0001752724-20-010261.txt : 20200124 0001752724-20-010261.hdr.sgml : 20200124 20200124102339 ACCESSION NUMBER: 0001752724-20-010261 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20191130 FILED AS OF DATE: 20200124 PERIOD START: 20200831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRINCIPAL FUNDS INC CENTRAL INDEX KEY: 0000898745 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-07572 FILM NUMBER: 20544077 BUSINESS ADDRESS: STREET 1: 711 HIGH STREET CITY: DES MOINES STATE: IA ZIP: 50392 BUSINESS PHONE: 515-248-4745 MAIL ADDRESS: STREET 1: PRINCIPAL FINANCIAL GROUP CITY: DES MOINES STATE: IA ZIP: 50392 FORMER COMPANY: FORMER CONFORMED NAME: PRINCIPAL INVESTORS FUND INC DATE OF NAME CHANGE: 20001012 FORMER COMPANY: FORMER CONFORMED NAME: PRINCIPAL SPECIAL MARKETS FUND INC DATE OF NAME CHANGE: 19930714 0000898745 S000041598 Capital Securities Fund 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Northern Trust Corp 665859AQ7 9015000.00000000 PA USD 9262912.50000000 1.338738491589 Long DBT CORP US N 2 N/A Variable 4.60000000 N N N N N N Goldman Sachs Group Inc/The 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc/The 38148BAE8 2000000.00000000 PA USD 2124400.00000000 0.307032593855 Long DBT CORP US N 2 N/A Variable 5.50000000 N N N N N Nippon Life Insurance Co 549300Y0HHMFW3EVWY08 Nippon Life Insurance Co N/A 785000.00000000 PA USD 861537.50000000 0.124515201152 Long DBT CORP JP N 2 2044-10-16 Variable 5.10000000 N N N N N N Voya Financial Inc 549300T065Z4KJ686G75 Voya Financial Inc 929089209 30000.00000000 NS USD 802200.00000000 0.115939346069 Long EP CORP US N 1 N N Capital One Financial Corp ZUE8T73ROZOF6FLBAR73 Capital One Financial Corp 14040H824 50000.00000000 NS USD 1242500.00000000 0.179574467080 Long EP CORP US N 1 N N N CoBank ACB P0J8I7M2E0A77CKF1705 CoBank ACB 19075QAC6 1000000.00000000 PA USD 1095000.00000000 0.158256773805 Long DBT USGSE US N 2 N/A Variable 6.25000000 N N N N N N Citizens Financial Group Inc 2138004JDDA4ZQUPFW65 Citizens Financial Group Inc 174610AP0 3184000.00000000 PA USD 3351160.00000000 0.484332210141 Long DBT CORP US N 2 N/A Variable 6.00000000 N N N N N N MetLife Inc C4BXATY60WC6XEOZDX54 MetLife Inc 59156RAV0 4300000.00000000 PA USD 7116500.00000000 1.028524503000 Long DBT CORP US N 2 2069-08-01 Fixed 10.75000000 N N N N N N MetLife Inc C4BXATY60WC6XEOZDX54 MetLife Inc 59156RAP3 700000.00000000 PA USD 857360.00000000 0.123911440721 Long DBT CORP US N 2 2066-12-15 Fixed 6.40000000 N N N N N N Credit Suisse Group AG 549300506SI9CRFV9Z86 Credit Suisse Group AG 225401AL2 5000000.00000000 PA USD 5350000.00000000 0.773218027267 Long DBT CORP CH N 2 N/A Variable 6.38000000 N N N N N N Charles Schwab Corp/The 549300VSGCJ7E698NM85 Charles Schwab Corp/The 808513AE5 5813000.00000000 PA USD 6343436.25000000 0.916796123985 Long DBT CORP US N 2 N/A Variable 7.00000000 N N N N N N Credit Suisse AG ANGGYXNX0JLX3X63JN86 Credit Suisse AG N/A 600000.00000000 PA USD 667500.00000000 0.096471594990 Long DBT CORP CH N 2 2023-08-08 Fixed 6.50000000 N N N N N N Nordea Bank Abp 529900ODI3047E2LIV03 Nordea Bank Abp 65559CAA9 13400000.00000000 PA USD 14656250.00000000 2.118219946195 Long DBT CORP FI N 2 N/A Variable 6.63000000 N N N N N N Citizens Financial Group Inc 2138004JDDA4ZQUPFW65 Citizens Financial Group Inc 174610AH8 5490000.00000000 PA USD 5524312.50000000 0.798410843600 Long DBT CORP US N 2 N/A Variable 5.50000000 N N N N N ACE Capital Trust II N/A ACE Capital Trust II 00440FAA2 2570000.00000000 PA USD 3867850.00000000 0.559007728367 Long DBT CORP US N 2 2030-04-01 Fixed 9.70000000 N N N N N N KeyCorp RKPI3RZGV1V1FJTH5T61 KeyCorp 493267702 33943.00000000 NS USD 972466.95000000 0.140547472273 Long EP CORP US N 1 N N N Bank of New York Mellon Corp/The WFLLPEPC7FZXENRZV188 Bank of New York Mellon Corp/The 064058AD2 8100000.00000000 PA USD 8191125.00000000 1.183836544599 Long DBT CORP US N 2 N/A Variable 4.95000000 N N N N N N Hartford Financial Services Group Inc/The IU7C3FTM7Y3BQM112U94 Hartford Financial Services Group Inc/The 416515BC7 2800000.00000000 PA USD 2526364.40000000 0.365127195799 Long DBT CORP US N 2 2067-02-12 Floating 4.03000000 N N N N N N BNP Paribas SA R0MUWSFPU8MPRO8K5P83 BNP Paribas SA 05565AAN3 1103000.00000000 PA USD 1260177.50000000 0.182129338421 Long DBT CORP FR N 2 N/A Variable 7.37000000 N N N N N N Valley National Bancorp 549300ET52S1UBIB9762 Valley National Bancorp 919794206 29291.00000000 NS USD 815168.53000000 0.117813645356 Long EP CORP US N 1 N N N US Bancorp N1GZ7BBF3NP8GI976H15 US Bancorp 902973AY2 2000000.00000000 PA USD 2058200.00000000 0.297464924060 Long DBT CORP US N 2 N/A Variable 5.12000000 N N N N N N Voya Financial Inc 549300T065Z4KJ686G75 Voya Financial Inc 929089AG5 1000000.00000000 PA USD 1065000.00000000 0.153920971783 Long DBT CORP US N 2 N/A Variable 6.13000000 N N N N N N Centaur Funding Corp N/A Centaur Funding Corp 151327202 7329.00000000 NS USD 7475580.00000000 1.080421162669 Long EP CORP KY N 2 N N N Enbridge Inc 98TPTUM4IVMFCZBCUR27 Enbridge Inc 29250NAN5 200000.00000000 PA USD 210250.00000000 0.030386745837 Long DBT CORP CA N 2 2077-01-15 Variable 6.00000000 N N N N N N Dairy Farmers of America Inc 1LTUIZEFFT7MUIERI838 Dairy Farmers of America Inc 23385HAA7 5000000.00000000 PA USD 4925000.00000000 0.711794165288 Long DBT CORP US N 2 N/A Fixed 7.13000000 N N N N N N Royal Bank of Scotland Group PLC 2138005O9XJIJN4JPN90 Royal Bank of Scotland Group PLC 780097AU5 1000000.00000000 PA USD 979870.00000000 0.141617410911 Long DBT CORP GB N 2 N/A Variable 4.42000000 N N N N N N Cloverie PLC for Zurich Insurance Co Ltd 5493002N598MXOKUEF55 Cloverie PLC for Zurich Insurance Co Ltd N/A 12100000.00000000 PA USD 13582250.00000000 1.962998233805 Long DBT CORP IE N 2 2046-06-24 Variable 5.63000000 N N N N N N UBS Group AG 549300SZJ9VS8SGXAN81 UBS Group AG N/A 9200000.00000000 PA USD 10097000.00000000 1.459286433892 Long DBT CORP CH N 2 N/A Variable 6.88000000 N N N N N N NTC Capital II N/A NTC Capital II 629398AA6 1200000.00000000 PA USD 1128000.00000000 0.163026156029 Long DBT CORP US N 2 2027-04-15 Floating 2.59000000 N N N N N N Webster Financial Corp KMRURHT0VWKYS6Z5KU67 Webster Financial Corp 947890505 29150.00000000 NS USD 738661.00000000 0.106756261913 Long EP CORP US N 1 N N Capital One Financial Corp ZUE8T73ROZOF6FLBAR73 Capital One Financial Corp 14040HBH7 4000000.00000000 PA USD 4050000.00000000 0.585333272978 Long DBT CORP US N 2 N/A Variable 5.55000000 N N N N N N Bank of America Corp 9DJT3UXIJIZJI4WXO774 Bank of America Corp 060505EL4 3000000.00000000 PA USD 3397500.00000000 0.491029578998 Long DBT CORP US N 2 N/A Variable 6.50000000 N N N N N N Lloyds Bank PLC H7FNTJ4851HG0EXQ1Z70 Lloyds Bank PLC 539473AE8 3100000.00000000 PA USD 3756852.80000000 0.542965665561 Long DBT CORP GB N 2 N/A Variable 12.00000000 N N N N N N Voya Financial Inc 549300T065Z4KJ686G75 Voya Financial Inc 929089AF7 3300000.00000000 PA USD 3168000.00000000 0.457860693529 Long DBT CORP US N 2 2048-01-23 Variable 4.70000000 N N N N N N Everest Reinsurance Holdings Inc N/A Everest Reinsurance Holdings Inc 299808AE5 1600000.00000000 PA USD 1516000.00000000 0.219102528848 Long DBT CORP US N 2 2067-05-01 Variable 4.29000000 N N N N N N AXA Equitable Holdings Inc 549300FIBAKMNHPZ4009 AXA Equitable Holdings Inc 054561204 50000.00000000 NS USD 1248000.00000000 0.180369364117 Long EP CORP US N 1 N N N BNP Paribas SA R0MUWSFPU8MPRO8K5P83 BNP Paribas SA 05565AAB9 1300000.00000000 PA USD 1443000.00000000 0.208552077261 Long DBT CORP FR N 2 N/A Variable 7.20000000 N N N N N N Banco Bilbao Vizcaya Argentaria SA K8MS7FD7N5Z2WQ51AZ71 Banco Bilbao Vizcaya Argentaria SA 05946KAG6 6400000.00000000 PA USD 6704000.00000000 0.968907225197 Long DBT CORP ES N 2 N/A Variable 6.50000000 N N N N N N PNC Capital Trust C N/A PNC Capital Trust C 69349AAA0 3000000.00000000 PA USD 2850848.31000000 0.412023795569 Long DBT CORP US N 2 2028-06-01 Floating 2.70000000 N N N N N N Vodafone Group PLC 213800TB53ELEUKM7Q61 Vodafone Group PLC 92857WBQ2 500000.00000000 PA USD 578884.17000000 0.083664238494 Long DBT CORP GB N 2 2079-04-04 Variable 7.00000000 N N N N N N AXA SA F5WCUMTUM4RKZ1MAIE39 AXA SA 054536AA5 2400000.00000000 PA USD 3513192.00000000 0.507750165916 Long DBT CORP FR N 2 2030-12-15 Fixed 8.60000000 N N N N N N JPMorgan Chase & Co 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 46625HJQ4 2000000.00000000 PA USD 2252500.00000000 0.325546468489 Long DBT CORP US N 2 N/A Variable 6.75000000 N N N N N N HSBC Holdings PLC MLU0ZO3ML4LN2LL2TL39 HSBC Holdings PLC 404280BL2 3000000.00000000 PA USD 3172500.00000000 0.458511063833 Long DBT CORP GB N 2 N/A Variable 6.00000000 N N N N N N Farm Credit Bank of Texas V1EBJIOLRNYDHDF63Z33 Farm Credit Bank of Texas 30767E406 10000.00000000 NS USD 1060000.00000000 0.153198338112 Long EP USGSE US N 2 N N N Barclays Bank PLC G5GSEF7VJP5I7OUK5573 Barclays Bank PLC 06739FFU0 3000000.00000000 PA USD 3344752.11000000 0.483406098727 Long DBT CORP GB N 2 2021-06-12 Fixed 10.18000000 N N N N N N 2020-01-03 Principal Funds, Inc Sara Reece /s/ Sara Reece Vice President and Controller XXXX NPORT-EX 2 principal_4516.htm
Schedule
of
Investments
Blue
Chip
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
1
INVESTMENT
COMPANIES
-
0.11%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0.11%
BlackRock
Liquidity
FedFund
1.53
%
(a),(b)
18,676‌
$
19‌
Principal
Government
Money
Market
Fund
1.52
%
(a),(c)
5,066,667‌
5,067‌
$
5,086‌
TOTAL
INVESTMENT
COMPANIES
$
5,086‌
COMMON
STOCKS
-
99.91%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
4.02%
TransDigm
Group
Inc
328,354‌
186,210‌
Banks
-
0.59%
First
Republic
Bank/CA
246,751‌
27,118‌
Beverages
-
0.43%
Monster
Beverage
Corp
(
d)
335,619‌
20,077‌
Biotechnology
-
1.18%
Illumina
Inc
(
d)
170,092‌
54,559‌
Chemicals
-
3.96%
Air
Products
&
Chemicals
Inc
133,505‌
31,551‌
Ecolab
Inc
87,022‌
16,245‌
Linde
PLC
545,086‌
112,402‌
Sherwin-Williams
Co/The
39,583‌
23,082‌
$
183,280‌
Commercial
Services
-
9.46%
Automatic
Data
Processing
Inc
497,844‌
85,022‌
Gartner
Inc
(
d)
49,787‌
7,989‌
IHS
Markit
Ltd
(
d)
310,817‌
22,581‌
Moody's
Corp
255,536‌
57,922‌
PayPal
Holdings
Inc
(
d)
1,740,361‌
187,976‌
S&P
Global
Inc
287,792‌
76,164‌
$
437,654‌
Diversified
Financial
Services
-
11.61%
Charles
Schwab
Corp/The
2,178,669‌
107,844‌
Mastercard
Inc
693,818‌
202,754‌
Visa
Inc
1,229,736‌
226,899‌
$
537,497‌
Healthcare
-
Products
-
3.47%
Danaher
Corp
834,385‌
121,803‌
IDEXX
Laboratories
Inc
(
d)
154,368‌
38,836‌
$
160,639‌
Insurance
-
8.27%
Aon
PLC
105,552‌
21,491‌
Berkshire
Hathaway
Inc
-
Class
B
(
d)
1,203,656‌
265,165‌
Markel
Corp
(
d)
48,018‌
54,527‌
Progressive
Corp/The
570,548‌
41,679‌
$
382,862‌
Internet
-
23.82%
Alphabet
Inc
-
A
Shares
(
d)
13,092‌
17,073‌
Alphabet
Inc
-
C
Shares
(
d)
271,399‌
354,165‌
Amazon.com
Inc
(
d)
219,470‌
395,222‌
Booking
Holdings
Inc
(
d)
62,604‌
119,200‌
Facebook
Inc
(
d)
975,905‌
196,781‌
Shopify
Inc
(
d)
58,785‌
19,796‌
$
1,102,237‌
Lodging
-
2.12%
Hilton
Worldwide
Holdings
Inc
935,427‌
98,220‌
Media
-
4.37%
Charter
Communications
Inc
(
d)
430,392‌
202,289‌
Private
Equity
-
5.44%
Brookfield
Asset
Management
Inc
3,880,522‌
226,661‌
KKR
&
Co
Inc
844,802‌
24,913‌
$
251,574‌
REITs
-
4.63%
American
Tower
Corp
999,962‌
214,022‌
Retail
-
2.27%
Costco
Wholesale
Corp
98,514‌
29,536‌
Restaurant
Brands
International
Inc
718,636‌
47,164‌
Yum!
Brands
Inc
280,048‌
28,192‌
$
104,892‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Semiconductors
-
1.17%
NVIDIA
Corp
250,601‌
$
54,315‌
Software
-
13.10%
Adobe
Inc
(
d)
533,624‌
165,172‌
Intuit
Inc
147,596‌
38,211‌
Microsoft
Corp
1,497,971‌
226,763‌
salesforce.com
Inc
(
d)
971,832‌
158,302‌
Slack
Technologies
Inc
(
d),(e)
779,409‌
17,786‌
$
606,234‌
TOTAL
COMMON
STOCKS
$
4,623,679‌
Total
Investments
$
4,628,765‌
Other
Assets
and
Liabilities
-  (
0.02)%
(979‌)
TOTAL
NET
ASSETS
-
100.00%
$
4,627,786‌
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$19
or
0.00
%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940)
or
an
affiliate
as
defined
by
the
Investment
Company
Act
of
1940
(controls
5.0%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
affiliated
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
on
loan
at
the
end
of
the
period.
Portfolio
Summary  (
unaudited)
Sector
Percent
Financial
30.54‌%
Communications
28.19‌%
Consumer,
Non-cyclical
14.54‌%
Technology
14.27‌%
Consumer,
Cyclical
4.39‌%
Industrial
4.02‌%
Basic
Materials
3.96‌%
Money
Market
Funds
0.11‌%
Other
Assets
and
Liabilities
(
0.02‌)%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Blue
Chip
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
2
Affiliated
Securities
August
31,
2019
Purchases
Sales
November
30,
2019
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
1.52%
$
14,510‌
$
191,158‌
$
200,601‌
$
5,067‌
$
14,510‌
$
191,158‌
$
200,601‌
$
5,067‌
Income
Realized
Gain/Loss
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/Loss
Principal
Government
Money
Market
Fund
1.52%
$
28‌
$
—‌
$
—‌
$
—‌
$
28‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
3
INVESTMENT
COMPANIES
-
5.66%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
1.20%
iShares
MBS
ETF
275,375‌
$
29,779‌
Money
Market
Funds
-
4.46%
BlackRock
Liquidity
FedFund
1.53%
(a),(b)
5,013,546‌
5,014‌
Principal
Government
Money
Market
Fund
1.52%
(a),(b),(c)
105,204,886‌
105,205‌
$
110,219‌
TOTAL
INVESTMENT
COMPANIES
$
139,998‌
BONDS
-
31.89%
Principal
Amount
(000's)
Value
(000's)
Advertising
-
0.03%
Interpublic
Group
of
Cos
Inc/The
4.20%,
04/15/2024
$
50‌
$
54‌
Omnicom
Group
Inc
/
Omnicom
Capital
Inc
3.60%,
04/15/2026
500‌
528‌
3.63%,
05/01/2022
75‌
77‌
WPP
Finance
2010
3.75%,
09/19/2024
75‌
79‌
$
738‌
Aerospace
&
Defense
-
0.56%
Boeing
Co/The
2.30%,
08/01/2021
2,210‌
2,221‌
2.70%,
02/01/2027
110‌
112‌
2.80%,
03/01/2024
200‌
205‌
2.95%,
02/01/2030
140‌
144‌
3.25%,
02/01/2035
335‌
350‌
3.50%,
03/01/2039
200‌
209‌
3.75%,
02/01/2050
310‌
335‌
3.95%,
08/01/2059
375‌
411‌
5.88%,
02/15/2040
100‌
135‌
Embraer
Netherlands
Finance
BV
5.05%,
06/15/2025
250‌
273‌
General
Dynamics
Corp
2.25%,
11/15/2022
400‌
404‌
3.00%,
05/11/2021
200‌
203‌
3.50%,
05/15/2025
235‌
251‌
L3Harris
Technologies
Inc
2.90%,
12/15/2029
360‌
365‌
3.83%,
04/27/2025
270‌
288‌
4.95%,
02/15/2021
(d)
30‌
31‌
Lockheed
Martin
Corp
3.35%,
09/15/2021
500‌
512‌
3.55%,
01/15/2026
265‌
285‌
4.07%,
12/15/2042
105‌
121‌
4.09%,
09/15/2052
162‌
191‌
4.50%,
05/15/2036
685‌
822‌
4.70%,
05/15/2046
75‌
95‌
Northrop
Grumman
Corp
2.55%,
10/15/2022
740‌
750‌
3.20%,
02/01/2027
130‌
135‌
3.25%,
08/01/2023
75‌
78‌
3.25%,
01/15/2028
755‌
787‌
3.50%,
03/15/2021
30‌
31‌
5.05%,
11/15/2040
500‌
620‌
Raytheon
Co
4.70%,
12/15/2041
350‌
435‌
Rockwell
Collins
Inc
3.20%,
03/15/2024
75‌
78‌
4.80%,
12/15/2043
525‌
643‌
United
Technologies
Corp
2.30%,
05/04/2022
300‌
302‌
2.65%,
11/01/2026
25‌
26‌
3.65%,
08/16/2023
300‌
316‌
3.75%,
11/01/2046
500‌
550‌
4.05%,
05/04/2047
300‌
344‌
4.13%,
11/16/2028
270‌
304‌
4.50%,
06/01/2042
410‌
495‌
6.13%,
07/15/2038
46‌
64‌
$
13,921‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Agriculture
-
0.32%
Altria
Group
Inc
3.80%,
02/14/2024
$
500‌
$
525‌
4.00%,
01/31/2024
500‌
529‌
4.25%,
08/09/2042
460‌
463‌
4.75%,
05/05/2021
500‌
519‌
4.80%,
02/14/2029
300‌
332‌
5.38%,
01/31/2044
25‌
28‌
6.20%,
02/14/2059
250‌
300‌
Archer-Daniels-Midland
Co
4.02%,
04/16/2043
350‌
395‌
BAT
Capital
Corp
2.76%,
08/15/2022
535‌
541‌
2.79%,
09/06/2024
210‌
210‌
3.46%,
09/06/2029
210‌
208‌
3.56%,
08/15/2027
500‌
509‌
4.54%,
08/15/2047
300‌
293‌
Philip
Morris
International
Inc
2.38%,
08/17/2022
90‌
91‌
2.75%,
02/25/2026
500‌
509‌
2.90%,
11/15/2021
400‌
407‌
3.25%,
11/10/2024
445‌
467‌
3.38%,
08/11/2025
350‌
369‌
4.13%,
03/04/2043
300‌
326‌
Reynolds
American
Inc
4.45%,
06/12/2025
220‌
236‌
5.70%,
08/15/2035
50‌
57‌
5.85%,
08/15/2045
50‌
56‌
6.15%,
09/15/2043
500‌
572‌
$
7,942‌
Airlines
-
0.04%
American
Airlines
2014-1
Class
A
Pass
Through
Trust
3.70%,
04/01/2028
15‌
15‌
American
Airlines
2019-1
Class
AA
Pass
Through
Trust
3.15%,
08/15/2033
140‌
147‌
Delta
Air
Lines
Inc
2.90%,
10/28/2024
150‌
149‌
3.75%,
10/28/2029
150‌
148‌
Southwest
Airlines
Co
3.00%,
11/15/2026
350‌
360‌
United
Airlines
2019-2
Class
AA
Pass
Through
Trust
2.70%,
11/01/2033
70‌
70‌
$
889‌
Apparel
-
0.02%
NIKE
Inc
3.88%,
11/01/2045
500‌
578‌
Automobile
Asset
Backed
Securities
-
0.18%
Americredit
Automobile
Receivables
Trust
2018-1
3.07%,
12/19/2022
1,000‌
1,007‌
GM
Financial
Automobile
Leasing
Trust
2018-1
2.61%,
01/20/2021
623‌
624‌
GM
Financial
Automobile
Leasing
Trust
2018-2
3.06%,
06/21/2021
861‌
864‌
Nissan
Auto
Receivables
2017-B
Owner
Trust
1.75%,
10/15/2021
327‌
327‌
World
Omni
Automobile
Lease
Securitization
Trust
2019-A
2.94%,
05/16/2022
1,500‌
1,520‌
$
4,342‌
Automobile
Manufacturers
-
0.53%
American
Honda
Finance
Corp
1.70%,
09/09/2021
500‌
498‌
1.95%,
05/20/2022
150‌
150‌
2.05%,
01/10/2023
425‌
426‌
2.15%,
09/10/2024
345‌
344‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
4
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Manufacturers
(continued)
Daimler
Finance
North
America
LLC
8.50%,
01/18/2031
$
500‌
$
752‌
Ford
Motor
Co
4.75%,
01/15/2043
895‌
780‌
Ford
Motor
Credit
Co
LLC
3.34%,
03/18/2021
500‌
503‌
3.66%,
09/08/2024
725‌
719‌
4.25%,
09/20/2022
200‌
205‌
4.54%,
08/01/2026
750‌
755‌
5.11%,
05/03/2029
500‌
506‌
5.60%,
01/07/2022
450‌
473‌
5.88%,
08/02/2021
100‌
105‌
General
Motors
Co
4.88%,
10/02/2023
80‌
86‌
5.00%,
04/01/2035
325‌
335‌
5.15%,
04/01/2038
160‌
164‌
5.20%,
04/01/2045
425‌
423‌
5.40%,
04/01/2048
375‌
381‌
6.25%,
10/02/2043
75‌
83‌
General
Motors
Financial
Co
Inc
3.45%,
01/14/2022
1,000‌
1,020‌
3.45%,
04/10/2022
50‌
51‌
3.55%,
07/08/2022
935‌
960‌
4.00%,
10/06/2026
75‌
77‌
4.20%,
11/06/2021
250‌
258‌
4.35%,
01/17/2027
525‌
544‌
Toyota
Motor
Corp
3.67%,
07/20/2028
500‌
553‌
Toyota
Motor
Credit
Corp
1.80%,
10/07/2021
150‌
150‌
1.90%,
04/08/2021
500‌
501‌
2.00%,
10/07/2024
(e)
145‌
145‌
2.75%,
05/17/2021
500‌
506‌
3.30%,
01/12/2022
500‌
515‌
$
12,968‌
Automobile
Parts
&
Equipment
-
0.01%
BorgWarner
Inc
4.38%,
03/15/2045
300‌
316‌
Banks
-
5.79%
Australia
&
New
Zealand
Banking
Group
Ltd/
New
York
NY
2.05%,
11/21/2022
250‌
250‌
2.63%,
05/19/2022
550‌
559‌
Banco
Santander
SA
4.25%,
04/11/2027
650‌
700‌
Bank
of
America
Corp
2.46%,
10/22/2025
(f)
300‌
301‌
3
Month
USD
LIBOR
+
0.87%
2.50%,
10/21/2022
75‌
76‌
2.63%,
04/19/2021
1,175‌
1,186‌
2.82%,
07/21/2023
(f)
75‌
76‌
3
Month
USD
LIBOR
+
0.93%
2.88%,
04/24/2023
(f)
110‌
112‌
3
Month
USD
LIBOR
+
1.02%
3.00%,
12/20/2023
(f)
2,551‌
2,605‌
3
Month
USD
LIBOR
+
0.79%
3.19%,
07/23/2030
(f)
285‌
294‌
3
Month
USD
LIBOR
+
1.18%
3.25%,
10/21/2027
350‌
365‌
3.30%,
01/11/2023
1,175‌
1,215‌
3.42%,
12/20/2028
(f)
639‌
670‌
3
Month
USD
LIBOR
+
1.04%
3.46%,
03/15/2025
(f)
500‌
522‌
3
Month
USD
LIBOR
+
0.97%
3.50%,
04/19/2026
335‌
356‌
3.86%,
07/23/2024
(f)
200‌
211‌
3
Month
USD
LIBOR
+
0.94%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Bank
of
America
Corp  
(continued)
3.95%,
01/23/2049
(f)
$
110‌
$
125‌
3
Month
USD
LIBOR
+
1.19%
3.97%,
03/05/2029
(f)
75‌
82‌
3
Month
USD
LIBOR
+
1.07%
3.97%,
02/07/2030
(f)
1,000‌
1,093‌
3
Month
USD
LIBOR
+
1.21%
4.00%,
04/01/2024
400‌
428‌
4.00%,
01/22/2025
90‌
96‌
4.10%,
07/24/2023
75‌
80‌
4.24%,
04/24/2038
(f)
835‌
965‌
3
Month
USD
LIBOR
+
1.81%
4.25%,
10/22/2026
800‌
875‌
4.27%,
07/23/2029
(f)
640‌
712‌
3
Month
USD
LIBOR
+
1.31%
4.33%,
03/15/2050
(f)
255‌
307‌
3
Month
USD
LIBOR
+
1.52%
5.00%,
01/21/2044
75‌
98‌
5.70%,
01/24/2022
75‌
81‌
5.88%,
02/07/2042
60‌
85‌
6.11%,
01/29/2037
500‌
667‌
Bank
of
Montreal
2.55%,
11/06/2022
75‌
76‌
2.90%,
03/26/2022
500‌
510‌
3.30%,
02/05/2024
750‌
780‌
Bank
of
New
York
Mellon
Corp/The
1.95%,
08/23/2022
740‌
740‌
2.10%,
10/24/2024
750‌
750‌
Bank
of
Nova
Scotia/The
2.00%,
11/15/2022
150‌
150‌
2.45%,
03/22/2021
750‌
755‌
2.70%,
03/07/2022
145‌
147‌
2.70%,
08/03/2026
145‌
147‌
2.80%,
07/21/2021
500‌
507‌
3.40%,
02/11/2024
750‌
784‌
4.50%,
12/16/2025
60‌
65‌
Barclays
PLC
3.68%,
01/10/2023
200‌
204‌
3.93%,
05/07/2025
(f)
915‌
954‌
3
Month
USD
LIBOR
+
1.61%
4.38%,
01/12/2026
380‌
408‌
4.97%,
05/16/2029
(f)
200‌
224‌
3
Month
USD
LIBOR
+
1.90%
5.25%,
08/17/2045
750‌
891‌
BB&T
Corp
2.50%,
08/01/2024
340‌
343‌
BNP
Paribas
SA
5.00%,
01/15/2021
400‌
413‌
BPCE
SA
4.00%,
04/15/2024
750‌
803‌
Branch
Banking
&
Trust
Co
2.63%,
01/15/2022
1,000‌
1,012‌
3.80%,
10/30/2026
500‌
537‌
Canadian
Imperial
Bank
of
Commerce
2.55%,
06/16/2022
575‌
583‌
2.61%,
07/22/2023
(f)
220‌
222‌
3
Month
USD
LIBOR
+
0.79%
Capital
One
NA
2.15%,
09/06/2022
250‌
250‌
2.25%,
09/13/2021
650‌
651‌
Citibank
NA
3.65%,
01/23/2024
750‌
793‌
Citigroup
Inc
2.31%,
11/04/2022
(f)
225‌
225‌
United
States
Secured
Overnight
Financing
Rate
+
0.87%
2.70%,
03/30/2021
500‌
504‌
2.75%,
04/25/2022
425‌
431‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
5
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Citigroup
Inc  
(continued)
2.90%,
12/08/2021
$
385‌
$
391‌
2.98%,
11/05/2030
(f)
150‌
152‌
United
States
Secured
Overnight
Financing
Rate
+
1.42%
3.30%,
04/27/2025
435‌
454‌
3.40%,
05/01/2026
1,110‌
1,166‌
3.52%,
10/27/2028
(f)
125‌
132‌
3
Month
USD
LIBOR
+
1.15%
3.67%,
07/24/2028
(f)
875‌
929‌
3
Month
USD
LIBOR
+
1.39%
3.70%,
01/12/2026
110‌
117‌
3.88%,
01/24/2039
(f)
220‌
241‌
3
Month
USD
LIBOR
+
1.17%
4.13%,
07/25/2028
110‌
120‌
4.30%,
11/20/2026
75‌
82‌
4.45%,
09/29/2027
75‌
83‌
4.60%,
03/09/2026
1,075‌
1,183‌
4.65%,
07/30/2045
115‌
141‌
4.65%,
07/23/2048
235‌
292‌
4.75%,
05/18/2046
395‌
472‌
5.50%,
09/13/2025
845‌
966‌
6.68%,
09/13/2043
360‌
524‌
8.13%,
07/15/2039
474‌
785‌
Citizens
Bank
NA/Providence
RI
2.55%,
05/13/2021
400‌
403‌
3.75%,
02/18/2026
250‌
267‌
Cooperatieve
Rabobank
UA
3.88%,
02/08/2022
535‌
556‌
5.25%,
05/24/2041
185‌
256‌
5.25%,
08/04/2045
550‌
700‌
Cooperatieve
Rabobank
UA/NY
2.75%,
01/10/2022
500‌
507‌
3.38%,
05/21/2025
500‌
532‌
Credit
Suisse
AG/New
York
NY
3.00%,
10/29/2021
325‌
331‌
3.63%,
09/09/2024
500‌
529‌
Credit
Suisse
Group
Funding
Guernsey
Ltd
3.75%,
03/26/2025
1,250‌
1,319‌
3.80%,
09/15/2022
705‌
733‌
3.80%,
06/09/2023
750‌
784‌
Deutsche
Bank
AG/New
York
NY
3.95%,
02/27/2023
100‌
102‌
4.10%,
01/13/2026
750‌
753‌
4.25%,
10/14/2021
400‌
409‌
Development
Bank
of
Japan
Inc
2.00%,
10/19/2021
350‌
350‌
Discover
Bank
3.20%,
08/09/2021
1,000‌
1,016‌
Fifth
Third
Bancorp
2.38%,
01/28/2025
600‌
601‌
4.30%,
01/16/2024
50‌
54‌
Fifth
Third
Bank/Cincinnati
OH
2.25%,
06/14/2021
300‌
301‌
Goldman
Sachs
Group
Inc/The
2.63%,
04/25/2021
500‌
504‌
3.00%,
04/26/2022
990‌
1,001‌
3.27%,
09/29/2025
(f)
75‌
78‌
3
Month
USD
LIBOR
+
1.20%
3.63%,
01/22/2023
335‌
349‌
3.69%,
06/05/2028
(f)
500‌
530‌
3
Month
USD
LIBOR
+
1.51%
3.75%,
02/25/2026
75‌
80‌
3.81%,
04/23/2029
(f)
75‌
80‌
3
Month
USD
LIBOR
+
1.16%
3.85%,
01/26/2027
110‌
117‌
4.22%,
05/01/2029
(f)
505‌
556‌
3
Month
USD
LIBOR
+
1.30%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Goldman
Sachs
Group
Inc/The  
(continued)
4.25%,
10/21/2025
$
575‌
$
621‌
4.41%,
04/23/2039
(f)
175‌
199‌
3
Month
USD
LIBOR
+
1.43%
4.75%,
10/21/2045
150‌
183‌
5.15%,
05/22/2045
375‌
461‌
5.25%,
07/27/2021
1,375‌
1,445‌
5.95%,
01/15/2027
700‌
839‌
6.13%,
02/15/2033
850‌
1,140‌
6.25%,
02/01/2041
220‌
309‌
6.75%,
10/01/2037
210‌
289‌
HSBC
Holdings
PLC
2.63%,
11/07/2025
(f)
725‌
723‌
3
Month
USD
LIBOR
+
1.14%
3.26%,
03/13/2023
(f)
500‌
510‌
3
Month
USD
LIBOR
+
1.06%
3.40%,
03/08/2021
750‌
762‌
3.90%,
05/25/2026
500‌
532‌
3.97%,
05/22/2030
(f)
300‌
321‌
3
Month
USD
LIBOR
+
1.61%
4.25%,
08/18/2025
750‌
797‌
4.58%,
06/19/2029
(f)
240‌
266‌
3
Month
USD
LIBOR
+
1.53%
6.10%,
01/14/2042
600‌
846‌
6.50%,
05/02/2036
700‌
947‌
6.50%,
09/15/2037
100‌
136‌
6.80%,
06/01/2038
500‌
707‌
HSBC
USA
Inc
3.50%,
06/23/2024
500‌
527‌
Industrial
&
Commercial
Bank
of
China
Ltd/New
York
NY
2.45%,
10/20/2021
350‌
349‌
ING
Groep
NV
3.15%,
03/29/2022
400‌
409‌
3.55%,
04/09/2024
300‌
313‌
4.55%,
10/02/2028
300‌
340‌
JPMorgan
Chase
&
Co
2.30%,
08/15/2021
860‌
862‌
2.30%,
10/15/2025
(f)
320‌
319‌
United
States
Secured
Overnight
Financing
Rate
+
1.16%
2.40%,
06/07/2021
500‌
503‌
2.55%,
03/01/2021
1,500‌
1,510‌
2.74%,
10/15/2030
(f)
625‌
624‌
United
States
Secured
Overnight
Financing
Rate
+
1.51%
2.78%,
04/25/2023
(f)
250‌
253‌
3
Month
USD
LIBOR
+
0.94%
3.20%,
01/25/2023
2,667‌
2,758‌
3.21%,
04/01/2023
(f)
500‌
511‌
3
Month
USD
LIBOR
+
0.70%
3.51%,
01/23/2029
(f)
200‌
212‌
3
Month
USD
LIBOR
+
0.95%
3.54%,
05/01/2028
(f)
500‌
530‌
3
Month
USD
LIBOR
+
1.38%
3.56%,
04/23/2024
(f)
75‌
78‌
3
Month
USD
LIBOR
+
0.73%
3.63%,
12/01/2027
500‌
528‌
3.80%,
07/23/2024
(f)
180‌
189‌
3
Month
USD
LIBOR
+
0.89%
3.88%,
02/01/2024
85‌
90‌
3.88%,
09/10/2024
75‌
80‌
3.88%,
07/24/2038
(f)
750‌
825‌
3
Month
USD
LIBOR
+
1.36%
3.90%,
07/15/2025
460‌
494‌
3.90%,
01/23/2049
(f)
830‌
937‌
3
Month
USD
LIBOR
+
1.22%
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
6
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
JPMorgan
Chase
&
Co  
(continued)
4.01%,
04/23/2029
(f)
$
350‌
$
384‌
3
Month
USD
LIBOR
+
1.12%
4.03%,
07/24/2048
(f)
600‌
686‌
3
Month
USD
LIBOR
+
1.46%
4.20%,
07/23/2029
(f)
230‌
255‌
3
Month
USD
LIBOR
+
1.26%
4.50%,
01/24/2022
100‌
105‌
5.60%,
07/15/2041
370‌
503‌
8.00%,
04/29/2027
1,000‌
1,333‌
KeyBank
NA/Cleveland
OH
3.30%,
06/01/2025
500‌
528‌
KeyCorp
2.55%,
10/01/2029
270‌
264‌
Korea
Development
Bank/The
2.75%,
03/19/2023
500‌
510‌
3.25%,
02/19/2024
400‌
418‌
3.38%,
09/16/2025
500‌
531‌
Kreditanstalt
fuer
Wiederaufbau
0.00%,
04/18/2036
(g)
260‌
181‌
1.50%,
06/15/2021
610‌
608‌
1.63%,
03/15/2021
2,535‌
2,532‌
2.00%,
05/02/2025
280‌
284‌
2.13%,
06/15/2022
2,500‌
2,529‌
2.13%,
01/17/2023
500‌
507‌
2.38%,
12/29/2022
440‌
449‌
2.50%,
02/15/2022
500‌
509‌
2.50%,
11/20/2024
500‌
519‌
2.88%,
04/03/2028
200‌
216‌
3.13%,
12/15/2021
750‌
772‌
Landwirtschaftliche
Rentenbank
2.38%,
06/10/2025
750‌
774‌
2.50%,
11/15/2027
500‌
525‌
Lloyds
Bank
PLC
2.25%,
08/14/2022
200‌
201‌
Lloyds
Banking
Group
PLC
3.00%,
01/11/2022
800‌
811‌
3.90%,
03/12/2024
735‌
774‌
4.55%,
08/16/2028
400‌
445‌
4.58%,
12/10/2025
575‌
617‌
4.65%,
03/24/2026
475‌
514‌
Mitsubishi
UFJ
Financial
Group
Inc
2.62%,
07/18/2022
400‌
405‌
2.76%,
09/13/2026
500‌
505‌
2.80%,
07/18/2024
200‌
204‌
2.95%,
03/01/2021
1,690‌
1,709‌
3.20%,
07/18/2029
200‌
207‌
3.75%,
07/18/2039
200‌
219‌
3.76%,
07/26/2023
1,000‌
1,051‌
Mizuho
Financial
Group
Inc
2.27%,
09/13/2021
300‌
301‌
2.72%,
07/16/2023
(f)
200‌
202‌
3
Month
USD
LIBOR
+
0.84%
2.84%,
07/16/2025
(f)
200‌
202‌
3
Month
USD
LIBOR
+
0.98%
3.15%,
07/16/2030
(f)
800‌
818‌
3
Month
USD
LIBOR
+
1.13%
Morgan
Stanley
2.50%,
04/21/2021
1,000‌
1,006‌
2.63%,
11/17/2021
750‌
758‌
2.72%,
07/22/2025
(f)
255‌
258‌
United
States
Secured
Overnight
Financing
Rate
+
1.15%
2.75%,
05/19/2022
360‌
365‌
3.13%,
01/23/2023
220‌
226‌
3.13%,
07/27/2026
670‌
694‌
3.59%,
07/22/2028
(f)
90‌
96‌
3
Month
USD
LIBOR
+
1.34%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Morgan
Stanley  
(continued)
3.63%,
01/20/2027
$
95‌
$
101‌
3.70%,
10/23/2024
775‌
821‌
3.75%,
02/25/2023
150‌
157‌
3.77%,
01/24/2029
(f)
430‌
462‌
3
Month
USD
LIBOR
+
1.14%
3.88%,
04/29/2024
75‌
80‌
3.95%,
04/23/2027
60‌
64‌
4.00%,
07/23/2025
25‌
27‌
4.30%,
01/27/2045
320‌
378‌
4.35%,
09/08/2026
500‌
547‌
4.88%,
11/01/2022
650‌
697‌
5.00%,
11/24/2025
75‌
84‌
5.50%,
07/28/2021
510‌
539‌
5.75%,
01/25/2021
100‌
104‌
6.38%,
07/24/2042
315‌
467‌
MUFG
Union
Bank
NA
3.15%,
04/01/2022
500‌
513‌
National
Australia
Bank
Ltd/New
York
2.50%,
05/22/2022
650‌
657‌
Oesterreichische
Kontrollbank
AG
2.38%,
10/01/2021
750‌
758‌
PNC
Bank
NA
2.23%,
07/22/2022
(f)
250‌
251‌
3
Month
USD
LIBOR
+
0.44%
2.70%,
11/01/2022
575‌
585‌
4.05%,
07/26/2028
400‌
442‌
PNC
Financial
Services
Group
Inc/The
2.20%,
11/01/2024
120‌
120‌
2.60%,
07/23/2026
110‌
111‌
3.30%,
03/08/2022
750‌
770‌
3.45%,
04/23/2029
335‌
358‌
Regions
Financial
Corp
3.20%,
02/08/2021
500‌
506‌
Royal
Bank
of
Canada
2.25%,
11/01/2024
300‌
299‌
2.55%,
07/16/2024
145‌
147‌
4.65%,
01/27/2026
575‌
639‌
Royal
Bank
of
Scotland
Group
PLC
3.50%,
05/15/2023
(f)
400‌
408‌
3
Month
USD
LIBOR
+
1.48%
4.27%,
03/22/2025
(f)
795‌
839‌
3
Month
USD
LIBOR
+
1.76%
4.44%,
05/08/2030
(f)
700‌
763‌
3
Month
USD
LIBOR
+
1.87%
5.08%,
01/27/2030
(f)
400‌
459‌
3
Month
USD
LIBOR
+
1.91%
6.00%,
12/19/2023
475‌
526‌
6.13%,
12/15/2022
200‌
217‌
Santander
Holdings
USA
Inc
3.40%,
01/18/2023
75‌
77‌
3.70%,
03/28/2022
75‌
77‌
Santander
UK
Group
Holdings
PLC
3.57%,
01/10/2023
500‌
511‌
State
Street
Corp
2.35%,
11/01/2025
(f)
110‌
110‌
United
States
Secured
Overnight
Financing
Rate
+
0.94%
2.65%,
05/19/2026
500‌
510‌
3.10%,
05/15/2023
50‌
52‌
3.30%,
12/16/2024
75‌
79‌
3.55%,
08/18/2025
275‌
295‌
3.70%,
11/20/2023
75‌
80‌
Sumitomo
Mitsui
Financial
Group
Inc
2.06%,
07/14/2021
590‌
590‌
2.44%,
10/19/2021
700‌
706‌
2.70%,
07/16/2024
800‌
809‌
2.78%,
07/12/2022
390‌
396‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
7
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Sumitomo
Mitsui
Financial
Group
Inc  
(continued)
2.85%,
01/11/2022
$
1,090‌
$
1,106‌
3.01%,
10/19/2026
75‌
77‌
3.04%,
07/16/2029
200‌
204‌
3.36%,
07/12/2027
335‌
351‌
3.45%,
01/11/2027
165‌
173‌
SunTrust
Bank/Atlanta
GA
2.80%,
05/17/2022
335‌
340‌
SunTrust
Banks
Inc
4.00%,
05/01/2025
75‌
81‌
Svenska
Handelsbanken
AB
1.88%,
09/07/2021
1,000‌
999‌
Toronto-Dominion
Bank/The
1.90%,
12/01/2022
600‌
598‌
3.50%,
07/19/2023
500‌
526‌
3.62%,
09/15/2031
(f)
455‌
475‌
USD
Swap
Semi-Annual
5
Year
+
2.21%
US
Bancorp
2.40%,
07/30/2024
190‌
193‌
3.00%,
03/15/2022
50‌
51‌
3.00%,
07/30/2029
975‌
1,007‌
3.15%,
04/27/2027
560‌
590‌
Wells
Fargo
&
Co
2.10%,
07/26/2021
540‌
541‌
2.41%,
10/30/2025
(f)
1,300‌
1,297‌
3
Month
USD
LIBOR
+
0.83%
2.88%,
10/30/2030
(f)
1,300‌
1,306‌
3
Month
USD
LIBOR
+
1.17%
3.00%,
01/22/2021
500‌
506‌
3.00%,
04/22/2026
490‌
504‌
3.00%,
10/23/2026
590‌
607‌
3.45%,
02/13/2023
535‌
553‌
3.55%,
09/29/2025
75‌
79‌
3.58%,
05/22/2028
(f)
375‌
399‌
3
Month
USD
LIBOR
+
1.31%
4.10%,
06/03/2026
535‌
578‌
4.15%,
01/24/2029
370‌
412‌
4.40%,
06/14/2046
350‌
404‌
4.65%,
11/04/2044
430‌
514‌
4.75%,
12/07/2046
250‌
305‌
4.90%,
11/17/2045
75‌
93‌
5.38%,
02/07/2035
325‌
416‌
5.38%,
11/02/2043
185‌
239‌
Wells
Fargo
Bank
NA
2.60%,
01/15/2021
400‌
403‌
2.90%,
05/27/2022
(f)
500‌
506‌
3
Month
USD
LIBOR
+
0.61%
3.55%,
08/14/2023
400‌
420‌
Westpac
Banking
Corp
2.00%,
08/19/2021
60‌
60‌
2.10%,
05/13/2021
430‌
430‌
2.35%,
02/19/2025
150‌
150‌
2.70%,
08/19/2026
500‌
507‌
2.85%,
05/13/2026
535‌
548‌
4.11%,
07/24/2034
(f)
145‌
150‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.00%
4.42%,
07/24/2039
275‌
298‌
$
143,047‌
Beverages
-
0.74%
Anheuser-Busch
Cos
LLC
/
Anheuser-Busch
InBev
Worldwide
Inc
3.65%,
02/01/2026
1,295‌
1,388‌
4.70%,
02/01/2036
1,975‌
2,300‌
4.90%,
02/01/2046
875‌
1,051‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Beverages
(continued)
Anheuser-Busch
InBev
Finance
Inc
3.30%,
02/01/2023
$
500‌
$
518‌
4.63%,
02/01/2044
75‌
84‌
Anheuser-Busch
InBev
Worldwide
Inc
3.75%,
07/15/2042
750‌
779‌
4.00%,
04/13/2028
500‌
551‌
4.38%,
04/15/2038
1,175‌
1,325‌
4.60%,
04/15/2048
35‌
41‌
4.75%,
01/23/2029
470‌
545‌
4.75%,
04/15/2058
75‌
90‌
4.95%,
01/15/2042
25‌
30‌
5.45%,
01/23/2039
200‌
254‌
5.80%,
01/23/2059
210‌
296‌
8.20%,
01/15/2039
60‌
95‌
Coca-Cola
Co/The
1.75%,
09/06/2024
140‌
139‌
2.13%,
09/06/2029
180‌
176‌
2.90%,
05/25/2027
500‌
527‌
Constellation
Brands
Inc
3.15%,
08/01/2029
90‌
91‌
3.20%,
02/15/2023
1,130‌
1,161‌
4.10%,
02/15/2048
300‌
318‌
Diageo
Capital
PLC
2.13%,
10/24/2024
200‌
200‌
2.38%,
10/24/2029
200‌
198‌
Diageo
Investment
Corp
2.88%,
05/11/2022
780‌
796‌
Keurig
Dr
Pepper
Inc
3.13%,
12/15/2023
500‌
514‌
4.06%,
05/25/2023
360‌
381‌
4.42%,
05/25/2025
75‌
82‌
4.99%,
05/25/2038
250‌
293‌
Molson
Coors
Brewing
Co
2.10%,
07/15/2021
500‌
499‌
3.00%,
07/15/2026
105‌
106‌
4.20%,
07/15/2046
250‌
246‌
PepsiCo
Inc
2.38%,
10/06/2026
590‌
602‌
2.63%,
07/29/2029
145‌
149‌
2.75%,
03/05/2022
355‌
363‌
2.75%,
03/01/2023
75‌
77‌
2.85%,
02/24/2026
90‌
94‌
2.88%,
10/15/2049
145‌
142‌
3.00%,
10/15/2027
610‌
648‌
3.38%,
07/29/2049
645‌
687‌
3.60%,
08/13/2042
400‌
437‌
$
18,273‌
Biotechnology
-
0.28%
Amgen
Inc
2.25%,
08/19/2023
60‌
60‌
2.65%,
05/11/2022
50‌
51‌
3.88%,
11/15/2021
500‌
515‌
4.10%,
06/15/2021
1,000‌
1,027‌
4.66%,
06/15/2051
390‌
461‌
5.15%,
11/15/2041
225‌
274‌
5.75%,
03/15/2040
530‌
670‌
Baxalta
Inc
5.25%,
06/23/2045
250‌
324‌
Biogen
Inc
4.05%,
09/15/2025
160‌
174‌
5.20%,
09/15/2045
30‌
36‌
Gilead
Sciences
Inc
1.95%,
03/01/2022
300‌
300‌
2.95%,
03/01/2027
240‌
248‌
3.50%,
02/01/2025
75‌
79‌
3.65%,
03/01/2026
75‌
81‌
3.70%,
04/01/2024
1,175‌
1,245‌
4.15%,
03/01/2047
25‌
28‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
8
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Biotechnology
(continued)
Gilead
Sciences
Inc  
(continued)
4.60%,
09/01/2035
$
590‌
$
704‌
4.75%,
03/01/2046
425‌
513‌
$
6,790‌
Building
Materials
-
0.03%
Johnson
Controls
International
plc
5.13%,
09/14/2045
47‌
55‌
Masco
Corp
4.45%,
04/01/2025
300‌
325‌
Owens
Corning
4.30%,
07/15/2047
300‌
284‌
$
664‌
Chemicals
-
0.40%
Dow
Chemical
Co/The
3.00%,
11/15/2022
25‌
26‌
3.50%,
10/01/2024
250‌
262‌
4.38%,
11/15/2042
610‌
642‌
9.40%,
05/15/2039
380‌
624‌
DuPont
de
Nemours
Inc
4.21%,
11/15/2023
400‌
428‌
4.49%,
11/15/2025
250‌
275‌
5.32%,
11/15/2038
145‌
174‌
5.42%,
11/15/2048
185‌
230‌
Eastman
Chemical
Co
4.65%,
10/15/2044
75‌
81‌
Ecolab
Inc
5.50%,
12/08/2041
200‌
263‌
LYB
International
Finance
BV
4.88%,
03/15/2044
530‌
591‌
LYB
International
Finance
II
BV
3.50%,
03/02/2027
300‌
312‌
LYB
International
Finance
III
LLC
4.20%,
10/15/2049
160‌
164‌
Mosaic
Co/The
4.25%,
11/15/2023
300‌
320‌
5.45%,
11/15/2033
500‌
576‌
5.63%,
11/15/2043
25‌
29‌
Nutrien
Ltd
3.00%,
04/01/2025
150‌
153‌
3.63%,
03/15/2024
550‌
575‌
5.25%,
01/15/2045
300‌
351‌
Praxair
Inc
2.20%,
08/15/2022
350‌
352‌
Sasol
Financing
USA
LLC
5.88%,
03/27/2024
1,350‌
1,453‌
Sherwin-Williams
Co/The
2.75%,
06/01/2022
1,134‌
1,152‌
2.95%,
08/15/2029
300‌
303‌
3.80%,
08/15/2049
125‌
128‌
Westlake
Chemical
Corp
5.00%,
08/15/2046
350‌
379‌
$
9,843‌
Commercial
Mortgage
Backed
Securities
-
1.57%
BANK
2018-BNK13
4.22%,
08/15/2061
(h)
1,250‌
1,408‌
CFCRE
Commercial
Mortgage
Trust
2017-C8
3.57%,
06/15/2050
1,000‌
1,062‌
Citigroup
Commercial
Mortgage
Trust
2013-GC15
4.37%,
09/10/2046
(h)
500‌
537‌
Citigroup
Commercial
Mortgage
Trust
2015-GC33
3.52%,
09/10/2058
1,000‌
1,059‌
COMM
2012-CCRE2
Mortgage
Trust
3.79%,
08/15/2045
200‌
206‌
COMM
2012-CCRE4
Mortgage
Trust
3.25%,
10/15/2045
500‌
501‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Mortgage
Backed
Securities
(continued)
COMM
2014-CCRE15
Mortgage
Trust
4.07%,
02/10/2047
(h)
$
500‌
$
535‌
COMM
2014-CCRE20
Mortgage
Trust
3.59%,
11/10/2047
302‌
320‌
COMM
2014-LC15
Mortgage
Trust
4.20%,
04/10/2047
350‌
374‌
COMM
2014-UBS3
Mortgage
Trust
3.82%,
06/10/2047
550‌
584‌
COMM
2015-DC1
Mortgage
Trust
3.08%,
02/10/2048
500‌
515‌
COMM
2015-LC19
Mortgage
Trust
3.18%,
02/10/2048
500‌
520‌
COMM
2015-PC1
Mortgage
Trust
3.90%,
07/10/2050
885‌
950‌
COMM
2016-CR28
Mortgage
Trust
3.76%,
02/10/2049
2,000‌
2,149‌
Fannie
Mae-Aces
2.30%,
09/25/2022
(h)
373‌
376‌
2.48%,
04/25/2022
310‌
313‌
2.51%,
11/25/2022
(h)
952‌
966‌
2.72%,
04/25/2023
(h)
99‌
100‌
2.92%,
04/25/2025
(h)
800‌
828‌
2.94%,
01/25/2026
(h)
1,601‌
1,664‌
3.08%,
12/25/2027
(h)
1,000‌
1,053‌
3.22%,
08/25/2024
(h)
909‌
952‌
3.50%,
07/25/2028
(h)
1,000‌
1,080‌
3.75%,
11/25/2028
(h)
250‌
276‌
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
2.87%,
12/25/2021
327‌
332‌
3.02%,
02/25/2023
52‌
53‌
3.06%,
07/25/2023
(h)
150‌
156‌
3.17%,
10/25/2024
1,000‌
1,053‌
3.21%,
03/25/2025
1,248‌
1,319‌
3.24%,
04/25/2027
250‌
268‌
3.30%,
04/25/2023
(h)
500‌
521‌
3.41%,
12/25/2026
2,000‌
2,158‌
3.92%,
09/25/2028
(h)
1,000‌
1,121‌
GS
Mortgage
Securities
Trust
2011-GC5
3.71%,
08/10/2044
375‌
381‌
GS
Mortgage
Securities
Trust
2013-GCJ14
4.24%,
08/10/2046
50‌
53‌
GS
Mortgage
Securities
Trust
2015-GC28
3.40%,
02/10/2048
600‌
631‌
GS
Mortgage
Securities
Trust
2016-GS2
3.05%,
05/10/2049
1,000‌
1,039‌
JPMBB
Commercial
Mortgage
Securities
Trust
2013-C14
4.41%,
08/15/2046
(h)
500‌
530‌
JPMBB
Commercial
Mortgage
Securities
Trust
2014-C18
4.08%,
02/15/2047
50‌
54‌
JPMBB
Commercial
Mortgage
Securities
Trust
2014-C19
3.67%,
04/15/2047
500‌
510‌
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
2013-C11
4.30%,
08/15/2046
(h)
1,130‌
1,203‌
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
2013-C12
4.26%,
10/15/2046
(h)
500‌
535‌
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
2014-C15
4.05%,
04/15/2047
580‌
620‌
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
2015-C20
3.25%,
02/15/2048
500‌
522‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
9
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Mortgage
Backed
Securities
(continued)
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
2015-C21
3.15%,
03/15/2048
$
575‌
$
590‌
Morgan
Stanley
Capital
I
Trust
2017-H1
3.26%,
06/15/2050
2,000‌
2,096‌
SG
Commercial
Mortgage
Securities
Trust
2016-C5
3.06%,
10/10/2048
950‌
982‌
UBS
Commercial
Mortgage
Trust
2012-C1
3.40%,
05/10/2045
65‌
66‌
UBS
Commercial
Mortgage
Trust
2018-C12
4.30%,
08/15/2051
2,000‌
2,260‌
UBS-Barclays
Commercial
Mortgage
Trust
2012-C3
3.09%,
08/10/2049
50‌
51‌
UBS-Barclays
Commercial
Mortgage
Trust
2012-C4
2.85%,
12/10/2045
100‌
102‌
WFRBS
Commercial
Mortgage
Trust
2012-C7
2.30%,
06/15/2045
107‌
106‌
WFRBS
Commercial
Mortgage
Trust
2013-C14
3.34%,
06/15/2046
500‌
518‌
WFRBS
Commercial
Mortgage
Trust
2014-C20
4.00%,
05/15/2047
500‌
535‌
$
38,693‌
Commercial
Services
-
0.18%
California
Institute
of
Technology
4.32%,
08/01/2045
50‌
63‌
4.70%,
11/01/2111
250‌
322‌
Global
Payments
Inc
2.65%,
02/15/2025
140‌
140‌
3.20%,
08/15/2029
140‌
142‌
3.80%,
04/01/2021
500‌
510‌
4.15%,
08/15/2049
70‌
73‌
4.80%,
04/01/2026
560‌
624‌
IHS
Markit
Ltd
3.63%,
05/01/2024
223‌
233‌
Massachusetts
Institute
of
Technology
3.89%,
07/01/2116
375‌
432‌
3.96%,
07/01/2038
185‌
213‌
4.68%,
07/01/2114
100‌
135‌
Moody's
Corp
4.50%,
09/01/2022
500‌
530‌
5.25%,
07/15/2044
90‌
117‌
PayPal
Holdings
Inc
2.20%,
09/26/2022
145‌
146‌
2.40%,
10/01/2024
145‌
145‌
2.85%,
10/01/2029
145‌
145‌
S&P
Global
Inc
2.50%,
12/01/2029
55‌
55‌
3.25%,
12/01/2049
55‌
56‌
4.00%,
06/15/2025
350‌
380‌
University
of
Southern
California
5.25%,
10/01/2111
20‌
30‌
$
4,491‌
Computers
-
0.70%
Apple
Inc
1.70%,
09/11/2022
455‌
454‌
1.80%,
09/11/2024
345‌
342‌
2.20%,
09/11/2029
180‌
178‌
2.25%,
02/23/2021
625‌
628‌
2.40%,
01/13/2023
75‌
76‌
2.40%,
05/03/2023
75‌
76‌
2.45%,
08/04/2026
750‌
762‌
2.50%,
02/09/2022
105‌
106‌
2.85%,
02/23/2023
785‌
806‌
2.90%,
09/12/2027
410‌
428‌
2.95%,
09/11/2049
140‌
136‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Computers
(continued)
Apple
Inc  
(continued)
3.00%,
11/13/2027
$
300‌
$
314‌
3.20%,
05/13/2025
595‌
628‌
3.20%,
05/11/2027
110‌
117‌
3.25%,
02/23/2026
825‌
876‌
3.35%,
02/09/2027
390‌
417‌
3.45%,
02/09/2045
375‌
397‌
3.75%,
09/12/2047
275‌
307‌
3.75%,
11/13/2047
195‌
218‌
3.85%,
05/04/2043
550‌
616‌
4.38%,
05/13/2045
80‌
97‌
4.65%,
02/23/2046
170‌
214‌
Dell
International
LLC
/
EMC
Corp
4.00%,
07/15/2024
(d)
300‌
313‌
4.42%,
06/15/2021
(d)
800‌
824‌
4.90%,
10/01/2026
(d)
300‌
326‌
5.30%,
10/01/2029
(d)
300‌
332‌
5.45%,
06/15/2023
(d)
105‌
114‌
6.02%,
06/15/2026
(d)
300‌
343‌
8.10%,
07/15/2036
(d)
370‌
478‌
8.35%,
07/15/2046
(d)
245‌
329‌
DXC
Technology
Co
4.75%,
04/15/2027
100‌
105‌
Hewlett
Packard
Enterprise
Co
2.25%,
04/01/2023
140‌
139‌
4.90%,
10/15/2025
200‌
222‌
6.20%,
10/15/2035
75‌
90‌
6.35%,
10/15/2045
255‌
304‌
HP
Inc
6.00%,
09/15/2041
355‌
395‌
International
Business
Machines
Corp
2.25%,
02/19/2021
140‌
141‌
2.50%,
01/27/2022
500‌
505‌
2.85%,
05/13/2022
500‌
509‌
3.00%,
05/15/2024
580‌
600‌
3.30%,
05/15/2026
500‌
526‌
3.45%,
02/19/2026
800‌
852‌
3.50%,
05/15/2029
500‌
539‌
4.00%,
06/20/2042
400‌
444‌
4.15%,
05/15/2039
195‌
221‌
4.25%,
05/15/2049
290‌
333‌
4.70%,
02/19/2046
145‌
175‌
$
17,352‌
Consumer
Products
-
0.04%
Church
&
Dwight
Co
Inc
3.95%,
08/01/2047
200‌
220‌
Clorox
Co/The
3.80%,
11/15/2021
30‌
31‌
Kimberly-Clark
Corp
2.40%,
03/01/2022
30‌
30‌
2.75%,
02/15/2026
600‌
620‌
$
901‌
Cosmetics
&
Personal
Care
-
0.13%
Colgate-Palmolive
Co
2.45%,
11/15/2021
500‌
506‌
Estee
Lauder
Cos
Inc/The
2.00%,
12/01/2024
235‌
235‌
2.38%,
12/01/2029
235‌
235‌
Procter
&
Gamble
Co/The
1.70%,
11/03/2021
500‌
500‌
2.30%,
02/06/2022
500‌
507‌
2.45%,
11/03/2026
75‌
77‌
Unilever
Capital
Corp
2.13%,
09/06/2029
500‌
488‌
2.60%,
05/05/2024
200‌
205‌
4.25%,
02/10/2021
500‌
514‌
$
3,267‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
10
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Credit
Card
Asset
Backed
Securities
-
0.28%
American
Express
Credit
Account
Master
Trust
1.93%,
09/15/2022
$
1,025‌
$
1,025‌
BA
Credit
Card
Trust
2.70%,
07/17/2023
1,675‌
1,692‌
Barclays
Dryrock
Issuance
Trust
2.20%,
12/15/2022
760‌
760‌
Capital
One
Multi-Asset
Execution
Trust
2.84%,
12/15/2024
1,000‌
1,022‌
Citibank
Credit
Card
Issuance
Trust
2.88%,
01/23/2023
605‌
612‌
Discover
Card
Execution
Note
Trust
2.39%,
07/15/2024
1,150‌
1,163‌
Synchrony
Credit
Card
Master
Note
Trust
2.21%,
05/15/2024
250‌
251‌
2.97%,
03/15/2024
445‌
450‌
$
6,975‌
Distribution
&
Wholesale
-
0.02%
WW
Grainger
Inc
4.60%,
06/15/2045
500‌
602‌
Diversified
Financial
Services
-
0.90%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
2.88%,
08/14/2024
1,610‌
1,623‌
3.95%,
02/01/2022
200‌
207‌
Air
Lease
Corp
2.25%,
01/15/2023
195‌
194‌
2.50%,
03/01/2021
100‌
100‌
3.25%,
10/01/2029
685‌
680‌
Ally
Financial
Inc
8.00%,
11/01/2031
520‌
717‌
American
Express
Co
2.50%,
08/01/2022
1,075‌
1,087‌
2.50%,
07/30/2024
220‌
222‌
2.65%,
12/02/2022
75‌
76‌
2.75%,
05/20/2022
300‌
305‌
3.00%,
02/22/2021
800‌
810‌
4.05%,
12/03/2042
600‌
706‌
American
Express
Credit
Corp
2.70%,
03/03/2022
75‌
76‌
Ameriprise
Financial
Inc
4.00%,
10/15/2023
775‌
827‌
BlackRock
Inc
3.38%,
06/01/2022
30‌
31‌
4.25%,
05/24/2021
500‌
518‌
Brookfield
Finance
Inc
4.85%,
03/29/2029
500‌
571‌
Capital
One
Financial
Corp
3.20%,
02/05/2025
60‌
62‌
3.30%,
10/30/2024
75‌
78‌
3.50%,
06/15/2023
40‌
41‌
4.25%,
04/30/2025
1,250‌
1,358‌
4.75%,
07/15/2021
400‌
417‌
Charles
Schwab
Corp/The
3.00%,
03/10/2025
300‌
312‌
CME
Group
Inc
3.00%,
09/15/2022
50‌
51‌
3.00%,
03/15/2025
575‌
600‌
Discover
Financial
Services
4.10%,
02/09/2027
75‌
80‌
GE
Capital
International
Funding
Co
Unlimited
Co
3.37%,
11/15/2025
1,075‌
1,111‌
4.42%,
11/15/2035
2,375‌
2,556‌
Intercontinental
Exchange
Inc
2.75%,
12/01/2020
500‌
504‌
3.75%,
12/01/2025
75‌
81‌
4.00%,
10/15/2023
25‌
27‌
4.25%,
09/21/2048
105‌
125‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Diversified
Financial
Services
(continued)
International
Lease
Finance
Corp
8.25%,
12/15/2020
$
300‌
$
318‌
Jefferies
Group
LLC
6.88%,
04/15/2021
280‌
296‌
Jefferies
Group
LLC
/
Jefferies
Group
Capital
Finance
Inc
4.15%,
01/23/2030
490‌
505‌
Lazard
Group
LLC
4.50%,
09/19/2028
300‌
330‌
Legg
Mason
Inc
4.75%,
03/15/2026
500‌
547‌
5.63%,
01/15/2044
25‌
28‌
Mastercard
Inc
2.00%,
03/03/2025
(i)
270‌
270‌
2.95%,
11/21/2026
300‌
315‌
3.38%,
04/01/2024
150‌
159‌
Private
Export
Funding
Corp
2.80%,
05/15/2022
500‌
512‌
Synchrony
Financial
4.25%,
08/15/2024
290‌
306‌
4.50%,
07/23/2025
575‌
616‌
Visa
Inc
2.20%,
12/14/2020
375‌
376‌
2.75%,
09/15/2027
95‌
99‌
2.80%,
12/14/2022
75‌
77‌
3.15%,
12/14/2025
470‌
498‌
3.65%,
09/15/2047
500‌
563‌
4.15%,
12/14/2035
305‌
363‌
$
22,331‌
Electric
-
1.84%
AEP
Texas
Inc
3.95%,
06/01/2028
400‌
438‌
Alabama
Power
Co
4.30%,
07/15/2048
440‌
525‌
Ameren
Illinois
Co
2.70%,
09/01/2022
530‌
541‌
3.25%,
03/15/2050
75‌
77‌
Arizona
Public
Service
Co
4.35%,
11/15/2045
400‌
464‌
Baltimore
Gas
&
Electric
Co
3.20%,
09/15/2049
315‌
310‌
Berkshire
Hathaway
Energy
Co
3.75%,
11/15/2023
750‌
793‌
3.80%,
07/15/2048
125‌
136‌
6.13%,
04/01/2036
450‌
623‌
CenterPoint
Energy
Houston
Electric
LLC
4.25%,
02/01/2049
300‌
362‌
CenterPoint
Energy
Inc
2.50%,
09/01/2024
60‌
60‌
2.95%,
03/01/2030
100‌
99‌
3.70%,
09/01/2049
60‌
60‌
Commonwealth
Edison
Co
4.70%,
01/15/2044
150‌
185‌
Connecticut
Light
&
Power
Co/The
3.20%,
03/15/2027
140‌
149‌
Consolidated
Edison
Co
of
New
York
Inc
3.70%,
11/15/2059
80‌
83‌
3.88%,
06/15/2047
300‌
329‌
4.30%,
12/01/2056
445‌
505‌
6.75%,
04/01/2038
530‌
772‌
Consumers
Energy
Co
3.10%,
08/15/2050
205‌
207‌
Dominion
Energy
Inc
4.05%,
09/15/2042
500‌
527‌
Dominion
Energy
South
Carolina
Inc
5.45%,
02/01/2041
540‌
705‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
11
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
DTE
Electric
Co
3.70%,
03/15/2045
$
200‌
$
221‌
3.95%,
03/01/2049
300‌
349‌
DTE
Energy
Co
2.25%,
11/01/2022
145‌
145‌
3.50%,
06/01/2024
500‌
520‌
Duke
Energy
Carolinas
LLC
2.45%,
08/15/2029
(e)
175‌
176‌
3.20%,
08/15/2049
200‌
199‌
4.00%,
09/30/2042
280‌
315‌
5.30%,
02/15/2040
250‌
325‌
6.00%,
12/01/2028
500‌
628‌
Duke
Energy
Corp
1.80%,
09/01/2021
500‌
498‌
2.65%,
09/01/2026
90‌
91‌
3.15%,
08/15/2027
90‌
93‌
Duke
Energy
Florida
LLC
2.50%,
12/01/2029
125‌
126‌
3.20%,
01/15/2027
500‌
525‌
3.40%,
10/01/2046
200‌
206‌
Duke
Energy
Progress
LLC
3.60%,
09/15/2047
610‌
655‌
4.38%,
03/30/2044
400‌
471‌
Emera
US
Finance
LP
3.55%,
06/15/2026
300‌
313‌
4.75%,
06/15/2046
75‌
88‌
Entergy
Louisiana
LLC
3.12%,
09/01/2027
300‌
314‌
3.25%,
04/01/2028
500‌
527‌
Entergy
Texas
Inc
4.00%,
03/30/2029
300‌
332‌
Evergy
Inc
2.45%,
09/15/2024
140‌
140‌
4.85%,
06/01/2021
30‌
31‌
Evergy
Metro
Inc
4.13%,
04/01/2049
400‌
462‌
Exelon
Corp
3.40%,
04/15/2026
1,840‌
1,923‌
3.50%,
06/01/2022
90‌
92‌
4.95%,
06/15/2035
320‌
374‌
5.15%,
12/01/2020
500‌
511‌
Exelon
Generation
Co
LLC
4.25%,
06/15/2022
500‌
521‌
FirstEnergy
Corp
3.90%,
07/15/2027
735‌
786‌
4.85%,
07/15/2047
475‌
564‌
7.38%,
11/15/2031
60‌
84‌
Florida
Power
&
Light
Co
2.75%,
06/01/2023
500‌
513‌
3.15%,
10/01/2049
180‌
183‌
3.70%,
12/01/2047
70‌
78‌
4.05%,
10/01/2044
145‌
168‌
5.65%,
02/01/2037
250‌
335‌
Fortis
Inc/Canada
3.06%,
10/04/2026
310‌
319‌
Georgia
Power
Co
2.20%,
09/15/2024
140‌
139‌
3.25%,
03/30/2027
750‌
778‌
Hydro-Quebec
8.05%,
07/07/2024
530‌
670‌
MidAmerican
Energy
Co
3.15%,
04/15/2050
145‌
147‌
3.65%,
04/15/2029
300‌
329‌
Mississippi
Power
Co
4.25%,
03/15/2042
30‌
33‌
National
Rural
Utilities
Cooperative
Finance
Corp
2.85%,
01/27/2025
100‌
103‌
3.05%,
02/15/2022
530‌
540‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
NextEra
Energy
Capital
Holdings
Inc
2.40%,
09/01/2021
$
765‌
$
769‌
2.75%,
11/01/2029
105‌
105‌
3.55%,
05/01/2027
475‌
507‌
5.65%,
05/01/2079
(f)
350‌
387‌
3
Month
USD
LIBOR
+
3.16%
Northern
States
Power
Co/MN
2.90%,
03/01/2050
70‌
68‌
5.35%,
11/01/2039
30‌
40‌
NSTAR
Electric
Co
2.38%,
10/15/2022
500‌
505‌
3.20%,
05/15/2027
300‌
316‌
Oncor
Electric
Delivery
Co
LLC
3.10%,
09/15/2049
195‌
195‌
5.25%,
09/30/2040
530‌
686‌
PacifiCorp
6.00%,
01/15/2039
500‌
693‌
PECO
Energy
Co
2.38%,
09/15/2022
330‌
334‌
3.70%,
09/15/2047
297‌
325‌
4.15%,
10/01/2044
400‌
466‌
Potomac
Electric
Power
Co
3.60%,
03/15/2024
30‌
32‌
PPL
Capital
Funding
Inc
3.50%,
12/01/2022
700‌
722‌
PPL
Electric
Utilities
Corp
3.00%,
10/01/2049
70‌
67‌
3.95%,
06/01/2047
300‌
338‌
Progress
Energy
Inc
3.15%,
04/01/2022
40‌
41‌
7.75%,
03/01/2031
500‌
707‌
PSEG
Power
LLC
8.63%,
04/15/2031
300‌
422‌
Public
Service
Co
of
Colorado
3.70%,
06/15/2028
200‌
220‌
3.80%,
06/15/2047
400‌
449‌
Public
Service
Electric
&
Gas
Co
3.25%,
09/01/2023
200‌
209‌
3.65%,
09/01/2028
200‌
219‌
Puget
Energy
Inc
6.00%,
09/01/2021
500‌
532‌
Puget
Sound
Energy
Inc
3.25%,
09/15/2049
700‌
706‌
San
Diego
Gas
&
Electric
Co
4.50%,
08/15/2040
350‌
397‌
Sempra
Energy
4.00%,
02/01/2048
70‌
73‌
6.00%,
10/15/2039
394‌
511‌
Southern
California
Edison
Co
2.85%,
08/01/2029
100‌
101‌
4.00%,
04/01/2047
70‌
74‌
4.65%,
10/01/2043
915‌
1,039‌
5.50%,
03/15/2040
350‌
427‌
5.95%,
02/01/2038
30‌
38‌
Southern
Co/The
2.35%,
07/01/2021
430‌
432‌
2.95%,
07/01/2023
105‌
107‌
4.40%,
07/01/2046
1,350‌
1,516‌
Southern
Power
Co
2.50%,
12/15/2021
300‌
302‌
4.95%,
12/15/2046
300‌
336‌
Southwestern
Electric
Power
Co
3.85%,
02/01/2048
300‌
314‌
4.10%,
09/15/2028
500‌
550‌
6.20%,
03/15/2040
390‌
520‌
Southwestern
Public
Service
Co
4.50%,
08/15/2041
300‌
352‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
12
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Tampa
Electric
Co
4.45%,
06/15/2049
$
300‌
$
362‌
Union
Electric
Co
