NPORT-EX 2 incomefund-nport.htm NPORT-EX
Investment Portfolio
            
(UNAUDITED) | 09.30.2023
  
 
 
  
 
  
CARILLON CHARTWELL INCOME FUND
  
 
 
  
 
  
COMMON STOCKS - 16.5%
  
Shares
 
  
Value
  
Automobiles - 0.5%
        
 
  
Harley-Davidson, Inc.
  
             49,248
   $
              1,628,139
  
Beverages - 0.8%
        
 
  
Keurig Dr Pepper, Inc.
  
             85,000
    
                2,683,450
  
Biotechnology - 0.7%
        
 
  
AbbVie, Inc.
  
             16,000
    
                2,384,960
  
Building products - 0.9%
        
 
  
Masco Corp.
  
             53,000
    
                2,832,850
  
Capital markets - 0.8%
        
 
  
Blackstone, Inc.
  
             24,000
    
                2,571,360
  
Diversified telecommunication services - 0.7%
        
 
  
Verizon Communications, Inc.
  
             70,000
    
                2,268,700
  
Electrical equipment - 0.8%
        
 
  
Regal Rexnord Corp.
  
             17,100
    
                2,443,248
  
Electronic equipment, instruments & components - 0.2%
        
 
  
Littelfuse, Inc.
  
               3,188
    
                   788,456
  
Health care providers & services - 0.9%
        
 
  
Tenet Healthcare Corp.*
  
             42,000
    
                2,767,380
  
Machinery - 0.6%
        
 
  
Snap-on, Inc.
  
               7,000
    
                1,785,420
  
Metals & mining - 4.1%
        
 
  
Agnico Eagle Mines Ltd.
  
             52,000
    
                2,363,400
  
Alamos Gold, Inc., Class A
  
           540,000
    
                6,096,600
  
Kinross Gold Corp.
  
           530,000
    
                2,416,800
  
OceanaGold Corp.
  
        1,110,000
    
                2,173,827
  
Mortgage real estate investment trusts (REITs) - 1.3%
        
 
  
AGNC Investment Corp.
  
           260,000
    
                2,454,400
  
Rithm Capital Corp.
  
           180,000
    
                1,672,200
  
Oil, gas & consumable fuels - 1.3%
        
 
  
Diamondback Energy, Inc.
  
             14,000
    
                2,168,320
  
EQT Corp.
  
             53,500
    
                2,171,030
  
Pharmaceuticals - 0.9%
        
 
  
Bristol-Myers Squibb Co.
  
             50,000
    
                2,902,000
  
Semiconductors & semiconductor equipment - 0.9%
        
 
  
Micron Technology, Inc.
  
             43,000
    
                2,925,290
  
Textiles, apparel & luxury goods - 0.5%
        
 
  
Columbia Sportswear Co.
  
             22,935
    
                1,699,483
  
Tobacco - 0.6%
        
 
  
Philip Morris International, Inc.
  
             20,000
    
                1,851,600
  
Total common stocks (cost $51,436,997)
        
              53,048,913
  
         
 
  
EXCHANGE TRADED FUNDS - 1.7%
  
 
 
  
 
  
iShares Silver Trust*
  
           165,000
    
                3,356,100
  
SPDR Gold Shares*
  
             11,000
    
                1,885,950
  
Total exchange traded funds (cost $4,832,432)
        
                5,242,050
  
         
 
  
PREFERRED STOCKS - 1.6%
  
 
 
  
 
  
Mortgage real estate investment trusts (REITs) - 1.6%
        
 
  
Annaly Capital Management, Inc., Series F (3 Month LIBOR USD + 4.99%)
  
             96,929
    
                2,455,212
  
Rithm Capital Corp., Series C (Fixed until 02/15/25, then 3 Month LIBOR USD + 4.97%)
  
           133,000
    
                2,626,750
  
Total preferred stocks (cost $4,595,085)
        
                5,081,962
  
         
 
  
CORPORATE BONDS - 18.3%
  
Principal Amount
 
  
Value
  
Airlines - 0.6%
        
 
  
American Airlines, Inc/AAdvantage Loyalty IP Ltd., 144A, 5.50%, 04/20/26
 $
       1,874,583
   $
               1,830,836
  
