Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

1

Shares

Common

Stock

(

47.1%

)

Value

Communications

Services

(3.0%)

18,805

Alphabet,

Inc.,

Class

A

a

$

2,838,239

145,417

Alphabet,

Inc.,

Class

C

a

22,141,192

16,392

Altice

USA,

Inc.

a

42,783

5,612

AMC

Networks,

Inc.

a

68,074

2,049

Bandwidth,

Inc.

a

37,415

2,230

Bumble,

Inc.

a

25,310

45

Cable

One,

Inc.

19,041

98,666

Cargurus,

Inc.

a

2,277,211

67,847

Comcast

Corporation

2,941,167

56

E.W.

Scripps

Company

a

220

14,585

Electronic

Arts,

Inc.

1,934,992

6,237

Emerald

Holding,

Inc.

a

42,474

2,175

Entravision

Communications

Corporation

3,567

11,841

iHeartMedia,

Inc.

a

24,748

3,621

Imax

Corporation

a

58,552

37,531

Integral

Ad

Science

Holding

Corporation

a

374,184

4,052

Interpublic

Group

of

Companies,

Inc.

132,217

4,224

Iridium

Communications,

Inc.

110,500

9,105

Liberty

Global,

Ltd.,

Class

A

a

154,057

6,360

Liberty

Latin

America,

Ltd.,

Class

A

a

44,329

1,216

Live

Nation

Entertainment,

Inc.

a

128,616

47,717

Lumen

Technologies,

Inc.

a

74,438

1,949

Match

Group,

Inc.

a

70,710

44,414

Meta

Platforms,

Inc.

21,566,550

1,161

Netflix,

Inc.

a

705,110

752

Omnicom

Group,

Inc.

72,764

38,381

Pinterest,

Inc.

a

1,330,669

4,275

Playtika

Holding

Corporation

30,139

91,424

QuinStreet,

Inc.

a

1,614,548

3,882

Roku,

Inc.

a

252,990

2,117

Sinclair,

Inc.

28,516

1,880

TechTarget,

Inc.

a

62,190

4,316

Telephone

and

Data

Systems,

Inc.

69,142

22,688

Trade

Desk,

Inc.

a

1,983,385

98,383

Verizon

Communications,

Inc.

4,128,151

111,371

Warner

Brothers

Discovery,

Inc.

a

972,269

6,985

Ziff

Davis,

Inc.

a

440,334

Total

66,800,793

Consumer

Discretionary

(5.2%)

114

Adient

plc

a

3,753

168,229

Amazon.com,

Inc.

a

30,345,147

838

American

Axle

&

Manufacturing

Holdings,

Inc.

a

6,168

11,354

American

Eagle

Outfitters,

Inc.

292,820

21,790

Aptiv

plc

a

1,735,574

4,910

Autoliv,

Inc.

591,311

600

Beazer

Homes

USA,

Inc.

a

19,680

1,609

Best

Buy

Company,

Inc.

131,986

610

Booking

Holdings,

Inc.

2,213,007

21,220

Boot

Barn

Holdings,

Inc.

a

2,019,083

7,293

Brunswick

Corporation

703,920

2,723

Buckle,

Inc.

109,655

13

Cavco

Industries,

Inc.

a

5,188

959

Chipotle

Mexican

Grill,

Inc.

a

2,787,592

28,171

Columbia

Sportswear

Company

2,286,922

1,967

Container

Store

Group,

Inc.

a

2,242

35,246

Cooper-Standard

Holdings,

Inc.

a

583,674

728

Coursera,

Inc.

a

10,207

6,136

Crocs,

Inc.

a

882,357

1,475

Culp,

Inc.

a

7,080

Shares

Common

Stock

(47.1%)

Value

Consumer

Discretionary

(5.2%)

-

continued

7,487

D.R.

Horton,

Inc.

$

1,231,986

11,633

Dana,

Inc.

147,739

1,314

Darden

Restaurants,

Inc.

219,635

1,551

Deckers

Outdoor

Corporation

a

1,459,894

1,246

DoorDash,

Inc.

a

171,599

48

Dorman

Products,

Inc.

a

4,627

62,838

eBay,

Inc.

3,316,590

491

El

Pollo

Loco

Holdings,

Inc.

a

4,782

1,505

Etsy,

Inc.

a

103,424

9,786

Everi

Holdings,

Inc.

a

98,349

22,190

Expedia

Group,

Inc.

a

3,056,672

8,763

Five

Below,

Inc.

a

1,589,433

145

Fox

Factory

Holding

Corporation

a

7,550

12,425

Gap,

Inc.

342,309

5,467

Garmin,

Ltd.

813,872

19,890

Gentex

Corporation

718,427

3,049

Genuine

Parts

Company

472,382

4,336

Goodyear

Tire

&

Rubber

Company

a

59,533

9,912

Grand

Canyon

Education,

Inc.

a

1,350,114

2,028

Green

Brick

Partners,

Inc.

a

122,146

800

Harley-Davidson,

Inc.

34,992

13,568

Hilton

Worldwide

Holdings,

Inc.

2,894,190

18,987

Home

Depot,

Inc.

7,283,413

4,065

Kohl's

Corporation

118,495

11,430

Laureate

Education,

Inc.

166,535

1,144

La-Z-Boy,

Inc.

43,037

2,229

Lear

Corporation

322,938

2,190

Leggett

&

Platt,

Inc.

41,938

1,326

Lennar

Corporation

228,045

10,134

LKQ

Corporation

541,257

10,061

Lowe's

Companies,

Inc.

2,562,839

4,766

Lululemon

Athletica,

Inc.

a

1,861,838

286

M/I

Homes,

Inc.

a

38,979

31

Marriott

Vacations

Worldwide

Corporation

3,340

7,153

McDonald's

Corporation

2,016,788

7,994

Meritage

Homes

Corporation

1,402,627

71,244

Mobileye

Global,

Inc.

a

2,290,495

15,850

Modine

Manufacturing

Company

a

1,508,761

2,460

Mohawk

Industries,

Inc.

a

321,989

3,840

Nordstrom,

Inc.

77,837

484

NVR,

Inc.

a

3,920,381

1,595

O'Reilly

Automotive,

Inc.

a

1,800,564

2,109

Polaris,

Inc.

211,153

3,826

Pool

Corporation

1,543,791

30,981

Qurate

Retail,

Inc.

a

38,107

1,215

Ralph

Lauren

Corporation

228,128

3,721

Ross

Stores,

Inc.

546,094

5,219

Savers

Value

Village,

Inc.

a

100,622

286

Shake

Shack,

Inc.

a

29,753

17,686

SharkNinja,

Inc.

1,101,661

45,469

Skyline

Champion

Corporation

a

3,865,320

21,805

Sony

Group

Corporation

ADR

1,869,561

12,346

Starbucks

Corporation

1,128,301

84,978

Stoneridge,

Inc.

a

1,566,994

42,950

Tesla,

Inc.

a

7,550,180

14,509

Texas

Roadhouse,

Inc.

2,241,205

144,235

ThredUp,

Inc.

a

288,470

276

TopBuild

Corporation

a

121,641

7,205

Travel

+

Leisure

Company

352,757

12

Ulta

Beauty,

Inc.

a

6,275

2,800

United

Parks

&

Resorts,

Inc.

a

157,388

2,959

Upbound

Group,

Inc.

104,186

6,002

Urban

Outfitters,

Inc.

a

260,607

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

2

Shares

Common

Stock

(47.1%)

Value

Consumer

Discretionary

(5.2%)

-

continued

130

Vail

Resorts,

Inc.

$

28,968

182

Visteon

Corporation

a

21,405

11,442

Wendy's

Company

215,567

1,178

Wingstop,

Inc.

431,619

13,925

Wyndham

Hotels

&

Resorts,

Inc.

1,068,744

238

XPEL,

Inc.

a

12,857

10,936

Yum

China

Holding,

Inc.

435,143

Total

115,036,204

Consumer

Staples

(2.1%)

27,274

Altria

Group,

Inc.

1,189,692

594

Archer-Daniels-Midland

Company

37,309

2,787

BellRing

Brands,

Inc.

a

164,517

56,135

BJ's

Wholesale

Club

Holdings,

Inc.

a

4,246,613

6,070

Casey's

General

Stores,

Inc.

1,932,991

36,328

Celsius

Holdings,

Inc.

a

3,012,318

42,810

Coca-Cola

Company

2,619,116

528

Costco

Wholesale

Corporation

386,829

130,508

Coty,

Inc.

a

1,560,876

1,136

Darling

Ingredients,

Inc.

a

52,835

775

Dollar

Tree,

Inc.

a

103,191

12,220

e.l.f.

Beauty,

Inc.

a

2,395,487

1,670

Flowers

Foods,

Inc.

39,662

224

Hershey

Company

43,568

10,278

J

&

J

Snack

Foods

Corporation

1,485,788

9,243

John

B.

Sanfilippo

&

Son,

Inc.

979,018

81,264

Kenvue,

Inc.

1,743,925

3,463

Kroger

Company

197,841

20,354

Lamb

Weston

Holdings,

Inc.

2,168,312

16,332

Lancaster

Colony

Corporation

3,391,013

204

McCormick

&

Company,

Inc.

15,669

35,951

Philip

Morris

International,

Inc.

3,293,831

23,080

Pilgrim's

Pride

Corporation

a

792,106

331

PriceSmart,

Inc.

27,804

7,510

Procter

&

Gamble

Company

1,218,497

37,210

Sysco

Corporation

3,020,708

19,018

Turning

Point

Brands,

Inc.

557,227

16,000

Tyson

Foods,

Inc.

939,680

135,899

Walmart,

Inc.

8,177,043

Total

45,793,466

Energy

(2.0%)

778

Archrock,

Inc.

15,303

19,327

Baker

Hughes

Company

647,455

1,008

Cactus,

Inc.

50,491

1,417

California

Resources

Corporation

78,077

1,468

ChampionX

Corporation

52,687

20,361

Chesapeake

Energy

Corporation

1,808,668

1,469

Chevron

Corporation

231,720

26,381

ConocoPhillips

3,357,774

1,479

CVR

Energy,

Inc.

52,741

59,074

Devon

Energy

Corporation

2,964,333

85,217

Enterprise

Products

Partners,

LP

2,486,632

12,761

EOG

Resources,

Inc.

1,631,366

5,930

Expro

Group

Holdings

NV

a

118,422

39,189

Exxon

Mobil

Corporation

4,555,329

3,304

Gulfport

Energy

Corporation

a

529,036

122,041

Halliburton

Company

4,810,856

548

International

Seaways,

Inc.

29,154

9,256

Liberty

Energy,

Inc.

191,784

1,945

Magnolia

Oil

&

Gas

Corporation

50,473

11,804

Marathon

Oil

Corporation

334,525

9,091

Marathon

Petroleum

Corporation

1,831,837

36,460

Matador

Resources

Company

2,434,434

Shares

Common

Stock

(47.1%)

Value

Energy

(2.0%)

-

continued

3,774

Murphy

Oil

Corporation

$

172,472

3,160

Noble

Corporation

plc

153,228

77,223

NOV,

Inc.

1,507,393

8,320

Ovintiv,

Inc.

431,808

6,524

Par

Pacific

Holdings,

Inc.

a

241,779

1,720

Patterson-UTI

Energy,

Inc.

20,537

6,391

Phillips

66

1,043,906

20,795

Pioneer

Natural

Resources

Company

5,458,688

20,334

ProPetro

Holding

Corporation

a

164,299

8,521

Schlumberger

NV

467,036

16,844

Shell

plc

ADR

1,129,222

7,287

SM

Energy

Company

363,257

1,121

Solaris

Oilfield

Infrastructure,

Inc.

9,719

127,812

TechnipFMC

plc

3,209,359

6,951

TETRA

Technologies,

Inc.

a

30,793

2,710

U.S.

Silica

Holdings,

Inc.

a

33,631

5,246

Viper

Energy,

Inc.

201,761

32,462

Williams

Companies,

Inc.

1,265,044

Total

44,167,029

Financials

(6.7%)

1,158

1st

Source

Corporation

60,702

10,343

Allstate

Corporation

1,789,442

58,835

Ally

Financial,

Inc.

2,388,113

2,384

Amalgamated

Financial

Corporation

57,216

143

Amerant

Bancorp,

Inc.

3,330

14,815

American

Express

Company

3,373,227

35,308

American

International

Group,

Inc.

2,760,026

9,521

Ameriprise

Financial,

Inc.

4,174,387

388

Ameris

Bancorp

18,771

68

Apollo

Global

Management,

Inc.

7,647

12,515

Arch

Capital

Group,

Ltd.

a

1,156,887

5,192

Arthur

J.

Gallagher

&

Company

1,298,208

3,638

Artisan

Partners

Asset

Management,

Inc.

166,511

382

AssetMark

Financial

Holdings,

Inc.

a

13,527

1,012

Associated

Banc-Corp

21,768

597

Assurant,

Inc.

112,379

1,338

Assured

Guaranty,

Ltd.

116,741

267

Atlantic

Union

Bankshares

Corporation

9,428

513

Axis

Capital

Holdings,

Ltd.

33,355

348

Axos

Financial,

Inc.

a

18,806

106,609

Bank

of

America

Corporation

4,042,613

104

Bank

of

Hawaii

Corporation

6,489

2,554

Bank

of

Marin

Bancorp

42,831

16,288

Bank

of

N.T.

Butterfield

&

Son,

Ltd.

521,053

54,855

Bank

of

New

York

Mellon

Corporation

3,160,745

1,394

Bank

OZK

63,371

1,433

BankFinancial

Corporation

15,046

219

BankUnited,

Inc.

6,132

3,772

Banner

Corporation

181,056

166

Bar

Harbor

Bankshares

4,396

459

BayCom

Corporation

9,460

2,681

BCB

Bancorp,

Inc.

28,016

5,677

Berkshire

Hathaway,

Inc.

a

2,387,292

7,475

Berkshire

Hills

Bancorp,

Inc.

171,327

980

BlackRock,

Inc.

817,026

4,459

Block,

Inc.

a

377,142

22,970

Blue

Owl

Capital,

Inc.

433,214

114

BOK

Financial

Corporation

10,488

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

3

Shares

Common

Stock

(47.1%)

Value

Financials

(6.7%)

-

continued

38,228

Bridgewater

Bancshares,

Inc.

a

$

444,974

2,698

Brighthouse

Financial,

Inc.

a

139,055

2,951

BrightSpire

Capital,

Inc.

20,332

14,257

Brookline

Bancorp,

Inc.

142,000

9,176

Brown

&

Brown,

Inc.

803,267

2,403

Business

First

Bancshares,

Inc.

53,539

4,205

Byline

Bancorp,

Inc.

91,333

2,354

Cadence

Bank

68,266

240

Camden

National

Corporation

8,045

167

Capital

City

Bank

Group,

Inc.

4,626

11,286

Capital

One

Financial

Corporation

1,680,373

6,537

Capitol

Federal

Financial,

Inc.

38,961

35,893

Carlyle

Group,

Inc.

1,683,741

377

Cathay

General

Bancorp

14,262

4,024

Cboe

Global

Markets,

Inc.

739,330

10,399

Central

Pacific

Financial

Corporation

205,380

40,614

Charles

Schwab

Corporation

2,938,017

13,739

Chubb,

Ltd.

3,560,187

4,090

Cincinnati

Financial

Corporation

507,855

3,426

Citigroup,

Inc.

216,660

1,655

Citizens

Financial

Group,

Inc.

60,060

221

CNA

Financial

Corporation

10,038

2,139

CNB

Financial

Corporation

43,614

679

Coinbase

Global,

Inc.

a

180,016

19,104

Columbia

Banking

System,

Inc.

369,662

29,395

Comerica,

Inc.

1,616,431

1,803

Commerce

Bancshares,

Inc.

95,920

319

Community

Bank

System,

Inc.

15,322

3,930

Community

Trust

Bancorp,

Inc.

167,614

246

Community

West

Bancshares

4,893

313

ConnectOne

Bancorp,

Inc.

6,103

1,099

Corpay,

Inc.

a

339,085

912

Cullen/Frost

Bankers,

Inc.

102,664

1,660

Customers

Bancorp,

Inc.

a

88,080

463

CVB

Financial

Corporation

8,260

3,405

Dime

Community

Bancshares,

Inc.

65,580

15,579

Discover

Financial

Services

2,042,251

2,889

Eagle

Bancorp,

Inc.

67,863

2,826

East

West

Bancorp,

Inc.

223,565

4,556

Ellington

Residential

Mortgage

REIT

31,482

1,110

Employers

Holdings,

Inc.

50,383

2,082

Enova

International,

Inc.

a

130,812

203

Enterprise

Bancorp,

Inc./MA

5,272

5,488

Enterprise

Financial

Services

Corporation

222,593

1,445

Equity

Bancshares,

Inc.

49,665

222

EVERTEC,

Inc.

8,858

53,937

F.N.B.

Corporation

760,512

6,790

FactSet

Research

Systems,

Inc.

3,085,308

12,966

Federated

Hermes,

Inc.

468,332

3,745

Fidelity

National

Information

Services,

Inc.

277,804

3,044

Fifth

Third

Bancorp

113,267

3,222

Financial

Institutions,

Inc.

60,638

1,052

First

Bancorp/Puerto

Rico

18,452

6,506

First

Bancshares,

Inc.

168,831

31

First

Citizens

BancShares,

Inc./NC

50,685

9,315

First

Commonwealth

Financial

Corporation

129,665

3,157

First

Financial

Bancorp

70,780

1,508

First

Financial

Bankshares,

Inc.

49,477

1,504

First

Financial

Corporation

57,648

583

First

Hawaiian,

Inc.

12,803

Shares

Common

Stock

(47.1%)

Value

Financials

(6.7%)

-

continued

9,393

First

Horizon

Corporation

$

144,652

646

First

Internet

Bancorp

22,442

3,766

First

Interstate

BancSystem,

Inc.

102,473

1,228

First

Merchants

Corporation

42,857

2,022

First

Mid-Illinois

Bancshares,

Inc.

66,079

4,490

First

of

Long

Island

Corporation

49,794

4,000

Fiserv,

Inc.

a

639,280

203

Five

Star

Bancorp

4,567

4,092

Flushing

Financial

Corporation

51,600

1,747

Flywire

Corporation

a

43,343

6,281

Fulton

Financial

Corporation

99,805

33,511

Glacier

Bancorp,

Inc.

1,349,823

4,469

Global

Payments,

Inc.

597,327

2,008

Great

Southern

Bancorp,

Inc.

110,079

2,043

Green

Dot

Corporation

a

19,061

15,239

Hamilton

Lane,

Inc.

1,718,350

7,198

Hancock

Whitney

Corporation

331,396

15,992

Hanmi

Financial

Corporation

254,593

1,566

Hanover

Insurance

Group,

Inc.

213,242

4,033

Hartford

Financial

Services

Group,

Inc.

415,601

23,373

Heartland

Financial

USA,

Inc.

821,561

10,164

Heritage

Commerce

Corporation

87,207

7,415

Heritage

Financial

Corporation

143,777

2,334

Home

BancShares,

Inc.

57,346

3,906

Hometrust

Bancshares,

Inc.

106,790

6,007

Hope

Bancorp,

Inc.

69,141

324

Horace

Mann

Educators

Corporation

11,985

5,073

Horizon

Bancorp,

Inc.

65,087

33,502

Houlihan

Lokey,

Inc.

4,294,621

5,682

Huntington

Bancshares,

Inc./OH

79,264

4,166

Independent

Bank

Corporation

216,715

3,872

Independent

Bank

Corporation/MI

98,155

47,664

Intercontinental

Exchange,

Inc.

6,550,464

402

International

Bancshares

Corporation

22,568

4,103

Invesco

Mortgage

Capital,

Inc.

39,717

33,708

Invesco,

Ltd.

559,216

47,161

J.P.

Morgan

Chase

&

Company

9,446,348

7,259

Jack

Henry

&

Associates,

Inc.

1,261,106

14,236

Janus

Henderson

Group

plc

468,222

4,478

Kearny

Financial

Corporation/MD

28,838

90,807

KeyCorp

1,435,659

11,743

Kinsale

Capital

Group,

Inc.

6,162,022

2,349

KKR

&

Company,

Inc.

236,262

2,791

Lazard,

Inc.

116,859

732

LendingTree,

Inc.

a

30,993

721

M&T

Bank

Corporation

104,862

555

MarketAxess

Holdings,

Inc.

121,684

7,164

Marsh

&

McLennan

Companies,

Inc.

1,475,641

3,514

Mastercard,

Inc.

1,692,237

2,024

Mercantile

Bank

Corporation

77,904

26,457

MetLife,

Inc.

1,960,728

655

Metropolitan

Bank

Holding

Corporation

a

25,218

9,913

MFA

Financial,

Inc.

113,107

58,472

MGIC

Investment

Corporation

1,307,434

538

Mid

Penn

Bancorp,

Inc.

10,765

4,012

Midland

States

Bancorp,

Inc.

100,822

6,538

MidWestOne

Financial

Group,

Inc.

153,251

1,159

Moody's

Corporation

455,522

13,669

Morgan

Stanley

1,287,073

4,637

Mr.

Cooper

Group,

Inc.

a

361,454

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

4

Shares

Common

Stock

(47.1%)

Value

Financials

(6.7%)

-

continued

7,258

MSCI,

Inc.

$

4,067,746

223

MVB

Financial

Corporation

4,975

35,644

Nasdaq,

Inc.

2,249,136

3,408

National

Bank

Holdings

Corporation

122,927

3,465

Navient

Corporation

60,291

1,186

NCR

Atleos

Corporation

a

23,424

12,417

New

York

Community

Bancorp,

Inc.

b

39,983

15,904

NMI

Holdings,

Inc.

a

514,335

21,431

Northern

Trust

Corporation

1,905,645

168

Northfield

Bancorp,

Inc.

1,633

170

Northrim

BanCorp,

Inc.

8,587

3,680

Northwest

Bancshares,

Inc.

42,872

19,626

NU

Holdings,

Ltd./Cayman

Islands

a

234,138

12,760

OceanFirst

Financial

Corporation

209,392

3,651

OFG

Bancorp

134,393

3,429

Old

National

Bancorp

59,699

3,013

Old

Republic

International

Corporation

92,559

4,524

Old

Second

Bancorp,

Inc.

62,612

9,658

OneMain

Holdings,

Inc.

493,427

4,589

Pacific

Premier

Bancorp,

Inc.

110,136

1,048

Pathward

Financial,

Inc.

52,903

51,126

PayPal

Holdings,

Inc.

a

3,424,931

892

PCB

Bancorp

14,566

714

PennyMac

Financial

Services,

Inc.

65,038

2,545

Peoples

Bancorp,

Inc./OH

75,357

1,139

Pinnacle

Financial

Partners,

Inc.

97,817

293

PNC

Financial

Services

Group,

Inc.

47,349

1,063

Popular,

Inc.

93,640

3,141

Premier

Financial

Corporation

63,762

270

PROG

Holdings,

Inc.

9,299

10,287

Prosperity

Bancshares,

Inc.

676,679

4,898

Provident

Financial

Services,

Inc.

71,364

2,253

Prudential

Financial,

Inc.

264,502

26,531

Radian

Group,

Inc.

887,993

38,970

Raymond

James

Financial,

Inc.

5,004,527

3,669

Regions

Financial

Corporation

77,196

19,352

Rithm

Capital

Corporation

215,968

17,313

RLI

Corporation

2,570,461

2,279

S&T

Bancorp,

Inc.

73,110

3,249

Sandy

Spring

Bancorp,

Inc.

75,312

26,741

SEI

Investments

Company

1,922,678

420

ServisFirst

Bancshares,

Inc.

27,871

2,502

Shore

Bancshares,

Inc.

28,773

301

Simmons

First

National

Corporation

5,857

414

SmartFinancial,

Inc.

8,723

235

Southern

First

Bancshares,

Inc.

a

7,464

136

Southern

Missouri

Bancorp,

Inc.

5,945

1,140

SouthState

Corporation

96,934

3,913

State

Street

Corporation

302,553

2,746

Stellar

Bancorp,

Inc.

66,893

1,487

StepStone

Group,

Inc.

53,145

411

Synchrony

Financial

17,722

2,055

Synovus

Financial

Corporation

82,323

170

T.

Rowe

Price

Group,

Inc.

20,726

1,384

Territorial

Bancorp,

Inc.

11,155

2,125

TPG,

Inc.

94,988

23,940

Tradeweb

Markets,

Inc.

2,493,830

1,906

TriCo

Bancshares

70,103

31,539

Triumph

Financial,

Inc.

a

2,501,673

363

Truist

Financial

Corporation

14,150

Shares

Common

Stock

(47.1%)

Value

Financials

(6.7%)

-

continued

2,373

TrustCo

Bank

Corporation

NY

$

66,824

6,114

Two

Harbors

Investment

Corporation

80,949

1,434

U.S.

Bancorp

64,100

413

UMB

Financial

Corporation

35,927

1,556

United

Bankshares,

Inc.

55,689

1,026

United

Community

Banks,

Inc.

27,004

2,772

Univest

Financial

Corporation

57,713

851

Unum

Group

45,665

15,675

Valley

National

Bancorp

124,773

3,552

Veritex

Holdings,

Inc.

72,780

8,520

Virtu

Financial,

Inc.

174,830

2,599

Visa,

Inc.

725,329

3,680

Voya

Financial,

Inc.

272,026

3,380

WaFd,

Inc.

98,121

548

Walker

&

Dunlop,

Inc.

55,381

3,075

Webster

Financial

Corporation

156,118

93,070

Wells

Fargo

&

Company

5,394,337

3,272

Westamerica

Bancorporation

159,935

45,371

Western

Alliance

Bancorp

2,912,364

19,107

Western

Union

Company

267,116

194

Willis

Towers

Watson

plc

53,350

868

Wintrust

Financial

Corporation

90,611

247

WSFS

Financial

Corporation

11,150

2,096

XP,

Inc.

53,783

24,212

Zions

Bancorp

NA

1,050,801

Total

146,722,514

Health

Care

(5.8%)

15,883

Abbott

Laboratories

1,805,262

5,723

AbbVie,

Inc.

1,042,158

4,156

ACADIA

Pharmaceuticals,

Inc.

a

76,844

17,381

Agilent

Technologies,

Inc.

2,529,109

1,302

Agios

Pharmaceuticals,

Inc.

a

38,070

902

Aldeyra

Therapeutics,

Inc.

a

2,950

8,120

Align

Technology,

Inc.

a

2,662,710

4,223

Alkermes

plc

a

114,317

15,517

Amgen,

Inc.

4,411,793

3,315

Amicus

Therapeutics,

Inc.

a

39,051

5,041

Amneal

Pharmaceuticals,

Inc.

a

30,548

1,444

Anika

Therapeutics,

Inc.

a

36,678

5,963

Arcellx,

Inc.

a

414,727

3,417

Argenx

SE

ADR

a

1,345,341

9,039

Ascendis

Pharma

AS

ADR

a

1,366,426

31,979

AstraZeneca

plc

ADR

2,166,577

106,972

Avantor,

Inc.

a

2,735,274

4,483

Azenta,

Inc.

a

270,235

4,812

Biogen,

Inc.

a

1,037,612

205

BioMarin

Pharmaceutical,

Inc.

a

17,905

262

Bio-Rad

Laboratories,

Inc.

a

90,618

26,161

Bio-Techne

Corporation

1,841,473

3,411

Bruker

Corporation

320,429

4,315

CareDx,

Inc.

a

45,696

13,138

Centene

Corporation

a

1,031,070

3,454

Certara,

Inc.

a

61,758

5,420

Charles

River

Laboratories

International,

Inc.

a

1,468,549

2,238

Chemed

Corporation

1,436,639

6,143

Cigna

Group

2,231,076

587

Codexis,

Inc.

a

2,049

2,952

Cooper

Companies,

Inc.

299,510

21,914

Danaher

Corporation

5,472,364

3,484

Deciphera

Pharmaceuticals,

Inc.

a

54,803

5,502

Definitive

Healthcare

Corporation

a

44,401

3,298

Denali

Therapeutics,

Inc.

a

67,675

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

5

Shares

Common

Stock

(47.1%)

Value

Health

Care

(5.8%)

-

continued

20,622

Dentsply

Sirona,

Inc.

$

684,444

14,629

Dexcom,

Inc.

a

2,029,042

2,100

Dynavax

Technologies

Corporation

a

26,061

19,741

Edwards

Lifesciences

Corporation

a

1,886,450

42,506

Elanco

Animal

Health,

Inc.

a

691,998

7,015

Elevance

Health,

Inc.

3,637,558

5,729

Eli

Lilly

&

Company

4,456,933

442

Enanta

Pharmaceuticals,

Inc.

a

7,717

42,536

Enovis

Corporation

a

2,656,373

6,699

Exelixis,

Inc.

a

158,967

18,299

Gilead

Sciences,

Inc.

1,340,402

27,714

Globus

Medical,

Inc.

a

1,486,579

7,262

GoodRx

Holdings,

Inc.

a

51,560

33,751

Halozyme

Therapeutics,

Inc.

a

1,372,991

5,012

ICON

plc

a

1,683,781

120

IDEXX

Laboratories,

Inc.

a

64,792

1,578

Illumina,

Inc.

a

216,691

16,933

Immunocore

Holdings

plc

ADR

a

1,100,645

683

Incyte

Corporation

a

38,911

8,249

Inspire

Medical

Systems,

Inc.

a

1,771,803

11,488

Intuitive

Surgical,

Inc.

a

4,584,746

894

IQVIA

Holding,

Inc.

a

226,084

1,789

Jazz

Pharmaceuticals,

Inc.

a

215,431

24,440

Johnson

&

Johnson

3,866,164

1,015

Kodiak

Sciences,

Inc.

a

5,339

21,738

Laboratory

Corporation

of

America

Holdings

4,748,883

11,667

Lantheus

Holdings,

Inc.

a

726,154

10,494

Legend

Biotech

Corporation

ADR

a

588,608

62

Ligand

Pharmaceuticals,

Inc.

a

4,532

890

LivaNova

plc

a

49,787

8,155

Masimo

Corporation

a

1,197,562

29

Medpace

Holdings,

Inc.

a

11,720

46,851

Medtronic

plc

4,083,065

32,805

Merck

&

Company,

Inc.

4,328,620

7,738

Molina

Healthcare,

Inc.

a

3,179,003

2,012

Myriad

Genetics,

Inc.

a

42,896

11,438

Natera,

Inc.

a

1,046,119

264

National

HealthCare

Corporation

24,951

8,427

Neogen

Corporation

a

132,978

40,640

Novo

Nordisk

AS

ADR

5,218,176

5,955

Nuvation

Bio,

Inc.

a

21,676

94,324

Option

Care

Health,

Inc.

a

3,163,627

2,181

Organon

&

Company

41,003

1,354

Pacira

Pharmaceuticals,

Inc.

a

39,564

61,918

Paragon

28,

Inc.

a

764,687

60,284

Progyny,

Inc.

a

2,299,835

2,525

Prothena

Corporation

plc

a

62,544

1,723

PTC

Therapeutics,

Inc.

a

50,122

721

QIAGEN

NV

30,996

2,925

QuidelOrtho

Corporation

a

140,224

3,294

Recursion

Pharmaceuticals,

Inc.

a

32,841

12,104

Repligen

Corporation

a

2,226,168

3,990

Rocket

Pharmaceuticals,

Inc.

a

107,491

1,922

Royalty

Pharma

plc

58,371

9,125

Sarepta

Therapeutics,

Inc.

a

1,181,322

75,643

scPharmaceuticals,

Inc.

a

379,728

1,811

Sensus

Healthcare,

Inc.

a

6,882

8,183

Shockwave

Medical,

Inc.

a

2,664,630

1,191

Stryker

Corporation

426,223

744

Teleflex,

Inc.

168,270

1,961

TG

Therapeutics,

Inc.

a

29,827

4,600

Thermo

Fisher

Scientific,

Inc.

2,673,566

1,718

UnitedHealth

Group,

Inc.

849,895

Shares

Common

Stock

(47.1%)

Value

Health

Care

(5.8%)

-

continued

1,521

Vanda

Pharmaceuticals,

Inc.

a

$

6,251

10,077

Veeva

Systems,

Inc.

a

2,334,740

5,631

Veracyte,

Inc.

a

124,783

29,906

Vericel

Corporation

a

1,555,710

3,483

Vertex

Pharmaceuticals,

Inc.

a

1,455,929

47,439

Viemed

Healthcare,

Inc.

a

447,350

1,142

West

Pharmaceutical

Services,

Inc.

451,901

1,471

Zentalis

Pharmaceuticals,

Inc.

a

23,183

21,779

Zimmer

Biomet

Holdings,

Inc.

2,874,392

23,951

Zoetis,

Inc.

4,052,749

Total

127,002,693

Industrials

(6.7%)

3,150

A.O.

Smith

Corporation

281,799

292

Acuity

Brands,

Inc.

78,469

20,889

Advanced

Drainage

Systems,

Inc.

3,597,921

6,636

AECOM

650,859

1,455

AGCO

Corporation

178,994

26,684

Air

Lease

Corporation

1,372,625

4,724

Alight,

Inc.

a

46,531

1,839

Allison

Transmission

Holdings,

Inc.

149,253

10,921

AMETEK,

Inc.

1,997,451

5,074

Armstrong

World

Industries,

Inc.

630,292

32,085

ASGN,

Inc.

a

3,361,225

1,900

Atmus

Filtration

Technologies,

Inc.

a

61,275

5,640

Automatic

Data

Processing,

Inc.

1,408,534

1,859

Axon

Enterprise,

Inc.

a

581,644

2,217

AZEK

Company,

Inc.

a

111,338

1,310

AZZ,

Inc.

101,276

83,043

Badger

Infrastructure

Solutions,

Ltd.

3,077,597

12,580

Beacon

Roofing

Supply,

Inc.

a

1,233,092

74

Brady

Corporation

4,387

2,371

BWX

Technologies,

Inc.

243,312

8,454

Carlisle

Companies,

Inc.

3,312,700

13,522

Casella

Waste

Systems,

Inc.

a

1,336,920

12,631

Caterpillar,

Inc.

4,628,377

5,507

Cimpress

plc

a

487,425

144,602

CNH

Industrial

NV

1,874,042

141

Columbus

McKinnon

Corporation

6,293

1,099

CSW

Industrials,

Inc.

257,825

110,788

CSX

Corporation

4,106,911

2,113

Cummins,

Inc.

622,595

7,170

Curtiss-Wright

Corporation

1,835,090

41,997

Delta

Air

Lines,

Inc.

2,010,396

2,446

Donaldson

Company,

Inc.

182,667

32

Dover

Corporation

5,670

2,992

EMCOR

Group,

Inc.

1,047,798

239

Equifax,

Inc.

63,937

97

ESCO

Technologies,

Inc.

10,384

122,070

ExlService

Holdings,

Inc.

a

3,881,826

7,160

Expeditors

International

of

Washington,

Inc.

870,441

100,769

Fastenal

Company

7,773,321

8,650

Ferguson

plc

1,889,420

63,801

Flowserve

Corporation

2,914,430

41,045

Fluor

Corporation

a

1,735,383

3,675

Gates

Industrial

Corporation

plc

a

65,084

9,914

General

Dynamics

Corporation

2,800,606

1,590

Gibraltar

Industries,

Inc.

a

128,043

61

GMS,

Inc.

a

5,938

338

Gorman-Rupp

Company

13,368

6,731

Graco,

Inc.

629,079

14,754

Greenbrier

Companies,

Inc.

768,683

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

6

Shares

Common

Stock

(47.1%)

Value

Industrials

(6.7%)

-

continued

672

Griffon

Corporation

$

49,285

37,549

Helios

Technologies,

Inc.

1,678,065

777

Herc

Holdings,

Inc.

130,769

3,926

Hillman

Solutions

Corporation

a

41,773

11,577

Honeywell

International,

Inc.

2,376,179

91,113

Howmet

Aerospace,

Inc.

6,234,863

579

Huntington

Ingalls

Industries,

Inc.

168,761

8,138

IDEX

Corporation

1,985,835

18,717

Ingersoll

Rand,

Inc.

1,777,179

1,828

Interface,

Inc.

30,747

1,030

ITT

Corporation

140,111

162,207

Janus

International

Group,

Inc.

a

2,454,192

8,940

JB

Hunt

Transport

Services,

Inc.

1,781,295

338

Johnson

Controls

International

plc

22,078

3,167

Kennametal,

Inc.

78,985

3,664

Kratos

Defense

&

Security

Solutions,

Inc.

a

67,344

9,426

L3Harris

Technologies,

Inc.

2,008,681

17,104

Legalzoom.com,

Inc.

a

228,167

1,306

Leidos

Holdings,

Inc.

171,204

10,553

Lincoln

Electric

Holdings,

Inc.

2,695,658

4,927

Lyft,

Inc.

a

95,337

7,321

ManpowerGroup,

Inc.

568,402

11,279

Masco

Corporation

889,688

45,850

Masterbrand,

Inc.

a

859,229

1,233

Matson,

Inc.

138,589

10,817

Maximus,

Inc.

907,546

12,532

Middleby

Corporation

a

2,015,020

15,061

Miller

Industries,

Inc.

754,556

4,257

Moog,

Inc.

679,630

1,803

MSC

Industrial

Direct

Company,

Inc.

174,963

4,590

Mueller

Water

Products,

Inc.

73,853

440

MYR

Group,

Inc.

a

77,770

138

National

Presto

Industries,

Inc.

11,564

2,117

NEXTracker,

Inc.

a

119,124

6,822

Northrop

Grumman

Corporation

3,265,419

26,649

nVent

Electric

plc

2,009,335

11,322

Old

Dominion

Freight

Line,

Inc.

2,483,028

7,797

Oshkosh

Corporation

972,364

1,805

Otis

Worldwide

Corporation

179,182

11,633

Owens

Corning,

Inc.

1,940,384

8,270

PACCAR,

Inc.

1,024,570

1,667

Parker-Hannifin

Corporation

926,502

611

Paycom

Software,

Inc.

121,595

929

Paylocity

Holding

Corporation

a

159,658

17,266

Pentair

plc

1,475,207

4,312

Quanta

Services,

Inc.

1,120,258

10,575

Regal

Rexnord

Corporation

1,904,558

936

Republic

Services,

Inc.

179,188

1,883

Resideo

Technologies,

Inc.

a

42,217

5,178

Rockwell

Automation,

Inc.

1,508,507

1,352

Rush

Enterprises,

Inc.

72,359

4,658

Saia,

Inc.

a

2,724,930

48,784

Schneider

National,

Inc.

1,104,470

5,914

Sensata

Technologies

Holding

plc

217,280

8,833

Simpson

Manufacturing

Company,

Inc.

1,812,355

7,656

SiteOne

Landscape

Supply,

Inc.

a

1,336,355

4,326

SkyWest,

Inc.

a

298,840

184

Snap-On,

Inc.

54,504

2,578

Southwest

Airlines

Company

75,252

2,104

SS&C

Technologies

Holdings,

Inc.

135,434

1,546

Standex

International

Corporation

281,712

Shares

Common

Stock

(47.1%)

Value

Industrials

(6.7%)

-

continued

529

Sterling

Construction

Company,

Inc.

a

$

58,354

9,363

Tennant

Company

1,138,634

2,791

Terex

Corporation

179,740

3,470

Textron,

Inc.

332,877

282

Thermon

Group

Holdings,

Inc.

a

9,227

29,418

Timken

Company

2,572,016

508

Titan

Machinery,

Inc.

a

12,603

7,814

Trane

Technologies

plc

2,345,763

18,444

TransUnion

1,471,831

851

Trex

Company,

Inc.

a

84,887

71,825

Uber

Technologies,

Inc.

a

5,529,807

56

UniFirst

Corporation/MA

9,712

35,470

United

Parcel

Service,

Inc.

5,271,906

2,523

United

Rentals,

Inc.

1,819,361

6,037

Upwork,

Inc.

a

74,014

68

Valmont

Industries,

Inc.

15,523

3,632

Verra

Mobility

Corporation

a

90,691

2,449

Vertiv

Holdings

Company

200,010

2,597

Watsco,

Inc.

1,121,826

14,536

WillScot

Mobile

Mini

Holdings

Corporation

a

675,924

Total

146,359,137

Information

Technology

(11.6%)

1,094

Accenture

plc

379,191

12,242

Adobe,

Inc.

a

6,177,313

39,689

Advanced

Micro

Devices,

Inc.

a

7,163,468

12,345

Agilysys,

Inc.

a

1,040,190

1,664

Ambarella,

Inc.

a

84,481

30,603

Amphenol

Corporation

3,530,056

143,809

Apple,

Inc.

24,660,367

23,634

Applied

Materials,

Inc.

4,874,040

1,523

AppLovin

Corporation

a

105,422

7,211

Arista

Networks,

Inc.

a

2,091,046

4,278

Autodesk,

Inc.

a

1,114,077

1,174

Broadcom,

Inc.

1,556,031

16,868

CDW

Corporation

4,314,497

37,223

Ciena

Corporation

a

1,840,677

80,550

Cisco

Systems,

Inc.

4,020,251

3,431

Clearwater

Analytics

Holdings,

Inc.

a

60,694

163

Cognizant

Technology

Solutions

Corporation

11,946

1,070

Coherent

Corporation

a

64,863

17,757

Cohu,

Inc.

a

591,841

6,677

CommScope

Holding

Company,

Inc.

a

8,747

525

CommVault

Systems,

Inc.

a

53,251

9,617

Crane

NXT

Company

595,292

1,992

Credo

Technology

Group

Holding,

Ltd.

a

42,210

7,979

CyberArk

Software,

Ltd.

a

2,119,462

2,092

Datadog,

Inc.

a

258,571

16,934

Descartes

Systems

Group,

Inc.

a

1,549,969

41

DocuSign,

Inc.

a

2,442

4,147

Dolby

Laboratories,

Inc.

347,394

43,286

Dropbox,

Inc.

a

1,051,850

25,131

Dynatrace

Holdings,

LLC

a

1,167,084

757

Elastic

NV

a

75,882

8,502

Enphase

Energy,

Inc.

a

1,028,572

981

EPAM

Systems,

Inc.

a

270,913

314

F5,

Inc.

a

59,531

12,008

Fabrinet

a

2,269,752

75

First

Solar,

Inc.

a

12,660

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

7

Shares

Common

Stock

(47.1%)

Value

Information

Technology

(11.6%)

-

continued

25,505

Flex,

Ltd.

a

$

729,698

4,003

FormFactor,

Inc.

a

182,657

47,183

Fortinet,

Inc.

a

3,223,071

19

Gartner,

Inc.

a

9,057

39,465

Gilat

Satellite

Networks,

Ltd.

a

214,295

25,126

Gitlab,

Inc.

a

1,465,348

5,527

Globant

SA

a

1,115,901

65,108

Grid

Dynamics

Holdings,

Inc.

a

800,177

37,584

Guidewire

Software,

Inc.

a

4,386,429

13,050

Hackett

Group,

Inc.

317,115

2,569

Hewlett

Packard

Enterprise

Company

45,548

155

HP,

Inc.

4,684

3,183

HubSpot,

Inc.

a

1,994,340

2,077

Insight

Enterprises,

Inc.

a

385,325

6,645

International

Business

Machines

Corporation

1,268,929

1,127

IPG

Photonics

Corporation

a

102,208

1,312

Itron,

Inc.

a

121,386

76,994

JFrog,

Ltd.

a

3,404,675

3,044

Keysight

Technologies,

Inc.

a

476,021

1,504

KLA

Corporation

1,050,649

42,068

Knowles

Corporation

a

677,295

2,332

Kyndryl

Holdings,

Inc.

a

50,744

2,098

Lam

Research

Corporation

2,038,354

44,174

Lattice

Semiconductor

Corporation

a

3,455,732

8,336

Littelfuse,

Inc.

2,020,230

2,401

LiveRamp

Holding,

Inc.

a

82,835

5,828

Marvell

Technology,

Inc.

413,089

493

Microchip

Technology,

Inc.

44,227

98,680

Microsoft

Corporation

41,516,650

1,237

MKS

Instruments,

Inc.

164,521

3,127

MongoDB,

Inc.

a

1,121,467

2,868

Monolithic

Power

Systems,

Inc.

1,942,841

1,290

Motorola

Solutions,

Inc.

457,924

6,495

NetApp,

Inc.

681,780

4,923

NICE,

Ltd.

ADR

a

1,283,032

9,789

Nova,

Ltd.

a

1,736,373

35,810

NVIDIA

Corporation

32,356,484

6,996

ON

Semiconductor

Corporation

a

514,556

11,312

Onto

Innovation,

Inc.

a

2,048,377

156

OSI

Systems,

Inc.

a

22,280

35,683

PagerDuty,

Inc.

a

809,290

6,185

Palo

Alto

Networks,

Inc.

a

1,757,344

24,628

PDF

Solutions,

Inc.

a

829,225

9,281

Plexus

Corporation

a

880,024

377

Procore

Technologies,

Inc.

a

30,978

10,927

PTC,

Inc.

a

2,064,547

4,976

Q2

Holdings,

Inc.

a

261,539

1,531

Qorvo,

Inc.

a

175,805

66,680

QUALCOMM,

Inc.

11,288,924

1,641

Rapid7,

Inc.

a

80,475

1,042

RingCentral,

Inc.

a

36,199

22,455

Salesforce,

Inc.

6,762,997

55,129

Samsung

Electronics

Company,

Ltd.

3,313,116

10,354

ServiceNow,

Inc.

a

7,893,890

36,042

Shopify,

Inc.

a

2,781,361

11,978

Silicon

Laboratories,

Inc.

a

1,721,478

2,847

Skyworks

Solutions,

Inc.

308,387

5,518

SolarWinds

Corporation

a

69,637

1,585

Sprinklr,

Inc.

a

19,448

41,814

Sprout

Social,

Inc.

a

2,496,714

7,602

SPS

Commerce,

Inc.

a

1,405,610

Shares

Common

Stock

(47.1%)

Value

Information

Technology

(11.6%)

-

continued

3,439

Synopsys,

Inc.

a

$

1,965,389

7,684

Taiwan

Semiconductor

Manufacturing

Company,

Ltd.

ADR

1,045,408

7,769

TE

Connectivity,

Ltd.

1,128,370

388

Teledyne

Technologies,

Inc.

a

166,576

1,588

Tenable

Holdings,

Inc.

a

78,495

1,433

Teradata

Corporation

a

55,414

95

Teradyne,

Inc.

10,719

42,245

Trimble,

Inc.

a

2,718,888

160,444

TTM

Technologies,

Inc.

a

2,510,949

10,813

Tyler

Technologies,

Inc.

a

4,595,633

5,531

Unisys

Corporation

a

27,157

6,169

Universal

Display

Corporation

1,039,168

3,116

Upland

Software,

Inc.

a

9,628

60,928

Varonis

Systems,

Inc.

a

2,873,974

6,767

VeriSign,

Inc.

a

1,282,414

6,761

Viavi

Solutions,

Inc.

a

61,457

7,261

Vishay

Intertechnology,

Inc.

164,679

8,025

Vontier

Corporation

364,014

20,646

Workiva,

Inc.

a

1,750,781

1,377

Xerox

Holdings

Corporation

24,648

Total

255,381,086

Materials

(1.5%)

4,541

Albemarle

Corporation

b

598,231

14,431

Alcoa

Corporation

487,623

583

AptarGroup,

Inc.

83,888

281

Avery

Dennison

Corporation

62,733

3,778

Avient

Corporation

163,965

7,425

Axalta

Coating

Systems,

Ltd.

a

255,346

20,930

Ball

Corporation

1,409,845

626

Berry

Plastics

Group,

Inc.

37,860

6,034

Carpenter

Technology

Corporation

430,948

4,510

Celanese

Corporation

775,089

24,820

CF

Industries

Holdings,

Inc.

2,065,272

10,708

Chemours

Company

281,192

6,051

Cleveland-Cliffs,

Inc.

a

137,600

19,985

Corteva,

Inc.

1,152,535

3,126

Eagle

Materials,

Inc.

849,490

16,891

Eastman

Chemical

Company

1,692,816

3,951

Greif,

Inc.

272,817

1,392

Huntsman

Corporation

36,234

16,500

Ingevity

Corporation

a

787,050

2,718

Innospec,

Inc.

350,459

51,328

Ivanhoe

Mines,

Ltd.

a

612,351

671

Kaiser

Aluminum

Corporation

59,961

5,662

Linde

plc

2,628,980

7,207

Louisiana-Pacific

Corporation

604,739

391

LyondellBasell

Industries

NV

39,991

3,337

Martin

Marietta

Materials,

Inc.

2,048,718

1,888

Metallus,

Inc.

a

42,008

163

Minerals

Technologies,

Inc.

12,271

10,445

Mosaic

Company

339,045

811

Myers

Industries,

Inc.

18,791

26,199

Nucor

Corporation

5,184,782

3,865

O-I

Glass,

Inc.

a

64,120

2,141

Orion

SA

50,356

1,060

PPG

Industries,

Inc.

153,594

140

Quaker

Chemical

Corporation

28,735

2,211

Radius

Recycling,

Inc.

46,718

83,988

Ranpak

Holdings

Corporation

a

660,986

478

Reliance,

Inc.

159,738

9,441

RPM

International,

Inc.

1,123,007

558

Ryerson

Holding

Corporation

18,693

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

8

Shares

Common

Stock

(47.1%)

Value

Materials

(1.5%)

-

continued

12,970

Steel

Dynamics,

Inc.

$

1,922,543

28,743

Summit

Materials,

Inc.

a

1,281,076

5,096

SunCoke

Energy,

Inc.

57,432

700

TriMas

Corporation

18,711

8,818

Trinseo

plc

33,332

91,942

Tronox

Holdings

plc

1,595,194

3,205

United

States

Lime

&

Minerals,

Inc.

955,539

6,293

United

States

Steel

Corporation

256,629

2,109

Vulcan

Materials

Company

575,588

Total

32,524,621

Real

Estate

(1.6%)

39,255

Agree

Realty

Corporation

2,242,246

6,822

Alexandria

Real

Estate

Equities,

Inc.

879,424

1,300

Anywhere

Real

Estate,

Inc.

a

8,034

10,663

AvalonBay

Communities,

Inc.

1,978,626

2,381

Brixmor

Property

Group,

Inc.

55,834

1,775

CareTrust

REIT,

Inc.

43,257

22,935

CBRE

Group,

Inc.

a

2,230,199

36

Chatham

Lodging

Trust

364

30,802

Compass,

Inc.

a

110,887

18,853

CoStar

Group,

Inc.

a

1,821,200

15,753

Crown

Castle,

Inc.

1,667,140

111,664

Cushman

and

Wakefield

plc

a

1,168,005

4,102

DigitalBridge

Group,

Inc.

79,046

5,192

Douglas

Elliman,

Inc.

a

8,203

3,233

EastGroup

Properties,

Inc.

581,196

3,366

Elme

Communities

46,855

8,203

EPR

Properties

348,217

35,830

Equity

Commonwealth

a

676,470

4,480

Equity

Residential

282,733

63,407

Essential

Properties

Realty

Trust,

Inc.

1,690,431

938

Essex

Property

Trust,

Inc.

229,632

3,093

Extra

Space

Storage,

Inc.

454,671

3,489

First

Industrial

Realty

Trust,

Inc.

183,312

5,924

FirstService

Corporation

982,199

288

Forestar

Group,

Inc.

a

11,575

16,295

Four

Corners

Property

Trust,

Inc.

398,739

6,420

Getty

Realty

Corporation

175,587

87,765

Healthcare

Realty

Trust,

Inc.

1,241,875

1,396

Howard

Hughes

Holdings,

Inc.

a

101,378

51,592

Independence

Realty

Trust,

Inc.

832,179

5,004

Industrial

Logistics

Properties

Trust

21,467

20,642

Invitation

Homes,

Inc.

735,062

6,638

Kennedy-Wilson

Holdings,

Inc.

56,954

25,291

LXP

Industrial

Trust

228,125

46,584

National

Storage

Affiliates

Trust

1,824,229

12,738

NetSTREIT

Corporation

233,997

12,730

NNN

REIT,

Inc.

544,080

7,238

Park

Hotels

&

Resorts,

Inc.

126,593

2,646

Peakstone

Realty

Trust

42,680

8,487

Pebblebrook

Hotel

Trust

130,785

29,955

Phillips

Edison

and

Company,

Inc.

1,074,486

1,078

Plymouth

Industrial

REIT,

Inc.

24,255

5,146

Retail

Opportunity

Investments

Corporation

65,972

4,585

Rexford

Industrial

Realty,

Inc.

230,625

6,718

RLJ

Lodging

Trust

79,407

788

RMR

Group,

Inc.

18,912

3,470

Sabra

Health

Care

REIT,

Inc.

51,252

23,104

SBA

Communications

Corporation

5,006,637

26,110

STAG

Industrial,

Inc.

1,003,668

6,144

Summit

Hotel

Properties,

Inc.

39,997

Shares

Common

Stock

(47.1%)

Value

Real

Estate

(1.6%)

-

continued

3,121

Tanger,

Inc.

$

92,163

21,907

Terreno

Realty

Corporation

1,454,625

17,189

UDR,

Inc.

643,040

3,111

Ventas,

Inc.

135,453

2,373

Welltower,

Inc.

221,733

2,817

Zillow

Group,

Inc.

a

134,822

4,728

Zillow

Group,

Inc.

Class

C

a

230,632

Total

34,981,165

Utilities

(0.9%)

5,903

ALLETE,

Inc.

352,055

15,823

Alliant

Energy

Corporation

797,479

585

American

States

Water

Company

42,260

7,702

American

Water

Works

Company,

Inc.

941,261

119

Artesian

Resources

Corporation

4,416

27,390

CenterPoint

Energy,

Inc.

780,341

15,644

Clearway

Energy,

Inc.,

Class

A

336,502

18,525

Clearway

Energy,

Inc.,

Class

C

427,001

13,278

Constellation

Energy

Corporation

2,454,438

20,898

Duke

Energy

Corporation

2,021,046

16,589

Entergy

Corporation

1,753,126

46,702

Evergy,

Inc.

2,492,953

9,276

Eversource

Energy

554,427

461

NextEra

Energy

Partners,

LP

13,867

30,136

NiSource,

Inc.

833,562

6,642

Northwestern

Energy

Group,

Inc.

338,277

3,528

OGE

Energy

Corporation

121,010

4,034

PNM

Resources,

Inc.

151,840

34,731

Portland

General

Electric

Company

1,458,702

25,416

Public

Service

Enterprise

Group,

Inc.

1,697,280

6,792

Spire,

Inc.

416,825

44,515

UGI

Corporation

1,092,398

32,738

Xcel

Energy,

Inc.

1,759,668

Total

20,840,734

Total

Common

Stock

(cost

$711,349,210)

1,035,609,442

Shares

Registered

Investment

Companies

(

36.4%

)

Value

U.S.

Affiliated  (35.7%)

5,077,277

Thrivent

Core

Emerging

Markets

Equity

Fund

46,152,450

5,190,591

Thrivent

Core

International

Equity

Fund

55,227,890

137,077

Thrivent

Core

Low

Volatility

Equity

Fund

1,516,075

5,948,057

Thrivent

Core

Mid

Cap

Value

Fund

67,153,567

2,434,015

Thrivent

Core

Small

Cap

Value

Fund

25,654,522

5,783,104

Thrivent

Global

Stock

Portfolio

86,041,594

15,478,233

Thrivent

International

Allocation

Portfolio

153,703,498

895,006

Thrivent

International

Index

Portfolio

12,579,663

4,816,135

Thrivent

Large

Cap

Value

Portfolio

115,153,791

6,385,277

Thrivent

Mid

Cap

Stock

Portfolio

140,566,762

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

9

Shares

Registered

Investment

Companies

(36.4%)

Value

U.S.

Affiliated  (35.7%)-

continued

4,365,662

Thrivent

Small

Cap

Stock

Portfolio

$

82,435,493

Total

786,185,305

U.S.

Unaffiliated  (0.7%)

8,992

Communication

Services

Select

Sector

SPDR

Fund

734,287

4,292

Industrial

Select

Sector

SPDR

Fund

540,620

2,144

Invesco

QQQ

Trust

Series

1

951,957

21,389

iShares

Biotechnology

ETF

2,934,999

15,930

SPDR

S&P

500

ETF

Trust

8,332,505

16,109

SPDR

S&P

Biotech

ETF

1,528,583

2,022

SPDR

S&P

Oil

&

Gas

Exploration

ETF

313,269

Total

15,336,220

Total

Registered

Investment

Companies

(cost

$666,871,323)

801,521,525

Principal

Amount

Long-Term

Fixed

Income

(

4.6%

)

Value

Commercial

Mortgage-Backed

Securities

(0.1%)

Federal

Home

Loan

Mortgage

Corporation

Multifamily

Structured

Pass

Through

Certificates

$

175,000

3.500%, 

7/25/2032,

Ser.

K148,

Class

A2

c,d

161,053

275,000

3.530%, 

8/25/2032,

Ser.

K149,

Class

A2

c

253,340

1,100,000

3.820%, 

12/25/2032,

Ser.

K-153,

Class

A2

c,d

1,033,308

250,000

4.500%, 

8/25/2033,

Ser.

K-160,

Class

A2

c,d

246,536

Total

1,694,237

Mortgage-Backed

Securities

(2.5%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

499,893

2.000%, 

5/1/2051

400,494

1,000,122

2.500%, 

5/1/2051

835,318

475,697

3.500%, 

5/1/2052

425,957

467,383

4.000%, 

5/1/2052

436,357

643,088

3.500%, 

6/1/2052

576,251

144,359

5.000%, 

7/1/2053

141,771

1,024,467

5.500%, 

7/1/2053

1,026,762

840,984

5.000%, 

8/1/2053

828,534

1,799,248

5.500%, 

9/1/2053

1,807,065

Federal

Home

Loan

Mortgage

Corporation

Gold

15-Yr.

Pass

Through

210,613

2.500%, 

7/1/2030

197,978

Federal

National

Mortgage

Association

Conventional

20-Yr.

Pass

Through

608,187

3.000%, 

8/1/2038

562,897

538,517

3.500%, 

5/1/2040

503,960

493,440

2.500%, 

4/1/2042

428,659

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

1,010,920

3.000%, 

1/1/2052

876,841

100,925

2.000%, 

2/1/2051

80,880

Principal

Amount

Long-Term

Fixed

Income

(4.6%)

Value

Mortgage-Backed

Securities

(2.5%)

-

continued

$

156,061

2.000%, 

2/1/2051

$

125,065

731,806

2.500%, 

2/1/2051

610,839

526,990

2.500%, 

2/1/2051

435,927

1,316,784

2.000%, 

3/1/2051

1,046,039

1,692,521

4.000%, 

3/1/2051

1,596,845

1,041,476

3.000%, 

3/1/2052

898,828

625,412

3.000%, 

4/1/2051

541,058

635,155

3.000%, 

5/1/2050

552,697

208,899

2.000%, 

5/1/2051

166,601

491,021

3.000%, 

5/1/2051

431,120

408,556

3.000%, 

6/1/2050

360,671

407,820

4.000%, 

6/1/2052

378,252

122,434

5.000%, 

6/1/2053

120,502

775,310

2.500%, 

7/1/2051

649,796

341,045

3.500%, 

7/1/2051

309,907

1,187,201

4.000%, 

7/1/2052

1,101,193

351,950

3.500%, 

8/1/2050

320,595

3,436,987

4.500%, 

8/1/2052

3,286,029

1,111,367

5.000%, 

8/1/2053

1,093,828

174,175

3.500%, 

9/1/2052

156,773

144,142

3.500%, 

9/1/2052

e

129,741

905,998

5.000%, 

9/1/2052

886,154

907,683

4.500%, 

9/1/2053

870,080

2,584,420

4.500%, 

9/1/2053

2,464,888

759,163

4.000%, 

10/1/2052

705,659

206,069

2.000%, 

11/1/2051

164,562

837,605

2.000%, 

12/1/2050

670,216

858,236

2.500%, 

12/1/2051

715,256

412,160

4.500%, 

12/1/2052

395,387

5,000,000

6.000%, 

4/1/2041

e

5,045,520

8,750,000

5.500%, 

4/1/2042

e

8,706,567

3,700,000

3.000%, 

4/1/2048

e

3,182,781

2,865,000

4.500%, 

4/1/2049

e

2,728,117

3,875,000

5.000%, 

4/1/2049

e

3,780,695

Federal

National

Mortgage

Association

Conventional

40-Yr.

Pass

Through

534,846

2.500%, 

3/1/2062

428,069

184,355

3.500%, 

7/1/2061

161,794

382,582

4.000%, 

12/1/2061

349,998

Total

54,697,773

U.S.

Government

&

Agencies

(2.0%)

U.S.

Treasury

Bonds

1,880,000

1.625%, 

11/15/2050

1,061,833

2,950,000

4.000%, 

11/15/2052

2,773,576

170,000

5.250%, 

11/15/2028

176,960

3,030,000

1.375%, 

11/15/2040

1,948,432

120,000

3.000%, 

5/15/2042

98,217

2,413,000

2.500%, 

5/15/2046

1,740,753

U.S.

Treasury

Notes

500,000

2.125%, 

7/31/2024

494,717

2,330,000

2.250%, 

11/15/2024

2,287,769

2,040,000

2.125%, 

11/30/2024

1,998,762

1,300,000

5.000%, 

9/30/2025

1,303,199

640,000

2.625%, 

1/31/2026

616,950

3,330,000

2.500%, 

2/28/2026

3,198,621

5,800,000

4.625%, 

2/28/2026

5,795,242

920,000

2.250%, 

11/15/2027

855,744

300,000

0.750%, 

1/31/2028

262,477

900,000

3.500%, 

1/31/2028

873,668

1,700,000

3.625%, 

3/31/2028

1,657,234

5,000,000

2.875%, 

5/15/2028

4,731,445

5,200,000

4.375%, 

8/31/2028

5,221,328

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

10

Principal

Amount

Long-Term

Fixed

Income

(4.6%)

Value

U.S.

Government

&

Agencies

(2.0%)

-

continued

$

125,000

0.875%, 

11/15/2030

$

101,177

90,000

1.375%, 

11/15/2031

73,512

2,500,000

2.875%, 

5/15/2032

2,269,824

5,100,000

3.375%, 

5/15/2033

4,777,664

Total

44,319,104

Total

Long-Term

Fixed

Income

(cost

$104,703,658)

100,711,114

Shares

Private

Equity

Funds

(

0.5%

)

Value

Secondary

(0.5%)

1

ASF

IX,

LP

*,a,f

1,932,106

1

Crown

Global

Secondaries

VI

Feeder

SA,

SICAV-RAIF

*,a,f

329,316

1

LCP

X

(Offshore),

LP

*,a,f

9,791,161

Total

12,052,583

Total

Private

Equity

Funds

(cost

$9,326,864)

12,052,583

Shares

Collateral

Held

for

Securities

Loaned

(

<0.1%

)

Value

592,665

Thrivent

Cash

Management

Trust

592,665

Total

Collateral

Held

for

Securities

Loaned

(cost

$592,665)

592,665

Shares

or

Principal

Amount

Short-Term

Investments

(

12.4%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

3,200,000

5.227%,

4/3/2024

g,h

3,197,237

1,700,000

5.210%,

4/10/2024

g,h

1,696,820

8,600,000

5.205%,

4/12/2024

g,h

8,581,438

800,000

5.214%,

4/17/2024

g,h

797,698

400,000

5.230%,

5/8/2024

g,h

397,622

3,300,000

5.210%,

5/21/2024

g,h

3,274,161

800,000

5.240%,

5/22/2024

g,h

793,620

1,600,000

5.230%,

6/7/2024

g,h

1,583,702

800,000

5.235%,

6/20/2024

g,h

790,359

Thrivent

Core

Short-Term

Reserve

Fund

25,226,499

5.590%

252,264,985

Total

Short-Term

Investments

(cost

$273,298,640)

273,377,642

Total

Investments

(cost

$1,766,142,360)

101.0%

$2,223,864,971

Other

Assets

and

Liabilities,

Net

(1.0%)

(23,059,047)

Total

Net

Assets

100.0%

$2,200,805,924

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

c

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

d

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

March

28,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

e

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

f

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

g

The

interest

rate

shown

reflects

the

yield.

h

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Aggressive

Allocation

Portfolio

as

of

March

28,

2024

was

$12,052,583

or

0.55%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

March

28,

2024.

Security

Acquisition

Date

Cost

ASF

IX,

LP 

3/18/2024

$

1,347,308

Crown

Global

Secondaries

VI

Feeder

SA,

SICAV-RAIF 

2/15/2024

320,000

LCP

X

(Offshore),

LP 

10/25/2023

7,659,556

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Aggressive

Allocation

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Common

Stock

$

590,982

Total

lending

$590,982

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$592,665

Net

amounts

due

to

counterparty

$1,683

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

ETF

-

Exchange

Traded

Fund

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

11

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Aggressive

Allocation

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

66,800,793

66,800,793

–

–

Consumer

Discretionary

115,036,204

115,036,204

–

–

Consumer

Staples

45,793,466

45,793,466

–

–

Energy

44,167,029

44,167,029

–

–

Financials

146,722,514

146,722,514

–

–

Health

Care

127,002,693

127,002,693

–

–

Industrials

146,359,137

143,281,540

3,077,597

–

Information

Technology

255,381,086

252,067,970

3,313,116

–

Materials

32,524,621

31,912,270

612,351

–

Real

Estate

34,981,165

34,981,165

–

–

Utilities

20,840,734

20,840,734

–

–

Registered

Investment

Companies

U.S.

Affiliated

590,480,801

590,480,801

–

–

U.S.

Unaffiliated

15,336,220

15,336,220

–

–

Long-Term

Fixed

Income

Commercial

Mortgage-Backed

Securities

1,694,237

–

1,694,237

–

Mortgage-Backed

Securities

54,697,773

–

54,697,773

–

U.S.

Government

&

Agencies

44,319,104

–

44,319,104

–

Private

Equity

Funds

Secondary

12,052,583

–

–

12,052,583

Short-Term

Investments

21,112,657

–

21,112,657

–

Subtotal

Investments

in

Securities

$1,775,302,817

$1,634,423,399

$128,826,835

$12,052,583

Other

Investments  *

Total

Affiliated

Short-Term

Investments

252,264,985

U.S.

Affiliated

Registered

Investment

Cos.

195,704,504

Collateral

Held

for

Securities

Loaned

592,665

Subtotal

Other

Investments

$448,562,154

Total

Investments

at

Value

$2,223,864,971

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Aggressive

Allocation

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

7,902,467

7,902,467

–

–

Total

Asset

Derivatives

$7,902,467

$7,902,467

$–

$–

Liability

Derivatives

Futures

Contracts

6,556,712

6,556,712

–

–

Total

Rate

of

Return

Swaps

3,018

–

3,018

–

Total

Liability

Derivatives

$6,559,730

$6,556,712

$3,018

$–

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

12

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

S&P

-

Standard

&

Poor's

Reference

Description:

S&P

-

Standard

&

Poor's

The

following

table

presents

Aggressive

Allocation

Portfolio's

futures

contracts

held

as

of

March

28,

2024.

Investments

and/or

cash

totaling

$21,112,657

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Amount

Value

and

Unrealized

CBOT

10-Yr.

U.S.

Treasury

Note

15

June

2024

$

1,656,370

$

5,583

CBOT

2-Yr.

U.S.

Treasury

Note

34

June

2024

6,962,183

(

9,714)

CBOT

5-Yr.

U.S.

Treasury

Note

5

June

2024

534,466

612

CME

E-mini

Russell

2000

Index

9

June

2024

948,932

16,723

CME

E-mini

S&P

500

Index

1,787

June

2024

466,885,905

7,428,570

CME

E-mini

S&P

Mid-Cap

400

Index

4

June

2024

1,193,494

37,466

CME

Ultra

Long

Term

U.S.

Treasury

Bond

7

June

2024

894,106

8,894

ICE

mini

MSCI

EAFE

Index

180

June

2024

21,260,801

(

46,901)

Total

Futures

Long

Contracts

$

500,336,257

$

7,441,233

CME

E-mini

Russell

2000

Index

(466)

June

2024

(

$

49,191,923)

(

$

807,547)

CME

E-mini

S&P

Mid-Cap

400

Index

(659)

June

2024

(

197,597,325)

(

5,203,335)

CME

Euro

Foreign

Exchange

Currency

(156)

June

2024

(

21,439,497)

337,572

Eurex

Euro

STOXX

50

Index

(399)

June

2024

(

21,240,532)

(

489,215)

ICE

US

mini

MSCI

Emerging

Markets

Index

(467)

June

2024

(

24,560,762)

66,612

Ultra

10-Yr.

U.S.

Treasury

Note

(1)

June

2024

(

115,044)

435

Total

Futures

Short

Contracts

(

$

314,145,083)

($6,095,478)

Total

Futures

Contracts

$

186,191,174

$1,345,755

The

following

table

presents

Aggressive

Allocation

Portfolio's

total

rate

of

return

swap

contracts

held

as

of

March

28,

2024.

Total

Rate

of

Return

Swaps                

Reference

Entity

Fund

Pays

Fund

Receives

Counter-

party

Termination

Date

Notional

Principal

Amount

Value

Upfront

Payments/

(Receipts)

Unrealized

Gain/(Loss)

S&P

500

Total

Return

Index

Swap

Total

Return

SOFRRATE

1

day

+

54

bps

Goldman

Sachs

&

Co.

LLC

6/10/2024

$

99,744

(

$

3,018)

$

–

(

$

3,018)

Total

Rate

of

Return

Swaps

(

$

3,018)

$

–

($3,018)

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

13

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Aggressive

Allocation

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Equity

$44,274

$–

$–

$46,152

5,077

2.1%

Core

International

Equity

52,529

–

–

55,228

5,191

2.5

Core

Low

Volatility

Equity

19,374

–

18,000

1,516

137

0.1

Core

Mid

Cap

Value

63,109

–

–

67,154

5,948

3.1

Core

Small

Cap

Value

24,194

–

–

25,655

2,434

1.2

Global

Stock

79,405

–

–

86,042

5,783

3.9

International

Allocation

146,803

–

–

153,703

15,478

7.0

International

Index

11,899

–

–

12,580

895

0.6

Large

Cap

Value

105,849

–

–

115,154

4,816

5.2

Mid

Cap

Stock

125,563

–

–

140,567

6,385

6.3

Small

Cap

Stock

77,584

–

–

82,435

4,366

3.7

Total

U.S.

Affiliated

Registered

Investment

Companies

750,583

786,186

35.7

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

229,700

81,219

58,654

252,265

25,226

11.5

Total

Affiliated

Short-Term

Investments

229,700

252,265

11.5

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

131

8,456

7,994

593

593

<0.1

Total

Collateral

Held

for

Securities

Loaned

131

593

<0.1

Total

Value

$980,414

$1,039,044

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Equity

$–

$1,878

$

–

$–

Core

International

Equity

–

2,699

–

–

Core

Low

Volatility

Equity

508

(366)

–

–

Core

Mid

Cap

Value

Fund

–

4,045

–

–

Core

Small

Cap

Value

Fund

–

1,461

–

–

Global

Stock

–

6,637

–

–

International

Allocation

–

6,900

–

–

International

Index

–

681

–

–

Large

Cap

Value

–

9,305

–

–

Mid

Cap

Stock

–

15,004

–

–

Small

Cap

Stock

–

4,851

–

–

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

–

–

–

3,506

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$3,506

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

0

Total

Affiliated

Income

from

Securities

Loaned,

Net

$0

Total

Value

$508

$53,095

$

–

All

Cap

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

14

Shares

Common

Stock

(

94

.4

%

)

Value

Communications

Services

(6.1%)

27,959

Alphabet,

Inc.,

Class

C

a

$

4,257,037

18,787

Comcast

Corporation

814,417

10,289

Meta

Platforms,

Inc.

4,996,133

2,010

Netflix,

Inc.

a

1,220,733

Total

11,288,320

Consumer

Discretionary

(8.6%)

30,689

Amazon.com,

Inc.

a

5,535,682

1,487

Deckers

Outdoor

Corporation

a

1,399,654

6,521

Grand

Canyon

Education,

Inc.

a

888,225

1,984

Home

Depot,

Inc.

761,062

10,965

Lowe's

Companies,

Inc.

2,793,114

4,499

McDonald's

Corporation

1,268,493

160

NVR,

Inc.

a

1,295,994

1,152

Tesla,

Inc.

a

202,510

1,795

Texas

Roadhouse,

Inc.

277,274

4,730

Tractor

Supply

Company

1,237,936

4,909

Wyndham

Hotels

&

Resorts,

Inc.

376,766

Total

16,036,710

Consumer

Staples

(6.0%)

19,599

BJ's

Wholesale

Club

Holdings,

Inc.

a

1,482,664

2,700

Casey's

General

Stores,

Inc.

859,815

14,520

Celsius

Holdings,

Inc.

a

1,203,999

96,172

Coty,

Inc.

a

1,150,217

3,976

Kenvue,

Inc.

85,325

3,829

Lamb

Weston

Holdings,

Inc.

407,903

23,160

Philip

Morris

International,

Inc.

2,121,919

20,603

Sysco

Corporation

1,672,552

12,760

Turning

Point

Brands,

Inc.

373,868

29,520

Walmart,

Inc.

1,776,218

Total

11,134,480

Energy

(2.9%)

3,445

Chesapeake

Energy

Corporation

306,020

6,186

ConocoPhillips

787,354

11,928

Devon

Energy

Corporation

598,547

5,588

Exxon

Mobil

Corporation

649,549

65,266

NOV,

Inc.

1,273,992

3,086

Pioneer

Natural

Resources

Company

810,075

39,563

TechnipFMC

plc

993,427

Total

5,418,964

Financials

(13.4%)

30,791

Ally

Financial,

Inc.

1,249,807

6,760

American

Express

Company

1,539,185

5,486

Ameriprise

Financial,

Inc.

2,405,282

5,983

Arch

Capital

Group,

Ltd.

a

553,069

30,010

Bank

of

America

Corporation

1,137,979

4,711

Berkshire

Hathaway,

Inc.

a

1,981,070

19,850

Cadence

Bank

575,650

10,404

Charles

Schwab

Corporation

752,625

26,158

Equitable

Holdings,

Inc.

994,266

4,280

Houlihan

Lokey,

Inc.

548,653

9,080

Intercontinental

Exchange,

Inc.

1,247,864

13,838

J.P.

Morgan

Chase

&

Company

2,771,751

1,160

Kinsale

Capital

Group,

Inc.

608,698

6,944

Marsh

&

McLennan

Companies,

Inc.

1,430,325

6,000

Mastercard,

Inc.

2,889,420

10,009

Northern

Trust

Corporation

890,000

21,029

Old

National

Bancorp

366,115

33,828

Wells

Fargo

&

Company

1,960,671

Shares

Common

Stock

(94.4%)

Value

Financials

(13.4%)

-

continued

1,880

Zurich

Insurance

Group

AG

$

1,015,603

Total

24,918,033

Health

Care

(12.6%)

7,356

Abbott

Laboratories

836,083

2,696

Amgen,

Inc.

766,527

24,979

AstraZeneca

plc

ADR

1,692,327

1,294

Biogen,

Inc.

a

279,025

7,520

Bio-Techne

Corporation

529,333

3,507

Cencora,

Inc.

852,166

3,953

Charles

River

Laboratories

International,

Inc.

a

1,071,065

5,728

Danaher

Corporation

1,430,396

4,160

Dexcom,

Inc.

a

576,992

2,389

Elevance

Health,

Inc.

1,238,792

9,270

Halozyme

Therapeutics,

Inc.

a

377,104

2,830

HCA

Healthcare,

Inc.

943,890

790

Humana,

Inc.

273,909

3,030

IQVIA

Holding,

Inc.

a

766,257

10,821

Johnson

&

Johnson

1,711,774

6,621

Laboratory

Corporation

of

America

Holdings

1,446,424

4,083

Masimo

Corporation

a

599,588

19,400

Merck

&

Company,

Inc.

2,559,830

13,040

Novo

Nordisk

AS

ADR

1,674,336

8,043

Option

Care

Health,

Inc.

a

269,762

40,587

Teva

Pharmaceutical

Industries,

Ltd.

ADR

a

572,683

3,599

UnitedHealth

Group,

Inc.

1,780,425

8,661

Zimmer

Biomet

Holdings,

Inc.

1,143,079

Total

23,391,767

Industrials

(11.6%)

5,010

Advanced

Drainage

Systems,

Inc.

862,922

12,983

Badger

Infrastructure

Solutions,

Ltd.

481,154

2,747

Caterpillar,

Inc.

1,006,583

46,029

CSX

Corporation

1,706,295

5,673

Cummins,

Inc.

1,671,549

13,941

Fastenal

Company

1,075,409

34,117

Fluor

Corporation

a

1,442,467

4,076

General

Dynamics

Corporation

1,151,429

4,188

Honeywell

International,

Inc.

859,587

13,583

Howmet

Aerospace,

Inc.

929,485

41,270

Janus

International

Group,

Inc.

a

624,415

13,865

Knight-Swift

Transportation

Holdings,

Inc.

762,852

61,913

Masterbrand,

Inc.

a

1,160,250

5,811

Maximus,

Inc.

487,543

2,690

Middleby

Corporation

a

432,525

14,495

Moog,

Inc.

2,314,127

7,772

Simpson

Manufacturing

Company,

Inc.

1,594,659

12,913

Timken

Company

1,128,983

10,215

TransUnion

815,157

12,137

Uber

Technologies,

Inc.

a

934,428

997

Veralto

Corporation

88,394

Total

21,530,213

Information

Technology

(25.5%)

3,383

Accenture

plc

1,172,582

5,092

Adobe,

Inc.

a

2,569,423

4,216

Advanced

Micro

Devices,

Inc.

a

760,946

32,711

Apple,

Inc.

5,609,282

20,237

Applied

Materials,

Inc.

4,173,477

All

Cap

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

15

Shares

Common

Stock

(94.4%)

Value

Information

Technology

(25.5%)

-

continued

4,251

Arista

Networks,

Inc.

a

$

1,232,705

7,720

Ciena

Corporation

a

381,754

9,480

Cognex

Corporation

402,142

7,850

Crane

NXT

Company

485,915

10,416

Descartes

Systems

Group,

Inc.

a

953,376

8,650

Entegris,

Inc.

1,215,671

569

Fair

Isaac

Corporation

a

711,028

7,805

Guidewire

Software,

Inc.

a

910,922

9,690

Lattice

Semiconductor

Corporation

a

758,049

1,490

Littelfuse,

Inc.

361,101

23,482

Microsoft

Corporation

9,879,347

4,679

NVIDIA

Corporation

4,227,757

2,146

Palo

Alto

Networks,

Inc.

a

609,743

8,499

QUALCOMM,

Inc.

1,438,881

9,712

Salesforce,

Inc.

2,925,060

36,608

Samsung

Electronics

Company,

Ltd.

2,200,050

2,753

ServiceNow,

Inc.

a

2,098,887

11,565

Shopify,

Inc.

a

892,471

2,338

Tyler

Technologies,

Inc.

a

993,673

2,863

Universal

Display

Corporation

482,272

Total

47,446,514

Materials

(3.4%)

6,300

Ball

Corporation

424,368

13,270

Carpenter

Technology

Corporation

947,743

19,141

Corteva,

Inc.

1,103,861

10,805

PPG

Industries,

Inc.

1,565,645

3,563

Steel

Dynamics,

Inc.

528,144

20,258

Summit

Materials,

Inc.

a

902,899

51,924

Tronox

Holdings

plc

900,881

Total

6,373,541

Real

Estate

(2.4%)

6,040

Agree

Realty

Corporation

345,005

3,490

Alexandria

Real

Estate

Equities,

Inc.

449,896

4,390

AvalonBay

Communities,

Inc.

814,608

2,686

Extra

Space

Storage,

Inc.

394,842

5,780

FirstService

Corporation

958,324

5,529

Prologis,

Inc.

719,986

3,897

SBA

Communications

Corporation

844,480

Total

4,527,141

Utilities

(1.9%)

7,851

Alliant

Energy

Corporation

395,691

13,890

CenterPoint

Energy,

Inc.

395,726

7,265

Duke

Energy

Corporation

702,598

9,040

NextEra

Energy,

Inc.

577,746

13,499

NiSource,

Inc.

373,382

6,643

Northwestern

Energy

Group,

Inc.

338,328

7,947

Portland

General

Electric

Company

333,774

5,283

Spire,

Inc.

324,218

Total

3,441,463

Total

Common

Stock

(cost

$125,828,445)

175,507,146

Shares

Registered

Investment

Companies

(

2

.5

%

)

Value

U.S.

Unaffiliated  (2.5%)

8,880

iShares

Biotechnology

ETF

b

1,218,514

Shares

Registered

Investment

Companies

(2.5%)

Value

U.S.

Unaffiliated  (2.5%)-

continued

30,163

SPDR

Portfolio

S&P

1500

Composite

Stock

Market

ETF

$

1,934,956

6,064

SPDR

S&P

Semiconductor

ETF

1,407,454

Total

4,560,924

Total

Registered

Investment

Companies

(cost

$3,960,638)

4,560,924

Shares

Collateral

Held

for

Securities

Loaned

(

0

.6

%

)

Value

1,182,300

Thrivent

Cash

Management

Trust

1,182,300

Total

Collateral

Held

for

Securities

Loaned

(cost

$1,182,300)

1,182,300

Shares

Short-Term

Investments

(

3

.0

%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

554,395

5.590%

5,543,945

Total

Short-Term

Investments

(cost

$5,543,494)

5,543,945

Total

Investments

(cost

$136,514,877)

100.5%

$

186,794,315

Other

Assets

and

Liabilities,

Net

(0.5%)

(

971,699

)

Total

Net

Assets

100.0%

$

185,822,616

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

All

Cap

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Common

Stock

$

1,152,648

Total

lending

$1,152,648

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$1,182,300

Net

amounts

due

to

counterparty

$29,652

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

ETF

-

Exchange

Traded

Fund

plc

-

Public

Limited

Company

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

All

Cap

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

16

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

All

Cap

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

11,288,320

11,288,320

–

–

Consumer

Discretionary

16,036,710

16,036,710

–

–

Consumer

Staples

11,134,480

11,134,480

–

–

Energy

5,418,964

5,418,964

–

–

Financials

24,918,033

23,902,430

1,015,603

–

Health

Care

23,391,767

23,391,767

–

–

Industrials

21,530,213

21,049,059

481,154

–

Information

Technology

47,446,514

45,246,464

2,200,050

–

Materials

6,373,541

6,373,541

–

–

Real

Estate

4,527,141

4,527,141

–

–

Utilities

3,441,463

3,441,463

–

–

Registered

Investment

Companies

U.S.

Unaffiliated

4,560,924

4,560,924

–

–

Subtotal

Investments

in

Securities

$

180,068,070

$

176,371,263

$

3,696,807

$

–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

5,543,945

Collateral

Held

for

Securities

Loaned

1,182,300

Subtotal

Other

Investments

$

6,726,245

Total

Investments

at

Value

$

186,794,315

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

All

Cap

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$

5,135

$

5,851

$

5,442

$

5,544

554

3.0%

Total

Affiliated

Short-Term

Investments

5,135

5,544

3.0

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

848

7,486

7,152

1,182

1,182

0.6

Total

Collateral

Held

for

Securities

Loaned

848

1,182

0.6

Total

Value

$

5,983

$

6,726

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$–

$–

$

–

$

67

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$

67

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

10

Total

Affiliated

Income

from

Securities

Loaned,

Net

$

10

Total

Value

$–

$–

$

–

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

17

Principal

Amount

Long-Term

Fixed

Income

(

47

.6

%

)

Value

Asset-Backed

Securities

(3.8%)

510

Asset

Backed

Trust

$

200,000

3.967%, 

5/25/2061,

Ser.

2021-NPL1,

Class

A2

a,b

$

184,627

206,499

2.116%, 

6/25/2061,

Ser.

2021-NPL2,

Class

A1

a,b

200,417

200,000

4.090%, 

6/25/2061,

Ser.

2021-NPL2,

Class

A2

a,b

196,170

720

East

CLO

I,

Ltd.

500,000

9.568%, 

(TSFR3M

+

4.250%),

1/20/2036,

Ser.

2022-1A,

Class

C

a,c

504,923

Affirm

Asset

Securitization

Trust

550,000

4.300%, 

5/17/2027,

Ser.

2022-A,

Class

1A

a

546,474

650,000

6.610%, 

1/18/2028,

Ser.

2023-A,

Class

A

a

653,929

225,000

6.820%, 

9/15/2028,

Ser.

2023-B,

Class

A

a

228,353

281,703

7.110%, 

11/15/2028,

Ser.

2023-X1,

Class

A

a

283,036

250,000

5.610%, 

2/15/2029,

Ser.

2024-A,

Class

A

a

249,406

Anchorage

Capital

CLO

21,

Ltd.

250,000

7.979%, 

(TSFR3M

+

2.662%),

10/20/2034,

Ser.

2021-21A,

Class

C

a,c

249,466

Ares

XL

CLO,

Ltd.

250,000

8.376%, 

(TSFR3M

+

3.062%),

1/15/2029,

Ser.

2016-40A,

Class

CRR

a,c

249,581

Barings

CLO,

Ltd.

400,000

8.729%, 

(TSFR3M

+

3.412%),

1/20/2032,

Ser.

2016-2A,

Class

DR2

a,c

400,088

Business

Jet

Securities,

LLC

223,400

4.455%, 

6/15/2037,

Ser.

2022-1A,

Class

A

a

215,184

CarVal

CLO,

Ltd.

350,000

9.018%, 

(TSFR3M

+

3.700%),

4/21/2034,

Ser.

2022-1A,

Class

D

a,c

350,087

Cascade

Funding

Mortgage

Trust,

LLC

272,416

4.250%, 

4/25/2033,

Ser.

2023-HB12,

Class

A

a,c

266,363

College

Avenue

Student

Loans,

LLC

76,851

7.094%, 

(TSFR1M

+

1.764%),

11/26/2046,

Ser.

2017-A,

Class

A1

a,c

77,489

FirstKey

Homes

Trust

650,000

1.968%, 

10/19/2037,

Ser.

2020-SFR2,

Class

D

a

606,343

GMAC

Mortgage

Corporation

Loan

Trust

26,187

5.944%, 

(TSFR1M

+

0.614%),

8/25/2035,

Ser.

2005-HE1,

Class

A2

c,d

14,256

GSAA

Home

Equity

Trust

76,740

4.480%, 

8/25/2034,

Ser.

2004-10,

Class

M2

c

68,817

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Asset-Backed

Securities

(3.8%)

-

continued

Longfellow

Place

CLO,

Ltd.

$

181,806

7.876%, 

(TSFR3M

+

2.562%),

4/15/2029,

Ser.

2013-1A,

Class

CR3

a,c

$

181,782

Madison

Park

Funding

XVIII,

Ltd.

650,000

7.479%, 

(TSFR3M

+

2.162%),

10/21/2030,

Ser.

2015-18A,

Class

CRR

a,c

649,759

MetroNet

Infrastructure

Issuer,

LLC

400,000

6.230%, 

4/20/2054,

Ser.

2024-1A,

Class

A2

a

400,320

Neuberger

Berman

CLO,

Ltd.

350,000

8.576%, 

(TSFR3M

+

3.262%),

10/15/2029,

Ser.

2013-15A,

Class

DR2

a,c

347,749

OZLM

VIII,

Ltd.

300,000

7.228%, 

(TSFR3M

+

1.912%),

10/17/2029,

Ser.

2014-8A,

Class

A2R3

a,c

298,320

Pagaya

AI

Debt

Trust

177,906

7.556%, 

7/15/2030,

Ser.

2023-1,

Class

A

a

178,724

Pagaya

AI

Technology

in

Housing

Trust

400,000

4.250%, 

8/25/2025,

Ser.

2022-1,

Class

B

a

386,677

Preferred

Term

Securities

XXIII,

Ltd./Preferred

Term

Securities

XXIII,

Inc.

28,657

5.791%, 

(TSFR3M

+

0.462%),

12/22/2036,

Ser.

A-FP

a,c

28,443

Pretium

Mortgage

Credit

Partners,

LLC

450,000

5.438%, 

1/25/2052,

Ser.

2022-NPL1,

Class

A2

a,b

416,335

350,000

7.143%, 

3/25/2054,

Ser.

2024-RN1,

Class

A1

a,b,e

350,000

250,000

3.844%, 

6/27/2060,

Ser.

2021-NPL2,

Class

A2

a,b

225,798

275,000

3.721%, 

7/25/2051,

Ser.

2021-NPL3,

Class

A2

a,b

251,674

276,116

2.487%, 

10/25/2051,

Ser.

2021-NPL5,

Class

A1

a,b

270,219

Progress

Residential

Trust

550,000

3.600%, 

4/17/2039,

Ser.

2022-SFR3,

Class

B

a

519,943

RCO

VII

Mortgage,

LLC

383,945

7.021%, 

1/25/2029,

Ser.

2024-1,

Class

A1

a,b

382,797

Sculptor

CLO,

Ltd.

425,000

7.979%, 

(TSFR3M

+

2.662%),

1/20/2035,

Ser.

28A,

Class

C

a,c

422,419

Silver

Point

CLO

2,

Ltd.

500,000

8.018%, 

(TSFR3M

+

2.700%),

4/20/2035,

Ser.

2023-2A,

Class

A2

a,c

502,487

Stanwich

Mortgage

Loan

Company,

LLC

416,167

2.735%, 

10/16/2026,

Ser.

2021-NPB1,

Class

A1

a,b

403,261

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

18

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Asset-Backed

Securities

(3.8%)

-

continued

Stratus

CLO,

Ltd.

$

425,000

8.079%, 

(TSFR3M

+

2.762%),

12/29/2029,

Ser.

2021-1A,

Class

D

a,c

$

425,010

Stratus

Static

CLO,

Ltd.

500,000

7.218%, 

(TSFR3M

+

1.900%),

10/20/2031,

Ser.

2022-3A,

Class

BR

a,c

499,967

Unlock

HEA

Trust

337,372

7.000%, 

10/25/2038,

Ser.

2023-1,

Class

A

a

330,958

Upstart

Securitization

Trust

222,407

6.770%, 

6/20/2033,

Ser.

2023-2,

Class

A

a

222,808

Vericrest

Opportunity

Loan

Transferee

202,423

4.826%, 

2/27/2051,

Ser.

2021-NPL2,

Class

A2

a,b

181,077

253,106

4.949%, 

2/27/2051,

Ser.

2021-NPL3,

Class

A2

a,b

225,563

351,408

4.826%, 

4/25/2051,

Ser.

2021-NPL6,

Class

A2

a,b

305,083

200,825

4.949%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A2

a,b

178,838

216,460

5.116%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A1

a,b

210,601

350,000

4.826%, 

5/25/2051,

Ser.

2021-NPL9,

Class

A2

a,b

300,687

250,000

5.438%, 

12/26/2051,

Ser.

2021-NP12,

Class

A2

a,b

211,707

Whitebox

CLO

III,

Ltd.

300,000

7.776%, 

(TSFR3M

+

2.462%),

10/15/2034,

Ser.

2021-3A,

Class

C

a,c

299,623

Whitebox

CLO

IV,

Ltd.

500,000

7.918%, 

(TSFR3M

+

2.600%),

4/20/2036,

Ser.

2023-4A,

Class

B

a,c

505,296

Wind

River

CLO,

Ltd.

200,000

7.579%, 

(TSFR3M

+

2.262%),

7/20/2030,

Ser.

2013-1A,

Class

BRR

a,c

199,997

Total

15,858,931

Basic

Materials

(0.7%)

Anglo

American

Capital

plc

60,000

3.875%, 

3/16/2029

a

56,132

ATI,

Inc.

57,000

7.250%, 

8/15/2030

58,917

ATI,

Inc.,

Convertible

63,000

3.500%, 

6/15/2025

208,814

Baffinland

Iron

Mines

Corporation/

Baffinland

Iron

Mines,

LP

11,000

8.750%, 

7/15/2026

a

10,145

Cascades,

Inc./Cascades

USA,

Inc.

57,000

5.125%, 

1/15/2026

a

55,871

Chemours

Company

120,000

5.750%, 

11/15/2028

a

110,652

Cleveland-Cliffs,

Inc.

35,000

5.875%, 

6/1/2027

34,938

80,000

4.625%, 

3/1/2029

a

74,576

Consolidated

Energy

Finance

SA

165,000

5.625%, 

10/15/2028

a

138,475

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Basic

Materials

(0.7%)

-

continued

Ecolab,

Inc.

$

54,000

2.125%, 

2/1/2032

$

44,847

EIDP,

Inc.

33,000

4.500%, 

5/15/2026

32,620

First

Quantum

Minerals,

Ltd.

161,000

6.875%, 

10/15/2027

a

154,361

FMC

Corporation

36,000

5.150%, 

5/18/2026

35,771

Glencore

Funding,

LLC

40,000

5.893%, 

4/4/2054

a,f

40,525

67,000

4.000%, 

3/27/2027

a

64,768

78,000

6.125%, 

10/6/2028

a

80,603

Hecla

Mining

Company

25,000

7.250%, 

2/15/2028

25,027

Hudbay

Minerals,

Inc.

105,000

4.500%, 

4/1/2026

a

101,707

Illuminate

Buyer,

LLC/Illuminate

Holdings

IV,

Inc.

73,000

9.000%, 

7/1/2028

a

72,014

Innophos

Holdings,

Inc.

27,000

9.375%, 

2/15/2028

a

22,520

International

Flavors

&

Fragrances,

Inc.

62,000

1.230%, 

10/1/2025

a

58,032

Mercer

International,

Inc.

33,000

5.125%, 

2/1/2029

29,006

Methanex

Corporation

43,000

4.250%, 

12/1/2024

42,628

Mineral

Resources,

Ltd.

16,000

9.250%, 

10/1/2028

a

16,851

Mosaic

Company

60,000

5.375%, 

11/15/2028

60,721

Newmont

Corporation/Newcrest

Finance,

Pty.

Ltd.

59,000

5.350%, 

3/15/2034

a

59,376

Novelis

Corporation

30,000

3.250%, 

11/15/2026

a

27,953

65,000

4.750%, 

1/30/2030

a

59,971

30,000

3.875%, 

8/15/2031

a

25,770

Nutrien,

Ltd.

86,000

4.000%, 

12/15/2026

83,373

OCI

NV

55,000

4.625%, 

10/15/2025

a

53,724

Olin

Corporation

115,000

5.125%, 

9/15/2027

112,341

Peabody

Energy

Corporation,

Convertible

83,000

3.250%, 

3/1/2028

g

117,072

SCIL

IV,

LLC/SCIL

USA

Holdings,

LLC

57,000

5.375%, 

11/1/2026

a

55,320

Smurfit

Kappa

Treasury,

ULC

61,000

5.777%, 

4/3/2054

a,f

61,701

SNF

Group

SACA

72,000

3.375%, 

3/15/2030

a

62,324

SunCoke

Energy,

Inc.

75,000

4.875%, 

6/30/2029

a

67,905

Taseko

Mines,

Ltd.

100,000

7.000%, 

2/15/2026

a

100,409

Tronox,

Inc.

28,000

4.625%, 

3/15/2029

a

25,114

Unifrax

Escrow

Issuer

Corporation

64,000

5.250%, 

9/30/2028

a

41,272

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

19

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Basic

Materials

(0.7%)

-

continued

United

States

Steel

Corporation

$

81,000

6.875%, 

3/1/2029

g

$

81,777

Westlake

Corporation

45,000

3.600%, 

8/15/2026

43,246

Total

2,709,169

Capital

Goods

(1.3%)

AAR

Escrow

Issuer,

LLC

68,000

6.750%, 

3/15/2029

a

68,523

Advanced

Drainage

Systems,

Inc.

72,000

6.375%, 

6/15/2030

a

72,373

AECOM

56,000

5.125%, 

3/15/2027

55,012

Amcor

Finance

USA,

Inc.

41,000

5.625%, 

5/26/2033

42,103

Amsted

Industries,

Inc.

52,000

5.625%, 

7/1/2027

a

51,219

20,000

4.625%, 

5/15/2030

a

18,265

ARD

Finance

SA

23,000

6.500%, 

6/30/2027

a

7,697

Ardagh

Packaging

Finance

plc/

Ardagh

Holdings

USA,

Inc.

75,000

5.250%, 

8/15/2027

a,g

47,250

26,000

5.250%, 

8/15/2027

a,g

16,380

Boeing

Company

121,000

5.930%, 

5/1/2060

113,442

113,000

4.875%, 

5/1/2025

111,745

52,000

2.196%, 

2/4/2026

48,682

67,000

3.250%, 

3/1/2028

61,413

83,000

5.150%, 

5/1/2030

80,303

Bombardier,

Inc.

81,000

7.875%, 

4/15/2027

a

81,057

60,000

6.000%, 

2/15/2028

a

59,020

Brand

Industrial

Services,

Inc.

64,000

10.375%, 

8/1/2030

a

69,290

Builders

FirstSource,

Inc.

45,000

5.000%, 

3/1/2030

a

42,938

Canpack

SA/Canpack

US,

LLC

114,000

3.875%, 

11/15/2029

a

100,884

Carrier

Global

Corporation

75,000

2.722%, 

2/15/2030

66,324

Chart

Industries,

Inc.

87,000

7.500%, 

1/1/2030

a

90,345

Chart

Industries,

Inc.,

Convertible

52,000

1.000%, 

11/15/2024

145,959

Clean

Harbors,

Inc.

116,000

6.375%, 

2/1/2031

a

116,852

Clydesdale

Acquisition

Holdings,

Inc.

10,000

6.625%, 

4/15/2029

a

9,992

20,000

8.750%, 

4/15/2030

a

19,651

Cornerstone

Building

Brands,

Inc.

50,000

6.125%, 

1/15/2029

a

44,568

Covanta

Holding

Corporation

53,000

4.875%, 

12/1/2029

a

47,501

CP

Atlas

Buyer,

Inc.

95,000

7.000%, 

12/1/2028

a,g

89,158

Crown

Cork

&

Seal

Company,

Inc.

65,000

7.375%, 

12/15/2026

68,193

EMRLD

Borrower,

LP/Emerald

Co-

Issuer,

Inc.

142,000

6.625%, 

12/15/2030

a

143,362

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Capital

Goods

(1.3%)

-

continued

ESAB

Corporation

$

53,000

6.250%, 

4/15/2029

a,f

$

53,248

Fluor

Corporation,

Convertible

195,000

1.125%, 

8/15/2029

a

219,277

GFL

Environmental,

Inc.

88,000

4.000%, 

8/1/2028

a

81,108

63,000

3.500%, 

9/1/2028

a

57,708

Greenbrier

Companies,

Inc.,

Convertible

115,000

2.875%, 

4/15/2028

g

127,454

H&E

Equipment

Services,

Inc.

155,000

3.875%, 

12/15/2028

a

141,900

Herc

Holdings,

Inc.

72,000

5.500%, 

7/15/2027

a

70,718

Honeywell

International,

Inc.

80,000

5.250%, 

3/1/2054

80,721

Howmet

Aerospace,

Inc.

61,000

6.750%, 

1/15/2028

63,752

Huntington

Ingalls

Industries,

Inc.

67,000

4.200%, 

5/1/2030

62,805

Ingersoll

Rand,

Inc.

20,000

5.700%, 

8/14/2033

20,517

John

Deere

Capital

Corporation

52,000

4.500%, 

1/16/2029

51,485

38,000

4.700%, 

6/10/2030

37,790

44,000

3.900%, 

6/7/2032

41,317

21,000

5.150%, 

9/8/2033

21,447

L3Harris

Technologies,

Inc.

36,000

5.400%, 

1/15/2027

36,257

Lockheed

Martin

Corporation

54,000

5.200%, 

2/15/2064

53,395

Mauser

Packaging

Solutions

Holding

Company

60,000

9.250%, 

4/15/2027

a,g

59,522

Miter

Brands

Acquisition

Holdco,

Inc./MIWD

Borrower,

LLC

17,000

6.750%, 

4/1/2032

a

17,058

MIWD

Holdco

II,

LLC

39,000

5.500%, 

2/1/2030

a

35,892

Mueller

Water

Products,

Inc.

49,000

4.000%, 

6/15/2029

a

44,445

Nesco

Holdings

II,

Inc.

75,000

5.500%, 

4/15/2029

a

70,958

New

Enterprise

Stone

and

Lime

Company,

Inc.

116,000

5.250%, 

7/15/2028

a

111,127

Northrop

Grumman

Corporation

79,000

5.200%, 

6/1/2054

76,938

22,000

4.700%, 

3/15/2033

21,477

OI

European

Group

BV

85,000

4.750%, 

2/15/2030

a

78,259

Otis

Worldwide

Corporation

47,000

2.056%, 

4/5/2025

45,444

Owens-Brockway

Glass

Container,

Inc.

46,000

6.625%, 

5/13/2027

a

46,026

Pactiv

Evergreen

Group

55,000

4.375%, 

10/15/2028

a

51,308

Parker-Hannifin

Corporation

36,000

4.250%, 

9/15/2027

35,302

Patrick

Industries,

Inc.,

Convertible

66,000

1.750%, 

12/1/2028

85,204

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

20

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Capital

Goods

(1.3%)

-

continued

PGT

Innovations,

Inc.

$

73,000

4.375%, 

10/1/2029

a

$

74,126

Republic

Services,

Inc.

37,000

3.950%, 

5/15/2028

35,778

43,000

5.000%, 

12/15/2033

42,707

Roller

Bearing

Company

of

America,

Inc.

65,000

4.375%, 

10/15/2029

a

59,515

Rolls-Royce

plc

40,000

5.750%, 

10/15/2027

a

40,109

RTX

Corporation

61,000

5.750%, 

1/15/2029

63,118

Sealed

Air

Corporation

73,000

6.125%, 

2/1/2028

a

73,151

Smyrna

Ready

Mix

Concrete,

LLC

78,000

8.875%, 

11/15/2031

a

83,373

Spirit

AeroSystems,

Inc.

84,000

9.750%, 

11/15/2030

a

93,960

SRM

Escrow

Issuer,

LLC

49,000

6.000%, 

11/1/2028

a

47,891

Summit

Materials,

LLC/Summit

Materials

Finance

Corporation

23,000

7.250%, 

1/15/2031

a

23,906

Textron,

Inc.

67,000

3.650%, 

3/15/2027

64,295

Titan

Acquisition,

Ltd./Titan

Co-

Borrower,

LLC

30,000

7.750%, 

4/15/2026

a,g

29,964

TransDigm,

Inc.

147,000

5.500%, 

11/15/2027

143,877

95,000

7.125%, 

12/1/2031

a

97,903

79,000

6.625%, 

3/1/2032

a

79,813

Triumph

Group,

Inc.

77,000

9.000%, 

3/15/2028

a

81,176

Trivium

Packaging

Finance

42,000

5.500%, 

8/15/2026

a

41,411

36,000

8.500%, 

8/15/2027

a

35,551

United

Rentals

North

America,

Inc.

70,000

4.875%, 

1/15/2028

68,121

85,000

4.000%, 

7/15/2030

77,355

Veralto

Corporation

39,000

5.350%, 

9/18/2028

a

39,506

Waste

Connections,

Inc.

21,000

3.200%, 

6/1/2032

18,513

Waste

Management,

Inc.

36,000

4.875%, 

2/15/2029

36,337

Waste

Pro

USA,

Inc.

35,000

5.500%, 

2/15/2026

a

34,471

WESCO

Distribution,

Inc.

54,000

7.250%, 

6/15/2028

a

55,131

28,000

6.375%, 

3/15/2029

a

28,288

20,000

6.625%, 

3/15/2032

a

20,324

Total

5,579,030

Collateralized

Mortgage

Obligations

(4.4%)

A&D

Mortgage

Trust

554,813

6.733%, 

7/25/2068,

Ser.

2023-NQM3,

Class

A1

a,b

555,922

Angel

Oak

Mortgage

Trust

247,698

5.985%, 

1/25/2069,

Ser.

2024-2,

Class

A1

a,b

246,826

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Collateralized

Mortgage

Obligations

(4.4%)

-

continued

Banc

of

America

Alternative

Loan

Trust

$

191,858

6.000%, 

11/25/2035,

Ser.

2005-10,

Class

3CB1

$

164,479

Banc

of

America

Mortgage

Securities

Trust

25,040

5.147%, 

9/25/2035,

Ser.

2005-H,

Class

2A1

c

21,891

56,488

5.236%, 

9/25/2035,

Ser.

2005-H,

Class

3A1

c

51,708

Bear

Stearns

Adjustable

Rate

Mortgage

Trust

47,005

4.746%, 

1/25/2034,

Ser.

2003-8,

Class

5A

c

39,873

CAFL

Issuer,

LLC

350,000

2.239%, 

3/28/2029,

Ser.

2021-RTL1,

Class

A1

a,b

335,770

CHL

Mortgage

Pass-Through

Trust

44,704

5.770%, 

12/20/2035,

Ser.

2005-HYB8,

Class

3A1

c

42,936

214,553

6.000%, 

11/25/2037,

Ser.

2007-18,

Class

1A2

92,913

CHNGE

Mortgage

Trust

231,101

3.757%, 

3/25/2067,

Ser.

2022-2,

Class

A1

a,c

216,558

315,752

5.000%, 

5/25/2067,

Ser.

2022-3,

Class

A1

a,c

307,487

330,418

6.525%, 

6/25/2058,

Ser.

2023-2,

Class

A1

a,b

328,186

414,917

5.820%, 

6/25/2067,

Ser.

2022-NQM1,

Class

A3

a,b

407,727

339,619

7.100%, 

7/25/2058,

Ser.

2023-3,

Class

A1

a,b

339,629

446,248

6.000%, 

10/25/2057,

Ser.

2022-4,

Class

A1

a,b

439,978

CIM

Trust

441,927

7.100%, 

4/25/2058,

Ser.

2023-I1,

Class

A3

a,b

440,050

Citigroup

Mortgage

Loan

Trust,

Inc.

74,877

5.500%, 

8/25/2034,

Ser.

2004-NCM2,

Class

1CB1

70,586

170,980

5.213%, 

4/25/2037,

Ser.

2007-AR5,

Class

1A1A

c

147,133

COLT

Mortgage

Loan

Trust

342,357

6.328%, 

12/25/2068,

Ser.

2024-INV1,

Class

A2

a,b

342,049

Countrywide

Home

Loan

Mortgage

Pass

Through

Trust

390,189

4.698%, 

11/25/2035,

Ser.

2005-22,

Class

2A1

c

311,679

Credit

Suisse

Mortgage

Trust

296,093

6.567%, 

8/25/2067,

Ser.

2022-ATH3,

Class

A3

a,c

291,466

212,119

2.572%, 

11/25/2066,

Ser.

2022-NQM1,

Class

A2

a,c

178,506

Cross

Mortgage

Trust

341,496

6.085%, 

12/25/2068,

Ser.

2024-H1,

Class

A1

a,b

341,031

Deutsche

Alt-A

Securities,

Inc.,

Mortgage

Loan

Trust

126,059

5.250%, 

6/25/2035,

Ser.

2005-3,

Class

4A6

111,123

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

21

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Collateralized

Mortgage

Obligations

(4.4%)

-

continued

$

79,338

4.053%, 

8/25/2035,

Ser.

2005-AR1,

Class

2A3

c

$

68,882

Federal

Home

Loan

Mortgage

Corporation

363,140

3.500%, 

8/15/2035,

Ser.

345,

Class

C8

h

36,803

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

616,993

4.000%, 

1/25/2051,

Ser.

5249,

Class

LA

589,683

421,774

Zero

Coupon, 

9/25/2053,

Ser.

5334,

Class

BO

333,721

148,434

3.000%, 

5/15/2027,

Ser.

4046,

Class

GI

h

3,954

258,705

3.500%, 

10/15/2032,

Ser.

4119,

Class

KI

h

23,247

276,841

3.000%, 

4/15/2033,

Ser.

4203,

Class

DI

h

12,891

Federal

National

Mortgage

Association

-

REMIC

373,624

4.500%, 

6/25/2052,

Ser.

2022-43,

Class

MA

365,136

445,044

4.000%, 

7/25/2052,

Ser.

2022-37,

Class

PE

424,677

199,742

3.000%, 

7/25/2027,

Ser.

2012-73,

Class

DI

h

5,598

161,983

3.000%, 

7/25/2027,

Ser.

2012-74,

Class

AI

h

4,634

266,535

3.000%, 

8/25/2027,

Ser.

2012-95,

Class

HI

h

5,585

441,949

3.000%, 

11/25/2027,

Ser.

2012-121,

Class

BI

h

14,915

371,534

3.000%, 

12/25/2027,

Ser.

2012-139,

Class

DI

h

11,574

123,923

2.500%, 

1/25/2028,

Ser.

2012-152,

Class

AI

h

3,707

335,837

3.000%, 

1/25/2028,

Ser.

2012-147,

Class

EI

h

9,469

158,155

3.000%, 

2/25/2028,

Ser.

2013-2,

Class

GI

h

5,472

370,256

3.000%, 

3/25/2028,

Ser.

2013-18,

Class

IL

h

9,635

154,237

2.500%, 

6/25/2028,

Ser.

2013-87,

Class

IW

h

5,219

160,497

3.000%, 

11/25/2031,

Ser.

2013-69,

Class

IO

h

3,194

274,061

3.000%, 

2/25/2033,

Ser.

2013-1,

Class

YI

h

22,323

342,438

4.500%, 

1/25/2046,

Ser.

2022-68,

Class

BA

334,053

Flagstar

Mortgage

Trust

145,932

2.500%, 

9/25/2041,

Ser.

2021-9INV,

Class

A1

a,c

127,652

GCAT

Trust

244,989

6.500%, 

1/25/2054,

Ser.

2024-INV1,

Class

2A2

a,c

247,076

291,395

4.250%, 

5/25/2067,

Ser.

2023-NQM4,

Class

A2

a,c

268,995

345,697

5.730%, 

8/25/2067,

Ser.

2022-NQM4,

Class

A3

a,b

342,606

GMAC

Mortgage

Corporation

Loan

Trust

72,277

3.725%, 

5/25/2035,

Ser.

2005-AR2,

Class

4A

c

59,098

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Collateralized

Mortgage

Obligations

(4.4%)

-

continued

GMACM

Mortgage

Loan

Trust

$

23,656

3.644%, 

11/19/2035,

Ser.

2005-AR6,

Class

1A1

c

$

20,556

GS

Mortgage-Backed

Securities

Trust

515,930

5.500%, 

10/27/2053,

Ser.

2023-PJ3,

Class

A16

a,c

507,708

Home

RE,

Ltd.

350,000

9.920%, 

(SOFR30A

+

4.600%),

10/25/2033,

Ser.

2023-1,

Class

M1B

a,c

363,275

325,000

8.820%, 

(SOFR30A

+

3.500%),

10/25/2034,

Ser.

2022-1,

Class

M1B

a,c

332,160

IndyMac

INDA

Mortgage

Loan

Trust

492,798

3.600%, 

8/25/2036,

Ser.

2006-AR1,

Class

A1

c

379,634

J.P.

Morgan

Mortgage

Trust

197,803

2.774%, 

5/25/2052,

Ser.

2021-LTV2,

Class

A2

a,c

163,038

525,647

5.000%, 

10/25/2053,

Ser.

2023-3,

Class

A4A

a,c

511,971

83,818

5.144%, 

2/25/2036,

Ser.

2006-A1,

Class

2A2

c

59,479

LHOME

Mortgage

Trust

350,000

7.628%, 

11/25/2028,

Ser.

2023-RTL4,

Class

A1

a,b

354,207

300,000

7.017%, 

1/25/2029,

Ser.

2024-RTL1,

Class

A1

a,b

301,085

Merrill

Lynch

Alternative

Note

Asset

Trust

249,066

6.000%, 

3/25/2037,

Ser.

2007-F1,

Class

2A1

91,213

MFRA

Trust

250,000

7.093%, 

2/25/2029,

Ser.

2024-RTL1,

Class

A1

a,b

250,079

MortgageIT

Trust

566,605

5.904%, 

(TSFR1M

+

0.574%),

6/25/2047,

Ser.

2007-1,

Class

1A1

c

464,043

NYMT

Loan

Trust

250,000

7.154%, 

2/25/2029,

Ser.

2024-BPL1,

Class

A1

a,b

247,698

Preston

Ridge

Partners

Mortgage

Trust,

LLC

345,016

4.000%, 

1/25/2054,

Ser.

2024-RCF1,

Class

A1

a,b

329,226

Pretium

Mortgage

Credit

Partners,

LLC

245,613

7.021%, 

2/25/2054,

Ser.

2024-NPL2,

Class

A1

a,b

244,788

PRKCM

Trust

433,442

7.087%, 

6/25/2058,

Ser.

2023-AFC2,

Class

A3

a

432,584

334,354

7.627%, 

11/25/2058,

Ser.

2023-AFC4,

Class

A2

a,b

341,290

Residential

Accredit

Loans,

Inc.

Trust

80,544

6.000%, 

8/25/2035,

Ser.

2005-QS10,

Class

2A

68,125

76,153

6.000%, 

1/25/2037,

Ser.

2007-QS1,

Class

1A1

57,907

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

22

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Collateralized

Mortgage

Obligations

(4.4%)

-

continued

Residential

Asset

Securitization

Trust

$

104,684

4.460%, 

1/25/2034,

Ser.

2004-IP1,

Class

A1

c

$

95,868

Residential

Funding

Mortgage

Security

I

Trust

145,205

6.000%, 

7/25/2037,

Ser.

2007-S7,

Class

A20

110,140

ROC

Securities

Trust

Series

435,258

3.487%, 

8/25/2026,

Ser.

2021-RTL1,

Class

A1

a,c

432,787

Saluda

Grade

Alternative

Mortgage

Trust

300,000

7.762%, 

4/25/2030,

Ser.

2024-RTL5,

Class

A1

a,b

300,209

Structured

Adjustable

Rate

Mortgage

Loan

Trust

50,648

4.565%, 

7/25/2035,

Ser.

2005-15,

Class

4A1

c

42,505

Toorak

Mortgage

Trust

400,000

7.333%, 

2/25/2031,

Ser.

2024-1,

Class

A1

a,b

398,467

Triangle

Re,

Ltd.

450,000

8.720%, 

(SOFR30A

+

3.400%),

11/25/2033,

Ser.

2023-1,

Class

M1A

a,c

459,291

6,155

7.220%, 

(SOFR30A

+

1.900%),

2/25/2034,

Ser.

2021-3,

Class

M1A

a,c

6,158

TVC

Mortgage

Trust

300,000

8.250%, 

11/25/2027,

Ser.

2023-RTL1,

Class

A1

a,b

300,196

Unlock

HEA

Trust

300,000

7.000%, 

4/25/2039,

Ser.

2024-1,

Class

A

a

293,250

Verus

Securitization

Trust

270,743

2.491%, 

11/25/2066,

Ser.

2021-8,

Class

A3

a,c

227,700

538,183

6.560%, 

12/25/2067,

Ser.

2023-1,

Class

A2

a,b

538,237

432,975

6.664%, 

12/25/2068,

Ser.

2023-8,

Class

A2

a,b

435,091

Total

18,325,270

Commercial

Mortgage-Backed

Securities

(0.4%)

BANK5

2023-5YR1

475,000

6.411%, 

4/15/2056,

Ser.

2023-5YR1,

Class

AS

c

489,539

BBCMS

Mortgage

Trust

2,242,706

1.151%, 

9/15/2055,

Ser.

2022-C17,

Class

XA

c,h

170,256

SCOTT

Trust

225,000

5.910%, 

3/15/2040,

Ser.

2023-SFS,

Class

A

a

226,285

Silver

Hill

Trust

49,372

3.102%, 

11/25/2049,

Ser.

2019-1,

Class

A1

a,c

47,010

Velocity

Commercial

Capital

Loan

Trust

345,660

6.550%, 

1/25/2054,

Ser.

2024-1,

Class

A

a,c

348,060

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Commercial

Mortgage-Backed

Securities

(0.4%)

-

continued

$

419,670

7.670%, 

11/25/2053,

Ser.

2023-4,

Class

A

a,c

$

431,024

Total

1,712,174

Communications

Services

(1.6%)

Allen

Media,

LLC/Allen

Media

Co-

Issuer,

Inc.

64,000

10.500%, 

2/15/2028

a

29,664

Altice

Financing

SA

65,000

5.750%, 

8/15/2029

a

52,081

Altice

France

SA/France

85,000

8.125%, 

2/1/2027

a

66,441

75,000

5.125%, 

7/15/2029

a

50,703

70,000

5.500%, 

10/15/2029

a

47,511

AMC

Networks,

Inc.

48,000

4.750%, 

8/1/2025

g

47,939

14,000

10.250%, 

1/15/2029

a,f

14,102

American

Tower

Corporation

73,000

4.400%, 

2/15/2026

71,724

44,000

1.450%, 

9/15/2026

40,103

59,000

5.500%, 

3/15/2028

59,494

41,000

5.800%, 

11/15/2028

41,977

57,000

3.800%, 

8/15/2029

53,196

AT&T,

Inc.

202,000

3.550%, 

9/15/2055

141,244

131,000

4.300%, 

2/15/2030

125,900

41,000

5.400%, 

2/15/2034

41,538

Bell

Telephone

Company

of

Canada

85,000

5.550%, 

2/15/2054

84,857

40,000

5.100%, 

5/11/2033

39,688

Cable

One,

Inc.,

Convertible

63,000

1.125%, 

3/15/2028

47,288

CCO

Holdings,

LLC/CCO

Holdings

Capital

Corporation

150,000

5.125%, 

5/1/2027

a

142,916

57,000

5.000%, 

2/1/2028

a

53,062

31,000

6.375%, 

9/1/2029

a

29,409

64,000

4.250%, 

2/1/2031

a

52,266

246,000

4.750%, 

2/1/2032

a

200,766

63,000

4.250%, 

1/15/2034

a

47,556

CenterPoint

Energy,

Inc.,

Convertible

3,760

3.369%, 

9/15/2029

121,260

Charter

Communications

Operating,

LLC/Charter

Communications

Operating

Capital

Corporation

37,000

6.150%, 

11/10/2026

37,290

67,000

5.050%, 

3/30/2029

64,603

Cimpress

plc

58,000

7.000%, 

6/15/2026

58,052

Clear

Channel

Outdoor

Holdings,

Inc.

102,000

7.500%, 

6/1/2029

a,g

84,358

Clear

Channel

Worldwide

Holdings,

Inc.

117,000

5.125%, 

8/15/2027

a,g

110,288

Comcast

Corporation

95,000

3.400%, 

4/1/2030

87,854

Connect

Finco

SARL/Connect

US

Finco,

LLC

45,000

6.750%, 

10/1/2026

a

44,112

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

23

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Communications

Services

(1.6%)

-

continued

Crown

Castle,

Inc.

$

61,000

2.900%, 

3/15/2027

$

57,055

CSC

Holdings,

LLC

102,000

5.375%, 

2/1/2028

a

87,733

31,000

11.750%, 

1/31/2029

a

31,048

81,000

6.500%, 

2/1/2029

a

68,632

125,000

5.750%, 

1/15/2030

a

66,172

45,000

4.125%, 

12/1/2030

a

32,177

Deutsche

Telekom

International

Finance

BV

113,000

8.750%, 

6/15/2030

133,579

DIRECTV

Financing,

LLC/DIRECTV

Financing

Co-Obligor,

Inc.

175,000

5.875%, 

8/15/2027

a

165,556

DISH

DBS

Corporation

26,000

5.875%, 

11/15/2024

g

24,911

34,000

5.250%, 

12/1/2026

a,g

26,772

25,000

7.375%, 

7/1/2028

12,036

45,000

5.750%, 

12/1/2028

a,g

30,926

39,000

5.125%, 

6/1/2029

16,266

DISH

Network

Corporation

75,000

11.750%, 

11/15/2027

a

76,570

Frontier

Communications

Holdings,

LLC

104,000

5.875%, 

10/15/2027

a

100,686

78,000

6.750%, 

5/1/2029

a

69,513

18,000

8.750%, 

5/15/2030

a

18,418

GCI,

LLC

74,000

4.750%, 

10/15/2028

a

67,851

Gray

Television,

Inc.

105,000

4.750%, 

10/15/2030

a

68,863

27,000

5.375%, 

11/15/2031

a

17,704

iHeartCommunications,

Inc.

68,000

6.375%, 

5/1/2026

58,010

Iliad

Holding

SASU

91,000

6.500%, 

10/15/2026

a

90,148

Lamar

Media

Corporation

41,000

3.625%, 

1/15/2031

35,975

LCPR

Senior

Secured

Financing

DAC

115,000

6.750%, 

10/15/2027

a

107,930

Level

3

Financing,

Inc.

114,000

4.625%, 

9/15/2027

a,g

75,810

100,000

4.250%, 

7/1/2028

a

47,000

36,000

10.500%, 

5/15/2030

a,g

36,810

McGraw-Hill

Education,

Inc.

89,000

8.000%, 

8/1/2029

a,g

83,653

Meta

Platforms,

Inc.

41,000

3.850%, 

8/15/2032

38,420

News

Corporation

84,000

3.875%, 

5/15/2029

a

76,814

NTT

Finance

Corporation

54,000

1.162%, 

4/3/2026

a

49,934

Outfront

Media

Capital,

LLC/

Outfront

Media

Capital

Corporation

35,000

4.625%, 

3/15/2030

a,g

31,389

Paramount

Global

124,000

6.375%, 

3/30/2062

c

114,573

Playtika

Holding

Corporation

61,000

4.250%, 

3/15/2029

a

52,808

Rogers

Communications,

Inc.

50,000

5.250%, 

3/15/2082

a,c,g

47,924

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Communications

Services

(1.6%)

-

continued

$

60,000

5.000%, 

2/15/2029

$

59,583

98,000

5.300%, 

2/15/2034

97,126

Scripps

Escrow

II,

Inc.

28,000

3.875%, 

1/15/2029

a

22,265

31,000

5.375%, 

1/15/2031

a

19,073

Sinclair

Television

Group,

Inc.

102,000

4.125%, 

12/1/2030

a

74,293

Sirius

XM

Radio,

Inc.

85,000

5.000%, 

8/1/2027

a

81,777

50,000

4.000%, 

7/15/2028

a

45,744

35,000

4.125%, 

7/1/2030

a

30,596

Sprint

Capital

Corporation

137,000

6.875%, 

11/15/2028

145,992

61,000

8.750%, 

3/15/2032

73,966

Take-Two

Interactive

Software,

Inc.

105,000

4.950%, 

3/28/2028

104,596

TEGNA,

Inc.

28,000

4.750%, 

3/15/2026

a

27,451

89,000

4.625%, 

3/15/2028

81,404

Telecom

Italia

Capital

SA

71,000

6.000%, 

9/30/2034

64,940

Telecom

Italia

SPA/Milano

36,000

5.303%, 

5/30/2024

a

35,804

Telesat

Canada/Telesat,

LLC

35,000

4.875%, 

6/1/2027

a

18,200

15,000

6.500%, 

10/15/2027

a

6,000

T-Mobile

USA,

Inc.

40,000

5.500%, 

1/15/2055

39,923

77,000

3.375%, 

4/15/2029

71,212

United

States

Cellular

Corporation

19,000

6.700%, 

12/15/2033

18,623

Uniti

Group,

Inc.,

Convertible

72,000

7.500%, 

12/1/2027

a

74,880

Uniti

Group,

LP/Uniti

Group

Finance,

Inc./CSL

Capital,

LLC

86,000

4.750%, 

4/15/2028

a

75,089

50,000

6.500%, 

2/15/2029

a

38,751

Univision

Communications,

Inc.

94,000

4.500%, 

5/1/2029

a

84,004

Urban

One,

Inc.

17,000

7.375%, 

2/1/2028

a

14,425

Verizon

Communications,

Inc.

46,000

5.500%, 

2/23/2054

46,496

73,000

2.100%, 

3/22/2028

65,719

67,000

3.150%, 

3/22/2030

60,577

88,000

2.355%, 

3/15/2032

72,318

Viasat,

Inc.

45,000

6.500%, 

7/15/2028

a,g

34,750

Virgin

Media

Finance

plc

34,000

5.000%, 

7/15/2030

a

28,769

Virgin

Media

Secured

Finance

plc

72,000

5.500%, 

5/15/2029

a

66,569

Vodafone

Group

plc

62,000

7.000%, 

4/4/2079

c

63,952

VZ

Secured

Financing

BV

97,000

5.000%, 

1/15/2032

a

83,285

Walt

Disney

Company

37,000

3.800%, 

3/22/2030

35,256

Warnermedia

Holdings,

Inc.

42,000

3.638%, 

3/15/2025

41,166

106,000

4.054%, 

3/15/2029

99,229

YPSO

Finance

BIS

SA

56,000

10.500%, 

5/15/2027

a

20,954

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

24

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Communications

Services

(1.6%)

-

continued

Zayo

Group

Holdings,

Inc.

$

34,000

4.000%, 

3/1/2027

a

$

27,987

Ziggo

Bond

Company

BV

33,000

5.125%, 

2/28/2030

a,g

28,261

Total

6,489,913

Consumer

Cyclical

(2.2%)

1011778

B.C.,

ULC/New

Red

Finance,

Inc.

133,000

4.375%, 

1/15/2028

a

125,809

Adient

Global

Holdings,

Ltd.

45,000

8.250%, 

4/15/2031

a,g

47,486

Alimentation

Couche-Tard,

Inc.

66,000

5.617%, 

2/12/2054

a

66,619

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation

15,000

6.625%, 

7/15/2026

a

14,990

70,000

6.000%, 

6/1/2029

a,g

60,230

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation/

Atlas

Luxco

4

SARL

100,000

4.625%, 

6/1/2028

a

91,317

50,000

4.625%, 

6/1/2028

a

45,448

Allison

Transmission,

Inc.

48,000

3.750%, 

1/30/2031

a

41,881

Amazon.com,

Inc.

45,000

1.500%, 

6/3/2030

37,553

77,000

4.700%, 

12/1/2032

77,295

AMC

Entertainment

Holdings,

Inc.

21,000

7.500%, 

2/15/2029

a

14,027

American

Axle

&

Manufacturing,

Inc.

127,000

6.500%, 

4/1/2027

g

126,569

American

Honda

Finance

Corporation

61,000

5.650%, 

11/15/2028

62,859

80,000

5.850%, 

10/4/2030

83,672

61,000

4.900%, 

1/10/2034

60,065

Anywhere

Real

Estate

Group,

LLC/Anywhere

Co-Issuer

Corporation

15,000

7.000%, 

4/15/2030

a

13,356

Arches

Buyer,

Inc.

61,000

6.125%, 

12/1/2028

a

51,098

Arko

Corporation

46,000

5.125%, 

11/15/2029

a

38,073

Asbury

Automotive

Group,

Inc.

48,000

5.000%, 

2/15/2032

a

43,490

Ashton

Woods

USA,

LLC/Ashton

Woods

Finance

Company

45,000

4.625%, 

8/1/2029

a

41,509

43,000

4.625%, 

4/1/2030

a

39,288

Beazer

Homes

USA,

Inc.

20,000

7.500%, 

3/15/2031

a

20,198

Best

Buy

Company,

Inc.

45,000

1.950%, 

10/1/2030

37,409

Bloomin'

Brands,

Inc.,

Convertible

26,000

5.000%, 

5/1/2025

66,914

Booking

Holdings,

Inc.,

Convertible

77,000

0.750%, 

5/1/2025

148,610

Boyd

Gaming

Corporation

65,000

4.750%, 

6/15/2031

a

59,732

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Consumer

Cyclical

(2.2%)

-

continued

Boyne

USA,

Inc.

$

33,000

4.750%, 

5/15/2029

a

$

30,590

Brookfield

Residential

Properties,

Inc./Brookfield

Residential

US,

LLC

75,000

6.250%, 

9/15/2027

a

73,375

Burlington

Stores,

Inc.,

Convertible

112,000

2.250%, 

4/15/2025

130,973

55,000

1.250%, 

12/15/2027

a

70,015

Caesars

Entertainment,

Inc.

35,000

8.125%, 

7/1/2027

a

35,846

184,000

4.625%, 

10/15/2029

a

167,784

34,000

6.500%, 

2/15/2032

a

34,299

Carnival

Corporation

70,000

7.625%, 

3/1/2026

a

70,823

116,000

5.750%, 

3/1/2027

a

114,809

30,000

4.000%, 

8/1/2028

a

27,945

29,000

6.000%, 

5/1/2029

a

28,615

Carvana

Company

48,000

0.000%,PIK

12.000%,

12/1/2028

a,i

46,932

Cedar

Fair,

LP

68,000

5.250%, 

7/15/2029

64,459

Churchill

Downs,

Inc.

45,000

4.750%, 

1/15/2028

a

42,838

35,000

6.750%, 

5/1/2031

a

35,195

Cinemark

USA,

Inc.

84,000

5.875%, 

3/15/2026

a

82,934

Clarios

Global,

LP/Clarios

US

Finance

Company,

Inc.

41,000

8.500%, 

5/15/2027

a

41,062

100,000

6.750%, 

5/15/2028

a

101,363

D.R.

Horton,

Inc.

16,000

2.600%, 

10/15/2025

15,331

Dana,

Inc.

41,000

4.500%, 

2/15/2032

35,437

eG

Global

Finance

plc

14,000

12.000%, 

11/30/2028

a

14,881

Expedia

Group,

Inc.

67,000

3.250%, 

2/15/2030

60,312

Expedia

Group,

Inc.,

Convertible

187,000

Zero

Coupon, 

2/15/2026

172,227

Ford

Motor

Company

102,000

3.250%, 

2/12/2032

84,844

Ford

Motor

Company,

Convertible

270,000

Zero

Coupon, 

3/15/2026

279,045

Ford

Motor

Credit

Company,

LLC

76,000

2.900%, 

2/10/2029

67,009

68,000

7.122%, 

11/7/2033

73,162

Forestar

Group,

Inc.

45,000

3.850%, 

5/15/2026

a

42,975

General

Motors

Financial

Company,

Inc.

68,000

3.950%, 

4/13/2024

67,942

50,000

1.200%, 

10/15/2024

48,806

130,000

2.900%, 

2/26/2025

126,814

35,000

2.750%, 

6/20/2025

33,823

61,000

5.800%, 

6/23/2028

62,193

48,000

5.800%, 

1/7/2029

48,846

28,000

5.750%, 

2/8/2031

28,304

Genuine

Parts

Company

40,000

6.500%, 

11/1/2028

42,244

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

25

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Consumer

Cyclical

(2.2%)

-

continued

Goodyear

Tire

&

Rubber

Company

$

45,000

5.000%, 

7/15/2029

g

$

42,013

Hanesbrands,

Inc.

32,000

4.875%, 

5/15/2026

a

31,156

31,000

9.000%, 

2/15/2031

a,g

31,851

Hilton

Domestic

Operating

Company,

Inc.

111,000

4.875%, 

1/15/2030

106,427

29,000

3.625%, 

2/15/2032

a

24,969

Hilton

Grand

Vacations

Borrower

Escrow,

LLC/Hilton

Grand

Vacations

Borrower

Escrow,

Inc.

56,000

5.000%, 

6/1/2029

a

52,226

Home

Depot,

Inc.

62,000

3.250%, 

4/15/2032

55,415

Hyatt

Hotels

Corporation

37,000

5.750%, 

1/30/2027

37,576

Hyundai

Capital

America

27,000

5.500%, 

3/30/2026

a

27,044

67,000

3.000%, 

2/10/2027

a

62,901

40,000

6.500%, 

1/16/2029

a

41,965

International

Game

Technology

plc

120,000

5.250%, 

1/15/2029

a

115,943

Jacobs

Entertainment,

Inc.

39,000

6.750%, 

2/15/2029

a

37,885

KB

Home

60,000

4.800%, 

11/15/2029

57,267

Kohl's

Corporation

38,000

4.625%, 

5/1/2031

31,978

L

Brands,

Inc.

135,000

6.625%, 

10/1/2030

a

137,902

20,000

6.875%, 

11/1/2035

20,451

Lennar

Corporation

34,000

4.750%, 

5/30/2025

33,704

Light

&

Wonder

International,

Inc.

110,000

7.250%, 

11/15/2029

a

112,922

Live

Nation

Entertainment,

Inc.

58,000

4.750%, 

10/15/2027

a

55,380

Live

Nation

Entertainment,

Inc.,

Convertible

84,000

2.000%, 

2/15/2025

g

92,980

211,000

3.125%, 

1/15/2029

g

253,073

Lowe's

Companies,

Inc.

100,000

4.500%, 

4/15/2030

97,781

Macy's

Retail

Holdings,

LLC

65,000

5.875%, 

4/1/2029

a,g

63,766

27,000

6.125%, 

3/15/2032

a

26,171

Marriott

International,

Inc./MD

40,000

4.900%, 

4/15/2029

39,684

67,000

4.625%, 

6/15/2030

65,184

Marriott

Vacations

Worldwide

Corporation,

Convertible

126,000

Zero

Coupon, 

1/15/2026

119,385

153,000

3.250%, 

12/15/2027

143,514

Mattamy

Group

Corporation

55,000

5.250%, 

12/15/2027

a

53,325

McDonald's

Corporation

39,000

4.950%, 

8/14/2033

g

39,055

Mercedes-Benz

Finance

North

America,

LLC

68,000

1.450%, 

3/2/2026

a

63,453

45,000

5.200%, 

8/3/2026

a

45,104

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Consumer

Cyclical

(2.2%)

-

continued

Michaels

Companies,

Inc.

$

25,000

5.250%, 

5/1/2028

a

$

21,302

22,000

7.875%, 

5/1/2029

a

16,505

NCL

Corporation,

Ltd.

70,000

5.875%, 

3/15/2026

a

69,101

73,000

5.875%, 

2/15/2027

a

72,123

Nordstrom,

Inc.

28,000

4.375%, 

4/1/2030

g

25,354

39,000

4.250%, 

8/1/2031

34,244

PENN

Entertainment,

Inc.

70,000

4.125%, 

7/1/2029

a,g

60,197

PetSmart,

Inc./PetSmart

Finance

Corporation

120,000

4.750%, 

2/15/2028

a

112,349

64,000

7.750%, 

2/15/2029

a

62,307

Prime

Security

Services

Borrower,

LLC/Prime

Finance,

Inc.

125,000

5.750%, 

4/15/2026

a

124,635

170,000

6.250%, 

1/15/2028

a,g

166,528

QVC,

Inc.

17,000

4.375%, 

9/1/2028

13,624

Raising

Cane's

Restaurants,

LLC

34,000

9.375%, 

5/1/2029

a

36,745

Rakuten

Group,

Inc.

41,000

11.250%, 

2/15/2027

a

43,439

Real

Hero

Merger

Sub

2,

Inc.

47,000

6.250%, 

2/1/2029

a,g

41,182

Realogy

Group,

LLC/Realogy

Group

Co-Issuer

Corporation

32,000

5.750%, 

1/15/2029

a,g

22,661

Royal

Caribbean

Cruises,

Ltd.

159,000

4.250%, 

7/1/2026

a

153,442

47,000

9.250%, 

1/15/2029

a

50,411

52,000

7.250%, 

1/15/2030

a

54,027

Scientific

Games

Holdings,

LP/

Scientific

Games

US

FinCo,

Inc.

16,000

6.625%, 

3/1/2030

a

15,468

SeaWorld

Parks

and

Entertainment,

Inc.

67,000

5.250%, 

8/15/2029

a

63,104

Six

Flags

Theme

Parks,

Inc.

25,000

7.000%, 

7/1/2025

a

25,036

Staples,

Inc.

81,000

7.500%, 

4/15/2026

a

79,054

26,000

10.750%, 

4/15/2027

a

24,714

Station

Casinos,

LLC

53,000

4.625%, 

12/1/2031

a

47,636

Tapestry,

Inc.

59,000

7.350%, 

11/27/2028

62,168

Target

Corporation

82,000

2.350%, 

2/15/2030

72,113

Tenneco,

Inc.

91,000

8.000%, 

11/17/2028

a

83,032

Toyota

Motor

Credit

Corporation

40,000

5.550%, 

11/20/2030

41,382

40,000

4.800%, 

1/5/2034

39,351

Tractor

Supply

Company

41,000

5.250%, 

5/15/2033

41,305

Tripadvisor,

Inc.

15,000

7.000%, 

7/15/2025

a

14,959

Uber

Technologies,

Inc.,

Convertible

150,000

Zero

Coupon, 

12/15/2025

168,375

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

26

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Consumer

Cyclical

(2.2%)

-

continued

$

138,000

0.875%, 

12/1/2028

a

$

170,706

Vail

Resorts,

Inc.,

Convertible

193,000

Zero

Coupon, 

1/1/2026

176,595

VICI

Properties,

LP/VICI

Note

Company,

Inc.

150,000

5.750%, 

2/1/2027

a

149,811

Victoria's

Secret

&

Company

65,000

4.625%, 

7/15/2029

a

53,333

Viking

Cruises,

Ltd.

113,000

5.875%, 

9/15/2027

a

110,866

Volkswagen

Group

of

America

Finance,

LLC

17,000

3.350%, 

5/13/2025

a

16,594

Wabash

National

Corporation

73,000

4.500%, 

10/15/2028

a

66,944

Walgreens

Boots

Alliance,

Inc.

49,000

3.200%, 

4/15/2030

42,588

WASH

Multifamily

Acquisition,

Inc.

43,000

5.750%, 

4/15/2026

a,g

42,027

Wynn

Resorts

Finance,

LLC/Wynn

Resorts

Capital

Corporation

66,000

7.125%, 

2/15/2031

a

68,303

Yum!

Brands,

Inc.

105,000

4.750%, 

1/15/2030

a

99,589

ZF

North

America

Capital,

Inc.

48,000

7.125%, 

4/14/2030

a

50,578

Total

9,244,806

Consumer

Non-Cyclical

(1.9%)

1375209

B.C.,

Ltd.

44,000

9.000%, 

1/30/2028

a,g

43,120

AbbVie,

Inc.

100,000

5.500%, 

3/15/2064

102,841

60,000

5.350%, 

3/15/2044

61,179

AdaptHealth,

LLC

120,000

4.625%, 

8/1/2029

a

103,265

Albertsons

Companies,

Inc./

Safeway,

Inc./New

Albertsons,

LP/Albertsons,

LLC

94,000

4.625%, 

1/15/2027

a

90,973

93,000

3.500%, 

3/15/2029

a

83,475

Altria

Group,

Inc.

40,000

6.200%, 

11/1/2028

41,691

Amgen,

Inc.

60,000

5.150%, 

3/2/2028

60,385

102,000

5.250%, 

3/2/2030

103,550

Anheuser-Busch

InBev

Worldwide,

Inc.

90,000

4.750%, 

1/23/2029

89,974

119,000

5.000%, 

6/15/2034

119,708

Archer-Daniels-Midland

Company

41,000

4.500%, 

8/15/2033

39,675

AstraZeneca

Finance,

LLC

90,000

1.750%, 

5/28/2028

79,909

59,000

5.000%, 

2/26/2034

59,242

B&G

Foods,

Inc.

61,000

5.250%, 

9/15/2027

g

57,001

BAT

Capital

Corporation

45,000

6.343%, 

8/2/2030

46,889

26,000

5.834%, 

2/20/2031

26,223

43,000

7.750%, 

10/19/2032

48,524

21,000

6.000%, 

2/20/2034

21,263

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Consumer

Non-Cyclical

(1.9%)

-

continued

Bausch

+

Lomb

Corporation

$

16,000

8.375%, 

10/1/2028

a

$

16,555

Bausch

Health

Companies,

Inc.

47,000

5.500%, 

11/1/2025

a

44,364

95,000

4.875%, 

6/1/2028

a

51,842

41,000

11.000%, 

9/30/2028

a

27,367

Becton,

Dickinson

and

Company

38,000

4.693%, 

2/13/2028

37,614

67,000

2.823%, 

5/20/2030

59,120

BellRing

Brands,

Inc.

49,000

7.000%, 

3/15/2030

a

50,475

BioMarin

Pharmaceutical,

Inc.,

Convertible

119,000

1.250%, 

5/15/2027

g

117,370

Bio-Rad

Laboratories,

Inc.

61,000

3.300%, 

3/15/2027

57,844

Bristol-Myers

Squibb

Company

80,000

5.550%, 

2/22/2054

82,271

41,000

5.750%, 

2/1/2031

43,031

20,000

5.900%, 

11/15/2033

g

21,373

Campbell

Soup

Company

124,000

5.400%, 

3/21/2034

124,930

Cargill,

Inc.

79,000

2.125%, 

11/10/2031

a

64,725

Catalent

Pharma

Solutions,

Inc.

34,000

3.125%, 

2/15/2029

a

32,490

Central

Garden

&

Pet

Company

115,000

4.125%, 

10/15/2030

g

103,166

Cheplapharm

Arzneimittel

GmbH

10,000

5.500%, 

1/15/2028

a

9,529

Chobani,

LLC/Chobani

Finance

Corporation,

Inc.

71,000

4.625%, 

11/15/2028

a

66,210

28,000

7.625%, 

7/1/2029

a

28,385

CHS/Community

Health

Systems,

Inc.

64,000

5.625%, 

3/15/2027

a

58,906

19,000

8.000%, 

12/15/2027

a

18,638

84,000

6.000%, 

1/15/2029

a

73,382

44,000

6.125%, 

4/1/2030

a,g

31,729

53,000

5.250%, 

5/15/2030

a

43,217

37,000

4.750%, 

2/15/2031

a

28,555

Cigna

Group

40,000

5.600%, 

2/15/2054

40,149

51,000

2.400%, 

3/15/2030

44,041

Constellation

Brands,

Inc.

40,000

4.800%, 

1/15/2029

39,649

90,000

3.150%, 

8/1/2029

81,973

16,000

4.900%, 

5/1/2033

15,696

Coty,

Inc./HFC

Prestige

Products,

Inc./HFC

Prestige

International

US,

LLC

86,000

4.750%, 

1/15/2029

a

81,383

58,000

6.625%, 

7/15/2030

a

58,898

CVS

Health

Corporation

41,000

5.000%, 

2/20/2026

40,857

35,000

4.300%, 

3/25/2028

34,156

41,000

5.125%, 

2/21/2030

41,124

41,000

5.300%, 

6/1/2033

41,096

Diageo

Capital

plc

45,000

2.000%, 

4/29/2030

38,292

60,000

5.625%, 

10/5/2033

63,113

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

27

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Consumer

Non-Cyclical

(1.9%)

-

continued

Edgewell

Personal

Care

Company

$

50,000

5.500%, 

6/1/2028

a

$

48,875

Eli

Lilly

&

Company

80,000

5.000%, 

2/9/2054

79,549

82,000

4.700%, 

2/27/2033

81,788

Embecta

Corporation

23,000

6.750%, 

2/15/2030

a

19,928

Encompass

Health

Corporation

117,000

4.500%, 

2/1/2028

111,433

Energizer

Holdings,

Inc.

35,000

4.750%, 

6/15/2028

a

32,417

85,000

4.375%, 

3/31/2029

a

76,165

Envista

Holdings

Corporation,

Convertible

81,000

1.750%, 

8/15/2028

a

71,229

Fortrea

Holdings,

Inc.

23,000

7.500%, 

7/1/2030

a

23,743

General

Mills,

Inc.

16,000

4.950%, 

3/29/2033

15,821

Gilead

Sciences,

Inc.

46,000

5.250%, 

10/15/2033

46,942

Grifols

SA

81,000

4.750%, 

10/15/2028

a,g

67,016

Herbalife

Nutrition,

Ltd./HLF

Financing,

Inc.

14,000

7.875%, 

9/1/2025

a

13,998

HLF

Financing

SARL,

LLC/

Herbalife

International,

Inc.

101,000

4.875%, 

6/1/2029

a

70,195

Imperial

Brands

Finance

plc

34,000

3.125%, 

7/26/2024

a

33,704

Integer

Holdings

Corporation,

Convertible

162,000

2.125%, 

2/15/2028

233,766

Jazz

Investments

I,

Ltd.,

Convertible

171,000

2.000%, 

6/15/2026

169,356

Jazz

Securities

DAC

46,000

4.375%, 

1/15/2029

a

42,851

JBS

USA

LUX

SA/JBS

USA

Food

Company/JBS

Luxembourg

SARL

42,000

6.750%, 

3/15/2034

a

44,130

JBS

USA

LUX

SA/JBS

USA

Food

Company/JBS

USA

Finance,

Inc.

107,000

2.500%, 

1/15/2027

98,631

52,000

3.625%, 

1/15/2032

44,493

KeHE

Distributors,

LLC/KeHE

Finance

Corporation/NextWave

Distribution,

Inc.

27,000

9.000%, 

2/15/2029

a

27,373

Kenvue,

Inc.

20,000

5.000%, 

3/22/2030

20,209

Keurig

Dr

Pepper,

Inc.

70,000

3.200%, 

5/1/2030

63,053

78,000

5.300%, 

3/15/2034

78,269

Kraft

Heinz

Foods

Company

41,000

6.750%, 

3/15/2032

45,434

Kroger

Company

37,000

4.500%, 

1/15/2029

36,503

Legacy

LifePoint

Health,

LLC

35,000

4.375%, 

2/15/2027

a

33,352

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Consumer

Non-Cyclical

(1.9%)

-

continued

LifePoint

Health,

Inc.

$

29,000

9.875%, 

8/15/2030

a

$

30,335

34,000

11.000%, 

10/15/2030

a

36,339

Mattel,

Inc.

124,000

3.375%, 

4/1/2026

a

118,591

McKesson

Corporation

59,000

1.300%, 

8/15/2026

54,004

Medline

Borrower,

LP/Medline

Co-

Issuer,

Inc.

57,000

6.250%, 

4/1/2029

a

57,255

Medtronic

Global

Holdings

SCA

41,000

4.500%, 

3/30/2033

39,785

ModivCare

Escrow

Issuer,

Inc.

27,000

5.000%, 

10/1/2029

a,g

19,578

ModivCare,

Inc.

22,000

5.875%, 

11/15/2025

a

21,425

Mozart

Debt

Merger

Sub,

Inc.

89,000

3.875%, 

4/1/2029

a

81,008

48,000

5.250%, 

10/1/2029

a

45,368

Organon

&

Company/Organon

Foreign

Debt

Co-Issuer

BV

96,000

4.125%, 

4/30/2028

a

89,462

48,000

5.125%, 

4/30/2031

a

42,677

Owens

&

Minor,

Inc.

78,000

6.625%, 

4/1/2030

a,g

77,416

Perrigo

Finance

Unlimited

Company

42,000

4.375%, 

3/15/2026

40,868

47,000

3.150%, 

6/15/2030

43,205

Pfizer

Investment

Enterprises,

Private

Ltd.

55,000

4.450%, 

5/19/2026

54,428

Philip

Morris

International,

Inc.

82,000

4.875%, 

2/15/2028

81,774

43,000

5.625%, 

11/17/2029

44,284

40,000

5.125%, 

2/13/2031

39,738

43,000

5.750%, 

11/17/2032

44,394

60,000

5.250%, 

2/13/2034

59,468

Post

Holdings,

Inc.

56,000

4.500%, 

9/15/2031

a

50,372

Post

Holdings,

Inc.,

Convertible

143,000

2.500%, 

8/15/2027

160,803

Primo

Water

Holdings,

Inc.

85,000

4.375%, 

4/30/2029

a

78,164

Procter

&

Gamble

Company

37,000

1.200%, 

10/29/2030

30,264

RegionalCare

Hospital

Partners

Holdings,

Inc./LifePoint

Health,

Inc.

35,000

9.750%, 

12/1/2026

a

35,047

Roche

Holdings,

Inc.

58,000

5.218%, 

3/8/2054

a

58,830

45,000

1.930%, 

12/13/2028

a

39,720

62,000

2.076%, 

12/13/2031

a

51,074

Royalty

Pharma

plc

105,000

1.200%, 

9/2/2025

98,830

Scotts

Miracle-Gro

Company

32,000

4.500%, 

10/15/2029

28,960

Sigma

Holdco

BV

43,000

7.875%, 

5/15/2026

a

41,280

Simmons

Foods,

Inc.

111,000

4.625%, 

3/1/2029

a

98,092

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

28

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Consumer

Non-Cyclical

(1.9%)

-

continued

Spectrum

Brands,

Inc.

$

43,000

5.000%, 

10/1/2029

a

$

42,142

40,000

5.500%, 

7/15/2030

a

39,177

29,000

3.875%, 

3/15/2031

a,g

27,935

Star

Parent,

Inc.

55,000

9.000%, 

10/1/2030

a,g

58,207

Surgery

Center

Holdings,

Inc.

34,000

7.250%, 

4/15/2032

a,f

34,264

Sysco

Corporation

38,000

5.950%, 

4/1/2030

39,621

Takeda

Pharmaceutical

Company,

Ltd.

89,000

5.000%, 

11/26/2028

89,132

Tenet

Healthcare

Corporation

142,000

5.125%, 

11/1/2027

138,894

71,000

6.125%, 

10/1/2028

g

70,746

68,000

6.750%, 

5/15/2031

a

69,240

Teva

Pharmaceutical

Finance

Netherlands

III

BV

62,000

3.150%, 

10/1/2026

57,963

Topgolf

Callaway

Brands

Corporation,

Convertible

56,000

2.750%, 

5/1/2026

64,008

Triton

Water

Holdings,

Inc.

55,000

6.250%, 

4/1/2029

a

50,095

Unilever

Capital

Corporation

50,000

5.000%, 

12/8/2033

50,557

Viterra

Finance

BV

83,000

3.200%, 

4/21/2031

a

71,853

Winnebago

Industries,

Inc.,

Convertible

105,000

3.250%, 

1/15/2030

a

113,452

Wyeth,

LLC

99,000

6.500%, 

2/1/2034

109,653

Zoetis,

Inc.

62,000

5.600%, 

11/16/2032

64,346

Total

8,006,748

Energy

(1.6%)

Antero

Midstream

Partners,

LP/

Antero

Midstream

Finance

Corporation

57,000

5.375%, 

6/15/2029

a

54,815

Antero

Resources

Corporation

31,000

5.375%, 

3/1/2030

a

29,772

Apache

Corporation

61,000

4.375%, 

10/15/2028

57,662

Archrock

Partners,

LP/Archrock

Partners

Finance

Corporation

115,000

6.250%, 

4/1/2028

a

113,785

Ascent

Resources

Utica

Holdings,

LLC/ARU

Finance

Corporation

57,000

8.250%, 

12/31/2028

a

58,555

Baytex

Energy

Corporation

57,000

8.500%, 

4/30/2030

a

59,519

Borr

IHC,

Ltd./Borr

Finance,

LLC

69,000

10.375%, 

11/15/2030

a

71,760

BP

Capital

Markets

America,

Inc.

107,000

4.234%, 

11/6/2028

104,714

61,000

4.812%, 

2/13/2033

60,201

BP

Capital

Markets

plc

51,000

4.875%, 

3/22/2030

c,j

48,655

56,000

6.450%, 

12/1/2033

c,j

57,993

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Energy

(1.6%)

-

continued

Buckeye

Partners,

LP

$

39,000

4.500%, 

3/1/2028

a

$

37,051

Cheniere

Energy

Partners,

LP

45,000

4.500%, 

10/1/2029

42,829

44,000

3.250%, 

1/31/2032

37,481

55,000

5.950%, 

6/30/2033

g

56,231

Cheniere

Energy,

Inc.

35,000

5.650%, 

4/15/2034

a

35,250

Chesapeake

Energy

Corporation

44,000

6.750%, 

4/15/2029

a

44,471

Civitas

Resources,

Inc.

39,000

8.375%, 

7/1/2028

a

41,056

19,000

8.625%, 

11/1/2030

a

20,402

74,000

8.750%, 

7/1/2031

a

79,184

CNX

Resources

Corporation

33,000

6.000%, 

1/15/2029

a

32,310

CNX

Resources

Corporation,

Convertible

109,000

2.250%, 

5/1/2026

206,075

Columbia

Pipelines

Holding

Company,

LLC

36,000

6.055%, 

8/15/2026

a

36,393

81,000

6.042%, 

8/15/2028

a

82,768

Comstock

Resources,

Inc.

43,000

5.875%, 

1/15/2030

a

38,941

CQP

Holdco,

LP/BIP-V

Chinnok

Holdco,

LLC

53,000

5.500%, 

6/15/2031

a

50,091

Crescent

Energy

Finance,

LLC

34,000

9.250%, 

2/15/2028

a

35,900

85,000

7.625%, 

4/1/2032

a

85,655

Delek

Logistics

Partners,

LP/Delek

Logistics

Finance

Corporation

34,000

8.625%, 

3/15/2029

a

34,720

Diamond

Foreign

Asset

Company/

Diamond

Finance,

LLC

22,000

8.500%, 

10/1/2030

a

23,219

Diamondback

Energy,

Inc.

104,000

3.125%, 

3/24/2031

92,134

DT

Midstream,

Inc.

45,000

4.125%, 

6/15/2029

a

41,370

25,000

4.375%, 

6/15/2031

a

22,641

Enbridge,

Inc.

60,000

7.375%, 

1/15/2083

c

60,281

56,000

7.625%, 

1/15/2083

c

57,470

41,000

5.900%, 

11/15/2026

41,762

20,000

5.700%, 

3/8/2033

20,483

Enerflex,

Ltd.

41,000

9.000%, 

10/15/2027

a

42,126

Energy

Transfer,

LP

40,000

5.950%, 

5/15/2054

39,918

53,000

6.750%, 

5/15/2025

c,j

52,082

41,000

4.400%, 

3/15/2027

40,121

40,000

6.400%, 

12/1/2030

42,223

Enterprise

Products

Operating,

LLC

45,000

4.150%, 

10/16/2028

43,773

EQM

Midstream

Partners,

LP

157,000

4.750%, 

1/15/2031

a

146,003

Ferrellgas,

LP/Ferrellgas

Finance

Corporation

59,000

5.375%, 

4/1/2026

a

57,722

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

29

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Energy

(1.6%)

-

continued

Genesis

Energy

LP/Genesis

Energy

Finance

Corporation

$

89,000

8.875%, 

4/15/2030

$

93,161

Harvest

Midstream,

LP

68,000

7.500%, 

9/1/2028

a

68,947

Hess

Midstream

Operations,

LP

54,000

5.625%, 

2/15/2026

a

53,568

25,000

5.125%, 

6/15/2028

a

24,192

Hilcorp

Energy

I,

LP/Hilcorp

Finance

Company

70,000

5.750%, 

2/1/2029

a

68,183

64,000

6.250%, 

4/15/2032

a

63,117

Howard

Midstream

Energy

Partners,

LLC

71,000

6.750%, 

1/15/2027

a

70,839

ITT

Holdings,

LLC

65,000

6.500%, 

8/1/2029

a

59,319

Kodiak

Gas

Services,

LLC

34,000

7.250%, 

2/15/2029

a

34,632

Laredo

Petroleum,

Inc.

99,000

7.750%, 

7/31/2029

a

99,818

Marathon

Oil

Corporation

45,000

4.400%, 

7/15/2027

43,728

MEG

Energy

Corporation

74,000

5.875%, 

2/1/2029

a

72,714

MPLX,

LP

113,000

1.750%, 

3/1/2026

105,632

20,000

5.000%, 

3/1/2033

19,415

Nabors

Industries,

Ltd.

115,000

7.250%, 

1/15/2026

a

114,288

National

Fuel

Gas

Company

90,000

5.500%, 

1/15/2026

89,861

New

Fortress

Energy,

Inc.

20,000

6.750%, 

9/15/2025

a

19,864

23,000

8.750%, 

3/15/2029

a

22,912

NGL

Energy

Operating,

LLC/NGL

Energy

Finance

Corporation

23,000

8.125%, 

2/15/2029

a

23,556

34,000

8.375%, 

2/15/2032

a

34,854

Noble

Finance

II,

LLC

59,000

8.000%, 

4/15/2030

a

61,457

Northern

Oil

and

Gas,

Inc.

57,000

8.750%, 

6/15/2031

a

60,190

Northern

Oil

and

Gas,

Inc.,

Convertible

103,000

3.625%, 

4/15/2029

125,403

Northriver

Midstream

Finance,

LP

29,000

5.625%, 

2/15/2026

a

28,752

NuStar

Logistics,

LP

55,000

6.375%, 

10/1/2030

55,356

Occidental

Petroleum

Corporation

80,000

8.875%, 

7/15/2030

92,934

ONEOK,

Inc.

68,000

2.200%, 

9/15/2025

64,882

39,000

5.550%, 

11/1/2026

39,357

41,000

5.650%, 

11/1/2028

41,910

Ovintiv,

Inc.

47,000

5.650%, 

5/15/2028

g

47,777

41,000

6.250%, 

7/15/2033

42,628

PBF

Holding

Company,

LLC/PBF

Finance

Corporation

44,000

6.000%, 

2/15/2028

43,296

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Energy

(1.6%)

-

continued

Permian

Resources

Operating,

LLC

$

85,000

7.000%, 

1/15/2032

a

$

88,180

Permian

Resources

Operating,

LLC,

Convertible

54,000

3.250%, 

4/1/2028

159,435

Pioneer

Natural

Resources

Company

57,000

1.900%, 

8/15/2030

47,883

Pioneer

Natural

Resources

Company,

Convertible

82,000

0.250%, 

5/15/2025

234,569

Plains

All

American

Pipeline,

LP/

PAA

Finance

Corporation

93,000

4.650%, 

10/15/2025

91,737

Prairie

Acquiror,

LP

45,000

9.000%, 

8/1/2029

a

46,325

Precision

Drilling

Corporation

60,000

6.875%, 

1/15/2029

a

59,889

Range

Resources

Corporation

46,000

4.750%, 

2/15/2030

a

42,888

Rockcliff

Energy

II,

LLC

60,000

5.500%, 

10/15/2029

a

56,149

Rockies

Express

Pipeline,

LLC

71,000

4.950%, 

7/15/2029

a

66,356

Schlumberger

Holdings

Corporation

29,000

4.300%, 

5/1/2029

a

28,308

SM

Energy

Company

32,000

6.625%, 

1/15/2027

31,972

35,000

6.500%, 

7/15/2028

35,150

Southwestern

Energy

Company

55,000

5.375%, 

3/15/2030

52,935

33,000

4.750%, 

2/1/2032

30,378

Suncor

Energy,

Inc.

40,000

7.150%, 

2/1/2032

44,303

Sunoco,

LP/Sunoco

Finance

Corporation

90,000

5.875%, 

3/15/2028

89,139

49,000

4.500%, 

4/30/2030

44,870

Tallgrass

Energy

Partners

LP/

Tallgrass

Energy

Finance

Corporation

100,000

5.500%, 

1/15/2028

a

96,348

Talos

Production,

Inc.

17,000

9.000%, 

2/1/2029

a

18,053

Targa

Resources

Partners,

LP

106,000

4.875%, 

2/1/2031

101,472

Teine

Energy,

Ltd.

50,000

6.875%, 

4/15/2029

a

48,624

TransCanada

Trust

105,000

5.875%, 

8/15/2076

c

102,021

Transocean

Titan

Financing,

Ltd.

55,000

8.375%, 

2/1/2028

a

57,239

Transocean,

Inc.

50,000

11.500%, 

1/30/2027

a,g

52,111

65,700

8.750%, 

2/15/2030

a,g

68,504

USA

Compression

Partners,

LP/

USA

Compression

Finance

Corporation

65,000

6.875%, 

4/1/2026

64,925

20,000

7.125%, 

3/15/2029

a

20,249

Valaris,

Ltd.

57,000

8.375%, 

4/30/2030

a

58,797

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

30

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Energy

(1.6%)

-

continued

Venture

Global

Calcasieu

Pass,

LLC

$

67,000

3.875%, 

8/15/2029

a

$

60,310

49,000

6.250%, 

1/15/2030

a

49,297

40,000

4.125%, 

8/15/2031

a

35,568

Venture

Global

LNG,

Inc.

117,000

8.375%, 

6/1/2031

a

120,658

45,000

9.875%, 

2/1/2032

a

48,498

Weatherford

International,

Ltd.

50,000

8.625%, 

4/30/2030

a

52,198

Williams

Companies,

Inc.

71,000

4.900%, 

3/15/2029

70,530

45,000

2.600%, 

3/15/2031

38,341

Total

6,838,318

Financials

(5.7%)

Acrisure,

LLC/Acrisure

Finance,

Inc.

42,000

6.000%, 

8/1/2029

a

38,517

AerCap

Holdings

NV

34,000

5.875%, 

10/10/2079

c

33,756

AerCap

Ireland

Capital

DAC/

AerCap

Global

Aviation

Trust

63,000

6.500%, 

7/15/2025

63,607

114,000

3.000%, 

10/29/2028

103,150

Air

Lease

Corporation

32,000

2.300%, 

2/1/2025

31,076

24,000

3.375%, 

7/1/2025

23,388

64,000

4.650%, 

6/15/2026

c,j

60,429

45,000

3.125%, 

12/1/2030

39,498

Aircastle,

Ltd.

55,000

5.250%, 

6/15/2026

a,c,j

52,389

45,000

2.850%, 

1/26/2028

a

40,394

Alliant

Holdings

Intermediate,

LLC/

Alliant

Holdings

Co-Issuer,

Inc.

37,000

6.750%, 

10/15/2027

a

36,453

41,000

6.750%, 

4/15/2028

a

41,289

36,000

5.875%, 

11/1/2029

a,g

33,444

28,000

7.000%, 

1/15/2031

a

28,281

Ally

Financial,

Inc.

67,000

5.750%, 

11/20/2025

g

66,517

88,000

4.700%, 

5/15/2026

c,g,j

75,446

45,000

8.000%, 

11/1/2031

50,125

15,000

6.700%, 

2/14/2033

15,155

American

Express

Company

50,000

3.550%, 

9/15/2026

c,j

46,280

82,000

6.338%, 

10/30/2026

c

83,082

102,000

2.550%, 

3/4/2027

95,264

American

Homes

4

Rent,

LP

45,000

2.375%, 

7/15/2031

36,550

American

International

Group,

Inc.

81,000

5.125%, 

3/27/2033

80,549

AmWINS

Group,

Inc.

23,000

6.375%, 

2/15/2029

a

23,124

67,000

4.875%, 

6/30/2029

a

62,537

Aon

North

America,

Inc.

80,000

5.750%, 

3/1/2054

82,016

Arbor

Realty

Trust,

Inc.,

Convertible

8,000

7.500%, 

8/1/2025

7,838

Ares

Capital

Corporation

18,000

4.250%, 

3/1/2025

17,705

104,000

2.150%, 

7/15/2026

95,766

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Financials

(5.7%)

-

continued

$

48,000

5.875%, 

3/1/2029

$

47,856

Arthur

J.

Gallagher

&

Company

60,000

5.750%, 

7/15/2054

60,082

Assurant,

Inc.

61,000

6.100%, 

2/27/2026

61,204

Australia

&

New

Zealand

Banking

Group,

Ltd.

102,000

2.950%, 

7/22/2030

a,c

98,010

Aviation

Capital

Group,

LLC

48,000

4.875%, 

10/1/2025

a

47,111

Avolon

Holdings

Funding,

Ltd.

89,000

4.250%, 

4/15/2026

a

85,896

80,000

5.750%, 

3/1/2029

a

79,613

BAC

Capital

Trust

XIV

92,000

5.991%, 

(TSFR3M

+

0.662%),

4/17/2024

c,j

75,024

Banco

Santander

Mexico

SA

17,000

5.375%, 

4/17/2025

a

16,935

Banco

Santander

SA

25,000

4.750%, 

11/12/2026

c,j

21,743

Bank

of

America

Corporation

70,000

4.200%, 

8/26/2024

69,579

158,000

6.250%, 

9/5/2024

c,j

158,180

83,000

6.100%, 

3/17/2025

c,j

83,229

85,000

1.319%, 

6/19/2026

c

80,798

32,000

1.197%, 

10/24/2026

c

29,951

80,000

6.125%, 

4/27/2027

c,j

80,218

70,000

1.734%, 

7/22/2027

c

64,536

84,000

4.376%, 

4/27/2028

c

82,000

134,000

3.593%, 

7/21/2028

c

127,364

65,000

4.948%, 

7/22/2028

c

64,504

125,000

5.819%, 

9/15/2029

c

128,167

179,000

3.974%, 

2/7/2030

c

169,628

159,000

2.687%, 

4/22/2032

c

134,586

65,000

2.572%, 

10/20/2032

c

53,926

82,000

2.972%, 

2/4/2033

c

69,736

60,000

5.468%, 

1/23/2035

c

60,391

42,000

3.846%, 

3/8/2037

c

37,131

Bank

of

Montreal

77,000

5.266%, 

12/11/2026

77,341

60,000

5.203%, 

2/1/2028

60,444

42,000

3.088%, 

1/10/2037

c

34,313

Bank

of

New

York

Mellon

Corporation

40,000

6.317%, 

10/25/2029

c

42,209

65,000

4.596%, 

7/26/2030

c

63,802

41,000

6.474%, 

10/25/2034

c

44,648

Bank

of

Nova

Scotia

51,000

4.900%, 

6/4/2025

c,j

50,185

45,000

1.050%, 

3/2/2026

41,617

Barclays

plc

41,000

2.852%, 

5/7/2026

c

39,741

80,000

5.501%, 

8/9/2028

c

79,770

68,000

4.972%, 

5/16/2029

c

66,641

51,000

6.224%, 

5/9/2034

c

52,601

41,000

7.119%, 

6/27/2034

c

43,695

Berkshire

Hathaway

Finance

Corporation

128,000

2.875%, 

3/15/2032

113,155

BlackRock

Funding,

Inc.

40,000

5.250%, 

3/14/2054

40,198

Blackstone

Mortgage

Trust,

Inc.,

Convertible

48,000

5.500%, 

3/15/2027

43,080

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

31

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Financials

(5.7%)

-

continued

Blue

Owl

Capital

Corporation

II

$

40,000

8.450%, 

11/15/2026

a,g

$

41,199

Blue

Owl

Credit

Income

Corporation

62,000

4.700%, 

2/8/2027

58,817

Blue

Owl

Technology

Finance

Corporation

22,000

4.750%, 

12/15/2025

a

21,154

67,000

3.750%, 

6/17/2026

a

62,043

Blue

Owl

Technology

Finance

Corporation

II

20,000

6.750%, 

4/4/2029

a,f

19,752

BNP

Paribas

SA

67,000

2.819%, 

11/19/2025

a,c

65,707

55,000

3.132%, 

1/20/2033

a,c

46,807

BPCE

SA

32,000

2.375%, 

1/14/2025

a

31,155

Bread

Financial

Holdings,

Inc.

34,000

9.750%, 

3/15/2029

a

35,383

Bread

Financial

Holdings,

Inc.,

Convertible

73,000

4.250%, 

6/15/2028

a,g

84,724

Brixmor

Operating

Partnership,

LP

73,000

2.250%, 

4/1/2028

64,822

Brookfield

Property

REIT,

Inc./BPR

Cumulus,

LLC/BPR

Nimbus,

LLC/GGSI

Sellco,

LLC

19,000

4.500%, 

4/1/2027

a

17,342

Burford

Capital

Global

Finance,

LLC

94,000

9.250%, 

7/1/2031

a

99,488

Camden

Property

Trust

37,000

4.900%, 

1/15/2034

36,005

Canadian

Imperial

Bank

of

Commerce

67,000

3.945%, 

8/4/2025

65,801

37,000

5.926%, 

10/2/2026

37,710

Capital

One

Financial

Corporation

28,000

3.950%, 

9/1/2026

c,j

24,872

61,000

3.273%, 

3/1/2030

c

54,952

Capital

One

NA

48,000

2.280%, 

1/28/2026

c

46,481

Castlelake

Aviation

Finance

DAC

44,000

5.000%, 

4/15/2027

a

42,379

Centene

Corporation

167,000

3.000%, 

10/15/2030

143,185

Charles

Schwab

Corporation

128,000

5.375%, 

6/1/2025

c,j

127,114

79,000

0.900%, 

3/11/2026

72,802

88,000

4.000%, 

6/1/2026

c,j

82,330

39,000

5.875%, 

8/24/2026

39,650

25,000

5.000%, 

6/1/2027

c,j

23,902

59,000

2.000%, 

3/20/2028

52,874

40,000

6.136%, 

8/24/2034

c

41,728

Citigroup,

Inc.

37,000

5.000%, 

9/12/2024

c,j

36,771

105,000

3.352%, 

4/24/2025

c

104,826

85,000

5.500%, 

9/13/2025

84,961

37,000

1.281%, 

11/3/2025

c

35,993

105,000

3.875%, 

2/18/2026

c,j

99,096

38,000

4.150%, 

11/15/2026

c,j

35,003

159,000

1.122%, 

1/28/2027

c

147,054

91,000

1.462%, 

6/9/2027

c

83,586

78,000

3.070%, 

2/24/2028

c

73,369

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Financials

(5.7%)

-

continued

$

29,000

7.375%, 

5/15/2028

c,g,j

$

30,153

55,000

7.625%, 

11/15/2028

c,j

57,743

180,000

4.075%, 

4/23/2029

c

172,330

41,000

6.174%, 

5/25/2034

c

41,635

Citizens

Financial

Group,

Inc.

65,000

4.000%, 

10/6/2026

c,j

55,959

CNA

Financial

Corporation

40,000

3.950%, 

5/15/2024

39,914

80,000

5.125%, 

2/15/2034

77,835

Coinbase

Global,

Inc.,

Convertible

266,000

0.500%, 

6/1/2026

g

291,081

Comerica,

Inc.

42,000

5.625%, 

7/1/2025

c,j

40,378

21,000

5.982%, 

1/30/2030

c

20,747

Commonwealth

Bank

of

Australia

54,000

2.688%, 

3/11/2031

a

44,913

Cooperatieve

Rabobank

UA

35,000

1.339%, 

6/24/2026

a,c

33,242

COPT

Defense

Properties,

LP

91,000

2.250%, 

3/15/2026

85,562

COPT

Defense

Properties,

LP,

Convertible

42,000

5.250%, 

9/15/2028

a

43,596

Corebridge

Financial,

Inc.

42,000

6.875%, 

12/15/2052

c

42,050

42,000

6.050%, 

9/15/2033

a

43,265

48,000

5.750%, 

1/15/2034

48,969

Credit

Acceptance

Corporation

79,000

9.250%, 

12/15/2028

a

84,971

Credit

Agricole

SA

45,000

3.250%, 

1/14/2030

a

39,943

Credit

Suisse

Group

AG

32,000

7.250%, 

9/12/2025

a,c,j,k

3,520

22,000

7.500%, 

12/11/2028

*,c,j,k

2,420

Dai-ichi

Life

Insurance

Company,

Ltd.

80,000

5.100%, 

10/28/2024

a,c,j

79,273

Deutsche

Bank

AG/New

York,

NY

152,000

2.129%, 

11/24/2026

c

143,338

64,000

2.311%, 

11/16/2027

c

58,513

58,000

6.819%, 

11/20/2029

c

60,633

62,000

3.742%, 

1/7/2033

c

51,212

Discover

Bank

90,000

5.974%, 

(USISOA05

+

1.730%),

8/9/2028

c

89,529

Discover

Financial

Services

19,000

6.700%, 

11/29/2032

20,084

Diversified

Healthcare

Trust

33,000

Zero

Coupon, 

1/15/2026

a

28,015

Drawbridge

Special

Opportunities

Fund,

LP

100,000

3.875%, 

2/15/2026

a

93,492

Elevance

Health,

Inc.

79,000

5.350%, 

10/15/2025

79,042

124,000

2.550%, 

3/15/2031

105,938

Enact

Holdings,

Inc.

37,000

6.500%, 

8/15/2025

a

36,993

Encore

Capital

Group,

Inc.,

Convertible

91,000

4.000%, 

3/15/2029

85,085

Extra

Space

Storage,

LP

39,000

5.900%, 

1/15/2031

40,349

44,000

2.400%, 

10/15/2031

36,200

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

32

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Financials

(5.7%)

-

continued

Fairfax

Financial

Holdings,

Ltd.

$

60,000

6.350%, 

3/22/2054

a

$

61,206

Federal

Realty

OP,

LP,

Convertible

108,000

3.250%, 

1/15/2029

a

104,814

Fifth

Third

Bancorp

84,000

4.500%, 

9/30/2025

c,j

80,908

44,000

4.772%, 

7/28/2030

c

42,358

Fifth

Third

Bank

NA

110,000

3.850%, 

3/15/2026

105,933

First

Horizon

Bank

67,000

5.750%, 

5/1/2030

g

63,396

FirstCash,

Inc.

55,000

5.625%, 

1/1/2030

a

52,265

Fortress

Transportation

and

Infrastructure

Investors,

LLC

65,000

6.500%, 

10/1/2025

a

64,903

24,000

9.750%, 

8/1/2027

a

24,851

15,000

5.500%, 

5/1/2028

a

14,534

Freedom

Mortgage

Corporation

27,000

7.625%, 

5/1/2026

a

26,958

22,000

12.000%, 

10/1/2028

a

23,980

Freedom

Mortgage

Holdings,

LLC

22,000

9.250%, 

2/1/2029

a

22,516

FS

KKR

Capital

Corporation

45,000

3.400%, 

1/15/2026

42,704

45,000

2.625%, 

1/15/2027

g

40,822

GGAM

Finance,

Ltd.

57,000

7.750%, 

5/15/2026

a

58,175

28,000

8.000%, 

6/15/2028

a

29,241

23,000

6.875%, 

4/15/2029

a

23,086

Global

Net

Lease,

Inc./Global

Net

Lease

Operating

Partnership,

LP

83,000

3.750%, 

12/15/2027

a

71,022

goeasy,

Ltd.

45,000

9.250%, 

12/1/2028

a

47,979

Goldman

Sachs

BDC,

Inc.

36,000

6.375%, 

3/11/2027

36,268

Goldman

Sachs

Group,

Inc.

46,000

5.500%, 

8/10/2024

c,j

45,607

31,000

3.500%, 

4/1/2025

30,413

32,000

4.250%, 

10/21/2025

31,399

51,000

0.855%, 

2/12/2026

c

48,852

33,000

3.650%, 

8/10/2026

c,j

30,141

57,000

4.125%, 

11/10/2026

c,j

52,906

60,000

1.948%, 

10/21/2027

c

55,153

42,000

2.640%, 

2/24/2028

c

39,118

124,000

3.615%, 

3/15/2028

c

118,610

86,000

4.482%, 

8/23/2028

c

84,077

90,000

3.814%, 

4/23/2029

c

85,317

44,000

3.800%, 

3/15/2030

41,206

44,000

2.615%, 

4/22/2032

c

36,927

45,000

2.383%, 

7/21/2032

c

36,916

Hartford

Financial

Services

Group,

Inc.

45,000

2.800%, 

8/19/2029

40,378

66,000

7.694%, 

(TSFR3M

+

2.387%),

2/12/2047

a,c

58,713

HAT

Holdings

I,

LLC/HAT

Holdings

II,

LLC,

Convertible

9,000

Zero

Coupon, 

5/1/2025

a

9,192

118,000

3.750%, 

8/15/2028

a

139,098

HSBC

Holdings

plc

20,000

6.375%, 

3/30/2025

c,j

19,858

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Financials

(5.7%)

-

continued

$

39,000

2.633%, 

11/7/2025

c

$

38,234

41,000

1.645%, 

4/18/2026

c

39,271

41,000

1.589%, 

5/24/2027

c

37,727

64,000

2.251%, 

11/22/2027

c

58,985

126,000

4.583%, 

6/19/2029

c

122,272

47,000

4.600%, 

12/17/2030

c,j

39,761

53,000

2.804%, 

5/24/2032

c

44,461

HUB

International,

Ltd.

78,000

5.625%, 

12/1/2029

a,g

73,135

53,000

7.375%, 

1/31/2032

a

53,357

Huntington

Bancshares,

Inc./OH

76,000

4.450%, 

10/15/2027

c,j

68,871

95,000

5.709%, 

2/2/2035

c

94,726

Icahn

Enterprises,

LP/Icahn

Enterprises

Finance

Corporation

40,000

6.375%, 

12/15/2025

39,676

41,000

6.250%, 

5/15/2026

39,578

65,000

5.250%, 

5/15/2027

58,743

ING

Groep

NV

90,000

1.726%, 

4/1/2027

c

83,535

46,000

6.083%, 

9/11/2027

c

46,568

Intercontinental

Exchange,

Inc.

62,000

4.350%, 

6/15/2029

60,357

Intesa

Sanpaolo

SPA

34,000

4.198%, 

6/1/2032

a,c

28,426

Invitation

Homes

Operating

Partnership,

LP

68,000

2.000%, 

8/15/2031

54,032

J.P.

Morgan

Chase

&

Company

44,000

8.868%, 

(TSFR3M

+

3.562%),

5/1/2024

c,j

43,924

111,000

5.000%, 

8/1/2024

c,j

110,637

73,000

4.600%, 

2/1/2025

c,j

71,767

63,000

1.561%, 

12/10/2025

c

61,250

31,000

2.083%, 

4/22/2026

c

29,870

40,000

3.650%, 

6/1/2026

c,j

37,990

190,000

1.045%, 

11/19/2026

c

177,155

90,000

1.578%, 

4/22/2027

c

83,440

81,000

2.947%, 

2/24/2028

c

76,107

134,000

4.005%, 

4/23/2029

c

128,442

45,000

2.069%, 

6/1/2029

c

39,917

179,000

4.493%, 

3/24/2031

c

173,058

42,000

2.963%, 

1/25/2033

c

35,861

44,000

4.912%, 

7/25/2033

c

43,082

42,000

5.717%, 

9/14/2033

c

42,838

29,000

5.350%, 

6/1/2034

c

29,112

36,000

6.254%, 

10/23/2034

c

38,462

20,000

5.336%, 

1/23/2035

c

20,078

J.P.

Morgan

Chase

Bank

NA

80,000

5.110%, 

12/8/2026

80,230

Jefferies

Finance,

LLC/JFIN

Co-

Issuer

Corporation

24,000

5.000%, 

8/15/2028

a

22,070

Jefferson

Capital

Holdings,

LLC

22,000

6.000%, 

8/15/2026

a

21,587

56,000

9.500%, 

2/15/2029

a

57,324

KeyBank

NA/Cleveland,

OH

67,000

3.900%, 

4/13/2029

60,160

77,000

5.000%, 

1/26/2033

71,374

Kilroy

Realty,

LP

58,000

4.250%, 

8/15/2029

53,230

28,000

6.250%, 

1/15/2036

27,351

Kite

Realty

Group,

LP

20,000

5.500%, 

3/1/2034

19,874

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

33

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Financials

(5.7%)

-

continued

Ladder

Capital

Finance

Holdings,

LLLP/Ladder

Capital

Finance

Corporation

$

28,000

4.250%, 

2/1/2027

a

$

26,196

47,000

4.750%, 

6/15/2029

a

42,724

LD

Holdings

Group,

LLC

21,000

6.125%, 

4/1/2028

a

17,403

Lincoln

National

Corporation

50,000

7.938%, 

(TSFR3M

+

2.619%),

5/17/2024

c

40,010

Lloyds

Banking

Group

plc

143,000

1.627%, 

5/11/2027

c

131,657

M&T

Bank

Corporation

96,000

3.500%, 

9/1/2026

c,j

73,633

Macquarie

Airfinance

Holdings,

Ltd.

73,000

6.400%, 

3/26/2029

a

74,155

Macquarie

Group,

Ltd.

89,000

1.629%, 

9/23/2027

a,c

80,753

Manufacturers

&

Traders

Trust

Company

83,000

4.700%, 

1/27/2028

79,971

Marsh

&

McLennan

Companies,

Inc.

40,000

2.375%, 

12/15/2031

33,357

MetLife,

Inc.

84,000

3.850%, 

9/15/2025

c,j

80,741

44,000

5.875%, 

3/15/2028

c,j

43,867

57,000

6.400%, 

12/15/2036

58,366

Metropolitan

Life

Global

Funding

I

73,000

2.950%, 

4/9/2030

a

64,758

Mid-America

Apartments,

LP

90,000

4.200%, 

6/15/2028

87,685

Mitsubishi

UFJ

Financial

Group,

Inc.

41,000

1.412%, 

7/17/2025

38,991

91,000

1.538%, 

7/20/2027

c

83,813

Mizuho

Financial

Group,

Inc.

97,000

1.554%, 

7/9/2027

c

89,181

93,000

2.564%, 

9/13/2031

76,131

40,000

5.748%, 

7/6/2034

c

41,306

Molina

Healthcare,

Inc.

54,000

4.375%, 

6/15/2028

a

50,762

Morgan

Stanley

34,000

2.720%, 

7/22/2025

c

33,657

88,000

1.164%, 

10/21/2025

c

85,685

24,000

5.000%, 

11/24/2025

23,852

69,000

2.188%, 

4/28/2026

c

66,568

76,000

6.138%, 

10/16/2026

c

76,869

39,000

0.985%, 

12/10/2026

c

36,132

90,000

1.593%, 

5/4/2027

c

83,249

93,000

1.512%, 

7/20/2027

c

85,356

28,000

5.123%, 

2/1/2029

c

27,932

134,000

3.622%, 

4/1/2031

c

122,895

42,000

2.943%, 

1/21/2033

c

35,697

44,000

4.889%, 

7/20/2033

c

42,675

42,000

5.250%, 

4/21/2034

c

41,672

47,000

5.424%, 

7/21/2034

c

47,146

78,000

2.484%, 

9/16/2036

c

61,689

MPT

Operating

Partnership,

LP/

MPT

Finance

Corporation

59,000

5.250%, 

8/1/2026

54,010

24,000

4.625%, 

8/1/2029

18,419

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Financials

(5.7%)

-

continued

Nasdaq,

Inc.

$

37,000

5.350%, 

6/28/2028

$

37,477

Nationstar

Mortgage

Holdings,

Inc.

49,000

6.000%, 

1/15/2027

a

48,305

NatWest

Group

plc

45,000

4.892%, 

5/18/2029

c

44,045

67,000

3.754%, 

11/1/2029

c

65,862

97,000

6.475%, 

6/1/2034

c

98,599

Necessity

Retail

REIT,

Inc./

American

Finance

Operating

Partner,

LP

33,000

4.500%, 

9/30/2028

a

28,244

New

York

Life

Global

Funding

43,000

4.550%, 

1/28/2033

a

41,481

40,000

5.000%, 

1/9/2034

a

39,573

Nippon

Life

Insurance

Company

168,000

5.100%, 

10/16/2044

a,c

166,868

NNN

REIT,

Inc.

45,000

2.500%, 

4/15/2030

38,508

Nomura

Holdings,

Inc.

67,000

2.172%, 

7/14/2028

58,956

Northern

Trust

Corporation

65,000

4.000%, 

5/10/2027

63,326

Office

Properties

Income

Trust

25,000

2.650%, 

6/15/2026

14,444

Omega

Healthcare

Investors,

Inc.

46,000

4.750%, 

1/15/2028

44,410

45,000

3.375%, 

2/1/2031

38,410

OneMain

Finance

Corporation

92,000

3.500%, 

1/15/2027

85,404

165,000

3.875%, 

9/15/2028

147,193

Osaic

Holdings,

Inc.

16,000

10.750%, 

8/1/2027

a

16,542

Panther

Escrow

Issuer,

LLC

80,000

7.125%, 

6/1/2031

a,f

81,337

Park

Intermediate

Holdings,

LLC

93,000

4.875%, 

5/15/2029

a

86,483

Pebblebrook

Hotel

Trust,

Convertible

248,000

1.750%, 

12/15/2026

222,431

Pine

Street

Trust

I

45,000

4.572%, 

2/15/2029

a

42,769

PNC

Bank

NA

45,000

2.700%, 

10/22/2029

39,071

PNC

Financial

Services

Group,

Inc.

102,000

5.671%, 

10/28/2025

c

101,981

60,000

3.400%, 

9/15/2026

c,j

52,442

42,000

6.200%, 

9/15/2027

c,j

41,891

36,000

5.582%, 

6/12/2029

c

36,439

58,000

6.250%, 

3/15/2030

c,j

56,212

40,000

6.875%, 

10/20/2034

c

43,801

PRA

Group,

Inc.

14,000

7.375%, 

9/1/2025

a

13,975

86,000

8.375%, 

2/1/2028

a

85,587

Principal

Life

Global

Funding

II

68,000

1.250%, 

8/16/2026

a

61,773

Prologis

Targeted

US

Logistics

Fund,

LP

58,000

5.250%, 

4/1/2029

a

57,834

Prologis,

LP

48,000

5.250%, 

3/15/2054

47,140

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

34

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Financials

(5.7%)

-

continued

$

75,000

3.375%, 

12/15/2027

$

71,175

Provident

Financing

Trust

I

42,000

7.405%, 

3/15/2038

46,145

Prudential

Financial,

Inc.

42,000

5.125%, 

3/1/2052

c

39,368

43,000

6.750%, 

3/1/2053

c

44,728

128,000

6.500%, 

3/15/2054

c

129,770

42,000

3.700%, 

10/1/2050

c

36,712

Public

Storage

Operating

Company

43,000

5.100%, 

8/1/2033

43,187

QBE

Insurance

Group,

Ltd.

40,000

5.875%, 

5/12/2025

a,c,g,j

39,595

Quicken

Loans,

LLC

66,000

3.875%, 

3/1/2031

a

57,499

Realty

Income

Corporation

45,000

4.875%, 

6/1/2026

44,726

75,000

3.200%, 

1/15/2027

70,909

50,000

3.950%, 

8/15/2027

48,457

Redwood

Trust,

Inc.,

Convertible

13,000

7.750%, 

6/15/2027

12,448

Regency

Centers,

LP

61,000

5.250%, 

1/15/2034

60,768

Regions

Financial

Corporation

40,000

2.250%, 

5/18/2025

38,459

49,000

5.750%, 

6/15/2025

c,j

48,271

Reinsurance

Group

of

America,

Inc.

44,000

6.000%, 

9/15/2033

45,628

RGA

Global

Funding

37,000

5.500%, 

1/11/2031

a

37,102

RHP

Hotel

Properties,

LP/RHP

Finance

Corporation

54,000

7.250%, 

7/15/2028

a

55,610

RLJ

Lodging

Trust,

LP

25,000

3.750%, 

7/1/2026

a

23,808

68,000

4.000%, 

9/15/2029

a

59,943

Rocket

Mortgage,

LLC/Rocket

Mortgage

Co-Issuer,

Inc.

60,000

3.625%, 

3/1/2029

a

53,973

Santander

Holdings

USA,

Inc.

90,000

3.450%, 

6/2/2025

87,486

41,000

2.490%, 

1/6/2028

c

37,261

Santander

UK

Group

Holdings

plc

92,000

1.673%, 

6/14/2027

c

84,159

Service

Properties

Trust

27,000

7.500%, 

9/15/2025

27,364

14,000

5.250%, 

2/15/2026

13,544

31,000

8.625%, 

11/15/2031

a

33,060

Simon

Property

Group,

LP

73,000

2.650%, 

7/15/2030

63,752

41,000

6.250%, 

1/15/2034

43,843

SLM

Corporation

30,000

4.200%, 

10/29/2025

29,275

Societe

Generale

SA

39,000

2.625%, 

10/16/2024

a

38,329

41,000

1.488%, 

12/14/2026

a,c

38,089

Standard

Chartered

plc

40,000

6.000%, 

7/26/2025

a,c,g,j

39,447

63,000

2.608%, 

1/12/2028

a,c

58,063

Starwood

Property

Trust,

Inc.,

Convertible

100,000

6.750%, 

7/15/2027

g

106,000

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Financials

(5.7%)

-

continued

State

Street

Corporation

$

36,000

5.272%, 

8/3/2026

$

36,194

28,000

6.700%, 

3/15/2029

c,j

28,412

44,000

4.421%, 

5/13/2033

c

42,015

Sumitomo

Life

Insurance

Company

95,000

3.375%, 

4/15/2081

a,c

82,204

Sumitomo

Mitsui

Financial

Group,

Inc.

63,000

2.174%, 

1/14/2027

58,344

75,000

5.716%, 

9/14/2028

77,113

67,000

2.142%, 

9/23/2030

55,496

54,000

5.766%, 

1/13/2033

56,266

Sumitomo

Mitsui

Trust

Bank,

Ltd.

35,000

1.050%, 

9/12/2025

a

32,919

Summit

Hotel

Properties,

Inc.,

Convertible

101,000

1.500%, 

2/15/2026

89,941

Synchrony

Financial

38,000

4.250%, 

8/15/2024

37,755

29,000

7.250%, 

2/2/2033

28,791

Synovus

Bank

40,000

5.625%, 

2/15/2028

38,844

Toronto-Dominion

Bank

32,000

8.125%, 

10/31/2082

c

33,563

39,000

5.156%, 

1/10/2028

39,250

57,000

5.523%, 

7/17/2028

58,213

44,000

4.456%, 

6/8/2032

g

42,138

Truist

Bank

42,000

2.250%, 

3/11/2030

34,954

Truist

Financial

Corporation

74,000

6.047%, 

6/8/2027

c

74,999

37,000

1.887%, 

6/7/2029

c

32,117

95,000

5.100%, 

3/1/2030

c,j

88,373

56,000

5.711%, 

1/24/2035

c

56,242

U.S.

Bancorp

74,000

5.727%, 

10/21/2026

c

74,400

65,000

4.548%, 

7/22/2028

c

63,706

19,000

5.836%, 

6/12/2034

c

19,366

56,000

5.678%, 

1/23/2035

c

56,545

UBS

Group

AG

34,000

2.593%, 

9/11/2025

a,c

33,517

78,000

2.193%, 

6/5/2026

a,c

74,782

60,000

4.875%, 

2/12/2027

a,c,j

55,093

88,000

3.869%, 

1/12/2029

a,c

83,216

UDR,

Inc.

89,000

3.000%, 

8/15/2031

77,254

United

Wholesale

Mortgage,

LLC

16,000

5.500%, 

11/15/2025

a

15,856

39,000

5.500%, 

4/15/2029

a

36,886

UnitedHealth

Group,

Inc.

119,000

5.375%, 

4/15/2054

121,029

88,000

4.200%, 

5/15/2032

83,631

USB

Realty

Corporation

49,000

6.723%, 

(TSFR3M

+

1.409%),

1/15/2027

a,c,j

37,712

Ventas

Realty,

LP

35,000

3.750%, 

5/1/2024

34,940

Ventas

Realty,

LP,

Convertible

124,000

3.750%, 

6/1/2026

a

123,752

Vornado

Realty,

LP

21,000

3.400%, 

6/1/2031

16,620

Wells

Fargo

&

Company

106,000

2.406%, 

10/30/2025

c

103,981

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

35

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Financials

(5.7%)

-

continued

$

116,000

3.900%, 

3/15/2026

c,j

$

110,365

119,000

2.188%, 

4/30/2026

c

114,600

50,000

6.076%, 

(TSFR3M

+

0.762%),

1/15/2027

c

48,712

41,000

3.526%, 

3/24/2028

c

39,023

89,000

3.584%, 

5/22/2028

c

84,613

65,000

4.808%, 

7/25/2028

c

64,046

58,000

7.625%, 

9/15/2028

c,g,j

61,985

90,000

4.478%, 

4/4/2031

c

86,176

29,000

5.389%, 

4/24/2034

c

28,819

40,000

5.557%, 

7/25/2034

c

40,154

37,000

6.491%, 

10/23/2034

c

39,685

161,000

5.499%, 

1/23/2035

c

161,379

Wells

Fargo

Bank

NA

73,000

4.811%, 

1/15/2026

72,625

Welltower

OP,

LLC,

Convertible

190,000

2.750%, 

5/15/2028

a

211,489

Westpac

Banking

Corporation

67,000

4.110%, 

7/24/2034

c

61,885

Willis

North

America,

Inc.

40,000

5.900%, 

3/5/2054

40,494

90,000

4.500%, 

9/15/2028

87,688

XHR,

LP

25,000

6.375%, 

8/15/2025

a

25,032

27,000

4.875%, 

6/1/2029

a

24,998

Total

23,628,853

Foreign

Government

(<0.1%)

NBN

Company,

Ltd.

82,000

2.625%, 

5/5/2031

a

69,751

Total

69,751

Mortgage-Backed

Securities

(14.9%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

338,221

2.000%, 

1/1/2052

270,964

1,788,680

2.500%, 

5/1/2051

1,493,934

994,639

3.500%, 

5/1/2052

890,636

1,090,561

4.000%, 

5/1/2052

1,018,167

2,434,546

3.500%, 

6/1/2052

2,181,520

2,742,815

5.000%, 

7/1/2053

2,693,643

738,570

5.500%, 

7/1/2053

740,224

312,365

5.000%, 

8/1/2053

307,741

389,027

5.500%, 

9/1/2053

390,717

Federal

Home

Loan

Mortgage

Corporation

Gold

15-Yr.

Pass

Through

1,093,708

2.500%, 

7/1/2030

1,028,094

Federal

National

Mortgage

Association

Conventional

15-Yr.

Pass

Through

5,600,000

4.500%, 

4/1/2039

f

5,513,127

Federal

National

Mortgage

Association

Conventional

20-Yr.

Pass

Through

897,528

3.500%, 

5/1/2040

839,933

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

2,731,635

3.000%, 

1/1/2052

2,369,335

409,660

2.000%, 

2/1/2051

328,295

262,406

2.000%, 

2/1/2051

210,288

1,242,368

2.500%, 

2/1/2051

1,037,006

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Mortgage-Backed

Securities

(14.9%)

-

continued

$

1,355,117

2.500%, 

2/1/2051

$

1,120,956

2,594,840

2.000%, 

3/1/2051

2,061,312

1,316,405

4.000%, 

3/1/2051

1,241,991

2,798,968

3.000%, 

3/1/2052

2,415,600

1,787,932

2.000%, 

4/1/2051

1,423,135

1,680,794

3.000%, 

4/1/2051

1,454,095

1,741,554

3.000%, 

5/1/2050

1,515,460

480,467

2.000%, 

5/1/2051

383,183

875,299

3.000%, 

5/1/2051

768,518

927,107

3.000%, 

6/1/2050

818,445

362,506

4.000%, 

6/1/2052

336,224

1,591,641

5.000%, 

6/1/2053

1,566,521

2,015,806

2.500%, 

7/1/2051

1,689,468

682,090

3.500%, 

7/1/2051

619,814

1,050,216

4.000%, 

7/1/2052

974,133

839,029

2.500%, 

8/1/2050

708,444

1,449,205

3.500%, 

8/1/2050

1,320,095

1,175,811

4.500%, 

8/1/2052

1,124,168

410,723

5.000%, 

8/1/2053

404,241

1,219,221

3.500%, 

9/1/2052

1,097,409

528,522

3.500%, 

9/1/2052

f

475,717

362,399

5.000%, 

9/1/2052

354,462

286,637

4.500%, 

9/1/2053

274,762

923,952

4.500%, 

9/1/2053

881,219

1,808,594

4.000%, 

10/1/2052

1,681,128

494,566

2.000%, 

11/1/2051

394,949

1,960,758

2.000%, 

12/1/2050

1,568,916

3,388,874

4.500%, 

12/1/2052

3,250,958

3,600,000

5.500%, 

4/1/2042

f

3,582,131

1,000,000

4.500%, 

4/1/2049

f

952,222

950,000

5.000%, 

4/1/2049

f

926,880

Federal

National

Mortgage

Association

Conventional

40-Yr.

Pass

Through

2,278,910

2.500%, 

3/1/2062

1,823,947

804,459

3.500%, 

7/1/2061

706,010

935,200

4.000%, 

12/1/2061

855,551

Total

62,085,688

Technology

(1.7%)

Advanced

Micro

Devices,

Inc.

44,000

3.924%, 

6/1/2032

41,381

Akamai

Technologies,

Inc.,

Convertible

56,000

0.125%, 

5/1/2025

66,052

154,000

0.375%, 

9/1/2027

162,085

66,000

1.125%, 

2/15/2029

a

67,683

Analog

Devices,

Inc.

22,000

2.100%, 

10/1/2031

18,245

Apple,

Inc.

83,000

1.650%, 

2/8/2031

68,927

201,000

3.750%, 

9/12/2047

165,712

AthenaHealth

Group,

Inc.

113,000

6.500%, 

2/15/2030

a,g

103,352

Block,

Inc.,

Convertible

43,000

0.125%, 

3/1/2025

g

43,967

255,000

0.250%, 

11/1/2027

212,542

Broadcom

Corporation/Broadcom

Cayman

Finance,

Ltd.

67,000

3.875%, 

1/15/2027

64,952

Broadcom,

Inc.

41,000

4.000%, 

4/15/2029

a

39,056

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

36

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Technology

(1.7%)

-

continued

Cisco

Systems,

Inc.

$

80,000

5.350%, 

2/26/2064

$

81,988

Cloud

Software

Group,

Inc.

148,000

6.500%, 

3/31/2029

a

140,446

55,000

9.000%, 

9/30/2029

a

52,751

CommScope,

Inc.

45,000

7.125%, 

7/1/2028

a

17,801

Consensus

Cloud

Solutions,

Inc.

14,000

6.000%, 

10/15/2026

a

13,306

CoreLogic,

Inc.

17,000

4.500%, 

5/1/2028

a

15,243

CSG

Systems

International,

Inc.,

Convertible

120,000

3.875%, 

9/15/2028

a

118,092

Dayforce,

Inc.,

Convertible

61,000

0.250%, 

3/15/2026

55,815

Dell

International,

LLC/EMC

Corporation

29,000

5.300%, 

10/1/2029

29,356

Dell,

Inc.

53,000

6.500%, 

4/15/2038

56,779

Euronet

Worldwide,

Inc.,

Convertible

100,000

0.750%, 

3/15/2049

g

96,950

Fiserv,

Inc.

72,000

2.750%, 

7/1/2024

71,463

78,000

5.350%, 

3/15/2031

78,909

20,000

5.600%, 

3/2/2033

20,390

78,000

5.450%, 

3/15/2034

79,000

Gen

Digital,

Inc.

2,000

6.750%, 

9/30/2027

a

2,029

34,000

7.125%, 

9/30/2030

a

34,933

Global

Payments,

Inc.

48,000

5.950%, 

8/15/2052

47,886

17,000

2.650%, 

2/15/2025

16,562

64,000

4.950%, 

8/15/2027

63,488

45,000

3.200%, 

8/15/2029

40,430

Global

Payments,

Inc.,

Convertible

229,000

1.500%, 

3/1/2031

a

242,053

IBM

International

Capital

Private,

Ltd.

59,000

5.300%, 

2/5/2054

57,613

II-VI,

Inc.

26,000

5.000%, 

12/15/2029

a

24,488

Intel

Corporation

78,000

5.600%, 

2/21/2054

79,474

84,000

5.125%, 

2/10/2030

85,277

InterDigital,

Inc.,

Convertible

188,000

3.500%, 

6/1/2027

269,525

Iron

Mountain,

Inc.

63,000

4.875%, 

9/15/2027

a

60,911

120,000

5.000%, 

7/15/2028

a

114,802

47,000

4.875%, 

9/15/2029

a

44,095

66,000

4.500%, 

2/15/2031

a

59,548

Jabil,

Inc.

41,000

5.450%, 

2/1/2029

41,206

Lumentum

Holdings,

Inc.,

Convertible

298,000

0.500%, 

6/15/2028

g

229,986

52,000

1.500%, 

12/15/2029

a

48,855

Marvell

Technology,

Inc.

44,000

2.950%, 

4/15/2031

38,012

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Technology

(1.7%)

-

continued

Mastercard,

Inc.

$

40,000

2.000%, 

11/18/2031

$

33,060

McAfee

Corporation

28,000

7.375%, 

2/15/2030

a

25,677

Microchip

Technology,

Inc.

25,000

5.050%, 

3/15/2029

25,004

Microchip

Technology,

Inc.,

Convertible

224,000

0.125%, 

11/15/2024

g

237,664

Micron

Technology,

Inc.

44,000

5.300%, 

1/15/2031

44,254

Moody's

Corporation

42,000

4.250%, 

8/8/2032

39,959

NCR

Atleos

Corporation

23,000

9.500%, 

4/1/2029

a

24,601

NCR

Voyix

Corporation

89,000

5.125%, 

4/15/2029

a

82,543

Neptune

Bidco

US,

Inc.

58,000

9.290%, 

4/15/2029

a

54,843

Newfold

Digital

Holdings

Group,

Inc.

17,000

11.750%, 

10/15/2028

a

18,401

NXP

BV/NXP

Funding,

LLC/NXP

USA,

Inc.

17,000

2.700%, 

5/1/2025

16,497

45,000

4.300%, 

6/18/2029

43,362

ON

Semiconductor

Corporation,

Convertible

159,000

Zero

Coupon, 

5/1/2027

233,491

11,000

0.500%, 

3/1/2029

10,824

Open

Text

Corporation

74,000

3.875%, 

12/1/2029

a

65,934

80,000

4.125%, 

2/15/2030

a

71,670

Oracle

Corporation

141,000

6.900%, 

11/9/2052

162,242

43,000

6.150%, 

11/9/2029

45,319

112,000

2.950%, 

4/1/2030

99,663

64,000

6.250%, 

11/9/2032

68,476

PayPal

Holdings,

Inc.

45,000

2.850%, 

10/1/2029

40,694

52,000

2.300%, 

6/1/2030

44,852

Pitney

Bowes,

Inc.

14,000

6.875%, 

3/15/2027

a

12,784

Progress

Software

Corporation,

Convertible

57,000

1.000%, 

4/15/2026

58,995

PTC,

Inc.

40,000

3.625%, 

2/15/2025

a

39,165

60,000

4.000%, 

2/15/2028

a

56,074

RingCentral,

Inc.

55,000

8.500%, 

8/15/2030

a

57,185

S&P

Global,

Inc.

41,000

2.900%, 

3/1/2032

35,731

Salesforce.com,

Inc.

117,000

1.950%, 

7/15/2031

97,123

Seagate

HDD

Cayman

34,000

8.500%, 

7/15/2031

a

36,743

64,330

9.625%, 

12/1/2032

73,291

Semtech

Corporation,

Convertible

90,000

1.625%, 

11/1/2027

g

88,479

22,000

4.000%, 

11/1/2028

a

33,488

Sensata

Technologies,

Inc.

58,000

3.750%, 

2/15/2031

a

50,170

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

37

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Technology

(1.7%)

-

continued

Shift4

Payments,

LLC/Shift4

Payments

Finance

Sub,

Inc.

$

20,000

4.625%, 

11/1/2026

a

$

19,337

SS&C

Technologies,

Inc.

81,000

5.500%, 

9/30/2027

a

79,198

Texas

Instruments,

Inc.

40,000

5.150%, 

2/8/2054

40,154

UKG,

Inc.

56,000

6.875%, 

2/1/2031

a

57,049

Verint

Systems,

Inc.,

Convertible

143,000

0.250%, 

4/15/2026

g

134,063

Viavi

Solutions,

Inc.

55,000

3.750%, 

10/1/2029

a

47,190

Viavi

Solutions,

Inc.,

Convertible

78,000

1.625%, 

3/15/2026

75,660

Vishay

Intertechnology,

Inc.,

Convertible

219,000

2.250%, 

9/15/2030

a

209,145

VMware,

LLC

91,000

1.400%, 

8/15/2026

83,106

56,000

2.200%, 

8/15/2031

45,572

Western

Digital

Corporation,

Convertible

241,000

3.000%, 

11/15/2028

a

353,186

Xerox

Holdings

Corporation

7,000

5.000%, 

8/15/2025

a

6,907

42,000

5.500%, 

8/15/2028

a

38,240

Xilinx,

Inc.

28,000

2.375%, 

6/1/2030

24,295

Ziff

Davis,

Inc.,

Convertible

176,000

1.750%, 

11/1/2026

166,531

Total

7,091,307

Transportation

(0.4%)

Air

Transport

Services

Group,

Inc.,

Convertible

111,000

3.875%, 

8/15/2029

a,g

91,829

American

Airlines

Group,

Inc.

17,000

3.750%, 

3/1/2025

a

16,528

American

Airlines,

Inc.

40,000

8.500%, 

5/15/2029

a

42,258

American

Airlines,

Inc./

AAdvantage

Loyalty

IP,

Ltd.

170,250

5.500%, 

4/20/2026

a

169,091

Avis

Budget

Car

Rental,

LLC/Avis

Budget

Finance,

Inc.

35,000

5.375%, 

3/1/2029

a,g

32,620

Canadian

Pacific

Railway

Company

83,000

1.750%, 

12/2/2026

76,236

Delta

Air

Lines,

Inc.

82,000

4.375%, 

4/19/2028

79,561

Delta

Air

Lines,

Inc./SkyMiles

IP,

Ltd.

55,929

4.500%, 

10/20/2025

a

55,361

ERAC

USA

Finance,

LLC

84,000

3.850%, 

11/15/2024

a

83,073

80,000

5.200%, 

10/30/2034

a

79,764

Hawaiian

Brand

Intellectual

Property,

Ltd.

45,000

5.750%, 

1/20/2026

a

42,231

Hertz

Corporation

31,000

4.625%, 

12/1/2026

a

28,134

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Transportation

(0.4%)

-

continued

$

35,000

5.000%, 

12/1/2029

a,g

$

27,047

Mileage

Plus

Holdings,

LLC

76,700

6.500%, 

6/20/2027

a

77,123

Norfolk

Southern

Corporation

64,000

4.450%, 

3/1/2033

61,397

Penske

Truck

Leasing

Company,

LP/PTL

Finance

Corporation

35,000

1.200%, 

11/15/2025

a

32,651

35,000

5.750%, 

5/24/2026

a

35,253

47,000

1.700%, 

6/15/2026

a

43,347

Rand

Parent,

LLC

61,000

8.500%, 

2/15/2030

a,g

60,406

RXO,

Inc.

62,000

7.500%, 

11/15/2027

a

63,627

Ryder

System,

Inc.

37,000

2.850%, 

3/1/2027

34,683

Southwest

Airlines

Company

42,000

5.125%, 

6/15/2027

41,917

Southwest

Airlines

Company,

Convertible

218,000

1.250%, 

5/1/2025

220,616

Spirit

Loyalty

Cayman,

Ltd.

20,000

8.000%, 

9/20/2025

a

15,182

Stena

International

SA

45,000

7.250%, 

1/15/2031

a

44,885

United

Airlines,

Inc.

55,000

4.375%, 

4/15/2026

a

53,171

VistaJet

Malta

Finance

plc/Vista

Management

Holding,

Inc.

17,000

7.875%, 

5/1/2027

a

14,372

75,000

6.375%, 

2/1/2030

a,g

55,284

Total

1,677,647

U.S.

Government

&

Agencies

(5.4%)

U.S.

Treasury

Bonds

3,200,000

4.750%, 

11/15/2053

3,416,000

2,190,000

3.250%, 

5/15/2042

1,861,585

4,510,000

3.375%, 

8/15/2042

3,895,512

U.S.

Treasury

Notes

1,550,000

0.500%, 

3/31/2025

1,482,360

2,900,000

4.250%, 

12/31/2025

2,876,098

1,620,000

0.500%, 

2/28/2026

1,497,298

870,000

0.500%, 

4/30/2027

772,839

1,550,000

1.125%, 

2/29/2028

1,373,021

3,100,000

4.125%, 

7/31/2028

3,080,625

715,000

1.375%, 

11/15/2031

584,010

900,000

4.125%, 

11/15/2032

893,848

832,000

3.375%, 

5/15/2033

779,415

Total

22,512,611

Utilities

(1.6%)

AEP

Texas,

Inc.

45,000

4.700%, 

5/15/2032

42,949

AES

Corporation

72,000

3.950%, 

7/15/2030

a

65,483

Algonquin

Power

&

Utilities

Corporation

50,000

4.750%, 

1/18/2082

c

44,078

Alliant

Energy

Corporation,

Convertible

86,000

3.875%, 

3/15/2026

84,581

Ameren

Corporation

45,000

1.750%, 

3/15/2028

39,729

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

38

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Utilities

(1.6%)

-

continued

American

Electric

Power

Company,

Inc.

$

39,000

5.200%, 

1/15/2029

$

39,092

44,000

2.300%, 

3/1/2030

37,434

20,000

5.625%, 

3/1/2033

20,305

American

Water

Capital

Corporation

58,000

5.450%, 

3/1/2054

58,495

American

Water

Capital

Corporation,

Convertible

101,000

3.625%, 

6/15/2026

a

98,626

Arizona

Public

Service

Company

37,000

5.550%, 

8/1/2033

37,416

Atmos

Energy

Corporation

40,000

5.900%, 

11/15/2033

42,432

Calpine

Corporation

56,000

4.500%, 

2/15/2028

a

53,114

CenterPoint

Energy,

Inc.

34,000

2.500%, 

9/1/2024

33,560

56,000

1.450%, 

6/1/2026

51,716

67,000

2.650%, 

6/1/2031

56,748

CenterPoint

Energy,

Inc.,

Convertible

163,000

4.250%, 

8/15/2026

a

161,452

CMS

Energy

Corporation,

Convertible

117,000

3.375%, 

5/1/2028

a

115,070

Constellation

Energy

Generation,

LLC

60,000

5.750%, 

3/15/2054

60,101

41,000

5.800%, 

3/1/2033

42,261

Dominion

Energy,

Inc.

35,000

3.071%, 

8/15/2024

34,622

45,000

3.375%, 

4/1/2030

40,896

DTE

Energy

Company

65,000

4.220%, 

11/1/2024

64,400

42,000

4.875%, 

6/1/2028

41,525

Duke

Energy

Carolinas,

LLC

121,000

5.400%, 

1/15/2054

120,417

Duke

Energy

Corporation

56,000

3.250%, 

1/15/2082

c

49,764

22,000

4.875%, 

9/16/2024

c,j

21,808

89,000

2.450%, 

6/1/2030

76,649

43,000

4.500%, 

8/15/2032

40,762

44,000

5.750%, 

9/15/2033

45,199

Duke

Energy

Corporation,

Convertible

270,000

4.125%, 

4/15/2026

a

266,760

Duke

Energy

Ohio,

Inc.

40,000

5.550%, 

3/15/2054

39,896

Edison

International

28,000

7.875%, 

6/15/2054

c

28,765

54,000

4.950%, 

4/15/2025

53,565

55,000

5.000%, 

12/15/2026

c,j

52,107

Enel

Finance

International

NV

93,000

1.375%, 

7/12/2026

a

85,073

Entergy

Corporation

34,000

0.900%, 

9/15/2025

31,870

45,000

1.900%, 

6/15/2028

39,711

Evergy,

Inc.

34,000

2.450%, 

9/15/2024

33,470

Evergy,

Inc.,

Convertible

170,000

4.500%, 

12/15/2027

a

172,805

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Utilities

(1.6%)

-

continued

Eversource

Energy

$

90,000

4.600%, 

7/1/2027

$

88,458

Exelon

Corporation

157,000

5.600%, 

3/15/2053

156,707

45,000

4.050%, 

4/15/2030

42,439

Fells

Point

Funding

Trust

100,000

3.046%, 

1/31/2027

a

93,822

FirstEnergy

Corporation,

Convertible

295,000

4.000%, 

5/1/2026

a

293,230

Georgia

Power

Company

25,000

4.950%, 

5/17/2033

24,649

ITC

Holdings

Corporation

43,000

4.950%, 

9/22/2027

a

42,692

Jersey

Central

Power

&

Light

Company

80,000

2.750%, 

3/1/2032

a

66,473

MidAmerican

Energy

Company

161,000

5.300%, 

2/1/2055

159,261

National

Rural

Utilities

Cooperative

Finance

Corporation

40,000

4.850%, 

2/7/2029

39,965

NextEra

Energy

Capital

Holdings,

Inc.

31,000

3.800%, 

3/15/2082

c

28,124

40,000

6.051%, 

3/1/2025

40,152

60,000

5.749%, 

9/1/2025

60,257

45,000

2.250%, 

6/1/2030

38,316

NextEra

Energy

Operating

Partners,

LP

103,000

3.875%, 

10/15/2026

a

96,059

NextEra

Energy

Partners,

LP,

Convertible

52,000

Zero

Coupon, 

6/15/2024

a

51,220

208,000

Zero

Coupon, 

11/15/2025

a,g

184,600

NiSource,

Inc.

45,000

2.950%, 

9/1/2029

40,641

Northern

States

Power

Company/

MN

40,000

5.400%, 

3/15/2054

40,281

NRG

Energy,

Inc.

34,000

2.000%, 

12/2/2025

a

31,910

46,000

10.250%, 

3/15/2028

a,c,j

49,345

24,000

3.375%, 

2/15/2029

a

21,322

35,000

5.250%, 

6/15/2029

a

33,460

NRG

Energy,

Inc.,

Convertible

194,000

2.750%, 

6/1/2048

320,973

Pacific

Gas

and

Electric

Company

40,000

6.750%, 

1/15/2053

43,571

78,000

5.550%, 

5/15/2029

78,681

82,000

6.950%, 

3/15/2034

89,771

PG&E

Corporation

65,000

5.000%, 

7/1/2028

62,599

PG&E

Corporation,

Convertible

230,000

4.250%, 

12/1/2027

a

231,035

PPL

Capital

Funding,

Inc.,

Convertible

170,000

2.875%, 

3/15/2028

162,690

Public

Service

Enterprise

Group,

Inc.

40,000

5.875%, 

10/15/2028

41,185

45,000

1.600%, 

8/15/2030

36,329

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

39

Principal

Amount

Long-Term

Fixed

Income

(47.6%)

Value

Utilities

(1.6%)

-

continued

San

Diego

Gas

&

Electric

Company

$

40,000

5.550%, 

4/15/2054

$

40,575

Sempra

84,000

4.875%, 

10/15/2025

c,j

82,189

Southern

California

Edison

Company

21,000

5.950%, 

11/1/2032

22,022

Southern

Company

44,000

4.475%, 

8/1/2024

43,781

53,000

5.700%, 

10/15/2032

54,635

35,000

4.000%, 

1/15/2051

c

33,648

109,000

3.750%, 

9/15/2051

c

101,893

Southern

Company,

Convertible

265,000

3.875%, 

12/15/2025

263,675

Talen

Energy

Supply,

LLC

55,000

8.625%, 

6/1/2030

a

58,814

TerraForm

Power

Operating,

LLC

104,000

5.000%, 

1/31/2028

a

99,051

Virginia

Electric

and

Power

Company

55,000

5.350%, 

1/15/2054

53,912

Vistra

Operations

Company,

LLC

88,000

5.125%, 

5/13/2025

a

87,222

171,000

5.000%, 

7/31/2027

a

165,584

Xcel

Energy,

Inc.

45,000

4.000%, 

6/15/2028

42,891

64,000

4.600%, 

6/1/2032

60,183

Total

6,524,998

Total

Long-Term

Fixed

Income

(cost

$204,353,418)

198,355,214

Shares

Common

Stock

(

33

.3

%

)

Value

Communications

Services

(2.2%)

4,820

Alphabet,

Inc.,

Class

A

l

727,483

18,675

Alphabet,

Inc.,

Class

C

l

2,843,456

14,552

Comcast

Corporation

630,829

2,178

Electronic

Arts,

Inc.

288,955

625

Emerald

Holding,

Inc.

l

4,256

6,195

Meta

Platforms,

Inc.

3,008,168

298

Netflix,

Inc.

l

180,984

8,946

QuinStreet,

Inc.

l

157,986

1,144

Tripadvisor,

Inc.

l

31,792

21,112

Verizon

Communications,

Inc.

885,860

21,491

Warner

Brothers

Discovery,

Inc.

l

187,616

316

Windstream

Services,

LLC

l

3,002

2,140

Ziff

Davis,

Inc.

l

134,906

Total

9,085,293

Consumer

Discretionary

(3.6%)

21,079

Amazon.com,

Inc.

l

3,802,230

3,758

Aptiv

plc

l

299,325

807

Bloomin'

Brands,

Inc.

23,145

166

Booking

Holdings,

Inc.

602,228

1,245

Boot

Barn

Holdings,

Inc.

l

118,462

2,233

Brunswick

Corporation

215,529

106

Chipotle

Mexican

Grill,

Inc.

l

308,118

4,471

Columbia

Sportswear

Company

362,956

11,375

Cooper-Standard

Holdings,

Inc.

l

188,370

2,318

Crocs,

Inc.

l

333,328

1,565

D.R.

Horton,

Inc.

257,521

5,778

eBay,

Inc.

304,963

2,190

Expedia

Group,

Inc.

l

301,672

Shares

Common

Stock

(33.3%)

Value

Consumer

Discretionary

(3.6%)

-

continued

453

Ford

Motor

Company

$

6,016

2,065

Garmin,

Ltd.

307,416

1,055

Grand

Canyon

Education,

Inc.

l

143,701

2,703

Hilton

Worldwide

Holdings,

Inc.

576,577

2,210

Home

Depot,

Inc.

847,756

2,092

Lowe's

Companies,

Inc.

532,895

461

Lululemon

Athletica,

Inc.

l

180,090

1,835

McDonald's

Corporation

517,378

684

Meritage

Homes

Corporation

120,015

12,211

Mobileye

Global,

Inc.

l

392,584

95

NVR,

Inc.

l

769,496

409

O'Reilly

Automotive,

Inc.

l

461,712

83

Ross

Stores,

Inc.

12,181

1,600

Savers

Value

Village,

Inc.

l

30,848

5,409

SharkNinja,

Inc.

336,927

6,607

Skyline

Champion

Corporation

l

561,661

4,556

Sony

Group

Corporation

ADR

g

390,631

3,164

Starbucks

Corporation

289,158

9,738

Stoneridge,

Inc.

l

179,569

5,794

Tesla,

Inc.

l

1,018,527

1,345

Texas

Roadhouse,

Inc.

207,762

23,209

ThredUp,

Inc.

l

46,418

2,295

Yum

China

Holding,

Inc.

91,318

Total

15,138,483

Consumer

Staples

(1.8%)

6,997

Altria

Group,

Inc.

305,209

10,015

BJ's

Wholesale

Club

Holdings,

Inc.

l

757,635

685

Casey's

General

Stores,

Inc.

218,138

10,976

Coca-Cola

Company

671,512

135

Costco

Wholesale

Corporation

98,905

27,219

Coty,

Inc.

l

325,539

2,830

John

B.

Sanfilippo

&

Son,

Inc.

299,754

16,980

Kenvue,

Inc.

364,391

4,241

Lamb

Weston

Holdings,

Inc.

451,794

1,459

Lancaster

Colony

Corporation

302,932

7,512

Philip

Morris

International,

Inc.

688,250

7,067

Pilgrim's

Pride

Corporation

l

242,539

1,925

Procter

&

Gamble

Company

312,331

6,705

Sysco

Corporation

544,312

5,796

Turning

Point

Brands,

Inc.

169,823

6,036

Tyson

Foods,

Inc.

354,494

21,658

Walmart,

Inc.

1,303,162

Total

7,410,720

Energy

(1.7%)

218

Baker

Hughes

Company

7,303

7,218

Chesapeake

Energy

Corporation

641,175

377

Chevron

Corporation

59,468

5,491

ConocoPhillips

698,894

14,865

Devon

Energy

Corporation

745,926

17,806

Enterprise

Products

Partners,

LP

519,579

3,272

EOG

Resources,

Inc.

418,292

8,485

Exxon

Mobil

Corporation

986,296

15,090

Halliburton

Company

594,848

1,907

Marathon

Petroleum

Corporation

384,261

2,573

Matador

Resources

Company

171,799

23,185

NOV,

Inc.

452,571

589

Permian

Resources

Corporation

10,402

2,703

Pioneer

Natural

Resources

Company

709,538

2,189

Schlumberger

NV

119,979

3,520

Shell

plc

ADR

235,981

5,855

TechnipFMC

plc

147,019

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

40

Shares

Common

Stock

(33.3%)

Value

Energy

(1.7%)

-

continued

7,040

Williams

Companies,

Inc.

$

274,349

Total

7,177,680

Financials

(5.3%)

1,545

Allstate

Corporation

267,300

19,418

Ally

Financial,

Inc.

788,177

1,457

American

Express

Company

331,744

7,377

American

International

Group,

Inc.

576,660

1,506

Ameriprise

Financial,

Inc.

660,291

4,756

Arch

Capital

Group,

Ltd.

l

439,645

22,840

Bank

of

America

Corporation

866,093

107

Bank

of

Marin

Bancorp

1,794

4,964

Bank

of

N.T.

Butterfield

&

Son,

Ltd.

158,798

8,930

Bank

of

New

York

Mellon

Corporation

514,547

258

Banner

Corporation

12,384

1,455

Berkshire

Hathaway,

Inc.

l

611,857

531

Berkshire

Hills

Bancorp,

Inc.

12,170

251

BlackRock,

Inc.

209,259

65

Block,

Inc.

l

5,498

11,611

Bridgewater

Bancshares,

Inc.

l

135,152

509

Brookline

Bancorp,

Inc.

5,070

1,698

Brown

&

Brown,

Inc.

148,643

2,331

Capital

One

Financial

Corporation

347,063

5,205

Carlyle

Group,

Inc.

244,167

615

Cboe

Global

Markets,

Inc.

112,994

1,581

Central

Pacific

Financial

Corporation

31,225

8,455

Charles

Schwab

Corporation

611,635

3,097

Chubb,

Ltd.

802,526

879

Citigroup,

Inc.

55,588

1,951

Columbia

Banking

System,

Inc.

37,752

5,688

Comerica,

Inc.

312,783

656

Community

Trust

Bancorp,

Inc.

27,978

31

Customers

Bancorp,

Inc.

l

1,645

2,899

Discover

Financial

Services

380,030

1,172

Ellington

Residential

Mortgage

REIT

8,098

547

Enterprise

Financial

Services

Corporation

22,186

15,188

F.N.B.

Corporation

214,151

672

FactSet

Research

Systems,

Inc.

305,350

212

Financial

Institutions,

Inc.

3,990

502

First

Bancshares,

Inc.

13,027

148

First

Mid-Illinois

Bancshares,

Inc.

4,837

1,025

Fiserv,

Inc.

l

163,815

4,566

Glacier

Bancorp,

Inc.

183,918

150

Global

Payments,

Inc.

20,049

516

Great

Southern

Bancorp,

Inc.

28,287

794

Hancock

Whitney

Corporation

36,556

2,343

Hanmi

Financial

Corporation

37,301

5,844

Heartland

Financial

USA,

Inc.

205,417

506

Heritage

Financial

Corporation

9,811

547

Hometrust

Bancshares,

Inc.

14,955

694

Hope

Bancorp,

Inc.

7,988

2,638

Houlihan

Lokey,

Inc.

338,165

333

Independent

Bank

Corporation

17,323

301

Independent

Bank

Corporation/MI

7,630

7,944

Intercontinental

Exchange,

Inc.

1,091,744

8,365

J.P.

Morgan

Chase

&

Company

1,675,509

8,678

KeyCorp

137,199

1,999

Kinsale

Capital

Group,

Inc.

1,048,955

1,837

Marsh

&

McLennan

Companies,

Inc.

378,385

901

Mastercard,

Inc.

433,895

Shares

Common

Stock

(33.3%)

Value

Financials

(5.3%)

-

continued

5,528

MetLife,

Inc.

$

409,680

2,081

MGIC

Investment

Corporation

46,531

1,106

MidWestOne

Financial

Group,

Inc.

25,925

297

Moody's

Corporation

116,730

2,822

Morgan

Stanley

265,719

769

MSCI,

Inc.

430,986

6,499

Nasdaq,

Inc.

410,087

325

National

Bank

Holdings

Corporation

11,723

3,263

Northern

Trust

Corporation

290,146

2,742

NU

Holdings,

Ltd./Cayman

Islands

l

32,712

1,344

OceanFirst

Financial

Corporation

22,055

356

OFG

Bancorp

13,104

5,007

PayPal

Holdings,

Inc.

l

335,419

75

PNC

Financial

Services

Group,

Inc.

12,120

2,755

Prosperity

Bancshares,

Inc.

181,224

7,548

Radian

Group,

Inc.

252,632

5,534

Raymond

James

Financial,

Inc.

710,676

2,550

RLI

Corporation

378,598

2,776

SEI

Investments

Company

199,594

2,655

Tradeweb

Markets,

Inc.

276,571

2,997

Triumph

Financial,

Inc.

l

237,722

93

Truist

Financial

Corporation

3,625

127

TrustCo

Bank

Corporation

NY

3,576

368

U.S.

Bancorp

16,450

666

Visa,

Inc.

185,867

1,129

Voya

Financial,

Inc.

83,456

19,827

Wells

Fargo

&

Company

1,149,173

180

Westamerica

Bancorporation

8,798

7,351

Western

Alliance

Bancorp

471,861

6,622

Zions

Bancorp

NA

287,395

Total

21,989,164

Health

Care

(3.8%)

4,072

Abbott

Laboratories

462,824

1,467

AbbVie,

Inc.

267,141

3,734

Agilent

Technologies,

Inc.

543,334

1,427

Align

Technology,

Inc.

l

467,942

1,939

Amgen,

Inc.

551,297

6,684

AstraZeneca

plc

ADR

452,841

13,108

Avantor,

Inc.

l

335,172

872

Biogen,

Inc.

l

188,029

4,963

Centene

Corporation

l

389,496

1,387

Charles

River

Laboratories

International,

Inc.

l

375,808

1,282

Cigna

Group

465,610

2,623

Danaher

Corporation

655,016

3,156

Edwards

Lifesciences

Corporation

l

301,587

1,465

Elevance

Health,

Inc.

759,661

949

Eli

Lilly

&

Company

738,284

5,481

Enovis

Corporation

l

342,288

3,819

Gilead

Sciences,

Inc.

279,742

6,068

Halozyme

Therapeutics,

Inc.

l

246,846

1,127

Intuitive

Surgical,

Inc.

l

449,774

5,278

Johnson

&

Johnson

834,927

2,974

Laboratory

Corporation

of

America

Holdings

649,700

2,757

Masimo

Corporation

l

404,865

6,349

Medtronic

plc

553,315

7,079

Merck

&

Company,

Inc.

934,074

762

Molina

Healthcare,

Inc.

l

313,052

4,006

Novo

Nordisk

AS

ADR

514,370

14,383

Option

Care

Health,

Inc.

l

482,406

4,330

Progyny,

Inc.

l

165,190

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

41

Shares

Common

Stock

(33.3%)

Value

Health

Care

(3.8%)

-

continued

487

QuidelOrtho

Corporation

l

$

23,347

1,461

Sarepta

Therapeutics,

Inc.

l

189,141

305

Stryker

Corporation

109,150

1,179

Thermo

Fisher

Scientific,

Inc.

685,247

440

UnitedHealth

Group,

Inc.

217,668

602

Varex

Imaging

Corporation

l

10,896

893

Vertex

Pharmaceuticals,

Inc.

l

373,283

14,517

Viemed

Healthcare,

Inc.

l

136,895

4,518

Zimmer

Biomet

Holdings,

Inc.

596,286

2,047

Zoetis,

Inc.

346,373

Total

15,812,877

Industrials

(4.5%)

3,194

Advanced

Drainage

Systems,

Inc.

550,134

187

AECOM

18,341

8,132

Air

Lease

Corporation

418,310

1,744

AMETEK,

Inc.

318,978

358

Armstrong

World

Industries,

Inc.

44,471

1,859

ASGN,

Inc.

l

194,749

1,447

Automatic

Data

Processing,

Inc.

361,374

707

Axon

Enterprise,

Inc.

l

221,206

12,555

Badger

Infrastructure

Solutions,

Ltd.

465,292

800

Carlisle

Companies,

Inc.

313,480

1,620

Caterpillar,

Inc.

593,617

29

Chart

Industries,

Inc.

l

4,777

1,688

Cimpress

plc

l

149,405

30,113

CNH

Industrial

NV

390,264

25,929

CSX

Corporation

961,188

737

Curtiss-Wright

Corporation

188,628

8,752

Delta

Air

Lines,

Inc.

418,958

6,065

ExlService

Holdings,

Inc.

l

192,867

1,994

Expeditors

International

of

Washington,

Inc.

242,411

14,251

Fastenal

Company

1,099,322

1,609

Ferguson

plc

351,454

8,321

Flowserve

Corporation

380,103

5,993

Fluor

Corporation

l

253,384

2,071

General

Dynamics

Corporation

585,037

87

Gorman-Rupp

Company

3,441

590

Graco,

Inc.

55,141

4,496

Greenbrier

Companies,

Inc.

234,242

4,782

Helios

Technologies,

Inc.

213,708

2,419

Honeywell

International,

Inc.

496,500

12,292

Howmet

Aerospace,

Inc.

841,141

3,149

Ingersoll

Rand,

Inc.

298,997

17,322

Janus

International

Group,

Inc.

l

262,082

1,868

JB

Hunt

Transport

Services,

Inc.

372,199

1,969

L3Harris

Technologies,

Inc.

419,594

1,179

Lincoln

Electric

Holdings,

Inc.

301,164

2,245

ManpowerGroup,

Inc.

174,302

14,017

Masterbrand,

Inc.

l

262,679

3,296

Maximus,

Inc.

276,534

4,589

Miller

Industries,

Inc.

229,909

1,307

Moog,

Inc.