3.65%,
04/15/2045
500‌
537‌
Virginia
Electric
&
Power
Co
2.88%,
07/15/2029
495‌
506‌
3.15%,
01/15/2026
775‌
809‌
3.30%,
12/01/2049
(i)
560‌
567‌
WEC
Energy
Group
Inc
3.55%,
06/15/2025
70‌
74‌
Xcel
Energy
Inc
2.60%,
12/01/2029
140‌
139‌
4.00%,
06/15/2028
300‌
330‌
$
45,363‌
Electronics
-
0.03%
Arrow
Electronics
Inc
4.50%,
03/01/2023
30‌
32‌
Honeywell
International
Inc
2.15%,
08/08/2022
70‌
70‌
2.30%,
08/15/2024
595‌
602‌
2.70%,
08/15/2029
70‌
72‌
Tyco
Electronics
Group
SA
7.13%,
10/01/2037
37‌
54‌
$
830‌
Environmental
Control
-
0.09%
Republic
Services
Inc
2.50%,
08/15/2024
515‌
520‌
2.90%,
07/01/2026
535‌
548‌
Waste
Management
Inc
3.50%,
05/15/2024
1,000‌
1,054‌
4.15%,
07/15/2049
155‌
180‌
$
2,302‌
Finance
-
Mortgage
Loan/Banker
-
0.88%
Fannie
Mae
1.25%,
05/06/2021
300‌
298‌
1.38%,
02/26/2021
250‌
249‌
1.38%,
09/06/2022
300‌
298‌
1.88%,
12/28/2020
150‌
150‌
2.00%,
01/05/2022
500‌
504‌
2.13%,
04/24/2026
1,000‌
1,020‌
2.25%,
04/12/2022
500‌
507‌
2.50%,
02/05/2024
500‌
516‌
2.63%,
01/11/2022
500‌
510‌
2.63%,
09/06/2024
1,550‌
1,617‌
5.63%,
07/15/2037
65‌
96‌
6.63%,
11/15/2030
500‌
723‌
7.13%,
01/15/2030
250‌
367‌
7.25%,
05/15/2030
249‌
371‌
Federal
Home
Loan
Banks
1.13%,
07/14/2021
950‌
943‌
1.38%,
02/18/2021
3,500‌
3,488‌
1.88%,
11/29/2021
1,250‌
1,256‌
2.50%,
02/13/2024
500‌
517‌
3.00%,
10/12/2021
1,500‌
1,537‌
3.25%,
11/16/2028
1,000‌
1,106‌
5.50%,
07/15/2036
530‌
764‌
5.63%,
06/11/2021
65‌
69‌
Freddie
Mac
2.38%,
02/16/2021
1,750‌
1,766‌
2.38%,
01/13/2022
1,250‌
1,268‌
2.75%,
06/19/2023
1,000‌
1,038‌
6.25%,
07/15/2032
500‌
730‌
6.75%,
03/15/2031
43‌
63‌
$
21,771‌
Food
-
0.36%
Campbell
Soup
Co
3.95%,
03/15/2025
565‌
599‌
4.15%,
03/15/2028
185‌
200‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Food
(continued)
Conagra
Brands
Inc
4.30%,
05/01/2024
$
500‌
$
536‌
4.85%,
11/01/2028
140‌
159‌
5.30%,
11/01/2038
85‌
99‌
5.40%,
11/01/2048
85‌
101‌
General
Mills
Inc
3.15%,
12/15/2021
30‌
31‌
3.70%,
10/17/2023
475‌
501‌
4.00%,
04/17/2025
75‌
81‌
4.20%,
04/17/2028
150‌
167‌
JM
Smucker
Co/The
3.00%,
03/15/2022
300‌
306‌
4.25%,
03/15/2035
300‌
326‌
Kellogg
Co
2.65%,
12/01/2023
384‌
391‌
Koninklijke
Ahold
Delhaize
NV
5.70%,
10/01/2040
9‌
11‌
Kraft
Heinz
Foods
Co
3.00%,
06/01/2026
285‌
284‌
3.50%,
06/06/2022
500‌
517‌
3.50%,
07/15/2022
250‌
257‌
3.75%,
04/01/2030
(d)
145‌
148‌
3.95%,
07/15/2025
120‌
126‌
4.38%,
06/01/2046
345‌
336‌
5.00%,
07/15/2035
75‌
82‌
5.00%,
06/04/2042
195‌
207‌
5.20%,
07/15/2045
225‌
243‌
6.50%,
02/09/2040
105‌
128‌
6.88%,
01/26/2039
20‌
25‌
Kroger
Co/The
2.95%,
11/01/2021
500‌
508‌
4.45%,
02/01/2047
25‌
27‌
4.65%,
01/15/2048
300‌
329‌
5.15%,
08/01/2043
300‌
342‌
5.40%,
07/15/2040
30‌
35‌
Sysco
Corp
3.30%,
07/15/2026
500‌
526‌
Tyson
Foods
Inc
3.55%,
06/02/2027
75‌
80‌
4.35%,
03/01/2029
675‌
765‌
4.88%,
08/15/2034
350‌
421‌
$
8,894‌
Forest
Products
&
Paper
-
0.09%
Fibria
Overseas
Finance
Ltd
5.50%,
01/17/2027
300‌
327‌
Georgia-Pacific
LLC
7.75%,
11/15/2029
20‌
29‌
8.00%,
01/15/2024
400‌
489‌
International
Paper
Co
3.65%,
06/15/2024
250‌
263‌
4.40%,
08/15/2047
350‌
372‌
7.30%,
11/15/2039
326‌
453‌
Suzano
Austria
GmbH
5.00%,
01/15/2030
350‌
361‌
$
2,294‌
Gas
-
0.10%
Atmos
Energy
Corp
3.38%,
09/15/2049
145‌
150‌
4.13%,
10/15/2044
250‌
292‌
Dominion
Energy
Gas
Holdings
LLC
2.50%,
11/15/2024
150‌
150‌
4.60%,
12/15/2044
200‌
222‌
NiSource
Inc
4.38%,
05/15/2047
630‌
705‌
Southern
California
Gas
Co
3.15%,
09/15/2024
500‌
523‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
13
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Gas
(continued)
Washington
Gas
Light
Co
3.80%,
09/15/2046
$
500‌
$
523‌
$
2,565‌
Hand
&
Machine
Tools
-
0.03%
Snap-on
Inc
3.25%,
03/01/2027
500‌
525‌
Stanley
Black
&
Decker
Inc
3.40%,
12/01/2021
250‌
256‌
$
781‌
Healthcare
-
Products
-
0.35%
Abbott
Laboratories
2.90%,
11/30/2021
460‌
468‌
3.75%,
11/30/2026
327‌
359‌
4.75%,
04/15/2043
300‌
379‌
4.90%,
11/30/2046
400‌
531‌
Baxter
International
Inc
2.60%,
08/15/2026
400‌
402‌
Becton
Dickinson
and
Co
3.73%,
12/15/2024
831‌
880‌
4.67%,
06/06/2047
155‌
187‌
4.69%,
12/15/2044
59‌
70‌
Boston
Scientific
Corp
3.85%,
05/15/2025
484‌
521‌
Danaher
Corp
4.38%,
09/15/2045
300‌
357‌
DH
Europe
Finance
II
Sarl
2.05%,
11/15/2022
150‌
150‌
2.60%,
11/15/2029
150‌
151‌
3.25%,
11/15/2039
150‌
152‌
Koninklijke
Philips
NV
5.00%,
03/15/2042
30‌
36‌
Medtronic
Inc
3.15%,
03/15/2022
421‌
433‌
3.50%,
03/15/2025
394‌
422‌
4.38%,
03/15/2035
222‌
266‌
4.63%,
03/15/2045
86‌
110‌
Stryker
Corp
3.38%,
11/01/2025
75‌
79‌
3.50%,
03/15/2026
575‌
612‌
4.38%,
05/15/2044
25‌
29‌
Thermo
Fisher
Scientific
Inc
2.60%,
10/01/2029
145‌
143‌
2.95%,
09/19/2026
300‌
309‌
4.15%,
02/01/2024
600‌
644‌
Zimmer
Biomet
Holdings
Inc
3.15%,
04/01/2022
275‌
280‌
3.55%,
04/01/2025
575‌
604‌
$
8,574‌
Healthcare
-
Services
-
0.56%
Advocate
Health
&
Hospitals
Corp
3.83%,
08/15/2028
300‌
330‌
Aetna
Inc
2.75%,
11/15/2022
250‌
254‌
2.80%,
06/15/2023
50‌
51‌
3.88%,
08/15/2047
60‌
61‌
6.63%,
06/15/2036
253‌
340‌
6.75%,
12/15/2037
205‌
277‌
AHS
Hospital
Corp
5.02%,
07/01/2045
400‌
510‌
Anthem
Inc
2.88%,
09/15/2029
220‌
219‌
3.50%,
08/15/2024
450‌
471‌
3.65%,
12/01/2027
360‌
380‌
4.10%,
03/01/2028
255‌
278‌
4.38%,
12/01/2047
300‌
329‌
4.65%,
01/15/2043
30‌
34‌
4.65%,
08/15/2044
650‌
732‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Services
(continued)
Baylor
Scott
&
White
Holdings
4.19%,
11/15/2045
$
125‌
$
144‌
Duke
University
Health
System
Inc
3.92%,
06/01/2047
300‌
344‌
HCA
Inc
4.75%,
05/01/2023
500‌
534‌
5.25%,
06/15/2026
970‌
1,084‌
Humana
Inc
3.13%,
08/15/2029
70‌
71‌
4.63%,
12/01/2042
500‌
562‌
Kaiser
Foundation
Hospitals
3.27%,
11/01/2049
225‌
227‌
Laboratory
Corp
of
America
Holdings
2.30%,
12/01/2024
300‌
298‌
2.95%,
12/01/2029
300‌
301‌
4.70%,
02/01/2045
250‌
281‌
Memorial
Sloan-Kettering
Cancer
Center
4.13%,
07/01/2052
150‌
179‌
4.20%,
07/01/2055
250‌
299‌
Northwell
Healthcare
Inc
3.98%,
11/01/2046
500‌
525‌
Providence
St
Joseph
Health
Obligated
Group
3.74%,
10/01/2047
250‌
274‌
Trinity
Health
Corp
4.13%,
12/01/2045
250‌
278‌
UnitedHealth
Group
Inc
2.38%,
08/15/2024
250‌
252‌
2.88%,
03/15/2023
250‌
256‌
2.88%,
08/15/2029
150‌
155‌
3.10%,
03/15/2026
250‌
263‌
3.50%,
08/15/2039
375‌
397‌
3.70%,
08/15/2049
300‌
322‌
3.75%,
07/15/2025
440‌
474‌
4.25%,
06/15/2048
110‌
128‌
4.45%,
12/15/2048
95‌
114‌
4.70%,
02/15/2021
500‌
513‌
4.75%,
07/15/2045
500‌
620‌
6.50%,
06/15/2037
500‌
717‌
$
13,878‌
Home
Furnishings
-
0.01%
Leggett
&
Platt
Inc
4.40%,
03/15/2029
250‌
273‌
Insurance
-
0.78%
Aflac
Inc
3.63%,
11/15/2024
300‌
320‌
Alleghany
Corp
4.90%,
09/15/2044
500‌
586‌
Allstate
Corp/The
3.28%,
12/15/2026
335‌
356‌
5.35%,
06/01/2033
350‌
442‌
American
International
Group
Inc
3.75%,
07/10/2025
75‌
80‌
3.90%,
04/01/2026
500‌
537‌
4.20%,
04/01/2028
485‌
535‌
4.25%,
03/15/2029
300‌
332‌
4.38%,
01/15/2055
300‌
328‌
4.50%,
07/16/2044
75‌
86‌
4.88%,
06/01/2022
955‌
1,022‌
5.75%,
04/01/2048
(f)
400‌
439‌
3
Month
USD
LIBOR
+
2.87%
Aon
Corp
2.20%,
11/15/2022
60‌
60‌
Aon
PLC
3.50%,
06/14/2024
250‌
262‌
4.75%,
05/15/2045
270‌
321‌
Athene
Holding
Ltd
4.13%,
01/12/2028
575‌
593‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
14
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
AXA
Equitable
Holdings
Inc
4.35%,
04/20/2028
$
140‌
$
150‌
5.00%,
04/20/2048
90‌
97‌
AXA
SA
8.60%,
12/15/2030
30‌
44‌
Berkshire
Hathaway
Finance
Corp
4.20%,
08/15/2048
180‌
212‌
4.25%,
01/15/2021
350‌
359‌
5.75%,
01/15/2040
25‌
35‌
Berkshire
Hathaway
Inc
2.75%,
03/15/2023
60‌
62‌
3.13%,
03/15/2026
275‌
290‌
3.75%,
08/15/2021
750‌
774‌
4.50%,
02/11/2043
350‌
427‌
Brown
&
Brown
Inc
4.50%,
03/15/2029
300‌
325‌
Chubb
Corp/The
6.50%,
05/15/2038
326‌
485‌
Chubb
INA
Holdings
Inc
2.70%,
03/13/2023
300‌
306‌
2.88%,
11/03/2022
500‌
514‌
CNA
Financial
Corp
5.75%,
08/15/2021
40‌
42‌
First
American
Financial
Corp
4.60%,
11/15/2024
300‌
322‌
Hartford
Financial
Services
Group
Inc/The
3.60%,
08/19/2049
140‌
142‌
Manulife
Financial
Corp
4.15%,
03/04/2026
300‌
332‌
Marsh
&
McLennan
Cos
Inc
4.38%,
03/15/2029
1,650‌
1,869‌
4.90%,
03/15/2049
110‌
140‌
MetLife
Inc
3.60%,
11/13/2025
400‌
430‌
4.05%,
03/01/2045
450‌
512‌
4.13%,
08/13/2042
250‌
283‌
4.60%,
05/13/2046
195‌
238‌
4.88%,
11/13/2043
50‌
62‌
6.40%,
12/15/2066
430‌
527‌
3
Month
USD
LIBOR
+
2.21%
Progressive
Corp/The
3.75%,
08/23/2021
30‌
31‌
4.20%,
03/15/2048
400‌
470‌
4.35%,
04/25/2044
30‌
35‌
Prudential
Financial
Inc
3.70%,
03/13/2051
185‌
192‌
3.91%,
12/07/2047
570‌
617‌
4.35%,
02/25/2050
565‌
654‌
5.20%,
03/15/2044
(f)
400‌
425‌
3
Month
USD
LIBOR
+
3.04%
5.70%,
12/14/2036
280‌
377‌
Reinsurance
Group
of
America
Inc
4.70%,
09/15/2023
30‌
33‌
Travelers
Cos
Inc/The
4.00%,
05/30/2047
430‌
495‌
Voya
Financial
Inc
3.65%,
06/15/2026
335‌
354‌
Willis
North
America
Inc
2.95%,
09/15/2029
50‌
49‌
3.88%,
09/15/2049
140‌
138‌
$
19,148‌
Internet
-
0.26%
Alibaba
Group
Holding
Ltd
3.40%,
12/06/2027
260‌
270‌
3.60%,
11/28/2024
1,325‌
1,392‌
4.40%,
12/06/2057
240‌
274‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Internet
(continued)
Alphabet
Inc
2.00%,
08/15/2026
$
500‌
$
498‌
3.63%,
05/19/2021
40‌
41‌
Amazon.com
Inc
2.40%,
02/22/2023
300‌
305‌
2.50%,
11/29/2022
75‌
76‌
2.80%,
08/22/2024
75‌
78‌
3.15%,
08/22/2027
485‌
515‌
3.80%,
12/05/2024
75‌
81‌
3.88%,
08/22/2037
1,005‌
1,145‌
4.25%,
08/22/2057
75‌
92‌
4.80%,
12/05/2034
350‌
435‌
Baidu
Inc
4.13%,
06/30/2025
650‌
691‌
eBay
Inc
2.60%,
07/15/2022
450‌
454‌
3.45%,
08/01/2024
60‌
63‌
4.00%,
07/15/2042
20‌
20‌
$
6,430‌
Iron
&
Steel
-
0.09%
ArcelorMittal
SA
3.60%,
07/16/2024
525‌
535‌
4.25%,
07/16/2029
(e)
65‌
66‌
Nucor
Corp
4.00%,
08/01/2023
250‌
264‌
Vale
Overseas
Ltd
4.38%,
01/11/2022
300‌
311‌
6.25%,
08/10/2026
200‌
232‌
6.88%,
11/10/2039
550‌
697‌
$
2,105‌
Leisure
Products
&
Services
-
0.03%
Harley-Davidson
Inc
3.50%,
07/28/2025
300‌
313‌
Royal
Caribbean
Cruises
Ltd
5.25%,
11/15/2022
300‌
325‌
7.50%,
10/15/2027
100‌
128‌
$
766‌
Lodging
-
0.11%
Las
Vegas
Sands
Corp
3.20%,
08/08/2024
140‌
142‌
3.50%,
08/18/2026
70‌
71‌
3.90%,
08/08/2029
140‌
145‌
Marriott
International
Inc/MD
2.30%,
01/15/2022
350‌
351‌
2.88%,
03/01/2021
600‌
606‌
Sands
China
Ltd
5.13%,
08/08/2025
1,185‌
1,302‌
$
2,617‌
Machinery
-
Construction
&
Mining
-
0.07%
Caterpillar
Financial
Services
Corp
1.70%,
08/09/2021
250‌
249‌
1.90%,
09/06/2022
360‌
360‌
1.93%,
10/01/2021
500‌
500‌
Caterpillar
Inc
3.25%,
09/19/2049
145‌
148‌
3.40%,
05/15/2024
500‌
529‌
3.80%,
08/15/2042
50‌
56‌
$
1,842‌
Machinery
-
Diversified
-
0.13%
Cummins
Inc
4.88%,
10/01/2043
25‌
32‌
Deere
&
Co
2.88%,
09/07/2049
140‌
135‌
3.90%,
06/09/2042
500‌
570‌
Dover
Corp
5.38%,
03/01/2041
30‌
37‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
15
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Machinery
-
Diversified
(continued)
John
Deere
Capital
Corp
1.95%,
06/13/2022
$
865‌
$
866‌
2.25%,
09/14/2026
50‌
50‌
2.80%,
03/06/2023
500‌
514‌
2.80%,
07/18/2029
255‌
263‌
3.35%,
06/12/2024
300‌
317‌
Roper
Technologies
Inc
2.35%,
09/15/2024
90‌
90‌
2.95%,
09/15/2029
75‌
76‌
Westinghouse
Air
Brake
Technologies
Corp
4.95%,
09/15/2028
300‌
333‌
$
3,283‌
Media
-
0.93%
CBS
Corp
2.90%,
06/01/2023
1,000‌
1,020‌
4.20%,
06/01/2029
300‌
325‌
4.85%,
07/01/2042
300‌
333‌
7.88%,
07/30/2030
30‌
42‌
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
4.46%,
07/23/2022
1,075‌
1,128‌
4.80%,
03/01/2050
145‌
151‌
4.91%,
07/23/2025
70‌
77‌
5.38%,
04/01/2038
50‌
57‌
5.38%,
05/01/2047
575‌
640‌
5.75%,
04/01/2048
280‌
324‌
6.38%,
10/23/2035
1,030‌
1,285‌
Comcast
Cable
Communications
Holdings
Inc
9.46%,
11/15/2022
20‌
24‌
Comcast
Corp
2.35%,
01/15/2027
155‌
155‌
2.65%,
02/01/2030
115‌
116‌
2.75%,
03/01/2023
50‌
51‌
2.85%,
01/15/2023
25‌
26‌
3.13%,
07/15/2022
610‌
629‌
3.15%,
03/01/2026
75‌
79‌
3.15%,
02/15/2028
365‌
383‌
3.25%,
11/01/2039
230‌
234‌
3.38%,
02/15/2025
635‌
670‌
3.38%,
08/15/2025
300‌
318‌
3.45%,
02/01/2050
470‌
482‌
3.55%,
05/01/2028
225‌
243‌
3.70%,
04/15/2024
475‌
505‌
3.90%,
03/01/2038
290‌
322‌
3.97%,
11/01/2047
105‌
117‌
4.00%,
03/01/2048
200‌
224‌
4.00%,
11/01/2049
205‌
230‌
4.05%,
11/01/2052
90‌
102‌
4.15%,
10/15/2028
545‌
614‌
4.50%,
01/15/2043
25‌
30‌
4.60%,
08/15/2045
270‌
327‌
4.65%,
07/15/2042
75‌
91‌
4.70%,
10/15/2048
570‌
708‌
5.65%,
06/15/2035
500‌
656‌
6.40%,
03/01/2040
500‌
721‌
6.45%,
03/15/2037
620‌
881‌
Discovery
Communications
LLC
2.95%,
03/20/2023
75‌
76‌
3.95%,
06/15/2025
350‌
371‌
3.95%,
03/20/2028
500‌
528‌
5.00%,
09/20/2037
30‌
33‌
5.20%,
09/20/2047
385‌
438‌
6.35%,
06/01/2040
40‌
51‌
Fox
Corp
4.03%,
01/25/2024
(d)
300‌
319‌
4.71%,
01/25/2029
(d)
435‌
494‌
5.48%,
01/25/2039
(d)
110‌
135‌
5.58%,
01/25/2049
(d)
140‌
178‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
(continued)
Grupo
Televisa
SAB
5.00%,
05/13/2045
$
300‌
$
316‌
NBCUniversal
Media
LLC
2.88%,
01/15/2023
10‌
10‌
Thomson
Reuters
Corp
3.35%,
05/15/2026
400‌
414‌
5.85%,
04/15/2040
30‌
36‌
Time
Warner
Cable
LLC
4.00%,
09/01/2021
55‌
56‌
4.50%,
09/15/2042
665‌
666‌
5.88%,
11/15/2040
400‌
462‌
6.55%,
05/01/2037
50‌
61‌
7.30%,
07/01/2038
60‌
77‌
Time
Warner
Entertainment
Co
LP
8.38%,
07/15/2033
20‌
28‌
TWDC
Enterprises
18
Corp
2.75%,
08/16/2021
35‌
36‌
3.75%,
06/01/2021
525‌
540‌
7.00%,
03/01/2032
30‌
44‌
Viacom
Inc
3.88%,
12/15/2021
530‌
548‌
4.38%,
03/15/2043
400‌
413‌
Walt
Disney
Co/The
1.75%,
08/30/2024
285‌
282‌
2.00%,
09/01/2029
250‌
243‌
2.75%,
09/01/2049
285‌
274‌
3.38%,
11/15/2026
170‌
184‌
4.50%,
02/15/2021
500‌
515‌
4.75%,
11/15/2046
390‌
509‌
6.40%,
12/15/2035
179‌
260‌
$
22,917‌
Metal
Fabrication
&
Hardware
-
0.01%
Precision
Castparts
Corp
3.25%,
06/15/2025
75‌
79‌
3.90%,
01/15/2043
193‌
212‌
$
291‌
Mining
-
0.16%
Barrick
North
America
Finance
LLC
5.75%,
05/01/2043
280‌
362‌
BHP
Billiton
Finance
USA
Ltd
4.13%,
02/24/2042
170‌
199‌
5.00%,
09/30/2043
525‌
683‌
Newmont
Goldcorp
Corp
3.50%,
03/15/2022
500‌
514‌
3.63%,
06/09/2021
30‌
31‌
3.70%,
03/15/2023
500‌
520‌
6.25%,
10/01/2039
100‌
133‌
Rio
Tinto
Alcan
Inc
5.75%,
06/01/2035
400‌
520‌
6.13%,
12/15/2033
30‌
40‌
Rio
Tinto
Finance
USA
Ltd
3.75%,
06/15/2025
75‌
80‌
Southern
Copper
Corp
3.88%,
04/23/2025
500‌
523‌
5.88%,
04/23/2045
350‌
427‌
$
4,032‌
Miscellaneous
Manufacturers
-
0.29%
3M
Co
1.75%,
02/14/2023
585‌
581‌
2.00%,
02/14/2025
340‌
338‌
2.38%,
08/26/2029
990‌
978‌
3.25%,
08/26/2049
100‌
99‌
Eaton
Corp
2.75%,
11/02/2022
520‌
530‌
4.15%,
11/02/2042
95‌
108‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
16
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Miscellaneous
Manufacturers
(continued)
General
Electric
Co
2.70%,
10/09/2022
$
75‌
$
76‌
3.10%,
01/09/2023
75‌
77‌
3.15%,
09/07/2022
500‌
510‌
4.13%,
10/09/2042
3‌
3‌
4.63%,
01/07/2021
50‌
51‌
5.88%,
01/14/2038
420‌
515‌
6.15%,
08/07/2037
660‌
823‌
6.75%,
03/15/2032
310‌
402‌
Illinois
Tool
Works
Inc
2.65%,
11/15/2026
90‌
93‌
3.50%,
03/01/2024
540‌
571‌
Ingersoll-Rand
Luxembourg
Finance
SA
3.50%,
03/21/2026
250‌
261‌
Parker-Hannifin
Corp
3.30%,
11/21/2024
300‌
312‌
3.50%,
09/15/2022
30‌
31‌
4.10%,
03/01/2047
335‌
360‌
Textron
Inc
4.00%,
03/15/2026
500‌
532‌
$
7,251‌
Oil
&
Gas
-
1.62%
Apache
Corp
4.75%,
04/15/2043
280‌
260‌
BP
Capital
Markets
America
Inc
3.12%,
05/04/2026
110‌
115‌
3.25%,
05/06/2022
640‌
660‌
3.59%,
04/14/2027
200‌
214‌
3.79%,
02/06/2024
435‌
462‌
BP
Capital
Markets
PLC
2.50%,
11/06/2022
75‌
76‌
3.28%,
09/19/2027
115‌
121‌
3.51%,
03/17/2025
75‌
80‌
3.72%,
11/28/2028
630‌
686‌
Canadian
Natural
Resources
Ltd
3.80%,
04/15/2024
750‌
789‌
6.25%,
03/15/2038
400‌
507‌
Cenovus
Energy
Inc
3.00%,
08/15/2022
300‌
303‌
4.25%,
04/15/2027
300‌
315‌
Chevron
Corp
2.36%,
12/05/2022
350‌
355‌
2.95%,
05/16/2026
180‌
189‌
3.33%,
11/17/2025
165‌
176‌
CNOOC
Finance
2013
Ltd
2.88%,
09/30/2029
200‌
200‌
3.00%,
05/09/2023
500‌
508‌
CNOOC
Nexen
Finance
2014
ULC
4.25%,
04/30/2024
500‌
533‌
Concho
Resources
Inc
4.88%,
10/01/2047
175‌
195‌
ConocoPhillips
6.50%,
02/01/2039
490‌
713‌
ConocoPhillips
Co
4.95%,
03/15/2026
500‌
577‌
ConocoPhillips
Holding
Co
6.95%,
04/15/2029
400‌
542‌
Continental
Resources
Inc/OK
4.38%,
01/15/2028
400‌
413‌
Devon
Energy
Corp
5.00%,
06/15/2045
75‌
88‌
5.60%,
07/15/2041
570‌
693‌
Diamondback
Energy
Inc
2.88%,
12/01/2024
(i)
150‌
150‌
3.25%,
12/01/2026
(i)
150‌
150‌
Ecopetrol
SA
5.88%,
09/18/2023
1,040‌
1,145‌
5.88%,
05/28/2045
400‌
458‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
(continued)
EOG
Resources
Inc
2.63%,
03/15/2023
$
480‌
$
488‌
4.15%,
01/15/2026
500‌
550‌
EQT
Corp
3.90%,
10/01/2027
(e)
90‌
79‌
Equinor
ASA
3.15%,
01/23/2022
1,800‌
1,846‌
3.25%,
11/18/2049
190‌
196‌
Exxon
Mobil
Corp
1.90%,
08/16/2022
400‌
401‌
2.02%,
08/16/2024
200‌
201‌
2.28%,
08/16/2026
400‌
402‌
2.44%,
08/16/2029
190‌
191‌
3.00%,
08/16/2039
150‌
152‌
Hess
Corp
4.30%,
04/01/2027
300‌
315‌
7.13%,
03/15/2033
21‌
27‌
7.30%,
08/15/2031
349‌
438‌
HollyFrontier
Corp
5.88%,
04/01/2026
500‌
559‌
Husky
Energy
Inc
4.00%,
04/15/2024
500‌
524‌
Marathon
Oil
Corp
2.80%,
11/01/2022
75‌
76‌
3.85%,
06/01/2025
500‌
524‌
4.40%,
07/15/2027
300‌
323‌
Marathon
Petroleum
Corp
3.63%,
09/15/2024
500‌
524‌
5.00%,
09/15/2054
200‌
215‌
Newfield
Exploration
Co
5.63%,
07/01/2024
300‌
327‌
Nexen
Inc
6.40%,
05/15/2037
730‌
1,014‌
7.50%,
07/30/2039
39‌
62‌
Noble
Energy
Inc
3.25%,
10/15/2029
290‌
287‌
4.20%,
10/15/2049
570‌
551‌
Occidental
Petroleum
Corp
2.60%,
08/13/2021
70‌
70‌
2.70%,
08/15/2022
305‌
308‌
2.70%,
02/15/2023
75‌
75‌
2.90%,
08/15/2024
460‌
462‌
3.13%,
02/15/2022
25‌
25‌
3.20%,
08/15/2026
105‌
106‌
3.50%,
06/15/2025
500‌
515‌
3.50%,
08/15/2029
140‌
141‌
4.10%,
02/15/2047
500‌
477‌
4.30%,
08/15/2039
35‌
35‌
4.40%,
08/15/2049
70‌
71‌
6.20%,
03/15/2040
480‌
570‌
6.45%,
09/15/2036
60‌
73‌
6.60%,
03/15/2046
115‌
148‌
6.95%,
07/01/2024
755‌
881‌
7.50%,
05/01/2031
50‌
65‌
Petroleos
Mexicanos
5.35%,
02/12/2028
500‌
486‌
5.63%,
01/23/2046
216‌
191‌
6.49%,
01/23/2027
(d)
1,369‌
1,442‌
6.50%,
03/13/2027
500‌
522‌
6.63%,
06/15/2035
525‌
526‌
6.75%,
09/21/2047
550‌
541‌
6.84%,
01/23/2030
(d)
768‌
807‌
6.88%,
08/04/2026
300‌
324‌
7.69%,
01/23/2050
(d)
904‌
969‌
Phillips
66
4.30%,
04/01/2022
75‌
79‌
4.88%,
11/15/2044
400‌
485‌
5.88%,
05/01/2042
30‌
41‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
17
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
(continued)
Pioneer
Natural
Resources
Co
3.95%,
07/15/2022
$
30‌
$
31‌
Shell
International
Finance
BV
1.88%,
05/10/2021
545‌
545‌
2.00%,
11/07/2024
150‌
149‌
2.38%,
11/07/2029
150‌
148‌
2.88%,
05/10/2026
155‌
161‌
3.13%,
11/07/2049
150‌
150‌
3.25%,
05/11/2025
355‌
374‌
3.50%,
11/13/2023
235‌
248‌
3.75%,
09/12/2046
90‌
100‌
3.88%,
11/13/2028
235‌
261‌
4.00%,
05/10/2046
75‌
86‌
4.13%,
05/11/2035
335‌
390‌
4.38%,
05/11/2045
575‌
693‌
6.38%,
12/15/2038
410‌
595‌
Suncor
Energy
Inc
4.00%,
11/15/2047
450‌
483‌
6.80%,
05/15/2038
364‌
510‌
6.85%,
06/01/2039
73‌
103‌
Total
Capital
International
SA
2.22%,
07/12/2021
500‌
503‌
2.43%,
01/10/2025
110‌
111‌
2.83%,
01/10/2030
130‌
134‌
2.88%,
02/17/2022
475‌
486‌
3.46%,
02/19/2029
500‌
542‌
3.46%,
07/12/2049
75‌
80‌
Valero
Energy
Corp
4.00%,
04/01/2029
585‌
626‌
6.63%,
06/15/2037
60‌
79‌
7.50%,
04/15/2032
60‌
81‌
$
40,049‌
Oil
&
Gas
Services
-
0.12%
Baker
Hughes
a
GE
Co
LLC
/
Baker
Hughes
Co-
Obligor
Inc
2.77%,
12/15/2022
75‌
76‌
3.14%,
11/07/2029
150‌
152‌
3.34%,
12/15/2027
135‌
140‌
Halliburton
Co
3.25%,
11/15/2021
530‌
540‌
3.80%,
11/15/2025
220‌
232‌
4.85%,
11/15/2035
400‌
444‌
5.00%,
11/15/2045
230‌
257‌
7.45%,
09/15/2039
26‌
37‌
National
Oilwell
Varco
Inc
2.60%,
12/01/2022
475‌
480‌
3.60%,
12/01/2029
150‌
146‌
3.95%,
12/01/2042
400‌
363‌
Schlumberger
Investment
SA
3.65%,
12/01/2023
75‌
79‌
$
2,946‌
Packaging
&
Containers
-
0.04%
Packaging
Corp
of
America
3.00%,
12/15/2029
300‌
303‌
4.05%,
12/15/2049
150‌
156‌
WRKCo
Inc
4.90%,
03/15/2029
400‌
457‌
$
916‌
Pharmaceuticals
-
1.57%
AbbVie
Inc
2.15%,
11/19/2021
(d)
300‌
300‌
2.30%,
11/21/2022
(d)
300‌
301‌
2.60%,
11/21/2024
(d)
445‌
447‌
2.85%,
05/14/2023
40‌
41‌
2.90%,
11/06/2022
550‌
560‌
2.95%,
11/21/2026
(d)
300‌
303‌
3.20%,
05/14/2026
390‌
401‌
3.20%,
11/21/2029
(d)
745‌
756‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pharmaceuticals
(continued)
AbbVie
Inc  
(continued)
3.60%,
05/14/2025
$
170‌
$
178‌
4.05%,
11/21/2039
(d)
375‌
391‌
4.25%,
11/14/2028
140‌
154‌
4.25%,
11/21/2049
(d)
595‌
625‌
4.30%,
05/14/2036
280‌
304‌
4.40%,
11/06/2042
25‌
27‌
4.45%,
05/14/2046
270‌
290‌
4.50%,
05/14/2035
245‌
271‌
4.70%,
05/14/2045
320‌
356‌
4.88%,
11/14/2048
170‌
194‌
Allergan
Funding
SCS
3.80%,
03/15/2025
395‌
415‌
3.85%,
06/15/2024
90‌
95‌
4.55%,
03/15/2035
170‌
185‌
4.75%,
03/15/2045
300‌
330‌
4.85%,
06/15/2044
30‌
33‌
AmerisourceBergen
Corp
3.40%,
05/15/2024
30‌
31‌
AstraZeneca
PLC
2.38%,
06/12/2022
830‌
838‌
3.38%,
11/16/2025
180‌
191‌
4.00%,
01/17/2029
400‌
448‌
4.00%,
09/18/2042
300‌
332‌
4.38%,
08/17/2048
60‌
71‌
6.45%,
09/15/2037
30‌
42‌
Bristol-Myers
Squibb
Co
2.90%,
07/26/2024
(d)
520‌
536‌
3.25%,
02/20/2023
(d)
85‌
88‌
3.25%,
08/01/2042
515‌
530‌
3.40%,
07/26/2029
(d)
455‌
488‌
3.45%,
11/15/2027
(d)
90‌
97‌
3.88%,
08/15/2025
(d)
790‌
853‌
3.90%,
02/20/2028
(d)
130‌
142‌
4.13%,
06/15/2039
(d)
195‌
225‌
4.25%,
10/26/2049
(d)
360‌
428‌
4.35%,
11/15/2047
(d)
210‌
248‌
4.55%,
02/20/2048
(d)
220‌
270‌
5.00%,
08/15/2045
(d)
305‌
392‌
Cardinal
Health
Inc
3.41%,
06/15/2027
400‌
410‌
4.60%,
03/15/2043
430‌
438‌
Cigna
Corp
3.40%,
09/17/2021
100‌
102‌
3.75%,
07/15/2023
605‌
633‌
3.88%,
10/15/2047
(d)
185‌
187‌
4.00%,
02/15/2022
(d)
600‌
619‌
4.13%,
11/15/2025
170‌
183‌
4.38%,
10/15/2028
300‌
333‌
4.75%,
11/15/2021
(d)
50‌
52‌
4.80%,
08/15/2038
170‌
197‌
4.80%,
07/15/2046
(d)
500‌
575‌
4.90%,
12/15/2048
395‌
468‌
CVS
Health
Corp
2.13%,
06/01/2021
35‌
35‌
2.63%,
08/15/2024
140‌
141‌
2.75%,
12/01/2022
750‌
761‌
2.88%,
06/01/2026
1,560‌
1,579‌
3.00%,
08/15/2026
105‌
107‌
3.25%,
08/15/2029
140‌
142‌
3.50%,
07/20/2022
860‌
888‌
3.70%,
03/09/2023
530‌
552‌
3.88%,
07/20/2025
60‌
64‌
4.00%,
12/05/2023
50‌
53‌
4.10%,
03/25/2025
75‌
81‌
4.30%,
03/25/2028
1,150‌
1,254‌
5.05%,
03/25/2048
770‌
911‌
5.13%,
07/20/2045
430‌
508‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
18
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pharmaceuticals
(continued)
GlaxoSmithKline
Capital
Inc
3.38%,
05/15/2023
$
190‌
$
199‌
3.63%,
05/15/2025
85‌
91‌
3.88%,
05/15/2028
165‌
183‌
6.38%,
05/15/2038
430‌
626‌
GlaxoSmithKline
Capital
PLC
2.88%,
06/01/2022
500‌
511‌
3.00%,
06/01/2024
400‌
414‌
Johnson
&
Johnson
1.65%,
03/01/2021
265‌
265‌
2.45%,
03/01/2026
225‌
229‌
2.90%,
01/15/2028
110‌
116‌
2.95%,
03/03/2027
110‌
116‌
3.40%,
01/15/2038
500‌
540‌
3.50%,
01/15/2048
140‌
156‌
3.55%,
03/01/2036
750‌
826‌
3.70%,
03/01/2046
90‌
103‌
5.95%,
08/15/2037
75‌
107‌
McKesson
Corp
2.70%,
12/15/2022
500‌
505‌
4.75%,
03/01/2021
100‌
102‌
4.88%,
03/15/2044
80‌
87‌
Mead
Johnson
Nutrition
Co
4.60%,
06/01/2044
30‌
37‌
Merck
&
Co
Inc
2.35%,
02/10/2022
50‌
51‌
2.80%,
05/18/2023
75‌
77‌
3.70%,
02/10/2045
1,100‌
1,237‌
3.90%,
03/07/2039
385‌
445‌
4.00%,
03/07/2049
170‌
203‌
Mylan
NV
3.15%,
06/15/2021
825‌
834‌
3.95%,
06/15/2026
530‌
551‌
5.25%,
06/15/2046
305‌
336‌
Novartis
Capital
Corp
3.00%,
11/20/2025
125‌
131‌
4.40%,
05/06/2044
530‌
658‌
Pfizer
Inc
1.95%,
06/03/2021
200‌
200‌
2.95%,
03/15/2024
300‌
312‌
3.00%,
12/15/2026
500‌
529‌
3.40%,
05/15/2024
100‌
106‌
3.45%,
03/15/2029
170‌
184‌
4.00%,
12/15/2036
45‌
52‌
4.00%,
03/15/2049
195‌
229‌
4.13%,
12/15/2046
575‌
680‌
4.20%,
09/15/2048
80‌
96‌
4.30%,
06/15/2043
225‌
269‌
4.40%,
05/15/2044
75‌
91‌
7.20%,
03/15/2039
60‌
95‌
Shire
Acquisitions
Investments
Ireland
DAC
3.20%,
09/23/2026
300‌
310‌
Wyeth
LLC
5.95%,
04/01/2037
60‌
83‌
6.50%,
02/01/2034
525‌
745‌
Zoetis
Inc
3.25%,
02/01/2023
540‌
556‌
$
38,753‌
Pipelines
-
0.95%
Boardwalk
Pipelines
LP
3.38%,
02/01/2023
30‌
31‌
Cheniere
Corpus
Christi
Holdings
LLC
3.70%,
11/15/2029
(d)
300‌
303‌
Enbridge
Energy
Partners
LP
7.38%,
10/15/2045
70‌
104‌
7.50%,
04/15/2038
350‌
490‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
(continued)
Enbridge
Inc
2.50%,
01/15/2025
$
150‌
$
150‌
3.13%,
11/15/2029
150‌
151‌
4.25%,
12/01/2026
75‌
82‌
Energy
Transfer
Operating
LP
4.05%,
03/15/2025
300‌
311‌
4.20%,
04/15/2027
300‌
307‌
4.90%,
03/15/2035
1,000‌
1,038‌
5.30%,
04/15/2047
410‌
426‌
6.25%,
04/15/2049
155‌
183‌
6.50%,
02/01/2042
425‌
497‌
Energy
Transfer
Partners
LP
/
Regency
Energy
Finance
Corp
5.00%,
10/01/2022
350‌
371‌
Enterprise
Products
Operating
LLC
3.70%,
02/15/2026
400‌
424‌
4.15%,
10/16/2028
500‌
547‌
4.25%,
02/15/2048
250‌
267‌
4.45%,
02/15/2043
350‌
378‌
4.85%,
08/15/2042
400‌
454‌
6.88%,
03/01/2033
39‌
53‌
EQM
Midstream
Partners
LP
4.13%,
12/01/2026
500‌
436‌
4.75%,
07/15/2023
1,600‌
1,561‌
Kinder
Morgan
Energy
Partners
LP
3.50%,
09/01/2023
390‌
404‌
3.95%,
09/01/2022
600‌
624‌
4.70%,
11/01/2042
20‌
21‌
6.38%,
03/01/2041
780‌
960‌
6.95%,
01/15/2038
383‌
496‌
Kinder
Morgan
Inc/DE
3.15%,
01/15/2023
1,100‌
1,124‌
5.05%,
02/15/2046
300‌
332‌
Magellan
Midstream
Partners
LP
3.95%,
03/01/2050
550‌
554‌
MPLX
LP
4.13%,
03/01/2027
140‌
145‌
4.25%,
12/01/2027
(d)
300‌
315‌
4.50%,
04/15/2038
200‌
200‌
4.88%,
12/01/2024
500‌
541‌
4.90%,
04/15/2058
165‌
163‌
5.20%,
12/01/2047
(d)
300‌
313‌
5.50%,
02/15/2049
130‌
143‌
ONEOK
Inc
2.75%,
09/01/2024
375‌
376‌
3.40%,
09/01/2029
350‌
348‌
4.45%,
09/01/2049
500‌
498‌
Plains
All
American
Pipeline
LP
/
PAA
Finance
Corp
3.55%,
12/15/2029
470‌
453‌
4.50%,
12/15/2026
500‌
526‌
4.70%,
06/15/2044
30‌
28‌
6.65%,
01/15/2037
500‌
574‌
Sabine
Pass
Liquefaction
LLC
4.20%,
03/15/2028
75‌
79‌
5.00%,
03/15/2027
375‌
411‌
5.63%,
02/01/2021
200‌
206‌
5.63%,
03/01/2025
75‌
84‌
5.88%,
06/30/2026
665‌
761‌
Spectra
Energy
Partners
LP
4.75%,
03/15/2024
105‌
114‌
5.95%,
09/25/2043
400‌
498‌
Sunoco
Logistics
Partners
Operations
LP
5.40%,
10/01/2047
400‌
421‌
TransCanada
PipeLines
Ltd
4.88%,
05/15/2048
190‌
222‌
6.10%,
06/01/2040
30‌
39‌
7.25%,
08/15/2038
750‌
1,067‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
19
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
(continued)
Williams
Cos
Inc/The
3.60%,
03/15/2022
$
500‌
$
513‌
3.75%,
06/15/2027
45‌
46‌
3.90%,
01/15/2025
500‌
521‌
4.00%,
09/15/2025
50‌
53‌
5.10%,
09/15/2045
740‌
788‌
6.30%,
04/15/2040
30‌
36‌
$
23,561‌
Private
Equity
-
0.01%
Brookfield
Asset
Management
Inc
4.00%,
01/15/2025
300‌
321‌
Regional
Authority
-
0.26%
Province
of
Alberta
Canada
3.30%,
03/15/2028
700‌
765‌
Province
of
British
Columbia
Canada
2.00%,
10/23/2022
500‌
504‌
2.65%,
09/22/2021
400‌
406‌
6.50%,
01/15/2026
45‌
56‌
Province
of
Manitoba
Canada
2.60%,
04/16/2024
1,000‌
1,030‌
3.05%,
05/14/2024
30‌
31‌
Province
of
Ontario
Canada
2.00%,
10/02/2029
1,200‌
1,191‌
2.50%,
09/10/2021
500‌
506‌
3.20%,
05/16/2024
440‌
466‌
3.40%,
10/17/2023
210‌
222‌
Province
of
Quebec
Canada
2.75%,
08/25/2021
540‌
549‌
2.88%,
10/16/2024
500‌
524‌
7.50%,
09/15/2029
36‌
53‌
$
6,303‌
REITs
-
0.80%
Alexandria
Real
Estate
Equities
Inc
2.75%,
12/15/2029
70‌
69‌
3.38%,
08/15/2031
420‌
438‌
3.90%,
06/15/2023
750‌
788‌
4.00%,
02/01/2050
70‌
77‌
American
Tower
Corp
3.38%,
10/15/2026
670‌
696‌
3.50%,
01/31/2023
75‌
78‌
3.70%,
10/15/2049
145‌
144‌
4.70%,
03/15/2022
50‌
53‌
5.90%,
11/01/2021
500‌
534‌
AvalonBay
Communities
Inc
4.15%,
07/01/2047
300‌
349‌
Boston
Properties
LP
2.75%,
10/01/2026
350‌
353‌
2.90%,
03/15/2030
485‌
483‌
3.65%,
02/01/2026
375‌
398‌
Brixmor
Operating
Partnership
LP
3.65%,
06/15/2024
400‌
416‌
Crown
Castle
International
Corp
3.10%,
11/15/2029
125‌
127‌
3.20%,
09/01/2024
75‌
78‌
3.70%,
06/15/2026
510‌
539‌
4.00%,
11/15/2049
95‌
100‌
5.25%,
01/15/2023
500‌
545‌
CubeSmart
LP
4.38%,
12/15/2023
30‌
32‌
Duke
Realty
LP
2.88%,
11/15/2029
75‌
76‌
3.75%,
12/01/2024
300‌
318‌
3.88%,
10/15/2022
530‌
552‌
Equinix
Inc
2.63%,
11/18/2024
150‌
150‌
3.20%,
11/18/2029
130‌
130‌
5.38%,
05/15/2027
175‌
190‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
(continued)
ERP
Operating
LP
2.50%,
02/15/2030
$
305‌
$
303‌
Essex
Portfolio
LP
3.00%,
01/15/2030
140‌
142‌
4.00%,
03/01/2029
300‌
327‌
Federal
Realty
Investment
Trust
4.50%,
12/01/2044
300‌
353‌
GLP
Capital
LP
/
GLP
Financing
II
Inc
4.00%,
01/15/2030
140‌
141‌
5.25%,
06/01/2025
400‌
439‌
Healthpeak
Properties
Inc
3.00%,
01/15/2030
240‌
240‌
3.88%,
08/15/2024
200‌
213‌
4.20%,
03/01/2024
200‌
214‌
4.25%,
11/15/2023
75‌
80‌
Highwoods
Realty
LP
3.20%,
06/15/2021
30‌
30‌
Kimco
Realty
Corp
2.70%,
03/01/2024
300‌
304‌
3.20%,
05/01/2021
750‌
760‌
3.70%,
10/01/2049
30‌
30‌
Liberty
Property
LP
3.38%,
06/15/2023
40‌
42‌
3.75%,
04/01/2025
90‌
96‌
Mid-America
Apartments
LP
3.60%,
06/01/2027
500‌
532‌
National
Retail
Properties
Inc
3.60%,
12/15/2026
300‌
315‌
4.80%,
10/15/2048
200‌
244‌
Office
Properties
Income
Trust
4.00%,
07/15/2022
300‌
306‌
Omega
Healthcare
Investors
Inc
4.75%,
01/15/2028
400‌
438‌
4.95%,
04/01/2024
30‌
32‌
Realty
Income
Corp
3.25%,
10/15/2022
500‌
516‌
4.13%,
10/15/2026
20‌
22‌
Service
Properties
Trust
4.50%,
06/15/2023
500‌
517‌
4.65%,
03/15/2024
40‌
41‌
4.75%,
10/01/2026
140‌
143‌
Simon
Property
Group
LP
2.00%,
09/13/2024
150‌
149‌
2.45%,
09/13/2029
275‌
270‌
2.75%,
02/01/2023
250‌
255‌
3.25%,
09/13/2049
340‌
337‌
4.75%,
03/15/2042
164‌
200‌
UDR
Inc
3.20%,
01/15/2030
145‌
149‌
4.00%,
10/01/2025
200‌
216‌
Ventas
Realty
LP
3.00%,
01/15/2030
260‌
258‌
3.75%,
05/01/2024
500‌
526‌
4.88%,
04/15/2049
300‌
355‌
5.70%,
09/30/2043
225‌
289‌
VEREIT
Operating
Partnership
LP
3.10%,
12/15/2029
(i)
365‌
361‌
Weingarten
Realty
Investors
3.38%,
10/15/2022
120‌
123‌
Welltower
Inc
3.63%,
03/15/2024
120‌
126‌
4.00%,
06/01/2025
75‌
81‌
4.13%,
03/15/2029
300‌
327‌
4.25%,
04/15/2028
400‌
440‌
Weyerhaeuser
Co
7.38%,
03/15/2032
530‌
733‌
$
19,728‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
20
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Retail
-
0.72%
AutoZone
Inc
3.13%,
04/21/2026
$
500‌
$
515‌
3.75%,
06/01/2027
300‌
321‌
Costco
Wholesale
Corp
2.15%,
05/18/2021
600‌
603‌
2.30%,
05/18/2022
200‌
202‌
3.00%,
05/18/2027
300‌
318‌
Dollar
Tree
Inc
4.20%,
05/15/2028
130‌
139‌
Home
Depot
Inc/The
2.00%,
04/01/2021
500‌
501‌
2.70%,
04/01/2023
50‌
51‌
3.75%,
02/15/2024
500‌
533‌
3.90%,
06/15/2047
800‌
912‌
4.25%,
04/01/2046
670‌
795‌
5.88%,
12/16/2036
330‌
457‌
Kohl's
Corp
4.25%,
07/17/2025
300‌
314‌
Lowe's
Cos
Inc
2.50%,
04/15/2026
90‌
90‌
3.10%,
05/03/2027
160‌
166‌
3.38%,
09/15/2025
50‌
53‌
3.65%,
04/05/2029
135‌
145‌
3.70%,
04/15/2046
20‌
20‌
4.05%,
05/03/2047
650‌
699‌
4.38%,
09/15/2045
500‌
555‌
4.55%,
04/05/2049
135‌
157‌
McDonald's
Corp
2.63%,
09/01/2029
140‌
140‌
3.25%,
06/10/2024
175‌
183‌
3.63%,
05/20/2021
750‌
769‌
3.63%,
09/01/2049
520‌
530‌
3.70%,
01/30/2026
150‌
161‌
3.70%,
02/15/2042
300‌
312‌
4.88%,
12/09/2045
340‌
417‌
Nordstrom
Inc
5.00%,
01/15/2044
300‌
293‌
O'Reilly
Automotive
Inc
3.55%,
03/15/2026
500‌
530‌
Starbucks
Corp
2.10%,
02/04/2021
750‌
752‌
3.55%,
08/15/2029
305‌
330‌
4.45%,
08/15/2049
300‌
348‌
Target
Corp
3.63%,
04/15/2046
300‌
331‌
3.90%,
11/15/2047
60‌
70‌
Walgreens
Boots
Alliance
Inc
4.80%,
11/18/2044
630‌
651‌
Walmart
Inc
2.35%,
12/15/2022
220‌
223‌
2.85%,
07/08/2024
225‌
233‌
2.95%,
09/24/2049
1,550‌
1,559‌
3.05%,
07/08/2026
600‌
633‌
3.25%,
07/08/2029
155‌
167‌
3.30%,
04/22/2024
550‌
578‌
3.40%,
06/26/2023
385‌
404‌
3.70%,
06/26/2028
255‌
282‌
3.95%,
06/28/2038
195‌
228‌
5.25%,
09/01/2035
40‌
53‌
5.63%,
04/01/2040
40‌
57‌
5.63%,
04/15/2041
60‌
86‌
$
17,866‌
Semiconductors
-
0.44%
Analog
Devices
Inc
2.95%,
01/12/2021
300‌
303‌
Applied
Materials
Inc
4.35%,
04/01/2047
45‌
55‌
5.85%,
06/15/2041
500‌
684‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Semiconductors
(continued)
Broadcom
Corp
/
Broadcom
Cayman
Finance
Ltd
3.00%,
01/15/2022
$
1,200‌
$
1,214‌
3.88%,
01/15/2027
650‌
663‌
Broadcom
Inc
3.63%,
10/15/2024
(d)
415‌
427‌
4.75%,
04/15/2029
(d)
355‌
379‌
Intel
Corp
2.45%,
11/15/2029
300‌
300‌
2.60%,
05/19/2026
775‌
794‌
2.88%,
05/11/2024
105‌
109‌
3.15%,
05/11/2027
150‌
159‌
3.25%,
11/15/2049
150‌
152‌
3.30%,
10/01/2021
550‌
565‌
3.73%,
12/08/2047
105‌
115‌
4.90%,
07/29/2045
600‌
767‌
KLA
Corp
4.10%,
03/15/2029
300‌
329‌
Micron
Technology
Inc
4.19%,
02/15/2027
405‌
426‌
4.64%,
02/06/2024
300‌
322‌
4.66%,
02/15/2030
405‌
430‌
NVIDIA
Corp
2.20%,
09/16/2021
300‌
301‌
3.20%,
09/16/2026
500‌
524‌
QUALCOMM
Inc
2.60%,
01/30/2023
310‌
315‌
3.25%,
05/20/2027
420‌
440‌
3.45%,
05/20/2025
215‌
228‌
4.65%,
05/20/2035
195‌
232‌
4.80%,
05/20/2045
110‌
133‌
Texas
Instruments
Inc
2.25%,
05/01/2023
400‌
405‌
4.15%,
05/15/2048
165‌
200‌
$
10,971‌
Software
-
0.77%
Autodesk
Inc
3.50%,
06/15/2027
400‌
419‌
Fidelity
National
Information
Services
Inc
4.75%,
05/15/2048
460‌
554‌
5.00%,
10/15/2025
126‌
144‌
Fiserv
Inc
3.50%,
10/01/2022
30‌
31‌
3.50%,
07/01/2029
300‌
315‌
3.85%,
06/01/2025
2,205‌
2,347‌
Microsoft
Corp
1.55%,
08/08/2021
35‌
35‌
2.38%,
02/12/2022
750‌
761‌
2.40%,
02/06/2022
965‌
978‌
2.40%,
08/08/2026
560‌
570‌
3.13%,
11/03/2025
270‌
286‌
3.30%,
02/06/2027
140‌
151‌
3.45%,
08/08/2036
640‌
705‌
3.50%,
02/12/2035
700‌
776‌
3.63%,
12/15/2023
550‌
586‌
3.70%,
08/08/2046
1,475‌
1,686‌
3.95%,
08/08/2056
170‌
200‌
4.00%,
02/12/2055
120‌
143‌
4.10%,
02/06/2037
280‌
331‌
4.20%,
11/03/2035
360‌
429‌
4.45%,
11/03/2045
207‌
261‌
4.75%,
11/03/2055
70‌
94‌
Oracle
Corp
1.90%,
09/15/2021
80‌
80‌
2.40%,
09/15/2023
75‌
76‌
2.50%,
10/15/2022
75‌
76‌
2.63%,
02/15/2023
370‌
377‌
2.65%,
07/15/2026
930‌
948‌
2.80%,
07/08/2021
500‌
508‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
21
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
(continued)
Oracle
Corp  
(continued)
2.95%,
11/15/2024
$
85‌
$
88‌
2.95%,
05/15/2025
105‌
109‌
3.25%,
11/15/2027
375‌
398‌
3.40%,
07/08/2024
550‌
581‌
3.80%,
11/15/2037
485‌
533‌
3.85%,
07/15/2036
2,000‌
2,209‌
3.90%,
05/15/2035
130‌
147‌
4.00%,
11/15/2047
75‌
84‌
4.30%,
07/08/2034
75‌
88‌
4.38%,
05/15/2055
150‌
177‌
4.50%,
07/08/2044
50‌
59‌
5.38%,
07/15/2040
550‌
717‌
6.13%,
07/08/2039
60‌
85‌
$
19,142‌
Sovereign
-
1.46%
Canada
Government
International
Bond
2.63%,
01/25/2022
500‌
510‌
Chile
Government
International
Bond
3.86%,
06/21/2047
700‌
782‌
Colombia
Government
International
Bond
4.00%,
02/26/2024
500‌
524‌
5.00%,
06/15/2045
750‌
857‌
5.20%,
05/15/2049
400‌
473‌
5.63%,
02/26/2044
500‌
612‌
7.38%,
09/18/2037
220‌
309‌
10.38%,
01/28/2033
100‌
160‌
Export
Development
Canada
2.00%,
05/17/2022
1,000‌
1,008‌
2.63%,
02/21/2024
300‌
311‌
Export-Import
Bank
of
Korea
1.88%,
10/21/2021
350‌
348‌
3.25%,
11/10/2025
1,000‌
1,056‌
5.00%,
04/11/2022
500‌
532‌
Hungary
Government
International
Bond
5.38%,
03/25/2024
650‌
732‌
6.38%,
03/29/2021
500‌
529‌
Indonesia
Government
International
Bond
3.70%,
10/30/2049
(e)
200‌
205‌
4.35%,
01/11/2048
600‌
659‌
4.75%,
02/11/2029
300‌
341‌
Israel
Government
AID
Bond
5.50%,
09/18/2023
65‌
74‌
5.50%,
04/26/2024
65‌
75‌
5.50%,
09/18/2033
110‌
153‌
Israel
Government
International
Bond
4.00%,
06/30/2022
850‌
892‌
Japan
Bank
for
International
Cooperation
1.63%,
10/17/2022
200‌
198‌
1.88%,
07/21/2026
664‌
656‌
2.13%,
02/10/2025
2,300‌
2,312‌
2.38%,
04/20/2026
500‌
509‌
3.00%,
05/29/2024
300‌
313‌
Korea
International
Bond
2.75%,
01/19/2027
250‌
257‌
3.88%,
09/20/2048
500‌
615‌
Mexico
Government
International
Bond
3.63%,
03/15/2022
570‌
588‌
3.75%,
01/11/2028
225‌
233‌
4.13%,
01/21/2026
500‌
532‌
4.50%,
04/22/2029
500‌
548‌
4.60%,
01/23/2046
500‌
534‌
4.60%,
02/10/2048
300‌
323‌
4.75%,
03/08/2044
610‌
665‌
5.75%,
10/12/2110
500‌
582‌
6.05%,
01/11/2040
500‌
642‌
6.75%,
09/27/2034
500‌
685‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Sovereign
(continued)
Panama
Government
International
Bond
3.16%,
01/23/2030
$
200‌
$
206‌
3.75%,
03/16/2025
950‌
1,007‌
4.50%,
05/15/2047
500‌
590‌
4.50%,
04/16/2050
200‌
235‌
Peruvian
Government
International
Bond
5.63%,
11/18/2050
400‌
584‌
8.75%,
11/21/2033
350‌
576‌
Philippine
Government
International
Bond
3.00%,
02/01/2028
300‌
312‌
3.70%,
03/01/2041
(e)
900‌
1,018‌
4.00%,
01/15/2021
750‌
766‌
7.75%,
01/14/2031
740‌
1,092‌
10.63%,
03/16/2025
600‌
848‌
Republic
of
Italy
Government
International
Bond
2.38%,
10/17/2024
200‌
196‌
2.88%,
10/17/2029
200‌
191‌
5.38%,
06/15/2033
550‌
647‌
6.88%,
09/27/2023
550‌
631‌
Republic
of
Poland
Government
International
Bond
5.00%,
03/23/2022
500‌
535‌
5.13%,
04/21/2021
580‌
605‌
Tennessee
Valley
Authority
3.50%,
12/15/2042
100‌
115‌
3.88%,
02/15/2021
400‌
410‌
4.25%,
09/15/2065
150‌
204‌
4.63%,
09/15/2060
300‌
429‌
5.25%,
09/15/2039
250‌
350‌
5.38%,
04/01/2056
61‌
96‌
5.88%,
04/01/2036
525‌
759‌
6.75%,
11/01/2025
57‌
73‌
Tunisia
Government
AID
Bonds
1.42%,
08/05/2021
250‌
247‌
Ukraine
Government
AID
Bonds
1.47%,
09/29/2021
250‌
249‌
Uruguay
Government
International
Bond
4.13%,
11/20/2045
386‌
411‌
4.38%,
10/27/2027
610‌
666‌
7.63%,
03/21/2036
400‌
589‌
$
35,971‌
Supranational
Bank
-
1.38%
African
Development
Bank
2.38%,
09/23/2021
515‌
521‌
3.00%,
09/20/2023
600‌
629‌
Asian
Development
Bank
1.75%,
06/08/2021
1,000‌
1,001‌
1.75%,
09/19/2029
750‌
742‌
2.13%,
11/24/2021
(e)
800‌
806‌
2.13%,
03/19/2025
300‌
306‌
2.38%,
08/10/2027
500‌
519‌
2.75%,
03/17/2023
670‌
693‌
2.75%,
01/19/2028
130‌
139‌
5.82%,
06/16/2028
39‌
50‌
Corp
Andina
de
Fomento
3.25%,
02/11/2022
1,000‌
1,017‌
4.38%,
06/15/2022
559‌
586‌
European
Bank
for
Reconstruction
&
Development
1.63%,
09/27/2024
350‌
348‌
1.88%,
02/23/2022
500‌
502‌
European
Investment
Bank
1.88%,
02/10/2025
250‌
253‌
2.00%,
03/15/2021
3,795‌
3,807‌
2.25%,
03/15/2022
500‌
506‌
2.25%,
06/24/2024
2,440‌
2,501‌
2.38%,
05/24/2027
650‌
676‌
2.50%,
04/15/2021
650‌
657‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
22
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Supranational
Bank
(continued)
European
Investment
Bank  
(continued)
2.50%,
03/15/2023
$
440‌
$
452‌
2.63%,
05/20/2022
1,000‌
1,023‌
2.88%,
12/15/2021
600‌
614‌
4.88%,
02/15/2036
500‌
683‌
FMS
Wertmanagement
2.00%,
08/01/2022
800‌
806‌
Inter-American
Development
Bank
2.13%,
01/18/2022
500‌
505‌
2.13%,
01/15/2025
500‌
509‌
2.38%,
07/07/2027
750‌
778‌
2.50%,
01/18/2023
1,830‌
1,875‌
2.63%,
04/19/2021
500‌
506‌
3.13%,
09/18/2028
300‌
331‌
4.38%,
01/24/2044
50‌
68‌
International
Bank
for
Reconstruction
&
Development
1.38%,
05/24/2021
345‌
344‌
1.38%,
09/20/2021
320‌
318‌
1.75%,
10/23/2029
720‌
713‌
1.88%,
10/07/2022
4,125‌
4,149‌
2.25%,
06/24/2021
750‌
756‌
2.50%,
07/29/2025
270‌
281‌
3.00%,
09/27/2023
300‌
315‌
7.63%,
01/19/2023
933‌
1,099‌
International
Finance
Corp
2.13%,
04/07/2026
1,000‌
1,020‌
Nordic
Investment
Bank
1.38%,
10/17/2022
800‌
793‌
$
34,197‌
Telecommunications
-
1.19%
America
Movil
SAB
de
CV
3.63%,
04/22/2029
735‌
782‌
6.13%,
03/30/2040
450‌
611‌
AT&T
Inc
2.95%,
07/15/2026
580‌
588‌
3.00%,
06/30/2022
90‌
92‌
3.20%,
03/01/2022
265‌
271‌
3.55%,
06/01/2024
500‌
523‌
3.90%,
03/11/2024
500‌
529‌
3.95%,
01/15/2025
500‌
535‌
4.10%,
02/15/2028
575‌
622‌
4.13%,
02/17/2026
350‌
378‌
4.30%,
02/15/2030
937‌
1,030‌
4.35%,
03/01/2029
500‌
552‌
4.35%,
06/15/2045
1,025‌
1,094‌
4.50%,
05/15/2035
1,100‌
1,219‌
4.50%,
03/09/2048
110‌
120‌
4.55%,
03/09/2049
500‌
549‌
4.75%,
05/15/2046
90‌
101‌
4.85%,
03/01/2039
900‌
1,025‌
4.85%,
07/15/2045
500‌
563‌
5.15%,
11/15/2046
405‌
476‌
5.25%,
03/01/2037
75‌
89‌
5.35%,
09/01/2040
54‌
65‌
5.55%,
08/15/2041
75‌
91‌
6.38%,
03/01/2041
75‌
99‌
British
Telecommunications
PLC
9.62%,
12/15/2030
600‌
917‌
Cisco
Systems
Inc
1.85%,
09/20/2021
750‌
750‌
2.50%,
09/20/2026
845‌
866‌
2.95%,
02/28/2026
300‌
315‌
5.50%,
01/15/2040
60‌
82‌
Deutsche
Telekom
International
Finance
BV
8.75%,
06/15/2030
765‌
1,126‌
Juniper
Networks
Inc
4.35%,
06/15/2025
200‌
214‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
Orange
SA
4.13%,
09/14/2021
$
30‌
$
31‌
5.38%,
01/13/2042
30‌
39‌
9.00%,
03/01/2031
500‌
776‌
Rogers
Communications
Inc
3.70%,
11/15/2049
190‌
195‌
5.00%,
03/15/2044
200‌
245‌
7.50%,
08/15/2038
250‌
374‌
Telefonica
Emisiones
SA
5.21%,
03/08/2047
500‌
590‌
7.05%,
06/20/2036
530‌
743‌
Telefonica
Europe
BV
8.25%,
09/15/2030
350‌
507‌
Verizon
Communications
Inc
2.63%,
08/15/2026
500‌
509‌
2.95%,
03/15/2022
358‌
366‌
3.13%,
03/16/2022
255‌
262‌
3.50%,
11/01/2024
1,000‌
1,060‌
3.85%,
11/01/2042
90‌
98‌
3.88%,
02/08/2029
880‌
973‌
4.33%,
09/21/2028
60‌
68‌
4.40%,
11/01/2034
580‌
673‌
4.52%,
09/15/2048
631‌
761‌
4.67%,
03/15/2055
568‌
711‌
4.81%,
03/15/2039
75‌
91‌
4.86%,
08/21/2046
500‌
625‌
5.15%,
09/15/2023
1,000‌
1,113‌
5.25%,
03/16/2037
75‌
95‌
Vodafone
Group
PLC
3.75%,
01/16/2024
75‌
79‌
4.13%,
05/30/2025
75‌
81‌
4.25%,
09/17/2050
250‌
259‌
4.38%,
05/30/2028
375‌
417‌
5.00%,
05/30/2038
80‌
92‌
5.25%,
05/30/2048
815‌
974‌
6.15%,
02/27/2037
240‌
311‌
$
29,392‌
Transportation
-
0.59%
Burlington
Northern
Santa
Fe
LLC
3.55%,
02/15/2050
155‌
165‌
3.65%,
09/01/2025
500‌
538‌
4.15%,
04/01/2045
200‌
230‌
4.40%,
03/15/2042
30‌
35‌
4.55%,
09/01/2044
400‌
484‌
4.90%,
04/01/2044
795‌
995‌
5.40%,
06/01/2041
400‌
521‌
Canadian
National
Railway
Co
2.85%,
12/15/2021
500‌
508‌
Canadian
Pacific
Railway
Co
2.90%,
02/01/2025
500‌
514‌
6.13%,
09/15/2115
75‌
111‌
CSX
Corp
2.40%,
02/15/2030
60‌
59‌
2.60%,
11/01/2026
350‌
357‌
3.35%,
09/15/2049
60‌
59‌
3.40%,
08/01/2024
600‌
631‌
3.80%,
03/01/2028
75‌
82‌
4.30%,
03/01/2048
200‌
231‌
4.75%,
05/30/2042
720‌
854‌
FedEx
Corp
3.10%,
08/05/2029
750‌
745‌
3.88%,
08/01/2042
30‌
29‌
4.00%,
01/15/2024
250‌
267‌
4.55%,
04/01/2046
500‌
524‌
Norfolk
Southern
Corp
2.55%,
11/01/2029
150‌
150‌
3.00%,
04/01/2022
500‌
510‌
3.25%,
12/01/2021
40‌
41‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
23
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Transportation
(continued)
Norfolk
Southern
Corp  
(continued)
3.94%,
11/01/2047
$
192‌
$
210‌
4.15%,
02/28/2048
500‌
565‌
4.84%,
10/01/2041
30‌
36‌
Ryder
System
Inc
2.50%,
09/01/2024
65‌
65‌
2.90%,
12/01/2026
150‌
151‌
Union
Pacific
Corp
2.75%,
03/01/2026
535‌
551‌
3.55%,
08/15/2039
435‌
457‌
3.80%,
10/01/2051
365‌
397‌
3.84%,
03/20/2060
(d)
220‌
224‌
3.95%,
09/10/2028
140‌
155‌
4.10%,
09/15/2067
560‌
586‌
4.16%,
07/15/2022
575‌
604‌
4.30%,
03/01/2049
90‌
105‌
United
Parcel
Service
Inc
2.20%,
09/01/2024
300‌
302‌
2.50%,
09/01/2029
125‌
125‌
3.13%,
01/15/2021
530‌
537‌
3.40%,
09/01/2049
180‌
184‌
3.63%,
10/01/2042
500‌
523‌
4.88%,
11/15/2040
30‌
37‌
$
14,454‌
Water
-
0.02%
American
Water
Capital
Corp
3.75%,
09/01/2047
140‌
151‌
4.15%,
06/01/2049
320‌
368‌
6.59%,
10/15/2037
13‌
18‌
$
537‌
TOTAL
BONDS
$
788,237‌
MUNICIPAL
BONDS
-
0.63%
Principal
Amount
(000's)
Value
(000's)
California
-
0.18%
Bay
Area
Toll
Authority
6.26%,
04/01/2049
$
175‌
$
274‌
6.91%,
10/01/2050
250‌
414‌
East
Bay
Municipal
Utility
District
Water
System
Revenue
5.87%,
06/01/2040
20‌
28‌
Los
Angeles
Department
of
Water
&
Power
Power
System
Revenue
6.57%,
07/01/2045
250‌
391‌
Los
Angeles
Unified
School
District/CA
5.76%,
07/01/2029
900‌
1,098‌
Regents
of
the
University
of
California
Medical
Center
Pooled
Revenue
6.55%,
05/15/2048
20‌
30‌
State
of
California
3.50%,
04/01/2028
115‌
125‌
7.30%,
10/01/2039
300‌
462‌
7.70%,
11/01/2030
500‌
526‌
University
of
California
3.06%,
07/01/2025
400‌
418‌
5.77%,
05/15/2043
530‌
725‌
$
4,491‌
Colorado
-
0.01%
Regional
Transportation
District
Sales
Tax
Revenue
5.84%,
11/01/2050
250‌
378‌
Connecticut
-
0.03%
State
of
Connecticut
5.85%,
03/15/2032
530‌
691‌
Georgia
-
0.02%
Municipal
Electric
Authority
of
Georgia
6.64%,
04/01/2057
338‌
466‌
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Illinois
-
0.09%
Chicago
Transit
Authority
6.20%,
12/01/2040
$
30‌
$
40‌
6.90%,
12/01/2040
300‌
413‌
City
of
Chicago
IL
6.31%,
01/01/2044
530‌
594‌
State
of
Illinois
4.95%,
06/01/2023
74‌
78‌
5.10%,
06/01/2033
1,000‌
1,076‌
$
2,201‌
New
Jersey
-
0.07%
New
Jersey
Economic
Development
Authority
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
0.00%,
02/15/2023
(g),(j)
50‌
46‌
New
Jersey
Economic
Development
Authority
(credit
support
from
National
Public
Finance
Guarantee
Corp
)
7.43%,
02/15/2029
(j)
450‌
569‌
New
Jersey
Transportation
Trust
Fund
Authority
6.56%,
12/15/2040
146‌
199‌
New
Jersey
Turnpike
Authority
7.41%,
01/01/2040
500‌
803‌
$
1,617‌
New
York
-
0.13%
City
of
New
York
NY
6.27%,
12/01/2037
500‌
711‌
New
York
City
Water
&
Sewer
System
5.72%,
06/15/2042
280‌
402‌
5.95%,
06/15/2042
250‌
367‌
New
York
State
Urban
Development
Corp
5.77%,
03/15/2039
465‌
573‌
Port
Authority
of
New
York
&
New
Jersey
4.46%,
10/01/2062
500‌
623‌
5.65%,
11/01/2040
400‌
545‌
$
3,221‌
Ohio
-
0.04%
American
Municipal
Power
Inc
7.83%,
02/15/2041
300‌
479‌
Ohio
State
University/The
3.80%,
12/01/2046
350‌
397‌
4.91%,
06/01/2040
50‌
65‌
$
941‌
Texas
-
0.05%
City
of
Houston
TX
6.29%,
03/01/2032
465‌
572‌
Dallas
Area
Rapid
Transit
5.02%,
12/01/2048
30‌
40‌
State
of
Texas
4.68%,
04/01/2040
160‌
200‌
5.52%,
04/01/2039
300‌
412‌
$
1,224‌
Wisconsin
-
0.01%
State
of
Wisconsin
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.70%,
05/01/2026
(j)
320‌
361‌
TOTAL
MUNICIPAL
BONDS
$
15,591‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
64.77%
Principal
Amount
(000's)
Value
(000's)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
-
4.36%
2.00%,
09/01/2031
$
154‌
$
152‌
2.00%,
12/01/2031
207‌
204‌
2.50%,
08/01/2028
160‌
162‌
2.50%,
09/01/2029
377‌
382‌
2.50%,
12/01/2029
484‌
490‌
2.50%,
01/01/2030
500‌
506‌
2.50%,
09/01/2030
1,149‌
1,163‌
2.50%,
01/01/2031
264‌
266‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
24
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
(continued)
2.50%,
01/01/2031
$
433‌
$
438‌
2.50%,
02/01/2031
435‌
440‌
2.50%,
04/01/2031
143‌
144‌
2.50%,
12/01/2031
669‌
677‌
2.50%,
01/01/2032
700‌
708‌
2.50%,
03/01/2032
212‌
215‌
2.50%,
11/01/2032
286‌
289‌
2.50%,
03/01/2033
255‌
258‌
2.50%,
04/01/2033
241‌
244‌
2.50%,
05/01/2033
634‌
641‌
2.50%,
06/01/2033
447‌
453‌
2.50%,
11/01/2036
149‌
150‌
3.00%,
11/01/2028
326‌
336‌
3.00%,
04/01/2029
299‌
308‌
3.00%,
09/01/2029
278‌
286‌
3.00%,
10/01/2029
408‌
420‌
3.00%,
11/01/2029
184‌
189‌
3.00%,
01/01/2030
162‌
166‌
3.00%,
04/01/2030
105‌
108‌
3.00%,
11/01/2030
152‌
157‌
3.00%,
01/01/2031
531‌
547‌
3.00%,
03/01/2031
106‌
109‌
3.00%,
04/01/2031
423‌
435‌
3.00%,
05/01/2032
440‌
454‌
3.00%,
12/01/2032
225‌
231‌
3.00%,
02/01/2033
172‌
177‌
3.00%,
03/01/2033
240‌
248‌
3.00%,
04/01/2033
60‌
62‌
3.00%,
07/01/2033
384‌
393‌
3.00%,
09/01/2033
170‌
175‌
3.00%,
10/01/2033
228‌
234‌
3.00%,
09/01/2034
300‌
309‌
3.00%,
10/01/2034
216‌
223‌
3.00%,
12/01/2034
67‌
69‌
3.00%,
04/01/2035
177‌
181‌
3.00%,
06/01/2035
253‌
260‌
3.00%,
04/01/2036
169‌
174‌
3.00%,
04/01/2036
123‌
126‌
3.00%,
09/01/2036
211‌
217‌
3.00%,
09/01/2036
99‌
102‌
3.00%,
11/01/2036
72‌
74‌
3.00%,
02/01/2037
214‌
220‌
3.00%,
04/01/2038
210‌
215‌
3.00%,
09/01/2042
1,522‌
1,567‌
3.00%,
10/01/2042
366‌
377‌
3.00%,
11/01/2042
610‌
628‌
3.00%,
01/01/2043
109‌
113‌
3.00%,
02/01/2043
586‌
604‌
3.00%,
04/01/2043
987‌
1,016‌
3.00%,
07/01/2043
128‌
132‌
3.00%,
08/01/2043
986‌
1,015‌
3.00%,
08/01/2043
799‌
820‌
3.00%,
09/01/2043
168‌
173‌
3.00%,
10/01/2043
130‌
134‌
3.00%,
12/01/2044
460‌
472‌
3.00%,
01/01/2045
125‌
128‌
3.00%,
03/01/2045
281‌
288‌
3.00%,
04/01/2045
844‌
866‌
3.00%,
06/01/2045
557‌
571‌
3.00%,
08/01/2045
881‌
903‌
3.00%,
12/01/2045
1,038‌
1,064‌
3.00%,
01/01/2046
100‌
103‌
3.00%,
03/01/2046
629‌
644‌
3.00%,
04/01/2046
1,147‌
1,175‌
3.00%,
04/01/2046
343‌
352‌
3.00%,
06/01/2046
927‌
950‌
3.00%,
06/01/2046
351‌
360‌
3.00%,
07/01/2046
384‌
393‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
(continued)
3.00%,
09/01/2046
$
948‌
$
973‌
3.00%,
10/01/2046
99‌
102‌
3.00%,
10/01/2046
235‌
241‌
3.00%,
11/01/2046
384‌
393‌
3.00%,
11/01/2046
454‌
465‌
3.00%,
11/01/2046
853‌
874‌
3.00%,
11/01/2046
1,049‌
1,075‌
3.00%,
12/01/2046
1,026‌
1,051‌
3.00%,
12/01/2046
988‌
1,013‌
3.00%,
01/01/2047
557‌
571‌
3.00%,
02/01/2047
393‌
403‌
3.00%,
03/01/2047
309‌
316‌
3.00%,
04/01/2047
900‌
922‌
3.00%,
09/01/2047
360‌
368‌
3.00%,
10/01/2047
538‌
549‌
3.00%,
01/01/2048
468‌
477‌
3.50%,
12/01/2031
273‌
284‌
3.50%,
09/01/2033
306‌
318‌
3.50%,
05/01/2034
104‌
109‌
3.50%,
05/01/2034
296‌
309‌
3.50%,
11/01/2034
126‌
131‌
3.50%,
01/01/2035
248‌
259‌
3.50%,
06/01/2035
214‌
223‌
3.50%,
03/01/2037
459‌
477‌
3.50%,
04/01/2037
109‌
113‌
3.50%,
06/01/2037
235‌
245‌
3.50%,
06/01/2042
862‌
907‌
3.50%,
06/01/2042
186‌
196‌
3.50%,
06/01/2042
692‌
732‌
3.50%,
07/01/2042
1,885‌
1,986‌
3.50%,
10/01/2042
969‌
1,020‌
3.50%,
08/01/2043
351‌
369‌
3.50%,
01/01/2044
449‌
471‌
3.50%,
01/01/2045
605‌
634‌
3.50%,
02/01/2045
169‌
176‌
3.50%,
03/01/2045
427‌
446‌
3.50%,
03/01/2045
835‌
871‌
3.50%,
06/01/2045
449‌
468‌
3.50%,
07/01/2045
438‌
457‌
3.50%,
08/01/2045
289‌
301‌
3.50%,
09/01/2045
576‌
600‌
3.50%,
09/01/2045
423‌
441‌
3.50%,