Auto manufacturers - 0.9%
        
 
  
Ford Motor Credit Co. LLC, 4.54%, 08/01/26
  
        1,980,000
    
                1,858,650
  
General Motors Financial Co., Inc., 5.65%, 01/17/29
  
           989,000
    
                   959,129
  
Banks - 0.3%
        
 
  
Citizens Financial Group, Inc. (3 Month Term SOFR + 3.26%), PERP, 8.53%
  
           915,000
    
                   818,925
  
Broadline retail - 0.2%
        
 
  
Kohl's Corp., 5.55%, 07/17/45
  
        1,288,000
    
                   724,333
  
Capital markets - 2.3%
        
 
  
Ares Capital Corp.,
        
 
  
3.25%, 07/15/25
  
        2,315,000
    
                2,168,499
  
4.20%, 06/10/24
  
        1,665,000
    
                1,634,806
  
Blue Owl Capital Corp., 3.40%, 07/15/26
  
        2,025,000
    
                1,815,539
  
Jefferies Financial Group, Inc., 5.88%, 07/21/28
  
        1,020,000
    
                   998,207
  
StoneX Group, Inc., 144A, 8.63%, 06/15/25
  
           624,000
    
                   628,680
  
Chemicals - 0.6%
        
 
  
GPD Cos, Inc., 144A, 10.13%, 04/01/26
  
        1,033,000
    
                   952,102
  
Mativ Holdings, Inc., 144A, 6.88%, 10/01/26
  
        1,140,000
    
                1,040,250
  
Commercial services & supplies - 0.2%
        
 
  
Enviri Corp., 144A, 5.75%, 07/31/27
  
           780,000
    
                   686,033
  
Computers - 0.3%
        
 
  
Dell International LLC / EMC Corp., 6.20%, 07/15/30
  
        1,060,000
    
                1,068,679
  
Consumer finance - 0.3%
        
 
  
PRA Group, Inc., 144A, 5.00%, 10/01/29
  
        1,440,000
    
                1,093,665
  
Diversified consumer services - 0.3%
        
 
  
StoneMor, Inc., 144A, 8.50%, 05/15/29
  
        1,070,000
    
                   880,075
  
Diversified financial services - 0.9%
        
 
  
Macquarie Airfinance Holdings Ltd., 144A, 8.38%, 05/01/28
  
           910,000
    
                   922,512
  
Provident Funding Associates LP / PFG Finance Corp., 144A, 6.38%, 06/15/25
  
        2,364,000
    
                2,103,960
  
Electric - 0.1%
        
 
  
NSG Holdings LLC / NSG Holdings, Inc., 144A, 7.75%, 12/15/25
  
           425,710
    
                   423,582
  
Electronics - 0.2%
        
 
  
Likewize Corp., 9.75%, 144A, 10/15/25
  
           800,000
    
                   792,206
  
Engineering & construction - 0.9%
        
 
  
Brundage-Bone Concrete Pumping Holdings, Inc., 144A, 6.00%, 02/01/26
  
        1,715,000
    
                1,631,325
  
Railworks Holdings LP / Railworks Rally, Inc., 144A, 8.25%, 11/15/28
  
        1,220,000
    
                1,156,255
  
Entertainment - 1.7%
        
 
  
Affinity Interactive, 144A, 6.88%, 12/15/27
  
        1,215,000
    
                1,030,052
  
Warnermedia Holdings, Inc.,
        
 
  
5.14%, 03/15/52
  
        3,343,000
    
                2,483,984
  
6.41%, 03/15/26
  
        2,055,000
    
                2,054,656
  
Equity real estate investment trusts (REITs) - 0.3%
        
 
  
Safehold GL Holdings LLC, 2.85%, 01/15/32
  
        1,325,000
    
                   973,297
  
Financial services - 0.3%
        
 
  
NMI Holdings, Inc., 144A, 7.38%, 06/01/25
  
           865,000
    
                   860,399
  
Food - 0.9%
        
 
  
JBS USA LUX SA / JBS USA Food Co. / JBS Luxembourg SARL, 144A, 6.75%, 03/15/34
  
           885,000
    
                   861,096
  
JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc., 5.13%, 02/01/28
  
        2,055,000
    
                1,955,543
  
Lodging - 0.2%
        
 
  