208,662

670

Northrop

Grumman

Corporation

320,702

1,504

Old

Dominion

Freight

Line,

Inc.

329,842

1,396

Owens

Corning,

Inc.

232,853

204

Parker-Hannifin

Corporation

113,381

1,282

Pentair

plc

109,534

1,631

Quanta

Services,

Inc.

423,734

663

Rockwell

Automation,

Inc.

193,152

8,943

Schneider

National,

Inc.

202,469

549

Simpson

Manufacturing

Company,

Inc.

112,644

Shares

Common

Stock

(33.3%)

Value

Industrials

(4.5%)

-

continued

2,825

Tennant

Company

$

343,548

6,893

Timken

Company

602,655

1,317

Trane

Technologies

plc

395,363

7,402

Uber

Technologies,

Inc.

l

569,880

5,209

United

Parcel

Service,

Inc.

774,214

841

United

Rentals,

Inc.

606,453

Total

18,698,469

Information

Technology

(7.3%)

280

Accenture

plc

97,051

1,565

Adobe,

Inc.

l

789,699

4,349

Advanced

Micro

Devices,

Inc.

l

784,951

1,831

Amphenol

Corporation

211,206

21,217

Apple,

Inc.

3,638,291

3,070

Applied

Materials,

Inc.

633,126

202

Arista

Networks,

Inc.

l

58,576

1,097

Autodesk,

Inc.

l

285,681

301

Broadcom,

Inc.

398,948

1,610

CDW

Corporation

411,806

8,006

Ciena

Corporation

l

395,897

17,963

Cisco

Systems,

Inc.

896,533

5,411

Cohu,

Inc.

l

180,349

2,009

Crane

NXT

Company

124,357

13,849

Dropbox,

Inc.

l

336,531

1,732

Enphase

Energy,

Inc.

l

209,537

1,219

Fabrinet

l

230,415

1,222

FormFactor,

Inc.

l

55,760

4,647

Fortinet,

Inc.

l

317,437

11,953

Gilat

Satellite

Networks,

Ltd.

l

64,905

2,529

Guidewire

Software,

Inc.

l

295,160

638

Insight

Enterprises,

Inc.

l

118,362

1,393

International

Business

Machines

Corporation

266,007

4,380

JFrog,

Ltd.

l

193,684

386

KLA

Corporation

269,648

12,822

Knowles

Corporation

l

206,434

146

Lam

Research

Corporation

141,849

740

Littelfuse,

Inc.

179,339

13,184

Microsoft

Corporation

5,546,773

121

Motorola

Solutions,

Inc.

42,953

526

NetApp,

Inc.

55,214

1,857

NICE,

Ltd.

ADR

l

483,971

4,704

NVIDIA

Corporation

4,250,346

2,660

ON

Semiconductor

Corporation

l

195,643

837

Onto

Innovation,

Inc.

l

151,564

2,832

Plexus

Corporation

l

268,530

11,504

QUALCOMM,

Inc.

1,947,627

261

RingCentral,

Inc.

l

9,067

2,907

Salesforce,

Inc.

875,530

11,438

Samsung

Electronics

Company,

Ltd.

687,395

1,213

ServiceNow,

Inc.

l

924,791

3,560

Shopify,

Inc.

l

274,725

1,172

Silicon

Laboratories,

Inc.

l

168,440

1,387

Sprout

Social,

Inc.

l

82,818

1,609

Taiwan

Semiconductor

Manufacturing

Company,

Ltd.

ADR

218,904

1,283

TE

Connectivity,

Ltd.

186,343

8,519

Trimble,

Inc.

l

548,283

29,869

TTM

Technologies,

Inc.

l

467,450

647

Tyler

Technologies,

Inc.

l

274,982

538

Universal

Display

Corporation

90,626

6,930

Varonis

Systems,

Inc.

l

326,888

1,163

VeriSign,

Inc.

l

220,400

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

42

Shares

Common

Stock

(33.3%)

Value

Information

Technology

(7.3%)

-

continued

1,453

Workiva,

Inc.

l

$

123,214

Total

30,214,016

Materials

(1.2%)

1,664

Albemarle

Corporation

219,215

4,410

Alcoa

Corporation

149,014

120

Allegheny

Technologies,

Inc.

l

6,140

7,896

Ball

Corporation

531,874

1,850

Carpenter

Technology

Corporation

132,127

5,178

CF

Industries

Holdings,

Inc.

430,861

4,177

Corteva,

Inc.

240,888

113

Eagle

Materials,

Inc.

30,708

3,439

Eastman

Chemical

Company

344,657

1,208

Greif,

Inc.

83,412

4,574

Ingevity

Corporation

l

218,180

15,774

Ivanhoe

Mines,

Ltd.

l

188,186

1,452

Linde

plc

674,193

3,594

Nucor

Corporation

711,253

4,525

Steel

Dynamics,

Inc.

670,741

15,693

Tronox

Holdings

plc

272,273

983

United

States

Lime

&

Minerals,

Inc.

293,072

Total

5,196,794

Real

Estate

(1.0%)

3,526

Agree

Realty

Corporation

201,405

2,579

Alexandria

Real

Estate

Equities,

Inc.

332,459

1,771

AvalonBay

Communities,

Inc.

328,627

2,275

CBRE

Group,

Inc.

l

221,221

3,294

Crown

Castle,

Inc.

348,604

26,970

Cushman

and

Wakefield

plc

l

282,106

501

EastGroup

Properties,

Inc.

90,065

7,075

Essential

Properties

Realty

Trust,

Inc.

188,619

1,175

Extra

Space

Storage,

Inc.

172,725

18,339

Healthcare

Realty

Trust,

Inc.

259,497

13,382

Independence

Realty

Trust,

Inc.

215,852

2,731

Invitation

Homes,

Inc.

97,251

522

Kite

Realty

Group

Trust

11,317

8,887

National

Storage

Affiliates

Trust

348,015

444

NNN

REIT,

Inc.

18,976

2,571

Phillips

Edison

and

Company,

Inc.

92,222

3,152

SBA

Communications

Corporation

683,038

700

STAG

Industrial,

Inc.

26,908

2,782

Terreno

Realty

Corporation

184,725

Total

4,103,632

Utilities

(0.9%)

1,810

ALLETE,

Inc.

107,948

5,991

Alliant

Energy

Corporation

301,946

573

American

Water

Works

Company,

Inc.

70,026

10,411

CenterPoint

Energy,

Inc.

296,609

2,788

Constellation

Energy

Corporation

515,362

4,366

Duke

Energy

Corporation

422,236

3,471

Entergy

Corporation

366,815

6,887

Evergy,

Inc.

367,628

11,410

NiSource,

Inc.

315,601

1,497

Northwestern

Energy

Group,

Inc.

76,242

3,098

Portland

General

Electric

Company

130,116

5,313

Public

Service

Enterprise

Group,

Inc.

354,802

2,058

Spire,

Inc.

126,300

2,677

UGI

Corporation

65,694

Shares

Common

Stock

(33.3%)

Value

Utilities

(0.9%)

-

continued

6,086

Xcel

Energy,

Inc.

$

327,123

Total

3,844,448

Total

Common

Stock

(cost

$92,453,169)

138,671,576

Shares

Registered

Investment

Companies

(

13

.6

%

)

Value

U.S.

Affiliated  (12.6%)

2,548,113

Thrivent

Core

Emerging

Markets

Debt

Fund

20,537,792

2,991,022

Thrivent

Core

International

Equity

Fund

31,824,478

Total

52,362,270

U.S.

Unaffiliated  (1.0%)

24,445

Aberdeen

Asia-Pacific

Income

Fund,

Inc.

68,446

7,777

AllianceBernstein

Global

High

Income

Fund,

Inc.

82,592

11,808

Allspring

Income

Opportunities

Fund

78,405

2,280

BlackRock

Core

Bond

Trust

24,624

7,616

BlackRock

Corporate

High

Yield

Fund,

Inc.

74,561

8,106

BlackRock

Credit

Allocation

Income

Trust

86,653

890

BlackRock

Debt

Strategies

Fund,

Inc.

9,843

1,000

BlackRock

Enhanced

Equity

Dividend

Trust

8,250

8,386

BlackRock

Enhanced

Global

Dividend

Trust

87,718

3,900

BlackRock

Enhanced

International

Dividend

Trust

21,567

265

BlackRock

Floating

Rate

Income

Strategies

Fund,

Inc.

3,424

1,749

BlackRock

Income

Trust,

Inc.

20,813

2,620

BlackRock

Multi-Sector

Income

Trust

41,606

6,571

Blackstone

Strategic

Credit

2027

Term

Fund

78,195

8,342

Eaton

Vance

Limited

Duration

Income

Fund

81,334

2,014

Eaton

Vance

Tax-Managed

Global

Diversified

Equity

Income

Fund

16,434

5,949

First

Trust

High

Income

Long/Short

Fund

70,972

1,696

Invesco

Dynamic

Credit

Opportunities

Fund

e

17,863

2,114

iShares

Biotechnology

ETF

290,083

2,828

iShares

iBoxx

$

Investment

Grade

Corporate

Bond

ETF

308,026

3,373

iShares

Preferred

and

Income

Securities

ETF

108,712

16,750

Nuveen

Credit

Strategies

Income

Fund

93,297

4,249

Nuveen

Preferred

Income

Opportunities

Fund

30,550

7,599

PGIM

Global

High

Yield

Fund,

Inc.

90,884

7,795

PGIM

High

Yield

Bond

Fund,

Inc.

101,257

1,815

Pimco

Dynamic

Income

Fund

g

35,011

7,940

SPDR

Bloomberg

High

Yield

Bond

ETF

g

755,888

4,032

SPDR

S&P

Biotech

ETF

g

382,596

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

43

Shares

Registered

Investment

Companies

(13.6%)

Value

U.S.

Unaffiliated  (1.0%)-

continued

499

Tri-Continental

Corporation

$

15,369

9,206

Vanguard

Intermediate-Term

Corporate

Bond

ETF

741,175

3,800

Vanguard

Short-Term

Corporate

Bond

ETF

293,778

2,900

Virtus

Convertible

&

Income

Fund

9,686

4,590

Virtus

Dividend,

Interest

&

Premium

Strategy

Fund

g

58,660

625

Virtus

Equity

&

Convertible

Income

Fund

13,994

11,869

Voya

Global

Equity

Dividend

&

Premium

Opportunity

Fund

62,906

18,541

Western

Asset

High

Income

Opportunity

Fund,

Inc.

72,310

Total

4,337,482

Total

Registered

Investment

Companies

(cost

$56,502,835)

56,699,752

Shares

Collateral

Held

for

Securities

Loaned

(

1

.7

%

)

Value

6,870,615

Thrivent

Cash

Management

Trust

6,870,615

Total

Collateral

Held

for

Securities

Loaned

(cost

$6,870,615)

6,870,615

Shares

Preferred

Stock

(

0

.7

%

)

Value

Communications

Services

(0.1%)

7,800

AT&T,

Inc.,

4.750%

j

156,858

3,500

Telephone

and

Data

Systems,

Inc.,

6.000%

j

55,965

Total

212,823

Energy

(<0.1%)

1,600

Energy

Transfer,

LP,

7.600%

c,j

40,480

1,536

Nustar

Logistics,

LP,

12.310%

c

38,585

351

UGI

Corporation,

Convertible,

7.250%

g

20,407

Total

99,472

Financials

(0.5%)

2,750

Aegon

Funding

Corporation

II,

5.100%

59,592

2,700

Allstate

Corporation,

5.100%

j

60,588

4,567

Apollo

Global

Management,

Inc.,

Convertible,

6.750%

291,146

5,075

Bank

of

America

Corporation,

4.250%

j

100,485

269

Bank

of

America

Corporation,

Convertible,

7.250%

j

321,116

5,525

Capital

One

Financial

Corporation,

5.000%

j

113,041

2,875

Equitable

Holdings,

Inc.,

5.250%

j

65,636

4,400

J.P.

Morgan

Chase

&

Company,

4.200%

j

88,704

3,350

J.P.

Morgan

Chase

&

Company,

4.750%

j

75,241

3,500

KeyCorp,

6.200%

c,g,j

80,185

2,850

Morgan

Stanley,

4.250%

j

57,399

2,630

Morgan

Stanley,

5.850%

c,j

65,724

3,100

Morgan

Stanley,

7.125%

c,j

78,275

2,850

Public

Storage,

4.125%

j

55,262

1,300

Public

Storage,

4.625%

j

27,807

325

Public

Storage,

4.700%

j

6,984

Shares

Preferred

Stock

(0.7%)

Value

Financials

(0.5%)

-

continued

825

Regions

Financial

Corporation,

5.700%

c,j

$

19,470

775

Synovus

Financial

Corporation,

5.875%

c,j

19,096

2,850

U.S.

Bancorp,

4.000%

j

53,723

5,000

Wells

Fargo

&

Company,

4.250%

j

97,450

2,400

Wells

Fargo

&

Company,

4.750%

j

52,080

322

Wells

Fargo

&

Company,

Convertible,

7.500%

j

392,631

Total

2,181,635

Utilities

(0.1%)

3,900

CMS

Energy

Corporation,

4.200%

j

79,326

5,277

NextEra

Energy,

Inc.,

Convertible,

6.926%

g

205,433

3,425

Southern

Company,

4.950%

78,741

Total

363,500

Total

Preferred

Stock

(cost

$3,110,024)

2,857,430

Shares

or

Principal

Amount

Short-Term

Investments

(

7

.0

%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

400,000

5.230%,

4/3/2024

m,n

399,655

900,000

5.205%,

4/12/2024

m,n

898,057

1,300,000

5.210%,

5/21/2024

m,n

1,289,821

100,000

5.235%,

5/22/2024

m,n

99,203

Thrivent

Core

Short-Term

Reserve

Fund

2,651,412

5.590%

26,514,118

U.S.

Treasury

Bills

100,000

5.232%,

5/16/2024

m,o

99,346

Total

Short-Term

Investments

(cost

$29,292,372)

29,300,200

Total

Investments

(cost

$392,582,433)

103.9%

$

432,754,787

Other

Assets

and

Liabilities,

Net

(3.9%)

(

16,313,163

)

Total

Net

Assets

100.0%

$

416,441,624

a

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

March

28,

2024,

the

value

of

these

investments

was

$62,859,819

or

15.1%

of

total

net

assets.

b

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

March

28,

2024.

c

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

March

28,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

d

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

44

x

e

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

f

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

g

All

or

a

portion

of

the

security

is

on

loan.

h

Denotes

interest

only

security.  Interest

only

securities

represent

the

right

to

receive

monthly

interest

payments

on

an

underlying

pool

of

mortgages

or

assets.  The

principal

shown

is

the

outstanding

par

amount

of

the

pool

as

of

the

end

of

the

period.

The

actual

effective

yield

of

the

security

is

different

than

the

stated

coupon

rate.

i

Denotes

payment-in-kind

security.  The

security

may

pay

an

interest

or

dividend

payment

with

additional

fixed

income

or

equity

securities

in

lieu

of,

or

in

addition

to

a

cash

payment.  The

cash

rate

and/or

payment-in-kind

rate

shown

are

as

of

March

28,

2024.

j

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

k

Defaulted

security.  Interest

is

not

being

accrued.

l

Non-income

producing

security.

m

The

interest

rate

shown

reflects

the

yield.

n

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

o

All

or

a

portion

of

the

security

is

pledged

as

collateral

under

the

agreement

between

the

counterparty,

the

custodian

and

the

fund

for

open

swap

contracts.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Balanced

Income

Plus

Portfolio

as

of

March

28,

2024

was

$2,420

or

0.00%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

March

28,

2024.

Security

Acquisition

Date

Cost

Credit

Suisse

Group

AG,

12/29/2049

1/31/2014

$

23,139

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Balanced

Income

Plus

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

4,858,161

Common

Stock

1,801,230

Total

lending

$6,659,391

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$6,870,615

Net

amounts

due

to

counterparty

$211,224

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

CLO

-

Collateralized

Loan

Obligation

ETF

-

Exchange

Traded

Fund

PIK

-

Payment-In-Kind

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Reference

Rate

Index:

SOFR30A

-

Secured

Overnight

Financing

Rate

30

Year

Average

TSFR1M

-

CME

Term

SOFR

1

Month

TSFR3M

-

CME

Term

SOFR

3

Month

USISOA05

-

USD

SOFR

Spread-Adjusted

ICE

Swap

Rate

5

Year

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

45

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Balanced

Income

Plus

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Asset-Backed

Securities

15,858,931

–

15,508,931

350,000

Basic

Materials

2,709,169

–

2,709,169

–

Capital

Goods

5,579,030

–

5,579,030

–

Collateralized

Mortgage

Obligations

18,325,270

–

18,325,270

–

Commercial

Mortgage-Backed

Securities

1,712,174

–

1,712,174

–

Communications

Services

6,489,913

–

6,489,913

–

Consumer

Cyclical

9,244,806

–

9,244,806

–

Consumer

Non-Cyclical

8,006,748

–

8,006,748

–

Energy

6,838,318

–

6,838,318

–

Financials

23,628,853

–

23,628,853

–

Foreign

Government

69,751

–

69,751

–

Mortgage-Backed

Securities

62,085,688

–

62,085,688

–

Technology

7,091,307

–

7,091,307

–

Transportation

1,677,647

–

1,677,647

–

U.S.

Government

&

Agencies

22,512,611

–

22,512,611

–

Utilities

6,524,998

–

6,524,998

–

Common

Stock

Communications

Services

9,085,293

9,082,291

3,002

–

Consumer

Discretionary

15,138,483

15,138,483

–

–

Consumer

Staples

7,410,720

7,410,720

–

–

Energy

7,177,680

7,177,680

–

–

Financials

21,989,164

21,989,164

–

–

Health

Care

15,812,877

15,812,877

–

–

Industrials

18,698,469

18,233,177

465,292

–

Information

Technology

30,214,016

29,526,621

687,395

–

Materials

5,196,794

5,008,608

188,186

–

Real

Estate

4,103,632

4,103,632

–

–

Utilities

3,844,448

3,844,448

–

–

Registered

Investment

Companies

U.S.

Unaffiliated

4,337,482

4,319,619

–

17,863

Preferred

Stock

Communications

Services

212,823

–

212,823

–

Energy

99,472

79,065

20,407

–

Financials

2,181,635

1,438,818

742,817

–

Utilities

363,500

363,500

–

–

Short-Term

Investments

2,786,082

–

2,786,082

–

Subtotal

Investments

in

Securities

$

347,007,784

$

143,528,703

$

203,111,218

$

367,863

Other

Investments  *

Total

U.S.

Affiliated

Registered

Investment

Cos.

52,362,270

Affiliated

Short-Term

Investments

26,514,118

Collateral

Held

for

Securities

Loaned

6,870,615

Subtotal

Other

Investments

$

85,747,003

Total

Investments

at

Value

$

432,754,787

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Balanced

Income

Plus

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

387,472

387,472

–

–

Total

Asset

Derivatives

$

387,472

$

387,472

$

–

$

–

Liability

Derivatives

Futures

Contracts

636,451

636,451

–

–

Credit

Default

Swaps

2,613

–

2,613

–

Total

Liability

Derivatives

$

639,064

$

636,451

$

2,613

$

–

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

46

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

S&P

-

Standard

&

Poor's

The

following

table

presents

Balanced

Income

Plus

Portfolio's

futures

contracts

held

as

of

March

28,

2024.

Investments

and/or

cash

totaling

$2,733,936

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CBOT

10-Yr.

U.S.

Treasury

Note

27

June

2024

$

2,981,466

$

10,050

CBOT

2-Yr.

U.S.

Treasury

Note

92

June

2024

18,844,355

(

31,791

)

CBOT

5-Yr.

U.S.

Treasury

Note

38

June

2024

4,061,943

4,651

CBOT

U.S.

Long

Bond

24

June

2024

2,858,082

32,418

CME

E-mini

S&P

500

Index

40

June

2024

10,447,654

169,346

CME

Ultra

Long

Term

U.S.

Treasury

Bond

73

June

2024

9,324,252

92,748

ICE

mini

MSCI

EAFE

Index

21

June

2024

2,480,427

(

5,472

)

ICE

US

mini

MSCI

Emerging

Markets

Index

80

June

2024

4,207,508

(

11,508

)

Ultra

10-Yr.

U.S.

Treasury

Note

9

June

2024

1,026,798

4,686

Total

Futures

Long

Contracts

$

56,232,485

$

265,128

CME

E-mini

Russell

2000

Index

(

92

)

June

2024

(

$

9,711,710

)

(

$

159,430

)

CME

E-mini

S&P

Mid-Cap

400

Index

(

41

)

June

2024

(

12,294,535

)

(

322,805

)

CME

Euro

Foreign

Exchange

Currency

(

34

)

June

2024

(

4,672,711

)

73,573

Eurex

Euro

STOXX

50

Index

(

86

)

June

2024

(

4,578,160

)

(

105,445

)

Total

Futures

Short

Contracts

(

$

31,257,116

)

(

$

514,107

)

Total

Futures

Contracts

$

24,975,369

(

$

248,979

)

The

following

table

presents

Balanced

Income

Plus

Portfolio's

swaps

contracts

held

as

of

March

28,

2024.

Investments

totaling

$99,346

were

pledged

as

collateral

under

the

agreement

between

the

counterparty,

the

custodian

and

the

fund

for

open

swap

contracts.

Credit

Default

Swaps

Buy/Sell

Protection

1

Termination

Date

Notional

Principal

Amount

2

Upfront

Payments/

(Receipts)

Value

3

Unrealized

Gain/(Loss)

CDX

HY

42,

5

Year,

at

5.00%,

Quarterly

Buy

6/20/2029

$

950,000

$

–

(

$

2,613

)

(

$

2,613

)

Total

Credit

Default

Swaps

$

–

(

$

2,613

)

(

$

2,613

)

1

As

the

buyer

of

protection,

Balanced

Income

Plus

Portfolio

pays

periodic

fees

in

return

for

payment

by

the

seller

which

is

contingent

upon

an

adverse

credit

event

occurring

in

the

underlying

issuer

or

reference

entity.

As

the

seller

of

protection,

Balanced

Income

Plus

Portfolio

collects

periodic

fees

from

the

buyer

and

profits

if

the

credit

of

the

underlying

issuer

or

reference

entity

remains

stable

or

improves

while

the

swap

is

outstanding,

but

the

seller

in

a

credit

default

swap

contract

would

be

required

to

pay

the

amount

of

credit

loss,

determined

as

specified

in

the

agreement,

to

the

buyer

in

the

event

of

an

adverse

credit

event

in

the

reference

entity.

2

The

maximum

potential

amount

of

future

payments

Balanced

Income

Plus

Portfolio

could

be

required

to

make

as

the

seller

or

receive

as

the

buyer

of

protection.

3

The

values

for

credit

indexes

(CDX

or

LCDX)

serve

as

an

indicator

of

the

current

status

of

the

payment/performance

risk

and

represent

the

liability

or

profit

for

the

credit

default

swap

contract

had

the

contract

been

closed

as

of

the

reporting

date.

When

protection

has

been

sold,

the

value

of

the

swap

will

increase

when

the

swap

spread

declines

representing

an

improvement

in

the

reference

entity's

credit

worthiness.

The

value

of

the

swap

will

decrease

when

the

swap

spread

increases

representing

a

deterioration

in

the

reference

entity's

credit

worthiness.

When

protection

has

been

purchased,

the

value

of

the

swap

will

increase

when

the

swap

spread

increases

representing

a

deterioration

in

the

reference

entity's

credit

worthiness.

The

value

of

the

swap

will

decrease

when

the

swap

spread

declines

representing

an

improvement

in

the

reference

entity's

credit

worthiness.

Balanced

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

47

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Balanced

Income

Plus

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$

20,750

$

305

$

700

$

20,538

2,548

4.9%

Core

International

Equity

30,269

–

–

31,824

2,991

7.7

Total

U.S.

Affiliated

Registered

Investment

Companies

51,019

52,362

12.6

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

33,139

32,630

39,255

26,514

2,651

6.3

Total

Affiliated

Short-Term

Investments

33,139

26,514

6.3

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

6,134

26,093

25,356

6,871

6,871

1.7

Total

Collateral

Held

for

Securities

Loaned

6,134

6,871

1.7

Total

Value

$

90,292

$

85,747

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

($162)

$345

$

–

$

305

Core

International

Equity

–

1,555

–

–

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

0

(0)

–

400

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$

705

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

11

Total

Affiliated

Income

from

Securities

Loaned,

Net

$

11

Total

Value

($162)

$1,900

$

–

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

48

Principal

Amount

Long-Term

Fixed

Income

(

70

.8

%

)

Value

Asset-Backed

Securities

(5.6%)

510

Asset

Backed

Trust

$

600,000

3.967%, 

5/25/2061,

Ser.

2021-NPL1,

Class

A2

a,b

$

553,882

619,496

2.116%, 

6/25/2061,

Ser.

2021-NPL2,

Class

A1

a,b

601,252

550,000

4.090%, 

6/25/2061,

Ser.

2021-NPL2,

Class

A2

a,b

539,467

720

East

CLO

I,

Ltd.

1,100,000

9.568%, 

(TSFR3M

+

4.250%),

1/20/2036,

Ser.

2022-1A,

Class

C

a,c

1,110,831

Affirm

Asset

Securitization

Trust

700,000

4.300%, 

5/17/2027,

Ser.

2022-A,

Class

1A

a

695,513

650,000

6.610%, 

1/18/2028,

Ser.

2023-A,

Class

A

a

653,929

800,000

6.820%, 

9/15/2028,

Ser.

2023-B,

Class

A

a

811,921

281,703

7.110%, 

11/15/2028,

Ser.

2023-X1,

Class

A

a

283,036

1,000,000

5.610%, 

2/15/2029,

Ser.

2024-A,

Class

A

a

997,623

Anchorage

Capital

CLO

21,

Ltd.

875,000

7.979%, 

(TSFR3M

+

2.662%),

10/20/2034,

Ser.

2021-21A,

Class

C

a,c

873,132

Ares

XL

CLO,

Ltd.

825,000

8.376%, 

(TSFR3M

+

3.062%),

1/15/2029,

Ser.

2016-40A,

Class

CRR

a,c

823,618

Barings

CLO,

Ltd.

400,000

8.729%, 

(TSFR3M

+

3.412%),

1/20/2032,

Ser.

2016-2A,

Class

DR2

a,c

400,088

Business

Jet

Securities,

LLC

744,668

4.455%, 

6/15/2037,

Ser.

2022-1A,

Class

A

a

717,280

CarVal

CLO,

Ltd.

1,250,000

9.018%, 

(TSFR3M

+

3.700%),

4/21/2034,

Ser.

2022-1A,

Class

D

a,c

1,250,310

Cascade

Funding

Mortgage

Trust,

LLC

435,866

4.250%, 

4/25/2033,

Ser.

2023-HB12,

Class

A

a,c

426,180

Dryden

36

Senior

Loan

Fund

750,000

7.626%, 

(TSFR3M

+

2.312%),

4/15/2029,

Ser.

2014-36A,

Class

CR3

a,c

749,957

FirstKey

Homes

Trust

900,000

1.968%, 

10/19/2037,

Ser.

2020-SFR2,

Class

D

a

839,552

Longfellow

Place

CLO,

Ltd.

751,463

7.876%, 

(TSFR3M

+

2.562%),

4/15/2029,

Ser.

2013-1A,

Class

CR3

a,c

751,364

Madison

Park

Funding

XVIII,

Ltd.

500,000

7.479%, 

(TSFR3M

+

2.162%),

10/21/2030,

Ser.

2015-18A,

Class

CRR

a,c

499,815

MetroNet

Infrastructure

Issuer,

LLC

1,000,000

6.230%, 

4/20/2054,

Ser.

2024-1A,

Class

A2

a

1,000,800

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Asset-Backed

Securities

(5.6%)

-

continued

Neuberger

Berman

CLO,

Ltd.

$

1,225,000

8.576%, 

(TSFR3M

+

3.262%),

10/15/2029,

Ser.

2013-15A,

Class

DR2

a,c

$

1,217,122

OZLM

VIII,

Ltd.

1,000,000

7.228%, 

(TSFR3M

+

1.912%),

10/17/2029,

Ser.

2014-8A,

Class

A2R3

a,c

994,399

Pagaya

AI

Technology

in

Housing

Trust

1,100,000

4.250%, 

8/25/2025,

Ser.

2022-1,

Class

B

a

1,063,363

Preston

Ridge

Partners

Mortgage

Trust,

LLC

325,000

3.474%, 

7/25/2026,

Ser.

2021-6,

Class

A2

a,b

309,485

Pretium

Mortgage

Credit

Partners,

LLC

1,250,000

5.438%, 

1/25/2052,

Ser.

2022-NPL1,

Class

A2

a,b

1,156,487

1,000,000

7.143%, 

3/25/2054,

Ser.

2024-RN1,

Class

A1

a,b,d

1,000,000

163,498

5.240%, 

4/25/2052,

Ser.

2022-NPL2,

Class

A1

a,b

160,850

950,000

3.844%, 

6/27/2060,

Ser.

2021-NPL2,

Class

A2

a,b

858,031

1,000,000

3.721%, 

7/25/2051,

Ser.

2021-NPL3,

Class

A2

a,b

915,177

Progress

Residential

Trust

1,500,000

3.600%, 

4/17/2039,

Ser.

2022-SFR3,

Class

B

a

1,418,025

RCO

VII

Mortgage,

LLC

959,863

7.021%, 

1/25/2029,

Ser.

2024-1,

Class

A1

a,b

956,993

Renaissance

Home

Equity

Loan

Trust

1,130,711

5.797%, 

8/25/2036,

Ser.

2006-2,

Class

AF3

b

436,125

Saxon

Asset

Securities

Trust

399,056

3.243%, 

8/25/2035,

Ser.

2004-2,

Class

MF2

c

333,690

Sculptor

CLO,

Ltd.

625,000

7.979%, 

(TSFR3M

+

2.662%),

1/20/2035,

Ser.

28A,

Class

C

a,c

621,204

Silver

Point

CLO

2,

Ltd.

1,200,000

8.018%, 

(TSFR3M

+

2.700%),

4/20/2035,

Ser.

2023-2A,

Class

A2

a,c

1,205,969

Stanwich

Mortgage

Loan

Company,

LLC

462,408

2.735%, 

10/16/2026,

Ser.

2021-NPB1,

Class

A1

a,b

448,068

Stratus

Static

CLO,

Ltd.

850,000

7.218%, 

(TSFR3M

+

1.900%),

10/20/2031,

Ser.

2022-3A,

Class

BR

a,c

849,944

Unlock

HEA

Trust

963,921

7.000%, 

10/25/2038,

Ser.

2023-1,

Class

A

a

945,595

VCAT

Asset

Securitization,

LLC

254,046

4.826%, 

12/26/2050,

Ser.

2021-NPL1,

Class

A2

a,b

253,552

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

49

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Asset-Backed

Securities

(5.6%)

-

continued

Vericrest

Opportunity

Loan

Transferee

$

961,509

4.826%, 

2/27/2051,

Ser.

2021-NPL2,

Class

A2

a,b

$

860,115

1,164,286

4.949%, 

2/27/2051,

Ser.

2021-NPL3,

Class

A2

a,b

1,037,591

793,177

4.826%, 

4/25/2051,

Ser.

2021-NPL6,

Class

A2

a,b

688,617

225,928

4.949%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A2

a,b

201,192

1,250,000

4.826%, 

5/25/2051,

Ser.

2021-NPL9,

Class

A2

a,b

1,073,884

275,000

5.438%, 

12/26/2051,

Ser.

2021-NP12,

Class

A2

a,b

232,877

Whitebox

CLO

III,

Ltd.

725,000

7.776%, 

(TSFR3M

+

2.462%),

10/15/2034,

Ser.

2021-3A,

Class

C

a,c

724,089

Whitebox

CLO

IV,

Ltd.

800,000

7.918%, 

(TSFR3M

+

2.600%),

4/20/2036,

Ser.

2023-4A,

Class

B

a,c

808,474

Wind

River

CLO,

Ltd.

725,000

7.579%, 

(TSFR3M

+

2.262%),

7/20/2030,

Ser.

2013-1A,

Class

BRR

a,c

724,988

Total

36,075,456

Basic

Materials

(1.2%)

Anglo

American

Capital

plc

70,000

3.875%, 

3/16/2029

a

65,487

ATI,

Inc.

172,000

7.250%, 

8/15/2030

177,783

ATI,

Inc.,

Convertible

126,000

3.500%, 

6/15/2025

417,627

Axalta

Coating

Systems

Dutch

Holding

B

BV

150,000

7.250%, 

2/15/2031

a

156,031

Baffinland

Iron

Mines

Corporation/

Baffinland

Iron

Mines,

LP

33,000

8.750%, 

7/15/2026

a

30,435

Cascades,

Inc./Cascades

USA,

Inc.

210,000

5.125%, 

1/15/2026

a

205,842

Chemours

Company

343,000

5.750%, 

11/15/2028

a

316,280

Cleveland-Cliffs,

Inc.

183,000

5.875%, 

6/1/2027

182,675

160,000

4.625%, 

3/1/2029

a

149,152

Consolidated

Energy

Finance

SA

466,000

5.625%, 

10/15/2028

a

391,086

Ecolab,

Inc.

119,000

2.125%, 

2/1/2032

98,830

EIDP,

Inc.

72,000

4.500%, 

5/15/2026

71,171

First

Quantum

Minerals,

Ltd.

394,000

6.875%, 

10/15/2027

a

377,753

FMC

Corporation

77,000

5.150%, 

5/18/2026

76,511

Glencore

Funding,

LLC

88,000

5.893%, 

4/4/2054

a,e

89,155

147,000

4.000%, 

3/27/2027

a

142,103

168,000

6.125%, 

10/6/2028

a

173,606

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Basic

Materials

(1.2%)

-

continued

Hecla

Mining

Company

$

120,000

7.250%, 

2/15/2028

$

120,131

Hudbay

Minerals,

Inc.

280,000

4.500%, 

4/1/2026

a

271,219

Illuminate

Buyer,

LLC/Illuminate

Holdings

IV,

Inc.

210,000

9.000%, 

7/1/2028

a

207,165

Innophos

Holdings,

Inc.

78,000

9.375%, 

2/15/2028

a

65,058

International

Flavors

&

Fragrances,

Inc.

133,000

1.230%, 

10/1/2025

a

124,488

Mercer

International,

Inc.

93,000

5.125%, 

2/1/2029

81,744

Mineral

Resources,

Ltd.

48,000

9.250%, 

10/1/2028

a

50,554

Mosaic

Company

129,000

5.375%, 

11/15/2028

130,550

Newmont

Corporation/Newcrest

Finance,

Pty.

Ltd.

130,000

5.350%, 

3/15/2034

a

130,829

Novelis

Corporation

110,000

3.250%, 

11/15/2026

a

102,496

160,000

4.750%, 

1/30/2030

a

147,620

110,000

3.875%, 

8/15/2031

a

94,491

Nutrien,

Ltd.

188,000

4.000%, 

12/15/2026

182,256

OCI

NV

108,000

4.625%, 

10/15/2025

a

105,494

Olin

Corporation

341,000

5.125%, 

9/15/2027

333,114

Peabody

Energy

Corporation,

Convertible

166,000

3.250%, 

3/1/2028

f

234,143

SCIL

IV,

LLC/SCIL

USA

Holdings,

LLC

164,000

5.375%, 

11/1/2026

a

159,167

Smurfit

Kappa

Treasury,

ULC

136,000

5.777%, 

4/3/2054

a,e

137,563

SNF

Group

SACA

286,000

3.375%, 

3/15/2030

a

247,565

SunCoke

Energy,

Inc.

309,000

4.875%, 

6/30/2029

a

279,769

Taseko

Mines,

Ltd.

286,000

7.000%, 

2/15/2026

a,f

287,170

Tronox,

Inc.

81,000

4.625%, 

3/15/2029

a

72,652

Unifrax

Escrow

Issuer

Corporation

261,000

5.250%, 

9/30/2028

a

168,313

United

States

Steel

Corporation

303,000

6.875%, 

3/1/2029

305,907

United

States

Steel

Corporation,

Convertible

150,000

5.000%, 

11/1/2026

458,400

Westlake

Corporation

98,000

3.600%, 

8/15/2026

94,180

Total

7,713,565

Capital

Goods

(2.1%)

AAR

Escrow

Issuer,

LLC

195,000

6.750%, 

3/15/2029

a

196,500

Advanced

Drainage

Systems,

Inc.

182,000

6.375%, 

6/15/2030

a

182,942

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

50

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Capital

Goods

(2.1%)

-

continued

Amcor

Finance

USA,

Inc.

$

88,000

5.625%, 

5/26/2033

$

90,367

ARD

Finance

SA

93,000

6.500%, 

6/30/2027

a

31,122

Ardagh

Packaging

Finance

plc/

Ardagh

Holdings

USA,

Inc.

168,000

5.250%, 

8/15/2027

a,f

105,840

116,000

5.250%, 

8/15/2027

a,f

73,080

Boeing

Company

266,000

5.930%, 

5/1/2060

249,384

255,000

4.875%, 

5/1/2025

252,167

166,000

2.196%, 

2/4/2026

155,409

147,000

3.250%, 

3/1/2028

134,743

145,000

5.150%, 

5/1/2030

140,288

Bombardier,

Inc.

302,000

7.875%, 

4/15/2027

a

302,211

122,000

6.000%, 

2/15/2028

a

120,008

Brand

Industrial

Services,

Inc.

184,000

10.375%, 

8/1/2030

a

199,210

Builders

FirstSource,

Inc.

185,000

5.000%, 

3/1/2030

a

176,524

Canpack

SA/Canpack

US,

LLC

326,000

3.875%, 

11/15/2029

a

288,494

Carrier

Global

Corporation

147,000

2.722%, 

2/15/2030

129,994

Chart

Industries,

Inc.

289,000

7.500%, 

1/1/2030

a

300,111

Chart

Industries,

Inc.,

Convertible

105,000

1.000%, 

11/15/2024

294,724

Clydesdale

Acquisition

Holdings,

Inc.

39,000

6.625%, 

4/15/2029

a

38,969

79,000

8.750%, 

4/15/2030

a

77,621

Cornerstone

Building

Brands,

Inc.

202,000

6.125%, 

1/15/2029

a

180,053

Covanta

Holding

Corporation

180,000

4.875%, 

12/1/2029

a

161,325

CP

Atlas

Buyer,

Inc.

280,000

7.000%, 

12/1/2028

a,f

262,782

Crown

Cork

&

Seal

Company,

Inc.

244,000

7.375%, 

12/15/2026

255,985

Fluor

Corporation,

Convertible

393,000

1.125%, 

8/15/2029

a

441,929

GFL

Environmental,

Inc.

233,000

4.000%, 

8/1/2028

a

214,751

219,000

3.500%, 

9/1/2028

a

200,602

Greenbrier

Companies,

Inc.,

Convertible

228,000

2.875%, 

4/15/2028

252,692

H&E

Equipment

Services,

Inc.

448,000

3.875%, 

12/15/2028

a

410,136

Herc

Holdings,

Inc.

205,000

5.500%, 

7/15/2027

a

201,349

Honeywell

International,

Inc.

176,000

5.250%, 

3/1/2054

177,587

Howmet

Aerospace,

Inc.

132,000

6.750%, 

1/15/2028

137,956

Huntington

Ingalls

Industries,

Inc.

147,000

4.200%, 

5/1/2030

137,797

Ingersoll

Rand,

Inc.

43,000

5.700%, 

8/14/2033

44,111

John

Deere

Capital

Corporation

118,000

4.500%, 

1/16/2029

116,832

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Capital

Goods

(2.1%)

-

continued

$

82,000

4.700%, 

6/10/2030

$

81,548

91,000

3.900%, 

6/7/2032

85,451

46,000

5.150%, 

9/8/2033

46,980

L3Harris

Technologies,

Inc.

78,000

5.400%, 

1/15/2027

78,557

Lockheed

Martin

Corporation

120,000

5.200%, 

2/15/2064

118,655

Mauser

Packaging

Solutions

Holding

Company

169,000

9.250%, 

4/15/2027

a

167,654

Miter

Brands

Acquisition

Holdco,

Inc./MIWD

Borrower,

LLC

48,000

6.750%, 

4/1/2032

a

48,164

MIWD

Holdco

II,

LLC

158,000

5.500%, 

2/1/2030

a

145,408

Mueller

Water

Products,

Inc.

161,000

4.000%, 

6/15/2029

a

146,032

Nesco

Holdings

II,

Inc.

295,000

5.500%, 

4/15/2029

a

279,100

New

Enterprise

Stone

and

Lime

Company,

Inc.

370,000

5.250%, 

7/15/2028

a

354,457

Northrop

Grumman

Corporation

177,000

5.200%, 

6/1/2054

172,381

42,000

4.700%, 

3/15/2033

41,002

OI

European

Group

BV

305,000

4.750%, 

2/15/2030

a

280,812

Otis

Worldwide

Corporation

122,000

2.056%, 

4/5/2025

117,962

Owens-Brockway

Glass

Container,

Inc.

140,000

6.625%, 

5/13/2027

a

140,079

Pactiv

Evergreen

Group

225,000

4.375%, 

10/15/2028

a

209,896

Parker-Hannifin

Corporation

79,000

4.250%, 

9/15/2027

77,467

Patrick

Industries,

Inc.,

Convertible

134,000

1.750%, 

12/1/2028

172,990

PGT

Innovations,

Inc.

298,000

4.375%, 

10/1/2029

a

302,597

Republic

Services,

Inc.

79,000

3.950%, 

5/15/2028

76,392

90,000

5.000%, 

12/15/2033

89,386

Roller

Bearing

Company

of

America,

Inc.

217,000

4.375%, 

10/15/2029

a

198,689

Rolls-Royce

plc

116,000

5.750%, 

10/15/2027

a

116,317

RTX

Corporation

133,000

5.750%, 

1/15/2029

137,618

Sealed

Air

Corporation

241,000

6.125%, 

2/1/2028

a

241,500

Smyrna

Ready

Mix

Concrete,

LLC

224,000

8.875%, 

11/15/2031

a

239,432

Spirit

AeroSystems,

Inc.

242,000

9.750%, 

11/15/2030

a

270,693

SRM

Escrow

Issuer,

LLC

140,000

6.000%, 

11/1/2028

a

136,830

Summit

Materials,

LLC/Summit

Materials

Finance

Corporation

64,000

7.250%, 

1/15/2031

a

66,521

Textron,

Inc.

147,000

3.650%, 

3/15/2027

141,065

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

51

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Capital

Goods

(2.1%)

-

continued

Titan

Acquisition,

Ltd./Titan

Co-

Borrower,

LLC

$

125,000

7.750%, 

4/15/2026

a

$

124,851

TransDigm,

Inc.

420,000

5.500%, 

11/15/2027

411,076

272,000

7.125%, 

12/1/2031

a

280,312

227,000

6.625%, 

3/1/2032

a

229,336

Triumph

Group,

Inc.

222,000

9.000%, 

3/15/2028

a

234,040

Trivium

Packaging

Finance

121,000

5.500%, 

8/15/2026

a

119,303

103,000

8.500%, 

8/15/2027

a

101,715

United

Rentals

North

America,

Inc.

240,000

4.000%, 

7/15/2030

218,415

Veralto

Corporation

82,000

5.350%, 

9/18/2028

a

83,064

Waste

Connections,

Inc.

46,000

3.200%, 

6/1/2032

40,552

Waste

Management,

Inc.

78,000

4.875%, 

2/15/2029

78,730

Waste

Pro

USA,

Inc.

140,000

5.500%, 

2/15/2026

a

137,883

WESCO

Distribution,

Inc.

81,000

6.375%, 

3/15/2029

a

81,833

57,000

6.625%, 

3/15/2032

a

57,923

Total

13,716,263

Collateralized

Mortgage

Obligations

(6.5%)

A&D

Mortgage

Trust

554,813

6.733%, 

7/25/2068,

Ser.

2023-NQM3,

Class

A1

a,b

555,922

Alternative

Loan

Trust

368,342

6.000%, 

8/1/2036,

Ser.

2006-24CB,

Class

A9

205,382

Angel

Oak

Mortgage

Trust

990,790

5.985%, 

1/25/2069,

Ser.

2024-2,

Class

A1

a,b

987,303

Banc

of

America

Alternative

Loan

Trust

699,631

6.000%, 

11/25/2035,

Ser.

2005-10,

Class

3CB1

599,791

Banc

of

America

Mortgage

Securities

Trust

225,951

5.236%, 

9/25/2035,

Ser.

2005-H,

Class

3A1

c

206,831

Bear

Stearns

Adjustable

Rate

Mortgage

Trust

22,566

7.670%, 

(CMT

1Y

+

2.300%),

10/25/2035,

Ser.

2005-9,

Class

A1

c

20,927

CAFL

Issuer,

LLC

950,000

2.239%, 

3/28/2029,

Ser.

2021-RTL1,

Class

A1

a,b

911,377

CHL

Mortgage

Pass-Through

Trust

146,030

5.770%, 

12/20/2035,

Ser.

2005-HYB8,

Class

3A1

c

140,255

670,479

6.000%, 

11/25/2037,

Ser.

2007-18,

Class

1A2

290,352

CHNGE

Mortgage

Trust

982,179

3.757%, 

3/25/2067,

Ser.

2022-2,

Class

A1

a,c

920,369

947,257

5.000%, 

5/25/2067,

Ser.

2022-3,

Class

A1

a,c

922,460

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Collateralized

Mortgage

Obligations

(6.5%)

-

continued

$

991,253

6.525%, 

6/25/2058,

Ser.

2023-2,

Class

A1

a,b

$

984,559

539,392

5.820%, 

6/25/2067,

Ser.

2022-NQM1,

Class

A3

a,b

530,045

636,786

7.100%, 

7/25/2058,

Ser.

2023-3,

Class

A1

a,b

636,805

576,403

6.000%, 

10/25/2057,

Ser.

2022-4,

Class

A1

a,b

568,305

CIM

Trust

972,238

7.100%, 

4/25/2058,

Ser.

2023-I1,

Class

A3

a,b

968,111

Citigroup

Mortgage

Loan

Trust,

Inc.

249,590

5.500%, 

8/25/2034,

Ser.

2004-NCM2,

Class

1CB1

235,287

51,339

6.524%, 

3/25/2037,

Ser.

2007-AR4,

Class

2A1A

c

50,548

698,168

5.213%, 

4/25/2037,

Ser.

2007-AR5,

Class

1A1A

c

600,794

COLT

Mortgage

Loan

Trust

782,531

6.328%, 

12/25/2068,

Ser.

2024-INV1,

Class

A2

a,b

781,827

Countrywide

Alternative

Loan

Trust

335,356

5.000%, 

3/25/2035,

Ser.

2005-3CB,

Class

1A1

269,270

129,263

3.980%, 

10/25/2035,

Ser.

2005-43,

Class

1A1

c

104,506

179,566

4.009%, 

10/25/2035,

Ser.

2005-43,

Class

4A1

c

145,045

186,810

5.500%, 

2/25/2036,

Ser.

2005-85CB,

Class

2A2

144,084

Countrywide

Home

Loan

Mortgage

Pass

Through

Trust

264,128

4.698%, 

11/25/2035,

Ser.

2005-22,

Class

2A1

c

210,983

Credit

Suisse

Mortgage

Trust

481,151

6.567%, 

8/25/2067,

Ser.

2022-ATH3,

Class

A3

a,c

473,632

381,815

2.572%, 

11/25/2066,

Ser.

2022-NQM1,

Class

A2

a,c

321,312

Cross

Mortgage

Trust

487,852

6.085%, 

12/25/2068,

Ser.

2024-H1,

Class

A1

a,b

487,187

Deutsche

Alt-A

Securities,

Inc.,

Mortgage

Loan

Trust

525,247

5.250%, 

6/25/2035,

Ser.

2005-3,

Class

4A6

463,011

Federal

Home

Loan

Mortgage

Corporation

1,225,597

3.500%, 

8/15/2035,

Ser.

345,

Class

C8

g

124,210

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

1,410,271

4.000%, 

1/25/2051,

Ser.

5249,

Class

LA

1,347,846

1,171,594

Zero

Coupon, 

9/25/2053,

Ser.

5334,

Class

BO

927,003

4,145,994

1.500%, 

12/25/2050,

Ser.

5107,

Class

IO

g

337,753

79,508

2.500%, 

5/15/2027,

Ser.

4106,

Class

HI

g

1,019

467,727

3.000%, 

5/15/2027,

Ser.

4046,

Class

GI

g

12,459

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

52

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Collateralized

Mortgage

Obligations

(6.5%)

-

continued

$

462,371

3.000%, 

7/15/2027,

Ser.

4084,

Class

NI

g

$

14,655

685,009

3.000%, 

7/15/2027,

Ser.

4074,

Class

IO

g

22,289

235,114

2.500%, 

2/15/2028,

Ser.

4162,

Class

AI

g

7,161

491,589

2.500%, 

2/15/2028,

Ser.

4161,

Class

UI

g

15,073

753,804

2.500%, 

3/15/2028,

Ser.

4177,

Class

EI

g

24,915

948,584

3.500%, 

10/15/2032,

Ser.

4119,

Class

KI

g

85,238

579,898

3.000%, 

2/15/2033,

Ser.

4170,

Class

IG

g

45,100

936,959

3.000%, 

4/15/2033,

Ser.

4203,

Class

DI

g

43,628

Federal

National

Mortgage

Association

-

REMIC

954,817

4.500%, 

6/25/2052,

Ser.

2022-43,

Class

MA

933,125

2,076,874

4.000%, 

7/25/2052,

Ser.

2022-37,

Class

PE

1,981,826

822,664

3.000%, 

7/25/2027,

Ser.

2012-73,

Class

DI

g

23,056

526,443

3.000%, 

7/25/2027,

Ser.

2012-74,

Class

AI

g

15,062

832,923

3.000%, 

8/25/2027,

Ser.

2012-95,

Class

HI

g

17,453

559,906

3.500%, 

9/25/2027,

Ser.

2012-98,

Class

YI

g

17,839

1,597,052

3.000%, 

11/25/2027,

Ser.

2012-121,

Class

BI

g

53,896

1,114,601

3.000%, 

12/25/2027,

Ser.

2012-139,

Class

DI

g

34,723

396,555

2.500%, 

1/25/2028,

Ser.

2012-152,

Class

AI

g

11,863

1,031,498

3.000%, 

1/25/2028,

Ser.

2012-147,

Class

EI

g

29,082

291,293

2.500%, 

2/25/2028,

Ser.

2013-46,

Class

CI

g

6,509

594,565

3.000%, 

2/25/2028,

Ser.

2013-2,

Class

GI

g

20,573

221,453

3.000%, 

4/25/2028,

Ser.

2013-30,

Class

DI

g

7,938

581,862

3.000%, 

11/25/2031,

Ser.

2013-69,

Class

IO

g

11,578

889,146

3.000%, 

2/25/2033,

Ser.

2013-1,

Class

YI

g

72,423

875,119

4.500%, 

1/25/2046,

Ser.

2022-68,

Class

BA

853,690

First

Horizon

Alternative

Mortgage

Securities

Trust

108,825

6.915%, 

3/25/2035,

Ser.

2005-AA2,

Class

1A1

c

104,329

101,501

6.443%, 

7/25/2035,

Ser.

2005-AA5,

Class

2A1

c

91,157

Flagstar

Mortgage

Trust

364,829

2.500%, 

9/25/2041,

Ser.

2021-9INV,

Class

A1

a,c

319,130

GCAT

Trust

728,488

4.250%, 

5/25/2067,

Ser.

2023-NQM4,

Class

A2

a,c

672,489

453,728

5.730%, 

8/25/2067,

Ser.

2022-NQM4,

Class

A3

a,b

449,670

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Collateralized

Mortgage

Obligations

(6.5%)

-

continued

GMAC

Mortgage

Corporation

Loan

Trust

$

385,478

3.725%, 

5/25/2035,

Ser.

2005-AR2,

Class

4A

c

$

315,189

Government

National

Mortgage

Association

109,874

4.000%, 

1/16/2027,

Ser.

2012-3,

Class

IO

g

2,326

GS

Mortgage-Backed

Securities

Trust

703,542

5.500%, 

10/27/2053,

Ser.

2023-PJ3,

Class

A16

a,c

692,329

Home

RE,

Ltd.

1,000,000

9.920%, 

(SOFR30A

+

4.600%),

10/25/2033,

Ser.

2023-1,

Class

M1B

a,c

1,037,928

850,000

8.820%, 

(SOFR30A

+

3.500%),

10/25/2034,

Ser.

2022-1,

Class

M1B

a,c

868,725

IndyMac

IMJA

Mortgage

Loan

Trust

562,463

6.250%, 

11/25/2037,

Ser.

2007-A3,

Class

A1

246,275

J.P.

Morgan

Mortgage

Trust

474,728

2.774%, 

5/25/2052,

Ser.

2021-LTV2,

Class

A2

a,c

391,292

700,862

5.000%, 

10/25/2053,

Ser.

2023-3,

Class

A4A

a,c

682,629

61,760

6.500%, 

1/25/2035,

Ser.

2005-S1,

Class

1A2

61,564

285,485

5.144%, 

2/25/2036,

Ser.

2006-A1,

Class

2A2

c

202,585

LHOME

Mortgage

Trust

600,000

7.017%, 

1/25/2029,

Ser.

2024-RTL1,

Class

A1

a,b

602,171

Merrill

Lynch

Alternative

Note

Asset

Trust

505,916

6.000%, 

3/25/2037,

Ser.

2007-F1,

Class

2A1

185,277

MFRA

Trust

1,000,000

7.093%, 

2/25/2029,

Ser.

2024-RTL1,

Class

A1

a,b

1,000,317

MortgageIT

Trust

1,214,154

5.904%, 

(TSFR1M

+

0.574%),

6/25/2047,

Ser.

2007-1,

Class

1A1

c

994,377

NYMT

Loan

Trust

650,000

7.154%, 

2/25/2029,

Ser.

2024-BPL1,

Class

A1

a,b

644,016

Preston

Ridge

Partners

Mortgage

Trust,

LLC

837,897

4.000%, 

1/25/2054,

Ser.

2024-RCF1,

Class

A1

a,b

799,550

Pretium

Mortgage

Credit

Partners,

LLC

982,453

7.021%, 

2/25/2054,

Ser.

2024-NPL2,

Class

A1

a,b

979,152

PRKCM

Trust

1,013,387

7.087%, 

6/25/2058,

Ser.

2023-AFC2,

Class

A3

a

1,011,382

859,768

7.627%, 

11/25/2058,

Ser.

2023-AFC4,

Class

A2

a,b

877,603

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

53

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Collateralized

Mortgage

Obligations

(6.5%)

-

continued

Residential

Accredit

Loans,

Inc.

Trust

$

302,041

6.000%, 

8/25/2035,

Ser.

2005-QS10,

Class

2A

$

255,468

203,074

6.000%, 

1/25/2037,

Ser.

2007-QS1,

Class

1A1

154,418

202,737

6.250%, 

4/25/2037,

Ser.

2007-QS6,

Class

A6

161,842

Residential

Asset

Securitization

Trust

314,053

4.460%, 

1/25/2034,

Ser.

2004-IP1,

Class

A1

c

287,604

Residential

Funding

Mortgage

Security

I

Trust

458,121

6.000%, 

7/25/2037,

Ser.

2007-S7,

Class

A20

347,489

ROC

Securities

Trust

Series

838,274

3.487%, 

8/25/2026,

Ser.

2021-RTL1,

Class

A1

a,c

833,515

Sequoia

Mortgage

Trust

362,060

3.626%, 

9/20/2046,

Ser.

2007-1,

Class

4A1

c

244,349

Structured

Adjustable

Rate

Mortgage

Loan

Trust

139,722

4.565%, 

7/25/2035,

Ser.

2005-15,

Class

4A1

c

117,257

Toorak

Mortgage

Trust

1,000,000

7.333%, 

2/25/2031,

Ser.

2024-1,

Class

A1

a,b

996,168

Triangle

Re,

Ltd.

1,100,000

8.720%, 

(SOFR30A

+

3.400%),

11/25/2033,

Ser.

2023-1,

Class

M1A

a,c

1,122,712

19,834

7.220%, 

(SOFR30A

+

1.900%),

2/25/2034,

Ser.

2021-3,

Class

M1A

a,c

19,841

TVC

Mortgage

Trust

900,000

8.250%, 

11/25/2027,

Ser.

2023-RTL1,

Class

A1

a,b

900,589

Unlock

HEA

Trust

900,000

7.000%, 

4/25/2039,

Ser.

2024-1,

Class

A

a

879,750

Verus

Securitization

Trust

830,279

2.491%, 

11/25/2066,

Ser.

2021-8,

Class

A3

a,c

698,280

538,183

6.560%, 

12/25/2067,

Ser.

2023-1,

Class

A2

a,b

538,237

WaMu

Mortgage

Pass-Through

Certificates

103,171

2.422%, 

5/25/2033,

Ser.

2003-AR4,

Class

A7

c

99,052

Washington

Mutual

Mortgage

Pass-Through

Certificates

246,346

6.000%, 

3/25/2035,

Ser.

2005-1,

Class

2A

201,384

Total

41,924,682

Commercial

Mortgage-Backed

Securities

(0.6%)

BANK5

2023-5YR1

1,000,000

6.411%, 

4/15/2056,

Ser.

2023-5YR1,

Class

AS

c

1,030,608

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Commercial

Mortgage-Backed

Securities

(0.6%)

-

continued

BBCMS

Mortgage

Trust

$

1,246,709

0.713%, 

2/15/2055,

Ser.

2022-C14,

Class

XA

c,g

$

48,880

3,987,033

1.151%, 

9/15/2055,

Ser.

2022-C17,

Class

XA

c,g

302,678

SCOTT

Trust

650,000

5.910%, 

3/15/2040,

Ser.

2023-SFS,

Class

A

a

653,712

Silver

Hill

Trust

227,109

3.102%, 

11/25/2049,

Ser.

2019-1,

Class

A1

a,c

216,249

Velocity

Commercial

Capital

Loan

Trust

614,288

6.550%, 

1/25/2054,

Ser.

2024-1,

Class

A

a,c

618,551

839,340

7.670%, 

11/25/2053,

Ser.

2023-4,

Class

A

a,c

862,048

Total

3,732,726

Communications

Services

(2.6%)

Allen

Media,

LLC/Allen

Media

Co-

Issuer,

Inc.

261,000

10.500%, 

2/15/2028

a

120,975

Altice

Financing

SA

187,000

5.750%, 

8/15/2029

a

149,832

Altice

France

SA/France

135,000

8.125%, 

2/1/2027

a

105,524

156,000

5.125%, 

7/15/2029

a

105,461

359,000

5.500%, 

10/15/2029

a

243,665

AMC

Networks,

Inc.

137,000

4.750%, 

8/1/2025

136,827

40,000

10.250%, 

1/15/2029

a,e

40,290

American

Tower

Corporation

161,000

4.400%, 

2/15/2026

158,186

96,000

1.450%, 

9/15/2026

87,497

127,000

5.500%, 

3/15/2028

128,064

88,000

5.800%, 

11/15/2028

90,097

126,000

3.800%, 

8/15/2029

117,591

AT&T,

Inc.

445,000

3.550%, 

9/15/2055

311,155

288,000

4.300%, 

2/15/2030

276,788

88,000

5.400%, 

2/15/2034

89,154

Bell

Telephone

Company

of

Canada

188,000

5.550%, 

2/15/2054

187,685

87,000

5.100%, 

5/11/2033

86,322

Cable

One,

Inc.,

Convertible

125,000

1.125%, 

3/15/2028

93,825

CCO

Holdings,

LLC/CCO

Holdings

Capital

Corporation

460,000

5.125%, 

5/1/2027

a

438,275

195,000

5.000%, 

2/1/2028

a

181,526

460,000

4.750%, 

3/1/2030

a

394,975

224,000

4.250%, 

2/1/2031

a

182,930

109,000

4.750%, 

2/1/2032

a

88,957

250,000

4.250%, 

1/15/2034

a

188,714

CenterPoint

Energy,

Inc.,

Convertible

7,588

3.369%, 

9/15/2029

244,713

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

54

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Communications

Services

(2.6%)

-

continued

Charter

Communications

Operating,

LLC/Charter

Communications

Operating

Capital

Corporation

$

80,000

6.150%, 

11/10/2026

$

80,627

147,000

5.050%, 

3/30/2029

141,741

Cimpress

plc

173,000

7.000%, 

6/15/2026

173,156

Clear

Channel

Outdoor

Holdings,

Inc.

293,000

7.500%, 

6/1/2029

a

242,323

Clear

Channel

Worldwide

Holdings,

Inc.

335,000

5.125%, 

8/15/2027

a

315,783

Comcast

Corporation

210,000

3.400%, 

4/1/2030

194,203

Connect

Finco

SARL/Connect

US

Finco,

LLC

149,000

6.750%, 

10/1/2026

a

146,061

Crown

Castle,

Inc.

133,000

2.900%, 

3/15/2027

124,400

CSC

Holdings,

LLC

291,000

5.375%, 

2/1/2028

a

250,296

88,000

11.750%, 

1/31/2029

a

88,137

335,000

6.500%, 

2/1/2029

a

283,849

359,000

5.750%, 

1/15/2030

a

190,045

Deutsche

Telekom

International

Finance

BV

244,000

8.750%, 

6/15/2030

288,436

DIRECTV

Financing,

LLC/DIRECTV

Financing

Co-Obligor,

Inc.

503,000

5.875%, 

8/15/2027

a

475,856

DISH

DBS

Corporation

99,000

5.875%, 

11/15/2024

f

94,854

136,000

5.250%, 

12/1/2026

a,f

107,088

101,000

7.375%, 

7/1/2028

48,624

44,000

5.750%, 

12/1/2028

a,f

30,239

152,000

5.125%, 

6/1/2029

63,397

DISH

Network

Corporation

190,000

11.750%, 

11/15/2027

a

193,977

Frontier

Communications

Holdings,

LLC

322,000

5.875%, 

10/15/2027

a

311,740

223,000

6.750%, 

5/1/2029

a

198,735

73,000

8.750%, 

5/15/2030

a

74,695

GCI,

LLC

225,000

4.750%, 

10/15/2028

a

206,304

Gray

Television,

Inc.

270,000

4.750%, 

10/15/2030

a

177,076

95,000

5.375%, 

11/15/2031

a

62,293

iHeartCommunications,

Inc.

195,000

6.375%, 

5/1/2026

166,352

Iliad

Holding

SASU

356,000

6.500%, 

10/15/2026

a

352,666

Lamar

Media

Corporation

154,000

3.625%, 

1/15/2031

135,124

LCPR

Senior

Secured

Financing

DAC

328,000

6.750%, 

10/15/2027

a

307,834

Level

3

Financing,

Inc.

387,000

4.625%, 

9/15/2027

a

257,355

119,000

4.250%, 

7/1/2028

a

55,930

138,000

10.500%, 

5/15/2030

a,f

141,105

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Communications

Services

(2.6%)

-

continued

McGraw-Hill

Education,

Inc.

$

256,000

8.000%, 

8/1/2029

a

$

240,619

Meta

Platforms,

Inc.

87,000

3.850%, 

8/15/2032

81,525

News

Corporation

276,000

3.875%, 

5/15/2029

a

252,389

NTT

Finance

Corporation

117,000

1.162%, 

4/3/2026

a

108,190

Outfront

Media

Capital,

LLC/

Outfront

Media

Capital

Corporation

104,000

4.625%, 

3/15/2030

a

93,270

Paramount

Global

264,000

6.375%, 

3/30/2062

c

243,929

Playtika

Holding

Corporation

248,000

4.250%, 

3/15/2029

a

214,697

Rogers

Communications,

Inc.

50,000

5.250%, 

3/15/2082

a,c,f

47,924

132,000

5.000%, 

2/15/2029

131,083

220,000

5.300%, 

2/15/2034

218,038

Scripps

Escrow

II,

Inc.

85,000

3.875%, 

1/15/2029

a

67,589

107,000

5.375%, 

1/15/2031

a

65,834

Sinclair

Television

Group,

Inc.

293,000

4.125%, 

12/1/2030

a

213,409

Sirius

XM

Radio,

Inc.

296,000

5.000%, 

8/1/2027

a

284,776

200,000

4.000%, 

7/15/2028

a

182,974

Sprint

Capital

Corporation

286,000

6.875%, 

11/15/2028

304,772

136,000

8.750%, 

3/15/2032

164,907

Take-Two

Interactive

Software,

Inc.

234,000

4.950%, 

3/28/2028

233,101

TEGNA,

Inc.

81,000

4.750%, 

3/15/2026

a

79,413

255,000

4.625%, 

3/15/2028

233,237

Telecom

Italia

Capital

SA

190,000

6.000%, 

9/30/2034

173,784

Telecom

Italia

SPA/Milano

120,000

5.303%, 

5/30/2024

a

119,347

Telesat

Canada/Telesat,

LLC

150,000

4.875%, 

6/1/2027

a

78,000

55,000

6.500%, 

10/15/2027

a

22,000

T-Mobile

USA,

Inc.

89,000

5.500%, 

1/15/2055

88,830

165,000

3.375%, 

4/15/2029

152,597

United

States

Cellular

Corporation

55,000

6.700%, 

12/15/2033

53,908

Uniti

Group,

Inc.,

Convertible

146,000

7.500%, 

12/1/2027

a

151,840

Uniti

Group,

LP/Uniti

Group

Finance,

Inc./CSL

Capital,

LLC

246,000

4.750%, 

4/15/2028

a

214,789

144,000

6.500%, 

2/15/2029

a

111,604

Univision

Communications,

Inc.

268,000

4.500%, 

5/1/2029

a

239,499

Urban

One,

Inc.

49,000

7.375%, 

2/1/2028

a

41,579

Verizon

Communications,

Inc.

103,000

5.500%, 

2/23/2054

104,112

161,000

2.100%, 

3/22/2028

144,942

147,000

3.150%, 

3/22/2030

132,907

194,000

2.355%, 

3/15/2032

159,428

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

55

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Communications

Services

(2.6%)

-

continued

Viasat,

Inc.

$

129,000

6.500%, 

7/15/2028

a

$

99,616

Virgin

Media

Finance

plc

97,000

5.000%, 

7/15/2030

a

82,077

Virgin

Media

Secured

Finance

plc

206,000

5.500%, 

5/15/2029

a

190,461

Vodafone

Group

plc

220,000

7.000%, 

4/4/2079

c

226,928

VZ

Secured

Financing

BV

253,000

5.000%, 

1/15/2032

a

217,227

Walt

Disney

Company

80,000

3.800%, 

3/22/2030

76,228

Warnermedia

Holdings,

Inc.

87,000

3.638%, 

3/15/2025

85,271

230,000

4.054%, 

3/15/2029

215,309

YPSO

Finance

BIS

SA

158,000

10.500%, 

5/15/2027

a

59,120

Zayo

Group

Holdings,

Inc.

97,000

4.000%, 

3/1/2027

a

79,845

Ziggo

Bond

Company

BV

95,000

5.125%, 

2/28/2030

a,f

81,358

Total

17,093,611

Consumer

Cyclical

(3.7%)

1011778

B.C.,

ULC/New

Red

Finance,

Inc.

381,000

4.375%, 

1/15/2028

a

360,400

Adient

Global

Holdings,

Ltd.

129,000

8.250%, 

4/15/2031

a,f

136,126

Alimentation

Couche-Tard,

Inc.

144,000

5.617%, 

2/12/2054

a

145,351

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation

62,000

6.625%, 

7/15/2026

a

61,959

195,000

6.000%, 

6/1/2029

a,f

167,783

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation/

Atlas

Luxco

4

SARL

410,000

4.625%, 

6/1/2028

a

374,400

Allison

Transmission,

Inc.

158,000

3.750%, 

1/30/2031

a

137,858

Amazon.com,

Inc.

98,000

1.500%, 

6/3/2030

81,783

175,000

4.700%, 

12/1/2032

175,671

AMC

Entertainment

Holdings,

Inc.

59,000

7.500%, 

2/15/2029

a

39,408

American

Axle

&

Manufacturing,

Inc.

370,000

6.500%, 

4/1/2027

368,745

American

Honda

Finance

Corporation

133,000

5.650%, 

11/15/2028

137,054

174,000

5.850%, 

10/4/2030

181,987

135,000

4.900%, 

1/10/2034

132,931

Anywhere

Real

Estate

Group,

LLC/Anywhere

Co-Issuer

Corporation

43,000

7.000%, 

4/15/2030

a

38,289

Arches

Buyer,

Inc.

176,000

6.125%, 

12/1/2028

a

147,431

Arko

Corporation

185,000

5.125%, 

11/15/2029

a

153,119

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Consumer

Cyclical

(3.7%)

-

continued

Asbury

Automotive

Group,

Inc.

$

136,000

5.000%, 

2/15/2032

a

$

123,222

Ashton

Woods

USA,

LLC/Ashton

Woods

Finance

Company

180,000

4.625%, 

8/1/2029

a

166,034

106,000

4.625%, 

4/1/2030

a

96,849

Beazer

Homes

USA,

Inc.

56,000

7.500%, 

3/15/2031

a

56,555

Best

Buy

Company,

Inc.

98,000

1.950%, 

10/1/2030

81,468

Bloomin'

Brands,

Inc.,

Convertible

59,000

5.000%, 

5/1/2025

151,843

Booking

Holdings,

Inc.,

Convertible

163,000

0.750%, 

5/1/2025

314,590

Boyd

Gaming

Corporation

270,000

4.750%, 

6/15/2031

a

248,116

Boyne

USA,

Inc.

106,000

4.750%, 

5/15/2029

a

98,259

Brookfield

Residential

Properties,

Inc./Brookfield

Residential

US,

LLC

169,000

6.250%, 

9/15/2027

a

165,337

Burlington

Stores,

Inc.,

Convertible

224,000

2.250%, 

4/15/2025

261,946

110,000

1.250%, 

12/15/2027

a

140,030

Caesars

Entertainment,

Inc.

55,000

8.125%, 

7/1/2027

a

56,329

527,000

4.625%, 

10/15/2029

a

480,556

97,000

6.500%, 

2/15/2032

a

97,854

Carnival

Corporation

152,000

7.625%, 

3/1/2026

a

153,787

345,000

5.750%, 

3/1/2027

a

341,459

112,000

4.000%, 

8/1/2028

a

104,327

82,000

6.000%, 

5/1/2029

a

80,910

Carvana

Company

138,000

0.000%,PIK

12.000%,

12/1/2028

a,h

134,928

Cedar

Fair,

LP

206,000

5.250%, 

7/15/2029

195,273

Churchill

Downs,

Inc.

185,000

4.750%, 

1/15/2028

a

176,113

116,000

6.750%, 

5/1/2031

a

116,648

Cinemark

USA,

Inc.

237,000

5.875%, 

3/15/2026

a

233,992

Clarios

Global,

LP/Clarios

US

Finance

Company,

Inc.

140,000

8.500%, 

5/15/2027

a

140,212

287,000

6.750%, 

5/15/2028

a

290,911

D.R.

Horton,

Inc.

56,000

2.600%, 

10/15/2025

53,658

Dana,

Inc.

117,000

4.500%, 

2/15/2032

101,126

eG

Global

Finance

plc

39,000

12.000%, 

11/30/2028

a

41,455

Expedia

Group,

Inc.

146,000

3.250%, 

2/15/2030

131,426

Expedia

Group,

Inc.,

Convertible

377,000

Zero

Coupon, 

2/15/2026

347,217

Ford

Motor

Company

292,000

3.250%, 

2/12/2032

242,887

Ford

Motor

Company,

Convertible

545,000

Zero

Coupon, 

3/15/2026

563,257

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

56

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Consumer

Cyclical

(3.7%)

-

continued

Ford

Motor

Credit

Company,

LLC

$

168,000

2.900%, 

2/10/2029

$

148,126

148,000

7.122%, 

11/7/2033

159,235

Forestar

Group,

Inc.

185,000

3.850%, 

5/15/2026

a

176,673

General

Motors

Financial

Company,

Inc.

233,000

3.950%, 

4/13/2024

232,803

83,000

1.200%, 

10/15/2024

81,018

43,000

2.900%, 

2/26/2025

41,946

111,000

2.750%, 

6/20/2025

107,266

135,000

5.800%, 

6/23/2028

137,641

104,000

5.800%, 

1/7/2029

105,832

196,000

5.700%, 

9/30/2030

c,i

187,935

63,000

5.750%, 

2/8/2031

63,683

Genuine

Parts

Company

89,000

6.500%, 

11/1/2028

93,993

Goodyear

Tire

&

Rubber

Company

185,000

5.000%, 

7/15/2029

f

172,721

Hanesbrands,

Inc.

91,000

4.875%, 

5/15/2026

a

88,600

89,000

9.000%, 

2/15/2031

a,f

91,443

Hilton

Domestic

Operating

Company,

Inc.

161,000

4.875%, 

1/15/2030

154,367

114,000

3.625%, 

2/15/2032

a

98,154

Hilton

Grand

Vacations

Borrower

Escrow,

LLC/Hilton

Grand

Vacations

Borrower

Escrow,

Inc.

183,000

5.000%, 

6/1/2029

a

170,666

Home

Depot,

Inc.

137,000

3.250%, 

4/15/2032

122,449

Hyatt

Hotels

Corporation

79,000

5.750%, 

1/30/2027

80,229

Hyundai

Capital

America

57,000

5.500%, 

3/30/2026

a

57,093

147,000

3.000%, 

2/10/2027

a

138,006

89,000

6.500%, 

1/16/2029

a

93,371

International

Game

Technology

plc

347,000

5.250%, 

1/15/2029

a

335,269

Jacobs

Entertainment,

Inc.

158,000

6.750%, 

2/15/2029

a

153,484

KB

Home

240,000

4.800%, 

11/15/2029

229,066

Kohl's

Corporation

81,000

4.625%, 

5/1/2031

68,164

L

Brands,

Inc.

370,000

6.625%, 

10/1/2030

a

377,955

100,000

6.875%, 

11/1/2035

102,256

Lennar

Corporation

110,000

4.750%, 

5/30/2025

109,043

Light

&

Wonder

International,

Inc.

241,000

7.250%, 

11/15/2029

a

247,403

Live

Nation

Entertainment,

Inc.

167,000

4.750%, 

10/15/2027

a

159,456

Live

Nation

Entertainment,

Inc.,

Convertible

169,000

2.000%, 

2/15/2025

f

187,066

424,000

3.125%, 

1/15/2029

f

508,546

Lowe's

Companies,

Inc.

219,000

4.500%, 

4/15/2030

214,140

Macy's

Retail

Holdings,

LLC

270,000

5.875%, 

4/1/2029

a,f

264,875

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Consumer

Cyclical

(3.7%)

-

continued

$

78,000

6.125%, 

3/15/2032

a

$

75,604

Marriott

International,

Inc./MD

83,000

4.900%, 

4/15/2029

82,345

146,000

4.625%, 

6/15/2030

142,043

Marriott

Vacations

Worldwide

Corporation,

Convertible

251,000

Zero

Coupon, 

1/15/2026

237,822

309,000

3.250%, 

12/15/2027

289,842

Mattamy

Group

Corporation

218,000

5.250%, 

12/15/2027

a

211,363

McDonald's

Corporation

94,000

4.950%, 

8/14/2033

94,132

Mercedes-Benz

Finance

North

America,

LLC

150,000

1.450%, 

3/2/2026

a

139,970

150,000

5.200%, 

8/3/2026

a

150,348

Michaels

Companies,

Inc.

69,000

5.250%, 

5/1/2028

a

58,793

62,000

7.875%, 

5/1/2029

a

46,514

NCL

Corporation,

Ltd.

223,000

5.875%, 

3/15/2026

a

220,135

178,000

5.875%, 

2/15/2027

a

175,863

Nordstrom,

Inc.

92,000

4.375%, 

4/1/2030

83,305

130,000

4.250%, 

8/1/2031

114,147

PENN

Entertainment,

Inc.

195,000

4.125%, 

7/1/2029

a,f

167,690

PetSmart,

Inc./PetSmart

Finance

Corporation

370,000

4.750%, 

2/15/2028

a

346,411

139,000

7.750%, 

2/15/2029

a

135,322

Prime

Security

Services

Borrower,

LLC/Prime

Finance,

Inc.

345,000

5.750%, 

4/15/2026

a

343,994

213,000

6.250%, 

1/15/2028

a,f

208,650

QVC,

Inc.

49,000

4.375%, 

9/1/2028

39,271

Raising

Cane's

Restaurants,

LLC

96,000

9.375%, 

5/1/2029

a

103,751

Rakuten

Group,

Inc.

117,000

11.250%, 

2/15/2027

a

123,960

Real

Hero

Merger

Sub

2,

Inc.

143,000

6.250%, 

2/1/2029

a,f

125,298

Realogy

Group,

LLC/Realogy

Group

Co-Issuer

Corporation

90,000

5.750%, 

1/15/2029

a,f

63,733

Royal

Caribbean

Cruises,

Ltd.

403,000

4.250%, 

7/1/2026

a

388,913

178,000

9.250%, 

1/15/2029

a

190,917

149,000

7.250%, 

1/15/2030

a

154,808

Scientific

Games

Holdings,

LP/

Scientific

Games

US

FinCo,

Inc.

33,000

6.625%, 

3/1/2030

a

31,903

SeaWorld

Parks

and

Entertainment,

Inc.

189,000

5.250%, 

8/15/2029

a

178,009

Six

Flags

Theme

Parks,

Inc.

96,000

7.000%, 

7/1/2025

a

96,139

Staples,

Inc.

224,000

7.500%, 

4/15/2026

a

218,618

78,000

10.750%, 

4/15/2027

a

74,142

Station

Casinos,

LLC

216,000

4.625%, 

12/1/2031

a

194,140

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

57

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Consumer

Cyclical

(3.7%)

-

continued

Tapestry,

Inc.

$

128,000

7.350%, 

11/27/2028

$

134,874

Target

Corporation

177,000

2.350%, 

2/15/2030

155,659

Tenneco,

Inc.

258,000

8.000%, 

11/17/2028

a

235,409

Toyota

Motor

Credit

Corporation

88,000

5.550%, 

11/20/2030

91,040

87,000

4.800%, 

1/5/2034

85,589

Tractor

Supply

Company

88,000

5.250%, 

5/15/2033

88,654

Tripadvisor,

Inc.

58,000

7.000%, 

7/15/2025

a

57,841

Uber

Technologies,

Inc.,

Convertible

293,000

Zero

Coupon, 

12/15/2025

328,892

289,000

0.875%, 

12/1/2028

a

357,493

Vail

Resorts,

Inc.,

Convertible

385,000

Zero

Coupon, 

1/1/2026

352,275

VICI

Properties,

LP/VICI

Note

Company,

Inc.

326,000

5.750%, 

2/1/2027

a

325,588

Victoria's

Secret

&

Company

187,000

4.625%, 

7/15/2029

a

153,434

Viking

Cruises,

Ltd.

375,000

5.875%, 

9/15/2027

a

367,918

Volkswagen

Group

of

America

Finance,

LLC

56,000

3.350%, 

5/13/2025

a

54,664

Wabash

National

Corporation

298,000

4.500%, 

10/15/2028

a

273,277

Walgreens

Boots

Alliance,

Inc.

137,000

3.200%, 

4/15/2030

119,072

WASH

Multifamily

Acquisition,

Inc.

122,000

5.750%, 

4/15/2026

a,f

119,239

Wynn

Resorts

Finance,

LLC/Wynn

Resorts

Capital

Corporation

190,000

7.125%, 

2/15/2031

a

196,630

Yum!

Brands,

Inc.

272,000

4.750%, 

1/15/2030

a

257,982

ZF

North

America

Capital,

Inc.

150,000

7.125%, 

4/14/2030

a

158,058

Total

23,810,325

Consumer

Non-Cyclical

(3.0%)

1375209

B.C.,

Ltd.

127,000

9.000%, 

1/30/2028

a,f

124,460

AbbVie,

Inc.

220,000

5.500%, 

3/15/2064

226,249

132,000

5.350%, 

3/15/2044

134,594

AdaptHealth,

LLC

349,000

4.625%, 

8/1/2029

a

300,330

Albertsons

Companies,

Inc./

Safeway,

Inc./New

Albertsons,

LP/Albertsons,

LLC

250,000

4.625%, 

1/15/2027

a

241,949

261,000

3.500%, 

3/15/2029

a

234,270

Altria

Group,

Inc.

88,000

6.200%, 

11/1/2028

91,720

Amgen,

Inc.

128,000

5.150%, 

3/2/2028

128,821

219,000

5.250%, 

3/2/2030

222,328

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Consumer

Non-Cyclical

(3.0%)

-

continued

Anheuser-Busch

InBev

Worldwide,

Inc.

$

195,000

4.750%, 

1/23/2029

$

194,943

266,000

5.000%, 

6/15/2034

267,583

Archer-Daniels-Midland

Company

88,000

4.500%, 

8/15/2033

85,156

AstraZeneca

Finance,

LLC

195,000

1.750%, 

5/28/2028

173,137

131,000

5.000%, 

2/26/2034

131,538

B&G

Foods,

Inc.

174,000

5.250%, 

9/15/2027

f

162,592

BAT

Capital

Corporation

97,000

6.343%, 

8/2/2030

101,071

57,000

5.834%, 

2/20/2031

57,489

93,000

7.750%, 

10/19/2032

104,947

46,000

6.000%, 

2/20/2034

46,577

Bausch

+

Lomb

Corporation

48,000

8.375%, 

10/1/2028

a

49,664

Bausch

Health

Companies,

Inc.

169,000

5.500%, 

11/1/2025

a

159,521

263,000

4.875%, 

6/1/2028

a

143,520

79,000

11.000%, 

9/30/2028

a,f

52,733

Becton,

Dickinson

and

Company

71,000

4.693%, 

2/13/2028

70,278

147,000

2.823%, 

5/20/2030

129,712

BellRing

Brands,

Inc.

162,000

7.000%, 

3/15/2030

a

166,875

BioMarin

Pharmaceutical,

Inc.,

Convertible

241,000

1.250%, 

5/15/2027

f

237,698

Bio-Rad

Laboratories,

Inc.

133,000

3.300%, 

3/15/2027

126,118

Bristol-Myers

Squibb

Company

176,000

5.550%, 

2/22/2054

180,996

89,000

5.750%, 

2/1/2031

93,409

43,000

5.900%, 

11/15/2033

f

45,951

Campbell

Soup

Company

286,000

5.400%, 

3/21/2034

288,146

Cargill,

Inc.

172,000

2.125%, 

11/10/2031

a

140,921

Catalent

Pharma

Solutions,

Inc.

97,000

3.125%, 

2/15/2029

a

92,691

Central

Garden

&

Pet

Company

350,000

4.125%, 

10/15/2030

313,984

Cheplapharm

Arzneimittel

GmbH

40,000

5.500%, 

1/15/2028

a

38,115

Chobani,

LLC/Chobani

Finance

Corporation,

Inc.

285,000

4.625%, 

11/15/2028

a

265,773

81,000

7.625%, 

7/1/2029

a,f

82,114

CHS/Community

Health

Systems,

Inc.

191,000

5.625%, 

3/15/2027

a

175,796

59,000

8.000%, 

12/15/2027

a

57,875

251,000

6.000%, 

1/15/2029

a

219,273

127,000

6.125%, 

4/1/2030

a,f

91,581

127,000

5.250%, 

5/15/2030

a

103,557

111,000

4.750%, 

2/15/2031

a

85,664

Cigna

Group

88,000

5.600%, 

2/15/2054

88,328

110,000

2.400%, 

3/15/2030

94,991

Constellation

Brands,

Inc.

90,000

4.800%, 

1/15/2029

89,211

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

58

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Consumer

Non-Cyclical

(3.0%)

-

continued

$

195,000

3.150%, 

8/1/2029

$

177,609

32,000

4.900%, 

5/1/2033

31,392

Coty,

Inc./HFC

Prestige

Products,

Inc./HFC

Prestige

International

US,

LLC

348,000

4.750%, 

1/15/2029

a

329,316

37,000

6.625%, 

7/15/2030

a

37,573

CVS

Health

Corporation

81,000

5.000%, 

2/20/2026

80,717

77,000

4.300%, 

3/25/2028

75,142

81,000

5.125%, 

2/21/2030

81,244

88,000

5.300%, 

6/1/2033

88,207

Diageo

Capital

plc

97,000

2.000%, 

4/29/2030

82,541

130,000

5.625%, 

10/5/2033

136,744

Edgewell

Personal

Care

Company

200,000

5.500%, 

6/1/2028

a

195,498

Eli

Lilly

&

Company

176,000

5.000%, 

2/9/2054

175,009

176,000

4.700%, 

2/27/2033

175,546

Embecta

Corporation

91,000

6.750%, 

2/15/2030

a

78,846

Encompass

Health

Corporation

346,000

4.500%, 

2/1/2028

329,537

Energizer

Holdings,

Inc.

335,000

4.375%, 

3/31/2029

a

300,181

Envista

Holdings

Corporation,

Convertible

163,000

1.750%, 

8/15/2028

a

143,338

Fortrea

Holdings,

Inc.

70,000

7.500%, 

7/1/2030

a

72,260

General

Mills,

Inc.

35,000

4.950%, 

3/29/2033

34,610

Gilead

Sciences,

Inc.

89,000

5.250%, 

10/15/2033

90,822

Grifols

SA

243,000

4.750%, 

10/15/2028

a,f

201,049

Herbalife

Nutrition,

Ltd./HLF

Financing,

Inc.

39,000

7.875%, 

9/1/2025

a

38,995

HLF

Financing

SARL,

LLC/

Herbalife

International,

Inc.

292,000

4.875%, 

6/1/2029

a

202,940

Imperial

Brands

Finance

plc

105,000

3.125%, 

7/26/2024

a

104,087

Integer

Holdings

Corporation,

Convertible

329,000

2.125%, 

2/15/2028

474,747

Jazz

Investments

I,

Ltd.,

Convertible

345,000

2.000%, 

6/15/2026

341,684

Jazz

Securities

DAC

155,000

4.375%, 

1/15/2029

a

144,388

JBS

USA

LUX

SA/JBS

USA

Food

Company/JBS

Luxembourg

SARL

82,000

6.750%, 

3/15/2034

a

86,159

JBS

USA

LUX

SA/JBS

USA

Food

Company/JBS

USA

Finance,

Inc.

231,000

2.500%, 

1/15/2027

212,931

114,000

3.625%, 

1/15/2032

97,542

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Consumer

Non-Cyclical

(3.0%)

-

continued

KeHE

Distributors,

LLC/KeHE

Finance

Corporation/NextWave

Distribution,

Inc.

$

78,000

9.000%, 

2/15/2029

a

$

79,078

Kenvue,

Inc.

44,000

5.000%, 

3/22/2030

44,459

Keurig

Dr

Pepper,

Inc.

107,000

3.200%, 

5/1/2030

96,381

172,000

5.300%, 

3/15/2034

172,593

Kraft

Heinz

Foods

Company

87,000

6.750%, 

3/15/2032

96,409

Kroger

Company

80,000

4.500%, 

1/15/2029

78,924

Legacy

LifePoint

Health,

LLC

104,000

4.375%, 

2/15/2027

a

99,103

LifePoint

Health,

Inc.

76,000

9.875%, 

8/15/2030

a

79,499

98,000

11.000%, 

10/15/2030

a

104,742

Mattel,

Inc.

272,000

3.375%, 

4/1/2026

a

260,134

McKesson

Corporation

95,000

1.300%, 

8/15/2026

86,956

Medline

Borrower,

LP/Medline

Co-

Issuer,

Inc.

161,000

6.250%, 

4/1/2029

a

161,721

Medtronic

Global

Holdings

SCA

86,000

4.500%, 

3/30/2033

83,452

ModivCare

Escrow

Issuer,

Inc.

87,000

5.000%, 

10/1/2029

a

63,083

ModivCare,

Inc.

69,000

5.875%, 

11/15/2025

a

67,196

Mozart

Debt

Merger

Sub,

Inc.

269,000

3.875%, 

4/1/2029

a

244,846

184,000

5.250%, 

10/1/2029

a

173,911

Nestle

Capital

Corporation

150,000

5.100%, 

3/12/2054

a

149,333

Organon

&

Company/Organon

Foreign

Debt

Co-Issuer

BV

264,000

4.125%, 

4/30/2028

a

246,019

144,000

5.125%, 

4/30/2031

a

128,032

Owens

&

Minor,

Inc.

234,000

6.625%, 

4/1/2030

a,f

232,248

Perrigo

Finance

Unlimited

Company

119,000

4.375%, 

3/15/2026

115,794

136,000

3.150%, 

6/15/2030

125,019

Pfizer

Investment

Enterprises,

Private

Ltd.

119,000

4.450%, 

5/19/2026

117,763

Philip

Morris

International,

Inc.

168,000

4.875%, 

2/15/2028

167,537

93,000

5.625%, 

11/17/2029

95,778

88,000

5.125%, 

2/13/2031

87,423

93,000

5.750%, 

11/17/2032

96,015

132,000

5.250%, 

2/13/2034

130,830

Post

Holdings,

Inc.

195,000

4.500%, 

9/15/2031

a

175,401

Post

Holdings,

Inc.,

Convertible

288,000

2.500%, 

8/15/2027

323,856

Primo

Water

Holdings,

Inc.

237,000

4.375%, 

4/30/2029

a

217,939

Procter

&

Gamble

Company

81,000

1.200%, 

10/29/2030

66,253

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

59

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Consumer

Non-Cyclical

(3.0%)

-

continued

RegionalCare

Hospital

Partners

Holdings,

Inc./LifePoint

Health,

Inc.

$

104,000

9.750%, 

12/1/2026

a

$

104,140

Roche

Holdings,

Inc.

130,000

5.218%, 

3/8/2054

a

131,861

93,000

1.930%, 

12/13/2028

a

82,087

136,000

2.076%, 

12/13/2031

a

112,034

Royalty

Pharma

plc

222,000

1.200%, 

9/2/2025

208,955

Scotts

Miracle-Gro

Company

97,000

4.500%, 

10/15/2029

87,784

Sigma

Holdco

BV

122,000

7.875%, 

5/15/2026

a,f

117,120

Simmons

Foods,

Inc.

318,000

4.625%, 

3/1/2029

a

281,020

Spectrum

Brands,

Inc.

124,000

5.000%, 

10/1/2029

a

121,526

150,000

5.500%, 

7/15/2030

a

146,913

Star

Parent,

Inc.

160,000

9.000%, 

10/1/2030

a

169,329

Surgery

Center

Holdings,

Inc.

97,000

7.250%, 

4/15/2032

a,e

97,753

Sysco

Corporation

84,000

5.950%, 

4/1/2030

87,584

Takeda

Pharmaceutical

Company,

Ltd.

161,000

5.000%, 

11/26/2028

161,239

Tenet

Healthcare

Corporation

505,000

5.125%, 

11/1/2027

493,955

140,000

6.125%, 

10/1/2028

f

139,498

Teva

Pharmaceutical

Finance

Netherlands

III

BV

188,000

3.150%, 

10/1/2026

175,760

Topgolf

Callaway

Brands

Corporation,

Convertible

113,000

2.750%, 

5/1/2026

129,159

Triton

Water

Holdings,

Inc.

155,000

6.250%, 

4/1/2029

a

141,176

Unilever

Capital

Corporation

100,000

5.000%, 

12/8/2033

101,114

Viterra

Finance

BV

178,000

3.200%, 

4/21/2031

a

154,094

Winnebago

Industries,

Inc.,

Convertible

213,000

3.250%, 

1/15/2030

a

230,147

Wyeth,

LLC

215,000

6.500%, 

2/1/2034

238,136

Zoetis,

Inc.

131,000

5.600%, 

11/16/2032

135,958

Total

19,650,972

Energy

(2.9%)

Antero

Midstream

Partners,

LP/

Antero

Midstream

Finance

Corporation

164,000

5.375%, 

6/15/2029

a

157,712

Antero

Resources

Corporation

93,000

5.375%, 

3/1/2030

a

89,315

Apache

Corporation

131,000

4.375%, 

10/15/2028

123,831

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Energy

(2.9%)

-

continued

Archrock

Partners,

LP/Archrock

Partners

Finance

Corporation

$

340,000

6.250%, 

4/1/2028

a

$

336,409

Ascent

Resources

Utica

Holdings,

LLC/ARU

Finance

Corporation

162,000

8.250%, 

12/31/2028

a

166,420

Baytex

Energy

Corporation

174,000

8.500%, 

4/30/2030

a

181,689

Borr

IHC,

Ltd./Borr

Finance,

LLC

200,000

10.375%, 

11/15/2030

a

208,000

BP

Capital

Markets

America,

Inc.

235,000

4.234%, 

11/6/2028

229,980

127,000

4.812%, 

2/13/2033

125,337

BP

Capital

Markets

plc

165,000

4.875%, 

3/22/2030

c,i

157,413

177,000

6.450%, 

12/1/2033

c,i

183,299

Buckeye

Partners,

LP

111,000

4.500%, 

3/1/2028

a

105,452

Cheniere

Energy

Partners,

LP

97,000

4.500%, 

10/1/2029

92,319

97,000

3.250%, 

1/31/2032

82,628

114,000

5.950%, 

6/30/2033

f

116,551

Cheniere

Energy,

Inc.

77,000

5.650%, 

4/15/2034

a

77,550

Chesapeake

Energy

Corporation

132,000

6.750%, 

4/15/2029

a

133,414

Civitas

Resources,

Inc.

118,000

8.375%, 

7/1/2028

a

124,220

56,000

8.625%, 

11/1/2030

a

60,132

203,000

8.750%, 

7/1/2031

a

217,222

CNX

Resources

Corporation

101,000

6.000%, 

1/15/2029

a

98,888

CNX

Resources

Corporation,

Convertible

219,000

2.250%, 

5/1/2026

414,041

Columbia

Pipelines

Holding

Company,

LLC

78,000

6.055%, 

8/15/2026

a

78,852

175,000

6.042%, 

8/15/2028

a

178,819

Comstock

Resources,

Inc.

183,000

5.875%, 

1/15/2030

a

165,726

CQP

Holdco,

LP/BIP-V

Chinnok

Holdco,

LLC

217,000

5.500%, 

6/15/2031

a

205,090

Crescent

Energy

Finance,

LLC

97,000

9.250%, 

2/15/2028

a

102,421

241,000

7.625%, 

4/1/2032

a

242,857

Delek

Logistics

Partners,

LP/Delek

Logistics

Finance

Corporation

97,000

8.625%, 

3/15/2029

a

99,053

Diamond

Foreign

Asset

Company/

Diamond

Finance,

LLC

64,000

8.500%, 

10/1/2030

a

67,546

Diamondback

Energy,

Inc.

224,000

3.125%, 

3/24/2031

198,443

DT

Midstream,

Inc.

130,000

4.125%, 

6/15/2029

a

119,513

90,000

4.375%, 

6/15/2031

a

81,506

Enbridge,

Inc.

190,000

7.375%, 

1/15/2083

c

190,890

182,000

7.625%, 

1/15/2083

c

186,778

89,000

5.900%, 

11/15/2026

90,653

44,000

5.700%, 

3/8/2033

45,063

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

60

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Energy

(2.9%)

-

continued

Enerflex,

Ltd.

$

155,000

9.000%, 

10/15/2027

a

$

159,258

Energy

Transfer,

LP

89,000

5.950%, 

5/15/2054

88,817

210,000

6.500%, 

11/15/2026

c,i

205,830

87,000

4.400%, 

3/15/2027

85,134

87,000

6.400%, 

12/1/2030

91,835

Enterprise

Products

Operating,

LLC

97,000

4.150%, 

10/16/2028

94,356

215,000

8.573%, 

(TSFR3M

+

3.248%),

8/16/2077

c

214,591

EQM

Midstream

Partners,

LP

480,000

4.750%, 

1/15/2031

a

446,379

Ferrellgas,

LP/Ferrellgas

Finance

Corporation

199,000

5.375%, 

4/1/2026

a

194,690

Genesis

Energy

LP/Genesis

Energy

Finance

Corporation

256,000

8.875%, 

4/15/2030

267,969

Harvest

Midstream,

LP

195,000

7.500%, 

9/1/2028

a

197,717

Hess

Midstream

Operations,

LP

156,000

5.625%, 

2/15/2026

a

154,753

Hilcorp

Energy

I,

LP/Hilcorp

Finance

Company

259,000

5.750%, 

2/1/2029

a

252,276

149,000

6.250%, 

4/15/2032

a

146,943

Howard

Midstream

Energy

Partners,

LLC

289,000

6.750%, 

1/15/2027

a

288,343

ITT

Holdings,

LLC

265,000

6.500%, 

8/1/2029

a

241,839

Kodiak

Gas

Services,

LLC

98,000

7.250%, 

2/15/2029

a

99,822

Laredo

Petroleum,

Inc.

299,000

7.750%, 

7/31/2029

a

301,470

Marathon

Oil

Corporation

98,000

4.400%, 

7/15/2027

95,231

MEG

Energy

Corporation

227,000

5.875%, 

2/1/2029

a

223,054

MPLX,

LP

243,000

1.750%, 

3/1/2026

227,155

43,000

5.000%, 

3/1/2033

41,742

Nabors

Industries,

Ltd.

350,000

7.250%, 

1/15/2026

a

347,833

National

Fuel

Gas

Company

195,000

5.500%, 

1/15/2026

194,699

New

Fortress

Energy,

Inc.

78,000

6.750%, 

9/15/2025

a

77,468

64,000

8.750%, 

3/15/2029

a

63,756

NGL

Energy

Operating,

LLC/NGL

Energy

Finance

Corporation

65,000

8.125%, 

2/15/2029

a

66,572

97,000

8.375%, 

2/15/2032

a

99,435

Noble

Finance

II,

LLC

193,000

8.000%, 

4/15/2030

a

201,038

Northern

Oil

and

Gas,

Inc.

174,000

8.750%, 

6/15/2031

a

183,737

Northern

Oil

and

Gas,

Inc.,

Convertible

209,000

3.625%, 

4/15/2029

254,458

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Energy

(2.9%)

-

continued

Northriver

Midstream

Finance,

LP

$

95,000

5.625%, 

2/15/2026

a

$

94,188

NuStar

Logistics,

LP

158,000

6.375%, 

10/1/2030

159,022

Occidental

Petroleum

Corporation

174,000

8.875%, 

7/15/2030

202,132

ONEOK,

Inc.

146,000

2.200%, 

9/15/2025

139,305

83,000

5.550%, 

11/1/2026

83,760

87,000

5.650%, 

11/1/2028

88,932

Ovintiv,

Inc.

103,000

5.650%, 

5/15/2028

f

104,703

89,000

6.250%, 

7/15/2033

92,533

PBF

Holding

Company,

LLC/PBF

Finance

Corporation

127,000

6.000%, 

2/15/2028

124,967

Permian

Resources

Operating,

LLC

242,000

7.000%, 

1/15/2032

a

251,054

Permian

Resources

Operating,

LLC,

Convertible

108,000

3.250%, 

4/1/2028

318,870

Pioneer

Natural

Resources

Company

120,000

1.900%, 

8/15/2030

100,806

Pioneer

Natural

Resources

Company,

Convertible

165,000

0.250%, 

5/15/2025

471,999

Plains

All

American

Pipeline,

LP

110,000

9.679%, 

(TSFR3M

+

4.372%),

5/2/2024

c,f,i

109,304

Plains

All

American

Pipeline,

LP/

PAA

Finance

Corporation

206,000

4.650%, 

10/15/2025

203,202

Prairie

Acquiror,

LP

130,000

9.000%, 

8/1/2029

a

133,827

Precision

Drilling

Corporation

230,000

6.875%, 

1/15/2029

a

229,573

Range

Resources

Corporation

140,000

4.750%, 

2/15/2030

a

130,529

Rockcliff

Energy

II,

LLC

185,000

5.500%, 

10/15/2029

a

173,127

Rockies

Express

Pipeline,

LLC

203,000

4.950%, 

7/15/2029

a

189,721

Schlumberger

Holdings

Corporation

61,000

4.300%, 

5/1/2029

a

59,545

SM

Energy

Company

61,000

6.625%, 

1/15/2027

60,946

135,000

6.500%, 

7/15/2028

135,579

Southwestern

Energy

Company

135,000

5.375%, 

3/15/2030

129,932

135,000

4.750%, 

2/1/2032

124,275

Suncor

Energy,

Inc.

87,000

7.150%, 

2/1/2032

96,359

Sunoco,

LP/Sunoco

Finance

Corporation

305,000

5.875%, 

3/15/2028

302,082

Tallgrass

Energy

Partners

LP/

Tallgrass

Energy

Finance

Corporation

317,000

5.500%, 

1/15/2028

a

305,424

Talos

Production,

Inc.

49,000

9.000%, 

2/1/2029

a

52,036

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

61

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Energy

(2.9%)

-

continued

Targa

Resources

Partners,

LP

$

233,000

4.875%, 

2/1/2031

$

223,048

Teine

Energy,

Ltd.

190,000

6.875%, 

4/15/2029

a

184,773

TransCanada

Trust

313,000

5.875%, 

8/15/2076

c

304,121

Transocean,

Inc.

180,000

11.500%, 

1/30/2027

a

187,599

64,800

8.750%, 

2/15/2030

a

67,565

USA

Compression

Partners,

LP/

USA

Compression

Finance

Corporation

264,000

6.875%, 

4/1/2026

263,696

60,000

7.125%, 

3/15/2029

a

60,747

Valaris,

Ltd.

172,000

8.375%, 

4/30/2030

a

177,424

Venture

Global

Calcasieu

Pass,

LLC

273,000

3.875%, 

8/15/2029

a

245,740

65,000

6.250%, 

1/15/2030

a

65,394

160,000

4.125%, 

8/15/2031

a

142,272

Venture

Global

LNG,

Inc.

355,000

8.375%, 

6/1/2031

a

366,101

125,000

9.875%, 

2/1/2032

a

134,718

Weatherford

International,

Ltd.

144,000

8.625%, 

4/30/2030

a

150,332

Williams

Companies,

Inc.

164,000

4.900%, 

3/15/2029

162,914

98,000

2.600%, 

3/15/2031

83,498

Total

18,630,906

Financials

(8.8%)

Acrisure,

LLC/Acrisure

Finance,

Inc.

120,000

6.000%, 

8/1/2029

a

110,049

AerCap

Holdings

NV

220,000

5.875%, 

10/10/2079

c

218,423

AerCap

Ireland

Capital

DAC/

AerCap

Global

Aviation

Trust

150,000

6.500%, 

7/15/2025

151,446

150,000

5.750%, 

6/6/2028

152,002

254,000

3.000%, 

10/29/2028

229,824

Air

Lease

Corporation

114,000

2.300%, 

2/1/2025

110,708

180,000

4.650%, 

6/15/2026

c,i

169,955

98,000

3.125%, 

12/1/2030

86,017

Aircastle,

Ltd.

205,000

5.250%, 

6/15/2026

a,c,i

195,268

98,000

2.850%, 

1/26/2028

a

87,969

Alliant

Holdings

Intermediate,

LLC/

Alliant

Holdings

Co-Issuer,

Inc.

148,000

6.750%, 

10/15/2027

a

145,813

119,000

6.750%, 

4/15/2028

a

119,840

51,000

5.875%, 

11/1/2029

a

47,378

80,000

7.000%, 

1/15/2031

a

80,802

Ally

Financial,

Inc.

145,000

5.750%, 

11/20/2025

f

143,956

255,000

4.700%, 

5/15/2026

c,i

218,621

98,000

8.000%, 

11/1/2031

109,161

50,000

6.700%, 

2/14/2033

50,515

American

Express

Company

190,000

3.550%, 

9/15/2026

c,i

175,865

178,000

6.338%, 

10/30/2026

c

180,349

222,000

2.550%, 

3/4/2027

207,340

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Financials

(8.8%)

-

continued

American

Homes

4

Rent,

LP

$

97,000

2.375%, 

7/15/2031

$

78,786

American

International

Group,

Inc.

176,000

5.125%, 

3/27/2033

175,020

AmWINS

Group,

Inc.

65,000

6.375%, 

2/15/2029

a

65,351

192,000

4.875%, 

6/30/2029

a

179,209

Aon

North

America,

Inc.

176,000

5.750%, 

3/1/2054

180,436

Arbor

Realty

Trust,

Inc.,

Convertible

17,000

7.500%, 

8/1/2025

16,655

Ares

Capital

Corporation

57,000

4.250%, 

3/1/2025

56,065

191,000

2.150%, 

7/15/2026

175,878

108,000

5.875%, 

3/1/2029

107,677

Arthur

J.

Gallagher

&

Company

132,000

5.750%, 

7/15/2054

132,181

Assurant,

Inc.

128,000

6.100%, 

2/27/2026

128,427

Australia

&

New

Zealand

Banking

Group,

Ltd.

216,000

2.950%, 

7/22/2030

a,c

207,551

Aviation

Capital

Group,

LLC

96,000

4.875%, 

10/1/2025

a

94,222

Avolon

Holdings

Funding,

Ltd.

195,000

4.250%, 

4/15/2026

a

188,199

180,000

5.750%, 

3/1/2029

a

179,129

BAC

Capital

Trust

XIV

248,000

5.991%, 

(TSFR3M

+

0.662%),

4/17/2024

c,i

202,238

Banco

Santander

Mexico

SA

67,000

5.375%, 

4/17/2025

a

66,743

Banco

Santander

SA

82,000

4.750%, 

11/12/2026

c,i

71,316

Bank

of

America

Corporation

244,000

4.200%, 

8/26/2024

242,532

475,000

6.250%, 

9/5/2024

c,i

475,541

240,000

6.100%, 

3/17/2025

c,i

240,663

279,000

1.319%, 

6/19/2026

c

265,206

225,000

6.125%, 

4/27/2027

c,i

225,614

145,000

1.734%, 

7/22/2027

c

133,683

186,000

4.376%, 

4/27/2028

c

181,572

294,000

3.593%, 

7/21/2028

c

279,441

127,000

4.948%, 

7/22/2028

c

126,031

145,000

5.819%, 

9/15/2029

c

148,674

392,000

3.974%, 

2/7/2030

c

371,476

328,000

2.687%, 

4/22/2032

c

277,636

144,000

2.572%, 

10/20/2032

c

119,466

179,000

2.972%, 

2/4/2033

c

152,229

134,000

5.468%, 

1/23/2035

c

134,873

92,000

3.846%, 

3/8/2037

c

81,334

Bank

of

Montreal

167,000

5.266%, 

12/11/2026

167,739

130,000

5.203%, 

2/1/2028

130,963

92,000

3.088%, 

1/10/2037

c

75,161

Bank

of

New

York

Mellon

Corporation

95,000

6.317%, 

10/25/2029

c

100,247

127,000

4.596%, 

7/26/2030

c

124,660

91,000

6.474%, 

10/25/2034

c

99,097

Bank

of

Nova

Scotia

110,000

4.900%, 

6/4/2025

c,i

108,243

98,000

1.050%, 

3/2/2026

90,632

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

62

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Financials

(8.8%)

-

continued

Barclays

plc

$

134,000

2.852%, 

5/7/2026

c

$

129,886

85,000

5.501%, 

8/9/2028

c

84,755

145,000

4.972%, 

5/16/2029

c

142,103

110,000

6.224%, 

5/9/2034

c

113,454

88,000

7.119%, 

6/27/2034

c

93,785

Berkshire

Hathaway

Finance

Corporation

279,000

2.875%, 

3/15/2032

246,643

BlackRock

Funding,

Inc.

88,000

5.250%, 

3/14/2054

88,435

Blackstone

Mortgage

Trust,

Inc.,

Convertible

97,000

5.500%, 

3/15/2027

87,057

Blue

Owl

Capital

Corporation

II

86,000

8.450%, 

11/15/2026

a

88,579

Blue

Owl

Credit

Income

Corporation

136,000

4.700%, 

2/8/2027

129,019

Blue

Owl

Technology

Finance

Corporation

48,000

4.750%, 

12/15/2025

a

46,155

147,000

3.750%, 

6/17/2026

a

136,125

Blue

Owl

Technology

Finance

Corporation

II

44,000

6.750%, 

4/4/2029

a,e

43,454

BNP

Paribas

SA

141,000

2.819%, 

11/19/2025

a,c

138,279

122,000

3.132%, 

1/20/2033

a,c

103,826

BPCE

SA

114,000

2.375%, 

1/14/2025

a

110,989

Bread

Financial

Holdings,

Inc.

97,000

9.750%, 

3/15/2029

a

100,946

Bread

Financial

Holdings,

Inc.,

Convertible

146,000

4.250%, 

6/15/2028

a,f

169,448

Brixmor

Operating

Partnership,

LP

159,000

2.250%, 

4/1/2028

141,188

Brookfield

Property

REIT,

Inc./BPR

Cumulus,

LLC/BPR

Nimbus,

LLC/GGSI

Sellco,

LLC

55,000

4.500%, 

4/1/2027

a

50,201

Burford

Capital

Global

Finance,

LLC

271,000

9.250%, 

7/1/2031

a

286,822

Camden

Property

Trust

84,000

4.900%, 

1/15/2034

81,740

Canadian

Imperial

Bank

of

Commerce

127,000

3.945%, 

8/4/2025

124,728

80,000

5.926%, 

10/2/2026

81,534

Capital

One

Financial

Corporation

110,000

3.950%, 

9/1/2026

c,i

97,710

135,000

3.273%, 

3/1/2030

c

121,615

Capital

One

NA

171,000

2.280%, 

1/28/2026

c

165,590

Castlelake

Aviation

Finance

DAC

126,000

5.000%, 

4/15/2027

a

121,357

Centene

Corporation

361,000

3.000%, 

10/15/2030

309,520

Charles

Schwab

Corporation

440,000

5.375%, 

6/1/2025

c,i

436,955

169,000

0.900%, 

3/11/2026

155,740

340,000

4.000%, 

6/1/2026

c,i

318,095

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Financials

(8.8%)

-

continued

$

84,000

5.875%, 

8/24/2026

$

85,400

126,000

2.000%, 

3/20/2028

112,918

87,000

6.136%, 

8/24/2034

c

90,758

Citigroup,

Inc.

101,000

5.000%, 

9/12/2024

c,i

100,376

141,000

3.352%, 

4/24/2025

c

140,766

274,000

5.500%, 

9/13/2025

273,875

360,000

3.875%, 

2/18/2026

c,i

339,758

125,000

4.150%, 

11/15/2026

c,i

115,142

338,000

1.122%, 

1/28/2027

c

312,605

194,000

1.462%, 

6/9/2027

c

178,195

172,000

3.070%, 

2/24/2028

c

161,787

90,000

7.375%, 

5/15/2028

c,f,i

93,579

175,000

7.625%, 

11/15/2028

c,i

183,727

391,000

4.075%, 

4/23/2029

c

374,339

87,000

6.174%, 

5/25/2034

c

88,348

Citizens

Financial

Group,

Inc.

205,000

4.000%, 

10/6/2026

c,i

176,485

CNA

Financial

Corporation

126,000

3.950%, 

5/15/2024

125,730

176,000

5.125%, 

2/15/2034

171,238

Coinbase

Global,

Inc.,

Convertible

534,000

0.500%, 

6/1/2026

584,350

Comerica,

Inc.

120,000

5.625%, 

7/1/2025

c,i

115,365

48,000

5.982%, 

1/30/2030

c

47,423

Commonwealth

Bank

of

Australia

117,000

2.688%, 

3/11/2031

a

97,312

Cooperatieve

Rabobank

UA

111,000

1.339%, 

6/24/2026

a,c

105,423

COPT

Defense

Properties,

LP

192,000

2.250%, 

3/15/2026

180,527

COPT

Defense

Properties,

LP,

Convertible

86,000

5.250%, 

9/15/2028

a

89,268

Corebridge

Financial,

Inc.

136,000

6.875%, 

12/15/2052

c

136,163

87,000

6.050%, 

9/15/2033

a

89,620

100,000

5.750%, 

1/15/2034

102,019

Credit

Acceptance

Corporation

226,000

9.250%, 

12/15/2028

a

243,081

Credit

Agricole

SA

196,000

8.125%, 

12/23/2025

a,c,i

199,920

98,000

3.250%, 

1/14/2030

a

86,987

Credit

Suisse

Group

AG

110,000

7.250%, 

9/12/2025

a,c,i,j

12,100

110,000

7.500%, 

12/11/2028

*,c,i,j

12,100

Dai-ichi

Life

Insurance

Company,

Ltd.

243,000

5.100%, 

10/28/2024

a,c,i

240,793

Deutsche

Bank

AG/New

York,

NY

332,000

2.129%, 

11/24/2026

c

313,080

150,000

2.311%, 

11/16/2027

c

137,139

124,000

6.819%, 

11/20/2029

c

129,630

136,000

3.742%, 

1/7/2033

c

112,337

Discover

Bank

196,000

5.974%, 

(USISOA05

+

1.730%),

8/9/2028

c

194,975

Discover

Financial

Services

46,000

6.700%, 

11/29/2032

48,624

Diversified

Healthcare

Trust

93,000

Zero

Coupon, 

1/15/2026

a

78,951

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

63

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Financials

(8.8%)

-

continued

Drawbridge

Special

Opportunities

Fund,

LP

$

410,000

3.875%, 

2/15/2026

a

$

383,316

Elevance

Health,

Inc.

133,000

5.350%, 

10/15/2025

133,070

257,000

2.550%, 

3/15/2031

219,565

Enact

Holdings,

Inc.

149,000

6.500%, 

8/15/2025

a

148,970

Encore

Capital

Group,

Inc.,

Convertible

182,000

4.000%, 

3/15/2029

170,170

Extra

Space

Storage,

LP

84,000

5.900%, 

1/15/2031

86,906

96,000

2.400%, 

10/15/2031

78,982

Fairfax

Financial

Holdings,

Ltd.

132,000

6.350%, 

3/22/2054

a

134,654

Federal

Realty

OP,

LP,

Convertible

218,000

3.250%, 

1/15/2029

a

211,569

Fifth

Third

Bancorp

240,000

4.500%, 

9/30/2025

c,i

231,165

86,000

4.772%, 

7/28/2030

c

82,790

Fifth

Third

Bank

NA

237,000

3.850%, 

3/15/2026

228,237

First

Horizon

Bank

146,000

5.750%, 

5/1/2030

f

138,146

FirstCash,

Inc.

158,000

5.625%, 

1/1/2030

a

150,142

Five

Corners

Funding

Trust

III

100,000

5.791%, 

2/15/2033

a

103,096

Fortress

Transportation

and

Infrastructure

Investors,

LLC

219,000

6.500%, 

10/1/2025

a

218,672

98,000

9.750%, 

8/1/2027

a

101,473

15,000

5.500%, 

5/1/2028

a

14,534

Freedom

Mortgage

Corporation

79,000

7.625%, 

5/1/2026

a

78,877

64,000

12.000%, 

10/1/2028

a

69,760

Freedom

Mortgage

Holdings,

LLC

65,000

9.250%, 

2/1/2029

a

66,524

FS

KKR

Capital

Corporation

96,000

3.400%, 

1/15/2026

91,101

97,000

2.625%, 

1/15/2027

f

87,994

GGAM

Finance,

Ltd.

81,000

8.000%, 

6/15/2028

a

84,591

65,000

6.875%, 

4/15/2029

a

65,244

Global

Net

Lease,

Inc./Global

Net

Lease

Operating

Partnership,

LP

239,000

3.750%, 

12/15/2027

a

204,509

goeasy,

Ltd.

128,000

9.250%, 

12/1/2028

a

136,474

Goldman

Sachs

BDC,

Inc.

80,000

6.375%, 

3/11/2027

80,596

Goldman

Sachs

Group,

Inc.

183,000

5.500%, 

8/10/2024

c,i

181,435

111,000

3.500%, 

4/1/2025

108,899

167,000

4.250%, 

10/21/2025

163,861

166,000

0.855%, 

2/12/2026

c

159,007

124,000

3.650%, 

8/10/2026

c,i

113,257

188,000

4.125%, 

11/10/2026

c,i

174,498

173,000

1.948%, 

10/21/2027

c

159,025

92,000

2.640%, 

2/24/2028

c

85,687

185,000

4.482%, 

8/23/2028

c

180,862

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Financials

(8.8%)

-

continued

$

196,000

3.814%, 

4/23/2029

c

$

185,802

98,000

3.800%, 

3/15/2030

91,777

98,000

2.615%, 

4/22/2032

c

82,247

97,000

2.383%, 

7/21/2032

c

79,575

Hartford

Financial

Services

Group,

Inc.

98,000

2.800%, 

8/19/2029

87,934

HAT

Holdings

I,

LLC/HAT

Holdings

II,

LLC,

Convertible

20,000

Zero

Coupon, 

5/1/2025

a

20,426

237,000

3.750%, 

8/15/2028

a

279,376

HSBC

Holdings

plc

110,000

6.375%, 

3/30/2025

c,i

109,221

141,000

2.633%, 

11/7/2025

c

138,232

133,000

1.589%, 

5/24/2027

c

122,383

200,000

2.251%, 

11/22/2027

c

184,327

273,000

4.583%, 

6/19/2029

c

264,923

35,000

4.600%, 

12/17/2030

c,i

29,609

117,000

2.804%, 

5/24/2032

c

98,150

HUB

International,

Ltd.

293,000

5.625%, 

12/1/2029

a

274,724

80,000

7.375%, 

1/31/2032

a

80,539

Huntington

Bancshares,

Inc./OH

260,000

4.450%, 

10/15/2027

c,i

235,611

214,000

5.709%, 

2/2/2035

c

213,384

Icahn

Enterprises,

LP/Icahn

Enterprises

Finance

Corporation

112,000

6.375%, 

12/15/2025

111,093

125,000

6.250%, 

5/15/2026

120,666

179,000

5.250%, 

5/15/2027

161,770

ING

Groep

NV

200,000

1.726%, 

4/1/2027

c

185,633

100,000

6.083%, 

9/11/2027

c

101,235

Intercontinental

Exchange,

Inc.

137,000

4.350%, 

6/15/2029

133,370

Intesa

Sanpaolo

SPA

97,000

4.198%, 

6/1/2032

a,c

81,096

Invitation

Homes

Operating

Partnership,

LP

145,000

2.000%, 

8/15/2031

115,216

J.P.

Morgan

Chase

&

Company

75,000

8.868%, 

(TSFR3M

+

3.562%),

5/1/2024

c,i

74,871

347,000

5.000%, 

8/1/2024

c,i

345,867

136,000

4.600%, 

2/1/2025

c,i

133,703

111,000

2.083%, 

4/22/2026

c

106,955

190,000

3.650%, 

6/1/2026

c,i

180,450

277,000

1.045%, 

11/19/2026

c

258,273

195,000

1.578%, 

4/22/2027

c

180,787

178,000

2.947%, 

2/24/2028

c

167,247

294,000

4.005%, 

4/23/2029

c

281,805

97,000

2.069%, 

6/1/2029

c

86,044

392,000

4.493%, 

3/24/2031

c

378,988

92,000

2.963%, 

1/25/2033

c

78,552

83,000

4.912%, 

7/25/2033

c

81,269

94,000

5.717%, 

9/14/2033

c

95,876

83,000

5.350%, 

6/1/2034

c

83,320

98,000

6.254%, 

10/23/2034

c

104,702

44,000

5.336%, 

1/23/2035

c

44,172

J.P.

Morgan

Chase

Bank

NA

250,000

5.110%, 

12/8/2026

250,718

Jefferies

Finance,

LLC/JFIN

Co-

Issuer

Corporation

78,000

5.000%, 

8/15/2028

a

71,728

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

64

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Financials

(8.8%)

-

continued

Jefferson

Capital

Holdings,

LLC

$

65,000

6.000%, 

8/15/2026

a

$

63,780

162,000

9.500%, 

2/15/2029

a

165,829

KeyBank

NA/Cleveland,

OH

147,000

3.900%, 

4/13/2029

131,992

166,000

5.000%, 

1/26/2033

153,872

Kilroy

Realty,

LP

127,000

4.250%, 

8/15/2029

116,556

63,000

6.250%, 

1/15/2036

61,539

Kite

Realty

Group,

LP

44,000

5.500%, 

3/1/2034

43,722

Ladder

Capital

Finance

Holdings,

LLLP/Ladder

Capital

Finance

Corporation

81,000

4.250%, 

2/1/2027

a

75,782

136,000

4.750%, 

6/15/2029

a

123,628

LD

Holdings

Group,

LLC

59,000

6.125%, 

4/1/2028

a

48,894

Lincoln

National

Corporation

235,000

7.938%, 

(TSFR3M

+

2.619%),

5/17/2024

c

188,048

Lloyds

Banking

Group

plc

310,000

1.627%, 

5/11/2027

c

285,411

M&T

Bank

Corporation

290,000

3.500%, 

9/1/2026

c,i

222,433

Macquarie

Airfinance

Holdings,

Ltd.

196,000

6.400%, 

3/26/2029

a

199,101

Macquarie

Group,

Ltd.

195,000

1.629%, 

9/23/2027

a,c

176,932

Manufacturers

&

Traders

Trust

Company

177,000

4.700%, 

1/27/2028

170,540

Marsh

&

McLennan

Companies,

Inc.

88,000

2.375%, 

12/15/2031

73,386

MetLife,

Inc.

240,000

3.850%, 

9/15/2025

c,i

230,689

130,000

5.875%, 

3/15/2028

c,i

129,606

182,000

6.400%, 

12/15/2036

186,361

Metropolitan

Life

Global

Funding

I

159,000

2.950%, 

4/9/2030

a

141,049

Mid-America

Apartments,

LP

196,000

4.200%, 

6/15/2028

190,959

Mitsubishi

UFJ

Financial

Group,

Inc.

134,000

1.412%, 

7/17/2025

127,435

200,000

1.538%, 

7/20/2027

c

184,205

Mizuho

Financial

Group,

Inc.

200,000

1.554%, 

7/9/2027

c

183,877

200,000

2.564%, 

9/13/2031

163,722

88,000

5.748%, 

7/6/2034

c

90,874

Molina

Healthcare,

Inc.

200,000

4.375%, 

6/15/2028

a

188,006

Morgan

Stanley

114,000

2.720%, 

7/22/2025

c

112,849

192,000

1.164%, 

10/21/2025

c

186,949

78,000

5.000%, 

11/24/2025

77,518

226,000

2.188%, 

4/28/2026

c

218,034

148,000

6.138%, 

10/16/2026

c

149,693

196,000

1.593%, 

5/4/2027

c

181,299

193,000

1.512%, 

7/20/2027

c

177,136

65,000

5.123%, 

2/1/2029

c

64,842

294,000

3.622%, 

4/1/2031

c

269,634

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Financials

(8.8%)

-

continued

$

92,000

2.943%, 

1/21/2033

c

$

78,193

85,000

4.889%, 

7/20/2033

c

82,440

88,000

5.250%, 

4/21/2034

c

87,312

102,000

5.424%, 

7/21/2034

c

102,316

185,000

2.484%, 

9/16/2036

c

146,314

MPT

Operating

Partnership,

LP/

MPT

Finance

Corporation

216,000

5.250%, 

8/1/2026

f

197,732

2,000

4.625%, 

8/1/2029

1,535

Nasdaq,

Inc.

80,000

5.350%, 

6/28/2028

81,032

Nationstar

Mortgage

Holdings,

Inc.

198,000

6.000%, 

1/15/2027

a

195,191

NatWest

Group

plc

98,000

4.892%, 

5/18/2029

c

95,921

146,000

3.754%, 

11/1/2029

c

143,521

225,000

6.475%, 

6/1/2034

c

228,710

Necessity

Retail

REIT,

Inc./

American

Finance

Operating

Partner,

LP

94,000

4.500%, 

9/30/2028

a

80,452

New

York

Life

Global

Funding

83,000

4.550%, 

1/28/2033

a

80,068

89,000

5.000%, 

1/9/2034

a

88,050

Nippon

Life

Insurance

Company

480,000

5.100%, 

10/16/2044

a,c

476,766

NNN

REIT,

Inc.

98,000

2.500%, 

4/15/2030

83,862

Nomura

Holdings,

Inc.

145,000

2.172%, 

7/14/2028

127,590

Northern

Trust

Corporation

138,000

4.000%, 

5/10/2027

134,445

Office

Properties

Income

Trust

84,000

2.650%, 

6/15/2026

48,532

Omega

Healthcare

Investors,

Inc.

95,000

4.750%, 

1/15/2028

91,717

98,000

3.375%, 

2/1/2031

83,649

OneMain

Finance

Corporation

263,000

3.500%, 

1/15/2027

244,143

70,000

3.875%, 

9/15/2028

62,445

Osaic

Holdings,

Inc.

47,000

10.750%, 

8/1/2027

a

48,593

Panther

Escrow

Issuer,

LLC

226,000

7.125%, 

6/1/2031

a,e

229,776

Park

Intermediate

Holdings,

LLC

309,000

4.875%, 

5/15/2029

a

287,346

Pebblebrook

Hotel

Trust,

Convertible

502,000

1.750%, 

12/15/2026

450,244

Pine

Street

Trust

I

98,000

4.572%, 

2/15/2029

a

93,141

PNC

Bank

NA

98,000

2.700%, 

10/22/2029

85,088

PNC

Financial

Services

Group,

Inc.

179,000

5.671%, 

10/28/2025

c

178,967

180,000

3.400%, 

9/15/2026

c,i

157,327

131,000

6.200%, 

9/15/2027

c,i

130,659

77,000

5.582%, 

6/12/2029

c

77,938

180,000

6.250%, 

3/15/2030

c,i

174,451

87,000

6.875%, 

10/20/2034

c

95,268

PRA

Group,

Inc.

40,000

7.375%, 

9/1/2025

a

39,929

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

65

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Financials

(8.8%)

-

continued

$

243,000

8.375%, 

2/1/2028

a

$

241,834

Principal

Life

Global

Funding

II

146,000

1.250%, 

8/16/2026

a

132,629

Prologis

Targeted

US

Logistics

Fund,

LP

128,000

5.250%, 

4/1/2029

a

127,633

Prologis,

LP

107,000

5.250%, 

3/15/2054

105,083

66,000

3.375%, 

12/15/2027

62,634

Provident

Financing

Trust

I

112,000

7.405%, 

3/15/2038

123,054

Prudential

Financial,

Inc.

90,000

5.125%, 

3/1/2052

c

84,361

138,000

6.750%, 

3/1/2053

c

143,545

309,000

6.500%, 

3/15/2054

c

313,272

120,000

3.700%, 

10/1/2050

c

104,891

Public

Storage

Operating

Company

93,000

5.100%, 

8/1/2033

93,404

QBE

Insurance

Group,

Ltd.

100,000

5.875%, 

5/12/2025

a,c,f,i

98,987

Quicken

Loans,

LLC

156,000

3.875%, 

3/1/2031

a

135,907

Realty

Income

Corporation

96,000

4.875%, 

6/1/2026

95,415

163,000

3.200%, 

1/15/2027

154,108

112,000

3.950%, 

8/15/2027

108,544

Redwood

Trust,

Inc.,

Convertible

27,000

7.750%, 

6/15/2027

25,852

Regency

Centers,

LP

135,000

5.250%, 

1/15/2034

134,486

Regions

Financial

Corporation

85,000

2.250%, 

5/18/2025

81,725

145,000

5.750%, 

6/15/2025

c,i

142,843

Reinsurance

Group

of

America,

Inc.

87,000

6.000%, 

9/15/2033

90,220

RGA

Global

Funding

83,000

5.500%, 

1/11/2031

a

83,228

RHP

Hotel

Properties,

LP/RHP

Finance

Corporation

155,000

7.250%, 

7/15/2028

a

159,621

RLJ

Lodging

Trust,

LP

97,000

3.750%, 

7/1/2026

a

92,374

217,000

4.000%, 

9/15/2029

a

191,290

Rocket

Mortgage,

LLC/Rocket

Mortgage

Co-Issuer,

Inc.

240,000

3.625%, 

3/1/2029

a

215,891

Santander

Holdings

USA,

Inc.

196,000

3.450%, 

6/2/2025

190,524

90,000

2.490%, 

1/6/2028

c

81,793

Santander

UK

Group

Holdings

plc

200,000

1.673%, 

6/14/2027

c

182,955

Service

Properties

Trust

72,000

7.500%, 

9/15/2025

72,971

39,000

5.250%, 

2/15/2026

37,728

88,000

8.625%, 

11/15/2031

a

93,846

Simon

Property

Group,

LP

159,000

2.650%, 

7/15/2030

138,857

87,000

6.250%, 

1/15/2034

93,033

SLM

Corporation

100,000

4.200%, 

10/29/2025

97,584

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Financials

(8.8%)

-

continued

Societe

Generale

SA

$

141,000

2.625%, 

10/16/2024

a

$

138,575

133,000

1.488%, 

12/14/2026

a,c

123,556

200,000

8.500%, 

3/25/2034

a,c,i

199,000

Standard

Chartered

plc

105,000

6.000%, 

7/26/2025

a,c,i

103,549

131,000

2.608%, 

1/12/2028

a,c

120,734

Starwood

Property

Trust,

Inc.,

Convertible

201,000

6.750%, 

7/15/2027

213,060

State

Street

Corporation

78,000

5.272%, 

8/3/2026

78,421

88,000

6.700%, 

3/15/2029

c,i

89,296

91,000

4.421%, 

5/13/2033

c

86,895

Sumitomo

Life

Insurance

Company

265,000

3.375%, 

4/15/2081

a,c

229,305

Sumitomo

Mitsui

Financial

Group,

Inc.

131,000

2.174%, 

1/14/2027

121,318

200,000

5.716%, 

9/14/2028

205,635

147,000

2.142%, 

9/23/2030

121,759

132,000

5.766%, 

1/13/2033

137,540

Sumitomo

Mitsui

Trust

Bank,

Ltd.

111,000

1.050%, 

9/12/2025

a

104,399

Summit

Hotel

Properties,

Inc.,

Convertible

203,000

1.500%, 

2/15/2026

180,771

Synchrony

Financial

115,000

4.250%, 

8/15/2024

114,258

82,000

7.250%, 

2/2/2033

81,410

Synovus

Bank

87,000

5.625%, 

2/15/2028

84,486

Toronto-Dominion

Bank

125,000

8.125%, 

10/31/2082

c

131,107

87,000

5.156%, 

1/10/2028

87,558

124,000

5.523%, 

7/17/2028

126,638

91,000

4.456%, 

6/8/2032

f

87,149

Truist

Bank

99,000

2.250%, 

3/11/2030

82,392

Truist

Financial

Corporation

160,000

6.047%, 

6/8/2027

c

162,160

80,000

1.887%, 

6/7/2029

c

69,442

315,000

5.100%, 

3/1/2030

c,i

293,025

129,000

5.711%, 

1/24/2035

c

129,557

U.S.

Bancorp

136,000

5.727%, 

10/21/2026

c

136,736

127,000

4.548%, 

7/22/2028

c

124,471

42,000

5.836%, 

6/12/2034

c

42,809

125,000

5.678%, 

1/23/2035

c

126,216

UBS

Group

AG

117,000

2.593%, 

9/11/2025

a,c

115,337

169,000

2.193%, 

6/5/2026

a,c

162,027

200,000

4.875%, 

2/12/2027

a,c,i

183,643

200,000

6.327%, 

12/22/2027

a,c

204,310

191,000

3.869%, 

1/12/2029

a,c

180,616

UDR,

Inc.

193,000

3.000%, 

8/15/2031

167,529

United

Wholesale

Mortgage,

LLC

61,000

5.500%, 

11/15/2025

a

60,450

156,000

5.500%, 

4/15/2029

a

147,545

UnitedHealth

Group,

Inc.

264,000

5.375%, 

4/15/2054

268,502

185,000

4.200%, 

5/15/2032

175,815

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

66

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Financials

(8.8%)

-

continued

USB

Realty

Corporation

$

146,000

6.723%, 

(TSFR3M

+

1.409%),

1/15/2027

a,c,i

$

112,368

Ventas

Realty,

LP

110,000

3.750%, 

5/1/2024

109,811

Ventas

Realty,

LP,

Convertible

255,000

3.750%, 

6/1/2026

a

254,490

Vornado

Realty,

LP

58,000

3.400%, 

6/1/2031

45,902

Wells

Fargo

&

Company

233,000

2.406%, 

10/30/2025

c

228,562

335,000

3.900%, 

3/15/2026

c,i

318,728

169,000

2.188%, 

4/30/2026

c

162,752

220,000

6.076%, 

(TSFR3M

+

0.762%),

1/15/2027

c

214,334

89,000

3.526%, 

3/24/2028

c

84,709

196,000

3.584%, 

5/22/2028

c

186,340

127,000

4.808%, 

7/25/2028

c

125,135

180,000

7.625%, 

9/15/2028

c,i

192,367

196,000

4.478%, 

4/4/2031

c

187,673

62,000

5.389%, 

4/24/2034

c

61,614

88,000

5.557%, 

7/25/2034

c

88,340

101,000

6.491%, 

10/23/2034

c

108,330

357,000

5.499%, 

1/23/2035

c

357,840

Wells

Fargo

Bank

NA

161,000

4.811%, 

1/15/2026

160,173

Welltower

OP,

LLC,

Convertible

383,000

2.750%, 

5/15/2028

a

426,317

Westpac

Banking

Corporation

147,000

4.110%, 

7/24/2034

c

135,778

Willis

North

America,

Inc.

88,000

5.900%, 

3/5/2054

89,086

196,000

4.500%, 

9/15/2028

190,965

XHR,

LP

97,000

6.375%, 

8/15/2025

a

97,123

109,000

4.875%, 

6/1/2029

a

100,920

Total

57,215,972

Foreign

Government

(<0.1%)

NBN

Company,

Ltd.

171,000

2.625%, 

5/5/2031

a

145,457

Total

145,457

Mortgage-Backed

Securities

(21.6%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

338,221

2.000%, 

1/1/2052

270,964

5,654,538

2.500%, 

5/1/2051

4,722,758

3,913,687

3.500%, 

5/1/2052

3,504,460

2,581,736

4.000%, 

5/1/2052

2,410,355

6,247,137

3.500%, 

6/1/2052

5,597,862

4,908,196

5.000%, 

7/1/2053

4,820,204

6,146,804

5.500%, 

7/1/2053

6,160,575

336,394

5.000%, 

8/1/2053

331,414

1,167,080

5.500%, 

9/1/2053

1,172,151

Federal

Home

Loan

Mortgage

Corporation

Gold

15-Yr.

Pass

Through

2,889,458

2.500%, 

7/1/2030

2,716,113

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Mortgage-Backed

Securities

(21.6%)

-

continued

Federal

National

Mortgage

Association

Conventional

15-Yr.

Pass

Through

$

2,500,000

4.500%, 

4/1/2039

e

$

2,461,218

Federal

National

Mortgage

Association

Conventional

20-Yr.

Pass

Through

3,076,074

3.500%, 

5/1/2040

2,878,680

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

6,259,101

3.000%, 

1/1/2052

5,428,949

796,182

2.000%, 

2/1/2051

638,048

484,441

2.000%, 

2/1/2051

388,223

3,576,004

2.500%, 

2/1/2051

2,958,079

2,978,281

2.500%, 

2/1/2051

2,485,973

6,893,753

2.000%, 

3/1/2051

5,476,321

4,043,243

4.000%, 

3/1/2051

3,814,686

6,596,016

3.000%, 

3/1/2052

5,692,577

232,761

5.000%, 

3/1/2053

227,147

5,405,375

2.000%, 

4/1/2051

4,302,502

3,830,648

3.000%, 

4/1/2051

3,313,983

3,985,085

3.000%, 

5/1/2050

3,467,729

940,043

2.000%, 

5/1/2051

749,706

2,284,317

3.000%, 

5/1/2051

2,005,644

2,451,335

3.000%, 

6/1/2050

2,164,024

1,110,175

4.000%, 

6/1/2052

1,029,686

3,011,874

5.000%, 

6/1/2053

2,964,340

5,272,108

2.500%, 

7/1/2051

4,418,610

2,643,100

3.500%, 

7/1/2051

2,401,779

3,196,311

4.000%, 

7/1/2052

2,964,752

1,142,508

2.500%, 

8/1/2050

964,689

4,885,891

3.500%, 

8/1/2050

4,450,608

2,826,469

4.500%, 

8/1/2052

2,702,327

459,043

5.000%, 

8/1/2053

451,798

3,483,488

3.500%, 

9/1/2052

3,135,453

1,345,328

3.500%, 

9/1/2052

e

1,210,917

407,699

5.000%, 

9/1/2052

398,769

2,929,010

4.500%, 

9/1/2053

2,793,540

812,137

4.500%, 

9/1/2053

778,492

4,287,037

4.000%, 

10/1/2052

3,984,896

906,704

2.000%, 

11/1/2051

724,074

3,750,187

2.000%, 

12/1/2050

3,000,742

12,456,402

4.500%, 

12/1/2052

11,949,467

200,000

5.500%, 

4/1/2042

e

199,007

200,000

4.500%, 

4/1/2049

e

190,445

Federal

National

Mortgage

Association

Conventional

40-Yr.

Pass

Through

5,939,119

2.500%, 

3/1/2062

4,753,430

2,296,061

3.500%, 

7/1/2061

2,015,069

2,210,473

4.000%, 

12/1/2061

2,022,211

Total

139,665,446

Technology

(2.5%)

Advanced

Micro

Devices,

Inc.

90,000

3.924%, 

6/1/2032

84,642

Akamai

Technologies,

Inc.,

Convertible

84,000

0.125%, 

5/1/2025

99,078

341,000

0.375%, 

9/1/2027

358,902

144,000

1.125%, 

2/15/2029

a

147,672

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

67

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Technology

(2.5%)

-

continued

Analog

Devices,

Inc.

$

48,000

2.100%, 

10/1/2031

$

39,807

Apple,

Inc.

183,000

1.650%, 

2/8/2031

151,971

444,000

3.750%, 

9/12/2047

366,051

AthenaHealth

Group,

Inc.

277,000

6.500%, 

2/15/2030

a,f

253,349

Block,

Inc.,

Convertible

91,000

0.125%, 

3/1/2025

93,047

496,000

0.250%, 

11/1/2027

413,416

Broadcom

Corporation/Broadcom

Cayman

Finance,

Ltd.

147,000

3.875%, 

1/15/2027

142,506

Broadcom,

Inc.

89,000

4.000%, 

4/15/2029

a

84,780

Cisco

Systems,

Inc.

176,000

5.350%, 

2/26/2064

180,375

Cloud

Software

Group,

Inc.

422,000

6.500%, 

3/31/2029

a

400,462

156,000

9.000%, 

9/30/2029

a

149,622

CommScope,

Inc.

130,000

7.125%, 

7/1/2028

a

51,424

Consensus

Cloud

Solutions,

Inc.

40,000

6.000%, 

10/15/2026

a

38,018

CoreLogic,

Inc.

48,000

4.500%, 

5/1/2028

a

43,040

CSG

Systems

International,

Inc.,

Convertible

244,000

3.875%, 

9/15/2028

a

240,120

Dayforce,

Inc.,

Convertible

122,000

0.250%, 

3/15/2026

111,630

Dell

International,

LLC/EMC

Corporation

62,000

5.300%, 

10/1/2029

62,761

Dell,

Inc.

118,000

6.500%, 

4/15/2038

126,414

Euronet

Worldwide,

Inc.,

Convertible

203,000

0.750%, 

3/15/2049

f

196,808

Fiserv,

Inc.

156,000

2.750%, 

7/1/2024

154,837

172,000

5.350%, 

3/15/2031

174,005

43,000

5.600%, 

3/2/2033

43,839

172,000

5.450%, 

3/15/2034

174,204

Gen

Digital,

Inc.

7,000

6.750%, 

9/30/2027

a

7,100

97,000

7.125%, 

9/30/2030

a

99,662

Global

Payments,

Inc.

106,000

5.950%, 

8/15/2052

105,748

52,000

2.650%, 

2/15/2025

50,659

137,000

4.950%, 

8/15/2027

135,905

98,000

3.200%, 

8/15/2029

88,047

Global

Payments,

Inc.,

Convertible

463,000

1.500%, 

3/1/2031

a

489,391

IBM

International

Capital

Private,

Ltd.

137,000

5.300%, 

2/5/2054

133,779

II-VI,

Inc.

83,000

5.000%, 

12/15/2029

a

78,173

Intel

Corporation

172,000

5.600%, 

2/21/2054

175,250

174,000

5.125%, 

2/10/2030

176,646

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Technology

(2.5%)

-

continued

InterDigital,

Inc.,

Convertible

$

381,000

3.500%, 

6/1/2027

$

546,219

Iron

Mountain,

Inc.

655,000

4.875%, 

9/15/2027

a

633,281

220,000

4.500%, 

2/15/2031

a

198,492

Jabil,

Inc.

88,000

5.450%, 

2/1/2029

88,443

Lumentum

Holdings,

Inc.,

Convertible

591,000

0.500%, 

6/15/2028

f

456,114

108,000

1.500%, 

12/15/2029

a

101,469

Marvell

Technology,

Inc.

98,000

2.950%, 

4/15/2031

84,664

Mastercard,

Inc.

90,000

2.000%, 

11/18/2031

74,385

McAfee

Corporation

81,000

7.375%, 

2/15/2030

a

74,281

Microchip

Technology,

Inc.

55,000

5.050%, 

3/15/2029

55,008

Microchip

Technology,

Inc.,

Convertible

453,000

0.125%, 

11/15/2024

f

480,633

Micron

Technology,

Inc.

101,000

5.300%, 

1/15/2031

101,584

Moody's

Corporation

94,000

4.250%, 

8/8/2032

89,431

NCR

Atleos

Corporation

65,000

9.500%, 

4/1/2029

a

69,525

NCR

Voyix

Corporation

293,000

5.125%, 

4/15/2029

a

271,744

Neptune

Bidco

US,

Inc.

164,000

9.290%, 

4/15/2029

a

155,074

Newfold

Digital

Holdings

Group,

Inc.

48,000

11.750%, 

10/15/2028

a

51,956

NXP

BV/NXP

Funding,

LLC/NXP

USA,

Inc.

56,000

2.700%, 

5/1/2025

54,342

98,000

4.300%, 

6/18/2029

94,432

ON

Semiconductor

Corporation,

Convertible

321,000

Zero

Coupon, 

5/1/2027

471,388

23,000

0.500%, 

3/1/2029

22,632

Open

Text

Corporation

199,000

3.875%, 

12/1/2029

a

177,309

200,000

4.125%, 

2/15/2030

a

179,175

Oracle

Corporation

312,000

6.900%, 

11/9/2052

359,004

93,000

6.150%, 

11/9/2029

98,016

245,000

2.950%, 

4/1/2030

218,013

133,000

6.250%, 

11/9/2032

142,302

PayPal

Holdings,

Inc.

97,000

2.850%, 

10/1/2029

87,718

113,000

2.300%, 

6/1/2030

97,466

Pitney

Bowes,

Inc.

40,000

6.875%, 

3/15/2027

a

36,525

Progress

Software

Corporation,

Convertible

114,000

1.000%, 

4/15/2026

117,990

PTC,

Inc.

160,000

3.625%, 

2/15/2025

a

156,659

145,000

4.000%, 

2/15/2028

a

135,512

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

68

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Technology

(2.5%)

-

continued

RingCentral,

Inc.

$

167,000

8.500%, 

8/15/2030

a

$

173,636

S&P

Global,

Inc.

90,000

2.900%, 

3/1/2032

78,433

Salesforce.com,

Inc.

249,000

1.950%, 

7/15/2031

206,698

Seagate

HDD

Cayman

104,000

8.500%, 

7/15/2031

a,f

112,389

184,000

9.625%, 

12/1/2032

209,631

Semtech

Corporation,

Convertible

184,000

1.625%, 

11/1/2027

180,890

44,000

4.000%, 

11/1/2028

a

66,976

Sensata

Technologies

BV

225,000

4.000%, 

4/15/2029

a

205,445

Sensata

Technologies,

Inc.

223,000

3.750%, 

2/15/2031

a

192,895

Shift4

Payments,

LLC/Shift4

Payments

Finance

Sub,

Inc.

100,000

4.625%, 

11/1/2026

a

96,685

SS&C

Technologies,

Inc.

229,000

5.500%, 

9/30/2027

a

223,906

Texas

Instruments,

Inc.

88,000

5.150%, 

2/8/2054

88,338

UKG,

Inc.

162,000

6.875%, 

2/1/2031

a

165,034

Verint

Systems,

Inc.,

Convertible

289,000

0.250%, 

4/15/2026

270,937

Viavi

Solutions,

Inc.

224,000

3.750%, 

10/1/2029

a

192,190

Viavi

Solutions,

Inc.,

Convertible

158,000

1.625%, 

3/15/2026

153,260

Vishay

Intertechnology,

Inc.,

Convertible

444,000

2.250%, 

9/15/2030

a

424,020

VMware,

LLC

194,000

1.400%, 

8/15/2026

177,172

123,000

2.200%, 

8/15/2031

100,096

Western

Digital

Corporation,

Convertible

486,000

3.000%, 

11/15/2028

a

712,233

Xerox

Holdings

Corporation

20,000

5.000%, 

8/15/2025

a

19,735

119,000

5.500%, 

8/15/2028

a

108,346

Xilinx,

Inc.

52,000

2.375%, 

6/1/2030

45,119

Ziff

Davis,

Inc.,

Convertible

351,000

1.750%, 

11/1/2026

332,116

Total

16,440,106

Transportation

(0.6%)

Air

Transport

Services

Group,

Inc.,

Convertible

221,000

3.875%, 

8/15/2029

a,f

182,830

American

Airlines

Group,

Inc.

67,000

3.750%, 

3/1/2025

a

65,140

American

Airlines,

Inc.

113,000

8.500%, 

5/15/2029

a

119,380

American

Airlines,

Inc./

AAdvantage

Loyalty

IP,

Ltd.

490,500

5.500%, 

4/20/2026

a

487,160

Avis

Budget

Car

Rental,

LLC/Avis

Budget

Finance,

Inc.

101,000

5.375%, 

3/1/2029

a,f

94,131

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Transportation

(0.6%)

-

continued

Canadian

Pacific

Railway

Company

$

185,000

1.750%, 

12/2/2026

$

169,924

Delta

Air

Lines,

Inc.

181,000

4.375%, 

4/19/2028

175,617

Delta

Air

Lines,

Inc./SkyMiles

IP,

Ltd.

129,906

4.500%, 

10/20/2025

a

128,584

ERAC

USA

Finance,

LLC

123,000

3.850%, 

11/15/2024

a

121,643

179,000

5.200%, 

10/30/2034

a

178,471

Hawaiian

Brand

Intellectual

Property,

Ltd.

128,000

5.750%, 

1/20/2026

a

120,122

Hertz

Corporation

90,000

4.625%, 

12/1/2026

a

81,679

99,000

5.000%, 

12/1/2029

a,f

76,504

Mileage

Plus

Holdings,

LLC

161,200

6.500%, 

6/20/2027

a

162,090

Norfolk

Southern

Corporation

136,000

4.450%, 

3/1/2033

130,469

Penske

Truck

Leasing

Company,

LP/PTL

Finance

Corporation

111,000

1.200%, 

11/15/2025

a

103,549

51,000

5.750%, 

5/24/2026

a

51,369

96,000

1.700%, 

6/15/2026

a

88,539

Rand

Parent,

LLC

202,000

8.500%, 

2/15/2030

a,f

200,033

RXO,

Inc.

233,000

7.500%, 

11/15/2027

a

239,116

Ryder

System,

Inc.

81,000

2.850%, 

3/1/2027

75,928

Southwest

Airlines

Company

100,000

5.125%, 

6/15/2027

99,803

Southwest

Airlines

Company,

Convertible

441,000

1.250%, 

5/1/2025

446,292

Spirit

Loyalty

Cayman,

Ltd.

57,000

8.000%, 

9/20/2025

a

43,270

Stena

International

SA

129,000

7.250%, 

1/15/2031

a

128,671

United

Airlines,

Inc.

219,000

4.375%, 

4/15/2026

a

211,716

VistaJet

Malta

Finance

plc/Vista

Management

Holding,

Inc.

52,000

7.875%, 

5/1/2027

a

43,962

243,000

6.375%, 

2/1/2030

a,f

179,121

Total

4,205,113

U.S.

Government

&

Agencies

(6.8%)

U.S.

Treasury

Bonds

14,100,000

3.625%, 

5/15/2053

12,388,172

7,400,000

4.750%, 

11/15/2053

7,899,500

U.S.

Treasury

Notes

2,800,000

5.000%, 

10/31/2025

2,807,875

10,000,000

4.250%, 

12/31/2025

9,917,578

9,200,000

4.125%, 

7/31/2028

9,142,500

1,704,000

3.375%, 

5/15/2033

1,596,302

Total

43,751,927

Utilities

(2.3%)

AEP

Texas,

Inc.

92,000

4.700%, 

5/15/2032

87,806

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

69

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Utilities

(2.3%)

-

continued

AES

Corporation

$

156,000

3.950%, 

7/15/2030

a

$

141,880

Algonquin

Power

&

Utilities

Corporation

110,000

4.750%, 

1/18/2082

c

96,971

Alliant

Energy

Corporation,

Convertible

174,000

3.875%, 

3/15/2026

171,129

Ameren

Corporation

98,000

1.750%, 

3/15/2028

86,522

American

Electric

Power

Company,

Inc.

84,000

5.200%, 

1/15/2029

84,197

98,000

2.300%, 

3/1/2030

83,375

44,000

5.625%, 

3/1/2033

44,671

American

Water

Capital

Corporation

129,000

5.450%, 

3/1/2054

130,100

American

Water

Capital

Corporation,

Convertible

203,000

3.625%, 

6/15/2026

a

198,230

Arizona

Public

Service

Company

87,000

5.550%, 

8/1/2033

87,979

Atmos

Energy

Corporation

86,000

5.900%, 

11/15/2033

91,229

Calpine

Corporation

191,000

4.500%, 

2/15/2028

a

181,158

CenterPoint

Energy,

Inc.

105,000

2.500%, 

9/1/2024

103,643

95,000

1.450%, 

6/1/2026

87,733

146,000

2.650%, 

6/1/2031

123,659

CenterPoint

Energy,

Inc.,

Convertible

328,000

4.250%, 

8/15/2026

a

324,884

CMS

Energy

Corporation,

Convertible

234,000

3.375%, 

5/1/2028

a

230,139

Constellation

Energy

Generation,

LLC

132,000

5.750%, 

3/15/2054

132,221

90,000

5.800%, 

3/1/2033

92,768

Dominion

Energy,

Inc.

110,000

3.071%, 

8/15/2024

108,812

165,000

4.350%, 

1/15/2027

c,i

154,467

98,000

3.375%, 

4/1/2030

89,062

DTE

Energy

Company

138,000

4.220%, 

11/1/2024

136,726

80,000

4.875%, 

6/1/2028

79,095

Duke

Energy

Carolinas,

LLC

272,000

5.400%, 

1/15/2054

270,689

Duke

Energy

Corporation

180,000

3.250%, 

1/15/2082

c

159,954

110,000

4.875%, 

9/16/2024

c,i

109,041

187,000

2.450%, 

6/1/2030

161,049

93,000

4.500%, 

8/15/2032

88,160

95,000

5.750%, 

9/15/2033

97,589

Duke

Energy

Corporation,

Convertible

545,000

4.125%, 

4/15/2026

a

538,460

Duke

Energy

Ohio,

Inc.

88,000

5.550%, 

3/15/2054

87,771

Edison

International

88,000

7.875%, 

6/15/2054

c

90,405

118,000

4.950%, 

4/15/2025

117,050

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Utilities

(2.3%)

-

continued

$

180,000

5.000%, 

12/15/2026

c,i

$

170,532

Enel

Finance

International

NV

200,000

1.375%, 

7/12/2026

a

182,953

Entergy

Corporation

111,000

0.900%, 

9/15/2025

104,045

97,000

1.900%, 

6/15/2028

85,600

Evergy,

Inc.

106,000

2.450%, 

9/15/2024

104,348

Evergy,

Inc.,

Convertible

342,000

4.500%, 

12/15/2027

a

347,643

Eversource

Energy

154,000

4.600%, 

7/1/2027

151,361

Exelon

Corporation

349,000

5.600%, 

3/15/2053

348,350

98,000

4.050%, 

4/15/2030

92,422

Fells

Point

Funding

Trust

165,000

3.046%, 

1/31/2027

a

154,806

FirstEnergy

Corporation,

Convertible

589,000

4.000%, 

5/1/2026

a

585,466

Georgia

Power

Company

54,000

4.950%, 

5/17/2033

53,243

ITC

Holdings

Corporation

93,000

4.950%, 

9/22/2027

a

92,333

Jersey

Central

Power

&

Light

Company

185,000

2.750%, 

3/1/2032

a

153,718

MidAmerican

Energy

Company

357,000

5.300%, 

2/1/2055

353,144

National

Rural

Utilities

Cooperative

Finance

Corporation

89,000

4.850%, 

2/7/2029

88,923

NextEra

Energy

Capital

Holdings,

Inc.

100,000

3.800%, 

3/15/2082

c

90,723

87,000

6.051%, 

3/1/2025

87,331

129,000

5.749%, 

9/1/2025

129,554

98,000

2.250%, 

6/1/2030

83,444

NextEra

Energy

Operating

Partners,

LP

296,000

3.875%, 

10/15/2026

a

276,054

NextEra

Energy

Partners,

LP,

Convertible

72,000

Zero

Coupon, 

6/15/2024

a

70,920

438,000

Zero

Coupon, 

11/15/2025

a,f

388,725

NiSource,

Inc.

98,000

2.950%, 

9/1/2029

88,507

Northern

States

Power

Company/

MN

88,000

5.400%, 

3/15/2054

88,618

NRG

Energy,

Inc.

111,000

2.000%, 

12/2/2025

a

104,177

128,000

10.250%, 

3/15/2028

a,c,i

137,307

73,000

3.375%, 

2/15/2029

a

64,855

135,000

5.250%, 

6/15/2029

a

129,062

NRG

Energy,

Inc.,

Convertible

392,000

2.750%, 

6/1/2048

648,564

Pacific

Gas

and

Electric

Company

88,000

6.750%, 

1/15/2053

95,855

172,000

5.550%, 

5/15/2029

173,502

176,000

6.950%, 

3/15/2034

192,678

PG&E

Corporation

268,000

5.000%, 

7/1/2028

258,101

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

70

Principal

Amount

Long-Term

Fixed

Income

(70.8%)

Value

Utilities

(2.3%)

-

continued

PG&E

Corporation,

Convertible

$

464,000

4.250%, 

12/1/2027

a

$

466,088

PPL

Capital

Funding,

Inc.,

Convertible

342,000

2.875%, 

3/15/2028

327,294

Public

Service

Enterprise

Group,

Inc.

87,000

5.875%, 

10/15/2028

89,578

98,000

1.600%, 

8/15/2030

79,116

San

Diego

Gas

&

Electric

Company

88,000

5.550%, 

4/15/2054

89,265

Sempra

240,000

4.875%, 

10/15/2025

c,i

234,827

Southern

California

Edison

Company

46,000

5.950%, 

11/1/2032

48,238

Southern

Company

92,000

4.475%, 

8/1/2024

91,542

112,000

5.700%, 

10/15/2032

115,454

111,000

4.000%, 

1/15/2051

c

106,711

317,000

3.750%, 

9/15/2051

c

296,332

Southern

Company,

Convertible

552,000

3.875%, 

12/15/2025

549,240

TerraForm

Power

Operating,

LLC

315,000

5.000%, 

1/31/2028

a

300,010

Virginia

Electric

and

Power

Company

119,000

5.350%, 

1/15/2054

116,646

Vistra

Operations

Company,

LLC

184,000

5.125%, 

5/13/2025

a

182,373

489,000

5.000%, 

7/31/2027

a

473,512

Xcel

Energy,

Inc.

98,000

4.000%, 

6/15/2028

93,407

138,000

4.600%, 

6/1/2032

129,769

Total

14,834,890

Total

Long-Term

Fixed

Income

(cost

$474,420,038)

458,607,417

Shares

Common

Stock

(

14

.6

%

)

Value

Communications

Services

(0.9%)

3,374

Alphabet,

Inc.,

Class

A

k

509,238

10,702

Alphabet,

Inc.,

Class

C

k

1,629,486

9,419

Comcast

Corporation

408,314

1,524

Electronic

Arts,

Inc.

202,189

437

Emerald

Holding,

Inc.

k

2,976

3,659

Meta

Platforms,

Inc.

1,776,737

208

Netflix,

Inc.

k

126,325

6,998

QuinStreet,

Inc.

k

123,585

2,308

Tripadvisor,

Inc.

k

64,139

13,670

Verizon

Communications,

Inc.

573,593

13,730

Warner

Brothers

Discovery,

Inc.

k

119,863

4,674

Windstream

Services,

LLC

k

44,403

1,677

Ziff

Davis,

Inc.

k

105,718

Total

5,686,566

Consumer

Discretionary

(1.6%)

12,037

Amazon.com,

Inc.

k

2,171,234

2,401

Aptiv

plc

k

191,240

1,054

Bloomin'

Brands,

Inc.

30,229

147

Booking

Holdings,

Inc.

533,298

973

Boot

Barn

Holdings,

Inc.

k

92,581

1,747

Brunswick

Corporation

168,620

Shares

Common

Stock

(14.6%)

Value

Consumer

Discretionary

(1.6%)

-

continued

93

Chipotle

Mexican

Grill,

Inc.

k

$

270,330

3,289

Columbia

Sportswear

Company

267,001

9,937

Cooper-Standard

Holdings,

Inc.

k

164,557

2,027

Crocs,

Inc.

k

291,483

1,000

D.R.

Horton,

Inc.

164,550

2,921

eBay,

Inc.

154,170

1,105

Expedia

Group,

Inc.

k

152,214

994

Ford

Motor

Company

13,200

1,805

Garmin,

Ltd.

268,710

825

Grand

Canyon

Education,

Inc.

k

112,373

1,890

Hilton

Worldwide

Holdings,

Inc.

403,156

1,219

Home

Depot,

Inc.

467,608

1,337

Lowe's

Companies,

Inc.

340,574

402

Lululemon

Athletica,

Inc.

k

157,041

1,281

McDonald's

Corporation

361,178

535

Meritage

Homes

Corporation

93,871

10,678

Mobileye

Global,

Inc.

k

343,298

83

NVR,

Inc.

k

672,297

286

O'Reilly

Automotive,

Inc.

k

322,860

58

Ross

Stores,

Inc.

8,512

1,254

Savers

Value

Village,

Inc.

k

24,177

4,237

SharkNinja,

Inc.

263,923

5,600

Skyline

Champion

Corporation

k

476,056

2,911

Sony

Group

Corporation

ADR

f

249,589

2,215

Starbucks

Corporation

202,429

7,621

Stoneridge,

Inc.

k

140,531

3,416

Tesla,

Inc.

k

600,499

1,053

Texas

Roadhouse,

Inc.

162,657

18,164

ThredUp,

Inc.

k

36,328

1,466

Yum

China

Holding,

Inc.

58,332

Total

10,430,706

Consumer

Staples

(0.8%)

4,890

Altria

Group,

Inc.

213,302

7,090

BJ's

Wholesale

Club

Holdings,

Inc.

k

536,358

599

Casey's

General

Stores,

Inc.

190,752

7,682

Coca-Cola

Company

469,985

95

Costco

Wholesale

Corporation

69,600

17,388

Coty,

Inc.

k

207,960

2,220

John

B.

Sanfilippo

&

Son,

Inc.

235,142

10,848

Kenvue,

Inc.

232,798

2,709

Lamb

Weston

Holdings,

Inc.

288,590

1,142

Lancaster

Colony

Corporation

237,113

4,799

Philip

Morris

International,

Inc.

439,684

5,531

Pilgrim's

Pride

Corporation

k

189,824

1,346

Procter

&

Gamble

Company

218,389

4,283

Sysco

Corporation

347,694

4,536

Turning

Point

Brands,

Inc.

132,905

5,278

Tyson

Foods,

Inc.

309,977

13,200

Walmart,

Inc.

794,244

Total

5,114,317

Energy

(0.8%)

152

Baker

Hughes

Company

5,092

6,111

Chesapeake

Energy

Corporation

542,840

263

Chevron

Corporation

41,486

3,508

ConocoPhillips

446,498

10,875

Devon

Energy

Corporation

545,708

11,376

Enterprise

Products

Partners,

LP

331,952

2,288

EOG

Resources,

Inc.

292,498

5,521

Exxon

Mobil

Corporation

641,761

8,648

Halliburton

Company

340,904

1,218

Marathon

Petroleum

Corporation

245,427

2,012

Matador

Resources

Company

134,341

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

71

Shares

Common

Stock

(14.6%)

Value

Energy

(0.8%)

-

continued

19,187

NOV,

Inc.

$

374,530

1,327

Permian

Resources

Corporation

23,435

1,532

Pioneer

Natural

Resources

Company

402,150

1,530

Schlumberger

NV

83,859

2,248

Shell

plc

ADR

150,706

4,581

TechnipFMC

plc

115,029

4,924

Williams

Companies,

Inc.

191,888

Total

4,910,104

Financials

(2.3%)

986

Allstate

Corporation

170,588

15,973

Ally

Financial,

Inc.

648,344

736

American

Express

Company

167,580

4,713

American

International

Group,

Inc.

368,415

1,046

Ameriprise

Financial,

Inc.

458,608

4,158

Arch

Capital

Group,

Ltd.

k

384,366

14,843

Bank

of

America

Corporation

562,847

75

Bank

of

Marin

Bancorp

1,258

3,884

Bank

of

N.T.

Butterfield

&

Son,

Ltd.

124,249

5,706

Bank

of

New

York

Mellon

Corporation

328,780

181

Banner

Corporation

8,688

1,017

Berkshire

Hathaway,

Inc.

k

427,669

372

Berkshire

Hills

Bancorp,

Inc.

8,526

175

BlackRock,

Inc.

145,897

158

Block,

Inc.

k

13,364

9,088

Bridgewater

Bancshares,

Inc.

k

105,784

356

Brookline

Bancorp,

Inc.

3,546

1,186

Brown

&

Brown,

Inc.

103,822

1,489

Capital

One

Financial

Corporation

221,697

3,325

Carlyle

Group,

Inc.

155,976

430

Cboe

Global

Markets,

Inc.

79,004

1,105

Central

Pacific

Financial

Corporation

21,824

5,402

Charles

Schwab

Corporation

390,781

2,052

Chubb,

Ltd.

531,735

614

Citigroup,

Inc.

38,829

1,365

Columbia

Banking

System,

Inc.

26,413

3,635

Comerica,

Inc.

199,889

459

Community

Trust

Bancorp,

Inc.

19,576

21

Customers

Bancorp,

Inc.

k

1,114

1,851

Discover

Financial

Services

242,648

819

Ellington

Residential

Mortgage

REIT

5,659

383

Enterprise

Financial

Services

Corporation

15,534

11,881

F.N.B.

Corporation

167,522

338

FactSet

Research

Systems,

Inc.

153,584

145

Financial

Institutions,

Inc.

2,729

351

First

Bancshares,

Inc.

9,108

104

First

Mid-Illinois

Bancshares,

Inc.

3,399

715

Fiserv,

Inc.

k

114,271

3,572

Glacier

Bancorp,

Inc.

143,880

105

Global

Payments,

Inc.

14,034

360

Great

Southern

Bancorp,

Inc.

19,735

555

Hancock

Whitney

Corporation

25,552

1,637

Hanmi

Financial

Corporation

26,061

4,497

Heartland

Financial

USA,

Inc.

158,070

354

Heritage

Financial

Corporation

6,864

382

Hometrust

Bancshares,

Inc.

10,444

485

Hope

Bancorp,

Inc.

5,582

2,064

Houlihan

Lokey,

Inc.

264,584

233

Independent

Bank

Corporation

12,121

209

Independent

Bank

Corporation/MI

5,298

Shares

Common

Stock

(14.6%)

Value

Financials

(2.3%)

-

continued

4,936

Intercontinental

Exchange,

Inc.

$

678,354

5,263

J.P.

Morgan

Chase

&

Company

1,054,179

4,384

KeyCorp

69,311

1,673

Kinsale

Capital

Group,

Inc.

877,890

1,283

Marsh

&

McLennan

Companies,

Inc.

264,272

630

Mastercard,

Inc.

303,389

3,532

MetLife,

Inc.

261,757

1,455

MGIC

Investment

Corporation

32,534

772

MidWestOne

Financial

Group,

Inc.

18,096

208

Moody's

Corporation

81,750

1,804

Morgan

Stanley

169,865

538

MSCI,

Inc.

301,522

4,543

Nasdaq,

Inc.

286,663

227

National

Bank

Holdings

Corporation

8,188

2,851

Northern

Trust

Corporation

253,511

1,916

NU

Holdings,

Ltd./Cayman

Islands

k

22,858

939

OceanFirst

Financial

Corporation

15,409

249

OFG

Bancorp

9,166

2,535

PayPal

Holdings,

Inc.

k

169,820

53

PNC

Financial

Services

Group,

Inc.

8,565

2,155

Prosperity

Bancshares,

Inc.

141,756

6,598

Radian

Group,

Inc.

220,835

3,226

Raymond

James

Financial,

Inc.

414,283

1,996

RLI

Corporation

296,346

1,941

SEI

Investments

Company

139,558

2,257

Tradeweb

Markets,

Inc.

235,112

2,344

Triumph

Financial,

Inc.

k

185,926

65

Truist

Financial

Corporation

2,534

89

TrustCo

Bank

Corporation

NY

2,506

257

U.S.

Bancorp

11,488

466

Visa,

Inc.

130,051

885

Voya

Financial,

Inc.

65,419

12,753

Wells

Fargo

&

Company

739,164

126

Westamerica

Bancorporation

6,159

6,160

Western

Alliance

Bancorp

395,410

5,791

Zions

Bancorp

NA

251,329

Total

15,250,823

Health

Care

(1.6%)

2,847

Abbott

Laboratories

323,590

1,026

AbbVie,

Inc.

186,835

2,611

Agilent

Technologies,

Inc.

379,927

1,248

Align

Technology,

Inc.

k

409,244

1,080

Amgen,

Inc.

307,066

4,270

AstraZeneca

plc

ADR

289,292

8,376

Avantor,

Inc.

k

214,174

557

Biogen,

Inc.

k

120,106

4,341

Centene

Corporation

k

340,682

1,213

Charles

River

Laboratories

International,

Inc.

k

328,662

819

Cigna

Group

297,453

1,476

Danaher

Corporation

368,587

2,760

Edwards

Lifesciences

Corporation

k

263,746

936

Elevance

Health,

Inc.

485,353

600

Eli

Lilly

&

Company

466,776

4,290

Enovis

Corporation

k

267,910

2,441

Gilead

Sciences,

Inc.

178,803

4,749

Halozyme

Therapeutics,

Inc.

k

193,189

575

Intuitive

Surgical,

Inc.

k

229,477

3,425

Johnson

&

Johnson

541,801

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

72

Shares

Common

Stock

(14.6%)

Value

Health

Care

(1.6%)

-

continued

1,719

Laboratory

Corporation

of

America

Holdings

$

375,533

2,283

Masimo

Corporation

k

335,258

3,757

Medtronic

plc

327,423

4,595

Merck

&

Company,

Inc.

606,310

384

Molina

Healthcare,

Inc.

k

157,759

2,020

Novo

Nordisk

AS

ADR

259,368

11,794

Option

Care

Health,

Inc.

k

395,571

3,388

Progyny,

Inc.

k

129,252

381

QuidelOrtho

Corporation

k

18,265

1,277

Sarepta

Therapeutics,

Inc.

k

165,320

214

Stryker

Corporation

76,584

825

Thermo

Fisher

Scientific,

Inc.

479,498

308

UnitedHealth

Group,

Inc.

152,368

1,292

Varex

Imaging

Corporation

k

23,385

624

Vertex

Pharmaceuticals,

Inc.

k

260,838

11,361

Viemed

Healthcare,

Inc.

k

107,134

2,897

Zimmer

Biomet

Holdings,

Inc.

382,346

1,127

Zoetis,

Inc.

190,700

Total

10,635,585

Industrials

(2.1%)

2,793

Advanced

Drainage

Systems,

Inc.

481,066

130

AECOM

12,750

6,365

Air

Lease

Corporation

327,416

1,217

AMETEK,

Inc.

222,589

249

Armstrong

World

Industries,

Inc.

30,931

1,455

ASGN,

Inc.

k

152,426

1,009

Automatic

Data

Processing,

Inc.

251,988

618

Axon

Enterprise,

Inc.

k

193,360

9,825

Badger

Infrastructure

Solutions,

Ltd.

364,117

511

Carlisle

Companies,

Inc.

200,235

914

Caterpillar,

Inc.

334,917

125

Chart

Industries,

Inc.

k

20,590

1,320

Cimpress

plc

k

116,833

19,239

CNH

Industrial

NV

249,337

17,470

CSX

Corporation

647,613

577

Curtiss-Wright

Corporation

147,677

5,592

Delta

Air

Lines,

Inc.

267,689

4,747

ExlService

Holdings,

Inc.

k

150,955

1,743

Expeditors

International

of

Washington,

Inc.

211,897

9,887

Fastenal

Company

762,683

1,122

Ferguson

plc

245,078

5,316

Flowserve

Corporation

242,835

4,689

Fluor

Corporation

k

198,251

1,323

General

Dynamics

Corporation

373,734

60

Gorman-Rupp

Company

2,373

413

Graco,

Inc.

38,599

3,519

Greenbrier

Companies,

Inc.

183,340

3,743

Helios

Technologies,

Inc.

167,275

1,545

Honeywell

International,

Inc.

317,111

9,737

Howmet

Aerospace,

Inc.

666,303

2,201

Ingersoll

Rand,

Inc.

208,985

13,556

Janus

International

Group,

Inc.

k

205,102

1,193

JB

Hunt

Transport

Services,

Inc.

237,705

1,258

L3Harris

Technologies,

Inc.

268,080

1,031

Lincoln

Electric

Holdings,

Inc.

263,359

1,756

ManpowerGroup,

Inc.

136,336

10,970

Masterbrand,

Inc.

k

205,578

2,580

Maximus,

Inc.

216,462

3,592

Miller

Industries,

Inc.

179,959

1,024

Moog,

Inc.

163,482

338

Northrop

Grumman

Corporation

161,787

Shares

Common

Stock

(14.6%)

Value

Industrials

(2.1%)

-

continued

1,316

Old

Dominion

Freight

Line,

Inc.

$

288,612

976

Owens

Corning,

Inc.

162,797

131

Parker-Hannifin

Corporation

72,809

896

Pentair

plc

76,554

1,425

Quanta

Services,

Inc.

370,215

580

Rockwell

Automation,

Inc.

168,971

6,998

Schneider

National,

Inc.

158,435

429

Simpson

Manufacturing

Company,

Inc.

88,022

2,211

Tennant

Company

268,880

5,827

Timken

Company

509,455

922

Trane

Technologies

plc

276,784

3,583

Uber

Technologies,

Inc.

k

275,855

3,063

United

Parcel

Service,

Inc.

455,254

735

United

Rentals,

Inc.

530,016

Total

13,531,462

Information

Technology

(3.0%)

196

Accenture

plc

67,936

906

Adobe,

Inc.

k

457,168

2,336

Advanced

Micro

Devices,

Inc.

k

421,625

1,279

Amphenol

Corporation

147,533

12,986

Apple,

Inc.

2,226,839

1,788

Applied

Materials,

Inc.

368,739

141

Arista

Networks,

Inc.

k

40,887

767

Autodesk,

Inc.

k

199,742

210

Broadcom,

Inc.

278,336

812

CDW

Corporation

207,693

6,746

Ciena

Corporation

k

333,590

11,845

Cisco

Systems,

Inc.

591,184

4,234

Cohu,

Inc.

k

141,119

1,283

Crane

NXT

Company

79,418

11,821

Dropbox,

Inc.

k

287,250

1,514

Enphase

Energy,

Inc.

k

183,164

954

Fabrinet

k

180,325

956

FormFactor,

Inc.

k

43,622

2,347

Fortinet,

Inc.

k

160,324

9,355

Gilat

Satellite

Networks,

Ltd.

k

50,798

1,980

Guidewire

Software,

Inc.

k

231,086

499

Insight

Enterprises,

Inc.

k

92,575

889

International

Business

Machines

Corporation

169,763

3,412

JFrog,

Ltd.

k

150,879

269

KLA

Corporation

187,915

10,034

Knowles

Corporation

k

161,547

100

Lam

Research

Corporation

97,157

579

Littelfuse,

Inc.

140,321

7,781

Microsoft

Corporation

3,273,622

85

Motorola

Solutions,

Inc.

30,173

367

NetApp,

Inc.

38,524

1,624

NICE,

Ltd.

ADR

k

423,247

2,760

NVIDIA

Corporation

2,493,826

2,325

ON

Semiconductor

Corporation

k

171,004

654

Onto

Innovation,

Inc.

k

118,426

2,217

Plexus

Corporation

k

210,216

7,201

QUALCOMM,

Inc.

1,219,129

527

RingCentral,

Inc.

k

18,308

1,694

Salesforce,

Inc.

510,199

7,307

Samsung

Electronics

Company,

Ltd.

439,133

680

ServiceNow,

Inc.

k

518,432

1,799

Shopify,

Inc.

k

138,829

917

Silicon

Laboratories,

Inc.

k

131,791

1,085

Sprout

Social,

Inc.

k

64,785

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

73

Shares

Common

Stock

(14.6%)

Value

Information

Technology

(3.0%)

-

continued

1,028

Taiwan

Semiconductor

Manufacturing

Company,

Ltd.

ADR

$

139,859

897

TE

Connectivity,

Ltd.

130,280

7,450

Trimble,

Inc.

k

479,482

23,365

TTM

Technologies,

Inc.

k

365,662

327

Tyler

Technologies,

Inc.

k

138,978

421

Universal

Display

Corporation

70,917

5,786

Varonis

Systems,

Inc.

k

272,926

813

VeriSign,

Inc.

k

154,072

1,138

Workiva,

Inc.

k

96,502

Total

19,346,857

Materials

(0.6%)

1,455

Albemarle

Corporation

191,682

3,452

Alcoa

Corporation

116,643

363

Allegheny

Technologies,

Inc.

k

18,575

6,905

Ball

Corporation

465,121

1,447

Carpenter

Technology

Corporation

103,345

3,308

CF

Industries

Holdings,

Inc.

275,259

2,667

Corteva,

Inc.

153,806

79

Eagle

Materials,

Inc.

21,468

2,197

Eastman

Chemical

Company

220,183

951

Greif,

Inc.

65,666

3,579

Ingevity

Corporation

k

170,718

12,344

Ivanhoe

Mines,

Ltd.

k

147,266

1,015

Linde

plc

471,285

2,080

Nucor

Corporation

411,632

3,956

Steel

Dynamics,

Inc.

586,398

12,281

Tronox

Holdings

plc

213,075

771

United

States

Lime

&

Minerals,

Inc.

229,866

Total

3,861,988

Real

Estate

(0.5%)

2,760

Agree

Realty

Corporation

157,651

2,255

Alexandria

Real

Estate

Equities,

Inc.

290,692

1,185

AvalonBay

Communities,

Inc.

219,889

1,453

CBRE

Group,

Inc.

k

141,290

2,104

Crown

Castle,

Inc.

222,666

21,106

Cushman

and

Wakefield

plc

k

220,769

350

EastGroup

Properties,

Inc.

62,920

4,945

Essential

Properties

Realty

Trust,

Inc.

131,834

1,027

Extra

Space

Storage,

Inc.

150,969

11,716

Healthcare

Realty

Trust,

Inc.

165,781

10,473

Independence

Realty

Trust,

Inc.

168,929

1,909

Invitation

Homes,

Inc.

67,979

1,057

Kite

Realty

Group

Trust

22,916

6,956

National

Storage

Affiliates

Trust

272,397

310

NNN

REIT,

Inc.

13,249

1,797

Phillips

Edison

and

Company,

Inc.

64,458

2,286

SBA

Communications

Corporation

495,376

490

STAG

Industrial,

Inc.

18,836

1,944

Terreno

Realty

Corporation

129,082

Total

3,017,683

Utilities

(0.4%)

1,417

ALLETE,

Inc.

84,510

5,237

Alliant

Energy

Corporation

263,945

401

American

Water

Works

Company,

Inc.

49,006

9,101

CenterPoint

Energy,

Inc.

259,287

1,781

Constellation

Energy

Corporation

329,218

2,789

Duke

Energy

Corporation

269,724

Shares

Common

Stock

(14.6%)

Value

Utilities

(0.4%)

-

continued

2,217

Entergy

Corporation

$

234,293

4,813

Evergy,

Inc.

256,918

9,975

NiSource,

Inc.

275,908

1,171

Northwestern

Energy

Group,

Inc.

59,639

2,426

Portland

General

Electric

Company

101,892

3,393

Public

Service

Enterprise

Group,

Inc.

226,585

1,611

Spire,

Inc.

98,867

1,872

UGI

Corporation

45,939

4,254

Xcel

Energy,

Inc.

228,652

Total

2,784,383

Total

Common

Stock

(cost

$63,344,314)

94,570,474

Shares

Registered

Investment

Companies

(

10

.2

%

)

Value

U.S.

Affiliated  (8.9%)

6,138,027

Thrivent

Core

Emerging

Markets

Debt

Fund

49,472,501

734,413

Thrivent

Core

International

Equity

Fund

7,814,157

Total

57,286,658

U.S.

Unaffiliated  (1.3%)

59,018

Aberdeen

Asia-Pacific

Income

Fund,

Inc.

165,250

19,575

AllianceBernstein

Global

High

Income

Fund,

Inc.

207,887

28,163

Allspring

Income

Opportunities

Fund

187,002

5,700

BlackRock

Core

Bond

Trust

61,560

20,912

BlackRock

Corporate

High

Yield

Fund,

Inc.

204,729

20,506

BlackRock

Credit

Allocation

Income

Trust

219,209

2,840

BlackRock

Debt

Strategies

Fund,

Inc.

31,410

2,500

BlackRock

Enhanced

Equity

Dividend

Trust

20,625

19,474

BlackRock

Enhanced

Global

Dividend

Trust

203,698

9,800

BlackRock

Enhanced

International

Dividend

Trust

54,194

700

BlackRock

Floating

Rate

Income

Strategies

Fund,

Inc.

9,044

4,099

BlackRock

Income

Trust,

Inc.

48,778

7,100

BlackRock

Multi-Sector

Income

Trust

112,748

16,086

Blackstone

Strategic

Credit

2027

Term

Fund

191,423

22,216

Eaton

Vance

Limited

Duration

Income

Fund

216,606

5,039

Eaton

Vance

Tax-Managed

Global

Diversified

Equity

Income

Fund

41,118

15,334

First

Trust

High

Income

Long/Short

Fund

182,935

4,851

Invesco

Dynamic

Credit

Opportunities

Fund

d

51,104

1,068

iShares

Biotechnology

ETF

146,551

6,901

iShares

iBoxx

$

Investment

Grade

Corporate

Bond

ETF

f

751,657

11,709

iShares

Preferred

and

Income

Securities

ETF

377,381

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

74

Shares

Registered

Investment

Companies

(10.2%)

Value

U.S.

Unaffiliated  (1.3%)-

continued

41,950

Nuveen

Credit

Strategies

Income

Fund

$

233,662

10,741

Nuveen

Preferred

Income

Opportunities

Fund

77,228

18,592

PGIM

Global

High

Yield

Fund,

Inc.

222,360

18,673

PGIM

High

Yield

Bond

Fund,

Inc.

242,562

4,634

Pimco

Dynamic

Income

Fund

f

89,390

2,177

SPDR

Bloomberg

High

Yield

Bond

ETF

f

207,250

2,876

SPDR

S&P

Biotech

ETF

f

272,904

1,261

Tri-Continental

Corporation

38,839

28,692

Vanguard

Intermediate-Term

Corporate

Bond

ETF

2,309,993

9,350

Vanguard

Short-Term

Corporate

Bond

ETF

722,849

7,200

Virtus

Convertible

&

Income

Fund

24,048

11,271

Virtus

Dividend,

Interest

&

Premium

Strategy

Fund

144,043

1,350

Virtus

Equity

&

Convertible

Income

Fund

30,226

29,269

Voya

Global

Equity

Dividend

&

Premium

Opportunity

Fund

155,126

45,361

Western

Asset

High

Income

Opportunity

Fund,

Inc.

176,908

Total

8,432,297

Total

Registered

Investment

Companies

(cost

$73,191,361)

65,718,955

Shares

Collateral

Held

for

Securities

Loaned

(

1

.6

%

)

Value

10,070,445

Thrivent

Cash

Management

Trust

10,070,445

Total

Collateral

Held

for

Securities

Loaned

(cost

$10,070,445)

10,070,445

Shares

Preferred

Stock

(

1

.1

%

)

Value

Communications

Services

(0.1%)

21,875

AT&T,

Inc.,

4.750%

i

439,906

11,250

Telephone

and

Data

Systems,

Inc.,

6.000%

i

179,888

Total

619,794

Energy

(<0.1%)

5,300

Energy

Transfer,

LP,

7.600%

c,i

134,090

5,109

Nustar

Logistics,

LP,

12.310%

c

128,338

748

UGI

Corporation,

Convertible,

7.250%

43,489

Total

305,917

Financials

(0.9%)

7,525

Aegon

Funding

Corporation

II,

5.100%

163,067

7,500

Allstate

Corporation,

5.100%

i

168,300

9,219

Apollo

Global

Management,

Inc.,

Convertible,

6.750%

587,711

16,000

Bank

of

America

Corporation,

4.250%

i

316,800

537

Bank

of

America

Corporation,

Convertible,

7.250%

i

641,038

14,875

Capital

One

Financial

Corporation,

5.000%

i

304,342

6,200

Equitable

Holdings,

Inc.,

5.250%

i

141,546

Shares

Preferred

Stock

(1.1%)

Value

Financials

(0.9%)

-

continued

17,000

J.P.

Morgan

Chase

&

Company,

4.200%

i

$

342,720

9,925

J.P.

Morgan

Chase

&

Company,

4.750%

i

222,916

10,750

KeyCorp,

6.200%

c,i

246,283

9,050

Morgan

Stanley,

4.250%

i

182,267

7,800

Morgan

Stanley,

5.850%

c,i

194,922

5,100

Morgan

Stanley,

7.125%

c,i

128,775

9,350

Public

Storage,

4.125%

i

181,297

3,775

Public

Storage,

4.625%

i

80,747

958

Public

Storage,

4.700%

i

20,587

2,700

Regions

Financial

Corporation,

5.700%

c,i

63,720

2,675

Synovus

Financial

Corporation,

5.875%

c,i

65,912

9,000

U.S.

Bancorp,

4.000%

i

169,650

15,500

Wells

Fargo

&

Company,

4.250%

i

302,095

7,600

Wells

Fargo

&

Company,

4.750%

i

164,920

698

Wells

Fargo

&

Company,

Convertible,

7.500%

i

851,106

Total

5,540,721

Utilities

(0.1%)

14,250

CMS

Energy

Corporation,

4.200%

i

289,845

10,655

NextEra

Energy,

Inc.,

Convertible,

6.926%

f

414,799

6,200

Southern

Company,

4.950%

142,538

Total

847,182

Total

Preferred

Stock

(cost

$8,067,028)

7,313,614

Shares

or

Principal

Amount

Short-Term

Investments

(

3

.2

%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

600,000

5.230%,

4/3/2024

l,m

599,482

800,000

5.210%,

4/10/2024

l,m

798,504

400,000

5.214%,

4/17/2024

l,m

398,849

1,100,000

5.210%,

5/21/2024

l,m

1,091,387

Thrivent

Core

Short-Term

Reserve

Fund

1,745,431

5.590%

17,454,312

U.S.

Treasury

Bills

100,000

5.203%,

4/18/2024

l,n

99,751

300,000

5.232%,

5/16/2024

l,n

298,039

Total

Short-Term

Investments

(cost

$20,739,571)

20,740,324

Total

Investments

(cost

$649,832,757)

101.5%

$

657,021,229

Other

Assets

and

Liabilities,

Net

(1.5%)

(

9,560,179

)

Total

Net

Assets

100.0%

$

647,461,050

a

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

March

28,

2024,

the

value

of

these

investments

was

$153,722,906

or

23.7%

of

total

net

assets.

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

75

b

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

March

28,

2024.

c

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

March

28,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

d

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

e

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

f

All

or

a

portion

of

the

security

is

on

loan.

g

Denotes

interest

only

security.  Interest

only

securities

represent

the

right

to

receive

monthly

interest

payments

on

an

underlying

pool

of

mortgages

or

assets.  The

principal

shown

is

the

outstanding

par

amount

of

the

pool

as

of

the

end

of

the

period.

The

actual

effective

yield

of

the

security

is

different

than

the

stated

coupon

rate.

h

Denotes

payment-in-kind

security.  The

security

may

pay

an

interest

or

dividend

payment

with

additional

fixed

income

or

equity

securities

in

lieu

of,

or

in

addition

to

a

cash

payment.  The

cash

rate

and/or

payment-in-kind

rate

shown

are

as

of

March

28,

2024.

i

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

j

Defaulted

security.  Interest

is

not

being

accrued.

k

Non-income

producing

security.

l

The

interest

rate

shown

reflects

the

yield.

m

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

n

All

or

a

portion

of

the

security

is

pledged

as

collateral

under

the

agreement

between

the

counterparty,

the

custodian

and

the

fund

for

open

swap

contracts.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Diversified

Income

Plus

Portfolio

as

of

March

28,

2024

was

$12,100

or

0.00%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

March

28,

2024.

Security

Acquisition

Date

Cost

Credit

Suisse

Group

AG,

12/29/2049

12/4/2013

$

110,000

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Diversified

Income

Plus

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

8,130,009

Common

Stock

1,610,339

Total

lending

$9,740,348

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$10,070,445

Net

amounts

due

to

counterparty

$330,097

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

CLO

-

Collateralized

Loan

Obligation

ETF

-

Exchange

Traded

Fund

PIK

-

Payment-In-Kind

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Reference

Rate

Index:

CMT

1Y

-

Constant

Maturity

Treasury

Yield

1

Year

SOFR30A

-

Secured

Overnight

Financing

Rate

30

Year

Average

TSFR1M

-

CME

Term

SOFR

1

Month

TSFR3M

-

CME

Term

SOFR

3

Month

USISOA05

-

USD

SOFR

Spread-Adjusted

ICE

Swap

Rate

5

Year

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

76

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Diversified

Income

Plus

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Asset-Backed

Securities

36,075,456

–

35,075,456

1,000,000

Basic

Materials

7,713,565

–

7,713,565

–

Capital

Goods

13,716,263

–

13,716,263

–

Collateralized

Mortgage

Obligations

41,924,682

–

41,924,682

–

Commercial

Mortgage-Backed

Securities

3,732,726

–

3,732,726

–

Communications

Services

17,093,611

–

17,093,611

–

Consumer

Cyclical

23,810,325

–

23,810,325

–

Consumer

Non-Cyclical

19,650,972

–

19,650,972

–

Energy

18,630,906

–

18,630,906

–

Financials

57,215,972

–

57,215,972

–

Foreign

Government

145,457

–

145,457

–

Mortgage-Backed

Securities

139,665,446

–

139,665,446

–

Technology

16,440,106

–

16,440,106

–

Transportation

4,205,113

–

4,205,113

–

U.S.

Government

&

Agencies

43,751,927

–

43,751,927

–

Utilities

14,834,890

–

14,834,890

–

Common

Stock

Communications

Services

5,686,566

5,642,163

44,403

–

Consumer

Discretionary

10,430,706

10,430,706

–

–

Consumer

Staples

5,114,317

5,114,317

–

–

Energy

4,910,104

4,910,104

–

–

Financials

15,250,823

15,250,823

–

–

Health

Care

10,635,585

10,635,585

–

–

Industrials

13,531,462

13,167,345

364,117

–

Information

Technology

19,346,857

18,907,724

439,133

–

Materials

3,861,988

3,714,722

147,266

–

Real

Estate

3,017,683

3,017,683

–

–

Utilities

2,784,383

2,784,383

–

–

Registered

Investment

Companies

U.S.

Unaffiliated

8,432,297

8,381,193

–

51,104

Preferred

Stock

Communications

Services

619,794

–

619,794

–

Energy

305,917

262,428

43,489

–

Financials

5,540,721

3,442,406

2,098,315

–

Utilities

847,182

847,182

–

–

Short-Term

Investments

3,286,012

–

3,286,012

–

Subtotal

Investments

in

Securities

$

572,209,814

$

106,508,764

$

464,649,946

$

1,051,104

Other

Investments  *

Total

U.S.

Affiliated

Registered

Investment

Cos.

57,286,658

Affiliated

Short-Term

Investments

17,454,312

Collateral

Held

for

Securities

Loaned

10,070,445

Subtotal

Other

Investments

$

84,811,415

Total

Investments

at

Value

$

657,021,229

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

77

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

S&P

-

Standard

&

Poor's

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Diversified

Income

Plus

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

614,664

614,664

–

–

Total

Asset

Derivatives

$

614,664

$

614,664

$

–

$

–

Liability

Derivatives

Futures

Contracts

610,714

610,714

–

–

Credit

Default

Swaps

20,932

–

20,932

–

Total

Liability

Derivatives

$

631,646

$

610,714

$

20,932

$

–

The

following

table

presents

Diversified

Income

Plus

Portfolio's

futures

contracts

held

as

of

March

28,

2024.

Investments

and/or

cash

totaling

$2,923,621

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Amount

Value

and

Unrealized

CBOT

2-Yr.

U.S.

Treasury

Note

34

June

2024

$

6,960,792

(

$

8,323

)

CME

E-mini

S&P

500

Index

118

June

2024

30,828,829

491,321

ICE

mini

MSCI

EAFE

Index

123

June

2024

14,528,214

(

32,049

)

ICE

US

mini

MSCI

Emerging

Markets

Index

39

June

2024

2,051,160

(

5,610

)

Total

Futures

Long

Contracts

$

54,368,995

$

445,339

CME

E-mini

Russell

2000

Index

(

130

)

June

2024

(

$

13,723,069

)

(

$

225,281

)

CME

E-mini

S&P

Mid-Cap

400

Index

(

20

)

June

2024

(

5,995,586

)

(

159,214

)

CME

Euro

Foreign

Exchange

Currency

(

57

)

June

2024

(

7,833,662

)

123,343

Eurex

Euro

STOXX

50

Index

(

147

)

June

2024

(

7,825,459

)

(

180,237

)

Total

Futures

Short

Contracts

(

$

35,377,776

)

(

$

441,389

)

Total

Futures

Contracts

$

18,991,219

$

3,950

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

78

The

following

table

presents

Diversified

Income

Plus

Portfolio's

swaps

contracts

held

as

of

March

28,

2024.

Investments

totaling

$397,791

were

pledged

as

collateral

under

the

agreement

between

the

counterparty,

the

custodian

and

the

fund

for

open

swap

contracts.

Credit

Default

Swaps

Buy/Sell

Protection

1

Termination

Date

Notional

Principal

Amount

2

Upfront

Payments/

(Receipts)

Value

3

Unrealized

Gain/(Loss)

CDX

HY

42,

5

Year,

at

5.00%,

Quarterly

Buy

6/20/2029

$

7,610,000

$

–

(

$

20,932

)

(

$

20,932

)

Total

Credit

Default

Swaps

$

–

(

$

20,932

)

(

$

20,932

)

1

As

the

buyer

of

protection,

Diversified

Income

Plus

Portfolio

pays

periodic

fees

in

return

for

payment

by

the

seller

which

is

contingent

upon

an

adverse

credit

event

occurring

in

the

underlying

issuer

or

reference

entity.

As

the

seller

of

protection,

Diversified

Income

Plus

Portfolio

collects

periodic

fees

from

the

buyer

and

profits

if

the

credit

of

the

underlying

issuer

or

reference

entity

remains

stable

or

improves

while

the

swap

is

outstanding,

but

the

seller

in

a

credit

default

swap

contract

would

be

required

to

pay

the

amount

of

credit

loss,

determined

as

specified

in

the

agreement,

to

the

buyer

in

the

event

of

an

adverse

credit

event

in

the

reference

entity.

2

The

maximum

potential

amount

of

future

payments

Diversified

Income

Plus

Portfolio

could

be

required

to

make

as

the

seller

or

receive

as

the

buyer

of

protection.

3

The

values

for

credit

indexes

(CDX

or

LCDX)

serve

as

an

indicator

of

the

current

status

of

the

payment/performance

risk

and

represent

the

liability

or

profit

for

the

credit

default

swap

contract

had

the

contract

been

closed

as

of

the

reporting

date.

When

protection

has

been

sold,

the

value

of

the

swap

will

increase

when

the

swap

spread

declines

representing

an

improvement

in

the

reference

entity's

credit

worthiness.

The

value

of

the

swap

will

decrease

when

the

swap

spread

increases

representing

a

deterioration

in

the

reference

entity's

credit

worthiness.

When

protection

has

been

purchased,

the

value

of

the

swap

will

increase

when

the

swap

spread

increases

representing

a

deterioration

in

the

reference

entity's

credit

worthiness.

The

value

of

the

swap

will

decrease

when

the

swap

spread

declines

representing

an

improvement

in

the

reference

entity's

credit

worthiness.

Diversified

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

79

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Diversified

Income

Plus

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$

51,034

$

746

$

2,750

$

49,473

6,138

7.7%

Core

International

Equity

7,432

–

–

7,814

734

1.2

Total

U.S.

Affiliated

Registered

Investment

Companies

58,466

57,287

8.9

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

33,619

57,756

73,921

17,454

1,745

2.7

Total

Affiliated

Short-Term

Investments

33,619

17,454

2.7

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

15,475

55,730

61,135

10,070

10,070

1.6

Total

Collateral

Held

for

Securities

Loaned

15,475

10,070

1.6

Total

Value

$

107,560

$

84,811

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

($648)

$1,091

$

–

$

745

Core

International

Equity

–

382

–

–

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

0

(0)

–

288

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$

1,033

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

22

Total

Affiliated

Income

from

Securities

Loaned,

Net

$

22

Total

Value

($648)

$1,473

$

–

Emerging

Markets

Equity

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

80

Shares

Common

Stock

(

97.6%

)

Value

Belgium

(<0.1%)

483

Titan

Cement

International

SA

$

13,835

Total

13,835

Brazil

(6.1%)

21,500

Atacadao

SA

57,786

20,028

B3

SA

-

Brasil

Bolsa

Balcao

47,920

4,600

Banco

ABC

Brasil

SA

22,342

18,129

Banco

Bradesco

SA

ADR

51,849

25,000

Banco

do

Brasil

SA

282,530

22,114

Centrais

Eletricas

Brasileiras

SA

ADR

184,652

890

Companhia

Paranaense

de

Energia

ADR

a

5,990

833

Companhia

Paranaense

de

Energia

ADR

6,431

32,435

Companhia

Siderurgica

Nacional

SA

ADR

101,521

31,500

CPFL

Energia

SA

218,943

23,792

Gerdau

SA

ADR

105,161

52,500

Iochpe-Maxion

SA

150,526

71,464

Itau

Unibanco

Holding

SA

ADR

495,246

66,770

Itausa

SA

139,653

12,793

Jalles

Machado

SA

20,125

24,200

JBS

S/A

103,355

2,316

Localiza

Rent

a

Car

SA

25,389

57,400

Petroleo

Brasileiro

SA

429,178

13,645

Petroleo

Brasileiro

SA

ADR

207,540

30,500

Randon

SA

Implementos

e

Participacoes

78,144

31,800

Telefonica

Brasil

SA

320,257

84,400

TIM

SA/Brazil

299,373

67,200

Usinas

Siderurgicas

de

Minas

Gerais

SA

Usiminas

134,389

40,945

Vale

SA

ADR

499,120

19,500

Vibra

Energia

SA

97,201

Total

4,084,621

Cayman

Islands

(11.9%)

117,600

Alibaba

Group

Holding,

Ltd.

1,063,437

184

Baidu.com,

Inc.

ADR

a

19,372

114,000

China

Feihe,

Ltd.

b

53,647

172,000

China

Mengniu

Dairy

Company,

Ltd.

370,201

118,000

China

Resources

Building

Materials

Technology

Holdings,

Ltd.

17,967

106,500

China

Resources

Land,

Ltd.

337,864

95,000

Consun

Pharmaceutical

Group,

Ltd.

67,971

146,000

Geely

Automobile

Holdings,

Ltd.

172,789

3,317

Hello

Group,

Inc.

ADR

20,599

13,659

JD.com,

Inc.

187,359

10,639

JOYY,

Inc.

ADR

327,149

7,000

Kingboard

Holdings,

Ltd.

14,292

6,700

Li

Auto,

Inc

a

101,736

123,000

Li

Ning

Company,

Ltd.

328,128

14,500

Longfor

Group

Holdings,

Ltd.

b

20,567

33,100

Meituan

a,b

408,590

9,500

NetDragon

Websoft

Holdings,

Ltd.

13,312

766

NetEase,

Inc.

ADR

79,258

6,522

PDD

Holdings,

Inc.

ADR

a

758,183

70,000

Seazen

Group,

Ltd.

a

9,411

698,500

Shui

On

Land,

Ltd.

59,838

116,000

Sino

Biopharmaceutical,

Ltd.

44,854

42,300

Sunny

Optical

Technology

(Group)

Company,

Ltd.

216,631

Shares

Common

Stock

(97.6%)

Value

Cayman

Islands

(11.9%)

-

continued

21,569

TAL

Education

Group

ADR

a

$

244,808

66,600

Tencent

Holdings,

Ltd.

2,594,066

144,000

Xiaomi

Corporation

a,b

282,712

87,500

Zhongsheng

Group

Holdings,

Ltd.

151,985

Total

7,966,726

Chile

(0.6%)

693

Banco

de

Chile

ADR

15,433

1,612

Banco

de

Credito

e

Inversiones

SA

46,084

39,420

Cencosud

SA

68,398

486,633

Colbun

SA

63,054

18,744

Embotelladora

Andina

SA

47,485

20,337

Empresas

CMPC

SA

41,327

32,865

S.A.C.I.

Falabella

a

86,263

Total

368,044

China

(11.6%)

1,480,300

Agricultural

Bank

of

China,

Ltd.

854,497

333,800

Aluminum

Corporation

of

China,

Ltd.,

Class

A

328,739

588,000

Aluminum

Corporation

of

China,

Ltd.,

Class

H

374,415

32,500

Anhui

Conch

Cement

Company,

Ltd.,

Class

H

67,394

291,500

Bank

of

China,

Ltd.,

Class

A

176,736

384,000

Bank

of

Communications

Company,

Ltd.

332,219

440,800

Baoshan

Iron

&

Steel

Company,

Ltd.

394,916

825,000

BOE

Technology

Group

Company,

Ltd.

460,229

708,000

CGN

Power

Company,

Ltd.

b

210,049

57,500

China

Construction

Bank

Corporation,

Class

A

54,351

58,000

China

Construction

Bank

Corporation,

Class

H

35,002

1,300

China

Merchants

Shekou

Industrial

Zone

Holdings

Company,

Ltd.

1,738

382,000

China

National

Building

Material

Company,

Ltd.

131,484

177,000

China

Railway

Group,

Ltd.

87,613

1,100

China

Tourism

Group

Duty

Free

Corporation,

Ltd.

b

10,981

77,000

China

United

Network

Communications,

Ltd.

49,162

360,000

CMOC

Group,

Ltd.

306,585

497,000

CRRC

Corporation,

Ltd.

268,275

96,700

Foxconn

Industrial

Internet

Company,

Ltd.

314,182

14,000

Fuyao

Glass

Industry

Group

Company,

Ltd.,

Class

H

b

70,535

114,500

Great

Wall

Motor

Company,

Ltd.,

Class

H

127,555

49,300

Gree

Electric

Appliances,

Inc.

of

Zhuhai

267,499

622,300

Greenland

Holdings

Corporation,

Ltd.

a

167,150

29,100

Guotai

Junan

Securities

Company,

Ltd.

57,411

23,800

Huatai

Securities

Company,

Ltd.

b

27,234

197,400

Huaxia

Bank

Company,

Ltd.

176,788

3,900

Jiangsu

Hengrui

Medicine

Company,

Ltd.

24,962

194,000

Jiangxi

Copper

Company,

Ltd.,

Class

H

331,345

Emerging

Markets

Equity

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

81

Shares

Common

Stock

(97.6%)

Value

China

(11.6%)

-

continued

44,600

Livzon

Pharmaceutical

Group,

Inc.

$

231,798

437,000

People's

Insurance

Company

(Group)

of

China,

Ltd.

139,705

109,600

PetroChina

Company,

Ltd.,

Class

A

140,510

270,000

PetroChina

Company,

Ltd.,

Class

H

231,558

77,000

Ping

An

Insurance

(Group)

Company

of

China,

Ltd.,

Class

H

326,918

88,900

Poly

Developments

and

Holdings

Group

Company,

Ltd.

115,114

3,500

Seazen

Holdings

Company,

Ltd.

a

4,754

277,200

Shenwan

Hongyuan

Group

Company,

Ltd.

169,579

234,400

Shenzhen

Overseas

Chinese

Town

Company,

Ltd.

a

88,925

9,400

Shenzhou

International

Group

Holdings,

Ltd.

89,238

83,000

Tong

Ren

Tang

Technologies

Company,

Ltd.

51,699

10,000

Tsingtao

Brewery

Company,

Ltd.

68,822

60,700

Wanda

Film

Holding

Company,

Ltd.

a

127,961

23,600

WuXi

AppTec

Company,

Ltd.,

Class

H

b

112,127

61,400

ZTE

Corporation

122,567

Total

7,730,321

Colombia

(0.1%)

1,282

Bancolombia

SA

11,370

893

Bancolombia

SA

ADR

30,558

Total

41,928

Czech

Republic

(0.4%)

5,960

Komercni

Banka

AS

213,463

42

Philip

Morris

CR

28,330

Total

241,793

Greece

(0.1%)

15,852

Eurobank

Ergasias

Services

and

Holdings

SA

a

30,476

2,676

HELLENiQ

ENERGY

Holdings

SA

c

24,077

708

Motor

Oil

(Hellas)

Corinth

Refineries

SA

21,097

Total

75,650

Hong

Kong

(1.1%)

249,500

China

Overseas

Land

&

Investment,

Ltd.

360,090

44,000

CSPC

Pharmaceutical

Group,

Ltd.

34,632

166,000

Weichai

Power

Company,

Ltd.,

Class

H

316,747

14,000

Yuexiu

Property

Company,

Ltd.

7,725

Total

719,194

Hungary

(0.8%)

22,391

MOL

Hungarian

Oil

&

Gas

plc

181,573

6,835

OTP

Bank

Nyrt

314,581

1,305

Richter

Gedeon

Nyrt

33,106

Total

529,260

India

(19.2%)

1,997

Angel

One,

Ltd.

72,919

795

Apar

Industries,

Ltd.

66,611

18,734

Axis

Bank,

Ltd.

236,112

8,807

Bajaj

Auto,

Ltd.

968,935

Shares

Common

Stock

(97.6%)

Value

India

(19.2%)

-

continued

2,540

Bajaj

Finserv,

Ltd.

$

50,249

12,090

Bharat

Petroleum

Corporation,

Ltd.

87,584

23,494

Birlasoft,

Ltd.

209,911

951

Ceat,

Ltd.

30,680

3,114

Chambal

Fertilisers

and

Chemicals,

Ltd.

12,804

35,088

Cipla,

Ltd.

630,768

70,805

Coal

India,

Ltd.

370,228

909

CRISIL,

Ltd.

55,347

3,649

Cummins

India,

Ltd.

131,731

1,245

Dixon

Technologies

India,

Ltd.

112,160

5,685

Gujarat

State

Petronet,

Ltd.

24,348

28,661

HCL

Technologies,

Ltd.

532,881

12,505

HDFC

Asset

Management

Company,

Ltd.

b

563,928

14,811

Hero

MotoCorp,

Ltd.

840,926

6,700

Hindalco

Industries,

Ltd.

45,236

22,837

ICICI

Bank,

Ltd.

ADR

603,125

1,005

ICICI

Securities,

Ltd.

b

8,768

171,012

Indian

Oil

Corporation,

Ltd.

345,084

385

Info

Edge

India,

Ltd.

25,873

27,337

Infosys,

Ltd.

ADR

490,152

33,013

Jindal

Saw,

Ltd.

171,083

16,206

JK

Tyre

&

Industries,

Ltd.

84,241

22,019

Kotak

Mahindra

Bank,

Ltd.

473,057

9,480

KPIT

Technologies,

Ltd.

169,672

13,396

Larsen

&

Toubro,

Ltd.

605,892

1,597

LTIMindtree,

Ltd.

b

94,903

20,813

Manappuram

Finance,

Ltd.

43,339

368

Maruti

Suzuki

India,

Ltd.

55,708

100

MRF,

Ltd.

160,054

9,144

NCC,

Ltd./India

25,559

2,230

Nestle

India,

Ltd.

70,197

2,414

Nippon

Life

India

Asset

Management,

Ltd.

b

13,643

206,678

Oil

&

Natural

Gas

Corporation,

Ltd.

667,163

967

PB

Fintech,

Ltd.

a

13,078

4,600

Persistent

Systems,

Ltd.

220,661

614

PI

Industries,

Ltd.

28,526

4,608

Pidilite

Industries,

Ltd.

166,679

40,939

Power

Finance

Corporation,

Ltd.

192,079

30,325

REC,

Ltd.

164,602

13,674

Reliance

Industries,

Ltd.

488,957

93,171

State

Bank

of

India

843,806

19,500

Tata

Consultancy

Services,

Ltd.

910,103

20,044

Tata

Motors,

Ltd.

239,293

2,620

UltraTech

Cement,

Ltd.

306,810

18,008

Union

Bank

of

India,

Ltd.

33,281

3,650

United

Spirits,

Ltd.

49,701

21,833

Welspun

Living,

Ltd.

36,114

Total

12,844,561

Indonesia

(3.0%)

1,378,500

Bank

Central

Asia

Tbk

PT

876,640

866,600

Bank

Mandiri

Persero

Tbk

PT

394,297

1,836,496

Bank

Rakyat

Indonesia

Persero

Tbk

PT

702,230

Total

1,973,167

Kuwait

(0.8%)

11,919

HumanSoft

Holding

Company

KSCC

129,106

24,277

Kuwait

Finance

House

KSCP

63,131

39,107

Mobile

Telecommunications

Company

KSCP

62,409

Emerging

Markets

Equity

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

82

Shares

Common

Stock

(97.6%)

Value

Kuwait

(0.8%)

-

continued

89,405

National

Bank

of

Kuwait

KSC

$

278,941

18,095

National

Industries

Group

Holding

12,943

Total

546,530

Luxembourg

(<0.1%)

1,028

Reinet

Investments

SCA

24,871

Total

24,871

Malaysia

(0.4%)

40,900

Hong

Leong

Bank

Bhd

167,299

16,000

IOI

Corporation

Bhd

13,362

4,300

Petronas

Dagangan

Bhd

19,533

55,896

Sports

Toto

Bhd

16,416

13,500

Ta

Ann

Holdings

Bhd

11,416

58,200

YTL

Corporation

Bhd

32,102

Total

260,128

Mexico

(1.9%)

1,242

America

Movil

SAB

de

CV

ADR

23,176

5,600

Arca

Continental

SAB

de

CV

61,122

18,445

Cemex

SAB

de

CV

ADR

a

166,189

3,612

Coca-Cola

FEMSA

SAB

de

CV

ADR

351,086

637

Fomento

Economico

Mexicano

SAB

de

CV

ADR

82,982

14,210

Grupo

Financiero

Banorte

SAB

de

CV

ADR

150,755

36,900

Grupo

Mexico

SAB

de

CV

217,811

56,900

Megacable

Holdings

SAB

de

CV

158,195

14,800

Wal-Mart

de

Mexico

SAB

de

CV

59,647

Total

1,270,963

Netherlands

(<0.1%)

3,777

NEPI

Rockcastle

NV

26,084

Total

26,084

Philippines

(0.1%)

2,680

SM

Investments

Corporation

46,370

Total

46,370

Poland

(1.7%)

6,474

Asseco

Poland

SA

125,588

4,715

Bank

Polska

Kasa

Opieki

SA

214,267

275

Budimex

SA

48,194

2,481

KGHM

Polska

Miedz

SA

70,855

565

Orlen

SA

9,203

20,742

Powszechna

Kasa

Oszczednosci

Bank

Polski

SA

307,764

28,695

Powszechny

Zaklad

Ubezpieczen

SA

350,473

Total

1,126,344

Qatar

(0.4%)

125,944

Commercial

Bank

PSQC

a

170,704

21,831

Doha

Bank

QPSC

8,940

9,364

Gulf

Warehousing

Company

8,371

30,540

Masraf

Al

Rayan

QSC

19,913

3,886

Qatar

International

Islamic

Bank

QSC

a

11,665

11,100

Qatar

National

Bank

QPSC

43,290

Total

262,883

Russian

Federation

(<0.1%)

22,154

LUKOIL

PJSC

a,d,e

0

78,093

NovaTek

PJSC

a,d,e

0

Shares

Common

Stock

(97.6%)

Value

Russian

Federation

(<0.1%)

-

continued

136,926

Sberbank

of

Russia

PJSC

a,d,e

$

0

Total

0

Saudi

Arabia

(3.1%)

34,140

Al

Rajhi

Bank

756,837

13,330

Arab

National

Bank

105,068

2,630

Dr.

Sulaiman

Al

Habib

Medical

Services

Group

Company

219,804

1,908

Eastern

Province

Cement

Company

17,984

35,165

Jarir

Marketing

Company

137,834

1,260

SABIC

Agri-Nutrients

Company

41,198

24,479

Saudi

Arabian

Oil

Company

b

200,790

991

Saudi

Aramco

Base

Oil

Company

44,253

501

Saudi

Basic

Industries

Corporation

10,434

32,511

Saudi

National

Bank

353,850

18,917

Saudi

Telecom

Company

199,701

Total

2,087,753

South

Africa

(2.0%)

18,648

Absa

Group,

Ltd.

145,591

31,235

AECI,

Ltd.

153,409

13,633

Aspen

Pharmacare

Holdings,

Ltd.

157,910

3,039

Barloworld,

Ltd.

9,791

4,412

Coronation

Fund

Managers,

Ltd.

7,042

32,472

DataTec,

Ltd.

64,952

3,191

Exxaro

Resources,

Ltd.

28,470

21,036

FirstRand,

Ltd.

68,542

2,645

Gold

Fields,

Ltd.

ADR

42,029

6,423

Kumba

Iron

Ore,

Ltd.

156,767

9,227

Momentum

Metropolitan

Holdings

9,899

1,188

Naspers,

Ltd.

210,600

10,830

Sasol,

Ltd.

83,693

22,681

Standard

Bank

Group

221,828

5,090

Super

Group,

Ltd.

6,907

Total

1,367,430

South

Korea

(9.7%)

1,069

Caregen

Company,

Ltd.

18,110

212

Celltrion,

Inc.

28,950

871

CJ

Corporation

a

79,014

3,295

Green

Cross

Holdings

Corporation

42,473

9,803

GS

Holdings

Corporation

352,781

607

Hanmi

Pharm

Company,

Ltd.

154,244

8,168

Hanon

Systems

36,301

2,323

HD

Hyundai

Company,

Ltd.

118,879

1,232

Hyundai

Motor

Company

216,793

173

Korea

Zinc

Company,

Ltd.

58,384

6,332

KT

Corporation

178,595

2,104

KT&G

Corporation

146,440

172

LG

Chem,

Ltd.

56,297

5,135

LG

Uplus

Corporation

38,324

2,581

Lotte

Shopping

Company,

Ltd.

141,016

1,678

NAVER

Corporation

233,121

255

NCSoft

Corporation

39,009

17,763

NH

Investment

&

Securities

Company,

Ltd.

a

155,682

1,861

PharmaResearch

Company,

Ltd.

137,225

1,020

POSCO

Holdings,

Inc.

319,493

331

Samsung

Biologics

Company,

Ltd.

a,b

204,864

2,934

Samsung

C&T

Corporation

348,909

39,645

Samsung

Electronics

Company,

Ltd.

2,382,566

4

Samsung

SDI

Company,

Ltd.

1,419

Emerging

Markets

Equity

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

83

Shares

Common

Stock

(97.6%)

Value

South

Korea

(9.7%)

-

continued

2,395

Samsung

Securities

Corporation,

Ltd.

$

72,422

5,053

SD

Biosensor,

Inc.

44,424

613

SK

Biopharmaceuticals

Company,

Ltd.

a

42,122

3,511

SK

Hynix,

Inc.

465,121

854

SK,

Inc.

115,847

4,835

Yuhan

Corporation

277,978

Total

6,506,803

Taiwan

(19.1%)

11,316

ASE

Technology

Holding

Company,

Ltd.

ADR

124,363

64,000

Asia

Cement

Corporation

81,875

7,000

Asustek

Computer,

Inc.

92,669

161,000

Capital

Securities

Corporation

95,349

95,000

Cathay

Financial

Holding

Company,

Ltd.

143,163

59,000

Chang

Hwa

Commercial

Bank,

Ltd.

33,454

190,000

Cheng

Shin

Rubber

Industry

Company,

Ltd.

294,942

8,000

Chicony

Electronics

Company,

Ltd.

55,327

3,000

Chicony

Power

Technology

Company,

Ltd.

16,587

9,000

China

Steel

Chemical

Corporation

34,725

91,000

Chipbond

Technology

Corporation

221,542

845

Chunghwa

Telecom

Company,

Ltd.

ADR

33,073

84,000

Compal

Electronics,

Inc.

100,605

22,000

Delta

Electronics,

Inc.

235,463

6,000

Elan

Microelectronics

Corporation

30,091

66,000

Feng

Hsin

Steel

Company,

Ltd.

146,215

11,000

Getac

Holdings

Corporation

45,716

99,000

Hon

Hai

Precision

Industry

Company,

Ltd.

480,848

248,000

Inventec

Corporation

453,867

68,000

Lite-On

Technology

Corporation

225,416

19,000

MediaTek,

Inc.

688,452

2,000

Micro-Star

International

Company,

Ltd.

10,437

167,000

Nan

Ya

Plastics

Corporation

287,301

4,000

Novatek

Microelectronics

Corporation

73,639

175,000

Pegatron

Corporation

544,822

69,000

Pou

Chen

Corporation

78,108

6,000

Powertech

Technology,

Inc.

37,660

6,000

President

Chain

Store

Corporation

49,754

45,000

Quanta

Computer,

Inc.

394,064

9,000

Radiant

Opto-Electronics

Corporation

48,482

14,000

Realtek

Semiconductor

Corporation

243,799

5,000

Sigurd

Microelectronics

Corporation

11,246

18,000

Sino-American

Silicon

Products,

Inc.

120,960

21,000

Supreme

Electronics

Company,

Ltd.

48,561

52,000

Synnex

Technology

International

Corporation

127,305

15,000

Systex

Corporation

55,558

170,646

Taichung

Commercial

Bank

Company,

Ltd.

90,908

222,900

Taiwan

Cooperative

Financial

Holding

Company,

Ltd.

180,929

6,000

Taiwan

Fertilizer

Company,

Ltd.

11,869

Shares

Common

Stock

(97.6%)

Value

Taiwan

(19.1%)

-

continued

4,000

Taiwan

Secom

Company,

Ltd.

$

15,181

223,499

Taiwan

Semiconductor

Manufacturing

Company,

Ltd.

5,354,190

33,704

Topco

Scientific

Company,

Ltd.

230,136

3,000

TTY

Biopharm

Company,

Ltd.

7,340

193,000

Uni-President

Enterprises

Corporation

460,562

19,000

USI

Corporation

9,469

9,000

Wistron

Corporation

33,904

16,000

WPG

Holdings,

Ltd.

48,006

593,840

Yuanta

Financial

Holding

Company,

Ltd.

558,742

Total

12,766,674

Thailand

(0.1%)

52,300

Central

Pattana

pcl

NVDR

90,082

Total

90,082

Turkey

(0.7%)

9,727

Eregli

Demir

ve

Celik

Fabrikalari

TAS

a

12,672

42,871

KOC

Holding

AS

a

269,713

23,759

Turk

Hava

Yollari

Anonim

Ortakligi

a

218,811

Total

501,196

United

Arab

Emirates

(2.2%)

33,315

Abu

Dhabi

Commercial

Bank

PJSC

76,205

5,962

Abu

Dhabi

Islamic

Bank

PJSC

17,729

173,143

Deyaar

Development

PJSC

a

38,143

242,037

Dubai

Islamic

Bank

PJSC

384,913

223,926

Emaar

Properties

PJSC

496,970

94,315

Emirates

NBD

Bank

PJSC

444,319

Total

1,458,279

United

States

(0.5%)

9,232

Yum

China

Holding,

Inc.

367,341

Total

367,341

Total

Common

Stock

(cost

$58,508,131)

65,298,831

Shares

Preferred

Stock

(

1.3%

)

Brazil

(0.1%)

74,200

Companhia

de

Sanena

Do

Parana

77,227

Total

77,227

South

Korea

(1.2%)

1,239

Hyundai

Motor

Company,

2nd

Preferred

144,398

1,691

Hyundai

Motor

Company,

Preferred

198,681

8,760

Samsung

Electronics

Company,

Ltd.

437,231

Total

780,310

Total

Preferred

Stock

(cost

$729,423)

857,537

Emerging

Markets

Equity

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

84

Shares

or

Principal

Amount

Short-Term

Investments

(

<0.1%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

100,000

5.210%,

 4/10/2024

f,g

$

99,813

Total

Short-Term

Investments

(cost

$99,826)

99,813

Total

Investments

(cost

$59,337,380)

99.0%

$

66,256,181

Other

Assets

and

Liabilities,

Net

1.0%

648,121

Total

Net

Assets

100.0%

$66,904,302

a

Non-income

producing

security.

b

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

March

28,

2024,

the

value

of

these

investments

was

$2,283,338

or

3.4%

of

total

net

assets.

c

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

d

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

e

Pursuant

to

sanctions

related

to

the

Russian

invasion

of

Ukraine

which

restricts

the

ability

of

Russia

and

its

allied

nations

to

make

payments

on

its

dollar-denominated

sovereign

debt

and

equity,

existing

accruals

on

these

securities

have

been

reserved

and

income

is

currently

not

being

accrued.

f

The

interest

rate

shown

reflects

the

yield.

g

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

Bhd

-

Berhad

-

suffix

used

in

Malaysia

to

identify

a

Public

Limited

Company

NVDR

-

Non-Voting

Depository

Receipts

pcl

-

Public

Company

Limited

plc

-

Public

Limited

Company

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Emerging

Markets

Equity

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

4,841,985

502,627

4,339,358

–

Consumer

Discretionary

8,329,762

1,370,332

6,959,430

–

Consumer

Staples

2,174,418

434,068

1,740,350

–

Energy^

3,571,424

207,540

3,363,884

0

Financials^

15,126,930

1,196,211

13,930,719

0

Health

Care

2,567,361

–

2,567,361

–

Industrials

3,298,999

–

3,298,999

–

Information

Technology

17,215,670

614,515

16,601,155

–

Materials

5,602,258

914,020

4,688,238

–

Real

Estate

1,824,455

–

1,824,455

–

Utilities

745,569

197,073

548,496

–

Preferred

Stock

Consumer

Discretionary

343,079

–

343,079

–

Information

Technology

437,231

–

437,231

–

Utilities

77,227

–

77,227

–

Short-Term

Investments

99,813

–

99,813

–

Subtotal

Investments

in

Securities

$66,256,181

$5,436,386

$60,819,795

$0

Total

Investments

at

Value

$66,256,181

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.

^Level

3

security

in

this

section

is

fair

valued

at

<$1.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Emerging

Markets

Equity

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

310

310

–

–

Total

Asset

Derivatives

$310

$310

$–

$–

Emerging

Markets

Equity

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

85

Reference

Description:

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

The

following

table

presents

Emerging

Markets

Equity

Portfolio's

futures

contracts

held

as

of

March

28,

2024.

Investments

and/or

cash

totaling

$99,813

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

ICE

US

mini

MSCI

Emerging

Markets

Index

60

June

2024

$

3,146,690

$

310

Total

Futures

Long

Contracts

$

3,146,690

$

310

Total

Futures

Contracts

$

3,146,690

$310

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Emerging

Markets

Equity

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$391

$2,884

$3,275

$–

–

–

Total

Affiliated

Short-Term

Investments

391

–

–

Total

Value

$391

$–

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590

%

$–

$–

$

–

$3

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$3

Total

Value

$–

$–

$

–

ESG

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

86

Shares

Common

Stock

(

93.4%

)

Value

Communications

Services

(8.2%)

10,935

Alphabet,

Inc.,

Class

A

a

$

1,650,420

9,520

Alphabet,

Inc.,

Class

C

a

1,449,515

8

Cable

One,

Inc.

3,385

472

Electronic

Arts,

Inc.

62,620

81

John

Wiley

and

Sons,

Inc.

3,089

341

Liberty

Global,

Ltd.,

Class

C

a

6,015

1,699

Lumen

Technologies,

Inc.

a

2,651

287

New

York

Times

Company

12,404

365

Omnicom

Group,

Inc.

35,317

54

Scholastic

Corporation

2,036

7,768

Verizon

Communications,

Inc.

325,945

3,388

Walt

Disney

Company

414,556

4,255

Warner

Brothers

Discovery,

Inc.

a

37,146

519

ZoomInfo

Technologies,

Inc.

a

8,320

Total

4,013,419

Consumer

Discretionary

(8.0%)

522

Aptiv

plc

a

41,577

457

Aramark

14,862

148

Autoliv,

Inc.

17,824

51

AutoNation,

Inc.

a

8,445

362

Best

Buy

Company,

Inc.

29,695

64

Booking

Holdings,

Inc.

232,184

432

BorgWarner,

Inc.

15,008

57

Buckle,

Inc.

2,295

217

Capri

Holdings,

Ltd.

a

9,830

296

CarMax,

Inc.

a

25,785

60

Choice

Hotels

International,

Inc.

7,581

66

Columbia

Sportswear

Company

5,358

222

Darden

Restaurants,

Inc.

37,107

48

Deckers

Outdoor

Corporation

a

45,180

64

Domino's

Pizza,

Inc.

31,800

40

Ethan

Allen

Interiors,

Inc.

1,383

160

Foot

Locker,

Inc.

4,560

506

GameStop

Corporation

a,b

6,335

410

Gap,

Inc.

11,295

282

Garmin,

Ltd.

41,981

647

Hanesbrands,

Inc.

a

3,753

244

Harley-Davidson,

Inc.

10,673

242

Hasbro,

Inc.

13,678

474

Hilton

Worldwide

Holdings,

Inc.

101,109

1,839

Home

Depot,

Inc.

705,440

40

Jack

in

the

Box,

Inc.

2,739

215

Kohl's

Corporation

6,267

81

La-Z-Boy,

Inc.

3,047

493

LKQ

Corporation

26,331

1,063

Lowe's

Companies,

Inc.

270,778

1,679

Lucid

Group,

Inc.

a,b

4,785

461

Marriott

International,

Inc./MD

116,315

643

Mattel,

Inc.

a

12,738

1,340

McDonald's

Corporation

377,813

67

Meritage

Homes

Corporation

11,756

96

Mohawk

Industries,

Inc.

a

12,565

725

Newell

Brands,

Inc.

5,822

2,249

NIKE,

Inc.

211,361

202

Nordstrom,

Inc.

4,095

67

ODP

Corporation

a

3,554

72

Pool

Corporation

29,052

112

PVH

Corporation

15,748

1,216

Rivian

Automotive,

Inc.

a,b

13,315

450

Royal

Caribbean

Cruises,

Ltd.

a

62,555

79

Signet

Jewelers,

Ltd.

7,906

2,092

Starbucks

Corporation

191,188

5,286

Tesla,

Inc.

a

929,226

Shares

Common

Stock

(93.4%)

Value

Consumer

Discretionary

(8.0%)

-

continued

257

Topgolf

Callaway

Brands

Corporation

a

$

4,156

200

Tractor

Supply

Company

52,344

90

Ulta

Beauty,

Inc.

a

47,059

344

Under

Armour,

Inc.,

Class

A

a

2,539

318

Under

Armour,

Inc.,

Class

C

a

2,271

70

Vail

Resorts,

Inc.

15,598

613

VF

Corporation

9,403

100

Whirlpool

Corporation

11,963

113

Williams-Sonoma,

Inc.

35,881

149

Wolverine

World

Wide,

Inc.

1,670

Total

3,926,578

Consumer

Staples

(6.0%)

990

Archer-Daniels-Midland

Company

62,182

268

Bunge

Global

SA

27,475

359

Campbell

Soup

Company

15,958

454

Church

&

Dwight

Company,

Inc.

47,357

229

Clorox

Company

35,062

7,587

Coca-Cola

Company

464,173

1,445

Colgate-Palmolive

Company

130,122

886

Conagra

Brands,

Inc.

26,261

300

Darling

Ingredients,

Inc.

a

13,953

427

Estee

Lauder

Companies,

Inc.

65,822

1,049

General

Mills,

Inc.

73,399

172

Hain

Celestial

Group,

Inc.

a

1,352

550

Hormel

Foods

Corporation

19,189

120

Ingredion,

Inc.

14,022

196

J.M.

Smucker

Company

24,671

506

Kellanova

28,989

1,936

Keurig

Dr

Pepper,

Inc.

59,377

623

Kimberly-Clark

Corporation

80,585

1,586

Kraft

Heinz

Company

58,523

1,259

Kroger

Company

71,927

269

Lamb

Weston

Holdings,

Inc.

28,657

464

McCormick

&

Company,

Inc.

35,640

2,518

Mondelez

International,

Inc.

176,260

2,541

PepsiCo,

Inc.

444,700

4,355

Procter

&

Gamble

Company

706,599

936

Sysco

Corporation

75,984

850

Target

Corporation

150,628

103

United

Natural

Foods,

Inc.

a

1,183

Total

2,940,050

Energy

(1.5%)

1,859

Baker

Hughes

Company

62,277

440

Cheniere

Energy,

Inc.

70,963

87

Core

Laboratories,

Inc.

1,486

1,665

Halliburton

Company

65,634

295

HF

Sinclair

Corporation

17,809

702

Marathon

Petroleum

Corporation

141,453

715

NOV,

Inc.

13,957

1,075

ONEOK,

Inc.

86,183

813

Phillips

66

132,795

814

TechnipFMC

plc

20,440

629

Valero

Energy

Corporation

107,364

Total

720,361

Financials

(11.2%)

485

Allstate

Corporation

83,910

499

Ally

Financial,

Inc.

20,254

1,077

American

Express

Company

245,222

187

Ameriprise

Financial,

Inc.

81,988

398

Arthur

J.

Gallagher

&

Company

99,516

73

Bank

of

Hawaii

Corporation

4,554

ESG

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

87

Shares

Common

Stock

(93.4%)

Value

Financials

(11.2%)

-

continued

1,403

Bank

of

New

York

Mellon

Corporation

$

80,841

275

BlackRock,

Inc.

229,267

130

Cathay

General

Bancorp

4,918

2,782

Charles

Schwab

Corporation

201,250

754

Chubb,

Ltd.

195,384

872

Citizens

Financial

Group,

Inc.

31,645

664

CME

Group,

Inc.

142,953

241

Comerica,

Inc.

13,253

462

Discover

Financial

Services

60,564

625

Equitable

Holdings,

Inc.

23,756

70

FactSet

Research

Systems,

Inc.

31,807

1,096

Fidelity

National

Information

Services,

Inc.

81,301

558

Franklin

Resources,

Inc.

15,685

556

Hartford

Financial

Services

Group,

Inc.

57,296

2,666

Huntington

Bancshares,

Inc./OH

37,191

1,057

Intercontinental

Exchange,

Inc.

145,264

100

International

Bancshares

Corporation

5,614

637

Invesco,

Ltd.

10,568

1,718

KeyCorp

27,162

302

Lincoln

National

Corporation

9,643

354

Loews

Corporation

27,715

306

M&T

Bank

Corporation

44,505

70

MarketAxess

Holdings,

Inc.

15,347

913

Marsh

&

McLennan

Companies,

Inc.

188,060

1,547

Mastercard,

Inc.

744,989

305

Moody's

Corporation

119,874

2,274

Morgan

Stanley

214,120

638

Nasdaq,

Inc.

40,258

384

Northern

Trust

Corporation

34,145

545

Old

National

Bancorp

9,488

1,892

PayPal

Holdings,

Inc.

a

126,745

736

PNC

Financial

Services

Group,

Inc.

118,938

446

Principal

Financial

Group,

Inc.

38,494

1,081

Progressive

Corporation

223,572

670

Prudential

Financial,

Inc.

78,658

1,729

Regions

Financial

Corporation

36,378

599

S&P

Global,

Inc.

254,845

570

State

Street

Corporation

44,072

772

Synchrony

Financial

33,289

415

T.

Rowe

Price

Group,

Inc.

50,597

423

Travelers

Companies,

Inc.

