Alpha Opportunity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 107.1%
Consumer, Non-cyclical - 33.8%
Molson Coors Beverage Co. — Class B1		10,298	$	465,367
Philip Morris International, Inc.1		5,367		444,334
Amgen, Inc.1		1,892		435,009
Merck & Company, Inc.		5,176		423,397
General Mills, Inc.1		6,780		398,664
Colgate-Palmolive Co.1		4,544		388,558
Johnson & Johnson1		2,444		384,637
Kraft Heinz Co.		10,927		378,730
Kimberly-Clark Corp.1		2,647		356,895
McKesson Corp.1		2,022		351,666
Procter & Gamble Co.1		2,438		339,223
DaVita, Inc.*		2,868		336,703
Cardinal Health, Inc.1		5,998		321,253
Altria Group, Inc.1		7,794		319,554
Campbell Soup Co.		6,405		309,682
UnitedHealth Group, Inc.		851		298,429
J M Smucker Co.1		2,565		296,514
United Rentals, Inc.*,1		1,241		287,800
United Therapeutics Corp.*		1,728		262,293
Quanta Services, Inc.		3,344		240,835
Ingredion, Inc.		2,929		230,424
Conagra Brands, Inc.		6,195		224,631
Laboratory Corporation of America Holdings*		1,045		212,710
Jazz Pharmaceuticals plc*		1,267		209,118
Tyson Foods, Inc. — Class A		3,195		205,886
CVS Health Corp.		2,977		203,329
Post Holdings, Inc.*		1,982		200,202
Pfizer, Inc.1		5,349		196,897
Gilead Sciences, Inc.		3,179		185,208
Rent-A-Center, Inc.		4,713		180,461
Humana, Inc.		426		174,775
John B Sanfilippo & Son, Inc.		2,211		174,359
Anthem, Inc.		534		171,462
Mondelez International, Inc. — Class A		2,829		165,411
Eli Lilly & Co.1		953		160,904
Sprouts Farmers Market, Inc.*		7,778		156,338
Cigna Corp.		742		154,470
TreeHouse Foods, Inc.*		3,556		151,094
Constellation Brands, Inc. — Class A		628		137,563
Encompass Health Corp.		1,593		131,725
Bristol-Myers Squibb Co.		2,077		128,836
Vector Group Ltd.		11,021		128,395
Alexion Pharmaceuticals, Inc.*,1		810		126,554
Molina Healthcare, Inc.*		590		125,481
Innoviva, Inc.*		9,698		120,158
Ionis Pharmaceuticals, Inc.*		1,914		108,218
Chemed Corp.		203		108,120
Alkermes plc*		5,325		106,234
Hill-Rom Holdings, Inc.		1,059		103,750
Hologic, Inc.*		1,396		101,671
AbbVie, Inc.		924		99,007
Medtronic plc1		837		98,046
USANA Health Sciences, Inc.*		1,260		97,146
Clorox Co.		481		97,124
Kellogg Co.		1,529		95,150
Prestige Consumer Healthcare, Inc.*		2,628		91,638
Total Consumer, Non-cyclical				12,402,038
Industrial - 14.9%
Hubbell, Inc.1		2,239		351,053
TE Connectivity Ltd.		2,592		313,813
AGCO Corp.1		2,987		307,930
Snap-on, Inc.1		1,753		300,009
Vishay Intertechnology, Inc.		13,701		283,748
Masco Corp.1		4,457		244,823
Oshkosh Corp.		2,489		214,228
Timken Co.		2,722		210,574
Arrow Electronics, Inc.*		2,154		209,584
Caterpillar, Inc.1		1,122		204,226
Waters Corp.*,1		787		194,720
3M Co.		1,112		194,366
General Dynamics Corp.		1,296		192,871
Lincoln Electric Holdings, Inc.1		1,583		184,024
Garmin Ltd.		1,537		183,917
Lockheed Martin Corp.		494		175,360
Regal Beloit Corp.		1,351		165,916
Keysight Technologies, Inc.*		1,253		165,509
Terex Corp.		4,059		141,619
Owens Corning		1,848		140,004
Acuity Brands, Inc.		1,067		129,203
Energizer Holdings, Inc.		2,973		125,401
Eaton Corporation plc		1,040		124,946
National Instruments Corp.		2,577		113,233
Pentair plc		2,065		109,631
PerkinElmer, Inc.		752		107,912
Dover Corp.		778		98,222
A O Smith Corp.		1,776		97,360
Trane Technologies plc		643		93,338
Lennox International, Inc.		313		85,753
Total Industrial				5,463,293
Technology - 13.5%
International Business Machines Corp.1		3,892		489,925
Cerner Corp.1		5,572		437,291
SS&C Technologies Holdings, Inc.1		5,971		434,390
Seagate Technology plc		6,311		392,292
NetApp, Inc.		5,118		339,016
Texas Instruments, Inc.		2,023		332,035
Intel Corp.1		6,628		330,207
Oracle Corp.1		4,571		295,698
HP, Inc.		10,602		260,703
CDK Global, Inc.		4,572		236,967
KLA Corp.		863		223,439
Apple, Inc.		1,471		195,187
Skyworks Solutions, Inc.		1,101		168,321
Dell Technologies, Inc. — Class C*		2,194		160,798
Cirrus Logic, Inc.*		1,870		153,714
Applied Materials, Inc.		1,638		141,360
Paychex, Inc.		1,372		127,843
Kulicke & Soffa Industries, Inc.		3,898		123,995
Microchip Technology, Inc.		855		118,084
Total Technology				4,961,265
Utilities - 12.1%
IDACORP, Inc.		4,162		399,677

Alpha Opportunity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 107.1% (continued)
Utilities - 12.1% (continued)
Evergy, Inc.		6,924	$	384,351
Public Service Enterprise Group, Inc.1		6,473		377,376
Ameren Corp.		4,522		352,987
Exelon Corp.1		8,094		341,729
PPL Corp.1		11,828		333,550
Duke Energy Corp.		3,407		311,945
Southern Co.		3,984		244,737
OGE Energy Corp.1		6,868		218,814
UGI Corp.		5,912		206,684
NiSource, Inc.		7,862		180,354
Consolidated Edison, Inc.		2,469		178,435
ONE Gas, Inc.		2,221		170,506
Southwest Gas Holdings, Inc.		2,571		156,188
CenterPoint Energy, Inc.		7,099		153,622
National Fuel Gas Co.		3,216		132,274
NorthWestern Corp.		1,914		111,605
Avista Corp.		2,601		104,404
Portland General Electric Co.1		2,215		94,736
Total Utilities				4,453,974
Consumer, Cyclical - 11.7%
Gentex Corp.1		13,457		456,596
Best Buy Company, Inc.		3,798		379,003
Gentherm, Inc.*		5,621		366,602
Allison Transmission Holdings, Inc.1		7,380		318,299
Genuine Parts Co.		3,051		306,412
Autoliv, Inc.1		3,115		286,892
Lowe's Companies, Inc.		1,625		260,829
PACCAR, Inc.		2,614		225,536
AutoZone, Inc.*		187		221,677
Lear Corp.		1,310		208,329
AutoNation, Inc.*		2,546		177,685
PulteGroup, Inc.		3,840		165,581
Brunswick Corp.1		2,147		163,687
Lennar Corp. — Class A		2,140		163,132
Cummins, Inc.		707		160,560
Meritage Homes Corp.*		1,455		120,503
MSC Industrial Direct Company, Inc. — Class A		1,418		119,665
Dolby Laboratories, Inc. — Class A		1,062		103,152
Hanesbrands, Inc.		6,829		99,567
Total Consumer, Cyclical				4,303,707
Communications - 11.1%
Cisco Systems, Inc.1		11,375		509,031
Verizon Communications, Inc.1		7,942		466,592
Viavi Solutions, Inc.*		26,202		392,375
T-Mobile US, Inc.*		2,752		371,107
Juniper Networks, Inc.1		14,236		320,452
Sirius XM Holdings, Inc.		48,019		305,881
Cogent Communications Holdings, Inc.		4,218		252,532
AT&T, Inc.1		8,635		248,343
Omnicom Group, Inc.1		3,717		231,829
Motorola Solutions, Inc.		1,192		202,712
VeriSign, Inc.*		893		193,245
Ciena Corp.*		3,285		173,612
eBay, Inc.		3,401		170,900
Discovery, Inc. — Class A*		4,563		137,301
Alphabet, Inc. — Class C*		54		94,602
Total Communications				4,070,514
Financial - 10.0%
Allstate Corp.1		4,613		507,107
MetLife, Inc.1		9,976		468,373
Highwoods Properties, Inc. REIT		8,160		323,381
Berkshire Hathaway, Inc. — Class B*		1,371		317,894
Equity Residential REIT		4,583		271,680
Travelers Companies, Inc.		1,860		261,088
Piedmont Office Realty Trust, Inc. — Class A REIT		13,833		224,510
Western Union Co.		9,938		218,040
Hartford Financial Services Group, Inc.		3,731		182,744
Ameriprise Financial, Inc.		878		170,622
Aflac, Inc.		3,731		165,918
Synchrony Financial		4,321		149,982
SEI Investments Co.		2,133		122,583
Bank of America Corp.1		3,373		102,236
JPMorgan Chase & Co.		789		100,258
M&T Bank Corp.		781		99,421
Total Financial				3,685,837
Total Common Stocks
(Cost $35,689,651)				39,340,628
MONEY MARKET FUND† - 2.7%
Goldman Sachs Financial Square Treasury Instruments Fund — Institutional Shares, 0.01%2		981,698		981,698
Total Money Market Fund
(Cost $981,698)				981,698
Total Investments - 109.8%
(Cost $36,671,349)			$	40,322,326
Other Assets & Liabilities, net - (9.8)%				(3,591,224	)
Total Net Assets - 100.0%			$	36,731,102

Alpha Opportunity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Custom Basket Swap Agreements
Counterparty	Reference Obligation	Financing Rate Pay (Receive)	Payment Frequency	Maturity Date	Notional Amount		Value and Unrealized Appreciation (Depreciation)
OTC Custom Basket Swap Agreements ††
Morgan Stanley Capital Services LLC	MS Equity Custom Basket	0.49% (Federal Funds Rate + 0.40%)	At Maturity	02/01/24	$	3,005,228	$	375,688
Goldman Sachs International	GS Equity Custom Basket	0.54% (Federal Funds Rate + 0.45%)	At Maturity	05/06/24		3,005,235		371,415
					$	6,010,463	$	747,103
OTC Custom Basket Swap Agreements Sold Short ††
Goldman Sachs International	GS Equity Custom Basket	(0.11)% (Federal Funds Rate - 0.20%)	At Maturity	05/06/24	$	14,402,838	$	(2,069,596	)
Morgan Stanley Capital Services LLC	MS Equity Custom Basket	(0.21)% (Federal Funds Rate - 0.30%)	At Maturity	02/01/24		14,402,838		(2,094,339	)
					$	28,805,676	$	(4,163,935	)

MS EQUITY LONG CUSTOM BASKET
	Shares	Percentage Notional Amount	Value and Unrealized Appreciation (Depreciation)
Industrial
TE Connectivity Ltd.	197	0.77%	$	7,784
AGCO Corp.	227	0.76%		7,216
Snap-on, Inc.	133	0.76%		7,199
Timken Co.	207	0.53%		5,988
Vishay Intertechnology, Inc.	1,044	0.72%		5,736
Caterpillar, Inc.	85	0.51%		5,709
Regal Beloit Corp.	103	0.42%		5,489
Owens Corning	140	0.35%		5,007
Garmin Ltd.	117	0.47%		4,356
Lincoln Electric Holdings, Inc.	120	0.46%		4,049
Hubbell, Inc.	170	0.89%		3,777
Terex Corp.	309	0.36%		3,621
Waters Corp.	60	0.49%		3,012
Arrow Electronics, Inc.	164	0.53%		2,791
Oshkosh Corp.	189	0.54%		2,540
Eaton Corporation plc	79	0.32%		1,981
Acuity Brands, Inc.	81	0.33%		1,738
National Instruments Corp.	196	0.29%		1,474
Keysight Technologies, Inc.	95	0.42%		1,307
Trane Technologies plc	49	0.24%		1,187
Pentair plc	157	0.28%		1,144
Dover Corp.	59	0.25%		1,043
PerkinElmer, Inc.	57	0.27%		933
A O Smith Corp.	135	0.25%		837
Energizer Holdings, Inc.	226	0.32%		594
Lennox International, Inc.	23	0.21%		176
3M Co.	84	0.49%		(112	)
Masco Corp.	339	0.62%		(302	)
General Dynamics Corp.	98	0.49%		(406	)
Lockheed Martin Corp.	37	0.44%		(1,082	)
Total Industrial				84,786
Utilities
Southern Co.	303	0.62%		2,258
Public Service Enterprise Group, Inc.	493	0.96%		2,052
Exelon Corp.	617	0.87%		1,993
CenterPoint Energy, Inc.	541	0.39%		1,555
NorthWestern Corp.	145	0.28%		1,397
IDACORP, Inc.	317	1.01%		1,338
UGI Corp.	450	0.52%		1,205
OGE Energy Corp.	523	0.55%		669
Evergy, Inc.	527	0.97%		484
Ameren Corp.	344	0.89%		328
Avista Corp.	198	0.26%		54
ONE Gas, Inc.	169	0.43%		(172	)
PPL Corp.	901	0.85%		(230	)
Portland General Electric Co.	168	0.24%		(463	)
NiSource, Inc.	599	0.46%		(565	)
Consolidated Edison, Inc.	188	0.45%		(839	)
National Fuel Gas Co.	245	0.34%		(924	)
Duke Energy Corp.	259	0.79%		(1,142	)
Southwest Gas Holdings, Inc.	196	0.40%		(2,479	)
Total Utilities				6,519
Technology
NetApp, Inc.	390	0.86%		9,465
Texas Instruments, Inc.	154	0.84%		7,025
CDK Global, Inc.	348	0.60%		5,639
HP, Inc.	808	0.66%		5,514
Seagate Technology plc	481	0.99%		5,508
SS&C Technologies Holdings, Inc.	455	1.10%		5,469
KLA Corp.	65	0.56%		4,830
Applied Materials, Inc.	124	0.36%		4,158
Oracle Corp.	348	0.75%		3,909
Cerner Corp.	424	1.11%		3,889
Cirrus Logic, Inc.	142	0.39%		2,675
Microchip Technology, Inc.	65	0.30%		2,509
Kulicke & Soffa Industries, Inc.	297	0.31%		2,280
Apple, Inc.	112	0.49%		1,980
Skyworks Solutions, Inc.	84	0.43%		1,152
International Business Machines Corp.	296	1.24%		619
Dell Technologies, Inc. — Class C	167	0.41%		498
Paychex, Inc.	104	0.32%		(27	)
Intel Corp.	505	0.84%		(2,692	)
Total Technology				64,400
Communications
Viavi Solutions, Inc.	1,997	1.00%		6,667
T-Mobile US, Inc.	209	0.94%		5,131
Cisco Systems, Inc.	867	1.29%		3,729
Ciena Corp.	250	0.44%		3,138
Omnicom Group, Inc.	283	0.59%		2,918
Verizon Communications, Inc.	605	1.18%		2,788
Alphabet, Inc. — Class C	4	0.23%		2,401
Motorola Solutions, Inc.	90	0.51%		1,327
Discovery, Inc. — Class A	347	0.35%		1,015
VeriSign, Inc.	68	0.49%		1,006
Cogent Communications Holdings, Inc.	321	0.64%		821
Sirius XM Holdings, Inc.	3,660	0.78%		258
Juniper Networks, Inc.	1,085	0.81%		180
eBay, Inc.	259	0.43%		(259	)
AT&T, Inc.	857	0.82%		(7,111	)
Total Communications				24,009
Consumer, Non-cyclical
United Rentals, Inc.	95	0.73%		10,097
McKesson Corp.	154	0.89%		8,964
Rent-A-Center, Inc.	359	0.46%		7,321
DaVita, Inc.	218	0.85%		7,046
Molson Coors Beverage Co. — Class B	785	1.18%		5,769
United Therapeutics Corp.	131	0.66%		5,558
Quanta Services, Inc.	254	0.61%		5,021
Johnson & Johnson	186	0.97%		4,974
Cardinal Health, Inc.	457	0.81%		4,814
Amgen, Inc.	144	1.10%		4,526
Eli Lilly & Co.	72	0.40%		4,483
Colgate-Palmolive Co.	346	0.98%		4,120
Jazz Pharmaceuticals plc	96	0.53%		3,606
UnitedHealth Group, Inc.	64	0.75%		3,559
Alexion Pharmaceuticals, Inc.	61	0.32%		3,330
Procter & Gamble Co.	185	0.86%		3,242
Philip Morris International, Inc.	409	1.13%		2,836

Alpha Opportunity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares	Percentage Notional Amount	Value and Unrealized Appreciation (Depreciation)
Kraft Heinz Co.	833	0.96%	$	2,783
Anthem, Inc.	40	0.43%		2,626
Cigna Corp.	56	0.39%		2,513
Medtronic plc	63	0.25%		1,693
Molina Healthcare, Inc.	44	0.31%		1,597
Post Holdings, Inc.	151	0.51%		1,476
Constellation Brands, Inc. — Class A	47	0.34%		1,441
Pfizer, Inc.	407	0.50%		1,429
Mondelez International, Inc. — Class A	215	0.42%		1,172
Tyson Foods, Inc. — Class A	243	0.52%		1,003
Chemed Corp.	15	0.27%		947
Conagra Brands, Inc.	472	0.57%		704
Kellogg Co.	116	0.24%		696
Altria Group, Inc.	594	0.81%		605
Innoviva, Inc.	739	0.30%		595
Hill-Rom Holdings, Inc.	80	0.26%		578
Hologic, Inc.	106	0.26%		563
J M Smucker Co.	281	1.08%		555
Alkermes plc	406	0.27%		523
Ionis Pharmaceuticals, Inc.	145	0.27%		394
Merck & Company, Inc.	394	1.07%		360
Laboratory Corporation of America Holdings	79	0.54%		338
USANA Health Sciences, Inc.	96	0.25%		228
AbbVie, Inc.	70	0.25%		211
Bristol-Myers Squibb Co.	158	0.33%		140
Encompass Health Corp.	121	0.33%		96
Clorox Co.	36	0.24%		62
Campbell Soup Co.	488	0.79%		48
Prestige Consumer Healthcare, Inc.	200	0.23%		(28	)
CVS Health Corp.	227	0.52%		(44	)
Vector Group Ltd.	840	0.33%		(52	)
TreeHouse Foods, Inc.	271	0.38%		(106	)
Humana, Inc.	32	0.44%		(123	)
Sprouts Farmers Market, Inc.	592	0.40%		(554	)
General Mills, Inc.	516	1.01%		(574	)
John B Sanfilippo & Son, Inc.	168	0.44%		(796	)
Kimberly-Clark Corp.	201	0.90%		(848	)
Ingredion, Inc.	223	0.58%		(1,458	)
Gilead Sciences, Inc.	242	0.47%		(3,094	)
Total Consumer, Non-cyclical				106,965
Consumer, Cyclical
Gentherm, Inc.	428	0.93%		12,932
Autoliv, Inc.	237	0.73%		8,570
Gentex Corp.	1,025	1.16%		8,088
Lear Corp.	99	0.52%		7,094
Cummins, Inc.	53	0.40%		4,159
Brunswick Corp.	163	0.41%		3,104
Hanesbrands, Inc.	520	0.25%		2,775
Dolby Laboratories, Inc. — Class A	80	0.26%		2,499
Allison Transmission Holdings, Inc.	562	0.81%		2,443
MSC Industrial Direct Company, Inc. — Class A	108	0.30%		2,420
Genuine Parts Co.	232	0.78%		1,028
AutoNation, Inc.	194	0.45%		935
PACCAR, Inc.	199	0.57%		743
Lowe's Companies, Inc.	123	0.66%		621
AutoZone, Inc.	14	0.55%		546
Lennar Corp. — Class A	163	0.41%		(157	)
PulteGroup, Inc.	292	0.42%		(272	)
Meritage Homes Corp.	110	0.30%		(859	)
Best Buy Company, Inc.	289	0.96%		(2,534	)
Total Consumer, Cyclical				54,135
Financial
MetLife, Inc.	761	1.19%		6,315
Allstate Corp.	351	1.28%		4,757
Travelers Companies, Inc.	141	0.66%		3,629
Hartford Financial Services Group, Inc.	284	0.46%		3,442
Synchrony Financial	329	0.38%		3,030
Aflac, Inc.	284	0.42%		2,372
Ameriprise Financial, Inc.	66	0.43%		2,310
JPMorgan Chase & Co.	60	0.25%		1,872
Western Union Co.	757	0.55%		1,584
Equity Residential	349	0.69%		1,448
Berkshire Hathaway, Inc. — Class B	104	0.80%		1,358
M&T Bank Corp.	59	0.25%		1,311
Bank of America Corp.	257	0.26%		966
Highwoods Properties, Inc.	622	0.82%		830
SEI Investments Co.	162	0.31%		120
Piedmont Office Realty Trust, Inc. — Class A	1,054	0.57%		(470	)
Total Financial				34,874
Total MS Equity Long Custom Basket			$	375,688

MS EQUITY SHORT CUSTOM BASKET
	Shares	Percentage Notional Amount	Value and Unrealized Appreciation (Depreciation)
Basic Materials
Huntsman Corp.	5,096	(0.89)%	$	4,878
Newmont Corp.	1,133	(0.47)%		1,744
Sherwin-Williams Co.	98	(0.50)%		205
Ecolab, Inc.	253	(0.38)%		(9,750	)
Ashland Global Holdings, Inc.	1,946	(1.07)%		(10,308	)
Axalta Coating Systems Ltd.	3,360	(0.67)%		(13,824	)
DuPont de Nemours, Inc.	2,805	(1.38)%		(14,068	)
PPG Industries, Inc.	583	(0.58)%		(18,062	)
Air Products and Chemicals, Inc.	983	(1.86)%		(25,464	)
Celanese Corp. — Class A	1,089	(0.98)%		(32,433	)
Freeport-McMoRan, Inc.	2,415	(0.44)%		(36,901	)
Balchem Corp.	1,994	(1.60)%		(43,968	)
RPM International, Inc.	2,395	(1.51)%		(47,105	)
Linde plc	1,083	(1.98)%		(52,702	)
Albemarle Corp.	1,076	(1.10)%		(84,403	)
Quaker Chemical Corp.	734	(1.29)%		(85,289	)
United States Steel Corp.	10,166	(1.18)%		(96,305	)
Total Basic Materials				(563,755	)

Alpha Opportunity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares	Percentage Notional Amount	Value and Unrealized Appreciation (Depreciation)
Financial
UDR, Inc.	2,415	(0.64)%	$	22,787
Realty Income Corp.	3,550	(1.53)%		20,300
Kilroy Realty Corp.	2,378	(0.95)%		19,927
Global Net Lease, Inc.	4,453	(0.53)%		7,868
JBG SMITH Properties	3,636	(0.79)%		7,358
Douglas Emmett, Inc.	1,657	(0.34)%		6,851
QTS Realty Trust, Inc. — Class A	1,226	(0.53)%		3,397
Truist Financial Corp.	1,153	(0.38)%		804
First Industrial Realty Trust, Inc.	2,447	(0.72)%		797
Host Hotels & Resorts, Inc.	3,696	(0.38)%		547
Agree Realty Corp.	3,340	(1.54)%		540
Crown Castle International Corp.	277	(0.31)%		349
Americold Realty Trust	2,124	(0.55)%		329
American Tower Corp. — Class A	201	(0.31)%		(1	)
Camden Property Trust	1,020	(0.71)%		(161	)
Fulton Financial Corp.	4,226	(0.37)%		(2,093	)
CyrusOne, Inc.	1,305	(0.66)%		(2,246	)
Prologis, Inc.	1,459	(1.01)%		(2,335	)
First Midwest Bancorp, Inc.	4,979	(0.55)%		(2,701	)
Southside Bancshares, Inc.	2,891	(0.62)%		(3,385	)
Duke Realty Corp.	2,271	(0.63)%		(3,873	)
Howard Hughes Corp.	976	(0.53)%		(3,886	)
Healthpeak Properties, Inc.	3,516	(0.74)%		(4,693	)
TFS Financial Corp.	4,164	(0.51)%		(5,781	)
STAG Industrial, Inc.	1,858	(0.40)%		(9,636	)
Rayonier, Inc.	3,444	(0.70)%		(9,749	)
First Financial Bankshares, Inc.	3,031	(0.76)%		(10,024	)
Healthcare Trust of America, Inc. — Class A	3,892	(0.74)%		(10,480	)
Alleghany Corp.	298	(1.25)%		(11,175	)
SBA Communications Corp.	162	(0.32)%		(11,224	)
Intercontinental Exchange, Inc.	1,024	(0.82)%		(12,171	)
Loews Corp.	1,965	(0.61)%		(12,933	)
Brookline Bancorp, Inc.	8,990	(0.75)%		(13,484	)
Medical Properties Trust, Inc.	6,363	(0.96)%		(13,497	)
EastGroup Properties, Inc.	802	(0.77)%		(16,128	)
Equinix, Inc.	149	(0.74)%		(17,435	)
Alexandria Real Estate Equities, Inc.	774	(0.96)%		(18,185	)
Terreno Realty Corp.	1,606	(0.65)%		(26,911	)
Sun Communities, Inc.	1,069	(1.13)%		(34,632	)
Rexford Industrial Realty, Inc.	3,611	(1.23)%		(41,690	)
First Republic Bank	1,320	(1.35)%		(54,611	)
Total Financial				(263,266	)
Technology
Splunk, Inc.	533	(0.63)%		7,608
NVIDIA Corp.	107	(0.39)%		(6,267	)
salesforce.com, Inc.	347	(0.54)%		(7,212	)
Appfolio, Inc. — Class A	254	(0.32)%		(8,549	)
Clarivate plc	3,050	(0.63)%		(8,938	)
Pegasystems, Inc.	860	(0.80)%		(10,831	)
Tyler Technologies, Inc.	168	(0.51)%		(12,954	)
Atlassian Corporation plc — Class A	262	(0.43)%		(14,856	)
ANSYS, Inc.	355	(0.90)%		(15,761	)
Rapid7, Inc.	990	(0.62)%		(17,407	)
Coupa Software, Inc.	147	(0.35)%		(17,677	)
Smartsheet, Inc. — Class A	724	(0.35)%		(17,972	)
Workiva, Inc.	502	(0.32)%		(25,305	)
Zscaler, Inc.	264	(0.37)%		(32,467	)
HubSpot, Inc.	187	(0.51)%		(39,675	)
Varonis Systems, Inc.	908	(1.03)%		(43,577	)
Total Technology				(271,840	)
Consumer, Non-cyclical
Nevro Corp.	812	(0.98)%		(2,070	)
Moody's Corp.	409	(0.82)%		(7,526	)
Verisk Analytics, Inc. — Class A	504	(0.73)%		(9,252	)
CoStar Group, Inc.	135	(0.87)%		(12,219	)
WD-40 Co.	288	(0.53)%		(12,240	)
Equifax, Inc.	799	(1.07)%		(22,563	)
Avalara, Inc.	279	(0.32)%		(24,613	)
Avery Dennison Corp.	557	(0.60)%		(25,849	)
Total Consumer, Non-cyclical				(116,332	)
Energy
Williams Companies, Inc.	3,616	(0.50)%		1,636
Cheniere Energy, Inc.	1,431	(0.60)%		(1,733	)
Ovintiv, Inc.	6,873	(0.69)%		(6,742	)
NOV, Inc.	4,001	(0.38)%		(9,062	)
Phillips 66	2,745	(1.33)%		(9,092	)
ChampionX Corp.	6,677	(0.71)%		(9,811	)
Hess Corp.	2,125	(0.78)%		(13,059	)
Schlumberger N.V.	8,394	(1.27)%		(24,345	)
Total Energy				(72,208	)
Consumer, Cyclical
United Airlines Holdings, Inc.	1,709	(0.51)%		1,486
Alaska Air Group, Inc.	2,397	(0.87)%		563
JetBlue Airways Corp.	6,350	(0.64)%		(16,030	)
Five Below, Inc.	415	(0.50)%		(18,921	)
Delta Air Lines, Inc.	3,500	(0.98)%		(21,837	)
Live Nation Entertainment, Inc.	1,134	(0.58)%		(24,338	)
Southwest Airlines Co.	3,422	(1.11)%		(25,002	)
Hilton Worldwide Holdings, Inc.	1,384	(1.07)%		(27,169	)
TJX Companies, Inc.	2,266	(1.07)%		(29,170	)
Copart, Inc.	1,315	(1.16)%		(38,722	)
Burlington Stores, Inc.	644	(1.17)%		(39,818	)
NIKE, Inc. — Class B	1,437	(1.41)%		(43,714	)
Scotts Miracle-Gro Co. — Class A	576	(0.80)%		(43,828	)
Starbucks Corp.	2,263	(1.68)%		(67,987	)
Total Consumer, Cyclical				(394,487	)
Communications
Anaplan, Inc.	548	(0.27)%		(16,532	)
Okta, Inc.	244	(0.43)%		(23,187	)
Zendesk, Inc.	895	(0.89)%		(34,643	)
Liberty Broadband Corp. — Class C	1,743	(1.92)%		(35,959	)
Q2 Holdings, Inc.	1,006	(0.88)%		(46,494	)
Total Communications				(156,815	)

Alpha Opportunity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares	Percentage Notional Amount	Value and Unrealized Appreciation (Depreciation)
Industrial
Raytheon Technologies Corp.	1,982	(0.98)%	$	6,025
US Ecology, Inc.	1,616	(0.41)%		1,934
Boeing Co.	169	(0.25)%		957
AMETEK, Inc.	567	(0.48)%		(360	)
TransDigm Group, Inc.	152	(0.65)%		(12,732	)
HEICO Corp.	427	(0.39)%		(13,809	)
Eagle Materials, Inc.	562	(0.40)%		(15,061	)
Martin Marietta Materials, Inc.	205	(0.40)%		(15,777	)
Ingersoll Rand, Inc.	3,683	(1.17)%		(20,084	)
Crown Holdings, Inc.	883	(0.61)%		(24,597	)
Casella Waste Systems, Inc. — Class A	1,904	(0.82)%		(26,453	)
AptarGroup, Inc.	2,180	(2.07)%		(28,358	)
Vulcan Materials Co.	837	(0.86)%		(30,299	)
Ball Corp.	2,147	(1.39)%		(35,654	)
Tetra Tech, Inc.	1,493	(1.20)%		(44,010	)
Total Industrial				(258,278	)
Utilities
American States Water Co.	725	(0.40)%		5,700
California Water Service Group	2,262	(0.85)%		(3,058	)
Total Utilities				2,642
Total MS Equity Short Custom Basket			$	(2,094,339	)

Alpha Opportunity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

GS EQUITY LONG CUSTOM BASKET
	Shares	Percentage Notional Amount	Value and Unrealized Appreciation (Depreciation)
Communications
Viavi Solutions, Inc.	1,997	0.98%	$	6,447
T-Mobile US, Inc.	209	0.92%		5,147
Cisco Systems, Inc.	867	1.29%		3,735
Ciena Corp.	250	0.44%		3,175
Omnicom Group, Inc.	283	0.59%		2,920
Alphabet, Inc. — Class C	4	0.23%		2,403
Motorola Solutions, Inc.	90	0.51%		1,353
Verizon Communications, Inc.	605	1.18%		1,162
VeriSign, Inc.	68	0.49%		1,017
Discovery, Inc. — Class A	347	0.35%		1,006
Cogent Communications Holdings, Inc.	321	0.64%		903
Juniper Networks, Inc.	1,085	0.81%		246
Sirius XM Holdings, Inc.	3,660	0.78%		226
eBay, Inc.	259	0.43%		(298	)
AT&T, Inc.	857	0.82%		(7,176	)
Total Communications				22,266
Financial
MetLife, Inc.	761	1.19%		6,344
Allstate Corp.	351	1.28%		4,788
Travelers Companies, Inc.	141	0.66%		3,599
Hartford Financial Services Group, Inc.	284	0.46%		3,451
Synchrony Financial	329	0.38%		3,023
Aflac, Inc.	284	0.42%		2,354
Ameriprise Financial, Inc.	66	0.43%		2,301
JPMorgan Chase & Co.	60	0.25%		1,860
Western Union Co.	757	0.55%		1,579
Equity Residential	349	0.69%		1,472
Berkshire Hathaway, Inc. — Class B	104	0.80%		1,352
M&T Bank Corp.	59	0.25%		1,350
Bank of America Corp.	257	0.26%		945
Highwoods Properties, Inc.	622	0.82%		827
SEI Investments Co.	162	0.31%		110
Piedmont Office Realty Trust, Inc. — Class A	1,054	0.57%		(405	)
Total Financial				34,950
Utilities
Southern Co.	303	0.62%		2,086
Public Service Enterprise Group, Inc.	493	0.96%		2,056
Exelon Corp.	617	0.87%		1,991
CenterPoint Energy, Inc.	541	0.39%		1,569
NorthWestern Corp.	145	0.28%		1,406
IDACORP, Inc.	317	1.01%		1,359
UGI Corp.	450	0.52%		1,206
OGE Energy Corp.	523	0.55%		653
Evergy, Inc.	527	0.97%		500
Ameren Corp.	344	0.89%		326
Avista Corp.	198	0.26%		68
PPL Corp.	901	0.85%		(98	)
ONE Gas, Inc.	169	0.43%		(118	)
NiSource, Inc.	599	0.46%		(573	)
Portland General Electric Co.	168	0.24%		(801	)
Consolidated Edison, Inc.	188	0.45%		(858	)
National Fuel Gas Co.	245	0.34%		(905	)
Duke Energy Corp.	259	0.79%		(1,152	)
Southwest Gas Holdings, Inc.	196	0.40%		(2,453	)
Total Utilities				6,262
Technology
NetApp, Inc.	390	0.86%		9,481
Texas Instruments, Inc.	154	0.84%		7,022
CDK Global, Inc.	348	0.60%		5,632
HP, Inc.	808	0.66%		5,530
Seagate Technology plc	481	0.99%		5,523
SS&C Technologies Holdings, Inc.	455	1.10%		5,466
KLA Corp.	65	0.56%		4,815
Applied Materials, Inc.	124	0.36%		4,168
Cerner Corp.	424	1.11%		3,905
Oracle Corp.	348	0.75%		3,666
Cirrus Logic, Inc.	142	0.39%		2,717
Microchip Technology, Inc.	65	0.30%		2,511
Kulicke & Soffa Industries, Inc.	297	0.31%		2,308
Apple, Inc.	112	0.49%		1,976
Skyworks Solutions, Inc.	84	0.43%		1,163
International Business Machines Corp.	296	1.24%		542
Dell Technologies, Inc. — Class C	167	0.41%		497
Paychex, Inc.	104	0.32%		(27	)
Intel Corp.	505	0.84%		(2,670	)
Total Technology				64,225
Consumer, Cyclical
Gentherm, Inc.	429	0.93%		12,951
Autoliv, Inc.	237	0.73%		8,612
Gentex Corp.	1,025	1.16%		8,100
Lear Corp.	99	0.52%		7,101
Cummins, Inc.	53	0.40%		4,165
Brunswick Corp.	163	0.41%		3,089
Hanesbrands, Inc.	520	0.25%		2,764
Allison Transmission Holdings, Inc.	562	0.81%		2,620
Dolby Laboratories, Inc. — Class A	80	0.26%		2,501
MSC Industrial Direct Company, Inc. — Class A	108	0.30%		2,420
Genuine Parts Co.	232	0.78%		1,058
AutoNation, Inc.	194	0.45%		913
PACCAR, Inc.	199	0.57%		730
Lowe's Companies, Inc.	123	0.66%		626
AutoZone, Inc.	14	0.55%		570
Lennar Corp. — Class A	163	0.41%		(161	)
PulteGroup, Inc.	292	0.42%		(258	)
Meritage Homes Corp.	110	0.30%		(915	)
Best Buy Company, Inc.	289	0.96%		(2,569	)
Total Consumer, Cyclical				54,317
Consumer, Non-cyclical
United Rentals, Inc.	95	0.73%		10,113
Rent-A-Center, Inc.	359	0.46%		7,345
DaVita, Inc.	218	0.85%		7,074
McKesson Corp.	154	0.89%		6,363
Amgen, Inc.	144	1.10%		5,924
Molson Coors Beverage Co. — Class B	785	1.18%		5,743

Alpha Opportunity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares	Percentage Notional Amount	Value and Unrealized Appreciation (Depreciation)
United Therapeutics Corp.	131	0.66%	$	5,615
Quanta Services, Inc.	254	0.61%		4,989
Johnson & Johnson	186	0.97%		4,969
Cardinal Health, Inc.	457	0.81%		4,841
Eli Lilly & Co.	72	0.40%		4,446
Colgate-Palmolive Co.	346	0.98%		4,070
Jazz Pharmaceuticals plc	96	0.53%		3,653
UnitedHealth Group, Inc.	64	0.75%		3,559
Alexion Pharmaceuticals, Inc.	61	0.32%		3,326
Procter & Gamble Co.	185	0.86%		3,260
Kraft Heinz Co.	833	0.96%		2,737
Anthem, Inc.	40	0.43%		2,638
Cigna Corp.	56	0.39%		2,568
Philip Morris International, Inc.	409	1.13%		2,346
Molina Healthcare, Inc.	44	0.31%		1,593
Constellation Brands, Inc. — Class A	47	0.34%		1,450
Post Holdings, Inc.	151	0.51%		1,439
Medtronic plc	63	0.25%		1,234
Mondelez International, Inc. — Class A	215	0.42%		1,167
Tyson Foods, Inc. — Class A	243	0.52%		981
Chemed Corp.	15	0.27%		919
Pfizer, Inc.	407	0.50%		890
Conagra Brands, Inc.	472	0.57%		707
Kellogg Co.	116	0.24%		625
Hologic, Inc.	106	0.26%		593
Altria Group, Inc.	594	0.81%		581
Hill-Rom Holdings, Inc.	80	0.26%		570
Innoviva, Inc.	739	0.30%		545
Alkermes plc	406	0.27%		528
J M Smucker Co.	281	1.08%		528
Ionis Pharmaceuticals, Inc.	145	0.27%		417
Merck & Company, Inc.	394	1.07%		348
Laboratory Corporation of America Holdings	79	0.54%		340
USANA Health Sciences, Inc.	96	0.25%		221
AbbVie, Inc.	70	0.25%		218
Bristol-Myers Squibb Co.	158	0.33%		172
Encompass Health Corp.	121	0.33%		104
Clorox Co.	36	0.24%		56
Campbell Soup Co.	488	0.79%		43
Prestige Consumer Healthcare, Inc.	200	0.23%		(36	)
CVS Health Corp.	227	0.52%		(44	)
Vector Group Ltd.	840	0.33%		(56	)
Humana, Inc.	32	0.44%		(97	)
TreeHouse Foods, Inc.	271	0.38%		(105	)
Ingredion, Inc.	223	0.58%		(415	)
Sprouts Farmers Market, Inc.	592	0.40%		(583	)
General Mills, Inc.	516	1.01%		(612	)
John B Sanfilippo & Son, Inc.	168	0.44%		(744	)
Kimberly-Clark Corp.	201	0.90%		(841	)
Gilead Sciences, Inc.	242	0.47%		(3,097	)
Total Consumer, Non-cyclical				105,218
Industrial
TE Connectivity Ltd.	197	0.79%		7,781
AGCO Corp.	227	0.78%		7,215
Snap-on, Inc.	133	0.76%		7,136
Timken Co.	207	0.53%		5,997
Caterpillar, Inc.	85	0.51%		5,719
Vishay Intertechnology, Inc.	1,044	0.72%		5,698
Regal Beloit Corp.	103	0.42%		5,441
Owens Corning	140	0.35%		5,020
Garmin Ltd.	117	0.47%		4,334
Lincoln Electric Holdings, Inc.	120	0.46%		4,007
Hubbell, Inc.	170	0.89%		3,772
Terex Corp.	309	0.36%		3,636
Waters Corp.	60	0.49%		3,027
Arrow Electronics, Inc.	164	0.53%		2,744
Oshkosh Corp.	189	0.54%		2,113
Eaton Corporation plc	79	0.32%		1,981
Acuity Brands, Inc.	81	0.33%		1,757
National Instruments Corp.	196	0.29%		1,475
Keysight Technologies, Inc.	95	0.42%		1,307
Trane Technologies plc	49	0.24%		1,205
Pentair plc	157	0.28%		1,146
Dover Corp.	59	0.25%		1,056
PerkinElmer, Inc.	57	0.27%		938
A O Smith Corp.	135	0.25%		833
Energizer Holdings, Inc.	226	0.32%		592
Lennox International, Inc.	23	0.21%		184
3M Co.	84	0.49%		(110	)
Masco Corp.	339	0.62%		(308	)
General Dynamics Corp.	98	0.49%		(407	)
Lockheed Martin Corp.	37	0.44%		(1,112	)
Total Industrial				84,177
Total GS Equity Long Custom Basket			$	371,415

GS EQUITY SHORT CUSTOM BASKET
	Shares	Percentage Notional Amount	Value and Unrealized Appreciation (Depreciation)
Financial
UDR, Inc.	2,415	(0.64)%	$	22,727
Kilroy Realty Corp.	2,378	(0.95)%		19,659
Realty Income Corp.	3,550	(1.53)%		17,747
Global Net Lease, Inc.	4,453	(0.53)%		7,830
JBG SMITH Properties	3,636	(0.79)%		7,337
Douglas Emmett, Inc.	1,657	(0.34)%		6,829
Truist Financial Corp.	1,153	(0.38)%		929
First Industrial Realty Trust, Inc.	2,447	(0.72)%		866
Host Hotels & Resorts, Inc.	3,696	(0.38)%		643
Crown Castle International Corp.	277	(0.31)%		252
Agree Realty Corp.	3,340	(1.54)%		221
American Tower Corp. — Class A	201	(0.31)%		35
Camden Property Trust	1,020	(0.71)%		(158	)
Prologis, Inc.	1,459	(1.01)%		(2,102	)
Fulton Financial Corp.	4,226	(0.37)%		(2,308	)
First Midwest Bancorp, Inc.	4,979	(0.55)%		(2,429	)

Alpha Opportunity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares	Percentage Notional Amount	Value and Unrealized Appreciation (Depreciation)
CyrusOne, Inc.	1,305	(0.66)%	$	(2,439	)
Howard Hughes Corp.	976	(0.53)%		(3,623	)
Southside Bancshares, Inc.	2,891	(0.62)%		(3,667	)
Duke Realty Corp.	2,271	(0.63)%		(3,736	)
Healthpeak Properties, Inc.	3,516	(0.74)%		(4,692	)
TFS Financial Corp.	4,164	(0.51)%		(5,837	)
QTS Realty Trust, Inc. — Class A	1,226	(0.53)%		(6,897	)
SBA Communications Corp.	162	(0.32)%		(8,854	)
Rayonier, Inc.	3,444	(0.70)%		(9,617	)
STAG Industrial, Inc.	1,858	(0.40)%		(9,814	)
First Financial Bankshares, Inc.	3,031	(0.76)%		(10,010	)
Healthcare Trust of America, Inc. — Class A	3,892	(0.74)%		(10,607	)
Alleghany Corp.	298	(1.25)%		(10,640	)
Intercontinental Exchange, Inc.	1,024	(0.82)%		(12,163	)
Loews Corp.	1,965	(0.61)%		(12,899	)
Medical Properties Trust, Inc.	6,363	(0.96)%		(13,498	)
Brookline Bancorp, Inc.	8,990	(0.75)%		(13,538	)
Equinix, Inc.	149	(0.74)%		(13,981	)
EastGroup Properties, Inc.	802	(0.77)%		(14,947	)
Americold Realty Trust	2,124	(0.55)%		(15,201	)
Terreno Realty Corp.	1,606	(0.65)%		(18,026	)
Alexandria Real Estate Equities, Inc.	774	(0.96)%		(18,049	)
Sun Communities, Inc.	1,069	(1.13)%		(24,874	)
Rexford Industrial Realty, Inc.	3,611	(1.23)%		(31,092	)
First Republic Bank	1,320	(1.35)%		(54,265	)
Total Financial				(254,888	)
Utilities
American States Water Co.	725	(0.40)%		5,659
California Water Service Group	2,262	(0.85)%		(2,857	)
Total Utilities				2,802
Industrial
Raytheon Technologies Corp.	1,982	(0.98)%		6,229
US Ecology, Inc.	1,616	(0.41)%		1,901
Boeing Co.	169	(0.25)%		928
AMETEK, Inc.	567	(0.48)%		(348	)
TransDigm Group, Inc.	152	(0.65)%		(12,794	)
HEICO Corp.	427	(0.39)%		(13,702	)
Eagle Materials, Inc.	562	(0.40)%		(15,046	)
Martin Marietta Materials, Inc.	205	(0.40)%		(15,801	)
Ingersoll Rand, Inc.	3,683	(1.17)%		(20,092	)
Crown Holdings, Inc.	883	(0.61)%		(24,634	)
Casella Waste Systems, Inc. — Class A	1,904	(0.82)%		(26,602	)
AptarGroup, Inc.	2,180	(2.07)%		(28,215	)
Vulcan Materials Co.	837	(0.86)%		(30,435	)
Ball Corp.	2,147	(1.39)%		(35,415	)
Tetra Tech, Inc.	1,493	(1.20)%		(44,216	)
Total Industrial				(258,242	)
Basic Materials
Huntsman Corp.	5,096	(0.89)%		4,997
Newmont Corp.	1,133	(0.47)%		1,794
Sherwin-Williams Co.	98	(0.50)%		187
Ecolab, Inc.	253	(0.38)%		(9,976	)
Ashland Global Holdings, Inc.	1,946	(1.07)%		(10,014	)
Axalta Coating Systems Ltd.	3,360	(0.67)%		(13,696	)
DuPont de Nemours, Inc.	2,805	(1.38)%		(14,024	)
PPG Industries, Inc.	583	(0.58)%		(15,957	)
Air Products and Chemicals, Inc.	983	(1.86)%		(25,564	)
Celanese Corp. — Class A	1,089	(0.98)%		(32,506	)
Freeport-McMoRan, Inc.	2,415	(0.44)%		(36,895	)
Balchem Corp.	1,994	(1.60)%		(37,050	)
RPM International, Inc.	2,395	(1.51)%		(49,858	)
Linde plc	1,083	(1.98)%		(52,380	)
Albemarle Corp.	1,076	(1.10)%		(84,600	)
Quaker Chemical Corp.	734	(1.29)%		(85,675	)
United States Steel Corp.	10,166	(1.18)%		(96,355	)
Total Basic Materials				(557,572	)
Energy
Williams Companies, Inc.	3,616	(0.50)%		1,599
Cheniere Energy, Inc.	1,431	(0.60)%		(1,576	)
Ovintiv, Inc.	6,873	(0.69)%		(5,832	)
ChampionX Corp.	6,677	(0.71)%		(8,777	)
NOV, Inc.	4,001	(0.38)%		(9,095	)
Phillips 66	2,745	(1.33)%		(9,202	)
Hess Corp.	2,125	(0.78)%		(13,048	)
Schlumberger N.V.	8,394	(1.27)%		(23,803	)
Total Energy				(69,734	)
Consumer, Cyclical
United Airlines Holdings, Inc.	1,709	(0.51)%		1,400
Alaska Air Group, Inc.	2,397	(0.87)%		39
JetBlue Airways Corp.	6,350	(0.64)%		(15,802	)
Five Below, Inc.	415	(0.50)%		(18,899	)
Delta Air Lines, Inc.	3,500	(0.98)%		(21,619	)
Live Nation Entertainment, Inc.	1,134	(0.58)%		(24,232	)
Southwest Airlines Co.	3,422	(1.11)%		(24,997	)
Hilton Worldwide Holdings, Inc.	1,384	(1.07)%		(26,999	)
TJX Companies, Inc.	2,266	(1.07)%		(29,067	)
Copart, Inc.	1,315	(1.16)%		(38,767	)
Burlington Stores, Inc.	644	(1.17)%		(40,300	)
NIKE, Inc. — Class B	1,437	(1.41)%		(43,777	)
Scotts Miracle-Gro Co. — Class A	576	(0.80)%		(43,804	)
Starbucks Corp.	2,263	(1.68)%		(68,080	)
Total Consumer, Cyclical				(394,904	)
Technology
Splunk, Inc.	533	(0.63)%		7,610
NVIDIA Corp.	107	(0.39)%		(6,530	)
salesforce.com, Inc.	347	(0.54)%		(7,508	)
Appfolio, Inc. — Class A	254	(0.32)%		(8,562	)
Clarivate plc	3,050	(0.63)%		(8,982	)
Pegasystems, Inc.	860	(0.80)%		(10,810	)
Tyler Technologies, Inc.	168	(0.51)%		(12,912	)
Atlassian Corporation plc — Class A	262	(0.43)%		(15,034	)
ANSYS, Inc.	355	(0.90)%		(15,860	)
Rapid7, Inc.	990	(0.62)%		(16,936	)

Alpha Opportunity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares	Percentage Notional Amount	Value and Unrealized Depreciation
Coupa Software, Inc.	147	(0.35)%	$	(17,651	)
Smartsheet, Inc. — Class A	724	(0.35)%		(17,971	)
Workiva, Inc.	502	(0.32)%		(25,358	)
Zscaler, Inc.	264	(0.37)%		(32,466	)
HubSpot, Inc.	187	(0.51)%		(37,957	)
Varonis Systems, Inc.	908	(1.03)%		(43,207	)
Total Technology				(270,134	)
Consumer, Non-cyclical
Nevro Corp.	812	(0.98)%		(1,314	)
Moody's Corp.	409	(0.82)%		(7,589	)
Verisk Analytics, Inc. — Class A	504	(0.73)%		(9,243	)
WD-40 Co.	288	(0.53)%		(12,324	)
CoStar Group, Inc.	135	(0.87)%		(12,384	)
Avalara, Inc.	279	(0.32)%		(22,095	)
Equifax, Inc.	799	(1.07)%		(22,694	)
Avery Dennison Corp.	557	(0.60)%		(25,979	)
Total Consumer, Non-cyclical				(113,622	)
Communications
Anaplan, Inc.	548	(0.27)%		(16,583	)
Okta, Inc.	244	(0.43)%		(22,679	)
Zendesk, Inc.	895	(0.89)%		(34,464	)
Liberty Broadband Corp. — Class C	1,743	(1.92)%		(35,846	)
Q2 Holdings, Inc.	1,006	(0.88)%		(43,730	)
Total Communications				(153,302	)
Total GS Equity Short Custom Basket			$	(2,069,596	)

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is pledged as custom basket swap collateral at December 31, 2020.
2	Rate indicated is the 7-day yield as of December 31, 2020.

GS — Goldman Sachs International

MS — Morgan Stanley Capital Services LLC

plc — Public Limited Company

REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at December 31, 2020 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	39,340,628	$	—	$	—	$	39,340,628
Money Market Fund		981,698		—		—		981,698
Equity Custom Basket Swap Agreements**		—		747,103		—		747,103
Total Assets	$	40,322,326	$	747,103	$	—	$	41,069,429

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Equity Custom Basket Swap Agreements**	$	—	$	4,163,935	$	—	$	4,163,935

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Capital Stewardship Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 100.0%
Technology - 24.4%
Apple, Inc.		89,717	$	11,904,549
Microsoft Corp.		49,254		10,955,075
NVIDIA Corp.		6,810		3,556,182
Texas Instruments, Inc.		20,223		3,319,201
salesforce.com, Inc.*		11,114		2,473,198
Advanced Micro Devices, Inc.*		25,995		2,384,002
Micron Technology, Inc.*		31,112		2,339,000
International Business Machines Corp.		18,420		2,318,710
Adobe, Inc.*		3,653		1,826,938
Intel Corp.		35,687		1,777,926
Accenture plc — Class A		6,220		1,624,726
Oracle Corp.		22,684		1,467,428
Lam Research Corp.		2,778		1,311,966
Twilio, Inc. — Class A*		3,597		1,217,584
HP, Inc.		42,380		1,042,124
RingCentral, Inc. — Class A*		2,748		1,041,410
Dell Technologies, Inc. — Class C*		12,270		899,268
QUALCOMM, Inc.		5,786		881,439
ON Semiconductor Corp.*		20,087		657,448
Citrix Systems, Inc.		4,932		641,653
Applied Materials, Inc.		7,352		634,478
Cognizant Technology Solutions Corp. — Class A		7,480		612,986
Skyworks Solutions, Inc.		3,390		518,263
Paychex, Inc.		5,482		510,813
Total Technology				55,916,367
Consumer, Non-cyclical - 23.3%
Johnson & Johnson		23,001		3,619,897
AbbVie, Inc.		32,086		3,438,015
Amgen, Inc.		12,388		2,848,249
Bristol-Myers Squibb Co.		42,478		2,634,910
Gilead Sciences, Inc.		43,621		2,541,360
Merck & Company, Inc.		26,887		2,199,357
CVS Health Corp.		28,494		1,946,140
UnitedHealth Group, Inc.		5,290		1,855,097
PepsiCo, Inc.		12,240		1,815,192
J M Smucker Co.		14,943		1,727,411
Procter & Gamble Co.		11,699		1,627,799
Vertex Pharmaceuticals, Inc.*		6,854		1,619,874
Molson Coors Beverage Co. — Class B		35,010		1,582,102
Pfizer, Inc.		41,918		1,543,002
Humana, Inc.		3,537		1,451,125
McKesson Corp.		7,159		1,245,093
Illumina, Inc.*		3,133		1,159,210
Eli Lilly & Co.		6,657		1,123,968
S&P Global, Inc.		3,371		1,108,149
Colgate-Palmolive Co.		12,249		1,047,412
Boston Scientific Corp.*		29,126		1,047,080
Kraft Heinz Co.		29,161		1,010,720
General Mills, Inc.		17,116		1,006,421
United Rentals, Inc.*		4,093		949,208
Anthem, Inc.		2,851		915,428
PayPal Holdings, Inc.*		3,841		899,562
Kimberly-Clark Corp.		6,478		873,429
Cigna Corp.		4,122		858,118
Medtronic plc		7,002		820,214
Abbott Laboratories		7,209		789,313
Square, Inc. — Class A*		3,567		776,322
Biogen, Inc.*		3,145		770,085
Laboratory Corporation of America Holdings*		3,284		668,458
Kroger Co.		17,374		551,798
Campbell Soup Co.		10,581		511,591
Zoetis, Inc.		2,979		493,024
Becton Dickinson and Co.		1,953		488,680
Quest Diagnostics, Inc.		3,591		427,940
Intuitive Surgical, Inc.*		519		424,594
Regeneron Pharmaceuticals, Inc.*		849		410,160
IQVIA Holdings, Inc.*		1,607		287,926
Moody's Corp.		921		267,311
Total Consumer, Non-cyclical				53,380,744
Communications - 17.8%
Amazon.com, Inc.*		3,231		10,523,141
Alphabet, Inc. — Class A*		2,988		5,236,888
AT&T, Inc.		151,634		4,360,994
Cisco Systems, Inc.		88,478		3,959,391
Netflix, Inc.*		6,019		3,254,654
Verizon Communications, Inc.		42,699		2,508,566
Facebook, Inc. — Class A*		9,026		2,465,542
eBay, Inc.		33,926		1,704,782
Comcast Corp. — Class A		27,138		1,422,031
Arista Networks, Inc.*		2,800		813,596
Motorola Solutions, Inc.		4,274		726,836
Discovery, Inc. — Class A*		17,979		540,988
Corning, Inc.		14,230		512,280
Omnicom Group, Inc.		7,980		497,713
F5 Networks, Inc.*		2,776		488,409
Discovery, Inc. — Class C*		17,074		447,168
Walt Disney Co.*		2,227		403,488
CDW Corp.		2,210		291,256
Booking Holdings, Inc.*		100		222,727
Etsy, Inc.*		1,166		207,443
Okta, Inc.*		703		178,745
Total Communications				40,766,638
Consumer, Cyclical - 12.1%
Home Depot, Inc.		13,157		3,494,762
Cummins, Inc.		10,239		2,325,277
Lowe's Companies, Inc.		12,824		2,058,380
Costco Wholesale Corp.		4,752		1,790,458
NIKE, Inc. — Class B		11,860		1,677,834
PACCAR, Inc.		18,079		1,559,856
Starbucks Corp.		13,818		1,478,250
AutoZone, Inc.*		1,041		1,234,043
Southwest Airlines Co.		23,100		1,076,691
Tiffany & Co.		8,186		1,076,050
Best Buy Company, Inc.		10,452		1,043,005
Lear Corp.		6,336		1,007,614
General Motors Co.		22,754		947,476
Walgreens Boots Alliance, Inc.		23,552		939,254
Domino's Pizza, Inc.		2,234		856,650
Walmart, Inc.		5,586		805,222
Kohl's Corp.		18,078		735,594
Whirlpool Corp.		4,022		725,931
Pool Corp.		1,942		723,395
Ulta Beauty, Inc.*		1,808		519,185
Chipotle Mexican Grill, Inc. — Class A*		296		410,466

Capital Stewardship Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 100.0% (continued)
Consumer, Cyclical - 12.1% (continued)
BorgWarner, Inc.		10,043	$	388,062
WW Grainger, Inc.		820		334,839
Ross Stores, Inc.		2,710		332,815
Total Consumer, Cyclical				27,541,109
Financial - 10.0%
Mastercard, Inc. — Class A		9,365		3,342,743
Bank of America Corp.		92,077		2,790,854
Citigroup, Inc.		41,997		2,589,535
Allstate Corp.		21,773		2,393,506
MetLife, Inc.		49,318		2,315,480
JPMorgan Chase & Co.		15,115		1,920,663
Visa, Inc. — Class A		7,598		1,661,911
Progressive Corp.		15,367		1,519,489
Prudential Financial, Inc.		15,065		1,176,124
Capital One Financial Corp.		10,043		992,751
T. Rowe Price Group, Inc.		4,414		668,235
Hartford Financial Services Group, Inc.		12,999		636,691
Aflac, Inc.		14,248		633,609
American Express Co.		2,410		291,393
Total Financial				22,932,984
Industrial - 7.8%
3M Co.		19,451		3,399,840
Caterpillar, Inc.		12,747		2,320,209
Oshkosh Corp.		20,929		1,801,359
Owens Corning		22,199		1,681,796
Honeywell International, Inc.		6,228		1,324,696
Expeditors International of Washington, Inc.		12,957		1,232,340
FedEx Corp.		3,616		938,786
Raytheon Technologies Corp.		12,052		861,839
Teledyne Technologies, Inc.*		1,900		744,762
Ryder System, Inc.		11,048		682,324
Avnet, Inc.		18,078		634,719
Keysight Technologies, Inc.*		3,989		526,907
Waters Corp.*		2,108		521,561
Emerson Electric Co.		6,351		510,430
Illinois Tool Works, Inc.		1,574		320,907
Waste Management, Inc.		1,966		231,850
Norfolk Southern Corp.		803		190,801
Total Industrial				17,925,126
Basic Materials - 3.3%
Steel Dynamics, Inc.		34,816		1,283,666
FMC Corp.		9,579		1,100,915
Air Products and Chemicals, Inc.		3,682		1,005,996
Newmont Corp.		16,573		992,557
International Flavors & Fragrances, Inc.		9,042		984,131
Ecolab, Inc.		3,752		811,783
Axalta Coating Systems Ltd.*		18,078		516,127
Eastman Chemical Co.		5,022		503,606
Celanese Corp. — Class A		2,511		326,279
Total Basic Materials				7,525,060
Utilities - 0.7%
Exelon Corp.		26,490		1,118,408
Consolidated Edison, Inc.		7,501		542,097
Total Utilities				1,660,505
Energy - 0.6%
SolarEdge Technologies, Inc.*		2,913		929,596
Chevron Corp.		3,804		321,248
Total Energy				1,250,844
Total Common Stocks
(Cost $190,936,245)				228,899,377
EXCHANGE-TRADED FUNDS† - 1.0%
SPDR S&P 500 ETF Trust		5,956		2,226,829
Total Exchange-Traded Funds
(Cost $2,040,335)				2,226,829
MONEY MARKET FUND† - 0.2%
Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 0.01%1		509,378		509,378
Total Money Market Fund
(Cost $509,378)				509,378
Total Investments - 101.2%
(Cost $193,485,958)			$	231,635,584
Other Assets & Liabilities, net - (1.2)%				(2,698,577	)
Total Net Assets - 100.0%			$	228,937,007

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 3.
1	Rate indicated is the 7-day yield as of December 31, 2020.

plc — Public Limited Company

See Sector Classification in Other Information section.

Capital Stewardship Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

The following table summarizes the inputs used to value the Fund's investments at December 31, 2020 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	228,899,377	$	—	$	—	$	228,899,377
Exchange-Traded Funds		2,226,829		—		—		2,226,829
Money Market Fund		509,378		—		—		509,378
Total Assets	$	231,635,584	$	—	$	—	$	231,635,584

Diversified Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
MUTUAL FUNDS† - 87.4%
Guggenheim High Yield Fund — R6-Class1		145,950	$	1,582,098
Guggenheim Floating Rate Strategies Fund — R6-Class1		53,684		1,326,005
Guggenheim Investment Grade Bond Fund — Institutional Class1		64,438		1,320,986
Guggenheim RBP Dividend Fund — Institutional Class1		59,478		735,737
Guggenheim Risk Managed Real Estate Fund — Institutional Class1		21,926		674,885
Guggenheim World Equity Income Fund — Institutional Class1		20,687		344,435
Guggenheim Ultra Short Duration Fund — Institutional Class1		14,475		144,465
Total Mutual Funds
(Cost $5,641,360)				6,128,611
CLOSED-END FUNDS† - 11.0%
AllianzGI Diversified Income & Convertible Fund		900		29,412
Calamos Convertible Opportunities and Income Fund		1,944		26,322
John Hancock Premium Dividend Fund		1,750		24,797
Neuberger Berman High Yield Strategies Fund, Inc.		2,113		24,701
Royce Value Trust, Inc.		1,500		24,210
Western Asset High Income Fund II, Inc.		3,448		23,722
Eaton Vance Enhanced Equity Income Fund II		1,058		22,948
Eaton Vance Tax-Advantaged Dividend Income Fund		962		22,751
Eaton Vance Tax-Managed Buy-Write Opportunities Fund		1,470		22,564
First Trust Energy Income and Growth Fund		2,100		22,470
Invesco High Income Trust II		1,650		22,424
John Hancock Investors Trust		1,278		22,071
Western Asset Premier Bond Fund		1,529		21,666
Cohen & Steers REIT and Preferred and Income Fund, Inc.		940		21,460
Ares Dynamic Credit Allocation Fund, Inc.		1,500		21,435
PIMCO High Income Fund		3,500		21,175
BlackRock Enhanced Equity Dividend Trust		2,500		21,175
Eaton Vance Tax-Managed Buy-Write Income Fund		1,400		21,000
John Hancock Preferred Income Fund II		1,100		20,911
Tekla Life Sciences Investors		1,050		20,738
Pioneer High Income Trust		2,284		20,373
Reaves Utility Income Fund		600		19,674
John Hancock Income Securities Trust		1,250		19,663
BlackRock Limited Duration Income Trust		1,200		19,104
Eaton Vance Limited Duration Income Fund		1,500		18,795
PGIM High Yield Bond Fund, Inc.		1,242		18,630
DoubleLine Income Solutions Fund		1,123		18,620
Brookfield Real Assets Income Fund, Inc.		1,040		18,543
Western Asset Emerging Markets Debt Fund, Inc.		1,330		18,487
PIMCO Dynamic Income Fund		695		18,369
KKR Income Opportunities Fund		1,266		18,268
Western Asset Global Corporate Defined Opportunity Fund, Inc.		983		17,792
BlackRock Credit Allocation Income Trust		1,205		17,726
Blackstone Strategic Credit Fund		1,419		17,709
Ivy High Income Opportunities Fund		1,308		17,370
Apollo Senior Floating Rate Fund, Inc.		1,074		15,466
Voya Infrastructure Industrials and Materials Fund		1,500		15,450
Total Closed-End Funds
(Cost $677,000)				767,991
MONEY MARKET FUND† - 1.1%
Goldman Sachs Financial Square Treasury Instruments Fund — Institutional Shares, 0.01%2		78,677		78,677
Total Money Market Fund
(Cost $78,677)				78,677
Total Investments - 99.5%
(Cost $6,397,037)			$	6,975,279
Other Assets & Liabilities, net - 0.5%				36,890
Total Net Assets - 100.0%			$	7,012,169

†	Value determined based on Level 1 inputs — See Note 3.
1	Affiliated issuer.
2	Rate indicated is the 7-day yield as of December 31, 2020.

REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

Diversified Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

The following table summarizes the inputs used to value the Fund's investments at December 31, 2020 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Mutual Funds	$	6,128,611	$	—	$	—	$	6,128,611
Closed-End Funds		767,991		—		—		767,991
Money Market Fund		78,677		—		—		78,677
Total Assets	$	6,975,279	$	—	$	—	$	6,975,279

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments, result in that company being considered an affiliated issuer, as defined in the 1940 Act.

Transactions during the period ended December 31, 2020, in which the company is an affiliated issuer, were as follows:

Security Name	Value 09/30/20		Additions		Reductions			Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value 12/31/20		Shares 12/31/20		Investment Income		Capital Gain Distributions
Mutual Funds
Guggenheim Floating Rate Strategies Fund — R6-Class	$	1,051,568	$	241,910	$	–		$	–		$	32,527		$	1,326,005		53,684	$	11,632	$	–
Guggenheim High Yield Fund — R6-Class		1,501,803		251,289		(239,999	)		(4,411	)		73,416			1,582,098		145,950		20,624		–
Guggenheim Investment Grade Bond Fund — Institutional Class		1,312,112		412,496		(399,983	)		(1,270	)		(2,369	)		1,320,986		64,438		10,123		27,120
Guggenheim RBP Dividend Fund — Institutional Class		614,550		8,963		–			–			112,224			735,737		59,478		8,963		–
Guggenheim Risk Managed Real Estate Fund — Institutional Class		625,585		40,228		–			–			9,072			674,885		21,926		4,362		35,865
Guggenheim Ultra Short Duration Fund — Institutional Class		343,979		554		(199,999	)		3,207			(3,276	)		144,465		14,475		545		–
Guggenheim World Equity Income Fund — Institutional Class		307,075		2,214		–			–			35,146			344,435		20,687		2,214		–
	$	5,756,672	$	957,654	$	(839,981	)	$	(2,474	)	$	256,740		$	6,128,611			$	58,463	$	62,985

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares			Value
COMMON STOCKS† - 0.3%
Consumer, Non-cyclical - 0.2%
Chef Holdings, Inc.*,†††		14,334		$	1,212,423
Targus Group International, Inc.*,†††,1		12,773			26,194
Total Consumer, Non-cyclical					1,238,617
Energy - 0.1%
Unit Corp.*,†††		51,277			487,132
Summit Midstream Partners, LP*		3,210			40,093
Permian Production Partners LLC*,†††		401,481			–
Total Energy					527,225
Industrial - 0.0%
API Heat Transfer Parent LLC*,†††		2,902,566			225,265
BP Holdco LLC*,†††,1		244,278			86,130
Vector Phoenix Holdings, LP*,†††		244,278			23,712
Total Industrial					335,107
Total Common Stocks
(Cost $3,862,023)					2,100,949
PREFERRED STOCKS††† - 0.1%
Industrial - 0.1%
API Heat Transfer Intermediate*		618			315,644
Total Preferred Stocks
(Cost $493,920)					315,644
EXCHANGE-TRADED FUNDS† - 5.7%
Invesco Senior Loan ETF		1,845,000			41,106,600
Total Exchange-Traded Funds
(Cost $39,279,133)					41,106,600
MONEY MARKET FUND† - 6.8%
Federated Hermes U.S. Treasury Cash Reserves Fund — Institutional Shares, 0.01%2		48,558,705			48,558,705
Total Money Market Fund
(Cost $48,558,705)					48,558,705
		Face Amount~
SENIOR FLOATING RATE INTERESTS††,7 - 83.6%
Industrial - 17.6%
Berry Global, Inc.
2.15% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 07/01/26		7,930,737			7,884,184
BWAY Holding Co.
3.48% (3 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 04/03/24		7,775,138			7,493,289
Genesee & Wyoming, Inc.
2.25% (3 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 12/30/26		7,481,156			7,458,937
Alliance Laundry Systems LLC
4.25% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 10/08/27		7,350,000			7,340,812
STS Operating, Inc. (SunSource)
5.25% (1 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 12/11/24		7,524,029			7,169,797
USIC Holding, Inc.
4.00% (1 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 12/08/23		6,884,578			6,875,972
LTI Holdings, Inc.
3.65% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 09/06/25		6,954,303			6,740,736
Titan Acquisition Ltd. (Husky)
3.27% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/28/25		6,923,736			6,737,279
TransDigm, Inc.
2.40% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 12/09/25		3,581,910			3,505,436
2.40% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 05/30/25		2,944,873			2,882,295
Duran Group Holding GMBH
4.25% (6 Month EURIBOR + 4.25%, Rate Floor: 4.25%) due 03/29/24†††		EUR	3,928,562		4,629,458
4.25% (6 Month EURIBOR + 4.25%, Rate Floor: 4.25%) due 12/20/24†††		EUR	1,276,721		1,504,501
Altra Industrial Motion Corp.
2.15% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 10/01/25		6,105,881			6,090,616
VC GB Holdings, Inc.
4.00% (1 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 02/28/24†††		6,099,812			6,084,563
Mileage Plus Holdings LLC
6.25% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 06/21/27		5,700,000			5,924,466
Reynolds Group Holdings, Inc.
3.40% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 02/05/26		4,955,000			4,911,644
Hillman Group, Inc.
4.15% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 05/30/25		4,831,631			4,805,202
Charter Nex US Holdings, Inc.
5.00% (1 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 12/01/27		4,700,000			4,718,800
Pelican Products, Inc.
4.50% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 05/01/25		4,662,675			4,561,635

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
SENIOR FLOATING RATE INTERESTS††,7 - 83.6% (continued)
Industrial - 17.6% (continued)
American Bath Group LLC
5.25% (3 Month USD LIBOR + 4.50%, Rate Floor: 5.25%) due 11/23/27		4,000,000		$	4,005,000
Corialis Group Ltd.
3.00% (1 Month EURIBOR + 3.00%, Rate Floor: 3.00%) due 03/29/24		EUR	3,075,000		3,736,516
API Heat Transfer
12.00% (3 Month USD LIBOR + 0.00%, Rate Floor: 1.00%) (in-kind rate was 11.00%) due 01/01/24†††,3		3,047,720			2,720,090
12.00% (3 Month USD LIBOR + 0.00%, Rate Floor: 1.00%) (in-kind rate was 11.00%) due 10/02/23†††,3		543,746			494,809
Cushman & Wakefield US Borrower LLC
due 08/21/25		2,686,449			2,634,063
Vertical (TK Elevator)
4.57% (3 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 07/30/27		1,895,250			1,901,675
YAK MAT (YAK ACCESS LLC)
10.24% (3 Month USD LIBOR + 10.00%, Rate Floor: 10.00%) due 07/10/26		2,550,000			1,785,000
SkyMiles IP Ltd.
4.75% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 10/20/27		1,664,359			1,723,178
Total Industrial					126,319,953
Communications - 15.7%
GTT Communications BV
3.25% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 05/30/25		EUR	10,798,003		11,849,963
due 12/31/21			727,687		665,834
McGraw-Hill Global Education Holdings LLC
5.00% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 05/04/22		10,144,549			9,866,689
Cengage Learning Acquisitions, Inc.
5.25% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 06/07/23		7,903,949			7,563,526
UPC Financing Partnership
3.68% (3 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 01/31/29		3,500,000			3,501,750
3.67% (3 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 01/31/29		3,500,000			3,501,750
Nielsen Finance LLC
2.15% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 10/04/23		7,027,638			6,999,316
ProQuest LLC
3.65% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 10/23/26		6,982,711			6,965,254
CSC Holdings LLC
2.41% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 07/17/25		6,905,188			6,791,736
Ziggo Financing Partnership
2.66% (1 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 04/28/28		6,685,000			6,636,935
Zayo Group Holdings, Inc.
3.15% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/09/27		6,648,468			6,598,604
Market Track LLC
5.25% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 06/05/24		6,926,884			6,407,368
Virgin Media Bristol LLC
2.66% (1 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 01/31/28		6,116,233			6,053,970
Authentic Brands
4.50% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 09/27/24		5,606,376			5,558,330
SFR Group S.A.
3.85% (1 Month USD LIBOR + 3.69%, Rate Floor: 3.69%) due 01/31/26		3,397,396			3,358,122
2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 07/31/25		1,662,513			1,624,974
GTT Communications, Inc.
3.00% (3 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 05/31/25		6,142,500			4,781,445
Titan US Finco LLC
4.25% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 05/01/26		4,667,639			4,597,625
Xplornet Communications, Inc.
4.90% (1 Month USD LIBOR + 4.75%, Rate Floor: 4.75%) due 06/10/27		3,990,000			3,990,997
Level 3 Financing, Inc.
1.90% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 03/01/27		3,339,546			3,280,402
Radiate Holdco, LLC
4.25% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 09/25/26		1,800,000			1,800,846

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
SENIOR FLOATING RATE INTERESTS††,7 - 83.6% (continued)
Communications - 15.7% (continued)
Total Communications				$	112,395,436
Consumer, Non-cyclical - 14.4%
AI Aqua Zip Bidco Pty Ltd.
4.25% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.25%) due 12/13/23		8,109,521			8,048,699
Diamond (BC) BV
3.21% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 09/06/24		3,959,184			3,896,510
3.25% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 09/06/24		EUR	2,867,921		3,456,118
Dole Food Company, Inc.
3.75% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.75%) due 04/06/24		6,848,897			6,831,775
Froneri US, Inc.
2.40% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 01/29/27		6,865,500			6,789,980
US Foods, Inc.
1.90% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 06/27/23		5,937,824			5,842,700
Hayward Industries, Inc.
3.65% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 08/05/24		5,705,217			5,631,506
Springs Window Fashions
4.40% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 06/16/25		4,335,762			4,294,226
8.65% (1 Month USD LIBOR + 8.50%, Rate Floor: 8.50%) due 06/15/26		1,350,000			1,285,038
Recess Holdings, Inc.
4.75% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 09/30/24		5,622,617			5,313,373
Weber-Stephen Products LLC
4.00% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 10/29/27		5,050,000			5,052,525
Cidron New Bidco Ltd.
3.00% (3 Month EURIBOR + 3.00%, Rate Floor: 3.00%) due 04/16/25		EUR	4,125,000		4,965,776
DaVita, Inc.
1.90% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 08/12/26		4,987,406			4,939,776
IQVIA Holdings, Inc.
2.00% (3 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 06/11/25		4,866,959			4,825,395
Endo Luxembourg Finance Co.
5.00% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 04/29/24		3,958,974			3,889,692
Sigma Holding BV (Flora Food)
3.50% (1 Month EURIBOR + 3.50% and 6 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 07/02/25		EUR	3,000,000		3,598,717
Grifols Worldwide Operations USA, Inc.
2.10% (1 Week USD LIBOR + 2.00%, Rate Floor: 2.00%) due 11/15/27		3,528,042			3,494,985
Kronos Acquisition Holdings, Inc.
5.25% (3 Month USD LIBOR + 4.50%, Rate Floor: 5.25%) due 12/22/26		3,100,000			3,096,125
Energizer Holdings, Inc.
due 12/16/27		2,850,000			2,844,670
CTI Foods Holding Co. LLC
8.00% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) (in-kind rate was 3.00%) due 05/03/24†††,3		1,924,067			1,808,623
10.00% (3 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) (in-kind rate was 6.00%) due 05/03/24†††,3		545,337			496,257
Elanco Animal Health, Inc.
1.90% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 08/02/27		2,289,154			2,266,743
BCPE Eagle Buyer LLC
5.25% (1 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 03/18/24		2,079,774			2,021,707
Arctic Glacier Group Holdings, Inc.
4.50% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 03/20/24		2,272,564			2,016,901
Cambrex Corp.
5.50% (1 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 12/04/26		1,900,000			1,914,250
Aramark Services, Inc.
1.90% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 03/11/25		1,900,000			1,871,975

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
SENIOR FLOATING RATE INTERESTS††,7 - 83.6% (continued)
Consumer, Non-cyclical - 14.4% (continued)
Valeant Pharmaceuticals International, Inc.
3.15% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 06/02/25		1,643,039		$	1,635,859
Southern Veterinary Partners LLC
5.00% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 10/05/27†††		878,788			874,394
Total Consumer, Non-cyclical					103,004,295
Consumer, Cyclical - 13.7%
American Tire Distributors, Inc.
8.50% (1 Month USD LIBOR + 7.50% and 3 Month USD LIBOR + 7.50%, Rate Floor: 8.50%) due 09/02/24		18,888,203			17,953,237
7.00% (3 Month USD LIBOR + 6.00%, Rate Floor: 7.00%) due 09/01/23		2,017,146			1,948,563
Power Solutions (Panther)
3.65% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 04/30/26		7,878,348			7,837,302
IBC Capital Ltd.
3.99% (3 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 09/11/23		7,201,393			7,093,372
Zephyr Bidco Ltd.
4.52% (1 Month GBP LIBOR + 4.50%, Rate Floor: 4.50%) due 07/23/25		GBP	5,265,000		7,047,193
CHG Healthcare Services, Inc.
4.00% (3 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 06/07/23		7,007,046			6,955,615
Navistar, Inc.
3.66% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 11/06/24		6,938,815			6,923,202
Intrawest Resorts Holdings, Inc.
2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 07/31/24		6,725,282			6,621,578
Whatabrands LLC
2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 07/31/26		6,493,682			6,427,706
Party City Holdings, Inc.
3.25% (3 Month USD LIBOR + 2.50%, Rate Floor: 3.25%) due 08/19/22		5,458,917			5,037,706
EG Finco Ltd.
4.00% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 02/07/25		EUR	3,358,734		4,014,886
4.25% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 02/07/25		777,586			767,384
Packers Sanitation Services, Inc.
4.00% (1 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 12/04/24		4,495,003			4,472,528
Mavis Tire Express Services Corp.
3.50% (3 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 03/20/25		4,243,032			4,160,293
CNT Holdings I Corp.
4.50% (6 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 11/08/27		3,800,000			3,793,464
Burlington Stores, Inc.
1.91% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 11/17/24		2,000,000			1,965,000
Alexander Mann
5.34% (6 Month GBP LIBOR + 5.25%, Rate Floor: 5.25%) due 06/16/25		GBP	1,540,000		1,912,559
Playtika Holding Corp.
7.00% (3 Month USD LIBOR + 6.00%, Rate Floor: 7.00%) due 12/09/24		1,833,501			1,842,467
Belk, Inc.
7.75% (3 Month USD LIBOR + 6.75%, Rate Floor: 7.75%) due 07/31/25		2,908,288			1,014,789
SHO Holding I Corp.
6.25% (3 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) (in-kind rate was 2.25%) due 04/29/24†††,3		567,571			488,111
6.23% (3 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) (in-kind rate was 2.23%) due 04/29/24†††,3		6,166			5,303
Total Consumer, Cyclical					98,282,258
Financial - 8.4%
USI, Inc.
3.25% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 05/16/24		8,051,064			7,928,607
Aretec Group, Inc.
4.40% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 10/01/25		7,693,000			7,510,291
Alliant Holdings Intermediate LLC
3.40% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 05/09/25		7,319,575			7,197,558

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,7 - 83.6% (continued)
Financial - 8.4% (continued)
AmWINS Group, Inc.
3.75% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.75%) due 01/25/24		6,927,703	$	6,913,501
HarbourVest Partners, LP
2.40% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 03/03/25		6,388,727		6,314,171
NFP Corp.
3.40% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 02/15/27		5,104,787		4,990,848
Jefferies Finance LLC
3.19% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 06/03/26		4,629,500		4,590,149
Virtu Financial, Inc.
3.15% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/01/26		4,320,000		4,308,293
Ryan Specialty Group LLC
4.00% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 09/01/27		3,591,000		3,577,534
Duff & Phelps
4.75% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 04/09/27		2,593,484		2,593,898
Focus Financial Partners LLC
due 07/03/24		2,493,606		2,473,857
Citadel Securities, LP
2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 02/27/26		2,129,248		2,128,354
Total Financial				60,527,061
Technology - 7.7%
EIG Investors Corp.
4.75% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 02/09/23		7,138,256		7,129,333
Informatica LLC
3.40% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 02/25/27		7,146,672		7,079,708
Cologix Holdings, Inc.
4.00% (1 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 03/20/24		5,052,512		4,997,490
Seattle SpinCo, Inc.
2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 06/21/24		4,906,479		4,832,882
Misys Ltd.
4.50% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 06/13/24		4,721,839		4,620,036
WEX, Inc.
2.40% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 05/15/26		4,616,518		4,581,155
Emerald TopCo, Inc. (Press Ganey)
3.71% (3 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 07/24/26		4,488,636		4,426,918
Aspect Software, Inc.
6.00% (3 Month USD LIBOR + 5.00%, Rate Floor: 6.00%) due 01/15/24		4,456,471		4,285,654
Boxer Parent Co., Inc.
4.40% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 10/02/25		3,357,868		3,340,105
Brave Parent Holdings, Inc.
4.15% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 04/18/25		3,176,692		3,156,837
Sabre GLBL, Inc.
2.15% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 02/22/24		2,298,085		2,239,002
EXC Holdings III Corp.
4.50% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 12/02/24		1,964,250		1,943,783
TIBCO Software, Inc.
3.90% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 06/30/26		1,795,489		1,757,891
Miami Escrow Borrower LLC
2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 06/21/24		725,629		714,745
Total Technology				55,105,539
Basic Materials - 4.6%
Messer Industries USA, Inc.
2.75% (3 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 03/02/26		7,208,815		7,146,675
Arch Coal, Inc.
3.75% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.75%) due 03/07/24		6,612,692		6,017,550
Alpha 3 BV
4.00% (3 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 01/31/24		4,942,688		4,921,088
PQ Corp.
2.46% (3 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 02/08/27		4,840,863		4,797,005
GrafTech Finance, Inc.
4.50% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 02/12/25		4,181,486		4,172,788

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
SENIOR FLOATING RATE INTERESTS††,7 - 83.6% (continued)
Basic Materials - 4.6% (continued)
Illuminate Buyer LLC
4.15% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 06/30/27		3,600,000		$	3,598,488
HB Fuller Co.
2.15% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 10/21/24		2,461,603			2,442,230
Total Basic Materials					33,095,824
Energy - 0.9%
Penn Virginia Holding Corp.
8.00% (1 Month USD LIBOR + 7.00%, Rate Floor: 8.00%) due 09/29/22†††		10,890,000			6,316,200
Permian Production Partners LLC
9.00% (1 Month USD LIBOR + 6.00%, Rate Floor: 7.00%) (in-kind rate was 2.00%) due 11/23/25†††,3		2,644,400			396,660
Total Energy					6,712,860
Utilities - 0.6%
Hamilton Projects Acquiror LLC
5.75% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.75%) due 06/17/27		3,970,050			3,972,551
Total Senior Floating Rate Interests
(Cost $614,815,087)					599,415,777
CORPORATE BONDS†† - 2.6%
Consumer, Non-cyclical - 0.8%
Nathan's Famous, Inc.
6.63% due 11/01/254		4,275,000			4,387,219
HCA, Inc.
4.50% due 02/15/27		1,500,000			1,744,803
Total Consumer, Non-cyclical					6,132,022
Energy - 0.8%
Sabine Pass Liquefaction LLC
5.63% due 04/15/23		4,200,000			4,614,243
American Midstream Partners Limited Partnership / American Midstream Finance Corp.
9.50% due 12/15/214		1,268,000			1,258,490
Total Energy					5,872,733
Communications - 0.7%
Ziggo BV
5.50% due 01/15/274		4,550,000			4,749,062
Industrial - 0.1%
Grinding Media, Inc. / MC Grinding Media Canada, Inc.
7.38% due 12/15/234		750,000			761,250
Consumer, Cyclical - 0.1%
LBC Tank Terminals Holding Netherlands BV
6.88% due 05/15/234		630,000			630,000
Financial - 0.1%
Lincoln Financing SARL
3.88% due 04/01/24		EUR	350,000		426,894
Basic Materials - 0.0%
Mirabela Nickel Ltd.
due 06/24/195,6		1,279,819			63,991
Total Corporate Bonds
(Cost $18,694,464)					18,635,952
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 2.3%
Residential Mortgage Backed Securities - 2.3%
RALI Series Trust
2006-QO6, 0.51% (1 Month USD LIBOR + 0.36%, Rate Floor: 0.36%) due 06/25/467		11,664,119			4,092,244
2006-QO2, 0.59% (1 Month USD LIBOR + 0.44%, Rate Floor: 0.44%) due 02/25/467		468,867			146,104
Washington Mutual Mortgage Pass-Through Certificates Trust
2007-OA6, 1.42% (1 Year CMT Rate + 0.81%, Rate Floor: 0.81%) due 07/25/477		3,228,013			2,775,794
American Home Mortgage Assets Trust
2006-4, 0.36% (1 Month USD LIBOR + 0.21%, Rate Floor: 0.21%) due 10/25/467		2,993,874			1,989,544
Washington Mutual Mortgage Pass-Through Certificates WMALT Series Trust
2006-AR9, 1.45% (1 Year CMT Rate + 0.84%, Rate Floor: 0.84%) due 11/25/467		2,229,266			1,868,512
Lehman XS Trust Series
2006-16N, 0.34% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 11/25/467		1,738,381			1,586,011
Wachovia Asset Securitization Issuance II LLC Trust
2007-HE1, 0.29% (1 Month USD LIBOR + 0.14%, Rate Floor: 0.14%) due 07/25/374,7		1,449,293			1,348,663
Nomura Resecuritization Trust
2015-4R, 1.71% (1 Month USD LIBOR + 0.43%, Rate Floor: 0.43%) due 03/26/364,7		1,266,706			1,259,384

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 2.3% (continued)
Residential Mortgage Backed Securities - 2.3% (continued)
Alliance Bancorp Trust
2007-OA1, 0.39% (1 Month USD LIBOR + 0.24%, Rate Floor: 0.24%) due 07/25/377		530,782	$	477,897
Morgan Stanley Re-REMIC Trust
2010-R5, 1.57% due 06/26/364		449,689		404,555
GSAA Home Equity Trust
2007-7, 0.69% (1 Month USD LIBOR + 0.54%, Rate Floor: 0.54%) due 07/25/377		289,134		281,819
New Century Home Equity Loan Trust
2004-4, 0.94% (1 Month USD LIBOR + 0.80%, Rate Cap/Floor: 12.50%/0.80%) due 02/25/357		208,051		203,378
Total Residential Mortgage Backed Securities				16,433,905
Total Collateralized Mortgage Obligations
(Cost $17,247,504)				16,433,905
ASSET-BACKED SECURITIES†† - 1.6%
Collateralized Loan Obligations - 1.6%
Jamestown CLO V Ltd.
2014-5A, 5.32% (3 Month USD LIBOR + 5.10%, Rate Floor: 0.00%) due 01/17/274,7		4,000,000		3,003,993
Avery Point II CLO Ltd.
2013-3X COM, due 01/18/258		3,930,722		2,745,769
Treman Park CLO Ltd.
2015-1A, due 10/20/284,8		3,000,000		2,404,257
ACIS CLO Ltd.
2015-6A, 3.58% (3 Month USD LIBOR + 3.37%, Rate Floor: 0.00%) due 05/01/274,7		1,000,000		996,710
Newstar Commercial Loan Funding LLC
2017-1A, 3.74% (3 Month USD LIBOR + 3.50%, Rate Floor: 0.00%) due 03/20/274,7		1,000,000		993,275
Octagon Loan Funding Ltd.
2014-1A, due 11/18/314,8		2,071,948		768,573
Halcyon Loan Advisors Funding Ltd.
2012-1A, 3.22% (3 Month USD LIBOR + 3.00%, Rate Floor: 0.00%) due 08/15/234,7		646,271		645,790
OHA Credit Partners IX Ltd.
2013-9A, due 10/20/254,8		1,808,219		23,199
Total Collateralized Loan Obligations				11,581,566
Transport-Aircraft - 0.0%
Airplanes Pass Through Trust
2001-1A, due 03/15/19†††,5,6		896,492		90
Total Asset-Backed Securities
(Cost $14,092,873)				11,581,656
Total Investments - 103.0%
(Cost $757,043,709)			$	738,149,188
Other Assets & Liabilities, net - (3.0)%				(21,203,831	)
Total Net Assets - 100.0%			$	716,945,357

Forward Foreign Currency Exchange Contracts††
Counterparty	Contracts to Sell	Currency	Settlement Date	Settlement Value		Value at December 31, 2020		Unrealized Depreciation
Bank of America, N.A.	6,632,000	GBP	01/15/21	$	8,807,661	$	9,070,440	$	(262,779	)
Goldman Sachs International	33,787,000	EUR	01/15/21		41,027,655		41,294,764		(267,109	)
								$	(529,888	)

~	The face amount is denominated in U.S. dollars unless otherwise indicated.
*	Non-income producing security.
†	Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.
††	Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
1	Affiliated issuer.
2	Rate indicated is the 7-day yield as of December 31, 2020.
3	Payment-in-kind security.

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

4	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $23,634,420 (cost $25,031,887), or 3.3% of total net assets.
5	Security is in default of interest and/or principal obligations.
6	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $64,081 (cost $1,883,995), or less than 0.1% of total net assets — See Note 6.
7	Variable rate security. Rate indicated is the rate effective at December 31, 2020. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
8	Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.

CMT — Constant Maturity Treasury

EURIBOR — European Interbank Offered Rate

EUR — Euro

GBP — British Pound

LIBOR — London Interbank Offered Rate

REMIC — Real Estate Mortgage Investment Conduit

SARL — Société à Responsabilité Limitée

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at December 31, 2020 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	40,093	$	—	$	2,060,856	$	2,100,949
Preferred Stocks		—		—		315,644		315,644
Exchange-Traded Funds		41,106,600		—		—		41,106,600
Money Market Fund		48,558,705		—		—		48,558,705
Senior Floating Rate Interests		—		573,596,808		25,818,969		599,415,777
Corporate Bonds		—		18,635,952		—		18,635,952
Collateralized Mortgage Obligations		—		16,433,905		—		16,433,905
Asset-Backed Securities		—		11,581,566		90		11,581,656
Total Assets	$	89,705,398	$	620,248,231	$	28,195,559	$	738,149,188

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Forward Foreign Currency Exchange Contracts**	$	—	$	529,888	$	—	$	529,888
Unfunded Loan Commitments (Note 5)		—		—		9,222		9,222
Total Liabilities	$	—	$	529,888	$	9,222	$	539,110

** This derivative is reported as unrealized appreciation/depreciation at period end.

The following is summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within the Level 3 of the fair value hierarchy:

Category	Ending Balance at December 31, 2020		Valuation Technique	Unobservable Inputs	Input Range	Weighted Average*
Assets:
Asset-Backed Securities	$	90	Option Adjusted Spread off the prior month end broker quote	Broker Quote	—	—
Common Stocks		1,573,724	Enterprise Value	Valuation Multiple	3.5x-19.2x	10.5x
Common Stocks		487,132	Option Adjusted Spread off the prior month end broker quote	Broker Quote	—	—
Preferred Stocks		315,644	Yield Analysis	Yield	18.2%	—
Senior Floating Rate Interests		14,165,231	Third Party Pricing	Broker Quote	—	—
Senior Floating Rate Interests		6,133,959	Yield Analysis	Yield	5.2%	5.2%
Senior Floating Rate Interests		5,519,779	Enterprise Value	Valuation Multiple	9.4x-19.2x	15.1x
Total Assets	$	28,195,559
Liabilities:
Unfunded Loan Commitments	$	9,222	Model Price	Purchase Price	—	—

* Inputs are weighted by the fair value of the instruments.

Significant changes in a quote, yield or valuation multiple would generally result in significant changes in the fair value of the security.

The Fund’s fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment’s valuation changes. For the period ended December 31, 2020, the Fund had securities with a total value of $493,414 transfer from Level 2 to Level 3 due to lack of observable inputs and had securities with a total market value of $6,314,171 transfer out of Level 3 to Level 2 due to the availability of current and reliable market-based data provided by a third-party pricing service which utilizes significant observable inputs.

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Summary of Fair Value Level 3 Activity

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2020:

	Assets													Liabilities
	Common Stocks			Senior Floating Rate Interests			Asset- Backed Securities		Preferred Stocks		Total Assets			Unfunded Loan Commitments
Beginning Balance	$	1,611,492		$	50,579,979		$	90	$	313,772	$	52,505,333		$	(8,851	)
Purchases/(Receipts)		474,312			4,905,852			-		-		5,380,164			(4,848	)
(Sales, maturities and paydowns)/Fundings		-			(23,402,885	)		-		-		(23,402,885	)		1,636
Amortization of premiums/discounts		-			32,292			-		-		32,292			3,636
Total realized gains (losses) included in earnings		-			(6,906,471	)		-		-		(6,906,471	)		(1,636	)
Total change in unrealized appreciation (depreciation) included in earnings		(24,948	)		6,430,959			-		1,872		6,407,883			841
Transfers into Level 3		-			493,414			-		-		493,414			-
Transfers out of Level 3		-			(6,314,171	)		-		-		(6,314,171	)		-
Ending Balance	$	2,060,856		$	25,818,969		$	90	$	315,644	$	28,195,559		$	(9,222	)
Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31, 2020	$	(24,948	)	$	(1,708,351	)	$	-	$	1,872	$	(1,731,427	)	$	841

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments, result in that company being considered an affiliated issuer, as defined in the 1940 Act.

Transactions during the period ended December 31, 2020, in which the company is an affiliated issuer, were as follows:

Security Name	Value 09/30/20		Additions		Reductions		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value 12/31/20		Shares 12/31/20
Common Stocks
BP Holdco LLC*	$	86,130	$	–	$	–	$	–	$	–		$	86,130		244,278
Targus Group International, Inc.*		26,242		–		–		–		(48	)		26,194		12,773
	$	112,372	$	–	$	–	$	–	$	(48	)	$	112,324

^* Non-income producing security.