Sugarhouse HSP Gaming Prop Mezz LP / Sugarhouse HSP Gaming Finance Corp., 144A, 5.88%, 05/15/25
  
           605,000
    
                   583,825
  
Metals & mining - 0.5%
        
 
  
IAMGOLD Corp., 144A, 5.75%, 10/15/28
  
        2,000,000
    
                1,565,000
  
Mining - 0.3%
        
 
  
JW Aluminum Continuous Cast Co., 144A, 10.25%, 06/01/26
  
           995,000
    
                   984,930
  
Mortgage real estate investment trusts (REITs) - 0.3%
        
 
  
Starwood Property Trust, Inc., 144A, 3.63%, 07/15/26
  
           980,000
    
                   869,040
  
Oil & gas - 0.6%
        
 
  
Greenfire Resources Ltd., 144A, 12.00%, 10/01/28
  
        1,000,000
    
                   983,820
  
Permian Resources Operating LLC, 144A, 7.75%, 02/15/26
  
           975,000
    
                   981,312
  
Oil, gas & consumable fuels - 1.3%
        
 
  
Energy Transfer LP (Fixed until 05/15/30, then 5 Year CMT Rate + 5.31%), PERP, 7.13%
  
        2,508,000
    
                2,162,325
  
New Fortress Energy, Inc., 6.75%, 144A, 09/15/25
  
        1,200,000
    
                1,145,527
  
Parkland Corp., 144A, 5.88%, 07/15/27
  
           998,000
    
                   949,693
  
Passenger airlines - 0.1%
        
 
  
Delta Air Lines, Inc., 7.38%, 01/15/26
  
           168,000
    
                   170,025
  
Pipelines - 1.0%
        
 
  
Blue Racer Midstream LLC / Blue Racer Finance Corp., 144A, 6.63%, 07/15/26
  
        1,278,000
    
                1,248,932
  
Genesis Energy LP / Genesis Energy Finance Corp., 6.50%, 10/01/25
  
           920,000
    
                   904,189
  
Summit Midstream Holdings LLC / Summit Midstream Finance Corp., 144A, SB, 9.00%, 10/15/26
  
        1,175,000
    
                1,128,205
  
Retail - 0.3%
        
 
  
QVC, Inc., 5.95%, 03/15/43
  
           681,000
    
                   288,170
  
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.88%, 03/01/27
  
           685,000
    
                   654,175
  
Software - 0.7%
        
 
  
Oracle Corp.,
        
 
  
3.95%, 03/25/51
  
        1,830,000
    
                1,254,547
  
6.90%, 11/09/52
  
        1,005,000
    
                1,035,280
  
Technology hardware, storage & peripherals - 0.6%
        
 
  
Hewlett Packard Enterprise Co.,6.35%, 10/15/45
  
        1,964,000
    
                1,912,370
  
Telecommunications - 0.3%
        
 
  
Consolidated Communications, Inc.,144A,  6.50%, 10/01/28
  
        1,385,000
    
                1,082,031
  
Trading companies & distributors - 0.8%
        
 
  
BlueLinx Holdings, Inc., 144A, 6.00%, 11/15/29
  
           825,000
    
                   726,851
  
Fortress Transportation and Infrastructure Investors LLC, 144A, 9.75%, 08/01/27
  
        1,625,000
    
                1,680,803
  
Total corporate bonds (cost $63,200,533)
        
              58,718,325
  
         
 
  
MORTGAGE AND ASSET-BACKED SECURITIES - 24.5%
  
 
 
  
 
  
Asset-backed securities - 3.1%
        
 
  
Corevest American Finance Trust, 2019-3 , Class A, 144A, 2.71%, 10/15/52
  
        1,331,549
    
                1,266,823
  
FMC GMSR Issuer Trust, Series 2020-GT, Class A, 144A, VR, 4.45%, 01/25/26
  
        2,265,000
    
                1,961,209
  
Frontier Issuer LLC, Series 2023-1, Class A2, 144A, 6.60%, 08/20/53
  
        1,590,000
    
                1,517,080
  
NRZ Excess Spread-Collateralized Notes,
        
 
  