97,349

2,464

Truist

Financial

Corporation

96,047

2,925

Visa,

Inc.

816,309

195

Voya

Financial,

Inc.

14,414

691

Western

Union

Company

9,660

191

Willis

Towers

Watson

plc

52,525

280

Zions

Bancorp

NA

12,152

Total

5,483,351

Health

Care

(9.5%)

3,262

AbbVie,

Inc.

594,010

540

Agilent

Technologies,

Inc.

78,575

134

Align

Technology,

Inc.

a

43,941

988

Amgen,

Inc.

280,908

536

Becton,

Dickinson

and

Company

132,633

267

Biogen,

Inc.

a

57,573

346

BioMarin

Pharmaceutical,

Inc.

a

30,220

288

Bio-Techne

Corporation

20,272

3,760

Bristol-Myers

Squibb

Company

203,905

Shares

Common

Stock

(93.4%)

Value

Health

Care

(9.5%)

-

continued

455

Cardinal

Health,

Inc.

$

50,914

317

Cencora,

Inc.

77,028

987

Centene

Corporation

a

77,460

541

Cigna

Group

196,486

364

Cooper

Companies,

Inc.

36,931

1,296

Danaher

Corporation

323,637

101

DaVita,

Inc.

a

13,943

392

Dentsply

Sirona,

Inc.

13,010

713

Dexcom,

Inc.

a

98,893

1,118

Edwards

Lifesciences

Corporation

a

106,836

434

Elevance

Health,

Inc.

225,046

2,304

Gilead

Sciences,

Inc.

168,768

371

HCA

Healthcare,

Inc.

123,740

242

Henry

Schein,

Inc.

a

18,276

443

Hologic,

Inc.

a

34,536

227

Humana,

Inc.

78,705

153

IDEXX

Laboratories,

Inc.

a

82,609

290

Illumina,

Inc.

a

39,823

129

Insulet

Corporation

a

22,111

338

IQVIA

Holding,

Inc.

a

85,477

111

Jazz

Pharmaceuticals,

Inc.

a

13,367

157

Laboratory

Corporation

of

America

Holdings

34,298

4,682

Merck

&

Company,

Inc.

617,790

40

Mettler-Toledo

International,

Inc.

a

53,252

160

Patterson

Companies,

Inc.

4,424

143

Pediatrix

Medical

Group,

Inc.

a

1,434

206

Quest

Diagnostics,

Inc.

27,421

270

ResMed,

Inc.

53,468

199

Select

Medical

Holdings

Corporation

6,000

183

STERIS

plc

41,142

296

Teladoc

Health,

Inc.

a

4,470

477

Vertex

Pharmaceuticals,

Inc.

a

199,391

109

Waters

Corporation

a

37,521

136

West

Pharmaceutical

Services,

Inc.

53,817

387

Zimmer

Biomet

Holdings,

Inc.

51,076

850

Zoetis,

Inc.

143,829

Total

4,658,966

Industrials

(8.8%)

1,021

3M

Company

108,298

227

A.O.

Smith

Corporation

20,307

158

ACCO

Brands

Corporation

886

57

Acuity

Brands,

Inc.

15,318

117

AGCO

Corporation

14,393

198

Air

Lease

Corporation

10,185

161

Allegion

plc

21,688

72

Applied

Industrial

Technologies,

Inc.

14,224

47

ArcBest

Corporation

6,698

89

ASGN,

Inc.

a

9,324

761

Automatic

Data

Processing,

Inc.

190,052

33

Avis

Budget

Group,

Inc.

4,041

217

Broadridge

Financial

Solutions,

Inc.

44,455

228

Builders

FirstSource,

Inc.

a

47,549

217

C.H.

Robinson

Worldwide,

Inc.

16,522

1,494

Carrier

Global

Corporation

86,846

942

Caterpillar,

Inc.

345,177

1,848

CNH

Industrial

NV

23,950

1,597

Copart,

Inc.

a

92,498

3,651

CSX

Corporation

135,343

262

Cummins,

Inc.

77,198

ESG

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

88

Shares

Common

Stock

(93.4%)

Value

Industrials

(8.8%)

-

continued

491

Deere

&

Company

$

201,673

293

Delta

Air

Lines,

Inc.

14,026

76

Deluxe

Corporation

1,565

259

Dover

Corporation

45,892

738

Eaton

Corporation

plc

230,758

88

EMCOR

Group,

Inc.

30,818

273

Expeditors

International

of

Washington,

Inc.

33,189

97

Exponent,

Inc.

8,021

1,060

Fastenal

Company

81,768

376

Ferguson

plc

82,130

240

Flowserve

Corporation

10,963

652

Fortive

Corporation

56,085

234

Fortune

Brands

Innovations,

Inc.

19,813

312

Graco,

Inc.

29,160

85

Granite

Construction,

Inc.

4,856

34

Heidrick

&

Struggles

International,

Inc.

1,144

78

HNI

Corporation

3,520

36

ICF

International,

Inc.

5,423

140

IDEX

Corporation

34,163

556

Illinois

Tool

Works,

Inc.

149,192

748

Ingersoll

Rand,

Inc.

71,023

107

Interface,

Inc.

1,800

153

JB

Hunt

Transport

Services,

Inc.

30,485

1,257

Johnson

Controls

International

plc

82,107

59

Kelly

Services,

Inc.

1,477

297

Knight-Swift

Transportation

Holdings,

Inc.

16,341

60

Lennox

International,

Inc.

29,326

106

Lincoln

Electric

Holdings,

Inc.

27,077

95

ManpowerGroup,

Inc.

7,376

414

Masco

Corporation

32,656

370

MDU

Resources

Group,

Inc.

9,324

99

Middleby

Corporation

a

15,918

418

Norfolk

Southern

Corporation

106,536

167

Owens

Corning,

Inc.

27,856

965

PACCAR,

Inc.

119,554

237

Parker-Hannifin

Corporation

131,722

101

Paycom

Software,

Inc.

20,100

307

Pentair

plc

26,230

268

Quanta

Services,

Inc.

69,626

57

Resources

Connection,

Inc.

750

201

Robert

Half,

Inc.

15,935

212

Rockwell

Automation,

Inc.

61,762

86

Ryder

System,

Inc.

10,336

289

Sensata

Technologies

Holding

plc

10,618

98

Snap-On,

Inc.

29,030

274

Southwest

Airlines

Company

7,998

282

Stanley

Black

&

Decker,

Inc.

27,616

143

Steelcase,

Inc.

1,870

33

Tennant

Company

4,013

99

Tetra

Tech,

Inc.

18,286

121

Timken

Company

10,579

421

Trane

Technologies

plc

126,384

353

TransUnion

28,169

62

TrueBlue,

Inc.

a

776

179

U-Haul

Holding

Company

11,936

1,126

Union

Pacific

Corporation

276,917

1,338

United

Parcel

Service,

Inc.

198,867

125

United

Rentals,

Inc.

90,139

83

W.W.

Grainger,

Inc.

84,436

332

Wabtec

Corporation

48,366

Shares

Common

Stock

(93.4%)

Value

Industrials

(8.8%)

-

continued

442

Xylem,

Inc.

$

57,124

Total

4,277,552

Information

Technology

(34.2%)

1,159

Accenture

plc

401,721

835

Adobe,

Inc.

a

421,341

2,984

Advanced

Micro

Devices,

Inc.

a

538,582

281

Akamai

Technologies,

Inc.

a

30,562

917

Analog

Devices,

Inc.

181,373

160

ANSYS,

Inc.

a

55,546

1,536

Applied

Materials,

Inc.

316,769

287

Atlassian

Corporation

a

55,997

396

Autodesk,

Inc.

a

103,126

502

Cadence

Design

Systems,

Inc.

a

156,263

7,508

Cisco

Systems,

Inc.

374,724

323

Cognex

Corporation

13,702

926

Cognizant

Technology

Solutions

Corporation

67,866

377

CommScope

Holding

Company,

Inc.

a

494

1,497

Corning,

Inc.

49,341

444

Dell

Technologies,

Inc.

50,665

112

F5,

Inc.

a

21,234

46

Fair

Isaac

Corporation

a

57,482

187

First

Solar,

Inc.

a

31,566

801

Flex,

Ltd.

a

22,917

1,206

Fortinet,

Inc.

a

82,382

1,061

Gen

Digital,

Inc.

23,766

145

Guidewire

Software,

Inc.

a

16,923

2,394

Hewlett

Packard

Enterprise

Company

42,446

1,739

HP,

Inc.

52,553

88

HubSpot,

Inc.

a

55,137

7,790

Intel

Corporation

344,084

1,687

International

Business

Machines

Corporation

322,149

517

Intuit,

Inc.

336,050

82

Itron,

Inc.

a

7,587

323

Keysight

Technologies,

Inc.

a

50,511

244

Lam

Research

Corporation

237,063

1,005

Microchip

Technology,

Inc.

90,158

13,046

Microsoft

Corporation

5,488,713

307

Motorola

Solutions,

Inc.

108,979

4,564

NVIDIA

Corporation

4,123,848

476

NXP

Semiconductors

NV

117,938

290

Okta,

Inc.

a

30,340

798

ON

Semiconductor

Corporation

a

58,693

3,047

Oracle

Corporation

382,734

219

PTC,

Inc.

a

41,378

143

RingCentral,

Inc.

a

4,968

197

Roper

Industries,

Inc.

110,485

1,789

Salesforce,

Inc.

538,811

365

Seagate

Technology

Holdings

plc

33,963

379

ServiceNow,

Inc.

a

288,950

297

Skyworks

Solutions,

Inc.

32,171

281

Synopsys,

Inc.

a

160,591

572

TE

Connectivity,

Ltd.

83,077

189

Teradata

Corporation

a

7,309

1,676

Texas

Instruments,

Inc.

291,976

455

Trimble,

Inc.

a

29,284

317

Twilio,

Inc.

a

19,385

386

Workday,

Inc.

a

105,281

216

Xerox

Holdings

Corporation

3,866

ESG

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

89

Shares

Common

Stock

(93.4%)

Value

Information

Technology

(34.2%)

-

continued

95

Zebra

Technologies

Corporation

a

$

28,637

Total

16,703,457

Materials

(2.5%)

410

Air

Products

and

Chemicals,

Inc.

99,331

216

Albemarle

Corporation

28,456

149

Avery

Dennison

Corporation

33,264

415

Axalta

Coating

Systems,

Ltd.

a

14,272

577

Ball

Corporation

38,867

63

Compass

Minerals

International,

Inc.

992

474

Ecolab,

Inc.

109,447

98

H.B.

Fuller

Company

7,814

470

International

Flavors

&

Fragrances,

Inc.

40,415

612

International

Paper

Company

23,880

896

Linde

plc

416,031

480

LyondellBasell

Industries

NV

49,094

63

Minerals

Technologies,

Inc.

4,743

613

Mosaic

Company

19,898

2,127

Newmont

Corporation

76,232

435

PPG

Industries,

Inc.

63,031

43

Radius

Recycling,

Inc.

909

267

Sealed

Air

Corporation

9,932

449

Sherwin-Williams

Company

155,951

184

Sonoco

Products

Company

10,642

Total

1,203,201

Real

Estate

(2.7%)

860

American

Tower

Corporation

169,927

211

Anywhere

Real

Estate,

Inc.

a

1,304

262

AvalonBay

Communities,

Inc.

48,617

273

Boston

Properties,

Inc.

17,830

563

CBRE

Group,

Inc.

a

54,746

206

COPT

Defense

Properties

4,979

800

Crown

Castle,

Inc.

84,664

559

Digital

Realty

Trust,

Inc.

80,518

173

Equinix,

Inc.

142,782

663

Equity

Residential

41,842

134

Federal

Realty

Investment

Trust

13,684

1,308

Healthpeak

Properties,

Inc.

24,525

1,306

Host

Hotels

&

Resorts,

Inc.

27,008

534

Iron

Mountain,

Inc.

42,832

88

Jones

Lang

LaSalle,

Inc.

a

17,168

383

Macerich

Company

6,599

148

PotlatchDeltic

Corporation

6,959

1,705

Prologis,

Inc.

222,025

199

SBA

Communications

Corporation

43,123

604

Simon

Property

Group,

Inc.

94,520

577

UDR,

Inc.

21,586

736

Ventas,

Inc.

32,046

1,023

Welltower,

Inc.

95,589

Total

1,294,873

Utilities

(0.8%)

359

American

Water

Works

Company,

Inc.

43,873

279

Atmos

Energy

Corporation

33,165

134

Avista

Corporation

4,693

538

CMS

Energy

Corporation

32,463

639

Consolidated

Edison,

Inc.

58,028

480

Essential

Utilities,

Inc.

17,784

643

Eversource

Energy

38,432

1,835

Exelon

Corporation

68,941

Shares

Common

Stock

(93.4%)

Value

Utilities

(0.8%)

-

continued

176

New

Jersey

Resources

Corporation

$

7,552

99

Ormat

Technologies,

Inc.

6,553

1,162

Sempra

83,466

388

UGI

Corporation

9,521

Total

404,471

Total

Common

Stock

(cost

$34,510,611)

45,626,279

Shares

Registered

Investment

Companies

(

5.7%

)

Value

U.S.

Unaffiliated  (5.7%)

27,617

iShares

MSCI

KLD

400

Social

ETF

2,784,070

Total

2,784,070

Total

Registered

Investment

Companies

(cost

$2,128,672)

2,784,070

Shares

Collateral

Held

for

Securities

Loaned

(

0.1%

)

Value

22,650

Thrivent

Cash

Management

Trust

22,650

Total

Collateral

Held

for

Securities

Loaned

(cost

$22,650)

22,650

Shares

or

Principal

Amount

Short-Term

Investments

(

0.2%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

100,000

5.210%,

5/21/2024

c,d

99,217

Total

Short-Term

Investments

(cost

$99,233)

99,217

Total

Investments

(cost

$36,761,166)

99.4%

$48,532,216

Other

Assets

and

Liabilities,

Net

0.6%

306,289

Total

Net

Assets

100.0%

$48,838,505

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

c

The

interest

rate

shown

reflects

the

yield.

d

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

ESG

Index

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Common

Stock

$

21,328

Total

lending

$21,328

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$22,650

Net

amounts

due

to

counterparty

$1,322

ESG

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

90

Definitions:

ETF

-

Exchange

Traded

Fund

plc

-

Public

Limited

Company

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

ESG

Index

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

4,013,419

4,013,419

–

–

Consumer

Discretionary

3,926,578

3,926,578

–

–

Consumer

Staples

2,940,050

2,940,050

–

–

Energy

720,361

720,361

–

–

Financials

5,483,351

5,483,351

–

–

Health

Care

4,658,966

4,658,966

–

–

Industrials

4,277,552

4,277,552

–

–

Information

Technology

16,703,457

16,703,457

–

–

Materials

1,203,201

1,203,201

–

–

Real

Estate

1,294,873

1,294,873

–

–

Utilities

404,471

404,471

–

–

Registered

Investment

Companies

U.S.

Unaffiliated

2,784,070

2,784,070

–

–

Short-Term

Investments

99,217

–

99,217

–

Subtotal

Investments

in

Securities

$48,509,566

$48,410,349

$99,217

$–

Other

Investments  *

Total

Collateral

Held

for

Securities

Loaned

22,650

Subtotal

Other

Investments

$22,650

Total

Investments

at

Value

$48,532,216

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

ESG

Index

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

10,470

10,470

–

–

Total

Asset

Derivatives

$10,470

$10,470

$–

$–

ESG

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

91

Reference

Description:

CME

-

Chicago

Mercantile

Exchange

S&P

-

Standard

&

Poor's

The

following

table

presents

ESG

Index

Portfolio's

futures

contracts

held

as

of

March

28,

2024.

Investments

and/or

cash

totaling

$99,217

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CME

Micro

E-mini

S&P

500

Index

18

June

2024

$

467,295

$

10,470

Total

Futures

Long

Contracts

$

467,295

$

10,470

Total

Futures

Contracts

$

467,295

$10,470

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

ESG

Index

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

–%

$272

$2,135

$2,407

$–

–

–

Total

Affiliated

Short-Term

Investments

272

–

–

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

17

120

114

23

23

0.1%

Total

Collateral

Held

for

Securities

Loaned

17

23

0.1

Total

Value

$289

$23

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

–%

$–

$–

$

–

$4

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$4

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

1

Total

Affiliated

Income

from

Securities

Loaned,

Net

$1

Total

Value

$–

$–

$

–

Global

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

92

Shares

Common

Stock

(

75.7%

)

Value

Communications

Services

(4.7%)

142,480

Alphabet,

Inc.,

Class

C

a

$

21,694,005

16,758

Altice

USA,

Inc.

a

43,738

5,758

AMC

Networks,

Inc.

a

69,844

393,937

Auto

Trader

Group

plc

b

3,478,819

2,102

Bandwidth,

Inc.

a

38,382

2,302

Bumble,

Inc.

a

26,128

40

Cable

One,

Inc.

16,925

15,800

Capcom

Company,

Ltd.

295,999

7,439

CAR

Group,

Ltd.

174,860

50,801

Cargurus,

Inc.

a

1,172,487

2,140

Cogeco

Communications,

Inc.

94,918

103,264

Comcast

Corporation

4,476,494

57

E.W.

Scripps

Company

a

224

5,527

Electronic

Arts,

Inc.

733,267

3,457

Emerald

Holding,

Inc.

a

23,542

2,229

Entravision

Communications

Corporation

3,656

12,183

iHeartMedia,

Inc.

a

25,462

44,652

Imax

Corporation

a

722,023

36,567

Integral

Ad

Science

Holding

Corporation

a

364,573

3,718

Interpublic

Group

of

Companies,

Inc.

121,318

7,698

Ipsos

SA

542,707

4,326

Iridium

Communications,

Inc.

113,168

4,100

Kakaku.com,

Inc.

49,739

87,700

KDDI

Corporation

2,593,001

9,248

Liberty

Global,

Ltd.,

Class

A

a

156,476

6,507

Liberty

Latin

America,

Ltd.,

Class

A

a

45,354

1,107

Live

Nation

Entertainment,

Inc.

a

117,087

48,888

Lumen

Technologies,

Inc.

a

76,265

1,774

Match

Group,

Inc.

a

64,361

41,679

Meta

Platforms,

Inc.

20,238,489

147,340

MFE-MediaForEurope

NV

382,525

44,820

Moneysupermarket.com

Group

plc

124,308

28,100

Nintendo

Company,

Ltd.

1,533,266

1,508,400

Nippon

Telegraph

and

Telephone

Corporation

1,796,660

685

Omnicom

Group,

Inc.

66,281

23,148

Pinterest,

Inc.

a

802,541

4,405

Playtika

Holding

Corporation

31,055

3,775

Publicis

Groupe

SA

411,554

29,144

QuinStreet,

Inc.

a

514,683

90,633

Rightmove

plc

628,201

3,740

Roku,

Inc.

a

243,736

11,321

Scout24

SE

b

852,908

2,166

Sinclair,

Inc.

29,176

38,900

SoftBank

Group

Corporation

2,310,091

1,923

TechTarget,

Inc.

a

63,613

4,440

Telephone

and

Data

Systems,

Inc.

71,129

14,649

Trade

Desk,

Inc.

a

1,280,616

43,700

TV

Asahi

Holdings

Corporation

603,236

149,256

Verizon

Communications,

Inc.

6,262,782

222,372

Warner

Brothers

Discovery,

Inc.

a

1,941,308

Total

77,522,980

Consumer

Discretionary

(8.4%)

117

Adient

plc

a

3,852

25,394

Amadeus

IT

Holding

SA

1,630,216

135,392

Amazon.com,

Inc.

a

24,422,009

856

American

Axle

&

Manufacturing

Holdings,

Inc.

a

6,300

11,895

American

Eagle

Outfitters,

Inc.

306,772

34,463

Aptiv

plc

a

2,744,978

Shares

Common

Stock

(75.7%)

Value

Consumer

Discretionary

(8.4%)

-

continued

143,888

Aristocrat

Leisure,

Ltd.

$

4,028,988

5,031

Autoliv,

Inc.

605,883

63,200

B&M

European

Value

Retail

SA

435,690

13,095

Bayerische

Motoren

Werke

AG

1,510,891

615

Beazer

Homes

USA,

Inc.

a

20,172

16,511

Berkeley

Group

Holdings

plc

991,987

1,463

Best

Buy

Company,

Inc.

120,010

756

Booking

Holdings,

Inc.

2,742,677

8,029

Boot

Barn

Holdings,

Inc.

a

763,959

2,791

Buckle,

Inc.

112,394

13

Cavco

Industries,

Inc.

a

5,188

7,988

Cedar

Fair,

LP

334,697

17,088

Cheesecake

Factory,

Inc.

617,731

409

Chipotle

Mexican

Grill,

Inc.

a

1,188,869

17,351

Columbia

Sportswear

Company

1,408,554

6,443

Compagnie

Generale

des

Etablissements

Michelin

SCA

246,918

180,947

Compass

Group

plc

5,307,648

2,013

Container

Store

Group,

Inc.

a

2,295

745

Coursera,

Inc.

a

10,445

1,510

Culp,

Inc.

a

7,248

16,559

D.R.

Horton,

Inc.

2,724,783

11,917

Dana,

Inc.

151,346

1,196

Darden

Restaurants,

Inc.

199,911

936

Deckers

Outdoor

Corporation

a

881,019

3,600

Denso

Corporation

68,946

7,245

Dollarama,

Inc.

551,926

7,865

Domino's

Pizza

Group

plc

34,172

1,135

DoorDash,

Inc.

a

156,312

49

Dorman

Products,

Inc.

a

4,723

61,265

eBay,

Inc.

3,233,567

500

El

Pollo

Loco

Holdings,

Inc.

a

4,870

1,540

Etsy,

Inc.

a

105,829

10,026

Everi

Holdings,

Inc.

a

100,761

21,711

Expedia

Group,

Inc.

a

2,990,690

900

Fast

Retailing

Company,

Ltd.

278,844

5,401

Five

Below,

Inc.

a

979,633

148

Fox

Factory

Holding

Corporation

a

7,706

12,463

Gap,

Inc.

343,356

19,421

Gentex

Corporation

701,487

2,777

Genuine

Parts

Company

430,241

4,442

Goodyear

Tire

&

Rubber

Company

a

60,989

3,089

Grand

Canyon

Education,

Inc.

a

420,753

2,086

Green

Brick

Partners,

Inc.

a

125,640

819

Harley-Davidson,

Inc.

35,823

15,300

Heiwa

Corporation

200,091

2,727

Hilton

Worldwide

Holdings,

Inc.

581,696

16,451

Home

Depot,

Inc.

6,310,604

168,300

Honda

Motor

Company,

Ltd.

2,082,492

9,819

Industria

de

Diseno

Textil

SA

494,450

27,451

InterContinental

Hotels

Group

plc

2,852,481

22,019

JB

Hi-Fi,

Ltd.

921,769

2,874

Kering

SA

1,138,347

4,170

Kohl's

Corporation

121,556

11,707

Laureate

Education,

Inc.

170,571

1,175

La-Z-Boy,

Inc.

44,204

8,409

Lear

Corporation

1,218,296

2,243

Leggett

&

Platt,

Inc.

42,953

1,190

Lennar

Corporation

204,656

10,169

LKQ

Corporation

543,126

422,406

Lottery

Corporation,

Ltd.

1,416,579

17,233

Lowe's

Companies,

Inc.

4,389,762

2,144

Lululemon

Athletica,

Inc.

a

837,554

Global

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

93

Shares

Common

Stock

(75.7%)

Value

Consumer

Discretionary

(8.4%)

-

continued

3,645

LVMH

Moet

Hennessy

Louis

Vuitton

SE

$

3,279,769

293

M/I

Homes,

Inc.

a

39,933

32

Marriott

Vacations

Worldwide

Corporation

3,447

2,696

Meritage

Homes

Corporation

473,040

23,460

Mobileye

Global,

Inc.

a

754,239

7,656

Modine

Manufacturing

Company

a

728,775

2,524

Mohawk

Industries,

Inc.

a

330,366

7,043

Moncler

SPA

525,556

23,520

Next

plc

2,741,593

3,957

Nordstrom,

Inc.

80,208

138

NVR,

Inc.

a

1,117,795

34,300

Oriental

Land

Company,

Ltd.

1,098,825

66,300

Panasonic

Holdings

Corporation

632,752

15,204

Pandora

AS

2,454,017

30,999

Pearson

plc

408,178

2,160

Polaris,

Inc.

216,259

2,349

Pool

Corporation

947,822

4,902

Premier

Investments,

Ltd.

104,795

10,262

PUMA

SE

464,421

31,694

Qurate

Retail,

Inc.

a

38,984

1,213

Ralph

Lauren

Corporation

227,753

3,111

Ross

Stores,

Inc.

456,570

47,600

Sekisui

Chemical

Company,

Ltd.

696,417

30,500

Sekisui

House,

Ltd.

694,719

294

Shake

Shack,

Inc.

a

30,585

4,117

Signet

Jewelers,

Ltd.

411,988

13,359

Six

Flags

Entertainment

Corporation

a

351,609

13,954

Skyline

Champion

Corporation

a

1,186,230

20,300

Sony

Group

Corporation

1,740,740

37,552

Sony

Group

Corporation

ADR

c

3,219,708

171,859

Stellantis

NV

4,882,365

24,803

Stoneridge,

Inc.

a

457,367

8,426

Tapestry,

Inc.

400,066

32,119

Tesla,

Inc.

a

5,646,199

4,728

Texas

Roadhouse,

Inc.

730,334

31,834

ThredUp,

Inc.

a

63,668

2,300

TOMY

Company,

Ltd.

42,003

282

TopBuild

Corporation

a

124,286

210,600

Toyota

Motor

Corporation

5,322,909

7,382

Travel

+

Leisure

Company

361,423

10

Ulta

Beauty,

Inc.

a

5,229

2,867

United

Parks

&

Resorts,

Inc.

a

161,154

3,050

Upbound

Group,

Inc.

107,391

6,146

Urban

Outfitters,

Inc.

a

266,859

119

Vail

Resorts,

Inc.

26,517

172

Visteon

Corporation

a

20,229

10,395

Wendy's

Company

195,842

11,605

Wesfarmers,

Ltd.

517,290

19,464

Whitbread

plc

813,749

551

Wingstop,

Inc.

201,886

8,387

Wyndham

Hotels

&

Resorts,

Inc.

643,702

244

XPEL,

Inc.

a

13,181

126,500

Yamada

Holdings

Company,

Ltd.

366,457

30,090

Yum

China

Holding,

Inc.

1,197,281

44,600

ZOZO,

Inc.

1,106,964

Total

136,872,329

Consumer

Staples

(4.5%)

3,100

Ain

Holdings,

Inc.

111,655

104,676

Alimentation

Couche-Tard,

Inc.

5,974,310

541

Archer-Daniels-Midland

Company

33,980

10,300

Arcs

Company,

Ltd.

212,713

Shares

Common

Stock

(75.7%)

Value

Consumer

Staples

(4.5%)

-

continued

2,852

BellRing

Brands,

Inc.

a

$

168,354

36,452

BJ's

Wholesale

Club

Holdings,

Inc.

a

2,757,594

21,793

Carlsberg

AS

2,984,446

2,568

Casey's

General

Stores,

Inc.

817,780

19,660

Celsius

Holdings,

Inc.

a

1,630,207

26,448

Coca-Cola

European

Partners

plc

1,850,038

224,343

Coty,

Inc.

a

2,683,142

34,363

Danone

SA

2,221,398

1,033

Darling

Ingredients,

Inc.

a

48,045

5,320

Dollar

Tree,

Inc.

a

708,358

5,715

e.l.f.

Beauty,

Inc.

a

1,120,311

1,713

Flowers

Foods,

Inc.

40,684

1,235

George

Weston,

Ltd.

166,858

9,789

GrainCorp,

Ltd.

52,554

189

Hershey

Company

36,760

60,085

Imperial

Brands

plc

1,343,175

9,090

J

&

J

Snack

Foods

Corporation

1,314,050

3,211

J.M.

Smucker

Company

404,169

47,000

Japan

Tobacco,

Inc.

1,253,111

139,951

Kenvue,

Inc.

3,003,348

11,083

Kesko

Oyj

207,186

142,551

Koninklijke

Ahold

Delhaize

NV

4,265,396

3,156

Kroger

Company

180,302

39,144

Lamb

Weston

Holdings,

Inc.

4,170,010

6,254

Lancaster

Colony

Corporation

1,298,518

66

Lindt

&

Spruengli

AG

789,943

13,337

Loblaw

Companies,

Ltd.

1,477,896

185

McCormick

&

Company,

Inc.

14,210

33,876

Metro,

Inc./CN

1,818,658

29,678

Nestle

SA

3,153,286

61,914

Philip

Morris

International,

Inc.

5,672,561

339

PriceSmart,

Inc.

28,476

129,300

Seven

&

I

Holdings

Company,

Ltd.

1,884,662

66,946

Sysco

Corporation

5,434,676

246,877

Tesco

plc

924,670

25,059

Unilever

plc

1,258,006

156,099

Walmart,

Inc.

9,392,477

213,000

WH

Group,

Ltd.

b

140,597

27,600

Yakult

Honsha

Company,

Ltd.

564,102

Total

73,612,672

Energy

(4.2%)

10,164

Ampol,

Ltd.

263,656

798

Archrock,

Inc.

15,697

16,826

Baker

Hughes

Company

563,671

1,031

Cactus,

Inc.

51,643

1,453

California

Resources

Corporation

80,060

1,498

ChampionX

Corporation

53,763

7,859

Chesapeake

Energy

Corporation

698,115

45,724

ConocoPhillips

5,819,751

28,075

Coterra

Energy,

Inc.

782,731

1,517

CVR

Energy,

Inc.

54,096

88,770

Devon

Energy

Corporation

4,454,479

415,800

Eneos

Holdings,

Inc.

2,003,263

218,541

Eni

SPA

3,460,397

165,440

Enterprise

Products

Partners,

LP

4,827,539

36,655

Equinor

ASA

982,882

6,075

Expro

Group

Holdings

NV

a

121,318

55,987

Exxon

Mobil

Corporation

6,507,929

64,108

Galp

Energia

SGPS

SA

1,059,861

1,544

Gulfport

Energy

Corporation

a

247,225

146,052

Halliburton

Company

5,757,370

7,081

Helmerich

&

Payne,

Inc.

297,827

564

International

Seaways,

Inc.

30,005

Global

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

94

Shares

Common

Stock

(75.7%)

Value

Energy

(4.2%)

-

continued

10,765

Koninklijke

Vopak

NV

$

415,172

9,469

Liberty

Energy,

Inc.

196,198

1,995

Magnolia

Oil

&

Gas

Corporation

51,770

11,711

Marathon

Oil

Corporation

331,890

17,546

Marathon

Petroleum

Corporation

3,535,519

15,076

Matador

Resources

Company

1,006,624

3,861

Murphy

Oil

Corporation

176,448

8,669

Noble

Corporation

plc

420,360

8,034

NOV,

Inc.

156,824

7,553

Ovintiv,

Inc.

392,001

6,543

Par

Pacific

Holdings,

Inc.

a

242,483

1,766

Patterson-UTI

Energy,

Inc.

21,086

5,844

Phillips

66

954,559

24,751

Pioneer

Natural

Resources

Company

6,497,137

20,802

ProPetro

Holding

Corporation

a

168,080

82,871

Repsol

SA

1,383,222

268,764

Shell

plc

8,917,443

29,018

Shell

plc

ADR

1,945,367

7,448

SM

Energy

Company

371,283

1,151

Solaris

Oilfield

Infrastructure,

Inc.

9,979

61,409

TechnipFMC

plc

1,541,980

7,113

TETRA

Technologies,

Inc.

a

31,510

7,430

TotalEnergies

SE

511,107

2,793

U.S.

Silica

Holdings,

Inc.

a

34,661

5,387

Viper

Energy,

Inc.

207,184

4,592

Williams

Companies,

Inc.

178,950

Total

67,832,115

Financials

(12.7%)

1,185

1st

Source

Corporation

62,118

27,799

AB

Industrivarden,

Class

A

c

956,001

5,615

AB

Industrivarden,

Class

C

193,080

6,459

Allianz

SE

1,935,880

20,632

Allstate

Corporation

3,569,542

2,439

Amalgamated

Financial

Corporation

58,536

147

Amerant

Bancorp,

Inc.

3,424

14,293

American

Express

Company

3,254,373

60,807

American

International

Group,

Inc.

4,753,283

7,303

Ameriprise

Financial,

Inc.

3,201,927

398

Ameris

Bancorp

19,255

61

Apollo

Global

Management,

Inc.

6,859

3,314

Arthur

J.

Gallagher

&

Company

828,633

3,731

Artisan

Partners

Asset

Management,

Inc.

170,768

391

AssetMark

Financial

Holdings,

Inc.

a

13,845

1,036

Associated

Banc-Corp

22,284

611

Assurant,

Inc.

115,015

1,371

Assured

Guaranty,

Ltd.

119,620

273

Atlantic

Union

Bankshares

Corporation

9,640

47,626

Australia

and

New

Zealand

Banking

Group,

Ltd.

912,803

525

Axis

Capital

Holdings,

Ltd.

34,135

357

Axos

Financial,

Inc.

a

19,292

34,822

Azimut

Holding

SPA

946,652

2,316

Banca

Generali

SPA

92,029

1,981

Banca

IFIS

SPA

38,813

103,848

Banca

Mediolanum

SPA

1,141,392

415,947

Banco

Bilbao

Vizcaya

Argentaria

SA

c

4,953,320

777,749

Banco

Santander

SA

3,798,874

22,941

Bank

Hapoalim

BM

214,990

Shares

Common

Stock

(75.7%)

Value

Financials

(12.7%)

-

continued

66,334

Bank

Leumi

Le-Israel

BM

$

551,401

153,628

Bank

of

America

Corporation

5,825,574

106

Bank

of

Hawaii

Corporation

c

6,613

2,435

Bank

of

Marin

Bancorp

40,835

12,000

Bank

of

Montreal

1,171,607

84,317

Bank

of

New

York

Mellon

Corporation

4,858,346

19,371

Bank

of

Nova

Scotia

1,002,049

1,422

Bank

OZK

64,644

1,466

BankFinancial

Corporation

15,393

225

BankUnited,

Inc.

6,300

2,713

Banner

Corporation

130,224

171

Bar

Harbor

Bankshares

4,528

471

BayCom

Corporation

9,707

2,759

BCB

Bancorp,

Inc.

28,832

5,274

Berkshire

Hills

Bancorp,

Inc.

120,880

4,061

Block,

Inc.

a

343,479

23,086

Blue

Owl

Capital,

Inc.

435,402

116

BOK

Financial

Corporation

10,672

2,763

Brighthouse

Financial,

Inc.

a

142,405

3,041

BrightSpire

Capital,

Inc.

20,952

11,919

Brookline

Bancorp,

Inc.

118,713

2,327

Brown

&

Brown,

Inc.

203,706

2,476

Business

First

Bancshares,

Inc.

55,165

4,156

Byline

Bancorp,

Inc.

90,268

2,432

Cadence

Bank

70,528

245

Camden

National

Corporation

8,212

13,333

Canadian

Imperial

Bank

of

Commerce

675,927

4,278

Canadian

Western

Bank

89,062

171

Capital

City

Bank

Group,

Inc.

4,737

24,204

Capital

One

Financial

Corporation

3,603,734

6,705

Capitol

Federal

Financial,

Inc.

39,962

75,606

Carlyle

Group,

Inc.

3,546,677

386

Cathay

General

Bancorp

14,602

4,330

Cboe

Global

Markets,

Inc.

795,551

4,417

Central

Pacific

Financial

Corporation

87,236

69,689

Charles

Schwab

Corporation

5,041,302

15,437

Chubb,

Ltd.

4,000,190

3,725

Cincinnati

Financial

Corporation

462,533

1,506

Citizens

Financial

Group,

Inc.

54,653

226

CNA

Financial

Corporation

10,265

2,339

CNB

Financial

Corporation

47,692

617

Coinbase

Global,

Inc.

a

163,579

11,302

Columbia

Banking

System,

Inc.

218,694

57,849

Comerica,

Inc.

3,181,116

1,935

Commerce

Bancshares,

Inc.

102,942

31,471

Commonwealth

Bank

of

Australia

2,468,562

328

Community

Bank

System,

Inc.

15,754

1,417

Community

Trust

Bancorp,

Inc.

60,435

252

Community

West

Bancshares

5,012

321

ConnectOne

Bancorp,

Inc.

6,259

1,011

Corpay,

Inc.

a

311,934

928

Cullen/Frost

Bankers,

Inc.

104,465

1,558

Customers

Bancorp,

Inc.

a

82,667

474

CVB

Financial

Corporation

8,456

21,600

Daiwa

Securities

Group,

Inc.

164,340

131,900

DBS

Group

Holdings,

Ltd.

3,520,123

8,878

Deutsche

Boerse

AG

1,818,131

3,492

Dime

Community

Bancshares,

Inc.

67,256

25,350

Discover

Financial

Services

3,323,131

98,289

DNB

Bank

ASA

1,953,745

2,964

Eagle

Bancorp,

Inc.

69,624

2,866

East

West

Bancorp,

Inc.

226,729

Global

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

95

Shares

Common

Stock

(75.7%)

Value

Financials

(12.7%)

-

continued

1,142

Employers

Holdings,

Inc.

$

51,835

2,131

Enova

International,

Inc.

a

133,891

209

Enterprise

Bancorp,

Inc./MA

5,428

3,278

Enterprise

Financial

Services

Corporation

132,956

15,908

Equitable

Holdings,

Inc.

604,663

1,478

Equity

Bancshares,

Inc.

50,799

4,133

Euronext

NV

b

393,339

227

EVERTEC,

Inc.

9,057

4,402

F.N.B.

Corporation

62,068

6,674

FactSet

Research

Systems,

Inc.

3,032,599

13,284

Federated

Hermes,

Inc.

479,818

3,445

Fidelity

National

Information

Services,

Inc.

255,550

2,771

Fifth

Third

Bancorp

103,109

2,446

Financial

Institutions,

Inc.

46,034

1,076

First

Bancorp/Puerto

Rico

18,873

4,427

First

Bancshares,

Inc.

114,881

31

First

Citizens

BancShares,

Inc./NC

50,685

9,165

First

Commonwealth

Financial

Corporation

127,577

3,241

First

Financial

Bancorp

72,663

1,625

First

Financial

Bankshares,

Inc.

53,316

1,541

First

Financial

Corporation

59,067

596

First

Hawaiian,

Inc.

13,088

9,605

First

Horizon

Corporation

147,917

661

First

Internet

Bancorp

22,963

3,858

First

Interstate

BancSystem,

Inc.

104,976

1,258

First

Merchants

Corporation

43,904

1,481

First

Mid-Illinois

Bancshares,

Inc.

48,399

4,598

First

of

Long

Island

Corporation

50,992

209

Five

Star

Bancorp

4,702

4,197

Flushing

Financial

Corporation

52,924

1,801

Flywire

Corporation

a

44,683

6,449

Fulton

Financial

Corporation

102,475

9,396

Glacier

Bancorp,

Inc.

378,471

3,538

Global

Payments,

Inc.

472,889

2,090

Green

Dot

Corporation

a

19,500

13,013

Groupe

Bruxelles

Lambert

SA

983,762

7,572

Hamilton

Lane,

Inc.

853,819

4,071

Hancock

Whitney

Corporation

187,429

6,659

Hanmi

Financial

Corporation

106,011

1,611

Hanover

Insurance

Group,

Inc.

219,370

3,664

Hartford

Financial

Services

Group,

Inc.

377,575

3,674

Heartland

Financial

USA,

Inc.

129,141

10,038

Heritage

Commerce

Corporation

86,126

5,177

Heritage

Financial

Corporation

100,382

2,395

Home

BancShares,

Inc.

58,845

1,688

Hometrust

Bancshares,

Inc.

46,150

147,600

Hong

Kong

Exchanges

&

Clearing,

Ltd.

4,300,809

3,376

Hope

Bancorp,

Inc.

38,858

331

Horace

Mann

Educators

Corporation

12,244

5,195

Horizon

Bancorp,

Inc.

66,652

13,068

Houlihan

Lokey,

Inc.

1,675,187

632,774

HSBC

Holdings

plc

4,946,277

5,173

Huntington

Bancshares,

Inc./OH

72,163

49,968

IG

Group

Holdings

plc

461,039

2,830

Independent

Bank

Corporation

147,217

2,502

Independent

Bank

Corporation/MI

63,426

6,799

Intact

Financial

Corporation

1,104,464

47,047

Intercontinental

Exchange,

Inc.

6,465,669

413

International

Bancshares

Corporation

23,186

Shares

Common

Stock

(75.7%)

Value

Financials

(12.7%)

-

continued

1,256,521

Intesa

Sanpaolo

SPA

$

4,561,861

4,228

Invesco

Mortgage

Capital,

Inc.

40,927

32,620

Invesco,

Ltd.

541,166

39,177

Investor

AB,

Class

B

983,120

55,572

J.P.

Morgan

Chase

&

Company

11,131,072

4,582

Jack

Henry

&

Associates,

Inc.

796,031

13,953

Janus

Henderson

Group

plc

458,914

4,593

Kearny

Financial

Corporation/MD

29,579

88,609

KeyCorp

1,400,908

3,196

Kinsale

Capital

Group,

Inc.

1,677,069

2,138

KKR

&

Company,

Inc.

215,040

9,571

Laurentian

Bank

of

Canada

197,984

2,863

Lazard,

Inc.

119,874

751

LendingTree,

Inc.

a

31,797

3,770

M&T

Bank

Corporation

548,309

280,741

Man

Group

plc

947,496

62,891

Manulife

Financial

Corporation

1,570,708

564

MarketAxess

Holdings,

Inc.

123,657

2,025

Mercantile

Bank

Corporation

77,942

45,564

MetLife,

Inc.

3,376,748

672

Metropolitan

Bank

Holding

Corporation

a

25,872

10,193

MFA

Financial,

Inc.

116,302

48,941

MGIC

Investment

Corporation

1,094,321

551

Mid

Penn

Bancorp,

Inc.

11,026

3,920

Midland

States

Bancorp,

Inc.

98,510

2,096

MidWestOne

Financial

Group,

Inc.

49,130

41,400

Mitsubishi

HC

Capital,

Inc.

288,750

255,100

Mitsubishi

UFJ

Financial

Group,

Inc.

2,595,413

997

Mizrahi

Tefahot

Bank,

Ltd.

37,377

115,600

Mizuho

Financial

Group,

Inc.

2,286,026

23,245

Morgan

Stanley

2,188,749

4,751

Mr.

Cooper

Group,

Inc.

a

370,340

22,800

MS

and

AD

Insurance

Group

Holdings,

Inc.

402,592

2,801

MSCI,

Inc.

1,569,820

1,216

Muenchener

Rueckversicherungs-

Gesellschaft

AG

593,581

228

MVB

Financial

Corporation

5,087

9,376

Nasdaq,

Inc.

591,626

52,399

National

Australia

Bank,

Ltd.

1,186,420

2,199

National

Bank

Holdings

Corporation

79,318

4,079

National

Bank

of

Canada

343,473

3,545

Navient

Corporation

61,683

1,216

NCR

Atleos

Corporation

a

24,016

12,704

New

York

Community

Bancorp,

Inc.

c

40,907

16,181

NMI

Holdings,

Inc.

a

523,294

95,600

Nomura

Holdings,

Inc.

611,890

7,744

Northern

Trust

Corporation

688,596

172

Northfield

Bancorp,

Inc.

1,672

174

Northrim

BanCorp,

Inc.

8,789

3,792

Northwest

Bancshares,

Inc.

44,177

8,113

NU

Holdings,

Ltd./Cayman

Islands

a

96,788

7,336

OceanFirst

Financial

Corporation

120,384

2,447

OFG

Bancorp

90,074

3,508

Old

National

Bancorp

61,074

3,073

Old

Republic

International

Corporation

94,403

4,629

Old

Second

Bancorp,

Inc.

64,065

9,753

OneMain

Holdings,

Inc.

498,281

70,200

ORIX

Corporation

1,535,397

4,635

Pacific

Premier

Bancorp,

Inc.

111,240

Global

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

96

Shares

Common

Stock

(75.7%)

Value

Financials

(12.7%)

-

continued

7,213

Paragon

Banking

Group

plc

$

62,887

380

Partners

Group

Holding

AG

542,825

1,075

Pathward

Financial,

Inc.

54,266

49,849

PayPal

Holdings,

Inc.

a

3,339,385

915

PCB

Bancorp

14,942

732

PennyMac

Financial

Services,

Inc.

66,678

2,611

Peoples

Bancorp,

Inc./OH

77,312

1,121

Pinnacle

Financial

Partners,

Inc.

96,271

13,457

Plus500,

Ltd.

306,574

1,089

Popular,

Inc.

95,930

3,214

Premier

Financial

Corporation

65,244

278

PROG

Holdings,

Inc.

9,574

1,386

Prosperity

Bancshares,

Inc.

91,171

5,016

Provident

Financial

Services,

Inc.

73,083

2,067

Prudential

Financial,

Inc.

242,666

6,721

Radian

Group,

Inc.

224,952

53,928

Raymond

James

Financial,

Inc.

6,925,434

3,336

Regions

Financial

Corporation

70,189

20,231

Rithm

Capital

Corporation

225,778

4,182

RLI

Corporation

620,902

32,112

Royal

Bank

of

Canada

3,238,818

2,340

S&T

Bancorp,

Inc.

75,067

3,327

Sandy

Spring

Bancorp,

Inc.

77,120

15,403

SEI

Investments

Company

1,107,476

6,237

Selective

Insurance

Group,

Inc.

680,893

431

ServisFirst

Bancshares,

Inc.

28,601

2,560

Shore

Bancshares,

Inc.

29,440

307

Simmons

First

National

Corporation

5,974

64,000

Singapore

Exchange,

Ltd.

436,757

425

SmartFinancial,

Inc.

8,955

53,010

Societe

Generale

SA

1,420,302

59,700

Sompo

Holdings,

Inc.

1,251,316

241

Southern

First

Bancshares,

Inc.

a

7,654

139

Southern

Missouri

Bancorp,

Inc.

6,076

1,168

SouthState

Corporation

99,315

3,562

State

Street

Corporation

275,414

2,813

Stellar

Bancorp,

Inc.

68,525

1,526

StepStone

Group,

Inc.

54,539

13,800

Sumitomo

Mitsui

Financial

Group,

Inc.

806,923

33,200

Sumitomo

Mitsui

Trust

Holdings,

Inc.

715,347

4,586

Svolder

AB

27,670

374

Synchrony

Financial

16,127

2,104

Synovus

Financial

Corporation

84,286

155

T.

Rowe

Price

Group,

Inc.

18,898

1,446

Territorial

Bancorp,

Inc.

11,655

10,892

Texas

Capital

Bancshares,

Inc.

a

670,403

3,020

TMX

Group,

Ltd.

79,661

15,800

Tokio

Marine

Holdings,

Inc.

495,271

42,260

Toronto-Dominion

Bank

2,550,482

2,173

TPG,

Inc.

97,133

10,979

Tradeweb

Markets,

Inc.

1,143,682

1,952

TriCo

Bancshares

71,795

10,181

Triumph

Financial,

Inc.

a

807,557

1,922

TrustCo

Bank

Corporation

NY

54,124

6,603

Two

Harbors

Investment

Corporation

87,424

20,109

U.S.

Bancorp

898,872

423

UMB

Financial

Corporation

36,797

5,841

Unipol

Gruppo

SPA

48,947

1,593

United

Bankshares,

Inc.

57,013

1,057

United

Community

Banks,

Inc.

27,820

21,200

United

Overseas

Bank,

Ltd.

460,889

Shares

Common

Stock

(75.7%)

Value

Financials

(12.7%)

-

continued

3,054

Univest

Financial

Corporation

$

63,584

871

Unum

Group

46,738

16,052

Valley

National

Bancorp

127,774

3,639

Veritex

Holdings,

Inc.

74,563

8,717

Virtu

Financial,

Inc.

178,873

4,504

Voya

Financial,

Inc.

332,936

3,467

WaFd,

Inc.

100,647

561

Walker

&

Dunlop,

Inc.

56,695

3,128

Webster

Financial

Corporation

158,809

146,042

Wells

Fargo

&

Company

8,464,594

953

Wendel

SA

97,264

2,522

Westamerica

Bancorporation

123,275

13,303

Western

Alliance

Bancorp

853,920

19,599

Western

Union

Company

273,994

56,850

Westpac

Banking

Corporation

966,912

176

Willis

Towers

Watson

plc

48,400

7,156

Wintrust

Financial

Corporation

747,015

254

WSFS

Financial

Corporation

11,466

1,909

XP,

Inc.

48,985

6,570

Zions

Bancorp

NA

285,138

4,653

Zurich

Insurance

Group

AG

2,513,618

Total

207,384,733

Health

Care

(9.3%)

4,263

ACADIA

Pharmaceuticals,

Inc.

a

78,823

2,563

Agilent

Technologies,

Inc.

372,942

1,342

Agios

Pharmaceuticals,

Inc.

a

39,240

924

Aldeyra

Therapeutics,

Inc.

a

3,021

2,599

Align

Technology,

Inc.

a

852,264

4,130

Alkermes

plc

a

111,799

17,641

Amgen,

Inc.

5,015,689

3,391

Amicus

Therapeutics,

Inc.

a

39,946

5,158

Amneal

Pharmaceuticals,

Inc.

a

31,257

1,480

Anika

Therapeutics,

Inc.

a

37,592

3,597

Arcellx,

Inc.

a

250,171

1,890

Argenx

SE

ADR

a

744,131

4,855

Ascendis

Pharma

AS

ADR

a

733,930

109,400

Astellas

Pharma,

Inc.

1,175,257

44,540

AstraZeneca

plc

5,983,665

55,098

AstraZeneca

plc

ADR

3,732,889

162,029

Avantor,

Inc.

a

4,143,082

4,593

Azenta,

Inc.

a

276,866

16,671

Baxter

International,

Inc.

712,519

7,763

Biogen,

Inc.

a

1,673,936

184

BioMarin

Pharmaceutical,

Inc.

a

16,071

238

Bio-Rad

Laboratories,

Inc.

a

82,317

16,904

Bio-Techne

Corporation

1,189,873

3,504

Bruker

Corporation

329,166

3,443

Cardinal

Health,

Inc.

385,272

4,430

CareDx,

Inc.

a

46,914

3,527

Certara,

Inc.

a

63,063

1,763

Charles

River

Laboratories

International,

Inc.

a

477,685

1,350

Chemed

Corporation

866,605

10,580

Cigna

Group

3,842,550

602

Codexis,

Inc.

a

2,101

2,688

Cooper

Companies,

Inc.

272,724

28,174

CSL,

Ltd.

5,286,205

12,100

Daiichi

Sankyo

Company,

Ltd.

385,009

18,412

Danaher

Corporation

4,597,845

3,569

Deciphera

Pharmaceuticals,

Inc.

a

56,140

5,634

Definitive

Healthcare

Corporation

a

45,466

3,383

Denali

Therapeutics,

Inc.

a

69,419

20,054

Dentsply

Sirona,

Inc.

665,592

8,828

Dexcom,

Inc.

a

1,224,444

Global

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

97

Shares

Common

Stock

(75.7%)

Value

Health

Care

(9.3%)

-

continued

2,157

Dynavax

Technologies

Corporation

a

$

26,768

6,874

Edwards

Lifesciences

Corporation

a

656,879

41,349

Elanco

Animal

Health,

Inc.

a

673,162

12,084

Elevance

Health,

Inc.

6,266,037

3,224

Eli

Lilly

&

Company

2,508,143

452

Enanta

Pharmaceuticals,

Inc.

a

7,892

11,481

Enovis

Corporation

a

716,988

6,848

Exelixis,

Inc.

a

162,503

10,457

Fresenius

SE

&

Company

KGaA

281,993

1,995

Galenica

AG

b

166,475

744

Gerresheimer

AG

83,754

31,478

Gilead

Sciences,

Inc.

2,305,763

12,960

Globus

Medical,

Inc.

a

695,174

7,457

GoodRx

Holdings,

Inc.

a

52,945

6,548

Halozyme

Therapeutics,

Inc.

a

266,373

17,200

Hoya

Corporation

2,151,219

1,957

Humana,

Inc.

678,531

3,044

ICON

plc

a

1,022,632

116

IDEXX

Laboratories,

Inc.

a

62,632

1,437

Illumina,

Inc.

a

197,329

9,087

Immunocore

Holdings

plc

ADR

a

590,655

698

Incyte

Corporation

a

39,765

4,406

Inspire

Medical

Systems,

Inc.

a

946,365

11,147

Intuitive

Surgical,

Inc.

a

4,448,656

815

IQVIA

Holding,

Inc.

a

206,105

1,627

Jazz

Pharmaceuticals,

Inc.

a

195,923

36,289

Johnson

&

Johnson

5,740,557

1,043

Kodiak

Sciences,

Inc.

a

5,486

4,358

Laboratorios

Farmaceuticos

ROVI

SA

380,296

30,720

Laboratory

Corporation

of

America

Holdings

6,711,091

5,602

Lantheus

Holdings,

Inc.

a

348,668

6,332

Legend

Biotech

Corporation

ADR

a

355,162

63

Ligand

Pharmaceuticals,

Inc.

a

4,605

914

LivaNova

plc

a

51,129

941

Lonza

Group

AG

562,340

5,300

Medipal

Holdings

Corporation

81,109

29

Medpace

Holdings,

Inc.

a

11,720

34,896

Medtronic

plc

3,041,186

48,355

Merck

&

Company,

Inc.

6,380,442

4,928

Merck

KGaA

868,984

7,578

Molina

Healthcare,

Inc.

a

3,113,270

2,062

Myriad

Genetics,

Inc.

a

43,962

5,871

Natera,

Inc.

a

536,962

271

National

HealthCare

Corporation

25,612

8,623

Neogen

Corporation

a

136,071

104,494

Novartis

AG

10,121,126

49,783

Novo

Nordisk

AS

6,385,835

39,590

Novo

Nordisk

AS

ADR

5,083,356

6,075

Nuvation

Bio,

Inc.

a

22,113

31,100

Ono

Pharmaceutical

Company,

Ltd.

509,572

23,857

Option

Care

Health,

Inc.

a

800,164

2,237

Organon

&

Company

42,056

8,600

Otsuka

Holdings

Company,

Ltd.

357,229

1,387

Pacira

Pharmaceuticals,

Inc.

a

40,528

28,958

Paragon

28,

Inc.

a

357,631

23,972

Progyny,

Inc.

a

914,532

2,587

Prothena

Corporation

plc

a

64,080

1,761

PTC

Therapeutics,

Inc.

a

51,227

740

QIAGEN

NV

31,813

21,820

QIAGEN

NV

932,537

624

QuidelOrtho

Corporation

a

29,915

Shares

Common

Stock

(75.7%)

Value

Health

Care

(9.3%)

-

continued

69,990

Recordati

SPA

$

3,864,703

3,379

Recursion

Pharmaceuticals,

Inc.

a

33,689

6,405

Repligen

Corporation

a

1,178,008

4,117

Roche

Holding

AG,

Participation

Certificates

1,051,149

4,088

Rocket

Pharmaceuticals,

Inc.

a

110,131

1,747

Royalty

Pharma

plc

53,056

7,299

Sandoz

Group

AG

a

220,326

3,168

Sarepta

Therapeutics,

Inc.

a

410,129

35,388

scPharmaceuticals,

Inc.

a

177,648

1,863

Sensus

Healthcare,

Inc.

a

7,079

4,454

Shockwave

Medical,

Inc.

a

1,450,356

535

Siegfried

Holding

AG

546,287

7,775

Sonova

Holding

AG

2,251,586

94,000

Takeda

Pharmaceutical

Company,

Ltd.

2,614,506

257

Tecan

Group

AG

106,483

740

Teleflex,

Inc.

167,366

7,400

Terumo

Corporation

135,410

2,008

TG

Therapeutics,

Inc.

a

30,542

1,891

UCB

SA

233,439

3,188

Universal

Health

Services,

Inc.

581,682

1,561

Vanda

Pharmaceuticals,

Inc.

a

6,416

6,250

Veeva

Systems,

Inc.

a

1,448,062

5,780

Veracyte,

Inc.

a

128,085

13,987

Vericel

Corporation

a

727,604

1,040

West

Pharmaceutical

Services,

Inc.

411,538

1,501

Zentalis

Pharmaceuticals,

Inc.

a

23,656

35,872

Zimmer

Biomet

Holdings,

Inc.

4,734,387

19,504

Zoetis,

Inc.

3,300,272

Total

151,470,102

Industrials

(10.7%)

3,073

A.O.

Smith

Corporation

274,911

87,712

ABB,

Ltd.

4,068,986

301

Acuity

Brands,

Inc.

80,888

7,493

Advanced

Drainage

Systems,

Inc.

1,290,594

5,782

AECOM

567,099

1,106

Aena

SME

SA

b

217,831

6,261

AGCO

Corporation

770,228

5,924

Alfa

Laval

AB

232,780

4,830

Alight,

Inc.

a

47,575

1,880

Allison

Transmission

Holdings,

Inc.

152,581

3,782

AMETEK,

Inc.

691,728

3,775

Armstrong

World

Industries,

Inc.

468,930

13,848

ASGN,

Inc.

a

1,450,716

95,473

Assa

Abloy

AB

2,739,913

1,720

Atmus

Filtration

Technologies,

Inc.

a

55,470

80,777

Aurizon

Holdings,

Ltd.

210,622

2,013

AZEK

Company,

Inc.

a

101,093

1,345

AZZ,

Inc.

103,982

19,563

Badger

Infrastructure

Solutions,

Ltd.

725,010

17,346

Barnes

Group,

Inc.

644,404

6,347

Beacon

Roofing

Supply,

Inc.

a

622,133

2,910

Booz

Allen

Hamilton

Holding

Corporation

431,960

245

Boyd

Group

Services,

Inc.

51,802

76

Brady

Corporation

4,505

35,891

Brambles,

Ltd.

377,720

11,418

Brenntag

AG

962,324

10,213

Bunzl

plc

392,971

2,152

BWX

Technologies,

Inc.

220,838

Global

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

98

Shares

Common

Stock

(75.7%)

Value

Industrials

(10.7%)

-

continued

50,053

Canadian

National

Railway

Company

$

6,591,085

10,546

Carlisle

Companies,

Inc.

4,132,450

6,321

Casella

Waste

Systems,

Inc.

a

624,957

14,873

Caterpillar,

Inc.

5,449,913

51,500

CK

Hutchison

Holdings,

Ltd.

247,851

248,200

CNH

Industrial

NV

3,216,672

144

Columbus

McKinnon

Corporation

6,427

269,000

ComfortDelGro

Corporation,

Ltd.

278,852

44,594

Compagnie

de

Saint-Gobain

SA

3,461,120

35,508

Compania

de

Distribucion

Integral

Logista

Holdings

SA

992,370

11,016

Computershare,

Ltd.

187,634

1,102

CSW

Industrials,

Inc.

258,529

89,868

CSX

Corporation

3,331,407

1,904

Cummins,

Inc.

561,014

2,306

Curtiss-Wright

Corporation

590,198

4,400

Dai

Nippon

Printing

Company,

Ltd.

134,753

5,400

Daikin

Industries,

Ltd.

737,320

72,138

Delta

Air

Lines,

Inc.

3,453,246

34,554

Deutsche

Post

AG

1,489,192

2,508

Donaldson

Company,

Inc.

187,297

29

Dover

Corporation

5,138

1,767

DSV

AS

287,234

29,924

Eiffage

SA

3,396,152

2,980

EMCOR

Group,

Inc.

1,043,596

214

Equifax,

Inc.

57,249

99

ESCO

Technologies,

Inc.

10,598

54,120

ExlService

Holdings,

Inc.

a

1,721,016

1,723

Expeditors

International

of

Washington,

Inc.

209,465

28,135

Experian

plc

1,225,923

62,280

Fastenal

Company

4,804,279

2,177

Ferguson

plc

475,522

105,809

Flowserve

Corporation

4,833,355

10,074

Fluor

Corporation

a

425,929

3,787

Gates

Industrial

Corporation

plc

a

67,068

20,310

General

Dynamics

Corporation

5,737,372

1,561

Gibraltar

Industries,

Inc.

a

125,707

63

GMS,

Inc.

a

6,132

4,034

Graco,

Inc.

377,018

689

Griffon

Corporation

50,531

10,237

Helios

Technologies,

Inc.

457,492

795

Herc

Holdings,

Inc.

133,798

9,846

Hexcel

Corporation

717,281

4,025

Hillman

Solutions

Corporation

a

42,826

10,100

Hitachi,

Ltd.

922,943

19,937

Honeywell

International,

Inc.

4,092,069

39,651

Howden

Joinery

Group

plc

453,892

34,008

Howmet

Aerospace,

Inc.

2,327,167

594

Huntington

Ingalls

Industries,

Inc.

173,133

5,425

IDEX

Corporation

1,323,808

2,038

IMCD

NV

358,710

31,300

Inaba

Denki

Sangyo

Company,

Ltd.

726,290

5,858

Ingersoll

Rand,

Inc.

556,217

1,876

Interface,

Inc.

31,554

6,500

ITOCHU

Corporation

279,237

1,055

ITT

Corporation

143,512

49,296

Janus

International

Group,

Inc.

a

745,848

22,100

Jardine

Matheson

Holdings,

Ltd.

824,365

18,460

JB

Hunt

Transport

Services,

Inc.

3,678,155

308

Johnson

Controls

International

plc

20,119

25,000

Kajima

Corporation

513,117

3,244

Kennametal,

Inc.

80,905

Shares

Common

Stock

(75.7%)

Value

Industrials

(10.7%)

-

continued

6,100

Kinden

Corporation

$

106,320

3,752

Kratos

Defense

&

Security

Solutions,

Inc.

a

68,962

13,000

Kubota

Corporation

203,967

16,233

L3Harris

Technologies,

Inc.

3,459,252

17,132

Legalzoom.com,

Inc.

a

228,541

38,177

Legrand

SA

4,045,425

1,185

Leidos

Holdings,

Inc.

155,342

4,652

Lincoln

Electric

Holdings,

Inc.

1,188,307

5,045

Lyft,

Inc.

a

97,621

10,867

Masco

Corporation

857,189

1,264

Matson,

Inc.

142,074

11,000

MEITEC

Group

Holdings,

Inc.

212,679

6,676

Middleby

Corporation

a

1,073,434

99,400

Mitsubishi

Corporation

2,297,256

9,900

Mitsui

&

Company,

Ltd.

462,841

10,672

MSC

Industrial

Direct

Company,

Inc.

1,035,611

4,708

Mueller

Water

Products,

Inc.

75,752

451

MYR

Group,

Inc.

a

79,714

141

National

Presto

Industries,

Inc.

11,816

2,021

NEXTracker,

Inc.

a

113,722

2,800

Nishimatsu

Construction

Company,

Ltd.

80,492

15,100

Nitto

Kogyo

Corporation

415,468

6,668

Northrop

Grumman

Corporation

3,191,705

17,894

nVent

Electric

plc

1,349,208

4,492

Old

Dominion

Freight

Line,

Inc.

985,141

7,579

Oshkosh

Corporation

945,177

1,645

Otis

Worldwide

Corporation

163,299

5,988

Owens

Corning,

Inc.

998,798

7,529

PACCAR,

Inc.

932,768

14,187

PageGroup

plc

80,327

2,310

Parker-Hannifin

Corporation

1,283,875

624

Paycom

Software,

Inc.

124,182

865

Paylocity

Holding

Corporation

a

148,659

11,905

Pentair

plc

1,017,163

35,200

Recruit

Holdings

Company,

Ltd.

1,545,520

20,931

Redde

Northgate

plc

100,785

6,821

Regal

Rexnord

Corporation

1,228,462

95,812

RELX

plc

4,131,929

852

Republic

Services,

Inc.

163,107

1,930

Resideo

Technologies,

Inc.

a

43,271

2,064

Rockwell

Automation,

Inc.

601,305

1,385

Rush

Enterprises,

Inc.

74,125

10,921

Russel

Metals,

Inc.

363,375

2,436

Saia,

Inc.

a

1,425,060

2,000

Sankyu,

Inc.

68,836

3,106

Schneider

Electric

SE

702,196

9,133

Schneider

National,

Inc.

206,771

25,500

Secom

Company,

Ltd.

1,850,102

6,073

Sensata

Technologies

Holding

plc

223,122

7,200

SG

Holdings

Company,

Ltd.

91,180

19,713

Siemens

AG

3,763,990

3,289

Simpson

Manufacturing

Company,

Inc.

674,837

3,577

SiteOne

Landscape

Supply,

Inc.

a

624,365

9,062

SKF

AB

c

184,999

4,430

SkyWest,

Inc.

a

306,024

1,700

SMC

Corporation

959,072

189

Snap-On,

Inc.

55,986

13,500

Sohgo

Security

Services

Company,

Ltd.

73,302

19,900

Sojitz

Corporation

524,941

20,719

Southwest

Airlines

Company

604,788

Global

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

99

Shares

Common

Stock

(75.7%)

Value

Industrials

(10.7%)

-

continued

1,916

SS&C

Technologies

Holdings,

Inc.

$

123,333

1,582

Standex

International

Corporation

288,272

542

Sterling

Construction

Company,

Inc.

a

59,788

2,300

Taikisha,

Ltd.

71,855

2,600

Takara

Standard

Company,

Ltd.

32,927

27,000

Techtronic

Industries

Company,

Ltd.

366,872

95

Tennant

Company

11,553

2,872

Terex

Corporation

184,957

3,150

Textron,

Inc.

302,179

290

Thermon

Group

Holdings,

Inc.

a

9,489

6,359

Thomson

Reuters

Corporation

989,611

4,465

Timken

Company

390,375

524

Titan

Machinery,

Inc.

a

13,000

51,100

TOPPAN

Holdings,

Inc.

1,280,924

13,612

Toromont

Industries,

Ltd.

1,309,899

2,443

Trane

Technologies

plc

733,389

11,130

TransUnion

888,174

20,647

Trelleborg

AB

738,295

871

Trex

Company,

Inc.

a

86,882

13,100

Tsubakimoto

Chain

Company

441,319

69,801

Uber

Technologies,

Inc.

a

5,373,979

58

UniFirst

Corporation/MA

10,059

46,216

United

Parcel

Service,

Inc.

6,869,084

270

United

Rentals,

Inc.

194,700

6,185

Upwork,

Inc.

a

75,828

70

Valmont

Industries,

Inc.

15,980

6,494

Ventia

Services

Group

Pty,

Ltd.

16,297

3,716

Verra

Mobility

Corporation

a

92,789

2,231

Vertiv

Holdings

Company

182,206

29,349

Vinci

SA

3,766,330

1,566

Watsco,

Inc.

676,465

19,551

Werner

Enterprises,

Inc.

764,835

6,797

WillScot

Mobile

Mini

Holdings

Corporation

a

316,060

12,924

Wolters

Kluwer

NV

2,023,774

6,800

Yuasa

Trading

Company,

Ltd.

237,608

Total

174,516,227

Information

Technology

(13.9%)

9,719

Adobe,

Inc.

a

4,904,207

36,156

Advanced

Micro

Devices,

Inc.

a

6,525,796

32,000

Advantest

Corporation

1,421,532

5,773

Agilysys,

Inc.

a

486,433

1,705

Ambarella,

Inc.

a

86,563

15,905

Amphenol

Corporation

1,834,642

96,348

Apple,

Inc.

16,521,755

18,453

Applied

Materials,

Inc.

3,805,562

1,564

AppLovin

Corporation

a

108,260

3,874

Arista

Networks,

Inc.

a

1,123,383

2,018

ASM

International

NV

1,235,832

11,268

ASML

Holding

NV

10,923,930

6,800

ASMPT,

Ltd.

85,540

79,600

Canon,

Inc.

2,371,687

16,461

CDW

Corporation

4,210,395

3,305

CGI,

Inc.

a

364,622

6,732

Check

Point

Software

Technologies,

Ltd.

a

1,104,115

6,527

Ciena

Corporation

a

322,760

97,588

Cisco

Systems,

Inc.

4,870,617

3,519

Clearwater

Analytics

Holdings,

Inc.

a

62,251

156

Cognizant

Technology

Solutions

Corporation

11,433

Shares

Common

Stock

(75.7%)

Value

Information

Technology

(13.9%)

-

continued

1,094

Coherent

Corporation

a

$

66,318

6,833

CommScope

Holding

Company,

Inc.

a

8,951

5,998

CommVault

Systems,

Inc.

a

608,377

825

Constellation

Software,

Inc./

Canada

2,253,516

16,563

Crane

NXT

Company

1,025,250

2,053

Credo

Technology

Group

Holding,

Ltd.

a

43,503

4,262

CyberArk

Software,

Ltd.

a

1,132,115

66,738

Dassault

Systemes

SE

2,954,312

1,907

Datadog,

Inc.

a

235,705

3,051

Descartes

Systems

Group,

Inc.

a

279,073

7,923

Descartes

Systems

Group,

Inc.

a

725,192

3,500

DISCO

Corporation

1,279,367

42

DocuSign,

Inc.

a

2,501

4,249

Dolby

Laboratories,

Inc.

355,939

3,775

Dropbox,

Inc.

a

91,732

15,161

Dynatrace

Holdings,

LLC

a

704,077

718

Elastic

NV

a

71,972

2,374

Enphase

Energy,

Inc.

a

287,207

893

EPAM

Systems,

Inc.

a

246,611

321

F5,

Inc.

a

60,858

3,752

Fabrinet

a

709,203

68

First

Solar,

Inc.

a

11,478

25,410

Flex,

Ltd.

a

726,980

46,131

Fortinet,

Inc.

a

3,151,209

5,400

Fuji

Soft,

Inc.

214,097

63,600

FUJIFILM

Holdings

NPV

1,428,114

17

Gartner,

Inc.

a

8,103

15,158

Gitlab,

Inc.

a

884,015

3,333

Globant

SA

a

672,933

30,447

Grid

Dynamics

Holdings,

Inc.

a

374,194

15,621

Guidewire

Software,

Inc.

a

1,823,127

6,104

Hackett

Group,

Inc.

148,327

58,623

Halma

plc

1,750,503

2,337

Hewlett

Packard

Enterprise

Company

41,435

139

HP,

Inc.

4,201

1,960

HubSpot,

Inc.

a

1,228,058

49,011

Infineon

Technologies

AG

1,666,651

11,484

International

Business

Machines

Corporation

2,192,985

1,150

IPG

Photonics

Corporation

a

104,294

1,346

Itron,

Inc.

a

124,532

2,841

Jabil,

Inc.

380,552

36,269

JFrog,

Ltd.

a

1,603,815

3,200

Keyence

Corporation

1,485,635

2,774

Keysight

Technologies,

Inc.

a

433,798

25,142

Knowles

Corporation

a

404,786

2,392

Kyndryl

Holdings,

Inc.

a

52,050

921

Lam

Research

Corporation

894,816

600

Lasertec

Corporation

171,018

23,765

Lattice

Semiconductor

Corporation

a

1,859,136

2,761

Littelfuse,

Inc.

669,128

2,456

LiveRamp

Holding,

Inc.

a

84,732

5,306

Marvell

Technology,

Inc.

376,089

474

Microchip

Technology,

Inc.

42,523

74,483

Microsoft

Corporation

31,336,488

8,334

MKS

Instruments,

Inc.

1,108,422

1,886

MongoDB,

Inc.

a

676,395

1,749

Monolithic

Power

Systems,

Inc.

1,184,808

742

Motorola

Solutions,

Inc.

263,395

45,600

Murata

Manufacturing

Company,

Ltd.

852,830

Global

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

100

Shares

Common

Stock

(75.7%)

Value

Information

Technology

(13.9%)

-

continued

4,200

NEC

Corporation

$

306,622

2,503

Nemetschek

SE

247,755

8,300

Net

One

Systems

Company,

Ltd.

145,900

4,049

NetApp,

Inc.

425,024

1,153

NICE,

Ltd.

a

300,058

7,800

Nomura

Research

Institute,

Ltd.

220,340

681

Nova,

Ltd.

a

120,378

4,575

Nova,

Ltd.

a

811,514

5,900

NSD

Company,

Ltd.

114,089

37,200

NTT

Data

Group

Corporation

591,404

27,559

NVIDIA

Corporation

24,901,210

4,015

Onto

Innovation,

Inc.

a

727,036

160

OSI

Systems,

Inc.

a

22,851

7,600

Otsuka

Corporation

161,260

16,687

PagerDuty,

Inc.

a

378,461

3,730

Palo

Alto

Networks,

Inc.

a

1,059,805

11,519

PDF

Solutions,

Inc.

a

387,845

384

Procore

Technologies,

Inc.

a

31,553

8,555

PTC,

Inc.

a

1,616,382

4,832

Q2

Holdings,

Inc.

a

253,970

1,392

Qorvo,

Inc.

a

159,843

69,160

QUALCOMM,

Inc.

11,708,788

1,681

Rapid7,

Inc.

a

82,436

48,100

Renesas

Electronics

Corporation

857,174

1,067

RingCentral,

Inc.

a

37,068

61,100

Rohm

Company,

Ltd.

979,970

17,373

Salesforce,

Inc.

5,232,400

94,291

Samsung

Electronics

Company,

Ltd.

5,666,655

23,587

SAP

SE

4,592,852

7,900

SCREEN

Holdings

Company,

Ltd.

1,024,274

8,926

ServiceNow,

Inc.

a

6,805,182

41,042

Shopify,

Inc.

a

3,167,211

3,810

Silicon

Laboratories,

Inc.

a

547,573

2,592

Skyworks

Solutions,

Inc.

280,765

5,646

SolarWinds

Corporation

a

71,253

559

Sopra

Steria

Group

135,470

1,622

Sprinklr,

Inc.

a

19,902

18,737

Sprout

Social,

Inc.

a

1,118,786

3,553

SPS

Commerce,

Inc.

a

656,950

13,700

Sumco

Corporation

216,607

2,074

Synopsys,

Inc.

a

1,185,291

13,268

Taiwan

Semiconductor

Manufacturing

Company,

Ltd.

ADR

1,805,111

2,519

TE

Connectivity,

Ltd.

365,860

351

Teledyne

Technologies,

Inc.

a

150,691

2,169

Temenos

AG

155,149

1,572

Tenable

Holdings,

Inc.

a

77,704

1,467

Teradata

Corporation

a

56,729

91

Teradyne,

Inc.

10,268

20,100

TIS,

Inc.

431,262

8,300

Tokyo

Electron,

Ltd.

2,161,728

11,883

Trimble,

Inc.

a

764,790

29,495

TTM

Technologies,

Inc.

a

461,597

9,008

Tyler

Technologies,

Inc.

a

3,828,490

1,600

ULVAC,

Inc.

102,949

6,255

Unisys

Corporation

a

30,712

2,662

Universal

Display

Corporation

448,414

3,188

Upland

Software,

Inc.

a

9,851

19,078

Varonis

Systems,

Inc.

a

899,909

2,034

VeriSign,

Inc.

a

385,463

6,928

Viavi

Solutions,

Inc.

a

62,976

7,429

Vishay

Intertechnology,

Inc.

168,490

8,222

Vontier

Corporation

372,950

Shares

Common

Stock

(75.7%)

Value

Information

Technology

(13.9%)

-

continued

8,872

Western

Digital

Corporation

a

$

605,425

7,439

Workiva,

Inc.

a

630,827

1,412

Xerox

Holdings

Corporation

25,275

Total

227,341,273

Materials

(3.4%)

72,423

Acerinox

SA

795,328

5,369

Agnico

Eagle

Mines,

Ltd.

320,146

8,850

Air

Liquide

SA

1,841,237

124

Albemarle

Corporation

16,336

16,615

Alcoa

Corporation

561,421

597

AptarGroup,

Inc.

85,902

528

Arkema

SA

55,588

256

Avery

Dennison

Corporation

57,152

3,875

Avient

Corporation

168,175

21,337

Axalta

Coating

Systems,

Ltd.

a

733,779

17,372

Barrick

Gold

Corporation

288,946

5,648

BASF

SE

322,750

12,538

Berry

Plastics

Group,

Inc.

758,298

134,080

BHP

Group,

Ltd.

3,876,772

196,623

BlueScope

Steel,

Ltd.

3,058,092

7,374

Buzzi

SPA

289,600

9,366

Celanese

Corporation

1,609,641

50,471

CF

Industries

Holdings,

Inc.

4,199,692

10,708

Chemours

Company

281,192

6,199

Cleveland-Cliffs,

Inc.

a

140,965

34,444

Corteva,

Inc.

1,986,385

31,365

Deterra

Royalties,

Ltd.

100,782

2,532

Eagle

Materials,

Inc.

688,071

28,735

Eastman

Chemical

Company

2,879,822

31,363

Evraz

plc

a,d

4

1,362

Franco-Nevada

Corporation

162,296

142

Givaudan

SA

632,147

91,817

Glencore

plc

503,851

80,050

Granges

AB

865,982

10,555

Heidelberg

Materials

AG

1,161,912

41,987

Hexpol

AB

512,696

59,605

Holcim

AG

5,400,021

2,295

Huhtamaki

Oyj

96,142

1,428

Huntsman

Corporation

37,171

1,526

Ingevity

Corporation

a

72,790

2,651

Innospec,

Inc.

341,820

7,300

JFE

Holdings,

Inc.

120,987

687

Kaiser

Aluminum

Corporation

61,390

30,600

Kyoei

Steel,

Ltd.

478,616

3,369

Louisiana-Pacific

Corporation

282,693

356

LyondellBasell

Industries

NV

36,412

2,215

Martin

Marietta

Materials,

Inc.

1,359,877

1,936

Metallus,

Inc.

a

43,076

167

Minerals

Technologies,

Inc.

12,572

55,500

Mitsubishi

Chemical

Group

Corporation

338,232

2,071

Mondi

plc

36,477

10,403

Mosaic

Company

337,681

833

Myers

Industries,

Inc.

19,301

10,200

Nippon

Steel

Corporation

c

245,458

32,646

Nucor

Corporation

6,460,643

3,962

O-I

Glass,

Inc.

a

65,730

2,210

Orion

SA

51,979

965

PPG

Industries,

Inc.

139,828

143

Quaker

Chemical

Corporation

29,351

2,260

Radius

Recycling,

Inc.

47,754

39,275

Ranpak

Holdings

Corporation

a

309,094

430

Reliance,

Inc.

143,697

5,306

Rio

Tinto

plc

335,471

Global

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

101

Shares

Common

Stock

(75.7%)

Value

Materials

(3.4%)

-

continued

11,512

Rio

Tinto,

Ltd.

$

913,651

5,697

RPM

International,

Inc.

677,658

573

Ryerson

Holding

Corporation

19,195

27,800

Shin-Etsu

Chemical

Company,

Ltd.

1,219,362

128,130

SSAB

AB,

Class

A

946,781

835

Steel

Dynamics,

Inc.

123,772

13,440

Summit

Materials,

Inc.

a

599,021

5,198

SunCoke

Energy,

Inc.

58,581

12,106

Syensqo

SA

1,147,114

12,200

Taiyo

Holdings

Company,

Ltd.

268,811

2,525

Teck

Resources,

Ltd.

115,595

27,500

Toagosei

Company,

Ltd.

288,133

714

TriMas

Corporation

19,085

9,030

Trinseo

plc

34,133

18,954

Tronox

Holdings

plc

328,852

11,300

UBE

Corporation

201,303

6,293

United

States

Steel

Corporation

256,629

704

Vidrala

SA

73,089

1,921

Vulcan

Materials

Company

524,279

3,590

Wheaton

Precious

Metals

Corporation

169,197

44,430

Yara

International

ASA

1,408,836

Total

55,252,300

Real

Estate

(1.9%)

17,730

Agree

Realty

Corporation

1,012,738

1,182

Anywhere

Real

Estate,

Inc.

a

7,305

11,970

AvalonBay

Communities,

Inc.

2,221,153

2,231

Brixmor

Property

Group,

Inc.

52,317

3,308

Canadian

Apartment

Properties

REIT

113,535

1,821

CareTrust

REIT,

Inc.

44,378

30,625

CBRE

Group,

Inc.

a

2,977,975

37

Chatham

Lodging

Trust

374

30,896

Compass,

Inc.

a

111,226

11,370

CoStar

Group,

Inc.

a

1,098,342

31,810

Crown

Castle,

Inc.

3,366,452

22,727

Cushman

and

Wakefield

plc

a

237,724

1,000

Daito

Trust

Construction

Company,

Ltd.

114,083

13,500

Daiwa

House

Industry

Company,

Ltd.

401,833

4,193

DigitalBridge

Group,

Inc.

80,799

5,343

Douglas

Elliman,

Inc.

a

8,442

1,246

EastGroup

Properties,

Inc.

223,993

3,453

Elme

Communities

48,066

8,405

EPR

Properties

356,792

35,906

Equity

Commonwealth

a

677,905

4,080

Equity

Residential

257,489

34,924

Essential

Properties

Realty

Trust,

Inc.

931,074

861

Essex

Property

Trust,

Inc.

210,781

3,573

First

Industrial

Realty

Trust,

Inc.

187,725

557

FirstService

Corporation

92,213

2,771

FirstService

Corporation

459,432

295

Forestar

Group,

Inc.

a

11,856

16,695

Four

Corners

Property

Trust,

Inc.

408,527

6,585

Getty

Realty

Corporation

180,100

194,120

Healthcare

Realty

Trust,

Inc.

2,746,798

33,000

Henderson

Land

Development

Company,

Ltd.

94,237

1,432

Howard

Hughes

Holdings,

Inc.

a

103,992

8,093

Independence

Realty

Trust,

Inc.

130,540

5,139

Industrial

Logistics

Properties

Trust

22,046

9,100

Invitation

Homes,

Inc.

324,051

Shares

Common

Stock

(75.7%)

Value

Real

Estate

(1.9%)

-

continued

6,772

Kennedy-Wilson

Holdings,

Inc.

$

58,104

6,703

LEG

Immobilien

AG

a

575,729

25,910

LXP

Industrial

Trust

233,708

16,600

Mitsubishi

Estate

Company,

Ltd.

302,883

8,220

National

Storage

Affiliates

Trust

321,895

13,339

NetSTREIT

Corporation

245,037

10,283

NNN

REIT,

Inc.

439,495

7,433

Park

Hotels

&

Resorts,

Inc.

130,003

2,409

Peakstone

Realty

Trust

38,857

8,691

Pebblebrook

Hotel

Trust

133,928

19,260

Phillips

Edison

and

Company,

Inc.

690,856

1,105

Plymouth

Industrial

REIT,

Inc.

24,862

11,011

PSP

Swiss

Property

AG

1,443,417

5,279

Retail

Opportunity

Investments

Corporation

67,677

4,163

Rexford

Industrial

Realty,

Inc.

209,399

6,873

RLJ

Lodging

Trust

81,239

807

RMR

Group,

Inc.

19,368

3,563

Sabra

Health

Care

REIT,

Inc.

52,626

15,923

SBA

Communications

Corporation

3,450,514

3,315

Simon

Property

Group,

Inc.

518,764

22,636

STAG

Industrial,

Inc.

870,128

6,303

Summit

Hotel

Properties,

Inc.

41,033

25,500

Swire

Pacific,

Ltd.

209,926

2,336

Swiss

Prime

Site

AG

220,348

2,909

TAG

Immobilien

AG

a

39,758

3,193

Tanger,

Inc.

94,289

10,538

Terreno

Realty

Corporation

699,723

16,646

UDR,

Inc.

622,727

2,827

Ventas,

Inc.

123,088

2,130

Welltower,

Inc.

199,027

2,557

Zillow

Group,

Inc.

a

122,378

4,375

Zillow

Group,

Inc.

Class

C

a

213,413

Total

31,810,492

Utilities

(2.0%)

8,732

ACEA

SPA

154,761

8,141

Alliant

Energy

Corporation

410,306

599

American

States

Water

Company

43,272

4,961

American

Water

Works

Company,

Inc.

606,284

122

Artesian

Resources

Corporation

4,527

18,082

ATCO,

Ltd.

503,394

62,723

Canadian

Utilities,

Ltd.

1,428,522

20,288

Capital

Power

Corporation

572,297

14,975

Clearway

Energy,

Inc.,

Class

A

322,112

18,103

Clearway

Energy,

Inc.,

Class

C

417,274

25,995

Constellation

Energy

Corporation

4,805,176

38,501

Contact

Energy,

Ltd.

199,108

4,737

DTE

Energy

Company

531,207

35,989

Duke

Energy

Corporation

3,480,496

410,206

Enel

SPA

2,707,983

28,611

Entergy

Corporation

3,023,610

19,044

Evergy,

Inc.

1,016,569

8,447

Eversource

Energy

504,877

21,714

Fortis,

Inc.

857,948

50,856

Fortum

Oyj

c

627,879

33,945

Hydro

One,

Ltd.

989,869

286,349

Italgas

SPA

1,668,210

473

NextEra

Energy

Partners,

LP

14,228

24,011

NiSource,

Inc.

664,144

1,760

Northwestern

Energy

Group,

Inc.

89,637

3,209

OGE

Energy

Corporation

110,069

25,525

Origin

Energy,

Ltd.

153,117

4,138

PNM

Resources,

Inc.

155,754

Global

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

102

Shares

Common

Stock

(75.7%)

Value

Utilities

(2.0%)

-

continued

23,702

Portland

General

Electric

Company

$

995,484

43,791

Public

Service

Enterprise

Group,

Inc.

2,924,363

33,243

Redeia

Corporacion

SA

567,827

3,107

Rubis

SCA

109,697

40,675

TransAlta

Corporation

260,947

32,990

UGI

Corporation

809,575

8,197

Xcel

Energy,

Inc.

440,589

Total

32,171,112

Total

Common

Stock

(cost

$897,678,305)

1,235,786,335

Shares

Registered

Investment

Companies

(

5.6%

)

Value

U.S.

Affiliated  (4.6%)

4,528,980

Thrivent

Core

Emerging

Markets

Equity

Fund

41,168,426

3,143,626

Thrivent

Core

Small

Cap

Value

Fund

33,133,823

Total

74,302,249

U.S.

Unaffiliated  (1.0%)

5,422

Communication

Services

Select

Sector

SPDR

Fund

442,761

2,589

Industrial

Select

Sector

SPDR

Fund

c

326,110

3,145

Invesco

QQQ

Trust

Series

1

1,396,411

20,944

iShares

Biotechnology

ETF

2,873,936

19,651

SPDR

S&P

500

ETF

Trust

10,278,849

16,019

SPDR

S&P

Biotech

ETF

c

1,520,043

1,217

SPDR

S&P

Oil

&

Gas

Exploration

ETF

c

188,550

Total

17,026,660

Total

Registered

Investment

Companies

(cost

$86,748,900)

91,328,909

Shares

Collateral

Held

for

Securities

Loaned

(

0.7%

)

Value

11,998,835

Thrivent

Cash

Management

Trust

11,998,835

Total

Collateral

Held

for

Securities

Loaned

(cost

$11,998,835)

11,998,835

Shares

Preferred

Stock

(

<0.1%

)

Value

Consumer

Discretionary

(<0.1%)

1,414

Bayerische

Motoren

Werke

AG

151,726

Total

151,726

Total

Preferred

Stock

(cost

$99,498)

151,726

Shares

or

Principal

Amount

Short-Term

Investments

(

18.6%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

69,425,000

5.092%,

4/1/2024

e

$

69,385,042

1,600,000

5.230%,

4/3/2024

e,f

1,598,619

17,500,000

5.260%,

4/5/2024

e

17,479,856

700,000

5.210%,

4/10/2024

e,f

698,691

4,500,000

5.205%,

4/12/2024

e,f

4,490,288

100,000

5.220%,

5/1/2024

e,f

99,507

22,007,000

5.248%,

5/3/2024

e

21,892,123

100,000

5.230%,

5/8/2024

e,f

99,405

100,000

5.225%,

5/15/2024

e,f

99,304

6,600,000

5.210%,

5/21/2024

e,f

6,548,322

100,000

5.240%,

5/22/2024

e,f

99,202

100,000

5.250%,

5/29/2024

e,f

99,101

2,100,000

5.230%,

6/7/2024

e,f

2,078,608

400,000

5.235%,

6/20/2024

e,f

395,179

U.S.

Treasury

Bills

3,090,000

5.204%,

4/2/2024

e

3,089,552

5,000,000

5.281%,

4/4/2024

e

4,997,837

25,000,000

5.275%,

4/11/2024

e

24,963,618

70,000,000

5.273%,

4/16/2024

e

69,846,306

20,000,000

5.274%,

4/23/2024

e

19,935,589

10,000,000

5.273%,

4/25/2024

e

9,964,954

45,000,000

5.273%,

5/2/2024

e

44,795,419

Total

Short-Term

Investments

(cost

$302,595,349)

302,656,522

Total

Investments

(cost

$1,299,120,887)

100.6%

$1,641,922,327

Other

Assets

and

Liabilities,

Net

(0.6%)

(9,731,131)

Total

Net

Assets

100.0%

$1,632,191,196

a

Non-income

producing

security.

b

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

March

28,

2024,

the

value

of

these

investments

was

$5,249,969

or

0.3%

of

total

net

assets.

c

All

or

a

portion

of

the

security

is

on

loan.

d

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

e

The

interest

rate

shown

reflects

the

yield.

f

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Global

Stock

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Common

Stock

$

11,537,697

Total

lending

$11,537,697

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$11,998,835

Net

amounts

due

to

counterparty

$461,138

Global

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

103

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

ETF

-

Exchange

Traded

Fund

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Global

Stock

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

77,522,980

61,650,188

15,872,792

–

Consumer

Discretionary

136,872,329

84,786,375

52,085,954

–

Consumer

Staples

73,612,672

42,808,050

30,804,622

–

Energy

67,832,115

48,835,112

18,997,003

–

Financials

207,384,733

132,431,711

74,953,022

–

Health

Care

151,470,102

104,733,608

46,736,494

–

Industrials

174,516,227

107,887,515

66,628,712

–

Information

Technology

227,341,273

178,071,118

49,270,155

–

Materials

55,252,300

27,107,983

28,144,313

4

Real

Estate

31,810,492

28,202,530

3,607,962

–

Utilities

32,171,112

21,369,553

10,801,559

–

Registered

Investment

Companies

U.S.

Unaffiliated

17,026,660

17,026,660

–

–

Preferred

Stock

Consumer

Discretionary

151,726

–

151,726

–

Short-Term

Investments

302,656,522

–

302,656,522

–

Subtotal

Investments

in

Securities

$1,555,621,243

$854,910,403

$

700,710,836

$4

Other

Investments  *

Total

U.S.

Affiliated

Registered

Investment

Cos.

74,302,249

Collateral

Held

for

Securities

Loaned

11,998,835

Subtotal

Other

Investments

$86,301,084

Total

Investments

at

Value

$1,641,922,327

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Global

Stock

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

5,489,042

5,489,042

–

–

Total

Asset

Derivatives

$5,489,042

$5,489,042

$–

$–

Liability

Derivatives

Futures

Contracts

3,257,314

3,257,314

–

–

Total

Liability

Derivatives

$3,257,314

$3,257,314

$–

$–

Global

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

104

Reference

Description:

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

S&P

-

Standard

&

Poor's

The

following

table

presents

Global

Stock

Portfolio's

futures

contracts

held

as

of

March

28,

2024.

Investments

and/or

cash

totaling

$16,306,226

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Amount

Value

and

Unrealized

CME

E-mini

Russell

2000

Index

9

June

2024

$

948,932

$

16,723

CME

E-mini

S&P

500

Index

1,306

June

2024

341,225,843

5,419,207

CME

E-mini

S&P

Mid-Cap

400

Index

3

June

2024

894,721

28,499

ICE

mini

MSCI

EAFE

Index

667

June

2024

78,584,672

24,613

ICE

US

mini

MSCI

Emerging

Markets

Index

281

June

2024

14,778,871

(

40,421)

Total

Futures

Long

Contracts

$

436,433,039

$

5,448,621

CME

E-mini

Russell

2000

Index

(777)

June

2024

(

$

82,021,726)

(

$

1,346,489)

CME

E-mini

S&P

Mid-Cap

400

Index

(237)

June

2024

(

71,063,976)

(

1,870,404)

Total

Futures

Short

Contracts

(

$

153,085,702)

($3,216,893)

Total

Futures

Contracts

$

283,347,337

$2,231,728

Global

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

105

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Global

Stock

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Equity

$39,493

$–

$–

$41,168

4,529

2.5%

Core

Small

Cap

Value

31,248

–

–

33,134

3,144

2.1

Total

U.S.

Affiliated

Registered

Investment

Companies

70,741

74,302

4.6

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

3,993

31,087

23,081

11,999

11,999

0.7

Total

Collateral

Held

for

Securities

Loaned

3,993

11,999

0.7

Total

Value

$74,734

$86,301

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Equity

$–

$1,675

$

–

$–

Core

Small

Cap

Value

Fund

–

1,886

–

–

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

7

Total

Affiliated

Income

from

Securities

Loaned,

Net

$7

Total

Value

$–

$3,561

$

–

Government

Bond

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

106

Principal

Amount

Long-Term

Fixed

Income

(

98

.8

%

)

Value

Asset-Backed

Securities

(4.4%)

Cascade

Funding

Mortgage

Trust,

LLC

$

324,851

0.985%, 

11/25/2050,

Ser.

2021-EBO1,

Class

A

a,b

$

312,211

886,285

1.151%, 

10/27/2031,

Ser.

2021-HB7,

Class

A

a,b

862,610

ECMC

Group

Student

Loan

Trust

357,434

6.435%, 

(SOFR30A

+

1.114%),

1/27/2070,

Ser.

2020-3A,

Class

A1B

a,b

355,454

Finance

of

America

HECM

Buyout

330,119

2.695%, 

2/25/2032,

Ser.

2022-HB1,

Class

A

a,b

321,596

GMAC

Mortgage

Corporation

Loan

Trust

26,187

5.944%, 

(TSFR1M

+

0.614%),

8/25/2035,

Ser.

2005-HE1,

Class

A2

b,c

14,256

Goodgreen

813,426

3.860%, 

10/15/2054,

Ser.

2019-1A,

Class

A

a

730,250

Helios

Issuer,

LLC

1,269,730

5.750%, 

12/20/2050,

Ser.

2023-GRID1,

Class

1A

a,c

1,288,550

Kentucky

Higher

Education

Student

Loan

Corporation

Student

Loan

Rev.

1,032,578

1.650%, 

3/25/2051,

Ser.

2021-1

922,992

Missouri

Higher

Education

Loan

Auth.

867,877

1.530%, 

1/25/2061,

Ser.

2021-1

756,121

Navient

Student

Loan

Trust

1,002,258

1.310%, 

12/26/2069,

Ser.

2021-1A,

Class

A1A

a

860,182

New

Hampshire

Higher

Education

Loan

Corporation

480,755

6.644%, 

(TSFR1M

+

1.314%),

9/25/2060,

Ser.

2020-1,

Class

A1B

b

480,883

Preferred

Term

Securities

XXIII,

Ltd./Preferred

Term

Securities

XXIII,

Inc.

28,658

5.791%, 

(TSFR3M

+

0.462%),

12/22/2036,

Ser.

A-FP

a,b

28,443

RMF

Buyout

Issuance

Trust

290,478

1.259%, 

11/25/2031,

Ser.

2021-HB1,

Class

A

a,b

282,199

Total

7,215,747

Collateralized

Mortgage

Obligations

(6.5%)

Federal

Agricultural

Mortgage

Corporation

Real

Estate

Trust

1,667,957

2.180%, 

1/25/2051,

Ser.

2021-1,

Class

A

a,b,c

1,312,469

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

183,946

4.000%, 

1/25/2051,

Ser.

5249,

Class

LA

175,804

1,463,187

1.500%, 

3/25/2050,

Ser.

4982,

Class

JA

1,138,775

Principal

Amount

Long-Term

Fixed

Income

(98.8%)

Value

Collateralized

Mortgage

Obligations

(6.5%)

-

continued

$

1,552,059

4.000%, 

8/25/2052,

Ser.

5256,

Class

AY

$

1,411,949

873,132

4.000%, 

9/25/2052,

Ser.

5256,

Class

A

824,555

99,252

2.000%, 

1/15/2041,

Ser.

4074,

Class

JA

95,429

595,261

1.750%, 

6/15/2042,

Ser.

4097,

Class

QN

512,877

Federal

Home

Loan

Mortgage

Corporation

-

SCRT

1,192,601

2.000%, 

11/25/2059,

Ser.

2020-2,

Class

MT

c

937,407

Federal

Home

Loan

Mortgage

Corporation

-

SLST

1,800,000

2.250%, 

5/26/2031,

Ser.

2021-1,

Class

A2C

c

1,498,455

Federal

National

Mortgage

Association

-

REMIC

1,193,458

5.000%, 

3/25/2054,

Ser.

2024-9,

Class

ZC

1,151,398

422,390

4.000%, 

7/25/2052,

Ser.

2022-37,

Class

PE

403,060

323,595

2.000%, 

11/25/2032,

Ser.

2012-123,

Class

BA

295,598

369,081

3.000%, 

1/25/2043,

Ser.

2013-114,

Class

AB

343,360

684,876

4.500%, 

1/25/2046,

Ser.

2022-68,

Class

BA

668,105

Total

10,769,241

Commercial

Mortgage-Backed

Securities

(4.4%)

Federal

Home

Loan

Mortgage

Corporation

Multifamily

Structured

Pass

Through

Certificates

1,500,000

5.069%, 

10/25/2028,

Ser.

K510,

Class

A2

b,c

1,519,648

1,500,000

3.500%, 

7/25/2032,

Ser.

K148,

Class

A2

b,c

1,380,453

1,600,000

3.530%, 

8/25/2032,

Ser.

K149,

Class

A2

c

1,473,980

1,500,000

4.500%, 

8/25/2033,

Ser.

K-160,

Class

A2

b,c

1,479,216

1,350,000

5.150%, 

12/25/2033,

Ser.

K-162,

Class

A2

c

1,397,481

Total

7,250,778

Mortgage-Backed

Securities

(41.9%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

724,759

2.000%, 

1/1/2052

580,636

1,651,747

3.000%, 

2/1/2050

1,443,072

1,020,615

2.000%, 

5/1/2051

817,676

1,230,920

2.500%, 

5/1/2051

1,028,083

648,677

3.500%, 

5/1/2052

580,850

890,254

4.000%, 

5/1/2052

831,157

1,952,230

3.500%, 

6/1/2052

1,749,332

59,668

5.000%, 

7/1/2053

58,599

900,049

3.500%, 

8/1/2052

811,413

Federal

Home

Loan

Mortgage

Corporation

Gold

15-Yr.

Pass

Through

299,292

2.500%, 

7/1/2030

281,337

Government

Bond

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

107

Principal

Amount

Long-Term

Fixed

Income

(98.8%)

Value

Mortgage-Backed

Securities

(41.9%)

-

continued

Federal

National

Mortgage

Association

Conventional

10-Yr.

Pass

Through

$

1,875,171

2.000%, 

3/1/2033

$

1,748,074

Federal

National

Mortgage

Association

Conventional

20-Yr.

Pass

Through

1,028,078

3.500%, 

5/1/2040

962,105

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

2,107,876

3.000%, 

1/1/2052

1,828,306

40,370

2.000%, 

2/1/2051

32,352

78,031

2.000%, 

2/1/2051

62,532

782,862

2.500%, 

2/1/2051

653,456

1,317,475

2.500%, 

2/1/2051

1,089,819

2,149,457

2.000%, 

3/1/2051

1,707,505

3,897,918

2.000%, 

3/1/2051

3,101,792

987,304

4.000%, 

3/1/2051

931,493

2,169,742

3.000%, 

3/1/2052

1,872,558

1,081,075

2.000%, 

4/1/2051

860,500

1,289,912

3.000%, 

4/1/2051

1,115,933

4,652,244

2.000%, 

4/1/2052

3,715,194

2,500,000

2.500%, 

4/1/2054

d

2,066,151

1,331,776

3.000%, 

5/1/2050

1,158,881

80,217

2.000%, 

5/1/2051

63,975

1,110,135

3.000%, 

5/1/2051

974,706

895,680

3.000%, 

6/1/2050

790,701

226,566

4.000%, 

6/1/2052

210,140

1,977,040

2.500%, 

7/1/2051

1,656,979

447,622

3.500%, 

7/1/2051

406,753

639,262

4.000%, 

7/1/2052

592,950

786,711

3.500%, 

8/1/2050

716,623

1,243,647

4.500%, 

8/1/2052

1,189,024

783,785

3.500%, 

9/1/2052

705,477

432,427

3.500%, 

9/1/2052

d

389,223

1,255,290

4.500%, 

9/1/2053

1,197,231

453,841

4.500%, 

9/1/2053

435,040

1,339,699

4.000%, 

10/1/2052

1,245,280

91,341

2.000%, 

11/1/2051

72,943

342,657

2.000%, 

12/1/2050

274,179

2,145,590

2.500%, 

12/1/2051

1,788,141

4,190,297

4.500%, 

12/1/2052

4,019,765

1,500,000

6.000%, 

4/1/2041

d

1,513,656

2,500,000

5.500%, 

4/1/2042

d

2,487,591

1,750,000

3.000%, 

4/1/2048

d

1,505,370

1,500,000

3.500%, 

4/1/2049

d

1,342,316

2,200,000

4.000%, 

4/1/2049

d

2,037,204

500,000

4.500%, 

4/1/2049

d

476,111

2,000,000

5.000%, 

4/1/2049

d

1,951,326

Federal

National

Mortgage

Association

Conventional

40-Yr.

Pass

Through

1,581,285

2.500%, 

3/1/2062

1,265,596

536,306

3.500%, 

7/1/2061

470,673

680,146

4.000%, 

12/1/2061

622,219

Government

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

7,550,000

5.000%, 

4/1/2054

d

7,419,814

Total

68,909,812

Principal

Amount

Long-Term

Fixed

Income

(98.8%)

Value

U.S.

Government

&

Agencies

(41.6%)

Federal

Home

Loan

Bank

$

2,050,000

5.900%, 

3/10/2043

$

2,052,063

Tennessee

Valley

Authority

1,115,000

5.250%, 

9/15/2039

1,167,996

U.S.

Treasury

Bonds

9,865,000

1.375%, 

8/15/2050

5,209,568

1,000,000

6.875%, 

8/15/2025

1,029,531

U.S.

Treasury

Notes

5,750,000

2.875%, 

7/31/2025

5,602,207

525,000

2.625%, 

1/31/2026

506,092

7,000,000

4.625%, 

3/15/2026

6,993,984

4,500,000

3.750%, 

4/15/2026

4,422,305

15,000,000

3.125%, 

8/31/2027

14,409,375

11,050,000

3.625%, 

3/31/2028

10,772,023

5,350,000

3.875%, 

9/30/2029

5,255,957

10,750,000

4.500%, 

11/15/2033

10,988,515

Total

68,409,616

Total

Long-Term

Fixed

Income

(cost

$167,731,663)

162,555,194

Shares

or

Principal

Amount

Short-Term

Investments

(

13

.3

%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

400,000

5.210%,

5/21/2024

e,f

396,868

Thrivent

Core

Short-Term

Reserve

Fund

2,157,114

5.590%

21,571,141

Total

Short-Term

Investments

(cost

$21,946,490)

21,968,009

Total

Investments

(cost

$189,678,153)

112.1%

$

184,523,203

Other

Assets

and

Liabilities,

Net

(12.1%)

(

19,938,386

)

Total

Net

Assets

100.0%

$

164,584,817

a

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

March

28,

2024,

the

value

of

these

investments

was

$6,353,964

or

3.9%

of

total

net

assets.

b

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

March

28,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

c

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

d

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

e

The

interest

rate

shown

reflects

the

yield.

f

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

Government

Bond

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

108

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

Definitions:

HECM

-

Home

Equity

Conversion

Mortgage

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

SCRT

-

Seasoned

Credit

Risk

Transfer

Ser.

-

Series

SLST

-

Seasoned

Loans

Structured

Transactions

Reference

Rate

Index:

SOFR30A

-

Secured

Overnight

Financing

Rate

30

Year

Average

TSFR1M

-

CME

Term

SOFR

1

Month

TSFR3M

-

CME

Term

SOFR

3

Month

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Government

Bond

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Asset-Backed

Securities

7,215,747

–

7,215,747

–

Collateralized

Mortgage

Obligations

10,769,241

–

10,769,241

–

Commercial

Mortgage-Backed

Securities

7,250,778

–

7,250,778

–

Mortgage-Backed

Securities

68,909,812

–

68,909,812

–

U.S.

Government

&

Agencies

68,409,616

–

68,409,616

–

Short-Term

Investments

396,868

–

396,868

–

Subtotal

Investments

in

Securities

$

162,952,062

$

–

$

162,952,062

$

–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

21,571,141

Subtotal

Other

Investments

$

21,571,141

Total

Investments

at

Value

$

184,523,203

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Government

Bond

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

15,298

15,298

–

–

Total

Asset

Derivatives

$

15,298

$

15,298

$

–

$

–

Liability

Derivatives

Futures

Contracts

13,773

13,773

–

–

Total

Liability

Derivatives

$

13,773

$

13,773

$

–

$

–

The

following

table

presents

Government

Bond

Portfolio's

futures

contracts

held

as

of

March

28,

2024.

Investments

and/or

cash

totaling

$396,868

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Amount

Value

and

Unrealized

CBOT

2-Yr.

U.S.

Treasury

Note

47

June

2024

$

9,622,272

(

$

11,506

)

CBOT

5-Yr.

U.S.

Treasury

Note

125

June

2024

13,361,656

15,298

Total

Futures

Long

Contracts

$

22,983,928

$

3,792

CBOT

10-Yr.

U.S.

Treasury

Note

(

6

)

June

2024

(

$

662,515

)

(

$

2,267

)

Total

Futures

Short

Contracts

(

$

662,515

)

(

$

2,267

)

Total

Futures

Contracts

$

22,321,413

$

1,525

Government

Bond

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

109

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Government

Bond

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$

18,380

$

18,029

$

14,838

$

21,571

2,157

13.1%

Total

Affiliated

Short-Term

Investments

18,380

21,571

13.1

Total

Value

$

18,380

$

21,571

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

U.S.

Affiliated

Registered

Investment

Companies

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$–

$–

$

–

$

255

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$

255

Total

Value

$–

$–

$

–

Healthcare

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

110

a

Shares

Common

Stock

(

99

.3

%

)

Value

Biotechnology

(13.7%)

71,835

AbbVie,

Inc.

$

13,081,153

29,252

Amgen,

Inc.

8,316,929

13,659

Biogen,

Inc.

a

2,945,290

54,691

Gilead

Sciences,

Inc.

4,006,116

28,984

Halozyme

Therapeutics,

Inc.

a

1,179,069

12,258

Moderna,

Inc.

a

1,306,212

3,034

Regeneron

Pharmaceuticals,

Inc.

a

2,920,195

13,650

Vertex

Pharmaceuticals,

Inc.

a

5,705,837

Total

39,460,801

Health

Care

Distributors

(2.4%)

17,762

Cencora,

Inc.

4,315,988

4,696

McKesson

Corporation

2,521,048

Total

6,837,036

Health

Care

Equipment

(19.1%)

99,903

Abbott

Laboratories

11,354,975

7,266

ABIOMED,

Inc.,

CVR

a,b

6,670

52,896

Baxter

International,

Inc.

2,260,775

81,843

Boston

Scientific

Corporation

a

5,605,427

37,716

Dexcom,

Inc.

a

5,231,209

36,980

Edwards

Lifesciences

Corporation

a

3,533,809

13,465

Enovis

Corporation

a

840,889

3,041

IDEXX

Laboratories,

Inc.

a

1,641,927

23,632

Intuitive

Surgical,

Inc.

a

9,431,295

9,318

Masimo

Corporation

a

1,368,348

48,355

Medtronic

plc

4,214,138

8,118

QuidelOrtho

Corporation

a

389,177

9,080

Stryker

Corporation

3,249,460

43,014

Zimmer

Biomet

Holdings,

Inc.

5,676,988

Total

54,805,087

Health

Care

Facilities

(2.8%)

15,085

HCA

Healthcare,

Inc.

5,031,300

17,323

Universal

Health

Services,

Inc.

3,160,755

Total

8,192,055

Health

Care

Services

(4.2%)

5,904

Cigna

Group

2,144,274

71,460

CVS

Health

Corporation

5,699,649

11,853

Laboratory

Corporation

of

America

Holdings

2,589,406

45,346

Option

Care

Health,

Inc.

a

1,520,905

Total

11,954,234

Health

Care

Supplies

(1.7%)

8,815

Align

Technology,

Inc.

a

2,890,615

19,780

Cooper

Companies,

Inc.

2,006,879

Total

4,897,494

Life

Sciences

Tools

&

Services

(11.3%)

94,259

Avantor,

Inc.

a

2,410,202

27,235

Bio-Techne

Corporation

1,917,071

7,606

Charles

River

Laboratories

International,

Inc.

a

2,060,846

47,904

Danaher

Corporation

11,962,587

4,937

Illumina,

Inc.

a

677,949

16,428

IQVIA

Holding,

Inc.

a

4,154,477

15,885

Thermo

Fisher

Scientific,

Inc.

9,232,521

Total

32,415,653

Managed

Health

Care

(13.1%)

18,793

Centene

Corporation

a

1,474,875

13,389

Elevance

Health,

Inc.

6,942,732

Shares

Common

Stock

(99.3%)

Value

Managed

Health

Care

(13.1%)

-

continued

7,747

Humana,

Inc.

$

2,686,040

4,661

Molina

Healthcare,

Inc.

a

1,914,878

29,745

Progyny,

Inc.

a

1,134,772

47,504

UnitedHealth

Group,

Inc.

23,500,229

Total

37,653,526

Pharmaceuticals

(31.0%)

48,396

AstraZeneca

plc

ADR

3,278,829

34,538

Eli

Lilly

&

Company

26,869,182

7,175

Jazz

Pharmaceuticals,

Inc.

a

864,013

142,231

Johnson

&

Johnson

22,499,522

148,643

Merck

&

Company,

Inc.

19,613,444

28,062

Novo

Nordisk

AS

ADR

3,603,161

249,002

Pfizer,

Inc.

6,909,805

74,115

Teva

Pharmaceutical

Industries,

Ltd.

ADR

a

1,045,763

25,580

Zoetis,

Inc.

4,328,392

Total

89,012,111

Total

Common

Stock

(cost

$195,282,497)

285,227,997

Shares

Registered

Investment

Companies

(

0

.3

%

)

Value

U.S.

Unaffiliated  (0.3%)

8,894

SPDR

S&P

Biotech

ETF

843,952

Total

843,952

Total

Registered

Investment

Companies

(cost

$860,824)

843,952

Shares

Short-Term

Investments

(

0

.3

%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

78,631

5.590%

786,306

Total

Short-Term

Investments

(cost

$786,306)

786,306

Total

Investments

(cost

$196,929,627)

99.9%

$

286,858,255

Other

Assets

and

Liabilities,

Net

0.1%

394,198

Total

Net

Assets

100.0%

$

287,252,453

a

Non-income

producing

security.

b

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

CVR

-

Contingent

Value

Right

ETF

-

Exchange

Traded

Fund

plc

-

Public

Limited

Company

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Healthcare

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

111

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Healthcare

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Biotechnology

39,460,801

39,460,801

–

–

Health

Care

Distributors

6,837,036

6,837,036

–

–

Health

Care

Equipment

54,805,087

54,798,417

–

6,670

Health

Care

Facilities

8,192,055

8,192,055

–

–

Health

Care

Services

11,954,234

11,954,234

–

–

Health

Care

Supplies

4,897,494

4,897,494

–

–

Life

Sciences

Tools

&

Services

32,415,653

32,415,653

–

–

Managed

Health

Care

37,653,526

37,653,526

–

–

Pharmaceuticals

89,012,111

89,012,111

–

–

Registered

Investment

Companies

U.S.

Unaffiliated

843,952

843,952

–

–

Subtotal

Investments

in

Securities

$

286,071,949

$

286,065,279

$

–

$

6,670

Other

Investments  *

Total

Affiliated

Short-Term

Investments

786,306

Subtotal

Other

Investments

$

786,306

Total

Investments

at

Value

$

286,858,255

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Healthcare

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$

330

$

5,690

$

5,234

$

786

79

0.3%

Total

Affiliated

Short-Term

Investments

330

786

0.3

Total

Value

$

330

$

786

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$–

$–

$

–

$

6

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$

6

Total

Value

$–

$–

$

–

High

Yield

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

112

Principal

Amount

Bank

Loans

(

3.3%

)

a

Value

Basic

Materials

(0.4%)

Grinding

Media,

Inc.,

Term

Loan

$

3,352,951

9.591%, 

(TSFR3M

+

4.000%),

10/12/2028

b,c

$

3,336,187

Total

3,336,187

Capital

Goods

(0.2%)

Brand

Industrial

Services,

Inc.,

Term

Loan

1,588,020

10.806%, 

(TSFR3M

+

5.500%),

8/1/2030

b

1,593,403

Total

1,593,403

Communications

Services

(0.8%)

Cengage

Learning,

Inc.,

Term

Loan

1,554,881

0.000%, 

(TSFR1M

+

4.250%),

3/24/2031

b,d,e

1,551,476

DIRECTV

Financing,

LLC,

Term

Loan

1,347,026

10.441%, 

(TSFR1M

+

5.000%),

8/2/2027

b

1,347,592

NEP

Group,

Inc.,

Term

Loan

2,798,957

10.191%,PIK

1.500%,

(TSFR1M

+

4.750%),

8/19/2026

b,f

2,657,274

Sinclair

Television

Group,

Inc.,

Term

Loan

535,623

8.445%, 

(TSFR1M

+

3.000%),

4/3/2028

b

426,715

Total

5,983,057

Consumer

Cyclical

(0.3%)

Marriott

Ownership

Resorts,

Inc.,

Term

Loan

1,075,000

0.000%, 

(TSFR1M

+

2.250%),

3/17/2031

b,c,d,e

1,069,625

Staples,

Inc.,

Term

Loan

1,649,078

10.440%, 

(LIBOR

1M

+

5.000%),

4/13/2026

b

1,630,707

Total

2,700,332

Consumer

Non-Cyclical

(0.5%)

Amneal

Pharmaceuticals,

LLC,

Term

Loan

1,050,587

10.830%, 

(TSFR1M

+

5.500%),

5/4/2028

b

1,047,635

Chobani,

LLC,

Term

Loan

532,665

9.075%, 

(TSFR1M

+

3.750%),

10/25/2027

b

535,328

City

Brewing

Company,

LLC,

Term

Loan

725,076

9.078%, 

(TSFR3M

+

3.500%),

4/5/2028

b

556,626

HLF

Financing

SARL,

LLC,

Term

Loan

538,000

0.000%, 

(TSFR1M

+

2.500%),

8/18/2025

b,d,e

535,057

Triton

Water

Holdings,

Inc.,

Term

Loan

1,344,000

8.860%, 

(TSFR3M

+

3.500%),

3/31/2028

b

1,328,719

Total

4,003,365

Principal

Amount

Bank

Loans

(3.3%)

a

Value

Energy

(0.1%)

GIP

II

Blue

Holding,

LP,

Term

Loan

$

1,105,206

9.941%, 

(TSFR1M

+

4.500%),

9/29/2028

b

$

1,107,449

Total

1,107,449

Financials

(0.2%)

Truist

Insurance

Holdings,

LLC,

Term

Loan

1,889,000

0.000%, 

(TSFR1M

+

3.250%),

3/24/2031

b,d,e

1,885,845

Total

1,885,845

Technology

(0.3%)

CoreLogic,

Inc.,

Term

Loan

1,550,250

8.945%, 

(TSFR1M

+

3.500%),

6/2/2028

b

1,512,223

Rackspace

Finance,

LLC,

Term

Loan

1,055,094

8.183%, 

(TSFR1M

+

2.750%),

5/15/2028

b

514,358

Total

2,026,581

Transportation

(0.5%)

AAdvantage

Loyalty

IP,

Ltd.,

Term

Loan

2,227,000

10.329%, 

(TSFR3M

+

4.750%),

4/20/2028

b

2,310,201

Air

Canada,

Term

Loan

1,612,000

7.833%, 

(TSFR3M

+

2.500%),

3/21/2031

b

1,613,015

Total

3,923,216

Total

Bank

Loans

(cost

$27,622,254)

26,559,435

Principal

Amount

Long-Term

Fixed

Income

(

92.2%

)

Value

Basic

Materials

(5.8%)

ACN

113

874

712,

Pty.

Ltd.

3,195,300

11.500%, 

2/15/2018

*,g,h

3,195

ATI,

Inc.

1,539,000

7.250%, 

8/15/2030

1,590,746

Axalta

Coating

Systems

Dutch

Holding

B

BV

1,386,000

7.250%, 

2/15/2031

i

1,441,728

Baffinland

Iron

Mines

Corporation/

Baffinland

Iron

Mines,

LP

315,000

8.750%, 

7/15/2026

i

290,519

Cascades,

Inc./Cascades

USA,

Inc.

1,534,000

5.125%, 

1/15/2026

i

1,503,624

Chemours

Company

3,347,000

5.750%, 

11/15/2028

i

3,086,264

Cleveland-Cliffs,

Inc.

2,440,000

4.625%, 

3/1/2029

i

2,274,577

1,075,000

4.875%, 

3/1/2031

i

973,930

Consolidated

Energy

Finance

SA

4,014,000

5.625%, 

10/15/2028

i

3,368,708

First

Quantum

Minerals,

Ltd.

2,420,000

6.875%, 

10/15/2027

i

2,320,211

1,075,000

9.375%, 

3/1/2029

i

1,113,609

Hecla

Mining

Company

895,000

7.250%, 

2/15/2028

895,979

High

Yield

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

113

Principal

Amount

Long-Term

Fixed

Income

(92.2%)

Value

Basic

Materials

(5.8%)

-

continued

Hudbay

Minerals,

Inc.

$

675,000

4.500%, 

4/1/2026

i

$

653,830

Illuminate

Buyer,

LLC/Illuminate

Holdings

IV,

Inc.

2,040,000

9.000%, 

7/1/2028

i

2,012,456

Mercer

International,

Inc.

791,000

5.500%, 

1/15/2026

768,946

Methanex

Corporation

1,186,000

4.250%, 

12/1/2024

1,175,728

Mineral

Resources,

Ltd.

471,000

9.250%, 

10/1/2028

i

496,057

Novelis

Corporation

870,000

3.250%, 

11/15/2026

i

810,649

2,050,000

4.750%, 

1/30/2030

i

1,891,377

670,000

3.875%, 

8/15/2031

i

575,534

OCI

NV

2,971,000

4.625%, 

10/15/2025

i

2,902,053

Olin

Corporation

2,820,000

5.625%, 

8/1/2029

2,784,350

SCIL

IV,

LLC/SCIL

USA

Holdings,

LLC

1,652,000

5.375%, 

11/1/2026

i

1,603,317

SNF

Group

SACA

1,074,000

3.125%, 

3/15/2027

i

993,836

1,133,000

3.375%, 

3/15/2030

i

980,739

SunCoke

Energy,

Inc.

2,707,000

4.875%, 

6/30/2029

i

2,450,926

Taseko

Mines,

Ltd.

2,750,000

7.000%, 

2/15/2026

i

2,761,250

Tronox,

Inc.

785,000

4.625%, 

3/15/2029

i

704,095

Unifrax

Escrow

Issuer

Corporation

2,578,000

5.250%, 

9/30/2028

i

1,662,497

United

States

Steel

Corporation

2,355,000

6.875%, 

3/1/2029

j

2,377,591

Total

46,468,321

Capital

Goods

(11.6%)

AAR

Escrow

Issuer,

LLC

1,892,000

6.750%, 

3/15/2029

i

1,906,557

Abengoa

Abenewco

2

Bis

SA,

Convertible

3,963,662

0.000%,PIK

1.500%,

4/26/2024

*,f,g,h

19,818

Advanced

Drainage

Systems,

Inc.

3,060,000

5.000%, 

9/30/2027

i

2,968,515

AECOM

1,560,000

5.125%, 

3/15/2027

1,532,469

Amsted

Industries,

Inc.

890,000

5.625%, 

7/1/2027

i

876,634

2,240,000

4.625%, 

5/15/2030

i

2,045,677

ARD

Finance

SA

1,700,000

6.500%, 

6/30/2027

i

568,893

Ardagh

Packaging

Finance

plc/

Ardagh

Holdings

USA,

Inc.

3,108,000

5.250%, 

8/15/2027

i,j

1,958,040

Bombardier,

Inc.

2,201,000

7.875%, 

4/15/2027

i

2,202,538

2,250,000

6.000%, 

2/15/2028

i

2,213,268

Builders

FirstSource,

Inc.

1,070,000

5.000%, 

3/1/2030

i

1,020,976

Canpack

SA/Canpack

US,

LLC

3,166,000

3.875%, 

11/15/2029

i

2,801,756

Principal

Amount

Long-Term

Fixed

Income

(92.2%)

Value

Capital

Goods

(11.6%)

-

continued

Chart

Industries,

Inc.

$

2,241,000

7.500%, 

1/1/2030

i

$

2,327,157

Clean

Harbors,

Inc.

3,330,000

5.125%, 

7/15/2029

i

3,200,923

Clydesdale

Acquisition

Holdings,

Inc.

297,000

6.625%, 

4/15/2029

i

296,761

594,000

8.750%, 

4/15/2030

i

583,628

Cornerstone

Building

Brands,

Inc.

1,534,000

6.125%, 

1/15/2029

i

1,367,336

Covanta

Holding

Corporation

965,000

4.875%, 

12/1/2029

i

864,882

CP

Atlas

Buyer,

Inc.

2,520,000

7.000%, 

12/1/2028

i,j

2,365,039

Crown

Cork

&

Seal

Company,

Inc.

1,875,000

7.375%, 

12/15/2026

1,967,096

EMRLD

Borrower,

LP/Emerald

Co-

Issuer,

Inc.

2,400,000

6.625%, 

12/15/2030

i

2,423,023

GFL

Environmental,

Inc.

4,440,000

4.000%, 

8/1/2028

i

4,092,252

H&E

Equipment

Services,

Inc.

5,130,000

3.875%, 

12/15/2028

i

4,696,429

Herc

Holdings,

Inc.

1,994,000

5.500%, 

7/15/2027

i

1,958,485

Mauser

Packaging

Solutions

Holding

Company

1,515,000

9.250%, 

4/15/2027

i

1,502,933

Miter

Brands

Acquisition

Holdco,

Inc./MIWD

Borrower,

LLC

475,000

6.750%, 

4/1/2032

i

476,623

MIWD

Holdco

II,

LLC

1,369,000

5.500%, 

2/1/2030

i

1,259,893

Mueller

Water

Products,

Inc.

1,300,000

4.000%, 

6/15/2029

i

1,179,141

Nesco

Holdings

II,

Inc.

2,640,000

5.500%, 

4/15/2029

i

2,497,710

New

Enterprise

Stone

and

Lime

Company,

Inc.

3,553,000

5.250%, 

7/15/2028

i

3,403,743

OI

European

Group

BV

2,725,000

4.750%, 

2/15/2030

i

2,508,897

Owens-Brockway

Glass

Container,

Inc.

1,217,000

6.625%, 

5/13/2027

i

1,217,688

Pactiv

Evergreen

Group

1,670,000

4.375%, 

10/15/2028

i

1,557,895

PGT

Innovations,

Inc.

2,599,000

4.375%, 

10/1/2029

i

2,639,092

Roller

Bearing

Company

of

America,

Inc.

1,672,000

4.375%, 

10/15/2029

i

1,530,916

Rolls-Royce

plc

1,258,000

5.750%, 

10/15/2027

i

1,261,436

Sealed

Air

Corporation

1,214,000

6.125%, 

2/1/2028

i

1,216,519

Smyrna

Ready

Mix

Concrete,

LLC

2,200,000

8.875%, 

11/15/2031

i

2,351,560

Spirit

AeroSystems,

Inc.

1,571,000

9.750%, 

11/15/2030

i

1,757,267

SRM

Escrow

Issuer,

LLC

1,369,000

6.000%, 

11/1/2028

i

1,338,002

High

Yield

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

114

Principal

Amount

Long-Term

Fixed

Income

(92.2%)

Value

Capital

Goods

(11.6%)

-

continued

Summit

Materials,

LLC/Summit

Materials

Finance

Corporation

$

628,000

7.250%, 

1/15/2031

i

$

652,735

TransDigm,

Inc.

787,000

6.750%, 

8/15/2028

i

797,387

640,000

4.625%, 

1/15/2029

593,923

2,145,000

4.875%, 

5/1/2029

1,995,302

2,691,000

7.125%, 

12/1/2031

i

2,773,232

2,208,000

6.625%, 

3/1/2032

i

2,230,723

Triumph

Group,

Inc.

2,147,000

9.000%, 

3/15/2028

i

2,263,436

Trivium

Packaging

Finance

1,210,000

5.500%, 

8/15/2026

i

1,193,033

1,011,000

8.500%, 

8/15/2027

i

998,389

United

Rentals

North

America,

Inc.

2,100,000

3.875%, 

2/15/2031

1,881,610

WESCO

Distribution,

Inc.

1,587,000

7.250%, 

6/15/2028

i

1,620,227

789,000

6.375%, 

3/15/2029

i

797,112

552,000

6.625%, 

3/15/2032

i

560,936

Total

92,315,512

Communications

Services

(12.3%)

Allen

Media,

LLC/Allen

Media

Co-

Issuer,

Inc.

1,898,000

10.500%, 

2/15/2028

i

879,732

Altice

Financing

SA

1,392,000

5.750%, 

8/15/2029

i

1,115,328

Altice

France

SA/France

1,380,000

5.125%, 

7/15/2029

i

932,926

4,101,000

5.500%, 

10/15/2029

i

2,783,484

AMC

Networks,

Inc.

1,342,000

4.750%, 

8/1/2025

1,340,306

396,000

10.250%, 

1/15/2029

e,i

398,875

C&W

Senior

Finance,

Ltd.

525,000

6.875%, 

9/15/2027

i

495,805

CCO

Holdings,

LLC/CCO

Holdings

Capital

Corporation

3,265,000

5.000%, 

2/1/2028

i

3,039,405

3,380,000

5.375%, 

6/1/2029

i

3,094,214

1,029,000

6.375%, 

9/1/2029

i

976,194

4,710,000

4.750%, 

3/1/2030

i

4,044,198

1,916,000

4.250%, 

2/1/2031

i

1,564,701

843,000

4.750%, 

2/1/2032

i

687,992

Cimpress

plc

2,065,000

7.000%, 

6/15/2026

2,066,858

Clear

Channel

Outdoor

Holdings,

Inc.

2,469,000

7.500%, 

6/1/2029

i,j

2,041,965

Clear

Channel

Worldwide

Holdings,

Inc.

2,035,000

5.125%, 

8/15/2027

i

1,918,263

Connect

Finco

SARL/Connect

US

Finco,

LLC

1,287,000

6.750%, 

10/1/2026

i

1,261,614

CSC

Holdings,

LLC

1,031,000

5.375%, 

2/1/2028

i

886,786

855,000

11.750%, 

1/31/2029

i

856,333

1,933,000

6.500%, 

2/1/2029

i

1,637,852

3,434,000

5.750%, 

1/15/2030

i

1,817,868

1,240,000

4.125%, 

12/1/2030

i

886,662

DIRECTV

Financing,

LLC/DIRECTV

Financing

Co-Obligor,

Inc.

4,880,000

5.875%, 

8/15/2027

i

4,616,657

Principal

Amount

Long-Term

Fixed

Income

(92.2%)

Value

Communications

Services

(12.3%)

-

continued

DISH

DBS

Corporation

$

759,000

5.875%, 

11/15/2024

j

$

727,216

1,308,000

5.250%, 

12/1/2026

i,j

1,029,930

749,000

7.375%, 

7/1/2028

360,589

1,271,000

5.750%, 

12/1/2028

i,j

873,501

1,144,000

5.125%, 

6/1/2029

477,149

DISH

Network

Corporation

738,000

11.750%, 

11/15/2027

i

753,447

Frontier

Communications

Holdings,

LLC

898,000

5.875%, 

10/15/2027

i

869,387

1,590,000

5.000%, 

5/1/2028

i

1,475,858

1,269,000

6.750%, 

5/1/2029

i

1,130,920

561,000

8.750%, 

5/15/2030

i

574,028

GCI,

LLC

4,450,000

4.750%, 

10/15/2028

i

4,080,230

Gray

Television,

Inc.

4,024,000

5.375%, 

11/15/2031

i,j

2,638,615

iHeartCommunications,

Inc.

1,890,000

6.375%, 

5/1/2026

1,612,334

Iliad

Holding

SASU

3,054,000

6.500%, 

10/15/2026

i

3,025,395

Lamar

Media

Corporation

1,222,000

3.625%, 

1/15/2031

1,072,219

LCPR

Senior

Secured

Financing

DAC

3,707,000

6.750%, 

10/15/2027

i

3,479,088

Level

3

Financing,

Inc.

1,945,000

4.625%, 

9/15/2027

i

1,293,425

2,090,000

4.250%, 

7/1/2028

i

982,300

1,450,000

10.500%, 

5/15/2030

i,j

1,482,625

McGraw-Hill

Education,

Inc.

2,494,000

8.000%, 

8/1/2029

i

2,344,157

News

Corporation

1,794,000

3.875%, 

5/15/2029

i

1,640,527

Outfront

Media

Capital,

LLC/

Outfront

Media

Capital

Corporation

918,000

4.625%, 

3/15/2030

i

823,290

Paramount

Global

790,000

6.375%, 

3/30/2062

b

729,940

Playtika

Holding

Corporation

1,843,000

4.250%, 

3/15/2029

i

1,595,509

Scripps

Escrow

II,

Inc.

697,000

3.875%, 

1/15/2029

i

554,233

900,000

5.375%, 

1/15/2031

i

553,740

Sinclair

Television

Group,

Inc.

2,269,000

4.125%, 

12/1/2030

i

1,652,649

Sirius

XM

Radio,

Inc.

720,000

3.125%, 

9/1/2026

i

674,442

365,000

5.000%, 

8/1/2027

i

351,160

2,560,000

4.000%, 

7/15/2028

i

2,342,070

890,000

3.875%, 

9/1/2031

i

742,094

TEGNA,

Inc.

789,000

4.750%, 

3/15/2026

i

773,537

1,656,000

4.625%, 

3/15/2028

1,514,669

Telecom

Italia

Capital

SA

1,601,000

6.000%, 

9/30/2034

1,464,360

Telecom

Italia

SPA/Milano

476,000

5.303%, 

5/30/2024

i

473,411

Telesat

Canada/Telesat,

LLC

1,025,000

4.875%, 

6/1/2027

i

533,000

465,000

6.500%, 

10/15/2027

i

186,000

High

Yield

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

115

Principal

Amount

Long-Term

Fixed

Income

(92.2%)

Value

Communications

Services

(12.3%)

-

continued

United

States

Cellular

Corporation

$

582,000

6.700%, 

12/15/2033

$

570,447

Uniti

Group,

LP/Uniti

Group

Finance,

Inc./CSL

Capital,

LLC

1,381,000

4.750%, 

4/15/2028

i

1,205,787

1,155,000

6.500%, 

2/15/2029

i

895,156

Univision

Communications,

Inc.

1,927,000

4.500%, 

5/1/2029

i

1,722,072

Urban

One,

Inc.

473,000

7.375%, 

2/1/2028

i

401,363

Viasat,

Inc.

1,263,000

6.500%, 

7/15/2028

i

975,306

Virgin

Media

Finance

plc

951,000

5.000%, 

7/15/2030

i

804,696

Virgin

Media

Secured

Finance

plc

1,321,000

5.500%, 

5/15/2029

i

1,221,354

VZ

Secured

Financing

BV

2,221,000

5.000%, 

1/15/2032

i

1,906,958

YPSO

Finance

BIS

SA

1,618,000

10.500%, 

5/15/2027

i

605,417

Zayo

Group

Holdings,

Inc.

951,000

4.000%, 

3/1/2027

i

782,809

Ziggo

Bond

Company

BV

987,000

5.125%, 

2/28/2030

i,j

845,269

Total

98,167,696

Consumer

Cyclical

(16.7%)

1011778

B.C.,

ULC/New

Red

Finance,

Inc.

4,815,000

4.375%, 

1/15/2028

i

4,554,658

1,525,000

4.000%, 

10/15/2030

i

1,358,778

Adient

Global

Holdings,

Ltd.

1,256,000

8.250%, 

4/15/2031

i,j

1,325,379

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation

635,000

6.625%, 

7/15/2026

i

634,583

1,060,000

6.000%, 

6/1/2029

i

912,050

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation/

Atlas

Luxco

4

SARL

1,125,000

4.625%, 

6/1/2028

i

1,027,317

1,160,000

4.625%, 

6/1/2028

i

1,054,401

Allison

Transmission,

Inc.

1,299,000

3.750%, 

1/30/2031

i

1,133,405

American

Axle

&

Manufacturing,

Inc.

2,055,000

6.500%, 

4/1/2027

2,048,027

1,779,000

5.000%, 

10/1/2029

j

1,602,284

Anywhere

Real

Estate

Group,

LLC/Anywhere

Co-Issuer

Corporation

436,000

7.000%, 

4/15/2030

i

388,228

Arches

Buyer,

Inc.

1,732,000

6.125%, 

12/1/2028

i

1,450,851

Arko

Corporation

1,358,000

5.125%, 

11/15/2029

i

1,123,980

Ashton

Woods

USA,

LLC/Ashton

Woods

Finance

Company

800,000

4.625%, 

8/1/2029

i

737,931

1,410,000

4.625%, 

4/1/2030

i

1,288,273

Aston

Martin

Capital

Holdings,

Ltd.

537,000

10.000%, 

3/31/2029

i

546,757

Principal

Amount

Long-Term

Fixed

Income

(92.2%)

Value

Consumer

Cyclical

(16.7%)

-

continued

Beazer

Homes

USA,

Inc.

$

553,000

7.500%, 

3/15/2031

i

$

558,479

Boyd

Gaming

Corporation

2,210,000

4.750%, 

6/15/2031

i

2,030,873

Boyne

USA,

Inc.

824,000

4.750%, 

5/15/2029

i

763,825

Brookfield

Residential

Properties,

Inc./Brookfield

Residential

US,

LLC

135,000

6.250%, 

9/15/2027

i

132,074

1,825,000

5.000%, 

6/15/2029

i

1,655,512

350,000

4.875%, 

2/15/2030

i

313,925

Caesars

Entertainment,

Inc.

1,820,000

8.125%, 

7/1/2027

i

1,863,973

5,104,000

4.625%, 

10/15/2029

i,j

4,654,189

944,000

6.500%, 

2/15/2032

i

952,313

Carnival

Corporation

797,000

7.625%, 

3/1/2026

i

806,372

2,612,000

5.750%, 

3/1/2027

i

2,585,189

1,764,000

4.000%, 

8/1/2028

i

1,643,157

799,000

6.000%, 

5/1/2029

i

788,381

Carvana

Company

450,000

0.000%,PIK

12.000%,

12/1/2028

f,i

439,983

Cedar

Fair,

LP

2,136,000

5.250%, 

7/15/2029

2,024,778

Churchill

Downs,

Inc.

1,065,000

4.750%, 

1/15/2028

i

1,013,842

899,000

6.750%, 

5/1/2031

i

904,022

Cinemark

USA,

Inc.

2,331,000

5.875%, 

3/15/2026

i

2,301,416

Clarios

Global,

LP/Clarios

US

Finance

Company,

Inc.

1,153,000

8.500%, 

5/15/2027

i

1,154,744

2,335,000

6.750%, 

5/15/2028

i

2,366,821

Dana,

Inc.

1,400,000

4.250%, 

9/1/2030

1,237,094

Ford

Motor

Company

4,271,000

3.250%, 

2/12/2032

3,552,641

General

Motors

Financial

Company,

Inc.

1,606,000

5.750%, 

9/30/2027

b,k

1,515,788

Goodyear

Tire

&

Rubber

Company

1,790,000

5.000%, 

7/15/2029

j

1,671,188

Hanesbrands,

Inc.

898,000

4.875%, 

5/15/2026

i

874,316

868,000

9.000%, 

2/15/2031

i,j

891,822

Hilton

Domestic

Operating

Company,

Inc.

1,194,000

4.875%, 

1/15/2030

1,144,808

1,395,000

3.625%, 

2/15/2032

i

1,201,098

Hilton

Grand

Vacations

Borrower

Escrow,

LLC/Hilton

Grand

Vacations

Borrower

Escrow,

Inc.

1,912,000

5.000%, 

6/1/2029

i

1,783,134

International

Game

Technology

plc

1,530,000

6.250%, 

1/15/2027

i

1,541,060

835,000

5.250%, 

1/15/2029

i

806,771

Jacobs

Entertainment,

Inc.

1,182,000

6.750%, 

2/15/2029

i

1,148,218

KB

Home

2,280,000

6.875%, 

6/15/2027

2,352,709

High

Yield

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

116

Principal

Amount

Long-Term

Fixed

Income

(92.2%)

Value

Consumer

Cyclical

(16.7%)

-

continued

L

Brands,

Inc.

$

2,575,000

5.250%, 

2/1/2028

$

2,521,818

2,485,000

6.625%, 

10/1/2030

i

2,538,425

1,030,000

6.875%, 

11/1/2035

1,053,236

Light

&

Wonder

International,

Inc.

2,970,000

7.250%, 

11/15/2029

i

3,048,904

Live

Nation

Entertainment,

Inc.

1,628,000

4.750%, 

10/15/2027

i

1,554,459

Macy's

Retail

Holdings,

LLC

2,770,000

5.875%, 

4/1/2029

i,j

2,717,419

Mattamy

Group

Corporation

1,800,000

4.625%, 

3/1/2030

i

1,633,036

Michaels

Companies,

Inc.

1,248,000

5.250%, 

5/1/2028

i

1,063,395

NCL

Corporation,

Ltd.

2,417,000

5.875%, 

3/15/2026

i

2,385,943

2,294,000

5.875%, 

2/15/2027

i

2,266,455

Nordstrom,

Inc.

825,000

4.250%, 

8/1/2031

724,397

PENN

Entertainment,

Inc.

1,890,000

4.125%, 

7/1/2029

i,j

1,625,306

PetSmart,

Inc./PetSmart

Finance

Corporation

1,592,000

4.750%, 

2/15/2028

i

1,490,503

3,950,000

7.750%, 

2/15/2029

i

3,845,492

Prime

Security

Services

Borrower,

LLC/Prime

Finance,

Inc.

3,584,000

5.750%, 

4/15/2026

i

3,573,545

1,790,000

3.375%, 

8/31/2027

i

1,644,157

2,441,000

6.250%, 

1/15/2028

i,j

2,391,152

QVC,

Inc.

450,000

4.375%, 

9/1/2028

360,649

Raising

Cane's

Restaurants,

LLC

943,000

9.375%, 

5/1/2029

i

1,019,138

Real

Hero

Merger

Sub

2,

Inc.

1,396,000

6.250%, 

2/1/2029

i,j

1,223,190

Realogy

Group,

LLC/Realogy

Group

Co-Issuer

Corporation

905,000

5.750%, 

1/15/2029

i

640,869

Royal

Caribbean

Cruises,

Ltd.

3,737,000

4.250%, 

7/1/2026

i

3,606,368

1,300,000

5.375%, 

7/15/2027

i

1,281,667

793,000

9.250%, 

1/15/2029

i

850,544

1,463,000

7.250%, 

1/15/2030

i

1,520,031

Scientific

Games

Holdings,

LP/

Scientific

Games

US

FinCo,

Inc.

584,000

6.625%, 

3/1/2030

i

564,579

SeaWorld

Parks

and

Entertainment,

Inc.

1,852,000

5.250%, 

8/15/2029

i

1,744,305

Six

Flags

Theme

Parks,

Inc.

483,000

7.000%, 

7/1/2025

i

483,697

Station

Casinos,

LLC

800,000

4.500%, 

2/15/2028

i

753,628

700,000

4.625%, 

12/1/2031

i

629,157

Tenneco,

Inc.

2,258,000

8.000%, 

11/17/2028

i

2,060,285

Tripadvisor,

Inc.

441,000

7.000%, 

7/15/2025

i

439,788

Victoria's

Secret

&

Company

1,814,000

4.625%, 

7/15/2029

i

1,488,395

Viking

Cruises,

Ltd.

3,121,000

5.875%, 

9/15/2027

i

3,062,060

Principal

Amount

Long-Term

Fixed

Income

(92.2%)

Value

Consumer

Cyclical

(16.7%)

-

continued

Wabash

National

Corporation

$

2,573,000

4.500%, 

10/15/2028

i

$

2,359,537

WASH

Multifamily

Acquisition,

Inc.

1,055,000

5.750%, 

4/15/2026

i,j

1,031,128

Wynn

Resorts

Finance,

LLC/Wynn

Resorts

Capital

Corporation

1,117,000

7.125%, 

2/15/2031

i

1,155,979

ZF

North

America

Capital,

Inc.

1,053,000

6.875%, 

4/14/2028

i

1,092,172

Total

133,306,225

Consumer

Non-Cyclical

(10.8%)

1375209

B.C.,

Ltd.

1,164,000

9.000%, 

1/30/2028

i,j

1,140,723

AdaptHealth,

LLC

3,379,000

4.625%, 

8/1/2029

i

2,907,783

Albertson's

Companies,

Inc.

3,250,000

5.875%, 

2/15/2028

i

3,217,633

Albertsons

Companies,

Inc./

Safeway,

Inc./New

Albertsons,

LP/Albertsons,

LLC

1,650,000

4.625%, 

1/15/2027

i

1,596,861

1,911,000

3.500%, 

3/15/2029

i

1,715,285

B&G

Foods,

Inc.

1,693,000

5.250%, 

9/15/2027

1,581,999

Bausch

+

Lomb

Corporation

472,000

8.375%, 

10/1/2028

i

488,359

Bausch

Health

Companies,

Inc.

850,000

5.500%, 

11/1/2025

i

802,323

1,584,000

4.875%, 

6/1/2028

i

864,395

1,209,000

11.000%, 

9/30/2028

i,j

807,007

BellRing

Brands,

Inc.

1,257,000

7.000%, 

3/15/2030

i

1,294,826

Catalent

Pharma

Solutions,

Inc.

947,000

3.125%, 

2/15/2029

i

904,933

Central

Garden

&

Pet

Company

2,690,000

4.125%, 

10/15/2030

2,413,194

Cheplapharm

Arzneimittel

GmbH

290,000

5.500%, 

1/15/2028

i

276,333

Chobani,

LLC/Chobani

Finance

Corporation,

Inc.

2,183,000

4.625%, 

11/15/2028

i

2,035,729

788,000

7.625%, 

7/1/2029

i

798,835

CHS/Community

Health

Systems,

Inc.

2,108,000

5.625%, 

3/15/2027

i

1,940,203

455,000

6.000%, 

1/15/2029

i

397,487

650,000

6.125%, 

4/1/2030

i,j

468,724

888,000

5.250%, 

5/15/2030

i

724,086

1,769,000

4.750%, 

2/15/2031

i

1,365,220

Coty,

Inc./HFC

Prestige

Products,

Inc./HFC

Prestige

International

US,

LLC

2,944,000

4.750%, 

1/15/2029

i

2,785,935

1,533,000

6.625%, 

7/15/2030

i

1,556,748

Edgewell

Personal

Care

Company

1,500,000

5.500%, 

6/1/2028

i

1,466,236

Embecta

Corporation

1,200,000

5.000%, 

2/15/2030

i,j

980,289

Encompass

Health

Corporation

4,500,000

4.500%, 

2/1/2028

4,285,891

Energizer

Holdings,

Inc.

2,670,000

4.750%, 

6/15/2028

i

2,472,950

High

Yield

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

117

Principal

Amount

Long-Term

Fixed

Income

(92.2%)

Value

Consumer

Non-Cyclical

(10.8%)

-

continued

Fortrea

Holdings,

Inc.

$

1,200,000

7.500%, 

7/1/2030

i

$

1,238,741

Grifols

SA

2,149,000

4.750%, 

10/15/2028

i

1,777,998

HLF

Financing

SARL,

LLC/

Herbalife

International,

Inc.

2,829,000

4.875%, 

6/1/2029

i

1,966,155

Jazz

Securities

DAC

1,190,000

4.375%, 

1/15/2029

i

1,108,530

Legacy

LifePoint

Health,

LLC

921,000

4.375%, 

2/15/2027

i

877,635

LifePoint

Health,

Inc.

895,000

9.875%, 

8/15/2030

i

936,208

650,000

11.000%, 

10/15/2030

i

694,714

Medline

Borrower,

LP/Medline

Co-

Issuer,

Inc.

1,582,000

6.250%, 

4/1/2029

i

1,589,084

ModivCare

Escrow

Issuer,

Inc.

775,000

5.000%, 

10/1/2029

i

561,948

ModivCare,

Inc.

620,000

5.875%, 

11/15/2025

i

603,788

Mozart

Debt

Merger

Sub,

Inc.

1,953,000

3.875%, 

4/1/2029

i

1,777,633

1,322,000

5.250%, 

10/1/2029

i

1,249,513

Organon

&

Company/Organon

Foreign

Debt

Co-Issuer

BV

2,638,000

4.125%, 

4/30/2028

i

2,458,330

1,257,000

5.125%, 

4/30/2031

i

1,117,608

Owens

&

Minor,

Inc.

2,074,000

6.625%, 

4/1/2030

i,j

2,058,474

Perrigo

Finance

Unlimited

Company

932,000

4.375%, 

3/15/2026

906,888

1,092,000

3.150%, 

6/15/2030

1,003,830

Post

Holdings,

Inc.

1,100,000

4.500%, 

9/15/2031

i

989,441

Primo

Water

Holdings,

Inc.

1,810,000

4.375%, 

4/30/2029

i

1,664,432

RegionalCare

Hospital

Partners

Holdings,

Inc./LifePoint

Health,

Inc.

921,000

9.750%, 

12/1/2026

i

922,240

Sigma

Holdco

BV

1,213,000

7.875%, 

5/15/2026

i

1,164,480

Simmons

Foods,

Inc.

3,093,000

4.625%, 

3/1/2029

i

2,733,319

Spectrum

Brands,

Inc.

1,213,000

5.000%, 

10/1/2029

i

1,188,795

770,000

5.500%, 

7/15/2030

i

754,156

822,000

3.875%, 

3/15/2031

i,j

791,805

Star

Parent,

Inc.

1,573,000

9.000%, 

10/1/2030

i

1,664,715

Surgery

Center

Holdings,

Inc.

950,000

7.250%, 

4/15/2032

e,i

957,377

Tenet

Healthcare

Corporation

4,345,000

5.125%, 

11/1/2027

4,249,965

1,900,000

6.750%, 

5/15/2031

i

1,934,637

Teva

Pharmaceutical

Finance

Netherlands

III

BV

4,396,000

3.150%, 

10/1/2026

4,109,782

Total

86,342,208

Principal

Amount

Long-Term

Fixed

Income

(92.2%)

Value

Energy

(13.6%)

Antero

Midstream

Partners,

LP/

Antero

Midstream

Finance

Corporation

$

2,126,000

5.375%, 

6/15/2029

i

$

2,044,489

Antero

Resources

Corporation

407,000

5.375%, 

3/1/2030

i

390,875

Archrock

Partners,

LP/Archrock

Partners

Finance

Corporation

1,330,000

6.250%, 

4/1/2028

i

1,315,952

Ascent

Resources

Utica

Holdings,

LLC/ARU

Finance

Corporation

1,571,000

8.250%, 

12/31/2028

i

1,613,863

Baytex

Energy

Corporation

1,219,000

8.500%, 

4/30/2030

i

1,272,865

Borr

IHC,

Ltd./Borr

Finance,

LLC

1,060,000

10.000%, 

11/15/2028

i

1,100,859

463,000

10.375%, 

11/15/2030

i

481,520

Buckeye

Partners,

LP

925,000

4.125%, 

12/1/2027

870,211

2,043,000

4.500%, 

3/1/2028

i

1,940,888

Chesapeake

Energy

Corporation

1,070,000

6.750%, 

4/15/2029

i

1,081,464

Civitas

Resources,

Inc.

1,656,000

8.375%, 

7/1/2028

i

1,743,291

548,000

8.625%, 

11/1/2030

i

588,430

1,339,000

8.750%, 

7/1/2031

i

1,432,810

CNX

Resources

Corporation

818,000

7.375%, 

1/15/2031

i

833,076

Comstock

Resources,

Inc.

3,310,000

5.875%, 

1/15/2030

i

2,997,563

CQP

Holdco,

LP/BIP-V

Chinnok

Holdco,

LLC

3,075,000

5.500%, 

6/15/2031

i

2,906,232

Crescent

Energy

Finance,

LLC

950,000

9.250%, 

2/15/2028

i

1,003,092

790,000

7.625%, 

4/1/2032

i

796,087

Delek

Logistics

Partners,

LP/Delek

Logistics

Finance

Corporation

946,000

8.625%, 

3/15/2029

i

966,026

Diamond

Foreign

Asset

Company/

Diamond

Finance,

LLC

629,000

8.500%, 

10/1/2030

i

663,852

DT

Midstream,

Inc.

1,710,000

4.125%, 

6/15/2029

i

1,572,058

610,000

4.375%, 

6/15/2031

i

552,431

Enerflex,

Ltd.

1,184,000

9.000%, 

10/15/2027

i

1,216,522

EQM

Midstream

Partners,

LP

4,179,000

4.750%, 

1/15/2031

i

3,886,284

Ferrellgas,

LP/Ferrellgas

Finance

Corporation

1,717,000

5.375%, 

4/1/2026

i

1,679,815

Genesis

Energy

LP/Genesis

Energy

Finance

Corporation

2,530,000

8.875%, 

4/15/2030

2,648,283

Harvest

Midstream,

LP

2,307,000

7.500%, 

9/1/2028

i

2,339,139

Hess

Midstream

Operations,

LP

1,605,000

4.250%, 

2/15/2030

i

1,474,846

Hilcorp

Energy

I,

LP/Hilcorp

Finance

Company

2,274,000

5.750%, 

2/1/2029

i

2,214,961

1,065,000

6.000%, 

2/1/2031

i

1,035,523

1,750,000

6.250%, 

4/15/2032

i

1,725,842

High

Yield

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

118

Principal

Amount

Long-Term

Fixed

Income

(92.2%)

Value

Energy

(13.6%)

-

continued

Howard

Midstream

Energy

Partners,

LLC

$

2,623,000

6.750%, 

1/15/2027

i

$

2,617,035

ITT

Holdings,

LLC

1,995,000

6.500%, 

8/1/2029

i

1,820,636

Laredo

Petroleum,

Inc.

3,175,000

7.750%, 

7/31/2029

i

3,201,229

MEG

Energy

Corporation

1,981,000

5.875%, 

2/1/2029

i

1,946,567

Mesquite

Energy,

Inc.

3,740,000

0.000%, 

2/15/2023

*,g,h

224,400

Nabors

Industries,

Inc.

1,200,000

9.125%, 

1/31/2030

i

1,247,588

Nabors

Industries,

Ltd.

1,770,000

7.250%, 

1/15/2026

i

1,759,042

New

Fortress

Energy,

Inc.

584,000

6.750%, 

9/15/2025

i

580,019

632,000

8.750%, 

3/15/2029

i

629,591

NGL

Energy

Operating,

LLC/NGL

Energy

Finance

Corporation

628,000

8.125%, 

2/15/2029

i

643,186

942,000

8.375%, 

2/15/2032

i

965,651

Noble

Finance

II,

LLC

1,498,000

8.000%, 

4/15/2030

i

1,560,392

Northern

Oil

and

Gas,

Inc.

1,522,000

8.750%, 

6/15/2031

i

1,607,174

Northriver

Midstream

Finance,

LP

825,000

5.625%, 

2/15/2026

i

817,944

NuStar

Logistics,

LP

1,226,000

6.375%, 

10/1/2030

1,233,927

Patterson-UTI

Energy,

Inc.

1,065,000

3.950%, 

2/1/2028

1,006,556

530,000

5.150%, 

11/15/2029

j

518,560

PBF

Holding

Company,

LLC/PBF

Finance

Corporation

1,255,000

6.000%, 

2/15/2028

1,234,910

Permian

Resources

Operating,

LLC

2,358,000

7.000%, 

1/15/2032

i

2,446,222

Prairie

Acquiror,

LP

1,261,000

9.000%, 

8/1/2029

i

1,298,125

Precision

Drilling

Corporation

1,805,000

6.875%, 

1/15/2029

i

1,801,646

Range

Resources

Corporation

1,745,000

4.750%, 

2/15/2030

i

1,626,951

Rockcliff

Energy

II,

LLC

1,703,000

5.500%, 

10/15/2029

i

1,593,702

Rockies

Express

Pipeline,

LLC

1,610,000

4.950%, 

7/15/2029

i

1,504,687

SM

Energy

Company

930,000

5.625%, 

6/1/2025

925,586

992,000

6.750%, 

9/15/2026

992,992

Southwestern

Energy

Company

1,037,000

4.750%, 

2/1/2032

954,619

Sunoco,

LP/Sunoco

Finance

Corporation

1,200,000

4.500%, 

5/15/2029

1,115,422

850,000

4.500%, 

4/30/2030

778,363

Tallgrass

Energy

Partners

LP/

Tallgrass

Energy

Finance

Corporation

2,845,000

5.500%, 

1/15/2028

i

2,741,107

Principal

Amount

Long-Term

Fixed

Income

(92.2%)

Value

Energy

(13.6%)

-

continued

Talos

Production,

Inc.

$

472,000

9.000%, 

2/1/2029

i

$

501,249

Teine

Energy,

Ltd.

1,602,000

6.875%, 

4/15/2029

i

1,557,929

Transocean,

Inc.

3,837,000

11.500%, 

1/30/2027

i

3,998,994

USA

Compression

Partners,

LP/

USA

Compression

Finance

Corporation

1,168,000

6.875%, 

4/1/2026

1,166,657

800,000

6.875%, 

9/1/2027

801,903

Valaris,

Ltd.

1,539,000

8.375%, 

4/30/2030

i

1,587,529

Venture

Global

Calcasieu

Pass,

LLC

2,490,000

3.875%, 

8/15/2029

i

2,241,366

927,000

6.250%, 

1/15/2030

i

932,620

1,680,000

4.125%, 

8/15/2031

i

1,493,855

Venture

Global

LNG,

Inc.

1,060,000

9.500%, 

2/1/2029

i

1,142,535

3,102,000

8.375%, 

6/1/2031

i

3,198,996

Weatherford

International,

Ltd.

1,466,000

8.625%, 

4/30/2030

i

1,530,459

Total

107,937,070

Financials

(10.3%)

Acrisure,

LLC/Acrisure

Finance,

Inc.

1,160,000

6.000%, 

8/1/2029

i

1,063,811

AerCap

Holdings

NV

2,820,000

5.875%, 

10/10/2079

b

2,799,787

Alliant

Holdings

Intermediate,

LLC/

Alliant

Holdings

Co-Issuer,

Inc.

2,083,000

6.750%, 

10/15/2027

i

2,052,221

780,000

6.750%, 

4/15/2028

i

785,505

390,000

7.000%, 

1/15/2031

i

393,907

Ally

Financial,

Inc.

390,000

6.700%, 

2/14/2033

394,017

AmWINS

Group,

Inc.

630,000

6.375%, 

2/15/2029

i

633,401

1,872,000

4.875%, 

6/30/2029

i

1,747,292

Avolon

Holdings

Funding,

Ltd.

1,048,000

2.528%, 

11/18/2027

i

932,081

Bread

Financial

Holdings,

Inc.

944,000

9.750%, 

3/15/2029

i

982,399

Brookfield

Property

REIT,

Inc./BPR

Cumulus,

LLC/BPR

Nimbus,

LLC/GGSI

Sellco,

LLC

543,000

4.500%, 

4/1/2027

i

495,625

Burford

Capital

Global

Finance,

LLC

2,781,000

9.250%, 

7/1/2031

i

2,943,366

Castlelake

Aviation

Finance

DAC

1,218,000

5.000%, 

4/15/2027

i

1,173,116

Centene

Corporation

962,000

4.625%, 

12/15/2029

913,303

920,000

3.375%, 

2/15/2030

814,137

Credit

Acceptance

Corporation

2,200,000

9.250%, 

12/15/2028

i

2,366,278

Diversified

Healthcare

Trust

431,000

Zero

Coupon, 

1/15/2026

i

365,891

High

Yield

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

119

Principal

Amount

Long-Term

Fixed

Income

(92.2%)

Value

Financials

(10.3%)

-

continued

Drawbridge

Special

Opportunities

Fund,

LP

$

3,389,000

3.875%, 

2/15/2026

i

$

3,168,438

Enact

Holdings,

Inc.

1,142,000

6.500%, 

8/15/2025

i

1,141,772

Encore

Capital

Group,

Inc.

1,114,000

9.250%, 

4/1/2029

i

1,141,156

FirstCash,

Inc.

1,610,000

4.625%, 

9/1/2028

i

1,515,358

Fortress

Transportation

and

Infrastructure

Investors,

LLC

1,769,000

6.500%, 

10/1/2025

i

1,766,350

1,100,000

9.750%, 

8/1/2027

i

1,138,982

Freedom

Mortgage

Corporation

805,000

7.625%, 

5/1/2026

i

803,749

629,000

12.000%, 

10/1/2028

i

685,613

Freedom

Mortgage

Holdings,

LLC

629,000

9.250%, 

2/1/2029

i

643,748

GGAM

Finance,

Ltd.

1,591,000

8.000%, 

2/15/2027

i

1,642,739

791,000

8.000%, 

6/15/2028

i

826,064

634,000

6.875%, 

4/15/2029

i

636,378

Global

Net

Lease,

Inc./Global

Net

Lease

Operating

Partnership,

LP

2,320,000

3.750%, 

12/15/2027

i

1,985,195

goeasy,

Ltd.

1,257,000

9.250%, 

12/1/2028

i

1,340,217

HAT

Holdings

I,

LLC/HAT

Holdings

II,

LLC

531,000

8.000%, 

6/15/2027

i

553,674

HUB

International,

Ltd.

2,343,000

5.625%, 

12/1/2029

i

2,196,858

624,000

7.375%, 

1/31/2032

i

628,202

Icahn

Enterprises,

LP/Icahn

Enterprises

Finance

Corporation

1,105,000

4.750%, 

9/15/2024

1,099,909

1,864,000

6.250%, 

5/15/2026

1,799,366

1,766,000

5.250%, 

5/15/2027

1,596,006

Jefferies

Finance,

LLC/JFIN

Co-

Issuer

Corporation

601,000

5.000%, 

8/15/2028

i

552,672

Jefferson

Capital

Holdings,

LLC

627,000

6.000%, 

8/15/2026

i

615,229

1,571,000

9.500%, 

2/15/2029

i

1,608,134

Ladder

Capital

Finance

Holdings,

LLLP/Ladder

Capital

Finance

Corporation

788,000

4.250%, 

2/1/2027

i

737,240

1,267,000

4.750%, 

6/15/2029

i

1,151,740

Macquarie

Airfinance

Holdings,

Ltd.

1,581,000

6.400%, 

3/26/2029

i

1,606,011

Molina

Healthcare,

Inc.

1,505,000

4.375%, 

6/15/2028

i

1,414,743

MPT

Operating

Partnership,

LP/

MPT

Finance

Corporation

960,000

5.250%, 

8/1/2026

j

878,808

1,530,000

4.625%, 

8/1/2029

j

1,174,228

Nationstar

Mortgage

Holdings,

Inc.

1,480,000

6.000%, 

1/15/2027

i

1,459,003

Principal

Amount

Long-Term

Fixed

Income

(92.2%)

Value

Financials

(10.3%)

-

continued

Necessity

Retail

REIT,

Inc./

American

Finance

Operating

Partner,

LP

$

914,000

4.500%, 

9/30/2028

i

$

782,270

Office

Properties

Income

Trust

647,000

2.650%, 

6/15/2026

373,815

OneMain

Finance

Corporation

2,310,000

7.125%, 

3/15/2026

2,351,917

852,000

3.500%, 

1/15/2027

790,912

1,298,000

4.000%, 

9/15/2030

1,110,888

Park

Intermediate

Holdings,

LLC

1,651,000

4.875%, 

5/15/2029

i

1,535,301

PRA

Group,

Inc.

392,000

7.375%, 

9/1/2025

i

391,302

2,385,000

8.375%, 

2/1/2028

i

2,373,556

Quicken

Loans,

LLC

2,812,000

3.875%, 

3/1/2031

i

2,449,812

RHP

Hotel

Properties,

LP/RHP

Finance

Corporation

1,711,000

7.250%, 

7/15/2028

i

1,762,012

RLJ

Lodging

Trust,

LP

736,000

3.750%, 

7/1/2026

i

700,897

1,650,000

4.000%, 

9/15/2029

i

1,454,507

Service

Properties

Trust

1,127,000

7.500%, 

9/15/2025

1,142,192

865,000

8.625%, 

11/15/2031

i

922,468

SLM

Corporation

780,000

4.200%, 

10/29/2025

761,158

Synchrony

Financial

403,000

7.250%, 

2/2/2033

400,102

UBS

Group

AG

1,050,000

2.193%, 

6/5/2026

b,i

1,006,677

United

Wholesale

Mortgage,

LLC

440,000

5.500%, 

11/15/2025

i

436,033

1,200,000

5.500%, 

4/15/2029

i

1,134,959

XHR,

LP

736,000

6.375%, 

8/15/2025

i

736,935

840,000

4.875%, 

6/1/2029

i

777,729

Total

81,759,161

Technology

(6.2%)

AthenaHealth

Group,

Inc.

2,292,000

6.500%, 

2/15/2030

i,j

2,096,306

Boost

Newco

Borrower,

LLC

1,224,000

7.500%, 

1/15/2031

i

1,281,299

Cloud

Software

Group,

Inc.

3,023,000

6.500%, 

3/31/2029

i

2,868,711

599,000

9.000%, 

9/30/2029

i

574,511

CommScope,

Inc.

1,330,000

7.125%, 

7/1/2028

i

526,105

Consensus

Cloud

Solutions,

Inc.

396,000

6.000%, 

10/15/2026

i

376,379

CoreLogic,

Inc.

475,000

4.500%, 

5/1/2028

i

425,915

Everi

Holdings,

Inc.

1,065,000

5.000%, 

7/15/2029

i,j

1,055,091

Gen

Digital,

Inc.

61,000

6.750%, 

9/30/2027

i

61,874

944,000

7.125%, 

9/30/2030

i

969,902

II-VI,

Inc.

902,000

5.000%, 

12/15/2029

i

849,544

Iron

Mountain,

Inc.

3,815,000

5.250%, 

3/15/2028

i

3,691,117

High

Yield

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

120

Principal

Amount

Long-Term

Fixed

Income

(92.2%)

Value

Technology

(6.2%)

-

continued

$

890,000

5.000%, 

7/15/2028

i

$

851,446

1,560,000

5.250%, 

7/15/2030

i

1,475,725

1,840,000

4.500%, 

2/15/2031

i

1,660,117

McAfee

Corporation

792,000

7.375%, 

2/15/2030

i

726,301

MSCI,

Inc.

2,805,000

3.250%, 

8/15/2033

i

2,310,850

NCR

Atleos

Corporation

633,000

9.500%, 

4/1/2029

i

677,062

NCR

Voyix

Corporation

2,265,000

5.125%, 

4/15/2029

i

2,100,681

Neptune

Bidco

US,

Inc.

803,000

9.290%, 

4/15/2029

i

759,296

Newfold

Digital

Holdings

Group,

Inc.

475,000

11.750%, 

10/15/2028

i

514,147

Open

Text

Corporation

2,284,000

3.875%, 

12/1/2029

i

2,035,044

1,578,000

4.125%, 

2/15/2030

i

1,413,691

Pitney

Bowes,

Inc.

396,000

6.875%, 

3/15/2027

i

361,593

PTC,

Inc.

390,000

3.625%, 

2/15/2025

i

381,856

1,445,000

4.000%, 

2/15/2028

i

1,350,452

Rackspace

Technology

Global,

Inc.

1,035,000

3.500%, 

2/15/2028

i

357,761

RingCentral,

Inc.

1,570,000

8.500%, 

8/15/2030

i

1,632,382

Seagate

HDD

Cayman

2,483,000

4.091%, 

6/1/2029

2,290,568

Sensata

Technologies

BV

3,200,000

4.000%, 

4/15/2029

i

2,921,879

Sensata

Technologies,

Inc.

1,275,000

3.750%, 

2/15/2031

i

1,102,878

Shift4

Payments,

LLC/Shift4

Payments

Finance

Sub,

Inc.

1,360,000

4.625%, 

11/1/2026

i

1,314,914

SS&C

Technologies,

Inc.

2,253,000

5.500%, 

9/30/2027

i

2,202,888

UKG,

Inc.

1,571,000

6.875%, 

2/1/2031

i

1,600,420

Unisys

Corporation

1,690,000

6.875%, 

11/1/2027

i

1,501,988

Viavi

Solutions,

Inc.

1,662,000

3.750%, 

10/1/2029

i

1,425,981

Xerox

Holdings

Corporation

167,000

5.000%, 

8/15/2025

i

164,785

1,775,000

5.500%, 

8/15/2028

i

1,616,084

Total

49,527,543

Transportation

(1.9%)

American

Airlines

Group,

Inc.

534,000

3.750%, 

3/1/2025

i

519,175

American

Airlines,

Inc.

706,000

8.500%, 

5/15/2029

i

745,859

American

Airlines,

Inc./

AAdvantage

Loyalty

IP,

Ltd.

1,203,000

5.500%, 

4/20/2026

i

1,194,807

Avis

Budget

Car

Rental,

LLC/Avis

Budget

Finance,

Inc.

1,004,000

5.375%, 

3/1/2029

i,j

935,719

Principal

Amount

Long-Term

Fixed

Income

(92.2%)

Value

Transportation

(1.9%)

-

continued

Delta

Air

Lines,

Inc.

$

877,000

7.000%, 

5/1/2025

i

$

888,507

Hawaiian

Brand

Intellectual

Property,

Ltd.

1,263,000

5.750%, 

1/20/2026

i

1,185,270

Hertz

Corporation

887,000

4.625%, 

12/1/2026

i

804,987

973,000

5.000%, 

12/1/2029

i,j

751,902

Rand

Parent,

LLC

1,564,000

8.500%, 

2/15/2030

i,j

1,548,767

RXO,

Inc.

1,776,000

7.500%, 

11/15/2027

i

1,822,620

Spirit

Loyalty

Cayman,

Ltd.

552,000

8.000%, 

9/20/2025

i

419,037

Stena

International

SA

1,255,000

7.250%, 

1/15/2031

i

1,251,804

United

Airlines,

Inc.

1,165,000

4.375%, 

4/15/2026

i

1,126,250

VistaJet

Malta

Finance

plc/Vista

Management

Holding,

Inc.

461,000

7.875%, 

5/1/2027

i,j

389,740

2,300,000

6.375%, 

2/1/2030

i,j

1,695,383

Total

15,279,827

Utilities

(3.0%)

Calpine

Corporation

1,290,000

4.500%, 

2/15/2028

i

1,223,530

Edison

International

1,345,000

5.000%, 

12/15/2026

b,k

1,274,256

Leeward

Renewable

Energy

Operations,

LLC

1,065,000

4.250%, 

7/1/2029

i

913,849

NextEra

Energy

Operating

Partners,

LP

2,792,000

3.875%, 

10/15/2026

i

2,603,859

NRG

Energy,

Inc.

1,340,000

5.250%, 

6/15/2029

i

1,281,058

PG&E

Corporation

2,069,000

5.000%, 

7/1/2028

1,992,574

Sunnova

Energy

Corporation

1,070,000

5.875%, 

9/1/2026

i,j

832,996

Talen

Energy

Supply,

LLC

1,478,000

8.625%, 

6/1/2030

i

1,580,505

Terraform

Global

Operating,

LLC

2,660,000

6.125%, 

3/1/2026

i

2,622,767

TerraForm

Power

Operating,

LLC

3,745,000

5.000%, 

1/31/2028

i

3,566,788

Vistra

Corporation

3,265,000

7.000%, 

12/15/2026

b,i,k

3,232,826

Vistra

Operations

Company,

LLC

2,437,000

5.000%, 

7/31/2027

i

2,359,811

Total

23,484,819

Total

Long-Term

Fixed

Income

(cost

$766,215,515)

734,588,382

Shares

Collateral

Held

for

Securities

Loaned

(

6.5%

)

Value

51,872,969

Thrivent

Cash

Management

Trust

51,872,969

Total

Collateral

Held

for

Securities

Loaned

(cost

$51,872,969)

51,872,969

High

Yield

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

121

Shares

Registered

Investment

Companies

(

1.9%

)

Value

U.S.

Unaffiliated  (1.9%)

159,563

SPDR

Bloomberg

High

Yield

Bond

ETF

j

$

15,190,397

Total

15,190,397

Total

Registered

Investment

Companies

(cost

$14,331,165)

15,190,397

Shares

Common

Stock

(

0.1%

)

Value

Communications

Services

(0.1%)

85,655

Windstream

Services,

LLC

l

813,723

Total

813,723

Energy

(<0.1%)

12,877

California

Resources

Corporation,

Warrants

(Expires

10/27/2024)

l

251,874

Total

251,874

Total

Common

Stock

(cost

$844,873)

1,065,597

Shares

or

Principal

Amount

Short-Term

Investments

(

1.4%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

954,935

5.590%

9,549,350

U.S.

Treasury

Bills

1,100,000

5.207%,

4/11/2024

m

1,098,399

Total

Short-Term

Investments

(cost

$10,637,687)

10,647,749

Total

Investments

(cost

$871,524,463)

105.4%

$839,924,529

Other

Assets

and

Liabilities,

Net

(5.4%)

(42,946,020)

Total

Net

Assets

100.0%

$796,978,509

a

The

stated

interest

rate

represents

the

weighted

average

of

all

contracts

within

the

bank

loan

facility.

b

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

March

28,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

c

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

d

All

or

a

portion

of

the

loan

is

unfunded.

e

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

f

Denotes

payment-in-kind

security.  The

security

may

pay

an

interest

or

dividend

payment

with

additional

fixed

income

or

equity

securities

in

lieu

of,

or

in

addition

to

a

cash

payment.  The

cash

rate

and/or

payment-in-kind

rate

shown

are

as

of

March

28,

2024.

g

Defaulted

security.  Interest

is

not

being

accrued.

h

In

bankruptcy.  Income

is

not

being

accrued

per

the

bankruptcy

agreement

terms.

i

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

March

28,

2024,

the

value

of

these

investments

was

$626,274,244

or

78.6%

of

total

net

assets.

j

All

or

a

portion

of

the

security

is

on

loan.

k

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

l

Non-income

producing

security.

m

The

interest

rate

shown

reflects

the

yield.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

High

Yield

Portfolio

as

of

March

28,

2024

was

$247,413

or

0.03%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

March

28,

2024.

Security

Acquisition

Date

Cost

Abengoa

Abenewco

2

Bis

SA,

Convertible,

4/26/2024

4/26/2019

$

563,723

ACN

113

874

712,

Pty.

Ltd.,

2/15/2018

2/9/2011

3,026,704

Mesquite

Energy,

Inc.,

2/15/2023

6/30/2020

–

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

High

Yield

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

35,521,074

Common

Stock

14,508,480

Total

lending

$50,029,554

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$51,872,969

Net

amounts

due

to

counterparty

$1,843,415

Definitions:

ETF

-

Exchange

Traded

Fund

PIK

-

Payment-In-Kind

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Reference

Rate

Index:

LIBOR

1M

-

ICE

Libor

USD

Rate

1

Month

TSFR1M

-

CME

Term

SOFR

1

Month

TSFR3M

-

CME

Term

SOFR

3

Month

High

Yield

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

122

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

High

Yield

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Bank

Loans

Basic

Materials

3,336,187

–

–

3,336,187

Capital

Goods

1,593,403

–

1,593,403

–

Communications

Services

5,983,057

–

5,983,057

–

Consumer

Cyclical

2,700,332

–

1,630,707

1,069,625

Consumer

Non-Cyclical

4,003,365

–

4,003,365

–

Energy

1,107,449

–

1,107,449

–

Financials

1,885,845

–

1,885,845

–

Technology

2,026,581

–

2,026,581

–

Transportation

3,923,216

–

3,923,216

–

Long-Term

Fixed

Income

Basic

Materials

46,468,321

–

46,468,321

–

Capital

Goods

92,315,512

–

92,315,512

–

Communications

Services

98,167,696

–

98,167,696

–

Consumer

Cyclical

133,306,225

–

133,306,225

–

Consumer

Non-Cyclical

86,342,208

–

86,342,208

–

Energy

107,937,070

–

107,937,070

–

Financials

81,759,161

–

81,759,161

–

Technology

49,527,543

–

49,527,543

–

Transportation

15,279,827

–

15,279,827

–

Utilities

23,484,819

–

23,484,819

–

Registered

Investment

Companies

U.S.

Unaffiliated

15,190,397

15,190,397

–

–

Common

Stock

Communications

Services

813,723

–

813,723

–

Energy

251,874

251,874

–

–

Short-Term

Investments

1,098,399

–

1,098,399

–

Subtotal

Investments

in

Securities

$778,502,210

$15,442,271

$758,654,127

$4,405,812

Other

Investments  *

Total

Affiliated

Short-Term

Investments

9,549,350

Collateral

Held

for

Securities

Loaned

51,872,969

Subtotal

Other

Investments

$61,422,319

Total

Investments

at

Value

$839,924,529

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

High

Yield

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

123

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

High

Yield

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$

20,508

$48,961

$59,920

$9,549

955

1.2%

Total

Affiliated

Short-Term

Investments

20,508

9,549

1.2

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

60,748

71,115

79,990

51,873

51,873

6.5

Total

Collateral

Held

for

Securities

Loaned

60,748

51,873

6.5

Total

Value

$81,256

$61,422

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$–

$–

$

–

$224

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$224

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

63

Total

Affiliated

Income

from

Securities

Loaned,

Net

$63

Total

Value

$–

$–

$

–

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

124

Principal

Amount

Long-Term

Fixed

Income

(

98.5%

)

Value

Asset-Backed

Securities

(<0.1%)

GMAC

Mortgage

Corporation

Loan

Trust

$

104,748

5.944%, 

(TSFR1M

+

0.614%),

8/25/2035,

Ser.

2005-HE1,

Class

A2

a,b

$

57,023

Preferred

Term

Securities

XXIII,

Ltd./Preferred

Term

Securities

XXIII,

Inc.

133,735

5.791%, 

(TSFR3M

+

0.462%),

12/22/2036,

Ser.

A-FP

b,c

132,734

Total

189,757

Basic

Materials

(2.4%)

Alcoa

Nederland

Holding

BV

240,000

5.500%, 

12/15/2027

c

237,635

Anglo

American

Capital

plc

2,050,000

4.750%, 

4/10/2027

c

2,008,782

Celanese

US

Holdings,

LLC

2,800,000

6.550%, 

11/15/2030

2,945,093

FMC

Corporation

4,400,000

5.650%, 

5/18/2033

d

4,326,987

Freeport-McMoRan,

Inc.

320,000

4.125%, 

3/1/2028

305,766

Glencore

Funding,

LLC

1,275,000

5.893%, 

4/4/2054

c,e

1,291,731

1,800,000

3.375%, 

9/23/2051

c

1,232,015

3,751,000

4.000%, 

3/27/2027

c

3,626,036

2,700,000

2.500%, 

9/1/2030

c,d

2,292,021

International

Flavors

&

Fragrances,

Inc.

1,700,000

1.832%, 

10/15/2027

c

1,507,416

3,650,000

2.300%, 

11/1/2030

c

3,032,220

Newmont

Corporation/Newcrest

Finance,

Pty.

Ltd.

1,700,000

5.350%, 

3/15/2034

c

1,710,841

Olin

Corporation

320,000

5.125%, 

9/15/2027

312,600

Smurfit

Kappa

Treasury,

ULC

2,950,000

5.777%, 

4/3/2054

c,e

2,983,913

1,550,000

5.200%, 

1/15/2030

c,e

1,546,936

1,800,000

5.438%, 

4/3/2034

c,e

1,800,686

Total

31,160,678

Capital

Goods

(5.0%)

BAE

Systems

plc

625,000

5.500%, 

3/26/2054

c

630,930

2,550,000

3.400%, 

4/15/2030

c

2,325,657

1,600,000

1.900%, 

2/15/2031

c

1,301,713

Boeing

Company

1,750,000

5.805%, 

5/1/2050

1,655,724

7,400,000

5.930%, 

5/1/2060

6,937,758

3,500,000

5.705%, 

5/1/2040

3,349,995

Carrier

Global

Corporation

1,550,000

2.700%, 

2/15/2031

1,333,679

CNH

Industrial

Capital,

LLC

2,900,000

4.550%, 

4/10/2028

2,841,399

Howmet

Aerospace,

Inc.

4,750,000

3.000%, 

1/15/2029

4,289,366

2,400,000

5.950%, 

2/1/2037

2,483,835

Huntington

Ingalls

Industries,

Inc.

1,150,000

3.844%, 

5/1/2025

1,128,550

Principal

Amount

Long-Term

Fixed

Income

(98.5%)

Value

Capital

Goods

(5.0%)

-

continued

Ingersoll

Rand,

Inc.

$

700,000

5.400%, 

8/14/2028

$

709,287

1,000,000

5.700%, 

8/14/2033

1,025,838

John

Deere

Capital

Corporation

4,000,000

5.150%, 

9/8/2033

4,085,191

L3Harris

Technologies,

Inc.

2,250,000

5.400%, 

1/15/2027

2,266,054

Lockheed

Martin

Corporation

1,600,000

5.900%, 

11/15/2063

1,752,547

Northrop

Grumman

Corporation

1,550,000

4.700%, 

3/15/2033

1,513,152

Regal

Rexnord

Corporation

2,850,000

6.050%, 

4/15/2028

c

2,889,225

2,800,000

6.300%, 

2/15/2030

c

2,866,382

Republic

Services,

Inc.

5,100,000

4.875%, 

4/1/2029

5,107,964

RTX

Corporation

1,000,000

3.030%, 

3/15/2052

662,146

1,150,000

6.400%, 

3/15/2054

1,301,062

2,850,000

6.000%, 

3/15/2031

2,995,940

1,150,000

6.100%, 

3/15/2034

1,229,102

1,925,000

4.450%, 

11/16/2038

1,733,867

Teledyne

Technologies,

Inc.

2,250,000

2.250%, 

4/1/2028

2,023,260

Textron,

Inc.

2,060,000

3.650%, 

3/15/2027

1,976,835

Waste

Connections,

Inc.

4,400,000

5.000%, 

3/1/2034

4,357,571

Total

66,774,029

Collateralized

Mortgage

Obligations

(<0.1%)

Wachovia

Mortgage

Loan

Trust,

LLC

47,369

5.937%, 

5/20/2036,

Ser.

2006-A,

Class

2A1

b

45,014

Total

45,014

Communications

Services

(7.4%)

American

Tower

Corporation

1,810,000

3.125%, 

1/15/2027

1,711,361

3,100,000

1.875%, 

10/15/2030

2,513,486

1,400,000

5.650%, 

3/15/2033

1,421,902

AT&T,

Inc.

2,250,000

3.650%, 

6/1/2051

1,651,808

1,981,000

4.300%, 

2/15/2030

1,903,879

2,250,000

2.750%, 

6/1/2031

1,938,061

4,487,000

2.550%, 

12/1/2033

3,593,975

4,800,000

5.400%, 

2/15/2034

4,862,965

1,700,000

4.500%, 

3/9/2048

1,445,955

CCO

Holdings,

LLC/CCO

Holdings

Capital

Corporation

2,100,000

5.000%, 

2/1/2028

c

1,954,900

Charter

Communications

Operating,

LLC/Charter

Communications

Operating

Capital

Corporation

1,700,000

4.800%, 

3/1/2050

1,258,360

2,050,000

4.908%, 

7/23/2025

2,025,051

1,000,000

6.150%, 

11/10/2026

1,007,831

2,450,000

6.384%, 

10/23/2035

2,421,282

2,500,000

3.500%, 

6/1/2041

1,678,690

Comcast

Corporation

1,183,000

2.887%, 

11/1/2051

767,913

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

125

Principal

Amount

Long-Term

Fixed

Income

(98.5%)

Value

Communications

Services

(7.4%)

-

continued

$

2,650,000

4.600%, 

10/15/2038

$

2,472,852

1,200,000

4.650%, 

7/15/2042

1,098,703

Cox

Communications,

Inc.

2,700,000

3.350%, 

9/15/2026

c

2,582,939

Crown

Castle,

Inc.

2,200,000

3.800%, 

2/15/2028

2,082,777

2,200,000

4.300%, 

2/15/2029

2,108,845

Discovery

Communications,

LLC

1,100,000

4.900%, 

3/11/2026

1,089,076

Meta

Platforms,

Inc.

2,000,000

5.600%, 

5/15/2053

2,113,872

2,500,000

4.800%, 

5/15/2030

2,513,697

2,250,000

4.950%, 

5/15/2033

2,277,431

Netflix,

Inc.

2,731,000

5.875%, 

11/15/2028

2,838,951

1,800,000

6.375%, 

5/15/2029

1,917,092

4,300,000

4.875%, 

6/15/2030

c

4,269,917

Paramount

Global

3,750,000

6.250%, 

2/28/2057

b

3,298,224

Rogers

Communications,

Inc.

1,850,000

5.000%, 

2/15/2029

1,837,152

1,100,000

5.300%, 

2/15/2034

1,090,187

SBA

Communications

Corporation

320,000

3.125%, 

2/1/2029

282,402

Sprint

Capital

Corporation

230,000

6.875%, 

11/15/2028

245,097

6,950,000

8.750%, 

3/15/2032

8,427,236

Sprint

Corporation

570,000

7.125%, 

6/15/2024

570,976

Take-Two

Interactive

Software,

Inc.

1,600,000

4.950%, 

3/28/2028

1,593,849

T-Mobile

USA,

Inc.

4,400,000

3.400%, 

10/15/2052

3,120,893

2,150,000

4.850%, 

1/15/2029

2,134,074

1,800,000

3.500%, 

4/15/2031

1,625,539

1,800,000

3.000%, 

2/15/2041

1,325,786

Verizon

Communications,

Inc.

1,250,000

5.500%, 

2/23/2054

1,263,490

1,600,000

4.000%, 

3/22/2050

1,293,369

2,400,000

2.100%, 

3/22/2028

2,160,632

1,591,000

1.680%, 

10/30/2030

1,296,226

3,700,000

3.400%, 

3/22/2041

2,891,929

Warnermedia

Holdings,

Inc.

2,300,000

5.141%, 

3/15/2052

1,908,994

3,100,000

5.050%, 

3/15/2042

2,664,429

Total

98,554,055

Consumer

Cyclical

(7.4%)

Amazon.com,

Inc.

1,800,000

3.100%, 

5/12/2051

1,292,758

American

Honda

Finance

Corporation

1,850,000

5.800%, 

10/3/2025

1,865,069

Daimler

Trucks

Finance

North

America,

LLC

2,700,000

5.400%, 

9/20/2028

c

2,737,906

4,500,000

2.375%, 

12/14/2028

c

4,005,100

Expedia

Group,

Inc.

4,400,000

3.250%, 

2/15/2030

3,960,783

Ford

Motor

Company

1,700,000

3.250%, 

2/12/2032

1,414,069

Ford

Motor

Credit

Company,

LLC

1,750,000

6.800%, 

5/12/2028

1,818,055

Principal

Amount

Long-Term

Fixed

Income

(98.5%)

Value

Consumer

Cyclical

(7.4%)

-

continued

$

2,300,000

7.350%, 

3/6/2030

$

2,452,163

3,400,000

6.050%, 

3/5/2031

3,424,175

General

Motors

Company

2,425,000

6.800%, 

10/1/2027

2,539,153

General

Motors

Financial

Company,

Inc.

1,700,000

5.400%, 

4/6/2026

1,700,632

850,000

5.750%, 

2/8/2031

859,215

4,550,000

6.400%, 

1/9/2033

4,768,088

1,650,000

6.100%, 

1/7/2034

1,694,208

GLP

Capital,

LP

2,500,000

3.250%, 

1/15/2032

2,104,570

Home

Depot,

Inc.

2,680,000

4.250%, 

4/1/2046

2,321,603

Hyatt

Hotels

Corporation

2,200,000

5.750%, 

4/23/2030

2,255,871

Hyundai

Capital

America

2,750,000

1.800%, 

1/10/2028

c

2,422,058

5,600,000

6.200%, 

9/21/2030

c

5,841,000

Kohl's

Corporation

3,150,000

4.625%, 

5/1/2031

2,650,804

1,950,000

5.550%, 

7/17/2045

1,431,456

Lennar

Corporation

2,950,000

4.750%, 

5/30/2025

2,924,348

Lowe's

Companies,

Inc.

1,700,000

5.625%, 

4/15/2053

1,717,013

4,250,000

2.625%, 

4/1/2031

3,657,044

Marriott

International,

Inc./MD

5,650,000

4.625%, 

6/15/2030

5,496,858

McDonald's

Corporation

2,175,000

4.450%, 

3/1/2047

1,894,360

Nissan

Motor

Acceptance

Company,

LLC

1,700,000

7.050%, 

9/15/2028

c

1,776,981

PACCAR

Financial

Corporation

1,500,000

4.600%, 

1/31/2029

1,489,999

Starbucks

Corporation

4,000,000

4.800%, 

2/15/2033

d

3,960,222

Tapestry,

Inc.

1,150,000

7.000%, 

11/27/2026

1,184,873

Target

Corporation

2,750,000

2.950%, 

1/15/2052

1,866,416

Toll

Brothers

Finance

Corporation

2,300,000

3.800%, 

11/1/2029

2,144,516

Toyota

Motor

Credit

Corporation

4,500,000

4.550%, 

5/17/2030

4,426,109

VICI

Properties,

LP/VICI

Note

Company,

Inc.

640,000

4.500%, 

9/1/2026

c

620,773

180,000

4.250%, 

12/1/2026

c

173,064

3,500,000

5.750%, 

2/1/2027

c

3,495,580

1,800,000

3.750%, 

2/15/2027

c

1,705,952

180,000

4.625%, 

12/1/2029

c

170,231

Volkswagen

Group

of

America

Finance,

LLC

4,000,000

6.450%, 

11/16/2030

c

4,249,987

Walmart,

Inc.

2,200,000

4.500%, 

9/9/2052

2,039,284

Total

98,552,346

Consumer

Non-Cyclical

(10.4%)

Abbott

Laboratories

1,440,000

4.750%, 

11/30/2036

1,428,180

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

126

Principal

Amount

Long-Term

Fixed

Income

(98.5%)

Value

Consumer

Non-Cyclical

(10.4%)

-

continued

$

2,500,000

6.000%, 

4/1/2039

$

2,777,283

AbbVie,

Inc.

1,050,000

5.400%, 

3/15/2054

1,080,759

1,050,000

5.050%, 

3/15/2034

1,063,015

5,100,000

4.550%, 

3/15/2035

4,929,383

3,100,000

4.300%, 

5/14/2036

2,910,518

Amgen,

Inc.

4,000,000

5.650%, 

3/2/2053

4,075,820

2,900,000

5.250%, 

3/2/2033

2,924,395

Anheuser-Busch

Companies,

LLC/Anheuser-Busch

InBev

Worldwide,

Inc.

2,710,000

4.700%, 

2/1/2036

2,620,081

Anheuser-Busch

InBev

Worldwide,

Inc.

2,750,000

3.500%, 

6/1/2030

2,561,555

586,000

4.600%, 

4/15/2048

535,505

2,200,000

4.439%, 

10/6/2048

1,957,516

3,400,000

5.550%, 

1/23/2049

3,544,969

AstraZeneca

Finance,

LLC

1,600,000

4.850%, 

2/26/2029

1,604,514

AstraZeneca

plc

3,400,000

2.125%, 

8/6/2050

2,016,529

3,000,000

1.375%, 

8/6/2030

d

2,448,540

BAT

Capital

Corporation

3,500,000

2.259%, 

3/25/2028

3,115,654

2,500,000

6.343%, 

8/2/2030

2,604,930

1,150,000

5.834%, 

2/20/2031

1,159,869

1,900,000

7.750%, 

10/19/2032

2,144,074

Becton,

Dickinson

and

Company

3,041,000

3.794%, 

5/20/2050

2,385,106

Bristol-Myers

Squibb

Company

1,150,000

6.250%, 

11/15/2053

1,295,417

Cargill,

Inc.

1,750,000

3.125%, 

5/25/2051

c

1,216,559

Constellation

Brands,

Inc.

640,000

3.500%, 

5/9/2027

610,710

1,350,000

4.800%, 

1/15/2029

1,338,160

2,700,000

4.900%, 

5/1/2033

2,648,665

CVS

Health

Corporation

2,500,000

5.625%, 

2/21/2053

2,455,156

950,000

4.250%, 

4/1/2050

769,791

1,900,000

5.125%, 

2/21/2030

1,905,733

2,800,000

2.125%, 

9/15/2031

2,285,590

Eli

Lilly

&

Company

3,300,000

5.100%, 

2/9/2064

3,284,187

1,970,000

4.950%, 

2/27/2063

1,916,266

2,250,000

4.700%, 

2/27/2033

2,244,196

HCA,

Inc.

2,500,000

5.875%, 

2/15/2026

2,510,681

3,000,000

5.625%, 

9/1/2028

3,037,278

Imperial

Brands

Finance

plc

2,700,000

3.500%, 

7/26/2026

c

2,575,212

JBS

USA

LUX

SA/JBS

USA

Food

Company/JBS

USA

Finance,

Inc.

3,000,000

4.375%, 

2/2/2052

2,178,604

1,200,000

5.500%, 

1/15/2030

1,182,619

1,600,000

3.625%, 

1/15/2032

1,369,016

3,400,000

3.000%, 

5/15/2032

2,772,907

Kenvue,

Inc.

1,750,000

5.050%, 

3/22/2053

1,713,689

1,600,000

5.000%, 

3/22/2030

d

1,616,704

Principal

Amount

Long-Term

Fixed

Income

(98.5%)

Value

Consumer

Non-Cyclical

(10.4%)

-

continued

Kraft

Heinz

Foods

Company

$

450,000

3.750%, 

4/1/2030

$

422,117

230,000

5.000%, 

6/4/2042

215,821

1,770,000

4.375%, 

6/1/2046

1,494,843

Mattel,

Inc.

1,750,000

3.375%, 

4/1/2026

c

1,673,658

Medtronic,

Inc.

4,200,000

4.375%, 

3/15/2035

4,016,110

Nestle

Holdings,

Inc.

4,250,000

4.950%, 

3/14/2030

c

4,303,751

2,900,000

4.850%, 

3/14/2033

c

2,925,675

Pfizer

Investment

Enterprises,

Private

Ltd.

2,325,000

5.300%, 

5/19/2053

2,311,594

2,000,000

5.340%, 

5/19/2063

1,959,763

1,167,000

4.750%, 

5/19/2033

1,149,009

Philip

Morris

International,

Inc.

4,500,000

5.500%, 

9/7/2030

4,586,182

1,850,000

5.125%, 

2/13/2031

1,837,872

2,935,000

5.750%, 

11/17/2032

3,030,144

3,750,000

5.250%, 

2/13/2034

3,716,755

Reynolds

American,

Inc.

1,560,000

5.850%, 

8/15/2045

1,446,973

Roche

Holdings,

Inc.

3,800,000

2.607%, 

12/13/2051

c

2,418,502

1,550,000

4.985%, 

3/8/2034

c

1,560,903

Royalty

Pharma

plc

2,050,000

1.750%, 

9/2/2027

1,830,685

Smithfield

Foods,

Inc.

1,200,000

3.000%, 

10/15/2030

c

993,429

Sysco

Corporation

1,000,000

6.600%, 

4/1/2040

1,106,140

Takeda

Pharmaceutical

Company,

Ltd.

2,800,000

3.175%, 

7/9/2050

1,951,318

Viterra

Finance

BV

2,750,000

5.250%, 

4/21/2032

c

2,709,216

Total

138,475,795

Energy

(5.5%)

BP

Capital

Markets

America,

Inc.

4,500,000

3.001%, 

3/17/2052

3,047,118

BP

Capital

Markets

plc

1,600,000

6.450%, 

12/1/2033

b,f

1,656,942

Canadian

Natural

Resources,

Ltd.

700,000

2.950%, 

7/15/2030

617,159

Cheniere

Energy

Partners,

LP

7,310,000

4.500%, 

10/1/2029

6,957,269

2,000,000

4.000%, 

3/1/2031

1,817,818

1,900,000

5.950%, 

6/30/2033

d

1,942,509

Cheniere

Energy,

Inc.

1,100,000

5.650%, 

4/15/2034

c

1,107,855

Energy

Transfer,

LP

800,000

5.950%, 

5/15/2054

798,357

1,100,000

8.000%, 

5/15/2054

b,d

1,153,758

1,500,000

6.500%, 

11/15/2026

b,f

1,470,213

2,900,000

4.200%, 

4/15/2027

2,819,739

2,900,000

3.750%, 

5/15/2030

2,672,942

1,100,000

5.550%, 

5/15/2034

1,103,351

Enterprise

Products

Operating,

LLC

1,350,000

8.573%, 

(TSFR3M

+

3.248%),

8/16/2077

b

1,347,435

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

127

Principal

Amount

Long-Term

Fixed

Income

(98.5%)

Value

Energy

(5.5%)

-

continued

Halliburton

Company

$

2,800,000

4.850%, 

11/15/2035

$

2,723,169

Hess

Corporation

1,600,000

4.300%, 

4/1/2027

1,568,824

MPLX,

LP

2,500,000

4.800%, 

2/15/2029

2,469,539

National

Fuel

Gas

Company

4,186,000

5.500%, 

1/15/2026

4,179,527

Occidental

Petroleum

Corporation

3,500,000

6.625%, 

9/1/2030

3,708,950

ONEOK,

Inc.

900,000

5.650%, 

11/1/2028

919,984

Ovintiv,

Inc.

2,056,000

5.375%, 

1/1/2026

2,047,625

1,600,000

5.650%, 

5/15/2028

d

1,626,454

2,200,000

6.250%, 

7/15/2033

2,287,334

Phillips

66

Company

2,750,000

4.950%, 

12/1/2027

2,751,739

Pioneer

Natural

Resources

Company

1,800,000

2.150%, 

1/15/2031

1,514,412

Plains

All

American

Pipeline,

LP/

PAA

Finance

Corporation

2,700,000

3.800%, 

9/15/2030

2,474,047

Schlumberger

Holdings

Corporation

2,250,000

3.900%, 

5/17/2028

c

2,168,815

Targa

Resources

Corporation

2,100,000

6.125%, 

3/15/2033

2,190,871

TransCanada

PipeLines,

Ltd.

1,750,000

4.625%, 

3/1/2034

1,652,068

Western

Gas

Partners,

LP

4,700,000

4.650%, 

7/1/2026

4,611,206

Williams

Companies,

Inc.

1,700,000

5.300%, 

8/15/2052

1,623,712

2,450,000

7.500%, 

1/15/2031

2,725,912

2,000,000

4.850%, 

3/1/2048

1,783,228

Total

73,539,881

Financials

(35.7%)

AerCap

Holdings

NV

2,450,000

5.875%, 

10/10/2079

b,d

2,432,439

AerCap

Ireland

Capital

DAC/

AerCap

Global

Aviation

Trust

1,900,000

6.500%, 

7/15/2025

1,918,318

1,500,000

4.625%, 

10/15/2027

1,462,344

2,800,000

3.875%, 

1/23/2028

2,654,580

4,100,000

6.150%, 

9/30/2030

4,255,451

2,400,000

3.400%, 

10/29/2033

2,021,662

Air

Lease

Corporation

4,100,000

4.650%, 

6/15/2026

b,f

3,871,206

1,850,000

3.625%, 

4/1/2027

1,745,165

2,000,000

3.000%, 

2/1/2030

1,767,855

Aircastle,

Ltd.

800,000

2.850%, 

1/26/2028

c

718,112

Ally

Financial,

Inc.

2,390,000

5.750%, 

11/20/2025

d

2,372,788

1,750,000

8.000%, 

11/1/2031

1,949,311

American

Express

Company

2,300,000

6.489%, 

10/30/2031

b

2,464,500

American

Homes

4

Rent,

LP

1,550,000

2.375%, 

7/15/2031

1,258,956

Principal

Amount

Long-Term

Fixed

Income

(98.5%)

Value

Financials

(35.7%)

-

continued

ANZ

Bank

New

Zealand,

Ltd.

$

1,700,000

5.548%, 

8/11/2032

b,c

$

1,705,739

Aon

North

America,

Inc.

1,600,000

5.450%, 

3/1/2034

1,618,468

Ares

Capital

Corporation

2,850,000

3.875%, 

1/15/2026

2,756,626

1,800,000

2.875%, 

6/15/2027

1,653,512

2,600,000

5.875%, 

3/1/2029

2,592,224

Associated

Banc-Corp

2,650,000

4.250%, 

1/15/2025

2,600,504

Australia

&

New

Zealand

Banking

Group,

Ltd.

2,200,000

2.950%, 

7/22/2030

b,c

2,113,943

Avolon

Holdings

Funding,

Ltd.

1,800,000

5.500%, 

1/15/2026

c

1,781,307

1,500,000

4.250%, 

4/15/2026

c

1,447,683

4,400,000

4.375%, 

5/1/2026

c

4,249,459

Banco

Santander

SA

3,600,000

5.294%, 

8/18/2027

3,591,676

1,800,000

4.379%, 

4/12/2028

1,742,146

Bank

of

America

Corporation

3,950,000

3.705%, 

4/24/2028

b

3,779,377

1,750,000

5.202%, 

4/25/2029

b

1,751,656

1,800,000

4.271%, 

7/23/2029

b

1,735,048

4,000,000

5.819%, 

9/15/2029

b

4,101,355

1,825,000

3.974%, 

2/7/2030

b

1,729,449

2,720,000

3.194%, 

7/23/2030

b

2,470,209

5,200,000

1.922%, 

10/24/2031

b

4,237,065

3,500,000

2.572%, 

10/20/2032

b

2,903,681

1,800,000

2.972%, 

2/4/2033

b

1,530,793

4,800,000

4.571%, 

4/27/2033

b

4,559,605

1,600,000

5.468%, 

1/23/2035

b

1,610,429

1,800,000

4.244%, 

4/24/2038

b

1,619,183

Bank

of

New

York

Mellon

Corporation

2,925,000

5.802%, 

10/25/2028

b

3,003,724

2,800,000

4.543%, 

2/1/2029

b

2,757,109

Barclays

plc

3,100,000

6.125%, 

12/15/2025

b,f

2,991,905

2,800,000

5.829%, 

5/9/2027

b

2,805,945

825,000

5.674%, 

3/12/2028

b

827,935

1,150,000

9.625%, 

12/15/2029

b,f

1,219,462

2,600,000

2.645%, 

6/24/2031

b

2,194,790

Berkshire

Hathaway

Finance

Corporation

6,000,000

2.850%, 

10/15/2050

4,049,105

950,000

4.250%, 

1/15/2049

849,223

Blackstone

Private

Credit

Fund

1,600,000

7.050%, 

9/29/2025

1,623,870

Blue

Owl

Credit

Income

Corporation

3,000,000

4.700%, 

2/8/2027

2,846,000

Blue

Owl

Technology

Finance

Corporation

1,500,000

3.750%, 

6/17/2026

c

1,389,032

Blue

Owl

Technology

Finance

Corporation

II

2,100,000

6.750%, 

4/4/2029

c,e

2,073,950

BNP

Paribas

SA

1,650,000

8.500%, 

8/14/2028

b,c,f

1,724,666

2,150,000

8.000%, 

8/22/2031

b,c,f

2,194,354

BPCE

SA

2,690,000

5.150%, 

7/21/2024

c

2,678,663

1,750,000

6.612%, 

10/19/2027

b,c

1,786,904

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

128

Principal

Amount

Long-Term

Fixed

Income

(98.5%)

Value

Financials

(35.7%)

-

continued

$

1,650,000

6.508%, 

1/18/2035

b,c

$

1,677,114

Brixmor

Operating

Partnership,

LP

1,500,000

2.250%, 

4/1/2028

1,331,958

Capital

One

Financial

Corporation

2,190,000

4.200%, 

10/29/2025

2,140,569

Centene

Corporation

160,000

4.250%, 

12/15/2027

152,557

480,000

4.625%, 

12/15/2029

455,702

3,605,000

3.375%, 

2/15/2030

3,190,179

3,000,000

2.500%, 

3/1/2031

2,467,568

2,200,000

2.625%, 

8/1/2031

1,805,927

Charles

Schwab

Corporation

2,550,000

5.375%, 

6/1/2025

b,f

2,532,352

2,300,000

6.196%, 

11/17/2029

b

2,390,617

3,100,000

4.000%, 

12/1/2030

b,f

2,615,640

Citigroup,

Inc.

1,990,000

4.450%, 

9/29/2027

1,935,863

2,000,000

3.668%, 

7/24/2028

b

1,900,971

3,000,000

4.075%, 

4/23/2029

b

2,872,167

2,450,000

5.174%, 

2/13/2030

b

2,438,568

2,750,000

2.520%, 

11/3/2032

b

2,255,210

5,150,000

3.057%, 

1/25/2033

b

4,378,306

Citizens

Financial

Group,

Inc.

1,600,000

5.841%, 

1/23/2030

b

1,597,703

Comerica,

Inc.

2,100,000

5.625%, 

7/1/2025

b,d,f

2,018,891

COPT

Defense

Properties,

LP

2,175,000

2.250%, 

3/15/2026

2,045,028

Corebridge

Financial,

Inc.

1,050,000

3.650%, 

4/5/2027

1,002,084

1,650,000

3.850%, 

4/5/2029

1,542,715

Corebridge

Global

Funding

1,650,000

5.900%, 

9/19/2028

c

1,690,356

CoreStates

Capital

III

2,440,000

6.139%, 

(TSFR3M

+

0.832%),

2/15/2027

b,c

2,398,062

Credit

Agricole

SA

1,900,000

6.875%, 

9/23/2024

b,c,f

1,896,706

Credit

Suisse

Group

AG

1,950,000

7.500%, 

8/11/2024

*,b,f,g

214,500

2,500,000

7.250%, 

9/12/2025

b,c,f,g

275,000

2,450,000

5.250%, 

7/17/2028

b,c,f,g

269,500

Deutsche

Bank

AG/New

York,

NY

2,200,000

2.311%, 

11/16/2027

b

2,011,377

Discover

Bank

3,490,000

5.974%, 

(USISOA05

+

1.730%),

8/9/2028

b

3,471,753

Elevance

Health,

Inc.

1,750,000

5.125%, 

2/15/2053

1,677,096

1,250,000

6.100%, 

10/15/2052

1,354,142

2,000,000

4.750%, 

2/15/2033

1,951,770

EPR

Properties

1,976,000

4.950%, 

4/15/2028

1,880,373

3,700,000

3.750%, 

8/15/2029

3,267,569

Extra

Space

Storage,

LP

2,000,000

5.500%, 

7/1/2030

2,020,421

2,600,000

5.900%, 

1/15/2031

2,689,962

First

Horizon

Bank

2,000,000

5.750%, 

5/1/2030

d

1,892,405

First-Citizens

Bank

&

Trust

Company

4,850,000

6.125%, 

3/9/2028

4,981,373

Principal

Amount

Long-Term

Fixed

Income

(98.5%)

Value

Financials

(35.7%)

-

continued

FS

KKR

Capital

Corporation

$

4,098,000

4.250%, 

2/14/2025

c

$

4,030,717

Glitnir

HoldCo

ehf.,

Convertible

362

Zero

Coupon, 

12/31/2030

h,i

0

Goldman

Sachs

BDC,

Inc.

950,000

6.375%, 

3/11/2027

957,081

Goldman

Sachs

Group,

Inc.

2,200,000

4.950%, 

2/10/2025

b,d,f

2,163,646

2,350,000

3.691%, 

6/5/2028

b

2,248,503

3,750,000

3.814%, 

4/23/2029

b

3,554,894

4,600,000

4.223%, 

5/1/2029

b

4,427,653

7,300,000

3.102%, 

2/24/2033

b

6,243,294

HSBC

Holdings

plc

3,470,000

4.041%, 

3/13/2028

b

3,345,128

Huntington

Bancshares,

Inc./OH

3,500,000

5.709%, 

2/2/2035

b

3,489,922

ING

Groep

NV

2,600,000

6.083%, 

9/11/2027

b

2,632,110

Intercontinental

Exchange,

Inc.

1,200,000

4.950%, 

6/15/2052

1,128,264

1,350,000

4.350%, 

6/15/2029

1,314,226

Invitation

Homes

Operating

Partnership,

LP

1,000,000

2.300%, 

11/15/2028

884,812

1,750,000

5.450%, 

8/15/2030

1,755,288

1,500,000

2.000%, 

8/15/2031

1,191,885

J.P.

Morgan

Chase

&

Company

1,750,000

6.070%, 

10/22/2027

b

1,785,572

1,100,000

5.040%, 

1/23/2028

b

1,096,207

2,700,000

6.875%, 

6/1/2029

b,f

2,793,885

3,350,000

5.299%, 

7/24/2029

b

3,374,887

2,300,000

6.087%, 

10/23/2029

b

2,391,108

2,200,000

2.956%, 

5/13/2031

b

1,923,147

1,200,000

2.580%, 

4/22/2032

b

1,014,524

2,900,000

2.545%, 

11/8/2032

b

2,413,109

3,300,000

4.586%, 

4/26/2033

b

3,161,938

3,700,000

4.912%, 

7/25/2033

b

3,622,834

2,500,000

5.717%, 

9/14/2033

b

2,549,904

900,000

5.336%, 

1/23/2035

b

903,517

KeyBank

NA/Cleveland,

OH

2,225,000

4.150%, 

8/8/2025

2,162,776

KeyCorp

2,900,000

2.250%, 

4/6/2027

2,610,181

1,850,000

6.401%, 

3/6/2035

b

1,889,230

Kilroy

Realty,

LP

2,550,000

4.250%, 

8/15/2029

2,340,291

900,000

6.250%, 

1/15/2036

879,135

Kimco

Realty

OP,

LLC

1,750,000

6.400%, 

3/1/2034

1,873,422

Lloyds

Banking

Group

plc

900,000

2.438%, 

2/5/2026

b

874,965

910,000

4.650%, 

3/24/2026

892,015

2,000,000

5.985%, 

8/7/2027

b

2,018,840

2,000,000

5.462%, 

1/5/2028

b

2,000,441

M&T

Bank

Corporation

2,200,000

3.500%, 

9/1/2026

b,f

1,687,424

Macquarie

Airfinance

Holdings,

Ltd.

375,000

6.500%, 

3/26/2031

c

381,687

Massachusetts

Mutual

Life

Insurance

Company

4,600,000

3.200%, 

12/1/2061

c

2,866,393

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

129

Principal

Amount

Long-Term

Fixed

Income

(98.5%)

Value

Financials

(35.7%)

-

continued

Metropolitan

Life

Global

Funding

I

$

4,450,000

4.300%, 

8/25/2029

c

$

4,285,756

Mitsubishi

UFJ

Financial

Group,

Inc.

1,165,000

5.541%, 

4/17/2026

b

1,164,741

1,700,000

8.200%, 

1/15/2029

b,d,f

1,834,307

2,750,000

5.133%, 

7/20/2033

b

2,754,382

Mizuho

Financial

Group,

Inc.

2,100,000

1.979%, 

9/8/2031

b

1,724,384

Morgan

Stanley

1,860,000

8.751%, 

(TSFR3M

+

3.422%),

12/15/2025

b,f

1,918,173

2,510,000

4.350%, 

9/8/2026

2,455,820

1,500,000

5.123%, 

2/1/2029

b

1,496,343

1,300,000

5.449%, 

7/20/2029

b

1,311,400

3,350,000

3.622%, 

4/1/2031

b

3,072,364

2,350,000

1.794%, 

2/13/2032

b

1,878,547

3,000,000

2.943%, 

1/21/2033

b

2,549,771

1,050,000

4.889%, 

7/20/2033

b

1,018,375

3,600,000

6.342%, 

10/18/2033

b

3,851,799

1,400,000

6.627%, 

11/1/2034

b

1,531,749

1,600,000

5.466%, 

1/18/2035

b

1,614,302

2,100,000

5.297%, 

4/20/2037

b

2,014,738

Morgan

Stanley

Bank

NA

2,100,000

4.952%, 

1/14/2028

b

2,091,350

Nationwide

Building

Society

2,800,000

6.557%, 

10/18/2027

b,c

2,872,582

Nationwide

Mutual

Insurance

Company

2,725,000

4.350%, 

4/30/2050

c

2,158,306

NatWest

Group

plc

1,000,000

3.754%, 

11/1/2029

b

983,019

3,600,000

3.032%, 

11/28/2035

b

3,012,032

New

York

Life

Global

Funding

3,150,000

4.550%, 

1/28/2033

c

3,038,713

NNN

REIT,

Inc.

1,100,000

5.600%, 

10/15/2033

1,113,732

Nomura

Holdings,

Inc.

3,500,000

5.709%, 

1/9/2026

3,508,952

Omega

Healthcare

Investors,

Inc.

2,333,000

4.750%, 

1/15/2028

2,252,367

1,625,000

3.625%, 

10/1/2029

1,450,497

PNC

Financial

Services

Group,

Inc.

2,300,000

6.615%, 

10/20/2027

b

2,367,986

3,500,000

6.250%, 

3/15/2030

b,f

3,392,103

4,000,000

5.068%, 

1/24/2034

b

3,874,809

4,250,000

6.875%, 

10/20/2034

b

4,653,876

Prologis,

LP

1,750,000

1.750%, 

2/1/2031

1,433,709

Prudential

Financial,

Inc.

1,750,000

6.500%, 

3/15/2054

b

1,774,194

2,250,000

3.700%, 

10/1/2050

b

1,966,711

Public

Storage

Operating

Company

1,750,000

5.125%, 

1/15/2029

d

1,778,414

Realty

Income

Corporation

1,900,000

2.100%, 

3/15/2028

1,699,897

3,250,000

3.400%, 

1/15/2030

2,959,361

1,850,000

3.200%, 

2/15/2031

1,639,724

Regency

Centers,

LP

1,560,000

3.600%, 

2/1/2027

1,501,330

2,250,000

3.700%, 

6/15/2030

2,074,840

1,250,000

5.250%, 

1/15/2034

1,245,241

Principal

Amount

Long-Term

Fixed

Income

(98.5%)

Value

Financials

(35.7%)

-

continued

RGA

Global

Funding

$

4,500,000

6.000%, 

11/21/2028

c,d

$

4,640,683

1,100,000

5.500%, 

1/11/2031

c

1,103,024

Royal

Bank

of

Canada

2,100,000

4.875%, 

1/19/2027

2,095,407

Simon

Property

Group,

LP

2,850,000

6.650%, 

1/15/2054

3,260,831

Societe

Generale

SA

2,850,000

10.000%, 

11/14/2028

b,c,f

3,023,460

State

Street

Corporation

1,350,000

6.700%, 

3/15/2029

b,f

1,369,875

Sumitomo

Mitsui

Financial

Group,

Inc.

4,100,000

5.808%, 

9/14/2033

4,298,089

Synchrony

Financial

450,000

4.250%, 

8/15/2024

447,098

Truist

Financial

Corporation

1,400,000

6.047%, 

6/8/2027

b

1,418,896

1,762,000

5.125%, 

12/15/2027

b,f

1,591,404

1,350,000

5.435%, 

1/24/2030

b

1,348,425

U.S.

Bancorp

2,650,000

5.727%, 

10/21/2026

b

2,664,333

2,850,000

5.775%, 

6/12/2029

b

2,899,737

1,100,000

5.384%, 

1/23/2030

b

1,104,859

1,000,000

5.678%, 

1/23/2035

b

1,009,729

UBS

Group

AG

2,850,000

4.875%, 

2/12/2027

b,c,f

2,616,919

6,100,000

3.869%, 

1/12/2029

b,c

5,768,361

250,000

3.091%, 

5/14/2032

b,c

212,642

8,550,000

6.537%, 

8/12/2033

b,c

9,014,181

1,650,000

9.250%, 

11/13/2033

b,c,f

1,862,086

UnitedHealth

Group,

Inc.

1,700,000

5.875%, 

2/15/2053

1,839,237

3,600,000

4.950%, 

5/15/2062

3,361,799

1,240,000

4.750%, 

7/15/2045

1,162,568

1,975,000

4.450%, 

12/15/2048

1,757,848

Wells

Fargo

&

Company

3,200,000

3.526%, 

3/24/2028

b

3,045,726

3,500,000

7.625%, 

9/15/2028

b,f

3,740,478

2,000,000

6.303%, 

10/23/2029

b

2,083,080

2,850,000

5.198%, 

1/23/2030

b

2,843,992

3,250,000

4.478%, 

4/4/2031

b

3,111,929

3,300,000

4.897%, 

7/25/2033

b

3,180,069

2,600,000

6.491%, 

10/23/2034

b

2,788,692

Westpac

Banking

Corporation

1,900,000

2.894%, 

2/4/2030

b

1,848,316

3,150,000

2.963%, 

11/16/2040

2,223,186

Willis

North

America,

Inc.

2,600,000

4.650%, 

6/15/2027

2,558,105

Total

473,971,130

Foreign

Government

(0.4%)

Dominican

Republic

Government

International

Bond

950,000

6.000%, 

7/19/2028

c

943,271

4,050,000

6.000%, 

2/22/2033

c

3,930,459

Total

4,873,730

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

130

Principal

Amount

Long-Term

Fixed

Income

(98.5%)

Value

Mortgage-Backed

Securities

(1.7%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

$

21,918,835

5.500%, 

7/1/2053

$

21,967,941

Total

21,967,941

Technology

(5.2%)

Apple,

Inc.

1,900,000

2.700%, 

8/5/2051

1,257,473

2,250,000

3.950%, 

8/8/2052

1,896,347

1,420,000

3.750%, 

9/12/2047

1,170,702

Broadcom,

Inc.

2,332,000

3.469%, 

4/15/2034

c

1,998,312

3,600,000

3.137%, 

11/15/2035

c

2,908,445

4,550,000

3.187%, 

11/15/2036

c

3,621,125

2,700,000

4.926%, 

5/15/2037

c

2,562,479

Cisco

Systems,

Inc.

1,350,000

4.950%, 

2/26/2031

1,361,915

1,600,000

5.050%, 

2/26/2034

1,621,542

Dell

International,

LLC/EMC

Corporation

800,000

6.100%, 

7/15/2027

823,730

464,000

8.350%, 

7/15/2046

600,174

Equinix,

Inc.

2,700,000

2.000%, 

5/15/2028

2,371,736

Fiserv,

Inc.

2,500,000

2.650%, 

6/1/2030

2,176,680

3,500,000

5.600%, 

3/2/2033

3,568,311

Global

Payments,

Inc.

1,100,000

5.300%, 

8/15/2029

1,094,754

1,700,000

5.400%, 

8/15/2032

1,685,985

Intel

Corporation

1,650,000

4.875%, 

2/10/2028

1,654,072

Marvell

Technology,

Inc.

1,400,000

4.875%, 

6/22/2028

1,381,497

2,100,000

2.950%, 

4/15/2031

1,814,226

Mastercard,

Inc.

1,750,000

4.850%, 

3/9/2033

1,762,882

Microchip

Technology,

Inc.

1,100,000

5.050%, 

3/15/2029

1,100,166

Microsoft

Corporation

2,000,000

2.500%, 

9/15/2050

c

1,291,946

NXP

BV/NXP

Funding,

LLC

1,800,000

5.550%, 

12/1/2028

1,827,596

NXP

BV/NXP

Funding,

LLC/NXP

USA,

Inc.

1,400,000

3.150%, 

5/1/2027

1,323,143

1,150,000

4.300%, 

6/18/2029

1,108,128

2,650,000

3.250%, 

5/11/2041

1,968,034

Oracle

Corporation

3,300,000

5.550%, 

2/6/2053

3,228,172

3,600,000

3.950%, 

3/25/2051

2,742,970

4,200,000

6.150%, 

11/9/2029

4,426,529

3,300,000

6.250%, 

11/9/2032

3,530,808

2,700,000

4.300%, 

7/8/2034

2,490,135

2,650,000

4.000%, 

7/15/2046

2,087,587

Texas

Instruments,

Inc.

2,900,000

5.000%, 

3/14/2053

2,845,259

VMware,

LLC

2,600,000

2.200%, 

8/15/2031

2,115,842

Total

69,418,702

Principal

Amount

Long-Term

Fixed

Income

(98.5%)

Value

Transportation

(2.2%)

American

Airlines,

Inc./

AAdvantage

Loyalty

IP,

Ltd.

$

1,665,000

5.500%, 

4/20/2026

c

$

1,653,661

2,100,000

5.750%, 

4/20/2029

c

2,064,206

Burlington

Northern

Santa

Fe,

LLC

2,000,000

4.700%, 

9/1/2045

1,850,331

2,200,000

4.050%, 

6/15/2048

1,832,540

Canadian

Pacific

Railway

Company

1,900,000

4.700%, 

5/1/2048

1,695,456

Delta

Air

Lines,

Inc./SkyMiles

IP,

Ltd.

4,100,000

4.750%, 

10/20/2028

c

4,010,034

ERAC

USA

Finance,

LLC

3,030,000

4.200%, 

11/1/2046

c

2,551,903

FedEx

Corporation

2,500,000

3.250%, 

5/15/2041

1,871,799

Mileage

Plus

Holdings,

LLC

2,925,000

6.500%, 

6/20/2027

c

2,941,134

Norfolk

Southern

Corporation

5,250,000

4.450%, 

3/1/2033

5,036,506

Southwest

Airlines

Company

2,125,000

2.625%, 

2/10/2030

1,848,096

United

Airlines

Pass

Through

Trust

836,615

3.750%, 

9/3/2026

810,400

United

Airlines,

Inc.

350,000

4.375%, 

4/15/2026

c

338,358

300,000

4.625%, 

4/15/2029

c

279,000

Total

28,783,424

U.S.

Government

&

Agencies

(7.0%)

U.S.

Treasury

Bonds

2,700,000

4.250%, 

2/15/2054

2,655,281

13,800,000

3.625%, 

5/15/2053

12,124,594

10,000,000

4.750%, 

11/15/2053

10,675,000

1,850,000

4.000%, 

11/15/2042

1,742,613

11,000,000

3.875%, 

2/15/2043

10,168,555

5,500,000

4.375%, 

8/15/2043

5,434,688

U.S.

Treasury

Notes

2,700,000

4.375%, 

11/30/2028

2,714,238

11,300,000

3.750%, 

12/31/2028

11,058,992

15,750,000

4.000%, 

1/31/2029

15,587,578

5,400,000

4.375%, 

11/30/2030

5,444,930

6,400,000

3.750%, 

12/31/2030

6,222,750

9,230,000

3.500%, 

2/15/2033

8,741,459

Total

92,570,678

Utilities

(8.2%)

AEP

Transmission

Company,

LLC

1,500,000

5.400%, 

3/15/2053

1,493,151

American

Electric

Power

Company,

Inc.

3,200,000

3.875%, 

2/15/2062

b

2,875,660

1,750,000

5.625%, 

3/1/2033

1,776,691

American

Water

Capital

Corporation

1,700,000

3.450%, 

5/1/2050

1,252,854

Arizona

Public

Service

Company

2,550,000

5.550%, 

8/1/2033

2,578,688

Berkshire

Hathaway

Energy

Company

1,825,000

4.450%, 

1/15/2049

1,539,706

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

131

Principal

Amount

Long-Term

Fixed

Income

(98.5%)

Value

Utilities

(8.2%)

-

continued

CenterPoint

Energy

Resources

Corporation

$

2,300,000

1.750%, 

10/1/2030

$

1,888,778

CenterPoint

Energy,

Inc.

2,250,000

2.950%, 

3/1/2030

2,011,326

2,150,000

2.650%, 

6/1/2031

1,821,012

Consolidated

Edison

Company

of

New

York,

Inc.

2,376,000

3.850%, 

6/15/2046

1,893,755

2,750,000

4.125%, 

5/15/2049

2,247,009

Constellation

Energy

Generation,

LLC

2,600,000

5.800%, 

3/1/2033

2,679,972

Consumers

Energy

Company

1,350,000

4.600%, 

5/30/2029

1,334,298

Dominion

Energy,

Inc.

1,750,000

4.650%, 

12/15/2024

b,f

1,712,942

2,650,000

4.350%, 

1/15/2027

b,f

2,480,841

DTE

Energy

Company

2,150,000

5.100%, 

3/1/2029

2,141,330

Duke

Energy

Corporation

4,300,000

3.250%, 

1/15/2082

b

3,821,134

2,250,000

3.500%, 

6/15/2051

1,579,595

4,000,000

5.000%, 

8/15/2052

3,620,671

2,200,000

3.750%, 

9/1/2046

1,661,025

Edison

International

5,100,000

5.750%, 

6/15/2027

5,167,215

Enel

Finance

America,

LLC

2,250,000

2.875%, 

7/12/2041

c

1,527,891

Eversource

Energy

1,900,000

5.450%, 

3/1/2028

1,923,457

Exelon

Corporation

1,800,000

4.100%, 

3/15/2052

1,431,905

FirstEnergy

Corporation

3,480,000

4.150%, 

7/15/2027

3,337,635

2,800,000

5.100%, 

7/15/2047

2,458,004

FirstEnergy

Transmission,

LLC

3,300,000

2.866%, 

9/15/2028

c

3,008,073

2,150,000

5.450%, 

7/15/2044

c

2,049,255

Georgia

Power

Company

3,000,000

3.250%, 

3/15/2051

2,105,495

800,000

5.250%, 

3/15/2034

808,078

Indiana

Michigan

Power

Company

1,000,000

5.625%, 

4/1/2053

1,010,193

National

Rural

Utilities

Cooperative

Finance

Corporation

1,600,000

4.400%, 

11/1/2048

1,365,871

Nevada

Power

Company

825,000

6.000%, 

3/15/2054

870,556

NextEra

Energy

Capital

Holdings,

Inc.

2,400,000

5.749%, 

9/1/2025

2,410,298

NiSource

Finance

Corporation

1,170,000

4.375%, 

5/15/2047

980,299

NiSource,

Inc.

1,950,000

3.600%, 

5/1/2030

1,796,039

NRG

Energy,

Inc.

1,700,000

4.450%, 

6/15/2029

c

1,607,049

Oncor

Electric

Delivery

Company,

LLC

1,740,000

3.750%, 

4/1/2045

1,386,292

Pacific

Gas

and

Electric

Company

1,900,000

3.300%, 

12/1/2027

1,765,544

Principal

Amount

Long-Term

Fixed

Income

(98.5%)

Value

Utilities

(8.2%)

-

continued

$

4,300,000

4.550%, 

7/1/2030

$

4,087,244

1,850,000

5.800%, 

5/15/2034

1,867,129

PPL

Electric

Utilities

Corporation

1,350,000

4.850%, 

2/15/2034

1,327,512

Public

Service

Company

of

Colorado

1,800,000

4.500%, 

6/1/2052

1,512,419

Public

Service

Enterprise

Group,

Inc.

3,750,000

5.200%, 

4/1/2029

3,752,883

San

Diego

Gas

&

Electric

Company

2,200,000

4.150%, 

5/15/2048

1,838,556

Sempra

2,700,000

3.250%, 

6/15/2027

2,544,762

Southern

Company

2,500,000

5.700%, 

10/15/2032

2,577,100

1,700,000

4.000%, 

1/15/2051

b

1,634,316

2,150,000

3.750%, 

9/15/2051

b

2,009,822

Virginia

Electric

and

Power

Company

2,200,000

5.000%, 

1/15/2034

2,160,097

Vistra

Operations

Company,

LLC

1,800,000

4.875%, 

5/13/2024

c

1,796,593

1,800,000

5.125%, 

5/13/2025

c

1,784,079

Total

108,312,099

Total

Long-Term

Fixed

Income

(cost

$1,385,166,501)

1,307,189,259

Shares

Collateral

Held

for

Securities

Loaned

(

1.6%

)

Value

21,356,520

Thrivent

Cash

Management

Trust

21,356,520

Total

Collateral

Held

for

Securities

Loaned

(cost

$21,356,520)

21,356,520

Shares

Common

Stock

(

<0.1%

)

Value

Communications

Services

(<0.1%)

426

Windstream

Services,

LLC

j

4,047

Total

4,047

Financials

(<0.1%)

2,247

Glitnir

HoldCo

ehf.

i,j

0

Total

0

Total

Common

Stock

(cost

$5,112)

4,047

Shares

or

Principal

Amount

Short-Term

Investments

(

1.1%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

400,000

5.210%,

4/10/2024

k,l

399,252

700,000

5.214%,

4/17/2024

k,l

697,985

Thrivent

Core

Short-Term

Reserve

Fund

1,219,703

5.590%

12,197,025

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

132

Shares

or

Principal

Amount

Short-Term

Investments

(1.1%)

Value

U.S.

Treasury

Bills

1,700,000

5.240%,

6/6/2024

k

$

1,683,739

Total

Short-Term

Investments

(cost

$14,977,332)

14,978,001

Total

Investments

(cost

$1,421,505,465)

101.2%

$1,343,527,827

Other

Assets

and

Liabilities,

Net

(1.2%)

(15,768,494)

Total

Net

Assets

100.0%

$1,327,759,333

a

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

b

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

March

28,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

c

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

March

28,

2024,

the

value

of

these

investments

was

$215,890,169

or

16.3%

of

total

net

assets.

d

All

or

a

portion

of

the

security

is

on

loan.

e

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

f

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

g

Defaulted

security.  Interest

is

not

being

accrued.

h

Principal

amount

is

displayed

in

Euros.

i

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

j

Non-income

producing

security.

k

The

interest

rate

shown

reflects

the

yield.

l

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Income

Portfolio

as

of

March

28,

2024

was

$214,500

or

0.02%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

March

28,

2024.

Security

Acquisition

Date

Cost

Credit

Suisse

Group

AG,

12/29/2049

7/9/2018

$

1,950,000

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Income

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

20,594,069

Total

lending

$20,594,069

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$21,356,520

Net

amounts

due

to

counterparty

$762,451

Definitions:

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

Reference

Rate

Index:

TSFR1M

-

CME

Term

SOFR

1

Month

TSFR3M

-

CME

Term

SOFR

3

Month

USISOA05

-

USD

SOFR

Spread-Adjusted

ICE

Swap

Rate

5

Year

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

133

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Income

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Asset-Backed

Securities

189,757

–

189,757

–

Basic

Materials

31,160,678

–

31,160,678

–

Capital

Goods

66,774,029

–

66,774,029

–

Collateralized

Mortgage

Obligations

45,014

–

45,014

–

Communications

Services

98,554,055

–

98,554,055

–

Consumer

Cyclical

98,552,346

–

98,552,346

–

Consumer

Non-Cyclical

138,475,795

–

138,475,795

–

Energy

73,539,881

–

73,539,881

–

Financials^

473,971,130

–

473,971,130

–

Foreign

Government

4,873,730

–

4,873,730

–

Mortgage-Backed

Securities

21,967,941

–

21,967,941

–

Technology

69,418,702

–

69,418,702

–

Transportation

28,783,424

–

28,783,424

–

U.S.

Government

&

Agencies

92,570,678

–

92,570,678

–

Utilities

108,312,099

–

108,312,099

–

Common

Stock

Communications

Services

4,047

–

4,047

–

Financials^

0

–

–

0

Short-Term

Investments

2,780,976

–

2,780,976

–

Subtotal

Investments

in

Securities

$1,309,974,282

$–

$1,309,974,282

$0

Other

Investments  *

Total

Affiliated

Short-Term

Investments

12,197,025

Collateral

Held

for

Securities

Loaned

21,356,520

Subtotal

Other

Investments

$33,553,545

Total

Investments

at

Value

$1,343,527,827

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.

^Level

3

security

in

this

section

is

fair

valued

at

<$1.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Income

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

190,091

190,091

–

–

Total

Asset

Derivatives

$190,091

$190,091

$–

$–

The

following

table

presents

Income

Portfolio's

futures

contracts

held

as

of

March

28,

2024.

Investments

and/or

cash

totaling

$1,097,237

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Amount

Value

and

Unrealized

CBOT

U.S.

Long

Bond

54

June

2024

$

6,430,685

$

72,940

Ultra

10-Yr.

U.S.