High Yield Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 0.9%
Consumer, Non-cyclical - 0.3%
Chef Holdings, Inc.*,†††		7,502	$	634,547
ATD New Holdings, Inc.*,††		21,488		501,380
Targus Group International Equity, Inc.*,†††,1		12,825		26,300
Cengage Learning Holdings II, Inc.*,††		2,107		16,329
Spectrum Brands Holdings, Inc.		2		158
Crimson Wine Group Ltd.*		8		43
Save-A-Lot*,†††		17,185		–
Total Consumer, Non-cyclical				1,178,757
Utilities - 0.2%
TexGen Power LLC††		26,665		902,157
Energy - 0.2%
Unit Corp.*,†††		80,851		768,085
Summit Midstream Partners, LP*		1,760		21,982
Legacy Reserves, Inc.*,†††		3,452		3,452
Permian Production Partners LLC*,†††		57,028		–
Total Energy				793,519
Consumer, Cyclical - 0.2%
Metro-Goldwyn-Mayer, Inc.*,††		7,040		604,264
Industrial - 0.0%
BP Holdco LLC*,†††,1		23,711		8,360
Vector Phoenix Holdings, LP*,†††		23,711		2,302
Total Industrial				10,662
Financial - 0.0%
Jefferies Financial Group, Inc.		81		1,993
Total Common Stocks
(Cost $4,046,567)				3,491,352
PREFERRED STOCKS†† - 1.3%
Financial - 1.3%
Bank of America Corp., 4.38%*		57,000		1,513,350
American Equity Investment Life Holding Co., 5.95%		54,000		1,405,080
First Republic Bank, 4.13%		53,000		1,401,320
Assurant, Inc., 5.25% due 01/15/61*		30,000		820,800
Total Financial				5,140,550
Industrial - 0.0%
U.S. Shipping Corp.*,†††		14,718		–
Total Preferred Stocks
(Cost $5,225,000)				5,140,550
WARRANTS†† - 0.0%
SandRidge Energy, Inc.
$41.34, 10/04/22*		488		5
SandRidge Energy, Inc.
$42.03, 10/04/22*		205		3
Total Warrants
(Cost $43,811)				8
MONEY MARKET FUND† - 1.2%
Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 0.01%2		4,723,336		4,723,336
Total Money Market Fund
(Cost $4,723,336)				4,723,336
		Face Amount~
CORPORATE BONDS†† - 88.3%
Consumer, Non-cyclical - 15.4%
Kraft Heinz Foods Co.
5.00% due 06/04/42	$	3,500,000		4,106,457
4.88% due 10/01/493		1,750,000		2,041,591
4.38% due 06/01/464		1,200,000		1,298,334
5.20% due 07/15/45		325,000		386,443
5.50% due 06/01/503		275,000		346,432
DaVita, Inc.
3.75% due 02/15/313,4		3,075,000		3,122,232
4.63% due 06/01/303		850,000		902,062
Vector Group Ltd.
6.13% due 02/01/253		3,565,000		3,624,785
Sabre GLBL, Inc.
9.25% due 04/15/253		1,500,000		1,785,000
7.38% due 09/01/253		1,550,000		1,681,750
Nielsen Finance LLC / Nielsen Finance Co.
5.88% due 10/01/303		2,500,000		2,828,125
5.00% due 04/15/223		617,000		618,623
Prime Security Services Borrower LLC / Prime Finance, Inc.
5.75% due 04/15/263		1,600,000		1,752,000
3.38% due 08/31/273		1,700,000		1,687,250
US Foods, Inc.
6.25% due 04/15/253		2,748,000		2,936,925
AMN Healthcare, Inc.
4.63% due 10/01/273		1,800,000		1,885,626
4.00% due 04/15/293		1,000,000		1,022,500
Centene Corp.
3.00% due 10/15/30		1,700,000		1,801,830
4.25% due 12/15/27		1,000,000		1,060,000
Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc.
7.00% due 12/31/273		2,225,000		2,329,620
5.00% due 12/31/263		350,000		365,124
FAGE International S.A. / FAGE USA Dairy Industry, Inc.
5.63% due 08/15/263		2,540,000		2,603,500
Tenet Healthcare Corp.
7.50% due 04/01/253		1,700,000		1,857,250
5.13% due 11/01/273		400,000		423,500
Cheplapharm Arzneimittel GmbH
5.50% due 01/15/283		2,150,000		2,246,750
KeHE Distributors LLC / KeHE Finance Corp.
8.63% due 10/15/263		1,750,000		1,964,375
Carriage Services, Inc.
6.63% due 06/01/263		1,670,000		1,784,812
Molina Healthcare, Inc.
5.38% due 11/15/22		900,000		952,875
3.88% due 11/15/303		750,000		804,375
Par Pharmaceutical, Inc.
7.50% due 04/01/273		1,510,000		1,638,350
Nathan's Famous, Inc.
6.63% due 11/01/253		1,500,000		1,539,375
Central Garden & Pet Co.
4.13% due 10/15/30		1,125,000		1,172,812

High Yield Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 88.3% (continued)
Consumer, Non-cyclical - 15.4% (continued)
Syneos Health, Inc.
3.63% due 01/15/293		1,125,000	$	1,128,111
Bausch Health Companies, Inc.
7.00% due 03/15/243		1,075,000		1,105,906
Sotheby's
7.38% due 10/15/273		975,000		1,044,469
WEX, Inc.
4.75% due 02/01/233		750,000		750,937
Endo Dac / Endo Finance LLC / Endo Finco, Inc.
9.50% due 07/31/273		271,000		302,504
6.00% due 06/30/283		342,000		290,700
Gartner, Inc.
4.50% due 07/01/283		550,000		580,250
Lamb Weston Holdings, Inc.
4.88% due 05/15/283		325,000		362,781
TreeHouse Foods, Inc.
4.00% due 09/01/28		325,000		336,172
Acadia Healthcare Company, Inc.
5.00% due 04/15/293		150,000		160,125
Total Consumer, Non-cyclical				60,632,638
Communications - 14.9%
CCO Holdings LLC / CCO Holdings Capital Corp.
4.50% due 05/01/323		5,750,000		6,139,390
4.25% due 02/01/313		700,000		737,702
CSC Holdings LLC
6.50% due 02/01/293		1,825,000		2,060,516
4.13% due 12/01/303		1,700,000		1,777,520
4.63% due 12/01/303		1,425,000		1,487,344
3.38% due 02/15/313		1,250,000		1,226,563
Altice France S.A.
7.38% due 05/01/263		2,700,000		2,841,750
5.13% due 01/15/293		1,450,000		1,500,750
8.13% due 02/01/273		1,350,000		1,488,388
Level 3 Financing, Inc.
3.63% due 01/15/293,4		2,700,000		2,693,250
4.25% due 07/01/283		2,525,000		2,594,438
EIG Investors Corp.
10.88% due 02/01/24		4,644,000		4,804,218
Virgin Media Secured Finance plc
4.50% due 08/15/303		3,075,000		3,213,375
5.50% due 05/15/293		900,000		975,375
Cengage Learning, Inc.
9.50% due 06/15/243		3,564,000		3,332,340
Sirius XM Radio, Inc.
4.13% due 07/01/303		1,650,000		1,756,219
5.50% due 07/01/293		1,050,000		1,155,328
Vmed O2 UK Financing I plc
4.25% due 01/31/313		2,300,000		2,346,000
McGraw-Hill Global Education Holdings LLC / McGraw-Hill Global Education Finance
7.88% due 05/15/243		2,349,000		2,137,590
Virgin Media Finance plc
5.00% due 07/15/303		1,950,000		2,023,125
LCPR Senior Secured Financing DAC
6.75% due 10/15/273		1,600,000		1,722,000
Telenet Finance Lux Note
5.50% due 03/01/28		1,600,000		1,706,400
Lamar Media Corp.
4.88% due 01/15/29		900,000		956,250
3.75% due 02/15/28		575,000		590,927
Houghton Mifflin Harcourt Publishers, Inc.
9.00% due 02/15/253		1,500,000		1,526,250
QualityTech Limited Partnership / QTS Finance Corp.
3.88% due 10/01/283		1,450,000		1,479,000
T-Mobile USA, Inc.
3.30% due 02/15/513,4		1,200,000		1,234,596
Radiate Holdco LLC / Radiate Finance, Inc.
4.50% due 09/15/263		950,000		979,687
Match Group Holdings II LLC
4.63% due 06/01/283		900,000		943,313
Zayo Group Holdings, Inc.
4.00% due 03/01/273		900,000		902,250
TripAdvisor, Inc.
7.00% due 07/15/253		275,000		297,000
Total Communications				58,628,854
Consumer, Cyclical - 13.8%
LBC Tank Terminals Holding Netherlands BV
6.88% due 05/15/233		4,590,000		4,590,000
Suburban Propane Partners Limited Partnership/Suburban Energy Finance Corp.
5.75% due 03/01/25		1,950,000		1,989,000
5.88% due 03/01/27		1,460,000		1,525,700
1011778 BC ULC / New Red Finance, Inc.
4.00% due 10/15/303		2,175,000		2,204,210
3.50% due 02/15/293		1,275,000		1,273,406
JB Poindexter & Company, Inc.
7.13% due 04/15/263		2,975,000		3,146,062
Hilton Domestic Operating Company, Inc.
4.00% due 05/01/313		2,250,000		2,373,998
5.75% due 05/01/283		600,000		652,500
Live Nation Entertainment, Inc.
6.50% due 05/15/273		1,650,000		1,845,558
3.75% due 01/15/283		925,000		934,620
Clarios Global, LP
6.75% due 05/15/253		2,300,000		2,478,250
Boyd Gaming Corp.
8.63% due 06/01/253		2,025,000		2,252,185
Aramark Services, Inc.
6.38% due 05/01/253		2,075,000		2,217,656
Boyne USA, Inc.
7.25% due 05/01/253		2,107,000		2,209,716
Wolverine World Wide, Inc.
6.38% due 05/15/253		1,950,000		2,076,750

High Yield Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 88.3% (continued)
Consumer, Cyclical - 13.8% (continued)
Hanesbrands, Inc.
5.38% due 05/15/253		1,900,000	$	2,010,238
Titan International, Inc.
6.50% due 11/30/23		1,985,000		1,836,125
Delta Air Lines, Inc.
7.00% due 05/01/253,4		1,575,000		1,818,420
Superior Plus Limited Partnership / Superior General Partner, Inc.
7.00% due 07/15/263		1,500,000		1,603,125
Cedar Fair, LP / Canada's Wonderland Co. / Magnum Management Corp. / Millennium Operations LLC
5.50% due 05/01/253		1,500,000		1,563,750
Williams Scotsman International, Inc.
4.63% due 08/15/283		1,500,000		1,552,500
Wabash National Corp.
5.50% due 10/01/253		1,435,000		1,463,700
Allison Transmission, Inc.
3.75% due 01/30/313		1,150,000		1,176,594
4.75% due 10/01/273		200,000		210,500
Performance Food Group, Inc.
6.88% due 05/01/253		1,100,000		1,177,000
CD&R Smokey Buyer, Inc.
6.75% due 07/15/253		950,000		1,015,313
Picasso Finance Sub, Inc.
6.13% due 06/15/253		875,000		936,250
Yum! Brands, Inc.
3.63% due 03/15/31		925,000		935,018
Vail Resorts, Inc.
6.25% due 05/15/253		800,000		854,000
Six Flags Theme Parks, Inc.
7.00% due 07/01/253		675,000		729,000
Powdr Corp.
6.00% due 08/01/253		675,000		710,438
WMG Acquisition Corp.
3.00% due 02/15/313		700,000		686,000
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.
6.50% due 06/20/273		600,000		645,000
Burlington Coat Factory Warehouse Corp.
6.25% due 04/15/253		600,000		637,500
Clarios Global Limited Partnership / Clarios US Finance Co.
8.50% due 05/15/273		575,000		624,685
Wyndham Hotels & Resorts, Inc.
4.38% due 08/15/283		425,000		441,596
Total Consumer, Cyclical				54,396,363
Financial - 13.7%
Iron Mountain, Inc.
5.63% due 07/15/323		4,000,000		4,410,000
5.25% due 07/15/303		700,000		756,000
4.88% due 09/15/293		530,000		559,150
Hunt Companies, Inc.
6.25% due 02/15/263		4,715,000		4,832,875
NFP Corp.
6.88% due 08/15/283		4,050,000		4,324,104
Fidelity & Guaranty Life Holdings, Inc.
5.50% due 05/01/253		3,400,000		3,967,800
OneMain Finance Corp.
4.00% due 09/15/30		1,300,000		1,348,893
7.13% due 03/15/26		1,050,000		1,241,625
6.63% due 01/15/28		450,000		534,375
8.88% due 06/01/25		425,000		480,781
Quicken Loans LLC / Quicken Loans Company-Issuer, Inc.
3.88% due 03/01/313		3,200,000		3,320,000
Newmark Group, Inc.
6.13% due 11/15/23		2,900,000		3,150,730
United Shore Financial Services LLC
5.50% due 11/15/253		2,850,000		3,006,750
Jefferies Finance LLC / JFIN Company-Issuer Corp.
6.25% due 06/03/263		2,650,000		2,743,584
AmWINS Group, Inc.
7.75% due 07/01/263		1,825,000		1,959,868
Cushman & Wakefield US Borrower LLC
6.75% due 05/15/285		1,650,000		1,819,125
American Equity Investment Life Holding Co.
5.00% due 06/15/274		1,322,000		1,493,147
SLM Corp.
4.20% due 10/29/25		1,400,000		1,478,750
Greystar Real Estate Partners LLC
5.75% due 12/01/253		1,400,000		1,426,600
Charles Schwab Corp.
4.00%6,7		1,325,000		1,394,563
Bank of New York Mellon Corp.
3.70%6,7		1,175,000		1,215,713
USI, Inc.
6.88% due 05/01/253		1,150,000		1,178,750
CIT Group, Inc.
3.93% due 06/19/247		1,100,000		1,163,250
CNO Financial Group, Inc.
5.25% due 05/30/294		900,000		1,086,521
Assurant, Inc.
7.00% due 03/27/487		950,000		1,068,750
Goldman Sachs Group, Inc.
5.30%6,7		950,000		1,037,609
HUB International Ltd.
7.00% due 05/01/263		850,000		888,922
Wilton Re Finance LLC
5.88% due 03/30/333,4,7		650,000		681,394
Alliant Holdings Intermediate LLC / Alliant Holdings Company-Issuer
4.25% due 10/15/273		425,000		434,562

High Yield Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 88.3% (continued)
Financial - 13.7% (continued)
Quicken Loans LLC
5.25% due 01/15/283		400,000	$	427,000
LPL Holdings, Inc.
4.63% due 11/15/273		400,000		414,000
Total Financial				53,845,191
Industrial - 13.3%
Great Lakes Dredge & Dock Corp.
8.00% due 05/15/22		4,400,000		4,512,552
Grinding Media Inc. / MC Grinding Media Canada Inc.
7.38% due 12/15/233		3,900,000		3,958,500
New Enterprise Stone & Lime Company, Inc.
6.25% due 03/15/263		1,925,000		1,973,125
9.75% due 07/15/283		1,700,000		1,861,500
TransDigm, Inc.
6.25% due 03/15/263		2,350,000		2,502,750
8.00% due 12/15/253,4		950,000		1,050,035
Cleaver-Brooks, Inc.
7.88% due 03/01/233		3,325,000		3,283,437
Howmet Aerospace, Inc.
5.95% due 02/01/374		2,700,000		3,253,500
Harsco Corp.
5.75% due 07/31/273		2,925,000		3,093,188
Standard Industries, Inc.
3.38% due 01/15/313		1,625,000		1,633,125
4.38% due 07/15/303,4		850,000		909,270
5.00% due 02/15/273		525,000		548,625
PowerTeam Services LLC
9.03% due 12/04/253		2,750,000		3,059,678
Masonite International Corp.
5.38% due 02/01/283		1,375,000		1,476,406
5.75% due 09/15/263		1,400,000		1,463,000
Signature Aviation US Holdings, Inc.
4.00% due 03/01/283		2,400,000		2,415,960
Trinity Industries, Inc.
4.55% due 10/01/24		1,915,000		1,998,934
GrafTech Finance, Inc.
4.63% due 12/15/283		1,975,000		1,997,219
Amsted Industries, Inc.
4.63% due 05/15/303		1,600,000		1,676,000
EnerSys
4.38% due 12/15/273		1,250,000		1,321,875
EnPro Industries, Inc.
5.75% due 10/15/26		1,200,000		1,275,000
Summit Materials LLC / Summit Materials Finance Corp.
5.25% due 01/15/293		625,000		656,250
6.50% due 03/15/273		525,000		557,813
Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.
4.13% due 08/15/263		1,100,000		1,149,500
JELD-WEN, Inc.
6.25% due 05/15/253		1,050,000		1,134,000
Hillenbrand, Inc.
5.75% due 06/15/254		825,000		891,000
American Woodmark Corp.
4.88% due 03/15/263		850,000		871,250
Moog, Inc.
4.25% due 12/15/273		625,000		648,438
Vertical US Newco, Inc.
5.25% due 07/15/273		550,000		583,000
Ball Corp.
2.88% due 08/15/30		400,000		399,000
Total Industrial				52,153,930
Basic Materials - 6.3%
Carpenter Technology Corp.
6.38% due 07/15/28		3,200,000		3,531,340
4.45% due 03/01/23		600,000		628,331
Alcoa Nederland Holding BV
6.75% due 09/30/243		2,200,000		2,291,410
6.13% due 05/15/283		650,000		710,125
7.00% due 09/30/263		600,000		639,000
United States Steel Corp.
12.00% due 06/01/253		1,925,000		2,223,375
6.88% due 08/15/25		850,000		811,750
Kaiser Aluminum Corp.
4.63% due 03/01/283		1,790,000		1,857,125
6.50% due 05/01/253		700,000		749,000
Valvoline, Inc.
3.63% due 06/15/313		2,100,000		2,155,125
4.25% due 02/15/303		375,000		397,500
Minerals Technologies, Inc.
5.00% due 07/01/283		1,950,000		2,040,480
Ingevity Corp.
3.88% due 11/01/283		1,000,000		1,007,500
4.50% due 02/01/263		750,000		764,063
Arconic Corp.
6.00% due 05/15/253		1,175,000		1,254,312
WR Grace & Company-Conn
4.88% due 06/15/273		1,025,000		1,087,033
Novelis Corp.
5.88% due 09/30/263		1,000,000		1,045,000
HB Fuller Co.
4.25% due 10/15/28		425,000		435,625
Clearwater Paper Corp.
4.75% due 08/15/283		400,000		414,000
Yamana Gold, Inc.
4.63% due 12/15/274		256,000		279,902
Compass Minerals International, Inc.
6.75% due 12/01/273		250,000		270,625
Mirabela Nickel Ltd.
due 06/24/195,8		278,115		13,906
Total Basic Materials				24,606,527
Energy - 6.1%
Indigo Natural Resources LLC
6.88% due 02/15/263		3,550,000		3,629,875
NuStar Logistics, LP
5.63% due 04/28/27		1,510,000		1,608,150
6.38% due 10/01/30		1,125,000		1,274,400
6.00% due 06/01/26		525,000		567,793

High Yield Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
CORPORATE BONDS†† - 88.3% (continued)
Energy - 6.1% (continued)
American Midstream Partners Limited Partnership / American Midstream Finance Corp.
9.50% due 12/15/213		3,440,000		$	3,414,200
PDC Energy, Inc.
6.13% due 09/15/24		2,750,000			2,825,927
Exterran Energy Solutions Limited Partnership / EES Finance Corp.
8.13% due 05/01/25		3,092,000			2,581,820
Global Partners Limited Partnership / GLP Finance Corp.
7.00% due 08/01/27		1,500,000			1,605,000
6.88% due 01/15/293		625,000			676,562
CVR Energy, Inc.
5.75% due 02/15/283		1,375,000			1,302,813
Crestwood Midstream Partners Limited Partnership / Crestwood Midstream Finance Corp.
5.63% due 05/01/273		1,250,000			1,237,500
Parkland Corp.
6.00% due 04/01/263		1,075,000			1,128,750
Range Resources Corp.
5.00% due 03/15/23		905,000			882,375
Rattler Midstream, LP
5.63% due 07/15/253		575,000			607,344
TransMontaigne Partners Limited Partnership / TLP Finance Corp.
6.13% due 02/15/26		425,000			427,125
Basic Energy Services, Inc.
10.75% due 10/15/235		1,225,000			220,500
SandRidge Energy, Inc.
7.50% due 03/15/21†††		250,000			–
Total Energy					23,990,134
Technology - 3.3%
NCR Corp.
8.13% due 04/15/253		2,950,000			3,285,238
5.25% due 10/01/303		2,200,000			2,359,500
6.13% due 09/01/293		1,200,000			1,329,000
Boxer Parent Company, Inc.
7.13% due 10/02/253		2,025,000			2,198,031
Qorvo, Inc.
3.38% due 04/01/313		900,000			929,250
Open Text Holdings, Inc.
4.13% due 02/15/303		750,000			797,850
BY Crown Parent LLC / BY Bond Finance, Inc.
4.25% due 01/31/263		700,000			717,500
Presidio Holdings, Inc.
4.88% due 02/01/273		650,000			689,507
CDK Global, Inc.
5.25% due 05/15/293		500,000			553,960
PTC, Inc.
4.00% due 02/15/283		250,000			262,031
Total Technology					13,121,867
Utilities - 1.5%
Terraform Global Operating LLC
6.13% due 03/01/263		4,280,000			4,376,300
Clearway Energy Operating LLC
5.75% due 10/15/25		1,200,000			1,263,000
AmeriGas Partners Limited Partnership / AmeriGas Finance Corp.
5.75% due 05/20/27		375,000			426,634
Bruce Mansfield
due 08/01/23†††,5,8		1,008,000			504
Total Utilities					6,066,438
Total Corporate Bonds
(Cost $334,064,900)					347,441,942
SENIOR FLOATING RATE INTERESTS††,11 - 9.3%
Consumer, Cyclical - 2.6%
American Tire Distributors, Inc.
8.50% (1 Month USD LIBOR + 7.50% and 3 Month USD LIBOR + 7.50%, Rate Floor: 8.50%) due 09/02/24		1,313,429			1,248,414
7.00% (3 Month USD LIBOR + 6.00%, Rate Floor: 7.00%) due 09/01/23		330,924			319,672
Alexander Mann
5.34% (6 Month GBP LIBOR + 5.25%, Rate Floor: 5.25%) due 06/16/25		GBP	1,100,000		1,366,113
BBB Industries LLC
4.65% (1 Month USD LIBOR + 4.50%, Rate Floor: 4.50%) due 08/01/25		1,241,596			1,198,141
Playtika Holding Corp.
7.00% (3 Month USD LIBOR + 6.00%, Rate Floor: 7.00%) due 12/09/24		855,000			859,181
NES Global Talent
6.50% (3 Month USD LIBOR + 5.50%, Rate Floor: 6.50%) due 05/11/23†††		877,728			794,344
ScribeAmerica Intermediate Holdco LLC (Healthchannels)
4.65% (1 Month USD LIBOR + 4.50%, Rate Floor: 4.50%) due 04/03/25		785,517			748,205
PT Intermediate Holdings III LLC
6.50% (3 Month USD LIBOR + 5.50%, Rate Floor: 6.50%) due 10/15/25		742,500			690,525
Wabash National Corporation
4.00% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 09/28/27		637,500			633,516
Accuride Corp.
6.25% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 11/17/23		645,208			579,074
EnTrans International LLC
6.15% (1 Month USD LIBOR + 6.00%, Rate Floor: 6.00%) due 11/01/24		532,500			508,537

High Yield Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,11 - 9.3% (continued)
Consumer, Cyclical - 2.6% (continued)
Sotheby's
6.50% (1 Month USD LIBOR + 5.50%, Rate Floor: 6.50%) due 01/15/27		418,351	$	419,397
Blue Nile, Inc.
7.50% (3 Month USD LIBOR + 6.50%, Rate Floor: 7.50%) due 02/17/23		430,369		307,714
Apro LLC
5.00% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 11/14/26		209,471		209,209
Belk, Inc.
7.75% (3 Month USD LIBOR + 6.75%, Rate Floor: 7.75%) due 07/31/25		353,825		123,460
Total Consumer, Cyclical				10,005,502
Industrial - 2.4%
Bhi Investments LLC
5.50% (3 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 08/28/24		1,851,294		1,830,467
9.75% (3 Month USD LIBOR + 8.75%, Rate Floor: 9.75%) due 02/28/25†††		1,500,000		1,470,000
Diversitech Holdings, Inc.
8.50% (3 Month USD LIBOR + 7.50%, Rate Floor: 8.50%) due 06/02/25†††		1,783,737		1,761,440
American Residential Services LLC
4.25% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 10/15/27		1,175,000		1,172,062
JetBlue Airways Corp.
6.25% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 06/17/24		1,072,500		1,100,825
SkyMiles IP Ltd.
4.75% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 10/20/27		805,565		834,034
YAK MAT (YAK ACCESS LLC)
10.24% (3 Month USD LIBOR + 10.00%, Rate Floor: 10.00%) due 07/10/26		950,000		665,000
Avison Young (Canada), Inc.
5.23% (3 Month USD LIBOR + 5.00%, Rate Floor: 5.00%) due 01/31/26		539,000		510,255
Total Industrial				9,344,083
Communications - 2.2%
Cengage Learning Acquisitions, Inc.
5.25% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 06/07/23		2,364,996		2,263,135
Resource Label Group LLC
5.50% (3 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 05/26/23		1,219,389		1,134,032
9.50% (3 Month USD LIBOR + 8.50%, Rate Floor: 9.50%) due 11/26/23†††		1,009,662		888,503
McGraw-Hill Global Education Holdings LLC
5.00% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 05/04/22		1,811,227		1,761,618
Market Track LLC
5.25% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 06/05/24		1,628,081		1,505,975
GTT Communications, Inc.
3.00% (3 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 05/31/25		1,413,750		1,100,491
GTT Communications BV
due 12/31/21		167,352		153,127
Total Communications				8,806,881
Consumer, Non-cyclical - 1.6%
Endo Luxembourg Finance Co.
5.00% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 04/29/24		1,580,299		1,552,644
HAH Group Holding Co LLC
6.00% (3 Month USD LIBOR + 5.00%, Rate Floor: 6.00%) due 10/29/27		1,180,000		1,169,675
Quirch Foods Holdings LLC
6.25% (3 Month USD LIBOR + 5.25% and 6 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 10/27/27		975,000		967,687
CTI Foods Holding Co. LLC
8.00% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) (in-kind rate was 3.00%) due 05/03/24†††,9		600,843		564,792
10.00% (3 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) (in-kind rate was 6.00%) due 05/03/24†††,9		321,623		292,677
Springs Window Fashions
8.65% (1 Month USD LIBOR + 8.50%, Rate Floor: 8.50%) due 06/15/26		689,936		656,736
Moran Foods LLC
11.75% (3 Month USD LIBOR + 0.00%, Rate Floor: 1.00%) (in-kind rate was 10.75%) due 10/01/24†††,9		356,565		310,212
8.00% (3 Month USD LIBOR + 0.00%, Rate Floor: 1.00%) (in-kind rate was 7.00%) due 04/01/249		293,476		292,375

High Yield Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,11 - 9.3% (continued)
Consumer, Non-cyclical - 1.6% (continued)
Kronos Acquisition Holdings, Inc.
5.25% (3 Month USD LIBOR + 4.50%, Rate Floor: 5.25%) due 12/22/26		500,000	$	499,375
Total Consumer, Non-cyclical				6,306,173
Financial - 0.2%
Jefferies Finance LLC
4.50% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 09/30/27		773,063		771,130
Utilities - 0.2%
RS Ivy Holdco, Inc.
6.50% (3 Month USD LIBOR + 5.50%, Rate Floor: 6.50%) due 12/23/27		750,000		742,500
Technology - 0.1%
Planview Parent, Inc.
4.75% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 12/10/27		430,000		428,925
Energy - 0.0%
Permian Production Partners LLC
9.00% (1 Month USD LIBOR + 6.00%, Rate Floor: 7.00%) (in-kind rate was 2.00%) due 11/23/25†††,9		375,625		56,344
Total Senior Floating Rate Interests
(Cost $37,873,446)				36,461,538
U.S. TREASURY BILLS†† - 0.7%
U.S. Treasury Bills
0.10% due 03/04/2110		2,920,000		2,919,665
Total U.S. Treasury Bills
(Cost $2,919,497)				2,919,665
ASSET-BACKED SECURITIES†† - 0.5%
Collateralized Loan Obligations - 0.5%
Barings Middle Market CLO Ltd.
2019-IA, 1.99% (3 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 10/15/313,11		1,500,000		1,485,803
WhiteHorse X Ltd.
2015-10A, 5.52% (3 Month USD LIBOR + 5.30%, Rate Floor: 5.30%) due 04/17/273,11		750,000		557,345
Total Collateralized Loan Obligations				2,043,148
Total Asset-Backed Securities
(Cost $2,140,653)				2,043,148
Total Investments - 102.2%
(Cost $391,037,210)			$	402,221,539
Other Assets & Liabilities, net - (2.2)%				(8,611,645	)
Total Net Assets - 100.0%			$	393,609,894

Centrally Cleared Credit Default Swap Agreements Protection Sold††

Counterparty

Exchange

Index

Protection Premium Rate

Payment Frequency

Maturity Date

Notional Amount

Value

Upfront Premiums Paid

Unrealized Appreciation**

BofA Securities, Inc.

ICE

CDX.NA.HY.35.V1

5.00%

Quarterly

12/20/25

$

24,700,000

$

2,303,790

$

926,835

$

1,376,955

Forward Foreign Currency Exchange Contracts††
Counterparty	Contracts to Sell	Currency	Settlement Date	Settlement Value		Value at December 31, 2020		Unrealized Depreciation
Bank of America, N.A.	1,017,000	GBP	01/15/21	$	1,350,632	$	1,390,928	$	(40,296	)

~	The face amount is denominated in U.S. dollars unless otherwise indicated.
*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.
††	Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
1	Affiliated issuer.
2	Rate indicated is the 7-day yield as of December 31, 2020.

High Yield Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

3	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $273,798,629 (cost $261,752,321), or 69.6% of total net assets.
4	All or a portion of this security has been physically segregated or earmarked in connection with reverse repurchase agreements. At December 31, 2020, the total market value of segregated or earmarked security was $19,811,601 — See Note 2.
5	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $2,054,035 (cost $4,131,612), or 0.5% of total net assets — See Note 6.
6	Perpetual maturity.
7	Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.
8	Security is in default of interest and/or principal obligations.
9	Payment-in-kind security.
10	Rate indicated is the effective yield at the time of purchase.
11	Variable rate security. Rate indicated is the rate effective at December 31, 2020. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.

BofA — Bank of America

CDX.NA.HY.35.V1 — Credit Default Swap North American High Yield Series 35 Index Version 1

GBP — British Pound

ICE — Intercontinental Exchange

LIBOR — London Interbank Offered Rate

plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at December 31, 2020 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs			Total
Common Stocks	$	24,176	$	2,024,130	$	1,443,046		$	3,491,352
Preferred Stocks		—		5,140,550		—	*		5,140,550
Warrants		—		8		—			8
Money Market Fund		4,723,336		—		—			4,723,336
Corporate Bonds		—		347,441,438		504			347,441,942
Senior Floating Rate Interests		—		30,323,226		6,138,312			36,461,538
U.S. Treasury Bills		—		2,919,665		—			2,919,665
Asset-Backed Securities		—		2,043,148		—			2,043,148
Credit Default Swap Agreements**		—		1,376,955		—			1,376,955
Total Assets	$	4,747,512	$	391,269,120	$	7,581,862		$	403,598,494

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Forward Foreign Currency Exchange Contracts**	$	—	$	40,296	$	—	$	40,296
Unfunded Loan Commitments (Note 5)		—		—		6,653		6,653
Total Liabilities			$	40,296	$	6,653	$	46,949

*	Security has a market value of $0.
**	This derivative is reported as unrealized appreciation/depreciation at period end.

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of the period end, reverse repurchase agreements of $11,829,789 are categorized as Level 2 within the disclosure hierarchy — See Note 2.

High Yield Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

The following is summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within the Level 3 of the fair value hierarchy:

Category	Ending Balance at December 31, 2020		Valuation Technique	Unobservable Inputs	Input Range	Weighted Average*
Assets:
Common Stocks	$	768,085	Option Adjusted Spread off the prior month end broker quote	Broker Quote	—	—
Common Stocks		674,961	Enterprise Value	Valuation Multiple	2.9x-11.5x	9.2x
Corporate Bonds		504	Option Adjusted Spread off the prior month end broker quote	Broker Quote	—	—
Senior Floating Rate Interests		3,810,843	Third Party Pricing	Broker Quote	—	—
Senior Floating Rate Interests		1,470,000	Model Price	Market Comparable Yields	10.7%	—
Senior Floating Rate Interests		857,469	Enterprise Value	Valuation Multiple	9.4x	9.4x
Total Assets	$	7,581,862
Liabilities:
Unfunded Loan Commitments	$	6,653	Model Price	Purchase Price	—	—

* Inputs are weighted by the fair value of the instruments.

Significant changes in a quote, market comparable yields or valuation multiple would generally result in significant changes in the fair value of the security. Any remaining Level 3 securities held by the Fund and excluded from the table above, were not considered material to the Fund.

The Fund’s fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment’s valuation changes. For the period ended December 31, 2020, the Fund had securities with a total value of $1,761,944 transfer from Level 2 to Level 3 due to lack of observable inputs and had securities with a total market value of $1,194,532 transfer out of Level 3 to Level 2 due to the availability of current and reliable market-based data provided by a third-party pricing service which utilizes significant observable inputs.

Summary of Fair Value Level 3 Activity

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2020:

	Assets												Liabilities
	Common Stocks			Senior Floating Rate Interests			Corporate Bonds			Total Assets			Unfunded Loan Commitments
Beginning Balance	$	2,790,320		$	7,980,655		$	-	*	$	10,770,975		$	(61,765	)
Purchases/(Receipts)		747,872			233,894			-			981,766			(49,278	)
(Sales, maturities and paydowns)/Fundings		(442,960	)		(3,723,171	)		-			(4,166,131	)		5,769
Amortization of premiums/discounts		-			19,310			-			19,310			-
Total realized gains (losses) included in earnings		282,387			(1,021,628	)		-			(739,241	)		390,625
Total change in unrealized appreciation (depreciation) included in earnings		(1,032,416	)		1,180,187			-			147,771			(292,004	)
Transfers into Level 3		-			1,761,440			504			1,761,944			-
Transfers out of Level 3		(902,157	)		(292,375	)		-			(1,194,532	)		-
Ending Balance	$	1,443,046		$	6,138,312		$	504		$	7,581,862		$	(6,653	)
Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31, 2020	$	11,583		$	24,363		$	-		$	35,946		$	3,736

* Security has a market value of $0.

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments, result in that company being considered an affiliated issuer, as defined in the 1940 Act.

Transactions during the period ended December 31, 2020, in which the company is an affiliated issuer, were as follows:

Security Name	Value 09/30/20		Additions		Reductions		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value 12/31/20		Shares 12/31/20
Common Stocks
BP Holdco LLC*	$	8,360	$	–	$	–	$	–	$	–		$	8,360		23,711
Targus Group International Equity, Inc.*		26,349		–		–		–		(49	)		26,300		12,825
	$	34,709	$	–	$	–	$	–	$	(49	)	$	34,660

^* Non-income producing security.

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 1.1%
Diversified - 1.1%
Pershing Square Tontine Holdings, Ltd. — Class A*		622,890	$	17,266,511
Industrial - 0.0%
Constar International Holdings LLC*,†††		68		–
Total Common Stocks
(Cost $12,064,756)				17,266,511
PREFERRED STOCKS†† - 1.1%
Financial - 1.1%
Public Storage
4.63%		118,400		3,213,376
4.13%		30,400		824,752
Wells Fargo & Co., 4.70%,		148,000		3,904,240
Bank of America Corp., 4.38%*		106,000		2,814,300
American Financial Group, Inc., 4.50% due 09/15/60		86,800		2,419,116
First Republic Bank, 4.13%		53,200		1,406,608
CNO Financial Group, Inc., 5.13% due 11/25/60*		48,000		1,260,960
Assurant, Inc., 5.25% due 01/15/61*		38,000		1,039,680
W R Berkley Corp., 4.25% due 09/30/60		25,600		672,768
Total Financial				17,555,800
Industrial - 0.0%
Constar International Holdings LLC*,†††		7		–
Total Preferred Stocks
(Cost $16,360,000)				17,555,800
WARRANTS† - 0.0%
Pershing Square Tontine Holdings, Ltd.
$23.00, 07/24/25*		69,210		664,416
Total Warrants
(Cost $393,043)				664,416
EXCHANGE-TRADED FUNDS† - 4.4%
iShares iBoxx $ Investment Grade Corporate Bond ETF		437,910		60,488,508
iShares iBoxx High Yield Corporate Bond ETF		141,850		12,383,505
Total Exchange-Traded Funds
(Cost $65,811,372)				72,872,013
CLOSED-END FUNDS† - 0.2%
BlackRock MuniHoldings California Quality Fund, Inc.		115,186		1,727,790
BlackRock MuniYield California Quality Fund, Inc.		98,958		1,480,906
Total Closed-End Funds
(Cost $3,166,966)				3,208,696
MONEY MARKET FUND† - 0.5%
Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 0.01%2		7,672,314		7,672,314
Total Money Market Fund
(Cost $7,672,314)				7,672,314
		Face Amount~
CORPORATE BONDS†† - 46.5%
Financial - 17.7%
Charles Schwab Corp.
4.00%1,3		8,000,000		8,420,000
5.38%1,3		3,050,000		3,396,938
American International Group, Inc.
3.40% due 06/30/30		5,120,000		5,866,761
4.38% due 06/30/50		4,280,000		5,604,096
Wells Fargo & Co.
3.07% due 04/30/413		8,550,000		9,300,682
2.57% due 02/11/313		1,180,000		1,252,056
JPMorgan Chase & Co.
3.11% due 04/22/413		3,530,000		3,945,715
2.52% due 04/22/313		2,210,000		2,375,445
2.96% due 05/13/313		1,870,000		2,050,625
4.49% due 03/24/313		1,600,000		1,968,205
Bank of America Corp.
2.59% due 04/29/313		6,900,000		7,395,133
2.68% due 06/19/413		2,650,000		2,761,026
Citizens Financial Group, Inc.
3.25% due 04/30/30		8,070,000		9,094,079
2.50% due 02/06/30		607,000		645,066
Nationwide Mutual Insurance Co.
4.35% due 04/30/504		7,410,000		8,704,691
Five Corners Funding Trust II
2.85% due 05/15/304		6,540,000		7,234,620
Pershing Square Holdings Ltd.
3.25% due 11/15/304		4,500,000		4,535,908
5.50% due 07/15/224		2,000,000		2,112,100
Macquarie Bank Ltd.
3.62% due 06/03/304		6,030,000		6,601,428
Wilton RE Ltd.
6.00% †††,1,3,4		6,350,000		6,578,790
Reliance Standard Life Global Funding II
2.75% due 05/07/254		6,170,000		6,544,465
GLP Capital Limited Partnership / GLP Financing II, Inc.
4.00% due 01/15/31		3,600,000		3,928,392
5.30% due 01/15/29		1,900,000		2,198,205
Reinsurance Group of America, Inc.
3.15% due 06/15/30		5,350,000		5,849,781
Markel Corp.
6.00%1,3		5,210,000		5,763,563
Fidelity National Financial, Inc.
3.40% due 06/15/30		3,630,000		3,986,365
2.45% due 03/15/31		1,210,000		1,230,716
Lincoln National Corp.
3.40% due 01/15/31		3,170,000		3,632,589
4.38% due 06/15/50		1,200,000		1,546,549
Intercontinental Exchange, Inc.
3.00% due 06/15/50		2,430,000		2,575,513
2.65% due 09/15/40		2,400,000		2,463,180
Citigroup, Inc.
2.57% due 06/03/313		4,690,000		4,998,884
Prudential plc
3.13% due 04/14/30		4,365,000		4,948,754

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 46.5% (continued)
Financial - 17.7% (continued)
Equitable Holdings, Inc.
4.95%1,3		4,650,000	$	4,946,437
BlackRock, Inc.
1.90% due 01/28/31		4,400,000		4,605,614
Iron Mountain, Inc.
5.25% due 07/15/304		2,350,000		2,538,000
5.63% due 07/15/324		1,000,000		1,102,500
4.50% due 02/15/314		850,000		890,375
Standard Chartered plc
4.64% due 04/01/313,4		3,550,000		4,294,434
Aflac, Inc.
3.60% due 04/01/30		3,350,000		3,943,027
OneAmerica Financial Partners, Inc.
4.25% due 10/15/504		3,620,000		3,907,238
Host Hotels & Resorts, LP
3.50% due 09/15/30		3,685,000		3,882,306
Ares Finance Company II LLC
3.25% due 06/15/304		3,660,000		3,874,559
KKR Group Finance Company VI LLC
3.75% due 07/01/294		3,230,000		3,758,439
MetLife, Inc.
3.85%1,3		3,520,000		3,713,600
NFP Corp.
6.88% due 08/15/284		1,875,000		2,001,900
7.00% due 05/15/254		1,550,000		1,666,250
First American Financial Corp.
4.00% due 05/15/30		3,180,000		3,645,142
Deloitte LLP
3.56% due 05/07/30†††		3,400,000		3,580,994
Bank of New York Mellon Corp.
3.70%1,3		2,250,000		2,327,962
4.70%1,3		1,060,000		1,168,968
Arch Capital Group Ltd.
3.64% due 06/30/50		2,900,000		3,374,939
Quicken Loans LLC / Quicken Loans Company-Issuer, Inc.
3.88% due 03/01/314		3,150,000		3,268,125
Loews Corp.
3.20% due 05/15/30		2,870,000		3,260,372
Alleghany Corp.
3.63% due 05/15/30		2,850,000		3,206,148
KKR Group Finance Company VIII LLC
3.50% due 08/25/504		2,660,000		2,952,076
Everest Reinsurance Holdings, Inc.
3.50% due 10/15/50		2,560,000		2,903,936
Visa, Inc.
2.00% due 08/15/50		3,000,000		2,865,161
Belrose Funding Trust
2.33% due 08/15/304		2,780,000		2,861,068
Jefferies Group LLC
2.75% due 10/15/32		2,720,000		2,854,617
Teachers Insurance & Annuity Association of America
3.30% due 05/15/504		2,500,000		2,724,308
Massachusetts Mutual Life Insurance Co.
3.38% due 04/15/504		2,450,000		2,676,409
Liberty Mutual Group, Inc.
3.95% due 05/15/604		2,150,000		2,566,241
Goldman Sachs Group, Inc.
3.50% due 04/01/25		2,250,000		2,499,727
Brookfield Finance, Inc.
3.50% due 03/30/51		2,210,000		2,360,190
Cushman & Wakefield US Borrower LLC
6.75% due 05/15/285		2,075,000		2,287,688
PricewaterhouseCoopers LLP
3.43% due 09/13/30†††		2,000,000		2,091,488
Aon Corp.
2.80% due 05/15/30		1,840,000		2,007,389
HS Wildcat LLC
3.83% due 12/31/50†††		2,000,000		2,000,000
Manulife Financial Corp.
2.48% due 05/19/27		1,800,000		1,953,391
Fifth Third Bancorp
2.55% due 05/05/27		1,750,000		1,904,552
Australia & New Zealand Banking Group Ltd.
2.57% due 11/25/353,4		1,800,000		1,836,307
Dyal Capital Partners III
4.40% due 06/15/40†††		1,750,000		1,827,785
Credit Suisse Group AG
4.19% due 04/01/313,4		1,500,000		1,765,460
Kemper Corp.
2.40% due 09/30/30		1,510,000		1,537,269
National Australia Bank Ltd.
2.33% due 08/21/304		1,500,000		1,524,941
Allianz SE
3.50%1,3,4		1,400,000		1,426,250
Alexandria Real Estate Equities, Inc.
4.90% due 12/15/30		1,050,000		1,336,205
Crown Castle International Corp.
3.30% due 07/01/30		1,149,000		1,286,052
CNA Financial Corp.
2.05% due 08/15/30		1,250,000		1,274,433
Prudential Financial, Inc.
3.70% due 10/01/503		1,160,000		1,227,025
Camden Property Trust
2.80% due 05/15/30		1,100,000		1,221,615
Westpac Banking Corp.
2.96% due 11/16/40		1,100,000		1,171,361
United Shore Financial Services LLC
5.50% due 11/15/254		1,100,000		1,160,500
Central Storage Safety Project Trust
4.82% due 02/01/385		1,000,000		1,107,651
QBE Insurance Group Ltd.
5.88%1,3,4		1,000,000		1,092,500
Weyerhaeuser Co.
4.00% due 04/15/30		911,000		1,078,828
W R Berkley Corp.
4.00% due 05/12/50		850,000		1,036,889

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 46.5% (continued)
Financial - 17.7% (continued)
PartnerRe Finance B LLC
4.50% due 10/01/503		940,000	$	984,793
CIT Group, Inc.
3.93% due 06/19/243		925,000		978,188
Apollo Management Holdings, LP
2.65% due 06/05/304		930,000		950,587
Nasdaq, Inc.
3.25% due 04/28/50		850,000		933,992
Brown & Brown, Inc.
2.38% due 03/15/31		800,000		837,291
Protective Life Corp.
3.40% due 01/15/304		740,000		797,923
Ameriprise Financial, Inc.
3.00% due 04/02/25		690,000		751,181
New York Life Insurance Co.
3.75% due 05/15/504		600,000		717,740
Aviation Capital Group LLC
2.88% due 01/20/224		700,000		708,799
Alliant Holdings Intermediate LLC / Alliant Holdings Company-Issuer
4.25% due 10/15/274		550,000		562,375
American Equity Investment Life Holding Co.
5.00% due 06/15/27		486,000		548,918
Hanover Insurance Group, Inc.
2.50% due 09/01/30		480,000		500,989
Fidelity & Guaranty Life Holdings, Inc.
5.50% due 05/01/254		400,000		466,800
SBA Communications Corp.
3.88% due 02/15/274		350,000		367,605
Assurant, Inc.
1.50% (3 Month USD LIBOR + 1.25%) due 03/26/216		289,000		289,004
KKR Group Finance Company III LLC
5.13% due 06/01/444		100,000		131,265
LPL Holdings, Inc.
5.75% due 09/15/254		100,000		103,442
Total Financial				291,517,853
Consumer, Non-cyclical - 7.3%
Sysco Corp.
5.95% due 04/01/30		6,860,000		9,014,350
CoStar Group, Inc.
2.80% due 07/15/304		5,810,000		6,036,800
DaVita, Inc.
4.63% due 06/01/304		2,963,000		3,144,484
3.75% due 02/15/314		2,777,000		2,819,655
Altria Group, Inc.
3.40% due 05/06/30		3,110,000		3,489,408
2.35% due 05/06/25		1,180,000		1,253,732
4.45% due 05/06/50		390,000		461,069
Quanta Services, Inc.
2.90% due 10/01/30		4,740,000		5,082,022
BAT Capital Corp.
3.98% due 09/25/50		2,800,000		2,921,910
4.70% due 04/02/27		1,410,000		1,657,983
Kraft Heinz Foods Co.
4.38% due 06/01/46		1,260,000		1,363,251
5.50% due 06/01/504		875,000		1,102,283
4.25% due 03/01/314		700,000		780,540
4.88% due 10/01/494		625,000		729,140
5.00% due 06/04/42		500,000		586,637
Zimmer Biomet Holdings, Inc.
3.55% due 03/20/30		3,850,000		4,359,672
Royalty Pharma plc
3.55% due 09/02/504		2,690,000		2,866,061
2.20% due 09/02/304		1,410,000		1,447,957
Constellation Brands, Inc.
2.88% due 05/01/30		2,680,000		2,936,689
3.75% due 05/01/50		950,000		1,118,575
Alcon Finance Corp.
2.60% due 05/27/304		3,290,000		3,505,177
RELX Capital, Inc.
3.00% due 05/22/30		2,930,000		3,253,543
Nielsen Finance LLC / Nielsen Finance Co.
5.63% due 10/01/284		2,600,000		2,825,030
Keurig Dr Pepper, Inc.
3.20% due 05/01/30		2,361,000		2,673,182
Centene Corp.
3.00% due 10/15/30		2,500,000		2,649,750
Anheuser-Busch InBev Worldwide, Inc.
3.50% due 06/01/30		2,225,000		2,577,358
McCormick & Company, Inc.
2.50% due 04/15/30		2,350,000		2,516,499
Boston Scientific Corp.
2.65% due 06/01/30		2,070,000		2,217,182
Yale-New Haven Health Services Corp.
2.50% due 07/01/50		2,250,000		2,200,882
Emory University
2.97% due 09/01/50		2,000,000		2,134,656
Becton Dickinson and Co.
2.82% due 05/20/30		1,890,000		2,077,289
California Institute of Technology
3.65% due 09/01/19		1,600,000		1,816,847
Global Payments, Inc.
2.90% due 05/15/30		1,620,000		1,763,974
Universal Health Services, Inc.
2.65% due 10/15/304		1,320,000		1,370,310
5.00% due 06/01/264		300,000		309,750
US Foods, Inc.
6.25% due 04/15/254		1,550,000		1,656,562
Quest Diagnostics, Inc.
2.80% due 06/30/31		1,510,000		1,655,690
Ascension Health
2.53% due 11/15/29		1,500,000		1,643,406
Duke University
2.83% due 10/01/55		1,500,000		1,622,930

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 46.5% (continued)
Consumer, Non-cyclical - 7.3% (continued)
Health Care Service Corporation A Mutual Legal Reserve Co.
3.20% due 06/01/504		1,480,000	$	1,600,902
Johnson & Johnson
2.45% due 09/01/60		1,500,000		1,560,292
Kimberly-Clark de Mexico SAB de CV
2.43% due 07/01/314		1,500,000		1,549,530
Transurban Finance Company Pty Ltd.
2.45% due 03/16/314		1,300,000		1,363,745
AMN Healthcare, Inc.
4.63% due 10/01/274		750,000		785,677
4.00% due 04/15/294		500,000		511,250
Hologic, Inc.
3.25% due 02/15/294		1,250,000		1,271,875
Cheplapharm Arzneimittel GmbH
4.38% due 01/15/28	EUR	1,000,000		1,250,464
Thermo Fisher Scientific, Inc.
4.50% due 03/25/30		1,000,000		1,249,772
Avantor Funding, Inc.
4.63% due 07/15/284		1,050,000		1,110,375
OhioHealth Corp.
3.04% due 11/15/50		1,000,000		1,094,650
Wisconsin Alumni Research Foundation
3.56% due 10/01/49		1,000,000		1,085,750
Memorial Sloan-Kettering Cancer Center
2.96% due 01/01/50		1,000,000		1,064,084
Johns Hopkins University
2.81% due 01/01/60		1,000,000		1,054,543
Smithfield Foods, Inc.
3.00% due 10/15/304		970,000		1,026,334
Children's Hospital Corp.
2.59% due 02/01/50		1,000,000		999,785
Children's Health System of Texas
2.51% due 08/15/50		1,000,000		974,298
Sabre GLBL, Inc.
7.38% due 09/01/254		875,000		949,375
Prime Security Services Borrower LLC / Prime Finance, Inc.
3.38% due 08/31/274		925,000		918,063
Gartner, Inc.
3.75% due 10/01/304		650,000		684,944
4.50% due 07/01/284		150,000		158,250
Service Corporation International
3.38% due 08/15/30		750,000		780,158
Moody's Corp.
3.25% due 05/20/50		700,000		776,948
Central Garden & Pet Co.
4.13% due 10/15/30		625,000		651,563
Post Holdings, Inc.
4.63% due 04/15/304		600,000		631,176
Tenet Healthcare Corp.
4.63% due 06/15/284		475,000		497,562
Jaguar Holding Company II / PPD Development, LP
4.63% due 06/15/254		400,000		421,844
Acadia Healthcare Company, Inc.
5.00% due 04/15/294		150,000		160,125
Total Consumer, Non-cyclical				119,825,569
Industrial - 6.0%
Boeing Co.
5.15% due 05/01/30		8,000,000		9,682,012
5.71% due 05/01/40		4,380,000		5,684,017
5.81% due 05/01/50		3,440,000		4,740,819
5.04% due 05/01/27		2,150,000		2,513,504
3.63% due 02/01/31		1,450,000		1,586,852
FedEx Corp.
4.25% due 05/15/30		5,415,000		6,579,297
WRKCo, Inc.
3.00% due 06/15/33		5,370,000		5,899,840
Sonoco Products Co.
3.13% due 05/01/30		4,808,000		5,343,353
Textron, Inc.
2.45% due 03/15/31		3,600,000		3,706,358
3.00% due 06/01/30		1,355,000		1,460,621
Snap-on, Inc.
3.10% due 05/01/50		3,860,000		4,359,595
Berry Global, Inc.
1.57% due 01/15/264		4,100,000		4,137,105
National Basketball Association
2.51% due 12/16/24		4,000,000		4,014,604
Acuity Brands Lighting, Inc.
2.15% due 12/15/30		3,000,000		3,043,591
BAE Systems plc
3.40% due 04/15/304		2,659,000		3,012,314
Owens Corning
3.88% due 06/01/30		2,380,000		2,745,243
GATX Corp.
4.00% due 06/30/30		2,110,000		2,493,597
Carrier Global Corp.
2.70% due 02/15/31		2,210,000		2,374,472
Standard Industries, Inc.
3.38% due 01/15/314		1,175,000		1,180,875
4.38% due 07/15/304		750,000		802,298
5.00% due 02/15/274		350,000		365,750
Ball Corp.
2.88% due 08/15/30		2,154,000		2,148,615
Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.
4.13% due 08/15/264		2,050,000		2,142,250
CNH Industrial Capital LLC
1.88% due 01/15/26		1,880,000		1,968,823
Trinity Industries, Inc.
4.55% due 10/01/24		1,775,000		1,852,798
Vulcan Materials Co.
3.50% due 06/01/30		1,510,000		1,734,404
Flowserve Corp.
3.50% due 10/01/30		1,550,000		1,654,530
Ryder System, Inc.
3.35% due 09/01/25		1,470,000		1,634,011

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 46.5% (continued)
Industrial - 6.0% (continued)
IDEX Corp.
3.00% due 05/01/30		1,450,000	$	1,596,336
FLIR Systems, Inc.
2.50% due 08/01/30		1,340,000		1,406,483
Bemis Company, Inc.
2.63% due 06/19/30		1,230,000		1,332,020
Xylem, Inc.
2.25% due 01/30/31		1,100,000		1,158,501
Graphic Packaging International LLC
3.50% due 03/01/294		1,125,000		1,150,312
Vertical US Newco, Inc.
5.25% due 07/15/274		850,000		901,000
Howmet Aerospace, Inc.
6.88% due 05/01/25		675,000		789,750
Great Lakes Dredge & Dock Corp.
8.00% due 05/15/22		450,000		461,511
TransDigm, Inc.
8.00% due 12/15/254		300,000		331,590
Oshkosh Corp.
3.10% due 03/01/30		240,000		261,755
EnerSys
5.00% due 04/30/234		50,000		52,313
Total Industrial				98,303,119
Consumer, Cyclical - 5.0%
Delta Air Lines, Inc.
7.00% due 05/01/254		8,800,000		10,160,060
Marriott International, Inc.
3.50% due 10/15/32		3,300,000		3,608,828
4.63% due 06/15/30		2,830,000		3,320,946
5.75% due 05/01/25		1,900,000		2,222,433
Walgreens Boots Alliance, Inc.
4.10% due 04/15/50		4,510,000		4,773,750
3.20% due 04/15/30		2,254,000		2,448,533
Hyatt Hotels Corp.
5.38% due 04/23/25		3,950,000		4,463,962
5.75% due 04/23/30		1,510,000		1,856,226
Starbucks Corp.
2.55% due 11/15/30		4,600,000		4,974,876
Smithsonian Institution
2.70% due 09/01/44		4,000,000		4,119,664
VF Corp.
2.95% due 04/23/30		3,306,000		3,657,934
1011778 BC ULC / New Red Finance, Inc.
4.00% due 10/15/304		2,850,000		2,888,276
5.75% due 04/15/254		450,000		481,500
Delta Air Lines Inc. / SkyMiles IP Ltd.
4.50% due 10/20/254		3,150,000		3,366,906
Choice Hotels International, Inc.
3.70% due 01/15/31		2,860,000		3,167,507
Ferguson Finance plc
3.25% due 06/02/304		2,840,000		3,166,909
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.
6.50% due 06/20/274		2,550,000		2,741,250
Steelcase, Inc.
5.13% due 01/18/29		2,224,000		2,582,143
BorgWarner, Inc.
2.65% due 07/01/27		2,310,000		2,483,913
WMG Acquisition Corp.
3.00% due 02/15/314		1,925,000		1,886,500
3.88% due 07/15/304		500,000		531,385
Lowe's Companies, Inc.
4.50% due 04/15/30		1,850,000		2,302,820
Whirlpool Corp.
4.60% due 05/15/50		1,430,000		1,850,327
Northern Group Housing LLC
6.80% due 08/15/534		1,100,000		1,659,394
Aramark Services, Inc.
6.38% due 05/01/254		1,400,000		1,496,250
5.00% due 02/01/284		85,000		89,569
Hilton Domestic Operating Company, Inc.
5.38% due 05/01/254		1,450,000		1,540,625
Six Flags Theme Parks, Inc.
7.00% due 07/01/254		1,060,000		1,144,800
Dollar General Corp.
3.50% due 04/03/30		700,000		803,581
American Airlines Class AA Pass Through Trust
3.20% due 06/15/28		809,500		789,338
Cedar Fair, LP / Canada's Wonderland Co. / Magnum Management Corp. / Millennium Operations LLC
5.50% due 05/01/254		650,000		677,625
Williams Scotsman International, Inc.
4.63% due 08/15/284		450,000		465,750
Hanesbrands, Inc.
5.38% due 05/15/254		420,000		444,369
Performance Food Group, Inc.
6.88% due 05/01/254		275,000		294,250
JB Poindexter & Company, Inc.
7.13% due 04/15/264		200,000		211,500
Total Consumer, Cyclical				82,673,699
Communications - 3.8%
ViacomCBS, Inc.
4.95% due 01/15/31		4,478,000		5,620,464
4.95% due 05/19/50		2,490,000		3,225,348
4.75% due 05/15/25		2,260,000		2,623,821
2.90% due 01/15/27		450,000		493,786
Level 3 Financing, Inc.
3.63% due 01/15/294		2,850,000		2,842,875
4.25% due 07/01/284		2,650,000		2,722,875
3.88% due 11/15/294		1,150,000		1,277,098
T-Mobile USA, Inc.
3.88% due 04/15/304		4,750,000		5,501,450
Walt Disney Co.
2.65% due 01/13/31		2,490,000		2,729,818
3.80% due 05/13/60		2,000,000		2,541,040

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 46.5% (continued)
Communications - 3.8% (continued)
Charter Communications Operating LLC / Charter Communications Operating Capital
2.80% due 04/01/31		4,525,000	$	4,786,004
AT&T, Inc.
2.75% due 06/01/31		3,200,000		3,419,594
Booking Holdings, Inc.
4.63% due 04/13/30		2,370,000		2,944,913
4.50% due 04/13/27		390,000		463,849
Virgin Media Secured Finance plc
4.50% due 08/15/304		2,350,000		2,455,750
CCO Holdings LLC / CCO Holdings Capital Corp.
4.50% due 05/01/324		1,700,000		1,815,124
4.25% due 02/01/314		425,000		447,891
CSC Holdings LLC
3.38% due 02/15/314		1,000,000		981,250
4.13% due 12/01/304		600,000		627,360
5.50% due 05/15/264		550,000		572,000
Amazon.com, Inc.
2.70% due 06/03/60		1,610,000		1,721,640
Fox Corp.
3.50% due 04/08/30		931,000		1,057,525
3.05% due 04/07/25		450,000		491,043
Sirius XM Radio, Inc.
4.13% due 07/01/304		1,400,000		1,490,125
Altice France S.A.
7.38% due 05/01/264		950,000		999,875
5.13% due 01/15/294		450,000		465,750
Radiate Holdco LLC / Radiate Finance, Inc.
4.50% due 09/15/264		1,300,000		1,340,625
Zayo Group Holdings, Inc.
4.00% due 03/01/274		1,225,000		1,228,062
QualityTech Limited Partnership / QTS Finance Corp.
3.88% due 10/01/284		1,150,000		1,173,000
Virgin Media Vendor Financing Notes IV DAC
5.00% due 07/15/284		1,100,000		1,144,000
Verizon Communications, Inc.
3.15% due 03/22/30		1,000,000		1,121,411
Match Group Holdings II LLC
4.63% due 06/01/284		900,000		943,313
LCPR Senior Secured Financing DAC
6.75% due 10/15/274		500,000		538,125
Telenet Finance Lux Note
5.50% due 03/01/28		400,000		426,600
Lamar Media Corp.
4.00% due 02/15/30		375,000		389,062
Switch Ltd.
3.75% due 09/15/284		300,000		304,500
Virgin Media Finance plc
5.00% due 07/15/304		200,000		207,500
Total Communications				63,134,466
Energy - 2.7%
Exxon Mobil Corp.
2.61% due 10/15/30		9,450,000		10,322,069
BP Capital Markets plc
4.88% 1,3		7,530,000		8,401,221
Galaxy Pipeline Assets Bidco Ltd.
3.25% due 09/30/404		6,250,000		6,594,496
Sabine Pass Liquefaction LLC
4.50% due 05/15/304		4,190,000		4,966,313
Magellan Midstream Partners, LP
3.95% due 03/01/50		2,000,000		2,253,982
3.25% due 06/01/30		1,500,000		1,695,028
Valero Energy Corp.
2.15% due 09/15/27		950,000		970,676
2.85% due 04/15/25		750,000		798,781
4.00% due 04/01/29		500,000		562,505
Chevron USA, Inc.
2.34% due 08/12/50		1,850,000		1,830,324
Equinor ASA
2.38% due 05/22/30		1,210,000		1,295,123
Florida Gas Transmission Company LLC
2.55% due 07/01/304		1,000,000		1,053,996
NuStar Logistics, LP
6.38% due 10/01/30		700,000		792,960
6.00% due 06/01/26		200,000		216,302
Midwest Connector Capital Company LLC
4.63% due 04/01/294		910,000		953,912
Baker Hughes a GE Company LLC / Baker Hughes Co-Obligor, Inc.
4.49% due 05/01/30		410,000		492,681
Phillips 66
3.70% due 04/06/23		250,000		267,745
Total Energy				43,468,114
Technology - 1.7%
NetApp, Inc.
2.70% due 06/22/30		8,100,000		8,703,306
Broadcom, Inc.
4.15% due 11/15/30		4,230,000		4,897,334
Leidos, Inc.
2.30% due 02/15/314		2,350,000		2,392,768
3.63% due 05/15/254		600,000		670,854
4.38% due 05/15/304		200,000		239,490
Qorvo, Inc.
4.38% due 10/15/29		1,380,000		1,518,303
3.38% due 04/01/314		650,000		671,125
NCR Corp.
5.00% due 10/01/284		2,050,000		2,162,750
MSCI, Inc.
3.88% due 02/15/314		1,925,000		2,035,687
Apple, Inc.
2.55% due 08/20/60		1,550,000		1,594,147

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 46.5% (continued)
Technology - 1.7% (continued)
CDW LLC / CDW Finance Corp.
3.25% due 02/15/29		810,000	$	825,957
Boxer Parent Company, Inc.
7.13% due 10/02/254		750,000		814,086
Analog Devices, Inc.
2.95% due 04/01/25		400,000		436,578
Black Knight InfoServ LLC
3.63% due 09/01/284		400,000		409,500
Booz Allen Hamilton, Inc.
3.88% due 09/01/284		300,000		309,000
Entegris, Inc.
4.38% due 04/15/284		100,000		106,625
Total Technology				27,787,510
Basic Materials - 1.3%
Newcrest Finance Pty Ltd.
3.25% due 05/13/304		3,600,000		3,976,416
4.20% due 05/13/504		1,700,000		2,077,967
Anglo American Capital plc
5.63% due 04/01/304		3,400,000		4,320,142
3.95% due 09/10/504		970,000		1,088,321
2.63% due 09/10/304		250,000		261,422
Nucor Corp.
2.70% due 06/01/30		3,000,000		3,298,890
Carpenter Technology Corp.
6.38% due 07/15/28		1,425,000		1,572,550
WR Grace & Company-Conn
4.88% due 06/15/274		1,241,000		1,316,105
Minerals Technologies, Inc.
5.00% due 07/01/284		1,100,000		1,151,040
Reliance Steel & Aluminum Co.
2.15% due 08/15/30		810,000		832,215
Corporation Nacional del Cobre de Chile
3.75% due 01/15/314		680,000		768,244
Alcoa Nederland Holding BV
5.50% due 12/15/274		425,000		465,065
6.13% due 05/15/284		225,000		245,812
Steel Dynamics, Inc.
3.25% due 01/15/31		490,000		547,940
Total Basic Materials				21,922,129
Utilities - 1.0%
Cheniere Corpus Christi Holdings LLC
3.52% due 12/31/39†††		6,700,000		6,642,213
Puget Energy, Inc.
6.00% due 09/01/21		2,180,000		2,256,074
AES Corp.
3.95% due 07/15/304		1,760,000		1,989,522
NRG Energy, Inc.
2.45% due 12/02/274		1,750,000		1,842,444
Arizona Public Service Co.
3.35% due 05/15/50		1,300,000		1,509,553
Black Hills Corp.
2.50% due 06/15/30		940,000		987,257
Alexander Funding Trust
1.84% due 11/15/234		950,000		960,813
Clearway Energy Operating LLC
4.75% due 03/15/284		225,000		241,312
Total Utilities				16,429,188
Total Corporate Bonds
(Cost $701,909,222)				765,061,647
ASSET-BACKED SECURITIES†† - 22.3%
Collateralized Loan Obligations - 14.0%
Octagon Investment Partners 49 Ltd.
2021-5A, 1.77% (3 Month USD LIBOR + 1.55%, Rate Floor: 1.55%) due 01/15/334,6		8,500,000		8,500,000
2021-5A, 2.28% (3 Month USD LIBOR + 2.28%, Rate Floor: 2.28%) due 01/15/334,6		7,450,000		7,450,000
Woodmont Trust
2020-7A, 2.13% (3 Month USD LIBOR + 1.90%, Rate Floor: 0.00%) due 01/15/324,6		12,000,000		12,000,000
2020-7A, 2.83% (3 Month USD LIBOR + 2.60%, Rate Floor: 0.00%) due 01/15/324,6		3,750,000		3,750,000
Cerberus Loan Funding XXX, LP
2020-3A, 2.07% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 01/15/334,6		13,500,000		13,500,000
2020-3A, 2.72% (3 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 01/15/334,6		2,000,000		2,000,000
Dryden 33 Senior Loan Fund
2020-33A, 2.24% (3 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 04/15/294,6		8,000,000		8,000,000
2020-33A, 1.24% (3 Month USD LIBOR + 1.00%, Rate Floor: 1.00%) due 04/15/294,6		4,250,000		4,250,000
2020-33A, 1.64% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 04/15/294,6		3,000,000		3,000,000
Ares LVIII CLO Ltd.
2020-58A, 1.76% (3 Month USD LIBOR + 1.55%, Rate Floor: 1.55%) due 01/15/334,6		7,600,000		7,600,000

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 22.3% (continued)
Collateralized Loan Obligations - 14.0% (continued)
2020-58A, 2.36% (3 Month USD LIBOR + 2.15%, Rate Floor: 2.15%) due 01/15/334,6		3,750,000	$	3,750,000
BXMT Ltd.
2020-FL2, 1.05% (1 Month USD LIBOR + 0.90%, Rate Floor: 0.90%) due 02/16/374,6		4,250,000		4,228,831
2020-FL2, 1.55% (1 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 02/16/374,6		2,000,000		1,962,558
2020-FL2, 1.30% (1 Month USD LIBOR + 1.15%, Rate Floor: 1.15%) due 02/16/374,6		1,500,000		1,479,316
2020-FL3, 1.90% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 03/15/374,6		1,250,000		1,251,730
2020-FL3, 2.70% (1 Month USD LIBOR + 2.55%, Rate Floor: 2.55%) due 03/15/374,6		1,000,000		1,001,455
2020-FL3, 2.30% (1 Month USD LIBOR + 2.15%, Rate Floor: 2.15%) due 03/15/374,6		1,000,000		1,001,441
Benefit Street Partners CLO XXII Ltd.
2020-22A, 1.76% (3 Month USD LIBOR + 1.55%, Rate Floor: 1.55%) due 01/20/324,6		8,700,000		8,700,000
2020-22A, 2.36% (3 Month USD LIBOR + 2.15%, Rate Floor: 2.15%) due 01/20/324,6		1,000,000		1,000,000
Dryden 36 Senior Loan Fund
2020-36A, 2.20% (3 Month USD LIBOR + 2.05%, Rate Floor: 2.05%) due 04/15/294,6		8,000,000		8,000,000
KREF Funding V LLC
1.90% due 06/25/26†††		8,000,000		7,699,450
0.15% due 06/25/26†††		21,818,182		18,764
ABPCI Direct Lending Fund IX LLC
2020-9A, 2.19% (3 Month USD LIBOR + 1.95%, Rate Floor: 1.95%) due 11/18/314,6		5,000,000		5,009,207
2020-9A, 2.84% (3 Month USD LIBOR + 2.60%, Rate Floor: 2.60%) due 11/18/314,6		1,000,000		1,002,510
MidOcean Credit CLO VII
2020-7A, 1.28% (3 Month USD LIBOR + 1.04%, Rate Floor: 0.00%) due 07/15/294,6		3,000,000		2,975,714
2020-7A, 1.84% (3 Month USD LIBOR + 1.60%, Rate Floor: 0.00%) due 07/15/294,6		2,000,000		1,956,172
2020-7A, 1.69% (3 Month USD LIBOR + 1.45%, Rate Floor: 0.00%) due 07/15/294,6		1,000,000		997,560
Palmer Square Loan Funding Ltd.
2018-4A, 1.12% (3 Month USD LIBOR + 0.90%, Rate Floor: 0.00%) due 11/15/264,6		2,947,949		2,945,161
2019-3A, 1.07% (3 Month USD LIBOR + 0.85%, Rate Floor: 0.85%) due 08/20/274,6		1,060,515		1,059,257
2018-4A, 1.67% (3 Month USD LIBOR + 1.45%, Rate Floor: 0.00%) due 11/15/264,6		1,000,000		991,869
Parliament Funding II Ltd.
2020-1A, 2.76% (3 Month USD LIBOR + 2.45%, Rate Floor: 2.45%) due 08/12/304,6		4,000,000		3,999,934
2020-1A, 3.51% (3 Month USD LIBOR + 3.20%, Rate Floor: 3.20%) due 08/12/304,6		1,000,000		994,674
Venture XIV CLO Ltd.
2020-14A, 1.25% (3 Month USD LIBOR + 1.03%, Rate Floor: 1.03%) due 08/28/294,6		4,250,000		4,221,979
Golub Capital Partners CLO Ltd.
2018-36A, 1.53% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 02/05/314,6		4,100,000		4,052,865
GoldenTree Loan Management US CLO 1 Ltd.
2020-1A, 1.17% (3 Month USD LIBOR + 0.95%, Rate Floor: 0.95%) due 04/20/294,6		3,000,000		2,994,068
2020-1A, 1.67% (3 Month USD LIBOR + 1.45%, Rate Floor: 1.45%) due 04/20/294,6		1,000,000		985,655

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 22.3% (continued)
Collateralized Loan Obligations - 14.0% (continued)
STWD Ltd.
2019-FL1, 1.56% (1 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 07/15/384,6		2,883,000	$	2,873,171
2019-FL1, 1.76% (1 Month USD LIBOR + 1.60%, Rate Floor: 1.60%) due 07/15/384,6		1,000,000		988,392
Wellfleet CLO Ltd.
2020-2A, 1.28% (3 Month USD LIBOR + 1.06%, Rate Floor: 0.00%) due 10/20/294,6		3,250,000		3,230,795
Whitebox CLO II Ltd.
2020-2A, 1.99% (3 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 10/24/314,6		2,000,000		2,000,341
2020-2A, 2.49% (3 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 10/24/314,6		1,000,000		1,001,953
Denali Capital CLO XI Ltd.
2018-1A, 1.35% (3 Month USD LIBOR + 1.13%, Rate Floor: 0.00%) due 10/20/284,6		3,000,000		2,986,018
GPMT Ltd.
2019-FL2, 1.45% (1 Month USD LIBOR + 1.30%, Rate Floor: 1.30%) due 02/22/364,6		2,000,000		1,988,138
2019-FL2, 2.05% (1 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 02/22/364,6		1,000,000		988,539
NXT Capital CLO LLC
2017-1A, 1.92% (3 Month USD LIBOR + 1.70%, Rate Floor: 0.00%) due 04/20/294,6		1,800,000		1,791,641
2018-1A, 1.81% (3 Month USD LIBOR + 1.60%, Rate Floor: 0.00%) due 04/21/274,6		1,000,000		999,931
Lake Shore MM CLO III LLC
2020-1A, 2.53% (3 Month USD LIBOR + 2.30%, Rate Floor: 2.30%) due 10/15/294,6		2,750,000		2,751,431
KREF Ltd.
2018-FL1, 1.25% (1 Month USD LIBOR + 1.10%, Rate Floor: 1.10%) due 06/15/364,6		2,500,000		2,487,626
Crown Point CLO III Ltd.
2017-3A, 1.69% (3 Month USD LIBOR + 1.45%, Rate Floor: 0.00%) due 12/31/274,6		2,000,000		1,982,312
2017-3A, 1.15% (3 Month USD LIBOR + 0.91%, Rate Floor: 0.00%) due 12/31/274,6		421,639		420,632
Wind River CLO Ltd.
2017-2A, 1.11% (3 Month USD LIBOR + 0.87%, Rate Floor: 0.00%) due 10/15/274,6		2,293,405		2,284,313
Marathon CLO V Ltd.
2017-5A, 1.08% (3 Month USD LIBOR + 0.87%, Rate Floor: 0.00%) due 11/21/274,6		1,300,656		1,292,399
2017-5A, 1.66% (3 Month USD LIBOR + 1.45%, Rate Floor: 0.00%) due 11/21/274,6		1,000,000		986,423
Venture XII CLO Ltd.
2018-12A, 1.02% (3 Month USD LIBOR + 0.80%, Rate Floor: 0.80%) due 02/28/264,6		1,059,586		1,052,776
2018-12A, 1.42% (3 Month USD LIBOR + 1.20%, Rate Floor: 1.20%) due 02/28/264,6		1,000,000		976,257
Ares LVII CLO Ltd.
2020-57A, 1.99% (3 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 10/25/314,6		2,000,000		2,005,871
TCW CLO Ltd.
2020-1A, 1.86% (3 Month USD LIBOR + 1.65%, Rate Floor: 1.65%) due 10/20/314,6		2,000,000		1,999,995
Apres Static CLO Ltd.
2020-1A, 3.44% (3 Month USD LIBOR + 1.70%, Rate Floor: 0.00%) due 10/15/284,6		2,000,000		1,996,577
Golub Capital Partners CLO 16 Ltd.
2017-16A, 2.07% (3 Month USD LIBOR + 1.85%, Rate Floor: 0.00%) due 07/25/294,6		2,000,000		1,991,978

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 22.3% (continued)
Collateralized Loan Obligations - 14.0% (continued)
Fortress Credit Opportunities XI CLO Ltd.
2018-11A, 1.54% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 04/15/314,6		2,000,000	$	1,976,799
BDS Ltd.
2020-FL5, 1.51% (1 Month USD LIBOR + 1.35%, Rate Floor: 1.35%) due 02/16/374,6		1,000,000		983,691
2020-FL5, 1.96% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 02/16/374,6		1,000,000		977,150
Shackleton CLO Ltd.
2018-6RA, 1.24% (3 Month USD LIBOR + 1.02%, Rate Floor: 1.02%) due 07/17/284,6		1,956,807		1,951,250
MP CLO VIII Ltd.
2018-2A, 1.13% (3 Month USD LIBOR + 0.91%, Rate Floor: 0.00%) due 10/28/274,6		1,927,289		1,916,096
Canyon Capital CLO 2014-1 Ltd.
2018-1A, 1.71% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 01/30/314,6		1,900,000		1,885,769
LoanCore Issuer Ltd.
2019-CRE2, 1.66% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 05/15/364,6		1,000,000		996,133
2018-CRE1, 1.29% (1 Month USD LIBOR + 1.13%, Rate Floor: 1.13%) due 05/15/284,6		793,619		792,834
Hunt CRE Ltd.
2018-FL2, 1.24% (1 Month USD LIBOR + 1.08%, Rate Floor: 1.08%) due 08/15/284,6		1,750,000		1,732,453
KVK CLO Ltd.
2018-1A, 1.15% (3 Month USD LIBOR + 0.93%, Rate Floor: 0.00%) due 05/20/294,6		860,600		858,467
2017-1A, 1.13% (3 Month USD LIBOR + 0.90%, Rate Floor: 0.00%) due 01/14/284,6		829,786		826,166
Newfleet CLO Ltd.
2018-1A, 1.17% (3 Month USD LIBOR + 0.95%, Rate Floor: 0.00%) due 04/20/284,6		1,663,535		1,655,002
Carlyle Global Market Strategies CLO Ltd.
2018-2A, 1.00% (3 Month USD LIBOR + 0.78%, Rate Floor: 0.00%) due 04/27/274,6		1,531,850		1,521,243
Canyon CLO Ltd.
2020-1A, 2.98% (3 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 07/15/284,6		1,500,000		1,502,430
Allegro CLO IX Ltd.
2018-3A, 1.40% (3 Month USD LIBOR + 1.17%, Rate Floor: 1.17%) due 10/16/314,6		1,500,000		1,489,066
OCP CLO Ltd.
2020-4A, 1.67% (3 Month USD LIBOR + 1.45%, Rate Floor: 1.45%) due 04/24/294,6		1,500,000		1,467,240
NewStar Clarendon Fund CLO LLC
2019-1A, 1.52% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 01/25/274,6		1,428,981		1,427,589
610 Funding CLO 3 Ltd.
2018-3A, 1.47% (3 Month USD LIBOR + 1.25%, Rate Floor: 0.00%) due 07/17/284,6		1,272,173		1,270,734
Owl Rock CLO IV Ltd.
2020-4A, 3.17% (3 Month USD LIBOR + 2.62%, Rate Floor: 2.62%) due 05/20/294,6		1,250,000		1,250,375
Voya CLO Ltd.
2020-1A, 1.30% (3 Month USD LIBOR + 1.06%, Rate Floor: 1.06%) due 04/15/314,6		1,250,000		1,245,077
Halcyon Loan Advisors Funding Ltd.
2017-3A, 1.12% (3 Month USD LIBOR + 0.90%, Rate Floor: 0.00%) due 10/18/274,6		1,114,009		1,108,821
FDF II Ltd.
2016-2A, 4.29% due 05/12/314		1,000,000		1,009,541

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 22.3% (continued)
Collateralized Loan Obligations - 14.0% (continued)
FDF I Ltd.
2015-1A, 4.40% due 11/12/304		1,000,000	$	1,007,564
Apres Static CLO 2 Ltd.
2020-1A, 3.99% (3 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 04/15/284,6		1,000,000		1,001,809
TCP Waterman CLO Ltd.
2016-1A, 2.27% (3 Month USD LIBOR + 2.05%, Rate Floor: 0.00%) due 12/15/284,6		1,000,000		1,000,364
Monroe Capital BSL CLO Ltd.
2017-1A, 1.96% (3 Month USD LIBOR + 1.75%, Rate Floor: 0.00%) due 05/22/274,6		1,000,000		998,894
Diamond CLO Ltd.
2018-1A, 1.72% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 07/22/304,6		1,000,000		996,153
THL Credit Lake Shore MM CLO I Ltd.
2019-1A, 1.94% (3 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 04/15/304,6		1,000,000		994,448
Owl Rock CLO I Ltd.
2019-1A, 2.02% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 05/20/314,6		1,000,000		994,219
Northwoods Capital XII-B Ltd.
2018-12BA, 2.07% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 06/15/314,6		1,000,000		984,666
NewStar Fairfield Fund CLO Ltd.
2018-2A, 1.49% (3 Month USD LIBOR + 1.27%, Rate Floor: 1.27%) due 04/20/304,6		989,329		977,179
Dryden 37 Senior Loan Fund
2015-37A, due 01/15/314,7		1,000,000		857,449
Mountain View CLO Ltd.
2018-1A, 1.04% (3 Month USD LIBOR + 0.80%, Rate Floor: 0.80%) due 10/15/264,6		802,710		799,856
Golub Capital Partners CLO 17 Ltd.
2017-17A, 1.87% (3 Month USD LIBOR + 1.65%, Rate Floor: 0.00%) due 10/25/304,6		750,000		747,463
Cerberus Loan Funding XXVI, LP
2019-1A, 1.99% (3 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 04/15/314,6		750,000		744,180
BSPRT Issuer Ltd.
2018-FL3, 1.21% (1 Month USD LIBOR + 1.05%, Rate Floor: 1.05%) due 03/15/284,6		705,203		700,705
Fortress Credit Opportunities IX CLO Ltd.
2017-9A, 1.77% (3 Month USD LIBOR + 1.55%, Rate Floor: 0.00%) due 11/15/294,6		636,000		633,553
Treman Park CLO Ltd.
2015-1A, due 10/20/284,7		500,000		400,709
Avery Point V CLO Ltd.
2017-5A, 1.20% (3 Month USD LIBOR + 0.98%, Rate Floor: 0.00%) due 07/17/264,6		290,908		290,907
THL Credit Wind River CLO Ltd.
2019-1A, 1.12% (3 Month USD LIBOR + 0.88%, Rate Floor: 0.00%) due 01/15/264,6		188,741		188,701
Monroe Capital CLO Ltd.
2017-1A, 1.57% (3 Month USD LIBOR + 1.35%, Rate Floor: 0.00%) due 10/22/264,6		156,741		156,709
Babson CLO Ltd.
2014-IA, due 07/20/254,7		650,000		48,165
Copper River CLO Ltd.
2007-1A, due 01/20/215,7		700,000		20,580
Total Collateralized Loan Obligations				229,795,878
Financial - 2.7%
Station Place Securitization Trust
2020-9, 1.64% (1 Month USD LIBOR + 1.50%, Rate Floor: 0.00%) due 02/15/21†††,5,6		13,000,000		13,000,000
2020-12, 1.64% (1 Month USD LIBOR + 1.50%, Rate Floor: 0.00%) due 06/09/21†††,4,6		2,250,000		2,250,000
2020-16, 1.14% (1 Month USD LIBOR + 1.00%, Rate Floor: 1.00%) due 12/22/214,6		11,500,000		11,500,000
2020-WL1, 2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 0.00%) due 06/25/51†††,5,6		1,000,000		1,000,000

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
ASSET-BACKED SECURITIES†† - 22.3% (continued)
Financial - 2.7% (continued)
2020-14, 1.29% (1 Month USD LIBOR + 1.15%, Rate Floor: 0.00%) due 03/10/21†††,4,6		1,000,000		$	1,000,000
Aesf Vi Verdi LP
2.15% due 11/25/24†††		EUR	5,000,000		6,082,474
Strategic Partners Fund VIII LP
3.15% due 03/10/25†††		3,500,000			3,561,779
Madison Avenue Secured Funding Trust Series
2020-1, 1.77% (1 Month USD LIBOR + 1.63%, Rate Floor: 0.00%) due 12/13/21†††,4,6		3,000,000			3,000,000
Oxford Finance Funding
2020-1A, 3.10% due 02/15/284		1,500,000			1,535,249
Nassau LLC
2019-1, 3.98% due 08/15/344		1,076,667			1,095,883
Total Financial					44,025,385
Whole Business - 1.7%
Domino's Pizza Master Issuer LLC
2017-1A, 4.12% due 07/25/474		6,790,000			7,274,127
2017-1A, 1.47% (3 Month USD LIBOR + 1.25%, Rate Floor: 0.00%) due 07/25/474,6		970,000			970,951
Arbys Funding LLC
2020-1A, 3.24% due 07/30/504		6,733,125			6,879,974
ServiceMaster Funding LLC
2020-1, 2.84% due 01/30/514		4,000,000			4,073,400
Taco Bell Funding LLC
2016-1A, 4.97% due 05/25/464		3,618,750			3,902,822
Wendy's Funding LLC
2019-1A, 3.78% due 06/15/494		1,412,760			1,496,862
2015-1A, 4.50% due 06/15/454		426,375			432,613
Wingstop Funding LLC
2020-1A, 2.84% due 12/05/504		1,800,000			1,836,486
Applebee's Funding LLC / IHOP Funding LLC
2019-1A, 4.72% due 06/07/494		997,500			970,657
Total Whole Business					27,837,892
Transport-Aircraft - 0.9%
AASET US Ltd.
2018-2A, 4.45% due 11/18/384		2,852,481			2,694,794
Castlelake Aircraft Securitization Trust
2018-1, 4.13% due 06/15/434		1,315,537			1,250,423
2017-1, 3.97% due 07/15/42		1,310,714			1,227,428
AASET Trust
2020-1A, 3.35% due 01/16/404		1,901,727			1,790,113
2017-1A, 3.97% due 05/16/424		419,010			388,592
Sapphire Aviation Finance II Ltd.
2020-1A, 3.23% due 03/15/404		2,119,364			2,051,777
MAPS Ltd.
2018-1A, 4.21% due 05/15/434		1,987,250			1,893,795
Sapphire Aviation Finance I Ltd.
2018-1A, 4.25% due 03/15/404		1,820,826			1,761,960
WAVE LLC
2019-1, 3.60% due 09/15/444		935,759			912,512
AIM Aviation Finance Ltd.
2015-1A, 4.21% due 02/15/404		762,781			591,650
Falcon Aerospace Ltd.
2017-1, 4.58% due 02/15/424		480,026			459,851
Raspro Trust
2005-1A, 1.14% (3 Month USD LIBOR + 0.93%, Rate Floor: 0.93%) due 03/23/244,6		405,814			395,274
Turbine Engines Securitization Ltd.
2013-1A, 5.13% due 12/13/485		422,684			342,404
Total Transport-Aircraft					15,760,573
Net Lease - 0.8%
Capital Automotive REIT
2020-1A, 3.81% due 02/15/504		2,249,062			2,352,366
2020-1A, 3.48% due 02/15/504		1,249,479			1,308,619
Capital Automotive LLC
2017-1A, 3.87% due 04/15/474		2,758,225			2,762,400

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 22.3% (continued)
Net Lease - 0.8% (continued)
Store Master Funding I-VII
2016-1A, 3.96% due 10/20/464	$	,673,073	$	2,746,302
Oak Street Investment Grade Net Lease Fund Series
2020-1A, 2.26% due 11/20/504		2,500,000		2,517,526
STORE Master Funding LLC
2014-1A, 5.00% due 04/20/444		1,450,625		1,521,864
CF Hippolyta LLC
2020-1, 2.28% due 07/15/604		715,784		726,857
2020-1, 2.60% due 07/15/604		238,595		240,911
Total Net Lease				14,176,845
Transport-Container - 0.8%
Textainer Marine Containers VII Ltd.
2020-1A, 2.73% due 08/21/454		4,487,642		4,616,104
CLI Funding VI LLC
2020-3A, 2.07% due 10/18/454		1,945,000		1,961,667
2020-1A, 2.08% due 09/18/454		1,930,000		1,950,331
CAL Funding IV Ltd.
2020-1A, 2.22% due 09/25/454		1,957,500		1,982,388
Global SC Finance II SRL
2014-1A, 3.19% due 07/17/294		1,254,167		1,254,182
Textainer Marine Containers VIII Ltd.
2020-2A, 2.10% due 09/20/454		976,723		990,367
Total Transport-Container				12,755,039
Infrastructure - 0.7%
SBA Tower Trust
2.33% due 01/15/284		9,250,000		9,323,237
Secured Tenant Site Contract Revenue Notes Series
2018-1A, 3.97% due 06/15/484		1,050,692		1,075,145
Diamond Issuer LLC
2020-1A, 2.74% due 07/20/504		1,000,000		1,000,215
Total Infrastructure				11,398,597
Collateralized Debt Obligations - 0.5%
Anchorage Credit Funding Ltd.
2016-4A, 3.50% due 02/15/354		3,750,000		3,765,694
2016-3A, 3.85% due 10/28/334		1,000,000		1,010,657
Anchorage Credit Funding 3 Ltd.
2021-3A, 2.87% due 01/28/394		3,750,000		3,754,058
Putnam Structured Product Funding Ltd.
2003-1A, 1.18% (1 Month USD LIBOR + 1.00%, Rate Floor: 0.00%) due 10/15/385,6		77,680		77,432
Total Collateralized Debt Obligations				8,607,841
Insurance - 0.1%
JGWPT XXV LLC
2012-1A, 4.21% due 02/16/654		1,401,226		1,642,029
Chesterfield Financial Holdings LLC
2014-1A, 4.50% due 12/15/344		357,750		367,862
Total Insurance				2,009,891
Diversified Payment Rights - 0.1%
Bib Merchant Voucher Receivables Ltd.
4.18% due 04/07/28†††		1,000,000		1,075,422
Total Asset-Backed Securities
(Cost $366,743,670)				367,443,363
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 15.1%
Government Agency - 7.2%
Fannie Mae
2.24% due 01/01/51†††		6,000,000		6,074,087
2.00% due 09/01/50		5,126,629		5,039,203
2.43% due 01/01/30		4,500,000		4,869,673
3.60% due 03/01/31		4,000,000		4,729,715
2.36% due 08/01/50		4,500,000		4,592,813
2.55% due 12/01/29		3,000,000		3,270,490
2.20% due 11/01/27		2,596,635		2,783,647
4.17% due 02/01/49		2,000,000		2,428,799
3.59% due 02/01/29		2,025,000		2,292,682
3.09% due 10/01/29		2,000,000		2,267,495
2.81% due 09/01/39		2,000,000		2,256,600
2.24% due 01/01/50		2,000,000		2,233,233
3.11% due 04/01/30		1,951,779		2,187,854
2.46% due 01/01/30		2,000,000		2,171,673
2.30% due 11/01/29		2,000,000		2,163,659
2.39% due 02/01/27		2,000,000		2,158,608
2.40% due 03/01/40		2,000,000		2,132,308
2.11% due 10/01/50		1,894,359		1,891,135
2.27% due 01/01/51		1,750,000		1,763,290
2.39% due 02/01/51		1,457,000		1,494,336
due 12/25/438		1,508,267		1,382,247
4.24% due 08/01/48		1,000,000		1,178,400
4.27% due 12/01/33		970,345		1,177,239
3.83% due 05/01/49		1,000,000		1,175,397
3.74% due 02/01/30		1,000,000		1,174,039
3.61% due 04/01/39		1,000,000		1,163,324
2.99% due 01/01/40		1,000,000		1,156,684
2.79% due 01/01/32		985,705		1,102,842
3.46% due 08/01/49		979,347		1,096,336
2.69% due 10/01/34		978,551		1,066,668
2.68% due 04/01/50		987,648		1,066,166
2.34% due 05/01/27		988,432		1,063,146
1.68% due 09/01/37		989,056		1,011,141
2.96% due 11/01/29		900,000		1,010,503
1.83% due 08/01/40		989,032		1,004,488
2.10% due 07/01/50		992,378		990,249
1.76% due 08/01/40		1,000,000		977,772
2.90% due 11/01/29		850,000		951,110
4.07% due 05/01/49		783,206		922,954
4.37% due 10/01/48		729,752		875,927
4.25% due 05/01/48		646,034		751,121
2.99% due 09/01/29		650,000		731,902
3.05% due 10/01/29		500,000		557,645
3.01% due 12/01/27		500,000		543,163
3.94% due 10/01/36		339,081		411,034

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

 

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 15.1% (continued)
Government Agency - 7.2% (continued)
Freddie Mac Multifamily Structured Pass Through Certificates
2019-1513, 2.80% due 08/25/34		3,950,000	$	4,509,059
2017-KW03, 3.02% due 06/25/27		3,000,000		3,353,920
2020-KJ28, 2.31% due 10/25/27		1,850,000		1,987,307
2018-K073, 3.45% (WAC) due 01/25/286		1,200,000		1,394,285
2019-KJ27, 2.59% due 03/25/25		1,150,000		1,235,036
2018-K078, 3.92% due 06/25/28		1,000,000		1,191,529
2018-K074, 3.60% due 02/25/28		1,000,000		1,167,604
2017-K066, 3.20% due 06/25/27		1,000,000		1,139,550
Fannie Mae-Aces
2020-M23, 1.50% (WAC) due 03/25/356,9		26,168,678		3,598,541
2020-M23, 1.74% due 03/25/35		3,220,000		3,302,451
2017-M11, 2.98% due 08/25/29		2,500,000		2,839,383
Freddie Mac Seasoned Credit Risk Transfer Trust
2020-3, 2.00% due 05/25/60		4,870,083		5,016,655
2020-2, 2.00% due 11/25/59		1,867,146		1,924,443
Freddie Mac
1.98% due 05/01/50		1,399,056		1,401,406
2018-4762, 4.00% due 01/15/46		1,000,000		1,048,788
Total Government Agency				118,452,754
Residential Mortgage Backed Securities - 5.0%
CSMC Trust
2020-RPL5, 3.02% due 08/25/604		7,351,750		7,372,687
2018-RPL9, 3.85% (WAC) due 09/25/574,6		1,885,714		2,016,602
2020-NQM1, 1.72% due 05/25/654,10		890,039		891,907
Verus Securitization Trust
2020-1, 2.42% due 01/25/604,10		1,862,819		1,897,522
2019-4, 2.85% due 11/25/594,10		1,540,170		1,575,029
2019-4, 2.64% due 11/25/594,10		1,436,380		1,469,682
Cascade Funding Mortgage Trust
2018-RM2, 4.00% (WAC) due 10/25/685,6		3,239,311		3,344,554
2019-RM3, 2.80% (WAC) due 06/25/695,6		842,591		852,593
CIM Trust
2018-R2, 3.69% (WAC) due 08/25/574,6		2,057,359		2,058,971
2018-R4, 4.07% (WAC) due 12/26/574,6		2,027,872		2,036,819
Starwood Mortgage Residential Trust
2019-1, 2.94% (WAC) due 06/25/494,6		931,683		945,020
2020-1, 2.41% (WAC) due 02/25/504,6		924,890		944,734
2020-1, 2.56% (WAC) due 02/25/504,6		924,890		943,125
2020-1, 2.28% (WAC) due 02/25/504,6		709,426		725,043
JP Morgan Mortgage Acquisition Trust 2006-WMC4
2006-WMC4, 0.28% (1 Month USD LIBOR + 0.13%, Rate Floor: 0.13%) due 12/25/366		4,316,777		3,328,828
IXIS Real Estate Capital Trust
2007-HE1, 0.31% (1 Month USD LIBOR + 0.16%, Rate Floor: 0.16%) due 05/25/376		6,286,477		2,166,317
2006-HE1, 0.75% (1 Month USD LIBOR + 0.60%, Rate Floor: 0.60%) due 03/25/366		1,455,260		959,735
Argent Securities Incorporated Asset-Backed Pass-Through Certificates Series
2005-W2, 0.88% (1 Month USD LIBOR + 0.74%, Rate Floor: 0.74%) due 10/25/356		2,000,000		1,981,657
2005-W4, 0.91% (1 Month USD LIBOR + 0.76%, Rate Floor: 0.76%) due 02/25/366		1,141,409		1,037,147
BRAVO Residential Funding Trust
2019-NQM1, 2.67% (WAC) due 07/25/594,6		1,523,140		1,558,934
2019-NQM2, 2.75% (WAC) due 11/25/594,6		1,316,219		1,357,463

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 15.1% (continued)
Residential Mortgage Backed Securities - 5.0% (continued)
GSAA Home Equity Trust
2005-6, 0.79% (1 Month USD LIBOR + 0.65%, Rate Floor: 0.65%) due 06/25/356		2,870,963	$	2,906,632
New Residential Mortgage Loan Trust
2018-2A, 3.50% (WAC) due 02/25/584,6		1,171,441		1,228,099
2019-6A, 3.50% (WAC) due 09/25/594,6		812,422		862,032
2018-1A, 4.00% (WAC) due 12/25/574,6		568,829		615,106
NovaStar Mortgage Funding Trust Series
2007-2, 0.35% (1 Month USD LIBOR + 0.20%, Rate Cap/Floor: 11.00%/0.20%) due 09/25/376		1,734,321		1,661,615
2007-1, 0.28% (1 Month USD LIBOR + 0.13%, Rate Cap/Floor: 11.00%/0.13%) due 03/25/376		1,304,231		956,642
Securitized Asset Backed Receivables LLC Trust 2006-WM4
2006-WM4, 0.27% (1 Month USD LIBOR + 0.12%, Rate Floor: 0.12%) due 11/25/366		5,755,307		2,299,228
Homeward Opportunities Fund I Trust
2019-3, 2.68% (WAC) due 11/25/594,6		1,248,081		1,270,625
2019-2, 2.70% (WAC) due 09/25/594,6		798,467		807,258
Lehman XS Trust Series
2007-4N, 0.35% (1 Month USD LIBOR + 0.20%, Rate Floor: 0.20%) due 03/25/476		2,091,111		2,074,491
JP Morgan Mortgage Acquisition Trust
2006-WMC4, 0.27% (1 Month USD LIBOR + 0.12%, Rate Floor: 0.12%) due 12/25/366		2,917,373		1,869,293
Residential Mortgage Loan Trust
2020-1, 2.38% (WAC) due 02/25/244,6		827,637		843,442
2020-1, 2.68% (WAC) due 02/25/244,6		827,637		841,840
Angel Oak Mortgage Trust
2020-1, 2.77% (WAC) due 12/25/594,6		1,611,368		1,638,012
American Home Mortgage Investment Trust
2007-1, 2.08% due 05/25/479		7,984,061		1,334,575
SPS Servicer Advance Receivables Trust
2020-T2, 1.83% due 11/15/554		1,250,000		1,257,273
LSTAR Securities Investment Ltd.
2019-5, 1.66% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 11/01/244,6		1,271,108		1,256,636
SG Residential Mortgage Trust
2019-3, 2.70% (WAC) due 09/25/594,6		1,203,080		1,219,613
Citigroup Mortgage Loan Trust, Inc.
2007-AMC1, 0.31% (1 Month USD LIBOR + 0.16%, Rate Floor: 0.16%) due 12/25/364,6		1,754,897		1,212,226
ACE Securities Corporation Home Equity Loan Trust Series
2006-NC1, 0.76% (1 Month USD LIBOR + 0.62%, Rate Floor: 0.62%) due 12/25/356		1,250,000		1,190,563
Long Beach Mortgage Loan Trust
2006-6, 0.40% (1 Month USD LIBOR + 0.25%, Rate Floor: 0.25%) due 07/25/366		1,969,517		1,044,113
GSAMP Trust
2007-NC1, 0.28% (1 Month USD LIBOR + 0.13%, Rate Floor: 0.13%) due 12/25/466		1,619,443		1,025,655
Park Place Securities Incorporated Asset-Backed Pass Through Certificates Series
2005-WHQ3, 1.09% (1 Month USD LIBOR + 0.95%, Rate Floor: 0.95%) due 06/25/356		1,000,000		995,899
Asset-Backed Securities Corporation Home Equity Loan Trust Series AEG
2006-HE1, 0.55% (1 Month USD LIBOR + 0.40%, Rate Floor: 0.40%) due 01/25/366		1,000,000		961,818

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 15.1% (continued)
Residential Mortgage Backed Securities - 5.0% (continued)
Securitized Asset-Backed Receivables LLC Trust
2006-HE2, 0.30% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 07/25/366		1,667,688	$	953,899
GS Mortgage-Backed Securities Trust
2020-NQM1, 1.79% (WAC) due 09/27/604,6		866,893		871,460
Merrill Lynch Alternative Note Asset Trust Series
2007-A1, 0.30% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 01/25/376		1,938,168		866,194
Citigroup Mortgage Loan Trust
2019-IMC1, 2.72% (WAC) due 07/25/494,6		840,922		856,009
Structured Asset Investment Loan Trust
2005-11, 0.87% (1 Month USD LIBOR + 0.72%, Rate Floor: 0.72%) due 01/25/366		843,824		830,782
Legacy Mortgage Asset Trust
2018-GS3, 4.00% due 06/25/584,10		681,204		685,721
HarborView Mortgage Loan Trust
2006-14, 0.30% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 01/25/476		751,388		685,117
Bear Stearns Asset-Backed Securities I Trust
2006-HE9, 0.29% (1 Month USD LIBOR + 0.14%, Rate Floor: 0.14%) due 11/25/366		598,176		571,763
Structured Asset Securities Corporation Mortgage Loan Trust
2006-BC4, 0.32% (1 Month USD LIBOR + 0.17%, Rate Floor: 0.17%) due 12/25/366		553,253		543,273
Nationstar HECM Loan Trust
2019-2A, 2.27% (WAC) due 11/25/294,6		538,735		539,880
RALI Series Trust
2006-QO2, 0.59% (1 Month USD LIBOR + 0.44%, Rate Floor: 0.44%) due 02/25/466		1,673,199		521,386
Deephaven Residential Mortgage Trust
2019-3A, 2.96% (WAC) due 07/25/594,6		506,003		511,200
Deutsche Alt-A Securities Mortgage Loan Trust Series
2007-OA2, 1.38% (1 Year CMT Rate + 0.77%, Rate Floor: 0.77%) due 04/25/476		519,524		479,634
CSMC Series
2015-12R, 0.65% (WAC) due 11/30/374,6		425,952		424,563
LSTAR Securities Investment Trust
2019-1, 1.86% (1 Month USD LIBOR + 1.70%, Rate Floor: 0.00%) due 03/01/244,6		417,786		419,281
Washington Mutual Mortgage Pass-Through Certificates WMALT Series Trust
2006-AR9, 1.45% (1 Year CMT Rate + 0.84%, Rate Floor: 0.84%) due 11/25/466		345,623		289,692
MASTR Adjustable Rate Mortgages Trust
2003-5, 2.17% (WAC) due 11/25/336		301,061		280,806
UCFC Manufactured Housing Contract
1997-2, 7.38% due 10/15/28		85,913		90,001
GreenPoint Mortgage Funding Trust
2007-AR1, 0.23% (1 Month USD LIBOR + 0.08%, Rate Floor: 0.08%) due 02/25/47†††,6		74		74
Total Residential Mortgage Backed Securities				81,257,790
Commercial Mortgage Backed Securities - 1.8%
GS Mortgage Securities Trust
2020-GSA2, 2.34% due 12/12/53		8,000,000		8,019,923
2020-GC45, 0.67% (WAC) due 02/13/536,9		18,979,442		942,747
2019-GC42, 0.81% (WAC) due 09/01/526,9		14,953,809		857,442
CD 2017-CD4 Mortgage Trust
2017-CD4, 3.95% (WAC) due 05/10/506		4,750,000		5,303,784