Series 2020-PLS1, Class A, 144A, 3.84%, 12/25/25
  
           657,302
    
                   613,133
  
Series 2021-FHT1, Class A, 144A, 3.10%, 07/25/26
  
           343,117
    
                   306,518
  
Series 2021-GNT1, Class A, 144A, 3.47%, 11/25/26
  
        2,016,209
    
                1,815,880
  
United States Small Business Administration, Series 2019-20C, Class 1, 3.20%, 03/01/39
  
        2,836,599
    
                2,539,269
  
Commercial mortgage-backed securities - 14.8%
        
 
  
Agate Bay Mortgage Trust, Series 2016-2, Class A3, 144A, VR, 3.50%, 03/25/46
  
           965,304
    
                   835,459
  
Chase Home Lending Mortgage Trust, Series 2023-1, Class A5, 144A, VR, 6.00%, 06/25/54
  
           715,000
    
                   687,423
  
Flagstar Mortgage Trust, Series 2021-1, Class A4, 144A, VR, 2.50%, 02/01/51
  
        2,251,080
    
                1,645,134
  
GS Mortgage-Backed Securities Corp Trust, Series 2021-PJ1, Class A4, 144A, VR, 2.50%, 06/25/51
  
        2,945,899
    
                2,152,922
  
GS Mortgage-Backed Securities Trust,
        
 
  
Series 2021-PJ2, Class A4, 144A, VR, 2.50%, 07/25/51
  
        2,636,097
    
                1,926,512
  
Series 2021-PJ6, Class A8, 144A, VR, 2.50%, 11/25/51
  
        1,219,247
    
                1,026,850
  
Series 2022-MM1, Class A8, 144A, VR, 2.50%, 07/25/52
  
        1,706,814
    
                1,428,198
  
Series 2022-PJ3, Class A7, 144A, VR, 2.50%, 08/25/52
  
        1,361,675
    
                1,224,069
  
Series 2023-PJ3, Class A3, 144A, VR, 5.00%, 10/27/53
  
        2,525,185
    
                2,337,965
  
Series 2023-PJ4, Class A16, 144A, VR, 6.50%, 01/25/54
  
        1,114,969
    
                1,109,795
  
JP Morgan Mortgage Trust,
        
 
  
Series 2020-LTV2, Class A3, 144A, VR, 3.00%, 11/25/50
  
           178,991
    
                   157,723
  
Series 2021-4, Class A15, 144A, VR, 2.50%, 08/25/51
  
        3,686,401
    
                2,694,096
  
Series 2021-6, Class A15, 144A, VR, 2.50%, 10/25/51
  
        3,758,006
    
                2,746,426
  
Series 2022-INV3, Class A3B, 144A, VR, 3.00%, 09/25/52
  
        2,205,455
    
                1,741,610
  
Series 2023-6, Class A4, 144A, VR, 6.00%, 12/26/53
  
        1,094,207
    
                1,074,802
  
Series 2023-8, Class A5, 144A, VR, 6.00%, 02/25/54
  
        1,445,000
    
                1,322,724
  
JP Morgan Wealth Management, Series 2020-ATR1, Class A3, 144A, VR, 3.00%, 02/25/50
  
           505,884
    
                   404,194
  
LMREC, Inc., Series 2019-CRE3, Class A,144A, (1 Month Term SOFR USD + 1.51%), 6.84%, 12/22/35
  
           881,481
    
                   880,135
  
Mello Mortgage Capital Acceptance, Series 2021-MTG3, Class A27, 144A, VR, 2.50%, 07/01/51
  
        3,631,396
    
                2,662,975
  
OBX Trust,
        
 
  
Series 2019-EXP3, Class 1A8, 144A, VR, 3.50%, 10/25/59
  
           773,548
    
                   674,207
  
Series 2021-J1, Class A19, 144A, VR, 2.50%, 05/25/51
  
        4,004,435
    
                2,926,521
  
Provident Funding Mortgage Trust, Series 2019-1, Class A2, 144A, VR, 3.00%, 12/25/49
  