Treasury

Note

225

June

2024

25,669,960

117,151

Total

Futures

Long

Contracts

$

32,100,645

$

190,091

Total

Futures

Contracts

$

32,100,645

$190,091

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

134

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Income

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$32,285

$105,859

$125,947

$12,197

1,220

0.9%

Total

Affiliated

Short-Term

Investments

32,285

12,197

0.9

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

26,192

27,530

32,365

21,357

21,357

1.6

Total

Collateral

Held

for

Securities

Loaned

26,192

21,357

1.6

Total

Value

$58,477

$33,554

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$–

$–

$

–

$259

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$259

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

50

Total

Affiliated

Income

from

Securities

Loaned,

Net

$50

Total

Value

$–

$–

$

–

International

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

135

Shares

Common

Stock

(

94.1%

)

Value

Australia

(6.1%)

25,195

ALS,

Ltd.

$

215,423

41,452

AMP,

Ltd.

31,621

39,463

Ampol,

Ltd.

1,023,678

18,081

Ansell,

Ltd.

289,562

1,503

ARB

Corporation,

Ltd.

40,488

61,416

Arena

REIT

158,858

412,000

Aristocrat

Leisure,

Ltd.

11,536,354

230,935

Aurizon

Holdings,

Ltd.

602,151

136,049

Australia

and

New

Zealand

Banking

Group,

Ltd.

2,607,524

378,152

BHP

Group,

Ltd.

10,933,840

592,089

BlueScope

Steel,

Ltd.

9,208,803

102,527

Brambles,

Ltd.

1,079,002

20,019

Brickworks,

Ltd.

371,547

43,948

CAR

Group,

Ltd.

1,033,033

33,458

Charter

Hall

Retail

REIT

80,883

51,798

Collins

Foods,

Ltd.

342,302

89,900

Commonwealth

Bank

of

Australia

7,051,690

35,396

Computershare,

Ltd.

602,895

80,482

CSL,

Ltd.

15,100,601

20,687

Data#3,

Ltd.

111,616

170,244

Deterra

Royalties,

Ltd.

547,026

147,629

GrainCorp,

Ltd.

792,577

114,388

Growthpoint

Properties

Australia,

Ltd.

189,298

6,827

Hansen

Technologies,

Ltd.

21,673

18,011

Helia

Group,

Ltd.

45,890

4,206

HUB24,

Ltd.

116,173

27,673

Iluka

Resources,

Ltd.

130,066

123,566

Incitec

Pivot,

Ltd.

232,718

89,917

Independence

Group

NL

414,288

79,502

Inghams

Group,

Ltd.

185,991

47,069

IRESS,

Ltd.

a

254,282

62,899

JB

Hi-Fi,

Ltd.

2,633,105

1,254,014

Lottery

Corporation,

Ltd.

4,205,456

149,683

National

Australia

Bank,

Ltd.

3,389,127

15,191

Nick

Scali,

Ltd.

152,405

42,383

NRW

Holdings,

Ltd.

80,863

72,871

Origin

Energy,

Ltd.

437,132

232,706

Perseus

Mining,

Ltd.

326,319

38,575

Premier

Investments,

Ltd.

824,653

46,944

Qantas

Airways,

Ltd.

a

166,657

62,542

Reliance

Worldwide

Corporation,

Ltd.

234,678

32,884

Rio

Tinto,

Ltd.

2,609,843

7,657

Seven

Group

Holdings,

Ltd.

203,474

46,131

Super

Retail

Group,

Ltd.

484,087

204,651

Tabcorp

Holdings,

Ltd.

100,703

35,734

Technology

One,

Ltd.

394,968

205,353

Ventia

Services

Group

Pty,

Ltd.

515,336

118,320

Waypoint

REIT,

Ltd.

196,555

33,122

Wesfarmers,

Ltd.

1,476,405

162,398

Westpac

Banking

Corporation

2,762,085

37,928

Whitehaven

Coal,

Ltd.

175,400

Total

86,721,104

Austria

(0.1%)

108,866

AMS

AG

a

126,109

9,411

BAWAG

Group

AG

b

595,638

3,472

Erste

Group

Bank

AG

154,739

Total

876,486

Belgium

(0.5%)

7,691

Bekaert

SA

394,364

37,158

Groupe

Bruxelles

Lambert

SA

2,809,085

Shares

Common

Stock

(94.1%)

Value

Belgium

(0.5%)

-

continued

1,706

Melexis

NV

$

138,154

34,641

Syensqo

SA

3,282,437

801

Titan

Cement

International

SA

22,943

5,397

UCB

SA

666,245

Total

7,313,228

Bermuda

(0.2%)

90,000

Cafe

de

Coral

Holdings,

Ltd.

92,203

13,100

Hongkong

Land

Holdings,

Ltd.

40,223

63,000

Jardine

Matheson

Holdings,

Ltd.

2,350,001

10,804

Odfjell

Drilling,

Ltd.

48,664

269

Stolt-Nielsen,

Ltd.

9,911

60,000

Theme

International

Holdings,

Ltd.

a

4,753

Total

2,545,755

Brazil

(0.5%)

40,700

Atacadao

SA

109,390

39,600

B3

SA

-

Brasil

Bolsa

Balcao

94,748

8,300

Banco

ABC

Brasil

SA

40,313

35,851

Banco

Bradesco

SA

ADR

102,534

49,400

Banco

do

Brasil

SA

558,279

42,952

Centrais

Eletricas

Brasileiras

SA

ADR

358,649

1,618

Companhia

Paranaense

de

Energia

ADR

12,491

1,612

Companhia

Paranaense

de

Energia

ADR

a

10,849

61,502

Companhia

Siderurgica

Nacional

SA

ADR

192,501

58,700

CPFL

Energia

SA

408,000

43,070

Gerdau

SA

ADR

190,370

98,700

Iochpe-Maxion

SA

282,990

136,778

Itau

Unibanco

Holding

SA

ADR

947,872

128,895

Itausa

SA

269,591

23,045

Jalles

Machado

SA

36,254

45,100

JBS

S/A

192,615

3,827

Localiza

Rent

a

Car

SA

41,952

108,378

Petroleo

Brasileiro

SA

810,339

24,701

Petroleo

Brasileiro

SA

ADR

375,702

55,300

Randon

SA

Implementos

e

Participacoes

141,685

60,300

Telefonica

Brasil

SA

607,280

164,000

TIM

SA/Brazil

581,720

129,600

Usinas

Siderurgicas

de

Minas

Gerais

SA

Usiminas

259,179

79,528

Vale

SA

ADR

969,446

34,600

Vibra

Energia

SA

172,469

Total

7,767,218

Canada

(8.1%)

15,367

Agnico

Eagle

Mines,

Ltd.

916,314

299,021

Alimentation

Couche-Tard,

Inc.

17,066,416

51,621

ATCO,

Ltd.

1,437,103

34,258

Bank

of

Montreal

3,344,742

55,337

Bank

of

Nova

Scotia

2,862,548

49,606

Barrick

Gold

Corporation

825,088

701

Boyd

Group

Services,

Inc.

148,216

9,444

Canadian

Apartment

Properties

REIT

324,131

38,053

Canadian

Imperial

Bank

of

Commerce

1,929,127

142,982

Canadian

National

Railway

Company

18,828,171

179,624

Canadian

Utilities,

Ltd.

4,090,953

12,221

Canadian

Western

Bank

254,426

International

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

136

Shares

Common

Stock

(94.1%)

Value

Canada

(8.1%)

-

continued

57,932

Capital

Power

Corporation

$

1,634,182

9,464

CGI,

Inc.

a

1,044,111

6,110

Cogeco

Communications,

Inc.

271,004

2,363

Constellation

Software,

Inc./Canada

6,454,616

8,707

Descartes

Systems

Group,

Inc.

a

796,425

20,677

Dollarama,

Inc.

1,575,180

1,589

FirstService

Corporation

263,064

62,004

Fortis,

Inc.

2,449,857

3,891

Franco-Nevada

Corporation

463,652

3,527

George

Weston,

Ltd.

476,524

96,967

Hydro

One,

Ltd.

2,827,652

19,409

Intact

Financial

Corporation

3,152,897

27,408

Laurentian

Bank

of

Canada

566,957

38,112

Loblaw

Companies,

Ltd.

4,223,256

179,656

Manulife

Financial

Corporation

4,486,924

96,849

Metro,

Inc./CN

5,199,409

11,648

National

Bank

of

Canada

980,821

91,677

Royal

Bank

of

Canada

9,246,548

31,281

Russel

Metals,

Inc.

1,040,814

16,421

Shopify,

Inc.

a

1,267,208

7,232

Teck

Resources,

Ltd.

331,081

18,150

Thomson

Reuters

Corporation

2,824,569

8,622

TMX

Group,

Ltd.

227,429

38,892

Toromont

Industries,

Ltd.

3,742,625

120,720

Toronto-Dominion

Bank

7,285,711

116,485

TransAlta

Corporation

747,300

10,256

Wheaton

Precious

Metals

Corporation

483,365

Total

116,090,416

Cayman

Islands

(1.1%)

226,000

Alibaba

Group

Holding,

Ltd.

2,043,681

32,900

ASMPT,

Ltd.

413,864

355

Baidu.com,

Inc.

ADR

a

37,374

209,000

China

Feihe,

Ltd.

b

98,352

324,000

China

Mengniu

Dairy

Company,

Ltd.

697,356

214,000

China

Resources

Building

Materials

Technology

Holdings,

Ltd.

32,585

204,500

China

Resources

Land,

Ltd.

648,763

154,000

Consun

Pharmaceutical

Group,

Ltd.

110,184

281,000

Geely

Automobile

Holdings,

Ltd.

332,559

6,416

Hello

Group,

Inc.

ADR

39,843

27,883

JD.com,

Inc.

382,468

20,580

JOYY,

Inc.

ADR

632,835

12,000

Kingboard

Holdings,

Ltd.

24,500

13,000

Li

Auto,

Inc

a

197,399

231,500

Li

Ning

Company,

Ltd.

617,575

28,000

Longfor

Group

Holdings,

Ltd.

b

39,715

63,352

Meituan

a,b

782,023

17,000

NetDragon

Websoft

Holdings,

Ltd.

23,822

1,456

NetEase,

Inc.

ADR

150,652

12,536

PDD

Holdings,

Inc.

ADR

a

1,457,310

126,000

Seazen

Group,

Ltd.

a

16,939

1,130,500

Shui

On

Land,

Ltd.

96,846

196,000

Sino

Biopharmaceutical,

Ltd.

75,788

80,400

Sunny

Optical

Technology

(Group)

Company,

Ltd.

411,753

40,972

TAL

Education

Group

ADR

a

465,032

126,124

Tencent

Holdings,

Ltd.

4,912,523

124,000

VSTECS

Holdings,

Ltd.

66,440

608,500

WH

Group,

Ltd.

b

401,659

276,800

Xiaomi

Corporation

a,b

543,436

Shares

Common

Stock

(94.1%)

Value

Cayman

Islands

(1.1%)

-

continued

166,000

Zhongsheng

Group

Holdings,

Ltd.

$

288,337

Total

16,041,613

Chile

(<0.1%)

1,247

Banco

de

Chile

ADR

27,771

3,131

Banco

de

Credito

e

Inversiones

SA

89,510

73,456

Cencosud

SA

127,453

880,936

Colbun

SA

114,144

34,212

Embotelladora

Andina

SA

86,671

37,897

Empresas

CMPC

SA

77,011

61,241

S.A.C.I.

Falabella

a

160,744

Total

683,304

China

(1.0%)

2,816,700

Agricultural

Bank

of

China,

Ltd.

1,625,929

642,400

Aluminum

Corporation

of

China,

Ltd.,

Class

A

632,660

1,078,000

Aluminum

Corporation

of

China,

Ltd.,

Class

H

686,427

59,500

Anhui

Conch

Cement

Company,

Ltd.,

Class

H

123,383

553,700

Bank

of

China,

Ltd.,

Class

A

335,707

736,700

Bank

of

Communications

Company,

Ltd.

637,359

848,900

Baoshan

Iron

&

Steel

Company,

Ltd.

760,537

1,567,200

BOE

Technology

Group

Company,

Ltd.

874,267

1,278,000

CGN

Power

Company,

Ltd.

b

379,155

103,200

China

Construction

Bank

Corporation,

Class

A

97,549

111,000

China

Construction

Bank

Corporation,

Class

H

66,985

2,400

China

Merchants

Shekou

Industrial

Zone

Holdings

Company,

Ltd.

3,209

726,000

China

National

Building

Material

Company,

Ltd.

249,888

391,000

China

Railway

Group,

Ltd.

193,539

2,000

China

Tourism

Group

Duty

Free

Corporation,

Ltd.

b

19,965

140,300

China

United

Network

Communications,

Ltd.

89,578

681,000

CMOC

Group,

Ltd.

579,956

953,000

CRRC

Corporation,

Ltd.

514,419

181,900

Foxconn

Industrial

Internet

Company,

Ltd.

590,999

24,800

Fuyao

Glass

Industry

Group

Company,

Ltd.,

Class

H

b

124,949

217,000

Great

Wall

Motor

Company,

Ltd.,

Class

H

241,742

94,700

Gree

Electric

Appliances,

Inc.

of

Zhuhai

513,836

1,116,100

Greenland

Holdings

Corporation,

Ltd.

a

299,785

55,300

Guotai

Junan

Securities

Company,

Ltd.

109,101

43,200

Huatai

Securities

Company,

Ltd.

b

49,433

371,300

Huaxia

Bank

Company,

Ltd.

332,530

7,500

Jiangsu

Hengrui

Medicine

Company,

Ltd.

48,003

365,000

Jiangxi

Copper

Company,

Ltd.,

Class

H

623,408

86,300

Livzon

Pharmaceutical

Group,

Inc.

448,523

830,000

People's

Insurance

Company

(Group)

of

China,

Ltd.

265,344

International

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

137

Shares

Common

Stock

(94.1%)

Value

China

(1.0%)

-

continued

193,900

PetroChina

Company,

Ltd.,

Class

A

$

248,585

520,000

PetroChina

Company,

Ltd.,

Class

H

445,964

147,778

Ping

An

Insurance

(Group)

Company

of

China,

Ltd.,

Class

H

627,418

167,200

Poly

Developments

and

Holdings

Group

Company,

Ltd.

216,502

6,800

Seazen

Holdings

Company,

Ltd.

a

9,237

483,400

Shenwan

Hongyuan

Group

Company,

Ltd.

295,724

419,200

Shenzhen

Overseas

Chinese

Town

Company,

Ltd.

a

159,033

18,000

Shenzhou

International

Group

Holdings,

Ltd.

170,882

145,000

Tong

Ren

Tang

Technologies

Company,

Ltd.

90,318

18,000

Tsingtao

Brewery

Company,

Ltd.

123,879

111,400

Wanda

Film

Holding

Company,

Ltd.

a

234,841

45,400

WuXi

AppTec

Company,

Ltd.,

Class

H

b

215,703

118,000

ZTE

Corporation

235,553

Total

14,591,804

Colombia

(<0.1%)

2,269

Bancolombia

SA

20,123

1,734

Bancolombia

SA

ADR

59,338

Total

79,461

Cyprus

(<0.1%)

18,642

Ros

Agro

plc

GDR

a,c

0

Total

0

Czech

Republic

(<0.1%)

11,577

Komercni

Banka

AS

414,642

75

Philip

Morris

CR

50,588

Total

465,230

Denmark

(2.6%)

22,865

ALK-Abello

AS

a

412,407

62,229

Carlsberg

AS

8,521,962

3,073

ChemoMetec

AS

189,283

1,731

Dampskibsselskabet

Norden

AS

70,746

3,677

DFDS

AS

106,890

5,060

DSV

AS

822,527

4,875

H

Lundbeck

A/S

20,240

2,865

Jyske

Bank

AS

242,681

142,085

Novo

Nordisk

AS

18,225,728

44,892

Pandora

AS

7,245,840

557

Per

Aarsleff

Holding

A/S

27,794

267

Ringkjoebing

Landbobank

AS

46,814

13,797

Scandinavian

Tobacco

Group

AS

b

247,050

11,263

Sydbank

AS

583,897

Total

36,763,859

Finland

(0.3%)

6,310

Cargotec

Oyj

a

439,962

145,221

Fortum

Oyj

d

1,792,929

6,557

Huhtamaki

Oyj

274,685

9,898

Kemira

Oyj

187,112

31,668

Kesko

Oyj

592,004

34,245

Kojamo

Oyj

a

405,836

2,436

Konecranes

Oyj

126,444

4,595

Puuilo

Oyj

49,128

Shares

Common

Stock

(94.1%)

Value

Finland

(0.3%)

-

continued

24,758

Tokmanni

Group

Corporation

$

405,453

Total

4,273,553

France

(6.2%)

25,280

Air

Liquide

SA

5,259,488

1,508

Arkema

SA

158,762

363,241

CGG

SA

a

157,403

127,687

Compagnie

de

Saint-Gobain

SA

9,910,302

18,448

Compagnie

Generale

des

Etablissements

Michelin

SCA

706,992

98,122

Danone

SA

6,343,102

190,569

Dassault

Systemes

SE

8,435,977

89,877

Eiffage

SA

10,200,372

22,980

Eutelsat

Communications

SACA

a

100,143

20,280

Ipsos

SA

1,429,736

8,211

Kering

SA

3,252,252

3,372

La

Francaise

des

Jeux

SAEM

b

137,435

109,314

Legrand

SA

11,583,456

10,393

LVMH

Moet

Hennessy

Louis

Vuitton

SE

9,351,617

10,788

Publicis

Groupe

SA

1,176,117

8,875

Rubis

SCA

313,343

8,880

Schneider

Electric

SE

2,007,565

151,428

Societe

Generale

SA

4,057,226

3,709

Sopra

Steria

Group

898,854

21,231

TotalEnergies

SE

1,460,472

8,533

Valeo

SE

106,682

2,803

Verallia

SA

b

108,978

83,838

Vinci

SA

10,758,852

3,853

Wendel

SA

393,239

4,684

Worldline

SA

a,b

57,949

Total

88,366,314

Germany

(4.9%)

5,815

Aixtron

SE

153,534

18,440

Allianz

SE

5,526,805

16,172

BASF

SE

924,134

37,393

Bayerische

Motoren

Werke

AG

4,314,375

37,264

Brenntag

AG

3,140,659

577

Carl

Zeiss

Meditec

AG

72,025

4,057

Dermapharm

Holding

SE

142,912

25,361

Deutsche

Boerse

AG

5,193,694

103,112

Deutsche

Post

AG

4,443,872

19,447

Deutz

AG

123,410

173

Elmos

Semiconductor

SE

13,790

361

Fresenius

Medical

Care

AG

13,872

29,872

Fresenius

SE

&

Company

KGaA

805,555

6,255

Gerresheimer

AG

704,141

30,201

Heidelberg

Materials

AG

3,324,578

12,273

HelloFresh

SE

a

87,541

1,645

Hugo

Boss

AG

96,954

140,334

Infineon

Technologies

AG

4,772,149

2,608

Jenoptik

AG

81,014

10,576

Klockner

&

Company

SE

77,022

9,432

LANXESS

AG

252,454

22,790

LEG

Immobilien

AG

a

1,957,461

14,064

Merck

KGaA

2,479,990

3,476

Muenchener

Rueckversicherungs-

Gesellschaft

AG

1,696,783

7,149

Nemetschek

SE

707,632

10,567

SAF-Holland

SE

215,391

67,354

SAP

SE

13,115,145

38,700

Scout24

SE

b

2,915,601

56,291

Siemens

AG

10,748,174

3,158

Siltronic

AG

280,195

International

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

138

Shares

Common

Stock

(94.1%)

Value

Germany

(4.9%)

-

continued

573

SMA

Solar

Technology

AG

a

$

33,088

1,693

Stabilus

SE

107,802

2,900

Stroeer

SE

&

Company

KGaA

176,510

31,906

TAG

Immobilien

AG

a

436,064

6,979

TeamViewer

SE

a,b

104,003

1,325

VIB

Vermoegen

AG

a

16,010

Total

69,254,339

Greece

(<0.1%)

28,697

Eurobank

Ergasias

Services

and

Holdings

SA

a

55,170

5,197

HELLENiQ

ENERGY

Holdings

SA

e

46,761

1,366

Motor

Oil

(Hellas)

Corinth

Refineries

SA

40,704

Total

142,635

Hong

Kong

(1.2%)

90,200

Bank

of

East

Asia,

Ltd.

107,478

480,000

China

Overseas

Land

&

Investment,

Ltd.

692,757

147,000

CK

Hutchison

Holdings,

Ltd.

707,459

75,440

CSPC

Pharmaceutical

Group,

Ltd.

59,379

16,000

Hang

Lung

Group,

Ltd.

18,430

116,000

Hang

Lung

Properties,

Ltd.

119,288

94,000

Henderson

Land

Development

Company,

Ltd.

268,432

421,500

Hong

Kong

Exchanges

&

Clearing,

Ltd.

12,281,781

72,500

Swire

Pacific,

Ltd.

596,847

77,500

Techtronic

Industries

Company,

Ltd.

1,053,060

498,000

United

Laboratories

International

Holdings,

Ltd.

570,536

5,400

VTech

Holdings,

Ltd.

32,753

310,000

Weichai

Power

Company,

Ltd.,

Class

H

591,515

23,000

Yuexiu

Property

Company,

Ltd.

12,691

Total

17,112,406

Hungary

(0.1%)

43,491

MOL

Hungarian

Oil

&

Gas

plc

352,677

12,921

OTP

Bank

Nyrt

594,690

2,581

Richter

Gedeon

Nyrt

65,476

Total

1,012,843

India

(1.7%)

3,839

Angel

One,

Ltd.

140,178

1,847

Apar

Industries,

Ltd.

154,756

35,085

Axis

Bank,

Ltd.

442,190

16,568

Bajaj

Auto,

Ltd.

1,822,791

4,883

Bajaj

Finserv,

Ltd.

96,601

22,964

Bharat

Petroleum

Corporation,

Ltd.

166,358

45,162

Birlasoft,

Ltd.

403,508

1,789

Ceat,

Ltd.

57,715

5,986

Chambal

Fertilisers

and

Chemicals,

Ltd.

24,613

66,654

Cipla,

Ltd.

1,198,221

134,500

Coal

India,

Ltd.

703,279

1,582

CRISIL,

Ltd.

96,324

6,864

Cummins

India,

Ltd.

247,794

2,394

Dixon

Technologies

India,

Ltd.

215,671

10,355

Gujarat

State

Petronet,

Ltd.

44,349

55,150

HCL

Technologies,

Ltd.

1,025,379

24,353

HDFC

Asset

Management

Company,

Ltd.

b

1,098,229

Shares

Common

Stock

(94.1%)

Value

India

(1.7%)

-

continued

28,471

Hero

MotoCorp,

Ltd.

$

1,616,501

12,548

Hindalco

Industries,

Ltd.

84,719

43,898

ICICI

Bank,

Ltd.

ADR

1,159,346

1,797

ICICI

Securities,

Ltd.

b

15,678

330,813

Indian

Oil

Corporation,

Ltd.

667,546

731

Info

Edge

India,

Ltd.

49,124

51,857

Infosys,

Ltd.

ADR

929,796

63,861

Jindal

Saw,

Ltd.

330,947

29,515

JK

Tyre

&

Industries,

Ltd.

153,422

41,124

Kotak

Mahindra

Bank,

Ltd.

883,509

17,833

KPIT

Technologies,

Ltd.

319,172

25,871

Larsen

&

Toubro,

Ltd.

1,170,127

3,069

LTIMindtree,

Ltd.

b

182,378

40,008

Manappuram

Finance,

Ltd.

83,308

674

Maruti

Suzuki

India,

Ltd.

102,031

180

MRF,

Ltd.

288,098

17,689

NCC,

Ltd./India

49,444

4,070

Nestle

India,

Ltd.

128,117

4,316

Nippon

Life

India

Asset

Management,

Ltd.

b

24,393

392,055

Oil

&

Natural

Gas

Corporation,

Ltd.

1,265,565

1,871

PB

Fintech,

Ltd.

a

25,305

8,736

Persistent

Systems,

Ltd.

419,063

1,166

PI

Industries,

Ltd.

54,173

8,752

Pidilite

Industries,

Ltd.

316,574

78,695

Power

Finance

Corporation,

Ltd.

369,225

57,605

REC,

Ltd.

312,676

25,723

Reliance

Industries,

Ltd.

919,808

179,934

State

Bank

of

India

1,629,577

37,617

Tata

Consultancy

Services,

Ltd.

1,755,659

38,496

Tata

Motors,

Ltd.

459,581

4,977

UltraTech

Cement,

Ltd.

582,821

34,836

Union

Bank

of

India,

Ltd.

64,380

7,016

United

Spirits,

Ltd.

95,536

39,765

Welspun

Living,

Ltd.

65,775

Total

24,511,330

Indonesia

(0.3%)

2,655,500

Bank

Central

Asia

Tbk

PT

1,688,733

1,665,900

Bank

Mandiri

Persero

Tbk

PT

757,973

3,535,100

Bank

Rakyat

Indonesia

Persero

Tbk

PT

1,351,734

Total

3,798,440

Ireland

(<0.1%)

19,270

Cairn

Homes

plc

33,188

Total

33,188

Israel

(0.7%)

9,300

Azrieli

Group,

Ltd.

671,051

69,795

Bank

Hapoalim

BM

654,080

194,871

Bank

Leumi

Le-Israel

BM

1,619,864

19,231

Check

Point

Software

Technologies,

Ltd.

a

3,154,076

1,643

First

International

Bank

of

Israel,

Ltd.

68,364

2,380

Israel

Corporation,

Ltd.

a

648,223

317

Isras

Holdings,

Ltd.

a

27,072

5,646

Magic

Software

Enterprises,

Ltd.

65,153

14,286

Mivne

Real

Estate

(KD),

Ltd.

35,245

3,892

Mizrahi

Tefahot

Bank,

Ltd.

145,910

3,293

NICE,

Ltd.

a

856,974

4,428

Nova,

Ltd.

a

782,724

324,322

Oil

Refineries,

Ltd.

107,639

5,076

One

Software

Technologies,

Ltd.

75,092

International

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

139

Shares

Common

Stock

(94.1%)

Value

Israel

(0.7%)

-

continued

68,062

Plus500,

Ltd.

$

1,550,573

9,932

Radware,

Ltd.

a

185,927

Total

10,647,967

Italy

(4.3%)

32,751

ACEA

SPA

580,462

84,068

Anima

Holding

SPA

b

399,621

21,120

Arnoldo

Mondadori

Editore

SPA

53,090

101,695

Azimut

Holding

SPA

2,764,625

12,669

Banca

Farmafactoring

SPA

b

169,616

6,615

Banca

Generali

SPA

262,853

22,802

Banca

IFIS

SPA

446,747

337,929

Banca

Mediolanum

SPA

3,714,173

40,643

Banca

Popolare

di

Sondrio

SPA

304,159

13,056

BPER

Banca

61,734

3,559

Brunello

Cucinelli

SPA

406,751

27,848

Buzzi

SPA

1,093,677

1,666

Credito

Emiliano

SPA

16,671

1,170,512

Enel

SPA

7,727,157

624,047

Eni

SPA

9,881,213

3,589,408

Intesa

Sanpaolo

SPA

13,031,521

126,196

Iren

SPA

258,168

924,976

Italgas

SPA

5,388,718

23,281

Moncler

SPA

1,737,251

120,016

OVS

SPA

b

315,661

211,796

Recordati

SPA

11,694,936

604

Reply

SPA

85,474

8,131

Technogym

SPA

b

80,675

16,685

Unipol

Gruppo

SPA

139,820

Total

60,614,773

Japan

(18.8%)

32

Activia

Properties,

Inc.

87,016

96,200

Advantest

Corporation

4,273,479

6,400

Aica

Kogyo

Company,

Ltd.

156,580

9,700

Ain

Holdings,

Inc.

349,372

800

Aisin

Corporation

32,690

3,200

Amvis

Holdings,

Inc.

53,790

18,800

Aozora

Bank,

Ltd.

304,561

29,600

Arcs

Company,

Ltd.

611,292

18,500

Artience

Company,

Ltd.

359,035

310,900

Astellas

Pharma,

Inc.

3,339,920

3,600

Axial

Retailing,

Inc.

24,434

4,800

BML,

Inc.

92,475

300

C.

Uyemura

&

Company,

Ltd.

20,434

230,100

Canon,

Inc.

6,855,844

44,800

Capcom

Company,

Ltd.

839,288

15,600

Central

Glass

Company,

Ltd.

294,282

3,800

Chiba

Bank,

Ltd.

31,620

12,500

Chudenko

Corporation

248,083

17,900

Chugin

Financial

Group,

Inc.

152,581

5,600

COMSYS

Holdings

Corporation

131,233

12,700

Dai

Nippon

Printing

Company,

Ltd.

388,946

35,100

Daiichi

Sankyo

Company,

Ltd.

1,116,843

15,400

Daikin

Industries,

Ltd.

2,102,727

3,600

Daio

Paper

Corporation

27,892

2,900

Daito

Trust

Construction

Company,

Ltd.

330,840

38,600

Daiwa

House

Industry

Company,

Ltd.

1,148,945

155

Daiwa

House

REIT

Investment

Corporation

265,141

61,400

Daiwa

Securities

Group,

Inc.

467,153

10,900

Denso

Corporation

208,753

10,700

DISCO

Corporation

3,911,208

Shares

Common

Stock

(94.1%)

Value

Japan

(18.8%)

-

continued

29,700

Doutor

Nichires

Holdings

Company,

Ltd.

$

403,049

14,300

DTS

Corporation

373,794

7,800

Elan

Corporation

47,268

1,276,500

Eneos

Holdings,

Inc.

6,149,989

2,400

Fast

Retailing

Company,

Ltd.

743,583

10,100

Food

&

Life

Companies,

Ltd.

193,836

11,700

Fuji

Media

Holdings,

Inc.

141,708

15,300

Fuji

Soft,

Inc.

606,607

180,900

FUJIFILM

Holdings

NPV

4,062,040

1,500

Fukuda

Denshi

Company,

Ltd.

68,621

4,900

Fukuyama

Transporting

Company,

Ltd.

115,921

8,500

Future

Corporation

93,656

11,400

Glory,

Ltd.

215,153

21,500

Gree,

Inc.

68,401

22,200

Hakuhodo

DY

Holdings,

Inc.

200,103

9,900

Hanwa

Company,

Ltd.

386,368

60,800

Heiwa

Corporation

795,134

8,100

Heiwado

Company,

Ltd.

108,372

50,200

Hino

Motors,

Ltd.

a

168,223

21,000

HIS

Company,

Ltd.

a

264,016

28,900

Hitachi,

Ltd.

2,640,895

479,500

Honda

Motor

Company,

Ltd.

5,933,185

49,400

Hoya

Corporation

6,178,500

17,800

Hyakugo

Bank,

Ltd.

75,339

91,900

Inaba

Denki

Sangyo

Company,

Ltd.

2,132,463

332

Industrial

&

Infrastructure

Fund

Investment

Corporation

301,451

1,300

Internet

Initiative

Japan,

Inc.

24,274

18,500

ITOCHU

Corporation

794,753

700

Itochu-Shokuhin

Company,

Ltd.

33,241

6,200

JAC

Recruitment

Company,

Ltd.

32,325

6,800

JAFCO

Group

Company,

Ltd.

84,091

211

Japan

Metropolitan

Fund

Investment

Corporation

131,472

4,400

Japan

Post

Insurance

Company,

Ltd.

84,107

135,300

Japan

Tobacco,

Inc.

3,607,359

6,600

JEOL,

Ltd.

273,416

20,600

JFE

Holdings,

Inc.

341,417

16,300

JGC

Corporation

159,821

3,200

J-Oil

Mills,

Inc.

40,976

4,500

Juroku

Financial

Group,

Inc.

139,780

71,000

Kajima

Corporation

1,457,252

27,600

Kakaku.com,

Inc.

334,826

22,600

Kamigumi

Company,

Ltd.

498,048

1,100

Kansai

Paint

Company,

Ltd.

15,756

2,800

Kasumigaseki

Capital

Company,

Ltd.

316,283

252,300

KDDI

Corporation

7,459,684

114

KDX

Realty

Investment

Corporation

121,170

1,200

KeePer

Technical

Laboratory

Company,

Ltd.

39,443

26,600

Keiyo

Bank,

Ltd.

133,098

9,000

Keyence

Corporation

4,178,348

27,200

Kinden

Corporation

474,084

7,800

Kokuyo

Company,

Ltd.

127,550

5,600

KOMEDA

Holdings

Company,

Ltd.

99,751

37,100

Kubota

Corporation

582,089

9,800

Kumagai

Gumi

Company,

Ltd.

267,118

11,400

Kuraray

Company,

Ltd.

122,111

1,100

Kurita

Water

Industries,

Ltd.

45,606

1,400

KYB

Corporation

47,507

93,100

Kyoei

Steel,

Ltd.

1,456,180

International

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

140

Shares

Common

Stock

(94.1%)

Value

Japan

(18.8%)

-

continued

7,400

Kyoritsu

Maintenance

Company,

Ltd.

$

169,435

4,000

Kyushu

Financial

Group,

Inc.

29,541

1,800

Lasertec

Corporation

513,055

17,300

Link

and

Motivation,

Inc.

62,139

19,300

Lion

Corporation

172,537

4,100

M&A

Research

Institute

Holdings,

Inc.

a

183,073

29,500

Mandom

Corporation

260,272

1,300

Matsuyafoods

Holdings

Company,

Ltd.

48,400

16,500

Mazda

Motor

Corporation

191,228

1,900

McDonald's

Holdings

Company

(Japan),

Ltd.

85,437

11,000

Mebuki

Financial

Group,

Inc.

36,142

20,500

Medipal

Holdings

Corporation

313,722

6,300

MegaChips

Corporation

160,908

36,800

MEITEC

Group

Holdings,

Inc.

711,509

11,400

Menicon

Company,

Ltd.

117,161

700

Micronics

Japan

Company,

Ltd.

38,418

209,600

Mitsubishi

Chemical

Group

Corporation

1,277,360

283,400

Mitsubishi

Corporation

6,549,723

47,100

Mitsubishi

Estate

Company,

Ltd.

859,386

17

Mitsubishi

Estate

Logistics

REIT

Investment

Corporation

43,283

122,600

Mitsubishi

HC

Capital,

Inc.

855,091

2,400

Mitsubishi

Logistics

Corporation

77,697

2,000

Mitsubishi

Materials

Corporation

37,609

12,200

Mitsubishi

Shokuhin

Company,

Ltd.

448,711

725,000

Mitsubishi

UFJ

Financial

Group,

Inc.

7,376,224

28,900

Mitsui

&

Company,

Ltd.

1,351,121

12,100

Mixi,

Inc.

209,401

328,700

Mizuho

Financial

Group,

Inc.

6,500,144

65,400

MS

and

AD

Insurance

Group

Holdings,

Inc.

1,154,803

130,200

Murata

Manufacturing

Company,

Ltd.

2,435,054

5,100

Nanto

Bank,

Ltd.

103,066

12,600

NEC

Corporation

919,867

17,400

NEC

Networks

&

System

Integration

Corporation

289,690

38,200

Net

One

Systems

Company,

Ltd.

671,490

3,200

Nextage

Company,

Ltd.

60,598

1,500

Nichiha

Corporation

33,907

2,800

Nifco,

Inc./Japan

70,454

10,400

Nikkon

Holdings

Company,

Ltd.

200,708

47,600

Nikon

Corporation

481,822

79,500

Nintendo

Company,

Ltd.

4,337,887

17,600

Nippon

Electric

Glass

Company,

Ltd.

449,555

1,100

Nippon

Express

Holdings,

Inc.

56,150

91

Nippon

REIT

Investment

Corporation

213,378

29,100

Nippon

Steel

Corporation

d

700,276

4,282,000

Nippon

Telegraph

and

Telephone

Corporation

5,100,305

13,300

Nipro

Corporation

105,565

19,800

Nishimatsu

Construction

Company,

Ltd.

569,190

4,200

Nisshin

Oillio

Group,

Ltd.

140,790

43,700

Nitto

Kogyo

Corporation

1,202,382

9,800

NOK

Corporation

134,677

271,600

Nomura

Holdings,

Inc.

1,738,382

22,200

Nomura

Research

Institute,

Ltd.

627,122

Shares

Common

Stock

(94.1%)

Value

Japan

(18.8%)

-

continued

3,200

Noritsu

Koki

Company,

Ltd.

$

67,385

37,000

NSD

Company,

Ltd.

715,475

69,900

NTN

Corporation

145,706

105,700

NTT

Data

Group

Corporation

1,680,414

3,800

OBIC

Business

Consultants

Company,

Ltd.

178,746

2,300

Ogaki

Kyoritsu

Bank,

Ltd.

33,204

7,700

Ohsho

Food

Service

Corporation

392,940

10,900

Okamura

Corporation

160,673

29,800

Okinawa

Electric

Power

Company,

Inc.

226,174

88,400

Ono

Pharmaceutical

Company,

Ltd.

1,448,430

97,700

Oriental

Land

Company,

Ltd.

3,129,889

202,000

ORIX

Corporation

4,418,094

21,400

Otsuka

Corporation

454,075

24,400

Otsuka

Holdings

Company,

Ltd.

1,013,535

188,700

Panasonic

Holdings

Corporation

1,800,909

71,300

Persol

Holdings

Company,

Ltd.

99,730

10,600

Plus

Alpha

Consulting

Company,

Ltd.

169,815

9,500

Raito

Kogyo

Company,

Ltd.

126,453

10,100

Rakus

Company,

Ltd.

137,027

100,284

Recruit

Holdings

Company,

Ltd.

4,403,150

137,200

Renesas

Electronics

Corporation

2,444,994

12,900

Rengo

Company,

Ltd.

98,337

24,100

Resona

Holdings,

Inc.

148,564

16,300

Resorttrust,

Inc.

278,892

3,100

Retail

Partners

Company,

Ltd.

38,128

173,700

Rohm

Company,

Ltd.

2,785,938

200

Rorze

Corporation

28,253

37,600

Sankyo

Company,

Ltd.

410,734

17,300

Sankyu,

Inc.

595,431

18,800

Santen

Pharmaceutical

Company,

Ltd.

184,885

10,800

Sanyo

Chemical

Industries,

Ltd.

301,074

3,700

Sato

Holdings

Corporation

56,585

24,600

SCREEN

Holdings

Company,

Ltd.

3,189,511

72,600

Secom

Company,

Ltd.

5,267,348

4,600

Sega

Sammy

Holdings,

Inc.

56,819

22,900

Seino

Holdings

Company,

Ltd.

314,299

135,500

Sekisui

Chemical

Company,

Ltd.

1,982,448

86,700

Sekisui

House,

Ltd.

1,974,824

366,300

Seven

&

I

Holdings

Company,

Ltd.

5,339,147

20,400

SG

Holdings

Company,

Ltd.

258,345

1,100

SHIFT,

Inc.

a

175,310

50,100

Shimizu

Corporation

323,531

79,400

Shin-Etsu

Chemical

Company,

Ltd.

3,482,639

13,500

ShinMaywa

Industries,

Ltd.

109,944

14,600

Ship

Healthcare

Holdings,

Inc.

201,668

10,700

Siix

Corporation

122,157

63,800

SKY

Perfect

JSAT

Holdings,

Inc.

434,935

4,900

SMC

Corporation

2,764,385

4,000

Socionext,

Inc.

109,260

110,600

SoftBank

Group

Corporation

6,568,024

79,500

Sohgo

Security

Services

Company,

Ltd.

431,665

79,500

Sojitz

Corporation

2,097,125

170,100

Sompo

Holdings,

Inc.

3,565,306

58,100

Sony

Group

Corporation

4,982,117

480

Star

Asia

Investment

Corporation

185,022

5,200

Starts

Corporation,

Inc.

108,191

900

Strike

Company,

Ltd.

28,814

42,200

Sumco

Corporation

667,214

51,400

Sumitomo

Dainippon

Pharma

Company,

Ltd.

134,714

International

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

141

Shares

Common

Stock

(94.1%)

Value

Japan

(18.8%)

-

continued

39,300

Sumitomo

Mitsui

Financial

Group,

Inc.

$

2,297,977

111,700

Sumitomo

Mitsui

Trust

Holdings,

Inc.

2,406,756

7,700

Sumitomo

Realty

&

Development

Company,

Ltd.

286,899

5,400

Sumitomo

Riko

Company,

Ltd.

47,770

3,500

Sumitomo

Rubber

Industries,

Ltd.

43,148

900

Suzuken

Company,

Ltd./Aichi

Japan

27,437

142,400

Systena

Corporation

252,780

17,700

Tadano,

Ltd.

151,386

14,300

Taiheiyo

Cement

Corporation

329,349

7,000

Taikisha,

Ltd.

218,689

35,100

Taiyo

Holdings

Company,

Ltd.

773,382

10,100

Takamatsu

Construction

Group

Company,

Ltd.

188,135

9,000

Takara

Standard

Company,

Ltd.

113,979

275,000

Takeda

Pharmaceutical

Company,

Ltd.

7,648,820

2,100

TechnoPro

Holdings,

Inc.

42,059

3,900

Teijin,

Ltd.

35,422

21,400

Terumo

Corporation

391,591

4,200

THK

Company,

Ltd.

98,749

73,300

TIS,

Inc.

1,572,712

79,900

Toagosei

Company,

Ltd.

837,157

16,700

Toho

Holdings

Company,

Ltd.

396,861

64,900

Tohoku

Electric

Power

Company,

Inc.

508,693

5,200

Tokai

Corporation/Gifu

74,068

45,700

Tokio

Marine

Holdings,

Inc.

1,432,524

23,500

Tokyo

Electron,

Ltd.

6,120,556

4,000

Tokyo

Seimitsu

Company,

Ltd.

310,749

9,500

Tokyotokeiba

Company,

Ltd.

281,229

42,300

Tokyu

Fudosan

Holdings

Corporation

341,761

6,600

TOMY

Company,

Ltd.

120,529

160,100

TOPPAN

Holdings,

Inc.

4,013,228

1,400

Torii

Pharmaceutical

Company,

Ltd.

38,109

12,800

Totetsu

Kogyo

Company,

Ltd.

252,706

3,100

Towa

Pharmaceutical

Company,

Ltd.

60,090

6,000

Toyo

Suisan

Kaisha,

Ltd.

366,875

597,900

Toyota

Motor

Corporation

15,111,905

14,600

Transcosmos,

Inc.

297,921

20,000

TRE

Holdings

Corporation

159,383

38,200

Tsubakimoto

Chain

Company

1,286,900

400

Tsuruha

Holdings,

Inc.

28,543

140,600

TV

Asahi

Holdings

Corporation

1,940,845

53,100

UBE

Corporation

945,947

4,900

ULVAC,

Inc.

315,280

3,500

U-Next

Holdings

Company,

Ltd.

119,926

3,300

UT

Group

Company,

Ltd.

77,481

7,600

Valor

Holdings

Company,

Ltd.

124,223

12,200

ValueCommerce

Company,

Ltd.

86,193

2,700

WDB

Holdings

Company,

Ltd.

41,090

78,700

Yakult

Honsha

Company,

Ltd.

1,608,509

547,900

Yamada

Holdings

Company,

Ltd.

1,587,209

20,800

Yuasa

Trading

Company,

Ltd.

726,800

1,900

Zeria

Pharmaceutical

Company,

Ltd.

26,617

140,000

ZOZO,

Inc.

3,474,776

Total

267,783,037

Shares

Common

Stock

(94.1%)

Value

Jersey

(0.6%)

80,340

Experian

plc

$

3,500,646

262,902

Glencore

plc

1,442,689

978,938

Man

Group

plc

3,303,900

179,424

TP

ICAP

Group

plc

510,044

Total

8,757,279

Kuwait

(0.1%)

21,576

HumanSoft

Holding

Company

KSCC

233,711

46,841

Kuwait

Finance

House

KSCP

121,808

77,334

Mobile

Telecommunications

Company

KSCP

123,413

170,360

National

Bank

of

Kuwait

KSC

531,518

32,126

National

Industries

Group

Holding

22,978

Total

1,033,428

Luxembourg

(0.2%)

38,835

Aroundtown

SA

a

81,867

252,479

B&M

European

Value

Retail

SA

1,740,547

15,634

Grand

City

Properties

SA

a

178,801

1,997

Reinet

Investments

SCA

48,315

5,820

Tenaris

SA

ADR

228,552

Total

2,278,082

Malaysia

(<0.1%)

78,600

Hong

Leong

Bank

Bhd

321,508

28,600

IOI

Corporation

Bhd

23,884

6,900

Petronas

Dagangan

Bhd

31,344

100,511

Sports

Toto

Bhd

29,518

24,200

Ta

Ann

Holdings

Bhd

20,465

112,700

YTL

Corporation

Bhd

62,163

Total

488,882

Mexico

(0.2%)

2,396

America

Movil

SAB

de

CV

ADR

44,710

11,000

Arca

Continental

SAB

de

CV

120,061

34,371

Cemex

SAB

de

CV

ADR

a

309,683

6,952

Coca-Cola

FEMSA

SAB

de

CV

ADR

675,734

1,259

Fomento

Economico

Mexicano

SAB

de

CV

ADR

164,010

24,833

Grupo

Financiero

Banorte

SAB

de

CV

ADR

263,454

73,000

Grupo

Mexico

SAB

de

CV

430,899

103,000

Megacable

Holdings

SAB

de

CV

286,364

27,900

Wal-Mart

de

Mexico

SAB

de

CV

112,443

Total

2,407,358

Netherlands

(5.3%)

6,209

ASM

International

NV

3,802,419

32,372

ASML

Holding

NV

31,383,518

9,764

Cementir

Holding

NV

110,523

11,801

Euronext

NV

b

1,123,106

7,281

IMCD

NV

1,281,533

407,544

Koninklijke

Ahold

Delhaize

NV

12,194,488

37,657

Koninklijke

Vopak

NV

1,452,311

436,649

MFE-MediaForEurope

NV

1,133,630

6,792

NEPI

Rockcastle

NV

46,906

65,226

QIAGEN

NV

2,787,610

491,335

Stellantis

NV

13,958,402

36,918

Wolters

Kluwer

NV

5,781,003

Total

75,055,449

New

Zealand

(<0.1%)

109,581

Contact

Energy,

Ltd.

566,697

International

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

142

Shares

Common

Stock

(94.1%)

Value

New

Zealand

(<0.1%)

-

continued

1,078

Xero,

Ltd.

a

$

93,602

Total

660,299

Norway

(0.9%)

94,870

Aker

Solutions

ASA

340,278

280,775

DNB

Bank

ASA

5,581,120

10,858

DOF

Group

ASA

a

73,503

59,058

Elkem

ASA

b

116,380

104,710

Equinor

ASA

2,807,736

53,395

Europris

ASA

b

384,545

7,380

Hoegh

Autoliners

ASA

62,675

5,318

Norsk

Hydro

ASA

29,225

4,388

Veidekke

ASA

47,694

1,689

Wallenius

Wilhelmsen

ASA

13,816

126,957

Yara

International

ASA

4,025,693

Total

13,482,665

Philippines

(<0.1%)

5,160

SM

Investments

Corporation

89,279

Total

89,279

Poland

(0.2%)

13,151

Asseco

Poland

SA

255,114

8,904

Bank

Polska

Kasa

Opieki

SA

404,631

544

Budimex

SA

95,336

4,667

KGHM

Polska

Miedz

SA

133,286

1,053

Orlen

SA

17,151

38,651

Powszechna

Kasa

Oszczednosci

Bank

Polski

SA

573,492

55,366

Powszechny

Zaklad

Ubezpieczen

SA

676,226

Total

2,155,236

Portugal

(0.3%)

95,523

CTT-Correios

de

Portugal

SA

425,618

195,150

Galp

Energia

SGPS

SA

3,226,303

109,736

REN

-

Redes

Energeticas

Nacionais

SGPS

SA

260,642

2,138

Semapa-Sociedade

de

Investimento

e

Gestao,

SGPS

SA

34,388

Total

3,946,951

Qatar

(<0.1%)

244,625

Commercial

Bank

PSQC

a

331,564

39,322

Doha

Bank

QPSC

16,102

16,866

Gulf

Warehousing

Company

15,078

57,454

Masraf

Al

Rayan

QSC

37,461

6,900

Qatar

International

Islamic

Bank

QSC

a

20,713

19,708

Qatar

National

Bank

QPSC

76,862

Total

497,780

Russian

Federation

(<0.1%)

169,404

Gazprom

PJSC

ADR

a,c

17

6,112

LUKOIL

PJSC

a,c,f

0

6,042

Mechel

PAO

ADR

a,c

1

14,886

MMC

Norilsk

Nickel

PJSC

ADR

a,c

1

444

Novatek

PJSC

GDR

a,c

0

684

Polyus

PJSC

a,c

0

1

Polyus

PJSC

GDR

a,c

0

329,720

Sberbank

of

Russia

PJSC

a,c,f

0

17,590

Sovcomflot

OAO

c,f

0

765,300

Surgutneftegas

PJSC

c,f

1

Shares

Common

Stock

(94.1%)

Value

Russian

Federation

(<0.1%)

-

continued

67,366

Surgutneftegas

PJSC

ADR

a,c

$

7

Total

27

Saudi

Arabia

(0.3%)

64,981

Al

Rajhi

Bank

1,440,539

26,360

Arab

National

Bank

207,772

4,788

Dr.

Sulaiman

Al

Habib

Medical

Services

Group

Company

400,160

3,451

Eastern

Province

Cement

Company

32,527

68,301

Jarir

Marketing

Company

267,715

2,431

SABIC

Agri-Nutrients

Company

79,486

46,224

Saudi

Arabian

Oil

Company

b

379,155

1,959

Saudi

Aramco

Base

Oil

Company

87,479

889

Saudi

Basic

Industries

Corporation

18,515

63,146

Saudi

National

Bank

687,282

35,588

Saudi

Telecom

Company

375,692

Total

3,976,322

Singapore

(1.1%)

1,357,200

ComfortDelGro

Corporation,

Ltd.

1,406,907

376,500

DBS

Group

Holdings,

Ltd.

10,047,964

9,741

Kenon

Holdings,

Ltd.

255,092

182,700

Singapore

Exchange,

Ltd.

1,246,805

60,600

United

Overseas

Bank,

Ltd.

1,317,446

525,100

Yangzijiang

Shipbuilding

Holdings,

Ltd.

742,729

272,500

Yanlord

Land

Group,

Ltd.

a

97,895

Total

15,114,838

South

Africa

(0.2%)

33,192

Absa

Group,

Ltd.

259,140

56,166

AECI,

Ltd.

275,857

26,644

Aspen

Pharmacare

Holdings,

Ltd.

308,615

5,162

Barloworld,

Ltd.

16,631

7,314

Coronation

Fund

Managers,

Ltd.

11,674

57,547

DataTec,

Ltd.

115,108

6,157

Exxaro

Resources,

Ltd.

54,932

40,588

FirstRand,

Ltd.

132,248

4,994

Gold

Fields,

Ltd.

ADR

79,355

12,702

Kumba

Iron

Ore,

Ltd.

310,019

17,194

Momentum

Metropolitan

Holdings

18,447

2,252

Naspers,

Ltd.

399,218

21,036

Sasol,

Ltd.

162,564

42,670

Standard

Bank

Group

417,328

9,021

Super

Group,

Ltd.

12,241

Total

2,573,377

South

Korea

(0.9%)

1,948

Caregen

Company,

Ltd.

33,002

403

Celltrion,

Inc.

55,032

1,542

CJ

Corporation

a

139,884

5,798

Green

Cross

Holdings

Corporation

74,736

18,620

GS

Holdings

Corporation

670,078

1,251

Hanmi

Pharm

Company,

Ltd.

317,890

14,876

Hanon

Systems

66,113

4,412

HD

Hyundai

Company,

Ltd.

225,783

2,203

Hyundai

Motor

Company

387,659

310

Korea

Zinc

Company,

Ltd.

104,619

12,027

KT

Corporation

339,223

4,044

KT&G

Corporation

281,466

282

LG

Chem,

Ltd.

92,300

9,754

LG

Uplus

Corporation

72,798

5,373

Lotte

Shopping

Company,

Ltd.

293,560

3,225

NAVER

Corporation

448,042

457

NCSoft

Corporation

69,911

International

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

143

Shares

Common

Stock

(94.1%)

Value

South

Korea

(0.9%)

-

continued

36,542

NH

Investment

&

Securities

Company,

Ltd.

a

$

320,268

3,578

PharmaResearch

Company,

Ltd.

263,831

1,901

POSCO

Holdings,

Inc.

595,447

620

Samsung

Biologics

Company,

Ltd.

a,b

383,734

5,612

Samsung

C&T

Corporation

667,375

76,032

Samsung

Electronics

Company,

Ltd.

4,569,334

7

Samsung

SDI

Company,

Ltd.

2,483

3,825

Samsung

Securities

Corporation,

Ltd.

115,664

9,714

SD

Biosensor,

Inc.

85,402

1,127

SK

Biopharmaceuticals

Company,

Ltd.

a

77,442

6,669

SK

Hynix,

Inc.

883,478

1,622

SK,

Inc.

220,028

9,353

Yuhan

Corporation

537,731

Total

12,394,313

Spain

(3.2%)

215,160

Acerinox

SA

2,362,823

3,162

Aena

SME

SA

b

622,769

72,736

Amadeus

IT

Holding

SA

4,669,427

1,190,995

Banco

Bilbao

Vizcaya

Argentaria

SA

d

14,183,008

2,222,498

Banco

Santander

SA

10,855,674

100,421

Compania

de

Distribucion

Integral

Logista

Holdings

SA

2,806,546

2,430

Global

Dominion

Access

SA

b

8,838

28,039

Industria

de

Diseno

Textil

SA

1,411,945

13,465

Laboratorios

Farmaceuticos

ROVI

SA

1,175,009

8,997

Let's

GOWEX

SA

a,c,g

1

18,890

Melia

Hotels

International

SA

a

152,671

53,940

Merlin

Properties

Socimi

SA

580,335

94,925

Redeia

Corporacion

SA

1,621,424

265,852

Repsol

SA

4,437,409

2,006

Vidrala

SA

208,261

Total

45,096,140

Sweden

(2.1%)

76,601

AB

Industrivarden,

Class

A

d

2,634,290

16,040

AB

Industrivarden,

Class

C

551,560

28,842

AcadeMedia

AB

b

130,791

17,691

AddLife

AB

185,020

20,046

Addtech

AB

456,050

16,938

Alfa

Laval

AB

665,568

71,526

Arjo

AB

341,583

271,877

Assa

Abloy

AB

7,802,409

3,140

Atrium

Ljungberg

AB

61,368

27,964

Attendo

AB

a,b

106,589

33,461

Betsson

AB

331,090

12,174

BioGaia

AB

142,007

18,540

Biotage

AB

314,913

2,040

Bufab

AB

80,017

1,596

Camurus

AB

a

75,649

3,702

Catena

AB

180,880

263,048

Corem

Property

Group

AB

267,941

8,663

Dios

Fastigheter

AB

69,696

238,353

Granges

AB

2,578,506

52,993

Hexatronic

Group

AB

162,843

119,566

Hexpol

AB

1,459,999

112,103

Investor

AB,

Class

B

2,813,149

27,480

Inwido

AB

374,391

Shares

Common

Stock

(94.1%)

Value

Sweden

(2.1%)

-

continued

10,315

Lifco

AB

$

269,369

18,846

Lindab

International

AB

405,190

11,053

Modern

Times

Group

MTG

AB

a

86,304

33,950

NCC

AB

467,238

31,386

Nyfosa

AB

309,557

13,459

Pandox

AB

225,865

7,957

Platzer

Fastigheter

Holding

AB

68,413

548

RVRC

Holding

AB

3,501

27,619

SKF

AB

d

563,837

388,963

SSAB

AB,

Class

A

2,874,132

15,380

Svolder

AB

92,796

77,717

Trelleborg

AB

2,779,003

796

Troax

Group

AB

18,309

6,412

Vitrolife

AB

120,362

6,479

Volvo

Car

AB

a

24,529

22,902

Wihlborgs

Fastigheter

AB

212,206

Total

30,306,920

Switzerland

(7.0%)

250,559

ABB,

Ltd.

11,623,508

835

Burckhardt

Compression

Holding

AG

523,555

3,590

Cembra

Money

Bank

AG

300,698

734

Comet

Holding

AG

255,348

924

DKSH

Holding

AG

62,857

7,873

Galenica

AG

b

656,971

405

Givaudan

SA

1,802,955

170,203

Holcim

AG

15,419,844

2

LEM

Holding

SA

3,783

189

Lindt

&

Spruengli

AG

2,262,108

2,688

Lonza

Group

AG

1,606,345

84,744

Nestle

SA

9,004,047

298,499

Novartis

AG

28,912,147

1,084

Partners

Group

Holding

AG

1,548,479

31,463

PSP

Swiss

Property

AG

4,124,440

11,787

Roche

Holding

AG,

Participation

Certificates

3,009,446

20,869

Sandoz

Group

AG

a

629,946

2,148

Siegfried

Holding

AG

2,193,317

22,209

Sonova

Holding

AG

6,431,572

10,331

Swiss

Prime

Site

AG

974,494

2,384

Tecan

Group

AG

987,762

10,199

Temenos

AG

729,538

394

Zehnder

Group

AG

a

26,108

13,301

Zurich

Insurance

Group

AG

7,185,392

Total

100,274,660

Taiwan

(1.7%)

21,801

ASE

Technology

Holding

Company,

Ltd.

ADR

239,593

113,000

Asia

Cement

Corporation

144,560

13,000

Asustek

Computer,

Inc.

172,100

310,000

Capital

Securities

Corporation

183,592

180,000

Cathay

Financial

Holding

Company,

Ltd.

271,256

110,000

Chang

Hwa

Commercial

Bank,

Ltd.

62,372

359,000

Cheng

Shin

Rubber

Industry

Company,

Ltd.

557,286

15,000

Chicony

Electronics

Company,

Ltd.

103,738

5,000

Chicony

Power

Technology

Company,

Ltd.

27,645

14,000

China

Steel

Chemical

Corporation

54,016

163,000

Chipbond

Technology

Corporation

396,829

1,510

Chunghwa

Telecom

Company,

Ltd.

ADR

59,101

International

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

144

Shares

Common

Stock

(94.1%)

Value

Taiwan

(1.7%)

-

continued

161,000

Compal

Electronics,

Inc.

$

192,827

42,000

Delta

Electronics,

Inc.

449,521

11,000

Elan

Microelectronics

Corporation

55,167

113,000

Feng

Hsin

Steel

Company,

Ltd.

250,338

24,000

Getac

Holdings

Corporation

99,745

190,000

Hon

Hai

Precision

Industry

Company,

Ltd.

922,840

478,000

Inventec

Corporation

874,793

124,000

Lite-On

Technology

Corporation

411,053

36,000

MediaTek,

Inc.

1,304,435

4,000

Micro-Star

International

Company,

Ltd.

20,873

315,000

Nan

Ya

Plastics

Corporation

541,914

8,000

Novatek

Microelectronics

Corporation

147,278

338,000

Pegatron

Corporation

1,052,284

130,000

Pou

Chen

Corporation

147,160

10,000

Powertech

Technology,

Inc.

62,767

11,000

President

Chain

Store

Corporation

91,215

87,000

Quanta

Computer,

Inc.

761,857

18,000

Radiant

Opto-Electronics

Corporation

96,964

27,000

Realtek

Semiconductor

Corporation

470,184

9,000

Sigurd

Microelectronics

Corporation

20,243

35,000

Sino-American

Silicon

Products,

Inc.

235,199

41,000

Supreme

Electronics

Company,

Ltd.

94,810

100,000

Synnex

Technology

International

Corporation

244,817

27,000

Systex

Corporation

100,004

331,485

Taichung

Commercial

Bank

Company,

Ltd.

176,592

428,800

Taiwan

Cooperative

Financial

Holding

Company,

Ltd.

348,058

10,000

Taiwan

Fertilizer

Company,

Ltd.

19,783

7,000

Taiwan

Secom

Company,

Ltd.

26,567

425,515

Taiwan

Semiconductor

Manufacturing

Company,

Ltd.

10,193,728

64,947

Topco

Scientific

Company,

Ltd.

443,468

6,000

TTY

Biopharm

Company,

Ltd.

14,680

367,000

Uni-President

Enterprises

Corporation

875,784

34,000

USI

Corporation

16,944

17,000

Wistron

Corporation

64,040

30,000

WPG

Holdings,

Ltd.

90,010

1,125,556

Yuanta

Financial

Holding

Company,

Ltd.

1,059,032

Total

24,249,062

Thailand

(<0.1%)

101,200

Central

Pattana

pcl

NVDR

174,308

Total

174,308

Turkey

(0.1%)

19,234

Eregli

Demir

ve

Celik

Fabrikalari

TAS

a

25,058

83,269

KOC

Holding

AS

a

523,868

45,097

Turk

Hava

Yollari

Anonim

Ortakligi

a

415,324

Total

964,250

United

Arab

Emirates

(0.2%)

62,675

Abu

Dhabi

Commercial

Bank

PJSC

143,364

11,581

Abu

Dhabi

Islamic

Bank

PJSC

34,438

Shares

Common

Stock

(94.1%)

Value

United

Arab

Emirates

(0.2%)

-

continued

311,867

Deyaar

Development

PJSC

a

$

68,705

478,629

Dubai

Islamic

Bank

PJSC

761,166

432,058

Emaar

Properties

PJSC

958,887

177,435

Emirates

NBD

Bank

PJSC

835,898

Total

2,802,458

United

Kingdom

(10.8%)

127,235

AstraZeneca

plc

17,093,212

1,160,290

Auto

Trader

Group

plc

b

10,246,406

95,829

Balfour

Beatty

plc

462,272

12,518

Bellway

plc

419,925

50,008

Berkeley

Group

Holdings

plc

3,004,499

22,980

Big

Yellow

Group

plc

308,319

1,416

Bodycote

plc

12,411

49,896

Breedon

Group

plc

241,617

26,247

Britvic

plc

271,842

29,158

Bunzl

plc

1,121,929

16,372

Burberry

Group

plc

250,432

6,609

Bytes

Technology

Group

plc

42,646

7,946

Central

Asia

Metals

plc

19,817

75,551

Coca-Cola

European

Partners

plc

5,284,792

516,896

Compass

Group

plc

15,161,909

6,914

Computacenter

plc

235,069

117,834

Domino's

Pizza

Group

plc

511,968

19,497

Dr.

Martens

plc

21,652

99,833

Evraz

plc

a,c

13

49,025

FirstGroup

plc

111,699

20,723

Future

plc

160,472

482

Games

Workshop

Group

plc

61,079

5,261

Genus

plc

117,023

61,602

Grainger

plc

200,442

6,998

Greggs

plc

253,840

181,670

Halma

plc

5,424,727

109,681

Harbour

Energy

plc

381,984

384

Hikma

Pharmaceuticals

plc

9,289

165,103

Howden

Joinery

Group

plc

1,889,962

1,809,062

HSBC

Holdings

plc

14,141,102

205,026

IG

Group

Holdings

plc

1,891,710

18,551

IMI

plc

424,980

171,640

Imperial

Brands

plc

3,836,940

26,086

Inchcape

plc

238,829

78,601

InterContinental

Hotels

Group

plc

8,167,567

13,580

J

D

Wetherspoon

plc

a

126,064

53,677

Jupiter

Fund

Management

plc

60,067

1,629

Liontrust

Asset

Management

plc

13,816

77,090

Marks

&

Spencer

Group

plc

258,164

20,765

ME

Group

International

plc

43,611

10,947

Mondi

plc

192,812

139,671

Moneysupermarket.com

Group

plc

387,377

4,364

Morgan

Sindall

Group

plc

127,786

68,816

Next

plc

8,021,489

40,463

PageGroup

plc

229,101

65,752

Paragon

Banking

Group

plc

573,259

92,637

Pearson

plc

1,219,794

93,855

Pets

at

Home

Group

plc

317,944

79,260

Redde

Northgate

plc

381,645

275,317

RELX

plc

11,873,151

5,081

Renew

Holdings

plc

59,290

337,712

Rightmove

plc

2,340,769

15,158

Rio

Tinto

plc

958,362

5,344

RS

Group

plc

49,000

761,789

Shell

plc

25,275,743

13,207

Spectris

plc

549,540

84,013

SSP

Group

plc

231,982

704,808

Tesco

plc

2,639,836

International

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

145

Shares

Common

Stock

(94.1%)

Value

United

Kingdom

(10.8%)

-

continued

3,743

Tritax

Big

Box

REIT

plc

$

7,442

71,583

Unilever

plc

3,593,593

5,139

Volution

Group

plc

28,119

19,666

Watches

of

Switzerland

Group

plc

a,b

88,952

58,179

Whitbread

plc

2,432,341

134,570

Wickes

Group

plc

263,433

16,171

YouGov

plc

204,102

Total

154,570,959

United

States

(<0.1%)

17,747

Yum

China

Holding,

Inc.

706,153

Total

706,153

Virgin

Islands,

British

(<0.1%)

4,449

VK

IPJSC

GDR

a,c

0

Total

0

Total

Common

Stock

(cost

$1,112,713,000)

1,341,546,778

Shares

Collateral

Held

for

Securities

Loaned

(

1.1%

)

16,172,600

Thrivent

Cash

Management

Trust

16,172,600

Total

Collateral

Held

for

Securities

Loaned

(cost

$16,172,600)

16,172,600

Shares

Preferred

Stock

(

0.2%

)

Brazil

(<0.1%)

143,100

Companhia

de

Sanena

Do

Parana

148,938

Total

148,938

Germany

(0.1%)

4,026

Bayerische

Motoren

Werke

AG

432,001

Total

432,001

Russian

Federation

(<0.1%)

17,100

Transneft

PJSC

c,f

0

Total

0

South

Korea

(0.1%)

2,354

Hyundai

Motor

Company,

2nd

Preferred

274,345

3,250

Hyundai

Motor

Company,

Preferred

381,852

16,838

Samsung

Electronics

Company,

Ltd.

840,422

Total

1,496,619

Total

Preferred

Stock

(cost

$2,108,856)

2,077,558

Shares

or

Principal

Amount

Short-Term

Investments

(

5.0%

)

Federal

Home

Loan

Bank

Discount

Notes

400,000

5.230%,

 4/3/2024

h,i

399,655

100,000

5.210%,

 4/10/2024

h,i

99,813

600,000

5.205%,

 4/12/2024

h,i

598,705

1,700,000

5.214%,

 4/17/2024

h,i

1,695,108

400,000

5.220%,

 5/1/2024

h,i

398,028

100,000

5.230%,

 5/8/2024

h,i

99,405

100,000

5.240%,

 5/31/2024

h,i

99,072

900,000

5.227%,

 6/7/2024

h,i

890,832

Shares

or

Principal

Amount

Short-Term

Investments

(5.0%)

Value

Thrivent

Core

Short-Term

Reserve

Fund

6,734,308

5.590%

$

67,343,076

Total

Short-Term

Investments

(cost

$71,624,160)

71,623,694

Total

Investments

(cost

$1,202,618,616)

100.4%

$1,431,420,630

Other

Assets

and

Liabilities,

Net

(0.4%)

(5,918,105)

Total

Net

Assets

100.0%

$1,425,502,525

a

Non-income

producing

security.

b

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

March

28,

2024,

the

value

of

these

investments

was

$23,355,531

or

1.6%

of

total

net

assets.

c

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

d

All

or

a

portion

of

the

security

is

on

loan.

e

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

f

Pursuant

to

sanctions

related

to

the

Russian

invasion

of

Ukraine

which

restricts

the

ability

of

Russia

and

its

allied

nations

to

make

payments

on

its

dollar-denominated

sovereign

debt

and

equity,

existing

accruals

on

these

securities

have

been

reserved

and

income

is

currently

not

being

accrued.

g

In

bankruptcy.  Income

is

not

being

accrued

per

the

bankruptcy

agreement

terms.

h

The

interest

rate

shown

reflects

the

yield.

i

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

International

Allocation

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Common

Stock

$

15,392,137

Total

lending

$15,392,137

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$16,172,600

Net

amounts

due

to

counterparty

$780,463

International

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

146

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

Bhd

-

Berhad

-

suffix

used

in

Malaysia

to

identify

a

Public

Limited

Company

GDR

-

Global

Depository

Receipts,

which

are

certificates

for

shares

of

an

underlying

foreign

security’s

shares

held

by

an

issuing

depository

bank

from

more

than

one

country.

NVDR

-

Non-Voting

Depository

Receipts

pcl

-

Public

Company

Limited

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

International

Allocation

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services^

58,758,941

964,515

57,794,425

1

Consumer

Discretionary

177,056,327

2,628,495

174,427,832

–

Consumer

Staples^

100,897,355

6,124,536

94,772,819

0

Energy^

63,979,955

604,254

63,375,676

25

Financials^

252,062,603

2,296,861

249,765,742

0

Health

Care

146,501,761

–

146,501,761

–

Industrials

214,135,459

–

214,135,459

–

Information

Technology

172,204,596

5,776,600

166,427,996

–

Materials^

99,497,073

3,019,453

96,477,605

15

Real

Estate

21,939,230

–

21,939,230

–

Utilities

34,513,478

381,989

34,131,489

–

Preferred

Stock

Consumer

Discretionary

1,088,198

–

1,088,198

–

Energy^

0

–

–

0

Information

Technology

840,422

–

840,422

–

Utilities

148,938

–

148,938

–

Short-Term

Investments

4,280,618

–

4,280,618

–

Subtotal

Investments

in

Securities

$1,347,904,954

$21,796,703

$1,326,108,210

$41

Other

Investments  *

Total

Affiliated

Short-Term

Investments

67,343,076

Collateral

Held

for

Securities

Loaned

16,172,600

Subtotal

Other

Investments

$83,515,676

Total

Investments

at

Value

$1,431,420,630

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.

^Level

3

security

in

this

section

is

fair

valued

at

<$1.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

International

Allocation

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

1,174,627

1,174,627

–

–

Total

Asset

Derivatives

$1,174,627

$1,174,627

$–

$–

International

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

147

Reference

Description:

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

The

following

table

presents

International

Allocation

Portfolio's

futures

contracts

held

as

of

March

28,

2024.

Investments

and/or

cash

totaling

$4,280,618

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Amount

Value

and

Unrealized

ICE

mini

MSCI

EAFE

Index

919

June

2024

$

107,134,707

$

1,174,038

ICE

US

mini

MSCI

Emerging

Markets

Index

114

June

2024

5,978,711

589

Total

Futures

Long

Contracts

$

113,113,418

$

1,174,627

Total

Futures

Contracts

$

113,113,418

$1,174,627

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

International

Allocation

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$53,314

$49,944

$35,915

$67,343

6,734

4.7%

Total

Affiliated

Short-Term

Investments

53,314

67,343

4.7

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

9,592

36,054

29,473

16,173

16,173

1.1

Total

Collateral

Held

for

Securities

Loaned

9,592

16,173

1.1

Total

Value

$62,906

$83,516

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$–

$–

$

–

$715

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$715

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

13

Total

Affiliated

Income

from

Securities

Loaned,

Net

$13

Total

Value

$–

$–

$

–

International

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

148

Shares

Common

Stock

(

97.8%

)

Value

Australia

(6.9%)

2,807

Ampol,

Ltd.

$

72,814

15,112

APA

Group

82,828

6,823

Aristocrat

Leisure,

Ltd.

191,050

2,280

ASX,

Ltd.

98,639

21,380

Aurizon

Holdings,

Ltd.

55,747

35,425

Australia

and

New

Zealand

Banking

Group,

Ltd.

678,958

59,704

BHP

Group,

Ltd.

1,726,274

5,247

BlueScope

Steel,

Ltd.

81,607

16,391

Brambles,

Ltd.

172,500

4,219

CAR

Group,

Ltd.

99,171

771

Cochlear,

Ltd.

169,567

15,765

Coles

Group,

Ltd.

174,033

19,725

Commonwealth

Bank

of

Australia

1,547,214

6,311

Computershare,

Ltd.

107,494

5,690

CSL,

Ltd.

1,067,598

12,493

DEXUS

Property

Group

64,371

16,642

Endeavour

Group,

Ltd.

59,752

19,947

Fortescue,

Ltd.

333,813

20,133

Goodman

Group

443,475

22,250

GPT

Group

66,216

3,071

IDP

Education,

Ltd.

35,848

28,301

Insurance

Australia

Group,

Ltd.

118,053

26,217

Lottery

Corporation,

Ltd.

87,921

4,309

Macquarie

Group,

Ltd.

560,503

32,439

Medibank,

Private

Ltd.

79,479

2,069

Mineral

Resources,

Ltd.

95,460

45,831

Mirvac

Group

70,443

36,744

National

Australia

Bank,

Ltd.

831,959

13,536

Northern

Star

Resources,

Ltd.

127,720

5,677

Orica,

Ltd.

67,524

20,292

Origin

Energy,

Ltd.

121,726

33,676

Pilbara

Minerals,

Ltd.

84,037

9,778

Qantas

Airways,

Ltd.

a

34,713

17,597

QBE

Insurance

Group,

Ltd.

208,008

2,162

Ramsay

Health

Care,

Ltd.

79,592

622

REA

Group,

Ltd.

75,155

2,663

Reece,

Ltd.

48,759

4,372

Rio

Tinto,

Ltd.

346,984

38,255

Santos,

Ltd.

193,681

61,137

Scentre

Group

135,022

4,138

SEEK,

Ltd.

67,477

1,927

Seven

Group

Holdings,

Ltd.

51,208

5,336

Sonic

Healthcare,

Ltd.

102,252

53,349

South32,

Ltd.

104,101

28,118

Stockland

88,849

14,962

Suncorp

Group,

Ltd.

159,703

47,634

Telstra

Corporation,

Ltd.

119,819

36,377

Transurban

Group

315,574

9,558

Treasury

Wine

Estates,

Ltd.

77,531

44,944

Vicinity

Centres

62,384

2,725

Washington

H.

Soul

Pattinson

and

Company,

Ltd.

59,657

13,366

Wesfarmers,

Ltd.

595,786

41,244

Westpac

Banking

Corporation

701,483

1,963

Wisetech

Global,

Ltd.

120,062

22,365

Woodside

Energy

Group,

Ltd.

445,787

14,389

Woolworths,

Ltd.

311,032

Total

14,078,413

Austria

(0.2%)

4,050

Erste

Group

Bank

AG

180,500

1,735

OMV

AG

82,174

791

Verbund

AG

57,790

Shares

Common

Stock

(97.8%)

Value

Austria

(0.2%)

-

continued

1,367

Voestalpine

AG

$

38,349

Total

358,813

Belgium

(0.8%)

1,882

Ageas

SA

NV

87,185

10,231

Anheuser-Busch

InBev

NV

622,804

250

D'ieteren

Group

55,426

346

Elia

System

Operator

SA

37,349

1,037

Groupe

Bruxelles

Lambert

SA

78,396

2,949

KBC

Groep

NV

221,093

5

Lotus

Bakeries

NV

48,278

182

Sofina

SA

40,814

873

Syensqo

SA

82,722

1,489

UCB

SA

183,813

2,433

Umicore

SA

52,454

2,039

Warehouses

De

Pauw

CVA

58,142

Total

1,568,476

Bermuda

(0.1%)

17,100

Aegon,

Ltd.

104,324

7,500

CK

Infrastructure

Holdings,

Ltd.

43,927

13,000

Hongkong

Land

Holdings,

Ltd.

39,916

1,900

Jardine

Matheson

Holdings,

Ltd.

70,873

Total

259,040

Cayman

Islands

(0.3%)

20,200

ESR

Cayman,

Ltd.

b

21,642

651

Futu

Holdings,

Ltd.

ADR

a

35,252

22,380

Grab

Holdings,

Ltd.

a

70,273

28,400

Sands

China,

Ltd.

a

80,123

4,344

Sea,

Ltd.

ADR

a

233,316

16,000

SITC

International

Holdings

Company,

Ltd.

29,252

97,033

WH

Group,

Ltd.

b

64,050

20,000

Wharf

Real

Estate

Investment

Company,

Ltd.

65,118

Total

599,026

Denmark

(3.6%)

36

A.P.

Moller

-

Maersk

AS,

Class

A

46,127

48

A.P.

Moller

-

Maersk

AS,

Class

B

62,585

1,160

Carlsberg

AS

158,856

1,486

Coloplast

AS

200,635

8,124

Danske

Bank

AS

243,853

1,170

Demant

AS

a

58,153

2,064

DSV

AS

335,513

778

Genmab

AS

a

233,267

38,439

Novo

Nordisk

AS

4,930,702

4,395

Novonesis

(Novozymes)

B

258,521

2,228

Orsted

AS

a,b

124,498

996

Pandora

AS

160,760

109

Rockwool

International

AS

35,864

4,113

Tryg

AS

84,787

11,895

Vestas

Wind

Systems

AS

a

331,794

Total

7,265,915

Finland

(1.0%)

1,675

Elisa

Oyj

74,677

5,211

Fortum

Oyj

64,336

3,172

Kesko

Oyj

59,298

4,004

KONE

Oyj

186,535

7,811

Metso

Oyj

92,786

4,983

Neste

Oil

Oyj

135,116

62,805

Nokia

Oyj

222,839

International

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

149

Shares

Common

Stock

(97.8%)

Value

Finland

(1.0%)

-

continued

37,403

Nordea

Bank

Abp

$

422,830

1,251

Orion

Oyj

46,634

5,317

Sampo

Oyj

226,804

6,853

Stora

Enso

Oyj

95,298

6,287

UPM-Kymmene

Oyj

209,463

5,576

Wartsila

Corporation

84,742

Total

1,921,358

France

(10.9%)

2,229

Accor

SA

104,065

402

Aeroports

de

Paris

SA

55,120

6,178

Air

Liquide

SA

1,285,329

3,348

Alstom

SA

50,985

713

Amundi

SA

b

48,974

707

Arkema

SA

74,433

21,392

AXA

SA

803,396

481

BioMerieux

53,051

12,164

BNP

Paribas

SA

866,017

8,391

Bollore

SA

56,062

2,251

Bouygues

SA

91,897

3,474

Bureau

Veritas

SA

106,074

1,830

Capgemini

SE

421,104

6,690

Carrefour

SA

114,763

5,369

Compagnie

de

Saint-Gobain

SA

416,710

8,000

Compagnie

Generale

des

Etablissements

Michelin

SCA

306,588

574

Covivio

29,587

12,585

Credit

Agricole

SA

187,743

7,584

Danone

SA

490,268

235

Dassault

Aviation

SA

51,740

7,871

Dassault

Systemes

SE

348,428

2,940

Edenred

SE

156,981

866

Eiffage

SA

98,285

21,514

Engie

SA

360,519

3,475

EssilorLuxottica

SA

786,088

495

Eurazeo

SE

43,374

534

Gecina

SA

54,545

4,211

Groupe

Eurotunnel

SA

71,698

373

Hermes

International

SCA

953,309

438

Ipsen

SA

52,121

877

Kering

SA

347,366

2,499

Klepierre

SA

64,688

1,220

La

Francaise

des

Jeux

SAEM

b

49,725

3,110

Legrand

SA

329,551

2,834

L'Oreal

SA

1,342,107

3,252

LVMH

Moet

Hennessy

Louis

Vuitton

SE

2,926,148

21,933

Orange

SA

257,933

2,409

Pernod-Ricard

SA

389,980

2,696

Publicis

Groupe

SA

293,920

268

Remy

Cointreau

SA

27,061

2,264

Renault

SA

114,242

2,657

Rexel

SA

71,773

4,026

Safran

SA

911,778

13,408

Sanofi

SA

1,304,395

344

Sartorius

Stedim

Biotech

98,118

6,410

Schneider

Electric

SE

1,449,154

293

SEB

SA

37,487

8,512

Societe

Generale

SA

228,063

1,042

Sodexo

SA

89,324

673

Teleperformance

SE

65,372

1,114

Thales

SA

189,916

25,572

TotalEnergies

SE

1,759,088

8,117

Veolia

Environnement

SA

264,062

5,897

Vinci

SA

756,756

Shares

Common

Stock

(97.8%)

Value

France

(10.9%)

-

continued

7,885

Vivendi

SE

$

85,930

2,793

Worldline

SA

a,b

34,554

Total

22,027,745

Germany

(8.2%)

1,908

Adidas

AG

426,304

4,614

Allianz

SE

1,382,900

10,513

BASF

SE

600,756

11,572

Bayer

AG

354,389

3,756

Bayerische

Motoren

Werke

AG

433,364

951

Bechtle

AG

50,265

1,187

Beiersdorf

AG

172,824

1,563

Brenntag

AG

131,732

474

Carl

Zeiss

Meditec

AG

59,168

12,417

Commerzbank

AG

170,662

1,296

Continental

AG

93,552

2,226

Covestro

AG

a,b

121,763

6,301

Daimler

Truck

Holding

AG

319,303

2,043

Delivery

Hero

AG

a,b

58,419

22,830

Deutsche

Bank

AG

359,580

2,238

Deutsche

Boerse

AG

458,321

6,949

Deutsche

Lufthansa

AG

a

54,615

11,676

Deutsche

Post

AG

503,207

38,178

Deutsche

Telekom

AG

926,755

1,341

Dr.

Ing.

h.c.

F.

Porsche

AG

b

133,374

26,445

E.ON

SE

368,166

2,706

Evonik

Industries

AG

53,525

2,419

Fresenius

Medical

Care

AG

92,950

4,976

Fresenius

SE

&

Company

KGaA

134,187

1,928

GEA

Group

AG

81,516

710

Hannover

Rueckversicherung

SE

194,417

1,535

Heidelberg

Materials

AG

168,975

1,224

Henkel

AG

&

Company

KGaA

88,194

15,382

Infineon

Technologies

AG

523,075

843

Knorr-Bremse

AG

63,760

861

LEG

Immobilien

AG

a

73,952

9,451

Mercedes-Benz

Group

AG

752,651

1,522

Merck

KGaA

268,383

634

MTU

Aero

Engines

AG

160,800

1,607

Muenchener

Rueckversicherungs-

Gesellschaft

AG

784,445

671

Nemetschek

SE

66,418

1,804

Porsche

Automobil

Holding

SE

95,565

1,226

PUMA

SE

55,484

60

Rational

AG

51,696

513

Rheinmetall

AG

288,523

7,447

RWE

AG

253,104

12,300

SAP

SE

2,395,051

309

Sartorius

AG

122,707

871

Scout24

SE

b

65,620

8,952

Siemens

AG

1,709,290

6,120

Siemens

Energy

AG

a

112,325

3,322

Siemens

Healthineers

AG

a,b

203,166

1,564

Symrise

AG

187,229

750

Talanx

AG

59,413

343

Volkswagen

AG

52,396

8,636

Vonovia

SE

255,210

2,604

Zalando

SE

a,b

74,462

Total

16,667,908

Hong

Kong

(1.5%)

133,800

AIA

Group,

Ltd.

900,016

43,500

BOC

Hong

Kong

(Holdings),

Ltd.

116,636

23,000

CK

Asset

Holdings,

Ltd.

94,776

31,500

CK

Hutchison

Holdings,

Ltd.

151,598

International

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

150

Shares

Common

Stock

(97.8%)

Value

Hong

Kong

(1.5%)

-

continued

19,500

CLP

Holdings,

Ltd.

$

155,537

26,000

Galaxy

Entertainment

Group,

Ltd.

130,704

21,000

Hang

Lung

Properties,

Ltd.

21,595

9,000

Hang

Seng

Bank,

Ltd.

98,655

17,000

Henderson

Land

Development

Company,

Ltd.

48,546

45,000

HKT

Trust

and

HKT,

Ltd.

52,506

132,162

Hong

Kong

and

China

Gas

Company,

Ltd.

100,174

14,200

Hong

Kong

Exchanges

&

Clearing,

Ltd.

413,763

30,360

Link

REIT

130,743

18,500

MTR

Corporation,

Ltd.

61,123

16,500

Power

Assets

Holdings,

Ltd.

96,667

44,571

Sino

Land

Company,

Ltd.

46,337

17,000

Sun

Hung

Kai

Properties,

Ltd.

164,215

5,000

Swire

Pacific,

Ltd.

41,162

13,800

Swire

Properties,

Ltd.

29,027

16,000

Techtronic

Industries

Company,

Ltd.

217,406

13,000

Wharf

Holdings,

Ltd.

42,736

Total

3,113,922

Ireland

(1.0%)

18,508

AIB

Group

plc

93,955

12,446

Bank

of

Ireland

Group

plc

127,013

8,172

CRH

plc

705,324

1,164

DCC

plc

84,688

2,085

Flutter

Entertainment

plc

a

415,610

5,184

James

Hardie

Industries

plc

a

208,362

1,852

Kerry

Group

plc

158,691

1,833

Kingspan

Group

plc

166,944

3,067

Smurfit

Kappa

Group

plc

139,843

Total

2,100,430

Isle

of

Man

(<0.1%)

7,524

Entain

plc

75,503

Total

75,503

Israel

(0.7%)

500

Azrieli

Group,

Ltd.

36,078

14,964

Bank

Hapoalim

BM

140,234

17,937

Bank

Leumi

Le-Israel

BM

149,101

1,102

Check

Point

Software

Technologies,

Ltd.

a

180,739

492

CyberArk

Software,

Ltd.

a

130,690

310

Elbit

Systems,

Ltd.

64,744

1,161

Global-e

Online,

Ltd.

a

42,203

8,986

ICL

Group,

Ltd.

47,624

14,571

Israel

Discount

Bank,

Ltd.

75,356

1,824

Mizrahi

Tefahot

Bank,

Ltd.

68,381

341

Monday.com,

Ltd.

a

77,022

746

NICE,

Ltd.

a

194,140

13,203

Teva

Pharmaceutical

Industries,

Ltd.

ADR

a

186,294

640

Wix.com,

Ltd.

a

87,987

Total

1,480,593

Italy

(2.0%)

1,446

Amplifon

SPA

52,711

11,938

Assicurazioni

Generali

SPA

302,193

14,278

Banco

BPM

SPA

94,996

7,251

Davide

Campari-Milano

NV

72,873

264

DiaSorin

SPA

25,477

95,801

Enel

SPA

632,432

Shares

Common

Stock

(97.8%)

Value

Italy

(2.0%)

-

continued

25,847

Eni

SPA

$

409,264

7,193

Finecobank

Banca

Fineco

SPA

107,728

3,903

Infrastrutture

Wireless

Italiane

SPA

b

44,291

172,280

Intesa

Sanpaolo

SPA

625,471

4,767

Leonardo

SPA

119,765

6,007

Mediobanca

SPA

89,513

2,426

Moncler

SPA

181,030

6,859

Nexi

SPA

a,b

43,458

5,385

Poste

Italiane

SPA

b

67,443

3,094

Prysmian

SPA

161,365

1,215

Recordati

SPA

67,090

23,752

Snam

SPA

112,150

117,366

Telecom

Italia

SPA

a

28,503

16,573

Terna

Rete

Elettrica

Nazionale

SPA

136,988

18,153

UniCredit

SPA

689,440

Total

4,064,181

Japan

(23.1%)

9,000

Advantest

Corporation

399,806

7,700

Aeon

Company,

Ltd.

182,659

2,300

AGC,

Inc.

83,449

1,700

Aisin

Corporation

69,467

5,500

Ajinomoto

Company,

Inc.

205,390

1,900

All

Nippon

Airways

Company,

Ltd.

39,709

5,707

Asahi

Group

Holdings,

Ltd.

209,560

2,600

Asahi

Intecc

Company,

Ltd.

45,551

14,800

Asahi

Kasei

Corporation

108,533

21,300

Astellas

Pharma,

Inc.

228,821

1,400

Azbil

Corporation

38,732

7,100

Bandai

Namco

Holdings,

Inc.

131,742

6,700

Bridgestone

Corporation

296,942

2,700

Brother

Industries,

Ltd.

50,075

11,800

Canon,

Inc.

351,582

4,000

Capcom

Company,

Ltd.

74,937

9,100

Central

Japan

Railway

Company

226,002

6,200

Chiba

Bank,

Ltd.

51,591

7,600

Chubu

Electric

Power

Company,

Inc.

99,379

7,900

Chugai

Pharmaceutical

Company,

Ltd.

301,902

12,500

Concordia

Financial

Group,

Ltd.

62,828

2,400

Dai

Nippon

Printing

Company,

Ltd.

73,502

3,600

Daifuku

Company,

Ltd.

86,290

11,100

Dai-Ichi

Mutual

Life

Insurance

Company,

Ltd.

283,100

21,800

Daiichi

Sankyo

Company,

Ltd.

693,652

3,100

Daikin

Industries,

Ltd.

423,276

700

Daito

Trust

Construction

Company,

Ltd.

79,858

7,000

Daiwa

House

Industry

Company,

Ltd.

208,358

15,700

Daiwa

Securities

Group,

Inc.

119,451

22,300

Denso

Corporation

427,082

2,400

Dentsu

Group,

Inc.

66,640

1,100

DISCO

Corporation

402,087

10,800

East

Japan

Railway

Company

207,200

3,000

Eisai

Company,

Ltd.

123,566

33,900

Eneos

Holdings,

Inc.

163,325

11,200

FANUC

Corporation

312,441

2,100

Fast

Retailing

Company,

Ltd.

650,635

1,500

Fuji

Electric

Company,

Ltd.

100,657

13,200

FUJIFILM

Holdings

NPV

296,401

21,000

Fujitsu,

Ltd.

336,084

54

GLP

J-REIT

45,252

1,700

Hamamatsu

Photonics

KK

59,936

International

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

151

Shares

Common

Stock

(97.8%)

Value

Japan

(23.1%)

-

continued

2,700

Hankyu

Hanshin

Holdings,

Inc.

$

77,466

200

Hikari

Tsushin,

Inc.

37,614

300

Hirose

Electric

Company,

Ltd.

30,828

1,300

Hitachi

Construction

Machinery

Company,

Ltd.

39,223

10,900

Hitachi,

Ltd.

996,047

54,400

Honda

Motor

Company,

Ltd.

673,129

1,300

Hoshizaki

Corporation

47,433

4,100

Hoya

Corporation

512,791

4,500

Hulic

Company,

Ltd.

46,217

1,300

IBIDEN

Company,

Ltd.

58,223

11,400

Idemitsu

Kosan

Company,

Ltd.

78,160

1,800

Iida

Group

Holdings

Company,

Ltd.

23,295

11,400

Inpex

Corporation

173,294

6,900

Isuzu

Motors,

Ltd.

93,270

14,000

ITOCHU

Corporation

601,434

1,700

Japan

Airlines

Company,

Ltd.

32,279

5,900

Japan

Exchange

Group,

Inc.

159,804

81

Japan

Metropolitan

Fund

Investment

Corporation

50,470

17,000

Japan

Post

Bank

Company,

Ltd.

182,670

24,500

Japan

Post

Holdings

Company,

Ltd.

246,841

2,300

Japan

Post

Insurance

Company,

Ltd.

43,965

15

Japan

Real

Estate

Investment

Corporation

53,473

14,100

Japan

Tobacco,

Inc.

375,933

6,800

JFE

Holdings,

Inc.

112,701

2,100

JSR

Corporation

60,108

5,000

Kajima

Corporation

102,623

8,300

Kansai

Electric

Power

Company,

Inc.

118,431

5,500

Kao

Corporation

205,525

4,500

Kawasaki

Kisen

Kaisha,

Ltd.

60,512

17,600

KDDI

Corporation

520,374

49

KDX

Realty

Investment

Corporation

52,082

1,600

Keisei

Electric

Railway

Company,

Ltd.

65,064

2,300

Keyence

Corporation

1,067,800

8,000

Kikkoman

Corporation

102,676

2,100

Kintetsu

Group

Holdings

Company,

Ltd.

61,166

9,200

Kirin

Holdings

Company,

Ltd.

127,938

1,800

Kobe

Bussan

Company,

Ltd.

44,106

2,400

Koito

Manufacturing

Company,

Ltd.

32,351

10,900

Komatsu,

Ltd.

322,540

1,200

Konami

Group

Corporation

81,743

11,800

Kubota

Corporation

185,139

15,100

Kyocera

Corporation

202,508

3,200

Kyowa

Hakko

Kirin

Company,

Ltd.

57,572

900

Lasertec

Corporation

256,527

31,500

LY

Corporation

79,788

5,200

M3,

Inc.

74,835

2,600

Makita

Corporation

73,893

16,900

Marubeni

Corporation

292,702

4,000

MatsukiyoCocokara

&

Company

64,228

6,700

Mazda

Motor

Corporation

77,650

1,000

McDonald's

Holdings

Company

(Japan),

Ltd.

44,967

2,800

MEIJI

Holdings

Company,

Ltd.

61,131

4,300

Minebea

Mitsumu,

Inc.

84,345

3,400

MISUMI

Group,

Inc.

47,365

15,100

Mitsubishi

Chemical

Group

Corporation

92,024

40,600

Mitsubishi

Corporation

938,316

Shares

Common

Stock

(97.8%)

Value

Japan

(23.1%)

-

continued

22,800

Mitsubishi

Electric

Corporation

$

381,648

13,300

Mitsubishi

Estate

Company,

Ltd.

242,671

9,400

Mitsubishi

HC

Capital,

Inc.

65,562

38,000

Mitsubishi

Heavy

Industries,

Ltd.

344,407

130,800

Mitsubishi

UFJ

Financial

Group,

Inc.

1,330,773

15,200

Mitsui

&

Company,

Ltd.

710,624

2,000

Mitsui

Chemicals,

Inc.

58,672

31,500

Mitsui

Fudosan

Company,

Ltd.

339,616

4,100

Mitsui

O.S.K.

Lines,

Ltd.

125,077

28,430

Mizuho

Financial

Group,

Inc.

562,212

2,900

MonotaRO

Company,

Ltd.

34,907

15,300

MS

and

AD

Insurance

Group

Holdings,

Inc.

270,160

20,300

Murata

Manufacturing

Company,

Ltd.

379,659

2,900

NEC

Corporation

211,715

4,000

NEXON

Company,

Ltd.

66,486

4,900

Nidec

Corporation

203,199

12,200

Nintendo

Company,

Ltd.

665,688

18

Nippon

Building

Fund,

Inc.

72,002

900

Nippon

Express

Holdings,

Inc.

45,941

11,200

Nippon

Paint

Holdings

Company,

Ltd.

80,608

27

Nippon

Prologis

REIT,

Inc.

48,098

2,000

Nippon

Sanso

Holdings

Corporation

62,751

10,100

Nippon

Steel

Corporation

c

243,051

352,000

Nippon

Telegraph

and

Telephone

Corporation

419,268

5,400

Nippon

Yusen

Kabushiki

Kaisha

148,252

1,500

Nissan

Chemical

Corporation

56,814

28,300

Nissan

Motor

Company,

Ltd.

112,138

2,400

Nissin

Foods

Holdings

Company,

Ltd.

66,164

900

Nitori

Holdings

Company,

Ltd.

136,397

1,700

Nitto

Denko

Corporation

155,451

35,400

Nomura

Holdings,

Inc.

226,578

1,300

Nomura

Real

Estate

Holdings,

Inc.

36,727

47

Nomura

Real

Estate

Master

Fund,

Inc.

46,475

4,500

Nomura

Research

Institute,

Ltd.

127,119

7,400

NTT

Data

Group

Corporation

117,645

7,600

Obayashi

Corporation

90,367

800

OBIC

Company,

Ltd.

120,841

3,700

Odakyu

Electric

Railway

Company,

Ltd.

51,004

14,200

Olympus

Corporation

204,456

2,100

OMRON

Corporation

75,195

4,300

Ono

Pharmaceutical

Company,

Ltd.

70,455

500

Oracle

Corporation

Japan

37,601

12,900

Oriental

Land

Company,

Ltd.

413,261

13,800

ORIX

Corporation

301,830

4,400

Osaka

Gas

Company,

Ltd.

98,982

2,600

Otsuka

Corporation

55,168

4,900

Otsuka

Holdings

Company,

Ltd.

203,538

4,500

Pan

Pacific

International

Holdings

Company

119,258

26,000

Panasonic

Holdings

Corporation

248,138

17,700

Rakuten

Group,

Inc.

a

100,467

17,000

Recruit

Holdings

Company,

Ltd.

746,416

17,300

Renesas

Electronics

Corporation

308,297

25,000

Resona

Holdings,

Inc.

154,112

6,400

Ricoh

Company,

Ltd.

56,863

3,900

Rohm

Company,

Ltd.

62,551

2,900

SBI

Holdings,

Inc.

76,067

International

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

152

Shares

Common

Stock

(97.8%)

Value

Japan

(23.1%)

-

continued

1,000

SCREEN

Holdings

Company,

Ltd.

$

129,655

1,800

SCSK

Corporation

33,458

2,500

Secom

Company,

Ltd.

181,383

3,400

Seiko

Epson

Corporation

59,475

4,500

Sekisui

Chemical

Company,

Ltd.

65,838

7,000

Sekisui

House,

Ltd.

159,444

26,600

Seven

&

I

Holdings

Company,

Ltd.

387,719

3,800

SG

Holdings

Company,

Ltd.

48,123

3,000

Sharp

Corporation

a

16,708

2,800

Shimadzu

Corporation

77,992

900

Shimano,

Inc.

133,887

6,000

Shimizu

Corporation

38,746

21,200

Shin-Etsu

Chemical

Company,

Ltd.

929,873

2,900

Shionogi

&

Company,

Ltd.

148,195

4,700

Shiseido

Company,

Ltd.

128,970

5,500

Shizuoka

Financial

Group,

Inc.

52,335

700

SMC

Corporation

394,912

33,900

SoftBank

Corporation

436,461

12,100

SoftBank

Group

Corporation

718,563

10,500

Sompo

Holdings,

Inc.

220,081

14,900

Sony

Group

Corporation

1,277,686

1,000

Square

Enix

Holdings

Company,

Ltd.

38,566

7,100

Subaru

Corporation

160,800

4,100

Sumco

Corporation

64,824

12,200

Sumitomo

Corporation

293,873

8,400

Sumitomo

Electric

Industries,

Ltd.

130,161

2,900

Sumitomo

Metal

Mining

Company,

Ltd.

86,595

15,000

Sumitomo

Mitsui

Financial

Group,

Inc.

877,091

7,700

Sumitomo

Mitsui

Trust

Holdings,

Inc.

165,909

3,400

Sumitomo

Realty

&

Development

Company,

Ltd.

126,682

1,600

Suntory

Beverage

and

Food,

Ltd.

54,120

18,400

Suzuki

Motor

Corporation

210,078

6,000

Sysmex

Corporation

107,069

5,800

T&D

Holdings,

Inc.

100,828

2,000

Taisei

Corporation

72,898

18,600

Takeda

Pharmaceutical

Company,

Ltd.

517,338

4,600

TDK

Corporation

225,897

15,800

Terumo

Corporation

289,119

2,600

TIS,

Inc.

55,785

2,200

Tobu

Railway

Company,

Ltd.

55,011

1,300

Toho

Company,

Ltd.

43,167

21,200

Tokio

Marine

Holdings,

Inc.

664,541

18,000

Tokyo

Electric

Power

Company

Holdings,

Inc.

a

109,406

5,600

Tokyo

Electron,

Ltd.

1,458,515

4,400

Tokyo

Gas

Company,

Ltd.

100,025

5,900

Tokyu

Corporation

71,843

2,700

TOPPAN

Holdings,

Inc.

67,681

16,100

Toray

Industries,

Inc.

77,310

1,700

TOTO,

Ltd.

47,660

1,700

Toyota

Industries

Corporation

177,873

124,900

Toyota

Motor

Corporation

3,156,844

2,500

Toyota

Tsusho

Corporation

171,677

1,600

Trend

Micro,

Inc.

81,259

4,800

Unicharm

Corporation

152,814

4,800

USS

Company,

Ltd.

39,682

5,200

West

Japan

Railway

Company

108,369

3,050

Yakult

Honsha

Company,

Ltd.

62,337

1,500

Yamaha

Corporation

32,377

10,500

Yamaha

Motor

Company,

Ltd.

96,722

Shares

Common

Stock

(97.8%)

Value

Japan

(23.1%)

-

continued

3,100

Yamato

Holdings

Company,

Ltd.

$

44,617

2,800

Yaskawa

Electric

Corporation

119,209

2,700

Yokogawa

Electric

Corporation

62,179

1,100

Zensho

Holdings

Company,

Ltd.

45,743

1,600

ZOZO,

Inc.

39,712

Total

46,915,171

Jersey

(0.6%)

10,823

Experian

plc

471,589

122,154

Glencore

plc

670,327

12,660

WPP

plc

119,980

Total

1,261,896

Luxembourg

(0.2%)

6,027

ArcelorMittal

SA

165,665

1,591

Eurofins

Scientific

SE

101,348

5,562

Tenaris

SA

109,968

Total

376,981

Netherlands

(6.6%)

5,608

ABN

AMRO

Bank

NV

b

95,966

256

Adyen

NV

a,b

432,420

2,358

AerCap

Holdings

NV

a

204,934

6,983

Airbus

SE

1,286,474

2,009

Akzo

Nobel

NV

150,108

697

Argenx

SE

a

274,809

553

ASM

International

NV

338,660

4,748

ASML

Holding

NV

4,603,019

1,867

ASR

Nederland

NV

91,501

908

BE

Semiconductor

Industries

NV

139,087

1,009

Euronext

NV

b

96,027

1,102

EXOR

NV

122,638

1,485

Ferrari

NV

647,515

6,107

Ferrovial

SE

241,788

1,527

Heineken

Holding

NV

123,235

3,392

Heineken

NV

327,016

671

IMCD

NV

118,103

39,144

ING

Groep

NV

644,441

1,132

JDE

Peet's

BV

23,766

39,522

Koninklijke

(Royal)

KPN

NV

147,829

11,218

Koninklijke

Ahold

Delhaize

NV

335,664

9,168

Koninklijke

Philips

NV

a

183,489

3,189

NN

Group

NV

147,221

1,243

OCI

NV

34,069

17,230

Prosus

NV

539,307

2,605

QIAGEN

NV

111,332

1,282

Randstad

Holding

NV

67,697

26,098

Stellantis

NV

741,422

8,050

STMicroelectronics

NV

346,459

9,656

Universal

Music

Group

NV

290,167

2,927

Wolters

Kluwer

NV

458,340

Total

13,364,503

New

Zealand

(0.3%)

15,643

Auckland

International

Airport,

Ltd.

78,038

1,808

EBOS

Group,

Ltd.

36,977

6,878

Fisher

&

Paykel

Healthcare

Corporation,

Ltd.

105,403

8,194

Mercury

NZ,

Ltd.

33,926

15,024

Meridian

Energy,

Ltd.

53,049

21,356

Spark

New

Zealand,

Ltd.

60,797

1,697

Xero,

Ltd.

a

147,349

Total

515,539

International

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

153

Shares

Common

Stock

(97.8%)

Value

Norway

(0.6%)

4,062

Adevinta

ASA

a,d

$

42,578

3,722

Aker

BP

ASA

93,353

10,902

DNB

Bank

ASA

216,705

10,612

Equinor

ASA

284,555

2,356

Gjensidige

Forsikring

ASA

34,196

1,022

Kongsberg

Gruppen

ASA

70,567

5,482

Mowi

ASA

100,697

15,628

Norsk

Hydro

ASA

85,882

8,142

Orkla

ASA

57,505

778

SalMar

ASA

51,347

7,418

Telenor

ASA

82,506

1,923

Yara

International

ASA

60,976

Total

1,180,867

Portugal

(0.2%)

36,962

EDP

-

Energias

de

Portugal

SA

144,213

5,474

Galp

Energia

SGPS

SA

90,499

3,336

Jeronimo

Martins

SGPS

SA

66,187

Total

300,899

Singapore

(1.1%)

62,729

CapitaLand

Integrated

Commercial

Trust

91,977

30,200

Capitaland

Investment,

Ltd.

59,928

43,954

Capland

Ascendas

REIT

90,162

5,700

City

Developments,

Ltd.

24,692

21,300

DBS

Group

Holdings,

Ltd.

568,451

70,200

Genting

Singapore,

Ltd.

46,040

1,200

Jardine

Cycle

&

Carriage,

Ltd.

21,485

17,200

Keppel,

Ltd.

93,466

40,323

Mapletree

Logistics

Trust

43,597

27,800

Mapletree

Pan

Asia

Commercial

Trust

26,349

39,863

Oversea-Chinese

Banking

Corporation,

Ltd.

398,306

522,409

Seatrium,

Ltd.

a

30,532

10,500

Sembcorp

Industries,

Ltd.

41,975

17,300

Singapore

Airlines,

Ltd.

81,993

10,000

Singapore

Exchange,

Ltd.

68,243

18,100

Singapore

Technologies

Engineering,

Ltd.

53,889

97,300

Singapore

Telecommunications,

Ltd.

182,858

14,900

United

Overseas

Bank,

Ltd.

323,926

22,300

Wilmar

International,

Ltd.

56,645

Total

2,304,514

Spain

(2.5%)

291

Acciona

SA

35,415

2,486

ACS

Actividades

de

Construccion

y

Servicios

SA

104,110

883

Aena

SME

SA

b

173,911

5,306

Amadeus

IT

Holding

SA

340,629

68,764

Banco

Bilbao

Vizcaya

Argentaria

SA

818,879

190,630

Banco

Santander

SA

931,122

44,183

CaixaBank

SA

214,402

5,409

Cellnex

Telecom

SA

b

191,342

3,568

EDP

Renovaveis

SA

48,319

2,891

Enagas

SA

42,948

3,689

Endesa

SA

68,399

3,465

Grifols

SA

a

31,168

72,284

Iberdrola

SA

897,796

12,849

Industria

de

Diseno

Textil

SA

647,030

4,780

Redeia

Corporacion

SA

81,648

Shares

Common

Stock

(97.8%)

Value

Spain

(2.5%)

-

continued

14,294

Repsol

SA

$

238,585

57,574

Telefonica

SA

254,262

Total

5,119,965

Supranational

(0.1%)

1,392

Unibail-Rodamco-Westfield

a

111,982

Total

111,982

Sweden

(3.0%)

1,510

AB

Industrivarden,

Class

A

51,929

1,772

AB

Industrivarden,

Class

C

60,933

3,408

Alfa

Laval

AB

133,915

11,806

Assa

Abloy

AB

338,812

31,639

Atlas

Copco

AB,

Class

A

534,337

18,385

Atlas

Copco

AB,

Class

B

271,546

4,471

Beijer

Ref

AB

66,385

3,222

Boliden

AB

89,467

7,762

Epiroc

AB,

Class

A

145,713

4,593

Epiroc

AB,

Class

B

77,782

4,398

EQT

AB

139,238

7,177

Essity

Aktiebolag

170,483

2,159

Evolution

Gaming

Group

AB

b

268,156

7,573

Fastighets

AB

Balder

a

55,627

2,657

Getinge

AB

53,440

7,608

Hennes

&

Mauritz

AB

124,057

24,455

Hexagon

AB

289,081

885

Holmen

AB

36,002

4,124

Husqvarna

AB

35,289

3,218

Indutrade

AB

87,648

1,744

Investment

AB

Latour

45,847

20,387

Investor

AB,

Class

B

511,598

883

L

E

Lundbergforetagen

AB

47,795

2,746

Lifco

AB

71,710

17,851

NIBE

Industrier

AB

87,781

943

Saab

AB

83,883

2,402

Sagax

AB

63,366

12,559

Sandvik

AB

278,820

5,712

Securitas

AB

58,885

18,692

Skandinaviska

Enskilda

Banken

AB

253,231

4,008

Skanska

AB

71,377

4,015

SKF

AB

81,965

7,138

Svenska

Cellulosa

AB

SCA

109,740

17,180

Svenska

Handelsbanken

AB

173,690

10,000

Swedbank

AB

198,477

2,296

Swedish

Orphan

Biovitrum

AB

a

57,314

6,317

Tele2

AB

51,872

34,492

Telefonaktiebolaget

LM

Ericsson

185,503

27,403

Telia

Company

AB

70,232

2,326

Volvo

AB,

Class

A

64,050

17,775

Volvo

AB,

Class

B

c

481,728

8,774

Volvo

Car

AB

a

33,218

Total

6,111,922

Switzerland

(9.3%)

18,843

ABB,

Ltd.

874,132

1,885

Adecco

SA

74,575

5,886

Alcon,

Inc.

486,840

1,168

Avolta

AG

a

48,632

398

Bachem

Holding

AG

38,114

539

Baloise

Holding

AG

84,518

350

Banque

Cantonale

Vaudoise

40,718

42

Barry

Callebaut

AG

61,009

249

BKW

FMB

Energie

38,263

1

Chocoladefabriken

Lindt

and

Spruengli

AG

120,639

International

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

154

Shares

Common

Stock

(97.8%)

Value

Switzerland

(9.3%)

-

continued

2,541

Clariant

AG

$

34,379

2,567

Coca-Cola

HBC

AG

81,118

6,332

Compagnie

Financiere

Richemont

SA

963,986

2,191

DSM-Firmenich

AG

249,188

83

EMS-CHEMIE

Holding

AG

63,613

394

Geberit

AG

232,847

109

Givaudan

SA

485,240

431

Helvetia

Holding

AG

59,422

6,139

Holcim

AG

556,174

2,426

Julius

Baer

Group,

Ltd.

140,704

640

Kuehne

&

Nagel

International

AG

178,060

11

Lindt

&

Spruengli

AG

131,657

1,937

Logitech

International

SA

173,573

877

Lonza

Group

AG

524,094

31,449

Nestle

SA

3,341,455

24,143

Novartis

AG

2,338,453

267

Partners

Group

Holding

AG

381,406

377

Roche

Holding

AG,

Bearer

Shares

101,663

8,275

Roche

Holding

AG,

Participation

Certificates

2,112,765

4,823

Sandoz

Group

AG

a

145,586

277

Schindler

Holding

AG

67,590

480

Schindler

Holding

AG,

Participation

Certificates

120,825

1,766

SGS

SA

171,448

3,602

SIG

Group

AG

79,872

1,796

Sika

AG

534,400

597

Sonova

Holding

AG

172,887

1,315

Straumann

Holding

AG

209,818

341

Swatch

Group

AG,

Bearer

Shares

79,177

620

Swatch

Group

AG,

Registered

Shares

28,113

348

Swiss

Life

Holding

AG

244,084

904

Swiss

Prime

Site

AG

85,272

3,553

Swiss

Re

AG

457,040

305

Swisscom

AG

186,677

742

Temenos

AG

53,076

38,740

UBS

Group

AG

1,192,841

318

VAT

Group

AG

b

164,277

1,724

Zurich

Insurance

Group

AG

931,330

Total

18,941,550

United

Kingdom

(13.0%)

11,465

3i

Group

plc

406,519

21,860

ABRDN

plc

38,941

3,067

Admiral

Group

plc

109,914

14,967

Anglo

American

plc

368,829

4,645

Antofagasta

plc

119,311

5,154

Ashtead

Group

plc

367,115

4,003

Associated

British

Foods

plc

126,298

18,259

AstraZeneca

plc

2,452,980

10,627

Auto

Trader

Group

plc

b

93,846

32,268

Aviva

PLC

202,472

35,721

BAE

Systems

plc

608,879

178,503

Barclays

plc

413,707

11,320

Barratt

Developments

plc

67,944

1,236

Berkeley

Group

Holdings

plc

74,259

201,620

BP

plc

1,264,847

23,708

British

American

Tobacco

plc

719,563

76,161

BT

Group

plc

105,404

3,981

Bunzl

plc

153,179

4,222

Burberry

Group

plc

64,581

63,253

Centrica

plc

101,968

2,432

Coca-Cola

European

Partners

plc

170,118

Shares

Common

Stock

(97.8%)

Value

United

Kingdom

(13.0%)

-

continued

20,130

Compass

Group

plc

$

590,465

1,563

Croda

International

plc

96,711

26,331

Diageo

plc

974,304

2,108

Endeavour

Mining

plc

42,776

48,471

GSK

plc

1,040,690

81,546

Haleon

plc

341,741

4,472

Halma

plc

133,536

4,190

Hargreaves

Lansdown

plc

38,888

1,926

Hikma

Pharmaceuticals

plc

46,592

225,653

HSBC

Holdings

plc

1,763,888

9,891

Imperial

Brands

plc

221,109

16,184

Informa

plc

169,802

1,946

InterContinental

Hotels

Group

plc

202,212

1,901

Intertek

Group

plc

119,664

19,253

J

Sainsbury

plc

65,738

30,101

JD

Sports

Fashion

plc

51,137

22,109

Kingfisher

plc

69,583

8,219

Land

Securities

Group

plc

68,266

70,432

Legal

&

General

Group

plc

226,275

748,771

Lloyds

TSB

Group

plc

489,693

4,906

London

Stock

Exchange

Group

plc

587,022

26,505

M&G

plc

73,772

15,636

Melrose

Industries

plc

132,764

5,199

Mondi

plc

91,572

43,814

National

Grid

plc

590,349

66,909

NatWest

Group

plc

224,101

1,427

Next

plc

166,337

6,729

Ocado

Group

plc

a

38,590

7,426

Pearson

plc

97,782

3,710

Persimmon

plc

61,514

8,725

Phoenix

Group

Holdings

plc

60,922

32,388

Prudential

plc

303,753

8,408

Reckitt

Benckiser

Group

plc

479,298

22,207

RELX

plc

957,685

29,713

Rentokil

Initial

plc

176,659

13,265

Rio

Tinto

plc

838,677

99,139

Rolls-Royce

Holdings

plc

a

533,403

12,013

Sage

Group

plc

191,992

9,362

Schroders

plc

44,477

13,737

SEGRO

plc

156,623

3,171

Severn

Trent

plc

98,945

76,593

Shell

plc

2,541,314

10,297

Smith

&

Nephew

plc

128,908

4,094

Smiths

Group

plc

84,862

869

Spirax-Sarco

Engineering

plc

110,255

12,873

SSE

plc

268,376

6,372

St.

James's

Place

plc

37,382

26,619

Standard

Chartered

plc

225,668

41,644

Taylor

Wimpey

plc

71,997

83,109

Tesco

plc

311,282

29,452

Unilever

plc

1,478,542

8,032

United

Utilities

Group

plc

104,365

271,112

Vodafone

Group

plc

240,456

2,196

Whitbread

plc

91,810

7,242

Wise

plc

a

84,654

Total

26,469,852

Total

Common

Stock

(cost

$149,239,270)

198,556,964

Shares

Preferred

Stock

(

0.3%

)

Germany

(0.3%)

694

Bayerische

Motoren

Werke

AG

74,468

1,994

Henkel

AG

&

Company

KGaA

160,270

International

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

155

Shares

Preferred

Stock

(0.3%)

Value

Germany

(0.3%)

-

continued

2,429

Volkswagen

AG

$

322,145

Total

556,883

Total

Preferred

Stock

(cost

$563,119)

556,883

Shares

Collateral

Held

for

Securities

Loaned

(

0.3%

)

711,900

Thrivent

Cash

Management

Trust

711,900

Total

Collateral

Held

for

Securities

Loaned

(cost

$711,900)

711,900

Shares

or

Principal

Amount

Short-Term

Investments

(

1.3%

)

Federal

Home

Loan

Bank

Discount

Notes

100,000

5.230%,

 4/3/2024

e,f

99,914

100,000

5.230%,

 5/8/2024

e,f

99,405

Thrivent

Core

Short-Term

Reserve

Fund

235,262

5.590%

2,352,622

Total

Short-Term

Investments

(cost

$2,551,968)

2,551,941

Total

Investments

(cost

$153,066,257)

99.7%

$202,377,688

Other

Assets

and

Liabilities,

Net

0.3%

656,565

Total

Net

Assets

100.0%

$203,034,253

a

Non-income

producing

security.

b

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

March

28,

2024,

the

value

of

these

investments

was

$2,671,384

or

1.3%

of

total

net

assets.

c

All

or

a

portion

of

the

security

is

on

loan.

d

Security

received

as

part

of

a

corporate

restructure

prior

to

year

end

with

a

contractual

restriction

on

its

sale

of

less

than

one

month.

e

The

interest

rate

shown

reflects

the

yield.

f

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

International

Index

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Common

Stock

$

635,134

Total

lending

$635,134

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$711,900

Net

amounts

due

to

counterparty

$76,766

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

International

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

156

Reference

Description:

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

International

Index

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

7,983,424

233,316

7,750,108

–

Consumer

Discretionary

24,488,563

42,203

24,446,360

–

Consumer

Staples

16,838,671

170,118

16,668,553

–

Energy

8,135,824

–

8,135,824

–

Financials

38,475,461

35,252

38,440,209

–

Health

Care

25,266,038

186,294

25,079,744

–

Industrials

33,449,560

275,207

33,174,353

–

Information

Technology

18,771,437

476,438

18,294,999

–

Materials

14,384,959

–

14,384,959

–

Real

Estate

4,574,597

–

4,574,597

–

Utilities

6,188,430

–

6,188,430

–

Preferred

Stock

Consumer

Discretionary

396,613

–

396,613

–

Consumer

Staples

160,270

–

160,270

–

Short-Term

Investments

199,319

–

199,319

–

Subtotal

Investments

in

Securities

$199,313,166

$1,418,828

$197,894,338

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

2,352,622

Collateral

Held

for

Securities

Loaned

711,900

Subtotal

Other

Investments

$3,064,522

Total

Investments

at

Value

$202,377,688

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

International

Index

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

29,437

29,437

–

–

Total

Asset

Derivatives

$29,437

$29,437

$–

$–

The

following

table

presents

International

Index

Portfolio's

futures

contracts

held

as

of

March

28,

2024.

Investments

and/or

cash

totaling

$199,319

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

ICE

mini

MSCI

EAFE

Index

25

June

2024

$

2,916,938

$

29,437

Total

Futures

Long

Contracts

$

2,916,938

$

29,437

Total

Futures

Contracts

$

2,916,938

$29,437

International

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

157

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

International

Index

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$2,283

$2,657

$2,587

$2,353

235

1.2%

Total

Affiliated

Short-Term

Investments

2,283

2,353

1.2

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

648

2,401

2,337

712

712

0.3

Total

Collateral

Held

for

Securities

Loaned

648

712

0.3

Total

Value

$2,931

$3,065

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$–

$–

$

–

$35

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$35

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

1

Total

Affiliated

Income

from

Securities

Loaned,

Net

$1

Total

Value

$–

$–

$

–

Large

Cap

Growth

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

158

Shares

Common

Stock

(

97

.4

%

)

Value

Communications

Services

(10.6%)

1,026,466

Alphabet,

Inc.,

Class

C

a

$

156,289,713

281,664

Meta

Platforms,

Inc.

136,770,405

Total

293,060,118

Consumer

Discretionary

(14.5%)

1,276,249

Amazon.com,

Inc.

a

230,209,795

540,653

eBay,

Inc.

28,535,665

205,063

Expedia

Group,

Inc.

a

28,247,428

156,819

Home

Depot,

Inc.

60,155,769

301,651

Tesla,

Inc.

a

53,027,229

Total

400,175,886

Consumer

Staples

(2.3%)

346,606

BJ's

Wholesale

Club

Holdings,

Inc.

a

26,220,744

629,742

Walmart,

Inc.

37,891,576

Total

64,112,320

Energy

(2.3%)

714,079

Halliburton

Company

28,148,994

138,092

Pioneer

Natural

Resources

Company

36,249,150

Total

64,398,144

Financials

(8.1%)

136,814

American

Express

Company

31,151,180

69,887

Ameriprise

Financial,

Inc.

30,641,256

63,527

FactSet

Research

Systems,

Inc.

28,866,034

208,287

Intercontinental

Exchange,

Inc.

28,624,882

147,923

J.P.

Morgan

Chase

&

Company

29,628,977

811,605

KeyCorp

12,831,475

469,423

PayPal

Holdings,

Inc.

a

31,446,647

220,640

Raymond

James

Financial,

Inc.

28,334,589

Total

221,525,040

Health

Care

(10.9%)

109,615

Amgen,

Inc.

31,165,737

174,134

Danaher

Corporation

43,484,742

30,492

Eli

Lilly

&

Company

23,721,556

104,929

Intuitive

Surgical,

Inc.

a

41,876,115

127,014

Laboratory

Corporation

of

America

Holdings

27,747,478

330,838

Medtronic

plc

28,832,532

72,388

Molina

Healthcare,

Inc.

a

29,739,162

372,775

Novo

Nordisk

AS

ADR

47,864,310

151,661

Zoetis,

Inc.

25,662,558

Total

300,094,190

Industrials

(6.3%)

87,207

Caterpillar,

Inc.

31,955,261

428,389

Fastenal

Company

33,045,927

63,541

Northrop

Grumman

Corporation

30,414,535

660,910

Uber

Technologies,

Inc.

a

50,883,461

185,366

United

Parcel

Service,

Inc.

27,550,949

Total

173,850,133

Information

Technology

(40.3%)

92,899

Adobe,

Inc.

a

46,876,835

346,360

Advanced

Micro

Devices,

Inc.

a

62,514,516

904,424

Apple,

Inc.

155,090,628

177,385

Applied

Materials,

Inc.

36,582,109

151,131

CDW

Corporation

38,656,287

443,733

Fortinet,

Inc.

a

30,311,401

704,608

Microsoft

Corporation

296,442,678

Shares

Common

Stock

(97.4%)

Value

Information

Technology

(40.3%)

-

continued

260,393

NVIDIA

Corporation

$

235,280,699

257,105

QUALCOMM,

Inc.

43,527,877

159,579

Salesforce,

Inc.

48,062,003

84,450

ServiceNow,

Inc.

a

64,384,680

336,737

Shopify,

Inc.

a

25,985,994

61,885

Tyler

Technologies,

Inc.

a

26,301,744

Total

1,110,017,451

Materials

(1.1%)

152,807

Nucor

Corporation

30,240,505

Total

30,240,505

Real

Estate

(1.0%)

120,678

SBA

Communications

Corporation

26,150,923

Total

26,150,923

Total

Common

Stock

(cost

$1,450,585,549)

2,683,624,710

Shares

Registered

Investment

Companies

(

1

.0

%

)

Value

U.S.

Unaffiliated  (1.0%)

199,274

iShares

Biotechnology

ETF

27,344,378

Total

27,344,378

Total

Registered

Investment

Companies

(cost

$26,987,132)

27,344,378

Shares

Short-Term

Investments

(

1

.6

%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

4,290,825

5.590%

42,908,250

Total

Short-Term

Investments

(cost

$42,908,250)

42,908,250

Total

Investments

(cost

$1,520,480,931)

100.0%

$

2,753,877,338

Other

Assets

and

Liabilities,

Net

<0.1%

312,109

Total

Net

Assets

100.0%

$

2,754,189,447

a

Non-income

producing

security.

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

ETF

-

Exchange

Traded

Fund

plc

-

Public

Limited

Company

Large

Cap

Growth

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

159

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Large

Cap

Growth

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

293,060,118

293,060,118

–

–

Consumer

Discretionary

400,175,886

400,175,886

–

–

Consumer

Staples

64,112,320

64,112,320

–

–

Energy

64,398,144

64,398,144

–

–

Financials

221,525,040

221,525,040

–

–

Health

Care

300,094,190

300,094,190

–

–

Industrials

173,850,133

173,850,133

–

–

Information

Technology

1,110,017,451

1,110,017,451

–

–

Materials

30,240,505

30,240,505

–

–

Real

Estate

26,150,923

26,150,923

–

–

Registered

Investment

Companies

U.S.

Unaffiliated

27,344,378

27,344,378

–

–

Subtotal

Investments

in

Securities

$

2,710,969,088

$

2,710,969,088

$

–

$

–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

42,908,250

Subtotal

Other

Investments

$

42,908,250

Total

Investments

at

Value

$

2,753,877,338

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Large

Cap

Growth

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$

57,373

$

36,916

$

51,381

$

42,908

4,291

1.6%

Total

Affiliated

Short-Term

Investments

57,373

42,908

1.6

Total

Value

$

57,373

$

42,908

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$–

$–

$

–

$

630

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$

630

Total

Value

$–

$–

$

–

Large

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

160

Shares

Common

Stock

(

99.2%

)

Value

Communications

Services

(8.9%)

240,296

Alphabet,

Inc.,

Class

A

a

$

36,267,875

201,182

Alphabet,

Inc.,

Class

C

a

30,631,971

291,552

AT&T,

Inc.

5,131,315

4,027

Charter

Communications,

Inc.

a

1,170,367

161,573

Comcast

Corporation

7,004,190

9,920

Electronic

Arts,

Inc.

1,316,086

9,758

Fox

Corporation,

Class

A

305,133

5,379

Fox

Corporation,

Class

B

153,947

15,618

Interpublic

Group

of

Companies,

Inc.

509,615

5,786

Live

Nation

Entertainment,

Inc.

a

611,985

11,084

Match

Group,

Inc.

a

402,128

89,710

Meta

Platforms,

Inc.

43,561,382

17,646

Netflix,

Inc.

a

10,716,945

15,496

News

Corporation,

Class

A

405,685

4,675

News

Corporation,

Class

B

126,506

8,073

Omnicom

Group,

Inc.

781,143

19,673

Paramount

Global

231,551

6,466

Take-Two

Interactive

Software,

Inc.

a

960,136

21,294

T-Mobile

US,

Inc.

3,475,607

171,435

Verizon

Communications,

Inc.

7,193,413

74,796

Walt

Disney

Company

9,152,039

90,487

Warner

Brothers

Discovery,

Inc.

a

789,952

Total

160,898,971

Consumer

Discretionary

(10.3%)

17,760

Airbnb,

Inc.

a

2,929,690

372,734

Amazon.com,

Inc.

a

67,233,759

11,378

Aptiv

plc

a

906,258

705

AutoZone,

Inc.

a

2,221,913

9,213

Bath

&

Body

Works,

Inc.

460,834

7,817

Best

Buy

Company,

Inc.

641,229

1,423

Booking

Holdings,

Inc.

5,162,473

9,370

BorgWarner,

Inc.

325,514

8,796

Caesars

Entertainment,

Inc.

a

384,737

6,439

CarMax,

Inc.

a

560,901

41,082

Carnival

Corporation

a

671,280

1,118

Chipotle

Mexican

Grill,

Inc.

a

3,249,769

12,177

D.R.

Horton,

Inc.

2,003,725

4,869

Darden

Restaurants,

Inc.

813,853

1,047

Deckers

Outdoor

Corporation

a

985,499

1,422

Domino's

Pizza,

Inc.

706,563

21,163

eBay,

Inc.

1,116,983

4,883

Etsy,

Inc.

a

335,560

5,332

Expedia

Group,

Inc.

a

734,483

159,142

Ford

Motor

Company

2,113,406

6,241

Garmin,

Ltd.

929,098

47,074

General

Motors

Company

2,134,806

5,717

Genuine

Parts

Company

885,735

5,319

Hasbro,

Inc.

300,630

10,282

Hilton

Worldwide

Holdings,

Inc.

2,193,253

40,583

Home

Depot,

Inc.

15,567,639

15,058

Las

Vegas

Sands

Corporation

778,499

10,078

Lennar

Corporation

1,733,214

10,912

LKQ

Corporation

582,810

23,451

Lowe's

Companies,

Inc.

5,973,673

4,683

Lululemon

Athletica

,

Inc.

a

1,829,414

10,060

Marriott

International,

Inc./MD

2,538,239

29,577

McDonald's

Corporation

8,339,235

11,143

MGM

Resorts

International

a

526,061

2,155

Mohawk

Industries,

Inc.

a

282,068

49,634

NIKE,

Inc.

4,664,603

17,347

Norwegian

Cruise

Line

Holdings,

Ltd.

a

363,073

Shares

Common

Stock

(99.2%)

Value

Consumer

Discretionary

(10.3%)

-

continued

130

NVR,

Inc.

a

$

1,052,995

2,409

O'Reilly

Automotive,

Inc.

a

2,719,472

1,577

Pool

Corporation

636,320

8,649

PulteGroup,

Inc.

1,043,242

1,592

Ralph

Lauren

Corporation

298,914

13,728

Ross

Stores,

Inc.

2,014,721

9,620

Royal

Caribbean

Cruises,

Ltd.

a

1,337,276

46,167

Starbucks

Corporation

4,219,202

9,353

Tapestry,

Inc.

444,080

112,982

Tesla,

Inc.

a

19,861,106

46,472

TJX

Companies,

Inc.

4,713,190

4,409

Tractor

Supply

Company

1,153,923

1,980

Ulta

Beauty,

Inc.

a

1,035,302

13,476

VF

Corporation

206,722

3,886

Wynn

Resorts,

Ltd.

397,266

11,458

Yum!

Brands,

Inc.

1,588,652

Total

185,902,862

Consumer

Staples

(5.9%)

71,908

Altria

Group,

Inc.

3,136,627

21,749

Archer-Daniels-Midland

Company

1,366,055

7,373

Brown-Forman

Corporation

380,594

5,924

Bunge

Global

SA

607,328

8,023

Campbell

Soup

Company

356,622

10,047

Church

&

Dwight

Company,

Inc.

1,048,003

5,061

Clorox

Company

774,890

158,664

Coca-Cola

Company

9,707,064

33,574

Colgate-Palmolive

Company

3,023,339

19,491

Conagra

Brands,

Inc.

577,713

6,559

Constellation

Brands,

Inc.

1,782,474

18,094

Costco

Wholesale

Corporation

13,256,207

8,950

Dollar

General

Corporation

1,396,737

8,440

Dollar

Tree,

Inc.

a

1,123,786

9,498

Estee

Lauder

Companies,

Inc.

1,464,117

23,157

General

Mills,

Inc.

1,620,295

6,112

Hershey

Company

1,188,784

11,818

Hormel

Foods

Corporation

412,330

4,328

J.M.

Smucker

Company

544,765

10,754

Kellanova

616,097

70,278

Kenvue

,

Inc.

1,508,166

42,469

Keurig

Dr

Pepper,

Inc.

1,302,524

13,737

Kimberly-Clark

Corporation

1,776,881

32,509

Kraft

Heinz

Company

1,199,582

26,989

Kroger

Company

1,541,882

5,887

Lamb

Weston

Holdings,

Inc.

627,142

10,253

McCormick

&

Company,

Inc.

787,533

7,550

Molson

Coors

Beverage

Company

507,738

54,905

Mondelez

International,

Inc.

3,843,350

30,122

Monster

Beverage

Corporation

a

1,785,632

56,044

PepsiCo,

Inc.

9,808,260

63,304

Philip

Morris

International,

Inc.

5,799,912

95,948

Procter

&

Gamble

Company

15,567,563

20,300

Sysco

Corporation

1,647,954

18,825

Target

Corporation

3,335,978

11,676

Tyson

Foods,

Inc.

685,731

29,187

Walgreens

Boots

Alliance,

Inc.

633,066

174,550

Walmart,

Inc.

10,502,674

Total

107,245,395

Energy

(3.9%)

14,728

APA

Corporation

506,349

40,812

Baker

Hughes

Company

1,367,202

70,725

Chevron

Corporation

11,156,161

48,039

ConocoPhillips

6,114,404

30,672

Coterra

Energy,

Inc.

855,135

Large

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

161

Shares

Common

Stock

(99.2%)

Value

Energy

(3.9%)

-

continued

26,125

Devon

Energy

Corporation

$

1,310,952

7,298

Diamondback

Energy,

Inc.

1,446,245

23,779

EOG

Resources,

Inc.

3,039,907

16,773

EQT

Corporation

621,775

161,923

Exxon

Mobil

Corporation

18,821,930

36,295

Halliburton

Company

1,430,749

11,224

Hess

Corporation

1,713,231

78,854

Kinder

Morgan,

Inc.

1,446,182

23,864

Marathon

Oil

Corporation

676,306

15,006

Marathon

Petroleum

Corporation

3,023,709

26,839

Occidental

Petroleum

Corporation

1,744,267

23,754

ONEOK,

Inc.

1,904,358

17,534

Phillips

66

2,864,004

9,526

Pioneer

Natural

Resources

Company

2,500,575

58,204

Schlumberger

NV

3,190,161

9,092

Targa

Resources

Corporation

1,018,213

13,882

Valero

Energy

Corporation

2,369,519

49,605

Williams

Companies,

Inc.

1,933,107

Total

71,054,441

Financials

(13.0%)

21,465

Aflac,

Inc.

1,842,985

10,704

Allstate

Corporation

1,851,899

23,318

American

Express

Company

5,309,275

28,627

American

International

Group,

Inc.

2,237,773

4,086

Ameriprise

Financial,

Inc.

1,791,466

8,164

Aon

plc

2,724,490

15,128

Arch

Capital

Group,

Ltd.

a

1,398,432

8,840

Arthur

J.

Gallagher

&

Company

2,210,354

2,118

Assurant,

Inc.

398,692

280,744

Bank

of

America

Corporation

10,645,812

30,963

Bank

of

New

York

Mellon

Corporation

1,784,088

74,190

Berkshire

Hathaway,

Inc.

a

31,198,379

5,702

BlackRock,

Inc.

4,753,757

29,333

Blackstone,

Inc.

3,853,476

9,632

Brown

&

Brown,

Inc.

843,185

15,511

Capital

One

Financial

Corporation

2,309,433

4,304

Cboe

Global

Markets,

Inc.

790,774

60,684

Charles

Schwab

Corporation

4,389,881

16,525

Chubb,

Ltd.

4,282,123

6,402

Cincinnati

Financial

Corporation

794,936

77,602

Citigroup,

Inc.

4,907,550

19,011

Citizens

Financial

Group,

Inc.

689,909

14,679

CME

Group,

Inc.

3,160,242

5,378

Comerica,

Inc.

295,736

2,944

Corpay

,

Inc.

a

908,342

10,196

Discover

Financial

Services

1,336,594

1,770

Everest

Group,

Ltd.

703,575

1,553

FactSet

Research

Systems,

Inc.

705,668

24,159

Fidelity

National

Information

Services,

Inc.

1,792,115

27,774

Fifth

Third

Bancorp

1,033,471

24,473

Fiserv,

Inc.

a

3,911,275

12,239

Franklin

Resources,

Inc.

344,038

3,492

Global

Life,

Inc.

406,364

10,618

Global

Payments,

Inc.

1,419,202

13,298

Goldman

Sachs

Group,

Inc.

5,554,442

12,172

Hartford

Financial

Services

Group,

Inc.

1,254,325

59,057

Huntington

Bancshares,

Inc./OH

823,845

23,349

Intercontinental

Exchange,

Inc.

3,208,853

18,329

Invesco,

Ltd.

304,078

117,885

J.P.

Morgan

Chase

&

Company

23,612,365

Shares

Common

Stock

(99.2%)

Value

Financials

(13.0%)

-

continued

2,971

Jack

Henry

&

Associates,

Inc.

$

516,152

38,190

KeyCorp

603,784

7,430

Loews

Corporation

581,695

6,775

M&T

Bank

Corporation

985,356

1,546

MarketAxess

Holdings,

Inc.

338,960

20,062

Marsh

&

McLennan

Companies,

Inc.

4,132,371

33,642

Mastercard

,

Inc.

16,200,978

25,032

MetLife,

Inc.

1,855,122

6,417

Moody's

Corporation

2,522,074

51,084

Morgan

Stanley

4,810,069

3,225

MSCI,

Inc.

1,807,451

15,495

Nasdaq,

Inc.

977,734

8,364

Northern

Trust

Corporation

743,727

43,702

PayPal

Holdings,

Inc.

a

2,927,597

16,230

PNC

Financial

Services

Group,

Inc.

2,622,768

8,944

Principal

Financial

Group,

Inc.

771,957

23,866

Progressive

Corporation

4,935,966

14,720

Prudential

Financial,

Inc.

1,728,128

7,671

Raymond

James

Financial,

Inc.

985,110

37,677

Regions

Financial

Corporation

792,724

13,101

S&P

Global,

Inc.

5,573,820

12,312

State

Street

Corporation

951,964

16,590

Synchrony

Financial

715,361

9,130

T.

Rowe

Price

Group,

Inc.

1,113,130

9,305

Travelers

Companies,

Inc.

2,141,453

54,385

Truist

Financial

Corporation

2,119,927

63,489

U.S.

Bancorp

2,837,958

64,492

Visa,

Inc.

17,998,427

8,264

W.R.

Berkley

Corporation

730,868

146,749

Wells

Fargo

&

Company

8,505,572

4,181

Willis

Towers

Watson

plc

1,149,775

Total

236,461,177

Health

Care

(12.3%)

70,790

Abbott

Laboratories

8,045,991

71,992

AbbVie,

Inc.

13,109,743

11,949

Agilent

Technologies,

Inc.

1,738,699

2,904

Align

Technology,

Inc.

a

952,280

21,815

Amgen,

Inc.

6,202,441

20,707

Baxter

International,

Inc.

885,017

11,780

Becton,

Dickinson

and

Company

2,914,961

5,908

Biogen,

Inc.

a

1,273,942

854

Bio-Rad

Laboratories,

Inc.

a

295,373

6,410

Bio-

Techne

Corporation

451,200

59,737

Boston

Scientific

Corporation

a

4,091,387

82,970

Bristol-Myers

Squibb

Company

4,499,463

9,918

Cardinal

Health,

Inc.

1,109,824

7,370

Catalent

,

Inc.

a

416,036

6,751

Cencora

,

Inc.

1,640,425

21,794

Centene

Corporation

a

1,710,393

2,092

Charles

River

Laboratories

International,

Inc.

a

566,827

11,927

Cigna

Group

4,331,767

8,104

Cooper

Companies,

Inc.

822,232

51,315

CVS

Health

Corporation

4,092,884

26,816

Danaher

Corporation

6,696,492

2,197

DaVita,

Inc.

a

303,296

8,639

Dentsply

Sirona,

Inc.

286,728

15,720

Dexcom

,

Inc.

a

2,180,364

24,731

Edwards

Lifesciences

Corporation

a

2,363,294

9,581

Elevance

Health,

Inc.

4,968,132

32,516

Eli

Lilly

&

Company

25,296,147

17,268

GE

HealthCare

Technologies,

Inc.

1,569,834

Large

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

162

Shares

Common

Stock

(99.2%)

Value

Health

Care

(12.3%)

-

continued

50,808

Gilead

Sciences,

Inc.

$

3,721,686

8,077

HCA

Healthcare,

Inc.

2,693,922

5,298

Henry

Schein,

Inc.

a

400,105

9,572

Hologic

,

Inc.

a

746,233

4,984

Humana,

Inc.

1,728,052

3,387

IDEXX

Laboratories,

Inc.

a

1,828,743

6,475

Illumina,

Inc.

a

889,147

7,585

Incyte

Corporation

a

432,117

2,847

Insulet

Corporation

a

487,976

14,367

Intuitive

Surgical,

Inc.

a

5,733,726

7,442

IQVIA

Holding,

Inc.

a

1,882,007

98,160

Johnson

&

Johnson

15,527,930

3,462

Laboratory

Corporation

of

America

Holdings

756,309

5,358

McKesson

Corporation

2,876,442

54,219

Medtronic

plc

4,725,186

103,329

Merck

&

Company,

Inc.

13,634,262

876

Mettler

-Toledo

International,

Inc.

a

1,166,210

13,526

Moderna

,

Inc.

a

1,441,331

2,365

Molina

Healthcare,

Inc.

a

971,613

230,241

Pfizer,

Inc.

6,389,188

4,526

Quest

Diagnostics,

Inc.

602,456

4,308

Regeneron

Pharmaceuticals,

Inc.

a

4,146,407

5,998

ResMed

,

Inc.

1,187,784

5,032

Revvity

,

Inc.

528,360

4,029

STERIS

plc

905,800

13,788

Stryker

Corporation

4,934,312

1,916

Teleflex,

Inc.

433,342

15,755

Thermo

Fisher

Scientific,

Inc.

9,156,964

37,715

UnitedHealth

Group,

Inc.

18,657,611

2,488

Universal

Health

Services,

Inc.

453,960

10,508

Vertex

Pharmaceuticals,

Inc.

a

4,392,449

48,918

Viatris

,

Inc.

584,081

2,411

Waters

Corporation

a

829,939

3,017

West

Pharmaceutical

Services,

Inc.

1,193,857

8,522

Zimmer

Biomet

Holdings,

Inc.

1,124,734

18,721

Zoetis,

Inc.

3,167,780

Total

223,147,193

Industrials

(8.7%)

22,537

3M

Company

2,390,500

5,008

A.O.

Smith

Corporation

448,016

3,580

Allegion

plc

482,262

26,679

American

Airlines

Group,

Inc.

a

409,523

9,411

AMETEK,

Inc.

1,721,272

16,751

Automatic

Data

Processing,

Inc.

4,183,395

2,872

Axon

Enterprise,

Inc.

a

898,591

23,386

Boeing

Company

a

4,513,264

4,802

Broadridge

Financial

Solutions,

Inc.

983,738

5,030

Builders

FirstSource

,

Inc.

a

1,049,006

4,757

C.H.

Robinson

Worldwide,

Inc.

362,198

34,068

Carrier

Global

Corporation

1,980,373

20,759

Caterpillar,

Inc.

7,606,720

3,514

Cintas

Corporation

2,414,223

35,631

Copart

,

Inc.

a

2,063,747

80,580

CSX

Corporation

2,987,101

5,557

Cummins,

Inc.

1,637,370

6,366

Dayforce

,

Inc.

a

421,493

10,618

Deere

&

Company

4,361,237

26,111

Delta

Air

Lines,

Inc.

1,249,934

5,705

Dover

Corporation

1,010,869

16,282

Eaton

Corporation

plc

5,091,056

23,312

Emerson

Electric

Company

2,644,047

Shares

Common

Stock

(99.2%)

Value

Industrials

(8.7%)

-

continued

5,028

Equifax,

Inc.

$

1,345,091

5,928

Expeditors

International

of

Washington,

Inc.

720,667

23,334

Fastenal

Company

1,799,985

9,375

FedEx

Corporation

2,716,312

14,300

Fortive

Corporation

1,230,086

2,505

Generac

Holdings,

Inc.

a

315,981

9,258

General

Dynamics

Corporation

2,615,292

44,378

General

Electric

Company

7,789,670

26,882

Honeywell

International,

Inc.

5,517,530

15,950

Howmet

Aerospace,

Inc.

1,091,458

2,187

Hubbell,

Inc.

907,714

1,614

Huntington

Ingalls

Industries,

Inc.

470,433

3,084

IDEX

Corporation

752,558

11,087

Illinois

Tool

Works,

Inc.

2,974,975

16,506

Ingersoll

Rand,

Inc.

1,567,245

5,124

Jacobs

Solutions,

Inc.

787,712

3,325

JB

Hunt

Transport

Services,

Inc.

662,506

27,789

Johnson

Controls

International

plc

1,815,177

7,729

L3Harris

Technologies,

Inc.

1,647,050

5,607

Leidos

Holdings,

Inc.

735,022

8,769

Lockheed

Martin

Corporation

3,988,755

8,961

Masco

Corporation

706,844

2,213

Nordson

Corporation

607,557

9,211

Norfolk

Southern

Corporation

2,347,608

5,751

Northrop

Grumman

Corporation

2,752,774

7,296

Old

Dominion

Freight

Line,

Inc.

1,600,086

16,533

Otis

Worldwide

Corporation

1,641,231

21,329

PACCAR,

Inc.

2,642,450

5,236

Parker-Hannifin

Corporation

2,910,116

13,058

Paychex,

Inc.

1,603,522

1,959

Paycom

Software,

Inc.

389,861

6,740

Pentair

plc

575,866

5,924

Quanta

Services,

Inc.

1,539,055

8,339

Republic

Services,

Inc.

1,596,418

4,246

Robert

Half,

Inc.

336,623

4,673

Rockwell

Automation,

Inc.

1,361,385

11,448

Rollins,

Inc.

529,699

54,103

RTX

Corporation

5,276,666

2,152

Snap-On,

Inc.

637,465

24,330

Southwest

Airlines

Company

710,193

6,251

Stanley

Black

&

Decker,

Inc.

612,160

7,992

Textron,

Inc.

766,673

9,279

Trane

Technologies

plc

2,785,556

2,267

TransDigm

Group,

Inc.

2,792,037

83,912

Uber

Technologies,

Inc.

a

6,460,385

24,865

Union

Pacific

Corporation

6,115,049

13,375

United

Airlines

Holdings,

Inc.

a

640,395

29,492

United

Parcel

Service,

Inc.

4,383,396

2,740

United

Rentals,

Inc.

1,975,841

8,942

Veralto

Corporation

792,798

5,912

Verisk

Analytics,

Inc.

1,393,636

1,801

W.W.

Grainger,

Inc.

1,832,157

7,305

Wabtec

Corporation

1,064,192

14,946

Waste

Management,

Inc.

3,185,740

9,830

Xylem,

Inc.

1,270,429

Total

158,197,017

Information

Technology

(29.3%)

25,567

Accenture

plc

8,861,778

18,431

Adobe,

Inc.

a

9,300,283

65,886

Advanced

Micro

Devices,

Inc.

a

11,891,764

6,150

Akamai

Technologies,

Inc.

a

668,874

24,460

Amphenol

Corporation

2,821,461

20,219

Analog

Devices,

Inc.

3,999,116

Large

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

163

Shares

Common

Stock

(99.2%)

Value

Information

Technology

(29.3%)

-

continued

3,544

ANSYS,

Inc.

a

$

1,230,335

591,886

Apple,

Inc.

101,496,611

33,929

Applied

Materials,

Inc.

6,997,178

10,275

Arista

Networks,

Inc.

a

2,979,544

8,723

Autodesk,

Inc.

a

2,271,644

17,944

Broadcom,

Inc.

23,783,157

11,094

Cadence

Design

Systems,

Inc.

a

3,453,340

5,462

CDW

Corporation

1,397,070

165,694

Cisco

Systems,

Inc.

8,269,788

20,307

Cognizant

Technology

Solutions

Corporation

1,488,300

31,311

Corning,

Inc.

1,032,011

5,536

Enphase

Energy,

Inc.

a

669,745

2,353

EPAM

Systems,

Inc.

a

649,804

2,398

F5,

Inc.

a

454,637

1,013

Fair

Isaac

Corporation

a

1,265,855

4,357

First

Solar,

Inc.

a

735,462

25,990

Fortinet,

Inc.

a

1,775,377

3,178

Gartner,

Inc.

a

1,514,857

22,854

Gen

Digital,

Inc.

511,930

53,009

Hewlett

Packard

Enterprise

Company

939,850

35,557

HP,

Inc.

1,074,533

172,403

Intel

Corporation

7,615,040

37,311

International

Business

Machines

Corporation

7,124,909

11,415

Intuit,

Inc.

7,419,750

5,201

Jabil,

Inc.

696,674

13,126

Juniper

Networks,

Inc.

486,450

7,122

Keysight

Technologies,

Inc.

a

1,113,738

5,514

KLA

Corporation

3,851,915

5,346

Lam

Research

Corporation

5,194,013

22,035

Microchip

Technology,

Inc.

1,976,760

45,014

Micron

Technology,

Inc.

5,306,700

302,987

Microsoft

Corporation

127,472,691

1,958

Monolithic

Power

Systems,

Inc.

1,326,388

6,768

Motorola

Solutions,

Inc.

2,402,505

8,401

NetApp,

Inc.

881,853

100,718

NVIDIA

Corporation

91,004,756

10,511

NXP

Semiconductors

NV

2,604,310

17,425

ON

Semiconductor

Corporation

a

1,281,609

65,013

Oracle

Corporation

8,166,283

12,857

Palo

Alto

Networks,

Inc.

a

3,653,059

4,875

PTC,

Inc.

a

921,082

3,937

Qorvo

,

Inc.

a

452,086

45,507

QUALCOMM,

Inc.

7,704,335

4,356

Roper

Industries,

Inc.

2,443,019

39,472

Salesforce,

Inc.

11,888,177

7,945

Seagate

Technology

Holdings

plc

739,282

8,359

ServiceNow

,

Inc.

a

6,372,902

6,533

Skyworks

Solutions,

Inc.

707,655

2,053

Super

Micro

Computer,

Inc.

a

2,073,592

6,219

Synopsys,

Inc.

a

3,554,158

12,592

TE

Connectivity,

Ltd.

1,828,862

1,924

Teledyne

Technologies,

Inc.

a

826,012

6,234

Teradyne,

Inc.

703,382

37,078

Texas

Instruments,

Inc.

6,459,358

10,144

Trimble,

Inc.

a

652,868

1,718

Tyler

Technologies,

Inc.

a

730,167

3,594

VeriSign,

Inc.

a

681,099

13,221

Western

Digital

Corporation

a

902,201

2,094

Zebra

Technologies

Corporation

a

631,215

Total

531,385,159

Shares

Common

Stock

(99.2%)

Value

Materials

(2.4%)

9,065

Air

Products

and

Chemicals,

Inc.

$

2,196,178

4,785

Albemarle

Corporation

630,376

58,936

Amcor

plc

560,481

3,284

Avery

Dennison

Corporation

733,153

12,857

Ball

Corporation

866,048

4,084

Celanese

Corporation

701,876

7,791

CF

Industries

Holdings,

Inc.

648,289

28,616

Corteva

,

Inc.

1,650,285

28,637

Dow,

Inc.

1,658,941

17,538

DuPont

de

Nemours,

Inc.

1,344,639

4,783

Eastman

Chemical

Company

479,352

10,348

Ecolab,

Inc.

2,389,353

5,087

FMC

Corporation

324,042

58,473

Freeport-McMoRan,

Inc.

2,749,400

10,409

International

Flavors

&

Fragrances,

Inc.

895,070

14,109

International

Paper

Company

550,533

19,772

Linde

plc

9,180,535

10,437

LyondellBasell

Industries

NV

1,067,496

2,520

Martin

Marietta

Materials,

Inc.

1,547,129

13,327

Mosaic

Company

432,594

46,995

Newmont

Corporation

1,684,301

10,024

Nucor

Corporation

1,983,750

3,627

Packaging

Corporation

of

America

688,332

9,615

PPG

Industries,

Inc.

1,393,214

9,602

Sherwin-Williams

Company

3,335,063

6,202

Steel

Dynamics,

Inc.

919,322

5,418

Vulcan

Materials

Company

1,478,681

10,478

WestRock

Company

518,137

Total

42,606,570

Real

Estate

(2.3%)

6,421

Alexandria

Real

Estate

Equities,

Inc.

827,731

19,009

American

Tower

Corporation

3,755,988

5,784

AvalonBay

Communities,

Inc.

1,073,279

5,888

Boston

Properties,

Inc.

384,545

4,354

Camden

Property

Trust

428,434

12,126

CBRE

Group,

Inc.

a

1,179,132

16,652

CoStar

Group,

Inc.

a

1,608,583

17,684

Crown

Castle,

Inc.

1,871,498

12,349

Digital

Realty

Trust,

Inc.

1,778,750

3,828

Equinix

,

Inc.

3,159,363

14,074

Equity

Residential

888,210

2,618

Essex

Property

Trust,

Inc.

640,913

8,615

Extra

Space

Storage,

Inc.

1,266,405

2,995

Federal

Realty

Investment

Trust

305,850

28,866

Healthpeak

Properties,

Inc.

541,238

28,765

Host

Hotels

&

Resorts,

Inc.

594,860

23,456

Invitation

Homes,

Inc.

835,268

11,906

Iron

Mountain,

Inc.

954,980

27,163

Kimco

Realty

Corporation

532,667

4,759

Mid-America

Apartment

Communities,

Inc.

626,189

37,676

Prologis,

Inc.

4,906,169

6,453

Public

Storage

1,871,757

33,912

Realty

Income

Corporation

1,834,639

6,699

Regency

Centers

Corporation

405,692

4,399

SBA

Communications

Corporation

953,263

13,290

Simon

Property

Group,

Inc.

2,079,752

12,340

UDR,

Inc.

461,640

16,408

Ventas,

Inc.

714,404

42,185

VICI

Properties,

Inc.

1,256,691

22,569

Welltower

,

Inc.

2,108,847

Large

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

164

Shares

Common

Stock

(99.2%)

Value

Real

Estate

(2.3%)

-

continued

29,757

Weyerhaeuser

Company

$

1,068,574

Total

40,915,311

Utilities

(2.2%)

27,305

AES

Corporation

489,579

10,405

Alliant

Energy

Corporation

524,412

10,722

Ameren

Corporation

792,999

21,443

American

Electric

Power

Company,

Inc.

1,846,242

7,939

American

Water

Works

Company,

Inc.

970,225

6,151

Atmos

Energy

Corporation

731,169

25,739

CenterPoint

Energy,

Inc.

733,304

12,006

CMS

Energy

Corporation

724,442

14,077

Consolidated

Edison,

Inc.

1,278,332

13,023

Constellation

Energy

Corporation

2,407,302

34,122

Dominion

Energy,

Inc.

1,678,461

8,418

DTE

Energy

Company

943,995

31,439

Duke

Energy

Corporation

3,040,466

15,641

Edison

International

1,106,288

8,623

Entergy

Corporation

911,279

9,367

Evergy

,

Inc.

500,010

14,244

Eversource

Energy

851,364

40,590

Exelon

Corporation

1,524,966

21,058

FirstEnergy

Corporation

813,260

83,661

NextEra

Energy,

Inc.

5,346,775

16,858

NiSource,

Inc.

466,292

9,206

NRG

Energy,

Inc.

623,154

86,997

PG&E

Corporation

1,458,070

4,624

Pinnacle

West

Capital

Corporation

345,552

30,057

PPL

Corporation

827,469

20,319

Public

Service

Enterprise

Group,

Inc.

1,356,903

25,662

Sempra

1,843,301

44,472

Southern

Company

3,190,421

12,862

WEC

Energy

Group,

Inc.

1,056,227

22,501

Xcel

Energy,

Inc.

1,209,429

Total

39,591,688

Total

Common

Stock

(cost

$568,641,884)

1,797,405,784

Shares

or

Principal

Amount

Short-Term

Investments

(

0.8%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

200,000

5.230%,

4/3/2024

b,c

199,827

800,000

5.210%,

5/21/2024

b,c

793,736

Thrivent

Core

Short-Term

Reserve

Fund

1,345,128

5.590%

13,451,281

Total

Short-Term

Investments

(cost

$14,444,999)

14,444,844

Total

Investments

(cost

$583,086,883)

100.0%

$1,811,850,628

Other

Assets

and

Liabilities,

Net

<0.1%

619,133

Total

Net

Assets

100.0%

$1,812,469,761

a

Non-income

producing

security.

b

The

interest

rate

shown

reflects

the

yield.

c

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

Definitions:

plc

-

Public

Limited

Company

Large

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

165

Reference

Description:

CME

-

Chicago

Mercantile

Exchange

S&P

-

Standard

&

Poor's

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Large

Cap

Index

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

160,898,971

160,898,971

–

–

Consumer

Discretionary

185,902,862

185,902,862

–

–

Consumer

Staples

107,245,395

107,245,395

–

–

Energy

71,054,441

71,054,441

–

–

Financials

236,461,177

236,461,177

–

–

Health

Care

223,147,193

223,147,193

–

–

Industrials

158,197,017

158,197,017

–

–

Information

Technology

531,385,159

531,385,159

–

–

Materials

42,606,570

42,606,570

–

–

Real

Estate

40,915,311

40,915,311

–

–

Utilities

39,591,688

39,591,688

–

–

Short-Term

Investments

993,563

–

993,563

–

Subtotal

Investments

in

Securities

$1,798,399,347

$1,797,405,784

$993,563

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

13,451,281

Subtotal

Other

Investments

$13,451,281

Total

Investments

at

Value

$1,811,850,628

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Large

Cap

Index

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

336,766

336,766

–

–

Total

Asset

Derivatives

$336,766

$336,766

$–

$–

The

following

table

presents

Large

Cap

Index

Portfolio's

futures

contracts

held

as

of

March

28,

2024.

Investments

and/or

cash

totaling

$993,563

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Amount

Value

and

Unrealized

CME

E-mini

S&P

500

Index

59

June

2024

$

15,323,309

$

336,766

Total

Futures

Long

Contracts

$

15,323,309

$

336,766

Total

Futures

Contracts

$

15,323,309

$336,766

Large

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

166

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Large

Cap

Index

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$3,008

$32,929

$22,486

$13,451

1,345

0.7%

Total

Affiliated

Short-Term

Investments

3,008

13,451

0.7

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

725

3,923

4,648

–

–

–

Total

Collateral

Held

for

Securities

Loaned

725

–

–

Total

Value

$3,733

$13,451

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$–

$–

$

–

$117

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$117

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

10

Total

Affiliated

Income

from

Securities

Loaned,

Net

$10

Total

Value

$–

$–

$

–

Large

Cap

Value

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

167

Shares

Common

Stock

(

96.8%

)

Value

Communications

Services

(7.5%)

322,307

Alphabet,

Inc.,

Class

C

a

$

49,074,464

982,449

Comcast

Corporation

42,589,164

111,812

Meta

Platforms,

Inc.

54,293,671

1,420,011

Verizon

Communications,

Inc.

59,583,661

1,685,197

Warner

Brothers

Discovery,

Inc.

a

14,711,770

Total

220,252,730

Consumer

Discretionary

(5.4%)

293,910

Aptiv

plc

a

23,409,932

7,190

Booking

Holdings,

Inc.

26,084,457

114,319

Columbia

Sportswear

Company

9,280,416

122,657

D.R.

Horton,

Inc.

20,183,209

167,765

Lowe's

Companies,

Inc.

42,734,779

357,273

Sony

Group

Corporation

ADR

b

30,632,587

180,782

Yum

China

Holding,

Inc.

7,193,316

Total

159,518,696

Consumer

Staples

(8.1%)

2,153,559

Coty,

Inc.

a

25,756,566

1,331,483

Kenvue,

Inc.

28,573,625

333,736

Lamb

Weston

Holdings,

Inc.

35,552,896

589,050

Philip

Morris

International,

Inc.

53,968,761

525,772

Sysco

Corporation

42,682,171

857,897

Walmart,

Inc.

51,619,662

Total

238,153,681

Energy

(10.0%)

438,088

ConocoPhillips

55,759,841

712,678

Devon

Energy

Corporation

35,762,182

1,396,238

Enterprise

Products

Partners,

LP

40,742,225

535,002

Exxon

Mobil

Corporation

62,188,632

600,240

Halliburton

Company

23,661,461

150,159

Marathon

Petroleum

Corporation

30,257,038

100,142

Pioneer

Natural

Resources

Company

26,287,275

275,897

Shell

plc

ADR

18,496,135

Total

293,154,789

Financials

(21.5%)

122,358

Allstate

Corporation

21,169,158

578,514

American

International

Group,

Inc.

45,222,439

1,488,787

Bank

of

America

Corporation

56,454,803

707,570

Bank

of

New

York

Mellon

Corporation

40,770,183

186,181

Capital

One

Financial

Corporation

27,720,489

409,894

Carlyle

Group,

Inc.

19,228,128

666,051

Charles

Schwab

Corporation

48,182,129

146,874

Chubb,

Ltd.

38,059,460

454,159

Comerica,

Inc.

24,974,203

230,426

Discover

Financial

Services

30,206,544

243,339

Intercontinental

Exchange,

Inc.

33,442,079

386,816

J.P.

Morgan

Chase

&

Company

77,479,245

433,500

MetLife,

Inc.

32,126,685

225,502

Morgan

Stanley

21,233,268

256,738

Raymond

James

Financial,

Inc.

32,970,294

1,411,885

Wells

Fargo

&

Company

81,832,855

Total

631,071,962

Health

Care

(13.6%)

57,070

Amgen,

Inc.

16,226,143

523,808

AstraZeneca

plc

ADR

35,487,992

1,043,039

Avantor,

Inc.

a

26,670,507

68,440

Biogen,

Inc.

a

14,757,717

100,655

Cigna

Group

36,556,890

Shares

Common

Stock

(96.8%)

Value

Health

Care

(13.6%)

-

continued

114,943

Elevance

Health,

Inc.

$

59,602,543

300,072

Gilead

Sciences,

Inc.

21,980,274

343,701

Johnson

&

Johnson

54,370,061

127,268

Laboratory

Corporation

of

America

Holdings

27,802,967

460,053

Merck

&

Company,

Inc.

60,703,993

338,292

Zimmer

Biomet

Holdings,

Inc.

44,647,778

Total

398,806,865

Industrials

(12.4%)

64,088

Carlisle

Companies,

Inc.

25,112,883

55,507

Caterpillar,

Inc.

20,339,430

2,371,096

CNH

Industrial

NV

30,729,404

855,005

CSX

Corporation

31,695,035

689,168

Delta

Air

Lines,

Inc.

32,990,472

652,242

Flowserve

Corporation

29,794,415

162,452

General

Dynamics

Corporation

45,891,065

189,687

Honeywell

International,

Inc.

38,933,257

146,490

JB

Hunt

Transport

Services,

Inc.

29,188,133

154,443

L3Harris

Technologies,

Inc.

32,911,803

15,995

Parker-Hannifin

Corporation

8,889,861

253,909

United

Parcel

Service,

Inc.

37,738,495

Total

364,214,253

Information

Technology

(7.4%)

928,447

Cisco

Systems,

Inc.

46,338,790

157,580

Crane

NXT

Company

9,754,202

109,779

International

Business

Machines

Corporation

20,963,398

403,544

QUALCOMM,

Inc.

68,319,999

914,193

Samsung

Electronics

Company,

Ltd.

54,940,725

126,932

Taiwan

Semiconductor

Manufacturing

Company,

Ltd.

ADR

17,269,099

Total

217,586,213

Materials

(3.8%)

410,831

CF

Industries

Holdings,

Inc.

34,185,248

330,935

Corteva,

Inc.

19,085,021

269,704

Eastman

Chemical

Company

27,029,735

158,281

Nucor

Corporation

31,323,810

Total

111,623,814

Real

Estate

(2.7%)

68,435

AvalonBay

Communities,

Inc.

12,698,799

178,434

CBRE

Group,

Inc.

a

17,350,922

258,071

Crown

Castle,

Inc.

27,311,654

1,438,001

Healthcare

Realty

Trust,

Inc.

20,347,714

Total

77,709,089

Utilities

(4.4%)

219,456

Constellation

Energy

Corporation

40,566,442

342,403

Duke

Energy

Corporation

33,113,794

271,504

Entergy

Corporation

28,692,543

416,812

Public

Service

Enterprise

Group,

Inc.

27,834,705

Total

130,207,484

Total

Common

Stock

(cost

$1,987,634,514)

2,842,299,576

Large

Cap

Value

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

168

Shares

Collateral

Held

for

Securities

Loaned

(

1.0%

)

Value

29,413,800

Thrivent

Cash

Management

Trust

$

29,413,800

Total

Collateral

Held

for

Securities

Loaned

(cost

$29,413,800)

29,413,800

Shares

Registered

Investment

Companies

(

0.5%

)

Value

U.S.

Unaffiliated  (0.5%)

151,953

SPDR

S&P

Biotech

ETF

b

14,418,820

Total

14,418,820

Total

Registered

Investment

Companies

(cost

$13,525,625)

14,418,820

Shares

Short-Term

Investments

(

2.7%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

7,874,063

5.590%

78,740,634

Total

Short-Term

Investments

(cost

$78,735,877)

78,740,634

Total

Investments

(cost

$2,109,309,816)

101.0%

$2,964,872,830

Other

Assets

and

Liabilities,

Net

(1.0%)

(29,818,735)

Total

Net

Assets

100.0%

$2,935,054,095

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Large

Cap

Value

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Common

Stock

$

28,628,535

Total

lending

$28,628,535

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$29,413,800

Net

amounts

due

to

counterparty

$785,265

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

ETF

-

Exchange

Traded

Fund

plc

-

Public

Limited

Company

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Large

Cap

Value

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

220,252,730

220,252,730

–

–

Consumer

Discretionary

159,518,696

159,518,696

–

–

Consumer

Staples

238,153,681

238,153,681

–

–

Energy

293,154,789

293,154,789

–

–

Financials

631,071,962

631,071,962

–

–

Health

Care

398,806,865

398,806,865

–

–

Industrials

364,214,253

364,214,253

–

–

Information

Technology

217,586,213

162,645,488

54,940,725

–

Materials

111,623,814

111,623,814

–

–

Real

Estate

77,709,089

77,709,089

–

–

Utilities

130,207,484

130,207,484

–

–

Registered

Investment

Companies

U.S.

Unaffiliated

14,418,820

14,418,820

–

–

Subtotal

Investments

in

Securities

$2,856,718,396

$2,801,777,671

$

54,940,725

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

78,740,634

Collateral

Held

for

Securities

Loaned

29,413,800

Subtotal

Other

Investments

$108,154,434

Total

Investments

at

Value

$2,964,872,830

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Large

Cap

Value

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

169

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Large

Cap

Value

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$33,120

$118,233

$72,612

$78,741

7,874

2.7%

Total

Affiliated

Short-Term

Investments

33,120

78,741

2.7

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

47,426

18,012

29,414

29,414

1.0

Total

Collateral

Held

for

Securities

Loaned

–

29,414

1.0

Total

Value

$33,120

$108,155

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$–

$–

$

–

$500

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$500

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

11

Total

Affiliated

Income

from

Securities

Loaned,

Net

$11

Total

Value

$–

$–

$

–

Limited

Maturity

Bond

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

170

Principal

Amount

Long-Term

Fixed

Income

(

98.2%

)

Value

Asset-Backed

Securities

(16.8%)

510

Asset

Backed

Trust

$

1,786,214

2.116%, 

6/25/2061,

Ser.

2021-NPL2,

Class

A1

a,b

$

1,733,609

1,656,440

2.240%, 

11/25/2069,

Ser.

2021-NPL1,

Class

A1

a,b

1,613,749

ACHV

ABS

Trust

9,922

6.600%, 

8/19/2030,

Ser.

2023-3PL,

Class

A

a

9,924

1,500,000

5.900%, 

4/25/2031,

Ser.

2024-1PL,

Class

A

a

1,499,970

Affirm

Asset

Securitization

Trust

82,284

1.750%, 

2/15/2027,

Ser.

2022-X1,

Class

A

a

81,234

2,000,000

4.300%, 

5/17/2027,

Ser.

2022-A,

Class

A

a

1,987,179

1,500,000

6.820%, 

9/15/2028,

Ser.

2023-B,

Class

A

a

1,522,351

2,464,898

7.110%, 

11/15/2028,

Ser.

2023-X1,

Class

A

a

2,476,569

1,900,000

5.610%, 

2/15/2029,

Ser.

2024-A,

Class

A

a

1,895,484

AMSR

Trust

2,000,000

2.417%, 

12/17/2038,

Ser.

2021-SFR4,

Class

B

a

1,832,351

Ares

XL

CLO,

Ltd.

3,000,000

6.976%, 

(TSFR3M

+

1.662%),

1/15/2029,

Ser.

2016-40A,

Class

A3RR

a,c

3,000,327

Auxilior

Term

Funding,

LLC

2,000,000

6.180%, 

12/15/2028,

Ser.

2023-1A,

Class

A2

a

2,010,643

Avant

Credit

Card

Master

Trust

4,500,000

1.370%, 

4/15/2027,

Ser.

2021-1A,

Class

A

a

4,344,543

Avis

Budget

Rental

Car

Funding

AESOP,

LLC

2,025,000

2.020%, 

2/20/2027,

Ser.

2020-2A,

Class

A

a

1,911,143

3,000,000

5.780%, 

4/20/2028,

Ser.

2023-5A,

Class

A

a

3,042,471

Bankers

Healthcare

Group

Securitization

Trust

502,379

5.280%, 

10/17/2035,

Ser.

2022-C,

Class

A

a

500,682

Benefit

Street

Partners

CLO

IV,

Ltd.

2,500,000

7.221%, 

(TSFR3M

+

1.900%),

4/20/2034,

Ser.

2014-IVA,

Class

BR4

a,c

2,503,072

BHG

Securitization

Trust

1,002,176

0.900%, 

10/17/2034,

Ser.

2021-B,

Class

A

a

978,437

BRAVO

Residential

Funding

Trust

1,931,007

6.070%, 

(SOFR30A

+

0.750%),

4/25/2024,

Ser.

2021-HE2,

Class

A1

a,c

1,915,316

CarVal

CLO

VII-C,

Ltd.

1,750,000

7.518%, 

(TSFR3M

+

2.200%),

1/20/2035,

Ser.

2023-1A,

Class

A1

a,c

1,755,768

Cascade

Funding

Mortgage

Trust

642,013

1.100%, 

3/20/2041,

Ser.

2021-GRN1,

Class

A

a

611,477

Principal

Amount

Long-Term

Fixed

Income

(98.2%)

Value

Asset-Backed

Securities

(16.8%)

-

continued

Cascade

Funding

Mortgage

Trust,

LLC

$

435,866

4.250%, 

4/25/2033,

Ser.

2023-HB12,

Class

A

a,c

$

426,180

CIM

Trust

1,052,602

5.568%, 

7/25/2059,

Ser.

2021-NR2,

Class

A1

a,b

1,041,815

Commonbond

Student

Loan

Trust

221,741

2.550%, 

5/25/2041,

Ser.

2017-AGS,

Class

A1

a

208,926

320,727

5.944%, 

(TSFR1M

+

0.614%),

2/25/2044,

Ser.

2018-AGS,

Class

A2

a,c

314,986

Drive

Auto

Receivables

Trust

2,165,000

1.390%, 

3/15/2029,

Ser.

2021-2,

Class

D

2,072,544

Education

Funding

Trust

1,041,368

2.790%, 

7/25/2041,

Ser.

2020-A,

Class

A

a

929,998

Elmwood

CLO

18,

Ltd.

4,000,000

6.967%, 

(TSFR3M

+

1.650%),

7/17/2033,

Ser.

2022-5A,

Class

AR

a,c

4,012,700

Flatiron

CLO,

Ltd.

3,500,000

7.019%, 

(TSFR3M

+

1.712%),

5/15/2030,

Ser.

2017-1A,

Class

BR

a,c

3,497,298

Foundation

Finance

Trust

998,500

1.270%, 

5/15/2041,

Ser.

2021-1A,

Class

A

a

906,978

2,215,899

6.530%, 

6/15/2049,

Ser.

2023-2A,

Class

A

a

2,254,357

Genesis

Sales

Finance

Master

Trust

5,000,000

1.200%, 

12/21/2026,

Ser.

2021-AA,

Class

A

a

4,829,764

GMAC

Mortgage

Corporation

Loan

Trust

31,424

5.944%, 

(TSFR1M

+

0.614%),

8/25/2035,

Ser.

2005-HE1,

Class

A2

c,d

17,107

GSAA

Home

Equity

Trust

238,898

7.394%, 

(TSFR1M

+

2.064%),

5/25/2034,

Ser.

2004-4,

Class

M2

c

293,015

844,140

4.480%, 

8/25/2034,

Ser.

2004-10,

Class

M2

c

756,988

Home

Partners

of

America

Trust

2,019,023

2.302%, 

12/17/2026,

Ser.

2021-2,

Class

B

a

1,844,003

Marlette

Funding

Trust

865,631

6.070%, 

4/15/2033,

Ser.

2023-1A,

Class

A

a

865,651

National

Collegiate

Trust

527,746

5.739%, 

(LIBOR

1M

+

0.295%),

5/25/2031,

Ser.

2007-A,

Class

A

a,c

514,351

Navient

Student

Loan

Trust

1,158,587

4.160%, 

10/15/2070,

Ser.

2022-BA,

Class

A

a

1,107,127

Oak

Street

Investment

2,081,236

1.850%, 

11/20/2050,

Ser.

2020-1A,

Class

A1

a

1,930,316

Limited

Maturity

Bond

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

171

Principal

Amount

Long-Term

Fixed

Income

(98.2%)

Value

Asset-Backed

Securities

(16.8%)

-

continued

OneMain

Financial

Issuance

Trust

$

3,500,000

1.750%, 

9/14/2035,

Ser.

2020-2A,

Class

A

a

$

3,259,760

OZLM

VIII,

Ltd.

2,000,000

7.228%, 

(TSFR3M

+

1.912%),

10/17/2029,

Ser.

2014-8A,

Class

A2R3

a,c

1,988,798

Pagaya

AI

Debt

Trust

400,289

7.556%, 

7/15/2030,

Ser.

2023-1,

Class

A

a

402,128

Pagaya

AI

Technology

in

Housing

Trust

1,500,000

4.250%, 

8/25/2025,

Ser.

2022-1,

Class

A

a

1,460,692

2,000,000

4.250%, 

8/25/2025,

Ser.

2022-1,

Class

B

a

1,933,387

Palmer

Square

Loan

Funding,

Ltd.

1,000,000

6.829%, 

(TSFR3M

+

1.512%),

4/20/2029,

Ser.

2021-1A,

Class

A2

a,c

997,068

3,407,827

7.018%, 

(TSFR3M

+

1.700%),

7/20/2031,

Ser.

2023-1A,

Class

A1

a,c

3,408,532

Park

Blue

CLO,

Ltd.

2,000,000

7.868%, 

(TSFR3M

+

2.550%),

1/20/2035,

Ser.

2022-2A,

Class

A1

a,c

2,008,102

PPM

CLO

2,

Ltd.

3,750,000

6.826%, 

(TSFR3M

+

1.500%),

4/16/2037,

Ser.

2019-2A,

Class

AR

a,c

3,750,668

Pretium

Mortgage

Credit

Partners,

LLC

1,111,786

5.240%, 

4/25/2052,

Ser.

2022-NPL2,

Class

A1

a,b

1,093,780

2,124,870

1.868%, 

7/25/2051,

Ser.

2021-NPL3,

Class

A1

a,b

2,050,230

856,649

5.240%, 

9/27/2060,

Ser.

2021-NPL1,

Class

A1

a,b

843,361

Progress

Residential

Trust

1,993,280

2.078%, 

6/18/2037,

Ser.

2020-SFR2,

Class

A

a

1,912,779

2,372,137

1.524%, 

7/17/2038,

Ser.

2021-SFR6,

Class

A

a

2,173,757

2,250,000

1.942%, 

8/17/2040,

Ser.

2021-SFR7,

Class

B

a

1,943,187

RCO

VII

Mortgage,

LLC

1,439,794

7.021%, 

1/25/2029,

Ser.

2024-1,

Class

A1

a,b

1,435,490

SCF

Equipment

Leasing,

LLC

2,100,000

6.560%, 

1/22/2030,

Ser.

2023-1A,

Class

A2

a

2,117,502

SFS

Auto

Receivables

Securitization

Trust

719,738

5.890%, 

3/22/2027,

Ser.

2023-1A,

Class

A2A

a

720,878

Sound

Point

CLO

XV,

Ltd.

2,000,000

7.077%, 

(TSFR3M

+

1.762%),

1/23/2029,

Ser.

2017-1A,

Class

BR

a,c

2,000,004

Stratus

Static

CLO,

Ltd.

3,000,000

7.218%, 

(TSFR3M

+

1.900%),

10/20/2031,

Ser.

2022-3A,

Class

BR

a,c

2,999,802

Principal

Amount

Long-Term

Fixed

Income

(98.2%)

Value

Asset-Backed

Securities

(16.8%)

-

continued

Terwin

Mortgage

Trust

$

970,666

6.944%, 

(TSFR1M

+

1.614%),

12/25/2034,

Ser.

2004-21HE,

Class

2M2

a,c

$

952,162

Tesla

Auto

Lease

Trust

1,600,000

0.910%, 

9/22/2025,

Ser.

2021-B,

Class

B

a

1,585,850

3,000,000

6.130%, 

9/21/2026,

Ser.

2023-B,

Class

A3

a

3,027,461

Towd

Point

Asset

Trust

1,367,107

1.050%, 

11/20/2061,

Ser.

2021-SL1,

Class

A1

a

1,269,467

Tricon

Residential

Trust

3,250,000

2.244%, 

7/17/2038,

Ser.

2021-SFR1,

Class

B

a

3,007,545

U.S.

Bank

NA

1,278,753

6.789%, 

8/25/2032,

Ser.

2023-1,

Class

B

a

1,286,140

Upstart

Securitization

Trust

1,588,621

6.770%, 

6/20/2033,

Ser.

2023-2,

Class

A

a

1,591,487

VCAT

Asset

Securitization,

LLC

621,668

5.289%, 

12/26/2050,

Ser.

2021-NPL1,

Class

A1

a,b

617,239

Vericrest

Opportunity

Loan

Transferee

1,425,691

4.893%, 

2/27/2051,

Ser.

2021-NPL1,

Class

A1

a,b

1,390,251

2,093,931

4.893%, 

2/27/2051,

Ser.

2021-NPL2,

Class

A1

a,b

2,032,012

649,381

5.116%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A1

a,b

631,802

2,120,743

1.868%, 

8/25/2051,

Ser.

2021-NP11,

Class

A1

a,b

2,041,822

Veridian

Auto

Receivables

Trust

1,303,672

5.970%, 

8/17/2026,

Ser.

2023-1A,

Class

A2

a

1,304,275

Wind

River

CLO,

Ltd.

3,000,000

7.179%, 

(TSFR3M

+

1.862%),

7/20/2030,

Ser.

2013-1A,

Class

A2RR

a,c

3,000,354

Total

127,288,175

Basic

Materials

(2.1%)

Anglo

American

Capital

plc

1,050,000

4.875%, 

5/14/2025

a

1,038,982

EIDP,

Inc.

906,000

4.500%, 

5/15/2026

895,567

FMC

Corporation

925,000

5.150%, 

5/18/2026

919,125

Freeport-McMoRan,

Inc.

1,890,000

4.550%, 

11/14/2024

1,875,315

Glencore

Funding,

LLC

1,000,000

4.625%, 

4/29/2024

a

998,832

1,500,000

5.338%, 

4/4/2027

a,e

1,499,265

1,475,000

6.125%, 

10/6/2028

a

1,524,220

International

Flavors

&

Fragrances,

Inc.

750,000

1.832%, 

10/15/2027

a

665,037

LYB

International

Finance

III,

LLC

1,079,000

1.250%, 

10/1/2025

1,012,960

Mosaic

Company

875,000

5.375%, 

11/15/2028

885,513

Limited

Maturity

Bond

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

172

Principal

Amount

Long-Term

Fixed

Income

(98.2%)

Value

Basic

Materials

(2.1%)

-

continued

Newmont

Corporation/Newcrest

Finance,

Pty.

Ltd.

$

925,000

5.300%, 

3/15/2026

a

$

927,277

Nucor

Corporation

800,000

2.000%, 

6/1/2025

768,889

Steel

Dynamics,

Inc.

775,000

2.400%, 

6/15/2025

746,270

Syngenta

Finance

NV

2,235,000

4.892%, 

4/24/2025

a

2,203,616

Total

15,960,868

Capital

Goods

(3.0%)

AGCO

Corporation

1,100,000

5.450%, 

3/21/2027

1,104,915

Amphenol

Corporation

1,500,000

4.750%, 

3/30/2026

1,489,075

BAE

Systems

plc

935,000

5.000%, 

3/26/2027

a

933,099

Boeing

Company

2,350,000

4.875%, 

5/1/2025

2,323,895

1,750,000

2.196%, 

2/4/2026

1,638,349

Caterpillar

Financial

Services

Corporation

1,100,000

5.050%, 

2/27/2026

1,101,594

1,100,000

4.850%, 

2/27/2029

1,106,311

Howmet

Aerospace,

Inc.

1,014,000

6.875%, 

5/1/2025

1,025,251

1,100,000

3.000%, 

1/15/2029

993,327

Huntington

Ingalls

Industries,

Inc.

700,000

3.844%, 

5/1/2025

686,943

Ingersoll

Rand,

Inc.

250,000

5.400%, 

8/14/2028

253,317

John

Deere

Capital

Corporation

1,500,000

4.850%, 

3/5/2027

1,500,649

1,100,000

4.950%, 

7/14/2028

1,108,292

Otis

Worldwide

Corporation

1,225,000

2.056%, 

4/5/2025

1,184,456

Regal

Rexnord

Corporation

850,000

6.050%, 

2/15/2026

a

854,390

Republic

Services,

Inc.

1,250,000

0.875%, 

11/15/2025

1,165,408

RTX

Corporation

1,100,000

5.750%, 

11/8/2026

1,116,908

Textron,

Inc.

2,000,000

3.875%, 

3/1/2025

1,969,983

Veralto

Corporation

1,100,000

5.500%, 

9/18/2026

a

1,104,307

Total

22,660,469

Collateralized

Mortgage

Obligations

(10.3%)

A&D

Mortgage

Trust

3,236,409

6.733%, 

7/25/2068,

Ser.

2023-NQM3,

Class

A1

a,b

3,242,876

Angel

Oak

Mortgage

Trust

2,391,550

3.137%, 

12/25/2066,

Ser.

2022-1,

Class

A2

a,c

2,076,020

Banc

of

America

Funding

Trust

251,826

6.115%, 

1/25/2035,

Ser.

2004-D,

Class

4A1

c

248,869

441,756

5.750%, 

3/25/2036,

Ser.

2006-3,

Class

3A1

415,340

Principal

Amount

Long-Term

Fixed

Income

(98.2%)

Value

Collateralized

Mortgage

Obligations

(10.3%)

-

continued

Bear

Stearns

Adjustable

Rate

Mortgage

Trust

$

94,687

7.670%, 

(CMT

1Y

+

2.300%),

10/25/2035,

Ser.

2005-9,

Class

A1

c

$

87,811

CAFL

Issuer,

LLC

3,000,000

2.239%, 

3/28/2029,

Ser.

2021-RTL1,

Class

A1

a,b

2,878,032

Cascade

Funding

Mortgage

Trust

892,079

4.000%, 

10/25/2068,

Ser.

2018-RM2,

Class

A

a,c

881,522

CHNGE

Mortgage

Trust

1,461,283

6.000%, 

1/25/2058,

Ser.

2022-5,

Class

A1

a,c

1,451,579

1,501,394

3.007%, 

1/25/2067,

Ser.

2022-1,

Class

A1

a,c

1,366,453

2,365,185

7.065%, 

3/25/2058,

Ser.

2023-1,

Class

A1

a,c

2,370,736

2,311,010

3.757%, 

3/25/2067,

Ser.

2022-2,

Class

A1

a,c

2,165,575

2,412,875

6.525%, 

6/25/2058,

Ser.

2023-2,

Class

A1

a,b

2,396,580

2,547,142

7.100%, 

7/25/2058,

Ser.

2023-3,

Class

A1

a,b

2,547,218

Citigroup

Mortgage

Loan

Trust,

Inc.

549,071

5.394%, 

(CMT

1Y

+

2.400%),

3/25/2036,

Ser.

2006-AR1,

Class

3A1

c

502,205

COLT

Mortgage

Loan

Trust

2,158,097

1.726%, 

11/25/2066,

Ser.

2021-5,

Class

A1

a,c

1,843,779

Countrywide

Alternative

Loan

Trust

145,377

5.500%, 

11/25/2035,

Ser.

2005-49CB,

Class

A1

96,482

159,553

5.500%, 

2/25/2036,

Ser.

2005-85CB,

Class

2A2

123,062

Credit

Suisse

Mortgage

Capital

Certificates

2,802,288

2.303%, 

10/25/2066,

Ser.

2021-NQM8,

Class

A2

a,c

2,385,292

Cross

Mortgage

Trust

1,463,555

6.085%, 

12/25/2068,

Ser.

2024-H1,

Class

A1

a,b

1,461,561

Deephaven

Residential

Mortgage

Trust

2,278,777

2.205%, 

1/25/2067,

Ser.

2022-1,

Class

A1

a,c

2,033,461

2,199,761

2.085%, 

11/25/2066,

Ser.

2021-4,

Class

A2

a,c

1,884,380

Federal

National

Mortgage

Association

-

REMIC

1,902,433

4.500%, 

1/25/2046,

Ser.

2022-68,

Class

BA

1,855,848

Flagstar

Mortgage

Trust

1,495,801

2.500%, 

9/25/2041,

Ser.

2021-9INV,

Class

A1

a,c

1,308,434

GCAT

Trust

1,864,711

6.007%, 

1/25/2059,

Ser.

2024-NQM1,

Class

A1

a,b

1,859,706

1,741,751

1.855%, 

8/25/2066,

Ser.

2021-NQM6,

Class

A1

a,c

1,530,003

Limited

Maturity

Bond

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

173

Principal

Amount

Long-Term

Fixed

Income

(98.2%)

Value

Collateralized

Mortgage

Obligations

(10.3%)

-

continued

GS

Mortgage-Backed

Securities

Trust

$

314,706

1.791%, 

9/27/2060,

Ser.

2020-NQM1,

Class

A2

a,c

$

289,914

J.P.

Morgan

Alternative

Loan

Trust

564,291

4.953%, 

3/25/2036,

Ser.

2006-A1,

Class

2A1

c

430,005

LHOME

Mortgage

Trust

751,248

3.090%, 

6/25/2026,

Ser.

2021-RTL2,

Class

A1

a

749,290

763,126

2.363%, 

9/25/2026,

Ser.

2021-RTL3,

Class

A1

a,b

751,855

1,100,000

8.000%, 

6/25/2028,

Ser.

2023-RTL2,

Class

A1

a,b

1,117,267

1,250,000

7.628%, 

11/25/2028,

Ser.

2023-RTL4,

Class

A1

a,b

1,265,026

MFRA

Trust

2,010,128

3.875%, 

9/25/2056,

Ser.

2022-CHM1,

Class

A1

a,b

1,911,719

2,250,000

7.093%, 

2/25/2029,

Ser.

2024-RTL1,

Class

A1

a,b

2,250,714

Mortgage

Equity

Conversion

Asset

Trust

751,721

5.500%, 

(CMT

1Y

+

0.490%),

1/25/2042,

Ser.

2007-FF1,

Class

A

a,c

744,185

673,993

5.470%, 

(CMT

1Y

+

0.470%),

2/25/2042,

Ser.

2007-FF2,

Class

A

a,c

668,443

NYMT

Loan

Trust

1,000,000

7.154%, 

2/25/2029,

Ser.

2024-BPL1,

Class

A1

a,b

990,794

NYMT

Loan

Trust

I

1,214,291

2.239%, 

5/25/2026,

Ser.

2021-BPL1,

Class

A1

a,b

1,196,533

OBX

Trust

1,911,248

6.465%, 

10/25/2063,

Ser.

2023-NQM10,

Class

A1

a,b

1,922,983

Palisades

Mortgage

Loan

Trust

1,178,008

3.487%, 

6/25/2026,

Ser.

2021-RTL1,

Class

A1

a

1,178,008

Preston

Ridge

Partners

Mortgage

Trust,

LLC

2,217,961

4.000%, 

1/25/2054,

Ser.

2024-RCF1,

Class

A1

a,b

2,116,455

1,657,184

5.363%, 

11/25/2025,

Ser.

2020-6,

Class

A1

a,b

1,651,533

ROC

Securities

Trust

Series

2,676,029

3.487%, 

8/25/2026,

Ser.

2021-RTL1,

Class

A1

a,c

2,660,838

Starwood

Mortgage

Residential

Trust

1,709,000

2.731%, 

11/25/2066,

Ser.

2021-6,

Class

A2

a,c

1,158,484

Toorak

Mortgage

Corporation,

Ltd.

2,315,309

2.577%, 

2/25/2057,

Ser.

2022-INV1,

Class

A1

a,c

2,062,251

1,362,504

3.240%, 

6/25/2024,

Ser.

2021-1,

Class

A1

a

1,348,098

Toorak

Mortgage

Trust

2,750,000

6.597%, 

2/25/2039,

Ser.

2024-RRTL1,

Class

A1

a,b

2,762,011

Principal

Amount

Long-Term

Fixed

Income

(98.2%)

Value

Collateralized

Mortgage

Obligations

(10.3%)

-

continued

TRK

Trust

$

1,484,249

1.966%, 

11/25/2056,

Ser.

2021-INV2,

Class

A1

a,c

$

1,271,717

TVC

Mortgage

Trust

1,500,000

8.250%, 

11/25/2027,

Ser.

2023-RTL1,

Class

A1

a,b

1,500,982

Vericrest

Opportunity

Loan

Transferee

1,115,746

5.116%, 

3/27/2051,

Ser.

2021-NPL5,

Class

A1

a,b

1,091,608

Verus

Securitization

Trust

3,144,973

5.930%, 

3/25/2068,

Ser.

2023-3,

Class

A1

a,b

3,133,071

1,295,957

2.286%, 

11/25/2066,

Ser.

2021-8,

Class

A2

a,c

1,088,082

1,443,250

6.259%, 

12/25/2068,

Ser.

2023-8,

Class

A1

a,b

1,447,437

Wachovia

Mortgage

Loan

Trust,

LLC

28,708

5.937%, 

5/20/2036,

Ser.

2006-A,

Class

2A1

c

27,281

Total

77,799,408

Commercial

Mortgage-Backed

Securities

(0.2%)

Silver

Hill

Trust

1,728,005

3.102%, 

11/25/2049,

Ser.

2019-1,

Class

A1

a,c

1,645,371

Total

1,645,371

Communications

Services

(2.9%)

American

Tower

Corporation

1,000,000

4.400%, 

2/15/2026

982,522

500,000

1.450%, 

9/15/2026

455,715

1,200,000

5.500%, 

3/15/2028

1,210,049

Charter

Communications

Operating,

LLC/Charter

Communications

Operating

Capital

Corporation

2,100,000

4.908%, 

7/23/2025

2,074,443

500,000

6.150%, 

11/10/2026

503,916

Cox

Communications,

Inc.

517,000

3.150%, 

8/15/2024

a

511,709

Crown

Castle,

Inc.

740,000

4.800%, 

9/1/2028

725,556

Rogers

Communications,

Inc.

1,100,000

5.000%, 

2/15/2029

1,092,361

Sprint

Capital

Corporation

2,770,000

6.875%, 

11/15/2028

2,951,814

Sprint

Corporation

2,450,000

7.125%, 

6/15/2024

2,454,197

1,000,000

7.625%, 

2/15/2025

1,011,819

Take-Two

Interactive

Software,

Inc.

1,250,000

5.000%, 

3/28/2026

1,243,570

T-Mobile

USA,

Inc.

1,400,000

3.500%, 

4/15/2025

1,372,600

1,875,000

4.850%, 

1/15/2029

1,861,111

Warnermedia

Holdings,

Inc.

1,900,000

3.638%, 

3/15/2025

1,862,250

1,800,000

3.755%, 

3/15/2027

1,717,790

Total

22,031,422

Limited

Maturity

Bond

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

174

Principal

Amount

Long-Term

Fixed

Income

(98.2%)

Value

Consumer

Cyclical

(5.8%)

American

Honda

Finance

Corporation

$

1,100,000

4.900%, 

3/12/2027

$

1,097,821

1,200,000

5.650%, 

11/15/2028

1,236,576

D.R.

Horton,

Inc.

800,000

2.600%, 

10/15/2025

766,546

Daimler

Trucks

Finance

North

America,

LLC

1,100,000

5.600%, 

8/8/2025

a

1,100,653

Expedia

Group,

Inc.

3,150,000

6.250%, 

5/1/2025

a

3,163,774

Ford

Motor

Credit

Company,

LLC

1,100,000

3.375%, 

11/13/2025

1,058,277

1,125,000

5.800%, 

3/5/2027

1,129,160

1,500,000

5.113%, 

5/3/2029

1,456,237

General

Motors

Company

1,000,000

6.125%, 

10/1/2025

1,008,413

General

Motors

Financial

Company,

Inc.

1,420,000

2.900%, 

2/26/2025

1,385,202

925,000

2.750%, 

6/20/2025

893,882

550,000

5.400%, 

5/8/2027

551,439

1,500,000

5.800%, 

1/7/2029

1,526,424

Hyatt

Hotels

Corporation

1,650,000

5.750%, 

1/30/2027

1,675,675

Hyundai

Capital

America

1,140,000

1.800%, 

10/15/2025

a

1,077,464

750,000

6.250%, 

11/3/2025

a

757,669

750,000

1.650%, 

9/17/2026

a

685,992

1,100,000

5.300%, 

3/19/2027

a

1,100,199

Hyundai

Capital

Services,

Inc.

750,000

1.250%, 

2/8/2026

a

693,878

Kohl's

Corporation

2,286,000

10.750%, 

5/15/2025

2,366,010

Lennar

Corporation

1,100,000

4.750%, 

5/30/2025

1,090,435

Lowe's

Companies,

Inc.

2,000,000

4.000%, 

4/15/2025

1,972,787

1,000,000

4.400%, 

9/8/2025

987,735

Marriott

International,

Inc./MD

819,000

5.750%, 

5/1/2025

820,598

750,000

5.450%, 

9/15/2026

753,808

McDonald's

Corporation

700,000

4.800%, 

8/14/2028

702,021

Mercedes-Benz

Finance

North

America,

LLC

925,000

5.200%, 

8/3/2026

a

927,145

750,000

5.100%, 

8/3/2028

a

752,780

Meritage

Homes

Corporation

1,250,000

6.000%, 

6/1/2025

1,248,722

O'Reilly

Automotive,

Inc.

1,100,000

5.750%, 

11/20/2026

1,118,100

PACCAR

Financial

Corporation

825,000

4.600%, 

1/31/2029

819,500

PulteGroup,

Inc.

1,750,000

5.500%, 

3/1/2026

1,750,890

Starbucks

Corporation

1,100,000

4.850%, 

2/8/2027

1,097,949

Tapestry,

Inc.

370,000

7.050%, 

11/27/2025

377,613

370,000

7.000%, 

11/27/2026

381,220

Toyota

Motor

Credit

Corporation

750,000

4.650%, 

1/5/2029

745,409

Principal

Amount

Long-Term

Fixed

Income

(98.2%)

Value

Consumer

Cyclical

(5.8%)

-

continued

VICI

Properties,

LP/VICI

Note

Company,

Inc.

$

2,750,000

4.625%, 

6/15/2025

a

$

2,707,825

Volkswagen

Group

of

America

Finance,

LLC

1,100,000

5.300%, 

3/22/2027

a

1,102,282

Total

44,088,110

Consumer

Non-Cyclical

(6.1%)

AbbVie,

Inc.

1,675,000

4.800%, 

3/15/2027

1,676,730

Altria

Group,

Inc.

1,000,000

4.400%, 

2/14/2026

985,084

1,100,000

6.200%, 

11/1/2028

1,146,499

Amgen,

Inc.

825,000

5.150%, 

3/2/2028

830,289

AstraZeneca

Finance,

LLC

1,100,000

4.800%, 

2/26/2027

1,099,525

BAT

International

Finance

plc

2,500,000

1.668%, 

3/25/2026

2,326,900

1,100,000

5.931%, 

2/2/2029

1,129,069

Becton,

Dickinson

and

Company

1,250,000

4.693%, 

2/13/2028

1,237,294

Campbell

Soup

Company

370,000

5.300%, 

3/20/2026

370,278

CVS

Health

Corporation

900,000

5.000%, 

2/20/2026

896,857

General

Mills,

Inc.

1,100,000

5.500%, 

10/17/2028

1,122,555

GSK

Consumer

Healthcare

Capital

US,

LLC

1,100,000

3.375%, 

3/24/2027

1,052,673

HCA,

Inc.

1,250,000

5.875%, 

2/15/2026

1,255,340

Imperial

Brands

Finance

plc

1,750,000

3.125%, 

7/26/2024

a

1,734,775

JBS

USA

LUX

SA/JBS

USA

Food

Company/JBS

USA

Finance,

Inc.

2,000,000

2.500%, 

1/15/2027

1,843,562

Kenvue,

Inc.

915,000

5.050%, 

3/22/2028

924,832

Keurig

Dr

Pepper,

Inc.

1,500,000

5.100%, 

3/15/2027

1,502,206

Kraft

Heinz

Foods

Company

2,500,000

3.000%, 

6/1/2026

2,392,938

Mattel,

Inc.

2,000,000

3.375%, 

4/1/2026

a

1,912,752

McKesson

Corporation

1,500,000

0.900%, 

12/3/2025

1,395,592

Nestle

Holdings,

Inc.

1,475,000

5.000%, 

3/14/2028

a

1,492,736

Pfizer

Investment

Enterprises,

Private

Ltd.

1,940,000

4.450%, 

5/19/2026

1,919,837

1,100,000

4.450%, 

5/19/2028

1,084,349

Philip

Morris

International,

Inc.

1,350,000

0.875%, 

5/1/2026

1,239,561

750,000

4.750%, 

2/12/2027

745,833

900,000

4.875%, 

2/15/2028

897,520

375,000

4.875%, 

2/13/2029

372,611

Procter

&

Gamble

Company

1,100,000

4.350%, 

1/29/2029

1,097,733

Limited

Maturity

Bond

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

175

Principal

Amount

Long-Term

Fixed

Income

(98.2%)

Value

Consumer

Non-Cyclical

(6.1%)

-

continued

Royalty

Pharma

plc

$

2,675,000

1.200%, 

9/2/2025

$

2,517,816

Stryker

Corporation

2,500,000

3.500%, 

3/15/2026

2,424,143

Thermo

Fisher

Scientific,

Inc.

1,500,000

5.000%, 

12/5/2026

1,506,199

Universal

Health

Services,

Inc.

1,650,000

1.650%, 

9/1/2026

1,503,842

Utah

Acquisition

Sub,

Inc.

1,315,000

3.950%, 

6/15/2026

1,270,465

Zoetis,

Inc.

1,150,000

5.400%, 

11/14/2025

1,151,504

Total

46,059,899

Energy

(4.4%)

Apache

Corporation

1,100,000

4.375%, 

10/15/2028

1,039,801

BP

Capital

Markets

America,

Inc.

550,000

4.699%, 

4/10/2029

548,620

Canadian

Natural

Resources,

Ltd.

1,400,000

2.050%, 

7/15/2025

1,339,307

Cheniere

Corpus

Christi

Holdings,

LLC

1,391,000

5.875%, 

3/31/2025

1,391,400

Cheniere

Energy

Partners,

LP

2,500,000

4.500%, 

10/1/2029

2,379,367

Columbia

Pipelines

Holding

Company,

LLC

925,000

6.055%, 

8/15/2026

a

935,108

740,000

6.042%, 

8/15/2028

a

756,148

Continental

Resources,

Inc.

2,650,000

2.268%, 

11/15/2026

a

2,439,438

Devon

Energy

Corporation

1,150,000

5.850%, 

12/15/2025

1,156,242

Enbridge,

Inc.

1,100,000

5.900%, 

11/15/2026

1,120,434

Energy

Transfer,

LP

950,000

2.900%, 

5/15/2025

922,059

750,000

6.050%, 

12/1/2026

764,779

EQT

Corporation

277,000

6.125%, 

2/1/2025

277,330

Hess

Corporation

1,738,000

3.500%, 

7/15/2024

1,725,585

Marathon

Petroleum

Corporation

1,700,000

4.700%, 

5/1/2025

1,685,563

MPLX,

LP

1,500,000

4.875%, 

6/1/2025

1,487,446

1,100,000

1.750%, 

3/1/2026

1,028,273

National

Fuel

Gas

Company

750,000

5.200%, 

7/15/2025

746,010

1,370,000

5.500%, 

1/15/2026

1,367,882

Occidental

Petroleum

Corporation

1,500,000

5.875%, 

9/1/2025

1,504,695

ONEOK

Partners,

LP

721,000

4.900%, 

3/15/2025

715,681

ONEOK,

Inc.

500,000

5.550%, 

11/1/2026

504,576

500,000

5.650%, 

11/1/2028

511,102

Ovintiv,

Inc.

750,000

5.650%, 

5/15/2025

750,128

1,200,000

5.375%, 

1/1/2026

1,195,112

Phillips

66

Company

800,000

4.950%, 

12/1/2027

800,506

Principal

Amount

Long-Term

Fixed

Income

(98.2%)

Value

Energy

(4.4%)

-

continued

Pioneer

Natural

Resources

Company

$

1,700,000

1.125%, 

1/15/2026

$

1,582,069

Plains

All

American

Pipeline,

LP/

PAA

Finance

Corporation

750,000

4.650%, 

10/15/2025

739,814

Transcontinental

Gas

Pipe

Line

Company,

LLC

600,000

7.850%, 

2/1/2026

622,395

Western

Midstream

Operating,

LP

1,500,000

3.100%, 

2/1/2025

1,467,665

Total

33,504,535

Financials

(30.5%)

ABN

AMRO

Bank

NV

1,100,000

6.339%, 

9/18/2027

a,c

1,118,875

AerCap

Ireland

Capital

DAC/

AerCap

Global

Aviation

Trust

262,000

1.650%, 

10/29/2024

255,609

1,300,000

6.500%, 

7/15/2025

1,312,533

1,200,000

1.750%, 

1/30/2026

1,120,451

250,000

2.450%, 

10/29/2026

232,165

900,000

6.100%, 

1/15/2027

914,729

665,000

6.450%, 

4/15/2027

a

682,779

Air

Lease

Corporation

1,500,000

0.800%, 

8/18/2024

1,471,422

Aircastle,

Ltd.

2,100,000

5.250%, 

8/11/2025

a

2,081,442

Ally

Financial,

Inc.

3,000,000

5.750%, 

11/20/2025

f

2,978,395

American

Express

Company

1,250,000

5.098%, 

2/16/2028

c

1,248,071

Aon

North

America,

Inc.

1,100,000

5.125%, 

3/1/2027

1,106,586

Apollo

Debt

Solutions

BDC

370,000

6.900%, 

4/13/2029

a

373,512

Ares

Capital

Corporation

924,000

4.250%, 

3/1/2025

908,849

1,350,000

3.875%, 

1/15/2026

1,305,770

800,000

2.150%, 

7/15/2026

736,664

Australia

&

New

Zealand

Banking

Group,

Ltd.

1,890,000

2.950%, 

7/22/2030

a,c

1,816,069

Aviation

Capital

Group,

LLC

1,500,000

4.875%, 

10/1/2025

a

1,472,215

Avolon

Holdings

Funding,

Ltd.

2,000,000

3.950%, 

7/1/2024

a

1,988,422

1,644,000

5.500%, 

1/15/2026

a

1,626,927

1,000,000

2.125%, 

2/21/2026

a

931,606

450,000

4.250%, 

4/15/2026

a

434,305

Banco

Santander

Mexico

SA

320,000

5.375%, 

4/17/2025

a

318,772

Banco

Santander

SA

1,600,000

5.147%, 

8/18/2025

1,588,810

1,000,000

1.849%, 

3/25/2026

934,115

600,000

4.175%, 

3/24/2028

c

578,315

1,000,000

5.588%, 

8/8/2028

1,014,124

Bank

of

America

Corporation

1,250,000

0.976%, 

4/22/2025

c

1,246,287

1,500,000

3.841%, 

4/25/2025

c

1,497,938

1,125,000

0.981%, 

9/25/2025

c

1,098,936

1,900,000

2.456%, 

10/22/2025

c

1,865,859

850,000

3.384%, 

4/2/2026

c

831,358

Limited

Maturity

Bond

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

176

Principal

Amount

Long-Term

Fixed

Income

(98.2%)

Value

Financials

(30.5%)

-

continued

$

1,275,000

1.319%, 

6/19/2026

c

$

1,211,965

1,000,000

4.827%, 

7/22/2026

c

991,002

1,500,000

1.734%, 

7/22/2027

c

1,382,924

Bank

of

Montreal

1,115,000

5.266%, 

12/11/2026

1,119,935

Bank

of

New

York

Mellon

Corporation

700,000

4.700%, 

9/20/2025

c,g

686,863

1,000,000

4.414%, 

7/24/2026

c

987,865

750,000

6.317%, 

10/25/2029

c

791,424

Bank

of

New

Zealand

1,800,000

4.846%, 

2/7/2028

a

1,783,780

Bank

of

Nova

Scotia

935,000

4.900%, 

6/4/2025

c,g

920,061

Barclays

plc

1,100,000

6.496%, 

9/13/2027

c

1,122,107

500,000

2.279%, 

11/24/2027

c

459,818

550,000

5.674%, 

3/12/2028

c

551,956

BlackRock

Funding,

Inc.

550,000

4.700%, 

3/14/2029

550,360

Blackstone

Private

Credit

Fund

1,750,000

2.700%, 

1/15/2025

1,708,247

850,000

4.700%, 

3/24/2025

839,347

Blue

Owl

Capital

Corporation

II

750,000

8.450%, 

11/15/2026

a,f

772,487

Blue

Owl

Credit

Income

Corporation

650,000

4.700%, 

2/8/2027

616,633

Blue

Owl

Technology

Finance

Corporation

750,000

4.750%, 

12/15/2025

a

721,165

750,000

3.750%, 

6/17/2026

a

694,516

Blue

Owl

Technology

Finance

Corporation

II

1,025,000

6.750%, 

4/4/2029

a,e

1,012,285

BNP

Paribas

SA

960,000

2.819%, 

11/19/2025

a,c

941,472

1,300,000

1.323%, 

1/13/2027

a,c

1,208,403

850,000

5.176%, 

1/9/2030

a,c

850,061

BPCE

SA

950,000

2.375%, 

1/14/2025

a

924,913

750,000

5.975%, 

1/18/2027

a,c

751,935

Camden

Property

Trust

1,100,000

5.850%, 

11/3/2026

1,120,878

Canadian

Imperial

Bank

of

Commerce

1,300,000

5.144%, 

4/28/2025

1,295,839

1,250,000

3.945%, 

8/4/2025

1,227,636

1,100,000

5.926%, 

10/2/2026

1,121,097

Capital

One

Financial

Corporation

750,000

2.636%, 

3/3/2026

c

729,051

1,500,000

4.985%, 

7/24/2026

c

1,490,327

Centene

Corporation

2,000,000

4.250%, 

12/15/2027

1,906,959

1,200,000

4.625%, 

12/15/2029

1,139,255

Charles

Schwab

Corporation

400,000

5.375%, 

6/1/2025

c,g

397,232

1,250,000

4.000%, 

6/1/2026

c,g

1,169,467

1,100,000

5.875%, 

8/24/2026

1,118,334

Citigroup,

Inc.

500,000

4.000%, 

12/10/2025

c,g

479,373

1,000,000

3.290%, 

3/17/2026

c

977,277

925,000

3.106%, 

4/8/2026

c

901,586

1,150,000

1.122%, 

1/28/2027

c

1,063,597

Principal

Amount

Long-Term

Fixed

Income

(98.2%)

Value

Financials

(30.5%)

-

continued

$

650,000

5.174%, 

2/13/2030

c

$

646,967

Comerica,

Inc.

585,000

5.625%, 

7/1/2025

c,f,g

562,405

Cooperatieve

Rabobank

UA

1,625,000

1.339%, 

6/24/2026

a,c

1,543,355

COPT

Defense

Properties,

LP

450,000

2.250%, 

3/15/2026

423,109

Corebridge

Financial,

Inc.

1,000,000

3.650%, 

4/5/2027

954,366

Credit

Agricole

SA

1,000,000

6.875%, 

9/23/2024

a,c,g

998,266

750,000

1.247%, 

1/26/2027

a,c

695,049

1,500,000

5.134%, 

3/11/2027

a

1,500,983

725,000

6.316%, 

10/3/2029

a,c

751,622

Credit

Suisse

Group

AG

990,000

7.500%, 

12/11/2028

*,c,g,h

108,900

Danske

Bank

AS

1,000,000

0.976%, 

9/10/2025

a,c

977,752

500,000

6.466%, 

1/9/2026

a,c

501,815

Deutsche

Bank

AG

2,700,000

4.500%, 

4/1/2025

2,654,790

2,000,000

6.000%, 

10/30/2025

c,g

1,846,456

Deutsche

Bank

AG/New

York,

NY

1,200,000

3.700%, 

5/30/2024

1,195,053

1,100,000

2.129%, 

11/24/2026

c

1,037,312

Discover

Bank

1,250,000

2.450%, 

9/12/2024

1,231,475

1,285,000

5.974%, 

(USISOA05

+

1.730%),

8/9/2028

c

1,278,282

Elevance

Health,

Inc.

750,000

5.350%, 

10/15/2025

750,398

EPR

Properties

1,875,000

4.950%, 

4/15/2028

1,784,261

Fifth

Third

Bancorp

1,900,000

2.375%, 

1/28/2025

1,849,484

Fifth

Third

Bank

NA

200,000

3.850%, 

3/15/2026

192,605

First

Horizon

Bank

1,480,000

5.750%, 

5/1/2030

f

1,400,380

First-Citizens

Bank

&

Trust

Company

1,200,000

6.125%, 

3/9/2028

1,232,505

FS

KKR

Capital

Corporation

1,100,000

4.250%, 

2/14/2025

a

1,081,940

2,000,000

3.400%, 

1/15/2026

1,897,943

GA

Global

Funding

Trust

1,200,000

1.625%, 

1/15/2026

a

1,112,517

GATX

Corporation

750,000

5.400%, 

3/15/2027

755,130

Goldman

Sachs

Bank

USA/New

York,

NY

1,100,000

5.283%, 

3/18/2027

c

1,099,448

Goldman

Sachs

BDC,

Inc.

550,000

6.375%, 

3/11/2027

554,099

Goldman

Sachs

Group,

Inc.

272,000

4.250%, 

10/21/2025

266,887

1,700,000

0.855%, 

2/12/2026

c

1,628,390

1,250,000

3.615%, 

3/15/2028

c

1,195,668

1,100,000

4.482%, 

8/23/2028

c

1,075,398

1,100,000

6.484%, 

10/24/2029

c

1,157,332

HSBC

Holdings

plc

500,000

2.999%, 

3/10/2026

c

487,076

1,325,000

1.645%, 

4/18/2026

c

1,269,114

Limited

Maturity

Bond

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

177

Principal

Amount

Long-Term

Fixed

Income

(98.2%)

Value

Financials

(30.5%)

-

continued

$

1,000,000

1.589%, 

5/24/2027

c

$

920,171

HSBC

USA,

Inc.

750,000

5.294%, 

3/4/2027

754,361

Huntington

National

Bank

1,000,000

5.699%, 

11/18/2025

c

994,182

ING

Groep

NV

500,000

4.625%, 

1/6/2026

a

494,456

1,250,000

1.726%, 

4/1/2027

c

1,160,209

1,000,000

4.017%, 

3/28/2028

c

963,514

J.P.

Morgan

Chase

&

Company

1,500,000

0.969%, 

6/23/2025

c

1,482,579

750,000

1.561%, 

12/10/2025

c

729,172

800,000

2.005%, 

3/13/2026

c

773,412

900,000

2.083%, 

4/22/2026

c

867,206

1,000,000

3.650%, 

6/1/2026

c,g

949,737

2,500,000

1.045%, 

11/19/2026

c

2,330,986

725,000

1.040%, 

2/4/2027

c

670,956

800,000

4.851%, 

7/25/2028

c

793,254

J.P.

Morgan

Chase

Bank

NA

750,000

5.110%, 

12/8/2026

752,153

KeyBank

NA/Cleveland,

OH

500,000

4.700%, 

1/26/2026

488,345

KeyCorp

550,000

3.878%, 

5/23/2025

c

547,526

Kilroy

Realty,

LP

1,800,000

4.375%, 

10/1/2025

1,761,517

Lloyds

Banking

Group

plc

925,000

7.500%, 

6/27/2024

c,g

919,439

350,000

4.582%, 

12/10/2025

343,161

550,000

5.985%, 

8/7/2027

c

555,181

1,125,000

5.462%, 

1/5/2028

c

1,125,248

1,000,000

3.750%, 

3/18/2028

c

957,238

M&T

Bank

Corporation

750,000

3.500%, 

9/1/2026

c,g

575,258

Macquarie

Airfinance

Holdings,

Ltd.

360,000

6.400%, 

3/26/2029

a

365,695

Macquarie

Group,

Ltd.

1,250,000

1.201%, 

10/14/2025

a,c

1,218,805

Manufacturers

&

Traders

Trust

Company

1,000,000

5.400%, 

11/21/2025

990,993

1,000,000

4.650%, 

1/27/2026

978,233

MassMutual

Global

Funding

II

1,100,000

4.850%, 

1/17/2029

a

1,093,185

Met

Tower

Global

Funding

1,100,000

5.400%, 

6/20/2026

a

1,104,761

Metropolitan

Life

Global

Funding

I

1,100,000

5.400%, 

9/12/2028

a

1,113,924

Mitsubishi

UFJ

Financial

Group,

Inc.

875,000

2.193%, 

2/25/2025

849,400

2,000,000

0.953%, 

7/19/2025

c

1,970,370

800,000

5.063%, 

9/12/2025

c

797,257

Morgan

Stanley

750,000

2.720%, 

7/22/2025

c

742,425

1,300,000

0.864%, 

10/21/2025

c

1,264,186

1,750,000

5.000%, 

11/24/2025

1,739,181

500,000

4.679%, 

7/17/2026

c

494,613

1,000,000

6.138%, 

10/16/2026

c

1,011,437

1,000,000

0.985%, 

12/10/2026

c

926,465

2,000,000

5.164%, 

4/20/2029

c

1,998,386

465,000

5.449%, 

7/20/2029

c

469,078

Principal

Amount

Long-Term

Fixed

Income

(98.2%)

Value

Financials

(30.5%)

-

continued

NatWest

Group

plc

$

750,000

5.847%, 

3/2/2027

c

$

753,598

400,000

3.754%, 

11/1/2029

c

393,207

New

York

Life

Global

Funding

1,100,000

4.900%, 

6/13/2028

a

1,098,133

Nomura

Holdings,

Inc.

1,890,000

2.648%, 

1/16/2025

1,845,483

750,000

2.329%, 

1/22/2027

691,352

Nordea

Bank

Abp

1,700,000

1.500%, 

9/30/2026

a

1,551,208

Northwestern

Mutual

Global

Funding

1,100,000

4.900%, 

6/12/2028

a

1,093,723

Omega

Healthcare

Investors,

Inc.

380,000

4.950%, 

4/1/2024

380,000

800,000

4.500%, 

1/15/2025

791,197

1,000,000

5.250%, 

1/15/2026

993,485

Peachtree

Corners

Funding

Trust

1,375,000

3.976%, 

2/15/2025

a

1,348,903

PNC

Financial

Services

Group,

Inc.

750,000

5.671%, 

10/28/2025

c

749,861

1,500,000

3.400%, 

9/15/2026

c,g

1,311,060

1,000,000

4.758%, 

1/26/2027

c

990,646

750,000

6.615%, 

10/20/2027

c

772,169

925,000

5.582%, 

6/12/2029

c

936,267

Pricoa

Global

Funding

I

1,500,000

5.550%, 

8/28/2026

a

1,517,470

Principal

Life

Global

Funding

II

900,000

0.875%, 

1/12/2026

a

831,263

1,100,000

5.000%, 

1/16/2027

a

1,099,849

Realty

Income

Corporation

2,950,000

4.625%, 

11/1/2025

2,921,402

500,000

4.875%, 

6/1/2026

496,953

Regency

Centers,

LP

1,500,000

3.750%, 

6/15/2024

1,491,404

Regions

Financial

Corporation

1,285,000

2.250%, 

5/18/2025

1,235,488

Royal

Bank

of

Canada

1,100,000

5.200%, 

8/1/2028

1,110,953

750,000

4.950%, 

2/1/2029

f

751,795

Santander

Holdings

USA,

Inc.

350,000

3.450%, 

6/2/2025

340,222

750,000

2.490%, 

1/6/2028

c

681,609

Santander

UK

Group

Holdings

plc

925,000

1.532%, 

8/21/2026

c

871,287

Simon

Property

Group,

LP

1,250,000

3.300%, 

1/15/2026

1,208,208

Societe

Generale

SA

1,800,000

2.625%, 

10/16/2024

a

1,769,045

1,400,000

1.488%, 

12/14/2026

a,c

1,300,584

Standard

Chartered

plc

1,000,000

2.608%, 

1/12/2028

a,c

921,632

State

Street

Corporation

600,000

5.104%, 

5/18/2026

c

598,080

1,000,000

5.751%, 

11/4/2026

c

1,006,698

1,300,000

5.684%, 

11/21/2029

c

1,335,071

Sumitomo

Mitsui

Financial

Group,

Inc.

750,000

0.948%, 

1/12/2026

696,653

1,200,000

2.174%, 

1/14/2027

1,111,307

1,100,000

5.716%, 

9/14/2028

1,130,991

Limited

Maturity

Bond

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

178

Principal

Amount

Long-Term

Fixed

Income

(98.2%)

Value

Financials

(30.5%)

-

continued

Sumitomo

Mitsui

Trust

Bank,

Ltd.

$

1,100,000

5.650%, 

9/14/2026

a

$

1,110,296

Synchrony

Financial

1,485,000

4.250%, 

8/15/2024

1,475,423

1,920,000

4.500%, 

7/23/2025

1,881,407

Synovus

Bank

1,845,000

5.625%, 

2/15/2028

1,791,676

Toronto-Dominion

Bank

1,135,000

5.264%, 

12/11/2026

1,142,368

Truist

Financial

Corporation

675,000

4.950%, 

9/1/2025

c,g

662,231

650,000

4.260%, 

7/28/2026

c

639,431

1,100,000

1.267%, 

3/2/2027

c

1,016,956

U.S.

Bancorp

750,000

5.727%, 

10/21/2026

c

754,057

1,000,000

6.787%, 

10/26/2027

c

1,035,519

500,000

4.548%, 

7/22/2028

c

490,044

550,000

5.384%, 

1/23/2030

c

552,429

UBS

AG

2,756,000

5.125%, 

5/15/2024

2,749,110

UBS

Group

AG

800,000

4.490%, 

8/5/2025

a,c

796,021

3,350,000

1.305%, 

2/2/2027

a,c

3,092,473

1,100,000

6.327%, 

12/22/2027

a,c

1,123,706

1,300,000

5.428%, 

2/8/2030

a,c

1,301,927

USB

Realty

Corporation

95,000

6.723%, 

(TSFR3M

+

1.409%),

1/15/2027

a,c,g

73,116

Wells

Fargo

&

Company

3,200,000

2.406%, 

10/30/2025

c

3,139,044

1,000,000

3.908%, 

4/25/2026

c

981,458

500,000

4.540%, 

8/15/2026

c

493,615

850,000

3.526%, 

3/24/2028

c

809,021

1,100,000

5.574%, 

7/25/2029

c

1,113,037

Wells

Fargo

Bank

NA

1,025,000

5.254%, 

12/11/2026

1,028,985

Westpac

Banking

Corporation

940,000

2.894%, 

2/4/2030

c

914,430

Westpac

New

Zealand,

Ltd.

1,500,000

5.132%, 

2/26/2027

a,f

1,500,009

1,100,000

4.902%, 

2/15/2028

a

1,090,569

Total

230,454,143

Foreign

Government

(0.3%)

NBN

Company,

Ltd.

1,000,000

0.875%, 

10/8/2024

a

975,683

1,000,000

1.450%, 

5/5/2026

a

925,650

Total

1,901,333

Mortgage-Backed

Securities

(<0.1%)

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

55,147

5.764%, 

(RFUCCT1Y

+

1.514%),

1/1/2043

c

54,764

Total

54,764

Technology

(2.7%)

Cisco

Systems,

Inc.

375,000

4.850%, 

2/26/2029

377,768

Dell

International,

LLC/EMC

Corporation

1,750,000

5.850%, 

7/15/2025

1,758,819

Principal

Amount

Long-Term

Fixed

Income

(98.2%)

Value

Technology

(2.7%)

-

continued

Fiserv,

Inc.

$

1,100,000

5.150%, 

3/15/2027

$

1,104,154

1,100,000

5.450%, 

3/2/2028

1,112,858

Global

Payments,

Inc.

875,000

2.650%, 

2/15/2025

852,433

Hewlett

Packard

Enterprise

Company

725,000

5.900%, 

10/1/2024

726,084

Jabil,

Inc.

1,000,000

4.250%, 

5/15/2027

969,107

Microchip

Technology,

Inc.

350,000

5.050%, 

3/15/2029

350,053

NXP

BV/NXP

Funding,

LLC/NXP

USA,

Inc.

1,342,000

2.700%, 

5/1/2025

1,302,268

Oracle

Corporation

1,055,000

2.500%, 

4/1/2025

1,023,180

1,750,000

2.950%, 

5/15/2025

1,704,009

1,000,000

5.800%, 

11/10/2025

1,008,242

1,100,000

4.500%, 

5/6/2028

1,083,636

Panasonic

Corporation

1,000,000

2.679%, 

7/19/2024

a

990,658

Qorvo,

Inc.

2,300,000

4.375%, 

10/15/2029

2,155,798

Roper

Technologies,

Inc.

675,000

1.000%, 

9/15/2025

634,645

Seagate

HDD

Cayman

1,232,000

4.750%, 

1/1/2025

1,220,822

SK

Hynix,

Inc.

750,000

5.500%, 

1/16/2027

a

749,921

VeriSign,

Inc.

1,190,000

5.250%, 

4/1/2025

1,184,950

VMware,

LLC

350,000

1.400%, 

8/15/2026

319,640

Total

20,629,045

Transportation

(1.5%)

British

Airways

plc

174,079

4.625%, 

6/20/2024

a

173,664

Canadian

Pacific

Railway

Company

1,000,000

1.350%, 

12/2/2024

972,329

Continental

Airlines,

Inc.

1,570,411

4.150%, 

4/11/2024

1,569,113

Delta

Air

Lines,

Inc.

1,000,000

7.000%, 

5/1/2025

a

1,013,121

Delta

Air

Lines,

Inc./SkyMiles

IP,

Ltd.

1,254,167

4.500%, 

10/20/2025

a

1,241,412

ERAC

USA

Finance,

LLC

750,000

5.000%, 

2/15/2029

a

751,252

Mileage

Plus

Holdings,

LLC

650,000

6.500%, 

6/20/2027

a

653,585

Penske

Truck

Leasing

Company,

LP/PTL

Finance

Corporation

1,000,000

2.700%, 

11/1/2024

a

982,282

1,000,000

3.950%, 

3/10/2025

a

984,070

800,000

1.200%, 

11/15/2025

a

746,301

Southwest

Airlines

Company

350,000

5.250%, 

5/4/2025

348,604

Limited

Maturity

Bond

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

179

Principal

Amount

Long-Term

Fixed

Income

(98.2%)

Value

Transportation

(1.5%)

-

continued

TTX

Company

$

1,500,000

5.500%, 

9/25/2026

a

$

1,504,975

Total

10,940,708

U.S.

Government

&

Agencies

(7.0%)

U.S.

Treasury

Notes

40,775,000

3.500%, 

1/31/2028

39,582,013

10,730,000

4.000%, 

10/31/2029

10,603,000

2,660,000

3.500%, 

2/15/2033

2,519,207

Total

52,704,220

Utilities

(4.6%)

AES

Corporation

1,700,000

3.300%, 

7/15/2025

a

1,646,843

Ameren

Corporation

250,000

2.500%, 

9/15/2024

246,345

American

Electric

Power

Company,

Inc.

2,000,000

5.699%, 

8/15/2025

2,004,092

1,075,000

1.000%, 

11/1/2025

1,002,372

745,000

5.200%, 

1/15/2029

746,751

CenterPoint

Energy,

Inc.

900,000

5.250%, 

8/10/2026

901,531

Constellation

Energy

Generation,

LLC

1,100,000

5.600%, 

3/1/2028

1,120,485

Dominion

Energy,

Inc.

1,650,000

1.450%, 

4/15/2026

1,528,221

DTE

Energy

Company

750,000

4.220%, 

11/1/2024

743,077

950,000

5.100%, 

3/1/2029

946,169

Duke

Energy

Corporation

500,000

3.250%, 

1/15/2082

c

444,318

915,000

0.900%, 

9/15/2025

858,590

1,350,000

5.000%, 

12/8/2025

1,345,812

Enel

Finance

International

NV

1,000,000

6.800%, 

10/14/2025

a

1,019,976

Entergy

Corporation

870,000

0.900%, 

9/15/2025

815,487

Eversource

Energy

925,000

4.750%, 

5/15/2026

915,407

1,100,000

5.450%, 

3/1/2028

1,113,580

Exelon

Corporation

725,000

5.150%, 

3/15/2028

726,773

Georgia

Power

Company

1,100,000

5.004%, 

2/23/2027

1,101,322

1,100,000

4.650%, 

5/16/2028

1,089,013

Jersey

Central

Power

&

Light

Company

1,500,000

4.300%, 

1/15/2026

a

1,465,598

National

Rural

Utilities

Cooperative

Finance

Corporation

1,100,000

4.800%, 

3/15/2028

1,098,728

862,000

8.489%, 

(TSFR3M

+

3.172%),

4/30/2043

c

859,847

NextEra

Energy

Capital

Holdings,

Inc.

1,000,000

5.749%, 

9/1/2025

1,004,291

NiSource,

Inc.

920,000

0.950%, 

8/15/2025

865,772

Pacific

Gas

and

Electric

Company

1,100,000

5.550%, 

5/15/2029

1,109,605

Principal

Amount

Long-Term

Fixed

Income

(98.2%)

Value

Utilities

(4.6%)

-

continued

Sempra

$

1,750,000

3.300%, 

4/1/2025

$

1,712,118

Southern

California

Edison

Company

1,400,000

4.875%, 

2/1/2027

1,395,737

Southern

Company

900,000

4.000%, 

1/15/2051

c

865,226

750,000

3.750%, 

9/15/2051

c

701,101

Vistra

Operations

Company,

LLC

2,000,000

5.125%, 

5/13/2025

a

1,982,310

WEC

Energy

Group,

Inc.

1,100,000

5.600%, 

9/12/2026

1,112,713

Total

34,489,210

Total

Long-Term

Fixed

Income

(cost

$759,140,968)

742,211,680

Shares

Collateral

Held

for

Securities

Loaned

(

0.9%

)

Value

6,605,814

Thrivent

Cash

Management

Trust

6,605,814

Total

Collateral

Held

for

Securities

Loaned

(cost

$6,605,814)

6,605,814

Shares

Preferred

Stock

(

0.2%

)

Value

Financials

(0.2%)

66,000

Citigroup

Capital

XIII,

11.949%

c

1,945,020

Total

1,945,020

Total

Preferred

Stock

(cost

$1,821,600)

1,945,020

Shares

or

Principal

Amount

Short-Term

Investments

(

1.0%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

7,285,000

5.150%,

4/1/2024

i

7,280,807

Total

Short-Term

Investments

(cost

$7,281,874)

7,280,807

Total

Investments

(cost

$774,850,256)

100.3%

$758,043,321

Other

Assets

and

Liabilities,

Net

(0.3%)

(2,118,538)

Total

Net

Assets

100.0%

$755,924,783

a

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

March

28,

2024,

the

value

of

these

investments

was

$312,895,043

or

41.4%

of

total

net

assets.

b

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

March

28,

2024.

Limited

Maturity

Bond

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

180

c

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

March

28,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

d

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

e

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

f

All

or

a

portion

of

the

security

is

on

loan.

g

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

h

Defaulted

security.  Interest

is

not

being

accrued.

i

The

interest

rate

shown

reflects

the

yield.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Limited

Maturity

Bond

Portfolio

as

of

March

28,

2024

was

$108,900

or

0.01%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

March

28,

2024.

Security

Acquisition

Date

Cost

Credit

Suisse

Group

AG,

12/29/2049

12/4/2013

$

990,000

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Limited

Maturity

Bond

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

7,340,652

Total

lending

$7,340,652

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$6,605,814

Net

amounts

due

to

counterparty

$(734,838)

Definitions:

CLO

-

Collateralized

Loan

Obligation

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

plc

-

Public

Limited

Company

Ser.

-

Series

Reference

Rate

Index:

CMT

1Y

-

Constant

Maturity

Treasury

Yield

1

Year

LIBOR

1M

-

ICE

Libor

USD

Rate

1

Month

RFUCCT1Y

-

Refinitiv

USD

IBOR

Consumer

Cash

Fallbacks

Term

1

Year

SOFR30A

-

Secured

Overnight

Financing

Rate

30

Year

Average

TSFR1M

-

CME

Term

SOFR

1

Month

TSFR3M

-

CME

Term

SOFR

3

Month

USISOA05

-

USD

SOFR

Spread-Adjusted

ICE

Swap

Rate

5

Year

Limited

Maturity

Bond

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

181

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Limited

Maturity

Bond

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Asset-Backed

Securities

127,288,175

–

127,288,175

–

Basic

Materials

15,960,868

–

15,960,868

–

Capital

Goods

22,660,469

–

22,660,469

–

Collateralized

Mortgage

Obligations

77,799,408

–

77,799,408

–

Commercial

Mortgage-Backed

Securities

1,645,371

–

1,645,371

–

Communications

Services

22,031,422

–

22,031,422

–

Consumer

Cyclical

44,088,110

–

44,088,110

–

Consumer

Non-Cyclical

46,059,899

–

46,059,899

–

Energy

33,504,535

–

33,504,535

–

Financials

230,454,143

–

230,454,143

–

Foreign

Government

1,901,333

–

1,901,333

–

Mortgage-Backed

Securities

54,764

–

54,764

–

Technology

20,629,045

–

20,629,045

–

Transportation

10,940,708

–

10,940,708

–

U.S.

Government

&

Agencies

52,704,220

–

52,704,220

–

Utilities

34,489,210

–

34,489,210

–

Preferred

Stock

Financials

1,945,020

1,945,020

–

–

Short-Term

Investments

7,280,807

–

7,280,807

–

Subtotal

Investments

in

Securities

$

751,437,507

$1,945,020

$749,492,487

$–

Other

Investments  *

Total

Collateral

Held

for

Securities

Loaned

6,605,814

Subtotal

Other

Investments

$6,605,814

Total

Investments

at

Value

$758,043,321

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

for

the

Portfolio.