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 15.1% (continued)
Commercial Mortgage Backed Securities - 1.8% (continued)
GB Trust
2020-FLIX, 1.76% (1 Month USD LIBOR + 1.60%, Rate Floor: 1.60%) due 08/15/374,6		2,000,000	$	2,008,982
2020-FLIX, 2.51% (1 Month USD LIBOR + 2.35%, Rate Floor: 2.35%) due 08/15/374,6		1,000,000		1,006,946
GS Mortgage Securities Corporation Trust
2020-UPTN, 3.25% (WAC) due 02/10/374,6		1,000,000		978,657
2020-DUNE, 1.51% (1 Month USD LIBOR + 1.35%, Rate Floor: 1.35%) due 12/15/364,6		1,000,000		947,782
BENCHMARK Mortgage Trust
2019-B14, 0.79% (WAC) due 12/15/626,9		19,922,054		998,477
2018-B6, 0.44% (WAC) due 10/10/516,9		31,252,070		744,290
COMM Mortgage Trust
2015-CR24, 0.76% (WAC) due 08/10/486,9		44,988,059		1,335,408
2015-CR26, 0.93% (WAC) due 10/10/486,9		9,125,626		331,691
Citigroup Commercial Mortgage Trust
2019-GC43, 0.63% (WAC) due 11/10/526,9		19,965,291		919,498
2016-GC37, 1.70% (WAC) due 04/10/496,9		3,438,866		244,662
2016-C2, 1.75% (WAC) due 08/10/496,9		2,407,597		182,627
2016-P5, 1.50% (WAC) due 10/10/496,9		1,913,946		112,172
GRACE Mortgage Trust
2014-GRCE, 3.37% due 06/10/284		1,000,000		999,888
CSAIL Commercial Mortgage Trust
2019-C15, 1.05% (WAC) due 03/15/526,9		12,449,328		807,516
SG Commercial Mortgage Securities Trust
2016-C5, 1.96% (WAC) due 10/10/486,9		9,519,272		663,867
Bancorp Commercial Mortgage Trust
2018-CR3, 1.41% (1 Month USD LIBOR + 1.25%, Rate Floor: 1.25%) due 01/15/334,6		583,524		581,971
UBS Commercial Mortgage Trust
2017-C2, 1.08% (WAC) due 08/15/506,9		10,425,564		513,619
JPMDB Commercial Mortgage Securities Trust
2016-C2, 1.57% (WAC) due 06/15/496,9		7,589,130		445,801
Morgan Stanley Capital I Trust
2016-UB11, 1.51% (WAC) due 08/15/496,9		6,887,383		417,468
Wells Fargo Commercial Mortgage Trust
2016-NXS5, 1.46% (WAC) due 01/15/596,9		3,879,523		224,046
2016-C37, 0.96% (WAC) due 12/15/496,9		3,621,116		114,806
CFCRE Commercial Mortgage Trust
2016-C3, 1.00% (WAC) due 01/10/486,9		5,678,426		244,958
CD Mortgage Trust
2016-CD1, 1.39% (WAC) due 08/10/496,9		2,485,304		143,869
Total Commercial Mortgage Backed Securities				30,092,897
Military Housing - 1.1%
Freddie Mac Military Housing Bonds Resecuritization Trust Certificates
2015-R1, 1.93% (WAC) due 11/25/554,6		7,120,465		8,665,118
2015-R1, 6.19% (WAC) due 11/25/524,6		2,949,389		3,487,405
2015-R1, 0.29% (WAC) due 11/25/554,6,9		10,421,343		729,151
Capmark Military Housing Trust
2006-RILY, 6.15% due 07/10/514		2,318,759		2,640,441
2007-ROBS, 6.06% due 10/10/524		465,109		539,411
2007-AETC, 5.75% due 02/10/524		274,623		311,565
GMAC Commercial Mortgage Asset Corp.
2007-HCKM, 6.11% due 08/10/524		1,462,940		1,667,058
Total Military Housing				18,040,149
Total Collateralized Mortgage Obligations
(Cost $239,888,209)				247,843,590

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,6 - 4.2%
Consumer, Non-cyclical - 0.9%
US Foods, Inc.
4.25% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.25%) due 04/24/25†††		3,434,375	$	3,365,687
Bombardier Recreational Products, Inc.
6.00% (3 Month USD LIBOR + 5.00%, Rate Floor: 6.00%) due 05/24/27		3,291,750		3,351,001
Packaging Coordinators Midco, Inc.
4.50% (6 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 11/30/27		2,250,000		2,250,000
Avantor Funding, Inc.
3.50% (1 Month USD LIBOR + 2.50%, Rate Floor: 3.50%) due 11/08/27		1,500,000		1,500,945
Southern Veterinary Partners LLC
5.00% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 10/05/27†††		1,318,182		1,311,591
HAH Group Holding Co LLC
6.00% (3 Month USD LIBOR + 5.00%, Rate Floor: 6.00%) due 10/29/27		1,020,000		1,011,075
WellSky Corp.
due 02/09/24†††		800,000		798,000
Dole Food Company, Inc.
3.75% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.75%) due 04/06/24		661,409		659,756
Weber-Stephen Products LLC
4.00% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 10/29/27		600,000		600,300
Elanco Animal Health, Inc.
1.90% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 08/02/27		389,643		385,829
Callaway Golf Company
4.65% (1 Month USD LIBOR + 4.50%, Rate Floor: 4.50%) due 01/02/26		199,459		199,709
Total Consumer, Non-cyclical				15,433,893
Financial - 0.7%
Citadel Securities LP
2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 02/27/26		3,012,393		3,011,128
Jefferies Finance LLC
4.50% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 09/30/27		1,396,500		1,393,009
USI, Inc.
4.50% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.50%) due 12/02/26		1,197,000		1,193,265
HUB International Ltd.
2.96% (3 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 04/25/25		950,000		931,893
AmWINS Group, Inc.
3.75% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.75%) due 01/25/24		895,328		893,493
Nexus Buyer LLC
3.90% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 11/09/26		897,733		890,255
Cross Financial Corp.
5.50% (1 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 09/15/27		800,000		800,000
Virtu Financial, Inc.
3.15% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/01/26		780,998		778,881
Alliant Holdings Intermediate LLC
3.40% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 05/09/25		497,449		489,156
Jane Street Group LLC
3.23% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 01/31/25		248,744		248,060
Ryan Specialty Group LLC
4.00% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 09/01/27		49,875		49,688
Total Financial				10,678,828
Industrial - 0.6%
Delta Air Lines, Inc.
5.75% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.75%) due 05/01/23		2,487,500		2,522,599
Mileage Plus Holdings LLC
6.25% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 06/21/27		1,950,000		2,026,791
Pelican Products, Inc.
4.50% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 05/01/25		1,050,000		1,027,246
Alliance Laundry Systems LLC
4.25% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 10/08/27		1,000,000		998,750
TransDigm, Inc.
2.40% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 12/09/25		885,528		866,622

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,6 - 4.2% (continued)
Industrial - 0.6% (continued)
Vertical (TK Elevator)
4.57% (3 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 07/30/27		847,875	$	850,749
Service Logic Acquisition, Inc.
4.75% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 10/29/27		669,851		669,013
Diversitech Holdings, Inc.
4.00% (3 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 06/03/24		497,810		492,419
American Residential Services LLC
4.25% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 10/15/27		400,000		399,000
Berlin Packaging LLC
3.16% (1 Month USD LIBOR + 3.00% and 3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 11/07/25		298,090		292,837
Beacon Roofing Supply, Inc.
2.40% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 01/02/25		248,087		246,033
CPG International LLC
4.75% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 05/06/24		58,070		57,983
Total Industrial				10,450,042
Consumer, Cyclical - 0.6%
CHG Healthcare Services, Inc.
4.00% (3 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 06/07/23		3,030,062		3,007,822
Samsonite IP Holdings SARL
5.50% (1 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 04/25/25		2,437,750		2,421,003
BGIS (BIFM CA Buyer, Inc.)
3.65% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 06/01/26		2,135,006		2,127,000
CNT Holdings I Corp.
4.50% (6 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 11/08/27		1,650,000		1,647,162
Whatabrands, LLC
2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 07/31/26		143,822		142,360
Packers Sanitation Services, Inc.
4.00% (1 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 12/04/24		99,233		98,736
Total Consumer, Cyclical				9,444,083
Technology - 0.5%
Ascend Learning LLC
4.75% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 07/12/24		3,690,750		3,696,914
Solera LLC
2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 03/03/23		1,890,078		1,873,540
Valkyr Purchaser, LLC
4.75% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 11/05/27		1,600,000		1,580,000
RP Crown Parent LLC (Blue Yonder)
4.00% (1 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 02/02/26		796,000		794,010
Navicure, Inc.
4.75% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 10/22/26		299,250		298,502
Cologix Holdings, Inc.
4.75% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 03/20/24		150,000		148,366
Total Technology				8,391,332
Basic Materials - 0.3%
Illuminate Buyer LLC
4.15% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 06/30/27		1,850,000		1,849,223
GrafTech Finance, Inc.
4.50% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 02/12/25		1,758,229		1,754,572
LSF11 Skyscraper HoldCo SARL
5.74% (3 Month USD LIBOR + 5.50%, Rate Floor: 5.50%) due 09/29/27		1,271,773		1,265,414

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,6 - 4.2% (continued)
Basic Materials - 0.3% (continued)
PQ Corp.
4.00% (3 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 02/08/27		463,641	$	463,159
Total Basic Materials				5,332,368
Communications - 0.3%
UPC Financing Partnership
3.68% (3 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 01/31/29		1,525,000		1,525,762
3.67% (3 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 01/31/29		1,525,000		1,525,763
Xplornet Communications Inc.
4.90% (1 Month USD LIBOR + 4.75%, Rate Floor: 4.75%) due 06/10/27		1,346,875		1,347,212
Alchemy Copyrights LLC
4.00% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 08/16/27†††		400,000		401,000
Liberty Cablevision of Puerto Rico LLC
5.16% (1 Month USD LIBOR + 5.00%, Rate Floor: 5.00%) due 10/15/26		150,000		150,406
Radiate Holdco, LLC
4.25% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 09/25/26		150,000		150,071
Total Communications				5,100,214
Utilities - 0.2%
Hamilton Projects Acquiror LLC
5.75% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.75%) due 06/17/27		3,092,231		3,094,179
Energy - 0.1%
Venture Global Calcasieu Pass LLC
2.53% (1 Month USD LIBOR + 2.38% and 3 Month USD LIBOR + 2.38%, Rate Floor: 2.38%) due 08/19/26		938,757		882,432
Total Senior Floating Rate Interests
(Cost $67,666,019)				68,807,371
FEDERAL AGENCY BONDS†† - 3.4%
Residual Funding Corporation Principal Strips
due 04/15/308,11		7,530,000		6,690,469
due 01/15/308,11		6,645,000		5,910,336
Fannie Mae Principal Strips
due 07/15/378,11		13,000,000		9,513,955
due 08/06/3811		250,000		177,047
Federal Farm Credit Banks Funding Corp.
3.51% due 06/11/40		3,300,000		4,174,474
2.43% due 01/29/37		3,000,000		3,345,833
2.70% due 01/30/45		1,053,000		1,195,187
2.88% due 10/01/40		350,000		406,314
Freddie Mac Principal Strips
due 07/15/3211		10,550,000		8,936,023
Tennessee Valley Authority Principal Strips
due 01/15/488,11		9,700,000		4,901,939
due 01/15/3811		4,000,000		2,851,505
due 12/15/428,11		1,600,000		963,235
Tennessee Valley Authority
4.25% due 09/15/65		1,300,000		1,961,404
5.38% due 04/01/56		600,000		1,032,108
Freddie Mac
due 01/02/3411		1,850,000		1,500,617
due 09/15/3611		300,000		223,570
due 01/15/2811		150,000		137,591
U.S. International Development Finance Corp.
due 01/17/2611		800,000		873,776
1.79% due 10/15/29		588,138		620,233
Tennessee Valley Authority Principal
due 06/15/358,11		1,583,000		1,177,669
Total Federal Agency Bonds
(Cost $49,054,523)				56,593,285
U.S. GOVERNMENT SECURITIES†† - 3.3%
U.S. Treasury Strips
due 02/15/508,11,12		50,802,000		31,014,087
U.S. Treasury Notes
1.63% due 10/31/2612		15,753,000		16,800,329
0.50% due 03/31/25		5,030,000		5,076,370
1.50% due 09/30/24		1,192,000		1,248,201
Total U.S. Government Securities
(Cost $55,635,273)				54,138,987
MUNICIPAL BONDS†† - 1.9%
Texas - 0.6%
Tarrant County Cultural Education Facilities Finance Corp. Revenue Bonds
3.29% due 09/01/40		2,100,000		2,151,513
2.78% due 09/01/34		700,000		707,917
2.69% due 09/01/33		500,000		505,220
2.57% due 09/01/32		475,000		478,510
2.41% due 09/01/31		450,000		451,741
2.08% due 09/01/28		300,000		301,398
City of Dallas Texas Waterworks & Sewer System Revenue Bonds
2.77% due 10/01/40		2,300,000		2,429,237
Grand Parkway Transportation Corp. Revenue Bonds
3.31% due 10/01/49		1,500,000		1,561,485
North Texas Tollway Authority Revenue Bonds
3.03% due 01/01/40		1,000,000		1,031,210

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
MUNICIPAL BONDS†† - 1.9% (continued)
Texas - 0.6% (continued)
Dallas/Fort Worth International Airport Revenue Bonds
2.92% due 11/01/50		1,000,000	$	1,027,620
Total Texas				10,645,851
California - 0.5%
State of California General Obligation Unlimited
7.55% due 04/01/39		700,000		1,229,060
7.35% due 11/01/39		650,000		1,079,611
Newport Mesa Unified School District General Obligation Unlimited
due 08/01/4411		2,000,000		902,360
due 08/01/4111		1,540,000		794,517
due 08/01/4611		750,000		310,238
Santa Monica Community College District General Obligation Unlimited
2.70% due 08/01/40		1,100,000		1,128,985
San Dieguito Union High School District General Obligation Unlimited
2.68% due 08/01/36		1,000,000		1,046,770
William S Hart Union High School District General Obligation Unlimited
2.36% due 08/01/37		1,000,000		1,020,420
Beverly Hills Unified School District California General Obligation Unlimited
due 08/01/3911		1,410,000		756,056
Hillsborough City School District General Obligation Unlimited
due 09/01/3611		1,000,000		634,210
Cypress School District General Obligation Unlimited
due 08/01/4811		1,000,000		417,970
Hanford Joint Union High School District General Obligation Unlimited
due 08/01/3911		500,000		258,635
Total California				9,578,832
New York - 0.3%
Westchester County Local Development Corp. Revenue Bonds
3.85% due 11/01/50		2,700,000		2,822,094
New York Power Authority Revenue Bonds
2.82% due 11/15/39		1,000,000		1,071,080
4.00% due 11/15/45		740,000		880,378
Total New York				4,773,552
Idaho - 0.1%
Boise State University Revenue Bonds
3.06% due 04/01/40		1,150,000		1,184,500
Ohio - 0.1%
County of Franklin Ohio Revenue Bonds
2.88% due 11/01/50		1,000,000		1,030,990
Colorado - 0.1%
University of Colorado Revenue Bonds
2.81% due 06/01/48		1,000,000		1,026,120
Mississippi - 0.1%
Medical Center Educational Building Corp. Revenue Bonds
2.92% due 06/01/41		1,000,000		1,013,640
Alabama - 0.1%
Auburn University Revenue Bonds
2.68% due 06/01/50		1,000,000		1,005,080
Illinois - 0.0%
State of Illinois General Obligation Unlimited
5.65% due 12/01/38		500,000		594,650
Cook County School District No. 155 Calumet City General Obligation Unlimited
5.30% due 12/01/22		5,000		5,406
Total Illinois				600,056
Total Municipal Bonds
(Cost $29,422,822)				30,858,621
SENIOR FIXED RATE INTERESTS†† - 0.1%
Industrial - 0.1%
CTL Logistics
2.65% due 06/10/42		1,332,369		1,332,369
Total Senior Fixed Rate Interests
(Cost $1,332,369)				1,332,369
FOREIGN GOVERNMENT BONDS†† - 0.0%
Bermuda Government International Bond
3.38% due 08/20/50		500,000		538,750
Total Foreign Government Bonds
(Cost $498,605)				538,750

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Notional Value		Value
OTC OPTIONS PURCHASED†† - 0.3%
Call options on:
Bank of America, N.A. 2Y-10 CMS CAP Expiring July 2022 with strike price of $0.40		557,500,000	$	2,809,800
Morgan Stanley Capital Services LLC 2Y-10 CMS CAP Expiring July 2022 with strike price of $0.40		227,800,000		1,148,112
Goldman Sachs International 2Y-10 CMS CAP Expiring July 2022 with strike price of $0.61		232,600,000		818,752
Goldman Sachs International 2Y-10 CMS CAP Expiring July 2022 with strike price of $0.40		54,700,000		275,688
Bank of America, N.A. 2Y-10 CMS CAP Expiring July 2022 with strike price of $0.61		47,400,000		166,848
Total OTC Options Purchased
(Cost $2,535,362)				5,219,200
Total Investments - 104.4%
(Cost $1,620,154,525)			$	1,717,076,933
Other Assets & Liabilities, net - (4.4)%				(72,439,415	)
Total Net Assets - 100.0%			$	1,644,637,518

Centrally Cleared Credit Default Swap Agreements Protection Sold††

Counterparty

Exchange

Index

Protection Premium Rate

Payment Frequency

Maturity Date

Notional Amount

Value

Upfront Premiums Paid

Unrealized Appreciation**

BofA Securities, Inc.

ICE

CDX.NA.HY.35.V1

5.00%

Quarterly

12/20/25

$

7,650,000

$

713,522

$

309,860

$

403,662

Centrally Cleared Interest Rate Swap Agreements††
Counterparty	Exchange	Floating Rate Type	Floating Rate Index	Fixed Rate	Payment Frequency	Maturity Date	Notional Amount		Value			Upfront Premiums Paid		Unrealized Appreciation (Depreciation)**
BofA Securities, Inc.	CME	Receive	3-Month USD LIBOR	0.99%	Quarterly	08/25/50	$	10,000,000	$	1,074,406		$	469	$	1,073,937
BofA Securities, Inc.	CME	Receive	3-Month USD LIBOR	0.99%	Quarterly	08/20/50		8,200,000		866,446			438		866,008
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	0.52%	Annually	10/02/30		3,000,000		(71,989	)		316		(72,305	)
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	0.71%	Annually	11/18/30		20,000,000		(137,760	)		454		(138,214	)
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	0.68%	Annually	12/02/30		40,000,000		(411,560	)		615		(412,175	)
									$	1,319,543		$	2,292	$	1,317,251

Forward Foreign Currency Exchange Contracts††
Counterparty	Contracts to Sell	Currency	Settlement Date	Settlement Value		Value at December 31, 2020		Unrealized Appreciation (Depreciation)
Morgan Stanley Capital Services LLC	4,995,000	EUR	03/30/21	$	6,116,078	$	6,115,323	$	755
Bank of America, N.A.	521,000	JPY	02/01/21		5,089		5,047		42
Citibank N.A., New York	280,000	JPY	01/04/21		2,733		2,712		21
Barclays Bank plc	259,000	JPY	01/04/21		2,523		2,508		15
Morgan Stanley Capital Services LLC	260,000	JPY	02/01/21		2,525		2,519		6
Citibank N.A., New York	594	ILS	02/01/21		168		185		(17	)
Bank of America, N.A.	216,700	ILS	02/01/21		63,316		67,556		(4,240	)
Goldman Sachs International	1,042,000	EUR	01/15/21		1,265,303		1,273,541		(8,238	)
Goldman Sachs International	6,249,808	ILS	02/01/21		1,820,491		1,948,370		(127,879	)
								$	(139,535	)

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Counterparty	Contracts to Buy	Currency	Settlement Date	Settlement Value		Value at December 31, 2020		Unrealized Appreciation (Depreciation)
Goldman Sachs International	6,467,101	ILS	02/01/21	$	1,805,123	$	2,016,110	$	210,987
JPMorgan Chase Bank, N.A.	781,000	JPY	02/01/21		7,358		7,567		209
JPMorgan Chase Bank, N.A.	539,000	JPY	01/04/21		5,233		5,220		(13	)
								$	211,183

~	The face amount is denominated in U.S. dollars unless otherwise indicated.
*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.
††	Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
1	Perpetual maturity.
2	Rate indicated is the 7-day yield as of December 31, 2020.
3	Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.
4	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $663,059,784 (cost $644,770,843), or 40.3% of total net assets.
5	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $22,032,902 (cost $21,688,762), or 1.3% of total net assets — See Note 6.
6	Variable rate security. Rate indicated is the rate effective at December 31, 2020. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
7	Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.
8	Security is a principal-only strip.
9	Security is an interest-only strip.
10	Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2020. See table below for additional step information for each security.
11	Zero coupon rate security.
12	All or a portion of this security has been physically segregated or earmarked in connection with reverse repurchase agreements. At December 31, 2020, the total market value of segregated or earmarked security was $47,814,416 — See Note 2.

BofA — Bank of America

CDX.NA.HY.35.V1 — Credit Default Swap North American High Yield Series 35 Index Version 1

CME — Chicago Mercantile Exchange

CMS — Constant Maturity Swap

CMT — Constant Maturity Treasury

EUR — Euro

ICE — Intercontinental Exchange

ILS — Israeli New Shekel

JPY — Japanese Yen

LIBOR — London Interbank Offered Rate

plc — Public Limited Company

REIT — Real Estate Investment Trust

SARL — Société à Responsabilité Limitée

WAC — Weighted Average Coupon

See Sector Classification in Other Information section.

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

The following table summarizes the inputs used to value the Fund's investments at December 31, 2020 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs			Total
Common Stocks	$	17,266,511	$	—		$ —	*	$	17,266,511
Preferred Stocks		—		17,555,800		—	*		17,555,800
Warrants		664,416		—		—			664,416
Exchange-Traded Funds		72,872,013		—		—			72,872,013
Closed-End Funds		3,208,696		—		—			3,208,696
Money Market Fund		7,672,314		—		—			7,672,314
Corporate Bonds		—		742,340,377		22,721,270			765,061,647
Asset-Backed Securities		—		328,755,474		38,687,889			367,443,363
Collateralized Mortgage Obligations		—		241,769,429		6,074,161			247,843,590
Senior Floating Rate Interests		—		62,931,093		5,876,278			68,807,371
Federal Agency Bonds		—		56,593,285		—			56,593,285
U.S. Government Securities		—		54,138,987		—			54,138,987
Municipal Bonds		—		30,858,621		—			30,858,621
Senior Fixed Rate Interests		—		1,332,369		—			1,332,369
Foreign Government Bonds				538,750		—			538,750
Options Purchased		—		5,219,200		—			5,219,200
Credit Default Swap Agreements**		—		403,662		—			403,662
Interest Rate Swap Agreements**		—		1,939,945		—			1,939,945
Forward Foreign Currency Exchange Contracts**		—		212,035		—			212,035
Total Assets	$	101,683,950	$	1,544,589,027	$	73,359,598		$	1,719,632,575

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Interest Rate Swap Agreements**	$	—	$	622,694	$	—	$	622,694
Forward Foreign Currency Exchange Contracts**		—		140,387		—		140,387
Unfunded Loan Commitments (Note 5)		—		—		69,080		69,080
Total Liabilities	$	—	$	763,081	$	69,080	$	832,161

*	Security has a market value of $0.
**	This derivative is reported as unrealized appreciation/depreciation at period end.

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of the period end, reverse repurchase agreements of $40,857,027 are categorized as Level 2 within the disclosure hierarchy — See Note 2.

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within level 3 of the fair value hierarchy:

Category	Ending Balance at December 31, 2020		Valuation Technique	Unobservable Inputs	Input Range	Weighted Average*
Assets:
Asset-Backed Securities	$	22,968,214	Option Adjusted Spread off the prior month end broker quote	Broker Quote	—	—
Asset-Backed Securities		10,719,675	Yield Analysis	Yield	2.0%-2.3%	2.2%
Asset-Backed Securities		5,000,000	Model Price	Purchase Price	—	—
Collateralized Mortgage Obligations		6,074,087	Option Adjusted Spread off the prior month end broker quote	Broker Quote	—	—
Collateralized Mortgage Obligations		74	Model Price	Purchase Price	—	—
Corporate Bonds		20,721,270	Option Adjusted Spread off the prior month end broker quote	Broker Quote	—	—
Corporate Bonds		2,000,000	Model Price	Purchase Price	—	—
Senior Floating Rate Interests		5,876,278	Third Party Pricing	Broker Quote	—	—
Total Assets	$	73,359,598
Liabilities:
Unfunded Loan Commitments	$	69,080	Model Price	Purchase Price	—	—

* Inputs are weighted by the fair value of the instruments.

Significant changes in a quote or yield would generally result in significant changes in the fair value of the security.

The Fund’s fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment’s valuation changes. For the period ended December 31, 2020, the Fund had securities with a total value of $17,277,916 transfer into Level 2 from Level 3 due to a lack of observable inputs and had securities with a total value of $1,000,215 transfer into Level 2 from Level 3 due to the availability of current and reliable market-based data provided by a third-party pricing service which utilizes significant observable inputs.

Investment Grade Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Summary of Fair Value Level 3 Activity

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2020.

	Assets													Liabilities
	Asset - Backed Securities			Collateralized Mortgage Obligations			Corporate Bonds		Senior Floating Rate Interests		Total Assets			Unfunded Loan Commitments
Beginning Balance	$	33,401,467		$	10,687,442		$	14,037,846	$	-	$	58,126,755		$	(163,932	)
Purchases/(Receipts)		4,000,000			6,123,831			8,350,000		2,093,000		20,566,831			(5,671	)
(Sales, maturities and paydowns)/Fundings		(11,500,000	)		(10,592,120	)		-		-		(22,092,120	)		77,549
Amortization of premiums/discounts		-			(12	)		-		394		382			-
Total realized gains (losses) included in earnings		-			(7	)		-		-		(7	)		-
Total change in unrealized appreciation (depreciation) included in earnings		275,408			(144,973	)		333,424		16,197		480,056			22,974
Transfers into Level 3		13,511,229			-			-		3,766,687		17,277,916			-
Transfers out of Level 3		(1,000,215	)		-			-		-		(1,000,215	)		-
Ending Balance	$	38,687,889		$	6,074,161		$	22,721,270	$	5,876,278	$	73,359,598		$	(69,080	)
Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31, 2020	$	273,012		$	(49,664	)	$	333,424	$	16,197	$	572,969		$	22,974

Step Coupon Bonds

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, none are scheduled to decrease.

Name	Coupon Rate at Next Reset Date	Next Rate Reset Date	Future Reset Rate(s)	Future Reset Date(s)
CSMC Trust 2020-NQM1, 1.72% due 05/25/65	2.72%	09/26/24	—	—
Legacy Mortgage Asset Trust 2018-GS3, 4.00% due 06/25/58	7.00%	07/25/21	8.00%	07/26/22
Verus Securitization Trust 2019-4, 2.85% due 11/25/59	3.85%	10/26/23	—	—
Verus Securitization Trust 2019-4, 2.64% due 11/25/59	3.64%	10/26/23	—	—
Verus Securitization Trust 2020-1, 2.42% due 01/25/60	3.42%	01/26/24	—	—

Large Cap Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 98.7%
Financial - 24.4%
JPMorgan Chase & Co.		6,526	$	829,259
Citigroup, Inc.		13,114		808,609
Berkshire Hathaway, Inc. — Class B*		3,256		754,969
Bank of America Corp.		18,761		568,646
Allstate Corp.		3,930		432,025
Morgan Stanley		6,187		423,995
Wells Fargo & Co.		12,989		392,008
MetLife, Inc.		7,360		345,552
Voya Financial, Inc.		5,629		331,041
Prudential Financial, Inc.		4,099		320,009
Principal Financial Group, Inc.		6,393		317,157
Synovus Financial Corp.		9,053		293,046
Hartford Financial Services Group, Inc.		5,741		281,194
Loews Corp.		6,167		277,638
Medical Properties Trust, Inc. REIT		11,253		245,203
Zions Bancorp North America		5,552		241,179
Charles Schwab Corp.		4,430		234,967
Regions Financial Corp.		12,450		200,694
Mastercard, Inc. — Class A		531		189,535
Park Hotels & Resorts, Inc. REIT		10,682		183,196
Gaming and Leisure Properties, Inc. REIT		4,284		181,642
KeyCorp		10,260		168,367
Jones Lang LaSalle, Inc.*		926		137,391
American International Group, Inc.		3,078		116,533
BOK Financial Corp.		1,601		109,636
Total Financial				8,383,491
Consumer, Non-cyclical - 18.8%
Johnson & Johnson		4,870		766,441
Pfizer, Inc.		17,876		658,016
HCA Healthcare, Inc.		3,443		566,236
Humana, Inc.		1,174		481,657
McKesson Corp.		2,560		445,235
Archer-Daniels-Midland Co.		8,690		438,063
Quest Diagnostics, Inc.		3,627		432,229
Medtronic plc		3,632		425,452
Tyson Foods, Inc. — Class A		5,849		376,910
Encompass Health Corp.		4,310		356,394
Zimmer Biomet Holdings, Inc.		2,098		323,281
Merck & Company, Inc.		3,733		305,359
Bunge Ltd.		4,271		280,092
Amgen, Inc.		1,160		266,707
Ingredion, Inc.		2,163		170,163
Alexion Pharmaceuticals, Inc.*		1,087		169,833
Total Consumer, Non-cyclical				6,462,068
Communications - 10.0%
Verizon Communications, Inc.		16,953		995,989
Comcast Corp. — Class A		13,991		733,128
F5 Networks, Inc.*		2,154		378,975
Cisco Systems, Inc.		7,671		343,277
Walt Disney Co.*		1,396		252,927
Alphabet, Inc. — Class A*		144		252,380
T-Mobile US, Inc.*		1,634		220,345
Juniper Networks, Inc.		7,162		161,217
AT&T, Inc.		3,982		114,522
Total Communications				3,452,760
Consumer, Cyclical - 9.9%
Walmart, Inc.		4,354		627,629
Southwest Airlines Co.		8,084		376,795
Lear Corp.		2,052		326,330
LKQ Corp.*		9,048		318,852
PACCAR, Inc.		3,462		298,701
DR Horton, Inc.		4,246		292,634
Home Depot, Inc.		996		264,558
Penske Automotive Group, Inc.		4,232		251,339
Kohl's Corp.		5,457		222,045
PVH Corp.		2,358		221,393
Ralph Lauren Corp. — Class A		1,925		199,699
Total Consumer, Cyclical				3,399,975
Industrial - 8.2%
Honeywell International, Inc.		2,769		588,966
Owens Corning		5,181		392,512
Johnson Controls International plc		7,830		364,800
Knight-Swift Transportation Holdings, Inc.		7,758		324,440
Curtiss-Wright Corp.		2,333		271,445
Valmont Industries, Inc.		1,520		265,894
FedEx Corp.		990		257,024
General Electric Co.		16,349		176,569
L3Harris Technologies, Inc.		913		172,575
Total Industrial				2,814,225
Technology - 7.8%
Micron Technology, Inc.*		12,124		911,482
Skyworks Solutions, Inc.		3,268		499,612
Qorvo, Inc.*		2,268		377,100
Apple, Inc.		2,661		353,088
Amdocs Ltd.		2,777		196,973
Intel Corp.		3,836		191,110
Cerner Corp.		2,157		169,281
Total Technology				2,698,646
Utilities - 7.5%
Exelon Corp.		13,360		564,059
Public Service Enterprise Group, Inc.		8,648		504,178
Edison International		7,992		502,058
Duke Energy Corp.		3,801		348,020
Pinnacle West Capital Corp.		4,002		319,960
NiSource, Inc.		8,523		195,517
PPL Corp.		5,782		163,052
Total Utilities				2,596,844
Basic Materials - 6.5%
Huntsman Corp.		20,447		514,038
Westlake Chemical Corp.		5,207		424,891
Olin Corp.		15,161		372,354
Nucor Corp.		6,947		369,511
Reliance Steel & Aluminum Co.		1,872		224,172
DuPont de Nemours, Inc.		2,932		208,494
Dow, Inc.		2,118		117,549
Total Basic Materials				2,231,009
Energy - 5.6%
Chevron Corp.		6,513		550,023
ConocoPhillips		9,454		378,065
Cabot Oil & Gas Corp. — Class A		15,688		255,401
Parsley Energy, Inc. — Class A		13,541		192,282
Marathon Oil Corp.		27,332		182,304
Range Resources Corp.*		26,545		177,852

Large Cap Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 98.7% (continued)
Energy - 5.6% (continued)
Exxon Mobil Corp.		4,271	$	176,051
Total Energy				1,911,978
Total Common Stocks
(Cost $28,333,049)				33,950,996
MONEY MARKET FUND† - 0.9%
Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 0.01%1		322,435		322,435
Total Money Market Fund
(Cost $322,435)				322,435
Total Investments - 99.6%
(Cost $28,655,484)			$	34,273,431
Other Assets & Liabilities, net - 0.4%				143,864
Total Net Assets - 100.0%			$	34,417,295

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 3.
1	Rate indicated is the 7-day yield as of December 31, 2020.

plc — Public Limited Company

REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at December 31, 2020 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	33,950,996	$	—	$	—	$	33,950,996
Money Market Fund		322,435		—		—		322,435
Total Assets	$	34,273,431	$	—	$	—	$	34,273,431

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
PREFERRED STOCKS†† - 0.1%
Financial - 0.1%
American Financial Group, Inc., 4.50% due 09/15/60		113,600	$	3,166,032
First Republic Bank, 4.13%		69,600		1,840,224
Total Financial				5,006,256
Total Preferred Stocks
(Cost $4,580,000)				5,006,256
EXCHANGE-TRADED FUNDS† - 6.1%
iShares Core U.S. Aggregate Bond ETF		1,526,500		180,417,035
iShares iBoxx High Yield Corporate Bond ETF		550,850		48,089,205
iShares iBoxx $ Investment Grade Corporate Bond ETF		265,600		36,687,328
Total Exchange-Traded Funds
(Cost $262,189,841)				265,193,568
MUTUAL FUNDS† - 2.0%
Guggenheim Strategy Fund III1		1,182,663		29,684,832
Guggenheim Strategy Fund II1		1,183,562		29,541,716
Guggenheim Ultra Short Duration Fund — Institutional Class1		2,912,649		29,068,232
Total Mutual Funds
(Cost $86,789,862)				88,294,780
MONEY MARKET FUND† - 2.2%
Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 0.01%2		96,879,914		96,879,914
Total Money Market Fund
(Cost $96,879,914)				96,879,914
		Face Amount~
CORPORATE BONDS†† - 30.7%
Financial - 12.7%
Wells Fargo & Co.
1.14% (3 Month USD LIBOR + 0.93%) due 02/11/223		29,450,000		29,475,000
2.88% due 10/30/304		25,000,000		27,274,755
2.57% due 02/11/314		2,240,000		2,376,784
Santander UK plc
0.85% (3 Month USD LIBOR + 0.62%) due 06/01/213		30,740,000		30,810,326
American International Group, Inc.
2.50% due 06/30/25		26,630,000		28,627,159
Citizens Bank North America/Providence RI
2.25% due 04/28/25		20,000,000		21,221,401
Bank of America Corp.
2.59% due 04/29/314		19,650,000		21,060,052
Reliance Standard Life Global Funding II
2.75% due 05/07/255		17,890,000		18,975,767
Barclays Bank plc
1.70% due 05/12/22		18,450,000		18,776,291
Intercontinental Exchange, Inc.
0.87% (3 Month USD LIBOR + 0.65%) due 06/15/233		17,100,000		17,144,682
Mitsubishi UFJ Financial Group, Inc.
0.87% (3 Month USD LIBOR + 0.65%) due 07/26/213		11,450,000		11,484,600
1.28% (3 Month USD LIBOR + 1.06%) due 09/13/213		5,068,000		5,101,612
2.11% (3 Month USD LIBOR + 1.88%) due 03/01/213		247,000		247,683
Citibank North America
0.78% (3 Month USD LIBOR + 0.57%) due 07/23/213		16,390,000		16,437,513
Equitable Financial Life Global Funding
1.40% due 07/07/255		15,000,000		15,406,347
Cooperatieve Rabobank UA
1.34% due 06/24/264,5		15,000,000		15,317,104
Regions Financial Corp.
2.25% due 05/18/25		14,000,000		14,846,683
Svenska Handelsbanken AB
0.68% (3 Month USD LIBOR + 0.47%) due 05/24/213		13,500,000		13,524,015
3.35% due 05/24/21		1,179,000		1,193,518
Citigroup, Inc.
2.57% due 06/03/314		12,850,000		13,696,303
Lincoln National Corp.
3.40% due 01/15/31		11,590,000		13,281,294
BlackRock, Inc.
1.90% due 01/28/31		12,600,000		13,188,804
Societe Generale S.A.
1.49% due 12/14/264,5		10,500,000		10,592,758
3.88% due 03/28/245		350,000		381,601
Standard Chartered plc
1.32% due 10/14/234,5		10,150,000		10,251,500
4.25% due 01/20/234,5		500,000		518,499
BPCE S.A.
1.65% due 10/06/264,5		9,500,000		9,721,660
Charles Schwab Corp.
5.38% 4,6		8,650,000		9,633,937
Ares Finance Company LLC
4.00% due 10/08/245		8,967,000		9,631,169
First American Financial Corp.
4.00% due 05/15/30		7,860,000		9,009,690

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 30.7% (continued)
Financial - 12.7% (continued)
KKR Group Finance Company VI LLC
3.75% due 07/01/295		7,040,000	$	8,191,769
Aviation Capital Group LLC
2.88% due 01/20/225		8,000,000		8,100,563
Markel Corp.
6.00% 4,6		7,210,000		7,976,062
Deloitte LLP
4.35% due 11/17/23†††		7,300,000		7,751,092
3.46% due 05/07/27†††		4,500,000		4,739,430
Goldman Sachs Group, Inc.
3.50% due 04/01/25		6,900,000		7,665,829
Prudential plc
3.13% due 04/14/30		6,640,000		7,528,001
Morgan Stanley
2.19% due 04/28/264		7,000,000		7,393,694
Belrose Funding Trust
2.33% due 08/15/305		7,100,000		7,307,045
UBS Group AG
2.00% (3 Month USD LIBOR + 1.78%, Rate Floor: 0.00%) due 04/14/213,5		5,700,000		5,726,428
Fidelity National Financial, Inc.
2.45% due 03/15/31		5,500,000		5,594,162
Fifth Third Bancorp
2.55% due 05/05/27		5,060,000		5,506,875
Manulife Financial Corp.
2.48% due 05/19/27		5,030,000		5,458,644
Westpac Banking Corp.
1.07% (3 Month USD LIBOR + 0.85%) due 01/11/223		5,000,000		5,037,697
MetLife, Inc.
3.85% 4,6		4,620,000		4,874,100
Alexandria Real Estate Equities, Inc.
4.90% due 12/15/30		3,500,000		4,454,016
Iron Mountain, Inc.
5.00% due 07/15/285		4,175,000		4,435,395
Quicken Loans LLC / Quicken Loans Company-Issuer, Inc.
3.88% due 03/01/315		4,100,000		4,253,750
Apollo Management Holdings, LP
4.00% due 05/30/245		1,846,000		2,044,155
4.40% due 05/27/265		1,200,000		1,394,535
Bank of New York Mellon Corp.
4.70% 4,6		3,010,000		3,319,428
Fidelity & Guaranty Life Holdings, Inc.
5.50% due 05/01/255		2,400,000		2,800,800
CNA Financial Corp.
4.50% due 03/01/26		2,298,000		2,703,377
Crown Castle International Corp.
3.30% due 07/01/30		2,188,000		2,448,983
Loews Corp.
3.20% due 05/15/30		2,140,000		2,431,079
NFP Corp.
7.00% due 05/15/255		2,200,000		2,365,000
Ameriprise Financial, Inc.
3.00% due 04/02/25		2,060,000		2,242,655
Sumitomo Mitsui Financial Group, Inc.
1.91% (3 Month USD LIBOR + 1.68%) due 03/09/213		1,000,000		1,002,815
1.36% (3 Month USD LIBOR + 1.14%) due 10/19/213		702,000		707,750
Assurant, Inc.
1.50% (3 Month USD LIBOR + 1.25%) due 03/26/213		1,592,000		1,592,022
Mizuho Financial Group, Inc.
1.36% (3 Month USD LIBOR + 1.14%) due 09/13/213		1,500,000		1,510,986
SBA Communications Corp.
4.00% due 10/01/22		1,000,000		1,010,000
3.88% due 02/15/275		350,000		367,605
Weyerhaeuser Co.
4.00% due 04/15/30		912,000		1,080,012
Trinity Acquisition plc
4.40% due 03/15/26		881,000		1,026,442
Old Republic International Corp.
3.88% due 08/26/26		700,000		804,054
RenaissanceRe Finance, Inc.
3.70% due 04/01/25		400,000		438,541
Credit Suisse Group AG
2.59% due 09/11/254,5		250,000		263,068
BBVA USA
3.88% due 04/10/25		150,000		168,209
CIT Group, Inc.
3.93% due 06/19/244		100,000		105,750
Total Financial				553,030,325
Consumer, Non-cyclical - 4.6%
Sysco Corp.
5.65% due 04/01/25		20,550,000		24,433,981
General Mills, Inc.
0.77% (3 Month USD LIBOR + 0.54%) due 04/16/213		20,750,000		20,779,691

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 30.7% (continued)
Consumer, Non-cyclical - 4.6% (continued)
Zimmer Biomet Holdings, Inc.
0.99% (3 Month USD LIBOR + 0.75%) due 03/19/213		11,050,000	$	11,049,999
3.55% due 03/20/30		5,350,000		6,058,245
3.05% due 01/15/26		400,000		441,054
CoStar Group, Inc.
2.80% due 07/15/305		15,280,000		15,876,471
BAT International Finance plc
1.67% due 03/25/26		13,000,000		13,307,046
Constellation Brands, Inc.
2.88% due 05/01/30		10,500,000		11,505,685
Molina Healthcare, Inc.
5.38% due 11/15/22		9,500,000		10,058,125
CVS Health Corp.
0.95% (3 Month USD LIBOR + 0.72%) due 03/09/213		9,200,000		9,210,655
Altria Group, Inc.
2.35% due 05/06/25		8,000,000		8,499,880
Anheuser-Busch InBev Worldwide, Inc.
3.50% due 06/01/30		6,550,000		7,587,278
McCormick & Company, Inc.
2.50% due 04/15/30		7,000,000		7,495,953
BAT Capital Corp.
4.70% due 04/02/27		4,220,000		4,962,188
3.56% due 08/15/27		2,000,000		2,226,958
Alcon Finance Corp.
2.60% due 05/27/305		5,910,000		6,296,534
Kraft Heinz Foods Co.
4.25% due 03/01/315		5,000,000		5,575,288
Royalty Pharma plc
1.75% due 09/02/275		5,150,000		5,299,174
WEX, Inc.
4.75% due 02/01/235		5,250,000		5,256,563
Thermo Fisher Scientific, Inc.
4.13% due 03/25/25		4,200,000		4,775,557
Spectrum Brands, Inc.
5.75% due 07/15/25		4,180,000		4,316,268
Cigna Corp.
0.88% (3 Month USD LIBOR + 0.65%) due 09/17/213		4,100,000		4,100,648
ADT Security Corp.
3.50% due 07/15/22		3,096,000		3,177,270
US Foods, Inc.
6.25% due 04/15/255		2,200,000		2,351,250
Bunge Limited Finance Corp.
1.63% due 08/17/25		1,900,000		1,963,677
Prime Security Services Borrower LLC / Prime Finance, Inc.
3.38% due 08/31/275		1,400,000		1,389,500
Nielsen Finance LLC / Nielsen Finance Co.
5.00% due 04/15/225		149,000		149,392
Total Consumer, Non-cyclical				198,144,330
Industrial - 4.0%
Boeing Co.
4.88% due 05/01/25		50,000,000		56,995,383
Siemens Financieringsmaatschappij N.V.
0.83% (3 Month USD LIBOR + 0.61%) due 03/16/223,5		20,410,000		20,533,480
Berry Global, Inc.
1.57% due 01/15/265		10,000,000		10,090,500
4.88% due 07/15/265		5,165,000		5,548,191
FedEx Corp.
3.80% due 05/15/25		9,100,000		10,272,564
4.25% due 05/15/30		4,350,000		5,285,308
CNH Industrial Capital LLC
1.95% due 07/02/23		9,600,000		9,882,679
1.88% due 01/15/26		4,960,000		5,194,342
Ryder System, Inc.
3.35% due 09/01/25		10,600,000		11,782,665
3.75% due 06/09/23		1,350,000		1,453,030
BAE Systems plc
3.40% due 04/15/305		6,950,000		7,873,481
Owens Corning
3.88% due 06/01/30		5,910,000		6,816,970
GATX Corp.
3.85% due 03/30/27		2,900,000		3,287,027
4.00% due 06/30/30		2,550,000		3,013,589
IDEX Corp.
3.00% due 05/01/30		4,100,000		4,513,779
Textron, Inc.
2.45% due 03/15/31		3,250,000		3,346,018
Xylem, Inc.
1.95% due 01/30/28		2,050,000		2,161,573
National Basketball Association
2.51% due 12/16/24		1,900,000		1,906,937
Howmet Aerospace, Inc.
6.88% due 05/01/25		900,000		1,053,000
EnerSys
5.00% due 04/30/235		125,000		130,781
Total Industrial				171,141,297
Consumer, Cyclical - 2.9%
Marriott International, Inc.
4.63% due 06/15/30		7,320,000		8,589,868
5.75% due 05/01/25		5,610,000		6,562,024
2.13% due 10/03/22		2,345,000		2,380,846
Walgreens Boots Alliance, Inc.
3.20% due 04/15/30		13,950,000		15,153,967
Delta Air Lines, Inc.
7.00% due 05/01/255		12,550,000		14,489,632

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 30.7% (continued)
Consumer, Cyclical - 2.9% (continued)
Starbucks Corp.
2.55% due 11/15/30		13,300,000	$	14,383,882
VF Corp.
2.80% due 04/23/27		11,650,000		12,742,936
Hyatt Hotels Corp.
5.38% due 04/23/25		4,880,000		5,514,971
5.75% due 04/23/30		4,320,000		5,310,528
Delta Air Lines Inc. / SkyMiles IP Ltd.
4.50% due 10/20/255		10,000,000		10,688,591
Choice Hotels International, Inc.
3.70% due 01/15/31		7,350,000		8,140,272
Lowe's Companies, Inc.
4.50% due 04/15/30		5,400,000		6,721,744
BorgWarner, Inc.
2.65% due 07/01/27		4,610,000		4,957,073
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.
6.50% due 06/20/275		3,350,000		3,601,250
Dollar General Corp.
3.50% due 04/03/30		2,050,000		2,353,343
Aramark Services, Inc.
6.38% due 05/01/255		1,900,000		2,030,625
5.00% due 02/01/285		275,000		289,781
Tempur Sealy International, Inc.
5.63% due 10/15/23		1,168,000		1,186,980
Performance Food Group, Inc.
6.88% due 05/01/255		375,000		401,250
5.50% due 06/01/245		75,000		75,375
Suburban Propane Partners Limited Partnership/Suburban Energy Finance Corp.
5.75% due 03/01/25		200,000		204,000
Total Consumer, Cyclical				125,778,938
Communications - 2.4%
ViacomCBS, Inc.
4.95% due 01/15/31		13,560,000		17,019,537
4.75% due 05/15/25		6,860,000		7,964,343
4.20% due 05/19/32		4,100,000		4,941,102
Walt Disney Co.
2.65% due 01/13/31		12,720,000		13,945,093
AT&T, Inc.
2.30% due 06/01/27		9,000,000		9,598,842
Level 3 Financing, Inc.
3.63% due 01/15/295		5,400,000		5,386,500
4.25% due 07/01/285		2,775,000		2,851,312
5.38% due 01/15/24		1,300,000		1,310,140
Netflix, Inc.
5.50% due 02/15/22		8,400,000		8,788,500
T-Mobile USA, Inc.
3.50% due 04/15/255		5,000,000		5,524,900
3.88% due 04/15/305		540,000		625,428
Videotron Ltd.
5.00% due 07/15/22		5,350,000		5,624,241
Sirius XM Radio, Inc.
3.88% due 08/01/225		3,527,000		3,579,905
Charter Communications Operating LLC / Charter Communications Operating Capital
2.80% due 04/01/31		3,250,000		3,437,462
Booking Holdings, Inc.
4.50% due 04/13/27		2,500,000		2,973,394
Altice France S.A.
7.38% due 05/01/265		2,650,000		2,789,125
Fox Corp.
3.05% due 04/07/25		1,360,000		1,484,042
3.50% due 04/08/30		1,080,000		1,226,775
Verizon Communications, Inc.
3.00% due 03/22/27		2,100,000		2,329,833
Virgin Media Vendor Financing Notes IV DAC
5.00% due 07/15/285		1,850,000		1,924,000
Thomson Reuters Corp.
3.35% due 05/15/26		1,550,000		1,738,785
AMC Networks, Inc.
4.75% due 08/01/25		500,000		516,350
Sprint Spectrum Company LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC
3.36% due 09/20/215		305,625		308,498
Total Communications				105,888,107
Technology - 1.4%
NetApp, Inc.
2.38% due 06/22/27		17,800,000		19,026,024
Microchip Technology, Inc.
2.67% due 09/01/235		17,800,000		18,616,381
Infor, Inc.
1.75% due 07/15/255		13,800,000		14,334,607
1.45% due 07/15/235		1,100,000		1,117,773
Broadcom, Inc.
4.15% due 11/15/30		5,790,000		6,703,443
Leidos, Inc.
3.63% due 05/15/255		1,950,000		2,180,275
Total Technology				61,978,503
Basic Materials - 1.1%
Newcrest Finance Pty Ltd.
3.25% due 05/13/305		14,960,000		16,524,216
Anglo American Capital plc
2.63% due 09/10/305		9,370,000		9,798,101
4.00% due 09/11/275		750,000		861,225
5.38% due 04/01/255		400,000		467,465
Carpenter Technology Corp.
4.45% due 03/01/23		8,405,000		8,801,869
Valvoline, Inc.
4.38% due 08/15/25		5,310,000		5,484,009
Nucor Corp.
2.00% due 06/01/25		5,000,000		5,295,100

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 30.7% (continued)
Basic Materials - 1.1% (continued)
Steel Dynamics, Inc.
2.40% due 06/15/25		1,050,000	$	1,116,013
Total Basic Materials				48,347,998
Energy - 1.1%
Sabine Pass Liquefaction LLC
4.50% due 05/15/305		8,330,000		9,873,362
5.63% due 03/01/25		500,000		583,161
Phillips 66
0.83% (3 Month USD LIBOR + 0.60%) due 02/26/213		8,700,000		8,701,004
BP Capital Markets plc
4.88%4,6		7,500,000		8,367,750
Exxon Mobil Corp.
2.61% due 10/15/30		7,100,000		7,755,205
Valero Energy Corp.
2.15% due 09/15/27		3,100,000		3,167,469
2.85% due 04/15/25		1,750,000		1,863,823
2.70% due 04/15/23		500,000		521,806
Equinor ASA
1.75% due 01/22/26		3,500,000		3,676,681
Magellan Midstream Partners, LP
3.25% due 06/01/30		2,120,000		2,395,639
Cheniere Corpus Christi Holdings LLC
7.00% due 06/30/24		550,000		642,276
Total Energy				47,548,176
Utilities - 0.5%
Alexander Funding Trust
1.84% due 11/15/235		19,050,000		19,266,837
AES Corp.
3.30% due 07/15/255		3,750,000		4,087,500
Total Utilities				23,354,337
Total Corporate Bonds
(Cost $1,256,610,186)				1,335,212,011
ASSET-BACKED SECURITIES†† - 26.5%
Collateralized Loan Obligations - 16.3%
Shackleton CLO Ltd.
2017-8A, 1.14% (3 Month USD LIBOR + 0.92%, Rate Floor: 0.00%) due 10/20/273,5		65,793,953		65,668,991
2018-6RA, 1.24% (3 Month USD LIBOR + 1.02%, Rate Floor: 1.02%) due 07/17/283,5		36,934,725		36,829,834
BXMT Ltd.
2020-FL2, 1.05% (1 Month USD LIBOR + 0.90%, Rate Floor: 0.90%) due 02/16/373,5		25,122,000		24,996,865
2020-FL2, 1.30% (1 Month USD LIBOR + 1.15%, Rate Floor: 1.15%) due 02/16/373,5		6,950,000		6,854,164
2020-FL3, 1.90% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 03/15/373,5		3,500,000		3,504,845
2020-FL3, 2.30% (1 Month USD LIBOR + 2.15%, Rate Floor: 2.15%) due 03/15/373,5		2,000,000		2,002,882
2020-FL2, 1.55% (1 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 02/16/373,5		2,000,000		1,962,558
Carlyle Global Market Strategies CLO Ltd.
2018-2A, 1.00% (3 Month USD LIBOR + 0.78%, Rate Floor: 0.00%) due 04/27/273,5		30,716,257		30,503,565
2018-4A, 1.24% (3 Month USD LIBOR + 1.00%, Rate Floor: 1.00%) due 01/15/313,5		4,681,009		4,634,490
Wellfleet CLO Ltd.
2019-1A, 1.36% (3 Month USD LIBOR + 1.15%, Rate Floor: 1.15%) due 04/20/293,5		28,847,632		28,727,161
Golub Capital Partners CLO Ltd.
2018-36A, 1.53% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 02/05/313,5		27,500,000		27,183,852
MP CLO VIII Ltd.
2018-2A, 1.13% (3 Month USD LIBOR + 0.91%, Rate Floor: 0.00%) due 10/28/273,5		26,544,019		26,389,868
Palmer Square Loan Funding Ltd.
2018-4A, 1.12% (3 Month USD LIBOR + 0.90%, Rate Floor: 0.00%) due 11/15/263,5		17,794,894		17,778,066

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 26.5% (continued)
Collateralized Loan Obligations - 16.3% (continued)
2019-3A, 1.07% (3 Month USD LIBOR + 0.85%, Rate Floor: 0.85%) due 08/20/273,5		4,772,319	$	4,766,655
2018-4A, 1.67% (3 Month USD LIBOR + 1.45%, Rate Floor: 0.00%) due 11/15/263,5		3,500,000		3,471,541
Marathon CLO V Ltd.
2017-5A, 1.08% (3 Month USD LIBOR + 0.87%, Rate Floor: 0.00%) due 11/21/273,5		23,995,203		23,842,883
MidOcean Credit CLO VII
2020-7A, 1.28% (3 Month USD LIBOR + 1.04%, Rate Floor: 0.00%) due 07/15/293,5		20,500,000		20,334,046
LoanCore Issuer Ltd.
2019-CRE2, 1.66% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 05/15/363,5		8,550,000		8,516,939
2018-CRE1, 1.29% (1 Month USD LIBOR + 1.13%, Rate Floor: 1.13%) due 05/15/283,5		7,304,028		7,296,803
2018-CRE1, 1.66% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 05/15/283,5		3,500,000		3,491,669
Dryden 33 Senior Loan Fund
2020-33A, 1.24% (3 Month USD LIBOR + 1.00%, Rate Floor: 1.00%) due 04/15/293,5		10,750,000		10,750,000
2020-33A, 1.64% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 04/15/293,5		8,250,000		8,250,000
Cerberus Loan Funding LP
2020-3A, 2.07% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 01/15/333,5		18,000,000		18,000,000
Woodmont Trust
2020-7A, 2.13% (3 Month USD LIBOR + 1.90%, Rate Floor: 0.00%) due 01/15/323,5		16,250,000		16,250,000
GPMT Ltd.
2019-FL2, 1.45% (1 Month USD LIBOR + 1.30%, Rate Floor: 1.30%) due 02/22/363,5		16,100,000		16,004,509
610 Funding CLO 3 Ltd.
2018-3A, 1.47% (3 Month USD LIBOR + 1.25%, Rate Floor: 0.00%) due 07/17/283,5		15,432,433		15,414,984
ABPCI Direct Lending Fund IX LLC
2020-9A, 2.19% (3 Month USD LIBOR + 1.95%, Rate Floor: 1.95%) due 11/18/313,5		15,000,000		15,027,621
Venture XIV CLO Ltd.
2020-14A, 1.25% (3 Month USD LIBOR + 1.03%, Rate Floor: 1.03%) due 08/28/293,5		15,000,000		14,901,102
AMMC CLO XI Ltd.
2020-11A, 1.83% due 04/30/315		14,300,000		14,275,305
Owl Rock CLO IV Ltd.
2020-4A, 3.17% (3 Month USD LIBOR + 2.62%, Rate Floor: 2.62%) due 05/20/293,5		14,250,000		14,254,281
Fortress Credit Opportunities XI CLO Ltd.
2018-11A, 1.54% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 04/15/313,5		13,450,000		13,293,976
Parliament Funding II Ltd.
2020-1A, 2.76% (3 Month USD LIBOR + 2.45%, Rate Floor: 2.45%) due 08/12/303,5		12,500,000		12,499,792

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 26.5% (continued)
Collateralized Loan Obligations - 16.3% (continued)
Halcyon Loan Advisors Funding Ltd.
2017-3A, 1.12% (3 Month USD LIBOR + 0.90%, Rate Floor: 0.00%) due 10/18/273,5		12,170,551	$	12,113,866
2012-1A, 3.22% (3 Month USD LIBOR + 3.00%, Rate Floor: 0.00%) due 08/15/233,5		124,283		124,190
GoldenTree Loan Management US CLO 1 Ltd.
2020-1A, 1.17% (3 Month USD LIBOR + 0.95%, Rate Floor: 0.95%) due 04/20/293,5		12,000,000		11,976,274
Venture XII CLO Ltd.
2018-12A, 1.02% (3 Month USD LIBOR + 0.80%, Rate Floor: 0.80%) due 02/28/263,5		11,604,992		11,530,401
Allegro CLO IX Ltd.
2018-3A, 1.40% (3 Month USD LIBOR + 1.17%, Rate Floor: 1.17%) due 10/16/313,5		10,000,000		9,927,105
KREF Funding V LLC
1.90% due 06/25/26†††		10,000,000		9,624,314
0.15% due 06/25/26†††		27,272,727		23,455
Wind River CLO Ltd.
2017-2A, 1.11% (3 Month USD LIBOR + 0.87%, Rate Floor: 0.00%) due 10/15/273,5		9,030,283		8,993,674
Grand Avenue CRE Ltd.
2020-FL2, 2.61% (1 Month USD LIBOR + 2.45%, Rate Floor: 2.45%) due 03/15/353,5		8,749,161		8,826,316
Westcott Park CLO Ltd.
2019-1A, 1.43% (3 Month USD LIBOR + 1.21%, Rate Floor: 0.00%) due 07/20/283,5		8,750,000		8,751,743
NXT Capital CLO LLC
2017-1A, 1.92% (3 Month USD LIBOR + 1.70%, Rate Floor: 0.00%) due 04/20/293,5		7,700,000		7,664,243
KREF Ltd.
2018-FL1, 1.25% (1 Month USD LIBOR + 1.10%, Rate Floor: 1.10%) due 06/15/363,5		7,500,000		7,462,878
Mountain View CLO Ltd.
2018-1A, 1.04% (3 Month USD LIBOR + 0.80%, Rate Floor: 0.80%) due 10/15/263,5		7,240,771		7,215,032
NewStar Clarendon Fund CLO LLC
2019-1A, 1.52% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 01/25/273,5		6,724,616		6,718,065
NewStar Fairfield Fund CLO Ltd.
2018-2A, 1.49% (3 Month USD LIBOR + 1.27%, Rate Floor: 1.27%) due 04/20/303,5		6,529,571		6,449,383
Flagship CLO VIII Ltd.
2018-8A, 1.08% (3 Month USD LIBOR + 0.85%, Rate Floor: 0.00%) due 01/16/263,5		6,402,458		6,402,450
Diamond CLO Ltd.
2018-1A, 1.72% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 07/22/303,5		6,000,000		5,976,916
BSPRT Issuer Ltd.
2018-FL4, 1.21% (1 Month USD LIBOR + 1.05%, Rate Floor: 1.05%) due 09/15/353,5		3,248,691		3,210,703
2018-FL3, 1.21% (1 Month USD LIBOR + 1.05%, Rate Floor: 1.05%) due 03/15/283,5		2,256,651		2,242,256
Telos CLO Ltd.
2017-6A, 1.49% (3 Month USD LIBOR + 1.27%, Rate Floor: 0.00%) due 01/17/273,5		4,680,814		4,677,477
FDF I Ltd.
2015-1A, 4.40% due 11/12/305		4,500,000		4,534,036

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 26.5% (continued)
Collateralized Loan Obligations - 16.3% (continued)
Seneca Park CLO Limited
2017-1A, 1.72% (3 Month USD LIBOR + 1.50%, Rate Floor: 0.00%) due 07/17/263,5		4,000,000	$	3,994,069
2017-1A, 1.34% (3 Month USD LIBOR + 1.12%, Rate Floor: 0.00%) due 07/17/263,5		52,060		52,044
FDF II Ltd.
2016-2A, 4.29% due 05/12/315		4,000,000		4,038,162
TCP Waterman CLO Ltd.
2016-1A, 2.27% (3 Month USD LIBOR + 2.05%, Rate Floor: 0.00%) due 12/15/283,5		4,000,000		4,001,455
Crown Point CLO III Ltd.
2017-3A, 1.15% (3 Month USD LIBOR + 0.91%, Rate Floor: 0.00%) due 12/31/273,5		3,655,614		3,646,880
Newstar Commercial Loan Funding LLC
2017-1A, 2.74% (3 Month USD LIBOR + 2.50%, Rate Floor: 0.00%) due 03/20/273,5		3,000,000		2,995,592
Marathon CLO VII Ltd.
2017-7A, 1.87% (3 Month USD LIBOR + 1.65%, Rate Floor: 0.00%) due 10/28/253,5		3,000,000		2,992,471
Fortress Credit Opportunities IX CLO Ltd.
2017-9A, 1.77% (3 Month USD LIBOR + 1.55%, Rate Floor: 0.00%) due 11/15/293,5		2,982,000		2,970,526
KVK CLO Ltd.
2017-1A, 1.13% (3 Month USD LIBOR + 0.90%, Rate Floor: 0.00%) due 01/14/283,5		1,725,955		1,718,426
2018-1A, 0.92% (3 Month USD LIBOR + 0.70%, Rate Floor: 0.00%) due 05/20/293,5		956,047		954,393
Golub Capital Partners CLO 17 Ltd.
2017-17A, 1.87% (3 Month USD LIBOR + 1.65%, Rate Floor: 0.00%) due 10/25/303,5		2,500,000		2,491,543
Newfleet CLO Ltd.
2018-1A, 1.17% (3 Month USD LIBOR + 0.95%, Rate Floor: 0.00%) due 04/20/283,5		2,495,302		2,482,502
Avery Point V CLO Ltd.
2017-5A, 1.20% (3 Month USD LIBOR + 0.98%, Rate Floor: 0.00%) due 07/17/263,5		1,832,720		1,832,717
Northwoods Capital XII-B Ltd.
2018-12BA, 0.97% (3 Month USD LIBOR + 0.75%, Rate Floor: 0.75%) due 06/15/313,5		1,750,000		1,737,569
HPS Loan Management Ltd.
2019-19, 0.82% (3 Month USD LIBOR + 0.60%, Rate Floor: 0.60%) due 07/25/303,5		1,714,286		1,710,327
Oaktree CLO Ltd.
2017-1A, 1.09% (3 Month USD LIBOR + 0.87%) due 10/20/273,5		1,542,523		1,535,900
Dryden 37 Senior Loan Fund
2015-37A, due 01/15/315,7		1,500,000		1,286,174
Monroe Capital CLO Ltd.
2017-1A, 1.57% (3 Month USD LIBOR + 1.35%, Rate Floor: 0.00%) due 10/22/263,5		1,269,599		1,269,346
California Street CLO XII Ltd.
2017-12A, 1.74% (3 Month USD LIBOR + 1.50%, Rate Floor: 0.00%) due 10/15/253,5		1,250,000		1,244,310

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
ASSET-BACKED SECURITIES†† - 26.5% (continued)
Collateralized Loan Obligations - 16.3% (continued)
Cent CLO Ltd.
2013-19A, 1.54% (3 Month USD LIBOR + 1.33%, Rate Floor: 0.00%) due 10/29/253,5		910,286		$	910,449
Treman Park CLO Ltd.
2015-1A, due 10/20/285,7		1,000,000			801,419
Hull Street CLO Ltd.
2017-1A, 1.44% (3 Month USD LIBOR + 1.22%, Rate Floor: 0.00%) due 10/18/263,5		731,507			731,294
LCM XXII Ltd.
2018-22A, 0.82% (3 Month USD LIBOR + 0.60%, Rate Floor: 0.60%) due 10/20/283,5		361,111			360,052
ACIS CLO Ltd.
2014-4A, 1.63% (3 Month USD LIBOR + 1.42%, Rate Floor: 0.00%) due 05/01/263,5		256,515			256,495
Copper River CLO Ltd.
2007-1A, due 01/20/217,8		500,000			14,700
OHA Credit Partners IX Ltd.
2013-9A, due 10/20/255,7		301,370			3,867
Total Collateralized Loan Obligations					708,156,706
Financial - 3.7%
Station Place Securitization Trust
2020-5, 1.15% (1 Month USD LIBOR + 1.00%, Rate Floor: 0.00%) due 05/24/22†††,3,8		57,600,000			57,600,000
2020-14, 1.29% (1 Month USD LIBOR + 1.15%, Rate Floor: 0.00%) due 03/10/21†††,3,5		17,000,000			17,000,000
2020-12, 1.64% (1 Month USD LIBOR + 1.50%, Rate Floor: 0.00%) due 06/09/21†††,3,5		10,000,000			10,000,000
2020-9, 1.64% (1 Month USD LIBOR + 1.50%, Rate Floor: 0.00%) due 02/15/21†††,3,8		2,000,000			2,000,000
Station Place Securitization Trust Series
2020-16, 1.14% (1 Month USD LIBOR + 1.00%, Rate Floor: 1.00%) due 12/22/213,5		30,000,000			30,000,000
2020-17, 1.14% (1 Month USD LIBOR + 1.00%, Rate Floor: 1.00%) due 03/24/213,5		23,000,000			23,000,000
Madison Avenue Secured Funding Trust Series
2020-1, 1.77% (1 Month USD LIBOR + 1.63%, Rate Floor: 0.00%) due 12/13/21†††,3,5		8,000,000			8,000,000
Aesf Vi Verdi LP
2.15% due 11/25/24†††		EUR	5,000,000		6,082,474
Strategic Partners Fund VIII LP
3.15% due 03/10/25†††		4,000,000			4,070,605
Total Financial					157,753,079
Net Lease - 1.7%
Oak Street Investment Grade Net Lease Fund Series
2020-1A, 1.85% due 11/20/505		40,690,780			41,015,297
Capital Automotive LLC
2017-1A, 3.87% due 04/15/475		15,537,998			15,561,518
STORE Master Funding I LLC
2015-1A, 4.17% due 04/20/455		10,396,833			10,763,551
CARS-DB4, LP
2020-1A, 3.19% due 02/15/505		3,998,333			4,120,191
Capital Automotive REIT
2020-1A, 3.48% due 02/15/505		1,999,167			2,093,791
2014-1A, 3.66% due 10/15/445		923,642			926,211
Total Net Lease					74,480,559
Transport-Aircraft - 1.7%
AASET US Ltd.
2018-2A, 4.45% due 11/18/385		17,244,542			16,291,255
Castlelake Aircraft Securitization Trust
2018-1, 4.13% due 06/15/435		8,660,619			8,231,952
2017-1, 3.97% due 07/15/42		3,455,518			3,235,948

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 26.5% (continued)
Transport-Aircraft - 1.7% (continued)
Sapphire Aviation Finance I Ltd.
2018-1A, 4.25% due 03/15/405		11,123,592	$	10,763,975
KDAC Aviation Finance Ltd.
2017-1A, 4.21% due 12/15/425		9,522,417		8,588,836
MAPS Ltd.
2018-1A, 4.21% due 05/15/435		8,346,450		7,953,938
Sapphire Aviation Finance II Ltd.
2020-1A, 3.23% due 03/15/405		7,440,321		7,203,048
AIM Aviation Finance Ltd.
2015-1A, 4.21% due 02/15/405		4,621,555		3,584,700
AASET Trust
2017-1A, 3.97% due 05/16/425		3,771,090		3,497,323
Raspro Trust
2005-1A, 1.14% (3 Month USD LIBOR + 0.93%, Rate Floor: 0.93%) due 03/23/243,5		2,434,885		2,371,641
Falcon Aerospace Ltd.
2017-1, 4.58% due 02/15/425		1,636,454		1,567,674
Total Transport-Aircraft				73,290,290
Infrastructure - 1.4%
VB-S1 Issuer LLC
2020-1A, 3.03% due 06/15/505		29,000,000		30,381,389
SBA Tower Trust
2.33% due 01/15/285		24,000,000		24,190,020
Secured Tenant Site Contract Revenue Notes Series
2018-1A, 3.97% due 06/15/485		7,163,811		7,330,538
Total Infrastructure				61,901,947
Transport-Container - 0.8%
CLI Funding VI LLC
2020-3A, 2.07% due 10/18/455		18,477,500		18,635,832
2020-1A, 2.08% due 09/18/455		1,930,000		1,950,331
Textainer Marine Containers VII Ltd.
2020-1A, 2.73% due 08/21/455		5,597,489		5,757,721
Textainer Marine Containers VIII Ltd.
2020-2A, 2.10% due 09/20/455		4,883,613		4,951,834
CAL Funding IV Ltd.
2020-1A, 2.22% due 09/25/455		3,670,313		3,716,978
Total Transport-Container				35,012,696
Collateralized Debt Obligations - 0.6%
Anchorage Credit Funding Ltd.
2016-4A, 3.50% due 02/15/355		11,650,000		11,698,755
2016-3A, 3.85% due 10/28/335		1,500,000		1,515,985
Anchorage Credit Funding 3 Ltd.
2021-3A, 2.87% due 01/28/395		9,750,000		9,760,551
Putnam Structured Product Funding Ltd.
2003-1A, 1.18% (1 Month USD LIBOR + 1.00%, Rate Floor: 0.00%) due 10/15/383,8		233,041		232,297
Total Collateralized Debt Obligations				23,207,588
Whole Business - 0.3%
Arbys Funding LLC
2020-1A, 3.24% due 07/30/505		7,231,875		7,389,602
Domino's Pizza Master Issuer LLC
2017-1A, 1.47% (3 Month USD LIBOR + 1.25%, Rate Floor: 0.00%) due 07/25/473,5		5,092,500		5,097,491
Wendy's Funding LLC
2018-1A, 3.57% due 03/15/485		1,633,480		1,683,856
Total Whole Business				14,170,949
Insurance - 0.0%
Chesterfield Financial Holdings LLC
2014-1A, 4.50% due 12/15/345		357,750		367,862
Transport-Rail - 0.0%
TRIP Rail Master Funding LLC
2017-1A, 2.71% due 08/15/475		199,941		200,193
Total Asset-Backed Securities
(Cost $1,149,365,501)				1,148,541,869

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 15.8%
Residential Mortgage Backed Securities - 13.2%
NRZ Advance Receivables Trust
2020-T2, 1.48% due 09/15/535		28,950,000	$	29,072,308
2020-T3, 1.32% due 10/15/525		20,750,000		20,801,549
CIM Trust
2018-R4, 4.07% (WAC) due 12/26/573,5		21,922,946		22,019,670
2018-R2, 3.69% (WAC) due 08/25/573,5		21,054,295		21,070,786
Towd Point Mortgage Trust
2017-6, 2.75% (WAC) due 10/25/573,5		19,043,136		19,606,508
2018-2, 3.25% (WAC) due 03/25/583,5		9,684,629		10,137,334
2017-5, 0.75% (1 Month USD LIBOR + 0.60%, Rate Floor: 0.00%) due 02/25/573,5		8,849,338		8,820,986
2018-1, 3.00% (WAC) due 01/25/583,5		1,457,279		1,514,489
CSMC Trust
2020-RPL5, 3.02% due 08/25/605		19,359,609		19,414,742
2018-RPL9, 3.85% (WAC) due 09/25/573,5		11,314,287		12,099,610
2020-NQM1, 1.41% due 05/25/655,9		8,511,602		8,529,735
Ocwen Master Advance Receivables Trust
2020-T1, 1.28% due 08/15/525		33,150,000		33,219,976
Verus Securitization Trust
2020-5, 1.58% due 05/25/655,9		15,369,824		15,390,723
2019-4, 2.64% due 11/25/595,9		11,012,245		11,267,565
2020-1, 2.42% due 01/25/605,9		6,333,584		6,451,576
Soundview Home Loan Trust
2006-OPT5, 0.29% (1 Month USD LIBOR + 0.14%, Rate Floor: 0.14%) due 07/25/363		17,344,404		16,861,785
2005-OPT3, 0.62% (1 Month USD LIBOR + 0.47%, Rate Floor: 0.47%) due 11/25/353		4,000,000		3,978,934
2006-1, 0.75% (1 Month USD LIBOR + 0.60%, Rate Floor: 0.60%) due 02/25/363		3,969,977		3,941,650
New Residential Mortgage Loan Trust
2018-2A, 3.50% (WAC) due 02/25/583,5		11,980,650		12,560,102
2018-1A, 4.00% (WAC) due 12/25/573,5		3,299,206		3,567,615
2019-6A, 3.50% (WAC) due 09/25/593,5		2,437,265		2,586,095
2017-5A, 1.65% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 06/25/573,5		1,202,945		1,217,212
FKRT
2020-C2A, 3.25% due 12/30/238		17,630,000		17,641,751
Home Equity Loan Trust
2007-FRE1, 0.34% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 04/25/373		17,138,067		16,048,894
New Residential Advance Receivables Trust Advance Receivables Backed
2020-T1, 1.43% due 08/15/535		15,750,000		15,800,539
Cascade Funding Mortgage Trust
2018-RM2, 4.00% (WAC) due 10/25/683,8		10,797,704		11,148,513
2019-RM3, 2.80% (WAC) due 06/25/693,8		3,370,363		3,410,373
Structured Asset Securities Corporation Mortgage Loan Trust
2008-BC4, 0.78% (1 Month USD LIBOR + 0.63%, Rate Floor: 0.63%) due 11/25/373		11,390,332		11,148,028
2006-BC4, 0.32% (1 Month USD LIBOR + 0.17%, Rate Floor: 0.17%) due 12/25/363		1,260,188		1,237,455
2007-BC1, 0.28% (1 Month USD LIBOR + 0.13%, Rate Floor: 0.13%) due 02/25/373		197,831		192,648
Starwood Mortgage Residential Trust
2020-1, 2.28% (WAC) due 02/25/503,5		7,448,974		7,612,947
2019-1, 2.94% (WAC) due 06/25/493,5		4,554,896		4,620,100

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 15.8% (continued)
Residential Mortgage Backed Securities - 13.2% (continued)
NovaStar Mortgage Funding Trust Series
2007-2, 0.35% (1 Month USD LIBOR + 0.20%, Rate Cap/Floor: 11.00%/0.20%) due 09/25/373		11,715,166	$	11,224,046
New Residential Advance Receivables Trust Advance Receivables Backed Notes
2020-APT1, 1.04% due 12/16/525		10,900,000		10,902,950
Banc of America Funding Trust
2015-R2, 0.41% (1 Month USD LIBOR + 0.26%, Rate Floor: 0.26%) due 04/29/373,5		10,278,000		9,972,929
2015-R4, 0.32% (1 Month USD LIBOR + 0.17%, Rate Floor: 0.17%) due 01/27/353,5		817,220		810,824
Ameriquest Mortgage Securities Incorporated Asset-Backed Pass-Through Ctfs Series
2005-R10, 0.79% (1 Month USD LIBOR + 0.65%, Rate Floor: 0.65%) due 01/25/363		10,011,412		9,975,570
GS Mortgage-Backed Securities Trust
2020-NQM1, 1.38% (WAC) due 09/27/603,5		9,519,981		9,570,385
Alternative Loan Trust
2007-OA7, 0.29% (1 Month USD LIBOR + 0.14%, Rate Floor: 0.14%) due 05/25/473		7,098,675		6,595,644
2007-OH3, 0.44% (1 Month USD LIBOR + 0.29%, Rate Cap/Floor: 10.00%/0.29%) due 09/25/473		2,926,794		2,726,722
BRAVO Residential Funding Trust
2019-NQM1, 2.67% (WAC) due 07/25/593,5		6,787,327		6,946,829
2019-NQM2, 2.75% (WAC) due 11/25/593,5		1,974,329		2,036,194
CIT Mortgage Loan Trust
2007-1, 1.50% (1 Month USD LIBOR + 1.35%, Rate Floor: 1.35%) due 10/25/373,5		8,337,590		8,377,288
2007-1, 1.60% (1 Month USD LIBOR + 1.45%, Rate Floor: 1.45%) due 10/25/373,5		477,274		479,962
Homeward Opportunities Fund I Trust
2019-3, 2.68% (WAC) due 11/25/593,5		4,680,303		4,764,843
2019-2, 2.70% (WAC) due 09/25/593,5		3,619,716		3,659,572
American Home Mortgage Investment Trust
2006-3, 0.51% (1 Month USD LIBOR + 0.36%, Rate Cap/Floor: 10.50%/0.36%) due 12/25/463		7,900,468		7,421,932
Argent Securities Incorporated Asset-Backed Pass-Through Certificates Series
2005-W2, 0.88% (1 Month USD LIBOR + 0.74%, Rate Floor: 0.74%) due 10/25/353		7,250,000		7,183,507
Park Place Securities Incorporated Asset Backed Pass Through Certificates Ser
2005-WHQ3, 1.09% (1 Month USD LIBOR + 0.95%, Rate Floor: 0.95%) due 06/25/353		7,025,000		6,996,192
Bear Stearns Asset Backed Securities I Trust
2006-HE9, 0.29% (1 Month USD LIBOR + 0.14%, Rate Floor: 0.14%) due 11/25/363		6,842,306		6,557,213
Morgan Stanley Home Equity Loan Trust
2006-2, 0.71% (1 Month USD LIBOR + 0.56%, Rate Floor: 0.56%) due 02/25/363		5,511,279		5,453,176

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 15.8% (continued)
Residential Mortgage Backed Securities - 13.2% (continued)
Residential Mortgage Loan Trust
2020-1, 2.38% (WAC) due 02/25/243,5		4,965,820	$	5,060,653
HarborView Mortgage Loan Trust
2006-14, 0.30% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 01/25/473		2,925,860		2,667,803
2006-12, 0.34% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 01/19/383		2,513,486		2,343,070
First NLC Trust
2005-4, 0.93% (1 Month USD LIBOR + 0.78%, Rate Cap/Floor: 14.00%/0.78%) due 02/25/363		4,921,908		4,848,540
Citigroup Mortgage Loan Trust
2019-IMC1, 2.72% (WAC) due 07/25/493,5		2,803,074		2,853,364
2007-WFH2, 0.55% (1 Month USD LIBOR + 0.40%, Rate Floor: 0.40%) due 03/25/373		1,940,031		1,928,374
Countrywide Asset-Backed Certificates
2006-6, 0.49% (1 Month USD LIBOR + 0.34%, Rate Floor: 0.34%) due 09/25/363		3,561,270		3,530,178
2006-5, 0.73% (1 Month USD LIBOR + 0.58%, Rate Floor: 0.58%) due 08/25/363		1,040,471		1,033,481
Ellington Financial Mortgage Trust
2020-2, 1.64% (WAC) due 10/25/653,5		4,240,690		4,244,258
Legacy Mortgage Asset Trust
2018-GS3, 4.00% due 06/25/585,9		4,189,401		4,217,181
Structured Asset Investment Loan Trust
2006-3, 0.30% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 06/25/363		3,702,156		3,624,328
2005-2, 0.88% (1 Month USD LIBOR + 0.74%, Rate Floor: 0.74%) due 03/25/353		348,079		346,598
2005-1, 0.87% (1 Month USD LIBOR + 0.72%, Rate Floor: 0.72%) due 02/25/353,5		113,961		113,458
Nationstar Home Equity Loan Trust
2007-B, 0.37% (1 Month USD LIBOR + 0.22%, Rate Floor: 0.22%) due 04/25/373		4,054,407		4,007,764
SPS Servicer Advance Receivables Trust
2020-T2, 1.83% due 11/15/555		3,750,000		3,771,820
FBR Securitization Trust
2005-2, 0.90% (1 Month USD LIBOR + 0.75%, Rate Cap/Floor: 14.00%/0.75%) due 09/25/353		3,626,468		3,618,211
Nationstar HECM Loan Trust
2019-2A, 2.27% (WAC) due 11/25/293,5		3,313,222		3,320,264
JP Morgan Mortgage Acquisition Trust
2006-HE2, 0.29% (1 Month USD LIBOR + 0.14%, Rate Floor: 0.14%) due 07/25/363		3,261,219		3,231,511
Asset Backed Securities Corporation Home Equity Loan Trust Series AEG
2006-HE1, 0.55% (1 Month USD LIBOR + 0.40%, Rate Floor: 0.40%) due 01/25/363		3,350,000		3,222,091
Deephaven Residential Mortgage Trust
2019-3A, 2.96% (WAC) due 07/25/593,5		2,277,012		2,300,399
2017-3A, 2.58% (WAC) due 10/25/473,5		721,663		729,575
Credit-Based Asset Servicing and Securitization LLC
2006-CB2, 0.53% (1 Month USD LIBOR + 0.38%, Rate Floor: 0.38%) due 12/25/363		2,915,937		2,819,935

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 15.8% (continued)
Residential Mortgage Backed Securities - 13.2% (continued)
CSMC Series
2015-12R, 0.65% (WAC) due 11/30/373,5		2,228,057	$	2,220,791
2014-2R, 0.35% (1 Month USD LIBOR + 0.20%, Rate Floor: 0.20%) due 02/27/463,5		154,264		151,182
LSTAR Securities Investment Trust
2019-1, 1.86% (1 Month USD LIBOR + 1.70%, Rate Floor: 0.00%) due 03/01/243,5		2,088,929		2,096,405
ACE Securities Corporation Home Equity Loan Trust Series
2005-HE2, 1.17% (1 Month USD LIBOR + 1.02%, Rate Floor: 1.02%) due 04/25/353		2,000,000		1,981,815
Morgan Stanley ABS Capital I Incorporated Trust
2006-NC1, 0.72% (1 Month USD LIBOR + 0.57%, Rate Floor: 0.57%) due 12/25/353		1,288,255		1,280,469
Morgan Stanley Capital I Incorporated Trust
2006-HE1, 0.73% (1 Month USD LIBOR + 0.58%, Rate Floor: 0.58%) due 01/25/363		1,266,737		1,239,443
First Franklin Mortgage Loan Trust
2004-FF10, 1.42% (1 Month USD LIBOR + 1.28%, Rate Floor: 1.28%) due 07/25/343		870,865		871,263
Nomura Resecuritization Trust
2015-4R, 1.71% (1 Month USD LIBOR + 0.43%, Rate Floor: 0.43%) due 03/26/363,5		844,471		839,589
GE-WMC Asset-Backed Pass-Through Certificates Series
2005-2, 0.65% (1 Month USD LIBOR + 0.50%, Rate Floor: 0.50%) due 12/25/353		585,061		583,602
UCFC Manufactured Housing Contract
1997-2, 7.38% due 10/15/28		219,937		230,404
Encore Credit Receivables Trust
2005-4, 0.81% (1 Month USD LIBOR + 0.66%, Rate Floor: 0.66%) due 01/25/363		200,811		200,713
Morgan Stanley Re-REMIC Trust
2010-R5, 1.57% due 06/26/365		79,945		71,921
GSAMP Trust
2005-HE6, 0.81% (1 Month USD LIBOR + 0.66%, Rate Floor: 0.66%) due 11/25/353		53,377		53,232
GreenPoint Mortgage Funding Trust
2007-AR1, 0.23% (1 Month USD LIBOR + 0.08%, Rate Floor: 0.08%) due 02/25/47†††,3		107		107
Total Residential Mortgage Backed Securities				570,301,768
Commercial Mortgage Backed Securities - 1.5%
Morgan Stanley Capital I Trust
2014-MP, 3.47% due 08/11/335		18,800,000		18,987,239
2014-CPT, 3.45% (WAC) due 07/13/293,5		5,000,000		5,037,400
2014-MP, 3.69% (WAC) due 08/11/333,5		2,365,000		2,390,963
Wells Fargo Commercial Mortgage Trust
2017-C38, 1.05% (WAC) due 07/15/503,10		24,747,426		1,268,189
2016-C37, 0.96% (WAC) due 12/15/493,10		36,071,890		1,143,645
2017-C42, 0.88% (WAC) due 12/15/503,10		14,785,501		753,015
2015-LC22, 0.77% (WAC) due 09/15/583,10		21,665,021		641,612
2017-RB1, 1.24% (WAC) due 03/15/503,10		9,688,160		600,650
2016-NXS5, 1.46% (WAC) due 01/15/593,10		5,431,332		313,665

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 15.8% (continued)
Commercial Mortgage Backed Securities - 1.5% (continued)
JPMDB Commercial Mortgage Securities Trust
2016-C4, 0.79% (WAC) due 12/15/493,10		38,725,149	$	1,497,753
2018-C8, 0.64% (WAC) due 06/15/513,10		42,384,679		1,417,157
2016-C2, 1.57% (WAC) due 06/15/493,10		7,589,130		445,801
2017-C5, 0.93% (WAC) due 03/15/503,10		3,513,452		160,291
COMM Mortgage Trust
2015-CR24, 0.76% (WAC) due 08/10/483,10		62,661,939		1,860,032
2018-COR3, 0.44% (WAC) due 05/10/513,10		35,476,218		1,038,059
DBJPM Mortgage Trust
2017-C6, 1.02% (WAC) due 06/10/503,10		62,060,706		2,877,519
Banc of America Commercial Mortgage Trust
2017-BNK3, 1.11% (WAC) due 02/15/503,10		32,900,277		1,673,246
2016-UB10, 1.92% (WAC) due 07/15/493,10		18,053,900		1,181,016
JP Morgan Chase Commercial Mortgage Securities Trust
2016-JP2, 1.80% (WAC) due 08/15/493,10		35,796,130		2,839,943
BENCHMARK Mortgage Trust
2018-B2, 0.42% (WAC) due 02/15/513,10		122,721,623		2,600,275
Morgan Stanley Bank of America Merrill Lynch Trust
2015-C27, 0.91% (WAC) due 12/15/473,10		33,521,631		1,153,660
2017-C34, 0.80% (WAC) due 11/15/523,10		24,288,708		1,038,347
UBS Commercial Mortgage Trust
2017-C2, 1.08% (WAC) due 08/15/503,10		28,844,061		1,421,011
2017-C5, 1.00% (WAC) due 11/15/503,10		13,772,993		661,465
GB Trust
2020-FLIX, 1.76% (1 Month USD LIBOR + 1.60%, Rate Floor: 1.60%) due 08/15/373,5		2,000,000		2,008,982
CSAIL Commercial Mortgage Trust
2019-C15, 1.05% (WAC) due 03/15/523,10		19,918,925		1,292,025
2016-C6, 1.92% (WAC) due 01/15/493,10		6,987,360		522,873
BBCMS Mortgage Trust
2018-C2, 0.77% (WAC) due 12/15/513,10		29,829,295		1,505,067
BAMLL Commercial Mortgage Securities Trust
2012-PARK, 2.96% due 12/10/305		1,300,000		1,355,980
Bancorp Commercial Mortgage Trust
2018-CR3, 1.41% (1 Month USD LIBOR + 1.25%, Rate Floor: 1.25%) due 01/15/333,5		1,283,753		1,280,336
CD Commercial Mortgage Trust
2017-CD4, 1.29% (WAC) due 05/10/503,10		16,848,111		984,877
CD Mortgage Trust
2017-CD6, 0.92% (WAC) due 11/13/503,10		14,183,559		585,755
2016-CD1, 1.39% (WAC) due 08/10/493,10		6,786,791		392,872
CGMS Commercial Mortgage Trust
2017-B1, 0.83% (WAC) due 08/15/503,10		21,986,113		889,789
Citigroup Commercial Mortgage Trust
2016-C2, 1.75% (WAC) due 08/10/493,10		6,548,663		496,745
2016-GC37, 1.70% (WAC) due 04/10/493,10		3,438,866		244,662
GS Mortgage Securities Trust
2017-GS6, 1.04% (WAC) due 05/10/503,10		11,456,791		638,504
BANK
2017-BNK6, 0.82% (WAC) due 07/15/603,10		15,001,122		597,063

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 15.8% (continued)
Commercial Mortgage Backed Securities - 1.5% (continued)
JPMBB Commercial Mortgage Securities Trust
2013-C17, 0.74% (WAC) due 01/15/473,10		22,504,072		$	424,073
Total Commercial Mortgage Backed Securities					66,221,556
Government Agency - 1.1%
Freddie Mac Multifamily Structured Pass Through Certificates
2018-K074, 3.60% due 02/25/28		14,000,000			16,346,463
2018-K078, 3.92% due 06/25/28		3,350,000			3,991,622
2013-K035, 0.35% (WAC) due 08/25/233,10		101,732,402			837,421
Fannie Mae
3.59% due 02/01/29		10,200,000			11,548,324
3.21% due 08/01/27		2,113,094			2,376,789
Freddie Mac Seasoned Credit Risk Transfer Trust
2020-3, 2.00% due 05/25/60		4,869,909			5,016,475
2020-2, 2.00% due 11/25/59		2,800,718			2,886,664
Fannie Mae-Aces
2020-M23, 1.74% due 03/25/35		3,840,000			3,938,327
2020-M23, 1.50% (WAC) due 03/25/353,10		8,989,241			1,236,140
Total Government Agency					48,178,225
Total Collateralized Mortgage Obligations
(Cost $676,324,178)					684,701,549
FOREIGN GOVERNMENT DEBT†† - 13.7%
Government of Japan
(0.13)% due 01/06/2111		JPY	12,423,550,000		120,318,600
(0.16)% due 01/12/2111		JPY	4,452,850,000		43,125,344
(0.17)% due 01/25/2111		JPY	2,175,000,000		21,065,509
Republic of Portugal
(0.56)% due 01/15/2111		EUR	84,765,000		103,594,627
Kingdom of Spain
(0.55)% due 01/15/2111		EUR	69,550,000		85,005,805
Province of Nova Scotia
0.12% due 01/14/2111		CAD	55,940,000		43,975,537
0.14% due 01/05/2111		CAD	29,424,000		23,131,480
State of Israel
1.00% due 04/30/21		ILS	122,410,000		38,254,271
Republic of Brazil
due 04/01/21		BRL	194,400,000		37,278,244
Kingdom of Sweden
(0.22)% due 01/20/2111		SEK	201,560,000		24,508,435
(0.26)% due 03/17/2111		SEK	56,300,000		6,847,729
Newfoundland
0.15% due 02/04/2111		CAD	20,000,000		15,720,193
0.15% due 01/28/2111		CAD	3,400,000		2,672,540
Province of Manitoba Canada
0.13% due 01/06/2111		CAD	13,850,000		10,888,085
0.15% due 01/20/2111		CAD	3,750,000		2,947,860
0.15% due 01/27/2111		CAD	750,000		589,548
Province of Ontario
0.13% due 01/20/2111		CAD	8,650,000		6,799,732
0.13% due 01/27/2111		CAD	3,785,000		2,975,255
United Mexican States
4.28% due 01/07/2111		MXN	79,700,000		4,004,710
Province of Quebec
0.12% due 01/08/2111		CAD	908,000		713,811
Total Foreign Government Debt
(Cost $580,736,844)					594,417,315
SENIOR FLOATING RATE INTERESTS††,3 - 1.5%
Consumer, Non-cyclical - 0.3%
US Foods, Inc.
4.25% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.25%) due 04/24/25†††		4,906,250			4,808,125
1.90% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 06/27/23		398,956			392,564
Bombardier Recreational Products, Inc.
6.00% (3 Month USD LIBOR + 5.00%, Rate Floor: 6.00%) due 05/24/27		4,688,250			4,772,638
National Mentor Holdings, Inc.
4.25% due 03/09/26		2,228,700			2,223,597
PAREXEL International Corp.
2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 09/27/24		1,070,000			1,050,440
Diamond (BC) BV
3.21% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 09/06/24		972,494			957,099

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,3 - 1.5% (continued)
Consumer, Non-cyclical - 0.3% (continued)
Civitas Solutions, Inc.
4.43% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 03/09/26		307,576	$	306,872
4.51% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 03/09/26		13,724		13,693
Total Consumer, Non-cyclical				14,525,028
Industrial - 0.3%
Filtration Group Corp.
3.15% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/31/25		5,146,244		5,086,033
Delta Air Lines, Inc.
5.75% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.75%) due 05/01/23		2,985,000		3,027,119
Mileage Plus Holdings LLC
6.25% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 06/21/27		2,600,000		2,702,388
Cushman & Wakefield US Borrower LLC
2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 08/21/25		498,744		489,018
JetBlue Airways Corp.
6.25% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 06/17/24		217,215		222,952
VC GB Holdings, Inc.
4.00% (1 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 02/28/24†††		200,000		199,500
Total Industrial				11,727,010
Technology - 0.3%
MACOM Technology Solutions Holdings, Inc.
2.40% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 05/17/24		8,522,304		8,300,724
Ascend Learning LLC
4.75% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 07/12/24		1,945,125		1,948,373
Neustar, Inc.
4.50% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 08/08/24		19,504		18,858
Total Technology				10,267,955
Consumer, Cyclical - 0.2%
Samsonite IP Holdings SARL
5.50% (1 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 04/25/25		7,064,500		7,015,967
BGIS (BIFM CA Buyer, Inc.)
3.65% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 06/01/26		2,435,496		2,426,363
Intrawest Resorts Holdings, Inc.
2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 07/31/24		249,357		245,512
GVC Holdings PLC
3.25% (3 Month USD LIBOR + 2.25%, Rate Floor: 3.25%) due 03/29/24		199,487		199,549
Total Consumer, Cyclical				9,887,391
Financial - 0.2%
USI, Inc.
3.25% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 05/16/24		4,844,292		4,770,611
HUB International Ltd.
2.96% (3 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 04/25/25		3,250,000		3,188,055
Total Financial				7,958,666
Basic Materials - 0.2%
Invictus MD Strategies Corp.
3.15% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/28/25		6,460,037		6,337,748

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,3 - 1.5% (continued)
Basic Materials - 0.2% (continued)
GrafTech Finance, Inc.
4.50% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 02/12/25		1,622,303	$	1,618,929
Total Basic Materials				7,956,677
Energy - 0.0%
Venture Global Calcasieu Pass LLC
2.53% (1 Month USD LIBOR + 2.38% and 3 Month USD LIBOR + 2.38%, Rate Floor: 2.38%) due 08/19/26		938,757		882,432
Total Senior Floating Rate Interests
(Cost $62,231,185)				63,205,159
MUNICIPAL BONDS†† - 0.3%
California - 0.3%
Eastern Municipal Water District Revenue Bonds
0.07% due 07/01/463,12		11,000,000		11,000,000
San Dieguito Union High School District General Obligation Unlimited
2.68% due 08/01/36		2,500,000		2,616,925
Total California				13,616,925
Total Municipal Bonds
(Cost $13,500,000)				13,616,925
REPURCHASE AGREEMENTS†††,13 - 1.0%
J.P. Morgan Securities LLC
issued 12/31/20 at 0.06%  due 01/01/21		45,000,000		45,000,000
Total Repurchase Agreements
(Cost $45,000,000)				45,000,000
		Notional Value
OTC OPTIONS PURCHASED†† - 0.1%
Call options on:
Goldman Sachs International 2Y-10 CMS CAP Expiring July 2022 with strike price of $0.40		772,000,000		3,890,880
Goldman Sachs International 2Y-10 CMS CAP Expiring July 2022 with strike price of $0.61		296,000,000		1,041,920
Bank of America, N.A. 2Y-10 CMS CAP Expiring July 2022 with strike price of $0.40		115,000,000		579,600
Total Call options				5,512,400
Total OTC Options Purchased
(Cost $2,446,140)				5,512,400
Total Investments - 100.0%
(Cost $4,236,653,651)			$	4,345,581,746
Other Assets & Liabilities, net - 0.0%				(972,169	)
Total Net Assets - 100.0%			$	4,344,609,577

Centrally Cleared Credit Default Swap Agreements Protection Sold††

Counterparty

Exchange

Index

Protection Premium Rate

Payment Frequency

Maturity Date

Notional Amount

Value

Upfront Premiums Paid(Received)

Unrealized Appreciation**

BofA Securities, Inc.