10/01/2045
54‌
56‌
3.50%,
12/01/2045
1,130‌
1,179‌
3.50%,
01/01/2046
1,005‌
1,049‌
3.50%,
03/01/2046
694‌
724‌
3.50%,
03/01/2046
2,192‌
2,286‌
3.50%,
04/01/2046
1,111‌
1,158‌
3.50%,
04/01/2046
525‌
545‌
3.50%,
05/01/2046
750‌
780‌
3.50%,
05/01/2046
682‌
711‌
3.50%,
06/01/2046
603‌
630‌
3.50%,
08/01/2046
285‌
295‌
3.50%,
09/01/2046
475‌
488‌
3.50%,
04/01/2047
736‌
765‌
3.50%,
11/01/2047
1,351‌
1,396‌
3.50%,
11/01/2047
876‌
908‌
3.50%,
12/01/2047
1,166‌
1,209‌
3.50%,
12/01/2047
1,327‌
1,378‌
3.50%,
12/01/2047
562‌
582‌
3.50%,
12/01/2047
605‌
627‌
3.50%,
01/01/2048
1,326‌
1,374‌
3.50%,
03/01/2048
1,073‌
1,112‌
3.50%,
06/01/2048
408‌
421‌
3.50%,
08/01/2048
783‌
804‌
4.00%,
12/01/2024
129‌
135‌
4.00%,
12/01/2030
26‌
28‌
4.00%,
11/01/2033
181‌
192‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
25
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
(continued)
4.00%,
07/01/2034
$
124‌
$
132‌
4.00%,
04/01/2038
305‌
321‌
4.00%,
12/01/2040
259‌
277‌
4.00%,
02/01/2044
236‌
251‌
4.00%,
04/01/2044
323‌
342‌
4.00%,
05/01/2044
130‌
138‌
4.00%,
06/01/2044
233‌
247‌
4.00%,
07/01/2044
425‌
449‌
4.00%,
09/01/2044
144‌
152‌
4.00%,
11/01/2044
422‌
447‌
4.00%,
12/01/2044
1,675‌
1,772‌
4.00%,
01/01/2045
421‌
446‌
4.00%,
04/01/2045
63‌
67‌
4.00%,
05/01/2045
220‌
232‌
4.00%,
07/01/2045
319‌
338‌
4.00%,
08/01/2045
591‌
626‌
4.00%,
09/01/2045
1,526‌
1,614‌
4.00%,
10/01/2045
122‌
129‌
4.00%,
10/01/2045
849‌
898‌
4.00%,
11/01/2045
91‌
96‌
4.00%,
12/01/2045
116‌
123‌
4.00%,
02/01/2046
170‌
180‌
4.00%,
05/01/2046
237‌
250‌
4.00%,
03/01/2047
462‌
485‌
4.00%,
10/01/2047
880‌
922‌
4.00%,
12/01/2047
1,100‌
1,152‌
4.00%,
07/01/2048
913‌
950‌
4.00%,
09/01/2048
367‌
381‌
4.00%,
11/01/2048
434‌
452‌
4.00%,
11/01/2048
1,133‌
1,176‌
4.50%,
10/01/2030
114‌
121‌
4.50%,
05/01/2031
13‌
14‌
4.50%,
10/01/2039
422‌
458‌
4.50%,
02/01/2041
249‌
270‌
4.50%,
03/01/2041
341‌
370‌
4.50%,
09/01/2043
141‌
152‌
4.50%,
11/01/2043
337‌
364‌
4.50%,
12/01/2043
216‌
232‌
4.50%,
03/01/2044
459‌
493‌
4.50%,
04/01/2044
213‌
229‌
4.50%,
09/01/2044
306‌
329‌
4.50%,
10/01/2044
109‌
115‌
4.50%,
02/01/2047
109‌
115‌
4.50%,
03/01/2047
193‌
204‌
4.50%,
07/01/2047
162‌
171‌
4.50%,
11/01/2047
39‌
41‌
4.50%,
05/01/2048
442‌
465‌
4.50%,
07/01/2048
212‌
223‌
4.50%,
09/01/2048
1,103‌
1,161‌
4.50%,
11/01/2048
716‌
753‌
4.50%,
05/01/2049
8,353‌
8,834‌
5.00%,
11/01/2035
93‌
103‌
5.00%,
12/01/2036
254‌
280‌
5.00%,
08/01/2039
122‌
133‌
5.00%,
11/01/2039
326‌
360‌
5.00%,
03/01/2041
118‌
130‌
5.00%,
12/01/2041
138‌
151‌
5.00%,
02/01/2042
559‌
616‌
5.00%,
04/01/2044
139‌
154‌
5.00%,
02/01/2048
201‌
215‌
5.00%,
06/01/2048
233‌
249‌
5.00%,
07/01/2048
112‌
120‌
5.50%,
06/01/2034
105‌
116‌
5.50%,
07/01/2038
115‌
129‌
5.50%,
07/01/2038
134‌
150‌
5.50%,
12/01/2038
245‌
275‌
5.50%,
10/01/2039
352‌
393‌
5.50%,
06/01/2041
151‌
169‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
(continued)
6.00%,
04/01/2023
$
1‌
$
1‌
6.00%,
04/01/2038
373‌
429‌
6.00%,
11/01/2038
129‌
145‌
$
107,680‌
Federal
National
Mortgage
Association
(FNMA)
-
0.17%
3.50%,
01/01/2035
(k)
4,000‌
4,145‌
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
13.32%
2.00%,
09/01/2029
383‌
382‌
2.00%,
05/01/2030
159‌
158‌
2.00%,
12/01/2031
280‌
277‌
2.00%,
02/01/2032
166‌
165‌
2.50%,
01/01/2028
151‌
152‌
2.50%,
07/01/2028
386‌
390‌
2.50%,
07/01/2028
140‌
142‌
2.50%,
11/01/2028
481‌
486‌
2.50%,
09/01/2029
315‌
318‌
2.50%,
02/01/2030
106‌
108‌
2.50%,
03/01/2030
339‌
343‌
2.50%,
05/01/2030
357‌
361‌
2.50%,
07/01/2030
139‌
141‌
2.50%,
08/01/2030
381‌
385‌
2.50%,
08/01/2030
448‌
453‌
2.50%,
12/01/2030
478‌
483‌
2.50%,
03/01/2031
103‌
104‌
2.50%,
03/01/2031
415‌
419‌
2.50%,
03/01/2031
563‌
570‌
2.50%,
05/01/2031
204‌
206‌
2.50%,
07/01/2031
481‌
487‌
2.50%,
11/01/2031
681‌
689‌
2.50%,
11/01/2031
339‌
343‌
2.50%,
12/01/2031
139‌
140‌
2.50%,
01/01/2032
348‌
352‌
2.50%,
01/01/2032
203‌
206‌
2.50%,
02/01/2032
193‌
195‌
2.50%,
03/01/2032
215‌
218‌
2.50%,
09/01/2032
191‌
193‌
2.50%,
12/01/2032
444‌
449‌
2.50%,
01/01/2033
599‌
606‌
2.50%,
04/01/2033
1,759‌
1,779‌
2.50%,
07/01/2033
19‌
19‌
2.50%,
10/01/2034
3,044‌
3,072‌
2.50%,
10/01/2036
217‌
219‌
2.50%,
10/01/2036
75‌
75‌
2.50%,
12/01/2036
194‌
195‌
2.50%,
01/01/2043
147‌
147‌
2.50%,
05/01/2043
183‌
183‌
2.50%,
10/01/2043
143‌
142‌
2.50%,
08/01/2046
141‌
141‌
2.50%,
12/01/2046
186‌
186‌
2.50%,
12/01/2046
183‌
183‌
2.50%,
01/01/2050
(k)
4,500‌
4,453‌
3.00%,
12/01/2020
1‌
1‌
3.00%,
04/01/2027
126‌
129‌
3.00%,
01/01/2029
110‌
114‌
3.00%,
02/01/2029
92‌
94‌
3.00%,
12/01/2029
98‌
100‌
3.00%,
12/01/2029
209‌
215‌
3.00%,
01/01/2030
489‌
503‌
3.00%,
01/01/2030
104‌
106‌
3.00%,
01/01/2030
575‌
591‌
3.00%,
06/01/2030
361‌
371‌
3.00%,
07/01/2030
665‌
684‌
3.00%,
09/01/2030
119‌
122‌
3.00%,
10/01/2030
535‌
550‌
3.00%,
11/01/2030
507‌
522‌
3.00%,
12/01/2030
450‌
463‌
3.00%,
12/01/2030
96‌
99‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
26
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
3.00%,
02/01/2031
$
400‌
$
411‌
3.00%,
03/01/2031
283‌
291‌
3.00%,
04/01/2031
120‌
123‌
3.00%,
09/01/2031
583‌
600‌
3.00%,
12/01/2031
248‌
255‌
3.00%,
08/01/2032
532‌
545‌
3.00%,
09/01/2032
147‌
151‌
3.00%,
01/01/2033
58‌
59‌
3.00%,
04/01/2033
57‌
59‌
3.00%,
07/01/2033
245‌
251‌
3.00%,
02/01/2034
190‌
194‌
3.00%,
08/01/2034
592‌
611‌
3.00%,
09/01/2034
417‌
429‌
3.00%,
11/01/2034
316‌
325‌
3.00%,
12/01/2034
152‌
156‌
3.00%,
01/01/2035
(k)
7,900‌
8,082‌
3.00%,
02/01/2035
225‌
231‌
3.00%,
02/01/2035
133‌
137‌
3.00%,
05/01/2035
679‌
697‌
3.00%,
06/01/2035
390‌
401‌
3.00%,
11/01/2035
165‌
169‌
3.00%,
02/01/2036
174‌
179‌
3.00%,
07/01/2036
287‌
295‌
3.00%,
12/01/2036
315‌
324‌
3.00%,
12/01/2036
344‌
353‌
3.00%,
12/01/2036
198‌
204‌
3.00%,
02/01/2037
318‌
327‌
3.00%,
11/01/2039
1,992‌
2,040‌
3.00%,
04/01/2042
166‌
171‌
3.00%,
11/01/2042
626‌
644‌
3.00%,
11/01/2042
742‌
764‌
3.00%,
12/01/2042
1,621‌
1,668‌
3.00%,
04/01/2043
656‌
675‌
3.00%,
04/01/2043
649‌
668‌
3.00%,
04/01/2043
357‌
367‌
3.00%,
04/01/2043
17‌
17‌
3.00%,
04/01/2043
170‌
174‌
3.00%,
05/01/2043
158‌
163‌
3.00%,
05/01/2043
304‌
313‌
3.00%,
05/01/2043
516‌
531‌
3.00%,
05/01/2043
633‌
652‌
3.00%,
05/01/2043
1,190‌
1,225‌
3.00%,
06/01/2043
750‌
770‌
3.00%,
06/01/2043
544‌
560‌
3.00%,
06/01/2043
184‌
189‌
3.00%,
07/01/2043
672‌
691‌
3.00%,
07/01/2043
799‌
822‌
3.00%,
07/01/2043
156‌
161‌
3.00%,
07/01/2043
931‌
958‌
3.00%,
08/01/2043
107‌
110‌
3.00%,
08/01/2043
885‌
911‌
3.00%,
10/01/2043
751‌
773‌
3.00%,
10/01/2043
404‌
415‌
3.00%,
11/01/2043
173‌
178‌
3.00%,
01/01/2045
205‌
210‌
3.00%,
01/01/2045
1,014‌
1,044‌
3.00%,
01/01/2045
380‌
390‌
3.00%,
08/01/2045
249‌
255‌
3.00%,
12/01/2045
347‌
355‌
3.00%,
12/01/2045
425‌
435‌
3.00%,
01/01/2046
611‌
626‌
3.00%,
03/01/2046
298‌
305‌
3.00%,
04/01/2046
1,468‌
1,503‌
3.00%,
04/01/2046
750‌
769‌
3.00%,
04/01/2046
110‌
112‌
3.00%,
05/01/2046
285‌
292‌
3.00%,
05/01/2046
233‌
238‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
3.00%,
05/01/2046
$
608‌
$
623‌
3.00%,
08/01/2046
226‌
231‌
3.00%,
09/01/2046
959‌
982‌
3.00%,
10/01/2046
1,006‌
1,030‌
3.00%,
11/01/2046
915‌
937‌
3.00%,
11/01/2046
554‌
567‌
3.00%,
11/01/2046
685‌
702‌
3.00%,
11/01/2046
458‌
469‌
3.00%,
11/01/2046
1,076‌
1,102‌
3.00%,
11/01/2046
1,332‌
1,364‌
3.00%,
11/01/2046
929‌
951‌
3.00%,
12/01/2046
957‌
980‌
3.00%,
12/01/2046
916‌
939‌
3.00%,
12/01/2046
404‌
414‌
3.00%,
01/01/2047
1,025‌
1,049‌
3.00%,
02/01/2047
391‌
400‌
3.00%,
02/01/2047
577‌
591‌
3.00%,
03/01/2047
316‌
323‌
3.00%,
07/01/2047
1,189‌
1,218‌
3.00%,
09/01/2048
515‌
523‌
3.00%,
10/01/2049
4,493‌
4,563‌
3.00%,
10/01/2049
3,343‌
3,395‌
3.00%,
10/01/2049
1,990‌
2,021‌
3.00%,
10/01/2049
3,597‌
3,654‌
3.00%,
10/01/2049
4,017‌
4,087‌
3.00%,
11/01/2049
3,000‌
3,047‌
3.00%,
11/01/2049
9,959‌
10,115‌
3.00%,
11/01/2049
1,823‌
1,855‌
3.50%,
12/01/2025
110‌
114‌
3.50%,
01/01/2026
357‌
370‌
3.50%,
10/01/2026
297‌
308‌
3.50%,
12/01/2026
190‌
197‌
3.50%,
06/01/2027
192‌
199‌
3.50%,
03/01/2029
133‌
138‌
3.50%,
09/01/2029
213‌
221‌
3.50%,
10/01/2029
311‌
322‌
3.50%,
11/01/2030
117‌
122‌
3.50%,
04/01/2032
27‌
29‌
3.50%,
07/01/2032
22‌
23‌
3.50%,
09/01/2032
25‌
26‌
3.50%,
10/01/2033
14‌
15‌
3.50%,
10/01/2033
334‌
347‌
3.50%,
10/01/2033
412‌
427‌
3.50%,
05/01/2034
81‌
84‌
3.50%,
06/01/2034
58‌
61‌
3.50%,
07/01/2034
367‌
383‌
3.50%,
09/01/2034
283‌
296‌
3.50%,
10/01/2034
89‌
93‌
3.50%,
12/01/2035
515‌
536‌
3.50%,
02/01/2036
108‌
113‌
3.50%,
07/01/2036
170‌
177‌
3.50%,
08/01/2036
177‌
183‌
3.50%,
02/01/2037
86‌
90‌
3.50%,
05/01/2037
145‌
151‌
3.50%,
06/01/2038
278‌
289‌
3.50%,
07/01/2038
272‌
283‌
3.50%,
03/01/2041
44‌
47‌
3.50%,
02/01/2042
427‌
449‌
3.50%,
03/01/2042
102‌
107‌
3.50%,
05/01/2042
634‌
666‌
3.50%,
06/01/2042
578‌
607‌
3.50%,
07/01/2042
105‌
110‌
3.50%,
10/01/2042
812‌
854‌
3.50%,
04/01/2043
773‌
813‌
3.50%,
05/01/2043
788‌
828‌
3.50%,
05/01/2043
469‌
493‌
3.50%,
06/01/2043
142‌
149‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
27
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
3.50%,
08/01/2043
$
580‌
$
609‌
3.50%,
09/01/2043
1,509‌
1,587‌
3.50%,
11/01/2043
227‌
239‌
3.50%,
01/01/2044
190‌
200‌
3.50%,
07/01/2044
854‌
899‌
3.50%,
10/01/2044
364‌
380‌
3.50%,
11/01/2044
403‌
421‌
3.50%,
12/01/2044
543‌
566‌
3.50%,
12/01/2044
518‌
541‌
3.50%,
01/01/2045
616‌
642‌
3.50%,
02/01/2045
636‌
663‌
3.50%,
02/01/2045
412‌
426‌
3.50%,
04/01/2045
505‌
530‌
3.50%,
04/01/2045
384‌
401‌
3.50%,
07/01/2045
663‌
690‌
3.50%,
08/01/2045
377‌
394‌
3.50%,
08/01/2045
415‌
433‌
3.50%,
09/01/2045
337‌
351‌
3.50%,
10/01/2045
193‌
202‌
3.50%,
10/01/2045
259‌
270‌
3.50%,
11/01/2045
263‌
274‌
3.50%,
11/01/2045
485‌
505‌
3.50%,
11/01/2045
469‌
489‌
3.50%,
11/01/2045
494‌
515‌
3.50%,
12/01/2045
711‌
741‌
3.50%,
12/01/2045
656‌
682‌
3.50%,
12/01/2045
561‌
584‌
3.50%,
12/01/2045
599‌
624‌
3.50%,
12/01/2045
213‌
222‌
3.50%,
12/01/2045
293‌
305‌
3.50%,
12/01/2045
38‌
40‌
3.50%,
01/01/2046
155‌
162‌
3.50%,
01/01/2046
685‌
714‌
3.50%,
01/01/2046
660‌
688‌
3.50%,
01/01/2046
686‌
714‌
3.50%,
02/01/2046
252‌
262‌
3.50%,
03/01/2046
185‌
193‌
3.50%,
03/01/2046
568‌
591‌
3.50%,
03/01/2046
625‌
651‌
3.50%,
03/01/2046
539‌
562‌
3.50%,
03/01/2046
795‌
829‌
3.50%,
04/01/2046
765‌
797‌
3.50%,
04/01/2046
135‌
141‌
3.50%,
05/01/2046
309‌
321‌
3.50%,
05/01/2046
133‌
139‌
3.50%,
06/01/2046
153‌
159‌
3.50%,
07/01/2046
676‌
704‌
3.50%,
09/01/2046
450‌
469‌
3.50%,
12/01/2046
546‌
569‌
3.50%,
02/01/2047
962‌
1,001‌
3.50%,
03/01/2047
441‌
458‌
3.50%,
06/01/2047
952‌
988‌
3.50%,
09/01/2047
1,516‌
1,572‌
3.50%,
10/01/2047
1,052‌
1,090‌
3.50%,
10/01/2047
1,074‌
1,113‌
3.50%,
11/01/2047
1,244‌
1,288‌
3.50%,
12/01/2047
1,529‌
1,585‌
3.50%,
12/01/2047
1,063‌
1,102‌
3.50%,
01/01/2048
1,365‌
1,414‌
3.50%,
02/01/2048
490‌
507‌
3.50%,
02/01/2048
1,115‌
1,154‌
3.50%,
03/01/2048
114‌
118‌
3.50%,
04/01/2048
891‌
922‌
3.50%,
06/01/2048
333‌
344‌
3.50%,
09/01/2048
369‌
381‌
3.50%,
10/01/2048
77‌
79‌
3.50%,
10/01/2048
469‌
482‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
3.50%,
02/01/2049
$
562‌
$
578‌
3.50%,
04/01/2049
1,250‌
1,291‌
3.50%,
06/01/2049
1,291‌
1,331‌
3.50%,
06/01/2049
4,689‌
4,828‌
3.50%,
06/01/2049
958‌
988‌
3.50%,
07/01/2049
3,803‌
3,919‌
3.50%,
07/01/2049
5,865‌
6,038‌
3.50%,
07/01/2049
3,602‌
3,716‌
3.50%,
08/01/2049
2,966‌
3,050‌
3.50%,
09/01/2049
4,891‌
5,033‌
3.50%,
09/01/2049
3,897‌
4,025‌
3.50%,
09/01/2049
2,718‌
2,822‌
3.50%,
10/01/2049
2,982‌
3,069‌
3.50%,
11/01/2049
1,040‌
1,080‌
3.50%,
11/01/2049
1,100‌
1,141‌
3.50%,
11/01/2049
1,500‌
1,544‌
3.50%,
11/01/2049
670‌
695‌
3.50%,
11/01/2049
1,600‌
1,662‌
3.50%,
11/01/2049
660‌
685‌
4.00%,
12/01/2024
218‌
227‌
4.00%,
04/01/2029
10‌
11‌
4.00%,
12/01/2030
14‌
15‌
4.00%,
03/01/2031
128‌
133‌
4.00%,
03/01/2031
756‌
790‌
4.00%,
11/01/2031
17‌
19‌
4.00%,
11/01/2033
86‌
90‌
4.00%,
11/01/2033
301‌
320‌
4.00%,
10/01/2034
196‌
208‌
4.00%,
02/01/2036
279‌
296‌
4.00%,
01/01/2037
94‌
100‌
4.00%,
10/01/2037
165‌
174‌
4.00%,
03/01/2038
79‌
83‌
4.00%,
07/01/2038
363‌
381‌
4.00%,
12/01/2038
246‌
257‌
4.00%,
01/01/2039
351‌
365‌
4.00%,
09/01/2040
114‌
122‌
4.00%,
01/01/2041
112‌
120‌
4.00%,
02/01/2041
42‌
45‌
4.00%,
12/01/2041
203‌
218‌
4.00%,
06/01/2042
294‌
314‌
4.00%,
06/01/2042
157‌
167‌
4.00%,
07/01/2042
887‌
946‌
4.00%,
12/01/2042
328‌
351‌
4.00%,
06/01/2043
418‌
447‌
4.00%,
09/01/2043
527‌
561‌
4.00%,
11/01/2043
515‌
545‌
4.00%,
11/01/2043
468‌
496‌
4.00%,
05/01/2044
144‌
152‌
4.00%,
08/01/2044
134‌
141‌
4.00%,
08/01/2044
429‌
454‌
4.00%,
08/01/2044
187‌
197‌
4.00%,
09/01/2044
180‌
190‌
4.00%,
09/01/2044
195‌
207‌
4.00%,
10/01/2044
113‌
120‌
4.00%,
11/01/2044
106‌
110‌
4.00%,
11/01/2044
130‌
138‌
4.00%,
11/01/2044
99‌
105‌
4.00%,
11/01/2044
212‌
222‌
4.00%,
12/01/2044
285‌
301‌
4.00%,
12/01/2044
232‌
245‌
4.00%,
01/01/2045
445‌
470‌
4.00%,
01/01/2045
165‌
175‌
4.00%,
02/01/2045
404‌
427‌
4.00%,
02/01/2045
161‌
168‌
4.00%,
03/01/2045
113‌
119‌
4.00%,
04/01/2045
309‌
323‌
4.00%,
08/01/2045
160‌
169‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
28
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
4.00%,
09/01/2045
$
140‌
$
148‌
4.00%,
09/01/2045
537‌
568‌
4.00%,
11/01/2045
640‌
677‌
4.00%,
12/01/2045
233‌
246‌
4.00%,
12/01/2045
168‌
178‌
4.00%,
02/01/2046
437‌
461‌
4.00%,
03/01/2046
921‌
973‌
4.00%,
04/01/2046
432‌
455‌
4.00%,
07/01/2046
155‌
162‌
4.00%,
03/01/2047
661‌
692‌
4.00%,
06/01/2047
295‌
310‌
4.00%,
08/01/2047
491‌
516‌
4.00%,
10/01/2047
503‌
528‌
4.00%,
11/01/2047
1,848‌
1,936‌
4.00%,
01/01/2048
1,465‌
1,533‌
4.00%,
01/01/2048
1,442‌
1,512‌
4.00%,
05/01/2048
418‌
448‌
4.00%,
06/01/2048
1,273‌
1,326‌
4.00%,
06/01/2048
8,641‌
8,976‌
4.00%,
06/01/2048
1,023‌
1,062‌
4.00%,
07/01/2048
743‌
772‌
4.00%,
07/01/2048
382‌
396‌
4.00%,
08/01/2048
822‌
855‌
4.00%,
09/01/2048
824‌
855‌
4.00%,
09/01/2048
6,535‌
6,785‌
4.00%,
09/01/2048
1,080‌
1,122‌
4.00%,
09/01/2048
924‌
960‌
4.00%,
10/01/2048
367‌
390‌
4.00%,
11/01/2048
1,045‌
1,084‌
4.00%,
01/01/2049
8,013‌
8,492‌
4.00%,
03/01/2049
1,782‌
1,847‌
4.00%,
03/01/2049
799‌
832‌
4.00%,
03/01/2049
1,091‌
1,131‌
4.00%,
04/01/2049
524‌
543‌
4.00%,
04/01/2049
638‌
663‌
4.00%,
04/01/2049
990‌
1,029‌
4.00%,
07/01/2049
2,992‌
3,111‌
4.00%,
08/01/2049
4,888‌
5,097‌
4.00%,
10/01/2049
5,462‌
5,755‌
4.00%,
10/01/2049
4,393‌
4,590‌
4.00%,
11/01/2049
2,997‌
3,116‌
4.50%,
08/01/2023
110‌
115‌
4.50%,
06/01/2029
24‌
25‌
4.50%,
07/01/2029
5‌
6‌
4.50%,
08/01/2030
13‌
14‌
4.50%,
01/01/2034
38‌
41‌
4.50%,
04/01/2039
149‌
161‌
4.50%,
09/01/2040
294‌
318‌
4.50%,
05/01/2041
350‌
379‌
4.50%,
08/01/2041
344‌
373‌
4.50%,
09/01/2041
418‌
454‌
4.50%,
09/01/2043
274‌
296‌
4.50%,
11/01/2043
294‌
316‌
4.50%,
11/01/2043
174‌
187‌
4.50%,
01/01/2044
289‌
310‌
4.50%,
02/01/2044
93‌
100‌
4.50%,
03/01/2044
255‌
273‌
4.50%,
04/01/2044
384‌
413‌
4.50%,
04/01/2044
208‌
224‌
4.50%,
05/01/2044
90‌
97‌
4.50%,
05/01/2044
312‌
335‌
4.50%,
05/01/2044
299‌
321‌
4.50%,
08/01/2044
351‌
376‌
4.50%,
08/01/2044
71‌
75‌
4.50%,
10/01/2044
208‌
221‌
4.50%,
11/01/2044
76‌
81‌
4.50%,
04/01/2045
86‌
91‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
4.50%,
04/01/2046
$
106‌
$
114‌
4.50%,
05/01/2046
218‌
234‌
4.50%,
01/01/2047
147‌
156‌
4.50%,
01/01/2047
452‌
478‌
4.50%,
03/01/2048
553‌
582‌
4.50%,
04/01/2048
340‌
357‌
4.50%,
06/01/2048
410‌
430‌
4.50%,
08/01/2048
193‌
203‌
4.50%,
10/01/2048
2,296‌
2,416‌
4.50%,
11/01/2048
156‌
164‌
4.50%,
11/01/2048
980‌
1,032‌
4.50%,
12/01/2048
959‌
1,008‌
4.50%,
12/01/2048
711‌
747‌
4.50%,
02/01/2049
513‌
539‌
4.50%,
04/01/2049
1,287‌
1,350‌
4.50%,
07/01/2049
1,901‌
2,005‌
4.50%,
07/01/2049
1,752‌
1,845‌
4.50%,
09/01/2049
3,930‌
4,138‌
5.00%,
12/01/2025
36‌
38‌
5.00%,
01/01/2039
612‌
674‌
5.00%,
07/01/2039
217‌
240‌
5.00%,
02/01/2041
205‌
226‌
5.00%,
02/01/2041
128‌
141‌
5.00%,
04/01/2041
458‌
507‌
5.00%,
05/01/2042
248‌
273‌
5.00%,
07/01/2042
116‌
128‌
5.00%,
03/01/2044
98‌
107‌
5.00%,
05/01/2044
158‌
173‌
5.00%,
02/01/2045
216‌
238‌
5.00%,
06/01/2045
598‌
660‌
5.00%,
05/01/2048
365‌
391‌
5.00%,
06/01/2048
219‌
235‌
5.00%,
08/01/2048
122‌
130‌
5.00%,
09/01/2048
123‌
131‌
5.00%,
05/01/2049
274‌
293‌
5.00%,
06/01/2049
2,196‌
2,348‌
5.00%,
07/01/2049
362‌
391‌
5.00%,
08/01/2049
1,961‌
2,114‌
5.50%,
12/01/2027
55‌
59‌
5.50%,
03/01/2038
121‌
135‌
5.50%,
05/01/2038
146‌
164‌
5.50%,
06/01/2038
203‌
228‌
5.50%,
09/01/2038
319‌
360‌
5.50%,
11/01/2038
170‌
191‌
5.50%,
04/01/2039
167‌
188‌
5.50%,
04/01/2040
216‌
242‌
6.00%,
04/01/2026
28‌
31‌
6.00%,
10/01/2036
153‌
175‌
$
329,394‌
Government
National
Mortgage
Association
(GNMA)
-
7.20%
2.50%,
06/20/2027
150‌
153‌
2.50%,
12/20/2030
138‌
140‌
2.50%,
03/20/2031
230‌
233‌
2.50%,
07/20/2043
168‌
171‌
2.50%,
12/20/2046
547‌
553‌
2.50%,
01/20/2047
186‌
187‌
3.00%,
02/15/2027
96‌
98‌
3.00%,
08/20/2029
110‌
114‌
3.00%,
09/20/2029
128‌
131‌
3.00%,
07/20/2030
99‌
102‌
3.00%,
01/20/2031
109‌
112‌
3.00%,
07/20/2032
149‌
152‌
3.00%,
09/20/2042
96‌
100‌
3.00%,
11/20/2042
714‌
740‌
3.00%,
12/20/2042
529‌
549‌
3.00%,
01/20/2043
520‌
539‌
3.00%,
03/20/2043
666‌
691‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
29
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Government
National
Mortgage
Association
(GNMA)
(continued)
3.00%,
03/20/2043
$
110‌
$
113‌
3.00%,
03/20/2043
585‌
602‌
3.00%,
04/20/2043
836‌
867‌
3.00%,
06/20/2043
744‌
771‌
3.00%,
08/20/2043
812‌
841‌
3.00%,
05/20/2044
306‌
317‌
3.00%,
12/15/2044
98‌
100‌
3.00%,
12/20/2044
967‌
1,001‌
3.00%,
01/15/2045
109‌
112‌
3.00%,
01/15/2045
107‌
110‌
3.00%,
02/20/2045
98‌
102‌
3.00%,
05/20/2045
649‌
673‌
3.00%,
06/20/2045
264‌
274‌
3.00%,
08/20/2045
829‌
862‌
3.00%,
09/20/2045
355‌
367‌
3.00%,
10/20/2045
772‌
798‌
3.00%,
12/20/2045
429‌
443‌
3.00%,
01/20/2046
196‌
203‌
3.00%,
03/20/2046
830‌
857‌
3.00%,
04/20/2046
793‌
821‌
3.00%,
05/20/2046
1,378‌
1,423‌
3.00%,
06/20/2046
986‌
1,018‌
3.00%,
07/20/2046
823‌
850‌
3.00%,
08/20/2046
1,257‌
1,299‌
3.00%,
09/20/2046
937‌
968‌
3.00%,
10/20/2046
704‌
727‌
3.00%,
11/20/2046
933‌
962‌
3.00%,
11/20/2046
1,364‌
1,409‌
3.00%,
12/15/2046
229‌
236‌
3.00%,
12/20/2046
1,183‌
1,222‌
3.00%,
01/20/2047
915‌
944‌
3.00%,
09/20/2047
261‌
269‌
3.00%,
11/20/2047
1,014‌
1,043‌
3.00%,
02/20/2048
861‌
887‌
3.00%,
12/01/2049
8,500‌
8,736‌
3.00%,
01/01/2050
8,000‌
8,215‌
3.50%,
05/20/2042
204‌
216‌
3.50%,
06/20/2042
208‌
220‌
3.50%,
07/20/2042
820‌
868‌
3.50%,
09/20/2042
615‌
649‌
3.50%,
10/20/2042
442‌
466‌
3.50%,
11/20/2042
386‌
409‌
3.50%,
12/20/2042
391‌
414‌
3.50%,
01/20/2043
633‌
668‌
3.50%,
02/20/2043
1,011‌
1,067‌
3.50%,
03/20/2043
694‌
735‌
3.50%,
04/15/2043
328‌
344‌
3.50%,
04/20/2043
473‌
501‌
3.50%,
05/20/2043
304‌
321‌
3.50%,
07/20/2043
393‌
416‌
3.50%,
08/20/2043
1,015‌
1,072‌
3.50%,
09/20/2043
714‌
754‌
3.50%,
10/20/2043
339‌
358‌
3.50%,
09/20/2044
329‌
344‌
3.50%,
10/20/2044
383‌
401‌
3.50%,
11/20/2044
377‌
395‌
3.50%,
12/20/2044
393‌
412‌
3.50%,
01/20/2045
382‌
400‌
3.50%,
02/20/2045
523‌
547‌
3.50%,
03/15/2045
114‌
119‌
3.50%,
03/20/2045
668‌
699‌
3.50%,
04/15/2045
90‌
93‌
3.50%,
04/20/2045
414‌
433‌
3.50%,
04/20/2045
515‌
540‌
3.50%,
05/20/2045
677‌
710‌
3.50%,
06/20/2045
101‌
106‌
3.50%,
07/20/2045
561‌
587‌
3.50%,
08/20/2045
599‌
627‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Government
National
Mortgage
Association
(GNMA)
(continued)
3.50%,
09/20/2045
$
582‌
$
608‌
3.50%,
10/20/2045
530‌
557‌
3.50%,
11/20/2045
922‌
964‌
3.50%,
12/20/2045
668‌
700‌
3.50%,
01/20/2046
1,439‌
1,505‌
3.50%,
02/20/2046
574‌
600‌
3.50%,
03/20/2046
569‌
594‌
3.50%,
04/20/2046
668‌
697‌
3.50%,
05/20/2046
746‌
779‌
3.50%,
06/20/2046
1,450‌
1,512‌
3.50%,
07/20/2046
738‌
770‌
3.50%,
08/15/2046
197‌
206‌
3.50%,
08/20/2046
755‌
787‌
3.50%,
09/15/2046
98‌
102‌
3.50%,
09/20/2046
742‌
774‌
3.50%,
10/20/2046
746‌
779‌
3.50%,
11/20/2046
674‌
703‌
3.50%,
12/20/2046
570‌
593‌
3.50%,
02/20/2047
659‌
687‌
3.50%,
03/20/2047
1,460‌
1,517‌
3.50%,
04/20/2047
1,254‌
1,304‌
3.50%,
05/20/2047
692‌
719‌
3.50%,
06/20/2047
933‌
968‌
3.50%,
07/20/2047
2,316‌
2,402‌
3.50%,
08/20/2047
2,714‌
2,818‌
3.50%,
09/20/2047
850‌
882‌
3.50%,
10/20/2047
1,112‌
1,154‌
3.50%,
11/20/2047
2,106‌
2,186‌
3.50%,
12/20/2047
1,209‌
1,251‌
3.50%,
01/15/2048
109‌
114‌
3.50%,
01/20/2048
1,368‌
1,417‌
3.50%,
04/20/2048
974‌
1,008‌
3.50%,
08/20/2048
856‌
885‌
3.50%,
09/15/2048
98‌
103‌
3.50%,
12/01/2049
16,800‌
17,363‌
4.00%,
11/20/2043
634‌
675‌
4.00%,
02/20/2044
258‌
274‌
4.00%,
05/15/2044
163‌
176‌
4.00%,
05/20/2044
148‌
158‌
4.00%,
07/20/2044
43‌
45‌
4.00%,
08/20/2044
321‌
341‌
4.00%,
09/20/2044
280‌
298‌
4.00%,
10/20/2044
1,047‌
1,113‌
4.00%,
11/15/2044
88‌
93‌
4.00%,
11/20/2044
209‌
222‌
4.00%,
12/20/2044
373‌
397‌
4.00%,
01/20/2045
159‌
169‌
4.00%,
03/20/2045
237‌
252‌
4.00%,
08/20/2045
337‌
357‌
4.00%,
09/15/2045
124‌
134‌
4.00%,
09/20/2045
400‌
423‌
4.00%,
10/20/2045
496‌
524‌
4.00%,
11/20/2045
671‌
709‌
4.00%,
12/15/2045
142‌
151‌
4.00%,
01/20/2046
781‌
829‌
4.00%,
02/20/2046
123‌
130‌
4.00%,
04/20/2046
476‌
505‌
4.00%,
10/20/2046
139‌
146‌
4.00%,
11/20/2046
649‌
679‌
4.00%,
01/20/2047
40‌
42‌
4.00%,
02/20/2047
712‌
743‌
4.00%,
03/20/2047
520‌
545‌
4.00%,
05/20/2047
179‌
188‌
4.00%,
07/20/2047
2,422‌
2,539‌
4.00%,
09/20/2047
6,477‌
6,791‌
4.00%,
11/20/2047
1,180‌
1,237‌
4.00%,
12/20/2047
1,172‌
1,228‌
4.00%,
01/20/2048
794‌
826‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
30
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Government
National
Mortgage
Association
(GNMA)
(continued)
4.00%,
06/20/2048
$
858‌
$
894‌
4.00%,
07/20/2048
1,081‌
1,126‌
4.00%,
08/20/2048
1,610‌
1,677‌
4.00%,
09/20/2048
947‌
987‌
4.00%,
10/20/2048
1,196‌
1,245‌
4.00%,
11/20/2048
728‌
758‌
4.00%,
12/20/2048
953‌
993‌
4.00%,
12/01/2049
9,000‌
9,345‌
4.50%,
03/15/2039
214‌
233‌
4.50%,
03/15/2040
305‌
332‌
4.50%,
07/15/2040
290‌
316‌
4.50%,
02/20/2041
43‌
46‌
4.50%,
03/20/2041
32‌
34‌
4.50%,
10/20/2043
167‌
179‌
4.50%,
11/20/2043
245‌
263‌
4.50%,
01/20/2044
298‌
320‌
4.50%,
02/20/2044
227‌
244‌
4.50%,
05/20/2044
564‌
605‌
4.50%,
07/20/2044
149‌
160‌
4.50%,
01/20/2045
117‌
125‌
4.50%,
04/20/2045
185‌
199‌
4.50%,
05/15/2045
159‌
174‌
4.50%,
05/20/2045
131‌
140‌
4.50%,
09/15/2045
72‌
76‌
4.50%,
02/20/2046
230‌
246‌
4.50%,
03/20/2046
121‌
128‌
4.50%,
04/20/2046
140‌
150‌
4.50%,
08/15/2046
106‌
114‌
4.50%,
12/20/2046
391‌
418‌
4.50%,
03/15/2047
221‌
241‌
4.50%,
06/20/2047
363‌
382‌
4.50%,
10/15/2047
226‌
241‌
4.50%,
02/20/2048
4,726‌
4,996‌
4.50%,
03/20/2048
209‌
220‌
4.50%,
05/20/2048
2,358‌
2,476‌
4.50%,
06/20/2048
692‌
728‌
4.50%,
07/20/2048
628‌
661‌
4.50%,
08/20/2048
1,124‌
1,178‌
4.50%,
09/20/2048
862‌
906‌
4.50%,
10/20/2048
878‌
923‌
4.50%,
11/20/2048
837‌
878‌
4.50%,
12/20/2048
760‌
797‌
5.00%,
05/15/2033
188‌
208‌
5.00%,
07/20/2038
164‌
181‌
5.00%,
10/15/2038
242‌
270‌
5.00%,
04/20/2039
111‌
122‌
5.00%,
10/15/2041
159‌
176‌
5.00%,
01/20/2045
206‌
226‌
5.00%,
02/20/2046
69‌
76‌
5.00%,
12/20/2046
175‌
194‌
5.00%,
06/20/2048
4,274‌
4,542‌
5.00%,
08/20/2048
118‌
125‌
5.00%,
10/20/2048
452‌
476‌
5.50%,
03/15/2038
161‌
176‌
5.50%,
02/15/2039
94‌
103‌
5.50%,
06/15/2040
310‌
341‌
5.50%,
07/20/2044
161‌
178‌
5.50%,
09/20/2044
206‌
230‌
5.50%,
12/20/2048
69‌
73‌
$
177,896‌
U.S.
Treasury
-
39.72%
1.13%,
02/28/2021
6,200‌
6,156‌
1.13%,
06/30/2021
6,280‌
6,227‌
1.13%,
07/31/2021
4,170‌
4,133‌
1.13%,
08/31/2021
5,835‌
5,781‌
1.13%,
09/30/2021
3,585‌
3,551‌
1.25%,
03/31/2021
1,560‌
1,551‌
1.25%,
10/31/2021
5,830‌
5,786‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
1.25%,
07/31/2023
$
9,625‌
$
9,502‌
1.25%,
08/31/2024
7,495‌
7,367‌
1.38%,
01/31/2021
4,760‌
4,742‌
1.38%,
04/30/2021
4,920‌
4,899‌
1.38%,
05/31/2021
9,465‌
9,423‌
1.38%,
06/30/2023
2,745‌
2,723‌
1.38%,
08/31/2023
15,710‌
15,577‌
1.38%,
09/30/2023
3,375‌
3,345‌
1.38%,
08/31/2026
7,400‌
7,236‌
1.50%,
08/31/2021
3,600‌
3,590‌
1.50%,
09/30/2021
1,450‌
1,446‌
1.50%,
10/31/2021
(e)
3,950‌
3,941‌
1.50%,
01/31/2022
3,800‌
3,790‌
1.50%,
08/15/2022
2,200‌
2,194‌
1.50%,
02/28/2023
2,090‌
2,083‌
1.50%,
03/31/2023
3,520‌
3,508‌
1.50%,
09/30/2024
1,925‌
1,913‌
1.50%,
08/15/2026
15,480‌
15,261‌
1.63%,
08/15/2022
6,128‌
6,132‌
1.63%,
08/31/2022
3,500‌
3,502‌
1.63%,
11/15/2022
4,915‌
4,918‌
1.63%,
04/30/2023
1,875‌
1,876‌
1.63%,
05/31/2023
3,000‌
3,002‌
1.63%,
10/31/2023
3,270‌
3,272‌
1.63%,
02/15/2026
4,523‌
4,500‌
1.63%,
05/15/2026
5,851‌
5,820‌
1.63%,
09/30/2026
4,225‌
4,197‌
1.63%,
08/15/2029
6,575‌
6,477‌
1.75%,
12/31/2020
3,000‌
3,001‌
1.75%,
11/30/2021
3,600‌
3,608‌
1.75%,
02/28/2022
2,815‌
2,823‌
1.75%,
03/31/2022
3,070‌
3,080‌
1.75%,
04/30/2022
3,325‌
3,336‌
1.75%,
05/15/2022
2,620‌
2,629‌
1.75%,
05/31/2022
3,370‌
3,382‌
1.75%,
06/30/2022
2,730‌
2,741‌
1.75%,
09/30/2022
12,360‌
12,410‌
1.75%,
01/31/2023
4,310‌
4,329‌
1.75%,
05/15/2023
4,000‌
4,018‌
1.75%,
11/15/2029
(e)
7,000‌
6,982‌
1.88%,
12/15/2020
1,250‌
1,252‌
1.88%,
11/30/2021
4,660‌
4,682‌
1.88%,
01/31/2022
1,670‌
1,679‌
1.88%,
02/28/2022
3,370‌
3,388‌
1.88%,
03/31/2022
3,750‌
3,772‌
1.88%,
04/30/2022
1,160‌
1,167‌
1.88%,
05/31/2022
1,580‌
1,590‌
1.88%,
07/31/2022
2,850‌
2,870‌
1.88%,
08/31/2022
2,655‌
2,674‌
1.88%,
09/30/2022
3,210‌
3,234‌
1.88%,
10/31/2022
3,955‌
3,985‌
1.88%,
08/31/2024
10,900‌
11,021‌
1.88%,
07/31/2026
3,000‌
3,028‌
2.00%,
02/28/2021
11,915‌
11,958‌
2.00%,
05/31/2021
7,700‌
7,736‌
2.00%,
08/31/2021
3,150‌
3,168‌
2.00%,
10/31/2021
4,750‌
4,782‌
2.00%,
11/15/2021
10,040‌
10,112‌
2.00%,
12/31/2021
3,000‌
3,022‌
2.00%,
02/15/2022
4,000‌
4,032‌
2.00%,
07/31/2022
5,600‌
5,658‌
2.00%,
10/31/2022
7,320‌
7,402‌
2.00%,
11/30/2022
3,785‌
3,828‌
2.00%,
02/15/2023
4,741‌
4,798‌
2.00%,
04/30/2024
1,990‌
2,021‌
2.00%,
05/31/2024
4,660‌
4,736‌
2.00%,
06/30/2024
1,500‌
1,524‌
2.00%,
02/15/2025
9,325‌
9,483‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
31
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
2.00%,
08/15/2025
$
4,020‌
$
4,089‌
2.00%,
11/15/2026
2,840‌
2,891‌
2.13%,
01/31/2021
1,850‌
1,859‌
2.13%,
05/31/2021
3,200‌
3,221‌
2.13%,
08/15/2021
2,810‌
2,832‌
2.13%,
09/30/2021
4,400‌
4,437‌
2.13%,
12/31/2021
4,000‌
4,040‌
2.13%,
05/15/2022
1,000‌
1,012‌
2.13%,
06/30/2022
2,000‌
2,026‌
2.13%,
12/31/2022
4,080‌
4,144‌
2.13%,
11/30/2023
2,920‌
2,977‌
2.13%,
02/29/2024
5,315‌
5,422‌
2.13%,
03/31/2024
1,700‌
1,735‌
2.13%,
09/30/2024
7,825‌
8,001‌
2.13%,
11/30/2024
5,450‌
5,575‌
2.13%,
05/15/2025
6,500‌
6,652‌
2.13%,
05/31/2026
9,900‌
10,145‌
2.25%,
03/31/2021
4,270‌
4,301‌
2.25%,
04/30/2021
5,570‌
5,613‌
2.25%,
07/31/2021
3,500‌
3,533‌
2.25%,
04/15/2022
3,440‌
3,490‌
2.25%,
12/31/2023
5,300‌
5,431‌
2.25%,
01/31/2024
4,855‌
4,976‌
2.25%,
04/30/2024
3,710‌
3,808‌
2.25%,
10/31/2024
8,350‌
8,591‌
2.25%,
11/15/2024
10,245‌
10,540‌
2.25%,
12/31/2024
4,000‌
4,116‌
2.25%,
11/15/2025
7,120‌
7,341‌
2.25%,
03/31/2026
4,985‌
5,146‌
2.25%,
02/15/2027
5,910‌
6,118‌
2.25%,
08/15/2027
8,065‌
8,362‌
2.25%,
11/15/2027
6,860‌
7,118‌
2.25%,
08/15/2046
3,620‌
3,647‌
2.25%,
08/15/2049
2,965‌
2,993‌
2.38%,
12/31/2020
2,080‌
2,095‌
2.38%,
03/15/2021
2,325‌
2,345‌
2.38%,
04/15/2021
3,460‌
3,492‌
2.38%,
03/15/2022
3,535‌
3,596‌
2.38%,
01/31/2023
2,985‌
3,055‌
2.38%,
02/29/2024
3,640‌
3,750‌
2.38%,
08/15/2024
8,135‌
8,406‌
2.38%,
04/30/2026
2,895‌
3,010‌
2.38%,
05/15/2027
6,075‌
6,349‌
2.38%,
05/15/2029
9,110‌
9,575‌
2.50%,
12/31/2020
4,725‌
4,765‌
2.50%,
01/31/2021
4,810‌
4,854‌
2.50%,
02/28/2021
5,395‌
5,447‌
2.50%,
01/15/2022
3,735‌
3,803‌
2.50%,
02/15/2022
3,375‌
3,438‌
2.50%,
03/31/2023
2,905‌
2,989‌
2.50%,
08/15/2023
18,660‌
19,250‌
2.50%,
01/31/2024
3,600‌
3,725‌
2.50%,
05/15/2024
3,500‌
3,630‌
2.50%,
01/31/2025
2,500‌
2,604‌
2.50%,
02/28/2026
2,840‌
2,973‌
2.50%,
02/15/2045
3,825‌
4,042‌
2.50%,
02/15/2046
7,105‌
7,514‌
2.50%,
05/15/2046
4,080‌
4,316‌
2.63%,
05/15/2021
3,095‌
3,137‌
2.63%,
06/15/2021
6,145‌
6,232‌
2.63%,
07/15/2021
3,000‌
3,045‌
2.63%,
12/15/2021
3,185‌
3,249‌
2.63%,
02/28/2023
3,030‌
3,126‌
2.63%,
06/30/2023
5,000‌
5,175‌
2.63%,
12/31/2023
3,435‌
3,570‌
2.63%,
12/31/2025
2,160‌
2,275‌
2.63%,
01/31/2026
6,790‌
7,154‌
2.63%,
02/15/2029
13,500‌
14,471‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
2.75%,
08/15/2021
$
2,640‌
$
2,688‌
2.75%,
09/15/2021
2,465‌
2,512‌
2.75%,
04/30/2023
2,875‌
2,983‌
2.75%,
05/31/2023
2,900‌
3,011‌
2.75%,
07/31/2023
2,818‌
2,931‌
2.75%,
08/31/2023
2,875‌
2,993‌
2.75%,
11/15/2023
6,380‌
6,653‌
2.75%,
02/15/2024
4,600‌
4,808‌
2.75%,
02/28/2025
3,500‌
3,692‌
2.75%,
08/31/2025
2,000‌
2,116‌
2.75%,
02/15/2028
4,790‌
5,156‌
2.75%,
08/15/2042
3,264‌
3,596‌
2.75%,
11/15/2042
3,230‌
3,558‌
2.75%,
08/15/2047
5,875‌
6,534‌
2.75%,
11/15/2047
4,620‌
5,142‌
2.88%,
10/15/2021
3,590‌
3,670‌
2.88%,
11/15/2021
3,190‌
3,265‌
2.88%,
09/30/2023
2,935‌
3,071‌
2.88%,
10/31/2023
3,405‌
3,565‌
2.88%,
11/30/2023
3,445‌
3,611‌
2.88%,
04/30/2025
3,325‌
3,532‌
2.88%,
05/31/2025
2,000‌
2,126‌
2.88%,
07/31/2025
2,000‌
2,129‌
2.88%,
11/30/2025
1,470‌
1,568‌
2.88%,
05/15/2028
6,645‌
7,229‌
2.88%,
08/15/2028
11,385‌
12,403‌
2.88%,
05/15/2043
4,430‌
4,983‌
2.88%,
08/15/2045
3,750‌
4,243‌
2.88%,
11/15/2046
4,855‌
5,518‌
2.88%,
05/15/2049
2,530‌
2,896‌
3.00%,
09/30/2025
540‌
579‌
3.00%,
10/31/2025
3,000‌
3,219‌
3.00%,
05/15/2042
240‌
275‌
3.00%,
11/15/2044
4,505‌
5,197‌
3.00%,
05/15/2045
4,225‌
4,884‌
3.00%,
11/15/2045
5,485‌
6,355‌
3.00%,
02/15/2047
3,135‌
3,650‌
3.00%,
05/15/2047
3,235‌
3,766‌
3.00%,
02/15/2048
4,380‌
5,109‌
3.00%,
08/15/2048
5,075‌
5,930‌
3.00%,
02/15/2049
7,625‌
8,927‌
3.13%,
05/15/2021
3,000‌
3,062‌
3.13%,
11/15/2028
7,025‌
7,811‌
3.13%,
11/15/2041
2,600‌
3,036‌
3.13%,
02/15/2042
1,140‌
1,331‌
3.13%,
02/15/2043
2,680‌
3,137‌
3.13%,
08/15/2044
5,990‌
7,046‌
3.13%,
05/15/2048
5,355‌
6,397‌
3.38%,
05/15/2044
3,845‌
4,703‌
3.38%,
11/15/2048
6,470‌
8,095‌
3.63%,
02/15/2021
7,010‌
7,169‌
3.63%,
08/15/2043
2,530‌
3,202‌
3.63%,
02/15/2044
8,030‌
10,191‌
3.75%,
08/15/2041
2,660‌
3,395‌
3.75%,
11/15/2043
2,960‌
3,821‌
3.88%,
08/15/2040
2,230‌
2,886‌
4.25%,
05/15/2039
2,135‌
2,881‌
4.25%,
11/15/2040
1,038‌
1,411‌
4.38%,
02/15/2038
495‌
674‌
4.38%,
11/15/2039
2,030‌
2,788‌
4.38%,
05/15/2040
389‌
536‌
4.38%,
05/15/2041
1,610‌
2,229‌
4.50%,
02/15/2036
1,550‌
2,100‌
4.50%,
08/15/2039
2,945‌
4,100‌
4.63%,
02/15/2040
925‌
1,312‌
4.75%,
02/15/2041
2,589‌
3,751‌
5.25%,
11/15/2028
409‌
526‌
5.25%,
02/15/2029
795‌
1,030‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
32
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
5.38%,
02/15/2031
$
2,620‌
$
3,568‌
6.00%,
02/15/2026
2,000‌
2,505‌
6.13%,
11/15/2027
1,260‌
1,671‌
6.25%,
05/15/2030
2,000‌
2,850‌
6.38%,
08/15/2027
1,540‌
2,054‌
6.50%,
11/15/2026
1,000‌
1,313‌
6.63%,
02/15/2027
795‌
1,058‌
8.13%,
05/15/2021
1,150‌
1,257‌
$
981,970‌
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
1,601,085‌
Total
Investments
$
2,544,911‌
Other
Assets
and
Liabilities
-  (2.95)%
(72,900‌)
TOTAL
NET
ASSETS
-
100.00%
$
2,472,011‌
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$13,164
or
0.53%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940)
or
an
affiliate
as
defined
by
the
Investment
Company
Act
of
1940
(controls
5.0%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
affiliated
sub-schedule
for
transactional
information.
(d)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$17,866
or
0.72%
of
net
assets.
(e)
Security
or
a
portion
of
the
security
was
on
loan
at
the
end
of
the
period.
(f)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(g)
Non-income
producing
security
(h)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions.  These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(i)
Security
purchased
on
a
when-issued
basis.
(j)
Credit
support
indicates
investments
that
benefit
from
credit
enhancement
or
liquidity
support
provided
by
a
third
party
bank,
institution,
or
government
agency.
(k)
Security
was
purchased
in
a
"to-be-announced"
("TBA")
transaction.  See
Notes
to
Financial
Statements
for
additional
information.
Portfolio
Summary  (unaudited)
Sector
Percent
Government
43.70‌%
Mortgage
Securities
26.62‌%
Financial
8.28‌%
Consumer,
Non-cyclical
4.53‌%
Money
Market
Funds
4.46‌%
Energy
2.69‌%
Communications
2.41‌%
Utilities
1.96‌%
Technology
1.91‌%
Industrial
1.87‌%
Consumer,
Cyclical
1.49‌%
Investment
Companies
1.20‌%
Basic
Materials
0.74‌%
Asset
Backed
Securities
0.46‌%
Revenue
Bonds
0.33‌%
General
Obligation
Unlimited
0.24‌%
Insured
0.04‌%
General
Obligation
Limited
0.02‌%
Other
Assets
and
Liabilities
(2.95‌)%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
August
31,
2019
Purchases
Sales
November
30,
2019
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
1.52%
$
74,643‌
$
472,706‌
$
442,144‌
$
105,205‌
$
74,643‌
$
472,706‌
$
442,144‌
$
105,205‌
Income
Realized
Gain/Loss
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/Loss
Principal
Government
Money
Market
Fund
1.52%
$
491‌
$
—‌
$
—‌
$
—‌
$
491‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
Schedule
of
Investments
Capital
Securities
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
33
INVESTMENT
COMPANIES
-
3.83%
Shares
Held
Value
(000's)
Money
Market
Funds
-
3.83%
BlackRock
Liquidity
FedFund
1.53
%
(a),(b)
3,670,469‌
$
3,671‌
Principal
Government
Money
Market
Fund
1.52
%
(a),(b),(c)
22,997,411‌
22,997‌
$
26,668‌
TOTAL
INVESTMENT
COMPANIES
$
26,668‌
PREFERRED
STOCKS
-
4.62%
Shares
Held
Value
(000's)
Banks
-
1.18%
Fifth
Third
Bancorp
6.63%,
12/31/2023
(d)
90,902‌
$
2,559‌
3
Month
USD
LIBOR
+
3.71%
First
Republic
Bank/CA
5.13%,
06/30/2022
(d)
45,549‌
1,184‌
Huntington
Bancshares
Inc/OH
6.25%,
04/15/2021
(d)
74,177‌
1,935‌
KeyCorp
6.13%,
12/15/2026
(d)
33,943‌
972‌
3
Month
USD
LIBOR
+
3.89%
Valley
National
Bancorp
6.25%,
06/30/2025
(d)
29,291‌
815‌
3
Month
USD
LIBOR
+
3.85%
Webster
Financial
Corp
5.25%,
12/15/2022
(d
),(
e)
29,150‌
739‌
$
8,204‌
Diversified
Financial
Services
-
0.18%
Capital
One
Financial
Corp
5.00%,
12/01/2024
(d)
50,000‌
1,242‌
Insurance
-
0.29%
AXA
Equitable
Holdings
Inc
5.25%,
12/15/2024
(d)
50,000‌
1,248‌
Voya
Financial
Inc
5.35%,
09/15/2029
(d
),(
e)
30,000‌
802‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.21%
$
2,050‌
Pipelines
-
0.61%
Enbridge
Inc
6.38%,
04/15/2078
(e)
157,934‌
4,256‌
3
Month
USD
LIBOR
+
3.59%
REITs
-
0.29%
Kimco
Realty
Corp
5.25%,
12/20/2022
(d)
40,000‌
1,027‌
Public
Storage
4.88%,
09/12/2024
(d)
37,045‌
959‌
$
1,986‌
Sovereign
-
0.99%
CoBank
ACB
6.13%,
04/01/2020
(d)
6,000‌
606‌
CoBank
ACB
6.20%,
01/01/2025
(d)
10,000‌
1,095‌
3
Month
USD
LIBOR
+
3.74%
CoBank
ACB
6.25%,
10/01/2022
(d)
38,800‌
4,142‌
3
Month
USD
LIBOR
+
4.56%
Farm
Credit
Bank
of
Texas
6.75%,
09/15/2023
(d
),(
f)
10,000‌
1,060‌
3
Month
USD
LIBOR
+
4.01%
$
6,903‌
Telecommunications
-
1.08%
Centaur
Funding
Corp
9.08%,
04/21/2020
(f)
7,329‌
7,476‌
TOTAL
PREFERRED
STOCKS
$
32,117‌
BONDS
-
90.93%
Principal
Amount
(000's)
Value
(000's)
Automobile
Manufacturers
-
0.89%
General
Motors
Financial
Co
Inc
5.75
%,
12
/31/2049
(d),(e),(g)
$
6,300‌
$
6,206‌
3
Month
USD
LIBOR
+
3.60%
Banks
-
46.61%
Australia
&
New
Zealand
Banking
Group
Ltd/
United
Kingdom
6.75
%,
12
/31/2049
(d),(f),(g)
1,900‌
2,154‌
USD
Swap
Rate
NY
5
Year
+
5.17%
Banco
Bilbao
Vizcaya
Argentaria
SA
6.50
%,
12
/31/2049
(d),(g)
6,400‌
6,704‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.19%
Bank
of
America
Corp
6.25
%,
12
/31/2049
(d),(g)
2,000‌
2,230‌
3
Month
USD
LIBOR
+
3.71%
6.30
%,
12
/31/2049
(d),(g)
2,000‌
2,290‌
3
Month
USD
LIBOR
+
4.55%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Bank
of
America
Corp  
(continued)
6.50
%,
12
/31/2049
(d),(g)
$
3,000‌
$
3,397‌
3
Month
USD
LIBOR
+
4.17%
Bank
of
New
York
Mellon
Corp/The
4.62
%,
12
/31/2049
(d),(g)
14,000‌
14,630‌
3
Month
USD
LIBOR
+
3.13%
4.95
%,
12
/31/2049
(d),(g)
8,100‌
8,191‌
3
Month
USD
LIBOR
+
3.42%
Barclays
Bank
PLC
6.28
%,
12
/29/2049
(d),(g)
5,450‌
6,199‌
3
Month
USD
LIBOR
+
1.55%
10.18
%,
06
/12/2021
(f)
3,000‌
3,345‌
10.18
%,
06
/12/2021
900‌
1,003‌
BB&T
Corp
4.80
%,
12
/31/2049
(d),(g)
20,000‌
20,400‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.00%
BNP
Paribas
SA
7.20
%,
06
/29/2049
(d),(f),(g)
1,300‌
1,443‌
3
Month
USD
LIBOR
+
1.29%
7.37
%,
12
/31/2049
(d),(f),(g)
1,103‌
1,260‌
USD
Swap
Semi-Annual
5
Year
+
5.15%
7.63
%,
12
/31/2049
(d),(f),(g)
1,000‌
1,055‌
USD
Swap
Semi-Annual
5
Year
+
6.31%
7.63
%,
12
/31/2049
(d),(g)
4,800‌
5,064‌
USD
Swap
Semi-Annual
5
Year
+
6.31%
Citigroup
Inc
5.95
%,
12
/31/2049
(d),(g)
1,000‌
1,025‌
3
Month
USD
LIBOR
+
4.10%
6.13
%,
12
/31/2049
(d),(g)
6,000‌
6,189‌
3
Month
USD
LIBOR
+
4.48%
6.25
%,
12
/31/2049
(d),(g)
1,500‌
1,703‌
3
Month
USD
LIBOR
+
4.52%
Citizens
Financial
Group
Inc
5.50
%,
12
/31/2049
(d),(e),(g)
5,490‌
5,524‌
3
Month
USD
LIBOR
+
3.96%
6.00
%,
12
/31/2049
(d),(g)
3,184‌
3,351‌
3
Month
USD
LIBOR
+
3.00%
6.38
%,
12
/31/2049
(d),(e),(g)
3,500‌
3,728‌
3
Month
USD
LIBOR
+
3.16%
Commerzbank
AG
8.13
%,
09
/19/2023
(f)
500‌
579‌
Corestates
Capital
III
2.48
%,
02
/15/2027
(f)
22,771‌
21,405‌
3
Month
USD
LIBOR
+
0.57%
Credit
Agricole
SA
8.13
%,
12
/31/2049
(d),(f),(g)
2,232‌
2,692‌
USD
Swap
Semi-Annual
5
Year
+
6.19%
Credit
Suisse
AG
6.50
%,
08
/08/2023
600‌
668‌
Credit
Suisse
Group
AG
6.25
%,
12
/31/2049
(d),(f),(g)
6,090‌
6,572‌
USD
Swap
Semi-Annual
5
Year
+
3.46%
6.38
%,
12
/31/2049
(d),(f),(g)
5,000‌
5,350‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.82%
7.50
%,
12
/31/2049
(d),(f),(g)
6,250‌
6,984‌
USD
Swap
Semi-Annual
5
Year
+
4.60%
Danske
Bank
A/S
6.13
%,
12
/31/2049
(d),(g)
6,600‌
6,724‌
USD
Swap
Semi-Annual
7
Year
+
3.90%
Dresdner
Funding
Trust
I
8.15
%,
06
/30/2031
(f)
400‌
536‌
Schedule
of
Investments
Capital
Securities
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
34
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Goldman
Sachs
Group
Inc/The
5.38
%,
12
/31/2049
(d),(g)
$
2,000‌
$
2,020‌
3
Month
USD
LIBOR
+
3.92%
5.50
%,
12
/31/2049
(d),(e),(g)
2,000‌
2,124‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.62%
HSBC
Capital
Funding
Dollar
1
LP
10.18
%,
12
/29/2049
(d),(f),(g)
1,700‌
2,809‌
3
Month
USD
LIBOR
+
4.98%
10.18
%,
12
/29/2049
(d),(e),(g)
4,400‌
7,271‌
3
Month
USD
LIBOR
+
4.98%
HSBC
Holdings
PLC
6.00
%,
12
/31/2049
(d),(g)
3,000‌
3,173‌
USD
Swap
Rate
NY
5
Year
+
3.75%
6.38
%,
12
/31/2049
(d),(g)
1,300‌
1,383‌
USD
Swap
Rate
NY
5
Year
+
3.71%
6.50
%,
12
/31/2049
(d),(g)
500‌
542‌
USD
Swap
Rate
NY
5
Year
+
3.61%
6.87
%,
12
/31/2049
(d),(g)
6,900‌
7,211‌
USD
Swap
Rate
NY
5
Year
+
5.51%
ING
Groep
NV
5.75
%,
12
/31/2049
(d),(g)
7,000‌
7,280‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.34%
6.50
%,
12
/31/2049
(d),(g)
500‌
535‌
USD
Swap
Semi-Annual
5
Year
+
4.45%
JPMorgan
Chase
&
Co
5.30
%,
12
/31/2049
(d),(g)
5,000‌
5,067‌
3
Month
USD
LIBOR
+
3.80%
6.75
%,
12
/31/2049
(d),(g)
2,000‌
2,253‌
3
Month
USD
LIBOR
+
3.78%
KeyCorp
5.00
%,
12
/31/2049
(d),(g)
4,000‌
4,259‌
3
Month
USD
LIBOR
+
3.61%
KeyCorp
Capital
I
2.84
%,
07
/01/2028
2,000‌
1,840‌
3
Month
USD
LIBOR
+
0.74%
KeyCorp
Capital
III
7.75
%,
07
/15/2029
1,500‌
1,915‌
Lloyds
Bank
PLC
12.00
%,
12
/29/2049
(d),(f),(g)
3,100‌
3,757‌
3
Month
USD
LIBOR
+
11.76%
12.00
%,
12
/29/2049
(d),(g)
5,500‌
6,665‌
3
Month
USD
LIBOR
+
11.76%
Lloyds
Banking
Group
PLC
6.41
%,
01
/29/2049
(d),(f),(g)
1,200‌
1,362‌
3
Month
USD
LIBOR
+
1.50%
7.50
%,
12
/31/2049
(d),(g)
4,300‌
4,746‌
USD
Swap
Semi-Annual
5
Year
+
4.76%
7.50
%,
12
/31/2049
(d),(g)
6,600‌
7,343‌
USD
Swap
Semi-Annual
5
Year
+
4.50%
M&T
Bank
Corp
5.12
%,
12
/31/2049
(d),(g)
4,000‌
4,285‌
3
Month
USD
LIBOR
+
3.52%
6.45
%,
12
/31/2049
(d),(g)
1,300‌
1,420‌
3
Month
USD
LIBOR
+
3.61%
Nordea
Bank
Abp
6.13
%,
12
/31/2049
(d),(f),(g)
4,300‌
4,550‌
USD
Swap
Semi-Annual
5
Year
+
3.39%
6.63
%,
12
/31/2049
(d),(f),(g)
13,400‌
14,656‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.11%
Northern
Trust
Corp
4.60
%,
12
/31/2049
(d),(g)
9,015‌
9,263‌
3
Month
USD
LIBOR
+
3.20%
NTC
Capital
I
2.52
%,
01
/15/2027
1,250‌
1,175‌
3
Month
USD
LIBOR
+
0.52%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
NTC
Capital
II
2.59
%,
04
/15/2027
$
1,200‌
$
1,128‌
3
Month
USD
LIBOR
+
0.59%
PNC
Capital
Trust
C
2.70
%,
06
/01/2028
3,000‌
2,851‌
3
Month
USD
LIBOR
+
0.57%
RBS
Capital
Trust
II
6.43
%,
12
/29/2049
(d),(e),(g)
600‌
835‌
3
Month
USD
LIBOR
+
1.94%
Royal
Bank
of
Scotland
Group
PLC
4.42
%,
03
/29/2049
(d)
1,000‌
980‌
3
Month
USD
LIBOR
+
2.32%
7.50
%,
12
/31/2049
(d),(g)
4,896‌
5,018‌
USD
Swap
Semi-Annual
5
Year
+
5.80%
7.65
%,
08
/29/2049
(d),(g)
1,800‌
2,576‌
3
Month
USD
LIBOR
+
2.50%
8.00
%,
12
/31/2049
(d),(g)
1,000‌
1,144‌
USD
Swap
Semi-Annual
5
Year
+
5.72%
Skandinaviska
Enskilda
Banken
AB
5.63
%,
12
/31/2049
(d),(g)
200‌
203‌
USD
Swap
Semi-Annual
5
Year
+
3.49%
Societe
Generale
SA
7.38
%,
12
/31/2049
(d),(f),(g)
2,000‌
2,170‌
USD
Swap
Semi-Annual
5
Year
+
4.30%
7.38
%,
12
/31/2049
(d),(f),(g)
5,000‌
5,287‌
USD
Swap
Semi-Annual
5
Year
+
6.24%
8.00
%,
12
/31/2049
(d),(f),(g)
3,500‌
4,073‌
USD
Swap
Rate
NY
5
Year
+
5.87%
Standard
Chartered
PLC
6.50
%,
12
/31/2049
(d),(e),(g)
1,500‌
1,512‌
USD
Swap
Semi-Annual
5
Year
+
4.89%
7.01
%,
07
/29/2049
(d),(f),(g)
7,800‌
9,208‌
3
Month
USD
LIBOR
+
1.46%
7.50
%,
12
/31/2049
(d),(f),(g)
1,300‌
1,393‌
USD
Swap
Semi-Annual
5
Year
+
6.30%
7.75
%,
12
/31/2049
(d),(f),(g)
1,000‌
1,098‌
USD
Swap
Semi-Annual
5
Year
+
5.72%
SunTrust
Capital
I
2.58
%,
05
/15/2027
4,500‌
4,264‌
3
Month
USD
LIBOR
+
0.67%
SunTrust
Capital
III
2.77
%,
03
/15/2028
1,000‌
943‌
3
Month
USD
LIBOR
+
0.65%
Swedbank
AB
6.00
%,
12
/31/2049
(d),(g)
4,400‌
4,537‌
USD
Swap
Semi-Annual
5
Year
+
4.11%
UBS
Group
AG
6.88
%,
12
/31/2049
(d),(g)
9,200‌
10,097‌
USD
Swap
Semi-Annual
5
Year
+
4.59%
7.00
%,
12
/31/2049
(d),(f),(g)
1,400‌
1,517‌
USD
Swap
Semi-Annual
5
Year
+
4.34%
US
Bancorp
5.12
%,
12
/31/2049
(d),(g)
2,000‌
2,058‌
3
Month
USD
LIBOR
+
3.49%
$
324,191‌
Diversified
Financial
Services
-
3.01%
American
Express
Co
4.90
%,
12
/31/2049
(d),(g)
4,500‌
4,527‌
3
Month
USD
LIBOR
+
3.29%
Capital
One
Financial
Corp
5.55
%,
12
/31/2049
(d),(g)
4,000‌
4,050‌
3
Month
USD
LIBOR
+
3.80%
Charles
Schwab
Corp/The
7.00
%,
02
/28/2049
(d),(g)
5,813‌
6,343‌
3
Month
USD
LIBOR
+
4.82%
Schedule
of
Investments
Capital
Securities
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
35
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Diversified
Financial
Services
(continued)
Depository
Trust
&
Clearing
Corp/The
4.88
%,
12
/31/2049
(d),(f),(g)
$
6,000‌
$
6,045‌
3
Month
USD
LIBOR
+
3.17%
$
20,965‌
Electric
-
4.14%
Dominion
Energy
Inc
5.75
%,
10
/01/2054
(g)
6,775‌
7,307‌
3
Month
USD
LIBOR
+
3.06%
Duke
Energy
Corp
4.88
%,
12
/31/2049
(d),(g)
2,650‌
2,776‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.39%
Emera
Inc
6.75
%,
06
/15/2076
(g)
10,000‌
11,250‌
3
Month
USD
LIBOR
+
5.44%
Enel
SpA
8.75
%,
09
/24/2073
(f),(g)
1,700‌
1,989‌
USD
Swap
Semi-Annual
5
Year
+
5.88%
National
Rural
Utilities
Cooperative
Finance
Corp
5.25
%,
04
/20/2046
(g)
700‌
753‌
3
Month
USD
LIBOR
+
3.63%
NextEra
Energy
Capital
Holdings
Inc
4.17
%,
10
/01/2066
4,500‌
3,934‌
3
Month
USD
LIBOR
+
2.07%
4.24
%,
06
/15/2067
580‌
515‌
3
Month
USD
LIBOR
+
2.13%
4.80
%,
12
/01/2077
(g)
250‌
255‌
3
Month
USD
LIBOR
+
2.41%
$
28,779‌
Food
-
0.71%
Dairy
Farmers
of
America
Inc
7.13
%,
12
/31/2049
(d),(f)
5,000‌
4,925‌
Gas
-
1.35%
NiSource
Inc
5.65
%,
12
/31/2049
(d),(g)
9,195‌
9,402‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.84%
Insurance
-
27.51%
ACE
Capital
Trust
II
9.70
%,
04
/01/2030
2,570‌
3,868‌
Allstate
Corp/The
5.75
%,
08
/15/2053
(g)
9,900‌
10,667‌
3
Month
USD
LIBOR
+
2.94%
American
International
Group
Inc
5.75
%,
04
/01/2048
(g)
13,077‌
14,351‌
3
Month
USD
LIBOR
+
2.87%
8.18
%,
05
/15/2068
(g)
6,700‌
9,130‌
3
Month
USD
LIBOR
+
4.20%
Aon
Corp
8.21
%,
01
/01/2027
1,000‌
1,285‌
Argentum
Netherlands
BV
for
Zurich
Insurance
Co
Ltd
5.13
%,
06
/01/2048
(g)
2,000‌
2,198‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.27%
AXA
SA
6.38
%,
12
/29/2049
(d),(f),(g)
2,800‌
3,360‌
3
Month
USD
LIBOR
+
2.26%
8.60
%,
12
/15/2030
2,400‌
3,513‌
Cloverie
PLC
for
Zurich
Insurance
Co
Ltd
5.63
%,
06
/24/2046
(g)
12,100‌
13,582‌
3
Month
USD
LIBOR
+
4.92%
Everest
Reinsurance
Holdings
Inc
4.29
%,
05
/01/2067
1,600‌
1,516‌
3
Month
USD
LIBOR
+
2.39%
Great-West
Life
&
Annuity
Insurance
Capital
LP
6.63
%,
11
/15/2034
(f)
1,200‌
1,337‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Hartford
Financial
Services
Group
Inc/The
4.03
%,
02
/12/2067
(f)
$
2,800‌
$
2,526‌
3
Month
USD
LIBOR
+
2.13%
Legal
&
General
Group
PLC
5.25
%,
03
/21/2047
(g)
4,700‌
5,031‌
USD
Swap
Semi-Annual
5
Year
+
3.69%
Liberty
Mutual
Group
Inc
7.80
%,
03
/07/2087
(f)
6,100‌
8,052‌
3
Month
USD
LIBOR
+
3.58%
Liberty
Mutual
Insurance
Co
7.70
%,
10
/15/2097
(f)
1,100‌
1,594‌
Lincoln
National
Corp
4.01
%,
04
/20/2067
4,200‌
3,465‌
3
Month
USD
LIBOR
+
2.04%
4.26
%,
05
/17/2066
1,400‌
1,203‌
3
Month
USD
LIBOR
+
2.36%
Meiji
Yasuda
Life
Insurance
Co
5.10
%,
04
/26/2048
(e),(f),(g)
1,300‌
1,480‌
USD
Swap
Rate
NY
5
Year
+
3.15%
5.20
%,
10
/20/2045
(f),(g)
1,000‌
1,110‌
USD
Swap
Semi-Annual
5
Year
+
4.23%
MetLife
Capital
Trust
IV
7.88
%,
12
/15/2067
(f)
1,800‌
2,403‌
MetLife
Inc
5.25
%,
12
/31/2049
(d),(g)
3,500‌
3,548‌
3
Month
USD
LIBOR
+
3.58%
6.40
%,
12
/15/2066
700‌
857‌
3
Month
USD
LIBOR
+
2.21%
9.25
%,
04
/08/2068
(f)
4,200‌
6,174‌
3
Month
USD
LIBOR
+
5.54%
10.75
%,
08
/01/2069
4,300‌
7,117‌
Mitsui
Sumitomo
Insurance
Co
Ltd
7.00
%,
03
/15/2072
(f),(g)
3,600‌
3,938‌
3
Month
USD
LIBOR
+
5.90%
7.00
%,
03
/15/2072
(g)
2,500‌
2,734‌
3
Month
USD
LIBOR
+
5.90%
Nationwide
Financial
Services
Inc
6.75
%,
05
/15/2087
500‌
581‌
Nippon
Life
Insurance
Co
5.00
%,
10
/18/2042
(f),(g)
1,525‌
1,620‌
3
Month
USD
LIBOR
+
4.24%
5.10
%,
10
/16/2044
(g)
785‌
862‌
USD
Swap
Rate
NY
5
Year
+
3.65%
Progressive
Corp/The
5.38
%,
12
/31/2049
(d),(g)
11,200‌
11,648‌
3
Month
USD
LIBOR
+
2.54%
Prudential
Financial
Inc
5.63
%,
06
/15/2043
(g)
9,380‌
10,158‌
3
Month
USD
LIBOR
+
3.92%
5.88
%,
09
/15/2042
(g)
11,000‌
11,867‌
3
Month
USD
LIBOR
+
4.18%
Reinsurance
Group
of
America
Inc
4.78
%,
12
/15/2065
1,200‌
1,122‌
3
Month
USD
LIBOR
+
2.67%
Sumitomo
Life
Insurance
Co
6.50
%,
09
/20/2073
(f),(g)
3,000‌
3,390‌
3
Month
USD
LIBOR
+
4.44%
Swiss
Re
Finance
Luxembourg
SA
5.00
%,
04
/02/2049
(f),(g)
17,400‌
19,227‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.58%
Voya
Financial
Inc
4.70
%,
01
/23/2048
(g)
3,300‌
3,168‌
3
Month
USD
LIBOR
+
2.08%
5.65
%,
05
/15/2053
(g)
10,100‌
10,625‌
3
Month
USD
LIBOR
+
3.58%
Schedule
of
Investments
Capital
Securities
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
36
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Voya
Financial
Inc  
(continued)
6.13
%,
12
/31/2049
(d),(g)
$
1,000‌
$
1,065‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.36%
$
191,372‌
Pipelines
-
5.36%
Enbridge
Inc
6.00
%,
01
/15/2077
(g)
200‌
210‌
3
Month
USD
LIBOR
+
3.89%
6.25
%,
03
/01/2078
(g)
7,000‌
7,508‌
3
Month
USD
LIBOR
+
3.64%
Enterprise
Products
Operating
LLC
5.25
%,
08
/16/2077
(g)
13,000‌
13,065‌
3
Month
USD
LIBOR
+
3.03%
Transcanada
Trust
5.50
%,
09
/15/2079
(g)
12,500‌
13,094‌
3
Month
USD
LIBOR
+
4.15%
5.63
%,
05
/20/2075
(g)
1,600‌
1,671‌
3
Month
USD
LIBOR
+
3.53%
5.87
%,
08
/15/2076
(g)
1,600‌
1,714‌
3
Month
USD
LIBOR
+
4.64%
$
37,262‌
Sovereign
-
0.31%
CoBank
ACB
6.25
%,
12
/31/2049
(d),(g)
1,000‌
1,095‌
3
Month
USD
LIBOR
+
4.66%
Farm
Credit
Bank
of
Texas
6.20
%,
12
/31/2049
(d),(f),(g)
1,000‌
1,050‌
3
Month
USD
LIBOR
+
3.22%
$
2,145‌
Telecommunications
-
0.24%
Koninklijke
KPN
NV
7.00
%,
03
/28/2073
(g)
1,000‌
1,092‌
USD
Swap
Semi-Annual
10
Year
+
5.21%
Vodafone
Group
PLC
7.00
%,
04
/04/2079
(g)
500‌
579‌
USD
Swap
Semi-Annual
5
Year
+
4.87%
$
1,671‌
Transportation
-
0.80%
BNSF
Funding
Trust
I
6.61
%,
12
/15/2055
(g)
5,000‌
5,587‌
3
Month
USD
LIBOR
+
2.35%
TOTAL
BONDS
$
632,505‌
Total
Investments
$
691,290‌
Other
Assets
and
Liabilities
-  0.62
%
4,305‌
TOTAL
NET
ASSETS
-
100.00%
$
695,595‌
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$9,600
or
1.38%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940)
or
an
affiliate
as
defined
by
the
Investment
Company
Act
of
1940
(controls
5.0%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
affiliated
sub-schedule
for
transactional
information.
(d)
Perpetual
security.
Perpetual
securities
pay
an
indefinite
stream
of
interest,
but
they
may
be
called
by
the
issuer
at
an
earlier
date.
Date
shown,
if
any,
reflects
the
next
call
date
or
final
legal
maturity
date.
Rate
shown
is
as
of
period
end.
(e)
Security
or
a
portion
of
the
security
was
on
loan
at
the
end
of
the
period.
(f)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$184,011
or
26.45%
of
net
assets.