Thrivent

Cash

Management

Trust

is

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Limited

Maturity

Bond

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

$1,225

$9,419

$4,038

$6,606

6,606

0.9%

Total

Collateral

Held

for

Securities

Loaned

1,225

6,606

0.9

Total

Value

$1,225

$6,606

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

$–

$

–

$9

Total

Affiliated

Income

from

Securities

Loaned,

Net

$9

Total

Value

$–

$–

$

–

Low

Volatility

Equity

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

182

Shares

Common

Stock

(

98.2%

)

Value

Communications

Services

(9.9%)

234

Alphabet,

Inc.,

Class

C

a

$

35,629

23,018

AT&T,

Inc.

405,117

8,176

BCE,

Inc.

277,835

405,000

CITIC

Telecom

International

Holdings,

Ltd.

130,947

20,377

Deutsche

Telekom

AG

494,643

4,631

Electronic

Arts,

Inc.

614,395

5,400

KDDI

Corporation

159,660

177,452

Koninklijke

(Royal)

KPN

NV

663,745

361,700

Nippon

Telegraph

and

Telephone

Corporation

430,822

6,900

SoftBank

Corporation

88,837

705

Swisscom

AG

431,499

44,736

Telefonica

SA

197,566

241

T-Mobile

US,

Inc.

39,336

27,706

Verizon

Communications,

Inc.

1,162,544

Total

5,132,575

Consumer

Discretionary

(6.6%)

144

Bayerische

Motoren

Werke

AG

16,615

1,940

Dollarama,

Inc.

147,790

28,714

Europris

ASA

b

206,795

48,800

Heiwa

Corporation

638,200

477

Home

Depot,

Inc.

182,977

3,924

McDonald's

Corporation

1,106,372

195

Next

plc

22,730

538

O'Reilly

Automotive,

Inc.

a

607,337

346

Pandora

AS

55,846

12,600

Sekisui

House,

Ltd.

286,999

235

Ulta

Beauty,

Inc.

a

122,877

Total

3,394,538

Consumer

Staples

(13.6%)

10,701

Alimentation

Couche-Tard,

Inc.

610,752

1,160

Church

&

Dwight

Company,

Inc.

121,000

11,177

Coca-Cola

Company

683,809

1,551

Coles

Group,

Ltd.

17,122

11,090

Colgate-Palmolive

Company

998,655

2,439

Hershey

Company

474,386

3,500

Japan

Tobacco,

Inc.

93,317

3,684

Kimberly-Clark

Corporation

476,525

17,375

Koninklijke

Ahold

Delhaize

NV

519,893

3

Lindt

&

Spruengli

AG

35,906

752

Loblaw

Companies,

Ltd.

83,330

9,033

Metro,

Inc./CN

484,943

8,974

Mondelez

International,

Inc.

628,180

3,646

PepsiCo,

Inc.

638,086

2,388

Procter

&

Gamble

Company

387,453

197,700

Sheng

Siong

Group,

Ltd.

224,041

8,876

Walmart,

Inc.

534,069

Total

7,011,467

Energy

(2.5%)

1,940

Ampol,

Ltd.

50,324

90

Chevron

Corporation

14,197

167,400

Eneos

Holdings,

Inc.

806,508

257

Exxon

Mobil

Corporation

29,874

21,714

Galp

Energia

SGPS

SA

358,985

3,327

Repsol

SA

55,532

Total

1,315,420

Financials

(13.7%)

1,085

Aon

plc

362,086

1,118

Berkshire

Hathaway,

Inc.

a

470,141

6,728

Brown

&

Brown,

Inc.

588,969

Shares

Common

Stock

(98.2%)

Value

Financials

(13.7%)

-

continued

4,965

Cboe

Global

Markets,

Inc.

$

912,220

269

Chubb,

Ltd.

69,706

3,187

CME

Group,

Inc.

686,129

5,704

Hartford

Financial

Services

Group,

Inc.

587,797

1,750

Intercontinental

Exchange,

Inc.

240,503

74,700

Japan

Post

Holdings

Company,

Ltd.

752,612

4,951

Marsh

&

McLennan

Companies,

Inc.

1,019,807

211

Mastercard,

Inc.

101,611

26,700

Mizuho

Financial

Group,

Inc.

528,001

17,000

Sumitomo

Mitsui

Trust

Holdings,

Inc.

366,292

1,073

Tradeweb

Markets,

Inc.

111,775

880

Visa,

Inc.

245,590

Total

7,043,239

Health

Care

(17.1%)

341

Abbott

Laboratories

38,758

2,975

AbbVie,

Inc.

541,747

976

Amgen,

Inc.

277,496

110

Biogen,

Inc.

a

23,719

2,685

Boston

Scientific

Corporation

a

183,896

429

Eli

Lilly

&

Company

333,745

6,697

Galenica

AG

b

558,839

11,805

Gilead

Sciences,

Inc.

864,716

1,009

Incyte

Corporation

a

57,483

4,448

Johnson

&

Johnson

703,629

19,700

Kaken

Pharmaceutical

Company,

Ltd.

445,299

2,643

Laboratorios

Farmaceuticos

ROVI

SA

230,639

5,500

Medipal

Holdings

Corporation

84,169

1,250

Medtronic

plc

108,938

7,078

Merck

&

Company,

Inc.

933,942

7,910

Novartis

AG

766,150

3,898

Novo

Nordisk

AS

500,010

1,918

Pfizer,

Inc.

53,224

6,388

Recordati

SPA

352,732

275

Regeneron

Pharmaceuticals,

Inc.

a

264,685

11

Siegfried

Holding

AG

11,232

8,500

Takeda

Pharmaceutical

Company,

Ltd.

236,418

378

UCB

SA

46,663

1,071

UnitedHealth

Group,

Inc.

529,824

1,550

Vertex

Pharmaceuticals,

Inc.

a

647,916

Total

8,795,869

Industrials

(10.7%)

2,446

AMETEK,

Inc.

447,373

1,016

Automatic

Data

Processing,

Inc.

253,736

399

BAE

Systems

plc

6,801

7,500

CK

Hutchison

Holdings,

Ltd.

36,095

444,400

ComfortDelGro

Corporation,

Ltd.

460,676

845

Computershare,

Ltd.

14,393

3,200

COMSYS

Holdings

Corporation

74,990

9,902

CSX

Corporation

367,067

371

Dampskibsselskabet

Norden

AS

15,163

1,075

Eiffage

SA

122,005

5,091

Fastenal

Company

392,720

413

Honeywell

International,

Inc.

84,768

8,000

Jardine

Matheson

Holdings,

Ltd.

298,413

867

Lockheed

Martin

Corporation

394,372

493

Paychex,

Inc.

60,540

Low

Volatility

Equity

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

183

Shares

Common

Stock

(98.2%)

Value

Industrials

(10.7%)

-

continued

3,611

Republic

Services,

Inc.

$

691,290

1,995

Thomson

Reuters

Corporation

310,469

214

W.W.

Grainger,

Inc.

217,702

996

Waste

Connections,

Inc.

171,322

3,836

Waste

Management,

Inc.

817,643

1,751

Wolters

Kluwer

NV

274,190

Total

5,511,728

Information

Technology

(16.1%)

730

Accenture

plc

253,025

5,578

Akamai

Technologies,

Inc.

a

606,663

1,296

Amphenol

Corporation

149,494

753

Apple,

Inc.

129,124

838

Cadence

Design

Systems,

Inc.

a

260,853

21,900

Canon,

Inc.

652,512

2,014

Check

Point

Software

Technologies,

Ltd.

a

330,316

24,946

Cisco

Systems,

Inc.

1,245,055

35

Constellation

Software,

Inc./

Canada

95,604

865

International

Business

Machines

Corporation

165,180

3,706

Keysight

Technologies,

Inc.

a

579,544

1,186

Microsoft

Corporation

498,974

3,686

Motorola

Solutions,

Inc.

1,308,456

463

Roper

Industries,

Inc.

259,669

1,262

SAP

SE

245,736

2,944

TE

Connectivity,

Ltd.

427,587

2,593

Texas

Instruments,

Inc.

451,726

3,356

VeriSign,

Inc.

a

635,996

Total

8,295,514

Materials

(1.9%)

1,704

Barrick

Gold

Corporation

28,342

10,903

Buzzi

SPA

428,194

816

Franco-Nevada

Corporation

97,235

1,074

Heidelberg

Materials

AG

118,228

3,662

Holcim

AG

331,765

Total

1,003,764

Real

Estate

(0.2%)

1,500

Sun

Hung

Kai

Properties,

Ltd.

14,490

4,000

Swire

Pacific,

Ltd.

32,929

370

Swiss

Prime

Site

AG

34,901

Total

82,320

Utilities

(5.9%)

9,117

Alliant

Energy

Corporation

459,497

37,000

CLP

Holdings,

Ltd.

295,121

60

Consolidated

Edison,

Inc.

5,449

1,287

Dominion

Energy,

Inc.

63,308

8,643

Evergy,

Inc.

461,363

3,207

Eversource

Energy

191,682

62,955

Italgas

SPA

366,763

2,725

PNM

Resources,

Inc.

102,569

7,939

Portland

General

Electric

Company

333,438

75

Southern

Company

5,380

14,341

Xcel

Energy,

Inc.

770,829

Total

3,055,399

Total

Common

Stock

(cost

$43,945,315)

50,641,833

Shares

Short-Term

Investments

(

1.4%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

72,831

5.590%

$

728,309

Total

Short-Term

Investments

(cost

$728,309)

728,309

Total

Investments

(cost

$44,673,624)

99.6%

$51,370,142

Other

Assets

and

Liabilities,

Net

0.4%

217,844

Total

Net

Assets

100.0%

$51,587,986

a

Non-income

producing

security.

b

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

March

28,

2024,

the

value

of

these

investments

was

$765,634

or

1.5%

of

total

net

assets.

Definitions:

plc

-

Public

Limited

Company

Low

Volatility

Equity

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

184

Reference

Description:

MSCI

-

Morgan

Stanley

Capital

International

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Low

Volatility

Equity

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

5,132,575

2,257,021

2,875,554

–

Consumer

Discretionary

3,394,538

2,019,563

1,374,975

–

Consumer

Staples

7,011,467

4,942,163

2,069,304

–

Energy

1,315,420

44,071

1,271,349

–

Financials

7,043,239

5,396,334

1,646,905

–

Health

Care

8,795,869

5,563,718

3,232,151

–

Industrials

5,511,728

3,898,533

1,613,195

–

Information

Technology

8,295,514

7,301,662

993,852

–

Materials

1,003,764

97,235

906,529

–

Real

Estate

82,320

–

82,320

–

Utilities

3,055,399

2,393,515

661,884

–

Subtotal

Investments

in

Securities

$50,641,833

$33,913,815

$16,728,018

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

728,309

Subtotal

Other

Investments

$728,309

Total

Investments

at

Value

$51,370,142

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Low

Volatility

Equity

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

10,742

10,742

–

–

Total

Asset

Derivatives

$10,742

$10,742

$–

$–

The

following

table

presents

Low

Volatility

Equity

Portfolio's

futures

contracts

held

as

of

March

28,

2024.

Investments

and/or

cash

totaling

$93,963

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Amount

Value

and

Unrealized

Eurex

MSCI

World

Index

5

June

2024

$

534,559

$

10,742

Total

Futures

Long

Contracts

$

534,559

$

10,742

Total

Futures

Contracts

$

534,559

$10,742

Low

Volatility

Equity

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

185

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Low

Volatility

Equity

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$603

$2,417

$2,292

$728

73

1.4%

Total

Affiliated

Short-Term

Investments

603

728

1.4

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

371

1

372

–

–

–

Total

Collateral

Held

for

Securities

Loaned

371

–

–

Total

Value

$974

$728

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$–

$–

$

–

$10

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$10

Cash

Management

Trust-

Collateral

Investment

–

–

–

0

Total

Affiliated

Income

from

Securities

Loaned,

Net

$0

Total

Value

$–

$–

$

–

Mid

Cap

Growth

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

186

Shares

Common

Stock

(

97.4%

)

Value

Communications

Services

(3.2%)

25,774

Cargurus,

Inc.

a

$

594,864

28,798

Pinterest,

Inc.

a

998,427

14,534

Trade

Desk,

Inc.

a

1,270,562

Total

2,863,853

Consumer

Discretionary

(10.9%)

511

Chipotle

Mexican

Grill,

Inc.

a

1,485,359

1,163

Deckers

Outdoor

Corporation

a

1,094,685

6,349

Five

Below,

Inc.

a

1,151,582

2,664

Lululemon

Athletica,

Inc.

a

1,040,692

29,086

Mobileye

Global,

Inc.

a

935,115

166

NVR,

Inc.

a

1,344,593

2,765

Pool

Corporation

1,115,677

7,892

Skyline

Champion

Corporation

a

670,899

10,394

Wyndham

Hotels

&

Resorts,

Inc.

797,740

Total

9,636,342

Consumer

Staples

(3.6%)

3,193

Casey's

General

Stores,

Inc.

1,016,811

14,758

Celsius

Holdings,

Inc.

a

1,223,733

4,711

Lancaster

Colony

Corporation

978,145

Total

3,218,689

Energy

(2.1%)

10,785

Matador

Resources

Company

720,115

46,875

TechnipFMC

plc

1,177,031

Total

1,897,146

Financials

(8.7%)

3,438

Arthur

J.

Gallagher

&

Company

859,638

8,041

Houlihan

Lokey,

Inc.

1,030,776

4,976

Jack

Henry

&

Associates,

Inc.

864,480

2,295

Kinsale

Capital

Group,

Inc.

1,204,278

2,619

MSCI,

Inc.

1,467,819

9,611

Northern

Trust

Corporation

854,610

9,723

Tradeweb

Markets,

Inc.

1,012,845

6,542

Western

Alliance

Bancorp

419,931

Total

7,714,377

Health

Care

(18.1%)

3,219

Align

Technology,

Inc.

a

1,055,574

4,468

Arcellx,

Inc.

a

310,749

1,618

Argenx

SE

ADR

a

637,039

3,514

Ascendis

Pharma

AS

ADR

a

531,211

32,985

Avantor,

Inc.

a

843,426

17,312

Bio-Techne

Corporation

1,218,592

1,677

Chemed

Corporation

1,076,517

10,973

Dexcom,

Inc.

a

1,521,955

8,545

Edwards

Lifesciences

Corporation

a

816,560

3,686

ICON

plc

a

1,238,312

6,505

Immunocore

Holdings

plc

ADR

a

422,825

3,045

Inspire

Medical

Systems,

Inc.

a

654,036

7,851

Legend

Biotech

Corporation

ADR

a

440,363

13,200

Progyny,

Inc.

a

503,580

4,150

Repligen

Corporation

a

763,268

3,941

Sarepta

Therapeutics,

Inc.

a

510,202

3,470

Shockwave

Medical,

Inc.

a

1,129,936

7,132

Veeva

Systems,

Inc.

a

1,652,413

4,324

Zoetis,

Inc.

731,664

Total

16,058,222

Industrials

(19.6%)

9,376

Advanced

Drainage

Systems,

Inc.

1,614,922

9,359

ASGN,

Inc.

a

980,449

Shares

Common

Stock

(97.4%)

Value

Industrials

(19.6%)

-

continued

3,432

Carlisle

Companies,

Inc.

$

1,344,829

34,760

ExlService

Holdings,

Inc.

a

1,105,368

14,404

Fastenal

Company

1,111,125

31,054

Howmet

Aerospace,

Inc.

2,125,025

4,828

IDEX

Corporation

1,178,129

4,515

Middleby

Corporation

a

725,967

16,743

nVent

Electric

plc

1,262,422

5,308

Old

Dominion

Freight

Line,

Inc.

1,164,098

7,111

Regal

Rexnord

Corporation

1,280,691

2,559

Rockwell

Automation,

Inc.

745,513

1,427

Saia,

Inc.

a

834,795

13,799

TransUnion

1,101,160

1,938

Watsco,

Inc.

837,158

Total

17,411,651

Information

Technology

(25.7%)

13,360

Amphenol

Corporation

1,541,076

4,819

Arista

Networks,

Inc.

a

1,397,414

2,943

CyberArk

Software,

Ltd.

a

781,749

18,975

Dynatrace

Holdings,

LLC

a

881,199

2,949

Enphase

Energy,

Inc.

a

356,770

18,819

Gitlab,

Inc.

a

1,097,524

4,140

Globant

SA

a

835,866

10,628

Guidewire

Software,

Inc.

a

1,240,394

2,283

HubSpot,

Inc.

a

1,430,436

20,304

JFrog,

Ltd.

a

897,843

1,141

Lam

Research

Corporation

1,108,561

17,181

Lattice

Semiconductor

Corporation

a

1,344,070

2,347

MongoDB,

Inc.

a

841,728

2,106

Monolithic

Power

Systems,

Inc.

1,426,647

4,630

Palo

Alto

Networks,

Inc.

a

1,315,522

8,178

PTC,

Inc.

a

1,545,151

7,124

Sprout

Social,

Inc.

a

425,374

2,580

Synopsys,

Inc.

a

1,474,470

14,727

Trimble,

Inc.

a

947,830

3,160

Tyler

Technologies,

Inc.

a

1,343,032

3,330

Universal

Display

Corporation

560,938

Total

22,793,594

Materials

(2.4%)

2,026

Martin

Marietta

Materials,

Inc.

1,243,842

7,064

RPM

International,

Inc.

840,263

Total

2,084,105

Real

Estate

(3.1%)

6,069

CBRE

Group,

Inc.

a

590,149

14,148

CoStar

Group,

Inc.

a

1,366,697

3,554

SBA

Communications

Corporation

770,152

Total

2,726,998

Total

Common

Stock

(cost

$65,300,021)

86,404,977

Shares

Registered

Investment

Companies

(

1.3%

)

Value

U.S.

Unaffiliated  (1.3%)

6,773

Communication

Services

Select

Sector

SPDR

Fund

553,083

3,215

Industrial

Select

Sector

SPDR

Fund

404,962

Mid

Cap

Growth

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

187

Shares

Registered

Investment

Companies

(1.3%)

Value

U.S.

Unaffiliated  (1.3%)-

continued

1,511

SPDR

S&P

Oil

&

Gas

Exploration

ETF

b

$

234,099

Total

1,192,144

Total

Registered

Investment

Companies

(cost

$817,696)

1,192,144

Shares

Collateral

Held

for

Securities

Loaned

(

0.3%

)

Value

218,400

Thrivent

Cash

Management

Trust

218,400

Total

Collateral

Held

for

Securities

Loaned

(cost

$218,400)

218,400

Shares

Short-Term

Investments

(

1.2%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

106,292

5.590%

1,062,919

Total

Short-Term

Investments

(cost

$1,062,920)

1,062,919

Total

Investments

(cost

$67,399,037)

100.2%

$

88,878,440

Other

Assets

and

Liabilities,

Net

(0.2%)

(208,808)

Total

Net

Assets

100.0%

$88,669,632

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Mid

Cap

Growth

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Common

Stock

$

216,902

Total

lending

$216,902

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$218,400

Net

amounts

due

to

counterparty

$1,498

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

ETF

-

Exchange

Traded

Fund

plc

-

Public

Limited

Company

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Mid

Cap

Growth

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

2,863,853

2,863,853

–

–

Consumer

Discretionary

9,636,342

9,636,342

–

–

Consumer

Staples

3,218,689

3,218,689

–

–

Energy

1,897,146

1,897,146

–

–

Financials

7,714,377

7,714,377

–

–

Health

Care

16,058,222

16,058,222

–

–

Industrials

17,411,651

17,411,651

–

–

Information

Technology

22,793,594

22,793,594

–

–

Materials

2,084,105

2,084,105

–

–

Real

Estate

2,726,998

2,726,998

–

–

Registered

Investment

Companies

U.S.

Unaffiliated

1,192,144

1,192,144

–

–

Subtotal

Investments

in

Securities

$87,597,121

$87,597,121

$–

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

1,062,919

Collateral

Held

for

Securities

Loaned

218,400

Subtotal

Other

Investments

$1,281,319

Total

Investments

at

Value

$88,878,440

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Mid

Cap

Growth

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

188

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Mid

Cap

Growth

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$

932

$8,603

$8,472

$1,063

106

1.2%

Total

Affiliated

Short-Term

Investments

932

1,063

1.2

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

183

7,196

7,161

218

218

0.3

Total

Collateral

Held

for

Securities

Loaned

183

218

0.3

Total

Value

$1,115

$1,281

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$–

$–

$

–

$20

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$20

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

0

Total

Affiliated

Income

from

Securities

Loaned,

Net

$0

Total

Value

$–

$–

$

–

Mid

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

189

Shares

Common

Stock

(

99.9%

)

Value

Communications

Services

(1.4%)

1,140

Cable

One,

Inc.

$

482,368

55,435

Frontier

Communications

Parent,

Inc.

a

1,358,157

31,037

Iridium

Communications,

Inc.

811,928

41,004

New

York

Times

Company

1,772,193

8,078

Nexstar

Media

Group,

Inc.

1,391,759

49,360

TEGNA,

Inc.

737,438

15,012

TKO

Group

Holdings,

Inc.

1,297,187

11,524

Ziff

Davis,

Inc.

a

726,473

74,236

ZoomInfo

Technologies,

Inc.

a

1,190,003

Total

9,767,506

Consumer

Discretionary

(15.5%)

22,866

Adient

plc

a

752,749

65,770

Aramark

2,138,840

18,432

Autoliv,

Inc.

2,219,766

6,500

AutoNation,

Inc.

a

1,076,270

17,412

Boyd

Gaming

Corporation

1,172,176

17,244

Brunswick

Corporation

1,664,391

16,023

Burlington

Stores,

Inc.

a

3,720,380

29,211

Capri

Holdings,

Ltd.

a

1,323,258

9,228

Carter's,

Inc.

781,427

6,194

Choice

Hotels

International,

Inc.

b

782,612

17,011

Churchill

Downs,

Inc.

2,105,111

8,643

Columbia

Sportswear

Company

701,639

15,178

Crocs,

Inc.

a

2,182,596

14,578

Dick's

Sporting

Goods,

Inc.

3,278,009

13,831

Five

Below,

Inc.

a

2,508,667

26,706

Floor

&

Decor

Holdings,

Inc.

a

3,461,632

10,621

Fox

Factory

Holding

Corporation

a

553,036

67,312

GameStop

Corporation

a,b

842,746

53,899

Gap,

Inc.

1,484,918

58,453

Gentex

Corporation

2,111,322

71,057

Goodyear

Tire

&

Rubber

Company

a

975,613

897

Graham

Holdings

Company

688,609

7,407

Grand

Canyon

Education,

Inc.

a

1,008,908

34,964

H&R

Block,

Inc.

1,717,082

31,760

Harley-Davidson,

Inc.

1,389,182

5,951

Helen

of

Troy,

Ltd.

a

685,793

17,860

Hilton

Grand

Vacations,

Inc.

a

843,171

11,082

Hyatt

Hotels

Corporation

1,768,909

18,416

KB

Home

1,305,326

14,293

Lear

Corporation

2,070,770

33,430

Leggett

&

Platt,

Inc.

640,185

22,566

Light

&

Wonder,

Inc.

a

2,303,763

6,896

Lithia

Motors,

Inc.

2,074,731

68,682

Macy's,

Inc.

1,372,953

8,277

Marriott

Vacations

Worldwide

Corporation

891,681

88,519

Mattel,

Inc.

a

1,753,561

4,752

Murphy

USA,

Inc.

1,992,038

24,408

Nordstrom,

Inc.

494,750

15,435

Ollie's

Bargain

Outlet

Holdings,

Inc.

a

1,228,163

37,337

PENN

Entertainment,

Inc.

a

679,907

4,885

Penske

Automotive

Group,

Inc.

791,321

21,411

Planet

Fitness,

Inc.

a

1,340,971

13,303

Polaris,

Inc.

1,331,896

14,945

PVH

Corporation

2,101,416

3,835

RH

a

1,335,577

37,025

Service

Corporation

International

2,747,625

33,479

Skechers

USA,

Inc.

a

2,050,924

26,926

Taylor

Morrison

Home

Corporation

a

1,673,989

43,171

Tempur

Sealy

International,

Inc.

2,452,976

Shares

Common

Stock

(99.9%)

Value

Consumer

Discretionary

(15.5%)

-

continued

16,736

Texas

Roadhouse,

Inc.

$

2,585,210

13,363

Thor

Industries,

Inc.

1,568,014

26,135

Toll

Brothers,

Inc.

3,381,085

7,920

TopBuild

Corporation

a

3,490,582

18,148

Travel

+

Leisure

Company

888,526

47,313

Under

Armour,

Inc.,

Class

A

a

349,170

47,821

Under

Armour,

Inc.,

Class

C

a

341,442

9,514

Vail

Resorts,

Inc.

2,120,005

32,490

Valvoline,

Inc.

a

1,448,079

6,969

Visteon

Corporation

a

819,624

41,867

Wendy's

Company

788,774

13,783

Whirlpool

Corporation

1,648,860

16,075

Williams-Sonoma,

Inc.

5,104,295

7,371

Wingstop,

Inc.

2,700,734

20,790

Wyndham

Hotels

&

Resorts,

Inc.

1,595,633

21,765

YETI

Holdings,

Inc.

a

839,041

Total

106,242,409

Consumer

Staples

(4.7%)

32,823

BellRing

Brands,

Inc.

a

1,937,542

33,425

BJ's

Wholesale

Club

Holdings,

Inc.

a

2,528,601

2,358

Boston

Beer

Company,

Inc.

a

717,822

9,299

Casey's

General

Stores,

Inc.

2,961,267

37,157

Celsius

Holdings,

Inc.

a

3,081,058

1,174

Coca-Cola

Consolidated,

Inc.

993,685

94,218

Coty,

Inc.

a

1,126,847

39,978

Darling

Ingredients,

Inc.

a

1,859,377

13,910

e.l.f.

Beauty,

Inc.

a

2,726,777

48,145

Flowers

Foods,

Inc.

1,143,444

24,877

Grocery

Outlet

Holding

Corporation

a

715,960

16,339

Ingredion,

Inc.

1,909,212

5,103

Lancaster

Colony

Corporation

1,059,536

38,990

Performance

Food

Group

Company

a

2,910,214

10,088

Pilgrim's

Pride

Corporation

a

346,220

12,621

Post

Holdings,

Inc.

a

1,341,360

25,451

Sprouts

Farmers

Markets,

Inc.

a

1,641,081

56,681

US

Foods

Holding

Corporation

a

3,059,074

Total

32,059,077

Energy

(5.4%)

85,353

Antero

Midstream

Corporation

1,200,063

70,797

Antero

Resources

Corporation

a

2,053,113

47,889

ChampionX

Corporation

1,718,736

27,860

Chesapeake

Energy

Corporation

2,474,804

10,344

Chord

Energy

Corporation

1,843,715

21,504

Civitas

Resources,

Inc.

1,632,369

38,038

CNX

Resources

Corporation

a

902,261

24,301

DT

Midstream,

Inc.

1,484,791

108,574

Equitrans

Midstream

Corporation

1,356,089

39,093

HF

Sinclair

Corporation

2,360,044

27,765

Matador

Resources

Company

1,853,869

36,353

Murphy

Oil

Corporation

1,661,332

98,717

NOV,

Inc.

1,926,956

63,321

Ovintiv,

Inc.

3,286,360

27,255

PBF

Energy,

Inc.

1,569,070

115,346

Permian

Resources

Corporation

2,037,010

60,471

Range

Resources

Corporation

2,082,017

275,982

Southwestern

Energy

Company

a

2,091,944

15,710

Valaris,

Ltd.

a

1,182,335

18,122

Weatherford

International

plc

a

2,091,641

Total

36,808,519

Mid

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

190

Shares

Common

Stock

(99.9%)

Value

Financials

(16.2%)

8,472

Affiliated

Managers

Group,

Inc.

$

1,418,806

68,029

Ally

Financial,

Inc.

2,761,297

16,348

American

Financial

Group,

Inc.

2,231,175

125,319

Annaly

Capital

Management,

Inc.

2,467,531

37,274

Associated

Banc-Corp

801,764

26,367

Bank

OZK

1,198,644

16,090

Brighthouse

Financial,

Inc.

a

829,279

45,775

Cadence

Bank

1,327,475

54,249

Carlyle

Group,

Inc.

2,544,821

27,415

CNO

Financial

Group,

Inc.

753,364

52,271

Columbia

Banking

System,

Inc.

1,011,444

29,686

Commerce

Bancshares,

Inc.

1,579,295

16,089

Cullen/Frost

Bankers,

Inc.

1,811,139

35,317

East

West

Bancorp,

Inc.

2,793,928

78,631

Equitable

Holdings,

Inc.

2,988,764

6,250

Erie

Indemnity

Company

2,509,812

26,713

Essent

Group,

Ltd.

1,589,691

10,980

Euronet

Worldwide,

Inc.

a

1,207,031

8,686

Evercore,

Inc.

1,672,837

89,922

F.N.B.

Corporation

1,267,900

20,476

Federated

Hermes,

Inc.

739,593

64,792

Fidelity

National

Financial,

Inc.

3,440,455

25,857

First

American

Financial

Corporation

1,578,570

32,186

First

Financial

Bankshares,

Inc.

1,056,023

140,027

First

Horizon

Corporation

2,156,416

9,269

FirstCash

Holdings,

Inc.

1,182,168

27,787

Glacier

Bancorp,

Inc.

1,119,260

21,589

Hancock

Whitney

Corporation

993,958

8,971

Hanover

Insurance

Group,

Inc.

1,221,581

46,967

Home

BancShares,

Inc.

1,153,979

13,061

Houlihan

Lokey,

Inc.

1,674,290

26,818

Interactive

Brokers

Group,

Inc.

2,995,839

13,374

International

Bancshares

Corporation

750,816

33,211

Janus

Henderson

Group

plc

1,092,310

42,489

Jefferies

Financial

Group,

Inc.

1,873,765

15,152

Kemper

Corporation

938,212

5,517

Kinsale

Capital

Group,

Inc.

2,894,991

68,286

MGIC

Investment

Corporation

1,526,875

6,527

Morningstar,

Inc.

2,012,731

180,948

New

York

Community

Bancorp,

Inc.

b

582,653

73,339

Old

National

Bancorp

1,276,832

65,344

Old

Republic

International

Corporation

2,007,368

19,060

Pinnacle

Financial

Partners,

Inc.

1,636,873

8,779

Primerica,

Inc.

2,220,736

23,487

Prosperity

Bancshares,

Inc.

1,544,975

16,516

Reinsurance

Group

of

America,

Inc.

3,185,606

13,205

RenaissanceRe

Holdings,

Ltd.

3,103,571

10,065

RLI

Corporation

1,494,351

24,983

SEI

Investments

Company

1,796,278

15,197

Selective

Insurance

Group,

Inc.

1,659,056

55,207

SLM

Corporation

1,202,960

19,047

SouthState

Corporation

1,619,566

74,569

Starwood

Property

Trust,

Inc.

1,515,988

25,560

Stifel

Financial

Corporation

1,998,025

36,648

Synovus

Financial

Corporation

1,468,119

11,838

Texas

Capital

Bancshares,

Inc.

a

728,629

10,946

UMB

Financial

Corporation

952,192

33,734

United

Bankshares,

Inc.

1,207,340

45,558

Unum

Group

2,444,642

106,874

Valley

National

Bancorp

850,717

Shares

Common

Stock

(99.9%)

Value

Financials

(16.2%)

-

continued

25,812

Voya

Financial,

Inc.

$

1,908,023

43,108

Webster

Financial

Corporation

2,188,593

87,835

Western

Union

Company

1,227,933

10,710

WEX,

Inc.

a

2,543,946

15,346

Wintrust

Financial

Corporation

1,601,969

37,126

Zions

Bancorp

NA

1,611,268

Total

110,746,038

Health

Care

(7.9%)

23,109

Acadia

Healthcare

Company,

Inc.

a

1,830,695

8,178

Amedisys,

Inc.

a

753,684

31,048

Arrowhead

Research

Corporation

a

887,973

13,975

Azenta,

Inc.

a

842,413

23,239

Bruker

Corporation

2,183,072

3,775

Chemed

Corporation

2,423,286

24,572

Cytokinetics,

Inc.

a

1,722,743

30,614

Doximity,

Inc.

a

823,823

25,120

Encompass

Health

Corporation

2,074,410

12,450

Enovis

Corporation

a

777,502

42,978

Envista

Holdings

Corporation

a

918,870

75,980

Exelixis,

Inc.

a

1,803,005

28,910

Globus

Medical,

Inc.

a

1,550,732

12,727

Haemonetics

Corporation

a

1,086,249

33,103

Halozyme

Therapeutics,

Inc.

a

1,346,630

21,502

HealthEquity,

Inc.

a

1,755,208

17,044

Integra

LifeSciences

Holdings

Corporation

a

604,210

15,777

Jazz

Pharmaceuticals,

Inc.

a

1,899,866

17,163

Lantheus

Holdings,

Inc.

a

1,068,225

13,500

LivaNova

plc

a

755,190

11,123

Masimo

Corporation

a

1,633,413

5,844

Medpace

Holdings,

Inc.

a

2,361,853

49,376

Neogen

Corporation

a

779,153

24,936

Neurocrine

Biosciences,

Inc.

a

3,439,173

44,389

Option

Care

Health,

Inc.

a

1,488,807

9,672

Penumbra,

Inc.

a

2,158,597

33,958

Perrigo

Company

plc

1,093,108

20,894

Progyny,

Inc.

a

797,106

12,391

QuidelOrtho

Corporation

a

594,025

49,387

R1

RCM,

Inc.

a

636,105

13,012

Repligen

Corporation

a

2,393,167

84,614

Roivant

Sciences,

Ltd.

a

891,832

9,246

Shockwave

Medical,

Inc.

a

3,010,775

31,163

Sotera

Health

Company

a

374,268

25,449

Tenet

Healthcare

Corporation

a

2,674,944

11,777

United

Therapeutics

Corporation

a

2,705,412

Total

54,139,524

Industrials

(22.0%)

7,647

Acuity

Brands,

Inc.

2,054,978

17,117

Advanced

Drainage

Systems,

Inc.

2,948,232

34,087

AECOM

3,343,253

15,575

AGCO

Corporation

1,916,036

9,690

Applied

Industrial

Technologies,

Inc.

1,914,259

11,828

ASGN,

Inc.

a

1,239,101

4,629

Avis

Budget

Group,

Inc.

566,867

11,290

Brink's

Company

1,042,970

22,933

BWX

Technologies,

Inc.

2,353,384

5,585

CACI

International,

Inc.

a

2,115,766

12,169

Carlisle

Companies,

Inc.

4,768,423

10,522

Chart

Industries,

Inc.

a

1,733,184

12,605

Clean

Harbors,

Inc.

a

2,537,513

8,924

Comfort

Systems

USA,

Inc.

2,835,244

11,783

Concentrix

Corporation

780,270

Mid

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

191

Shares

Common

Stock

(99.9%)

Value

Industrials

(22.0%)

-

continued

42,747

Core

&

Main,

Inc.

a

$

2,447,266

12,244

Crane

Company

1,654,532

9,583

Curtiss-Wright

Corporation

2,452,673

30,106

Donaldson

Company,

Inc.

2,248,316

11,789

EMCOR

Group,

Inc.

4,128,508

10,128

EnerSys

956,691

14,198

ESAB

Corporation

1,569,873

41,329

ExlService

Holdings,

Inc.

a

1,314,262

12,686

Exponent,

Inc.

1,049,005

32,881

Flowserve

Corporation

1,502,004

42,696

Fluor

Corporation

a

1,805,187

31,599

Fortune

Brands

Innovations,

Inc.

2,675,487

8,727

FTI

Consulting,

Inc.

a

1,835,201

8,896

GATX

Corporation

1,192,331

41,382

Genpact,

Ltd.

1,363,537

42,298

Graco,

Inc.

3,953,171

29,810

GXO

Logistics,

Inc.

a

1,602,586

32,885

Hertz

Global

Holdings,

Inc.

a,b

257,490

21,147

Hexcel

Corporation

1,540,559

8,877

Insperity,

Inc.

973,008

20,574

ITT

Corporation

2,798,681

33,832

KBR,

Inc.

2,153,745

14,810

Kirby

Corporation

a

1,411,689

40,439

Knight-Swift

Transportation

Holdings,

Inc.

2,224,954

9,008

Landstar

System,

Inc.

1,736,382

8,025

Lennox

International,

Inc.

3,922,299

14,334

Lincoln

Electric

Holdings,

Inc.

3,661,477

12,231

ManpowerGroup,

Inc.

949,615

15,147

MasTec,

Inc.

a

1,412,458

15,294

Maximus,

Inc.

1,283,167

51,031

MDU

Resources

Group,

Inc.

1,285,981

13,433

Middleby

Corporation

a

2,159,892

9,260

MSA

Safety,

Inc.

1,792,643

11,448

MSC

Industrial

Direct

Company,

Inc.

1,110,914

41,577

nVent

Electric

plc

3,134,906

16,393

Oshkosh

Corporation

2,044,371

22,272

Owens

Corning,

Inc.

3,714,970

10,870

Paylocity

Holding

Corporation

a

1,868,118

7,265

RBC

Bearings,

Inc.

a

1,964,093

16,615

Regal

Rexnord

Corporation

2,992,361

11,107

Ryder

System,

Inc.

1,334,950

6,653

Saia,

Inc.

a

3,892,005

13,047

Science

Applications

International

Corporation

1,701,198

37,929

Sensata

Technologies

Holding

plc

1,393,511

10,694

Simpson

Manufacturing

Company,

Inc.

2,194,195

23,186

Stericycle,

Inc.

a

1,223,062

16,790

Terex

Corporation

1,081,276

13,398

Tetra

Tech,

Inc.

2,474,745

16,266

Timken

Company

1,422,136

26,162

Toro

Company

2,397,224

27,214

Trex

Company,

Inc.

a

2,714,597

15,490

UFP

Industries,

Inc.

1,905,425

5,235

Valmont

Industries,

Inc.

1,195,046

7,838

Watsco,

Inc.

3,385,781

6,858

Watts

Water

Technologies,

Inc.

1,457,668

15,899

Werner

Enterprises,

Inc.

621,969

11,008

WESCO

International,

Inc.

1,885,450

15,111

Woodward,

Inc.

2,328,907

29,098

XPO,

Inc.

a

3,550,829

Total

150,453,857

Shares

Common

Stock

(99.9%)

Value

Information

Technology

(9.2%)

17,907

Allegro

MicroSystems,

Inc.

a

$

482,773

25,867

Amkor

Technology,

Inc.

833,952

5,124

Appfolio,

Inc.

a

1,264,296

13,485

Arrow

Electronics,

Inc.

a

1,745,768

7,007

Aspen

Technology,

Inc.

a

1,494,453

22,645

Avnet,

Inc.

1,122,739

10,445

Belden,

Inc.

967,311

10,527

Blackbaud,

Inc.

a

780,472

36,339

Ciena

Corporation

a

1,796,964

13,516

Cirrus

Logic,

Inc.

a

1,251,041

43,138

Cognex

Corporation

1,829,914

33,098

Coherent

Corporation

a

2,006,401

10,942

CommVault

Systems,

Inc.

a

1,109,847

12,098

Crane

NXT

Company

748,866

14,909

Dolby

Laboratories,

Inc.

1,248,927

64,199

Dropbox,

Inc.

a

1,560,036

60,083

Dynatrace

Holdings,

LLC

a

2,790,255

35,290

GoDaddy,

Inc.

a

4,188,217

7,408

IPG

Photonics

Corporation

a

671,832

57,663

Kyndryl

Holdings,

Inc.

a

1,254,747

34,590

Lattice

Semiconductor

Corporation

a

2,705,976

6,241

Littelfuse,

Inc.

1,512,506

16,890

Lumentum

Holdings,

Inc.

a

799,741

13,725

MACOM

Technology

Solutions

Holdings,

Inc.

a

1,312,659

15,428

Manhattan

Associates,

Inc.

a

3,860,548

15,754

MKS

Instruments,

Inc.

2,095,282

8,974

Novanta,

Inc.

a

1,568,386

12,300

Onto

Innovation,

Inc.

a

2,227,284

14,248

Power

Integrations,

Inc.

1,019,444

74,431

Pure

Storage,

Inc.

a

3,869,668

9,218

Qualys,

Inc.

a

1,538,208

26,942

Rambus,

Inc.

a

1,665,285

7,993

Silicon

Laboratories,

Inc.

a

1,148,754

9,849

Synaptics,

Inc.

a

960,868

14,295

TD

SYNNEX

Corporation

1,616,764

24,508

Teradata

Corporation

a

947,724

10,918

Universal

Display

Corporation

1,839,137

31,635

Vishay

Intertechnology,

Inc.

717,482

38,674

Vontier

Corporation

1,754,253

31,525

Wolfspeed,

Inc.

a,b

929,987

Total

63,238,767

Materials

(7.1%)

44,725

Alcoa

Corporation

1,511,258

16,543

AptarGroup,

Inc.

2,380,372

258,376

Arcadium

Lithium

plc

a,b

1,113,601

12,554

Ashland,

Inc.

1,222,383

22,845

Avient

Corporation

991,473

55,152

Axalta

Coating

Systems,

Ltd.

a

1,896,677

29,044

Berry

Plastics

Group,

Inc.

1,756,581

13,891

Cabot

Corporation

1,280,750

37,198

Chemours

Company

976,820

124,870

Cleveland-Cliffs,

Inc.

a

2,839,544

29,167

Commercial

Metals

Company

1,714,145

29,997

Crown

Holdings,

Inc.

2,377,562

8,633

Eagle

Materials,

Inc.

2,346,018

76,696

Graphic

Packaging

Holding

Company

2,237,989

6,384

Greif,

Inc.

440,815

14,175

Knife

River

Corporation

a

1,149,309

16,084

Louisiana-Pacific

Corporation

1,349,608

36,094

MP

Materials

Corporation

a,b

516,144

1,730

NewMarket

Corporation

1,097,893

Mid

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

192

Shares

Common

Stock

(99.9%)

Value

Materials

(7.1%)

-

continued

30,122

Olin

Corporation

$

1,771,174

14,402

Reliance,

Inc.

4,812,860

16,462

Royal

Gold,

Inc.

2,005,236

32,295

RPM

International,

Inc.

3,841,490

10,513

Scotts

Miracle-Gro

Company

784,165

20,283

Silgan

Holdings,

Inc.

984,943

24,548

Sonoco

Products

Company

1,419,856

56,066

United

States

Steel

Corporation

2,286,372

8,028

Westlake

Corporation

1,226,678

Total

48,331,716

Real

Estate

(7.1%)

25,141

Agree

Realty

Corporation

1,436,054

79,703

American

Homes

4

Rent

2,931,476

36,207

Apartment

Income

REIT

Corporation

1,175,641

75,329

Brixmor

Property

Group,

Inc.

1,766,465

28,118

COPT

Defense

Properties

679,612

38,034

Cousins

Properties,

Inc.

914,337

56,350

CubeSmart

2,548,147

11,954

EastGroup

Properties,

Inc.

2,148,971

18,877

EPR

Properties

801,329

46,718

Equity

Lifestyle

Properties,

Inc.

3,008,639

33,148

First

Industrial

Realty

Trust,

Inc.

1,741,596

66,914

Gaming

and

Leisure

Properties,

Inc.

3,082,728

95,446

Healthcare

Realty

Trust,

Inc.

1,350,561

56,241

Independence

Realty

Trust,

Inc.

907,167

11,922

Jones

Lang

LaSalle,

Inc.

a

2,325,863

26,755

Kilroy

Realty

Corporation

974,685

54,978

Kite

Realty

Group

Trust

1,191,923

21,947

Lamar

Advertising

Company

2,620,691

19,357

National

Storage

Affiliates

Trust

758,020

45,728

NNN

REIT,

Inc.

1,954,415

61,467

Omega

Healthcare

Investors,

Inc.

1,946,660

52,622

Park

Hotels

&

Resorts,

Inc.

920,359

19,889

PotlatchDeltic

Corporation

935,181

34,186

Rayonier,

Inc.

REIT

1,136,343

52,813

Rexford

Industrial

Realty,

Inc.

2,656,494

57,943

Sabra

Health

Care

REIT,

Inc.

855,818

45,501

STAG

Industrial,

Inc.

1,749,058

40,063

Vornado

Realty

Trust

1,152,612

54,799

WP

Carey,

Inc.

3,092,856

Total

48,763,701

Utilities

(3.4%)

14,404

ALLETE,

Inc.

859,055

17,039

Black

Hills

Corporation

930,329

63,009

Essential

Utilities,

Inc.

2,334,483

12,684

IDACORP,

Inc.

1,178,217

23,087

National

Fuel

Gas

Company

1,240,234

24,635

New

Jersey

Resources

Corporation

1,057,088

15,347

Northwestern

Energy

Group,

Inc.

781,623

50,191

OGE

Energy

Corporation

1,721,551

13,897

ONE

Gas,

Inc.

896,773

13,461

Ormat

Technologies,

Inc.

890,984

21,510

PNM

Resources,

Inc.

809,636

25,341

Portland

General

Electric

Company

1,064,322

15,055

Southwest

Gas

Holdings,

Inc.

1,146,137

13,779

Spire,

Inc.

845,617

52,513

UGI

Corporation

1,288,669

Shares

Common

Stock

(99.9%)

Value

Utilities

(3.4%)

-

continued

84,226

Vistra

Energy

Corporation

$

5,866,341

Total

22,911,059

Total

Common

Stock

(cost

$459,752,955)

683,462,173

Shares

Collateral

Held

for

Securities

Loaned

(

0.9%

)

Value

5,731,045

Thrivent

Cash

Management

Trust

5,731,045

Total

Collateral

Held

for

Securities

Loaned

(cost

$5,731,045)

5,731,045

Shares

or

Principal

Amount

Short-Term

Investments

(

0.1%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

100,000

5.205%,

4/12/2024

c,d

99,784

300,000

5.240%,

5/22/2024

c,d

297,608

Thrivent

Core

Short-Term

Reserve

Fund

50,475

5.590%

504,748

Total

Short-Term

Investments

(cost

$902,188)

902,140

Total

Investments

(cost

$466,386,188)

100.9%

$690,095,358

Other

Assets

and

Liabilities,

Net

(0.9%)

(

5,960,156)

Total

Net

Assets

100.0%

$684,135,202

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

c

The

interest

rate

shown

reflects

the

yield.

d

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Mid

Cap

Index

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Common

Stock

$

4,754,978

Total

lending

$4,754,978

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$5,731,045

Net

amounts

due

to

counterparty

$976,067

Definitions:

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Mid

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

193

Reference

Description:

CME

-

Chicago

Mercantile

Exchange

S&P

-

Standard

&

Poor's

I

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Mid

Cap

Index

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

9,767,506

9,767,506

–

–

Consumer

Discretionary

106,242,409

106,242,409

–

–

Consumer

Staples

32,059,077

32,059,077

–

–

Energy

36,808,519

36,808,519

–

–

Financials

110,746,038

110,746,038

–

–

Health

Care

54,139,524

54,139,524

–

–

Industrials

150,453,857

150,453,857

–

–

Information

Technology

63,238,767

63,238,767

–

–

Materials

48,331,716

48,331,716

–

–

Real

Estate

48,763,701

48,763,701

–

–

Utilities

22,911,059

22,911,059

–

–

Short-Term

Investments

397,392

–

397,392

–

Subtotal

Investments

in

Securities

$683,859,565

$683,462,173

$397,392

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

504,748

Collateral

Held

for

Securities

Loaned

5,731,045

Subtotal

Other

Investments

$6,235,793

Total

Investments

at

Value

$690,095,358

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Mid

Cap

Index

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

30,232

30,232

–

–

Total

Asset

Derivatives

$30,232

$30,232

$–

$–

The

following

table

presents

Mid

Cap

Index

Portfolio's

futures

contracts

held

as

of

March

28,

2024.

Investments

and/or

cash

totaling

$397,392

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Amount

Value

and

Unrealized

CME

E-mini

S&P

Mid-Cap

400

Index

3

June

2024

$

892,988

$

30,232

Total

Futures

Long

Contracts

$

892,988

$

30,232

Total

Futures

Contracts

$

892,988

$30,232

Mid

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

194

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Mid

Cap

Index

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$

4,339

$11,330

$15,164

$505

50

0.1%

Total

Affiliated

Short-Term

Investments

4,339

505

0.1

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

3,129

14,737

12,135

5,731

5,731

0.9

Total

Collateral

Held

for

Securities

Loaned

3,129

5,731

0.9

Total

Value

$7,468

$6,236

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$–

$–

$

–

$33

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$33

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

5

Total

Affiliated

Income

from

Securities

Loaned,

Net

$5

Total

Value

$–

$–

$

–

Mid

Cap

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

195

Shares

Common

Stock

(

96.6%

)

Value

Consumer

Discretionary

(13.5%)

13,743

Chipotle

Mexican

Grill,

Inc.

a

$

39,947,740

300,762

Crocs,

Inc.

a

43,249,576

268,007

Garmin,

Ltd.

39,898,202

59,501

Lululemon

Athletica,

Inc.

a

23,244,066

1,588,063

Mobileye

Global,

Inc.

a

51,056,225

12,503

NVR,

Inc.

a

101,273,800

609,677

Skyline

Champion

Corporation

a

51,828,642

Total

350,498,251

Consumer

Staples

(4.0%)

388,588

BJ's

Wholesale

Club

Holdings,

Inc.

a

29,396,682

88,796

Casey's

General

Stores,

Inc.

28,277,086

786,445

Tyson

Foods,

Inc.

46,187,915

Total

103,861,683

Energy

(4.8%)

652,140

Chesapeake

Energy

Corporation

57,929,596

766,421

Devon

Energy

Corporation

38,459,006

1,469,209

NOV,

Inc.

28,678,960

Total

125,067,562

Financials

(15.6%)

1,103,232

Ally

Financial,

Inc.

44,780,187

102,113

Ameriprise

Financial,

Inc.

44,770,424

614,318

Arch

Capital

Group,

Ltd.

a

56,787,556

153,486

Kinsale

Capital

Group,

Inc.

80,540,244

421,016

Northern

Trust

Corporation

37,436,743

982,201

Radian

Group,

Inc.

32,874,267

296,962

Tradeweb

Markets,

Inc.

30,934,531

578,028

Western

Alliance

Bancorp

37,103,617

861,279

Zions

Bancorp

NA

37,379,509

Total

402,607,078

Health

Care

(10.7%)

187,163

Align

Technology,

Inc.

a

61,374,491

643,383

Centene

Corporation

a

50,492,698

178,923

Charles

River

Laboratories

International,

Inc.

a

48,479,187

408,891

Edwards

Lifesciences

Corporation

a

39,073,624

177,685

Masimo

Corporation

a

26,093,042

761,737

Option

Care

Health,

Inc.

a

25,548,659

190,234

Sarepta

Therapeutics,

Inc.

a

24,627,693

Total

275,689,394

Industrials

(20.7%)

414,140

Advanced

Drainage

Systems,

Inc.

71,331,474

91,180

Axon

Enterprise,

Inc.

a

28,528,398

258,805

Expeditors

International

of

Washington,

Inc.

31,462,924

651,884

Fastenal

Company

50,286,332

842,082

Howmet

Aerospace,

Inc.

57,623,671

154,225

Lincoln

Electric

Holdings,

Inc.

39,395,234

195,056

Old

Dominion

Freight

Line,

Inc.

42,777,731

212,404

Quanta

Services,

Inc.

55,182,559

86,111

Rockwell

Automation,

Inc.

25,086,718

614,744

Timken

Company

53,747,068

109,281

United

Rentals,

Inc.

78,803,622

Total

534,225,731

Information

Technology

(10.9%)

679,979

Ciena

Corporation

a

33,624,962

1,597,005

Dropbox,

Inc.

a

38,807,221

224,061

Enphase

Energy,

Inc.

a

27,106,900

Shares

Common

Stock

(96.6%)

Value

Information

Technology

(10.9%)

-

continued

241,611

NICE,

Ltd.

ADR

a

$

62,968,659

343,125

ON

Semiconductor

Corporation

a

25,236,844

1,104,895

Trimble,

Inc.

a

71,111,042

513,708

Varonis

Systems,

Inc.

a

24,231,606

Total

283,087,234

Materials

(7.2%)

215,969

Albemarle

Corporation

b

28,451,756

1,028,665

Ball

Corporation

69,290,874

592,122

Steel

Dynamics,

Inc.

87,770,244

Total

185,512,874

Real

Estate

(4.6%)

335,776

Alexandria

Real

Estate

Equities,

Inc.

43,284,884

151,835

Extra

Space

Storage,

Inc.

22,319,745

244,065

SBA

Communications

Corporation

52,888,886

Total

118,493,515

Utilities

(4.6%)

779,431

Alliant

Energy

Corporation

39,283,322

1,346,224

CenterPoint

Energy,

Inc.

38,353,922

1,484,411

NiSource,

Inc.

41,058,808

Total

118,696,052

Total

Common

Stock

(cost

$1,646,489,037)

2,497,739,374

Shares

Collateral

Held

for

Securities

Loaned

(

0.2%

)

Value

5,924,075

Thrivent

Cash

Management

Trust

5,924,075

Total

Collateral

Held

for

Securities

Loaned

(cost

$5,924,075)

5,924,075

Shares

Short-Term

Investments

(

3.3%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

8,543,545

5.590%

85,435,450

Total

Short-Term

Investments

(cost

$85,417,088)

85,435,450

Total

Investments

(cost

$1,737,830,200)

100.1%

$2,589,098,899

Other

Assets

and

Liabilities,

Net

(0.1%)

(3,841,634)

Total

Net

Assets

100.0%

$2,585,257,265

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Mid

Cap

Stock

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Common

Stock

$

5,934,887

Total

lending

$5,934,887

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$5,924,075

Net

amounts

due

to

counterparty

$(10,812)

Mid

Cap

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

196

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Mid

Cap

Stock

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Consumer

Discretionary

350,498,251

350,498,251

–

–

Consumer

Staples

103,861,683

103,861,683

–

–

Energy

125,067,562

125,067,562

–

–

Financials

402,607,078

402,607,078

–

–

Health

Care

275,689,394

275,689,394

–

–

Industrials

534,225,731

534,225,731

–

–

Information

Technology

283,087,234

283,087,234

–

–

Materials

185,512,874

185,512,874

–

–

Real

Estate

118,493,515

118,493,515

–

–

Utilities

118,696,052

118,696,052

–

–

Subtotal

Investments

in

Securities

$2,497,739,374

$2,497,739,374

$–

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

85,435,450

Collateral

Held

for

Securities

Loaned

5,924,075

Subtotal

Other

Investments

$91,359,525

Total

Investments

at

Value

$2,589,098,899

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Mid

Cap

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

197

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Mid

Cap

Stock

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$

55,087

$106,869

$76,521

$85,435

8,544

3.3%

Total

Affiliated

Short-Term

Investments

55,087

85,435

3.3

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

4,084

99,233

97,393

5,924

5,924

0.2

Total

Collateral

Held

for

Securities

Loaned

4,084

5,924

0.2

Total

Value

$59,171

$91,359

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$–

$–

$

–

$970

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$970

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

8

Total

Affiliated

Income

from

Securities

Loaned,

Net

$8

Total

Value

$–

$–

$

–

Mid

Cap

Value

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

198

Shares

Common

Stock

(

98.9%

)

Value

Communications

Services

(2.3%)

49,333

Imax

Corporation

a

$

797,714

45,371

Warner

Brothers

Discovery,

Inc.

a

396,089

Total

1,193,803

Consumer

Discretionary

(10.4%)

9,668

Cedar

Fair,

LP

405,089

20,682

Cheesecake

Factory,

Inc.

747,654

4,444

D.R.

Horton,

Inc.

731,260

7,468

Lear

Corporation

1,081,964

12,401

PUMA

SE

561,225

4,914

Signet

Jewelers,

Ltd.

491,744

16,073

Six

Flags

Entertainment

Corporation

a

423,041

10,199

Tapestry,

Inc.

484,249

13,396

Yum

China

Holding,

Inc.

533,027

Total

5,459,253

Consumer

Staples

(6.1%)

5,584

Dollar

Tree,

Inc.

a

743,510

5,162

J

&

J

Snack

Foods

Corporation

746,219

3,872

J.M.

Smucker

Company

487,369

5,052

Lamb

Weston

Holdings,

Inc.

538,189

8,490

Sysco

Corporation

689,218

Total

3,204,505

Energy

(8.4%)

9,417

Chesapeake

Energy

Corporation

836,512

33,630

Coterra

Energy,

Inc.

937,604

17,045

Devon

Energy

Corporation

855,318

22,691

Enterprise

Products

Partners,

LP

662,123

8,541

Helmerich

&

Payne,

Inc.

359,234

2,219

Marathon

Petroleum

Corporation

447,129

6,701

Noble

Corporation

plc

324,932

Total

4,422,852

Financials

(19.7%)

6,362

Allstate

Corporation

1,100,690

6,014

Capital

One

Financial

Corporation

895,424

26,527

Carlyle

Group,

Inc.

1,244,382

3,446

Cboe

Global

Markets,

Inc.

633,134

10,726

Comerica,

Inc.

589,823

19,253

Equitable

Holdings,

Inc.

731,806

3,904

M&T

Bank

Corporation

567,798

5,284

Raymond

James

Financial,

Inc.

678,571

7,499

Selective

Insurance

Group,

Inc.

818,666

13,163

Texas

Capital

Bancshares,

Inc.

a

810,183

24,152

U.S.

Bancorp

1,079,594

5,465

Voya

Financial,

Inc.

403,973

7,598

Wintrust

Financial

Corporation

793,155

Total

10,347,199

Health

Care

(8.9%)

33,215

Avantor,

Inc.

a

849,308

20,140

Baxter

International,

Inc.

860,784

4,185

Cardinal

Health,

Inc.

468,301

2,353

Humana,

Inc.

815,832

4,465

Laboratory

Corporation

of

America

Holdings

975,424

3,849

Universal

Health

Services,

Inc.

702,288

Total

4,671,937

Industrials

(17.7%)

5,753

AGCO

Corporation

707,734

20,918

Barnes

Group,

Inc.

777,104

Shares

Common

Stock

(98.9%)

Value

Industrials

(17.7%)

-

continued

3,556

Booz

Allen

Hamilton

Holding

Corporation

$

527,853

1,463

Carlisle

Companies,

Inc.

573,276

31,402

Flowserve

Corporation

1,434,443

3,930

General

Dynamics

Corporation

1,110,186

11,783

Hexcel

Corporation

858,391

3,717

JB

Hunt

Transport

Services,

Inc.

740,612

10,555

MSC

Industrial

Direct

Company,

Inc.

1,024,257

22,203

Southwest

Airlines

Company

648,106

23,530

Werner

Enterprises,

Inc.

920,494

Total

9,322,456

Information

Technology

(7.5%)

6,621

CommVault

Systems,

Inc.

a

671,568

3,456

Jabil,

Inc.

462,931

30,175

Knowles

Corporation

a

485,818

8,514

MKS

Instruments,

Inc.

1,132,362

2,397

PTC,

Inc.

a

452,889

10,702

Western

Digital

Corporation

a

730,304

Total

3,935,872

Materials

(7.5%)

20,075

Alcoa

Corporation

678,334

16,592

Axalta

Coating

Systems,

Ltd.

a

570,599

14,392

Berry

Plastics

Group,

Inc.

870,428

6,121

Celanese

Corporation

1,051,955

9,424

CF

Industries

Holdings,

Inc.

784,171

Total

3,955,487

Real

Estate

(5.4%)

2,571

AvalonBay

Communities,

Inc.

477,075

4,141

CBRE

Group,

Inc.

a

402,671

5,591

Crown

Castle,

Inc.

591,696

51,773

Healthcare

Realty

Trust,

Inc.

732,588

4,005

Simon

Property

Group,

Inc.

626,742

Total

2,830,772

Utilities

(5.0%)

9,839

Alliant

Energy

Corporation

495,886

3,673

Constellation

Energy

Corporation

678,954

5,726

DTE

Energy

Company

642,114

29,016

NiSource,

Inc.

802,582

Total

2,619,536

Total

Common

Stock

(cost

$43,141,638)

51,963,672

Shares

Short-Term

Investments

(

1.5%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

78,786

5.590%

787,861

Total

Short-Term

Investments

(cost

$787,860)

787,861

Total

Investments

(cost

$43,929,498)

100.4%

$52,751,533

Other

Assets

and

Liabilities,

Net

(0.4%)

(215,436)

Total

Net

Assets

100.0%

$52,536,097

a

Non-income

producing

security.

Mid

Cap

Value

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

199

Definitions:

plc

-

Public

Limited

Company

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Mid

Cap

Value

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

1,193,803

1,193,803

–

–

Consumer

Discretionary

5,459,253

4,898,028

561,225

–

Consumer

Staples

3,204,505

3,204,505

–

–

Energy

4,422,852

4,422,852

–

–

Financials

10,347,199

10,347,199

–

–

Health

Care

4,671,937

4,671,937

–

–

Industrials

9,322,456

9,322,456

–

–

Information

Technology

3,935,872

3,935,872

–

–

Materials

3,955,487

3,955,487

–

–

Real

Estate

2,830,772

2,830,772

–

–

Utilities

2,619,536

2,619,536

–

–

Subtotal

Investments

in

Securities

$51,963,672

$51,402,447

$561,225

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

787,861

Subtotal

Other

Investments

$787,861

Total

Investments

at

Value

$52,751,533

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Mid

Cap

Value

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

200

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Mid

Cap

Value

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$156

$4,217

$3,585

$788

79

1.5%

Total

Affiliated

Short-Term

Investments

156

788

1.5

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

1,003

1,003

–

–

–

Total

Collateral

Held

for

Securities

Loaned

–

–

–

Total

Value

$156

$788

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$–

$–

$

–

$8

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$8

Cash

Management

Trust-

Collateral

Investment

–

–

–

0

Total

Affiliated

Income

from

Securities

Loaned,

Net

$0

Total

Value

$–

$–

$

–

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

201

Shares

Registered

Investment

Companies

(

42.0%

)

Value

U.S.

Affiliated  (41.3%)

20,722,752

Thrivent

Core

Emerging

Markets

Debt

Fund

$

167,025,383

6,062,923

Thrivent

Core

Emerging

Markets

Equity

Fund

55,111,970

508,577

Thrivent

Core

Low

Volatility

Equity

Fund

5,624,865

11,825,409

Thrivent

Core

Mid

Cap

Value

Fund

133,508,866

14,392,681

Thrivent

Core

Small

Cap

Value

Fund

151,698,855

37,945,041

Thrivent

Global

Stock

Portfolio

564,550,118

27,313,733

Thrivent

High

Yield

Portfolio

113,379,305

40,135,601

Thrivent

Income

Portfolio

351,595,892

30,984,040

Thrivent

International

Allocation

Portfolio

307,680,808

5,034,407

Thrivent

International

Index

Portfolio

70,760,602

46,029,861

Thrivent

Large

Cap

Value

Portfolio

1,100,573,973

20,447,069

Thrivent

Limited

Maturity

Bond

Portfolio

196,821,438

24,713,806

Thrivent

Mid

Cap

Stock

Portfolio

544,054,662

9,521,736

Thrivent

Small

Cap

Stock

Portfolio

179,796,081

Total

3,942,182,818

U.S.

Unaffiliated  (0.7%)

17,668

Communication

Services

Select

Sector

SPDR

Fund

1,442,769

8,432

Industrial

Select

Sector

SPDR

Fund

1,062,095

11,405

Invesco

QQQ

Trust

Series

1

5,063,934

82,542

iShares

Biotechnology

ETF

11,326,413

84,034

SPDR

S&P

500

ETF

Trust

43,955,664

12,585

SPDR

S&P

Biotech

ETF

1,194,191

3,974

SPDR

S&P

Oil

&

Gas

Exploration

ETF

615,692

Total

64,660,758

Total

Registered

Investment

Companies

(cost

$3,142,793,552)

4,006,843,576

Shares

Common

Stock

(

28.2%

)

Value

Communications

Services

(2.2%)

78,448

Alphabet,

Inc.,

Class

A

a

11,840,157

512,742

Alphabet,

Inc.,

Class

C

a

78,070,097

80,690

Altice

USA,

Inc.

a

210,601

27,709

AMC

Networks,

Inc.

a

336,110

10,064

Bandwidth,

Inc.

a

183,769

11,053

Bumble,

Inc.

a

125,451

85

Cable

One,

Inc.

35,966

193,574

Cargurus,

Inc.

a

4,467,688

99,533

Comcast

Corporation

4,314,755

274

E.W.

Scripps

Company

a

1,077

46,786

Electronic

Arts,

Inc.

6,207,099

26,800

Emerald

Holding,

Inc.

a

182,508

10,689

Entravision

Communications

Corporation

17,530

58,141

iHeartMedia,

Inc.

a

121,515

17,839

Imax

Corporation

a

288,457

134,979

Integral

Ad

Science

Holding

Corporation

a

1,345,741

7,594

Interpublic

Group

of

Companies,

Inc.

247,792

20,771

Iridium

Communications,

Inc.

543,369

42,554

Liberty

Global,

Ltd.,

Class

A

a

720,014

Shares

Common

Stock

(28.2%)

Value

Communications

Services

(2.2%)

-

continued

31,289

Liberty

Latin

America,

Ltd.,

Class

A

a

$

218,084

2,278

Live

Nation

Entertainment,

Inc.

a

240,944

234,200

Lumen

Technologies,

Inc.

a

365,352

3,645

Match

Group,

Inc.

a

132,241

154,725

Meta

Platforms,

Inc.

75,131,365

4,844

Netflix,

Inc.

a

2,941,906

1,410

Omnicom

Group,

Inc.

136,432

75,418

Pinterest,

Inc.

a

2,614,742

21,102

Playtika

Holding

Corporation

148,769

131,896

QuinStreet,

Inc.

a

2,329,283

12,826

Roku,

Inc.

a

835,870

10,413

Sinclair,

Inc.

140,263

9,232

TechTarget,

Inc.

a

305,395

21,301

Telephone

and

Data

Systems,

Inc.

341,242

44,290

Trade

Desk,

Inc.

a

3,871,832

145,100

Verizon

Communications,

Inc.

6,088,396

130,203

Warner

Brothers

Discovery,

Inc.

a

1,136,672

11,378

Windstream

Services,

LLC

a

108,091

2,323

Ziff

Davis,

Inc.

a

146,442

Total

206,493,017

Consumer

Discretionary

(3.4%)

561

Adient

plc

a

18,468

659,268

Amazon.com,

Inc.

a

118,918,762

4,111

American

Axle

&

Manufacturing

Holdings,

Inc.

a

30,257

55,853

American

Eagle

Outfitters,

Inc.

1,440,449

27,121

Aptiv

plc

a

2,160,188

24,101

Autoliv,

Inc.

2,902,483

2,945

Beazer

Homes

USA,

Inc.

a

96,596

3,014

Best

Buy

Company,

Inc.

247,238

1,203

Booking

Holdings,

Inc.

4,364,340

35,038

Boot

Barn

Holdings,

Inc.

a

3,333,866

2,426

Brunswick

Corporation

234,158

13,395

Buckle,

Inc.

539,417

64

Cavco

Industries,

Inc.

a

25,540

1,422

Chipotle

Mexican

Grill,

Inc.

a

4,133,427

33,281

Columbia

Sportswear

Company

2,701,752

9,674

Container

Store

Group,

Inc.

a

11,028

11,724

Cooper-Standard

Holdings,

Inc.

a

194,149

3,583

Coursera,

Inc.

a

50,234

1,966

Crocs,

Inc.

a

282,711

7,249

Culp,

Inc.

a

34,795

8,315

D.R.

Horton,

Inc.

1,368,233

57,077

Dana,

Inc.

724,878

2,460

Darden

Restaurants,

Inc.

411,189

3,048

Deckers

Outdoor

Corporation

a

2,868,961

2,336

DoorDash,

Inc.

a

321,714

237

Dorman

Products,

Inc.

a

22,844

233,664

eBay,

Inc.

12,332,786

2,409

El

Pollo

Loco

Holdings,

Inc.

a

23,464

7,393

Etsy,

Inc.

a

508,047

48,183

Everi

Holdings,

Inc.

a

484,239

85,633

Expedia

Group,

Inc.

a

11,795,946

18,044

Five

Below,

Inc.

a

3,272,821

711

Fox

Factory

Holding

Corporation

a

37,022

54,470

Gap,

Inc.

1,500,649

1,751

Garmin,

Ltd.

260,671

73,197

Gentex

Corporation

2,643,876

5,711

Genuine

Parts

Company

884,805

21,282

Goodyear

Tire

&

Rubber

Company

a

292,202

14,168

Grand

Canyon

Education,

Inc.

a

1,929,823

10,019

Green

Brick

Partners,

Inc.

a

603,444

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

202

Shares

Common

Stock

(28.2%)

Value

Consumer

Discretionary

(3.4%)

-

continued

3,937

Harley-Davidson,

Inc.

$

172,204

49,566

Hilton

Worldwide

Holdings,

Inc.

10,572,923

74,057

Home

Depot,

Inc.

28,408,265

19,965

Kohl's

Corporation

581,980

56,223

Laureate

Education,

Inc.

819,169

5,627

La-Z-Boy,

Inc.

211,688

9,223

Lear

Corporation

1,336,228

10,744

Leggett

&

Platt,

Inc.

205,748

2,484

Lennar

Corporation

427,198

44,120

LKQ

Corporation

2,356,449

11,170

Lowe's

Companies,

Inc.

2,845,334

7,372

Lululemon

Athletica,

Inc.

a

2,879,872

1,402

M/I

Homes,

Inc.

a

191,079

153

Marriott

Vacations

Worldwide

Corporation

16,483

29,830

McDonald's

Corporation

8,410,569

12,061

Meritage

Homes

Corporation

2,116,223

86,760

Mobileye

Global,

Inc.

a

2,789,334

32,365

Modine

Manufacturing

Company

a

3,080,824

12,083

Mohawk

Industries,

Inc.

a

1,581,544

18,954

Nordstrom,

Inc.

384,198

533

NVR,

Inc.

a

4,317,279

6,651

O'Reilly

Automotive,

Inc.

a

7,508,181

10,380

Polaris,

Inc.

1,039,246

7,506

Pool

Corporation

3,028,671

152,167

Qurate

Retail,

Inc.

a

187,165

5,138

Ralph

Lauren

Corporation

964,711

7,719

Ross

Stores,

Inc.

1,132,840

1,735

Savers

Value

Village,

Inc.

a

33,451

1,406

Shake

Shack,

Inc.

a

146,266

5,880

SharkNinja,

Inc.

366,265

58,629

Skyline

Champion

Corporation

a

4,984,051

24,219

Sony

Group

Corporation

ADR

2,076,537

51,503

Starbucks

Corporation

4,706,859

114,486

Stoneridge,

Inc.

a

2,111,122

169,195

Tesla,

Inc.

a

29,742,789

21,292

Texas

Roadhouse,

Inc.

3,288,975

158,565

ThredUp,

Inc.

a

317,130

1,353

TopBuild

Corporation

a

596,308

35,363

Travel

+

Leisure

Company

1,731,373

21

Ulta

Beauty,

Inc.

a

10,980

13,767

United

Parks

&

Resorts,

Inc.

a

773,843

14,609

Upbound

Group,

Inc.

514,383

29,515

Urban

Outfitters,

Inc.

a

1,281,541

245

Vail

Resorts,

Inc.

54,593

513

Visteon

Corporation

a

60,334

21,447

Wendy's

Company

404,061

2,311

Wingstop,

Inc.

846,750

27,360

Wyndham

Hotels

&

Resorts,

Inc.

2,099,880

1,170

XPEL,

Inc.

a

63,203

12,146

Yum

China

Holding,

Inc.

483,289

Total

328,266,860

Consumer

Staples

(1.0%)

113,796

Altria

Group,

Inc.

4,963,782

1,111

Archer-Daniels-Midland

Company

69,782

13,683

BellRing

Brands,

Inc.

a

807,707

150,357

BJ's

Wholesale

Club

Holdings,

Inc.

a

11,374,507

8,946

Casey's

General

Stores,

Inc.

2,848,854

71,320

Celsius

Holdings,

Inc.

a

5,913,854

178,696

Coca-Cola

Company

10,932,621

2,204

Costco

Wholesale

Corporation

1,614,717

146,003

Coty,

Inc.

a

1,746,196

2,128

Darling

Ingredients,

Inc.

a

98,973

Shares

Common

Stock

(28.2%)

Value

Consumer

Staples

(1.0%)

-

continued

1,452

Dollar

Tree,

Inc.

a

$

193,334

23,967

e.l.f.

Beauty,

Inc.

a

4,698,251

8,203

Flowers

Foods,

Inc.

194,821

420

Hershey

Company

81,690

20,157

J

&

J

Snack

Foods

Corporation

2,913,896

3,073

John

B.

Sanfilippo

&

Son,

Inc.

325,492

90,260

Kenvue,

Inc.

1,936,980

6,495

Kroger

Company

371,059

22,599

Lamb

Weston

Holdings,

Inc.

2,407,471

24,299

Lancaster

Colony

Corporation

5,045,201

380

McCormick

&

Company,

Inc.

29,188

39,931

Philip

Morris

International,

Inc.

3,658,478

7,684

Pilgrim's

Pride

Corporation

a

263,715

1,628

PriceSmart,

Inc.

136,752

31,310

Procter

&

Gamble

Company

5,080,048

45,216

Sysco

Corporation

3,670,635

6,260

Turning

Point

Brands,

Inc.

183,418

5,124

Tyson

Foods,

Inc.

300,933

386,006

Walmart,

Inc.

23,225,981

Total

95,088,336

Energy

(1.0%)

3,820

Archrock,

Inc.

75,139

38,150

Baker

Hughes

Company

1,278,025

4,951

Cactus,

Inc.

247,996

6,958

California

Resources

Corporation

383,386

7,209

ChampionX

Corporation

258,731

6,607

Chesapeake

Energy

Corporation

586,900

6,128

Chevron

Corporation

966,631

29,294

ConocoPhillips

3,728,540

7,265

CVR

Energy,

Inc.

259,070

53,277

Devon

Energy

Corporation

2,673,440

94,650

Enterprise

Products

Partners,

LP

2,761,887

53,245

EOG

Resources,

Inc.

6,806,841

29,097

Expro

Group

Holdings

NV

a

581,067

63,733

Exxon

Mobil

Corporation

7,408,324

6,484

Gulfport

Energy

Corporation

a

1,038,218

350,327

Halliburton

Company

13,809,890

2,704

International

Seaways,

Inc.

143,853

45,533

Liberty

Energy,

Inc.

943,444

9,600

Magnolia

Oil

&

Gas

Corporation

249,120

48,256

Marathon

Oil

Corporation

1,367,575

10,098

Marathon

Petroleum

Corporation

2,034,747

57,898

Matador

Resources

Company

3,865,850

18,536

Murphy

Oil

Corporation

847,095

14,772

Noble

Corporation

plc

716,294

61,073

NOV,

Inc.

1,192,145

15,525

Ovintiv,

Inc.

805,748

31,405

Par

Pacific

Holdings,

Inc.

a

1,163,869

8,477

Patterson-UTI

Energy,

Inc.

101,215

11,971

Phillips

66

1,955,343

63,639

Pioneer

Natural

Resources

Company

16,705,238

99,874

ProPetro

Holding

Corporation

a

806,982

35,588

Schlumberger

NV

1,950,578

18,709

Shell

plc

ADR

1,254,251

35,764

SM

Energy

Company

1,782,835

5,526

Solaris

Oilfield

Infrastructure,

Inc.

47,910

231,233

TechnipFMC

plc

5,806,261

34,131

TETRA

Technologies,

Inc.

a

151,200

13,379

U.S.

Silica

Holdings,

Inc.

a

166,033

25,812

Viper

Energy,

Inc.

992,730

123,943

Williams

Companies,

Inc.

4,830,059

Total

92,744,460

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

203

Shares

Common

Stock

(28.2%)

Value

Financials

(3.7%)

5,699

1st

Source

Corporation

$

298,742

13,702

Allstate

Corporation

2,370,583

19,166

Ally

Financial,

Inc.

777,948

11,727

Amalgamated

Financial

Corporation

281,448

702

Amerant

Bancorp,

Inc.

16,350

57,249

American

Express

Company

13,035,025

39,217

American

International

Group,

Inc.

3,065,593

29,369

Ameriprise

Financial,

Inc.

12,876,544

1,906

Ameris

Bancorp

92,212

128

Apollo

Global

Management,

Inc.

14,394

4,008

Arch

Capital

Group,

Ltd.

a

370,500

10,146

Arthur

J.

Gallagher

&

Company

2,536,906

17,865

Artisan

Partners

Asset

Management,

Inc.

817,681

1,876

AssetMark

Financial

Holdings,

Inc.

a

66,429

4,981

Associated

Banc-Corp

107,141

2,937

Assurant,

Inc.

552,861

6,589

Assured

Guaranty,

Ltd.

574,890

1,308

Atlantic

Union

Bankshares

Corporation

46,185

2,520

Axis

Capital

Holdings,

Ltd.

163,850

1,708

Axos

Financial,

Inc.

a

92,300

168,489

Bank

of

America

Corporation

6,389,103

509

Bank

of

Hawaii

Corporation

b

31,757

13,443

Bank

of

Marin

Bancorp

225,439

5,361

Bank

of

N.T.

Butterfield

&

Son,

Ltd.

171,498

69,757

Bank

of

New

York

Mellon

Corporation

4,019,398

6,348

Bank

OZK

288,580

7,041

BankFinancial

Corporation

73,930

1,077

BankUnited,

Inc.

30,156

14,807

Banner

Corporation

710,736

818

Bar

Harbor

Bankshares

21,661

2,265

BayCom

Corporation

46,682

13,247

BCB

Bancorp,

Inc.

138,431

23,677

Berkshire

Hathaway,

Inc.

a

9,956,652

28,293

Berkshire

Hills

Bancorp,

Inc.

648,476

4,086

BlackRock,

Inc.

3,406,498

8,361

Block,

Inc.

a

707,173

101,051

Blue

Owl

Capital,

Inc.

1,905,822

559

BOK

Financial

Corporation

51,428

12,600

Bridgewater

Bancshares,

Inc.

a

146,664

13,271

Brighthouse

Financial,

Inc.

a

683,987

14,569

BrightSpire

Capital,

Inc.

100,380

50,413

Brookline

Bancorp,

Inc.

502,113

32,432

Brown

&

Brown,

Inc.

2,839,097

12,700

Business

First

Bancshares,

Inc.

282,956

16,831

Byline

Bancorp,

Inc.

365,569

11,654

Cadence

Bank

337,966

1,180

Camden

National

Corporation

39,554

821

Capital

City

Bank

Group,

Inc.

22,742

12,532

Capital

One

Financial

Corporation

1,865,889

32,106

Capitol

Federal

Financial,

Inc.

191,352

71,840

Carlyle

Group,

Inc.

3,370,014

1,850

Cathay

General

Bancorp

69,985

13,042

Cboe

Global

Markets,

Inc.

2,396,207

43,346

Central

Pacific

Financial

Corporation

856,083

45,110

Charles

Schwab

Corporation

3,263,257

29,878

Chubb,

Ltd.

7,742,286

7,671

Cincinnati

Financial

Corporation

952,508

14,294

Citigroup,

Inc.

903,953

3,095

Citizens

Financial

Group,

Inc.

112,318

1,086

CNA

Financial

Corporation

49,326

Shares

Common

Stock

(28.2%)

Value

Financials

(3.7%)

-

continued

11,248

CNB

Financial

Corporation

$

229,347

1,272

Coinbase

Global,

Inc.

a

337,233

75,710

Columbia

Banking

System,

Inc.

1,464,988

40,412

Comerica,

Inc.

2,222,256

9,316

Commerce

Bancshares,

Inc.

495,611

1,569

Community

Bank

System,

Inc.

75,359

17,502

Community

Trust

Bancorp,

Inc.

746,460

1,214

Community

West

Bancshares

24,146

1,535

ConnectOne

Bancorp,

Inc.

29,933

2,065

Corpay,

Inc.

a

637,135

4,481

Cullen/Frost

Bankers,

Inc.

504,426

7,968

Customers

Bancorp,

Inc.

a

422,782

2,272

CVB

Financial

Corporation

40,532

16,722

Dime

Community

Bancshares,

Inc.

322,066

18,519

Discover

Financial

Services

2,427,656

14,191

Eagle

Bancorp,

Inc.

333,347

13,009

East

West

Bancorp,

Inc.

1,029,142

19,127

Ellington

Residential

Mortgage

REIT

132,168

5,484

Employers

Holdings,

Inc.

248,919

10,243

Enova

International,

Inc.

a

643,568

999

Enterprise

Bancorp,

Inc./MA

25,944

21,245

Enterprise

Financial

Services

Corporation

861,697

7,093

Equity

Bancshares,

Inc.

243,786

1,094

EVERTEC,

Inc.

43,651

37,652

F.N.B.

Corporation

530,893

26,409

FactSet

Research

Systems,

Inc.

11,999,986

63,638

Federated

Hermes,

Inc.

2,298,605

7,038

Fidelity

National

Information

Services,

Inc.

522,079

5,693

Fifth

Third

Bancorp

211,837

15,172

Financial

Institutions,

Inc.

285,537

5,176

First

Bancorp/Puerto

Rico

90,787

24,323

First

Bancshares,

Inc.

631,182

64

First

Citizens

BancShares,

Inc./NC

104,640

35,785

First

Commonwealth

Financial

Corporation

498,127

15,532

First

Financial

Bancorp

348,227

7,403

First

Financial

Bankshares,

Inc.

242,892

7,382

First

Financial

Corporation

282,952

2,866

First

Hawaiian,

Inc.

62,937

45,153

First

Horizon

Corporation

695,356

3,176

First

Internet

Bancorp

110,334

18,479

First

Interstate

BancSystem,

Inc.

502,814

6,025

First

Merchants

Corporation

210,273

9,516

First

Mid-Illinois

Bancshares,

Inc.

310,983

22,081

First

of

Long

Island

Corporation

244,878

16,673

Fiserv,

Inc.

a

2,664,679

1,004

Five

Star

Bancorp

22,590

20,097

Flushing

Financial

Corporation

253,423

8,626

Flywire

Corporation

a

214,011

30,362

Fulton

Financial

Corporation

482,452

45,111

Glacier

Bancorp,

Inc.

1,817,071

9,701

Global

Payments,

Inc.

1,296,636

8,394

Great

Southern

Bancorp,

Inc.

460,159

9,991

Green

Dot

Corporation

a

93,216

32,280

Hamilton

Lane,

Inc.

3,639,893

29,519

Hancock

Whitney

Corporation

1,359,055

62,063

Hanmi

Financial

Corporation

988,043

7,736

Hanover

Insurance

Group,

Inc.

1,053,411

7,560

Hartford

Financial

Services

Group,

Inc.

779,058

33,989

Heartland

Financial

USA,

Inc.

1,194,713

40,002

Heritage

Commerce

Corporation

343,217

28,296

Heritage

Financial

Corporation

548,659

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

204

Shares

Common

Stock

(28.2%)

Value

Financials

(3.7%)

-

continued

11,524

Home

BancShares,

Inc.

$

283,145

17,665

Hometrust

Bancshares,

Inc.

482,961

27,533

Hope

Bancorp,

Inc.

316,905

1,592

Horace

Mann

Educators

Corporation

58,888

24,946

Horizon

Bancorp,

Inc.

320,057

51,617

Houlihan

Lokey,

Inc.

6,616,783

10,627

Huntington

Bancshares,

Inc./OH

148,247

16,677

Independent

Bank

Corporation

867,538

16,771

Independent

Bank

Corporation/MI

425,145

146,480

Intercontinental

Exchange,

Inc.

20,130,746

1,977

International

Bancshares

Corporation

110,989

20,254

Invesco

Mortgage

Capital,

Inc.

196,059

115,347

Invesco,

Ltd.

1,913,607

120,118

J.P.

Morgan

Chase

&

Company

24,059,635

14,650

Jack

Henry

&

Associates,

Inc.

2,545,145

53,243

Janus

Henderson

Group

plc

1,751,162

21,994

Kearny

Financial

Corporation/MD

141,641

344,202

KeyCorp

5,441,834

13,567

Kinsale

Capital

Group,

Inc.

7,119,148

4,382

KKR

&

Company,

Inc.

440,742

13,706

Lazard,

Inc.

573,870

3,595

LendingTree,

Inc.

a

152,212

1,351

M&T

Bank

Corporation

196,489

2,592

MarketAxess

Holdings,

Inc.

568,296

29,876

Marsh

&

McLennan

Companies,

Inc.

6,153,858

14,655

Mastercard,

Inc.

7,057,408

8,458

Mercantile

Bank

Corporation

325,548

29,386

MetLife,

Inc.

2,177,796

3,217

Metropolitan

Bank

Holding

Corporation

a

123,855

49,172

MFA

Financial,

Inc.

561,053

210,311

MGIC

Investment

Corporation

4,702,554

2,644

Mid

Penn

Bancorp,

Inc.

52,906

15,030

Midland

States

Bancorp,

Inc.

377,704

28,083

MidWestOne

Financial

Group,

Inc.

658,266

4,838

Moody's

Corporation

1,901,479

15,149

Morgan

Stanley

1,426,430

22,754

Mr.

Cooper

Group,

Inc.

a

1,773,674

20,813

MSCI,

Inc.

11,664,646

1,095

MVB

Financial

Corporation

24,429

125,065

Nasdaq,

Inc.

7,891,602

15,815

National

Bank

Holdings

Corporation

570,447

17,047

Navient

Corporation

296,618

5,835

NCR

Atleos

Corporation

a

115,241

61,067

New

York

Community

Bancorp,

Inc.

b

196,636

72,615

NMI

Holdings,

Inc.

a

2,348,369

27,994

Northern

Trust

Corporation

2,489,226

823

Northfield

Bancorp,

Inc.

8,000

834

Northrim

BanCorp,

Inc.

42,125

18,166

Northwest

Bancshares,

Inc.

211,634

61,815

NU

Holdings,

Ltd./Cayman

Islands

a

737,453

49,283

OceanFirst

Financial

Corporation

808,734

17,515

OFG

Bancorp

644,727

17,562

Old

National

Bancorp

305,754

14,743

Old

Republic

International

Corporation

452,905

22,256

Old

Second

Bancorp,

Inc.

308,023

43,629

OneMain

Holdings,

Inc.

2,229,006

20,966

Pacific

Premier

Bancorp,

Inc.

503,184

5,147

Pathward

Financial,

Inc.

259,821

Shares

Common

Stock

(28.2%)

Value

Financials

(3.7%)

-

continued

197,456

PayPal

Holdings,

Inc.

a

$

13,227,577

4,404

PCB

Bancorp

71,917

3,524

PennyMac

Financial

Services,

Inc.

321,001

12,501

Peoples

Bancorp,

Inc./OH

370,155

5,385

Pinnacle

Financial

Partners,

Inc.

462,464

1,223

PNC

Financial

Services

Group,

Inc.

197,637

5,217

Popular,

Inc.

459,566

15,453

Premier

Financial

Corporation

313,696

1,336

PROG

Holdings,

Inc.

46,012

9,584

Prosperity

Bancshares,

Inc.

630,436

24,087

Provident

Financial

Services,

Inc.

350,948

4,221

Prudential

Financial,

Inc.

495,545

38,751

Radian

Group,

Inc.

1,296,996

108,009

Raymond

James

Financial,

Inc.

13,870,516

6,687

Regions

Financial

Corporation

140,694

95,031

Rithm

Capital

Corporation

1,060,546

20,293

RLI

Corporation

3,012,902

11,206

S&T

Bancorp,

Inc.

359,488

15,977

Sandy

Spring

Bancorp,

Inc.

370,347

99,126

SEI

Investments

Company

7,127,159

2,065

ServisFirst

Bancshares,

Inc.

137,033

12,311

Shore

Bancshares,

Inc.

141,577

1,478

Simmons

First

National

Corporation

28,762

2,044

SmartFinancial,

Inc.

43,067

1,162

Southern

First

Bancshares,

Inc.

a

36,905

668

Southern

Missouri

Bancorp,

Inc.

29,198

5,593

SouthState

Corporation

475,573

7,318

State

Street

Corporation

565,828

13,478

Stellar

Bancorp,

Inc.

328,324

7,305

StepStone

Group,

Inc.

261,081

770

Synchrony

Financial

33,202

10,104

Synovus

Financial

Corporation

404,766

318

T.

Rowe

Price

Group,

Inc.

38,771

6,948

Territorial

Bancorp,

Inc.

56,001

10,462

TPG,

Inc.

467,651

39,973

Tradeweb

Markets,

Inc.

4,163,987

9,374

TriCo

Bancshares

344,776

45,957

Triumph

Financial,

Inc.

a

3,645,309

1,513

Truist

Financial

Corporation

58,977

11,300

TrustCo

Bank

Corporation

NY

318,208

30,084

Two

Harbors

Investment

Corporation

398,312

5,981

U.S.

Bancorp

267,351

2,032

UMB

Financial

Corporation

176,764

7,650

United

Bankshares,

Inc.

273,794

5,064

United

Community

Banks,

Inc.

133,284

14,627

Univest

Financial

Corporation

304,534

4,174

Unum

Group

223,977

77,082

Valley

National

Bancorp

613,573

17,428

Veritex

Holdings,

Inc.

357,100

41,915

Virtu

Financial,

Inc.

860,096

10,840

Visa,

Inc.

3,025,227

1,288

Voya

Financial,

Inc.

95,209

16,598

WaFd,

Inc.

481,840

2,694

Walker

&

Dunlop,

Inc.

272,256

14,598

Webster

Financial

Corporation

741,140

128,729

Wells

Fargo

&

Company

7,461,133

12,702

Westamerica

Bancorporation

620,874

58,693

Western

Alliance

Bancorp

3,767,504

93,840

Western

Union

Company

1,311,883

362

Willis

Towers

Watson

plc

99,550

4,261

Wintrust

Financial

Corporation

444,806

1,214

WSFS

Financial

Corporation

54,800

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

205

Shares

Common

Stock

(28.2%)

Value

Financials

(3.7%)

-

continued

3,930

XP,

Inc.

$

100,844

31,641

Zions

Bancorp

NA

1,373,219

Total

358,498,988

Health

Care

(3.3%)

66,217

Abbott

Laboratories

7,526,224

23,885

AbbVie,

Inc.

4,349,459

20,411

ACADIA

Pharmaceuticals,

Inc.

a

377,399

66,032

Agilent

Technologies,

Inc.

9,608,316

6,428

Agios

Pharmaceuticals,

Inc.

a

187,955

4,429

Aldeyra

Therapeutics,

Inc.

a

14,483

9,691

Align

Technology,

Inc.

a

3,177,873

15,177

Alkermes

plc

a

410,841

50,541

Amgen,

Inc.

14,369,817

16,275

Amicus

Therapeutics,

Inc.

a

191,720

24,750

Amneal

Pharmaceuticals,

Inc.

a

149,985

7,097

Anika

Therapeutics,

Inc.

a

180,264

11,718

Arcellx,

Inc.

a

814,987

6,709

Argenx

SE

ADR

a

2,641,467

17,754

Ascendis

Pharma

AS

ADR

a

2,683,872

35,519

AstraZeneca

plc

ADR

2,406,412

156,385

Avantor,

Inc.

a

3,998,764

22,003

Azenta,

Inc.

a

1,326,341

5,826

Biogen,

Inc.

a

1,256,260

384

BioMarin

Pharmaceutical,

Inc.

a

33,539

491

Bio-Rad

Laboratories,

Inc.

a

169,822

55,909

Bio-Techne

Corporation

3,935,435

16,787

Bruker

Corporation

1,576,971

21,229

CareDx,

Inc.

a

224,815

4,208

Centene

Corporation

a

330,244

16,894

Certara,

Inc.

a

302,065

8,615

Charles

River

Laboratories

International,

Inc.

a

2,334,234

4,399

Chemed

Corporation

2,823,850

6,823

Cigna

Group

2,478,045

2,883

Codexis,

Inc.

a

10,062

5,536

Cooper

Companies,

Inc.

561,683

85,610

Danaher

Corporation

21,378,529

17,094

Deciphera

Pharmaceuticals,

Inc.

a

268,889

27,055

Definitive

Healthcare

Corporation

a

218,334

16,196

Denali

Therapeutics,

Inc.

a

332,342

72,454

Dentsply

Sirona,

Inc.

2,404,748

28,745

Dexcom,

Inc.

a

3,986,932

10,326

Dynavax

Technologies

Corporation

a

128,146

25,058

Edwards

Lifesciences

Corporation

a

2,394,542

150,549

Elanco

Animal

Health,

Inc.

a

2,450,938

7,792

Elevance

Health,

Inc.

4,040,464

22,866

Eli

Lilly

&

Company

17,788,833

2,167

Enanta

Pharmaceuticals,

Inc.

a

37,836

54,068

Enovis

Corporation

a

3,376,547

32,976

Exelixis,

Inc.

a

782,520

20,324

Gilead

Sciences,

Inc.

1,488,733

54,354

Globus

Medical,

Inc.

a

2,915,549

35,732

GoodRx

Holdings,

Inc.

a

253,697

34,382

Halozyme

Therapeutics,

Inc.

a

1,398,660

9,841

ICON

plc

a

3,306,084

227

IDEXX

Laboratories,

Inc.

a

122,564

2,955

Illumina,

Inc.

a

405,781

33,259

Immunocore

Holdings

plc

ADR

a

2,161,835

3,358

Incyte

Corporation

a

191,305

16,196

Inspire

Medical

Systems,

Inc.

a

3,478,739

44,270

Intuitive

Surgical,

Inc.

a

17,667,714

1,676

IQVIA

Holding,

Inc.

a

423,844

3,352

Jazz

Pharmaceuticals,

Inc.

a

403,648

Shares

Common

Stock

(28.2%)

Value

Health

Care

(3.3%)

-

continued

37,590

Johnson

&

Johnson

$

5,946,362

4,995

Kodiak

Sciences,

Inc.

a

26,274

62,168

Laboratory

Corporation

of

America

Holdings

13,581,221

23,660

Lantheus

Holdings,

Inc.

a

1,472,598

20,621

Legend

Biotech

Corporation

ADR

a

1,156,632

304

Ligand

Pharmaceuticals,

Inc.

a

22,222

4,396

LivaNova

plc

a

245,912

2,668

Masimo

Corporation

a

391,796

141

Medpace

Holdings,

Inc.

a

56,985

184,294

Medtronic

plc

16,061,222

50,901

Merck

&

Company,

Inc.

6,716,387

29,857

Molina

Healthcare,

Inc.

a

12,266,151

9,897

Myriad

Genetics,

Inc.

a

211,004

25,215

Natera,

Inc.

a

2,306,164

1,296

National

HealthCare

Corporation

122,485

41,378

Neogen

Corporation

a

652,945

157,005

Novo

Nordisk

AS

ADR

20,159,442

29,242

Nuvation

Bio,

Inc.

a

106,441

114,258

Option

Care

Health,

Inc.

a

3,832,213

10,709

Organon

&

Company

201,329

6,659

Pacira

Pharmaceuticals,

Inc.

a

194,576

121,439

Paragon

28,

Inc.

a

1,499,772

95,421

Progyny,

Inc.

a

3,640,311

12,391

Prothena

Corporation

plc

a

306,925

8,481

PTC

Therapeutics,

Inc.

a

246,712

3,548

QIAGEN

NV

152,529

3,146

QuidelOrtho

Corporation

a

150,819

16,177

Recursion

Pharmaceuticals,

Inc.

a

161,285

23,764

Repligen

Corporation

a

4,370,675

19,626

Rocket

Pharmaceuticals,

Inc.

a

528,724

3,603

Royalty

Pharma

plc

109,423

11,565

Sarepta

Therapeutics,

Inc.

a

1,497,205

148,301

scPharmaceuticals,

Inc.

a

744,471

8,921

Sensus

Healthcare,

Inc.

a

33,900

16,067

Shockwave

Medical,

Inc.

a

5,231,897

4,968

Stryker

Corporation

1,777,898

3,036

Teleflex,

Inc.

686,652

9,644

TG

Therapeutics,

Inc.

a

146,685

19,194

Thermo

Fisher

Scientific,

Inc.

11,155,745

7,163

UnitedHealth

Group,

Inc.

3,543,536

7,521

Vanda

Pharmaceuticals,

Inc.

a

30,911

19,747

Veeva

Systems,

Inc.

a

4,575,182

27,748

Veracyte,

Inc.

a

614,896

58,650

Vericel

Corporation

a

3,050,973

14,531

Vertex

Pharmaceuticals,

Inc.

a

6,074,103

15,795

Viemed

Healthcare,

Inc.

a

148,947

2,140

West

Pharmaceutical

Services,

Inc.

846,819

7,208

Zentalis

Pharmaceuticals,

Inc.

a

113,598

26,897

Zimmer

Biomet

Holdings,

Inc.

3,549,866

82,103

Zoetis,

Inc.

13,892,649

Total

318,874,426

Industrials

(3.3%)

11,344

A.O.

Smith

Corporation

1,014,834

1,442

Acuity

Brands,

Inc.

387,509

27,151

Advanced

Drainage

Systems,

Inc.

4,676,488

25,040

AECOM

2,455,923

7,142

AGCO

Corporation

878,609

8,784

Air

Lease

Corporation

451,849

23,256

Alight,

Inc.

a

229,072

9,054

Allison

Transmission

Holdings,

Inc.

734,823

36,149

AMETEK,

Inc.

6,611,652

23,903

Armstrong

World

Industries,

Inc.

2,969,231

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

206

Shares

Common

Stock

(28.2%)

Value

Industrials

(3.3%)

-

continued

53,098

ASGN,

Inc.

a

$

5,562,547

3,536

Atmus

Filtration

Technologies,

Inc.

a

114,036

23,527

Automatic

Data

Processing,

Inc.

5,875,633

595

Axon

Enterprise,

Inc.

a

186,164

4,137

AZEK

Company,

Inc.

a

207,760

6,440

AZZ,

Inc.

497,876

95,605

Badger

Infrastructure

Solutions,

Ltd.

3,543,148

27,145

Beacon

Roofing

Supply,

Inc.

a

2,660,753

364

Brady

Corporation

21,578

4,424

BWX

Technologies,

Inc.

453,991

13,281

Carlisle

Companies,

Inc.

5,204,160

26,520

Casella

Waste

Systems,

Inc.

a

2,622,032

39,430

Caterpillar,

Inc.

14,448,335

1,832

Cimpress

plc

a

162,150

160,610

CNH

Industrial

NV

2,081,506

695

Columbus

McKinnon

Corporation

31,018

5,291

CSW

Industrials,

Inc.

1,241,269

302,534

CSX

Corporation

11,214,935

3,921

Cummins,

Inc.

1,155,323

10,571

Curtiss-Wright

Corporation

2,705,542

46,600

Delta

Air

Lines,

Inc.

2,230,742

12,011

Donaldson

Company,

Inc.

896,982

60

Dover

Corporation

10,631

12,414

EMCOR

Group,

Inc.

4,347,383

448

Equifax,

Inc.

119,849

476

ESCO

Technologies,

Inc.

50,956

207,341

ExlService

Holdings,

Inc.

a

6,593,444

5,225

Expeditors

International

of

Washington,

Inc.

635,203

297,215

Fastenal

Company

22,927,165

30,610

Ferguson

plc

6,686,142

91,261

Flowserve

Corporation

4,168,802

49,086

Fluor

Corporation

a

2,075,356

18,142

Gates

Industrial

Corporation

plc

a

321,295

11,012

General

Dynamics

Corporation

3,110,780

5,914

Gibraltar

Industries,

Inc.

a

476,254

300

GMS,

Inc.

a

29,202

1,412

Gorman-Rupp

Company

55,845

17,898

Graco,

Inc.

1,672,747

4,857

Greenbrier

Companies,

Inc.

253,050

3,305

Griffon

Corporation

242,389

48,122

Helios

Technologies,

Inc.

2,150,572

3,818

Herc

Holdings,

Inc.

642,569

19,366

Hillman

Solutions

Corporation

a

206,054

12,858

Honeywell

International,

Inc.

2,639,105

199,787

Howmet

Aerospace,

Inc.

13,671,424

2,843

Huntington

Ingalls

Industries,

Inc.

828,649

15,807

IDEX

Corporation

3,857,224

63,262

Ingersoll

Rand,

Inc.

6,006,727

9,026

Interface,

Inc.

151,817

5,065

ITT

Corporation

688,992

225,364

Janus

International

Group,

Inc.

a

3,409,757

9,930

JB

Hunt

Transport

Services,

Inc.

1,978,553

634

Johnson

Controls

International

plc

41,413

15,579

Kennametal,

Inc.

388,540

18,016

Kratos

Defense

&

Security

Solutions,

Inc.

a

331,134

10,469

L3Harris

Technologies,

Inc.

2,230,944

71,922

Legalzoom.com,

Inc.

a

959,439

2,436

Leidos

Holdings,

Inc.

319,335

21,834

Lincoln

Electric

Holdings,

Inc.

5,577,277

24,228

Lyft,

Inc.

a

468,812

2,436

ManpowerGroup,

Inc.

189,131

37,024

Masco

Corporation

2,920,453

Shares

Common

Stock

(28.2%)

Value

Industrials

(3.3%)

-

continued

15,252

Masterbrand,

Inc.

a

$

285,822

6,063

Matson,

Inc.

681,481

3,560

Maximus,

Inc.

298,684

24,606

Middleby

Corporation

a

3,956,399

4,958

Miller

Industries,

Inc.

248,396

1,491

Moog,

Inc.

238,038

8,908

MSC

Industrial

Direct

Company,

Inc.

864,432

22,540

Mueller

Water

Products,

Inc.

362,669

2,168

MYR

Group,

Inc.

a

383,194

680

National

Presto

Industries,

Inc.

56,984

6,514

NEXTracker,

Inc.

a

366,543

26,333

Northrop

Grumman

Corporation

12,604,554

65,094

nVent

Electric

plc

4,908,088

15,678

Old

Dominion

Freight

Line,

Inc.

3,438,342

27,358

Oshkosh

Corporation

3,411,816

3,384

Otis

Worldwide

Corporation

335,930

43,630

Owens

Corning,

Inc.

7,277,484

15,514

PACCAR,

Inc.

1,922,029

2,384

Parker-Hannifin

Corporation

1,325,003

3,002

Paycom

Software,

Inc.

597,428

2,290

Paylocity

Holding

Corporation

a

393,559

63,238

Pentair

plc

5,403,055

1,381

Quanta

Services,

Inc.

358,784

23,934

Regal

Rexnord

Corporation

4,310,513

1,750

Republic

Services,

Inc.

335,020

9,258

Resideo

Technologies,

Inc.

a

207,564

7,285

Rockwell

Automation,

Inc.

2,122,339

6,634

Rush

Enterprises,

Inc.

355,052

9,145

Saia,

Inc.

a

5,349,825

48,036

Schneider

National,

Inc.

1,087,535

29,076

Sensata

Technologies

Holding

plc

1,068,252

14,394

Simpson

Manufacturing

Company,

Inc.

2,953,361

15,016

SiteOne

Landscape

Supply,

Inc.

a

2,621,043

21,278

SkyWest,

Inc.

a

1,469,884

909

Snap-On,

Inc.

269,264

4,811

Southwest

Airlines

Company

140,433

3,936

SS&C

Technologies

Holdings,

Inc.

253,360

7,605

Standex

International

Corporation

1,385,783

2,602

Sterling

Construction

Company,

Inc.

a

287,027

3,504

Tennant

Company

426,121

13,790

Terex

Corporation

888,076

6,457

Textron,

Inc.

619,420

1,391

Thermon

Group

Holdings,

Inc.

a

45,514

25,180

Timken

Company

2,201,487

2,509

Titan

Machinery,

Inc.

a

62,248

26,406

Trane

Technologies

plc

7,927,081

36,241

TransUnion

2,892,032

4,174

Trex

Company,

Inc.

a

416,357

277,537

Uber

Technologies,

Inc.

a

21,367,574

276

UniFirst

Corporation/MA

47,867

94,285

United

Parcel

Service,

Inc.

14,013,580

1,268

United

Rentals,

Inc.

914,367

29,624

Upwork,

Inc.

a

363,190

334

Valmont

Industries,

Inc.

76,246

17,833

Verra

Mobility

Corporation

a

445,290

4,593

Vertiv

Holdings

Company

375,110

5,103

Watsco,

Inc.

2,204,343

28,506

WillScot

Mobile

Mini

Holdings

Corporation

a

1,325,529

Total

317,508,285

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

207

Shares

Common

Stock

(28.2%)

Value

Information

Technology

(8.3%)

4,559

Accenture

plc

$

1,580,195

47,895

Adobe,

Inc.

a

24,167,817

154,049

Advanced

Micro

Devices,

Inc.

a

27,804,304

24,213

Agilysys,

Inc.

a

2,040,187

8,165

Ambarella,

Inc.

a

414,537

75,449

Amphenol

Corporation

8,703,042

569,152

Apple,

Inc.

97,598,185

92,558

Applied

Materials,

Inc.

19,088,236

7,486

AppLovin

Corporation

a

518,181

15,908

Arista

Networks,

Inc.

a

4,613,002

17,850

Autodesk,

Inc.

a

4,648,497

4,898

Broadcom,

Inc.

6,491,858

64,014

CDW

Corporation

16,373,501

34,908

Ciena

Corporation

a

1,726,201

162,510

Cisco

Systems,

Inc.

8,110,874

16,850

Clearwater

Analytics

Holdings,

Inc.

a

298,076

308

Cognizant

Technology

Solutions

Corporation

22,573

5,262

Coherent

Corporation

a

318,982

5,846

Cohu,

Inc.

a

194,847

32,787

CommScope

Holding

Company,

Inc.

a

42,951

2,578

CommVault

Systems,

Inc.

a

261,487

10,682

Crane

NXT

Company

661,216

9,833

Credo

Technology

Group

Holding,

Ltd.

a

208,361

15,663

CyberArk

Software,

Ltd.

a

4,160,563

3,923

Datadog,

Inc.

a

484,883

33,212

Descartes

Systems

Group,

Inc.

a

3,039,894

203

DocuSign,

Inc.

a

12,089

20,356

Dolby

Laboratories,

Inc.

1,705,222

52,523

Dropbox,

Inc.

a

1,276,309

49,381

Dynatrace

Holdings,

LLC

a

2,293,254

2,146

Elastic

NV

a

215,115

9,209

Enphase

Energy,

Inc.

a

1,114,105

1,838

EPAM

Systems,

Inc.

a

507,582

1,544

F5,

Inc.

a

292,727

17,062

Fabrinet

a

3,225,059

141

First

Solar,

Inc.

a

23,801

106,129

Flex,

Ltd.

a

3,036,351

1,318

FormFactor,

Inc.

a

60,140

181,749

Fortinet,

Inc.

a

12,415,274

35

Gartner,

Inc.

a

16,683

12,369

Gilat

Satellite

Networks,

Ltd.

a

67,164

49,372

Gitlab,

Inc.

a

2,879,375

10,861

Globant

SA

a

2,192,836

127,683

Grid

Dynamics

Holdings,

Inc.

a

1,569,224

60,230

Guidewire

Software,

Inc.

a

7,029,443

25,597

Hackett

Group,

Inc.

622,007

4,804

Hewlett

Packard

Enterprise

Company

85,175

290

HP,

Inc.

8,764

6,247

HubSpot,

Inc.

a

3,914,120

727

Insight

Enterprises,

Inc.

a

134,873

7,381

International

Business

Machines

Corporation

1,409,476

5,524

IPG

Photonics

Corporation

a

500,972

6,444

Itron,

Inc.

a

596,199

143,722

JFrog,

Ltd.

a

6,355,387

5,708

Keysight

Technologies,

Inc.

a

892,617

6,277

KLA

Corporation

4,384,924

13,850

Knowles

Corporation

a

222,985

11,451

Kyndryl

Holdings,

Inc.

a

249,174

5,297

Lam

Research

Corporation

5,146,406

Shares

Common

Stock

(28.2%)

Value

Information

Technology

(8.3%)

-

continued

86,724

Lattice

Semiconductor

Corporation

a

$

6,784,418

12,387

Littelfuse,

Inc.

3,001,989

11,810

LiveRamp

Holding,

Inc.

a

407,445

10,873

Marvell

Technology,

Inc.

770,678

932

Microchip

Technology,

Inc.

83,610

387,736

Microsoft

Corporation

163,128,290

6,074

MKS

Instruments,

Inc.

807,842

6,145

MongoDB,

Inc.

a

2,203,843

5,633

Monolithic

Power

Systems,

Inc.

3,815,907

3,499

Motorola

Solutions,

Inc.

1,242,075

16,878

NetApp,

Inc.

1,771,684

1,576

NICE,

Ltd.

ADR

a

410,737

19,191

Nova,

Ltd.

a

3,404,100

140,512

NVIDIA

Corporation

126,961,023

2,240

ON

Semiconductor

Corporation

a

164,752

17,750

Onto

Innovation,

Inc.

a

3,214,170

769

OSI

Systems,

Inc.

a

109,829

69,974

PagerDuty,

Inc.

a

1,587,010

12,155

Palo

Alto

Networks,

Inc.

a

3,453,600

48,301

PDF

Solutions,

Inc.

a

1,626,295

3,054

Plexus

Corporation

a

289,580

1,850

Procore

Technologies,

Inc.

a

152,014

21,471

PTC,

Inc.

a

4,056,731

17,480

Q2

Holdings,

Inc.

a

918,749

2,864

Qorvo,

Inc.

a

328,873

194,586

QUALCOMM,

Inc.

32,943,410

8,053

Rapid7,

Inc.

a

394,919

5,113

RingCentral,

Inc.

a

177,626

88,095

Salesforce,

Inc.

26,532,452

61,171

Samsung

Electronics

Company,

Ltd.

3,676,225

40,406

ServiceNow,

Inc.

a

30,805,534

139,088

Shopify,

Inc.

a

10,733,421

17,267

Silicon

Laboratories,

Inc.

a

2,481,613

5,325

Skyworks

Solutions,

Inc.

576,804

27,138

SolarWinds

Corporation

a

342,482

7,783

Sprinklr,

Inc.

a

95,497

74,690

Sprout

Social,

Inc.

a

4,459,740

14,913

SPS

Commerce,

Inc.

a

2,757,414

6,756

Synopsys,

Inc.

a

3,861,054

8,534

Taiwan

Semiconductor

Manufacturing

Company,

Ltd.

ADR

1,161,051

25,995

TE

Connectivity,

Ltd.

3,775,514

726

Teledyne

Technologies,

Inc.

a

311,686

6,465

Tenable

Holdings,

Inc.

a

319,565

7,045

Teradata

Corporation

a

272,430

180

Teradyne,

Inc.

20,309

45,917

Trimble,

Inc.

a

2,955,218

156,077

TTM

Technologies,

Inc.

a

2,442,605

33,751

Tyler

Technologies,

Inc.

a

14,344,512

30,014

Unisys

Corporation

a

147,369

9,288

Universal

Display

Corporation

1,564,564

15,324

Upland

Software,

Inc.

a

47,351

86,532

Varonis

Systems,

Inc.

a

4,081,714

23,105

VeriSign,

Inc.

a

4,378,629

33,258

Viavi

Solutions,

Inc.

a

302,315

35,654

Vishay

Intertechnology,

Inc.

808,633

39,387

Vontier

Corporation

1,786,594

32,771

Workiva,

Inc.

a

2,778,981

6,794

Xerox

Holdings

Corporation

121,613

Total

790,181,370

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

208

Shares

Common

Stock

(28.2%)

Value

Materials

(0.7%)

1,666

Albemarle

Corporation

b

$

219,479

4,801

Alcoa

Corporation

162,226

2,869

AptarGroup,

Inc.

412,820

525

Avery

Dennison

Corporation

117,206

18,554

Avient

Corporation

805,244

36,444

Axalta

Coating

Systems,

Ltd.

a

1,253,309

6,704

Ball

Corporation

451,581

3,076

Berry

Plastics

Group,

Inc.

186,036

2,007

Carpenter

Technology

Corporation

143,340

13,794

Celanese

Corporation

2,370,637

27,561

CF

Industries

Holdings,

Inc.

2,293,351

45,385

Chemours

Company

1,191,810

29,691

Cleveland-Cliffs,

Inc.

a

675,173

22,195

Corteva,

Inc.

1,279,986

9,185

Eagle

Materials,

Inc.

2,496,024

19,090

Eastman

Chemical

Company

1,913,200

1,314

Greif,

Inc.

90,732

6,835

Huntsman

Corporation

177,915

12,253

Ingevity

Corporation

a

584,468

10,003

Innospec,

Inc.

1,289,787

17,986

Ivanhoe

Mines,

Ltd.

a

214,576

3,298

Kaiser

Aluminum

Corporation

294,709

23,624

Linde

plc

10,969,096

14,136

Louisiana-Pacific

Corporation

1,186,152

733

LyondellBasell

Industries

NV

74,971

6,499

Martin

Marietta

Materials,

Inc.

3,989,996

9,286

Metallus,

Inc.

a

206,613

799

Minerals

Technologies,

Inc.

60,149

39,731

Mosaic

Company

1,289,668

3,220

Myers

Industries,

Inc.

74,607

74,284

Nucor

Corporation

14,700,804

19,009

O-I

Glass,

Inc.

a

315,359

10,638

Orion

SA

250,206

1,978

PPG

Industries,

Inc.

286,612

687

Quaker

Chemical

Corporation

141,007

10,883

Radius

Recycling,

Inc.

229,958

164,724

Ranpak

Holdings

Corporation

a

1,296,378

898

Reliance,

Inc.

300,094

18,551

RPM

International,

Inc.

2,206,641

2,746

Ryerson

Holding

Corporation

91,991

5,576

Steel

Dynamics,

Inc.

826,530

56,355

Summit

Materials,

Inc.

a

2,511,742

24,937

SunCoke

Energy,

Inc.

281,040

3,425

TriMas

Corporation

91,550

43,364

Trinseo

plc

163,916

96,413

Tronox

Holdings

plc

1,672,766

1,066

United

States

Lime

&

Minerals,

Inc.

317,817

27,068

United

States

Steel

Corporation

1,103,833

3,955

Vulcan

Materials

Company

1,079,399

Total

64,342,504

Real

Estate

(0.9%)

83,414

Agree

Realty

Corporation

4,764,608

2,184

Alexandria

Real

Estate

Equities,

Inc.

281,539

2,437

Anywhere

Real

Estate,

Inc.

a

15,061

24,780

AvalonBay

Communities,

Inc.

4,598,177

10,685

Brixmor

Property

Group,

Inc.

250,563

8,744

CareTrust

REIT,

Inc.

213,091

35,399

CBRE

Group,

Inc.

a

3,442,199

176

Chatham

Lodging

Trust

1,779

132,574

Compass,

Inc.

a

477,266

37,046

CoStar

Group,

Inc.

a

3,578,644

17,497

Crown

Castle,

Inc.

1,851,708

113,788

Cushman

and

Wakefield

plc

a

1,190,222

Shares

Common

Stock

(28.2%)

Value

Real

Estate

(0.9%)

-

continued

20,192

DigitalBridge

Group,

Inc.

$

389,100

25,599

Douglas

Elliman,

Inc.

a

40,446

12,725

EastGroup

Properties,

Inc.

2,287,573

16,532

Elme

Communities

230,125

40,262

EPR

Properties

1,709,122

154,689

Equity

Commonwealth

a

2,920,528

8,390

Equity

Residential

529,493

243,928

Essential

Properties

Realty

Trust,

Inc.

6,503,121

1,758

Essex

Property

Trust,

Inc.

430,376

989

Extra

Space

Storage,

Inc.

145,383

17,158

First

Industrial

Realty

Trust,

Inc.

901,481

11,623

FirstService

Corporation

1,927,093

1,416

Forestar

Group,

Inc.

a

56,909

79,976

Four

Corners

Property

Trust,

Inc.

1,957,013

31,531

Getty

Realty

Corporation

862,373

97,481

Healthcare

Realty

Trust,

Inc.

1,379,356

6,892

Howard

Hughes

Holdings,

Inc.

a

500,497

53,512

Independence

Realty

Trust,

Inc.

863,149

24,604

Industrial

Logistics

Properties

Trust

105,551

63,115

Invitation

Homes,

Inc.

2,247,525

32,600

Kennedy-Wilson

Holdings,

Inc.

279,708

124,095

LXP

Industrial

Trust

1,119,337

44,135

National

Storage

Affiliates

Trust

1,728,327

62,649

NetSTREIT

Corporation

1,150,862

35,492

NNN

REIT,

Inc.

1,516,928

35,587

Park

Hotels

&

Resorts,

Inc.

622,417

4,949

Peakstone

Realty

Trust

79,827

41,763

Pebblebrook

Hotel

Trust

643,568

109,166

Phillips

Edison

and

Company,

Inc.

3,915,784

5,292

Plymouth

Industrial

REIT,

Inc.

119,070

25,275

Retail

Opportunity

Investments

Corporation

324,026

8,557

Rexford

Industrial

Realty,

Inc.

430,417

33,049

RLJ

Lodging

Trust

390,639

3,876

RMR

Group,

Inc.

93,024

17,060

Sabra

Health

Care

REIT,

Inc.

251,976

61,661

SBA

Communications

Corporation

13,361,939

91,649

STAG

Industrial,

Inc.

3,522,988

30,177

Summit

Hotel

Properties,

Inc.

196,452

15,352

Tanger,

Inc.

453,345

78,655

Terreno

Realty

Corporation

5,222,692

58,851

UDR,

Inc.

2,201,616

5,812

Ventas,

Inc.

253,055

4,444

Welltower,

Inc.

415,247

5,257

Zillow

Group,

Inc.

a

251,600

10,837

Zillow

Group,

Inc.

Class

C

a

528,629

Total

85,724,544

Utilities

(0.4%)

1,964

ALLETE,

Inc.

117,133

5,066

Alliant

Energy

Corporation

255,326

2,877

American

States

Water

Company

207,834

19,530

American

Water

Works

Company,

Inc.

2,386,761

583

Artesian

Resources

Corporation

21,635

8,771

CenterPoint

Energy,

Inc.

249,886

49,457

Clearway

Energy,

Inc.,

Class

A

1,063,820

68,070

Clearway

Energy,

Inc.,

Class

C

1,569,014

14,748

Constellation

Energy

Corporation

2,726,168

23,211

Duke

Energy

Corporation

2,244,736

18,425

Entergy

Corporation

1,947,154

174,673

Evergy,

Inc.

9,324,045

17,372

Eversource

Energy

1,038,324

2,270

NextEra

Energy

Partners,

LP

68,282

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

209

Shares

Common

Stock

(28.2%)

Value

Utilities

(0.4%)

-

continued

9,649

NiSource,

Inc.

$

266,891

10,046

Northwestern

Energy

Group,

Inc.

511,643

6,592

OGE

Energy

Corporation

226,106

19,811

PNM

Resources,

Inc.

745,686

86,717

Portland

General

Electric

Company

3,642,114

28,229

Public

Service

Enterprise

Group,

Inc.

1,885,133

2,236

Spire,

Inc.

137,223

161,162

UGI

Corporation

3,954,915

115,844

Xcel

Energy,

Inc.

6,226,615

Total

40,816,444

Total

Common

Stock

(cost

$1,747,378,992)

2,698,539,234

Principal

Amount

Long-Term

Fixed

Income

(

20.3%

)

Value

Asset-Backed

Securities

(0.5%)

510

Asset

Backed

Trust

$

2,500,000

3.967%, 

5/25/2061,

Ser.

2021-NPL1,

Class

A2

c,d

2,307,842

720

East

CLO

I,

Ltd.

2,500,000

8.568%, 

(TSFR3M

+

3.250%),

1/20/2036,

Ser.

2022-1A,

Class

B

c,e

2,524,597

825,000

9.568%, 

(TSFR3M

+

4.250%),

1/20/2036,

Ser.

2022-1A,

Class

C

c,e

833,123

Access

Group,

Inc.

121,036

5.935%, 

(SOFR30A

+

0.614%),

2/25/2036,

Ser.

2013-1,

Class

A

c,e

119,547

AMSR

Trust

1,400,000

2.352%, 

6/17/2038,

Ser.

2021-SFR1,

Class

C

c

1,226,470

4,500,000

1.877%, 

8/17/2038,

Ser.

2021-SFR2,

Class

C

c

4,094,552

1,750,000

2.517%, 

12/17/2038,

Ser.

2021-SFR4,

Class

C

c

1,591,294

Ares

XL

CLO,

Ltd.

2,750,000

8.376%, 

(TSFR3M

+

3.062%),

1/15/2029,

Ser.

2016-40A,

Class

CRR

c,e

2,745,394

Avis

Budget

Rental

Car

Funding

AESOP,

LLC

688,000

5.360%, 

6/20/2030,

Ser.

2024-1A,

Class

A

c

691,407

CMFT

Net

Lease

Master

Issuer,

LLC

1,699,926

2.090%, 

7/20/2051,

Ser.

2021-1,

Class

A1

c

1,461,721

Commonbond

Student

Loan

Trust

127,080

5.944%, 

(TSFR1M

+

0.614%),

2/25/2044,

Ser.

2018-AGS,

Class

A2

c,e

124,806

Drive

Auto

Receivables

Trust

1,500,000

1.390%, 

3/15/2029,

Ser.

2021-2,

Class

D

1,435,943

Dryden

36

Senior

Loan

Fund

2,325,000

7.626%, 

(TSFR3M

+

2.312%),

4/15/2029,

Ser.

2014-36A,

Class

CR3

c,e

2,324,867

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Asset-Backed

Securities

(0.5%)

-

continued

Foundation

Finance

Trust

$

965,217

1.270%, 

5/15/2041,

Ser.

2021-1A,

Class

A

c

$

876,746

FRTKL

Trust

3,050,000

1.922%, 

9/17/2038,

Ser.

2021-SFR1,

Class

C

c

2,771,377

Goodgreen

1,891,215

3.860%, 

10/15/2054,

Ser.

2019-1A,

Class

A

c

1,697,830

Home

Partners

of

America

Trust

3,172,750

2.302%, 

12/17/2026,

Ser.

2021-2,

Class

B

c

2,897,720

2,595,790

2.078%, 

9/17/2041,

Ser.

2021-1,

Class

C

c

2,153,428

Laurel

Road

Prime

Student

Loan

Trust

1,006,199

5.920%, 

11/25/2043,

Ser.

2018-D,

Class

A

c,e

935,665

Longfellow

Place

CLO,

Ltd.

630,259

7.876%, 

(TSFR3M

+

2.562%),

4/15/2029,

Ser.

2013-1A,

Class

CR3

c,e

630,176

National

Collegiate

Trust

664,960

5.739%, 

(LIBOR

1M

+

0.295%),

5/25/2031,

Ser.

2007-A,

Class

A

c,e

648,082

Oak

Street

Investment

2,175,837

1.850%, 

11/20/2050,

Ser.

2020-1A,

Class

A1

c

2,018,058

Pretium

Mortgage

Credit

Partners,

LLC

1,177,185

5.240%, 

4/25/2052,

Ser.

2022-NPL2,

Class

A1

c,d

1,158,120

813,816

5.240%, 

9/27/2060,

Ser.

2021-NPL1,

Class

A1

c,d

801,193

Progress

Residential

Trust

1,400,000

3.350%, 

2/17/2041,

Ser.

2024-SFR1,

Class

A

c

1,289,437

Renaissance

Home

Equity

Loan

Trust

3,418,210

5.580%, 

11/25/2036,

Ser.

2006-3,

Class

AF2

d

1,135,784

Saxon

Asset

Securities

Trust

1,204,048

3.243%, 

8/25/2035,

Ser.

2004-2,

Class

MF2

e

1,006,823

VCAT

Asset

Securitization,

LLC

1,473,468

4.826%, 

12/26/2050,

Ser.

2021-NPL1,

Class

A2

c,d

1,470,602

Vericrest

Opportunity

Loan

Transferee

1,046,966

4.893%, 

2/27/2051,

Ser.

2021-NPL2,

Class

A1

c,d

1,016,006

1,104,536

4.949%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A2

c,d

983,608

779,258

5.116%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A1

c,d

758,163

1,000,000

5.438%, 

12/26/2051,

Ser.

2021-NP12,

Class

A2

c,d

846,826

Wind

River

CLO,

Ltd.

1,650,000

7.579%, 

(TSFR3M

+

2.262%),

7/20/2030,

Ser.

2013-1A,

Class

BRR

c,e

1,649,974

Total

48,227,181

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

210

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Basic

Materials

(0.2%)

Anglo

American

Capital

plc

$

750,000

3.875%, 

3/16/2029

c

$

701,650

ATI,

Inc.

340,000

7.250%, 

8/15/2030

351,432

Axalta

Coating

Systems

Dutch

Holding

B

BV

297,000

7.250%, 

2/15/2031

c

308,942

Baffinland

Iron

Mines

Corporation/

Baffinland

Iron

Mines,

LP

66,000

8.750%, 

7/15/2026

c

60,871

Cascades,

Inc./Cascades

USA,

Inc.

400,000

5.125%, 

1/15/2026

c

392,079

Chemours

Company

703,000

5.750%, 

11/15/2028

c

648,235

Cleveland-Cliffs,

Inc.

450,000

5.875%, 

6/1/2027

449,200

290,000

4.625%, 

3/1/2029

c

270,339

Consolidated

Energy

Finance

SA

953,000

5.625%, 

10/15/2028

c

799,795

EIDP,

Inc.

616,000

4.500%, 

5/15/2026

608,907

First

Quantum

Minerals,

Ltd.

869,000

6.875%, 

10/15/2027

c

833,167

FMC

Corporation

624,000

5.150%, 

5/18/2026

620,037

Glencore

Funding,

LLC

616,000

3.375%, 

9/23/2051

c

421,623

944,000

4.000%, 

3/27/2027

c

912,551

619,000

6.125%, 

10/6/2028

c

639,656

Hecla

Mining

Company

220,000

7.250%, 

2/15/2028

220,241

Hudbay

Minerals,

Inc.

510,000

4.500%, 

4/1/2026

c

494,005

Illuminate

Buyer,

LLC/Illuminate

Holdings

IV,

Inc.

431,000

9.000%, 

7/1/2028

c

425,181

Innophos

Holdings,

Inc.

160,000

9.375%, 

2/15/2028

c

133,453

International

Flavors

&

Fragrances,

Inc.

739,000

1.230%, 

10/1/2025

c

691,704

Mercer

International,

Inc.

192,000

5.125%, 

2/1/2029

168,763

Methanex

Corporation

251,000

4.250%, 

12/1/2024

248,826

Mineral

Resources,

Ltd.

102,000

9.250%, 

10/1/2028

c

107,426

Mosaic

Company

588,000

5.375%, 

11/15/2028

595,064

Newmont

Corporation/Newcrest

Finance,

Pty.

Ltd.

227,000

5.350%, 

3/15/2034

c

228,448

Novelis

Corporation

200,000

3.250%, 

11/15/2026

c

186,356

290,000

4.750%, 

1/30/2030

c

267,560

200,000

3.875%, 

8/15/2031

c

171,801

Nutrien,

Ltd.

308,000

4.900%, 

3/27/2028

306,369

OCI

NV

353,000

4.625%, 

10/15/2025

c

344,808

Olin

Corporation

765,000

5.125%, 

9/15/2027

747,308

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Basic

Materials

(0.2%)

-

continued

SCIL

IV,

LLC/SCIL

USA

Holdings,

LLC

$

335,000

5.375%, 

11/1/2026

c

$

325,128

Smurfit

Kappa

Treasury,

ULC

627,000

5.777%, 

4/3/2054

c,f

634,208

SNF

Group

SACA

508,000

3.375%, 

3/15/2030

c

439,731

SunCoke

Energy,

Inc.

544,000

4.875%, 

6/30/2029

c

492,539

Taseko

Mines,

Ltd.

586,000

7.000%, 

2/15/2026

b,c

588,397

Tronox,

Inc.

166,000

4.625%, 

3/15/2029

c

148,891

Unifrax

Escrow

Issuer

Corporation

463,000

5.250%, 

9/30/2028

c

298,579

United

States

Steel

Corporation

538,000

6.875%, 

3/1/2029

543,161

Total

16,826,431

Capital

Goods

(0.4%)

AAR

Escrow

Issuer,

LLC

397,000

6.750%, 

3/15/2029

c

400,055

Advanced

Drainage

Systems,

Inc.

446,000

6.375%, 

6/15/2030

c

448,308

AECOM

329,000

5.125%, 

3/15/2027

323,194

Amsted

Industries,

Inc.

420,000

5.625%, 

7/1/2027

c

413,693

ARD

Finance

SA

144,000

6.500%, 

6/30/2027

c

48,189

Ardagh

Packaging

Finance

plc/

Ardagh

Holdings

USA,

Inc.

500,000

5.250%, 

8/15/2027

b,c

315,000

200,000

5.250%, 

8/15/2027

b,c

126,000

BAE

Systems

plc

250,000

5.500%, 

3/26/2054

c

252,372

300,000

5.250%, 

3/26/2031

c

301,229

Boeing

Company

1,280,000

5.930%, 

5/1/2060

1,200,045

712,000

5.040%, 

5/1/2027

698,572

1,475,000

5.705%, 

5/1/2040

1,411,784

Bombardier,

Inc.

549,000

7.875%, 

4/15/2027

c

549,384

435,000

6.000%, 

2/15/2028

c

427,898

Brand

Industrial

Services,

Inc.

375,000

10.375%, 

8/1/2030

c

405,999

Builders

FirstSource,

Inc.

330,000

5.000%, 

3/1/2030

c

314,880

Canpack

SA/Canpack

US,

LLC

671,000

3.875%, 

11/15/2029

c

593,802

Carrier

Global

Corporation

709,000

2.700%, 

2/15/2031

610,051

Chart

Industries,

Inc.

507,000

7.500%, 

1/1/2030

c

526,492

Clean

Harbors,

Inc.

674,000

6.375%, 

2/1/2031

c

678,950

Clydesdale

Acquisition

Holdings,

Inc.

68,000

6.625%, 

4/15/2029

c

67,945

136,000

8.750%, 

4/15/2030

c

133,625

CNH

Industrial

NV

484,000

3.850%, 

11/15/2027

464,775

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

211

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Capital

Goods

(0.4%)

-

continued

Cornerstone

Building

Brands,

Inc.

$

348,000

6.125%, 

1/15/2029

c

$

310,191

Covanta

Holding

Corporation

276,000

4.875%, 

12/1/2029

c

247,365

CP

Atlas

Buyer,

Inc.

555,000

7.000%, 

12/1/2028

b,c

520,872

Crown

Cork

&

Seal

Company,

Inc.

434,000

7.375%, 

12/15/2026

455,317

EMRLD

Borrower,

LP/Emerald

Co-

Issuer,

Inc.

510,000

6.625%, 

12/15/2030

c

514,892

GFL

Environmental,

Inc.

415,000

4.000%, 

8/1/2028

c

382,496

674,000

3.500%, 

9/1/2028

c

617,379

H&E

Equipment

Services,

Inc.

865,000

3.875%, 

12/15/2028

c

791,893

Herc

Holdings,

Inc.

421,000

5.500%, 

7/15/2027

c

413,502

Howmet

Aerospace,

Inc.

923,000

5.950%, 

2/1/2037

955,241

Ingersoll

Rand,

Inc.

151,000

5.700%, 

8/14/2033

154,901

Lockheed

Martin

Corporation

550,000

5.200%, 

2/15/2064

543,836

374,000

6.150%, 

9/1/2036

407,815

Mauser

Packaging

Solutions

Holding

Company

351,000

9.250%, 

4/15/2027

c

348,204

Miter

Brands

Acquisition

Holdco,

Inc./MIWD

Borrower,

LLC

100,000

6.750%, 

4/1/2032

c

100,342

MIWD

Holdco

II,

LLC

273,000

5.500%, 

2/1/2030

c

251,242

Mueller

Water

Products,

Inc.

286,000

4.000%, 

6/15/2029

c

259,411

Nesco

Holdings

II,

Inc.

525,000

5.500%, 

4/15/2029

c

496,704

New

Enterprise

Stone

and

Lime

Company,

Inc.

659,000

5.250%, 

7/15/2028

c

631,316

Nordson

Corporation

615,000

5.600%, 

9/15/2028

626,382

Northrop

Grumman

Corporation

1,225,000

3.850%, 

4/15/2045

985,792

OI

European

Group

BV

551,000

4.750%, 

2/15/2030

c

507,304

Owens-Brockway

Glass

Container,

Inc.

272,000

6.625%, 

5/13/2027

c

272,154

Pactiv

Evergreen

Group

395,000

4.375%, 

10/15/2028

c

368,484

PGT

Innovations,

Inc.

529,000

4.375%, 

10/1/2029

c

537,160

Regal

Rexnord

Corporation

770,000

6.050%, 

2/15/2026

c

773,977

Roller

Bearing

Company

of

America,

Inc.

386,000

4.375%, 

10/15/2029

c

353,429

Rolls-Royce

plc

247,000

5.750%, 

10/15/2027

c

247,675

RTX

Corporation

201,000

6.400%, 

3/15/2054

227,403

500,000

4.125%, 

11/16/2028

483,642

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Capital

Goods

(0.4%)

-

continued

$

900,000

4.450%, 

11/16/2038

$

810,639

Sealed

Air

Corporation

424,000

6.125%, 

2/1/2028

c

424,880

Smyrna

Ready

Mix

Concrete,

LLC

472,000

8.875%, 

11/15/2031

c

504,517

Spirit

AeroSystems,

Inc.

495,000

9.750%, 

11/15/2030

c

553,690

SRM

Escrow

Issuer,

LLC

294,000

6.000%, 

11/1/2028

c

287,343

Summit

Materials,

LLC/Summit

Materials

Finance

Corporation

134,000

7.250%, 

1/15/2031

c

139,278

Textron,

Inc.

1,010,000

3.375%, 

3/1/2028

945,601

Titan

Acquisition,

Ltd./Titan

Co-

Borrower,

LLC

220,000

7.750%, 

4/15/2026

b,c

219,738

Trane

Technologies

Financing,

Ltd.

454,000

3.500%, 

3/21/2026

439,186

TransDigm,

Inc.

878,000

5.500%, 

11/15/2027

859,345

569,000

7.125%, 

12/1/2031

c

586,387

463,000

6.625%, 

3/1/2032

c

467,765

Triumph

Group,

Inc.

454,000

9.000%, 

3/15/2028

c

478,621

Trivium

Packaging

Finance

233,000

5.500%, 

8/15/2026

c

229,733

212,000

8.500%, 

8/15/2027

c

209,356

United

Rentals

North

America,

Inc.

525,000

4.875%, 

1/15/2028

510,907

430,000

4.000%, 

7/15/2030

391,327

Veralto

Corporation

619,000

5.350%, 

9/18/2028

c

627,033

Waste

Management,

Inc.

612,000

4.875%, 

2/15/2034

607,813

Waste

Pro

USA,

Inc.

255,000

5.500%, 

2/15/2026

c

251,144

WESCO

Distribution,

Inc.

319,000

7.250%, 

6/15/2028

c

325,679

166,000

6.375%, 

3/15/2029

c

167,707

116,000

6.625%, 

3/15/2032

c

117,878

Total

34,654,130

Collateralized

Mortgage

Obligations

(0.9%)

Alternative

Loan

Trust

524,887

6.000%, 

8/1/2036,

Ser.

2006-24CB,

Class

A9

292,669

Angel

Oak

Mortgage

Trust

1,684,343

5.985%, 

1/25/2069,

Ser.

2024-2,

Class

A1

c,d

1,678,416

Arroyo

Mortgage

Trust

3,000,000

3.269%, 

12/25/2056,

Ser.

2022-1,

Class

A1B

c,d

2,666,403

BINOM

Securitization

Trust

1,200,348

2.370%, 

6/25/2056,

Ser.

2021-INV1,

Class

A2

c,e

1,029,341

CHNGE

Mortgage

Trust

2,122,619

7.100%, 

7/25/2058,

Ser.

2023-3,

Class

A1

c,d

2,122,682

2,528,736

6.000%, 

10/25/2057,

Ser.

2022-4,

Class

A1

c,d

2,493,207

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

212

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Collateralized

Mortgage

Obligations

(0.9%)

-

continued

Citicorp

Mortgage

Securities,

Inc.

$

1,460,263

6.000%, 

7/25/2037,

Ser.

2007-6,

Class

1A4

$

1,283,114

COLT

Mortgage

Loan

Trust

2,409,875

1.726%, 

11/25/2066,

Ser.

2021-5,

Class

A1

c,e

2,058,887

Countrywide

Alternative

Loan

Trust

731,945

4.009%, 

10/25/2035,

Ser.

2005-43,

Class

4A1

e

591,231

1,661,216

7.000%, 

10/25/2037,

Ser.

2007-24,

Class

A10

597,554

Countrywide

Home

Loans,

Inc.

336,633

5.750%, 

4/25/2037,

Ser.

2007-3,

Class

A27

154,699

Credit

Suisse

Mortgage

Trust

1,500,000

3.346%, 

1/25/2067,

Ser.

2022-ATH1,

Class

A1B

c,e

1,296,144

2,450,000

4.000%, 

2/25/2067,

Ser.

2022-NQM2,

Class

A1B

c,e

2,185,795

1,295,406

6.567%, 

8/25/2067,

Ser.

2022-ATH3,

Class

A3

c,e

1,275,162

1,272,715

2.572%, 

11/25/2066,

Ser.

2022-NQM1,

Class

A2

c,e

1,071,039

Deutsche

Alt-A

Securities,

Inc.,

Mortgage

Loan

Trust

146,651

6.000%, 

4/25/2024,

Ser.

2006-AR5,

Class

23A

77,938

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

3,525,677

4.000%, 

1/25/2051,

Ser.

5249,

Class

LA

3,369,615

2,401,113

4.000%, 

9/25/2052,

Ser.

5256,

Class

A

2,267,525

927,837

3.000%, 

2/15/2033,

Ser.

4170,

Class

IG

g

72,160

1,798,151

3.000%, 

3/15/2033,

Ser.

4180,

Class

PI

g

170,215

3,323,691

4.500%, 

10/15/2033,

Ser.

2695,

Class

BH

3,272,112

3,000,000

2.500%, 

12/15/2048,

Ser.

5094,

Class

BC

2,350,456

Federal

National

Mortgage

Association

-

REMIC

642,631

5.000%, 

3/25/2054,

Ser.

2024-9,

Class

ZC

619,984

3,528,673

4.500%, 

6/25/2052,

Ser.

2022-43,

Class

MA

3,448,507

2,882,193

4.000%, 

7/25/2052,

Ser.

2022-37,

Class

PE

2,750,289

3,682,991

Zero

Coupon, 

11/25/2053,

Ser.

2023-54,

Class

EO

2,915,484

1,731,170

3.000%, 

12/25/2027,

Ser.

2012-137,

Class

AI

g

55,838

7,685,376

5.250%, 

7/25/2039,

Ser.

2022-72,

Class

CB

7,611,818

3,424,379

4.500%, 

1/25/2046,

Ser.

2022-68,

Class

BA

3,340,527

Flagstar

Mortgage

Trust

1,422,835

2.500%, 

9/25/2041,

Ser.

2021-9INV,

Class

A1

c,e

1,244,608

GCAT

Trust

1,944,955

1.855%, 

8/25/2066,

Ser.

2021-NQM6,

Class

A1

c,e

1,708,503

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Collateralized

Mortgage

Obligations

(0.9%)

-

continued

GS

Mortgage-Backed

Securities

Trust

$

2,809,308

3.000%, 

6/25/2052,

Ser.

2022-GR1,

Class

A2

c,e

$

2,345,662

J.P.

Morgan

Mortgage

Trust

2,791,968

2.500%, 

2/25/2052,

Ser.

2021-INV7,

Class

A2A

c,e

2,236,847

1,819,792

2.774%, 

5/25/2052,

Ser.

2021-LTV2,

Class

A2

c,e

1,499,953

LHOME

Mortgage

Trust

192,180

3.090%, 

6/25/2026,

Ser.

2021-RTL2,

Class

A1

c

191,679

1,650,000

7.628%, 

11/25/2028,

Ser.

2023-RTL4,

Class

A1

c,d

1,669,835

Mello

Mortgage

Capital

Acceptance

2,784,198

2.500%, 

8/25/2051,

Ser.

2021-INV2,

Class

A3

c,e

2,230,621

Merrill

Lynch

Alternative

Note

Asset

Trust

340,520

6.000%, 

3/25/2037,

Ser.

2007-F1,

Class

2A1

124,706

New

Residential

Mortgage

Loan

Trust

6,099,127

2.500%, 

9/25/2051,

Ser.

2021-INV2,

Class

A2

c,e

4,886,449

NYMT

Loan

Trust

I

1,214,291

2.239%, 

5/25/2026,

Ser.

2021-BPL1,

Class

A1

c,d

1,196,533

OBX

Trust

1,550,000

3.688%, 

1/25/2062,

Ser.

2022-NQM3,

Class

A1B

c,e

1,355,270

Palisades

Mortgage

Loan

Trust

3,298,422

3.487%, 

6/25/2026,

Ser.

2021-RTL1,

Class

A1

c

3,298,422

Residential

Accredit

Loans,

Inc.

Trust

671,202

6.000%, 

8/25/2035,

Ser.

2005-QS10,

Class

2A

567,707

ROC

Securities

Trust

Series

2,579,305

3.487%, 

8/25/2026,

Ser.

2021-RTL1,

Class

A1

c,e

2,564,663

Saluda

Grade

Alternative

Mortgage

Trust

2,500,000

7.762%, 

4/25/2030,

Ser.

2024-RTL5,

Class

A1

c,d

2,501,741

Sequoia

Mortgage

Trust

620,674

3.626%, 

9/20/2046,

Ser.

2007-1,

Class

4A1

e

418,885

Toorak

Mortgage

Corporation,

Ltd.

1,135,420

3.240%, 

6/25/2024,

Ser.

2021-1,

Class

A1

c

1,123,415

TRK

Trust

1,929,523

1.966%, 

11/25/2056,

Ser.

2021-INV2,

Class

A1

c,e

1,653,232

Unlock

HEA

Trust

1,750,000

7.000%, 

4/25/2039,

Ser.

2024-1,

Class

A

c

1,710,625

Vericrest

Opportunity

Loan

Transferee

1,038,798

5.116%, 

3/27/2051,

Ser.

2021-NPL5,

Class

A1

c,d

1,016,325

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

213

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Collateralized

Mortgage

Obligations

(0.9%)

-

continued

Verus

Securitization

Trust

$

1,082,972

2.286%, 

11/25/2066,

Ser.

2021-8,

Class

A2

c,e

$

909,260

625,408

6.664%, 

12/25/2068,

Ser.

2023-8,

Class

A2

c,d

628,465

Total

90,202,217

Commercial

Mortgage-Backed

Securities

(0.6%)

BANK

2022-BNK39

39,808,717

0.423%, 

2/15/2055,

Ser.

2022-BNK39,

Class

XA

e,g

1,060,468

BBCMS

Mortgage

Trust

21,805,182

0.713%, 

2/15/2055,

Ser.

2022-C14,

Class

XA

e,g

854,918

17,941,649

1.151%, 

9/15/2055,

Ser.

2022-C17,

Class

XA

e,g

1,362,051

18,531,090

1.820%, 

10/15/2053,

Ser.

2020-C8,

Class

XA

e,g

1,536,837

Federal

Home

Loan

Mortgage

Corporation

Multifamily

Structured

Pass

Through

Certificates

8,000,000

3.000%, 

6/25/2032,

Ser.

K147,

Class

A2

e,h

7,098,301

5,475,000

3.500%, 

7/25/2032,

Ser.

K148,

Class

A2

e,h

5,038,655

8,750,000

3.530%, 

8/25/2032,

Ser.

K149,

Class

A2

h

8,060,827

1,300,000

3.710%, 

9/25/2032,

Ser.

K-150,

Class

A2

e,h

1,212,599

8,000,000

3.800%, 

10/25/2032,

Ser.

K-151,

Class

A2

e,h

7,507,503

7,000,000

3.820%, 

12/25/2032,

Ser.

K-153,

Class

A2

e,h

6,

575,598

6,500,000

4.500%, 

8/25/2033,

Ser.

K-160,

Class

A2

e,h

6,409,937

9,400,000

5.150%, 

12/25/2033,

Ser.

K-162,

Class

A2

h

9,730,604

Morgan

Stanley

Capital

I

Trust

19,716,578

1.830%, 

7/15/2053,

Ser.

2020-HR8,

Class

XA

e,g

1,729,684

SCOTT

Trust

3,000,000

5.910%, 

3/15/2040,

Ser.

2023-SFS,

Class

A

c

3,017,131

Total

61,195,113

Communications

Services

(0.6%)

Allen

Media,

LLC/Allen

Media

Co-

Issuer,

Inc.

461,000

10.500%, 

2/15/2028

c

213,676

Altice

Financing

SA

398,000

5.750%, 

8/15/2029

c

318,894

Altice

France

SA/France

265,000

8.125%, 

2/1/2027

c

207,139

972,000

5.500%, 

10/15/2029

c

659,729

AMC

Networks,

Inc.

282,000

4.750%, 

8/1/2025

b

281,644

83,000

10.250%, 

1/15/2029

c,f

83,603

American

Tower

Corporation

340,000

3.375%, 

10/15/2026

324,748

619,000

5.800%, 

11/15/2028

633,751

793,000

2.900%, 

1/15/2030

697,235

412,000

5.650%, 

3/15/2033

418,446

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Communications

Services

(0.6%)

-

continued

AT&T,

Inc.

$

923,000

3.650%, 

6/1/2051

$

677,608

1,282,000

3.500%, 

9/15/2053

904,480

675,000

2.300%, 

6/1/2027

622,190

825,000

4.350%, 

3/1/2029

b

803,750

621,000

5.400%, 

2/15/2034

629,146

1,265,000

4.900%, 

8/15/2037

1,200,296

Bell

Telephone

Company

of

Canada

829,000

5.550%, 

2/15/2054

827,609

CCO

Holdings,

LLC/CCO

Holdings

Capital

Corporation

900,000

5.125%, 

5/1/2027

c

857,494

404,000

5.000%, 

2/1/2028

c

376,086

634,000

6.375%, 

9/1/2029

c

601,465

750,000

4.750%, 

3/1/2030

c

643,981

271,000

4.250%, 

2/1/2031

c

221,312

394,000

4.750%, 

2/1/2032

c

321,553

425,000

4.250%, 

1/15/2034

c

320,813

Charter

Communications

Operating,

LLC/Charter

Communications

Operating

Capital

Corporation

426,000

6.150%, 

11/10/2026

429,336

920,000

4.200%, 

3/15/2028

867,126

1,400,000

3.500%, 

6/1/2041

940,066

Cimpress

plc

340,000

7.000%, 

6/15/2026

340,306

Clear

Channel

Outdoor

Holdings,

Inc.

600,000

7.500%, 

6/1/2029

c

496,225

Clear

Channel

Worldwide

Holdings,

Inc.

685,000

5.125%, 

8/15/2027

c

645,705

Comcast

Corporation

923,000

5.350%, 

5/15/2053

916,075

786,000

2.887%, 

11/1/2051

510,211

609,000

4.250%, 

10/15/2030

588,323

640,000

4.400%, 

8/15/2035

600,748

1,090,000

4.750%, 

3/1/2044

1,001,294

Connect

Finco

SARL/Connect

US

Finco,

LLC

261,000

6.750%, 

10/1/2026

c

255,852

CSC

Holdings,

LLC

792,000

5.375%, 

2/1/2028

c

681,217

180,000

11.750%, 

1/31/2029

c

180,281

492,000

6.500%, 

2/1/2029

c

416,877

732,000

5.750%, 

1/15/2030

c

387,501

Deutsche

Telekom

International

Finance

BV

1,535,000

8.750%, 

6/15/2030

1,814,543

DIRECTV

Financing,

LLC/DIRECTV

Financing

Co-Obligor,

Inc.

1,034,000

5.875%, 

8/15/2027

c

978,201

Discovery

Communications,

LLC

1,069,000

4.900%, 

3/11/2026

1,058,384

DISH

DBS

Corporation

176,000

5.875%, 

11/15/2024

b

168,630

243,000

5.250%, 

12/1/2026

b,c

191,340

174,000

7.375%, 

7/1/2028

83,768

324,000

5.750%, 

12/1/2028

b,c

222,671

269,000

5.125%, 

6/1/2029

112,197

DISH

Network

Corporation

321,000

11.750%, 

11/15/2027

c

327,719

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

214

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Communications

Services

(0.6%)

-

continued

Frontier

Communications

Holdings,

LLC

$

567,000

5.875%, 

10/15/2027

c

$

548,933

456,000

6.750%, 

5/1/2029

c

406,383

127,000

8.750%, 

5/15/2030

c

129,949

GCI,

LLC

520,000

4.750%, 

10/15/2028

c

476,791

Gray

Television,

Inc.

490,000

4.750%, 

10/15/2030

c

321,361

236,000

5.375%, 

11/15/2031

c

154,750

iHeartCommunications,

Inc.

398,000

6.375%, 

5/1/2026

339,529

Iliad

Holding

SASU

627,000

6.500%, 

10/15/2026

c

621,127

Lamar

Media

Corporation

274,000

3.625%, 

1/15/2031

240,416

LCPR

Senior

Secured

Financing

DAC

679,000

6.750%, 

10/15/2027

c

637,254

Level

3

Financing,

Inc.

744,000

4.625%, 

9/15/2027

c

494,760

430,000

4.250%, 

7/1/2028

c

202,100

243,000

10.500%, 

5/15/2030

b,c

248,468

McGraw-Hill

Education,

Inc.

527,000

8.000%, 

8/1/2029

c

495,337

Meta

Platforms,

Inc.

462,000

5.600%, 

5/15/2053

488,304

552,000

4.800%, 

5/15/2030

555,024

1,093,000

3.850%, 

8/15/2032

1,024,212

Netflix,

Inc.

338,000

5.875%, 

11/15/2028

351,360

552,000

5.375%, 

11/15/2029

c

563,309

500,000

4.875%, 

6/15/2030

c

496,502

News

Corporation

487,000

3.875%, 

5/15/2029

c

445,338

NTT

Finance

Corporation

1,077,000

4.372%, 

7/27/2027

c

1,058,048

Omnicom

Group,

Inc.

435,000

4.200%, 

6/1/2030

414,062

Outfront

Media

Capital,

LLC/

Outfront

Media

Capital

Corporation

205,000

4.625%, 

3/15/2030

c

183,850

Paramount

Global

287,000

6.375%, 

3/30/2062

e

265,181

Playtika

Holding

Corporation

428,000

4.250%, 

3/15/2029

c

370,525

Rogers

Communications,

Inc.

760,000

5.000%, 

2/15/2029

754,722

997,000

5.300%, 

2/15/2034

988,106

Scripps

Escrow

II,

Inc.

154,000

3.875%, 

1/15/2029

c

122,456

220,000

5.375%, 

1/15/2031

c

135,359

Sinclair

Television

Group,

Inc.

598,000

4.125%, 

12/1/2030

c

435,559

Sirius

XM

Radio,

Inc.

685,000

5.000%, 

8/1/2027

c

659,027

365,000

4.000%, 

7/15/2028

c

333,928

Sprint

Capital

Corporation

1,553,000

8.750%, 

3/15/2032

1,883,093

Take-Two

Interactive

Software,

Inc.

620,000

4.950%, 

3/28/2028

617,617

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Communications

Services

(0.6%)

-

continued

TEGNA,

Inc.

$

166,000

4.750%, 

3/15/2026

c

$

162,747

530,000

4.625%, 

3/15/2028

b

484,767

Telecom

Italia

Capital

SA

417,000

6.000%, 

9/30/2034

381,411

Telecom

Italia

SPA/Milano

213,000

5.303%, 

5/30/2024

c

211,841

Telesat

Canada/Telesat,

LLC

270,000

4.875%, 

6/1/2027

c

140,400

100,000

6.500%, 

10/15/2027

c

40,000

T-Mobile

USA,

Inc.

1,539,000

3.600%, 

11/15/2060

1,079,100

916,000

4.850%, 

1/15/2029

909,215

1,100,000

4.375%, 

4/15/2040

979,708

United

States

Cellular

Corporation

113,000

6.700%, 

12/15/2033

110,757

Uniti

Group,

LP/Uniti

Group

Finance,

Inc./CSL

Capital,

LLC

504,000

4.750%, 

4/15/2028

c

440,055

294,000

6.500%, 

2/15/2029

c

227,858

Univision

Communications,

Inc.

554,000

4.500%, 

5/1/2029

c

495,084

Urban

One,

Inc.

99,000

7.375%, 

2/1/2028

c

84,006

Verizon

Communications,

Inc.

923,000

3.000%, 

11/20/2060

575,570

2,689,000

2.650%, 

11/20/2040

1,894,776

1,400,000

3.400%, 

3/22/2041

1,094,243

Viasat,

Inc.

266,000

6.500%, 

7/15/2028

b,c

205,409

Virgin

Media

Finance

plc

206,000

5.000%, 

7/15/2030

c

174,309

Virgin

Media

Secured

Finance

plc

417,000

5.500%, 

5/15/2029

c

385,545

VZ

Secured

Financing

BV

462,000

5.000%, 

1/15/2032

c

396,675

Warnermedia

Holdings,

Inc.

781,000

4.054%, 

3/15/2029

731,114

923,000

5.050%, 

3/15/2042

793,312

YPSO

Finance

BIS

SA

326,000

10.500%, 

5/15/2027

c

121,981

Zayo

Group

Holdings,

Inc.

199,000

4.000%, 

3/1/2027

c

163,805

Ziggo

Bond

Company

BV

196,000

5.125%, 

2/28/2030

b,c

167,855

Total

56,975,527

Consumer

Cyclical

(0.6%)

1011778

B.C.,

ULC/New

Red

Finance,

Inc.

780,000

4.375%, 

1/15/2028

c

737,826

Adient

Global

Holdings,

Ltd.

265,000

8.250%, 

4/15/2031

b,c

279,638

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation

118,000

6.625%, 

7/15/2026

c

117,922

403,000

6.000%, 

6/1/2029

b,c

346,751

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation/

Atlas

Luxco

4

SARL

405,000

4.625%, 

6/1/2028

c

369,834

355,000

4.625%, 

6/1/2028

c

322,683

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

215

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Consumer

Cyclical

(0.6%)

-

continued

Allison

Transmission,

Inc.

$

275,000

3.750%, 

1/30/2031

c

$

239,943

Amazon.com,

Inc.

521,000

3.875%, 

8/22/2037

470,326

AMC

Entertainment

Holdings,

Inc.

121,000

7.500%, 

2/15/2029

c

80,820

American

Axle

&

Manufacturing,

Inc.

810,000

6.500%, 

4/1/2027

b

807,252

American

Honda

Finance

Corporation

585,000

4.900%, 

3/12/2027

583,841

619,000

5.850%, 

10/4/2030

647,413

Anywhere

Real

Estate

Group,

LLC/Anywhere

Co-Issuer

Corporation

89,000

7.000%, 

4/15/2030

c

79,248

Arches

Buyer,

Inc.

360,000

6.125%, 

12/1/2028

c

301,563

Arko

Corporation

328,000

5.125%, 

11/15/2029

c

271,477

Asbury

Automotive

Group,

Inc.

282,000

5.000%, 

2/15/2032

c

255,504

Ashton

Woods

USA,

LLC/Ashton

Woods

Finance

Company

320,000

4.625%, 

8/1/2029

c

295,172

181,000

4.625%, 

4/1/2030

c

165,374

Beazer

Homes

USA,

Inc.

116,000

7.500%, 

3/15/2031

c

117,149

Boyd

Gaming

Corporation

490,000

4.750%, 

6/15/2031

c

450,284

Boyne

USA,

Inc.

185,000

4.750%, 

5/15/2029

c

171,490

Brookfield

Residential

Properties,

Inc./Brookfield

Residential

US,

LLC

435,000

6.250%, 

9/15/2027

c

425,572

Caesars

Entertainment,

Inc.

170,000

8.125%, 

7/1/2027

c

174,107

1,079,000

4.625%, 

10/15/2029

c

983,909

199,000

6.500%, 

2/15/2032

c

200,752

Carnival

Corporation

323,000

7.625%, 

3/1/2026

c

326,798

797,000

5.750%, 

3/1/2027

c

788,819

200,000

4.000%, 

8/1/2028

c

186,299

169,000

6.000%, 

5/1/2029

c

166,754

Carvana

Company

281,000

0.000%,PIK

12.000%,

12/1/2028

c,i

274,745

Cedar

Fair,

LP

399,000

5.250%, 

7/15/2029

378,224

Churchill

Downs,

Inc.

325,000

4.750%, 

1/15/2028

c

309,388

202,000

6.750%, 

5/1/2031

c

203,128

Cinemark

USA,

Inc.

490,000

5.875%, 

3/15/2026

c

483,781

Clarios

Global,

LP/Clarios

US

Finance

Company,

Inc.

255,000

8.500%, 

5/15/2027

c

255,386

503,000

6.750%, 

5/15/2028

c

509,855

D.R.

Horton,

Inc.

333,000

2.600%, 

10/15/2025

319,075

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Consumer

Cyclical

(0.6%)

-

continued

Daimler

Trucks

Finance

North

America,

LLC

$

964,000

2.000%, 

12/14/2026

c

$

886,244

Dana,

Inc.

240,000

4.500%, 

2/15/2032

207,437

eG

Global

Finance

plc

80,000

12.000%, 

11/30/2028

c

85,035

Expedia

Group,

Inc.

1,398,000

3.250%, 

2/15/2030

1,258,449

Ford

Motor

Company

593,000

3.250%, 

2/12/2032

493,261

Ford

Motor

Credit

Company,

LLC

500,000

2.300%, 

2/10/2025

484,884

929,000

2.900%, 

2/10/2029

819,101

780,000

7.122%, 

11/7/2033

839,211

Forestar

Group,

Inc.

340,000

3.850%, 

5/15/2026

c

324,697

General

Motors

Company

810,000

6.125%, 

10/1/2025

816,815

General

Motors

Financial

Company,

Inc.

500,000

1.500%, 

6/10/2026

459,928

298,000

5.400%, 

5/8/2027

298,779

1,067,000

5.800%, 

1/7/2029

1,085,797

GLP

Capital,

LP

1,153,000

5.750%, 

6/1/2028

1,153,852

Goodyear

Tire

&

Rubber

Company

330,000

5.000%, 

7/15/2029

b

308,096

Hanesbrands,

Inc.

187,000

4.875%, 

5/15/2026

c

182,068

182,000

9.000%, 

2/15/2031

b,c

186,995

Hilton

Domestic

Operating

Company,

Inc.

638,000

4.875%, 

1/15/2030

611,715

201,000

3.625%, 

2/15/2032

c

173,061

Hilton

Grand

Vacations

Borrower

Escrow,

LLC/Hilton

Grand

Vacations

Borrower

Escrow,

Inc.

324,000

5.000%, 

6/1/2029

c

302,163

Home

Depot,

Inc.

505,000

5.400%, 

9/15/2040

513,842

1,140,000

4.250%, 

4/1/2046

987,548

970,000

3.900%, 

6/15/2047

792,800

Hyundai

Capital

America

619,000

6.250%, 

11/3/2025

c

625,329

1,150,000

1.800%, 

1/10/2028

c

1,012,861

International

Game

Technology

plc

600,000

5.250%, 

1/15/2029

c

579,716

Jacobs

Entertainment,

Inc.

274,000

6.750%, 

2/15/2029

c

266,169

KB

Home

450,000

4.800%, 

11/15/2029

429,499

Kohl's

Corporation

584,000

4.625%, 

5/1/2031

491,451

L

Brands,

Inc.

780,000

6.625%, 

10/1/2030

c

796,769

180,000

6.875%, 

11/1/2035

184,061

Lennar

Corporation

707,000

4.750%, 

5/30/2025

700,852

Light

&

Wonder

International,

Inc.

610,000

7.250%, 

11/15/2029

c

626,206

Live

Nation

Entertainment,

Inc.

342,000

4.750%, 

10/15/2027

c

326,551

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

216

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Consumer

Cyclical

(0.6%)

-

continued

Lowe's

Companies,

Inc.

$

616,000

5.625%, 

4/15/2053

$

622,165

1,290,000

2.625%, 

4/1/2031

1,110,020

Macy's

Retail

Holdings,

LLC

480,000

5.875%, 

4/1/2029

b,c

470,889

161,000

6.125%, 

3/15/2032

c

156,055

Marriott

International,

Inc./MD

1,025,000

4.625%, 

6/15/2030

997,218

Mattamy

Group

Corporation

376,000

5.250%, 

12/15/2027

c

364,552

McDonald's

Corporation

1,084,000

4.450%, 

3/1/2047

944,132

Michaels

Companies,

Inc.

142,000

5.250%, 

5/1/2028

c

120,995

130,000

7.875%, 

5/1/2029

c

97,530

NCL

Corporation,

Ltd.

390,000

5.875%, 

3/15/2026

c

384,989

442,000

5.875%, 

2/15/2027

c

436,693

Nissan

Motor

Acceptance

Company,

LLC

946,000

1.125%, 

9/16/2024

c

924,599

Nordstrom,

Inc.

162,000

4.375%, 

4/1/2030

b

146,690

231,000

4.250%, 

8/1/2031

202,831

PENN

Entertainment,

Inc.

405,000

4.125%, 

7/1/2029

b,c

348,280

PetSmart,

Inc./PetSmart

Finance

Corporation

650,000

4.750%, 

2/15/2028

c

608,560

440,000

7.750%, 

2/15/2029

c

428,359

Prime

Security

Services

Borrower,

LLC/Prime

Finance,

Inc.

846,000

5.750%, 

4/15/2026

c

843,532

376,000

6.250%, 

1/15/2028

b,c

368,322

QVC,

Inc.

102,000

4.375%, 

9/1/2028

b

81,747

Raising

Cane's

Restaurants,

LLC

202,000

9.375%, 

5/1/2029

c

218,310

Rakuten

Group,

Inc.

241,000

11.250%, 

2/15/2027

c

255,337

Real

Hero

Merger

Sub

2,

Inc.

275,000

6.250%, 

2/1/2029

b,c

240,958

Realogy

Group,

LLC/Realogy

Group

Co-Issuer

Corporation

186,000

5.750%, 

1/15/2029

b,c

131,714

Royal

Caribbean

Cruises,

Ltd.

880,000

4.250%, 

7/1/2026

c

849,238

341,000

9.250%, 

1/15/2029

c

365,745

314,000

7.250%, 

1/15/2030

c

326,240

Scientific

Games

Holdings,

LP/

Scientific

Games

US

FinCo,

Inc.

57,000

6.625%, 

3/1/2030

c

55,105

SeaWorld

Parks

and

Entertainment,

Inc.

389,000

5.250%, 

8/15/2029

c

366,379

Six

Flags

Theme

Parks,

Inc.

181,000

7.000%, 

7/1/2025

c

181,261

Staples,

Inc.

443,000

7.500%, 

4/15/2026

c

432,355

150,000

10.750%, 

4/15/2027

c

142,581

Station

Casinos,

LLC

381,000

4.625%, 

12/1/2031

c

342,441

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Consumer

Cyclical

(0.6%)

-

continued

Tapestry,

Inc.

$

697,000

7.350%, 

11/27/2028

$

734,431

Target

Corporation

923,000

2.950%, 

1/15/2052

626,437

Tenneco,

Inc.

529,000

8.000%, 

11/17/2028

c

482,680

Toyota

Motor

Credit

Corporation

915,000

5.000%, 

3/19/2027

917,806

291,000

4.800%, 

1/5/2034

286,280

Tripadvisor,

Inc.

103,000

7.000%, 

7/15/2025

c

102,717

VICI

Properties,

LP/VICI

Note

Company,

Inc.

1,023,000

4.625%, 

6/15/2025

c

1,007,311

276,000

5.750%, 

2/1/2027

c

275,651

452,000

4.125%, 

8/15/2030

c

411,006

Victoria's

Secret

&

Company

381,000

4.625%, 

7/15/2029

c

312,612

Viking

Cruises,

Ltd.

658,000

5.875%, 

9/15/2027

c

645,574

Volkswagen

Group

of

America

Finance,

LLC

926,000

5.300%, 

3/22/2027

c

927,921

Wabash

National

Corporation

528,000

4.500%, 

10/15/2028

c

484,196

Walgreens

Boots

Alliance,

Inc.

281,000

3.200%, 

4/15/2030

244,228

Walmart,

Inc.

796,000

4.500%, 

9/9/2052

737,850

WASH

Multifamily

Acquisition,

Inc.

251,000

5.750%, 

4/15/2026

b,c

245,320

Wynn

Resorts

Finance,

LLC/Wynn

Resorts

Capital

Corporation

388,000

7.125%, 

2/15/2031

c

401,540

Yum!

Brands,

Inc.

630,000

4.750%, 

1/15/2030

c

597,532

ZF

North

America

Capital,

Inc.

280,000

7.125%, 

4/14/2030

c

295,041

Total

55,711,299

Consumer

Non-Cyclical

(0.7%)

1375209

B.C.,

Ltd.

248,000

9.000%, 

1/30/2028

b,c

243,041

Abbott

Laboratories

892,000

4.750%, 

11/30/2036

884,678

175,000

6.000%, 

4/1/2039

194,410

AbbVie,

Inc.

300,000

5.400%, 

3/15/2054

308,788

1,475,000

4.300%, 

5/14/2036

1,384,843

683,000

5.350%, 

3/15/2044

696,421

AdaptHealth,

LLC

716,000

4.625%, 

8/1/2029

c

616,151

Albertsons

Companies,

Inc./

Safeway,

Inc./New

Albertsons,

LP/Albertsons,

LLC

510,000

4.625%, 

1/15/2027

c

493,575

540,000

3.500%, 

3/15/2029

c

484,696

Altria

Group,

Inc.

619,000

6.875%, 

11/1/2033

673,387

Amgen,

Inc.

1,000,000

4.200%, 

2/22/2052

822,520

775,000

5.250%, 

3/2/2030

786,778

919,000

5.600%, 

3/2/2043

935,013

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

217

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Consumer

Non-Cyclical

(0.7%)

-

continued

Anheuser-Busch

Companies,

LLC/Anheuser-Busch

InBev

Worldwide,

Inc.

$

1,231,000

4.700%, 

2/1/2036

$

1,190,155

Anheuser-Busch

InBev

Worldwide,

Inc.

1,530,000

4.375%, 

4/15/2038

1,421,918

765,000

5.550%, 

1/23/2049

797,618

Archer-Daniels-Midland

Company

1,188,000

2.700%, 

9/15/2051

758,591

AstraZeneca

Finance,

LLC

616,000

4.800%, 

2/26/2027

615,734

AstraZeneca

plc

1,600,000

3.000%, 

5/28/2051

1,122,865

B&G

Foods,

Inc.

356,000

5.250%, 

9/15/2027

b

332,659

BAT

Capital

Corporation

269,000

5.834%, 

2/20/2031

271,309

308,000

7.750%, 

10/19/2032

347,566

214,000

6.000%, 

2/20/2034

216,685

620,000

7.079%, 

8/2/2043

661,467

Bausch

+

Lomb

Corporation

103,000

8.375%, 

10/1/2028

c

106,570

Bausch

Health

Companies,

Inc.

279,000

5.500%, 

11/1/2025

c

263,351

408,000

4.875%, 

6/1/2028

c

222,647

360,000

11.000%, 

9/30/2028

c

240,300

Baxter

International,

Inc.

923,000

3.132%, 

12/1/2051

604,479

Becton,

Dickinson

and

Company

324,000

3.794%, 

5/20/2050

254,118

900,000

3.700%, 

6/6/2027

864,667

BellRing

Brands,

Inc.

286,000

7.000%, 

3/15/2030

c

294,606

Bristol-Myers

Squibb

Company

530,000

5.100%, 

2/22/2031

535,125

1,543,000

3.550%, 

3/15/2042

1,237,461

Campbell

Soup

Company

930,000

5.200%, 

3/19/2027

932,167

584,000

5.400%, 

3/21/2034

588,382

Cargill,

Inc.

930,000

3.125%, 

5/25/2051

c

646,514

Catalent

Pharma

Solutions,

Inc.

199,000

3.125%, 

2/15/2029

c

190,160

Central

Garden

&

Pet

Company

650,000

4.125%, 

10/15/2030

b

583,114

Cheplapharm

Arzneimittel

GmbH

70,000

5.500%, 

1/15/2028

c

66,701

Chobani,

LLC/Chobani

Finance

Corporation,

Inc.

491,000

4.625%, 

11/15/2028

c

457,876

166,000

7.625%, 

7/1/2029

b,c

168,282

CHS/Community

Health

Systems,

Inc.

376,000

5.625%, 

3/15/2027

c

346,070

118,000

8.000%, 

12/15/2027

c

115,750

499,000

6.000%, 

1/15/2029

c

435,925

260,000

6.125%, 

4/1/2030

b,c

187,489

310,000

5.250%, 

5/15/2030

c

252,778

220,000

4.750%, 

2/15/2031

c

169,784

Constellation

Brands,

Inc.

775,000

3.600%, 

2/15/2028

736,038

501,000

2.875%, 

5/1/2030

443,182

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Consumer

Non-Cyclical

(0.7%)

-

continued

Coty,

Inc./HFC

Prestige

Products,

Inc./HFC

Prestige

International

US,

LLC

$

490,000

4.750%, 

1/15/2029

c

$

463,692

340,000

6.625%, 

7/15/2030

c

345,267

CVS

Health

Corporation

1,386,000

5.625%, 

2/21/2053

1,361,138

693,000

5.125%, 

2/21/2030

695,091

1,310,000

4.875%, 

7/20/2035

1,259,836

Edgewell

Personal

Care

Company

380,000

5.500%, 

6/1/2028

c

371,447

Eli

Lilly

&

Company

459,000

4.950%, 

2/27/2063

446,480

Embecta

Corporation

158,000

6.750%, 

2/15/2030

c

136,897

Encompass

Health

Corporation

750,000

4.500%, 

2/1/2028

714,315

Energizer

Holdings,

Inc.

590,000

4.750%, 

6/15/2028

c

546,457

Fortrea

Holdings,

Inc.

264,000

7.500%, 

7/1/2030

c

272,523

General

Mills,

Inc.

246,000

4.950%, 

3/29/2033

243,255

Grifols

SA

476,000

4.750%, 

10/15/2028

b,c

393,824

HCA,

Inc.

1,059,000

3.500%, 

9/1/2030

957,714

Herbalife

Nutrition,

Ltd./HLF

Financing,

Inc.

81,000

7.875%, 

9/1/2025

c

80,989

HLF

Financing

SARL,

LLC/

Herbalife

International,

Inc.

617,000

4.875%, 

6/1/2029

c

428,815

Imperial

Brands

Finance

plc

1,600,000

3.875%, 

7/26/2029

c

1,500,690

Jazz

Securities

DAC

275,000

4.375%, 

1/15/2029

c

256,173

JBS

USA

LUX

SA/JBS

USA

Food

Company/JBS

Luxembourg

SARL

616,000

6.750%, 

3/15/2034

c

647,245

JBS

USA

LUX

SA/JBS

USA

Food

Company/JBS

USA

Finance,

Inc.

307,000

4.375%, 

2/2/2052

222,944

612,000

5.500%, 

1/15/2030

603,136

845,000

3.000%, 

5/15/2032

689,149

KeHE

Distributors,

LLC/KeHE

Finance

Corporation/NextWave

Distribution,

Inc.

160,000

9.000%, 

2/15/2029

c

162,212

Keurig

Dr

Pepper,

Inc.

1,229,000

5.200%, 

3/15/2031

1,231,931

Kimberly-Clark

Corporation

900,000

3.900%, 

5/4/2047

740,687

Kraft

Heinz

Foods

Company

638,000

4.375%, 

6/1/2046

538,819

Legacy

LifePoint

Health,

LLC

204,000

4.375%, 

2/15/2027

c

194,395

LifePoint

Health,

Inc.

156,000

9.875%, 

8/15/2030

c

163,183

208,000

11.000%, 

10/15/2030

c

222,309

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

218

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Consumer

Non-Cyclical

(0.7%)

-

continued

Mattel,

Inc.

$

769,000

5.450%, 

11/1/2041

$

712,378

Medline

Borrower,

LP/Medline

Co-

Issuer,

Inc.

332,000

6.250%, 

4/1/2029

c

333,487

Medtronic,

Inc.

923,000

4.375%, 

3/15/2035

882,588

ModivCare

Escrow

Issuer,

Inc.

170,000

5.000%, 

10/1/2029

c

123,266

ModivCare,

Inc.

136,000

5.875%, 

11/15/2025

c

132,444

Mozart

Debt

Merger

Sub,

Inc.

485,000

3.875%, 

4/1/2029

c

441,450

328,000

5.250%, 

10/1/2029

c

310,015

Organon

&

Company/Organon

Foreign

Debt

Co-Issuer

BV

473,000

4.125%, 

4/30/2028

c

440,785

280,000

5.125%, 

4/30/2031

c

248,950

Owens

&

Minor,

Inc.

462,000

6.625%, 

4/1/2030

b,c

458,541

PepsiCo,

Inc.

610,000

4.200%, 

7/18/2052

532,831

Perrigo

Finance

Unlimited

Company

249,000

4.375%, 

3/15/2026

242,291

284,000

3.150%, 

6/15/2030

261,069

Pfizer

Investment

Enterprises,

Private

Ltd.

1,386,000

5.300%, 

5/19/2053

1,378,008

611,000

5.110%, 

5/19/2043

597,469

Philip

Morris

International,

Inc.

300,000

4.750%, 

2/12/2027

298,333

619,000

5.500%, 

9/7/2030

630,855

299,000

5.125%, 

2/13/2031

297,040

923,000

5.375%, 

2/15/2033

930,583

Post

Holdings,

Inc.

397,000

4.500%, 

9/15/2031

c

357,098

Primo

Water

Holdings,

Inc.

410,000

4.375%, 

4/30/2029

c

377,026

RegionalCare

Hospital

Partners

Holdings,

Inc./LifePoint

Health,

Inc.

204,000

9.750%, 

12/1/2026

c

204,275

Reynolds

American,

Inc.

759,000

5.700%, 

8/15/2035

741,153

Roche

Holdings,

Inc.

1,158,000

4.000%, 

11/28/2044

c

998,268

Scotts

Miracle-Gro

Company

189,000

4.500%, 

10/15/2029

171,044

Sigma

Holdco

BV

251,000

7.875%, 

5/15/2026

b,c

240,960

Simmons

Foods,

Inc.

649,000

4.625%, 

3/1/2029

c

573,529

Spectrum

Brands,

Inc.

253,000

5.000%, 

10/1/2029

c

247,951

280,000

5.500%, 

7/15/2030

c

274,238

173,000

3.875%, 

3/15/2031

b,c

166,645

Star

Parent,

Inc.

342,000

9.000%, 

10/1/2030

c

361,941

Surgery

Center

Holdings,

Inc.

199,000

7.250%, 

4/15/2032

c,f

200,545

Sysco

Corporation

935,000

6.600%, 

4/1/2040

1,034,241

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Consumer

Non-Cyclical

(0.7%)

-

continued

Takeda

Pharmaceutical

Company,

Ltd.

$

925,000

3.175%, 

7/9/2050

$

644,632

Tenet

Healthcare

Corporation

990,000

5.125%, 

11/1/2027

968,346

255,000

6.125%, 

10/1/2028

b

254,086

407,000

6.750%, 

5/15/2031

c

414,420

Teva

Pharmaceutical

Finance

Netherlands

III

BV

390,000

3.150%, 

10/1/2026

364,608

Triton

Water

Holdings,

Inc.

323,000

6.250%, 

4/1/2029

c

294,193

Viterra

Finance

BV

774,000

3.200%, 

4/21/2031

c

670,048

Wyeth,

LLC

619,000

6.500%, 

2/1/2034

685,609

Zoetis,

Inc.

1,451,000

4.700%, 

2/1/2043

1,328,327

Total

63,920,583

Energy

(0.5%)

Antero

Midstream

Partners,

LP/

Antero

Midstream

Finance

Corporation

352,000

5.375%, 

6/15/2029

c

338,504

Antero

Resources

Corporation

176,000

5.375%, 

3/1/2030

c

169,027

Archrock

Partners,

LP/Archrock

Partners

Finance

Corporation

570,000

6.250%, 

4/1/2028

c

563,979

Ascent

Resources

Utica

Holdings,

LLC/ARU

Finance

Corporation

332,000

8.250%, 

12/31/2028

c

341,058

Baytex

Energy

Corporation

339,000

8.500%, 

4/30/2030

c

353,980

Borr

IHC,

Ltd./Borr

Finance,

LLC

407,000

10.375%, 

11/15/2030

c

423,280

BP

Capital

Markets

America,

Inc.

1,637,000

2.939%, 

6/4/2051

1,092,886

Buckeye

Partners,

LP

228,000

4.500%, 

3/1/2028

c

216,604

Canadian

Natural

Resources,

Ltd.

437,000

2.950%, 

7/15/2030

385,284

Cheniere

Energy

Partners,

LP

2,461,000

4.500%, 

10/1/2029

2,342,249

Cheniere

Energy,

Inc.

170,000

5.650%, 

4/15/2034

c

171,214

Chesapeake

Energy

Corporation

314,000

6.750%, 

4/15/2029

c

317,364

Civitas

Resources,

Inc.

232,000

8.375%, 

7/1/2028

c

244,229

119,000

8.625%, 

11/1/2030

c

127,779

432,000

8.750%, 

7/1/2031

c

462,266

CNX

Resources

Corporation

196,000

6.000%, 

1/15/2029

c

191,900

Columbia

Pipelines

Holding

Company,

LLC

613,000

6.042%, 

8/15/2028

c

626,377

Columbia

Pipelines

Operating

Company,

LLC

153,000

5.927%, 

8/15/2030

c

156,974

Comstock

Resources,

Inc.

410,000

5.875%, 

1/15/2030

c

371,299

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

219

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Energy

(0.5%)

-

continued

Continental

Resources,

Inc.

$

1,076,000

2.268%, 

11/15/2026

c

$

990,504

CQP

Holdco,

LP/BIP-V

Chinnok

Holdco,

LLC

377,000

5.500%, 

6/15/2031

c

356,309

Crescent

Energy

Finance,

LLC

199,000

9.250%, 

2/15/2028

c

210,121

497,000

7.625%, 

4/1/2032

c

500,829

Delek

Logistics

Partners,

LP/Delek

Logistics

Finance

Corporation

199,000

8.625%, 

3/15/2029

c

203,213

Diamond

Foreign

Asset

Company/

Diamond

Finance,

LLC

137,000

8.500%, 

10/1/2030

c

144,591

Diamondback

Energy,

Inc.

619,000

3.125%, 

3/24/2031

548,376

DT

Midstream,

Inc.

278,000

4.125%, 

6/15/2029

c

255,574

165,000

4.375%, 

6/15/2031

c

149,428

Enerflex,

Ltd.

275,000

9.000%, 

10/15/2027

c

282,554

Energy

Transfer,

LP

754,000

4.000%, 

10/1/2027

724,662

970,000

4.900%, 

3/15/2035

916,967

800,000

5.150%, 

2/1/2043

714,657

1,100,000

6.000%, 

6/15/2048

1,093,322

Enterprise

Products

Operating,

LLC

876,000

3.300%, 

2/15/2053

621,651

EQM

Midstream

Partners,

LP

933,000

4.750%, 

1/15/2031

c

867,648

EQT

Corporation

511,000

6.125%, 

2/1/2025

511,609

775,000

3.900%, 

10/1/2027

736,664

Exxon

Mobil

Corporation

1,450,000

3.452%, 

4/15/2051

1,098,498

Ferrellgas,

LP/Ferrellgas

Finance

Corporation

384,000

5.375%, 

4/1/2026

c

375,684

Genesis

Energy

LP/Genesis

Energy

Finance

Corporation

549,000

8.875%, 

4/15/2030

574,667

Halliburton

Company

807,000

4.850%, 

11/15/2035

784,856

615,000

5.000%, 

11/15/2045

577,396

Harvest

Midstream,

LP

417,000

7.500%, 

9/1/2028

c

422,809

Hess

Midstream

Operations,

LP

344,000

5.625%, 

2/15/2026

c

341,250

Hilcorp

Energy

I,

LP/Hilcorp

Finance

Company

540,000

5.750%, 

2/1/2029

c

525,980

279,000

6.250%, 

4/15/2032

c

275,149

Howard

Midstream

Energy

Partners,

LLC

503,000

6.750%, 

1/15/2027

c

501,856

ITT

Holdings,

LLC

470,000

6.500%, 

8/1/2029

c

428,922

Kodiak

Gas

Services,

LLC

200,000

7.250%, 

2/15/2029

c

203,718

Laredo

Petroleum,

Inc.

575,000

7.750%, 

7/31/2029

c

579,750

MEG

Energy

Corporation

441,000

5.875%, 

2/1/2029

c

433,335

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Energy

(0.5%)

-

continued

MPLX,

LP

$

746,000

4.875%, 

6/1/2025

$

739,757

1,231,000

4.950%, 

9/1/2032

1,195,782

230,000

5.000%, 

3/1/2033

223,273

Nabors

Industries,

Ltd.

630,000

7.250%, 

1/15/2026

c

626,100

National

Fuel

Gas

Company

1,000,000

5.500%, 

1/15/2026

998,454

New

Fortress

Energy,

Inc.

137,000

6.750%, 

9/15/2025

c

136,066

133,000

8.750%, 

3/15/2029

c

132,493

NGL

Energy

Operating,

LLC/NGL

Energy

Finance

Corporation

133,000

8.125%, 

2/15/2029

c

136,216

199,000

8.375%, 

2/15/2032

c

203,996

Noble

Finance

II,

LLC

336,000

8.000%, 

4/15/2030

c

349,994

Northern

Oil

and

Gas,

Inc.

340,000

8.750%, 

6/15/2031

c

359,027

Northriver

Midstream

Finance,

LP

165,000

5.625%, 

2/15/2026

c

163,589

NuStar

Logistics,

LP

324,000

6.375%, 

10/1/2030

326,095

Occidental

Petroleum

Corporation

1,550,000

7.875%, 

9/15/2031

1,757,035

ONEOK,

Inc.

347,000

5.000%, 

3/1/2026

344,857

Ovintiv,

Inc.

1,071,000

5.375%, 

1/1/2026

1,066,637

621,000

6.250%, 

7/15/2033

645,652

PBF

Holding

Company,

LLC/PBF

Finance

Corporation

273,000

6.000%, 

2/15/2028

268,630

Permian

Resources

Operating,

LLC

501,000

7.000%, 

1/15/2032

c

519,744

Phillips

66

Company

539,000

4.950%, 

12/1/2027

539,341

Prairie

Acquiror,

LP

265,000

9.000%, 

8/1/2029

c

272,802

Precision

Drilling

Corporation

410,000

6.875%, 

1/15/2029

c

409,238

Range

Resources

Corporation

273,000

4.750%, 

2/15/2030

c

254,532

Rockcliff

Energy

II,

LLC

361,000

5.500%, 

10/15/2029

c

337,831

Rockies

Express

Pipeline,

LLC

416,000

4.950%, 

7/15/2029

c

388,789

SM

Energy

Company

163,000

6.625%, 

1/15/2027

162,855

245,000

6.500%, 

7/15/2028

246,050

Southwestern

Energy

Company

360,000

5.375%, 

3/15/2030

346,486

235,000

4.750%, 

2/1/2032

216,331

Suncor

Energy,

Inc.

986,000

7.150%, 

2/1/2032

1,092,069

Sunoco,

LP/Sunoco

Finance

Corporation

545,000

5.875%, 

3/15/2028

539,787

Tallgrass

Energy

Partners

LP/

Tallgrass

Energy

Finance

Corporation

617,000

5.500%, 

1/15/2028

c

594,468

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

220

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Energy

(0.5%)

-

continued

Talos

Production,

Inc.

$

99,000

9.000%, 

2/1/2029

c

$

105,135

Targa

Resources

Corporation

1,077,000

4.200%, 

2/1/2033

981,898

Teine

Energy,

Ltd.

345,000

6.875%, 

4/15/2029

c

335,509

Transocean

Titan

Financing,

Ltd.

325,000

8.375%, 

2/1/2028

c

338,231

Transocean,

Inc.

330,000

11.500%, 

1/30/2027

c

343,932

183,600

8.750%, 

2/15/2030

c

191,435

USA

Compression

Partners,

LP/

USA

Compression

Finance

Corporation

456,000

6.875%, 

4/1/2026

455,476

120,000

7.125%, 

3/15/2029

c

121,495

Valaris,

Ltd.

339,000

8.375%, 

4/30/2030

c

349,690

Venture

Global

Calcasieu

Pass,

LLC

483,000

3.875%, 

8/15/2029

c

434,771

344,000

6.250%, 

1/15/2030

c

346,086

290,000

4.125%, 

8/15/2031

c

257,868

Venture

Global

LNG,

Inc.

692,000

8.375%, 

6/1/2031

c

713,638

332,000

9.875%, 

2/1/2032

c

357,811

Weatherford

International,

Ltd.

304,000

8.625%, 

4/30/2030

c

317,367

Western

Midstream

Operating,

LP

619,000

6.350%, 

1/15/2029

641,960

308,000

6.150%, 

4/1/2033

315,797

Williams

Companies,

Inc.

615,000

5.300%, 

8/15/2052

587,402

1,015,000

7.500%, 

1/15/2031

1,129,306

Total

49,767,585

Financials

(1.7%)

Acrisure,

LLC/Acrisure

Finance,

Inc.

245,000

6.000%, 

8/1/2029

c

224,684

AerCap

Ireland

Capital

DAC/

AerCap

Global

Aviation

Trust

692,000

6.100%, 

1/15/2027

703,325

1,250,000

3.875%, 

1/23/2028

1,185,080

550,000

3.400%, 

10/29/2033

463,298

Air

Lease

Corporation

1,415,000

3.000%, 

2/1/2030

1,250,757

Aircastle,

Ltd.

650,000

5.250%, 

8/11/2025

c

644,256

Alliant

Holdings

Intermediate,

LLC/

Alliant

Holdings

Co-Issuer,

Inc.

261,000

6.750%, 

10/15/2027

c

257,143

253,000

6.750%, 

4/15/2028

c

254,786

140,000

5.875%, 

11/1/2029

c

130,058

164,000

7.000%, 

1/15/2031

c

165,643

Ally

Financial,

Inc.

1,000,000

5.750%, 

11/20/2025

992,798

1,000,000

8.000%, 

11/1/2031

1,113,892

88,000

6.700%, 

2/14/2033

88,906

American

Express

Company

298,000

5.098%, 

2/16/2028

e

297,540

American

Homes

4

Rent,

LP

1,000,000

2.375%, 

7/15/2031

812,230

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Financials

(1.7%)

-

continued

American

International

Group,

Inc.

$

1,248,000

5.125%, 

3/27/2033

$

1,241,050

AmWINS

Group,

Inc.

133,000

6.375%, 

2/15/2029

c

133,718

394,000

4.875%, 

6/30/2029

c

367,753

ANZ

Bank

New

Zealand,

Ltd.

600,000

5.548%, 

8/11/2032

c,e

602,026

Aon

North

America,

Inc.

455,000

5.750%, 

3/1/2054

466,468

Ares

Capital

Corporation

455,000

3.250%, 

7/15/2025

439,536

1,100,000

3.875%, 

1/15/2026

1,063,961

550,000

2.150%, 

7/15/2026

506,456

533,000

5.875%, 

3/1/2029

531,406

Arthur

J.

Gallagher

&

Company

154,000

6.750%, 

2/15/2054

174,841

226,000

5.750%, 

7/15/2054

226,310

Associated

Banc-Corp

750,000

4.250%, 

1/15/2025

735,992

Australia

&

New

Zealand

Banking

Group,

Ltd.

700,000

2.950%, 

7/22/2030

c,e

672,618

Avolon

Holdings

Funding,

Ltd.

275,000

4.250%, 

4/15/2026

c

265,409

758,000

5.750%, 

3/1/2029

c

754,333

Banco

Santander

Mexico

SA

875,000

5.375%, 

4/17/2025

c

871,642

Banco

Santander

SA

1,200,000

4.175%, 

3/24/2028

e

1,156,630

Bank

of

America

Corporation

1,062,000

5.080%, 

1/20/2027

e

1,056,652

575,000

1.734%, 

7/22/2027

e

530,121

800,000

3.824%, 

1/20/2028

e

770,524

537,000

5.202%, 

4/25/2029

e

537,508

500,000

2.087%, 

6/14/2029

e

441,839

1,500,000

2.496%, 

2/13/2031

e

1,292,162

1,475,000

1.922%, 

10/24/2031

e

1,201,860

923,000

2.972%, 

2/4/2033

e

784,957

1,844,000

4.571%, 

4/27/2033

e

1,751,648

928,000

5.872%, 

9/15/2034

e

962,494

367,000

5.468%, 

1/23/2035

e

369,392

1,230,000

3.846%, 

3/8/2037

e

1,087,403

Bank

of

Montreal

266,000

5.266%, 

12/11/2026

267,177

Bank

of

New

York

Mellon

Corporation

619,000

6.317%, 

10/25/2029

e

653,188

Bank

of

Nova

Scotia

308,000

4.850%, 

2/1/2030

305,748

Barclays

plc

930,000

6.496%, 

9/13/2027

e

948,691

954,000

4.972%, 

5/16/2029

e

934,941

900,000

5.746%, 

8/9/2033

e

903,832

Berkshire

Hathaway

Finance

Corporation

1,231,000

2.850%, 

10/15/2050

830,741

BlackRock

Funding,

Inc.

305,000

5.250%, 

3/14/2054

306,509

Blackstone

Private

Credit

Fund

917,000

2.700%, 

1/15/2025

895,121

600,000

6.250%, 

1/25/2031

c

602,510

Blue

Owl

Capital

Corporation

II

465,000

8.450%, 

11/15/2026

c

478,942

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

221

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Financials

(1.7%)

-

continued

Blue

Owl

Credit

Income

Corporation

$

769,000

4.700%, 

2/8/2027

$

729,525

Blue

Owl

Technology

Finance

Corporation

250,000

4.750%, 

12/15/2025

c

240,388

Blue

Owl

Technology

Finance

Corporation

II

620,000

6.750%, 

4/4/2029

c,f

612,309

BNP

Paribas

SA

1,538,000

3.132%, 

1/20/2033

c,e

1,308,894

BPCE

SA

1,091,000

3.500%, 

10/23/2027

c

1,021,182

Bread

Financial

Holdings,

Inc.

200,000

9.750%, 

3/15/2029

c

208,135

Brookfield

Property

REIT,

Inc./BPR

Cumulus,

LLC/BPR

Nimbus,

LLC/GGSI

Sellco,

LLC

119,000

4.500%, 

4/1/2027

c

108,618

Burford

Capital

Global

Finance,

LLC

559,000

9.250%, 

7/1/2031

c

591,637

Camden

Property

Trust

1,012,000

3.150%, 

7/1/2029

925,147

Canadian

Imperial

Bank

of

Commerce

923,000

5.001%, 

4/28/2028

919,748

Capital

One

Financial

Corporation

1,100,000

4.200%, 

10/29/2025

1,075,172

920,000

2.636%, 

3/3/2026

e

894,303

210,000

5.700%, 

2/1/2030

e

211,793

Castlelake

Aviation

Finance

DAC

259,000

5.000%, 

4/15/2027

c

249,456

Centene

Corporation

1,425,000

2.625%, 

8/1/2031

1,169,748

Charles

Schwab

Corporation

1,303,000

2.450%, 

3/3/2027

1,214,250

619,000

6.136%, 

8/24/2034

e

645,738

Chubb

INA

Holdings,

LLC

615,000

4.350%, 

11/3/2045

547,194

Citigroup,

Inc.

463,000

0.981%, 

5/1/2025

e

460,972

1,515,000

4.400%, 

6/10/2025

1,494,071

745,000

3.200%, 

10/21/2026

709,503

1,094,000

3.668%, 

7/24/2028

e

1,039,831

490,000

4.125%, 

7/25/2028

469,681

915,000

3.520%, 

10/27/2028

e

862,770

374,000

5.174%, 

2/13/2030

e

372,255

1,308,000

4.910%, 

5/24/2033

e

1,261,000

778,000

6.174%, 

5/25/2034

e

790,050

CNA

Financial

Corporation

453,000

5.125%, 

2/15/2034

440,742

Comerica,

Inc.

219,000

5.982%, 

1/30/2030

e

216,366

Cooperatieve

Rabobank

UA

1,227,000

5.564%, 

2/28/2029

c,e

1,234,472

Corebridge

Financial,

Inc.

462,000

4.350%, 

4/5/2042

389,950

Credit

Acceptance

Corporation

468,000

9.250%, 

12/15/2028

c

503,372

Credit

Agricole

SA

625,000

6.875%, 

9/23/2024

c,e,j

623,917

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Financials

(1.7%)

-

continued

Credit

Suisse

Group

AG

$

900,000

7.250%, 

9/12/2025

c,e,j,k

$

99,000

Deutsche

Bank

AG/New

York,

NY

686,000

6.819%, 

11/20/2029

e

717,147

1,175,000

3.729%, 

1/14/2032

e

989,627

Discover

Bank

1,670,000

5.974%, 

(USISOA05

+

1.730%),

8/9/2028

e

1,661,269

Diversified

Healthcare

Trust

192,000

Zero

Coupon, 

1/15/2026

c

162,996

Drawbridge

Special

Opportunities

Fund,

LP

564,000

3.875%, 

2/15/2026

c

527,294

Elevance

Health,

Inc.

1,185,000

3.125%, 

5/15/2050

824,599

820,000

4.625%, 

5/15/2042

744,856

Enact

Holdings,

Inc.

257,000

6.500%, 

8/15/2025

c

256,949

Encore

Capital

Group,

Inc.

222,000

9.250%, 

4/1/2029

c

227,412

EPR

Properties

405,000

4.950%, 

4/15/2028

385,400

Fairfax

Financial

Holdings,

Ltd.

618,000

6.350%, 

3/22/2054

c

630,424

Fifth

Third

Bancorp

484,000

6.339%, 

7/27/2029

e

498,942

First

Horizon

Bank

755,000

5.750%, 

5/1/2030

b

714,383

FirstCash,

Inc.

321,000

5.625%, 

1/1/2030

c

305,035

First-Citizens

Bank

&

Trust

Company

545,000

6.125%, 

3/9/2028

559,763

Five

Corners

Funding

Trust

IV

616,000

5.997%, 

2/15/2053

c

650,648

Fortress

Transportation

and

Infrastructure

Investors,

LLC

346,000

6.500%, 

10/1/2025

c

345,482

171,000

9.750%, 

8/1/2027

c

177,060

85,000

5.500%, 

5/1/2028

c

82,358

Freedom

Mortgage

Corporation

168,000

7.625%, 

5/1/2026

c

167,739

137,000

12.000%, 

10/1/2028

c

149,331

Freedom

Mortgage

Holdings,

LLC

132,000

9.250%, 

2/1/2029

c

135,095

FS

KKR

Capital

Corporation

961,000

4.250%, 

2/14/2025

c

945,222

1,300,000

3.400%, 

1/15/2026

1,233,663

GGAM

Finance,

Ltd.

338,000

7.750%, 

5/15/2026

c

344,967

166,000

8.000%, 

6/15/2028

c

173,359

133,000

6.875%, 

4/15/2029

c

133,499

Global

Net

Lease,

Inc./Global

Net

Lease

Operating

Partnership,

LP

487,000

3.750%, 

12/15/2027

c

416,720

goeasy,

Ltd.

269,000

9.250%, 

12/1/2028

c

286,809

Goldman

Sachs

Bank

USA/New

York,

NY

1,211,000

5.283%, 

3/18/2027

e

1,210,392

Goldman

Sachs

BDC,

Inc.

394,000

6.375%, 

3/11/2027

396,937

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

222

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Financials

(1.7%)

-

continued

Goldman

Sachs

Group,

Inc.

$

785,000

1.948%, 

10/21/2027

e

$

721,590

931,000

6.484%, 

10/24/2029

e

979,523

275,000

1.992%, 

1/27/2032

e

222,529

2,326,000

3.102%, 

2/24/2033

e

1,989,302

Healthpeak

OP,

LLC

205,000

3.400%, 

2/1/2025

201,147

Highwoods

Realty,

LP

618,000

7.650%, 

2/1/2034

674,006

HSBC

Holdings

plc

1,100,000

2.999%, 

3/10/2026

e

1,071,567

710,000

3.900%, 

5/25/2026

691,306

900,000

5.402%, 

8/11/2033

e

897,444

HSBC

USA,

Inc.

927,000

5.294%, 

3/4/2027

932,390

HUB

International,

Ltd.

515,000

5.625%, 

12/1/2029

c

482,877

247,000

7.375%, 

1/31/2032

c

248,663

Huntington

Bancshares,

Inc./OH

757,000

5.709%, 

2/2/2035

e

754,820

Icahn

Enterprises,

LP/Icahn

Enterprises

Finance

Corporation

224,000

6.375%, 

12/15/2025

222,185

250,000

6.250%, 

5/15/2026

241,331

383,000

5.250%, 

5/15/2027

346,133

Intercontinental

Exchange,

Inc.

575,000

4.950%, 

6/15/2052

540,627

Intesa

Sanpaolo

SPA

201,000

4.198%, 

6/1/2032

c,e

168,045

Invitation

Homes

Operating

Partnership,

LP

769,000

2.000%, 

8/15/2031

611,040

J.P.

Morgan

Chase

&

Company

505,000

1.040%, 

2/4/2027

e

467,355

720,000

1.578%, 

4/22/2027

e

667,523

1,230,000

2.947%, 

2/24/2028

e

1,155,692

1,475,000

4.203%, 

7/23/2029

e

1,422,010

900,000

2.522%, 

4/22/2031

e

777,853

1,100,000

1.953%, 

2/4/2032

e

896,214

1,229,000

4.586%, 

4/26/2033

e

1,177,582

923,000

4.912%, 

7/25/2033

e

903,750

J.P.

Morgan

Chase

Bank

NA

500,000

5.110%, 

12/8/2026

501,436

Jefferies

Finance,

LLC/JFIN

Co-

Issuer

Corporation

137,000

5.000%, 

8/15/2028

c

125,983

Jefferson

Capital

Holdings,

LLC

133,000

6.000%, 

8/15/2026

c

130,503

331,000

9.500%, 

2/15/2029

c

338,824

KeyBank

NA/Cleveland,

OH

777,000

5.000%, 

1/26/2033

720,233

KeyCorp

450,000

3.878%, 

5/23/2025

e

447,976

Kilroy

Realty,

LP

310,000

4.250%, 

8/15/2029

284,506

266,000

6.250%, 

1/15/2036

259,833

Kite

Realty

Group,

LP

224,000

5.500%, 

3/1/2034

222,586

Ladder

Capital

Finance

Holdings,

LLLP/Ladder

Capital

Finance

Corporation

166,000

4.250%, 

2/1/2027

c

155,307

278,000

4.750%, 

6/15/2029

c

252,710

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Financials

(1.7%)

-

continued

LD

Holdings

Group,

LLC

$

121,000

6.125%, 

4/1/2028

b,c

$

100,274

Lloyds

Banking

Group

plc

920,000

5.871%, 

3/6/2029

e

934,879

Macquarie

Airfinance

Holdings,

Ltd.

492,000

6.400%, 

3/26/2029

c

499,783

Manufacturers

&

Traders

Trust

Company

923,000

4.700%, 

1/27/2028

889,312

Marsh

&

McLennan

Companies,

Inc.

231,000

5.450%, 

3/15/2053

232,502

619,000

5.400%, 

9/15/2033

635,095

Massachusetts

Mutual

Life

Insurance

Company

1,150,000

3.200%, 

12/1/2061

c

716,598

Metropolitan

Life

Global

Funding

I

571,000

5.050%, 

1/8/2034

c

565,596

Mitsubishi

UFJ

Financial

Group,

Inc.

922,000

5.422%, 

2/22/2029

e

931,657

900,000

2.048%, 

7/17/2030

754,626

Molina

Healthcare,

Inc.

351,000

4.375%, 

6/15/2028

c

329,950

Morgan

Stanley

1,925,000

4.350%, 

9/8/2026

1,883,448

1,244,000

3.591%, 

7/22/2028

e

1,181,932

615,000

5.164%, 

4/20/2029

e

614,504

1,600,000

3.622%, 

4/1/2031

e

1,467,398

615,000

5.250%, 

4/21/2034

e

610,193

1,076,000

5.297%, 

4/20/2037

e

1,032,313

MPT

Operating

Partnership,

LP/

MPT

Finance

Corporation

91,000

5.250%, 

8/1/2026

b

83,304

467,000

4.625%, 

8/1/2029

b

358,408

Nasdaq,

Inc.

750,000

3.250%, 

4/28/2050

522,674

Nationstar

Mortgage

Holdings,

Inc.

341,000

6.000%, 

1/15/2027

c

336,162

NatWest

Group

plc

650,000

4.445%, 

5/8/2030

e

619,015

925,000

6.475%, 

6/1/2034

e

940,251

Necessity

Retail

REIT,

Inc./

American

Finance

Operating

Partner,

LP

192,000

4.500%, 

9/30/2028

c

164,328

New

York

Life

Global

Funding

925,000

4.550%, 

1/28/2033

c

892,321

NNN

REIT,

Inc.

940,000

5.600%, 

10/15/2033

951,735

Office

Properties

Income

Trust

148,000

2.650%, 

6/15/2026

85,509

Omega

Healthcare

Investors,

Inc.

780,000

3.625%, 

10/1/2029

696,239

875,000

3.375%, 

2/1/2031

746,867

OneMain

Finance

Corporation

537,000

3.500%, 

1/15/2027

498,497

560,000

3.875%, 

9/15/2028

499,563

Osaic

Holdings,

Inc.

96,000

10.750%, 

8/1/2027

c

99,254

Panther

Escrow

Issuer,

LLC

465,000

7.125%, 

6/1/2031

c,f

472,770

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

223

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Financials

(1.7%)

-

continued

Park

Intermediate

Holdings,

LLC

$

546,000

4.875%, 

5/15/2029

c

$

507,737

Pine

Street

Trust

I

923,000

4.572%, 

2/15/2029

c

877,239

PNC

Financial

Services

Group,

Inc.

307,000

6.615%, 

10/20/2027

e

316,075

1,230,000

4.626%, 

6/6/2033

e

1,147,050

PRA

Group,

Inc.

82,000

7.375%, 

9/1/2025

c

81,854

501,000

8.375%, 

2/1/2028

c

498,596

Principal

Life

Global

Funding

II

825,000

1.250%, 

8/16/2026

c

749,447

Prologis

Targeted

US

Logistics

Fund,

LP

618,000

5.250%, 

4/1/2029

c

616,228

Prologis,

LP

416,000

5.250%, 

3/15/2054

408,549

Prudential

Financial,

Inc.

1,170,000

5.125%, 

3/1/2052

e

1,096,692

Quicken

Loans,

LLC

301,000

3.875%, 

3/1/2031

c

262,231

Realty

Income

Corporation

1,250,000

2.100%, 

3/15/2028

1,118,353

Regency

Centers,

LP

1,050,000

4.125%, 

3/15/2028

1,011,130

461,000

5.250%, 

1/15/2034

459,245

RGA

Global

Funding

298,000

5.500%, 

1/11/2031

c

298,819

RHP

Hotel

Properties,

LP/RHP

Finance

Corporation

318,000

7.250%, 

7/15/2028

c

327,481

RLJ

Lodging

Trust,

LP

172,000

3.750%, 

7/1/2026

c

163,797

363,000

4.000%, 

9/15/2029

c

319,992

Rocket

Mortgage,

LLC/Rocket

Mortgage

Co-Issuer,

Inc.

440,000

3.625%, 

3/1/2029

c

395,800

Royal

Bank

of

Canada

953,000

5.200%, 

7/20/2026

956,066

Santander

Holdings

USA,

Inc.

308,000

6.499%, 

3/9/2029

e

315,023

268,000

6.174%, 

1/9/2030

e

270,416

Santander

UK

Group

Holdings

plc

1,000,000

1.673%, 

6/14/2027

e

914,774

Service

Properties

Trust

156,000

7.500%, 

9/15/2025

158,103

81,000

5.250%, 

2/15/2026

78,359

185,000

8.625%, 

11/15/2031

c

197,291

Simon

Property

Group,

LP

1,025,000

3.800%, 

7/15/2050

783,679

SLM

Corporation

180,000

4.200%, 

10/29/2025

175,652

Societe

Generale

SA

1,122,000

4.750%, 

11/24/2025

c

1,100,282

Standard

Chartered

plc

1,104,000

1.822%, 

11/23/2025

c,e

1,074,035

Sumitomo

Mitsui

Financial

Group,

Inc.

1,140,000

3.010%, 

10/19/2026

1,082,455

922,000

5.710%, 

1/13/2030

951,474

850,000

1.710%, 

1/12/2031

681,850

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Financials

(1.7%)

-

continued

Synchrony

Financial

$

169,000

7.250%, 

2/2/2033

$

167,785

Synovus

Bank

1,201,000

5.625%, 

2/15/2028

1,166,289

Toronto-Dominion

Bank

924,000

5.156%, 

1/10/2028

929,922

805,000

5.523%, 

7/17/2028

822,126

Truist

Financial

Corporation

623,000

6.047%, 

6/8/2027

e

631,409

440,000

5.125%, 

12/15/2027

e,j

397,400

770,000

5.122%, 

1/26/2034

e

741,146

390,000

5.711%, 

1/24/2035

e

391,684

U.S.

Bancorp

616,000

5.727%, 

10/21/2026

e

619,332

954,000

5.775%, 

6/12/2029

e

970,649

244,000

5.836%, 

6/12/2034

e

248,698

416,000

5.678%, 

1/23/2035

e

420,047

UBS

Group

AG

1,800,000

2.193%, 

6/5/2026

c,e

1,725,732

928,000

6.246%, 

9/22/2029

c,e

957,428

767,000

3.091%, 

5/14/2032

c,e

652,386

589,000

5.699%, 

2/8/2035

c,e

591,981

UDR,

Inc.

875,000

2.100%, 

8/1/2032

686,051

United

Wholesale

Mortgage,

LLC

109,000

5.500%, 

11/15/2025

c

108,017

268,000

5.500%, 

4/15/2029

c

253,474

UnitedHealth

Group,

Inc.

616,000

5.875%, 

2/15/2053

666,453

923,000

4.750%, 

5/15/2052

856,018

Vornado

Realty,

LP

121,000

3.400%, 

6/1/2031

95,762

Wells

Fargo

&

Company

125,000

3.000%, 

4/22/2026

119,543

1,475,000

3.000%, 

10/23/2026

1,396,290

923,000

3.526%, 

3/24/2028

e

878,501

1,400,000

2.393%, 

6/2/2028

e

1,281,426

644,000

5.574%, 

7/25/2029

e

651,633

507,000

5.389%, 

4/24/2034

e

503,843

1,180,000

4.900%, 

11/17/2045

1,061,536

Willis

North

America,

Inc.

1,231,000

4.650%, 

6/15/2027

1,211,164

XHR,

LP

172,000

6.375%, 

8/15/2025

c

172,218

189,000

4.875%, 

6/1/2029

c

174,989

Total

161,603,135

Foreign

Government

(<0.1%)

NBN

Company,

Ltd.

1,050,000

2.625%, 

5/5/2031

c

893,159

Total

893,159

Mortgage-Backed

Securities

(6.0%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

9,470,178

2.000%, 

1/1/2052

7,586,979

5,477,993

2.000%, 

5/1/2051

4,388,751

21,656,494

2.500%, 

5/1/2051

f

18,087,842

7,913,864

3.500%, 

5/1/2052

f

7,086,367

9,405,973

4.000%, 

5/1/2052

8,781,583

17,673,502

3.500%, 

6/1/2052

f

15,836,667

5,169,279

5.000%, 

7/1/2053

5,076,607

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

224

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Mortgage-Backed

Securities

(6.0%)

-

continued

$

2,858,979

5.500%, 

7/1/2053

$

2,865,384

7,423,366

3.500%, 

8/1/2052

f

6,692,327

5,769,478

5.000%, 

8/1/2053

5,684,070

7,391,505

5.500%, 

9/1/2053

7,423,620

Federal

Home

Loan

Mortgage

Corporation

Gold

15-Yr.

Pass

Through

4,792,362

2.500%, 

7/1/2030

4,504,858

Federal

National

Mortgage

Association

Conventional

15-Yr.

Pass

Through

8,500,000

4.500%, 

4/1/2039

f

8,368,140

Federal

National

Mortgage

Association

Conventional

20-Yr.

Pass

Through

5,231,631

3.000%, 

12/1/2036

4,809,269

5,514,233

3.000%, 

8/1/2038

5,103,595

8,391,972

3.500%, 

5/1/2040

7,853,452

5,268,248

2.500%, 

4/1/2042

4,576,613

2,338,958

2.000%, 

5/1/2042

1,977,495

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

21,306,730

3.000%, 

1/1/2052

f

18,480,793

1,352,398

2.000%, 

2/1/2051

1,083,790

2,126,331

2.000%, 

2/1/2051

1,704,009

10,615,086

2.500%, 

2/1/2051

8,780,825

5,735,317

2.500%, 

2/1/2051

4,787,274

28,194,676

2.000%, 

3/1/2051

22,397,537

5,846,876

2.000%, 

3/1/2051

f

4,652,688

12,928,976

4.000%, 

3/1/2051

12,198,124

21,263,474

3.000%, 

3/1/2052

18,351,072

18,627,755

2.000%, 

4/1/2051

f

14,827,085

13,348,635

3.000%, 

4/1/2051

f

11,548,216

2,326,122

2.000%, 

4/1/2052

f

1,857,597

13,932,430

3.000%, 

5/1/2050

f

12,123,679

2,548,562

2.000%, 

5/1/2051

2,032,537

9,905,822

3.000%, 

5/1/2051

8,697,373

8,139,689

3.000%, 

6/1/2050

7,185,670

3,103,960

4.000%, 

6/1/2052

2,878,918

3,868,911

5.000%, 

6/1/2053

3,807,852

16,242,743

2.500%, 

7/1/2051

f

13,613,218

5,073,046

3.500%, 

7/1/2051

4,609,866

9,566,102

4.000%, 

7/1/2052

f

8,873,078

2,177,905

2.500%, 

8/1/2050

1,838,939

10,558,494

3.500%, 

8/1/2050

9,617,839

19,491,332

4.500%, 

8/1/2052

18,635,245

7,586,290

5.000%, 

8/1/2053

7,466,564

7,992,511

2.500%, 

9/1/2051

6,702,589

7,728,990

3.500%, 

9/1/2052

6,956,786

3,891,843

3.500%, 

9/1/2052

f

3,503,011

6,364,638

5.000%, 

9/1/2052

6,225,232

6,401,550

4.500%, 

9/1/2053

f

6,136,352

10,633,044

4.500%, 

9/1/2053

f

10,141,254

16,366,656

4.000%, 

10/1/2052

f

15,213,171

2,493,436

2.000%, 

11/1/2051

1,991,203

10,215,858

2.000%, 

12/1/2050

8,174,300

27,034,440

2.500%, 

12/1/2051

22,530,575

15,799,481

4.500%, 

12/1/2052

15,156,492

10,500,000

6.000%, 

4/1/2041

f

10,595,591

12,250,000

5.500%, 

4/1/2042

f

12,189,194

17,000,000

3.000%, 

4/1/2048

f

14,623,590

18,000,000

3.500%, 

4/1/2049

f

16,107,792

10,000,000

4.000%, 

4/1/2049

f

9,260,016

6,725,000

4.500%, 

4/1/2049

f

6,403,696

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Mortgage-Backed

Securities

(6.0%)

-

continued

$

27,450,000

5.000%, 

4/1/2049

f

$

26,781,954

Federal

National

Mortgage

Association

Conventional

40-Yr.

Pass

Through

18,975,417

2.500%, 

3/1/2062

15,187,153

5,296,024

3.500%, 

7/1/2061

4,647,896

8,053,106

4.000%, 

12/1/2061

7,367,235

Total

574,648,489

Technology

(0.4%)

Advanced

Micro

Devices,

Inc.

615,000

4.393%, 

6/1/2052

545,315

Analog

Devices,

Inc.

1,150,000

2.950%, 

10/1/2051

779,880

Apple,

Inc.

1,002,000

2.650%, 

2/8/2051

659,733

2,020,000

3.750%, 

9/12/2047

1,665,365

AthenaHealth

Group,

Inc.

480,000

6.500%, 

2/15/2030

b,c

439,017

Boost

Newco

Borrower,

LLC

268,000

7.500%, 

1/15/2031

c

280,546

Broadcom,

Inc.

354,000

3.469%, 

4/15/2034

c

303,346

1,231,000

3.137%, 

11/15/2035

c

994,527

1,350,000

3.187%, 

11/15/2036

c

1,074,400

600,000

4.926%, 

5/15/2037

c

569,440

Cisco

Systems,

Inc.

301,000

5.300%, 

2/26/2054

308,972

307,000

4.950%, 

2/26/2031

309,710

Cloud

Software

Group,

Inc.

867,000

6.500%, 

3/31/2029

c

822,750

302,000

9.000%, 

9/30/2029

c

289,653

CommScope,

Inc.

265,000

7.125%, 

7/1/2028

c

104,825

Consensus

Cloud

Solutions,

Inc.

83,000

6.000%, 

10/15/2026

c

78,888

CoreLogic,

Inc.

100,000

4.500%, 

5/1/2028

c

89,666

Dell

International,

LLC/EMC

Corporation

665,000

6.020%, 

6/15/2026

673,499

Dell,

Inc.

563,000

6.500%, 

4/15/2038

603,146

Fiserv,

Inc.

326,000

2.250%, 

6/1/2027

299,471

639,000

2.650%, 

6/1/2030

556,359

613,000

5.350%, 

3/15/2031

620,147

537,000

5.600%, 

3/2/2033

547,481

Gen

Digital,

Inc.

13,000

6.750%, 

9/30/2027

c

13,186

199,000

7.125%, 

9/30/2030

c

204,460

Global

Payments,

Inc.

923,000

5.300%, 

8/15/2029

918,598

II-VI,

Inc.

164,000

5.000%, 

12/15/2029

c

154,462

Intel

Corporation

610,000

5.600%, 

2/21/2054

621,528

Iron

Mountain,

Inc.

570,000

4.875%, 

9/15/2029

c

534,768

750,000

5.250%, 

7/15/2030

c

709,483

585,000

4.500%, 

2/15/2031

c

527,809

KLA

Corporation

923,000

3.300%, 

3/1/2050

677,506

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

225

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Technology

(0.4%)

-

continued

Marvell

Technology,

Inc.

$

155,000

5.950%, 

9/15/2033

$

160,628

Mastercard,

Inc.

729,000

3.950%, 

2/26/2048

618,522

McAfee

Corporation

166,000

7.375%, 

2/15/2030

c

152,230

Microchip

Technology,

Inc.

131,000

5.050%, 

3/15/2029

131,020

Micron

Technology,

Inc.

333,000

5.300%, 

1/15/2031

334,926

Microsoft

Corporation

382,000

3.041%, 

3/17/2062

266,113

1,033,000

2.500%, 

9/15/2050

c

667,290

927,000

3.700%, 

8/8/2046

790,304

NCR

Atleos

Corporation

133,000

9.500%, 

4/1/2029

c

142,258

NCR

Voyix

Corporation

516,000

5.125%, 

4/15/2029

c

478,566

Neptune

Bidco

US,

Inc.

338,000

9.290%, 

4/15/2029

c

319,604

Newfold

Digital

Holdings

Group,

Inc.

100,000

11.750%, 

10/15/2028

c

108,241

NXP

BV/NXP

Funding,

LLC

480,000

5.550%, 

12/1/2028

487,359

NXP

BV/NXP

Funding,

LLC/NXP

USA,

Inc.

480,000

4.300%, 

6/18/2029

462,523

480,000

3.250%, 

5/11/2041

356,474

Open

Text

Corporation

207,000

3.875%, 

12/1/2029

c

184,437

675,000

4.125%, 

2/15/2030

c

604,716

Oracle

Corporation

615,000

6.900%, 

11/9/2052

707,652

716,000

6.150%, 

11/9/2029

754,618

1,815,000

3.850%, 

7/15/2036

1,547,456

1,250,000

4.000%, 

7/15/2046

984,711

Pitney

Bowes,

Inc.

83,000

6.875%, 

3/15/2027

c

75,788

PTC,

Inc.

300,000

3.625%, 

2/15/2025

c

293,736

270,000

4.000%, 

2/15/2028

c

252,334

RingCentral,

Inc.

344,000

8.500%, 

8/15/2030

c

357,668

Roper

Technologies,

Inc.

771,000

1.750%, 

2/15/2031

620,705

S&P

Global,

Inc.

155,000

5.250%, 

9/15/2033

c

158,385

Seagate

HDD

Cayman

201,000

8.500%, 

7/15/2031

b,c

217,213

389,350

9.625%, 

12/1/2032

443,586

Sensata

Technologies

BV

575,000

4.000%, 

4/15/2029

c

525,025

Sensata

Technologies,

Inc.

393,000

3.750%, 

2/15/2031

c

339,946

Shift4

Payments,

LLC/Shift4

Payments

Finance

Sub,

Inc.

190,000

4.625%, 

11/1/2026

c

183,701

SK

Hynix,

Inc.

500,000

5.500%, 

1/16/2027

c

499,948

SS&C

Technologies,

Inc.

473,000

5.500%, 

9/30/2027

c

462,479

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Technology

(0.4%)

-

continued

Texas

Instruments,

Inc.

$

615,000

5.050%, 

5/18/2063

$

598,936

UKG,

Inc.

331,000

6.875%, 

2/1/2031

c

337,199

Viavi

Solutions,

Inc.

396,000

3.750%, 

10/1/2029

c

339,764

Visa,

Inc.

1,284,000

2.700%, 

4/15/2040

962,203

VMware,

LLC

565,000

4.650%, 

5/15/2027

555,406

900,000

2.200%, 

8/15/2031

732,407

Xerox

Holdings

Corporation

40,000

5.000%, 

8/15/2025

c

39,469

244,000

5.500%, 

8/15/2028

c

222,155

Total

35,455,637

Transportation

(0.1%)

American

Airlines

Group,

Inc.

119,000

3.750%, 

3/1/2025

c

115,696

American

Airlines,

Inc.

235,000

8.500%, 

5/15/2029

c

248,267

American

Airlines,

Inc./

AAdvantage

Loyalty

IP,

Ltd.

1,000,500

5.500%, 

4/20/2026

c

993,686

Avis

Budget

Car

Rental,

LLC/Avis

Budget

Finance,

Inc.

216,000

5.375%, 

3/1/2029

c

201,310

Burlington

Northern

Santa

Fe,

LLC

724,000

2.875%, 

6/15/2052

474,046

608,000

5.750%, 

5/1/2040

642,080

625,000

4.450%, 

3/15/2043

562,211

Canadian

Pacific

Railway

Company

615,000

4.700%, 

5/1/2048

548,792

CSX

Corporation

900,000

3.800%, 

4/15/2050

702,819

Delta

Air

Lines,

Inc./SkyMiles

IP,

Ltd.

1,340,000

4.750%, 

10/20/2028

c

1,310,596

ERAC

USA

Finance,

LLC

616,000

5.400%, 

5/1/2053

c

618,344

Hawaiian

Brand

Intellectual

Property,

Ltd.

261,000

5.750%, 

1/20/2026

c

244,937

Hertz

Corporation

185,000

4.625%, 

12/1/2026

c

167,895

209,000

5.000%, 

12/1/2029

b,c

161,508

Mileage

Plus

Holdings,

LLC

1,000,350

6.500%, 

6/20/2027

c

1,005,868

Penske

Truck

Leasing

Company,

LP/PTL

Finance

Corporation

623,000

5.750%, 

5/24/2026

c

627,507

Rand

Parent,

LLC

356,000

8.500%, 

2/15/2030

b,c

352,533

RXO,

Inc.

413,000

7.500%, 

11/15/2027

c

423,841

Southwest

Airlines

Company

960,000

2.625%, 

2/10/2030

834,905

Spirit

Loyalty

Cayman,

Ltd.

116,000

8.000%, 

9/20/2025

c

88,059

Stena

International

SA

265,000

7.250%, 

1/15/2031

c

264,325

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

226

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Transportation

(0.1%)

-

continued

Union

Pacific

Corporation

$

1,231,000

2.973%, 

9/16/2062

$

770,600

United

Airlines,

Inc.

377,000

4.375%, 

4/15/2026

c

364,460

VistaJet

Malta

Finance

plc/Vista

Management

Holding,

Inc.

102,000

7.875%, 

5/1/2027

c

86,233

450,000

6.375%, 

2/1/2030

b,c

331,706

Total

12,142,224

U.S.

Government

&

Agencies

(6.7%)

U.S.

Treasury

Bonds

4,250,000

2.875%, 

5/15/2052

3,215,723

5,377,000

3.625%, 

5/15/2053

4,724,199

7,260,000

1.625%, 

11/15/2050

4,100,482

14,500,000

4.750%, 

11/15/2053

15,478,750

19,150,000

5.250%, 

11/15/2028

19,933,953

2,975,000

4.375%, 

5/15/2040

2,990,805

44,475,000

1.375%, 

11/15/2040

28,599,510

1,340,000

3.000%, 

5/15/2042

1,096,759

5,750,000

3.250%, 

5/15/2042

4,887,725

68,726,000

2.500%, 

5/15/2046

49,579,366

46,100,000

2.875%, 

5/15/2049

35,066,613

U.S.

Treasury

Notes

12,985,000

2.125%, 

7/31/2024

12,847,795

28,665,000

2.250%, 

11/15/2024

28,145,447

19,170,000

2.125%, 

11/30/2024

18,782,481

46,100,000

3.875%, 

3/31/2025

45,579,610

20,800,000

5.000%, 

8/31/2025

20,842,250

8,000,000

4.250%, 

12/31/2025

7,934,062

52,575,000

2.625%, 

1/31/2026

50,681,479

2,300,000

0.500%, 

2/28/2026

2,125,793

90,300,000

2.500%, 

2/28/2026

86,737,383

6,400,000

4.625%, 

2/28/2026

6,394,750

7,285,000

2.250%, 

11/15/2027

6,776,188

13,950,000

3.875%, 

12/31/2027

13,724,947

1,500,000

0.750%, 

1/31/2028

1,312,383

30,100,000

3.500%, 

1/31/2028

29,219,340

15,300,000

3.625%, 

3/31/2028

14,915,109

72,550,000

2.875%, 

5/15/2028

68,653,271

21,000,000

4.375%, 

8/31/2028

21,086,133

270,000

1.375%, 

11/15/2031

220,535

32,000,000

4.500%, 

11/15/2033

32,710,000

Total

638,362,841

Utilities

(0.4%)

AES

Corporation

1,227,000

3.950%, 

7/15/2030

c

1,115,945

Ameren

Illinois

Company

676,000

4.500%, 

3/15/2049

595,084

American

Electric

Power

Company,

Inc.

605,000

5.200%, 

1/15/2029

606,422

537,000

5.625%, 

3/1/2033

545,190

American

Water

Capital

Corporation

604,000

5.450%, 

3/1/2054

609,150

Appalachian

Power

Company

750,000

3.300%, 

6/1/2027

708,316

Atmos

Energy

Corporation

466,000

5.900%, 

11/15/2033

494,333

Berkshire

Hathaway

Energy

Company

1,165,000

4.500%, 

2/1/2045

1,044,243

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Utilities

(0.4%)

-

continued

Calpine

Corporation

$

370,000

4.500%, 

2/15/2028

c

$

350,935

CenterPoint

Energy

Resources

Corporation

750,000

1.750%, 

10/1/2030

615,906

CenterPoint

Energy,

Inc.

270,000

4.250%, 

11/1/2028

257,420

Commonwealth

Edison

Company

1,025,000

3.700%, 

3/1/2045

808,334

Consolidated

Edison

Company

of

New

York,

Inc.

579,000

4.500%, 

12/1/2045

507,889

1,250,000

4.125%, 

5/15/2049

1,021,368

Constellation

Energy

Generation,

LLC

310,000

6.125%, 

1/15/2034

327,329

Consumers

Energy

Company

1,012,000

4.350%, 

4/15/2049

883,827

DTE

Electric

Company

965,000

3.700%, 

3/15/2045

769,117

475,000

3.700%, 

6/1/2046

370,231

Duke

Energy

Carolinas,

LLC

1,090,000

3.700%, 

12/1/2047

826,534

Duke

Energy

Indiana,

LLC

847,000

3.750%, 

5/15/2046

664,448

Edison

International

725,000

5.750%, 

6/15/2027

734,555

Eversource

Energy

769,000

4.750%, 

5/15/2026

761,025

Exelon

Corporation

585,000

4.700%, 

4/15/2050

512,350

983,000

4.450%, 

4/15/2046

839,029

FirstEnergy

Corporation

769,000

5.100%, 

7/15/2047

675,073

Georgia

Power

Company

523,000

4.950%, 

5/17/2033

515,664

303,000

5.250%, 

3/15/2034

306,059

ITC

Holdings

Corporation

760,000

5.300%, 

7/1/2043

717,419

Jersey

Central

Power

&

Light

Company

450,000

2.750%, 

3/1/2032

c

373,909

MidAmerican

Energy

Company

706,000

5.850%, 

9/15/2054

753,283

National

Rural

Utilities

Cooperative

Finance

Corporation

381,000

3.700%, 

3/15/2029

360,365

NextEra

Energy

Capital

Holdings,

Inc.

618,000

5.749%, 

9/1/2025

620,652

NextEra

Energy

Operating

Partners,

LP

600,000

3.875%, 

10/15/2026

c

559,569

NiSource

Finance

Corporation

900,000

5.650%, 

2/1/2045

891,607

NRG

Energy,

Inc.

141,000

3.375%, 

2/15/2029

c

125,268

923,000

4.450%, 

6/15/2029

c

872,533

240,000

5.250%, 

6/15/2029

c

229,443

Pacific

Gas

and

Electric

Company

800,000

3.300%, 

12/1/2027

743,387

618,000

5.550%, 

5/15/2029

623,396

538,000

4.550%, 

7/1/2030

511,381

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

227

Principal

Amount

Long-Term

Fixed

Income

(20.3%)

Value

Utilities

(0.4%)

-

continued

$

619,000

6.950%, 

3/15/2034

$

677,659

300,000

5.800%, 

5/15/2034

302,778

PG&E

Corporation

471,000

5.000%, 

7/1/2028

453,602

PPL

Electric

Utilities

Corporation

547,000

3.950%, 

6/1/2047

443,558

Public

Service

Company

of

Colorado

779,000

4.500%, 

6/1/2052

654,541

Public

Service

Enterprise

Group,

Inc.

619,000

5.875%, 

10/15/2028

637,344

San

Diego

Gas

&

Electric

Company

940,000

4.150%, 

5/15/2048

785,565

Southern

California

Edison

Company

949,000

4.000%, 

4/1/2047

751,106

Southern

Company

1,231,000

5.113%, 

8/1/2027

1,231,668

Southern

Company

Gas

Capital

Corporation

620,000

4.400%, 

5/30/2047

515,552

Southwestern

Electric

Power

Company

620,000

3.900%, 

4/1/2045

475,764

Talen

Energy

Supply,

LLC

329,000

8.625%, 

6/1/2030

c

351,817

TerraForm

Power

Operating,

LLC

750,000

5.000%, 

1/31/2028

c

714,310

Virginia

Electric

and

Power

Company

222,000

5.350%, 

1/15/2054

217,608

850,000

4.600%, 

12/1/2048

745,174

Vistra

Operations

Company,

LLC

875,000

5.125%, 

5/13/2025

c

867,261

1,005,000

5.000%, 

7/31/2027

c

973,168

Xcel

Energy,

Inc.

462,000

4.600%, 

6/1/2032

434,444

Total

36,080,907

Total

Long-Term

Fixed

Income

(cost

$2,071,594,941)

1,936,666,458

Shares

Private

Equity

Funds

(

0.3%

)

Value

Secondary

(0.3%)

1

ASF

IX,

LP

*,a,l

5,434,046

1

Crown

Global

Secondaries

VI

Feeder

SA,

SICAV-RAIF

*,a,l

922,086

1

LCP

X

(Offshore),

LP

*,a,l

22,594,985

Total

28,951,117

Total

Private

Equity

Funds

(cost

$22,361,202)

28,951,117

Shares

Collateral

Held

for

Securities

Loaned

(

0.1%

)

Value

13,268,176

Thrivent

Cash

Management

Trust

13,268,176

Total

Collateral

Held

for

Securities

Loaned

(cost

$13,268,176)

13,268,176

Shares

or

Principal

Amount

Short-Term

Investments

(

10.3%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

11,600,000

5.227%,

4/3/2024

m,n

$

11,589,985

6,900,000

5.210%,

4/10/2024

m,n

6,887,093

32,100,000

5.205%,

4/12/2024

m,n

32,030,718

5,900,000

5.214%,

4/17/2024

m,n

5,883,021

500,000

5.207%,

4/26/2024

m,n

497,914

900,000

5.240%,

5/3/2024

m,n

895,302

2,000,000

5.230%,

5/8/2024

m,n

1,988,110

4,700,000

5.210%,

5/21/2024

m,n

4,663,199

900,000

5.237%,

5/22/2024

m,n

892,822

400,000

5.240%,

5/31/2024

m,n

396,288

5,100,000

5.230%,

6/7/2024

m,n

5,048,049

100,000

5.250%,

6/14/2024

m,n

98,881

2,600,000

5.235%,

6/20/2024

m,n

2,568,666

Thrivent

Core

Short-Term

Reserve

Fund

91,407,346

5.590%

914,073,462

U.S.