ICE

CDX.NA.HY.35.V1

5.00%

Quarterly

12/20/25

$

6,360,000

$

593,203

$

257,899

$

335,304

Centrally Cleared Interest Rate Swap Agreements††
Counterparty	Exchange	Floating Rate Type	Floating Rate Index	Fixed Rate	Payment Frequency	Maturity Date	Notional Amount		Value		Upfront Premiums Paid (Received)		Unrealized Appreciation**
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	1.37%	Annually	12/04/21	$	177,800,000	$	2,175,141	$	343	$	2,174,798
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	1.31%	Annually	11/25/21		98,600,000		1,118,568		244		1,118,324
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	0.62%	Annually	03/04/22		110,305,000		719,052		–		719,052
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	1.40%	Annually	12/13/21		54,950,000		703,026		207		702,819
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	1.36%	Annually	12/09/21		46,500,000		572,559		194		572,365
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	1.37%	Annually	09/30/21		43,200,000		425,635		151		425,484
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	1.23%	Annually	08/22/21		44,400,000		335,560		130		335,430
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	1.46%	Annually	09/17/21		29,600,000		297,002		41		296,961
									$	6,346,543	$	1,310	$	6,345,233

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Total Return Swap Agreements
Counterparty	Index	Financing Rate Receive	Payment Frequency	Maturity Date	Units	Notional Amount		Value and Unrealized Appreciation (Depreciation)
OTC Fixed Income Index Swap Agreements Sold Short††
BNP Paribas	iShares Core U.S. Aggregate Bond ETF	(0.55)% (1 Month USD LIBOR + 0.40%)	At Maturity	01/21/21	571,500	$	67,545,585	$	57,150
JPMorgan Chase Bank, N.A.	iShares Core U.S. Aggregate Bond ETF	(0.54)% (2 Month USD LIBOR + 0.36%)	At Maturity	01/21/21	305,000		36,047,950		(73,200	)
BNP Paribas	iShares Core U.S. Aggregate Bond ETF	(0.54)% (3 Month USD LIBOR + 0.40%)	At Maturity	01/20/21	327,250		38,677,678		(183,260	)
JPMorgan Chase Bank, N.A.	iShares Core U.S. Aggregate Bond ETF	(0.45)% (3 Month USD LIBOR + 0.24%)	At Maturity	01/20/21	322,750		38,145,822		(219,470	)
Goldman Sachs International	iShares iBoxx $ High Yield Corporate Bond ETF	(0.50)% (1 Month USD LIBOR + 0.35%)	At Maturity	01/27/21	430,200		37,556,460		(443,106	)
Goldman Sachs International	iShares iBoxx $ Investment Grade Corporate Bond ETF	(0.47)% (1 Month USD LIBOR + 0.33%)	At Maturity	02/01/21	265,600		36,687,328		(1,168,640	)
						$	254,660,823	$	(2,030,526	)

Forward Foreign Currency Exchange Contracts††
Counterparty	Contracts to Sell	Currency	Settlement Date	Settlement Value		Value at December 31, 2020		Unrealized Appreciation (Depreciation)
Citibank N.A., New York	121,120,000	BRL	07/01/21	$	28,823,148	$	23,240,671	$	5,582,477
Goldman Sachs International	40,300,000	BRL	07/01/21		9,441,256		7,732,819		1,708,437
JPMorgan Chase Bank, N.A.	18,300,000	BRL	07/01/21		4,347,310		3,511,429		835,881
Citibank N.A., New York	912,456,000	JPY	07/01/21		8,984,580		8,856,788		127,792
Barclays Bank plc	843,421,500	JPY	07/01/21		8,292,415		8,186,702		105,713
Citibank N.A., New York	51,080,000	CAD	01/14/21		40,178,870		40,158,553		20,317
Goldman Sachs International	79,700,000	MXN	01/07/21		4,021,799		4,007,171		14,628
BNP Paribas	8,650,000	CAD	01/20/21		6,802,748		6,800,758		1,990
Morgan Stanley Capital Services LLC	4,995,000	EUR	03/30/21		6,116,078		6,115,323		755
Citibank N.A., New York	3,750,000	CAD	01/20/21		2,948,896		2,948,306		590
Barclays Bank plc	908,000	CAD	01/08/21		714,023		713,837		186
Citibank N.A., New York	456,000	JPY	01/04/21		4,450		4,416		34
Barclays Bank plc	421,500	JPY	01/04/21		4,106		4,082		24
Citibank N.A., New York	1,875	ILS	02/01/21		531		584		(53	)
BNP Paribas	3,400,000	CAD	01/28/21		2,672,432		2,673,246		(814	)
BNP Paribas	4,535,000	CAD	01/27/21		3,564,075		3,565,619		(1,544	)
Goldman Sachs International	4,860,000	CAD	01/14/21		3,819,238		3,820,880		(1,642	)
Bank of America, N.A.	684,200	ILS	02/01/21		199,912		213,298		(13,386	)
UBS AG	2,175,000,000	JPY	01/25/21		21,009,966		21,069,851		(59,885	)
UBS AG	2,266,550,000	JPY	01/06/21		21,877,241		21,951,079		(73,838	)
JPMorgan Chase Bank, N.A.	4,424,000	CAD	01/05/21		3,368,637		3,477,933		(109,296	)
Bank of America, N.A.	5,454,000	ILS	04/30/21		1,586,157		1,703,784		(117,627	)
Citibank N.A., New York	56,300,000	SEK	03/17/21		6,652,330		6,850,736		(198,406	)
Citibank N.A., New York	17,585,000	EUR	01/15/21		21,275,643		21,492,539		(216,896	)
Bank of America, N.A.	13,124,200	ILS	01/31/22		3,890,957		4,126,442		(235,485	)
UBS AG	456,100,000	MXN	02/18/21		22,581,075		22,824,951		(243,876	)
Citibank N.A., New York	12,524,000	ILS	04/30/21		3,658,245		3,912,392		(254,147	)
UBS AG	4,452,850,000	JPY	01/12/21		42,815,866		43,128,453		(312,587	)
UBS AG	20,000,000	CAD	02/04/21		15,388,238		15,725,570		(337,332	)
JPMorgan Chase Bank, N.A.	23,240,000	CAD	01/27/21		17,834,189		18,272,323		(438,134	)
Barclays Bank plc	13,850,000	CAD	01/06/21		10,441,876		10,888,252		(446,376	)
UBS AG	467,000,000	MXN	01/28/21		22,736,523		23,423,597		(687,074	)
Goldman Sachs International	42,231,650	ILS	01/31/22		12,500,228		13,278,255		(778,027	)
Goldman Sachs International	11,989,250	EUR	07/30/21		13,927,012		14,719,081		(792,069	)
Barclays Bank plc	25,000,000	CAD	01/05/21		18,839,587		19,653,779		(814,192	)
Goldman Sachs International	194,400,000	BRL	04/01/21		36,483,062		37,408,165		(925,103	)
UBS AG	201,560,000	SEK	01/20/21		23,567,626		24,511,447		(943,821	)
JPMorgan Chase Bank, N.A.	1,207,000,000	MXN	01/14/21		59,633,504		60,637,252		(1,003,748	)
Barclays Bank plc	34,670,000	EUR	01/15/21		41,077,109		42,373,974		(1,296,865	)
JPMorgan Chase Bank, N.A.	21,006,375	EUR	07/30/21		24,244,928		25,789,315		(1,544,387	)
UBS AG	1,199,400,000	MXN	02/25/21		58,245,638		59,978,293		(1,732,655	)
Citibank N.A., New York	10,157,000,000	JPY	01/06/21		96,528,142		98,368,493		(1,840,351	)
Goldman Sachs International	196,647,000	ILS	04/30/21		57,843,529		61,430,864		(3,587,335	)
JPMorgan Chase Bank, N.A.	102,060,000	EUR	01/15/21		120,862,653		124,738,617		(3,875,964	)
Goldman Sachs International	218,667,533	ILS	02/01/21		63,610,504		68,169,333		(4,558,829	)
								$	(19,042,920	)

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Forward Foreign Currency Exchange Contracts^††

Counterparty	Contracts to Buy	Currency	Settlement Date	Settlement Value		Value at December 31, 2020		Unrealized Appreciation (Depreciation)
Barclays Bank plc	32,995,625	EUR	07/30/21	$	35,907,159	$	40,508,396	$	4,601,237
Goldman Sachs International	117,465,319	ILS	02/01/21		32,919,631		36,619,667		3,700,036
Goldman Sachs International	55,355,850	ILS	01/31/22		15,359,559		17,404,697		2,045,138
Goldman Sachs International	45,495,450	ILS	04/30/21		12,689,087		14,212,395		1,523,308
JPMorgan Chase Bank, N.A.	45,495,450	ILS	04/30/21		12,819,231		14,212,395		1,393,164
UBS AG	101,888,289	ILS	02/01/21		30,458,320		31,763,548		1,305,228
UBS AG	1,199,400,000	MXN	02/25/21		59,048,402		59,978,293		929,891
JPMorgan Chase Bank, N.A.	1,755,877,500	JPY	07/01/21		16,249,098		17,043,490		794,392
UBS AG	467,000,000	MXN	01/28/21		23,074,217		23,423,597		349,380
JPMorgan Chase Bank, N.A.	23,240,000	CAD	01/27/21		17,971,064		18,272,323		301,259
BNP Paribas	456,100,000	MXN	02/18/21		22,697,188		22,824,951		127,763
Citibank N.A., New York	119,515,000	BRL	07/01/21		22,919,925		22,932,701		12,776
JPMorgan Chase Bank, N.A.	877,500	JPY	01/04/21		8,074		8,498		424
UBS AG	1,207,000,000	MXN	01/14/21		60,688,979		60,637,252		(51,727	)
JPMorgan Chase Bank, N.A.	60,205,000	BRL	07/01/21		11,667,635		11,552,217		(115,418	)
								$	16,916,851

~	The face amount is denominated in U.S. dollars unless otherwise indicated.
**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
1	Affiliated issuer.
2	Rate indicated is the 7-day yield as of December 31, 2020.
3	Variable rate security. Rate indicated is the rate effective at December 31, 2020. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
4	Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.
5	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $1,849,724,816 (cost $1,830,312,074), or 42.6% of total net assets.
6	Perpetual maturity.
7	Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.
8	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $92,047,634 (cost $92,179,625), or 2.1% of total net assets — See Note 6.
9	Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2020. See table below for additional step information for each security.
10	Security is an interest-only strip.
11	Rate indicated is the effective yield at the time of purchase.
12	The rate is adjusted periodically by the counterparty, allows the holder to tender the security upon a rate reset, and is not based upon a set reference rate and spread. Rate indicated is the rate effective at December 31, 2020.
13	Repurchase Agreements - The interest rate on repurchase agreements is market driven and based on the underlying collateral obtained. See additional disclosure in the repurchase agreements table below for more information on repurchase agreements.

BofA — Bank of America

BRL — Brazilian Real

CAD — Canadian Dollar

CDX.NA.HY.35.V1 — Credit Default Swap North American High Yield Series 35 Index Version 1

CME — Chicago Mercantile Exchange

CMS — Constant Maturity Swap

EUR — Euro

ICE — Intercontinental Exchange

ILS — Israeli New Shekel

JPY — Japanese Yen

LIBOR — London Interbank Offered Rate

MXN — Mexican Peso

plc — Public Limited Company

REMIC — Real Estate Mortgage Investment Conduit

REIT — Real Estate Investment Trust

SARL — Société à Responsabilité Limitée

SEK — Swedish Krona

WAC — Weighted Average Coupon

See Sector Classification in Other Information section.

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

The following table summarizes the inputs used to value the Fund's investments at December 31, 2020 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Preferred Stocks	$	—	$	5,006,256	$	—	$	5,006,256
Exchange-Traded Funds		265,193,568		—		—		265,193,568
Mutual Funds		88,294,780		—		—		88,294,780
Money Market Fund		96,879,914		—		—		96,879,914
Corporate Bonds		—		1,322,721,489		12,490,522		1,335,212,011
Asset-Backed Securities		—		1,034,141,021		114,400,848		1,148,541,869
Collateralized Mortgage Obligations		—		684,701,442		107		684,701,549
Foreign Government Debt		—		594,417,315		—		594,417,315
Senior Floating Rate Interests		—		58,197,534		5,007,625		63,205,159
Municipal Bonds		—		13,616,925		—		13,616,925
Repurchase Agreements		—		45,000,000		—		45,000,000
Options Purchased		—		5,512,400		—		5,512,400
Credit Default Swap Agreements**		—		335,304		—		335,304
Interest Rate Swap Agreements**		—		6,345,233		—		6,345,233
Forward Foreign Currency Exchange Contracts**		—		25,482,820		—		25,482,820
Fixed Income Index Swap Agreements**		—		57,150		—		57,150
Total Assets	$	450,368,262	$	3,795,534,889	$	131,899,102	$	4,377,802,253

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Forward Foreign Currency Exchange Contracts**	$	—	$	27,608,889	$	—	$	27,608,889
Fixed Income Index Swap Agreements**		—		2,087,676		—		2,087,676
Unfunded Loan Commitments (Note 5)		—		—		63,675		63,675
Total Liabilities	$	—	$	29,696,565	$	63,675	$	29,760,240

** This derivative is reported as unrealized appreciation/depreciation at period end.

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:

Category	Ending Balance at December 31, 2020		Valuation Technique	Unobservable Inputs	Input Range	Weighted Average
Assets:
Asset-Backed Securities	$	79,247,769	Option Adjusted Spread off the prior month end broker quote	Broker Quote	—	—
Asset-Backed Securities		25,000,000	Model Price	Purchase Price	—	—
Asset-Backed Securities		10,153,079	Yield Analysis	Yield	2.2%-2.3%	2.3%
Collateralized Mortgage Obligations		107	Model Price	Purchase Price	—	—
Corporate Bonds		12,490,522	Option Adjusted Spread off the prior month end broker quote	Broker Quote	—	—
Senior Floating Rate Interests		5,007,625	Third Party Pricing	Broker Quote	—	—
Total Assets	$	131,899,102

Liabilities:
Unfunded Loan Commitments	$	63,675	Model Price	Purchase Price	–	–

Significant changes in a quote or yield would generally result in significant changes in the fair value of the security.

The Fund’s fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment’s valuation changes. For the period ended December 31, 2020, the Fund had securities with a total value of $28,503,043 transfer into Level 3 from Level 2 due to lack of observable inputs.

Summary of Fair Value Level 3 Activity

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2020:

	Assets														Liabilities
	Asset- Backed Securities			Collateralized Mortgage Obligations			Corporate Bonds			Senior Floating Rate Interests		Total Assets			Unfunded Loan Commitments
Beginning Balance	$	98,361,270		$	28,023,753		$	4,682,550		$	-	$	131,067,573		$	(163,932	)
Purchases/(Receipts)		25,000,000			116			7,812,241			198,500		33,010,857			-
(Sales, maturities and paydowns)/Fundings		(32,900,000	)		(27,773,798	)		-			-		(60,673,798	)		77,447
Amortization of premiums/discounts		-			(32	)		(10,146	)		27		(10,151	)		-
Total realized gains (losses) included in earnings		-			(19	)		-			-		(19	)		-
Total change in unrealized appreciation (depreciation) included in earnings		244,660			(249,913	)		5,877			973		1,597			22,810
Transfers into Level 3		23,694,918			-			-			4,808,125		28,503,043			-
Ending Balance	$	114,400,848		$	107		$	12,490,522		$	5,007,625	$	131,899,102		$	(63,675	)
Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31, 2020	$	244,660		$	(3	)	$	5,877		$	973	$	251,507		$	22,810

Step Coupon Bonds

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, none are scheduled to decrease.

Name	Coupon Rate at Next Reset Date	Next Rate Reset Date	Future Reset Rate(s)	Future Reset Date(s)
CSMC Trust 2020-NQM1, 1.41% due 05/25/65	2.41%	09/26/24	—	—
Legacy Mortgage Asset Trust 2018-GS3, 4.00% due 06/25/58	7.00%	07/25/21	8.00%	07/26/22
Verus Securitization Trust 2020-5, 1.58% due 05/25/65	2.58%	10/26/24	—	—
Verus Securitization Trust 2019-4, 2.64% due 11/25/59	3.64%	10/26/23	—	—
Verus Securitization Trust 2020-1, 2.42% due 01/25/60	3.42%	01/26/24	—	—

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Repurchase Agreements

The Fund may engage in repurchase agreements. Repurchase agreements are fixed income securities in the form of agreements backed by collateral. These agreements typically involve the acquisition by the Fund of securities from the selling institution coupled with the agreement that the selling institution will repurchase the underlying securities at a specified price and at a fixed time in the future. The Fund may accept a wide variety of underlying securities as collateral for the repurchase agreements entered into by the Fund. Any such securities serving as collateral are marked-to-market daily in order to maintain full collateralization.

In connection with transactions in repurchase agreements, it is the Fund’s policy that its custodian take possession of the underlying collateral. The collateral is in the possession of the Fund’s custodian and is evaluated to ensure that its market value exceeds, at a minimum, 102% of the original face amount of the repurchase agreements.

The use of repurchase agreements involves certain risks. For example, if the selling institution defaults on its obligation to repurchase the underlying securities at a time when the value of securities has declined, the Fund may incur a loss upon disposition of them. In the event of an insolvency or bankruptcy by the selling institution, the Fund’s right to control the collateral could be affected and result in certain costs and delays. In addition, the Fund could incur a loss if the value of the underlying collateral falls below the agreed upon repurchase price.

At December 31, 2020, the repurchase agreements in the account were as follows:

Counterparty and Terms of Agreement	Face Value		Repurchase Price		Collateral	Par Value		Fair Value
J.P. Morgan Securities LLC					U.S. Treasury Note
0.06%					2.88%
01/04/21	$	45,000,000	$	45,000,300	4/30/2025	$	446,100	$	497,896
					U.S. Treasury Note
					2.13%
					5/15/2025		41,953,600		45,402,449
							42,399,700		45,900,345

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III, (collectively, the “Short Term Investment Vehicles”), each of which are open-end management investment companies managed by GI. The Short Term Investment Vehicles, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Short Term Investment Vehicles pay no investment management fees. The Short Term Investment Vehicles' annual report on Form N-CSR dated September 30, 2020, is available publicly or upon request. This information is available from the EDGAR database on the SEC's website at https://www.sec.gov/Archives/edgar/data/1601445/000182126820000133/gug81042-ncsr.htm.

Transactions during the period ended December 31, 2020, in which the company is an affiliated issuer, were as follows:

Security Name	Value 09/30/20		Additions		Reductions		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value 12/31/20		Shares 12/31/20		Investment Income
Mutual Funds
Guggenheim Strategy Fund II	$	29,379,083	$	174,400	$	–	$	–	$	(11,767	)	$	29,541,716		1,183,562	$	171,531
Guggenheim Strategy Fund III		29,499,318		150,135		–		–		35,379			29,684,832		1,182,663		146,725
Guggenheim Ultra Short Duration Fund — Institutional Class		28,983,105		85,038		–		–		89			29,068,232		2,912,649		83,500
	$	87,861,506	$	409,573	$	–	$	–	$	23,701		$	88,294,780			$	401,756

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 4.0%
Financial - 3.9%
Pershing Square Tontine Holdings, Ltd. — Class A*		6,864,930	$	190,295,859
Gores Holdings VI, Inc.*		1,497,010		15,868,306
Aequi Acquisition Corp.*		999,157		10,091,486
Total Financial				216,255,651
Utilities - 0.1%
TexGen Power LLC††		180,169		6,095,658
Consumer, Non-cyclical - 0.0%
ATD New Holdings, Inc.*,††		42,478		991,139
Chef Holdings, Inc.*,†††		9,061		766,413
Cengage Learning Holdings II, Inc.*,††		21,660		167,865
Targus Group International Equity, Inc.*,†††,1		12,773		26,194
Save-A-Lot*,†††		22,703		–
Total Consumer, Non-cyclical				1,951,611
Energy - 0.0%
Maverick Natural Resources, LLC*,†††		7,168		902,260
Summit Midstream Partners, LP*		7,062		88,204
Permian Production Partners LLC*,†††		563,442		–
Total Energy				990,464
Technology - 0.0%
Qlik Technologies, Inc. - Class A*,†††		177		227,120
Qlik Technologies, Inc. - Class B*,†††		43,738		–
Total Technology				227,120
Industrial - 0.0%
API Heat Transfer Parent LLC*,†††		1,024,936		79,544
BP Holdco LLC*,†††,1		37,539		13,236
Vector Phoenix Holdings, LP*,†††		37,539		3,644
Total Industrial				96,424
Total Common Stocks
(Cost $172,942,840)				225,616,928
PREFERRED STOCKS†† - 2.8%
Financial - 2.6%
Public Storage, 4.63%		966,000		26,217,240
Wells Fargo & Co., 4.70%		982,000		25,905,160
Bank of America Corp., 4.38%*		736,000		19,540,800
Prudential Financial, Inc., 4.13% due 09/01/60		686,800		18,186,464
Public Storage, 4.13%		365,600		9,918,728
First Republic Bank, 4.13%		369,600		9,772,224
CNO Financial Group, Inc., 5.13% due 11/25/60*		324,000		8,511,480
American Financial Group, Inc., 4.50% due 09/15/60		300,800		8,383,296
Assurant, Inc., 5.25% due 01/15/61*		258,000		7,058,880
W R Berkley Corp., 4.25% due 09/30/60		249,200		6,548,976
Selective Insurance Group, Inc., 4.60%*		246,000		6,356,640
Total Financial				146,399,888
Government - 0.2%
Farmer Mac, 5.75%		378,000		10,156,860
Industrial - 0.0%
API Heat Transfer Intermediate*,†††		218		111,460
Total Preferred Stocks
(Cost $146,724,412)				156,668,208
WARRANTS† - 0.1%
Pershing Square Tontine Holdings, Ltd.
$23.00, 07/24/25*		762,770		7,322,592
Total Warrants
(Cost $4,331,771)				7,322,592
EXCHANGE-TRADED FUNDS† - 0.6%
iShares iBoxx $ Investment Grade Corporate Bond ETF		251,415		34,727,954
Total Exchange-Traded Funds
(Cost $34,529,756)				34,727,954
MUTUAL FUNDS† - 0.8%
Guggenheim Alpha Opportunity Fund — Institutional Class1		1,003,137		25,429,535
Guggenheim Risk Managed Real Estate Fund — Institutional Class1		615,156		18,934,487
Total Mutual Funds
(Cost $45,910,793)				44,364,022
CLOSED-END FUNDS† - 1.5%
BlackRock Corporate High Yield Fund, Inc.		2,543,550		29,072,777
BlackRock Credit Allocation Income Trust		845,406		12,435,922
Blackstone Strategic Credit Fund		912,346		11,386,078
Guggenheim Strategic Opportunities Fund1		527,233		10,228,320
Eaton Vance Limited Duration Income Fund		687,996		8,620,590
Ares Dynamic Credit Allocation Fund, Inc.		457,045		6,531,173
BlackRock Debt Strategies Fund, Inc.		393,714		4,114,311
Western Asset High Income Opportunity Fund, Inc.		351,176		1,738,321
Total Closed-End Funds
(Cost $63,488,757)				84,127,492
MONEY MARKET FUNDS† - 2.6%
Federated Hermes U.S. Treasury Cash Reserves Fund — Institutional Shares, 0.01%3		144,720,879		144,720,879
Western Asset Institutional U.S. Treasury Reserves Institutional Shares, 0.01%3		1,063,470		1,063,470
Total Money Market Funds
(Cost $145,784,349)				145,784,349

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 40.0%
Financial - 10.0%
NFP Corp.
7.00% due 05/15/254		21,300,000	$	22,897,500
6.88% due 08/15/284		17,500,000		18,684,400
Markel Corp.
6.00%2,5		32,370,000		35,809,312
GLP Capital Limited Partnership / GLP Financing II, Inc.
4.00% due 01/15/31		22,640,000		24,705,221
5.30% due 01/15/29		6,950,000		8,040,802
Wilton RE Ltd.
6.00%†††,2,4,5		31,350,000		32,479,540
Charles Schwab Corp.
4.00%2,5		16,400,000		17,261,000
5.38%2,5		12,950,000		14,423,062
Iron Mountain, Inc.
5.63% due 07/15/324		25,025,000		27,590,062
4.50% due 02/15/314		2,025,000		2,121,188
Equitable Holdings, Inc.
4.95%2,5		24,550,000		26,115,062
Host Hotels & Resorts, LP
3.50% due 09/15/306		24,000,000		25,285,036
Nationwide Mutual Insurance Co.
4.35% due 04/30/504,6		21,150,000		24,845,373
American International Group, Inc.
4.38% due 06/30/506		18,150,000		23,765,032
Cushman & Wakefield US Borrower LLC
6.75% due 05/15/287		21,450,000		23,648,625
Quicken Loans LLC / Quicken Loans Company-Issuer, Inc.
3.88% due 03/01/314		21,650,000		22,461,875
Hampton Roads PPV LLC
6.62% due 06/15/534		16,900,000		19,779,817
Pershing Square Holdings Ltd.
3.25% due 11/15/304		15,100,000		15,259,758
First American Financial Corp.
4.00% due 05/15/306		11,760,000		13,480,148
United Shore Financial Services LLC
5.50% due 11/15/254		12,600,000		13,293,000
MetLife, Inc.
3.85%2,5		12,200,000		12,871,000
Fidelity National Financial, Inc.
3.40% due 06/15/306		11,450,000		12,574,071
OneAmerica Financial Partners, Inc.
4.25% due 10/15/504		11,550,000		12,466,465
Citigroup, Inc.
4.00%2,5		12,000,000		12,315,000
OneMain Finance Corp.
4.00% due 09/15/30		11,650,000		12,088,157
Ares Finance Company II LLC
3.25% due 06/15/304,6		11,000,000		11,644,850
Allianz SE
3.50%2,4,5		9,500,000		9,678,125
QBE Insurance Group Ltd.
5.88%2,4,5		7,550,000		8,248,375
Atlas Mara Ltd.
8.00% due 01/04/21†††		14,400,000		8,121,600
CIT Group, Inc.
3.93% due 06/19/245		7,150,000		7,561,125
PartnerRe Finance B LLC
4.50% due 10/01/505		6,460,000		6,767,836
Lincoln National Corp.
4.38% due 06/15/50		5,080,000		6,547,058
American Equity Investment Life Holding Co.
5.00% due 06/15/27		4,813,000		5,436,095
Bank of New York Mellon Corp.
4.70%2,5		4,500,000		4,962,600
Macquarie Bank Ltd.
3.62% due 06/03/304		4,350,000		4,762,225
Alliant Holdings Intermediate LLC / Alliant Holdings Company-Issuer
4.25% due 10/15/274		3,850,000		3,936,625
SBA Communications Corp.
3.88% due 02/15/274		3,650,000		3,833,595
AmWINS Group, Inc.
7.75% due 07/01/264		3,400,000		3,651,260
Univest Financial Corp.
3.76% (3 Month USD LIBOR + 3.54%) due 03/30/258		2,500,000		2,489,697
HUB International Ltd.
7.00% due 05/01/264		500,000		522,895
Total Financial				562,424,467
Consumer, Cyclical - 8.1%
Delta Air Lines, Inc.
7.00% due 05/01/254		41,320,000		47,706,103
Marriott International, Inc.
4.63% due 06/15/30		10,900,000		12,790,923
5.75% due 05/01/25		8,440,000		9,872,279
3.50% due 10/15/32		8,150,000		8,912,711
Live Nation Entertainment, Inc.
6.50% due 05/15/274		17,785,000		19,892,878
3.75% due 01/15/284		7,500,000		7,578,000
Delta Air Lines Inc. / SkyMiles IP Ltd.
4.75% due 10/20/284		24,150,000		26,360,023
Hilton Domestic Operating Company, Inc.
4.00% due 05/01/314		23,200,000		24,478,552
5.75% due 05/01/284		400,000		435,000
Walgreens Boots Alliance, Inc.
3.20% due 04/15/306		12,750,000		13,850,400
4.10% due 04/15/50		9,957,000		10,539,298
1011778 BC ULC / New Red Finance, Inc.
4.00% due 10/15/304		22,200,000		22,498,146
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.
6.50% due 06/20/274,6		19,700,000		21,177,500
Hyatt Hotels Corp.
5.38% due 04/23/25		7,350,000		8,306,360
5.75% due 04/23/306		6,530,000		8,027,257

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 40.0% (continued)
Consumer, Cyclical - 8.1% (continued)
Picasso Finance Sub, Inc.
6.13% due 06/15/254		14,974,000	$	16,022,180
Wolverine World Wide, Inc.
6.38% due 05/15/254		13,975,000		14,883,375
VF Corp.
2.95% due 04/23/30		13,230,000		14,638,376
Aramark Services, Inc.
6.38% due 05/01/254		11,950,000		12,771,563
5.00% due 02/01/284		795,000		837,731
JB Poindexter & Company, Inc.
7.13% due 04/15/264		11,725,000		12,399,187
JetBlue Class A Pass Through Trust
4.00% due 11/15/326		11,320,000		12,218,272
Choice Hotels International, Inc.
3.70% due 01/15/31		10,540,000		11,673,261
Six Flags Theme Parks, Inc.
7.00% due 07/01/254		10,475,000		11,313,000
Wyndham Hotels & Resorts, Inc.
4.38% due 08/15/284		10,700,000		11,117,835
Cedar Fair, LP / Canada's Wonderland Co. / Magnum Management Corp. / Millennium Operations LLC
5.50% due 05/01/254		10,213,000		10,647,052
Boyne USA, Inc.
7.25% due 05/01/254		8,690,000		9,113,638
British Airways Class A Pass Through Trust
4.25% due 11/15/324		7,880,000		8,421,750
Clarios Global, LP
6.75% due 05/15/254		7,150,000		7,704,125
Williams Scotsman International, Inc.
4.63% due 08/15/284		7,376,000		7,634,160
Whirlpool Corp.
4.60% due 05/15/50		5,440,000		7,039,006
WMG Acquisition Corp.
3.88% due 07/15/304		3,900,000		4,144,803
3.00% due 02/15/314		1,875,000		1,837,500
Suburban Propane Partners Limited Partnership/Suburban Energy Finance Corp.
5.50% due 06/01/24		5,010,000		5,116,463
Powdr Corp.
6.00% due 08/01/254		4,300,000		4,525,750
Hanesbrands, Inc.
5.38% due 05/15/254		3,810,000		4,031,056
Air Canada 2020-2 Class A Pass Through Trust
5.25% due 04/01/294		3,735,000		3,990,846
CD&R Smokey Buyer, Inc.
6.75% due 07/15/254		3,725,000		3,981,094
Lithia Motors, Inc.
4.38% due 01/15/314		3,175,000		3,405,187
Performance Food Group, Inc.
6.88% due 05/01/254		2,900,000		3,103,000
Allison Transmission, Inc.
3.75% due 01/30/314		2,800,000		2,864,750
Boyd Gaming Corp.
8.63% due 06/01/254		1,700,000		1,890,723
Clarios Global Limited Partnership / Clarios US Finance Co.
8.50% due 05/15/274		1,730,000		1,879,488
Vail Resorts, Inc.
6.25% due 05/15/254		1,075,000		1,147,563
Total Consumer, Cyclical				452,778,164
Consumer, Non-cyclical - 5.3%
Kraft Heinz Foods Co.
4.38% due 06/01/46		6,320,000		6,837,892
5.20% due 07/15/45		5,725,000		6,807,337
4.25% due 03/01/314		5,850,000		6,523,087
5.50% due 06/01/504		4,825,000		6,078,306
5.00% due 06/04/42		2,490,000		2,921,451
DaVita, Inc.
4.63% due 06/01/304		24,560,000		26,064,300
Nielsen Finance LLC / Nielsen Finance Co.
5.63% due 10/01/284		20,700,000		22,491,585
5.00% due 04/15/224		959,000		961,522
Kronos Acquisition Holdings Incorporated / KIK Custom Products Inc
7.00% due 12/31/274		10,350,000		10,836,657
5.00% due 12/31/264		5,500,000		5,737,655
Gartner, Inc.
4.50% due 07/01/284		11,625,000		12,264,375
3.75% due 10/01/304		2,400,000		2,529,024
US Foods, Inc.
6.25% due 04/15/254		13,300,000		14,214,375
Molina Healthcare, Inc.
3.88% due 11/15/304		12,250,000		13,138,125
Sotheby's
7.38% due 10/15/274		11,780,000		12,619,325
Acadia Healthcare Company, Inc.
5.50% due 07/01/284		5,850,000		6,283,192
5.00% due 04/15/294		4,190,000		4,472,825
5.63% due 02/15/23		1,840,000		1,844,600
Sabre GLBL, Inc.
7.38% due 09/01/254		7,300,000		7,920,500
5.25% due 11/15/234		2,500,000		2,531,250
9.25% due 04/15/254		1,680,000		1,999,200
AMN Healthcare, Inc.
4.63% due 10/01/274		7,925,000		8,301,992
4.00% due 04/15/294		4,050,000		4,141,125
Post Holdings, Inc.
4.63% due 04/15/304		11,525,000		12,123,839
Avantor Funding, Inc.
4.63% due 07/15/284		11,275,000		11,923,313
Jaguar Holding Company II / PPD Development, LP
4.63% due 06/15/254		8,645,000		9,117,103
5.00% due 06/15/284		2,460,000		2,626,050

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
CORPORATE BONDS†† - 40.0% (continued)
Consumer, Non-cyclical - 5.3% (continued)
Tenet Healthcare Corp.
4.63% due 06/15/284		8,375,000		$	8,772,813
Cheplapharm Arzneimittel GmbH
5.50% due 01/15/284		7,710,000			8,056,950
TreeHouse Foods, Inc.
4.00% due 09/01/28		7,575,000			7,835,391
Smithfield Foods, Inc.
3.00% due 10/15/304		7,000,000			7,406,537
Spectrum Brands, Inc.
5.50% due 07/15/304		5,600,000			6,034,000
Service Corporation International
3.38% due 08/15/30		5,275,000			5,487,108
Vector Group Ltd.
6.13% due 02/01/254		4,715,000			4,794,070
Prime Security Services Borrower LLC / Prime Finance, Inc.
3.38% due 08/31/274		2,650,000			2,630,125
5.25% due 04/15/244		1,900,000			2,028,250
Hologic, Inc.
3.25% due 02/15/294		4,350,000			4,426,125
Carriage Services, Inc.
6.63% due 06/01/264		4,011,000			4,286,756
Central Garden & Pet Co.
4.13% due 10/15/30		4,000,000			4,170,000
Altria Group, Inc.
4.45% due 05/06/50		1,670,000			1,974,323
KeHE Distributors LLC / KeHE Finance Corp.
8.63% due 10/15/264		1,580,000			1,773,550
Syneos Health, Inc.
3.63% due 01/15/294		1,600,000			1,604,424
WEX, Inc.
4.75% due 02/01/234		1,110,000			1,111,388
Par Pharmaceutical, Inc.
7.50% due 04/01/274		1,000,000			1,085,000
FAGE International S.A. / FAGE USA Dairy Industry, Inc.
5.63% due 08/15/264		300,000			307,500
Total Consumer, Non-cyclical					297,094,315
Industrial - 4.7%
Boeing Co.
5.15% due 05/01/306		32,030,000			38,764,355
5.81% due 05/01/506		16,010,000			22,064,102
5.71% due 05/01/406		16,010,000			20,776,508
Standard Industries, Inc.
4.38% due 07/15/304		7,125,000			7,621,826
3.38% due 01/15/314		6,400,000			6,432,000
5.00% due 02/15/274		3,525,000			3,683,625
Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.
4.13% due 08/15/264		16,680,000			17,430,600
BWX Technologies, Inc.
4.13% due 06/30/284		14,400,000			14,994,000
PowerTeam Services LLC
9.03% due 12/04/254		12,060,000			13,418,077
Adevinta ASA
3.00% due 11/15/27		EUR	10,550,000		13,317,313
New Enterprise Stone & Lime Company, Inc.
9.75% due 07/15/284		10,175,000			11,141,625
6.25% due 03/15/264		700,000			717,500
Boxer Parent Co., Inc.
6.50% due 10/02/25		EUR	8,500,000		10,965,249
Flowserve Corp.
3.50% due 10/01/306		10,270,000			10,962,594
Howmet Aerospace, Inc.
5.95% due 02/01/37		2,925,000			3,524,625
6.88% due 05/01/25		2,875,000			3,363,750
5.90% due 02/01/27		2,100,000			2,479,323
6.75% due 01/15/28		900,000			1,100,556
GrafTech Finance, Inc.
4.63% due 12/15/284		9,875,000			9,986,094
Reynolds Group Issuer Incorporated / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu
4.00% due 10/15/274		9,650,000			9,891,250
Vertical US Newco, Inc.
5.25% due 07/15/274		6,850,000			7,261,000
Mauser Packaging Solutions Holding Co.
8.50% due 04/15/244		6,550,000			6,779,250
Summit Materials LLC / Summit Materials Finance Corp.
5.25% due 01/15/294		4,825,000			5,066,250
Harsco Corp.
5.75% due 07/31/274		3,850,000			4,071,375
Graphic Packaging International LLC
3.50% due 03/01/294		3,950,000			4,038,875
Grinding Media Inc. / MC Grinding Media Canada Inc.
7.38% due 12/15/234		3,050,000			3,095,750
Hillenbrand, Inc.
5.75% due 06/15/25		2,525,000			2,727,000
Crown Americas LLC / Crown Americas Capital Corporation VI
4.75% due 02/01/26		1,923,000			1,995,112
EnerSys
5.00% due 04/30/234		1,325,000			1,386,281
Princess Juliana International Airport Operating Company N.V.
5.50% due 12/20/277		1,221,518			1,104,203
EnPro Industries, Inc.
5.75% due 10/15/26		790,000			839,375
Waste Pro USA, Inc.
5.50% due 02/15/264		400,000			409,000
Hillman Group, Inc.
6.38% due 07/15/224		340,000			337,450

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 40.0% (continued)
Industrial - 4.7% (continued)
JELD-WEN, Inc.
6.25% due 05/15/254		100,000	$	108,000
Yamana Gold, Inc.
4.78% due 06/10/23†††		99,699		106,647
Total Industrial				261,960,540
Communications - 4.7%
CSC Holdings LLC
4.13% due 12/01/304		21,250,000		22,219,000
4.63% due 12/01/304		8,270,000		8,631,813
3.38% due 02/15/314		2,975,000		2,919,219
Level 3 Financing, Inc.
4.25% due 07/01/284		29,350,000		30,157,125
3.88% due 11/15/294		2,600,000		2,887,352
Virgin Media Finance plc
5.00% due 07/15/304		21,150,000		21,943,125
CCO Holdings LLC / CCO Holdings Capital Corp.
4.25% due 02/01/314		20,000,000		21,077,200
Altice France S.A.
7.38% due 05/01/264		11,076,000		11,657,490
5.13% due 01/15/294		6,250,000		6,468,750
Booking Holdings, Inc.
3.55% due 03/15/28		10,000,000		11,517,835
4.63% due 04/13/30		3,500,000		4,349,027
ViacomCBS, Inc.
4.95% due 05/19/506		10,340,000		13,393,613
Cable One, Inc.
4.00% due 11/15/304		12,575,000		13,062,281
Radiate Holdco LLC / Radiate Finance, Inc.
4.50% due 09/15/264		12,100,000		12,478,125
Switch Ltd.
3.75% due 09/15/284		12,100,000		12,281,500
Sirius XM Radio, Inc.
4.13% due 07/01/304		11,500,000		12,240,313
Lamar Media Corp.
4.00% due 02/15/30		8,600,000		8,922,500
4.88% due 01/15/29		3,070,000		3,261,875
Virgin Media Secured Finance plc
4.50% due 08/15/304		10,150,000		10,606,750
Match Group Holdings II LLC
4.63% due 06/01/284		7,700,000		8,070,562
QualityTech Limited Partnership / QTS Finance Corp.
3.88% due 10/01/284		7,750,000		7,905,000
Virgin Media Vendor Financing Notes IV DAC
5.00% due 07/15/284		5,650,000		5,876,000
Cengage Learning, Inc.
9.50% due 06/15/244		5,039,000		4,711,465
McGraw-Hill Global Education Holdings LLC / McGraw-Hill Global Education Finance
7.88% due 05/15/244		2,288,000		2,082,080
TripAdvisor, Inc.
7.00% due 07/15/254		1,800,000		1,944,000
Telenet Finance Lux Note
5.50% due 03/01/28		1,000,000		1,066,500
Total Communications				261,730,500
Basic Materials - 2.4%
United States Steel Corp.
12.00% due 06/01/254		21,540,000		24,878,700
Alcoa Nederland Holding BV
5.50% due 12/15/274		15,125,000		16,550,834
6.13% due 05/15/284		7,450,000		8,139,125
WR Grace & Company-Conn
4.88% due 06/15/274		13,225,000		14,025,377
Carpenter Technology Corp.
6.38% due 07/15/28		12,005,000		13,248,044
Minerals Technologies, Inc.
5.00% due 07/01/284		11,575,000		12,112,080
Ingevity Corp.
3.88% due 11/01/284		9,625,000		9,697,187
Newcrest Finance Pty Ltd.
4.20% due 05/13/504		7,210,000		8,813,027
HB Fuller Co.
4.25% due 10/15/28		7,750,000		7,943,750
Kaiser Aluminum Corp.
6.50% due 05/01/254		6,050,000		6,473,500
4.63% due 03/01/284		375,000		389,063
Clearwater Paper Corp.
4.75% due 08/15/284		6,575,000		6,805,125
Illuminate Buyer LLC / Illuminate Holdings IV, Inc.
9.00% due 07/01/284		2,925,000		3,217,500
ArcelorMittal S.A.
4.55% due 03/11/26		2,450,000		2,752,687
Arconic Corp.
6.00% due 05/15/254		2,225,000		2,375,187
Mirabela Nickel Ltd.
due 06/24/197,9		1,885,418		94,271
Total Basic Materials				137,515,457
Energy - 1.8%
BP Capital Markets plc
4.88%2,5		39,360,000		43,913,952
Sabine Pass Liquefaction LLC
4.50% due 05/15/304,6		16,150,000		19,142,232
NuStar Logistics, LP
6.38% due 10/01/30		12,350,000		13,990,080
Midwest Connector Capital Company LLC
4.63% due 04/01/294		11,943,000		12,519,315
Rattler Midstream, LP
5.63% due 07/15/254		4,125,000		4,357,031
Global Partners Limited Partnership / GLP Finance Corp.
6.88% due 01/15/294		3,900,000		4,221,750
Baker Hughes a GE Company LLC / Baker Hughes Co-Obligor, Inc.
4.49% due 05/01/30		1,730,000		2,078,872

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
CORPORATE BONDS†† - 40.0% (continued)
Energy - 1.8% (continued)
Basic Energy Services, Inc.
10.75% due 10/15/237		1,500,000		$	270,000
Total Energy					100,493,232
Technology - 1.6%
NCR Corp.
5.25% due 10/01/304		11,425,000			12,253,313
8.13% due 04/15/254		6,189,000			6,892,318
MSCI, Inc.
3.88% due 02/15/314		15,900,000			16,814,250
Qorvo, Inc.
4.38% due 10/15/29		11,220,000			12,344,468
3.38% due 04/01/314		1,900,000			1,961,750
Black Knight InfoServ LLC
3.63% due 09/01/284		12,000,000			12,285,000
Booz Allen Hamilton, Inc.
3.88% due 09/01/284		11,800,000			12,154,000
BY Crown Parent LLC / BY Bond Finance, Inc.
4.25% due 01/31/264		7,775,000			7,969,375
CDW LLC / CDW Finance Corp.
3.25% due 02/15/29		5,640,000			5,751,108
Change Healthcare Holdings LLC / Change Healthcare Finance, Inc.
5.75% due 03/01/254		2,750,000			2,805,000
Total Technology					91,230,582
Utilities - 1.4%
Midcap Funding XLVI Trust
5.65% due 10/29/24†††		32,750,000			32,754,566
Cheniere Corpus Christi Holdings LLC
3.52% due 12/31/39†††		21,800,000			21,611,975
AES Corp.
3.95% due 07/15/304		9,760,000			11,032,802
Pattern Energy Operations Limited Partnership / Pattern Energy Operations, Inc.
4.50% due 08/15/284		5,500,000			5,802,500
Terraform Global Operating LLC
6.13% due 03/01/264		5,385,000			5,506,162
Clearway Energy Operating LLC
4.75% due 03/15/284		2,250,000			2,413,125
Total Utilities					79,121,130
Total Corporate Bonds
(Cost $2,089,845,601)					2,244,348,387
SENIOR FLOATING RATE INTERESTS††,8 - 21.6%
Industrial - 4.9%
CapStone Acquisition Holdings, Inc.
5.75% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.75%) due 11/12/27		21,242,400			21,384,087
Mileage Plus Holdings LLC
6.25% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 06/21/27		15,250,000			15,850,545
American Bath Group LLC
5.25% (3 Month USD LIBOR + 4.50%, Rate Floor: 5.25%) due 11/23/27		15,400,000			15,419,251
Vertical (TK Elevator)
4.25% (3 Month EURIBOR + 4.25%, Rate Floor: 4.25%) due 07/30/27		EUR	7,000,000		8,598,179
4.57% (3 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 07/30/27		6,533,625			6,555,774
Fugue Finance BV
3.25% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 08/30/24		EUR	12,545,690		15,105,415
TransDigm, Inc.
2.40% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 05/30/25		14,259,187			13,956,179
AI Convoy Luxembourg SARL
3.75% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 01/18/27		EUR	11,402,143		13,896,013
Charter Nex US Holdings, Inc.
5.00% (1 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 12/01/27		13,150,000			13,202,600
DXP Enterprises, Inc.
5.75% (1 Month USD LIBOR + 4.75%, Rate Floor: 5.75%) due 12/16/27		13,250,000			13,150,625
Galileo Global Education Finance SARL
3.25% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 11/06/26		EUR	10,800,000		13,104,897
NA Rail Hold Co LLC (Patriot)
5.50% (3 Month USD LIBOR + 5.25%, Rate Floor: 5.25%) due 10/19/26		12,935,014			12,951,183
Pelican Products, Inc.
4.50% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 05/01/25		12,691,054			12,416,038
Gardner Denver, Inc.
2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 03/01/27		10,795,750			10,784,954
Filtration Group Corp.
4.50% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 03/31/25		5,667,771			5,667,771
due 03/31/25		EUR	3,600,000		4,372,698
Service Logic Acquisition, Inc.
4.75% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 10/29/27		9,771,940			9,759,725

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
SENIOR FLOATING RATE INTERESTS††,8 - 21.6% (continued)
Industrial - 4.9% (continued)
YAK MAT (YAK ACCESS LLC)
10.24% (3 Month USD LIBOR + 10.00%, Rate Floor: 10.00%) due 07/10/26		10,290,199		$	7,203,139
Berlin Packaging LLC
3.26% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 11/07/25		4,497,578			4,418,331
3.16% (1 Month USD LIBOR + 3.00% and 3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 11/07/25		1,634,759			1,605,954
Diversitech Holdings, Inc.
4.00% (3 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 06/03/24		4,149,450			4,104,511
8.50% (3 Month USD LIBOR + 7.50%, Rate Floor: 8.50%) due 06/02/25†††		1,000,000			987,500
BWAY Holding Co.
3.48% (3 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 04/03/24		4,862,722			4,686,449
JetBlue Airways Corp.
6.25% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 06/17/24		4,553,250			4,673,501
MI Windows And Doors LLC
4.50% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 12/18/27		4,000,000			4,005,000
STS Operating, Inc. (SunSource)
5.25% (1 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 12/11/24		3,857,527			3,675,915
Pro Mach Group, Inc.
4.50% (1 Month USD LIBOR + 3.50% and 3 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 03/07/25		3,521,077			3,468,261
Delta Air Lines, Inc.
5.75% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.75%) due 05/01/23		2,985,000			3,027,118
Alliance Laundry Systems LLC
4.25% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 10/08/27		3,000,000			2,996,250
Titan Acquisition Ltd. (Husky)
3.27% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/28/25		2,995,738			2,915,063
DG Investment Intermediate Holdings 2, Inc.
3.75% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.75%) due 02/03/25		2,740,759			2,706,500
Fortis Solutions Group LLC
6.00% (1 Month USD LIBOR + 5.00%, Rate Floor: 6.00%) due 12/15/23†††		2,361,526			2,359,164
Douglas Dynamics LLC
4.75% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 06/08/26		1,599,136			1,607,132
Tosca Services LLC
5.25% (1 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 08/18/27		1,600,000			1,604,672
Bhi Investments LLC
5.50% (3 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 08/28/24		1,604,191			1,586,144
SLR Consulting Ltd.
4.27% (6 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 06/23/25†††		1,190,970			1,161,534
6.48% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 06/23/25†††		311,616			303,914
4.24% (6 Month USD LIBOR + 4.00% and 6 Month GBP LIBOR + 4.00%, Rate Floor: 4.00%) due 06/23/25†††		GBP	58,680		78,265
LTI Holdings, Inc.
3.65% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 09/06/25		1,466,250			1,421,222
Klockner Pentaplast of America, Inc.
4.75% (3 Month EURIBOR + 4.75%, Rate Floor: 4.75%) due 06/30/22		EUR	1,100,000		1,330,000
API Heat Transfer
12.00% (3 Month USD LIBOR, Rate Floor: 1.00%) (in-kind rate was 11.00%) due 01/01/24†††,10		1,076,191			960,501
12.00% (3 Month USD LIBOR, Rate Floor: 1.00%) (in-kind rate was 11.00%) due 10/02/23†††,10		192,004			174,724
Safety Bidco Ltd.
4.65% (1 Month GBP LIBOR + 4.50%, Rate Floor: 4.50%) due 10/25/24†††		GBP	850,000		1,132,804
ILPEA Parent, Inc.
5.75% (1 Month USD LIBOR + 4.75%, Rate Floor: 5.75%) due 03/02/23†††		955,062			939,542

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
SENIOR FLOATING RATE INTERESTS††,8 - 21.6% (continued)
Industrial - 4.9% (continued)
Duran Group Holding GMBH
4.25% (6 Month EURIBOR + 4.25%, Rate Floor: 4.25%) due 03/29/24†††		EUR	431,184	$	508,111
4.25% (6 Month EURIBOR + 4.25%, Rate Floor: 4.25%) due 12/20/24†††		EUR	141,858		167,167
Reynolds Group Holdings, Inc.
2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 02/06/23		660,894			657,589
Hillman Group, Inc.
4.15% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 05/30/25		599,244			595,967
Transcendia Holdings, Inc.
4.50% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 05/30/24		570,122			465,602
Gates Global LLC
3.75% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.75%) due 04/01/24		122,225			121,784
Total Industrial					273,825,264
Consumer, Non-cyclical - 4.4%
US Foods, Inc.
4.25% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.25%) due 04/24/25†††		29,192,188			28,608,344
WellSky Corp.
due 02/09/24†††		12,500,000			12,468,750
due 02/09/25†††		12,450,000			12,201,000
Bombardier Recreational Products, Inc.
6.00% (3 Month USD LIBOR + 5.00%, Rate Floor: 6.00%) due 05/24/27		20,997,375			21,375,328
Diamond (BC) BV
6.00% (3 Month USD LIBOR + 5.00%, Rate Floor: 6.00%) due 09/06/24†††		10,014,900			9,989,863
3.21% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 09/06/24		6,698,063			6,592,032
3.25% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 09/06/24		EUR	397,949		479,566
Packaging Coordinators Midco, Inc.
4.50% (6 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 11/30/27		17,050,000			17,050,000
Nidda Healthcare Holding GmbH
3.50% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 08/21/26		EUR	11,387,239		13,771,964
Sigma Holding BV (Flora Food)
3.50% (1 Month EURIBOR + 3.50% and 6 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 07/02/25		EUR	11,219,549		13,458,661
Quirch Foods Holdings LLC
6.25% (3 Month USD LIBOR + 5.25% and 6 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 10/27/27		12,250,000			12,158,125
Sunshine Investments BV
3.25% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 03/28/25		EUR	9,450,000		11,447,040
Kronos Acquisition Holdings, Inc.
5.25% (3 Month USD LIBOR + 4.50%, Rate Floor: 5.25%) due 12/22/26		11,100,000			11,086,125
HAH Group Holding Co LLC
6.00% (3 Month USD LIBOR + 5.00%, Rate Floor: 6.00%) due 10/29/27		10,970,000			10,874,013
Southern Veterinary Partners LLC
5.00% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 10/05/27†††		10,721,212			10,667,606
Cambrex Corp.
5.50% (1 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 12/04/26		10,479,312			10,557,907
Springs Window Fashions
8.65% (1 Month USD LIBOR + 8.50%, Rate Floor: 8.50%) due 06/15/26		5,500,000			5,235,340
4.40% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 06/16/25		3,146,005			3,115,867
Zep, Inc.
5.00% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 08/12/24		7,420,762			7,220,401
AI Aqua Zip Bidco Pty Ltd.
4.25% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.25%) due 12/13/23		6,154,117			6,105,541
6.25% (1 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 12/13/23†††		350,031			350,031

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
SENIOR FLOATING RATE INTERESTS††,8 - 21.6% (continued)
Consumer, Non-cyclical - 4.4% (continued)
Hearthside Group Holdings LLC
3.83% (1 Month USD LIBOR + 3.69%, Rate Floor: 3.69%) due 05/23/25		5,414,181		$	5,312,665
4.15% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 05/23/25		1,116,456			1,098,659
Civitas Solutions, Inc.
4.43% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 03/09/26		3,111,520			3,104,395
4.51% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 03/09/26		141,702			141,378
BCPE Eagle Buyer LLC
5.25% (1 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 03/18/24		2,797,054			2,718,960
National Mentor Holdings, Inc.
due 03/09/26		2,316,100			2,310,796
Certara, Inc.
3.75% (3 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 08/15/24†††		1,632,713			1,628,631
CTI Foods Holding Co. LLC
8.00% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) (in-kind rate was 3.00%) due 05/03/24†††,10		765,447			719,520
10.00% (3 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) (in-kind rate was 6.00%) due 05/03/24†††,10		384,905			350,264
EyeCare Partners LLC
3.90% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 02/18/27		1,093,311			1,062,840
Recess Holdings, Inc.
4.75% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 09/30/24		1,073,995			1,014,925
Moran Foods LLC
11.75% (3 Month USD LIBOR, Rate Floor: 1.00%) (in-kind rate was 10.75%) due 10/01/24†††,10		471,048			409,812
8.00% (3 Month USD LIBOR, Rate Floor: 1.00%) (in-kind rate was 7.00%) due 04/01/2410		387,702			386,248
Blue Ribbon LLC
5.00% (1 Month USD LIBOR + 4.00% and 3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 11/15/21		550,000			517,000
Total Consumer, Non-cyclical					245,589,597
Consumer, Cyclical - 3.7%
Mavis Tire Express Services Corp.
5.00% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 03/20/25		15,798,000			15,837,495
3.50% (3 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 03/20/25		7,484,803			7,338,850
Samsonite IP Holdings SARL
5.50% (1 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 04/25/25		20,845,250			20,702,043
BGIS (BIFM CA Buyer, Inc.)
3.65% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 06/01/26		18,177,264			18,109,099
Alterra Mountain Co.
5.50% (1 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 07/31/26		17,527,769			17,593,498
CHG Healthcare Services, Inc.
4.00% (3 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 06/07/23		15,556,106			15,441,924
BCPE Empire Holdings, Inc.
5.00% (1 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 06/11/26		13,450,000			13,374,411
Packers Sanitation Services, Inc.
4.75% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 12/04/24		8,100,000			8,094,978
4.00% (1 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 12/04/24		5,300,136			5,273,636
CNT Holdings I Corp.
4.50% (6 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 11/08/27		12,200,000			12,179,016
Cast & Crew Payroll LLC
3.90% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 02/09/26		10,963,208			10,665,118
Verisure Holding AB
4.00% (6 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 07/20/26		EUR	7,421,053		9,088,976

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
SENIOR FLOATING RATE INTERESTS††,8 – 21.6% (continued)
Consumer, Cyclical - 3.7% (continued)
Accuride Corp.
6.25% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 11/17/23		7,750,888		$	6,956,422
CPI Acquisition, Inc.
5.50% (3 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 08/17/22		5,602,372			5,109,812
ScribeAmerica Intermediate Holdco LLC (Healthchannels)
4.65% (1 Month USD LIBOR + 4.50%, Rate Floor: 4.50%) due 04/03/25		4,933,224			4,698,896
Galls LLC
7.75% (3 Month USD LIBOR + 6.25%, Rate Floor: 7.25%) due 01/31/25†††		3,680,527			3,642,944
7.69% (3 Month USD LIBOR + 6.25%, Rate Floor: 7.25%) due 01/31/24†††		323,760			302,100
Alexander Mann
5.34% (6 Month GBP LIBOR + 5.25%, Rate Floor: 5.25%) due 06/16/25		GBP	3,000,000		3,725,763
EnTrans International, LLC
6.15% (1 Month USD LIBOR + 6.00%, Rate Floor: 6.00%) due 11/01/24		3,884,332			3,709,537
Intrawest Resorts Holdings, Inc.
2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 07/31/24		3,758,099			3,700,149
SHO Holding I Corp.
6.25% (3 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) (in-kind rate was 2.25%) due 04/29/24†††,10		3,661,946			3,149,274
6.23% (3 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) (in-kind rate was 2.23%) due 04/29/24†††,10		39,784			34,214
Adevinta ASA
due 10/22/27		EUR	2,600,000		3,179,123
Checkers Drive-In Restaurants, Inc.
5.25% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 04/25/24		3,330,701			2,704,130
WESCO
5.25% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 06/14/24†††		2,340,000			2,333,309
Eyemart Express
4.00% (1 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 08/05/24		2,299,562			2,282,315
Blue Nile, Inc.
7.50% (3 Month USD LIBOR + 6.50%, Rate Floor: 7.50%) due 02/17/23		2,887,500			2,064,562
Zephyr Bidco Ltd.
7.52% (1 Month GBP LIBOR + 7.50%, Rate Floor: 7.50%) due 07/23/26		GBP	1,540,417		2,029,593
SP PF Buyer LLC
4.65% (1 Month USD LIBOR + 4.50%, Rate Floor: 4.50%) due 12/22/25		1,651,595			1,587,298
EG Finco Ltd.
4.78% (3 Month GBP LIBOR + 4.75%, Rate Floor: 4.75%) due 02/07/25		GBP	975,000		1,294,849
Belk, Inc.
7.75% (3 Month USD LIBOR + 6.75%, Rate Floor: 7.75%) due 07/31/25		2,630,022			917,694
K & N Parent, Inc.
5.75% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.75%) due 10/20/23		956,514			862,230
Apro LLC
5.00% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 11/14/26		695,737			694,867
Navistar Inc.
3.66% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 11/06/24		496,173			495,057
American Tire Distributors, Inc.
7.00% (3 Month USD LIBOR + 6.00%, Rate Floor: 7.00%) due 09/01/23		249,634			241,146
8.50% (1 Month USD LIBOR + 7.50% and 3 Month USD LIBOR + 7.50%, Rate Floor: 8.50%) due 09/02/24		163,109			155,035
BBB Industries, LLC
4.65% (1 Month USD LIBOR + 4.50%, Rate Floor: 4.50%) due 08/01/25		266,791			257,454
Total Consumer, Cyclical					209,826,817
Technology - 2.9%
Planview Parent, Inc.
4.75% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 12/10/27		10,980,000			10,952,550
due 12/10/27		9,950,000			9,850,500
Transact Holdings, Inc.
4.90% (1 Month USD LIBOR + 4.75%, Rate Floor: 4.75%) due 04/30/26		14,802,799			14,284,701

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
SENIOR FLOATING RATE INTERESTS††,8 – 21.6% (continued)
Technology - 2.9% (continued)
Provation Software Group, Inc.
5.50% (6 Month USD LIBOR + 4.75%, Rate Floor: 5.50%) due 12/16/27		13,700,000		$	13,494,500
Sportradar Capital SARL
4.25% (3 Month EURIBOR + 4.25%, Rate Floor: 4.25%) due 11/22/27		EUR	10,600,000		12,930,472
Valkyr Purchaser, LLC
4.75% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 11/05/27		12,500,000			12,343,750
Project Boost Purchaser LLC
5.00% (1 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 06/01/26		9,675,750			9,655,624
Ascend Learning LLC
4.75% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 07/12/24		9,625,875			9,641,950
Datix Bidco Ltd.
4.74% (6 Month USD LIBOR + 4.50%, Rate Floor: 4.50%) due 04/28/25†††		9,112,505			9,056,590
7.99% (6 Month USD LIBOR + 7.75%, Rate Floor: 7.75%) due 04/27/26†††		461,709			458,400
E2open LLC
4.00% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 10/29/27		8,000,000			7,975,040
Imprivata, Inc.
4.25% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.25%) due 12/01/27		7,900,000			7,900,000
Wrench Group LLC
5.50% (3 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 04/30/26†††		6,750,000			6,733,125
Sabre GLBL, Inc.
due 12/10/27		5,550,000			5,556,938
Epicor Software
5.25% (1 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 07/30/27		5,436,375			5,462,415
AVS Group GmbH
due 07/17/26		EUR	3,750,000		4,544,309
1A Smart Start LLC
5.75% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.75%) due 08/19/27		4,289,250			4,291,052
Greenway Health LLC
4.75% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 02/16/24		3,509,320			3,228,574
Ministry Brands LLC
5.00% (2 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 12/02/22†††		2,645,325			2,473,379
Aspect Software, Inc.
6.00% (3 Month USD LIBOR + 5.00%, Rate Floor: 6.00%) due 01/15/24		2,060,003			1,981,043
Boxer Parent Co., Inc.
4.40% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 10/02/25		1,787,337			1,777,882
Misys Ltd.
4.50% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 06/13/24		1,710,544			1,673,665
Neustar, Inc.
4.50% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 08/08/24		1,516,218			1,466,001
Kar Finland Bidco Oy
4.50% (6 Month EURIBOR + 4.50%, Rate Floor: 4.50%) due 11/27/23†††		EUR	1,000,000		1,200,513
Cologix Holdings, Inc.
4.75% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 03/20/24		1,200,000			1,186,932
24-7 Intouch, Inc.
4.90% (1 Month USD LIBOR + 4.75%, Rate Floor: 4.75%) due 08/25/25		1,153,253			1,086,941
EIG Investors Corp.
4.75% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 02/09/23		840,167			839,117
Brave Parent Holdings, Inc.
4.15% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 04/18/25		322,519			320,503
Evergood 4 ApS (Nets)
3.25% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 02/06/25		EUR	225,000		274,327
Total Technology					162,640,793
Communications - 1.9%
Syndigo LLC
5.25% (6 Month USD LIBOR + 4.50%, Rate Floor: 5.25%) due 12/10/27		27,550,000			27,343,375
Xplornet Communications Inc.
4.90% (1 Month USD LIBOR + 4.75%, Rate Floor: 4.75%) due 06/10/27		21,915,075			21,920,554

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
SENIOR FLOATING RATE INTERESTS††,8 - 21.6% (continued)
Communications - 1.9% (continued)
Trader Interactive
7.25% (3 Month USD LIBOR + 6.25%, Rate Floor: 7.25%) due 06/17/24†††		10,734,261		$	10,276,427
7.25% (1 Month USD LIBOR + 6.25%, Rate Floor: 7.25%) due 06/15/23†††		138,462			129,968
Liberty Cablevision of Puerto Rico LLC
5.16% (1 Month USD LIBOR + 5.00%, Rate Floor: 5.00%) due 10/15/26		9,550,000			9,575,880
McGraw-Hill Global Education Holdings LLC
5.00% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 05/04/22		9,329,337			9,073,807
Cengage Learning Acquisitions, Inc.
5.25% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 06/07/23		8,019,529			7,674,128
Zayo Group Holdings, Inc.
3.15% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/09/27		6,146,447			6,100,349
Recorded Books, Inc.
4.40% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 08/29/25		2,943,341			2,922,502
4.75% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.75%) due 08/29/25		1,200,000			1,200,000
Market Track LLC
5.25% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 06/05/24		4,111,875			3,803,484
Resource Label Group LLC
5.50% (3 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 05/26/23		1,906,925			1,773,440
9.50% (3 Month USD LIBOR + 8.50%, Rate Floor: 9.50%) due 11/26/23†††		1,500,000			1,320,000
Flight Bidco, Inc.
7.65% (1 Month USD LIBOR + 7.50%, Rate Floor: 7.50%) due 07/23/26†††		1,000,000			895,000
Nielsen Finance LLC
4.75% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 06/04/25		746,250			749,824
Total Communications					104,758,738
Financial - 1.8%
Jefferies Finance LLC
4.50% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 09/30/27		24,488,625			24,427,404
Duff & Phelps
4.75% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 04/09/27		13,134,000			13,136,102
PAI Holdco, Inc.
5.00% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 10/22/27		12,600,000			12,600,000
GT Polaris, Inc.
5.00% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 09/24/27		11,521,125			11,552,808
USI, Inc.
4.50% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.50%) due 12/02/26		10,274,250			10,242,194
Higginbotham
6.50% (1 Month USD LIBOR + 5.75%, Rate Floor: 6.50%) due 11/25/26		10,105,491			9,953,909
Teneo Holdings LLC
6.25% (1 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 07/11/25		8,179,450			8,080,642
HUB International Ltd.
2.96% (3 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 04/25/25		5,199,702			5,100,595
Camelia Bidco Banc Civica
4.78% (3 Month GBP LIBOR + 4.75%, Rate Floor: 4.75%) due 10/14/24		GBP	3,000,000		3,977,052
Aretec Group, Inc.
4.40% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 10/01/25		3,822,000			3,731,228
Cross Financial Corp.
5.50% (1 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 09/15/27		1,000,000			1,000,000
AmeriLife Holdings LLC
4.15% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 03/18/27		223,876			220,518
Total Financial					104,022,452
Basic Materials - 1.1%
Illuminate Buyer LLC
4.15% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 06/30/27		12,757,625			12,752,267
LSF11 Skyscraper HoldCo SARL
5.74% (3 Month USD LIBOR + 5.50%, Rate Floor: 5.50%) due 09/29/27		11,700,314			11,641,812
GrafTech Finance, Inc.
4.50% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 02/12/25		10,124,555			10,103,496

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
SENIOR FLOATING RATE INTERESTS††,8 - 21.6% (continued)
Basic Materials - 1.1% (continued)
Alpha 3 BV
4.00% (3 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 01/31/24		7,968,975		$	7,934,150
Barentz Midco BV
due 11/25/27		EUR	2,400,000		2,936,950
due 11/25/27		2,000,000			1,985,000
Patriot Container Corp. (Wastequip)
4.50% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 03/20/25		4,453,904			4,351,820
Pregis TopCo LLC
5.00% (1 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 07/31/26		3,800,000			3,771,500
PQ Corp.
4.00% (3 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 02/08/27		3,670,492			3,666,675
Invictus MD Strategies Corp.
3.15% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/28/25		2,002,341			1,964,437
Vectra Co.
3.40% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 03/08/25		1,641,016			1,599,991
Ascend Performance Materials Operations LLC
6.25% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 08/27/26		397,990			398,985
DCG Acquisition Corp.
4.65% (1 Month USD LIBOR + 4.50%, Rate Floor: 4.50%) due 09/30/26		344,209			339,046
American Rock Salt Company LLC
4.50% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 03/21/25		225,000			224,663
Total Basic Materials					63,670,792
Utilities - 0.7%
Hamilton Projects Acquiror LLC
5.75% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.75%) due 06/17/27		24,578,221			24,593,705
RS Ivy Holdco, Inc.
6.50% (3 Month USD LIBOR + 5.50%, Rate Floor: 6.50%) due 12/23/27		13,700,000			13,563,000
Panda Hummel
7.00% (1 Month USD LIBOR + 6.00%, Rate Floor: 7.00%) due 10/27/22		1,216,888			1,155,605
Panda Stonewall
6.50% (3 Month USD LIBOR + 5.50%, Rate Floor: 6.50%) due 11/13/21		725,000			664,281
Granite Generation LLC
4.75% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 11/09/26		526,532			526,753
Total Utilities					40,503,344
Energy - 0.2%
Venture Global Calcasieu Pass LLC
2.53% (1 Month USD LIBOR + 2.38% and 3 Month USD LIBOR + 2.38%, Rate Floor: 2.38%) due 08/19/26		6,101,923			5,735,807
SeaPort Financing LLC
5.65% (1 Month USD LIBOR + 5.50%, Rate Floor: 5.50%) due 10/31/25†††		3,077,227			2,831,049
Permian Production Partners LLC
9.00% (1 Month USD LIBOR + 6.00%, Rate Floor: 7.00%) (in-kind rate was 2.00%) due 11/23/25†††,10		3,711,175			556,676
Total Energy					9,123,532
Total Senior Floating Rate Interests
(Cost $1,198,776,574)					1,213,961,329
ASSET-BACKED SECURITIES†† - 18.3%
Collateralized Loan Obligations - 10.2%
Tralee CLO III Ltd.
2017-3A, 1.67% (3 Month USD LIBOR + 1.45%, Rate Floor: 0.00%) due 10/20/274,8		31,000,000			30,684,662
BXMT Ltd.
2020-FL2, 1.80% (1 Month USD LIBOR + 1.65%, Rate Floor: 1.65%) due 02/16/374,8		15,640,000			15,394,776
2020-FL2, 2.10% (1 Month USD LIBOR + 1.95%, Rate Floor: 1.95%) due 02/16/374,8		8,000,000			7,893,342
2020-FL3, 2.95% (1 Month USD LIBOR + 2.80%, Rate Floor: 2.80%) due 03/15/374,8		7,350,000			7,361,066
Diamond CLO Ltd.
2018-1A, 2.82% (3 Month USD LIBOR + 2.60%, Rate Floor: 2.60%) due 07/22/304,8		13,500,000			13,126,536
2018-1A, 2.02% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 07/22/304,8		11,000,000			10,903,330

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 18.3% (continued)
Collateralized Loan Obligations - 10.2% (continued)
2018-1A, 3.92% (3 Month USD LIBOR + 3.70%, Rate Floor: 3.70%) due 07/22/304,8		5,000,000	$	4,804,540
2019-1A, 3.82% (3 Month USD LIBOR + 3.60%, Rate Floor: 3.60%) due 04/25/294,8		1,322,000		1,309,157
KREF Funding V LLC
1.90% due 06/25/26†††		27,000,000		25,985,646
0.15% due 06/25/26†††		73,636,363		63,327
NewStar Clarendon Fund CLO LLC
2019-1A, 2.27% (3 Month USD LIBOR + 2.05%, Rate Floor: 0.00%) due 01/25/274,8		14,050,000		13,819,472
2019-1A, 1.52% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 01/25/274,8		6,052,154		6,046,258
2019-1A, 3.27% (3 Month USD LIBOR + 3.05%, Rate Floor: 0.00%) due 01/25/274,8		4,500,000		4,422,700
2015-1A, 4.57% (3 Month USD LIBOR + 4.35%, Rate Floor: 0.00%) due 01/25/274,8		1,300,000		1,284,767
Golub Capital Partners CLO Ltd.
2018-36A, 2.33% (3 Month USD LIBOR + 2.10%, Rate Floor: 0.00%) due 02/05/314,8		20,000,000		18,642,856
2018-39A, 2.42% (3 Month USD LIBOR + 2.20%, Rate Floor: 2.20%) due 10/20/284,8		5,000,000		4,856,175
FDF I Ltd.
2015-1A, 5.50% due 11/12/304		12,000,000		11,947,556
2015-1A, 4.40% due 11/12/304		10,000,000		10,075,635
Treman Park CLO Ltd.
2015-1A, due 10/20/284,11		32,400,000		20,775,879
MidOcean Credit CLO VII
2020-7A, 2.44% (3 Month USD LIBOR + 2.20%, Rate Floor: 0.00%) due 07/15/294,8		21,000,000		20,606,800
GoldenTree Loan Management US CLO 1 Ltd.
2020-1A, 2.07% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 04/20/294,8		19,500,000		19,131,462
BDS Ltd.
2019-FL3, 2.45% (1 Month USD LIBOR + 2.30%, Rate Floor: 2.30%) due 12/15/354,8		18,300,000		17,963,708
Crown Point CLO III Ltd.
2017-3A, 1.69% (3 Month USD LIBOR + 1.45%, Rate Floor: 0.00%) due 12/31/274,8		15,000,000		14,867,337
Cerberus Loan Funding XXX, LP
2020-3A, 3.87% (3 Month USD LIBOR + 3.65%, Rate Floor: 3.65%) due 01/15/334,8		14,500,000		14,500,000
LoanCore Issuer Ltd.
2019-CRE2, 1.66% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 05/15/364,8		12,850,000		12,800,312
Avery Point II CLO Ltd.
2013-3X COM, due 01/18/2511		18,099,521		12,643,252
OZLM XIII Ltd.
2018-13A, 2.31% (3 Month USD LIBOR + 2.10%, Rate Floor: 0.00%) due 07/30/274,8		12,650,000		12,377,883
Lake Shore MM CLO III LLC
2020-1A, 3.43% (3 Month USD LIBOR + 3.20%, Rate Floor: 3.20%) due 10/15/294,8		12,200,000		12,149,409
Palmer Square Loan Funding Ltd.
2018-4A, 2.12% (3 Month USD LIBOR + 1.90%, Rate Floor: 0.00%) due 11/15/264,8		9,050,000		8,945,911
2018-5A, 2.12% (3 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 01/20/274,8		3,000,000		2,970,649
MP CLO VIII Ltd.
2018-2A, 2.12% (3 Month USD LIBOR + 1.90%, Rate Floor: 0.00%) due 10/28/274,8		11,950,000		11,589,094
Atlas Senior Loan Fund IX Ltd.
2018-9A, 2.02% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 04/20/284,8		10,250,000		9,880,798
2018-9A, due 04/20/284,11		9,600,000		1,235,069

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 18.3% (continued)
Collateralized Loan Obligations - 10.2% (continued)
TCP Waterman CLO Ltd.
2016-1A, 3.22% (3 Month USD LIBOR + 3.00%, Rate Floor: 0.00%) due 12/15/284,8		11,000,000	$	10,964,137
Mountain Hawk II CLO Ltd.
2018-2A, 2.57% (3 Month USD LIBOR + 2.35%, Rate Floor: 0.00%) due 07/20/244,8		8,250,000		8,208,704
2013-2A, 3.37% (3 Month USD LIBOR + 3.15%, Rate Floor: 0.00%) due 07/22/244,8		2,750,000		2,585,268
Telos CLO Ltd.
2017-6A, 2.82% (3 Month USD LIBOR + 2.60%, Rate Floor: 0.00%) due 01/17/274,8		7,500,000		7,471,703
2017-6A, 1.49% (3 Month USD LIBOR + 1.27%, Rate Floor: 0.00%) due 01/17/274,8		2,022,864		2,021,422
Carlyle Global Market Strategies CLO Ltd.
2017-2A, 1.87% (3 Month USD LIBOR + 1.65%, Rate Floor: 0.00%) due 01/18/294,8		3,500,000		3,378,178
2012-3A, due 01/14/324,11		6,400,000		2,143,962
2013-3X SUB, due 10/15/3011		4,938,326		1,723,476
2018-1A, 2.07% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 04/20/274,8		1,150,000		1,105,545
Dryden 37 Senior Loan Fund
2015-37A, due 01/15/314,11		9,500,000		8,145,770
Marathon CLO V Ltd.
2017-5A, 1.66% (3 Month USD LIBOR + 1.45%, Rate Floor: 0.00%) due 11/21/274,8		7,920,233		7,812,698
2013-5A, due 11/21/274,11		5,500,000		312,950
Flagship CLO VIII Ltd.
2018-8A, 2.03% (3 Month USD LIBOR + 1.80%, Rate Floor: 0.00%) due 01/16/264,8		8,025,000		7,965,782
Avery Point VI CLO Ltd.
2018-6A, 2.23% (3 Month USD LIBOR + 2.00%, Rate Floor: 0.00%) due 08/05/274,8		8,000,000		7,895,291
Venture XIV CLO Ltd.
2020-14A, 2.47% (3 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 08/28/294,8		8,000,000		7,761,894
Newstar Commercial Loan Funding LLC
2017-1A, 3.74% (3 Month USD LIBOR + 3.50%, Rate Floor: 0.00%) due 03/20/274,8		7,500,000		7,449,561
Octagon Loan Funding Ltd.
2014-1A, due 11/18/314,11		19,435,737		7,209,535
Voya CLO Ltd.
2013-1A, due 10/15/304,11		28,970,307		7,159,953
ACIS CLO Ltd.
2014-4A, 2.76% (3 Month USD LIBOR + 2.55%, Rate Floor: 0.00%) due 05/01/264,8		3,600,000		3,586,441
2015-6A, 3.58% (3 Month USD LIBOR + 3.37%, Rate Floor: 0.00%) due 05/01/274,8		3,250,000		3,239,308
Marathon CRE Ltd.
2018-FL1, 3.15% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 06/15/284,8		6,000,000		5,680,890
2018-FL1, 2.75% (1 Month USD LIBOR + 2.60%, Rate Floor: 2.60%) due 06/15/284,8		650,000		630,840
Monroe Capital CLO Ltd.
2017-1A, 3.82% (3 Month USD LIBOR + 3.60%, Rate Floor: 0.00%) due 10/22/264,8		3,000,000		2,909,486
2017-1A, 1.57% (3 Month USD LIBOR + 1.35%, Rate Floor: 0.00%) due 10/22/264,8		2,899,701		2,899,124
Silvermore CLO Ltd.
2014-1A, 3.22% (3 Month USD LIBOR + 3.00%, Rate Floor: 0.00%) due 05/15/264,8		5,500,000		5,487,095
Dryden 50 Senior Loan Fund
2017-50A, due 07/15/304,11		7,895,000		5,249,378
FDF II Ltd.
2016-2A, 6.29% due 05/12/314		5,250,000		5,218,109
Dryden 41 Senior Loan Fund
2015-41A, due 04/15/314,11		11,700,000		5,182,740

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 18.3% (continued)
Collateralized Loan Obligations - 10.2% (continued)
Sudbury Mill CLO Ltd.
2017-1A, 2.67% (3 Month USD LIBOR + 2.45%, Rate Floor: 0.00%) due 01/17/264,8		5,000,000	$	4,963,417
Hull Street CLO Ltd.
2014-1A, 3.82% (3 Month USD LIBOR + 3.60%, Rate Floor: 0.00%) due 10/18/264,8		5,785,000		4,679,912
Jackson Mill CLO Ltd.
2018-1A, 2.09% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 04/15/274,8		4,150,000		4,014,419
Venture XIII CLO Ltd.
2013-13A, due 09/10/294,11		13,790,000		4,001,237
Madison Park Funding XVI Ltd.
2016-16A, 2.87% (3 Month USD LIBOR + 2.65%, Rate Floor: 0.00%) due 04/20/264,8		4,000,000		3,990,681
WhiteHorse X Ltd.
2015-10A, 5.52% (3 Month USD LIBOR + 5.30%, Rate Floor: 5.30%) due 04/17/274,8		4,980,000		3,700,774
Adams Mill CLO Ltd.
2014-1A, 5.24% (3 Month USD LIBOR + 5.00%, Rate Floor: 0.00%) due 07/15/264,8		4,000,000		3,387,643
KVK CLO Ltd.
2013-1A, due 01/14/284,11		11,900,000		3,051,803
Mountain Hawk III CLO Ltd.
2014-3A, 3.02% (3 Month USD LIBOR + 2.80%, Rate Floor: 0.00%) due 04/18/254,8		3,000,000		2,989,567
AMMC CLO XI Ltd.
2012-11A, due 04/30/314,11		5,650,000		2,648,254
BNPP IP CLO Ltd.
2014-2A, 5.46% (3 Month USD LIBOR + 5.25%, Rate Floor: 0.00%) due 10/30/254,8		5,762,768		2,574,333
Denali Capital CLO XI Ltd.
2018-1A, 2.37% (3 Month USD LIBOR + 2.15%, Rate Floor: 0.00%) due 10/20/284,8		2,500,000		2,429,021
Exantas Capital Corporation Ltd.
2019-RSO7, 1.65% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 04/15/364,8		1,500,000		1,479,006
KKR CLO 19 Ltd.
2017-19, 1.99% (3 Month USD LIBOR + 1.75%, Rate Floor: 0.00%) due 10/15/304,8		1,350,000		1,326,234
Dryden Senior Loan Fund
due 01/15/3111		1,897,598		1,001,031
Babson CLO Ltd.
2014-IA, due 07/20/254,11		11,900,000		881,790
Great Lakes CLO Ltd.
2014-1A, due 10/15/294,11		1,500,000		650,488
West CLO Ltd.
2013-1A, due 11/07/254,11		5,300,000		402,800
Halcyon Loan Advisors Funding Ltd.
2012-1A, 3.22% (3 Month USD LIBOR + 3.00%, Rate Floor: 0.00%) due 08/15/234,8		248,566		248,381
TICP CLO III-2 Ltd.
2018-3R, 1.06% (3 Month USD LIBOR + 0.84%, Rate Floor: 0.84%) due 04/20/284,8		239,957		239,837
Copper River CLO Ltd.
2007-1A, due 01/20/217,11		8,150,000		239,610
OHA Credit Partners IX Ltd.
2013-9A, due 10/20/254,11		4,219,178		54,132
Total Collateralized Loan Obligations				571,412,974
Transport-Aircraft - 4.6%
Castlelake Aircraft Securitization Trust
2018-1, 4.13% due 06/15/434		22,729,557		21,604,533
2017-1, 3.97% due 07/15/42		22,014,031		20,615,217
2016-1, 4.45% due 08/15/41		11,119,258		10,574,071
2019-1A, 3.97% due 04/15/394		3,894,425		3,703,574
KDAC Aviation Finance Ltd.
2017-1A, 4.21% due 12/15/424		50,354,543		45,417,764
AASET Trust
2017-1A, 3.97% due 05/16/424		28,241,274		26,191,065
2020-1A, 4.34% due 01/16/404		6,611,667		5,669,519

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
ASSET-BACKED SECURITIES†† - 18.3% (continued)
Transport-Aircraft - 4.6% (continued)
Raspro Trust
2005-1A, 1.14% (3 Month USD LIBOR + 0.93%, Rate Floor: 0.93%) due 03/23/244,8		29,279,491		$	28,518,985
Falcon Aerospace Ltd.
2017-1, 4.58% due 02/15/424		22,823,071			21,863,815
2017-1, 6.30% due 02/15/424		5,395,449			4,365,655
Sapphire Aviation Finance I Ltd.
2018-1A, 4.25% due 03/15/404		22,644,455			21,912,378
AASET US Ltd.
2018-2A, 4.45% due 11/18/384		17,719,955			16,740,387
Sapphire Aviation Finance II Ltd.
2020-1A, 4.34% due 03/15/404		9,117,555			7,422,551
2020-1A, 3.23% due 03/15/404		676,393			654,822
MAPS Ltd.
2018-1A, 4.21% due 05/15/434		6,320,250			6,023,025
JOL Air Ltd.
2019-1, 3.97% due 04/15/444		5,177,238			4,998,110
WAVE LLC
2019-1, 3.60% due 09/15/444		4,201,557			4,097,181
GAIA Aviation Ltd.
2019-1, 3.97% due 12/15/444,12		4,331,647			3,956,825
Stripes Aircraft Ltd.
2013-1 A1, 3.66% due 03/20/23†††		3,393,530			3,012,284
Turbine Engines Securitization Ltd.
2013-1A, 5.13% due 12/13/487		1,972,901			1,598,190
2013-1A, 6.38% due 12/13/487		1,467,369			892,559
Airplanes Pass Through Trust
2001-1A, due 03/15/19†††,7,9		2,097,481			210
Total Transport-Aircraft					259,832,720
Whole Business - 1.0%
TSGE
2017-1, 6.25% due 09/25/31†††		42,550,000			44,344,313
Applebee's Funding LLC / IHOP Funding LLC
2019-1A, 4.72% due 06/07/494		3,441,375			3,348,768
2019-1A, 4.19% due 06/07/494		2,094,750			2,066,094
Taco Bell Funding LLC
2016-1A, 4.97% due 05/25/464		2,726,125			2,940,126
Drug Royalty III Limited Partnership 1
2017-1A, 2.74% (3 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 04/15/274,8		801,469			801,282
Wendy's Funding LLC
2018-1A, 3.88% due 03/15/484		388,000			411,703
2015-1A, 4.50% due 06/15/454		47,375			48,068
Total Whole Business					53,960,354
Financial - 0.8%
Aesf Vi Verdi LP
2.15% due 11/25/24†††		EUR	21,000,000		25,546,391
Nassau LLC
2019-1, 3.98% due 08/15/344		17,872,670			18,191,660
Station Place Securitization Trust Series
2020-WL1, 3.40% (1 Month USD LIBOR + 3.25%, Rate Floor: 0.00%) due 06/25/51†††,7,8		2,600,000			2,600,000
Total Financial					46,338,051
Infrastructure - 0.7%
VB-S1 Issuer LLC
2020-1A, 6.66% due 06/15/504		23,700,000			25,436,945
2020-1A, 4.09% due 06/15/504		5,183,000			5,373,849
Secured Tenant Site Contract Revenue Notes Series
2018-1A, 4.70% due 06/15/487		6,686,223			6,763,229
Total Infrastructure					37,574,023
Collateralized Debt Obligations - 0.5%
Anchorage Credit Funding 3 Ltd.
2021-3A, 3.47% due 01/28/394		14,250,000			14,265,853
Anchorage Credit Funding 4 Ltd.
2016-4A, 4.50% due 02/15/354		9,200,000			9,182,206
Putnam Structured Product Funding Ltd.
2003-1A, 1.18% (1 Month USD LIBOR + 1.00%, Rate Floor: 0.00%) due 10/15/387,8		2,120,675			2,113,898

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 18.3% (continued)
Collateralized Debt Obligations - 0.5% (continued)
Banco Bradesco SA
2014-1, 5.44% due 03/12/26†††		1,864,895	$	1,833,564
Total Collateralized Debt Obligations				27,395,521
Diversified Payment Rights - 0.3%
Bib Merchant Voucher Receivables Ltd.
4.18% due 04/07/28†††		15,300,000		16,453,958
Net Lease - 0.2%
CARS-DB4, LP
2020-1A, 4.95% due 02/15/504		10,550,000		10,856,154
Insurance - 0.0%
J.G. Wentworth XLI LLC
2018-1A, 4.70% due 10/15/744		400,000		432,564
Total Asset-Backed Securities
(Cost $1,039,299,009)				1,024,256,319
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 11.1%
Residential Mortgage Backed Securities - 9.9%
JP Morgan Mortgage Acquisition Trust
2006-WMC4, 0.30% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 12/25/368		25,547,849		16,466,731
2006-WMC3, 0.30% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 08/25/368		11,140,962		8,953,414
2006-HE3, 0.31% (1 Month USD LIBOR + 0.16%, Rate Floor: 0.16%) due 11/25/368		7,103,943		6,285,109
2006-WMC4, 0.27% (1 Month USD LIBOR + 0.12%, Rate Floor: 0.12%) due 12/25/368		8,793,795		5,634,583
2006-WMC4, 0.23% (1 Month USD LIBOR + 0.08%, Rate Floor: 0.08%) due 12/25/368		3,718,324		2,363,662
Lehman XS Trust Series
2006-16N, 0.36% (1 Month USD LIBOR + 0.21%, Rate Floor: 0.21%) due 11/25/468		18,087,931		17,892,141
2006-18N, 0.33% (1 Month USD LIBOR + 0.18%, Rate Floor: 0.18%) due 12/25/368		14,626,051		14,660,070
2006-10N, 0.36% (1 Month USD LIBOR + 0.21%, Rate Floor: 0.21%) due 07/25/468		4,001,682		3,947,481
RALI Series Trust
2006-QO6, 0.51% (1 Month USD LIBOR + 0.36%, Rate Floor: 0.36%) due 06/25/468		34,165,115		11,986,503
2007-QO2, 0.30% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 02/25/478		16,087,215		8,458,960
2006-QO8, 0.35% (1 Month USD LIBOR + 0.20%, Rate Floor: 0.20%) due 10/25/468		6,517,944		6,248,277
2006-QO6, 0.61% (1 Month USD LIBOR + 0.46%, Rate Floor: 0.46%) due 06/25/468		8,889,297		3,183,928
2006-QO2, 0.69% (1 Month USD LIBOR + 0.54%, Rate Floor: 0.54%) due 02/25/468		6,691,716		2,164,525
2006-QO6, 0.67% (1 Month USD LIBOR + 0.52%, Rate Floor: 0.52%) due 06/25/468		5,608,389		2,016,689
2006-QO2, 0.83% (1 Month USD LIBOR + 0.68%, Rate Floor: 0.68%) due 02/25/468		3,580,636		1,216,590
2006-QO2, 0.59% (1 Month USD LIBOR + 0.44%, Rate Floor: 0.44%) due 02/25/468		240,011		74,790
WaMu Asset-Backed Certificates WaMu Series
2007-HE2, 0.51% (1 Month USD LIBOR + 0.36%, Rate Floor: 0.36%) due 04/25/378		27,387,152		14,251,869
2007-HE2, 0.34% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 04/25/378		20,868,768		10,527,221
2007-HE4, 0.32% (1 Month USD LIBOR + 0.17%, Rate Floor: 0.17%) due 07/25/478		8,157,246		6,784,401
2007-HE4, 0.40% (1 Month USD LIBOR + 0.25%, Rate Floor: 0.25%) due 07/25/478		2,565,741		1,899,210

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 11.1% (continued)
Residential Mortgage Backed Securities - 9.9% (continued)
LSTAR Securities Investment Limited
2019-5, 1.66% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 11/01/244,8		32,685,628	$	32,313,505
Long Beach Mortgage Loan Trust
2006-6, 0.40% (1 Month USD LIBOR + 0.25%, Rate Floor: 0.25%) due 07/25/368		15,812,409		8,382,734
2006-8, 0.31% (1 Month USD LIBOR + 0.16%, Rate Floor: 0.16%) due 09/25/368		18,796,822		7,615,683
2006-4, 0.47% (1 Month USD LIBOR + 0.32%, Rate Floor: 0.32%) due 05/25/368		11,618,381		5,175,795
2006-1, 0.53% (1 Month USD LIBOR + 0.38%, Rate Floor: 0.38%) due 02/25/368		4,460,174		3,796,239
2006-6, 0.30% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 07/25/368		4,923,793		2,533,706
2006-8, 0.24% (1 Month USD LIBOR + 0.09%, Rate Floor: 0.09%) due 09/25/368		5,093,585		2,013,328
2006-6, 0.25% (1 Month USD LIBOR + 0.10%, Rate Floor: 0.10%) due 07/25/368		2,850,279		1,444,545
Structured Asset Securities Corporation Mortgage Loan Trust
2008-BC4, 0.78% (1 Month USD LIBOR + 0.63%, Rate Floor: 0.63%) due 11/25/378		30,630,336		29,978,743
FKRT
2020-C2A, 3.25% due 12/30/237		26,210,000		26,227,470
American Home Mortgage Assets Trust
2006-1, 0.53% (1 Month USD LIBOR + 0.38%, Rate Floor: 0.38%) due 05/25/468		10,599,988		9,843,791
2006-6, 0.36% (1 Month USD LIBOR + 0.21%, Rate Floor: 0.21%) due 12/25/468		11,780,028		9,742,183
2006-3, 1.55% (1 Year CMT Rate + 0.94%, Rate Floor: 0.94%) due 10/25/468		6,608,736		5,381,260
CIM Trust
2018-R2, 3.69% (WAC) due 08/25/574,8		24,882,392		24,901,883
Legacy Mortgage Asset Trust
2018-GS3, 4.00% due 06/25/584,12		24,506,295		24,668,794
Ameriquest Mortgage Securities Trust
2006-M3, 0.32% (1 Month USD LIBOR + 0.18%, Rate Floor: 0.18%) due 10/25/368		23,882,425		16,475,841
2006-M3, 0.25% (1 Month USD LIBOR + 0.10%, Rate Floor: 0.10%) due 10/25/368		15,177,600		6,675,459
Morgan Stanley IXIS Real Estate Capital Trust
2006-2, 0.37% (1 Month USD LIBOR + 0.22%, Rate Floor: 0.22%) due 11/25/368		24,712,230		11,523,716
2006-2, 0.30% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 11/25/368		18,852,339		8,680,504
Morgan Stanley ABS Capital I Incorporated Trust
2006-HE8, 0.37% (1 Month USD LIBOR + 0.22%, Rate Floor: 0.22%) due 10/25/368		23,043,767		14,115,810
2006-HE6, 0.25% (1 Month USD LIBOR + 0.10%, Rate Floor: 0.10%) due 09/25/368		4,887,024		2,326,876
2007-HE4, 0.38% (1 Month USD LIBOR + 0.23%, Rate Floor: 0.23%) due 02/25/378		4,256,182		1,837,498
IXIS Real Estate Capital Trust
2007-HE1, 0.31% (1 Month USD LIBOR + 0.16%, Rate Floor: 0.16%) due 05/25/378		25,873,323		8,915,934
2007-HE1, 0.38% (1 Month USD LIBOR + 0.23%, Rate Floor: 0.23%) due 05/25/378		18,330,885		6,421,747
GSAA Home Equity Trust
2006-3, 0.75% (1 Month USD LIBOR + 0.60%, Rate Floor: 0.60%) due 03/25/368		13,875,274		9,443,175

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 11.1% (continued)
Residential Mortgage Backed Securities - 9.9% (continued)
2006-9, 0.63% (1 Month USD LIBOR + 0.48%, Rate Floor: 0.48%) due 06/25/368		9,079,522	$	3,958,228
2007-7, 0.69% (1 Month USD LIBOR + 0.54%, Rate Floor: 0.54%) due 07/25/378		1,091,482		1,063,865
GSAMP Trust
2007-NC1, 0.28% (1 Month USD LIBOR + 0.13%, Rate Floor: 0.13%) due 12/25/468		22,369,234		14,167,295
Master Asset Backed Securities Trust
2006-WMC3, 0.31% (1 Month USD LIBOR + 0.16%, Rate Floor: 0.16%) due 08/25/368		11,798,941		5,564,100
2006-HE3, 0.35% (1 Month USD LIBOR + 0.20%, Rate Floor: 0.20%) due 08/25/368		10,436,080		4,303,693
2006-HE3, 0.45% (1 Month USD LIBOR + 0.30%, Rate Floor: 0.30%) due 08/25/368		8,774,251		3,674,240
Citigroup Mortgage Loan Trust, Inc.
2007-AMC3, 0.40% (1 Month USD LIBOR + 0.25%, Rate Floor: 0.25%) due 03/25/378		13,636,404		12,345,805
Nationstar Home Equity Loan Trust
2007-C, 0.32% (1 Month USD LIBOR + 0.18%, Rate Floor: 0.18%) due 06/25/378		11,818,424		11,481,300
Home Equity Loan Trust
2007-FRE1, 0.34% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 04/25/378		10,670,465		9,992,327
Alternative Loan Trust
2007-OA7, 0.33% (1 Month USD LIBOR + 0.18%, Rate Floor: 0.18%) due 05/25/478		9,919,944		9,231,340
First NLC Trust
2007-1, 0.43% (1 Month USD LIBOR + 0.28%, Rate Floor: 0.28%) due 08/25/374,8		7,986,623		5,085,407
2007-1, 0.22% (1 Month USD LIBOR + 0.07%, Rate Floor: 0.07%) due 08/25/374,8		6,056,512		3,730,376
WaMu Asset-Backed Certificates WaMu Series Trust
2007-HE1, 0.38% (1 Month USD LIBOR + 0.23%, Rate Floor: 0.23%) due 01/25/378		8,955,411		5,734,996
2007-HE4, 0.32% (1 Month USD LIBOR + 0.17%, Rate Floor: 0.17%) due 07/25/478		3,593,474		2,630,005
ACE Securities Corporation Home Equity Loan Trust Series
2007-ASP1, 0.53% (1 Month USD LIBOR + 0.38%, Rate Floor: 0.38%) due 03/25/378		12,719,200		8,034,374
HSI Asset Securitization Corporation Trust
2007-HE1, 0.34% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 01/25/378		7,285,947		6,084,550
Washington Mutual Mortgage Pass-Through Certificates WMALT Series Trust
2006-AR9, 1.45% (1 Year CMT Rate + 0.84%, Rate Floor: 0.84%) due 11/25/468		5,426,275		4,548,161
Morgan Stanley Mortgage Loan Trust
2006-9AR, 0.45% (1 Month USD LIBOR + 0.30%, Rate Floor: 0.30%) due 08/25/368		9,890,648		4,047,082
LSTAR Securities Investment Trust
2019-1, 1.86% (1 Month USD LIBOR + 1.70%, Rate Floor: 0.00%) due 03/01/244,8		3,760,073		3,773,530
Nomura Resecuritization Trust
2015-4R, 1.71% (1 Month USD LIBOR + 0.43%, Rate Floor: 0.43%) due 03/26/364,8		3,261,193		3,242,342
Alliance Bancorp Trust
2007-OA1, 0.39% (1 Month USD LIBOR + 0.24%, Rate Floor: 0.24%) due 07/25/378		2,919,301		2,628,431

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 11.1% (continued)
Residential Mortgage Backed Securities - 9.9% (continued)
Wachovia Asset Securitization Issuance II LLC Trust
2007-HE1, 0.29% (1 Month USD LIBOR + 0.14%, Rate Floor: 0.14%) due 07/25/374,8		1,117,016		$	1,039,457
Morgan Stanley Re-REMIC Trust
2010-R5, 1.57% due 06/26/364		869,399			782,140
Asset Backed Securities Corporation Home Equity Loan Trust
2006-HE5, 0.29% (1 Month USD LIBOR + 0.14%, Rate Floor: 0.14%) due 07/25/368		585,241			570,887
GreenPoint Mortgage Funding Trust
2007-AR1, 0.23% (1 Month USD LIBOR + 0.08%, Rate Floor: 0.08%) due 02/25/47†††,8		1,795			1,795
Total Residential Mortgage Backed Securities					553,168,099
Commercial Mortgage Backed Securities - 0.6%
GS Mortgage Securities Corporation Trust
2017-STAY, 2.56% (1 Month USD LIBOR + 2.40%, Rate Floor: 2.15%) due 07/15/324,8		16,531,000			15,545,853
2020-UPTN, 3.25% (WAC) due 02/10/374,8		8,256,000			7,766,617
2020-DUNE, 2.66% (1 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 12/15/364,8		7,340,000			6,420,146
2020-DUNE, 2.06% (1 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 12/15/364,8		2,750,000			2,471,048
BX Commercial Mortgage Trust
2019-XL, 2.46% (1 Month USD LIBOR + 2.30%, Rate Floor: 2.30%) due 10/15/364,8		2,221,357			2,203,446
Wells Fargo Commercial Mortgage Trust
2015-NXS1, 2.63% due 05/15/48		1,019,831			1,019,439
Total Commercial Mortgage Backed Securities					35,426,549
Military Housing - 0.6%
Freddie Mac Military Housing Bonds Resecuritization Trust Certificates
2015-R1, 0.96% (WAC) due 11/25/524,8,13		163,350,763			9,767,935
2015-R1, 0.29% (WAC) due 11/25/554,8,13		66,347,648			4,642,152
GMAC Commercial Mortgage Asset Corp.
2004-POKA, 6.36% due 09/10/44†††,4		9,000,000			11,516,761
Capmark Military Housing Trust
2007-AET2, 6.06% due 10/10/524		5,640,742			6,545,371
Total Military Housing					32,472,219
Total Collateralized Mortgage Obligations
(Cost $659,362,097)					621,066,867
U.S. TREASURY BILLS†† - 0.7%
U.S. Treasury Bills
0.08% due 03/18/2114		20,050,000			20,047,154
0.09% due 01/07/2114		9,200,000			9,199,977
0.10% due 03/04/2114		4,760,000			4,759,454
0.09% due 02/11/2114		2,650,000			2,649,832
0.10% due 01/21/2114		1,500,000			1,499,968
0.09% due 01/14/2114		1,000,000			999,988
Total U.S. Treasury Bills
(Cost $39,155,159)					39,156,373
SENIOR FIXED RATE INTERESTS††† - 0.1%
Communications - 0.1%
MHGE Parent LLC
11.00% due 04/20/22		4,976,125			4,413,442
Consumer, Cyclical - 0.0%
WESCO
5.25% due 06/14/24		CAD	3,930,000		3,080,740
Total Senior Fixed Rate Interests
(Cost $7,919,230)					7,494,182
REPURCHASE AGREEMENTS††,15 - 1.2%
J.P. Morgan Securities LLC
issued 12/31/20 at 0.06%  due 01/04/21		65,000,000			65,000,000
Total Repurchase Agreements
(Cost $65,000,000)					65,000,000

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Notional Value		Value
OTC OPTIONS PURCHASED†† - 0.4%
Call options on:
Morgan Stanley Capital Services LLC 2Y-10 CMS CAP Expiring July 2022 with strike price of $0.40		2,186,900,000	$	11,021,976
Bank of America, N.A. 2Y-10 CMS CAP Expiring July 2022 with strike price of $0.40		1,067,900,000		5,382,216
Goldman Sachs International 2Y-10 CMS CAP Expiring July 2022 with strike price of $0.61		1,157,800,000		4,075,456
Goldman Sachs International 2Y-10 CMS CAP Expiring July 2022 with strike price of $0.40		463,200,000		2,334,528
Bank of America, N.A. 2Y-10 CMS CAP Expiring July 2022 with strike price of $0.61		82,200,000		289,344
Total OTC Options Purchased
(Cost $10,589,112)				23,103,520
Total Investments - 105.8%
(Cost $5,723,659,460)			$	5,936,998,522
		Contracts
OTC OPTIONS WRITTEN† - 0.0%
Call options on:
Citibank N.A., New York Pershing Square Tontine Holdings Ltd. Expiring June 2021 with strike price of $35.00 (Notional Value $2,772)		1		(465	)
Citibank N.A., New York Pershing Square Tontine Holdings Ltd. Expiring December 2021 with strike price of $35.00 (Notional Value $41,580)		15		(11,175	)
Citibank N.A., New York Pershing Square Tontine Holdings Ltd. Expiring December 2021 with strike price of $30.00 (Notional Value $504,504)		182		(154,700	)
Citibank N.A., New York Pershing Square Tontine Holdings Ltd. Expiring December 2021 with strike price of $40.00 (Notional Value $759,528)		274		(172,620	)
Total OTC Options Written
(Premiums received $283,563)				(338,960	)
Other Assets & Liabilities, net - (5.8)%				(326,662,291	)
Total Net Assets - 100.0%			$	5,609,997,271

Futures Contracts
Description	Number of Contracts	Expiration Date	Notional Amount		Value and Unrealized Appreciation (Depreciation)**
Commodity Futures Contracts Purchased†
Gold 100 oz. Futures Contracts	239	Feb 2021	$	45,498,430	$	2,910,149
Commodity Futures Contracts Sold Short†
WTI Crude Futures Contracts	1,020	Jan 2021		49,419,000		(784,580	)

Centrally Cleared Credit Default Swap Agreements Protection Sold††

Counterparty

Exchange

Index

Protection Premium Rate

Payment Frequency

Maturity Date

Notional Amount

Value

Upfront Premiums Paid

Unrealized Appreciation**

BofA Securities, Inc.