(g
)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
Portfolio
Summary  (
unaudited)
Sector
Percent
Financial
79.07‌%
Energy
5.97‌%
Utilities
5.49‌%
Money
Market
Funds
3.83‌%
Communications
1.32‌%
Government
1.30‌%
Consumer,
Cyclical
0.89‌%
Industrial
0.80‌%
Consumer,
Non-cyclical
0.71‌%
Other
Assets
and
Liabilities
0.62‌%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
August
31,
2019
Purchases
Sales
November
30,
2019
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
1.52%
$
16,563‌
$
75,730‌
$
69,296‌
$
22,997‌
$
16,563‌
$
75,730‌
$
69,296‌
$
22,997‌
Income
Realized
Gain/Loss
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/Loss
Principal
Government
Money
Market
Fund
1.52%
$
69‌
$
—‌
$
—‌
$
—‌
$
69‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
37
INVESTMENT
COMPANIES
-
3.27%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0.22%
Invesco
S&P
Global
Water
Index
ETF
76,930‌
$
3,064‌
SPDR
S&P
Global
Natural
Resources
ETF
128,345‌
5,713‌
$
8,777‌
Money
Market
Funds
-
3.05%
Principal
Government
Money
Market
Fund
1.52%
(a),(b)
122,084,721‌
122,085‌
TOTAL
INVESTMENT
COMPANIES
$
130,862‌
COMMON
STOCKS
-
53.39%
Shares
Held
Value
(000's)
Advertising
-
0.04%
Clear
Channel
Outdoor
Holdings
Inc
(c)
596,711‌
1,480‌
Agriculture
-
0.59%
Archer-Daniels-Midland
Co
363,401‌
15,601‌
Bunge
Ltd
146,347‌
7,812‌
$
23,413‌
Automobile
Parts
&
Equipment
-
0.08%
Georg
Fischer
AG
3,359‌
3,289‌
Biotechnology
-
0.07%
Advanz
Pharma
Corp
(c)
22,681‌
222‌
Corteva
Inc
97,085‌
2,526‌
$
2,748‌
Building
Materials
-
0.69%
Boise
Cascade
Co
15,878‌
602‌
Forterra
Inc
(c)
15,277‌
170‌
Fortune
Brands
Home
&
Security
Inc
26,743‌
1,692‌
Geberit
AG
17,100‌
9,181‌
Louisiana-Pacific
Corp
305,399‌
9,058‌
Norbord
Inc
232,139‌
6,335‌
Pinnacle
Renewable
Energy
Inc
72,984‌
453‌
$
27,491‌
Chemicals
-
1.78%
Air
Liquide
SA
57,658‌
7,817‌
CF
Industries
Holdings
Inc
324,254‌
14,984‌
FMC
Corp
186,168‌
18,237‌
Ingevity
Corp
(c)
17,935‌
1,620‌
Israel
Chemicals
Ltd
630,520‌
2,955‌
K+S
AG
179,939‌
2,030‌
Mosaic
Co/The
154,787‌
2,949‌
Nutrien
Ltd
56,400‌
2,662‌
OCI
NV
(c)
129,663‌
2,456‌
Olin
Corp
134,610‌
2,359‌
Sociedad
Quimica
y
Minera
de
Chile
SA
ADR
115,525‌
2,753‌
Yara
International
ASA
281,249‌
10,595‌
$
71,417‌
Commercial
Services
-
2.12%
ALEATICA
SAB
de
CV
6,408,936‌
7,862‌
Atlantia
SpA
686,845‌
15,209‌
Atlas
Arteria
Ltd
2,137,609‌
11,065‌
Cengage
Learning
Holdings
II
Inc
(c)
2,772‌
29‌
China
Merchants
Port
Holdings
Co
Ltd
9,165,687‌
14,258‌
Transurban
Group
3,499,603‌
36,383‌
$
84,806‌
Consumer
Products
-
0.15%
Avery
Dennison
Corp
24,631‌
3,211‌
Kimberly-Clark
Corp
20,905‌
2,850‌
$
6,061‌
Cosmetics
&
Personal
Care
-
0.15%
Essity
AB
48,849‌
1,535‌
Kao
Corp
17,400‌
1,370‌
Unicharm
Corp
89,400‌
2,931‌
$
5,836‌
Electric
-
8.35%
ACEA
SpA
33,185‌
690‌
Algonquin
Power
&
Utilities
Corp
367,800‌
5,159‌
American
Electric
Power
Co
Inc
88,300‌
8,066‌
Atlantica
Yield
PLC
603,297‌
15,637‌
AusNet
Services
13,714,086‌
16,143‌
China
Longyuan
Power
Group
Corp
Ltd
4,339,000‌
2,351‌
Clearway
Energy
Inc
-
Class
C
569,671‌
11,297‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electric
(continued)
CLP
Holdings
Ltd
766,500‌
$
7,898‌
Dominion
Energy
Inc
312,699‌
25,988‌
DTE
Energy
Co
40,100‌
5,010‌
Duke
Energy
Corp
111,165‌
9,801‌
EDP
-
Energias
de
Portugal
SA
3,610,599‌
14,608‌
Emera
Inc
431,860‌
17,758‌
Enel
SpA
650,497‌
4,916‌
Eversource
Energy
75,175‌
6,212‌
Hera
SpA
585,785‌
2,583‌
Huadian
Fuxin
Energy
Corp
Ltd
17,732,000‌
3,239‌
Hydro
One
Ltd
(d)
1,310,585‌
24,686‌
Iberdrola
SA
834,109‌
8,206‌
Infraestructura
Energetica
Nova
SAB
de
CV
1,459,574‌
5,952‌
NextEra
Energy
Inc
101,021‌
23,621‌
Orsted
A/S
(d)
34,504‌
3,180‌
Red
Electrica
Corp
SA
1,200,236‌
23,415‌
Sembcorp
Industries
Ltd
675,300‌
1,082‌
Sempra
Energy
114,902‌
16,922‌
Spark
Infrastructure
Group
12,080,304‌
17,736‌
SSE
PLC
1,134,236‌
19,070‌
Terna
Rete
Elettrica
Nazionale
SpA
3,537,980‌
22,707‌
Transmissora
Alianca
de
Energia
Eletrica
SA
1,542,200‌
10,298‌
$
334,231‌
Electronics
-
0.40%
Badger
Meter
Inc
23,853‌
1,479‌
Halma
PLC
309,598‌
8,423‌
Itron
Inc
(c)
48,441‌
3,879‌
Watts
Water
Technologies
Inc
22,646‌
2,196‌
$
15,977‌
Energy
-
Alternate
Sources
-
1.18%
First
Solar
Inc
(c)
118,946‌
6,571‌
NextEra
Energy
Partners
LP
254,127‌
13,502‌
Pattern
Energy
Group
Inc
205,554‌
5,657‌
TerraForm
Power
Inc
848,816‌
13,165‌
Vestas
Wind
Systems
A/S
86,471‌
8,229‌
$
47,124‌
Engineering
&
Construction
-
1.40%
Aegion
Corp
(c)
22,924‌
496‌
Aeroports
de
Paris
30,827‌
6,029‌
Enav
SpA
(d)
1,593,357‌
9,437‌
Flughafen
Zurich
AG
44,377‌
7,867‌
Grupo
Aeroportuario
del
Pacifico
SAB
de
CV
681,200‌
6,886‌
Sacyr
SA
438,027‌
1,189‌
Sydney
Airport
3,357,074‌
20,871‌
Vinci
SA
29,282‌
3,192‌
$
55,967‌
Environmental
Control
-
0.66%
AquaVenture
Holdings
Ltd
(c)
14,826‌
330‌
Casella
Waste
Systems
Inc
(c)
153,061‌
7,150‌
China
Water
Affairs
Group
Ltd
634,000‌
487‌
Covanta
Holding
Corp
306,964‌
4,515‌
Energy
Recovery
Inc
(c)
27,019‌
235‌
Evoqua
Water
Technologies
Corp
(c)
59,020‌
1,118‌
Kurita
Water
Industries
Ltd
87,500‌
2,449‌
METAWATER
Co
Ltd
8,900‌
325‌
Pentair
PLC
137,683‌
6,106‌
Tetra
Tech
Inc
40,551‌
3,580‌
$
26,295‌
Food
-
0.15%
Ingredion
Inc
36,839‌
3,064‌
Wilmar
International
Ltd
1,036,300‌
3,100‌
$
6,164‌
Forest
Products
&
Paper
-
2.37%
Acadian
Timber
Corp
135,881‌
1,705‌
Canfor
Corp
(c)
324,998‌
3,883‌
Clearwater
Paper
Corp
(c)
39,974‌
875‌
Domtar
Corp
42,258‌
1,577‌
Empresas
CMPC
SA
757,605‌
1,644‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
38
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Forest
Products
&
Paper
(continued)
Holmen
AB
121,385‌
$
3,615‌
Interfor
Corp
(c)
418,119‌
4,958‌
International
Paper
Co
153,073‌
7,094‌
Mercer
International
Inc
83,791‌
1,050‌
Mondi
PLC
391,895‌
8,484‌
Nine
Dragons
Paper
Holdings
Ltd
4,603,000‌
4,686‌
Oji
Holdings
Corp
1,231,200‌
7,037‌
Sappi
Ltd
178,793‌
486‌
Smurfit
Kappa
Group
PLC
204,832‌
7,266‌
Stora
Enso
Oyj
574,652‌
7,724‌
Sumitomo
Forestry
Co
Ltd
180,800‌
2,616‌
Suzano
SA
436,600‌
3,930‌
Svenska
Cellulosa
AB
SCA
954,446‌
9,498‌
UPM-Kymmene
Oyj
262,803‌
8,780‌
West
Fraser
Timber
Co
Ltd
143,006‌
6,220‌
Western
Forest
Products
Inc
1,809,119‌
1,648‌
$
94,776‌
Gas
-
1.63%
Atmos
Energy
Corp
30,000‌
3,209‌
National
Grid
PLC
2,819,077‌
32,415‌
Snam
SpA
4,141,976‌
20,579‌
Southwest
Gas
Holdings
Inc
107,400‌
8,136‌
Western
Midstream
Partners
LP
52,361‌
928‌
$
65,267‌
Hand
&
Machine
Tools
-
0.04%
Franklin
Electric
Co
Inc
31,510‌
1,748‌
Healthcare
-
Products
-
0.25%
Danaher
Corp
57,646‌
8,415‌
Hengan
International
Group
Co
Ltd
245,000‌
1,618‌
$
10,033‌
Healthcare
-
Services
-
0.00%
Millennium
Health
LLC
(c),(e)
22,091‌
—‌
Millennium
Health
LLC
(c),(e),(f),(g)
20,580‌
23‌
Millennium
Health
LLC
(c),(e),(f),(g)
19,318‌
19‌
$
42‌
Home
Builders
-
0.28%
DR
Horton
Inc
44,147‌
2,444‌
Lennar
Corp
-
A
Shares
40,722‌
2,429‌
PulteGroup
Inc
57,271‌
2,271‌
Taylor
Morrison
Home
Corp
(c)
35,088‌
815‌
Toll
Brothers
Inc
61,069‌
2,453‌
TRI
Pointe
Group
Inc
(c)
52,330‌
815‌
$
11,227‌
Internet
-
0.00%
Catalina
Marketing
Corp
(c)
3,965‌
12‌
Iron
&
Steel
-
1.19%
ArcelorMittal
SA
762,448‌
13,020‌
Evraz
PLC
470,958‌
2,255‌
Fortescue
Metals
Group
Ltd
528,119‌
3,478‌
JFE
Holdings
Inc
243,000‌
3,099‌
Nippon
Steel
Corp
203,200‌
2,983‌
Novolipetsk
Steel
PJSC
128,107‌
2,579‌
Nucor
Corp
58,117‌
3,276‌
POSCO
16,341‌
3,181‌
Steel
Dynamics
Inc
233,618‌
7,880‌
thyssenkrupp
AG
232,553‌
2,909‌
Vale
SA
ADR
(c)
258,778‌
3,043‌
$
47,703‌
Lodging
-
0.33%
City
Developments
Ltd
596,900‌
4,516‌
Hilton
Worldwide
Holdings
Inc
80,814‌
8,486‌
$
13,002‌
Machinery
-
Diversified
-
0.80%
ANDRITZ
AG
87,015‌
3,392‌
Gorman-Rupp
Co/The
14,345‌
531‌
IDEX
Corp
51,400‌
8,365‌
Kadant
Inc
17,325‌
1,687‌
Lindsay
Corp
8,837‌
797‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Machinery
-
Diversified
(continued)
Mueller
Water
Products
Inc
-
Class
A
128,921‌
$
1,454‌
Organo
Corp
5,000‌
304‌
SIG
Combibloc
Group
AG
(c)
111,296‌
1,541‌
Valmet
Oyj
117,809‌
2,637‌
Xylem
Inc/NY
147,498‌
11,433‌
$
32,141‌
Media
-
0.13%
Cumulus
Media
Inc
(c)
65,678‌
1,139‌
iHeartMedia
Inc
(c)
253,758‌
3,905‌
$
5,044‌
Metal
Fabrication
&
Hardware
-
0.08%
Advanced
Drainage
Systems
Inc
41,581‌
1,586‌
Reliance
Worldwide
Corp
Ltd
647,375‌
1,796‌
$
3,382‌
Mining
-
3.26%
Agnico
Eagle
Mines
Ltd
45,400‌
2,697‌
Anglo
American
PLC
871,954‌
22,815‌
Antofagasta
PLC
269,903‌
3,024‌
Barrick
Gold
Corp
1,009,980‌
16,865‌
BHP
Group
Ltd
116,421‌
3,002‌
Franco-Nevada
Corp
29,100‌
2,863‌
Freeport-McMoRan
Inc
1,562,258‌
17,778‌
Glencore
PLC
(c)
986,440‌
3,114‌
Kirkland
Lake
Gold
Ltd
58,400‌
2,453‌
Korea
Zinc
Co
Ltd
7,927‌
2,728‌
Lundin
Mining
Corp
1,118,335‌
6,053‌
MMC
Norilsk
Nickel
PJSC
ADR
117,383‌
3,085‌
Newcrest
Mining
Ltd
114,187‌
2,378‌
Newmont
Goldcorp
Corp
366,611‌
14,078‌
Norsk
Hydro
ASA
898,805‌
3,178‌
Rio
Tinto
Ltd
48,242‌
3,163‌
South32
Ltd
1,600,361‌
2,916‌
Southern
Copper
Corp
90,081‌
3,426‌
Sumitomo
Metal
Mining
Co
Ltd
100,900‌
3,061‌
Teck
Resources
Ltd
166,800‌
2,612‌
Teck
Resources
Ltd
426,824‌
6,701‌
Wheaton
Precious
Metals
Corp
96,500‌
2,652‌
$
130,642‌
Miscellaneous
Manufacturers
-
0.23%
Aalberts
NV
78,820‌
3,337‌
Alfa
Laval
AB
245,502‌
6,040‌
$
9,377‌
Oil
&
Gas
-
5.19%
BP
PLC
3,484,463‌
21,703‌
Canadian
Natural
Resources
Ltd
118,900‌
3,322‌
Chevron
Corp
24,181‌
2,832‌
CNOOC
Ltd
1,905,000‌
2,765‌
Concho
Resources
Inc
60,421‌
4,384‌
ConocoPhillips
313,271‌
18,778‌
Ecopetrol
SA
ADR
180,275‌
3,301‌
Empresas
COPEC
SA
196,034‌
1,554‌
Eni
SpA
188,950‌
2,847‌
EOG
Resources
Inc
38,369‌
2,720‌
Equinor
ASA
837,189‌
15,434‌
Exxon
Mobil
Corp
41,568‌
2,832‌
Fieldwood
Energy
Inc
(c)
2,556‌
51‌
Fieldwood
Energy
LLC
(c),(e),(g)
12,648‌
253‌
Gazprom
PJSC
ADR
412,545‌
3,276‌
Helmerich
&
Payne
Inc
105,869‌
4,185‌
Hess
Corp
157,160‌
9,758‌
Imperial
Oil
Ltd
115,700‌
2,897‌
LUKOIL
PJSC
ADR
35,432‌
3,380‌
Marathon
Petroleum
Corp
245,336‌
14,877‌
Neste
Oyj
90,253‌
3,051‌
Novatek
PJSC
14,683‌
2,909‌
Occidental
Petroleum
Corp
65,468‌
2,525‌
OMV
AG
131,736‌
7,504‌
PBF
Energy
Inc
153,759‌
4,813‌
Petroleo
Brasileiro
SA
ADR
834,549‌
11,450‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
39
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Oil
&
Gas
(continued)
Petroleo
Brasileiro
SA
ADR
210,077‌
$
3,094‌
Phillips
66
28,862‌
3,311‌
Pioneer
Natural
Resources
Co
98,024‌
12,532‌
Repsol
SA
195,524‌
3,078‌
Rosneft
Oil
Co
PJSC
467,108‌
3,173‌
Royal
Dutch
Shell
PLC
-
A
Shares
102,717‌
2,943‌
Suncor
Energy
Inc
97,000‌
3,026‌
Tatneft
PJSC
ADR
42,819‌
2,954‌
TOTAL
SA
56,948‌
2,987‌
Transocean
Ltd
(c)
54,446‌
271‌
Valero
Energy
Corp
146,288‌
13,969‌
Vantage
Drilling
International
(c)
1,554‌
18‌
Woodside
Petroleum
Ltd
131,494‌
3,068‌
$
207,825‌
Oil
&
Gas
Services
-
0.49%
Halliburton
Co
151,090‌
3,171‌
Saipem
SpA
(c)
713,647‌
3,261‌
Schlumberger
Ltd
350,603‌
12,692‌
Select
Energy
Services
Inc
(c)
46,405‌
356‌
$
19,480‌
Packaging
&
Containers
-
1.05%
Amcor
PLC
289,874‌
2,974‌
Ball
Corp
173,732‌
11,477‌
DS
Smith
PLC
877,937‌
4,329‌
Graphic
Packaging
Holding
Co
110,298‌
1,795‌
Greif
Inc
-
Class
A
33,447‌
1,443‌
Klabin
SA
439,400‌
1,837‌
Lee
&
Man
Paper
Manufacturing
Ltd
1,145,000‌
775‌
Packaging
Corp
of
America
50,593‌
5,661‌
Sealed
Air
Corp
71,485‌
2,697‌
Sonoco
Products
Co
23,883‌
1,446‌
Westrock
Co
191,045‌
7,705‌
$
42,139‌
Pipelines
-
4.47%
AltaGas
Ltd
625,819‌
9,282‌
Antero
Midstream
Corp
45,285‌
207‌
APA
Group
2,041,270‌
15,207‌
BP
Midstream
Partners
LP
15,971‌
233‌
Cheniere
Energy
Inc
(c)
307,570‌
18,621‌
Cheniere
Energy
Partners
LP
2,739‌
106‌
Enbridge
Inc
3,172‌
121‌
Enbridge
Inc
947,903‌
35,895‌
Energy
Transfer
LP
493,263‌
5,825‌
Enterprise
Products
Partners
LP
275,940‌
7,263‌
EQM
Midstream
Partners
LP
31,242‌
724‌
Gibson
Energy
Inc
536,768‌
10,086‌
Kinder
Morgan
Inc/DE
269,460‌
5,284‌
Koninklijke
Vopak
NV
54,963‌
2,930‌
Magellan
Midstream
Partners
LP
38,763‌
2,267‌
MPLX
LP
86,979‌
2,057‌
NuStar
Energy
LP
10,041‌
283‌
ONEOK
Inc
24,643‌
1,751‌
Pembina
Pipeline
Corp
305,989‌
10,684‌
Phillips
66
Partners
LP
29,958‌
1,670‌
Plains
All
American
Pipeline
LP
109,426‌
1,904‌
Rattler
Midstream
LP
7,835‌
125‌
Shell
Midstream
Partners
LP
37,554‌
738‌
Tallgrass
Energy
LP
12,901‌
231‌
Targa
Resources
Corp
15,204‌
555‌
TC
Energy
Corp
14,029‌
715‌
TC
Energy
Corp
287,576‌
14,549‌
Williams
Cos
Inc/The
1,307,013‌
29,695‌
$
179,008‌
Real
Estate
-
1.05%
ADO
Properties
SA
(d)
47,661‌
1,857‌
Aroundtown
SA
610,424‌
5,297‌
Entra
ASA
(d)
290,789‌
4,414‌
Fabege
AB
389,175‌
6,084‌
LEG
Immobilien
AG
20,700‌
2,337‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Real
Estate
(continued)
Mitsubishi
Estate
Co
Ltd
486,400‌
$
8,921‌
Mitsui
Fudosan
Co
Ltd
182,270‌
4,539‌
New
World
Development
Co
Ltd
2,004,340‌
2,615‌
Pope
Resources
a
Delaware
LP
37,260‌
3,321‌
Tokyo
Tatemono
Co
Ltd
180,300‌
2,745‌
$
42,130‌
REITs
-
9.15%
Alexandria
Real
Estate
Equities
Inc
94,453‌
15,350‌
Allied
Properties
Real
Estate
Investment
Trust
88,500‌
3,558‌
American
Homes
4
Rent
122,858‌
3,282‌
American
Tower
Corp
16,240‌
3,476‌
Americold
Realty
Trust
237,839‌
8,947‌
Apartment
Investment
&
Management
Co
132,463‌
7,123‌
AvalonBay
Communities
Inc
60,466‌
12,965‌
Boston
Properties
Inc
15,700‌
2,175‌
CatchMark
Timber
Trust
Inc
277,495‌
3,294‌
CFE
Capital
S
de
RL
de
CV
9,677,952‌
13,820‌
Cousins
Properties
Inc
103,996‌
4,211‌
Crown
Castle
International
Corp
116,498‌
15,571‌
CubeSmart
112,732‌
3,477‌
Daiwa
Office
Investment
Corp
816‌
6,126‌
Dexus
714,492‌
5,904‌
EPR
Properties
47,857‌
3,394‌
Equinix
Inc
9,131‌
5,176‌
Essential
Properties
Realty
Trust
Inc
138,086‌
3,603‌
Essex
Property
Trust
Inc
41,378‌
12,917‌
Frasers
Logistics
&
Industrial
Trust
3,111,651‌
2,845‌
Gecina
SA
43,513‌
7,517‌
Goodman
Group
1,428,807‌
14,309‌
Inmobiliaria
Colonial
Socimi
SA
839,142‌
10,572‌
InterRent
Real
Estate
Investment
Trust
276,860‌
3,435‌
Invitation
Homes
Inc
489,518‌
14,945‌
Japan
Hotel
REIT
Investment
Corp
7,480‌
6,131‌
Japan
Retail
Fund
Investment
Corp
1,374‌
3,128‌
Kilroy
Realty
Corp
61,891‌
5,152‌
Link
REIT
918,770‌
9,382‌
MCUBS
MidCity
Investment
Corp
5,281‌
5,707‌
Merlin
Properties
Socimi
SA
321,156‌
4,583‌
Minto
Apartment
Real
Estate
Investment
Trust
392,842‌
6,784‌
Nippon
Prologis
REIT
Inc
(c)
1,600‌
4,292‌
Physicians
Realty
Trust
193,507‌
3,713‌
PotlatchDeltic
Corp
206,961‌
8,988‌
Prologis
Inc
166,993‌
15,288‌
Rayonier
Inc
413,984‌
12,680‌
Regency
Centers
Corp
109,952‌
7,151‌
Rexford
Industrial
Realty
Inc
319,513‌
15,292‌
Segro
PLC
788,471‌
9,107‌
Simon
Property
Group
Inc
56,401‌
8,528‌
STORE
Capital
Corp
237,920‌
9,686‌
Summit
Industrial
Income
REIT
199,847‌
1,932‌
Sunstone
Hotel
Investors
Inc
177,180‌
2,481‌
UNITE
Group
PLC/The
465,405‌
7,521‌
United
Urban
Investment
Corp
2,769‌
5,387‌
Warehouses
De
Pauw
CVA
12,700‌
2,247‌
Welltower
Inc
127,212‌
10,758‌
Weyerhaeuser
Co
422,802‌
12,477‌
$
366,387‌
Retail
-
0.00%
Gymboree
Corp/The
(c),(e),(f),(g)
17,842‌
9‌
Gymboree
Holding
Corp
(c),(f),(g)
48,577‌
24‌
$
33‌
Software
-
0.18%
Avaya
Holdings
Corp
(c)
118,091‌
1,508‌
InterXion
Holding
NV
(c)
66,217‌
5,631‌
$
7,139‌
Storage
&
Warehousing
-
0.10%
Safestore
Holdings
PLC
404,643‌
3,958‌
Telecommunications
-
0.06%
Eutelsat
Communications
SA
156,005‌
2,559‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
40
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Transportation
-
0.15%
East
Japan
Railway
Co
62,100‌
$
5,715‌
Harvey
Gulf
(c),(f),(g)
3,014‌
21‌
Harvey
Gulf
-
Warrants
(c),(f),(g)
13,471‌
94‌
$
5,830‌
Water
-
3.10%
Aguas
Andinas
SA
33,036,417‌
13,317‌
American
States
Water
Co
27,330‌
2,331‌
American
Water
Works
Co
Inc
126,676‌
15,332‌
Aqua
America
Inc
160,108‌
7,088‌
Beijing
Enterprises
Water
Group
Ltd
(c)
4,460,000‌
2,189‌
California
Water
Service
Group
35,721‌
1,836‌
Cia
de
Saneamento
Basico
do
Estado
de
Sao
Paulo
ADR
253,586‌
3,393‌
Cia
de
Saneamento
do
Parana
208,940‌
4,513‌
Guangdong
Investment
Ltd
2,134,000‌
4,413‌
Middlesex
Water
Co
12,294‌
772‌
Pennon
Group
PLC
883,029‌
10,407‌
Severn
Trent
PLC
516,994‌
14,997‌
SJW
Group
19,204‌
1,360‌
Suez
314,529‌
4,656‌
United
Utilities
Group
PLC
2,637,201‌
29,103‌
Veolia
Environnement
SA
318,017‌
8,143‌
York
Water
Co/The
9,629‌
427‌
$
124,277‌
TOTAL
COMMON
STOCKS
$
2,137,460‌
BONDS
-
10.84%
Principal
Amount
(000's)
Value
(000's)
Commercial
Mortgage
Backed
Securities
-
3.99%
Bank
2019-BNK19
1.10%,
08/15/2061
(h),(i)
$
63,932‌
$
4,934‌
2.26%,
08/15/2061
1,927‌
1,939‌
BBCMS
2018-TALL
Mortgage
Trust
2.49%,
03/15/2037
(d)
15,000‌
14,934‌
1.00
x
1
Month
USD
LIBOR
+
0.72%
BBCMS
2019-BWAY
Mortgage
Trust
2.76%,
11/25/2034
(d)
11,500‌
11,422‌
1.00
x
1
Month
USD
LIBOR
+
0.96%
BENCHMARK
2018-B1
Mortgage
Trust
0.00%,
12/15/2072
(c),(h),(i),(j)
16,135‌
1,037‌
2.00%,
12/15/2072
(j)
3,269‌
3,268‌
Benchmark
2019-B12
Mortgage
Trust
1.21%,
08/15/2052
(h),(i)
94,936‌
7,122‌
2.26%,
08/15/2052
2,882‌
2,896‌
BF
2019-NYT
Mortgage
Trust
2.97%,
11/15/2035
(d)
6,950‌
6,980‌
1.00
x
1
Month
USD
LIBOR
+
1.20%
BHP
Trust
2019-BXHP
2.74%,
08/15/2036
(d)
10,000‌
9,950‌
1.00
x
1
Month
USD
LIBOR
+
0.98%
BX
Commercial
Mortgage
Trust
2018-IND
2.52%,
11/15/2035
(d)
8,930‌
8,933‌
1.00
x
1
Month
USD
LIBOR
+
0.75%
BX
Commercial
Mortgage
Trust
2019-XL
2.69%,
10/15/2036
(d)
5,000‌
5,005‌
1.00
x
1
Month
USD
LIBOR
+
0.92%
BX
Trust
0.00%,
11/25/2028
(c),(d),(j)
2,500‌
2,500‌
1.00
x
1
Month
USD
LIBOR
+
0.88%
BX
Trust
2018-EXCL
2.85%,
09/15/2037
(d)
5,762‌
5,757‌
1.00
x
1
Month
USD
LIBOR
+
1.09%
CGDB
Commercial
Mortgage
Trust
2019-MOB
2.80%,
11/15/2036
(d)
6,500‌
6,500‌
1.00
x
1
Month
USD
LIBOR
+
0.95%
Citigroup
Commercial
Mortgage
Trust
2019-GC41
1.19%,
08/10/2056
(h),(i)
71,467‌
5,651‌
1.95%,
08/10/2056
3,851‌
3,847‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Mortgage
Backed
Securities
(continued)
COMM
2018-HCLV
Mortgage
Trust
2.77%,
09/15/2033
(d)
$
10,120‌
$
10,101‌
1.00
x
1
Month
USD
LIBOR
+
1.00%
CORE
2019-CORE
Mortgage
Trust
2.65%,
12/15/2031
(d)
6,100‌
6,105‌
1.00
x
1
Month
USD
LIBOR
+
0.88%
DBCG
2017-BBG
Mortgage
Trust
2.47%,
06/15/2034
(d)
3,840‌
3,833‌
1.00
x
1
Month
USD
LIBOR
+
0.70%
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
1.10%,
05/25/2026
(h),(i)
73,727‌
4,039‌
1.44%,
07/25/2026
(h),(i)
12,100‌
878‌
GS
Mortgage
Securities
Corp
Trust
2018-HULA
2.69%,
07/15/2025
(d)
5,919‌
5,901‌
1.00
x
1
Month
USD
LIBOR
+
0.92%
GS
Mortgage
Securities
Corp
Trust
2019-SMP
2.92%,
08/15/2032
(d)
4,000‌
4,000‌
1.00
x
1
Month
USD
LIBOR
+
1.15%
GS
Mortgage
Securities
Corp
Trust
2019-SOHO
2.67%,
06/15/2036
(d)
3,000‌
3,000‌
1.00
x
1
Month
USD
LIBOR
+
0.90%
J.P.
Morgan
Chase
Commercial
Mortgage
Securities
Trust
2018-PHH
2.68%,
06/15/2035
(d)
11,144‌
11,148‌
1.00
x
1
Month
USD
LIBOR
+
0.91%
JP
Morgan
Chase
Commercial
Mortgage
Securities
Trust
2019-BKWD
2.77%,
09/15/2029
(d)
5,000‌
5,000‌
1.00
x
1
Month
USD
LIBOR
+
1.00%
UBS-Barclays
Commercial
Mortgage
Trust
2012-C3
3.09%,
08/10/2049
3,000‌
3,062‌
$
159,742‌
Federal
&
Federally
Sponsored
Credit
-
2.48%
Federal
Farm
Credit
Banks
Funding
Corp
1.79%,
10/22/2020
(k)
10,000‌
10,001‌
1.81%,
04/21/2021
(k)
11,000‌
11,008‌
1
Month
USD
LIBOR
+
0.09%
1.85%,
11/18/2021
(k)
21,000‌
20,992‌
1
Month
USD
LIBOR
+
0.18%
1.89%,
08/19/2021
(k)
9,000‌
8,981‌
1.90%,
11/05/2021
(k)
39,500‌
39,518‌
1
Month
USD
LIBOR
+
0.26%
2.10%,
06/24/2021
(k)
8,700‌
8,714‌
$
99,214‌
Finance
-
Mortgage
Loan/Banker
-
3.41%
Fannie
Mae
1.59%,
01/29/2021
(k)
14,700‌
14,686‌
United
States
Secured
Overnight
Financing
Rate
+
0.04%
1.63%,
10/30/2020
(k)
24,000‌
23,994‌
United
States
Secured
Overnight
Financing
Rate
+
0.15%
1.65%,
04/30/2020
(k)
8,800‌
8,801‌
United
States
Secured
Overnight
Financing
Rate
+
0.10%
Federal
Home
Loan
Bank
Discount
Notes
1.56%,
01/23/2020
(k),(l)
25,000‌
24,942‌
1.70%,
12/03/2019
(k),(l)
28,000‌
27,999‌
Federal
Home
Loan
Banks
2.15%,
02/05/2021
(k)
10,000‌
10,002‌
Freddie
Mac
2.00%,
08/19/2021
(k)
26,125‌
26,137‌
$
136,561‌
Media
-
0.07%
Clear
Channel
Communications
0.00%,
12/15/2019
(c),(f),(g)
523‌
—‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
41
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
(continued)
iHeartCommunications
Inc
8.38%,
05/01/2027
$
2,601‌
$
2,835‌
$
2,835‌
Sovereign
-
0.89%
French
Republic
Government
Bond
OAT
1.85%,
07/25/2027
EUR
1,378‌
1,891‌
Italy
Buoni
Poliennali
Del
Tesoro
1.30%,
05/15/2028
(d)
11,212‌
13,226‌
Japanese
Government
CPI
Linked
Bond
0.10%,
03/10/2027
JPY
488,294‌
4,597‌
0.10%,
03/10/2028
624,518‌
5,888‌
0.10%,
03/10/2029
714,318‌
6,734‌
New
Zealand
Government
Inflation
Linked
Bond
2.62%,
09/20/2040
NZD
901‌
796‌
2.65%,
09/20/2035
3,001‌
2,530‌
$
35,662‌
TOTAL
BONDS
$
434,014‌
COMMODITY
INDEXED
STRUCTURED
NOTES
-
0.43%
Principal
Amount
(000's)
Value
(000's)
Banks
-
0.43%
Royal
Bank
of
Canada;
Dow
Jones
-
UBS
Commodity
Index
Linked
Note
1.55%,
05/18/2020
(d),(i)
$
21,700‌
17,208‌
TOTAL
COMMODITY
INDEXED
STRUCTURED
NOTES
$
17,208‌
CONVERTIBLE
BONDS
-
0.01%
Principal
Amount
(000's)
Value
(000's)
Oil
&
Gas
-
0.01%
Vantage
Drilling
International
1.00%,
PIK
1.00%,
12/31/2030
(i),(m)
277‌
278‌
TOTAL
CONVERTIBLE
BONDS
$
278‌
SENIOR
FLOATING
RATE
INTERESTS
-
13.80%
Principal
Amount
(000's)
Value
(000's)
Advertising
-
0.26%
Advantage
Sales
&
Marketing
Inc
4.95%,
07/23/2021
(n)
$
1,266‌
$
1,192‌
3
Month
USD
LIBOR
+
3.25%
4.95%,
07/23/2021
(n)
430‌
404‌
3
Month
USD
LIBOR
+
3.25%
Affinion
Group
Inc
5.70%,
PIK
1.75%,
04/10/2024
(m),(n)
739‌
632‌
US
LIBOR
+
4.00%
CBS
Outdoor
0.00%,
11/18/2026
(n),(o)
1,157‌
1,158‌
Checkout
Holding
Corp
2.72%,
PIK
9.50%,
08/15/2023
(m),(n)
239‌
98‌
3
Month
USD
LIBOR
+
1.00%
9.22%,
02/15/2023
(n)
182‌
143‌
3
Month
USD
LIBOR
+
7.50%
Clear
Channel
Outdoor
Holdings
Inc
5.20%,
08/07/2026
(n)
5,870‌
5,886‌
1
Month
USD
LIBOR
+
3.50%
Red
Ventures
LLC
4.70%,
11/08/2024
(n)
791‌
790‌
3
Month
USD
LIBOR
+
3.00%
$
10,303‌
Aerospace
&
Defense
-
0.20%
Sequa
Mezzanine
Holdings
LLC
6.90%,
10/28/2021
(n)
2,620‌
2,613‌
3
Month
USD
LIBOR
+
5.00%
10.94%,
04/28/2022
(n)
1,304‌
1,265‌
3
Month
USD
LIBOR
+
9.00%
TransDigm
Inc
4.20%,
06/09/2023
(n)
3,228‌
3,228‌
3
Month
USD
LIBOR
+
2.50%
4.20%,
05/30/2025
(n)
985‌
984‌
3
Month
USD
LIBOR
+
2.50%
$
8,090‌
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Airlines
-
0.15%
Allegiant
Travel
Co
6.39%,
01/29/2024
(n)
$
596‌
$
598‌
3
Month
USD
LIBOR
+
4.50%
American
Airlines
Inc
3.45%,
06/27/2025
(n)
303‌
300‌
3
Month
USD
LIBOR
+
1.75%
3.70%,
04/28/2023
(n)
750‌
750‌
3
Month
USD
LIBOR
+
2.00%
3.77%,
12/14/2023
(n)
1,646‌
1,646‌
3
Month
USD
LIBOR
+
2.00%
Kestrel
Bidco
Inc
0.00%,
08/07/2026
(n),(o)
2,750‌
2,764‌
3
Month
USD
LIBOR
+
3.00%
$
6,058‌
Apparel
-
0.02%
Champ
Acquisition
Corp
7.60%,
12/17/2025
(n)
989‌
968‌
3
Month
USD
LIBOR
+
5.50%
Automobile
Parts
&
Equipment
-
0.09%
Panther
BF
Aggregator
2
LP
5.28%,
04/30/2026
(n)
3,500‌
3,498‌
3
Month
USD
LIBOR
+
3.50%
Beverages
-
0.04%
Jacobs
Douwe
Egberts
International
BV
3.81%,
10/23/2025
(n)
1,400‌
1,404‌
3
Month
USD
LIBOR
+
2.00%
Biotechnology
-
0.13%
Concordia
International
Corp
7.10%,
09/06/2024
(n)
5,602‌
5,191‌
US
LIBOR
+
5.50%
Building
Materials
-
0.08%
Quikrete
Holdings
Inc
4.45%,
11/03/2023
(n)
3,083‌
3,081‌
3
Month
USD
LIBOR
+
2.75%
Chemicals
-
0.02%
INEOS
US
Finance
LLC
3.70%,
03/31/2024
(n)
236‌
235‌
3
Month
USD
LIBOR
+
2.00%
Minerals
Technologies
Inc
4.75%,
05/09/2021
(n)
427‌
425‌
Tronox
Finance
LLC
4.61%,
09/13/2024
(n)
35‌
34‌
3
Month
USD
LIBOR
+
3.00%
$
694‌
Coal
-
0.02%
Peabody
Energy
Corp
4.45%,
03/31/2025
(n)
1,074‌
900‌
3
Month
USD
LIBOR
+
2.75%
Commercial
Services
-
0.58%
Atlantic
Aviation
FBO
Inc
5.46%,
11/28/2025
(n)
744‌
750‌
3
Month
USD
LIBOR
+
3.75%
Belron
Finance
4.44%,
10/25/2026
(n)
1,000‌
1,002‌
US
LIBOR
+
2.50%
Concentra
Inc
4.54%,
06/01/2022
(n)
2,576‌
2,575‌
1
Month
USD
LIBOR
+
2.50%
Fly
Funding
0.00%,
08/09/2025
(n),(o)
1,479‌
1,477‌
Garda
World
Security
6.66%,
10/23/2026
(n)
882‌
878‌
US
LIBOR
+
4.75%
PAREXEL
International
Corp
4.45%,
08/09/2024
(n)
2,387‌
2,302‌
3
Month
USD
LIBOR
+
2.75%
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
42
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Services
(continued)
Refinitiv
US
Holdings
Inc
5.51%,
10/01/2025
(n)
$
2,480‌
$
2,494‌
3
Month
USD
LIBOR
+
3.75%
Syniverse
Holdings
Inc
6.85%,
02/09/2023
(n)
2,815‌
2,490‌
3
Month
USD
LIBOR
+
5.00%
10.85%,
02/09/2024
(n)
2,350‌
1,614‌
3
Month
USD
LIBOR
+
9.00%
Team
Health
Holdings
Inc
4.45%,
02/06/2024
(n)
1,387‌
974‌
3
Month
USD
LIBOR
+
2.75%
Trans
Union
LLC
3.45%,
11/13/2026
(n)
2,359‌
2,360‌
1
Month
USD
LIBOR
+
1.75%
Verscend
Holding
Corp
6.20%,
08/08/2025
(n)
2,219‌
2,221‌
3
Month
USD
LIBOR
+
4.50%
Wand
NewCo
3
Inc
5.20%,
01/23/2026
(n)
998‌
1,001‌
3
Month
USD
LIBOR
+
3.50%
WEX
Inc
3.95%,
05/14/2026
(n)
915‌
918‌
3
Month
USD
LIBOR
+
2.25%
$
23,056‌
Computers
-
0.62%
Dell
International
LLC
3.71%,
09/12/2025
(n)
6,595‌
6,629‌
1
Month
USD
LIBOR
+
2.00%
Diebold
Nixdorf
Inc
11.00%,
08/31/2022
(n)
1,573‌
1,626‌
3
Month
USD
LIBOR
+
9.25%
iQor
US
Inc
7.10%,
04/01/2021
(n)
1,515‌
1,309‌
3
Month
USD
LIBOR
+
5.00%
McAfee
LLC
5.45%,
09/30/2024
(n)
6,928‌
6,934‌
3
Month
USD
LIBOR
+
3.75%
10.20%,
09/29/2025
(n)
656‌
658‌
3
Month
USD
LIBOR
+
8.50%
NCR
Corp
4.21%,
08/07/2026
(n)
1,000‌
1,001‌
1
Month
USD
LIBOR
+
2.50%
NeuStar
Inc
5.20%,
08/08/2024
(n)
801‌
748‌
3
Month
USD
LIBOR
+
3.50%
Perforce
Software
Inc
6.20%,
07/01/2026
(n)
1,000‌
995‌
1
Month
USD
LIBOR
+
4.50%
Tempo
Acquisition
LLC
4.79%,
05/01/2024
(n)
2,213‌
2,213‌
3
Month
USD
LIBOR
+
3.00%
Western
Digital
Corp
3.45%,
04/29/2023
(n)
2,574‌
2,566‌
1
Month
USD
LIBOR
+
1.75%
$
24,679‌
Consumer
Products
-
0.05%
KIK
Custom
Products
Inc
5.70%,
05/15/2023
(n)
2,125‌
2,044‌
3
Month
USD
LIBOR
+
4.00%
Cosmetics
&
Personal
Care
-
0.18%
Coty
Inc
3.26%,
04/05/2023
(n)
3,126‌
3,040‌
1
Month
USD
LIBOR
+
1.50%
4.01%,
04/07/2025
(n)
199‌
192‌
3
Month
USD
LIBOR
+
2.25%
Edgewell
PCC
0.00%,
09/18/2026
(n),(o)
1,350‌
1,354‌
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Cosmetics
&
Personal
Care
(continued)
Revlon
Consumer
Products
Corp
5.41%,
07/21/2023
(n)
$
3,699‌
$
2,695‌
1
Month
USD
LIBOR
+
3.50%
$
7,281‌
Distribution
&
Wholesale
-
0.08%
Core
&
Main
LP
4.67%,
08/01/2024
(n)
1,469‌
1,448‌
3
Month
USD
LIBOR
+
3.00%
IAA
Inc
4.00%,
05/22/2026
(n)
211‌
211‌
3
Month
USD
LIBOR
+
2.25%
KAR
Auction
Services
Inc
4.00%,
09/11/2026
(n)
280‌
282‌
1
Month
USD
LIBOR
+
2.25%
Univar
Solutions
USA
Inc/Washington
0.00%,
07/01/2026
(n),(o)
1,294‌
1,295‌
1
Month
USD
LIBOR
+
2.00%
$
3,236‌
Diversified
Financial
Services
-
0.21%
Avolon
TLB
Borrower
1
US
LLC
3.47%,
01/15/2025
(n)
3,502‌
3,514‌
3
Month
USD
LIBOR
+
1.75%
Capital
Automotive
LP
4.21%,
03/21/2024
(n)
2,295‌
2,295‌
3
Month
USD
LIBOR
+
2.50%
7.71%,
03/21/2025
(n)
2,039‌
2,041‌
3
Month
USD
LIBOR
+
6.00%
Ditech
Holding
Corp
0.00%,
06/30/2022
(c),(n)
1,523‌
614‌
3
Month
USD
LIBOR
+
6.00%
$
8,464‌
Electric
-
0.25%
Calpine
Corp
4.20%,
08/12/2026
(n)
1,950‌
1,955‌
3
Month
USD
LIBOR
+
2.50%
4.61%,
01/15/2024
(n)
833‌
835‌
3
Month
USD
LIBOR
+
2.50%
Exgen
Renewables
IV
LLC
5.13%,
11/28/2024
(n)
988‌
949‌
3
Month
USD
LIBOR
+
3.00%
Pacific
Gas
&
Electric
Co
0.00%,
04/27/2022
(n),(o)
1,000‌
964‌
3
Month
USD
LIBOR
+
1.28%
Vistra
Operations
Co
LLC
3.52%,
12/31/2025
(n)
5,230‌
5,244‌
1
Month
USD
LIBOR
+
1.75%
$
9,947‌
Electrical
Components
&
Equipment
-
0.02%
Energizer
Holdings
Inc
4.06%,
12/17/2025
(n)
720‌
723‌
3
Month
USD
LIBOR
+
2.25%
Electronics
-
0.03%
TTM
Technologies
Inc
4.28%,
09/13/2024
(n)
1,307‌
1,309‌
3
Month
USD
LIBOR
+
2.50%
Engineering
&
Construction
-
0.06%
1199169
BC
ULC
6.10%,
04/04/2026
(n)
699‌
701‌
3
Month
USD
LIBOR
+
4.00%
Brand
Industrial
Services
Inc
6.24%,
06/21/2024
(n)
381‌
373‌
3
Month
USD
LIBOR
+
4.25%
Dynasty
Acquisition
Co
Inc
6.10%,
04/04/2026
(n)
1,301‌
1,305‌
3
Month
USD
LIBOR
+
4.00%
$
2,379‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
43
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Entertainment
-
0.89%
AMC
Entertainment
Holdings
Inc
5.23%,
03/20/2026
(n)
$
3,753‌
$
3,766‌
3
Month
USD
LIBOR
+
3.00%
CCM
Merger
Inc
3.95%,
08/08/2021
(n)
2,341‌
2,338‌
3
Month
USD
LIBOR
+
2.25%
CEOC
LLC
3.79%,
10/06/2024
(n)
1,638‌
1,640‌
3
Month
USD
LIBOR
+
2.00%
Formula
One
Management
Ltd
4.20%,
02/01/2024
(n)
5,952‌
5,904‌
3
Month
USD
LIBOR
+
2.50%
Lions
Gate
Capital
Holdings
LLC
3.95%,
03/24/2025
(n)
527‌
513‌
3
Month
USD
LIBOR
+
2.25%
Merlin
Entertainment
0.00%,
10/16/2026
(n),(o)
1,414‌
1,424‌
Metro-Goldwyn-Mayer
Inc
4.21%,
07/03/2025
(n)
1,485‌
1,470‌
3
Month
USD
LIBOR
+
2.50%
6.21%,
07/03/2026
(n)
1,500‌
1,451‌
3
Month
USD
LIBOR
+
4.50%
Nascar
Holdings
LLC
4.51%,
10/19/2026
(n)
1,676‌
1,686‌
3
Month
USD
LIBOR
+
2.75%
PCI
Gaming
Authority
4.70%,
05/29/2026
(n)
1,810‌
1,820‌
3
Month
USD
LIBOR
+
3.00%
Penn
National
Gaming
Inc
3.95%,
08/14/2025
(n)
1,488‌
1,492‌
3
Month
USD
LIBOR
+
2.25%
Scientific
Games
International
Inc
4.45%,
08/14/2024
(n)
5,298‌
5,271‌
3
Month
USD
LIBOR
+
2.75%
Stars
Group
Holdings
BV
5.60%,
06/27/2025
(n)
4,952‌
4,971‌
3
Month
USD
LIBOR
+
3.50%
William
Morris
Endeavor
Entertainment
LLC
4.55%,
05/16/2025
(n)
1,953‌
1,918‌
3
Month
USD
LIBOR
+
2.75%
$
35,664‌
Environmental
Control
-
0.13%
Advanced
Disposal
Services
Inc
3.85%,
11/10/2023
(n)
3,207‌
3,212‌
3
Month
USD
LIBOR
+
2.25%
GFL
Environmental
Inc
4.70%,
05/09/2025
(n)
1,990‌
1,968‌
3
Month
USD
LIBOR
+
3.00%
$
5,180‌
Food
-
0.32%
Albertson's
LLC
4.45%,
11/17/2025
(n)
2,758‌
2,774‌
3
Month
USD
LIBOR
+
2.75%
Atkins
Nutritionals
0.00%,
07/08/2024
(n),(o)
2,425‌
2,437‌
Bellring
Brands
LLC
6.70%,
10/10/2024
(n)
1,000‌
998‌
1
Month
USD
LIBOR
+
5.00%
CHG
PPC
Parent
LLC
4.45%,
03/30/2025
(n)
243‌
243‌
3
Month
USD
LIBOR
+
2.75%
US
Foods,
Inc
3.45%,
06/27/2023
(n)
6,244‌
6,250‌
$
12,702‌
Food
Service
-
0.02%
8th
Avenue
Food
&
Provisions
Inc
5.51%,
09/19/2025
(n)
893‌
894‌
3
Month
USD
LIBOR
+
3.75%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Products
-
0.16%
Carestream
Health
Inc
7.54%,
02/28/2021
(n)
$
1,938‌
$
1,879‌
3
Month
USD
LIBOR
+
5.75%
11.20%,
06/07/2021
(n)
570‌
538‌
3
Month
USD
LIBOR
+
9.50%
CPI
Holdco
LLC
5.95%,
10/28/2026
(n)
1,550‌
1,546‌
1
Month
USD
LIBOR
+
4.25%
MedPlast
Holdings
Inc
5.85%,
07/02/2025
(n)
1,336‌
1,246‌
3
Month
USD
LIBOR
+
3.75%
Vyaire
Medical
Inc
6.84%,
04/11/2025
(n)
1,440‌
1,270‌
3
Month
USD
LIBOR
+
4.75%
$
6,479‌
Healthcare
-
Services
-
1.07%
AHP
Health
Partners
Inc
6.20%,
06/16/2025
(n)
1,434‌
1,434‌
3
Month
USD
LIBOR
+
4.50%
Air
Medical
Group
Holdings
Inc
4.97%,
04/28/2022
(n)
2,554‌
2,406‌
3
Month
USD
LIBOR
+
3.25%
Air
Methods
Corp
5.60%,
04/12/2024
(n)
1,414‌
1,166‌
3
Month
USD
LIBOR
+
3.50%
BW
NHHC
Holdco
Inc
6.91%,
05/15/2025
(n)
505‌
379‌
3
Month
USD
LIBOR
+
5.00%
Catalent
Pharma
Solutions
Inc
3.95%,
05/08/2026
(n)
995‌
995‌
3
Month
USD
LIBOR
+
2.25%
DaVita
Inc
3.95%,
08/07/2026
(n)
2,000‌
2,009‌
3
Month
USD
LIBOR
+
2.25%
Envision
Healthcare
Corp
5.45%,
10/10/2025
(n)
2,506‌
1,964‌
3
Month
USD
LIBOR
+
3.75%
Gentiva
Health
Services
Inc
5.50%,
07/02/2025
(n)
3,871‌
3,883‌
3
Month
USD
LIBOR
+
3.75%
HCA
Inc
3.45%,
03/13/2025
(n)
3,085‌
3,097‌
US
LIBOR
+
1.75%
3.45%,
03/17/2026
(n)
2,606‌
2,615‌
US
LIBOR
+
1.75%
Heartland
Dental
LLC
5.54%,
04/18/2025
(n)
112‌
109‌
3
Month
USD
LIBOR
+
3.75%
5.57%,
04/30/2025
(n)
8‌
7‌
3
Month
USD
LIBOR
+
3.75%
Jaguar
Holding
Co
II
4.20%,
08/18/2022
(n)
6,615‌
6,621‌
3
Month
USD
LIBOR
+
2.50%
MMM
Holdings
0.00%,
10/30/2026
(n),(o)
1,250‌
1,200‌
New
Millennium
Holdco
Inc
8.20%,
12/21/2020
(n)
736‌
346‌
3
Month
USD
LIBOR
+
6.50%
Phoenix
Guarantor
Inc
6.27%,
03/05/2026
(n)
2,129‌
2,138‌
3
Month
USD
LIBOR
+
4.50%
Quorum
Health
Corp
8.68%,
04/29/2022
(n)
367‌
347‌
3
Month
USD
LIBOR
+
6.75%
RegionalCare
Hospital
Partners
Holdings
Inc
6.20%,
11/14/2025
(n)
7,517‌
7,556‌
3
Month
USD
LIBOR
+
4.50%
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
44
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Services
(continued)
Select
Medical
Corp
4.58%,
03/06/2025
(n)
$
3,294‌
$
3,278‌
3
Month
USD
LIBOR
+
2.50%
Syneos
Health
Inc
3.70%,
08/01/2024
(n)
1,362‌
1,363‌
3
Month
USD
LIBOR
+
2.00%
$
42,913‌
Holding
Companies
-
Diversified
-
0.06%
Travelport
Finance
Luxembourg
Sarl
7.10%,
03/18/2026
(n)
2,500‌
2,275‌
3
Month
USD
LIBOR
+
5.00%
Insurance
-
0.14%
Acrisure
LLC
6.35%,
11/20/2023
(n)
968‌
960‌
3
Month
USD
LIBOR
+
4.25%
Alliant
Holdings
Intermediate
LLC
4.70%,
05/09/2025
(n)
2,187‌
2,162‌
3
Month
USD
LIBOR
+
3.00%
HUB
International
Ltd
4.69%,
04/25/2025
(n)
2,044‌
2,014‌
3
Month
USD
LIBOR
+
3.00%
5.90%,
04/25/2025
(n)
575‌
576‌
1
Month
USD
LIBOR
+
4.00%
$
5,712‌
Internet
-
0.14%
Ancestry.com
Operations
Inc
5.46%,
10/19/2023
(n)
1,834‌
1,766‌
1
Month
USD
LIBOR
+
3.75%
ProQuest
LLC
5.20%,
10/16/2026
(n)
1,200‌
1,203‌
3
Month
USD
LIBOR
+
3.50%
Uber
Technologies
Inc
5.30%,
07/13/2023
(n)
1,907‌
1,857‌
3
Month
USD
LIBOR
+
3.50%
5.76%,
04/04/2025
(n)
753‌
731‌
3
Month
USD
LIBOR
+
4.00%
$
5,557‌
Investment
Companies
-
0.12%
Abe
Investment
Holdings
Inc
6.25%,
02/13/2026
(n)
1,734‌
1,669‌
3
Month
USD
LIBOR
+
4.50%
RPI
Finance
Trust
3.70%,
03/27/2023
(n)
3,020‌
3,037‌
3
Month
USD
LIBOR
+
2.00%
$
4,706‌
Leisure
Products
&
Services
-
0.31%
Alterra
Mountain
Co
4.54%,
07/31/2024
(n)
2,552‌
2,556‌
1
Month
USD
LIBOR
+
2.75%
Callaway
Golf
Co
6.26%,
12/17/2025
(n)
1,399‌
1,411‌
3
Month
USD
LIBOR
+
4.50%
ClubCorp
Holdings
Inc
4.85%,
08/16/2024
(n)
1,137‌
1,036‌
3
Month
USD
LIBOR
+
2.75%
Equinox
Holdings
Inc
4.70%,
03/08/2024
(n)
1,771‌
1,764‌
3
Month
USD
LIBOR
+
3.00%
Fitness
International
LLC
4.20%,
04/18/2023
(n)
1,640‌
1,621‌
3
Month
USD
LIBOR
+
2.50%
Life
Time
Inc
4.66%,
06/10/2022
(n)
3,036‌
3,036‌
3
Month
USD
LIBOR
+
2.75%
Sabre
GLBL
Inc
3.70%,
02/22/2024
(n)
960‌
962‌
3
Month
USD
LIBOR
+
2.00%
$
12,386‌
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Lodging
-
0.36%
Boyd
Gaming
Corp
3.85%,
09/15/2023
(n)
$
3,618‌
$
3,623‌
3
Month
USD
LIBOR
+
2.25%
Caesars
Resort
Collection
LLC
4.45%,
12/22/2024
(n)
4,952‌
4,912‌
3
Month
USD
LIBOR
+
2.75%
CityCenter
Holdings
LLC
3.95%,
04/18/2024
(n)
2,507‌
2,510‌
3
Month
USD
LIBOR
+
2.25%
Hilton
Worldwide
Finance
LLC
3.46%,
06/18/2026
(n)
1,829‌
1,837‌
3
Month
USD
LIBOR
+
1.75%
Wyndham
Hotels
&
Resorts
Inc
3.45%,
05/30/2025
(n)
1,483‌
1,488‌
3
Month
USD
LIBOR
+
1.75%
$
14,370‌
Machinery
-
Construction
&
Mining
-
0.05%
North
American
Lifting
Holdings
Inc
6.60%,
11/27/2020
(n)
2,508‌
2,059‌
3
Month
USD
LIBOR
+
4.50%
Machinery
-
Diversified
-
0.20%
Altra
Industrial
Motion
Corp
3.83%,
09/26/2025
(n)
439‌
438‌
3
Month
USD
LIBOR
+
2.00%
Columbus
McKinnon
Corp/NY
4.60%,
01/31/2024
(n)
1,074‌
1,078‌
3
Month
USD
LIBOR
+
2.50%
Gardner
Denver
Inc
4.45%,
07/30/2024
(n)
3,367‌
3,377‌
3
Month
USD
LIBOR
+
2.75%
NN
Inc
4.95%,
03/26/2021
(n)
1,573‌
1,520‌
3
Month
USD
LIBOR
+
3.25%
5.45%,
10/19/2022
(n)
660‌
640‌
3
Month
USD
LIBOR
+
3.75%
RBS
Global
Inc
3.47%,
08/21/2024
(n)
1,114‌
1,116‌
1
Month
USD
LIBOR
+
1.75%
$
8,169‌
Media
-
1.09%
Altice
Financing
SA
4.52%,
07/15/2025
(n)
1,930‌
1,880‌
3
Month
USD
LIBOR
+
2.75%
Charter
Communications
Operating
LLC
3.45%,
02/01/2027
(n)
5,923‌
5,947‌
1
Month
USD
LIBOR
+
1.75%
CSC
Holdings
LLC
4.01%,
07/17/2025
(n)
499‌
497‌
3
Month
USD
LIBOR
+
2.25%
4.33%,
04/27/2027
(n)
1,481‌
1,482‌
1
Month
USD
LIBOR
+
2.50%
Cumulus
Media
New
Holdings
Inc
5.45%,
03/18/2026
(n)
1,334‌
1,340‌
1
Month
USD
LIBOR
+
3.75%
Entercom
Media
Corp
4.45%,
11/17/2024
(n)
1,246‌
1,252‌
3
Month
USD
LIBOR
+
2.75%
EW
Scripps
Co/The
4.45%,
04/03/2026
(n)
2,488‌
2,495‌
3
Month
USD
LIBOR
+
2.75%
Gray
Television
Inc
4.03%,
02/02/2024
(n)
2,053‌
2,054‌
3
Month
USD
LIBOR
+
2.25%
4.28%,
11/02/2025
(n)
691‌
693‌
3
Month
USD
LIBOR
+
2.50%
Houghton
Mifflin
0.00%,
11/19/2024
(n),(o)
1,500‌
1,447‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
45
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
(continued)
iHeartCommunications
Inc
5.78%,
05/01/2026
(n)
$
5,758‌
$
5,791‌
3
Month
USD
LIBOR
+
4.00%
LCPR
Loan
Financing
LLC
6.77%,
10/22/2026
(n)
1,815‌
1,829‌
1
Month
USD
LIBOR
+
5.00%
McGraw-Hill
Global
Education
Holdings
LLC
5.70%,
05/04/2022
(n)
2,762‌
2,516‌
3
Month
USD
LIBOR
+
4.00%
Mediacom
Illinois
LLC
3.34%,
02/15/2024
(n)
478‌
480‌
3
Month
USD
LIBOR
+
1.75%
Meredith
Corp
4.45%,
01/31/2025
(n)
1,891‌
1,899‌
3
Month
USD
LIBOR
+
2.75%
Midcontinent
Communications
4.01%,
07/29/2026
(n)
1,200‌
1,207‌
3
Month
USD
LIBOR
+
2.25%
Mission
Broadcasting
Inc
4.03%,
01/17/2024
(n)
402‌
402‌
3
Month
USD
LIBOR
+
2.25%
Nexstar
Broadcasting
Inc
3.95%,
01/17/2024
(n)
2,021‌
2,023‌
3
Month
USD
LIBOR
+
2.25%
4.45%,
09/21/2026
(n)
1,000‌
1,004‌
1
Month
USD
LIBOR
+
2.75%
Nielsen
Finance
LLC
3.76%,
10/04/2023
(n)
1,935‌
1,929‌
3
Month
USD
LIBOR
+
2.00%
Sinclair
Television
Group
Inc
3.96%,
01/03/2024
(n)
2,481‌
2,485‌
3
Month
USD
LIBOR
+
2.25%
4.27%,
07/17/2026
(n)
1,000‌
1,001‌
1
Month
USD
LIBOR
+
2.50%
Ziggo
BV
4.27%,
04/15/2025
(n)
2,150‌
2,146‌
US
LIBOR
+
2.50%
$
43,799‌
Mining
-
0.00%
Covia
Holdings
Corp
6.04%,
04/09/2025
(n)
218‌
152‌
3
Month
USD
LIBOR
+
3.75%
Miscellaneous
Manufacturers
-
0.06%
Gates
Global
LLC
4.45%,
03/31/2024
(n)
2,248‌
2,240‌
3
Month
USD
LIBOR
+
2.75%
Oil
&
Gas
-
0.31%
California
Resources
Corp
6.46%,
11/14/2022
(n)
4,000‌
3,356‌
US
LIBOR
+
4.75%
12.08%,
12/31/2021
(n)
1,397‌
807‌
US
LIBOR
+
10.37%
Delek
US
Holdings
Inc
4.04%,
03/14/2025
(n)
1,492‌
1,472‌
3
Month
USD
LIBOR
+
2.25%
Fieldwood
Energy
LLC
7.18%,
04/11/2022
(n)
5,029‌
4,052‌
3
Month
USD
LIBOR
+
5.25%
9.18%,
04/11/2023
(n)
2,651‌
1,390‌
3
Month
USD
LIBOR
+
7.25%
Gulf
Finance
LLC
7.16%,
08/17/2023
(n)
1,500‌
1,129‌
3
Month
USD
LIBOR
+
5.25%
$
12,206‌
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Packaging
&
Containers
-
0.29%
Berry
Global
Inc
3.76%,
01/19/2024
(n)
$
1,448‌
$
1,452‌
1
Month
USD
LIBOR
+
2.00%
4.26%,
05/15/2026
(n)
3,192‌
3,205‌
1
Month
USD
LIBOR
+
2.50%
Reynolds
Group
Holdings
Inc
4.45%,
02/05/2023
(n)
5,834‌
5,841‌
3
Month
USD
LIBOR
+
2.75%
Sabert
Corp
0.00%,
11/26/2026
(n),(o)
1,000‌
996‌
$
11,494‌
Pharmaceuticals
-
0.50%
Bausch
Health
Americas
Inc
4.52%,
11/14/2025
(n)
3,957‌
3,971‌
3
Month
USD
LIBOR
+
2.75%
4.77%,
05/19/2025
(n)
5,196‌
5,217‌
3
Month
USD
LIBOR
+
3.00%
Change
Healthcare
Holdings
LLC
4.23%,
03/01/2024
(n)
6,551‌
6,546‌
1
Month
USD
LIBOR
+
2.50%
Grifols
Worldwide
Operations
USA
Inc
4.13%,
11/08/2027
(n)
3,733‌
3,753‌
1
Month
USD
LIBOR
+
2.00%
Mallinckrodt
International
Finance
SA
4.85%,
09/24/2024
(n)
214‌
167‌
3
Month
USD
LIBOR
+
2.75%
4.91%,
02/24/2025
(n)
298‌
231‌
3
Month
USD
LIBOR
+
3.00%
Vizient
Inc
4.45%,
05/17/2026
(n)
221‌
222‌
3
Month
USD
LIBOR
+
2.50%
$
20,107‌
Pipelines
-
0.16%
BCP
Renaissance
Parent
LLC
5.36%,
10/31/2024
(n)
1,436‌
1,245‌
3
Month
USD
LIBOR
+
3.50%
Blackstone
CQP
Holdco
LP
5.66%,
09/30/2024
(n)
1,546‌
1,544‌
3
Month
USD
LIBOR
+
3.50%
Buckeye
Partners
LP
4.53%,
11/15/2026
(n)
2,350‌
2,368‌
1
Month
USD
LIBOR
+
2.75%
Traverse
Midstream
Partners
LLC
5.71%,
09/21/2024
(n)
1,469‌
1,266‌
3
Month
USD
LIBOR
+
4.00%
$
6,423‌
Real
Estate
-
0.12%
Brookfield
Retail
Holdings
VII
Sub
3
LLC
3.95%,
08/28/2023
(n)
4,016‌
3,968‌
3
Month
USD
LIBOR
+
2.25%
Realogy
Group
LLC
3.96%,
02/08/2025
(n)
968‌
933‌
3
Month
USD
LIBOR
+
2.25%
$
4,901‌
REITs
-
0.21%
Blackstone
Mortgage
Trust
Inc
3.98%,
04/23/2026
(n)
1,496‌
1,498‌
1
Month
USD
LIBOR
+
2.25%
MGM
Growth
Properties
Operating
Partnership
LP
0.00%,
03/21/2025
(n),(o)
1,646‌
1,649‌
3
Month
USD
LIBOR
+
2.00%
Uniti
Group
LP
6.70%,
10/24/2022
(n)
5,409‌
5,215‌
1
Month
USD
LIBOR
+
5.00%
$
8,362‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
46
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Retail
-
0.69%
1011778
BC
ULC
3.45%,
11/14/2026
(n)
$
8,321‌
$
8,317‌
1
Month
USD
LIBOR
+
1.75%
Academy
Ltd
5.78%,
07/01/2022
(n)
1,830‌
1,358‌
3
Month
USD
LIBOR
+
4.00%
Belk
Inc
8.80%,
07/31/2025
(n)
2,954‌
2,204‌
1
Month
USD
LIBOR
+
6.75%
BJ's
Wholesale
Club
Inc
4.51%,
02/03/2024
(n)
1,087‌
1,089‌
1
Month
USD
LIBOR
+
2.75%
Carrols
Restaurant
Group
Inc
4.96%,
04/03/2026
(n)
1,995‌
1,940‌
3
Month
USD
LIBOR
+
3.25%
EG
America
LLC
6.10%,
02/07/2025
(n)
1,231‌
1,197‌
3
Month
USD
LIBOR
+
4.00%
IRB
Holding
Corp
5.21%,
01/17/2025
(n)
246‌
246‌
3
Month
USD
LIBOR
+
3.25%
Petco
Animal
Supplies
Inc
5.18%,
01/26/2023
(n)
1,224‌
965‌
3
Month
USD
LIBOR
+
3.25%
PetSmart
Inc
5.77%,
03/11/2022
(n)
6,819‌
6,636‌
3
Month
USD
LIBOR
+
4.00%
Serta
Simmons
Bedding
LLC
5.26%,
10/20/2023
(n)
2,129‌
1,241‌
3
Month
USD
LIBOR
+
3.50%
9.72%,
11/08/2024
(n)
470‌
134‌
3
Month
USD
LIBOR
+
8.00%
SRS
Distribution
Inc
4.95%,
05/19/2025
(n)
1,155‌
1,134‌
3
Month
USD
LIBOR
+
3.25%
Whatabrands
LLC
5.03%,
07/31/2026
(n)
1,150‌
1,153‌
3
Month
USD
LIBOR
+
3.25%
$
27,614‌
Semiconductors
-
0.05%
Bright
Bidco
BV
5.47%,
06/30/2024
(n)
933‌
441‌
3
Month
USD
LIBOR
+
3.50%
Microchip
Technology
Inc
3.71%,
05/29/2025
(n)
575‌
574‌
3
Month
USD
LIBOR
+
2.00%
MKS
Instruments
Inc
3.45%,
02/26/2026
(n)
707‌
707‌
1
Month
USD
LIBOR
+
1.75%
ON
Semiconductor
Corp
3.70%,
09/16/2026
(n)
263‌
264‌
1
Month
USD
LIBOR
+
2.00%
$
1,986‌
Software
-
1.93%
Blackboard
Inc
7.91%,
06/30/2024
(n)
3,000‌
2,828‌
1
Month
USD
LIBOR
+
6.00%
Boxer
Parent
Co
Inc
5.95%,
10/02/2025
(n)
4,130‌
3,970‌
3
Month
USD
LIBOR
+
4.25%
Camelot
Finance
SA
4.95%,
10/28/2026
(n)
1,211‌
1,214‌
1
Month
USD
LIBOR
+
3.25%
Cengage
Learning
Inc
5.95%,
06/07/2023
(n)
5,281‌
4,822‌
3
Month
USD
LIBOR
+
4.25%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
(continued)
Ceridian
HCM
Holding
Inc
4.70%,
04/04/2025
(n)
$
1,533‌
$
1,535‌
3
Month
USD
LIBOR
+
3.00%
Compuware
Corp
5.70%,
08/08/2025
(n)
994‌
998‌
1
Month
USD
LIBOR
+
4.00%
DiscoverOrg
LLC
6.20%,
02/02/2026
(n)
1,496‌
1,487‌
3
Month
USD
LIBOR
+
4.50%
DTI
Holdco
Inc
6.68%,
10/02/2023
(n)
799‌
736‌
3
Month
USD
LIBOR
+
4.75%
Dun
&
Bradstreet
Corp/The
6.70%,
02/06/2026
(n)
1,000‌
1,005‌
3
Month
USD
LIBOR
+
5.00%
Dynatrace
LLC
4.45%,
08/08/2025
(n)
641‌
643‌
1
Month
USD
LIBOR
+
2.75%
Epicor
Software
Corp
4.96%,
05/12/2022
(n)
4,508‌
4,508‌
3
Month
USD
LIBOR
+
3.25%
Evergreen
Skills
Lux
Sarl
6.95%,
04/23/2021
(n)
5,028‌
3,849‌
3
Month
USD
LIBOR
+
4.75%
10.45%,
04/28/2022
(n)
804‌
230‌
3
Month
USD
LIBOR
+
8.25%
Finastra
USA
Inc
5.71%,
06/13/2024
(n)
4,348‌
4,248‌
3
Month
USD
LIBOR
+
3.50%
9.45%,
04/28/2025
(n)
200‌
193‌
3
Month
USD
LIBOR
+
7.25%
Greeneden
US
Holdings
II
LLC
5.01%,
12/01/2023
(n)
3,578‌
3,561‌
3
Month
USD
LIBOR
+
3.25%
Greenway
Health
LLC
5.85%,
02/16/2024
(n)
449‌
393‌
3
Month
USD
LIBOR
+
4.25%
Infor
US
Inc
4.85%,
02/01/2022
(n)
5,153‌
5,158‌
3
Month
USD
LIBOR
+
2.75%
Informatica
LLC
4.95%,
08/05/2022
(n)
3,473‌
3,475‌
3
Month
USD
LIBOR
+
3.25%
Kronos
Inc/MA
4.91%,
11/01/2023
(n)
1,506‌
1,505‌
3
Month
USD
LIBOR
+
3.00%
MA
FinanceCo
LLC
4.20%,
06/21/2024
(n)
598‌
594‌
3
Month
USD
LIBOR
+
2.50%
Project
Boost
Purchaser
LLC
5.20%,
05/22/2026
(n)
1,750‌
1,733‌
3
Month
USD
LIBOR
+
3.50%
Rackspace
Hosting
Inc
4.90%,
11/03/2023
(n)
5,753‌
5,388‌
3
Month
USD
LIBOR
+
3.00%
RP
Crown
Parent
LLC
4.45%,
10/12/2023
(n)
1,928‌
1,927‌
3
Month
USD
LIBOR
+
2.75%
Seattle
SpinCo
Inc
4.20%,
06/21/2024
(n)
4,039‌
4,013‌
3
Month
USD
LIBOR
+
2.50%
Sophia
LP
5.35%,
09/30/2022
(n)
3,212‌
3,213‌
3
Month
USD
LIBOR
+
3.25%
SS&C
European
Holdings
Sarl
3.95%,
04/16/2025
(n)
1,194‌
1,200‌
3
Month
USD
LIBOR
+
2.25%
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
47
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
(continued)
SS&C
Technologies
Inc
3.95%,
04/16/2025
(n)
$
1,835‌
$
1,843‌
3
Month
USD
LIBOR
+
2.25%
3.95%,
04/16/2025
(n)
2,475‌
2,486‌
3
Month
USD
LIBOR
+
2.25%
TIBCO
Software
Inc
5.79%,
06/12/2026
(n)
4,183‌
4,194‌
1
Month
USD
LIBOR
+
4.00%
Ultimate
Software
Group
Inc/The
5.45%,
05/03/2026
(n)
2,250‌
2,260‌
3
Month
USD
LIBOR
+
3.75%
Zelis
Payments
Buyer
Inc
6.54%,
09/25/2026
(n)
2,250‌
2,247‌
1
Month
USD
LIBOR
+
4.75%
$
77,456‌
Telecommunications
-
1.17%
Altice
France
SA/France
5.77%,
08/14/2026
(n)
3,960‌
3,927‌
3
Month
USD
LIBOR
+
4.00%
Avaya
Inc
6.02%,
12/16/2024
(n)
4,342‌
4,134‌
3
Month
USD
LIBOR
+
4.25%
CenturyLink
Inc
4.45%,
11/01/2022
(n)
1,369‌
1,372‌
3
Month
USD
LIBOR
+
2.75%
4.45%,
01/31/2025
(n)
5,809‌
5,805‌
3
Month
USD
LIBOR
+
2.75%
CommScope
Inc
4.95%,
02/06/2026
(n)
1,192‌
1,183‌
3
Month
USD
LIBOR
+
3.25%
Connect
Finco
SARL
0.00%,
09/23/2026
(n),(o)
1,875‌
1,865‌
1
Month
USD
LIBOR
+
4.50%
Consolidated
Communications
Inc
4.71%,
10/05/2023
(n)
339‌
313‌
3
Month
USD
LIBOR
+
3.00%
Frontier
Communications
Corp
5.54%,
06/15/2024
(n)
3,286‌
3,272‌
3
Month
USD
LIBOR
+
3.75%
Intelsat
Jackson
Holdings
SA
5.68%,
11/27/2023
(n)
6,176‌
6,076‌
1
Month
USD
LIBOR
+
3.75%
6.63%,
01/15/2024
(n)
2,425‌
2,418‌
Iridium
Satellite
LLC
5.45%,
10/16/2026
(n)
2,300‌
2,322‌
1
Month
USD
LIBOR
+
3.75%
Level
3
Financing
Inc,
Term
Loan
B
4.04%,
02/17/2024
(n)
1,012‌
1,011‌
3
Month
USD
LIBOR
+
2.25%
Maxar
Technologies
Ltd
4.85%,
10/05/2024
(n)
1,894‌
1,677‌
3
Month
USD
LIBOR
+
2.75%
MLN
US
Holdco
LLC
0.00%,
11/30/2025
(n),(o)
750‌
657‌
US
LIBOR
+
4.50%
Plantronics
Inc
4.20%,
06/02/2025
(n)
1,544‌
1,459‌
3
Month
USD
LIBOR
+
2.50%
Sprint
Communications
Inc
4.25%,
02/02/2024
(n)
4,326‌
4,277‌
3
Month
USD
LIBOR
+
2.50%
4.75%,
02/02/2024
(n)
2,481‌
2,468‌
3
Month
USD
LIBOR
+
3.00%
West
Corp
5.43%,
10/10/2024
(n)
338‌
268‌
3
Month
USD
LIBOR
+
3.50%
5.93%,
10/10/2024
(n)
1,055‌
851‌
3
Month
USD
LIBOR
+
4.00%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
Windstream
Services
LLC
0.00%,
03/29/2021
(n),(o)
$
400‌
$
379‌
3
Month
USD
LIBOR
+
4.00%
4.21%,
03/08/2021
(n)
1,000‌
999‌
3
Month
USD
LIBOR
+
2.50%
$
46,733‌
Transportation
-
0.16%
CEVA
Logistics
Finance
BV
7.10%,
08/04/2025
(n)
739‌
617‌
3
Month
USD
LIBOR
+
5.00%
Commercial
Barge
Line
Co
10.68%,
11/12/2020
(n)
519‌
260‌
3
Month
USD
LIBOR
+
8.75%
Genesee
&
Wyoming
0.00%,
11/06/2026
(n),(o)
2,000‌
2,013‌
HGIM
Corp
8.03%,
07/02/2023
(n)
1,282‌
997‌
3
Month
USD
LIBOR
+
6.00%
Savage
Enterprises
LLC
5.77%,
08/01/2025
(n)
1,432‌
1,445‌
3
Month
USD
LIBOR
+
4.00%
XPO
Logistics
Inc
3.70%,
02/24/2025
(n)
1,144‌
1,147‌
3
Month
USD
LIBOR
+
2.00%
$
6,479‌
TOTAL
SENIOR
FLOATING
RATE
INTERESTS
$
552,323‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
18.90%
Principal
Amount
(000's)
Value
(000's)
U.S.
Treasury
-
3.23%
1.13%,
03/31/2020
(k)
$
15,000‌
$
14,973‌
1.13%,
04/30/2020
2,000‌
1,996‌
1.38%,
05/31/2020
(k)
19,200‌
19,172‌
1.68%,
01/31/2021
(k),(p)
13,500‌
13,494‌
US
Treasury
3
Month
Bill
Money
Market
Yield
+
0.23%
1.71%,
04/30/2021
(k),(q)
15,000‌
14,989‌
US
Treasury
3
Month
Bill
Money
Market
Yield
+
0.28%
1.79%,
07/31/2021
(k),(p)
24,600‌
24,608‌
US
Treasury
3
Month
Bill
Money
Market
Yield
+
0.22%
1.85%,
10/31/2021
(k)
9,000‌
9,009‌
US
Treasury
3
Month
Bill
Money
Market
Yield
+
0.30%
2.25%,
03/31/2020
(k)
6,000‌
6,011‌
2.50%,
05/31/2020
(k)
10,000‌
10,040‌
2.50%,
06/30/2020
(k)
15,000‌
15,072‌
$
129,364‌
U.S.
Treasury
Bill
-
2.75%
1.64%,
12/10/2019
(k),(l)
19,000‌
18,994‌
1.64%,
04/09/2020
(l)
42,500‌
42,261‌
1.83%,
02/13/2020
(l)
15,000‌
14,953‌
1.87%,
03/12/2020
(l)
16,000‌
15,930‌
2.02%,
01/09/2020
(k),(l)
17,800‌
17,770‌
$
109,908‌
U.S.