Treasury

Bills

400,000

5.220%,

4/11/2024

m,o

399,418

400,000

5.218%,

5/16/2024

m,o

397,385

Total

Short-Term

Investments

(cost

$988,195,641)

988,310,313

Total

Investments

(cost

$7,985,592,504)

101.2%

$9,672,578,874

Other

Assets

and

Liabilities,

Net

(1.2%)

(114,732,014)

Total

Net

Assets

100.0%

$9,557,846,860

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

c

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

March

28,

2024,

the

value

of

these

investments

was

$297,507,742

or

3.1%

of

total

net

assets.

d

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

March

28,

2024.

e

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

March

28,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

f

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

g

Denotes

interest

only

security.  Interest

only

securities

represent

the

right

to

receive

monthly

interest

payments

on

an

underlying

pool

of

mortgages

or

assets.  The

principal

shown

is

the

outstanding

par

amount

of

the

pool

as

of

the

end

of

the

period.

The

actual

effective

yield

of

the

security

is

different

than

the

stated

coupon

rate.

h

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

i

Denotes

payment-in-kind

security.  The

security

may

pay

an

interest

or

dividend

payment

with

additional

fixed

income

or

equity

securities

in

lieu

of,

or

in

addition

to

a

cash

payment.  The

cash

rate

and/or

payment-in-kind

rate

shown

are

as

of

March

28,

2024.

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

228

j

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

k

Defaulted

security.  Interest

is

not

being

accrued.

l

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

m

The

interest

rate

shown

reflects

the

yield.

n

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

o

At

March

28,

2024,

$212,167

of

investments

were

segregated

to

cover

exposure

to

a

counterparty

for

margin

on

open

mortgage-backed

security

transactions.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Moderate

Allocation

Portfolio

as

of

March

28,

2024

was

$28,951,117

or

0.30%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

March

28,

2024.

Security

Acquisition

Date

Cost

ASF

IX,

LP 

3/18/2024

$

3,789,304

Crown

Global

Secondaries

VI

Feeder

SA,

SICAV-RAIF 

2/15/2024

896,000

LCP

X

(Offshore),

LP 

10/25/2023

17,675,898

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Moderate

Allocation

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

12,487,847

Common

Stock

264,412

Total

lending

$12,752,259

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$13,268,176

Net

amounts

due

to

counterparty

$515,917

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

CLO

-

Collateralized

Loan

Obligation

ETF

-

Exchange

Traded

Fund

PIK

-

Payment-In-Kind

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Reference

Rate

Index:

LIBOR

1M

-

ICE

Libor

USD

Rate

1

Month

SOFR30A

-

Secured

Overnight

Financing

Rate

30

Year

Average

TSFR1M

-

CME

Term

SOFR

1

Month

TSFR3M

-

CME

Term

SOFR

3

Month

USISOA05

-

USD

SOFR

Spread-Adjusted

ICE

Swap

Rate

5

Year

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

229

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Moderate

Allocation

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Registered

Investment

Companies

U.S.

Affiliated

3,429,212,879

3,429,212,879

–

–

U.S.

Unaffiliated

64,660,758

64,660,758

–

–

Common

Stock

Communications

Services

206,493,017

206,384,926

108,091

–

Consumer

Discretionary

328,266,860

328,266,860

–

–

Consumer

Staples

95,088,336

95,088,336

–

–

Energy

92,744,460

92,744,460

–

–

Financials

358,498,988

358,498,988

–

–

Health

Care

318,874,426

318,874,426

–

–

Industrials

317,508,285

313,965,137

3,543,148

–

Information

Technology

790,181,370

786,505,145

3,676,225

–

Materials

64,342,504

64,127,928

214,576

–

Real

Estate

85,724,544

85,724,544

–

–

Utilities

40,816,444

40,816,444

–

–

Long-Term

Fixed

Income

Asset-Backed

Securities

48,227,181

–

48,227,181

–

Basic

Materials

16,826,431

–

16,826,431

–

Capital

Goods

34,654,130

–

34,654,130

–

Collateralized

Mortgage

Obligations

90,202,217

–

90,202,217

–

Commercial

Mortgage-Backed

Securities

61,195,113

–

61,195,113

–

Communications

Services

56,975,527

–

56,975,527

–

Consumer

Cyclical

55,711,299

–

55,711,299

–

Consumer

Non-Cyclical

63,920,583

–

63,920,583

–

Energy

49,767,585

–

49,767,585

–

Financials

161,603,135

–

161,603,135

–

Foreign

Government

893,159

–

893,159

–

Mortgage-Backed

Securities

574,648,489

–

574,648,489

–

Technology

35,455,637

–

35,455,637

–

Transportation

12,142,224

–

12,142,224

–

U.S.

Government

&

Agencies

638,362,841

–

638,362,841

–

Utilities

36,080,907

–

36,080,907

–

Private

Equity

Funds

Secondary

28,951,117

–

–

28,951,117

Short-Term

Investments

74,236,851

–

74,236,851

–

Subtotal

Investments

in

Securities

$8,232,267,297

$6,184,870,831

$2,018,445,349

$28,951,117

Other

Investments  *

Total

Affiliated

Short-Term

Investments

914,073,462

U.S.

Affiliated

Registered

Investment

Cos.

512,969,939

Collateral

Held

for

Securities

Loaned

13,268,176

Subtotal

Other

Investments

$1,440,311,577

Total

Investments

at

Value

$9,672,578,874

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Moderate

Allocation

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

26,399,838

26,399,838

–

–

Total

Asset

Derivatives

$26,399,838

$26,399,838

$–

$–

Liability

Derivatives

Futures

Contracts

24,326,200

24,326,200

–

–

Total

Liability

Derivatives

$24,326,200

$24,326,200

$–

$–

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

230

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

S&P

-

Standard

&

Poor's

The

following

table

presents

Moderate

Allocation

Portfolio's

futures

contracts

held

as

of

March

28,

2024.

Investments

and/or

cash

totaling

$73,440,047

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Amount

Value

and

Unrealized

CBOT

10-Yr.

U.S.

Treasury

Note

633

June

2024

$

69,898,803

$

235,622

CBOT

2-Yr.

U.S.

Treasury

Note

1,369

June

2024

280,313,336

(

374,220)

CBOT

5-Yr.

U.S.

Treasury

Note

960

June

2024

102,617,520

117,485

CBOT

U.S.

Long

Bond

195

June

2024

23,221,918

263,394

CME

E-mini

Russell

2000

Index

44

June

2024

4,634,036

86,944

CME

E-mini

S&P

500

Index

5,519

June

2024

1,441,920,729

22,959,846

CME

E-mini

S&P

Mid-Cap

400

Index

7

June

2024

2,089,813

64,367

CME

Ultra

Long

Term

U.S.

Treasury

Bond

445

June

2024

56,839,619

565,381

Ultra

10-Yr.

U.S.

Treasury

Note

280

June

2024

31,944,839

145,788

Total

Futures

Long

Contracts

$

2,013,480,613

$

24,064,607

CME

E-mini

Russell

2000

Index

(2,545)

June

2024

(

$

268,655,459)

(

$

4,410,316)

CME

E-mini

S&P

Mid-Cap

400

Index

(2,175)

June

2024

(

652,161,668)

(

17,172,832)

CME

Euro

Foreign

Exchange

Currency

(754)

June

2024

(

103,624,233)

1,631,596

Eurex

Euro

STOXX

50

Index

(1,932)

June

2024

(

102,848,892)

(

2,368,832)

ICE

mini

MSCI

EAFE

Index

(764)

June

2024

(

90,161,670)

120,450

ICE

US

mini

MSCI

Emerging

Markets

Index

(1,465)

June

2024

(

77,048,215)

208,965

Total

Futures

Short

Contracts

(

$

1,294,500,137)

($21,990,969)

Total

Futures

Contracts

$

718,980,476

$2,073,638

Moderate

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

231

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Moderate

Allocation

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$169,432

$2,463

$6,288

$167,025

20,723

1.7%

Core

Emerging

Markets

Equity

52,869

–

–

55,112

6,063

0.6

Core

Low

Volatility

Equity

66,110

–

61,000

5,625

509

0.1

Core

Mid

Cap

Value

125,468

–

–

133,509

11,825

1.4

Core

Small

Cap

Value

143,063

–

–

151,699

14,393

1.6

Global

Stock

521,008

–

–

564,550

37,945

5.9

High

Yield

113,378

1,709

1,286

113,379

27,314

1.2

Income

360,810

3,715

8,878

351,596

40,136

3.7

International

Allocation

293,868

–

–

307,681

30,984

3.2

International

Index

66,934

–

–

70,761

5,034

0.7

Large

Cap

Value

1,011,649

–

–

1,100,574

46,030

11.5

Limited

Maturity

Bond

199,145

1,772

4,358

196,821

20,447

2.1

Mid

Cap

Stock

485,985

–

–

544,055

24,714

5.7

Small

Cap

Stock

169,216

–

–

179,796

9,522

1.9

Total

U.S.

Affiliated

Registered

Investment

Companies

3,778,935

3,942,183

41.3

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

1,056,948

379,444

522,319

914,073

91,407

9.5

Total

Affiliated

Short-Term

Investments

1,056,948

914,073

9.5

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

16,701

52,426

55,859

13,268

13,268

0.1

Total

Collateral

Held

for

Securities

Loaned

16,701

13,268

0.1

Total

Value

$4,852,584

$

4,869,524

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

($1,637)

$3,055

$

–

$2,464

Core

Emerging

Markets

Equity

–

2,243

–

–

Core

Low

Volatility

Equity

1,821

(1,306)

–

–

Core

Mid

Cap

Value

Fund

–

8,041

–

–

Core

Small

Cap

Value

Fund

–

8,636

–

–

Global

Stock

–

43,542

–

–

High

Yield

(205)

(217)

–

1,707

Income

(1,198)

(2,853)

–

3,709

International

Allocation

–

13,813

–

–

International

Index

–

3,827

–

–

Large

Cap

Value

–

88,925

–

–

Limited

Maturity

Bond

(103)

365

–

1,773

Mid

Cap

Stock

–

58,070

–

–

Small

Cap

Stock

–

10,580

–

–

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

–

–

–

13,938

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$23,591

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

18

Total

Affiliated

Income

from

Securities

Loaned,

Net

$

18

Total

Value

($1,322)

$236,721

$

–

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

232

Shares

Registered

Investment

Companies

(

49.6%

)

Value

U.S.

Affiliated  (48.9%)

7,075,429

Thrivent

Core

Emerging

Markets

Debt

Fund

$

57,027,960

13,433,477

Thrivent

Core

Emerging

Markets

Equity

Fund

122,110,305

6,641,003

Thrivent

Core

International

Equity

Fund

70,660,270

478,067

Thrivent

Core

Low

Volatility

Equity

Fund

5,287,418

9,861,992

Thrivent

Core

Mid

Cap

Value

Fund

111,341,889

10,108,617

Thrivent

Core

Small

Cap

Value

Fund

106,544,826

40,949,319

Thrivent

Global

Stock

Portfolio

609,248,069

9,141,656

Thrivent

High

Yield

Portfolio

37,947,014

13,131,335

Thrivent

Income

Portfolio

115,033,117

51,894,898

Thrivent

International

Allocation

Portfolio

515,331,909

3,580,023

Thrivent

International

Index

Portfolio

50,318,651

33,083,683

Thrivent

Large

Cap

Value

Portfolio

791,030,862

6,985,643

Thrivent

Limited

Maturity

Bond

Portfolio

67,243,098

26,195,877

Thrivent

Mid

Cap

Stock

Portfolio

576,681,286

9,778,341

Thrivent

Small

Cap

Stock

Portfolio

184,641,484

Total

3,420,448,158

U.S.

Unaffiliated  (0.7%)

15,662

Communication

Services

Select

Sector

SPDR

Fund

1,278,959

7,475

Industrial

Select

Sector

SPDR

Fund

941,551

6,629

Invesco

QQQ

Trust

Series

1

2,943,342

56,562

iShares

Biotechnology

ETF

7,761,438

61,172

SPDR

S&P

500

ETF

Trust

31,997,238

15,513

SPDR

S&P

Biotech

ETF

1,472,029

3,522

SPDR

S&P

Oil

&

Gas

Exploration

ETF

545,663

Total

46,940,220

Total

Registered

Investment

Companies

(cost

$2,679,908,723)

3,467,388,378

Shares

Common

Stock

(

30.6%

)

Value

Communications

Services

(2.1%)

62,912

Alphabet,

Inc.,

Class

A

a

9,495,308

352,545

Alphabet,

Inc.,

Class

C

a

53,678,502

64,273

Altice

USA,

Inc.

a

167,753

22,071

AMC

Networks,

Inc.

a

267,721

8,043

Bandwidth,

Inc.

a

146,865

8,804

Bumble,

Inc.

a

99,925

73

Cable

One,

Inc.

30,888

208,611

Cargurus,

Inc.

a

4,814,742

54,308

Comcast

Corporation

2,354,252

218

E.W.

Scripps

Company

a

857

38,245

Electronic

Arts,

Inc.

5,073,964

21,352

Emerald

Holding,

Inc.

a

145,407

8,514

Entravision

Communications

Corporation

13,963

46,356

iHeartMedia,

Inc.

a

96,884

14,209

Imax

Corporation

a

229,760

109,683

Integral

Ad

Science

Holding

Corporation

a

1,093,540

6,555

Interpublic

Group

of

Companies,

Inc.

213,890

16,530

Iridium

Communications,

Inc.

432,425

Shares

Common

Stock

(30.6%)

Value

Communications

Services

(2.1%)

-

continued

33,991

Liberty

Global,

Ltd.,

Class

A

a

$

575,128

24,865

Liberty

Latin

America,

Ltd.,

Class

A

a

173,309

1,967

Live

Nation

Entertainment,

Inc.

a

208,050

186,706

Lumen

Technologies,

Inc.

a

291,261

3,147

Match

Group,

Inc.

a

114,173

107,400

Meta

Platforms,

Inc.

52,151,292

3,886

Netflix,

Inc.

a

2,360,084

1,217

Omnicom

Group,

Inc.

117,757

66,855

Pinterest,

Inc.

a

2,317,863

16,823

Playtika

Holding

Corporation

118,602

191,844

QuinStreet,

Inc.

a

3,387,965

10,465

Roku,

Inc.

a

682,004

8,295

Sinclair,

Inc.

111,734

7,353

TechTarget,

Inc.

a

243,237

16,967

Telephone

and

Data

Systems,

Inc.

271,811

39,131

Trade

Desk,

Inc.

a

3,420,832

79,514

Verizon

Communications,

Inc.

3,336,407

61,646

Warner

Brothers

Discovery,

Inc.

a

538,170

5,129

Windstream

Services,

LLC

a

48,725

11,438

Ziff

Davis,

Inc.

a

721,052

Total

149,546,102

Consumer

Discretionary

(3.7%)

447

Adient

plc

a

14,715

466,245

Amazon.com,

Inc.

a

84,101,273

3,275

American

Axle

&

Manufacturing

Holdings,

Inc.

a

24,104

44,490

American

Eagle

Outfitters,

Inc.

1,147,397

14,551

Aptiv

plc

a

1,158,987

19,214

Autoliv,

Inc.

2,313,942

2,347

Beazer

Homes

USA,

Inc.

a

76,982

2,602

Best

Buy

Company,

Inc.

213,442

778

Booking

Holdings,

Inc.

2,822,491

46,429

Boot

Barn

Holdings,

Inc.

a

4,417,719

11,948

Brunswick

Corporation

1,153,221

10,670

Buckle,

Inc.

429,681

51

Cavco

Industries,

Inc.

a

20,352

1,222

Chipotle

Mexican

Grill,

Inc.

a

3,552,073

45,623

Columbia

Sportswear

Company

3,703,675

7,706

Container

Store

Group,

Inc.

a

8,785

57,743

Cooper-Standard

Holdings,

Inc.

a

956,224

2,847

Coursera,

Inc.

a

39,915

877

Crocs,

Inc.

a

126,113

5,774

Culp,

Inc.

a

27,715

3,484

D.R.

Horton,

Inc.

573,292

45,517

Dana,

Inc.

578,066

2,124

Darden

Restaurants,

Inc.

355,027

2,702

Deckers

Outdoor

Corporation

a

2,543,284

2,020

DoorDash,

Inc.

a

278,194

189

Dorman

Products,

Inc.

a

18,218

161,601

eBay,

Inc.

8,529,301

1,917

El

Pollo

Loco

Holdings,

Inc.

a

18,672

5,889

Etsy,

Inc.

a

404,692

38,380

Everi

Holdings,

Inc.

a

385,719

58,678

Expedia

Group,

Inc.

a

8,082,894

15,870

Five

Below,

Inc.

a

2,878,501

565

Fox

Factory

Holding

Corporation

a

29,419

43,561

Gap,

Inc.

1,200,105

781

Garmin,

Ltd.

116,267

59,241

Gentex

Corporation

2,139,785

4,931

Genuine

Parts

Company

763,960

16,966

Goodyear

Tire

&

Rubber

Company

a

232,943

20,780

Grand

Canyon

Education,

Inc.

a

2,830,444

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

233

Shares

Common

Stock

(30.6%)

Value

Consumer

Discretionary

(3.7%)

-

continued

7,981

Green

Brick

Partners,

Inc.

a

$

480,696

3,128

Harley-Davidson,

Inc.

136,819

40,109

Hilton

Worldwide

Holdings,

Inc.

8,555,651

51,837

Home

Depot,

Inc.

19,884,673

15,955

Kohl's

Corporation

465,088

44,784

Laureate

Education,

Inc.

652,503

4,483

La-Z-Boy,

Inc.

168,650

7,417

Lear

Corporation

1,074,575

8,568

Leggett

&

Platt,

Inc.

164,077

2,145

Lennar

Corporation

368,897

35,410

LKQ

Corporation

1,891,248

4,681

Lowe's

Companies,

Inc.

1,192,391

6,364

Lululemon

Athletica,

Inc.

a

2,486,097

1,118

M/I

Homes,

Inc.

a

152,372

122

Marriott

Vacations

Worldwide

Corporation

13,143

23,919

McDonald's

Corporation

6,743,962

17,032

Meritage

Homes

Corporation

2,988,435

72,343

Mobileye

Global,

Inc.

a

2,325,827

37,367

Modine

Manufacturing

Company

a

3,556,965

9,656

Mohawk

Industries,

Inc.

a

1,263,874

15,110

Nordstrom,

Inc.

306,280

437

NVR,

Inc.

a

3,539,682

5,336

O'Reilly

Automotive,

Inc.

a

6,023,704

8,269

Polaris,

Inc.

827,892

6,647

Pool

Corporation

2,682,064

121,209

Qurate

Retail,

Inc.

a

149,087

4,125

Ralph

Lauren

Corporation

774,510

6,580

Ross

Stores,

Inc.

965,681

8,548

Savers

Value

Village,

Inc.

a

164,805

1,123

Shake

Shack,

Inc.

a

116,826

28,965

SharkNinja,

Inc.

1,804,230

67,990

Skyline

Champion

Corporation

a

5,779,830

10,147

Sony

Group

Corporation

ADR

870,004

41,303

Starbucks

Corporation

3,774,681

174,790

Stoneridge,

Inc.

a

3,223,128

120,825

Tesla,

Inc.

a

21,239,827

30,595

Texas

Roadhouse,

Inc.

4,726,010

281,768

ThredUp,

Inc.

a

563,536

1,078

TopBuild

Corporation

a

475,107

28,192

Travel

+

Leisure

Company

1,380,280

18

Ulta

Beauty,

Inc.

a

9,412

10,956

United

Parks

&

Resorts,

Inc.

a

615,837

11,646

Upbound

Group,

Inc.

410,056

23,488

Urban

Outfitters,

Inc.

a

1,019,849

211

Vail

Resorts,

Inc.

47,017

424

Visteon

Corporation

a

49,867

18,515

Wendy's

Company

348,823

2,725

Wingstop,

Inc.

998,440

24,254

Wyndham

Hotels

&

Resorts,

Inc.

1,861,494

933

XPEL,

Inc.

a

50,401

5,089

Yum

China

Holding,

Inc.

202,491

Total

257,834,383

Consumer

Staples

(1.1%)

91,293

Altria

Group,

Inc.

3,982,201

961

Archer-Daniels-Midland

Company

60,361

10,909

BellRing

Brands,

Inc.

a

643,958

117,859

BJ's

Wholesale

Club

Holdings,

Inc.

a

8,916,033

7,674

Casey's

General

Stores,

Inc.

2,443,785

72,774

Celsius

Holdings,

Inc.

a

6,034,420

143,367

Coca-Cola

Company

8,771,193

1,767

Costco

Wholesale

Corporation

1,294,557

61,157

Coty,

Inc.

a

731,438

Shares

Common

Stock

(30.6%)

Value

Consumer

Staples

(1.1%)

-

continued

1,837

Darling

Ingredients,

Inc.

a

$

85,439

1,253

Dollar

Tree,

Inc.

a

166,837

28,272

e.l.f.

Beauty,

Inc.

a

5,542,160

6,556

Flowers

Foods,

Inc.

155,705

363

Hershey

Company

70,604

23,780

J

&

J

Snack

Foods

Corporation

3,437,637

15,138

John

B.

Sanfilippo

&

Son,

Inc.

1,603,417

37,816

Kenvue,

Inc.

811,531

5,608

Kroger

Company

320,385

9,468

Lamb

Weston

Holdings,

Inc.

1,008,626

30,978

Lancaster

Colony

Corporation

6,431,962

330

McCormick

&

Company,

Inc.

25,347

16,730

Philip

Morris

International,

Inc.

1,532,803

37,866

Pilgrim's

Pride

Corporation

a

1,299,561

1,297

PriceSmart,

Inc.

108,948

25,120

Procter

&

Gamble

Company

4,075,720

23,211

Sysco

Corporation

1,884,269

31,046

Turning

Point

Brands,

Inc.

909,648

2,285

Tyson

Foods,

Inc.

134,198

256,713

Walmart,

Inc.

15,446,421

Total

77,929,164

Energy

(1.0%)

3,052

Archrock,

Inc.

60,033

32,721

Baker

Hughes

Company

1,096,153

3,944

Cactus,

Inc.

197,555

5,561

California

Resources

Corporation

306,411

5,735

ChampionX

Corporation

205,829

13,488

Chesapeake

Energy

Corporation

1,198,139

4,914

Chevron

Corporation

775,134

12,275

ConocoPhillips

1,562,362

5,806

CVR

Energy,

Inc.

207,042

22,461

Devon

Energy

Corporation

1,127,093

39,656

Enterprise

Products

Partners,

LP

1,157,162

42,688

EOG

Resources,

Inc.

5,457,234

23,203

Expro

Group

Holdings

NV

a

463,364

37,261

Exxon

Mobil

Corporation

4,331,219

7,649

Gulfport

Energy

Corporation

a

1,224,758

232,684

Halliburton

Company

9,172,403

2,155

International

Seaways,

Inc.

114,646

36,184

Liberty

Energy,

Inc.

749,732

7,647

Magnolia

Oil

&

Gas

Corporation

198,440

38,836

Marathon

Oil

Corporation

1,100,612

4,231

Marathon

Petroleum

Corporation

852,546

70,438

Matador

Resources

Company

4,703,145

14,765

Murphy

Oil

Corporation

674,761

11,771

Noble

Corporation

plc

570,776

99,470

NOV,

Inc.

1,941,654

13,408

Ovintiv,

Inc.

695,875

25,016

Par

Pacific

Holdings,

Inc.

a

927,093

6,752

Patterson-UTI

Energy,

Inc.

80,619

10,329

Phillips

66

1,687,139

41,838

Pioneer

Natural

Resources

Company

10,982,475

79,555

ProPetro

Holding

Corporation

a

642,804

28,568

Schlumberger

NV

1,565,812

7,838

Shell

plc

ADR

525,460

28,460

SM

Energy

Company

1,418,731

4,402

Solaris

Oilfield

Infrastructure,

Inc.

38,165

253,451

TechnipFMC

plc

6,364,155

27,213

TETRA

Technologies,

Inc.

a

120,554

10,666

U.S.

Silica

Holdings,

Inc.

a

132,365

20,582

Viper

Energy,

Inc.

791,584

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

234

Shares

Common

Stock

(30.6%)

Value

Energy

(1.0%)

-

continued

99,946

Williams

Companies,

Inc.

$

3,894,896

Total

69,315,930

Financials

(4.1%)

4,529

1st

Source

Corporation

237,410

8,161

Allstate

Corporation

1,411,935

62,672

Ally

Financial,

Inc.

2,543,856

9,319

Amalgamated

Financial

Corporation

223,656

561

Amerant

Bancorp,

Inc.

13,066

38,831

American

Express

Company

8,841,430

16,430

American

International

Group,

Inc.

1,284,333

19,978

Ameriprise

Financial,

Inc.

8,759,154

1,523

Ameris

Bancorp

73,683

111

Apollo

Global

Management,

Inc.

12,482

1,785

Arch

Capital

Group,

Ltd.

a

165,005

8,970

Arthur

J.

Gallagher

&

Company

2,242,859

14,277

Artisan

Partners

Asset

Management,

Inc.

653,458

1,496

AssetMark

Financial

Holdings,

Inc.

a

52,973

3,958

Associated

Banc-Corp

85,137

2,334

Assurant,

Inc.

439,352

5,248

Assured

Guaranty,

Ltd.

457,888

1,043

Atlantic

Union

Bankshares

Corporation

36,828

2,007

Axis

Capital

Holdings,

Ltd.

130,495

1,362

Axos

Financial,

Inc.

a

73,602

96,766

Bank

of

America

Corporation

3,669,367

405

Bank

of

Hawaii

Corporation

b

25,268

10,700

Bank

of

Marin

Bancorp

179,439

26,588

Bank

of

N.T.

Butterfield

&

Son,

Ltd.

850,550

39,016

Bank

of

New

York

Mellon

Corporation

2,248,102

5,052

Bank

OZK

229,664

5,609

BankFinancial

Corporation

58,895

858

BankUnited,

Inc.

24,024

11,944

Banner

Corporation

573,312

651

Bar

Harbor

Bankshares

17,238

1,804

BayCom

Corporation

37,180

10,552

BCB

Bancorp,

Inc.

110,268

18,988

Berkshire

Hathaway,

Inc.

a

7,984,834

22,841

Berkshire

Hills

Bancorp,

Inc.

523,516

3,276

BlackRock,

Inc.

2,731,201

7,218

Block,

Inc.

a

610,498

81,051

Blue

Owl

Capital,

Inc.

1,528,622

445

BOK

Financial

Corporation

40,940

62,194

Bridgewater

Bancshares,

Inc.

a

723,938

10,571

Brighthouse

Financial,

Inc.

a

544,829

11,615

BrightSpire

Capital,

Inc.

80,027

41,935

Brookline

Bancorp,

Inc.

417,673

26,308

Brown

&

Brown,

Inc.

2,303,002

10,125

Business

First

Bancshares,

Inc.

225,585

13,537

Byline

Bancorp,

Inc.

294,024

9,293

Cadence

Bank

269,497

939

Camden

National

Corporation

31,475

654

Capital

City

Bank

Group,

Inc.

18,116

5,251

Capital

One

Financial

Corporation

781,821

25,658

Capitol

Federal

Financial,

Inc.

152,922

47,163

Carlyle

Group,

Inc.

2,212,416

1,475

Cathay

General

Bancorp

55,799

10,646

Cboe

Global

Markets,

Inc.

1,955,990

34,870

Central

Pacific

Financial

Corporation

688,683

18,900

Charles

Schwab

Corporation

1,367,226

Shares

Common

Stock

(30.6%)

Value

Financials

(4.1%)

-

continued

20,143

Chubb,

Ltd.

$

5,219,656

6,622

Cincinnati

Financial

Corporation

822,254

11,467

Citigroup,

Inc.

725,173

2,676

Citizens

Financial

Group,

Inc.

97,112

866

CNA

Financial

Corporation

39,334

8,939

CNB

Financial

Corporation

182,266

1,098

Coinbase

Global,

Inc.

a

291,102

60,961

Columbia

Banking

System,

Inc.

1,179,595

20,725

Comerica,

Inc.

1,139,668

7,421

Commerce

Bancshares,

Inc.

394,797

1,250

Community

Bank

System,

Inc.

60,038

13,952

Community

Trust

Bancorp,

Inc.

595,053

967

Community

West

Bancshares

19,234

1,224

ConnectOne

Bancorp,

Inc.

23,868

1,783

Corpay,

Inc.

a

550,127

3,570

Cullen/Frost

Bankers,

Inc.

401,875

6,356

Customers

Bancorp,

Inc.

a

337,249

1,816

CVB

Financial

Corporation

32,397

13,363

Dime

Community

Bancshares,

Inc.

257,371

9,089

Discover

Financial

Services

1,191,477

11,341

Eagle

Bancorp,

Inc.

266,400

10,433

East

West

Bancorp,

Inc.

825,355

15,244

Ellington

Residential

Mortgage

REIT

105,336

4,368

Employers

Holdings,

Inc.

198,264

8,159

Enova

International,

Inc.

a

512,630

798

Enterprise

Bancorp,

Inc./MA

20,724

17,148

Enterprise

Financial

Services

Corporation

695,523

5,656

Equity

Bancshares,

Inc.

194,397

871

EVERTEC,

Inc.

34,753

98,149

F.N.B.

Corporation

1,383,901

18,097

FactSet

Research

Systems,

Inc.

8,223,096

50,733

Federated

Hermes,

Inc.

1,832,476

6,076

Fidelity

National

Information

Services,

Inc.

450,718

4,914

Fifth

Third

Bancorp

182,850

12,098

Financial

Institutions,

Inc.

227,684

4,113

First

Bancorp/Puerto

Rico

72,142

19,677

First

Bancshares,

Inc.

510,618

56

First

Citizens

BancShares,

Inc./NC

91,560

28,891

First

Commonwealth

Financial

Corporation

402,163

12,385

First

Financial

Bancorp

277,672

6,207

First

Financial

Bankshares,

Inc.

203,652

5,887

First

Financial

Corporation

225,649

2,278

First

Hawaiian,

Inc.

50,025

36,020

First

Horizon

Corporation

554,708

2,527

First

Internet

Bancorp

87,788

14,736

First

Interstate

BancSystem,

Inc.

400,967

4,803

First

Merchants

Corporation

167,625

7,587

First

Mid-Illinois

Bancshares,

Inc.

247,943

17,572

First

of

Long

Island

Corporation

194,873

13,382

Fiserv,

Inc.

a

2,138,711

799

Five

Star

Bancorp

17,978

16,061

Flushing

Financial

Corporation

202,529

6,877

Flywire

Corporation

a

170,618

24,205

Fulton

Financial

Corporation

384,617

69,446

Glacier

Bancorp,

Inc.

2,797,285

8,225

Global

Payments,

Inc.

1,099,354

6,732

Great

Southern

Bancorp,

Inc.

369,048

7,958

Green

Dot

Corporation

a

74,248

36,561

Hamilton

Lane,

Inc.

4,122,618

23,734

Hancock

Whitney

Corporation

1,092,713

50,067

Hanmi

Financial

Corporation

797,067

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

235

Shares

Common

Stock

(30.6%)

Value

Financials

(4.1%)

-

continued

6,162

Hanover

Insurance

Group,

Inc.

$

839,080

6,527

Hartford

Financial

Services

Group,

Inc.

672,607

49,457

Heartland

Financial

USA,

Inc.

1,738,414

32,295

Heritage

Commerce

Corporation

277,091

22,884

Heritage

Financial

Corporation

443,721

9,179

Home

BancShares,

Inc.

225,528

14,081

Hometrust

Bancshares,

Inc.

384,975

21,955

Hope

Bancorp,

Inc.

252,702

1,266

Horace

Mann

Educators

Corporation

46,829

19,851

Horizon

Bancorp,

Inc.

254,688

65,470

Houlihan

Lokey,

Inc.

8,392,599

9,172

Huntington

Bancshares,

Inc./OH

127,949

13,419

Independent

Bank

Corporation

698,056

13,410

Independent

Bank

Corporation/MI

339,944

101,168

Intercontinental

Exchange,

Inc.

13,903,518

1,580

International

Bancshares

Corporation

88,701

16,147

Invesco

Mortgage

Capital,

Inc.

156,303

93,782

Invesco,

Ltd.

1,555,843

78,894

J.P.

Morgan

Chase

&

Company

15,802,468

12,902

Jack

Henry

&

Associates,

Inc.

2,241,464

43,125

Janus

Henderson

Group

plc

1,418,381

17,576

Kearny

Financial

Corporation/MD

113,189

237,089

KeyCorp

3,748,377

16,817

Kinsale

Capital

Group,

Inc.

8,824,553

3,802

KKR

&

Company,

Inc.

382,405

10,953

Lazard,

Inc.

458,602

2,873

LendingTree,

Inc.

a

121,643

1,166

M&T

Bank

Corporation

169,583

2,072

MarketAxess

Holdings,

Inc.

454,286

23,955

Marsh

&

McLennan

Companies,

Inc.

4,934,251

11,753

Mastercard,

Inc.

5,659,892

7,011

Mercantile

Bank

Corporation

269,853

12,312

MetLife,

Inc.

912,442

2,571

Metropolitan

Bank

Holding

Corporation

a

98,984

39,168

MFA

Financial,

Inc.

446,907

170,886

MGIC

Investment

Corporation

3,821,011

2,106

Mid

Penn

Bancorp,

Inc.

42,141

12,173

Midland

States

Bancorp,

Inc.

305,907

22,469

MidWestOne

Financial

Group,

Inc.

526,673

3,877

Moody's

Corporation

1,523,777

6,349

Morgan

Stanley

597,822

18,145

Mr.

Cooper

Group,

Inc.

a

1,414,403

17,363

MSCI,

Inc.

9,731,093

870

MVB

Financial

Corporation

19,410

101,428

Nasdaq,

Inc.

6,400,107

12,630

National

Bank

Holdings

Corporation

455,564

13,547

Navient

Corporation

235,718

4,648

NCR

Atleos

Corporation

a

91,798

48,643

New

York

Community

Bancorp,

Inc.

b

156,630

58,114

NMI

Holdings,

Inc.

a

1,879,407

23,602

Northern

Trust

Corporation

2,098,690

656

Northfield

Bancorp,

Inc.

6,376

664

Northrim

BanCorp,

Inc.

33,539

14,482

Northwest

Bancshares,

Inc.

168,715

50,665

NU

Holdings,

Ltd./Cayman

Islands

a

604,433

39,731

OceanFirst

Financial

Corporation

651,986

13,497

OFG

Bancorp

496,825

13,989

Old

National

Bancorp

243,548

Shares

Common

Stock

(30.6%)

Value

Financials

(4.1%)

-

continued

11,743

Old

Republic

International

Corporation

$

360,745

17,686

Old

Second

Bancorp,

Inc.

244,774

34,934

OneMain

Holdings,

Inc.

1,784,778

16,729

Pacific

Premier

Bancorp,

Inc.

401,496

4,113

Pathward

Financial,

Inc.

207,624

135,314

PayPal

Holdings,

Inc.

a

9,064,685

3,508

PCB

Bancorp

57,286

2,807

PennyMac

Financial

Services,

Inc.

255,690

9,990

Peoples

Bancorp,

Inc./OH

295,804

4,285

Pinnacle

Financial

Partners,

Inc.

367,996

981

PNC

Financial

Services

Group,

Inc.

158,530

4,161

Popular,

Inc.

366,542

12,280

Premier

Financial

Corporation

249,284

1,064

PROG

Holdings,

Inc.

36,644

19,967

Prosperity

Bancshares,

Inc.

1,313,429

19,168

Provident

Financial

Services,

Inc.

279,278

3,644

Prudential

Financial,

Inc.

427,806

28,623

Radian

Group,

Inc.

958,012

69,466

Raymond

James

Financial,

Inc.

8,920,824

5,773

Regions

Financial

Corporation

121,464

75,607

Rithm

Capital

Corporation

843,774

34,348

RLI

Corporation

5,099,648

8,928

S&T

Bancorp,

Inc.

286,410

12,714

Sandy

Spring

Bancorp,

Inc.

294,711

80,273

SEI

Investments

Company

5,771,629

1,645

ServisFirst

Bancshares,

Inc.

109,162

9,783

Shore

Bancshares,

Inc.

112,505

1,175

Simmons

First

National

Corporation

22,866

1,628

SmartFinancial,

Inc.

34,302

925

Southern

First

Bancshares,

Inc.

a

29,378

531

Southern

Missouri

Bancorp,

Inc.

23,210

4,461

SouthState

Corporation

379,319

6,317

State

Street

Corporation

488,430

10,745

Stellar

Bancorp,

Inc.

261,748

5,838

StepStone

Group,

Inc.

208,650

664

Synchrony

Financial

28,632

8,041

Synovus

Financial

Corporation

322,122

275

T.

Rowe

Price

Group,

Inc.

33,528

5,535

Territorial

Bancorp,

Inc.

44,612

8,333

TPG,

Inc.

372,485

33,921

Tradeweb

Markets,

Inc.

3,533,551

7,460

TriCo

Bancshares

274,379

66,371

Triumph

Financial,

Inc.

a

5,264,548

1,213

Truist

Financial

Corporation

47,283

9,012

TrustCo

Bank

Corporation

NY

253,778

23,988

Two

Harbors

Investment

Corporation

317,601

4,797

U.S.

Bancorp

214,426

1,617

UMB

Financial

Corporation

140,663

6,087

United

Bankshares,

Inc.

217,854

4,037

United

Community

Banks,

Inc.

106,254

11,664

Univest

Financial

Corporation

242,844

3,329

Unum

Group

178,634

61,341

Valley

National

Bancorp

488,274

13,898

Veritex

Holdings,

Inc.

284,770

33,308

Virtu

Financial,

Inc.

683,480

8,693

Visa,

Inc.

2,426,042

6,096

Voya

Financial,

Inc.

450,616

13,264

WaFd,

Inc.

385,054

2,146

Walker

&

Dunlop,

Inc.

216,875

11,638

Webster

Financial

Corporation

590,861

67,062

Wells

Fargo

&

Company

3,886,914

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

236

Shares

Common

Stock

(30.6%)

Value

Financials

(4.1%)

-

continued

10,206

Westamerica

Bancorporation

$

498,869

70,413

Western

Alliance

Bancorp

4,519,810

74,993

Western

Union

Company

1,048,402

313

Willis

Towers

Watson

plc

86,075

3,397

Wintrust

Financial

Corporation

354,613

968

WSFS

Financial

Corporation

43,696

3,398

XP,

Inc.

87,193

23,524

Zions

Bancorp

NA

1,020,942

Total

283,237,981

Health

Care

(3.6%)

53,125

Abbott

Laboratories

6,038,187

19,142

AbbVie,

Inc.

3,485,758

16,312

ACADIA

Pharmaceuticals,

Inc.

a

301,609

53,245

Agilent

Technologies,

Inc.

7,747,680

5,125

Agios

Pharmaceuticals,

Inc.

a

149,855

3,531

Aldeyra

Therapeutics,

Inc.

a

11,546

8,055

Align

Technology,

Inc.

a

2,641,396

12,578

Alkermes

plc

a

340,486

33,672

Amgen,

Inc.

9,573,623

12,963

Amicus

Therapeutics,

Inc.

a

152,704

19,733

Amneal

Pharmaceuticals,

Inc.

a

119,582

5,653

Anika

Therapeutics,

Inc.

a

143,586

10,387

Arcellx,

Inc.

a

722,416

6,668

Argenx

SE

ADR

a

2,625,325

18,229

Ascendis

Pharma

AS

ADR

a

2,755,678

14,881

AstraZeneca

plc

ADR

1,008,188

105,943

Avantor,

Inc.

a

2,708,962

17,541

Azenta,

Inc.

a

1,057,371

2,969

Biogen,

Inc.

a

640,205

331

BioMarin

Pharmaceutical,

Inc.

a

28,910

424

Bio-Rad

Laboratories,

Inc.

a

146,649

48,826

Bio-Techne

Corporation

3,436,862

13,383

Bruker

Corporation

1,257,199

16,928

CareDx,

Inc.

a

179,268

1,877

Centene

Corporation

a

147,307

13,468

Certara,

Inc.

a

240,808

6,506

Charles

River

Laboratories

International,

Inc.

a

1,762,801

3,899

Chemed

Corporation

2,502,885

2,857

Cigna

Group

1,037,634

2,298

Codexis,

Inc.

a

8,020

4,776

Cooper

Companies,

Inc.

484,573

60,134

Danaher

Corporation

15,016,662

14,441

Deciphera

Pharmaceuticals,

Inc.

a

227,157

21,530

Definitive

Healthcare

Corporation

a

173,747

12,943

Denali

Therapeutics,

Inc.

a

265,590

58,934

Dentsply

Sirona,

Inc.

1,956,019

25,481

Dexcom,

Inc.

a

3,534,215

8,228

Dynavax

Technologies

Corporation

a

102,109

21,035

Edwards

Lifesciences

Corporation

a

2,010,105

122,238

Elanco

Animal

Health,

Inc.

a

1,990,035

3,264

Elevance

Health,

Inc.

1,692,515

16,858

Eli

Lilly

&

Company

13,114,850

1,728

Enanta

Pharmaceuticals,

Inc.

a

30,171

86,151

Enovis

Corporation

a

5,380,130

26,267

Exelixis,

Inc.

a

623,316

8,516

Gilead

Sciences,

Inc.

623,797

64,116

Globus

Medical,

Inc.

a

3,439,182

28,492

GoodRx

Holdings,

Inc.

a

202,293

65,113

Halozyme

Therapeutics,

Inc.

a

2,648,797

8,720

ICON

plc

a

2,929,484

196

IDEXX

Laboratories,

Inc.

a

105,826

2,551

Illumina,

Inc.

a

350,303

Shares

Common

Stock

(30.6%)

Value

Health

Care

(3.6%)

-

continued

34,139

Immunocore

Holdings

plc

ADR

a

$

2,219,035

2,668

Incyte

Corporation

a

151,996

16,768

Inspire

Medical

Systems,

Inc.

a

3,601,599

30,353

Intuitive

Surgical,

Inc.

a

12,113,579

1,447

IQVIA

Holding,

Inc.

a

365,932

2,892

Jazz

Pharmaceuticals,

Inc.

a

348,255

21,201

Johnson

&

Johnson

3,353,786

3,982

Kodiak

Sciences,

Inc.

a

20,945

40,387

Laboratory

Corporation

of

America

Holdings

8,822,944

27,415

Lantheus

Holdings,

Inc.

a

1,706,310

18,280

Legend

Biotech

Corporation

ADR

a

1,025,325

242

Ligand

Pharmaceuticals,

Inc.

a

17,690

3,501

LivaNova

plc

a

195,846

7,936

Masimo

Corporation

a

1,165,402

112

Medpace

Holdings,

Inc.

a

45,265

131,694

Medtronic

plc

11,477,132

28,877

Merck

&

Company,

Inc.

3,810,320

20,477

Molina

Healthcare,

Inc.

a

8,412,566

7,884

Myriad

Genetics,

Inc.

a

168,087

27,972

Natera,

Inc.

a

2,558,319

1,032

National

HealthCare

Corporation

97,534

32,991

Neogen

Corporation

a

520,598

107,570

Novo

Nordisk

AS

ADR

13,811,988

23,265

Nuvation

Bio,

Inc.

a

84,685

165,706

Option

Care

Health,

Inc.

a

5,557,779

8,558

Organon

&

Company

160,890

5,299

Pacira

Pharmaceuticals,

Inc.

a

154,837

143,247

Paragon

28,

Inc.

a

1,769,100

120,211

Progyny,

Inc.

a

4,586,050

9,881

Prothena

Corporation

plc

a

244,752

6,756

PTC

Therapeutics,

Inc.

a

196,532

2,829

QIAGEN

NV

121,619

5,697

QuidelOrtho

Corporation

a

273,114

12,928

Recursion

Pharmaceuticals,

Inc.

a

128,892

24,838

Repligen

Corporation

a

4,568,205

15,633

Rocket

Pharmaceuticals,

Inc.

a

421,153

3,110

Royalty

Pharma

plc

94,451

9,706

Sarepta

Therapeutics,

Inc.

a

1,256,539

174,940

scPharmaceuticals,

Inc.

a

878,199

7,106

Sensus

Healthcare,

Inc.

a

27,003

16,281

Shockwave

Medical,

Inc.

a

5,301,582

3,983

Stryker

Corporation

1,425,396

2,444

Teleflex,

Inc.

552,759

7,675

TG

Therapeutics,

Inc.

a

116,737

15,388

Thermo

Fisher

Scientific,

Inc.

8,943,659

5,745

UnitedHealth

Group,

Inc.

2,842,051

5,991

Vanda

Pharmaceuticals,

Inc.

a

24,623

17,482

Veeva

Systems,

Inc.

a

4,050,405

22,103

Veracyte,

Inc.

a

489,802

69,183

Vericel

Corporation

a

3,598,900

11,657

Vertex

Pharmaceuticals,

Inc.

a

4,872,743

77,832

Viemed

Healthcare,

Inc.

a

733,956

1,848

West

Pharmaceutical

Services,

Inc.

731,272

5,742

Zentalis

Pharmaceuticals,

Inc.

a

90,494

12,808

Zimmer

Biomet

Holdings,

Inc.

1,690,400

59,389

Zoetis,

Inc.

10,049,213

Total

251,921,621

Industrials

(4.0%)

9,207

A.O.

Smith

Corporation

823,658

1,150

Acuity

Brands,

Inc.

309,039

22,873

Advanced

Drainage

Systems,

Inc.

3,939,646

20,223

AECOM

1,983,472

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

237

Shares

Common

Stock

(30.6%)

Value

Industrials

(4.0%)

-

continued

5,695

AGCO

Corporation

$

700,599

43,560

Air

Lease

Corporation

2,240,726

18,525

Alight,

Inc.

a

182,471

7,212

Allison

Transmission

Holdings,

Inc.

585,326

29,468

AMETEK,

Inc.

5,389,697

19,078

Armstrong

World

Industries,

Inc.

2,369,869

62,995

ASGN,

Inc.

a

6,599,356

3,055

Atmus

Filtration

Technologies,

Inc.

a

98,524

18,877

Automatic

Data

Processing,

Inc.

4,714,342

265

Axon

Enterprise,

Inc.

a

82,913

3,573

AZEK

Company,

Inc.

a

179,436

5,131

AZZ,

Inc.

396,678

164,030

Badger

Infrastructure

Solutions,

Ltd.

6,078,997

30,443

Beacon

Roofing

Supply,

Inc.

a

2,984,023

290

Brady

Corporation

17,191

3,821

BWX

Technologies,

Inc.

392,111

9,750

Carlisle

Companies,

Inc.

3,820,538

31,282

Casella

Waste

Systems,

Inc.

a

3,092,851

26,017

Caterpillar,

Inc.

9,533,409

9,022

Cimpress

plc

a

798,537

67,291

CNH

Industrial

NV

872,091

553

Columbus

McKinnon

Corporation

24,680

4,215

CSW

Industrials,

Inc.

988,839

220,294

CSX

Corporation

8,166,299

3,385

Cummins,

Inc.

997,390

15,190

Curtiss-Wright

Corporation

3,887,729

19,520

Delta

Air

Lines,

Inc.

934,422

9,598

Donaldson

Company,

Inc.

716,779

51

Dover

Corporation

9,037

9,882

EMCOR

Group,

Inc.

3,460,676

386

Equifax,

Inc.

103,263

380

ESCO

Technologies,

Inc.

40,679

242,488

ExlService

Holdings,

Inc.

a

7,711,118

3,805

Expeditors

International

of

Washington,

Inc.

462,574

220,343

Fastenal

Company

16,997,259

24,823

Ferguson

plc

5,422,088

74,012

Flowserve

Corporation

3,380,868

82,154

Fluor

Corporation

a

3,473,471

14,463

Gates

Industrial

Corporation

plc

a

256,140

4,613

General

Dynamics

Corporation

1,303,126

4,790

Gibraltar

Industries,

Inc.

a

385,739

239

GMS,

Inc.

a

23,264

1,126

Gorman-Rupp

Company

44,533

14,866

Graco,

Inc.

1,389,376

24,085

Greenbrier

Companies,

Inc.

1,254,829

2,633

Griffon

Corporation

193,104

76,275

Helios

Technologies,

Inc.

3,408,730

3,039

Herc

Holdings,

Inc.

511,464

15,426

Hillman

Solutions

Corporation

a

164,133

5,387

Honeywell

International,

Inc.

1,105,682

166,312

Howmet

Aerospace,

Inc.

11,380,730

2,272

Huntington

Ingalls

Industries,

Inc.

662,220

13,939

IDEX

Corporation

3,401,395

51,502

Ingersoll

Rand,

Inc.

4,890,115

7,190

Interface,

Inc.

120,936

4,031

ITT

Corporation

548,337

336,535

Janus

International

Group,

Inc.

a

5,091,775

4,160

JB

Hunt

Transport

Services,

Inc.

828,880

547

Johnson

Controls

International

plc

35,730

12,409

Kennametal,

Inc.

309,480

14,337

Kratos

Defense

&

Security

Solutions,

Inc.

a

263,514

4,386

L3Harris

Technologies,

Inc.

934,657

Shares

Common

Stock

(30.6%)

Value

Industrials

(4.0%)

-

continued

57,833

Legalzoom.com,

Inc.

a

$

771,492

2,104

Leidos

Holdings,

Inc.

275,813

21,028

Lincoln

Electric

Holdings,

Inc.

5,371,392

19,280

Lyft,

Inc.

a

373,068

11,994

ManpowerGroup,

Inc.

931,214

30,260

Masco

Corporation

2,386,909

75,122

Masterbrand,

Inc.

a

1,407,786

4,829

Matson,

Inc.

542,780

17,658

Maximus,

Inc.

1,481,506

25,549

Middleby

Corporation

a

4,108,024

24,585

Miller

Industries,

Inc.

1,231,709

7,052

Moog,

Inc.

1,125,852

7,096

MSC

Industrial

Direct

Company,

Inc.

688,596

18,013

Mueller

Water

Products,

Inc.

289,829

1,727

MYR

Group,

Inc.

a

305,247

542

National

Presto

Industries,

Inc.

45,420

5,340

NEXTracker,

Inc.

a

300,482

18,050

Northrop

Grumman

Corporation

8,639,813

55,808

nVent

Electric

plc

4,207,923

13,328

Old

Dominion

Freight

Line,

Inc.

2,922,964

22,249

Oshkosh

Corporation

2,774,673

2,921

Otis

Worldwide

Corporation

289,968

35,280

Owens

Corning,

Inc.

5,884,704

13,362

PACCAR,

Inc.

1,655,418

1,580

Parker-Hannifin

Corporation

878,148

2,388

Paycom

Software,

Inc.

475,236

1,919

Paylocity

Holding

Corporation

a

329,799

51,236

Pentair

plc

4,377,604

615

Quanta

Services,

Inc.

159,777

20,744

Regal

Rexnord

Corporation

3,735,994

1,511

Republic

Services,

Inc.

289,266

7,375

Resideo

Technologies,

Inc.

a

165,348

6,209

Rockwell

Automation,

Inc.

1,808,868

5,289

Rush

Enterprises,

Inc.

283,067

9,682

Saia,

Inc.

a

5,663,970

93,114

Schneider

National,

Inc.

2,108,101

23,167

Sensata

Technologies

Holding

plc

851,156

19,219

Simpson

Manufacturing

Company,

Inc.

3,943,354

17,715

SiteOne

Landscape

Supply,

Inc.

a

3,092,153

16,949

SkyWest,

Inc.

a

1,170,837

724

Snap-On,

Inc.

214,463

4,174

Southwest

Airlines

Company

121,839

3,397

SS&C

Technologies

Holdings,

Inc.

218,665

6,043

Standex

International

Corporation

1,101,155

2,073

Sterling

Construction

Company,

Inc.

a

228,673

15,496

Tennant

Company

1,884,469

10,985

Terex

Corporation

707,434

5,594

Textron,

Inc.

536,632

1,109

Thermon

Group

Holdings,

Inc.

a

36,286

35,979

Timken

Company

3,145,644

2,000

Titan

Machinery,

Inc.

a

49,620

21,489

Trane

Technologies

plc

6,450,998

32,126

TransUnion

2,563,655

3,328

Trex

Company,

Inc.

a

331,968

189,653

Uber

Technologies,

Inc.

a

14,601,384

220

UniFirst

Corporation/MA

38,155

60,023

United

Parcel

Service,

Inc.

8,921,218

797

United

Rentals,

Inc.

574,725

23,624

Upwork,

Inc.

a

289,630

267

Valmont

Industries,

Inc.

60,951

14,218

Verra

Mobility

Corporation

a

355,023

3,965

Vertiv

Holdings

Company

323,822

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

238

Shares

Common

Stock

(30.6%)

Value

Industrials

(4.0%)

-

continued

4,524

Watsco,

Inc.

$

1,954,232

33,627

WillScot

Mobile

Mini

Holdings

Corporation

a

1,563,656

Total

277,090,117

Information

Technology

(8.8%)

3,658

Accenture

plc

1,267,899

33,956

Adobe,

Inc.

a

17,134,198

106,958

Advanced

Micro

Devices,

Inc.

a

19,304,849

28,561

Agilysys,

Inc.

a

2,406,550

6,511

Ambarella,

Inc.

a

330,563

64,037

Amphenol

Corporation

7,386,668

411,759

Apple,

Inc.

70,608,433

65,768

Applied

Materials,

Inc.

13,563,335

5,965

AppLovin

Corporation

a

412,897

13,826

Arista

Networks,

Inc.

a

4,009,263

14,320

Autodesk,

Inc.

a

3,729,214

3,929

Broadcom,

Inc.

5,207,536

44,048

CDW

Corporation

11,266,597

49,704

Ciena

Corporation

a

2,457,863

106,255

Cisco

Systems,

Inc.

5,303,187

13,466

Clearwater

Analytics

Holdings,

Inc.

a

238,213

266

Cognizant

Technology

Solutions

Corporation

19,495

4,182

Coherent

Corporation

a

253,513

28,986

Cohu,

Inc.

a

966,103

26,141

CommScope

Holding

Company,

Inc.

a

34,245

2,060

CommVault

Systems,

Inc.

a

208,946

4,475

Crane

NXT

Company

277,002

7,839

Credo

Technology

Group

Holding,

Ltd.

a

166,108

16,224

CyberArk

Software,

Ltd.

a

4,309,581

3,386

Datadog,

Inc.

a

418,510

39,179

Descartes

Systems

Group,

Inc.

a

3,586,054

162

DocuSign,

Inc.

a

9,647

16,228

Dolby

Laboratories,

Inc.

1,359,420

38,599

Dropbox,

Inc.

a

937,956

43,774

Dynatrace

Holdings,

LLC

a

2,032,865

1,766

Elastic

NV

a

177,024

7,519

Enphase

Energy,

Inc.

a

909,649

1,587

EPAM

Systems,

Inc.

a

438,266

1,230

F5,

Inc.

a

233,196

25,090

Fabrinet

a

4,742,512

121

First

Solar,

Inc.

a

20,425

85,383

Flex,

Ltd.

a

2,442,808

6,537

FormFactor,

Inc.

a

298,283

124,609

Fortinet,

Inc.

a

8,512,041

30

Gartner,

Inc.

a

14,300

63,849

Gilat

Satellite

Networks,

Ltd.

a

346,700

43,766

Gitlab,

Inc.

a

2,552,433

9,628

Globant

SA

a

1,943,893

150,611

Grid

Dynamics

Holdings,

Inc.

a

1,851,009

73,165

Guidewire

Software,

Inc.

a

8,539,087

30,192

Hackett

Group,

Inc.

733,666

4,153

Hewlett

Packard

Enterprise

Company

73,633

251

HP,

Inc.

7,585

5,533

HubSpot,

Inc.

a

3,466,756

3,442

Insight

Enterprises,

Inc.

a

638,560

3,092

International

Business

Machines

Corporation

590,448

4,400

IPG

Photonics

Corporation

a

399,036

5,149

Itron,

Inc.

a

476,385

Shares

Common

Stock

(30.6%)

Value

Information

Technology

(8.8%)

-

continued

160,294

JFrog,

Ltd.

a

$

7,088,201

4,928

Keysight

Technologies,

Inc.

a

770,641

5,035

KLA

Corporation

3,517,300

68,674

Knowles

Corporation

a

1,105,651

9,151

Kyndryl

Holdings,

Inc.

a

199,126

4,503

Lam

Research

Corporation

4,374,980

89,080

Lattice

Semiconductor

Corporation

a

6,968,728

17,634

Littelfuse,

Inc.

4,273,600

9,385

LiveRamp

Holding,

Inc.

a

323,782

9,434

Marvell

Technology,

Inc.

668,682

804

Microchip

Technology,

Inc.

72,127

276,570

Microsoft

Corporation

116,358,530

4,843

MKS

Instruments,

Inc.

644,119

5,447

MongoDB,

Inc.

a

1,953,512

4,991

Monolithic

Power

Systems,

Inc.

3,381,003

2,899

Motorola

Solutions,

Inc.

1,029,087

14,047

NetApp,

Inc.

1,474,514

703

NICE,

Ltd.

ADR

a

183,216

22,638

Nova,

Ltd.

a

4,015,528

99,898

NVIDIA

Corporation

90,263,837

998

ON

Semiconductor

Corporation

a

73,403

24,331

Onto

Innovation,

Inc.

a

4,405,857

613

OSI

Systems,

Inc.

a

87,549

82,540

PagerDuty,

Inc.

a

1,872,007

10,774

Palo

Alto

Networks,

Inc.

a

3,061,217

56,975

PDF

Solutions,

Inc.

a

1,918,348

15,149

Plexus

Corporation

a

1,436,428

1,472

Procore

Technologies,

Inc.

a

120,954

19,033

PTC,

Inc.

a

3,596,095

14,213

Q2

Holdings,

Inc.

a

747,035

2,473

Qorvo,

Inc.

a

283,975

133,168

QUALCOMM,

Inc.

22,545,342

6,422

Rapid7,

Inc.

a

314,935

4,076

RingCentral,

Inc.

a

141,600

62,556

Salesforce,

Inc.

18,840,616

25,623

Samsung

Electronics

Company,

Ltd.

1,539,879

28,307

ServiceNow,

Inc.

a

21,581,257

95,307

Shopify,

Inc.

a

7,354,841

25,140

Silicon

Laboratories,

Inc.

a

3,613,121

4,596

Skyworks

Solutions,

Inc.

497,839

21,617

SolarWinds

Corporation

a

272,806

6,200

Sprinklr,

Inc.

a

76,074

88,246

Sprout

Social,

Inc.

a

5,269,169

17,592

SPS

Commerce,

Inc.

a

3,252,761

5,989

Synopsys,

Inc.

a

3,422,713

3,575

Taiwan

Semiconductor

Manufacturing

Company,

Ltd.

ADR

486,379

21,169

TE

Connectivity,

Ltd.

3,074,586

627

Teledyne

Technologies,

Inc.

a

269,184

5,199

Tenable

Holdings,

Inc.

a

256,987

5,606

Teradata

Corporation

a

216,784

155

Teradyne,

Inc.

17,489

37,522

Trimble,

Inc.

a

2,414,916

305,426

TTM

Technologies,

Inc.

a

4,779,917

24,805

Tyler

Technologies,

Inc.

a

10,542,373

21,624

Unisys

Corporation

a

106,174

10,597

Universal

Display

Corporation

1,785,065

12,206

Upland

Software,

Inc.

a

37,717

111,661

Varonis

Systems,

Inc.

a

5,267,049

18,792

VeriSign,

Inc.

a

3,561,272

26,492

Viavi

Solutions,

Inc.

a

240,812

28,400

Vishay

Intertechnology,

Inc.

644,112

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

239

Shares

Common

Stock

(30.6%)

Value

Information

Technology

(8.8%)

-

continued

31,400

Vontier

Corporation

$

1,424,304

44,571

Workiva,

Inc.

a

3,779,621

5,412

Xerox

Holdings

Corporation

96,875

Total

612,608,006

Materials

(0.8%)

849

Albemarle

Corporation

b

111,847

23,645

Alcoa

Corporation

798,965

2,283

AptarGroup,

Inc.

328,501

454

Avery

Dennison

Corporation

101,355

14,827

Avient

Corporation

643,492

29,054

Axalta

Coating

Systems,

Ltd.

a

999,167

2,990

Ball

Corporation

201,406

2,451

Berry

Plastics

Group,

Inc.

148,236

9,885

Carpenter

Technology

Corporation

705,987

11,333

Celanese

Corporation

1,947,689

11,548

CF

Industries

Holdings,

Inc.

960,909

36,550

Chemours

Company

959,803

23,677

Cleveland-Cliffs,

Inc.

a

538,415

9,299

Corteva,

Inc.

536,273

7,566

Eagle

Materials,

Inc.

2,056,060

8,357

Eastman

Chemical

Company

837,539

6,474

Greif,

Inc.

447,030

5,462

Huntsman

Corporation

142,176

30,334

Ingevity

Corporation

a

1,446,932

8,105

Innospec,

Inc.

1,045,059

85,043

Ivanhoe

Mines,

Ltd.

a

1,014,577

2,627

Kaiser

Aluminum

Corporation

234,749

18,952

Linde

plc

8,799,793

16,675

Louisiana-Pacific

Corporation

1,399,199

633

LyondellBasell

Industries

NV

64,743

5,734

Martin

Marietta

Materials,

Inc.

3,520,332

7,397

Metallus,

Inc.

a

164,583

638

Minerals

Technologies,

Inc.

48,029

32,100

Mosaic

Company

1,041,966

2,565

Myers

Industries,

Inc.

59,431

48,220

Nucor

Corporation

9,542,738

15,142

O-I

Glass,

Inc.

a

251,206

8,474

Orion

SA

199,308

1,717

PPG

Industries,

Inc.

248,793

547

Quaker

Chemical

Corporation

112,272

8,669

Radius

Recycling,

Inc.

183,176

194,307

Ranpak

Holdings

Corporation

a

1,529,196

775

Reliance,

Inc.

258,989

16,445

RPM

International,

Inc.

1,956,133

2,190

Ryerson

Holding

Corporation

73,365

3,207

Steel

Dynamics,

Inc.

475,374

66,477

Summit

Materials,

Inc.

a

2,962,880

19,864

SunCoke

Energy,

Inc.

223,867

2,729

TriMas

Corporation

72,946

34,508

Trinseo

plc

130,440

177,688

Tronox

Holdings

plc

3,082,887

5,249

United

States

Lime

&

Minerals,

Inc.

1,564,937

21,347

United

States

Steel

Corporation

870,531

3,415

Vulcan

Materials

Company

932,022

Total

55,975,303

Real

Estate

(1.0%)

96,727

Agree

Realty

Corporation

5,525,046

972

Alexandria

Real

Estate

Equities,

Inc.

125,301

2,101

Anywhere

Real

Estate,

Inc.

a

12,984

18,416

AvalonBay

Communities,

Inc.

3,417,273

8,521

Brixmor

Property

Group,

Inc.

199,817

6,965

CareTrust

REIT,

Inc.

169,737

Shares

Common

Stock

(30.6%)

Value

Real

Estate

(1.0%)

-

continued

25,550

CBRE

Group,

Inc.

a

$

2,484,482

141

Chatham

Lodging

Trust

1,426

106,460

Compass,

Inc.

a

383,256

32,839

CoStar

Group,

Inc.

a

3,172,247

7,331

Crown

Castle,

Inc.

775,840

213,010

Cushman

and

Wakefield

plc

a

2,228,085

16,084

DigitalBridge

Group,

Inc.

309,939

20,409

Douglas

Elliman,

Inc.

a

32,246

10,261

EastGroup

Properties,

Inc.

1,844,620

13,211

Elme

Communities

183,897

32,097

EPR

Properties

1,362,518

124,185

Equity

Commonwealth

a

2,344,613

7,244

Equity

Residential

457,169

196,814

Essential

Properties

Realty

Trust,

Inc.

5,247,061

1,517

Essex

Property

Trust,

Inc.

371,377

440

Extra

Space

Storage,

Inc.

64,680

13,654

First

Industrial

Realty

Trust,

Inc.

717,381

13,711

FirstService

Corporation

2,273,284

1,129

Forestar

Group,

Inc.

a

45,375

63,757

Four

Corners

Property

Trust,

Inc.

1,560,134

25,198

Getty

Realty

Corporation

689,165

40,842

Healthcare

Realty

Trust,

Inc.

577,914

5,490

Howard

Hughes

Holdings,

Inc.

a

398,684

102,701

Independence

Realty

Trust,

Inc.

1,656,567

19,604

Industrial

Logistics

Properties

Trust

84,101

51,772

Invitation

Homes,

Inc.

1,843,601

25,936

Kennedy-Wilson

Holdings,

Inc.

222,531

98,960

LXP

Industrial

Trust

892,619

88,259

National

Storage

Affiliates

Trust

3,456,222

49,903

NetSTREIT

Corporation

916,718

29,335

NNN

REIT,

Inc.

1,253,778

28,355

Park

Hotels

&

Resorts,

Inc.

495,929

4,271

Peakstone

Realty

Trust

68,891

33,267

Pebblebrook

Hotel

Trust

512,644

88,365

Phillips

Edison

and

Company,

Inc.

3,169,653

4,219

Plymouth

Industrial

REIT,

Inc.

94,927

20,199

Retail

Opportunity

Investments

Corporation

258,951

7,390

Rexford

Industrial

Realty,

Inc.

371,717

26,263

RLJ

Lodging

Trust

310,429

3,087

RMR

Group,

Inc.

74,088

13,593

Sabra

Health

Care

REIT,

Inc.

200,769

43,921

SBA

Communications

Corporation

9,517,681

74,382

STAG

Industrial,

Inc.

2,859,244

24,116

Summit

Hotel

Properties,

Inc.

156,995

12,200

Tanger,

Inc.

360,266

63,824

Terreno

Realty

Corporation

4,237,914

47,975

UDR,

Inc.

1,794,745

5,018

Ventas,

Inc.

218,484

3,837

Welltower,

Inc.

358,529

4,540

Zillow

Group,

Inc.

a

217,284

9,148

Zillow

Group,

Inc.

Class

C

a

446,239

Total

73,027,067

Utilities

(0.4%)

9,671

ALLETE,

Inc.

576,779

2,256

Alliant

Energy

Corporation

113,702

2,289

American

States

Water

Company

165,357

16,289

American

Water

Works

Company,

Inc.

1,990,679

466

Artesian

Resources

Corporation

17,293

3,905

CenterPoint

Energy,

Inc.

111,254

40,498

Clearway

Energy,

Inc.,

Class

A

871,112

55,119

Clearway

Energy,

Inc.,

Class

C

1,270,493

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

240

Shares

Common

Stock

(30.6%)

Value

Utilities

(0.4%)

-

continued

6,179

Constellation

Energy

Corporation

$

1,142,188

9,724

Duke

Energy

Corporation

940,408

7,719

Entergy

Corporation

815,744

141,309

Evergy,

Inc.

7,543,074

15,000

Eversource

Energy

896,550

1,808

NextEra

Energy

Partners,

LP

54,385

4,297

NiSource,

Inc.

118,855

14,780

Northwestern

Energy

Group,

Inc.

752,745

5,684

OGE

Energy

Corporation

194,961

15,832

PNM

Resources,

Inc.

595,917

84,541

Portland

General

Electric

Company

3,550,722

11,826

Public

Service

Enterprise

Group,

Inc.

789,740

11,091

Spire,

Inc.

680,655

130,571

UGI

Corporation

3,204,212

93,987

Xcel

Energy,

Inc.

5,051,801

Total

31,448,626

Total

Common

Stock

(cost

$1,426,272,878)

2,139,934,300

Principal

Amount

Long-Term

Fixed

Income

(

9.6%

)

Value

Asset-Backed

Securities

(0.2%)

510

Asset

Backed

Trust

$

950,000

3.967%, 

5/25/2061,

Ser.

2021-NPL1,

Class

A2

c,d

876,980

720

East

CLO

I,

Ltd.

850,000

8.568%, 

(TSFR3M

+

3.250%),

1/20/2036,

Ser.

2022-1A,

Class

B

c,e

858,363

275,000

9.568%, 

(TSFR3M

+

4.250%),

1/20/2036,

Ser.

2022-1A,

Class

C

c,e

277,708

Access

Group,

Inc.

56,195

5.935%, 

(SOFR30A

+

0.614%),

2/25/2036,

Ser.

2013-1,

Class

A

c,e

55,504

AMSR

Trust

500,000

2.352%, 

6/17/2038,

Ser.

2021-SFR1,

Class

C

c

438,025

675,000

2.517%, 

12/17/2038,

Ser.

2021-SFR4,

Class

C

c

613,785

Ares

XL

CLO,

Ltd.

1,000,000

8.376%, 

(TSFR3M

+

3.062%),

1/15/2029,

Ser.

2016-40A,

Class

CRR

c,e

998,325

Avis

Budget

Rental

Car

Funding

AESOP,

LLC

225,000

5.360%, 

6/20/2030,

Ser.

2024-1A,

Class

A

c

226,114

CMFT

Net

Lease

Master

Issuer,

LLC

622,508

2.090%, 

7/20/2051,

Ser.

2021-1,

Class

A1

c

535,278

Commonbond

Student

Loan

Trust

54,463

5.944%, 

(TSFR1M

+

0.614%),

2/25/2044,

Ser.

2018-AGS,

Class

A2

c,e

53,488

Drive

Auto

Receivables

Trust

550,000

1.390%, 

3/15/2029,

Ser.

2021-2,

Class

D

526,512

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Asset-Backed

Securities

(0.2%)

-

continued

Dryden

36

Senior

Loan

Fund

$

850,000

7.626%, 

(TSFR3M

+

2.312%),

4/15/2029,

Ser.

2014-36A,

Class

CR3

c,e

$

849,952

Foundation

Finance

Trust

349,475

1.270%, 

5/15/2041,

Ser.

2021-1A,

Class

A

c

317,442

FRTKL

Trust

1,150,000

1.922%, 

9/17/2038,

Ser.

2021-SFR1,

Class

C

c

1,044,945

Goodgreen

610,069

3.860%, 

10/15/2054,

Ser.

2019-1A,

Class

A

c

547,687

Home

Partners

of

America

Trust

1,201,799

2.302%, 

12/17/2026,

Ser.

2021-2,

Class

B

c

1,097,621

978,740

2.078%, 

9/17/2041,

Ser.

2021-1,

Class

C

c

811,948

Laurel

Road

Prime

Student

Loan

Trust

218,010

5.920%, 

11/25/2043,

Ser.

2018-D,

Class

A

c,e

202,728

Longfellow

Place

CLO,

Ltd.

254,528

7.876%, 

(TSFR3M

+

2.562%),

4/15/2029,

Ser.

2013-1A,

Class

CR3

c,e

254,494

National

Collegiate

Trust

234,554

5.739%, 

(LIBOR

1M

+

0.295%),

5/25/2031,

Ser.

2007-A,

Class

A

c,e

228,601

Pretium

Mortgage

Credit

Partners,

LLC

408,745

5.240%, 

4/25/2052,

Ser.

2022-NPL2,

Class

A1

c,d

402,125

299,827

5.240%, 

9/27/2060,

Ser.

2021-NPL1,

Class

A1

c,d

295,177

Progress

Residential

Trust

450,000

3.350%, 

2/17/2041,

Ser.

2024-SFR1,

Class

A

c

414,462

Renaissance

Home

Equity

Loan

Trust

1,083,770

5.580%, 

11/25/2036,

Ser.

2006-3,

Class

AF2

d

360,109

Saxon

Asset

Securities

Trust

430,017

3.243%, 

8/25/2035,

Ser.

2004-2,

Class

MF2

e

359,580

VCAT

Asset

Securitization,

LLC

508,092

4.826%, 

12/26/2050,

Ser.

2021-NPL1,

Class

A2

c,d

507,104

Vericrest

Opportunity

Loan

Transferee

376,908

4.893%, 

2/27/2051,

Ser.

2021-NPL2,

Class

A1

c,d

365,762

451,856

4.949%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A2

c,d

402,385

270,576

5.116%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A1

c,d

263,251

375,000

5.438%, 

12/26/2051,

Ser.

2021-NP12,

Class

A2

c,d

317,560

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

241

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Asset-Backed

Securities

(0.2%)

-

continued

Wind

River

CLO,

Ltd.

$

625,000

7.579%, 

(TSFR3M

+

2.262%),

7/20/2030,

Ser.

2013-1A,

Class

BRR

c,e

$

624,990

Total

15,128,005

Basic

Materials

(0.1%)

Anglo

American

Capital

plc

275,000

3.875%, 

3/16/2029

c

257,272

ATI,

Inc.

120,000

7.250%, 

8/15/2030

124,035

Axalta

Coating

Systems

Dutch

Holding

B

BV

150,000

7.250%, 

2/15/2031

c

156,031

Baffinland

Iron

Mines

Corporation/

Baffinland

Iron

Mines,

LP

23,000

8.750%, 

7/15/2026

c

21,213

Cascades,

Inc./Cascades

USA,

Inc.

165,000

5.125%, 

1/15/2026

c

161,733

Chemours

Company

247,000

5.750%, 

11/15/2028

c

227,758

Cleveland-Cliffs,

Inc.

190,000

5.875%, 

6/1/2027

189,662

90,000

4.625%, 

3/1/2029

c

83,898

Consolidated

Energy

Finance

SA

338,000

5.625%, 

10/15/2028

c

283,663

EIDP,

Inc.

224,000

4.500%, 

5/15/2026

221,421

First

Quantum

Minerals,

Ltd.

314,000

6.875%, 

10/15/2027

c

301,052

FMC

Corporation

227,000

5.150%, 

5/18/2026

225,558

Glencore

Funding,

LLC

226,000

3.375%, 

9/23/2051

c

154,686

323,000

4.000%, 

3/27/2027

c

312,239

219,000

6.125%, 

10/6/2028

c

226,308

Hecla

Mining

Company

90,000

7.250%, 

2/15/2028

90,098

Hudbay

Minerals,

Inc.

202,000

4.500%, 

4/1/2026

c

195,665

Illuminate

Buyer,

LLC/Illuminate

Holdings

IV,

Inc.

152,000

9.000%, 

7/1/2028

c

149,948

Innophos

Holdings,

Inc.

57,000

9.375%, 

2/15/2028

c

47,542

International

Flavors

&

Fragrances,

Inc.

269,000

1.230%, 

10/1/2025

c

251,784

Mercer

International,

Inc.

68,000

5.125%, 

2/1/2029

59,770

Methanex

Corporation

88,000

4.250%, 

12/1/2024

87,238

Mineral

Resources,

Ltd.

36,000

9.250%, 

10/1/2028

c

37,915

Mosaic

Company

198,000

5.375%, 

11/15/2028

200,379

Newmont

Corporation/Newcrest

Finance,

Pty.

Ltd.

79,000

5.350%, 

3/15/2034

c

79,504

Novelis

Corporation

85,000

3.250%, 

11/15/2026

c

79,201

100,000

4.750%, 

1/30/2030

c

92,262

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Basic

Materials

(0.1%)

-

continued

$

85,000

3.875%, 

8/15/2031

c

$

73,015

Nutrien,

Ltd.

112,000

4.900%, 

3/27/2028

111,407

OCI

NV

115,000

4.625%, 

10/15/2025

c

112,331

Olin

Corporation

245,000

5.125%, 

9/15/2027

239,334

SCIL

IV,

LLC/SCIL

USA

Holdings,

LLC

118,000

5.375%, 

11/1/2026

c

114,523

Smurfit

Kappa

Treasury,

ULC

223,000

5.777%, 

4/3/2054

c,f

225,564

SNF

Group

SACA

166,000

3.375%, 

3/15/2030

c

143,692

SunCoke

Energy,

Inc.

180,000

4.875%, 

6/30/2029

c

162,973

Taseko

Mines,

Ltd.

207,000

7.000%, 

2/15/2026

b,c

207,847

Tronox,

Inc.

58,000

4.625%, 

3/15/2029

c

52,022

Unifrax

Escrow

Issuer

Corporation

147,000

5.250%, 

9/30/2028

c

94,797

United

States

Steel

Corporation

190,000

6.875%, 

3/1/2029

191,823

Total

6,047,163

Capital

Goods

(0.2%)

AAR

Escrow

Issuer,

LLC

140,000

6.750%, 

3/15/2029

c

141,077

Advanced

Drainage

Systems,

Inc.

157,000

6.375%, 

6/15/2030

c

157,812

AECOM

116,000

5.125%, 

3/15/2027

113,953

Amsted

Industries,

Inc.

145,000

5.625%, 

7/1/2027

c

142,822

ARD

Finance

SA

56,000

6.500%, 

6/30/2027

c

18,740

Ardagh

Packaging

Finance

plc/

Ardagh

Holdings

USA,

Inc.

150,000

5.250%, 

8/15/2027

b,c

94,500

99,000

5.250%, 

8/15/2027

b,c

62,370

BAE

Systems

plc

200,000

5.500%, 

3/26/2054

c

201,897

200,000

5.250%, 

3/26/2031

c

200,820

Boeing

Company

505,000

5.930%, 

5/1/2060

473,455

234,000

5.040%, 

5/1/2027

229,587

538,000

5.705%, 

5/1/2040

514,942

Bombardier,

Inc.

184,000

7.875%, 

4/15/2027

c

184,129

145,000

6.000%, 

2/15/2028

c

142,633

Brand

Industrial

Services,

Inc.

132,000

10.375%, 

8/1/2030

c

142,912

Builders

FirstSource,

Inc.

140,000

5.000%, 

3/1/2030

c

133,586

Canpack

SA/Canpack

US,

LLC

236,000

3.875%, 

11/15/2029

c

208,849

Carrier

Global

Corporation

244,000

2.700%, 

2/15/2031

209,947

Chart

Industries,

Inc.

179,000

7.500%, 

1/1/2030

c

185,882

Clean

Harbors,

Inc.

237,000

6.375%, 

2/1/2031

c

238,741

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

242

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Capital

Goods

(0.2%)

-

continued

Clydesdale

Acquisition

Holdings,

Inc.

$

24,000

6.625%, 

4/15/2029

c

$

23,981

48,000

8.750%, 

4/15/2030

c

47,162

CNH

Industrial

NV

154,000

3.850%, 

11/15/2027

147,883

Cornerstone

Building

Brands,

Inc.

123,000

6.125%, 

1/15/2029

c

109,637

Covanta

Holding

Corporation

85,000

4.875%, 

12/1/2029

c

76,181

CP

Atlas

Buyer,

Inc.

195,000

7.000%, 

12/1/2028

b,c

183,009

Crown

Cork

&

Seal

Company,

Inc.

153,000

7.375%, 

12/15/2026

160,515

EMRLD

Borrower,

LP/Emerald

Co-

Issuer,

Inc.

180,000

6.625%, 

12/15/2030

c

181,727

GFL

Environmental,

Inc.

140,000

4.000%, 

8/1/2028

c

129,035

248,000

3.500%, 

9/1/2028

c

227,166

H&E

Equipment

Services,

Inc.

313,000

3.875%, 

12/15/2028

c

286,546

Herc

Holdings,

Inc.

148,000

5.500%, 

7/15/2027

c

145,364

Howmet

Aerospace,

Inc.

338,000

5.950%, 

2/1/2037

349,807

Ingersoll

Rand,

Inc.

55,000

5.700%, 

8/14/2033

56,421

Lockheed

Martin

Corporation

193,000

5.200%, 

2/15/2064

190,837

120,000

6.150%, 

9/1/2036

130,850

Mauser

Packaging

Solutions

Holding

Company

124,000

9.250%, 

4/15/2027

c

123,012

Miter

Brands

Acquisition

Holdco,

Inc./MIWD

Borrower,

LLC

35,000

6.750%, 

4/1/2032

c

35,120

MIWD

Holdco

II,

LLC

96,000

5.500%, 

2/1/2030

c

88,349

Mueller

Water

Products,

Inc.

101,000

4.000%, 

6/15/2029

c

91,610

Nesco

Holdings

II,

Inc.

190,000

5.500%, 

4/15/2029

c

179,759

New

Enterprise

Stone

and

Lime

Company,

Inc.

210,000

5.250%, 

7/15/2028

c

201,178

Nordson

Corporation

218,000

5.600%, 

9/15/2028

222,035

Northrop

Grumman

Corporation

470,000

3.850%, 

4/15/2045

378,222

OI

European

Group

BV

184,000

4.750%, 

2/15/2030

c

169,408

Owens-Brockway

Glass

Container,

Inc.

96,000

6.625%, 

5/13/2027

c

96,054

Pactiv

Evergreen

Group

130,000

4.375%, 

10/15/2028

c

121,273

PGT

Innovations,

Inc.

175,000

4.375%, 

10/1/2029

c

177,700

Regal

Rexnord

Corporation

281,000

6.050%, 

2/15/2026

c

282,451

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Capital

Goods

(0.2%)

-

continued

Roller

Bearing

Company

of

America,

Inc.

$

136,000

4.375%, 

10/15/2029

c

$

124,524

Rolls-Royce

plc

87,000

5.750%, 

10/15/2027

c

87,238

RTX

Corporation

68,000

6.400%, 

3/15/2054

76,932

179,000

4.125%, 

11/16/2028

173,144

375,000

4.450%, 

11/16/2038

337,766

Sealed

Air

Corporation

149,000

6.125%, 

2/1/2028

c

149,309

Smyrna

Ready

Mix

Concrete,

LLC

165,000

8.875%, 

11/15/2031

c

176,367

Spirit

AeroSystems,

Inc.

174,000

9.750%, 

11/15/2030

c

194,630

SRM

Escrow

Issuer,

LLC

103,000

6.000%, 

11/1/2028

c

100,668

Summit

Materials,

LLC/Summit

Materials

Finance

Corporation

47,000

7.250%, 

1/15/2031

c

48,851

Textron,

Inc.

320,000

3.375%, 

3/1/2028

299,596

Titan

Acquisition,

Ltd./Titan

Co-

Borrower,

LLC

95,000

7.750%, 

4/15/2026

b,c

94,887

Trane

Technologies

Financing,

Ltd.

162,000

3.500%, 

3/21/2026

156,714

TransDigm,

Inc.

308,000

5.500%, 

11/15/2027

301,456

200,000

7.125%, 

12/1/2031

c

206,112

163,000

6.625%, 

3/1/2032

c

164,677

Triumph

Group,

Inc.

159,000

9.000%, 

3/15/2028

c

167,623

Trivium

Packaging

Finance

87,000

5.500%, 

8/15/2026

c

85,780

75,000

8.500%, 

8/15/2027

c

74,064

United

Rentals

North

America,

Inc.

175,000

4.875%, 

1/15/2028

170,302

185,000

4.000%, 

7/15/2030

168,362

Veralto

Corporation

215,000

5.350%, 

9/18/2028

c

217,790

Waste

Management,

Inc.

219,000

4.875%, 

2/15/2034

217,502

Waste

Pro

USA,

Inc.

110,000

5.500%, 

2/15/2026

c

108,337

WESCO

Distribution,

Inc.

112,000

7.250%, 

6/15/2028

c

114,345

58,000

6.375%, 

3/15/2029

c

58,596

41,000

6.625%, 

3/15/2032

c

41,664

Total

12,528,182

Collateralized

Mortgage

Obligations

(0.4%)

Angel

Oak

Mortgage

Trust

569,704

5.985%, 

1/25/2069,

Ser.

2024-2,

Class

A1

c,d

567,699

Banc

of

America

Alternative

Loan

Trust

11,376

6.000%, 

11/25/2035,

Ser.

2005-10,

Class

3CB1

9,753

BINOM

Securitization

Trust

458,027

2.370%, 

6/25/2056,

Ser.

2021-INV1,

Class

A2

c,e

392,775

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

243

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Collateralized

Mortgage

Obligations

(0.4%)

-

continued

CHNGE

Mortgage

Trust

$

764,143

7.100%, 

7/25/2058,

Ser.

2023-3,

Class

A1

c,d

$

764,166

855,308

6.000%, 

10/25/2057,

Ser.

2022-4,

Class

A1

c,d

843,291

Citicorp

Mortgage

Securities,

Inc.

520,181

6.000%, 

7/25/2037,

Ser.

2007-6,

Class

1A4

457,076

Citigroup

Mortgage

Loan

Trust,

Inc.

1,867

6.524%, 

3/25/2037,

Ser.

2007-AR4,

Class

2A1A

e

1,838

COLT

Mortgage

Loan

Trust

899,207

1.726%, 

11/25/2066,

Ser.

2021-5,

Class

A1

c,e

768,241

Countrywide

Alternative

Loan

Trust

294,146

4.009%, 

10/25/2035,

Ser.

2005-43,

Class

4A1

e

237,598

573,414

7.000%, 

10/25/2037,

Ser.

2007-24,

Class

A10

206,262

Countrywide

Home

Loans,

Inc.

149,615

5.750%, 

4/25/2037,

Ser.

2007-3,

Class

A27

68,755

Credit

Suisse

Mortgage

Trust

500,000

3.346%, 

1/25/2067,

Ser.

2022-ATH1,

Class

A1B

c,e

432,048

875,000

4.000%, 

2/25/2067,

Ser.

2022-NQM2,

Class

A1B

c,e

780,641

407,128

6.567%, 

8/25/2067,

Ser.

2022-ATH3,

Class

A3

c,e

400,765

424,238

2.572%, 

11/25/2066,

Ser.

2022-NQM1,

Class

A2

c,e

357,013

Deutsche

Alt-A

Securities,

Inc.,

Mortgage

Loan

Trust

63,779

6.000%, 

4/25/2024,

Ser.

2006-AR5,

Class

23A

33,896

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

1,013,632

4.000%, 

1/25/2051,

Ser.

5249,

Class

LA

968,764

829,476

4.000%, 

9/25/2052,

Ser.

5256,

Class

A

783,327

275,452

3.000%, 

2/15/2033,

Ser.

4170,

Class

IG

g

21,423

599,384

3.000%, 

3/15/2033,

Ser.

4180,

Class

PI

g

56,738

1,146,046

4.500%, 

10/15/2033,

Ser.

2695,

Class

BH

1,128,260

1,000,000

2.500%, 

12/15/2048,

Ser.

5094,

Class

BC

783,485

Federal

National

Mortgage

Association

-

REMIC

1,245,414

4.500%, 

6/25/2052,

Ser.

2022-43,

Class

MA

1,217,120

741,741

4.000%, 

7/25/2052,

Ser.

2022-37,

Class

PE

707,795

1,215,674

Zero

Coupon, 

11/25/2053,

Ser.

2023-54,

Class

EO

962,337

544,082

3.000%, 

12/25/2027,

Ser.

2012-137,

Class

AI

g

17,549

1,982,018

5.250%, 

7/25/2039,

Ser.

2022-72,

Class

CB

1,963,048

1,141,460

4.500%, 

1/25/2046,

Ser.

2022-68,

Class

BA

1,113,509

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Collateralized

Mortgage

Obligations

(0.4%)

-

continued

Flagstar

Mortgage

Trust

$

529,003

2.500%, 

9/25/2041,

Ser.

2021-9INV,

Class

A1

c,e

$

462,739

GCAT

Trust

725,729

1.855%, 

8/25/2066,

Ser.

2021-NQM6,

Class

A1

c,e

637,501

GS

Mortgage-Backed

Securities

Trust

965,699

3.000%, 

6/25/2052,

Ser.

2022-GR1,

Class

A2

c,e

806,321

J.P.

Morgan

Mortgage

Trust

1,041,779

2.500%, 

2/25/2052,

Ser.

2021-INV7,

Class

A2A

c,e

834,644

712,092

2.774%, 

5/25/2052,

Ser.

2021-LTV2,

Class

A2

c,e

586,938

LHOME

Mortgage

Trust

69,883

3.090%, 

6/25/2026,

Ser.

2021-RTL2,

Class

A1

c

69,701

550,000

7.628%, 

11/25/2028,

Ser.

2023-RTL4,

Class

A1

c,d

556,612

Mello

Mortgage

Capital

Acceptance

1,038,880

2.500%, 

8/25/2051,

Ser.

2021-INV2,

Class

A3

c,e

832,321

Merrill

Lynch

Alternative

Note

Asset

Trust

145,937

6.000%, 

3/25/2037,

Ser.

2007-F1,

Class

2A1

53,445

New

Residential

Mortgage

Loan

Trust

2,033,042

2.500%, 

9/25/2051,

Ser.

2021-INV2,

Class

A2

c,e

1,628,817

NYMT

Loan

Trust

I

445,240

2.239%, 

5/25/2026,

Ser.

2021-BPL1,

Class

A1

c,d

438,729

OBX

Trust

525,000

3.688%, 

1/25/2062,

Ser.

2022-NQM3,

Class

A1B

c,e

459,043

Palisades

Mortgage

Loan

Trust

1,256,542

3.487%, 

6/25/2026,

Ser.

2021-RTL1,

Class

A1

c

1,256,542

Residential

Accredit

Loans,

Inc.

Trust

214,785

6.000%, 

8/25/2035,

Ser.

2005-QS10,

Class

2A

181,666

Residential

Funding

Mortgage

Security

I

Trust

55,661

6.000%, 

7/25/2037,

Ser.

2007-S7,

Class

A20

42,220

ROC

Securities

Trust

Series

1,080,084

3.487%, 

8/25/2026,

Ser.

2021-RTL1,

Class

A1

c,e

1,073,953

Saluda

Grade

Alternative

Mortgage

Trust

800,000

7.762%, 

4/25/2030,

Ser.

2024-RTL5,

Class

A1

c,d

800,557

Sequoia

Mortgage

Trust

155,168

3.626%, 

9/20/2046,

Ser.

2007-1,

Class

4A1

e

104,721

Toorak

Mortgage

Corporation,

Ltd.

454,168

3.240%, 

6/25/2024,

Ser.

2021-1,

Class

A1

c

449,366

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

244

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Collateralized

Mortgage

Obligations

(0.4%)

-

continued

TRK

Trust

$

727,282

1.966%, 

11/25/2056,

Ser.

2021-INV2,

Class

A1

c,e

$

623,141

Unlock

HEA

Trust

600,000

7.000%, 

4/25/2039,

Ser.

2024-1,

Class

A

c

586,500

Vericrest

Opportunity

Loan

Transferee

384,740

5.116%, 

3/27/2051,

Ser.

2021-NPL5,

Class

A1

c,d

376,417

Verus

Securitization

Trust

415,139

2.286%, 

11/25/2066,

Ser.

2021-8,

Class

A2

c,e

348,550

192,433

6.664%, 

12/25/2068,

Ser.

2023-8,

Class

A2

c,d

193,374

Total

29,448,990

Commercial

Mortgage-Backed

Securities

(0.3%)

BANK

2022-BNK39

16,421,096

0.423%, 

2/15/2055,

Ser.

2022-BNK39,

Class

XA

e,g

437,443

BBCMS

Mortgage

Trust

8,042,494

0.713%, 

2/15/2055,

Ser.

2022-C14,

Class

XA

e,g

315,323

6,977,308

1.151%, 

9/15/2055,

Ser.

2022-C17,

Class

XA

e,g

529,687

6,827,244

1.820%, 

10/15/2053,

Ser.

2020-C8,

Class

XA

e,g

566,203

Federal

Home

Loan

Mortgage

Corporation

Multifamily

Structured

Pass

Through

Certificates

2,750,000

3.000%, 

6/25/2032,

Ser.

K147,

Class

A2

e,h

2,440,041

1,750,000

3.500%, 

7/25/2032,

Ser.

K148,

Class

A2

e,h

1,610,529

3,100,000

3.530%, 

8/25/2032,

Ser.

K149,

Class

A2

h

2,855,836

500,000

3.710%, 

9/25/2032,

Ser.

K-150,

Class

A2

e,h

466,384

2,800,000

3.800%, 

10/25/2032,

Ser.

K-151,

Class

A2

e,h

2,627,626

1,750,000

3.820%, 

12/25/2032,

Ser.

K-153,

Class

A2

e,h

1,643,

900

2,200,000

4.500%, 

8/25/2033,

Ser.

K-160,

Class

A2

e,h

2,169,517

3,700,000

5.150%, 

12/25/2033,

Ser.

K-162,

Class

A2

h

3,830,131

Morgan

Stanley

Capital

I

Trust

7,097,968

1.830%, 

7/15/2053,

Ser.

2020-HR8,

Class

XA

e,g

622,686

SCOTT

Trust

1,150,000

5.910%, 

3/15/2040,

Ser.

2023-SFS,

Class

A

c

1,156,567

Total

21,271,873

Communications

Services

(0.3%)

Allen

Media,

LLC/Allen

Media

Co-

Issuer,

Inc.

146,000

10.500%, 

2/15/2028

c

67,672

Altice

Financing

SA

140,000

5.750%, 

8/15/2029

c

112,174

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Communications

Services

(0.3%)

-

continued

Altice

France

SA/France

$

110,000

8.125%, 

2/1/2027

c

$

85,982

94,000

5.125%, 

7/15/2029

c

63,547

227,000

5.500%, 

10/15/2029

c

154,072

AMC

Networks,

Inc.

99,000

4.750%, 

8/1/2025

b

98,875

29,000

10.250%, 

1/15/2029

c,f

29,211

American

Tower

Corporation

100,000

3.375%, 

10/15/2026

95,514

215,000

5.800%, 

11/15/2028

220,124

291,000

2.900%, 

1/15/2030

255,858

136,000

5.650%, 

3/15/2033

138,128

AT&T,

Inc.

337,000

3.650%, 

6/1/2051

247,404

451,000

3.500%, 

9/15/2053

318,191

222,000

2.300%, 

6/1/2027

204,631

246,000

4.350%, 

3/1/2029

b

239,663

227,000

5.400%, 

2/15/2034

229,978

459,000

4.900%, 

8/15/2037

435,522

Bell

Telephone

Company

of

Canada

292,000

5.550%, 

2/15/2054

291,510

CCO

Holdings,

LLC/CCO

Holdings

Capital

Corporation

133,000

5.500%, 

5/1/2026

c

130,970

220,000

5.125%, 

5/1/2027

c

209,610

116,000

5.000%, 

2/1/2028

c

107,985

18,000

6.375%, 

9/1/2029

c

17,076

103,000

4.250%, 

2/1/2031

c

84,115

445,000

4.750%, 

2/1/2032

c

363,175

155,000

4.250%, 

1/15/2034

c

117,002

Charter

Communications

Operating,

LLC/Charter

Communications

Operating

Capital

Corporation

149,000

6.150%, 

11/10/2026

150,167

335,000

4.200%, 

3/15/2028

315,747

650,000

3.500%, 

6/1/2041

436,459

Cimpress

plc

120,000

7.000%, 

6/15/2026

120,108

Clear

Channel

Outdoor

Holdings,

Inc.

211,000

7.500%, 

6/1/2029

c

174,506

Clear

Channel

Worldwide

Holdings,

Inc.

241,000

5.125%, 

8/15/2027

c

227,175

Comcast

Corporation

337,000

5.350%, 

5/15/2053

334,472

247,000

2.887%, 

11/1/2051

160,333

220,000

4.250%, 

10/15/2030

212,530

285,000

4.400%, 

8/15/2035

267,521

380,000

4.750%, 

3/1/2044

349,075

Connect

Finco

SARL/Connect

US

Finco,

LLC

92,000

6.750%, 

10/1/2026

c

90,185

CSC

Holdings,

LLC

57,000

11.750%, 

1/31/2029

c

57,089

378,000

6.500%, 

2/1/2029

c

320,283

257,000

5.750%, 

1/15/2030

c

136,049

92,000

4.125%, 

12/1/2030

c

65,785

Deutsche

Telekom

International

Finance

BV

560,000

8.750%, 

6/15/2030

661,983

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

245

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Communications

Services

(0.3%)

-

continued

DIRECTV

Financing,

LLC/DIRECTV

Financing

Co-Obligor,

Inc.

$

364,000

5.875%, 

8/15/2027

c

$

344,357

Discovery

Communications,

LLC

373,000

4.900%, 

3/11/2026

369,296

DISH

DBS

Corporation

62,000

5.875%, 

11/15/2024

b

59,404

78,000

5.250%, 

12/1/2026

b,c

61,418

62,000

7.375%, 

7/1/2028

29,848

108,000

5.750%, 

12/1/2028

b,c

74,224

95,000

5.125%, 

6/1/2029

39,623

DISH

Network

Corporation

120,000

11.750%, 

11/15/2027

c

122,512

Frontier

Communications

Holdings,

LLC

214,000

5.875%, 

10/15/2027

c

207,181

161,000

6.750%, 

5/1/2029

c

143,482

45,000

8.750%, 

5/15/2030

c

46,045

GCI,

LLC

170,000

4.750%, 

10/15/2028

c

155,874

Gray

Television,

Inc.

210,000

4.750%, 

10/15/2030

c

137,726

58,000

5.375%, 

11/15/2031

c

38,032

iHeartCommunications,

Inc.

140,000

6.375%, 

5/1/2026

119,432

Iliad

Holding

SASU

221,000

6.500%, 

10/15/2026

c

218,930

Lamar

Media

Corporation

97,000

3.625%, 

1/15/2031

85,111

LCPR

Senior

Secured

Financing

DAC

238,000

6.750%, 

10/15/2027

c

223,367

Level

3

Financing,

Inc.

277,000

4.625%, 

9/15/2027

c

184,205

140,000

4.250%, 

7/1/2028

c

65,800

85,000

10.500%, 

5/15/2030

b,c

86,912

McGraw-Hill

Education,

Inc.

185,000

8.000%, 

8/1/2029

b,c

173,885

Meta

Platforms,

Inc.

168,000

5.600%, 

5/15/2053

177,565

186,000

4.800%, 

5/15/2030

187,019

378,000

3.850%, 

8/15/2032

354,211

Netflix,

Inc.

93,000

5.875%, 

11/15/2028

96,676

254,000

5.375%, 

11/15/2029

c

259,204

230,000

4.875%, 

6/15/2030

c

228,391

News

Corporation

171,000

3.875%, 

5/15/2029

c

156,371

NTT

Finance

Corporation

268,000

4.372%, 

7/27/2027

c

263,284

Omnicom

Group,

Inc.

200,000

4.200%, 

6/1/2030

190,373

Outfront

Media

Capital,

LLC/

Outfront

Media

Capital

Corporation

72,000

4.625%, 

3/15/2030

c

64,572

Paramount

Global

101,000

6.375%, 

3/30/2062

e

93,321

Playtika

Holding

Corporation

151,000

4.250%, 

3/15/2029

c

130,723

Rogers

Communications,

Inc.

268,000

5.000%, 

2/15/2029

266,139

352,000

5.300%, 

2/15/2034

348,860

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Communications

Services

(0.3%)

-

continued

Scripps

Escrow

II,

Inc.

$

54,000

3.875%, 

1/15/2029

c

$

42,939

78,000

5.375%, 

1/15/2031

c

47,991

Sinclair

Television

Group,

Inc.

210,000

4.125%, 

12/1/2030

c

152,956

Sirius

XM

Radio,

Inc.

285,000

5.000%, 

8/1/2027

c

274,194

115,000

4.000%, 

7/15/2028

c

105,210

Sprint

Capital

Corporation

566,000

8.750%, 

3/15/2032

686,304

Take-Two

Interactive

Software,

Inc.

222,000

4.950%, 

3/28/2028

221,147

TEGNA,

Inc.

58,000

4.750%, 

3/15/2026

c

56,863

186,000

4.625%, 

3/15/2028

170,126

Telecom

Italia

Capital

SA

146,000

6.000%, 

9/30/2034

133,539

Telecom

Italia

SPA/Milano

75,000

5.303%, 

5/30/2024

c

74,592

Telesat

Canada/Telesat,

LLC

85,000

4.875%, 

6/1/2027

c

44,200

45,000

6.500%, 

10/15/2027

c

18,000

T-Mobile

USA,

Inc.

561,000

3.600%, 

11/15/2060

393,356

324,000

4.850%, 

1/15/2029

321,600

315,000

4.375%, 

4/15/2040

280,553

United

States

Cellular

Corporation

40,000

6.700%, 

12/15/2033

39,206

Uniti

Group,

LP/Uniti

Group

Finance,

Inc./CSL

Capital,

LLC

177,000

4.750%, 

4/15/2028

c

154,543

103,000

6.500%, 

2/15/2029

c

79,828

Univision

Communications,

Inc.

194,000

4.500%, 

5/1/2029

c

173,369

Urban

One,

Inc.

35,000

7.375%, 

2/1/2028

c

29,699

Verizon

Communications,

Inc.

337,000

3.000%, 

11/20/2060

210,148

725,000

2.650%, 

11/20/2040

510,864

492,000

3.400%, 

3/22/2041

384,548

Viasat,

Inc.

94,000

6.500%, 

7/15/2028

b,c

72,588

Virgin

Media

Finance

plc

73,000

5.000%, 

7/15/2030

c

61,770

Virgin

Media

Secured

Finance

plc

149,000

5.500%, 

5/15/2029

c

137,761

VZ

Secured

Financing

BV

243,000

5.000%, 

1/15/2032

c

208,641

Warnermedia

Holdings,

Inc.

269,000

4.054%, 

3/15/2029

251,818

338,000

5.050%, 

3/15/2042

290,509

YPSO

Finance

BIS

SA

115,000

10.500%, 

5/15/2027

c

43,030

Zayo

Group

Holdings,

Inc.

70,000

4.000%, 

3/1/2027

c

57,620

Ziggo

Bond

Company

BV

69,000

5.125%, 

2/28/2030

b,c

59,092

Total

19,989,433

Consumer

Cyclical

(0.3%)

1011778

B.C.,

ULC/New

Red

Finance,

Inc.

250,000

4.375%, 

1/15/2028

c

236,483

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

246

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Consumer

Cyclical

(0.3%)

-

continued

Adient

Global

Holdings,

Ltd.

$

93,000

8.250%, 

4/15/2031

b,c

$

98,137

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation

35,000

6.625%, 

7/15/2026

c

34,977

140,000

6.000%, 

6/1/2029

b,c

120,459

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation/

Atlas

Luxco

4

SARL

245,000

4.625%, 

6/1/2028

c

223,727

Allison

Transmission,

Inc.

97,000

3.750%, 

1/30/2031

c

84,635

Amazon.com,

Inc.

286,000

3.875%, 

8/22/2037

258,183

AMC

Entertainment

Holdings,

Inc.

42,000

7.500%, 

2/15/2029

c

28,053

American

Axle

&

Manufacturing,

Inc.

285,000

6.500%, 

4/1/2027

b

284,033

American

Honda

Finance

Corporation

200,000

4.900%, 

3/12/2027

199,604

218,000

5.850%, 

10/4/2030

228,006

Anywhere

Real

Estate

Group,

LLC/Anywhere

Co-Issuer

Corporation

31,000

7.000%, 

4/15/2030

c

27,603

Arches

Buyer,

Inc.

127,000

6.125%, 

12/1/2028

c

106,385

Arko

Corporation

109,000

5.125%, 

11/15/2029

c

90,216

Asbury

Automotive

Group,

Inc.

99,000

5.000%, 

2/15/2032

c

89,698

Ashton

Woods

USA,

LLC/Ashton

Woods

Finance

Company

140,000

4.625%, 

8/1/2029

c

129,138

60,000

4.625%, 

4/1/2030

c

54,820

Beazer

Homes

USA,

Inc.

40,000

7.500%, 

3/15/2031

c

40,396

Boyd

Gaming

Corporation

155,000

4.750%, 

6/15/2031

c

142,437

Boyne

USA,

Inc.

66,000

4.750%, 

5/15/2029

c

61,180

Brookfield

Residential

Properties,

Inc./Brookfield

Residential

US,

LLC

160,000

6.250%, 

9/15/2027

c

156,532

Caesars

Entertainment,

Inc.

50,000

8.125%, 

7/1/2027

c

51,208

380,000

4.625%, 

10/15/2029

c

346,511

70,000

6.500%, 

2/15/2032

c

70,616

Carnival

Corporation

80,000

7.625%, 

3/1/2026

c

80,941

297,000

5.750%, 

3/1/2027

c

293,951

70,000

4.000%, 

8/1/2028

c

65,205

59,000

6.000%, 

5/1/2029

c

58,216

Carvana

Company

99,000

0.000%,PIK

12.000%,

12/1/2028

c,i

96,796

Cedar

Fair,

LP

140,000

5.250%, 

7/15/2029

132,710

Churchill

Downs,

Inc.

140,000

4.750%, 

1/15/2028

c

133,275

71,000

6.750%, 

5/1/2031

c

71,397

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Consumer

Cyclical

(0.3%)

-

continued

Cinemark

USA,

Inc.

$

172,000

5.875%, 

3/15/2026

c

$

169,817

Clarios

Global,

LP/Clarios

US

Finance

Company,

Inc.

110,000

8.500%, 

5/15/2027

c

110,166

178,000

6.750%, 

5/15/2028

c

180,426

D.R.

Horton,

Inc.

72,000

2.600%, 

10/15/2025

68,989

Daimler

Trucks

Finance

North

America,

LLC

390,000

2.000%, 

12/14/2026

c

358,543

Dana,

Inc.

85,000

4.500%, 

2/15/2032

73,467

eG

Global

Finance

plc

28,000

12.000%, 

11/30/2028

c

29,762

Expedia

Group,

Inc.

484,000

3.250%, 

2/15/2030

435,686

Ford

Motor

Company

211,000

3.250%, 

2/12/2032

175,511

Ford

Motor

Credit

Company,

LLC

225,000

2.300%, 

2/10/2025

218,198

328,000

2.900%, 

2/10/2029

289,198

258,000

7.122%, 

11/7/2033

277,585

Forestar

Group,

Inc.

145,000

3.850%, 

5/15/2026

c

138,474

General

Motors

Company

325,000

6.125%, 

10/1/2025

327,734

General

Motors

Financial

Company,

Inc.

230,000

1.500%, 

6/10/2026

211,567

105,000

5.400%, 

5/8/2027

105,275

350,000

5.800%, 

1/7/2029

356,166

GLP

Capital,

LP

467,000

5.750%, 

6/1/2028

467,345

Goodyear

Tire

&

Rubber

Company

110,000

5.000%, 

7/15/2029

b

102,699

Hanesbrands,

Inc.

66,000

4.875%, 

5/15/2026

c

64,259

64,000

9.000%, 

2/15/2031

b,c

65,756

Hilton

Domestic

Operating

Company,

Inc.

223,000

4.875%, 

1/15/2030

213,813

71,000

3.625%, 

2/15/2032

c

61,131

Hilton

Grand

Vacations

Borrower

Escrow,

LLC/Hilton

Grand

Vacations

Borrower

Escrow,

Inc.

115,000

5.000%, 

6/1/2029

c

107,249

Home

Depot,

Inc.

275,000

5.400%, 

9/15/2040

279,815

336,000

4.250%, 

4/1/2046

291,067

315,000

3.900%, 

6/15/2047

257,456

Hyundai

Capital

America

216,000

6.250%, 

11/3/2025

c

218,209

475,000

1.800%, 

1/10/2028

c

418,355

International

Game

Technology

plc

200,000

5.250%, 

1/15/2029

c

193,238

Jacobs

Entertainment,

Inc.

97,000

6.750%, 

2/15/2029

c

94,228

KB

Home

195,000

4.800%, 

11/15/2029

186,116

Kohl's

Corporation

170,000

4.625%, 

5/1/2031

143,059

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

247

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Consumer

Cyclical

(0.3%)

-

continued

L

Brands,

Inc.

$

260,000

6.625%, 

10/1/2030

c

$

265,590

80,000

6.875%, 

11/1/2035

81,805

Lennar

Corporation

126,000

4.750%, 

5/30/2025

124,904

Light

&

Wonder

International,

Inc.

200,000

7.250%, 

11/15/2029

c

205,313

Live

Nation

Entertainment,

Inc.

120,000

4.750%, 

10/15/2027

c

114,579

Lowe's

Companies,

Inc.

224,000

5.625%, 

4/15/2053

226,242

455,000

2.625%, 

4/1/2031

391,519

Macy's

Retail

Holdings,

LLC

155,000

5.875%, 

4/1/2029

b,c

152,058

57,000

6.125%, 

3/15/2032

c

55,249

Marriott

International,

Inc./MD

421,000

4.625%, 

6/15/2030

409,589

Mattamy

Group

Corporation

133,000

5.250%, 

12/15/2027

c

128,951

McDonald's

Corporation

325,000

4.450%, 

3/1/2047

283,065

Michaels

Companies,

Inc.

50,000

5.250%, 

5/1/2028

c

42,604

45,000

7.875%, 

5/1/2029

c

33,760

NCL

Corporation,

Ltd.

137,000

5.875%, 

3/15/2026

c

135,240

156,000

5.875%, 

2/15/2027

c

154,127

Nissan

Motor

Acceptance

Company,

LLC

316,000

1.125%, 

9/16/2024

c

308,851

Nordstrom,

Inc.

57,000

4.375%, 

4/1/2030

b

51,613

81,000

4.250%, 

8/1/2031

71,123

PENN

Entertainment,

Inc.

140,000

4.125%, 

7/1/2029

b,c

120,393

PetSmart,

Inc./PetSmart

Finance

Corporation

210,000

4.750%, 

2/15/2028

c

196,612

130,000

7.750%, 

2/15/2029

c

126,560

Prime

Security

Services

Borrower,

LLC/Prime

Finance,

Inc.

299,000

5.750%, 

4/15/2026

c

298,128

132,000

6.250%, 

1/15/2028

b,c

129,304

QVC,

Inc.

36,000

4.375%, 

9/1/2028

b

28,852

Raising

Cane's

Restaurants,

LLC

71,000

9.375%, 

5/1/2029

c

76,733

Rakuten

Group,

Inc.

85,000

11.250%, 

2/15/2027

c

90,057

Real

Hero

Merger

Sub

2,

Inc.

97,000

6.250%, 

2/1/2029

b,c

84,992

Realogy

Group,

LLC/Realogy

Group

Co-Issuer

Corporation

65,000

5.750%, 

1/15/2029

b,c

46,029

Royal

Caribbean

Cruises,

Ltd.

298,000

4.250%, 

7/1/2026

c

287,583

127,000

9.250%, 

1/15/2029

c

136,216

110,000

7.250%, 

1/15/2030

c

114,288

Scientific

Games

Holdings,

LP/

Scientific

Games

US

FinCo,

Inc.

40,000

6.625%, 

3/1/2030

c

38,670

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Consumer

Cyclical

(0.3%)

-

continued

SeaWorld

Parks

and

Entertainment,

Inc.

$

137,000

5.250%, 

8/15/2029

c

$

129,033

Six

Flags

Theme

Parks,

Inc.

55,000

7.000%, 

7/1/2025

c

55,079

Staples,

Inc.

162,000

7.500%, 

4/15/2026

c

158,107

53,000

10.750%, 

4/15/2027

c

50,379

Station

Casinos,

LLC

122,000

4.625%, 

12/1/2031

c

109,653

Tapestry,

Inc.

245,000

7.350%, 

11/27/2028

258,157

Target

Corporation

337,000

2.950%, 

1/15/2052

228,721

Tenneco,

Inc.

186,000

8.000%, 

11/17/2028

c

169,713

Toyota

Motor

Credit

Corporation

325,000

5.000%, 

3/19/2027

325,997

102,000

4.800%, 

1/5/2034

100,346

Tripadvisor,

Inc.

37,000

7.000%, 

7/15/2025

c

36,898

VICI

Properties,

LP/VICI

Note

Company,

Inc.

340,000

4.625%, 

6/15/2025

c

334,786

127,000

5.750%, 

2/1/2027

c

126,840

158,000

4.125%, 

8/15/2030

c

143,670

Victoria's

Secret

&

Company

134,000

4.625%, 

7/15/2029

c

109,948

Viking

Cruises,

Ltd.

232,000

5.875%, 

9/15/2027

c

227,619

Volkswagen

Group

of

America

Finance,

LLC

325,000

5.300%, 

3/22/2027

c

325,674

Wabash

National

Corporation

175,000

4.500%, 

10/15/2028

c

160,482

Walgreens

Boots

Alliance,

Inc.

99,000

3.200%, 

4/15/2030

86,045

Walmart,

Inc.

263,000

4.500%, 

9/9/2052

243,787

WASH

Multifamily

Acquisition,

Inc.

88,000

5.750%, 

4/15/2026

b,c

86,009

Wynn

Resorts

Finance,

LLC/Wynn

Resorts

Capital

Corporation

137,000

7.125%, 

2/15/2031

c

141,781

Yum!

Brands,

Inc.

210,000

4.750%, 

1/15/2030

c

199,177

ZF

North

America

Capital,

Inc.

96,000

7.125%, 

4/14/2030

c

101,157

Total

19,705,544

Consumer

Non-Cyclical

(0.3%)

1375209

B.C.,

Ltd.

88,000

9.000%, 

1/30/2028

b,c

86,240

Abbott

Laboratories

284,000

4.750%, 

11/30/2036

281,669

AbbVie,

Inc.

104,000

5.400%, 

3/15/2054

107,047

538,000

4.300%, 

5/14/2036

505,116

239,000

5.350%, 

3/15/2044

243,696

AdaptHealth,

LLC

253,000

4.625%, 

8/1/2029

c

217,718

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

248

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Consumer

Non-Cyclical

(0.3%)

-

continued

Albertsons

Companies,

Inc./

Safeway,

Inc./New

Albertsons,

LP/Albertsons,

LLC

$

180,000

4.625%, 

1/15/2027

c

$

174,203

191,000

3.500%, 

3/15/2029

c

171,439

Altria

Group,

Inc.

216,000

6.875%, 

11/1/2033

234,978

Amgen,

Inc.

315,000

4.200%, 

2/22/2052

259,094

266,000

5.250%, 

3/2/2030

270,043

335,000

5.600%, 

3/2/2043

340,837

Anheuser-Busch

Companies,

LLC/Anheuser-Busch

InBev

Worldwide,

Inc.

434,000

4.700%, 

2/1/2036

419,600

Anheuser-Busch

InBev

Worldwide,

Inc.

527,000

4.375%, 

4/15/2038

489,772

270,000

5.550%, 

1/23/2049

281,512

Archer-Daniels-Midland

Company

393,000

2.700%, 

9/15/2051

250,948

AstraZeneca

Finance,

LLC

215,000

4.800%, 

2/26/2027

214,907

AstraZeneca

plc

580,000

3.000%, 

5/28/2051

407,039

B&G

Foods,

Inc.

125,000

5.250%, 

9/15/2027

b

116,804

BAT

Capital

Corporation

94,000

5.834%, 

2/20/2031

94,807

112,000

7.750%, 

10/19/2032

126,387

74,000

6.000%, 

2/20/2034

74,928

215,000

7.079%, 

8/2/2043

229,380

Bausch

+

Lomb

Corporation

36,000

8.375%, 

10/1/2028

c

37,248

Bausch

Health

Companies,

Inc.

96,000

5.500%, 

11/1/2025

c

90,615

92,000

4.875%, 

6/1/2028

c

50,205

165,000

11.000%, 

9/30/2028

c

110,137

Baxter

International,

Inc.

325,000

3.132%, 

12/1/2051

212,845

Becton,

Dickinson

and

Company

157,000

3.794%, 

5/20/2050

123,138

375,000

3.700%, 

6/6/2027

360,278

BellRing

Brands,

Inc.

101,000

7.000%, 

3/15/2030

c

104,039

Bristol-Myers

Squibb

Company

186,000

5.100%, 

2/22/2031

187,799

556,000

3.550%, 

3/15/2042

445,903

Campbell

Soup

Company

318,000

5.200%, 

3/19/2027

318,741

208,000

5.400%, 

3/21/2034

209,561

Cargill,

Inc.

329,000

3.125%, 

5/25/2051

c

228,713

Catalent

Pharma

Solutions,

Inc.

70,000

3.125%, 

2/15/2029

c

66,890

Central

Garden

&

Pet

Company

220,000

4.125%, 

10/15/2030

b

197,362

Cheplapharm

Arzneimittel

GmbH

20,000

5.500%, 

1/15/2028

c

19,057

Chobani,

LLC/Chobani

Finance

Corporation,

Inc.

174,000

4.625%, 

11/15/2028

c

162,261

58,000

7.625%, 

7/1/2029

b,c

58,797

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Consumer

Non-Cyclical

(0.3%)

-

continued

CHS/Community

Health

Systems,

Inc.

$

131,000

5.625%, 

3/15/2027

c

$

120,572

42,000

8.000%, 

12/15/2027

c

41,199

178,000

6.000%, 

1/15/2029

c

155,500

91,000

6.125%, 

4/1/2030

b,c

65,621

102,000

5.250%, 

5/15/2030

c

83,172

77,000

4.750%, 

2/15/2031

c

59,424

Constellation

Brands,

Inc.

266,000

3.600%, 

2/15/2028

252,627

160,000

2.875%, 

5/1/2030

141,535

Coty,

Inc./HFC

Prestige

Products,

Inc./HFC

Prestige

International

US,

LLC

214,000

4.750%, 

1/15/2029

c

202,510

120,000

6.625%, 

7/15/2030

c

121,859

CVS

Health

Corporation

505,000

5.625%, 

2/21/2053

495,941

252,000

5.125%, 

2/21/2030

252,760

465,000

4.875%, 

7/20/2035

447,194

Edgewell

Personal

Care

Company

120,000

5.500%, 

6/1/2028

c

117,299

Eli

Lilly

&

Company

168,000

4.950%, 

2/27/2063

163,418

Embecta

Corporation

56,000

6.750%, 

2/15/2030

c

48,521

Encompass

Health

Corporation

240,000

4.500%, 

2/1/2028

228,581

Energizer

Holdings,

Inc.

209,000

4.750%, 

6/15/2028

c

193,575

Fortrea

Holdings,

Inc.

93,000

7.500%, 

7/1/2030

c

96,002

General

Mills,

Inc.

90,000

4.950%, 

3/29/2033

88,996

Grifols

SA

168,000

4.750%, 

10/15/2028

b,c

138,997

HCA,

Inc.

401,000

3.500%, 

9/1/2030

362,647

Herbalife

Nutrition,

Ltd./HLF

Financing,

Inc.

28,000

7.875%, 

9/1/2025

c

27,996

HLF

Financing

SARL,

LLC/

Herbalife

International,

Inc.

210,000

4.875%, 

6/1/2029

c

145,950

Imperial

Brands

Finance

plc

550,000

3.875%, 

7/26/2029

c

515,862

Jazz

Securities

DAC

97,000

4.375%, 

1/15/2029

c

90,359

JBS

USA

LUX

SA/JBS

USA

Food

Company/JBS

Luxembourg

SARL

219,000

6.750%, 

3/15/2034

c

230,108

JBS

USA

LUX

SA/JBS

USA

Food

Company/JBS

USA

Finance,

Inc.

113,000

4.375%, 

2/2/2052

82,061

227,000

5.500%, 

1/15/2030

223,712

373,000

3.000%, 

5/15/2032

304,204

KeHE

Distributors,

LLC/KeHE

Finance

Corporation/NextWave

Distribution,

Inc.

57,000

9.000%, 

2/15/2029

c

57,788

Keurig

Dr

Pepper,

Inc.

432,000

5.200%, 

3/15/2031

433,030

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

249

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Consumer

Non-Cyclical

(0.3%)

-

continued

Kimberly-Clark

Corporation

$

300,000

3.900%, 

5/4/2047

$

246,896

Kraft

Heinz

Foods

Company

219,000

4.375%, 

6/1/2046

184,955

Legacy

LifePoint

Health,

LLC

72,000

4.375%, 

2/15/2027

c

68,610

LifePoint

Health,

Inc.

55,000

9.875%, 

8/15/2030

c

57,532

73,000

11.000%, 

10/15/2030

c

78,022

Mattel,

Inc.

282,000

5.450%, 

11/1/2041

261,236

Medline

Borrower,

LP/Medline

Co-

Issuer,

Inc.

117,000

6.250%, 

4/1/2029

c

117,524

Medtronic,

Inc.

338,000

4.375%, 

3/15/2035

323,201

ModivCare

Escrow

Issuer,

Inc.

60,000

5.000%, 

10/1/2029

c

43,506

ModivCare,

Inc.

48,000

5.875%, 

11/15/2025

c

46,745

Mozart

Debt

Merger

Sub,

Inc.

151,000

3.875%, 

4/1/2029

c

137,441

119,000

5.250%, 

10/1/2029

c

112,475

Organon

&

Company/Organon

Foreign

Debt

Co-Issuer

BV

167,000

4.125%, 

4/30/2028

c

155,626

99,000

5.125%, 

4/30/2031

c

88,022

Owens

&

Minor,

Inc.

163,000

6.625%, 

4/1/2030

b,c

161,780

PepsiCo,

Inc.

215,000

4.200%, 

7/18/2052

187,801

Perrigo

Finance

Unlimited

Company

87,000

4.375%, 

3/15/2026

84,656

99,000

3.150%, 

6/15/2030

91,007

Pfizer

Investment

Enterprises,

Private

Ltd.

504,000

5.300%, 

5/19/2053

501,094

217,000

5.110%, 

5/19/2043

212,194

Philip

Morris

International,

Inc.

103,000

4.750%, 

2/12/2027

102,428

218,000

5.500%, 

9/7/2030

222,175

103,000

5.125%, 

2/13/2031

102,325

336,000

5.375%, 

2/15/2033

338,760

Post

Holdings,

Inc.

140,000

4.500%, 

9/15/2031

c

125,929

Primo

Water

Holdings,

Inc.

144,000

4.375%, 

4/30/2029

c

132,419

RegionalCare

Hospital

Partners

Holdings,

Inc./LifePoint

Health,

Inc.

72,000

9.750%, 

12/1/2026

c

72,097

Reynolds

American,

Inc.

512,000

5.700%, 

8/15/2035

499,961

Roche

Holdings,

Inc.

336,000

4.000%, 

11/28/2044

c

289,653

Scotts

Miracle-Gro

Company

67,000

4.500%, 

10/15/2029

60,635

Sigma

Holdco

BV

88,000

7.875%, 

5/15/2026

c

84,480

Simmons

Foods,

Inc.

228,000

4.625%, 

3/1/2029

c

201,486

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Consumer

Non-Cyclical

(0.3%)

-

continued

Spectrum

Brands,

Inc.

$

89,000

5.000%, 

10/1/2029

c

$

87,224

120,000

5.500%, 

7/15/2030

c

117,531

61,000

3.875%, 

3/15/2031

b,c

58,759

Star

Parent,

Inc.

120,000

9.000%, 

10/1/2030

c

126,997

Surgery

Center

Holdings,

Inc.

70,000

7.250%, 

4/15/2032

c,f

70,544

Sysco

Corporation

338,000

6.600%, 

4/1/2040

373,875

Takeda

Pharmaceutical

Company,

Ltd.

335,000

3.175%, 

7/9/2050

233,461

Tenet

Healthcare

Corporation

325,000

5.125%, 

11/1/2027

317,891

110,000

6.125%, 

10/1/2028

b

109,606

144,000

6.750%, 

5/15/2031

c

146,625

Teva

Pharmaceutical

Finance

Netherlands

III

BV

131,000

3.150%, 

10/1/2026

122,471

Triton

Water

Holdings,

Inc.

114,000

6.250%, 

4/1/2029

c

103,833

Viterra

Finance

BV

273,000

3.200%, 

4/21/2031

c

236,335

Wyeth,

LLC

225,000

6.500%, 

2/1/2034

249,212

Zoetis,

Inc.

468,000

4.700%, 

2/1/2043

428,434

Total

22,746,242

Energy

(0.3%)

Antero

Midstream

Partners,

LP/

Antero

Midstream

Finance

Corporation

124,000

5.375%, 

6/15/2029

c

119,246

Antero

Resources

Corporation

64,000

5.375%, 

3/1/2030

c

61,464

Archrock

Partners,

LP/Archrock

Partners

Finance

Corporation

190,000

6.250%, 

4/1/2028

c

187,993

Ascent

Resources

Utica

Holdings,

LLC/ARU

Finance

Corporation

117,000

8.250%, 

12/31/2028

c

120,192

Baytex

Energy

Corporation

119,000

8.500%, 

4/30/2030

c

124,258

Borr

IHC,

Ltd./Borr

Finance,

LLC

143,000

10.375%, 

11/15/2030

c

148,720

BP

Capital

Markets

America,

Inc.

567,000

2.939%, 

6/4/2051

378,538

Buckeye

Partners,

LP

80,000

4.500%, 

3/1/2028

c

76,001

Canadian

Natural

Resources,

Ltd.

137,000

2.950%, 

7/15/2030

120,787

Cheniere

Energy

Partners,

LP

897,000

4.500%, 

10/1/2029

853,717

Cheniere

Energy,

Inc.

61,000

5.650%, 

4/15/2034

c

61,436

Chesapeake

Energy

Corporation

91,000

6.750%, 

4/15/2029

c

91,975

Civitas

Resources,

Inc.

82,000

8.375%, 

7/1/2028

c

86,322

42,000

8.625%, 

11/1/2030

c

45,099

152,000

8.750%, 

7/1/2031

c

162,649

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

250

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Energy

(0.3%)

-

continued

CNX

Resources

Corporation

$

69,000

6.000%, 

1/15/2029

c

$

67,557

Columbia

Pipelines

Holding

Company,

LLC

219,000

6.042%, 

8/15/2028

c

223,779

Columbia

Pipelines

Operating

Company,

LLC

55,000

5.927%, 

8/15/2030

c

56,428

Comstock

Resources,

Inc.

135,000

5.875%, 

1/15/2030

c

122,257

Continental

Resources,

Inc.

394,000

2.268%, 

11/15/2026

c

362,694

CQP

Holdco,

LP/BIP-V

Chinnok

Holdco,

LLC

133,000

5.500%, 

6/15/2031

c

125,700

Crescent

Energy

Finance,

LLC

70,000

9.250%, 

2/15/2028

c

73,912

175,000

7.625%, 

4/1/2032

c

176,348

Delek

Logistics

Partners,

LP/Delek

Logistics

Finance

Corporation

70,000

8.625%, 

3/15/2029

c

71,482

Diamond

Foreign

Asset

Company/

Diamond

Finance,

LLC

48,000

8.500%, 

10/1/2030

c

50,660

Diamondback

Energy,

Inc.

218,000

3.125%, 

3/24/2031

193,128

DT

Midstream,

Inc.

98,000

4.125%, 

6/15/2029

c

90,095

70,000

4.375%, 

6/15/2031

c

63,394

Enerflex,

Ltd.

97,000

9.000%, 

10/15/2027

c

99,664

Energy

Transfer,

LP

261,000

4.000%, 

10/1/2027

250,845

265,000

4.900%, 

3/15/2035

250,512

250,000

5.150%, 

2/1/2043

223,330

400,000

6.000%, 

6/15/2048

397,572

Enterprise

Products

Operating,

LLC

300,000

3.300%, 

2/15/2053

212,894

EQM

Midstream

Partners,

LP

329,000

4.750%, 

1/15/2031

c

305,955

EQT

Corporation

187,000

6.125%, 

2/1/2025

187,223

268,000

3.900%, 

10/1/2027

254,743

Exxon

Mobil

Corporation

525,000

3.452%, 

4/15/2051

397,732

Ferrellgas,

LP/Ferrellgas

Finance

Corporation

135,000

5.375%, 

4/1/2026

c

132,076

Genesis

Energy

LP/Genesis

Energy

Finance

Corporation

193,000

8.875%, 

4/15/2030

202,023

Halliburton

Company

300,000

4.850%, 

11/15/2035

291,768

225,000

5.000%, 

11/15/2045

211,243

Harvest

Midstream,

LP

147,000

7.500%, 

9/1/2028

c

149,048

Hess

Midstream

Operations,

LP

118,000

5.625%, 

2/15/2026

c

117,057

Hilcorp

Energy

I,

LP/Hilcorp

Finance

Company

170,000

5.750%, 

2/1/2029

c

165,586

112,000

6.250%, 

4/15/2032

c

110,454

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Energy

(0.3%)

-

continued

Howard

Midstream

Energy

Partners,

LLC

$

178,000

6.750%, 

1/15/2027

c

$

177,595

ITT

Holdings,

LLC

150,000

6.500%, 

8/1/2029

c

136,890

Kodiak

Gas

Services,

LLC

71,000

7.250%, 

2/15/2029

c

72,320

Laredo

Petroleum,

Inc.

206,000

7.750%, 

7/31/2029

c

207,702

MEG

Energy

Corporation

156,000

5.875%, 

2/1/2029

c

153,288

MPLX,

LP

287,000

4.875%, 

6/1/2025

284,598

449,000

4.950%, 

9/1/2032

436,155

82,000

5.000%, 

3/1/2033

79,602

Nabors

Industries,

Ltd.

205,000

7.250%, 

1/15/2026

c

203,731

National

Fuel

Gas

Company

404,000

5.500%, 

1/15/2026

403,375

New

Fortress

Energy,

Inc.

52,000

6.750%, 

9/15/2025

c

51,646

47,000

8.750%, 

3/15/2029

c

46,821

NGL

Energy

Operating,

LLC/NGL

Energy

Finance

Corporation

47,000

8.125%, 

2/15/2029

c

48,137

70,000

8.375%, 

2/15/2032

c

71,757

Noble

Finance

II,

LLC

119,000

8.000%, 

4/15/2030

c

123,956

Northern

Oil

and

Gas,

Inc.

120,000

8.750%, 

6/15/2031

c

126,715

Northriver

Midstream

Finance,

LP

58,000

5.625%, 

2/15/2026

c

57,504

NuStar

Logistics,

LP

114,000

6.375%, 

10/1/2030

114,737

Occidental

Petroleum

Corporation

541,000

7.875%, 

9/15/2031

613,262

ONEOK,

Inc.

112,000

5.000%, 

3/1/2026

111,308

Ovintiv,

Inc.

390,000

5.375%, 

1/1/2026

388,411

217,000

6.250%, 

7/15/2033

225,614

PBF

Holding

Company,

LLC/PBF

Finance

Corporation

96,000

6.000%, 

2/15/2028

94,463

Permian

Resources

Operating,

LLC

176,000

7.000%, 

1/15/2032

c

182,585

Phillips

66

Company

191,000

4.950%, 

12/1/2027

191,121

Prairie

Acquiror,

LP

93,000

9.000%, 

8/1/2029

c

95,738

Precision

Drilling

Corporation

135,000

6.875%, 

1/15/2029

c

134,749

Range

Resources

Corporation

97,000

4.750%, 

2/15/2030

c

90,438

Rockcliff

Energy

II,

LLC

127,000

5.500%, 

10/15/2029

c

118,849

Rockies

Express

Pipeline,

LLC

147,000

4.950%, 

7/15/2029

c

137,384

SM

Energy

Company

40,000

6.625%, 

1/15/2027

39,964

105,000

6.500%, 

7/15/2028

105,450

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

251

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Energy

(0.3%)

-

continued

Southwestern

Energy

Company

$

132,000

5.375%, 

3/15/2030

$

127,045

83,000

4.750%, 

2/1/2032

76,406

Suncor

Energy,

Inc.

339,000

7.150%, 

2/1/2032

375,468

Sunoco,

LP/Sunoco

Finance

Corporation

285,000

5.875%, 

3/15/2028

282,274

Tallgrass

Energy

Partners

LP/

Tallgrass

Energy

Finance

Corporation

217,000

5.500%, 

1/15/2028

c

209,076

Talos

Production,

Inc.

35,000

9.000%, 

2/1/2029

c

37,169

Targa

Resources

Corporation

394,000

4.200%, 

2/1/2033

359,209

Teine

Energy,

Ltd.

150,000

6.875%, 

4/15/2029

c

145,873

Transocean,

Inc.

140,000

11.500%, 

1/30/2027

c

145,911

156,600

8.750%, 

2/15/2030

c

163,283

USA

Compression

Partners,

LP/

USA

Compression

Finance

Corporation

161,000

6.875%, 

4/1/2026

160,815

40,000

7.125%, 

3/15/2029

c

40,498

Valaris,

Ltd.

120,000

8.375%, 

4/30/2030

c

123,784

Venture

Global

Calcasieu

Pass,

LLC

155,000

3.875%, 

8/15/2029

c

139,523

139,000

6.250%, 

1/15/2030

c

139,843

95,000

4.125%, 

8/15/2031

c

84,474

Venture

Global

LNG,

Inc.

244,000

8.375%, 

6/1/2031

c

251,630

117,000

9.875%, 

2/1/2032

c

126,096

Weatherford

International,

Ltd.

107,000

8.625%, 

4/30/2030

c

111,705

Western

Midstream

Operating,

LP

219,000

6.350%, 

1/15/2029

227,123

112,000

6.150%, 

4/1/2033

114,835

Williams

Companies,

Inc.

225,000

5.300%, 

8/15/2052

214,903

500,000

7.500%, 

1/15/2031

556,309

Total

17,814,673

Financials

(0.8%)

Acrisure,

LLC/Acrisure

Finance,

Inc.

86,000

6.000%, 

8/1/2029

c

78,869

AerCap

Ireland

Capital

DAC/

AerCap

Global

Aviation

Trust

247,000

6.100%, 

1/15/2027

251,042

375,000

3.875%, 

1/23/2028

355,524

250,000

3.400%, 

10/29/2033

210,590

Air

Lease

Corporation

482,000

3.000%, 

2/1/2030

426,053

Aircastle,

Ltd.

300,000

5.250%, 

8/11/2025

c

297,349

Alliant

Holdings

Intermediate,

LLC/

Alliant

Holdings

Co-Issuer,

Inc.

81,000

6.750%, 

10/15/2027

c

79,803

85,000

6.750%, 

4/15/2028

c

85,600

69,000

5.875%, 

11/1/2029

c

64,100

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Financials

(0.8%)

-

continued

$

58,000

7.000%, 

1/15/2031

c

$

58,581

Ally

Financial,

Inc.

285,000

5.750%, 

11/20/2025

b

282,948

460,000

8.000%, 

11/1/2031

512,390

31,000

6.700%, 

2/14/2033

31,319

American

Express

Company

102,000

5.098%, 

2/16/2028

e

101,843

American

Homes

4

Rent,

LP

376,000

2.375%, 

7/15/2031

305,398

American

International

Group,

Inc.

453,000

5.125%, 

3/27/2033

450,477

AmWINS

Group,

Inc.

47,000

6.375%, 

2/15/2029

c

47,254

140,000

4.875%, 

6/30/2029

c

130,674

ANZ

Bank

New

Zealand,

Ltd.

225,000

5.548%, 

8/11/2032

c,e

225,760

Aon

North

America,

Inc.

158,000

5.750%, 

3/1/2054

161,982

Ares

Capital

Corporation

173,000

3.250%, 

7/15/2025

167,120

425,000

3.875%, 

1/15/2026

411,076

145,000

2.150%, 

7/15/2026

133,520

189,000

5.875%, 

3/1/2029

188,435

Arthur

J.

Gallagher

&

Company

54,000

6.750%, 

2/15/2054

61,308

79,000

5.750%, 

7/15/2054

79,108

Associated

Banc-Corp

275,000

4.250%, 

1/15/2025

269,864

Australia

&

New

Zealand

Banking

Group,

Ltd.

450,000

2.950%, 

7/22/2030

c,e

432,397

Avolon

Holdings

Funding,

Ltd.

125,000

4.250%, 

4/15/2026

c

120,640

270,000

5.750%, 

3/1/2029

c

268,694

Banco

Santander

Mexico

SA

250,000

5.375%, 

4/17/2025

c

249,041

Banco

Santander

SA

400,000

4.175%, 

3/24/2028

e

385,543

Bank

of

America

Corporation

403,000

5.080%, 

1/20/2027

e

400,971

275,000

1.734%, 

7/22/2027

e

253,536

265,000

3.824%, 

1/20/2028

e

255,236

196,000

5.202%, 

4/25/2029

e

196,185

230,000

2.087%, 

6/14/2029

e

203,246

500,000

2.496%, 

2/13/2031

e

430,721

650,000

1.922%, 

10/24/2031

e

529,633

338,000

2.972%, 

2/4/2033

e

287,449

676,000

4.571%, 

4/27/2033

e

642,144

324,000

5.872%, 

9/15/2034

e

336,043

129,000

5.468%, 

1/23/2035

e

129,841

450,000

3.846%, 

3/8/2037

e

397,830

Bank

of

Montreal

90,000

5.266%, 

12/11/2026

90,398

Bank

of

New

York

Mellon

Corporation

214,000

6.317%, 

10/25/2029

e

225,820

Bank

of

Nova

Scotia

105,000

4.850%, 

2/1/2030

104,232

Barclays

plc

333,000

6.496%, 

9/13/2027

e

339,692

275,000

4.972%, 

5/16/2029

e

269,506

335,000

5.746%, 

8/9/2033

e

336,426

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

252

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Financials

(0.8%)

-

continued

Berkshire

Hathaway

Finance

Corporation

$

449,000

2.850%, 

10/15/2050

$

303,008

BlackRock

Funding,

Inc.

104,000

5.250%, 

3/14/2054

104,515

Blackstone

Private

Credit

Fund

341,000

2.700%, 

1/15/2025

332,864

210,000

6.250%, 

1/25/2031

c

210,878

Blue

Owl

Capital

Corporation

II

164,000

8.450%, 

11/15/2026

c

168,917

Blue

Owl

Credit

Income

Corporation

282,000

4.700%, 

2/8/2027

267,524

Blue

Owl

Technology

Finance

Corporation

115,000

4.750%, 

12/15/2025

c

110,579

Blue

Owl

Technology

Finance

Corporation

II

217,000

6.750%, 

4/4/2029

c,f

214,308

BNP

Paribas

SA

564,000

3.132%, 

1/20/2033

c,e

479,985

BPCE

SA

440,000

3.500%, 

10/23/2027

c

411,843

Bread

Financial

Holdings,

Inc.

70,000

9.750%, 

3/15/2029

c

72,847

Brookfield

Property

REIT,

Inc./BPR

Cumulus,

LLC/BPR

Nimbus,

LLC/GGSI

Sellco,

LLC

42,000

4.500%, 

4/1/2027

c

38,336

Burford

Capital

Global

Finance,

LLC

194,000

9.250%, 

7/1/2031

c

205,327

Camden

Property

Trust

278,000

3.150%, 

7/1/2029

254,141

Canadian

Imperial

Bank

of

Commerce

336,000

5.001%, 

4/28/2028

334,816

Capital

One

Financial

Corporation

500,000

4.200%, 

10/29/2025

488,714

300,000

2.636%, 

3/3/2026

e

291,621

71,000

5.700%, 

2/1/2030

e

71,606

Castlelake

Aviation

Finance

DAC

91,000

5.000%, 

4/15/2027

c

87,647

Centene

Corporation

484,000

2.625%, 

8/1/2031

397,304

Charles

Schwab

Corporation

454,000

2.450%, 

3/3/2027

423,077

220,000

6.136%, 

8/24/2034

e

229,503

Chubb

INA

Holdings,

LLC

220,000

4.350%, 

11/3/2045

195,744

Citigroup,

Inc.

209,000

0.981%, 

5/1/2025

e

208,085

535,000

4.400%, 

6/10/2025

527,609

348,000

3.200%, 

10/21/2026

331,419

520,000

3.668%, 

7/24/2028

e

494,253

236,000

4.125%, 

7/25/2028

226,214

175,000

3.520%, 

10/27/2028

e

165,011

130,000

5.174%, 

2/13/2030

e

129,393

478,000

4.910%, 

5/24/2033

e

460,824

284,000

6.174%, 

5/25/2034

e

288,399

CNA

Financial

Corporation

160,000

5.125%, 

2/15/2034

155,671

Comerica,

Inc.

75,000

5.982%, 

1/30/2030

e

74,098

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Financials

(0.8%)

-

continued

Cooperatieve

Rabobank

UA

$

447,000

5.564%, 

2/28/2029

c,e

$

449,722

Corebridge

Financial,

Inc.

169,000

4.350%, 

4/5/2042

142,644

Credit

Acceptance

Corporation

164,000

9.250%, 

12/15/2028

c

176,395

Credit

Agricole

SA

300,000

6.875%, 

9/23/2024

c,e,j

299,480

Credit

Suisse

Group

AG

350,000

7.250%, 

9/12/2025

c,e,j,k

38,500

Deutsche

Bank

AG/New

York,

NY

239,000

6.819%, 

11/20/2029

e

249,851

500,000

3.729%, 

1/14/2032

e

421,118

Discover

Bank

475,000

5.974%, 

(USISOA05

+

1.730%),

8/9/2028

e

472,517

Diversified

Healthcare

Trust

68,000

Zero

Coupon, 

1/15/2026

c

57,728

Drawbridge

Special

Opportunities

Fund,

LP

250,000

3.875%, 

2/15/2026

c

233,730

Elevance

Health,

Inc.

375,000

3.125%, 

5/15/2050

260,949

300,000

4.625%, 

5/15/2042

272,508

Enact

Holdings,

Inc.

91,000

6.500%, 

8/15/2025

c

90,982

EPR

Properties

190,000

4.950%, 

4/15/2028

180,805

Fairfax

Financial

Holdings,

Ltd.

207,000

6.350%, 

3/22/2054

c

211,162

Fifth

Third

Bancorp

177,000

6.339%, 

7/27/2029

e

182,464

First

Horizon

Bank

265,000

5.750%, 

5/1/2030

b

250,744

FirstCash,

Inc.

113,000

5.625%, 

1/1/2030

c

107,380

First-Citizens

Bank

&

Trust

Company

189,000

6.125%, 

3/9/2028

194,119

Five

Corners

Funding

Trust

IV

224,000

5.997%, 

2/15/2053

c

236,599

Fortress

Transportation

and

Infrastructure

Investors,

LLC

112,000

6.500%, 

10/1/2025

c

111,832

60,000

9.750%, 

8/1/2027

c

62,126

43,000

5.500%, 

5/1/2028

c

41,664

Freedom

Mortgage

Corporation

59,000

7.625%, 

5/1/2026

c

58,908

48,000

12.000%, 

10/1/2028

c

52,320

Freedom

Mortgage

Holdings,

LLC

47,000

9.250%, 

2/1/2029

c

48,102

FS

KKR

Capital

Corporation

299,000

4.250%, 

2/14/2025

c

294,091

450,000

3.400%, 

1/15/2026

427,037

GGAM

Finance,

Ltd.

119,000

7.750%, 

5/15/2026

c

121,453

58,000

8.000%, 

6/15/2028

c

60,571

47,000

6.875%, 

4/15/2029

c

47,176

Global

Net

Lease,

Inc./Global

Net

Lease

Operating

Partnership,

LP

171,000

3.750%, 

12/15/2027

c

146,323

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

253

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Financials

(0.8%)

-

continued

goeasy,

Ltd.

$

94,000

9.250%, 

12/1/2028

c

$

100,223

Goldman

Sachs

Bank

USA/New

York,

NY

430,000

5.283%, 

3/18/2027

e

429,784

Goldman

Sachs

BDC,

Inc.

135,000

6.375%, 

3/11/2027

136,006

Goldman

Sachs

Group,

Inc.

318,000

1.948%, 

10/21/2027

e

292,313

322,000

6.484%, 

10/24/2029

e

338,783

120,000

1.992%, 

1/27/2032

e

97,104

810,000

3.102%, 

2/24/2033

e

692,749

Healthpeak

OP,

LLC

87,000

3.400%, 

2/1/2025

85,365

Highwoods

Realty,

LP

215,000

7.650%, 

2/1/2034

234,484

HSBC

Holdings

plc

400,000

2.999%, 

3/10/2026

e

389,661

425,000

3.900%, 

5/25/2026

413,810

300,000

5.402%, 

8/11/2033

e

299,148

HSBC

USA,

Inc.

329,000

5.294%, 

3/4/2027

330,913

HUB

International,

Ltd.

205,000

5.625%, 

12/1/2029

c

192,213

64,000

7.375%, 

1/31/2032

c

64,431

Huntington

Bancshares,

Inc./OH

267,000

5.709%, 

2/2/2035

e

266,231

Icahn

Enterprises,

LP/Icahn

Enterprises

Finance

Corporation

81,000

6.375%, 

12/15/2025

80,344

83,000

6.250%, 

5/15/2026

80,122

135,000

5.250%, 

5/15/2027

122,005

Intercontinental

Exchange,

Inc.

200,000

4.950%, 

6/15/2052

188,044

Intesa

Sanpaolo

SPA

71,000

4.198%, 

6/1/2032

c,e

59,359

Invitation

Homes

Operating

Partnership,

LP

282,000

2.000%, 

8/15/2031

224,074

J.P.

Morgan

Chase

&

Company

176,000

1.040%, 

2/4/2027

e

162,880

384,000

1.578%, 

4/22/2027

e

356,012

450,000

2.947%, 

2/24/2028

e

422,814

675,000

4.203%, 

7/23/2029

e

650,750

400,000

2.522%, 

4/22/2031

e

345,712

400,000

1.953%, 

2/4/2032

e

325,896

450,000

4.586%, 

4/26/2033

e

431,173

337,000

4.912%, 

7/25/2033

e

329,972

Jefferies

Finance,

LLC/JFIN

Co-

Issuer

Corporation

49,000

5.000%, 

8/15/2028

c

45,060

Jefferson

Capital

Holdings,

LLC

47,000

6.000%, 

8/15/2026

c

46,118

117,000

9.500%, 

2/15/2029

c

119,766

KeyBank

NA/Cleveland,

OH

258,000

5.000%, 

1/26/2033

239,151

KeyCorp

162,000

3.878%, 

5/23/2025

e

161,271

Kilroy

Realty,

LP

109,000

4.250%, 

8/15/2029

100,036

93,000

6.250%, 

1/15/2036

90,844

Kite

Realty

Group,

LP

80,000

5.500%, 

3/1/2034

79,495

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Financials

(0.8%)

-

continued

Ladder

Capital

Finance

Holdings,

LLLP/Ladder

Capital

Finance

Corporation

$

58,000

4.250%, 

2/1/2027

c

$

54,264

98,000

4.750%, 

6/15/2029

c

89,085

LD

Holdings

Group,

LLC

42,000

6.125%, 

4/1/2028

b,c

34,806

Lloyds

Banking

Group

plc

335,000

5.871%, 

3/6/2029

e

340,418

Macquarie

Airfinance

Holdings,

Ltd.

173,000

6.400%, 

3/26/2029

c

175,737

Manufacturers

&

Traders

Trust

Company

337,000

4.700%, 

1/27/2028

324,700

Marsh

&

McLennan

Companies,

Inc.

83,000

5.450%, 

3/15/2053

83,540

215,000

5.400%, 

9/15/2033

220,590

Massachusetts

Mutual

Life

Insurance

Company

475,000

3.200%, 

12/1/2061

c

295,986

Metropolitan

Life

Global

Funding

I

196,000

5.050%, 

1/8/2034

c

194,145

Mitsubishi

UFJ

Financial

Group,

Inc.

335,000

5.422%, 

2/22/2029

e

338,509

350,000

2.048%, 

7/17/2030

293,466

Molina

Healthcare,

Inc.

123,000

4.375%, 

6/15/2028

c

115,624

Morgan

Stanley

540,000

4.350%, 

9/8/2026

528,344

435,000

3.591%, 

7/22/2028

e

413,296

223,000

5.164%, 

4/20/2029

e

222,820

620,000

3.622%, 

4/1/2031

e

568,617

223,000

5.250%, 

4/21/2034

e

221,257

394,000

5.297%, 

4/20/2037

e

378,003

MPT

Operating

Partnership,

LP/

MPT

Finance

Corporation

32,000

5.250%, 

8/1/2026

b

29,294

156,000

4.625%, 

8/1/2029

b

119,725

Nasdaq,

Inc.

335,000

3.250%, 

4/28/2050

233,461

Nationstar

Mortgage

Holdings,

Inc.

121,000

6.000%, 

1/15/2027

c

119,283

NatWest

Group

plc

250,000

4.445%, 

5/8/2030

e

238,083

325,000

6.475%, 

6/1/2034

e

330,359

Necessity

Retail

REIT,

Inc./

American

Finance

Operating

Partner,

LP

68,000

4.500%, 

9/30/2028

c

58,200

New

York

Life

Global

Funding

331,000

4.550%, 

1/28/2033

c

319,306

NNN

REIT,

Inc.

320,000

5.600%, 

10/15/2033

323,995

Office

Properties

Income

Trust

52,000

2.650%, 

6/15/2026

30,044

Omega

Healthcare

Investors,

Inc.

416,000

3.625%, 

10/1/2029

371,327

375,000

3.375%, 

2/1/2031

320,086

OneMain

Finance

Corporation

189,000

3.500%, 

1/15/2027

175,449

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

254

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Financials

(0.8%)

-

continued

$

194,000

3.875%, 

9/15/2028

$

173,063

Osaic

Holdings,

Inc.

34,000

10.750%, 

8/1/2027

c

35,153

Panther

Escrow

Issuer,

LLC

164,000

7.125%, 

6/1/2031

c,f

166,740

Park

Intermediate

Holdings,

LLC

192,000

4.875%, 

5/15/2029

c

178,545

Pine

Street

Trust

I

337,000

4.572%, 

2/15/2029

c

320,292

PNC

Financial

Services

Group,

Inc.

107,000

6.615%, 

10/20/2027

e

110,163

450,000

4.626%, 

6/6/2033

e

419,652

PRA

Group,

Inc.

29,000

7.375%, 

9/1/2025

c

28,948

176,000

8.375%, 

2/1/2028

c

175,155

Principal

Life

Global

Funding

II

235,000

1.250%, 

8/16/2026

c

213,479

Prologis

Targeted

US

Logistics

Fund,

LP

216,000

5.250%, 

4/1/2029

c

215,381

Prologis,

LP

146,000

5.250%, 

3/15/2054

143,385

Prudential

Financial,

Inc.

428,000

5.125%, 

3/1/2052

e

401,183

Quicken

Loans,

LLC

73,000

3.875%, 

3/1/2031

c

63,598

Realty

Income

Corporation

400,000

2.100%, 

3/15/2028

357,873

Regency

Centers,

LP

299,000

4.125%, 

3/15/2028

287,931

162,000

5.250%, 

1/15/2034

161,383

RGA

Global

Funding

105,000

5.500%, 

1/11/2031

c

105,289

RHP

Hotel

Properties,

LP/RHP

Finance

Corporation

112,000

7.250%, 

7/15/2028

c

115,339

RLJ

Lodging

Trust,

LP

61,000

3.750%, 

7/1/2026

c

58,091

128,000

4.000%, 

9/15/2029

c

112,834

Rocket

Mortgage,

LLC/Rocket

Mortgage

Co-Issuer,

Inc.

190,000

3.625%, 

3/1/2029

c

170,914

Royal

Bank

of

Canada

347,000

5.200%, 

7/20/2026

348,116

Santander

Holdings

USA,

Inc.

111,000

6.499%, 

3/9/2029

e

113,531

93,000

6.174%, 

1/9/2030

e

93,838

Santander

UK

Group

Holdings

plc

460,000

1.673%, 

6/14/2027

e

420,796

Service

Properties

Trust

55,000

7.500%, 

9/15/2025

55,741

28,000

5.250%, 

2/15/2026

27,087

65,000

8.625%, 

11/15/2031

c

69,318

Simon

Property

Group,

LP

343,000

3.800%, 

7/15/2050

262,246

SLM

Corporation

60,000

4.200%, 

10/29/2025

58,551

Societe

Generale

SA

354,000

4.750%, 

11/24/2025

c

347,148

Sumitomo

Mitsui

Financial

Group,

Inc.

336,000

3.010%, 

10/19/2026

319,039

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Financials

(0.8%)

-

continued

$

329,000

5.710%, 

1/13/2030

$

339,517

275,000

1.710%, 

1/12/2031

220,599

Synchrony

Financial

59,000

7.250%, 

2/2/2033

58,576

Synovus

Bank

250,000

5.625%, 

2/15/2028

242,775

Toronto-Dominion

Bank

293,000

5.523%, 

7/17/2028

299,234

Truist

Financial

Corporation

227,000

6.047%, 

6/8/2027

e

230,064

160,000

5.125%, 

12/15/2027

e,j

144,509

266,000

5.122%, 

1/26/2034

e

256,032

137,000

5.711%, 

1/24/2035

e

137,591

U.S.

Bancorp

224,000

5.727%, 

10/21/2026

e

225,212

348,000

5.775%, 

6/12/2029

e

354,073

88,000

5.836%, 

6/12/2034

e

89,694

146,000

5.678%, 

1/23/2035

e

147,421

UBS

Group

AG

550,000

2.193%, 

6/5/2026

c,e

527,307

328,000

6.246%, 

9/22/2029

c,e

338,401

278,000

3.091%, 

5/14/2032

c,e

236,458

200,000

5.699%, 

2/8/2035

c,e

201,012

UDR,

Inc.

400,000

2.100%, 

8/1/2032

313,623

United

Wholesale

Mortgage,

LLC

38,000

5.500%, 

11/15/2025

c

37,657

95,000

5.500%, 

4/15/2029

c

89,851

UnitedHealth

Group,

Inc.

224,000

5.875%, 

2/15/2053

242,347

337,000

4.750%, 

5/15/2052

312,544

Vornado

Realty,

LP

42,000

3.400%, 

6/1/2031

33,240

Wells

Fargo

&

Company

199,000

3.000%, 

4/22/2026

190,312

350,000

3.000%, 

10/23/2026

331,323

338,000

3.526%, 

3/24/2028

e

321,705

550,000

2.393%, 

6/2/2028

e

503,417

234,000

5.574%, 

7/25/2029

e

236,773

185,000

5.389%, 

4/24/2034

e

183,848

310,000

4.900%, 

11/17/2045

278,878

Willis

North

America,

Inc.

450,000

4.650%, 

6/15/2027

442,749

XHR,

LP

61,000

6.375%, 

8/15/2025

c

61,077

66,000

4.875%, 

6/1/2029

c

61,107

Total

57,514,954

Foreign

Government

(<0.1%)

NBN

Company,

Ltd.

350,000

2.625%, 

5/5/2031

c

297,720

Total

297,720

Mortgage-Backed

Securities

(2.8%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

3,168,902

2.000%, 

1/1/2052

2,538,748

2,353,663

2.000%, 

5/1/2051

1,885,661

4,635,182

2.500%, 

5/1/2051

3,871,377

1,837,919

3.500%, 

5/1/2052

1,645,741

3,093,632

4.000%, 

5/1/2052

2,888,270

4,697,635

3.500%, 

6/1/2052

4,209,402

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

255

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Mortgage-Backed

Securities

(2.8%)

-

continued

$

1,876,663

5.000%, 

7/1/2053

$

1,843,019

952,993

5.500%, 

7/1/2053

955,128

2,463,291

3.500%, 

8/1/2052

2,220,710

1,922,249

5.000%, 

8/1/2053

1,893,793

2,820,443

5.500%, 

9/1/2053

2,832,697

Federal

Home

Loan

Mortgage

Corporation

Gold

15-Yr.

Pass

Through

1,551,883

2.500%, 

7/1/2030

1,458,782

Federal

National

Mortgage

Association

Conventional

15-Yr.

Pass

Through

2,700,000

4.500%, 

4/1/2039

f

2,658,115

Federal

National

Mortgage

Association

Conventional

20-Yr.

Pass

Through

1,910,305

3.000%, 

12/1/2036

1,756,082

1,905,654

3.000%, 

8/1/2038

1,763,742

2,904,728

3.500%, 

5/1/2040

2,718,329

2,724,646

2.500%, 

4/1/2042

2,366,945

935,583

2.000%, 

5/1/2042

790,998

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

7,721,709

3.000%, 

1/1/2052

6,697,570

936,366

2.000%, 

2/1/2051

750,390

605,551

2.000%, 

2/1/2051

485,279

3,463,078

2.500%, 

2/1/2051

2,864,666

2,978,281

2.500%, 

2/1/2051

2,485,973

10,208,951

2.000%, 

3/1/2051

8,109,877

1,456,590

2.000%, 

3/1/2051

1,159,091

5,453,677

4.000%, 

3/1/2051

5,145,390

7,941,257

3.000%, 

3/1/2052

6,853,564

6,735,929

2.000%, 

4/1/2051

5,361,580

4,710,133

3.000%, 

4/1/2051

4,074,846

4,876,351

3.000%, 

5/1/2050

4,243,288

1,128,052

2.000%, 

5/1/2051

899,647

3,757,381

3.000%, 

5/1/2051

3,299,003

3,079,882

3.000%, 

6/1/2050

2,718,902

1,268,772

4.000%, 

6/1/2052

1,176,784

1,371,260

5.000%, 

6/1/2053

1,349,618

5,136,428

2.500%, 

7/1/2051

4,304,896

1,236,289

3.500%, 

7/1/2051

1,123,413

3,652,927

4.000%, 

7/1/2052

3,388,288

1,142,508

2.500%, 

8/1/2050

964,689

1,987,481

3.500%, 

8/1/2050

1,810,417

6,421,738

4.500%, 

8/1/2052

6,139,686

2,632,540

5.000%, 

8/1/2053

2,590,994

1,198,877

2.500%, 

9/1/2051

1,005,388

1,008,996

3.500%, 

9/1/2052

f

908,188

1,785,288

3.500%, 

9/1/2052

1,606,920

2,174,396

5.000%, 

9/1/2052

2,126,770

3,396,667

4.500%, 

9/1/2053

3,239,567

2,006,456

4.500%, 

9/1/2053

1,923,334

5,180,169

4.000%, 

10/1/2052

4,815,083

1,112,773

2.000%, 

11/1/2051

888,636

4,530,682

2.000%, 

12/1/2050

3,625,262

10,084,275

2.500%, 

12/1/2051

8,404,262

6,273,997

4.500%, 

12/1/2052

6,018,665

4,350,000

6.000%, 

4/1/2041

f

4,389,602

3,900,000

5.500%, 

4/1/2042

f

3,880,642

8,500,000

3.000%, 

4/1/2048

f

7,311,795

9,400,000

3.500%, 

4/1/2049

f

8,411,847

2,000,000

4.000%, 

4/1/2049

f

1,852,003

2,900,000

4.500%, 

4/1/2049

f

2,761,445

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Mortgage-Backed

Securities

(2.8%)

-

continued

$

8,925,000

5.000%, 

4/1/2049

f

$

8,707,794

Federal

National

Mortgage

Association

Conventional

40-Yr.

Pass

Through

6,046,089

2.500%, 

3/1/2062

4,839,044

1,304,160

3.500%, 

7/1/2061

1,144,557

2,678,073

4.000%, 

12/1/2061

2,449,986

Total

198,606,180

Technology

(0.2%)

Advanced

Micro

Devices,

Inc.

225,000

4.393%, 

6/1/2052

199,505

Analog

Devices,

Inc.

525,000

2.950%, 

10/1/2051

356,032

Apple,

Inc.

292,000

2.650%, 

2/8/2051

192,258

735,000

3.750%, 

9/12/2047

605,962

AthenaHealth

Group,

Inc.

169,000

6.500%, 

2/15/2030

b,c

154,571

Broadcom,

Inc.

121,000

3.469%, 

4/15/2034

c

103,686

452,000

3.137%, 

11/15/2035

c

365,171

500,000

3.187%, 

11/15/2036

c

397,926

250,000

4.926%, 

5/15/2037

c

237,267

Cisco

Systems,

Inc.

103,000

5.300%, 

2/26/2054

105,728

106,000

4.950%, 

2/26/2031

106,936

Cloud

Software

Group,

Inc.

305,000

6.500%, 

3/31/2029

c

289,433

113,000

9.000%, 

9/30/2029

c

108,380

CommScope,

Inc.

90,000

7.125%, 

7/1/2028

c

35,601

Consensus

Cloud

Solutions,

Inc.

29,000

6.000%, 

10/15/2026

c

27,563

CoreLogic,

Inc.

35,000

4.500%, 

5/1/2028

c

31,383

Dell

International,

LLC/EMC

Corporation

243,000

6.020%, 

6/15/2026

246,106

Dell,

Inc.

196,000

6.500%, 

4/15/2038

209,976

Fiserv,

Inc.

100,000

2.250%, 

6/1/2027

91,862

220,000

2.650%, 

6/1/2030

191,548

215,000

5.350%, 

3/15/2031

217,507

195,000

5.600%, 

3/2/2033

198,806

Gen

Digital,

Inc.

5,000

6.750%, 

9/30/2027

c

5,072

70,000

7.125%, 

9/30/2030

c

71,921

Global

Payments,

Inc.

337,000

5.300%, 

8/15/2029

335,393

II-VI,

Inc.

58,000

5.000%, 

12/15/2029

c

54,627

Intel

Corporation

212,000

5.600%, 

2/21/2054

216,006

Iron

Mountain,

Inc.

296,000

4.875%, 

9/15/2029

c

277,704

190,000

5.250%, 

7/15/2030

c

179,736

182,000

4.500%, 

2/15/2031

c

164,207

KLA

Corporation

338,000

3.300%, 

3/1/2050

248,101

Marvell

Technology,

Inc.

54,000

5.950%, 

9/15/2033

55,961

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

256

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Technology

(0.2%)

-

continued

Mastercard,

Inc.

$

265,000

3.950%, 

2/26/2048

$

224,840

McAfee

Corporation

58,000

7.375%, 

2/15/2030

c

53,189

Microchip

Technology,

Inc.

47,000

5.050%, 

3/15/2029

47,007

Micron

Technology,

Inc.

119,000

5.300%, 

1/15/2031

119,688

Microsoft

Corporation

145,000

3.041%, 

3/17/2062

101,011

362,000

2.500%, 

9/15/2050

c

233,842

335,000

3.700%, 

8/8/2046

285,601

NCR

Atleos

Corporation

47,000

9.500%, 

4/1/2029

c

50,272

NCR

Voyix

Corporation

182,000

5.125%, 

4/15/2029

c

168,796

Neptune

Bidco

US,

Inc.

119,000

9.290%, 

4/15/2029

c

112,523

Newfold

Digital

Holdings

Group,

Inc.

35,000

11.750%, 

10/15/2028

c

37,884

NXP

BV/NXP

Funding,

LLC

150,000

5.550%, 

12/1/2028

152,300

NXP

BV/NXP

Funding,

LLC/NXP

USA,

Inc.

106,000

4.300%, 

6/18/2029

102,140

250,000

3.250%, 

5/11/2041

185,664

Open

Text

Corporation

102,000

3.875%, 

12/1/2029

c

90,882

220,000

4.125%, 

2/15/2030

c

197,093

Oracle

Corporation

224,000

6.900%, 

11/9/2052

257,746

245,000

6.150%, 

11/9/2029

258,214

450,000

3.850%, 

7/15/2036

383,667

624,000

4.000%, 

7/15/2046

491,568

Pitney

Bowes,

Inc.

29,000

6.875%, 

3/15/2027

c

26,480

PTC,

Inc.

161,000

3.625%, 

2/15/2025

c

157,638

80,000

4.000%, 

2/15/2028

c

74,765

RingCentral,

Inc.

121,000

8.500%, 

8/15/2030

c

125,808

Roper

Technologies,

Inc.

273,000

1.750%, 

2/15/2031

219,783

S&P

Global,

Inc.

54,000

5.250%, 

9/15/2033

c

55,179

Seagate

HDD

Cayman

71,000

8.500%, 

7/15/2031

c

76,727

136,560

9.625%, 

12/1/2032

155,583

Sensata

Technologies

BV

200,000

4.000%, 

4/15/2029

c

182,617

Sensata

Technologies,

Inc.

139,000

3.750%, 

2/15/2031

c

120,235

Shift4

Payments,

LLC/Shift4

Payments

Finance

Sub,

Inc.

60,000

4.625%, 

11/1/2026

c

58,011

SK

Hynix,

Inc.

200,000

5.500%, 

1/16/2027

c

199,979

SS&C

Technologies,

Inc.

166,000

5.500%, 

9/30/2027

c

162,308

Texas

Instruments,

Inc.

224,000

5.050%, 

5/18/2063

218,149

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Technology

(0.2%)

-

continued

UKG,

Inc.

$

117,000

6.875%, 

2/1/2031

c

$

119,191

Viavi

Solutions,

Inc.

128,000

3.750%, 

10/1/2029

c

109,823

Visa,

Inc.

466,000

2.700%, 

4/15/2040

349,211

VMware,

LLC

206,000

4.650%, 

5/15/2027

202,502

300,000

2.200%, 

8/15/2031

244,136

Xerox

Holdings

Corporation

15,000

5.000%, 

8/15/2025

c

14,801

86,000

5.500%, 

8/15/2028

c

78,300

Total

12,587,088

Transportation

(0.1%)

American

Airlines

Group,

Inc.

42,000

3.750%, 

3/1/2025

c

40,834

American

Airlines,

Inc.

82,000

8.500%, 

5/15/2029

c

86,629

American

Airlines,

Inc./

AAdvantage

Loyalty

IP,

Ltd.

352,500

5.500%, 

4/20/2026

c

350,099

Avis

Budget

Car

Rental,

LLC/Avis

Budget

Finance,

Inc.

76,000

5.375%, 

3/1/2029

c

70,831

Burlington

Northern

Santa

Fe,

LLC

309,000

2.875%, 

6/15/2052

202,321

214,000

5.750%, 

5/1/2040

225,995

240,000

4.450%, 

3/15/2043

215,889

Canadian

Pacific

Railway

Company

225,000

4.700%, 

5/1/2048

200,778

CSX

Corporation

360,000

3.800%, 

4/15/2050

281,128

Delta

Air

Lines,

Inc./SkyMiles

IP,

Ltd.

456,000

4.750%, 

10/20/2028

c

445,994

ERAC

USA

Finance,

LLC

224,000

5.400%, 

5/1/2053

c

224,852

Hawaiian

Brand

Intellectual

Property,

Ltd.

92,000

5.750%, 

1/20/2026

c

86,338

Hertz

Corporation

65,000

4.625%, 

12/1/2026

c

58,990

73,000

5.000%, 

12/1/2029

b,c

56,412

Mileage

Plus

Holdings,

LLC

366,600

6.500%, 

6/20/2027

c

368,622

Penske

Truck

Leasing

Company,

LP/PTL

Finance

Corporation

220,000

5.750%, 

5/24/2026

c

221,592

Rand

Parent,

LLC

125,000

8.500%, 

2/15/2030

b,c

123,782

RXO,

Inc.

146,000

7.500%, 

11/15/2027

c

149,833

Southwest

Airlines

Company

350,000

2.625%, 

2/10/2030

304,392

Spirit

Loyalty

Cayman,

Ltd.

41,000

8.000%, 

9/20/2025

c

31,124

Stena

International

SA

94,000

7.250%, 

1/15/2031

c

93,761

Union

Pacific

Corporation

449,000

2.973%, 

9/16/2062

281,072

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

257

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Transportation

(0.1%)

-

continued

United

Airlines,

Inc.

$

134,000

4.375%, 

4/15/2026

c

$

129,543

VistaJet

Malta

Finance

plc/Vista

Management

Holding,

Inc.

36,000

7.875%, 

5/1/2027

c

30,435

158,000

6.375%, 

2/1/2030

b,c

116,465

Total

4,397,711

U.S.

Government

&

Agencies

(3.1%)

U.S.

Treasury

Bonds

1,500,000

2.875%, 

5/15/2052

1,134,961

1,151,000

3.625%, 

5/15/2053

1,011,261

680,000

1.625%, 

11/15/2050

384,067

4,000,000

4.750%, 

11/15/2053

4,270,000

5,830,000

5.250%, 

11/15/2028

6,068,666

2,050,000

4.375%, 

5/15/2040

2,060,891

7,430,000

1.375%, 

11/15/2040

4,777,838

11,465,000

3.000%, 

5/15/2042

9,383,834

2,500,000

3.250%, 

5/15/2042

2,125,098

25,124,000

2.500%, 

5/15/2046

18,124,611

16,725,000

2.875%, 

5/15/2049

12,722,106

U.S.

Treasury

Notes

6,200,000

3.875%, 

3/31/2025

6,130,013

43,700,000

2.875%, 

5/31/2025

42,675,781

2,500,000

4.250%, 

12/31/2025

2,479,395

12,650,000

2.625%, 

1/31/2026

12,194,402

2,500,000

0.500%, 

2/28/2026

2,310,644

25,060,000

2.500%, 

2/28/2026

24,071,305

100,000

4.625%, 

2/28/2026

99,918

20,005,000

2.250%, 

11/15/2027

18,607,776

10,550,000

3.875%, 

12/31/2027

10,379,799

300,000

0.750%, 

1/31/2028

262,477

3,200,000

3.625%, 

3/31/2028

3,119,500

18,050,000

2.875%, 

5/15/2028

17,080,517

2,500,000

3.750%, 

12/31/2028

2,446,680

160,000

1.375%, 

11/15/2031

130,687

4,400,000

4.125%, 

11/15/2032

4,369,922

1,400,000

3.500%, 

2/15/2033

1,325,898

7,900,000

4.500%, 

11/15/2033

8,075,281

Total

217,823,328

Utilities

(0.2%)

AES

Corporation

450,000

3.950%, 

7/15/2030

c

409,271

Ameren

Illinois

Company

236,000

4.500%, 

3/15/2049

207,751

American

Electric

Power

Company,

Inc.

205,000

5.200%, 

1/15/2029

205,482

195,000

5.625%, 

3/1/2033

197,974

American

Water

Capital

Corporation

210,000

5.450%, 

3/1/2054

211,791

Appalachian

Power

Company

238,000

3.300%, 

6/1/2027

224,772

Atmos

Energy

Corporation

164,000

5.900%, 

11/15/2033

173,971

Berkshire

Hathaway

Energy

Company

375,000

4.500%, 

2/1/2045

336,130

Calpine

Corporation

135,000

4.500%, 

2/15/2028

c

128,044

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Utilities

(0.2%)

-

continued

CenterPoint

Energy

Resources

Corporation

$

350,000

1.750%, 

10/1/2030

$

287,423

CenterPoint

Energy,

Inc.

126,000

4.250%, 

11/1/2028

120,129

Commonwealth

Edison

Company

355,000

3.700%, 

3/1/2045

279,960

Consolidated

Edison

Company

of

New

York,

Inc.

168,000

4.500%, 

12/1/2045

147,367

450,000

4.125%, 

5/15/2049

367,692

Constellation

Energy

Generation,

LLC

108,000

6.125%, 

1/15/2034

114,037

Consumers

Energy

Company

367,000

4.350%, 

4/15/2049

320,518

DTE

Electric

Company

265,000

3.700%, 

3/15/2045

211,208

360,000

3.700%, 

6/1/2046

280,596

Duke

Energy

Carolinas,

LLC

340,000

3.700%, 

12/1/2047

257,818

Duke

Energy

Indiana,

LLC

295,000

3.750%, 

5/15/2046

231,419

Edison

International

318,000

5.750%, 

6/15/2027

322,191

Eversource

Energy

281,000

4.750%, 

5/15/2026

278,086

Exelon

Corporation

275,000

4.700%, 

4/15/2050

240,848

336,000

4.450%, 

4/15/2046

286,789

FirstEnergy

Corporation

281,000

5.100%, 

7/15/2047

246,678

Georgia

Power

Company

190,000

4.950%, 

5/17/2033

187,335

102,000

5.250%, 

3/15/2034

103,030

ITC

Holdings

Corporation

224,000

5.300%, 

7/1/2043

211,450

Jersey

Central

Power

&

Light

Company

200,000

2.750%, 

3/1/2032

c

166,182

MidAmerican

Energy

Company

253,000

5.850%, 

9/15/2054

269,944

National

Rural

Utilities

Cooperative

Finance

Corporation

138,000

3.700%, 

3/15/2029

130,526

NextEra

Energy

Capital

Holdings,

Inc.

215,000

5.749%, 

9/1/2025

215,923

NextEra

Energy

Operating

Partners,

LP

214,000

3.875%, 

10/15/2026

c

199,579

NiSource

Finance

Corporation

415,000

5.650%, 

2/1/2045

411,130

NRG

Energy,

Inc.

50,000

3.375%, 

2/15/2029

c

44,421

337,000

4.450%, 

6/15/2029

c

318,574

80,000

5.250%, 

6/15/2029

c

76,481

Pacific

Gas

and

Electric

Company

250,000

3.300%, 

12/1/2027

232,308

213,000

5.550%, 

5/15/2029

214,860

199,000

4.550%, 

7/1/2030

189,154

215,000

6.950%, 

3/15/2034

235,374

102,000

5.800%, 

5/15/2034

102,944

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

258

Principal

Amount

Long-Term

Fixed

Income

(9.6%)

Value

Utilities

(0.2%)

-

continued

PG&E

Corporation

$

160,000

5.000%, 

7/1/2028

$

154,090

PPL

Electric

Utilities

Corporation

204,000

3.950%, 

6/1/2047

165,422

Public

Service

Company

of

Colorado

267,000

4.500%, 

6/1/2052

224,342

Public

Service

Enterprise

Group,

Inc.

218,000

5.875%, 

10/15/2028

224,460

San

Diego

Gas

&

Electric

Company

500,000

4.150%, 

5/15/2048

417,854

Southern

California

Edison

Company

346,000

4.000%, 

4/1/2047

273,849

Southern

Company

450,000

5.113%, 

8/1/2027

450,244

Southern

Company

Gas

Capital

Corporation

140,000

4.400%, 

5/30/2047

116,415

Southwestern

Electric

Power

Company

180,000

3.900%, 

4/1/2045

138,125

Talen

Energy

Supply,

LLC

116,000

8.625%, 

6/1/2030

c

124,045

TerraForm

Power

Operating,

LLC

235,000

5.000%, 

1/31/2028

c

223,817

Virginia

Electric

and

Power

Company

77,000

5.350%, 

1/15/2054

75,477

284,000

4.600%, 

12/1/2048

248,976

Vistra

Operations

Company,

LLC

315,000

5.125%, 

5/13/2025

c

312,214

354,000

5.000%, 

7/31/2027

c

342,788

Xcel

Energy,

Inc.

163,000

4.600%, 

6/1/2032

153,278

Total

13,042,556

Total

Long-Term

Fixed

Income

(cost

$715,594,960)

668,949,642

Shares

Private

Equity

Funds

(

0.3%

)

Value

Secondary

(0.3%)

1

ASF

IX,

LP

*,a,l

4,709,506

1

Crown

Global

Secondaries

VI

Feeder

SA,

SICAV-RAIF

*,a,l

823,291

1

LCP

X

(Offshore),

LP

*,a,l

19,582,321

Total

25,115,118

Total

Private

Equity

Funds

(cost

$19,403,175)

25,115,118

Shares

Collateral

Held

for

Securities

Loaned

(

0.1%

)

Value

4,503,046

Thrivent

Cash

Management

Trust

4,503,046

Total

Collateral

Held

for

Securities

Loaned

(cost

$4,503,046)

4,503,046

Shares

or

Principal

Amount

Short-Term

Investments

(

10.4%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

4,500,000

5.223%,

4/3/2024

m,n

$

4,496,115

8,300,000

5.210%,

4/10/2024

m,n

8,284,474

24,800,000

5.205%,

4/12/2024

m,n

24,746,473

4,400,000

5.214%,

4/17/2024

m,n

4,387,338

4,300,000

5.207%,

4/26/2024

m,n

4,282,057

100,000

5.240%,

5/3/2024

m,n

99,478

900,000

5.230%,

5/8/2024

m,n

894,650

1,700,000

5.210%,

5/21/2024

m,n

1,686,689

700,000

5.239%,

5/22/2024

m,n

694,418

300,000

5.240%,

5/31/2024

m,n

297,216

2,300,000

5.229%,

6/7/2024

m,n

2,276,571

1,300,000

5.235%,

6/20/2024

m,n

1,284,333

Thrivent

Core

Short-Term

Reserve

Fund

67,459,053

5.590%

674,590,526

Total

Short-Term

Investments

(cost

$727,958,027)

728,020,338

Total

Investments

(cost

$5,573,640,809)

100.6%

$7,033,910,822

Other

Assets

and

Liabilities,

Net

(0.6%)

(41,824,968)

Total

Net

Assets

100.0%

$

6,992,085,854

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

c

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

March

28,

2024,

the

value

of

these

investments

was

$102,482,187

or

1.5%

of

total

net

assets.

d

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

March

28,

2024.

e

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

March

28,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

f

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

g

Denotes

interest

only

security.  Interest

only

securities

represent

the

right

to

receive

monthly

interest

payments

on

an

underlying

pool

of

mortgages

or

assets.  The

principal

shown

is

the

outstanding

par

amount

of

the

pool

as

of

the

end

of

the

period.

The

actual

effective

yield

of

the

security

is

different

than

the

stated

coupon

rate.

h

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

i

Denotes

payment-in-kind

security.  The

security

may

pay

an

interest

or

dividend

payment

with

additional

fixed

income

or

equity

securities

in

lieu

of,

or

in

addition

to

a

cash

payment.  The

cash

rate

and/or

payment-in-kind

rate

shown

are

as

of

March

28,

2024.

j

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

k

Defaulted

security.  Interest

is

not

being

accrued.

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

259

l

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

m

The

interest

rate

shown

reflects

the

yield.

n

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Moderately

Aggressive

Allocation

Portfolio

as

of

March

28,

2024

was

$25,115,118

or

0.36%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

March

28,

2024.

Security

Acquisition

Date

Cost

ASF

IX,

LP 

3/18/2024

$

3,284,063

Crown

Global

Secondaries

VI

Feeder

SA,

SICAV-RAIF 

2/15/2024

800,000

LCP

X

(Offshore),

LP 

10/25/2023

15,319,112

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Moderately

Aggressive

Allocation

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

4,134,225

Common

Stock

193,829

Total

lending

$4,328,054

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$4,503,046

Net

amounts

due

to

counterparty

$174,992

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

CLO

-

Collateralized

Loan

Obligation

ETF

-

Exchange

Traded

Fund

PIK

-

Payment-In-Kind

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Reference

Rate

Index:

LIBOR

1M

-

ICE

Libor

USD

Rate

1

Month

SOFR30A

-

Secured

Overnight

Financing

Rate

30

Year

Average

TSFR1M

-

CME

Term

SOFR

1

Month

TSFR3M

-

CME

Term

SOFR

3

Month

USISOA05

-

USD

SOFR

Spread-Adjusted

ICE

Swap

Rate

5

Year

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

260

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Moderately

Aggressive

Allocation

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Registered

Investment

Companies

U.S.

Affiliated

2,947,475,490

2,947,475,490

–

–

U.S.

Unaffiliated

46,940,220

46,940,220

–

–

Common

Stock

Communications

Services

149,546,102

149,497,377

48,725

–

Consumer

Discretionary

257,834,383

257,834,383

–

–

Consumer

Staples

77,929,164

77,929,164

–

–

Energy

69,315,930

69,315,930

–

–

Financials

283,237,981

283,237,981

–

–

Health

Care

251,921,621

251,921,621

–

–

Industrials

277,090,117

271,011,120

6,078,997

–

Information

Technology

612,608,006

611,068,127

1,539,879

–

Materials

55,975,303

54,960,726

1,014,577

–

Real

Estate

73,027,067

73,027,067

–

–

Utilities

31,448,626

31,448,626

–

–

Long-Term

Fixed

Income

Asset-Backed

Securities

15,128,005

–

15,128,005

–

Basic

Materials

6,047,163

–

6,047,163

–

Capital

Goods

12,528,182

–

12,528,182

–

Collateralized

Mortgage

Obligations

29,448,990

–

29,448,990

–

Commercial

Mortgage-Backed

Securities

21,271,873

–

21,271,873

–

Communications

Services

19,989,433

–

19,989,433

–

Consumer

Cyclical

19,705,544

–

19,705,544

–

Consumer

Non-Cyclical

22,746,242

–

22,746,242

–

Energy

17,814,673

–

17,814,673

–

Financials

57,514,954

–

57,514,954

–

Foreign

Government

297,720

–

297,720

–

Mortgage-Backed

Securities

198,606,180

–

198,606,180

–

Technology

12,587,088

–

12,587,088

–

Transportation

4,397,711

–

4,397,711

–

U.S.

Government

&

Agencies

217,823,328

–

217,823,328

–

Utilities

13,042,556

–

13,042,556

–

Private

Equity

Funds

Secondary

25,115,118

–

–

25,115,118

Short-Term

Investments

53,429,812

–

53,429,812

–

Subtotal

Investments

in

Securities

$5,881,844,582

$5,125,667,832

$731,061,632

$25,115,118

Other

Investments  *

Total

Affiliated

Short-Term

Investments

674,590,526

U.S.

Affiliated

Registered

Investment

Cos.

472,972,668

Collateral

Held

for

Securities

Loaned

4,503,046

Subtotal

Other

Investments

$1,152,066,240

Total

Investments

at

Value

$7,033,910,822

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Moderately

Aggressive

Allocation

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

19,797,238

19,797,238

–

–

Total

Asset

Derivatives

$19,797,238

$19,797,238

$–

$–

Liability

Derivatives

Futures

Contracts

21,078,672

21,078,672

–

–

Total

Liability

Derivatives

$21,078,672

$21,078,672

$–

$–

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

261

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

S&P

-

Standard

&

Poor's

The

following

table

presents

Moderately

Aggressive

Allocation

Portfolio's

futures

contracts

held

as

of

March

28,

2024.

Investments

and/or

cash

totaling

$48,636,675

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Amount

Value

and

Unrealized

CBOT

10-Yr.

U.S.

Treasury

Note

292

June

2024

$

32,243,998

$

108,691

CBOT

2-Yr.

U.S.

Treasury

Note

665

June

2024

136,158,192

(

176,079)

CBOT

5-Yr.

U.S.

Treasury

Note

576

June

2024

61,570,512

70,491

CBOT

U.S.

Long

Bond

157

June

2024

18,696,621

212,066

CME

E-mini

Russell

2000

Index

35

June

2024

3,687,698

67,627

CME

E-mini

S&P

500

Index

4,272

June

2024

1,116,121,927

17,773,673

CME

E-mini

S&P

Mid-Cap

400

Index

6

June

2024

1,791,040

55,400

CME

Ultra

Long

Term

U.S.

Treasury

Bond

198

June

2024

25,290,437

251,563

Ultra

10-Yr.

U.S.

Treasury

Note

185

June

2024

21,106,411

96,324

Total

Futures

Long

Contracts

$

1,416,666,836

$

18,459,756

CME

E-mini

Russell

2000

Index

(2,322)

June

2024

(

$

245,115,118)

(

$

4,023,871)

CME

E-mini

S&P

Mid-Cap

400

Index

(1,929)

June

2024

(

578,399,621)

(

15,230,839)

CME

Euro

Foreign

Exchange

Currency

(525)

June

2024

(

72,152,152)

1,136,058

Eurex

Euro

STOXX

50

Index

(1,344)

June

2024

(

71,547,055)

(

1,647,883)

ICE

mini

MSCI

EAFE

Index

(149)

June

2024

(

17,583,886)

23,491

ICE

US

mini

MSCI

Emerging

Markets

Index

(13)

June

2024

(

683,704)

1,854

Total

Futures

Short

Contracts

(

$

985,481,536)

($19,741,190)

Total

Futures

Contracts

$

431,185,300

($1,281,434)

Moderately

Aggressive

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

262

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Moderately

Aggressive

Allocation

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$57,662

$840

$1,960

$57,028

7,075

0.8%

Core

Emerging

Markets

Equity

117,140

–

–

122,110

13,433

1.7

Core

International

Equity

67,207

–

–

70,660

6,641

1.0

Core

Low

Volatility

Equity

62,602

–

57,800

5,287

478

0.1

Core

Mid

Cap

Value

104,636

–

–

111,342

9,862

1.6

Core

Small

Cap

Value

100,480

–

–

106,545

10,109

1.5

Global

Stock

562,259

–

–

609,248

40,949

8.7

High

Yield

37,639

569

122

37,947

9,142

0.5

Income

116,583

1,206

1,452

115,033

13,131

1.7

International

Allocation

492,197

–

–

515,332

51,895

7.4

International

Index

47,597

–

–

50,319

3,580

0.7

Large

Cap

Value

727,116

–

–

791,031

33,084

11.3

Limited

Maturity

Bond

67,805

604

1,256

67,243

6,986

1.0

Mid

Cap

Stock

515,129

–

–

576,681

26,196

8.3

Small

Cap

Stock

173,776

–

–

184,641

9,778

2.6

Total

U.S.

Affiliated

Registered

Investment

Companies

3,249,828

3,420,447

48.9

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

735,816

247,298

308,523

674,591

67,459

9.6

Total

Affiliated

Short-Term

Investments

735,816

674,591

9.6

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

5,994

27,343

28,834

4,503

4,503

0.1

Total

Collateral

Held

for

Securities

Loaned

5,994

4,503

0.1

Total

Value

$3,991,638

$4,099,541

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

($510)

$996

$

–

$840

Core

Emerging

Markets

Equity

–

4,970

–

–

Core

International

Equity

–

3,453

–

–

Core

Low

Volatility

Equity

1,702

(1,217)

–

–

Core

Mid

Cap

Value

Fund

–

6,706

–

–

Core

Small

Cap

Value

Fund

–

6,065

–

–

Global

Stock

–

46,989

–

–

High

Yield

(18)

(121)

–

570

Income

(206)

(1,098)

–

1,204

International

Allocation

–

23,135

–

–

International

Index

–

2,722

–

–

Large

Cap

Value

–

63,915

–

–

Limited

Maturity

Bond

(23)

113

–

604

Mid

Cap

Stock

–

61,552

–

–

Small

Cap

Stock

–

10,866

–

–

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

–

–

–

10,230

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$13,448

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

7

Total

Affiliated

Income

from

Securities

Loaned,

Net

$7

Total

Value

$945

$229,046

$

–

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

263

Principal

Amount

Long-Term

Fixed

Income

(

38.0%

)

Value

Asset-Backed

Securities

(0.8%)

510

Asset

Backed

Trust

$

1,900,000

3.967%, 

5/25/2061,

Ser.

2021-NPL1,

Class

A2

a,b

$

1,753,960

720

East

CLO

I,

Ltd.

2,100,000

8.568%, 

(TSFR3M

+

3.250%),

1/20/2036,

Ser.

2022-1A,

Class

B

a,c

2,120,662

750,000

9.568%, 

(TSFR3M

+

4.250%),

1/20/2036,

Ser.

2022-1A,

Class

C

a,c

757,384

Access

Group,

Inc.

168,586

5.935%, 

(SOFR30A

+

0.614%),

2/25/2036,

Ser.

2013-1,

Class

A

a,c

166,512

AMSR

Trust

1,100,000

2.352%, 

6/17/2038,

Ser.

2021-SFR1,

Class

C

a

963,655

1,379,000

2.517%, 

12/17/2038,

Ser.

2021-SFR4,

Class

C

a

1,253,940

Ares

XL

CLO,

Ltd.

2,100,000

8.376%, 

(TSFR3M

+

3.062%),

1/15/2029,

Ser.

2016-40A,

Class

CRR

a,c

2,096,482

Avis

Budget

Rental

Car

Funding

AESOP,

LLC

562,000

5.360%, 

6/20/2030,

Ser.

2024-1A,

Class

A

a

564,783

CMFT

Net

Lease

Master

Issuer,

LLC

1,316,844

2.090%, 

7/20/2051,

Ser.

2021-1,

Class

A1

a

1,132,319

Commonbond

Student

Loan

Trust

133,132

5.944%, 

(TSFR1M

+

0.614%),

2/25/2044,

Ser.

2018-AGS,

Class

A2

a,c

130,749

Drive

Auto

Receivables

Trust

1,300,000

1.390%, 

3/15/2029,

Ser.

2021-2,

Class

D

1,244,484

Dryden

36

Senior

Loan

Fund

1,800,000

7.626%, 

(TSFR3M

+

2.312%),

4/15/2029,

Ser.

2014-36A,

Class

CR3

a,c

1,799,897

Foundation

Finance

Trust

748,875

1.270%, 

5/15/2041,

Ser.

2021-1A,

Class

A

a

680,234

FRTKL

Trust

2,350,000

1.922%, 

9/17/2038,

Ser.

2021-SFR1,

Class

C

a

2,135,323

Goodgreen

1,362,488

3.860%, 

10/15/2054,

Ser.

2019-1A,

Class

A

a

1,223,168

Home

Partners

of

America

Trust

2,499,743

2.302%, 

12/17/2026,

Ser.

2021-2,

Class

B

a

2,283,052

2,042,589

2.078%, 

9/17/2041,

Ser.

2021-1,

Class

C

a

1,694,501

Laurel

Road

Prime

Student

Loan

Trust

670,799

5.920%, 

11/25/2043,

Ser.

2018-D,

Class

A

a,c

623,777

Longfellow

Place

CLO,

Ltd.

460,574

7.876%, 

(TSFR3M

+

2.562%),

4/15/2029,

Ser.

2013-1A,

Class

CR3

a,c

460,513

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Asset-Backed

Securities

(0.8%)

-

continued

National

Collegiate

Trust

$

498,427

5.739%, 

(LIBOR

1M

+

0.295%),

5/25/2031,

Ser.

2007-A,

Class

A

a,c

$

485,776

Oak

Street

Investment

1,702,829

1.850%, 

11/20/2050,

Ser.

2020-1A,

Class

A1

a

1,579,349

Pretium

Mortgage

Credit

Partners,

LLC

1,046,387

5.240%, 

4/25/2052,

Ser.

2022-NPL2,

Class

A1

a,b

1,029,440

599,654

5.240%, 

9/27/2060,

Ser.

2021-NPL1,

Class

A1

a,b

590,353

Progress

Residential

Trust

1,100,000

3.350%, 

2/17/2041,

Ser.

2024-SFR1,

Class

A

a

1,013,129

Renaissance

Home

Equity

Loan

Trust

2,167,539

5.580%, 

11/25/2036,

Ser.

2006-3,

Class

AF2

b

720,218

Saxon

Asset

Securities

Trust

860,035

3.243%, 

8/25/2035,

Ser.

2004-2,

Class

MF2

c

719,159

VCAT

Asset

Securitization,

LLC

1,168,612

4.826%, 

12/26/2050,

Ser.

2021-NPL1,

Class

A2

a,b

1,166,340

Vericrest

Opportunity

Loan

Transferee

795,694

4.893%, 

2/27/2051,

Ser.

2021-NPL2,

Class

A1

a,b

772,164

903,711

4.949%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A2

a,b

804,770

606,089

5.116%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A1

a,b

589,682

825,000

5.438%, 

12/26/2051,

Ser.

2021-NP12,

Class

A2

a,b

698,632

Wind

River

CLO,

Ltd.

1,275,000

7.579%, 

(TSFR3M

+

2.262%),

7/20/2030,

Ser.

2013-1A,

Class

BRR

a,c

1,274,980

Total

34,529,387

Basic

Materials

(0.3%)

Anglo

American

Capital

plc

675,000

3.875%, 

3/16/2029

a

631,485

ATI,

Inc.

272,000

7.250%, 

8/15/2030

281,145

Axalta

Coating

Systems

Dutch

Holding

B

BV

238,000

7.250%, 

2/15/2031

a

247,569

Baffinland

Iron

Mines

Corporation/

Baffinland

Iron

Mines,

LP

54,000

8.750%, 

7/15/2026

a

49,803

Cascades,

Inc./Cascades

USA,

Inc.

316,000

5.125%, 

1/15/2026

a

309,743

Chemours

Company

573,000

5.750%, 

11/15/2028

a

528,362

Cleveland-Cliffs,

Inc.

360,000

5.875%, 

6/1/2027

359,360

230,000

4.625%, 

3/1/2029

a

214,407

Consolidated

Energy

Finance

SA

785,000

5.625%, 

10/15/2028

a

658,803

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

264

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Basic

Materials

(0.3%)

-

continued

EIDP,

Inc.

$

536,000

4.500%, 

5/15/2026

$

529,828

First

Quantum

Minerals,

Ltd.

724,000

6.875%, 

10/15/2027

a

694,146

FMC

Corporation

519,000

5.150%, 

5/18/2026

515,704

Glencore

Funding,

LLC

536,000

3.375%, 

9/23/2051

a

366,867

765,000

4.000%, 

3/27/2027

a

739,514

515,000

6.125%, 

10/6/2028

a

532,185

Hecla

Mining

Company

175,000

7.250%, 

2/15/2028

175,191

Hudbay

Minerals,

Inc.

410,000

4.500%, 

4/1/2026

a

397,141

Illuminate

Buyer,

LLC/Illuminate

Holdings

IV,

Inc.

352,000

9.000%, 

7/1/2028

a

347,247

Innophos

Holdings,

Inc.

131,000

9.375%, 

2/15/2028

a

109,264

International

Flavors

&

Fragrances,

Inc.

560,000

1.230%, 

10/1/2025

a

524,160

Mercer

International,

Inc.

157,000

5.125%, 

2/1/2029

137,999

Methanex

Corporation

205,000

4.250%, 

12/1/2024

203,225

Mineral

Resources,

Ltd.

82,000

9.250%, 

10/1/2028

a

86,362

Mosaic

Company

463,000

5.375%, 

11/15/2028

468,563

Newmont

Corporation/Newcrest

Finance,

Pty.

Ltd.

183,000

5.350%, 

3/15/2034

a

184,167

Novelis

Corporation

160,000

3.250%, 

11/15/2026

a

149,085

210,000

4.750%, 

1/30/2030

a

193,751

160,000

3.875%, 

8/15/2031

a

137,441

Nutrien,

Ltd.

268,000

4.900%, 

3/27/2028

266,581

OCI

NV

278,000

4.625%, 

10/15/2025

a

271,548

Olin

Corporation

580,000

5.125%, 

9/15/2027

566,587

SCIL

IV,

LLC/SCIL

USA

Holdings,

LLC

274,000

5.375%, 

11/1/2026

a

265,925

Smurfit

Kappa

Treasury,

ULC

500,000

5.777%, 

4/3/2054

a,d

505,748

SNF

Group

SACA

409,000

3.375%, 

3/15/2030

a

354,036

SunCoke

Energy,

Inc.

438,000

4.875%, 

6/30/2029

a

396,567

Taseko

Mines,

Ltd.

479,000

7.000%, 

2/15/2026

a,e

480,960

Tronox,

Inc.

135,000

4.625%, 

3/15/2029

a

121,086

Unifrax

Escrow

Issuer

Corporation

373,000

5.250%, 

9/30/2028

a

240,540

United

States

Steel

Corporation

438,000

6.875%, 

3/1/2029

442,202

Total

13,684,297

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Capital

Goods

(0.7%)

AAR

Escrow

Issuer,

LLC

$

324,000

6.750%, 

3/15/2029

a

$

326,493

Advanced

Drainage

Systems,

Inc.

375,000

6.375%, 

6/15/2030

a

376,941

AECOM

269,000

5.125%, 

3/15/2027

264,253

Amsted

Industries,

Inc.

342,000

5.625%, 

7/1/2027

a

336,864

ARD

Finance

SA

131,000

6.500%, 

6/30/2027

a

43,838

Ardagh

Packaging

Finance

plc/

Ardagh

Holdings

USA,

Inc.

280,000

5.250%, 

8/15/2027

a,e

176,400

294,000

5.250%, 

8/15/2027

a,e

185,220

BAE

Systems

plc

400,000

5.250%, 

3/26/2031

a

401,639

Boeing

Company

1,137,000

5.930%, 

5/1/2060

1,065,977

551,000

5.040%, 

5/1/2027

540,609

1,250,000

5.705%, 

5/1/2040

1,196,427

Bombardier,

Inc.

453,000

7.875%, 

4/15/2027

a

453,317

350,000

6.000%, 

2/15/2028

a

344,286

Brand

Industrial

Services,

Inc.

292,000

10.375%, 

8/1/2030

a

316,138

Builders

FirstSource,

Inc.

265,000

5.000%, 

3/1/2030

a

252,858

Canpack

SA/Canpack

US,

LLC

548,000

3.875%, 

11/15/2029

a

484,953

Carrier

Global

Corporation

567,000

2.700%, 

2/15/2031

487,868

Chart

Industries,

Inc.

411,000

7.500%, 

1/1/2030

a

426,801

Clean

Harbors,

Inc.

548,000

6.375%, 

2/1/2031

a

552,024

Clydesdale

Acquisition

Holdings,

Inc.

55,000

6.625%, 

4/15/2029

a

54,956

110,000

8.750%, 

4/15/2030

a

108,079

CNH

Industrial

NV

365,000

3.850%, 

11/15/2027

350,502

Cornerstone

Building

Brands,

Inc.

283,000

6.125%, 

1/15/2029

a

252,253

Covanta

Holding

Corporation

208,000

4.875%, 

12/1/2029

a

186,420

CP

Atlas

Buyer,

Inc.

455,000

7.000%, 

12/1/2028

a,e

427,021

Crown

Cork

&

Seal

Company,

Inc.

353,000

7.375%, 

12/15/2026

370,339

EMRLD

Borrower,

LP/Emerald

Co-

Issuer,

Inc.

414,000

6.625%, 

12/15/2030

a

417,971

GFL

Environmental,

Inc.

339,000

4.000%, 

8/1/2028

a

312,449

550,000

3.500%, 

9/1/2028

a

503,796

H&E

Equipment

Services,

Inc.

697,000

3.875%, 

12/15/2028

a

638,092

Herc

Holdings,

Inc.

344,000

5.500%, 

7/15/2027

a

337,873

Howmet

Aerospace,

Inc.

805,000

5.950%, 

2/1/2037

833,119

Ingersoll

Rand,

Inc.

128,000

5.700%, 

8/14/2033

131,307

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

265

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Capital

Goods

(0.7%)

-

continued

Lockheed

Martin

Corporation

$

451,000

5.200%, 

2/15/2064

$

445,946

284,000

6.150%, 

9/1/2036

309,678

Mauser

Packaging

Solutions

Holding

Company

283,000

9.250%, 

4/15/2027

a,e

280,746

Miter

Brands

Acquisition

Holdco,

Inc./MIWD

Borrower,

LLC

81,000

6.750%, 

4/1/2032

a

81,277

MIWD

Holdco

II,

LLC

222,000

5.500%, 

2/1/2030

a

204,307

Mueller

Water

Products,

Inc.

232,000

4.000%, 

6/15/2029

a

210,431

Nesco

Holdings

II,

Inc.

425,000

5.500%, 

4/15/2029

a

402,093

New

Enterprise

Stone

and

Lime

Company,

Inc.

531,000

5.250%, 

7/15/2028

a

508,693

Nordson

Corporation

512,000

5.600%, 

9/15/2028

521,476

Northrop

Grumman

Corporation

935,000

3.850%, 

4/15/2045

752,421

OI

European

Group

BV

444,000

4.750%, 

2/15/2030

a

408,789

Owens-Brockway

Glass

Container,

Inc.

221,000

6.625%, 

5/13/2027

a

221,125

Pactiv

Evergreen

Group

320,000

4.375%, 

10/15/2028

a

298,519

PGT

Innovations,

Inc.

426,000

4.375%, 

10/1/2029

a

432,571

Regal

Rexnord

Corporation

670,000

6.050%, 

2/15/2026

a

673,461

Roller

Bearing

Company

of

America,

Inc.

314,000

4.375%, 

10/15/2029

a

287,504

Rolls-Royce

plc

198,000

5.750%, 

10/15/2027

a

198,541

RTX

Corporation

159,000

6.400%, 

3/15/2054

179,886

414,000

4.125%, 

11/16/2028

400,455

775,000

4.450%, 

11/16/2038

698,050

Sealed

Air

Corporation

345,000

6.125%, 

2/1/2028

a

345,716

Smyrna

Ready

Mix

Concrete,

LLC

378,000

8.875%, 

11/15/2031

a

404,041

Spirit

AeroSystems,

Inc.

404,000

9.750%, 

11/15/2030

a

451,901

SRM

Escrow

Issuer,

LLC

235,000

6.000%, 

11/1/2028

a

229,679

Summit

Materials,

LLC/Summit

Materials

Finance

Corporation

108,000

7.250%, 

1/15/2031

a

112,254

Textron,

Inc.

710,000

3.375%, 

3/1/2028

664,729

Titan

Acquisition,

Ltd./Titan

Co-

Borrower,

LLC

180,000

7.750%, 

4/15/2026

a

179,786

Trane

Technologies

Financing,

Ltd.

375,000

3.500%, 

3/21/2026

362,764

TransDigm,

Inc.

704,000

5.500%, 

11/15/2027

689,042

457,000

7.125%, 

12/1/2031

a

470,965

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Capital

Goods

(0.7%)

-

continued

$

378,000

6.625%, 

3/1/2032

a

$

381,890

Triumph

Group,

Inc.

371,000

9.000%, 

3/15/2028

a

391,120

Trivium

Packaging

Finance

203,000

5.500%, 

8/15/2026

a

200,153

173,000

8.500%, 

8/15/2027

a

170,842

United

Rentals

North

America,

Inc.

405,000

4.875%, 

1/15/2028

394,128

360,000

4.000%, 

7/15/2030

327,623

Veralto

Corporation

507,000

5.350%, 

9/18/2028

a

513,580

Waste

Management,

Inc.

515,000

4.875%, 

2/15/2034

511,477

Waste

Pro

USA,

Inc.

205,000

5.500%, 

2/15/2026

a

201,900

WESCO

Distribution,

Inc.

260,000

7.250%, 

6/15/2028

a

265,444

135,000

6.375%, 

3/15/2029

a

136,388

95,000

6.625%, 

3/15/2032

a

96,538

Total

28,175,012

Collateralized

Mortgage

Obligations

(1.7%)

Alternative

Loan

Trust

626,181

6.000%, 

8/1/2036,

Ser.

2006-24CB,

Class

A9

349,149

Angel

Oak

Mortgage

Trust

1,387,106

5.985%, 

1/25/2069,

Ser.

2024-2,

Class

A1

a,b

1,382,225

BINOM

Securitization

Trust

947,643

2.370%, 

6/25/2056,

Ser.

2021-INV1,

Class

A2

a,c

812,638

CHNGE

Mortgage

Trust

1,867,904

7.100%, 

7/25/2058,

Ser.

2023-3,

Class

A1

a,b

1,867,960

2,119,676

6.000%, 

10/25/2057,

Ser.

2022-4,

Class

A1

a,b

2,089,894

Citicorp

Mortgage

Securities,

Inc.

1,041,586

6.000%, 

7/25/2037,

Ser.

2007-6,

Class

1A4

915,228

COLT

Mortgage

Loan

Trust

1,798,414

1.726%, 

11/25/2066,

Ser.

2021-5,

Class

A1

a,c

1,536,483

Countrywide

Alternative

Loan

Trust

762,728

4.009%, 

10/25/2035,

Ser.

2005-43,

Class

4A1

c

616,096

1,079,367

7.000%, 

10/25/2037,

Ser.

2007-24,

Class

A10

388,258

Countrywide

Home

Loans,

Inc.

187,019

5.750%, 

4/25/2037,

Ser.

2007-3,

Class

A27

85,944

Credit

Suisse

Mortgage

Trust

1,300,000

3.346%, 

1/25/2067,

Ser.

2022-ATH1,

Class

A1B

a,c

1,123,325

1,875,000

4.000%, 

2/25/2067,

Ser.

2022-NQM2,

Class

A1B

a,c

1,672,802

1,110,348

6.567%, 

8/25/2067,

Ser.

2022-ATH3,

Class

A3

a,c

1,092,996

1,124,232

2.572%, 

11/25/2066,

Ser.

2022-NQM1,

Class

A2

a,c

946,084

Deutsche

Alt-A

Securities,

Inc.,

Mortgage

Loan

Trust

80,514

6.000%, 

4/25/2024,

Ser.

2006-AR5,

Class

23A

42,790

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

266

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Collateralized

Mortgage

Obligations

(1.7%)

-

continued

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

$

3,988,422

4.000%, 

1/25/2051,

Ser.

5249,

Class

LA

$

3,811,877

2,095,517

4.000%, 

9/25/2052,

Ser.

5256,

Class

A

1,978,931

1,045,343

3.000%, 

2/15/2033,

Ser.

4170,

Class

IG

f

81,299

1,198,768

3.000%, 

3/15/2033,

Ser.

4180,

Class

PI

f

113,477

3,079,997

4.500%, 

10/15/2033,

Ser.

2695,

Class

BH

3,032,200

2,650,000

2.500%, 

12/15/2048,

Ser.

5094,

Class

BC

2,076,236

Federal

National

Mortgage

Association

-

REMIC

2,905,966

4.500%, 

6/25/2052,

Ser.

2022-43,

Class

MA

2,839,947

1,737,793

4.000%, 

7/25/2052,

Ser.

2022-37,

Class

PE

1,658,262

2,992,429

Zero

Coupon, 

11/25/2053,

Ser.

2023-54,

Class

EO

2,368,830

1,266,227

3.000%, 

12/25/2027,

Ser.

2012-137,

Class

AI

f

40,842

6,876,389

5.250%, 

7/25/2039,

Ser.

2022-72,

Class

CB

6,810,574

2,897,786

4.500%, 

1/25/2046,

Ser.

2022-68,

Class

BA

2,826,828

Flagstar

Mortgage

Trust

1,094,488

2.500%, 

9/25/2041,

Ser.

2021-9INV,

Class

A1

a,c

957,391

GCAT

Trust

1,451,459

1.855%, 

8/25/2066,

Ser.

2021-NQM6,

Class

A1

a,c

1,275,002

GS

Mortgage-Backed

Securities

Trust

2,502,040

3.000%, 

6/25/2052,

Ser.

2022-GR1,

Class

A2

a,c

2,089,106

J.P.

Morgan

Mortgage

Trust

2,166,901

2.500%, 

2/25/2052,

Ser.

2021-INV7,

Class

A2A

a,c

1,736,060

1,503,306

2.774%, 

5/25/2052,

Ser.

2021-LTV2,

Class

A2

a,c

1,239,092

LHOME

Mortgage

Trust

139,767

3.090%, 

6/25/2026,

Ser.

2021-RTL2,

Class

A1

a

139,403

1,400,000

7.628%, 

11/25/2028,

Ser.

2023-RTL4,

Class

A1

a,b

1,416,829

Mello

Mortgage

Capital

Acceptance

2,202,425

2.500%, 

8/25/2051,

Ser.

2021-INV2,

Class

A3

a,c

1,764,521

Merrill

Lynch

Alternative

Note

Asset

Trust

184,854

6.000%, 

3/25/2037,

Ser.

2007-F1,

Class

2A1

67,697

New

Residential

Mortgage

Loan

Trust

4,147,406

2.500%, 

9/25/2051,

Ser.

2021-INV2,

Class

A2

a,c

3,322,786

NYMT

Loan

Trust

I

930,956

2.239%, 

5/25/2026,

Ser.

2021-BPL1,

Class

A1

a,b

917,342

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Collateralized

Mortgage

Obligations

(1.7%)

-

continued

OBX

Trust

$

1,400,000

3.688%, 

1/25/2062,

Ser.

2022-NQM3,

Class

A1B

a,c

$

1,224,115

Palisades

Mortgage

Loan

Trust

2,709,418

3.487%, 

6/25/2026,

Ser.

2021-RTL1,

Class

A1

a

2,709,418

Residential

Accredit

Loans,

Inc.

Trust

469,842

6.000%, 

8/25/2035,

Ser.

2005-QS10,

Class

2A

397,395

Residential

Asset

Securitization

Trust

1,561,993

5.375%, 

7/25/2035,

Ser.

2005-A8CB,

Class

A9

929,234

ROC

Securities

Trust

Series

1,934,478

3.487%, 

8/25/2026,

Ser.

2021-RTL1,

Class

A1

a,c

1,923,497

Saluda

Grade

Alternative

Mortgage

Trust

2,100,000

7.762%, 

4/25/2030,

Ser.

2024-RTL5,

Class

A1

a,b

2,101,462

Sequoia

Mortgage

Trust

543,090

3.626%, 

9/20/2046,

Ser.

2007-1,

Class

4A1

c

366,524

Toorak

Mortgage

Corporation,

Ltd.

908,336

3.240%, 

6/25/2024,

Ser.

2021-1,

Class

A1

a

898,732

TRK

Trust

1,410,036

1.966%, 

11/25/2056,

Ser.

2021-INV2,

Class

A1

a,c

1,208,131

Unlock

HEA

Trust

1,400,000

7.000%, 

4/25/2039,

Ser.

2024-1,

Class

A

a

1,368,500

Vericrest

Opportunity

Loan

Transferee

807,954

5.116%, 

3/27/2051,

Ser.

2021-NPL5,

Class

A1

a,b

790,475

Verus

Securitization

Trust

866,378

2.286%, 

11/25/2066,

Ser.

2021-8,

Class

A2

a,c

727,408

625,408

6.664%, 

12/25/2068,

Ser.

2023-8,

Class

A2

a,b

628,465

Total

72,759,760

Commercial

Mortgage-Backed

Securities

(1.2%)

BANK

2022-BNK39

9,689,441

0.423%, 

2/15/2055,

Ser.

2022-BNK39,

Class

XA

c,f

258,118

BBCMS

Mortgage

Trust

5,353,514

0.713%, 

2/15/2055,

Ser.

2022-C14,

Class

XA

c,f

209,896

17,253,886

1.151%, 

9/15/2055,

Ser.

2022-C17,

Class

XA

c,f

1,309,839

14,239,680

1.820%, 

10/15/2053,

Ser.

2020-C8,

Class

XA

c,f

1,180,938

Federal

Home

Loan

Mortgage

Corporation

Multifamily

Structured

Pass

Through

Certificates

7,500,000

3.000%, 

6/25/2032,

Ser.

K147,

Class

A2

c,g

6,654,657

4,750,000

3.500%, 

7/25/2032,

Ser.

K148,

Class

A2

c,g

4,371,435

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

267

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Commercial

Mortgage-Backed

Securities

(1.2%)

-

continued

$

7,500,000

3.530%, 

8/25/2032,

Ser.

K149,

Class

A2

g

$

6,909,280

650,000

3.710%, 

9/25/2032,

Ser.

K-150,

Class

A2

c,g

606,300

7,150,000

3.800%, 

10/25/2032,

Ser.

K-151,

Class

A2

c,g

6,709,831

7,000,000

3.820%, 

12/25/2032,

Ser.

K-153,

Class

A2

c,g

6,575,598

1,750,000

4.500%, 

8/25/2033,

Ser.

K-160,

Class

A2

c,g

1,725,752

7,600,000

5.150%, 

12/25/2033,

Ser.

K-162,

Class

A2

g

7,867,296

Morgan

Stanley

Capital

I

Trust

14,688,851

1.830%, 

7/15/2053,

Ser.

2020-HR8,

Class

XA

c,f

1,288,615

SCOTT

Trust

2,400,000

5.910%, 

3/15/2040,

Ser.

2023-SFS,

Class

A

a

2,413,705

Total

48,081,260

Communications

Services

(1.1%)

Allen

Media,

LLC/Allen

Media

Co-

Issuer,

Inc.

371,000

10.500%, 

2/15/2028

a

171,960

Altice

Financing

SA

319,000

5.750%, 

8/15/2029

a

255,596

Altice

France

SA/France

200,000

8.125%, 

2/1/2027

a

156,332

381,000

5.125%, 

7/15/2029

a

257,569

432,000

5.500%, 

10/15/2029

a

293,213

AMC

Networks,

Inc.

230,000

4.750%, 

8/1/2025

e

229,710

67,000

10.250%, 

1/15/2029

a,d

67,486

American

Tower

Corporation

245,000

3.375%, 

10/15/2026

234,009

505,000

5.800%, 

11/15/2028

517,034

660,000

2.900%, 

1/15/2030

580,297

321,000

5.650%, 

3/15/2033

326,022

AT&T,

Inc.

805,000

3.650%, 

6/1/2051

590,980

1,129,000

3.500%, 

9/15/2053

796,535

491,000

2.300%, 

6/1/2027

452,586

571,000

4.350%, 

3/1/2029

e

556,292

522,000

5.400%, 

2/15/2034

528,847

1,026,000

4.900%, 

8/15/2037

973,521

Bell

Telephone

Company

of

Canada

677,000

5.550%, 

2/15/2054

675,864

CCO

Holdings,

LLC/CCO

Holdings

Capital

Corporation

640,000

5.125%, 

5/1/2027

a

609,774

328,000

5.000%, 

2/1/2028

a

305,337

71,000

6.375%, 

9/1/2029

a

67,356

770,000

4.750%, 

3/1/2030

a

661,153

510,000

4.500%, 

8/15/2030

a

427,404

220,000

4.250%, 

2/1/2031

a

179,663

96,000

4.750%, 

2/1/2032

a

78,348

350,000

4.250%, 

1/15/2034

a

264,199

Charter

Communications

Operating,

LLC/Charter

Communications

Operating

Capital

Corporation

349,000

6.150%, 

11/10/2026

351,733

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Communications

Services

(1.1%)

-

continued

$

803,000

4.200%, 

3/15/2028

$

756,851

1,225,000

3.500%, 

6/1/2041

822,558

Cimpress

plc

272,000

7.000%, 

6/15/2026

272,245

Clear

Channel

Outdoor

Holdings,

Inc.

490,000

7.500%, 

6/1/2029

a

405,250

Clear

Channel

Worldwide

Holdings,

Inc.

560,000

5.125%, 

8/15/2027

a

527,876

Comcast

Corporation

803,000

5.350%, 

5/15/2053

796,976

690,000

2.887%, 

11/1/2051

447,895

512,000

4.250%, 

10/15/2030

494,616

640,000

4.400%, 

8/15/2035

600,748

885,000

4.750%, 

3/1/2044

812,977

Connect

Finco

SARL/Connect

US

Finco,

LLC

212,000

6.750%, 

10/1/2026

a

207,818

CSC

Holdings,

LLC

581,000

5.375%, 

2/1/2028

a

499,731

146,000

11.750%, 

1/31/2029

a

146,228

462,000

6.500%, 

2/1/2029

a

391,458

597,000

5.750%, 

1/15/2030

a

316,036

Deutsche

Telekom

International

Finance

BV

1,335,000

8.750%, 

6/15/2030

1,578,121

DIRECTV

Financing,

LLC/DIRECTV

Financing

Co-Obligor,

Inc.

845,000

5.875%, 

8/15/2027

a

799,401

Discovery

Communications,

LLC

878,000

4.900%, 

3/11/2026

869,280

DISH

DBS

Corporation

143,000

5.875%, 

11/15/2024

e

137,012

194,000

5.250%, 

12/1/2026

a,e

152,757

142,000

7.375%, 

7/1/2028

68,363

261,000

5.750%, 

12/1/2028

a,e

179,374

218,000

5.125%, 

6/1/2029

90,925

DISH

Network

Corporation

261,000

11.750%, 

11/15/2027

a

266,463

Frontier

Communications

Holdings,

LLC

457,000

5.875%, 

10/15/2027

a

442,438

373,000

6.750%, 

5/1/2029

a

332,414

155,000

8.750%, 

5/15/2030

a

158,599

GCI,

LLC

405,000

4.750%, 

10/15/2028

a

371,347

Gray

Television,

Inc.

395,000

4.750%, 

10/15/2030

a

259,056

195,000

5.375%, 

11/15/2031

a

127,865

iHeartCommunications,

Inc.

325,000

6.375%, 

5/1/2026

277,253

Iliad

Holding

SASU

510,000

6.500%, 

10/15/2026

a

505,223

Lamar

Media

Corporation

223,000

3.625%, 

1/15/2031

195,667

LCPR

Senior

Secured

Financing

DAC

545,000

6.750%, 

10/15/2027

a

511,493

Level

3

Financing,

Inc.

629,000

4.625%, 

9/15/2027

a

418,285

320,000

4.250%, 

7/1/2028

a

150,400

198,000

10.500%, 

5/15/2030

a,e

202,455

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

268

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Communications

Services

(1.1%)

-

continued

McGraw-Hill

Education,

Inc.

$

431,000

8.000%, 

8/1/2029

a,e

$

405,105

Meta

Platforms,

Inc.

402,000

5.600%, 

5/15/2053

424,888

436,000

4.800%, 

5/15/2030

438,389

886,000

3.850%, 

8/15/2032

830,240

Netflix,

Inc.

219,000

5.875%, 

11/15/2028

227,657

480,000

5.375%, 

11/15/2029

a

489,834

450,000

4.875%, 

6/15/2030

a

446,852

News

Corporation

395,000

3.875%, 

5/15/2029

a

361,209

NTT

Finance

Corporation

640,000

4.372%, 

7/27/2027

a

628,738

Omnicom

Group,

Inc.

330,000

4.200%, 

6/1/2030

314,116

Outfront

Media

Capital,

LLC/

Outfront

Media

Capital

Corporation

164,000

4.625%, 

3/15/2030

a

147,080

Paramount

Global

233,000

6.375%, 

3/30/2062

c

215,286

Playtika

Holding

Corporation

348,000

4.250%, 

3/15/2029

a

301,268

Rogers

Communications,

Inc.

620,000

5.000%, 

2/15/2029

615,694

813,000

5.300%, 

2/15/2034

805,748

Scripps

Escrow

II,

Inc.

125,000

3.875%, 

1/15/2029

a

99,396

180,000

5.375%, 

1/15/2031

a

110,748

Sinclair

Television

Group,

Inc.

487,000

4.125%, 

12/1/2030

a

354,711

Sirius

XM

Radio,

Inc.

535,000

5.000%, 

8/1/2027

a

514,714

295,000

4.000%, 

7/15/2028

a

269,887

Sprint

Capital

Corporation

1,308,000

8.750%, 

3/15/2032

1,586,018

Take-Two

Interactive

Software,

Inc.

533,000

4.950%, 

3/28/2028

530,951

TEGNA,

Inc.

135,000

4.750%, 

3/15/2026

a

132,354

425,000

4.625%, 

3/15/2028

388,728

Telecom

Italia

Capital

SA

340,000

6.000%, 

9/30/2034

310,982

Telecom

Italia

SPA/Milano

173,000

5.303%, 

5/30/2024

a

172,059

Telesat

Canada/Telesat,

LLC

215,000

4.875%, 

6/1/2027

a

111,800

80,000

6.500%, 

10/15/2027

a

32,000

T-Mobile

USA,

Inc.

1,343,000

3.600%, 

11/15/2060

941,671

758,000

4.850%, 

1/15/2029

752,385

900,000

4.375%, 

4/15/2040

801,579

United

States

Cellular

Corporation

92,000

6.700%, 

12/15/2033

90,174

Uniti

Group,

LP/Uniti

Group

Finance,

Inc./CSL

Capital,

LLC

411,000

4.750%, 

4/15/2028

a

358,855

239,000

6.500%, 

2/15/2029

a

185,231

Univision

Communications,

Inc.

445,000

4.500%, 

5/1/2029

a

397,676

Urban

One,

Inc.

81,000

7.375%, 

2/1/2028

a

68,732

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Communications

Services

(1.1%)

-

continued

Verizon

Communications,

Inc.

$

806,000

3.000%, 

11/20/2060

$

502,610

1,842,000

2.650%, 

11/20/2040

1,297,946

1,219,000

3.400%, 

3/22/2041

952,773

Viasat,

Inc.

216,000

6.500%, 

7/15/2028

a,e

166,798

Virgin

Media

Finance

plc

165,000

5.000%, 

7/15/2030

a

139,616

Virgin

Media

Secured

Finance

plc

341,000

5.500%, 

5/15/2029

a

315,278

VZ

Secured

Financing

BV

561,000

5.000%, 

1/15/2032

a

481,677

Warnermedia

Holdings,

Inc.

617,000

4.054%, 

3/15/2029

577,590

805,000

5.050%, 

3/15/2042

691,892

YPSO

Finance

BIS

SA

265,000

10.500%, 

5/15/2027

a

99,157

Zayo

Group

Holdings,

Inc.

162,000

4.000%, 

3/1/2027

a

133,349

Ziggo

Bond

Company

BV

157,000

5.125%, 

2/28/2030

a,e

134,455

Total

46,558,170

Consumer

Cyclical

(1.1%)

1011778

B.C.,

ULC/New

Red

Finance,

Inc.

640,000

4.375%, 

1/15/2028

a

605,396

Adient

Global

Holdings,

Ltd.

217,000

8.250%, 

4/15/2031

a,e

228,987

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation

95,000

6.625%, 

7/15/2026

a

94,938

315,000

6.000%, 

6/1/2029

a,e

271,034

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation/

Atlas

Luxco

4

SARL

330,000

4.625%, 

6/1/2028

a

301,346

285,000

4.625%, 

6/1/2028

a

259,056

Allison

Transmission,

Inc.

224,000

3.750%, 

1/30/2031

a

195,445

Amazon.com,

Inc.

670,000

3.875%, 

8/22/2037

604,834

AMC

Entertainment

Holdings,

Inc.

98,000

7.500%, 

2/15/2029

a

65,457

American

Axle

&

Manufacturing,

Inc.

660,000

6.500%, 

4/1/2027

e

657,761

American

Honda

Finance

Corporation

458,000

4.900%, 

3/12/2027

457,093

511,000

5.850%, 

10/4/2030

534,455

Anywhere

Real

Estate

Group,

LLC/Anywhere

Co-Issuer

Corporation

72,000

7.000%, 

4/15/2030

a

64,111

Arches

Buyer,

Inc.

294,000

6.125%, 

12/1/2028

a

246,276

Arko

Corporation

264,000

5.125%, 

11/15/2029

a

218,506

Asbury

Automotive

Group,

Inc.

230,000

5.000%, 

2/15/2032

a

208,390

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

269

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Consumer

Cyclical

(1.1%)

-

continued

Ashton

Woods

USA,

LLC/Ashton

Woods

Finance

Company

$

260,000

4.625%, 

8/1/2029

a

$

239,827

160,000

4.625%, 

4/1/2030

a

146,187

Beazer

Homes

USA,

Inc.

95,000

7.500%, 

3/15/2031

a

95,941

Boyd

Gaming

Corporation

395,000

4.750%, 

6/15/2031

a

362,984

Boyne

USA,

Inc.

150,000

4.750%, 

5/15/2029

a

139,046

Brookfield

Residential

Properties,

Inc./Brookfield

Residential

US,

LLC

370,000

6.250%, 

9/15/2027

a

361,981

Caesars

Entertainment,

Inc.

135,000

8.125%, 

7/1/2027

a

138,262

882,000

4.625%, 

10/15/2029

a

804,270

162,000

6.500%, 

2/15/2032

a

163,427

Carnival

Corporation

262,000

7.625%, 

3/1/2026

a

265,081

647,000

5.750%, 

3/1/2027

a

640,359

162,000

4.000%, 

8/1/2028

a

150,902

138,000

6.000%, 

5/1/2029

a

136,166

Carvana

Company

229,000

0.000%,PIK

12.000%,

12/1/2028

a,h

223,903

Cedar

Fair,

LP

322,000

5.250%, 

7/15/2029

305,233

Churchill

Downs,

Inc.

265,000

4.750%, 

1/15/2028

a

252,271

164,000

6.750%, 

5/1/2031

a

164,916

Cinemark

USA,

Inc.

399,000

5.875%, 

3/15/2026

a

393,936

Clarios

Global,

LP/Clarios

US

Finance

Company,

Inc.

205,000

8.500%, 

5/15/2027

a

205,310

409,000

6.750%, 

5/15/2028

a

414,574

D.R.

Horton,

Inc.

274,000

2.600%, 

10/15/2025

262,542

Daimler

Trucks

Finance

North

America,

LLC

839,000

2.000%, 

12/14/2026

a

771,326

Dana,

Inc.

197,000

4.500%, 

2/15/2032

170,272

eG

Global

Finance

plc

65,000

12.000%, 

11/30/2028

a

69,091

Expedia

Group,

Inc.

1,103,000

3.250%, 

2/15/2030

992,896

Ford

Motor

Company

489,000

3.250%, 

2/12/2032

406,753

Ford

Motor

Credit

Company,

LLC

450,000

2.300%, 

2/10/2025

436,395

770,000

2.900%, 

2/10/2029

678,911

605,000

7.122%, 

11/7/2033

650,926

Forestar

Group,

Inc.

275,000

3.850%, 

5/15/2026

a

262,623

General

Motors

Company

700,000

6.125%, 

10/1/2025

705,889

General

Motors

Financial

Company,

Inc.

450,000

1.500%, 

6/10/2026

413,935

243,000

5.400%, 

5/8/2027

243,636

817,000

5.800%, 

1/7/2029

831,392

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Consumer

Cyclical

(1.1%)

-

continued

GLP

Capital,

LP

$

1,004,000

5.750%, 

6/1/2028

$

1,004,742

Goodyear

Tire

&

Rubber

Company

270,000

5.000%, 

7/15/2029

e

252,079

Hanesbrands,

Inc.

152,000

4.875%, 

5/15/2026

a

147,991

149,000

9.000%, 

2/15/2031

a,e

153,089

Hilton

Domestic

Operating

Company,

Inc.

507,000

4.875%, 

1/15/2030

486,112

163,000

3.625%, 

2/15/2032

a

140,343

Hilton

Grand

Vacations

Borrower

Escrow,

LLC/Hilton

Grand

Vacations

Borrower

Escrow,

Inc.

263,000

5.000%, 

6/1/2029

a

245,274

Home

Depot,

Inc.

555,000

5.400%, 

9/15/2040

564,717

840,000

4.250%, 

4/1/2046

727,667

700,000

3.900%, 

6/15/2047

572,124

Hyundai

Capital

America

505,000

6.250%, 

11/3/2025

a

510,163

1,000,000

1.800%, 

1/10/2028

a

880,748

International

Game

Technology

plc

445,000

5.250%, 

1/15/2029

a

429,956

Jacobs

Entertainment,

Inc.

223,000

6.750%, 

2/15/2029

a

216,627

KB

Home

360,000

4.800%, 

11/15/2029

343,599

Kohl's

Corporation

398,000

4.625%, 

5/1/2031

334,927

L

Brands,

Inc.

600,000

6.625%, 

10/1/2030

a

612,899

140,000

6.875%, 

11/1/2035

143,158

Lennar

Corporation

299,000

4.750%, 

5/30/2025

296,400

Light

&

Wonder

International,

Inc.

490,000

7.250%, 

11/15/2029

a

503,018

Live

Nation

Entertainment,

Inc.

279,000

4.750%, 

10/15/2027

a

266,397

Lowe's

Companies,

Inc.

536,000

5.625%, 

4/15/2053

541,364

1,057,000

2.625%, 

4/1/2031

909,528

Macy's

Retail

Holdings,

LLC

390,000

5.875%, 

4/1/2029

a,e

382,597

131,000

6.125%, 

3/15/2032

a

126,977

Marriott

International,

Inc./MD

885,000

4.625%, 

6/15/2030

861,012

Mattamy

Group

Corporation

306,000

5.250%, 

12/15/2027

a

296,683

McDonald's

Corporation

1,140,000

4.450%, 

3/1/2047

992,906

Michaels

Companies,

Inc.

117,000

5.250%, 

5/1/2028

a

99,693

104,000

7.875%, 

5/1/2029

a

78,024

NCL

Corporation,

Ltd.

329,000

5.875%, 

3/15/2026

a

324,773

347,000

5.875%, 

2/15/2027

a

342,833

Nissan

Motor

Acceptance

Company,

LLC

741,000

1.125%, 

9/16/2024

a

724,237

Nordstrom,

Inc.

132,000

4.375%, 

4/1/2030

e

119,525

187,000

4.250%, 

8/1/2031

164,197

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

270

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Consumer

Cyclical

(1.1%)

-

continued

PENN

Entertainment,

Inc.

$

325,000

4.125%, 

7/1/2029

a,e

$

279,484

PetSmart,

Inc./PetSmart

Finance

Corporation

520,000

4.750%, 

2/15/2028

a

486,848

350,000

7.750%, 

2/15/2029

a

340,740

Prime

Security

Services

Borrower,

LLC/Prime

Finance,

Inc.

688,000

5.750%, 

4/15/2026

a

685,993

305,000

6.250%, 

1/15/2028

a,e

298,772

QVC,

Inc.

83,000

4.375%, 

9/1/2028

66,520

Raising

Cane's

Restaurants,

LLC

162,000

9.375%, 

5/1/2029

a

175,080

Rakuten

Group,

Inc.

196,000

11.250%, 

2/15/2027

a

207,660

Real

Hero

Merger

Sub

2,

Inc.

240,000

6.250%, 

2/1/2029

a,e

210,290

Realogy

Group,

LLC/Realogy

Group

Co-Issuer

Corporation

151,000

5.750%, 

1/15/2029

a

106,929

Royal

Caribbean

Cruises,

Ltd.

723,000

4.250%, 

7/1/2026

a

697,727

254,000

9.250%, 

1/15/2029

a

272,432

252,000

7.250%, 

1/15/2030

a

261,823

Scientific

Games

Holdings,

LP/

Scientific

Games

US

FinCo,

Inc.