ICE

CDX.NA.HY.35.V1

5.00%

Quarterly

12/20/25

$

460,920,000

$

42,990,405

$

18,567,809

$

24,422,596

Centrally Cleared Interest Rate Swap Agreements††

Counterparty

Exchange

Floating Rate Type

Floating Rate Index

Fixed Rate

Payment Frequency

Maturity Date

Notional Amount

Value

Upfront Premiums Paid (Received)

Unrealized Appreciation

J.P. Morgan Securities LLC

LCH

Pay

3-Month ILS TELBOR

0.92%

Quarterly

11/15/27

ILS

159,859,000

$

50,177

$

–

$

50,177

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Total Return Swap Agreements
Counterparty	Reference Obligation	Financing Rate Pay	Payment Frequency	Maturity Date	Units	Notional Amount		Value and Unrealized Appreciation (Depreciation)
OTC Credit Index Swap Agreements††
BNP Paribas	iShares iBoxx $ High Yield Corporate Bond ETF	0.20% (1 Month USD LIBOR + 0.05%)	Monthly	05/06/21	1,205,000	$	105,196,500	$	3,446,300
Barclays Bank plc	iShares iBoxx $ High Yield Corporate Bond ETF	0.45% (1 Month USD LIBOR + 0.30%)	Monthly	01/12/21	605,000		52,816,500		2,967,525
Barclays Bank plc	iShares iBoxx $ High Yield Corporate Bond ETF	0.39% (1 Month USD LIBOR + 0.24%)	Monthly	04/15/21	756,920		66,079,116		1,740,916
Citibank N.A., New York	iShares iBoxx $ High Yield Corporate Bond ETF	0.35% (1 Month USD LIBOR + 0.20%)	Monthly	05/12/21	1,058,620		92,417,526		1,503,240
BNP Paribas	iShares iBoxx $ High Yield Corporate Bond ETF	0.40% (1 Month USD LIBOR + 0.25%)	Monthly	04/12/21	604,000		52,729,200		1,419,400
BNP Paribas	iShares iBoxx $ High Yield Corporate Bond ETF	0.28% (1 Month USD LIBOR + 0.13%)	Monthly	05/06/21	600,000		52,380,000		1,242,000
BNP Paribas	iShares iBoxx $ High Yield Corporate Bond ETF	0.35% (1 Month USD LIBOR + 0.20%)	Monthly	05/21/21	605,000		52,816,500		738,100
						$	474,435,342	$	13,057,481
OTC Equity Index Swap Agreements††
BNP Paribas	VanEck Vectors Gold Miners ETF	0.40% (1 Month USD LIBOR + 0.25%)	Monthly	04/16/21	1,053,640		37,952,113		(5,204,981	)

Forward Foreign Currency Exchange Contracts††
Counterparty	Contracts to Sell	Currency	Settlement Date	Settlement Value		Value at December 31, 2020		Unrealized Appreciation (Depreciation)
JPMorgan Chase Bank, N.A.	178,600,000	BRL	07/01/21	$	42,785,007	$	34,270,011	$	8,514,996
Citibank N.A., New York	122,150,000	BRL	07/01/21		29,677,306		23,438,308		6,238,998
Citibank N.A., New York	6,320,158,500	JPY	07/01/21		62,232,010		61,346,852		885,158
Barclays Bank plc	6,018,007,500	JPY	07/01/21		59,168,297		58,414,012		754,285
Goldman Sachs International	8,850,000	BRL	07/01/21		2,073,328		1,698,150		375,178
Morgan Stanley Capital Services LLC	20,977,000	EUR	03/30/21		25,685,077		25,681,906		3,171
Citibank N.A., New York	3,158,500	JPY	01/04/21		30,823		30,589		234
Barclays Bank plc	3,007,500	JPY	01/04/21		29,300		29,127		173
Citibank N.A., New York	1,052	ILS	02/01/21		298		328		(30	)
Citibank N.A., New York	3,973,000	CAD	01/15/21		3,123,171		3,123,547		(376	)
Morgan Stanley Capital Services LLC	176,450	ILS	01/25/21		54,356		54,997		(641	)
Bank of America, N.A.	383,900	ILS	02/01/21		112,169		119,680		(7,511	)
Barclays Bank plc	684,673	ILS	08/02/21		204,027		214,283		(10,256	)
JPMorgan Chase Bank, N.A.	2,395,000	EUR	01/15/21		2,909,528		2,927,190		(17,662	)
Bank of America, N.A.	7,363,900	ILS	01/31/22		2,183,190		2,315,319		(132,129	)
Bank of America, N.A.	9,084,000	GBP	01/15/21		12,064,052		12,423,986		(359,934	)
Goldman Sachs International	90,872,000	EUR	01/15/21		110,337,540		111,064,546		(727,006	)
Goldman Sachs International	38,713,300	ILS	04/30/21		11,336,278		12,093,709		(757,431	)
Goldman Sachs International	57,434,200	ILS	01/31/22		17,016,599		18,058,161		(1,041,562	)
Barclays Bank plc	92,228,427	ILS	08/01/22		27,935,310		29,082,771		(1,147,461	)
Bank of America, N.A.	79,971,800	ILS	04/30/21		23,698,472		24,982,516		(1,284,044	)
Goldman Sachs International	72,830,756	ILS	02/01/21		21,256,016		22,704,897		(1,448,881	)
Goldman Sachs International	32,149,325	EUR	07/30/21		37,345,459		39,469,402		(2,123,943	)
JPMorgan Chase Bank, N.A.	29,016,000	EUR	07/30/21		33,489,397		35,622,651		(2,133,254	)
Citibank N.A., New York	193,819,000	ILS	04/30/21		56,980,495		60,547,421		(3,566,926	)
								$	2,013,146

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Counterparty	Contracts to Buy	Currency	Settlement Date	Settlement Value		Value at December 31, 2020		Unrealized Appreciation (Depreciation)
Goldman Sachs International	312,504,100	ILS	04/30/21	$	87,609,812	$	97,623,644	$	10,013,832
Goldman Sachs International	61,165,325	EUR	07/30/21		70,187,210		75,092,053		4,904,843
Goldman Sachs International	92,228,427	ILS	08/01/22		24,775,937		29,082,771		4,306,834
Goldman Sachs International	64,798,100	ILS	01/31/22		17,651,727		20,373,480		2,721,753
Goldman Sachs International	73,215,708	ILS	02/01/21		20,494,850		22,824,906		2,330,056
Goldman Sachs International	684,673	ILS	08/02/21		183,706		214,282		30,576
Morgan Stanley Capital Services LLC	44,000	CAD	01/15/21		34,607		34,592		(15	)
JPMorgan Chase Bank, N.A.	6,166,000	JPY	01/04/21		59,867		59,716		(151	)
Citibank N.A., New York	309,600,000	BRL	07/01/21		59,488,074		59,406,470		(81,604	)
JPMorgan Chase Bank, N.A.	12,338,166,000	JPY	07/01/21		120,472,255		119,760,865		(711,390	)
								$	23,514,734

~	The face amount is denominated in U.S. dollars unless otherwise indicated.
*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.
††	Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
1	Affiliated issuer.
2	Perpetual maturity.
3	Rate indicated is the 7-day yield as of December 31, 2020.
4	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $2,456,946,228 (cost $2,391,775,796), or 43.8% of total net assets.
5	Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.
6	All or a portion of this security has been physically segregated or earmarked in connection with reverse repurchase agreements. At December 31, 2020, the total market value of segregated or earmarked securities was $291,971,343 — See Note 2.
7	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $65,552,265 (cost $68,714,687), or 1.2% of total net assets — See Note 6.
8	Variable rate security. Rate indicated is the rate effective at December 31, 2020. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
9	Security is in default of interest and/or principal obligations.
10	Payment-in-kind security.
11	Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.
12	Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2020. See table below for additional step information for each security.
13	Security is an interest-only strip.
14	Rate indicated is the effective yield at the time of purchase.
15	Repurchase Agreements - The interest rate on repurchase agreements is market driven and based on the underlying collateral obtained. See additional disclosure in the repurchase agreements table below for more information on repurchase agreements.

BofA — Bank of America

BRL — Brazilian Real

CAD — Canadian Dollar

CDX.NA.HY.35.V1 — Credit Default Swap North American High Yield Series 35 Index Version 1

CMS — Constant Maturity Swap

CMT — Constant Maturity Treasury

EURIBOR — European Interbank Offered Rate

EUR — Euro

GBP — British Pound

ICE — Intercontinental Exchange

ILS — Israeli New Shekel

JPY — Japanese Yen

LCH — London Clearing House

LIBOR — London Interbank Offered Rate

plc — Public Limited Company

PPV — Public-Private Venture

REMIC — Real Estate Mortgage Investment Conduit

SARL — Société à Responsabilité Limitée

TELBOR — Tel Aviv Interbank Offered Rate

WAC — Weighted Average Coupon

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at December 31, 2020 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	216,343,855	$	7,254,662	$	2,018,411	$	225,616,928
Preferred Stocks		—		156,556,748		111,460		156,668,208
Warrants		7,322,592		—		—		7,322,592
Exchange-Traded Funds		34,727,954		—		—		34,727,954
Mutual Funds		44,364,022		—		—		44,364,022
Closed-End Funds		84,127,492		—		—		84,127,492
Money Market Funds		145,784,349		—		—		145,784,349
Corporate Bonds		—		2,149,274,059		95,074,328		2,244,348,387
Senior Floating Rate Interests		—		1,082,401,314		131,560,015		1,213,961,329
Asset-Backed Securities		—		904,416,626		119,839,693		1,024,256,319
Collateralized Mortgage Obligations		—		609,548,311		11,518,556		621,066,867
U.S. Treasury Bills		—		39,156,373		—		39,156,373
Senior Fixed Rate Interests		—		—		7,494,182		7,494,182
Repurchase Agreements		—		65,000,000		—		65,000,000
Options Purchased		—		23,103,520		—		23,103,520
Commodity Futures Contracts**		2,910,149		—		—		2,910,149
Credit Default Swap Agreements**		—		24,422,596		—		24,422,596
Interest Rate Swap Agreements**		—		50,177		—		50,177
Credit Index Swap Agreements**		—		13,057,481		—		13,057,481
Forward Foreign Currency Exchange Contracts**		—		41,080,087		—		41,080,087
Total Assets	$	535,580,413	$	5,115,321,954	$	367,616,645	$	6,018,519,012

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Options Written	$	338,960	$	—	$	—	$	338,960
Commodity Futures Contracts**		784,580		—		—		784,580
Equity Index Swap Agreements**		—		5,204,981		—		5,204,981
Forward Foreign Currency Exchange Contracts**		—		15,552,207		—		15,552,207
Unfunded Loan Commitments (Note 5)		—		—		727,572		727,572
Total Liabilities	$	1,123,540	$	20,757,188	$	727,572	$	22,608,300

^** This derivative is reported as unrealized appreciation/depreciation at period end.

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of the period end, reverse repurchase agreements of $215,633,419 are categorized as Level 2 within the disclosure hierarchy — See Note 2.

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:

Category	Ending Balance at December 31, 2020		Valuation Technique	Unobservable Inputs	Input Range	Weighted Average*
Assets:
Asset-Backed Securities	$	86,344,662	Yield Analysis	Yield	2.0%-3.7%	3.0%
Asset-Backed Securities		30,895,031	Option Adjusted Spread off the prior month end broker quote	Broker Quote	—	—
Asset-Backed Securities		2,600,000	Model Price	Purchase Price	—	—
Collateralized Mortgage Obligations		11,516,761	Option Adjusted Spread off the prior month end broker quote	Broker Quote	—	—
Collateralized Mortgage Obligations		1,795	Model Price	Purchase Price	—	—
Common Stocks		2,018,411	Enterprise Value	Valuation Multiple	2.5x-19.2x	7.4x
Corporate Bonds		86,952,728	Option Adjusted Spread off the prior month end broker quote	Broker Quote	—	—
Corporate Bonds		8,121,600	Model Price	Purchase Price	—	—
Preferred Stocks		111,460	Yield Analysis	Yield	18.2%	—
Senior Fixed Rate Interests		4,413,442	Enterprise Value	Valuation Multiple	8.0x	—
Senior Fixed Rate Interests		3,080,740	Yield Analysis	Yield	5.3%	—
Senior Floating Rate Interests		83,692,765	Third Party Pricing	Broker Quote	—	—
Senior Floating Rate Interests		18,843,038	Yield Analysis	Yield	4.7%-8.2%	5.6%
Senior Floating Rate Interests		13,401,513	Option Adjusted Spread off the prior month end broker quote	Broker Quote	—	—
Senior Floating Rate Interests		10,862,380	Model Price	Market Comparable Yields	5.5%-5.9%	5.5%
Senior Floating Rate Interests		2,555,310	Model Price	Purchase Price	—	—
Senior Floating Rate Interests		2,205,009	Enterprise Value	Valuation Multiple	9.4x-19.2x	14.4x
Total Assets	$	367,616,645
Liabilities:
Unfunded Loan Commitments	$	727,572	Model Price	Purchase Price	—	—

* Inputs are weighted by the fair value of the instruments.

Significant changes in a quote, yield, market comparable yields, liquidation value or valuation multiples would generally result in significant changes in the fair value of the security.

The Fund’s fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level, if such a quote or price cannot be supported with other available market information.

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment’s valuation changes. For the period ended December 31, 2020, the Fund had securities with a total value of $101,269,775 transfer into Level 3 from Level 2 due to lack of observable inputs and had securities with a total value of $23,165,929 transfer into Level 2 from Level 3 due to the availability of current and reliable market-based data provided by a third-party pricing service which utilizes significant observable inputs.

Summary of Fair Value Level 3 Activity

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2020:

	Assets																							Liabilities
	Asset- Backed Securities			Collateralized Mortgage Obligations			Corporate Bonds			Senior Floating Rate Interests			Common Stocks			Preferred Stocks		Senior Fixed Rate Interests			Total Assets			Unfunded Loan Commitments
Beginning Balance	$	136,219,530		$	54,252,847		$	22,823,465		$	74,589,734		$	8,060,143		$	110,798	$	6,285,245		$	302,341,762		$	(1,311,693	)
Purchases/(Receipts)		-			1,828			31,350,000			44,145,316			-			-		276,125			75,773,269			(148,496	)
(Sales, maturities and paydowns)/Fundings		(33,708,584	)		(41,538,858	)		(35,573	)		(17,704,542	)		-			-		(7,533	)		(92,995,090	)		533,023
Amortization of premiums/discounts		1,890			(4,985	)		208			28,860			-			-		8,062			34,035			(11,375	)
Total realized gains (losses) included in earnings		-			(76	)		-			(11,601,897	)		-			-		(77	)		(11,602,050	)		32,780
Total change in unrealized appreciation (depreciation) included in earnings		2,197,365			(1,192,200	)		1,164,265			12,804,495			53,926			662		932,360			15,960,873			178,189
Transfers into Level 3		25,985,646			-			40,876,166			34,407,963			-			-		-			101,269,775			-
Transfers out of Level 3		(10,856,154	)		-			(1,104,203	)		(5,109,914	)		(6,095,658	)		-		-			(23,165,929	)		-
Ending Balance	$	119,839,693		$	11,518,556		$	95,074,328		$	131,560,015		$	2,018,411		$	111,460	$	7,494,182		$	367,616,645		$	(727,572	)
Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31, 2020	$	2,301,773		$	(818,431	)	$	1,159,509		$	(474,262	)	$	(6,071	)	$	662	$	(386,974	)	$	1,776,206		$	193,195

Step Coupon Bonds

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided.

Name	Coupon Rate at Next Reset Date	Next Rate Reset Date	Future Reset Rate(s)	Future Reset Date(s)
GAIA Aviation Ltd. 2019-1, 3.97% due 12/15/44	2.00%	11/15/26	—	—
Legacy Mortgage Asset Trust 2018-GS3, 4.00% due 06/25/58	7.00%	07/25/21	8.00%	07/26/22

Repurchase Agreements

The Fund may engage in repurchase agreements. Repurchase agreements are fixed income securities in the form of agreements backed by collateral. These agreements typically involve the acquisition by the Fund of securities from the selling institution coupled with the agreement that the selling institution will repurchase the underlying securities at a specified price and at a fixed time in the future. The Fund may accept a wide variety of underlying securities as collateral for the repurchase agreements entered into by the Fund. Any such securities serving as collateral are marked-to-market daily in order to maintain full collateralization.

In connection with transactions in repurchase agreements, it is the Fund’s policy that its custodian take possession of the underlying collateral. The collateral is in the possession of the Fund’s custodian and is evaluated to ensure that its market value exceeds, at a minimum, 102% of the original face amount of the repurchase agreements, subject to minimum amounts to initiate a margin call, with the exception of where securities are being sold short. The interest rate on repurchase agreements is market driven and based on the underlying collateral obtained.

The use of repurchase agreements involves certain risks. For example, if the selling institution defaults on its obligation to repurchase the underlying securities at a time when the value of securities has declined, the Fund may incur a loss upon disposition of them. In the event of an insolvency or bankruptcy by the selling institution, the Fund’s right to control the collateral could be affected and result in certain costs and delays. In addition, the Fund could incur a loss if the value of the underlying collateral falls below the agreed upon repurchase price.

At December 31, 2020, the repurchase agreements in the account were as follows:

Counterparty and Terms of Agreement	Face Value		Repurchase Price		Collateral	Par Value		Fair Value
J.P. Morgan Securities LLC					U.S. Treasury Strip
0.06%					0.00%
01/04/21	$	65,000,000	$	65,000,433	5/15/2024	$	66,869,862	$	66,300,466

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments, result in that company being considered an affiliated issuer, as defined in the 1940 Act.

Transactions during the period ended December 31, 2020, in which the company is an affiliated issuer, were as follows:

Security Name	Value 09/30/20		Additions		Reductions		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value 12/31/20		Shares 12/31/20		Investment Income		Capital Gain Distributions
Common Stocks
BP Holdco LLC*	$	13,236	$	–	$	–	$	–	$	–		$	13,236		37,539	$	–	$	–
Targus Group International Equity, Inc.*		26,242		–		–		–		(48	)		26,194		12,773		–		–
Closed-End Funds
Guggenheim Strategic Opportunities Fund		9,279,301		–		–		–		949,019			10,228,320		527,233		288,027		–
Mutual Funds
Guggenheim Alpha Opportunity Fund — Institutional Class		24,454,689		280,945		–		–		693,901			25,429,535		1,003,137		280,945		–
Guggenheim Risk Managed Real Estate Fund — Institutional Class		17,551,325		1,128,629		–		–		254,533			18,934,487		615,156		122,389		1,006,240
	$	51,324,793	$	1,409,574	$	–	$	–	$	1,897,405		$	54,631,772			$	691,361	$	1,006,240

^* Non-income producing security.

Market Neutral Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 57.5%
REITs - 54.0%
REITs-Diversified - 10.6%
Safehold, Inc.1		20,471	$	1,483,943
Gaming and Leisure Properties, Inc.1		34,770		1,474,248
Apartment Income REIT Corp.*		36,539		1,403,463
VICI Properties, Inc.1		44,142		1,125,621
American Tower Corp. — Class A		4,503		1,010,743
Colony Capital, Inc.		158,948		764,540
Total REITs-Diversified				7,262,558
REITs-Warehouse/Industries – 9.9%
Innovative Industrial Properties, Inc.1		9,224		1,689,191
Terreno Realty Corp.1		28,144		1,646,706
Prologis, Inc.		13,742		1,369,528
CyrusOne, Inc.		14,714		1,076,329
First Industrial Realty Trust, Inc.		25,128		1,058,643
Total REITsWarehouse/Industries				6,840,397
REITs-Health Care - 8.2%
Ventas, Inc.1		33,397		1,637,789
Sabra Health Care REIT, Inc.1		79,718		1,384,702
Welltower, Inc.		20,767		1,341,964
Healthpeak Properties, Inc.1		42,391		1,281,480
Total REITs-Health Care				5,645,935
REITs-Office Property - 8.0%
JBG SMITH Properties		43,877		1,372,034
Kilroy Realty Corp.1		23,056		1,323,414
Highwoods Properties, Inc.1		32,978		1,306,918
Boston Properties, Inc.		8,461		799,818
American Assets Trust, Inc.		23,167		669,063
Total REITs-Office Property				5,471,247
REITs-Apartments - 6.3%
Equity Residential		22,283		1,320,936
AvalonBay Communities, Inc.		8,072		1,294,991
UDR, Inc.		26,254		1,008,941
Invitation Homes, Inc.		23,002		683,159
Total REITs-Apartments				4,308,027
REITs-Manufactured Homes - 3.6%
Sun Communities, Inc.1		11,881		1,805,318
Equity LifeStyle Properties, Inc.		11,216		710,646
Total REITs-Manufactured Homes				2,515,964
REITs-Shopping Centers - 3.0%
Weingarten Realty Investors1		66,954		1,450,893
Urban Edge Properties		48,946		633,361
Total REITs-Shopping Centers				2,084,254
REITs-Single Tenant - 2.4%
NETSTREIT Corp.		49,625		967,191
National Retail Properties, Inc.		16,740		685,001
Total REITs-Single Tenant				1,652,192
REITs-Storage - 2.0%
Public Storage		5,989		1,383,040
Total REITs				37,163,614
Lodging - 3.5%
Casino Hotels - 3.5%
Wynn Resorts Ltd.		12,238		1,380,813
Las Vegas Sands Corp.1		17,278		1,029,769
Total Casino Hotels				2,410,582
Total Lodging				2,410,582
Total Common Stocks
(Cost $36,835,084)				39,574,196
MONEY MARKET FUND† - 49.1%
Goldman Sachs Financial Square Treasury Instruments Fund — Institutional Shares, 0.01%2		33,756,379		33,756,379
Total Money Market Fund
(Cost $33,756,379)				33,756,379
Total Investments - 106.6%
(Cost $70,591,463)			$	73,330,575
Other Assets & Liabilities, net - (6.6)%				(4,556,056	)
Total Net Assets - 100.0%			$	68,774,519

Custom Basket Swap Agreements
Counterparty	Reference Obligation	Financing Rate Receive	Payment Frequency	Maturity Date	Notional Amount		Value and Unrealized Depreciation
OTC Custom Basket Swap Agreements Sold Short ††
Goldman Sachs International	GS Equity Custom Basket	(0.11)% (Federal Funds Rate - 0.20%)	At Maturity	05/06/24	$	18,677,983	$	(1,103,600	)
Morgan Stanley Capital Services LLC	MS Equity Custom Basket	(0.21)% (Federal Funds Rate - 0.30%)	At Maturity	07/22/24		18,677,983		(1,108,118	)
					$	37,355,966	$	(2,211,718	)

Market Neutral Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

MS EQUITY SHORT CUSTOM BASKET
	Shares	Percentage Notional Amount	Value and Unrealized Appreciation (Depreciation)
Financial
Crown Castle International Corp.	3,104	(2.65)%	$	22,370
Omega Healthcare Investors, Inc.	18,151	(3.53)%		21,263
Equinix, Inc.	462	(1.77)%		13,529
PS Business Parks, Inc.	3,793	(2.70)%		11,159
Cousins Properties, Inc.	19,608	(3.52)%		9,212
Retail Opportunity Investments Corp.	25,171	(1.80)%		6,976
Duke Realty Corp.	17,059	(3.65)%		6,706
Mid-America Apartment Communities, Inc.	5,530	(3.75)%		5,088
American Campus Communities, Inc.	7,962	(1.82)%		4,150
Spirit Realty Capital, Inc.	8,437	(1.81)%		1,987
Camden Property Trust	6,892	(3.69)%		(1,150	)
Independence Realty Trust, Inc.	25,297	(1.82)%		(2,975	)
CoreSite Realty Corp.	4,197	(2.82)%		(4,080	)
Physicians Realty Trust	29,155	(2.78)%		(4,224	)
Brixmor Property Group, Inc.	21,319	(1.89)%		(5,327	)
Global Net Lease, Inc.	14,118	(1.30)%		(9,871	)
Life Storage, Inc.	5,806	(3.71)%		(11,562	)
American Homes 4 Rent — Class A	23,180	(3.72)%		(14,415	)
Easterly Government Properties, Inc.	18,352	(2.23)%		(15,592	)
Four Corners Property Trust, Inc.	8,893	(1.42)%		(21,770	)
Healthcare Trust of America, Inc. — Class A	19,754	(2.91)%		(24,369	)
Industrial Logistics Properties Trust	14,438	(1.80)%		(34,402	)
Hudson Pacific Properties, Inc.	14,688	(1.89)%		(36,138	)
Paramount Group, Inc.	44,362	(2.15)%		(48,057	)
Douglas Emmett, Inc.	11,781	(1.84)%		(61,849	)
Columbia Property Trust, Inc.	18,583	(1.43)%		(63,156	)
Essential Properties Realty Trust, Inc.	24,434	(2.77)%		(68,662	)
Washington Real Estate Investment Trust	27,858	(3.23)%		(70,060	)
VEREIT, Inc.	14,187	(2.87)%		(96,593	)
Kennedy-Wilson Holdings, Inc.	33,585	(3.22)%		(109,288	)
STORE Capital Corp.	16,648	(3.03)%		(136,552	)
Retail Properties of America, Inc. — Class A	69,134	(3.17)%		(192,025	)
Monmouth Real Estate Investment Corp.	58,970	(5.43)%		(196,255	)
Total Financial				(1,125,932	)
Exchange-Traded Funds
Vanguard Real Estate ETF	12,177	(5.54)%		40,486
Consumer, Cyclical
Hyatt Hotels Corp. — Class A	6,704	(2.67)%		(8,866	)
Choice Hotels International, Inc.	6,420	(3.67)%		(13,806	)
Total Consumer, Cyclical				(22,672	)
Total MS Equity Short Custom Basket			$	(1,108,118	)

Market Neutral Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

GS EQUITY SHORT CUSTOM BASKET
	Shares	Percentage Notional Amount	Value and Unrealized Appreciation (Depreciation)
Financial
Crown Castle International Corp.	3,104	(2.65)%	$	22,537
Omega Healthcare Investors, Inc.	18,151	(3.53)%		21,249
Equinix, Inc.	462	(1.77)%		12,670
PS Business Parks, Inc.	3,793	(2.70)%		10,394
Cousins Properties, Inc.	19,608	(3.52)%		9,199
Retail Opportunity Investments Corp.	25,171	(1.80)%		7,365
Duke Realty Corp.	17,059	(3.65)%		6,849
Mid-America Apartment Communities, Inc.	5,530	(3.75)%		5,300
American Campus Communities, Inc.	7,962	(1.82)%		4,281
Spirit Realty Capital, Inc.	8,437	(1.81)%		2,256
Camden Property Trust	6,892	(3.69)%		(1,094	)
Independence Realty Trust, Inc.	25,297	(1.82)%		(3,022	)
CoreSite Realty Corp.	4,197	(2.82)%		(4,012	)
Physicians Realty Trust	29,155	(2.78)%		(4,127	)
Brixmor Property Group, Inc.	21,319	(1.89)%		(5,129	)
Global Net Lease, Inc.	14,118	(1.30)%		(9,167	)
Life Storage, Inc.	5,806	(3.71)%		(11,427	)
American Homes 4 Rent — Class A	23,180	(3.72)%		(14,272	)
Easterly Government Properties, Inc.	18,352	(2.23)%		(15,552	)
Four Corners Property Trust, Inc.	8,893	(1.42)%		(21,649	)
Healthcare Trust of America, Inc. — Class A	19,754	(2.91)%		(24,211	)
Industrial Logistics Properties Trust	14,438	(1.80)%		(34,301	)
Hudson Pacific Properties, Inc.	14,688	(1.89)%		(35,788	)
Paramount Group, Inc.	44,362	(2.15)%		(47,709	)
Douglas Emmett, Inc.	11,781	(1.84)%		(61,752	)
Columbia Property Trust, Inc.	18,583	(1.43)%		(63,017	)
Essential Properties Realty Trust, Inc.	24,434	(2.77)%		(68,424	)
Washington Real Estate Investment Trust	27,858	(3.23)%		(69,575	)
VEREIT, Inc.	14,187	(2.87)%		(96,285	)
Kennedy-Wilson Holdings, Inc.	33,585	(3.22)%		(109,351	)
STORE Capital Corp.	16,648	(3.03)%		(136,515	)
Retail Properties of America, Inc. — Class A	69,134	(3.17)%		(191,511	)
Monmouth Real Estate Investment Corp.	58,970	(5.43)%		(195,669	)
Total Financial				(1,121,459	)
Consumer, Cyclical
Hyatt Hotels Corp. — Class A	6,704	(2.67)%		(8,962	)
Choice Hotels International, Inc.	6,420	(3.67)%		(13,739	)
Total Consumer, Cyclical				(22,701	)
Exchange-Traded Funds
Vanguard Real Estate ETF	12,177	(5.54)%		40,560
Total GS Equity Short Custom Basket			$	(1,103,600	)

Market Neutral Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is pledged as custom basket swap collateral at December 31, 2020.
2	Rate indicated is the 7-day yield as of December 31, 2020.

GS — Goldman Sachs International

MS — Morgan Stanley Capital Services LLC

REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at December 31, 2020 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	39,574,196	$	—	$	—	$	39,574,196
Money Market Fund		33,756,379		—		—		33,756,379
Total Assets	$	73,330,575	$	—	$	—	$	73,330,575

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Equity Custom Basket Swap Agreements**	$	—	$	2,211,718	$	—	$	2,211,718

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Municipal Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
EXCHANGE-TRADED FUNDS† - 3.8%
iShares Short-Term National Muni Bond ETF		26,950	$	2,913,565
Total Exchange-Traded Funds
(Cost $2,913,103)				2,913,565
CLOSED-END FUNDS† - 12.7%
BlackRock MuniEnhanced Fund, Inc.		66,207		793,160
BlackRock Municipal Income Quality Trust		52,126		790,752
BlackRock MuniVest Fund, Inc.		85,350		784,366
Nuveen California Quality Municipal Income Fund		49,986		757,788
DWS Municipal Income Trust		53,020		616,622
BlackRock MuniHoldings Investment Quality Fund		39,210		552,077
Eaton Vance Municipal Income Trust		40,499		541,877
Invesco Trust for Investment Grade Municipals		38,486		508,400
Nuveen AMT-Free Municipal Credit Income Fund		29,838		500,682
BNY Mellon Strategic Municipals, Inc.		57,486		488,056
Nuveen Quality Municipal Income Fund		30,461		468,185
Nuveen AMT-Free Quality Municipal Income Fund		29,451		444,710
Invesco Municipal Trust		34,522		442,572
BlackRock MuniYield Quality Fund, Inc.		25,824		426,096
Invesco Advantage Municipal Income Trust II		37,459		425,160
BlackRock MuniHoldings California Quality Fund, Inc.		22,663		339,945
BlackRock MuniYield California Quality Fund, Inc.		19,586		293,104
Nuveen California AMT-Free Quality Municipal Income Fund		18,593		293,026
Invesco Municipal Opportunity Trust		13,972		179,121
BlackRock Municipal Income Trust		9,687		149,858
Total Closed-End Funds
(Cost $9,085,413)				9,795,557
MONEY MARKET FUND† - 0.3%
Dreyfus AMT-Free Tax Exempt Cash Management Fund — Institutional Shares, 0.01%1		255,143		255,143
Total Money Market Fund
(Cost $255,143)				255,143
		Face Amount
MUNICIPAL BONDS†† - 81.9%
California - 24.1%
Stockton Unified School District General Obligation Unlimited
due 08/01/332	$	2,000,000		1,599,720
due 08/01/372		810,000		578,794
due 08/01/422		250,000		152,587
El Camino Healthcare District General Obligation Unlimited
due 08/01/292		2,500,000		2,250,375
City of Los Angeles Department of Airports Revenue Bonds
5.00% due 05/15/39		1,000,000		1,304,900
5.00% due 05/15/44		100,000		125,240
San Bernardino Community College District General Obligation Unlimited
4.00% due 08/01/49		1,000,000		1,149,320
Tustin Unified School District General Obligation Unlimited
6.00% due 08/01/21		1,000,000		1,033,740
Sierra Joint Community College District School Facilities District No. 1 General Obligation Unlimited
due 08/01/312		705,000		601,203
due 08/01/302		415,000		362,469
College of the Sequoias Tulare Area Improvement District No. 3 General Obligation Unlimited
due 08/01/423,4		1,000,000		955,080
Newport Mesa Unified School District General Obligation Unlimited
due 08/01/392		1,300,000		736,190
Sonoma Valley Unified School District General Obligation Unlimited
4.00% due 08/01/44		600,000		707,808
Compton Unified School District General Obligation Unlimited
due 06/01/402		1,000,000		575,730
Stockton Public Financing Authority Revenue Bonds
6.25% due 10/01/40		250,000		291,365
5.00% due 10/01/33		200,000		251,580
Los Angeles Department of Water & Power Power System Revenue Bonds
5.00% due 07/01/43		500,000		533,770
Kings Canyon Unified School District General Obligation Unlimited
5.00% due 08/01/28		445,000		533,168
San Diego Unified School District General Obligation Unlimited
due 07/01/392		1,000,000		520,290
Riverside County Public Financing Authority Tax Allocation
5.00% due 10/01/28		300,000		378,990
Sacramento Municipal Utility District Revenue Bonds
5.00% due 08/15/37		300,000		333,882

Municipal Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount		Value
MUNICIPAL BONDS†† - 81.9% (continued)
California - 24.1% (continued)
Oakland Unified School District/Alameda County General Obligation Unlimited
5.00% due 08/01/22	$	165,000	$	172,974
5.00% due 08/01/40		120,000		139,142
Delhi Unified School District General Obligation Unlimited
5.00% due 08/01/44		250,000		301,050
Riverside County Redevelopment Successor Agency Tax Allocation
due 10/01/373,4		250,000		284,978
Freddie Mac Multifamily ML Certificates Revenue Bonds
2.49% due 07/25/35		246,729		268,360
Gustine Unified School District General Obligation Unlimited
5.00% due 08/01/41		220,000		265,681
M-S-R Energy Authority Revenue Bonds
6.13% due 11/01/29		195,000		249,534
Alameda Corridor Transportation Authority Revenue Bonds
5.00% due 10/01/35		200,000		237,748
Upland Unified School District General Obligation Unlimited
due 08/01/382		400,000		231,568
Department of Veterans Affairs Veteran's Farm & Home Purchase Program Revenue Bonds
3.45% due 12/01/39		200,000		220,542
Stanton Redevelopment Agency Successor Agency Tax Allocation
5.00% due 12/01/40		180,000		217,067
Culver Redevelopment Agency Successor Agency Tax Allocation
due 11/01/232		195,000		191,966
Westside Elementary School District General Obligation Unlimited
5.00% due 08/01/48		155,000		189,979
Rio Hondo Community College District General Obligation Unlimited
due 08/01/292		200,000		179,266
Freddie Mac Multifamily VRD Certificates Revenue Bonds
2.40% due 10/15/29		150,000		161,238
Coast Community College District General Obligation Unlimited
due 08/01/402		250,000		147,522
Buena Park School District General Obligation Unlimited
5.00% due 08/01/47		100,000		120,570
Roseville Joint Union High School District General Obligation Unlimited
due 08/01/302		100,000		87,508
McKinleyville Union School District General Obligation Unlimited
due 08/01/212		40,000		3,724
Total California				18,646,618
Texas - 14.3%
Denton County Housing Finance Corp. Revenue Bonds
2.15% due 11/01/38		2,000,000		2,082,380
Central Texas Regional Mobility Authority Revenue Bonds
5.00% due 01/01/45		1,250,000		1,565,532
5.00% due 01/01/27		200,000		240,464
6.25% due 01/01/21		25,000		25,000
Ysleta Independent School District General Obligation Unlimited
4.00% due 08/15/52		1,400,000		1,676,626
Cleveland Independent School District General Obligation Unlimited
4.00% due 02/15/52		1,000,000		1,210,640
North Texas Tollway Authority Revenue Bonds
due 01/01/362		1,000,000		732,140
6.00% due 01/01/21		30,000		30,000
Central Texas Turnpike System Revenue Bonds
5.00% due 08/15/34		200,000		227,322
5.00% due 08/15/22		35,000		37,588
Bexar County Hospital District General Obligation Limited
5.00% due 02/15/32		200,000		255,886
United Independent School District General Obligation Unlimited
5.00% due 08/15/49		200,000		252,662
Lindale Independent School District General Obligation Unlimited
5.00% due 02/15/49		200,000		248,726
Clifton Higher Education Finance Corp. Revenue Bonds
4.00% due 08/15/33		200,000		244,104
Dallas Area Rapid Transit Revenue Bonds
5.00% due 12/01/41		200,000		239,408
Harris County-Houston Sports Authority Revenue Bonds
due 11/15/532		1,000,000		236,380

Municipal Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount		Value
MUNICIPAL BONDS†† - 81.9% (continued)
Texas - 14.3% (continued)
Bexar County Health Facilities Development Corp. Revenue Bonds
5.00% due 07/15/22	$	225,000	$	233,964
Arlington Higher Education Finance Corp. Revenue Bonds
5.00% due 12/01/46		200,000		221,618
Grand Parkway Transportation Corp. Revenue Bonds
5.00% due 10/01/43		175,000		219,448
Texas Tech University System Revenue Bonds
5.00% due 08/15/32		200,000		205,960
Texas Municipal Gas Acquisition and Supply Corporation I Revenue Bonds
6.25% due 12/15/26		155,000		186,003
City of Fort Worth Texas Water & Sewer System Revenue Bonds
5.00% due 02/15/32		100,000		128,419
Mansfield Independent School District General Obligation Unlimited
5.00% due 02/15/44		100,000		125,723
Hutto Independent School District General Obligation Unlimited
5.00% due 08/01/49		100,000		124,176
University of North Texas System Revenue Bonds
5.00% due 04/15/44		100,000		122,957
City of Arlington Texas Special Tax Revenue Special Tax
5.00% due 02/15/48		100,000		116,686
Manor Independent School District General Obligation Unlimited
5.00% due 08/01/21		20,000		20,352
Dallas Independent School District General Obligation Unlimited
5.00% (VRDN) due 02/15/225		15,000		15,649
Tarrant County Health Facilities Development Corp. Revenue Bonds
6.00% due 09/01/24		10,000		11,154
City of Austin Texas Water & Wastewater System Revenue Bonds
5.00% due 11/15/21		10,000		10,306
University of Houston Revenue Bonds
5.00% due 02/15/21		10,000		9,952
Leander Independent School District General Obligation Unlimited
due 08/15/222		5,000		3,071
due 08/15/242		5,000		2,899
San Antonio Water System Revenue Bonds
5.00% due 05/15/21		5,000		5,037
Total Texas				11,068,232
New York - 4.4%
New York City Water & Sewer System Revenue Bonds
5.00% due 06/15/49		1,000,000		1,278,940
New York State Dormitory Authority Revenue Bonds
5.00% due 10/01/41		350,000		353,710
4.00% due 08/01/43		250,000		291,437
5.00% due 05/01/21		5,000		5,079
5.00% due 02/15/21		5,000		4,977
New York City Industrial Development Agency Revenue Bonds
4.00% due 03/01/32		500,000		613,305
New York Transportation Development Corp. Revenue Bonds
5.00% due 12/01/22		250,000		270,137
5.00% due 07/01/34		200,000		221,150
New York State Urban Development Corp. Revenue Bonds
5.00% due 03/15/35		250,000		284,050
New York Power Authority Revenue Bonds
4.00% due 11/15/45		100,000		118,970
Total New York				3,441,755
Michigan - 3.5%
Detroit Wayne County Stadium Authority Revenue Bonds
5.00% due 10/01/26		1,000,000		1,073,270
Detroit City School District General Obligation Unlimited
5.00% due 05/01/32		500,000		529,410
5.00% due 05/01/30		300,000		317,811
Michigan State Hospital Finance Authority Revenue Bonds
5.00% due 11/15/47		200,000		243,446
Michigan State Housing Development Authority Revenue Bonds
3.35% due 12/01/34		200,000		221,926
City of Detroit Michigan Water Supply System Revenue Bonds
5.00% due 07/01/21		200,000		204,768
Flint Hospital Building Authority Revenue Bonds
5.00% due 07/01/25		100,000		114,769
Total Michigan				2,705,400
Colorado - 2.9%
E-470 Public Highway Authority Revenue Bonds
5.00% due 09/01/36		650,000		859,131

Municipal Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount		Value
MUNICIPAL BONDS†† - 81.9% (continued)
Colorado - 2.9% (continued)
Auraria Higher Education Center Revenue Bonds
5.00% due 04/01/28	$	390,000	$	461,452
City & County of Denver Colorado Airport System Revenue Bonds
5.00% due 12/01/28		200,000		256,758
Board of Governors of Colorado State University System Revenue Bonds
5.00% due 03/01/41		200,000		239,190
City & County of Denver Colorado Revenue Bonds
due 08/01/302		200,000		162,654
Colorado Educational & Cultural Facilities Authority Revenue Bonds
5.00% due 03/01/47		110,000		128,372
Colorado School of Mines Revenue Bonds
5.00% due 12/01/47		100,000		118,503
Total Colorado				2,226,060
Oregon - 2.8%
Clackamas & Washington Counties School District No. 3 General Obligation Unlimited
due 06/15/482		2,000,000		938,900
due 06/15/502		400,000		175,060
due 06/15/492		350,000		158,753
Salem-Keizer School District No. 24J General Obligation Unlimited
due 06/15/402		1,250,000		803,463
University of Oregon Revenue Bonds
5.00% due 04/01/48		100,000		123,438
Total Oregon				2,199,614
Ohio - 2.8%
Dayton-Montgomery County Port Authority Revenue Bonds
1.84% due 09/01/38		1,600,000		1,609,456
County of Miami Ohio Revenue Bonds
5.00% due 08/01/33		200,000		251,978
American Municipal Power, Inc. Revenue Bonds
5.00% due 02/15/41		200,000		234,074
City of Middleburg Heights Ohio Revenue Bonds
5.00% due 08/01/22		15,000		15,992
Ohio Higher Educational Facility Commission Revenue Bonds
5.00% due 01/01/22		15,000		15,562
State of Ohio Revenue Bonds
4.63% due 01/01/21		5,000		4,950
Total Ohio				2,132,012
Washington - 2.6%
Greater Wenatchee Regional Events Center Public Facilities District Revenue Bonds
5.00% due 09/01/27		500,000		515,685
5.25% due 09/01/32		500,000		514,255
Yakima & Kittitas Counties School District No. 119 Selah General Obligation Unlimited
5.00% due 12/01/42		200,000		248,496
County of King Washington Sewer Revenue Bonds
5.00% due 07/01/42		200,000		247,186
Central Puget Sound Regional Transit Authority Revenue Bonds
5.00% due 11/01/41		200,000		244,364
Washington State Convention Center Public Facilities District Revenue Bonds
5.00% due 07/01/48		200,000		233,552
Washington Health Care Facilities Authority Revenue Bonds
5.00% due 02/01/21		35,000		35,120
Total Washington				2,038,658
Arizona - 2.6%
Arizona Industrial Development Authority Revenue Bonds
2.12% due 07/01/37		1,192,783		1,222,912
Maricopa County Industrial Development Authority Revenue Bonds
5.00% due 01/01/41		250,000		308,932
Salt Verde Financial Corp. Revenue Bonds
5.00% due 12/01/32		200,000		268,892
Pinal County Elementary School District No. 4 Casa Grande General Obligation Unlimited
5.00% due 07/01/37		100,000		126,849
Industrial Development Authority of the County of Pima Revenue Bonds
7.13% due 06/01/21		75,000		77,050
Total Arizona				2,004,635
District of Columbia - 2.5%
District of Columbia Revenue Bonds
4.00% due 03/01/39		1,000,000		1,215,430
5.00% due 04/01/21		25,000		25,290
6.25% due 04/01/21		5,000		5,023

Municipal Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount		Value
MUNICIPAL BONDS†† - 81.9% (continued)
District of Columbia - 2.5% (continued)
District of Columbia General Obligation Unlimited
5.00% due 06/01/41	$	285,000	$	345,936
5.00% due 06/01/32		275,000		316,187
Total District of Columbia				1,907,866
Georgia - 2.0%
Private Colleges & Universities Authority Revenue Bonds
5.00% due 09/01/48		1,000,000		1,276,550
Savannah Economic Development Authority Revenue Bonds
5.00% due 12/01/28		200,000		238,172
due 12/01/212		20,000		19,758
Richmond County Development Authority Revenue Bonds
due 12/01/212		10,000		9,881
Total Georgia				1,544,361
Pennsylvania - 1.8%
Pennsylvania Economic Development Financing Authority Revenue Bonds
5.00% due 02/01/27		500,000		578,430
Reading School District General Obligation Unlimited
5.00% due 02/01/27		300,000		355,398
Pittsburgh Water & Sewer Authority Revenue Bonds
5.25% due 09/01/36		300,000		336,756
Allegheny County Hospital Development Authority Revenue Bonds
5.00% due 07/15/32		100,000		130,385
Township of Cheltenham Pennsylvania General Obligation Unlimited
3.00% due 07/01/21		10,000		10,035
City of Erie Pennsylvania General Obligation Unlimited
3.10% due 11/15/22		5,000		5,211
Armstrong School District General Obligation Limited
6.95% due 03/15/21		5,000		5,065
Total Pennsylvania				1,421,280
Illinois - 1.8%
City of Chicago Illinois Wastewater Transmission Revenue Bonds
5.25% due 01/01/42		400,000		487,416
Chicago O'Hare International Airport Revenue Bonds
5.00% due 01/01/34		300,000		345,030
Metropolitan Water Reclamation District of Greater Chicago General Obligation Unlimited
5.00% due 12/01/25		200,000		243,056
University of Illinois Revenue Bonds
6.00% due 10/01/29		200,000		223,324
Cook County School District No. 104 Summit General Obligation Unlimited
due 12/01/222		100,000		99,317
Boone McHenry & DeKalb Counties Community Unit School District 100 General Obligation Unlimited
due 12/01/212		10,000		9,867
Total Illinois				1,408,010
Louisiana - 1.4%
Louisiana Local Government Environmental Facilities & Community Development Authority Revenue Bonds
5.00% due 10/01/37		500,000		575,435
5.00% due 10/01/26		150,000		183,366
City of Shreveport Louisiana Water & Sewer Revenue Bonds
5.00% due 12/01/35		250,000		313,960
State Tammany Parish Hospital Service District No. 2 General Obligation Unlimited
4.50% due 03/01/21		10,000		9,965
Louisiana Public Facilities Authority Revenue Bonds
5.00% due 05/15/26		5,000		6,136
Total Louisiana				1,088,862
North Carolina - 1.2%
North Carolina Turnpike Authority Revenue Bonds
5.00% due 01/01/27		300,000		371,175
North Carolina Central University Revenue Bonds
5.00% due 04/01/44		300,000		363,261
County of New Hanover North Carolina Revenue Bonds
5.00% due 10/01/22		150,000		161,862
North Carolina Eastern Municipal Power Agency Revenue Bonds
4.50% due 01/01/22		15,000		15,011
North Carolina Medical Care Commission Revenue Bonds
6.63% due 07/01/21		10,000		10,210
Total North Carolina				921,519
West Virginia - 1.2%
West Virginia Higher Education Policy Commission Revenue Bonds
5.00% due 04/01/29		500,000		527,770

Municipal Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount		Value
MUNICIPAL BONDS†† - 81.9% (continued)
West Virginia - 1.2% (continued)
West Virginia Hospital Finance Authority Revenue Bonds
5.00% due 06/01/42	$	300,000	$	360,132
Total West Virginia				887,902
New Jersey - 1.0%
New Jersey Turnpike Authority Revenue Bonds
5.00% due 01/01/31		300,000		380,709
New Jersey Economic Development Authority Revenue Bonds
5.00% due 06/01/28		250,000		308,707
5.00% due 03/01/21		10,000		9,975
North Hudson Sewerage Authority Revenue Bonds
due 12/15/212		50,000		49,854
New Jersey Health Care Facilities Financing Authority Revenue Bonds
5.25% due 07/01/21		35,000		35,868
New Jersey Transportation Trust Fund Authority Revenue Bonds
5.50% due 06/15/21		20,000		20,271
Total New Jersey				805,384
Virginia - 1.0%
Virginia College Building Authority Revenue Bonds
5.00% due 02/01/25		250,000		298,195
University of Virginia Revenue Bonds
5.00% due 04/01/38		200,000		248,780
Loudoun County Economic Development Authority Revenue Bonds
due 07/01/492		500,000		210,355
City of Norfolk Virginia General Obligation Unlimited
2.50% due 10/01/464		5,000		5,149
Total Virginia				762,479
Mississippi - 1.0%
Mississippi Development Bank Revenue Bonds
6.50% due 10/01/31		500,000		508,785
6.25% due 10/01/26		230,000		233,627
Total Mississippi				742,412
Oklahoma - 0.9%
Oklahoma Development Finance Authority Revenue Bonds
5.00% due 08/15/28		350,000		433,443
Oklahoma City Airport Trust Revenue Bonds
5.00% due 07/01/30		200,000		249,510
Oklahoma Turnpike Authority Revenue Bonds
5.00% due 01/01/21		10,000		9,900
Total Oklahoma				692,853
Arkansas - 0.8%
County of Baxter Arkansas Revenue Bonds
5.00% due 09/01/26		330,000		379,969
University of Arkansas Revenue Bonds
5.00% due 11/01/47		200,000		243,416
Total Arkansas				623,385
Puerto Rico - 0.8%
Puerto Rico Highway & Transportation Authority Revenue Bonds
5.25% due 07/01/41		250,000		301,188
Puerto Rico Public Buildings Authority Revenue Bonds
6.00% due 07/01/23		250,000		263,012
Commonwealth of Puerto Rico General Obligation Unlimited
5.25% due 07/01/24		45,000		45,870
Total Puerto Rico				610,070
Nebraska - 0.6%
Central Plains Energy Project Revenue Bonds
5.00% due 09/01/29		200,000		257,754
Nebraska Investment Finance Authority Revenue Bonds
3.40% due 09/01/39		200,000		217,924
Total Nebraska				475,678
Alaska - 0.4%
University of Alaska Revenue Bonds
5.00% due 10/01/40		260,000		292,425
Nevada - 0.4%
Las Vegas Valley Water District General Obligation Ltd.
5.00% due 06/01/27		230,000		275,738
Massachusetts - 0.3%
Massachusetts Development Finance Agency Revenue Bonds
5.00% due 10/01/34		150,000		197,389
5.00% due 04/01/21		55,000		55,595
3.00% due 10/01/21		15,000		15,167
Total Massachusetts				268,151
South Carolina - 0.3%
Charleston County Airport District Revenue Bonds
5.00% due 07/01/43		200,000		246,930
Indiana - 0.3%
Indiana Finance Authority Revenue Bonds
5.00% due 10/01/41		100,000		119,920
5.13% due 03/01/21		60,000		60,460
5.00% due 03/01/21		10,000		9,975

Municipal Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount		Value
MUNICIPAL BONDS†† - 81.9% (continued)
Indiana - 0.3% (continued)
Jeffersonville Housing, Inc. Revenue Bonds
7.25% due 11/15/21	$	50,000	$	52,891
Total Indiana				243,246
Vermont - 0.3%
Vermont Educational & Health Buildings Financing Agency Revenue Bonds
5.00% due 12/01/46		200,000		232,272
Tennessee - 0.3%
Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Revenue Bonds
2.48% due 12/01/37		200,000		212,250
Tennessee Housing Development Agency Revenue Bonds
4.00% due 01/01/21		5,000		4,950
Total Tennessee				217,200
South Dakota - 0.2%
South Dakota Board of Regents Housing & Auxiliary Facilities System Revenue Bonds
5.00% due 04/01/34		150,000		185,796
Kansas - 0.2%
University of Kansas Hospital Authority Revenue Bonds
5.00% due 09/01/48		100,000		124,082
Riley County Unified School District No. 383 Manhattan-Ogden General Obligation Unlimited
due 09/01/212		25,000		16,391
Total Kansas				140,473
Idaho - 0.2%
Idaho Housing & Finance Association Revenue Bonds
5.00% due 07/15/30		100,000		131,984
Florida - 0.2%
Greater Orlando Aviation Authority Revenue Bonds
5.00% due 10/01/32		100,000		129,390
Rhode Island - 0.2%
Rhode Island Health and Educational Building Corp. Revenue Bonds
5.00% due 05/15/42		100,000		125,939
Utah - 0.2%
South Davis Metro Fire Service Area Revenue Bonds
5.00% due 12/01/34		100,000		124,629
Iowa - 0.2%
PEFA, Inc. Revenue Bonds
5.00% (VRDN) due 09/01/495		100,000		122,534
Montana - 0.2%
Montana State Board of Regents Revenue Bonds
5.00% due 11/15/43		100,000		118,971
Alabama - 0.0%
Saraland Public Educational Building Authority Revenue Bonds
4.25% due 06/01/21		30,000		30,486
Phenix City Public Building Authority Revenue Bonds
4.38% due 04/01/21		5,000		5,001
Total Alabama				35,487
New Mexico - 0.0%
City of Albuquerque New Mexico Revenue Bonds
5.00% due 07/01/25		30,000		34,068
Total New Mexico				34,068
Maryland - 0.0%
Maryland Health & Higher Educational Facilities Authority Revenue Bonds
4.25% due 07/01/22		10,000		10,479
4.00% due 07/01/22		10,000		10,442
5.00% due 07/01/27		5,000		5,788
Total Maryland				26,709
Missouri - 0.0%
Joplin Industrial Development Authority Revenue Bonds
5.00% due 02/15/21		15,000		14,930
Kentucky - 0.0%
City of Pikeville Kentucky Revenue Bonds
6.25% due 03/01/21		5,000		4,997
6.00% due 03/01/21		5,000		4,995
Total Kentucky				9,992
Total Municipal Bonds
(Cost $59,697,459)				63,331,909
U.S. TREASURY BILLS†† - 0.6%
U.S. Treasury Bills
0.07% due 01/26/216		500,000		499,985
Total U.S. Treasury Bills
(Cost $499,975)				499,985
Total Investments - 99.3%
(Cost $72,451,093)			$	76,796,159
Other Assets & Liabilities, net - 0.7%				575,018
Total Net Assets - 100.0%			$	77,371,177

Municipal Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Centrally Cleared Interest Rate Swap Agreements††
Counterparty	Exchange	Floating Rate Type	Floating Rate Index	Fixed Rate	Payment Frequency	Maturity Date	Notional Amount		Value		Upfront Premiums Paid		Unrealized Appreciation**
BofA Securities, Inc.	CME	Receive	3-Month USD LIBOR	1.21%	Quarterly	11/24/50	$	1,600,000	$	91,476	$	327	$	91,149
BofA Securities, Inc.	CME	Receive	3-Month USD LIBOR	1.28%	Quarterly	11/04/50		1,200,000		49,035		319		48,716
									$	140,511	$	646	$	139,865

**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Rate indicated is the 7-day yield as of December 31, 2020.
2	Zero coupon rate security.
3	Security has no current coupon. However, a coupon rate will come into effect at a future rate reset date.
4	Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2020. See table below for additional step information for each security.
5	The rate is adjusted periodically by the counterparty, allows the holder to tender the security upon a rate reset, and is not based upon a set reference rate and spread. Rate indicated is the rate effective at December 31, 2020.
6	Rate indicated is the effective yield at the time of purchase.

BofA — Bank of America

CME — Chicago Mercantile Exchange

LIBOR — London Interbank Offered Rate

VRDN — Variable Rate Demand Note

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at December 31, 2020 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Exchange-Traded Funds	$	2,913,565	$	—	$	—	$	2,913,565
Closed-End Funds		9,795,557		—		—		9,795,557
Money Market Fund		255,143		—		—		255,143
Municipal Bonds		—		63,331,909		—		63,331,909
U.S. Treasury Bills		—		499,985		—		499,985
Interest Rate Swap Agreements**		—		139,865		—		139,865
Total Assets	$	12,964,265	$	63,971,759	$	—	$	76,936,024

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Step Coupon Bonds

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, none are scheduled to decrease.

Name	Coupon Rate at Next Reset Date	Next Rate Reset Date	Future Reset Rate(s)	Future Reset Date(s)
City of Norfolk Virginia General Obligation Unlimited, 2.50% due 10/01/46	3.00%	10/01/22	3.75% - 5.00%%	10/01/26 - 10/01/41
College of the Sequoias Tulare Area Improvement District No. 3 General Obligation Unlimited, due 08/01/42	6.85%	08/01/32	—	—
Riverside County Redevelopment Successor Agency Tax Allocation, due 10/01/37	5.00%	10/01/21	—	—

Risk Managed Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 98.0%
REITs - 97.9%
REITs-Diversified - 20.2%
Equinix, Inc.1,2		30,038	$	21,452,539
Digital Realty Trust, Inc.1		93,049		12,981,266
Safehold, Inc.		104,545		7,578,467
VICI Properties, Inc.		280,259		7,146,604
Gaming and Leisure Properties, Inc.1		157,567		6,680,841
WP Carey, Inc.1		61,248		4,322,884
Colony Capital, Inc.*		582,101		2,799,906
Duke Realty Corp.1		59,413		2,374,738
CoreSite Realty Corp.1		13,971		1,750,287
Apartment Income REIT Corp.*		26,334		1,011,489
American Tower Corp. — Class A		631		141,634
Total REITs-Diversified				68,240,655
REITs-Warehouse/Industries - 14.6%
Prologis, Inc.1		248,763		24,791,721
Innovative Industrial Properties, Inc.		26,855		4,917,956
CyrusOne, Inc.1		58,897		4,308,316
Terreno Realty Corp.1		69,600		4,072,296
Rexford Industrial Realty, Inc.1		77,848		3,823,115
First Industrial Realty Trust, Inc.		66,892		2,818,160
Americold Realty Trust1		74,628		2,785,863
EastGroup Properties, Inc.		13,980		1,930,079
Total REITs-Warehouse/Industries				49,447,506
REITs-Apartments - 14.1%
AvalonBay Communities, Inc.1		65,237		10,465,972
Equity Residential		171,950		10,193,196
Invitation Homes, Inc.1		261,570		7,768,629
UDR, Inc.		168,618		6,479,990
Essex Property Trust, Inc.		26,756		6,352,409
American Homes 4 Rent — Class A1		93,454		2,803,620
Mid-America Apartment Communities, Inc.		21,992		2,786,166
Camden Property Trust1		9,392		938,449
Total REITs-Apartments				47,788,431
REITs-Health Care - 13.4%
Welltower, Inc.1		188,562		12,184,876
Ventas, Inc.1		215,160		10,551,446
Healthpeak Properties, Inc.1		312,658		9,451,651
Sabra Health Care REIT, Inc.1		295,037		5,124,793
Medical Properties Trust, Inc.1		194,424		4,236,499
Omega Healthcare Investors, Inc.		107,175		3,892,596
Total REITs-Health Care				45,441,861
REITs-Office Property - 9.5%
Alexandria Real Estate Equities, Inc.1,2		43,816		7,808,888
Boston Properties, Inc.1		73,126		6,912,601
Cousins Properties, Inc.		151,982		5,091,397
Highwoods Properties, Inc.1		116,219		4,605,759
Kilroy Realty Corp.		69,896		4,012,030
SL Green Realty Corp.		29,029		1,729,548
VEREIT, Inc.2		31,597		1,194,035
Douglas Emmett, Inc.1		13,937		406,682
JBG SMITH Properties		6,216		194,374
American Assets Trust, Inc.		3,312		95,651
Total REITs-Office Property				32,050,965
REITs-Storage - 8.3%
Public Storage1		47,969		11,077,481
Extra Space Storage, Inc.1		57,893		6,707,483
Iron Mountain, Inc.		163,701		4,825,905
Life Storage, Inc.1		27,441		3,276,181
CubeSmart1		68,539		2,303,596
Total REITs-Storage				28,190,646
REITs-Single Tenant - 4.7%
Realty Income Corp.1		128,771		8,005,693
National Retail Properties, Inc.		106,814		4,370,829
Spirit Realty Capital, Inc.		82,595		3,317,841
NETSTREIT Corp.		7,019		136,800
Total REITs-Single Tenant				15,831,163
REITs-Shopping Centers - 4.5%
Regency Centers Corp.		100,578		4,585,351
Kimco Realty Corp.		248,190		3,725,332
Weingarten Realty Investors		171,806		3,723,036
Brixmor Property Group, Inc.		109,045		1,804,695
Urban Edge Properties		101,630		1,315,092
Total REITs-Shopping Centers				15,153,506
REITs-Hotels - 3.4%
MGM Growth Properties LLC — Class A		80,234		2,511,324
Sunstone Hotel Investors, Inc.		150,019		1,699,715
Park Hotels & Resorts, Inc.		94,350		1,618,102
Pebblebrook Hotel Trust		84,152		1,582,058
Xenia Hotels & Resorts, Inc.*		93,769		1,425,289
DiamondRock Hospitality Co.*		170,511		1,406,716
Host Hotels & Resorts, Inc.		83,944		1,228,101
Total REITs-Hotels				11,471,305
REITs-Manufactured Homes - 2.8%
Sun Communities, Inc.1		36,424		5,534,627
Equity LifeStyle Properties, Inc.		64,446		4,083,299
Total REITs-Manufactured Homes				9,617,926
REITs-Regional Malls - 2.4%
Simon Property Group, Inc.		94,560		8,064,077
Total REITs				331,298,041
Lodging - 0.1%
Casino Hotels - 0.1%
Wynn Resorts Ltd.		1,733		195,534
Las Vegas Sands Corp.		2,442		145,543
Total Casino Hotels				341,077
Total Lodging				341,077
Total Common Stocks
(Cost $303,150,498)				331,639,118
MONEY MARKET FUND† - 3.6%
Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 0.01%3		12,040,155		12,040,155
Total Money Market Fund
(Cost $12,040,155)				12,040,155
Total Investments - 101.6%
(Cost $315,190,653)			$	343,679,273

Risk Managed Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS SOLD SHORT† - (1.8)%
Real Estate - (0.1)%
Real Estate Oper/Develop - (0.1)%
Kennedy-Wilson Holdings, Inc.		9,602	$	(171,780	)
Lodging - (0.1)%
Hotels & Motels - (0.1)%
Hyatt Hotels Corp. — Class A		1,900		(141,075	)
Choice Hotels International, Inc.		1,836		(195,956	)
Total Hotels & Motels				(337,031	)
Total Lodging				(337,031	)
REITs - (1.5)%
REITs-Storage - (0.1)%
Life Storage, Inc.1		1,629		(194,486	)
REITs-Shopping Centers - (0.1)%
Retail Opportunity Investments Corp.		7,210		(96,542	)
Brixmor Property Group, Inc.		6,127		(101,402	)
Retail Properties of America, Inc. — Class A		19,608		(167,845	)
Total REITs-Shopping Centers				(365,789	)
REITs-Warehouse/Industries - (0.1)%
Industrial Logistics Properties Trust		4,073		(94,860	)
Monmouth Real Estate Investment Corp.		16,622		(287,893	)
Total REITsWarehouse/Industries				(382,753	)
REITs-Single Tenant - (0.1)%
Four Corners Property Trust, Inc.		2,522		(75,080	)
Spirit Realty Capital, Inc.		2,361		(94,841	)
Essential Properties Realty Trust, Inc.		6,909		(146,471	)
STORE Capital Corp.		4,716		(160,250	)
Total REITs-Single Tenant				(476,642	)
REITs-Health Care - (0.1)%
Physicians Realty Trust		8,244		(146,743	)
Healthcare Trust of America, Inc. — Class A		5,596		(154,114	)
Omega Healthcare Investors, Inc.		5,154		(187,193	)
Total REITs-Health Care				(488,050	)
REITs-Apartments - (0.2)%
American Campus Communities, Inc.		2,242		(95,890	)
Independence Realty Trust, Inc.		7,158		(96,132	)
Camden Property Trust1		1,939		(193,745	)
American Homes 4 Rent — Class A1		6,548		(196,440	)
Mid-America Apartment Communities, Inc.		1,560		(197,636	)
Total REITs-Apartments				(779,843	)
REITs-Office Property - (0.3)%
Columbia Property Trust, Inc.		5,238		(75,113	)
Douglas Emmett, Inc.1		3,305		(96,440	)
Hudson Pacific Properties, Inc.		4,175		(100,284	)
Paramount Group, Inc.		12,609		(113,985	)
Easterly Government Properties, Inc.		5,165		(116,987	)
VEREIT, Inc.		3,982		(150,480	)
Cousins Properties, Inc.1		5,598		(187,533	)
Total REITs-Office Property				(840,822	)
REITs-Diversified - (0.6)%
Equinix, Inc.1		129		(92,129	)
Global Net Lease, Inc.		6,858		(117,546	)
Crown Castle International Corp.		874		(139,132	)
PS Business Parks, Inc.		1,069		(142,038	)
CoreSite Realty Corp.1		1,170		(146,578	)
Washington Real Estate Investment Trust		7,874		(170,315	)
Duke Realty Corp.1		4,799		(191,816	)
Digital Realty Trust, Inc.1		6,722		(937,786	)
Total REITs-Diversified				(1,937,340	)
Total REITS				(5,465,725	)
Total Common Stocks Sold Short
(Proceeds $5,625,789)				(5,974,536	)
EXCHANGE-TRADED FUNDS SOLD SHORT† - (0.1)%
Vanguard Real Estate ETF		3,438		(291,989	)
Total Exchange-Traded Funds Sold Short
(Proceeds $287,505)				(291,989	)
Total Securities Sold Short - (1.8)%
(Proceeds $5,913,294)			$	(6,266,525	)
Other Assets & Liabilities, net - 0.3%				1,150,511
Total Net Assets - 100.0%			$	338,563,259

Custom Basket Swap Agreements
Counterparty	Reference Obligation	Financing Rate Pay (Receive)	Payment Frequency	Maturity Date	Notional Amount		Value and Unrealized Appreciation (Depreciation)
OTC Custom Basket Swap Agreements ††
Morgan Stanley Capital Services LLC	MS Equity Custom Basket	0.49% (Federal Funds Rate + 0.40%)	At Maturity	06/12/24	$	28,992,470	$	2,412,920

Risk Managed Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Counterparty	Reference Obligation	Financing Rate Pay (Receive)	Payment Frequency	Maturity Date	Notional Amount		Value and Unrealized Appreciation (Depreciation)
OTC Custom Basket Swap Agreements †† (continued)
Goldman Sachs International	GS Equity Custom Basket	0.54% (Federal Funds Rate + 0.45%)	At Maturity	05/06/24	$	28,978,572	$	2,412,854
Goldman Sachs International	GS Equity Custom Basket	0.54% (Federal Funds Rate + 0.45%)	At Maturity	05/06/24		443		9
Morgan Stanley Capital Services LLC	MS Equity Custom Basket	0.49% (Federal Funds Rate + 0.40%)	At Maturity	10/22/25		444		9
					$	57,971,929	$	4,825,792
OTC Custom Basket Swap Agreements Sold Short ††
Goldman Sachs International	GS Equity Custom Basket	(0.11)% (Federal Funds Rate - 0.20%)	At Maturity	05/06/24	$	27,352,406	$	(1,571,525	)
Morgan Stanley Capital Services LLC	MS Equity Custom Basket	(0.21)% (Federal Funds Rate - 0.30%)	At Maturity	06/12/24		27,364,267		(1,578,691	)
					$	54,716,673	$	(3,150,216	)

MS EQUITY LONG CUSTOM BASKET
	Shares	Percentage Notional Amount	Value and Unrealized Appreciation
Financial
Equity LifeStyle Properties, Inc.	7	100.00%	$	9
Total MS Equity Long Custom Basket			$	9

Risk Managed Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

MS EQUITY LONG CUSTOM BASKET
	Shares	Percentage Notional Amount	Value and Unrealized Appreciation (Depreciation)
Financial
Innovative Industrial Properties, Inc.	6,829	4.31%	$	657,946
Safehold, Inc.	14,952	3.74%		636,651
Kilroy Realty Corp.	16,917	3.35%		167,937
Ventas, Inc.	24,387	4.12%		164,897
Weingarten Realty Investors	49,562	3.70%		162,322
Sun Communities, Inc.	8,650	4.53%		134,640
Gaming and Leisure Properties, Inc.	25,350	3.71%		128,286
Terreno Realty Corp.	20,469	4.13%		120,283
Sabra Health Care REIT, Inc.	58,547	3.51%		98,896
Colony Capital, Inc.	116,744	1.94%		65,269
NETSTREIT Corp.	36,400	2.45%		63,355
VICI Properties, Inc.	32,522	2.86%		48,410
Healthpeak Properties, Inc.	31,320	3.27%		39,798
CyrusOne, Inc.	10,837	2.73%		31,568
Equity LifeStyle Properties, Inc.	8,272	1.81%		23,838
Public Storage	4,392	3.50%		15,137
Invitation Homes, Inc.	16,961	1.74%		12,320
First Industrial Realty Trust, Inc.	18,321	2.66%		12,278
JBG SMITH Properties	32,239	3.48%		11,243
Welltower, Inc.	15,317	3.41%		6,006
National Retail Properties, Inc.	12,287	1.73%		3,953
Apartment Income REIT Corp.	26,301	3.48%		(1,126	)
UDR, Inc.	19,109	2.53%		(6,282	)
Prologis, Inc.	10,077	3.46%		(6,344	)
American Assets Trust, Inc.	17,178	1.71%		(13,872	)
Urban Edge Properties	34,690	1.55%		(17,055	)
Boston Properties, Inc.	6,178	2.01%		(20,462	)
American Tower Corp. — Class A	3,273	2.53%		(21,181	)
Equity Residential	16,266	3.33%		(38,880	)
Highwoods Properties, Inc.	24,446	3.34%		(43,881	)
AvalonBay Communities, Inc.	5,885	3.28%		(59,500	)
Total Financial				2,376,450
Consumer, Cyclical
Las Vegas Sands Corp.	12,667	2.60%		24,389
Wynn Resorts Ltd.	8,988	3.50%		12,081
Total Consumer, Cyclical				36,470
Total MS Equity Long Custom Basket			$	2,412,920

MS EQUITY SHORT CUSTOM BASKET
	Shares	Percentage Notional Amount	Value and Unrealized Appreciation (Depreciation)
Financial
Crown Castle International Corp.	4,530	(2.64)%	$	32,763
Omega Healthcare Investors, Inc.	26,728	(3.55)%		31,237
Equinix, Inc.	665	(1.74)%		20,483
PS Business Parks, Inc.	5,541	(2.69)%		16,907
Cousins Properties, Inc.	29,029	(3.55)%		13,965
Retail Opportunity Investments Corp.	37,386	(1.83)%		10,451
Duke Realty Corp.	24,886	(3.64)%		9,676
Mid-America Apartment Communities, Inc.	8,087	(3.74)%		8,192
American Campus Communities, Inc.	11,623	(1.82)%		6,620
Spirit Realty Capital, Inc.	12,243	(1.80)%		2,902
Camden Property Trust	10,052	(3.67)%		(2,392	)
Independence Realty Trust, Inc.	37,120	(1.82)%		(4,232	)
CoreSite Realty Corp.	6,066	(2.78)%		(5,091	)
Physicians Realty Trust	42,752	(2.78)%		(6,028	)
Brixmor Property Group, Inc.	31,771	(1.92)%		(8,521	)
Global Net Lease, Inc.	20,115	(1.26)%		(15,230	)
Life Storage, Inc.	8,451	(3.69)%		(17,333	)
American Homes 4 Rent — Class A	33,970	(3.72)%		(21,619	)
Easterly Government Properties, Inc.	26,781	(2.22)%		(23,074	)
Industrial Logistics Properties Trust	21,118	(1.80)%		(27,888	)
Healthcare Trust of America, Inc. — Class A	29,020	(2.92)%		(35,460	)
Four Corners Property Trust, Inc.	13,077	(1.42)%		(40,252	)
Hudson Pacific Properties, Inc.	21,647	(1.90)%		(57,098	)
Paramount Group, Inc.	65,390	(2.16)%		(75,229	)
Columbia Property Trust, Inc.	27,161	(1.42)%		(92,277	)
Douglas Emmett, Inc.	17,138	(1.83)%		(92,731	)
Essential Properties Realty Trust, Inc.	35,828	(2.78)%		(102,189	)
Washington Real Estate Investment Trust	40,833	(3.23)%		(103,424	)
VEREIT, Inc.	20,648	(2.85)%		(145,066	)
Kennedy-Wilson Holdings, Inc.	49,793	(3.26)%		(158,630	)
Monmouth Real Estate Investment Corp.	86,198	(5.46)%		(236,717	)
STORE Capital Corp.	24,457	(3.04)%		(238,162	)
Retail Properties of America, Inc. — Class A	101,681	(3.16)%		(288,869	)
Total Financial				(1,644,316	)
Exchange Traded Funds
Vanguard Real Estate ETF	17,825	(5.53)%		101,136
Consumer, Cyclical
Hyatt Hotels Corp. — Class A	9,853	(2.67)%		(14,044	)
Choice Hotels International, Inc.	9,521	(3.71)%		(21,467	)
Total Consumer, Cyclical				(35,511	)
Total MS Equity Short Custom Basket			$	(1,578,691	)

GS EQUITY LONG CUSTOM BASKET
	Shares	Percentage Notional Amount	Value and Unrealized Appreciation
Financial
Equity LifeStyle Properties, Inc.	7	100.00%	$	9
Total GS Equity Long Custom Basket			$	9

Risk Managed Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

GS EQUITY LONG CUSTOM BASKET
	Shares	Percentage Notional Amount	Value and Unrealized Appreciation (Depreciation)
Financial
Innovative Industrial Properties, Inc.	6,829	4.32%	$	665,710
Safehold, Inc.	14,952	3.74%		635,679
Kilroy Realty Corp.	16,917	3.35%		167,871
Ventas, Inc.	24,387	4.13%		164,338
Weingarten Realty Investors	49,562	3.71%		159,786
Sun Communities, Inc.	8,650	4.54%		135,757
Gaming and Leisure Properties, Inc.	25,022	3.66%		128,994
Terreno Realty Corp.	20,469	4.13%		121,855
Sabra Health Care REIT, Inc.	58,547	3.51%		96,295
Colony Capital, Inc.	116,744	1.94%		66,458
NETSTREIT Corp.	36,400	2.45%		61,018
VICI Properties, Inc.	32,522	2.86%		47,037
Healthpeak Properties, Inc.	31,320	3.27%		40,564
CyrusOne, Inc.	10,837	2.74%		31,478
Equity LifeStyle Properties, Inc.	8,272	1.81%		23,800
Public Storage	4,392	3.50%		15,158
Invitation Homes, Inc.	16,961	1.74%		12,629
First Industrial Realty Trust, Inc.	18,321	2.66%		12,356
JBG SMITH Properties	32,239	3.48%		11,710
Welltower, Inc.	15,317	3.42%		5,876
National Retail Properties, Inc.	12,287	1.74%		4,041
Apartment Income REIT Corp.	26,301	3.49%		(644	)
UDR, Inc.	19,109	2.53%		(5,923	)
Prologis, Inc.	10,077	3.47%		(6,172	)
American Assets Trust, Inc.	17,178	1.71%		(13,805	)
Urban Edge Properties	34,690	1.55%		(16,376	)
American Tower Corp. — Class A	3,273	2.54%		(21,237	)
Boston Properties, Inc.	6,178	2.02%		(21,325	)
Equity Residential	16,266	3.33%		(42,719	)
Highwoods Properties, Inc.	24,446	3.34%		(44,482	)
AvalonBay Communities, Inc.	5,885	3.21%		(59,537	)
Total Financial				2,376,190
Consumer, Cyclical
Las Vegas Sands Corp.	12,667	2.61%		24,608
Wynn Resorts Ltd.	8,988	3.50%		12,056
Total Consumer, Cyclical				36,664
Total GS Equity Long Custom Basket			$	2,412,854

GS EQUITY SHORT CUSTOM BASKET
	Shares	Percentage Notional Amount	Value and Unrealized Appreciation (Depreciation)
Consumer, Cyclical
Hyatt Hotels Corp. — Class A	9,853	(2.77)%		(14,256	)
Choice Hotels International, Inc.	9,521	(3.85)%		(21,299	)
Total Consumer, Cyclical				(35,555	)
Financial
Crown Castle International Corp.	4,530	(2.73)%		32,921
Omega Healthcare Investors, Inc.	26,728	(3.68)%		31,236
Equinix, Inc.	665	(1.80)%		19,127
PS Business Parks, Inc.	5,541	(2.79)%		15,908
Cousins Properties, Inc.	29,029	(3.69)%		13,977
Retail Opportunity Investments Corp.	37,386	(1.90)%		11,040
Duke Realty Corp.	24,886	(3.77)%		9,930
Mid-America Apartment Communities, Inc.	8,087	(3.88)%		8,493
American Campus Communities, Inc.	11,623	(1.88)%		6,898
Spirit Realty Capital, Inc.	12,243	(1.86)%		3,301
Camden Property Trust	10,052	(3.81)%		(2,162	)
Independence Realty Trust, Inc.	37,120	(1.89)%		(4,296	)
CoreSite Realty Corp.	6,066	(2.88)%		(5,100	)
Physicians Realty Trust	42,752	(2.88)%		(5,822	)
Brixmor Property Group, Inc.	31,771	(1.99)%		(8,207	)
Global Net Lease, Inc.	19,423	(1.26)%		(14,275	)
Life Storage, Inc.	8,451	(3.82)%		(17,140	)
American Homes 4 Rent — Class A	33,970	(3.86)%		(21,391	)
Easterly Government Properties, Inc.	26,781	(2.30)%		(23,042	)
Industrial Logistics Properties Trust	21,118	(1.86)%		(27,624	)
Healthcare Trust of America, Inc. — Class A	29,020	(3.03)%		(35,195	)
Four Corners Property Trust, Inc.	13,077	(1.48)%		(40,053	)
Hudson Pacific Properties, Inc.	21,647	(1.97)%		(56,494	)
Paramount Group, Inc.	65,390	(2.24)%		(74,398	)
Columbia Property Trust, Inc.	27,161	(1.48)%		(92,056	)
Douglas Emmett, Inc.	17,138	(1.90)%		(92,592	)
Essential Properties Realty Trust, Inc.	35,828	(2.88)%		(101,879	)
Washington Real Estate Investment Trust	40,833	(3.35)%		(102,662	)
VEREIT, Inc.	20,648	(2.96)%		(144,534	)
Kennedy-Wilson Holdings, Inc.	49,793	(3.38)%		(158,758	)
Monmouth Real Estate Investment Corp.	86,198	(5.66)%		(236,417	)
STORE Capital Corp.	24,457	(3.15)%		(237,815	)
Retail Properties of America, Inc. — Class A	101,681	(2.63)%		(288,096	)
Total Financial				(1,637,177	)
Exchange-Traded Funds
Vanguard Real Estate ETF	17,825	(2.74)%		101,207
Total GS Equity Short Custom Basket			$	(1,571,525	)

Risk Managed Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is pledged as custom basket swap collateral at December 31, 2020.
2	All or a portion of this security is pledged as short security collateral at December 31, 2020.
3	Rate indicated is the 7-day yield as of December 31, 2020.

GS — Goldman Sachs International

MS — Morgan Stanley Capital Services LLC

REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at December 31, 2020 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	331,639,118	$	—	$	—	$	331,639,118
Money Market Fund		12,040,155		—		—		12,040,155
Equity Custom Basket Swap Agreements**		—		4,825,792		—		4,825,792
Total Assets	$	343,679,273	$	4,825,792	$	—	$	348,505,065

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	5,974,536	$	—	$	—	$	5,974,536
Exchange-Traded Funds		291,989		—		—		291,989
Equity Custom Basket Swap Agreements**		—		3,150,216		—		3,150,216
Total Liabilities	$	6,266,525	$	3,150,216	$	—	$	9,416,741

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Small Cap Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 96.4%
Financial - 31.1%
Pinnacle Financial Partners, Inc.		1,877	$	120,879
Physicians Realty Trust REIT		6,281		111,802
First Horizon National Corp.		8,381		106,942
Synovus Financial Corp.		3,046		98,599
Radian Group, Inc.		4,691		94,993
Axis Capital Holdings Ltd.		1,793		90,349
CNO Financial Group, Inc.		4,045		89,920
Lexington Realty Trust REIT		8,172		86,787
Hilltop Holdings, Inc.		2,806		77,193
Investors Bancorp, Inc.		7,289		76,972
Zions Bancorp North America		1,762		76,541
Cathay General Bancorp		2,146		69,080
BOK Financial Corp.		958		65,604
Simmons First National Corp. — Class A		2,938		63,431
MGIC Investment Corp.		4,838		60,717
Heritage Insurance Holdings, Inc.		5,840		59,159
Flagstar Bancorp, Inc.		1,277		52,050
Stifel Financial Corp.		984		49,653
Hancock Whitney Corp.		1,406		47,832
Kennedy-Wilson Holdings, Inc.		2,301		41,165
Independent Bank Group, Inc.		658		41,138
WSFS Financial Corp.		916		41,110
Hanmi Financial Corp.		3,541		40,155
Sunstone Hotel Investors, Inc. REIT		3,446		39,043
Apple Hospitality REIT, Inc.		2,954		38,136
Piedmont Office Realty Trust, Inc. — Class A REIT		2,297		37,280
Berkshire Hills Bancorp, Inc.		2,052		35,130
Old Republic International Corp.		1,688		33,271
Park Hotels & Resorts, Inc. REIT		1,923		32,979
Heartland Financial USA, Inc.		764		30,843
RMR Group, Inc. — Class A		797		30,780
American National Group, Inc.		300		28,836
Total Financial				1,968,369
Industrial - 19.5%
MDU Resources Group, Inc.		3,885		102,331
Knight-Swift Transportation Holdings, Inc.		2,136		89,328
Plexus Corp.*		1,036		81,026
Valmont Industries, Inc.		454		79,418
Owens Corning		1,036		78,488
GATX Corp.		917		76,276
Graphic Packaging Holding Co.		4,476		75,823
Sanmina Corp.*		2,233		71,210
PGT Innovations, Inc.*		3,280		66,715
Rexnord Corp.		1,594		62,947
Aerojet Rocketdyne Holdings, Inc.*		1,133		59,879
EnerSys		695		57,727
Colfax Corp.*		1,199		45,850
Curtiss-Wright Corp.		394		45,842
Kennametal, Inc.		1,077		39,030
Kirby Corp.*		748		38,769
Altra Industrial Motion Corp.		653		36,196
Terex Corp.		905		31,576
Park Aerospace Corp.		2,051		27,504
Encore Wire Corp.		431		26,105
Crane Co.		282		21,900
Schneider National, Inc. — Class B		1,006		20,824
Total Industrial				1,234,764
Consumer, Cyclical - 11.8%
MSC Industrial Direct Company, Inc. — Class A		834		70,381
Abercrombie & Fitch Co. — Class A		3,302		67,229
Alaska Air Group, Inc.		1,224		63,648
UniFirst Corp.		282		59,697
MDC Holdings, Inc.		1,184		57,542
Hawaiian Holdings, Inc.		3,153		55,808
Meritage Homes Corp.*		592		49,030
Tapestry, Inc.*		1,502		46,682
Penske Automotive Group, Inc.		717		42,583
Wabash National Corp.		2,262		38,974
International Game Technology plc		2,275		38,539
Methode Electronics, Inc.		975		37,323
Dick's Sporting Goods, Inc.		567		31,871
Urban Outfitters, Inc.*		1,130		28,928
Movado Group, Inc.*		1,265		21,024
Dana, Inc.		944		18,427
Tenneco, Inc. — Class A*		1,556		16,493
Total Consumer, Cyclical				744,179
Consumer, Non-cyclical - 8.7%
Encompass Health Corp.		1,366		112,955
Sabre Corp.*		5,711		68,646
Ingredion, Inc.		834		65,611
Emergent BioSolutions, Inc.*		699		62,630
Central Garden & Pet Co. — Class A*		1,632		59,291
US Foods Holding Corp.*		1,618		53,895
Integer Holdings Corp.*		637		51,718
MGP Ingredients, Inc.		1,051		49,460
Perdoceo Education Corp.*		2,215		27,976
Total Consumer, Non-cyclical				552,182
Basic Materials - 6.8%
Huntsman Corp.		3,448		86,683
Ashland Global Holdings, Inc.		1,048		83,002
Olin Corp.		2,616		64,249
Reliance Steel & Aluminum Co.		412		49,337
Commercial Metals Co.		2,201		45,208
Element Solutions, Inc.		2,441		43,279
Kraton Corp.*		1,088		30,235
Verso Corp. — Class A		2,106		25,314
Total Basic Materials				427,307
Energy - 5.2%
Parsley Energy, Inc. — Class A		9,262		131,520
Range Resources Corp.*		13,806		92,500
CNX Resources Corp.*		5,066		54,713
Patterson-UTI Energy, Inc.		6,545		34,427
Oil States International, Inc.*		3,362		16,877
Total Energy				330,037
Communications - 4.9%
Infinera Corp.*		9,868		103,417
Viavi Solutions, Inc.*		5,482		82,093
Gray Television, Inc.*		2,644		47,301
Ciena Corp.*		701		37,048

Small Cap Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 96.4% (continued)
Communications - 4.9% (continued)
Tribune Publishing Co.		1,946	$	26,660
Entercom Communications Corp. — Class A		5,002		12,355
Total Communications				308,874
Utilities - 4.7%
Black Hills Corp.		1,334		81,974
Avista Corp.		1,751		70,285
Southwest Gas Holdings, Inc.		856		52,002
Spire, Inc.		714		45,724
ALLETE, Inc.		710		43,978
Total Utilities				293,963
Technology - 3.7%
Evolent Health, Inc. — Class A*		6,240		100,027
Conduent, Inc.*		10,862		52,138
Science Applications International Corp.		493		46,657
Axcelis Technologies, Inc.*		1,202		35,003
Total Technology				233,825
Total Common Stocks
(Cost $5,456,267)				6,093,500
CONVERTIBLE PREFERRED STOCKS††† - 0.0%
Industrial - 0.0%
Thermoenergy Corp.*,1		6,250		—
Total Convertible Preferred Stocks
(Cost $5,968)				—
RIGHTS† - 0.2%
Basic Materials - 0.2%
Pan American Silver Corp.*		17,705		14,607
Total Rights
(Cost $–)				14,607
EXCHANGE-TRADED FUNDS† - 2.2%
iShares Russell 2000 Value ETF		1,026		135,175
Total Exchange-Traded Funds
(Cost $111,453)				135,175
MONEY MARKET FUND† - 0.7%
Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 0.01%2		47,196		47,196
Total Money Market Fund
(Cost $47,196)				47,196
Total Investments - 99.5%
(Cost $5,620,884)			$	6,290,478
Other Assets & Liabilities, net - 0.5%				30,899
Total Net Assets - 100.0%			$	6,321,377

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
1	PIPE (Private Investment in Public Equity) - Stock issued by a company in the secondary market as a means of raising capital more quickly and less expensively than through registration of a secondary public offering.
2	Rate indicated is the 7-day yield as of December 31, 2020.

plc — Public Limited Company

REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at December 31, 2020 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs			Total
Common Stocks	$	6,093,500	$	—	$	—		$	6,093,500
Convertible Preferred Stocks		—		—		—	*		—
Rights		14,607		—		—			14,607
Exchange-Traded Funds		135,175		—		—			135,175
Money Market Fund		47,196		—		—			47,196
Total Assets	$	6,290,478	$	—	$	—		$	6,290,478

^* Security has a market value of $0.

SMid Cap Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 99.0%
Financial - 29.4%
Alleghany Corp.		16,209	$	9,785,211
Voya Financial, Inc.		156,188		9,185,416
First Horizon National Corp.		574,471		7,330,250
Pinnacle Financial Partners, Inc.		108,970		7,017,668
Physicians Realty Trust REIT		382,791		6,813,680
Synovus Financial Corp.		196,044		6,345,944
KeyCorp		369,478		6,063,134
Alexandria Real Estate Equities, Inc. REIT		33,157		5,909,241
Radian Group, Inc.		291,727		5,907,472
Zions Bancorp North America		131,869		5,728,390
Axis Capital Holdings Ltd.		107,781		5,431,085
VICI Properties, Inc. REIT		165,679		4,224,815
BOK Financial Corp.		61,596		4,218,094
Sun Communities, Inc. REIT		24,554		3,730,980
Hilltop Holdings, Inc.		114,190		3,141,367
Stifel Financial Corp.		61,031		3,079,599
Heritage Insurance Holdings, Inc.		280,423		2,840,685
Medical Properties Trust, Inc. REIT		124,560		2,714,162
WSFS Financial Corp.		58,857		2,641,502
Apple Hospitality REIT, Inc.		191,498		2,472,239
Old Republic International Corp.		109,037		2,149,119
Park Hotels & Resorts, Inc. REIT		119,020		2,041,193
Heartland Financial USA, Inc.		48,817		1,970,742
Gaming and Leisure Properties, Inc. REIT		46,248		1,960,915
American National Group, Inc.		18,227		1,751,979
Total Financial				114,454,882
Industrial - 19.7%
MDU Resources Group, Inc.		248,591		6,547,887
Plexus Corp.*		64,539		5,047,595
Jacobs Engineering Group, Inc.		45,754		4,985,356
Valmont Industries, Inc.		27,829		4,868,127
Owens Corning		64,145		4,859,625
Knight-Swift Transportation Holdings, Inc.		113,408		4,742,722
Graphic Packaging Holding Co.		279,720		4,738,457
PGT Innovations, Inc.*		202,963		4,128,267
Rexnord Corp.		102,246		4,037,695
Aerojet Rocketdyne Holdings, Inc.*		69,898		3,694,110
EnerSys		43,436		3,607,794
Johnson Controls International plc		76,754		3,575,969
Colfax Corp.*		78,287		2,993,695
Curtiss-Wright Corp.		25,342		2,948,542
Kirby Corp.*		47,573		2,465,709
Kennametal, Inc.		66,439		2,407,749
Altra Industrial Motion Corp.		41,928		2,324,069
GATX Corp.		27,068		2,251,516
Terex Corp.		55,895		1,950,177
Park Aerospace Corp.		143,193		1,920,218
Crane Co.		17,560		1,363,709
Schneider National, Inc. — Class B		65,740		1,360,818
Total Industrial				76,819,806
Consumer, Cyclical - 14.0%
LKQ Corp.*		169,119		5,959,753
MSC Industrial Direct Company, Inc. — Class A		52,550		4,434,694
PVH Corp.		42,818		4,020,182
Alaska Air Group, Inc.		75,819		3,942,588
UniFirst Corp.		18,003		3,811,055
Ralph Lauren Corp. — Class A		31,603		3,278,495
DR Horton, Inc.		46,692		3,218,013
Tapestry, Inc.*		96,928		3,012,522
Lear Corp.		17,436		2,772,847
Penske Automotive Group, Inc.		45,617		2,709,194
Kohl's Corp.		60,871		2,476,841
Methode Electronics, Inc.		62,648		2,398,165
BorgWarner, Inc.		58,870		2,274,737
Dick's Sporting Goods, Inc.		37,038		2,081,906
Skechers USA, Inc. — Class A*		55,597		1,998,156
Urban Outfitters, Inc.*		74,659		1,911,271
Meritage Homes Corp.*		19,300		1,598,426
Movado Group, Inc.*		80,698		1,341,201
Dana, Inc.		61,074		1,192,165
Total Consumer, Cyclical				54,432,211
Consumer, Non-cyclical - 10.9%
Bunge Ltd.		128,258		8,411,160
Encompass Health Corp.		87,893		7,267,872
Emergent BioSolutions, Inc.*		53,452		4,789,299
Sabre Corp.*		353,636		4,250,705
Ingredion, Inc.		53,258		4,189,807
Central Garden & Pet Co. — Class A*		100,456		3,649,566
US Foods Holding Corp.*		104,944		3,495,685
Integer Holdings Corp.*		40,418		3,281,537
MGP Ingredients, Inc.		64,898		3,054,100
Total Consumer, Non-cyclical				42,389,731
Basic Materials - 8.6%
Huntsman Corp.		221,662		5,572,583
Ashland Global Holdings, Inc.		64,211		5,085,511
Westlake Chemical Corp.		59,218		4,832,189
Reliance Steel & Aluminum Co.		36,971		4,427,278
Olin Corp.		156,106		3,833,963
Commercial Metals Co.		139,802		2,871,533
Element Solutions, Inc.		156,948		2,782,688
Nucor Corp.		39,296		2,090,154
Kraton Corp.*		69,755		1,938,491
Total Basic Materials				33,434,390
Utilities - 4.7%
Pinnacle West Capital Corp.		42,487		3,396,836
Black Hills Corp.		54,696		3,361,069
Avista Corp.		79,710		3,199,559
Southwest Gas Holdings, Inc.		50,360		3,059,370
Edison International		44,188		2,775,890
Spire, Inc.		42,220		2,703,769
Total Utilities				18,496,493
Technology - 4.3%
Evolent Health, Inc. — Class A*		384,621		6,165,474
Qorvo, Inc.*		28,398		4,721,736
Science Applications International Corp.		31,711		3,001,129
Skyworks Solutions, Inc.		19,123		2,923,524
Total Technology				16,811,863
Communications - 4.0%
Infinera Corp.*		866,923		9,085,353

SMid Cap Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 99.0% (continued)
Communications - 4.0% (continued)
Viavi Solutions, Inc.*		282,669	$	4,232,968
Ciena Corp.*		43,648		2,306,797
Total Communications				15,625,118
Energy - 3.4%
Parsley Energy, Inc. — Class A		579,782		8,232,905
Range Resources Corp.*		418,464		2,803,709
Patterson-UTI Energy, Inc.		401,712		2,113,005
HydroGen Corp.*,†††,1		1,265,700		1
Total Energy				13,149,620
Total Common Stocks
(Cost $325,093,142)				385,614,114
CONVERTIBLE PREFERRED STOCKS††† - 0.0%
Industrial - 0.0%
Thermoenergy Corp.*,2		1,652,084		106
Total Convertible Preferred Stocks
(Cost $1,577,634)				106
RIGHTS† - 0.1%
Basic Materials - 0.1%
Pan American Silver Corp.		516,551		426,155
Total Rights
(Cost $–)				426,155
EXCHANGE-TRADED FUNDS† - 0.5%
iShares Russell 2000 Value ETF		14,766		1,945,420
Total Exchange-Traded Funds
(Cost $1,262,585)				1,945,420
MONEY MARKET FUND† - 0.4%
Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 0.01%3		1,644,769		1,644,769
Total Money Market Fund
(Cost $1,644,769)				1,644,769
Total Investments - 100.0%
(Cost $329,578,130)			$	389,630,564
Other Assets & Liabilities, net - 0.0%				(138,830	)
Total Net Assets - 100.0%			$	389,491,734

*	Non-income producing security.
†	Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
1	Affiliated issuer.
2	PIPE (Private Investment in Public Equity) - Stock issued by a company in the secondary market as a means of raising capital more quickly and less expensively than through registration of a secondary public offering.
3	Rate indicated is the 7-day yield as of December 31, 2020.

plc — Public Limited Company

REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at December 31, 2020 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	385,614,113	$	—	$	1	$	385,614,114
Convertible Preferred Stocks		—		—		106		106
Rights		426,155		—		—		426,155
Exchange-Traded Funds		1,945,420		—		—		1,945,420
Money Market Fund		1,644,769		—		—		1,644,769
Total Assets	$	389,630,457	$	—	$	107	$	389,630,564

SMid Cap Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments, result in that company being considered an affiliated issuer, as defined in the 1940 Act.