Treasury
Inflation-Indexed
Obligations
-
12.92%
0.13%,
01/15/2022
22,425‌
22,291‌
0.13%,
04/15/2022
15,327‌
15,214‌
0.13%,
07/15/2022
25,204‌
25,161‌
0.13%,
01/15/2023
15,016‌
14,925‌
0.13%,
07/15/2024
18,941‌
18,931‌
0.13%,
07/15/2026
24,939‌
24,901‌
0.25%,
01/15/2025
24,697‌
24,759‌
0.25%,
07/15/2029
16,181‌
16,305‌
0.38%,
07/15/2023
20,396‌
20,561‌
0.38%,
07/15/2025
25,350‌
25,681‌
0.38%,
01/15/2027
17,899‌
18,108‌
0.38%,
07/15/2027
18,080‌
18,375‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
48
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
Inflation-Indexed
Obligations
(continued)
0.50%,
01/15/2028
$
22,110‌
$
22,628‌
0.63%,
07/15/2021
5,112‌
5,146‌
0.63%,
04/15/2023
18,536‌
18,716‌
0.63%,
01/15/2024
17,387‌
17,661‌
0.63%,
01/15/2026
27,703‌
28,412‌
0.63%,
02/15/2043
10,956‌
11,282‌
0.75%,
07/15/2028
17,740‌
18,616‌
0.75%,
02/15/2042
8,751‌
9,246‌
0.75%,
02/15/2045
11,129‌
11,761‌
0.88%,
01/15/2029
(q)
35,184‌
37,314‌
0.88%,
02/15/2047
7,866‌
8,584‌
1.00%,
02/15/2046
7,478‌
8,378‌
1.00%,
02/15/2048
7,955‌
8,967‌
1.00%,
02/15/2049
9,153‌
10,378‌
1.38%,
02/15/2044
5,976‌
7,176‌
1.75%,
01/15/2028
3,137‌
3,518‌
2.00%,
01/15/2026
7,821‌
8,661‌
2.13%,
02/15/2040
2,966‌
3,927‌
2.13%,
02/15/2041
4,996‌
6,677‌
2.38%,
01/15/2025
2,333‌
2,588‌
2.38%,
01/15/2027
7,335‌
8,451‌
2.50%,
01/15/2029
4,211‌
5,073‌
3.38%,
04/15/2032
3,249‌
4,464‌
3.63%,
04/15/2028
3,583‌
4,583‌
$
517,419‌
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
756,691‌
TOTAL
PURCHASED
OPTIONS
-
0.01%
$
381‌
TOTAL
PURCHASED
INTEREST
RATE
SWAPTIONS
-
0.05%
$
2,024‌
TOTAL
PURCHASED
CAPPED
OPTIONS
-
0.00%
16‌
Total
Investments
$
4,031,257‌
Other
Assets
and
Liabilities
-  (0.70)%
(28,004‌)
TOTAL
NET
ASSETS
-
100.00%
$
4,003,253‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940)
or
an
affiliate
as
defined
by
the
Investment
Company
Act
of
1940
(controls
5.0%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
affiliated
sub-schedule
for
transactional
information.
(b)
Current
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
(d)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$195,077
or
4.87%
of
net
assets.
(e)
Restricted
Security.
Please
see
Restricted
Security
Sub-Schedule
for
more
information.
(f)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs.
(g)
Fair
value
of
these
investments
is
determined
in
good
faith
by
the
Manager
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
Certain
inputs
used
in
the
valuation
may
be
unobservable;
however,
each
security
is
evaluated
individually
for
purposes
of
ASC
820
which
results
in
not
all
securities
being
identified
as
Level
3
of
the
fair
value
hierarchy.
At
the
end
of
the
period,
the
fair
value
of
these
securities
totaled
$443
or
0.01%
of
net
assets.
(h)
Security
is
an
Interest
Only
Strip.
(i)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions.  These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(j)
Security
purchased
on
a
when-issued
basis.
(k)
All
or
a
portion
of
this
security
is
owned
by
the
DRA
Cayman
Corporation,
which
is
a
100%
owned
subsidiary
of
the
fund.
(l)
Rate
shown
is
the
discount
rate
of
the
original
purchase.
(m)
Payment
in
kind;
the
issuer
has
the
option
of
paying
additional
securities
in
lieu
of
cash.
(n)
Rate
information
disclosed
is
based
on
an
average
weighted
rate
of
the
underlying
tranches
as
of
period
end.
(o)
This
Senior
Floating
Rate
Note
will
settle
after
November
30,
2019,
at
which
time
the
interest
rate
will
be
determined.
(p)
Security
or
a
portion
of
the
security
was
pledged
to
cover
margin
requirements
for
futures
contracts.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$25,599
or
0.64%
of
net
assets.
(q)
Security
or
a
portion
of
the
security
was
pledged
to
cover
margin
requirements
for
swap
and/or
swaption
contracts.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$5,689
or
0.14%
of
net
assets.
Portfolio
Summary  (unaudited)
Sector
Percent
Government
25.68‌%
Utilities
13.33‌%
Energy
11.83‌%
Financial
11.43‌%
Basic
Materials
8.62‌%
Industrial
6.78‌%
Consumer,
Non-cyclical
6.51‌%
Mortgage
Securities
3.99‌%
Consumer,
Cyclical
3.40‌%
Money
Market
Funds
3.05‌%
Communications
2.96‌%
Technology
2.78‌%
Investment
Companies
0.22‌%
Diversified
0.06‌%
Purchased
Interest
Rate
Swaptions
0.05‌%
Purchased
Options
0.01‌%
Purchased
Capped
Options
0.00‌%
Other
Assets
and
Liabilities
(0.70‌)%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
August
31,
2019
Purchases
Sales
November
30,
2019
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
1.52%
$
115,751‌
$
785,118‌
$
778,784‌
$
122,085‌
$
115,751‌
$
785,118‌
$
778,784‌
$
122,085‌
Income
Realized
Gain/Loss
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/Loss
Principal
Government
Money
Market
Fund
1.52%
$
589‌
$
—‌
$
—‌
$
—‌
$
589‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
Restricted
Securities
Security
Name
Acquisition
Date
Cost
Value
Percent
of
Net
Assets
Fieldwood
Energy
LLC
04/05/2018
$
273‌
$
253‌
0.01%
Gymboree
Corp/The
08/18/2017
223‌
9‌
0.00%
Millennium
Health
LLC
12/21/2015
206‌
—‌
0.00%
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
49
Restricted
Securities
(continued)
Security
Name
Acquisition
Date
Cost
Value
Percent
of
Net
Assets
Millennium
Health
LLC
03/15/2016
$
—‌
$
23‌
0.00%
Millennium
Health
LLC
03/15/2016
—‌
19‌
0.00%
Total
$
304‌
0.01%
Amounts
in
thousands.
Purchased
Capped
Options
Description
Counterparty
Range
Pay/
Receive
Floating
Rate
Notional
Amount
Exercise
Rate
Expiration
Date
Upfront
Payments/
(Premiums)
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
5Y-30Y
CMS
Index
Cap
JPMorgan
Chase
Max
(0,
5Y
CMS-0.30%)
Pay
$
5,395‌
0.30%
01/08/2020
$
3‌
$
1‌
$
(2‌)
Call
-
5Y-30Y
CMS
Index
Floor
Deutsche
Bank
AG
Max
(0,
5Y
CMS-0.35%)
Receive
8,300‌
0.35%
07/09/2020
6‌
4‌
(2‌)
Call
-
5Y-30Y
CMS
Index
Floor
JPMorgan
Chase
Max
(0,
5Y
CMS-0.40%)
Receive
8,190‌
0.40%
06/30/2020
7‌
9‌
2‌
Put
-
5Y-30Y
CMS
Index
Cap
Morgan
Stanley
&
Co
Max
(0,
5Y
CMS-0.37%)
Pay
7,850‌
0.37%
02/13/2020
6‌
2‌
(4‌)
Total
$
22‌
$
16‌
$
(6‌)
Written
Capped
Options
Description
Counterparty
Range
Pay/
Receive
Floating
Rate
Notional
Amount
Exercise
Rate
Expiration
Date
Upfront
Payments/
(Premiums)
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
5Y-30Y
CMS
Index
Cap
Morgan
Stanley
&
Co
Max
(0,
5Y
CMS-0.47%)
Receive
$
7,850‌
0.47%
02/13/2020
$
(2‌)
$
—‌
$
2‌
Put
-
5Y-30Y
CMS
Index
Cap
JPMorgan
Chase
Max
(0,
5Y
CMS-0.40%)
Receive
5,395‌
0.40%
01/08/2020
(1‌)
—‌
1‌
Put
-
5Y-30Y
CMS
Index
Floor
Deutsche
Bank
AG
Max
(0,
5Y
CMS-0.25%)
Pay
16,610‌
0.25%
07/09/2020
(8‌)
(2‌)
6‌
Put
-
5Y-30Y
CMS
Index
Floor
JPMorgan
Chase
Max
(0,
5Y
CMS-0.30%)
Pay
16,380‌
0.30%
06/30/2020
(9‌)
(8‌)
1‌
Total
$
(20‌)
$
(10‌)
$
10‌
Amounts
in
thousands.
Options
Purchased
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Payments/
(Premiums)
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
NZD
versus
USD
Barclays
Bank
PLC
1
NZD
12,290‌
NZD
0.65‌
01/20/2020
$
42‌
$
30‌
$
(12‌)
Put
-
EUR
versus
USD
JPMorgan
Chase
1
EUR
15,380‌
EUR
1.10‌
07/20/2020
163‌
165‌
2‌
Call
-
90
Day
Eurodollar
Future;
December
2021
N/A
186‌
$
465‌
$
99.75‌
12/14/2021
33‌
20‌
(13‌)
Call
-
90
Day
Eurodollar
Future;
March
2020
N/A
122‌
$
305‌
$
97.75‌
03/17/2020
21‌
162‌
141‌
Call
-
90
Day
Eurodollar
Future;
March
2022
N/A
60‌
$
150‌
$
99.00‌
01/13/2020
10‌
1‌
(9‌)
Put
-
Euro
Bund
10
Year
Bund
Future;
March
2020
N/A
6‌
EUR
6‌
EUR
171.00‌
12/23/2019
4‌
1‌
(3‌)
Put
-
US
10
Year
Note
Future;
March
2020
N/A
13‌
$
13‌
$
128.00‌
12/30/2019
9‌
2‌
(7‌)
Total
$
282‌
$
381‌
$
99‌
Written
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Payments/
(Premiums)
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
GBP
versus
USD
Deutsche
Bank
AG
1
GBP
3,790‌
GBP
1.35‌
05/04/2020
$
(49‌)
$
(40‌)
$
9‌
Call
-
USD
versus
NOK
TD
Bank
Financial
Group
1
$
1,970‌
$
9.25‌
12/19/2019
(8‌)
(11‌)
(3‌)
Call
-
90
Day
Eurodollar
Future;
December
2021
N/A
93‌
$
233‌
$
99.38‌
12/14/2021
(40‌)
(24‌)
16‌
Call
-
90
Day
Eurodollar
Future;
March
2020
N/A
122‌
$
305‌
$
97.88‌
03/17/2020
(16‌)
(124‌)
(108‌)
Call
-
90
Day
Eurodollar
Future;
March
2022
N/A
60‌
$
150‌
$
99.38‌
01/13/2020
(3‌)
—‌
3‌
Total
$
(116‌)
$
(199‌)
$
(83‌)
Amounts
in
thousands
except
contracts/shares.
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
50
Interest
Rate
Swaptions
Purchased
Swaptions
Outstanding
Counterparty
Floating
Rate
Index
Pay/
Receive
Floating
Rate
Notional
Amount
Exercise
Rate
Expiration
Date
Upfront
Payments/
(Premiums)
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
1
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Pay
$
4,560‌
2.10%
05/14/2020
$
30‌
$
24‌
$
(6‌)
Call
-
1
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Pay
9,290‌
1.77%
11/06/2024
51‌
56‌
5‌
Call
-
1
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Pay
23,301‌
2.10%
05/14/2020
56‌
121‌
65‌
Call
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
1,330‌
2.95%
03/13/2024
60‌
144‌
84‌
Call
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
1,956‌
2.98%
03/08/2024
90‌
215‌
125‌
Call
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
560‌
3.08%
01/30/2029
32‌
64‌
32‌
Call
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
1,760‌
1.46%
08/17/2021
63‌
36‌
(27‌)
Call
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
2,420‌
1.72%
05/20/2020
42‌
42‌
—‌
Call
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
560‌
3.05%
01/11/2029
32‌
63‌
31‌
Call
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
1,490‌
3.09%
12/07/2038
69‌
168‌
99‌
Call
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Pay
130‌
2.86%
02/23/2039
6‌
13‌
7‌
Call
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Receive
410‌
2.99%
04/28/2038
19‌
44‌
25‌
Call
-
10
Year
Interest
Rate
Swap
Morgan
Stanley
&
Co
3
Month
USD
LIBOR
Pay
560‌
3.04%
01/12/2029
32‌
62‌
30‌
Call
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
16,130‌
1.20%
09/24/2020
51‌
36‌
(15‌)
Call
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
16,470‌
1.50%
06/02/2020
50‌
49‌
(1‌)
Call
-
2
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Pay
17,140‌
1.25%
08/11/2020
82‌
35‌
(47‌)
Call
-
20
Year
Interest
Rate
Swap
JPMorgan
Chase
6
Month
JPY
LIBOR
Receive
JPY
39,560‌
0.78%
04/19/2021
12‌
34‌
22‌
Call
-
30
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
$
1,633‌
1.60%
06/12/2020
70‌
32‌
(38‌)
Call
-
5
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
4,510‌
2.52%
02/27/2020
49‌
205‌
156‌
Put
-
1
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Receive
9,290‌
1.77%
11/06/2024
51‌
48‌
(3‌)
Put
-
1
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Receive
23,301‌
2.10%
05/14/2020
56‌
1‌
(55‌)
Put
-
1
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Receive
4,560‌
2.10%
05/14/2020
2‌
—‌
(2‌)
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
1,760‌
1.46%
08/17/2021
63‌
84‌
21‌
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
4,920‌
2.35%
07/14/2020
18‌
14‌
(4‌)
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
1,390‌
2.25%
08/09/2022
33‌
31‌
(2‌)
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
1,330‌
2.95%
03/13/2024
60‌
21‌
(39‌)
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
2,420‌
1.72%
05/20/2020
42‌
38‌
(4‌)
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
1,956‌
2.98%
03/08/2024
90‌
30‌
(60‌)
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
560‌
3.08%
01/30/2029
32‌
16‌
(16‌)
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
560‌
3.05%
01/11/2029
31‌
16‌
(15‌)
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
1,490‌
3.09%
12/07/2038
69‌
53‌
(16‌)
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
JPY
LIBOR
Pay
JPY
758,545‌
1.10%
06/30/2022
103‌
4‌
(99‌)
Put
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Receive
$
2,010‌
2.25%
08/03/2022
54‌
45‌
(9‌)
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
51
Interest
Rate
Swaptions
(continued)
Purchased
Swaptions
Outstanding
Counterparty
Floating
Rate
Index
Pay/
Receive
Floating
Rate
Notional
Amount
Exercise
Rate
Expiration
Date
Upfront
Payments/
(Premiums)
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Put
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Receive
$
130‌
2.86%
02/23/2039
$
6‌
$
5‌
$
(1‌)
Put
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Receive
410‌
2.99%
04/28/2038
20‌
16‌
(4‌)
Put
-
10
Year
Interest
Rate
Swap
Morgan
Stanley
&
Co
3
Month
USD
LIBOR
Receive
1,330‌
2.50%
06/21/2024
53‌
36‌
(17‌)
Put
-
10
Year
Interest
Rate
Swap
Morgan
Stanley
&
Co
3
Month
USD
LIBOR
Receive
560‌
3.04%
01/12/2029
32‌
17‌
(15‌)
Put
-
10
Year
Interest
Rate
Swap
Morgan
Stanley
&
Co
3
Month
USD
LIBOR
Receive
1,960‌
2.50%
06/14/2024
88‌
53‌
(35‌)
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Receive
EUR
2,045‌
0.45%
12/13/2019
3‌
5‌
2‌
Put
-
20
Year
Interest
Rate
Swap
JPMorgan
Chase
6
Month
JPY
LIBOR
Receive
JPY
39,560‌
0.78%
04/19/2021
12‌
1‌
(11‌)
Put
-
30
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
$
2,210‌
2.85%
05/10/2022
128‌
44‌
(84‌)
Put
-
30
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
1,390‌
3.80%
06/08/2021
54‌
3‌
(51‌)
Put
-
5
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
4,510‌
2.52%
02/27/2020
49‌
—‌
(49‌)
Total
$
2,045‌
$
2,024‌
$
(21‌)
Written
Swaptions
Outstanding
Counterparty
Floating
Rate
Index
Pay/
Receive
Floating
Rate
Notional
Amount
Exercise
Rate
Expiration
Date
Upfront
Payments/
(Premiums)
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
1
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
$
19,950‌
1.76%
06/11/2020
$
(57‌)
$
(51‌)
$
6‌
Call
-
1
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
13,700‌
1.59%
05/01/2020
(22‌)
(17‌)
5‌
Call
-
1
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Receive
2,010‌
1.33%
08/06/2020
(6‌)
(2‌)
4‌
Call
-
1
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Receive
9,290‌
1.58%
11/06/2020
(22‌)
(25‌)
(3‌)
Call
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
2,464‌
2.79%
03/09/2021
(73‌)
(245‌)
(172‌)
Call
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
2,000‌
1.76%
09/17/2020
(51‌)
(48‌)
3‌
Call
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
1,590‌
3.05%
03/13/2029
(84‌)
(177‌)
(93‌)
Call
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
2,170‌
1.25%
08/20/2020
(37‌)
(15‌)
22‌
Call
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
1,760‌
1.42%
08/18/2020
(45‌)
(18‌)
27‌
Call
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
1,040‌
1.64%
11/03/2020
(25‌)
(21‌)
4‌
Call
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
1,750‌
1.61%
08/14/2020
(43‌)
(28‌)
15‌
Call
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
2,610‌
2.20%
06/12/2020
(57‌)
(129‌)
(72‌)
Call
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
2,420‌
1.74%
11/20/2020
(58‌)
(60‌)
(2‌)
Call
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
1,050‌
1.62%
11/03/2020
(25‌)
(20‌)
5‌
Call
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
1,010‌
1.62%
09/15/2020
(26‌)
(18‌)
8‌
Call
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Receive
2,180‌
1.20%
08/18/2020
(41‌)
(14‌)
27‌
Call
-
10
Year
Interest
Rate
Swap
Morgan
Stanley
&
Co
3
Month
USD
LIBOR
Receive
1,300‌
2.01%
07/07/2020
(28‌)
(46‌)
(18‌)
Call
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
12,970‌
2.46%
02/27/2020
(58‌)
(226‌)
(168‌)
Call
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
32,950‌
1.00%
06/02/2020
(45‌)
(21‌)
24‌
Call
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
32,250‌
0.70%
09/24/2020
(36‌)
(24‌)
12‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
52
Interest
Rate
Swaptions
(continued)
Written
Swaptions
Outstanding
Counterparty
Floating
Rate
Index
Pay/
Receive
Floating
Rate
Notional
Amount
Exercise
Rate
Expiration
Date
Upfront
Payments/
(Premiums)
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
2
Year
Interest
Rate
Swap
Deutsche
Bank
AG
3
Month
USD
LIBOR
Pay
$
47,380‌
2.40%
02/25/2020
$
(145‌)
$
(775‌)
$
(630‌)
Call
-
2
Year
Interest
Rate
Swap
Deutsche
Bank
AG
3
Month
USD
LIBOR
Receive
1,750‌
2.94%
04/20/2020
(12‌)
(48‌)
(36‌)
Call
-
2
Year
Interest
Rate
Swap
Deutsche
Bank
AG
3
Month
USD
LIBOR
Receive
7,470‌
2.88%
04/15/2020
(55‌)
(196‌)
(141‌)
Call
-
2
Year
Interest
Rate
Swap
Deutsche
Bank
AG
3
Month
USD
LIBOR
Receive
7,480‌
2.89%
04/15/2020
(54‌)
(197‌)
(143‌)
Call
-
2
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Receive
34,290‌
0.75%
08/11/2020
(66‌)
(21‌)
45‌
Call
-
30
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
410‌
1.91%
11/30/2026
(53‌)
(52‌)
1‌
Call
-
5
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Receive
EUR
1,023‌
0.14%
09/13/2022
(15‌)
(10‌)
5‌
Call
-
5
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Receive
1,020‌
0.04%
09/14/2022
(16‌)
(13‌)
3‌
Put
-
1
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
$
19,950‌
1.76%
06/11/2020
(57‌)
(12‌)
45‌
Put
-
1
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
27,720‌
2.15%
05/28/2021
(78‌)
(23‌)
55‌
Put
-
1
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
13,700‌
1.59%
05/01/2020
(21‌)
(16‌)
5‌
Put
-
1
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
20,360‌
2.35%
05/18/2021
(41‌)
(10‌)
31‌
Put
-
1
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Pay
25,890‌
2.33%
04/07/2020
(56‌)
—‌
56‌
Put
-
1
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Pay
2,010‌
1.33%
08/06/2020
(6‌)
(6‌)
—‌
Put
-
1
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Pay
9,290‌
1.58%
11/06/2020
(22‌)
(17‌)
5‌
Put
-
1
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Pay
25,890‌
2.31%
04/07/2020
(55‌)
—‌
55‌
Put
-
1
Year
Interest
Rate
Swap
Morgan
Stanley
&
Co
3
Month
USD
LIBOR
Pay
34,330‌
2.40%
06/02/2021
(62‌)
(16‌)
46‌
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
560‌
2.35%
07/13/2020
(6‌)
(2‌)
4‌
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
2,464‌
2.79%
03/09/2021
(73‌)
(9‌)
64‌
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
2,930‌
3.87%
06/08/2021
(57‌)
(2‌)
55‌
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
1,470‌
2.40%
12/11/2019
(11‌)
—‌
11‌
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
4,810‌
2.75%
05/10/2022
(139‌)
(47‌)
92‌
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
1,590‌
3.05%
03/13/2029
(84‌)
(47‌)
37‌
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
2,610‌
2.20%
06/12/2020
(57‌)
(9‌)
48‌
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
1,760‌
1.42%
08/18/2020
(46‌)
(66‌)
(20‌)
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
2,170‌
1.65%
08/20/2020
(37‌)
(51‌)
(14‌)
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
1,050‌
1.62%
11/03/2020
(26‌)
(30‌)
(4‌)
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
1,040‌
1.64%
11/03/2020
(25‌)
(29‌)
(4‌)
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
1,750‌
1.61%
08/14/2020
(43‌)
(45‌)
(2‌)
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
1,010‌
1.62%
09/15/2020
(25‌)
(27‌)
(2‌)
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
1,090‌
2.00%
08/04/2020
(16‌)
(10‌)
6‌
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
1,640‌
1.95%
07/14/2020
(18‌)
(16‌)
2‌
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
2,010‌
2.30%
07/27/2020
(25‌)
(7‌)
18‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
53
Interest
Rate
Swaptions
(continued)
Written
Swaptions
Outstanding
Counterparty
Floating
Rate
Index
Pay/
Receive
Floating
Rate
Notional
Amount
Exercise
Rate
Expiration
Date
Upfront
Payments/
(Premiums)
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
$
2,000‌
1.76%
09/17/2020
$
(50‌)
$
(39‌)
$
11‌
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
2,420‌
1.74%
11/20/2020
(59‌)
(56‌)
3‌
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
1,960‌
2.30%
06/16/2020
(28‌)
(5‌)
23‌
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
1,390‌
3.25%
08/09/2022
(8‌)
(7‌)
1‌
Put
-
10
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
1,390‌
2.75%
08/09/2022
(17‌)
(16‌)
1‌
Put
-
10
Year
Interest
Rate
Swap
Deutsche
Bank
AG
3
Month
USD
LIBOR
Pay
560‌
2.35%
07/13/2020
(6‌)
(2‌)
4‌
Put
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Pay
2,010‌
2.75%
08/03/2022
(28‌)
(23‌)
5‌
Put
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Pay
2,010‌
3.25%
08/03/2022
(14‌)
(11‌)
3‌
Put
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
3
Month
USD
LIBOR
Pay
2,180‌
1.60%
08/18/2020
(40‌)
(57‌)
(17‌)
Put
-
10
Year
Interest
Rate
Swap
Morgan
Stanley
&
Co
3
Month
USD
LIBOR
Pay
1,330‌
3.00%
06/21/2024
(33‌)
(22‌)
11‌
Put
-
10
Year
Interest
Rate
Swap
Morgan
Stanley
&
Co
3
Month
USD
LIBOR
Pay
1,330‌
3.50%
06/21/2024
(19‌)
(12‌)
7‌
Put
-
10
Year
Interest
Rate
Swap
Morgan
Stanley
&
Co
3
Month
USD
LIBOR
Pay
1,960‌
3.00%
06/14/2024
(54‌)
(32‌)
22‌
Put
-
10
Year
Interest
Rate
Swap
Morgan
Stanley
&
Co
3
Month
USD
LIBOR
Pay
1,960‌
3.50%
06/14/2024
(33‌)
(18‌)
15‌
Put
-
10
Year
Interest
Rate
Swap
Morgan
Stanley
&
Co
3
Month
USD
LIBOR
Pay
1,300‌
2.01%
07/07/2020
(28‌)
(10‌)
18‌
Put
-
10
Year
Interest
Rate
Swap
Morgan
Stanley
&
Co
3
Month
USD
LIBOR
Pay
1,730‌
2.25%
08/21/2024
(51‌)
(62‌)
(11‌)
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
EUR
2,570‌
0.00%
07/02/2021
(5‌)
(2‌)
3‌
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
2,190‌
0.00%
06/15/2021
(6‌)
(2‌)
4‌
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
2,130‌
0.00%
06/15/2021
(6‌)
(2‌)
4‌
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
2,570‌
0.00%
06/22/2021
(6‌)
(2‌)
4‌
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
8,490‌
0.25%
09/07/2021
(14‌)
(27‌)
(13‌)
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
4,870‌
0.05%
06/11/2021
(12‌)
(3‌)
9‌
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
3,330‌
0.15%
08/10/2021
(5‌)
(7‌)
(2‌)
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
4,950‌
0.11%
05/18/2021
(16‌)
(2‌)
14‌
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
7,830‌
0.16%
04/13/2021
(27‌)
(2‌)
25‌
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
2,400‌
0.00%
06/28/2021
(5‌)
(2‌)
3‌
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
7,830‌
0.10%
04/13/2021
(27‌)
(3‌)
24‌
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
2,500‌
0.05%
07/06/2021
(5‌)
(3‌)
2‌
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
5,880‌
0.15%
08/10/2021
(8‌)
(12‌)
(4‌)
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
10,110‌
0.10%
03/30/2021
(35‌)
(3‌)
32‌
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
2,200‌
0.00%
06/21/2021
(5‌)
(2‌)
3‌
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
2,630‌
0.00%
07/20/2021
(5‌)
(3‌)
2‌
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
$
8,350‌
3.50%
08/25/2020
(28‌)
—‌
28‌
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
11,740‌
2.00%
11/30/2020
(16‌)
(18‌)
(2‌)
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
54
Interest
Rate
Swaptions
(continued)
Written
Swaptions
Outstanding
Counterparty
Floating
Rate
Index
Pay/
Receive
Floating
Rate
Notional
Amount
Exercise
Rate
Expiration
Date
Upfront
Payments/
(Premiums)
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
EUR
5,720‌
0.20%
01/24/2020
$
(7‌)
$
—‌
$
7‌
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
$
3,460‌
2.80%
01/06/2020
(8‌)
—‌
8‌
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
12,970‌
2.46%
02/27/2020
(57‌)
—‌
57‌
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Receive
2,400‌
3.25%
12/30/2020
(9‌)
—‌
9‌
Put
-
2
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Receive
EUR
2,180‌
0.55%
12/22/2020
(8‌)
—‌
8‌
Put
-
2
Year
Interest
Rate
Swap
Deutsche
Bank
AG
3
Month
USD
LIBOR
Receive
$
7,480‌
2.89%
04/15/2020
(54‌)
—‌
54‌
Put
-
2
Year
Interest
Rate
Swap
Deutsche
Bank
AG
3
Month
USD
LIBOR
Receive
3,580‌
3.50%
06/16/2020
(13‌)
—‌
13‌
Put
-
2
Year
Interest
Rate
Swap
Deutsche
Bank
AG
3
Month
USD
LIBOR
Receive
60,310‌
3.40%
02/25/2020
(229‌)
—‌
229‌
Put
-
2
Year
Interest
Rate
Swap
Deutsche
Bank
AG
3
Month
USD
LIBOR
Receive
5,640‌
3.45%
06/09/2020
(24‌)
—‌
24‌
Put
-
2
Year
Interest
Rate
Swap
Deutsche
Bank
AG
3
Month
USD
LIBOR
Receive
7,470‌
2.88%
04/15/2020
(54‌)
—‌
54‌
Put
-
2
Year
Interest
Rate
Swap
Deutsche
Bank
AG
3
Month
USD
LIBOR
Receive
4,030‌
2.90%
06/01/2020
(30‌)
—‌
30‌
Put
-
2
Year
Interest
Rate
Swap
Deutsche
Bank
AG
3
Month
USD
LIBOR
Receive
5,660‌
3.35%
06/01/2020
(21‌)
—‌
21‌
Put
-
2
Year
Interest
Rate
Swap
Deutsche
Bank
AG
3
Month
USD
LIBOR
Receive
4,100‌
3.15%
05/06/2020
(23‌)
—‌
23‌
Put
-
2
Year
Interest
Rate
Swap
Deutsche
Bank
AG
3
Month
USD
LIBOR
Receive
1,750‌
2.94%
04/20/2020
(12‌)
—‌
12‌
Put
-
2
Year
Interest
Rate
Swap
JPMorgan
Chase
6
Month
Euro
Interbank
Offered
Rate
Receive
EUR
9,280‌
0.60%
12/15/2020
(35‌)
—‌
35‌
Put
-
2
Year
Interest
Rate
Swap
Morgan
Stanley
&
Co
6
Month
Euro
Interbank
Offered
Rate
Pay
3,140‌
0.08%
06/01/2021
(9‌)
(2‌)
7‌
Put
-
2
Year
Interest
Rate
Swap
Morgan
Stanley
&
Co
6
Month
Euro
Interbank
Offered
Rate
Pay
7,790‌
0.15%
04/20/2021
(28‌)
(2‌)
26‌
Put
-
30
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
$
410‌
1.91%
11/30/2026
(53‌)
(53‌)
—‌
Put
-
30
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3
Month
USD
LIBOR
Pay
1,650‌
2.85%
06/12/2020
(22‌)
(2‌)
20‌
Put
-
5
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
EUR
1,020‌
0.04%
09/14/2022
(16‌)
(18‌)
(2‌)
Put
-
5
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
3,140‌
0.00%
07/28/2020
(8‌)
(6‌)
2‌
Put
-
5
Year
Interest
Rate
Swap
Barclays
Bank
PLC
6
Month
Euro
Interbank
Offered
Rate
Pay
1,023‌
0.14%
09/13/2022
(16‌)
(22‌)
(6‌)
Total
$
(3,776‌)
$
(3,586‌)
$
190‌
Amounts
in
thousands.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
Brent
Crude;
December
2020
(a)
Short
265‌
$
15,087‌
$
(189‌)
Brent
Crude;
June
2020
(a)
Long
265‌
15,521‌
384‌
Brent
Crude;
March
2020
(a)
Long
222‌
13,287‌
(203‌)
Canada
10
Year
Bond;
March
2020
Long
126‌
13,287‌
6‌
Cocoa;
March
2020
(a)
Long
457‌
11,736‌
(482‌)
Coffee
'C';
March
2020
(a)
Long
527‌
23,527‌
787‌
Copper;
March
2020
(a)
Long
90‌
5,988‌
(38‌)
Corn;
March
2020
(a)
Short
152‌
2,898‌
(2‌)
Cotton
No.2;
March
2020
(a)
Short
305‌
9,967‌
33‌
Euro
Bund
10
Year
Bund;
December
2019
Short
36‌
6,785‌
(1‌)
Euro
Schatz;
December
2019
Long
234‌
28,871‌
(21‌)
Euro-BTP;
December
2019
Short
91‌
14,166‌
323‌
Euro-Oat;
December
2019
Short
8‌
1,477‌
24‌
Feeder
Cattle;
January
2020
(a)
Short
169‌
12,022‌
(14‌)
Gasoline
RBOB;
January
2020
(a)
Short
20‌
1,336‌
36‌
Gold
100
oz;
February
2020
(a)
Long
43‌
6,333‌
(29‌)
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
55
Futures
Contracts
(continued)
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
Japan
10
Year
Bond
TSE;
December
2019
Short
8‌
$
11,198‌
$
126‌
KC
HRW
Wheat;
March
2020
(a)
Short
492‌
10,996‌
(62‌)
Lean
Hogs;
February
2020
(a)
Short
699‌
19,062‌
1,257‌
Live
Cattle;
February
2020
(a)
Long
392‌
19,788‌
194‌
LME
Lead;
December
2019
(a)
Short
—‌
—‌
1,031‌
LME
Lead;
January
2020
(a)
Short
—‌
—‌
162‌
LME
Lead;
March
2020
(a)
Short
193‌
9,344‌
(85‌)
LME
Nickel;
December
2019
(a)
Short
—‌
—‌
568‌
LME
Nickel;
January
2020
(a)
Short
21‌
1,720‌
92‌
LME
PRI
Alum;
January
2020
(a)
Short
191‌
8,421‌
(221‌)
LME
Zinc;
December
2019
(a)
Short
—‌
—‌
(525‌)
LME
Zinc;
June
2020
(a)
Long
147‌
8,280‌
(733‌)
LME
Zinc;
March
2020
(a)
Long
315‌
17,857‌
(1,529‌)
Low
Sulphur
Gasoline;
January
2020
(a)
Short
258‌
14,751‌
9‌
Natural
Gas;
January
2020
(a)
Long
858‌
19,571‌
(4,019‌)
NY
Harb
ULSD;
January
2020
(a)
Short
89‌
7,022‌
137‌
Palladium;
March
2020
(a)
Long
23‌
4,163‌
256‌
Platinum;
January
2020
(a)
Long
293‌
13,191‌
(770‌)
Silver;
March
2020
(a)
Long
267‌
22,836‌
(310‌)
Soybean
Meal;
January
2020
(a)
Long
50‌
1,465‌
(50‌)
Soybean
Oil;
January
2020
(a)
Long
663‌
12,165‌
167‌
Soybean;
January
2020
(a)
Short
168‌
7,365‌
357‌
Sugar
#11;
March
2020
(a)
Short
554‌
8,029‌
(339‌)
UK
10
Year
Gilt;
March
2020
Short
36‌
6,181‌
34‌
US
10
Year
Note;
March
2020
Short
73‌
9,443‌
28‌
US
10
Year
Ultra
Note;
March
2020
Short
268‌
38,115‌
139‌
US
2
Year
Note;
March
2020
Long
381‌
82,138‌
(17‌)
US
5
Year
Note;
March
2020
Long
146‌
17,369‌
(23‌)
US
Ultra
Bond;
March
2020
Long
1‌
188‌
—‌
Wheat;
March
2020
(a)
Long
12‌
325‌
8‌
WTI
Crude;
January
2020
(a)
Long
675‌
37,240‌
(1,416‌)
Total
$
(4,920‌)
Amounts
in
thousands
except
contracts.
(a)
All
or
a
portion
of
this
security
is
owned
by
the
DRA
Cayman
Corporation,
which
is
a
100%
owned
subsidiary
of
the
fund.
Foreign
Currency
Contracts
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
Bank
of
America
NA
12/04/2019
$
18,267‌
JPY
1,985,709‌
$
118‌
$
—‌
Bank
of
America
NA
12/18/2019
CAD
640‌
$
487‌
—‌
(5‌)
Bank
of
America
NA
12/18/2019
$
481‌
CAD
640‌
—‌
(1‌)
Bank
of
America
NA
12/18/2019
JPY
51,137‌
$
481‌
—‌
(13‌)
Bank
of
America
NA
12/18/2019
$
487‌
JPY
51,914‌
12‌
—‌
Barclays
Bank
PLC
12/04/2019
JPY
1,903,355‌
$
17,381‌
16‌
—‌
Barclays
Bank
PLC
01/22/2020
AUD
33,210‌
$
22,676‌
—‌
(189‌)
Barclays
Bank
PLC
01/22/2020
$
19,133‌
AUD
28,129‌
86‌
—‌
Barclays
Bank
PLC
01/22/2020
GBP
4,837‌
$
6,140‌
128‌
—‌
Barclays
Bank
PLC
01/22/2020
$
3,147‌
GBP
2,520‌
—‌
(119‌)
Barclays
Bank
PLC
01/22/2020
$
1,579‌
GBP
1,219‌
—‌
—‌
Barclays
Bank
PLC
01/22/2020
$
1,573‌
CAD
2,081‌
5‌
—‌
Barclays
Bank
PLC
01/22/2020
CAD
4,183‌
$
3,151‌
—‌
—‌
Barclays
Bank
PLC
01/22/2020
$
11,764‌
EUR
10,595‌
47‌
—‌
Barclays
Bank
PLC
01/22/2020
EUR
8,384‌
$
9,261‌
11‌
—‌
Barclays
Bank
PLC
01/22/2020
EUR
10,657‌
$
11,869‌
—‌
(84‌)
Barclays
Bank
PLC
01/22/2020
HUF
1,397,496‌
$
4,713‌
—‌
(94‌)
Barclays
Bank
PLC
01/22/2020
$
1,577‌
INR
114,301‌
—‌
(9‌)
Barclays
Bank
PLC
01/22/2020
JPY
1,673,013‌
$
15,625‌
—‌
(272‌)
Barclays
Bank
PLC
01/22/2020
$
1,573‌
JPY
171,667‌
—‌
(2‌)
Barclays
Bank
PLC
01/22/2020
$
11,494‌
JPY
1,231,375‌
194‌
—‌
Barclays
Bank
PLC
01/22/2020
$
7,598‌
MXN
150,856‌
—‌
(56‌)
Barclays
Bank
PLC
01/22/2020
$
12,131‌
NZD
19,107‌
—‌
(141‌)
Barclays
Bank
PLC
01/22/2020
$
15,650‌
NOK
143,033‌
125‌
—‌
Barclays
Bank
PLC
01/22/2020
NOK
161,671‌
$
17,888‌
—‌
(340‌)
Barclays
Bank
PLC
01/22/2020
SGD
2,070‌
$
1,521‌
—‌
(6‌)
Barclays
Bank
PLC
01/22/2020
ZAR
527‌
$
35‌
1‌
—‌
Barclays
Bank
PLC
01/22/2020
$
1,573‌
SEK
15,010‌
—‌
—‌
Barclays
Bank
PLC
01/22/2020
$
15,562‌
CHF
15,296‌
189‌
—‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
56
Foreign
Currency
Contracts
(continued)
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
Barclays
Bank
PLC
02/05/2020
$
17,458‌
JPY
1,903,355‌
$
—‌
$
(22‌)
BNP
Paribas
12/04/2019
$
124‌
GBP
96‌
—‌
—‌
CIBC
World
Markets
12/04/2019
EUR
4,539‌
$
5,023‌
—‌
(21‌)
Citigroup
Inc
12/04/2019
$
143‌
JPY
15,421‌
2‌
—‌
Citigroup
Inc
12/18/2019
$
489‌
AUD
720‌
2‌
—‌
Citigroup
Inc
12/18/2019
CAD
650‌
$
489‌
1‌
—‌
Citigroup
Inc
12/18/2019
CAD
946‌
$
715‌
—‌
(2‌)
Citigroup
Inc
12/18/2019
EUR
520‌
$
578‌
—‌
(4‌)
Deutsche
Bank
AG
12/04/2019
$
15,109‌
EUR
13,660‌
57‌
—‌
Deutsche
Bank
AG
12/04/2019
EUR
1,530‌
$
1,688‌
—‌
(3‌)
Deutsche
Bank
AG
12/04/2019
$
6,710‌
NZD
10,567‌
—‌
(74‌)
Deutsche
Bank
AG
02/05/2020
GBP
457‌
$
592‌
—‌
—‌
Deutsche
Bank
AG
02/05/2020
$
744‌
EUR
672‌
1‌
—‌
Goldman
Sachs
&
Co
12/18/2019
CAD
978‌
$
735‌
2‌
—‌
HSBC
Securities
Inc
12/04/2019
$
108‌
EUR
96‌
2‌
—‌
JPMorgan
Chase
01/22/2020
$
21,812‌
AUD
31,867‌
234‌
—‌
JPMorgan
Chase
01/22/2020
AUD
52,629‌
$
36,021‌
—‌
(385‌)
JPMorgan
Chase
01/22/2020
$
12,545‌
AUD
18,669‌
—‌
(96‌)
JPMorgan
Chase
01/22/2020
AUD
8,160‌
$
5,484‌
41‌
—‌
JPMorgan
Chase
01/22/2020
GBP
12,360‌
$
15,782‌
232‌
—‌
JPMorgan
Chase
01/22/2020
$
3,115‌
GBP
2,417‌
—‌
(17‌)
JPMorgan
Chase
01/22/2020
$
6,287‌
GBP
4,846‌
8‌
—‌
JPMorgan
Chase
01/22/2020
CAD
17,441‌
$
13,238‌
—‌
(100‌)
JPMorgan
Chase
01/22/2020
$
60,729‌
CAD
80,131‌
368‌
—‌
JPMorgan
Chase
01/22/2020
CAD
29,740‌
$
22,363‌
39‌
—‌
JPMorgan
Chase
01/22/2020
CLP
3,788,372‌
$
5,087‌
—‌
(359‌)
JPMorgan
Chase
01/22/2020
$
3,071‌
CLP
2,208,775‌
314‌
—‌
JPMorgan
Chase
01/22/2020
EUR
61,843‌
$
69,106‌
—‌
(716‌)
JPMorgan
Chase
01/22/2020
$
31,626‌
EUR
28,470‌
142‌
—‌
JPMorgan
Chase
01/22/2020
$
13,188‌
EUR
11,964‌
—‌
(43‌)
JPMorgan
Chase
01/22/2020
EUR
7,020‌
$
7,748‌
15‌
—‌
JPMorgan
Chase
01/22/2020
HUF
1,188,701‌
$
3,945‌
—‌
(16‌)
JPMorgan
Chase
01/22/2020
$
2,970‌
HUF
895,131‌
12‌
—‌
JPMorgan
Chase
01/22/2020
INR
9‌
$
—‌
—‌
—‌
JPMorgan
Chase
01/22/2020
$
8‌
INR
565‌
—‌
—‌
JPMorgan
Chase
01/22/2020
$
4,745‌
INR
339,677‌
32‌
—‌
JPMorgan
Chase
01/22/2020
$
73,944‌
JPY
7,940,027‌
1,080‌
—‌
JPMorgan
Chase
01/22/2020
JPY
6,630,652‌
$
61,703‌
—‌
(855‌)
JPMorgan
Chase
01/22/2020
$
25,315‌
MXN
491,497‌
377‌
—‌
JPMorgan
Chase
01/22/2020
MXN
221,541‌
$
11,374‌
—‌
(133‌)
JPMorgan
Chase
01/22/2020
$
3,939‌
MXN
78,360‌
—‌
(37‌)
JPMorgan
Chase
01/22/2020
MXN
155,045‌
$
7,753‌
114‌
—‌
JPMorgan
Chase
01/22/2020
TWD
485,780‌
$
16,064‌
—‌
(81‌)
JPMorgan
Chase
01/22/2020
$
15,678‌
TWD
481,650‌
—‌
(169‌)
JPMorgan
Chase
01/22/2020
$
30,823‌
NZD
48,365‌
—‌
(241‌)
JPMorgan
Chase
01/22/2020
NZD
67,749‌
$
43,170‌
345‌
—‌
JPMorgan
Chase
01/22/2020
$
13,922‌
NZD
21,650‌
16‌
—‌
JPMorgan
Chase
01/22/2020
NOK
186,647‌
$
20,420‌
—‌
(161‌)
JPMorgan
Chase
01/22/2020
NOK
28,044‌
$
3,040‌
4‌
—‌
JPMorgan
Chase
01/22/2020
$
26,373‌
NOK
241,021‌
213‌
—‌
JPMorgan
Chase
01/22/2020
$
5‌
PLN
21‌
—‌
—‌
JPMorgan
Chase
01/22/2020
$
106‌
RUB
6,863‌
—‌
—‌
JPMorgan
Chase
01/22/2020
$
4,748‌
RUB
306,723‌
10‌
—‌
JPMorgan
Chase
01/22/2020
RUB
271‌
$
4‌
—‌
—‌
JPMorgan
Chase
01/22/2020
$
3,098‌
SGD
4,264‌
—‌
(22‌)
JPMorgan
Chase
01/22/2020
ZAR
51,890‌
$
3,493‌
25‌
—‌
JPMorgan
Chase
01/22/2020
$
3,850‌
KRW
4,591,452‌
—‌
(44‌)
JPMorgan
Chase
01/22/2020
KRW
2,294,860‌
$
1,966‌
—‌
(20‌)
JPMorgan
Chase
01/22/2020
$
40,080‌
SEK
386,171‌
—‌
(389‌)
JPMorgan
Chase
01/22/2020
SEK
374,402‌
$
38,769‌
467‌
—‌
JPMorgan
Chase
01/22/2020
CHF
24,582‌
$
24,959‌
—‌
(252‌)
JPMorgan
Chase
01/22/2020
$
31,740‌
CHF
31,144‌
438‌
—‌
Morgan
Stanley
&
Co
12/04/2019
$
238‌
GBP
186‌
—‌
(2‌)
Morgan
Stanley
&
Co
12/04/2019
$
792‌
NZD
1,251‌
—‌
(11‌)
Morgan
Stanley
&
Co
12/04/2019
NZD
2,213‌
$
1,410‌
11‌
—‌
Morgan
Stanley
&
Co
12/18/2019
AUD
720‌
$
497‌
—‌
(10‌)
Morgan
Stanley
&
Co
12/18/2019
CAD
650‌
$
493‌
—‌
(4‌)
Morgan
Stanley
&
Co
12/18/2019
$
497‌
CAD
654‌
5‌
—‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
57
Foreign
Currency
Contracts
(continued)
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
Morgan
Stanley
&
Co
12/18/2019
$
494‌
JPY
53,836‌
$
1‌
$
—‌
Morgan
Stanley
&
Co
01/22/2020
$
3,916‌
AUD
5,828‌
—‌
(30‌)
Morgan
Stanley
&
Co
01/22/2020
AUD
35,247‌
$
24,031‌
—‌
(164‌)
Morgan
Stanley
&
Co
01/22/2020
$
21,269‌
AUD
31,105‌
207‌
—‌
Morgan
Stanley
&
Co
01/22/2020
$
9,498‌
GBP
7,412‌
—‌
(105‌)
Morgan
Stanley
&
Co
01/22/2020
GBP
3,780‌
$
4,884‌
13‌
—‌
Morgan
Stanley
&
Co
01/22/2020
CAD
5,623‌
$
4,230‌
6‌
—‌
Morgan
Stanley
&
Co
01/22/2020
CAD
34,299‌
$
26,059‌
—‌
(222‌)
Morgan
Stanley
&
Co
01/22/2020
$
1,577‌
CLP
1,218,390‌
56‌
—‌
Morgan
Stanley
&
Co
01/22/2020
$
22‌
COP
76,536‌
—‌
—‌
Morgan
Stanley
&
Co
01/22/2020
EUR
7,020‌
$
7,744‌
19‌
—‌
Morgan
Stanley
&
Co
01/22/2020
EUR
17,075‌
$
19,023‌
—‌
(141‌)
Morgan
Stanley
&
Co
01/22/2020
$
87,085‌
EUR
78,334‌
459‌
—‌
Morgan
Stanley
&
Co
01/22/2020
$
2,366‌
EUR
2,140‌
—‌
(1‌)
Morgan
Stanley
&
Co
01/22/2020
$
4,030‌
HUF
1,212,175‌
24‌
—‌
Morgan
Stanley
&
Co
01/22/2020
INR
669,264‌
$
9,345‌
—‌
(59‌)
Morgan
Stanley
&
Co
01/22/2020
IDR
624,225‌
$
44‌
—‌
—‌
Morgan
Stanley
&
Co
01/22/2020
$
44,452‌
JPY
4,785,116‌
540‌
—‌
Morgan
Stanley
&
Co
01/22/2020
JPY
5,938,853‌
$
55,431‌
—‌
(932‌)
Morgan
Stanley
&
Co
01/22/2020
$
1,573‌
JPY
171,602‌
—‌
(2‌)
Morgan
Stanley
&
Co
01/22/2020
MXN
447,573‌
$
23,092‌
—‌
(383‌)
Morgan
Stanley
&
Co
01/22/2020
$
8,669‌
MXN
168,378‌
126‌
—‌
Morgan
Stanley
&
Co
01/22/2020
MXN
38,822‌
$
1,969‌
1‌
—‌
Morgan
Stanley
&
Co
01/22/2020
$
3,912‌
TWD
118,710‌
6‌
—‌
Morgan
Stanley
&
Co
01/22/2020
$
9,571‌
NZD
15,093‌
—‌
(123‌)
Morgan
Stanley
&
Co
01/22/2020
NZD
2,448‌
$
1,572‌
—‌
—‌
Morgan
Stanley
&
Co
01/22/2020
NZD
45,032‌
$
28,419‌
505‌
—‌
Morgan
Stanley
&
Co
01/22/2020
$
10,796‌
NOK
98,191‌
138‌
—‌
Morgan
Stanley
&
Co
01/22/2020
NOK
178,167‌
$
19,598‌
—‌
(260‌)
Morgan
Stanley
&
Co
01/22/2020
RUB
610,046‌
$
9,446‌
—‌
(24‌)
Morgan
Stanley
&
Co
01/22/2020
$
1,517‌
SGD
2,063‌
8‌
—‌
Morgan
Stanley
&
Co
01/22/2020
SGD
4,248‌
$
3,123‌
—‌
(14‌)
Morgan
Stanley
&
Co
01/22/2020
ZAR
67,909‌
$
4,549‌
55‌
—‌
Morgan
Stanley
&
Co
01/22/2020
$
1,973‌
ZAR
29,231‌
—‌
(9‌)
Morgan
Stanley
&
Co
01/22/2020
$
3,946‌
KRW
4,620,371‌
27‌
—‌
Morgan
Stanley
&
Co
01/22/2020
KRW
4,631,825‌
$
3,945‌
—‌
(17‌)
Morgan
Stanley
&
Co
01/22/2020
KRW
4,629,199‌
$
3,879‌
47‌
—‌
Morgan
Stanley
&
Co
01/22/2020
$
4,285‌
SEK
41,813‌
—‌
(97‌)
Morgan
Stanley
&
Co
01/22/2020
CHF
6,065‌
$
6,146‌
—‌
(50‌)
Royal
Bank
of
Scotland
12/04/2019
EUR
13,425‌
$
14,774‌
19‌
—‌
Royal
Bank
of
Scotland
12/04/2019
$
13,510‌
EUR
12,140‌
133‌
—‌
Royal
Bank
of
Scotland
12/18/2019
CAD
3,078‌
$
2,330‌
—‌
(12‌)
Royal
Bank
of
Scotland
12/18/2019
$
203‌
EUR
184‌
1‌
—‌
Royal
Bank
of
Scotland
02/05/2020
$
14,840‌
EUR
13,425‌
—‌
(19‌)
Standard
Chartered
Bank,
Hong
Kong
12/18/2019
$
576‌
EUR
520‌
2‌
—‌
Standard
Chartered
Bank,
Hong
Kong
12/18/2019
JPY
22,734‌
$
213‌
—‌
(5‌)
Toronto
Dominion
Bank
12/18/2019
EUR
430‌
$
478‌
—‌
(4‌)
Toronto
Dominion
Bank
01/22/2020
$
3,948‌
AUD
5,840‌
—‌
(6‌)
Toronto
Dominion
Bank
01/22/2020
$
12,228‌
AUD
17,799‌
176‌
—‌
Toronto
Dominion
Bank
01/22/2020
AUD
13,641‌
$
9,273‌
—‌
(36‌)
Toronto
Dominion
Bank
01/22/2020
BRL
6,628‌
$
1,577‌
—‌
(15‌)
Toronto
Dominion
Bank
01/22/2020
$
6,244‌
GBP
4,941‌
—‌
(158‌)
Toronto
Dominion
Bank
01/22/2020
$
9,673‌
CAD
12,862‌
—‌
(16‌)
Toronto
Dominion
Bank
01/22/2020
CAD
15,685‌
$
11,791‌
24‌
—‌
Toronto
Dominion
Bank
01/22/2020
CAD
20,735‌
$
15,740‌
—‌
(121‌)
Toronto
Dominion
Bank
01/22/2020
$
26,347‌
CAD
34,725‌
189‌
—‌
Toronto
Dominion
Bank
01/22/2020
$
11,741‌
EUR
10,531‌
95‌
—‌
Toronto
Dominion
Bank
01/22/2020
EUR
13,311‌
$
14,880‌
—‌
(160‌)
Toronto
Dominion
Bank
01/22/2020
EUR
2,846‌
$
3,146‌
1‌
—‌
Toronto
Dominion
Bank
01/22/2020
JPY
2,687,571‌
$
24,910‌
—‌
(247‌)
Toronto
Dominion
Bank
01/22/2020
$
13,319‌
JPY
1,424,252‌
249‌
—‌
Toronto
Dominion
Bank
01/22/2020
MXN
38,604‌
$
1,973‌
—‌
(14‌)
Toronto
Dominion
Bank
01/22/2020
MXN
77,906‌
$
3,928‌
25‌
—‌
Toronto
Dominion
Bank
01/22/2020
NZD
2,445‌
$
1,569‌
1‌
—‌
Toronto
Dominion
Bank
01/22/2020
$
4,624‌
NZD
7,247‌
—‌
(31‌)
Toronto
Dominion
Bank
01/22/2020
$
11,605‌
NOK
105,672‌
135‌
—‌
Toronto
Dominion
Bank
01/22/2020
NOK
35,725‌
$
3,934‌
—‌
(56‌)
Toronto
Dominion
Bank
01/22/2020
$
1,580‌
ZAR
23,617‌
—‌
(21‌)
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
58
Foreign
Currency
Contracts
(continued)
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
Toronto
Dominion
Bank
01/22/2020
$
3,903‌
KRW
4,577,048‌
$
21‌
$
—‌
Toronto
Dominion
Bank
01/22/2020
KRW
2,168,570‌
$
1,850‌
—‌
(11‌)
Toronto
Dominion
Bank
01/22/2020
$
7,038‌
SEK
68,802‌
—‌
(172‌)
Toronto
Dominion
Bank
01/22/2020
SEK
90,650‌
$
9,371‌
129‌
—‌
Toronto
Dominion
Bank
01/22/2020
$
7,870‌
CHF
7,761‌
70‌
—‌
Toronto
Dominion
Bank
01/22/2020
CHF
21,506‌
$
21,791‌
—‌
(176‌)
UBS
AG
12/18/2019
CAD
979‌
$
735‌
2‌
—‌
Westpac
Banking
Corporation
12/04/2019
NZD
7,080‌
$
4,556‌
—‌
(11‌)
Westpac
Banking
Corporation
02/05/2020
$
4,560‌
NZD
7,080‌
12‌
—‌
Total
$
9,063‌
$
(9,544‌)
Amounts
in
thousands.
Exchange
Cleared
Interest
Rate
Swaps
Floating
Rate
Index
(Pay)/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid
by
Fund
Payment
Frequency
Received
by
Fund
Effective
Date
(a)
Maturity
Date
Notional
Amount
Unrealized
Appreciation/
(Depreciation)
Upfront
Payments/
(Receipts)
Fair
Value
3
Month
USD
LIBOR
Receive
1.65%
Semiannual
Quarterly
N/A
08/22/2034
$
535‌
$
13‌
$
—‌
$
13‌
3
Month
USD
LIBOR
Pay
1.95%
Quarterly
Semiannual
N/A
11/07/2049
210‌
3‌
—‌
3‌
3
Month
USD
LIBOR
Pay
1.94%
Quarterly
Semiannual
N/A
11/07/2049
210‌
3‌
—‌
3‌
3
Month
USD
LIBOR
Receive
2.00%
Semiannual
Quarterly
N/A
11/07/2034
570‌
(3‌)
—‌
(3‌)
3
Month
USD
LIBOR
Receive
2.30%
Semiannual
Quarterly
N/A
11/05/2029
1,400‌
(76‌)
—‌
(76‌)
3
Month
USD
LIBOR
Pay
1.61%
Quarterly
Semiannual
N/A
11/05/2029
660‌
(6‌)
—‌
(6‌)
3
Month
USD
LIBOR
Pay
1.66%
Quarterly
Semiannual
N/A
11/04/2029
330‌
(2‌)
1‌
(1‌)
3
Month
USD
LIBOR
Pay
3.17%
Quarterly
Semiannual
N/A
10/31/2024
4,985‌
374‌
—‌
374‌
3
Month
USD
LIBOR
Pay
1.75%
Quarterly
Semiannual
N/A
10/31/2029
1,160‌
4‌
—‌
4‌
3
Month
USD
LIBOR
Receive
1.61%
Semiannual
Quarterly
N/A
11/01/2023
1,270‌
(2‌)
—‌
(2‌)
3
Month
USD
LIBOR
Receive
1.58%
Semiannual
Quarterly
N/A
11/01/2023
1,270‌
(1‌)
—‌
(1‌)
3
Month
USD
LIBOR
Pay
3.21%
Quarterly
Semiannual
N/A
10/29/2024
4,985‌
383‌
—‌
383‌
3
Month
USD
LIBOR
Receive
1.55%
Semiannual
Quarterly
N/A
10/26/2023
1,450‌
—‌
—‌
—‌
3
Month
USD
LIBOR
Receive
2.10%
Semiannual
Quarterly
N/A
10/23/2039
310‌
(1‌)
—‌
(1‌)
3
Month
USD
LIBOR
Receive
1.62%
Semiannual
Quarterly
N/A
11/07/2024
1,020‌
(1‌)
—‌
(1‌)
3
Month
USD
LIBOR
Receive
1.98%
Semiannual
Quarterly
N/A
10/23/2034
240‌
(1‌)
—‌
(1‌)
3
Month
USD
LIBOR
Receive
1.62%
Semiannual
Quarterly
N/A
10/22/2021
12,475‌
2‌
—‌
2‌
3
Month
USD
LIBOR
Receive
1.93%
Semiannual
Quarterly
N/A
10/22/2034
540‌
—‌
—‌
—‌
3
Month
USD
LIBOR
Receive
1.91%
Semiannual
Quarterly
N/A
10/21/2034
480‌
1‌
—‌
1‌
3
Month
USD
LIBOR
Receive
1.56%
Semiannual
Quarterly
N/A
03/30/2021
3,640‌
2‌
—‌
2‌
3
Month
USD
LIBOR
Receive
1.56%
Semiannual
Quarterly
N/A
03/27/2021
11,890‌
7‌
—‌
7‌
3
Month
USD
LIBOR
Pay
1.77%
Quarterly
Semiannual
N/A
12/12/2049
360‌
(10‌)
—‌
(10‌)
3
Month
USD
LIBOR
Pay
1.17%
Quarterly
Semiannual
N/A
09/08/2021
2,650‌
(9‌)
—‌
(9‌)
3
Month
USD
LIBOR
Pay
1.42%
Quarterly
Semiannual
N/A
08/28/2029
1,180‌
(31‌)
—‌
(31‌)
3
Month
USD
LIBOR
Pay
1.93%
Quarterly
Semiannual
N/A
12/01/2056
50‌
—‌
—‌
—‌
3
Month
USD
LIBOR
Pay
1.53%
Quarterly
Semiannual
N/A
11/22/2020
4,970‌
(10‌)
—‌
(10‌)
3
Month
USD
LIBOR
Receive
1.56%
Semiannual
Quarterly
N/A
08/19/2049
160‌
12‌
—‌
12‌
3
Month
USD
LIBOR
Receive
1.59%
Semiannual
Quarterly
N/A
08/19/2049
210‌
15‌
—‌
15‌
3
Month
USD
LIBOR
Receive
1.67%
Semiannual
Quarterly
N/A
08/17/2049
180‌
3‌
—‌
3‌
3
Month
USD
LIBOR
Receive
1.98%
Semiannual
Quarterly
N/A
10/23/2034
240‌
(1‌)
—‌
(1‌)
3
Month
USD
LIBOR
Receive
1.76%
Semiannual
Quarterly
N/A
11/07/2029
250‌
(1‌)
—‌
(1‌)
3
Month
USD
LIBOR
Receive
1.80%
Semiannual
Quarterly
N/A
11/07/2029
250‌
(2‌)
—‌
(2‌)
3
Month
USD
LIBOR
Receive
1.77%
Semiannual
Quarterly
N/A
11/07/2029
225‌
(1‌)
—‌
(1‌)
3
Month
USD
LIBOR
Receive
1.46%
Semiannual
Quarterly
N/A
12/01/2022
2,430‌
2‌
—‌
2‌
3
Month
USD
LIBOR
Pay
1.85%
Quarterly
Semiannual
N/A
11/29/2049
100‌
(1‌)
—‌
(1‌)
3
Month
USD
LIBOR
Receive
1.55%
Semiannual
Quarterly
N/A
11/29/2024
470‌
1‌
—‌
1‌
3
Month
USD
LIBOR
Receive
1.56%
Semiannual
Quarterly
N/A
11/29/2024
470‌
1‌
—‌
1‌
3
Month
USD
LIBOR
Pay
1.84%
Quarterly
Semiannual
N/A
11/29/2049
100‌
(1‌)
—‌
(1‌)
3
Month
USD
LIBOR
Pay
1.85%
Quarterly
Semiannual
N/A
05/15/2045
330‌
(3‌)
1‌
(2‌)
3
Month
USD
LIBOR
Receive
1.67%
Semiannual
Quarterly
N/A
08/15/2029
5,380‌
11‌
1‌
12‌
3
Month
USD
LIBOR
Receive
1.68%
Semiannual
Quarterly
N/A
11/26/2029
305‌
1‌
—‌
1‌
3
Month
USD
LIBOR
Pay
1.65%
Quarterly
Semiannual
N/A
11/25/2029
310‌
(2‌)
—‌
(2‌)
3
Month
USD
LIBOR
Pay
1.66%
Quarterly
Semiannual
N/A
11/25/2029
300‌
(2‌)
—‌
(2‌)
3
Month
USD
LIBOR
Pay
1.64%
Quarterly
Semiannual
N/A
11/22/2029
310‌
(2‌)
—‌
(2‌)
3
Month
USD
LIBOR
Pay
1.64%
Quarterly
Semiannual
N/A
11/22/2029
300‌
(2‌)
—‌
(2‌)
3
Month
USD
LIBOR
Pay
1.65%
Quarterly
Semiannual
N/A
11/22/2029
310‌
(2‌)
—‌
(2‌)
3
Month
USD
LIBOR
Pay
1.75%
Quarterly
Semiannual
N/A
11/19/2029
330‌
1‌
—‌
1‌
3
Month
USD
LIBOR
Receive
2.11%
Semiannual
Quarterly
N/A
11/15/2044
800‌
(5‌)
—‌
(5‌)
3
Month
USD
LIBOR
Pay
1.97%
Quarterly
Semiannual
N/A
11/15/2049
240‌
5‌
—‌
5‌
3
Month
USD
LIBOR
Receive
1.83%
Semiannual
Quarterly
N/A
05/15/2029
400‌
(5‌)
—‌
(5‌)
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
59
Exchange
Cleared
Interest
Rate
Swaps
(continued)
Floating
Rate
Index
(Pay)/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid
by
Fund
Payment
Frequency
Received
by
Fund
Effective
Date
(a)
Maturity
Date
Notional
Amount
Unrealized
Appreciation/
(Depreciation)
Upfront
Payments/
(Receipts)
Fair
Value
3
Month
USD
LIBOR
Receive
1.83%
Semiannual
Quarterly
N/A
11/12/2029
$
42‌
$
—‌
$
—‌
$
—‌
3
Month
USD
LIBOR
Pay
2.05%
Quarterly
Semiannual
N/A
11/12/2049
240‌
9‌
—‌
9‌
3
Month
USD
LIBOR
Receive
2.11%
Semiannual
Quarterly
N/A
11/12/2034
660‌
(10‌)
—‌
(10‌)
3
Month
USD
LIBOR
Receive
1.87%
Semiannual
Quarterly
N/A
11/12/2029
85‌
(1‌)
—‌
(1‌)
3
Month
USD
LIBOR
Receive
1.86%
Semiannual
Quarterly
N/A
11/12/2029
255‌
(3‌)
—‌
(3‌)
3
Month
USD
LIBOR
Receive
1.87%
Semiannual
Quarterly
N/A
11/12/2029
255‌
(4‌)
—‌
(4‌)
3
Month
USD
LIBOR
Receive
1.88%
Semiannual
Quarterly
N/A
11/12/2029
290‌
(5‌)
—‌
(5‌)
3
Month
USD
LIBOR
Receive
1.87%
Semiannual
Quarterly
N/A
11/12/2029
290‌
(4‌)
—‌
(4‌)
3
Month
USD
LIBOR
Receive
1.86%
Semiannual
Quarterly
N/A
11/12/2029
850‌
(12‌)
—‌
(12‌)
3
Month
USD
LIBOR
Receive
3.30%
Semiannual
Quarterly
N/A
11/12/2021
4,340‌
(139‌)
—‌
(139‌)
3
Month
USD
LIBOR
Receive
1.86%
Semiannual
Quarterly
N/A
11/12/2029
255‌
(4‌)
—‌
(4‌)
3
Month
USD
LIBOR
Receive
1.81%
Semiannual
Quarterly
N/A
11/12/2029
255‌
(2‌)
—‌
(2‌)
3
Month
USD
LIBOR
Receive
1.63%
Semiannual
Quarterly
N/A
08/16/2049
280‌
17‌
—‌
17‌
3
Month
USD
LIBOR
Receive
1.71%
Semiannual
Quarterly
N/A
08/16/2049
240‌
4‌
—‌
4‌
3
Month
USD
LIBOR
Pay
3.09%
Quarterly
Semiannual
N/A
11/29/2024
6,660‌
482‌
—‌
482‌
3
Month
USD
LIBOR
Pay
2.45%
Quarterly
Semiannual
N/A
05/18/2031
460‌
29‌
—‌
29‌
3
Month
USD
LIBOR
Pay
2.29%
Quarterly
Semiannual
N/A
11/05/2021
2,000‌
25‌
—‌
25‌
3
Month
USD
LIBOR
Receive
1.77%
Semiannual
Quarterly
N/A
07/12/2023
19,920‌
(44‌)
—‌
(44‌)
3
Month
USD
LIBOR
Receive
2.38%
Semiannual
Quarterly
N/A
07/05/2049
300‌
(9‌)
1‌
(8‌)
3
Month
USD
LIBOR
Receive
2.33%
Semiannual
Quarterly
N/A
06/24/2034
150‌
(5‌)
—‌
(5‌)
3
Month
USD
LIBOR
Pay
2.10%
Quarterly
Semiannual
N/A
06/22/2031
210‌
6‌
—‌
6‌
3
Month
USD
LIBOR
Receive
1.87%
Semiannual
Quarterly
N/A
12/16/2024
1,580‌
(22‌)
—‌
(22‌)
3
Month
USD
LIBOR
Pay
1.74%
Quarterly
Semiannual
N/A
06/16/2022
3,870‌
17‌
—‌
17‌
3
Month
USD
LIBOR
Receive
2.37%
Semiannual
Quarterly
N/A
06/15/2050
780‌
(89‌)
—‌
(89‌)
3
Month
USD
LIBOR
Pay
2.43%
Quarterly
Semiannual
N/A
03/23/2022
385‌
7‌
—‌
7‌
3
Month
USD
LIBOR
Pay
2.60%
Quarterly
Semiannual
N/A
03/26/2029
1,590‌
125‌
—‌
125‌
3
Month
USD
LIBOR
Receive
2.36%
Semiannual
Quarterly
N/A
03/29/2030
2,300‌
(137‌)
—‌
(137‌)
3
Month
USD
LIBOR
Receive
1.77%
Semiannual
Quarterly
N/A
06/15/2021
24,700‌
(51‌)
—‌
(51‌)
3
Month
USD
LIBOR
Receive
2.31%
Semiannual
Quarterly
N/A
04/03/2025
1,680‌
(60‌)
—‌
(60‌)
3
Month
USD
LIBOR
Pay
2.01%
Quarterly
Semiannual
N/A
07/02/2021
6,090‌
33‌
—‌
33‌
3
Month
USD
LIBOR
Pay
2.08%
Quarterly
Semiannual
N/A
07/02/2021
5,150‌
33‌
—‌
33‌
3
Month
USD
LIBOR
Receive
1.87%
Semiannual
Quarterly
N/A
06/03/2022
12,690‌
(47‌)
—‌
(47‌)
3
Month
USD
LIBOR
Pay
1.65%
Quarterly
Semiannual
N/A
08/08/2029
270‌
(1‌)
—‌
(1‌)
3
Month
USD
LIBOR
Pay
2.25%
Quarterly
Semiannual
N/A
04/27/2022
12,110‌
168‌
—‌
168‌
3
Month
USD
LIBOR
Pay
2.32%
Quarterly
Semiannual
N/A
10/25/2021
2,130‌
27‌
—‌
27‌
3
Month
USD
LIBOR
Pay
2.27%
Quarterly
Semiannual
N/A
11/05/2021
2,000‌
25‌
—‌
25‌
3
Month
USD
LIBOR
Pay
2.27%
Quarterly
Semiannual
N/A
11/05/2021
110‌
1‌
—‌
1‌
3
Month
USD
LIBOR
Receive
2.43%
Semiannual
Quarterly
N/A
03/15/2023
5,700‌
(102‌)
—‌
(102‌)
3
Month
USD
LIBOR
Receive
2.90%
Semiannual
Quarterly
N/A
02/15/2049
940‌
(221‌)
—‌
(221‌)
3
Month
USD
LIBOR
Pay
2.31%
Quarterly
Semiannual
N/A
11/04/2021
2,000‌
26‌
—‌
26‌
3
Month
USD
LIBOR
Pay
1.71%
Quarterly
Semiannual
N/A
07/13/2022
19,600‌
42‌
—‌
42‌
3
Month
USD
LIBOR
Receive
1.74%
Semiannual
Quarterly
N/A
07/14/2022
9,380‌
(41‌)
—‌
(41‌)
3
Month
USD
LIBOR
Receive
3.05%
Semiannual
Quarterly
N/A
11/29/2023
982‌
(56‌)
—‌
(56‌)
3
Month
USD
LIBOR
Pay
1.86%
Quarterly
Semiannual
N/A
11/07/2049
180‌
(1‌)
—‌
(1‌)
3
Month
USD
LIBOR
Pay
1.53%
Quarterly
Semiannual
N/A
08/04/2021
3,850‌
—‌
—‌
—‌
3
Month
USD
LIBOR
Pay
1.98%
Quarterly
Semiannual
N/A
08/05/2029
1,340‌
33‌
—‌
33‌
3
Month
USD
LIBOR
Receive
2.53%
Semiannual
Quarterly
N/A
02/07/2023
390‌
(8‌)
—‌
(8‌)
3
Month
USD
LIBOR
Receive
2.57%
Semiannual
Quarterly
N/A
02/07/2025
5,220‌
(255‌)
6‌
(249‌)
3
Month
USD
LIBOR
Pay
2.53%
Semiannual
Semiannual
N/A
02/07/2022
55,240‌
1,059‌
(31‌)
1,028‌
6
Month
Euro
Interbank
Offered
Rate
Pay
(0.50)%
Semiannual
Annual
N/A
09/14/2023
EUR
1,800‌
(11‌)
—‌
(11‌)
6
Month
Euro
Interbank
Offered
Rate
Pay
(0.45)%
Semiannual
Annual
N/A
08/11/2023
830‌
(4‌)
—‌
(4‌)
6
Month
Euro
Interbank
Offered
Rate
Pay
(0.58)%
Semiannual
Annual
N/A
08/17/2023
700‌
(5‌)
—‌
(5‌)
6
Month
Euro
Interbank
Offered
Rate
Pay
(0.43)%
Semiannual
Annual
N/A
09/14/2023
530‌
(2‌)
—‌
(2‌)
6
Month
Euro
Interbank
Offered
Rate
Receive
(0.17)%
Annual
Semiannual
N/A
11/11/2024
460‌
(1‌)
—‌
(1‌)
6
Month
Euro
Interbank
Offered
Rate
Receive
(0.30)%
Annual
Semiannual
N/A
07/25/2023
5,450‌
7‌
—‌
7‌
6
Month
Euro
Interbank
Offered
Rate
Receive
(0.29)%
Annual
Semiannual
N/A
07/26/2023
7,870‌
8‌
1‌
9‌
6
Month
Euro
Interbank
Offered
Rate
Pay
(0.44)%
Semiannual
Annual
N/A
10/06/2023
540‌
(3‌)
—‌
(3‌)
6
Month
Euro
Interbank
Offered
Rate
Pay
(0.45)%
Semiannual
Annual
N/A
09/28/2023
430‌
(2‌)
—‌
(2‌)
6
Month
JPY
LIBOR
Receive
0.72%
Semiannual
Semiannual
N/A
03/21/2044
JPY
8,220‌
(5‌)
—‌
(5‌)
6
Month
JPY
LIBOR
Receive
0.30%
Semiannual
Semiannual
N/A
06/17/2039
11,470‌
(1‌)
—‌
(1‌)
6
Month
JPY
LIBOR
Receive
0.20%
Semiannual
Semiannual
N/A
08/28/2044
1,270‌
—‌
—‌
—‌
6
Month
JPY
LIBOR
Receive
0.17%
Semiannual
Semiannual
N/A
08/08/2039
8,330‌
1‌
—‌
1‌
6
Month
JPY
LIBOR
Receive
0.34%
Semiannual
Semiannual
N/A
02/08/2034
8,650‌
(2‌)
—‌
(2‌)
Canada
Bankers
Acceptances
3
Month
Pay
1.93%
Semiannual
Semiannual
N/A
10/18/2021
CAD
16,400‌
12‌
—‌
12‌
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
1.85%
Annual
Annual
N/A
02/08/2022
$
5,825‌
(26‌)
—‌
(26‌)
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
60
Exchange
Cleared
Interest
Rate
Swaps
(continued)
Floating
Rate
Index
(Pay)/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid
by
Fund
Payment
Frequency
Received
by
Fund
Effective
Date
(a)
Maturity
Date
Notional
Amount
Unrealized
Appreciation/
(Depreciation)
Upfront
Payments/
(Receipts)
Fair
Value
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Pay
1.86%
Annual
Annual
N/A
11/25/2029
$
2,720‌
$
3‌
$
1‌
$
4‌
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
1.95%
Annual
Annual
N/A
11/25/2049
870‌
(8‌)
—‌
(8‌)
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
1.90%
Annual
Annual
N/A
02/12/2024
3,930‌
(43‌)
—‌
(43‌)
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
2.25%
Annual
Annual
N/A
10/30/2028
5,270‌
(251‌)
—‌
(251‌)
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
1.71%
Annual
Annual
N/A
08/12/2024
5,460‌
(13‌)
—‌
(13‌)
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
1.92%
Annual
Annual
N/A
05/08/2021
13,823‌
(50‌)
—‌
(50‌)
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
1.85%
Annual
Annual
N/A
05/10/2021
17,627‌
(30‌)
(12‌)
(42‌)
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
1.85%
Annual
Annual
N/A
08/01/2024
5,860‌
(60‌)
—‌
(60‌)
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
1.98%
Annual
Annual
N/A
05/02/2022
4,280‌
(31‌)
—‌
(31‌)
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Pay
1.75%
Annual
Annual
N/A
08/22/2029
2,390‌
(18‌)
—‌
(18‌)
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
1.79%
Annual
Annual
N/A
08/22/2049
760‌
30‌
—‌
30‌
Eurozone
Harmonised
Index
of
Consumer
Prices
ex-Tobacco
Pay
1.43%
Annual
Annual
N/A
11/15/2049
EUR
625‌
(1‌)
3‌
2‌
Eurozone
Harmonised
Index
of
Consumer
Prices
ex-Tobacco
Receive
1.09%
Annual
Annual
N/A
11/15/2029
2,280‌
1‌
(1‌)
—‌
Eurozone
Harmonised
Index
of
Consumer
Prices
ex-Tobacco
Pay
1.39%
Annual
Annual
N/A
06/15/2049
505‌
(5‌)
(2‌)
(7‌)
Harmonised
Indices
of
Consumer
Prices
Excluding
Food
and
Energy
Receive
1.30%
Annual
Annual
N/A
01/15/2029
2,110‌
(67‌)
1‌
(66‌)
Harmonised
Indices
of
Consumer
Prices
Excluding
Food
and
Energy
Pay
1.40%
Annual
Annual
N/A
08/15/2049
505‌
(4‌)
—‌
(4‌)
Harmonised
Indices
of
Consumer
Prices
Excluding
Food
and
Energy
Receive
1.05%
Annual
Annual
N/A
08/15/2029
1,970‌
5‌
(1‌)
4‌
Harmonised
Indices
of
Consumer
Prices
Excluding
Food
and
Energy
Pay
1.11%
Annual
Annual
N/A
03/15/2024
4,285‌
36‌
—‌
36‌
Harmonised
Indices
of
Consumer
Prices
Excluding
Food
and
Energy
Receive
1.29%
Annual
Annual
N/A
03/15/2029
4,285‌
(121‌)
2‌
(119‌)
New
Zealand
Bank
Bill
3
Month
FRA
Pay
1.27%
Quarterly
Semiannual
N/A
08/15/2029
NZD
3,865‌
(45‌)
—‌
(45‌)
New
Zealand
Bank
Bill
3
Month
FRA
Receive
2.55%
Semiannual
Quarterly
N/A
03/20/2029
3,335‌
(216‌)
8‌
(208‌)
New
Zealand
Bank
Bill
3
Month
FRA
Receive
2.80%
Semiannual
Quarterly
N/A
03/20/2029
2,353‌
(188‌)
7‌
(181‌)
New
Zealand
Bank
Bill
3
Month
FRA
Receive
2.59%
Semiannual
Quarterly
N/A
03/20/2029
651‌
(44‌)
2‌
(42‌)
New
Zealand
Bank
Bill
3
Month
FRA
Receive
2.58%
Semiannual
Quarterly
N/A
03/20/2029
1,219‌
(81‌)
3‌
(78‌)
New
Zealand
Bank
Bill
3
Month
FRA
Receive
1.55%
Semiannual
Quarterly
N/A
11/12/2029
1,250‌
(5‌)
—‌
(5‌)
United
Kingdom
Retail
Prices
Index
Pay
3.53%
Annual
Annual
N/A
03/15/2029
GBP
570‌
9‌
(1‌)
8‌
United
Kingdom
Retail
Prices
Index
Receive
3.46%
Annual
Annual
N/A
11/15/2029
910‌
1‌
—‌
1‌
United
Kingdom
Retail
Prices
Index
Pay
3.40%
Annual
Annual
N/A
08/15/2028
5,285‌
26‌
(9‌)
17‌
United
Kingdom
Retail
Prices
Index
Pay
3.39%
Annual
Annual
N/A
08/15/2028
1,650‌
4‌
(3‌)
1‌
United
Kingdom
Retail
Prices
Index
Pay
3.51%
Annual
Annual
N/A
10/15/2028
3,095‌
85‌
(4‌)
81‌
United
Kingdom
Retail
Prices
Index
Receive
3.66%
Annual
Annual
N/A
08/15/2029
1,830‌
(70‌)
1‌
(69‌)
United
Kingdom
Retail
Prices
Index
Pay
3.61%
Annual
Annual
N/A
01/15/2029
1,145‌
44‌
(1‌)
43‌
United
Kingdom
Retail
Prices
Index
Pay
3.65%
Annual
Annual
N/A
06/15/2029
1,810‌
69‌
(1‌)
68‌
United
Kingdom
Retail
Prices
Index
Pay
3.27%
Annual
Annual
N/A
10/15/2044
2,725‌
78‌
6‌
84‌
United
Kingdom
Retail
Prices
Index
Receive
3.16%
Annual
Annual
N/A
10/15/2049
2,725‌
(47‌)
(30‌)
(77‌)
United
Kingdom
Retail
Prices
Index
Receive
3.48%
Annual
Annual
N/A
01/15/2029
915‌
(16‌)
1‌
(15‌)
United
Kingdom
Retail
Prices
Index
Pay
3.36%
Annual
Annual
N/A
10/15/2039
3,555‌
115‌
(8‌)
107‌
United
Kingdom
Retail
Prices
Index
Receive
3.42%
Annual
Annual
N/A
10/15/2034
3,555‌
(84‌)
12‌
(72‌)
United
Kingdom
Retail
Prices
Index
Pay
3.49%
Annual
Annual
N/A
03/15/2029
3,035‌
28‌
(2‌)
26‌
United
Kingdom
Retail
Prices
Index
Pay
3.77%
Annual
Annual
N/A
08/15/2029
2,040‌
112‌
2‌
114‌
United
Kingdom
Retail
Prices
Index
Receive
3.73%
Annual
Annual
N/A
08/15/2029
1,440‌
(71‌)
(1‌)
(72‌)
United
Kingdom
Retail
Prices
Index
Receive
3.75%
Annual
Annual
N/A
09/15/2029
2,855‌
(145‌)
(2‌)
(147‌)
United
Kingdom
Retail
Prices
Index
Receive
3.75%
Annual
Annual
N/A
09/15/2029
1,425‌
(73‌)
(1‌)
(74‌)
United
Kingdom
Retail
Prices
Index
Pay
3.70%
Annual
Annual
N/A
07/15/2029
1,880‌
86‌
1‌
87‌
United
Kingdom
Retail
Prices
Index
Pay
3.41%
Annual
Annual
N/A
01/15/2028
1,965‌
21‌
(4‌)
17‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
61
Exchange
Cleared
Interest
Rate
Swaps
(continued)
Floating
Rate
Index
(Pay)/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid
by
Fund
Payment
Frequency
Received
by
Fund
Effective
Date
(a)
Maturity
Date
Notional
Amount
Unrealized
Appreciation/
(Depreciation)
Upfront
Payments/
(Receipts)
Fair
Value
US
Federal
Funds
Effective
Rate
(continuous
series)
Receive
1.31%
Annual
Annual
N/A
12/15/2021
$
26,870‌
$
5‌
$
(1‌)
$
4‌
Total
$
433‌
$
(54‌)
$
379‌
Amounts
in
thousands.