62,000

6.625%, 

3/1/2030

a

59,938

SeaWorld

Parks

and

Entertainment,

Inc.

317,000

5.250%, 

8/15/2029

a

298,566

Six

Flags

Theme

Parks,

Inc.

136,000

7.000%, 

7/1/2025

a

136,196

Staples,

Inc.

369,000

7.500%, 

4/15/2026

a

360,134

121,000

10.750%, 

4/15/2027

a

115,015

Station

Casinos,

LLC

307,000

4.625%, 

12/1/2031

a

275,930

Tapestry,

Inc.

575,000

7.350%, 

11/27/2028

605,879

Target

Corporation

805,000

2.950%, 

1/15/2052

546,351

Tenneco,

Inc.

432,000

8.000%, 

11/17/2028

a

394,173

Toyota

Motor

Credit

Corporation

675,000

5.000%, 

3/19/2027

677,070

239,000

4.800%, 

1/5/2034

235,123

Tripadvisor,

Inc.

84,000

7.000%, 

7/15/2025

a

83,769

VICI

Properties,

LP/VICI

Note

Company,

Inc.

797,000

4.625%, 

6/15/2025

a

784,777

240,000

5.750%, 

2/1/2027

a

239,697

371,000

4.125%, 

8/15/2030

a

337,353

Victoria's

Secret

&

Company

311,000

4.625%, 

7/15/2029

a,e

255,177

Viking

Cruises,

Ltd.

534,000

5.875%, 

9/15/2027

a

523,915

Volkswagen

Group

of

America

Finance,

LLC

750,000

5.300%, 

3/22/2027

a

751,556

Wabash

National

Corporation

426,000

4.500%, 

10/15/2028

a

390,658

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Consumer

Cyclical

(1.1%)

-

continued

Walgreens

Boots

Alliance,

Inc.

$

229,000

3.200%, 

4/15/2030

$

199,033

Walmart,

Inc.

608,000

4.500%, 

9/9/2052

563,584

WASH

Multifamily

Acquisition,

Inc.

205,000

5.750%, 

4/15/2026

a,e

200,361

Wynn

Resorts

Finance,

LLC/Wynn

Resorts

Capital

Corporation

317,000

7.125%, 

2/15/2031

a

328,062

Yum!

Brands,

Inc.

500,000

4.750%, 

1/15/2030

a

474,232

ZF

North

America

Capital,

Inc.

222,000

7.125%, 

4/14/2030

a

233,925

Total

45,471,399

Consumer

Non-Cyclical

(1.3%)

1375209

B.C.,

Ltd.

201,000

9.000%, 

1/30/2028

a,e

196,981

Abbott

Laboratories

743,000

4.750%, 

11/30/2036

736,901

AbbVie,

Inc.

241,000

5.400%, 

3/15/2054

248,060

1,250,000

4.300%, 

5/14/2036

1,173,596

555,000

5.350%, 

3/15/2044

565,906

AdaptHealth,

LLC

575,000

4.625%, 

8/1/2029

a

494,814

Albertsons

Companies,

Inc./

Safeway,

Inc./New

Albertsons,

LP/Albertsons,

LLC

416,000

4.625%, 

1/15/2027

a

402,602

443,000

3.500%, 

3/15/2029

a

397,630

Altria

Group,

Inc.

505,000

6.875%, 

11/1/2033

549,370

Amgen,

Inc.

735,000

4.200%, 

2/22/2052

604,552

619,000

5.250%, 

3/2/2030

628,408

808,000

5.600%, 

3/2/2043

822,079

Anheuser-Busch

Companies,

LLC/Anheuser-Busch

InBev

Worldwide,

Inc.

1,007,000

4.700%, 

2/1/2036

973,587

Anheuser-Busch

InBev

Worldwide,

Inc.

1,228,000

4.375%, 

4/15/2038

1,141,252

623,000

5.550%, 

1/23/2049

649,563

Archer-Daniels-Midland

Company

924,000

2.700%, 

9/15/2051

590,015

AstraZeneca

Finance,

LLC

497,000

4.800%, 

2/26/2027

496,785

AstraZeneca

plc

1,400,000

3.000%, 

5/28/2051

982,507

B&G

Foods,

Inc.

290,000

5.250%, 

9/15/2027

e

270,986

BAT

Capital

Corporation

214,000

5.834%, 

2/20/2031

215,837

268,000

7.750%, 

10/19/2032

302,427

168,000

6.000%, 

2/20/2034

170,108

500,000

7.079%, 

8/2/2043

533,441

Bausch

+

Lomb

Corporation

82,000

8.375%, 

10/1/2028

a

84,842

Bausch

Health

Companies,

Inc.

238,000

5.500%, 

11/1/2025

a

224,651

215,000

4.875%, 

6/1/2028

a

117,326

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

271

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Consumer

Non-Cyclical

(1.3%)

-

continued

$

370,000

11.000%, 

9/30/2028

a

$

246,975

Baxter

International,

Inc.

755,000

3.132%, 

12/1/2051

494,455

Becton,

Dickinson

and

Company

291,000

3.794%, 

5/20/2050

228,236

865,000

3.700%, 

6/6/2027

831,041

BellRing

Brands,

Inc.

232,000

7.000%, 

3/15/2030

a

238,981

Bristol-Myers

Squibb

Company

428,000

5.100%, 

2/22/2031

432,139

1,344,000

3.550%, 

3/15/2042

1,077,866

Campbell

Soup

Company

702,000

5.200%, 

3/19/2027

703,636

460,000

5.400%, 

3/21/2034

463,451

Cargill,

Inc.

809,000

3.125%, 

5/25/2051

a

562,398

Catalent

Pharma

Solutions,

Inc.

162,000

3.125%, 

2/15/2029

a

154,804

Central

Garden

&

Pet

Company

500,000

4.125%, 

10/15/2030

e

448,549

Cheplapharm

Arzneimittel

GmbH

60,000

5.500%, 

1/15/2028

a

57,172

Chobani,

LLC/Chobani

Finance

Corporation,

Inc.

399,000

4.625%, 

11/15/2028

a

372,082

135,000

7.625%, 

7/1/2029

a,e

136,856

CHS/Community

Health

Systems,

Inc.

301,000

5.625%, 

3/15/2027

a

277,040

96,000

8.000%, 

12/15/2027

a

94,169

401,000

6.000%, 

1/15/2029

a

350,313

212,000

6.125%, 

4/1/2030

a,e

152,876

266,000

5.250%, 

5/15/2030

a

216,900

176,000

4.750%, 

2/15/2031

a

135,827

Constellation

Brands,

Inc.

624,000

3.600%, 

2/15/2028

592,630

369,000

2.875%, 

5/1/2030

326,415

Coty,

Inc./HFC

Prestige

Products,

Inc./HFC

Prestige

International

US,

LLC

493,000

4.750%, 

1/15/2029

a

466,531

273,000

6.625%, 

7/15/2030

a

277,229

CVS

Health

Corporation

1,205,000

5.625%, 

2/21/2053

1,183,385

602,000

5.125%, 

2/21/2030

603,817

1,295,000

4.875%, 

7/20/2035

1,245,410

Edgewell

Personal

Care

Company

290,000

5.500%, 

6/1/2028

a

283,472

Eli

Lilly

&

Company

401,000

4.950%, 

2/27/2063

390,062

Embecta

Corporation

128,000

6.750%, 

2/15/2030

a

110,904

Encompass

Health

Corporation

615,000

4.500%, 

2/1/2028

585,738

Energizer

Holdings,

Inc.

484,000

4.750%, 

6/15/2028

a

448,280

Fortrea

Holdings,

Inc.

212,000

7.500%, 

7/1/2030

a

218,844

General

Mills,

Inc.

214,000

4.950%, 

3/29/2033

211,612

Grifols

SA

381,000

4.750%, 

10/15/2028

a,e

315,224

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Consumer

Non-Cyclical

(1.3%)

-

continued

HCA,

Inc.

$

921,000

3.500%, 

9/1/2030

$

832,913

Herbalife

Nutrition,

Ltd./HLF

Financing,

Inc.

66,000

7.875%, 

9/1/2025

a

65,991

HLF

Financing

SARL,

LLC/

Herbalife

International,

Inc.

499,000

4.875%, 

6/1/2029

a

346,805

Imperial

Brands

Finance

plc

1,200,000

3.875%, 

7/26/2029

a

1,125,518

Jazz

Securities

DAC

223,000

4.375%, 

1/15/2029

a

207,733

JBS

USA

LUX

SA/JBS

USA

Food

Company/JBS

Luxembourg

SARL

515,000

6.750%, 

3/15/2034

a

541,122

JBS

USA

LUX

SA/JBS

USA

Food

Company/JBS

USA

Finance,

Inc.

268,000

4.375%, 

2/2/2052

194,622

533,000

5.500%, 

1/15/2030

525,280

743,000

3.000%, 

5/15/2032

605,962

KeHE

Distributors,

LLC/KeHE

Finance

Corporation/NextWave

Distribution,

Inc.

131,000

9.000%, 

2/15/2029

a

132,811

Keurig

Dr

Pepper,

Inc.

1,000,000

5.200%, 

3/15/2031

1,002,385

Kimberly-Clark

Corporation

710,000

3.900%, 

5/4/2047

584,319

Kraft

Heinz

Foods

Company

513,000

4.375%, 

6/1/2046

433,251

Legacy

LifePoint

Health,

LLC

163,000

4.375%, 

2/15/2027

a

155,325

LifePoint

Health,

Inc.

140,000

9.875%, 

8/15/2030

a

146,446

167,000

11.000%, 

10/15/2030

a

178,488

Mattel,

Inc.

670,000

5.450%, 

11/1/2041

620,668

Medline

Borrower,

LP/Medline

Co-

Issuer,

Inc.

270,000

6.250%, 

4/1/2029

a

271,209

Medtronic,

Inc.

804,000

4.375%, 

3/15/2035

768,798

ModivCare

Escrow

Issuer,

Inc.

136,000

5.000%, 

10/1/2029

a

98,613

ModivCare,

Inc.

109,000

5.875%, 

11/15/2025

a

106,150

Mozart

Debt

Merger

Sub,

Inc.

391,000

3.875%, 

4/1/2029

a

355,891

262,000

5.250%, 

10/1/2029

a

247,634

Organon

&

Company/Organon

Foreign

Debt

Co-Issuer

BV

384,000

4.125%, 

4/30/2028

a

357,846

225,000

5.125%, 

4/30/2031

a

200,049

Owens

&

Minor,

Inc.

371,000

6.625%, 

4/1/2030

a,e

368,223

PepsiCo,

Inc.

515,000

4.200%, 

7/18/2052

449,849

Perrigo

Finance

Unlimited

Company

200,000

4.375%, 

3/15/2026

194,611

227,000

3.150%, 

6/15/2030

208,672

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

272

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Consumer

Non-Cyclical

(1.3%)

-

continued

Pfizer

Investment

Enterprises,

Private

Ltd.

$

1,204,000

5.300%, 

5/19/2053

$

1,197,058

509,000

5.110%, 

5/19/2043

497,728

Philip

Morris

International,

Inc.

240,000

4.750%, 

2/12/2027

238,667

512,000

5.500%, 

9/7/2030

521,806

240,000

5.125%, 

2/13/2031

238,427

802,000

5.375%, 

2/15/2033

808,589

Post

Holdings,

Inc.

322,000

4.500%, 

9/15/2031

a

289,636

Primo

Water

Holdings,

Inc.

333,000

4.375%, 

4/30/2029

a

306,219

RegionalCare

Hospital

Partners

Holdings,

Inc./LifePoint

Health,

Inc.

163,000

9.750%, 

12/1/2026

a

163,219

Reynolds

American,

Inc.

952,000

5.700%, 

8/15/2035

929,614

Roche

Holdings,

Inc.

768,000

4.000%, 

11/28/2044

a

662,064

Scotts

Miracle-Gro

Company

152,000

4.500%, 

10/15/2029

137,559

Sigma

Holdco

BV

204,000

7.875%, 

5/15/2026

a,e

195,840

Simmons

Foods,

Inc.

529,000

4.625%, 

3/1/2029

a

467,483

Spectrum

Brands,

Inc.

206,000

5.000%, 

10/1/2029

a

201,889

210,000

5.500%, 

7/15/2030

a

205,679

141,000

3.875%, 

3/15/2031

a,e

135,821

Star

Parent,

Inc.

274,000

9.000%, 

10/1/2030

a

289,976

Surgery

Center

Holdings,

Inc.

162,000

7.250%, 

4/15/2032

a,d

163,258

Sysco

Corporation

797,000

6.600%, 

4/1/2040

881,594

Takeda

Pharmaceutical

Company,

Ltd.

800,000

3.175%, 

7/9/2050

557,520

Tenet

Healthcare

Corporation

810,000

5.125%, 

11/1/2027

792,283

205,000

6.125%, 

10/1/2028

e

204,265

330,000

6.750%, 

5/15/2031

a

336,016

Teva

Pharmaceutical

Finance

Netherlands

III

BV

297,000

3.150%, 

10/1/2026

277,663

Triton

Water

Holdings,

Inc.

262,000

6.250%, 

4/1/2029

a

238,634

Viterra

Finance

BV

642,000

3.200%, 

4/21/2031

a

555,776

Wyeth,

LLC

525,000

6.500%, 

2/1/2034

581,494

Zoetis,

Inc.

1,266,000

4.700%, 

2/1/2043

1,158,968

Total

53,071,474

Energy

(1.0%)

Antero

Midstream

Partners,

LP/

Antero

Midstream

Finance

Corporation

282,000

5.375%, 

6/15/2029

a

271,188

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Energy

(1.0%)

-

continued

Antero

Resources

Corporation

$

146,000

5.375%, 

3/1/2030

a

$

140,215

Archrock

Partners,

LP/Archrock

Partners

Finance

Corporation

480,000

6.250%, 

4/1/2028

a

474,930

Ascent

Resources

Utica

Holdings,

LLC/ARU

Finance

Corporation

271,000

8.250%, 

12/31/2028

a

278,394

Baytex

Energy

Corporation

274,000

8.500%, 

4/30/2030

a

286,108

Borr

IHC,

Ltd./Borr

Finance,

LLC

332,000

10.375%, 

11/15/2030

a

345,280

BP

Capital

Markets

America,

Inc.

1,327,000

2.939%, 

6/4/2051

885,926

Buckeye

Partners,

LP

186,000

4.500%, 

3/1/2028

a

176,703

Canadian

Natural

Resources,

Ltd.

319,000

2.950%, 

7/15/2030

281,248

Cheniere

Energy

Partners,

LP

2,144,000

4.500%, 

10/1/2029

2,040,545

Cheniere

Energy,

Inc.

133,000

5.650%, 

4/15/2034

a

133,950

Chesapeake

Energy

Corporation

208,000

6.750%, 

4/15/2029

a

210,229

Civitas

Resources,

Inc.

189,000

8.375%, 

7/1/2028

a

198,963

95,000

8.625%, 

11/1/2030

a

102,009

358,000

8.750%, 

7/1/2031

a

383,081

CNX

Resources

Corporation

159,000

6.000%, 

1/15/2029

a

155,674

Columbia

Pipelines

Holding

Company,

LLC

514,000

6.042%, 

8/15/2028

a

525,216

Columbia

Pipelines

Operating

Company,

LLC

130,000

5.927%, 

8/15/2030

a

133,376

Comstock

Resources,

Inc.

330,000

5.875%, 

1/15/2030

a

298,851

Continental

Resources,

Inc.

936,000

2.268%, 

11/15/2026

a

861,628

CQP

Holdco,

LP/BIP-V

Chinnok

Holdco,

LLC

306,000

5.500%, 

6/15/2031

a

289,206

Crescent

Energy

Finance,

LLC

162,000

9.250%, 

2/15/2028

a

171,054

404,000

7.625%, 

4/1/2032

a

407,113

Delek

Logistics

Partners,

LP/Delek

Logistics

Finance

Corporation

162,000

8.625%, 

3/15/2029

a

165,429

Diamond

Foreign

Asset

Company/

Diamond

Finance,

LLC

110,000

8.500%, 

10/1/2030

a

116,095

Diamondback

Energy,

Inc.

512,000

3.125%, 

3/24/2031

453,584

DT

Midstream,

Inc.

223,000

4.125%, 

6/15/2029

a

205,011

135,000

4.375%, 

6/15/2031

a

122,259

Enerflex,

Ltd.

224,000

9.000%, 

10/15/2027

a

230,153

Energy

Transfer,

LP

528,000

4.000%, 

10/1/2027

507,456

765,000

4.900%, 

3/15/2035

723,175

600,000

5.150%, 

2/1/2043

535,993

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

273

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Energy

(1.0%)

-

continued

$

1,090,000

6.000%, 

6/15/2048

$

1,083,383

Enterprise

Products

Operating,

LLC

724,000

3.300%, 

2/15/2053

513,784

EQM

Midstream

Partners,

LP

754,000

4.750%, 

1/15/2031

a

701,186

EQT

Corporation

446,000

6.125%, 

2/1/2025

446,531

625,000

3.900%, 

10/1/2027

594,084

Exxon

Mobil

Corporation

1,200,000

3.452%, 

4/15/2051

909,102

Ferrellgas,

LP/Ferrellgas

Finance

Corporation

310,000

5.375%, 

4/1/2026

a

303,286

Genesis

Energy

LP/Genesis

Energy

Finance

Corporation

440,000

8.875%, 

4/15/2030

460,571

Halliburton

Company

662,000

4.850%, 

11/15/2035

643,835

537,000

5.000%, 

11/15/2045

504,166

Harvest

Midstream,

LP

334,000

7.500%, 

9/1/2028

a

338,653

Hess

Midstream

Operations,

LP

268,000

5.625%, 

2/15/2026

a

265,858

Hilcorp

Energy

I,

LP/Hilcorp

Finance

Company

334,000

5.750%, 

2/1/2029

a

325,328

318,000

6.250%, 

4/15/2032

a

313,610

Howard

Midstream

Energy

Partners,

LLC

409,000

6.750%, 

1/15/2027

a

408,070

ITT

Holdings,

LLC

380,000

6.500%, 

8/1/2029

a

346,788

Kodiak

Gas

Services,

LLC

164,000

7.250%, 

2/15/2029

a

167,048

Laredo

Petroleum,

Inc.

471,000

7.750%, 

7/31/2029

a

474,891

MEG

Energy

Corporation

357,000

5.875%, 

2/1/2029

a

350,795

MPLX,

LP

660,000

4.875%, 

6/1/2025

654,476

1,073,000

4.950%, 

9/1/2032

1,042,302

202,000

5.000%, 

3/1/2033

196,092

Nabors

Industries,

Ltd.

505,000

7.250%, 

1/15/2026

a

501,874

National

Fuel

Gas

Company

935,000

5.500%, 

1/15/2026

933,554

New

Fortress

Energy,

Inc.

117,000

6.750%, 

9/15/2025

a

116,202

108,000

8.750%, 

3/15/2029

a

107,588

NGL

Energy

Operating,

LLC/NGL

Energy

Finance

Corporation

108,000

8.125%, 

2/15/2029

a

110,612

163,000

8.375%, 

2/15/2032

a

167,092

Noble

Finance

II,

LLC

273,000

8.000%, 

4/15/2030

a

284,370

Northern

Oil

and

Gas,

Inc.

276,000

8.750%, 

6/15/2031

a

291,445

Northriver

Midstream

Finance,

LP

134,000

5.625%, 

2/15/2026

a

132,854

NuStar

Logistics,

LP

264,000

6.375%, 

10/1/2030

265,707

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Energy

(1.0%)

-

continued

Occidental

Petroleum

Corporation

$

1,269,000

7.875%, 

9/15/2031

$

1,438,502

ONEOK,

Inc.

244,000

5.000%, 

3/1/2026

242,493

Ovintiv,

Inc.

933,000

5.375%, 

1/1/2026

929,200

510,000

6.250%, 

7/15/2033

530,246

PBF

Holding

Company,

LLC/PBF

Finance

Corporation

219,000

6.000%, 

2/15/2028

215,494

Permian

Resources

Operating,

LLC

402,000

7.000%, 

1/15/2032

a

417,040

Phillips

66

Company

412,000

4.950%, 

12/1/2027

412,261

Prairie

Acquiror,

LP

216,000

9.000%, 

8/1/2029

a

222,359

Precision

Drilling

Corporation

335,000

6.875%, 

1/15/2029

a

334,378

Range

Resources

Corporation

221,000

4.750%, 

2/15/2030

a,e

206,049

Rockcliff

Energy

II,

LLC

292,000

5.500%, 

10/15/2029

a

273,260

Rockies

Express

Pipeline,

LLC

340,000

4.950%, 

7/15/2029

a

317,760

SM

Energy

Company

131,000

6.625%, 

1/15/2027

130,884

200,000

6.500%, 

7/15/2028

200,857

Southwestern

Energy

Company

295,000

5.375%, 

3/15/2030

283,926

191,000

4.750%, 

2/1/2032

175,827

Suncor

Energy,

Inc.

763,000

7.150%, 

2/1/2032

845,080

Sunoco,

LP/Sunoco

Finance

Corporation

385,000

5.875%, 

3/15/2028

381,317

Tallgrass

Energy

Partners

LP/

Tallgrass

Energy

Finance

Corporation

495,000

5.500%, 

1/15/2028

a

476,924

Talos

Production,

Inc.

81,000

9.000%, 

2/1/2029

a

86,019

Targa

Resources

Corporation

939,000

4.200%, 

2/1/2033

856,084

Teine

Energy,

Ltd.

280,000

6.875%, 

4/15/2029

a

272,297

Transocean,

Inc.

265,000

11.500%, 

1/30/2027

a

276,188

385,200

8.750%, 

2/15/2030

a

401,639

USA

Compression

Partners,

LP/

USA

Compression

Finance

Corporation

371,000

6.875%, 

4/1/2026

370,573

100,000

7.125%, 

3/15/2029

a

101,246

Valaris,

Ltd.

272,000

8.375%, 

4/30/2030

a

280,577

Venture

Global

Calcasieu

Pass,

LLC

389,000

3.875%, 

8/15/2029

a

350,157

279,000

6.250%, 

1/15/2030

a

280,692

235,000

4.125%, 

8/15/2031

a

208,962

Venture

Global

LNG,

Inc.

562,000

8.375%, 

6/1/2031

a

579,573

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

274

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Energy

(1.0%)

-

continued

$

266,000

9.875%, 

2/1/2032

a

$

286,680

Weatherford

International,

Ltd.

244,000

8.625%, 

4/30/2030

a

254,728

Western

Midstream

Operating,

LP

515,000

6.350%, 

1/15/2029

534,102

267,000

6.150%, 

4/1/2033

273,759

Williams

Companies,

Inc.

537,000

5.300%, 

8/15/2052

512,902

900,000

7.500%, 

1/15/2031

1,001,356

Total

41,026,570

Financials

(3.2%)

Acrisure,

LLC/Acrisure

Finance,

Inc.

200,000

6.000%, 

8/1/2029

a

183,416

AerCap

Ireland

Capital

DAC/

AerCap

Global

Aviation

Trust

581,000

6.100%, 

1/15/2027

590,508

950,000

3.875%, 

1/23/2028

900,661

475,000

3.400%, 

10/29/2033

400,121

Air

Lease

Corporation

1,117,000

3.000%, 

2/1/2030

987,347

Aircastle,

Ltd.

565,000

5.250%, 

8/11/2025

a

560,007

Alliant

Holdings

Intermediate,

LLC/

Alliant

Holdings

Co-Issuer,

Inc.

211,000

6.750%, 

10/15/2027

a

207,882

208,000

6.750%, 

4/15/2028

a

209,468

119,000

5.875%, 

11/1/2029

a

110,550

134,000

7.000%, 

1/15/2031

a

135,343

Ally

Financial,

Inc.

900,000

5.750%, 

11/20/2025

893,518

900,000

8.000%, 

11/1/2031

1,002,503

72,000

6.700%, 

2/14/2033

72,742

American

Express

Company

234,000

5.098%, 

2/16/2028

c

233,639

American

Homes

4

Rent,

LP

880,000

2.375%, 

7/15/2031

714,762

American

International

Group,

Inc.

1,019,000

5.125%, 

3/27/2033

1,013,326

AmWINS

Group,

Inc.

108,000

6.375%, 

2/15/2029

a

108,583

322,000

4.875%, 

6/30/2029

a

300,549

ANZ

Bank

New

Zealand,

Ltd.

550,000

5.548%, 

8/11/2032

a,c

551,857

Aon

North

America,

Inc.

365,000

5.750%, 

3/1/2054

374,200

Ares

Capital

Corporation

397,000

3.250%, 

7/15/2025

383,507

975,000

3.875%, 

1/15/2026

943,056

450,000

2.150%, 

7/15/2026

414,373

441,000

5.875%, 

3/1/2029

439,681

Arthur

J.

Gallagher

&

Company

126,000

6.750%, 

2/15/2054

143,052

176,000

5.750%, 

7/15/2054

176,241

Associated

Banc-Corp

650,000

4.250%, 

1/15/2025

637,860

Australia

&

New

Zealand

Banking

Group,

Ltd.

500,000

2.950%, 

7/22/2030

a,c

480,442

Avolon

Holdings

Funding,

Ltd.

250,000

4.250%, 

4/15/2026

a

241,280

629,000

5.750%, 

3/1/2029

a

625,957

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Financials

(3.2%)

-

continued

Banco

Santander

Mexico

SA

$

675,000

5.375%, 

4/17/2025

a

$

672,410

Banco

Santander

SA

1,000,000

4.175%, 

3/24/2028

c

963,858

Bank

of

America

Corporation

924,000

5.080%, 

1/20/2027

c

919,347

500,000

1.734%, 

7/22/2027

c

460,975

616,000

3.824%, 

1/20/2028

c

593,304

467,000

5.202%, 

4/25/2029

c

467,442

450,000

2.087%, 

6/14/2029

c

397,655

1,200,000

2.496%, 

2/13/2031

c

1,033,730

1,250,000

1.922%, 

10/24/2031

c

1,018,525

804,000

2.972%, 

2/4/2033

c

683,754

1,609,000

4.571%, 

4/27/2033

c

1,528,418

760,000

5.872%, 

9/15/2034

c

788,249

300,000

5.468%, 

1/23/2035

c

301,955

1,075,000

3.846%, 

3/8/2037

c

950,372

Bank

of

Montreal

210,000

5.266%, 

12/11/2026

210,929

Bank

of

New

York

Mellon

Corporation

500,000

6.317%, 

10/25/2029

c

527,616

Bank

of

Nova

Scotia

275,000

4.850%, 

2/1/2030

272,989

Barclays

plc

783,000

6.496%, 

9/13/2027

c

798,736

621,000

4.972%, 

5/16/2029

c

608,593

825,000

5.746%, 

8/9/2033

c

828,512

Berkshire

Hathaway

Finance

Corporation

1,071,000

2.850%, 

10/15/2050

722,765

BlackRock

Funding,

Inc.

237,000

5.250%, 

3/14/2054

238,173

Blackstone

Private

Credit

Fund

799,000

2.700%, 

1/15/2025

779,937

490,000

6.250%, 

1/25/2031

a

492,049

Blue

Owl

Capital

Corporation

II

385,000

8.450%, 

11/15/2026

a

396,543

Blue

Owl

Credit

Income

Corporation

670,000

4.700%, 

2/8/2027

635,607

Blue

Owl

Technology

Finance

Corporation

225,000

4.750%, 

12/15/2025

a

216,350

Blue

Owl

Technology

Finance

Corporation

II

485,000

6.750%, 

4/4/2029

a,d

478,984

BNP

Paribas

SA

1,340,000

3.132%, 

1/20/2033

a,c

1,140,389

BPCE

SA

860,000

3.500%, 

10/23/2027

a

804,965

Bread

Financial

Holdings,

Inc.

161,000

9.750%, 

3/15/2029

a

167,549

Brookfield

Property

REIT,

Inc./BPR

Cumulus,

LLC/BPR

Nimbus,

LLC/GGSI

Sellco,

LLC

95,000

4.500%, 

4/1/2027

a

86,712

Burford

Capital

Global

Finance,

LLC

453,000

9.250%, 

7/1/2031

a

479,448

Camden

Property

Trust

661,000

3.150%, 

7/1/2029

604,271

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

275

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Financials

(3.2%)

-

continued

Canadian

Imperial

Bank

of

Commerce

$

803,000

5.001%, 

4/28/2028

$

800,171

Capital

One

Financial

Corporation

1,000,000

4.200%, 

10/29/2025

977,429

805,000

2.636%, 

3/3/2026

c

782,515

165,000

5.700%, 

2/1/2030

c

166,409

Castlelake

Aviation

Finance

DAC

212,000

5.000%, 

4/15/2027

a

204,188

Centene

Corporation

1,112,000

2.625%, 

8/1/2031

912,814

Charles

Schwab

Corporation

1,059,000

2.450%, 

3/3/2027

986,870

518,000

6.136%, 

8/24/2034

c

540,375

Chubb

INA

Holdings,

LLC

527,000

4.350%, 

11/3/2045

468,896

Citigroup,

Inc.

415,000

0.981%, 

5/1/2025

c

413,182

1,240,000

4.400%, 

6/10/2025

1,222,870

620,000

3.200%, 

10/21/2026

590,459

1,404,000

3.668%, 

7/24/2028

c

1,334,482

415,000

4.125%, 

7/25/2028

397,791

700,000

3.520%, 

10/27/2028

c

660,042

300,000

5.174%, 

2/13/2030

c

298,600

1,141,000

4.910%, 

5/24/2033

c

1,100,001

648,000

6.174%, 

5/25/2034

c

658,037

CNA

Financial

Corporation

371,000

5.125%, 

2/15/2034

360,961

Comerica,

Inc.

175,000

5.982%, 

1/30/2030

c

172,896

Cooperatieve

Rabobank

UA

1,071,000

5.564%, 

2/28/2029

a,c

1,077,522

Corebridge

Financial,

Inc.

402,000

4.350%, 

4/5/2042

339,308

Credit

Acceptance

Corporation

376,000

9.250%, 

12/15/2028

a

404,418

Credit

Agricole

SA

550,000

6.875%, 

9/23/2024

a,c,i

549,047

Credit

Suisse

Group

AG

775,000

7.250%, 

9/12/2025

a,c,i,j

85,250

Deutsche

Bank

AG/New

York,

NY

561,000

6.819%, 

11/20/2029

c

586,471

950,000

3.729%, 

1/14/2032

c

800,124

Discover

Bank

1,410,000

5.974%, 

(USISOA05

+

1.730%),

8/9/2028

c

1,402,628

Diversified

Healthcare

Trust

156,000

Zero

Coupon, 

1/15/2026

a

132,434

Drawbridge

Special

Opportunities

Fund,

LP

600,000

3.875%, 

2/15/2026

a

560,951

Elevance

Health,

Inc.

900,000

3.125%, 

5/15/2050

626,278

725,000

4.625%, 

5/15/2042

658,562

Enact

Holdings,

Inc.

209,000

6.500%, 

8/15/2025

a

208,958

EPR

Properties

355,000

4.950%, 

4/15/2028

337,820

Fairfax

Financial

Holdings,

Ltd.

478,000

6.350%, 

3/22/2054

a

487,610

Fifth

Third

Bancorp

356,000

6.339%, 

7/27/2029

c

366,990

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Financials

(3.2%)

-

continued

First

Horizon

Bank

$

615,000

5.750%, 

5/1/2030

e

$

581,915

FirstCash,

Inc.

262,000

5.625%, 

1/1/2030

a

248,970

First-Citizens

Bank

&

Trust

Company

443,000

6.125%, 

3/9/2028

455,000

Five

Corners

Funding

Trust

IV

536,000

5.997%, 

2/15/2053

a

566,148

Fortress

Transportation

and

Infrastructure

Investors,

LLC

279,000

6.500%, 

10/1/2025

a

278,582

139,000

9.750%, 

8/1/2027

a

143,926

69,000

5.500%, 

5/1/2028

a

66,855

Freedom

Mortgage

Corporation

135,000

7.625%, 

5/1/2026

a

134,790

110,000

12.000%, 

10/1/2028

a

119,901

Freedom

Mortgage

Holdings,

LLC

108,000

9.250%, 

2/1/2029

a

110,532

FS

KKR

Capital

Corporation

955,000

4.250%, 

2/14/2025

a

939,320

1,137,000

3.400%, 

1/15/2026

1,078,980

GGAM

Finance,

Ltd.

274,000

7.750%, 

5/15/2026

a

279,647

135,000

8.000%, 

6/15/2028

a

140,984

108,000

6.875%, 

4/15/2029

a

108,405

Global

Net

Lease,

Inc./Global

Net

Lease

Operating

Partnership,

LP

397,000

3.750%, 

12/15/2027

a

339,708

goeasy,

Ltd.

216,000

9.250%, 

12/1/2028

a

230,300

Goldman

Sachs

Bank

USA/New

York,

NY

950,000

5.283%, 

3/18/2027

c

949,523

Goldman

Sachs

BDC,

Inc.

307,000

6.375%, 

3/11/2027

309,288

Goldman

Sachs

Group,

Inc.

684,000

1.948%, 

10/21/2027

c

628,748

756,000

6.484%, 

10/24/2029

c

795,403

230,000

1.992%, 

1/27/2032

c

186,115

1,879,000

3.102%, 

2/24/2033

c

1,607,007

Healthpeak

OP,

LLC

173,000

3.400%, 

2/1/2025

169,749

Highwoods

Realty,

LP

504,000

7.650%, 

2/1/2034

549,675

HSBC

Holdings

plc

1,000,000

2.999%, 

3/10/2026

c

974,152

1,040,000

3.900%, 

5/25/2026

1,012,617

800,000

5.402%, 

8/11/2033

c

797,728

HSBC

USA,

Inc.

762,000

5.294%, 

3/4/2027

766,430

HUB

International,

Ltd.

416,000

5.625%, 

12/1/2029

a

390,053

215,000

7.375%, 

1/31/2032

a

216,448

Huntington

Bancshares,

Inc./OH

624,000

5.709%, 

2/2/2035

c

622,203

Icahn

Enterprises,

LP/Icahn

Enterprises

Finance

Corporation

188,000

6.375%, 

12/15/2025

186,477

196,000

6.250%, 

5/15/2026

189,204

307,000

5.250%, 

5/15/2027

277,448

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

276

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Financials

(3.2%)

-

continued

Intercontinental

Exchange,

Inc.

$

450,000

4.950%, 

6/15/2052

$

423,099

Intesa

Sanpaolo

SPA

164,000

4.198%, 

6/1/2032

a,c

137,111

Invitation

Homes

Operating

Partnership,

LP

670,000

2.000%, 

8/15/2031

532,375

J.P.

Morgan

Chase

&

Company

395,000

1.040%, 

2/4/2027

c

365,555

714,000

1.578%, 

4/22/2027

c

661,960

1,075,000

2.947%, 

2/24/2028

c

1,010,056

1,350,000

4.203%, 

7/23/2029

c

1,301,501

700,000

2.522%, 

4/22/2031

c

604,997

975,000

1.953%, 

2/4/2032

c

794,371

1,073,000

4.586%, 

4/26/2033

c

1,028,109

805,000

4.912%, 

7/25/2033

c

788,211

Jefferies

Finance,

LLC/JFIN

Co-

Issuer

Corporation

112,000

5.000%, 

8/15/2028

a

102,994

Jefferson

Capital

Holdings,

LLC

109,000

6.000%, 

8/15/2026

a

106,954

271,000

9.500%, 

2/15/2029

a

277,406

KeyBank

NA/Cleveland,

OH

599,000

5.000%, 

1/26/2033

555,237

KeyCorp

425,000

3.878%, 

5/23/2025

c

423,089

Kilroy

Realty,

LP

255,000

4.250%, 

8/15/2029

234,029

218,000

6.250%, 

1/15/2036

212,946

Kite

Realty

Group,

LP

187,000

5.500%, 

3/1/2034

185,820

Ladder

Capital

Finance

Holdings,

LLLP/Ladder

Capital

Finance

Corporation

135,000

4.250%, 

2/1/2027

a

126,304

227,000

4.750%, 

6/15/2029

a

206,350

LD

Holdings

Group,

LLC

98,000

6.125%, 

4/1/2028

a,e

81,214

Lloyds

Banking

Group

plc

802,000

5.871%, 

3/6/2029

c

814,971

Macquarie

Airfinance

Holdings,

Ltd.

397,000

6.400%, 

3/26/2029

a

403,281

Manufacturers

&

Traders

Trust

Company

803,000

4.700%, 

1/27/2028

773,692

Marsh

&

McLennan

Companies,

Inc.

201,000

5.450%, 

3/15/2053

202,307

504,000

5.400%, 

9/15/2033

517,105

Massachusetts

Mutual

Life

Insurance

Company

1,000,000

3.200%, 

12/1/2061

a

623,129

Metropolitan

Life

Global

Funding

I

460,000

5.050%, 

1/8/2034

a

455,646

Mitsubishi

UFJ

Financial

Group,

Inc.

802,000

5.422%, 

2/22/2029

c

810,400

700,000

2.048%, 

7/17/2030

586,931

Molina

Healthcare,

Inc.

286,000

4.375%, 

6/15/2028

a

268,848

Morgan

Stanley

1,350,000

4.350%, 

9/8/2026

1,320,859

989,000

3.591%, 

7/22/2028

c

939,655

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Financials

(3.2%)

-

continued

$

535,000

5.164%, 

4/20/2029

c

$

534,568

1,250,000

3.622%, 

4/1/2031

c

1,146,404

535,000

5.250%, 

4/21/2034

c

530,818

939,000

5.297%, 

4/20/2037

c

900,876

MPT

Operating

Partnership,

LP/

MPT

Finance

Corporation

58,000

5.250%, 

8/1/2026

e

53,095

385,000

4.625%, 

8/1/2029

e

295,476

Nasdaq,

Inc.

575,000

3.250%, 

4/28/2050

400,717

Nationstar

Mortgage

Holdings,

Inc.

277,000

6.000%, 

1/15/2027

a

273,070

NatWest

Group

plc

450,000

4.445%, 

5/8/2030

c

428,549

758,000

6.475%, 

6/1/2034

c

770,498

Necessity

Retail

REIT,

Inc./

American

Finance

Operating

Partner,

LP

157,000

4.500%, 

9/30/2028

a

134,372

New

York

Life

Global

Funding

812,000

4.550%, 

1/28/2033

a

783,313

NNN

REIT,

Inc.

749,000

5.600%, 

10/15/2033

758,350

Office

Properties

Income

Trust

120,000

2.650%, 

6/15/2026

69,332

Omega

Healthcare

Investors,

Inc.

774,000

3.625%, 

10/1/2029

690,883

725,000

3.375%, 

2/1/2031

618,833

OneMain

Finance

Corporation

438,000

3.500%, 

1/15/2027

406,595

465,000

3.875%, 

9/15/2028

414,815

Osaic

Holdings,

Inc.

79,000

10.750%, 

8/1/2027

a

81,678

Panther

Escrow

Issuer,

LLC

378,000

7.125%, 

6/1/2031

a,d

384,316

Park

Intermediate

Holdings,

LLC

444,000

4.875%, 

5/15/2029

a

412,885

Pine

Street

Trust

I

805,000

4.572%, 

2/15/2029

a

765,089

PNC

Financial

Services

Group,

Inc.

250,000

6.615%, 

10/20/2027

c

257,390

1,074,000

4.626%, 

6/6/2033

c

1,001,570

PRA

Group,

Inc.

67,000

7.375%, 

9/1/2025

a

66,881

408,000

8.375%, 

2/1/2028

a

406,042

Principal

Life

Global

Funding

II

487,000

1.250%, 

8/16/2026

a

442,401

Prologis

Targeted

US

Logistics

Fund,

LP

502,000

5.250%, 

4/1/2029

a

500,561

Prologis,

LP

340,000

5.250%, 

3/15/2054

333,910

Prudential

Financial,

Inc.

1,020,000

5.125%, 

3/1/2052

c

956,091

Quicken

Loans,

LLC

262,000

3.875%, 

3/1/2031

a

228,254

Realty

Income

Corporation

1,100,000

2.100%, 

3/15/2028

984,151

Regency

Centers,

LP

700,000

4.125%, 

3/15/2028

674,086

370,000

5.250%, 

1/15/2034

368,591

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

277

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Financials

(3.2%)

-

continued

RGA

Global

Funding

$

245,000

5.500%, 

1/11/2031

a

$

245,673

RHP

Hotel

Properties,

LP/RHP

Finance

Corporation

260,000

7.250%, 

7/15/2028

a

267,752

RLJ

Lodging

Trust,

LP

140,000

3.750%, 

7/1/2026

a

133,323

295,000

4.000%, 

9/15/2029

a

260,048

Rocket

Mortgage,

LLC/Rocket

Mortgage

Co-Issuer,

Inc.

340,000

3.625%, 

3/1/2029

a

305,846

Royal

Bank

of

Canada

744,000

5.200%, 

7/20/2026

746,393

Santander

Holdings

USA,

Inc.

268,000

6.499%, 

3/9/2029

c

274,111

218,000

6.174%, 

1/9/2030

c

219,965

Santander

UK

Group

Holdings

plc

900,000

1.673%, 

6/14/2027

c

823,297

Service

Properties

Trust

127,000

7.500%, 

9/15/2025

128,712

66,000

5.250%, 

2/15/2026

63,848

148,000

8.625%, 

11/15/2031

a

157,833

Simon

Property

Group,

LP

805,000

3.800%, 

7/15/2050

615,475

SLM

Corporation

140,000

4.200%, 

10/29/2025

136,618

Societe

Generale

SA

840,000

4.750%, 

11/24/2025

a

823,741

Standard

Chartered

plc

288,000

1.822%, 

11/23/2025

a,c

280,183

Sumitomo

Mitsui

Financial

Group,

Inc.

840,000

3.010%, 

10/19/2026

797,599

804,000

5.710%, 

1/13/2030

829,702

700,000

1.710%, 

1/12/2031

561,524

Synchrony

Financial

138,000

7.250%, 

2/2/2033

137,008

Synovus

Bank

799,000

5.625%, 

2/15/2028

775,908

Toronto-Dominion

Bank

393,000

5.156%, 

1/10/2028

395,519

608,000

5.523%, 

7/17/2028

620,935

Truist

Financial

Corporation

519,000

6.047%, 

6/8/2027

c

526,005

383,000

5.125%, 

12/15/2027

c,i

345,918

699,000

5.122%, 

1/26/2034

c

672,807

310,000

5.711%, 

1/24/2035

c

311,338

U.S.

Bancorp

536,000

5.727%, 

10/21/2026

c

538,899

744,000

5.775%, 

6/12/2029

c

756,984

178,000

5.836%, 

6/12/2034

c

181,427

340,000

5.678%, 

1/23/2035

c

343,308

UBS

Group

AG

1,375,000

2.193%, 

6/5/2026

a,c

1,318,267

771,000

6.246%, 

9/22/2029

a,c

795,449

668,000

3.091%, 

5/14/2032

a,c

568,180

486,000

5.699%, 

2/8/2035

a,c

488,459

UDR,

Inc.

675,000

2.100%, 

8/1/2032

529,239

United

Wholesale

Mortgage,

LLC

89,000

5.500%, 

11/15/2025

a

88,198

218,000

5.500%, 

4/15/2029

a

206,184

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Financials

(3.2%)

-

continued

UnitedHealth

Group,

Inc.

$

536,000

5.875%, 

2/15/2053

$

579,901

806,000

4.750%, 

5/15/2052

747,509

Vornado

Realty,

LP

98,000

3.400%, 

6/1/2031

77,559

Wells

Fargo

&

Company

363,000

3.000%, 

4/22/2026

347,152

1,140,000

3.000%, 

10/23/2026

1,079,167

805,000

3.526%, 

3/24/2028

c

766,190

1,200,000

2.393%, 

6/2/2028

c

1,098,365

480,000

5.574%, 

7/25/2029

c

485,689

441,000

5.389%, 

4/24/2034

c

438,254

930,000

4.900%, 

11/17/2045

836,634

Willis

North

America,

Inc.

1,074,000

4.650%, 

6/15/2027

1,056,694

XHR,

LP

140,000

6.375%, 

8/15/2025

a

140,178

153,000

4.875%, 

6/1/2029

a

141,658

Total

133,450,729

Foreign

Government

(<0.1%)

NBN

Company,

Ltd.

1,025,000

2.625%, 

5/5/2031

a

871,893

Total

871,893

Mortgage-Backed

Securities

(11.5%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

3,333,889

2.000%, 

1/1/2052

2,670,926

3,811,684

2.000%, 

5/1/2051

3,053,770

20,925,636

2.500%, 

5/1/2051

17,477,418

6,811,113

3.500%, 

5/1/2052

6,098,923

6,610,135

4.000%, 

5/1/2052

6,171,340

16,361,873

3.500%, 

6/1/2052

d

14,661,358

2,598,456

5.000%, 

7/1/2053

2,551,873

857,694

5.500%, 

7/1/2053

859,615

4,926,581

3.500%, 

8/1/2052

4,441,421

4,132,835

5.000%, 

8/1/2053

4,071,655

4,133,408

5.500%, 

9/1/2053

4,151,366

Federal

Home

Loan

Mortgage

Corporation

Gold

15-Yr.

Pass

Through

4,866,113

2.500%, 

7/1/2030

4,574,185

Federal

National

Mortgage

Association

Conventional

15-Yr.

Pass

Through

7,000,000

4.500%, 

4/1/2039

d

6,891,409

Federal

National

Mortgage

Association

Conventional

20-Yr.

Pass

Through

5,893,725

3.000%, 

12/1/2036

5,417,910

4,865,499

3.000%, 

8/1/2038

4,503,172

7,351,573

3.500%, 

5/1/2040

6,879,817

5,685,286

2.500%, 

4/1/2042

4,938,901

1,964,725

2.000%, 

5/1/2042

1,661,096

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

17,551,295

3.000%, 

1/1/2052

d

15,223,446

1,816,654

2.000%, 

2/1/2051

1,455,837

2,887,128

2.000%, 

2/1/2051

2,313,701

6,307,907

2.500%, 

2/1/2051

5,265,216

10,840,939

2.500%, 

2/1/2051

8,967,651

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

278

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Mortgage-Backed

Securities

(11.5%)

-

continued

$

2,543,904

2.000%, 

3/1/2051

$

2,024,327

31,079,983

2.000%, 

3/1/2051

24,689,592

13,399,120

4.000%, 

3/1/2051

12,641,692

17,545,155

3.000%, 

3/1/2052

15,142,041

20,789,905

2.000%, 

4/1/2051

16,548,086

10,358,384

3.000%, 

4/1/2051

8,961,280

10,608,286

3.000%, 

5/1/2050

9,231,085

3,425,936

2.000%, 

5/1/2051

2,732,262

8,155,224

3.000%, 

5/1/2051

7,160,337

6,772,598

3.000%, 

6/1/2050

5,978,811

3,171,930

4.000%, 

6/1/2052

2,941,960

2,252,784

5.000%, 

6/1/2053

2,217,230

16,126,447

2.500%, 

7/1/2051

d

13,515,748

4,625,424

3.500%, 

7/1/2051

4,203,113

9,040,994

4.000%, 

7/1/2052

8,386,012

2,409,977

2.500%, 

8/1/2050

2,034,892

9,585,456

3.500%, 

8/1/2050

8,731,489

13,273,100

4.500%, 

8/1/2052

12,690,126

5,556,837

5.000%, 

8/1/2053

5,469,139

2,957,229

2.500%, 

9/1/2051

2,479,958

7,358,164

3.500%, 

9/1/2052

6,623,010

3,549,838

3.500%, 

9/1/2052

d

3,195,176

4,711,191

5.000%, 

9/1/2052

4,608,001

6,128,768

4.500%, 

9/1/2053

5,845,306

4,507,057

4.500%, 

9/1/2053

4,320,342

11,030,188

4.000%, 

10/1/2052

10,252,806

3,358,927

2.000%, 

11/1/2051

2,682,364

13,725,303

2.000%, 

12/1/2050

10,982,410

21,455,904

2.500%, 

12/1/2051

17,881,409

9,617,075

4.500%, 

12/1/2052

9,225,691

10,000,000

6.000%, 

4/1/2041

d

10,091,040

7,200,000

5.500%, 

4/1/2042

d

7,164,261

14,750,000

3.000%, 

4/1/2048

d

12,688,114

19,000,000

3.500%, 

4/1/2049

d

17,002,670

10,250,000

4.000%, 

4/1/2049

d

9,491,517

4,800,000

4.500%, 

4/1/2049

d

4,570,667

19,400,000

5.000%, 

4/1/2049

d

18,927,866

Federal

National

Mortgage

Association

Conventional

40-Yr.

Pass

Through

19,068,434

2.500%, 

3/1/2062

15,261,599

4,910,554

3.500%, 

7/1/2061

4,309,600

5,696,220

4.000%, 

12/1/2061

5,211,081

Total

482,416,116

Technology

(0.7%)

Advanced

Micro

Devices,

Inc.

537,000

4.393%, 

6/1/2052

476,153

Analog

Devices,

Inc.

1,000,000

2.950%, 

10/1/2051

678,156

Apple,

Inc.

671,000

2.650%, 

2/8/2051

441,797

1,680,000

3.750%, 

9/12/2047

1,385,056

AthenaHealth

Group,

Inc.

390,000

6.500%, 

2/15/2030

a,e

356,701

Boost

Newco

Borrower,

LLC

215,000

7.500%, 

1/15/2031

a

225,065

Broadcom,

Inc.

283,000

3.469%, 

4/15/2034

a

242,505

1,072,000

3.137%, 

11/15/2035

a

866,070

1,100,000

3.187%, 

11/15/2036

a

875,437

460,000

4.926%, 

5/15/2037

a

436,570

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Technology

(0.7%)

-

continued

Cisco

Systems,

Inc.

$

235,000

5.300%, 

2/26/2054

$

241,224

245,000

4.950%, 

2/26/2031

247,162

Cloud

Software

Group,

Inc.

708,000

6.500%, 

3/31/2029

a

671,865

262,000

9.000%, 

9/30/2029

a

251,289

CommScope,

Inc.

215,000

7.125%, 

7/1/2028

a

85,047

Consensus

Cloud

Solutions,

Inc.

68,000

6.000%, 

10/15/2026

a

64,631

CoreLogic,

Inc.

81,000

4.500%, 

5/1/2028

a

72,630

Dell

International,

LLC/EMC

Corporation

480,000

6.020%, 

6/15/2026

486,135

Dell,

Inc.

452,000

6.500%, 

4/15/2038

484,231

Fiserv,

Inc.

246,000

2.250%, 

6/1/2027

225,981

517,000

2.650%, 

6/1/2030

450,137

494,000

5.350%, 

3/15/2031

499,759

468,000

5.600%, 

3/2/2033

477,134

Gen

Digital,

Inc.

11,000

6.750%, 

9/30/2027

a

11,158

163,000

7.125%, 

9/30/2030

a

167,473

Global

Payments,

Inc.

805,000

5.300%, 

8/15/2029

801,161

II-VI,

Inc.

131,000

5.000%, 

12/15/2029

a

123,382

Intel

Corporation

495,000

5.600%, 

2/21/2054

504,354

Iron

Mountain,

Inc.

250,000

5.000%, 

7/15/2028

a

239,170

540,000

4.875%, 

9/15/2029

a

506,622

300,000

5.250%, 

7/15/2030

a

283,793

440,000

4.500%, 

2/15/2031

a

396,985

KLA

Corporation

804,000

3.300%, 

3/1/2050

590,157

Marvell

Technology,

Inc.

127,000

5.950%, 

9/15/2033

131,612

Mastercard,

Inc.

566,000

3.950%, 

2/26/2048

480,224

McAfee

Corporation

135,000

7.375%, 

2/15/2030

a

123,801

Microchip

Technology,

Inc.

102,000

5.050%, 

3/15/2029

102,015

Micron

Technology,

Inc.

278,000

5.300%, 

1/15/2031

279,608

Microsoft

Corporation

309,000

3.041%, 

3/17/2062

215,259

842,000

2.500%, 

9/15/2050

a

543,909

760,000

3.700%, 

8/8/2046

647,930

NCR

Atleos

Corporation

108,000

9.500%, 

4/1/2029

a

115,518

NCR

Voyix

Corporation

419,000

5.125%, 

4/15/2029

a

388,603

Neptune

Bidco

US,

Inc.

275,000

9.290%, 

4/15/2029

a

260,033

Newfold

Digital

Holdings

Group,

Inc.

81,000

11.750%, 

10/15/2028

a

87,676

NXP

BV/NXP

Funding,

LLC

475,000

5.550%, 

12/1/2028

482,282

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

279

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Technology

(0.7%)

-

continued

NXP

BV/NXP

Funding,

LLC/NXP

USA,

Inc.

$

476,000

4.300%, 

6/18/2029

$

458,669

475,000

3.250%, 

5/11/2041

352,761

Open

Text

Corporation

185,000

3.875%, 

12/1/2029

a

164,835

545,000

4.125%, 

2/15/2030

a

488,252

Oracle

Corporation

536,000

6.900%, 

11/9/2052

616,750

569,000

6.150%, 

11/9/2029

599,689

1,400,000

3.850%, 

7/15/2036

1,193,630

1,266,000

4.000%, 

7/15/2046

997,315

Pitney

Bowes,

Inc.

68,000

6.875%, 

3/15/2027

a

62,092

PTC,

Inc.

290,000

3.625%, 

2/15/2025

a

283,944

210,000

4.000%, 

2/15/2028

a

196,259

RingCentral,

Inc.

276,000

8.500%, 

8/15/2030

a

286,967

Roper

Technologies,

Inc.

640,000

1.750%, 

2/15/2031

515,242

S&P

Global,

Inc.

127,000

5.250%, 

9/15/2033

a

129,774

Seagate

HDD

Cayman

163,000

8.500%, 

7/15/2031

a,e

176,148

312,280

9.625%, 

12/1/2032

355,780

Sensata

Technologies

BV

450,000

4.000%, 

4/15/2029

a

410,889

Sensata

Technologies,

Inc.

319,000

3.750%, 

2/15/2031

a

275,936

Shift4

Payments,

LLC/Shift4

Payments

Finance

Sub,

Inc.

150,000

4.625%, 

11/1/2026

a

145,027

SK

Hynix,

Inc.

400,000

5.500%, 

1/16/2027

a

399,958

SS&C

Technologies,

Inc.

384,000

5.500%, 

9/30/2027

a

375,459

Texas

Instruments,

Inc.

535,000

5.050%, 

5/18/2063

521,026

UKG,

Inc.

271,000

6.875%, 

2/1/2031

a

276,075

Viavi

Solutions,

Inc.

319,000

3.750%, 

10/1/2029

a

273,699

Visa,

Inc.

1,150,000

2.700%, 

4/15/2040

861,787

VMware,

LLC

417,000

4.650%, 

5/15/2027

409,919

875,000

2.200%, 

8/15/2031

712,062

Xerox

Holdings

Corporation

33,000

5.000%, 

8/15/2025

a

32,562

199,000

5.500%, 

8/15/2028

a

181,184

Total

29,477,150

Transportation

(0.2%)

American

Airlines

Group,

Inc.

97,000

3.750%, 

3/1/2025

a

94,307

American

Airlines,

Inc.

190,000

8.500%, 

5/15/2029

a

200,727

American

Airlines,

Inc./

AAdvantage

Loyalty

IP,

Ltd.

817,500

5.500%, 

4/20/2026

a

811,933

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Transportation

(0.2%)

-

continued

Avis

Budget

Car

Rental,

LLC/Avis

Budget

Finance,

Inc.

$

173,000

5.375%, 

3/1/2029

a

$

161,235

Burlington

Northern

Santa

Fe,

LLC

631,000

2.875%, 

6/15/2052

413,153

503,000

5.750%, 

5/1/2040

531,195

530,000

4.450%, 

3/15/2043

476,755

Canadian

Pacific

Railway

Company

537,000

4.700%, 

5/1/2048

479,189

CSX

Corporation

720,000

3.800%, 

4/15/2050

562,255

Delta

Air

Lines,

Inc./SkyMiles

IP,

Ltd.

1,126,000

4.750%, 

10/20/2028

a

1,101,292

ERAC

USA

Finance,

LLC

536,000

5.400%, 

5/1/2053

a

538,039

Hawaiian

Brand

Intellectual

Property,

Ltd.

213,000

5.750%, 

1/20/2026

a

199,891

Hertz

Corporation

151,000

4.625%, 

12/1/2026

a

137,039

167,000

5.000%, 

12/1/2029

a,e

129,052

Mileage

Plus

Holdings,

LLC

871,650

6.500%, 

6/20/2027

a

876,458

Penske

Truck

Leasing

Company,

LP/PTL

Finance

Corporation

462,000

5.750%, 

5/24/2026

a

465,342

Rand

Parent,

LLC

289,000

8.500%, 

2/15/2030

a,e

286,185

RXO,

Inc.

335,000

7.500%, 

11/15/2027

a

343,794

Southwest

Airlines

Company

723,000

2.625%, 

2/10/2030

628,787

Spirit

Loyalty

Cayman,

Ltd.

94,000

8.000%, 

9/20/2025

a

71,358

Stena

International

SA

217,000

7.250%, 

1/15/2031

a

216,447

Union

Pacific

Corporation

1,074,000

2.973%, 

9/16/2062

672,319

United

Airlines,

Inc.

307,000

4.375%, 

4/15/2026

a

296,789

VistaJet

Malta

Finance

plc/Vista

Management

Holding,

Inc.

81,000

7.875%, 

5/1/2027

a

68,479

366,000

6.375%, 

2/1/2030

a,e

269,787

Total

10,031,807

U.S.

Government

&

Agencies

(12.5%)

U.S.

Treasury

Bonds

2,857,000

3.625%, 

5/15/2053

2,510,142

15,480,000

1.625%, 

11/15/2050

8,743,177

11,400,000

4.750%, 

11/15/2053

12,169,500

14,120,000

5.250%, 

11/15/2028

14,698,037

1,075,000

4.375%, 

5/15/2040

1,080,711

41,740,000

1.375%, 

11/15/2040

26,840,777

600,000

3.000%, 

5/15/2042

491,086

27,658,000

2.500%, 

5/15/2046

19,952,654

35,275,000

2.875%, 

5/15/2049

26,832,425

U.S.

Treasury

Notes

11,180,000

2.125%, 

7/31/2024

11,061,868

15,100,000

2.250%, 

11/15/2024

14,826,312

8,000,000

2.125%, 

11/30/2024

7,838,281

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

280

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

U.S.

Government

&

Agencies

(12.5%)

-

continued

$

3,700,000

1.375%, 

1/31/2025

$

3,587,844

15,900,000

4.625%, 

2/28/2025

15,835,406

40,300,000

3.875%, 

3/31/2025

39,845,082

6,000,000

0.250%, 

8/31/2025

5,625,469

54,500,000

5.000%, 

8/31/2025

54,610,703

2,500,000

4.250%, 

12/31/2025

2,479,395

33,790,000

2.625%, 

1/31/2026

32,573,032

3,050,000

0.500%, 

2/28/2026

2,818,986

22,580,000

2.500%, 

2/28/2026

21,689,149

2,900,000

4.625%, 

2/28/2026

2,897,621

2,350,000

0.500%, 

4/30/2027

2,087,553

16,875,000

2.250%, 

11/15/2027

15,696,387

12,250,000

3.875%, 

12/31/2027

12,052,373

4,300,000

0.750%, 

1/31/2028

3,762,164

16,200,000

3.500%, 

1/31/2028

15,726,023

13,400,000

3.625%, 

3/31/2028

13,062,906

31,750,000

2.875%, 

5/15/2028

30,044,678

55,000,000

4.375%, 

8/31/2028

55,225,586

6,300,000

3.750%, 

12/31/2028

6,165,633

850,000

1.375%, 

11/15/2031

694,277

24,275,000

4.125%, 

11/15/2032

24,109,058

13,500,000

4.500%, 

11/15/2033

13,799,531

Total

521,433,826

Utilities

(0.7%)

AES

Corporation

1,069,000

3.950%, 

7/15/2030

a

972,245

Ameren

Illinois

Company

541,000

4.500%, 

3/15/2049

476,244

American

Electric

Power

Company,

Inc.

481,000

5.200%, 

1/15/2029

482,131

468,000

5.625%, 

3/1/2033

475,138

American

Water

Capital

Corporation

486,000

5.450%, 

3/1/2054

490,144

Appalachian

Power

Company

560,000

3.300%, 

6/1/2027

528,876

Atmos

Energy

Corporation

380,000

5.900%, 

11/15/2033

403,104

Berkshire

Hathaway

Energy

Company

900,000

4.500%, 

2/1/2045

806,711

Calpine

Corporation

311,000

4.500%, 

2/15/2028

a

294,975

CenterPoint

Energy

Resources

Corporation

750,000

1.750%, 

10/1/2030

615,906

CenterPoint

Energy,

Inc.

225,000

4.250%, 

11/1/2028

214,517

Commonwealth

Edison

Company

800,000

3.700%, 

3/1/2045

630,895

Consolidated

Edison

Company

of

New

York,

Inc.

384,000

4.500%, 

12/1/2045

336,838

900,000

4.125%, 

5/15/2049

735,385

Constellation

Energy

Generation,

LLC

253,000

6.125%, 

1/15/2034

267,142

Consumers

Energy

Company

880,000

4.350%, 

4/15/2049

768,545

DTE

Electric

Company

760,000

3.700%, 

3/15/2045

605,730

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Utilities

(0.7%)

-

continued

$

640,000

3.700%, 

6/1/2046

$

498,837

Duke

Energy

Carolinas,

LLC

960,000

3.700%, 

12/1/2047

727,956

Duke

Energy

Indiana,

LLC

693,000

3.750%, 

5/15/2046

543,639

Edison

International

759,000

5.750%, 

6/15/2027

769,003

Eversource

Energy

669,000

4.750%, 

5/15/2026

662,062

Exelon

Corporation

575,000

4.700%, 

4/15/2050

503,592

642,000

4.450%, 

4/15/2046

547,972

FirstEnergy

Corporation

669,000

5.100%, 

7/15/2047

587,287

Georgia

Power

Company

455,000

4.950%, 

5/17/2033

448,618

237,000

5.250%, 

3/15/2034

239,393

ITC

Holdings

Corporation

560,000

5.300%, 

7/1/2043

528,625

Jersey

Central

Power

&

Light

Company

375,000

2.750%, 

3/1/2032

a

311,591

MidAmerican

Energy

Company

589,000

5.850%, 

9/15/2054

628,447

National

Rural

Utilities

Cooperative

Finance

Corporation

331,000

3.700%, 

3/15/2029

313,073

NextEra

Energy

Capital

Holdings,

Inc.

506,000

5.749%, 

9/1/2025

508,171

NextEra

Energy

Operating

Partners,

LP

496,000

3.875%, 

10/15/2026

a

462,577

NiSource

Finance

Corporation

675,000

5.650%, 

2/1/2045

668,705

NRG

Energy,

Inc.

115,000

3.375%, 

2/15/2029

a

102,169

804,000

4.450%, 

6/15/2029

a

760,040

195,000

5.250%, 

6/15/2029

a

186,423

Pacific

Gas

and

Electric

Company

700,000

3.300%, 

12/1/2027

650,464

495,000

5.550%, 

5/15/2029

499,322

467,000

4.550%, 

7/1/2030

443,894

505,000

6.950%, 

3/15/2034

552,856

233,000

5.800%, 

5/15/2034

235,157

PG&E

Corporation

379,000

5.000%, 

7/1/2028

365,000

PPL

Electric

Utilities

Corporation

440,000

3.950%, 

6/1/2047

356,792

Public

Service

Company

of

Colorado

624,000

4.500%, 

6/1/2052

524,305

Public

Service

Enterprise

Group,

Inc.

511,000

5.875%, 

10/15/2028

526,143

San

Diego

Gas

&

Electric

Company

900,000

4.150%, 

5/15/2048

752,137

Southern

California

Edison

Company

825,000

4.000%, 

4/1/2047

652,964

Southern

Company

1,074,000

5.113%, 

8/1/2027

1,074,582

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

281

Principal

Amount

Long-Term

Fixed

Income

(38.0%)

Value

Utilities

(0.7%)

-

continued

Southern

Company

Gas

Capital

Corporation

$

600,000

4.400%, 

5/30/2047

$

498,921

Southwestern

Electric

Power

Company

542,000

3.900%, 

4/1/2045

415,910

Talen

Energy

Supply,

LLC

267,000

8.625%, 

6/1/2030

a

285,517

TerraForm

Power

Operating,

LLC

520,000

5.000%, 

1/31/2028

a

495,255

Virginia

Electric

and

Power

Company

180,000

5.350%, 

1/15/2054

176,439

675,000

4.600%, 

12/1/2048

591,756

Vistra

Operations

Company,

LLC

900,000

5.125%, 

5/13/2025

a

892,040

822,000

5.000%, 

7/31/2027

a

795,964

Xcel

Energy,

Inc.

379,000

4.600%, 

6/1/2032

356,395

Total

30,244,519

Total

Long-Term

Fixed

Income

(cost

$1,701,708,279)

1,591,283,369

Shares

Registered

Investment

Companies

(

37.1%

)

Value

U.S.

Affiliated  (36.5%)

17,016,055

Thrivent

Core

Emerging

Markets

Debt

Fund

137,149,407

4,242,366

Thrivent

Core

Emerging

Markets

Equity

Fund

38,563,104

3,353,293

Thrivent

Core

International

Equity

Fund

35,679,037

183,248

Thrivent

Core

Low

Volatility

Equity

Fund

2,026,722

4,007,734

Thrivent

Core

Mid

Cap

Value

Fund

45,247,312

3,615,098

Thrivent

Core

Small

Cap

Value

Fund

38,103,137

4,279,028

Thrivent

Global

Stock

Portfolio

63,663,801

23,019,139

Thrivent

High

Yield

Portfolio

95,552,445

32,291,785

Thrivent

Income

Portfolio

282,882,495

8,572,789

Thrivent

International

Allocation

Portfolio

85,130,370

1,678,136

Thrivent

International

Index

Portfolio

23,586,867

13,395,231

Thrivent

Large

Cap

Value

Portfolio

320,279,968

16,776,206

Thrivent

Limited

Maturity

Bond

Portfolio

161,486,086

5,177,400

Thrivent

Mid

Cap

Stock

Portfolio

113,976,327

4,449,627

Thrivent

Small

Cap

Stock

Portfolio

84,020,965

Total

1,527,348,043

U.S.

Unaffiliated  (0.6%)

6,835

Communication

Services

Select

Sector

SPDR

Fund

558,146

3,262

Industrial

Select

Sector

SPDR

Fund

410,882

4,745

Invesco

QQQ

Trust

Series

1

2,106,828

15,477

iShares

Biotechnology

ETF

2,123,754

36,992

SPDR

S&P

500

ETF

Trust

19,349,405

4,312

SPDR

S&P

Biotech

ETF

409,166

Shares

Registered

Investment

Companies

(37.1%)

Value

U.S.

Unaffiliated  (0.6%)-

continued

1,538

SPDR

S&P

Oil

&

Gas

Exploration

ETF

$

238,282

Total

25,196,463

Total

Registered

Investment

Companies

(cost

$1,368,517,234)

1,552,544,506

Shares

Common

Stock

(

16.4%

)

Value

Communications

Services

(1.2%)

24,975

Alphabet,

Inc.,

Class

A

k

3,769,477

107,524

Alphabet,

Inc.,

Class

C

k

16,371,604

16,489

Altice

USA,

Inc.

k

43,036

5,662

AMC

Networks,

Inc.

k

68,680

2,054

Bandwidth,

Inc.

k

37,506

2,259

Bumble,

Inc.

k

25,640

30

Cable

One,

Inc.

12,694

51,313

Cargurus,

Inc.

k

1,184,304

34,092

Comcast

Corporation

1,477,888

56

E.W.

Scripps

Company

k

220

15,352

Electronic

Arts,

Inc.

2,036,750

6,635

Emerald

Holding,

Inc.

k

45,184

2,184

Entravision

Communications

Corporation

3,582

11,871

iHeartMedia,

Inc.

k

24,810

3,645

Imax

Corporation

k

58,940

32,160

Integral

Ad

Science

Holding

Corporation

k

320,635

2,703

Interpublic

Group

of

Companies,

Inc.

88,199

4,241

Iridium

Communications,

Inc.

110,945

8,911

Liberty

Global,

Ltd.,

Class

A

k

150,774

6,395

Liberty

Latin

America,

Ltd.,

Class

A

k

44,573

811

Live

Nation

Entertainment,

Inc.

k

85,779

47,849

Lumen

Technologies,

Inc.

k

74,644

1,298

Match

Group,

Inc.

k

47,091

33,971

Meta

Platforms,

Inc.

16,495,638

1,541

Netflix,

Inc.

k

935,896

502

Omnicom

Group,

Inc.

48,574

29,176

Pinterest,

Inc.

k

1,011,532

4,301

Playtika

Holding

Corporation

30,322

27,239

QuinStreet,

Inc.

k

481,041

3,205

Roku,

Inc.

k

208,870

2,128

Sinclair,

Inc.

28,664

1,886

TechTarget,

Inc.

k

62,389

4,353

Telephone

and

Data

Systems,

Inc.

69,735

16,953

Trade

Desk,

Inc.

k

1,482,031

49,675

Verizon

Communications,

Inc.

2,084,363

46,186

Warner

Brothers

Discovery,

Inc.

k

403,204

6,476

Windstream

Services,

LLC

k

61,522

671

Ziff

Davis,

Inc.

k

42,300

Total

49,529,036

Consumer

Discretionary

(1.9%)

115

Adient

plc

k

3,786

139,489

Amazon.com,

Inc.

k

25,161,026

840

American

Axle

&

Manufacturing

Holdings,

Inc.

k

6,182

11,414

American

Eagle

Outfitters,

Inc.

294,367

9,626

Aptiv

plc

k

766,711

4,924

Autoliv,

Inc.

592,997

602

Beazer

Homes

USA,

Inc.

k

19,746

1,073

Best

Buy

Company,

Inc.

88,018

400

Booking

Holdings,

Inc.

1,451,152

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

282

Shares

Common

Stock

(16.4%)

Value

Consumer

Discretionary

(1.9%)

-

continued

7,123

Boot

Barn

Holdings,

Inc.

k

$

677,753

699

Brunswick

Corporation

67,467

2,737

Buckle,

Inc.

110,219

13

Cavco

Industries,

Inc.

k

5,188

555

Chipotle

Mexican

Grill,

Inc.

k

1,613,257

8,144

Columbia

Sportswear

Company

661,130

1,977

Container

Store

Group,

Inc.

k

2,254

3,380

Cooper-Standard

Holdings,

Inc.

k

55,973

732

Coursera,

Inc.

k

10,263

843

Crocs,

Inc.

k

121,223

1,481

Culp,

Inc.

k

7,109

2,949

D.R.

Horton,

Inc.

485,258

11,669

Dana,

Inc.

148,196

876

Darden

Restaurants,

Inc.

146,423

1,179

Deckers

Outdoor

Corporation

k

1,109,746

833

DoorDash,

Inc.

k

114,721

48

Dorman

Products,

Inc.

k

4,627

45,221

eBay,

Inc.

2,386,764

493

El

Pollo

Loco

Holdings,

Inc.

k

4,802

1,511

Etsy,

Inc.

k

103,836

9,846

Everi

Holdings,

Inc.

k

98,952

16,054

Expedia

Group,

Inc.

k

2,211,439

6,730

Five

Below,

Inc.

k

1,220,687

145

Fox

Factory

Holding

Corporation

k

7,550

11,749

Gap,

Inc.

323,685

750

Garmin,

Ltd.

111,653

17,246

Gentex

Corporation

622,926

2,034

Genuine

Parts

Company

315,128

4,348

Goodyear

Tire

&

Rubber

Company

k

59,698

2,939

Grand

Canyon

Education,

Inc.

k

400,321

2,047

Green

Brick

Partners,

Inc.

k

123,291

805

Harley-Davidson,

Inc.

35,211

15,989

Hilton

Worldwide

Holdings,

Inc.

3,410,614

15,038

Home

Depot,

Inc.

5,768,577

4,075

Kohl's

Corporation

118,786

11,489

Laureate

Education,

Inc.

167,395

1,151

La-Z-Boy,

Inc.

43,301

2,047

Lear

Corporation

296,569

2,196

Leggett

&

Platt,

Inc.

42,053

884

Lennar

Corporation

152,030

9,545

LKQ

Corporation

509,798

3,959

Lowe's

Companies,

Inc.

1,008,476

2,868

Lululemon

Athletica,

Inc.

k

1,120,384

287

M/I

Homes,

Inc.

k

39,115

31

Marriott

Vacations

Worldwide

Corporation

3,340

9,498

McDonald's

Corporation

2,677,961

2,475

Meritage

Homes

Corporation

434,264

33,995

Mobileye

Global,

Inc.

k

1,092,939

6,481

Modine

Manufacturing

Company

k

616,926

2,466

Mohawk

Industries,

Inc.

k

322,775

3,863

Nordstrom,

Inc.

78,303

210

NVR,

Inc.

k

1,700,992

2,117

O'Reilly

Automotive,

Inc.

k

2,389,839

2,121

Polaris,

Inc.

212,355

2,896

Pool

Corporation

1,168,536

31,095

Qurate

Retail,

Inc.

k

38,247

1,127

Ralph

Lauren

Corporation

211,606

2,696

Ross

Stores,

Inc.

395,665

499

Savers

Value

Village,

Inc.

k

9,621

287

Shake

Shack,

Inc.

k

29,857

1,694

SharkNinja,

Inc.

105,519

16,688

Skyline

Champion

Corporation

k

1,418,647

8,587

Sony

Group

Corporation

ADR

736,249

Shares

Common

Stock

(16.4%)

Value

Consumer

Discretionary

(1.9%)

-

continued

16,397

Starbucks

Corporation

$

1,498,522

23,866

Stoneridge,

Inc.

k

440,089

37,191

Tesla,

Inc.

k

6,537,806

4,386

Texas

Roadhouse,

Inc.

677,505

34,014

ThredUp,

Inc.

k

68,028

276

TopBuild

Corporation

k

121,641

7,225

Travel

+

Leisure

Company

353,736

7

Ulta

Beauty,

Inc.

k

3,660

2,811

United

Parks

&

Resorts,

Inc.

k

158,006

2,977

Upbound

Group,

Inc.

104,820

6,026

Urban

Outfitters,

Inc.

k

261,649

87

Vail

Resorts,

Inc.

19,386

140

Visteon

Corporation

k

16,465

7,635

Wendy's

Company

143,843

463

Wingstop,

Inc.

169,643

10,584

Wyndham

Hotels

&

Resorts,

Inc.

812,322

239

XPEL,

Inc.

k

12,911

4,306

Yum

China

Holding,

Inc.

171,336

Total

79,642,842

Consumer

Staples

(0.6%)

36,205

Altria

Group,

Inc.

1,579,262

396

Archer-Daniels-Midland

Company

24,873

2,794

BellRing

Brands,

Inc.

k

164,930

29,148

BJ's

Wholesale

Club

Holdings,

Inc.

k

2,205,046

3,485

Casey's

General

Stores,

Inc.

1,109,798

21,504

Celsius

Holdings,

Inc.

k

1,783,112

56,878

Coca-Cola

Company

3,479,796

702

Costco

Wholesale

Corporation

514,306

51,795

Coty,

Inc.

k

619,468

758

Darling

Ingredients,

Inc.

k

35,255

517

Dollar

Tree,

Inc.

k

68,839

4,794

e.l.f.

Beauty,

Inc.

k

939,768

1,674

Flowers

Foods,

Inc.

39,757

150

Hershey

Company

29,175

4,030

J

&

J

Snack

Foods

Corporation

582,577

885

John

B.

Sanfilippo

&

Son,

Inc.

93,739

32,002

Kenvue,

Inc.

686,763

2,312

Kroger

Company

132,085

8,011

Lamb

Weston

Holdings,

Inc.

853,412

7,310

Lancaster

Colony

Corporation

1,517,775

136

McCormick

&

Company,

Inc.

10,446

14,157

Philip

Morris

International,

Inc.

1,297,064

2,217

Pilgrim's

Pride

Corporation

k

76,087

333

PriceSmart,

Inc.

27,972

9,966

Procter

&

Gamble

Company

1,616,984

16,049

Sysco

Corporation

1,302,858

1,820

Turning

Point

Brands,

Inc.

53,326

2,196

Tyson

Foods,

Inc.

128,971

90,748

Walmart,

Inc.

5,460,307

Total

26,433,751

Energy

(0.6%)

780

Archrock,

Inc.

15,343

13,455

Baker

Hughes

Company

450,743

1,012

Cactus,

Inc.

50,691

1,420

California

Resources

Corporation

78,242

1,474

ChampionX

Corporation

52,902

2,499

Chesapeake

Energy

Corporation

221,986

1,951

Chevron

Corporation

307,751

10,383

ConocoPhillips

1,321,548

1,483

CVR

Energy,

Inc.

52,884

19,258

Devon

Energy

Corporation

966,366

33,558

Enterprise

Products

Partners,

LP

979,222

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

283

Shares

Common

Stock

(16.4%)

Value

Energy

(0.6%)

-

continued

16,945

EOG

Resources,

Inc.

$

2,166,249

5,948

Expro

Group

Holdings

NV

k

118,782

21,605

Exxon

Mobil

Corporation

2,511,365

1,294

Gulfport

Energy

Corporation

k

207,195

75,431

Halliburton

Company

2,973,490

551

International

Seaways,

Inc.

29,313

9,306

Liberty

Energy,

Inc.

192,820

1,962

Magnolia

Oil

&

Gas

Corporation

50,914

10,775

Marathon

Oil

Corporation

305,364

3,581

Marathon

Petroleum

Corporation

721,572

17,124

Matador

Resources

Company

1,143,369

3,788

Murphy

Oil

Corporation

173,112

3,092

Noble

Corporation

plc

149,931

15,729

NOV,

Inc.

307,030

5,521

Ovintiv,

Inc.

286,540

6,418

Par

Pacific

Holdings,

Inc.

k

237,851

1,732

Patterson-UTI

Energy,

Inc.

20,680

4,263

Phillips

66

696,318

13,028

Pioneer

Natural

Resources

Company

3,419,850

20,409

ProPetro

Holding

Corporation

k

164,905

11,321

Schlumberger

NV

620,504

6,633

Shell

plc

ADR

444,676

7,307

SM

Energy

Company

364,254

1,129

Solaris

Oilfield

Infrastructure,

Inc.

9,788

69,752

TechnipFMC

plc

1,751,473

6,969

TETRA

Technologies,

Inc.

k

30,873

2,727

U.S.

Silica

Holdings,

Inc.

k

33,842

5,268

Viper

Energy,

Inc.

202,607

39,799

Williams

Companies,

Inc.

1,550,967

Total

25,383,312

Financials

(2.3%)

1,165

1st

Source

Corporation

61,069

4,867

Allstate

Corporation

842,040

6,560

Ally

Financial,

Inc.

266,270

2,397

Amalgamated

Financial

Corporation

57,528

143

Amerant

Bancorp,

Inc.

3,330

10,730

American

Express

Company

2,443,114

13,904

American

International

Group,

Inc.

1,086,876

5,647

Ameriprise

Financial,

Inc.

2,475,871

389

Ameris

Bancorp

18,820

46

Apollo

Global

Management,

Inc.

5,173

1,717

Arch

Capital

Group,

Ltd.

k

158,719

3,891

Arthur

J.

Gallagher

&

Company

972,906

3,646

Artisan

Partners

Asset

Management,

Inc.

166,877

383

AssetMark

Financial

Holdings,

Inc.

k

13,562

1,018

Associated

Banc-Corp

21,897

600

Assurant,

Inc.

112,944

1,346

Assured

Guaranty,

Ltd.

117,439

267

Atlantic

Union

Bankshares

Corporation

9,428

515

Axis

Capital

Holdings,

Ltd.

33,485

349

Axos

Financial,

Inc.

k

18,860

57,240

Bank

of

America

Corporation

2,170,541

104

Bank

of

Hawaii

Corporation

6,489

2,944

Bank

of

Marin

Bancorp

49,371

1,559

Bank

of

N.T.

Butterfield

&

Son,

Ltd.

49,872

24,774

Bank

of

New

York

Mellon

Corporation

1,427,478

1,296

Bank

OZK

58,916

1,439

BankFinancial

Corporation

15,110

Shares

Common

Stock

(16.4%)

Value

Financials

(2.3%)

-

continued

220

BankUnited,

Inc.

$

6,160

3,785

Banner

Corporation

181,680

167

Bar

Harbor

Bankshares

4,422

463

BayCom

Corporation

9,542

2,707

BCB

Bancorp,

Inc.

28,288

7,540

Berkshire

Hathaway,

Inc.

k

3,170,721

7,415

Berkshire

Hills

Bancorp,

Inc.

169,952

1,301

BlackRock,

Inc.

1,084,644

2,976

Block,

Inc.

k

251,710

21,734

Blue

Owl

Capital,

Inc.

409,903

114

BOK

Financial

Corporation

10,488

3,672

Bridgewater

Bancshares,

Inc.

k

42,742

2,712

Brighthouse

Financial,

Inc.

k

139,776

2,969

BrightSpire

Capital,

Inc.

20,456

12,801

Brookline

Bancorp,

Inc.

127,498

10,496

Brown

&

Brown,

Inc.

918,820

2,418

Business

First

Bancshares,

Inc.

53,873

3,796

Byline

Bancorp,

Inc.

82,449

2,379

Cadence

Bank

68,991

241

Camden

National

Corporation

8,078

167

Capital

City

Bank

Group,

Inc.

4,626

4,441

Capital

One

Financial

Corporation

661,221

6,553

Capitol

Federal

Financial,

Inc.

39,056

19,734

Carlyle

Group,

Inc.

925,722

378

Cathay

General

Bancorp

14,300

4,266

Cboe

Global

Markets,

Inc.

783,792

12,185

Central

Pacific

Financial

Corporation

240,654

15,993

Charles

Schwab

Corporation

1,156,934

9,870

Chubb,

Ltd.

2,557,613

2,731

Cincinnati

Financial

Corporation

339,108

4,548

Citigroup,

Inc.

287,616

1,103

Citizens

Financial

Group,

Inc.

40,028

222

CNA

Financial

Corporation

10,083

2,299

CNB

Financial

Corporation

46,877

453

Coinbase

Global,

Inc.

k

120,099

20,256

Columbia

Banking

System,

Inc.

391,954

12,812

Comerica,

Inc.

704,532

1,903

Commerce

Bancshares,

Inc.

101,240

321

Community

Bank

System,

Inc.

15,418

4,790

Community

Trust

Bancorp,

Inc.

204,294

248

Community

West

Bancshares

4,933

314

ConnectOne

Bancorp,

Inc.

6,123

735

Corpay,

Inc.

k

226,777

916

Cullen/Frost

Bankers,

Inc.

103,114

1,683

Customers

Bancorp,

Inc.

k

89,300

464

CVB

Financial

Corporation

8,278

3,413

Dime

Community

Bancshares,

Inc.

65,734

6,568

Discover

Financial

Services

860,999

2,896

Eagle

Bancorp,

Inc.

68,027

2,736

East

West

Bancorp,

Inc.

216,445

6,073

Ellington

Residential

Mortgage

REIT

41,964

1,121

Employers

Holdings,

Inc.

50,882

2,093

Enova

International,

Inc.

k

131,503

204

Enterprise

Bancorp,

Inc./MA

5,298

5,740

Enterprise

Financial

Services

Corporation

232,814

1,448

Equity

Bancshares,

Inc.

49,768

223

EVERTEC,

Inc.

8,898

9,074

F.N.B.

Corporation

127,943

4,942

FactSet

Research

Systems,

Inc.

2,245,595

13,002

Federated

Hermes,

Inc.

469,632

2,506

Fidelity

National

Information

Services,

Inc.

185,895

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

284

Shares

Common

Stock

(16.4%)

Value

Financials

(2.3%)

-

continued

2,028

Fifth

Third

Bancorp

$

75,462

3,471

Financial

Institutions,

Inc.

65,324

1,058

First

Bancorp/Puerto

Rico

18,557

6,479

First

Bancshares,

Inc.

168,130

21

First

Citizens

BancShares,

Inc./NC

34,335

8,241

First

Commonwealth

Financial

Corporation

114,715

3,170

First

Financial

Bancorp

71,071

1,514

First

Financial

Bankshares,

Inc.

49,674

1,509

First

Financial

Corporation

57,840

586

First

Hawaiian,

Inc.

12,869

9,329

First

Horizon

Corporation

143,667

648

First

Internet

Bancorp

22,512

3,778

First

Interstate

BancSystem,

Inc.

102,799

1,231

First

Merchants

Corporation

42,962

2,220

First

Mid-Illinois

Bancshares,

Inc.

72,550

4,508

First

of

Long

Island

Corporation

49,994

5,307

Fiserv,

Inc.

k

848,165

205

Five

Star

Bancorp

4,613

4,102

Flushing

Financial

Corporation

51,726

1,758

Flywire

Corporation

k

43,616

6,188

Fulton

Financial

Corporation

98,327

9,612

Glacier

Bancorp,

Inc.

387,171

3,363

Global

Payments,

Inc.

449,499

2,670

Great

Southern

Bancorp,

Inc.

146,369

2,042

Green

Dot

Corporation

k

19,052

6,475

Hamilton

Lane,

Inc.

730,121

7,833

Hancock

Whitney

Corporation

360,631

17,929

Hanmi

Financial

Corporation

285,430

1,581

Hanover

Insurance

Group,

Inc.

215,285

2,691

Hartford

Financial

Services

Group,

Inc.

277,308

9,488

Heartland

Financial

USA,

Inc.

333,503

9,101

Heritage

Commerce

Corporation

78,087

7,339

Heritage

Financial

Corporation

142,303

2,355

Home

BancShares,

Inc.

57,862

4,617

Hometrust

Bancshares,

Inc.

126,229

6,913

Hope

Bancorp,

Inc.

79,569

325

Horace

Mann

Educators

Corporation

12,022

5,093

Horizon

Bancorp,

Inc.

65,343

14,528

Houlihan

Lokey,

Inc.

1,862,344

3,785

Huntington

Bancshares,

Inc./OH

52,801

4,289

Independent

Bank

Corporation

223,114

4,060

Independent

Bank

Corporation/MI

102,921

35,856

Intercontinental

Exchange,

Inc.

4,927,690

403

International

Bancshares

Corporation

22,624

4,128

Invesco

Mortgage

Capital,

Inc.

39,959

28,276

Invesco,

Ltd.

469,099

31,038

J.P.

Morgan

Chase

&

Company

6,216,911

5,509

Jack

Henry

&

Associates,

Inc.

957,079

12,436

Janus

Henderson

Group

plc

409,020

4,489

Kearny

Financial

Corporation/MD

28,909

65,530

KeyCorp

1,036,029

4,144

Kinsale

Capital

Group,

Inc.

2,174,523

1,565

KKR

&

Company,

Inc.

157,408

2,797

Lazard,

Inc.

117,110

734

LendingTree,

Inc.

k

31,078

481

M&T

Bank

Corporation

69,957

542

MarketAxess

Holdings,

Inc.

118,834

9,513

Marsh

&

McLennan

Companies,

Inc.

1,959,488

4,667

Mastercard,

Inc.

2,247,487

1,839

Mercantile

Bank

Corporation

70,783

Shares

Common

Stock

(16.4%)

Value

Financials

(2.3%)

-

continued

10,419

MetLife,

Inc.

$

772,152

657

Metropolitan

Bank

Holding

Corporation

k

25,295

10,048

MFA

Financial,

Inc.

114,648

53,453

MGIC

Investment

Corporation

1,195,209

540

Mid

Penn

Bancorp,

Inc.

10,805

3,569

Midland

States

Bancorp,

Inc.

89,689

7,786

MidWestOne

Financial

Group,

Inc.

182,504

1,539

Moody's

Corporation

604,873

5,368

Morgan

Stanley

505,451

4,652

Mr.

Cooper

Group,

Inc.

k

362,623

7,149

MSCI,

Inc.

4,006,657

224

MVB

Financial

Corporation

4,997

40,529

Nasdaq,

Inc.

2,557,380

3,835

National

Bank

Holdings

Corporation

138,328

3,484

Navient

Corporation

60,622

1,192

NCR

Atleos

Corporation

k

23,542

12,479

New

York

Community

Bancorp,

Inc.

e

40,182

15,353

NMI

Holdings,

Inc.

k

496,516

10,942

Northern

Trust

Corporation

972,963

168

Northfield

Bancorp,

Inc.

1,633

170

Northrim

BanCorp,

Inc.

8,587

3,702

Northwest

Bancshares,

Inc.

43,128

20,326

NU

Holdings,

Ltd./Cayman

Islands

k

242,489

13,452

OceanFirst

Financial

Corporation

220,747

4,240

OFG

Bancorp

156,074

3,589

Old

National

Bancorp

62,485

3,013

Old

Republic

International

Corporation

92,559

4,549

Old

Second

Bancorp,

Inc.

62,958

9,266

OneMain

Holdings,

Inc.

473,400

4,436

Pacific

Premier

Bancorp,

Inc.

106,464

1,050

Pathward

Financial,

Inc.

53,004

36,960

PayPal

Holdings,

Inc.

k

2,475,950

900

PCB

Bancorp

14,697

720

PennyMac

Financial

Services,

Inc.

65,585

2,551

Peoples

Bancorp,

Inc./OH

75,535

1,099

Pinnacle

Financial

Partners,

Inc.

94,382

389

PNC

Financial

Services

Group,

Inc.

62,862

1,067

Popular,

Inc.

93,992

3,158

Premier

Financial

Corporation

64,107

273

PROG

Holdings,

Inc.

9,402

2,209

Prosperity

Bancshares,

Inc.

145,308

4,918

Provident

Financial

Services,

Inc.

71,655

1,502

Prudential

Financial,

Inc.

176,335

9,350

Radian

Group,

Inc.

312,945

23,065

Raymond

James

Financial,

Inc.

2,962,007

2,380

Regions

Financial

Corporation

50,075

19,430

Rithm

Capital

Corporation

216,839

4,309

RLI

Corporation

639,757

2,292

S&T

Bancorp,

Inc.

73,527

3,262

Sandy

Spring

Bancorp,

Inc.

75,613

27,653

SEI

Investments

Company

1,988,251

422

ServisFirst

Bancshares,

Inc.

28,004

2,516

Shore

Bancshares,

Inc.

28,934

302

Simmons

First

National

Corporation

5,877

418

SmartFinancial,

Inc.

8,807

237

Southern

First

Bancshares,

Inc.

k

7,527

137

Southern

Missouri

Bancorp,

Inc.

5,988

1,143

SouthState

Corporation

97,189

2,607

State

Street

Corporation

201,573

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

285

Shares

Common

Stock

(16.4%)

Value

Financials

(2.3%)

-

continued

2,754

Stellar

Bancorp,

Inc.

$

67,087

1,491

StepStone

Group,

Inc.

53,288

274

Synchrony

Financial

11,815

2,063

Synovus

Financial

Corporation

82,644

113

T.

Rowe

Price

Group,

Inc.

13,777

1,420

Territorial

Bancorp,

Inc.

11,445

2,138

TPG,

Inc.

95,569

14,932

Tradeweb

Markets,

Inc.

1,555,466

1,914

TriCo

Bancshares

70,397

9,482

Triumph

Financial,

Inc.

k

752,112

482

Truist

Financial

Corporation

18,788

2,545

TrustCo

Bank

Corporation

NY

71,667

6,140

Two

Harbors

Investment

Corporation

81,294

1,904

U.S.

Bancorp

85,109

415

UMB

Financial

Corporation

36,101

1,562

United

Bankshares,

Inc.

55,904

1,032

United

Community

Banks,

Inc.

27,162

2,990

Univest

Financial

Corporation

62,252

853

Unum

Group

45,772

15,738

Valley

National

Bancorp

125,274

3,563

Veritex

Holdings,

Inc.

73,006

8,567

Virtu

Financial,

Inc.

175,795

3,452

Visa,

Inc.

963,384

355

Voya

Financial,

Inc.

26,242

3,388

WaFd,

Inc.

98,354

550

Walker

&

Dunlop,

Inc.

55,583

3,028

Webster

Financial

Corporation

153,732

44,388

Wells

Fargo

&

Company

2,572,728

3,213

Westamerica

Bancorporation

157,051

16,119

Western

Alliance

Bancorp

1,034,679

19,152

Western

Union

Company

267,745

129

Willis

Towers

Watson

plc

35,475

871

Wintrust

Financial

Corporation

90,924

248

WSFS

Financial

Corporation

11,195

1,401

XP,

Inc.

35,950

8,351

Zions

Bancorp

NA

362,433

Total

95,687,013

Health

Care

(2.0%)

21,078

Abbott

Laboratories

2,395,726

7,600

AbbVie,

Inc.

1,383,960

4,166

ACADIA

Pharmaceuticals,

Inc.

k

77,029

21,210

Agilent

Technologies,

Inc.

3,086,267

1,310

Agios

Pharmaceuticals,

Inc.

k

38,304

905

Aldeyra

Therapeutics,

Inc.

k

2,959

3,798

Align

Technology,

Inc.

k

1,245,440

3,543

Alkermes

plc

k

95,909

10,189

Amgen,

Inc.

2,896,937

3,326

Amicus

Therapeutics,

Inc.

k

39,180

5,053

Amneal

Pharmaceuticals,

Inc.

k

30,621

1,450

Anika

Therapeutics,

Inc.

k

36,830

4,533

Arcellx,

Inc.

k

315,270

2,135

Argenx

SE

ADR

k

840,592

5,274

Ascendis

Pharma

AS

ADR

k

797,271

12,593

AstraZeneca

plc

ADR

853,176

58,235

Avantor,

Inc.

k

1,489,069

4,495

Azenta,

Inc.

k

270,959

2,067

Biogen,

Inc.

k

445,707

137

BioMarin

Pharmaceutical,

Inc.

k

11,966

175

Bio-Rad

Laboratories,

Inc.

k

60,527

20,126

Bio-Techne

Corporation

1,416,669

3,430

Bruker

Corporation

322,214

4,333

CareDx,

Inc.

k

45,887

1,804

Centene

Corporation

k

141,578

Shares

Common

Stock

(16.4%)

Value

Health

Care

(2.0%)

-

continued

3,443

Certara,

Inc.

k

$

61,561

2,136

Charles

River

Laboratories

International,

Inc.

k

578,749

1,701

Chemed

Corporation

1,091,923

2,418

Cigna

Group

878,193

589

Codexis,

Inc.

k

2,056

1,972

Cooper

Companies,

Inc.

200,079

17,677

Danaher

Corporation

4,414,300

3,495

Deciphera

Pharmaceuticals,

Inc.

k

54,976

5,524

Definitive

Healthcare

Corporation

k

44,579

3,305

Denali

Therapeutics,

Inc.

k

67,819

17,496

Dentsply

Sirona,

Inc.

580,692

11,121

Dexcom,

Inc.

k

1,542,483

2,112

Dynavax

Technologies

Corporation

k

26,210

9,806

Edwards

Lifesciences

Corporation

k

937,061

36,206

Elanco

Animal

Health,

Inc.

k

589,434

2,762

Elevance

Health,

Inc.

1,432,208

5,615

Eli

Lilly

&

Company

4,368,245

443

Enanta

Pharmaceuticals,

Inc.

k

7,735

11,354

Enovis

Corporation

k

709,057

6,739

Exelixis,

Inc.

k

159,917

7,207

Gilead

Sciences,

Inc.

527,913

10,871

Globus

Medical,

Inc.

k

583,120

7,293

GoodRx

Holdings,

Inc.

k

51,780

7,395

Halozyme

Therapeutics,

Inc.

k

300,829

3,802

ICON

plc

k

1,277,282

81

IDEXX

Laboratories,

Inc.

k

43,734

1,052

Illumina,

Inc.

k

144,461

9,894

Immunocore

Holdings

plc

ADR

k

643,110

686

Incyte

Corporation

k

39,081

4,727

Inspire

Medical

Systems,

Inc.

k

1,015,312

8,292

Intuitive

Surgical,

Inc.

k

3,309,254

597

IQVIA

Holding,

Inc.

k

150,975

1,193

Jazz

Pharmaceuticals,

Inc.

k

143,661

12,813

Johnson

&

Johnson

2,026,889

1,019

Kodiak

Sciences,

Inc.

k

5,360

13,164

Laboratory

Corporation

of

America

Holdings

2,875,807

4,739

Lantheus

Holdings,

Inc.

k

294,955

7,977

Legend

Biotech

Corporation

ADR

k

447,430

62

Ligand

Pharmaceuticals,

Inc.

k

4,532

898

LivaNova

plc

k

50,234

932

Masimo

Corporation

k

136,864

29

Medpace

Holdings,

Inc.

k

11,720

40,543

Medtronic

plc

3,533,322

17,335

Merck

&

Company,

Inc.

2,287,353

5,576

Molina

Healthcare,

Inc.

k

2,290,788

2,022

Myriad

Genetics,

Inc.

k

43,109

5,060

Natera,

Inc.

k

462,788

265

National

HealthCare

Corporation

25,045

8,448

Neogen

Corporation

k

133,309

29,432

Novo

Nordisk

AS

ADR

3,779,069

5,979

Nuvation

Bio,

Inc.

k

21,764

24,807

Option

Care

Health,

Inc.

k

832,027

2,186

Organon

&

Company

41,097

1,360

Pacira

Pharmaceuticals,

Inc.

k

39,739

24,289

Paragon

28,

Inc.

k

299,969

25,911

Progyny,

Inc.

k

988,505

2,533

Prothena

Corporation

plc

k

62,742

1,733

PTC

Therapeutics,

Inc.

k

50,413

724

QIAGEN

NV

31,125

676

QuidelOrtho

Corporation

k

32,407

3,302

Recursion

Pharmaceuticals,

Inc.

k

32,921

6,787

Repligen

Corporation

k

1,248,265

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

286

Shares

Common

Stock

(16.4%)

Value

Health

Care

(2.0%)

-

continued

4,011

Rocket

Pharmaceuticals,

Inc.

k

$

108,056

1,283

Royalty

Pharma

plc

38,965

4,526

Sarepta

Therapeutics,

Inc.

k

585,936

29,679

scPharmaceuticals,

Inc.

k

148,989

1,823

Sensus

Healthcare,

Inc.

k

6,927

4,916

Shockwave

Medical,

Inc.

k

1,600,797

1,581

Stryker

Corporation

565,792

678

Teleflex,

Inc.

153,343

1,969

TG

Therapeutics,

Inc.

k

29,949

6,108

Thermo

Fisher

Scientific,

Inc.

3,550,031

2,281

UnitedHealth

Group,

Inc.

1,128,411

1,537

Vanda

Pharmaceuticals,

Inc.

k

6,317

7,608

Veeva

Systems,

Inc.

k

1,762,698

5,670

Veracyte,

Inc.

k

125,647

11,731

Vericel

Corporation

k

610,247

4,623

Vertex

Pharmaceuticals,

Inc.

k

1,932,460

4,557

Viemed

Healthcare,

Inc.

k

42,973

762

West

Pharmaceutical

Services,

Inc.

301,531

1,473

Zentalis

Pharmaceuticals,

Inc.

k

23,215

9,413

Zimmer

Biomet

Holdings,

Inc.

1,242,328

18,571

Zoetis,

Inc.

3,142,399

Total

83,514,395

Industrials

(2.1%)

2,706

A.O.

Smith

Corporation

242,079

294

Acuity

Brands,

Inc.

79,007

10,614

Advanced

Drainage

Systems,

Inc.

1,828,155

6,122

AECOM

600,446

1,458

AGCO

Corporation

179,363

2,554

Air

Lease

Corporation

131,378

4,752

Alight,

Inc.

k

46,807

1,850

Allison

Transmission

Holdings,

Inc.

150,146

11,793

AMETEK,

Inc.

2,156,940

5,544

Armstrong

World

Industries,

Inc.

688,676

15,384

ASGN,

Inc.

k

1,611,628

1,251

Atmus

Filtration

Technologies,

Inc.

k

40,345

7,485

Automatic

Data

Processing,

Inc.

1,869,304

255

Axon

Enterprise,

Inc.

k

79,784

1,471

AZEK

Company,

Inc.

k

73,874

1,317

AZZ,

Inc.

101,817

20,363

Badger

Infrastructure

Solutions,

Ltd.

754,658

5,445

Beacon

Roofing

Supply,

Inc.

k

533,719

74

Brady

Corporation

4,387

1,573

BWX

Technologies,

Inc.

161,421

4,999

Carlisle

Companies,

Inc.

1,958,858

5,303

Casella

Waste

Systems,

Inc.

k

524,308

8,021

Caterpillar,

Inc.

2,939,135

528

Cimpress

plc

k

46,733

56,944

CNH

Industrial

NV

737,994

142

Columbus

McKinnon

Corporation

6,337

1,081

CSW

Industrials,

Inc.

253,603

98,373

CSX

Corporation

3,646,687

1,397

Cummins,

Inc.

411,626

2,187

Curtiss-Wright

Corporation

559,741

16,531

Delta

Air

Lines,

Inc.

791,339

2,451

Donaldson

Company,

Inc.

183,041

21

Dover

Corporation

3,721

2,760

EMCOR

Group,

Inc.

966,552

159

Equifax,

Inc.

42,536

97

ESCO

Technologies,

Inc.

10,384

59,135

ExlService

Holdings,

Inc.

k

1,880,493

1,982

Expeditors

International

of

Washington,

Inc.

240,952

Shares

Common

Stock

(16.4%)

Value

Industrials

(2.1%)

-

continued

80,066

Fastenal

Company

$

6,176,291

9,909

Ferguson

plc

2,164,423

25,087

Flowserve

Corporation

1,145,974

10,329

Fluor

Corporation

k

436,710

3,697

Gates

Industrial

Corporation

plc

k

65,474

3,904

General

Dynamics

Corporation

1,102,841

1,389

Gibraltar

Industries,

Inc.

k

111,856

61

GMS,

Inc.

k

5,938

446

Gorman-Rupp

Company

17,639

6,010

Graco,

Inc.

561,695

1,413

Greenbrier

Companies,

Inc.

73,617

675

Griffon

Corporation

49,504

10,087

Helios

Technologies,

Inc.

450,788

780

Herc

Holdings,

Inc.

131,274

3,957

Hillman

Solutions

Corporation

k

42,102

4,559

Honeywell

International,

Inc.

935,735

70,495

Howmet

Aerospace,

Inc.

4,823,973

580

Huntington

Ingalls

Industries,

Inc.

169,053

6,017

IDEX

Corporation

1,468,268

20,588

Ingersoll

Rand,

Inc.

1,954,831

1,844

Interface,

Inc.

31,016

1,034

ITT

Corporation

140,655

46,787

Janus

International

Group,

Inc.

k

707,887

3,520

JB

Hunt

Transport

Services,

Inc.

701,360

226

Johnson

Controls

International

plc

14,762

3,184

Kennametal,

Inc.

79,409

3,678

Kratos

Defense

&

Security

Solutions,

Inc.

k

67,602

3,712

L3Harris

Technologies,

Inc.

791,027

15,815

Legalzoom.com,

Inc.

k

210,972

866

Leidos

Holdings,

Inc.

113,524

4,640

Lincoln

Electric

Holdings,

Inc.

1,185,242

4,947

Lyft,

Inc.

k

95,724

702

ManpowerGroup,

Inc.

54,503

9,279

Masco

Corporation

731,927

4,396

Masterbrand,

Inc.

k

82,381

1,239

Matson,

Inc.

139,264

1,035

Maximus,

Inc.

86,836

7,135

Middleby

Corporation

k

1,147,237

1,441

Miller

Industries,

Inc.

72,194

410

Moog,

Inc.

65,456

1,820

MSC

Industrial

Direct

Company,

Inc.

176,613

4,600

Mueller

Water

Products,

Inc.

74,014

443

MYR

Group,

Inc.

k

78,300

139

National

Presto

Industries,

Inc.

11,648

1,696

NEXTracker,

Inc.

k

95,434

4,926

Northrop

Grumman

Corporation

2,357,879

21,307

nVent

Electric

plc

1,606,548

6,106

Old

Dominion

Freight

Line,

Inc.

1,339,107

6,599

Oshkosh

Corporation

822,961

1,204

Otis

Worldwide

Corporation

119,521

12,378

Owens

Corning,

Inc.

2,064,650

5,526

PACCAR,

Inc.

684,616

848

Parker-Hannifin

Corporation

471,310

614

Paycom

Software,

Inc.

122,192

680

Paylocity

Holding

Corporation

k

116,865

16,940

Pentair

plc

1,447,354

592

Quanta

Services,

Inc.

153,802

8,301

Regal

Rexnord

Corporation

1,495,010

623

Republic

Services,

Inc.

119,267

1,892

Resideo

Technologies,

Inc.

k

42,419

2,841

Rockwell

Automation,

Inc.

827,668

1,355

Rush

Enterprises,

Inc.

72,520

2,532

Saia,

Inc.

k

1,481,220

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

287

Shares

Common

Stock

(16.4%)

Value

Industrials

(2.1%)

-

continued

10,466

Schneider

National,

Inc.

$

236,950

5,946

Sensata

Technologies

Holding

plc

218,456

2,932

Simpson

Manufacturing

Company,

Inc.

601,588

3,001

SiteOne

Landscape

Supply,

Inc.

k

523,824

4,348

SkyWest,

Inc.

k

300,360

186

Snap-On,

Inc.

55,097

1,718

Southwest

Airlines

Company

50,148

1,402

SS&C

Technologies

Holdings,

Inc.

90,247

1,554

Standex

International

Corporation

283,170

532

Sterling

Construction

Company,

Inc.

k

58,685

980

Tennant

Company

119,178

2,818

Terex

Corporation

181,479

2,303

Textron,

Inc.

220,927

284

Thermon

Group

Holdings,

Inc.

k

9,292

6,162

Timken

Company

538,744

511

Titan

Machinery,

Inc.

k

12,678

8,595

Trane

Technologies

plc

2,580,219

14,021

TransUnion

1,118,876

853

Trex

Company,

Inc.

k

85,087

52,039

Uber

Technologies,

Inc.

k

4,006,483

56

UniFirst

Corporation/MA

9,712

20,552

United

Parcel

Service,

Inc.

3,054,644

503

United

Rentals,

Inc.

362,718

6,056

Upwork,

Inc.

k

74,247

68

Valmont

Industries,

Inc.

15,523

3,641

Verra

Mobility

Corporation

k

90,916

1,635

Vertiv

Holdings

Company

133,530

1,974

Watsco,

Inc.

852,709

5,702

WillScot

Mobile

Mini

Holdings

Corporation

k

265,143

Total

86,876,486

Information

Technology

(4.5%)

1,451

Accenture

plc

502,931

10,208

Adobe,

Inc.

k

5,150,957

30,303

Advanced

Micro

Devices,

Inc.

k

5,469,388

4,842

Agilysys,

Inc.

k

407,987

1,669

Ambarella,

Inc.

k

84,735

26,820

Amphenol

Corporation

3,093,687

131,239

Apple,

Inc.

22,504,864

19,905

Applied

Materials,

Inc.

4,105,008

1,531

AppLovin

Corporation

k

105,976

5,928

Arista

Networks,

Inc.

k

1,719,001

5,679

Autodesk,

Inc.

k

1,478,925

1,558

Broadcom,

Inc.

2,064,989

12,174

CDW

Corporation

3,113,866

8,272

Ciena

Corporation

k

409,050

54,010

Cisco

Systems,

Inc.

2,695,639

3,439

Clearwater

Analytics

Holdings,

Inc.

k

60,836

110

Cognizant

Technology

Solutions

Corporation

8,062

1,076

Coherent

Corporation

k

65,227

1,700

Cohu,

Inc.

k

56,661

6,694

CommScope

Holding

Company,

Inc.

k

8,769

526

CommVault

Systems,

Inc.

k

53,352

3,787

Crane

NXT

Company

234,415

2,004

Credo

Technology

Group

Holding,

Ltd.

k

42,465

4,568

CyberArk

Software,

Ltd.

k

1,213,398

1,396

Datadog,

Inc.

k

172,546

6,644

Descartes

Systems

Group,

Inc.

k

608,125

Shares

Common

Stock

(16.4%)

Value

Information

Technology

(4.5%)

-

continued

42

DocuSign,

Inc.

k

$

2,501

4,159

Dolby

Laboratories,

Inc.

348,399

16,870

Dropbox,

Inc.

k

409,941

19,104

Dynatrace

Holdings,

LLC

k

887,190

567

Elastic

NV

k

56,836

3,621

Enphase

Energy,

Inc.

k

438,069

654

EPAM

Systems,

Inc.

k

180,609

316

F5,

Inc.

k

59,910

3,527

Fabrinet

k

666,674

50

First

Solar,

Inc.

k

8,440

23,465

Flex,

Ltd.

k

671,334

382

FormFactor,

Inc.

k

17,431

33,984

Fortinet,

Inc.

k

2,321,447

12

Gartner,

Inc.

k

5,720

3,767

Gilat

Satellite

Networks,

Ltd.

k

20,455

19,100

Gitlab,

Inc.

k

1,113,912

4,201

Globant

SA

k

848,182

25,543

Grid

Dynamics

Holdings,

Inc.

k

313,923

17,518

Guidewire

Software,

Inc.

k

2,044,526

5,119

Hackett

Group,

Inc.

124,392

1,712

Hewlett

Packard

Enterprise

Company

30,354

103

HP,

Inc.

3,113

2,410

HubSpot,

Inc.

k

1,510,010

199

Insight

Enterprises,

Inc.

k

36,918

2,617

International

Business

Machines

Corporation

499,742

1,129

IPG

Photonics

Corporation

k

102,389

1,315

Itron,

Inc.

k

121,664

40,013

JFrog,

Ltd.

k

1,769,375

2,032

Keysight

Technologies,

Inc.

k

317,764

1,997

KLA

Corporation

1,395,044

4,026

Knowles

Corporation

k

64,819

2,337

Kyndryl

Holdings,

Inc.

k

50,853

1,904

Lam

Research

Corporation

1,849,869

25,771

Lattice

Semiconductor

Corporation

k

2,016,065

2,547

Littelfuse,

Inc.

617,265

2,414

LiveRamp

Holding,

Inc.

k

83,283

3,884

Marvell

Technology,

Inc.

275,298

332

Microchip

Technology,

Inc.

29,784

84,750

Microsoft

Corporation

35,656,020

1,240

MKS

Instruments,

Inc.

164,920

2,377

MongoDB,

Inc.

k

852,487

2,176

Monolithic

Power

Systems,

Inc.

1,474,066

1,170

Motorola

Solutions,

Inc.

415,327

5,686

NetApp,

Inc.

596,859

675

NICE,

Ltd.

ADR

k

175,918

3,837

Nova,

Ltd.

k

680,607

30,392

NVIDIA

Corporation

27,460,995

960

ON

Semiconductor

Corporation

k

70,608

3,628

Onto

Innovation,

Inc.

k

656,958

157

OSI

Systems,

Inc.

k

22,423

13,999

PagerDuty,

Inc.

k

317,497

4,702

Palo

Alto

Networks,

Inc.

k

1,335,979

9,660

PDF

Solutions,

Inc.

k

325,252

888

Plexus

Corporation

k

84,200

378

Procore

Technologies,

Inc.

k

31,060

8,307

PTC,

Inc.

k

1,569,525

4,229

Q2

Holdings,

Inc.

k

222,276

1,020

Qorvo,

Inc.

k

117,127

48,802

QUALCOMM,

Inc.

8,262,179

1,646

Rapid7,

Inc.

k

80,720

1,045

RingCentral,

Inc.

k

36,303

19,005

Salesforce,

Inc.

5,723,926

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

288

Shares

Common

Stock

(16.4%)

Value

Information

Technology

(4.5%)

-

continued

21,699

Samsung

Electronics

Company,

Ltd.

$

1,304,056

8,229

ServiceNow,

Inc.

k

6,273,790

26,076

Shopify,

Inc.

k

2,012,285

3,562

Silicon

Laboratories,

Inc.

k

511,931

1,897

Skyworks

Solutions,

Inc.

205,483

5,546

SolarWinds

Corporation

k

69,991

1,591

Sprinklr,

Inc.

k

19,522

18,566

Sprout

Social,

Inc.

k

1,108,576

2,981

SPS

Commerce,

Inc.

k

551,187

2,614

Synopsys,

Inc.

k

1,493,901

3,025

Taiwan

Semiconductor

Manufacturing

Company,

Ltd.

ADR

411,551

8,468

TE

Connectivity,

Ltd.

1,229,892

259

Teledyne

Technologies,

Inc.

k

111,194

1,446

Tenable

Holdings,

Inc.

k

71,476

1,438

Teradata

Corporation

k

55,607

64

Teradyne,

Inc.

7,221

18,064

Trimble,

Inc.

k

1,162,599

34,076

TTM

Technologies,

Inc.

k

533,289

7,966

Tyler

Technologies,

Inc.

k

3,385,630

6,128

Unisys

Corporation

k

30,088

3,524

Universal

Display

Corporation

593,618

3,131

Upland

Software,

Inc.

k

9,675

18,365

Varonis

Systems,

Inc.

k

866,277

7,509

VeriSign,

Inc.

k

1,423,031

6,796

Viavi

Solutions,

Inc.

k

61,776

7,286

Vishay

Intertechnology,

Inc.

165,246

8,047

Vontier

Corporation

365,012

6,695

Workiva,

Inc.

k

567,736

1,388

Xerox

Holdings

Corporation

24,845

Total

187,704,076

Materials

(0.4%)

695

Albemarle

Corporation

91,559

1,383

Alcoa

Corporation

46,732

586

AptarGroup,

Inc.

84,320

187

Avery

Dennison

Corporation

41,748

3,787

Avient

Corporation

164,356

7,446

Axalta

Coating

Systems,

Ltd.

k

256,068

2,872

Ball

Corporation

193,458

629

Berry

Plastics

Group,

Inc.

38,042

579

Carpenter

Technology

Corporation

41,352

3,591

Celanese

Corporation

617,149

9,769

CF

Industries

Holdings,

Inc.

812,878

9,937

Chemours

Company

260,946

6,070

Cleveland-Cliffs,

Inc.

k

138,032

7,869

Corteva,

Inc.

453,805

2,635

Eagle

Materials,

Inc.

716,061

6,769

Eastman

Chemical

Company

678,389

381

Greif,

Inc.

26,308

1,395

Huntsman

Corporation

36,312

2,931

Ingevity

Corporation

k

139,809

2,355

Innospec,

Inc.

303,654

4,946

Ivanhoe

Mines,

Ltd.

k

59,007

674

Kaiser

Aluminum

Corporation

60,229

7,516

Linde

plc

3,489,829

2,825

Louisiana-Pacific

Corporation

237,046

261

LyondellBasell

Industries

NV

26,695

2,476

Martin

Marietta

Materials,

Inc.

1,520,115

1,898

Metallus,

Inc.

k

42,230

163

Minerals

Technologies,

Inc.

12,271

9,204

Mosaic

Company

298,762

658

Myers

Industries,

Inc.

15,246

Shares

Common

Stock

(16.4%)

Value

Materials

(0.4%)

-

continued

15,758

Nucor

Corporation

$

3,118,508

3,885

O-I

Glass,

Inc.

k

64,452

2,174

Orion

SA

51,132

707

PPG

Industries,

Inc.

102,444

140

Quaker

Chemical

Corporation

28,735

2,224

Radius

Recycling,

Inc.

46,993

32,945

Ranpak

Holdings

Corporation

k

259,277

320

Reliance,

Inc.

106,938

7,177

RPM

International,

Inc.

853,704

561

Ryerson

Holding

Corporation

18,793

2,266

Steel

Dynamics,

Inc.

335,889

11,275

Summit

Materials,

Inc.

k

502,527

5,096

SunCoke

Energy,

Inc.

57,432

700

TriMas

Corporation

18,711

8,854

Trinseo

plc

33,468

20,822

Tronox

Holdings

plc

361,262

307

United

States

Lime

&

Minerals,

Inc.

91,529

5,841

United

States

Steel

Corporation

238,196

1,408

Vulcan

Materials

Company

384,271

Total

17,576,669

Real

Estate

(0.5%)

17,203

Agree

Realty

Corporation

982,635

935

Alexandria

Real

Estate

Equities,

Inc.

120,531

867

Anywhere

Real

Estate,

Inc.

k

5,358

8,264

AvalonBay

Communities,

Inc.

1,533,468

2,391

Brixmor

Property

Group,

Inc.

56,069

1,787

CareTrust

REIT,

Inc.

43,549

13,076

CBRE

Group,

Inc.

k

1,271,510

36

Chatham

Lodging

Trust

364

28,821

Compass,

Inc.

k

103,756

14,331

CoStar

Group,

Inc.

k

1,384,375

6,203

Crown

Castle,

Inc.

656,464

28,540

Cushman

and

Wakefield

plc

k

298,528

4,126

DigitalBridge

Group,

Inc.

79,508

5,220

Douglas

Elliman,

Inc.

k

8,248

3,684

EastGroup

Properties,

Inc.

662,273

3,374

Elme

Communities

46,966

8,226

EPR

Properties

349,194

33,589

Equity

Commonwealth

k

634,160

2,989

Equity

Residential

188,636

67,335

Essential

Properties

Realty

Trust,

Inc.

1,795,151

626

Essex

Property

Trust,

Inc.

153,251

423

Extra

Space

Storage,

Inc.

62,181

3,503

First

Industrial

Realty

Trust,

Inc.

184,048

2,324

FirstService

Corporation

385,319

289

Forestar

Group,

Inc.

k

11,615

16,340

Four

Corners

Property

Trust,

Inc.

399,840

6,435

Getty

Realty

Corporation

175,997

34,562

Healthcare

Realty

Trust,

Inc.

489,052

1,408

Howard

Hughes

Holdings,

Inc.

k

102,249

12,157

Independence

Realty

Trust,

Inc.

196,092

5,031

Industrial

Logistics

Properties

Trust

21,583

20,791

Invitation

Homes,

Inc.

740,368

6,665

Kennedy-Wilson

Holdings,

Inc.

57,186

25,369

LXP

Industrial

Trust

228,828

9,683

National

Storage

Affiliates

Trust

379,186

12,802

NetSTREIT

Corporation

235,173

10,468

NNN

REIT,

Inc.

447,402

7,277

Park

Hotels

&

Resorts,

Inc.

127,275

1,763

Peakstone

Realty

Trust

28,437

8,534

Pebblebrook

Hotel

Trust

131,509

29,935

Phillips

Edison

and

Company,

Inc.

1,073,768

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

289

Shares

Common

Stock

(16.4%)

Value

Real

Estate

(0.5%)

-

continued

1,081

Plymouth

Industrial

REIT,

Inc.

$

24,323

5,158

Retail

Opportunity

Investments

Corporation

66,126

3,043

Rexford

Industrial

Realty,

Inc.

153,063

6,755

RLJ

Lodging

Trust

79,844

792

RMR

Group,

Inc.

19,008

3,489

Sabra

Health

Care

REIT,

Inc.

51,533

13,922

SBA

Communications

Corporation

3,016,897

23,272

STAG

Industrial,

Inc.

894,576

6,159

Summit

Hotel

Properties,

Inc.

40,095

3,138

Tanger,

Inc.

92,665

23,156

Terreno

Realty

Corporation

1,537,558

14,413

UDR,

Inc.

539,190

2,073

Ventas,

Inc.

90,258

1,582

Welltower,

Inc.

147,822

1,869

Zillow

Group,

Inc.

k

89,450

3,372

Zillow

Group,

Inc.

Class

C

k

164,486

Total

22,857,996

Utilities

(0.3%)

566

ALLETE,

Inc.

33,756

2,170

Alliant

Energy

Corporation

109,368

587

American

States

Water

Company

42,405

6,596

American

Water

Works

Company,

Inc.

806,097

119

Artesian

Resources

Corporation

4,416

3,756

CenterPoint

Energy,

Inc.

107,008

12,642

Clearway

Energy,

Inc.,

Class

A

271,929

16,050

Clearway

Energy,

Inc.,

Class

C

369,952

5,228

Constellation

Energy

Corporation

966,396

8,229

Duke

Energy

Corporation

795,827

6,532

Entergy

Corporation

690,302

51,686

Evergy,

Inc.

2,758,999

6,188

Eversource

Energy

369,857

464

NextEra

Energy

Partners,

LP

13,957

4,133

NiSource,

Inc.

114,319

2,190

Northwestern

Energy

Group,

Inc.

111,537

2,344

OGE

Energy

Corporation

80,399

4,043

PNM

Resources,

Inc.

152,179

21,447

Portland

General

Electric

Company

900,774

10,008

Public

Service

Enterprise

Group,

Inc.

668,334

649

Spire,

Inc.

39,829

42,501

UGI

Corporation

1,042,975

37,502

Xcel

Energy,

Inc.

2,015,732

Total

12,466,347

Total

Common

Stock

(cost

$448,489,046)

687,671,923

Shares

Private

Equity

Funds

(

0.3%

)

Value

Secondary

(0.3%)

1

ASF

IX,

LP

*,k,l

2,294,375

1

Crown

Global

Secondaries

VI

Feeder

SA,

SICAV-RAIF

*,k,l

395,180

1

LCP

X

(Offshore),

LP

*,k,l

9,037,993

Total

11,727,548

Total

Private

Equity

Funds

(cost

$9,054,287)

11,727,548

Shares

Collateral

Held

for

Securities

Loaned

(

0.3%

)

Value

10,461,302

Thrivent

Cash

Management

Trust

$

10,461,302

Total

Collateral

Held

for

Securities

Loaned

(cost

$10,461,302)

10,461,302

Shares

or

Principal

Amount

Short-Term

Investments

(

10.0%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

6,700,000

5.228%,

4/3/2024

m,n

6,694,216

6,000,000

5.210%,

4/10/2024

m,n

5,988,777

6,600,000

5.205%,

4/12/2024

m,n

6,585,755

5,300,000

5.214%,

4/17/2024

m,n

5,284,748

100,000

5.207%,

4/26/2024

m,n

99,583

700,000

5.230%,

5/8/2024

m,n

695,838

600,000

5.210%,

5/21/2024

m,n

595,302

200,000

5.238%,

5/22/2024

m,n

198,405

100,000

5.250%,

5/29/2024

m,n

99,101

1,000,000

5.229%,

6/7/2024

m,n

989,813

800,000

5.235%,

6/20/2024

m,n

790,359

Thrivent

Core

Short-Term

Reserve

Fund

38,988,520

5.590%

389,885,199

U.S.

Treasury

Bills

400,000

5.220%,

4/11/2024

m,o

399,418

400,000

5.218%,

5/16/2024

m,o

397,385

Total

Short-Term

Investments

(cost

$418,527,769)

418,703,899

Total

Investments

(cost

$3,956,757,917)

102.1%

$4,272,392,547

Other

Assets

and

Liabilities,

Net

(2.1%)

(88,565,344)

Total

Net

Assets

100.0%

$4,183,827,203

a

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

March

28,

2024,

the

value

of

these

investments

was

$234,360,883

or

5.6%

of

total

net

assets.

b

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

March

28,

2024.

c

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

March

28,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

d

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

e

All

or

a

portion

of

the

security

is

on

loan.

f

Denotes

interest

only

security.  Interest

only

securities

represent

the

right

to

receive

monthly

interest

payments

on

an

underlying

pool

of

mortgages

or

assets.  The

principal

shown

is

the

outstanding

par

amount

of

the

pool

as

of

the

end

of

the

period.

The

actual

effective

yield

of

the

security

is

different

than

the

stated

coupon

rate.

g

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

290

h

Denotes

payment-in-kind

security.  The

security

may

pay

an

interest

or

dividend

payment

with

additional

fixed

income

or

equity

securities

in

lieu

of,

or

in

addition

to

a

cash

payment.  The

cash

rate

and/or

payment-in-kind

rate

shown

are

as

of

March

28,

2024.

i

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

j

Defaulted

security.  Interest

is

not

being

accrued.

k

Non-income

producing

security.

l

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

m

The

interest

rate

shown

reflects

the

yield.

n

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

o

At

March

28,

2024,

$163,050

of

investments

were

segregated

to

cover

exposure

to

a

counterparty

for

margin

on

open

mortgage-backed

security

transactions.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Moderately

Conservative

Allocation

Portfolio

as

of

March

28,

2024

was

$11,727,548

or

0.28%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

March

28,

2024.

Security

Acquisition

Date

Cost

ASF

IX,

LP 

3/18/2024

$

1,599,928

Crown

Global

Secondaries

VI

Feeder

SA,

SICAV-RAIF 

2/15/2024

384,000

LCP

X

(Offshore),

LP 

10/25/2023

7,070,359

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Moderately

Conservative

Allocation

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

10,022,665

Common

Stock

37,996

Total

lending

$10,060,661

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$10,461,302

Net

amounts

due

to

counterparty

$400,641

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

CLO

-

Collateralized

Loan

Obligation

ETF

-

Exchange

Traded

Fund

PIK

-

Payment-In-Kind

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Reference

Rate

Index:

LIBOR

1M

-

ICE

Libor

USD

Rate

1

Month

SOFR30A

-

Secured

Overnight

Financing

Rate

30

Year

Average

TSFR1M

-

CME

Term

SOFR

1

Month

TSFR3M

-

CME

Term

SOFR

3

Month

USISOA05

-

USD

SOFR

Spread-Adjusted

ICE

Swap

Rate

5

Year

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

291

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Moderately

Conservative

Allocation

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Asset-Backed

Securities

34,529,387

–

34,529,387

–

Basic

Materials

13,684,297

–

13,684,297

–

Capital

Goods

28,175,012

–

28,175,012

–

Collateralized

Mortgage

Obligations

72,759,760

–

72,759,760

–

Commercial

Mortgage-Backed

Securities

48,081,260

–

48,081,260

–

Communications

Services

46,558,170

–

46,558,170

–

Consumer

Cyclical

45,471,399

–

45,471,399

–

Consumer

Non-Cyclical

53,071,474

–

53,071,474

–

Energy

41,026,570

–

41,026,570

–

Financials

133,450,729

–

133,450,729

–

Foreign

Government

871,893

–

871,893

–

Mortgage-Backed

Securities

482,416,116

–

482,416,116

–

Technology

29,477,150

–

29,477,150

–

Transportation

10,031,807

–

10,031,807

–

U.S.

Government

&

Agencies

521,433,826

–

521,433,826

–

Utilities

30,244,519

–

30,244,519

–

Registered

Investment

Companies

U.S.

Affiliated

1,230,579,324

1,230,579,324

–

–

U.S.

Unaffiliated

25,196,463

25,196,463

–

–

Common

Stock

Communications

Services

49,529,036

49,467,514

61,522

–

Consumer

Discretionary

79,642,842

79,642,842

–

–

Consumer

Staples

26,433,751

26,433,751

–

–

Energy

25,383,312

25,383,312

–

–

Financials

95,687,013

95,687,013

–

–

Health

Care

83,514,395

83,514,395

–

–

Industrials

86,876,486

86,121,828

754,658

–

Information

Technology

187,704,076

186,400,020

1,304,056

–

Materials

17,576,669

17,517,662

59,007

–

Real

Estate

22,857,996

22,857,996

–

–

Utilities

12,466,347

12,466,347

–

–

Private

Equity

Funds

Secondary

11,727,548

–

–

11,727,548

Short-Term

Investments

28,818,700

–

28,818,700

–

Subtotal

Investments

in

Securities

$3,575,277,327

$1,941,268,467

$1,622,281,312

$11,727,548

Other

Investments  *

Total

Affiliated

Short-Term

Investments

389,885,199

U.S.

Affiliated

Registered

Investment

Cos.

296,768,719

Collateral

Held

for

Securities

Loaned

10,461,302

Subtotal

Other

Investments

$697,115,220

Total

Investments

at

Value

$4,272,392,547

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Moderately

Conservative

Allocation

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

7,632,762

7,632,762

–

–

Total

Asset

Derivatives

$7,632,762

$7,632,762

$–

$–

Liability

Derivatives

Futures

Contracts

6,966,270

6,966,270

–

–

Total

Liability

Derivatives

$6,966,270

$6,966,270

$–

$–

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

292

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

S&P

-

Standard

&

Poor's

The

following

table

presents

Moderately

Conservative

Allocation

Portfolio's

futures

contracts

held

as

of

March

28,

2024.

Investments

and/or

cash

totaling

$24,969,873

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Amount

Value

and

Unrealized

CBOT

10-Yr.

U.S.

Treasury

Note

30

June

2024

$

3,312,740

$

11,167

CBOT

2-Yr.

U.S.

Treasury

Note

728

June

2024

149,074,979

(

210,350)

CBOT

5-Yr.

U.S.

Treasury

Note

85

June

2024

9,085,926

10,402

CBOT

U.S.

Long

Bond

347

June

2024

41,323,106

468,707

CME

E-mini

Russell

2000

Index

9

June

2024

948,932

16,723

CME

E-mini

S&P

500

Index

1,479

June

2024

386,407,991

6,155,584

CME

E-mini

S&P

Mid-Cap

400

Index

3

June

2024

894,721

28,499

CME

Ultra

Long

Term

U.S.

Treasury

Bond

104

June

2024

13,283,866

132,134

ICE

mini

MSCI

EAFE

Index

848

June

2024

100,161,995

(

220,955)

ICE

US

mini

MSCI

Emerging

Markets

Index

18

June

2024

946,689

(

2,589)

Ultra

10-Yr.

U.S.

Treasury

Note

40

June

2024

4,563,548

20,827

Total

Futures

Long

Contracts

$

710,004,493

$

6,410,149

CBOT

10-Yr.

U.S.

Treasury

Note

(18)

June

2024

(

$

2,001,888)

$

7,544

CME

E-mini

Russell

2000

Index

(861)

June

2024

(

90,888,939)

(

1,492,056)

CME

E-mini

S&P

Mid-Cap

400

Index

(495)

June

2024

(

148,423,900)

(

3,907,400)

CME

Euro

Foreign

Exchange

Currency

(361)

June

2024

(

49,613,194)

781,175

Eurex

Euro

STOXX

50

Index

(924)

June

2024

(

49,188,600)

(

1,132,920)

Total

Futures

Short

Contracts

(

$

340,116,521)

($5,743,657)

Total

Futures

Contracts

$

369,887,972

$666,492

Moderately

Conservative

Allocation

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

293

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Moderately

Conservative

Allocation

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$140,309

$2,030

$6,348

$137,149

17,016

3.3%

Core

Emerging

Markets

Equity

36,993

–

–

38,563

4,242

0.9

Core

International

Equity

33,935

–

–

35,679

3,353

0.9

Core

Low

Volatility

Equity

23,442

–

21,600

2,027

183

<0.1

Core

Mid

Cap

Value

42,522

–

–

45,247

4,008

1.1

Core

Small

Cap

Value

35,934

–

–

38,103

3,615

0.9

Global

Stock

58,754

–

–

63,664

4,279

1.5

High

Yield

97,012

1,455

2,551

95,552

23,019

2.3

Income

291,884

3,000

8,718

282,882

32,292

6.8

International

Allocation

81,309

–

–

85,130

8,573

2.0

International

Index

22,311

–

–

23,587

1,678

0.6

Large

Cap

Value

294,402

–

–

320,280

13,395

7.7

Limited

Maturity

Bond

164,920

1,463

5,112

161,486

16,776

3.8

Mid

Cap

Stock

101,811

–

–

113,976

5,177

2.7

Small

Cap

Stock

79,077

–

–

84,021

4,450

2.0

Total

U.S.

Affiliated

Registered

Investment

Companies

1,504,615

1,527,346

36.5

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

469,090

219,885

299,090

389,885

38,989

9.3

Total

Affiliated

Short-Term

Investments

469,090

389,885

9.3

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

14,564

34,688

38,791

10,461

10,461

0.3

Total

Collateral

Held

for

Securities

Loaned

14,564

10,461

0.3

Total

Value

$1,988,269

$1,927,692

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

($1,650)

$2,808

$

–

$2,030

Core

Emerging

Markets

Equity

–

1,570

–

–

Core

International

Equity

–

1,744

–

–

Core

Low

Volatility

Equity

644

(459

)

–

–

Core

Mid

Cap

Value

Fund

–

2,725

–

–

Core

Small

Cap

Value

Fund

–

2,169

–

–

Global

Stock

–

4,910

–

–

High

Yield

(401)

37

–

1,453

Income

(1,288)

(1,996)

–

2,996

International

Allocation

–

3,821

–

–

International

Index

–

1,276

–

–

Large

Cap

Value

–

25,878

–

–

Limited

Maturity

Bond

(110)

325

–

1,464

Mid

Cap

Stock

–

12,165

–

–

Small

Cap

Stock

–

4,944

–

–

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

–

–

–

5,884

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$13,827

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

15

Total

Affiliated

Income

from

Securities

Loaned,

Net

$15

Total

Value

($2,805)

$61,917

$

–

Multidimensional

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

294

Principal

Amount

Long-Term

Fixed

Income

(

75

.0

%

)

Value

Basic

Materials

(1.8%)

ATI,

Inc.

$

30,000

7.250%, 

8/15/2030

$

31,009

ATI,

Inc.,

Convertible

11,000

3.500%, 

6/15/2025

36,459

Baffinland

Iron

Mines

Corporation/

Baffinland

Iron

Mines,

LP

5,000

8.750%, 

7/15/2026

a

4,611

Cascades,

Inc./Cascades

USA,

Inc.

30,000

5.125%, 

1/15/2026

a

29,406

Chemours

Company

52,000

5.750%, 

11/15/2028

a

47,949

Cleveland-Cliffs,

Inc.

37,000

5.875%, 

6/1/2027

36,934

40,000

4.625%, 

3/1/2029

a

37,288

Consolidated

Energy

Finance

SA

75,000

5.625%, 

10/15/2028

a

62,943

First

Quantum

Minerals,

Ltd.

69,000

6.875%, 

10/15/2027

a

66,155

Hecla

Mining

Company

20,000

7.250%, 

2/15/2028

20,022

Hudbay

Minerals,

Inc.

40,000

4.500%, 

4/1/2026

a

38,746

Illuminate

Buyer,

LLC/Illuminate

Holdings

IV,

Inc.

37,000

9.000%, 

7/1/2028

a

36,500

Innophos

Holdings,

Inc.

14,000

9.375%, 

2/15/2028

a

11,677

Mercer

International,

Inc.

16,000

5.125%, 

2/1/2029

14,064

Methanex

Corporation

21,000

4.250%, 

12/1/2024

20,818

Mineral

Resources,

Ltd.

9,000

9.250%, 

10/1/2028

a

9,479

Novelis

Corporation

25,000

3.250%, 

11/15/2026

a

23,294

15,000

3.875%, 

8/15/2031

a

12,885

Olin

Corporation

50,000

5.125%, 

9/15/2027

48,844

10,000

5.625%, 

8/1/2029

9,874

Peabody

Energy

Corporation,

Convertible

13,000

3.250%, 

3/1/2028

b

18,336

SCIL

IV,

LLC/SCIL

USA

Holdings,

LLC

28,000

5.375%, 

11/1/2026

a

27,175

SNF

Group

SACA

40,000

3.375%, 

3/15/2030

a

34,625

SunCoke

Energy,

Inc.

47,000

4.875%, 

6/30/2029

a

42,554

Taseko

Mines,

Ltd.

49,000

7.000%, 

2/15/2026

a

49,200

Tronox,

Inc.

14,000

4.625%, 

3/15/2029

a

12,557

Unifrax

Escrow

Issuer

Corporation

36,000

5.250%, 

9/30/2028

a

23,216

United

States

Steel

Corporation

38,000

6.875%, 

3/1/2029

38,365

Total

844,985

Capital

Goods

(3.6%)

AAR

Escrow

Issuer,

LLC

31,000

6.750%, 

3/15/2029

a

31,239

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Capital

Goods

(3.6%)

-

continued

Advanced

Drainage

Systems,

Inc.

$

32,000

6.375%, 

6/15/2030

a

$

32,166

Amsted

Industries,

Inc.

26,000

5.625%, 

7/1/2027

a

25,610

10,000

4.625%, 

5/15/2030

a

9,132

ARD

Finance

SA

18,000

6.500%, 

6/30/2027

a

6,024

Ardagh

Packaging

Finance

plc/

Ardagh

Holdings

USA,

Inc.

41,000

5.250%, 

8/15/2027

a,b

25,830

7,000

5.250%, 

8/15/2027

a,b

4,410

Bombardier,

Inc.

35,000

7.875%, 

4/15/2027

a

35,024

52,000

6.000%, 

2/15/2028

a

51,151

Brand

Industrial

Services,

Inc.

20,000

10.375%, 

8/1/2030

a

21,653

Builders

FirstSource,

Inc.

20,000

5.000%, 

3/1/2030

a

19,084

Canpack

SA/Canpack

US,

LLC

56,000

3.875%, 

11/15/2029

a

49,557

Chart

Industries,

Inc.

48,000

7.500%, 

1/1/2030

a

49,845

Chart

Industries,

Inc.,

Convertible

9,000

1.000%, 

11/15/2024

25,262

Clean

Harbors,

Inc.

33,000

6.375%, 

2/1/2031

a

33,242

Clydesdale

Acquisition

Holdings,

Inc.

8,000

6.625%, 

4/15/2029

a

7,994

15,000

8.750%, 

4/15/2030

a

14,738

Cornerstone

Building

Brands,

Inc.

40,000

6.125%, 

1/15/2029

a

35,654

Covanta

Holding

Corporation

17,000

4.875%, 

12/1/2029

a

15,236

CP

Atlas

Buyer,

Inc.

45,000

7.000%, 

12/1/2028

a,b

42,233

Crown

Cork

&

Seal

Company,

Inc.

47,000

7.375%, 

12/15/2026

49,309

Fluor

Corporation,

Convertible

32,000

1.125%, 

8/15/2029

a

35,984

GFL

Environmental,

Inc.

18,000

4.000%, 

8/1/2028

a

16,590

54,000

3.500%, 

9/1/2028

a

49,464

Greenbrier

Companies,

Inc.,

Convertible

18,000

2.875%, 

4/15/2028

b

19,949

H&E

Equipment

Services,

Inc.

77,000

3.875%, 

12/15/2028

a

70,492

Mauser

Packaging

Solutions

Holding

Company

28,000

9.250%, 

4/15/2027

a,b

27,777

Miter

Brands

Acquisition

Holdco,

Inc./MIWD

Borrower,

LLC

8,000

6.750%, 

4/1/2032

a

8,027

MIWD

Holdco

II,

LLC

24,000

5.500%, 

2/1/2030

a

22,087

Mueller

Water

Products,

Inc.

29,000

4.000%, 

6/15/2029

a

26,304

Nesco

Holdings

II,

Inc.

55,000

5.500%, 

4/15/2029

a

52,036

New

Enterprise

Stone

and

Lime

Company,

Inc.

48,000

5.250%, 

7/15/2028

a

45,984

Multidimensional

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

295

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Capital

Goods

(3.6%)

-

continued

OI

European

Group

BV

$

55,000

4.750%, 

2/15/2030

a

$

50,638

Owens-Brockway

Glass

Container,

Inc.

25,000

6.625%, 

5/13/2027

a

25,014

Pactiv

Evergreen

Group

35,000

4.375%, 

10/15/2028

a

32,650

Patrick

Industries,

Inc.,

Convertible

10,000

1.750%, 

12/1/2028

12,910

PGT

Innovations,

Inc.

41,000

4.375%, 

10/1/2029

a

41,632

Rolls-Royce

plc

21,000

5.750%, 

10/15/2027

a

21,057

Sealed

Air

Corporation

40,000

6.125%, 

2/1/2028

a

40,083

Smyrna

Ready

Mix

Concrete,

LLC

41,000

8.875%, 

11/15/2031

a

43,825

Spirit

AeroSystems,

Inc.

42,000

9.750%, 

11/15/2030

a

46,980

SRM

Escrow

Issuer,

LLC

25,000

6.000%, 

11/1/2028

a

24,434

Summit

Materials,

LLC/Summit

Materials

Finance

Corporation

12,000

7.250%, 

1/15/2031

a

12,473

Titan

Acquisition,

Ltd./Titan

Co-

Borrower,

LLC

20,000

7.750%, 

4/15/2026

a,b

19,976

TransDigm,

Inc.

61,000

5.500%, 

11/15/2027

59,704

49,000

7.125%, 

12/1/2031

a

50,497

37,000

6.625%, 

3/1/2032

a

37,381

Triumph

Group,

Inc.

38,000

9.000%, 

3/15/2028

a

40,061

Trivium

Packaging

Finance

14,000

5.500%, 

8/15/2026

a

13,804

17,000

8.500%, 

8/15/2027

a

16,788

United

Rentals

North

America,

Inc.

7,000

5.500%, 

5/15/2027

6,979

57,000

4.875%, 

1/15/2028

55,470

20,000

4.000%, 

7/15/2030

18,201

Waste

Pro

USA,

Inc.

15,000

5.500%, 

2/15/2026

a

14,773

WESCO

Distribution,

Inc.

27,000

7.250%, 

6/15/2028

a

27,565

13,000

6.375%, 

3/15/2029

a

13,134

9,000

6.625%, 

3/15/2032

a

9,146

Total

1,694,262

Collateralized

Mortgage

Obligations

(0.1%)

GMACM

Mortgage

Loan

Trust

14,558

3.644%, 

11/19/2035,

Ser.

2005-AR6,

Class

1A1

c

12,650

Residential

Accredit

Loans,

Inc.

Trust

39,345

6.000%, 

1/25/2037,

Ser.

2007-QS1,

Class

1A1

29,918

Total

42,568

Communications

Services

(4.6%)

Allen

Media,

LLC/Allen

Media

Co-

Issuer,

Inc.

38,000

10.500%, 

2/15/2028

a

17,613

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Communications

Services

(4.6%)

-

continued

Altice

Financing

SA

$

34,000

5.750%, 

8/15/2029

a

$

27,242

Altice

France

SA/France

2,000

5.125%, 

7/15/2029

a

1,352

93,000

5.500%, 

10/15/2029

a

63,122

AMC

Networks,

Inc.

22,000

4.750%, 

8/1/2025

b

21,972

7,000

10.250%, 

1/15/2029

a,d

7,051

Cable

One,

Inc.,

Convertible

10,000

1.125%, 

3/15/2028

7,506

CCO

Holdings,

LLC/CCO

Holdings

Capital

Corporation

22,000

5.000%, 

2/1/2028

a

20,480

17,000

6.375%, 

9/1/2029

a

16,128

34,000

4.750%, 

3/1/2030

a

29,194

85,000

4.500%, 

8/15/2030

a

71,234

21,000

4.250%, 

2/1/2031

a

17,150

90,000

4.750%, 

2/1/2032

a

73,451

45,000

4.250%, 

1/15/2034

a

33,968

CenterPoint

Energy,

Inc.,

Convertible

574

3.369%, 

9/15/2029

18,512

Cimpress

plc

31,000

7.000%, 

6/15/2026

31,028

Clear

Channel

Outdoor

Holdings,

Inc.

47,000

7.500%, 

6/1/2029

a,b

38,871

Clear

Channel

Worldwide

Holdings,

Inc.

54,000

5.125%, 

8/15/2027

a,b

50,902

Connect

Finco

SARL/Connect

US

Finco,

LLC

25,000

6.750%, 

10/1/2026

a

24,507

CSC

Holdings,

LLC

47,000

5.375%, 

2/1/2028

a

40,426

14,000

11.750%, 

1/31/2029

a

14,022

56,000

6.500%, 

2/1/2029

a

47,449

58,000

5.750%, 

1/15/2030

a

30,704

DIRECTV

Financing,

LLC/DIRECTV

Financing

Co-Obligor,

Inc.

80,000

5.875%, 

8/15/2027

a

75,683

DISH

DBS

Corporation

19,000

5.875%, 

11/15/2024

b

18,204

16,000

5.250%, 

12/1/2026

a,b

12,599

17,000

7.375%, 

7/1/2028

8,184

31,000

5.750%, 

12/1/2028

a,b

21,305

29,000

5.125%, 

6/1/2029

12,096

DISH

Network

Corporation

15,000

11.750%, 

11/15/2027

a

15,314

Frontier

Communications

Holdings,

LLC

48,000

5.875%, 

10/15/2027

a

46,471

36,000

6.750%, 

5/1/2029

a

32,083

14,000

8.750%, 

5/15/2030

a

14,325

GCI,

LLC

40,000

4.750%, 

10/15/2028

a

36,676

Gray

Television,

Inc.

40,000

4.750%, 

10/15/2030

a

26,234

17,000

5.375%, 

11/15/2031

a

11,147

iHeartCommunications,

Inc.

31,000

6.375%, 

5/1/2026

26,446

Iliad

Holding

SASU

48,000

6.500%, 

10/15/2026

a

47,550

Multidimensional

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

296

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Communications

Services

(4.6%)

-

continued

LCPR

Senior

Secured

Financing

DAC

$

58,000

6.750%, 

10/15/2027

a

$

54,434

Level

3

Financing,

Inc.

74,000

4.625%, 

9/15/2027

a,b

49,210

11,000

4.250%, 

7/1/2028

a

5,170

26,000

10.500%, 

5/15/2030

a,b

26,585

McGraw-Hill

Education,

Inc.

42,000

8.000%, 

8/1/2029

a,b

39,477

News

Corporation

46,000

3.875%, 

5/15/2029

a

42,065

Outfront

Media

Capital,

LLC/

Outfront

Media

Capital

Corporation

18,000

4.625%, 

3/15/2030

a,b

16,143

Paramount

Global

50,000

6.250%, 

2/28/2057

c

43,976

98,000

6.375%, 

3/30/2062

c

90,549

Playtika

Holding

Corporation

42,000

4.250%, 

3/15/2029

a

36,360

Rogers

Communications,

Inc.

100,000

5.250%, 

3/15/2082

a,b,c

95,849

Scripps

Escrow

II,

Inc.

16,000

3.875%, 

1/15/2029

a

12,723

13,000

5.375%, 

1/15/2031

a

7,999

Sinclair

Television

Group,

Inc.

48,000

4.125%, 

12/1/2030

a

34,961

Sirius

XM

Radio,

Inc.

40,000

5.000%, 

8/1/2027

a

38,483

20,000

4.000%, 

7/15/2028

a

18,297

30,000

4.125%, 

7/1/2030

a

26,225

TEGNA,

Inc.

13,000

4.750%, 

3/15/2026

a

12,745

46,000

4.625%, 

3/15/2028

42,074

Telecom

Italia

Capital

SA

31,000

6.000%, 

9/30/2034

28,354

Telecom

Italia

SPA/Milano

22,000

5.303%, 

5/30/2024

a

21,880

Telesat

Canada/Telesat,

LLC

20,000

4.875%, 

6/1/2027

a

10,400

10,000

6.500%, 

10/15/2027

a

4,000

Uniti

Group,

Inc.,

Convertible

11,000

7.500%, 

12/1/2027

a

11,440

Uniti

Group,

LP/Uniti

Group

Finance,

Inc./CSL

Capital,

LLC

40,000

4.750%, 

4/15/2028

a

34,925

23,000

6.500%, 

2/15/2029

a

17,826

Univision

Communications,

Inc.

48,000

4.500%, 

5/1/2029

a

42,895

Urban

One,

Inc.

8,000

7.375%, 

2/1/2028

a

6,788

Viasat,

Inc.

21,000

6.500%, 

7/15/2028

a,b

16,217

Virgin

Media

Finance

plc

18,000

5.000%, 

7/15/2030

a

15,231

Virgin

Media

Secured

Finance

plc

36,000

5.500%, 

5/15/2029

a

33,284

Vodafone

Group

plc

64,000

7.000%, 

4/4/2079

c

66,015

VZ

Secured

Financing

BV

12,000

5.000%, 

1/15/2032

a

10,303

YPSO

Finance

BIS

SA

26,000

10.500%, 

5/15/2027

a

9,729

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Communications

Services

(4.6%)

-

continued

Zayo

Group

Holdings,

Inc.

$

16,000

4.000%, 

3/1/2027

a

$

13,170

Ziggo

Bond

Company

BV

17,000

5.125%, 

2/28/2030

a,b

14,559

Total

2,158,542

Consumer

Cyclical

(5.6%)

1011778

B.C.,

ULC/New

Red

Finance,

Inc.

66,000

4.375%, 

1/15/2028

a

62,431

Adient

Global

Holdings,

Ltd.

22,000

8.250%, 

4/15/2031

a,b

23,215

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation

9,000

6.625%, 

7/15/2026

a

8,994

32,000

6.000%, 

6/1/2029

a,b

27,534

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation/

Atlas

Luxco

4

SARL

35,000

4.625%, 

6/1/2028

a

31,961

40,000

4.625%, 

6/1/2028

a

36,359

Allison

Transmission,

Inc.

25,000

3.750%, 

1/30/2031

a

21,813

AMC

Entertainment

Holdings,

Inc.

10,000

7.500%, 

2/15/2029

a

6,679

American

Axle

&

Manufacturing,

Inc.

65,000

6.500%, 

4/1/2027

b

64,779

Anywhere

Real

Estate

Group,

LLC/Anywhere

Co-Issuer

Corporation

7,000

7.000%, 

4/15/2030

a

6,233

Arches

Buyer,

Inc.

28,000

6.125%, 

12/1/2028

a

23,455

Arko

Corporation

27,000

5.125%, 

11/15/2029

a

22,347

Asbury

Automotive

Group,

Inc.

22,000

5.000%, 

2/15/2032

a

19,933

Ashton

Woods

USA,

LLC/Ashton

Woods

Finance

Company

25,000

4.625%, 

8/1/2029

a

23,060

27,000

4.625%, 

4/1/2030

a

24,669

Beazer

Homes

USA,

Inc.

10,000

7.500%, 

3/15/2031

a

10,099

Bloomin'

Brands,

Inc.,

Convertible

3,000

5.000%, 

5/1/2025

7,721

Booking

Holdings,

Inc.,

Convertible

11,000

0.750%, 

5/1/2025

21,230

Boyd

Gaming

Corporation

40,000

4.750%, 

6/15/2031

a

36,758

Boyne

USA,

Inc.

18,000

4.750%, 

5/15/2029

a

16,686

Brookfield

Residential

Properties,

Inc./Brookfield

Residential

US,

LLC

30,000

6.250%, 

9/15/2027

a

29,350

Burlington

Stores,

Inc.,

Convertible

19,000

2.250%, 

4/15/2025

22,219

8,000

1.250%, 

12/15/2027

a

10,184

Caesars

Entertainment,

Inc.

5,000

8.125%, 

7/1/2027

a

5,121

91,000

4.625%, 

10/15/2029

a

82,980

16,000

6.500%, 

2/15/2032

a

16,141

Multidimensional

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

297

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Consumer

Cyclical

(5.6%)

-

continued

Carnival

Corporation

$

27,000

7.625%, 

3/1/2026

a

$

27,317

47,000

5.750%, 

3/1/2027

a

46,518

7,000

6.000%, 

5/1/2029

a

6,907

Carvana

Company

22,000

0.000%,PIK

12.000%,

12/1/2028

a,e

21,510

Cedar

Fair,

LP

44,000

5.250%, 

7/15/2029

41,709

Churchill

Downs,

Inc.

20,000

4.750%, 

1/15/2028

a

19,039

20,000

6.750%, 

5/1/2031

a

20,112

Cinemark

USA,

Inc.

39,000

5.875%, 

3/15/2026

a

38,505

Clarios

Global,

LP/Clarios

US

Finance

Company,

Inc.

20,000

8.500%, 

5/15/2027

a

20,030

Dana,

Inc.

20,000

4.500%, 

2/15/2032

17,286

eG

Global

Finance

plc

6,000

12.000%, 

11/30/2028

a

6,378

Expedia

Group,

Inc.,

Convertible

28,000

Zero

Coupon, 

2/15/2026

25,788

Ford

Motor

Company,

Convertible

43,000

Zero

Coupon, 

3/15/2026

44,441

Forestar

Group,

Inc.

37,000

3.850%, 

5/15/2026

a

35,335

General

Motors

Financial

Company,

Inc.

40,000

5.700%, 

9/30/2030

c,f

38,354

Goodyear

Tire

&

Rubber

Company

30,000

5.000%, 

7/15/2029

b

28,009

Hanesbrands,

Inc.

15,000

4.875%, 

5/15/2026

a

14,604

14,000

9.000%, 

2/15/2031

a,b

14,384

Hilton

Domestic

Operating

Company,

Inc.

21,000

3.625%, 

2/15/2032

a

18,081

Hilton

Grand

Vacations

Borrower

Escrow,

LLC/Hilton

Grand

Vacations

Borrower

Escrow,

Inc.

34,000

5.000%, 

6/1/2029

a

31,708

Hilton

Worldwide

Finance,

LLC

50,000

4.875%, 

4/1/2027

49,157

International

Game

Technology

plc

42,000

5.250%, 

1/15/2029

a

40,580

Jacobs

Entertainment,

Inc.

28,000

6.750%, 

2/15/2029

a

27,200

KB

Home

35,000

4.800%, 

11/15/2029

33,405

L

Brands,

Inc.

69,000

6.625%, 

10/1/2030

a

70,483

10,000

6.875%, 

11/1/2035

10,226

Light

&

Wonder

International,

Inc.

43,000

7.250%, 

11/15/2029

a

44,142

Live

Nation

Entertainment,

Inc.

29,000

4.750%, 

10/15/2027

a

27,690

Live

Nation

Entertainment,

Inc.,

Convertible

14,000

2.000%, 

2/15/2025

b

15,497

30,000

3.125%, 

1/15/2029

b

35,982

Macy's

Retail

Holdings,

LLC

35,000

5.875%, 

4/1/2029

a,b

34,336

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Consumer

Cyclical

(5.6%)

-

continued

$

13,000

6.125%, 

3/15/2032

a

$

12,601

Marriott

Vacations

Worldwide

Corporation,

Convertible

19,000

Zero

Coupon, 

1/15/2026

18,003

23,000

3.250%, 

12/15/2027

21,574

Mattamy

Group

Corporation

43,000

5.250%, 

12/15/2027

a

41,691

Michaels

Companies,

Inc.

11,000

5.250%, 

5/1/2028

a

9,373

10,000

7.875%, 

5/1/2029

a

7,502

NCL

Corporation,

Ltd.

34,000

5.875%, 

3/15/2026

a

33,563

31,000

5.875%, 

2/15/2027

a

30,628

PENN

Entertainment,

Inc.

35,000

4.125%, 

7/1/2029

a,b

30,098

PetSmart,

Inc./PetSmart

Finance

Corporation

60,000

4.750%, 

2/15/2028

a

56,175

29,000

7.750%, 

2/15/2029

a

28,233

Prime

Security

Services

Borrower,

LLC/Prime

Finance,

Inc.

54,000

5.750%, 

4/15/2026

a

53,842

41,000

6.250%, 

1/15/2028

a

40,163

QVC,

Inc.

8,000

4.375%, 

9/1/2028

6,412

Raising

Cane's

Restaurants,

LLC

18,000

9.375%, 

5/1/2029

a

19,453

Rakuten

Group,

Inc.

19,000

11.250%, 

2/15/2027

a

20,130

Real

Hero

Merger

Sub

2,

Inc.

23,000

6.250%, 

2/1/2029

a,b

20,153

Realogy

Group,

LLC/Realogy

Group

Co-Issuer

Corporation

15,000

5.750%, 

1/15/2029

a,b

10,622

Royal

Caribbean

Cruises,

Ltd.

74,000

4.250%, 

7/1/2026

a

71,413

14,000

9.250%, 

1/15/2029

a

15,016

27,000

7.250%, 

1/15/2030

a

28,053

Scientific

Games

Holdings,

LP/

Scientific

Games

US

FinCo,

Inc.

6,000

6.625%, 

3/1/2030

a

5,800

SeaWorld

Parks

and

Entertainment,

Inc.

31,000

5.250%, 

8/15/2029

a

29,197

Six

Flags

Theme

Parks,

Inc.

15,000

7.000%, 

7/1/2025

a

15,022

Staples,

Inc.

44,000

7.500%, 

4/15/2026

a

42,943

14,000

10.750%, 

4/15/2027

a

13,308

Station

Casinos,

LLC

32,000

4.625%, 

12/1/2031

a

28,761

Tenneco,

Inc.

44,000

8.000%, 

11/17/2028

a

40,147

Tripadvisor,

Inc.

11,000

7.000%, 

7/15/2025

a

10,970

Uber

Technologies,

Inc.,

Convertible

22,000

Zero

Coupon, 

12/15/2025

24,695

25,000

0.875%, 

12/1/2028

a

30,925

Vail

Resorts,

Inc.,

Convertible

28,000

Zero

Coupon, 

1/1/2026

25,620

Victoria's

Secret

&

Company

30,000

4.625%, 

7/15/2029

a

24,615

Multidimensional

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

298

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Consumer

Cyclical

(5.6%)

-

continued

Viking

Cruises,

Ltd.

$

39,000

5.875%, 

9/15/2027

a

$

38,263

Wabash

National

Corporation

42,000

4.500%, 

10/15/2028

a

38,516

Walgreens

Boots

Alliance,

Inc.

22,000

3.200%, 

4/15/2030

19,121

WASH

Multifamily

Acquisition,

Inc.

15,000

5.750%, 

4/15/2026

a,b

14,661

Wynn

Resorts

Finance,

LLC/Wynn

Resorts

Capital

Corporation

15,000

7.125%, 

2/15/2031

a

15,523

Yum!

Brands,

Inc.

48,000

4.750%, 

1/15/2030

a

45,526

ZF

North

America

Capital,

Inc.

27,000

7.125%, 

4/14/2030

a

28,450

Total

2,633,425

Consumer

Non-Cyclical

(3.7%)

1375209

B.C.,

Ltd.

21,000

9.000%, 

1/30/2028

a,b

20,580

AdaptHealth,

LLC

56,000

4.625%, 

8/1/2029

a

48,191

Albertsons

Companies,

Inc./

Safeway,

Inc./New

Albertsons,

LP/Albertsons,

LLC

40,000

4.625%, 

1/15/2027

a

38,712

39,000

3.500%, 

3/15/2029

a

35,006

B&G

Foods,

Inc.

28,000

5.250%, 

9/15/2027

b

26,164

Bausch

+

Lomb

Corporation

9,000

8.375%, 

10/1/2028

a

9,312

Bausch

Health

Companies,

Inc.

21,000

5.500%, 

11/1/2025

a

19,822

13,000

4.875%, 

6/1/2028

a

7,094

43,000

11.000%, 

9/30/2028

a

28,702

BellRing

Brands,

Inc.

29,000

7.000%, 

3/15/2030

a

29,873

BioMarin

Pharmaceutical,

Inc.,

Convertible

19,000

1.250%, 

5/15/2027

b

18,740

Catalent

Pharma

Solutions,

Inc.

16,000

3.125%, 

2/15/2029

a

15,289

Central

Garden

&

Pet

Company

50,000

4.125%, 

10/15/2030

44,855

Cheplapharm

Arzneimittel

GmbH

10,000

5.500%, 

1/15/2028

a

9,529

Chobani,

LLC/Chobani

Finance

Corporation,

Inc.

56,000

4.625%, 

11/15/2028

a

52,222

13,000

7.625%, 

7/1/2029

a

13,179

CHS/Community

Health

Systems,

Inc.

17,000

5.625%, 

3/15/2027

a

15,647

11,000

8.000%, 

12/15/2027

a

10,790

55,000

6.000%, 

1/15/2029

a

48,048

21,000

6.125%, 

4/1/2030

a,b

15,143

19,000

5.250%, 

5/15/2030

a

15,493

19,000

4.750%, 

2/15/2031

a

14,663

Coty,

Inc./HFC

Prestige

Products,

Inc./HFC

Prestige

International

US,

LLC

53,000

4.750%, 

1/15/2029

a

50,154

14,000

6.625%, 

7/15/2030

a

14,217

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Consumer

Non-Cyclical

(3.7%)

-

continued

Edgewell

Personal

Care

Company

$

30,000

5.500%, 

6/1/2028

a

$

29,325

Embecta

Corporation

18,000

6.750%, 

2/15/2030

a

15,596

Encompass

Health

Corporation

65,000

4.500%, 

2/1/2028

61,907

Energizer

Holdings,

Inc.

10,000

4.750%, 

6/15/2028

a

9,262

35,000

4.375%, 

3/31/2029

a

31,362

Envista

Holdings

Corporation,

Convertible

12,000

1.750%, 

8/15/2028

a

10,553

Fortrea

Holdings,

Inc.

13,000

7.500%, 

7/1/2030

a

13,420

Grifols

SA

43,000

4.750%, 

10/15/2028

a,b

35,577

Herbalife

Nutrition,

Ltd./HLF

Financing,

Inc.

6,000

7.875%, 

9/1/2025

a

5,999

HLF

Financing

SARL,

LLC/

Herbalife

International,

Inc.

51,000

4.875%, 

6/1/2029

a

35,445

Integer

Holdings

Corporation,

Convertible

26,000

2.125%, 

2/15/2028

37,518

Jazz

Investments

I,

Ltd.,

Convertible

28,000

2.000%, 

6/15/2026

27,731

Jazz

Securities

DAC

29,000

4.375%, 

1/15/2029

a

27,015

KeHE

Distributors,

LLC/KeHE

Finance

Corporation/NextWave

Distribution,

Inc.

14,000

9.000%, 

2/15/2029

a

14,194

Legacy

LifePoint

Health,

LLC

19,000

4.375%, 

2/15/2027

a

18,105

LifePoint

Health,

Inc.

9,000

9.875%, 

8/15/2030

a

9,414

18,000

11.000%, 

10/15/2030

a

19,238

Medline

Borrower,

LP/Medline

Co-

Issuer,

Inc.

26,000

6.250%, 

4/1/2029

a

26,116

ModivCare

Escrow

Issuer,

Inc.

15,000

5.000%, 

10/1/2029

a,b

10,876

ModivCare,

Inc.

12,000

5.875%, 

11/15/2025

a

11,686

Mozart

Debt

Merger

Sub,

Inc.

34,000

3.875%, 

4/1/2029

a

30,947

36,000

5.250%, 

10/1/2029

a

34,026

Organon

&

Company/Organon

Foreign

Debt

Co-Issuer

BV

45,000

4.125%, 

4/30/2028

a

41,935

25,000

5.125%, 

4/30/2031

a

22,228

Owens

&

Minor,

Inc.

41,000

6.625%, 

4/1/2030

a,b

40,693

Perrigo

Finance

Unlimited

Company

22,000

4.375%, 

3/15/2026

21,407

24,000

3.150%, 

6/15/2030

22,062

Post

Holdings,

Inc.

34,000

4.500%, 

9/15/2031

a

30,583

Post

Holdings,

Inc.,

Convertible

21,000

2.500%, 

8/15/2027

23,615

Multidimensional

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

299

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Consumer

Non-Cyclical

(3.7%)

-

continued

RegionalCare

Hospital

Partners

Holdings,

Inc./LifePoint

Health,

Inc.

$

19,000

9.750%, 

12/1/2026

a

$

19,026

Scotts

Miracle-Gro

Company

17,000

4.500%, 

10/15/2029

15,385

Sigma

Holdco

BV

20,000

7.875%, 

5/15/2026

a

19,200

Simmons

Foods,

Inc.

51,000

4.625%, 

3/1/2029

a

45,069

Spectrum

Brands,

Inc.

20,000

5.000%, 

10/1/2029

a

19,601

10,000

5.500%, 

7/15/2030

a

9,794

Star

Parent,

Inc.

29,000

9.000%, 

10/1/2030

a,b

30,691

Surgery

Center

Holdings,

Inc.

16,000

7.250%, 

4/15/2032

a,d

16,124

Tenet

Healthcare

Corporation

63,000

5.125%, 

11/1/2027

61,622

68,000

6.125%, 

10/1/2028

b

67,756

Teva

Pharmaceutical

Finance

Netherlands

III

BV

33,000

3.150%, 

10/1/2026

30,851

Topgolf

Callaway

Brands

Corporation,

Convertible

9,000

2.750%, 

5/1/2026

10,287

Triton

Water

Holdings,

Inc.

25,000

6.250%, 

4/1/2029

a

22,770

Winnebago

Industries,

Inc.,

Convertible

17,000

3.250%, 

1/15/2030

a

18,369

Total

1,705,805

Energy

(5.8%)

Antero

Midstream

Partners,

LP/

Antero

Midstream

Finance

Corporation

30,000

5.375%, 

6/15/2029

a

28,850

Antero

Resources

Corporation

17,000

5.375%, 

3/1/2030

a

16,326

Archrock

Partners,

LP/Archrock

Partners

Finance

Corporation

57,000

6.250%, 

4/1/2028

a

56,398

Ascent

Resources

Utica

Holdings,

LLC/ARU

Finance

Corporation

27,000

8.250%, 

12/31/2028

a

27,737

Baytex

Energy

Corporation

31,000

8.500%, 

4/30/2030

a

32,370

Borr

IHC,

Ltd./Borr

Finance,

LLC

34,000

10.375%, 

11/15/2030

a

35,360

BP

Capital

Markets

plc

85,000

6.450%, 

12/1/2033

c,f

88,025

Buckeye

Partners,

LP

19,000

4.500%, 

3/1/2028

a

18,050

Chesapeake

Energy

Corporation

24,000

6.750%, 

4/15/2029

a

24,257

Civitas

Resources,

Inc.

18,000

8.375%, 

7/1/2028

a

18,949

10,000

8.625%, 

11/1/2030

a

10,738

37,000

8.750%, 

7/1/2031

a

39,592

CNX

Resources

Corporation

18,000

6.000%, 

1/15/2029

a

17,623

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Energy

(5.8%)

-

continued

CNX

Resources

Corporation,

Convertible

$

17,000

2.250%, 

5/1/2026

$

32,140

Comstock

Resources,

Inc.

17,000

6.750%, 

3/1/2029

a

16,212

14,000

5.875%, 

1/15/2030

a

12,679

CQP

Holdco,

LP/BIP-V

Chinnok

Holdco,

LLC

34,000

5.500%, 

6/15/2031

a

32,134

Crescent

Energy

Finance,

LLC

16,000

9.250%, 

2/15/2028

a

16,894

39,000

7.625%, 

4/1/2032

a

39,300

Delek

Logistics

Partners,

LP/Delek

Logistics

Finance

Corporation

16,000

8.625%, 

3/15/2029

a

16,339

Diamond

Foreign

Asset

Company/

Diamond

Finance,

LLC

12,000

8.500%, 

10/1/2030

a

12,665

DT

Midstream,

Inc.

24,000

4.125%, 

6/15/2029

a

22,064

10,000

4.375%, 

6/15/2031

a

9,056

Enbridge,

Inc.

100,000

7.375%, 

1/15/2083

c

100,468

107,000

7.625%, 

1/15/2083

c

109,809

Enerflex,

Ltd.

30,000

9.000%, 

10/15/2027

a

30,824

Energy

Transfer,

LP

115,000

6.750%, 

5/15/2025

c,f

113,008

Enterprise

Products

Operating,

LLC

37,000

8.573%, 

(TSFR3M

+

3.248%),

8/16/2077

c

36,930

EQM

Midstream

Partners,

LP

85,000

4.750%, 

1/15/2031

a

79,046

Ferrellgas,

LP/Ferrellgas

Finance

Corporation

34,000

5.375%, 

4/1/2026

a

33,264

Genesis

Energy

LP/Genesis

Energy

Finance

Corporation

47,000

8.875%, 

4/15/2030

49,197

Harvest

Midstream,

LP

36,000

7.500%, 

9/1/2028

a

36,502

Hess

Midstream

Operations,

LP

29,000

5.625%, 

2/15/2026

a

28,768

Hilcorp

Energy

I,

LP/Hilcorp

Finance

Company

27,000

5.750%, 

2/1/2029

a

26,299

36,000

6.250%, 

4/15/2032

a

35,503

Howard

Midstream

Energy

Partners,

LLC

45,000

6.750%, 

1/15/2027

a

44,898

ITT

Holdings,

LLC

47,000

6.500%, 

8/1/2029

a

42,892

Kodiak

Gas

Services,

LLC

17,000

7.250%, 

2/15/2029

a

17,316

Laredo

Petroleum,

Inc.

54,000

7.750%, 

7/31/2029

a

54,446

MEG

Energy

Corporation

41,000

5.875%, 

2/1/2029

a

40,287

Nabors

Industries,

Ltd.

40,000

7.250%, 

1/15/2026

a

39,752

New

Fortress

Energy,

Inc.

13,000

6.750%, 

9/15/2025

a

12,911

10,000

8.750%, 

3/15/2029

a

9,962

Multidimensional

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

300

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Energy

(5.8%)

-

continued

NGL

Energy

Operating,

LLC/NGL

Energy

Finance

Corporation

$

11,000

8.125%, 

2/15/2029

a

$

11,266

17,000

8.375%, 

2/15/2032

a

17,427

Noble

Finance

II,

LLC

33,000

8.000%, 

4/15/2030

a

34,374

Northern

Oil

and

Gas,

Inc.

31,000

8.750%, 

6/15/2031

a

32,735

Northern

Oil

and

Gas,

Inc.,

Convertible

16,000

3.625%, 

4/15/2029

19,480

Northriver

Midstream

Finance,

LP

16,000

5.625%, 

2/15/2026

a

15,863

NuStar

Logistics,

LP

27,000

6.375%, 

10/1/2030

27,175

PBF

Holding

Company,

LLC/PBF

Finance

Corporation

23,000

6.000%, 

2/15/2028

22,632

Permian

Resources

Operating,

LLC

43,000

7.000%, 

1/15/2032

a

44,609

Permian

Resources

Operating,

LLC,

Convertible

8,000

3.250%, 

4/1/2028

23,620

Pioneer

Natural

Resources

Company,

Convertible

6,000

0.250%, 

5/15/2025

17,164

Plains

All

American

Pipeline,

LP

60,000

9.679%, 

(TSFR3M

+

4.372%),

5/2/2024

c,f

59,621

Prairie

Acquiror,

LP

21,000

9.000%, 

8/1/2029

a

21,618

Precision

Drilling

Corporation

42,000

6.875%, 

1/15/2029

a

41,922

Range

Resources

Corporation

25,000

4.750%, 

2/15/2030

a

23,309

Rockcliff

Energy

II,

LLC

33,000

5.500%, 

10/15/2029

a

30,882

Rockies

Express

Pipeline,

LLC

35,000

4.950%, 

7/15/2029

a

32,711

SM

Energy

Company

21,000

6.625%, 

1/15/2027

20,981

15,000

6.500%, 

7/15/2028

15,064

Southwestern

Energy

Company

25,000

5.375%, 

3/15/2030

24,062

21,000

4.750%, 

2/1/2032

19,332

Sunoco,

LP/Sunoco

Finance

Corporation

5,000

5.875%, 

3/15/2028

4,952

29,000

4.500%, 

4/30/2030

26,556

Tallgrass

Energy

Partners

LP/

Tallgrass

Energy

Finance

Corporation

53,000

5.500%, 

1/15/2028

a

51,065

Talos

Production,

Inc.

8,000

9.000%, 

2/1/2029

a

8,496

Teine

Energy,

Ltd.

25,000

6.875%, 

4/15/2029

a

24,312

TransCanada

Trust

160,000

5.300%, 

3/15/2077

c

149,676

Transocean,

Inc.

37,000

11.500%, 

1/30/2027

a,b

38,562

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Energy

(5.8%)

-

continued

USA

Compression

Partners,

LP/

USA

Compression

Finance

Corporation

$

50,000

6.875%, 

4/1/2026

$

49,942

10,000

7.125%, 

3/15/2029

a

10,125

Valaris,

Ltd.

30,000

8.375%, 

4/30/2030

a

30,946

Venture

Global

Calcasieu

Pass,

LLC

78,000

3.875%, 

8/15/2029

a

70,211

20,000

4.125%, 

8/15/2031

a

17,784

Venture

Global

LNG,

Inc.

63,000

8.375%, 

6/1/2031

a

64,970

24,000

9.875%, 

2/1/2032

a

25,866

Weatherford

International,

Ltd.

26,000

8.625%, 

4/30/2030

a

27,143

Total

2,722,293

Financials

(14.4%)

Acrisure,

LLC/Acrisure

Finance,

Inc.

21,000

6.000%, 

8/1/2029

a

19,259

AerCap

Holdings

NV

60,000

5.875%, 

10/10/2079

c

59,570

Air

Lease

Corporation

94,000

4.650%, 

6/15/2026

c,f

88,754

Aircastle,

Ltd.

55,000

5.250%, 

6/15/2026

a,c,f

52,389

Alliant

Holdings

Intermediate,

LLC/

Alliant

Holdings

Co-Issuer,

Inc.

22,000

6.750%, 

10/15/2027

a

21,675

19,000

6.750%, 

4/15/2028

a

19,134

11,000

5.875%, 

11/1/2029

a,b

10,219

13,000

7.000%, 

1/15/2031

a

13,130

Ally

Financial,

Inc.

128,000

4.700%, 

5/15/2026

c,f

109,739

8,000

6.700%, 

2/14/2033

8,082

American

Express

Company

85,000

3.550%, 

9/15/2026

c,f

78,677

AmWINS

Group,

Inc.

11,000

6.375%, 

2/15/2029

a

11,059

33,000

4.875%, 

6/30/2029

a

30,802

Arbor

Realty

Trust,

Inc.,

Convertible

2,000

7.500%, 

8/1/2025

1,959

BAC

Capital

Trust

XIV

74,000

5.991%, 

(TSFR3M

+

0.662%),

4/17/2024

c,f

60,345

Bank

of

America

Corporation

249,000

6.250%, 

9/5/2024

c,f

249,283

82,000

6.100%, 

3/17/2025

c,f

82,227

120,000

6.125%, 

4/27/2027

c,f

120,328

Bank

of

Nova

Scotia

97,000

4.900%, 

6/4/2025

c,f

95,450

Blackstone

Mortgage

Trust,

Inc.,

Convertible

7,000

5.500%, 

3/15/2027

6,282

Bread

Financial

Holdings,

Inc.

17,000

9.750%, 

3/15/2029

a

17,692

Bread

Financial

Holdings,

Inc.,

Convertible

11,000

4.250%, 

6/15/2028

a,b

12,767

Multidimensional

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

301

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Financials

(14.4%)

-

continued

Brookfield

Property

REIT,

Inc./BPR

Cumulus,

LLC/BPR

Nimbus,

LLC/GGSI

Sellco,

LLC

$

10,000

4.500%, 

4/1/2027

a

$

9,128

Burford

Capital

Global

Finance,

LLC

31,000

9.250%, 

7/1/2031

a

32,810

Capital

One

Financial

Corporation

36,000

3.950%, 

9/1/2026

c,f

31,978

Castlelake

Aviation

Finance

DAC

22,000

5.000%, 

4/15/2027

a

21,189

Charles

Schwab

Corporation

176,000

5.375%, 

6/1/2025

c,f

174,782

78,000

4.000%, 

6/1/2026

c,f

72,975

35,000

5.000%, 

6/1/2027

c,f

33,462

75,000

4.000%, 

12/1/2030

c,f

63,282

Citigroup,

Inc.

28,000

5.000%, 

9/12/2024

c,f

27,827

95,000

4.000%, 

12/10/2025

c,f

91,081

170,000

3.875%, 

2/18/2026

c,f

160,441

62,000

4.150%, 

11/15/2026

c,f

57,110

51,000

7.375%, 

5/15/2028

b,c,f

53,028

90,000

7.625%, 

11/15/2028

c,f

94,488

Citizens

Financial

Group,

Inc.

80,000

4.000%, 

10/6/2026

c,f

68,872

Coinbase

Global,

Inc.,

Convertible

41,000

0.500%, 

6/1/2026

b

44,866

Comerica,

Inc.

20,000

5.625%, 

7/1/2025

c,f

19,228

COPT

Defense

Properties,

LP,

Convertible

7,000

5.250%, 

9/15/2028

a

7,266

Corebridge

Financial,

Inc.

81,000

6.875%, 

12/15/2052

c

81,097

Credit

Acceptance

Corporation

40,000

9.250%, 

12/15/2028

a

43,023

Credit

Agricole

SA

40,000

8.125%, 

12/23/2025

a,c,f

40,800

Credit

Suisse

Group

AG

40,000

7.250%, 

9/12/2025

a,c,f,g

4,400

56,000

7.500%, 

12/11/2028

*,c,f,g

6,160

Dai-ichi

Life

Insurance

Company,

Ltd.

120,000

5.100%, 

10/28/2024

a,c,f

118,910

Diversified

Healthcare

Trust

15,000

Zero

Coupon, 

1/15/2026

a

12,734

Drawbridge

Special

Opportunities

Fund,

LP

56,000

3.875%, 

2/15/2026

a

52,355

Enact

Holdings,

Inc.

28,000

6.500%, 

8/15/2025

a

27,994

Encore

Capital

Group,

Inc.,

Convertible

12,000

4.000%, 

3/15/2029

11,220

Federal

Realty

OP,

LP,

Convertible

16,000

3.250%, 

1/15/2029

a

15,528

Fifth

Third

Bancorp

91,000

4.500%, 

9/30/2025

c,f

87,650

FirstCash,

Inc.

26,000

5.625%, 

1/1/2030

a

24,707

Fortress

Transportation

and

Infrastructure

Investors,

LLC

13,000

6.500%, 

10/1/2025

a

12,981

31,000

9.750%, 

8/1/2027

a

32,099

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Financials

(14.4%)

-

continued

Freedom

Mortgage

Corporation

$

14,000

7.625%, 

5/1/2026

a

$

13,978

12,000

12.000%, 

10/1/2028

a

13,080

Freedom

Mortgage

Holdings,

LLC

11,000

9.250%, 

2/1/2029

a

11,258

GGAM

Finance,

Ltd.

13,000

8.000%, 

6/15/2028

a

13,576

10,000

6.875%, 

4/15/2029

a

10,037

Global

Net

Lease,

Inc./Global

Net

Lease

Operating

Partnership,

LP

39,000

3.750%, 

12/15/2027

a,b

33,372

goeasy,

Ltd.

23,000

9.250%, 

12/1/2028

a

24,523

Goldman

Sachs

Group,

Inc.

70,000

5.500%, 

8/10/2024

c,f

69,401

70,000

3.650%, 

8/10/2026

c,f

63,935

105,000

4.125%, 

11/10/2026

c,f

97,459

Hartford

Financial

Services

Group,

Inc.

100,000

7.694%, 

(TSFR3M

+

2.387%),

2/12/2047

a,c

88,959

HAT

Holdings

I,

LLC/HAT

Holdings

II,

LLC,

Convertible

1,000

Zero

Coupon, 

5/1/2025

a

1,021

18,000

3.750%, 

8/15/2028

a

21,218

HSBC

Holdings

plc

55,000

6.375%, 

3/30/2025

c,f

54,611

25,000

4.600%, 

12/17/2030

c,f

21,149

HUB

International,

Ltd.

46,000

5.625%, 

12/1/2029

a,b

43,131

14,000

7.375%, 

1/31/2032

a

14,094

Huntington

Bancshares,

Inc./OH

104,000

4.450%, 

10/15/2027

c,f

94,245

Icahn

Enterprises,

LP/Icahn

Enterprises

Finance

Corporation

18,000

6.375%, 

12/15/2025

17,854

18,000

6.250%, 

5/15/2026

17,376

32,000

5.250%, 

5/15/2027

28,920

Intesa

Sanpaolo

SPA

16,000

4.198%, 

6/1/2032

a,c

13,377

J.P.

Morgan

Chase

&

Company

20,000

8.868%, 

(TSFR3M

+

3.562%),

5/1/2024

c,f

19,966

133,000

5.000%, 

8/1/2024

c,f

132,566

100,000

4.600%, 

2/1/2025

c,f

98,311

85,000

3.650%, 

6/1/2026

c,f

80,728

Jefferies

Finance,

LLC/JFIN

Co-

Issuer

Corporation

15,000

5.000%, 

8/15/2028

a

13,794

Jefferson

Capital

Holdings,

LLC

11,000

6.000%, 

8/15/2026

a

10,794

28,000

9.500%, 

2/15/2029

a

28,662

Ladder

Capital

Finance

Holdings,

LLLP/Ladder

Capital

Finance

Corporation

13,000

4.250%, 

2/1/2027

a

12,163

23,000

4.750%, 

6/15/2029

a

20,908

LD

Holdings

Group,

LLC

10,000

6.125%, 

4/1/2028

a,b

8,287

Lincoln

National

Corporation

100,000

7.938%, 

(TSFR3M

+

2.619%),

5/17/2024

c

80,020

Multidimensional

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

302

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Financials

(14.4%)

-

continued

M&T

Bank

Corporation

$

113,000

3.500%, 

9/1/2026

c,f

$

86,672

Macquarie

Airfinance

Holdings,

Ltd.

27,000

6.400%, 

3/26/2029

a

27,427

MetLife,

Inc.

140,000

3.850%, 

9/15/2025

c,f

134,568

72,000

5.875%, 

3/15/2028

c,f

71,782

107,000

6.400%, 

12/15/2036

109,564

Molina

Healthcare,

Inc.

39,000

4.375%, 

6/15/2028

a

36,661

MPT

Operating

Partnership,

LP/

MPT

Finance

Corporation

14,000

5.250%, 

8/1/2026

b

12,816

31,000

4.625%, 

8/1/2029

23,792

Nationstar

Mortgage

Holdings,

Inc.

37,000

6.000%, 

1/15/2027

a

36,475

Necessity

Retail

REIT,

Inc./

American

Finance

Operating

Partner,

LP

15,000

4.500%, 

9/30/2028

a

12,838

Nippon

Life

Insurance

Company

172,000

5.100%, 

10/16/2044

a,c

170,841

OneMain

Finance

Corporation

43,000

3.500%, 

1/15/2027

39,917

35,000

3.875%, 

9/15/2028

31,223

Osaic

Holdings,

Inc.

8,000

10.750%, 

8/1/2027

a

8,271

Panther

Escrow

Issuer,

LLC

37,000

7.125%, 

6/1/2031

a,d

37,618

Park

Intermediate

Holdings,

LLC

20,000

4.875%, 

5/15/2029

a

18,598

Pebblebrook

Hotel

Trust,

Convertible

36,000

1.750%, 

12/15/2026

32,288

PNC

Financial

Services

Group,

Inc.

95,000

3.400%, 

9/15/2026

c,f

83,034

58,000

6.200%, 

9/15/2027

c,f

57,849

103,000

6.250%, 

3/15/2030

c,f

99,825

PRA

Group,

Inc.

7,000

7.375%, 

9/1/2025

a

6,988

40,000

8.375%, 

2/1/2028

a

39,808

Provident

Financing

Trust

I

25,000

7.405%, 

3/15/2038

27,467

Prudential

Financial,

Inc.

77,000

6.750%, 

3/1/2053

c

80,094

41,000

6.500%, 

3/15/2054

c

41,567

20,000

3.700%, 

10/1/2050

c

17,482

QBE

Insurance

Group,

Ltd.

40,000

5.875%, 

5/12/2025

a,c,f

39,595

Quicken

Loans,

LLC

33,000

3.875%, 

3/1/2031

a

28,750

Redwood

Trust,

Inc.,

Convertible

2,000

7.750%, 

6/15/2027

1,915

Regions

Financial

Corporation

80,000

5.750%, 

6/15/2025

c,f

78,810

RHP

Hotel

Properties,

LP/RHP

Finance

Corporation

27,000

7.250%, 

7/15/2028

a

27,805

RLJ

Lodging

Trust,

LP

19,000

3.750%, 

7/1/2026

a

18,094

33,000

4.000%, 

9/15/2029

a

29,090

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Financials

(14.4%)

-

continued

Rocket

Mortgage,

LLC/Rocket

Mortgage

Co-Issuer,

Inc.

$

30,000

3.625%, 

3/1/2029

a

$

26,986

Service

Properties

Trust

13,000

7.500%, 

9/15/2025

13,175

6,000

5.250%, 

2/15/2026

5,804

16,000

8.625%, 

11/15/2031

a

17,063

SLM

Corporation

20,000

4.200%, 

10/29/2025

19,517

Standard

Chartered

plc

35,000

6.000%, 

7/26/2025

a,c,f

34,516

Starwood

Property

Trust,

Inc.,

Convertible

16,000

6.750%, 

7/15/2027

b

16,960

State

Street

Corporation

43,000

6.700%, 

3/15/2029

c,f

43,633

Sumitomo

Life

Insurance

Company

150,000

3.375%, 

4/15/2081

a,c

129,795

Summit

Hotel

Properties,

Inc.,

Convertible

15,000

1.500%, 

2/15/2026

13,358

Synchrony

Financial

13,000

7.250%, 

2/2/2033

12,907

Toronto-Dominion

Bank

55,000

8.125%, 

10/31/2082

c

57,687

Truist

Financial

Corporation

150,000

5.100%, 

3/1/2030

c,f

139,536

UBS

Group

AG

100,000

4.875%, 

2/12/2027

a,c,f

91,822

United

Wholesale

Mortgage,

LLC

11,000

5.500%, 

11/15/2025

a

10,901

31,000

5.500%, 

4/15/2029

a

29,320

USB

Realty

Corporation

78,000

6.723%, 

(TSFR3M

+

1.409%),

1/15/2027

a,c,f

60,032

Ventas

Realty,

LP,

Convertible

20,000

3.750%, 

6/1/2026

a

19,960

Vornado

Realty,

LP

10,000

3.400%, 

6/1/2031

7,914

Wells

Fargo

&

Company

162,000

3.900%, 

3/15/2026

c,f

154,131

30,000

6.076%, 

(TSFR3M

+

0.762%),

1/15/2027

c

29,227

91,000

7.625%, 

9/15/2028

c,f

97,252

Welltower

OP,

LLC,

Convertible

30,000

2.750%, 

5/15/2028

a

33,393

XHR,

LP

19,000

6.375%, 

8/15/2025

a

19,024

32,000

4.875%, 

6/1/2029

a

29,628

Total

6,760,131

Mortgage-Backed

Securities

(11.3%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

714,745

5.500%, 

7/1/2053

716,346

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

3,058,862

5.000%, 

3/1/2053

2,985,084

814,023

4.500%, 

8/1/2052

778,270

Multidimensional

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

303

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Mortgage-Backed

Securities

(11.3%)

-

continued

$

836,860

4.500%, 

9/1/2053

$

798,154

Total

5,277,854

Technology

(2.7%)

Akamai

Technologies,

Inc.,

Convertible

23,000

0.125%, 

5/1/2025

27,129

6,000

0.375%, 

9/1/2027

6,315

10,000

1.125%, 

2/15/2029

a

10,255

AthenaHealth

Group,

Inc.

50,000

6.500%, 

2/15/2030

a,b

45,731

Block,

Inc.,

Convertible

5,000

0.125%, 

3/1/2025

b

5,113

39,000

0.250%, 

11/1/2027

32,507

Cloud

Software

Group,

Inc.

71,000

6.500%, 

3/31/2029

a

67,376

25,000

9.000%, 

9/30/2029

a

23,978

CommScope,

Inc.

20,000

7.125%, 

7/1/2028

a

7,911

Consensus

Cloud

Solutions,

Inc.

7,000

6.000%, 

10/15/2026

a

6,653

CoreLogic,

Inc.

8,000

4.500%, 

5/1/2028

a

7,173

CSG

Systems

International,

Inc.,

Convertible

19,000

3.875%, 

9/15/2028

a

18,698

Dayforce,

Inc.,

Convertible

9,000

0.250%, 

3/15/2026

8,235

Euronet

Worldwide,

Inc.,

Convertible

15,000

0.750%, 

3/15/2049

b

14,543

Gen

Digital,

Inc.

2,000

6.750%, 

9/30/2027

a

2,029

16,000

7.125%, 

9/30/2030

a

16,439

Global

Payments,

Inc.,

Convertible

37,000

1.500%, 

3/1/2031

a

39,109

II-VI,

Inc.

15,000

5.000%, 

12/15/2029

a

14,128

InterDigital,

Inc.,

Convertible

30,000

3.500%, 

6/1/2027

43,009

Iron

Mountain,

Inc.

30,000

4.875%, 

9/15/2027

a

29,005

15,000

5.000%, 

7/15/2028

a

14,350

37,000

4.875%, 

9/15/2029

a

34,713

30,000

5.250%, 

7/15/2030

a

28,379

48,000

4.500%, 

2/15/2031

a

43,307

Lumentum

Holdings,

Inc.,

Convertible

44,000

0.500%, 

6/15/2028

b

33,958

10,000

1.500%, 

12/15/2029

a

9,395

McAfee

Corporation

13,000

7.375%, 

2/15/2030

a

11,922

Microchip

Technology,

Inc.,

Convertible

36,000

0.125%, 

11/15/2024

b

38,196

NCR

Atleos

Corporation

11,000

9.500%, 

4/1/2029

a

11,766

Neptune

Bidco

US,

Inc.

27,000

9.290%, 

4/15/2029

a

25,530

Newfold

Digital

Holdings

Group,

Inc.

8,000

11.750%, 

10/15/2028

a

8,659

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Technology

(2.7%)

-

continued

ON

Semiconductor

Corporation,

Convertible

$

25,000

Zero

Coupon, 

5/1/2027

$

36,713

2,000

0.500%, 

3/1/2029

1,968

Open

Text

Corporation

65,000

4.125%, 

2/15/2030

a

58,232

Pitney

Bowes,

Inc.

7,000

6.875%, 

3/15/2027

a

6,392

Progress

Software

Corporation,

Convertible

9,000

1.000%, 

4/15/2026

9,315

PTC,

Inc.

10,000

3.625%, 

2/15/2025

a

9,791

35,000

4.000%, 

2/15/2028

a

32,710

RingCentral,

Inc.

29,000

8.500%, 

8/15/2030

a

30,152

Seagate

HDD

Cayman

18,000

8.500%, 

7/15/2031

a

19,452

33,175

9.625%, 

12/1/2032

37,796

Semtech

Corporation,

Convertible

14,000

1.625%, 

11/1/2027

b

13,763

3,000

4.000%, 

11/1/2028

a

4,567

Sensata

Technologies,

Inc.

43,000

3.750%, 

2/15/2031

a

37,195

Shift4

Payments,

LLC/Shift4

Payments

Finance

Sub,

Inc.

10,000

4.625%, 

11/1/2026

a

9,668

SS&C

Technologies,

Inc.

37,000

5.500%, 

9/30/2027

a

36,177

UKG,

Inc.

28,000

6.875%, 

2/1/2031

a

28,524

Verint

Systems,

Inc.,

Convertible

23,000

0.250%, 

4/15/2026

b

21,563

Viavi

Solutions,

Inc.

32,000

3.750%, 

10/1/2029

a

27,456

Viavi

Solutions,

Inc.,

Convertible

13,000

1.625%, 

3/15/2026

12,610

Vishay

Intertechnology,

Inc.,

Convertible

35,000

2.250%, 

9/15/2030

a

33,425

Western

Digital

Corporation,

Convertible

38,000

3.000%, 

11/15/2028

a

55,689

Xerox

Holdings

Corporation

4,000

5.000%, 

8/15/2025

a

3,947

19,000

5.500%, 

8/15/2028

a

17,299

Ziff

Davis,

Inc.,

Convertible

27,000

1.750%, 

11/1/2026

25,547

Total

1,255,462

Transportation

(0.9%)

Air

Transport

Services

Group,

Inc.,

Convertible

16,000

3.875%, 

8/15/2029

a,b

13,237

American

Airlines

Group,

Inc.

12,000

3.750%, 

3/1/2025

a

11,667

American

Airlines,

Inc.

19,000

8.500%, 

5/15/2029

a

20,073

American

Airlines,

Inc./

AAdvantage

Loyalty

IP,

Ltd.

96,000

5.500%, 

4/20/2026

a

95,346

Multidimensional

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

304

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Transportation

(0.9%)

-

continued

Avis

Budget

Car

Rental,

LLC/Avis

Budget

Finance,

Inc.

$

19,000

5.375%, 

3/1/2029

a

$

17,708

Hawaiian

Brand

Intellectual

Property,

Ltd.

21,000

5.750%, 

1/20/2026

a

19,707

Hertz

Corporation

16,000

4.625%, 

12/1/2026

a

14,521

18,000

5.000%, 

12/1/2029

a,b

13,910

Rand

Parent,

LLC

37,000

8.500%, 

2/15/2030

a,b

36,640

RXO,

Inc.

45,000

7.500%, 

11/15/2027

a

46,181

Southwest

Airlines

Company,

Convertible

34,000

1.250%, 

5/1/2025

34,408

Spirit

Loyalty

Cayman,

Ltd.

9,000

8.000%, 

9/20/2025

a

6,832

Stena

International

SA

22,000

7.250%, 

1/15/2031

a

21,944

United

Airlines,

Inc.

44,000

4.375%, 

4/15/2026

a

42,536

VistaJet

Malta

Finance

plc/Vista

Management

Holding,

Inc.

9,000

7.875%, 

5/1/2027

a

7,609

45,000

6.375%, 

2/1/2030

a,b

33,170

Total

435,489

U.S.

Government

&

Agencies

(17.4%)

U.S.

Treasury

Bonds

1,100,000

3.875%, 

2/15/2043

1,016,856

U.S.

Treasury

Notes

900,000

4.750%, 

7/31/2025

898,418

3,780,000

1.250%, 

12/31/2026

3,470,217

2,740,000

1.375%, 

11/15/2031

2,238,023

550,000

4.125%, 

11/15/2032

546,240

Total

8,169,754

Utilities

(3.1%)

Algonquin

Power

&

Utilities

Corporation

65,000

4.750%, 

1/18/2082

c

57,301

Alliant

Energy

Corporation,

Convertible

14,000

3.875%, 

3/15/2026

13,769

American

Water

Capital

Corporation,

Convertible

15,000

3.625%, 

6/15/2026

a

14,647

Calpine

Corporation

34,000

4.500%, 

2/15/2028

a

32,248

CenterPoint

Energy,

Inc.,

Convertible

25,000

4.250%, 

8/15/2026

a

24,763

CMS

Energy

Corporation,

Convertible

19,000

3.375%, 

5/1/2028

a

18,686

Dominion

Energy,

Inc.

60,000

4.350%, 

1/15/2027

c,f

56,170

Duke

Energy

Corporation

102,000

3.250%, 

1/15/2082

c

90,641

51,000

4.875%, 

9/16/2024

c,f

50,555

Duke

Energy

Corporation,

Convertible

42,000

4.125%, 

4/15/2026

a

41,496

Principal

Amount

Long-Term

Fixed

Income

(75.0%)

Value

Utilities

(3.1%)

-

continued

Edison

International

$

43,000

7.875%, 

6/15/2054

c

$

44,175

170,000

5.000%, 

12/15/2026

c,f

161,058

Evergy,

Inc.,

Convertible

27,000

4.500%, 

12/15/2027

a

27,446

FirstEnergy

Corporation,

Convertible

43,000

4.000%, 

5/1/2026

a

42,742

NextEra

Energy

Capital

Holdings,

Inc.

55,000

3.800%, 

3/15/2082

c

49,898

NextEra

Energy

Operating

Partners,

LP

50,000

3.875%, 

10/15/2026

a

46,631

NextEra

Energy

Partners,

LP,

Convertible

8,000

Zero

Coupon, 

6/15/2024

a

7,880

32,000

Zero

Coupon, 

11/15/2025

a,b

28,400

NRG

Energy,

Inc.

86,000

10.250%, 

3/15/2028

a,c,f

92,253

13,000

3.375%, 

2/15/2029

a

11,550

15,000

5.250%, 

6/15/2029

a

14,340

NRG

Energy,

Inc.,

Convertible

31,000

2.750%, 

6/1/2048

51,290

PG&E

Corporation

40,000

5.000%, 

7/1/2028

38,522

PG&E

Corporation,

Convertible

36,000

4.250%, 

12/1/2027

a

36,162

PPL

Capital

Funding,

Inc.,

Convertible

26,000

2.875%, 

3/15/2028

24,882

Sempra

95,000

4.125%, 

4/1/2052

c

87,642

40,000

4.875%, 

10/15/2025

c,f

39,138

Southern

Company

64,000

3.750%, 

9/15/2051

c

59,827

Southern

Company,

Convertible

45,000

3.875%, 

12/15/2025

44,775

TerraForm

Power

Operating,

LLC

50,000

5.000%, 

1/31/2028

a

47,621

Vistra

Operations

Company,

LLC

75,000

5.000%, 

7/31/2027

a

72,624

Total

1,429,132

Total

Long-Term

Fixed

Income

(cost

$36,707,075)

35,129,702

Shares

Registered

Investment

Companies

(

16

.7

%

)

Value

U.S.

Affiliated  (7.2%)

419,632

Thrivent

Core

Emerging

Markets

Debt

Fund

3,382,232

Total

3,382,232

U.S.

Unaffiliated  (9.5%)

60,900

Aberdeen

Asia-Pacific

Income

Fund,

Inc.

170,520

17,956

AllianceBernstein

Global

High

Income

Fund,

Inc.

190,693

27,973

Allspring

Income

Opportunities

Fund

185,741

2,837

Barings

Global

Short

Duration

High

Yield

Fund

40,569

4,847

BlackRock

Core

Bond

Trust

52,348

Multidimensional

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

305

Shares

Registered

Investment

Companies

(16.7%)

Value

U.S.

Unaffiliated  (9.5%)-

continued

19,924

BlackRock

Corporate

High

Yield

Fund,

Inc.

$

195,056

18,011

BlackRock

Credit

Allocation

Income

Trust

192,537

1,950

BlackRock

Debt

Strategies

Fund,

Inc.

21,567

1,000

BlackRock

Enhanced

Equity

Dividend

Trust

8,250

18,551

BlackRock

Enhanced

Global

Dividend

Trust

194,043

7,750

BlackRock

Enhanced

International

Dividend

Trust

42,858

500

BlackRock

Floating

Rate

Income

Strategies

Fund,

Inc.

6,460

3,433

BlackRock

Income

Trust,

Inc.

40,853

6,661

BlackRock

Multi-Sector

Income

Trust

105,777

13,890

Blackstone

Strategic

Credit

2027

Term

Fund

165,291

9,589

BNY

Mellon

High

Yield

Strategies

Fund

23,205

19,860

Eaton

Vance

Limited

Duration

Income

Fund

193,635

3,299

Eaton

Vance

Tax-Managed

Global

Diversified

Equity

Income

Fund

26,920

16,061

First

Trust

High

Income

Long/Short

Fund

191,608

4,358

Invesco

Dynamic

Credit

Opportunities

Fund

h

45,911

5,948

iShares

Preferred

and

Income

Securities

ETF

191,704

7,123

New

America

High

Income

Fund,

Inc.

51,855

38,812

Nuveen

Credit

Strategies

Income

Fund

216,183

4,568

Nuveen

Floating

Rate

Income

Fund/Closed-End

Fund

39,879

3,607

Nuveen

Global

High

Income

Fund

46,097

10,204

Nuveen

Preferred

Income

Opportunities

Fund

73,367

16,331

PGIM

Global

High

Yield

Fund,

Inc.

195,319

15,655

PGIM

High

Yield

Bond

Fund,

Inc.

203,358

4,412

Pimco

Dynamic

Income

Fund

b

85,107

1,173

Tri-Continental

Corporation

36,128

8,600

Vanguard

Short-Term

Corporate

Bond

ETF

664,866

5,500

Virtus

Convertible

&

Income

Fund

18,370

11,047

Virtus

Dividend,

Interest

&

Premium

Strategy

Fund

141,181

1,375

Virtus

Equity

&

Convertible

Income

Fund

30,786

1,733

Voya

Asia

Pacific

High

Dividend

Equity

Income

Fund

10,970

27,718

Voya

Global

Equity

Dividend

&

Premium

Opportunity

Fund

146,905

46,579

Western

Asset

High

Income

Opportunity

Fund,

Inc.

181,658

Total

4,427,575

Total

Registered

Investment

Companies

(cost

$8,844,663)

7,809,807

Shares

Preferred

Stock

(

5

.2

%

)

Value

Communications

Services

(0.7%)

10,950

AT&T,

Inc.,

4.750%

f

220,204

Shares

Preferred

Stock

(5.2%)

Value

Communications

Services

(0.7%)

-

continued

5,000

Telephone

and

Data

Systems,

Inc.,

6.000%

f

$

79,950

Total

300,154

Energy

(0.1%)

525

Energy

Transfer,

LP,

7.600%

c,f

13,282

1,415

Nustar

Logistics,

LP,

12.310%

c

35,545

56

UGI

Corporation,

Convertible,

7.250%

3,256

Total

52,083

Financials

(3.9%)

3,750

Aegon

Funding

Corporation

II,

5.100%

81,262

3,000

Allstate

Corporation,

5.100%

f

67,320

730

Apollo

Global

Management,

Inc.,

Convertible,

6.750%

46,537

8,150

Bank

of

America

Corporation,

4.250%

f

161,370

40

Bank

of

America

Corporation,

Convertible,

7.250%

f

47,750

4,250

Capital

One

Financial

Corporation,

5.000%

f

86,955

3,100

Equitable

Holdings,

Inc.,

5.250%

f

70,773

5,700

J.P.

Morgan

Chase

&

Company,

4.200%

f

114,912

5,450

J.P.

Morgan

Chase

&

Company,

4.750%

f

122,407

6,200

KeyCorp,

6.200%

c,f

142,042

5,475

Morgan

Stanley,

4.250%

f

110,267

3,300

Morgan

Stanley,

5.850%

c,f

82,467

3,200

Morgan

Stanley,

7.125%

c,f

80,800

2,250

Public

Storage,

3.950%

f

40,770

4,775

Public

Storage,

4.125%

f

92,587

800

Public

Storage,

4.625%

f

17,112

200

Public

Storage,

4.700%

f

4,298

1,450

Regions

Financial

Corporation,

5.700%

c,f

34,220

250

Synovus

Financial

Corporation,

5.875%

c,f

6,160

5,500

U.S.

Bancorp,

4.000%

f

103,675

6,750

Wells

Fargo

&

Company,

4.250%

f

131,558

5,000

Wells

Fargo

&

Company,

4.750%

f

108,500

65

Wells

Fargo

&

Company,

Convertible,

7.500%

f

79,258

Total

1,833,000

Utilities

(0.5%)

6,775

CMS

Energy

Corporation,

4.200%

f

137,803

841

NextEra

Energy,

Inc.,

Convertible,

6.926%

b

32,740

3,450

Southern

Company,

4.950%

79,316

Total

249,859

Total

Preferred

Stock

(cost

$2,797,166)

2,435,096

Shares

Collateral

Held

for

Securities

Loaned

(

3

.5

%

)

Value

1,638,128

Thrivent

Cash

Management

Trust

1,638,128

Total

Collateral

Held

for

Securities

Loaned

(cost

$1,638,128)

1,638,128

Multidimensional

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

306

Shares

Common

Stock

(

0

.3

%

)

Value

Communications

Services

(<0.1%)

184

Tripadvisor,

Inc.

i

$

5,113

31

Windstream

Services,

LLC

i

295

Total

5,408

Consumer

Discretionary

(0.1%)

231

Bloomin'

Brands,

Inc.

6,625

6

Booking

Holdings,

Inc.

21,767

91

Ford

Motor

Company

1,209

Total

29,601

Energy

(0.1%)

155

Permian

Resources

Corporation

2,737

68

Pioneer

Natural

Resources

Company

17,850

Total

20,587

Financials

(0.1%)

1,044

AGNC

Investment

Corporation

10,336

589

Annaly

Capital

Management,

Inc.

11,597

1,200

Apollo

Commercial

Real

Estate

Finance,

Inc.

13,368

16

Block,

Inc.

i

1,353

1,700

Chimera

Investment

Corporation

7,837

1,944

Rithm

Capital

Corporation

21,695

Total

66,186

Health

Care

(<0.1%)

109

Varex

Imaging

Corporation

i

1,973

Total

1,973

Information

Technology

(<0.1%)

42

RingCentral,

Inc.

i

1,459

Total

1,459

Real

Estate

(<0.1%)

83

Kite

Realty

Group

Trust

1,800

Total

1,800

Total

Common

Stock

(cost

$113,673)

127,014

Shares

or

Principal

Amount

Short-Term

Investments

(

2

.1

%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

90,214

5.590%

902,136

U.S.

Treasury

Bills

100,000

5.207%,

4/11/2024

j,k

99,854

Total

Short-Term

Investments

(cost

$1,001,894)

1,001,990

Total

Investments

(cost

$51,102,599)

102.8%

$

48,141,737

Other

Assets

and

Liabilities,

Net

(2.8%)

(

1,299,783

)

Total

Net

Assets

100.0%

$

46,841,954

a

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

March

28,

2024,

the

value

of

these

investments

was

$12,720,258

or

27.2%

of

total

net

assets.

b

All

or

a

portion

of

the

security

is

on

loan.

c

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

March

28,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

d

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

e

Denotes

payment-in-kind

security.  The

security

may

pay

an

interest

or

dividend

payment

with

additional

fixed

income

or

equity

securities

in

lieu

of,

or

in

addition

to

a

cash

payment.  The

cash

rate

and/or

payment-in-kind

rate

shown

are

as

of

March

28,

2024.

f

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

g

Defaulted

security.  Interest

is

not

being

accrued.

h

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

i

Non-income

producing

security.

j

The

interest

rate

shown

reflects

the

yield.

k

All

or

a

portion

of

the

security

is

pledged

as

collateral

under

the

agreement

between

the

counterparty,

the

custodian

and

the

fund

for

open

swap

contracts.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Multidimensional

Income

Portfolio

as

of

March

28,

2024

was

$6,160

or

0.01%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

March

28,

2024.

Security

Acquisition

Date

Cost

Credit

Suisse

Group

AG,

12/29/2049

5/9/2018

$

60,178

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Multidimensional

Income

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

1,534,689

Common

Stock

44,647

Total

lending

$1,579,336

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$1,638,128

Net

amounts

due

to

counterparty

$58,792

Definitions:

ETF

-

Exchange

Traded

Fund

PIK

-

Payment-In-Kind

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

Multidimensional

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

307

Reference

Rate

Index:

TSFR3M

-

CME

Term

SOFR

3

Month

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Multidimensional

Income

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Basic

Materials

844,985

–

844,985

–

Capital

Goods

1,694,262

–

1,694,262

–

Collateralized

Mortgage

Obligations

42,568

–

42,568

–

Communications

Services

2,158,542

–

2,158,542

–

Consumer

Cyclical

2,633,425

–

2,633,425

–

Consumer

Non-Cyclical

1,705,805

–

1,705,805

–

Energy

2,722,293

–

2,722,293

–

Financials

6,760,131

–

6,760,131

–

Mortgage-Backed

Securities

5,277,854

–

5,277,854

–

Technology

1,255,462

–

1,255,462

–

Transportation

435,489

–

435,489

–

U.S.

Government

&

Agencies

8,169,754

–

8,169,754

–

Utilities

1,429,132

–

1,429,132

–

Registered

Investment

Companies

U.S.

Unaffiliated

4,427,575

4,381,664

–

45,911

Preferred

Stock

Communications

Services

300,154

–

300,154

–

Energy

52,083

48,827

3,256

–

Financials

1,833,000

954,166

878,834

–

Utilities

249,859

249,859

–

–

Common

Stock

Communications

Services

5,408

5,113

295

–

Consumer

Discretionary

29,601

29,601

–

–

Energy

20,587

20,587

–

–

Financials

66,186

66,186

–

–

Health

Care

1,973

1,973

–

–

Information

Technology

1,459

1,459

–

–

Real

Estate

1,800

1,800

–

–

Short-Term

Investments

99,854

–

99,854

–

Subtotal

Investments

in

Securities

$

42,219,241

$

5,761,235

$

36,412,095

$

45,911

Other

Investments  *

Total

U.S.

Affiliated

Registered

Investment

Cos.

3,382,232

Affiliated

Short-Term

Investments

902,136

Collateral

Held

for

Securities

Loaned

1,638,128

Subtotal

Other

Investments

$

5,922,496

Total

Investments

at

Value

$

48,141,737

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Multidimensional

Income

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Liability

Derivatives

Credit

Default

Swaps

2,668

–

2,668

–

Total

Liability

Derivatives

$

2,668

$

–

$

2,668

$

–

Multidimensional

Income

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

308

The

following

table

presents

Multidimensional

Income

Portfolio's

swaps

contracts

held

as

of

March

28,

2024.

Investments

totaling

$99,854

were

pledged

as

collateral

under

the

agreement

between

the

counterparty,

the

custodian

and

the

fund

for

open

swap

contracts.

Credit

Default

Swaps

Buy/Sell

Protection

1

Termination

Date

Notional

Principal

Amount

2

Upfront

Payments/

(Receipts)

Value

3

Unrealized

Gain/(Loss)

CDX

HY

42,

5

Year,

at

5.00%,

Quarterly

Buy

6/20/2029

$

970,000

$

–

(

$

2,668

)

(

$

2,668

)

Total

Credit

Default

Swaps

$

–

(

$

2,668

)

(

$

2,668

)

1

As

the

buyer

of

protection,

Multidimensional

Income

Portfolio

pays

periodic

fees

in

return

for

payment

by

the

seller

which

is

contingent

upon

an

adverse

credit

event

occurring

in

the

underlying

issuer

or

reference

entity.

As

the

seller

of

protection,

Multidimensional

Income

Portfolio

collects

periodic

fees

from

the

buyer

and

profits

if

the

credit

of

the

underlying

issuer

or

reference

entity

remains

stable

or

improves

while

the

swap

is

outstanding,

but

the

seller

in

a

credit

default

swap

contract

would

be

required

to

pay

the

amount

of

credit

loss,

determined

as

specified

in

the

agreement,

to

the

buyer

in

the

event

of

an

adverse

credit

event

in

the

reference

entity.

2

The

maximum

potential

amount

of

future

payments

Multidimensional

Income

Portfolio

could

be

required

to

make

as

the

seller

or

receive

as

the

buyer

of

protection.

3

The

values

for

credit

indexes

(CDX

or

LCDX)

serve

as

an

indicator

of

the

current

status

of

the

payment/performance

risk

and

represent

the

liability

or

profit

for

the

credit

default

swap

contract

had

the

contract

been

closed

as

of

the

reporting

date.

When

protection

has

been

sold,

the

value

of

the

swap

will

increase

when

the

swap

spread

declines

representing

an

improvement

in

the

reference

entity's

credit

worthiness.

The

value

of

the

swap

will

decrease

when

the

swap

spread

increases

representing

a

deterioration

in

the

reference

entity's

credit

worthiness.

When

protection

has

been

purchased,

the

value

of

the

swap

will

increase

when

the

swap

spread

increases

representing

a

deterioration

in

the

reference

entity's

credit

worthiness.

The

value

of

the

swap

will

decrease

when

the

swap

spread

declines

representing

an

improvement

in

the

reference

entity's

credit

worthiness.

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Multidimensional

Income

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$

3,852

$

53

$

550

$

3,382

420

7.2%

Total

U.S.

Affiliated

Registered

Investment

Companies

3,852

3,382

7.2

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

465

5,804

5,367

902

90

1.9

Total

Affiliated

Short-Term

Investments

465

902

1.9

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

1,257

8,395

8,014

1,638

1,638

3.5

Total

Collateral

Held

for

Securities

Loaned

1,257

1,638

3.5

Total

Value

$

5,574

$

5,922

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

($133)

$160

$

–

$

53

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

–

–

–

12

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$

65

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

3

Total

Affiliated

Income

from

Securities

Loaned,

Net

$

3

Total

Value

($133)

$160

$

–

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

309

Principal

Amount

Long-Term

Fixed

Income

(

85

.1

%

)

Value

Asset-Backed

Securities

(9.7%)

510

Asset

Backed

Trust

$

200,000

3.967%, 

5/25/2061,

Ser.

2021-NPL1,

Class

A2

a,b

$

184,627

154,874

2.116%, 

6/25/2061,

Ser.

2021-NPL2,

Class

A1

a,b

150,313

275,000

4.090%, 

6/25/2061,

Ser.

2021-NPL2,

Class

A2

a,b

269,733

720

East

CLO

I,

Ltd.

300,000

9.568%, 

(TSFR3M

+

4.250%),

1/20/2036,

Ser.

2022-1A,

Class

C

a,c

302,954

Affirm

Asset

Securitization

Trust

350,000

4.300%, 

5/17/2027,

Ser.

2022-A,

Class

1A

a

347,756

300,000

6.610%, 

1/18/2028,

Ser.

2023-A,

Class

A

a

301,813

200,000

5.610%, 

2/15/2029,

Ser.

2024-A,

Class

A

a

199,525

Anchorage

Capital

CLO

16,

Ltd.

450,000

7.971%, 

(TSFR3M

+

2.662%),

1/19/2035,

Ser.

2020-16A,

Class

CR

a,c

448,755

Anchorage

Capital

CLO

21,

Ltd.

400,000

7.979%, 

(TSFR3M

+

2.662%),

10/20/2034,

Ser.

2021-21A,

Class

C

a,c

399,146

Ares

XL

CLO,

Ltd.

325,000

8.376%, 

(TSFR3M

+

3.062%),

1/15/2029,

Ser.

2016-40A,

Class

CRR

a,c

324,456

Barings

CLO,

Ltd.

350,000

8.729%, 

(TSFR3M

+

3.412%),

1/20/2032,

Ser.

2016-2A,

Class

DR2

a,c

350,077

Business

Jet

Securities,

LLC

335,101

4.455%, 

6/15/2037,

Ser.

2022-1A,

Class

A

a

322,776

CarVal

CLO,

Ltd.

300,000

9.018%, 

(TSFR3M

+

3.700%),

4/21/2034,

Ser.

2022-1A,

Class

D

a,c

300,074

College

Avenue

Student

Loans,

LLC

65,028

7.094%, 

(TSFR1M

+

1.764%),

11/26/2046,

Ser.

2017-A,

Class

A1

a,c

65,567

Dryden

36

Senior

Loan

Fund

275,000

7.626%, 

(TSFR3M

+

2.312%),

4/15/2029,

Ser.

2014-36A,

Class

CR3

a,c

274,984

Education

Funding

Trust

180,504

2.790%, 

7/25/2041,

Ser.

2020-A,

Class

A

a

161,200

FirstKey

Homes

Trust

700,000

1.968%, 

10/19/2037,

Ser.

2020-SFR2,

Class

D

a

652,985

FRTKL

Trust

200,000

1.922%, 

9/17/2038,

Ser.

2021-SFR1,

Class

C

a

181,730

GMAC

Mortgage

Corporation

Loan

Trust

20,950

5.944%, 

(TSFR1M

+

0.614%),

8/25/2035,

Ser.

2005-HE1,

Class

A2

c,d

11,405

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Asset-Backed

Securities

(9.7%)

-

continued

GSAA

Home

Equity

Trust

$

76,740

4.480%, 

8/25/2034,

Ser.

2004-10,

Class

M2

c

$

68,817

Home

Equity

Asset

Trust

361,939

6.764%, 

(TSFR1M

+

1.434%),

8/25/2033,

Ser.

2003-2,

Class

M1

c

347,936

Long

Beach

Mortgage

Loan

Trust

303,964

6.944%, 

(TSFR1M

+

1.614%),

9/25/2034,

Ser.

2004-5,

Class

M3

c

306,678

Longfellow

Place

CLO,

Ltd.

193,926

7.876%, 

(TSFR3M

+

2.562%),

4/15/2029,

Ser.

2013-1A,

Class

CR3

a,c

193,900

Madison

Park

Funding

XVIII,

Ltd.

550,000

7.479%, 

(TSFR3M

+

2.162%),

10/21/2030,

Ser.

2015-18A,

Class

CRR

a,c

549,796

MetroNet

Infrastructure

Issuer,

LLC

200,000

6.230%, 

4/20/2054,

Ser.

2024-1A,

Class

A2

a

200,160

Neuberger

Berman

CLO,

Ltd.

425,000

8.576%, 

(TSFR3M

+

3.262%),

10/15/2029,

Ser.

2013-15A,

Class

DR2

a,c

422,267

Pagaya

AI

Debt

Trust

155,668

7.556%, 

7/15/2030,

Ser.

2023-1,

Class

A

a

156,383

Pagaya

AI

Technology

in

Housing

Trust

250,000

4.250%, 

8/25/2025,

Ser.

2022-1,

Class

A

a

243,449

300,000

4.250%, 

8/25/2025,

Ser.

2022-1,

Class

B

a

290,008

Preston

Ridge

Partners

Mortgage

Trust,

LLC

350,000

3.474%, 

7/25/2026,

Ser.

2021-6,

Class

A2

a,b

333,292

Pretium

Mortgage

Credit

Partners,

LLC

225,000

5.438%, 

1/25/2052,

Ser.

2022-NPL1,

Class

A2

a,b

208,168

300,000

7.143%, 

3/25/2054,

Ser.

2024-RN1,

Class

A1

a,b,e

300,000

225,000

3.844%, 

6/27/2060,

Ser.

2021-NPL2,

Class

A2

a,b

203,218

250,000

3.721%, 

7/25/2051,

Ser.

2021-NPL3,

Class

A2

a,b

228,794

172,572

2.487%, 

10/25/2051,

Ser.

2021-NPL5,

Class

A1

a,b

168,887

Progress

Residential

Trust

350,000

3.600%, 

4/17/2039,

Ser.

2022-SFR3,

Class

B

a

330,873

RCO

VII

Mortgage,

LLC

191,973

7.021%, 

1/25/2029,

Ser.

2024-1,

Class

A1

a,b

191,399

Renaissance

Home

Equity

Loan

Trust

216,611

5.797%, 

8/25/2036,

Ser.

2006-2,

Class

AF3

b

83,549

Saxon

Asset

Securities

Trust

120,405

3.243%, 

8/25/2035,

Ser.

2004-2,

Class

MF2

c

100,682

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

310

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Asset-Backed

Securities

(9.7%)

-

continued

Sculptor

CLO,

Ltd.

$

425,000

7.979%, 

(TSFR3M

+

2.662%),

1/20/2035,

Ser.

28A,

Class

C

a,c

$

422,419

Shackleton

CLO,

Ltd.

250,000

7.779%, 

(TSFR3M

+

2.462%),

10/20/2034,

Ser.

2021-16A,

Class

C

a,c

249,202

Silver

Point

CLO

2,

Ltd.

200,000

8.018%, 

(TSFR3M

+

2.700%),

4/20/2035,

Ser.

2023-2A,

Class

A2

a,c

200,995

Sound

Point

CLO,

Ltd.

450,000

7.829%, 

(TSFR3M

+

2.512%),

1/20/2032,

Ser.

2019-1A,

Class

CR

a,c

445,059

Stanwich

Mortgage

Loan

Company,

LLC

323,685

2.735%, 

10/16/2026,

Ser.

2021-NPB1,

Class

A1

a,b

313,647

Stratus

CLO,

Ltd.

450,000

8.079%, 

(TSFR3M

+

2.762%),

12/29/2029,

Ser.

2021-1A,

Class

D

a,c

450,011

Stratus

Static

CLO,

Ltd.

250,000

7.218%, 

(TSFR3M

+

1.900%),

10/20/2031,

Ser.

2022-3A,

Class

BR

a,c

249,984

Unlock

HEA

Trust

289,176

7.000%, 

10/25/2038,

Ser.

2023-1,

Class

A

a

283,678

VCAT

Asset

Securitization,

LLC

101,618

4.826%, 

12/26/2050,

Ser.

2021-NPL1,

Class

A2

a,b

101,421

Vericrest

Opportunity

Loan

Transferee

354,240

4.826%, 

2/27/2051,

Ser.

2021-NPL2,

Class

A2

a,b

316,885

404,969

4.949%, 

2/27/2051,

Ser.

2021-NPL3,

Class

A2

a,b

360,901

451,810

4.826%, 

4/25/2051,

Ser.

2021-NPL6,

Class

A2

a,b

392,250

200,825

4.949%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A2

a,b

178,838

325,000

4.826%, 

5/25/2051,

Ser.

2021-NPL9,

Class

A2

a,b

279,210

250,000

5.438%, 

12/26/2051,

Ser.

2021-NP12,

Class

A2

a,b

211,707

Whitebox

CLO

III,

Ltd.

450,000

7.776%, 

(TSFR3M

+

2.462%),

10/15/2034,

Ser.

2021-3A,

Class

C

a,c

449,434

Whitebox

CLO

IV,

Ltd.

450,000

7.918%, 

(TSFR3M

+

2.600%),

4/20/2036,

Ser.

2023-4A,

Class

B

a,c

454,766

Wind

River

CLO,

Ltd.

200,000

7.579%, 

(TSFR3M

+

2.262%),

7/20/2030,

Ser.

2013-1A,

Class

BRR

a,c

199,997

Total

15,738,536

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Basic

Materials

(1.9%)

Anglo

American

Capital

plc

$

63,000

3.875%, 

3/16/2029

a

$

58,939

ATI,

Inc.

89,000

7.250%, 

8/15/2030

91,992

ATI,

Inc.,

Convertible

24,000

3.500%, 

6/15/2025

79,548

Baffinland

Iron

Mines

Corporation/

Baffinland

Iron

Mines,

LP

16,000

8.750%, 

7/15/2026

a

14,757

Cascades,

Inc./Cascades

USA,

Inc.

91,000

5.125%, 

1/15/2026

a

89,198

Chemours

Company

169,000

5.750%, 

11/15/2028

a

155,835

Cleveland-Cliffs,

Inc.

70,000

5.875%, 

6/1/2027

69,876

110,000

4.625%, 

3/1/2029

a

102,542

Consolidated

Energy

Finance

SA

221,000

5.625%, 

10/15/2028

a

185,472

Ecolab,

Inc.

58,000

2.125%, 

2/1/2032

48,169

EIDP,

Inc.

51,000

4.500%, 

5/15/2026

50,413

First

Quantum

Minerals,

Ltd.

203,000

6.875%, 

10/15/2027

a

194,629

FMC

Corporation

44,000

5.150%, 

5/18/2026

43,721

Glencore

Funding,

LLC

36,000

5.893%, 

4/4/2054

a,f

36,472

63,000

4.000%, 

3/27/2027

a

60,901

69,000

6.125%, 

10/6/2028

a

71,302

Hecla

Mining

Company

45,000

7.250%, 

2/15/2028

45,049

Hudbay

Minerals,

Inc.

135,000

4.500%, 

4/1/2026

a

130,766

Illuminate

Buyer,

LLC/Illuminate

Holdings

IV,

Inc.

106,000

9.000%, 

7/1/2028

a

104,569

Innophos

Holdings,

Inc.

39,000

9.375%, 

2/15/2028

a

32,529

International

Flavors

&

Fragrances,

Inc.

75,000

1.230%, 

10/1/2025

a

70,200

Mercer

International,

Inc.

47,000

5.125%, 

2/1/2029

41,312

Mineral

Resources,

Ltd.

25,000

9.250%, 

10/1/2028

a

26,330

Mosaic

Company

56,000

5.375%, 

11/15/2028

56,673

Newmont

Corporation/Newcrest

Finance,

Pty.

Ltd.

50,000

5.350%, 

3/15/2034

a

50,319

Novelis

Corporation

75,000

3.250%, 

11/15/2026

a

69,883

40,000

4.750%, 

1/30/2030

a

36,905

50,000

3.875%, 

8/15/2031

a

42,950

Nutrien,

Ltd.

84,000

4.000%, 

12/15/2026

81,434

Olin

Corporation

176,000

5.125%, 

9/15/2027

171,930

Peabody

Energy

Corporation,

Convertible

31,000

3.250%, 

3/1/2028

g

43,725

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

311

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Basic

Materials

(1.9%)

-

continued

SCIL

IV,

LLC/SCIL

USA

Holdings,

LLC

$

82,000

5.375%, 

11/1/2026

a

$

79,583

Smurfit

Kappa

Treasury,

ULC

56,000

5.777%, 

4/3/2054

a,f

56,644

SNF

Group

SACA

134,000

3.375%, 

3/15/2030

a

115,992

SunCoke

Energy,

Inc.

154,000

4.875%, 

6/30/2029

a

139,432

Taseko

Mines,

Ltd.

142,000

7.000%, 

2/15/2026

a,g

142,581

Tronox,

Inc.

41,000

4.625%, 

3/15/2029

a

36,774

Unifrax

Escrow

Issuer

Corporation

119,000

5.250%, 

9/30/2028

a

76,741

United

States

Steel

Corporation

113,000

6.875%, 

3/1/2029

114,084

Westlake

Corporation

42,000

3.600%, 

8/15/2026

40,363

Total

3,160,534

Capital

Goods

(3.8%)

AAR

Escrow

Issuer,

LLC

94,000

6.750%, 

3/15/2029

a

94,723

Advanced

Drainage

Systems,

Inc.

94,000

6.375%, 

6/15/2030

a

94,486

Amcor

Finance

USA,

Inc.

38,000

5.625%, 

5/26/2033

39,022

ARD

Finance

SA

48,000

6.500%, 

6/30/2027

a

16,063

Ardagh

Packaging

Finance

plc/

Ardagh

Holdings

USA,

Inc.

35,000

5.250%, 

8/15/2027

a,g

22,050

109,000

5.250%, 

8/15/2027

a,g

68,670

Boeing

Company

104,000

5.930%, 

5/1/2060

97,504

163,000

2.196%, 

2/4/2026

152,600

63,000

3.250%, 

3/1/2028

57,747

76,000

5.150%, 

5/1/2030

73,531

Bombardier,

Inc.

134,000

7.875%, 

4/15/2027

a

134,094

60,000

6.000%, 

2/15/2028

a

59,020

Brand

Industrial

Services,

Inc.

68,000

10.375%, 

8/1/2030

a

73,621

Builders

FirstSource,

Inc.

80,000

5.000%, 

3/1/2030

a

76,335

Canpack

SA/Canpack

US,

LLC

165,000

3.875%, 

11/15/2029

a

146,017

Carrier

Global

Corporation

85,000

2.722%, 

2/15/2030

75,167

Chart

Industries,

Inc.

143,000

7.500%, 

1/1/2030

a

148,498

Chart

Industries,

Inc.,

Convertible

20,000

1.000%, 

11/15/2024

56,138

Clydesdale

Acquisition

Holdings,

Inc.

21,000

6.625%, 

4/15/2029

a

20,983

41,000

8.750%, 

4/15/2030

a

40,284

Cornerstone

Building

Brands,

Inc.

105,000

6.125%, 

1/15/2029

a

93,592

Covanta

Holding

Corporation

86,000

4.875%, 

12/1/2029

a

77,078

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Capital

Goods

(3.8%)

-

continued

CP

Atlas

Buyer,

Inc.

$

135,000

7.000%, 

12/1/2028

a,g

$

126,698

Crown

Cork

&

Seal

Company,

Inc.

123,000

7.375%, 

12/15/2026

129,041

Fluor

Corporation,

Convertible

75,000

1.125%, 

8/15/2029

a

84,337

GFL

Environmental,

Inc.

83,000

4.000%, 

8/1/2028

a

76,499

135,000

3.500%, 

9/1/2028

a

123,659

Greenbrier

Companies,

Inc.,

Convertible

44,000

2.875%, 

4/15/2028

g

48,765

H&E

Equipment

Services,

Inc.

230,000

3.875%, 

12/15/2028

a

210,561

Honeywell

International,

Inc.

69,000

5.250%, 

3/1/2054

69,622

Howmet

Aerospace,

Inc.

59,000

6.750%, 

1/15/2028

61,662

Huntington

Ingalls

Industries,

Inc.

63,000

4.200%, 

5/1/2030

59,056

Ingersoll

Rand,

Inc.

19,000

5.700%, 

8/14/2033

19,491

John

Deere

Capital

Corporation

47,000

4.500%, 

1/16/2029

46,535

37,000

4.700%, 

6/10/2030

36,796

42,000

3.900%, 

6/7/2032

39,439

16,000

5.150%, 

9/8/2033

16,341

L3Harris

Technologies,

Inc.

31,000

5.400%, 

1/15/2027

31,221

Lockheed

Martin

Corporation

42,000

5.200%, 

2/15/2064

41,529

Mauser

Packaging

Solutions

Holding

Company

82,000

9.250%, 

4/15/2027

a,g

81,347

Miter

Brands

Acquisition

Holdco,

Inc./MIWD

Borrower,

LLC

23,000

6.750%, 

4/1/2032

a

23,079

MIWD

Holdco

II,

LLC

75,000

5.500%, 

2/1/2030

a

69,023

Mueller

Water

Products,

Inc.

80,000

4.000%, 

6/15/2029

a

72,563

Nesco

Holdings

II,

Inc.

145,000

5.500%, 

4/15/2029

a

137,185

New

Enterprise

Stone

and

Lime

Company,

Inc.

146,000

5.250%, 

7/15/2028

a

139,867

Northrop

Grumman

Corporation

65,000

5.200%, 

6/1/2054

63,304

21,000

4.700%, 

3/15/2033

20,501

OI

European

Group

BV

154,000

4.750%, 

2/15/2030

a

141,787

Otis

Worldwide

Corporation

71,000

2.056%, 

4/5/2025

68,650

Owens-Brockway

Glass

Container,

Inc.