Transactions during the period ended December 31, 2020, in which the company is an affiliated issuer, were as follows:

Security Name	Value 09/30/20		Additions		Reductions		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value 12/31/20		Shares 12/31/20
Common Stock
HydroGen Corp. *	$	2	$	–	$	–	$	–	$	(1	)	$	1		1,265,700

^* Non-income producing security.

StylePlus—Large Core Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 15.6%
Consumer, Non-cyclical - 5.0%
Johnson & Johnson		5,494	$	864,646
Merck & Company, Inc.		7,148		584,706
UnitedHealth Group, Inc.		1,468		514,798
Bristol-Myers Squibb Co.		8,188		507,902
Amgen, Inc.		2,201		506,054
Pfizer, Inc.		12,776		470,285
AbbVie, Inc.		4,008		429,457
Philip Morris International, Inc.		4,895		405,257
Altria Group, Inc.		8,263		338,783
Procter & Gamble Co.		2,389		332,406
Eli Lilly & Co.		1,957		330,420
Kraft Heinz Co.		8,735		302,755
Molson Coors Beverage Co. — Class B		6,439		290,978
Gilead Sciences, Inc.		4,984		290,368
CVS Health Corp.		4,195		286,518
United Rentals, Inc.*		1,198		277,828
McKesson Corp.		1,563		271,837
AmerisourceBergen Corp. — Class A		2,779		271,675
Anthem, Inc.		814		261,367
Quanta Services, Inc.		3,618		260,568
General Mills, Inc.		4,405		259,014
Cigna Corp.		1,120		233,162
Humana, Inc.		568		233,034
Alexion Pharmaceuticals, Inc.*		1,480		231,235
DaVita, Inc.*		1,868		219,303
HCA Healthcare, Inc.		1,278		210,180
PayPal Holdings, Inc.*		852		199,539
Laboratory Corporation of America Holdings*		917		186,655
Vertex Pharmaceuticals, Inc.*		704		166,383
Tyson Foods, Inc. — Class A		2,384		153,625
Cardinal Health, Inc.		2,851		152,699
Becton Dickinson and Co.		585		146,379
Kroger Co.		4,541		144,222
Kimberly-Clark Corp.		1,056		142,380
Universal Health Services, Inc. — Class B		959		131,863
Biogen, Inc.*		529		129,531
J M Smucker Co.		1,096		126,698
Regeneron Pharmaceuticals, Inc.*		258		124,643
Colgate-Palmolive Co.		1,424		121,766
Conagra Brands, Inc.		3,221		116,793
Campbell Soup Co.		2,210		106,854
Quest Diagnostics, Inc.		857		102,129
Viatris, Inc.*		1		18
Total Consumer, Non-cyclical				11,436,713
Technology - 4.0%
Apple, Inc.		16,961		2,250,555
Microsoft Corp.		8,012		1,782,029
Intel Corp.		10,064		501,389
International Business Machines Corp.		3,876		487,911
Broadcom, Inc.		1,056		462,370
Oracle Corp.		6,348		410,652
Cerner Corp.		4,985		391,223
Texas Instruments, Inc.		2,377		390,137
Seagate Technology plc		5,551		345,050
HP, Inc.		12,117		297,957
NetApp, Inc.		4,338		287,349
Applied Materials, Inc.		2,442		210,745
Accenture plc — Class A		759		198,259
QUALCOMM, Inc.		1,263		192,405
NVIDIA Corp.		324		169,193
KLA Corp.		631		163,372
Cognizant Technology Solutions Corp. — Class A		1,914		156,852
Micron Technology, Inc.*		2,058		154,720
Microchip Technology, Inc.		901		124,437
Advanced Micro Devices, Inc.*		758		69,516
Total Technology				9,046,121
Communications - 2.8%
Amazon.com, Inc.*		442		1,439,563
Alphabet, Inc. — Class C*		671		1,175,512
Verizon Communications, Inc.		10,585		621,869
Facebook, Inc. — Class A*		2,231		609,420
Cisco Systems, Inc.		13,257		593,251
Comcast Corp. — Class A		6,014		315,133
AT&T, Inc.		10,757		309,371
T-Mobile US, Inc.*		2,056		277,251
Juniper Networks, Inc.		11,229		252,765
Motorola Solutions, Inc.		1,079		183,495
Walt Disney Co.*		948		171,759
Corning, Inc.		3,824		137,664
Omnicom Group, Inc.		2,206		137,588
eBay, Inc.		2,511		126,178
Total Communications				6,350,819
Financial - 1.5%
Berkshire Hathaway, Inc. — Class B*		2,488		576,892
JPMorgan Chase & Co.		3,586		455,673
Bank of America Corp.		13,506		409,367
MetLife, Inc.		8,058		378,323
Allstate Corp.		2,732		300,329
Visa, Inc. — Class A		1,301		284,568
Travelers Companies, Inc.		1,451		203,677
Western Union Co.		9,097		199,588
Mastercard, Inc. — Class A		491		175,257
Ameriprise Financial, Inc.		806		156,630
Hartford Financial Services Group, Inc.		2,907		142,385
Aflac, Inc.		2,396		106,550
Total Financial				3,389,239
Consumer, Cyclical - 1.0%
Lowe's Companies, Inc.		2,623		421,018
Best Buy Company, Inc.		2,518		251,271
AutoZone, Inc.*		205		243,015
Walmart, Inc.		1,656		238,713
Genuine Parts Co.		2,298		230,788
PACCAR, Inc.		2,014		173,768
Lennar Corp. — Class A		2,049		156,195
PulteGroup, Inc.		3,519		151,739
Cummins, Inc.		556		126,268
LKQ Corp.*		3,263		114,988
General Motors Co.		2,477		103,142
Whirlpool Corp.		565		101,977
Total Consumer, Cyclical				2,312,882

StylePlus—Large Core Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 15.6% (continued)
Industrial - 1.0%
TE Connectivity Ltd.		3,108	$	376,286
Caterpillar, Inc.		1,275		232,075
Lockheed Martin Corp.		634		225,057
3M Co.		1,277		223,207
General Dynamics Corp.		1,428		212,515
Snap-on, Inc.		1,230		210,502
Textron, Inc.		3,472		167,802
General Electric Co.		13,852		149,601
Waters Corp.*		600		148,452
Northrop Grumman Corp.		413		125,850
Huntington Ingalls Industries, Inc.		636		108,425
Total Industrial				2,179,772
Utilities - 0.3%
Evergy, Inc.		5,317		295,147
Public Service Enterprise Group, Inc.		3,530		205,799
PPL Corp.		5,053		142,494
Exelon Corp.		2,931		123,747
Total Utilities				767,187
Total Common Stocks
(Cost $29,505,509)				35,482,733
MUTUAL FUNDS† - 78.5%
Guggenheim Strategy Fund II1		2,820,802		70,407,215
Guggenheim Strategy Fund III1		2,276,819		57,148,144
Guggenheim Ultra Short Duration Fund — Institutional Class1		5,083,056		50,728,901
Total Mutual Funds
(Cost $177,073,653)				178,284,260
MONEY MARKET FUND† - 5.4%
Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 0.01%2		12,155,402		12,155,402
Total Money Market Fund
(Cost $12,155,402)				12,155,402
Total Investments - 99.5%
(Cost $218,734,564)			$	225,922,395
Other Assets & Liabilities, net - 0.5%				1,118,811
Total Net Assets - 100.0%			$	227,041,206

Futures Contracts
Description	Number of Contracts	Expiration Date	Notional Amount		Value and Unrealized Appreciation**
Equity Futures Contracts Purchased†
S&P 500 Index Mini Futures Contracts	17	Mar 2021	$	3,182,613	$	48,435

Total Return Swap Agreements
Counterparty	Index	Financing Rate Pay	Payment Frequency	Maturity Date	Units	Notional Amount		Value and Unrealized Appreciation
OTC Equity Index Swap Agreements††
Wells Fargo Bank, N.A.	S&P 500 Total Return Index	0.39% (1 Month USD LIBOR + 0.24%)	At Maturity	12/02/21	24,306	$	188,576,643	$	24,879,695

*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Affiliated issuer.
2	Rate indicated is the 7-day yield as of December 31, 2020.

LIBOR — London Interbank Offered Rate

plc — Public Limited Company

See Sector Classification in Other Information section.

StylePlus—Large Core Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

The following table summarizes the inputs used to value the Fund's investments at December 31, 2020 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	35,482,733	$	—	$	—	$	35,482,733
Mutual Funds		178,284,260		—		—		178,284,260
Money Market Fund		12,155,402		—		—		12,155,402
Equity Futures Contracts**		48,435		—		—		48,435
Equity Index Swap Agreements**		—		24,879,695		—		24,879,695
Total Assets	$	225,970,830	$	24,879,695	$	—	$	250,850,525

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III, (collectively, the “Short Term Investment Vehicles”), each of which are open-end management investment companies managed by GI. The Short Term Investment Vehicles, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Short Term Investment Vehicles pay no investment management fees. The Short Term Investment Vehicles' annual report on Form N-CSR dated September 30, 2020, is available publicly or upon request. This information is available from the EDGAR database on the SEC's website at https://www.sec.gov/Archives/edgar/data/1601445/000182126820000133/gug81042-ncsr.htm.

Transactions during the period ended December 31, 2020, in which the company is an affiliated issuer, were as follows:

Security Name	Value 09/30/20		Additions		Reductions			Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value 12/31/20		Shares 12/31/20		Investment Income
Mutual Funds
Guggenheim Strategy Fund II	$	70,019,609	$	415,649	$	–		$	–	$	(28,043	)	$	70,407,215		2,820,802	$	408,810
Guggenheim Strategy Fund III		56,791,001		289,034		–			–		68,109			57,148,144		2,276,819		282,465
Guggenheim Ultra Short Duration Fund — Institutional Class		42,225,877		12,423,413		(3,921,989	)		82,284		(80,684	)		50,728,901		5,083,056		130,733
	$	169,036,487	$	13,128,096	$	(3,921,989	)	$	82,284	$	(40,618	)	$	178,284,260			$	822,008

StylePlus—Mid Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 15.3%
Consumer, Non-cyclical - 4.4%
Chemed Corp.		554	$	295,066
Jazz Pharmaceuticals plc*		1,353		223,313
Charles River Laboratories International, Inc.*		875		218,627
Encompass Health Corp.		2,467		203,996
Bio-Techne Corp.		555		176,240
PRA Health Sciences, Inc.*		1,361		170,724
Masimo Corp.*		628		168,543
Amedisys, Inc.*		514		150,772
Exelixis, Inc.*		7,016		140,811
Integra LifeSciences Holdings Corp.*		2,017		130,944
Repligen Corp.*		644		123,410
Hill-Rom Holdings, Inc.		1,218		119,327
LHC Group, Inc.*		549		117,113
STERIS plc		604		114,482
Syneos Health, Inc.*		1,664		113,368
Post Holdings, Inc.*		1,092		110,303
Quanta Services, Inc.		1,526		109,903
Arrowhead Pharmaceuticals, Inc.*		1,400		107,422
ICU Medical, Inc.*		493		105,743
United Rentals, Inc.*		450		104,359
Quidel Corp.*		575		103,299
Globus Medical, Inc. — Class A*		1,576		102,787
Boston Beer Company, Inc. — Class A*		101		100,423
Kimberly-Clark Corp.		639		86,156
WEX, Inc.*		422		85,890
Darling Ingredients, Inc.*		1,464		84,444
Emergent BioSolutions, Inc.*		879		78,758
Service Corporation International		1,508		74,043
Tyson Foods, Inc. — Class A		1,139		73,397
Vertex Pharmaceuticals, Inc.*		297		70,193
HealthEquity, Inc.*		988		68,873
Dentsply Sirona, Inc.		1,308		68,487
Campbell Soup Co.		1,372		66,336
Haemonetics Corp.*		549		65,194
Hologic, Inc.*		882		64,236
LivaNova plc*		967		64,025
Baxter International, Inc.		768		61,624
McKesson Corp.		343		59,654
Ligand Pharmaceuticals, Inc. — Class B*		597		59,372
Molina Healthcare, Inc.*		241		51,256
CoreLogic, Inc.		622		48,093
Incyte Corp.*		550		47,839
Cardinal Health, Inc.		859		46,008
United Therapeutics Corp.*		276		41,894
Regeneron Pharmaceuticals, Inc.*		86		41,548
Helen of Troy Ltd.*		184		40,883
Total Consumer, Non-cyclical				4,759,178
Industrial - 3.6%
Trimble, Inc.*		3,351		223,746
Hubbell, Inc.		1,227		192,381
AGCO Corp.		1,746		179,995
Timken Co.		2,310		178,702
ITT, Inc.		2,127		163,822
Carlisle Companies, Inc.		1,020		159,304
Lincoln Electric Holdings, Inc.		1,294		150,427
Cognex Corp.		1,778		142,747
Generac Holdings, Inc.*		598		135,991
TE Connectivity Ltd.		1,039		125,792
EMCOR Group, Inc.		1,208		110,484
Waters Corp.*		430		106,391
Knight-Swift Transportation Holdings, Inc.		2,509		104,926
Trex Company, Inc.*		1,142		95,608
PerkinElmer, Inc.		662		94,997
Oshkosh Corp.		1,097		94,419
Lennox International, Inc.		339		92,876
Curtiss-Wright Corp.		798		92,847
Woodward, Inc.		741		90,054
TopBuild Corp.*		489		90,015
Axon Enterprise, Inc.*		712		87,241
II-VI, Inc.*		1,118		84,923
Energizer Holdings, Inc.		2,007		84,655
Owens Corning		1,039		78,715
Jabil, Inc.		1,628		69,239
Huntington Ingalls Industries, Inc.		402		68,533
National Instruments Corp.		1,552		68,195
Masco Corp.		1,221		67,069
Clean Harbors, Inc.*		863		65,674
Graco, Inc.		891		64,464
Valmont Industries, Inc.		358		62,625
MasTec, Inc.*		864		58,907
Werner Enterprises, Inc.		1,332		52,241
XPO Logistics, Inc.*		413		49,230
Northrop Grumman Corp.		145		44,184
Littelfuse, Inc.		163		41,510
MSA Safety, Inc.		271		40,485
Nordson Corp.		199		39,989
Universal Display Corp.		169		38,836
Eagle Materials, Inc.		328		33,243
Toro Co.		333		31,582
Total Industrial				3,857,064
Technology - 2.3%
Fair Isaac Corp.*		341		174,265
Cerner Corp.		2,012		157,902
Monolithic Power Systems, Inc.		415		151,986
MKS Instruments, Inc.		999		150,300
Lumentum Holdings, Inc.*		1,566		148,457
CDK Global, Inc.		2,695		139,682
Cree, Inc.*		1,284		135,976
Seagate Technology plc		2,019		125,501
J2 Global, Inc.*		1,225		119,670
CACI International, Inc. — Class A*		472		117,684
PTC, Inc.*		969		115,902
NetApp, Inc.		1,710		113,270
ACI Worldwide, Inc.*		2,852		109,602
Cirrus Logic, Inc.*		1,332		109,490
Perspecta, Inc.		4,019		96,777
Teradata Corp.*		4,143		93,093
Silicon Laboratories, Inc.*		712		90,666
Manhattan Associates, Inc.*		716		75,309
Synaptics, Inc.*		716		69,022
NCR Corp.*		1,819		68,340

StylePlus—Mid Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 15.3% (continued)
Technology - 2.3% (continued)
Blackbaud, Inc.		1,153	$	66,367
Semtech Corp.*		569		41,019
Ceridian HCM Holding, Inc.*		314		33,460
Total Technology				2,503,740
Consumer, Cyclical - 2.0%
Gentex Corp.		6,043		205,039
AutoZone, Inc.*		133		157,664
Polaris, Inc.		1,404		133,773
Deckers Outdoor Corp.*		465		133,353
Williams-Sonoma, Inc.		1,216		123,837
Caesars Entertainment, Inc.*		1,637		121,580
Lithia Motors, Inc. — Class A		396		115,897
Brunswick Corp.		1,396		106,431
RH*		222		99,349
Visteon Corp.*		757		95,019
Tempur Sealy International, Inc.*		3,466		93,582
PACCAR, Inc.		1,003		86,539
Wyndham Hotels & Resorts, Inc.		1,396		82,978
PulteGroup, Inc.		1,585		68,345
O'Reilly Automotive, Inc.*		143		64,718
LKQ Corp.*		1,710		60,260
Leggett & Platt, Inc.		1,200		53,160
IAA, Inc.*		759		49,320
Scotts Miracle-Gro Co. — Class A		246		48,988
Mattel, Inc.*		2,742		47,848
Penn National Gaming, Inc.*		537		46,381
Five Below, Inc.*		250		43,745
Carter's, Inc.		456		42,896
KB Home		1,241		41,598
Texas Roadhouse, Inc. — Class A		500		39,080
Total Consumer, Cyclical				2,161,380
Financial - 1.2%
Stifel Financial Corp.		2,667		134,577
RenaissanceRe Holdings Ltd.		789		130,832
Evercore, Inc. — Class A		1,038		113,806
Primerica, Inc.		796		106,608
Western Union Co.		4,153		91,117
Brown & Brown, Inc.		1,743		82,636
Ameriprise Financial, Inc.		405		78,704
Medical Properties Trust, Inc. REIT		3,105		67,658
CyrusOne, Inc. REIT		920		67,298
PROG Holdings, Inc.		1,095		58,988
Brighthouse Financial, Inc.*		1,417		51,302
Interactive Brokers Group, Inc. — Class A		818		49,832
SLM Corp.		3,304		40,936
Essent Group Ltd.		899		38,837
EastGroup Properties, Inc. REIT		235		32,444
American Campus Communities, Inc. REIT		753		32,206
STORE Capital Corp. REIT		908		30,854
Commerce Bancshares, Inc.		462		30,354
Camden Property Trust REIT		296		29,576
Total Financial				1,268,565
Communications - 0.8%
Ciena Corp.*		2,974		157,176
FactSet Research Systems, Inc.		413		137,322
Cable One, Inc.		46		102,475
Corning, Inc.		1,727		62,172
Yelp, Inc. — Class A*		1,769		57,793
Motorola Solutions, Inc.		327		55,610
GrubHub, Inc.*		692		51,395
New York Times Co. — Class A		988		51,149
Interpublic Group of Companies, Inc.		2,035		47,863
eBay, Inc.		894		44,924
Omnicom Group, Inc.		717		44,719
Total Communications				812,598
Energy - 0.7%
Enphase Energy, Inc.*		1,508		264,609
SolarEdge Technologies, Inc.*		693		221,150
Sunrun, Inc.*		1,940		134,597
First Solar, Inc.*		888		87,841
Murphy USA, Inc.		310		40,570
Total Energy				748,767
Utilities - 0.3%
ONE Gas, Inc.		1,366		104,868
Hawaiian Electric Industries, Inc.		2,664		94,279
IDACORP, Inc.		939		90,172
Total Utilities				289,319
Basic Materials - 0.0%
RPM International, Inc.		550		49,929
Total Common Stocks
(Cost $13,573,299)				16,450,540
MUTUAL FUNDS† - 80.9%
Guggenheim Strategy Fund II1		1,269,161		31,678,266
Guggenheim Ultra Short Duration Fund — Institutional Class1		3,149,882		31,435,827
Guggenheim Strategy Fund III1		948,010		23,795,040
Total Mutual Funds
(Cost $86,308,250)				86,909,133
MONEY MARKET FUND† - 4.2%
Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 0.01%2		4,471,068		4,471,068
Total Money Market Fund
(Cost $4,471,068)				4,471,068
Total Investments - 100.4%
(Cost $104,352,617)			$	107,830,741
Other Assets & Liabilities, net - (0.4)%				(390,420	)
Total Net Assets - 100.0%			$	107,440,321

StylePlus—Mid Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Futures Contracts
Description	Number of Contracts	Expiration Date	Notional Amount		Value and Unrealized Appreciation**
Equity Futures Contracts Purchased†
NASDAQ-100 Index Mini Futures Contracts	1	Mar 2021	$	257,385	$	5,495
S&P MidCap 400 Index Mini Futures Contracts	3	Mar 2021		690,780		5,480
S&P 500 Index Mini Futures Contracts	1	Mar 2021		187,213		2,849
			$	1,135,378	$	13,824

Total Return Swap Agreements
Counterparty	Index	Financing Rate Pay	Payment Frequency	Maturity Date	Units	Notional Amount		Value and Unrealized Appreciation
OTC Equity Index Swap Agreements††
Citibank N.A., New York	Russell MidCap Growth Index Total Return	0.36% (1 Month USD LIBOR + 0.21%)	At Maturity	12/02/21	18,370	$	91,053,477	$	14,456,088

*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Affiliated issuer.
2	Rate indicated is the 7-day yield as of December 31, 2020.

LIBOR — London Interbank Offered Rate

plc — Public Limited Company

REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at December 31, 2020 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	16,450,540	$	—	$	—	$	16,450,540
Mutual Funds		86,909,133		—		—		86,909,133
Money Market Fund		4,471,068		—		—		4,471,068
Equity Futures Contracts**		13,824		—		—		13,824
Equity Index Swap Agreements**		—		14,456,088		—		14,456,088
Total Assets	$	107,844,565	$	14,456,088	$	—	$	122,300,653

^** This derivative is reported as unrealized appreciation/depreciation at period end.

StylePlus—Mid Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III, (collectively, the “Short Term Investment Vehicles”), each of which are open-end management investment companies managed by GI. The Short Term Investment Vehicles, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Short Term Investment Vehicles pay no investment management fees. The Short Term Investment Vehicles' annual report on Form N-CSR dated September 30, 2020, is available publicly or upon request. This information is available from the EDGAR database on the SEC's website at https://www.sec.gov/Archives/edgar/data/1601445/000182126820000133/gug81042-ncsr.htm.

Transactions during the period ended December 31, 2020, in which the company is an affiliated issuer, were as follows:

Security Name	Value 09/30/20		Additions		Reductions			Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value 12/31/20		Shares 12/31/20		Investment Income
Mutual Funds
Guggenheim Strategy Fund II	$	29,104,012	$	2,585,911	$	–		$	–	$	(11,657	)	$	31,678,266		1,269,161	$	182,834
Guggenheim Strategy Fund III		23,646,335		120,346		–			–		28,359			23,795,040		948,010		117,613
Guggenheim Ultra Short Duration Fund — Institutional Class		20,960,246		11,547,632		(1,077,996	)		34,634		(28,689	)		31,435,827		3,149,882		72,993
	$	73,710,593	$	14,253,889	$	(1,077,996	)	$	34,634	$	(11,987	)	$	86,909,133			$	373,440

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 1.1%
Financial - 1.1%
Pershing Square Tontine Holdings, Ltd. — Class A*		9,249,470	$	256,395,308
Industrial - 0.0%
API Heat Transfer Parent LLC*,†††		42,528		3,300
BP Holdco LLC*,†††,1		532		188
Vector Phoenix Holdings, LP*,†††		532		52
Total Industrial				3,540
Total Common Stocks
(Cost $179,174,056)				256,398,848
PREFERRED STOCKS†† - 1.2%
Financial - 1.2%
Public Storage, 4.63%		1,842,400		50,002,736
4.13%		426,000		11,557,380
Wells Fargo & Co., 4.70%		2,184,000		57,613,920
Bank of America Corp., 4.38%*		1,552,000		41,205,600
American Financial Group, Inc., 4.50% due 09/15/60		1,292,800		36,030,336
First Republic Bank, 4.13%		798,800		21,120,272
CNO Financial Group, Inc., 5.13% due 11/25/60*		712,000		18,704,240
Assurant, Inc., 5.25% due 01/15/61*		558,400		15,277,824
Selective Insurance Group, Inc., 4.60%*		538,000		13,901,920
W R Berkley Corp., 4.25% due 09/30/60		376,400		9,891,792
Total Financial				275,306,020
Industrial - 0.0%
API Heat Transfer Intermediate*,†††		9		4,625
Total Preferred Stocks
(Cost $257,027,237)				275,310,645
WARRANTS† - 0.0%
Pershing Square Tontine Holdings, Ltd.
$23.00, 07/24/25*		1,027,719		9,866,101
Total Warrants
(Cost $5,836,416)				9,866,101
EXCHANGE-TRADED FUNDS† - 4.8%
iShares iBoxx $ Investment Grade Corporate Bond ETF		6,910,385		954,531,480
iShares iBoxx High Yield Corporate Bond ETF		2,322,190		202,727,187
Total Exchange-Traded Funds
(Cost $1,045,267,460)				1,157,258,667
MUTUAL FUNDS† - 0.3%
Guggenheim Strategy Fund II1		1,078,161		26,910,894
Guggenheim Ultra Short Duration Fund — Institutional Class1		2,668,312		26,629,752
Guggenheim Strategy Fund III1		579,660		14,549,456
Total Mutual Funds
(Cost $67,927,941)				68,090,102
CLOSED-END FUNDS† - 0.1%
BlackRock MuniHoldings California Quality Fund, Inc.		612,605		9,189,075
BlackRock MuniYield California Quality Fund, Inc.		434,289		6,499,135
Total Closed-End Funds
(Cost $15,469,332)				15,688,210
MONEY MARKET FUND† - 0.8%
Federated Hermes U.S. Treasury Cash Reserves Fund — Institutional Shares, 0.01%3		203,647,857		203,647,857
Total Money Market Fund
(Cost $203,647,857)				203,647,857
		Face Amount~
CORPORATE BONDS†† - 47.4%
Financial -  18.2%
American International Group, Inc.
3.40% due 06/30/30		78,220,000		89,628,529
4.38% due 06/30/50		65,480,000		85,737,426
2.50% due 06/30/25		2,370,000		2,547,742
Wells Fargo & Co.
3.07% due 04/30/414		126,490,000		137,595,701
2.57% due 02/11/314		18,410,000		19,534,190
Bank of America Corp.
2.59% due 04/29/314		100,240,000		107,433,061
2.68% due 06/19/414		43,300,000		45,114,121
0.81% (U.S. Secured Overnight Financing Rate + 0.73%, Rate Floor: 0.00%) due 10/24/245		1,660,000		1,672,440
JPMorgan Chase & Co.
3.11% due 04/22/414		55,390,000		61,913,071
2.96% due 05/13/314		29,530,000		32,382,332
4.49% due 03/24/314		25,750,000		31,675,795
2.52% due 04/22/314		24,520,000		26,355,618
Citizens Financial Group, Inc.
3.25% due 04/30/30		124,980,000		140,839,903
2.50% due 02/06/30		9,567,000		10,166,966
Nationwide Mutual Insurance Co.
4.35% due 04/30/506		116,750,000		137,148,808
Charles Schwab Corp.
4.00% 2,4		71,300,000		75,043,250
5.38% 2,4		47,950,000		53,404,312
Five Corners Funding Trust II
2.85% due 05/15/306		100,083,000		110,712,913
Citigroup, Inc.
2.57% due 06/03/314		72,390,000		77,157,618
4.00% 2,4		26,300,000		26,990,375
Macquarie Bank Ltd.
3.62% due 06/03/306		93,035,000		101,851,393
Reliance Standard Life Global Funding II
2.75% due 05/07/256		96,010,000		101,836,968
Wilton RE Ltd.
6.00% †††,2,4,6		93,150,000		96,506,194
Reinsurance Group of America, Inc.
3.15% due 06/15/30		84,319,000		92,195,831

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 47.4% (continued)
Financial -  18.2% (continued)
Pershing Square Holdings Ltd.
3.25% due 11/15/306		68,200,000	$	68,917,674
5.50% due 07/15/226		21,300,000		22,493,865
Markel Corp.
6.00% 2,4		82,170,000		90,900,562
GLP Capital Limited Partnership / GLP Financing II, Inc.
4.00% due 01/15/31		53,054,000		57,893,586
5.30% due 01/15/29		28,165,000		32,585,497
Lincoln National Corp.
3.40% due 01/15/31		49,200,000		56,379,609
4.38% due 06/15/50		18,680,000		24,074,617
Prudential plc
3.13% due 04/14/30		68,002,000		77,096,258
Fidelity National Financial, Inc.
3.40% due 06/15/30		52,430,000		57,577,163
2.45% due 03/15/31		17,490,000		17,789,435
Intercontinental Exchange, Inc.
3.00% due 06/15/50		37,190,000		39,417,012
2.65% due 09/15/40		34,550,000		35,459,529
Equitable Holdings, Inc.
4.95% 2,4		68,250,000		72,600,937
BlackRock, Inc.
1.90% due 01/28/31		68,550,000		71,753,373
Iron Mountain, Inc.
5.25% due 07/15/306		30,050,000		32,454,000
5.63% due 07/15/326		13,350,000		14,718,375
4.50% due 02/15/316		12,000,000		12,570,000
5.00% due 07/15/286		5,275,000		5,604,002
Standard Chartered plc
4.64% due 04/01/314,6		51,325,000		62,087,835
1.32% due 10/14/234,6		1,080,000		1,090,800
Aflac, Inc.
3.60% due 04/01/30		52,300,000		61,558,298
KKR Group Finance Company VI LLC
3.75% due 07/01/296		51,980,000		60,484,109
OneAmerica Financial Partners, Inc.
4.25% due 10/15/506		54,430,000		58,748,891
Ares Finance Company II LLC
3.25% due 06/15/306		54,415,000		57,604,956
Host Hotels & Resorts, LP
3.50% due 09/15/30		54,518,000		57,437,067
MetLife, Inc.
3.85% 2,4		53,040,000		55,957,200
Deloitte LLP
3.56% due 05/07/30†††		27,300,000		28,753,280
3.76% due 05/07/35†††		10,200,000		10,707,529
3.66% due 05/07/32†††		9,450,000		10,044,581
7.33% due 11/20/26†††		4,800,000		5,985,225
First American Financial Corp.
4.00% due 05/15/30		46,550,000		53,358,918
NFP Corp.
6.88% due 08/15/286		25,275,000		26,985,612
7.00% due 05/15/256		23,600,000		25,370,000
Bank of New York Mellon Corp.
3.70% 2,4		32,350,000		33,470,927
4.70% 2,4		16,500,000		18,196,200
Arch Capital Group Ltd.
3.64% due 06/30/50		44,100,000		51,322,350
Loews Corp.
3.20% due 05/15/30		44,720,000		50,802,727
Alleghany Corp.
3.63% due 05/15/30		43,920,000		49,408,432
Quicken Loans LLC / Quicken Loans Company-Issuer, Inc.
3.88% due 03/01/316		46,650,000		48,399,375
Visa, Inc.
2.00% due 08/15/50		46,000,000		43,932,469
Belrose Funding Trust
2.33% due 08/15/306		41,850,000		43,070,398
Everest Reinsurance Holdings, Inc.
3.50% due 10/15/50		37,760,000		42,833,052
Jefferies Group LLC
2.75% due 10/15/32		40,440,000		42,441,442
Teachers Insurance & Annuity Association of America
3.30% due 05/15/506		38,500,000		41,954,345
Massachusetts Mutual Life Insurance Co.
3.38% due 04/15/506		37,950,000		41,457,027
Liberty Mutual Group, Inc.
3.95% due 05/15/606		33,870,000		40,427,244
KKR Group Finance Company VIII LLC
3.50% due 08/25/506		35,480,000		39,375,817
Brookfield Finance, Inc.
3.50% due 03/30/51		32,490,000		34,698,001
4.85% due 03/29/29		1,410,000		1,727,304
Cushman & Wakefield US Borrower LLC
6.75% due 05/15/287		32,375,000		35,693,437
PricewaterhouseCoopers LLP
3.43% due 09/13/30†††		30,000,000		31,372,315
Aon Corp.
2.80% due 05/15/30		28,740,000		31,354,537
Manulife Financial Corp.
2.48% due 05/19/27		27,800,000		30,169,045
Fifth Third Bancorp
2.55% due 05/05/27		27,190,000		29,591,291
Dyal Capital Partners III
4.40% due 06/15/40†††		26,750,000		27,938,995
Credit Suisse Group AG
4.19% due 04/01/314,6		23,500,000		27,658,879
Goldman Sachs Group, Inc.
3.50% due 04/01/25		22,500,000		24,997,268
0.63% (U.S. Secured Overnight Financing Rate + 0.54%) due 11/17/235		1,660,000		1,661,205
Kemper Corp.
2.40% due 09/30/30		22,380,000		22,784,156

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 47.4% (continued)
Financial -  18.2% (continued)
National Australia Bank Ltd.
2.33% due 08/21/306		22,400,000	$	22,772,454
Central Storage Safety Project Trust
4.82% due 02/01/387		20,500,000		22,706,841
Alexandria Real Estate Equities, Inc.
4.90% due 12/15/30		17,450,000		22,206,453
Allianz SE
3.50%2,4,6		20,850,000		21,240,937
Crown Castle International Corp.
3.30% due 07/01/30		17,657,000		19,763,110
Camden Property Trust
2.80% due 05/15/30		17,000,000		18,879,503
CNA Financial Corp.
2.05% due 08/15/30		18,150,000		18,504,764
Prudential Financial, Inc.
3.70% due 10/01/504		17,050,000		18,035,149
Australia & New Zealand Banking Group Ltd.
2.57% due 11/25/354,6		17,400,000		17,750,970
Westpac Banking Corp.
2.96% due 11/16/40		16,600,000		17,676,909
United Shore Financial Services LLC
5.50% due 11/15/256		16,600,000		17,513,000
Weyerhaeuser Co.
4.00% due 04/15/30		14,424,000		17,081,245
QBE Insurance Group Ltd.
5.88%2,4,6		15,600,000		17,043,000
W R Berkley Corp.
4.00% due 05/12/50		13,105,000		15,986,394
Apollo Management Holdings, LP
2.65% due 06/05/306		14,407,000		14,725,925
CIT Group, Inc.
3.93% due 06/19/244		13,925,000		14,725,687
PartnerRe Finance B LLC
4.50% due 10/01/504		13,970,000		14,635,706
Nasdaq, Inc.
3.25% due 04/28/50		13,150,000		14,449,406
Brown & Brown, Inc.
2.38% due 03/15/31		11,960,000		12,517,496
Protective Life Corp.
3.40% due 01/15/306		11,440,000		12,335,459
Ameriprise Financial, Inc.
3.00% due 04/02/25		10,740,000		11,692,287
New York Life Insurance Co.
3.75% due 05/15/506		9,300,000		11,124,973
Aviation Capital Group LLC
2.88% due 01/20/226		10,691,000		10,825,390
Fidelity & Guaranty Life Holdings, Inc.
5.50% due 05/01/256		8,050,000		9,394,350
American Equity Investment Life Holding Co.
5.00% due 06/15/27		7,964,000		8,995,026
Alliant Holdings Intermediate LLC / Alliant Holdings Company-Issuer
4.25% due 10/15/276		7,975,000		8,154,437
Hanover Insurance Group, Inc.
2.50% due 09/01/30		7,070,000		7,379,155
NFL Trust XI SPV
3.53% due 10/05/35†††		7,000,000		6,878,034
Assurant, Inc.
1.50% (3 Month USD LIBOR + 1.25%) due 03/26/215		4,691,000		4,691,064
6.75% due 02/15/34		1,450,000		1,763,540
SBA Communications Corp.
3.88% due 02/15/276		5,425,000		5,697,877
HS Wildcat LLC
3.83% due 12/31/50†††		5,000,000		5,000,000
Atlas Mara Ltd.
8.00% due 01/04/21†††		6,600,000		3,722,400
KKR Group Finance Company III LLC
5.13% due 06/01/446		2,710,000		3,557,269
Fort Knox Military Housing Privatization Project
5.82% due 02/15/526		1,896,322		2,314,148
0.50% (1 Month USD LIBOR + 0.34%) due 02/15/525,6		1,701,357		1,051,292
Western Group Housing, LP
6.75% due 03/15/576		1,489,854		2,133,471
Transatlantic Holdings, Inc.
8.00% due 11/30/39		1,135,000		1,792,843
Societe Generale S.A.
1.49% due 12/14/264,6		1,650,000		1,664,576
Equitable Financial Life Global Funding
1.40% due 07/07/256		1,580,000		1,622,802
Mid-Atlantic Military Family Communities LLC
5.24% due 08/01/506		1,111,354		1,387,162
Univest Financial Corp.
3.76% (3 Month USD LIBOR + 3.54%) due 03/30/255		1,000,000		995,879
Macquarie Group Ltd.
5.03% due 01/15/304,6		800,000		966,626
Atlantic Marine Corporations Communities LLC
5.37% due 12/01/506		770,775		911,329
Janus Capital Group, Inc.
4.88% due 08/01/25		780,000		897,946
Pacific Beacon LLC
5.51% due 07/15/366		500,000		614,577
Peachtree Corners Funding Trust
3.98% due 02/15/256		215,000		238,396

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 47.4% (continued)
Financial -  18.2% (continued)
Sompo International Holdings Ltd.
4.70% due 10/15/22		140,000	$	149,620
Total Financial				4,384,809,467
Consumer, Non-cyclical -  7.5%
Sysco Corp.
5.95% due 04/01/30		109,590,000		144,006,205
6.60% due 04/01/40		1,440,000		2,106,369
CoStar Group, Inc.
2.80% due 07/15/306		90,690,000		94,230,182
DaVita, Inc.
4.63% due 06/01/306		47,150,000		50,037,938
3.75% due 02/15/316		38,095,000		38,680,139
Constellation Brands, Inc.
2.88% due 05/01/30		59,320,000		65,001,640
3.75% due 05/01/50		14,760,000		17,379,125
Altria Group, Inc.
3.40% due 05/06/30		47,320,000		53,092,857
2.35% due 05/06/25		18,290,000		19,432,851
4.45% due 05/06/50		6,120,000		7,235,242
Quanta Services, Inc.
2.90% due 10/01/30		71,770,000		76,948,673
BAT Capital Corp.
3.98% due 09/25/50		41,450,000		43,254,701
4.70% due 04/02/27		22,390,000		26,327,820
3.22% due 09/06/26		1,800,000		1,982,472
Zimmer Biomet Holdings, Inc.
3.55% due 03/20/30		60,550,000		68,565,749
Kraft Heinz Foods Co.
4.88% due 10/01/496		13,025,000		15,195,269
4.38% due 06/01/46		13,090,000		14,162,659
5.50% due 06/01/506		10,750,000		13,542,339
4.25% due 03/01/316		10,850,000		12,098,375
5.00% due 06/04/42		7,850,000		9,210,198
5.20% due 07/15/45		1,930,000		2,294,875
Royalty Pharma plc
3.55% due 09/02/506		39,710,000		42,309,031
2.20% due 09/02/306		20,800,000		21,359,927
Alcon Finance Corp.
2.60% due 05/27/306		50,650,000		53,962,677
RELX Capital, Inc.
3.00% due 05/22/30		47,873,000		53,159,342
Nielsen Finance LLC / Nielsen Finance Co.
5.63% due 10/01/286		38,800,000		42,158,140
Keurig Dr Pepper, Inc.
3.20% due 05/01/30		36,818,000		41,686,241
Anheuser-Busch InBev Worldwide, Inc.
3.50% due 06/01/30		35,920,000		41,608,405
McCormick & Company, Inc.
2.50% due 04/15/30		37,350,000		39,996,265
Centene Corp.
3.00% due 10/15/30		37,200,000		39,428,280
Boston Scientific Corp.
2.65% due 06/01/30		32,010,000		34,285,996
Becton Dickinson and Co.
2.82% due 05/20/30		29,400,000		32,313,391
Emory University
2.97% due 09/01/50		30,000,000		32,019,836
Yale-New Haven Health Services Corp.
2.50% due 07/01/50		32,350,000		31,643,796
California Institute of Technology
3.65% due 09/01/19		25,760,000		29,251,243
Global Payments, Inc.
2.90% due 05/15/30		24,810,000		27,014,940
Quest Diagnostics, Inc.
2.80% due 06/30/31		23,530,000		25,800,255
US Foods, Inc.
6.25% due 04/15/256		24,050,000		25,703,438
Duke University
2.83% due 10/01/55		23,400,000		25,317,707
Health Care Service Corporation A Mutual Legal Reserve Co.
3.20% due 06/01/506		23,030,000		24,911,333
Ascension Health
2.53% due 11/15/29		21,405,000		23,451,401
Kimberly-Clark de Mexico SAB de CV
2.43% due 07/01/316		22,650,000		23,397,903
Johnson & Johnson
2.45% due 09/01/60		22,250,000		23,144,331
Universal Health Services, Inc.
2.65% due 10/15/306		19,660,000		20,409,311
Transurban Finance Company Pty Ltd.
2.45% due 03/16/316		19,400,000		20,351,272
Thermo Fisher Scientific, Inc.
4.50% due 03/25/30		16,100,000		20,121,330
Hologic, Inc.
3.25% due 02/15/296		18,850,000		19,179,875
AMN Healthcare, Inc.
4.63% due 10/01/276		10,800,000		11,313,756
4.00% due 04/15/296		7,200,000		7,362,000
Cheplapharm Arzneimittel GmbH
4.38% due 01/15/28	EUR	13,750,000		17,193,884
Avantor Funding, Inc.
4.63% due 07/15/286		15,900,000		16,814,250
Smithfield Foods, Inc.
3.00% due 10/15/306		15,760,000		16,675,290
Sabre GLBL, Inc.
7.38% due 09/01/256		12,825,000		13,915,125
Prime Security Services Borrower LLC / Prime Finance, Inc.
3.38% due 08/31/276		13,450,000		13,349,125
Gartner, Inc.
3.75% due 10/01/306		9,830,000		10,358,461
4.50% due 07/01/286		2,375,000		2,505,625
Moody's Corp.
3.25% due 05/20/50		11,180,000		12,408,973
Service Corporation International
3.38% due 08/15/30		11,225,000		11,676,357
OhioHealth Corp.
3.04% due 11/15/50		9,100,000		9,961,317

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
CORPORATE BONDS†† - 47.4% (continued)
Consumer, Non-cyclical -  7.5% (continued)
Post Holdings, Inc.
4.63% due 04/15/306		9,025,000		$	9,493,939
Central Garden & Pet Co.
4.13% due 10/15/30		8,975,000			9,356,438
Johns Hopkins University
2.81% due 01/01/60		8,750,000			9,227,248
University of Chicago
2.76% due 04/01/45		8,000,000			8,323,426
Tenet Healthcare Corp.
4.63% due 06/15/286		7,106,000			7,443,535
Children's Hospital Corp.
2.59% due 02/01/50		7,100,000			7,098,477
Syneos Health, Inc.
3.63% due 01/15/296		7,000,000			7,019,355
Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc.
5.00% due 12/31/266		6,325,000			6,598,303
Children's Health System of Texas
2.51% due 08/15/50		6,500,000			6,332,935
Jaguar Holding Company II / PPD Development, LP
4.63% due 06/15/256		4,596,000			4,846,988
5.00% due 06/15/286		1,300,000			1,387,750
Wisconsin Alumni Research Foundation
3.56% due 10/01/49		3,775,000			4,098,708
Memorial Sloan-Kettering Cancer Center
2.96% due 01/01/50		3,500,000			3,724,293
McKesson Corp.
4.88% due 03/15/44		1,650,000			2,080,475
Acadia Healthcare Company, Inc.
5.00% due 04/15/296		1,800,000			1,921,500
HCA, Inc.
3.50% due 09/01/30		1,600,000			1,700,122
Cardinal Health, Inc.
4.50% due 11/15/44		1,450,000			1,697,940
Trustees of the University of Pennsylvania
4.01% due 08/15/47		1,250,000			1,370,876
Flowers Foods, Inc.
3.50% due 10/01/26		500,000			557,361
Total Consumer, Non-cyclical					1,826,585,176
Industrial -  6.1%
Boeing Co.
5.15% due 05/01/30		124,700,000			150,918,357
5.71% due 05/01/40		68,110,000			88,387,756
5.81% due 05/01/50		53,550,000			73,799,667
5.04% due 05/01/27		33,850,000			39,573,079
3.63% due 02/01/31		21,400,000			23,419,754
FedEx Corp.
4.25% due 05/15/30		74,049,000			89,970,518
3.80% due 05/15/25		11,750,000			13,264,025
WRKCo, Inc.
3.00% due 06/15/33		82,155,000			90,260,964
Sonoco Products Co.
3.13% due 05/01/30		73,763,000			81,976,233
Textron, Inc.
2.45% due 03/15/31		52,250,000			53,793,666
3.00% due 06/01/30		23,395,000			25,218,624
Snap-on, Inc.
3.10% due 05/01/50		59,779,000			67,516,124
BAE Systems plc
3.40% due 04/15/306		42,797,000			48,483,650
Acuity Brands Lighting, Inc.
2.15% due 12/15/30		44,050,000			44,690,066
Owens Corning
3.88% due 06/01/30		36,890,000			42,551,273
Standard Industries, Inc.
4.38% due 07/15/306		13,600,000			14,548,328
3.38% due 01/15/316		14,475,000			14,547,375
5.00% due 02/15/276		7,300,000			7,628,500
Carrier Global Corp.
2.70% due 02/15/31		33,600,000			36,100,574
GATX Corp.
4.00% due 06/30/30		28,835,000			34,077,190
4.70% due 04/01/29		400,000			487,623
Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.
4.13% due 08/15/266		31,850,000			33,283,250
Ball Corp.
2.88% due 08/15/30		31,641,000			31,561,897
Xylem, Inc.
2.25% due 01/30/31		16,950,000			17,851,441
1.95% due 01/30/28		11,850,000			12,494,943
CNH Industrial Capital LLC
1.88% due 01/15/26		27,960,000			29,281,008
Vulcan Materials Co.
3.50% due 06/01/30		23,400,000			26,877,511
Flowserve Corp.
3.50% due 10/01/30		23,880,000			25,490,434
Ryder System, Inc.
3.35% due 09/01/25		22,380,000			24,876,986
IDEX Corp.
3.00% due 05/01/30		22,300,000			24,550,555
FLIR Systems, Inc.
2.50% due 08/01/30		19,920,000			20,908,313
Bemis Company, Inc.
2.63% due 06/19/30		18,580,000			20,121,076
NFL Ventures, LP
3.02% due 04/15/35†††		20,000,000			19,862,583
Boxer Parent Co., Inc.
6.50% due 10/02/25		EUR	13,500,000		17,415,396
Graphic Packaging International LLC
3.50% due 03/01/296		16,750,000			17,126,875
Howmet Aerospace, Inc.
6.88% due 05/01/25		7,083,000			8,287,110
5.90% due 02/01/27		3,950,000			4,663,489
6.75% due 01/15/28		1,988,000			2,431,006
5.95% due 02/01/37		475,000			572,375
Vertical US Newco, Inc.
5.25% due 07/15/276		13,150,000			13,939,000

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
CORPORATE BONDS†† - 47.4% (continued)
Industrial -  6.1% (continued)
TFI International, Inc.
3.35% due 01/05/33†††		14,000,000		$	13,919,945
National Basketball Association
2.51% due 12/16/24		10,500,000			10,538,335
Airbus SE
3.95% due 04/10/476		9,000,000			10,449,325
Hardwood Funding LLC
3.19% due 06/07/30†††		8,000,000			7,914,251
Virgin Media
4.88% due 07/15/28		GBP	5,000,000		6,975,575
Great Lakes Dredge & Dock Corp.
8.00% due 05/15/22		6,800,000			6,973,944
Oshkosh Corp.
3.10% due 03/01/30		3,880,000			4,231,701
Berry Global, Inc.
1.57% due 01/15/266		2,750,000			2,774,887
PerkinElmer, Inc.
3.30% due 09/15/29		1,560,000			1,758,918
Burlington Northern Santa Fe LLC
5.40% due 06/01/41		1,180,000			1,718,630
Princess Juliana International Airport Operating Company N.V.
5.50% due 12/20/277		1,846,481			1,669,145
PowerTeam Services LLC
9.03% due 12/04/256		1,500,000			1,668,915
Adevinta ASA
3.00% due 11/15/27		EUR	1,300,000		1,640,996
American Woodmark Corp.
4.88% due 03/15/266		1,205,000			1,235,125
Crown Americas LLC / Crown Americas Capital Corporation VI
4.75% due 02/01/26		1,150,000			1,193,125
New Enterprise Stone & Lime Company, Inc.
6.25% due 03/15/266		1,150,000			1,178,750
TransDigm, Inc.
6.25% due 03/15/266		1,075,000			1,144,875
Tennant Co.
5.63% due 05/01/25		975,000			1,015,219
JELD-WEN, Inc.
6.25% due 05/15/256		300,000			324,000
Hexcel Corp.
3.95% due 02/15/27		180,000			194,558
Hillman Group, Inc.
6.38% due 07/15/226		40,000			39,700
Total Industrial					1,471,368,513
Consumer, Cyclical -  4.8%
Delta Air Lines, Inc.
7.00% due 05/01/256		136,400,000			157,480,939
Marriott International, Inc.
4.63% due 06/15/30		43,685,000			51,263,440
3.50% due 10/15/32		45,690,000			49,965,861
5.75% due 05/01/25		29,691,000			34,729,600
Walgreens Boots Alliance, Inc.
4.10% due 04/15/50		72,535,000			76,776,937
3.20% due 04/15/30		33,931,000			36,859,445
Starbucks Corp.
2.55% due 11/15/30		73,030,000			78,981,569
Hyatt Hotels Corp.
5.38% due 04/23/25		26,900,000			30,400,148
5.75% due 04/23/30		23,885,000			29,361,567
VF Corp.
2.95% due 04/23/30		52,243,000			57,804,432
Hilton Domestic Operating Company, Inc.
3.75% due 05/01/296		44,400,000			46,295,436
4.00% due 05/01/316		5,750,000			6,066,882
5.38% due 05/01/256		1,744,000			1,853,000
Delta Air Lines Inc. / SkyMiles IP Ltd.
4.50% due 10/20/256		45,200,000			48,312,431
4.75% due 10/20/286		3,800,000			4,147,747
1011778 BC ULC / New Red Finance, Inc.
4.00% due 10/15/306		39,300,000			39,827,799
3.88% due 01/15/286		9,200,000			9,345,084
Choice Hotels International, Inc.
3.70% due 01/15/31		43,850,000			48,564,752
Ferguson Finance plc
3.25% due 06/02/306		42,620,000			47,525,932
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.
6.50% due 06/20/276		38,950,000			41,871,250
BorgWarner, Inc.
2.65% due 07/01/27		36,010,000			38,721,084
Lowe's Companies, Inc.
4.50% due 04/15/30		29,315,000			36,490,358
WMG Acquisition Corp.
3.00% due 02/15/316		28,050,000			27,489,000
3.88% due 07/15/306		7,560,000			8,034,541
Whirlpool Corp.
4.60% due 05/15/50		21,920,000			28,363,055
Aramark Services, Inc.
6.38% due 05/01/256		22,050,000			23,565,937
5.00% due 02/01/286		1,325,000			1,396,219
Allison Transmission, Inc.
3.75% due 01/30/316		12,300,000			12,584,438
Dollar General Corp.
3.50% due 04/03/30		10,650,000			12,225,906
Cedar Fair, LP / Canada's Wonderland Co. / Magnum Management Corp. / Millennium Operations LLC
5.50% due 05/01/256		9,900,000			10,320,750
Williams Scotsman International, Inc.
4.63% due 08/15/286		6,775,000			7,012,125
Six Flags Theme Parks, Inc.
7.00% due 07/01/256		5,990,000			6,469,200

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 47.4% (continued)
Consumer, Cyclical -  4.8% (continued)
Hanesbrands, Inc.
5.38% due 05/15/256		6,095,000	$	6,448,632
American Airlines Class AA Pass Through Trust
3.20% due 06/15/28		5,504,600		5,367,497
Smithsonian Institution
2.65% due 09/01/39		5,000,000		5,221,840
Performance Food Group, Inc.
6.88% due 05/01/256		4,074,000		4,359,180
Tempur Sealy International, Inc.
5.50% due 06/15/26		3,600,000		3,746,520
JB Poindexter & Company, Inc.
7.13% due 04/15/266		2,700,000		2,855,250
HP Communities LLC
5.86% due 09/15/536		1,420,000		1,871,372
Hasbro, Inc.
3.90% due 11/19/29		1,480,000		1,676,120
Lear Corp.
4.25% due 05/15/29		1,450,000		1,657,042
Total Consumer, Cyclical				1,143,310,317
Communications -  3.9%
ViacomCBS, Inc.
4.95% due 01/15/31		69,401,000		87,107,143
4.95% due 05/19/50		39,600,000		51,294,690
4.75% due 05/15/25		36,350,000		42,201,730
2.90% due 01/15/27		6,570,000		7,209,275
Level 3 Financing, Inc.
4.25% due 07/01/286		41,950,000		43,103,625
3.63% due 01/15/296		36,820,000		36,727,950
3.88% due 11/15/296		20,300,000		22,543,556
T-Mobile USA, Inc.
3.88% due 04/15/306		74,705,000		86,523,331
Walt Disney Co.
2.65% due 01/13/31		39,920,000		43,764,789
3.80% due 05/13/60		31,990,000		40,643,927
Charter Communications Operating LLC / Charter Communications Operating Capital
2.80% due 04/01/31		71,850,000		75,994,346
AT&T, Inc.
2.75% due 06/01/31		48,660,000		51,999,197
2.30% due 06/01/27		6,000,000		6,399,228
Booking Holdings, Inc.
4.63% due 04/13/30		30,557,000		37,969,491
4.50% due 04/13/27		11,700,000		13,915,482
Virgin Media Secured Finance plc
4.50% due 08/15/306		35,400,000		36,993,000
5.50% due 08/15/266		1,200,000		1,246,500
CCO Holdings LLC / CCO Holdings Capital Corp.
4.50% due 05/01/326		18,275,000		19,512,583
4.25% due 02/01/316		9,025,000		9,511,087
CSC Holdings LLC
3.38% due 02/15/316		14,175,000		13,909,219
5.50% due 05/15/266		6,861,000		7,135,440
4.13% due 12/01/306		5,741,000		6,002,790
6.75% due 11/15/21		1,800,000		1,881,000
Amazon.com, Inc.
2.70% due 06/03/60		25,180,000		26,926,022
Fox Corp.
3.50% due 04/08/30		14,521,000		16,494,438
3.05% due 04/07/25		7,100,000		7,747,573
Sirius XM Radio, Inc.
4.13% due 07/01/306		21,910,000		23,320,456
Altice France S.A.
7.38% due 05/01/266		14,800,000		15,577,000
5.13% due 01/15/296		6,250,000		6,468,750
Radiate Holdco LLC / Radiate Finance, Inc.
4.50% due 09/15/266		19,750,000		20,367,188
Verizon Communications, Inc.
3.15% due 03/22/30		16,590,000		18,604,210
QualityTech Limited Partnership / QTS Finance Corp.
3.88% due 10/01/286		17,075,000		17,416,500
Virgin Media Vendor Financing Notes IV DAC
5.00% due 07/15/286		15,600,000		16,224,000
LCPR Senior Secured Financing DAC
6.75% due 10/15/276		5,633,000		6,062,516
Lamar Media Corp.
4.00% due 02/15/30		5,375,000		5,576,563
Switch Ltd.
3.75% due 09/15/286		4,200,000		4,263,000
Telenet Finance Luxemburg Notes SARL
5.50% due 03/01/28		2,800,000		2,986,200
Thomson Reuters Corp.
5.65% due 11/23/43		1,290,000		1,747,777
Alibaba Group Holding Ltd.
4.50% due 11/28/34		1,330,000		1,652,535
Match Group Holdings II LLC
4.13% due 08/01/306		1,250,000		1,300,000
Virgin Media Finance plc
5.00% due 07/15/306		850,000		881,875
Juniper Networks, Inc.
1.20% due 12/10/25		580,000		586,902
Motorola Solutions, Inc.
5.50% due 09/01/44		360,000		458,447
Total Communications				938,251,331
Energy -  2.6%
Exxon Mobil Corp.
2.61% due 10/15/30		143,370,000		156,600,532
BP Capital Markets plc
4.88% 2,4		114,600,000		127,859,220
Galaxy Pipeline Assets Bidco Ltd.
3.25% due 09/30/406		91,750,000		96,807,202
1.75% due 09/30/276		2,050,000		2,080,782

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 47.4% (continued)
Energy -  2.6% (continued)
Sabine Pass Liquefaction LLC
4.50% due 05/15/306		63,355,000	$	75,093,257
Valero Energy Corp.
2.15% due 09/15/27		13,920,000		14,222,955
2.85% due 04/15/25		12,000,000		12,780,498
4.00% due 04/01/29		7,450,000		8,381,329
Chevron USA, Inc.
2.34% due 08/12/50		27,250,000		26,960,174
Equinor ASA
2.38% due 05/22/30		18,770,000		20,090,468
1.75% due 01/22/26		6,500,000		6,828,123
Magellan Midstream Partners, LP
3.25% due 06/01/30		23,260,000		26,284,229
Florida Gas Transmission Company LLC
2.55% due 07/01/306		15,100,000		15,915,333
NuStar Logistics, LP
6.38% due 10/01/30		12,500,000		14,160,000
Midwest Connector Capital Company LLC
4.63% due 04/01/296		13,440,000		14,088,554
Baker Hughes a GE Company LLC / Baker Hughes Co-Obligor, Inc.
4.49% due 05/01/30		6,300,000		7,570,458
Phillips 66
3.70% due 04/06/23		2,250,000		2,409,705
TransCanada PipeLines Ltd.
6.10% due 06/01/40		1,200,000		1,650,249
Parkland Corp.
6.00% due 04/01/266		1,025,000		1,076,250
Total Energy				630,859,318
Technology -  1.7%
NetApp, Inc.
2.70% due 06/22/30		123,550,000		132,752,283
Broadcom, Inc.
4.15% due 11/15/30		60,860,000		70,461,408
5.00% due 04/15/30		1,440,000		1,750,481
Leidos, Inc.
2.30% due 02/15/316		34,450,000		35,076,956
3.63% due 05/15/256		9,200,000		10,286,428
4.38% due 05/15/306		2,650,000		3,173,242
MSCI, Inc.
3.88% due 02/15/316		31,175,000		32,967,563
NCR Corp.
5.00% due 10/01/286		30,050,000		31,702,750
8.13% due 04/15/256		600,000		668,184
Qorvo, Inc.
4.38% due 10/15/29		21,000,000		23,104,620
3.38% due 04/01/316		8,675,000		8,956,938
Apple, Inc.
2.55% due 08/20/60		22,850,000		23,500,807
Analog Devices, Inc.
2.95% due 04/01/25		6,100,000		6,657,812
Black Knight InfoServ LLC
3.63% due 09/01/286		5,600,000		5,733,000
Booz Allen Hamilton, Inc.
3.88% due 09/01/286		4,550,000		4,686,500
Microchip Technology, Inc.
0.97% due 02/15/246		1,650,000		1,654,039
2.67% due 09/01/236		1,580,000		1,652,465
Presidio Holdings, Inc.
4.88% due 02/01/276		2,300,000		2,439,794
Citrix Systems, Inc.
3.30% due 03/01/30		1,500,000		1,657,192
Entegris, Inc.
4.38% due 04/15/286		900,000		959,625
Open Text Holdings, Inc.
4.13% due 02/15/306		210,000		223,398
Total Technology				400,065,485
Basic Materials -  1.6%
Newcrest Finance Pty Ltd.
3.25% due 05/13/306		55,600,000		61,413,531
4.20% due 05/13/506		26,390,000		32,257,390
Anglo American Capital plc
5.63% due 04/01/306		39,500,000		50,189,883
2.63% due 09/10/306		18,000,000		18,822,392
3.95% due 09/10/506		14,140,000		15,864,804
5.38% due 04/01/256		1,420,000		1,659,502
Nucor Corp.
2.70% due 06/01/30		45,300,000		49,813,238
2.00% due 06/01/25		5,000,000		5,295,101
United States Steel Corp.
12.00% due 06/01/256		42,000,000		48,510,000
Minerals Technologies, Inc.
5.00% due 07/01/286		19,975,000		20,901,840
Valvoline, Inc.
3.63% due 06/15/316		18,300,000		18,780,375
Steel Dynamics, Inc.
3.25% due 01/15/31		9,200,000		10,287,856
2.40% due 06/15/25		5,950,000		6,324,071
Reliance Steel & Aluminum Co.
2.15% due 08/15/30		12,040,000		12,370,197
Corporation Nacional del Cobre de Chile
3.75% due 01/15/316		10,430,000		11,783,501
Alcoa Nederland Holding BV
5.50% due 12/15/276		6,450,000		7,058,042
6.13% due 05/15/286		2,800,000		3,059,000
6.75% due 09/30/246		400,000		416,620
Carpenter Technology Corp.
6.38% due 07/15/28		2,015,000		2,223,641
Southern Copper Corp.
7.50% due 07/27/35		1,150,000		1,753,969
Dow Chemical Co.
4.25% due 10/01/34		1,420,000		1,714,567
WR Grace & Company-Conn
4.88% due 06/15/276		800,000		848,416
Total Basic Materials				381,347,936
Utilities -  0.9%
Cheniere Corpus Christi Holdings LLC
3.52% due 12/31/39†††		97,100,000		96,262,512
AES Corp.
3.95% due 07/15/306		26,390,000		29,831,520
3.30% due 07/15/256		3,750,000		4,087,500

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 47.4% (continued)
Utilities -  0.9% (continued)
NRG Energy, Inc.
2.45% due 12/02/276		26,000,000	$	27,373,455
Arizona Public Service Co.
3.35% due 05/15/50		23,140,000		26,870,036
Black Hills Corp.
2.50% due 06/15/30		14,360,000		15,081,927
Alexander Funding Trust
1.84% due 11/15/236		14,400,000		14,563,908
Clearway Energy Operating LLC
4.75% due 03/15/286		3,325,000		3,566,063
Virginia Electric and Power Co.
8.88% due 11/15/38		1,100,000		2,039,571
Southern Power Co.
5.25% due 07/15/43		1,350,000		1,659,709
Dominion Energy, Inc.
0.75% (3 Month USD LIBOR + 0.53%) due 09/15/235		1,030,000		1,031,895
Indiana Michigan Power Co.
6.05% due 03/15/37		720,000		1,026,870
Total Utilities				223,394,966
Total Corporate Bonds
(Cost $10,421,604,796)				11,399,992,509
ASSET-BACKED SECURITIES†† - 18.1%
Collateralized Loan Obligations -  10.4%
BXMT Ltd.
2020-FL2, 1.05% (1 Month USD LIBOR + 0.90%, Rate Floor: 0.90%) due 02/16/375,6		76,225,000		75,845,316
2020-FL3, 1.90% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 03/15/375,6		19,800,000		19,827,407
2020-FL3, 2.70% (1 Month USD LIBOR + 2.55%, Rate Floor: 2.55%) due 03/15/375,6		16,125,000		16,148,457
2020-FL2, 1.55% (1 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 02/16/375,6		14,250,000		13,983,227
2020-FL3, 2.30% (1 Month USD LIBOR + 2.15%, Rate Floor: 2.15%) due 03/15/375,6		10,600,000		10,615,276
2020-FL2, 1.80% (1 Month USD LIBOR + 1.65%, Rate Floor: 1.65%) due 02/16/375,6		5,360,000		5,275,959
2020-FL2, 1.30% (1 Month USD LIBOR + 1.15%, Rate Floor: 1.15%) due 02/16/375,6		5,200,000		5,128,296
Dryden 33 Senior Loan Fund
2020-33A, 1.24% (3 Month USD LIBOR + 1.00%, Rate Floor: 1.00%) due 04/15/295,6		56,722,408		56,722,408
2020-33A, 1.64% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 04/15/295,6		48,700,000		48,700,000
2020-33A, 2.24% (3 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 04/15/295,6		27,000,000		27,000,000
KREF Funding V LLC
1.90% due 06/25/26†††		115,000,000		110,679,603
0.15% due 06/25/26†††		313,636,364		269,727
Cerberus Loan Funding XXX, LP
2020-3A, 2.07% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 01/15/335,6		100,000,000		100,000,000
2020-3A, 2.72% (3 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 01/15/335,6		10,200,000		10,200,000
Woodmont Trust
2020-7A, 2.13% (3 Month USD LIBOR + 1.90%, Rate Floor: 0.00%) due 01/15/325,6		83,000,000		83,000,000
2020-7A, 2.83% (3 Month USD LIBOR + 2.60%, Rate Floor: 0.00%) due 01/15/325,6		13,500,000		13,500,000
2020-7A, 2.48% (3 Month USD LIBOR + 2.25%, Rate Floor: 0.00%) due 01/15/325,6		7,000,000		7,000,000
MidOcean Credit CLO VII
2020-7A, 1.28% (3 Month USD LIBOR + 1.04%, Rate Floor: 0.00%) due 07/15/295,6		52,000,000		51,579,044
2020-7A, 1.84% (3 Month USD LIBOR + 1.60%, Rate Floor: 0.00%) due 07/15/295,6		27,500,000		26,897,362
2020-7A, 1.69% (3 Month USD LIBOR + 1.45%, Rate Floor: 0.00%) due 07/15/295,6		14,800,000		14,763,885

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 18.1% (continued)
Collateralized Loan Obligations -  10.4% (continued)
Venture XIV CLO Ltd.
2020-14A, 1.25% (3 Month USD LIBOR + 1.03%, Rate Floor: 1.03%) due 08/28/295,6		69,000,000	$	68,545,069
2020-14A, 2.47% (3 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 08/28/295,6		22,725,000		22,048,629
ABPCI Direct Lending Fund IX LLC
2020-9A, 2.19% (3 Month USD LIBOR + 1.95%, Rate Floor: 1.95%) due 11/18/315,6		72,500,000		72,633,501
2020-9A, 2.84% (3 Month USD LIBOR + 2.60%, Rate Floor: 2.60%) due 11/18/315,6		15,250,000		15,288,276
GPMT Ltd.
2019-FL2, 1.45% (1 Month USD LIBOR + 1.30%, Rate Floor: 1.30%) due 02/22/365,6		25,899,000		25,745,390
2019-FL2, 1.75% (1 Month USD LIBOR + 1.60%, Rate Floor: 1.60%) due 02/22/365,6		24,300,000		24,079,470
2019-FL2, 2.50% (1 Month USD LIBOR + 2.35%, Rate Floor: 2.35%) due 02/22/365,6		21,400,000		20,861,101
2019-FL2, 2.05% (1 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 02/22/365,6		12,500,000		12,356,740
Parliament Funding II Ltd.
2020-1A, 2.76% (3 Month USD LIBOR + 2.45%, Rate Floor: 2.45%) due 08/12/305,6		71,650,000		71,648,811
2020-1A, 3.51% (3 Month USD LIBOR + 3.20%, Rate Floor: 3.20%) due 08/12/305,6		6,000,000		5,968,045
Golub Capital Partners CLO Ltd.
2018-36A, 1.53% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 02/05/315,6		76,300,000		75,422,832
LoanCore Issuer Ltd.
2019-CRE2, 1.66% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 05/15/365,6		19,984,000		19,906,726
2018-CRE1, 1.66% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 05/15/285,6		17,747,000		17,704,755
2019-CRE3, 1.21% (1 Month USD LIBOR + 1.05%, Rate Floor: 1.05%) due 04/15/345,6		14,158,189		13,910,738
2019-CRE2, 1.86% (1 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 05/15/365,6		11,575,000		11,167,670
2019-CRE3, 1.76% (1 Month USD LIBOR + 1.60%, Rate Floor: 1.60%) due 04/15/345,6		4,607,500		4,387,440
GoldenTree Loan Management US CLO 1 Ltd.
2020-1A, 1.17% (3 Month USD LIBOR + 0.95%, Rate Floor: 0.95%) due 04/20/295,6		49,250,000		49,152,623
2020-1A, 1.67% (3 Month USD LIBOR + 1.45%, Rate Floor: 1.45%) due 04/20/295,6		12,500,000		12,320,690
Wellfleet CLO Ltd.
2020-2A, 1.28% (3 Month USD LIBOR + 1.06%, Rate Floor: 0.00%) due 10/20/295,6		52,250,000		51,941,239
2018-2A, 1.80% (3 Month USD LIBOR + 1.58%, Rate Floor: 1.58%) due 10/20/285,6		2,500,000		2,448,988
Palmer Square Loan Funding Ltd.
2019-3A, 1.07% (3 Month USD LIBOR + 0.85%, Rate Floor: 0.85%) due 08/20/275,6		18,912,524		18,890,079
2018-4A, 1.12% (3 Month USD LIBOR + 0.90%, Rate Floor: 0.00%) due 11/15/265,6		15,669,691		15,654,872
2018-4A, 1.67% (3 Month USD LIBOR + 1.45%, Rate Floor: 0.00%) due 11/15/265,6		12,000,000		11,902,426
Fortress Credit Opportunities XI CLO Ltd.
2018-11A, 1.54% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 04/15/315,6		44,300,000		43,786,107

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 18.1% (continued)
Collateralized Loan Obligations -  10.4% (continued)
Whitebox CLO II Ltd.
2020-2A, 1.99% (3 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 10/24/315,6		36,500,000	$	36,506,230
2020-2A, 2.49% (3 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 10/24/315,6		7,000,000		7,013,672
MP CLO VIII Ltd.
2018-2A, 1.13% (3 Month USD LIBOR + 0.91%, Rate Floor: 0.00%) due 10/28/275,6		43,451,596		43,199,255
Denali Capital CLO XI Ltd.
2018-1A, 1.35% (3 Month USD LIBOR + 1.13%, Rate Floor: 0.00%) due 10/20/285,6		42,800,000		42,600,518
Marathon CLO V Ltd.
2017-5A, 1.08% (3 Month USD LIBOR + 0.87%, Rate Floor: 0.00%) due 11/21/275,6		23,259,188		23,111,540
2017-5A, 1.66% (3 Month USD LIBOR + 1.45%, Rate Floor: 0.00%) due 11/21/275,6		18,020,137		17,775,474
Lake Shore MM CLO III LLC
2020-1A, 2.53% (3 Month USD LIBOR + 2.30%, Rate Floor: 2.30%) due 10/15/295,6		38,900,000		38,920,240
Wind River CLO Ltd.
2017-2A, 1.11% (3 Month USD LIBOR + 0.87%, Rate Floor: 0.00%) due 10/15/275,6		38,622,379		38,465,881
NXT Capital CLO LLC
2017-1A, 1.92% (3 Month USD LIBOR + 1.70%, Rate Floor: 0.00%) due 04/20/295,6		34,100,000		33,941,650
Telos CLO Ltd.
2017-6A, 1.97% (3 Month USD LIBOR + 1.75%, Rate Floor: 0.00%) due 01/17/275,6		32,000,000		31,970,201
Venture XII CLO Ltd.
2018-12A, 1.02% (3 Month USD LIBOR + 0.80%, Rate Floor: 0.80%) due 02/28/265,6		24,219,114		24,063,446
2018-12A, 1.42% (3 Month USD LIBOR + 1.20%, Rate Floor: 1.20%) due 02/28/265,6		6,250,000		6,101,605
Halcyon Loan Advisors Funding Ltd.
2017-3A, 1.12% (3 Month USD LIBOR + 0.90%, Rate Floor: 0.00%) due 10/18/275,6		29,187,042		29,051,103
TCW CLO Ltd.
2020-1A, 1.86% (3 Month USD LIBOR + 1.65%, Rate Floor: 1.65%) due 10/20/315,6		28,000,000		27,999,936
NewStar Clarendon Fund CLO LLC
2019-1A, 1.52% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 01/25/275,6		25,639,192		25,614,215
2019-1A, 3.27% (3 Month USD LIBOR + 3.05%, Rate Floor: 0.00%) due 01/25/275,6		2,000,000		1,965,644
610 Funding CLO 3 Ltd.
2018-3A, 1.47% (3 Month USD LIBOR + 1.25%, Rate Floor: 0.00%) due 07/17/285,6		26,715,627		26,685,419
FDF II Ltd.
2016-2A, 4.29% due 05/12/316		21,500,000		21,705,121
2016-2A, 5.29% due 05/12/316		5,000,000		4,952,169
OCP CLO Ltd.
2020-4A, 1.67% (3 Month USD LIBOR + 1.45%, Rate Floor: 1.45%) due 04/24/295,6		25,500,000		24,943,080
2019-17A, 0.87% (3 Month USD LIBOR + 0.65%, Rate Floor: 0.65%) due 07/20/325,6		937,500		934,005
Canyon CLO Ltd.
2020-1A, 2.98% (3 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 07/15/285,6		22,500,000		22,536,445
2020-1A, 4.02% (3 Month USD LIBOR + 3.78%, Rate Floor: 3.78%) due 07/15/285,6		2,000,000		1,994,033
Ares LVII CLO Ltd.
2020-57A, 2.74% (3 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 10/25/315,6		13,500,000		13,542,112
2020-57A, 1.99% (3 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 10/25/315,6		9,500,000		9,527,889

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 18.1% (continued)
Collateralized Loan Obligations -  10.4% (continued)
Apres Static CLO Ltd.
2020-1A, 3.44% (3 Month USD LIBOR + 1.70%, Rate Floor: 0.00%) due 10/15/285,6		21,750,000	$	21,712,770
Voya CLO Ltd.
2020-1A, 1.30% (3 Month USD LIBOR + 1.06%, Rate Floor: 1.06%) due 04/15/315,6		18,850,000		18,775,765
2013-1A,  due 10/15/306,8		10,575,071		2,613,608
NewStar Fairfield Fund CLO Ltd.
2018-2A, 1.49% (3 Month USD LIBOR + 1.27%, Rate Floor: 1.27%) due 04/20/305,6		21,171,638		20,911,635
Allegro CLO IX Ltd.
2018-3A, 1.40% (3 Month USD LIBOR + 1.17%, Rate Floor: 1.17%) due 10/16/315,6		20,400,000		20,251,294
Owl Rock CLO IV Ltd.
2020-4A, 3.17% (3 Month USD LIBOR + 2.62%, Rate Floor: 2.62%) due 05/20/295,6		18,000,000		18,005,407
BSPRT Issuer Ltd.
2018-FL3, 1.21% (1 Month USD LIBOR + 1.05%, Rate Floor: 1.05%) due 03/15/285,6		10,154,928		10,090,150
2018-FL4, 1.21% (1 Month USD LIBOR + 1.05%, Rate Floor: 1.05%) due 09/15/355,6		7,996,778		7,903,269
Diamond CLO Ltd.
2018-1A, 1.72% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 07/22/305,6		18,000,000		17,930,747
Crown Point CLO III Ltd.
2017-3A, 1.69% (3 Month USD LIBOR + 1.45%, Rate Floor: 0.00%) due 12/31/275,6		10,280,000		10,189,082
2017-3A, 1.15% (3 Month USD LIBOR + 0.91%, Rate Floor: 0.00%) due 12/31/275,6		7,104,625		7,087,650
BDS Ltd.
2019-FL3, 2.15% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 12/15/355,6		9,900,000		9,789,064
2020-FL5, 1.96% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 02/16/375,6		4,400,000		4,299,462
2020-FL5, 1.51% (1 Month USD LIBOR + 1.35%, Rate Floor: 1.35%) due 02/16/375,6		3,200,000		3,147,811
Mountain View CLO Ltd.
2018-1A, 1.04% (3 Month USD LIBOR + 0.80%, Rate Floor: 0.80%) due 10/15/265,6		15,398,924		15,344,186
Dryden 36 Senior Loan Fund
2020-36A, 2.20% (3 Month USD LIBOR + 2.05%, Rate Floor: 2.05%) due 04/15/295,6		15,200,000		15,200,000
FDF I Ltd.
2015-1A, 4.40% due 11/12/306		15,000,000		15,113,452
Shackleton CLO Ltd.
2017-8A, 1.14% (3 Month USD LIBOR + 0.92%, Rate Floor: 0.00%) due 10/20/275,6		6,218,881		6,207,069
2017-8A, 1.52% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 10/20/275,6		5,510,000		5,376,929
2018-6RA, 1.24% (3 Month USD LIBOR + 1.02%, Rate Floor: 1.02%) due 07/17/285,6		3,424,412		3,414,687
Monroe Capital CLO Ltd.
2017-1A, 1.92% (3 Month USD LIBOR + 1.70%, Rate Floor: 0.00%) due 10/22/265,6		11,100,000		11,050,603
2017-1A, 1.57% (3 Month USD LIBOR + 1.35%, Rate Floor: 0.00%) due 10/22/265,6		3,064,278		3,063,669
KREF Ltd.
2018-FL1, 1.25% (1 Month USD LIBOR + 1.10%, Rate Floor: 1.10%) due 06/15/365,6		13,471,000		13,404,324
STWD Ltd.
2019-FL1, 1.76% (1 Month USD LIBOR + 1.60%, Rate Floor: 1.60%) due 07/15/385,6		11,210,000		11,079,871
2019-FL1, 1.56% (1 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 07/15/385,6		2,200,000		2,192,500

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 18.1% (continued)
Collateralized Loan Obligations -  10.4% (continued)
KVK CLO Ltd.
2017-1A, 1.13% (3 Month USD LIBOR + 0.90%, Rate Floor: 0.00%) due 01/14/285,6		5,708,928	$	5,684,025
2018-1A, 1.87% (3 Month USD LIBOR + 1.65%, Rate Floor: 0.00%) due 05/20/295,6		3,850,000		3,826,201
2018-1A, 1.15% (3 Month USD LIBOR + 0.93%, Rate Floor: 0.00%) due 05/20/295,6		3,442,400		3,433,869
Seneca Park CLO Ltd.
2017-1A, 1.72% (3 Month USD LIBOR + 1.50%, Rate Floor: 0.00%) due 07/17/266		12,900,000		12,880,873
Octagon Investment Partners 49 Ltd.
due 01/15/335,6		12,800,000		12,800,000
Newstar Commercial Loan Funding LLC
2017-1A, 2.74% (3 Month USD LIBOR + 2.50%, Rate Floor: 0.00%) due 03/20/275,6		12,750,000		12,731,266
Fortress Credit Opportunities IX CLO Ltd.
2017-9A, 1.77% (3 Month USD LIBOR + 1.55%, Rate Floor: 0.00%) due 11/15/295,6		11,527,000		11,482,646
2020-9A, 2.53% due 11/15/296		1,250,000		1,248,404
Marathon CLO VII Ltd.
2017-7A, 1.87% (3 Month USD LIBOR + 1.65%, Rate Floor: 0.00%) due 10/28/255,6		12,600,000		12,568,379
Golub Capital Partners CLO 17 Ltd.
2017-17A, 1.87% (3 Month USD LIBOR + 1.65%, Rate Floor: 0.00%) due 10/25/305,6		12,600,000		12,557,377
Columbia Cent CLO 27 Ltd.
2020-27A, 1.83% due 10/25/286		12,000,000		12,011,758
Benefit Street Partners Clo XXII Ltd.
2020-22A, 1.66% (3 Month USD LIBOR + 1.45%, Rate Floor: 1.45%) due 01/20/325,6		7,700,000		7,700,000
2020-22A, 2.36% (3 Month USD LIBOR + 2.15%, Rate Floor: 2.15%) due 01/20/325,6		4,300,000		4,300,000
Sudbury Mill CLO Ltd.
2017-1A, 1.87% (3 Month USD LIBOR + 1.65%, Rate Floor: 0.00%) due 01/17/265,6		11,850,000		11,766,023
Treman Park CLO Ltd.
2015-1A,  due 10/20/286,8		13,600,000		9,392,496
TCP Waterman CLO Ltd.
2016-1A, 2.27% (3 Month USD LIBOR + 2.05%, Rate Floor: 0.00%) due 12/15/285,6		9,150,000		9,153,328
Dryden 37 Senior Loan Fund
2015-37A,  due 01/15/316,8		10,000,000		8,574,495
Neuberger Berman CLO XVI-S Ltd.
2018-16SA, 1.09% (3 Month USD LIBOR + 0.85%, Rate Floor: 0.00%) due 01/15/285,6		7,700,488		7,684,521
ACIS CLO Ltd.
2015-6A, 2.69% (3 Month USD LIBOR + 2.48%, Rate Floor: 0.00%) due 05/01/275,6		7,500,000		7,482,547
THL Credit Lake Shore MM CLO I Ltd.
2019-1A, 1.94% (3 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 04/15/305,6		7,250,000		7,209,748
Golub Capital Partners CLO 16 Ltd.
2017-16A, 2.07% (3 Month USD LIBOR + 1.85%, Rate Floor: 0.00%) due 07/25/295,6		6,700,000		6,673,126
Avery Point V CLO Ltd.
2017-5A, 1.20% (3 Month USD LIBOR + 0.98%, Rate Floor: 0.00%) due 07/17/265,6		6,603,609		6,603,599
California Street CLO XII Ltd.
2017-12A, 1.74% (3 Month USD LIBOR + 1.50%, Rate Floor: 0.00%) due 10/15/255,6		5,750,000		5,723,824
Owl Rock CLO I Ltd.
2019-1A, 2.02% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 05/20/315,6		5,650,000		5,617,340

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 18.1% (continued)
Collateralized Loan Obligations -  10.4% (continued)
Apres Static CLO 2 Ltd.
2020-1A, 3.99% (3 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 04/15/285,6		2,800,000	$	2,805,065
2020-1A, 4.54% (3 Month USD LIBOR + 4.30%, Rate Floor: 4.30%) due 04/15/285,6		2,700,000		2,702,831
Ivy Hill Middle Market Credit Fund X Ltd.
2018-10A, 2.02% (3 Month USD LIBOR + 1.80%, Rate Floor: 0.00%) due 07/18/305,6		5,300,000		5,215,762
GoldenTree Loan Opportunities IX Ltd.
2018-9A, 1.32% (3 Month USD LIBOR + 1.11%, Rate Floor: 1.11%) due 10/29/295,6		5,152,000		5,147,062
TICP CLO I Ltd.
2018-1A, 1.02% (3 Month USD LIBOR + 0.80%, Rate Floor: 0.00%) due 07/20/275,6		4,849,975		4,843,401
TICP CLO III-2 Ltd.
2018-3R, 1.06% (3 Month USD LIBOR + 0.84%, Rate Floor: 0.84%) due 04/20/285,6		4,799,147		4,796,736
Avery Point II CLO Ltd.
2013-3X COM,  due 01/18/258		6,855,934		4,789,149
Ready Capital Mortgage Financing LLC
2019-FL3, 1.15% (1 Month USD LIBOR + 1.00%, Rate Floor: 1.00%) due 03/25/345,6		4,703,730		4,669,676
Atlas Senior Loan Fund III Ltd.
2017-1A, 1.52% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 11/17/275,6		4,300,000		4,170,901
Mountain Hawk II CLO Ltd.
2018-2A, 1.82% (3 Month USD LIBOR + 1.60%, Rate Floor: 0.00%) due 07/20/245,6		3,979,054		3,977,153
Northwoods Capital XII-B Ltd.
2018-12BA, 2.07% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 06/15/315,6		4,000,000		3,938,665
Newfleet CLO Ltd.
2018-1A, 1.17% (3 Month USD LIBOR + 0.95%, Rate Floor: 0.00%) due 04/20/285,6		3,950,895		3,930,629
Oaktree CLO Ltd.
2017-1A, 1.09% (3 Month USD LIBOR + 0.87%) due 10/20/275,6		3,470,677		3,455,776
THL Credit Wind River CLO Ltd.
2019-1A, 1.12% (3 Month USD LIBOR + 0.88%, Rate Floor: 0.00%) due 01/15/265,6		3,338,994		3,338,286
Golub Capital Partners CLO 39B Ltd.
2018-39A, 1.62% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 10/20/285,6		3,100,000		3,094,023
Monroe Capital BSL CLO Ltd.
2017-1A, 1.96% (3 Month USD LIBOR + 1.75%, Rate Floor: 0.00%) due 05/22/275,6		3,000,000		2,996,681
Carlyle Global Market Strategies CLO Ltd.
2012-3A,  due 01/14/326,8		8,920,000		2,988,146
Exantas Capital Corp.
2020-RSO8, 1.60% (1 Month USD LIBOR + 1.45%, Rate Floor: 1.45%) due 03/15/355,6		3,000,000		2,985,344
TRTX Issuer Ltd.
2019-FL3, 1.30% (1 Month USD LIBOR + 1.15%, Rate Floor: 1.15%) due 10/15/345,6		2,600,000		2,577,030
Ocean Trails CLO IV
2017-4A, 2.02% (3 Month USD LIBOR + 1.80%, Rate Floor: 0.00%) due 08/13/255,6		2,500,000		2,500,368
Allegro CLO VII Ltd.
2018-1A, 2.14% (3 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 06/13/315,6		2,500,000		2,443,526
Grand Avenue CRE Ltd.
2020-FL2, 4.42% (1 Month USD LIBOR + 4.26%, Rate Floor: 4.26%) due 03/15/355,6		1,100,000		1,124,080
2020-FL2, 3.41% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 03/15/355,6		900,000		913,366

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
ASSET-BACKED SECURITIES†† - 18.1% (continued)
Collateralized Loan Obligations -  10.4% (continued)
Cerberus Loan Funding XXVI, LP
2019-1A, 1.99% (3 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 04/15/315,6		2,000,000		$	1,984,479
Tralee CLO III Ltd.
2017-3A, 1.67% (3 Month USD LIBOR + 1.45%, Rate Floor: 0.00%) due 10/20/275,6		2,000,000			1,979,656
Ivy Hill Middle Market Credit Fund IX Ltd.
2017-9A, 1.97% (3 Month USD LIBOR + 1.75%, Rate Floor: 0.00%) due 01/18/305,6		1,000,000			981,189
2017-9A, 2.57% (3 Month USD LIBOR + 2.35%, Rate Floor: 0.00%) due 01/18/305,6		1,000,000			951,809
Catamaran CLO Ltd.
2016-2A, 2.27% (3 Month USD LIBOR + 2.05%, Rate Floor: 2.05%) due 10/18/265,6		1,750,000			1,748,528
Dryden XXV Senior Loan Fund
2017-25A, 1.59% (3 Month USD LIBOR + 1.35%, Rate Floor: 0.00%) due 10/15/275,6		1,766,703			1,744,876
Venture XIII CLO Ltd.
2013-13A,  due 09/10/296,8		3,700,000			1,073,573
Dryden 43 Senior Loan Fund
2019-43A, 0.82% (3 Month USD LIBOR + 0.60%, Rate Floor: 0.60%) due 07/20/295,6		900,000			897,883
Flagship VII Ltd.
2017-7A, 1.77% (3 Month USD LIBOR + 1.55%, Rate Floor: 0.00%) due 01/20/265,6		355,486			355,395
Great Lakes CLO Ltd.
2014-1A,  due 10/15/296,8		461,538			200,150
Atlas Senior Loan Fund IX Ltd.
2018-9A,  due 04/20/286,8		1,200,000			154,384
Babson CLO Ltd.
2014-IA,  due 07/20/256,8		1,300,000			96,330
Copper River CLO Ltd.
2007-1A,  due 01/20/217,8		1,500,000			44,100
OHA Credit Partners IX Ltd.
2013-9A, due 10/20/256,8		1,808,219			23,199
Total Collateralized Loan Obligations					2,504,929,123
Financial -  2.7%
Station Place Securitization Trust
2020-9, 1.64% (1 Month USD LIBOR + 1.50%, Rate Floor: 0.00%) due 02/15/21†††,5,7		153,000,000			153,000,000
2020-16, 1.14% (1 Month USD LIBOR + 1.00%, Rate Floor: 1.00%) due 12/22/215,6		114,400,000			114,400,000
2020-17, 1.14% (1 Month USD LIBOR + 1.00%, Rate Floor: 1.00%) due 03/24/215,6		89,900,000			89,900,000
2020-12, 1.64% (1 Month USD LIBOR + 1.50%, Rate Floor: 0.00%) due 06/09/21†††,5,6		35,500,000			35,500,000
2020-14, 1.29% (1 Month USD LIBOR + 1.15%, Rate Floor: 0.00%) due 03/10/21†††,5,6		21,000,000			21,000,000
2020-5, 1.15% (1 Month USD LIBOR + 1.00%, Rate Floor: 0.00%) due 05/24/22†††,5,7		20,000,000			20,000,000
2020-WL1, 2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 0.00%) due 06/25/51†††,5,7		10,000,000			10,000,000
2020-WL1, 2.40% (1 Month USD LIBOR + 2.25%, Rate Floor: 0.00%) due 06/25/51†††,5,7		3,000,000			3,000,000
Aesf Vi Verdi LP
2.15% due 11/25/24†††		EUR	49,186,383		59,834,980
2.37% due 11/25/24†††		15,311,851			15,088,937
Strategic Partners Fund VIII LP
3.15% due 03/10/25†††		51,900,000			52,816,093
Oxford Finance Funding
2020-1A, 3.10% due 02/15/286		23,750,000			24,308,111
Madison Avenue Secured Funding Trust Series
2020-1, 1.77% (1 Month USD LIBOR + 1.63%, Rate Floor: 0.00%) due 12/13/21†††,5,6		20,050,000			20,050,000

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 18.1% (continued)
Financial -  2.7% (continued)
Nassau LLC
2019-1, 3.98% due 08/15/346		18,518,671	$	18,849,190
Industrial DPR Funding Ltd.
2016-1A, 5.24% due 04/15/266		3,260,990		3,564,402
Total Financial				641,311,713
Transport-Aircraft -  1.2%
AASET US Ltd.
2018-2A, 4.45% due 11/18/386		46,071,883		43,525,006
Castlelake Aircraft Securitization Trust
2018-1, 4.13% due 06/15/436		26,493,455		25,182,132
2017-1, 3.97% due 07/15/42		12,809,247		11,995,323
2016-1, 4.45% due 08/15/41		459,202		436,687
AASET Trust
2020-1A, 3.35% due 01/16/406		27,337,328		25,732,868
2017-1A, 3.97% due 05/16/426		7,479,329		6,936,358
Sapphire Aviation Finance II Ltd.
2020-1A, 3.23% due 03/15/406		33,594,175		32,522,853
Sapphire Aviation Finance I Ltd.
2018-1A, 4.25% due 03/15/406		33,602,517		32,516,175
KDAC Aviation Finance Ltd.
2017-1A, 4.21% due 12/15/426		34,280,703		30,919,809
MAPS Ltd.
2018-1A, 4.21% due 05/15/436		24,681,645		23,520,931
AIM Aviation Finance Ltd.
2015-1A, 4.21% due 02/15/406		14,851,794		11,519,765
Raspro Trust
2005-1A, 1.14% (3 Month USD LIBOR + 0.93%, Rate Floor: 0.93%) due 03/23/245,6		11,464,250		11,166,477
WAVE LLC
2019-1, 3.60% due 09/15/446		8,187,890		7,984,484
Falcon Aerospace Ltd.
2017-1, 4.58% due 02/15/426		7,549,506		7,232,199
Stripes Aircraft Ltd.
2013-1 A1, 3.66% due 03/20/23†††		744,982		661,287
Turbine Engines Securitization Ltd.
2013-1A, 5.13% due 12/13/487		704,848		570,977
Airplanes Pass Through Trust
2001-1A, due 03/15/19†††7,9		409,604		41
Total Transport-Aircraft				272,423,372
Whole Business -  1.0%
Arbys Funding LLC
2020-1A, 3.24% due 07/30/506		97,306,125		99,428,372
ServiceMaster Funding LLC
2020-1, 3.34% due 01/30/516		28,650,000		29,138,196
2020-1, 2.84% due 01/30/516		9,800,000		9,979,830
Domino's Pizza Master Issuer LLC
2017-1A, 1.47% (3 Month USD LIBOR + 1.25%, Rate Floor: 0.00%) due 07/25/475,6		16,684,000		16,700,350
2017-1A, 4.12% due 07/25/476		10,427,500		11,170,981
Wingstop Funding LLC
2020-1A, 2.84% due 12/05/506		25,500,000		26,016,885
Wendy's Funding LLC
2019-1A, 3.78% due 06/15/496		13,056,450		13,833,700
2015-1A, 4.50% due 06/15/456		7,959,000		8,075,440
2019-1A, 4.08% due 06/15/496		1,616,375		1,744,748
Taco Bell Funding LLC
2016-1A, 4.97% due 05/25/466		14,812,750		15,975,551
Applebee's Funding LLC / IHOP Funding LLC
2019-1A, 4.72% due 06/07/496		3,491,250		3,397,300
DB Master Finance LLC
2019-1A, 4.35% due 05/20/496		592,500		640,285
Drug Royalty III Limited Partnership 1
2017-1A, 3.60% due 04/15/276		521,438		522,446
Total Whole Business				236,624,084
Net Lease -  0.9%
Capital Automotive REIT
2020-1A, 3.48% due 02/15/506		22,236,731		23,289,237
2020-1A, 3.81% due 02/15/506		20,061,637		20,983,105
2014-1A, 3.66% due 10/15/446		10,991,339		11,021,905
Capital Automotive LLC
2017-1A, 3.87% due 04/15/476		49,969,834		50,045,473

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 18.1% (continued)
Net Lease -  0.9% (continued)
2017-1A, 4.18% due 04/15/476		275,822	$	280,476
Oak Street Investment Grade Net Lease Fund Series
2020-1A, 2.21% due 11/20/506		22,217,665		22,374,413
2020-1A, 2.26% due 11/20/506		15,000,000		15,105,156
Store Master Funding I-VII
2016-1A, 3.96% due 10/20/466		28,758,576		29,546,425
CF Hippolyta LLC
2020-1, 2.28% due 07/15/606		10,498,167		10,660,564
2020-1, 2.60% due 07/15/606		3,817,515		3,854,585
STORE Master Funding I-VII
2016-1A, 4.32% due 10/20/466		11,648,014		12,100,325
STORE Master Funding I LLC
2015-1A, 4.17% due 04/20/456		9,667,112		10,008,091
STORE Master Funding LLC
2014-1A, 5.00% due 04/20/446		4,351,875		4,565,591
2013-3A, 5.21% due 11/20/436		658,310		678,688
Total Net Lease				214,514,034
Infrastructure -  0.7%
SBA Tower Trust
2.33% due 01/15/286		140,500,000		141,612,409
Secured Tenant Site Contract Revenue Notes Series
2018-1A, 3.97% due 06/15/486		21,921,261		22,431,446
Diamond Issuer LLC
2020-1A, 2.74% due 07/20/506		7,900,000		7,901,698
Total Infrastructure				171,945,553
Transport-Container -  0.6%
Textainer Marine Containers VII Ltd.
2020-1A, 2.73% due 08/21/456		66,349,543		68,248,846
CLI Funding VI LLC
2020-3A, 2.07% due 10/18/456		27,619,000		27,855,664
2020-1A, 2.08% due 09/18/456		5,790,000		5,850,994
CAL Funding IV Ltd.
2020-1A, 2.22% due 09/25/456		21,532,500		21,806,273
Global SC Finance II SRL
2014-1A, 3.19% due 07/17/296		11,925,333		11,925,484
Textainer Marine Containers VIII Ltd.
2020-2A, 2.10% due 09/20/456		11,476,490		11,636,808
Total Transport-Container				147,324,069
Collateralized Debt Obligations -  0.5%
Anchorage Credit Funding Ltd.
2016-4A, 3.50% due 02/15/356		57,100,000		57,338,964
2016-3A, 3.85% due 10/28/336		7,500,000		7,579,927
Anchorage Credit Funding 3 Ltd.
2021-3A, 2.87% due 01/28/396		54,000,000		54,058,438
Putnam Structured Product Funding Ltd.
2003-1A, 1.18% (1 Month USD LIBOR + 1.00%, Rate Floor: 0.00%) due 10/15/385,7		2,819,799		2,810,788
Total Collateralized Debt Obligations				121,788,117
Diversified Payment Rights -  0.1%
Bib Merchant Voucher Receivables Ltd.
4.18% due 04/07/28†††		21,400,000		23,014,033
CCR Incorporated MT100 Payment Rights Master Trust
2012-CA, 4.75% due 07/10/226		214,881		218,036
Total Diversified Payment Rights				23,232,069
Insurance -  0.0%
Chesterfield Financial Holdings LLC
2014-1A, 4.50% due 12/15/346		2,981,250		3,065,515
321 Henderson Receivables VI LLC
2010-1A, 5.56% due 07/15/596		1,190,936		1,330,936
JGWPT XXV LLC
2012-1A, 4.21% due 02/16/656		509,537		597,101
JG Wentworth XXXV LLC
2015-2A, 3.87% due 03/15/586		39,296		45,103
Total Insurance				5,038,655
Transport-Rail -  0.0%
TRIP Rail Master Funding LLC
2017-1A, 2.71% due 08/15/476		699,793		700,677
Total Asset-Backed Securities
(Cost $4,338,023,434)				4,339,831,466