(a)    
Forward
swap.
Total
Return
Swaps
Counterparty
Reference
Entity
Contracts
Pay/Receive
Positive
Return
Financing
Rate
Payment
Frequency
Expiration
Date
Notional
Amount
Upfront
Payments/
(Receipts)
Value
and
Unrealized
Appreciation/
(Depreciation)
Asset
----
Liability
Bank
of
America
NA
BofA
Merrill
Lynch
Commodity
MLBXCS3T
Total
Return
Strategy
(a)
212,506
Receive
1.01%
Annual
12/04/2019
$
19,957‌
$
—‌
$
79‌
$
—‌
M3
Capital
Partners
Bloomberg
Commodity
Index
Total
Return
(a)
538,621
Receive
UST
13
Week
Bill
High
Discount
Rate
+
0.09%
Monthly
12/20/2019
89,880‌
—‌
—‌
(1,710‌)
M3
Capital
Partners
Macquarie
Commodity
Product
251E
(a)
131,520
Receive
0.32%
Annual
12/04/2019
11,766‌
—‌
20‌
—‌
Merrill
Lynch
Bloomberg
Commodity
Index
Total
Return
(a)
442,842
Receive
UST
13
Week
Bill
High
Discount
Rate
+
0.12%
Monthly
12/20/2019
73,897‌
—‌
—‌
(1,403‌)
Societe
Generale
Bloomberg
Commodity
Index
Total
Return
(a)
146,250
Receive
UST
13
Week
Bill
High
Discount
Rate
+
0.11%
Monthly
12/20/2019
24,405‌
—‌
—‌
(463‌)
Societe
Generale
Societe
Generale
Commodities
Custom
Alpha
(a)
254,217
Receive
0.35%
Annual
12/04/2019
22,286‌
—‌
—‌
(614‌)
Total
$
—‌
$
99‌
$
(4,190‌)
Amounts
in
thousands
except
contracts.
(a)
All
or
a
portion
of
this
security
is
owned
by
the
DRA
Cayman
Corporation,
which
is
a
100%
owned
subsidiary
of
the
fund.
Schedule
of
Investments
EDGE
MidCap
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
62
INVESTMENT
COMPANIES
-
2.70%
Shares
Held
Value
(000's)
Money
Market
Funds
-
2.70%
Principal
Government
Money
Market
Fund
1.52
%
(a),(b)
19,858,774‌
$
19,859‌
TOTAL
INVESTMENT
COMPANIES
$
19,859‌
COMMON
STOCKS
-
97.14%
Shares
Held
Value
(000's)
Advertising
-
0.80%
Interpublic
Group
of
Cos
Inc/The
262,511‌
5,880‌
Airlines
-
2.60%
Alaska
Air
Group
Inc
276,902‌
19,109‌
Automobile
Parts
&
Equipment
-
2.12%
Autoliv
Inc
190,826‌
15,594‌
Banks
-
4.02%
Bank
OZK
229,061‌
6,799‌
Cullen/Frost
Bankers
Inc
243,599‌
22,791‌
$
29,590‌
Chemicals
-
5.41%
FMC
Corp
175,442‌
17,186‌
HB
Fuller
Co
453,369‌
22,614‌
$
39,800‌
Commercial
Services
-
2.62%
Aaron's
Inc
298,260‌
17,418‌
Morningstar
Inc
11,561‌
1,816‌
$
19,234‌
Consumer
Products
-
1.83%
Avery
Dennison
Corp
103,466‌
13,489‌
Electric
-
6.12%
Alliant
Energy
Corp
354,404‌
18,783‌
Eversource
Energy
259,779‌
21,468‌
WEC
Energy
Group
Inc
53,971‌
4,785‌
$
45,036‌
Electrical
Components
&
Equipment
-
5.15%
Energizer
Holdings
Inc
383,628‌
19,139‌
Littelfuse
Inc
103,221‌
18,725‌
$
37,864‌
Electronics
-
2.81%
Arrow
Electronics
Inc
(
c)
259,866‌
20,696‌
Environmental
Control
-
2.01%
Waste
Connections
Inc
163,190‌
14,777‌
Hand
&
Machine
Tools
-
4.46%
Lincoln
Electric
Holdings
Inc
233,428‌
21,536‌
Snap-on
Inc
69,785‌
11,198‌
$
32,734‌
Healthcare
-
Products
-
6.62%
Teleflex
Inc
69,167‌
24,439‌
Varian
Medical
Systems
Inc
(
c)
181,214‌
24,234‌
$
48,673‌
Healthcare
-
Services
-
3.36%
Universal
Health
Services
Inc
177,131‌
24,709‌
Insurance
-
5.55%
Fidelity
National
Financial
Inc
453,067‌
21,579‌
Markel
Corp
(
c)
16,951‌
19,248‌
$
40,827‌
Internet
-
1.30%
Rightmove
PLC
1,187,978‌
9,574‌
Machinery
-
Diversified
-
1.71%
Nordson
Corp
75,744‌
12,561‌
Oil
&
Gas
-
3.70%
Cimarex
Energy
Co
229,808‌
10,564‌
Helmerich
&
Payne
Inc
185,458‌
7,331‌
HollyFrontier
Corp
181,116‌
9,337‌
$
27,232‌
REITs
-
7.11%
Alexandria
Real
Estate
Equities
Inc
130,433‌
21,198‌
CyrusOne
Inc
322,609‌
20,099‌
STORE
Capital
Corp
270,336‌
11,005‌
$
52,302‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Retail
-
4.94%
Chipotle
Mexican
Grill
Inc
(
c)
23,169‌
$
18,858‌
Lululemon
Athletica
Inc
(
c)
33,037‌
7,456‌
Tiffany
&
Co
75,247‌
10,068‌
$
36,382‌
Savings
&
Loans
-
3.09%
Washington
Federal
Inc
616,725‌
22,702‌
Semiconductors
-
5.05%
Microchip
Technology
Inc
227,620‌
21,519‌
Teradyne
Inc
248,520‌
15,555‌
$
37,074‌
Software
-
8.17%
Black
Knight
Inc
(
c)
489,504‌
30,844‌
Fair
Isaac
Corp
(
c)
79,600‌
29,273‌
$
60,117‌
Toys,
Games
&
Hobbies
-
2.63%
Hasbro
Inc
189,826‌
19,305‌
Transportation
-
3.96%
Expeditors
International
of
Washington
Inc
243,812‌
18,227‌
Kirby
Corp
(
c)
129,092‌
10,891‌
$
29,118‌
TOTAL
COMMON
STOCKS
$
714,379‌
Total
Investments
$
734,238‌
Other
Assets
and
Liabilities
-  0.16
%
1,167‌
TOTAL
NET
ASSETS
-
100.00%
$
735,405‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940)
or
an
affiliate
as
defined
by
the
Investment
Company
Act
of
1940
(controls
5.0%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
affiliated
sub-schedule
for
transactional
information.
(b)
Current
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
Portfolio
Summary  (
unaudited)
Sector
Percent
Industrial
20.10‌%
Financial
19.77‌%
Consumer,
Non-cyclical
14.43‌%
Technology
13.22‌%
Consumer,
Cyclical
12.29‌%
Utilities
6.12‌%
Basic
Materials
5.41‌%
Energy
3.70‌%
Money
Market
Funds
2.70‌%
Communications
2.10‌%
Other
Assets
and
Liabilities
0.16‌%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
EDGE
MidCap
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
63
Affiliated
Securities
August
31,
2019
Purchases
Sales
November
30,
2019
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
1.52%
$
19,943‌
$
56,773‌
$
56,857‌
$
19,859‌
$
19,943‌
$
56,773‌
$
56,857‌
$
19,859‌
Income
Realized
Gain/Loss
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/Loss
Principal
Government
Money
Market
Fund
1.52%
$
74‌
$
—‌
$
—‌
$
—‌
$
74‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
64
INVESTMENT
COMPANIES
-
13.96%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
1.04%
iShares
J.P.
Morgan
USD
EM
Bond
UCITS
ETF
71,051‌
$
7,913‌
iShares
JP
Morgan
EM
Local
Government
Bond
UCITS
ETF
29,700‌
1,774‌
iShares
Russell
2000
Value
ETF
380‌
47‌
$
9,734‌
Money
Market
Funds
-
12.92%
First
American
Government
Obligations
Fund
1.53
%
(a)
5,043,452‌
5,043‌
Morgan
Stanley
Institutional
Liquidity
Funds
-
Government
Portfolio
1.57
%
(a),(b),(c)
4,142
,
615‌
4,143‌
Principal
Government
Money
Market
Fund
1.52
%
(a),(d)
111,735,116‌
111,735‌
$
120,921‌
TOTAL
INVESTMENT
COMPANIES
$
130,655‌
COMMON
STOCKS
-
41.34%
Shares
Held
Value
(000's)
Advertising
-
0.10%
Clear
Channel
Outdoor
Holdings
Inc
(
e)
43,695‌
108‌
Interpublic
Group
of
Cos
Inc/The
9,933‌
222‌
Ocean
Outdoor
Ltd
(
e),(f)
6,632‌
50‌
Omnicom
Group
Inc
(
b)
5,940‌
473‌
Trade
Desk
Inc/
The
(
e)
412‌
109‌
$
962‌
Aerospace
&
Defense
-
1.24%
Aerojet
Rocketdyne
Holdings
Inc
(
e)
1,253‌
55‌
Arconic
Inc
8,339‌
258‌
Boeing
Co/The
2,964‌
1,085‌
Dassault
Aviation
SA
395‌
537‌
General
Dynamics
Corp
543‌
99‌
HEICO
Corp
-
Class
A
(
b)
1,300‌
131‌
L3Harris
Technologies
Inc
(
b)
1,534‌
309‌
Leonardo
SpA
14,298‌
167‌
Lockheed
Martin
Corp
(
b)
6,930‌
2,710‌
Moog
Inc
999‌
86‌
MTU
Aero
Engines
AG
414‌
112‌
Northrop
Grumman
Corp
(
b)
2,973‌
1,046‌
Raytheon
Co
(
b)
6,032‌
1,312‌
Rheinmetall
AG
1,762‌
187‌
Thales
SA
2,612‌
256‌
TransDigm
Group
Inc
(
b)
1,423‌
806‌
Triumph
Group
Inc
3,779‌
105‌
Ultra
Electronics
Holdings
PLC
7,783‌
210‌
United
Technologies
Corp
(
b)
14,669‌
2,176‌
$
11,647‌
Agriculture
-
0.50%
Altria
Group
Inc
(
b)
21,666‌
1,077‌
Archer-Daniels-Midland
Co
11,064‌
475‌
Philip
Morris
International
Inc
(
b)
32,754‌
2,716‌
Swedish
Match
AB
7,788‌
373‌
$
4,641‌
Airlines
-
0.41%
Alaska
Air
Group
Inc
(
b)
3,196‌
221‌
American
Airlines
Group
Inc
7,187‌
207‌
Delta
Air
Lines
Inc
(
b)
17,120‌
981‌
Southwest
Airlines
Co
(
b)
25,347‌
1,461‌
United
Airlines
Holdings
Inc
(
b),(e)
10,585‌
982‌
$
3,852‌
Apparel
-
0.34%
Burberry
Group
PLC
1,504‌
41‌
Carter's
Inc
1,726‌
178‌
Hanesbrands
Inc
7,696‌
116‌
Kontoor
Brands
Inc
2,722‌
98‌
LVMH
Moet
Hennessy
Louis
Vuitton
SE
1,584‌
709‌
Moncler
SpA
15,989‌
700‌
NIKE
Inc
(
b)
781‌
73‌
PVH
Corp
(
b)
1,428‌
138‌
Ralph
Lauren
Corp
139‌
15‌
Tapestry
Inc
13,788‌
371‌
Under
Armour
Inc
-
Class
A
(
e)
11,826‌
223‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Apparel
(continued)
Under
Armour
Inc
-
Class
C
(
e)
633‌
$
11‌
VF
Corp
5,306‌
470‌
$
3,143‌
Automobile
Manufacturers
-
0.40%
Ferrari
NV
4,968‌
838‌
Fiat
Chrysler
Automobiles
NV
37,570‌
553‌
Ford
Motor
Co
7,430‌
67‌
General
Motors
Co
10,556‌
380‌
PACCAR
Inc
7,485‌
609‌
REV
Group
Inc
6,846‌
89‌
Subaru
Corp
22,700‌
595‌
Volvo
AB
-
B
Shares
39,999‌
619‌
$
3,750‌
Automobile
Parts
&
Equipment
-
0.13%
BorgWarner
Inc
4,396‌
185‌
Cooper
Tire
&
Rubber
Co
2,702‌
78‌
Dana
Inc
6,210‌
105‌
Koito
Manufacturing
Co
Ltd
13,400‌
691‌
Nokian
Renkaat
OYJ
4,499‌
122‌
$
1,181‌
Banks
-
1.32%
Allegiance
Bancshares
Inc
(
e)
1,566‌
56‌
Ameris
Bancorp
2,192‌
96‌
Aozora
Bank
Ltd
1,300‌
33‌
Atlantic
Union
Bankshares
Corp
2,415‌
91‌
Banca
Generali
SpA
5,461‌
180‌
BancorpSouth
Bank
3,275‌
102‌
Bank
of
America
Corp
(
b)
20,426‌
681‌
Bank
of
New
York
Mellon
Corp/The
1,729‌
85‌
Bank
OZK
3,088‌
92‌
BB&T
Corp
1,437‌
79‌
Cadence
BanCorp
5,317‌
88‌
Citigroup
Inc
(
b)
4,415‌
331‌
Citizens
Financial
Group
Inc
5,369‌
206‌
East
West
Bancorp
Inc
(
b)
12,300‌
564‌
Fifth
Third
Bancorp
1,347‌
41‌
FinecoBank
Banca
Fineco
SpA
11,523‌
143‌
First
Citizens
BancShares
Inc/NC
321‌
167‌
First
Hawaiian
Inc
2,975‌
85‌
First
Interstate
BancSystem
Inc
2,104‌
89‌
First
Midwest
Bancorp
Inc/IL
3,446‌
74‌
First
Republic
Bank/CA
3,139‌
345‌
FNB
Corp/PA
5,871‌
73‌
Great
Western
Bancorp
Inc
2,796‌
96‌
Hang
Seng
Bank
Ltd
18,100‌
369‌
Heritage
Commerce
Corp
7,084‌
88‌
Hilltop
Holdings
Inc
3,604‌
89‌
Independent
Bank
Group
Inc
1,273‌
73‌
JPMorgan
Chase
&
Co
(
b)
7,986‌
1,052‌
M&T
Bank
Corp
5,317‌
876‌
Macquarie
Group
Ltd
1,952‌
182‌
Northern
Trust
Corp
398‌
43‌
Opus
Bank
4,192‌
108‌
PNC
Financial
Services
Group
Inc/The
823‌
126‌
Raiffeisen
Bank
International
AG
11,473‌
269‌
Regions
Financial
Corp
(
b)
5,784‌
96‌
Resona
Holdings
Inc
125,700‌
533‌
Seven
Bank
Ltd
10,900‌
34‌
Shinsei
Bank
Ltd
17,800‌
282‌
Skandinaviska
Enskilda
Banken
AB
1,495‌
13‌
Standard
Chartered
PLC
56,818‌
511‌
Sumitomo
Mitsui
Financial
Group
Inc
21,400‌
784‌
Sumitomo
Mitsui
Trust
Holdings
Inc
17,300‌
663‌
SunTrust
Banks
Inc
833‌
59‌
SVB
Financial
Group
(
e)
1,333‌
308‌
UBS
Group
AG
(
e)
29,658‌
359‌
Umpqua
Holdings
Corp
4,444‌
73‌
United
Community
Banks
Inc/GA
2,937‌
91‌
Univest
Financial
Corp
2,868‌
75‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
65
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
US
Bancorp
(
b)
9,782‌
$
587‌
Wells
Fargo
&
Co
14,503‌
790‌
$
12,330‌
Beverages
-
0.57%
Asahi
Group
Holdings
Ltd
2,600‌
125‌
Carlsberg
A/S
3,266‌
470‌
Coca-Cola
Co/
The
(
b)
20,928‌
1,118‌
Coca-Cola
HBC
AG
(
e)
7,156‌
239‌
Constellation
Brands
Inc
352‌
65‌
Fevertree
Drinks
PLC
4,936‌
139‌
Heineken
NV
2,119‌
220‌
Molson
Coors
Brewing
Co
10,165‌
513‌
Monster
Beverage
Corp
(
b),(e)
21,382‌
1,279‌
PepsiCo
Inc
(
b)
8,561‌
1,163‌
$
5,331‌
Biotechnology
-
0.59%
Abcam
PLC
11,111‌
192‌
Alexion
Pharmaceuticals
Inc
(
b),(e)
4,689‌
534‌
Amgen
Inc
(
b)
4,580‌
1,075‌
Apellis
Pharmaceuticals
Inc
(
e)
3,036‌
82‌
Arena
Pharmaceuticals
Inc
(
e)
1,122‌
53‌
Biogen
Inc
(
b),(e)
6,606‌
1,981‌
Exact
Sciences
Corp
(
e)
895‌
73‌
Gilead
Sciences
Inc
(
b)
8,817‌
592‌
H
Lundbeck
A/S
889‌
34‌
Incyte
Corp
(
b),(e)
8,200‌
772‌
Sangamo
Therapeutics
Inc
(
e)
6,227‌
67‌
Y-
mAbs
Therapeutics
Inc
(
e)
2,396‌
81‌
$
5,536‌
Building
Materials
-
0.61%
Boise
Cascade
Co
3,210‌
122‌
Cemex
SAB
de
CV
ADR
88,953‌
332‌
Cie
de
Saint-Gobain
10,296‌
417‌
CRH
PLC
9,463‌
362‌
Daikin
Industries
Ltd
2,200‌
317‌
Fortune
Brands
Home
&
Security
Inc
14,176‌
896‌
Imerys
SA
4,317‌
171‌
JELD-WEN
Holding
Inc
(
e)
3,508‌
80‌
Johnson
Controls
International
plc
(
b)
20,472‌
877‌
LafargeHolcim
Ltd
(
e)
9,957‌
513‌
Lennox
International
Inc
2,651‌
678‌
LIXIL
Group
Corp
10,100‌
171‌
Louisiana-Pacific
Corp
2,591‌
77‌
Martin
Marietta
Materials
Inc
118‌
32‌
Masco
Corp
6,079‌
283‌
Norbord
Inc
3,870‌
109‌
Vulcan
Materials
Co
(
b)
100‌
14‌
Wienerberger
AG
9,394‌
258‌
$
5,709‌
Chemicals
-
2.10%
A.
Schulman
Inc.
(e
),(
g)
2,332‌
1‌
Air
Liquide
SA
2,818‌
382‌
Air
Products
&
Chemicals
Inc
414‌
98‌
Ashland
Global
Holdings
Inc
11,997‌
860‌
Borregaard
ASA
12,200‌
124‌
Brenntag
AG
4,255‌
227‌
Celanese
Corp
5,556‌
697‌
CF
Industries
Holdings
Inc
(
b)
6,113‌
282‌
DuPont
de
Nemours
Inc
(
b)
20,620‌
1,337‌
Eastman
Chemical
Co
776‌
61‌
Ecolab
Inc
540‌
101‌
EMS-
Chemie
Holding
AG
2,032‌
1,262‌
FMC
Corp
(
b)
3,360‌
329‌
Hexion
Holdings
Corp
(
e)
22,049‌
254‌
Hitachi
Chemical
Co
Ltd
158,306‌
5,699‌
IMCD
NV
1,740‌
145‌
Ingevity
Corp
(
e)
1,155‌
104‌
International
Flavors
&
Fragrances
Inc
201‌
28‌
Linde
PLC
(
b)
5,572‌
1,149‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Chemicals
(continued)
LyondellBasell
Industries
NV
5,811‌
$
538‌
Mosaic
Co/The
7,549‌
144‌
Nippon
Paint
Holdings
Co
Ltd
6,800‌
363‌
Nissan
Chemical
Corp
5,700‌
226‌
Nitto
Denko
Corp
4,900‌
275‌
PPG
Industries
Inc
(
b)
5,034‌
649‌
Sherwin-Williams
Co/
The
(
b)
2,146‌
1,251‌
Shin-Etsu
Chemical
Co
Ltd
13,200‌
1,419‌
Showa
Denko
KK
10,300‌
275‌
Synthomer
PLC
59,876‌
235‌
Toray
Industries
Inc
80,489‌
532‌
Yara
International
ASA
16,874‌
636‌
$
19,683‌
Commercial
Services
-
1.74%
Adtalem
Global
Education
Inc
(
e)
3,008‌
101‌
AMERCO
1,195‌
433‌
Aramark
33,835‌
1,477‌
Atlantia
SpA
11,392‌
252‌
Automatic
Data
Processing
Inc
952‌
163‌
Babcock
International
Group
PLC
45,897‌
350‌
Booz
Allen
Hamilton
Holding
Corp
213‌
15‌
BrightView
Holdings
Inc
(
e)
4,359‌
70‌
Brink's
Co/The
1,076‌
100‌
Bureau
Veritas
SA
65,329‌
1,710‌
Carriage
Services
Inc
4,021‌
97‌
Chegg
Inc
(
e)
1,823‌
71‌
Cintas
Corp
3,012‌
774‌
CoreLogic
Inc/United
States
11,980‌
496‌
Elis
SA
8,568‌
171‌
Equifax
Inc
2,927‌
409‌
Escrow
Altegrity
Inc
NPV
(
e),(g),(h)
24,118‌
490‌
EVERTEC
Inc
2,590‌
84‌
FleetCor
Technologies
Inc
(
e)
163‌
50‌
Global
Payments
Inc
6,118‌
1,108‌
Grand
Canyon
Education
Inc
(
e)
2,052‌
175‌
H&R
Block
Inc
(
b)
28,971‌
706‌
HMS
Holdings
Corp
(
e)
3,002‌
91‌
IHS
Markit
Ltd
(
e)
748‌
54‌
Insperity
Inc
219‌
17‌
Kforce
Inc
2,088‌
83‌
LiveRamp
Holdings
Inc
(
e)
2,273‌
114‌
Loomis
AB
6,569‌
274‌
MarketAxess
Holdings
Inc
71‌
29‌
Moody's
Corp
(
b)
6,919‌
1,568‌
Nielsen
Holdings
PLC
10,904‌
213‌
PayPal
Holdings
Inc
(
e)
2,655‌
287‌
Persol
Holdings
Co
Ltd
43,700‌
805‌
Robert
Half
International
Inc
(
b)
14,795‌
861‌
Rollins
Inc
(
b)
18,600‌
667‌
S&P
Global
Inc
(
b)
6,080‌
1,609‌
SEACOR
Marine
Holdings
Inc
(
e)
5,084‌
60‌
TriNet
Group
Inc
(
e)
1,430‌
78‌
United
Rentals
Inc
(
b),(e)
148‌
23‌
Verisk
Analytics
Inc
315‌
46‌
Wirecard
AG
464‌
61‌
$
16,242‌
Computers
-
1.57%
Accenture
PLC
-
Class
A
(
b)
7,225‌
1,453‌
Apple
Inc
(
b)
27,578‌
7,371‌
Cognizant
Technology
Solutions
Corp
1,034‌
66‌
Conduent
Inc
(
e)
8,547‌
58‌
DXC
Technology
Co
1,350‌
50‌
Endava
PLC
ADR
(e)
1,046‌
50‌
Fortinet
Inc
(
b),(e)
5,700‌
599‌
Hewlett
Packard
Enterprise
Co
(
b)
3,056‌
48‌
HP
Inc
(
b)
38,144‌
765‌
International
Business
Machines
Corp
(
b)
1,919‌
258‌
Itochu
Techno-Solutions
Corp
20,800‌
556‌
Leidos
Holdings
Inc
(
b)
3,915‌
356‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
66
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Computers
(continued)
NetApp
Inc
(
b)
1,438‌
$
87‌
Obic
Co
Ltd
4,100‌
545‌
Otsuka
Corp
24,600‌
986‌
Rapid7
Inc
(
e)
1,991‌
112‌
Science
Applications
International
Corp
12,156‌
1,038‌
Serco
Group
PLC
(
e)
103,381‌
208‌
Vocera
Communications
Inc
(
e)
4,244‌
92‌
$
14,698‌
Consumer
Products
-
0.18%
ACCO
Brands
Corp
36,988‌
338‌
Avery
Dennison
Corp
1,780‌
232‌
Church
&
Dwight
Co
Inc
460‌
32‌
Clorox
Co/The
235‌
35‌
Kimberly-Clark
Corp
1,310‌
179‌
Spectrum
Brands
Holdings
Inc
14,079‌
880‌
$
1,696‌
Cosmetics
&
Personal
Care
-
0.36%
Colgate-Palmolive
Co
(
b)
16,469‌
1,116‌
Coty
Inc
54,502‌
629‌
Edgewell
Personal
Care
Co
(
e)
3,197‌
100‌
Estee
Lauder
Cos
Inc/
The
(
b)
1,667‌
326‌
Procter
&
Gamble
Co/
The
(
b)
10,161‌
1,241‌
$
3,412‌
Distribution
&
Wholesale
-
0.15%
Copart
Inc
(
e)
2,144‌
190‌
Diploma
PLC
11,276‌
269‌
Fastenal
Co
8,150‌
290‌
LKQ
Corp
(
b),(e)
7,943‌
280‌
Toyota
Tsusho
Corp
4,100‌
144‌
WW
Grainger
Inc
(
b)
600‌
190‌
$
1,363‌
Diversified
Financial
Services
-
1.69%
Affiliated
Managers
Group
Inc
1,288‌
110‌
Alliance
Data
Systems
Corp
(
b)
1,188‌
127‌
American
Express
Co
(
b)
9,035‌
1,086‌
Ameriprise
Financial
Inc
249‌
41‌
Ares
Management
Corp
1,156‌
38‌
B.
Riley
Financial
Inc
4,001‌
117‌
BlackRock
Inc
(
b)
3,533‌
1,749‌
Capital
One
Financial
Corp
(
b)
2,373‌
237‌
Charles
Schwab
Corp/The
11,351‌
562‌
CI
Financial
Corp
10,700‌
169‌
Credit
Acceptance
Corp
(
e)
1,113‌
479‌
Deluxe
Corp
3,732‌
191‌
Discover
Financial
Services
(
b)
6,961‌
591‌
Ditech
Holding
Corp
-
Warrants
(
e),(g)
6,987‌
—‌
Ditech
Holding
Corp
-
Warrants
(
e),(g)
4,425‌
—‌
Eaton
Vance
Corp
(
b)
14,602‌
689‌
ECN
Capital
Corp
26,167‌
88‌
Element
Comm
Aviation
(
e),(g),(h),(
i
)
280‌
2,419‌
Euronext
NV
(
f)
2,031‌
153‌
Franklin
Resources
Inc
(
b)
12,944‌
356‌
Greenhill
&
Co
Inc
4,829‌
82‌
Hamilton
Lane
Inc
1,388‌
80‌
Hannon
Armstrong
Sustainable
Infrastructure
Capital
Inc
2,908‌
85‌
Hargreaves
Lansdown
PLC
6,562‌
157‌
Hypoport
AG
(
e)
652‌
209‌
Intercontinental
Exchange
Inc
(
b)
1,046‌
98‌
Invesco
Ltd
(
b)
10,369‌
182‌
LPL
Financial
Holdings
Inc
244‌
23‌
Mastercard
Inc
(
b)
1,975‌
577‌
Moelis
&
Co
2,553‌
84‌
Nasdaq
Inc
(
b)
4,090‌
429‌
Navient
Corp
6,405‌
92‌
PRA
Group
Inc
(
e)
5,955‌
218‌
Raymond
James
Financial
Inc
259‌
23‌
Sanne
Group
PLC
16,939‌
141‌
SEI
Investments
Co
(
b)
12,605‌
813‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Diversified
Financial
Services
(continued)
Singapore
Exchange
Ltd
20,000‌
$
129‌
Synchrony
Financial
25,477‌
953‌
T
Rowe
Price
Group
Inc
(
b)
6,084‌
752‌
Visa
Inc
(
b)
5,620‌
1,037‌
VZ
Holding
AG
563‌
168‌
Western
Union
Co/
The
(
b)
10,885‌
293‌
$
15,827‌
Electric
-
0.47%
AES
Corp/VA
1,245‌
24‌
Duke
Energy
Corp
239‌
21‌
Endesa
SA
13,435‌
365‌
Evergy
Inc
430‌
27‌
Exelon
Corp
475‌
21‌
FirstEnergy
Corp
286‌
14‌
Fortum
Oyj
12,366‌
291‌
Meridian
Energy
Ltd
75,960‌
230‌
NRG
Energy
Inc
(
b)
55,117‌
2,190‌
Red
Electrica
Corp
SA
30,240‌
590‌
RWE
AG
6,750‌
200‌
Southern
Co/The
1,965‌
122‌
Terna
Rete
Elettrica
Nazionale
SpA
317‌
2‌
Vistra
Energy
Corp
11,725‌
311‌
$
4,408‌
Electrical
Components
&
Equipment
-
0.40%
Acuity
Brands
Inc
(
b)
1,500‌
196‌
AMETEK
Inc
(
b)
7,409‌
733‌
Belden
Inc
10,793‌
580‌
Emerson
Electric
Co
(
b)
13,817‌
1,021‌
Energizer
Holdings
Inc
1,922‌
96‌
EnerSys
2,737‌
192‌
Legrand
SA
5,975‌
472‌
Prysmian
SpA
7,507‌
171‌
Schneider
Electric
SE
3,281‌
316‌
$
3,777‌
Electronics
-
1.06%
Allegion
PLC
1,899‌
228‌
Alps
Alpine
Co
Ltd
13,200‌
298‌
Amphenol
Corp
591‌
61‌
API
Group
Corp
(
e),(f)
23,196‌
225‌
Assa
Abloy
AB
19,965‌
474‌
Celestica
Inc
(
e)
17,129‌
133‌
Electrocomponents
PLC
21,950‌
185‌
Flex
Ltd
(
e)
6,712‌
80‌
FLIR
Systems
Inc
255‌
14‌
Fortive
Corp
5,546‌
400‌
Garmin
Ltd
(
b)
10,528‌
1,028‌
GoPro
Inc
(
e)
20,253‌
82‌
Halma
PLC
7,228‌
197‌
Hitachi
High-Technologies
Corp
33,438‌
2,184‌
Honeywell
International
Inc
(
b)
17,560‌
3,135‌
Keysight
Technologies
Inc
(
e)
352‌
38‌
LEM
Holding
SA
82‌
110‌
nVent
Electric
PLC
3,185‌
79‌
Rotork
PLC
42,547‌
180‌
TE
Connectivity
Ltd
6,516‌
604‌
Yokogawa
Electric
Corp
9,200‌
169‌
$
9,904‌
Engineering
&
Construction
-
0.62%
Alten
SA
2,126‌
246‌
API
Group
Corp
-
Warrants
(
e)
1‌
—‌
Argan
Inc
3,534‌
129‌
Badger
Daylighting
Ltd
2,276‌
62‌
CIMIC
Group
Ltd
11,271‌
257‌
Dycom
Industries
Inc
(
e)
1,966‌
102‌
Eiffage
SA
3,842‌
419‌
HOCHTIEF
AG
8,325‌
1,022‌
Jacobs
Engineering
Group
Inc
(
b)
7,596‌
699‌
JGC
Holdings
Corp
21,800‌
317‌
Lendlease
Group
7,594‌
100‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
67
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Engineering
&
Construction
(continued)
Obayashi
Corp
34,200‌
$
363‌
Singapore
Technologies
Engineering
Ltd
106,100‌
321‌
Taisei
Corp
23,200‌
911‌
Toshiba
Plant
Systems
&
Services
Corp
23,130‌
564‌
Vinci
SA
2,510‌
274‌
$
5,786‌
Entertainment
-
0.26%
Cineworld
Group
PLC
61,992‌
167‌
Deluxe
Entertainment
(
e)
67,048‌
285‌
Genting
Singapore
Ltd
743,600‌
503‌
GVC
Holdings
PLC
2,008‌
22‌
Marriott
Vacations
Worldwide
Corp
2,853‌
351‌
Monarch
Casino
&
Resort
Inc
(
e)
1,735‌
79‌
OPAP
SA
17,795‌
218‌
Sankyo
Co
Ltd
18,700‌
633‌
Vail
Resorts
Inc
562‌
136‌
$
2,394‌
Environmental
Control
-
0.09%
Pentair
PLC
3,579‌
159‌
Republic
Services
Inc
(
b)
6,190‌
548‌
Waste
Management
Inc
822‌
93‌
$
800‌
Food
-
0.93%
Ajinomoto
Co
Inc
25,132‌
419‌
Associated
British
Foods
PLC
1,804‌
60‌
B&G
Foods
Inc
6,731‌
111‌
Conagra
Brands
Inc
(
b)
913‌
26‌
Cranswick
PLC
6,271‌
254‌
General
Mills
Inc
(
b)
4,515‌
241‌
Hershey
Co/The
392‌
58‌
Hostess
Brands
Inc
(
e)
6,318‌
85‌
JM
Smucker
Co/The
213‌
22‌
Kellogg
Co
(
b)
3,007‌
196‌
Koninklijke
Ahold
Delhaize
NV
33,064‌
852‌
Kraft
Heinz
Co/
The
(
b)
29,458‌
898‌
Kroger
Co/The
1,503‌
41‌
Lamb
Weston
Holdings
Inc
2,572‌
216‌
Mondelez
International
Inc
(
b)
18,101‌
951‌
Performance
Food
Group
Co
(
e)
2,651‌
125‌
Post
Holdings
Inc
(
e)
18,710‌
1,976‌
Seven
&
i
Holdings
Co
Ltd
16,900‌
631‌
Sysco
Corp
(
b)
15,044‌
1,212‌
Tesco
PLC
59,664‌
177‌
Tyson
Foods
Inc
685‌
62‌
Viscofan
SA
2,281‌
121‌
$
8,734‌
Food
Service
-
0.05%
Compass
Group
PLC
19,897‌
488‌
Forest
Products
&
Paper
-
0.09%
International
Paper
Co
(
b)
5,988‌
277‌
Schweitzer-Mauduit
International
Inc
2,593‌
114‌
Smurfit
Kappa
Group
PLC
11,378‌
404‌
$
795‌
Gas
-
0.11%
Centrica
PLC
82,983‌
86‌
Osaka
Gas
Co
Ltd
29,600‌
555‌
Tokyo
Gas
Co
Ltd
3,300‌
80‌
UGI
Corp
6,655‌
290‌
$
1,011‌
Hand
&
Machine
Tools
-
0.02%
Kennametal
Inc
2,922‌
102‌
Snap-on
Inc
103‌
16‌
Stanley
Black
&
Decker
Inc
285‌
45‌
$
163‌
Healthcare
-
Products
-
1.11%
ABIOMED
Inc
(
b),(e)
1,106‌
217‌
Align
Technology
Inc
(
b),(e)
200‌
56‌
Carl
Zeiss
Meditec
AG
610‌
75‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Products
(continued)
Cellavision
AB
3,037‌
$
98‌
Cochlear
Ltd
4,880‌
773‌
Danaher
Corp
(
b)
1,346‌
197‌
DiaSorin
SpA
1,477‌
197‌
Edwards
Lifesciences
Corp
(
b),(e)
861‌
211‌
Elekta
AB
7,561‌
95‌
Globus
Medical
Inc
(
e)
1,186‌
66‌
Haemonetics
Corp
(
e)
3,277‌
395‌
Henry
Schein
Inc
(
b),(e)
274‌
19‌
Hill-Rom
Holdings
Inc
1,086‌
116‌
Hologic
Inc
(
e)
7,534‌
387‌
Insulet
Corp
(
e)
2,693‌
500‌
Koninklijke
Philips
NV
12,684‌
589‌
Medacta
Group
SA
(
e),(f)
1,248‌
105‌
Medtronic
PLC
(
b)
8,131‌
906‌
Natus
Medical
Inc
(
e)
2,437‌
78‌
Olympus
Corp
13,600‌
202‌
OraSure
Technologies
Inc
(
e)
6,383‌
52‌
QIAGEN
NV
(
e)
29,742‌
1,273‌
QIAGEN
NV
(
e)
25,491‌
1,091‌
Sartorius
Stedim
Biotech
563‌
89‌
STERIS
PLC
1,755‌
265‌
Sysmex
Corp
4,800‌
333‌
Tandem
Diabetes
Care
Inc
(
e)
1,878‌
130‌
Thermo
Fisher
Scientific
Inc
(
b)
2,229‌
700‌
Varian
Medical
Systems
Inc
(
b),(e)
8,956‌
1,197‌
$
10,412‌
Healthcare
-
Services
-
0.60%
Anthem
Inc
(
b)
476‌
137‌
Centene
Corp
(
b),(e)
10,727‌
649‌
DaVita
Inc
(
b),(e)
3,471‌
249‌
HCA
Healthcare
Inc
2,676‌
371‌
Humana
Inc
(
b)
3,973‌
1,355‌
IQVIA
Holdings
Inc
(
e)
4,392‌
641‌
Laboratory
Corp
of
America
Holdings
(
e)
2,061‌
355‌
Lonza
Group
AG
(
e)
1,068‌
363‌
Orpea
1,824‌
226‌
PeptiDream
Inc
(
e)
300‌
14‌
Quest
Diagnostics
Inc
(
b)
2,881‌
307‌
Sonic
Healthcare
Ltd
1,948‌
40‌
UnitedHealth
Group
Inc
(
b)
1,871‌
524‌
Universal
Health
Services
Inc
(
b)
2,104‌
293‌
WellCare
Health
Plans
Inc
(
e)
416‌
134‌
$
5,658‌
Holding
Companies
-
Diversified
-
0.07%
CK
Hutchison
Holdings
Ltd
17,500‌
159‌
New
Frontier
Corp
(
e)
34,100‌
350‌
US
Well
Services
Inc
-
Warrants
(
e)
103,668‌
22‌
Washington
H
Soul
Pattinson
&
Co
Ltd
6,152‌
93‌
$
624‌
Home
Builders
-
0.44%
Berkeley
Group
Holdings
PLC
7,911‌
469‌
Cairn
Homes
PLC
197,971‌
265‌
Cavco
Industries
Inc
(
e)
469‌
94‌
DR
Horton
Inc
691‌
38‌
Glenveagh
Properties
PLC
(
e),(f)
230,143‌
203‌
Installed
Building
Products
Inc
(
e)
1,405‌
101‌
Kaufman
&
Broad
SA
4,020‌
162‌
LCI
Industries
279‌
30‌
Lennar
Corp
-
A
Shares
4,252‌
254‌
NVR
Inc
(
b),(e)
475‌
1,801‌
Persimmon
PLC
11,568‌
382‌
PulteGroup
Inc
(
b)
2,500‌
99‌
Skyline
Champion
Corp
(
e)
6,869‌
228‌
$
4,126‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
68
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Home
Furnishings
-
0.04%
Hoshizaki
Corp
600‌
$
52‌
Leggett
&
Platt
Inc
2,802‌
147‌
Whirlpool
Corp
1,341‌
192‌
$
391‌
Housewares
-
0.07%
Newell
Brands
Inc
(
b)
32,205‌
619‌
Insurance
-
2.24%
Admiral
Group
PLC
17,435‌
482‌
Aflac
Inc
(
b)
1,788‌
98‌
Alleghany
Corp
(
e)
1,962‌
1,530‌
Allianz
SE
1,463‌
350‌
Allstate
Corp/The
720‌
80‌
American
International
Group
Inc
1,631‌
86‌
Aon
PLC
439‌
89‌
Arthur
J
Gallagher
&
Co
(
b)
4,301‌
401‌
Assurant
Inc
(
b)
1,602‌
213‌
Beazley
PLC
22,659‌
156‌
Berkshire
Hathaway
Inc
-
Class
B
(
b),(e)
19,006‌
4,187‌
Chubb
Ltd
(
b)
1,204‌
182‌
Cincinnati
Financial
Corp
(
b)
5,936‌
636‌
CNP
Assurances
31,364‌
619‌
Direct
Line
Insurance
Group
PLC
27,649‌
109‌
Everest
Re
Group
Ltd
76‌
21‌
Fidelity
National
Financial
Inc
(
b)
31,550‌
1,502‌
First
American
Financial
Corp
6,087‌
387‌
Globe
Life
Inc
1,261‌
130‌
Hartford
Financial
Services
Group
Inc/
The
(
b)
7,326‌
453‌
Insurance
Australia
Group
Ltd
288,150‌
1,541‌
James
River
Group
Holdings
Ltd
2,382‌
94‌
Japan
Post
Holdings
Co
Ltd
3,600‌
34‌
Lancashire
Holdings
Ltd
9,600‌
92‌
Lincoln
National
Corp
372‌
22‌
Loews
Corp
560‌
29‌
Markel
Corp
(
b),(e)
1,226‌
1,392‌
Marsh
&
McLennan
Cos
Inc
10,030‌
1,084‌
MBIA
Inc
(
e)
8,587‌
80‌
Medibank
Pvt
Ltd
28,877‌
64‌
MetLife
Inc
2,206‌
110‌
NMI
Holdings
Inc
(
e)
3,250‌
109‌
NN
Group
NV
2,125‌
82‌
Progressive
Corp/
The
(
b)
8,976‌
656‌
Prudential
Financial
Inc
215‌
20‌
Radian
Group
Inc
5,027‌
130‌
RSA
Insurance
Group
PLC
16,325‌
116‌
Sampo
Oyj
25,371‌
1,026‌
Sony
Financial
Holdings
Inc
18,611‌
432‌
Third
Point
Reinsurance
Ltd
(
e)
7,017‌
67‌
Travelers
Cos
Inc/
The
(
b)
2,829‌
387‌
Unum
Group
462‌
14‌
White
Mountains
Insurance
Group
Ltd
266‌
295‌
Willis
Towers
Watson
PLC
7,152‌
1,405‌
$
20,992‌
Internet
-
1.82%
Adevinta
ASA
-
B
Shares
(
e)
97,490‌
1,012‌
Alphabet
Inc
-
A
Shares
(
b),(e)
2,076‌
2,707‌
Amazon.com
Inc
(
b),(e)
1,149‌
2,069‌
Booking
Holdings
Inc
(
b),(e)
851‌
1,621‌
Cardlytics
Inc
(
e)
698‌
39‌
CDW
Corp/
DE
(
b)
1,070‌
144‌
Cerved
Group
SpA
21,957‌
218‌
DraftKings
Inc
(
e),(g),(h),(
i
)
54,277‌
172‌
eBay
Inc
(
b)
21,232‌
754‌
Expedia
Group
Inc
1,596‌
163‌
F5
Networks
Inc
(
b),(e)
191‌
28‌
Facebook
Inc
(
b),(e)
13,880‌
2,800‌
GoDaddy
Inc
(
e)
4,093‌
271‌
JD.com
Inc
ADR
(e)
12,622‌
412‌
Klarna
Holding
AB
(
e),(g),(h),(
i
)
808‌
191‌
Limelight
Networks
Inc
(
e)
14,128‌
60‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Internet
(continued)
Mimecast
Ltd
(
e)
3,323‌
$
147‌
MonotaRO
Co
Ltd
6,400‌
180‌
Palo
Alto
Networks
Inc
(
e)
2,543‌
578‌
Pinterest
Inc
(
e),(
i
)
13,008‌
253‌
Scout24
AG
(
f)
19,058‌
1,180‌
Spotify
Technology
SA
(
e)
2,411‌
344‌
Trip.com
Group
Ltd
ADR
(e)
4,588‌
153‌
TripAdvisor
Inc
(
b)
1,510‌
43‌
Uber
Technologies
Inc
(
e)
5,882‌
174‌
VeriSign
Inc
(
b),(e)
1,550‌
296‌
Z
Holdings
Corp
308,663‌
1,064‌
$
17,073‌
Investment
Companies
-
0.08%
Wendel
SA
5,205‌
701‌
Iron
&
Steel
-
0.17%
Carpenter
Technology
Corp
2,249‌
118‌
Evraz
PLC
157,080‌
752‌
Fortescue
Metals
Group
Ltd
9,456‌
63‌
Hitachi
Metals
Ltd
45,342‌
635‌
Nucor
Corp
568‌
32‌
$
1,600‌
Leisure
Products
&
Services
-
0.36%
BRP
Inc
3,026‌
148‌
Carnival
Corp
(
b)
17,810‌
803‌
CTS
Eventim
AG
&
Co
KGaA
4,052‌
247‌
Harley-Davidson
Inc
2,981‌
108‌
Malibu
Boats
Inc
(
e)
2,584‌
102‌
MIPS
AB
6,321‌
119‌
Norwegian
Cruise
Line
Holdings
Ltd
(
e)
4,206‌
226‌
Peloton
Interactive
Inc
(
e)
3,000‌
106‌
Planet
Fitness
Inc
(
e)
3,782‌
280‌
Shimano
Inc
6,400‌
1,036‌
Thule
Group
AB
(
f)
7,447‌
162‌
$
3,337‌
Lodging
-
0.15%
Choice
Hotels
International
Inc
5,921‌
576‌
Hilton
Worldwide
Holdings
Inc
(
b)
5,370‌
564‌
InterContinental
Hotels
Group
PLC
1,048‌
67‌
Marriott
International
Inc/MD
613‌
86‌
MGM
Resorts
International
2,068‌
66‌
Wynn
Macau
Ltd
16,800‌
37‌
$
1,396‌
Machinery
-
Construction
&
Mining
-
0.09%
Astec
Industries
Inc
2,438‌
92‌
Caterpillar
Inc
(
b)
1,045‌
151‌
Mitsubishi
Heavy
Industries
Ltd
400‌
15‌
Sandvik
AB
29,959‌
545‌
$
803‌
Machinery
-
Diversified
-
0.82%
Atlas
Copco
AB
-
A
Shares
6,630‌
243‌
Chart
Industries
Inc
(
e)
1,365‌
75‌
Cummins
Inc
(
b)
4,098‌
750‌
Curtiss-Wright
Corp
784‌
108‌
Dover
Corp
(
b)
9,122‌
1,017‌
Flowserve
Corp
(
b)
3,818‌
186‌
Hexagon
AB
11,790‌
667‌
Ichor
Holdings
Ltd
(
e)
3,348‌
106‌
IDEX
Corp
(
b)
11,142‌
1,813‌
Inficon
Holding
AG
184‌
133‌
Interpump
Group
SpA
6,106‌
191‌
Kone
Oyj
4,768‌
298‌
Kubota
Corp
17,000‌
262‌
Marel
HF
(
e),(f)
23,772‌
123‌
Rockwell
Automation
Inc
2,522‌
494‌
Roper
Technologies
Inc
(
b)
1,181‌
426‌
Spirax-Sarco
Engineering
PLC
1,145‌
132‌
Stabilus
SA
2,674‌
173‌
Washtec
AG
2,974‌
173‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
69
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Machinery
-
Diversified
(continued)
Westinghouse
Air
Brake
Technologies
Corp
3,804‌
$
299‌
Xylem
Inc/NY
338‌
26‌
$
7,695‌
Media
-
0.86%
CBS
Corp
(
b)
700‌
28‌
Charter
Communications
Inc
(
b),(e)
2,979‌
1,400‌
Comcast
Corp
-
Class
A
(
b)
51,665‌
2,281‌
Discovery
Inc
-
A
Shares
(
e)
1,331‌
44‌
Discovery
Inc
-
C
Shares
(
b),(e)
24,249‌
740‌
FactSet
Research
Systems
Inc
771‌
200‌
Fox
Corp
-
A
Shares
(
b)
16,090‌
575‌
iHeartMedia
Inc
(
e)
18,582‌
286‌
Liberty
Global
PLC
-
C
Shares
(
e)
14,595‌
314‌
Quebecor
Inc
6,400‌
159‌
TEGNA
Inc
5,922‌
91‌
Telenet
Group
Holding
NV
5,335‌
241‌
Viacom
Inc
-
B
Shares
(
b)
10,485‌
252‌
Walt
Disney
Co/
The
(
b)
5,649‌
856‌
Wolters
Kluwer
NV
8,530‌
613‌
$
8,080‌
Metal
Fabrication
&
Hardware
-
0.06%
Advanced
Drainage
Systems
Inc
3,556‌
136‌
Rexnord
Corp
(
e)
9,148‌
289‌
Troax
Group
AB
11,921‌
143‌
$
568‌
Mining
-
0.30%
BHP
Group
Ltd
26,132‌
674‌
BHP
Group
PLC
42,017‌
931‌
Compass
Minerals
International
Inc
1,620‌
90‌
Franco-Nevada
Corp
1,700‌
167‌
Kirkland
Lake
Gold
Ltd
6,700‌
281‌
Rio
Tinto
PLC
6,788‌
369‌
South32
Ltd
21,007‌
38‌
Teck
Resources
Ltd
17,100‌
268‌
$
2,818‌
Miscellaneous
Manufacturers
-
0.59%
3M
Co
(
b)
9,772‌
1,659‌
Actuant
Corp
7,327‌
180‌
Alstom
SA
4,841‌
211‌
AO
Smith
Corp
306‌
15‌
Eaton
Corp
PLC
(
b)
9,093‌
841‌
Haynes
International
Inc
1,309‌
48‌
Illinois
Tool
Works
Inc
(
b)
7,683‌
1,339‌
Ingersoll-Rand
PLC
(
b)
7,092‌
930‌
ITT
Inc
2,764‌
193‌
Parker-Hannifin
Corp
(
b)
241‌
48‌
Sturm
Ruger
&
Co
Inc
1,723‌
79‌
$
5,543‌
Office
&
Business
Equipment
-
0.06%
Xerox
Holdings
Corp
(
b)
5,676‌
221‌
Zebra
Technologies
Corp
(
b),(e)
1,490‌
374‌
$
595‌
Office
Furnishings
-
0.01%
Knoll
Inc
3,929‌
108‌
Oil
&
Gas
-
1.06%
Aker
BP
ASA
913‌
26‌
Apache
Corp
2,107‌
47‌
Bellatrix
Exploration
Ltd
(
e),(g),(h)
94,641‌
—‌
Chevron
Corp
(
b)
14,607‌
1,711‌
ConocoPhillips
(
b)
27,460‌
1,646‌
CVR
Energy
Inc
518‌
23‌
DCC
PLC
63‌
5‌
Devon
Energy
Corp
(
b)
10,025‌
220‌
Dommo
Energia
SA
ADR
(e)
269‌
3‌
Encana
Corp
24,800‌
97‌
EOG
Resources
Inc
(
b)
4,600‌
326‌
Equinor
ASA
2,007‌
37‌
Helmerich
&
Payne
Inc
(
b)
2,811‌
111‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Oil
&
Gas
(continued)
HollyFrontier
Corp
(
b)
6,139‌
$
316‌
JXTG
Holdings
Inc
166,672‌
741‌
Lundin
Petroleum
AB
15,152‌
467‌
Marathon
Petroleum
Corp
(
b)
13,835‌
839‌
Neste
Oyj
14,348‌
485‌
Occidental
Petroleum
Corp
(
b)
12,400‌
478‌
OMV
AG
2,184‌
124‌
Phillips
66
(
b)
8,790‌
1,008‌
PrairieSky
Royalty
Ltd
4,900‌
51‌
Royal
Dutch
Shell
PLC
-
A
Shares
10,085‌
289‌
Suncor
Energy
Inc
5,200‌
162‌
Valero
Energy
Corp
6,125‌
585‌
Viper
Energy
Partners
LP
1,752‌
42‌
Whiting
Petroleum
Corp
(
e)
14,653‌
67‌
$
9,906‌
Oil
&
Gas
Services
-
0.07%
DMC
Global
Inc
2,124‌
98‌
Halliburton
Co
1,642‌
34‌
John
Wood
Group
PLC
30,737‌
140‌
National
Oilwell
Varco
Inc
(
b)
140‌
3‌
TechnipFMC
PLC
(
b)
9,513‌
179‌
TGS
NOPEC
Geophysical
Co
ASA
6,695‌
191‌
Thermon
Group
Holdings
Inc
(
e)
960‌
25‌
$
670‌
Packaging
&
Containers
-
0.36%
Amcor
PLC
3,035‌
31‌
Ball
Corp
12,362‌
817‌
Graphic
Packaging
Holding
Co
38,836‌
632‌
Packaging
Corp
of
America
(
b)
2,454‌
274‌
Sealed
Air
Corp
(
b)
31,123‌
1,174‌
Vidrala
SA
2,663‌
261‌
Westrock
Co
(
b)
5,111‌
206‌
$
3,395‌
Pharmaceuticals
-
2.31%
AbbVie
Inc
(
b)
47,875‌
4,200‌
Aerie
Pharmaceuticals
Inc
(
e)
2,237‌
43‌
Aimmune
Therapeutics
Inc
(
e)
3,848‌
107‌
Allergan
PLC
619‌
115‌
AmerisourceBergen
Corp
(
b)
644‌
57‌
Ascendis
Pharma
A/
S
ADR
(e)
304‌
35‌
Astellas
Pharma
Inc
38,200‌
652‌
AstraZeneca
PLC
2,917‌
282‌
AstraZeneca
PLC
ADR
3,258‌
158‌
Bristol-Myers
Squibb
Co
-
CVR
(b
),(
e)
18,722‌
40‌
Bristol-Myers
Squibb
Co
(
b)
42,845‌
2,440‌
China
Biologic
Products
Holdings
Inc
(
e)
9,106‌
1,062‌
Cigna
Corp
(
b)
701‌
140‌
CVS
Health
Corp
(
b)
33,892‌
2,551‌
DexCom
Inc
(
e)
645‌
147‌
Elanco
Animal
Health
Inc
(
e)
6,732‌
187‌
Eli
Lilly
&
Co
88‌
10‌
Galapagos
NV
(
e)
810‌
159‌
Galapagos
NV
ADR
(e)
514‌
101‌
GlaxoSmithKline
PLC
749‌
17‌
Global
Blood
Therapeutics
Inc
(
e)
1,430‌
95‌
Ipsen
SA
1,179‌
133‌
Jazz
Pharmaceuticals
PLC
(
b),(e)
958‌
145‌
Johnson
&
Johnson
(
b)
12,364‌
1,699‌
KalVista
Pharmaceuticals
Inc
(
e)
3,953‌
57‌
Kyowa
Kirin
Co
Ltd
14,987‌
318‌
McKesson
Corp
(
b)
477‌
69‌
Merck
&
Co
Inc
(
b)
10,560‌
920‌
Mylan
NV
(
e)
10,249‌
192‌
MyoKardia
Inc
(
e)
600‌
39‌
Novartis
AG
5,394‌
497‌
Novo
Nordisk
A/S
7,203‌
405‌
Odonate
Therapeutics
Inc
(
e)
1,847‌
64‌
Otsuka
Holdings
Co
Ltd
1,100‌
48‌
Pfizer
Inc
(
b)
33,846‌
1,304‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
70
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pharmaceuticals
(continued)
PRA
Health
Sciences
Inc
(
e)
950‌
$
103‌
Rhythm
Pharmaceuticals
Inc
(
e)
3,260‌
73‌
Roche
Holding
AG
8,710‌
2,686‌
Shionogi
&
Co
Ltd
600‌
35‌
UCB
SA
2,544‌
206‌
$
21,591‌
Pipelines
-
0.04%
Enterprise
Products
Partners
LP
813‌
22‌
Kinder
Morgan
Inc/DE
4,245‌
83‌
Magellan
Midstream
Partners
LP
244‌
14‌
Plains
GP
Holdings
LP
(
e)
1,162‌
20‌
TC
Energy
Corp
5,200‌
263‌
$
402‌
Private
Equity
-
0.03%
3i
Group
PLC
3,228‌
45‌
Blackstone
Group
Inc/The
2,702‌
146‌
Kennedy-Wilson
Holdings
Inc
4,098‌
93‌
$
284‌
Real
Estate
-
0.16%
Aedas
Homes
SAU
(
e),(f)
9,018‌
205‌
Catena
AB
5,682‌
235‌
CBRE
Group
Inc
(
e)
6,637‌
379‌
CK
Asset
Holdings
Ltd
20,500‌
136‌
ESR
Cayman
Ltd
(
e),(f)
62,200‌
129‌
LEG
Immobilien
AG
1,730‌
195‌
McGrath
RentCorp
1,168‌
86‌
Mitsubishi
Estate
Co
Ltd
7,700‌
141‌
WE
Company
Common
Class
A
(
e),(g),(h),(
i
)
356‌
3‌
$
1,509‌
REITs
-
0.69%
Agree
Realty
Corp
2,215‌
166‌
Alexandria
Real
Estate
Equities
Inc
212‌
34‌
American
Tower
Corp
1,822‌
390‌
Apartment
Investment
&
Management
Co
279‌
15‌
AvalonBay
Communities
Inc
261‌
56‌
Boston
Properties
Inc
290‌
40‌
CoreCivic
Inc
5,425‌
82‌
Dexus
1,657‌
14‌
Digital
Realty
Trust
Inc
391‌
47‌
Duke
Realty
Corp
686‌
24‌
Easterly
Government
Properties
Inc
4,531‌
105‌
Equity
Residential
743‌
63‌
Essex
Property
Trust
Inc
126‌
39‌
Extra
Space
Storage
Inc
242‌
26‌
Federal
Realty
Investment
Trust
141‌
19‌
Goodman
Group
11,129‌
111‌
Healthpeak
Properties
Inc
928‌
32‌
Hersha
Hospitality
Trust
4,183‌
59‌
Hibernia
REIT
plc
120,644‌
194‌
Host
Hotels
&
Resorts
Inc
(
b)
34,009‌
595‌
Iron
Mountain
Inc
692‌
22‌
Japan
Retail
Fund
Investment
Corp
67‌
153‌
Kimco
Realty
Corp
792‌
17‌
Mid-America
Apartment
Communities
Inc
2,218‌
302‌
Monmouth
Real
Estate
Investment
Corp
6,726‌
103‌
Outfront
Media
Inc
3,100‌
77‌
Pebblebrook
Hotel
Trust
3,151‌
83‌
PotlatchDeltic
Corp
5,766‌
250‌
Prologis
Inc
(
b)
12,489‌
1,143‌
Public
Storage
1,681‌
355‌
Realty
Income
Corp
971‌
74‌
RPT
Realty
8,058‌
119‌
Segro
PLC
15,291‌
177‌
Simon
Property
Group
Inc
(
b)
5,587‌
845‌
UDR
Inc
842‌
41‌
Ventas
Inc
699‌
41‌
Vicinity
Centres
198,049‌
359‌
Welltower
Inc
761‌
64‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
(continued)
Xenia
Hotels
&
Resorts
Inc
3,739‌
$
79‌
$
6,415‌
Retail
-
2.91%
ABC-Mart
Inc
4,100‌
273‌
Advance
Auto
Parts
Inc
(
b)
7,534‌
1,183‌
AutoZone
Inc
(
b),(e)
1,871‌
2,204‌
Best
Buy
Co
Inc
(
b)
835‌
68‌
Burlington
Stores
Inc
(
e)
654‌
147‌
CarMax
Inc
(
e)
4,902‌
477‌
Cheesecake
Factory
Inc/The
2,025‌
88‌
Children's
Place
Inc/The
1,894‌
137‌
Costco
Wholesale
Corp
(
b)
2,121‌
636‌
Darden
Restaurants
Inc
1,015‌
120‌
Dollar
General
Corp
(
b)
6,764‌
1,065‌
Dollarama
Inc
200‌
7‌
Domino's
Pizza
Inc
(
b)
400‌
118‌
DP
Eurasia
NV
(
e),(f)
24,184‌
18‌
Fast
Retailing
Co
Ltd
400‌
244‌
Five
Below
Inc
(
e)
1,954‌
242‌
Floor
&
Decor
Holdings
Inc
(
e)
5,356‌
257‌
Gap
Inc/The
7,140‌
119‌
Genuine
Parts
Co
3,093‌
323‌
Hennes
&
Mauritz
AB
18,017‌
348‌
Home
Depot
Inc/
The
(
b)
12,434‌
2,742‌
Jand
Inc
(
e),(g),(h),(
i
)
1,693‌
27‌
Kohl's
Corp
(
b)
3,393‌
160‌
Lowe's
Cos
Inc
(
b)
16,803‌
1,972‌
McDonald's
Corp
(
b)
1,727‌
335‌
McDonald's
Holdings
Co
Japan
Ltd
14,000‌
692‌
Michaels
Cos
Inc/
The
(
e)
8,557‌
70‌
Movado
Group
Inc
6,899‌
135‌
Next
PLC
3,912‌
342‌
Nitori
Holdings
Co
Ltd
2,700‌
423‌
Pandora
A/S
1,709‌
69‌
Panera
Bread
Co
(
e),(g),(h)
1,664‌
—‌
Ross
Stores
Inc
669‌
78‌
Starbucks
Corp
(
b)
9,686‌
828‌
Sundrug
Co
Ltd
6,000‌
211‌
Target
Corp
(
b)
16,941‌
2,117‌
Tiffany
&
Co
17,372‌
2,324‌
TJX
Cos
Inc/
The
(
b)
20,852‌
1,274‌
Tractor
Supply
Co
222‌
21‌
Ulta
Beauty
Inc
(
e)
109‌
26‌
Vera
Bradley
Inc
(
e)
5,872‌
65‌
Walgreens
Boots
Alliance
Inc
(
b)
23,213‌
1,384‌
Walmart
Inc
(
b)
20,097‌
2,393‌
Welcia
Holdings
Co
Ltd
9,500‌
583‌
Wesfarmers
Ltd
7,445‌
214‌
Yum!