73,000

6.625%, 

5/13/2027

a

73,041

Pactiv

Evergreen

Group

100,000

4.375%, 

10/15/2028

a

93,287

Parker-Hannifin

Corporation

35,000

4.250%, 

9/15/2027

34,321

Patrick

Industries,

Inc.,

Convertible

24,000

1.750%, 

12/1/2028

30,983

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

312

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Capital

Goods

(3.8%)

-

continued

PGT

Innovations,

Inc.

$

136,000

4.375%, 

10/1/2029

a

$

138,098

Republic

Services,

Inc.

42,000

3.950%, 

5/15/2028

40,613

38,000

5.000%, 

12/15/2033

37,741

Roller

Bearing

Company

of

America,

Inc.

109,000

4.375%, 

10/15/2029

a

99,803

Rolls-Royce

plc

59,000

5.750%, 

10/15/2027

a

59,161

RTX

Corporation

44,000

5.750%, 

1/15/2029

45,528

Sealed

Air

Corporation

119,000

6.125%, 

2/1/2028

a

119,247

Smyrna

Ready

Mix

Concrete,

LLC

114,000

8.875%, 

11/15/2031

a

121,854

Spirit

AeroSystems,

Inc.

122,000

9.750%, 

11/15/2030

a

136,465

SRM

Escrow

Issuer,

LLC

71,000

6.000%, 

11/1/2028

a

69,392

Summit

Materials,

LLC/Summit

Materials

Finance

Corporation

33,000

7.250%, 

1/15/2031

a

34,300

Textron,

Inc.

63,000

3.650%, 

3/15/2027

60,457

Titan

Acquisition,

Ltd./Titan

Co-

Borrower,

LLC

45,000

7.750%, 

4/15/2026

a,g

44,946

TransDigm,

Inc.

193,000

5.500%, 

11/15/2027

188,899

138,000

7.125%, 

12/1/2031

a

142,217

109,000

6.625%, 

3/1/2032

a

110,122

Triumph

Group,

Inc.

110,000

9.000%, 

3/15/2028

a

115,966

Trivium

Packaging

Finance

61,000

5.500%, 

8/15/2026

a

60,145

50,000

8.500%, 

8/15/2027

a

49,376

United

Rentals

North

America,

Inc.

162,000

4.875%, 

1/15/2028

157,651

100,000

4.000%, 

7/15/2030

91,006

Veralto

Corporation

35,000

5.350%, 

9/18/2028

a

35,454

Waste

Connections,

Inc.

23,000

3.200%, 

6/1/2032

20,276

Waste

Management,

Inc.

31,000

4.875%, 

2/15/2029

31,290

Waste

Pro

USA,

Inc.

55,000

5.500%, 

2/15/2026

a

54,168

WESCO

Distribution,

Inc.

78,000

7.250%, 

6/15/2028

a

79,633

39,000

6.375%, 

3/15/2029

a

39,401

27,000

6.625%, 

3/15/2032

a

27,437

Total

6,198,059

Collateralized

Mortgage

Obligations

(8.8%)

A&D

Mortgage

Trust

184,938

6.733%, 

7/25/2068,

Ser.

2023-NQM3,

Class

A1

a,b

185,307

Angel

Oak

Mortgage

Trust

198,158

5.985%, 

1/25/2069,

Ser.

2024-2,

Class

A1

a,b

197,461

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Collateralized

Mortgage

Obligations

(8.8%)

-

continued

Arroyo

Mortgage

Trust

$

500,000

3.269%, 

12/25/2056,

Ser.

2022-1,

Class

A1B

a,b

$

444,401

Banc

of

America

Alternative

Loan

Trust

85,321

6.000%, 

11/25/2035,

Ser.

2005-10,

Class

3CB1

73,145

Banc

of

America

Mortgage

Securities

Trust

71,360

5.236%, 

9/25/2035,

Ser.

2005-H,

Class

3A1

c

65,322

Bear

Stearns

Adjustable

Rate

Mortgage

Trust

83,231

4.746%, 

1/25/2034,

Ser.

2003-8,

Class

5A

c

70,603

22,002

7.670%, 

(CMT

1Y

+

2.300%),

10/25/2035,

Ser.

2005-9,

Class

A1

c

20,404

CAFL

Issuer,

LLC

300,000

2.239%, 

3/28/2029,

Ser.

2021-RTL1,

Class

A1

a,b

287,803

ChaseFlex

Trust

153,428

6.500%, 

2/25/2035,

Ser.

2005-1,

Class

1A5

119,542

CHL

Mortgage

Pass-Through

Trust

37,252

5.770%, 

12/20/2035,

Ser.

2005-HYB8,

Class

3A1

c

35,779

68,229

6.000%, 

4/25/2037,

Ser.

2007-3,

Class

A18

32,709

CHNGE

Mortgage

Trust

231,101

3.757%, 

3/25/2067,

Ser.

2022-2,

Class

A1

a,c

216,557

236,814

5.000%, 

5/25/2067,

Ser.

2022-3,

Class

A1

a,c

230,615

247,813

6.525%, 

6/25/2058,

Ser.

2023-2,

Class

A1

a,b

246,140

497,900

5.820%, 

6/25/2067,

Ser.

2022-NQM1,

Class

A3

a,b

489,273

297,498

6.000%, 

10/25/2057,

Ser.

2022-4,

Class

A1

a,b

293,318

Citigroup

Mortgage

Loan

Trust,

Inc.

184,697

5.500%, 

8/25/2034,

Ser.

2004-NCM2,

Class

1CB1

174,112

280,692

5.213%, 

4/25/2037,

Ser.

2007-AR5,

Class

1A1A

c

241,544

Countrywide

Alternative

Loan

Trust

74,524

5.000%, 

3/25/2035,

Ser.

2005-3CB,

Class

1A1

59,838

113,374

5.500%, 

5/25/2035,

Ser.

2005-J3,

Class

1A5

90,694

45,162

5.500%, 

10/25/2035,

Ser.

2005-46CB,

Class

A8

32,314

29,251

5.500%, 

2/25/2036,

Ser.

2005-85CB,

Class

2A2

22,561

Countrywide

Home

Loan

Mortgage

Pass

Through

Trust

75,036

4.698%, 

11/25/2035,

Ser.

2005-22,

Class

2A1

c

59,938

Credit

Suisse

Mortgage

Trust

222,070

6.567%, 

8/25/2067,

Ser.

2022-ATH3,

Class

A3

a,c

218,599

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

313

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Collateralized

Mortgage

Obligations

(8.8%)

-

continued

$

212,119

2.572%, 

11/25/2066,

Ser.

2022-NQM1,

Class

A2

a,c

$

178,506

Deutsche

Alt-A

Securities,

Inc.,

Mortgage

Loan

Trust

105,049

5.250%, 

6/25/2035,

Ser.

2005-3,

Class

4A6

92,602

Federal

Home

Loan

Mortgage

Corporation

326,826

3.500%, 

8/15/2035,

Ser.

345,

Class

C8

h

33,123

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

110,177

4.000%, 

1/25/2051,

Ser.

5249,

Class

LA

105,300

328,046

Zero

Coupon, 

9/25/2053,

Ser.

5334,

Class

BO

259,561

3,316,795

1.500%, 

12/25/2050,

Ser.

5107,

Class

IO

h

270,203

133,636

3.000%, 

5/15/2027,

Ser.

4046,

Class

GI

h

3,560

138,711

3.000%, 

7/15/2027,

Ser.

4084,

Class

NI

h

4,397

258,705

3.500%, 

10/15/2032,

Ser.

4119,

Class

KI

h

23,247

262,348

3.000%, 

4/15/2033,

Ser.

4203,

Class

DI

h

12,216

Federal

National

Mortgage

Association

-

REMIC

166,055

4.500%, 

6/25/2052,

Ser.

2022-43,

Class

MA

162,283

317,889

4.000%, 

7/25/2052,

Ser.

2022-37,

Class

PE

303,341

103,759

3.000%, 

7/25/2027,

Ser.

2012-73,

Class

DI

h

2,908

161,983

3.000%, 

7/25/2027,

Ser.

2012-74,

Class

AI

h

4,634

199,902

3.000%, 

8/25/2027,

Ser.

2012-95,

Class

HI

h

4,189

415,952

3.000%, 

11/25/2027,

Ser.

2012-121,

Class

BI

h

14,037

222,920

3.000%, 

12/25/2027,

Ser.

2012-139,

Class

DI

h

6,945

99,139

2.500%, 

1/25/2028,

Ser.

2012-152,

Class

AI

h

2,966

299,854

3.000%, 

1/25/2028,

Ser.

2012-147,

Class

EI

h

8,454

334,993

3.000%, 

3/25/2028,

Ser.

2013-18,

Class

IL

h

8,718

210,323

2.500%, 

6/25/2028,

Ser.

2013-87,

Class

IW

h

7,117

169,710

3.000%, 

11/25/2031,

Ser.

2013-69,

Class

IO

h

3,377

246,985

3.000%, 

2/25/2033,

Ser.

2013-1,

Class

YI

h

20,117

209,268

4.500%, 

1/25/2046,

Ser.

2022-68,

Class

BA

204,143

First

Horizon

Alternative

Mortgage

Securities

Trust

26,711

6.443%, 

7/25/2035,

Ser.

2005-AA5,

Class

2A1

c

23,989

Flagstar

Mortgage

Trust

270,986

3.000%, 

3/25/2050,

Ser.

2020-1INV,

Class

A3

a,c

228,897

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Collateralized

Mortgage

Obligations

(8.8%)

-

continued

$

527,815

2.500%, 

8/25/2051,

Ser.

2021-6INV,

Class

A4

a,c

$

422,871

218,898

2.500%, 

9/25/2041,

Ser.

2021-9INV,

Class

A1

a,c

191,478

GCAT

Trust

195,991

6.500%, 

1/25/2054,

Ser.

2024-INV1,

Class

2A2

a,c

197,661

194,264

4.250%, 

5/25/2067,

Ser.

2023-NQM4,

Class

A2

a,c

179,330

367,303

5.730%, 

8/25/2067,

Ser.

2022-NQM4,

Class

A3

a,b

364,018

GMAC

Mortgage

Corporation

Loan

Trust

28,116

3.725%, 

5/25/2035,

Ser.

2005-AR2,

Class

4A

c

22,989

845

4.055%, 

9/19/2035,

Ser.

2005-AR5,

Class

5A1

c

726

GS

Mortgage-Backed

Securities

Trust

234,514

5.500%, 

10/27/2053,

Ser.

2023-PJ3,

Class

A16

a,c

230,776

Home

RE,

Ltd.

350,000

9.920%, 

(SOFR30A

+

4.600%),

10/25/2033,

Ser.

2023-1,

Class

M1B

a,c

363,275

200,000

8.820%, 

(SOFR30A

+

3.500%),

10/25/2034,

Ser.

2022-1,

Class

M1B

a,c

204,406

IndyMac

IMJA

Mortgage

Loan

Trust

81,416

6.250%, 

11/25/2037,

Ser.

2007-A3,

Class

A1

35,648

IndyMac

INDA

Mortgage

Loan

Trust

464,944

3.600%, 

8/25/2036,

Ser.

2006-AR1,

Class

A1

c

358,176

J.P.

Morgan

Mortgage

Trust

197,803

2.774%, 

5/25/2052,

Ser.

2021-LTV2,

Class

A2

a,c

163,038

350,431

5.000%, 

10/25/2053,

Ser.

2023-3,

Class

A4A

a,c

341,314

34,997

6.500%, 

1/25/2035,

Ser.

2005-S1,

Class

1A2

34,886

32,811

5.547%, 

7/25/2035,

Ser.

2007-A1,

Class

2A1

c

30,811

LHOME

Mortgage

Trust

190,781

2.363%, 

9/25/2026,

Ser.

2021-RTL3,

Class

A1

a,b

187,964

200,000

7.628%, 

11/25/2028,

Ser.

2023-RTL4,

Class

A1

a,b

202,404

200,000

7.017%, 

1/25/2029,

Ser.

2024-RTL1,

Class

A1

a,b

200,724

MASTR

Alternative

Loans

Trust

33,575

5.000%, 

3/25/2055,

Ser.

2004-10,

Class

3A1

26,931

Merrill

Lynch

Alternative

Note

Asset

Trust

165,473

6.000%, 

3/25/2037,

Ser.

2007-F1,

Class

2A1

60,600

MFRA

Trust

200,000

7.093%, 

2/25/2029,

Ser.

2024-RTL1,

Class

A1

a,b

200,063

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

314

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Collateralized

Mortgage

Obligations

(8.8%)

-

continued

MortgageIT

Trust

$

485,661

5.904%, 

(TSFR1M

+

0.574%),

6/25/2047,

Ser.

2007-1,

Class

1A1

c

$

397,751

NYMT

Loan

Trust

200,000

7.154%, 

2/25/2029,

Ser.

2024-BPL1,

Class

A1

a,b

198,159

Preston

Ridge

Partners

Mortgage

Trust,

LLC

246,440

4.000%, 

1/25/2054,

Ser.

2024-RCF1,

Class

A1

a,b

235,162

Pretium

Mortgage

Credit

Partners,

LLC

196,491

7.021%, 

2/25/2054,

Ser.

2024-NPL2,

Class

A1

a,b

195,830

PRKCM

Trust

86,688

7.087%, 

6/25/2058,

Ser.

2023-AFC2,

Class

A3

a

86,517

191,062

7.627%, 

11/25/2058,

Ser.

2023-AFC4,

Class

A2

a,b

195,025

Residential

Accredit

Loans,

Inc.

Trust

117,460

6.000%, 

8/25/2035,

Ser.

2005-QS10,

Class

2A

99,349

50,768

6.000%, 

1/25/2037,

Ser.

2007-QS1,

Class

1A1

38,604

57,566

6.250%, 

4/25/2037,

Ser.

2007-QS6,

Class

A6

45,954

ROC

Securities

Trust

Series

386,896

3.487%, 

8/25/2026,

Ser.

2021-RTL1,

Class

A1

a,c

384,699

Saluda

Grade

Alternative

Mortgage

Trust

200,000

7.762%, 

4/25/2030,

Ser.

2024-RTL5,

Class

A1

a,b

200,139

Toorak

Mortgage

Trust

400,000

7.333%, 

2/25/2031,

Ser.

2024-1,

Class

A1

a,b

398,467

Triangle

Re,

Ltd.

250,000

8.720%, 

(SOFR30A

+

3.400%),

11/25/2033,

Ser.

2023-1,

Class

M1A

a,c

255,162

9,575

7.220%, 

(SOFR30A

+

1.900%),

2/25/2034,

Ser.

2021-3,

Class

M1A

a,c

9,579

Unlock

HEA

Trust

350,000

7.000%, 

4/25/2039,

Ser.

2024-1,

Class

A

a

342,125

Verus

Securitization

Trust

363,602

2.137%, 

10/25/2066,

Ser.

2021-7,

Class

A2

a,c

307,338

216,594

2.491%, 

11/25/2066,

Ser.

2021-8,

Class

A3

a,c

182,160

248,392

6.560%, 

12/25/2067,

Ser.

2023-1,

Class

A2

a,b

248,417

384,867

6.664%, 

12/25/2068,

Ser.

2023-8,

Class

A2

a,b

386,748

106,259

2.226%, 

5/25/2060,

Ser.

2020-2,

Class

A1

a,c

104,932

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Collateralized

Mortgage

Obligations

(8.8%)

-

continued

Washington

Mutual

Mortgage

Pass-Through

Certificates

$

87,981

6.000%, 

3/25/2035,

Ser.

2005-1,

Class

2A

$

71,923

Total

14,300,938

Commercial

Mortgage-Backed

Securities

(0.5%)

BANK

2022-BNK39

3,980,872

0.423%, 

2/15/2055,

Ser.

2022-BNK39,

Class

XA

c,h

106,047

BANK5

2023-5YR1

200,000

6.411%, 

4/15/2056,

Ser.

2023-5YR1,

Class

AS

c

206,122

BBCMS

Mortgage

Trust

1,613,388

0.713%, 

2/15/2055,

Ser.

2022-C14,

Class

XA

c,h

63,256

1,993,516

1.151%, 

9/15/2055,

Ser.

2022-C17,

Class

XA

c,h

151,339

SCOTT

Trust

200,000

5.910%, 

3/15/2040,

Ser.

2023-SFS,

Class

A

a

201,142

Total

727,906

Communications

Services

(4.9%)

Allen

Media,

LLC/Allen

Media

Co-

Issuer,

Inc.

123,000

10.500%, 

2/15/2028

a

57,011

Altice

Financing

SA

96,000

5.750%, 

8/15/2029

a

76,919

Altice

France

SA/France

45,000

8.125%, 

2/1/2027

a

35,175

176,000

5.125%, 

7/15/2029

a

118,982

65,000

5.500%, 

10/15/2029

a

44,118

AMC

Networks,

Inc.

66,000

4.750%, 

8/1/2025

g

65,917

19,000

10.250%, 

1/15/2029

a,f

19,138

American

Tower

Corporation

84,000

4.400%, 

2/15/2026

82,532

41,000

1.450%, 

9/15/2026

37,369

68,000

5.500%, 

3/15/2028

68,569

35,000

5.800%, 

11/15/2028

35,834

63,000

3.800%, 

8/15/2029

58,795

AT&T,

Inc.

175,000

3.550%, 

9/15/2055

122,364

123,000

4.300%, 

2/15/2030

118,212

37,000

5.400%, 

2/15/2034

37,485

Bell

Telephone

Company

of

Canada

74,000

5.550%, 

2/15/2054

73,876

43,000

5.100%, 

5/11/2033

42,665

Cable

One,

Inc.,

Convertible

23,000

1.125%, 

3/15/2028

17,264

CCO

Holdings,

LLC/CCO

Holdings

Capital

Corporation

115,000

5.125%, 

5/1/2027

a

109,569

136,000

6.375%, 

9/1/2029

a

129,021

269,000

4.750%, 

3/1/2030

a

230,974

203,000

4.750%, 

2/1/2032

a

165,673

133,000

4.250%, 

1/15/2034

a

100,396

CenterPoint

Energy,

Inc.,

Convertible

1,445

3.369%, 

9/15/2029

46,601

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

315

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Communications

Services

(4.9%)

-

continued

Charter

Communications

Operating,

LLC/Charter

Communications

Operating

Capital

Corporation

$

27,000

6.150%, 

11/10/2026

$

27,211

63,000

5.050%, 

3/30/2029

60,746

Cimpress

plc

89,000

7.000%, 

6/15/2026

89,080

Clear

Channel

Outdoor

Holdings,

Inc.

141,000

7.500%, 

6/1/2029

a,g

116,613

Clear

Channel

Worldwide

Holdings,

Inc.

161,000

5.125%, 

8/15/2027

a

151,764

Comcast

Corporation

105,000

3.400%, 

4/1/2030

97,102

Connect

Finco

SARL/Connect

US

Finco,

LLC

73,000

6.750%, 

10/1/2026

a

71,560

Crown

Castle,

Inc.

71,000

2.900%, 

3/15/2027

66,409

CSC

Holdings,

LLC

140,000

5.375%, 

2/1/2028

a

120,417

42,000

11.750%, 

1/31/2029

a

42,065

107,000

6.500%, 

2/1/2029

a

90,662

172,000

5.750%, 

1/15/2030

a

91,052

61,000

4.125%, 

12/1/2030

a

43,618

Deutsche

Telekom

International

Finance

BV

144,000

8.750%, 

6/15/2030

170,224

DIRECTV

Financing,

LLC/DIRECTV

Financing

Co-Obligor,

Inc.

255,000

5.875%, 

8/15/2027

a

241,239

DISH

DBS

Corporation

50,000

5.875%, 

11/15/2024

g

47,906

65,000

5.250%, 

12/1/2026

a,g

51,182

53,000

7.375%, 

7/1/2028

25,516

38,000

5.750%, 

12/1/2028

a,g

26,116

77,000

5.125%, 

6/1/2029

32,116

DISH

Network

Corporation

75,000

11.750%, 

11/15/2027

a

76,570

Frontier

Communications

Holdings,

LLC

157,000

5.875%, 

10/15/2027

a

151,997

107,000

6.750%, 

5/1/2029

a

95,357

38,000

8.750%, 

5/15/2030

a

38,882

GCI,

LLC

119,000

4.750%, 

10/15/2028

a

109,112

Gray

Television,

Inc.

115,000

4.750%, 

10/15/2030

a

75,421

55,000

5.375%, 

11/15/2031

a

36,065

iHeartCommunications,

Inc.

94,000

6.375%, 

5/1/2026

80,190

Iliad

Holding

SASU

139,000

6.500%, 

10/15/2026

a

137,698

Lamar

Media

Corporation

78,000

3.625%, 

1/15/2031

68,440

LCPR

Senior

Secured

Financing

DAC

167,000

6.750%, 

10/15/2027

a

156,733

Level

3

Financing,

Inc.

107,000

4.625%, 

9/15/2027

a

71,155

168,000

4.250%, 

7/1/2028

a

78,960

69,000

10.500%, 

5/15/2030

a,g

70,552

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Communications

Services

(4.9%)

-

continued

McGraw-Hill

Education,

Inc.

$

121,000

8.000%, 

8/1/2029

a,g

$

113,730

Meta

Platforms,

Inc.

30,000

3.850%, 

8/15/2032

28,112

News

Corporation

137,000

3.875%, 

5/15/2029

a

125,280

NTT

Finance

Corporation

51,000

1.162%, 

4/3/2026

a

47,160

Outfront

Media

Capital,

LLC/

Outfront

Media

Capital

Corporation

54,000

4.625%, 

3/15/2030

a

48,429

Paramount

Global

152,000

6.375%, 

3/30/2062

c

140,444

Playtika

Holding

Corporation

129,000

4.250%, 

3/15/2029

a

111,677

Rogers

Communications,

Inc.

50,000

5.250%, 

3/15/2082

a,c,g

47,924

29,000

5.000%, 

2/15/2029

28,799

58,000

5.300%, 

2/15/2034

57,483

Scripps

Escrow

II,

Inc.

42,000

3.875%, 

1/15/2029

a

33,397

54,000

5.375%, 

1/15/2031

a

33,224

Sinclair

Television

Group,

Inc.

140,000

4.125%, 

12/1/2030

a

101,970

Sirius

XM

Radio,

Inc.

68,000

5.000%, 

8/1/2027

a

65,422

165,000

4.000%, 

7/15/2028

a

150,954

30,000

4.125%, 

7/1/2030

a

26,225

Sprint

Capital

Corporation

118,000

6.875%, 

11/15/2028

125,745

65,000

8.750%, 

3/15/2032

78,816

Take-Two

Interactive

Software,

Inc.

64,000

4.950%, 

3/28/2028

63,754

TEGNA,

Inc.

39,000

4.750%, 

3/15/2026

a

38,236

129,000

4.625%, 

3/15/2028

117,990

Telecom

Italia

Capital

SA

94,000

6.000%, 

9/30/2034

85,977

Telecom

Italia

SPA/Milano

59,000

5.303%, 

5/30/2024

a

58,679

Telesat

Canada/Telesat,

LLC

70,000

4.875%, 

6/1/2027

a

36,400

25,000

6.500%, 

10/15/2027

a

10,000

T-Mobile

USA,

Inc.

35,000

5.500%, 

1/15/2055

34,933

70,000

3.375%, 

4/15/2029

64,738

Uniti

Group,

Inc.,

Convertible

27,000

7.500%, 

12/1/2027

a

28,080

Uniti

Group,

LP/Uniti

Group

Finance,

Inc./CSL

Capital,

LLC

118,000

4.750%, 

4/15/2028

a

103,029

69,000

6.500%, 

2/15/2029

a

53,477

Univision

Communications,

Inc.

136,000

4.500%, 

5/1/2029

a

121,537

Urban

One,

Inc.

23,000

7.375%, 

2/1/2028

a

19,517

Verizon

Communications,

Inc.

39,000

5.500%, 

2/23/2054

39,421

84,000

2.100%, 

3/22/2028

75,622

132,000

3.150%, 

3/22/2030

119,345

18,000

2.355%, 

3/15/2032

14,792

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

316

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Communications

Services

(4.9%)

-

continued

Viasat,

Inc.

$

62,000

6.500%, 

7/15/2028

a,g

$

47,877

Virgin

Media

Finance

plc

50,000

5.000%, 

7/15/2030

a

42,308

Virgin

Media

Secured

Finance

plc

105,000

5.500%, 

5/15/2029

a

97,080

Vodafone

Group

plc

48,000

7.000%, 

4/4/2079

c

49,511

VZ

Secured

Financing

BV

122,000

5.000%, 

1/15/2032

a

104,750

Walt

Disney

Company

42,000

3.800%, 

3/22/2030

40,020

Warnermedia

Holdings,

Inc.

47,000

3.638%, 

3/15/2025

46,066

141,000

4.054%, 

3/15/2029

131,994

YPSO

Finance

BIS

SA

76,000

10.500%, 

5/15/2027

a

28,437

Zayo

Group

Holdings,

Inc.

47,000

4.000%, 

3/1/2027

a

38,688

Ziggo

Bond

Company

BV

48,000

5.125%, 

2/28/2030

a,g

41,107

Total

7,922,345

Consumer

Cyclical

(6.1%)

1011778

B.C.,

ULC/New

Red

Finance,

Inc.

193,000

4.375%, 

1/15/2028

a

182,565

Adient

Global

Holdings,

Ltd.

65,000

8.250%, 

4/15/2031

a,g

68,590

Alimentation

Couche-Tard,

Inc.

53,000

5.617%, 

2/12/2054

a

53,497

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation

25,000

6.625%, 

7/15/2026

a

24,984

109,000

6.000%, 

6/1/2029

a,g

93,786

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation/

Atlas

Luxco

4

SARL

190,000

4.625%, 

6/1/2028

a

173,502

Allison

Transmission,

Inc.

78,000

3.750%, 

1/30/2031

a

68,057

Amazon.com,

Inc.

42,000

1.500%, 

6/3/2030

35,050

86,000

4.700%, 

12/1/2032

86,330

AMC

Entertainment

Holdings,

Inc.

28,000

7.500%, 

2/15/2029

a

18,702

American

Axle

&

Manufacturing,

Inc.

186,000

6.500%, 

4/1/2027

g

185,369

American

Honda

Finance

Corporation

51,000

5.650%, 

11/15/2028

52,554

60,000

5.850%, 

10/4/2030

62,754

44,000

4.900%, 

1/10/2034

43,326

Anywhere

Real

Estate

Group,

LLC/Anywhere

Co-Issuer

Corporation

21,000

7.000%, 

4/15/2030

a

18,699

Arches

Buyer,

Inc.

84,000

6.125%, 

12/1/2028

a

70,365

Arko

Corporation

88,000

5.125%, 

11/15/2029

a

72,835

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Consumer

Cyclical

(6.1%)

-

continued

Asbury

Automotive

Group,

Inc.

$

66,000

5.000%, 

2/15/2032

a

$

59,799

Ashton

Woods

USA,

LLC/Ashton

Woods

Finance

Company

80,000

4.625%, 

8/1/2029

a

73,793

63,000

4.625%, 

4/1/2030

a

57,561

Beazer

Homes

USA,

Inc.

27,000

7.500%, 

3/15/2031

a

27,268

Best

Buy

Company,

Inc.

42,000

1.950%, 

10/1/2030

34,915

Bloomin'

Brands,

Inc.,

Convertible

2,000

5.000%, 

5/1/2025

5,147

Booking

Holdings,

Inc.,

Convertible

29,000

0.750%, 

5/1/2025

55,970

Boyd

Gaming

Corporation

105,000

4.750%, 

6/15/2031

a

96,489

Boyne

USA,

Inc.

52,000

4.750%, 

5/15/2029

a

48,203

Brookfield

Residential

Properties,

Inc./Brookfield

Residential

US,

LLC

77,000

6.250%, 

9/15/2027

a

75,331

Burlington

Stores,

Inc.,

Convertible

45,000

2.250%, 

4/15/2025

52,623

20,000

1.250%, 

12/15/2027

a

25,460

Caesars

Entertainment,

Inc.

55,000

8.125%, 

7/1/2027

a

56,329

261,000

4.625%, 

10/15/2029

a

237,998

48,000

6.500%, 

2/15/2032

a

48,423

Carnival

Corporation

97,000

7.625%, 

3/1/2026

a

98,141

163,000

5.750%, 

3/1/2027

a

161,327

56,000

4.000%, 

8/1/2028

a

52,164

20,000

6.000%, 

5/1/2029

a

19,734

Carvana

Company

66,000

0.000%,PIK

12.000%,

12/1/2028

a,i

64,531

Cedar

Fair,

LP

104,000

5.250%, 

7/15/2029

98,585

Churchill

Downs,

Inc.

75,000

4.750%, 

1/15/2028

a

71,397

57,000

6.750%, 

5/1/2031

a

57,318

Cinemark

USA,

Inc.

115,000

5.875%, 

3/15/2026

a

113,540

Clarios

Global,

LP/Clarios

US

Finance

Company,

Inc.

59,000

8.500%, 

5/15/2027

a

59,089

141,000

6.750%, 

5/15/2028

a

142,922

D.R.

Horton,

Inc.

21,000

2.600%, 

10/15/2025

20,122

Dana,

Inc.

59,000

4.500%, 

2/15/2032

50,995

eG

Global

Finance

plc

19,000

12.000%, 

11/30/2028

a

20,196

Expedia

Group,

Inc.

73,000

3.250%, 

2/15/2030

65,713

Expedia

Group,

Inc.,

Convertible

69,000

Zero

Coupon, 

2/15/2026

63,549

Ford

Motor

Company,

Convertible

104,000

Zero

Coupon, 

3/15/2026

107,484

Ford

Motor

Credit

Company,

LLC

80,000

2.900%, 

2/10/2029

70,536

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

317

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Consumer

Cyclical

(6.1%)

-

continued

$

67,000

7.122%, 

11/7/2033

$

72,086

Forestar

Group,

Inc.

97,000

3.850%, 

5/15/2026

a

92,634

General

Motors

Financial

Company,

Inc.

80,000

3.950%, 

4/13/2024

79,932

38,000

1.200%, 

10/15/2024

37,093

145,000

2.900%, 

2/26/2025

141,447

41,000

2.750%, 

6/20/2025

39,621

20,000

5.800%, 

6/23/2028

20,391

45,000

5.800%, 

1/7/2029

45,793

44,000

5.700%, 

9/30/2030

c,j

42,189

14,000

5.750%, 

2/8/2031

14,152

Genuine

Parts

Company

30,000

6.500%, 

11/1/2028

31,683

Goodyear

Tire

&

Rubber

Company

70,000

5.000%, 

7/15/2029

g

65,354

Hanesbrands,

Inc.

44,000

4.875%, 

5/15/2026

a

42,840

43,000

9.000%, 

2/15/2031

a,g

44,180

Hilton

Domestic

Operating

Company,

Inc.

162,000

4.875%, 

1/15/2030

155,326

57,000

3.625%, 

2/15/2032

a

49,077

Hilton

Grand

Vacations

Borrower

Escrow,

LLC/Hilton

Grand

Vacations

Borrower

Escrow,

Inc.

91,000

5.000%, 

6/1/2029

a

84,867

Home

Depot,

Inc.

68,000

3.250%, 

4/15/2032

60,777

Hyatt

Hotels

Corporation

37,000

5.750%, 

1/30/2027

37,576

Hyundai

Capital

America

33,000

5.500%, 

3/30/2026

a

33,054

63,000

3.000%, 

2/10/2027

a

59,145

30,000

6.500%, 

1/16/2029

a

31,473

International

Game

Technology

plc

122,000

5.250%, 

1/15/2029

a

117,875

Jacobs

Entertainment,

Inc.

83,000

6.750%, 

2/15/2029

a

80,628

KB

Home

100,000

4.800%, 

11/15/2029

95,444

Kohl's

Corporation

39,000

4.625%, 

5/1/2031

32,819

L

Brands,

Inc.

209,000

6.625%, 

10/1/2030

a

213,493

30,000

6.875%, 

11/1/2035

30,677

Lennar

Corporation

41,000

4.750%, 

5/30/2025

40,643

Light

&

Wonder

International,

Inc.

125,000

7.250%, 

11/15/2029

a

128,321

Live

Nation

Entertainment,

Inc.

84,000

4.750%, 

10/15/2027

a

80,205

Live

Nation

Entertainment,

Inc.,

Convertible

34,000

2.000%, 

2/15/2025

g

37,635

78,000

3.125%, 

1/15/2029

g

93,553

Lowe's

Companies,

Inc.

98,000

4.500%, 

4/15/2030

95,825

Macy's

Retail

Holdings,

LLC

100,000

5.875%, 

4/1/2029

a,g

98,102

38,000

6.125%, 

3/15/2032

a

36,833

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Consumer

Cyclical

(6.1%)

-

continued

Marriott

International,

Inc./MD

$

46,000

4.900%, 

4/15/2029

$

45,637

62,000

4.625%, 

6/15/2030

60,320

Marriott

Vacations

Worldwide

Corporation,

Convertible

47,000

Zero

Coupon, 

1/15/2026

44,532

58,000

3.250%, 

12/15/2027

54,404

Mattamy

Group

Corporation

115,000

5.250%, 

12/15/2027

a

111,499

McDonald's

Corporation

40,000

4.950%, 

8/14/2033

40,056

Mercedes-Benz

Finance

North

America,

LLC

63,000

1.450%, 

3/2/2026

a

58,787

36,000

5.200%, 

8/3/2026

a

36,083

Michaels

Companies,

Inc.

33,000

5.250%, 

5/1/2028

a

28,119

30,000

7.875%, 

5/1/2029

a

22,507

NCL

Corporation,

Ltd.

91,000

5.875%, 

3/15/2026

a

89,831

104,000

5.875%, 

2/15/2027

a

102,751

Nordstrom,

Inc.

46,000

4.375%, 

4/1/2030

g

41,653

64,000

4.250%, 

8/1/2031

56,196

PENN

Entertainment,

Inc.

95,000

4.125%, 

7/1/2029

a,g

81,695

PetSmart,

Inc./PetSmart

Finance

Corporation

195,000

4.750%, 

2/15/2028

a

182,568

68,000

7.750%, 

2/15/2029

a

66,201

Prime

Security

Services

Borrower,

LLC/Prime

Finance,

Inc.

178,000

5.750%, 

4/15/2026

a

177,481

108,000

6.250%, 

1/15/2028

a,g

105,794

QVC,

Inc.

24,000

4.375%, 

9/1/2028

g

19,235

Raising

Cane's

Restaurants,

LLC

49,000

9.375%, 

5/1/2029

a

52,956

Rakuten

Group,

Inc.

57,000

11.250%, 

2/15/2027

a

60,391

Real

Hero

Merger

Sub

2,

Inc.

67,000

6.250%, 

2/1/2029

a,g

58,706

Realogy

Group,

LLC/Realogy

Group

Co-Issuer

Corporation

43,000

5.750%, 

1/15/2029

a,g

30,450

Royal

Caribbean

Cruises,

Ltd.

202,000

4.250%, 

7/1/2026

a

194,939

81,000

9.250%, 

1/15/2029

a

86,878

75,000

7.250%, 

1/15/2030

a

77,924

SeaWorld

Parks

and

Entertainment,

Inc.

91,000

5.250%, 

8/15/2029

a

85,708

Six

Flags

Theme

Parks,

Inc.

38,000

7.000%, 

7/1/2025

a

38,055

Staples,

Inc.

118,000

7.500%, 

4/15/2026

a

115,165

40,000

10.750%, 

4/15/2027

a

38,022

Station

Casinos,

LLC

107,000

4.625%, 

12/1/2031

a

96,171

Tapestry,

Inc.

52,000

7.350%, 

11/27/2028

54,793

Target

Corporation

88,000

2.350%, 

2/15/2030

77,390

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

318

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Consumer

Cyclical

(6.1%)

-

continued

Tenneco,

Inc.

$

127,000

8.000%, 

11/17/2028

a

$

115,880

Toyota

Motor

Credit

Corporation

35,000

5.550%, 

11/20/2030

36,209

30,000

4.800%, 

1/5/2034

29,513

Tractor

Supply

Company

44,000

5.250%, 

5/15/2033

44,327

Tripadvisor,

Inc.

30,000

7.000%, 

7/15/2025

a

29,918

Uber

Technologies,

Inc.,

Convertible

51,000

Zero

Coupon, 

12/15/2025

57,247

59,000

0.875%, 

12/1/2028

a

72,983

Vail

Resorts,

Inc.,

Convertible

70,000

Zero

Coupon, 

1/1/2026

64,050

VICI

Properties,

LP/VICI

Note

Company,

Inc.

152,000

5.750%, 

2/1/2027

a

151,808

Victoria's

Secret

&

Company

90,000

4.625%, 

7/15/2029

a

73,845

Viking

Cruises,

Ltd.

185,000

5.875%, 

9/15/2027

a

181,506

Volkswagen

Group

of

America

Finance,

LLC

21,000

3.350%, 

5/13/2025

a

20,499

Wabash

National

Corporation

141,000

4.500%, 

10/15/2028

a

129,302

Walgreens

Boots

Alliance,

Inc.

66,000

3.200%, 

4/15/2030

57,363

WASH

Multifamily

Acquisition,

Inc.

40,000

5.750%, 

4/15/2026

a,g

39,095

Wynn

Resorts

Finance,

LLC/Wynn

Resorts

Capital

Corporation

91,000

7.125%, 

2/15/2031

a

94,176

Yum!

Brands,

Inc.

140,000

4.750%, 

1/15/2030

a

132,785

ZF

North

America

Capital,

Inc.

77,000

7.125%, 

4/14/2030

a

81,136

Total

9,970,899

Consumer

Non-Cyclical

(5.3%)

1375209

B.C.,

Ltd.

60,000

9.000%, 

1/30/2028

a,g

58,800

AbbVie,

Inc.

86,000

5.500%, 

3/15/2064

88,443

48,000

5.350%, 

3/15/2044

48,943

AdaptHealth,

LLC

164,000

4.625%, 

8/1/2029

a

141,129

Albertsons

Companies,

Inc./

Safeway,

Inc./New

Albertsons,

LP/Albertsons,

LLC

119,000

4.625%, 

1/15/2027

a

115,168

127,000

3.500%, 

3/15/2029

a

113,993

Altria

Group,

Inc.

35,000

6.200%, 

11/1/2028

36,480

Amgen,

Inc.

62,000

5.150%, 

3/2/2028

62,397

107,000

5.250%, 

3/2/2030

108,626

Anheuser-Busch

InBev

Worldwide,

Inc.

84,000

4.750%, 

1/23/2029

83,975

99,000

5.000%, 

6/15/2034

99,589

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Consumer

Non-Cyclical

(5.3%)

-

continued

Archer-Daniels-Midland

Company

$

43,000

4.500%, 

8/15/2033

$

41,611

AstraZeneca

Finance,

LLC

98,000

1.750%, 

5/28/2028

87,012

42,000

5.000%, 

2/26/2034

42,173

B&G

Foods,

Inc.

84,000

5.250%, 

9/15/2027

g

78,493

BAT

Capital

Corporation

40,000

6.343%, 

8/2/2030

41,679

19,000

5.834%, 

2/20/2031

19,163

43,000

7.750%, 

10/19/2032

48,524

14,000

6.000%, 

2/20/2034

14,176

Bausch

+

Lomb

Corporation

25,000

8.375%, 

10/1/2028

a

25,867

Bausch

Health

Companies,

Inc.

65,000

5.500%, 

11/1/2025

a

61,354

61,000

4.875%, 

6/1/2028

a

33,288

106,000

11.000%, 

9/30/2028

a

70,755

Becton,

Dickinson

and

Company

48,000

4.693%, 

2/13/2028

47,512

63,000

2.823%, 

5/20/2030

55,591

BellRing

Brands,

Inc.

80,000

7.000%, 

3/15/2030

a

82,407

BioMarin

Pharmaceutical,

Inc.,

Convertible

45,000

1.250%, 

5/15/2027

g

44,384

Bio-Rad

Laboratories,

Inc.

70,000

3.300%, 

3/15/2027

66,378

Bristol-Myers

Squibb

Company

63,000

5.550%, 

2/22/2054

64,788

30,000

5.750%, 

2/1/2031

31,486

19,000

5.900%, 

11/15/2033

g

20,304

Campbell

Soup

Company

110,000

5.400%, 

3/21/2034

110,825

Cargill,

Inc.

88,000

2.125%, 

11/10/2031

a

72,099

Catalent

Pharma

Solutions,

Inc.

47,000

3.125%, 

2/15/2029

a

44,912

Central

Garden

&

Pet

Company

145,000

4.125%, 

10/15/2030

130,079

Cheplapharm

Arzneimittel

GmbH

20,000

5.500%, 

1/15/2028

a

19,057

Chobani,

LLC/Chobani

Finance

Corporation,

Inc.

150,000

4.625%, 

11/15/2028

a

139,881

39,000

7.625%, 

7/1/2029

a,g

39,536

CHS/Community

Health

Systems,

Inc.

98,000

5.625%, 

3/15/2027

a

90,199

36,000

8.000%, 

12/15/2027

a

35,313

132,000

6.000%, 

1/15/2029

a

115,315

61,000

6.125%, 

4/1/2030

a,g

43,988

49,000

5.250%, 

5/15/2030

a

39,955

57,000

4.750%, 

2/15/2031

a

43,990

Cigna

Group

30,000

5.600%, 

2/15/2054

30,112

51,000

2.400%, 

3/15/2030

44,041

Constellation

Brands,

Inc.

29,000

4.800%, 

1/15/2029

28,746

84,000

3.150%, 

8/1/2029

76,508

28,000

4.900%, 

5/1/2033

27,468

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

319

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Consumer

Non-Cyclical

(5.3%)

-

continued

Coty,

Inc./HFC

Prestige

Products,

Inc./HFC

Prestige

International

US,

LLC

$

174,000

4.750%, 

1/15/2029

a

$

164,658

24,000

6.625%, 

7/15/2030

a

24,372

CVS

Health

Corporation

47,000

5.000%, 

2/20/2026

46,836

33,000

4.300%, 

3/25/2028

32,204

47,000

5.125%, 

2/21/2030

47,142

37,000

5.300%, 

6/1/2033

37,087

Diageo

Capital

plc

39,000

2.000%, 

4/29/2030

33,187

40,000

5.625%, 

10/5/2033

42,075

Edgewell

Personal

Care

Company

80,000

5.500%, 

6/1/2028

a

78,199

Eli

Lilly

&

Company

66,000

5.000%, 

2/9/2054

65,628

87,000

4.700%, 

2/27/2033

86,776

Embecta

Corporation

48,000

6.750%, 

2/15/2030

a

41,589

Encompass

Health

Corporation

180,000

4.500%, 

2/1/2028

171,436

Energizer

Holdings,

Inc.

25,000

4.750%, 

6/15/2028

a

23,155

130,000

4.375%, 

3/31/2029

a,g

116,488

Envista

Holdings

Corporation,

Convertible

32,000

1.750%, 

8/15/2028

a

28,140

Fortrea

Holdings,

Inc.

36,000

7.500%, 

7/1/2030

a

37,162

General

Mills,

Inc.

18,000

4.950%, 

3/29/2033

17,799

Gilead

Sciences,

Inc.

30,000

5.250%, 

10/15/2033

30,614

Grifols

SA

125,000

4.750%, 

10/15/2028

a,g

103,420

Herbalife

Nutrition,

Ltd./HLF

Financing,

Inc.

19,000

7.875%, 

9/1/2025

a

18,997

HLF

Financing

SARL,

LLC/

Herbalife

International,

Inc.

145,000

4.875%, 

6/1/2029

a

100,775

Imperial

Brands

Finance

plc

34,000

3.125%, 

7/26/2024

a

33,704

Integer

Holdings

Corporation,

Convertible

63,000

2.125%, 

2/15/2028

90,909

Jazz

Investments

I,

Ltd.,

Convertible

66,000

2.000%, 

6/15/2026

65,366

Jazz

Securities

DAC

78,000

4.375%, 

1/15/2029

a

72,660

JBS

USA

LUX

SA/JBS

USA

Food

Company/JBS

Luxembourg

SARL

35,000

6.750%, 

3/15/2034

a

36,775

JBS

USA

LUX

SA/JBS

USA

Food

Company/JBS

USA

Finance,

Inc.

114,000

2.500%, 

1/15/2027

105,083

49,000

3.625%, 

1/15/2032

41,926

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Consumer

Non-Cyclical

(5.3%)

-

continued

KeHE

Distributors,

LLC/KeHE

Finance

Corporation/NextWave

Distribution,

Inc.

$

39,000

9.000%, 

2/15/2029

a

$

39,539

Kenvue,

Inc.

23,000

5.000%, 

3/22/2030

23,240

Keurig

Dr

Pepper,

Inc.

72,000

3.200%, 

5/1/2030

64,854

66,000

5.300%, 

3/15/2034

66,227

Kraft

Heinz

Foods

Company

45,000

6.750%, 

3/15/2032

49,867

Kroger

Company

42,000

4.500%, 

1/15/2029

41,435

Legacy

LifePoint

Health,

LLC

53,000

4.375%, 

2/15/2027

a

50,505

LifePoint

Health,

Inc.

35,000

9.875%, 

8/15/2030

a

36,611

50,000

11.000%, 

10/15/2030

a

53,440

Mattel,

Inc.

137,000

3.375%, 

4/1/2026

a

131,024

McKesson

Corporation

134,000

1.300%, 

8/15/2026

122,654

Medline

Borrower,

LP/Medline

Co-

Issuer,

Inc.

78,000

6.250%, 

4/1/2029

a

78,349

Medtronic

Global

Holdings

SCA

45,000

4.500%, 

3/30/2033

43,667

ModivCare

Escrow

Issuer,

Inc.

45,000

5.000%, 

10/1/2029

a

32,629

ModivCare,

Inc.

36,000

5.875%, 

11/15/2025

a

35,059

Mozart

Debt

Merger

Sub,

Inc.

122,000

3.875%, 

4/1/2029

a

111,045

96,000

5.250%, 

10/1/2029

a

90,736

Organon

&

Company/Organon

Foreign

Debt

Co-Issuer

BV

128,000

4.125%, 

4/30/2028

a

119,282

74,000

5.125%, 

4/30/2031

a

65,794

Owens

&

Minor,

Inc.

121,000

6.625%, 

4/1/2030

a,g

120,094

Perrigo

Finance

Unlimited

Company

61,000

4.375%, 

3/15/2026

59,356

69,000

3.150%, 

6/15/2030

63,429

Philip

Morris

International,

Inc.

88,000

4.875%, 

2/15/2028

87,758

43,000

5.625%, 

11/17/2029

44,284

23,000

5.125%, 

2/13/2031

22,849

43,000

5.750%, 

11/17/2032

44,394

39,000

5.250%, 

2/13/2034

38,654

Post

Holdings,

Inc.

99,000

4.500%, 

9/15/2031

a

89,050

Post

Holdings,

Inc.,

Convertible

53,000

2.500%, 

8/15/2027

59,599

Primo

Water

Holdings,

Inc.

119,000

4.375%, 

4/30/2029

a

109,430

Procter

&

Gamble

Company

42,000

1.200%, 

10/29/2030

34,354

RegionalCare

Hospital

Partners

Holdings,

Inc./LifePoint

Health,

Inc.

53,000

9.750%, 

12/1/2026

a

53,071

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

320

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Consumer

Non-Cyclical

(5.3%)

-

continued

Roche

Holdings,

Inc.

$

52,000

5.218%, 

3/8/2054

a

$

52,744

39,000

1.930%, 

12/13/2028

a

34,424

68,000

2.076%, 

12/13/2031

a

56,017

Royalty

Pharma

plc

97,000

1.200%, 

9/2/2025

91,300

Scotts

Miracle-Gro

Company

50,000

4.500%, 

10/15/2029

45,250

Sigma

Holdco

BV

59,000

7.875%, 

5/15/2026

a

56,640

Simmons

Foods,

Inc.

152,000

4.625%, 

3/1/2029

a

134,324

Spectrum

Brands,

Inc.

59,000

5.000%, 

10/1/2029

a

57,823

60,000

5.500%, 

7/15/2030

a

58,765

Star

Parent,

Inc.

82,000

9.000%, 

10/1/2030

a,g

86,781

Surgery

Center

Holdings,

Inc.

47,000

7.250%, 

4/15/2032

a,f

47,365

Sysco

Corporation

42,000

5.950%, 

4/1/2030

43,792

Takeda

Pharmaceutical

Company,

Ltd.

75,000

5.000%, 

11/26/2028

75,112

Tenet

Healthcare

Corporation

335,000

5.125%, 

11/1/2027

327,673

55,000

6.125%, 

10/1/2028

g

54,803

Teva

Pharmaceutical

Finance

Netherlands

III

BV

97,000

3.150%, 

10/1/2026

90,684

Topgolf

Callaway

Brands

Corporation,

Convertible

22,000

2.750%, 

5/1/2026

25,146

Triton

Water

Holdings,

Inc.

75,000

6.250%, 

4/1/2029

a

68,311

Viterra

Finance

BV

60,000

3.200%, 

4/21/2031

a

51,942

Winnebago

Industries,

Inc.,

Convertible

41,000

3.250%, 

1/15/2030

a

44,301

Wyeth,

LLC

106,000

6.500%, 

2/1/2034

117,406

Zoetis,

Inc.

56,000

5.600%, 

11/16/2032

58,119

Total

8,621,675

Energy

(5.0%)

Antero

Midstream

Partners,

LP/

Antero

Midstream

Finance

Corporation

85,000

5.375%, 

6/15/2029

a

81,741

Antero

Resources

Corporation

48,000

5.375%, 

3/1/2030

a

46,098

Apache

Corporation

59,000

4.375%, 

10/15/2028

55,771

Archrock

Partners,

LP/Archrock

Partners

Finance

Corporation

167,000

6.250%, 

4/1/2028

a

165,236

Ascent

Resources

Utica

Holdings,

LLC/ARU

Finance

Corporation

79,000

8.250%, 

12/31/2028

a

81,155

Baytex

Energy

Corporation

90,000

8.500%, 

4/30/2030

a

93,977

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Energy

(5.0%)

-

continued

Borr

IHC,

Ltd./Borr

Finance,

LLC

$

100,000

10.375%, 

11/15/2030

a

$

104,000

BP

Capital

Markets

America,

Inc.

169,000

4.234%, 

11/6/2028

165,390

61,000

4.812%, 

2/13/2033

60,201

BP

Capital

Markets

plc

51,000

4.875%, 

3/22/2030

c,j

48,655

52,000

6.450%, 

12/1/2033

c,j

53,851

Buckeye

Partners,

LP

56,000

4.500%, 

3/1/2028

a

53,201

Cheniere

Energy

Partners,

LP

42,000

4.500%, 

10/1/2029

39,973

41,000

3.250%, 

1/31/2032

34,925

52,000

5.950%, 

6/30/2033

g

53,163

Cheniere

Energy,

Inc.

28,000

5.650%, 

4/15/2034

a

28,200

Chesapeake

Energy

Corporation

69,000

6.750%, 

4/15/2029

a

69,739

Civitas

Resources,

Inc.

60,000

8.375%, 

7/1/2028

a

63,163

29,000

8.625%, 

11/1/2030

a

31,140

100,000

8.750%, 

7/1/2031

a

107,006

CNX

Resources

Corporation

53,000

6.000%, 

1/15/2029

a

51,891

CNX

Resources

Corporation,

Convertible

40,000

2.250%, 

5/1/2026

75,624

Columbia

Pipelines

Holding

Company,

LLC

34,000

6.055%, 

8/15/2026

a

34,372

77,000

6.042%, 

8/15/2028

a

78,680

Comstock

Resources,

Inc.

62,000

6.750%, 

3/1/2029

a

59,126

26,000

5.875%, 

1/15/2030

a

23,546

CQP

Holdco,

LP/BIP-V

Chinnok

Holdco,

LLC

113,000

5.500%, 

6/15/2031

a

106,798

Crescent

Energy

Finance,

LLC

47,000

9.250%, 

2/15/2028

a

49,627

117,000

7.625%, 

4/1/2032

a

117,902

Delek

Logistics

Partners,

LP/Delek

Logistics

Finance

Corporation

47,000

8.625%, 

3/15/2029

a

47,995

Diamond

Foreign

Asset

Company/

Diamond

Finance,

LLC

33,000

8.500%, 

10/1/2030

a

34,828

Diamondback

Energy,

Inc.

111,000

3.125%, 

3/24/2031

98,336

DT

Midstream,

Inc.

67,000

4.125%, 

6/15/2029

a

61,595

35,000

4.375%, 

6/15/2031

a

31,697

Enbridge,

Inc.

50,000

7.375%, 

1/15/2083

c

50,234

50,000

7.625%, 

1/15/2083

c

51,313

30,000

5.900%, 

11/15/2026

30,557

22,000

5.700%, 

3/8/2033

22,531

Enerflex,

Ltd.

78,000

9.000%, 

10/15/2027

a

80,143

Energy

Transfer,

LP

31,000

5.950%, 

5/15/2054

30,936

50,000

6.750%, 

5/15/2025

c,j

49,134

30,000

4.400%, 

3/15/2027

29,356

28,000

6.400%, 

12/1/2030

29,556

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

321

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Energy

(5.0%)

-

continued

Enterprise

Products

Operating,

LLC

$

42,000

4.150%, 

10/16/2028

$

40,855

53,000

8.573%, 

(TSFR3M

+

3.248%),

8/16/2077

c

52,899

EQM

Midstream

Partners,

LP

248,000

4.750%, 

1/15/2031

a

230,629

Ferrellgas,

LP/Ferrellgas

Finance

Corporation

103,000

5.375%, 

4/1/2026

a

100,769

Genesis

Energy

LP/Genesis

Energy

Finance

Corporation

132,000

8.875%, 

4/15/2030

138,171

Harvest

Midstream,

LP

100,000

7.500%, 

9/1/2028

a

101,393

Hess

Midstream

Operations,

LP

80,000

5.625%, 

2/15/2026

a

79,361

Hilcorp

Energy

I,

LP/Hilcorp

Finance

Company

75,000

5.750%, 

2/1/2029

a

73,053

111,000

6.250%, 

4/15/2032

a

109,468

Howard

Midstream

Energy

Partners,

LLC

152,000

6.750%, 

1/15/2027

a

151,654

ITT

Holdings,

LLC

132,000

6.500%, 

8/1/2029

a

120,463

Kodiak

Gas

Services,

LLC

49,000

7.250%, 

2/15/2029

a

49,911

Laredo

Petroleum,

Inc.

156,000

7.750%, 

7/31/2029

a

157,289

Marathon

Oil

Corporation

42,000

4.400%, 

7/15/2027

40,813

MEG

Energy

Corporation

118,000

5.875%, 

2/1/2029

a

115,949

MPLX,

LP

105,000

1.750%, 

3/1/2026

98,153

21,000

5.000%, 

3/1/2033

20,386

Nabors

Industries,

Ltd.

40,000

7.250%, 

1/15/2026

a

39,752

National

Fuel

Gas

Company

92,000

5.500%, 

1/15/2026

91,858

New

Fortress

Energy,

Inc.

31,000

8.750%, 

3/15/2029

a

30,882

NGL

Energy

Operating,

LLC/NGL

Energy

Finance

Corporation

32,000

8.125%, 

2/15/2029

a

32,774

48,000

8.375%, 

2/15/2032

a

49,205

Noble

Finance

II,

LLC

95,000

8.000%, 

4/15/2030

a

98,957

Northern

Oil

and

Gas,

Inc.

92,000

8.750%, 

6/15/2031

a

97,148

Northern

Oil

and

Gas,

Inc.,

Convertible

40,000

3.625%, 

4/15/2029

48,700

Northriver

Midstream

Finance,

LP

47,000

5.625%, 

2/15/2026

a

46,598

NuStar

Logistics,

LP

78,000

6.375%, 

10/1/2030

78,504

Occidental

Petroleum

Corporation

70,000

8.875%, 

7/15/2030

81,318

ONEOK,

Inc.

63,000

2.200%, 

9/15/2025

60,111

33,000

5.550%, 

11/1/2026

33,302

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Energy

(5.0%)

-

continued

$

42,000

5.650%, 

11/1/2028

$

42,933

Ovintiv,

Inc.

37,000

5.650%, 

5/15/2028

g

37,612

33,000

6.250%, 

7/15/2033

34,310

PBF

Holding

Company,

LLC/PBF

Finance

Corporation

65,000

6.000%, 

2/15/2028

63,959

Permian

Resources

Operating,

LLC

123,000

7.000%, 

1/15/2032

a

127,602

Permian

Resources

Operating,

LLC,

Convertible

20,000

3.250%, 

4/1/2028

59,050

Pioneer

Natural

Resources

Company

63,000

1.900%, 

8/15/2030

52,923

Pioneer

Natural

Resources

Company,

Convertible

31,000

0.250%, 

5/15/2025

88,679

Plains

All

American

Pipeline,

LP

2,000

9.679%, 

(TSFR3M

+

4.372%),

5/2/2024

c,g,j

1,987

Plains

All

American

Pipeline,

LP/

PAA

Finance

Corporation

103,000

4.650%, 

10/15/2025

101,601

Prairie

Acquiror,

LP

62,000

9.000%, 

8/1/2029

a

63,825

Precision

Drilling

Corporation

117,000

6.875%, 

1/15/2029

a

116,783

Range

Resources

Corporation

73,000

4.750%, 

2/15/2030

a

68,062

Rockcliff

Energy

II,

LLC

96,000

5.500%, 

10/15/2029

a

89,839

Rockies

Express

Pipeline,

LLC

101,000

4.950%, 

7/15/2029

a

94,393

Schlumberger

Holdings

Corporation

27,000

4.300%, 

5/1/2029

a

26,356

SM

Energy

Company

43,000

6.625%, 

1/15/2027

42,962

55,000

6.500%, 

7/15/2028

55,236

Southwestern

Energy

Company

66,000

5.375%, 

3/15/2030

63,522

71,000

4.750%, 

2/1/2032

65,360

Suncor

Energy,

Inc.

43,000

7.150%, 

2/1/2032

47,626

Sunoco,

LP/Sunoco

Finance

Corporation

65,000

5.875%, 

3/15/2028

64,378

95,000

4.500%, 

4/30/2030

86,993

Tallgrass

Energy

Partners

LP/

Tallgrass

Energy

Finance

Corporation

154,000

5.500%, 

1/15/2028

a

148,376

Talos

Production,

Inc.

24,000

9.000%, 

2/1/2029

a

25,487

Targa

Resources

Partners,

LP

115,000

4.875%, 

2/1/2031

110,088

Teine

Energy,

Ltd.

95,000

6.875%, 

4/15/2029

a

92,387

TransCanada

Trust

90,000

5.875%, 

8/15/2076

c

87,447

Transocean,

Inc.

97,000

11.500%, 

1/30/2027

a,g

101,095

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

322

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Energy

(5.0%)

-

continued

USA

Compression

Partners,

LP/

USA

Compression

Finance

Corporation

$

139,000

6.875%, 

4/1/2026

$

138,840

30,000

7.125%, 

3/15/2029

a

30,374

Valaris,

Ltd.

89,000

8.375%, 

4/30/2030

a

91,806

Venture

Global

Calcasieu

Pass,

LLC

184,000

3.875%, 

8/15/2029

a

165,627

62,000

6.250%, 

1/15/2030

a

62,376

70,000

4.125%, 

8/15/2031

a

62,244

Venture

Global

LNG,

Inc.

220,000

9.875%, 

2/1/2032

a

237,104

Weatherford

International,

Ltd.

73,000

8.625%, 

4/30/2030

a

76,210

Williams

Companies,

Inc.

65,000

4.900%, 

3/15/2029

64,570

42,000

2.600%, 

3/15/2031

35,785

Total

8,178,494

Financials

(14.0%)

Acrisure,

LLC/Acrisure

Finance,

Inc.

61,000

6.000%, 

8/1/2029

a

55,942

AerCap

Holdings

NV

50,000

5.875%, 

10/10/2079

c

49,642

AerCap

Ireland

Capital

DAC/

AerCap

Global

Aviation

Trust

63,000

6.500%, 

7/15/2025

63,607

108,000

3.000%, 

10/29/2028

97,721

Air

Lease

Corporation

40,000

2.300%, 

2/1/2025

38,845

11,000

3.375%, 

7/1/2025

10,720

53,000

4.650%, 

6/15/2026

c,j

50,042

52,000

3.125%, 

12/1/2030

45,642

Aircastle,

Ltd.

61,000

5.250%, 

6/15/2026

a,c,j

58,104

51,000

2.850%, 

1/26/2028

a

45,780

Alliant

Holdings

Intermediate,

LLC/

Alliant

Holdings

Co-Issuer,

Inc.

70,000

6.750%, 

10/15/2027

a

68,966

57,000

6.750%, 

4/15/2028

a

57,402

29,000

5.875%, 

11/1/2029

a

26,941

39,000

7.000%, 

1/15/2031

a

39,391

Ally

Financial,

Inc.

62,000

5.750%, 

11/20/2025

g

61,553

84,000

4.700%, 

5/15/2026

c,j

72,016

42,000

8.000%, 

11/1/2031

46,783

25,000

6.700%, 

2/14/2033

25,257

American

Express

Company

50,000

3.550%, 

9/15/2026

c,j

46,280

65,000

6.338%, 

10/30/2026

c

65,858

89,000

2.550%, 

3/4/2027

83,123

American

Homes

4

Rent,

LP

50,000

2.375%, 

7/15/2031

40,611

American

International

Group,

Inc.

76,000

5.125%, 

3/27/2033

75,577

AmWINS

Group,

Inc.

31,000

6.375%, 

2/15/2029

a

31,167

97,000

4.875%, 

6/30/2029

a

90,538

Aon

North

America,

Inc.

66,000

5.750%, 

3/1/2054

67,663

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Financials

(14.0%)

-

continued

Arbor

Realty

Trust,

Inc.,

Convertible

$

4,000

7.500%, 

8/1/2025

$

3,919

Ares

Capital

Corporation

21,000

4.250%, 

3/1/2025

20,656

90,000

2.150%, 

7/15/2026

82,875

35,000

5.875%, 

3/1/2029

34,895

Arthur

J.

Gallagher

&

Company

49,000

5.750%, 

7/15/2054

49,067

Assurant,

Inc.

67,000

6.100%, 

2/27/2026

67,224

Australia

&

New

Zealand

Banking

Group,

Ltd.

96,000

2.950%, 

7/22/2030

a,c

92,245

Aviation

Capital

Group,

LLC

41,000

4.875%, 

10/1/2025

a

40,241

Avolon

Holdings

Funding,

Ltd.

96,000

4.250%, 

4/15/2026

a

92,652

62,000

5.750%, 

3/1/2029

a

61,700

BAC

Capital

Trust

XIV

42,000

5.991%, 

(TSFR3M

+

0.662%),

4/17/2024

c,j

34,250

Banco

Santander

Mexico

SA

26,000

5.375%, 

4/17/2025

a

25,900

Banco

Santander

SA

29,000

4.750%, 

11/12/2026

c,j

25,221

Bank

of

America

Corporation

213,000

6.250%, 

9/5/2024

c,j

213,242

44,000

6.100%, 

3/17/2025

c,j

44,122

102,000

1.319%, 

6/19/2026

c

96,957

163,000

1.197%, 

10/24/2026

c

152,562

65,000

6.125%, 

4/27/2027

c,j

65,178

61,000

1.734%, 

7/22/2027

c

56,239

89,000

4.376%, 

4/27/2028

c

86,881

126,000

3.593%, 

7/21/2028

c

119,760

59,000

4.948%, 

7/22/2028

c

58,550

60,000

5.819%, 

9/15/2029

c

61,520

202,000

3.974%, 

2/7/2030

c

191,424

149,000

2.687%, 

4/22/2032

c

126,121

62,000

2.572%, 

10/20/2032

c

51,437

92,000

2.972%, 

2/4/2033

c

78,241

49,000

5.468%, 

1/23/2035

c

49,319

45,000

3.846%, 

3/8/2037

c

39,783

Bank

of

Montreal

69,000

5.266%, 

12/11/2026

69,305

68,000

5.203%, 

2/1/2028

68,504

46,000

3.088%, 

1/10/2037

c

37,581

Bank

of

New

York

Mellon

Corporation

29,000

6.317%, 

10/25/2029

c

30,602

59,000

4.596%, 

7/26/2030

c

57,913

30,000

6.474%, 

10/25/2034

c

32,669

Bank

of

Nova

Scotia

86,000

4.900%, 

6/4/2025

c,j

84,626

41,000

1.050%, 

3/2/2026

37,917

Barclays

plc

49,000

2.852%, 

5/7/2026

c

47,496

50,000

5.501%, 

8/9/2028

c

49,856

64,000

4.972%, 

5/16/2029

c

62,721

54,000

6.224%, 

5/9/2034

c

55,695

35,000

7.119%, 

6/27/2034

c

37,301

Berkshire

Hathaway

Finance

Corporation

124,000

2.875%, 

3/15/2032

109,619

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

323

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Financials

(14.0%)

-

continued

BlackRock

Funding,

Inc.

$

35,000

5.250%, 

3/14/2054

$

35,173

Blackstone

Mortgage

Trust,

Inc.,

Convertible

19,000

5.500%, 

3/15/2027

17,052

Blue

Owl

Capital

Corporation

II

37,000

8.450%, 

11/15/2026

a

38,109

Blue

Owl

Credit

Income

Corporation

68,000

4.700%, 

2/8/2027

64,509

Blue

Owl

Technology

Finance

Corporation

20,000

4.750%, 

12/15/2025

a

19,231

63,000

3.750%, 

6/17/2026

a

58,339

Blue

Owl

Technology

Finance

Corporation

II

18,000

6.750%, 

4/4/2029

a,f

17,777

BNP

Paribas

SA

58,000

2.819%, 

11/19/2025

a,c

56,881

66,000

3.132%, 

1/20/2033

a,c

56,168

BPCE

SA

40,000

2.375%, 

1/14/2025

a

38,944

Bread

Financial

Holdings,

Inc.

49,000

9.750%, 

3/15/2029

a

50,993

Bread

Financial

Holdings,

Inc.,

Convertible

26,000

4.250%, 

6/15/2028

a,g

30,176

Brixmor

Operating

Partnership,

LP

83,000

2.250%, 

4/1/2028

73,702

Brookfield

Property

REIT,

Inc./BPR

Cumulus,

LLC/BPR

Nimbus,

LLC/GGSI

Sellco,

LLC

28,000

4.500%, 

4/1/2027

a

25,557

Burford

Capital

Global

Finance,

LLC

93,000

9.250%, 

7/1/2031

a

98,430

Camden

Property

Trust

28,000

4.900%, 

1/15/2034

27,247

Canadian

Imperial

Bank

of

Commerce

59,000

3.945%, 

8/4/2025

57,944

30,000

5.926%, 

10/2/2026

30,575

Capital

One

Financial

Corporation

24,000

3.950%, 

9/1/2026

c,j

21,319

69,000

3.273%, 

3/1/2030

c

62,159

Capital

One

NA

60,000

2.280%, 

1/28/2026

c

58,102

Castlelake

Aviation

Finance

DAC

64,000

5.000%, 

4/15/2027

a

61,642

Centene

Corporation

178,000

3.000%, 

10/15/2030

152,617

Charles

Schwab

Corporation

96,000

5.375%, 

6/1/2025

c,j

95,336

90,000

0.900%, 

3/11/2026

82,939

46,000

4.000%, 

6/1/2026

c,j

43,036

30,000

5.875%, 

8/24/2026

30,500

25,000

5.000%, 

6/1/2027

c,j

23,901

63,000

2.000%, 

3/20/2028

56,459

45,000

4.000%, 

12/1/2030

c,j

37,969

41,000

6.136%, 

8/24/2034

c

42,771

Citigroup,

Inc.

34,000

5.000%, 

9/12/2024

c,j

33,790

105,000

3.352%, 

4/24/2025

c

104,826

100,000

5.500%, 

9/13/2025

99,954

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Financials

(14.0%)

-

continued

$

33,000

4.000%, 

12/10/2025

c,j

$

31,639

90,000

3.875%, 

2/18/2026

c,j

84,940

45,000

4.150%, 

11/15/2026

c,j

41,451

148,000

1.122%, 

1/28/2027

c

136,880

83,000

1.462%, 

6/9/2027

c

76,238

98,000

3.070%, 

2/24/2028

c

92,181

26,000

7.375%, 

5/15/2028

c,g,j

27,034

52,000

7.625%, 

11/15/2028

c,j

54,593

168,000

4.075%, 

4/23/2029

c

160,841

41,000

6.174%, 

5/25/2034

c

41,635

Citizens

Financial

Group,

Inc.

48,000

4.000%, 

10/6/2026

c,j

41,323

CNA

Financial

Corporation

36,000

3.950%, 

5/15/2024

35,923

53,000

5.125%, 

2/15/2034

51,566

Coinbase

Global,

Inc.,

Convertible

101,000

0.500%, 

6/1/2026

g

110,523

Comerica,

Inc.

22,000

5.625%, 

7/1/2025

c,j

21,150

15,000

5.982%, 

1/30/2030

c

14,820

Commonwealth

Bank

of

Australia

51,000

2.688%, 

3/11/2031

a

42,418

Cooperatieve

Rabobank

UA

41,000

1.339%, 

6/24/2026

a,c

38,940

COPT

Defense

Properties,

LP

82,000

2.250%, 

3/15/2026

77,100

COPT

Defense

Properties,

LP,

Convertible

17,000

5.250%, 

9/15/2028

a

17,646

Corebridge

Financial,

Inc.

38,000

6.875%, 

12/15/2052

c

38,046

35,000

6.050%, 

9/15/2033

a

36,054

35,000

5.750%, 

1/15/2034

35,707

Credit

Acceptance

Corporation

115,000

9.250%, 

12/15/2028

a

123,692

Credit

Agricole

SA

44,000

8.125%, 

12/23/2025

a,c,j

44,880

42,000

3.250%, 

1/14/2030

a

37,280

Credit

Suisse

Group

AG

24,000

7.250%, 

9/12/2025

a,c,j,k

2,640

54,000

7.500%, 

12/11/2028

*,c,j,k

5,940

Dai-ichi

Life

Insurance

Company,

Ltd.

75,000

5.100%, 

10/28/2024

a,c,j

74,319

Deutsche

Bank

AG/New

York,

NY

143,000

2.129%, 

11/24/2026

c

134,851

90,000

2.311%, 

11/16/2027

c

82,284

51,000

6.819%, 

11/20/2029

c

53,316

68,000

3.742%, 

1/7/2033

c

56,168

Discover

Bank

84,000

5.974%, 

(USISOA05

+

1.730%),

8/9/2028

c

83,561

Discover

Financial

Services

22,000

6.700%, 

11/29/2032

23,255

Diversified

Healthcare

Trust

45,000

Zero

Coupon, 

1/15/2026

a

38,202

Drawbridge

Special

Opportunities

Fund,

LP

170,000

3.875%, 

2/15/2026

a

158,936

Elevance

Health,

Inc.

62,000

5.350%, 

10/15/2025

62,033

133,000

2.550%, 

3/15/2031

113,627

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

324

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Financials

(14.0%)

-

continued

Enact

Holdings,

Inc.

$

78,000

6.500%, 

8/15/2025

a

$

77,984

Encore

Capital

Group,

Inc.,

Convertible

32,000

4.000%, 

3/15/2029

29,920

Extra

Space

Storage,

LP

38,000

5.900%, 

1/15/2031

39,315

41,000

2.400%, 

10/15/2031

33,732

Fairfax

Financial

Holdings,

Ltd.

50,000

6.350%, 

3/22/2054

a

51,005

Federal

Realty

OP,

LP,

Convertible

41,000

3.250%, 

1/15/2029

a

39,790

Fifth

Third

Bancorp

40,000

4.500%, 

9/30/2025

c,j

38,527

40,000

4.772%, 

7/28/2030

c

38,507

Fifth

Third

Bank

NA

111,000

3.850%, 

3/15/2026

106,896

First

Horizon

Bank

62,000

5.750%, 

5/1/2030

g

58,665

FirstCash,

Inc.

76,000

5.625%, 

1/1/2030

a

72,220

Fortress

Transportation

and

Infrastructure

Investors,

LLC

57,000

6.500%, 

10/1/2025

a

56,915

51,000

9.750%, 

8/1/2027

a

52,807

7,000

5.500%, 

5/1/2028

a

6,782

Freedom

Mortgage

Corporation

40,000

7.625%, 

5/1/2026

a

39,938

33,000

12.000%, 

10/1/2028

a

35,970

Freedom

Mortgage

Holdings,

LLC

32,000

9.250%, 

2/1/2029

a

32,750

FS

KKR

Capital

Corporation

41,000

3.400%, 

1/15/2026

38,908

42,000

2.625%, 

1/15/2027

g

38,100

GGAM

Finance,

Ltd.

39,000

8.000%, 

6/15/2028

a

40,729

31,000

6.875%, 

4/15/2029

a

31,116

Global

Net

Lease,

Inc./Global

Net

Lease

Operating

Partnership,

LP

115,000

3.750%, 

12/15/2027

a

98,404

goeasy,

Ltd.

65,000

9.250%, 

12/1/2028

a

69,303

Goldman

Sachs

BDC,

Inc.

26,000

6.375%, 

3/11/2027

26,194

Goldman

Sachs

Group,

Inc.

36,000

5.500%, 

8/10/2024

c,j

35,692

62,000

0.855%, 

2/12/2026

c

59,388

75,000

3.650%, 

8/10/2026

c,j

68,502

45,000

4.125%, 

11/10/2026

c,j

41,768

135,000

1.948%, 

10/21/2027

c

124,095

45,000

2.640%, 

2/24/2028

c

41,912

132,000

3.615%, 

3/15/2028

c

126,263

86,000

4.482%, 

8/23/2028

c

84,077

84,000

3.814%, 

4/23/2029

c

79,630

42,000

3.800%, 

3/15/2030

39,333

42,000

2.615%, 

4/22/2032

c

35,249

42,000

2.383%, 

7/21/2032

c

34,455

Hartford

Financial

Services

Group,

Inc.

42,000

2.800%, 

8/19/2029

37,686

64,000

7.694%, 

(TSFR3M

+

2.387%),

2/12/2047

a,c

56,934

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Financials

(14.0%)

-

continued

HAT

Holdings

I,

LLC/HAT

Holdings

II,

LLC,

Convertible

$

3,000

Zero

Coupon, 

5/1/2025

a

$

3,064

45,000

3.750%, 

8/15/2028

a

53,046

HSBC

Holdings

plc

24,000

6.375%, 

3/30/2025

c,j

23,830

49,000

2.633%, 

11/7/2025

c

48,038

37,000

1.645%, 

4/18/2026

c

35,439

49,000

1.589%, 

5/24/2027

c

45,088

106,000

2.251%, 

11/22/2027

c

97,693

118,000

4.583%, 

6/19/2029

c

114,509

81,000

4.600%, 

12/17/2030

c,j

68,524

50,000

2.804%, 

5/24/2032

c

41,945

HUB

International,

Ltd.

146,000

5.625%, 

12/1/2029

a

136,893

35,000

7.375%, 

1/31/2032

a

35,236

Huntington

Bancshares,

Inc./OH

66,000

4.450%, 

10/15/2027

c,j

59,809

77,000

5.709%, 

2/2/2035

c

76,778

Icahn

Enterprises,

LP/Icahn

Enterprises

Finance

Corporation

54,000

6.375%, 

12/15/2025

53,563

55,000

6.250%, 

5/15/2026

53,093

92,000

5.250%, 

5/15/2027

83,144

ING

Groep

NV

84,000

1.726%, 

4/1/2027

c

77,966

Intercontinental

Exchange,

Inc.

67,000

4.350%, 

6/15/2029

65,225

Intesa

Sanpaolo

SPA

47,000

4.198%, 

6/1/2032

a,c

39,294

Invitation

Homes

Operating

Partnership,

LP

72,000

2.000%, 

8/15/2031

57,210

J.P.

Morgan

Chase

&

Company

44,000

8.868%, 

(TSFR3M

+

3.562%),

5/1/2024

c,j

43,924

109,000

5.000%, 

8/1/2024

c,j

108,644

66,000

4.600%, 

2/1/2025

c,j

64,885

117,000

1.561%, 

12/10/2025

c

113,751

44,000

2.083%, 

4/22/2026

c

42,397

50,000

3.650%, 

6/1/2026

c,j

47,487

129,000

1.045%, 

11/19/2026

c

120,279

84,000

1.578%, 

4/22/2027

c

77,878

105,000

2.947%, 

2/24/2028

c

98,657

126,000

4.005%, 

4/23/2029

c

120,774

41,000

2.069%, 

6/1/2029

c

36,369

168,000

4.493%, 

3/24/2031

c

162,423

45,000

2.963%, 

1/25/2033

c

38,422

39,000

4.912%, 

7/25/2033

c

38,187

42,000

5.717%, 

9/14/2033

c

42,838

30,000

5.350%, 

6/1/2034

c

30,116

25,000

6.254%, 

10/23/2034

c

26,710

16,000

5.336%, 

1/23/2035

c

16,063

J.P.

Morgan

Chase

Bank

NA

77,000

5.110%, 

12/8/2026

77,221

Jefferies

Finance,

LLC/JFIN

Co-

Issuer

Corporation

39,000

5.000%, 

8/15/2028

a

35,864

Jefferson

Capital

Holdings,

LLC

33,000

6.000%, 

8/15/2026

a

32,380

80,000

9.500%, 

2/15/2029

a

81,891

KeyBank

NA/Cleveland,

OH

63,000

3.900%, 

4/13/2029

56,568

82,000

5.000%, 

1/26/2033

76,009

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

325

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Financials

(14.0%)

-

continued

Kilroy

Realty,

LP

$

55,000

4.250%, 

8/15/2029

$

50,477

20,000

6.250%, 

1/15/2036

19,536

Kite

Realty

Group,

LP

16,000

5.500%, 

3/1/2034

15,899

Ladder

Capital

Finance

Holdings,

LLLP/Ladder

Capital

Finance

Corporation

39,000

4.250%, 

2/1/2027

a

36,488

68,000

4.750%, 

6/15/2029

a

61,814

LD

Holdings

Group,

LLC

28,000

6.125%, 

4/1/2028

a,g

23,204

Lincoln

National

Corporation

40,000

7.938%, 

(TSFR3M

+

2.619%),

5/17/2024

c

32,008

Lloyds

Banking

Group

plc

124,000

1.627%, 

5/11/2027

c

114,164

M&T

Bank

Corporation

86,000

3.500%, 

9/1/2026

c,j

65,963

Macquarie

Airfinance

Holdings,

Ltd.

82,000

6.400%, 

3/26/2029

a

83,297

Macquarie

Group,

Ltd.

83,000

1.629%, 

9/23/2027

a,c

75,309

Manufacturers

&

Traders

Trust

Company

87,000

4.700%, 

1/27/2028

83,825

Marsh

&

McLennan

Companies,

Inc.

45,000

2.375%, 

12/15/2031

37,527

MetLife,

Inc.

54,000

3.850%, 

9/15/2025

c,j

51,905

39,000

5.875%, 

3/15/2028

c,j

38,882

50,000

6.400%, 

12/15/2036

51,198

Metropolitan

Life

Global

Funding

I

68,000

2.950%, 

4/9/2030

a

60,323

Mid-America

Apartments,

LP

84,000

4.200%, 

6/15/2028

81,840

Mitsubishi

UFJ

Financial

Group,

Inc.

49,000

1.412%, 

7/17/2025

46,599

81,000

1.538%, 

7/20/2027

c

74,603

Mizuho

Financial

Group,

Inc.

111,000

1.554%, 

7/9/2027

c

102,052

84,000

2.564%, 

9/13/2031

68,763

39,000

5.748%, 

7/6/2034

c

40,274

Molina

Healthcare,

Inc.

100,000

4.375%, 

6/15/2028

a

94,003

Morgan

Stanley

36,000

2.720%, 

7/22/2025

c

35,636

82,000

1.164%, 

10/21/2025

c

79,843

29,000

5.000%, 

11/24/2025

28,821

115,000

2.630%, 

2/18/2026

c

111,930

61,000

0.985%, 

12/10/2026

c

56,514

84,000

1.593%, 

5/4/2027

c

77,699

82,000

1.512%, 

7/20/2027

c

75,260

30,000

5.123%, 

2/1/2029

c

29,927

201,000

3.622%, 

4/1/2031

c

184,342

45,000

2.943%, 

1/21/2033

c

38,247

40,000

4.889%, 

7/20/2033

c

38,795

43,000

5.250%, 

4/21/2034

c

42,664

85,000

2.484%, 

9/16/2036

c

67,225

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Financials

(14.0%)

-

continued

MPT

Operating

Partnership,

LP/

MPT

Finance

Corporation

$

52,000

5.250%, 

8/1/2026

g

$

47,602

75,000

4.625%, 

8/1/2029

g

57,560

Nasdaq,

Inc.

31,000

5.350%, 

6/28/2028

31,400

Nationstar

Mortgage

Holdings,

Inc.

104,000

6.000%, 

1/15/2027

a

102,525

NatWest

Group

plc

42,000

4.892%, 

5/18/2029

c

41,109

63,000

3.754%, 

11/1/2029

c

61,930

83,000

6.475%, 

6/1/2034

c

84,368

Necessity

Retail

REIT,

Inc./

American

Finance

Operating

Partner,

LP

45,000

4.500%, 

9/30/2028

a

38,514

New

York

Life

Global

Funding

44,000

4.550%, 

1/28/2033

a

42,446

27,000

5.000%, 

1/9/2034

a

26,712

Nippon

Life

Insurance

Company

123,000

5.100%, 

10/16/2044

a,c

122,171

NNN

REIT,

Inc.

42,000

2.500%, 

4/15/2030

35,941

Nomura

Holdings,

Inc.

62,000

2.172%, 

7/14/2028

54,556

Northern

Trust

Corporation

63,000

4.000%, 

5/10/2027

61,377

Office

Properties

Income

Trust

41,000

2.650%, 

6/15/2026

23,688

Omega

Healthcare

Investors,

Inc.

43,000

4.750%, 

1/15/2028

41,514

42,000

3.375%, 

2/1/2031

35,850

OneMain

Finance

Corporation

127,000

3.500%, 

1/15/2027

117,894

134,000

3.875%, 

9/15/2028

119,538

Osaic

Holdings,

Inc.

23,000

10.750%, 

8/1/2027

a

23,780

Panther

Escrow

Issuer,

LLC

109,000

7.125%, 

6/1/2031

a,f

110,821

Park

Intermediate

Holdings,

LLC

153,000

4.875%, 

5/15/2029

a

142,278

Pebblebrook

Hotel

Trust,

Convertible

93,000

1.750%, 

12/15/2026

83,412

Pine

Street

Trust

I

42,000

4.572%, 

2/15/2029

a

39,918

PNC

Bank

NA

42,000

2.700%, 

10/22/2029

36,466

PNC

Financial

Services

Group,

Inc.

82,000

5.671%, 

10/28/2025

c

81,985

50,000

3.400%, 

9/15/2026

c,j

43,702

40,000

6.200%, 

9/15/2027

c,j

39,896

31,000

5.582%, 

6/12/2029

c

31,378

51,000

6.250%, 

3/15/2030

c,j

49,428

30,000

6.875%, 

10/20/2034

c

32,851

PRA

Group,

Inc.

19,000

7.375%, 

9/1/2025

a

18,966

117,000

8.375%, 

2/1/2028

a

116,439

Principal

Life

Global

Funding

II

62,000

1.250%, 

8/16/2026

a

56,322

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

326

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Financials

(14.0%)

-

continued

Prologis

Targeted

US

Logistics

Fund,

LP

$

46,000

5.250%, 

4/1/2029

a

$

45,868

Prologis,

LP

41,000

5.250%, 

3/15/2054

40,266

27,000

3.375%, 

12/15/2027

25,623

Provident

Financing

Trust

I

22,000

7.405%, 

3/15/2038

24,171

Prudential

Financial,

Inc.

45,000

5.125%, 

3/1/2052

c

42,180

38,000

6.750%, 

3/1/2053

c

39,527

116,000

6.500%, 

3/15/2054

c

117,604

22,000

3.700%, 

10/1/2050

c

19,230

Public

Storage

Operating

Company

31,000

5.100%, 

8/1/2033

31,135

QBE

Insurance

Group,

Ltd.

19,000

5.875%, 

5/12/2025

a,c,g,j

18,808

Quicken

Loans,

LLC

88,000

3.875%, 

3/1/2031

a

76,666

Realty

Income

Corporation

41,000

4.875%, 

6/1/2026

40,750

68,000

3.200%, 

1/15/2027

64,290

63,000

3.950%, 

8/15/2027

61,056

Redwood

Trust,

Inc.,

Convertible

5,000

7.750%, 

6/15/2027

4,787

Regency

Centers,

LP

45,000

5.250%, 

1/15/2034

44,829

Regions

Financial

Corporation

45,000

2.250%, 

5/18/2025

43,266

44,000

5.750%, 

6/15/2025

c,j

43,345

Reinsurance

Group

of

America,

Inc.

35,000

6.000%, 

9/15/2033

36,295

RGA

Global

Funding

26,000

5.500%, 

1/11/2031

a

26,071

RHP

Hotel

Properties,

LP/RHP

Finance

Corporation

79,000

7.250%, 

7/15/2028

a

81,355

RLJ

Lodging

Trust,

LP

49,000

3.750%, 

7/1/2026

a

46,663

102,000

4.000%, 

9/15/2029

a

89,915

Rocket

Mortgage,

LLC/Rocket

Mortgage

Co-Issuer,

Inc.

95,000

3.625%, 

3/1/2029

a

85,457

Santander

Holdings

USA,

Inc.

84,000

3.450%, 

6/2/2025

81,653

47,000

2.490%, 

1/6/2028

c

42,714

Santander

UK

Group

Holdings

plc

81,000

1.673%, 

6/14/2027

c

74,097

Service

Properties

Trust

36,000

7.500%, 

9/15/2025

36,485

19,000

5.250%, 

2/15/2026

18,380

45,000

8.625%, 

11/15/2031

a

47,990

Simon

Property

Group,

LP

82,000

2.650%, 

7/15/2030

71,612

35,000

6.250%, 

1/15/2034

37,427

SLM

Corporation

50,000

4.200%, 

10/29/2025

48,792

Societe

Generale

SA

48,000

2.625%, 

10/16/2024

a

47,175

49,000

1.488%, 

12/14/2026

a,c

45,520

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Financials

(14.0%)

-

continued

Standard

Chartered

plc

$

25,000

6.000%, 

7/26/2025

a,c,g,j

$

24,654

66,000

2.608%, 

1/12/2028

a,c

60,828

Starwood

Property

Trust,

Inc.,

Convertible

38,000

6.750%, 

7/15/2027

g

40,280

State

Street

Corporation

31,000

5.272%, 

8/3/2026

31,167

26,000

6.700%, 

3/15/2029

c,j

26,383

42,000

4.421%, 

5/13/2033

c

40,105

Sumitomo

Life

Insurance

Company

85,000

3.375%, 

4/15/2081

a,c

73,551

Sumitomo

Mitsui

Financial

Group,

Inc.

66,000

2.174%, 

1/14/2027

61,122

63,000

2.142%, 

9/23/2030

52,182

59,000

5.766%, 

1/13/2033

61,476

Sumitomo

Mitsui

Trust

Bank,

Ltd.

41,000

1.050%, 

9/12/2025

a

38,562

Summit

Hotel

Properties,

Inc.,

Convertible

38,000

1.500%, 

2/15/2026

33,839

Synchrony

Financial

42,000

4.250%, 

8/15/2024

41,729

40,000

7.250%, 

2/2/2033

39,712

Synovus

Bank

43,000

5.625%, 

2/15/2028

41,757

Toronto-Dominion

Bank

35,000

8.125%, 

10/31/2082

c

36,710

46,000

5.156%, 

1/10/2028

46,295

53,000

5.523%, 

7/17/2028

54,128

42,000

4.456%, 

6/8/2032

g

40,223

Truist

Bank

42,000

2.250%, 

3/11/2030

34,954

Truist

Financial

Corporation

74,000

6.047%, 

6/8/2027

c

74,999

42,000

1.887%, 

6/7/2029

c

36,457

90,000

5.100%, 

3/1/2030

c,j

83,722

25,000

5.711%, 

1/24/2035

c

25,108

U.S.

Bancorp

62,000

5.727%, 

10/21/2026

c

62,335

59,000

4.548%, 

7/22/2028

c

57,825

15,000

5.836%, 

6/12/2034

c

15,289

46,000

5.678%, 

1/23/2035

c

46,448

UBS

Group

AG

39,000

2.593%, 

9/11/2025

a,c

38,446

75,000

2.193%, 

6/5/2026

a,c

71,905

55,000

4.875%, 

2/12/2027

a,c,j

50,502

83,000

3.869%, 

1/12/2029

a,c

78,488

UDR,

Inc.

94,000

3.000%, 

8/15/2031

81,594

United

Wholesale

Mortgage,

LLC

31,000

5.500%, 

11/15/2025

a

30,721

78,000

5.500%, 

4/15/2029

a

73,772

UnitedHealth

Group,

Inc.

106,000

5.375%, 

4/15/2054

107,808

85,000

4.200%, 

5/15/2032

80,780

USB

Realty

Corporation

44,000

6.723%, 

(TSFR3M

+

1.409%),

1/15/2027

a,c,j

33,864

Ventas

Realty,

LP

34,000

3.750%, 

5/1/2024

33,942

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

327

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Financials

(14.0%)

-

continued

Ventas

Realty,

LP,

Convertible

$

48,000

3.750%, 

6/1/2026

a

$

47,904

Vornado

Realty,

LP

28,000

3.400%, 

6/1/2031

22,160

Wells

Fargo

&

Company

80,000

2.406%, 

10/30/2025

c

78,476

65,000

3.900%, 

3/15/2026

c,j

61,843

6,000

2.188%, 

4/30/2026

c

5,778

50,000

6.076%, 

(TSFR3M

+

0.762%),

1/15/2027

c

48,712

46,000

3.526%, 

3/24/2028

c

43,782

99,000

3.584%, 

5/22/2028

c

94,121

59,000

4.808%, 

7/25/2028

c

58,134

49,000

7.625%, 

9/15/2028

c,g,j

52,367

230,000

4.478%, 

4/4/2031

c

220,229

30,000

5.389%, 

4/24/2034

c

29,813

28,000

6.491%, 

10/23/2034

c

30,032

136,000

5.499%, 

1/23/2035

c

136,320

Wells

Fargo

Bank

NA

54,000

4.811%, 

1/15/2026

53,722

Welltower

OP,

LLC,

Convertible

74,000

2.750%, 

5/15/2028

a

82,369

Westpac

Banking

Corporation

63,000

4.110%, 

7/24/2034

c

58,191

Willis

North

America,

Inc.

33,000

5.900%, 

3/5/2054

33,407

84,000

4.500%, 

9/15/2028

81,842

XHR,

LP

49,000

6.375%, 

8/15/2025

a

49,062

56,000

4.875%, 

6/1/2029

a

51,849

Total

22,741,471

Foreign

Government

(<0.1%)

NBN

Company,

Ltd.

74,000

2.625%, 

5/5/2031

a

62,946

Total

62,946

Mortgage-Backed

Securities

(12.8%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

884,724

2.500%, 

5/1/2051

738,935

648,677

3.500%, 

5/1/2052

580,850

400,614

4.000%, 

5/1/2052

374,021

964,631

3.500%, 

6/1/2052

864,376

288,717

5.000%, 

7/1/2053

283,541

72,084

5.000%, 

8/1/2053

71,017

243,142

5.500%, 

9/1/2053

244,198

Federal

Home

Loan

Mortgage

Corporation

Gold

15-Yr.

Pass

Through

421,225

2.500%, 

7/1/2030

395,955

Federal

National

Mortgage

Association

Conventional

15-Yr.

Pass

Through

1,000,000

4.500%, 

4/1/2039

f

984,487

Federal

National

Mortgage

Association

Conventional

20-Yr.

Pass

Through

261,099

3.500%, 

5/1/2040

244,344

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

1,182,992

3.000%, 

1/1/2052

1,026,090

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Mortgage-Backed

Securities

(12.8%)

-

continued

$

83,671

2.000%, 

2/1/2051

$

67,053

117,046

2.000%, 

2/1/2051

93,799

489,348

2.500%, 

2/1/2051

404,790

1,026,317

2.000%, 

3/1/2051

815,295

1,222,376

4.000%, 

3/1/2051

1,153,277

1,171,661

3.000%, 

3/1/2052

1,011,181

748,437

2.000%, 

4/1/2051

595,731

723,133

3.000%, 

4/1/2051

625,599

758,088

3.000%, 

5/1/2050

659,671

125,339

2.000%, 

5/1/2051

99,961

384,278

3.000%, 

5/1/2051

337,398

362,506

4.000%, 

6/1/2052

336,224

697,779

2.500%, 

7/1/2051

584,816

1,004,555

4.000%, 

7/1/2052

931,779

207,029

3.500%, 

8/1/2050

188,585

135,671

4.500%, 

8/1/2052

129,712

96,641

5.000%, 

8/1/2053

95,115

216,214

3.500%, 

9/1/2052

f

194,612

478,980

3.500%, 

9/1/2052

431,125

67,950

5.000%, 

9/1/2052

66,461

418,430

4.500%, 

9/1/2053

399,077

357,253

4.000%, 

10/1/2052

332,075

123,641

2.000%, 

11/1/2051

98,737

571,094

2.000%, 

12/1/2050

456,966

1,213,583

4.500%, 

12/1/2052

1,164,194

2,350,000

5.500%, 

4/1/2042

f

2,338,335

150,000

4.500%, 

4/1/2049

f

142,833

400,000

5.000%, 

4/1/2049

f

390,265

Federal

National

Mortgage

Association

Conventional

40-Yr.

Pass

Through

418,575

2.500%, 

3/1/2062

335,011

351,951

3.500%, 

7/1/2061

308,879

170,036

4.000%, 

12/1/2061

155,555

Total

20,751,925

Technology

(3.5%)

Advanced

Micro

Devices,

Inc.

42,000

3.924%, 

6/1/2032

39,500

Akamai

Technologies,

Inc.,

Convertible

36,000

0.125%, 

5/1/2025

42,462

39,000

0.375%, 

9/1/2027

41,047

26,000

1.125%, 

2/15/2029

a

26,663

Analog

Devices,

Inc.

20,000

2.100%, 

10/1/2031

16,586

Apple,

Inc.

90,000

1.650%, 

2/8/2031

74,740

173,000

3.750%, 

9/12/2047

142,628

AthenaHealth

Group,

Inc.

145,000

6.500%, 

2/15/2030

a,g

132,620

Block,

Inc.,

Convertible

16,000

0.125%, 

3/1/2025

g

16,360

91,000

0.250%, 

11/1/2027

75,849

Broadcom

Corporation/Broadcom

Cayman

Finance,

Ltd.

63,000

3.875%, 

1/15/2027

61,074

Broadcom,

Inc.

46,000

4.000%, 

4/15/2029

a

43,819

Cisco

Systems,

Inc.

69,000

5.350%, 

2/26/2064

70,715

Cloud

Software

Group,

Inc.

208,000

6.500%, 

3/31/2029

a

197,384

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

328

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Technology

(3.5%)

-

continued

$

75,000

9.000%, 

9/30/2029

a

$

71,934

CommScope,

Inc.

65,000

7.125%, 

7/1/2028

a

25,712

Consensus

Cloud

Solutions,

Inc.

19,000

6.000%, 

10/15/2026

a

18,059

CoreLogic,

Inc.

23,000

4.500%, 

5/1/2028

a

20,623

CSG

Systems

International,

Inc.,

Convertible

46,000

3.875%, 

9/15/2028

a

45,268

Dayforce,

Inc.,

Convertible

24,000

0.250%, 

3/15/2026

21,960

Dell

International,

LLC/EMC

Corporation

32,000

5.300%, 

10/1/2029

32,393

Dell,

Inc.

45,000

6.500%, 

4/15/2038

48,209

Euronet

Worldwide,

Inc.,

Convertible

38,000

0.750%, 

3/15/2049

g

36,841

Fiserv,

Inc.

68,000

2.750%, 

7/1/2024

67,493

67,000

5.350%, 

3/15/2031

67,781

22,000

5.600%, 

3/2/2033

22,429

67,000

5.450%, 

3/15/2034

67,859

Gen

Digital,

Inc.

3,000

6.750%, 

9/30/2027

a

3,043

47,000

7.125%, 

9/30/2030

a

48,290

Global

Payments,

Inc.

42,000

5.950%, 

8/15/2052

41,900

17,000

2.650%, 

2/15/2025

16,562

65,000

4.950%, 

8/15/2027

64,480

42,000

3.200%, 

8/15/2029

37,734

Global

Payments,

Inc.,

Convertible

88,000

1.500%, 

3/1/2031

a

93,016

IBM

International

Capital

Private,

Ltd.

33,000

5.300%, 

2/5/2054

32,224

II-VI,

Inc.

43,000

5.000%, 

12/15/2029

a

40,499

Intel

Corporation

64,000

5.600%, 

2/21/2054

65,209

88,000

5.125%, 

2/10/2030

89,338

InterDigital,

Inc.,

Convertible

73,000

3.500%, 

6/1/2027

104,656

Iron

Mountain,

Inc.

38,000

4.875%, 

9/15/2027

a

36,740

120,000

5.000%, 

7/15/2028

a

114,802

119,000

4.875%, 

9/15/2029

a

111,645

170,000

4.500%, 

2/15/2031

a

153,380

Jabil,

Inc.

43,000

5.450%, 

2/1/2029

43,216

Lumentum

Holdings,

Inc.,

Convertible

118,000

0.500%, 

6/15/2028

g

91,068

19,000

1.500%, 

12/15/2029

a

17,851

Marvell

Technology,

Inc.

42,000

2.950%, 

4/15/2031

36,285

Mastercard,

Inc.

46,000

2.000%, 

11/18/2031

38,019

McAfee

Corporation

39,000

7.375%, 

2/15/2030

a

35,765

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Technology

(3.5%)

-

continued

Microchip

Technology,

Inc.

$

20,000

5.050%, 

3/15/2029

$

20,003

Microchip

Technology,

Inc.,

Convertible

86,000

0.125%, 

11/15/2024

g

91,246

Micron

Technology,

Inc.

27,000

5.300%, 

1/15/2031

27,156

Moody's

Corporation

43,000

4.250%, 

8/8/2032

40,910

NCR

Atleos

Corporation

31,000

9.500%, 

4/1/2029

a

33,158

NCR

Voyix

Corporation

145,000

5.125%, 

4/15/2029

a

134,481

Neptune

Bidco

US,

Inc.

79,000

9.290%, 

4/15/2029

a

74,700

Newfold

Digital

Holdings

Group,

Inc.

23,000

11.750%, 

10/15/2028

a

24,896

NXP

BV/NXP

Funding,

LLC/NXP

USA,

Inc.

21,000

2.700%, 

5/1/2025

20,378

42,000

4.300%, 

6/18/2029

40,471

ON

Semiconductor

Corporation,

Convertible

61,000

Zero

Coupon, 

5/1/2027

89,579

4,000

0.500%, 

3/1/2029

3,936

Open

Text

Corporation

81,000

3.875%, 

12/1/2029

a

72,171

115,000

4.125%, 

2/15/2030

a

103,026

Oracle

Corporation

121,000

6.900%, 

11/9/2052

139,229

142,000

2.950%, 

4/1/2030

126,358

63,000

6.250%, 

11/9/2032

67,406

PayPal

Holdings,

Inc.

42,000

2.850%, 

10/1/2029

37,981

59,000

2.300%, 

6/1/2030

50,889

Pitney

Bowes,

Inc.

19,000

6.875%, 

3/15/2027

a

17,349

Progress

Software

Corporation,

Convertible

22,000

1.000%, 

4/15/2026

22,770

PTC,

Inc.

65,000

3.625%, 

2/15/2025

a

63,643

85,000

4.000%, 

2/15/2028

a

79,438

RingCentral,

Inc.

86,000

8.500%, 

8/15/2030

a

89,417

S&P

Global,

Inc.

46,000

2.900%, 

3/1/2032

40,088

Salesforce.com,

Inc.

116,000

1.950%, 

7/15/2031

96,293

Seagate

HDD

Cayman

54,000

8.500%, 

7/15/2031

a

58,356

93,155

9.625%, 

12/1/2032

106,131

Semtech

Corporation,

Convertible

34,000

1.625%, 

11/1/2027

g

33,425

9,000

4.000%, 

11/1/2028

a

13,700

Sensata

Technologies,

Inc.

113,000

3.750%, 

2/15/2031

a

97,745

Shift4

Payments,

LLC/Shift4

Payments

Finance

Sub,

Inc.

40,000

4.625%, 

11/1/2026

a

38,674

SS&C

Technologies,

Inc.

111,000

5.500%, 

9/30/2027

a

108,531

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

329

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Technology

(3.5%)

-

continued

Texas

Instruments,

Inc.

$

30,000

5.150%, 

2/8/2054

$

30,115

UKG,

Inc.

80,000

6.875%, 

2/1/2031

a

81,498

Verint

Systems,

Inc.,

Convertible

55,000

0.250%, 

4/15/2026

g

51,563

Viavi

Solutions,

Inc.

106,000

3.750%, 

10/1/2029

a

90,947

Viavi

Solutions,

Inc.,

Convertible

30,000

1.625%, 

3/15/2026

29,100

Vishay

Intertechnology,

Inc.,

Convertible

84,000

2.250%, 

9/15/2030

a

80,220

VMware,

LLC

82,000

1.400%, 

8/15/2026

74,887

61,000

2.200%, 

8/15/2031

49,641

Western

Digital

Corporation,

Convertible

93,000

3.000%, 

11/15/2028

a

136,292

Xerox

Holdings

Corporation

10,000

5.000%, 

8/15/2025

a

9,867

57,000

5.500%, 

8/15/2028

a

51,897

Xilinx,

Inc.

24,000

2.375%, 

6/1/2030

20,824

Ziff

Davis,

Inc.,

Convertible

65,000

1.750%, 

11/1/2026

61,503

Total

5,675,618

Transportation

(1.1%)

Air

Transport

Services

Group,

Inc.,

Convertible

42,000

3.875%, 

8/15/2029

a,g

34,746

American

Airlines

Group,

Inc.

33,000

3.750%, 

3/1/2025

a

32,084

American

Airlines,

Inc.

56,000

8.500%, 

5/15/2029

a

59,162

American

Airlines,

Inc./

AAdvantage

Loyalty

IP,

Ltd.

242,250

5.500%, 

4/20/2026

a

240,600

Avis

Budget

Car

Rental,

LLC/Avis

Budget

Finance,

Inc.

52,000

5.375%, 

3/1/2029

a

48,464

Canadian

Pacific

Railway

Company

89,000

1.750%, 

12/2/2026

81,747

Delta

Air

Lines,

Inc.

91,000

4.375%, 

4/19/2028

88,294

Delta

Air

Lines,

Inc./SkyMiles

IP,

Ltd.

55,458

4.500%, 

10/20/2025

a

54,894

ERAC

USA

Finance,

LLC

59,000

3.850%, 

11/15/2024

a

58,349

51,000

5.200%, 

10/30/2034

a

50,849

Hawaiian

Brand

Intellectual

Property,

Ltd.

62,000

5.750%, 

1/20/2026

a

58,184

Hertz

Corporation

45,000

4.625%, 

12/1/2026

a

40,839

50,000

5.000%, 

12/1/2029

a,g

38,638

Mileage

Plus

Holdings,

LLC

81,900

6.500%, 

6/20/2027

a

82,352

Norfolk

Southern

Corporation

65,000

4.450%, 

3/1/2033

62,357

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Transportation

(1.1%)

-

continued

Penske

Truck

Leasing

Company,

LP/PTL

Finance

Corporation

$

41,000

1.200%, 

11/15/2025

a

$

38,248

31,000

5.750%, 

5/24/2026

a

31,224

42,000

1.700%, 

6/15/2026

a

38,736

Rand

Parent,

LLC

100,000

8.500%, 

2/15/2030

a,g

99,026

RXO,

Inc.

118,000

7.500%, 

11/15/2027

a

121,098

Ryder

System,

Inc.

51,000

2.850%, 

3/1/2027

47,807

Southwest

Airlines

Company

42,000

5.125%, 

6/15/2027

41,917

Southwest

Airlines

Company,

Convertible

84,000

1.250%, 

5/1/2025

85,008

Spirit

Loyalty

Cayman,

Ltd.

27,000

8.000%, 

9/20/2025

a

20,496

Stena

International

SA

65,000

7.250%, 

1/15/2031

a

64,834

United

Airlines,

Inc.

112,000

4.375%, 

4/15/2026

a

108,275

VistaJet

Malta

Finance

plc/Vista

Management

Holding,

Inc.

27,000

7.875%, 

5/1/2027

a

22,826

127,000

6.375%, 

2/1/2030

a,g

93,615

Total

1,844,669

U.S.

Government

&

Agencies

(4.5%)

U.S.

Treasury

Bonds

900,000

4.750%, 

11/15/2053

960,750

2,025,000

3.375%, 

8/15/2042

1,749,094

U.S.

Treasury

Notes

1,000,000

4.250%, 

12/31/2025

991,758

300,000

4.125%, 

7/31/2028

298,125

500,000

4.125%, 

11/15/2032

496,582

2,532,000

3.375%, 

5/15/2033

2,371,969

400,000

4.500%, 

11/15/2033

408,875

Total

7,277,153

Utilities

(3.2%)

AEP

Texas,

Inc.

43,000

4.700%, 

5/15/2032

41,040

AES

Corporation

81,000

3.950%, 

7/15/2030

a

73,669

Algonquin

Power

&

Utilities

Corporation

30,000

4.750%, 

1/18/2082

c

26,447

Alliant

Energy

Corporation,

Convertible

33,000

3.875%, 

3/15/2026

32,455

Ameren

Corporation

52,000

1.750%, 

3/15/2028

45,910

American

Electric

Power

Company,

Inc.

37,000

5.200%, 

1/15/2029

37,087

42,000

2.300%, 

3/1/2030

35,732

22,000

5.625%, 

3/1/2033

22,336

American

Water

Capital

Corporation

49,000

5.450%, 

3/1/2054

49,418

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

330

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Utilities

(3.2%)

-

continued

American

Water

Capital

Corporation,

Convertible

$

39,000

3.625%, 

6/15/2026

a

$

38,083

Arizona

Public

Service

Company

37,000

5.550%, 

8/1/2033

37,416

Atmos

Energy

Corporation

30,000

5.900%, 

11/15/2033

31,824

Calpine

Corporation

101,000

4.500%, 

2/15/2028

a

95,796

CenterPoint

Energy,

Inc.

34,000

2.500%, 

9/1/2024

33,560

62,000

1.450%, 

6/1/2026

57,257

63,000

2.650%, 

6/1/2031

53,360

CenterPoint

Energy,

Inc.,

Convertible

60,000

4.250%, 

8/15/2026

a

59,430

CMS

Energy

Corporation,

Convertible

43,000

3.375%, 

5/1/2028

a

42,290

Constellation

Energy

Generation,

LLC

51,000

5.750%, 

3/15/2054

51,086

43,000

5.800%, 

3/1/2033

44,323

Dominion

Energy,

Inc.

34,000

3.071%, 

8/15/2024

33,633

45,000

4.350%, 

1/15/2027

c,j

42,127

52,000

3.375%, 

4/1/2030

47,257

DTE

Energy

Company

64,000

4.220%, 

11/1/2024

63,409

39,000

4.875%, 

6/1/2028

38,559

Duke

Energy

Carolinas,

LLC

88,000

5.400%, 

1/15/2054

87,576

Duke

Energy

Corporation

50,000

3.250%, 

1/15/2082

c

44,432

24,000

4.875%, 

9/16/2024

c,j

23,791

107,000

2.450%, 

6/1/2030

92,151

43,000

4.500%, 

8/15/2032

40,762

35,000

5.750%, 

9/15/2033

35,954

Duke

Energy

Corporation,

Convertible

102,000

4.125%, 

4/15/2026

a

100,776

Duke

Energy

Ohio,

Inc.

33,000

5.550%, 

3/15/2054

32,914

Edison

International

26,000

7.875%, 

6/15/2054

c

26,710

58,000

4.950%, 

4/15/2025

57,533

145,000

5.000%, 

12/15/2026

c,j

137,373

Enel

Finance

International

NV

81,000

1.375%, 

7/12/2026

a

74,096

Entergy

Corporation

41,000

0.900%, 

9/15/2025

38,431

42,000

1.900%, 

6/15/2028

37,064

Evergy,

Inc.

35,000

2.450%, 

9/15/2024

34,455

Evergy,

Inc.,

Convertible

65,000

4.500%, 

12/15/2027

a

66,072

Eversource

Energy

73,000

4.600%, 

7/1/2027

71,749

Exelon

Corporation

137,000

5.600%, 

3/15/2053

136,745

42,000

4.050%, 

4/15/2030

39,609

Fells

Point

Funding

Trust

100,000

3.046%, 

1/31/2027

a

93,822

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Utilities

(3.2%)

-

continued

FirstEnergy

Corporation,

Convertible

$

108,000

4.000%, 

5/1/2026

a

$

107,352

Georgia

Power

Company

27,000

4.950%, 

5/17/2033

26,621

ITC

Holdings

Corporation

42,000

4.950%, 

9/22/2027

a

41,699

Jersey

Central

Power

&

Light

Company

86,000

2.750%, 

3/1/2032

a

71,458

MidAmerican

Energy

Company

133,000

5.300%, 

2/1/2055

131,564

National

Rural

Utilities

Cooperative

Finance

Corporation

22,000

4.850%, 

2/7/2029

21,981

NextEra

Energy

Capital

Holdings,

Inc.

65,000

3.800%, 

3/15/2082

c

58,970

42,000

6.051%, 

3/1/2025

42,160

55,000

5.749%, 

9/1/2025

55,236

42,000

2.250%, 

6/1/2030

35,762

NextEra

Energy

Operating

Partners,

LP

147,000

3.875%, 

10/15/2026

a

137,094

NextEra

Energy

Partners,

LP,

Convertible

88,000

Zero

Coupon, 

11/15/2025

a,g

78,100

NiSource,

Inc.

42,000

2.950%, 

9/1/2029

37,931

Northern

States

Power

Company/

MN

31,000

5.400%, 

3/15/2054

31,218

NRG

Energy,

Inc.

53,000

2.000%, 

12/2/2025

a

49,742

39,000

10.250%, 

3/15/2028

a,c,j

41,836

38,000

3.375%, 

2/15/2029

a

33,760

60,000

5.250%, 

6/15/2029

a

57,361

NRG

Energy,

Inc.,

Convertible

75,000

2.750%, 

6/1/2048

124,087

Pacific

Gas

and

Electric

Company

33,000

6.750%, 

1/15/2053

35,946

67,000

5.550%, 

5/15/2029

67,585

69,000

6.950%, 

3/15/2034

75,539

PG&E

Corporation

130,000

5.000%, 

7/1/2028

125,198

PG&E

Corporation,

Convertible

89,000

4.250%, 

12/1/2027

a

89,400

PPL

Capital

Funding,

Inc.,

Convertible

63,000

2.875%, 

3/15/2028

60,291

Public

Service

Enterprise

Group,

Inc.

30,000

5.875%, 

10/15/2028

30,889

42,000

1.600%, 

8/15/2030

33,907

San

Diego

Gas

&

Electric

Company

33,000

5.550%, 

4/15/2054

33,474

Sempra

65,000

4.125%, 

4/1/2052

c

59,966

44,000

4.875%, 

10/15/2025

c,j

43,052

Southern

California

Edison

Company

21,000

5.950%, 

11/1/2032

22,022

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

331

Principal

Amount

Long-Term

Fixed

Income

(85.1%)

Value

Utilities

(3.2%)

-

continued

Southern

Company

$

42,000

4.475%, 

8/1/2024

$

41,791

40,000

5.700%, 

10/15/2032

41,234

41,000

4.000%, 

1/15/2051

c

39,416

92,000

3.750%, 

9/15/2051

c

86,002

Southern

Company,

Convertible

99,000

3.875%, 

12/15/2025

98,505

TerraForm

Power

Operating,

LLC

146,000

5.000%, 

1/31/2028

a

139,052

Virginia

Electric

and

Power

Company

52,000

5.350%, 

1/15/2054

50,971

Vistra

Operations

Company,

LLC

86,000

5.125%, 

5/13/2025

a

85,239

248,000

5.000%, 

7/31/2027

a

240,145

Xcel

Energy,

Inc.

51,000

4.000%, 

6/15/2028

48,610

65,000

4.600%, 

6/1/2032

61,123

Total

5,198,808

Total

Long-Term

Fixed

Income

(cost

$143,987,841)

138,371,976

Shares

Registered

Investment

Companies

(

10

.0

%

)

Value

U.S.

Affiliated  (8.8%)

1,781,318

Thrivent

Core

Emerging

Markets

Debt

Fund

14,357,427

Total

14,357,427

U.S.

Unaffiliated  (1.2%)

24,084

Aberdeen

Asia-Pacific

Income

Fund,

Inc.

67,435

7,475

AllianceBernstein

Global

High

Income

Fund,

Inc.

79,384

11,364

Allspring

Income

Opportunities

Fund

75,457

2,221

BlackRock

Core

Bond

Trust

23,987

7,534

BlackRock

Corporate

High

Yield

Fund,

Inc.

73,758

8,215

BlackRock

Credit

Allocation

Income

Trust

87,818

1,056

BlackRock

Debt

Strategies

Fund,

Inc.

11,679

950

BlackRock

Enhanced

Equity

Dividend

Trust

7,837

8,259

BlackRock

Enhanced

Global

Dividend

Trust

86,389

3,250

BlackRock

Enhanced

International

Dividend

Trust

17,973

300

BlackRock

Floating

Rate

Income

Strategies

Fund,

Inc.

3,876

1,599

BlackRock

Income

Trust,

Inc.

19,028

2,729

BlackRock

Multi-Sector

Income

Trust

43,337

6,567

Blackstone

Strategic

Credit

2027

Term

Fund

78,147

8,014

Eaton

Vance

Limited

Duration

Income

Fund

78,137

1,402

Eaton

Vance

Tax-Managed

Global

Diversified

Equity

Income

Fund

11,440

5,787

First

Trust

High

Income

Long/Short

Fund

69,039

Shares

Registered

Investment

Companies

(10.0%)

Value

U.S.

Unaffiliated  (1.2%)-

continued

1,597

Invesco

Dynamic

Credit

Opportunities

Fund

e

$

16,824

3,100

iShares

Preferred

and

Income

Securities

ETF

99,913

15,525

Nuveen

Credit

Strategies

Income

Fund

86,474

4,125

Nuveen

Preferred

Income

Opportunities

Fund

29,659

7,350

PGIM

Global

High

Yield

Fund,

Inc.

87,906

7,821

PGIM

High

Yield

Bond

Fund,

Inc.

101,595

1,852

Pimco

Dynamic

Income

Fund

g

35,725

487

Tri-Continental

Corporation

15,000

3,900

Vanguard

Short-Term

Corporate

Bond

ETF

301,509

2,350

Virtus

Convertible

&

Income

Fund

7,849

4,605

Virtus

Dividend,

Interest

&

Premium

Strategy

Fund

58,852

520

Virtus

Equity

&

Convertible

Income

Fund

11,643

11,614

Voya

Global

Equity

Dividend

&

Premium

Opportunity

Fund

61,554

18,103

Western

Asset

High

Income

Opportunity

Fund,

Inc.

70,602

Total

1,819,826

Total

Registered

Investment

Companies

(cost

$18,359,893)

16,177,253

Shares

Collateral

Held

for

Securities

Loaned

(

2

.7

%

)

Value

4,371,653

Thrivent

Cash

Management

Trust

4,371,653

Total

Collateral

Held

for

Securities

Loaned

(cost

$4,371,653)

4,371,653

Shares

Preferred

Stock

(

1

.1

%

)

Value

Communications

Services

(0.1%)

6,050

AT&T,

Inc.,

4.750%

j

121,665

3,500

Telephone

and

Data

Systems,

Inc.,

6.000%

j

55,965

Total

177,630

Energy

(<0.1%)

825

Energy

Transfer,

LP,

7.600%

c,j

20,873

1,736

Nustar

Logistics,

LP,

12.310%

c

43,608

131

UGI

Corporation,

Convertible,

7.250%

g

7,616

Total

72,097

Financials

(0.8%)

1,750

Aegon

Funding

Corporation

II,

5.100%

37,922

3,700

Allstate

Corporation,

5.100%

j

83,028

1,765

Apollo

Global

Management,

Inc.,

Convertible,

6.750%

112,519

4,550

Bank

of

America

Corporation,

4.250%

j

90,090

98

Bank

of

America

Corporation,

Convertible,

7.250%

j

116,987

3,050

Capital

One

Financial

Corporation,

5.000%

j

62,403

1,275

Equitable

Holdings,

Inc.,

5.250%

j

29,108

3,700

J.P.

Morgan

Chase

&

Company,

4.200%

j

74,592

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

332

Shares

Preferred

Stock

(1.1%)

Value

Financials

(0.8%)

-

continued

3,250

J.P.

Morgan

Chase

&

Company,

4.750%

j

$

72,995

3,050

KeyCorp,

6.200%

c,g,j

69,875

2,450

Morgan

Stanley,

4.250%

j

49,343

1,580

Morgan

Stanley,

5.850%

c,j

39,484

2,200

Morgan

Stanley,

7.125%

c,j

55,550

2,000

Public

Storage,

3.950%

j

36,240

3,200

Public

Storage,

4.125%

j

62,048

668

Public

Storage,

4.625%

j

14,289

175

Public

Storage,

4.700%

j

3,761

650

Regions

Financial

Corporation,

5.700%

c,j

15,340

425

Synovus

Financial

Corporation,

5.875%

c,j

10,472

2,400

U.S.

Bancorp,

4.000%

j

45,240

3,500

Wells

Fargo

&

Company,

4.250%

j

68,215

2,250

Wells

Fargo

&

Company,

4.750%

j

48,825

129

Wells

Fargo

&

Company,

Convertible,

7.500%

j

157,296

Total

1,355,622

Utilities

(0.2%)

4,025

CMS

Energy

Corporation,

4.200%

j

81,869

2,039

NextEra

Energy,

Inc.,

Convertible,

6.926%

g

79,378

3,525

Southern

Company,

4.950%

81,040

Total

242,287

Total

Preferred

Stock

(cost

$2,061,549)

1,847,636

Shares

Common

Stock

(

0

.1

%

)

Value

Communications

Services

(<0.1%)

445

Tripadvisor,

Inc.

l

12,367

306

Windstream

Services,

LLC

l

2,907

Total

15,274

Consumer

Discretionary

(0.1%)

1,047

Bloomin'

Brands,

Inc.

30,028

12

Booking

Holdings,

Inc.

43,534

239

Ford

Motor

Company

3,174

Total

76,736

Energy

(<0.1%)

325

Permian

Resources

Corporation

5,739

Total

5,739

Financials

(<0.1%)

34

Block,

Inc.

l

2,876

Total

2,876

Health

Care

(<0.1%)

222

Varex

Imaging

Corporation

l

4,018

Total

4,018

Information

Technology

(<0.1%)

101

RingCentral,

Inc.

l

3,509

Total

3,509

Materials

(<0.1%)

69

Allegheny

Technologies,

Inc.

l

3,531

Total

3,531

Shares

Common

Stock

(0.1%)

Value

Real

Estate

(<0.1%)

202

Kite

Realty

Group

Trust

$

4,379

Total

4,379

Total

Common

Stock

(cost

$89,357)

116,062

Shares

or

Principal

Amount

Short-Term

Investments

(

5

.3

%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

100,000

5.214%,

4/17/2024

m,n

99,712

Thrivent

Core

Short-Term

Reserve

Fund

851,338

5.590%

8,513,375

U.S.

Treasury

Bills

100,000

5.232%,

5/16/2024

m,o

99,347

Total

Short-Term

Investments

(cost

$8,710,678)

8,712,434

Total

Investments

(cost

$177,580,971)

104.3%

$

169,597,014

Other

Assets

and

Liabilities,

Net

(4.3%)

(

7,005,223

)

Total

Net

Assets

100.0%

$

162,591,791

a

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

March

28,

2024,

the

value

of

these

investments

was

$64,730,403

or

39.8%

of

total

net

assets.

b

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

March

28,

2024.

c

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

March

28,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

d

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

e

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

f

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

g

All

or

a

portion

of

the

security

is

on

loan.

h

Denotes

interest

only

security.  Interest

only

securities

represent

the

right

to

receive

monthly

interest

payments

on

an

underlying

pool

of

mortgages

or

assets.  The

principal

shown

is

the

outstanding

par

amount

of

the

pool

as

of

the

end

of

the

period.

The

actual

effective

yield

of

the

security

is

different

than

the

stated

coupon

rate.

i

Denotes

payment-in-kind

security.  The

security

may

pay

an

interest

or

dividend

payment

with

additional

fixed

income

or

equity

securities

in

lieu

of,

or

in

addition

to

a

cash

payment.  The

cash

rate

and/or

payment-in-kind

rate

shown

are

as

of

March

28,

2024.

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

333

j

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

k

Defaulted

security.  Interest

is

not

being

accrued.

l

Non-income

producing

security.

m

The

interest

rate

shown

reflects

the

yield.

n

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

o

All

or

a

portion

of

the

security

is

pledged

as

collateral

under

the

agreement

between

the

counterparty,

the

custodian

and

the

fund

for

open

swap

contracts.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Opportunity

Income

Plus

Portfolio

as

of

March

28,

2024

was

$5,940

or

0.00%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

March

28,

2024.

Security

Acquisition

Date

Cost

Credit

Suisse

Group

AG,

12/29/2049

8/24/2015

$

58,420

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Opportunity

Income

Plus

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

4,070,367

Common

Stock

144,648

Total

lending

$4,215,015

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$4,371,653

Net

amounts

due

to

counterparty

$156,638

Definitions:

CLO

-

Collateralized

Loan

Obligation

ETF

-

Exchange

Traded

Fund

PIK

-

Payment-In-Kind

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

Reference

Rate

Index:

CMT

1Y

-

Constant

Maturity

Treasury

Yield

1

Year

SOFR30A

-

Secured

Overnight

Financing

Rate

30

Year

Average

TSFR1M

-

CME

Term

SOFR

1

Month

TSFR3M

-

CME

Term

SOFR

3

Month

USISOA05

-

USD

SOFR

Spread-Adjusted

ICE

Swap

Rate

5

Year

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

334

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Opportunity

Income

Plus

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Asset-Backed

Securities

15,738,536

–

15,438,536

300,000

Basic

Materials

3,160,534

–

3,160,534

–

Capital

Goods

6,198,059

–

6,198,059

–

Collateralized

Mortgage

Obligations

14,300,938

–

14,300,938

–

Commercial

Mortgage-Backed

Securities

727,906

–

727,906

–

Communications

Services

7,922,345

–

7,922,345

–

Consumer

Cyclical

9,970,899

–

9,970,899

–

Consumer

Non-Cyclical

8,621,675

–

8,621,675

–

Energy

8,178,494

–

8,178,494

–

Financials

22,741,471

–

22,741,471

–

Foreign

Government

62,946

–

62,946

–

Mortgage-Backed

Securities

20,751,925

–

20,751,925

–

Technology

5,675,618

–

5,675,618

–

Transportation

1,844,669

–

1,844,669

–

U.S.

Government

&

Agencies

7,277,153

–

7,277,153

–

Utilities

5,198,808

–

5,198,808

–

Preferred

Stock

Communications

Services

177,630

–

177,630

–

Energy

72,097

64,481

7,616

–

Financials

1,355,622

806,513

549,109

–

Utilities

242,287

242,287

–

–

Registered

Investment

Companies

U.S.

Unaffiliated

1,819,826

1,803,002

–

16,824

Common

Stock

Communications

Services

15,274

12,367

2,907

–

Consumer

Discretionary

76,736

76,736

–

–

Energy

5,739

5,739

–

–

Financials

2,876

2,876

–

–

Health

Care

4,018

4,018

–

–

Information

Technology

3,509

3,509

–

–

Materials

3,531

3,531

–

–

Real

Estate

4,379

4,379

–

–

Short-Term

Investments

199,059

–

199,059

–

Subtotal

Investments

in

Securities

$

142,354,559

$

3,029,438

$

139,008,297

$

316,824

Other

Investments  *

Total

U.S.

Affiliated

Registered

Investment

Cos.

14,357,427

Affiliated

Short-Term

Investments

8,513,375

Collateral

Held

for

Securities

Loaned

4,371,653

Subtotal

Other

Investments

$

27,242,455

Total

Investments

at

Value

$

169,597,014

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Opportunity

Income

Plus

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Liability

Derivatives

Futures

Contracts

8,568

8,568

–

–

Credit

Default

Swaps

3,479

–

3,479

–

Total

Liability

Derivatives

$

12,047

$

8,568

$

3,479

$

–

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

335

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

The

following

table

presents

Opportunity

Income

Plus

Portfolio's

futures

contracts

held

as

of

March

28,

2024.

Investments

and/or

cash

totaling

$99,712

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CBOT

2-Yr.

U.S.

Treasury

Note

35

June

2024

$

7,165,521

(

$

8,568

)

Total

Futures

Long

Contracts

$

7,165,521

(

$

8,568

)

Total

Futures

Contracts

$

7,165,521

(

$

8,568

)

The

following

table

presents

Opportunity

Income

Plus

Portfolio's

swaps

contracts

held

as

of

March

28,

2024.

Investments

totaling

$99,347

were

pledged

as

collateral

under

the

agreement

between

the

counterparty,

the

custodian

and

the

fund

for

open

swap

contracts.

Credit

Default

Swaps

Buy/Sell

Protection

1

Termination

Date

Notional

Principal

Amount

2

Upfront

Payments/

(Receipts)

Value

3

Unrealized

Gain/(Loss)

CDX

HY

42,

5

Year,

at

5.00%,

Quarterly

Buy

6/20/2029

$

1,265,000

$

–

(

$

3,479

)

(

$

3,479

)

Total

Credit

Default

Swaps

$

–

(

$

3,479

)

(

$

3,479

)

1

As

the

buyer

of

protection,

Opportunity

Income

Plus

Portfolio

pays

periodic

fees

in

return

for

payment

by

the

seller

which

is

contingent

upon

an

adverse

credit

event

occurring

in

the

underlying

issuer

or

reference

entity.

As

the

seller

of

protection,

Opportunity

Income

Plus

Portfolio

collects

periodic

fees

from

the

buyer

and

profits

if

the

credit

of

the

underlying

issuer

or

reference

entity

remains

stable

or

improves

while

the

swap

is

outstanding,

but

the

seller

in

a

credit

default

swap

contract

would

be

required

to

pay

the

amount

of

credit

loss,

determined

as

specified

in

the

agreement,

to

the

buyer

in

the

event

of

an

adverse

credit

event

in

the

reference

entity.

2

The

maximum

potential

amount

of

future

payments

Opportunity

Income

Plus

Portfolio

could

be

required

to

make

as

the

seller

or

receive

as

the

buyer

of

protection.

3

The

values

for

credit

indexes

(CDX

or

LCDX)

serve

as

an

indicator

of

the

current

status

of

the

payment/performance

risk

and

represent

the

liability

or

profit

for

the

credit

default

swap

contract

had

the

contract

been

closed

as

of

the

reporting

date.

When

protection

has

been

sold,

the

value

of

the

swap

will

increase

when

the

swap

spread

declines

representing

an

improvement

in

the

reference

entity's

credit

worthiness.

The

value

of

the

swap

will

decrease

when

the

swap

spread

increases

representing

a

deterioration

in

the

reference

entity's

credit

worthiness.

When

protection

has

been

purchased,

the

value

of

the

swap

will

increase

when

the

swap

spread

increases

representing

a

deterioration

in

the

reference

entity's

credit

worthiness.

The

value

of

the

swap

will

decrease

when

the

swap

spread

declines

representing

an

improvement

in

the

reference

entity's

credit

worthiness.

Opportunity

Income

Plus

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

336

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Opportunity

Income

Plus

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$

16,046

$

221

$

2,025

$

14,357

1,781

8.8%

Total

U.S.

Affiliated

Registered

Investment

Companies

16,046

14,357

8.8

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

7,293

22,317

21,097

8,513

851

5.2

Total

Affiliated

Short-Term

Investments

7,293

8,513

5.2

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

4,208

11,730

11,566

4,372

4,372

2.7

Total

Collateral

Held

for

Securities

Loaned

4,208

4,372

2.7

Total

Value

$

27,547

$

27,242

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

($413)

$528

$

–

$

221

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

–

–

–

114

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$

335

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

9

Total

Affiliated

Income

from

Securities

Loaned,

Net

$

9

Total

Value

($413)

$528

$

–

Real

Estate

Securities

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

337

Shares

Common

Stock

(

98.6%

)

Value

Data

Center

REITs

(9.0%)

27,454

Digital

Realty

Trust,

Inc.

$

3,954,474

11,740

Equinix,

Inc.

9,689,374

Total

13,643,848

Diversified

REITs

(2.0%)

14,762

American

Assets

Trust,

Inc.

323,435

18,459

Broadstone

Net

Lease,

Inc.

289,253

45,025

Empire

State

Realty

Trust,

Inc.

456,103

68,613

Essential

Properties

Realty

Trust,

Inc.

1,829,223

3,421

WP

Carey,

Inc.

193,081

Total

3,091,095

Health

Care

REITs

(8.6%)

40,870

CareTrust

REIT,

Inc.

996,002

103,967

Global

Medical

REIT,

Inc.

909,711

32,244

Healthpeak

Properties,

Inc.

604,575

66,000

Medical

Properties

Trust,

Inc.

310,200

69,499

Ventas,

Inc.

3,025,987

76,578

Welltower,

Inc.

7,155,448

Total

13,001,923

Hotel

&

Resort

REITs

(3.2%)

39,440

Host

Hotels

&

Resorts,

Inc.

815,619

75,772

Park

Hotels

&

Resorts,

Inc.

1,325,252

110,076

RLJ

Lodging

Trust

1,301,099

12,434

Ryman

Hospitality

Properties

1,437,495

Total

4,879,465

Industrial

REITs

(15.4%)

12,746

EastGroup

Properties,

Inc.

2,291,348

13,733

First

Industrial

Realty

Trust,

Inc.

721,532

152,704

Industrial

Logistics

Properties

Trust

655,100

44,091

LXP

Industrial

Trust

397,701

33,017

Plymouth

Industrial

REIT,

Inc.

742,883

103,137

Prologis,

Inc.

13,430,500

16,791

Rexford

Industrial

Realty,

Inc.

844,587

54,622

STAG

Industrial,

Inc.

2,099,670

33,263

Terreno

Realty

Corporation

2,208,663

Total

23,391,984

Multi-Family

Residential

REITs

(8.6%)

23,507

AvalonBay

Communities,

Inc.

4,361,959

1,085

Camden

Property

Trust

106,764

28,231

Equity

Residential

1,781,659

10,363

Essex

Property

Trust,

Inc.

2,536,966

47,047

Independence

Realty

Trust,

Inc.

758,868

5,276

Mid-America

Apartment

Communities,

Inc.

694,216

67,158

UDR,

Inc.

2,512,381

14,321

Veris

Residential,

Inc.

217,822

Total

12,970,635

Office

REITs

(3.1%)

28,457

Alexandria

Real

Estate

Equities,

Inc.

3,668,392

4,268

Boston

Properties,

Inc.

278,743

12,043

Cousins

Properties,

Inc.

289,514

18,067

Vornado

Realty

Trust

519,787

Total

4,756,436

Other

Specialized

REITs

(6.8%)

32,424

EPR

Properties

1,376,399

Shares

Common

Stock

(98.6%)

Value

Other

Specialized

REITs

(6.8%)

-

continued

2,462

Gaming

and

Leisure

Properties,

Inc.

$

113,424

47,988

Iron

Mountain,

Inc.

3,849,118

654

Lamar

Advertising

Company

78,094

17,607

Safehold,

Inc.

362,704

148,811

VICI

Properties,

Inc.

4,433,080

Total

10,212,819

Retail

REITs

(15.9%)

25,940

Agree

Realty

Corporation

1,481,693

77,748

Brixmor

Property

Group,

Inc.

1,823,191

54,952

Getty

Realty

Corporation

1,502,937

125,502

Kimco

Realty

Corporation

2,461,094

49,244

NNN

REIT,

Inc.

2,104,689

52,746

Phillips

Edison

and

Company,

Inc.

1,891,999

75,864

Realty

Income

Corporation

4,104,242

12,973

Regency

Centers

Corporation

785,645

90,925

Retail

Opportunity

Investments

Corporation

1,165,658

31,817

Simon

Property

Group,

Inc.

4,979,042

58,579

Tanger,

Inc.

1,729,838

Total

24,030,028

Self-Storage

REITs

(6.2%)

10,172

CubeSmart

459,978

31,697

Extra

Space

Storage,

Inc.

4,659,459

14,470

Public

Storage

4,197,168

Total

9,316,605

Single-Family

Residential

REITs

(5.1%)

61,197

American

Homes

4

Rent

2,250,826

21,605

Equity

Lifestyle

Properties,

Inc.

1,391,362

80,215

Invitation

Homes,

Inc.

2,856,456

9,693

Sun

Communities,

Inc.

1,246,326

Total

7,744,970

Telecom

Tower

REITs

(13.4%)

61,026

American

Tower

Corporation

12,058,127

41,077

Crown

Castle,

Inc.

4,347,179

18,243

SBA

Communications

Corporation

3,953,258

Total

20,358,564

Timber

REITs

(1.3%)

54,572

Weyerhaeuser

Company

1,959,680

Total

1,959,680

Total

Common

Stock

(cost

$111,120,809)

149,358,052

Shares

or

Principal

Amount

Short-Term

Investments

(

0.9%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

100,000

5.205%,

4/12/2024

a,b

99,784

Real

Estate

Securities

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

338

Shares

or

Principal

Amount

Short-Term

Investments

(0.9%)

Value

Thrivent

Core

Short-Term

Reserve

Fund

134,989

5.590%

$

1,349,892

Total

Short-Term

Investments

(cost

$1,449,689)

1,449,676

Total

Investments

(cost

$112,570,498)

99.5%

$150,807,728

Other

Assets

and

Liabilities,

Net

0.5%

711,598

Total

Net

Assets

100.0%

$151,519,326

a

The

interest

rate

shown

reflects

the

yield.

b

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

Definitions:

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Real

Estate

Securities

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Data

Center

REITs

13,643,848

13,643,848

–

–

Diversified

REITs

3,091,095

3,091,095

–

–

Health

Care

REITs

13,001,923

13,001,923

–

–

Hotel

&

Resort

REITs

4,879,465

4,879,465

–

–

Industrial

REITs

23,391,984

23,391,984

–

–

Multi-Family

Residential

REITs

12,970,635

12,970,635

–

–

Office

REITs

4,756,436

4,756,436

–

–

Other

Specialized

REITs

10,212,819

10,212,819

–

–

Retail

REITs

24,030,028

24,030,028

–

–

Self-Storage

REITs

9,316,605

9,316,605

–

–

Single-Family

Residential

REITs

7,744,970

7,744,970

–

–

Telecom

Tower

REITs

20,358,564

20,358,564

–

–

Timber

REITs

1,959,680

1,959,680

–

–

Short-Term

Investments

99,784

–

99,784

–

Subtotal

Investments

in

Securities

$149,457,836

$

149,358,052

$99,784

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

1,349,892

Subtotal

Other

Investments

$1,349,892

Total

Investments

at

Value

$150,807,728

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Real

Estate

Securities

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

24,430

24,430

–

–

Total

Asset

Derivatives

$24,430

$24,430

$–

$–

Real

Estate

Securities

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

339

Reference

Description:

CME

-

Chicago

Mercantile

Exchange

S&P

-

Standard

&

Poor's

The

following

table

presents

Real

Estate

Securities

Portfolio's

futures

contracts

held

as

of

March

28,

2024.

Investments

and/or

cash

totaling

$99,784

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CME

Micro

E-mini

S&P

500

Index

42

June

2024

$

1,090,355

$

24,430

Total

Futures

Long

Contracts

$

1,090,355

$

24,430

Total

Futures

Contracts

$

1,090,355

$24,430

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Real

Estate

Securities

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$905

$4,586

$4,141

$1,350

135

0.9%

Total

Affiliated

Short-Term

Investments

905

1,350

0.9

Total

Value

$905

$1,350

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$–

$–

$

–

$13

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$13

Total

Value

$–

$–

$

–

Small

Cap

Growth

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

340

Shares

Common

Stock

(

97.2%

)

Value

Communications

Services

(2.5%)

81,883

Cargurus

,

Inc.

a

$

1,889,860

79,002

QuinStreet

,

Inc.

a

1,395,175

Total

3,285,035

Consumer

Discretionary

(9.9%)

21,756

Boot

Barn

Holdings,

Inc.

a

2,070,083

14,358

Columbia

Sportswear

Company

1,165,582

8,032

Grand

Canyon

Education,

Inc.

a

1,094,039

7,294

Meritage

Homes

Corporation

1,279,805

19,569

Modine

Manufacturing

Company

a

1,862,773

20,695

Skyline

Champion

Corporation

a

1,759,282

66,884

Stoneridge,

Inc.

a

1,233,341

12,812

Texas

Roadhouse,

Inc.

1,979,070

86,349

ThredUp

,

Inc.

a

172,698

1,495

Wingstop

,

Inc.

547,768

Total

13,164,441

Consumer

Staples

(6.1%)

21,046

Celsius

Holdings,

Inc.

a

1,745,134

15,461

e.l.f

.

Beauty,

Inc.

a

3,030,820

13,024

J

&

J

Snack

Foods

Corporation

1,882,750

6,686

Lancaster

Colony

Corporation

1,388,214

Total

8,046,918

Energy

(2.4%)

4,195

Gulfport

Energy

Corporation

a

671,703

17,235

Matador

Resources

Company

1,150,781

53,805

TechnipFMC

plc

1,351,044

Total

3,173,528

Financials

(9.2%)

22,041

Glacier

Bancorp,

Inc.

887,811

18,225

Hamilton

Lane,

Inc.

2,055,051

17,845

Houlihan

Lokey

,

Inc.

2,287,551

3,657

Kinsale

Capital

Group,

Inc.

1,918,974

11,325

RLI

Corporation

1,681,423

27,600

Triumph

Financial,

Inc.

a

2,189,232

17,590

Western

Alliance

Bancorp

1,129,102

Total

12,149,144

Health

Care

(15.1%)

1,590

Argenx

SE

ADR

a

626,015

5,482

Ascendis

Pharma

AS

ADR

a

828,714

31,070

Enovis

Corporation

a

1,940,322

35,167

Globus

Medical,

Inc.

a

1,886,358

17,711

Halozyme

Therapeutics,

Inc.

a

720,483

10,265

Immunocore

Holdings

plc

ADR

a

667,225

5,309

Inspire

Medical

Systems,

Inc.

a

1,140,320

14,439

Lantheus

Holdings,

Inc.

a

898,683

13,279

Natera

,

Inc.

a

1,214,497

64,625

Option

Care

Health,

Inc.

a

2,167,523

78,303

Paragon

28,

Inc.

a

967,042

36,361

Progyny

,

Inc.

a

1,387,172

1,690

QuidelOrtho

Corporation

a

81,019

8,302

Repligen

Corporation

a

1,526,904

95,963

scPharmaceuticals

,

Inc.

a

481,734

4,479

Shockwave

Medical,

Inc.

a

1,458,497

37,913

Vericel

Corporation

a

1,972,234

Total

19,964,742

Industrials

(20.8%)

17,157

ASGN,

Inc.

a

1,797,367

53,235

Badger

Infrastructure

Solutions,

Ltd.

1,972,904

Shares

Common

Stock

(97.2%)

Value

Industrials

(20.8%)

-

continued

14,858

Beacon

Roofing

Supply,

Inc.

a

$

1,456,381

17,146

Casella

Waste

Systems,

Inc.

a

1,695,225

5,826

Curtiss-Wright

Corporation

1,491,106

71,050

ExlService

Holdings,

Inc.

a

2,259,390

30,389

Flowserve

Corporation

1,388,170

27,249

Fluor

Corporation

a

1,152,088

27,729

Helios

Technologies,

Inc.

1,239,209

134,272

Janus

International

Group,

Inc.

a

2,031,535

6,711

Lincoln

Electric

Holdings,

Inc.

1,714,258

8,245

Middleby

Corporation

a

1,325,714

3,472

Saia,

Inc.

a

2,031,120

24,752

Schneider

National,

Inc.

560,385

8,912

Simpson

Manufacturing

Company,

Inc.

1,828,564

9,709

SiteOne

Landscape

Supply,

Inc.

a

1,694,706

12,164

Timken

Company

1,063,499

18,409

WillScot

Mobile

Mini

Holdings

Corporation

a

856,018

Total

27,557,639

Information

Technology

(25.5%)

15,639

Agilysys

,

Inc.

a

1,317,742

17,737

Ciena

Corporation

a

877,095

5,140

CyberArk

Software,

Ltd.

a

1,365,338

21,498

Descartes

Systems

Group,

Inc.

a

1,967,712

10,174

Fabrinet

a

1,923,090

82,567

Grid

Dynamics

Holdings,

Inc.

a

1,014,748

19,079

Guidewire

Software,

Inc.

a

2,226,710

16,545

Hackett

Group,

Inc.

402,044

37,089

JFrog

,

Ltd.

a

1,640,076

26,885

Lattice

Semiconductor

Corporation

a

2,103,214

7,522

Littelfuse

,

Inc.

1,822,957

12,396

Nova,

Ltd.

a

2,198,802

10,858

Onto

Innovation,

Inc.

a

1,966,167

45,158

PagerDuty

,

Inc.

a

1,024,183

31,382

PDF

Solutions,

Inc.

a

1,056,632

10,320

Silicon

Laboratories,

Inc.

a

1,483,190

35,255

Sprout

Social,

Inc.

a

2,105,076

9,689

SPS

Commerce,

Inc.

a

1,791,496

79,974

TTM

Technologies,

Inc.

a

1,251,593

51,759

Varonis

Systems,

Inc.

a

2,441,472

20,168

Workiva

,

Inc.

a

1,710,246

Total

33,689,583

Materials

(3.1%)

9,148

Louisiana-Pacific

Corporation

767,609

106,132

Ranpak

Holdings

Corporation

a

835,259

36,433

Summit

Materials,

Inc.

a

1,623,819

51,219

Tronox

Holdings

plc

888,649

Total

4,115,336

Real

Estate

(2.6%)

24,316

Agree

Realty

Corporation

1,388,930

7,504

FirstService

Corporation

1,244,163

22,292

National

Storage

Affiliates

Trust

872,955

Total

3,506,048

Total

Common

Stock

(cost

$95,665,881)

128,652,414

Small

Cap

Growth

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

341

Shares

Short-Term

Investments

(

2.7%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

355,003

5.590%

$

3,550,031

Total

Short-Term

Investments

(cost

$3,550,031)

3,550,031

Total

Investments

(cost

$99,215,912)

99.9%

$132,202,445

Other

Assets

and

Liabilities,

Net

0.1%

148,698

Total

Net

Assets

100.0%

$132,351,143

a

Non-income

producing

security.

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

plc

-

Public

Limited

Company

Small

Cap

Growth

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

342

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Small

Cap

Growth

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

3,285,035

3,285,035

–

–

Consumer

Discretionary

13,164,441

13,164,441

–

–

Consumer

Staples

8,046,918

8,046,918

–

–

Energy

3,173,528

3,173,528

–

–

Financials

12,149,144

12,149,144

–

–

Health

Care

19,964,742

19,964,742

–

–

Industrials

27,557,639

25,584,735

1,972,904

–

Information

Technology

33,689,583

33,689,583

–

–

Materials

4,115,336

4,115,336

–

–

Real

Estate

3,506,048

3,506,048

–

–

Subtotal

Investments

in

Securities

$128,652,414

$126,679,510

$1,972,904

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

3,550,031

Subtotal

Other

Investments

$3,550,031

Total

Investments

at

Value

$132,202,445

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Small

Cap

Growth

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$2,775

$12,207

$11,432

$3,550

355

2.7%

Total

Affiliated

Short-Term

Investments

2,775

3,550

2.7

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

708

708

–

–

–

Total

Collateral

Held

for

Securities

Loaned

–

–

–

Total

Value

$2,775

$3,550

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$–

$–

$

–

$33

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$33

Cash

Management

Trust-

Collateral

Investment

–

–

–

0

Total

Affiliated

Income

from

Securities

Loaned,

Net

$0

Total

Value

$–

$–

$

–

Small

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

343

Shares

Common

Stock

(

99.2%

)

Value

Communications

Services

(2.6%)

26,436

AMC

Networks,

Inc.

a

$

320,669

8,944

ATN

International,

Inc.

281,781

74,329

Cargurus,

Inc.

a

1,715,513

53,433

Cars.com,

Inc.

a

917,979

92,028

Cinemark

Holdings,

Inc.

a

1,653,743

36,465

Cogent

Communications

Holdings

2,382,258

64,511

Consolidated

Communications

Holdings,

Inc.

a

278,687

51,077

E.W.

Scripps

Company

a

200,733

104,497

EchoStar

Corporation

a

1,489,082

53,651

Gogo,

Inc.

a

471,056

36,591

John

Wiley

and

Sons,

Inc.

1,395,215

875,240

Lumen

Technologies,

Inc.

a

1,365,374

14,486

Madison

Square

Garden

Sports

Corporation

a

2,672,957

21,356

Marcus

Corporation

304,536

45,238

QuinStreet,

Inc.

a

798,903

22,769

Scholastic

Corporation

858,619

43,605

Shenandoah

Telecommunications

Company

757,419

20,758

Shutterstock,

Inc.

950,924

22,432

TechTarget,

Inc.

a

742,051

85,520

Telephone

and

Data

Systems,

Inc.

1,370,030

26,846

Thryv

Holdings,

Inc.

a

596,787

93,792

Tripadvisor,

Inc.

a

2,606,480

59,402

Yelp,

Inc.

a

2,340,439

Total

26,471,235

Consumer

Discretionary

(14.8%)

43,728

Abercrombie

&

Fitch

Company

a

5,480,430

64,327

Academy

Sports

and

Outdoors,

Inc.

4,344,646

33,996

Adtalem

Global

Education,

Inc.

a

1,747,394

51,277

Advance

Auto

Parts,

Inc.

4,363,160

101,553

American

Axle

&

Manufacturing

Holdings,

Inc.

a

747,430

161,086

American

Eagle

Outfitters,

Inc.

4,154,408

17,851

Asbury

Automotive

Group,

Inc.

a

4,208,909

20,159

BJ's

Restaurants,

Inc.

a

729,353

75,313

Bloomin'

Brands,

Inc.

2,159,977

26,287

Boot

Barn

Holdings,

Inc.

a

2,501,208

38,368

Brinker

International,

Inc.

a

1,906,122

25,343

Buckle,

Inc.

1,020,563

28,951

Caleres,

Inc.

1,187,860

6,734

Cavco

Industries,

Inc.

a

2,687,270

24,533

Century

Communities,

Inc.

2,367,434

40,523

Cheesecake

Factory,

Inc.

1,464,906

15,054

Chuy's

Holdings,

Inc.

a

507,771

19,246

Cracker

Barrel

Old

Country

Store,

Inc.

1,399,762

111,442

Dana,

Inc.

1,415,313

27,892

Dave

&

Buster's

Entertainment,

Inc.

a

1,746,039

37,076

Designer

Brands,

Inc.

b

405,241

13,397

Dine

Brands

Global,

Inc.

622,693

24,585

Dorman

Products,

Inc.

a

2,369,748

19,831

Ethan

Allen

Interiors,

Inc.

685,558

71,068

Foot

Locker,

Inc.

2,025,438

69,074

Frontdoor,

Inc.

a

2,250,431

28,451

Gentherm,

Inc.

a

1,638,209

35,306

G-III

Apparel

Group,

Ltd.

a

1,024,227

18,619

Golden

Entertainment,

Inc.

685,738

22,045

Green

Brick

Partners,

Inc.

a

1,327,770

11,521

Group

1

Automotive,

Inc.

3,366,782

23,759

Guess

?,

Inc.

b

747,696

Shares

Common

Stock

(99.2%)

Value

Consumer

Discretionary

(14.8%)

-

continued

303,667

Hanesbrands,

Inc.

a

$

1,761,269

11,571

Haverty

Furniture

Companies,

Inc.

394,803

10,212

Hibbet,

Inc.

784,384

20,338

Installed

Building

Products,

Inc.

5,262,051

16,966

Jack

in

the

Box,

Inc.

1,161,832

96,045

Kohl's

Corporation

2,799,712

43,376

Kontoor

Brands,

Inc.

2,613,404

37,112

La-Z-Boy,

Inc.

1,396,153

21,970

LCI

Industries

2,703,628

160,069

Leslie's,

Inc.

a

1,040,448

17,785

LGI

Homes,

Inc.

a

2,069,640

51,816

M.D.C.

Holdings,

Inc.

3,259,745

24,160

M/I

Homes,

Inc.

a

3,292,766

17,605

MarineMax,

Inc.

a

585,542

31,621

Meritage

Homes

Corporation

5,548,221

79,014

Mister

Car

Wash,

Inc.

a,b

612,358

11,579

Monarch

Casino

&

Resort,

Inc.

868,309

25,941

Monro,

Inc.

818,179

13,531

Movado

Group,

Inc.

377,921

67,880

National

Vision

Holdings,

Inc.

a

1,504,221

330,581

Newell

Brands,

Inc.

2,654,565

28,859

ODP

Corporation

a

1,530,970

12,742

Oxford

Industries,

Inc.

1,432,201

28,416

Papa

John's

International,

Inc.

1,892,506

18,050

Patrick

Industries,

Inc.

2,156,434

56,986

Perdoceo

Education

Corporation

1,000,674

40,500

Phinia,

Inc.

1,556,415

329,207

Sabre

Corporation

a

796,681

90,989

Sally

Beauty

Holdings,

Inc.

a

1,130,083

32,527

Shake

Shack,

Inc.

a

3,383,784

15,535

Shoe

Carnival,

Inc.

569,202

38,446

Signet

Jewelers,

Ltd.

3,847,291

62,763

Six

Flags

Entertainment

Corporation

a

1,651,922

12,894

Sonic

Automotive,

Inc.

734,184

107,436

Sonos,

Inc.

a

2,047,730

16,211

Standard

Motor

Products,

Inc.

543,879

60,840

Steven

Madden,

Ltd.

2,572,315

18,872

Strategic

Education,

Inc.

1,964,953

34,525

Stride,

Inc.

a

2,176,801

15,375

Sturm,

Ruger

&

Company,

Inc.

709,556

123,256

Topgolf

Callaway

Brands

Corporation

a

1,993,050

84,195

Tri

Pointe

Homes,

Inc.

a

3,254,979

38,624

Upbound

Group,

Inc.

1,359,951

49,100

Urban

Outfitters,

Inc.

a

2,131,922

67,176

Victoria's

Secret

&

Company

a

1,301,871

50,444

Vista

Outdoor,

Inc.

a

1,653,554

25,365

Winnebago

Industries,

Inc.

1,877,010

68,996

Wolverine

World

Wide,

Inc.

773,445

26,456

Worthington

Enterprises,

Inc.

1,646,357

18,456

XPEL,

Inc.

a

996,993

Total

153,485,350

Consumer

Staples

(3.4%)

27,318

Andersons,

Inc.

1,567,234

68,208

B&G

Foods,

Inc.

780,299

15,441

Calavo

Growers,

Inc.

429,414

35,263

Cal-Maine

Foods,

Inc.

2,075,228

8,265

Central

Garden

&

Pet

Company

a

353,990

46,845

Central

Garden

&

Pet

Company,

Class

A

a

1,729,517

30,625

Chefs'

Warehouse,

Inc.

a

1,153,337

43,318

Edgewell

Personal

Care

Company

1,673,807

57,913

Energizer

Holdings,

Inc.

1,704,959

Small

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

344

Shares

Common

Stock

(99.2%)

Value

Consumer

Staples

(3.4%)

-

continued

29,226

Fresh

Del

Monte

Produce,

Inc.

$

757,246

77,931

Hain

Celestial

Group,

Inc.

a

612,538

15,537

Inter

Parfums,

Inc.

2,183,104

13,450

J

&

J

Snack

Foods

Corporation

1,944,332

7,810

John

B.

Sanfilippo

&

Son,

Inc.

827,235

9,349

Medifast,

Inc.

358,254

13,561

MGP

Ingredients,

Inc.

1,168,009

20,255

National

Beverage

Corporation

a

961,302

42,863

Nu

Skin

Enterprises,

Inc.

592,795

21,726

PriceSmart,

Inc.

1,824,984

78,797

Simply

Good

Foods

Company

a

2,681,462

30,037

SpartanNash

Company

607,048

15,435

Tootsie

Roll

Industries,

Inc.

494,383

43,656

TreeHouse

Foods,

Inc.

a

1,700,401

51,538

United

Natural

Foods,

Inc.

a

592,172

21,318

Universal

Corporation

1,102,567

9,625

USANA

Health

Sciences,

Inc.

a

466,812

114,984

Vector

Group,

Ltd.

1,260,225

11,765

WD-40

Company

2,980,192

57,201

WK

Kellogg

Company

1,075,379

Total

35,658,225

Energy

(4.9%)

119,137

Archrock,

Inc.

2,343,425

20,828

Bristow

Group,

Inc.

a

566,522

55,957

California

Resources

Corporation

3,083,231

79,709

Comstock

Resources,

Inc.

b

739,699

23,113

CONSOL

Energy,

Inc.

1,935,945

40,534

Core

Laboratories,

Inc.

692,321

25,292

CVR

Energy,

Inc.

901,913

29,581

Dorian

LPG,

Ltd.

1,137,685

29,654

Dril-Quip,

Inc.

a

668,105

55,750

Green

Plains,

Inc.

a

1,288,940

122,900

Helix

Energy

Solutions

Group,

Inc.

a

1,332,236

85,734

Helmerich

&

Payne,

Inc.

3,605,972

131,586

Liberty

Energy,

Inc.

2,726,462

160,685

Magnolia

Oil

&

Gas

Corporation

4,169,776

7,718

Nabors

Industries,

Ltd.

a

664,751

79,183

Northern

Oil

and

Gas,

Inc.

3,141,981

87,381

Oceaneering

International,

Inc.

a

2,044,715

48,286

Par

Pacific

Holdings,

Inc.

a

1,789,479

278,741

Patterson-UTI

Energy,

Inc.

3,328,168

95,535

Peabody

Energy

Corporation

2,317,679

73,638

ProPetro

Holding

Corporation

a

594,995

13,211

REX

American

Resources

Corporation

a

775,618

73,806

RPC,

Inc.

571,258

100,372

SM

Energy

Company

5,003,544

116,936

Talos

Energy,

Inc.

a

1,628,918

66,933

U.S.

Silica

Holdings,

Inc.

a

830,638

21,514

Vital

Energy,

Inc.

a

1,130,346

52,226

World

Kinect

Corporation

1,381,378

Total

50,395,700

Financials

(17.8%)

39,208

Ambac

Financial

Group,

Inc.

a

612,821

54,159

American

Equity

Investment

Life

Holding

Company

a

3,044,819

56,130

Ameris

Bancorp

2,715,569

16,630

AMERISAFE,

Inc.

834,327

113,410

Apollo

Commercial

Real

Estate

Finance,

Inc.

1,263,387

163,529

Arbor

Realty

Trust,

Inc.

2,166,759

42,504

ARMOUR

Residential

REIT,

Inc.

840,304

Shares

Common

Stock

(99.2%)

Value

Financials

(17.8%)

-

continued

59,512

Artisan

Partners

Asset

Management,

Inc.

$

2,723,864

47,156

Assured

Guaranty,

Ltd.

4,114,361

65,084

Atlantic

Union

Bankshares

Corporation

2,298,116

43,931

Axos

Financial,

Inc.

a

2,374,031

14,327

B.

Riley

Financial,

Inc.

b

303,303

120,238

Banc

of

California,

Inc.

1,828,820

12,571

BancFirst

Corporation

1,106,625

46,548

Bancorp,

Inc.

a

1,557,496

34,485

Bank

of

Hawaii

Corporation

b

2,151,519

64,520

BankUnited,

Inc.

1,806,560

29,798

Banner

Corporation

1,430,304

37,047

Berkshire

Hills

Bancorp,

Inc.

849,117

335,549

BGC

Group,

Inc.

2,607,216

149,472

Blackstone

Mortgage

Trust,

Inc.

2,975,988

42,796

Bread

Financial

Holdings,

Inc.

1,593,723

28,087

BrightSphere

Investment

Group

641,507

77,093

Brookline

Bancorp,

Inc.

767,846

107,824

Capitol

Federal

Financial,

Inc.

642,631

63,024

Cathay

General

Bancorp

2,384,198

23,460

Central

Pacific

Financial

Corporation

463,335

12,839

City

Holding

Company

1,338,081

46,262

Community

Bank

System,

Inc.

2,221,964

24,548

Customers

Bancorp,

Inc.

a

1,302,517

114,840

CVB

Financial

Corporation

2,048,746

30,312

Dime

Community

Bancshares,

Inc.

583,809

21,464

Donnelley

Financial

Solutions,

Inc.

a

1,330,983

25,961

Eagle

Bancorp,

Inc.

609,824

68,773

Ellington

Financial,

Inc.

b

812,209

22,313

Employers

Holdings,

Inc.

1,012,787

20,412

Encore

Capital

Group,

Inc.

a

930,991

25,235

Enova

International,

Inc.

a

1,585,515

56,069

EVERTEC,

Inc.

2,237,153

45,271

EZCORP,

Inc.

a

512,920

30,478

FB

Financial

Corporation

1,147,801

146,096

First

Bancorp/Puerto

Rico

2,562,524

35,664

First

Bancorp/Southern

Pines,

NC

1,288,184

88,316

First

Commonwealth

Financial

Corporation

1,229,359

82,537

First

Financial

Bancorp

1,850,480

110,712

First

Hawaiian,

Inc.

2,431,236

71,200

Franklin

BSP

Realty

Trust,

Inc.

951,232

142,101

Fulton

Financial

Corporation

2,257,985

391,256

Genworth

Financial,

Inc.

a

2,515,776

21,211

Goosehead

Insurance,

Inc.

a

1,413,077

39,133

Green

Dot

Corporation

a

365,111

26,210

Hanmi

Financial

Corporation

417,263

96,441

Hannon

Armstrong

Sustainable

Infrastructure

Capital,

Inc.

2,738,924

5,914

HCI

Group,

Inc.

686,497

30,282

Heritage

Financial

Corporation

587,168

40,130

Hilltop

Holdings,

Inc.

1,256,872

104,213

Hope

Bancorp,

Inc.

1,199,492

35,427

Horace

Mann

Educators

Corporation

1,310,445

37,193

Independent

Bank

Corporation

1,934,780

31,157

Independent

Bank

Group,

Inc.

1,422,317

61,381

Jackson

Financial,

Inc.

4,059,739

50,510

KKR

Real

Estate

Finance

Trust,

Inc.

508,131

22,062

Lakeland

Financial

Corporation

1,463,152

147,185

Lincoln

National

Corporation

4,699,617

23,057

Mercury

General

Corporation

1,189,741

57,833

Moelis

&

Company

3,283,179

Small

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

345

Shares

Common

Stock

(99.2%)

Value

Financials

(17.8%)

-

continued

56,042

Mr.

Cooper

Group,

Inc.

a

$

4,368,474

32,779

National

Bank

Holdings

Corporation

1,182,339

71,206

Navient

Corporation

1,238,984

40,850

NBT

Bancorp,

Inc.

1,498,378

58,042

NCR

Atleos

Corporation

a

1,146,329

78,669

New

York

Mortgage

Trust,

Inc.

566,417

70,339

NMI

Holdings,

Inc.

a

2,274,763

33,991

Northfield

Bancorp,

Inc.

330,393

110,270

Northwest

Bancshares,

Inc.

1,284,645

40,830

OFG

Bancorp

1,502,952

83,195

Pacific

Premier

Bancorp,

Inc.

1,996,680

21,455

Palomar

Holdings,

Inc.

a

1,798,573

12,443

Park

National

Corporation

1,690,382

22,114

Pathward

Financial,

Inc.

1,116,315

225,990

Payoneer

Global,

Inc.

a

1,098,311

75,148

PennyMac

Mortgage

Investment

Trust

1,103,173

13,186

Piper

Sandler

Companies

2,617,289

19,346

PJT

Partners,

Inc.

1,823,554

34,045

PRA

Group,

Inc.

a

887,894

10,868

Preferred

Bank/Los

Angeles,

CA

834,336

44,217

ProAssurance

Corporation

a

568,631

38,797

PROG

Holdings,

Inc.

1,336,169

65,533

Provident

Financial

Services,

Inc.

954,816

132,886

Radian

Group,

Inc.

4,447,694

137,376

Ready

Capital

Corporation

1,254,243

114,079

Redwood

Trust,

Inc.

726,683

48,704

Renasant

Corporation

1,525,409

33,168

S&T

Bancorp,

Inc.

1,064,029

12,832

Safety

Insurance

Group,

Inc.

1,054,662

73,156

Seacoast

Banking

Corporation

of

Florida

1,857,431

42,501

ServisFirst

Bancshares,

Inc.

2,820,366

108,600

Simmons

First

National

Corporation

2,113,356

78,505

SiriusPoint,

Ltd.

a

997,799

24,930

Southside

Bancshares,

Inc.

728,704

40,683

Stellar

Bancorp,

Inc.

991,038

23,744

Stewart

Information

Services

Corporation

1,544,785

23,538

StoneX

Group,

Inc.

a

1,653,780

10,873

Tompkins

Financial

Corporation

546,803

18,701

Triumph

Financial,

Inc.

a

1,483,363

30,995

Trupanion,

Inc.

a,b

855,772

16,504

TrustCo

Bank

Corporation

NY

464,753

52,980

Trustmark

Corporation

1,489,268

89,533

Two

Harbors

Investment

Corporation

1,185,417

103,217

United

Community

Banks,

Inc.

2,716,671

18,411

United

Fire

Group,

Inc.

400,807

47,139

Veritex

Holdings,

Inc.

965,878

5,859

Virtus

Investment

Partners,

Inc.

1,452,915

58,930

WaFd,

Inc.

1,710,738

29,019

Walker

&

Dunlop,

Inc.

2,932,660

23,138

Westamerica

Bancorporation

1,130,985

95,791

WisdomTree,

Inc.

880,319

2,913

World

Acceptance

Corporation

a

422,327

52,518

WSFS

Financial

Corporation

2,370,663

Total

184,405,242

Health

Care

(10.1%)

70,993

AdaptHealth

Corporation

a

817,129

13,885

Addus

HomeCare

Corporation

a

1,434,876

30,415

Agiliti,

Inc.

a

307,800

Shares

Common

Stock

(99.2%)

Value

Health

Care

(10.1%)

-

continued

144,773

Alkermes

plc

a

$

3,919,005

32,783

AMN

Healthcare

Services,

Inc.

a

2,049,265

32,417

Amphastar

Pharmaceuticals,

Inc.

a

1,423,430

13,078

ANI

Pharmaceuticals,

Inc.

a

904,082

46,895

Arcus

Biosciences,

Inc.

a

885,378

33,830

Artivion,

Inc.

a

715,843

36,532

Astrana

Health,

Inc.

a

1,533,979

40,275

Avanos

Medical,

Inc.

a

801,875

30,873

BioLife

Solutions,

Inc.

a

572,694

96,890

Catalyst

Pharmaceuticals,

Inc.

a

1,544,427

92,908

Certara,

Inc.

a

1,661,195

28,291

Collegium

Pharmaceutical,

Inc.

a

1,098,257

26,678

CONMED

Corporation

2,136,374

78,694

Corcept

Therapeutics,

Inc.

a

1,982,302

7,860

CorVel

Corporation

a

2,066,866

28,665

Cross

Country

Healthcare,

Inc.

a

536,609

85,842

Cytek

Biosciences,

Inc.

a

576,000

112,136

Dynavax

Technologies

Corporation

a

1,391,608

49,951

Embecta

Corporation

662,850

43,489

Enhabit,

Inc.

a

506,647

48,762

Ensign

Group,

Inc.

6,066,968

77,036

Fortrea

Holdings,

Inc.

a

3,092,225

17,481

Fulgent

Genetics,

Inc.

a

379,338

42,335

Glaukos

Corporation

a

3,991,767

28,455

Harmony

Biosciences

Holdings,

Inc.

a

955,519

20,756

HealthStream,

Inc.

553,355

17,591

ICU

Medical,

Inc.

a

1,887,866

44,465

Inari

Medical,

Inc.

a

2,133,431

48,925

Innoviva,

Inc.

a

745,617

28,912

Integer

Holdings

Corporation

a

3,373,452

119,192

Ironwood

Pharmaceuticals,

Inc.

a

1,038,162

17,189

LeMaitre

Vascular,

Inc.

1,140,662

14,219

Ligand

Pharmaceuticals,

Inc.

a

1,039,409

50,099

Merit

Medical

Systems,

Inc.

a

3,794,999

4,445

Mesa

Laboratories,

Inc.

487,750

10,708

ModivCare,

Inc.

a

251,103

76,806

Myriad

Genetics,

Inc.

a

1,637,504

11,699

National

HealthCare

Corporation

1,105,672

110,579

NeoGenomics,

Inc.

a

1,738,302

6,287

OmniAb,

Inc.,

12.5

Earnout

Share

a,c

1

6,287

OmniAb,

Inc.,

15.0

Earnout

Share

a,c

1

39,445

Omnicell,

Inc.

a

1,152,977

63,749

OraSure

Technologies,

Inc.

a

392,056

221,743

Organon

&

Company

4,168,768

66,366

Owens

&

Minor,

Inc.

a

1,839,002

40,286

Pacira

Pharmaceuticals,

Inc.

a

1,177,157

71,543

Patterson

Companies,

Inc.

1,978,164

71,856

Pediatrix

Medical

Group,

Inc.

a

720,716

17,644

Phibro

Animal

Health

Corporation

228,137

103,944

Premier,

Inc.

2,297,162

43,071

Prestige

Consumer

Healthcare,

Inc.

a

3,125,232

89,108

Privia

Health

Group,

Inc.

a

1,745,626

56,563

RadNet,

Inc.

a

2,752,356

35,111

REGENXBIO,

Inc.

a

739,789

47,450

Schrodinger,

Inc./United

States

a

1,281,150

91,207

Select

Medical

Holdings

Corporation

2,749,891

13,857

Simulations

Plus,

Inc.

570,215

42,339

STAAR

Surgical

Company

a

1,620,737

47,395

Supernus

Pharmaceuticals,

Inc.

a

1,616,643

56,571

Tandem

Diabetes

Care,

Inc.

a

2,003,179

Small

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

346

Shares

Common

Stock

(99.2%)

Value

Health

Care

(10.1%)

-

continued

13,002

U.S.

Physical

Therapy,

Inc.

$

1,467,536

6,097

UFP

Technologies,

Inc.

a

1,537,663

35,221

Varex

Imaging

Corporation

a

637,500

41,402

Vericel

Corporation

a

2,153,732

74,688

Vir

Biotechnology,

Inc.

a

756,589

52,810

Xencor,

Inc.

a

1,168,685

Total

104,822,256

Industrials

(18.1%)

115,757

3D

Systems

Corporation

a

513,961

58,500

AAON,

Inc.

5,153,850

28,788

AAR

Corporation

a

1,723,538

54,533

ABM

Industries,

Inc.

2,433,262

24,282

AeroVironment,

Inc.

a

3,721,945

89,576

Air

Lease

Corporation

4,607,789

8,962

Alamo

Group,

Inc.

2,046,293

109,386

Alaska

Air

Group,

Inc.

a

4,702,504

27,067

Albany

International

Corporation

2,531,035

12,428

Allegiant

Travel

Company

934,710

13,903

American

Woodmark

Corporation

a

1,413,379

19,159

Apogee

Enterprises,

Inc.

1,134,213

20,527

ArcBest

Corporation

2,925,097

42,300

Arcosa,

Inc.

3,631,878

38,327

Armstrong

World

Industries,

Inc.

4,760,980

19,727

Astec

Industries,

Inc.

862,267

21,755

AZZ,

Inc.

1,681,879

43,962

Barnes

Group,

Inc.

1,633,188

34,345

Boise

Cascade

Company

5,267,493

38,859

Brady

Corporation

2,303,562

98,555

CoreCivic,

Inc.

a

1,538,444

24,527

CSG

Systems

International,

Inc.

1,264,122

37,911

Deluxe

Corporation

780,587

92,244

DNOW,

Inc.

a

1,402,109

11,507

DXP

Enterprises,

Inc.

a

618,271

25,451

Dycom

Industries,

Inc.

a

3,652,982

13,686

Encore

Wire

Corporation

3,596,407

46,958

Enerpac

Tool

Group

Corporation

1,674,522

18,137

EnPro,

Inc.

3,060,981

69,258

Enviri

Corporation

a

633,711

22,380

ESCO

Technologies,

Inc.

2,395,779

52,857

Federal

Signal

Corporation

4,485,974

26,717

Forward

Air

Corporation

831,166

34,415

Franklin

Electric

Company,

Inc.

3,675,866

105,890

GEO

Group,

Inc.

a

1,495,167

26,404

Gibraltar

Industries,

Inc.

a

2,126,314

34,543

GMS,

Inc.

a

3,362,416

38,113

Granite

Construction,

Inc.

2,177,396

26,972

Greenbrier

Companies,

Inc.

1,405,241

33,147

Griffon

Corporation

2,431,001

109,379

Hayward

Holdings,

Inc.

a

1,674,592

64,065

Healthcare

Services

Group,

Inc.

a

799,531

39,769

Heartland

Express,

Inc.

474,842

17,456

Heidrick

&

Struggles

International,

Inc.

587,569

60,858

Hillenbrand,

Inc.

3,060,549

40,408

HNI

Corporation

1,823,613

54,119

Hub

Group,

Inc.

2,339,023

16,872

Insteel

Industries,

Inc.

644,848

50,409

Interface,

Inc.

847,879

289,135

JetBlue

Airways

Corporation

a

2,145,382

27,621

John

Bean

Technologies

Corporation

2,897,167

24,557

Kaman

Corporation

1,126,430

93,708

KAR

Auction

Services,

Inc.

a

1,621,148

27,721

Kelly

Services,

Inc.

694,134

Shares

Common

Stock

(99.2%)

Value

Industrials

(18.1%)

-

continued

68,768

Kennametal,

Inc.

$

1,715,074

45,580

Korn

Ferry

2,997,341

9,570

Lindsay

Corporation

1,126,006

19,454

Liquidity

Services,

Inc.

a

361,844

50,083

Marten

Transport,

Ltd.

925,534

109,969

Masterbrand,

Inc.

a

2,060,819

30,307

Matson,

Inc.

3,406,507

26,617

Matthews

International

Corporation

827,256

45,321

Mercury

Systems,

Inc.

a

1,336,969

63,171

MillerKnoll,

Inc.

1,564,114

24,945

Moog,

Inc.

3,982,469

98,489

Mueller

Industries,

Inc.

5,311,512

14,496

MYR

Group,

Inc.

a

2,562,168

4,546

National

Presto

Industries,

Inc.

380,955

11,032

NV5

Global,

Inc.

a

1,081,246

133,084

Pitney

Bowes,

Inc.

576,254

7,995

Powell

Industries,

Inc.

1,137,688

22,370

Proto

Labs,

Inc.

a

799,728

28,718

Quanex

Building

Products

Corporation

1,103,633

126,734

Resideo

Technologies,

Inc.

a

2,841,376

27,615

Resources

Connection,

Inc.

363,413

53,438

Rush

Enterprises,

Inc.

2,860,002

101,522

RXO,

Inc.

a

2,220,286

35,520

SkyWest,

Inc.

a

2,453,722

39,601

SPX

Technologies,

Inc.

a

4,876,071

10,298

Standex

International

Corporation

1,876,502

33,813

Sun

Country

Airlines

Holdings,

Inc.

a

510,238

74,543

SunPower

Corporation

a,b

223,629

189,014

Sunrun,

Inc.

a

2,491,205

16,205

Tennant

Company

1,970,690

44,026

Titan

International,

Inc.

a

548,564

71,025

Trinity

Industries,

Inc.

1,978,046

66,683

Triumph

Group,

Inc.

a

1,002,912

16,457

TTEC

Holdings,

Inc.

170,659

13,109

UniFirst

Corporation/MA

2,273,494

144,281

Verra

Mobility

Corporation

a

3,602,697

114,029

Vestis

Corporation

2,197,339

18,148

Viad

Corporation

a

716,665

19,578

Vicor

Corporation

a

748,663

39,379

Wabash

National

Corporation

1,179,007

Total

187,690,283

Information

Technology

(12.2%)

60,637

A10

Networks,

Inc.

830,121

94,319

ACI

Worldwide,

Inc.

a

3,132,334

92,975

Adeia,

Inc.

1,015,287

61,446

Adtran

Holdings,

Inc.

334,266

32,342

Advanced

Energy

Industries,

Inc.

3,298,237

17,504

Agilysys,

Inc.

a

1,474,887

43,366

Alarm.com

Holdings,

Inc.

a

3,142,734

19,871

Alpha

and

Omega

Semiconductor,

Ltd.

a

437,957

82,093

Arlo

Technologies,

Inc.

a

1,038,476

28,355

Axcelis

Technologies,

Inc.

a

3,162,150

25,459

Badger

Meter,

Inc.

4,119,521

30,955

Benchmark

Electronics,

Inc.

928,960

44,117

BlackLine,

Inc.

a

2,849,076

124,568

Box,

Inc.

a

3,527,766

50,855

Calix,

Inc.

a

1,686,352

36,154

Cerence,

Inc.

a

569,426

20,440

CEVA,

Inc.

a

464,192

41,212

Cohu,

Inc.

a

1,373,596

37,521

Corsair

Gaming,

Inc.

a

463,009

Small

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

347

Shares

Common

Stock

(99.2%)

Value

Information

Technology

(12.2%)

-

continued

27,030

CTS

Corporation

$

1,264,734

31,454

Digi

International,

Inc.

a

1,004,326

39,854

Diodes,

Inc.

a

2,809,707

120,922

DoubleVerify

Holdings,

Inc.

a

4,251,618

158,644

DXC

Technology

Company

a

3,364,839

43,148

Envestnet,

Inc.

a

2,498,701

23,114

ePlus,

Inc.

a

1,815,374

111,676

Extreme

Networks,

Inc.

a

1,288,741

31,498

Fabrinet

a

5,953,752

67,529

FormFactor,

Inc.

a

3,081,348

97,515

Harmonic,

Inc.

a

1,310,602

25,535

Ichor

Holdings,

Ltd.

a

986,162

24,022

Insight

Enterprises,

Inc.

a

4,456,561

22,298

InterDigital,

Inc.

2,373,845

39,466

Itron,

Inc.

a

3,651,394

77,290

Knowles

Corporation

a

1,244,369

48,877

Kulicke

and

Soffa

Industries,

Inc.

2,459,002

57,416

LiveRamp

Holding,

Inc.

a

1,980,852

64,676

MaxLinear,

Inc.

a

1,207,501

30,883

Methode

Electronics,

Inc.

376,155

60,303

N-able,

Inc.

a

788,160

116,369

NCR

Voyix

Corporation

a

1,469,740

61,624

NetScout

Systems,

Inc.

a

1,345,868

13,605

OSI

Systems,

Inc.

a

1,943,066

9,800

PC

Connection,

Inc.

646,114

26,554

PDF

Solutions,

Inc.

a

894,073

30,165

Perficient,

Inc.

a

1,697,988

54,311

Photronics,

Inc.

a

1,538,088

23,954

Plexus

Corporation

a

2,271,318

38,067

Progress

Software

Corporation

2,029,352

14,536

Rogers

Corporation

a

1,725,278

48,387

Sanmina

Corporation

a

3,008,704

21,835

ScanSource,

Inc.

a

961,613

55,768

Semtech

Corporation

a

1,533,062

15,158

SiTime

Corporation

a

1,413,180

44,964

SMART

Global

Holdings,

Inc.

a

1,183,452

49,285

SolarEdge

Technologies,

Inc.

a

3,498,249

102,587

Sprinklr,

Inc.

a

1,258,743

31,836

SPS

Commerce,

Inc.

a

5,886,476

88,700

TTM

Technologies,

Inc.

a

1,388,155

38,892

Ultra

Clean

Holdings,

Inc.

a

1,786,698

48,878

Veeco

Instruments,

Inc.

a

1,719,039

65,231

ViaSat,

Inc.

a

1,180,029

193,080

Viavi

Solutions,

Inc.

a

1,755,097

98,093

Xerox

Holdings

Corporation

1,755,865

37,708

Xperi,

Inc.

a

454,758

Total

126,360,095

Materials

(5.9%)

23,383

AdvanSix,

Inc.

668,754

110,676

Allegheny

Technologies,

Inc.

a

5,663,291

10,256

Alpha

Metallurgical

Resources,

Inc.

3,396,480

15,935

Arch

Resources,

Inc.

2,562,189

27,970

Balchem

Corporation

4,333,951

42,866

Carpenter

Technology

Corporation

3,061,490

44,891

Century

Aluminum

Company

a

690,872

14,369

Clearwater

Paper

Corporation

a

628,356

29,387

Compass

Minerals

International,

Inc.

462,551

47,027

H.B.

Fuller

Company

3,749,933

16,536

Hawkins,

Inc.

1,269,965

10,980

Haynes

International,

Inc.

660,118

29,231

Ingevity

Corporation

a

1,394,319

21,572

Innospec,

Inc.

2,781,494

Shares

Common

Stock

(99.2%)

Value

Materials

(5.9%)

-

continued

13,789

Kaiser

Aluminum

Corporation

$

1,232,185

18,064

Koppers

Holdings,

Inc.

996,591

17,907

Materion

Corporation

2,359,247

47,020

Mativ,

Inc.

881,625

38,059

Mercer

International,

Inc.

378,687

33,320

Metallus,

Inc.

a

741,370

28,233

Minerals

Technologies,

Inc.

2,125,380

31,958

Myers

Industries,

Inc.

740,467

134,229

O-I

Glass,

Inc.

a

2,226,859

8,499

Olympic

Steel,

Inc.

602,409

12,014

Quaker

Chemical

Corporation

2,465,873

125,301

Sealed

Air

Corporation

4,661,197

36,653

Sensient

Technologies

Corporation

2,536,021

18,434

Stepan

Company

1,659,797

72,660

SunCoke

Energy,

Inc.

818,878

30,642

Sylvamo

Corporation

1,891,837

45,128

Warrior

Met

Coal,

Inc.

2,739,270

26,429

Worthington

Steel,

Inc.

947,480

Total

61,328,936

Real

Estate

(7.4%)

88,726

Acadia

Realty

Trust

1,509,229

62,926

Alexander

&

Baldwin,

Inc.

1,036,391

42,263

American

Assets

Trust,

Inc.

925,982

95,851

Anywhere

Real

Estate,

Inc.

a

592,359

184,600

Apple

Hospitality

REIT,

Inc.

3,023,748

58,472

Armada

Hoffler

Properties,

Inc.

608,109

149,298

Brandywine

Realty

Trust

716,630

113,214

CareTrust

REIT,

Inc.

2,759,025

13,059

Centerspace

746,191

42,381

Chatham

Lodging

Trust

428,472

21,026

Community

Healthcare

Trust,

Inc.

558,240

145,888

Cushman

and

Wakefield

plc

a

1,525,989

181,856

DiamondRock

Hospitality

Company

1,747,636

144,648

Douglas

Emmett,

Inc.

2,006,268

82,589

Easterly

Government

Properties,

Inc.

950,599

76,197

Elme

Communities

1,060,662

135,354

Essential

Properties

Realty

Trust,

Inc.

3,608,538

66,712

eXp

World

Holdings,

Inc.

b

689,135

78,567

Four

Corners

Property

Trust,

Inc.

1,922,535

42,593

Getty

Realty

Corporation

1,164,919

169,430

Global

Net

Lease,

Inc.

1,316,471

91,706

Highwoods

Properties,

Inc.

2,400,863

109,891

Hudson

Pacific

Properties,

Inc.

708,797

24,325

Innovative

Industrial

Properties,

Inc.

2,518,611

75,550

JBG

SMITH

Properties

1,212,578

102,786

Kennedy-Wilson

Holdings,

Inc.

881,904

35,926

LTC

Properties,

Inc.

1,167,954

253,867

LXP

Industrial

Trust

2,289,880

187,364

Macerich

Company

3,228,282

20,638

Marcus

and

Millichap,

Inc.

705,200

519,644

Medical

Properties

Trust,

Inc.

2,442,327

19,823

NexPoint

Residential

Trust,

Inc.

638,102

126,002

Outfront

Media,

Inc.

2,115,574

104,538

Pebblebrook

Hotel

Trust

1,610,931

105,858

Phillips

Edison

and

Company,

Inc.

3,797,126

109,309

Retail

Opportunity

Investments

Corporation

1,401,341

38,840

Safehold,

Inc.

800,104

11,217

Saul

Centers,

Inc.

431,742

143,809

Service

Properties

Trust

975,025

Small

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

348

/

Shares

Common

Stock

(99.2%)

Value

Real

Estate

(7.4%)

-

continued

156,165

SITE

Centers

Corporation

$

2,287,817

56,151

SL

Green

Realty

Corporation

3,095,605

30,890

St.

Joe

Company

1,790,693

93,327

Summit

Hotel

Properties,

Inc.

607,559

178,227

Sunstone

Hotel

Investors,

Inc.

1,985,449

93,417

Tanger,

Inc.

2,758,604

207,053

Uniti

Group,

Inc.

1,221,613

11,032

Universal

Health

Realty

Income

Trust

404,985

102,057

Urban

Edge

Properties

1,762,524

69,562

Veris

Residential,

Inc.

1,058,038

40,866

Whitestone

REIT

512,868

91,264

Xenia

Hotels

&

Resorts,

Inc.

1,369,873

Total

77,079,097

Utilities

(2.0%)

32,082

American

States

Water

Company

2,317,604

67,118

Avista

Corporation

2,350,472

50,065

California

Water

Service

Group

2,327,021

19,289

Chesapeake

Utilities

Corporation

2,069,710

30,028

Clearway

Energy,

Inc.,

Class

A

645,902

71,475

Clearway

Energy,

Inc.,

Class

C

1,647,499

31,372

MGE

Energy,

Inc.

2,469,604

15,448

Middlesex

Water

Company

811,020

31,906

Northwest

Natural

Holding

Company

1,187,541

36,185

Otter

Tail

Corporation

3,126,384

25,209

SJW

Group

1,426,577

13,965

Unitil

Corporation

731,068

Total

21,110,402

Total

Common

Stock

(cost

$758,370,405)

1,028,806,821

Shares

Collateral

Held

for

Securities

Loaned

(

0.7%

)

Value

6,810,515

Thrivent

Cash

Management

Trust

6,810,515

Total

Collateral

Held

for

Securities

Loaned

(cost

$6,810,515)

6,810,515

Shares

Registered

Investment

Companies

(

0.6%

)

Value

U.S.

Unaffiliated  (0.6%)

53,652

iShares

Core

S&P

Small-Cap

ETF

5,929,619

Total

5,929,619

Total

Registered

Investment

Companies

(cost

$5,604,682)

5,929,619

Shares

or

Principal

Amount

Short-Term

Investments

(

0.3%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

100,000

5.207%,

4/26/2024

d

99,583

300,000

5.230%,

5/8/2024

d,e

298,216

Shares

or

Principal

Amount

Short-Term

Investments

(0.3%)

Value

Thrivent

Core

Short-Term

Reserve

Fund

300,355

5.590%

$

3,003,550

Total

Short-Term

Investments

(cost

$3,401,401)

3,401,349

Total

Investments

(cost

$774,187,003)

100.8%

$1,044,948,304

Other

Assets

and

Liabilities,

Net

(0.8%)

(8,138,284)

Total

Net

Assets

100.0%

$1,036,810,020

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

c

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

d

The

interest

rate

shown

reflects

the

yield.

e

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Small

Cap

Index

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Common

Stock

$

6,713,358

Total

lending

$6,713,358

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$6,810,515

Net

amounts

due

to

counterparty

$97,157

Definitions:

ETF

-

Exchange

Traded

Fund

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Small

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

349

Reference

Description:

CME

-

Chicago

Mercantile

Exchange

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Small

Cap

Index

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

26,471,235

26,471,235

–

–

Consumer

Discretionary

153,485,350

153,485,350

–

–

Consumer

Staples

35,658,225

35,658,225

–

–

Energy

50,395,700

50,395,700

–

–

Financials

184,405,242

184,405,242

–

–

Health

Care

104,822,256

104,822,254

–

2

Industrials

187,690,283

187,690,283

–

–

Information

Technology

126,360,095

126,360,095

–

–

Materials

61,328,936

61,328,936

–

–

Real

Estate

77,079,097

77,079,097

–

–

Utilities

21,110,402

21,110,402

–

–

Registered

Investment

Companies

U.S.

Unaffiliated

5,929,619

5,929,619

–

–

Short-Term

Investments

397,799

–

397,799

–

Subtotal

Investments

in

Securities

$1,035,134,239

$1,034,736,438

$397,799

$2

Other

Investments  *

Total

Affiliated

Short-Term

Investments

3,003,550

Collateral

Held

for

Securities

Loaned

6,810,515

Subtotal

Other

Investments

$9,814,065

Total

Investments

at

Value

$1,044,948,304

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Small

Cap

Index

Portfolio's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

37,161

37,161

–

–

Total

Asset

Derivatives

$37,161

$37,161

$–

$–

The

following

table

presents

Small

Cap

Index

Portfolio's

futures

contracts

held

as

of

March

28,

2024.

Investments

and/or

cash

totaling

$298,216

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CME

E-mini

Russell

2000

Index

20

June

2024

$

2,108,739

$

37,161

Total

Futures

Long

Contracts

$

2,108,739

$

37,161

Total

Futures

Contracts

$

2,108,739

$37,161

Small

Cap

Index

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

350

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Small

Cap

Index

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$635

$12,407

$10,038

$3,004

300

0.3%

Total

Affiliated

Short-Term

Investments

635

3,004

0.3

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

13,922

20,634

27,745

6,811

6,811

0.7

Total

Collateral

Held

for

Securities

Loaned

13,922

6,811

0.7

Total

Value

$14,557

$9,815

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$–

$–

$

–

$10

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$10

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

31

Total

Affiliated

Income

from

Securities

Loaned,

Net

$31

Total

Value

$–

$–

$

–

Small

Cap

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

351

Shares

Common

Stock

(

96

.3

%

)

Value

Communications

Services

(1.4%)

465,897

QuinStreet,

Inc.

a

$

8,227,741

111,121

Ziff

Davis,

Inc.

a

7,005,068

Total

15,232,809

Consumer

Discretionary

(9.9%)

65,094

Boot

Barn

Holdings,

Inc.

a

6,193,694

116,619

Brunswick

Corporation

11,256,066

157,246

Columbia

Sportswear

Company

12,765,230

564,786

Cooper-Standard

Holdings,

Inc.

a

9,352,856

54,984

Grand

Canyon

Education,

Inc.

a

7,489,371

35,806

Meritage

Homes

Corporation

6,282,521

83,051

Savers

Value

Village,

Inc.

a

1,601,223

282,440

SharkNinja,

Inc.

17,593,188

100,489

Skyline

Champion

Corporation

a

8,542,570

508,163

Stoneridge,

Inc.

a

9,370,526

70,237

Texas

Roadhouse,

Inc.

10,849,509

1,211,031

ThredUp,

Inc.

a

2,422,062

Total

103,718,816

Consumer

Staples

(6.3%)

175,063

BJ's

Wholesale

Club

Holdings,

Inc.

a

13,243,516

147,333

John

B.

Sanfilippo

&

Son,

Inc.

15,605,512

76,178

Lancaster

Colony

Corporation

15,816,838

369,066

Pilgrim's

Pride

Corporation

a

12,666,345

302,467

Turning

Point

Brands,

Inc.

8,862,283

Total

66,194,494

Energy

(3.7%)

113,441

Chesapeake

Energy

Corporation

10,076,964

134,484

Matador

Resources

Company

8,979,497

628,430

NOV,

Inc.

12,266,953

305,944

TechnipFMC

plc

7,682,254

Total

39,005,668

Financials

(15.6%)

579,367

Ally

Financial,

Inc.

23,516,507

259,037

Bank

of

N.T.

Butterfield

&

Son,

Ltd.

8,286,594

605,919

Bridgewater

Bancshares,

Inc.

a

7,052,897

793,195

F.N.B.

Corporation

11,184,050

238,627

Glacier

Bancorp,

Inc.

9,611,896

258,169

Heartland

Financial

USA,

Inc.

9,074,640

137,654

Houlihan

Lokey,

Inc.

17,645,866

42,585

Kinsale

Capital

Group,

Inc.

22,346,053

144,035

Prosperity

Bancshares,

Inc.

9,474,622

133,118

RLI

Corporation

19,764,029

156,611

Triumph

Financial,

Inc.

a

12,422,385

59,094

Voya

Financial,

Inc.

4,368,228

151,947

Western

Alliance

Bancorp

9,753,478

Total

164,501,245

Health

Care

(7.0%)

286,026

Enovis

Corporation

a

17,862,324

317,014

Halozyme

Therapeutics,

Inc.

a

12,896,129

72,420

Masimo

Corporation

a

10,634,877

444,153

Option

Care

Health,

Inc.

a

14,896,892

226,268

Progyny,

Inc.

a

8,632,124

25,442

QuidelOrtho

Corporation

a

1,219,689

757,816

Viemed

Healthcare,

Inc.

a

7,146,205

Total

73,288,240

Industrials

(22.7%)

424,382

Air

Lease

Corporation

21,830,210

97,045

ASGN,

Inc.

a

10,166,434

Shares

Common

Stock

(96.3%)

Value

Industrials

(22.7%)

-

continued

655,135

Badger

Infrastructure

Solutions,

Ltd.

$

24,279,485

88,110

Cimpress

plc

a

7,798,616

38,452

Curtiss-Wright

Corporation

9,841,405

317,221

ExlService

Holdings,

Inc.

a

10,087,628

313,087

Fluor

Corporation

a

13,237,318

234,648

Greenbrier

Companies,

Inc.

12,225,161

249,656

Helios

Technologies,

Inc.

11,157,127

903,828

Janus

International

Group,

Inc.

a

13,674,918

117,155

ManpowerGroup,

Inc.

9,095,914

732,016

Masterbrand,

Inc.

a

13,717,980

172,032

Maximus,

Inc.

14,433,485

239,531

Miller

Industries,

Inc.

12,000,503

68,324

Moog,

Inc.

10,907,927

467,060

Schneider

National,

Inc.

10,574,238

28,690

Simpson

Manufacturing

Company,

Inc.

5,886,614

147,439

Tennant

Company

17,930,057

118,124

Timken

Company

10,327,581

Total

239,172,601

Information

Technology

(15.7%)

150,422

Ciena

Corporation

a

7,438,368

282,402

Cohu,

Inc.

a

9,412,459

63,650

Fabrinet

a

12,031,123

63,752

FormFactor,

Inc.

a

2,909,004

620,436

Gilat

Satellite

Networks,

Ltd.

a

3,368,967

132,011

Guidewire

Software,

Inc.

a

15,407,004

33,346

Insight

Enterprises,

Inc.

a

6,186,350

219,284

JFrog,

Ltd.

a

9,696,738

669,046

Knowles

Corporation

a

10,771,641

38,641

Littelfuse,

Inc.

9,364,646

43,637

Onto

Innovation,

Inc.

a

7,901,788

147,805

Plexus

Corporation

a

14,014,870

61,279

Silicon

Laboratories,

Inc.

a

8,807,018

72,239

Sprout

Social,

Inc.

a

4,313,391

1,560,480

TTM

Technologies,

Inc.

a

24,421,512

28,182

Universal

Display

Corporation

4,747,258

154,959

Varonis

Systems,

Inc.

a

7,309,416

75,938

Workiva,

Inc.

a

6,439,542

Total

164,541,095

Materials

(6.6%)

230,316

Alcoa

Corporation

7,782,377

96,549

Carpenter

Technology

Corporation

6,895,529

62,995

Greif,

Inc.

4,349,805

238,733

Ingevity

Corporation

a

11,387,564

824,189

Ivanhoe

Mines,

Ltd.

a

9,832,708

819,180

Tronox

Holdings

plc

14,212,773

50,991

United

States

Lime

&

Minerals,

Inc.

15,202,457

Total

69,663,213

Real

Estate

(5.2%)

184,454

Agree

Realty

Corporation

10,536,013

1,406,434

Cushman

and

Wakefield

plc

a

14,711,300

699,840

Independence

Realty

Trust,

Inc.

11,288,419

464,784

National

Storage

Affiliates

Trust

18,200,941

Total

54,736,673

Utilities

(2.2%)

94,634

ALLETE,

Inc.

5,643,972

78,164

Northwestern

Energy

Group,

Inc.

3,980,892

161,706

Portland

General

Electric

Company

6,791,652

Small

Cap

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

352

Shares

Common

Stock

(96.3%)

Value

Utilities

(2.2%)

-

continued

107,459

Spire,

Inc.

$

6,594,759

Total

23,011,275

Total

Common

Stock

(cost

$808,216,734)

1,013,066,129

Shares

Registered

Investment

Companies

(

1

.0

%

)

Value

U.S.

Unaffiliated  (1.0%)

109,194

SPDR

S&P

Biotech

ETF

b

10,361,418

Total

10,361,418

Total

Registered

Investment

Companies

(cost

$9,095,421)

10,361,418

Shares

Collateral

Held

for

Securities

Loaned

(

0

.5

%

)

Value

5,506,570

Thrivent

Cash

Management

Trust

5,506,570

Total

Collateral

Held

for

Securities

Loaned

(cost

$5,506,570)

5,506,570

Shares

Short-Term

Investments

(

2

.5

%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

2,609,766

5.590%

26,097,656

Total

Short-Term

Investments

(cost

$26,096,399)

26,097,656

Total

Investments

(cost

$848,915,124)

100.3%

$

1,055,031,773

Other

Assets

and

Liabilities,

Net

(0.3%)

(

3,568,738

)

Total

Net

Assets

100.0%

$

1,051,463,035

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Small

Cap

Stock

Portfolio

as

of

March

28,

2024:

Securities

Lending

Transactions

Common

Stock

$

5,389,752

Total

lending

$5,389,752

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$5,506,570

Net

amounts

due

to

counterparty

$116,818

Definitions:

ETF

-

Exchange

Traded

Fund

plc

-

Public

Limited

Company

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Small

Cap

Stock

Portfolio

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

353

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

March

28,

2024,

in

valuing

Small

Cap

Stock

Portfolio's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

15,232,809

15,232,809

–

–

Consumer

Discretionary

103,718,816

103,718,816

–

–

Consumer

Staples

66,194,494

66,194,494

–

–

Energy

39,005,668

39,005,668

–

–

Financials

164,501,245

164,501,245

–

–

Health

Care

73,288,240

73,288,240

–

–

Industrials

239,172,601

214,893,116

24,279,485

–

Information

Technology

164,541,095

164,541,095

–

–

Materials

69,663,213

59,830,505

9,832,708

–

Real

Estate

54,736,673

54,736,673

–

–

Utilities

23,011,275

23,011,275

–

–

Registered

Investment

Companies

U.S.

Unaffiliated

10,361,418

10,361,418

–

–

Subtotal

Investments

in

Securities

$

1,023,427,547

$

989,315,354

$

34,112,193

$

–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

26,097,656

Collateral

Held

for

Securities

Loaned

5,506,570

Subtotal

Other

Investments

$

31,604,226

Total

Investments

at

Value

$

1,055,031,773

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Portfolio's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Portfolio.

The

Portfolio

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Portfolio.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Small

Cap

Stock

Portfolio,

is

as

follows:

Portfolio

Value

12/31/2023

Gross

Purchases

Gross

Sales

Value

3/28/2024

Shares

Held

at

3/28/2024

%

of

Net

Assets

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$

30,694

$

36,363

$

40,959

$

26,098

2,610

2.5%

Total

Affiliated

Short-Term

Investments

30,694

26,098

2.5

Collateral

held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

9,934

74,915

79,342

5,507

5,507

0.5

Total

Collateral

Held

for

Securities

Loaned

9,934

5,507

0.5

Total

Value

$

40,628

$

31,605

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

1/1/2024

-

3/28/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.590%

$–

$–

$

–

$

309

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$

309

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

–

10

Total

Affiliated

Income

from

Securities

Loaned,

Net

$

10

Total

Value

$–

$–

$

–

Notes

to

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

354

SIGNIFICANT

ACCOUNTING

POLICIES

Valuation

of

Investments

—

The

Portfolios

record

their

investments

at

fair

value

using

market quotations

when

they

are

readily

available

pursuant

to Rule

2a-5. 

The

Portfolios'

investments

are

recorded

at

fair value

determined

in

good

faith

when

market

quotations

are

not

readily

available. 

Securities

traded

on

U.S.

or

foreign

securities

exchanges

or

included

in

a

national

market

system

are

valued

at

the last

sale price

on

the

principal exchange as

of the

close

of

regular

trading

on

such

exchange

or

the

official

closing

price

of

the

national

market

system. 

Over-the-counter

securities

and

listed

securities

for

which

no

price

is

readily

available

are

valued

at

the

current

bid

price

considered

best

to

represent

the

value

at

that

time. 

Security

prices

are

based

on

quotes

that

are

obtained

from

an

independent

pricing

service

approved

by

the

Fund's

Board

of

Directors

(the

“Board”).

The

pricing

service,

in

determining

values

of

fixed-income

securities,

takes

into

consideration

such

factors

as

current

quotations

by

broker/dealers,

coupon,

maturity,

quality,

type

of

issue,

trading

characteristics,

and

other

yield

and

risk

factors

it

deems

relevant

in

determining

valuations.

Securities

which

cannot

be

valued

by

the

approved

pricing

service

are

valued

using

valuations obtained from dealers

that

make

markets

in

the

securities.

Exchange-listed

options and

futures

contracts

are

valued

at

the

primary

exchange

settle

price. 

Exchange

cleared

swap

agreements

are

valued at the

clearinghouse

end

of

day

price. Swap

agreements

not

cleared

on

exchanges

will

be

valued

using

the

mid-price

from

the

primary

approved

pricing

service.  Forward

foreign

currency

exchange

contracts

are

marked-to-market

based

upon

foreign

currency

exchange rates

provided

by the

pricing

service. 

Investments

in

open-ended

mutual

funds

are

valued

at

their

net

asset

value

at

the

close

of

each

business

day.

Thrivent

Money

Market seeks

to

maintain

a

stable

net

asset

value

of

$1.00

per

share,

pursuant

to

procedures

established

by

the

Board,

and

generally

utilizes

the

amortized

cost

method.

Valuing

securities

held

by

Thrivent

Money

Market

on

the

basis

of

amortized

cost

(which

approximates

market

value)

involves

a

constant

amortization

of

premium

or

accretion

of

discount

to

maturity.

The

Thrivent

Money

Market

will

not

value

a

security

at

amortized

cost,

but

will

instead

make

a

fair

value

determination

of

each

security,

if

it

determines

that

amortized

cost

is

not

approximately

the

same

as

the

fair

value

of

the

security.

The

Board

has

chosen the

Portfolios'

Investment

Adviser

as

the

valuation

designee,

responsible

for

daily

valuation

of

the

Portfolios'

securities. 

The

Adviser

has

formed

a

Valuation

Committee

(the

“Committee”)

that

is

responsible

for

overseeing

the

Portfolios’

valuation

policies

in

accordance

with

Valuation

Policies

and

Procedures. 

The

Committee

meets

on

a

monthly

and

on

an

as-

needed

basis

to

review

price

challenges,

price

overrides,

stale

prices,

shadow

prices,

manual

prices,

money

market

pricing,

international

fair

valuation,

and

other

securities

requiring

fair

valuation.

Certain Portfolios

may

invest

in

Private

Equity Funds

("Private

Funds"),

which

are

fair

valued

by

the

Portfolios

pursuant

to

valuation

procedures

designed

by

the

Committee. Private

Funds

are

typically

valued

at

an

amount

equal

to

the

Net

Asset

Value

(NAV)

of

a

portfolio's

investment

in

the Private

Fund

when

this

information

is

readily

available

to

the

portfolio.

This

is

commonly

referred

to

as

using

the

NAV

as

a

practical

expedient,

which

allows

for

the

estimation

of

the

fair

value

of

an

investment

in

an

investment

company

based

on

the

NAV

of

the

investment

company,

if

it

is

calculated

in

a

manner

consistent

with

ASC

946.

The

Committee

has

determined

that

for

the Private

Funds

held

by

the

Portfolios,

if

the

NAV

of

the Private

Fund

is

not

readily

available

for

the

daily

pricing

needs

of

the

Portfolios,

the

Committee,

pursuant

to

the

valuation

procedures,

will

adjust

the

daily

value

of

the Private

Fund

via

a

model

utilizing

unobservable

inputs.

The

Committee

monitors

for

significant

events

occurring

prior

to

the

close

of

trading

on

the

New

York

Stock

Exchange

that

could

have

a

material

impact

on

the

value

of

any

securities

that

are

held

by

the

Portfolios. 

Examples

of

such

events

include

trading

halts,

national

news/events,

and

issuer-specific

developments. 

If

the

Committee

decides

that

such

events

warrant

using

fair

value

estimates,

the

Committee

will

take

such

events

into

consideration

in

determining

the

fair

value

of

such

securities. 

If

market

quotations

or

prices

are

not

readily

available

or

determined

to

be

unreliable,

the

securities

will

be

valued

at

fair

value

as

determined

in

good

faith

pursuant

to

procedures

adopted

by

the

Board.

In

accordance

with U.S.

Generally

Accepted

Accounting

Principles

(“GAAP”),

the

various

inputs

used

to

determine

the

fair

value

of

the

Portfolios’

investments

are

summarized

in

three

broad

levels.

Level

1

includes

quoted

prices

in

active

markets

for

identical

securities,

typically included

in

this

level

are

U.S.

equity

securities,

futures, options

and

registered

investment

company

funds.

Level

2

includes

other

significant

observable

inputs

such

as

quoted

prices

for

similar

securities,

interest

rates,

prepayment

speeds

and

credit

risk,

typically

included

in

this

level

are

fixed

income

securities,

international securities,

swaps

and

forward

contracts.

Level

3

includes

significant

unobservable

inputs

such

as

the

Adviser’s

own

assumptions

and

broker

evaluations

in

determining

the

fair

value

of

investments.

The

valuation

levels

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

these

securities

or

other

investments. 

Investments

measured

using

net

asset

value

per

share

as

a

practical

expedient

for

fair

value

and

that

are

not

publicly

available-for-sale are

not

categorized

within

the

fair

value

hierarchy. 

Valuation

of

International

Securities 

—

The

Portfolios

value

certain

foreign

securities

traded

on

foreign

exchanges

that

close

prior

to

the

close

of

the

New

York

Stock

Exchange

using

a

fair

value

pricing

service. 

The

fair

value

pricing

service

uses

a

multi-factor

model

that

may

take

into

account

the

local

close,

relevant

general

and

sector

indices,

currency

fluctuation,

prices

of

other

securities

(including

ADRs,

New

York

registered

shares,

and

ETFs),

and

futures,

as

applicable,

to

determine

price

adjustments

for

each

Notes

to

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

355

security

in

order

to

reflect

the

effects

of

post-closing

events. 

The

Board

has

authorized

the

Adviser

to

make

fair

valuation

determinations

pursuant

to

policies

approved

by

the

Board.

Foreign

Currency

Translation

—

The

accounting

records

of

each

Portfolio

are

maintained

in

U.S.

dollars.

Securities

and

other

assets

and

liabilities

that

are

denominated

in

foreign

currencies

are

translated

into

U.S.

dollars

at

the

daily

closing

rates

of

exchange.

Foreign

currency

amounts

related

to

the

purchase

or

sale

of

securities

and

income

and

expenses

are

translated

at

the

exchange

rate

on

the

transaction

date.

Net

realized

and

unrealized

currency

gains

and

losses

are

recorded

from

closed currency

contracts,

disposition

of foreign

currencies,

exchange

gains

or

losses

between

the

trade

date

and

settlement

date

on

securities

transactions,

and

other

translation

gains

or

losses

on

dividends,

interest

income

and

foreign

withholding

taxes.

The

Portfolios

do

not

separately

report

the

effect

of

changes

in

foreign

exchange

rates

from

changes

in

prices

on

securities

held.

Such

changes

are

included

in

net

realized

and

unrealized

gain

or

loss

from

investments

in

the

Statement

of

Operations.

For

federal

income

tax

purposes,

the

Portfolios

treat

the

effect

of

changes

in

foreign

exchange

rates

arising

from

actual

foreign

currency

transactions

and

the

changes

in

foreign

exchange

rates

between

the

trade

date

and

settlement

date

as

ordinary

income.

Foreign

Denominated

Investments

—

Foreign

denominated

assets

and

currency

contracts

may

involve

more

risks

than

domestic

transactions

including

currency

risk,

political

and

economic

risk,

regulatory

risk,

and

market

risk.

Certain

Portfolios

may

also

invest

in

securities

of

companies

located

in

emerging

markets.

Future

economic

or

political

developments

could

adversely

affect

the

liquidity

or

value,

or

both,

of

such

securities.

Derivative

Financial

Instruments

—

Each

of

the

Portfolios,

with

the

exception

of

the Money

Market,

may

invest

in

derivatives,

a

category

that

includes

options,

futures,

swaps,

foreign

currency

forward

contracts and

hybrid

instruments.

Derivatives

are

financial

instruments

whose

value

is

derived

from

another

security,

an

index

or

a

currency.

Each

applicable Portfolio

may

use

derivatives

for

hedging

(attempting

to

offset

a

potential

loss

in

one

position

by

establishing

an

interest

in

an

opposite

position).

This

includes

the

use

of

currency-based

derivatives

to

manage

the

risk

of

its

positions

in foreign

securities.

Each

applicable

Portfolio

may

also

use

derivatives

for

replication

of

a

certain

asset

class

or

speculation

(investing

for

potential

income

or

capital

gain).

These

contracts

may

be

transacted

on

an

exchange

or

over-the-counter

("OTC").

A

derivative

may

incur

a loss

if

the

value

of

the

derivative

decreases

due

to

an

unfavorable

change

in

the

market

rates

or

values

of

the

underlying

derivative.

Losses

can

also

occur

if

the

counterparty

does

not

perform

under

the

derivative

contract.

A

Portfolio’s

risk

of

loss

from

the

counterparty

credit

risk

on

OTC

derivatives

is

generally

limited

to

the

aggregate

unrealized

gain

netted

against

any

collateral

held

by

such

Portfolio.

With

exchange

traded

futures

and

centrally

cleared

swaps,

there

is

minimal

counterparty

credit

risk

to

the

Portfolios

because

the

exchange’s

clearinghouse,

as

counterparty

to

such

derivatives,

guarantees

against

a

possible

default.

The

clearinghouse

stands

between

the

buyer

and

the

seller

of

the

derivative;

thus,

the

credit

risk

is

limited

to

the

failure

of

the

clearinghouse.

However,

credit

risk

still

exists

in

exchange

traded

futures

and

centrally

cleared

swaps

with

respect

to

initial

and

variation

margin

that

is

held

in

a

broker’s

customer

accounts.

While

brokers

are

required

to

segregate

customer

margin

from

their

own

assets,

in

the

event

that

a

broker

becomes

insolvent

or

goes

into

bankruptcy

and

at

that

time

there

is

a

shortfall

in

the

aggregate

amount

of

margin

held

by

the

broker

for

all

its

clients,

U.S.

bankruptcy

laws

will

typically

allocate

that

shortfall

on

a

pro-rata

basis

across

all

of the

broker’s

customers,

potentially

resulting

in

losses to

the

Portfolios.

Using

derivatives

to

hedge

can

guard

against

potential

risks,

but

it

also

adds

to

the

Portfolios’

expenses

and

can

eliminate

some

opportunities

for

gains.

In

addition,

a

derivative

used

for

mitigating

exposure

or

replication

may

not

accurately

track

the

value

of

the

underlying

asset.

Another

risk

with

derivatives

is

that

some

types

can

amplify

a

gain

or

loss,

potentially

earning

or

losing

substantially

more

money

than

the

actual

cost

of

the

derivative.

In

order

to

define

their

contractual

rights

and

to

secure

rights

that

will

help

the

Portfolios

mitigate

their

counterparty

risk,

the

Portfolios

may

enter

into

an

International

Swaps

and

Derivatives

Association,

Inc.

Master

Agreement

(“ISDA

Master

Agreement”)

or

similar

agreement

with derivative

contract

counterparties.

An

ISDA

Master

Agreement

is

a

bilateral

agreement

between

a

Portfolio

and

a

counterparty

that

governs

OTC

derivatives

and

foreign

exchange

contracts

and

typically

includes,

among

other

things,

collateral

posting

terms

and

netting

provisions

in

the

event

of

a

default

and/or

termination

event.

Under

an

ISDA

Master

Agreement,

each

Portfolio

may,

under

certain

circumstances,

offset

with

the

counterparty

certain

derivatives'

payables

and/

or

receivables

with

collateral

held

and/or

posted

and

create

one

single

net

payment.

The

provisions

of

the

ISDA

Master

Agreement

typically

permit

a

single

net

payment

in

the

event

of

a

default

(close-out

netting)

including

the

bankruptcy

or

insolvency

of

the

counterparty.

Note,

however,

that

bankruptcy

and

insolvency

laws

of

a

particular

jurisdiction

may

impose

restrictions

on

or

prohibitions

against

the

right

of

offset

in

bankruptcy,

insolvency

or

other

events.

Collateral

and

margin

requirements

vary

by

type

of

derivative.

Margin

requirements

are

established

by

the

broker

or

clearinghouse

for

exchange

traded

and

centrally

cleared

derivatives

(futures,

options,

and

centrally

cleared

swaps).

Brokers

can

ask

for

margining

in

excess

of

the

minimum requirements

in

certain

situations.

Collateral

terms

are

contract

specific

for

OTC

derivatives

(foreign

currency

exchange

contracts,

options,

and swaps).

For

derivatives

traded

under

an

ISDA

Master

Agreement,

the

collateral

requirements

are

typically

calculated

by

netting

the

mark

to

market

amount

for

each

transaction

under

such

agreement

and

comparing

that

amount

to

the

value

of

any

collateral

currently

pledged

by

the

Portfolio

and

the

counterparty.

Notes

to

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

356

For

financial

reporting

purposes,

non-cash

collateral

that

has

been

pledged

to

cover

obligations

of

the

Portfolio

has

been

noted

in

the

Schedule

of

Investments.

To

the

extent

amounts

due

to a

Portfolio

from

its

counterparties

are

not

fully

collateralized,

contractually

or

otherwise,

the

Portfolio

bears

the

risk

of

loss

from

counterparty

nonperformance.

The

Portfolios

attempt

to

mitigate

counterparty

risk

by

only

entering

into

agreements

with

counterparties

that

they

believe

have

the

financial

resources

to

honor

their

obligations

and

by

monitoring

the

financial

stability

of

those

counterparties.

Options

—

All

Portfolios,

with

the

exception

of

the Money

Market,

may

buy

put

and

call

options

and

write

put

and

covered

call

options.

The

Portfolios

intend

to

use

such

derivative

instruments

as

hedges

to

facilitate

buying

or

selling

securities

or

to

provide

protection

against

adverse

movements

in

security

prices

or

interest

rates.

The

Portfolios

may

also

enter

into

options

contracts

to

protect

against

adverse

foreign

exchange

rate

fluctuations.

Option

contracts

are

valued

daily

and

unrealized

appreciation

or

depreciation

is

recorded.

A

Portfolio

will

realize

a

gain

or

loss

upon

expiration

or

closing

of

the

option

transaction.

When

an

option

is

exercised,

the

proceeds

upon

sale

for

a

written

call

option

or

the

cost

of

a

security

for

purchased

put

and

call

options

is

adjusted

by

the

amount

of

premium

received

or

paid.

Buying

put

options

tends

to

decrease

a

Portfolio’s

exposure

to

the

underlying

security

while

buying

call

options

tends

to

increase

a

Portfolio’s

exposure

to

the

underlying

security.

The

risk

associated

with

purchasing

put

and

call

options

is

limited

to

the

premium

paid.

There

is

no

significant

counterparty

risk

on

exchange-traded

options

as

the

exchange

guarantees

the

contract

against

default.

Writing

put

options

tends

to

increase

a

Portfolio’s

exposure

to

the

underlying

security

while

writing

call

options

tends

to

decrease

a

Portfolio’s

exposure

to

the

underlying

security.

The

writer

of

an

option

has

no

control

over

whether

the

underlying

security

may

be

bought

or

sold,

and

therefore

bears

the

market

risk

of

an

unfavorable

change

in

the

price

of

the

underlying

security.

The

counterparty

risk

for

purchased

options

arises

when

the

Portfolio

has

purchased

an

option,

exercises

that

option,

and

the

counterparty

doesn’t

buy

from

the

Portfolio

or

sell

to

the

Portfolio

the

underlying

asset

as

required.

In

the

case

where

the

Portfolio

has

written

an

option,

the

Portfolio

doesn’t

have

counterparty

risk.

Counterparty

risk

on

purchased

over-the-

counter

options

is

partially

mitigated

by

the

Portfolio’s

collateral

posting

requirements.

As

the

option

increases

in

value

to

the

Portfolio,

the

Portfolio

receives

collateral

from

the

counterparty.

Risks

of

loss

may

exceed

amounts

recognized

on

the

Statement

of

Assets

and

Liabilities.

Futures

Contracts

—

All

Portfolios, with

the

exception

of

the

Money

Market, may

use

futures

contracts

to

manage

the

exposure

to

interest

rate

and

market

or

currency

fluctuations.

Gains

or

losses

on

futures

contracts

can

offset

changes

in

the

yield

of

securities.

When

a

futures

contract

is

opened,

cash

or

other

investments

equal

to

the

required

“initial

margin

deposit”

are

held

on

deposit

with

and

pledged

to

the

broker.

Additional

securities

held

by

the

Portfolios

may

be

earmarked

to

cover

open

futures

contracts. A

futures

contract’s

daily

change

in

value

(“variation

margin”)

is

either

paid

to

or

received

from

the

broker,

and

is

recorded

as

an

unrealized

gain

or

loss.

When

the

contract

is

closed,

realized

gain

or

loss

is

recorded

equal

to

the

difference

between

the

value

of

the

contract

when

opened

and

the

value

of

the

contract

when

closed.

Futures

contracts

involve,

to

varying

degrees,

risk

of

loss

in

excess

of

the

variation

margin

disclosed

in

the

Statement

of

Assets

and

Liabilities.

Exchange-traded

futures

have

no

significant

counterparty

risk

as

the

exchange

guarantees

the

contracts

against

default.

During

the period

ended

March

28,

2024,

Aggressive

Allocation,

Balanced

Income

Plus,

Diversified

Income

Plus, Government

Bond, Income, Moderate

Allocation,

Moderately

Aggressive

Allocation,

Moderately

Conservative

Allocation, and Opportunity

Income

Plus used

treasury

futures

to

manage

the

duration

and

yield

curve

exposure

of

the

respective

Portfolio

versus its

benchmark.

During

the period

ended

March

28,

2024,

Aggressive

Allocation,

Balanced

Income

Plus,

Diversified

Income

Plus, ESG

Index,

Emerging

Markets

Equity,

Global

Stock, International

Allocation,

International

Index,

Large

Cap Index,

Low

Volatility

Equity,

Mid

Cap

Index,

Moderate

Allocation,

Moderately

Aggressive

Allocation,

Moderately

Conservative

Allocation,

Real

Estate

Securities,

and

Small

Cap

Index used

equity

futures

to

manage

exposure

to

the

equities

market.

During

the period

ended

March

28,

2024,

Aggressive

Allocation,

Balanced

Income

Plus,

Diversified

Income

Plus,

Moderate

Allocation,

Moderately

Aggressive

Allocation,

and

Moderately

Conservative

Allocation

used

foreign

exchange

futures

to

hedge

the

currency

risk.

Foreign

Currency

Forward

Contracts 

—

In

connection

with

purchases

and

sales

of

securities

denominated

in

foreign

currencies,

all

Portfolios,

with

the

exception

of

the Money

Market,

may

enter

into

foreign

currency

forward

contracts.

Additionally,

the

Portfolios

may

enter

into

such

contracts

to mitigate

currency

and

counterparty

exposure

to

other

foreign-currency-denominated

investments.

These

contracts

are

recorded

at

value

and

the realized-

and

change

in unrealized-

foreign

exchange

gains

and

losses

are

included

in

the

Statement

of

Operations.

In

the

event

that

counterparties

fail

to

settle

these

forward

contracts,

the

Portfolios

could

be

exposed

to

foreign

currency

fluctuations.

Foreign

currency

contracts

are

valued

daily

and

unrealized

appreciation

or

depreciation

is

recorded

daily

as

the

difference

between

the

contract

exchange

rate

and

the

closing

forward

rate

applied

to

the

face

amount

of

the

contract.

A

realized

gain

or

loss

is

recorded

at

the

time

a

forward

contract

is

closed.

These

contracts

are

over-the-counter

and a

Portfolio

is

exposed

to

counterparty

risk

equal

to

the

discounted

net

amount

of

payments

to

the

Portfolio.

Swap

Agreements

—

All

Portfolios,

with

the

exception

of

the

Money

Market,

may enter

into

swap

transactions,

which

involve

swapping

one

or

more

investment

characteristics

of

a

security

or

a

basket

of

securities

with

another

party.

Such

transactions

include

Notes

to

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

357

market

risk,

risk

of

default

by

the

other

party

to

the

transaction,

risk

of

imperfect

correlation

and

manager

risk

and

may

involve

commissions

or

other

costs.

Swap

transactions

generally

do

not

involve

delivery

of

securities,

other

underlying

assets

or

principal.

Accordingly,

the

risk

of

loss

with

respect

to

swap

transactions

is

generally

limited

to

the

net

amount

of

payments

that

the

Portfolio

is

contractually

obligated

to

make,

or

in

the

case

of

the

counterparty

defaulting,

the

net

amount

of

payments

that

the

Portfolio

is

contractually

entitled

to

receive.

Risks

of

loss

may

exceed

amounts

recognized

on

the

Statement

of

Assets

and

Liabilities.

If

there

is

a

default

by

the

counterparty,

the

Portfolio

may

have

contractual

remedies

pursuant

to

the

agreements

related

to

the

transaction.

The

contracts

are

valued

daily

and

unrealized

appreciation

or

depreciation

is

recorded.

Swap

agreements

are

valued

at

the

clearinghouse

end

of

day

prices

as

furnished

by

an

independent

pricing

service.

The

pricing

service

takes

into

account

such

factors

as

swap

curves,

default

probabilities,

recent

trades,

recovery

rates

and

other

factors

it

deems

relevant

in

determining

valuations.

Daily

fluctuations

in

the

value

of

the

centrally

cleared

credit

default

contracts

are

recorded

in

variation

margin

in

the

Statement

of

Assets

and

Liabilities

and

recorded

as

unrealized

gain

or

loss. 

The

Portfolio

accrues

for

the

periodic

payment

and

amortizes

upfront

payments,

if

any,

on

swap

agreements

on

a

daily

basis

with

the

net

amount

recorded

as

realized

gains

or

losses

in

the

Statement

of

Operations.

Receipts

and

payments

received

or

made

as

a

result

of

a

credit

event

or

termination

of

the

contract

are

also

recognized

as

realized

gains

or

losses

in

the

Statement

of

Operations.

Collateral,

in

the

form

of

cash

or

securities,

may

be

required

to

be

held

with

the

Portfolio’s

custodian,

or

a

third

party,

in

connection

with

these

agreements.

Certain swap

agreements

are

over-the-counter. In

these

types

of transactions,

the

Portfolio

is

exposed

to

counterparty

risk,

which

is

the

discounted

net

amount

of

payments

owed

to

the

Portfolio.

This

risk

is

partially

mitigated

by

the

Portfolio’s

collateral

posting

requirements.

As

the

swap

increases

in

value

to

the

Portfolio,

the

Portfolio

receives

collateral

from

the

counterparty. 

Certain

interest

rate

and

credit

default

index

swaps

must

be

cleared

through

a

clearinghouse

or

central

counterparty.

Credit

Default

Swaps

—

A

credit

default

swap

("CDS")

is

a

swap

agreement

between

two

parties

to

exchange

the

credit

risk

of

a

particular

issuer,

basket

of

securities

or

reference

entity.

In

a

CDS

transaction,

a

buyer

pays

periodic

fees

in

return

for

payment

by

the

seller

which

is

contingent

upon

an

adverse

credit

event

occurring

in

the

underlying

issuer

or

reference

entity.

The

seller

collects

periodic

fees

from

the

buyer

and

profits

if

the

credit

of

the

underlying

issuer

or

reference

entity

remains

stable

or

improves

while

the

swap

is

outstanding,

but

the

seller

in

a

CDS

contract

would

be

required

to

pay

the

amount

of

credit

loss,

determined

as

specified

in

the

agreement,

to

the

buyer

in

the

event

of

an

adverse

credit

event

in

the

reference

entity.

A

buyer

of

a

CDS

is

said

to

buy

protection

whereas

a

seller

of

a

CDS

is

said

to

sell

protection.

The

Portfolios

may

be

either

the

protection seller

or

the

protection

buyer.

Certain

Portfolios

enter

into

credit

default

derivative

contracts

directly

through

CDSs or

through

credit

default

swap

indices

("CDX

Indices").

CDX

indices

are

static

pools

of

equally

weighted

CDSs

referencing

corporate

bonds

and/or

loans

designed

to increase

or

decrease diversified

credit

exposure

to

these

asset

classes.

Portfolios

sell

default

protection

and

assume

long-risk

positions

in

individual

credits

or

indices.

Index

positions

are

entered

into

to

gain

exposure

to

the

corporate

bond

and/or

loan

markets

in

a

cost-efficient

and

diversified

structure.

In

the

event

that

a

position

defaults,

by

going

into

bankruptcy

and

failing

to

pay

interest

or

principal

on

borrowed

money,

within

any

given

CDX

Index

held,

the

maximum

potential

amount

of

future

payments

required

would

be

equal

to

the

pro-rata

share

of

that

position

within

the

index

based

on

the

notional

amount

of

the

index.

In

the

event

of

a

default

under

a

CDS

contract,

the

maximum

potential

amount

of

future

payments

would

be

the

notional

amount.

Portfolios

buy

default

protection

in

order

to reduce

their

overall

credit

exposure

to

the

corporate

bond

and/or

loan

markets

in

a

cost-efficient

and

diversified

structure. 

If

a

default

event

as

specified

in

the

CDS

reference

entity

agreement

occurs,

the

Portfolio

has

the

option

to

receive

a

cash

payment

in

exchange

for

the

credit

loss

of

the

reference

entity

obligation

as

of

the

date

of

the

credit

event. A

realized

gain

or

loss

is

recorded

upon

a

default

event

or

the

maturity

or

termination

of

the

CDS

agreement.   

For

CDS,

the

default

events

could

be

bankruptcy

and

failing

to

pay

interest

or

principal

on

borrowed

money

or

a

restructuring.

A

restructuring

is

a

change

in

the

underlying

obligations

which

could

include

a

reduction

in

interest

or

principal,

maturity

extension and

subordination

to

other

obligations.

During

the period

ended

March

28,

2024, Balanced

Income

Plus,

Diversified

Income

Plus,

High

Yield,

Income, Multidimensional

Income,

and

Opportunity

Income

Plus

used

CDX

indices

(comprised

of

CDSs)

to

help

manage

credit

risk

exposure

within

the

Portfolio.

Total

Rate

of

Return Swaps

—

A

total

rate

of

return

swap

is

a

swap

agreement

between

two

parties

to

exchange

the

total

return

of

a

particular

reference

asset. 

A

total

return

swap

involves

commitments

to

pay

interest

in

exchange

for

a

marked

linked

return

based

on

a

notional

amount. 

To

the

extent

that

the

total

return

of

the

security,

group

of

securities,

or

index

underlying

the

transactions

exceeds

or

falls

short

of

the

offsetting

interest

obligation,

the

Portfolios

will

receive

a

payment

from

or

make

a

payment

to

the

counterparty. 

The

Portfolios

may

take

a

"long"

or

"short"

position

with

respect

to

the

underlying

referenced

asset. 

During

the period

ended

March

28,

2024, Aggressive

Allocation

used total

rate

of

return

swaps to

achieve

exposure

to

asset

Notes

to

Schedule

of

Investments

as

of

March

28,

2024

(unaudited)

358

classes

where

liquid

future

contracts

do

not

exist or

where

pricing

of

the

swap

contract

is

more

attractive

than

the

futures

contract. 

For

financial

reporting

purposes,

the

Portfolios

do

not

offset

derivative

assets

and

derivative

liabilities

that

are

subject

to

netting

arrangements

in

the

Statement

of

Assets

and

Liabilities.

Bank Loans

(Leveraged Loans) 

—

Certain

Portfolios

may

invest

in

bank

loans,

which

are

senior

secured

loans

that

are

made

by

banks

or

other

lending

institutions

to

companies

that

are

typically

rated

below

investment

grade. 

A

Portfolio

may

invest

in

multiple

series

or

tranches

of

a

bank

loan,

with

varying

terms

and

different

associated

risks. 

Transactions

in

bank

loan

securities

may

settle

on

a

delayed

basis,

which

may

result

in

the

proceeds

of

the

sale

to

not

be

readily

available

for

a

Portfolio

to

make

additional

investments. 

Interest

rates

of

bank

loan

securities

typically

reset

periodically,

as

the

rates

are

tied

to

a

reference

index

rate, plus

a

premium. 

Income

is

recorded

daily

on

bank

loan

securities. 

On

an

ongoing

basis,

a

Portfolio

may

receive

a

commitment

fee

based

on

the

undrawn

portion

of

the

underlying

line

of

credit

of

the

bank

loan. 

This

commitment

fee

is

accrued

as

income

over

the

term

of

the

bank

loan. 

A

Portfolio

may

receive

consent

and

amendment

fees

for

accepting

an

amendment

to

the

current

terms

of

a

bank

loan. 

Consent

and

amendment

fees

are

accrued

as

income

when

the

changes

to

the

bank

loan

are

immaterial

and

to

capital

when

the

changes

are

material.

All

or

a

portion

of

these

bank

loan

commitments may

be

unfunded.

A

Portfolio

is

obligated

to

fund

these

commitments

at

the

borrower’s

discretion.

Therefore,

the

Portfolio

must

have

funds

sufficient

to

cover

its

contractual

obligation.

These

unfunded

bank

loan

commitments,

which

are

marked-to-market

daily,

are

presented

in

the

Schedule

of

Investments

and

included

in

Payable

for

investments

purchased

on

a

delayed-delivery

basis

on

the

Statement

of

Assets

and

Liabilities.

Private

Equity

Funds

— 

Typically,

when

a

Portfolio

invests

in

a

Private

Equity

Fund,

the Portfolio

makes

a

commitment

to

invest

a

specified

amount

of

capital

in

the

applicable

Private

Equity

Fund.

The

capital

commitment

may

be

drawn

by

the

general

partner

of

the

Private

Equity

Fund

either

all

at

once

or

through

a

series

of

capital

calls

at

the

discretion

of

the

general

partner.

Thus,

an

unfunded

capital

commitment

represents

the

portion

of

the

Portfolio’s

overall

capital

commitment

that

has

not

yet

been

called

by

the

general

partner.

Unfunded

commitments

may

subject

the Portfolio

to

certain

risks.

For

example,

the Portfolio

may

be

required

to:

liquidate

other

portfolio

investments,

potentially

at

inopportune

times,

to

obtain

the

cash

needed

to

satisfy

its

obligations

with

respect

to

a

capital

call

or

borrow

under

a

credit

facility

which

may

result

in

additional

expenses

to

the

Portfolio.

Management

recognizes

these

risks

as

potentially

detrimental

to

the

overall

strategy

and

so

the

Fund

will

generally

maintain

with

its

custodian

cash

and/or,

liquid

investments

having

an

aggregate

value

at

least

equal

to

the

par

value

of

unfunded

capital

commitments. 

As

of

March

28,

2024,

the

unfunded

capital

commitments

were

as

follows:

Additional

information

for

the

Portfolio's

policy

regarding

valuation

of

investments

and

other

significant

accounting

policies

can

be

obtained

by

referring

to

the

Portfolio's

most

recent

annual

or

semiannual

shareholder

report.

Portfolio

Total

Commitments

Unfunded

Commitments

Percent

Funded

Aggressive

Allocation

62,000,000

52,621,815

15.13%

Moderate

Allocation

161,000,000

138,494,459

13.98%

Moderately

Aggressive

Allocation

141,000,000

121,471,730

13.85%

Moderately

Conservative

Allocation

67,000,000

57,884,769

13.60%

431,000,000

370,472,773

14.04%