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 14.6%
Residential Mortgage Backed Securities -  6.6%
CSMC Trust
2020-RPL5, 3.02% due 08/25/606		106,845,439	$	107,149,713
2018-RPL9, 3.85% (WAC) due 09/25/575,6		33,660,003		35,996,341
2020-NQM1, 1.72% due 05/25/656,10		13,463,760		13,492,005
FKRT
2020-C2A, 3.25% due 12/30/237		114,051,000		114,127,018
Home Equity Loan Trust
2007-FRE1, 0.34% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 04/25/375		80,563,626		75,443,582
Soundview Home Loan Trust
2006-OPT5, 0.29% (1 Month USD LIBOR + 0.14%, Rate Floor: 0.14%) due 07/25/365		61,811,741		60,091,793
2005-OPT3, 0.62% (1 Month USD LIBOR + 0.47%, Rate Floor: 0.47%) due 11/25/355		12,125,000		12,061,142
Starwood Mortgage Residential Trust
2020-1, 2.28% (WAC) due 02/25/505,6		21,282,783		21,751,277
2019-1, 2.94% (WAC) due 06/25/495,6		18,426,624		18,690,405
2020-1, 2.56% (WAC) due 02/25/505,6		12,023,568		12,260,621
2020-1, 2.41% (WAC) due 02/25/505,6		9,248,898		9,447,338
JP Morgan Mortgage Acquisition Trust 2006-WMC4
2006-WMC4, 0.28% (1 Month USD LIBOR + 0.13%, Rate Floor: 0.13%) due 12/25/365		78,177,386		60,285,498
Verus Securitization Trust
2020-1, 2.42% due 01/25/606,10		28,873,690		29,411,598
2019-4, 2.64% due 11/25/596,10		24,418,455		24,984,600
Citigroup Mortgage Loan Trust, Inc.
2007-AMC1, 0.31% (1 Month USD LIBOR + 0.16%, Rate Floor: 0.16%) due 12/25/365,6		27,370,195		18,906,438
2005-HE3, 0.88% (1 Month USD LIBOR + 0.74%, Rate Floor: 0.74%) due 09/25/355		9,851,155		9,813,453
2007-AMC3, 0.33% (1 Month USD LIBOR + 0.18%, Rate Floor: 0.18%) due 03/25/375		8,324,800		7,483,160
2006-WF1, 5.19% due 03/25/36		9,867,897		6,937,419
NovaStar Mortgage Funding Trust Series
2007-2, 0.35% (1 Month USD LIBOR + 0.20%, Rate Cap/Floor: 11.00%/0.20%) due 09/25/375		41,011,582		39,292,307
2007-1, 0.28% (1 Month USD LIBOR + 0.13%, Rate Cap/Floor: 11.00%/0.13%) due 03/25/375		3,606,384		2,645,252
Structured Asset Securities Corporation Mortgage Loan Trust
2008-BC4, 0.78% (1 Month USD LIBOR + 0.63%, Rate Floor: 0.63%) due 11/25/375		36,422,897		35,648,080
2006-BC4, 0.32% (1 Month USD LIBOR + 0.17%, Rate Floor: 0.17%) due 12/25/365		4,456,763		4,376,366
2006-BC6, 0.32% (1 Month USD LIBOR + 0.17%, Rate Floor: 0.17%) due 01/25/375		544,134		533,885
2006-OPT1, 0.41% (1 Month USD LIBOR + 0.26%, Rate Floor: 0.26%) due 04/25/365		123,767		122,423
BRAVO Residential Funding Trust
2019-NQM1, 2.67% (WAC) due 07/25/595,6		25,599,447		26,201,034
2019-NQM2, 2.75% (WAC) due 11/25/595,6		13,162,193		13,574,626
CIT Mortgage Loan Trust
2007-1, 1.50% (1 Month USD LIBOR + 1.35%, Rate Floor: 1.35%) due 10/25/375,6		36,535,506		36,709,466
Homeward Opportunities Fund I Trust
2019-3, 2.68% (WAC) due 11/25/595,6		20,218,909		20,584,123
2019-2, 2.70% (WAC) due 09/25/595,6		14,369,741		14,527,961
CIM Trust
2018-R4, 4.07% (WAC) due 12/26/575,6		23,418,092		23,521,412
2018-R2, 3.69% (WAC) due 08/25/575,6		10,312,409		10,320,487

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 14.6% (continued)
Residential Mortgage Backed Securities -  6.6% (continued)
Alternative Loan Trust
2007-OA4, 0.32% (1 Month USD LIBOR + 0.17%, Rate Floor: 0.17%) due 05/25/475		23,009,973	$	21,280,900
2007-OH3, 0.44% (1 Month USD LIBOR + 0.29%, Rate Cap/Floor: 10.00%/0.29%) due 09/25/475		8,659,866		8,067,888
2007-OA7, 0.33% (1 Month USD LIBOR + 0.18%, Rate Floor: 0.18%) due 05/25/475		3,680,390		3,424,912
2007-OH3, 0.37% (1 Month USD LIBOR + 0.22%, Rate Cap/Floor: 10.00%/0.22%) due 09/25/475		860,822		796,990
New Residential Mortgage Loan Trust
2019-6A, 3.50% (WAC) due 09/25/595,6		13,811,166		14,654,541
2018-1A, 4.00% (WAC) due 12/25/575,6		11,376,572		12,302,121
2018-2A, 3.50% (WAC) due 02/25/585,6		2,981,851		3,126,070
HSI Asset Securitization Corporation Trust
2006-OPT2, 0.73% (1 Month USD LIBOR + 0.59%, Rate Floor: 0.59%) due 01/25/365		29,140,000		28,944,048
Cascade Funding Mortgage Trust
2018-RM2, 4.00% (WAC) due 10/25/685,7		15,656,671		16,165,344
2019-RM3, 2.80% (WAC) due 06/25/695,7		12,217,566		12,362,601
GSAMP Trust
2007-NC1, 0.28% (1 Month USD LIBOR + 0.13%, Rate Floor: 0.13%) due 12/25/465		31,199,528		19,759,859
2006-HE8, 0.38% (1 Month USD LIBOR + 0.23%, Rate Floor: 0.23%) due 01/25/375		10,107,000		8,620,741
2005-HE6, 0.81% (1 Month USD LIBOR + 0.66%, Rate Floor: 0.66%) due 11/25/355		104,888		104,604
American Home Mortgage Investment Trust
2007-1, 2.08% due 05/25/4711		162,414,234		27,148,335
ACE Securities Corporation Home Equity Loan Trust Series
2006-NC1, 0.76% (1 Month USD LIBOR + 0.62%, Rate Floor: 0.62%) due 12/25/355		16,761,000		15,964,028
2005-HE2, 1.17% (1 Month USD LIBOR + 1.02%, Rate Floor: 1.02%) due 04/25/355		7,700,000		7,629,988
Residential Mortgage Loan Trust
2020-1, 2.38% (WAC) due 02/25/245,6		17,794,187		18,134,008
2020-1, 2.68% (WAC) due 02/25/245,6		4,427,856		4,503,846
RALI Series Trust
2007-QO4, 0.34% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 05/25/475		6,969,191		6,426,366
2006-QO2, 0.59% (1 Month USD LIBOR + 0.44%, Rate Floor: 0.44%) due 02/25/465		18,604,109		5,797,238
2007-QO2, 0.30% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 02/25/475		9,274,481		4,876,697
2006-QO2, 0.69% (1 Month USD LIBOR + 0.54%, Rate Floor: 0.54%) due 02/25/465		6,033,219		1,951,525
2006-QO6, 0.51% (1 Month USD LIBOR + 0.36%, Rate Floor: 0.36%) due 06/25/465		5,251,887		1,842,574
2007-QO3, 0.31% (1 Month USD LIBOR + 0.16%, Rate Floor: 0.16%) due 03/25/475		1,287,001		1,205,051
IXIS Real Estate Capital Trust
2007-HE1, 0.26% (1 Month USD LIBOR + 0.11%, Rate Floor: 0.11%) due 05/25/375		29,463,075		10,032,528
2006-HE1, 0.75% (1 Month USD LIBOR + 0.60%, Rate Floor: 0.60%) due 03/25/365		13,821,194		9,114,996
2007-HE1, 0.38% (1 Month USD LIBOR + 0.23%, Rate Floor: 0.23%) due 05/25/375		3,356,792		1,175,964

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 14.6% (continued)
Residential Mortgage Backed Securities -  6.6% (continued)
2007-HE1, 0.21% (1 Month USD LIBOR + 0.06%, Rate Floor: 0.06%) due 05/25/375		2,746,355	$	923,943
Lehman XS Trust Series
2007-4N, 0.35% (1 Month USD LIBOR + 0.20%, Rate Floor: 0.20%) due 03/25/475		11,750,196		11,656,802
2007-2N, 0.33% (1 Month USD LIBOR + 0.18%, Rate Floor: 0.18%) due 02/25/375		6,683,947		6,359,098
2007-15N, 0.40% (1 Month USD LIBOR + 0.25%, Rate Floor: 0.00%) due 08/25/375		2,816,621		2,607,680
2006-10N, 0.36% (1 Month USD LIBOR + 0.21%, Rate Floor: 0.21%) due 07/25/465		505,476		498,629
Bear Stearns Asset Backed Securities I Trust
2006-HE9, 0.29% (1 Month USD LIBOR + 0.14%, Rate Floor: 0.14%) due 11/25/365		21,427,823		20,533,538
First NLC Trust
2005-4, 0.93% (1 Month USD LIBOR + 0.78%, Rate Cap/Floor: 14.00%/0.78%) due 02/25/365		17,986,158		17,718,051
2005-1, 0.61% (1 Month USD LIBOR + 0.46%, Rate Cap/Floor: 14.00%/0.46%) due 05/25/355		2,721,252		2,618,303
SPS Servicer Advance Receivables Trust
2020-T2, 1.83% due 11/15/556		20,000,000		20,116,376
Deephaven Residential Mortgage Trust
2019-3A, 2.96% (WAC) due 07/25/595,6		14,433,727		14,581,973
2018-4A, 4.29% (WAC) due 10/25/585,6		4,470,258		4,424,510
2018-1A, 3.03% (WAC) due 12/25/575,6		1,034,607		1,036,810
SG Residential Mortgage Trust
2019-3, 2.70% (WAC) due 09/25/595,6		18,527,435		18,782,041
Angel Oak Mortgage Trust
2020-1, 2.77% (WAC) due 12/25/595,6		10,924,270		11,104,900
2020-1, 2.67% (WAC) due 12/25/595,6		7,246,323		7,365,108
LSTAR Securities Investment Ltd.
2019-5, 1.66% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 11/01/245,6		17,977,095		17,772,428
Argent Securities Incorporated Asset-Backed Pass-Through Certificates Series
2005-W4, 0.91% (1 Month USD LIBOR + 0.76%, Rate Floor: 0.76%) due 02/25/365		12,538,039		11,392,749
2005-W2, 0.88% (1 Month USD LIBOR + 0.74%, Rate Floor: 0.74%) due 10/25/355		6,435,000		6,375,981
ABFC 2007-WMC1 Trust
2007-WMC1, 1.40% (1 Month USD LIBOR + 1.25%, Rate Floor: 1.25%) due 06/25/375		19,475,650		16,939,239
Washington Mutual Mortgage Pass-Through Certificates WMALT Series Trust
2006-AR9, 1.44% (1 Year CMT Rate + 0.83%, Rate Floor: 0.83%) due 11/25/465		11,817,066		10,480,158
2006-AR9, 1.45% (1 Year CMT Rate + 0.84%, Rate Floor: 0.84%) due 11/25/465		5,557,612		4,658,244
2006-7, 4.18% due 09/25/36		2,389,819		997,401
2006-8, 4.24% due 10/25/36		401,055		202,702
HarborView Mortgage Loan Trust
2006-14, 0.30% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 01/25/475		9,682,662		8,828,662
2006-12, 0.34% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 01/19/385		7,519,254		7,009,443
Securitized Asset Backed Receivables LLC Trust
2006-WM4, 0.23% (1 Month USD LIBOR + 0.08%, Rate Floor: 0.08%) due 11/25/365		33,344,052		13,156,539

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 14.6% (continued)
Residential Mortgage Backed Securities -  6.6% (continued)
2006-HE2, 0.30% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 07/25/365	$	3,891,271	$	2,225,763
Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2006-AR10 Trust
2006-AR10, 0.32% (1 Month USD LIBOR + 0.17%, Rate Floor: 0.17%) due 12/25/365		14,058,653		13,268,279
Citigroup Mortgage Loan Trust
2019-IMC1, 2.72% (WAC) due 07/25/495,6		12,810,048		13,039,872
Morgan Stanley ABS Capital I Incorporated Trust
2006-HE6, 0.39% (1 Month USD LIBOR + 0.24%, Rate Floor: 0.24%) due 09/25/365		26,344,637		13,036,997
First Franklin Mortgage Loan Trust
2006-FF3, 0.73% (1 Month USD LIBOR + 0.58%, Rate Floor: 0.58%) due 02/25/365		8,616,000		8,486,353
2004-FF10, 1.42% (1 Month USD LIBOR + 1.28%, Rate Floor: 1.28%) due 07/25/345		4,445,766		4,447,796
Legacy Mortgage Asset Trust
2018-GS3, 4.00% due 06/25/586,10		12,704,445		12,788,686
Credit-Based Asset Servicing and Securitization LLC
2006-CB2, 0.53% (1 Month USD LIBOR + 0.38%, Rate Floor: 0.38%) due 12/25/365		13,017,576		12,588,998
Asset Backed Securities Corporation Home Equity Loan Trust Series AEG
2006-HE1, 0.55% (1 Month USD LIBOR + 0.40%, Rate Floor: 0.40%) due 01/25/365		10,072,000		9,687,434
Morgan Stanley ABS Capital I Incorporated Trust
2006-NC1, 0.72% (1 Month USD LIBOR + 0.57%, Rate Floor: 0.57%) due 12/25/355		6,698,926		6,658,438
2007-HE6, 0.21% (1 Month USD LIBOR + 0.06%, Rate Floor: 0.06%) due 05/25/375		3,459,646		3,000,317
Wachovia Asset Securitization Issuance II LLC Trust
2007-HE2A, 0.28% (1 Month USD LIBOR + 0.13%, Rate Floor: 0.13%) due 07/25/375,6		5,476,590		5,112,027
2007-HE1, 0.29% (1 Month USD LIBOR + 0.14%, Rate Floor: 0.14%) due 07/25/375,6		4,461,086		4,151,337
JP Morgan Mortgage Acquisition Trust
2006-WMC4, 0.27% (1 Month USD LIBOR + 0.12%, Rate Floor: 0.12%) due 12/25/365		13,961,712		8,945,901
WaMu Mortgage Pass-Through Certificates Series Trust
2007-OA6, 1.42% (1 Year CMT Rate + 0.81%, Rate Floor: 0.81%) due 07/25/475		6,446,095		5,543,049
2006-AR13, 1.49% (1 Year CMT Rate + 0.88%, Rate Floor: 0.88%) due 10/25/465		1,938,366		1,773,256
2006-AR11, 1.53% (1 Year CMT Rate + 0.92%, Rate Floor: 0.92%) due 09/25/465		1,058,005		1,014,218
WaMu Asset-Backed Certificates WaMu Series
2007-HE4, 0.32% (1 Month USD LIBOR + 0.17%, Rate Floor: 0.17%) due 07/25/475		6,117,935		5,088,301
2007-HE4, 0.40% (1 Month USD LIBOR + 0.25%, Rate Floor: 0.25%) due 07/25/475		4,342,115		3,214,116
Impac Secured Assets CMN Owner Trust
2005-2, 0.65% (1 Month USD LIBOR + 0.50%, Rate Floor: 0.50%) due 03/25/365		9,095,389		8,208,148
American Home Mortgage Assets Trust
2006-4, 0.34% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 10/25/465		9,218,302		5,866,301

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 14.6% (continued)
Residential Mortgage Backed Securities -  6.6% (continued)
2006-6, 0.34% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 12/25/465	$	2,093,498	$	1,729,431
Merrill Lynch Mortgage Investors Trust Series
2006-HE6, 0.29% (1 Month USD LIBOR + 0.14%, Rate Floor: 0.14%) due 11/25/375		10,510,614		7,176,427
CSMC Series
2015-12R, 0.65% (WAC) due 11/30/375,6		6,543,279		6,521,940
LSTAR Securities Investment Trust
2019-1, 1.86% (1 Month USD LIBOR + 1.70%, Rate Floor: 0.00%) due 03/01/245,6		6,371,234		6,394,037
Long Beach Mortgage Loan Trust
2006-8, 0.31% (1 Month USD LIBOR + 0.16%, Rate Floor: 0.16%) due 09/25/365		8,055,781		3,263,864
2006-6, 0.40% (1 Month USD LIBOR + 0.25%, Rate Floor: 0.25%) due 07/25/365		5,233,288		2,774,357
GSAMP Trust 2006-NC2
2006-NC2, 0.30% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 06/25/365		7,825,924		5,482,098
Structured Asset Investment Loan Trust
2005-11, 0.87% (1 Month USD LIBOR + 0.72%, Rate Floor: 0.72%) due 01/25/365		4,039,805		3,977,369
2006-3, 0.30% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 06/25/365		755,316		739,437
2004-BNC2, 1.35% (1 Month USD LIBOR + 1.20%, Rate Floor: 1.20%) due 12/25/345		722,547		722,826
ASG Resecuritization Trust
2010-3, 0.73% (1 Month USD LIBOR + 0.29%, Rate Cap/Floor: 10.50%/0.29%) due 12/28/455,6		4,274,550		4,154,916
Merrill Lynch Alternative Note Asset Trust Series
2007-A1, 0.30% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 01/25/375		8,611,386		3,848,546
CWABS Asset-Backed Certificates Trust
2004-15, 1.50% (1 Month USD LIBOR + 1.35%, Rate Floor: 1.35%) due 04/25/355		3,490,000		3,480,159
Morgan Stanley Capital I Incorporated Trust
2006-HE1, 0.73% (1 Month USD LIBOR + 0.58%, Rate Floor: 0.58%) due 01/25/365		3,190,301		3,121,560
Deutsche Alt-A Securities Mortgage Loan Trust Series
2007-OA2, 1.38% (1 Year CMT Rate + 0.77%, Rate Floor: 0.77%) due 04/25/475		3,124,723		2,884,800
Nationstar HECM Loan Trust
2019-2A, 2.27% (WAC) due 11/25/295,6		2,693,676		2,699,401
Morgan Stanley Resecuritization Trust
2014-R9, 0.29% (1 Month USD LIBOR + 0.14%, Rate Floor: 0.14%) due 11/26/465,6		2,604,961		2,500,097
GE-WMC Asset-Backed Pass-Through Certificates Series
2005-2, 0.65% (1 Month USD LIBOR + 0.50%, Rate Floor: 0.50%) due 12/25/355		2,037,449		2,032,368
GSAA Home Equity Trust
2005-6, 0.79% (1 Month USD LIBOR + 0.65%, Rate Floor: 0.65%) due 06/25/355		1,640,550		1,660,933
2007-7, 0.69% (1 Month USD LIBOR + 0.54%, Rate Floor: 0.54%) due 07/25/375		144,567		140,909
Nomura Resecuritization Trust
2015-4R, 1.71% (1 Month USD LIBOR + 0.43%, Rate Floor: 0.43%) due 03/26/365,6		1,266,706		1,259,384

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 14.6% (continued)
Residential Mortgage Backed Securities -  6.6% (continued)
2015-4R, 0.67% (1 Month USD LIBOR + 0.39%, Rate Floor: 0.39%) due 12/26/365,6		489,942	$	480,738
Countrywide Asset-Backed Certificates
2005-15, 0.60% (1 Month USD LIBOR + 0.45%, Rate Floor: 0.45%) due 03/25/365		1,500,000		1,447,677
Impac Secured Assets Trust
2006-2, 0.32% (1 Month USD LIBOR + 0.17%, Rate Cap/Floor: 11.50%/0.17%) due 08/25/365		1,214,336		1,071,170
Alliance Bancorp Trust
2007-OA1, 0.39% (1 Month USD LIBOR + 0.24%, Rate Floor: 0.24%) due 07/25/375		796,173		716,845
UCFC Manufactured Housing Contract
1997-2, 7.38% due 10/15/28		371,143		388,806
Morgan Stanley Re-REMIC Trust
2010-R5, 1.57% due 06/26/366		199,862		179,802
Irwin Home Equity Loan Trust
2007-1, 6.35% due 08/25/376		27,123		27,639
GreenPoint Mortgage Funding Trust
2007-AR1, 0.23% (1 Month USD LIBOR + 0.08%, Rate Floor: 0.08%) due 02/25/47†††,5		161		161
Total Residential Mortgage Backed Securities				1,588,969,178
Government Agency -  6.0%
Fannie Mae
2.43% due 01/01/30		73,200,000		79,213,346
3.59% due 02/01/29		38,601,855		43,651,867
3.40% due 02/01/33		25,000,000		29,420,348
3.60% due 03/01/31		24,586,000		29,071,192
2.40% due 03/01/40		27,004,000		28,790,427
2.90% due 11/01/29		21,378,000		23,920,985
2.81% due 09/01/39		20,780,000		23,446,078
3.83% due 05/01/49		19,000,000		22,332,542
2.96% due 11/01/29		18,620,000		20,906,180
2013-124,  due 12/25/4312		22,187,149		20,333,348
4.17% due 02/01/49		16,500,000		20,037,594
2.30% due 11/01/29		17,060,000		18,456,013
2.46% due 01/01/30		14,500,000		15,744,629
4.08% due 04/01/49		12,879,000		15,570,166
3.42% due 09/01/47		12,809,650		14,732,606
3.07% due 01/01/28		13,100,000		14,287,183
2.55% due 12/01/29		12,478,000		13,603,059
2.07% due 10/01/50		13,482,997		13,451,803
3.59% due 04/01/33		11,197,493		12,868,873
2.00% due 09/01/50		12,118,431		11,916,493
4.21% due 10/01/48		9,750,000		11,856,459
3.03% due 12/01/27		10,900,000		11,854,750
3.05% due 10/01/29		9,600,000		10,706,787
3.17% due 02/01/28		9,450,000		10,454,381
2013-100,  due 10/25/4312		11,059,038		10,072,335
3.04% due 01/01/28		8,900,000		9,689,612
1.86% due 11/01/25		8,930,159		9,355,768
3.43% due 03/01/33		8,100,000		9,288,118
1.76% due 08/01/40		9,360,000		9,151,943
3.01% due 12/01/27		7,500,000		8,147,440
2.09% due 04/01/35		7,721,780		8,106,493
2.10% due 07/01/50		7,690,933		7,674,427
2.99% due 09/01/29		6,800,000		7,656,816
3.29% due 03/01/33		6,700,000		7,575,700
3.14% due 01/01/28		6,900,000		7,557,034
4.04% due 08/01/48		6,100,000		7,316,586

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 14.6% (continued)
Government Agency -  6.0% (continued)
2.79% due 01/01/32		6,505,653	$	7,278,761
3.61% due 04/01/39		6,193,000		7,204,463
2.15% due 09/01/29		6,683,000		7,127,638
3.56% due 02/01/38		6,381,039		7,117,262
3.05% due 03/01/50		6,175,474		6,818,669
3.13% due 02/01/28		5,900,000		6,264,565
1.83% due 08/01/40		5,775,944		5,866,210
2.50% due 04/01/35		5,474,270		5,706,552
4.07% due 05/01/49		4,797,139		5,653,095
4.27% due 12/01/33		4,609,140		5,591,883
3.16% due 11/01/30		4,906,315		5,428,685
2.17% due 10/01/50		5,304,913		5,338,124
2.62% due 11/01/28		4,700,000		5,186,262
2.99% due 01/01/40		4,429,000		5,122,952
3.11% due 11/01/27		4,500,000		4,976,607
3.71% due 04/01/31		4,200,000		4,930,530
3.50% due 02/01/48		4,126,522		4,831,951
3.76% due 03/01/37		4,000,000		4,662,435
3.37% due 06/01/39		4,067,000		4,653,097
2.39% due 02/01/27		4,307,000		4,648,562
3.65% due 03/01/33		3,600,000		4,154,288
3.69% due 03/01/29		3,500,000		4,050,580
4.24% due 08/01/48		3,400,000		4,006,560
3.92% due 04/01/39		3,198,000		3,862,019
2.94% due 02/01/40		3,401,115		3,802,014
3.33% due 04/01/30		2,922,343		3,339,343
2.96% due 10/01/49		2,911,845		3,239,149
3.94% due 06/01/35		2,600,000		3,015,463
3.12% due 02/01/28		2,600,000		2,945,844
3.50% due 12/01/47		2,681,924		2,911,194
2.62% due 11/01/29		2,635,000		2,894,820
2.86% due 01/01/33		2,524,000		2,815,462
3.26% due 11/01/46		2,456,874		2,768,004
2.92% due 03/01/50		2,411,257		2,669,123
2.51% due 07/01/50		2,435,794		2,573,374
3.58% due 12/01/27		2,229,725		2,545,724
2.69% due 10/01/34		2,299,594		2,506,671
3.51% due 11/01/37		2,150,000		2,475,873
2.53% due 12/01/26		2,250,000		2,408,276
1.68% due 09/01/37		2,175,923		2,224,511
4.00% due 12/01/38		1,996,845		2,148,394
2.68% due 04/01/50		1,975,296		2,132,332
4.50% due 03/01/48		1,900,387		2,061,577
2.77% due 02/01/36		1,774,470		1,952,894
3.46% due 08/01/49		1,713,858		1,918,589
3.50% due 12/01/46		1,772,108		1,886,859
3.48% due 04/01/28		1,500,000		1,671,358
4.00% due 01/01/46		1,407,420		1,526,674
4.00% due 08/01/47		1,393,440		1,526,601
3.74% due 02/01/48		1,272,534		1,505,965
3.08% due 02/01/33		1,300,000		1,486,254
3.27% due 08/01/34		1,292,609		1,471,816
2.97% due 11/01/25		1,343,379		1,467,277
2.32% due 07/01/50		1,402,976		1,440,567
3.02% due 11/01/27		1,300,000		1,412,580
4.05% due 09/01/48		1,173,904		1,378,407
2.89% due 05/01/33		1,234,803		1,366,909
2.50% due 01/01/35		1,298,872		1,354,100
3.50% due 12/01/45		1,220,696		1,315,601
2.25% due 10/01/50		1,296,357		1,300,920
3.96% due 06/01/49		978,452		1,173,962
2.34% due 05/01/27		1,070,472		1,151,387
3.13% due 01/01/30		1,000,000		1,134,360
3.00% due 07/01/46		1,071,409		1,127,140
3.60% due 10/01/47		949,076		1,102,670
3.18% due 09/01/42		881,440		937,508
3.63% due 01/01/37		719,997		827,462
3.36% due 12/01/39		700,000		798,357
3.91% due 07/01/49		686,030		782,347
4.50% due 02/01/45		640,571		716,027
2.75% due 11/01/31		635,191		701,532
3.99% due 06/01/49		538,955		620,633
5.00% due 12/01/44		441,895		498,080
5.00% due 05/01/44		427,221		478,326
3.50% due 08/01/43		410,666		446,608
4.50% due 05/01/47		400,875		440,650
4.33% due 09/01/48		338,875		404,140
4.22% due 04/01/49		315,000		374,748
Freddie Mac Multifamily Structured Pass Through Certificates
2019-1513, 2.80% due 08/25/34		68,400,000		78,080,926
2017-KW03, 3.02% due 06/25/27		65,900,000		73,674,434
2018-K074, 3.60% due 02/25/28		34,823,000		40,659,491
2020-KJ28, 2.31% due 10/25/27		30,862,000		33,152,575
2017-K066, 3.20% due 06/25/27		19,507,000		22,229,206
2019-KJ27, 2.59% due 03/25/25		19,000,000		20,404,940
2017-K061, 3.44% (WAC) due 11/25/265		15,000,000		17,155,262
2016-K060, 3.30% (WAC) due 10/25/265		13,000,000		14,771,368
2018-K073, 3.45% (WAC) due 01/25/285		11,600,000		13,478,084
2018-K078, 3.92% due 06/25/28		10,150,000		12,094,019
2017-K069, 3.25% (WAC) due 09/25/275		10,000,000		11,400,799
2016-K057, 2.62% due 08/25/26		10,000,000		10,942,786
2018-K154, 3.46% due 11/25/32		8,500,000		10,123,446
2016-K152, 3.08% due 01/25/31		7,090,000		8,131,542
2017-K070, 3.36% due 12/25/27		6,000,000		6,936,709
2015-K151, 3.51% due 04/25/30		2,105,000		2,491,839
2015-K043, 0.53% (WAC) due 12/25/245,11		43,181,577		808,791
2014-K715, 2.86% due 01/25/21		48,311		48,296
Fannie Mae-Aces
2017-M11, 2.98% due 08/25/29		52,100,000		59,172,742
2020-M23, 1.74% due 03/25/35		50,222,656		51,508,652
2020-M23, 1.50% (WAC) due 03/25/355,11		300,353,159		41,302,554
2018-M3, 3.09% (WAC) due 02/25/305		7,800,000		8,905,915
Freddie Mac Seasoned Credit Risk Transfer Trust
2020-2, 2.00% due 11/25/59		16,804,310		17,319,984
2020-3, 2.00% due 05/25/60		13,633,317		14,043,630
Freddie Mac
3.55% due 10/01/33		4,572,409		5,250,305
2018-4762, 4.00% due 01/15/46		4,673,889		4,901,920
3.26% due 09/01/45		2,256,446		2,405,237
3.50% due 01/01/44		1,599,436		1,730,917
1.96% due 05/01/50		1,599,346		1,597,351
4.00% due 02/01/46		1,402,155		1,521,058
1.95% due 05/01/50		1,473,421		1,469,212
4.00% due 11/01/45		1,104,977		1,200,717
3.00% due 08/01/46		1,103,989		1,161,187
3.40% due 04/01/31		991,979		1,149,392

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 14.6% (continued)
Government Agency -  6.0% (continued)
4.50% due 06/01/48		911,545	$	989,943
FREMF Mortgage Trust
2013-K29, 0.13% due 05/25/466,11		734,697,575		1,504,220
Total Government Agency				1,433,597,036
Military Housing -  1.1%
Freddie Mac Military Housing Bonds Resecuritization Trust Certificates
2015-R1, 1.93% (WAC) due 11/25/555,6		115,464,753		140,443,634
2015-R1, 6.19% (WAC) due 11/25/525,6		22,197,554		25,924,408
2015-R1, 4.32% (WAC) due 10/25/525,6		13,639,781		15,746,629
2015-R1, 0.29% (WAC) due 11/25/555,6,11		173,861,961		12,164,617
Capmark Military Housing Trust
2006-RILY, 6.15% due 07/10/516		12,985,049		14,786,471
2008-AMCW, 6.90% due 07/10/556		8,251,750		11,927,679
2007-AETC, 5.75% due 02/10/526		7,375,589		8,367,733
2007-ROBS, 6.06% due 10/10/526		4,651,090		5,394,114
2006-RILY, 2.09% (1 Month USD LIBOR + 0.37%, Rate Floor: 0.37%) due 07/10/515,6		6,961,721		4,038,477
2007-AET2, 6.06% due 10/10/526		3,055,402		3,545,410
GMAC Commercial Mortgage Asset Corp.
2007-HCKM, 6.11% due 08/10/526		22,085,680		25,167,196
2005-DRUM, 5.47% due 05/10/50†††,6		4,513,969		4,942,883
2005-BLIS, 5.25% due 07/10/506		2,500,000		2,811,241
Total Military Housing				275,260,492
Commercial Mortgage Backed Securities -  0.9%
Citigroup Commercial Mortgage Trust
2019-GC43, 0.63% (WAC) due 11/10/525,11		219,618,204		10,114,472
2019-GC41, 1.06% (WAC) due 08/10/565,11		104,734,670		7,265,894
2016-C2, 1.75% (WAC) due 08/10/495,11		33,321,137		2,527,555
2016-P4, 1.96% (WAC) due 07/10/495,11		31,614,973		2,422,583
2016-P5, 1.50% (WAC) due 10/10/495,11		30,623,133		1,794,758
2016-GC37, 1.70% (WAC) due 04/10/495,11		20,754,674		1,476,612
2015-GC35, 0.78% (WAC) due 11/10/485,11		30,579,518		874,262
2015-GC29, 1.04% (WAC) due 04/10/485,11		19,504,724		745,190
2016-C3, 1.14% (WAC) due 11/15/495,11		11,957,818		528,046
2013-GC15, 4.37% (WAC) due 09/10/465		380,000		414,522
GB Trust
2020-FLIX, 2.51% (1 Month USD LIBOR + 2.35%, Rate Floor: 2.35%) due 08/15/375,6		23,300,000		23,461,849
2020-FLIX, 1.76% (1 Month USD LIBOR + 1.60%, Rate Floor: 1.60%) due 08/15/375,6		2,000,000		2,008,982
Wells Fargo Commercial Mortgage Trust
2017-C38, 1.05% (WAC) due 07/15/505,11		71,386,805		3,658,238
2016-BNK1, 1.74% (WAC) due 08/15/495,11		36,334,555		2,843,746
2017-RB1, 1.24% (WAC) due 03/15/505,11		40,036,818		2,482,219
2016-C35, 1.93% (WAC) due 07/15/485,11		26,100,305		2,076,133
2017-C42, 0.88% (WAC) due 12/15/505,11		34,992,353		1,782,136
2015-NXS4, 1.04% (WAC) due 12/15/485,11		40,194,474		1,701,042
2017-RC1, 1.49% (WAC) due 01/15/605,11		25,686,230		1,613,910
2016-C32, 4.73% (WAC) due 01/15/595		1,400,000		1,556,455
2016-NXS5, 1.46% (WAC) due 01/15/595,11		24,053,044		1,389,087
2015-P2, 0.92% (WAC) due 12/15/485,11		28,005,274		1,084,221
2015-C30, 0.89% (WAC) due 09/15/585,11		30,459,152		1,065,330
2016-C37, 0.96% (WAC) due 12/15/495,11		15,598,655		494,549
2015-NXS1, 1.10% (WAC) due 05/15/485,11		8,927,661		329,341
GS Mortgage Securities Trust
2020-GC45, 0.67% (WAC) due 02/13/535,11		153,965,229		7,647,761
2019-GC42, 0.81% (WAC) due 09/01/525,11		69,784,441		4,001,398
2017-GS6, 1.04% (WAC) due 05/10/505,11		42,419,756		2,364,117
2017-GS6, 3.87% due 05/10/50		521,000		577,829

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 14.6% (continued)
Commercial Mortgage Backed Securities -  0.9% (continued)
2015-GC28, 1.00% (WAC) due 02/10/485,11		16,157,986	$	540,902
JPMDB Commercial Mortgage Securities Trust
2017-C7, 0.88% (WAC) due 10/15/505,11		135,436,567		6,119,769
2016-C4, 0.79% (WAC) due 12/15/495,11		85,195,328		3,295,057
2016-C4, 3.64% (WAC) due 12/15/495		2,650,000		2,819,893
2016-C2, 1.57% (WAC) due 06/15/495,11		28,109,458		1,651,209
2017-C5, 0.93% (WAC) due 03/15/505,11		8,554,044		390,253
COMM Mortgage Trust
2018-COR3, 0.44% (WAC) due 05/10/515,11		197,583,653		5,781,436
2015-CR26, 0.93% (WAC) due 10/10/485,11		83,919,975		3,050,256
2015-CR24, 0.76% (WAC) due 08/10/485,11		47,130,347		1,398,998
2015-CR23, 0.89% (WAC) due 05/10/485,11		40,881,422		1,212,032
2015-CR27, 0.94% (WAC) due 10/10/485,11		27,225,095		1,009,487
2015-CR23, 3.80% due 05/10/48		700,000		770,575
2013-CR13, 0.76% (WAC) due 11/10/465,11		36,483,003		699,671
2014-LC15, 1.09% (WAC) due 04/10/475,11		11,234,439		308,747
BENCHMARK Mortgage Trust
2019-B14, 0.79% (WAC) due 12/15/625,11		109,571,295		5,491,626
2018-B2, 0.42% (WAC) due 02/15/515,11		131,508,609		2,786,457
2018-B6, 0.44% (WAC) due 10/10/515,11		64,488,397		1,535,836
2018-B6, 4.62% (WAC) due 10/10/515		750,000		860,087
GS Mortgage Securities Corporation Trust
2020-UPTN, 3.25% (WAC) due 02/10/375,6		5,350,000		5,235,813
2020-DUNE, 1.51% (1 Month USD LIBOR + 1.35%, Rate Floor: 1.35%) due 12/15/365,6		3,750,000		3,554,182
2020-DUNE, 2.06% (1 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 12/15/365,6		1,000,000		898,563
CSAIL Commercial Mortgage Trust
2019-C15, 1.05% (WAC) due 03/15/525,11		97,104,759		6,298,623
2015-C1, 0.83% (WAC) due 04/15/505,11		51,175,296		1,412,581
2016-C6, 1.92% (WAC) due 01/15/495,11		5,589,888		418,298
BANK
2020-BN25, 0.44% (WAC) due 01/15/635,11		140,000,000		5,219,830
2017-BNK6, 0.82% (WAC) due 07/15/605,11		42,695,502		1,699,332
2017-BNK4, 1.40% (WAC) due 05/15/505,11		12,900,467		816,763
BX Commercial Mortgage Trust
2019-XL, 2.16% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 10/15/365,6		6,882,409		6,778,884
GRACE Mortgage Trust
2014-GRCE, 3.37% due 06/10/286		6,000,000		5,999,329
UBS Commercial Mortgage Trust
2017-C5, 1.00% (WAC) due 11/15/505,11		53,480,238		2,568,453
2017-C2, 1.08% (WAC) due 08/15/505,11		50,650,865		2,495,330
CD Mortgage Trust
2016-CD1, 1.39% (WAC) due 08/10/495,11		34,507,488		1,997,559
2017-CD6, 0.92% (WAC) due 11/13/505,11		45,387,388		1,874,417
2016-CD2, 0.65% (WAC) due 11/10/495,11		34,145,774		880,544
Bancorp Commercial Mortgage Trust
2018-CR3, 1.41% (1 Month USD LIBOR + 1.25%, Rate Floor: 1.25%) due 01/15/335,6		4,128,432		4,117,444
JP Morgan Chase Commercial Mortgage Securities Trust
2016-JP3, 1.42% (WAC) due 08/15/495,11		68,149,616		4,083,580
CD Commercial Mortgage Trust
2017-CD4, 1.29% (WAC) due 05/10/505,11		31,845,851		1,861,587
2017-CD3, 1.01% (WAC) due 02/10/505,11		34,287,376		1,662,835
JPMBB Commercial Mortgage Securities Trust
2015-C27, 1.16% (WAC) due 02/15/485,11		71,901,355		2,850,702
2013-C12, 0.47% (WAC) due 07/15/455,11		34,820,335		303,814

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 14.6% (continued)
Commercial Mortgage Backed Securities -  0.9% (continued)
BBCMS Mortgage Trust
2018-C2, 0.77% (WAC) due 12/15/515,11		58,167,124		$	2,934,880
JPMCC Commercial Mortgage Securities Trust
2017-JP6, 1.14% (WAC) due 07/15/505,11		57,667,637			2,870,747
CGMS Commercial Mortgage Trust
2017-B1, 0.83% (WAC) due 08/15/505,11		65,372,042			2,645,639
Morgan Stanley Bank of America Merrill Lynch Trust
2015-C27, 0.91% (WAC) due 12/15/475,11		70,042,114			2,410,527
Cam Commercial Mortgage Corp.
2002-CAM2, 6.16% due 12/14/216		2,273,524			2,350,687
CFCRE Commercial Mortgage Trust
2016-C3, 1.00% (WAC) due 01/10/485,11		38,802,580			1,673,877
Banc of America Commercial Mortgage Trust
2017-BNK3, 1.11% (WAC) due 02/15/505,11		23,874,537			1,214,214
DBJPM Mortgage Trust
2017-C6, 1.02% (WAC) due 06/10/505,11		24,686,588			1,144,623
SG Commercial Mortgage Securities Trust
2016-C5, 1.96% (WAC) due 10/10/485,11		6,063,776			422,884
Morgan Stanley Capital I Trust
2016-UBS9, 4.70% (WAC) due 03/15/495		275,000			268,287
GS Mortgage Securities Corporation II
2013-GC10, 2.94% due 02/10/46		225,000			233,480
WFRBS Commercial Mortgage Trust
2013-C12, 1.19% (WAC) due 03/15/485,6,11		8,581,688			169,480
Total Commercial Mortgage Backed Securities					211,392,316
Total Collateralized Mortgage Obligations
(Cost $3,374,577,695)					3,509,219,022
SENIOR FLOATING RATE INTERESTS††,5 - 6.1%
Consumer, Non-cyclical -  1.4%
US Foods, Inc.
4.25% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.25%) due 04/24/25†††		53,232,813			52,168,156
Bombardier Recreational Products, Inc.
6.00% (3 Month USD LIBOR + 5.00%, Rate Floor: 6.00%) due 05/24/27		51,221,625			52,143,614
Packaging Coordinators Midco, Inc.
4.50% (6 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 11/30/27		32,358,332			32,358,332
Sunshine Investments BV
3.25% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 03/28/25		EUR	20,259,706		24,541,129
Nidda Healthcare Holding GmbH
3.50% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 08/21/26		EUR	18,276,306		22,103,745
Southern Veterinary Partners LLC
5.00% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 10/05/27†††		19,553,030			19,455,265
HAH Group Holding Co LLC
6.00% (3 Month USD LIBOR + 5.00%, Rate Floor: 6.00%) due 10/29/27		15,657,759			15,520,753
Sigma Holding BV (Flora Food)
3.50% (1 Month EURIBOR + 3.50% and 6 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 07/02/25		EUR	11,500,000		13,795,082
National Mentor Holdings, Inc.
due 03/09/26		12,192,300			12,164,380
Quirch Foods Holdings LLC
6.25% (3 Month USD LIBOR + 5.25% and 6 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 10/27/27		11,700,000			11,612,250
WellSky Corp.
due 02/09/24†††		11,550,000			11,521,125

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
SENIOR FLOATING RATE INTERESTS††,5 - 6.1% (continued)
Consumer, Non-cyclical -  1.4% (continued)
Weber-Stephen Products LLC
4.00% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 10/29/27		8,900,000		$	8,904,450
Energizer Holdings, Inc.
due 12/16/27		7,500,000			7,485,975
Avantor Funding, Inc.
3.50% (1 Month USD LIBOR + 2.50%, Rate Floor: 3.50%) due 11/08/27		7,400,000			7,404,662
Elanco Animal Health, Inc.
1.90% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 08/02/27		6,818,757			6,752,002
IQVIA, Inc.
2.00% (3 Month EURIBOR + 2.00%, Rate Floor: 2.00%) due 03/07/24		EUR	4,929,123		5,996,919
Arterra Wines Canada, Inc.
4.25% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 11/24/27		5,400,000			5,423,652
Dole Food Company, Inc.
3.75% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.75%) due 04/06/24		3,837,179			3,827,587
B&G Foods, Inc.
2.65% (1 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 10/12/26		3,300,000			3,290,562
Callaway Golf Company
4.65% (1 Month USD LIBOR + 4.50%, Rate Floor: 4.50%) due 01/02/26		2,524,965			2,528,121
Civitas Solutions, Inc.
4.43% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 03/09/26		2,063,312			2,058,587
4.51% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 03/09/26		92,456			92,244
Hayward Industries, Inc.
3.65% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 08/05/24		2,010,140			1,984,169
Hostess Brands LLC
3.00% (1 Month USD LIBOR + 2.25% and 3 Month USD LIBOR + 2.25%, Rate Floor: 3.00%) due 08/04/25		827,904			822,730
Midwest Physician Administrative Services
3.50% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.50%) due 08/15/24		498,715			493,937
Atkins Nutritionals, Inc.
4.75% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 07/07/24		183,006			183,291
Total Consumer, Non-cyclical					324,632,719
Industrial -  1.2%
American Bath Group LLC
5.25% (3 Month USD LIBOR + 4.50%, Rate Floor: 5.25%) due 11/23/27		33,750,000			33,792,188
Mileage Plus Holdings LLC
6.25% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 06/21/27		30,500,000			31,701,090
Delta Air Lines, Inc.
5.75% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.75%) due 05/01/23		28,925,199			29,333,333
IFCO Management GmbH
3.50% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 05/29/26		EUR	19,870,000		24,185,849
Galileo Global Education Finance SARL
3.25% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 11/06/26		EUR	19,200,000		23,297,595
AI Convoy Luxembourg SARL
3.75% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 01/18/27		EUR	18,618,000		22,690,119
Vertical (TK Elevator)
4.57% (3 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 07/30/27		12,817,875			12,861,328
4.25% (3 Month EURIBOR + 4.25%, Rate Floor: 4.25%) due 07/30/27		EUR	3,000,000		3,684,934

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
SENIOR FLOATING RATE INTERESTS††,5 - 6.1% (continued)
Industrial -  1.2% (continued)
TransDigm, Inc.
2.40% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 12/09/25		14,914,578		$	14,596,152
2.40% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 05/30/25		1,492,462			1,460,747
Pelican Products, Inc.
4.50% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 05/01/25		15,088,899			14,761,922
Alliance Laundry Systems LLC
4.25% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 10/08/27		13,700,000			13,682,875
Fugue Finance BV
3.25% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 08/30/24		EUR	10,500,000		12,642,339
Service Logic Acquisition, Inc.
4.75% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 10/29/27		9,890,149			9,877,787
CapStone Acquisition Holdings, Inc.
5.75% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.75%) due 11/12/27		6,784,000			6,829,249
DXP Enterprises, Inc.
5.75% (1 Month USD LIBOR + 4.75%, Rate Floor: 5.75%) due 12/16/27		6,000,000			5,955,000
Diversitech Holdings, Inc.
4.00% (3 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 06/03/24		5,775,631			5,713,081
YAK MAT (YAK ACCESS LLC)
10.24% (3 Month USD LIBOR + 10.00%, Rate Floor: 10.00%) due 07/10/26		7,240,000			5,068,000
American Residential Services LLC
4.25% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 10/15/27		5,000,000			4,987,500
Consolidated Container Co. LLC
3.75% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.75%) due 05/22/24		4,789,496			4,772,541
Berlin Packaging LLC
3.16% (1 Month USD LIBOR + 3.00% and 3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 11/07/25		4,581,725			4,500,995
Charter Nex US Holdings, Inc.
5.00% (1 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 12/01/27		4,300,000			4,317,200
Filtration Group Corp.
3.15% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/31/25		1,661,120			1,641,685
Anchor Packaging LLC
4.15% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 07/20/26		1,368,246			1,364,825
CPG International LLC
4.75% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 05/06/24		508,112			507,350
CHI Overhead Doors, Inc.
4.50% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 07/31/25		448,875			449,436
Gates Global LLC
3.75% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.75%) due 04/01/24		401,328			399,879
Pike Corp.
4.12% (1 Month USD LIBOR + 3.97%, Rate Floor: 3.97%) due 07/24/26		375,190			373,716
Fly Funding II SARL
2.50% (3 Month USD LIBOR + 1.75%, Rate Floor: 2.50%) due 08/11/25		306,294			289,319
VC GB Holdings, Inc.
4.00% (1 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 02/28/24†††		200,000			199,500

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,5 - 6.1% (continued)
Industrial -  1.2% (continued)
BWAY Holding Co.
3.48% (3 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 04/03/24		124,036	$	119,540
API Heat Transfer
12.00% (3 Month USD LIBOR, Rate Floor: 1.00%) (in–kind rate was 11.00%) due 01/01/24†††,13		44,655		39,855
12.00% (3 Month USD LIBOR, Rate Floor: 1.00%) (in- kind rate was 11.00%) due 10/02/23†††,13		7,967		7,250
Total Industrial				296,104,179
Financial -  0.8%
Citadel Securities LP
2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 02/27/26		44,118,589		44,100,060
USI, Inc.
4.50% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.50%) due 12/02/26		19,002,375		18,943,088
3.25% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 05/16/24		6,505,987		6,407,031
Jefferies Finance LLC
4.50% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 09/30/27		20,548,500		20,497,129
3.19% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 06/03/26		1,914,279		1,898,008
Nexus Buyer LLC
3.90% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 11/09/26		21,704,609		21,523,810
Higginbotham
6.50% (1 Month USD LIBOR + 5.75%, Rate Floor: 6.50%) due 11/25/26		18,806,358		18,524,263
HUB International Ltd.
2.96% (3 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 04/25/25		13,937,052		13,671,412
Cross Financial Corp.
5.50% (1 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 09/15/27		12,150,000		12,150,000
Duff & Phelps
4.75% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 04/09/27		10,274,185		10,275,829
Alliant Holdings Intermediate LLC
3.40% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 05/09/25		7,594,702		7,468,098
4.25% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.25%) due 11/05/27		897,058		896,501
Ryan Specialty Group LLC
4.00% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 09/01/27		6,583,500		6,558,812
GT Polaris, Inc.
5.00% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 09/24/27		5,436,375		5,451,325
NFP Corp.
3.40% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 02/15/27		5,472,214		5,350,075
PAI Holdco, Inc.
5.00% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 10/22/27		5,150,000		5,150,000
Jane Street Group LLC
3.23% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 01/31/25		3,084,102		3,075,620
AmeriLife Holdings LLC
4.15% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 03/18/27		563,521		555,068
Virtu Financial, Inc.
3.15% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/01/26		500,000		498,645
Total Financial				202,994,774
Consumer, Cyclical -  0.8%
CHG Healthcare Services, Inc.
4.00% (3 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 06/07/23		44,420,237		44,094,192

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~			Value
SENIOR FLOATING RATE INTERESTS††,5 - 6.1% (continued)
Consumer, Cyclical -  0.8% (continued)
Samsonite IP Holdings SARL
5.50% (1 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 04/25/25		37,890,595		$	37,630,287
BGIS (BIFM CA Buyer, Inc.)
3.65% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 06/01/26		32,969,018			32,845,384
CNT Holdings I Corp.
4.50% (6 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 11/08/27		24,250,000			24,208,290
Adevinta ASA
due 10/22/27		EUR	11,000,000		13,450,134
3.75% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.75%) due 10/22/27		3,800,000			3,794,072
Packers Sanitation Services, Inc.
4.75% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 12/04/24		5,900,000			5,896,342
4.00% (1 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 12/04/24		1,081,637			1,076,229
BCPE Empire Holdings, Inc.
5.00% (1 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 06/11/26		6,000,000			5,966,280
Power Solutions (Panther)
3.65% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 04/30/26		4,509,814			4,486,318
Wabash National Corporation
4.00% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 09/28/27		4,250,000			4,223,437
Verisure Holding AB
4.00% (6 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 07/20/26		EUR	3,000,000		3,674,267
Cast & Crew Payroll LLC
3.90% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 02/09/26		2,403,801			2,338,441
Whatabrands, LLC
2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 07/31/26		1,341,787			1,328,155
1011778 BC Unlimited Liability Co.
1.90% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 11/19/26		1,041,113			1,025,173
Total Consumer, Cyclical					186,037,001
Technology -  0.7%
Ascend Learning LLC
4.75% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 07/12/24		54,638,063			54,729,308
Planview Parent, Inc.
4.75% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 12/10/27		15,909,394			15,869,620
due 12/10/27		10,350,000			10,246,500
Valkyr Purchaser, LLC
4.75% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 11/05/27		23,250,000			22,959,375
RP Crown Parent LLC (Blue Yonder)
4.00% (1 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 02/02/26		11,641,500			11,612,396
Sabre GLBL, Inc.
due 12/10/27		9,650,000			9,662,063
Cloudera, Inc.
3.25% (1 Month USD LIBOR + 2.50%, Rate Floor: 3.25%) due 12/22/27		8,000,000			7,980,000
E2open LLC
due 10/29/27		7,000,000			6,978,160
Imprivata, Inc.
4.25% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.25%) due 12/01/27		6,600,000			6,600,000
Sportradar Capital SARL
4.25% (3 Month EURIBOR + 4.25%, Rate Floor: 4.25%) due 11/22/27		EUR	5,300,000		6,465,236

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,5 - 6.1% (continued)
Technology -  0.7% (continued)
Provation Software Group, Inc.
5.50% (6 Month USD LIBOR + 4.75%, Rate Floor: 5.50%) due 12/16/27		6,500,000	$	6,402,500
Navicure, Inc.
4.75% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 10/22/26		4,688,250		4,676,529
Cologix Holdings, Inc.
4.00% (1 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 03/20/24		2,396,447		2,370,350
4.75% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 03/20/24		2,100,000		2,077,131
Project Boost Purchaser LLC
3.65% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 06/01/26		3,366,977		3,329,099
Informatica LLC
3.40% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 02/25/27		1,920,762		1,902,764
Solera LLC
2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 03/03/23		878,727		871,039
Aston FinCo SARL
4.40% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 10/09/26		644,130		634,668
Neustar, Inc.
4.50% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 08/08/24		17,770		17,181
Aspect Software, Inc.
6.00% (3 Month USD LIBOR + 5.00%, Rate Floor: 6.00%) due 01/15/24		9,708		9,336
Total Technology				175,393,255
Communications -  0.5%
UPC Financing Partnership
3.68% (3 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 01/31/29		22,575,000		22,586,287
3.67% (3 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 01/31/29		22,575,000		22,586,288
Syndigo LLC
5.25% (6 Month USD LIBOR + 4.50%, Rate Floor: 5.25%) due 12/10/27		24,900,000		24,713,250
Xplornet Communications Inc.
4.90% (1 Month USD LIBOR + 4.75%, Rate Floor: 4.75%) due 06/10/27		21,251,000		21,256,313
ProQuest, LLC
3.65% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 10/23/26		19,650,000		19,600,875
Alchemy Copyrights LLC
4.00% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 08/16/27†††		6,050,000		6,065,125
Radiate Holdco, LLC
4.25% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 09/25/26		2,250,000		2,251,058
Zayo Group Holdings, Inc.
3.15% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/09/27		1,652,094		1,639,703
Authentic Brands
4.50% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 09/27/24		1,071,454		1,062,271
Titan US Finco LLC
4.25% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 05/01/26		1,035,107		1,019,581

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,5 - 6.1% (continued)
Communications -  0.5% (continued)
Internet Brands, Inc.
3.65% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 09/13/24		297,692	$	293,340
Total Communications				123,074,091
Basic Materials -  0.3%
Illuminate Buyer LLC
4.15% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 06/30/27		28,564,333		28,552,336
GrafTech Finance, Inc.
4.50% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 02/12/25		26,081,415		26,027,166
LSF11 Skyscraper HoldCo SARL
5.74% (3 Month USD LIBOR + 5.50%, Rate Floor: 5.50%) due 09/29/27		16,980,716		16,895,813
PQ Corp.
4.00% (3 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 02/08/27		7,340,985		7,333,350
Pregis TopCo Corp.
3.90% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 07/31/26		1,435,500		1,428,323
Clearwater Paper Corp.
3.25% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 07/24/26†††		540,257		541,608
Total Basic Materials				80,778,596
Utilities -  0.3%
Hamilton Projects Acquiror LLC
5.75% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.75%) due 06/17/27		53,664,602		53,698,410
RS Ivy Holdco, Inc.
6.50% (3 Month USD LIBOR + 5.50%, Rate Floor: 6.50%) due 12/23/27		6,000,000		5,940,000
Total Utilities				59,638,410
Energy -  0.1%
Venture Global Calcasieu Pass LLC
2.53% (1 Month USD LIBOR + 2.38% and 3 Month USD LIBOR + 2.38%, Rate Floor: 2.38%) due 08/19/26		13,400,761		12,596,715
Total Senior Floating Rate Interests
(Cost $1,432,519,779)				1,461,249,740
U.S. GOVERNMENT SECURITIES†† - 4.3%
U.S. Treasury Notes
0.25% due 05/31/2514		403,300,000		402,528,060
2.00% due 04/30/24		12,460,000		13,206,627
1.75% due 06/30/2414		9,101,000		9,591,601
2.38% due 02/29/2414		7,749,000		8,283,257
0.50% due 04/30/27		6,780,000		6,763,050
1.38% due 02/15/23		4,500,000		4,618,652
1.75% due 12/31/26		4,000,000		4,298,594
1.50% due 10/31/24		3,820,000		4,003,688
2.25% due 08/15/27		3,370,000		3,736,751
0.50% due 05/31/27		2,600,000		2,590,859
1.13% due 02/28/27		2,250,000		2,333,232
2.13% due 05/15/25		880,000		949,781
U.S. Treasury Strips
due 02/15/5012,14,15		736,163,000		449,419,775
U.S. Treasury Bonds
due 08/15/5012,15		160,000,000		96,628,376
8.00% due 11/15/21		5,600,000		5,980,625
7.88% due 02/15/21		5,500,000		5,548,454
8.13% due 08/15/21		3,900,000		4,092,563
2.88% due 08/15/45		2,630,000		3,346,161
2.38% due 11/15/49		2,300,000		2,701,871
1.38% due 08/15/50		2,450,000		2,294,578
2.75% due 11/15/42		700,000		867,262
Total U.S. Government Securities
(Cost $1,040,815,350)				1,033,783,817
FEDERAL AGENCY BONDS†† - 2.8%
Residual Funding Corporation Principal Strips
due 01/15/3012,15		119,764,000		106,523,023
due 04/15/3012,15		110,870,000		98,508,944
Freddie Mac Principal Strips
due 07/15/3214,15		123,250,000		104,394,773
Fannie Mae Principal Strips
due 07/15/3712,14,15		89,850,000		65,756,068
due 11/15/3012,14,15		37,570,000		32,965,582
due 08/06/3814,15		5,850,000		4,142,890
Tennessee Valley Authority
4.25% due 09/15/65		32,550,000		49,110,540
5.38% due 04/01/56		8,960,000		15,412,808
due 03/15/3311,15		3,000,000		2,413,561
due 01/15/2811,15		2,011,000		1,844,639
due 03/15/3511,15		1,142,000		857,536

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
FEDERAL AGENCY BONDS†† - 2.8% (continued)
due 09/15/5311,15		1,612,000	$	704,506
due 09/15/5511,15		1,612,000		669,129
due 09/15/5611,15		1,612,000		652,059
due 03/15/5711,15		1,612,000		643,333
due 09/15/5711,15		1,612,000		634,702
due 09/15/5811,15		1,612,000		617,752
due 03/15/5911,15		1,612,000		609,432
due 09/15/5911,15		1,612,000		601,202
due 09/15/6011,15		1,612,000		584,733
due 09/15/5411,15		1,020,000		434,448
due 03/15/6111,15		1,020,000		365,107
due 09/15/6111,15		1,020,000		360,179
due 09/15/6211,15		1,020,000		350,506
due 03/15/6311,15		1,020,000		345,759
due 09/15/6311,15		1,020,000		341,065
due 09/15/6411,15		1,020,000		331,851
due 03/15/6511,15		1,020,000		327,332
due 09/15/6511,15		1,020,000		322,767
Freddie Mac
due 01/02/3414,15		18,000,000		14,600,601
due 03/15/3014,15		12,050,000		10,680,024
due 07/15/3014,15		8,600,000		7,551,454
due 01/15/3114,15		7,750,000		6,738,639
due 09/15/3614,15		7,355,000		5,481,187
due 11/15/3814,15		6,000,000		4,300,607
due 09/15/3014,15		2,906,000		2,543,219
due 03/15/3114,15		2,500,000		2,167,044
2.05% due 08/19/50		2,010,000		1,932,436
due 07/15/3114,15		1,800,000		1,550,605
due 01/15/3014,15		1,050,000		930,947
2.02% due 10/05/45		720,000		703,356
Tennessee Valley Authority Principal Strips
due 01/15/4812,15		38,400,000		19,405,615
due 12/15/4212,15		23,785,000		14,319,095
due 01/15/3815		15,800,000		11,263,444
Federal Farm Credit Bank Funding Corp.
2.43% due 01/29/3714		13,720,000		15,301,608
2.00% due 05/14/40		3,000,000		2,984,325
2.04% due 12/22/45		2,870,000		2,872,438
2.59% due 02/26/35		2,150,000		2,157,277
1.99% due 07/30/40		2,000,000		2,000,304
3.11% due 08/05/48		1,500,000		1,828,658
3.79% due 05/18/44		1,000,000		1,338,104
2.88% due 10/01/40		100,000		116,090
3.67% due 02/26/44		70,000		92,003
U.S. International Development Finance Corp.
3.17% due 10/05/34		11,176,953		12,883,190
1.79% due 10/15/29		9,704,279		10,233,843
Fannie Mae
due 01/15/3214,15		9,413,000		8,042,666
due 07/15/3215		3,963,000		3,345,351
due 01/15/3515		2,250,000		1,776,125
due 02/06/3314,15		1,456,000		1,211,872
due 01/15/3315		1,450,000		1,208,704
Federal Home Loan Bank
3.63% due 06/22/4314		4,850,000		6,288,248
3.25% due 06/10/3914		4,500,000		5,518,971
2.69% due 09/26/34		1,350,000		1,395,181
Federal Farm Credit Bank
3.58% due 04/11/4714		4,900,000		6,432,374

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
FEDERAL AGENCY BONDS†† - 2.8% (continued)
Total Federal Agency Bonds
(Cost $578,862,190)				682,021,831
MUNICIPAL BONDS†† - 1.5%
California -  0.6%
State of California General Obligation Unlimited
7.55% due 04/01/39		11,900,000		20,894,020
7.35% due 11/01/39		10,135,000		16,833,627
San Mateo Foster City School District General Obligation Unlimited
3.06% due 08/01/44		6,125,000		6,265,263
2.63% due 08/01/36		2,355,000		2,415,688
2.73% due 08/01/37		2,100,000		2,156,196
2.79% due 08/01/38		1,155,000		1,182,535
2.39% due 08/01/33		1,000,000		1,034,550
2.44% due 08/01/34		1,000,000		1,030,090
2.51% due 08/01/35		1,000,000		1,026,030
San Dieguito Union High School District General Obligation Unlimited
2.58% due 08/01/35		5,000,000		5,231,100
2.52% due 08/01/34		3,450,000		3,620,810
2.77% due 08/01/37		3,250,000		3,393,618
2.85% due 08/01/38		850,000		887,927
2.68% due 08/01/36		650,000		680,400
Poway Unified School District General Obligation Unlimited
due 08/01/4015		10,000,000		6,571,200
due 08/01/3815		8,460,000		5,907,195
San Diego Unified School District General Obligation Unlimited
due 07/01/3915		7,150,000		5,075,070
2.60% due 07/01/33		3,000,000		3,163,260
due 07/01/4615		2,200,000		1,262,008
due 07/01/4215		1,600,000		1,039,136
due 07/01/4315		1,350,000		850,905
Newport Mesa Unified School District General Obligation Unlimited
due 08/01/4515		8,565,000		3,700,508
due 08/01/3915		4,000,000		2,265,200
due 08/01/3815		2,000,000		1,445,960
due 08/01/4015		2,500,000		1,352,625
due 08/01/4115		2,000,000		1,031,840
due 08/01/4315		1,900,000		896,192
due 08/01/4615		800,000		330,920
Cypress School District General Obligation Unlimited
due 08/01/4815		14,450,000		6,039,666
California State University Revenue Bonds
2.98% due 11/01/51		5,000,000		5,340,000
Beverly Hills Unified School District California General Obligation Unlimited
due 08/01/3415		5,295,000		3,752,990
Placentia-Yorba Linda Unified School District General Obligation Unlimited
due 08/01/4115		5,325,000		3,415,987
Palomar Community College District General Obligation Unlimited
2.99% due 08/01/44		2,900,000		2,927,782
San Bernardino Community College District General Obligation Unlimited
due 08/01/4415		4,750,000		2,566,947
Upland Unified School District General Obligation Unlimited
due 08/01/5015		5,040,000		2,320,718
Hanford Joint Union High School District General Obligation Unlimited
due 08/01/4115		4,125,000		1,923,818
San Marcos Unified School District General Obligation Unlimited
due 08/01/4715		3,600,000		1,899,432
Hillsborough City School District General Obligation Unlimited
due 09/01/3315		1,000,000		720,660
due 09/01/3715		1,000,000		604,420
due 09/01/3915		1,000,000		555,800
Antelope Valley Community College District General Obligation Unlimited
due 02/15/2515		2,800,000		1,687,476
Oakland Redevelopment Agency Successor Agency Tax Allocation
4.00% due 09/01/39		1,100,000		1,167,617
Wiseburn School District General Obligation Unlimited
due 08/01/3415		900,000		697,599
Santa Ana Unified School District General Obligation Unlimited
due 08/01/3515		700,000		528,178
Total California				137,692,963
New York -  0.3%
Westchester County Local Development Corp. Revenue Bonds
3.85% due 11/01/50		40,000,000		41,808,800
New York Power Authority Revenue Bonds
2.82% due 11/15/39		16,500,000		17,672,820
4.00% due 11/15/45		11,460,000		13,633,962

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
MUNICIPAL BONDS†† - 1.5% (continued)
New York -  0.3% (continued)
New York City Water & Sewer System Revenue Bonds
5.00% due 06/15/49		650,000	$	821,860
Total New York				73,937,442
Texas -  0.2%
Dallas/Fort Worth International Airport Revenue Bonds
3.09% due 11/01/40		13,800,000		14,475,786
2.92% due 11/01/50		1,300,000		1,335,906
City of San Antonio Texas Electric & Gas Systems Revenue Bonds
2.91% due 02/01/48		10,500,000		11,066,265
Denton County Housing Finance Corp. Revenue Bonds
2.15% due 11/01/38		7,200,000		7,496,568
Wylie Independent School District General Obligation Unlimited
due 08/15/4615		8,885,000		3,531,610
due 08/15/4315		3,555,000		1,612,975
due 08/15/2515		1,560,000		668,388
North Texas Tollway Authority Revenue Bonds
3.03% due 01/01/40		5,000,000		5,156,050
Central Texas Turnpike System Revenue Bonds
3.03% due 08/15/41		3,150,000		3,173,877
Harris County-Houston Sports Authority Revenue Bonds
due 11/15/4515		2,850,000		1,045,922
due 11/15/4115		1,500,000		679,890
Harris County Cultural Education Facilities Finance Corp. Revenue Bonds
3.34% due 11/15/37		1,500,000		1,604,430
Grand Parkway Transportation Corp. Revenue Bonds
3.31% due 10/01/49		1,000,000		1,040,990
Total Texas				52,888,657
Ohio -  0.1%
Northeast Ohio Regional Sewer District Revenue Bonds
3.30% due 11/15/49		10,750,000		11,552,595
Ohio Turnpike & Infrastructure Commission Revenue Bonds
3.20% due 02/15/48		5,200,000		5,350,696
Dayton-Montgomery County Port Authority Revenue Bonds
1.84% due 09/01/38		4,600,000		4,627,186
County of Franklin Ohio Revenue Bonds
2.88% due 11/01/50		4,000,000		4,123,960
Total Ohio				25,654,437
Illinois -  0.1%
State of Illinois General Obligation Unlimited
5.65% due 12/01/38		5,850,000		6,957,405
6.63% due 02/01/35		1,820,000		2,277,020
City of Chicago Illinois General Obligation Unlimited
6.31% due 01/01/44		4,500,000		5,964,435
Total Illinois				15,198,860
Mississippi -  0.1%
Medical Center Educational Building Corp. Revenue Bonds
2.92% due 06/01/41		11,800,000		11,960,952
Alabama -  0.1%
Auburn University Revenue Bonds
2.68% due 06/01/50		6,500,000		6,533,020
2.53% due 06/01/40		4,100,000		4,197,621
Total Alabama				10,730,641
Colorado -  0.0%
University of Colorado Revenue Bonds
2.81% due 06/01/48		6,850,000		7,028,922
2.61% due 06/01/42		1,000,000		1,017,610
Total Colorado				8,046,532
Oregon -  0.0%
Washington & Multnomah Counties School District No. 48J Beaverton General Obligation Unlimited
due 06/15/3315		3,850,000		2,775,504
Salem-Keizer School District No. 24J General Obligation Unlimited
due 06/15/4015		4,000,000		2,571,080
Total Oregon				5,346,584
North Carolina -  0.0%
Inlivian Revenue Bonds
3.02% due 01/01/38		4,125,000		4,317,968
Washington -  0.0%
Central Washington University Revenue Bonds
6.95% due 05/01/40		1,750,000		2,592,135
Klickitat County Public Utility District No. 1 Revenue Bonds
5.25% due 12/01/21		15,000		15,499
Total Washington				2,607,634
Arizona -  0.0%
Northern Arizona University Revenue Bonds
3.09% due 08/01/39		2,350,000		2,456,502

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
MUNICIPAL BONDS†† - 1.5% (continued)
Florida -  0.0%
County of Miami-Dade Florida Revenue Bonds
due 10/01/4115		4,100,000	$	2,221,134
Pennsylvania -  0.0%
Pennsylvania Economic Development Financing Authority Revenue Bonds
due 01/01/4115		995,000		611,288
due 01/01/3715		570,000		396,235
Armstrong School District General Obligation Limited
6.88% due 03/15/21		25,000		25,320
Total Pennsylvania				1,032,843
Oklahoma -  0.0%
Oklahoma Development Finance Authority Revenue Bonds
4.65% due 08/15/30		450,000		533,061
Idaho -  0.0%
Boise State University Revenue Bonds
3.06% due 04/01/40		250,000		257,500
Virginia -  0.0%
Montgomery County Economic Development Authority Revenue Bonds
4.66% due 06/01/21		25,000		25,444
Minnesota -  0.0%
Dakota & Washington Counties Housing & Redevelopment Authority/City of Bloomington Minnesota Revenue Bonds
8.38% due 09/01/21		5,000		5,203
Total Municipal Bonds
(Cost $325,367,690)				354,914,357
FOREIGN GOVERNMENT DEBT†† - 0.0%
Bermuda Government International Bond
3.38% due 08/20/50		8,400,000		9,051,000
Total Foreign Government Debt
(Cost $8,376,563)				9,051,000
SENIOR FIXED RATE INTERESTS†† - 0.0%
Industrial -  0.0%
CTL Logistics
2.65% due 06/10/42		2,581,464		2,581,464
Total Senior Fixed Rate Interests
(Cost $2,581,464)				2,581,464
		Notional Value
OTC OPTIONS PURCHASED†† - 0.3%
Call options on:
Bank of America Merrill Lynch  2Y-10 CMS CAP Expiring July 2022 with strike price of $0.40		7,677,500,000		38,694,600
Morgan Stanley Capital Services LLC 2Y-10 CMS CAP Expiring July 2022 with strike price of $0.40		3,979,800,000		20,058,192
Goldman Sachs International 2Y-10 CMS CAP Expiring July 2022 with strike price of $0.61		3,552,900,000		12,506,208
Goldman Sachs International 2Y-10 CMS CAP Expiring July 2022 with strike price of $0.40		893,700,000		4,504,248
Bank of America Merrill Lynch  2Y-10 CMS CAP Expiring July 2022 with strike price of $0.61		630,100,000		2,217,952
				77,981,200
Total OTC Options Purchased
(Cost $37,284,966)				77,981,200
Total Investments - 103.4%
(Cost $23,334,364,226)			$	24,856,886,836
Other Assets & Liabilities, net - (3.4)%				(806,111,852	)
Total Net Assets - 100.0%			$	24,050,774,984

Centrally Cleared Credit Default Swap Agreements Protection Sold††

Counterparty

Exchange

Index

Protection Premium Rate

Payment Frequency

Maturity Date

Notional Amount

Value

Upfront Premiums Paid

Unrealized Appreciation**

BofA Securities, Inc.

ICE

CDX.NA.HY.35.V1

5.00%

Quarterly

12/20/25

$

121,840,000

$

11,364,122

$

4,909,497

$

6,454,625

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Centrally Cleared Interest Rate Swap Agreements††
Counterparty	Exchange	Floating Rate Type	Floating Rate Index	Fixed Rate	Payment Frequency	Maturity Date	Notional Amount		Value			Upfront Premiums Paid		Unrealized Appreciation (Depreciation)**
BofA Securities, Inc.	CME	Receive	3-Month USD LIBOR	0.99%	Quarterly	08/20/50	$	127,000,000	$	13,419,344		$	2,491	$	13,416,853
BofA Securities, Inc.	CME	Receive	3-Month USD LIBOR	0.65%	Quarterly	08/13/30		463,000,000		10,960,200			3,848		10,956,352
BofA Securities, Inc.	CME	Receive	3-Month USD LIBOR	0.99%	Quarterly	08/25/50		100,000,000		10,744,067			2,026		10,742,041
BofA Securities, Inc.	CME	Receive	3-Month USD LIBOR	0.53%	Quarterly	08/06/30		243,000,000		8,521,353			2,152		8,519,201
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	0.47%	Annually	03/09/25		498,005,000		5,910,687			2,002		5,908,685
BofA Securities, Inc.	CME	Receive	3-Month USD LIBOR	0.45%	Quarterly	07/13/27		300,000,000		3,179,820			1,956		3,177,864
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	1.37%	Annually	12/04/21		175,200,000		2,143,334			340		2,142,994
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	1.27%	Annually	02/07/23		82,400,000		2,099,482			354		2,099,128
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	1.34%	Annually	11/27/21		164,500,000		1,935,246			321		1,934,925
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	0.59%	Annually	03/07/22		150,000,000		930,833			396		930,437
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	0.76%	Annually	01/05/31		650,000,000		5,493			5,500		(7	)
BofA Securities, Inc.	CME	Receive	3-Month USD LIBOR	0.22%	Quarterly	07/13/23		500,000,000		(110,885	)		1,303		(112,188	)
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	0.52%	Annually	10/02/30		132,900,000		(3,189,092	)		1,329		(3,190,421	)
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	0.68%	Annually	12/02/30		400,000,000		(4,115,604	)		3,470		(4,119,074	)
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	0.56%	Annually	10/07/30	$	226,000,000		(4,234,159	)		2,058		(4,236,217	)
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	0.55%	Annually	10/16/30		350,000,000		(7,491,757	)		3,034		(7,494,791	)
BofA Securities, Inc.	CME	Pay	Federal Funds Rate	0.51%	Annually	09/02/30		400,000,000		(8,173,232	)		3,384		(8,176,616	)
									$	32,535,130		$	35,964	$	32,499,166

Forward Foreign Currency Exchange Contracts††
Counterparty	Contracts to Sell	Currency	Settlement Date	Settlement Value		Value at December 31, 2020		Unrealized Appreciation (Depreciation)
Citibank N.A., New York	436,650,000	BRL	07/01/21	$	103,795,927	$	83,784,997	$	20,010,930
Goldman Sachs International	149,210,000	BRL	07/01/21		34,956,074		28,630,618		6,325,456
JPMorgan Chase Bank, N.A.	67,200,000	BRL	07/01/21		15,963,891		12,894,427		3,069,464
Bank of America, N.A.	17,346,669,000	JPY	08/02/21		171,181,418		168,459,487		2,721,931
Morgan Stanley Capital Services LLC	8,674,335,000	JPY	08/02/21		85,134,312		84,239,460		894,852
JPMorgan Chase Bank, N.A.	10,005,000,000	JPY	07/01/21		97,867,554		97,113,903		753,651
Goldman Sachs International	4,532,865,300	JPY	12/20/21		44,786,734		44,117,059		669,675
Citibank N.A., New York	8,674,335,000	JPY	05/06/21		84,594,646		84,135,828		458,818
Barclays Bank plc	3,469,734,000	JPY	06/01/21		33,963,723		33,665,833		297,890
Barclays Bank plc	18,730,000	EUR	01/15/21		22,931,007		22,891,968		39,039
Morgan Stanley Capital Services LLC	49,132,000	EUR	03/30/21		60,159,186		60,151,758		7,428
Bank of America, N.A.	8,669,000	JPY	02/01/21		84,687		83,987		700
Goldman Sachs International	2,265,300	JPY	06/21/21		22,154		21,985		169
Morgan Stanley Capital Services LLC	4,335,000	JPY	02/01/21		42,095		41,998		97
JPMorgan Chase Bank, N.A.	5,000,000	JPY	01/04/21		48,459		48,423		36
Citibank N.A., New York	10,820	ILS	02/01/21		3,068		3,373		(305	)
Goldman Sachs International	356,625	ILS	11/30/21		106,446		111,978		(5,532	)
Morgan Stanley Capital Services LLC	2,980,000	EUR	01/15/21		3,634,144		3,642,182		(8,038	)
Goldman Sachs International	499,481	ILS	07/30/21		148,223		156,310		(8,087	)
Citibank N.A., New York	2,335,000	EUR	01/15/21		2,831,473		2,853,857		(22,384	)
JPMorgan Chase Bank, N.A.	3,185,000	EUR	01/15/21		3,869,247		3,892,735		(23,488	)
Bank of America, N.A.	3,949,000	ILS	02/01/21		1,153,835		1,231,096		(77,261	)
Bank of America, N.A.	5,248,000	GBP	01/15/21		6,969,632		7,177,573		(207,941	)
Goldman Sachs International	28,886,625	ILS	11/30/22		8,761,487		9,126,595		(365,108	)
Bank of America, N.A.	33,128,000	ILS	04/30/21		9,634,434		10,348,908		(714,474	)
Goldman Sachs International	93,465,000	EUR	01/15/21		113,456,509		114,233,733		(777,224	)
Goldman Sachs International	67,282,219	ILS	08/01/22		20,296,296		21,216,381		(920,085	)
Bank of America, N.A.	75,749,000	ILS	01/31/22		22,457,457		23,816,605		(1,359,148	)
Citibank N.A., New York	75,123,800	ILS	04/30/21		21,943,566		23,468,041		(1,524,475	)
Goldman Sachs International	112,111,771	ILS	02/01/21		32,654,345		34,950,705		(2,296,360	)
Goldman Sachs International	164,231,850	ILS	01/31/22		48,573,459		51,636,920		(3,063,461	)
Goldman Sachs International	108,769,700	EUR	07/30/21		126,349,602		133,535,464		(7,185,862	)
JPMorgan Chase Bank, N.A.	107,510,325	EUR	07/30/21		124,085,191		131,989,342		(7,904,151	)
Goldman Sachs International	427,522,900	ILS	04/30/21		125,180,154		133,554,547		(8,374,393	)
								$	412,359

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Counterparty	Contracts to Buy	Currency	Settlement Date	Settlement Value		Value at December 31, 2020		Unrealized Appreciation (Depreciation)
Goldman Sachs International	216,280,025	EUR	07/30/21	$	248,181,329	$	265,524,807	$	17,343,478
Goldman Sachs International	239,980,850	ILS	01/31/22		65,373,467		75,453,524		10,080,057
Goldman Sachs International	267,887,350	ILS	04/30/21		74,716,168		83,685,748		8,969,580
JPMorgan Chase Bank, N.A.	267,887,350	ILS	04/30/21		75,482,488		83,685,748		8,203,260
JPMorgan Chase Bank, N.A.	26,021,004,000	JPY	08/02/21		246,341,039		252,698,947		6,357,908
Goldman Sachs International	116,071,591	ILS	02/01/21		32,426,110		36,185,174		3,759,064
Goldman Sachs International	67,282,219	ILS	08/01/22		18,074,472		21,216,381		3,141,909
Goldman Sachs International	8,674,335,000	JPY	05/06/21		81,311,727		84,135,828		2,824,101
Goldman Sachs International	28,886,625	ILS	11/30/22		7,727,829		9,126,595		1,398,766
JPMorgan Chase Bank, N.A.	3,469,734,000	JPY	06/01/21		32,564,373		33,665,833		1,101,460
Barclays Bank plc	4,532,865,300	JPY	12/20/21		43,207,181		44,117,059		909,878
Citibank N.A., New York	434,285,000	BRL	07/01/21		83,284,769		83,331,197		46,428
Goldman Sachs International	499,481	ILS	07/30/21		134,017		156,310		22,293
Goldman Sachs International	356,625	ILS	11/30/21		95,100		111,978		16,878
JPMorgan Chase Bank, N.A.	13,004,000	JPY	02/01/21		122,506		125,985		3,479
Barclays Bank plc	58,000	GBP	01/15/21		78,664		79,325		661
Barclays Bank plc	2,265,300	JPY	06/21/21		21,468		21,985		517
JPMorgan Chase Bank, N.A.	5,000,000	JPY	01/04/21		48,546		48,423		(123	)
JPMorgan Chase Bank, N.A.	218,775,000	BRL	07/01/21		42,398,256		41,978,845		(419,411	)
JPMorgan Chase Bank, N.A.	10,005,000,000	JPY	07/01/21		97,690,768		97,113,903		(576,865	)
								$	63,183,318

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

~	The face amount is denominated in U.S. dollars unless otherwise indicated.
*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.
††	Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
1	Affiliated issuer.
2	Perpetual maturity.
3	Rate indicated is the 7-day yield as of December 31, 2020.
4	Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.
5	Variable rate security. Rate indicated is the rate effective at December 31, 2020. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
6	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $8,756,552,523 (cost $8,471,327,556), or 36.4% of total net assets.
7	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $392,150,292 (cost $387,153,754), or 1.6% of total net assets — See Note 6.
8	Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.
9	Security is in default of interest and/or principal obligations.
10	Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2020. See table below for additional step information for each security.
11	Security is an interest-only strip.
12	Security is a principal-only strip.
13	Payment-in-kind security.
14	All or a portion of this security has been physically segregated or earmarked in connection with reverse repurchase agreements. At December 31, 2020, the total market value of segregated or earmarked security was $1,176,422,072 — See Note 2.
15	Zero coupon rate security.

BofA — Bank of America

BRL — Brazilian Real

CDX.NA.HY.35.V1 — Credit Default Swap North American High Yield Series 35 Index Version 1

CME — Chicago Mercantile Exchange

CMS — Constant Maturity Swap

CMT — Constant Maturity Treasury

EURIBOR — European Interbank Offered Rate

EUR — Euro

GBP — British Pound

ICE — Intercontinental Exchange

ILS — Israeli New Shekel

JPY — Japanese Yen

LIBOR — London Interbank Offered Rate

plc — Public Limited Company

REMIC — Real Estate Mortgage Investment Conduit

REIT — Real Estate Investment Trust

SARL — Société à Responsabilité Limitée

WAC — Weighted Average Coupon

See Sector Classification in Other Information section.

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

The following table summarizes the inputs used to value the Fund's investments at December 31, 2020 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	256,395,308	$	—	$	3,540	$	256,398,848
Preferred Stocks		—		275,306,020		4,625		275,310,645
Warrants		9,866,101		—		—		9,866,101
Exchange-Traded Funds		1,157,258,667		—		—		1,157,258,667
Mutual Funds		68,090,102		—		—		68,090,102
Closed-End Funds		15,688,210		—		—		15,688,210
Money Market Fund		203,647,857		—		—		203,647,857
Corporate Bonds		—		11,035,124,665		364,867,844		11,399,992,509
Asset-Backed Securities		—		3,814,916,765		524,914,701		4,339,831,466
Collateralized Mortgage Obligations		—		3,504,275,978		4,943,044		3,509,219,022
Senior Floating Rate Interests		—		1,371,251,856		89,997,884		1,461,249,740
U.S. Government Securities		—		1,033,783,817		—		1,033,783,817
Federal Agency Bonds		—		682,021,831		—		682,021,831
Municipal Bonds		—		354,914,357		—		354,914,357
Foreign Government Debt		—		9,051,000		—		9,051,000
Senior Fixed Rate Interests		—		2,581,464		—		2,581,464
Options Purchased		—		77,981,200		—		77,981,200
Credit Default Swap Agreements**		—		6,454,625		—		6,454,625
Interest Rate Swap Agreements**		—		59,828,480		—		59,828,480
Forward Foreign Currency Exchange Contracts**		—		99,429,853		—		99,429,853
Total Assets	$	1,710,946,245	$	22,326,921,911	$	984,731,638	$	25,022,599,794

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Interest Rate Swap Agreements**	$	—	$	27,329,314	$	—	$	27,329,314
Forward Foreign Currency Exchange Contracts**		—		35,834,176		—		35,834,176
Unfunded Loan Commitments (Note 5)		—		—		1,075,929		1,075,929
Total Liabilities	$	—	$	63,163,490	$	1,075,929	$	64,239,419

^** This derivative is reported as unrealized appreciation/depreciation at period end.

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of the period end, reverse repurchase agreements of $666,887,419 are categorized as Level 2 within the disclosure hierarchy — See Note 2.

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:

Category	Ending Balance at December 31, 2020		Valuation Technique	Unobservable Inputs	Input Range	Weighted Average*
Assets:
Asset-Backed Securities	$	320,110,658	Option Adjusted Spread off the prior month end broker quote	Broker Quote	—	—
Asset-Backed Securities		150,754,043	Yield Analysis	Yield	2.0%-3.2%	2.3%
Asset-Backed Securities		54,050,000	Model Price	Purchase Price	—	—
Collateralized Mortgage Obligations		4,942,883	Option Adjusted Spread off the prior month end broker quote	Broker Quote	—	—
Collateralized Mortgage Obligations		161	Model Price	Purchase Price	—	—
Common Stocks		3,540	Enterprise Value	Valuation Multiple	3.5x-19.2x	18.3x
Corporate Bonds		356,145,444	Option Adjusted Spread off the prior month end broker quote	Broker Quote	—	—
Corporate Bonds		8,722,400	Model Price	Purchase Price	—	—
Preferred Stocks		4,625	Yield Analysis	Yield	18.2%
Senior Floating Rate Interests		89,950,779	Third Party Pricing	Broker Quote	—	—
Senior Floating Rate Interests		47,105	Enterprise Value	Valuation Multiple	19.2x	19.2x
Total Assets	$	984,731,638
Liabilities:
Unfunded Loan Commitments	$	1,075,929	Model Price	Purchase Price	—	—

* Inputs are weighted by the fair value of the instruments.

Significant changes in a quote, yield, or valuation multiples would generally result in significant changes in the fair value of the security.

The Fund’s fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment’s valuation changes. For the period ended December 31, 2020, the Fund had assets with a total value of $260,951,377 transfer into Level 3 from Level 2 due to a lack of observable inputs and had assets with a total value of $11,660,251 transfer out of Level 3 into Level 2 due to changes in the securities valuation methods based on the availability of observable market inputs.

Summary of Fair Value Level 3 Activity

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2020:

	Assets																				Liabilities
		Asset-Backed Securities			Collateralized Mortgage Obligations			Corporate Bonds			Senior Floating Rate Interests			Common Stocks			Preferred Stocks		Total Assets			Unfunded Loan Commitments
Beginning Balance	$	466,869,292		$	167,618,207		$	244,694,520		$	424,325		$	3,870		$	4,598	$	879,614,812		$	(2,340,507	)
Purchases/(Receipts)		41,050,000			175			115,305,045			31,386,335			-			-		187,741,555			(173,524	)
(Sales, maturities and paydowns)/Fundings		(176,907,766	)		(161,294,595	)		(53,771	)		(292,596	)		-			-		(338,548,728	)		1,109,257
Amortization of premiums/discounts		134			(1,116	)		(18,395	)		7,225			-			-		(12,152	)		-
Total realized gains (losses) included in earnings		(133	)		(1,233	)		-			-			-			-		(1,366	)		-
Total change in unrealized appreciation (depreciation) included in earnings		3,027,212			(1,378,394	)		4,758,562			239,314			(330	)		27		6,646,391			328,845
Transfers into Level 3		198,995,696			-			3,722,400			58,233,281			-			-		260,951,377			-
Transfers out of Level 3		(8,119,734	)		-			(3,540,517	)		-			-			-		(11,660,251	)		-
Ending Balance	$	524,914,701		$	4,943,044		$	364,867,844		$	89,997,884		$	3,540		$	4,625		984,731,638		$	(1,075,929	)
Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31, 2020	$	3,007,272		$	72,819		$	4,844,021		$	239,314		$	(330	)	$	27		8,163,123		$	330,680

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Step Coupon Bonds

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, none are scheduled to decrease.

Name	Coupon Rate at Next Reset Date	Next Rate Reset Date	Future Reset Rate(s)	Future Reset Date(s)
CSMC Trust 2020-NQM1, 1.72% due 05/25/65	2.72%	09/26/24	—	—
Legacy Mortgage Asset Trust 2018-GS3, 4.00% due 06/25/58	7.00%	07/25/21	8.00%	07/26/22
Verus Securitization Trust 2020-1, 2.42% due 01/25/60	3.42%	01/26/24	—	—
Verus Securitization Trust 2019-4, 2.64% due 11/25/59	3.64%	10/26/23	—	—

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III, (collectively, the “Short Term Investment Vehicles”), each of which are open-end management investment companies managed by GI. The Short Term Investment Vehicles, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Short Term Investment Vehicles pay no investment management fees. The Short Term Investment Vehicles' annual report on Form N-CSR dated September 30, 2020, is available publicly or upon request. This information is available from the EDGAR database on the SEC's website at https://www.sec.gov/Archives/edgar/data/1601445/000182126820000133/gug81042-ncsr.htm.

Transactions during the period ended December 31, 2020, in which the company is an affiliated issuer, were as follows:

Security Name	Value 09/30/20		Additions		Reductions		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value 12/31/20		Shares 12/31/20		Investment Income
Common Stock
BP Holdco LLC*	$	188	$	–	$	–	$	–	$	–		$	188		532	$	–
Mutual Funds
Guggenheim Strategy Fund II		26,762,744		158,869		–		–		(10,719	)		26,910,894		1,078,161		156,255
Guggenheim Strategy Fund III		14,458,530		73,586		–		–		17,340			14,549,456		579,660		71,913
Guggenheim Ultra Short Duration Fund — Institutional Class		26,551,766		77,904		–		–		82			26,629,752		2,668,312		76,494
	$	67,773,228	$	310,359	$	–	$	–	$	6,703		$	68,090,290			$	304,662

^* Non-income producing security.