        1,148,952
    
                   940,247
  
Rate Mortgage Trust, Series 2021-J1, Class A31, 144A, VR, 2.50%, 07/25/51
  
        4,017,765
    
                2,936,263
  
RCKT Mortgage Trust,
        
 
  
Series 2021-1, Class A13, 144A, VR, 2.50%, 03/25/51
  
        2,001,755
    
                1,462,923
  
Series 2021-2, Class A21,144A, VR, 2.50%, 06/25/51
  
        4,602,046
    
                3,363,267
  
Series 2021-4, Class A21, 144A, VR, 2.50%, 09/25/51
  
        2,428,538
    
                1,780,896
  
Series 2022-2, Class A6, 144A, VR, 2.50%, 02/25/52
  
        2,851,022
    
                2,347,415
  
RMF Buyout Issuance Trust, Series 2020-HB1, Class A1, 144A, VR, 1.72%, 10/25/50
  
        1,324,031
    
                1,216,057
  
Sequoia Mortgage Trust,
        
 
  
Series 2019-5, Class A1,144A, VR, 3.50%, 12/25/49
  
           729,032
    
                   627,660
  
Series 2023-3, Class A1, 144A, VR, 6.00%, 09/25/53
  
        1,130,989
    
                1,099,268
  
Federal agency mortgage-backed obligations - 6.6%
        
 
  
Fannie Mae Pool,
        
 
  
Series 0356, Class BN, 3.00%, 12/01/33
  
           888,720
    
                   813,880
  
Series 1526, Class FM, 3.00%, 09/01/49
  
        1,683,694
    
                1,405,503
  
Series 3192, Class BO, 3.00%, 10/01/49
  
        1,731,392
    
                1,446,808
  
Series 4128, Class CA, 3.00%, 09/01/49
  
        1,214,078
    
                1,014,267
  
Series 4392, Class MA, 2.50%, 07/01/51
  
        3,188,379
    
                2,454,185
  
Series 6565, Class BP, 2.50%, 08/01/40
  
        1,999,534
    
                1,666,009
  
Series 6638, Class BP, 2.50%, 08/01/40
  
        1,939,894
    
                1,616,295
  
Series 8653, Class BO, 3.00%, 02/01/50
  
        1,901,899
    
                1,588,297
  
Freddie Mac Pool,
        
 
  
Series 0144, Class SD, 3.00%, 11/01/49
  
           416,015
    
                   347,681
  
Series 2184, Class SD, 6.00%, 01/01/53
  
        3,196,407
    
                3,159,333
  
Series 3857, Class SD, 6.00%, 09/01/53
  
        1,625,000
    
                1,606,453
  
Series 5269, Class ZA, 3.00%, 02/01/48
  
           789,928
    
                   664,666
  
Series 6606, Class ZN, 3.00%, 06/01/49
  
           906,702
    
                   757,856
  
Series 7416, Class QA, 3.00%, 02/01/50
  
        3,275,660
    
                2,734,404
  
Total mortgage and asset-backed securities (cost $95,821,387)
        
              78,729,285
  
         
 
  
U.S. TREASURIES - 20.3%
  
 
 
  
 
  
U.S. Treasury Bonds,
        
 
  
2.88%, 05/15/52
  
        5,790,000
    
                4,105,246
  
3.00%, 08/15/52
  
        2,665,000
    
                1,941,910
  
3.75%, 08/15/41
  
        4,450,000
    
                3,851,510
  
U.S. Treasury Inflation Indexed Bonds, 0.88%, 02/15/47
  
        5,761,938
    
                4,198,675
  
U.S. Treasury Inflation Indexed Notes, 0.13%, 04/15/27
  
        2,008,371
    
                1,843,544
  
U.S. Treasury Notes,
        
 
  
1.13%, 08/31/28
  
        1,245,000
    
                1,054,359
  
1.13%, 02/15/31
  
      12,485,000
    
                9,847,544
  
1.38%, 11/15/31
  
      11,365,000
    
                8,908,206
  
1.63%, 09/30/26
  
        6,480,000
    
                5,915,278
  
2.38%, 03/31/29
  
        8,700,000
    
                7,745,719
  
2.75%, 08/15/32
  
        6,020,000
    
                5,212,944
  
2.88%, 06/15/25
  
        5,000,000
    
                4,813,672
  
2.88%, 05/15/32
  
        6,465,000
    
                5,674,805
  
Total U.S. Treasuries (cost $74,434,747)
        