Brands
Inc
(
b)
6,970‌
701‌
$
27,260‌
Savings
&
Loans
-
0.02%
OceanFirst
Financial
Corp
3,301‌
79‌
People's
United
Financial
Inc
736‌
12‌
Sterling
Bancorp/DE
5,469‌
112‌
$
203‌
Semiconductors
-
1.07%
Advanced
Micro
Devices
Inc
(
e)
9,270‌
363‌
Applied
Materials
Inc
(
b)
22,083‌
1,279‌
ASML
Holding
NV
2,153‌
584‌
Broadcom
Inc
(
b)
2,879‌
910‌
Entegris
Inc
1,155‌
55‌
FormFactor
Inc
(
e)
5,151‌
119‌
Hamamatsu
Photonics
KK
5,600‌
227‌
Intel
Corp
(
b)
8,587‌
498‌
KLA
Corp
3,263‌
535‌
Lam
Research
Corp
(
b)
4,448‌
1,187‌
Marvell
Technology
Group
Ltd
7,392‌
195‌
Maxim
Integrated
Products
Inc
7,848‌
445‌
Mellanox
Technologies
Ltd
(
e)
1,630‌
187‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
71
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Semiconductors
(continued)
NVIDIA
Corp
(
b)
2,100‌
$
455‌
Qorvo
Inc
(
b),(e)
3,588‌
374‌
QUALCOMM
Inc
(
b)
6,802‌
568‌
Renesas
Electronics
Corp
(
e)
111,007‌
724‌
Rohm
Co
Ltd
1,174‌
99‌
Silicon
Motion
Technology
Corp
ADR
2,066‌
92‌
SOITEC
(
e)
1,526‌
161‌
Texas
Instruments
Inc
(
b)
4,719‌
567‌
Tower
Semiconductor
Ltd
(
e)
14,452‌
317‌
Xperi
Corp
4,255‌
84‌
$
10,025‌
Software
-
2.25%
Activision
Blizzard
Inc
2,426‌
133‌
Adobe
Inc
(
e)
2,572‌
796‌
Akamai
Technologies
Inc
(
b),(e)
2,352‌
205‌
Allscripts
Healthcare
Solutions
Inc
(
e)
7,596‌
82‌
Avid
Technology
Inc
(
e)
10,255‌
81‌
Bandwidth
Inc
(
e)
2,665‌
149‌
Birst
Inc
(
e),(g),(h),(
i
)
21,065‌
1‌
Black
Knight
Inc
(
e)
6,546‌
412‌
Broadridge
Financial
Solutions
Inc
(
b)
214‌
26‌
Cadence
Design
Systems
Inc
(
b),(e)
10,100‌
709‌
CDK
Global
Inc
8,920‌
478‌
Cerner
Corp
(
b)
4,000‌
286‌
Change
Healthcare
Inc
(
e)
62,707‌
839‌
Citrix
Systems
Inc
(
b)
2,900‌
327‌
Cloudera
Inc
(
e)
12,392‌
122‌
Constellation
Software
Inc/Canada
596‌
637‌
CSG
Systems
International
Inc
1,787‌
102‌
Dassault
Systemes
SE
5,311‌
837‌
Dropbox
Inc
-
A
Shares
(
b),(e)
2,039‌
38‌
Electronic
Arts
Inc
(
b),(e)
774‌
78‌
Envestnet
Inc
(
e)
18,209‌
1,297‌
Fair
Isaac
Corp
(
e)
524‌
193‌
Fidelity
National
Information
Services
Inc
6,441‌
890‌
Five9
Inc
(
e)
1,290‌
88‌
Guidewire
Software
Inc
(
e)
3,072‌
374‌
HubSpot
Inc
(
e)
380‌
57‌
InterXion
Holding
NV
(
e)
4,442‌
378‌
Intuit
Inc
81‌
21‌
Jack
Henry
&
Associates
Inc
145‌
22‌
Microsoft
Corp
(
b)
33,782‌
5,114‌
MINDBODY
Inc
(
e),(g),(h)
9,229‌
337‌
MSCI
Inc
(
b)
2,966‌
769‌
Omnicell
Inc
(
e)
3,138‌
251‌
Oracle
Corp
(
b)
49,341‌
2,771‌
Paychex
Inc
939‌
81‌
PROS
Holdings
Inc
(
e)
931‌
58‌
ServiceNow
Inc
(
b),(e)
1,346‌
381‌
Slack
Technologies
Inc
(
e)
8,558‌
195‌
Splunk
Inc
(
e)
2,781‌
415‌
Tabula
Rasa
HealthCare
Inc
(
e)
1,588‌
71‌
Take-Two
Interactive
Software
Inc
(
b),(e)
2,089‌
253‌
TiVo
Corp
9,232‌
72‌
Ubisoft
Entertainment
SA
(
e)
2,218‌
135‌
Veeva
Systems
Inc
(
b),(e)
800‌
119‌
Workday
Inc
(
e)
2,322‌
416‌
$
21,096‌
Storage
&
Warehousing
-
0.01%
ID
Logistics
Group
(
e)
500‌
107‌
Telecommunications
-
1.39%
Arista
Networks
Inc
(
e)
1,536‌
300‌
AT&T
Inc
(
b)
76,016‌
2,841‌
Calix
Inc
(
e)
15,159‌
118‌
CenturyLink
Inc
(
b)
28,766‌
417‌
Cisco
Systems
Inc
(
b)
59,192‌
2,682‌
Deutsche
Telekom
AG
54,125‌
909‌
Harmonic
Inc
(
e)
14,389‌
119‌
Hellenic
Telecommunications
Organization
SA
14,014‌
210‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Telecommunications
(continued)
Hikari
Tsushin
Inc
100‌
$
23‌
HMS
Networks
AB
5,758‌
95‌
InterDigital
Inc
1,443‌
82‌
Juniper
Networks
Inc
639‌
16‌
Motorola
Solutions
Inc
(
b)
10,279‌
1,720‌
Oi
SA
ADR
(e)
83,466‌
88‌
Ooma
Inc
(
e)
5,756‌
80‌
Plantronics
Inc
3,502‌
89‌
Rogers
Communications
Inc
600‌
29‌
Sectra
AB
-
B
Shares
(
e)
3,537‌
147‌
Softbank
Corp
9,600‌
130‌
SoftBank
Group
Corp
14,800‌
576‌
Spark
New
Zealand
Ltd
7,108‌
21‌
Telefonica
Deutschland
Holding
AG
123,222‌
376‌
T-Mobile
US
Inc
(
b),(e)
1,206‌
95‌
Verizon
Communications
Inc
(
b)
30,677‌
1,848‌
$
13,011‌
Textiles
-
0.04%
Coats
Group
PLC
161,928‌
151‌
Mohawk
Industries
Inc
(
e)
1,525‌
213‌
$
364‌
Toys,
Games
&
Hobbies
-
0.04%
Games
Workshop
Group
PLC
2,293‌
170‌
Nintendo
Co
Ltd
500‌
193‌
$
363‌
Transportation
-
0.79%
Aurizon
Holdings
Ltd
59,726‌
234‌
Canadian
National
Railway
Co
4,570‌
415‌
Central
Japan
Railway
Co
1,800‌
364‌
CH
Robinson
Worldwide
Inc
253‌
19‌
CSX
Corp
(
b)
7,064‌
505‌
Dorian
LPG
Ltd
(
e)
20,122‌
289‌
East
Japan
Railway
Co
10,800‌
994‌
Expeditors
International
of
Washington
Inc
(
b)
5,326‌
398‌
Genesee
&
Wyoming
Inc
(
e)
7,039‌
784‌
JB
Hunt
Transport
Services
Inc
200‌
23‌
Kansas
City
Southern
186‌
28‌
Norfolk
Southern
Corp
(
b)
488‌
94‌
Scorpio
Tankers
Inc
9,293‌
320‌
SEACOR
Holdings
Inc
(
e)
4,773‌
202‌
Seibu
Holdings
Inc
36,200‌
639‌
Union
Pacific
Corp
(
b)
10,559‌
1,858‌
United
Parcel
Service
Inc
1,608‌
193‌
$
7,359‌
Trucking
&
Leasing
-
0.03%
GATX
Corp
3,617‌
292‌
Water
-
0.03%
Veolia
Environnement
SA
10,676‌
273‌
TOTAL
COMMON
STOCKS
$
386,927‌
CONVERTIBLE
PREFERRED
STOCKS
-
0.11%
Shares
Held
Value
(000's)
Agriculture
-
0.07%
Bunge
Ltd
4.88
%
(
j)
6,930‌
$
697‌
Internet
-
0.02%
Airbnb,
Inc
0.00
%
(
e),(g),(h),(
i
)
1,685‌
202‌
Oil
&
Gas
-
0.01%
Chesapeake
Energy
Corp
5.75
%
(
j)
355‌
49‌
Pipelines
-
0.00%
El
Paso
Energy
Capital
Trust
I
4.75%,
03/31/2028
452‌
22‌
Retail
-
0.01%
Jand
Inc
0.00
%
(
e),(g),(h),(
i
)
3,781‌
61‌
TOTAL
CONVERTIBLE
PREFERRED
STOCKS
$
1,031‌
PREFERRED
STOCKS
-
0.11%
Shares
Held
Value
(000's)
Automobile
Manufacturers
-
0.04%
Volkswagen
AG
4.86%
1,924‌
371‌
Chemicals
-
0.01%
FUCHS
PETROLUB
SE
0.95%
2,082‌
90‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
72
PREFERRED
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electrical
Components
&
Equipment
-
0.00%
Lithium
Technology
Corp
0.00
%
(
e),(g),(h),(
i
)
59,552‌
$
—‌
Internet
-
0.00%
Veracode
Inc
0.00
%
(
e),(g),(h),(
i
)
6,031‌
3‌
Private
Equity
-
0.03%
Forward
Venture
Services
LLC
0.00
%
(
e),(g),(h),(
i
)
54,650‌
306‌
Real
Estate
-
0.01%
WE
Company
Preferred
D-1
0.00
%
(
e),(g),(h),(
i
)
4,867‌
62‌
WE
Company
Preferred
D-2
0.00
%
(
e),(g),(h),(
i
)
3,824‌
48‌
$
110‌
Software
-
0.02%
Marklogic
Corp
0.00
%
(
e),(g),(h),(
i
)
14,832‌
142‌
TOTAL
PREFERRED
STOCKS
$
1,022‌
BONDS
-
38.51%
Principal
Amount
(000's)
Value
(000's)
Advertising
-
0.01%
Outfront
Media
Capital
LLC
/
Outfront
Media
Capital
Corp
4.63
%,
03
/15/2030
(f)
$
120‌
$
121‌
Aerospace
&
Defense
-
0.08%
Leonardo
US
Holdings
Inc
6.25
%,
01
/15/2040
(f)
716‌
784‌
Agriculture
-
0.28%
JBS
Investments
II
GmbH
7.00
%,
01
/15/2026
(f)
2,400‌
2,598‌
Airlines
-
0.15%
Latam
Airlines
2015-1
Pass
Through
Trust
B
4.50
%,
08
/15/2025
496‌
495‌
United
Airlines
2019-2
Class
B
Pass
Through
Trust
3.50
%,
11
/01/2029
925‌
939‌
$
1,434‌
Automobile
Asset
Backed
Securities
-
2.00%
ACC
Trust
2018-1
3.70
%,
12
/21/2020
(f)
12‌
12‌
Americredit
Automobile
Receivables
Trust
2018-2
4.01
%,
07
/18/2024
550‌
574‌
Americredit
Automobile
Receivables
Trust
2018-3
2.01
%,
01
/18/2022
330‌
330‌
1.00
x
1
Month
USD
LIBOR
+
0.25%
4.04
%,
11
/18/2024
670‌
703‌
AmeriCredit
Automobile
Receivables
Trust
2019-3
2.06
%,
04
/18/2024
330‌
330‌
Avid
Automobile
Receivables
Trust
2019-1
3.14
%,
07
/15/2026
(f)
150‌
150‌
CarMax
Auto
Owner
Trust
2018-1
3.37
%,
07
/15/2024
25‌
25‌
CarMax
Auto
Owner
Trust
2018-2
3.99
%,
04
/15/2025
320‌
330‌
Carmax
Auto
Owner
Trust
2018-4
4.15
%,
04
/15/2025
205‌
213‌
Carmax
Auto
Owner
Trust
2019-1
3.05
%,
03
/15/2024
1,415‌
1,440‌
Chesapeake
Funding
II
LLC
3.57
%,
04
/15/2030
(f)
175‌
179‌
3.71
%,
05
/15/2029
(f)
130‌
132‌
3.92
%,
04
/15/2030
(f)
455‌
466‌
CIG
AUTO
RECEIVABLES
TRUST
2017-1
2.71
%,
05
/15/2023
(f)
23‌
24‌
CPS
Auto
Receivables
Trust
2017-D
3.73
%,
09
/15/2023
(f)
190‌
193‌
CPS
Auto
Receivables
Trust
2018-A
3.05
%,
12
/15/2023
(f)
105‌
105‌
CPS
Auto
Receivables
Trust
2018-D
3.83
%,
09
/15/2023
(f)
330‌
337‌
Drive
Auto
Receivables
Trust
2018-1
3.81
%,
05
/15/2024
685‌
696‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Asset
Backed
Securities
(continued)
Drive
Auto
Receivables
Trust
2018-5
4.53
%,
04
/15/2026
$
420‌
$
435‌
Drive
Auto
Receivables
Trust
2019-1
4.09
%,
06
/15/2026
260‌
269‌
Drive
Auto
Receivables
Trust
2019-3
2.49
%,
06
/15/2023
205‌
206‌
DT
Auto
Owner
Trust
2016-1
4.66
%,
12
/15/2022
(f)
660‌
661‌
DT
Auto
Owner
Trust
2018-2
4.15
%,
03
/15/2024
(f)
290‌
298‌
DT
Auto
Owner
Trust
2018-3
3.79
%,
07
/15/2024
(f)
395‌
402‌
First
Investors
Auto
Owner
Trust
2016-2
3.35
%,
11
/15/2022
(f)
70‌
71‌
First
Investors
Auto
Owner
Trust
2019-2
2.80
%,
12
/15/2025
(f)
75‌
75‌
3.88
%,
01
/15/2026
(f)
175‌
175‌
Flagship
Credit
Auto
Trust
2015-1
3.76
%,
06
/15/2021
(f)
75‌
75‌
Flagship
Credit
Auto
Trust
2019-2
3.53
%,
05
/15/2025
(f)
520‌
531‌
Ford
Credit
Auto
Owner
Trust
2017-B
1.69
%,
11
/15/2021
938‌
937‌
GLS
Auto
Receivables
Issuer
Trust
2019-2
3.54
%,
02
/18/2025
(f)
785‌
802‌
Hertz
Vehicle
Financing
II
LP
3.29
%,
10
/25/2023
(f)
315‌
323‌
Honda
Auto
Receivables
2016-4
Owner
Trust
1.21
%,
12
/18/2020
133‌
133‌
Honda
Auto
Receivables
2017-3
Owner
Trust
1.79
%,
09
/20/2021
217‌
217‌
Motor
2017-1
PLC
2.24
%,
09
/25/2024
(f)
223‌
223‌
1.00
x
1
Month
USD
LIBOR
+
0.53%
Nissan
Auto
Receivables
2017-A
Owner
Trust
1.74
%,
08
/16/2021
155‌
155‌
Nissan
Auto
Receivables
2018-A
Owner
Trust
2.65
%,
05
/16/2022
745‌
748‌
Prestige
Auto
Receivables
Trust
2016-1
5.15
%,
11
/15/2021
(f)
815‌
830‌
Prestige
Auto
Receivables
Trust
2019-1
3.90
%,
05
/15/2026
(f)
145‌
147‌
Santander
Drive
Auto
Receivables
Trust
2018-2
3.88
%,
02
/15/2024
800‌
819‌
Santander
Drive
Auto
Receivables
Trust
2018-5
3.81
%,
12
/16/2024
490‌
497‌
Santander
Drive
Auto
Receivables
Trust
2019-2
3.22
%,
07
/15/2025
655‌
670‌
Tidewater
Auto
Receivables
Trust
2018-A
4.30
%,
11
/15/2024
(f)
100‌
102‌
Toyota
Auto
Receivables
2017-A
Owner
Trust
1.73
%,
02
/16/2021
102‌
102‌
Toyota
Auto
Receivables
2018-B
Owner
Trust
2.96
%,
09
/15/2022
1,190‌
1,202‌
United
Auto
Credit
Securitization
Trust
2019-1
3.16
%,
08
/12/2024
(f)
480‌
484‌
Westlake
Automobile
Receivables
Trust
2018-1
3.41
%,
05
/15/2023
(f)
175‌
177‌
Westlake
Automobile
Receivables
Trust
2018-3
2.12
%,
01
/18/2022
(f)
486‌
486‌
1.00
x
1
Month
USD
LIBOR
+
0.35%
4.00
%,
10
/16/2023
(f)
225‌
231‌
$
18,722‌
Automobile
Floor
Plan
Asset
Backed
Securities
-
0.02%
Navistar
Financial
Dealer
Note
Master
Owner
Trust
II
2.34
%,
09
/25/2023
(f)
205‌
205‌
1.00
x
1
Month
USD
LIBOR
+
0.63%
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
73
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Manufacturers
-
0.03%
American
Honda
Finance
Corp
1.95
%,
05
/20/2022
$
300‌
$
300‌
Banks
-
1.03%
Banco
Hipotecario
SA
48.19
%,
11
/07/2022
(f)
ARS
10,245‌
127‌
Argentina
Deposit
Rates
Badlar
Private
Banks
ARS
30
to
35
Days
+
4.00%
50.67
%,
01
/12/2020
(f)
3,083‌
13‌
Argentina
Deposit
Rates
Badlar
Private
Banks
ARS
30
to
35
Days
+
2.50%
Banco
Macro
SA
17.50
%,
05
/08/2022
(f)
5,115‌
38‌
Banco
Mercantil
del
Norte
SA/Grand
Cayman
6.75
%,
12
/31/2049
(f),(j),(k)
$
1,050‌
1,076‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.97%
6.75
%,
12
/31/2049
(j),(k)
1,275‌
1,307‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.97%
Banco
Supervielle
SA
52.77
%,
08
/09/2020
(f)
ARS
11,000‌
184‌
Argentina
Deposit
Rates
Badlar
Private
Banks
ARS
30
to
35
Days
+
4.50%
Bangkok
Bank
PCL/Hong
Kong
3.73
%,
09
/25/2034
(f),(k)
$
2,350‌
2,367‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.90%
3.73
%,
09
/25/2034
(k)
375‌
378‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.90%
Citibank
NA
2.50
%,
05
/20/2022
1,170‌
1,174‌
3
Month
USD
LIBOR
+
0.60%
Danske
Bank
A/S
3.24
%,
12
/20/2025
(f),(k)
200‌
202‌
3
Month
USD
LIBOR
+
1.59%
Financiera
de
Desarrollo
Territorial
SA
Findeter
7.88
%,
08
/12/2024
(f)
COP
3,380,000‌
1,024‌
HSH
N
Funding
I
Via
Banque
de
Luxembourg
0.00
%,
12
/31/2049
(e),(j)
EUR
3,630‌
1,317‌
12
Month
Euro
Interbank
Offered
Rate
+
2.15%
RESPARCS
Funding
II
LP
0.00
%,
12
/31/2049
(e),(j)
1,206‌
465‌
$
9,672‌
Chemicals
-
0.11%
Methanex
Corp
5.25
%,
12
/15/2029
$
1,000‌
1,016‌
Commercial
Mortgage
Backed
Securities
-
4.95%
Banc
of
America
Commercial
Mortgage
Trust
2015-UBS7
3.17
%,
09
/15/2048
531‌
442‌
CCRESG
Commercial
Mortgage
Trust
2016-HEAT
5.67
%,
04
/10/2029
(f),(l)
255‌
260‌
COMM
2012-LC4
Mortgage
Trust
5.72
%,
12
/10/2044
(l)
10‌
10‌
COMM
2014-CCRE18
Mortgage
Trust
3.60
%,
07
/15/2047
(f)
1,925‌
1,565‌
COMM
2015-CCRE25
Mortgage
Trust
3.94
%,
08
/10/2048
(l)
2,280‌
2,002‌
COMM
2015-CCRE27
Mortgage
Trust
3.25
%,
10
/10/2048
(f)
2,800‌
2,257‌
COMM
2015-LC21
Mortgage
Trust
1.19
%,
07
/10/2048
(f),(l),(m)
10,000‌
552‌
1.19
%,
07
/10/2048
(f),(l),(m)
3,125‌
167‌
3.25
%,
07
/10/2048
(f)
1,967‌
1,553‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Mortgage
Backed
Securities
(continued)
COMM
2016-CR28
Mortgage
Trust
3.25
%,
02
/10/2049
(f)
$
850‌
$
680‌
Credit
Suisse
Commercial
Mortgage
Securities
Corp
2019-SLKZ
5.37
%,
01
/15/2034
(f)
155‌
156‌
1.00
x
1
Month
USD
LIBOR
+
3.60%
Csail
2015-C2
Commercial
Mortgage
Trust
4.33
%,
06
/15/2057
(l)
960‌
934‌
4.33
%,
06
/15/2057
(l)
2,184‌
1,947‌
CSAIL
2015-C3
Commercial
Mortgage
Trust
3.50
%,
08
/15/2048
(l)
1,690‌
1,383‌
CSMC
2014-USA
OA
LLC
4.37
%,
09
/15/2037
(f)
1,055‌
999‌
GS
Mortgage
Securities
Corp
II
4.56
%,
07
/10/2051
(f),(l)
635‌
506‌
GS
Mortgage
Securities
Trust
2014-GC20
5.13
%,
04
/10/2047
(f),(l)
1,820‌
1,641‌
GS
Mortgage
Securities
Trust
2015-GC32
4.56
%,
07
/10/2048
(f),(l)
2,476‌
1,955‌
HPLY
Trust
2019-HIT
3.37
%,
11
/15/2036
(f)
291‌
291‌
1.00
x
1
Month
USD
LIBOR
+
1.60%
JPMBB
Commercial
Mortgage
Securities
Trust
2013-C12
4.24
%,
07
/15/2045
(f),(l)
1,782‌
1,619‌
JPMBB
Commercial
Mortgage
Securities
Trust
2014-C21
3.90
%,
08
/15/2047
(f),(l)
1,120‌
870‌
JPMBB
Commercial
Mortgage
Securities
Trust
2014-C26
4.00
%,
01
/15/2048
(f)
1,300‌
1,118‌
JPMBB
Commercial
Mortgage
Securities
Trust
2015-C29
3.79
%,
05
/15/2048
(l),(n)
2,735‌
2,361‌
3.90
%,
05
/15/2048
(f),(l)
2,160‌
1,642‌
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
2013-C12
3.71
%,
10
/15/2046
(f)
1,275‌
1,099‌
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
2015-C25
4.68
%,
10
/15/2048
(f),(l)
350‌
307‌
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
2017-C34
1.02
%,
11
/15/2052
(f),(l),(m)
3,150‌
192‌
Morgan
Stanley
Capital
I
Trust
2011-C2
5.67
%,
06
/15/2044
(f),(l)
475‌
479‌
5.67
%,
06
/15/2044
(f),(l)
160‌
155‌
Motel
6
Trust
2017-M6MZ
8.69
%,
08
/15/2024
(f)
1,131‌
1,143‌
1.00
x
1
Month
USD
LIBOR
+
6.93%
SG
Commercial
Mortgage
Securities
Trust
2016-C5
2.54
%,
10
/10/2048
(f)
2,100‌
1,380‌
Starwood
Retail
Property
Trust
2014-STAR
4.27
%,
11
/15/2027
(f)
170‌
170‌
1.00
x
1
Month
USD
LIBOR
+
2.50%
5.92
%,
11
/15/2027
(f)
645‌
502‌
1.00
x
1
Month
USD
LIBOR
+
4.15%
Wells
Fargo
Commercial
Mortgage
Trust
2015-C26
3.25
%,
02
/15/2048
(f)
1,981‌
1,524‌
Wells
Fargo
Commercial
Mortgage
Trust
2015-C28
3.00
%,
05
/15/2048
(f)
2,051‌
1,482‌
Wells
Fargo
Commercial
Mortgage
Trust
2015-LC22
3.36
%,
09
/15/2058
(f)
260‌
202‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
74
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Mortgage
Backed
Securities
(continued)
Wells
Fargo
Commercial
Mortgage
Trust
2015-NXS1
2.88
%,
05
/15/2048
(f),(l)
$
1,485‌
$
1,161‌
Wells
Fargo
Commercial
Mortgage
Trust
2016-NXS6
2.00
%,
11
/15/2049
(f),(l),(m)
7,575‌
873‌
Wells
Fargo
Commercial
Mortgage
Trust
2019-JWDR
3.14
%,
09
/15/2031
(f)
650‌
645‌
WF-RBS
Commercial
Mortgage
Trust
2011-C2
5.84
%,
02
/15/2044
(f),(l)
115‌
117‌
WFRBS
Commercial
Mortgage
Trust
2011-C3
5.86
%,
03
/15/2044
(f),(l)
350‌
263‌
WFRBS
Commercial
Mortgage
Trust
2011-C4
5.40
%,
06
/15/2044
(f),(l)
845‌
863‌
WFRBS
Commercial
Mortgage
Trust
2012-C6
5.77
%,
04
/15/2045
(f),(l)
500‌
527‌
WFRBS
Commercial
Mortgage
Trust
2012-C7
4.97
%,
06
/15/2045
(l)
80‌
82‌
4.97
%,
06
/15/2045
(f),(l)
225‌
169‌
WFRBS
Commercial
Mortgage
Trust
2014-C20
3.99
%,
05
/15/2047
(f)
267‌
216‌
WFRBS
Commercial
Mortgage
Trust
2014-C21
3.49
%,
08
/15/2047
(f)
1,030‌
809‌
3.50
%,
08
/15/2047
(f),(n)
4,515‌
3,966‌
WFRBS
Commercial
Mortgage
Trust
2014-LC14
3.50
%,
03
/15/2047
(f),(l)
1,300‌
1,062‌
$
46,298‌
Commercial
Services
-
0.03%
Ashtead
Capital
Inc
4.25
%,
11
/01/2029
(f)
255‌
258‌
Computers
-
0.18%
Apple
Inc
1.70
%,
09
/11/2022
720‌
718‌
Hewlett
Packard
Enterprise
Co
2.81
%,
03
/12/2021
930‌
934‌
3
Month
USD
LIBOR
+
0.68%
$
1,652‌
Consumer
Products
-
0.10%
Kronos
Acquisition
Holdings
Inc
9.00
%,
08
/15/2023
(f)
1,000‌
895‌
Credit
Card
Asset
Backed
Securities
-
0.47%
BA
Credit
Card
Trust
1.95
%,
08
/15/2022
1,030‌
1,030‌
Chase
Issuance
Trust
2.32
%,
06
/15/2023
1,150‌
1,156‌
1.00
x
1
Month
USD
LIBOR
+
0.55%
Citibank
Credit
Card
Issuance
Trust
1.99
%,
04
/07/2022
1,330‌
1,331‌
1.00
x
1
Month
USD
LIBOR
+
0.22%
Discover
Card
Execution
Note
Trust
3.04
%,
07
/15/2024
585‌
600‌
Genesis
Sales
Finance
Master
Trust
Series
2019-A
4.68
%,
08
/20/2023
(f)
255‌
260‌
$
4,377‌
Diversified
Financial
Services
-
1.07%
Aircastle
Ltd
4.25
%,
06
/15/2026
945‌
992‌
American
Express
Co
2.49
%,
11
/05/2021
870‌
875‌
3
Month
USD
LIBOR
+
0.60%
Ameriprise
Financial
Inc
3.00
%,
03
/22/2022
515‌
526‌
Power
Finance
Corp
Ltd
5.25
%,
08
/10/2028
3,740‌
4,072‌
Unifin
Financiera
SAB
de
CV
7.25
%,
09
/27/2023
2,890‌
2,995‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Diversified
Financial
Services
(continued)
USAA
Capital
Corp
2.63
%,
06
/01/2021
(f)
$
560‌
$
566‌
$
10,026‌
Electric
-
0.22%
Enel
SpA
8.75
%,
09
/24/2073
(f),(k)
785‌
918‌
USD
Swap
Semi-Annual
5
Year
+
5.88%
GenOn
Energy
Inc
-
Escrow
0.00
%,
10
/15/2018
(e),(g),(h)
6,993‌
—‌
0.00
%,
10
/15/2020
(e),(g),(h)
6,143‌
—‌
Vistra
Operations
Co
LLC
3.70
%,
01
/30/2027
(f)
1,110‌
1,098‌
$
2,016‌
Engineering
&
Construction
-
0.06%
GMR
Hyderabad
International
Airport
Ltd
5.38
%,
04
/10/2024
270‌
279‌
IHS
Netherlands
Holdco
BV
7.13
%,
03
/18/2025
(f)
265‌
276‌
$
555‌
Entertainment
-
0.31%
Resorts
World
Las
Vegas
LLC
/
RWLV
Capital
Inc
4.63
%,
04
/16/2029
(f)
2,800‌
2,917‌
Food
-
0.63%
Albertsons
Cos
Inc
/
Safeway
Inc
/
New
Albertsons
LP
/
Albertsons
LLC
4.63
%,
01
/15/2027
(f)
760‌
750‌
BRF
SA
4.88
%,
01
/24/2030
(f)
590‌
588‌
JBS
USA
LUX
SA
/
JBS
USA
Food
Co
/
JBS
USA
Finance
Inc
5.50
%,
01
/15/2030
(f)
465‌
496‌
MARB
BondCo
PLC
7.00
%,
03
/15/2024
3,075‌
3,198‌
NBM
US
Holdings
Inc
7.00
%,
05
/14/2026
(f)
795‌
844‌
$
5,876‌
Healthcare
-
Services
-
0.10%
Hadrian
Merger
Sub
Inc
8.50
%,
05
/01/2026
(f)
971‌
968‌
Insurance
-
0.24%
AIA
Group
Ltd
2.68
%,
09
/20/2021
(f)
515‌
515‌
3
Month
USD
LIBOR
+
0.52%
Metropolitan
Life
Global
Funding
I
3.38
%,
01
/11/2022
(f)
835‌
859‌
New
York
Life
Global
Funding
2.95
%,
01
/28/2021
(f)
855‌
865‌
$
2,239‌
Internet
-
0.18%
Uber
Technologies
Inc
7.50
%,
09
/15/2027
(f)
825‌
818‌
8.00
%,
11
/01/2026
(f),(
i
)
810‌
822‌
$
1,640‌
Iron
&
Steel
-
0.00%
Allegheny
Technologies
Inc
5.88
%,
12
/01/2027
34‌
35‌
Leisure
Products
&
Services
-
0.28%
Constellation
Merger
Sub
Inc
8.50
%,
09
/15/2025
(f),(n)
3,078‌
2,578‌
Lodging
-
0.28%
Boyd
Gaming
Corp
4.75
%,
12
/01/2027
(f),(o)
430‌
434‌
Diamond
Resorts
International
Inc
10.75
%,
09
/01/2024
(f),(n)
867‌
889‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
75
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Lodging
(continued)
Marriott
International
Inc/MD
2.13
%,
10
/03/2022
$
455‌
$
455‌
2.75
%,
03
/08/2021
845‌
848‌
3
Month
USD
LIBOR
+
0.65%
$
2,626‌
Media
-
0.49%
Cable
Onda
SA
4.50
%,
01
/30/2030
(f)
205‌
209‌
Cengage
Learning
Inc
9.50
%,
06
/15/2024
(f)
2,000‌
1,693‌
Clear
Channel
Communications
0.00
%,
12
/15/2019
(e),(g),(h)
3,500‌
—‌
Fox
Corp
3.67
%,
01
/25/2022
(f)
910‌
940‌
iHeartCommunications
Inc
4.75
%,
01
/15/2028
(f)
320‌
322‌
NBCUniversal
Enterprise
Inc
5.25
%,
12
/19/2049
(f),(j)
1,205‌
1,241‌
Ziggo
BV
4.88
%,
01
/15/2030
(f)
215‌
220‌
$
4,625‌
Mining
-
0.05%
Minera
Mexico
SA
de
CV
4.50
%,
01
/26/2050
(f)
490‌
481‌
Miscellaneous
Manufacturers
-
0.11%
FXI
Holdings
Inc
7.88
%,
11
/01/2024
(f),(n)
1,182‌
1,067‌
Mortgage
Backed
Securities
-
3.81%
Alternative
Loan
Trust
2003-22CB
5.75
%,
12
/25/2033
105‌
109‌
Alternative
Loan
Trust
2004-16CB
5.50
%,
07
/25/2034
80‌
84‌
5.50
%,
08
/25/2034
89‌
93‌
Alternative
Loan
Trust
2004-J10
6.00
%,
09
/25/2034
191‌
203‌
Alternative
Loan
Trust
2005-J1
5.50
%,
02
/25/2025
86‌
88‌
Banc
of
America
Alternative
Loan
Trust
2003-8
5.50
%,
10
/25/2033
77‌
81‌
Banc
of
America
Funding
2005-7
Trust
5.75
%,
11
/25/2035
75‌
81‌
Banc
of
America
Funding
2007-4
Trust
5.50
%,
11
/25/2034
108‌
108‌
Banc
of
America
Mortgage
2005-A
Trust
4.46
%,
02
/25/2035
(l)
27‌
27‌
CHL
Mortgage
Pass-Through
Trust
2004-HYB4
4.22
%,
09
/20/2034
(l)
33‌
33‌
Citigroup
Mortgage
Loan
Trust
2018-A
4.00
%,
01
/25/2068
(f),(l)
232‌
233‌
Citigroup
Mortgage
Loan
Trust
2018-C
4.13
%,
03
/25/2059
(f),(l)
523‌
526‌
Citigroup
Mortgage
Loan
Trust
2019-B
3.26
%,
04
/25/2066
(f),(l)
349‌
350‌
Connecticut
Avenue
Securities
Trust
2019-R04
6.96
%,
06
/25/2039
(f)
280‌
304‌
1.00
x
1
Month
USD
LIBOR
+
5.25%
Connecticut
Avenue
Securities
Trust
2019-R07
5.11
%,
10
/25/2039
(f)
2,000‌
1,999‌
1.00
x
1
Month
USD
LIBOR
+
3.40%
CSFB
Mortgage-Backed
Pass-Through
Certificates
Series
2003-27
5.75
%,
11
/25/2033
39‌
41‌
CSMC
2018-RPL2
Trust
4.03
%,
08
/25/2062
(f),(l)
581‌
583‌
DSLA
Mortgage
Loan
Trust
2005-AR5
2.06
%,
09
/19/2045
138‌
113‌
1.00
x
1
Month
USD
LIBOR
+
0.33%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
Dukinfield
II
PLC
2.03
%,
12
/20/2052
GBP
295‌
$
384‌
1.00
x
3
Month
GBP
LIBOR
+
1.25%
Eurosail
-UK
2007-2np
PLC
0.93
%,
03
/13/2045
102‌
129‌
1.00
x
3
Month
GBP
LIBOR
+
0.15%
Fannie
Mae
Connecticut
Avenue
Securities
3.91
%,
01
/25/2030
$
40‌
40‌
1.00
x
1
Month
USD
LIBOR
+
2.20%
4.11
%,
05
/25/2030
65‌
66‌
1.00
x
1
Month
USD
LIBOR
+
2.40%
5.26
%,
07
/25/2030
756‌
790‌
1.00
x
1
Month
USD
LIBOR
+
3.55%
5.96
%,
01
/25/2031
5,471‌
5,934‌
1.00
x
1
Month
USD
LIBOR
+
4.25%
7.46
%,
07
/25/2029
1,921‌
2,253‌
1.00
x
1
Month
USD
LIBOR
+
5.75%
Fannie
Mae
REMICS
4.39
%,
05
/25/2047
(m)
1,983‌
383‌
(1.00)
x
1
Month
USD
LIBOR
+
6.10%
4.49
%,
12
/25/2045
(m)
1,218‌
268‌
(1.00)
x
1
Month
USD
LIBOR
+
6.20%
Freddie
Mac
Stacr
Remic
Trust
2019-Hqa4
8.37
%,
11
/25/2049
(f)
530‌
533‌
1.00
x
1
Month
USD
LIBOR
+
6.60%
Freddie
Mac
STACR
Trust
2019-HRP1
5.76
%,
02
/25/2049
(f)
270‌
283‌
1.00
x
1
Month
USD
LIBOR
+
4.05%
Freddie
Mac
Structured
Agency
Credit
Risk
Debt
Notes
3.36
%,
04
/25/2024
89‌
89‌
1.00
x
1
Month
USD
LIBOR
+
1.65%
3.51
%,
07
/25/2030
25‌
25‌
1.00
x
1
Month
USD
LIBOR
+
1.80%
3.56
%,
10
/25/2027
269‌
270‌
1.00
x
1
Month
USD
LIBOR
+
1.85%
3.91
%,
02
/25/2024
212‌
214‌
1.00
x
1
Month
USD
LIBOR
+
2.20%
6.66
%,
07
/25/2029
1,619‌
1,827‌
1.00
x
1
Month
USD
LIBOR
+
4.95%
10.51
%,
03
/25/2028
4,464‌
5,474‌
1.00
x
1
Month
USD
LIBOR
+
8.80%
Gosforth
Funding
2018-1
plc
2.36
%,
08
/25/2060
(f)
251‌
251‌
1.00
x
3
Month
USD
LIBOR
+
0.45%
Grand
Avenue
Mortgage
Loan
Trust
2017-RPL1
3.25
%,
08
/25/2064
(f)
131‌
130‌
GSR
Mortgage
Loan
Trust
2005-4F
6.50
%,
02
/25/2035
41‌
41‌
IndyMac
INDX
Mortgage
Loan
Trust
2004-AR7
2.93
%,
09
/25/2034
128‌
121‌
1.00
x
1
Month
USD
LIBOR
+
1.22%
IndyMac
INDX
Mortgage
Loan
Trust
2005-AR11
3.86
%,
08
/25/2035
(l)
533‌
482‌
Lanark
Master
Issuer
PLC
2.69
%,
12
/22/2069
(f)
269‌
269‌
1.00
x
3
Month
USD
LIBOR
+
0.77%
Lehman
XS
Trust
Series
2006-2N
1.97
%,
02
/25/2046
102‌
95‌
1.00
x
1
Month
USD
LIBOR
+
0.26%
Ludgate
Funding
PLC
0.00
%,
01
/01/2061
(e)
EUR
88‌
92‌
1.00
x
3
Month
Euro
Interbank
Offered
Rate
+
0.16%
1.36
%,
01
/01/2061
GBP
342‌
429‌
1.00
x
3
Month
GBP
LIBOR
+
0.60%
MASTR
Alternative
Loan
Trust
2003-9
5.25
%,
11
/25/2033
$
41‌
43‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
76
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
MASTR
Alternative
Loan
Trust
2004-5
5.50
%,
06
/25/2034
$
40‌
$
42‌
6.00
%,
06
/25/2034
47‌
49‌
MASTR
Alternative
Loan
Trust
2004-8
6.00
%,
09
/25/2034
251‌
268‌
Merrill
Lynch
Mortgage
Investors
Trust
Series
MLCC
2006-2
3.96
%,
05
/25/2036
(l)
21‌
21‌
Newgate
Funding
PLC
0.17
%,
12
/15/2050
EUR
124‌
133‌
1.00
x
3
Month
Euro
Interbank
Offered
Rate
+
0.60%
OBX
2019-EXP3
Trust
3.50
%,
10
/25/2059
(f),(l)
$
295‌
297‌
RCO
V
Mortgage
LLC
2019-1
3.72
%,
05
/24/2024
(f),(l)
542‌
543‌
Residential
Asset
Securitization
Trust
2005-A8CB
5.38
%,
07
/25/2035
250‌
227‌
RMAC
Securities
No
1
PLC
0.00
%,
06
/12/2044
(e)
EUR
82‌
87‌
1.00
x
3
Month
Euro
Interbank
Offered
Rate
+
0.15%
Sequoia
Mortgage
Trust
2018-CH1
4.00
%,
02
/25/2048
(f),(l)
$
145‌
148‌
Sequoia
Mortgage
Trust
2019-CH1
4.50
%,
03
/25/2049
(f),(l)
568‌
579‌
STACR
Trust
2018-DNA3
5.61
%,
09
/25/2048
(f)
1,855‌
1,985‌
1.00
x
1
Month
USD
LIBOR
+
3.90%
STACR
Trust
2018-HRP2
4.11
%,
02
/25/2047
(f)
2,390‌
2,440‌
1.00
x
1
Month
USD
LIBOR
+
2.40%
Structured
Adjustable
Rate
Mortgage
Loan
Trust
2.02
%,
07
/25/2035
619‌
493‌
1.00
x
1
Month
USD
LIBOR
+
0.31%
Toorak
Mortgage
Corp
2018-1
Ltd
4.34
%,
08
/25/2021
(f),(l)
1,880‌
1,899‌
Towd
Point
Mortgage
Trust
2019-4
2.90
%,
10
/25/2059
(f),(l)
465‌
470‌
$
35,652‌
Oil
&
Gas
-
0.97%
Bellatrix
Exploration
Ltd
0.00
%,
09
/11/2023
(e),(g),(h)
236‌
141‌
0.00
%,
12
/15/2023
(e),(g),(h),(
i
)
257‌
—‌
Bruin
E&P
Partners
LLC
8.88
%,
08
/01/2023
(f)
675‌
432‌
California
Resources
Corp
8.00
%,
12
/15/2022
(f)
795‌
199‌
Cobalt
International
Energy
Inc
0.00
%,
12
/01/2023
(e)
4,635‌
278‌
Gulfport
Energy
Corp
6.00
%,
10
/15/2024
175‌
120‌
6.38
%,
05
/15/2025
705‌
458‌
Odebrecht
Drilling
Norbe
VIII/IX
Ltd
6.35
%,
12
/01/2021
1,855‌
1,846‌
Odebrecht
Offshore
Drilling
Finance
Ltd
6.72
%,
12
/01/2022
686‌
675‌
OGX
Austria
GmbH
0.00
%,
06
/01/2018
(e),(f)
600‌
—‌
0.00
%,
04
/01/2022
(e),(f)
1,100‌
—‌
Petrobras
Global
Finance
BV
5.75
%,
02
/01/2029
640‌
703‌
7.25
%,
03
/17/2044
125‌
149‌
Petroleos
Mexicanos
6.49
%,
01
/23/2027
(f)
950‌
1,000‌
6.84
%,
01
/23/2030
(f)
2,200‌
2,311‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
(continued)
Vine
Oil
&
Gas
LP
/
Vine
Oil
&
Gas
Finance
Corp
8.75
%,
04
/15/2023
(f)
$
690‌
$
283‌
9.75
%,
04
/15/2023
(f)
640‌
267‌
YPF
SA
6.95
%,
07
/21/2027
(f)
240‌
183‌
13.39
%,
07
/07/2020
(f)
410‌
67‌
Argentina
Deposit
Rates
Badlar
Private
Banks
ARS
30
to
35
Days
+
4.00%
$
9,112‌
Other
Asset
Backed
Securities
-
4.93%
Accelerated
Assets
2018-1
LLC
4.51
%,
12
/02/2033
(f)
171‌
176‌
Adams
Outdoor
Advertising
LP
4.81
%,
11
/15/2048
(f)
764‌
798‌
AIG
CLO
2018-1
Ltd
8.42
%,
01
/20/2032
(f)
2,640‌
2,454‌
1.00
x
3
Month
USD
LIBOR
+
6.45%
AIM
Aviation
Finance
Ltd
5.07
%,
02
/15/2040
(f),(l)
731‌
731‌
Ajax
Mortgage
Loan
Trust
2017-B
3.16
%,
09
/25/2056
(f),(l)
287‌
288‌
ALM
VII
R
Ltd
9.14
%,
10
/15/2028
(f)
2,000‌
1,976‌
1.00
x
3
Month
USD
LIBOR
+
7.14%
American
Homes
4
Rent
2014-SFR2
Trust
5.15
%,
10
/17/2036
(f)
280‌
302‌
6.23
%,
10
/17/2036
(f)
695‌
768‌
American
Homes
4
Rent
2014-SFR3
Trust
6.42
%,
12
/17/2036
(f)
900‌
1,003‌
American
Homes
4
Rent
2015-SFR1
5.64
%,
04
/17/2052
(f)
1,045‌
1,133‌
Apidos
CLO
XXII
7.97
%,
10
/20/2027
(f)
750‌
731‌
1.00
x
3
Month
USD
LIBOR
+
6.00%
Ascentium
Equipment
Receivables
2017-2
Trust
2.87
%,
08
/10/2022
(f)
80‌
81‌
Avery
Point
VII
CLO
Ltd
8.60
%,
01
/15/2028
(f)
1,400‌
1,364‌
1.00
x
3
Month
USD
LIBOR
+
6.60%
Bayview
Opportunity
Master
Fund
IVa
Trust
2019-RN2
3.97
%,
03
/28/2034
(f),(l)
283‌
285‌
Bayview
Opportunity
Master
Fund
Trust
IVb
2019-RN1
4.09
%,
02
/28/2034
(f),(l)
252‌
255‌
BCC
Funding
XIV
LLC
6.00
%,
04
/21/2025
(f)
250‌
256‌
Blackbird
Capital
Aircraft
Lease
Securitization
Ltd
2016-1
4.21
%,
12
/16/2041
(f),(l)
210‌
216‌
5.68
%,
12
/16/2041
(f),(l)
580‌
607‌
Bowman
Park
CLO
Ltd
7.31
%,
11
/23/2025
(f)
1,000‌
997‌
1.00
x
3
Month
USD
LIBOR
+
5.40%
Cairn
CLO
XI
DAC
0.00
%,
07
/15/2035
(e),(f),(o)
EUR
360‌
375‌
1.00
x
3
Month
Euro
Interbank
Offered
Rate
+
6.77%
CCG
Receivables
Trust
2018-1
3.42
%,
06
/16/2025
(f)
$
100‌
101‌
Coinstar
Funding
LLC
Series
2017-1
5.22
%,
04
/25/2047
(f)
707‌
727‌
Colony
American
Finance
2015-1
Ltd
5.65
%,
10
/15/2047
(f)
550‌
554‌
Colony
American
Finance
2016-1
Ltd
4.64
%,
06
/15/2048
(f),(l)
260‌
263‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
77
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Other
Asset
Backed
Securities
(continued)
CVP
Cascade
CLO-2
Ltd
3.20
%,
07
/18/2026
(f)
$
464‌
$
464‌
1.00
x
3
Month
USD
LIBOR
+
1.20%
DB
Master
Finance
LLC
4.35
%,
05
/20/2049
(f)
159‌
168‌
Diamond
Resorts
Owner
Trust
6.07
%,
10
/22/2029
(f)
88‌
90‌
Diamond
Resorts
Owner
Trust
2018-1
4.53
%,
01
/21/2031
(f)
314‌
321‌
Diamond
Resorts
Owner
Trust
2019-1
3.53
%,
02
/20/2032
(f)
322‌
323‌
Domino's
Pizza
Master
Issuer
LLC
4.12
%,
07
/25/2047
(f)
49‌
51‌
Driven
Brands
Funding
LLC
4.74
%,
04
/20/2048
(f)
167‌
175‌
Dryden
33
Senior
Loan
Fund
8.97
%,
04
/15/2029
(f)
700‌
667‌
1.00
x
3
Month
USD
LIBOR
+
6.97%
Dryden
63
GBP
CLO
2018
BV
3.68
%,
10
/15/2032
(f)
GBP
2,060‌
2,665‌
1.00
x
3
Month
GBP
LIBOR
+
2.90%
5.28
%,
10
/15/2032
(f)
1,052‌
1,361‌
1.00
x
3
Month
GBP
LIBOR
+
4.50%
Elevation
CLO
2015-4
Ltd
2.99
%,
04
/18/2027
(f)
$
314‌
314‌
1.00
x
3
Month
USD
LIBOR
+
0.99%
Fairstone
Financial
Issuance
Trust
I
3.95
%,
03
/21/2033
(f)
CAD
515‌
390‌
Five
Guys
Funding
LLC
4.60
%,
07
/25/2047
(f)
$
462‌
481‌
GCA2014
Holdings
Ltd
-
Class
C
6.00
%,
01
/05/2030
(f),(g),(h)
654‌
539‌
GCA2014
Holdings
Ltd
-
Class
D
7.50
%,
01
/05/2030
(f),(g),(h)
290‌
164‌
GCA2014
Holdings
Ltd
-
Class
E
0.00
%,
01
/05/2030
(e),(f),(g),(h)
1,030‌
—‌
Global
Container
Assets
Ltd
4.50
%,
02
/05/2030
(f)
243‌
240‌
Halcyon
Loan
Advisors
Funding
2014-2
Ltd
3.12
%,
04
/28/2025
(f)
299‌
299‌
1.00
x
3
Month
USD
LIBOR
+
1.18%
Harbour
Aircraft
Investments
Ltd
8.00
%,
11
/15/2037
1,156‌
1,163‌
Invitation
Homes
2018-SFR1
Trust
3.76
%,
03
/17/2037
(f)
470‌
471‌
1.00
x
1
Month
USD
LIBOR
+
2.00%
Invitation
Homes
2018-SFR2
Trust
3.77
%,
06
/17/2037
(f)
835‌
838‌
1.00
x
1
Month
USD
LIBOR
+
2.00%
Invitation
Homes
2018-SFR4
Trust
3.41
%,
01
/17/2038
(f)
210‌
210‌
1.00
x
1
Month
USD
LIBOR
+
1.65%
Jamestown
CLO
VII
Ltd
2.77
%,
07
/25/2027
(f)
538‌
537‌
1.00
x
3
Month
USD
LIBOR
+
0.83%
Kestrel
Aircraft
Funding
Ltd
4.25
%,
12
/15/2038
(f)
367‌
374‌
KKR
Clo
25
Ltd
8.54
%,
04
/15/2032
(f)
640‌
604‌
1.00
x
3
Month
USD
LIBOR
+
6.54%
Legacy
Mortgage
Asset
Trust
2019-GS3
3.75
%,
04
/25/2059
(f),(l)
375‌
379‌
Madison
Park
Funding
XII
Ltd
3.62
%,
07
/20/2026
(f)
250‌
250‌
1.00
x
3
Month
USD
LIBOR
+
1.65%
MAPS
2018-1
Ltd
4.21
%,
05
/15/2043
(f)
672‌
684‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Other
Asset
Backed
Securities
(continued)
Marlette
Funding
Trust
2019-1
3.44
%,
04
/16/2029
(f)
$
183‌
$
185‌
Marlette
Funding
Trust
2019-3
2.69
%,
09
/17/2029
(f)
195‌
196‌
Mountain
View
CLO
X
Ltd
2.82
%,
10
/13/2027
(f)
640‌
638‌
1.00
x
3
Month
USD
LIBOR
+
0.82%
Octagon
Investment
Partners
XVI
Ltd
7.75
%,
07
/17/2030
(f)
500‌
457‌
1.00
x
3
Month
USD
LIBOR
+
5.75%
OneMain
Financial
Issuance
Trust
2015-3
4.16
%,
11
/20/2028
(f)
790‌
794‌
OneMain
Financial
Issuance
Trust
2019-1
4.22
%,
02
/14/2031
(f)
620‌
644‌
Oxford
Finance
Funding
2019-1
LLC
4.46
%,
02
/15/2027
(f)
145‌
148‌
Parallel
2015-1
Ltd
2.82
%,
07
/20/2027
(f)
625‌
623‌
1.00
x
3
Month
USD
LIBOR
+
0.85%
Planet
Fitness
Master
Issuer
LLC
3.86
%,
12
/05/2049
(f),(o)
275‌
276‌
4.26
%,
09
/05/2048
(f)
599‌
611‌
Progress
Residential
2017-SFR2
Trust
4.14
%,
12
/17/2034
(f)
100‌
101‌
Progress
Residential
2018-SFR2
Trust
4.66
%,
08
/17/2035
(f)
100‌
103‌
Progress
Residential
2019-SFR1
Trust
4.47
%,
08
/17/2035
(f)
420‌
430‌
Prosper
Pass-Thru
Trust
II
Series
2019-St2
0.00
%,
11
/15/2025
(e),(f),(g)
1,190‌
1,249‌
0.00
%,
11
/15/2025
(e),(f),(g)
595‌
503‌
PRPM
2017-3
LLC
3.47
%,
11
/25/2022
(f),(l)
191‌
191‌
5.00
%,
11
/25/2022
(f),(l)
105‌
104‌
PRPM
2018-1
LLC
5.00
%,
04
/25/2023
(f),(l)
200‌
201‌
PRPM
LLC
0.00
%,
11
/25/2024
(e),(f),(l),(o)
210‌
210‌
Republic
FInance
Issuance
Trust
2019-A
3.43
%,
11
/22/2027
(f)
490‌
490‌
SCF
Equipment
Leasing
2018-1
LLC
4.21
%,
04
/20/2027
(f)
795‌
801‌
S-Jets
2017-1
Ltd
3.97
%,
08
/15/2042
(f)
789‌
795‌
Sofi
Consumer
Loan
Program
2018-2
Trust
3.35
%,
04
/26/2027
(f)
360‌
363‌
Sound
Point
Clo
XV
Ltd
7.89
%,
01
/23/2029
(f)
1,500‌
1,301‌
1.00
x
3
Month
USD
LIBOR
+
5.96%
Sprite
2017-1
Ltd
5.75
%,
12
/15/2037
(f)
254‌
264‌
Staniford
Street
CLO
Ltd
3.30
%,
06
/15/2025
(f)
340‌
340‌
1.00
x
3
Month
USD
LIBOR
+
1.18%
TAL
Advantage
V
LLC
3.55
%,
11
/20/2038
(f)
210‌
210‌
Thunderbolt
Aircraft
Lease
Ltd
5.75
%,
05
/17/2032
(f),(l)
177‌
184‌
Towd
Point
Mortgage
Trust
2.50
%,
11
/25/2060
(f),(l)
282‌
282‌
Tricon
American
Homes
2019-SFR1
Trust
2.75
%,
03
/17/2038
(f)
220‌
221‌
Venture
XXI
CLO
Ltd
2.88
%,
07
/15/2027
(f)
461‌
460‌
1.00
x
3
Month
USD
LIBOR
+
0.88%
Vericrest
Opportunity
Loan
Trust
2019-NPL3
3.97
%,
03
/25/2049
(f),(l)
375‌
378‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
78
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Other
Asset
Backed
Securities
(continued)
VOLT
LXXII
LLC
4.21
%,
10
/26/2048
(f),(l)
$
688‌
$
688‌
VOLT
LXXV
LLC
4.34
%,
01
/25/2049
(f),(l)
579‌
584‌
WAVE
2017-1
Trust
5.68
%,
11
/15/2042
(f)
250‌
259‌
Wingstop
Funding
2018-1
LLC
4.97
%,
12
/05/2048
(f)
154‌
158‌
$
46,105‌
Packaging
&
Containers
-
0.11%
Cascades
Inc/Cascades
USA
Inc
5.13
%,
01
/15/2025
(f),(g),(h)
CAD
68‌
51‌
Flex
Acquisition
Co
Inc
7.88
%,
07
/15/2026
(f)
$
1,047‌
1,000‌
$
1,051‌
Pharmaceuticals
-
0.44%
CVS
Health
Corp
2.82
%,
03
/09/2021
1,385‌
1,392‌
3
Month
USD
LIBOR
+
0.72%
Mylan
Inc
5.20
%,
04
/15/2048
130‌
141‌
5.40
%,
11
/29/2043
255‌
280‌
Mylan
NV
5.25
%,
06
/15/2046
775‌
853‌
Teva
Pharmaceutical
Finance
Netherlands
II
BV
6.00
%,
01
/31/2025
(f)
EUR
190‌
218‌
Teva
Pharmaceutical
Finance
Netherlands
III
BV
4.10
%,
10
/01/2046
$
1,420‌
1,033‌
7.13
%,
01
/31/2025
(f)
210‌
214‌
$
4,131‌
Pipelines
-
0.11%
Cheniere
Corpus
Christi
Holdings
LLC
3.70
%,
11
/15/2029
(f)
630‌
636‌
Midwest
Connector
Capital
Co
LLC
3.63
%,
04
/01/2022
(f)
410‌
420‌
$
1,056‌
Real
Estate
-
0.46%
Arabian
Centres
Co
Ltd
5.38
%,
11
/26/2024
(f)
3,250‌
3,315‌
CFLD
Cayman
Investment
Ltd
6.50
%,
12
/21/2020
200‌
201‌
Easy
Tactic
Ltd
8.13
%,
02
/27/2023
200‌
199‌
Kaisa
Group
Holdings
Ltd
11.95
%,
10
/22/2022
(f)
420‌
430‌
Sunac
China
Holdings
Ltd
7.25
%,
06
/14/2022
200‌
203‌
$
4,348‌
Regional
Authority
-
0.06%
Provincia
de
Buenos
Aires/Government
Bonds
6.50
%,
02
/15/2023
(f)
545‌
188‌
53.15
%,
04
/12/2025
(f)
ARS
11,045‌
54‌
Argentina
Deposit
Rates
Badlar
Private
Banks
ARS
30
to
35
Days
+
3.75%
59.74
%,
05
/31/2022
51,665‌
271‌
Argentina
Deposit
Rates
Badlar
Private
Banks
ARS
30
to
35
Days
+
3.83%
$
513‌
Retail
-
0.29%
1011778
BC
ULC
/
New
Red
Finance
Inc
4.38
%,
01
/15/2028
(f)
$
565‌
567‌
Staples
Inc
10.75
%,
04
/15/2027
(f),(n)
2,048‌
2,110‌
$
2,677‌
Semiconductors
-
0.23%
Broadcom
Inc
4.75
%,
04
/15/2029
(f)
1,985‌
2,123‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
-
0.02%
MSCI
Inc
4.00
%,
11
/15/2029
(f)
$
155‌
$
156‌
Sovereign
-
11.58%
1MDB
Global
Investments
Ltd
4.40
%,
03
/09/2023
3,400‌
3,281‌
Abu
Dhabi
Government
International
Bond
2.13
%,
09
/30/2024
(f)
2,400‌
2,388‌
2.13
%,
09
/30/2024
1,050‌
1,045‌
3.13
%,
09
/30/2049
(f)
2,470‌
2,406‌
3.13
%,
09
/30/2049
1,050‌
1,023‌
Angolan
Government
International
Bond
8.00
%,
11
/26/2029
(f)
2,625‌
2,615‌
Argentina
POM
Politica
Monetaria
70.81
%,
06
/21/2020
ARS
6,725‌
36‌
Argentina
Blended
Historical
Policy
Rate
+
0.00%
Argentine
Republic
Government
International
Bond
3.88
%,
01
/15/2022
EUR
66‌
29‌
4.63
%,
01
/11/2023
$
3,295‌
1,336‌
5.00
%,
01
/15/2027
EUR
3,036‌
1,258‌
5.25
%,
01
/15/2028
11,561‌
4,789‌
5.88
%,
01
/11/2028
$
1,300‌
515‌
6.63
%,
07
/06/2028
3,750‌
1,505‌
Bahrain
Government
International
Bond
5.63
%,
09
/30/2031
(f)
4,450‌
4,632‌
Bonos
de
la
Tesoreria
de
la
Republica
1.90
%,
09
/01/2030
CLP
2,639,489‌
3,686‌
Costa
Rica
Government
International
Bond
4.25
%,
01
/26/2023
$
2,658‌
2,628‌
7.00
%,
04
/04/2044
(n)
1,673‌
1,669‌
7.16
%,
03
/12/2045
(n)
439‌
443‌
Dominican
Republic
International
Bond
6.00
%,
07
/19/2028
(n)
749‌
817‌
Egypt
Government
International
Bond
7.05
%,
01
/15/2032
(f)
1,700‌
1,724‌
7.50
%,
01
/31/2027
3,925‌
4,278‌
El
Salvador
Government
International
Bond
7.38
%,
12
/01/2019
1,286‌
1,286‌
Export-Import
Bank
of
Korea
2.63
%,
06
/25/2022
650‌
652‌
3
Month
USD
LIBOR
+
0.53%
Hellenic
Republic
Treasury
Bill
0.00
%,
06
/12/2020
(e)
EUR
1,124‌
1,236‌
Hungary
Government
Bond
3.00
%,
08
/21/2030
(n)
HUF
430,000‌
1,552‌
Indonesia
Treasury
Bond
8.38
%,
03
/15/2034
IDR
53,650,000‌
4,090‌
8.75
%,
05
/15/2031
55,775,000‌
4,384‌
Ivory
Coast
Government
International
Bond
5.25
%,
03
/22/2030
EUR
3,594‌
3,936‌
Kenya
Government
International
Bond
7.00
%,
05
/22/2027
(f)
$
3,800‌
3,971‌
Mexican
Bonos
7.75
%,
11
/13/2042
MXN
53,200‌
2,835‌
Montenegro
Government
International
Bond
3.38
%,
04
/21/2025
(f)
EUR
3,280‌
3,855‌
5.75
%,
03
/10/2021
2,282‌
2,676‌
Peru
Government
Bond
6.15
%,
08
/12/2032
(f)
PEN
9,875‌
3,259‌
Peruvian
Government
International
Bond
6.35
%,
08
/12/2028
7,550‌
2,567‌
Republic
of
Italy
Government
International
Bond
2.38
%,
10
/17/2024
$
412‌
403‌
Republic
of
South
Africa
Government
Bond
8.75
%,
01
/31/2044
ZAR
56,410‌
3,331‌
8.88
%,
02
/28/2035
40,400‌
2,543‌
10.50
%,
12
/21/2026
(n)
46,400‌
3,504‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
79
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Sovereign
(continued)
Russian
Federal
Bond
-
OFZ
7.03
%,
01
/19/2028
RUB
358,350‌
$
5,851‌
Sri
Lanka
Government
International
Bond
6.75
%,
04
/18/2028
$
875‌
798‌
6.85
%,
03
/14/2024
2,390‌
2,390‌
Turkey
Government
International
Bond
5.60
%,
11
/14/2024
3,625‌
3,641‌
6.88
%,
03
/17/2036
(n)
497‌
497‌
Ukraine
Government
Bond
16.00
%,
08
/11/2021
UAH
51,750‌
2,217‌
Ukraine
Government
International
Bond
0.00
%,
05
/31/2040
(e),(l)
$
2,695‌
2,459‌
7.75
%,
09
/01/2027
2,210‌
2,331‌
$
108,367‌
Student
Loan
Asset
Backed
Securities
-
0.24%
Navient
Private
Education
Refi
Loan
Trust
2018-A
3.68
%,
02
/18/2042
(f)
140‌
145‌
Navient
Private
Education
Refi
Loan
Trust
2019-F
3.12
%,
08
/15/2068
(f)
445‌
441‌
SLM
Private
Credit
Student
Loan
Trust
2003-A
5.26
%,
06
/15/2032
239‌
239‌
1.00
x
US
28
Day
Auction
Rate
+
0.00%
SLM
Private
Credit
Student
Loan
Trust
2003-B
5.26
%,
03
/15/2033
550‌
550‌
1.00
x
US
28
Day
Auction
Rate
+
0.00%
5.26
%,
03
/15/2033
100‌
100‌
1.00
x
US
28
Day
Auction
Rate
+
0.00%
SMB
Private
Education
Loan
Trust
2015-C
3.50
%,
09
/15/2043
(f)
100‌
102‌
SMB
Private
Education
Loan
Trust
2017-B
2.52
%,
10
/15/2035
(f)
283‌
283‌
1.00
x
1
Month
USD
LIBOR
+
0.75%
SoFi
Professional
Loan
Program
2014-B
LLC
2.96
%,
08
/25/2032
(f)
15‌
15‌
1.00
x
1
Month
USD
LIBOR
+
1.25%
SoFi
Professional
Loan
Program
2015-A
LLC
2.91
%,
03
/25/2033
(f)
83‌
83‌
1.00
x
1
Month
USD
LIBOR
+
1.20%
SoFi
Professional
Loan
Program
2015-C
LLC
3.58
%,
08
/25/2036
(f)
44‌
45‌
Sofi
Professional
Loan
Program
2016-A
LLC
3.57
%,
01
/26/2038
(f)
244‌
248‌
$
2,251‌
Supranational
Bank
-
0.42%
African
Export-Import
Bank/The
3.99
%,
09
/21/2029
(f)
1,700‌
1,706‌
Banque
Ouest
Africaine
de
Developpement
5.00
%,
07
/27/2027
(f)
200‌
212‌
5.00
%,
07
/27/2027
1,900‌
2,014‌
$
3,932‌
Telecommunications
-
1.23%
Bharti
Airtel
Ltd
4.38
%,
06
/10/2025
200‌
201‌
C&W
Senior
Financing
DAC
7.50
%,
10
/15/2026
(f)
1,850‌
1,987‌
CommScope
Technologies
LLC
5.00
%,
03
/15/2027
(f)
650‌
570‌
6.00
%,
06
/15/2025
(f)
35‌
34‌
Gogo
Intermediate
Holdings
LLC
/
Gogo
Finance
Co
Inc
9.88
%,
05
/01/2024
(f),(n)
2,000‌
2,102‌
Intelsat
Connect
Finance
SA
9.50
%,
02
/15/2023
(f)
1,042‌
610‌
Intelsat
Jackson
Holdings
SA
9.75
%,
07
/15/2025
(f)
1,000‌
840‌
Kenbourne
Invest
SA
6.88
%,
11
/26/2024
(f)
355‌
359‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
Millicom
International
Cellular
SA
5.13
%,
01
/15/2028
(f)
$
200‌
$
204‌
MTN
Mauritius
Investments
Ltd
5.37
%,
02
/13/2022
2,610‌
2,704‌
6.50
%,
10
/13/2026
900‌
995‌
T-Mobile
US
Inc
0.00
%,
02
/01/2028
(e),(g),(h)
706‌
—‌
West
Corp
8.50
%,
10
/15/2025
(f)
1,109‌
887‌
$
11,493‌
Toys,
Games
&
Hobbies
-
0.08%
Hasbro
Inc
3.90
%,
11
/19/2029
760‌
761‌
Transportation
-
0.07%
FedEx
Corp
3.40
%,
01
/14/2022
675‌
693‌
TOTAL
BONDS
$
360,402‌
CONVERTIBLE
BONDS
-
0.40%
Principal
Amount
(000's)
Value
(000's)
Biotechnology
-
0.05%
BioMarin
Pharmaceutical
Inc
0.60
%,
08
/01/2024
455‌
468‌
Healthcare
-
Services
-
0.19%
NMC
Health
Jersey
Ltd
1.88
%,
04
/30/2025
2,000‌
1,773‌
Media
-
0.10%
DISH
Network
Corp
2.38
%,
03
/15/2024
555‌
501‌
3.38
%,
08
/15/2026
480‌
453‌
$
954‌
Oil
&
Gas
-
0.01%
Chesapeake
Energy
Corp
5.50
%,
09
/15/2026
190‌
83‌
Nabors
Industries
Inc
0.75
%,
01
/15/2024
85‌
55‌
$
138‌
Pharmaceuticals
-
0.00%
Flexion
Therapeutics
Inc
3.38
%,
05
/01/2024
45‌
44‌
Telecommunications
-
0.04%
CalAmp
Corp
2.00
%,
08
/01/2025
405‌
333‌
Trucking
&
Leasing
-
0.01%
Greenbrier
Cos
Inc/The
2.88
%,
02
/01/2024
80‌
75‌
TOTAL
CONVERTIBLE
BONDS
$
3,785‌
MUNICIPAL
BONDS
-
0.06%
Principal
Amount
(000's)
Value
(000's)
Massachusetts
-
0.06%
Massachusetts
Educational
Financing
Authority
3.85
%,
05
/25/2033
$
579‌
$
590‌
TOTAL
MUNICIPAL
BONDS
$
590‌
SENIOR
FLOATING
RATE
INTERESTS
-
3.48%
Principal
Amount
(000's)
Value
(000's)
Automobile
Parts
&
Equipment
-
0.15%
American
Axle
&
Manufacturing
Inc
4.01
%,
03
/08/2024
(p)
$
440‌
$
432‌
3
Month
USD
LIBOR
+
2.25%
GC
EOS
Buyer
Inc
6.59
%,
06
/27/2025
(p)
983‌
950‌
3
Month
USD
LIBOR
+
3.25%
$
1,382‌
Building
Materials
-
0.10%
Airxcel
Inc
10.54
%,
04
/27/2026
(p)
426‌
381‌
3
Month
USD
LIBOR
+
8.75%
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
80
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Building
Materials
(continued)
JELD-WEN
Inc
4.10
%,
12
/14/2024
(p)
$
566‌
$
566‌
3
Month
USD
LIBOR
+
2.00%
$
947‌
Chemicals
-
0.23%
ASP
Unifrax
Holdings
Inc
5.85
%,
12
/12/2025
(p)
655‌
544‌
3
Month
USD
LIBOR
+
3.75%
10.63
%,
12
/14/2026
(p)
637‌
522‌
3
Month
USD
LIBOR
+
8.50%
Axalta
Coating
Systems
US
Holdings
Inc
3.85
%,
06
/21/2024
(p)
341‌
341‌
3
Month
USD
LIBOR
+
1.75%
Polymer
Additives
Inc
7.70
%,
07
/25/2025
(p)
1,021‌
725‌
3
Month
USD
LIBOR
+
6.00%
$
2,132‌
Commercial
Services
-
0.13%
Digital
Room
Holdings
Inc
6.70
%,
05
/08/2026
(p)
240‌
217‌
3
Month
USD
LIBOR
+
5.00%
Imagine!
Print
Solutions
Inc
10.46
%,
06
/21/2023
(p)
427‌
64‌
3
Month
USD
LIBOR
+
8.75%
PSC
Industrial
Outsourcing
LP
10.27
%,
10
/13/2025
(p)
980‌
938‌
3
Month
USD
LIBOR
+
8.50%
$
1,219‌
Computers
-
0.23%
Electronics
For
Imaging
Inc
7.10
%,
07
/02/2026
(p)
374‌
345‌
3
Month
USD
LIBOR
+
5.00%
McAfee
LLC
10.21
%,
09
/29/2025
(p)
1,750‌
1,756‌
3
Month
USD
LIBOR
+
3.25%
Science
Applications
International
Corp
3.54
%,
11
/05/2025
(p)
40‌
40‌
3
Month
USD
LIBOR
+
1.75%
$
2,141‌
Distribution
&
Wholesale
-
0.02%
American
Builders
&
Contractors
Supply
Co
Inc
3.78
%,
01
/15/2027
(p)
220‌
220‌
1
Month
USD
LIBOR
+
2.00%
Electric
-
0.00%
AES
Corp/VA
3.87
%,
05
/31/2022
(p)
24‌
24‌
3
Month
USD
LIBOR
+
1.75%
Engineering
&
Construction
-
0.06%
Qualtek
USA
LLC
8.00
%,
07
/18/2025
(p)
585‌
571‌
3
Month
USD
LIBOR
+
5.75%
Entertainment
-
0.13%
Deluxe
Entertainment
8.27
%,
03
/25/2024
(p)
608‌
605‌
10.27
%,
09
/25/2024
(p)
779‌
580‌
$
1,185‌
Environmental
Control
-
0.03%
Innovative
Water
Care
Global
Corp
7.10
%,
02
/27/2026
(p)
369‌
313‌
3
Month
USD
LIBOR
+
5.00%
Food
Service
-
0.27%
TKC
Holdings
Inc
9.71
%,
01
/31/2024
(p)
2,647‌
2,531‌
3
Month
USD
LIBOR
+
8.00%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Home
Furnishings
-
0.05%
TGP
Holdings
III
LLC
10.20
%,
09
/25/2025
(p)
$
516‌
$
464‌
3
Month
USD
LIBOR
+
8.50%
Insurance
-
0.13%
AIS
Holdco
LLC
6.93
%,
08
/15/2025
(p)
287‌
270‌
3
Month
USD
LIBOR
+
5.00%
Confie
Seguros
Holding
II
Co
10.63
%,
10
/31/2025
(p)
979‌
920‌
3
Month
USD
LIBOR
+
8.50%
$
1,190‌
Internet
-
0.18%
Uber
Technologies
Inc
5.30
%,
07
/13/2023
(p)
275‌
269‌
3
Month
USD
LIBOR
+
3.50%
Web.com
Group
Inc
9.51
%,
10
/11/2026
(p)
1,464‌
1,402‌
3
Month
USD
LIBOR
+
3.00%
$
1,671‌
Leisure
Products
&
Services
-
0.07%
Recess
Holdings
Inc
9.45
%,
09
/29/2025
(p)
714‌
677‌
3
Month
USD
LIBOR
+
7.75%
Media
-
0.24%
CSC
Holdings
LLC
4.33
%,
04
/27/2027
(p)
124‌
124‌
1
Month
USD
LIBOR
+
2.50%
Global
Eagle
Entertainment
Inc
9.71
%,
12
/22/2022
(p)
169‌
151‌
3
Month
USD
LIBOR
+
7.50%
iHeartCommunications
Inc
5.78
%,
05
/01/2026
(p)
297‌
298‌
3
Month
USD
LIBOR
+
4.00%
MediArena
Acquisition
BV
11.09
%,
08
/13/2022
(p)
1,000‌
1,004‌
US
LIBOR
+
2.25%
Ziggo
BV
3.00
%,
01
/17/2029
(p)
EUR
235‌
258‌
3
Month
Euro
Interbank
Offered
Rate
+
3.00%
4.27
%,
04
/15/2025
(p)
$
437‌
437‌
US
LIBOR
+
2.50%
$
2,272‌
Metal
Fabrication
&
Hardware
-
0.23%
Eco-Bat
Technologies
Ltd
1.00%,
PIK
11.00%,
03/31/2017
(p
),(
q)
EUR
7,150‌
2,107‌
Miscellaneous
Manufacturers
-
0.09%
4L
Technologies
Inc/NV
6.20
%,
05
/08/2020
(p)
$
1,648‌
876‌
3
Month
USD
LIBOR
+
4.50%
Oil
&
Gas
-
0.04%
California
Resources
Corp
6.46
%,
11
/14/2022
(p)
184‌
154‌
US
LIBOR
+
4.75%
Gavilan
Resources
LLC
7.79
%,
03
/01/2024
(p)
680‌
238‌
3
Month
USD
LIBOR
+
6.00%
$
392‌
Oil
&
Gas
Services
-
0.14%
McDermott
Technology
Americas
Inc
0.00
%,
10
/21/2021
(p),(r)
1,300‌
1,309‌
1
Month
USD
LIBOR
+
10.00%
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
81
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
-
0.76%
Southcross
9.86
%,
12
/30/2019
(p)
$
635‌
$
603‌
US
LIBOR
+
5.25%
11.77
%,
12
/30/2019
(p)
299‌
299‌
US
LIBOR
+
10.00%
Southcross
Energy
Partners
LP
9.86
%,
12
/30/2019
(p)
1,764‌
1,676‌
US
LIBOR
+
10.00%
10.11
%,
08
/04/2021
(p)
6,399‌
3,647‌
3
Month
USD
LIBOR
+
4.25%
11.77
%,
12
/30/2019
(p)
296‌
296‌
US
LIBOR
+
10.00%
13.56
%,
12
/30/2019
(p)
547‌
545‌
US
LIBOR
+
10.00%
$
7,066‌
Real
Estate
-
0.00%
Toys
R
Us
Property
Co
I
LLC
0.00
%,
08
/21/2019
(e),(g),(p)
33‌
30‌
3
Month
USD
LIBOR
+
5.00%
REITs
-
0.06%
Iron
Mountain
Inc
3.54
%,
01
/02/2026
(p)
609‌
604‌
3
Month
USD
LIBOR
+
1.75%
Retail
-
0.08%
1011778
BC
ULC
0.00
%,
11
/14/2026
(p),(r)
276‌
275‌
1
Month
USD
LIBOR
+
1.75%
Spencer
Spirit
IH
LLC
7.72
%,
06
/12/2026
(p)
498‌
479‌
3
Month
USD
LIBOR
+
5.50%
$
754‌
Software
-
0.06%
IQVIA
Inc
3.85
%,
06
/11/2025
(p)
527‌
528‌
3
Month
USD
LIBOR
+
1.75%
TOTAL
SENIOR
FLOATING
RATE
INTERESTS
$
32,605‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
56.80%
Principal
Amount
(000's)
Value
(000's)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
3.32%
2.50
%,
12
/01/2049
(s)
$
31,395‌
$
31,079‌
U.S.
Treasury
-
50.97%
1.25
%,
10
/31/2021
(n)
20,120‌
19,968‌
1.38
%,
10
/15/2022
(n)
2,079‌
2,065‌
1.63
%,
11
/15/2022
(n)
38,901‌
38,925‌
1.63
%,
09
/30/2026
(n)
24,523‌
24,361‌
1.63
%,
10
/31/2026
(n)
20,195‌
20,055‌
1.88
%,
09
/30/2022
(n)
11,272‌
11,357‌
2.00
%,
05
/31/2024
(n)
13,772‌
13,996‌
2.13
%,
05
/15/2022
(n)
63,093‌
63,855‌
2.13
%,
11
/30/2024
(n)
52,602‌
53,812‌
2.25
%,
03
/31/2021
(n)
13,602‌
13,702‌
2.50
%,
05
/31/2020
(n)
12,007‌
12,055‌
2.50
%,
01
/15/2022
(n)
18,950‌
19,294‌
2.63
%,
12
/31/2023
(n)
17,805‌
18,505‌
2.63
%,
01
/31/2026
(n)
26,827‌
28,265‌
2.75
%,
09
/30/2020
(n)
53,305‌
53,769‌
2.75
%,
05
/31/2023
(n)
13,414‌
13,929‌
2.75
%,
06
/30/2025
(n)
10,329‌
10,917‌
2.88
%,
05
/31/2025
(n)
13,772‌
14,638‌
2.88
%,
07
/31/2025
(n)
17,215‌
18,323‌
2.88
%,
05
/15/2043
(n)
6,707‌
7,544‌
3.00
%,
05
/15/2045
(n)
15,341‌
17,732‌
$
477,067‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
Bill
-
1.39%
1.50
%,
11
/05/2020
(t)
$
3,100‌
$
3,055‌
1.52
%,
09
/10/2020
(t)
2,280‌
2,252‌
1.53
%,
10
/08/2020
(t)
2,285‌
2,254‌
1.61
%,
01
/16/2020
(n),(t)
4,000‌
3,992‌
1.90
%,
06
/18/2020
(t),(u)
1,470‌
1,457‌
$
13,010‌
U.S.
Treasury
Inflation-Indexed
Obligations
-
1.12%
0.13
%,
10
/15/2024
(n)
1,384‌
1,384‌
0.50
%,
04
/15/2024
(n)
9,010‌
9,111‌
$
10,495‌
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
531,651‌
REPURCHASE
AGREEMENTS
-
29.02%
Maturity
Amount
(000's)
Value
(000's)
Banks
-
29.02%
Barclays
Repurchase
Agreement
on
securities
sold
short;
1.25%
traded
10/23/
2019
(
collateralized
by
Comision
Federal
de
Electricidad
;
$4,677,292;
6.13%;
dated
06/16/45)
(v)
$
3,970‌
$
3,964‌
Merrill
Lynch
Repurchase
Agreement
on
securities
sold
short;
0.10%
traded
11/29/2019
maturing
12/02/2019
(collateralized
by
United
States
Treasury
Note/Bond;
$52,942,427;
1.50%;
dated
10/31/24)
53,008‌
53,008‌
Merrill
Lynch
Repurchase
Agreement
on
securities
sold
short;
1.10%
traded
11/29/2019
maturing
12/02/2019
(collateralized
by
United
States
Treasury
Note/Bond;
$12,107,602;
1.50%;
dated
10/31/21)
12,107‌
12,106‌
Merrill
Lynch
Repurchase
Agreement
on
securities
sold
short;
1.25%
traded
11/13/
2019
(
collateralized
by
Argentine
Republic
Government
International
Bond;
$3,612,328;
7.50%;
dated
04/22/26)
(v)
3,231‌
3,229‌
Merrill
Lynch
Repurchase
Agreement
on
securities
sold
short;
1.42%
traded
11/29/2019
maturing
12/02/2019
(collateralized
by
United
States
Treasury
Note/Bond;
$15,186,444;
1.63%;
dated
08/15/29)
15,227‌
15,226‌
Merrill
Lynch
Repurchase
Agreement
on
securities
sold
short;
1.45%
traded
09/26/
2019
(
collateralized
by
Republic
of
South
Africa
Government
International
Bond;
$3,163,505;
4.85%;
dated
09/27/27)
(v)
3,198‌
3,190‌
Merrill
Lynch
Repurchase
Agreement
on
securities
sold
short;
1.55%
traded
11/29/2019
maturing
12/02/2019
(collateralized
by
United
States
Treasury
Note/Bond;
$3,058,853;
2.38%;
dated
11/15/49)
3,069‌
3,069‌
Merrill
Lynch
Repurchase
Agreement
on
securities
sold
short;
1.60%
traded
10/18/
2019
(
collateralized
by
Argentine
Republic
Government
International
Bond;
$1,537,488;
7.13%;
dated
06/28/17)
(v)
1,627‌
1,624‌
Merrill
Lynch
Repurchase
Agreement
on
securities
sold
short;
1.65%
traded
11/29/2019
maturing
12/02/2019
(collateralized
by
United
States
Treasury
Inflation
Indexed
Bonds;
$2,930,927;
0.25%;
dated
07/15/29)
2,942‌
2,942‌
Merrill
Lynch
Repurchase
Agreement
on
securities
sold
short;
1.70%
traded
11/29/2019
maturing
12/02/2019
(collateralized
by
United
States
Treasury
Note/Bond;
$29,722,357;
2.38%;
dated
05/15/27)
29,801‌
29,798‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
82
REPURCHASE
AGREEMENTS
(continued)
Maturity
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Merrill
Lynch
Repurchase
Agreement
on
securities
sold
short;
1.70%
traded
11/29/2019
maturing
12/02/2019
(collateralized
by
United
States
Treasury
Note/Bond;
$37,825,554;
1.75%;
dated
06/30/24)
$
37,826‌
$
37,822‌
Merrill
Lynch
Repurchase
Agreement
on
securities
sold
short;
1.70%
traded
11/29/2019
maturing
12/02/2019
(collateralized
by
United
States
Treasury
Note/Bond;
$36,299,918;
1.50%;
dated
09/15/22)
36,287‌
36,284‌
Merrill
Lynch
Repurchase
Agreement
on
securities
sold
short;
1.70%
traded
11/29/2019
maturing
12/02/2019
(collateralized
by
United
States
Treasury
Note/Bond;
$27,051,466;
1.25%;
dated
08/31/24)
27,057‌
27,055‌
Merrill
Lynch
Repurchase
Agreement
on
securities
sold
short;
1.70%
traded
11/29/2019
maturing
12/02/2019
(collateralized
by
United
States
Treasury
Note/Bond;
$41,583,080;
1.50%;
dated
09/30/21)
41,587‌
41,583‌
Merrill
Lynch
Repurchase
Agreement
on
securities
sold
short;
2.00%
traded
08/02/
2019
(
collateralized
by
Turkey
Government
International
Bond;
$719,418;
11.88%;
dated
01/15/30)
(v)
685‌
680‌
$
271,580‌
TOTAL
REPURCHASE
AGREEMENTS
$
271,580‌
TOTAL
PURCHASED
OPTIONS
-
0.12%
$
1,076‌
TOTAL
PURCHASED
INTEREST
RATE
SWAPTIONS
-
0.07%
$
691‌
Total
Investments
$
1,722,015‌
Other
Assets
and
Liabilities
-  (
83.98)%
(786,037‌)
TOTAL
NET
ASSETS
-
100.00%
$
935,978‌
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
pledged
as
collateral
for
short
sales.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$135,260
or
14.45%
of
net
assets.
(c)
All
or
a
portion
of
this
security
is
owned
by
the
GMS
Cayman
Corporation,
which
is
a
100%
owned
subsidiary
of
the
fund.
(d)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940)
or
an
affiliate
as
defined
by
the
Investment
Company
Act
of
1940
(controls
5.0%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
affiliated
sub-schedule
for
transactional
information.
(e)
Non-income
producing
security
(f)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$191,618
or
20.47%
of
net
assets.
(g)
Fair
value
of
these
investments
is
determined
in
good
faith
by
the
Manager
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
Certain
inputs
used
in
the
valuation
may
be
unobservable;
however,
each
security
is
evaluated
individually
for
purposes
of
ASC
820
which
results
in
not
all
securities
being
identified
as
Level
3
of
the
fair
value
hierarchy.
At
the
end
of
the
period,
the
fair
value
of
these
securities
totaled
$7,142
or
0.76%
of
net
assets.
(h)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs.
(
i
)
Restricted
Security.
Please
see
Restricted
Security
Sub-Schedule
for
more
information.
(j)
Perpetual
security.
Perpetual
securities
pay
an
indefinite
stream
of
interest,
but
they
may
be
called
by
the
issuer
at
an
earlier
date.
Date
shown,
if
any,
reflects
the
next
call
date
or
final
legal
maturity
date.
Rate
shown
is
as
of
period
end.
(k)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(l)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions.  These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(m)
Security
is
an
Interest
Only
Strip.
(n)
Security
or
portion
of
the
security
was
pledged
as
collateral
for
reverse
repurchase
agreements.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$486,760
or
52.01
%
of
net
assets.
(o)
Security
purchased
on
a
when-issued
basis.
(p)
Rate
information
disclosed
is
based
on
an
average
weighted
rate
of
the
underlying
tranches
as
of
period
end.
(q)
Payment
in
kind;
the
issuer
has
the
option
of
paying
additional
securities
in
lieu
of
cash.
(r)
This
Senior
Floating
Rate
Note
will
settle
after
November
30,
2019,
at
which
time
the
interest
rate
will
be
determined.
(s)
Security
was
purchased
in
a
"to-be-announced"
("TBA")
transaction.  See
Notes
to
Financial
Statements
for
additional
information.
(t)
Rate
shown
is
the
discount
rate
of
the
original
purchase.
(u)
Security
or
a
portion
of
the
security
was
pledged
to
cover
margin
requirements
for
futures
contracts.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$843
or
0.09%
of
net
assets.
(v)
Although
the
maturity
date
of
the
repurchase
agreement
is
open-ended
through
the
maturity
date
of
the
collateral,
the
Fund
has
a
right
to
terminate
the
repurchase
agreement
and
demand
repayment
from
the
counterparty
at
any
time
with
two
days'
notice
or
less.
During
periods
of
high
demand
for
the
collateral
security,
the
fund
may
also
pay
the
counterparty
a
fee.
Portfolio
Summary  (
unaudited)
Sector
Percent
Government
65.54‌%
Financial
38.28‌%
Money
Market
Funds
12.92‌%
Mortgage
Securities
12.08‌%
Consumer,
Non-cyclical
10.91‌%
Consumer,
Cyclical
8.05‌%
Industrial
7.73‌%
Asset
Backed
Securities
7.66‌%
Communications
6.66‌%
Technology
5.69‌%
Energy
3.21‌%
Basic
Materials
3.06‌%
Investment
Companies
1.04‌%
Utilities
0.83‌%
Purchased
Options
0.12‌%
Diversified
0.07‌%
Purchased
Interest
Rate
Swaptions
0.07‌%
Revenue
Bonds
0.06‌%
Investments
Sold
Short
(
52.83‌)%
Other
Assets
and
Liabilities
(
31.15‌)%
TOTAL
NET
ASSETS
100.00%
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
83
Affiliated
Securities
August
31,
2019
Purchases
Sales
November
30,
2019
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
1.52%
$
151,384‌
$
505,542‌
$
545,191‌
$
111,735‌
$
151,384‌
$
505,542‌
$
545,191‌
$
111,735‌
Income
Realized
Gain/Loss
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/Loss
Principal
Government
Money
Market
Fund
1.52%
$
504‌
$
—‌
$
—‌
$
—‌
$
504‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
Restricted
Securities
Security
Name
Acquisition
Date
Cost
Value
Percent
of
Net
Assets
Airbnb,
Inc  
0.00%
06/24/2015
$
157‌
$
202‌
0.02%
Bellatrix
Exploration
Ltd  
0.00%,
12/15/2023
06/03/2019
14
6‌
—‌
0.00%
Birst
Inc
06/15/2017
23‌
1‌
0.00%
DraftKings
Inc
12/04/2014
89‌
172‌
0.02%
Element
Comm
Aviation
06/15/2015
2,800‌
2,419‌
0.26%
Forward
Venture
Services
LLC  
0.00%
11/20/2014
170‌
306‌
0.03%
Jand
Inc
04/23/2015
19‌
27‌
0.00%
Jand
Inc  
0.00%
04/23/2015
43‌
61‌
0.01%
Klarna
Holding
AB
08/07/2015
89‌
191‌
0.02%
Lithium
Technology
Corp  
0.00%
04/16/2015
21‌
—‌
0.00%
Marklogic
Corp  
0.00%
04/27/2015
172‌
142‌
0.02%
Pinterest
Inc
03/16/2015
-
06/03/2019
280‌
253‌
0.03%
Uber
Technologies
Inc  
8%,
11/01/2026
10/18/2018
-
04/01/2019
822‌
822‌
0.09%
Veracode
Inc  
0.00%
04/18/2017
2
4‌
3‌
0.00%
WE
Company
Common
Class
A
12/08/2014
6‌
3‌
0.00%
WE
Company
Preferred
D-1  
0.00%
12/08/2014
81‌
62‌
0.01%
WE
Company
Preferred
D-2  
0.00%
12/08/2014
64‌
48‌
0.00%
Total
$
4,712‌
0.51%
Amounts
in
thousands.