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares			Value
EXCHANGE-TRADED FUNDS† - 6.8%
iShares Core U.S. Aggregate Bond ETF		243,050		$	28,726,079
iShares iBoxx $ Investment Grade Corporate Bond ETF		141,090			19,488,762
iShares iBoxx High Yield Corporate Bond ETF		68,700			5,997,510
Total Exchange-Traded Funds
(Cost $53,560,743)					54,212,351
MONEY MARKET FUND† - 8.5%
Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 0.01%1		67,822,297			67,822,297
Total Money Market Fund
(Cost $67,822,297)					67,822,297
		Face Amount~
FOREIGN GOVERNMENT DEBT†† - 28.7%
Government of Japan
(0.13)% due 01/06/2110		JPY	3,723,450,000		36,060,569
(0.16)% due 02/01/2110		JPY	2,085,000,000		20,194,313
(0.16)% due 01/12/2110		JPY	322,550,000		3,123,860
Government of United Kingdom
(0.20)% due 01/11/2110		GBP	20,000,000		27,351,265
(0.10)% due 01/29/2110		GBP	5,230,000		7,152,427
Kingdom of Sweden
(0.26)% due 03/17/2110		SEK	160,900,000		19,570,153
(0.22)% due 01/20/2110		SEK	32,950,000		4,006,514
Republic of France
(0.77)% due 01/06/2110		EUR	18,940,000		23,142,718
Kingdom of Spain
(0.58)% due 01/15/2110		EUR	16,040,000		19,604,502
Republic of Portugal
(0.56)% due 01/15/2110		EUR	15,690,000		19,175,364
Province of Quebec
0.13% due 01/08/2110		CAD	8,142,000		6,400,715
0.15% due 01/22/2110		CAD	7,760,000		6,100,045
Province of Newfoundland
0.12% due 01/14/2110		CAD	11,000,000		8,647,317
0.16% due 01/04/2110		CAD	2,600,000		2,043,972
0.15% due 01/28/2110		CAD	600,000		471,625
Province of Nova Scotia
0.12% due 01/14/2110		CAD	9,935,000		7,810,099
Federative Republic of Brazil
due 04/01/212		BRL	29,700,000		5,695,287
Province of New Brunswick
0.15% due 01/07/2110		CAD	5,003,000		3,933,075
Province of Manitoba Canada
0.15% due 01/27/2110		CAD	2,600,000		2,043,768
0.14% due 01/06/2110		CAD	700,000		550,300
0.15% due 01/20/2110		CAD	625,000		491,310
Abu Dhabi Government International Bond
0.75% due 09/02/23		2,200,000			2,205,500
Province of Ontario
0.13% due 01/20/2110		CAD	1,550,000		1,218,449
0.13% due 01/27/2110		CAD	660,000		518,803
0.13% due 01/06/2110		CAD	580,000		455,963
United Mexican States
4.28% due 01/07/2110		MXN	12,800,000		643,165
Total Foreign Government Debt
(Cost $224,461,451)					228,611,078
ASSET-BACKED SECURITIES†† - 24.5%
Collateralized Loan Obligations - 18.3%
Shackleton CLO Ltd.
2017-8A, 1.14% (3 Month USD LIBOR + 0.92%, Rate Floor: 0.00%) due 10/20/273,4		10,815,444			10,794,903
2018-6RA, 1.24% (3 Month USD LIBOR + 1.02%, Rate Floor: 1.02%) due 07/17/283,4		5,136,617			5,122,030
Carlyle Global Market Strategies CLO Ltd.
2018-2A, 1.00% (3 Month USD LIBOR + 0.78%, Rate Floor: 0.00%) due 04/27/273,4		6,660,218			6,614,099
2018-4A, 1.24% (3 Month USD LIBOR + 1.00%, Rate Floor: 1.00%) due 01/15/313,4		4,927,378			4,878,410
BXMT Ltd.
2020-FL2, 1.05% (1 Month USD LIBOR + 0.90%, Rate Floor: 0.90%) due 02/16/373,4		5,000,000			4,975,094
2020-FL3, 1.90% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 03/15/373,4		2,500,000			2,503,460
2020-FL2, 1.30% (1 Month USD LIBOR + 1.15%, Rate Floor: 1.15%) due 02/16/373,4		1,000,000			986,211
Halcyon Loan Advisors Funding Ltd.
2017-3A, 1.12% (3 Month USD LIBOR + 0.90%, Rate Floor: 0.00%) due 10/18/273,4		8,160,118			8,122,112
Dryden 33 Senior Loan Fund
2020-33A, 1.24% (3 Month USD LIBOR + 1.00%, Rate Floor: 1.00%) due 04/15/293,4		8,000,000			8,000,000
CIFC Funding 2015-III Ltd.
2018-3A, 1.09% (3 Month USD LIBOR + 0.87%, Rate Floor: 0.00%) due 04/19/293,4		6,475,000			6,439,650
Wellfleet CLO Ltd.
2019-1A, 1.36% (3 Month USD LIBOR + 1.15%, Rate Floor: 1.15%) due 04/20/293,4		3,978,984			3,962,367

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 24.5% (continued)
Collateralized Loan Obligations - 18.3% (continued)
2020-2A, 1.28% (3 Month USD LIBOR + 1.06%, Rate Floor: 0.00%) due 10/20/293,4		2,000,000	$	1,988,181
GPMT Ltd.
2019-FL2, 1.45% (1 Month USD LIBOR + 1.30%, Rate Floor: 1.30%) due 02/22/363,4		5,250,000		5,218,862
2018-FL1, 1.05% (1 Month USD LIBOR + 0.90%, Rate Floor: 0.90%) due 11/21/353,4		170,831		169,766
Westcott Park CLO Ltd.
2019-1A, 1.43% (3 Month USD LIBOR + 1.21%, Rate Floor: 0.00%) due 07/20/283,4		5,000,000		5,000,996
Crown Point CLO III Ltd.
2017-3A, 1.15% (3 Month USD LIBOR + 0.91%, Rate Floor: 0.00%) due 12/31/273,4		4,469,378		4,458,700
Marathon CLO V Ltd.
2017-5A, 1.08% (3 Month USD LIBOR + 0.87%, Rate Floor: 0.00%) due 11/21/273,4		3,991,985		3,966,644
MidOcean Credit CLO VII
2020-7A, 1.28% (3 Month USD LIBOR + 1.04%, Rate Floor: 0.00%) due 07/15/293,4		3,500,000		3,471,666
LoanCore Issuer Ltd.
2019-CRE2, 1.66% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 05/15/363,4		1,300,000		1,294,973
2018-CRE1, 1.29% (1 Month USD LIBOR + 1.13%, Rate Floor: 1.13%) due 05/15/283,4		1,094,646		1,093,564
2018-CRE1, 1.66% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 05/15/283,4		1,000,000		997,620
TICP CLO VII Ltd.
2020-7A, 0.79% (3 Month USD LIBOR + 0.55%, Rate Floor: 0.55%) due 04/15/333,4		3,375,000		3,355,669
OZLM XII Ltd.
2018-12A, 1.26% (3 Month USD LIBOR + 1.05%, Rate Floor: 0.00%) due 04/30/273,4		3,056,312		3,051,237
MP CLO VIII Ltd.
2018-2A, 1.13% (3 Month USD LIBOR + 0.91%, Rate Floor: 0.00%) due 10/28/273,4		3,022,339		3,004,787
Cerberus Loan Funding XXX, LP
2020-3A, 2.07% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 01/15/333,4		3,000,000		3,000,000
Woodmont Trust
2020-7A, 2.13% (3 Month USD LIBOR + 1.90%, Rate Floor: 0.00%) due 01/15/323,4		2,750,000		2,750,000
Venture XIV CLO Ltd.
2020-14A, 1.25% (3 Month USD LIBOR + 1.03%, Rate Floor: 1.03%) due 08/28/293,4		2,500,000		2,483,517
Greywolf CLO III Ltd.
2020-3RA, 0.72% (3 Month USD LIBOR + 0.50%, Rate Floor: 0.50%) due 04/15/333,4		2,333,333		2,318,792
ABPCI Direct Lending Fund IX LLC
2020-9A, 2.19% (3 Month USD LIBOR + 1.95%, Rate Floor: 1.95%) due 11/18/313,4		2,000,000		2,003,683
Owl Rock CLO IV Ltd.
2020-4A, 3.17% (3 Month USD LIBOR + 2.62%, Rate Floor: 2.62%) due 05/20/293,4		2,000,000		2,000,601
Parliament Funding II Ltd.
2020-1A, 2.76% (3 Month USD LIBOR + 2.45%, Rate Floor: 2.45%) due 08/12/303,4		2,000,000		1,999,967
GoldenTree Loan Management US CLO 1 Ltd.
2020-1A, 1.17% (3 Month USD LIBOR + 0.95%, Rate Floor: 0.95%) due 04/20/293,4		2,000,000		1,996,046
California Street CLO IX, LP
2019-9A, 0.93% (3 Month USD LIBOR + 0.70%, Rate Floor: 0.00%) due 07/16/323,4		2,000,000		1,988,560
Wind River CLO Ltd.
2017-2A, 1.11% (3 Month USD LIBOR + 0.87%, Rate Floor: 0.00%) due 10/15/273,4		1,863,392		1,855,854

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 24.5% (continued)
Collateralized Loan Obligations - 18.3% (continued)
Fortress Credit Opportunities XI CLO Ltd.
2018-11A, 1.54% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 04/15/313,4		1,800,000	$	1,779,119
Palmer Square Loan Funding Ltd.
2018-4A, 1.12% (3 Month USD LIBOR + 0.90%, Rate Floor: 0.00%) due 11/15/263,4		1,071,982		1,070,968
2019-3A, 1.07% (3 Month USD LIBOR + 0.85%, Rate Floor: 0.85%) due 08/20/273,4		707,010		706,171
610 Funding CLO 3 Ltd.
2018-3A, 1.47% (3 Month USD LIBOR + 1.25%, Rate Floor: 0.00%) due 07/17/283,4		1,712,540		1,710,604
Mountain View CLO Ltd.
2018-1A, 1.04% (3 Month USD LIBOR + 0.80%, Rate Floor: 0.80%) due 10/15/263,4		1,670,947		1,665,007
Newfleet CLO Ltd.
2018-1A, 1.17% (3 Month USD LIBOR + 0.95%, Rate Floor: 0.00%) due 04/20/283,4		1,663,535		1,655,001
Allegro CLO IX Ltd.
2018-3A, 1.40% (3 Month USD LIBOR + 1.17%, Rate Floor: 1.17%) due 10/16/313,4		1,500,000		1,489,066
Hunt CRE Ltd.
2018-FL2, 1.24% (1 Month USD LIBOR + 1.08%, Rate Floor: 1.08%) due 08/15/283,4		1,500,000		1,484,960
BSPRT Issuer Ltd.
2018-FL4, 1.21% (1 Month USD LIBOR + 1.05%, Rate Floor: 1.05%) due 09/15/353,4		999,597		987,909
2018-FL3, 1.21% (1 Month USD LIBOR + 1.05%, Rate Floor: 1.05%) due 03/15/283,4		423,122		420,423
Grand Avenue CRE Ltd.
2020-FL2, 2.61% (1 Month USD LIBOR + 2.45%, Rate Floor: 2.45%) due 03/15/353,4		1,249,880		1,260,902
Neuberger Berman CLO XX Ltd.
2017-20A, 1.04% (3 Month USD LIBOR + 0.80%, Rate Floor: 0.00%) due 01/15/283,4		1,248,778		1,245,265
KVK CLO Ltd.
2017-1A, 1.13% (3 Month USD LIBOR + 0.90%, Rate Floor: 0.00%) due 01/14/283,4		1,194,892		1,189,680
Voya CLO Ltd.
2019-2A, 0.87% (3 Month USD LIBOR + 0.65%, Rate Floor: 0.65%) due 07/20/323,4		1,125,000		1,114,276
BlueMountain CLO XXV Ltd.
2019-25A, 0.89% (3 Month USD LIBOR + 0.65%, Rate Floor: 0.65%) due 07/15/323,4		1,093,750		1,089,993
KREF Ltd.
2018-FL1, 1.25% (1 Month USD LIBOR + 1.10%, Rate Floor: 1.10%) due 06/15/363,4		1,000,000		995,050
Neuberger Berman CLO XVI-S Ltd.
2018-16SA, 1.09% (3 Month USD LIBOR + 0.85%, Rate Floor: 0.00%) due 01/15/283,4		865,223		863,429
NewStar Clarendon Fund CLO LLC
2019-1A, 1.52% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 01/25/273,4		756,519		755,782
TICP CLO I Ltd.
2018-1A, 1.02% (3 Month USD LIBOR + 0.80%, Rate Floor: 0.00%) due 07/20/273,4		746,150		745,139
Mountain Hawk II CLO Ltd.
2018-2A, 1.82% (3 Month USD LIBOR + 1.60%, Rate Floor: 0.00%) due 07/20/243,4		539,533		539,275
Fortress Credit Opportunities IX CLO Ltd.
2017-9A, 1.77% (3 Month USD LIBOR + 1.55%, Rate Floor: 0.00%) due 11/15/293,4		382,000		380,530

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 24.5% (continued)
Collateralized Loan Obligations - 18.3% (continued)
Golub Capital Partners CLO 17 Ltd.
2017-17A, 1.87% (3 Month USD LIBOR + 1.65%, Rate Floor: 0.00%) due 10/25/303,4		350,000	$	348,816
Venture XVI CLO Ltd.
2018-16A, 1.09% (3 Month USD LIBOR + 0.85%, Rate Floor: 0.85%) due 01/15/283,4		314,198		311,822
THL Credit Wind River CLO Ltd.
2019-1A, 1.12% (3 Month USD LIBOR + 0.88%, Rate Floor: 0.00%) due 01/15/263,4		102,949		102,928
Seneca Park CLO Limited
2017-1A, 1.34% (3 Month USD LIBOR + 1.12%, Rate Floor: 0.00%) due 07/17/263,4		96,682		96,653
Babson CLO Limited
2017-IA, 1.37% (3 Month USD LIBOR + 1.15%, Rate Floor: 0.00%) due 07/20/253,4		16,627		16,626
Total Collateralized Loan Obligations				145,893,415
Financial - 3.4%
Station Place Securitization Trust
2020-5, 1.15% (1 Month USD LIBOR + 1.00%, Rate Floor: 0.00%) due 05/24/22†††,4,5		8,100,000		8,100,000
2020-9, 1.64% (1 Month USD LIBOR + 1.50%, Rate Floor: 0.00%) due 02/15/21†††,4,5		2,000,000		2,000,000
2020-12, 1.64% (1 Month USD LIBOR + 1.50%, Rate Floor: 0.00%) due 06/09/21†††,3,4		1,000,000		1,000,000
Station Place Securitization Trust Series
2020-16, 1.14% (1 Month USD LIBOR + 1.00%, Rate Floor: 1.00%) due 12/22/213,4		6,700,000		6,700,000
2020-17, 1.14% (1 Month USD LIBOR + 1.00%, Rate Floor: 1.00%) due 03/24/213,4		3,800,000		3,800,000
Madison Avenue Secured Funding Trust Series
2020-1, 1.77% (1 Month USD LIBOR + 1.63%, Rate Floor: 0.00%) due 12/13/21†††,3,4		5,250,000		5,250,000
Total Financial				26,850,000
Infrastructure - 1.1%
VB-S1 Issuer LLC
2020-1A, 3.03% due 06/15/503		4,050,000		4,242,918
SBA Tower Trust
2.33% due 01/15/283		4,000,000		4,031,670
Total Infrastructure				8,274,588
Net Lease - 0.9%
Oak Street Investment Grade Net Lease Fund Series
2020-1A, 1.85% due 11/20/503		6,740,191		6,793,945
Transport-Container - 0.4%
Global SC Finance II SRL
2014-1A, 3.19% due 07/17/293		2,329,167		2,329,196
Textainer Marine Containers VII Ltd.
2020-1A, 2.73% due 08/21/453		868,576		893,439
Total Transport-Container				3,222,635
Collateralized Debt Obligations - 0.2%
Anchorage Credit Funding 3 Ltd.
2021-3A, 2.87% due 01/28/393		1,750,000		1,751,894
Transport-Aircraft - 0.1%
AIM Aviation Finance Ltd.
2015-1A, 4.21% due 02/15/403		897,389		696,058
Raspro Trust
2005-1A, 1.14% (3 Month USD LIBOR + 0.93%, Rate Floor: 0.93%) due 03/23/243,4		405,814		395,274
Total Transport-Aircraft				1,091,332
Whole Business - 0.1%
Taco Bell Funding LLC
2018-1A, 4.32% due 11/25/483		784,000		795,204
DB Master Finance LLC
2019-1A, 3.79% due 05/20/493		281,438		288,400
Total Whole Business				1,083,604
Total Asset-Backed Securities
(Cost $194,524,663)				194,961,413

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 14.1%
Financial - 5.0%
Sompo International Holdings Ltd.
4.70% due 10/15/22		5,120,000	$	5,471,813
Barclays Bank plc
1.70% due 05/12/22		4,600,000		4,681,352
Citizens Bank North America/Providence RI
1.04% (3 Month USD LIBOR + 0.81%) due 05/26/224		4,215,000		4,248,845
Wells Fargo & Co.
1.14% (3 Month USD LIBOR + 0.93%) due 02/11/224		2,800,000		2,802,377
4.13% due 08/15/23		800,000		873,861
Intercontinental Exchange, Inc.
0.87% (3 Month USD LIBOR + 0.65%) due 06/15/234		1,600,000		1,604,181
2.35% due 09/15/22		1,000,000		1,031,766
Svenska Handelsbanken AB
0.68% (3 Month USD LIBOR + 0.47%) due 05/24/214		2,250,000		2,254,002
American Express Co.
0.75% (3 Month USD LIBOR + 0.53%) due 05/17/214		2,150,000		2,153,225
Mitsubishi UFJ Financial Group, Inc.
1.01% (3 Month USD LIBOR + 0.79%) due 07/25/224		950,000		957,732
2.11% (3 Month USD LIBOR + 1.88%) due 03/01/214		672,000		673,858
1.28% (3 Month USD LIBOR + 1.06%) due 09/13/214		339,000		341,248
Synchrony Bank
3.65% due 05/24/21		1,720,000		1,737,054
UBS Group AG
2.00% (3 Month USD LIBOR + 1.78%, Rate Floor: 0.00%) due 04/14/213,4		1,400,000		1,406,491
Standard Chartered plc
1.32% due 10/14/233,6		1,350,000		1,363,500
Sumitomo Mitsui Financial Group, Inc.
1.91% (3 Month USD LIBOR + 1.68%) due 03/09/214		1,350,000		1,353,801
Aviation Capital Group LLC
2.88% due 01/20/223		1,200,000		1,215,084
Willis Towers Watson plc
5.75% due 03/15/21		1,200,000		1,212,084
Goldman Sachs Group, Inc.
1.98% (3 Month USD LIBOR + 1.77%) due 02/25/214		1,050,000		1,052,537
Santander UK plc
0.85% (3 Month USD LIBOR + 0.62%) due 06/01/214		980,000		982,242
Nordea Bank Abp
1.16% (3 Month USD LIBOR + 0.94%) due 08/30/233,4		550,000		554,689
Markel Corp.
3.63% due 03/30/23		450,000		478,628
Apollo Management Holdings, LP
4.00% due 05/30/243		350,000		387,570
Swedbank AB
2.65% due 03/10/213		300,000		301,258
Australia & New Zealand Banking Group Ltd.
1.22% (3 Month USD LIBOR + 0.99%) due 06/01/213,4		300,000		301,134
Citigroup, Inc.
1.60% (3 Month USD LIBOR + 1.38%) due 03/30/214		250,000		250,793
Marsh & McLennan Cos., Inc.
4.80% due 07/15/21		200,000		202,757
Assurant, Inc.
1.50% (3 Month USD LIBOR + 1.25%) due 03/26/214		194,000		194,003
Total Financial				40,087,885
Consumer, Non-cyclical - 2.4%
Sysco Corp.
5.65% due 04/01/25		3,350,000		3,983,155
General Mills, Inc.
0.77% (3 Month USD LIBOR + 0.54%) due 04/16/214		2,450,000		2,453,506
1.23% (3 Month USD LIBOR + 1.01%) due 10/17/234		200,000		203,257
Bayer US Finance II LLC
0.88% (3 Month USD LIBOR + 0.63%) due 06/25/213,4		1,700,000		1,703,452
Molina Healthcare, Inc.
5.38% due 11/15/22		1,550,000		1,641,062
Zimmer Biomet Holdings, Inc.
0.99% (3 Month USD LIBOR + 0.75%) due 03/19/214		1,400,000		1,400,000

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
CORPORATE BONDS†† - 14.1% (continued)
Consumer, Non-cyclical - 2.4% (continued)
AbbVie, Inc.
0.56% (3 Month USD LIBOR + 0.35%) due 05/21/214		1,300,000	$	1,301,255
Global Payments, Inc.
3.80% due 04/01/21		1,200,000		1,206,605
Altria Group, Inc.
4.75% due 05/05/21		1,154,000		1,170,630
CVS Health Corp.
0.95% (3 Month USD LIBOR + 0.72%) due 03/09/214		1,050,000		1,051,216
WEX, Inc.
4.75% due 02/01/233		850,000		851,062
Bunge Limited Finance Corp.
3.00% due 09/25/22		800,000		830,545
Spectrum Brands, Inc.
5.75% due 07/15/25		700,000		722,820
Keurig Dr Pepper, Inc.
3.55% due 05/25/21		500,000		506,236
Acadia Healthcare Company, Inc.
5.63% due 02/15/23		140,000		140,350
Nielsen Company Luxembourg SARL
5.50% due 10/01/213		75,000		75,188
Total Consumer, Non-cyclical				19,240,339
Industrial - 2.1%
Boeing Co.
1.95% due 02/01/24		6,000,000		6,179,271
Ryder System, Inc.
3.75% due 06/09/23		2,650,000		2,852,244
CNH Industrial Capital LLC
1.95% due 07/02/23		2,480,000		2,553,025
Siemens Financieringsmaatschappij N.V.
0.83% (3 Month USD LIBOR + 0.61%) due 03/16/223,4		1,870,000		1,881,314
Penske Truck Leasing Company LP / PTL Finance Corp.
3.65% due 07/29/213		1,294,000		1,313,971
2.70% due 11/01/243		500,000		535,662
Tyco Electronics Group S.A.
4.88% due 01/15/21		1,200,000		1,201,549
Northrop Grumman Corp.
3.50% due 03/15/21		250,000		251,547
Total Industrial				16,768,583
Communications - 1.4%
ViacomCBS, Inc.
4.25% due 09/01/23		2,200,000		2,395,095
4.75% due 05/15/25		940,000		1,091,324
Sprint Spectrum Company LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC
3.36% due 09/20/213		1,972,500		1,991,041
Netflix, Inc.
5.50% due 02/15/22		1,350,000		1,412,438
Level 3 Financing, Inc.
5.38% due 01/15/24		1,250,000		1,259,750
Telefonica Emisiones S.A.
5.46% due 02/16/21		1,125,000		1,131,301
Videotron Ltd.
5.00% due 07/15/22		900,000		946,134
Sirius XM Radio, Inc.
3.88% due 08/01/223		600,000		609,000
Total Communications				10,836,083
Energy - 1.1%
Phillips 66
0.90% due 02/15/24		3,400,000		3,408,235
0.83% (3 Month USD LIBOR + 0.60%) due 02/26/214		350,000		350,040
Valero Energy Corp.
1.20% due 03/15/24		3,000,000		3,027,612
Halliburton Co.
3.25% due 11/15/21		1,130,000		1,149,373
Marathon Petroleum Corp.
5.13% due 03/01/21		310,000		312,193
Total Energy				8,247,453
Utilities - 0.9%
Alexander Funding Trust
1.84% due 11/15/233		3,150,000		3,185,855
PPL WEM Limited / Western Power Distribution plc
5.38% due 05/01/213		2,596,000		2,605,354
Puget Energy, Inc.
6.00% due 09/01/21		1,300,000		1,345,365
Eversource Energy
2.50% due 03/15/21		250,000		250,601
Total Utilities				7,387,175
Technology - 0.7%
Microchip Technology, Inc.
2.67% due 09/01/233		2,570,000		2,687,870
0.97% due 02/15/243		500,000		501,224
Infor, Inc.
1.45% due 07/15/233		2,600,000		2,642,010
Total Technology				5,831,104
Basic Materials - 0.4%
Carpenter Technology Corp.
4.45% due 03/01/23		1,350,000		1,413,745
Reliance Steel & Aluminum Co.
4.50% due 04/15/23		1,300,000		1,402,591
Total Basic Materials				2,816,336
Consumer, Cyclical - 0.1%
Marriott International, Inc.
0.88% (3 Month USD LIBOR + 0.65%) due 03/08/214		700,000		700,266
Total Corporate Bonds
(Cost $110,420,359)				111,915,224

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 12.1%
Residential Mortgage Backed Securities - 10.6%
Verus Securitization Trust
2020-5, 1.22% due 05/25/653,7		5,081,010	$	5,088,098
2020-1, 2.42% due 01/25/603,7		2,607,946		2,656,531
2019-4, 2.64% due 11/25/593,7		1,595,977		1,632,980
2019-4, 2.85% due 11/25/593,7		1,188,131		1,215,022
CSMC Trust
2020-NQM1, 1.21% due 05/25/653,7		4,539,174		4,553,025
2020-RPL5, 3.02% due 08/25/603		3,185,758		3,194,831
SPS Servicer Advance Receivables Trust II
2020-T1, 1.28% due 11/15/523		7,000,000		7,023,660
NRZ Advance Receivables Trust
2020-T2, 1.48% due 09/15/533		4,150,000		4,167,533
2020-T3, 1.32% due 10/15/523		2,750,000		2,756,832
Ocwen Master Advance Receivables Trust
2020-T1, 1.28% due 08/15/523		5,150,000		5,160,871
New Residential Advance Receivables Trust Advance Receivables Backed Notes
2020-APT1, 1.04% due 12/16/523		4,000,000		4,001,083
CSMC Series
2014-2R, 0.35% (1 Month USD LIBOR + 0.20%, Rate Floor: 0.20%) due 02/27/463,4		2,227,287		2,182,797
2014-7R, 0.30% (WAC) due 10/27/363,4		1,588,177		1,567,971
New Residential Mortgage Loan Trust
2019-1A, 3.50% (WAC) due 10/25/593,4		2,057,416		2,196,219
2018-2A, 3.50% (WAC) due 02/25/583,4		1,384,431		1,451,390
FKRT
2020-C2A, 3.25% due 12/30/235		3,070,000		3,072,046
Towd Point Mortgage Trust
2018-2, 3.25% (WAC) due 03/25/583,4		1,088,161		1,139,026
2017-6, 2.75% (WAC) due 10/25/573,4		961,385		989,827
2017-5, 0.75% (1 Month USD LIBOR + 0.60%, Rate Floor: 0.00%) due 02/25/573,4		503,454		501,841
Ellington Financial Mortgage Trust
2020-2, 1.49% (WAC) due 10/25/653,4		1,635,964		1,637,358
2020-2, 1.64% (WAC) due 10/25/653,4		942,376		943,168
CIM Trust
2018-R4, 4.07% (WAC) due 12/26/573,4		2,466,331		2,477,213
Soundview Home Loan Trust
2006-OPT5, 0.29% (1 Month USD LIBOR + 0.14%, Rate Floor: 0.14%) due 07/25/364		2,532,030		2,461,575
Residential Mortgage Loan Trust
2020-1, 2.38% (WAC) due 02/25/243,4		2,276,001		2,319,466
Morgan Stanley ABS Capital I Incorporated Trust
2006-NC1, 0.72% (1 Month USD LIBOR + 0.57%, Rate Floor: 0.57%) due 12/25/354		2,190,034		2,176,797
Deephaven Residential Mortgage Trust
2019-3A, 2.96% (WAC) due 07/25/593,4		2,150,511		2,172,599
New Residential Advance Receivables Trust Advance Receivables Backed
2020-T1, 1.43% due 08/15/533		2,000,000		2,006,418
Starwood Mortgage Residential Trust
2020-1, 2.28% (WAC) due 02/25/503,4		1,241,496		1,268,825
2019-1, 2.94% (WAC) due 06/25/493,4		517,602		525,011
CIT Mortgage Loan Trust
2007-1, 1.50% (1 Month USD LIBOR + 1.35%, Rate Floor: 1.35%) due 10/25/373,4		1,770,567		1,778,997
Homeward Opportunities Fund I Trust
2019-3, 2.68% (WAC) due 11/25/593,4		1,154,475		1,175,328
2019-2, 2.70% (WAC) due 09/25/593,4		532,311		538,172

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 12.1% (continued)
Residential Mortgage Backed Securities - 10.6% (continued)
Argent Securities Incorporated Asset-Backed Pass-Through Certificates Series
2005-W2, 0.88% (1 Month USD LIBOR + 0.74%, Rate Floor: 0.74%) due 10/25/354		1,550,000	$	1,535,784
GS Mortgage-Backed Securities Trust
2020-NQM1, 1.38% (WAC) due 09/27/603,4		1,473,681		1,481,484
Citigroup Mortgage Loan Trust
2007-WFH2, 0.55% (1 Month USD LIBOR + 0.40%, Rate Floor: 0.40%) due 03/25/374		776,012		771,350
2019-IMC1, 2.72% (WAC) due 07/25/493,4		560,615		570,673
Ameriquest Mortgage Securities Incorporated Asset-Backed Pass-Through Certificates Series
2005-R10, 0.79% (1 Month USD LIBOR + 0.65%, Rate Floor: 0.65%) due 01/25/364		1,201,369		1,197,068
Banc of America Funding Trust
2015-R2, 0.41% (1 Month USD LIBOR + 0.26%, Rate Floor: 0.26%) due 04/29/373,4		1,200,000		1,164,382
BRAVO Residential Funding Trust
2019-NQM1, 2.67% (WAC) due 07/25/593,4		828,375		847,841
Nationstar HECM Loan Trust
2019-2A, 2.27% (WAC) due 11/25/293,4		538,735		539,880
Cascade Funding Mortgage Trust
2019-RM3, 2.80% (WAC) due 06/25/694,5		421,295		426,297
GE-WMC Asset-Backed Pass-Through Certificates Series
2005-2, 0.65% (1 Month USD LIBOR + 0.50%, Rate Floor: 0.50%) due 12/25/354		359,248		358,352
Total Residential Mortgage Backed Securities				84,925,621
Commercial Mortgage Backed Securities - 1.5%
Morgan Stanley Capital I Trust
2018-H3, 0.83% (WAC) due 07/15/514,8		46,375,148		2,220,850
2014-MP, 3.69% due 08/11/333		1,669,000		1,686,867
2014-CPT, 3.35% due 07/13/293		1,000,000		1,007,146
GRACE Mortgage Trust
2014-GRCE, 3.37% due 06/10/283		2,000,000		1,999,776
BENCHMARK Mortgage Trust
2019-B14, 0.79% (WAC) due 12/15/624,8		34,863,594		1,747,336
Citigroup Commercial Mortgage Trust
2019-GC41, 1.06% (WAC) due 08/10/564,8		24,936,826		1,729,975
JPMDB Commercial Mortgage Securities Trust
2018-C8, 0.64% (WAC) due 06/15/514,8		29,515,793		986,878
Wells Fargo Commercial Mortgage Trust
2015-NXS1, 2.63% due 05/15/48		391,506		391,355
Total Commercial Mortgage Backed Securities				11,770,183
Total Collateralized Mortgage Obligations
(Cost $96,015,531)				96,695,804
MUNICIPAL BONDS†† - 1.5%
New York - 1.0%
City of New York New York General Obligation Unlimited
0.09% (VRDN) due 04/01/429		7,505,000		7,505,000

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
MUNICIPAL BONDS†† - 1.5% (continued)
New York - 1.0% (continued)
New York City Transitional Finance Authority Future Tax Secured Revenue Bonds
0.10% (VRDN) due 08/01/429		350,000	$	350,000
Total New York				7,855,000
California - 0.4%
Metropolitan Water District of Southern California Revenue Bonds
0.07% (VRDN) due 07/01/479		3,420,000		3,420,000
McKinleyville Union School District General Obligation Unlimited
due 08/01/212		210,000		19,551
City of Fairfield California Revenue Bonds
8.38% due 06/01/21		10,000		10,228
Total California				3,449,779
Nevada - 0.1%
Las Vegas Valley Water District General Obligation Limited
5.13% due 06/01/21		120,000		122,362
Texas - 0.0%
West Travis County Public Utility Agency Revenue Bonds
5.00% due 08/15/21		50,000		51,475
Houston Higher Education Finance Corp. Revenue Bonds
5.00% due 09/01/22		25,000		26,960
North Texas Tollway Authority Revenue Bonds
5.00% due 09/01/21		25,000		25,791
Central Texas Turnpike System Revenue Bonds
due 08/15/212		10,000		9,888
Total Texas				114,114
Virginia - 0.0%
Virginia College Building Authority Revenue Bonds
3.00% due 09/01/21		60,000		61,064
City of Suffolk Virginia General Obligation Unlimited
5.00% due 02/01/21		20,000		19,870
Montgomery County Economic Development Authority Revenue Bonds
4.71% due 06/01/21		5,000		5,040
Total Virginia				85,974
Connecticut - 0.0%
Connecticut State Health & Educational Facility Authority Revenue Bonds
5.00% due 07/01/21		50,000		51,155
Connecticut State Health & Educational Facilities Authority Revenue Bonds
4.13% due 07/01/21		10,000		10,093
4.00% due 07/01/21		10,000		10,085
5.00% due 07/01/21		5,000		5,065
Total Connecticut				76,398
Colorado - 0.0%
Colorado Health Facilities Authority Revenue Bonds
5.00% due 02/01/21		75,000		75,060
Pennsylvania - 0.0%
Armstrong School District General Obligation Limited
6.95% due 03/15/21		15,000		15,194
7.00% due 03/15/21		15,000		15,045
Central Bucks School District General Obligation Limited
5.10% due 05/15/21		15,000		15,111
County of Montgomery Pennsylvania General Obligation Unlimited
5.20% due 04/01/21		15,000		15,024
City of Erie Pennsylvania General Obligation Unlimited
due 11/15/222		5,000		4,917
Total Pennsylvania				65,291
Kansas - 0.0%
City of Wichita Kansas Water & Sewer Utility Revenue Bonds
5.00% due 10/01/21		50,000		51,744
Arizona - 0.0%
Industrial Development Authority of the County of Pima Revenue Bonds
8.25% due 06/01/21		30,000		30,961
City of Mesa Arizona Excise Tax Revenue Bonds
5.00% due 07/01/22		5,000		5,307
Total Arizona				36,268
Maryland - 0.0%
Maryland Health & Higher Educational Facilities Authority Revenue Bonds
4.00% due 07/01/22		30,000		31,671
New Jersey - 0.0%
New Jersey Health Care Facilities Financing Authority Revenue Bonds
5.25% due 07/01/21		10,000		10,148

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
MUNICIPAL BONDS†† - 1.5% (continued)
New Jersey - 0.0% (continued)
New Jersey Economic Development Authority Revenue Bonds
due 07/01/212		10,000	$	9,881
Total New Jersey				20,029
Georgia - 0.0%
Marion County School District General Obligation Unlimited
5.52% due 02/01/21		20,000		19,875
Illinois - 0.0%
City of Moline Illinois General Obligation Unlimited
5.20% due 06/01/21		10,000		10,096
Illinois Finance Authority Revenue Bonds
4.00% due 05/15/22		5,000		5,177
Total Illinois				15,273
Massachusetts - 0.0%
Commonwealth of Massachusetts Transportation Fund Revenue Bonds
4.00% due 06/01/21		15,000		15,087
Oregon - 0.0%
Oregon State Lottery Revenue Bonds
5.25% due 04/01/21		15,000		15,031
Puerto Rico - 0.0%
Puerto Rico Highway & Transportation Authority Revenue Bonds
5.25% due 07/01/22		10,000		10,635
Indiana - 0.0%
Indiana Finance Authority Revenue Bonds
4.50% due 03/01/21		10,000		9,967
Alabama - 0.0%
University of West Alabama Revenue Bonds
6.50% due 01/01/21		10,000		9,900
North Carolina - 0.0%
Inlivian Revenue Bonds
6.00% due 12/01/21		5,000		5,241
Missouri - 0.0%
Health & Educational Facilities Authority of the State of Missouri Revenue Bonds
5.00% due 11/15/21		5,000		5,159
South Carolina - 0.0%
South Carolina Jobs-Economic Development Authority Revenue Bonds
6.00% due 08/01/21		5,000		5,116
Total Municipal Bonds
(Cost $12,097,810)				12,094,974
SENIOR FLOATING RATE INTERESTS††,4 - 1.3%
Industrial - 0.4%
Reynolds Group Holdings, Inc.
2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 02/06/23		1,000,000		995,000
Filtration Group Corp.
3.15% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/31/25		846,130		836,230
Gates Global LLC
3.75% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.75%) due 04/01/24		696,181		693,668
VC GB Holdings, Inc.
4.00% (1 Month USD LIBOR + 3.00%, Rate Floor: 4.00%) due 02/28/24†††		500,000		498,750
Total Industrial				3,023,648
Financial - 0.3%
AlixPartners, LLP
2.50% (1 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 04/04/24		1,296,632		1,280,632
USI, Inc.
3.25% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 05/16/24		797,938		785,801
HUB International Ltd.
2.96% (3 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 04/25/25		450,000		441,423
Focus Financial Partners, LLC
2.15% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 07/03/24		99,744		98,954
Total Financial				2,606,810
Consumer, Cyclical - 0.2%
Samsonite IP Holdings SARL
5.50% (1 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 04/25/25		1,144,250		1,136,389
Go Daddy Operating Company LLC
1.90% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 02/15/24		498,279		497,656

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,4 - 1.3% (continued)
Consumer, Cyclical - 0.2% (continued)
Burlington Stores, Inc.
1.91% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 11/17/24		100,000	$	98,250
Total Consumer, Cyclical				1,732,295
Technology - 0.2%
MACOM Technology Solutions Holdings, Inc.
2.40% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 05/17/24		1,346,644		1,311,631
Consumer, Non-cyclical - 0.1%
Dole Food Company, Inc.
3.75% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.75%) due 04/06/24		397,279		396,286
National Mentor Holdings, Inc.
due 03/09/26		349,600		348,799
Nomad Foods Lux SARL
2.41% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 05/15/24		300,000		296,025
Civitas Solutions, Inc.
4.43% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 03/09/26		48,247		48,137
4.51% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 03/09/26		2,153		2,148
Total Consumer, Non-cyclical				1,091,395
Basic Materials - 0.1%
Invictus MD Strategies Corp.
3.15% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/28/25		548,590		538,205
HB Fuller Co.
2.15% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 10/21/24		139,180		138,084
Total Basic Materials				676,289
Communications - 0.0%
WMG Acquisition Corp.
2.27% (1 Month USD LIBOR + 2.13%, Rate Floor: 2.13%) due 11/01/23		200,000		199,468
Total Senior Floating Rate Interests
(Cost $10,564,778)				10,641,536
U.S. TREASURY BILLS†† - 0.1%
U.S. Treasury Bills
0.07% due 02/02/2110		600,000		599,963
Total U.S. Treasury Bills
(Cost $599,960)				599,963
REPURCHASE AGREEMENTS††,11 - 2.9%
J.P. Morgan Securities LLC
issued 12/31/20 at 0.06%  due 01/04/21		23,000,000		23,000,000
Total Repurchase Agreements
(Cost $23,000,000)				23,000,000
Total Investments - 100.5%
(Cost $793,067,592)			$	800,554,640
Other Assets & Liabilities, net - (0.5)%				(4,161,319	)
Total Net Assets - 100.0%			$	796,393,321

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Total Return Swap Agreements
Counterparty	Index	Financing Rate Receive	Payment Frequency	Maturity Date	Units	Notional Amount		Value and Unrealized Depreciation
OTC Fixed Income Index Swap Agreements Sold Short††
JPMorgan Chase Bank, N.A.	iShares Core U.S. Aggregate Bond ETF	(0.54)% (2 Month USD LIBOR + 0.36%)	At Maturity	01/21/21	62,500	$	7,386,875	$	(15,000	)
BNP Paribas	iShares Core U.S. Aggregate Bond ETF	(0.54)% (3 Month USD LIBOR + 0.40%)	At Maturity	01/20/21	40,600		4,798,514		(22,736	)
JPMorgan Chase Bank, N.A.	iShares Core U.S. Aggregate Bond ETF	(0.45)% (3 Month USD LIBOR + 0.24%)	At Maturity	01/20/21	42,500		5,023,075		(28,900	)
BNP Paribas	iShares Core U.S. Aggregate Bond ETF	(0.47)% (1 Month USD LIBOR + 0.32%)	At Maturity	01/21/21	97,450		11,517,615		(44,827	)
Goldman Sachs International	iShares iBoxx $ High Yield Corporate Bond ETF	(0.50)% (1 Month USD LIBOR + 0.35%)	At Maturity	01/27/21	68,700		5,997,510		(70,761	)
Goldman Sachs International	iShares iBoxx $ Investment Grade Corporate Bond ETF	(0.47)% (1 Month USD LIBOR + 0.33%)	At Maturity	02/01/21	42,400		5,856,712		(186,560	)
Goldman Sachs International	iShares iBoxx $ Investment Grade Corporate Bond ETF	(0.48)% (1 Month USD LIBOR + 0.33%)	At Maturity	01/29/21	98,690		13,632,050		(365,153	)
						$	54,212,351	$	(733,937	)

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Forward Foreign Currency Exchange Contracts††
Counterparty	Contracts to Sell	Currency	Settlement Date	Settlement Value		Value at December 31, 2020		Unrealized Appreciation (Depreciation)
JPMorgan Chase Bank, N.A.	9,900,000	BRL	07/01/21	$	2,372,110	$	1,899,626	$	472,484
Citibank N.A., New York	8,240,000	BRL	07/01/21		1,997,146		1,581,103		416,043
Citibank N.A., New York	464,232,000	JPY	07/01/21		4,571,102		4,506,085		65,017
Barclays Bank plc	429,214,500	JPY	07/01/21		4,219,983		4,166,186		53,797
Goldman Sachs International	860,000	BRL	07/01/21		201,476		165,018		36,458
Citibank N.A., New York	9,095,000	CAD	01/14/21		7,154,010		7,150,392		3,618
Goldman Sachs International	12,800,000	MXN	01/07/21		645,910		643,561		2,349
BNP Paribas	1,550,000	CAD	01/20/21		1,218,990		1,218,633		357
Citibank N.A., New York	625,000	CAD	01/20/21		491,482		491,384		98
Barclays Bank plc	162,000	CAD	01/08/21		127,392		127,359		33
Citibank N.A., New York	232,000	JPY	01/04/21		2,264		2,247		17
Barclays Bank plc	214,500	JPY	01/04/21		2,089		2,077		12
Citibank N.A., New York	92	ILS	02/01/21		26		29		(3	)
BNP Paribas	600,000	CAD	01/28/21		471,605		471,749		(144	)
Goldman Sachs International	840,000	CAD	01/14/21		660,115		660,399		(284	)
BNP Paribas	910,000	CAD	01/27/21		715,151		715,482		(331	)
Bank of America, N.A.	33,550	ILS	02/01/21		9,803		10,459		(656	)
Barclays Bank plc	63,277	ILS	08/02/21		18,856		19,804		(948	)
Morgan Stanley Capital Services LLC	125,000	CAD	01/07/21		96,824		98,270		(1,446	)
UBS AG	103,450,000	JPY	01/06/21		1,000,237		1,001,892		(1,655	)
JPMorgan Chase Bank, N.A.	580,000	CAD	01/06/21		453,869		455,970		(2,101	)
UBS AG	20,000,000	MXN	01/14/21		1,001,382		1,004,760		(3,378	)
Goldman Sachs International	700,000	CAD	01/06/21		545,888		550,309		(4,421	)
Citibank N.A., New York	2,350,000	CAD	01/27/21		1,842,747		1,847,675		(4,928	)
Bank of America, N.A.	643,550	ILS	01/31/22		190,795		202,342		(11,547	)
UBS AG	322,550,000	JPY	01/12/21		3,101,442		3,124,085		(22,643	)
Barclays Bank plc	179,895,000	HUF	04/21/21		583,509		606,444		(22,935	)
UBS AG	73,750,000	MXN	02/18/21		3,651,292		3,690,726		(39,434	)
BNP Paribas	7,760,000	CAD	01/22/21		6,053,056		6,101,093		(48,037	)
JPMorgan Chase Bank, N.A.	16,900,000	SEK	03/17/21		2,004,797		2,056,438		(51,641	)
Goldman Sachs International	3,270,500	ILS	01/31/22		968,615		1,028,293		(59,678	)
Bank of America, N.A.	3,949,100	ILS	04/30/21		1,169,117		1,233,665		(64,548	)
JPMorgan Chase Bank, N.A.	3,530,000	CAD	01/27/21		2,708,893		2,775,443		(66,550	)
Citibank N.A., New York	4,100,600	ILS	04/30/21		1,211,791		1,280,992		(69,201	)
Goldman Sachs International	4,191,500	ILS	04/30/21		1,227,224		1,309,390		(82,166	)
JPMorgan Chase Bank, N.A.	2,600,000	CAD	01/04/21		1,957,712		2,043,993		(86,281	)
Barclays Bank plc	2,804,000,000	JPY	01/06/21		27,068,250		27,156,174		(87,924	)
Barclays Bank plc	8,523,623	ILS	08/01/22		2,581,742		2,687,789		(106,047	)
JPMorgan Chase Bank, N.A.	4,878,000	CAD	01/07/21		3,723,841		3,834,887		(111,046	)
JPMorgan Chase Bank, N.A.	7,980,000	CAD	01/08/21		6,161,083		6,273,587		(112,504	)
UBS AG	80,200,000	MXN	01/28/21		3,904,645		4,022,639		(117,994	)
Goldman Sachs International	29,700,000	BRL	04/01/21		5,573,801		5,715,136		(141,335	)
Goldman Sachs International	2,216,500	EUR	07/30/21		2,574,742		2,721,175		(146,433	)
Citibank N.A., New York	816,000,000	JPY	01/06/21		7,754,944		7,902,795		(147,851	)
UBS AG	32,950,000	SEK	01/20/21		3,852,715		4,007,006		(154,291	)
Citibank N.A., New York	18,940,000	EUR	01/06/21		22,984,071		23,143,309		(159,238	)
JPMorgan Chase Bank, N.A.	195,330,000	MXN	01/14/21		9,650,548		9,812,986		(162,438	)
Goldman Sachs International	2,085,000,000	JPY	02/01/21		20,026,299		20,199,910		(173,611	)
JPMorgan Chase Bank, N.A.	2,407,925	EUR	07/30/21		2,779,155		2,956,185		(177,030	)
JPMorgan Chase Bank, N.A.	5,230,000	GBP	01/29/21		6,972,719		7,153,827		(181,108	)
UBS AG	11,000,000	CAD	01/14/21		8,459,632		8,648,083		(188,451	)
JPMorgan Chase Bank, N.A.	6,430,000	EUR	01/15/21		7,611,738		7,858,802		(247,064	)
UBS AG	206,200,000	MXN	02/25/21		10,013,549		10,311,426		(297,877	)
Citibank N.A., New York	10,920,000	EUR	01/15/21		13,016,371		13,346,518		(330,147	)
Citibank N.A., New York	144,000,000	SEK	03/17/21		17,014,841		17,522,309		(507,468	)
UBS AG	14,380,000	EUR	01/15/21		17,017,379		17,575,361		(557,982	)
Barclays Bank plc	34,471,970	ILS	02/01/21		10,046,528		10,746,594		(700,066	)
Citibank N.A., New York	20,000,000	GBP	01/11/21		26,629,424		27,352,605		(723,181	)
Goldman Sachs International	34,828,865	ILS	02/01/21		10,133,222		10,857,856		(724,634	)
								$	(5,850,393	)

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Counterparty	Contracts to Buy	Currency	Settlement Date	Settlement Value		Value at December 31, 2020		Unrealized Appreciation (Depreciation)
UBS AG	51,039,621	ILS	02/01/21	$	15,257,702	$	15,911,539	$	653,837
Goldman Sachs International	18,294,856	ILS	02/01/21		5,128,073		5,703,399		575,326
Goldman Sachs International	4,624,425	EUR	07/30/21		5,306,528		5,677,360		370,832
Barclays Bank plc	8,523,623	ILS	08/01/22		2,345,521		2,687,789		342,268
Goldman Sachs International	6,120,600	ILS	04/30/21		1,707,090		1,912,024		204,934
JPMorgan Chase Bank, N.A.	6,120,600	ILS	04/30/21		1,724,599		1,912,024		187,425
UBS AG	206,200,000	MXN	02/25/21		10,151,560		10,311,426		159,866
Goldman Sachs International	3,914,050	ILS	01/31/22		1,086,029		1,230,635		144,606
UBS AG	80,200,000	MXN	01/28/21		3,962,638		4,022,639		60,001
JPMorgan Chase Bank, N.A.	3,530,000	CAD	01/27/21		2,729,684		2,775,443		45,759
BNP Paribas	73,750,000	MXN	02/18/21		3,670,067		3,690,726		20,659
Barclays Bank plc	63,277	ILS	07/30/21		17,339		19,802		2,463
Citibank N.A., New York	12,635,000	BRL	07/01/21		2,423,070		2,424,421		1,351
JPMorgan Chase Bank, N.A.	446,500	JPY	01/04/21		4,335		4,324		(11	)
Citibank N.A., New York	179,895,000	HUF	04/21/21		611,285		606,444		(4,841	)
UBS AG	215,330,000	MXN	01/14/21		10,826,974		10,817,746		(9,228	)
JPMorgan Chase Bank, N.A.	6,365,000	BRL	07/01/21		1,233,527		1,221,325		(12,202	)
JPMorgan Chase Bank, N.A.	893,446,500	JPY	07/01/21		8,723,785		8,672,271		(51,514	)
								$	2,691,531

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

~	The face amount is denominated in U.S. dollars unless otherwise indicated.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
1	Rate indicated is the 7-day yield as of December 31, 2020.
2	Zero coupon rate security.
3	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $290,799,783 (cost $289,484,818), or 36.5% of total net assets.
4	Variable rate security. Rate indicated is the rate effective at December 31, 2020. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
5	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $13,598,343 (cost $13,593,118), or 1.7% of total net assets — See Note 6.
6	Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.
7	Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2020. See table below for additional step information for each security.
8	Security is an interest-only strip.
9	The rate is adjusted periodically by the counterparty, allows the holder to tender the security upon a rate reset, and is not based upon a set reference rate and spread. Rate indicated is the rate effective at December 31, 2020.
10	Rate indicated is the effective yield at the time of purchase.
11	Repurchase Agreements - The interest rate on repurchase agreements is market driven and based on the underlying collateral obtained. See additional disclosure in the repurchase agreements table below for more information on repurchase agreements.

BRL — Brazilian Real

CAD — Canadian Dollar

EUR — Euro

GBP — British Pound

HUF — Hungarian Forint

ILS — Israeli New Shekel

JPY — Japanese Yen

LIBOR — London Interbank Offered Rate

MXN — Mexican Peso

plc — Public Limited Company

SARL — Société à Responsabilité Limitée

SEK — Swedish Krona

VRDN — Variable Rate Demand Note

WAC — Weighted Average Coupon

See Sector Classification in Other Information section.

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

The following table summarizes the inputs used to value the Fund's investments at December 31, 2020 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Exchange-Traded Funds	$	54,212,351	$	—	$	—	$	54,212,351
Money Market Fund		67,822,297		—		—		67,822,297
Foreign Government Debt		—		228,611,078		—		228,611,078
Asset-Backed Securities		—		178,611,413		16,350,000		194,961,413
Corporate Bonds		—		111,915,224		—		111,915,224
Collateralized Mortgage Obligations		—		96,695,804		—		96,695,804
Municipal Bonds		—		12,094,974		—		12,094,974
Senior Floating Rate Interests		—		10,142,786		498,750		10,641,536
U.S. Treasury Bills		—		599,963		—		599,963
Repurchase Agreements		—		23,000,000		—		23,000,000
Forward Foreign Currency Exchange Contracts**		—		3,819,610		—		3,819,610
Total Assets	$	122,034,648	$	665,490,852	$	16,848,750	$	804,374,250

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Fixed Income Index Swap Agreements**	$	—	$	733,937	$	—	$	733,937
Forward Foreign Currency Exchange Contracts**		—		6,978,472		—		6,978,472
Total Liabilities	$	—	$	7,712,409	$	—	$	7,712,409

^** This derivative is reported as unrealized appreciation/depreciation at period end.

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:

Category	Ending Balance at December 31, 2020		Valuation Technique	Unobservable Inputs	Input Range	Weighted Average
Assets:
Asset-Backed Securities	$	11,100,000	Option Adjusted Spread off the prior month end broker quote	Broker Quote	—	—
Asset-Backed Securities		5,250,000	Model Price	Purchase Price	—	—
Senior Floating Rate Interests		498,750	Third Party Pricing	Broker Quote	—	—
Total Assets	$	16,848,750

Significant changes in a quote would generally result in significant changes in the fair value of the security.

The Fund’s fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment’s valuation changes. For the period ended December 31, 2020, the Fund had assets with a total value of $1,000,000 transfer into Level 3 from Level 2 due to a lack of observable inputs.

Summary of Fair Value Level 3 Activity

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2020:

	Assets
	Asset- Backed Securities			Collateralized Mortgage Obligations			Senior Floating Rate Interests		Total Assets
Beginning Balance	$	15,400,000		$	4,875,837		$	-	$	20,275,837
Purchases/(Receipts)		5,250,000			-			494,000		5,744,000
(Sales, maturities and paydowns)/Fundings		(5,300,000	)		(4,832,346	)		-		(10,132,346	)
Amortization of premiums/discounts		-			(6	)		81		75
Total realized gains (losses) included in earnings		-			(3	)		-		(3	)
Total change in unrealized appreciation (depreciation) included in earnings		-			(43,482	)		4,669		(38,813	)
Transfers into Level 3		1,000,000			-			-		1,000,000
Transfers out of Level 3		-			-			-		-
Ending Balance	$	16,350,000		$	-		$	498,750	$	16,848,750
Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31, 2020	$	-		$	-		$	4,669	$	4,669

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

Step Coupon Bonds

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, none are scheduled to decrease.

Name	Coupon Rate at Next Reset Date	Next Rate Reset Date
CSMC Trust 2020-NQM1, 1.21% due 05/25/65	2.21%	09/26/24
Verus Securitization Trust 2020-1, 2.42% due 01/25/60	3.42%	01/26/24
Verus Securitization Trust 2020-5, 1.22% due 05/25/65	2.22%	10/26/24
Verus Securitization Trust 2019-4, 2.64% due 11/25/59	3.64%	10/26/23
Verus Securitization Trust 2019-4, 2.85% due 11/25/59	3.85%	10/26/23

Repurchase Agreements

The Fund may engage in repurchase agreements. Repurchase agreements are fixed income securities in the form of agreements backed by collateral. These agreements typically involve the acquisition by the Fund of securities from the selling institution coupled with the agreement that the selling institution will repurchase the underlying securities at a specified price and at a fixed time in the future. The Fund may accept a wide variety of underlying securities as collateral for the repurchase agreements entered into by the Fund. Any such securities serving as collateral are marked-to-market daily in order to maintain full collateralization.

In connection with transactions in repurchase agreements, it is the Fund’s policy that its custodian take possession of the underlying collateral. The collateral is in the possession of the Fund’s custodian and is evaluated to ensure that its market value exceeds, at a minimum, 102% of the original face amount of the repurchase agreements.

The use of repurchase agreements involves certain risks. For example, if the selling institution defaults on its obligation to repurchase the underlying securities at a time when the value of securities has declined, the Fund may incur a loss upon disposition of them. In the event of an insolvency or bankruptcy by the selling institution, the Fund’s right to control the collateral could be affected and result in certain costs and delays. In addition, the Fund could incur a loss if the value of the underlying collateral falls below the agreed upon repurchase price.

At December 31, 2020, the repurchase agreements in the account were as follows:

Counterparty and Terms of Agreement	Face Value		Repurchase Price		Collateral	Par Value		Fair Value
J.P. Morgan Securities LLC					U.S. Treasury Note
0.06%					3.00%
01/04/21	$	23,000,000	$	23,000,153	10/31/25	$	20,600,800	$	23,329,773
					U.S. Treasury Note
					2.63%
					12/15/21		59,100		60,572
					U.S. Treasury Bond
					7.65%
					11/15/22		11,100		12,759
					U.S. Treasury Bond
					1.13%
					08/15/40		12,800		12,152
					U.S. Treasury Bond
					6.13%
					11/15/27		6,200		8,555
					U.S. Treasury Bill
					0.00%
					01/07/21		7,200		7,200
					U.S. Treasury Strip
					0.00%
					05/15/49		10,000		6,194
					U.S. Treasury Bond
					6.63%
					02/15/27		4,400		6,133
					U.S. Cash Management Bill
					0.00%
					06/01/21		3,600		3,599
					U.S. Treasury Note
					2.13%
					02/29/24		2,400		2,563
					U.S. Treasury Inflation Indexed Bond
					0.63%
					01/15/24		1,786		1,921
					U.S. Treasury Note
					2.50%
					08/15/23		1,600		1,713
					U.S. Treasury Note
					2.13%
					07/31/24		1,300		1,400
					U.S. Treasury Note
					2.88%
					05/31/25		800		892
					U.S. Treasury Note
					1.88%
					08/31/24		800		853
					U.S. Treasury Bond
					7.63%
					11/15/22		600		690
					U.S. Treasury Note
					2.75%
					11/15/23		400		431
					U.S. Treasury Note
					2.50%
					03/31/23		400		424
					U.S. Treasury Note
					1.50%
					01/31/22		400		408
					U.S. Treasury Bill
					0.00%
					05/20/21		400		400
					U.S. Treasury Bond
					7.13%
					02/15/23		200		235
					U.S. Treasury Strip
					0.00%
					02/15/22		205		205
					U.S. Treasury Note
					2.00%
					08/31/21		200		204
					U.S. Treasury Strip
					0.00%
					05/15/24		205		203
					U.S. Treasury Strip
					0.00%
					02/15/43		205		142
					U.S. Treasury Strip
					0.00%
					05/15/42		198		140
					U.S. Treasury Strip
					0.00%
					08/15/44		205		137
					U.S. Treasury Strip
					0.00%
					11/15/44		160		107
					U.S. Treasury Strip
					0.00%
					02/15/33		102		88
					U.S. Treasury Strip
					0.00%
					11/15/47		100		64
							20,727,866		23,460,157

World Equity Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 96.5%
Financial - 20.5%
Mastercard, Inc. — Class A		1,782	$	636,067
Citigroup, Inc.		7,900		487,114
Wells Fargo & Co.		15,900		479,862
Legal & General Group plc††		120,900		440,463
DBS Group Holdings Ltd.††		23,100		438,170
Oversea-Chinese Banking Corporation Ltd.††		53,500		408,076
Prudential Financial, Inc.		4,700		366,929
Simon Property Group, Inc. REIT		4,200		358,176
United Overseas Bank Ltd.††		20,300		346,324
Sumitomo Mitsui Financial Group, Inc.††		11,100		344,076
Medical Properties Trust, Inc. REIT		14,928		325,281
Annaly Capital Management, Inc. REIT		37,415		316,157
BOC Hong Kong Holdings Ltd.††		98,800		299,499
Zurich Insurance Group AG††		673		283,664
Admiral Group plc††		7,000		276,710
VEREIT, Inc.		7,100		268,309
Mitsubishi UFJ Financial Group, Inc.††		60,000		265,655
AGNC Investment Corp. REIT		17,000		265,200
Daiwa House REIT Investment Corp.††		100		247,384
Synchrony Financial		7,100		246,441
AvalonBay Communities, Inc. REIT		1,500		240,645
Banque Cantonale Vaudoise††		2,200		239,508
Vornado Realty Trust REIT		6,100		227,774
Citizens Financial Group, Inc.		6,100		218,136
Goldman Sachs Group, Inc.		800		210,968
Hang Seng Bank Ltd.††		11,100		191,573
Equity Residential REIT		3,200		189,696
NN Group N.V.††		4,000		172,956
KeyCorp		10,100		165,741
Capital One Financial Corp.		1,300		128,505
New World Development Company Ltd.††		27,600		128,412
Tryg A/S††		4,000		125,813
AXA S.A.††		5,100		122,335
Bank of America Corp.		4,000		121,240
Public Storage REIT		408		94,220
Allstate Corp.		700		76,951
Total Financial				9,754,030
Consumer, Non-cyclical - 18.2%
PepsiCo, Inc.		3,505		519,792
Merck & Company, Inc.		6,300		515,340
Philip Morris International, Inc.		5,800		480,182
AbbVie, Inc.		3,800		407,170
Roche Holding AG††		1,168		406,882
DexCom, Inc.*		1,100		406,692
Genmab A/S*,††		1,000		405,520
Square, Inc. — Class A*		1,800		391,752
Vertex Pharmaceuticals, Inc.*		1,400		330,876
Recruit Holdings Company Ltd.††		7,300		306,619
Tyson Foods, Inc. — Class A		4,700		302,868
Kimberly-Clark Corp.		2,191		295,413
Procter & Gamble Co.		2,103		292,611
Sysco Corp.		3,900		289,614
Kraft Heinz Co.		8,100		280,746
Boston Scientific Corp.*		7,100		255,245
Johnson & Johnson		1,600		251,808
WH Group Ltd.††,2		294,500		246,965
Colgate-Palmolive Co.		2,882		246,440
Novo Nordisk A/S — Class B††		3,530		246,265
CVS Health Corp.		3,600		245,880
Jazz Pharmaceuticals plc*		1,200		198,060
ABIOMED, Inc.*		600		194,520
CoStar Group, Inc.*		200		184,856
Humana, Inc.		400		164,108
Archer-Daniels-Midland Co.		3,200		161,312
Kellogg Co.		2,156		134,168
Bristol-Myers Squibb Co.		1,900		117,857
HCA Healthcare, Inc.		600		98,676
Baxter International, Inc.		1,200		96,288
Incyte Corp.*		1,000		86,980
S&P Global, Inc.		210		69,033
Total Consumer, Non-cyclical				8,630,538
Technology - 16.1%
Apple, Inc.		11,236		1,490,905
Microsoft Corp.		5,542		1,232,651
ASML Holding N.V.††		1,300		629,557
NVIDIA Corp.		800		417,760
Texas Instruments, Inc.		2,498		409,997
Micron Technology, Inc.*		5,300		398,454
Advanced Micro Devices, Inc.*		4,300		394,353
Twilio, Inc. — Class A*		1,100		372,350
Seagate Technology plc		5,823		361,958
ASM Pacific Technology Ltd.††		22,100		291,881
International Business Machines Corp.		2,200		276,936
salesforce.com, Inc.*		1,200		267,036
Lam Research Corp.		500		236,135
Western Digital Corp.		4,200		232,638
SAP AG††		1,400		181,363
Oracle Corporation Japan††		1,100		143,389
Hewlett Packard Enterprise Co.		10,100		119,685
Tokyo Electron Ltd.††		300		112,068
Square Enix Holdings Company Ltd.††		1,700		103,071
Total Technology				7,672,187
Industrial - 9.7%
3M Co.		2,647		462,669
Atlas Copco AB — Class A††		7,900		406,169
DSV PANALPINA A/S††		2,300		386,567
Lockheed Martin Corp.		1,000		354,980
Kone Oyj — Class B††		4,165		339,433
Northrop Grumman Corp.		1,000		304,720
Husqvarna AB — Class B††		21,200		275,225
Illinois Tool Works, Inc.		1,121		228,550
Keyence Corp.††		400		225,005
Investment AB Latour — Class B††		9,100		220,501
CRH plc ADR††		5,100		216,930
Venture Corporation Ltd.††		13,200		194,271
Deutsche Post AG††		3,800		188,274
Waste Management, Inc.		1,446		170,527
Packaging Corporation of America		1,119		154,321

World Equity Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

	Shares		Value
COMMON STOCKS† - 96.5% (continued)
Industrial - 9.7% (continued)
Komatsu Ltd.††		4,900	$	135,230
Siemens AG††		800		115,260
ROCKWOOL International A/S — Class B††		300		112,284
SKF AB — Class B††		4,000		104,112
Total Industrial				4,595,028
Basic Materials - 8.0%
Rio Tinto plc††		7,800		587,048
LyondellBasell Industries N.V. — Class A		4,800		439,968
Givaudan S.A.††		100		423,154
FMC Corp.		2,900		333,297
UPM-Kymmene Oyj††		8,900		331,962
Nucor Corp.		5,900		313,821
Boliden AB††		8,000		283,915
Steel Dynamics, Inc.		7,000		258,090
Fortescue Metals Group Ltd.††		13,300		240,286
Koninklijke DSM N.V.††		900		154,805
Arkema S.A.††		1,000		114,445
Covestro AG††,2		1,800		110,927
Novozymes A/S — Class B††		1,900		108,231
Johnson Matthey plc††		3,000		99,355
Total Basic Materials				3,799,304
Communications - 7.8%
Amazon.com, Inc.*		401		1,306,029
Alphabet, Inc. — Class C*		424		742,797
ViacomCBS, Inc. — Class B		8,700		324,162
Facebook, Inc. — Class A*		1,150		314,134
Lumen Technologies, Inc.		22,200		216,450
Kakaku.com, Inc.††		7,900		216,248
ZOZO, Inc.††		7,900		194,609
HKT Trust & HKT Ltd.††		125,748		163,094
Twitter, Inc.*		2,000		108,300
Netflix, Inc.*		200		108,146
Total Communications				3,693,969
Utilities - 7.2%
Southern Co.		6,500		399,295
FirstEnergy Corp.		12,530		383,543
PPL Corp.		12,200		344,040
Exelon Corp.		7,000		295,540
Orsted A/S††,2		1,360		278,281
Duke Energy Corp.		2,800		256,368
Sempra Energy		2,000		254,820
Vistra Corp.		12,900		253,614
Fortum Oyj††		9,900		239,234
UGI Corp.		6,100		213,256
NRG Energy, Inc.		5,100		191,505
CLP Holdings Ltd.††		19,700		182,168
Enagas S.A.††		6,100		134,225
Total Utilities				3,425,889
Consumer, Cyclical - 5.6%
Costco Wholesale Corp.		1,400		527,492
Evolution Gaming Group AB††,2		3,900		392,217
Walgreens Boots Alliance, Inc.		7,800		311,064
Berkeley Group Holdings plc††		4,100		265,175
Carnival Corp.		12,100		262,086
Autoliv, Inc.		2,500		230,250
Home Depot, Inc.		781		207,449
Electrolux AB††		8,100		188,526
Persimmon plc††		3,000		113,192
Cie Generale des Etablissements Michelin SCA — Class B††		600		77,270
Tesla, Inc.*		100		70,567
Total Consumer, Cyclical				2,645,288
Energy - 2.7%
Marathon Petroleum Corp.		10,100		417,736
Schlumberger N.V.		19,000		414,770
Valero Energy Corp.		5,100		288,507
BP plc††		40,400		139,389
Total Energy				1,260,402
Diversified - 0.7%
CK Hutchison Holdings Ltd.††		49,501		345,624
Total Common Stocks
(Cost $38,049,836)				45,822,259
PREFERRED STOCKS† - 1.3%
Consumer, Cyclical - 1.3%
Volkswagen AG ††		1,800		336,459
Porsche Automobil Holding SE		4,400		303,999
Total Consumer, Cyclical				640,458
Total Preferred Stocks
(Cost $614,922)				640,458
EXCHANGE-TRADED FUNDS† - 1.2%
iShares MSCI EAFE ETF		4,081		297,750
SPDR S&P 500 ETF Trust		780		291,626
Total Exchange-Traded Funds
(Cost $579,752)				589,376
MONEY MARKET FUND† - 0.6%
Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 0.01%1		263,540		263,540
Total Money Market Fund
(Cost $263,540)				263,540
Total Investments - 99.6%
(Cost $39,508,050)			$	47,315,633
Other Assets & Liabilities, net - 0.4%				197,775
Total Net Assets - 100.0%			$	47,513,408

*	Non-income producing security.
†	Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Rate indicated is the 7-day yield as of December 31, 2020.
2	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $1,028,390 (cost $780,219), or 2.2% of total net assets.

ADR — American Depositary Receipt

plc — Public Limited Company

REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

World Equity Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2020

The following table summarizes the inputs used to value the Fund's investments at December 31, 2020 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	30,115,420	$	15,706,839	$	—	$	45,822,259
Preferred Stocks		303,999		336,459		—		640,458
Exchange-Traded Funds		589,376		—		—		589,376
Money Market Fund		263,540		—		—		263,540
Total Assets	$	31,272,335	$	16,043,298	$	—	$	47,315,633

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Note 1 – Organization, Consolidation of Subsidiary and Significant Accounting Policies

Organization

Guggenheim Funds Trust (the "Trust"), a Delaware statutory trust, is registered with the SEC under the Investment Company Act of 1940 (“1940 Act”), as an open-ended investment company of the series type. Each series, in effect, is representing a separate fund (each, a "Fund"). The Trust may issue an unlimited number of authorized shares. The Trust accounts for the assets of each Fund separately.

This report covers the following funds (collectively, the “Funds”):

Fund Name	Investment Company Type
Alpha Opportunity Fund	Diversified
Capital Stewardship Fund	Diversified
Diversified Income Fund	Diversified
Floating Rate Strategies Fund	Diversified
High Yield Fund	Diversified
Investment Grade Bond Fund	Diversified
Large Cap Value Fund	Diversified
Limited Duration Fund	Diversified
Macro Opportunities Fund	Diversified
Market Neutral Real Estate Fund	Non-diversified
Municipal Income Fund	Diversified
Risk Managed Real Estate Fund	Diversified
Small Cap Value Fund	Diversified
SMid Cap Value Fund	Diversified
StylePlus—Large Core Fund	Diversified
StylePlus—Mid Growth Fund	Diversified
Total Return Bond Fund	Diversified
Ultra Short Duration Fund	Diversified
World Equity Income Fund	Diversified

For information on the Funds' policy regarding valuation of investments and other significant accounting policies, please refer to the Funds' most recent semi-annual or annual shareholder report.

Consolidation of Subsidiary

The Consolidated Schedule of Investments of the Macro Opportunities Fund includes the accounts of a wholly-owned and controlled Cayman Islands subsidiary (the“Subsidiary”). Inter-company accounts and transactions have been eliminated in consolidation for the Fund.

The Fund may invest up to 25% of its toal assets in its Subsidiary which acts as an investment vehicle in order to effect certain investments consisten with the Fund’s investment objectives and policies.

Significant Accounting Policies

The Funds operate as investment companies and, accordingly, follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946 Financial Services – Investment Companies.

The following significant accounting policies are in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) and are consistently followed by the Trust. This requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. All time references are based on Eastern Time.

(a) Valuation of Investments

The Board of Trustees of the Funds (the “Board”) has adopted policies and procedures for the valuation of the Funds’ investments (the “Valuation Procedures”). Pursuant to the Valuation Procedures, the Board has delegated to a valuation committee, consisting of representatives from Guggenheim’s investment management, fund administration, legal and compliance departments (the “Valuation Committee”), the day-to-day responsibility for implementing the Valuation Procedures, including, under most circumstances, the responsibility for determining the fair value of the Funds' securities and/or other assets.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Valuations of the Funds’ securities and other assets are supplied primarily by pricing services appointed pursuant to the processes set forth in the Valuation Procedures. The Valuation Committee convenes monthly, or more frequently as needed, to review the valuation of all assets which have been fair valued for reasonableness. The Funds’ officers, through the Valuation Committee and consistent with the monitoring and review responsibilities set forth in the Valuation Procedures, regularly review procedures used and valuations provided by the pricing services.

If the pricing service cannot or does not provide a valuation for a particular investment or such valuation is deemed unreliable, such investment is fair valued by the Valuation Committee.

Equity securities listed or traded on a recognized U.S. securities exchange or the National Association of Securities Dealers Automated Quotations (“NASDAQ”) National Market System shall generally be valued on the basis of the last sale price on the primary U.S. exchange or market on which the security is listed or traded; provided, however, that securities listed on NASDAQ will be valued at the NASDAQ Official Closing Price, which may not necessarily represent the last sale price. If there is no sale on the valuation date, exchange-traded U.S. equity securities will be valued on the basis of the last bid price.

Generally, trading in foreign securities markets is substantially completed each day at various times prior to the close of the New York Stock Exchange ("NYSE"). The values of foreign securities are determined as of the close of such foreign markets or the close of the NYSE, if earlier. All investments quoted in foreign currencies are valued in U.S. dollars on the basis of the foreign currency exchange rates prevailing at the close of U.S. business at 4:00 p.m. Investments in foreign securities may involve risks not present in domestic investments. The Valuation Committee will determine the current value of such foreign securities by taking into consideration certain factors which may include those discussed above, as well as the following factors, among others: the value of the securities traded on other foreign markets, ADR trading, closed-end fund trading, foreign currency exchange activity, and the trading prices of financial products that are tied to foreign securities. In addition, under the Valuation Procedures, the Valuation Committee and Guggenheim Investment (“GI”) are authorized to use prices and other information supplied by a third party pricing vendor in valuing foreign securities.

Open-end investment companies are valued at their net asset value as of the close of business, on the valuation date. Exchange-traded funds and closed-end investment companies are valued at the last quoted sale price.

U.S. Government securities are valued by independent pricing services, the last traded fill price, or at the reported bid price at the close of business.

Repurchase agreements are generally valued at amortized cost, provided such amounts approximate market value.

Debt securities with a maturity of greater than 60 days at acquisition are valued at prices that reflect broker-dealer supplied valuations or are obtained from independent pricing services, which may consider the trade activity, treasury spreads, yields or price of bonds of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities. Short-term debt securities with a maturity of 60 days or less at acquisition are valued at amortized cost, provided such amount approximates market value.

Typically, loans are valued using information provided by an independent third party pricing service that uses broker quotes, among other inputs. If the pricing service cannot or does not provide a valuation for a particular loan or such valuation is deemed unreliable, such investment is valued based on a quote from a broker-dealer or is fair valued by the Valuation Committee.

Exchange-traded options are valued at the mean of the bid and ask prices on the principal exchange on which they are traded. Over-the-counter (“OTC”) options are valued using a price provided by a pricing service.

The value of futures contracts is accounted for using the unrealized appreciation or depreciation on the contracts that is determined by marking the contracts to their current realized settlement prices. Financial futures contracts are valued at the 4:00 p.m. price on the valuation date. In the event that the exchange for a specific futures contract closes earlier than 4:00 p.m., the futures contract is valued at the official settlement price of the exchange. However, the underlying securities from which the futures contract value is derived are monitored until 4:00 p.m. to determine if fair valuation would provide a more accurate valuation.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

The value of interest rate swap agreements entered into by a fund is accounted for using the unrealized appreciation or depreciation on the agreements that is determined using the previous day’s Chicago Mercantile Exchange close price, adjusted for the current day's spreads.

The values of other swap agreements entered into by a fund are accounted for using the unrealized appreciation or depreciation on the agreements that are determined by marking the agreements to the last quoted value of the index or other underlying position that the swaps pertain to at the close of the NYSE.

Forward foreign currency exchange contracts are valued daily based on the applicable exchange rate of the underlying currency.

Investments for which market quotations are not readily available are fair-valued as determined in good faith by GI, subject to review and approval by the Valuation Committee, pursuant to methods established or ratified by the Board. Valuations in accordance with these methods are intended to reflect each security’s (or asset’s or liability’s) “fair value". Each such determination is based on a consideration of all relevant factors, which are likely to vary from one pricing context to another. Examples of such factors may include, but are not limited to market prices; sale prices; broker quotes; and models which derive prices based on inputs such as prices of securities with comparable maturities and characteristics, or based on inputs such as anticipated cash flows or collateral, spread over U.S. Treasury securities, and other information analysis. In connection with futures contracts and other derivative investments, such factors may include obtaining information as to how (a) these contracts and other derivative investments trade in the futures or other derivative markets, respectively, and (b) the securities underlying these contracts and other derivative investments trade in the cash market.

Note 2 – Financial Instruments and Derivatives

As part of their investment strategy, the Funds utilize short sales and a variety of derivative instruments. These investments involve, to varying degrees, elements of market risk. Valuation and accounting treatment of these instruments can be found under Significant Accounting Policies in Note 1 of these Notes to Schedule of Investments.

Short Sales

A short sale is a transaction in which a Fund sells a security it does not own. If the security sold short decreases in price between the time the Fund sells the security and closes its short position, the Fund will realize a gain on the transaction. Conversely, if the security increases in price during the period, the Fund will realize a loss on the transaction. The risk of such price increases is the principal risk of engaging in short sales.

Derivatives

Derivatives are instruments whose values depend on, or are derived from, in whole or in part, the value of one or more other assets, such as securities, currencies, commodities or indices. Derivative instruments may be used to increase investment flexibility (including to maintain cash reserves while maintaining exposure to certain other assets), for risk management (hedging) purposes, to facilitate trading, to reduce transaction costs and to pursue higher investment returns. Derivative instruments may also be used to mitigate certain investment risks, such as foreign currency exchange rate risk, interest rate risk and credit risk. U.S. GAAP requires disclosures to enable investors to better understand how and why a Fund uses derivative instruments, how these derivative instruments are accounted for and their effects on the Fund’s financial position and results of operations.

The Funds may utilize derivatives for the following purposes:

Duration: the use of an instrument to manage the interest rate risk of a portfolio.

Hedge: an investment made in order to reduce the risk of adverse price movements in a security, by taking an offsetting position to protect against broad market moves.

Income: the use of any instrument that distributes cash flows typically based upon some rate of interest.

Index Exposure: the use of an instrument to obtain exposure to a listed or other type of index.

Leverage: gaining total exposure to equities or other assets on the long and short sides at greater than 100% of invested capital.

Liquidity: the ability to buy or sell exposure with little price/market impact.

Speculation: the use of an instrument to express macro-economic and other investment views.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

For any Fund whose investment strategy consistently involves applying leverage, the value of the Fund’s shares will tend to increase or decrease more than the value of any increase or decrease in the underlying index or other asset. In addition, because an investment in derivative instruments generally requires a small investment relative to the amount of investment exposure assumed, an opportunity for increased net income is created; but, at the same time, leverage risk will increase. The Fund’s use of leverage, through borrowings or instruments such as derivatives, may cause the Fund to be more volatile and riskier than if they had not been leveraged.

Options Purchased and Written

A call option on a security gives the purchaser of the option the right to buy, and the writer of a call option the obligation to sell, the underlying security. The purchaser of a put option has the right to sell, and the writer of the put option the obligation to buy, the underlying security at any time during the option period. The risk associated with purchasing options is limited to the premium originally paid.

Futures Contracts

A futures contract is an agreement to purchase (long) or sell (short) an agreed amount of securities or other instruments at a set price for delivery at a future date. There are significant risks associated with a Fund's use of futures contracts, including (i) there may be an imperfect or no correlation between the changes in market value of the underlying asset and the prices of futures contracts; (ii) there may not be a liquid secondary market for a futures contract; (iii) trading restrictions or limitations may be imposed by an exchange; and (iv) government regulations may restrict trading in futures contracts. When investing in futures, there is minimal counterparty credit risk to a Fund because futures are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees against default. Securities held as collateral are noted on the Schedules of Investments.

Swap Agreements

A swap is an agreement that obligates two parties to exchange a series of cash flows at specified intervals based upon or calculated by reference to changes in specified prices or rates for a specified amount of an underlying asset. When utilizing OTC swaps, a fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty or if the underlying asset declines in value. Certain standardized swaps are subject to mandatory central clearing and are executed on a multi-lateral or other trade facility platform, such as a registered exchange. There is limited counterparty credit risk with respect to centrally-cleared swaps as the transaction is facilitated through a central clearinghouse, much like exchange-traded futures contracts. For a fund utilizing centrally-cleared swaps, the exchange bears the risk of loss resulting from a counterparty not being able to pay. There is no guarantee that a fund or an underlying fund could eliminate its exposure under an outstanding swap agreement by entering into an offsetting swap agreement with the same or another party.

Total return swaps and custom basket swaps involve commitments where single or multiple cash flows are exchanged based on the price of an underlying reference asset (such as an index or custom basket of securities) or a fixed or variable interest rate. Total return and custom basket swaps will usually be computed based on the current value of the reference asset as of the close of regular trading on the NYSE or other exchange, with the swap value being adjusted to include dividends accrued, financing charges and/or interest associated with the swap agreement. When utilizing total return or custom basket swaps, a Fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty or if the underlying reference asset declines in value.

Interest rate swaps involve the exchange by the Funds with another party for their respective commitment to pay or receive a fixed or variable interest rate on a notional amount of principal. Interest rate swaps are generally centrally-cleared, but central clearing does not make interest rate swap transactions risk free.

Credit default swaps are instruments which allow for the full or partial transfer of third party credit risk, with respect to a particular entity or entities, from one counterparty to the other. A fund enters into credit default swaps as a "seller" or "buyer" of protection primarily to gain or reduce exposure similar to the investment grade and/or high yield bond market. A seller of credit default swaps is selling credit protection or assuming credit risk with respect to the underlying entity or entities. The buyer in a credit default swap is obligated to pay the seller a periodic stream of payments over the term of the contract provided that no event of default on an underlying reference obligation has occurred. If a credit event occurs, as defined under the terms of the swap agreement, the seller will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. The notional amount reflects the maximum potential amount the seller of credit protection could be required to pay to the buyer if a credit event occurs. The seller of protection receives periodic premium payments from the buyer and may also receive or pay an upfront premium adjustment to the stated periodic payments. In the event a credit default occurs on a credit default swap referencing an index, a factor adjustment will take place and the buyer of protection will receive a payment reflecting the par less the default recovery rate of the defaulted index component based on its weighting in the index. If no default occurs, the counterparty will pay the stream of payments and have no further obligations to the fund selling the credit protection. For a fund utilizing centrally cleared credit default swaps, the exchange bears the risk of loss resulting from a counterparty not being able to pay. For OTC credit default swaps, a fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty, or in the case of a credit default swap in which a fund is selling credit protection, the default of a third party issuer.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

The quoted market prices and resulting market values for credit default swap agreements on securities and credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative had the notional amount of the swap agreement been closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

Forward Foreign Currency Exchange Contracts

A forward foreign currency exchange contract is an agreement between two parties to exchange two designated currencies at a specific time in the future. Certain types of contracts may be cash settled, in an amount equal to the change in exchange rates during the term of the contract. The contracts can be used to hedge or manage exposure to foreign currency risks with portfolio investments or to gain exposure to foreign currencies.

The market value of a forward foreign currency exchange contract changes with fluctuations in foreign currency exchange rates. Furthermore, the Funds may be exposed to risk if the counterparties cannot meet the contract terms or if the currency value changes unfavorably as compared to the U.S. dollar.

In conjunction with the use of short sales and derivative instruments, the Funds are required to maintain collateral in various forms. Depending on the financial instrument utilized and the broker involved, the Funds use margin deposits at the broker, cash and/or securities segregated at the custodian bank, discount notes or repurchase agreements allocated to the Funds as collateral.

Foreign Investments

There are several risks associated with exposure to foreign currencies, foreign issuers and emerging markets. A fund’s indirect and direct exposure to foreign currencies subjects the Fund to the risk that those currencies will decline in value relative to the U.S. dollar, or in the case of short positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad. In addition, the Fund may incur transaction costs in connection with conversions between various currencies. The Fund may, but is not obligated to, engage in currency hedging transactions, which generally involve buying currency forward, options or futures contracts. However, not all currency risks may be effectively hedged, and in some cases the costs of hedging techniques may outweigh expected benefits. In such instances, the value of securities denominated in foreign currencies can change significantly when foreign currencies strengthen or weaken relative to the U.S. dollar.

The Funds may invest in securities of foreign companies directly, or in financial instruments, such as ADRs and exchange-traded funds, which are indirectly linked to the performance of foreign issuers. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Investing in securities of foreign companies directly, or in financial instruments that are indirectly linked to the performance of foreign issuers, may involve risks not typically associated with investing in U.S. issuers. The value of securities denominated in foreign currencies, and of dividends from such securities, can change significantly when foreign currencies strengthen or weaken relative to the U.S. dollar. Foreign securities markets generally have less trading volume and less liquidity than U.S. markets, and prices in some foreign markets may fluctuate more than those of securities traded on U.S. markets. Many foreign countries lack accounting and disclosure standards comparable to those that apply to U.S. companies, and it may be more difficult to obtain reliable information regarding a foreign issuer’s financial condition and operations. Transaction costs and costs associated with custody services are generally higher for foreign securities than they are for U.S. securities. Some foreign governments levy withholding taxes against dividend and interest income. Although in some countries portions of these taxes are recoverable, the non-recovered portion will reduce the income received by the Funds.

The Trust has established counterparty credit guidelines and enters into transactions only with financial institutions of investment grade or better. The Trust monitors the counterparty credit risk.

Reverse Repurchase Agreements

Each of the Funds may enter into reverse repurchase agreements. Under a reverse repurchase agreement, a Fund sells securities and agrees to repurchase them at a particular price at a future date. In the event the buyer of securities under a reverse repurchase agreement files for bankruptcy or becomes insolvent, such buyer or its trustee or receiver may receive an extension of time to determine whether to enforce the Fund’s obligation to repurchase the securities, and the Fund’s use of the proceeds of the reverse repurchase agreement may effectively be restricted pending such decision.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Note 3 – Fair Value Measurement

In accordance with U.S. GAAP, fair value is defined as the price that the Funds would receive to sell an investment or pay to transfer a liability in an orderly transaction with an independent buyer in the principal market, or in the absence of a principal market, the most advantageous market for the investment or liability. U.S. GAAP establishes a three-tier fair value hierarchy based on the types of inputs used to value assets and liabilities and requires corresponding disclosure. The hierarchy and the corresponding inputs are summarized below:

Level 1 — quoted prices in active markets for identical assets or liabilities.

Level 2 — significant other observable inputs (for example quoted prices for securities that are similar based on characteristics such as interest rates, prepayment speeds, credit risk, etc.).

Level 3 — significant unobservable inputs based on the best information available under the circumstances, to the extent observable inputs are not available, which may include assumptions.

The types of inputs available depend on a variety of factors, such as the type of security and the characteristics of the markets in which it trades, if any. Fair valuation determinations that rely on fewer or no observable inputs require greater judgment. Accordingly, fair value determinations for Level 3 securities require the greatest amount of judgment.

Independent pricing services are used to value a majority of the Funds’ investments. When values are not available from a pricing service, they will be determined using a variety of sources and techniques, including: market prices; broker quotes; and models which derive prices based on inputs such as prices of securities with comparable maturities and characteristics or based on inputs such as anticipated cash flows or collateral, spread over U.S. Treasury securities, and other information and analysis. A significant portion of the Funds’ assets and liabilities are categorized as Level 2, as indicated in this report.

Quotes from broker-dealers, adjusted for fluctuations in criteria such as credit spreads and interest rates, may also be used to value the Funds' assets and liabilities, i.e. prices provided by a broker-dealer or other market participant who has not committed to trade at that price. Although quotes are typically received from established market participants, the Funds may not have the transparency to view the underlying inputs which support the market quotations. Significant changes in a quote would generally result in significant changes in the fair value of the security.

Certain fixed income securities are valued by obtaining a monthly quote from a broker-dealer, adjusted for fluctuations in criteria such as credit spreads and interest rates.

Certain loans and other securities are valued using a single daily broker quote or a price from a third party vendor based on a single daily or monthly broker quote.

The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The suitability of the techniques and sources employed to determine fair valuation are regularly monitored and subject to change.

Note 4 – Federal Income Tax Information

The Funds intend to comply with the provisions of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and will distribute substantially all taxable net investment income and capital gains sufficient to relieve the Funds from all, or substantially all, federal income, excise and state income taxes. Therefore, no provision for federal or state income tax or federal excise tax is required.

Tax positions taken or expected to be taken in the course of preparing the Funds' tax returns are evaluated to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense in the current year. Management has analyzed the Funds' tax positions taken, or to be taken, on U.S. federal income tax returns for all open tax years, and has concluded that no provision for income tax is required in the Funds' financial statements. The Funds' U.S. federal income tax returns are subject to examination by the Internal Revenue Service ("IRS") for a period of three years after they are filed.

The Macro Opportunities Fund intends to invest up to 25% of its assets in the Subsidiary which is expected to provide the Fund with exposure to the commodities markets within the limitations of the U.S. federal income tax requirements under Subchapter M of the Internal Revenue Code. The Fund has received a private letter ruling from the IRS that concludes that the income the Fund receives from the Subsidiary will constitute qualifying income for purposes of Subchapter M of the Internal Revenue Code. The Subsidiary will be classified as a corporation for U.S. federal income tax purposes. A foreign corporation, such as the Subsidiary, will generally not be subject to U.S. federal income taxation unless it is deemed to be engaged in a U.S. trade or business. If, during a taxable year, the Subsidiary’s taxable losses (and other deductible items) exceed its income and gains, the net loss will not pass through to the Fund as a deductible amount for U.S. federal income tax purposes and cannot be carried forward to reduce future income from the Subsidiary in subsequent years.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

At December 31, 2020, the cost of investments for U.S. federal income tax purposes, the aggregate gross unrealized appreciation for all investments for which there was an excess of value over tax cost, and the aggregate gross unrealized depreciation for all investments for which there was an excess of tax cost over value, were as follows:

Fund	Tax Cost		Tax Unrealized Appreciation		Tax Unrealized Depreciation			Net Tax Unrealized Appreciation (Depreciation)
Alpha Opportunity Fund	$	36,859,327	$	4,833,746	$	(4,787,579	)	$	46,167
Capital Stewardship Fund		195,860,904		37,999,840		(2,225,160	)		35,774,680
Diversified Income Fund		6,447,451		550,055		(22,227	)		527,828
Floating Rate Strategies Fund		757,713,084		7,127,707		(27,221,491	)		(20,093,784	)
High Yield Fund		391,241,075		19,530,288		(7,213,165	)		12,317,123
Investment Grade Bond Fund		1,620,154,525		106,513,342		(7,798,373	)		98,714,969
Large Cap Value Fund		28,655,484		7,470,796		(1,852,849	)		5,617,947
Limited Duration Fund		4,236,654,412		151,942,748		(40,491,472	)		111,451,276
Macro Opportunities Fund		5,723,463,815		408,391,645		(135,217,176	)		273,174,469
Market Neutral Real Estate Fund		70,755,006		2,854,617		(2,490,766	)		363,851
Municipal Income Fund		72,453,668		4,513,012		(30,656	)		4,482,356
Risk Managed Real Estate Fund		323,052,168		24,978,548		(8,942,392	)		16,036,156
Small Cap Value Fund		5,620,884		1,159,152		(489,558	)		669,594
SMid Cap Value Fund		329,578,130		77,214,734		(17,162,300	)		60,052,434
StylePlus—Large Core Fund		219,203,274		31,996,503		(349,252	)		31,647,251
StylePlus—Mid Growth Fund		104,619,041		17,788,088		(106,476	)		17,681,612
Total Return Bond Fund		23,334,364,226		1,772,818,783		(147,746,705	)		1,625,072,078
Ultra Short Duration Fund		793,067,592		11,976,326		(8,382,077	)		3,594,249
World Equity Income Fund		39,732,322		7,970,957		(387,646	)		7,583,311

Note 5 – Unfunded Loan Commitments

Pursuant to the terms of certain loan agreements, certain Funds held unfunded loan commitments as of December 31, 2020. The Funds are obligated to fund these loan commitments at the borrower’s discretion.

The unfunded loan commitments as of December 31, 2020, were as follows:

Fund	Borrower	Maturity Date		Face Amount*		Value
Limited Duration Fund
	Venture Global Calcasieu Pass LLC	08/19/26			1,061,243	$	63,675
Floating Rate Strategies Fund
	Aspect Software, Inc.	07/15/23			939,012	$	8,051
	Southern Veterinary Partners LLC	10/05/27			121,212		1,171
					1,060,224	$	9,222
High Yield Fund
	Aspect Software, Inc.	07/15/23			91,145	$	782
	CCC Information Services, Inc.	04/27/22			750,000		2,812
	HAH Group Holding Co LLC	10/29/27			145,000		2,115
	Planview Parent, Inc.	12/10/27			95,000		944
					1,081,145	$	6,653
Investment Grade Bond Fund
	CTL Logistics	08/10/42			2,667,631	$	–
	HAH Group Holding Co LLC	10/29/27			130,000		1,897
	Service Logic Acquisition, Inc.	10/22/27			180,149		1,753
	Southern Veterinary Partners LLC	10/05/27			181,818		1,756
	Venture Global Calcasieu Pass LLC	08/19/26			1,061,243		63,674
					4,220,841	$	69,080
Macro Opportunities Fund
	AI Aqua Zip Bidco Pty Ltd.	12/13/23			49,969	$	–
	Aspect Software, Inc.	07/15/23			144,301		1,237
	CapStone Acquisition Holdings, Inc.	10/29/27			3,807,600		37,196
	Fortis Solutions Group LLC	12/15/23			503,680		504
	Galls LLC	01/31/24			199,301		13,333
	HAH Group Holding Co LLC	10/29/27			1,380,000		20,133
	Higginbotham	11/25/22			2,844,509		20,105
	MB2 Dental Solutions LLC	03/22/21			28,300,000		1
	Planview Parent, Inc.	12/10/27			2,570,000		25,529
	Pro Mach Group, Inc.	03/07/25			1,164,154		17,462
	Service Logic Acquisition, Inc.	10/22/27			2,628,060		25,573
	Solera LLC	12/02/22			7,940,287		118,509
	Southern Veterinary Partners LLC	10/05/27			1,478,788		14,284
	Trader Interactive	06/15/23			323,077		19,818
	Venture Global Calcasieu Pass LLC	08/19/26			6,898,077		413,885
	Zephyr Bidco Ltd.	01/20/21	GBP		20,850,000		3
						$	727,572
Total Return Bond Fund
	Aspect Software, Inc.	07/15/23			2,046	$	17
	CapStone Acquisition Holdings, Inc.	10/29/27			1,216,000		11,879
	CTL Logistics	08/10/42			5,168,536		–
	HAH Group Holding Co LLC	10/29/27			1,992,241		29,065
	Higginbotham	11/25/22			5,293,642		37,415
	MB2 Dental Solutions LLC	03/22/21			28,918,421		2
	Planview Parent, Inc.	12/10/27			3,690,606		36,660
	Service Logic Acquisition, Inc.	10/22/27			2,659,851		25,882
	Southern Veterinary Partners LLC	10/05/27			2,696,970		26,052
	Venture Global Calcasieu Pass LLC	08/19/26			15,149,239		908,954
	Zephyr Bidco Ltd.	01/20/21	GBP		23,950,000		3
						$	1,075,929

^* The face amount is denominated in U.S. dollars unless otherwise indicated.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Note 6 – Restricted Securities

The securities below are considered illiquid and restricted under guidelines established by the Board:

Fund	Restricted Securities	Acquisition Date	Cost		Value
Limited Duration Fund
	Cascade Funding Mortgage Trust
	2018-RM2, 4.00% (WAC) due 10/25/681	11/02/18	$	10,767,858	$	11,148,513
	Cascade Funding Mortgage Trust
	2019-RM3, 2.80% (WAC) due 06/25/691	06/25/19		3,369,747		3,410,373
	Copper River CLO Ltd.
	2007-1A, due 01/20/212	05/09/14		585,000		14,700
	FKRT
	2020-C2A, 3.25% due 12/30/23	12/03/20		17,640,911		17,641,751
	Putnam Structured Product Funding Ltd.
	2003-1A, 1.18% (1 Month USD LIBOR + 1.00%, Rate Floor: 0.00%) due 10/15/381	06/01/16		216,109		232,297
	Station Place Securitization Trust
	2020-5, 1.15% (1 Month USD LIBOR + 1.00%, Rate Floor: 0.00%) due 05/24/221	05/13/20		57,600,000		57,600,000
	2020-9, 1.64% (1 Month USD LIBOR + 1.50%, Rate Floor: 0.00%) due 02/15/211	08/14/20		2,000,000		2,000,000
			$	92,179,625	$	92,047,634
Floating Rate Strategies Fund
	Airplanes Pass Through Trust
	2001-1A, due 03/15/193	12/27/11		723,184		90
	Mirabela Nickel Ltd.
	due 06/24/193	12/31/13		1,160,811		63,991
			$	1,883,995	$	64,081
High Yield Fund
	Basic Energy Services, Inc.
	10.75% due 10/15/23	09/25/18		1,216,967		220,500
	Bruce Mansfield
	due 08/01/233	11/07/18		983,014		504
	Cushman & Wakefield US Borrower LLC
	6.75% due 05/15/28	05/19/20		1,679,262		1,819,125
	Mirabela Nickel Ltd.
	due 06/24/193	12/31/13		252,369		13,906
			$	4,131,612	$	2,054,035
Investment Grade Bond Fund
	Cascade Funding Mortgage Trust
	2018-RM2, 4.00% (WAC) due 10/25/681	11/02/18		3,230,357		3,344,554
	Cascade Funding Mortgage Trust
	2019-RM3., 2.80% (WAC) due 06/25/691	06/25/19		842,437		852,593
	Central Storage Safety Project Trust
	4.82% due 02/01/38	03/20/18		1,024,315		1,107,651
	Copper River CLO Ltd.
	2014-1A, due 01/20/212	05/09/14		20,020		20,580
	Cushman & Wakefield US Borrower LLC
	6.75% due 05/15/28	05/19/20		2,079,071		2,287,688
	Putnam Structured Product Funding Ltd.
	2003-1A, 1.18% (1 Month USD LIBOR + 1.00%, Rate Floor: 0.00%) due 10/15/381	06/01/16		72,036		77,432
	Station Place Securitization Trust
	2020-9, 1.64% (1 Month USD LIBOR +1.50%, Rate Floor: 0.00%) due 02/15/211	08/14/20		13,000,000		13,000,000
	Station Place Securitization Trust
	2020–WL1., 2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 0.00%) due 06/25/511	07/15/20		1,000,000		1,000,000
	Turbine Engines Securitization Ltd.
	2013-1A, 5.13% due 12/13/48	11/27/13		420,526		342,404
			$	21,688,762	$	22,032,902

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Fund	Restricted Securities	Acquisition Date	Cost		Value
Macro Opportunities Fund
	Airplanes Pass Through Trust
	2001-1A, due 03/15/193	01/18/12	$	1,691,717	$	210
	Basic Energy Services, Inc.
	10.75% due 10/15/23	09/25/18		1,490,164		270,000
	Copper River CLO Ltd.
	2007-1A, due 01/20/212	05/09/14		233,090		239,610
	Cushman & Wakefield US Borrower LLC
	6.75% due 05/15/28	05/19/20		21,450,000		23,648,625
	FKRT
	2020-C2A, 3.25% due 12/30/23	12/03/20		26,226,221		26,227,470
	Mirabela Nickel Ltd.
	due 06/24/193	12/31/13		1,710,483		94,271
	Princess Juliana International Airport Operating Company N.V.
	5.50% due 12/20/27	12/17/12		1,218,057		1,104,203
	Putnam Structured Product Funding Ltd.
	2003-1A, 1.18% (1 Month USD LIBOR + 1.00%, Rate Floor: 0.00%) due 10/15/381	06/01/16		1,993,101		2,113,898
	Secured Tenant Site Contract Revenue Notes Series
	2018-1A, 4.70% due 06/15/48	05/25/18		6,685,051		6,763,229
	Station Place Securitization Trust Series
	2020-WL1, 3.40% (1 Month USD LIBOR + 3.25%, Rate Floor: 0.00%) due 06/25/511	07/15/20		2,600,000		2,600,000
	Turbine Engines Securitization Ltd.
	2013-1A, 5.13% due 12/13/48	11/27/13		1,962,829		1,598,190
	Turbine Engines Securitization Ltd.
	2013-1A, 6.38% due 12/13/48	11/27/13		1,453,974		892,559
			$	68,714,687	$	65,552,265
Total Return Bond Fund
	Airplanes Pass Through Trust
	2001-1A, due 03/15/193	11/30/11		335,966		41
	Cascade Funding Mortgage Trust
	2019-RM3, 2.80% (WAC) due 06/25/691	06/25/19		12,217,441		12,362,601
	Cascade Funding Mortgage Trust
	2018-RM2, 4.00% (WAC) due 10/25/681	11/02/18		15,613,394		16,165,344
	Central Storage Safety Project Trust
	4.82% due 02/01/38	02/02/18		21,189,539		22,706,841
	Copper River CLO Ltd.
	2007-1A, due 01/20/212	05/09/14		42,900		44,100
	Cushman & Wakefield US Borrower LLC
	6.75% due 05/15/28	05/19/20		32,470,563		35,693,437
	FKRT
	2020-C2A, 3.25% due 12/30/23	12/03/20		114,121,583		114,127,018
	Princess Juliana International Airport Operating Company N.V.
	5.50% due 12/20/27	12/17/12		1,841,252		1,669,145
	Putnam Structured Product Funding Ltd.
	2003-1A, 1.18% (1 Month USD LIBOR + 1.00%, Rate Floor: 0.00%) due 10/15/381	06/01/16		2,619,866		2,810,788
	Station Place Securitization Trust
	2020-5, 1.15% (1 Month USD LIBOR + 1.00%, Rate Floor: 0.00%) due 05/24/221	05/13/20		20,000,000		20,000,000
	Station Place Securitization Trust
	2020-9, 1.64% (1 Month USD LIBOR + 1.50%, Rate Floor: 0.00%) due 02/15/211	08/14/20		153,000,000		153,000,000
	Station Place Securitization Trust
	2020-WL1, 2.40% (1 Month USD LIBOR + 2.25%, Rate Floor: 0.00%) due 06/25/511	07/15/20		3,000,000		3,000,000
	Station Place Securitization Trust
	2020-WL1, 2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 0.00%) due 06/25/511	07/15/20		10,000,000		10,000,000
	Turbine Engines Securitization Ltd.
	2013-1A, 5.13% due 12/13/48	11/27/13		701,250		570,977
			$	387,153,754	$	392,150,292

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Fund	Restricted Securities	Acquisition Date	Cost		Value
Ultra Short Duration Fund
	Cascade Funding Mortgage Trust
	2019-RM3, 2.80% (WAC) due 06/25/691	06/25/19	$	421,218	$	426,297
	FKRT
	2020-C2A, 3.25% due 12/30/23	12/03/20		3,071,900		3,072,046
	Station Place Securitization Trust
	2020-5, 1.15% (1 Month USD LIBOR + 1.00%, Rate Floor: 0.00%) due 05/24/221	05/13/20		8,100,000		8,100,000
	Station Place Securitization Trust
	2020-9, 1.64% (1 Month USD LIBOR + 1.50%, Rate Floor: 0.00%) due 02/15/211	08/14/20		2,000,000		2,000,000
			$	13,593,118	$	13,598,343

1	Variable rate security. Rate indicated is the rate effective at December 31, 2020. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
2	Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.
3	Security is in default of interest and/or principal obligations.

Note 7 – COVID-19 and Recent Developments

The global ongoing crisis caused by the outbreak of COVID-19 is causing materially reduced consumer demand and economic output, disrupting supply chains, resulting in market closures, travel restrictions and quarantines, and adversely impacting local and global economies. Investors should be aware that in light of the current uncertainty, volatility and distress in economies, financial markets, and labor and health conditions all over the world, the Funds’ investments and a shareholder’s investment in a Fund are subject to sudden and substantial losses, increased volatility and other adverse events. Firms through which investors invest with the Funds, the Funds, their service providers, the markets in which they invest and market intermediaries are also impacted by quarantines and similar measures intended to contain the ongoing pandemic, which can obstruct their functioning and subject them to heightened operational risks.

OTHER INFORMATION (Unaudited)

Sector Classification

Information in the Schedule of Investments is categorized by sectors using sector-level classifications defined by the Bloomberg Industry Classification System, a widely recognized industry classification system provider. Each Fund’s registration statement has investment policies relating to concentration in specific sectors/industries. For purposes of these investment policies, the Funds usually classify sectors/industries based on industry-level Classifications used by widely recognized industry classification system providers such as Bloomberg Industry Classification System, Global Industry Classification Standards and Barclays Global Classification Scheme.