              65,113,412
  
         
 
  
U.S. GOVERNMENT AGENCY SECURITIES - 2.5%
  
 
 
  
 
  
Federal Farm Credit Banks Funding Corp.,
        
 
  
3.30%, 03/23/32
  
        2,225,000
    
                1,904,910
  
3.80%, 04/05/32
  
        2,100,000
    
                1,889,523
  
Federal Home Loan Banks,
        
 
  
1.15%, SB, 02/26/31
  
        2,400,000
    
                1,898,442
  
1.25%, SB, 07/07/31
  
        3,010,000
    
                2,439,280
  
Total U.S. government agency securities (cost $9,735,000)
        
                8,132,155
  
         
 
  
SHORT-TERM INVESTMENTS - 11.1%
  
 
 
  
 
  
U.S. Treasury Bills,
        
 
  
ZCI, 5.18%, 10/24/23
  
        9,000,000
    
                8,970,981
  
ZCI, 5.31%, 11/07/23
  
        7,000,000
    
                6,963,066
  
ZCI, 5.37%, 02/01/24
  
        8,000,000
    
                7,856,243
  
ZCI, 5.43%, 02/22/24
  
        5,000,000
    
                4,894,587
  
ZCI, 5.44%, 03/14/24
  
        7,000,000
    
                6,830,710
  
Total short-term investments (cost $35,513,914)
        
              35,515,587
  
Total investment portfolio (cost $339,570,095) - 96.5%
        
            309,581,689
  
Other assets in excess of liabilities - 3.5%
        
              11,359,769
  
Total net assets - 100.0%
       $
          320,941,458
  
 
            

* Non-income producing security
        
144A - Securities are purchased under Rule 144A of the Securities Act of 1933 or are private placements and, unless registered under the Securities Act of 1933 or exempted from registration, generally may only be sold to qualified institutional buyers.
PERP - Perpetual bond with no maturity date.
VR - Variable rate security. Interest rate adjusts periodically based on changes in current interest rates. Rate shown is the rate in effect as of the date of this report.
SB - Step bond. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown is the rate in effect as of the date of this report.
ZCI - Zero coupon instrument. Rate disclosed is yield to maturity as of the date of this report.
        
Fair value measurements | The Fund utilizes a three-level hierarchy of inputs to establish a classification of fair value measurements. The three levels are defined as:
Level 1—Valuations based on unadjusted quoted prices for identical securities in active markets;
Level 2—Valuations based on inputs other than quoted prices that are observable, either directly or indirectly, including inputs in markets that are not considered active; and
Level 3—Valuations based on inputs that are unobservable and significant to the fair value measurement, and may include the Valuation Committee’s own assumptions on determining fair value of investments.
Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments and is affected by various factors such as the type of investment and the volume and/or level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Valuation Committee, along with any other relevant factors in the calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the valuation date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy. Investments falling into the Level 3 category may be classified as such due to a lack of market transparency and corroboration to support the quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models may rely on one or more significant unobservable inputs and/or significant assumptions by the Valuation Committee. Inputs used in valuations may include, but are not limited to, financial statement analysis, capital account balances, discount rates and estimated cash flows, and comparable entity data.
       
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual report.

As of the date of this report, the Fund's investments were categorized as follows:
                  
   
Level 1
    
Level 2
    
Level 3
  
Common stocks
  
$
53,048,913
    
$
-
    
$
-
  
Exchange traded funds
    
5,242,050
      
–
      
–
  
Preferred stocks
    
5,081,962
      
–
      
–
  
Corporate bonds
    
–
      
58,718,325
      
–
  
Mortgage and asset-backed securities
    
–
      
78,729,285
      
–
  
U.S. Treasuries
    
–
      
65,113,412
      
–
  
U.S. government agency securities
    
–
      
8,132,155
      
–
  
U.S. Treasury Bills
    
–
      
35,515,587
      
–
  
Total Investments
  
$
63,372,925
    
$
246,208,764
    
$
-
  
                         

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