Options
Purchased
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Payments/
(Premiums)
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
iShares
20+
Year
Treasury
Bond
ETF
N/A
235‌
$
24‌
$
137.00‌
12/23/2019
$
52‌
$
87‌
$
35‌
Put
-
S&P
500
Index
N/A
67‌
$
7‌
$
2,525.00‌
12/23/2019
458‌
—‌
(458‌)
Put
-
S&P
500
Index
N/A
73‌
$
7‌
$
2,700.00‌
06/22/2020
752‌
315‌
(437‌)
Put
-
S&P
500
Index
N/A
37‌
$
4‌
$
2,775.00‌
09/21/2020
467‌
291‌
(176‌)
Put
-
S&P
500
Index
N/A
37‌
$
4‌
$
2,850.00‌
03/23/2020
328‌
113‌
(215‌)
Call
-
AUD
versus
USD
Barclays
Bank
PLC
1
AUD
3,069‌
AUD
0.75‌
12/12/2019
56‌
—‌
(56‌)
Call
-
EUR
versus
CNH
JPMorgan
Chase
1
EUR
2,175‌
EUR
8.15‌
12/09/2019
38‌
—‌
(38‌)
Call
-
EUR
versus
RON
Societe
Generale
1
EUR
2,577‌
EUR
4.92‌
05/15/2020
17‌
16‌
(1‌)
Call
-
EUR
versus
RON
BNP
Paribas
1
EUR
1,718‌
EUR
4.92‌
05/15/2020
11‌
11‌
—‌
Call
-
EUR
versus
USD
Barclays
Bank
PLC
1
EUR
6,428‌
EUR
1.23‌
03/31/2020
61‌
1‌
(60‌)
Call
-
EUR
versus
USD
Goldman
Sachs
&
Co
1
EUR
4,090‌
EUR
1.15‌
12/17/2019
51‌
—‌
(51‌)
Call
-
NZD
versus
USD
Barclays
Bank
PLC
1
NZD
3,069‌
NZD
0.71‌
12/12/2019
54‌
—‌
(54‌)
Call
-
USD
versus
CAD
Goldman
Sachs
&
Co
1
$
2,820‌
$
1.33‌
12/23/2019
15‌
9‌
(6‌)
Call
-
USD
versus
THB
JPMorgan
Chase
1
$
7,880‌
$
31.75‌
12/09/2019
82‌
—‌
(82‌)
Call
-
USD
versus
THB
Standard
Chartered
Hong
Kong
1
$
8,180‌
$
31.75‌
12/09/2019
79‌
—‌
(79‌)
Call
-
USD
versus
THB
JPMorgan
Chase
1
$
8,589‌
$
31.25‌
12/09/2019
71‌
—‌
(71‌)
Call
-
USD
versus
THB
Standard
Chartered
Hong
Kong
1
$
52,500‌
$
31.25‌
12/09/2019
464‌
2‌
(462‌)
Call
-
USD
versus
THB
Standard
Chartered
Hong
Kong
1
$
8,370‌
$
31.75‌
12/09/2019
38‌
—‌
(38‌)
Call
-
USD
versus
THB
Standard
Chartered
Hong
Kong
1
$
4,295‌
$
31.25‌
12/09/2019
38‌
—‌
(38‌)
Put
-
USD
versus
CHF
Barclays
Bank
PLC
1
$
5,115‌
$
0.95‌
12/23/2019
137‌
—‌
(137‌)
Put
-
USD
versus
CHF
Citigroup
Inc
1
$
2,745‌
$
0.98‌
12/23/2019
18‌
2‌
(16‌)
Put
-
USD
versus
JPY
Barclays
Bank
PLC
1
$
5,115‌
$
107.30‌
12/12/2019
114‌
1‌
(113‌)
Put
-
USD
versus
JPY
Citigroup
Inc
1
$
5,115‌
$
107.00‌
12/18/2019
108‌
2‌
(106‌)
Call
-
90
Day
Eurodollar
Future;
December
2019
N/A
59‌
$
148‌
$
97.25‌
12/17/2019
26‌
124‌
98‌
Call
-
US
10
Year
Note
Future;
March
2020
N/A
66‌
$
66‌
$
131.50‌
12/30/2019
28‌
4‌
(24‌)
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
84
Options
(continued)
Purchased
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Payments/
(Premiums)
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
US
Long
Bond
Future;
March
2020
N/A
84‌
$
84‌
$
162.00‌
12/30/2019
$
40‌
$
29‌
$
(11‌)
Put
-
90
Day
Eurodollar
Future;
December
2019
N/A
132‌
$
330‌
$
97.13‌
12/17/2019
9‌
1‌
(8‌)
Put
-
90
Day
Eurodollar
Future;
December
2019
N/A
59‌
$
148‌
$
97.25‌
12/17/2019
25‌
—‌
(25‌)
Put
-
90
Day
Eurodollar
Future;
December
2019
N/A
40‌
$
100‌
$
97.63‌
12/17/2019
2‌
—‌
(2‌)
Put
-
90
Day
Eurodollar
Future;
December
2021
N/A
95‌
$
238‌
$
98.25‌
12/16/2019
8‌
1‌
(7‌)
Put
-
90
Day
Eurodollar
Future;
March
2020
N/A
23‌
$
58‌
$
97.38‌
03/17/2020
3‌
—‌
(3‌)
Put
-
90
Day
Eurodollar
Future;
March
2021
N/A
36‌
$
90‌
$
98.25‌
03/16/2020
6‌
3‌
(3‌)
Put
-
US
10
Year
Note
Future;
March
2020
N/A
3‌
$
3‌
$
129.50‌
12/30/2019
2‌
2‌
—‌
Put
-
US
10
Year
Note
Future;
March
2020
N/A
136‌
$
136‌
$
126.50‌
02/24/2020
40‌
26‌
(14‌)
Put
-
US
2
Year
Note
Future;
March
2020
N/A
56‌
$
112‌
$
107.13‌
01/27/2020
2‌
2‌
—‌
Put
-
US
5
Year
Note
Future;
March
2020
N/A
113‌
$
113‌
$
115.00‌
02/24/2020
3‌
4‌
1‌
Put
-
US
Long
Bond
Future;
March
2020
N/A
84‌
$
84‌
$
156.00‌
12/30/2019
28‌
28‌
—‌
Put
-
US
Long
Bond
Future;
March
2020
N/A
14‌
$
14‌
$
151.00‌
01/27/2020
2‌
2‌
—‌
Total
$
3,733‌
$
1,076‌
$
(2,657‌)
Written
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Payments/
(Premiums)
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
AbbVie
Inc
N/A
2‌
$
—‌
$
80.00‌
12/23/2019
$
(1‌)
$
(2‌)
$
(1‌)
Call
-
Altria
Group
Inc
N/A
2‌
$
—‌
$
47.50‌
12/23/2019
(1‌)
(1‌)
—‌
Call
-
Altria
Group
Inc
N/A
2‌
$
—‌
$
50.00‌
12/23/2019
—‌
—‌
—‌
Call
-
AmerisourceBergen
Corp
N/A
2‌
$
—‌
$
90.00‌
12/23/2019
—‌
—‌
—‌
Call
-
Automatic
Data
Processing
Inc
N/A
1‌
$
—‌
$
165.00‌
12/23/2019
(1‌)
(1‌)
—‌
Call
-
Best
Buy
Co
Inc
N/A
3‌
$
—‌
$
77.50‌
12/23/2019
—‌
(1‌)
(1‌)
Call
-
Bristol-Myers
Squibb
Co
N/A
1‌
$
—‌
$
50.00‌
12/23/2019
—‌
(1‌)
(1‌)
Call
-
Bristol-Myers
Squibb
Co
N/A
1‌
$
—‌
$
49.00‌
12/23/2019
—‌
(1‌)
(1‌)
Call
-
Bristol-Myers
Squibb
Co
N/A
1‌
$
—‌
$
55.00‌
12/23/2019
—‌
—‌
—‌
Call
-
Cisco
Systems
Inc
N/A
3‌
$
—‌
$
50.00‌
12/23/2019
—‌
—‌
—‌
Call
-
Comcast
Corp
N/A
3‌
$
—‌
$
47.50‌
12/23/2019
—‌
—‌
—‌
Call
-
Eaton
Corp
PLC
N/A
2‌
$
—‌
$
87.50‌
12/23/2019
—‌
(1‌)
(1‌)
Call
-
Enterprise
Products
Partners
LP
N/A
7‌
$
1‌
$
28.00‌
12/23/2019
—‌
—‌
—‌
Call
-
Expedia
Group
Inc
N/A
1‌
$
—‌
$
145.00‌
12/23/2019
—‌
—‌
—‌
Call
-
Fidelity
National
Information
Services
Inc
N/A
1‌
$
—‌
$
140.00‌
12/23/2019
—‌
—‌
—‌
Call
-
FirstEnergy
Corp
N/A
2‌
$
—‌
$
50.00‌
12/23/2019
—‌
—‌
—‌
Call
-
Garmin
Ltd
N/A
2‌
$
—‌
$
90.00‌
12/23/2019
(1‌)
(2‌)
(1‌)
Call
-
Gilead
Sciences
Inc
N/A
1‌
$
—‌
$
67.50‌
12/23/2019
—‌
—‌
—‌
Call
-
Gilead
Sciences
Inc
N/A
1‌
$
—‌
$
70.00‌
12/23/2019
—‌
—‌
—‌
Call
-
Hewlett
Packard
Enterprise
Co
N/A
6‌
$
1‌
$
17.00‌
12/23/2019
—‌
—‌
—‌
Call
-
Insperity
Inc
N/A
1‌
$
—‌
$
110.00‌
12/23/2019
—‌
—‌
—‌
Call
-
Iron
Mountain
Inc
N/A
6‌
$
1‌
$
35.00‌
12/23/2019
—‌
—‌
—‌
Call
-
KLA-Tencor
Corp
N/A
1‌
$
—‌
$
170.00‌
12/23/2019
—‌
—‌
—‌
Call
-
Leidos
Holdings
Inc
N/A
2‌
$
—‌
$
85.00‌
12/23/2019
—‌
(1‌)
(1‌)
Call
-
LPL
Financial
Holdings
Inc
N/A
1‌
$
—‌
$
85.00‌
12/23/2019
—‌
(1‌)
(1‌)
Call
-
Magellan
Midstream
Partners
LP
N/A
1‌
$
—‌
$
67.50‌
12/23/2019
—‌
—‌
—‌
Call
-
McKesson
Corp
N/A
1‌
$
—‌
$
155.00‌
12/23/2019
—‌
—‌
—‌
Call
-
Merck
&
Co
Inc
N/A
2‌
$
—‌
$
87.50‌
12/23/2019
—‌
—‌
—‌
Call
-
MetLife
Inc
N/A
3‌
$
—‌
$
50.00‌
12/23/2019
—‌
—‌
—‌
Call
-
MetLife
Inc
N/A
1‌
$
—‌
$
47.50‌
12/23/2019
—‌
—‌
—‌
Call
-
Microsoft
Corp
N/A
1‌
$
—‌
$
145.00‌
12/23/2019
—‌
(1‌)
(1‌)
Call
-
Omnicom
Group
Inc
N/A
2‌
$
—‌
$
80.00‌
12/23/2019
—‌
—‌
—‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
85
Options
(continued)
Written
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Payments/
(Premiums)
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
Oracle
Corp
N/A
2‌
$
—‌
$
57.50‌
12/23/2019
$
—‌
$
—‌
$
—‌
Call
-
Oracle
Corp
N/A
1‌
$
—‌
$
60.00‌
12/23/2019
—‌
—‌
—‌
Call
-
PACCAR
Inc
N/A
1‌
$
—‌
$
78.00‌
12/23/2019
—‌
—‌
—‌
Call
-
PACCAR
Inc
N/A
1‌
$
—‌
$
75.00‌
12/23/2019
(1‌)
(1‌)
—‌
Call
-
Paychex
Inc
N/A
1‌
$
—‌
$
87.50‌
12/23/2019
—‌
—‌
—‌
Call
-
Philip
Morris
International
Inc
N/A
1‌
$
—‌
$
82.50‌
12/23/2019
—‌
—‌
—‌
Call
-
Phillips
66
N/A
1‌
$
—‌
$
115.00‌
12/23/2019
—‌
—‌
—‌
Call
-
Plains
GP
Holdings
LP
N/A
5‌
$
1‌
$
21.00‌
12/23/2019
—‌
—‌
—‌
Call
-
Procter
&
Gamble
Co/The
N/A
1‌
$
—‌
$
125.00‌
12/23/2019
—‌
—‌
—‌
Call
-
Starbucks
Corp
N/A
2‌
$
—‌
$
90.00‌
12/23/2019
—‌
—‌
—‌
Call
-
Synchrony
Financial
N/A
2‌
$
—‌
$
36.00‌
12/23/2019
—‌
—‌
—‌
Call
-
Synchrony
Financial
N/A
4‌
$
—‌
$
37.00‌
12/23/2019
—‌
—‌
—‌
Call
-
Target
Corp
N/A
1‌
$
—‌
$
120.00‌
12/23/2019
(1‌)
(1‌)
—‌
Call
-
Verizon
Communications
Inc
N/A
2‌
$
—‌
$
62.50‌
12/23/2019
—‌
—‌
—‌
Put
-
S&P
500
Index
N/A
37‌
$
4‌
$
2,550.00‌
09/21/2020
(292‌)
(171‌)
121‌
Put
-
S&P
500
Index
N/A
73‌
$
7‌
$
2,475.00‌
06/22/2020
(442‌)
(163‌)
279‌
Put
-
S&P
500
Index
N/A
37‌
$
4‌
$
2,625.00‌
03/23/2020
(174‌)
(48‌)
126‌
Put
-
S&P
500
Index
N/A
67‌
$
7‌
$
2,325.00‌
12/23/2019
(262‌)
—‌
262‌
Call
-
AUD
versus
CAD
Goldman
Sachs
&
Co
1
AUD
2,046‌
AUD
0.98‌
12/12/2019
(31‌)
—‌
31‌
Call
-
EUR
versus
JPY
UBS
AG
1
EUR
3,581‌
EUR
131.50‌
12/18/2019
(107‌)
—‌
107‌
Call
-
EUR
versus
JPY
Barclays
Bank
PLC
1
EUR
3,581‌
EUR
131.50‌
12/12/2019
(107‌)
—‌
107‌
Call
-
GBP
versus
USD
Citigroup
Inc
1
GBP
1,232‌
GBP
1.32‌
12/10/2019
(6‌)
(2‌)
4‌
Call
-
NZD
versus
CAD
Goldman
Sachs
&
Co
1
NZD
1,535‌
NZD
0.94‌
12/13/2019
(20‌)
—‌
20‌
Call
-
USD
versus
CAD
Bank
of
America
NA
1
$
4,350‌
$
1.35‌
12/23/2019
(29‌)
(2‌)
27‌
Call
-
USD
versus
JPY
Goldman
Sachs
&
Co
1
$
2,558‌
$
107.00‌
12/18/2019
(25‌)
(57‌)
(32‌)
Call
-
USD
versus
JPY
Citigroup
Inc
1
$
5,115‌
$
107.30‌
12/12/2019
(36‌)
(100‌)
(64‌)
Put
-
AUD
versus
CAD
Goldman
Sachs
&
Co
1
AUD
2,046‌
AUD
0.94‌
12/12/2019
(29‌)
(70‌)
(41‌)
Put
-
AUD
versus
JPY
Barclays
Bank
PLC
1
AUD
1,540‌
AUD
71.00‌
12/05/2019
(10‌)
—‌
10‌
Put
-
EUR
versus
JPY
UBS
AG
1
EUR
3,581‌
EUR
124.00‌
12/18/2019
(87‌)
(110‌)
(23‌)
Put
-
EUR
versus
JPY
Barclays
Bank
PLC
1
EUR
3,581‌
EUR
124.30‌
12/12/2019
(94‌)
(120‌)
(26‌)
Put
-
NZD
versus
CAD
Goldman
Sachs
&
Co
1
NZD
1,535‌
NZD
0.89‌
12/13/2019
(22‌)
(44‌)
(22‌)
Put
-
NZD
versus
JPY
Goldman
Sachs
&
Co
1
NZD
2,919‌
NZD
68.00‌
12/19/2019
(65‌)
(1‌)
64‌
Put
-
USD
versus
CAD
Goldman
Sachs
&
Co
1
$
1,848‌
$
1.31‌
12/23/2019
(11‌)
(1‌)
10‌
Put
-
USD
versus
MXN
JPMorgan
Chase
1
$
1,232‌
$
19.50‌
01/16/2020
(12‌)
(9‌)
3‌
Call
-
90
Day
Eurodollar
Future;
December
2019
N/A
40‌
$
100‌
$
98.25‌
12/17/2019
(3‌)
—‌
3‌
Call
-
US
10
Year
Note
Future;
March
2020
N/A
56‌
$
56‌
$
129.50‌
12/30/2019
(35‌)
(28‌)
7‌
Call
-
US
10
Year
Note
Future;
March
2020
N/A
33‌
$
33‌
$
130.50‌
12/30/2019
(10‌)
(6‌)
4‌
Put
-
90
Day
Eurodollar
Future;
December
2020
N/A
1,714‌
$
4,285‌
$
97.50‌
12/16/2019
(212‌)
(11‌)
201‌
Put
-
US
2
Year
Note
Future;
March
2020
N/A
112‌
$
224‌
$
105.75‌
02/24/2020
(2‌)
(2‌)
—‌
Put
-
US
5
Year
Note
Future;
March
2020
N/A
339‌
$
339‌
$
111.75‌
02/24/2020
(2‌)
(3‌)
(1‌)
Put
-
US
Long
Bond
Future;
March
2020
N/A
42‌
$
42‌
$
145.00‌
01/27/2020
(2‌)
(2‌)
—‌
Total
$
(2,133‌)
$
(965‌)
$
1,168‌
Amounts
in
thousands
except
contracts/shares.
Interest
Rate
Swaptions
Purchased
Swaptions
Outstanding
Counterparty
Floating
Rate
Index
Pay/
Receive
Floating
Rate
Notional
Amount
Exercise
Rate
Expiration
Date
Upfront
Payments/
(Premiums)
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
2
Year
Interest
Rate
Swap
Bank
of
America
NA
3
Month
KRW
Certificate
of
Deposit
Receive
KRW
85,700,000‌
1.75%
03/16/2020
$
182‌
$
647‌
$
465‌
Call
-
2
Year
Interest
Rate
Swap
Bank
of
America
NA
3
Month
KRW
Certificate
of
Deposit
Pay
72,500,000‌
0.95%
08/06/2020
192‌
44‌
(148‌)
Total
$
374‌
$
691‌
$
317‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
86
Interest
Rate
Swaptions
(continued)
Written
Swaptions
Outstanding
Counterparty
Floating
Rate
Index
Pay/
Receive
Floating
Rate
Notional
Amount
Exercise
Rate
Expiration
Date
Upfront
Payments/
(Premiums)
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
10
Year
Interest
Rate
Swap
Bank
of
America
NA
3
Month
KRW
Certificate
of
Deposit
Receive
KRW
12,855,000‌
1.70%
03/16/2020
$
(113‌)
$
(390‌)
$
(277‌)
Call
-
10
Year
Interest
Rate
Swap
Bank
of
America
NA
3
Month
KRW
Certificate
of
Deposit
Receive
14,500,000‌
0.80%
08/06/2020
(106‌)
(28‌)
78‌
Put
-
10
Year
Interest
Rate
Swap
Bank
of
America
NA
3
Month
KRW
Certificate
of
Deposit
Pay
12,855,000‌
2.00%
03/16/2020
(71‌)
(3‌)
68‌
Put
-
10
Year
Interest
Rate
Swap
Bank
of
America
NA
3
Month
KRW
Certificate
of
Deposit
Receive
14,500,000‌
1.40%
08/06/2020
(68‌)
(178‌)
(110‌)
Total
$
(358‌)
$
(599‌)
$
(241‌)
Amounts
in
thousands.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
1
Month
SOFR;
November
2019
Short
197‌
$
80,797‌
$
(48‌)
30
Day
Federal
Funds;
April
2020
Short
17‌
6,978‌
4‌
30
Day
Federal
Funds;
August
2020
Short
11‌
4,520‌
7‌
30
Day
Federal
Funds;
December
2019
Short
17‌
6,973‌
(8‌)
30
Day
Federal
Funds;
February
2020
Short
11‌
4,513‌
4‌
30
Day
Federal
Funds;
January
2020
Short
11‌
4,512‌
—‌
30
Day
Federal
Funds;
July
2020
Short
9‌
3,697‌
5‌
30
Day
Federal
Funds;
June
2020
Short
11‌
4,518‌
7‌
30
Day
Federal
Funds;
March
2020
Short
11‌
4,514‌
5‌
30
Day
Federal
Funds;
May
2020
Short
11‌
4,517‌
6‌
30
Day
Federal
Funds;
November
2019
Long
186‌
76,301‌
32‌
30
Day
Federal
Funds;
September
2020
Short
11‌
4,521‌
7‌
90
Day
Eurodollar;
December
2019
Short
59‌
14,469‌
(3‌)
90
Day
Eurodollar;
December
2020
Long
351‌
86,407‌
15‌
90
Day
Eurodollar;
December
2020
Short
2‌
492‌
—‌
90
Day
Eurodollar;
September
2020
Short
8‌
1,969‌
(2‌)
90
Day
Eurodollar;
September
2021
Short
6‌
1,478‌
(8‌)
90
Day
Short
Sterling;
December
2020
Short
12‌
1,926‌
—‌
90
Day
Short
Sterling;
December
2020
Long
281‌
45,109‌
(6‌)
Australia
10
Year
Bond;
December
2019
Long
6‌
597‌
(3‌)
Australia
10
Year
Bond;
December
2019
Long
66‌
6,565‌
102‌
Brent
Crude;
February
2020
(a)
Long
32‌
1,936‌
(40‌)
CAC40
Index;
December
2019
Long
42‌
2,730‌
—‌
Canada
10
Year
Bond;
March
2020
Long
140‌
14,763‌
7‌
Canada
10
Year
Bond;
March
2020
Short
12‌
1,265‌
—‌
Canadian
Bank
Acceptance;
December
2020
Long
61‌
11,271‌
(8‌)
Canadian
Bank
Acceptance;
June
2020
Short
85‌
15,696‌
(3‌)
Canadian
Bank
Acceptance;
June
2021
Long
148‌
27,351‌
(8‌)
Canadian
Bank
Acceptance;
March
2021
Long
47‌
8,686‌
(8‌)
Canadian
Bank
Acceptance;
September
2021
Long
58‌
10,718‌
(9‌)
Cocoa;
March
2020
(a)
Long
33‌
803‌
4‌
Coffee
'C';
March
2020
(a)
Short
19‌
848‌
(49‌)
Corn;
March
2020
(a)
Short
92‌
1,754‌
(17‌)
Cotton
No.2;
March
2020
(a)
Short
17‌
556‌
2‌
DAX
Index;
December
2019
Long
34‌
12,406‌
324‌
DJ
Euro
Stoxx
50;
December
2019
Short
358‌
14,602‌
(887‌)
DJ
Euro
Stoxx
50;
December
2019
Long
279‌
11,380‌
334‌
Dollar
Index;
December
2019
Long
28‌
2,750‌
4‌
E-Mini
DJIA
Index;
December
2019
Long
23‌
3,228‌
33‌
eMini
MSCI
Emerging
Markets;
December
2019
Short
33‌
1,713‌
(64‌)
EUR/USD
Future;
December
2019
Short
34‌
4,687‌
66‌
Euribor;
December
2020
Short
29‌
8,021‌
3‌
Euribor;
December
2020
Short
179‌
49,507‌
38‌
Euro
Bund
10
Year
Bund;
December
2019
Long
49‌
9,236‌
39‌
Euro
Bund
10
Year
Bund;
December
2019
Short
19‌
3,581‌
6‌
Euro
Bund
10
Year
Bund;
March
2020
Short
27‌
5,149‌
—‌
Euro
Buxl
30
Year
Bond;
December
2019
Short
11‌
2,524‌
101‌
Euro
Schatz;
December
2019
Long
125‌
15,422‌
(44‌)
Euro-
Bobl
5
Year;
December
2019
Short
60‌
8,880‌
5‌
FTSE
China
A50
Index;
December
2019
Short
11‌
149‌
2‌
FTSE100
Index;
December
2019
Short
57‌
5,429‌
(54‌)
FTSE100
Index;
December
2019
Long
69‌
6,572‌
22‌
Gasoline
RBOB;
January
2020
(a)
Long
31‌
2,071‌
(18‌)
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
87
Futures
Contracts
(continued)
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
GBP/USD
Future;
December
2019
Short
11‌
$
889‌
$
(41‌)
Gold
100
oz;
February
2020
(a)
Long
33‌
4,860‌
24‌
Hang
Seng
Index;
December
2019
Long
7‌
1,177‌
(34‌)
Hang
Seng
Index;
December
2019
Short
6‌
1,009‌
31‌
HSCEI
China
Index;
December
2019
Short
18‌
1,184‌
11‌
Japan
10
Year
Bond
TSE;
December
2019
Long
1‌
1,400‌
(9‌)
Japan
10
Year
Bond
TSE;
December
2019
Long
8‌
11,198‌
(65‌)
Japan
Topix
Index;
December
2019
Long
65‌
10,081‌
100‌
Japan
Topix
Index;
December
2019
Short
29‌
4,498‌
(463‌)
KC
HRW
Wheat;
March
2020
(a)
Short
36‌
805‌
(40‌)
LME
Copper;
December
2019
(a)
Short
—‌
—‌
(225‌)
LME
Copper;
March
2020
(a)
Short
23‌
3,373‌
41‌
LME
PRI
Alum;
December
2019
(a)
Short
—‌
—‌
(19‌)
LME
PRI
Alum;
March
2020
(a)
Short
66‌
2,928‌
71‌
LME
Zinc;
December
2019
(a)
Short
—‌
—‌
(275‌)
LME
Zinc;
March
2020
(a)
Short
38‌
2,154‌
190‌
Low
Sulphur
Gasoline;
January
2020
(a)
Short
12‌
686‌
(1‌)
Mini
Japan
10
Year
Bond;
December
2019
Long
9‌
1,260‌
(2‌)
Nasdaq
100
E-Mini;
December
2019
Long
48‌
8,081‌
302‌
Natural
Gas;
January
2020
(a)
Short
43‌
981‌
123‌
Nikkei
225
OSE;
December
2019
Short
6‌
1,277‌
(60‌)
Nikkei
225
OSE;
December
2019
Long
50‌
10,642‌
243‌
NY
Harb
ULSD;
January
2020
(a)
Long
22‌
1,736‌
14‌
Russell
2000
Emini
;
December
2019
Long
70‌
5,683‌
132‌
Russell
2000
Emini
;
December
2019
Short
182‌
14,777‌
(524‌)
S&P
500
Emini
;
December
2019
Short
61‌
9,588‌
(396‌)
S&P
500
Emini
;
December
2019
Long
72‌
11,317‌
320‌
S&P
Mid
400
Emini
;
December
2019
Short
7‌
1,407‌
(95‌)
S&P/TSX
60
Index;
December
2019
Short
10‌
1,532‌
(27‌)
Short
Term
Euro-BTP;
December
2019
Long
202‌
24,960‌
(104‌)
Silver;
March
2020
(a)
Long
38‌
3,250‌
(27‌)
Soybean
Meal;
March
2020
(a)
Short
23‌
683‌
21‌
Soybean
Oil;
March
2020
(a)
Long
3‌
56‌
(1‌)
Soybean;
March
2020
(a)
Short
46‌
2,050‌
24‌
Sugar
#11;
March
2020
(a)
Short
47‌
681‌
(41‌)
UK
10
Year
Gilt;
March
2020
Long
8‌
1,374‌
(2‌)
UK
10
Year
Gilt;
March
2020
Long
94‌
16,140‌
1‌
US
10
Year
Note;
March
2020
Long
196‌
25,354‌
(32‌)
US
10
Year
Note;
March
2020
Short
46‌
5,951‌
6‌
US
10
Year
Note;
March
2020
Short
317‌
41,007‌
68‌
US
10
Year
Ultra
Note;
March
2020
Long
106‌
15,075‌
(41‌)
US
2
Year
Note;
March
2020
Long
55‌
11,857‌
3‌
US
2
Year
Note;
March
2020
Long
219‌
47,213‌
(2‌)
US
5
Year
Note;
March
2020
Long
269‌
32,003‌
(8‌)
US
5
Year
Note;
March
2020
Short
135‌
16,061‌
22‌
US
Long
Bond;
March
2020
Long
83‌
13,194‌
(16‌)
US
Long
Bond;
March
2020
Short
35‌
5,564‌
(4‌)
US
Long
Bond;
March
2020
Short
1‌
159‌
—‌
US
Ultra
Bond;
March
2020
Short
101‌
18,960‌
42‌
US
Ultra
Bond;
March
2020
Short
22‌
4,130‌
(1‌)
Wheat;
March
2020
(a)
Long
37‌
1,002‌
45‌
WTI
Crude;
January
2020
(a)
Short
14‌
772‌
32‌
Total
$
(792‌)
Amounts
in
thousands
except
contracts.
(a)
All
or
a
portion
of
this
security
is
owned
by
the
GMS
Cayman
Corporation,
which
is
a
100%
owned
subsidiary
of
the
fund.
Foreign
Currency
Contracts
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
Bank
of
America
NA
12/18/2019
$
1,582‌
GBP
1,276‌
$
—‌
$
(69‌)
Bank
of
America
NA
12/20/2019
$
23,898‌
AUD
34,775‌
368‌
—‌
Bank
of
America
NA
12/20/2019
AUD
1,662‌
$
1,118‌
7‌
—‌
Bank
of
America
NA
12/20/2019
AUD
17,421‌
$
11,845‌
—‌
(58‌)
Bank
of
America
NA
12/20/2019
$
805‌
AUD
1,191‌
—‌
(1‌)
Bank
of
America
NA
12/20/2019
$
268‌
GBP
207‌
—‌
—‌
Bank
of
America
NA
12/20/2019
GBP
23,013‌
$
28,858‌
925‌
—‌
Bank
of
America
NA
12/20/2019
GBP
2,247‌
$
2,912‌
—‌
(4‌)
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
88
Foreign
Currency
Contracts
(continued)
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
Bank
of
America
NA
12/20/2019
$
33,062‌
GBP
26,585‌
$
—‌
$
(1,344‌)
Bank
of
America
NA
12/20/2019
CAD
38,724‌
$
29,423‌
—‌
(261‌)
Bank
of
America
NA
12/20/2019
$
19,619‌
CAD
26,096‌
—‌
(33‌)
Bank
of
America
NA
12/20/2019
$
11,811‌
CAD
15,637‌
35‌
—‌
Bank
of
America
NA
12/20/2019
$
55,946‌
EUR
50,472‌
261‌
—‌
Bank
of
America
NA
12/20/2019
EUR
12,037‌
$
13,241‌
39‌
—‌
Bank
of
America
NA
12/20/2019
$
4,862‌
EUR
4,416‌
—‌
(10‌)
Bank
of
America
NA
12/20/2019
EUR
17,563‌
$
19,522‌
—‌
(145‌)
Bank
of
America
NA
12/20/2019
$
44,144‌
JPY
4,775,382‌
426‌
—‌
Bank
of
America
NA
12/20/2019
JPY
2,225,503‌
$
20,740‌
—‌
(366‌)
Bank
of
America
NA
12/20/2019
JPY
315,059‌
$
2,879‌
5‌
—‌
Bank
of
America
NA
12/20/2019
$
312‌
MXN
6,094‌
1‌
—‌
Bank
of
America
NA
12/20/2019
$
3,133‌
MXN
62,340‌
—‌
(45‌)
Bank
of
America
NA
12/20/2019
MXN
107,869‌
$
5,453‌
46‌
—‌
Bank
of
America
NA
12/20/2019
MXN
30,446‌
$
1,579‌
—‌
(27‌)
Bank
of
America
NA
12/20/2019
$
7,270‌
NZD
11,308‌
10‌
—‌
Bank
of
America
NA
12/20/2019
NZD
7,632‌
$
4,817‌
83‌
—‌
Bank
of
America
NA
12/20/2019
$
2,343‌
NZD
3,693‌
—‌
(28‌)
Bank
of
America
NA
12/20/2019
NZD
351‌
$
226‌
—‌
(1‌)
Bank
of
America
NA
12/20/2019
CHF
9,899‌
$
10,025‌
—‌
(105‌)
Bank
of
America
NA
12/20/2019
$
18,957‌
CHF
18,703‌
214‌
—‌
Bank
of
New
York
Mellon
12/03/2019
BRL
120‌
$
31‌
—‌
(3‌)
Bank
of
New
York
Mellon
12/03/2019
$
15‌
BRL
60‌
1‌
—‌
Bank
of
New
York
Mellon
12/11/2019
ZAR
8,045‌
$
521‌
28‌
—‌
Bank
of
New
York
Mellon
12/11/2019
$
544‌
ZAR
8,045‌
—‌
(5‌)
Bank
of
New
York
Mellon
12/18/2019
$
1,603‌
GBP
1,265‌
—‌
(34‌)
Bank
of
New
York
Mellon
12/18/2019
GBP
2,997‌
$
3,776‌
103‌
—‌
Bank
of
New
York
Mellon
12/18/2019
$
97‌
GBP
75‌
—‌
—‌
Bank
of
New
York
Mellon
12/18/2019
EUR
1,975‌
$
2,178‌
1‌
—‌
Bank
of
New
York
Mellon
12/18/2019
$
12,687‌
EUR
11,385‌
128‌
—‌
Bank
of
New
York
Mellon
12/18/2019
EUR
4,635‌
$
5,136‌
—‌
(23‌)
Bank
of
New
York
Mellon
12/18/2019
$
177‌
EUR
160‌
—‌
—‌
Bank
of
New
York
Mellon
12/18/2019
HKD
1,500‌
$
192‌
—‌
—‌
Bank
of
New
York
Mellon
12/18/2019
$
536‌
HKD
4,200‌
—‌
—‌
Bank
of
New
York
Mellon
12/18/2019
$
96‌
HKD
750‌
—‌
—‌
Bank
of
New
York
Mellon
12/18/2019
JPY
630,000‌
$
5,885‌
—‌
(119‌)
Bank
of
New
York
Mellon
12/18/2019
$
19,427‌
JPY
2,087,600‌
319‌
—‌
Bank
of
New
York
Mellon
12/18/2019
NOK
24,880‌
$
2,730‌
—‌
(31‌)
Bank
of
New
York
Mellon
12/18/2019
$
4,421‌
NOK
39,600‌
125‌
—‌
Bank
of
New
York
Mellon
12/18/2019
$
485‌
SEK
4,700‌
—‌
(6‌)
Bank
of
New
York
Mellon
12/18/2019
CHF
50‌
$
51‌
—‌
(1‌)
Bank
of
New
York
Mellon
12/18/2019
$
1,197‌
CHF
1,175‌
20‌
—‌
Bank
of
New
York
Mellon
12/20/2019
EUR
391‌
$
434‌
—‌
(2‌)
Bank
of
New
York
Mellon
12/20/2019
$
7,767‌
EUR
6,988‌
57‌
—‌
Bank
of
New
York
Mellon
01/17/2020
$
3,971‌
GBP
3,100‌
—‌
(45‌)
Bank
of
New
York
Mellon
01/24/2020
$
6,836‌
EUR
6,105‌
84‌
—‌
Bank
of
New
York
Mellon
02/18/2020
$
126‌
ZAR
1,892‌
—‌
(2‌)
Bank
of
New
York
Mellon
03/13/2020
$
7,543‌
EUR
6,475‌
361‌
—‌
Bank
of
New
York
Mellon
03/13/2020
EUR
6,475‌
$
7,354‌
—‌
(172‌)
Bank
of
New
York
Mellon
06/12/2020
$
1,300‌
EUR
1,119‌
52‌
—‌
Barclays
Bank
PLC
12/02/2019
$
94‌
MXN
1,837‌
—‌
—‌
Barclays
Bank
PLC
12/02/2019
MXN
1,837‌
$
94‌
—‌
—‌
Barclays
Bank
PLC
12/03/2019
$
409‌
BRL
1,550‌
43‌
—‌
Barclays
Bank
PLC
12/03/2019
$
659‌
BRL
2,806‌
—‌
(4‌)
Barclays
Bank
PLC
12/03/2019
BRL
4,198‌
$
1,067‌
—‌
(76‌)
Barclays
Bank
PLC
12/03/2019
$
830‌
ZAR
12,582‌
—‌
(29‌)
Barclays
Bank
PLC
12/03/2019
$
5,440‌
ZAR
79,159‌
37‌
—‌
Barclays
Bank
PLC
12/03/2019
ZAR
12,582‌
$
830‌
29‌
—‌
Barclays
Bank
PLC
12/03/2019
ZAR
79,159‌
$
5,440‌
—‌
(37‌)
Barclays
Bank
PLC
12/04/2019
$
549‌
ZAR
8,321‌
—‌
(19‌)
Barclays
Bank
PLC
12/04/2019
KRW
1,984,310‌
$
1,702‌
—‌
(22‌)
Barclays
Bank
PLC
12/04/2019
$
1,702‌
KRW
1,980,468‌
25‌
—‌
Barclays
Bank
PLC
12/04/2019
CHF
562‌
$
564‌
—‌
(1‌)
Barclays
Bank
PLC
12/06/2019
GBP
564‌
$
726‌
3‌
—‌
Barclays
Bank
PLC
12/06/2019
$
365‌
GBP
282‌
—‌
—‌
Barclays
Bank
PLC
12/06/2019
$
564‌
CAD
750‌
—‌
(1‌)
Barclays
Bank
PLC
12/06/2019
$
10,670‌
CNH
75,338‌
—‌
(45‌)
Barclays
Bank
PLC
12/06/2019
CNH
8,482‌
$
1,201‌
5‌
—‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
89
Foreign
Currency
Contracts
(continued)
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
Barclays
Bank
PLC
12/06/2019
$
2,180‌
EUR
1,974‌
$
5‌
$
—‌
Barclays
Bank
PLC
12/06/2019
EUR
1,692‌
$
1,863‌
2‌
—‌
Barclays
Bank
PLC
12/06/2019
$
931‌
EUR
846‌
—‌
(1‌)
Barclays
Bank
PLC
12/06/2019
EUR
1,692‌
$
1,872‌
—‌
(7‌)
Barclays
Bank
PLC
12/06/2019
$
924‌
IDR
13,188,252‌
—‌
(11‌)
Barclays
Bank
PLC
12/06/2019
IDR
22,080,828‌
$
1,540‌
25‌
—‌
Barclays
Bank
PLC
12/06/2019
$
616‌
IDR
8,682,520‌
1‌
—‌
Barclays
Bank
PLC
12/06/2019
NZD
846‌
$
542‌
1‌
—‌
Barclays
Bank
PLC
12/06/2019
NZD
1,916‌
$
1,232‌
—‌
(2‌)
Barclays
Bank
PLC
12/06/2019
NOK
2,862‌
$
310‌
—‌
—‌
Barclays
Bank
PLC
12/06/2019
NOK
20,643‌
$
2,249‌
—‌
(10‌)
Barclays
Bank
PLC
12/06/2019
$
621‌
NOK
5,702‌
3‌
—‌
Barclays
Bank
PLC
12/06/2019
SEK
5,952‌
$
622‌
—‌
—‌
Barclays
Bank
PLC
12/06/2019
$
1,247‌
SEK
12,023‌
—‌
(9‌)
Barclays
Bank
PLC
12/09/2019
$
1,027‌
EUR
924‌
8‌
—‌
Barclays
Bank
PLC
12/09/2019
$
2,451‌
JPY
266,323‌
16‌
—‌
Barclays
Bank
PLC
12/09/2019
KRW
872,473‌
$
742‌
—‌
(3‌)
Barclays
Bank
PLC
12/09/2019
$
1,113‌
KRW
1,286,420‌
24‌
—‌
Barclays
Bank
PLC
12/09/2019
$
1,232‌
THB
37,662‌
—‌
(15‌)
Barclays
Bank
PLC
12/09/2019
THB
37,570‌
$
1,232‌
12‌
—‌
Barclays
Bank
PLC
12/10/2019
CNH
21,935‌
$
3,152‌
—‌
(33‌)
Barclays
Bank
PLC
12/10/2019
$
3,152‌
CNH
21,943‌
32‌
—‌
Barclays
Bank
PLC
12/13/2019
$
19‌
CAD
25‌
—‌
—‌
Barclays
Bank
PLC
12/13/2019
CAD
1,506‌
$
1,134‌
—‌
—‌
Barclays
Bank
PLC
12/13/2019
CAD
587‌
$
441‌
1‌
—‌
Barclays
Bank
PLC
12/13/2019
$
1,596‌
CAD
2,120‌
—‌
(1‌)
Barclays
Bank
PLC
12/16/2019
$
154‌
AUD
227‌
—‌
—‌
Barclays
Bank
PLC
12/16/2019
$
885‌
AUD
1,303‌
3‌
—‌
Barclays
Bank
PLC
12/16/2019
AUD
2,051‌
$
1,392‌
—‌
(4‌)
Barclays
Bank
PLC
12/16/2019
GBP
161‌
$
208‌
—‌
—‌
Barclays
Bank
PLC
12/16/2019
$
89‌
GBP
69‌
—‌
—‌
Barclays
Bank
PLC
12/16/2019
$
336‌
EUR
305‌
—‌
—‌
Barclays
Bank
PLC
12/16/2019
EUR
195‌
$
215‌
—‌
—‌
Barclays
Bank
PLC
12/16/2019
$
1,418‌
EUR
1,280‌
6‌
—‌
Barclays
Bank
PLC
12/16/2019
EUR
718‌
$
792‌
—‌
—‌
Barclays
Bank
PLC
12/16/2019
$
1,474‌
HUF
450,975‌
—‌
(13‌)
Barclays
Bank
PLC
12/16/2019
$
459‌
JPY
50,195‌
—‌
—‌
Barclays
Bank
PLC
12/16/2019
$
1,643‌
JPY
178,232‌
12‌
—‌
Barclays
Bank
PLC
12/16/2019
JPY
39,369‌
$
360‌
—‌
—‌
Barclays
Bank
PLC
12/16/2019
NZD
599‌
$
385‌
—‌
—‌
Barclays
Bank
PLC
12/16/2019
$
613‌
NZD
954‌
—‌
—‌
Barclays
Bank
PLC
12/16/2019
$
791‌
NZD
1,233‌
—‌
(1‌)
Barclays
Bank
PLC
12/16/2019
NZD
2,394‌
$
1,535‌
2‌
—‌
Barclays
Bank
PLC
12/16/2019
$
685‌
NOK
6,287‌
3‌
—‌
Barclays
Bank
PLC
12/16/2019
NOK
12,760‌
$
1,394‌
—‌
(10‌)
Barclays
Bank
PLC
12/16/2019
SEK
1,846‌
$
193‌
—‌
—‌
Barclays
Bank
PLC
12/16/2019
SEK
1,995‌
$
207‌
2‌
—‌
Barclays
Bank
PLC
12/16/2019
$
481‌
SEK
4,601‌
—‌
—‌
Barclays
Bank
PLC
12/16/2019
$
259‌
SEK
2,489‌
—‌
(1‌)
Barclays
Bank
PLC
12/18/2019
$
2,117‌
GBP
1,708‌
—‌
(93‌)
Barclays
Bank
PLC
12/18/2019
CNH
108,298‌
$
15,218‌
180‌
—‌
Barclays
Bank
PLC
12/18/2019
$
7,794‌
CNH
55,510‌
—‌
(98‌)
Barclays
Bank
PLC
12/18/2019
JPY
59,385‌
$
549‌
—‌
(5‌)
Barclays
Bank
PLC
12/18/2019
NOK
5,033‌
$
549‌
—‌
(3‌)
Barclays
Bank
PLC
12/19/2019
$
5,154‌
EUR
4,657‌
17‌
—‌
Barclays
Bank
PLC
12/19/2019
JPY
560,398‌
$
5,154‌
—‌
(24‌)
Barclays
Bank
PLC
12/20/2019
BRL
5,031‌
$
1,202‌
—‌
(15‌)
Barclays
Bank
PLC
12/20/2019
$
1,202‌
BRL
4,842‌
59‌
—‌
Barclays
Bank
PLC
12/24/2019
CNH
6,852‌
$
969‌
5‌
—‌
Barclays
Bank
PLC
12/31/2019
BRL
9,876‌
$
2,390‌
—‌
(60‌)
Barclays
Bank
PLC
12/31/2019
$
2,389‌
BRL
9,629‌
118‌
—‌
Barclays
Bank
PLC
01/02/2020
BRL
1,289‌
$
308‌
—‌
(4‌)
Barclays
Bank
PLC
01/02/2020
$
308‌
BRL
1,266‌
9‌
—‌
Barclays
Bank
PLC
01/02/2020
PEN
5,505‌
$
1,631‌
—‌
(14‌)
Barclays
Bank
PLC
01/02/2020
$
2,912‌
PEN
9,893‌
6‌
—‌
Barclays
Bank
PLC
01/09/2020
EUR
1,124‌
$
1,243‌
—‌
(2‌)
Barclays
Bank
PLC
01/09/2020
$
370‌
EUR
330‌
5‌
—‌
Barclays
Bank
PLC
01/09/2020
$
988‌
JPY
106,722‌
9‌
—‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
90
Foreign
Currency
Contracts
(continued)
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
Barclays
Bank
PLC
01/09/2020
JPY
201,694‌
$
1,900‌
$
—‌
$
(50‌)
Barclays
Bank
PLC
01/10/2020
$
549‌
THB
16,769‌
—‌
(6‌)
Barclays
Bank
PLC
01/17/2020
$
5,947‌
CNH
42,000‌
—‌
(20‌)
Barclays
Bank
PLC
01/17/2020
CNH
42,000‌
$
5,965‌
2‌
—‌
Barclays
Bank
PLC
01/17/2020
KRW
5,243,841‌
$
4,501‌
—‌
(54‌)
Barclays
Bank
PLC
01/21/2020
$
274‌
EUR
245‌
3‌
—‌
Barclays
Bank
PLC
01/22/2020
BRL
2,292‌
$
549‌
—‌
(9‌)
Barclays
Bank
PLC
01/22/2020
CNH
1,155‌
$
165‌
—‌
(1‌)
Barclays
Bank
PLC
01/22/2020
$
549‌
CNH
3,895‌
—‌
(4‌)
Barclays
Bank
PLC
01/22/2020
MXN
7,167‌
$
369‌
—‌
(5‌)
Barclays
Bank
PLC
01/22/2020
$
768‌
MXN
14,925‌
11‌
—‌
Barclays
Bank
PLC
01/28/2020
$
1,598‌
KRW
1,877,143‌
6‌
—‌
Barclays
Bank
PLC
02/05/2020
$
695‌
ZAR
10,495‌
—‌
(15‌)
Barclays
Bank
PLC
02/10/2020
EUR
2,332‌
$
2,597‌
—‌
(16‌)
Barclays
Bank
PLC
02/10/2020
$
2,588‌
EUR
2,332‌
7‌
—‌
Barclays
Bank
PLC
02/10/2020
RON
11,203‌
$
2,589‌
—‌
(14‌)
Barclays
Bank
PLC
02/10/2020
$
2,597‌
RON
11,201‌
23‌
—‌
Barclays
Bank
PLC
02/12/2020
IDR
23,091,698‌
$
1,631‌
—‌
(7‌)
Barclays
Bank
PLC
02/24/2020
MYR
6,788‌
$
1,630‌
—‌
(6‌)
Barclays
Bank
PLC
03/02/2020
BRL
2,818‌
$
659‌
4‌
—‌
Barclays
Bank
PLC
04/10/2020
$
820‌
TRY
5,031‌
—‌
(30‌)
Barclays
Bank
PLC
04/10/2020
$
116‌
TRY
688‌
—‌
—‌
Barclays
Bank
PLC
04/22/2020
$
3,592‌
BRL
15,067‌
55‌
—‌
Barclays
Bank
PLC
04/22/2020
BRL
32,071‌
$
7,937‌
—‌
(409‌)
Citigroup
Inc
01/07/2020
$
3,543‌
EUR
3,204‌
3‌
—‌
Citigroup
Inc
01/17/2020
$
1,934‌
CLP
1,550,000‌
—‌
—‌
Citigroup
Inc
01/17/2020
$
3,024‌
HUF
920,000‌
—‌
(16‌)
Citigroup
Inc
01/30/2020
BRL
3,200‌
$
799‌
—‌
(45‌)
Citigroup
Inc
02/18/2020
$
3,841‌
SGD
5,230‌
12‌
—‌
Credit
Suisse
12/18/2019
$
1,584‌
GBP
1,274‌
—‌
(65‌)
Credit
Suisse
12/18/2019
$
4,037‌
EUR
3,657‌
3‌
—‌
Credit
Suisse
01/02/2020
$
959‌
COP
3,330,000‌
13‌
—‌
Deutsche
Bank
AG
12/18/2019
EUR
1,584‌
$
1,741‌
6‌
—‌
Deutsche
Bank
AG
12/18/2019
JPY
997,592‌
$
9,330‌
—‌
(199‌)
Deutsche
Bank
AG
01/31/2020
GBP
315‌
$
407‌
1‌
—‌
Deutsche
Bank
AG
01/31/2020
$
1,349‌
GBP
1,046‌
—‌
(7‌)
Deutsche
Bank
AG
01/31/2020
$
460‌
EUR
412‌
4‌
—‌
Goldman
Sachs
&
Co
12/18/2019
EUR
1,920‌
$
2,126‌
—‌
(8‌)
HSBC
Securities
Inc
01/07/2020
$
778‌
EUR
701‌
3‌
—‌
HSBC
Securities
Inc
01/07/2020
EUR
165‌
$
182‌
—‌
—‌
HSBC
Securities
Inc
01/17/2020
$
4,432‌
BRL
18,900‌
—‌
(23‌)
HSBC
Securities
Inc
01/17/2020
$
2,954‌
MXN
57,375‌
41‌
—‌
HSBC
Securities
Inc
01/17/2020
$
6,356‌
ZAR
94,925‌
—‌
(84‌)
HSBC
Securities
Inc
01/17/2020
$
4,479‌
KRW
5,243,841‌
32‌
—‌
HSBC
Securities
Inc
01/22/2020
AUD
1,390‌
$
954‌
—‌
(13‌)
JPMorgan
Chase
12/18/2019
$
9,730‌
EUR
8,766‌
60‌
—‌
JPMorgan
Chase
01/17/2020
$
1,825‌
CLP
1,400,000‌
78‌
—‌
Merrill
Lynch
01/15/2020
NOK
16,955‌
$
1,860‌
—‌
(20‌)
Merrill
Lynch
01/21/2020
$
401‌
CAD
530‌
2‌
—‌
Merrill
Lynch
02/21/2020
$
212‌
EUR
190‌
1‌
—‌
Morgan
Stanley
&
Co
12/03/2019
$
226‌
BRL
925‌
8‌
—‌
Morgan
Stanley
&
Co
12/03/2019
BRL
865‌
$
208‌
—‌
(4‌)
Morgan
Stanley
&
Co
12/18/2019
$
1,666‌
CNH
11,757‌
—‌
(6‌)
Morgan
Stanley
&
Co
12/18/2019
CNH
2,107‌
$
300‌
—‌
—‌
Morgan
Stanley
&
Co
12/18/2019
$
100‌
CNH
699‌
1‌
—‌
Morgan
Stanley
&
Co
12/18/2019
CNH
4,542‌
$
638‌
8‌
—‌
Morgan
Stanley
&
Co
12/18/2019
KRW
476,211‌
$
408‌
—‌
(5‌)
Morgan
Stanley
&
Co
12/18/2019
$
406‌
KRW
476,211‌
3‌
—‌
Morgan
Stanley
&
Co
12/31/2019
$
248‌
GBP
200‌
—‌
(11‌)
Morgan
Stanley
&
Co
12/31/2019
GBP
200‌
$
258‌
1‌
—‌
Morgan
Stanley
&
Co
01/31/2020
$
3,551‌
ZAR
52,530‌
—‌
(6‌)
Morgan
Stanley
&
Co
03/03/2020
$
86‌
BRL
365‌
—‌
—‌
Royal
Bank
of
Scotland
12/18/2019
GBP
447‌
$
557‌
21‌
—‌
Royal
Bank
of
Scotland
12/18/2019
$
926‌
EUR
832‌
8‌
—‌
Royal
Bank
of
Scotland
12/18/2019
$
1,189‌
JPY
127,000‌
27‌
—‌
Standard
Chartered
Bank,
Hong
Kong
12/18/2019
$
9,920‌
JPY
1,062,792‌
192‌
—‌
State
Street
Financial
Global
Markets
12/18/2019
JPY
312,200‌
$
2,909‌
—‌
(51‌)
UBS
AG
12/16/2019
MYR
7,875‌
$
1,872‌
12‌
—‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
91
Foreign
Currency
Contracts
(continued)
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
UBS
AG
12/18/2019
$
1,117‌
JPY
120,000‌
$
19‌
$
—‌
UBS
AG
01/15/2020
HUF
275,915‌
$
920‌
—‌
(8‌)
UBS
AG
01/22/2020
$
1,924‌
THB
58,310‌
—‌
(8‌)
Total
$
5,077‌
$
(4,838‌)
Amounts
in
thousands.
Credit
Default
Swaps
Buy
Protection
Counterparty
Reference
Entity
Implied
Credit
Spread
as
of
November
30,
2019
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Payments/
(Receipts)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
Asset
----
Liability
Morgan
Stanley
&
Co
CDX.32.EM.100
N/A
(
1.00)%
Quarterly
12/20/2024
$
1,500‌
$
71‌
$
1‌
$
72‌
$
—‌
Morgan
Stanley
&
Co
CDX.32.EM.100
N/A
(
1.00)%
Quarterly
12/20/2024
1,800‌
96‌
(10‌)
86‌
—‌
Morgan
Stanley
&
Co
Enel
Spa,
5.25%,
05/20/2024
0.49%
(
1.00)%
Quarterly
12/20/2023
EUR
1,120‌
6‌
(32‌)
—‌
(26‌)
Total
$
173‌
$
(41‌)
$
158‌
$
(26‌)
Sell
Protection
Counterparty
Reference
Entity
Implied
Credit
Spread
as
of
November
30,
2019
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
(b)
Upfront
Payments/
(Receipts)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
(c)
Asset
----
Liability
Citigroup
Inc
Petroleos
Mexicanos
,
6.63%,
06/15/2035
2.31%
1.00%
Quarterly
06/20/2024
$
925‌
$
(68‌)
$
17‌
$
—‌
$
(51‌)
Goldman
Sachs
&
Co
Petroleos
Mexicanos
,
6.63%,
06/15/2035
2.31%
1.00%
Quarterly
06/20/2024
925‌
(69‌)
18‌
—‌
(51‌)
JPMorgan
Chase
Petroleos
Mexicanos
,
6.63%,
06/15/2035
2.31%
1.00%
Quarterly
06/20/2024
2,550‌
(194‌)
53‌
—‌
(141‌)
Total
$
(331‌)
$
88‌
$
—‌
$
(243‌)
Amounts
in
thousands.
Exchange
Cleared
Credit
Default
Swaps
Buy
Protection
Reference
Entity
Implied
Credit
Spread
as
of
November
30,
2019
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Payments/
(Receipts)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
Argentine
Republic
Government
International
Bond,
7.50%,
04/22/2026
6.52%
(
5.00)%
Quarterly
06/20/2023
$
4,385‌
$
2,413‌
$
299‌
$
2,712‌
Turkey
Government
International
Bond,
11.88%,
01/15/2030
3.39%
(
1.00)%
Quarterly
12/20/2024
3,294‌
424‌
(102‌)
322‌
Total
$
2,837‌
$
197‌
$
3,034‌
Amounts
in
thousands.
(a)
Implied
credit
spreads,
represented
in
absolute
terms,
used
in
determining
the
market
value
of
credit
default
swap
agreements
on
corporate
issues
or
sovereign
issues
as
of
period
end
serve
as
an
indicator
of
the
current
status
of
the
payment/performance
risk
and
represent
the
likelihood
or
risk
of
default
for
the
credit
derivative.
The
implied
credit
spread
of
a
particular
referenced
entity
reflects
the
cost
of
buying/selling
protection
and
may
include
upfront
payments
required
to
be
made
to
enter
into
the
agreement.
Wider
credit
spreads
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.
(b)
The
maximum
potential
payment
amount
that
the
seller
of
credit
protection
could
be
required
to
make
if
a
credit
event
occurs
as
defined
under
the
terms
of
that
particular
swap
agreement
is
$4,400.
(c)
The
market
price
and
resulting
market
value
for
credit
default
swap
agreements
on
an
issuer
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
default
swap
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.
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
92
Interest
Rate
Swaps
Counterparty
Floating
Rate
Index
(Pay)/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid
by
Fund
Payment
Frequency
Received
by
Fund
Effective
Date
(a)
Maturity
Date
Notional
Amount
Unrealized
Appreciation/
(Depreciation)
Upfront
Payments/
(Receipts)
Fair
Value
Asset
Liability
Bank
of
America
NA
China
Foreign
Exchange
Trade
System
Fixing
Repo
Rates
7
Day
Pay
2.78%
Quarterly
Quarterly
N/A
08/22/2024
CNY
16,312‌
$
(13‌)
$
—‌
$
—‌
$
(13‌)
Bank
of
America
NA
China
Foreign
Exchange
Trade
System
Fixing
Repo
Rates
7
Day
Pay
3.77%
Quarterly
Quarterly
N/A
09/18/2022
5,859‌
22‌
1‌
23‌
—‌
Bank
of
America
NA
China
Foreign
Exchange
Trade
System
Fixing
Repo
Rates
7
Day
Pay
3.85%
Quarterly
Quarterly
N/A
09/08/2022
8,370‌
35‌
—‌
35‌
—‌
Bank
of
America
NA
China
Foreign
Exchange
Trade
System
Fixing
Repo
Rates
7
Day
Pay
3.63%
Quarterly
Quarterly
N/A
05/04/2023
21,937‌
81‌
1‌
82‌
—‌
Bank
of
America
NA
China
Foreign
Exchange
Trade
System
Fixing
Repo
Rates
7
Day
Pay
3.72%
Quarterly
Quarterly
N/A
06/22/2022
11,886‌
41‌
—‌
41‌
—‌
Bank
of
America
NA
China
Foreign
Exchange
Trade
System
Fixing
Repo
Rates
7
Day
Pay
3.98%
Quarterly
Quarterly
N/A
03/24/2022
9,200‌
37‌
—‌
37‌
—‌
Barclays
Bank
PLC
6
Month
Warsaw
Interbank
Offered
Rate
Receive
2.20%
Annual
Semiannual
N/A
12/12/2023
PLN
10,712‌
(59‌)
—‌
—‌
(59‌)
Barclays
Bank
PLC
China
Foreign
Exchange
Trade
System
Fixing
Repo
Rates
7
Day
Pay
2.98%
Quarterly
Quarterly
N/A
12/12/2023
CNY
7,120‌
4‌
—‌
4‌
—‌
JPMorgan
Chase
Sinacofi
Chile
Interbank
Rate
Avg
Receive
1.51%
Semiannual
Semiannual
N/A
12/18/2021
CLP
14,850,000‌
118‌
—‌
118‌
—‌
Morgan
Stanley
&
Co
China
Foreign
Exchange
Trade
System
Fixing
Repo
Rates
7
Day
Pay
3.09%
Quarterly
Quarterly
N/A
11/08/2024
CNY
18,894‌
21‌
—‌
21‌
—‌
Total
$
287‌
$
2‌
$
361‌
$
(72‌)
Amounts
in
thousands.
Exchange
Cleared
Interest
Rate
Swaps
Floating
Rate
Index
(Pay)/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid
by
Fund
Payment
Frequency
Received
by
Fund
Effective
Date
(a)
Maturity
Date
Notional
Amount
Unrealized
Appreciation/
(Depreciation)
Upfront
Payments/
(Receipts)
Fair
Value
3
Month
Johannesburg
Interbank
Agreed
Rate
Receive
7.51%
Quarterly
Quarterly
N/A
12/21/2026
ZAR
23,400‌
$
(3‌)
$
—‌
$
(3‌)
3
Month
Johannesburg
Interbank
Agreed
Rate
Receive
7.50%
Quarterly
Quarterly
N/A
12/21/2026
23,400‌
(2‌)
(1‌)
(3‌)
3
Month
Johannesburg
Interbank
Agreed
Rate
Receive
6.59%
Quarterly
Quarterly
N/A
11/11/2022
105,000‌
48‌
1‌
49‌
3
Month
Johannesburg
Interbank
Agreed
Rate
Pay
7.20%
Quarterly
Quarterly
N/A
11/11/2022
105,000‌
66‌
2‌
68‌
3
Month
KRW
Certificate
of
Deposit
Receive
1.31%
Quarterly
Quarterly
N/A
11/22/2029
$
1,391,000‌
3‌
—‌
3‌
3
Month
USD
LIBOR
Receive
2.75%
Semiannual
Quarterly
N/A
03/08/2023
1,892‌
(71‌)
—‌
(71‌)
3
Month
USD
LIBOR
Pay
2.98%
Quarterly
Semiannual
N/A
08/07/2023
4,428‌
222‌
—‌
222‌
3
Month
USD
LIBOR
Receive
3.04%
Semiannual
Quarterly
N/A
05/22/2025
3,180‌
(242‌)
—‌
(242‌)
3
Month
USD
LIBOR
Receive
2.88%
Semiannual
Quarterly
N/A
08/21/2025
6,337‌
(447‌)
—‌
(447‌)
3
Month
USD
LIBOR
Receive
2.94%
Semiannual
Quarterly
N/A
05/10/2023
1,785‌
(82‌)
—‌
(82‌)
3
Month
USD
LIBOR
Receive
2.97%
Semiannual
Quarterly
N/A
04/25/2025
2,700‌
(193‌)
—‌
(193‌)
3
Month
USD
LIBOR
Receive
3.04%
Semiannual
Quarterly
N/A
08/07/2028
2,362‌
(265‌)
—‌
(265‌)
3
Month
USD
LIBOR
Receive
2.93%
Semiannual
Quarterly
N/A
06/11/2025
3,963‌
(282‌)
—‌
(282‌)
3
Month
USD
LIBOR
Receive
3.09%
Semiannual
Quarterly
N/A
10/01/2024
4,584‌
(319‌)
—‌
(319‌)
3
Month
USD
LIBOR
Receive
2.79%
Semiannual
Quarterly
N/A
03/26/2023
3,918‌
(154‌)
1‌
(153‌)
3
Month
USD
LIBOR
Receive
1.94%
Semiannual
Quarterly
N/A
01/10/2022
2,111‌
(14‌)
—‌
(14‌)
3
Month
USD
LIBOR
Receive
1.93%
Semiannual
Quarterly
N/A
01/13/2022
4,225‌
(27‌)
—‌
(27‌)
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
93
Exchange
Cleared
Interest
Rate
Swaps
(continued)
Floating
Rate
Index
(Pay)/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid
by
Fund
Payment
Frequency
Received
by
Fund
Effective
Date
(a)
Maturity
Date
Notional
Amount
Unrealized
Appreciation/
(Depreciation)
Upfront
Payments/
(Receipts)
Fair
Value
3
Month
USD
LIBOR
Receive
2.02%
Semiannual
Quarterly
N/A
01/23/2022
$
5,283‌
$
(45‌)
$
—‌
$
(45‌)
3
Month
USD
LIBOR
Receive
2.75%
Semiannual
Quarterly
N/A
03/29/2025
1,575‌
(93‌)
—‌
(93‌)
3
Month
USD
LIBOR
Receive
2.12%
Semiannual
Quarterly
N/A
03/08/2022
6,219‌
(72‌)
1‌
(71‌)
3
Month
USD
LIBOR
Receive
2.02%
Semiannual
Quarterly
N/A
02/07/2022
4,265‌
(37‌)
—‌
(37‌)
3
Month
USD
LIBOR
Receive
1.19%
Semiannual
Quarterly
N/A
08/11/2021
6,434‌
49‌
1‌
50‌
3
Month
USD
LIBOR
Receive
2.21%
Semiannual
Quarterly
N/A
03/15/2022
5,314‌
(73‌)
1‌
(72‌)
3
Month
USD
LIBOR
Receive
1.89%
Semiannual
Quarterly
N/A
01/19/2022
2,111‌
(12‌)
—‌
(12‌)
3
Month
USD
LIBOR
Receive
1.92%
Semiannual
Quarterly
N/A
01/11/2022
2,111‌
(13‌)
—‌
(13‌)
3
Month
USD
LIBOR
Receive
2.09%
Semiannual
Quarterly
N/A
03/03/2022
7,419‌
(80‌)
—‌
(80‌)
3
Month
USD
LIBOR
Receive
2.00%
Semiannual
Quarterly
N/A
04/11/2022
5,502‌
(51‌)
—‌
(51‌)
3
Month
USD
LIBOR
Receive
2.97%
Semiannual
Quarterly
N/A
05/04/2025
2,381‌
(171‌)
—‌
(171‌)
3
Month
USD
LIBOR
Receive
2.23%
Semiannual
Quarterly
N/A
04/03/2024
4,061‌
(109‌)
—‌
(109‌)
3
Month
USD
LIBOR
Receive
2.77%
Semiannual
Quarterly
N/A
03/07/2025
3,938‌
(235‌)
1‌
(234‌)
6
Month
Budapest
Interbank
Offered
Rate
Receive
1.83%
Annual
Semiannual
N/A
06/27/2029
HUF
455,000‌
(83‌)
5‌
(78‌)
6
Month
Budapest
Interbank
Offered
Rate
Receive
2.46%
Annual
Semiannual
N/A
10/18/2023
334,950‌
(85‌)
6‌
(79‌)
6
Month
Budapest
Interbank
Offered
Rate
Receive
2.09%
Annual
Semiannual
N/A
07/11/2023
482,425‌
(94‌)
7‌
(87‌)
6
Month
Euro
Interbank
Offered
Rate
Receive
0.05%
Annual
Semiannual
N/A
08/27/2034
EUR
870‌
34‌
—‌
34‌
6
Month
Euro
Interbank
Offered
Rate
Pay
(
0.19)%
Semiannual
Annual
N/A
08/27/2029
1,305‌
(34‌)
1‌
(33‌)
6
Month
Euro
Interbank
Offered
Rate
Receive
0.06%
Annual
Semiannual
N/A
04/18/2024
1,487‌
(24‌)
1‌
(23‌)
6
Month
Prague
Interbank
Offered
Rate
Pay
1.59%
Semiannual
Annual
N/A
08/16/2021
CZK
85,188‌
(36‌)
(1‌)
(37‌)
6
Month
Warsaw
Interbank
Offered
Rate
Receive
2.55%
Annual
Semiannual
N/A
03/10/2022
PLN
6,420‌
(33‌)
1‌
(32‌)
6
Month
Warsaw
Interbank
Offered
Rate
Receive
2.48%
Annual
Semiannual
N/A
03/23/2023
4,152‌
(29‌)
1‌
(28‌)
6
Month
Warsaw
Interbank
Offered
Rate
Receive
2.37%
Annual
Semiannual
N/A
04/26/2022
6,600‌
(30‌)
2‌
(28‌)
6
Month
Warsaw
Interbank
Offered
Rate
Receive
2.02%
Annual
Semiannual
N/A
05/27/2024
11,140‌
(46‌)
1‌
(45‌)
6
Month
Warsaw
Interbank
Offered
Rate
Receive
2.52%
Annual
Semiannual
N/A
03/09/2022
3,605‌
(18‌)
1‌
(17‌)
6
Month
Warsaw
Interbank
Offered
Rate
Pay
1.44%
Semiannual
Annual
N/A
09/02/2024
22,192‌
(56‌)
1‌
(55‌)
6
Month
Warsaw
Interbank
Offered
Rate
Receive
2.54%
Annual
Semiannual
N/A
05/17/2023
5,873‌
(47‌)
2‌
(45‌)
6
Month
Warsaw
Interbank
Offered
Rate
Pay
1.51%
Semiannual
Annual
N/A
02/19/2022
27,840‌
(24‌)
—‌
(24‌)
Total
$
(3,309‌)
$
35‌
$
(3,274‌)
Amounts
in
thousands.
(a)    
Forward
swap.
Total
Return
Equity
Basket
Swaps
Counterparty
Fund
Pays
Fund
Receives
Payment
Frequency
Expiration
Date
Notional
Amount
Upfront
Payments/
(Receipts)
Value
and
Unrealized
Appreciation/(Depreciation)
Asset
-----
Liability
Goldman
Sachs
&
Co
Floating
rate
based
on
the
Federal
Funds
Rate
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
KRW
Monthly
01/19/2029-
01/24/2029
$
—‌
$
—‌
$
1‌
$
—‌
Goldman
Sachs
&
Co
Floating
rate
based
on
1
Month
LIBOR
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
CNY
Monthly
01/22/2029
334‌
—‌
74‌
—‌
Goldman
Sachs
&
Co
Floating
rate
based
on
1
Month
Euro
Interbank
Offered
Rate
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
EUR
Monthly
02/01/2029-
02/07/2029
847‌
—‌
62‌
—‌
Goldman
Sachs
&
Co
Floating
rate
based
on
1
Month
LIBOR
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
GBP
Monthly
12/22/2028-
12/26/2028
542‌
—‌
37‌
—‌
Goldman
Sachs
&
Co
Floating
rate
based
on
the
HKD
Overnight-
Indexed
Swap
Rate
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
HKD
Monthly
01/18/2029
198‌
—‌
—‌
(5‌)
Goldman
Sachs
&
Co
Floating
rate
based
on
1
Month
JPY
LIBOR
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
JPY
Monthly
12/25/2028-
12/26/2028
469‌
—‌
—‌
(78‌)
JPMorgan
Chase
Floating
rate
based
on
the
Hong
Kong
Interbank
Offered
Rate
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
ZAR
Monthly
11/04/2020
84‌
—‌
—‌
(8‌)
JPMorgan
Chase
Floating
rate
based
on
Norway
Interbank
Offered
Rate
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
NOK
Monthly
11/02/2020-
11/04/2020
823‌
—‌
—‌
(56‌)
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
94
(a)
Top
Underlying
Securities
YORKEBS
Total
Return
Equity
Basket
Swaps
(continued)
Counterparty
Fund
Pays
Fund
Receives
Payment
Frequency
Expiration
Date
Notional
Amount
Upfront
Payments/
(Receipts)
Value
and
Unrealized
Appreciation/(Depreciation)
Asset
-----
Liability
JPMorgan
Chase
Floating
rate
based
on
the
Hong
Kong
Interbank
Offered
Rate
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
HKD
Monthly
11/30/2020
$
315‌
$
—‌
$
3‌
$
—‌
JPMorgan
Chase
Floating
rate
based
on
1
Month
GBP
LIBOR
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
GBP
Monthly
11/02/2020-
12/07/2020
2,290‌
—‌
124‌
—‌
JPMorgan
Chase
Floating
rate
based
on
1
Month
Euro
Interbank
Offered
Rate
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
EUR
Monthly
11/03/2020-
12/04/2020
483‌
—‌
—‌
—‌
JPMorgan
Chase
Floating
rate
based
on
1
Month
LIBOR
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
CNY
Monthly
12/04/2020
283‌
—‌
7‌
—‌
Morgan
Stanley
&
Co
(a)
Floating
rate
based
on
1
Month
LIBOR
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
USD
Monthly
08/24/2020-
10/05/2021
15,179‌
—‌
1,890‌
—‌
Morgan
Stanley
&
Co
Floating
rate
based
on
1
Month
LIBOR
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
JPY
Monthly
01/21/2021-
11/30/2021
3,080‌
—‌
135‌
—‌
Morgan
Stanley
&
Co
Floating
rate
based
on
the
Hong
Kong
Interbank
Offered
Rate
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
HKD
Monthly
01/28/2021
951‌
—‌
—‌
(26‌)
Morgan
Stanley
&
Co
Floating
rate
based
on
1
Month
LIBOR
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
GBP
Monthly
05/20/2020
3,258‌
—‌
292‌
—‌
Morgan
Stanley
&
Co
(b)
Floating
rate
based
on
1
Month
Euro
Interbank
Offered
Rate
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
EUR
Monthly
10/09/2020-
02/10/2021
12,888‌
—‌
—‌
(1,516‌)
Morgan
Stanley
&
Co
Floating
rate
based
on
1
Month
LIBOR
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
CNY
Monthly
12/01/2021
207‌
—‌
—‌
(6‌)
Morgan
Stanley
&
Co
Floating
rate
based
on
1
Month
Bankers
Acceptance
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
CAD
Monthly
10/07/2020
284‌
—‌
8‌
—‌
UBS
AG
Floating
rate
based
on
1
Day
Reserve
Bank
of
Australia
Cash
Rate
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
AUD
Monthly
11/28/2022
94‌
—‌
—‌
—‌
UBS
AG
Floating
rate
based
on
1
Month
CHF
LIBOR
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
CHF
Monthly
02/01/2022
177‌
—‌
—‌
(3‌)
UBS
AG
Floating
rate
based
on
1
Month
EUR
LIBOR
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
EUR
Monthly
02/01/2022
3,193‌
—‌
140‌
—‌
UBS
AG
Floating
rate
based
on
1
Month
GBP
LIBOR
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
GBP
Monthly
02/01/2022
1,791‌
—‌
—‌
(31‌)
UBS
AG
Floating
rate
based
on
the
Hong
Kong
Interbank
Offered
Rate
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
HKD
Monthly
03/01/2022
—‌
—‌
59‌
—‌
Total
$
47,770‌
$
—‌
$
2,832‌
$
(1,729‌)
The
expiration
dates
are
measured
from
the
commencement
of
investment
in
each
underlying
swap
position.
The
fund
pays
a
floating
rate
based
on
the
reference
rate
plus/less
a
spread.
The
spread
is
negotiated
at
the
security
level
and
is
usually
similar
within
a
region
but
may
vary
depending
on
how
difficult
it
is
to
borrow
the
security.
Notional
Amount
represents
the
total
absolute
value
of
the
underlying
securities.
Amounts
in
thousands.
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
95
(b)
Top
Underlying
Securities
YRKEBSEUR
Description
Shares
Notional
Amount
%
of
Total
Absolute
Notional
Amount
Allergan
PLC
22,465
$
4,155
27.37%
Escrow
Altegrity
Inc
NPV
124,036
2,519
16.60%
iShares
iBoxx
High
Yield
Corporate
Bond
ETF
(22,639)
(1,968
)
(
12.97)%
AbbVie
Inc
(19,455)
(1,707
)
(
11.24)%
Cboe
Global
Markets
Inc
11,015
1,310
8.63%
Iron
Mountain
Inc
(20,784)
(668
)
(
4.40)%
DuPont
de
Nemours
Inc
10,142
657
4.33%
Walgreens
Boots
Alliance
Inc
(10,103)
(602
)
(
3.97)%
Digital
Realty
Trust
Inc
(3,139)
(380
)
(
2.50)%
KEMET
Corp
(14,077)
(376
)
(
2.48)%
3M
Co
(2,155)
(366
)
(
2.41)%
Intercontinental
Exchange
Inc
(1,693)
(159
)
(
1.05)%
CME
Group
Inc
(582)
(118
)
(
0.78)%
Bristol-Myers
Squibb
Co
52,825
114
0.75%
China
Biologic
Products
Holdings
Inc
690
80
0.53%
Description
Shares
Notional
Amount
%
of
Total
Absolute
Notional
Amount
Stoxx
Europe
600
Index
(26,401)
$
(11,852
)
(
91.96)%
Nexi
SpA
38,759
457
3.55%
EDP
-
Energias
de
Portugal
SA
99,547
403
3.12%
Eurofins
Scientific
SE
(337)
(177
)
(
1.37)%
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
96
Reverse
Repurchase
Agreements
Counterparty
Coupon
Rate
Maturity
Date
Principal
Amount
Payable
for
Reverse
Repurchase
Agreements
Barclays
Bank
PLC
(
2.00‌)%
Open
ended
$
3,387‌
$
(3,394‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
12,202‌
(12,203‌)
Merrill
Lynch
(
2.65‌)%
Open
ended
441‌
(445‌)
Merrill
Lynch
(
2.65‌)%
Open
ended
720‌
(726‌)
Merrill
Lynch
(
7.60‌)%
Open
ended
ZAR
50,634‌
(3,508‌)
Merrill
Lynch
(
2.40‌)%
Open
ended
$
549‌
(551‌)
Merrill
Lynch
(
2.40‌)%
Open
ended
360‌
(361‌)
Merrill
Lynch
(
2.65‌)%
Open
ended
1,684‌
(1,688‌)
Merrill
Lynch
(
2.65‌)%
Open
ended
520‌
(521‌)
Merrill
Lynch
(
2.90‌)%
Open
ended
HUF
418,191‌
(1,396‌)
Merrill
Lynch
(
2.25‌)%
Open
ended
$
713‌
(714‌)
Merrill
Lynch
(
2.25‌)%
Open
ended
835‌
(837‌)
Merrill
Lynch
(
2.77‌)%
12/06/2019
1,766‌
(1,769‌)
Merrill
Lynch
(
2.92‌)%
12/16/2019
3,009‌
(3,015‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
17,815‌
(17,817‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
34,450‌
(34,453‌)
Merrill
Lynch
(
1.70‌)%
12/02/2019
14,151‌
(14,152‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
4,451‌
(4,451‌)
Merrill
Lynch
(
1.50‌)%
Open
ended
826‌
(827‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
1,387‌
(1,387‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
13,755‌
(13,756‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
14,118‌
(14,119‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
14,857‌
(14,859‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
54,377‌
(54,382‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
11,052‌
(11,053‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
18,506‌
(18,508‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
29,708‌
(29,711‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
19,471‌
(19,473‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
7,579‌
(7,580‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
11,385‌
(11,386‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
18,695‌
(18,697‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
36,718‌
(36,722‌)
Merrill
Lynch
(
1.75‌)%
12/02/2019
4,751‌
(4,752‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
27,163‌
(27,166‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
24,492‌
(24,494‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
19,994‌
(19,996‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
2,069‌
(2,069‌)
Merrill
Lynch
(
1.80‌)%
12/02/2019
28,537‌
(28,540‌)
Merrill
Lynch
(
1.75‌)%
12/02/2019
4,376‌
(4,376‌)
Merrill
Lynch
(
1.75‌)%
12/02/2019
20,119‌
(20,121‌)
Total
$
(485,975‌)
Amounts
in
thousands.
Total
Return
Swaps
Counterparty
Reference
Entity
Contracts
Pay/Receive
Positive
Return
Financing
Rate
Payment
Frequency
Expiration
Date
Notional
Amount
Upfront
Payments/
(Receipts)
Value
and
Unrealized
Appreciation/
(Depreciation)
Asset
----
Liability
HSBC
Securities
Inc
Egypt
Government
Bond,
14.30%,
09/03/2022
26,675,000
Receive
3
Month
USD
LIBOR
+
0.80%
Annual
11/13/2020
$
1,707‌
$
—‌
$
—‌
$
(10‌)
HSBC
Securities
Inc
Egypt
Treasury
Bills,
0.00%,
08/11/2020
24,750,000
Receive
3
Month
USD
LIBOR
+
0.80%
Annual
08/12/2020
1,374‌
—‌
14‌
—‌
HSBC
Securities
Inc
Egypt
Treasury
Bills,
0.00%,
12/31/2019
77,000,000
Receive
3
Month
USD
LIBOR
+
0.80%
Annual
01/02/2020
4,238‌
—‌
435‌
—‌
HSBC
Securities
Inc
Egypt
Treasury
Bills,
0.00%,
12/31/2019
10,000,000
Receive
3
Month
USD
LIBOR
+
0.80%
Annual
01/02/2020
566‌
—‌
43‌
—‌
Total
$
—‌
$
492‌
$
(10‌)
Amounts
in
thousands
except
contracts.
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
97
Short
Sales
Outstanding
PREFERRED
STOCKS
-
(
0.01)%
Shares
Value
(000's)
Consumer
Products
-
(
0.01)%
Henkel
AG
&
Co
KGaA
1.85%,
1,334‌
$
141‌
TOTAL
PREFERRED
STOCKS
(proceeds
$131)
$
141‌
COMMON
STOCKS
-
(
16.86)%
Shares
Value
(000's)
Advertising
-
(
0.07)%
Hakuhodo
DY
Holdings
Inc
14,300‌
$
231‌
JCDecaux
SA
13,034‌
373‌
$
604‌
Aerospace
&
Defense
-
(
0.35)%
Boeing
Co/The
5,707‌
2,090‌
IHI
Corp
6,800‌
159‌
Kawasaki
Heavy
Industries
Ltd
14,100‌
317‌
L3Harris
Technologies
Inc
3,822‌
769‌
$
3,335‌
Agriculture
-
(
0.10)%
Archer-Daniels-Midland
Co
15,100‌
648‌
Bunge
Ltd
4,514‌
241‌
$
889‌
Airlines
-
(
0.02)%
ANA
Holdings
Inc
3,000‌
102‌
easyJet
PLC
843‌
15‌
Singapore
Airlines
Ltd
14,900‌
100‌
$
217‌
Apparel
-
(
0.20)%
Adidas
AG
215‌
67‌
Capri
Holdings
Ltd
8,089‌
300‌
NIKE
Inc
4,803‌
449‌
Puma
SE
2,345‌
176‌
PVH
Corp
294‌
28‌
Tapestry
Inc
4,879‌
131‌
Under
Armour
Inc
-
Class
C
9,574‌
166‌
VF
Corp
6,348‌
562‌
$
1,879‌
Automobile
Manufacturers
-
(
0.04)%
Bayerische
Motoren
Werke
AG
256‌
21‌
Daimler
AG
545‌
31‌
Nissan
Motor
Co
Ltd
52,800‌
326‌
Toyota
Motor
Corp
600‌
42‌
$
420‌
Automobile
Parts
&
Equipment
-
(
0.22)%
Aptiv
PLC
4,697‌
441‌
Cie
Generale
des
Etablissements
Michelin
SCA
4,443‌
533‌
NGK
Insulators
Ltd
11,300‌
186‌
Nokian
Renkaat
OYJ
9,933‌
269‌
Sumitomo
Electric
Industries
Ltd
25,000‌
374‌
Toyoda
Gosei
Co
Ltd
7,300‌
171‌
$
1,974‌
Banks
-
(
0.57)%
Australia
&
New
Zealand
Banking
Group
Ltd
8,983‌
151‌
Bendigo
&
Adelaide
Bank
Ltd
129,919‌
882‌
Canadian
Imperial
Bank
of
Commerce
3,700‌
322‌
Citizens
Financial
Group
Inc
473‌
18‌
Comerica
Inc
3,153‌
222‌
Commonwealth
Bank
of
Australia
9,323‌
510‌
Credit
Suisse
Group
AG
15,367‌
201‌
Goldman
Sachs
Group
Inc/The
2,297‌
508‌
Huntington
Bancshares
Inc/OH
19,067‌
284‌
KeyCorp
15,201‌
295‌
Morgan
Stanley
1,186‌
58‌
Nordea
Bank
Abp
66,870‌
474‌
Regions
Financial
Corp
21,123‌
351‌
State
Street
Corp
5,801‌
436‌
Wells
Fargo
&
Co
11,200‌
610‌
Zions
Bancorp
NA
1,972‌
98‌
$
5,420‌
COMMON
STOCKS
(continued)
Shares
Value
(000’s)
Beverages
-
(
0.24)%
Brown-Forman
Corp
-
B
Shares
10,347‌
$
701‌
Coca-Cola
Bottlers
Japan
Holdings
Inc
38,100‌
916‌
Remy
Cointreau
SA
5,029‌
648‌
$
2,265‌
Biotechnology
-
(
0.57)%
Alnylam
Pharmaceuticals
Inc
4,539‌
532‌
BeiGene
Ltd
ADR
1,549‌
315‌
BioMarin
Pharmaceutical
Inc
1,210‌
98‌
Corteva
Inc
15,894‌
414‌
Exact
Sciences
Corp
1,165‌
94‌
Illumina
Inc
3,120‌
1,001‌
Incyte
Corp
4,638‌
437‌
Nektar
Therapeutics
19,535‌
396‌
Regeneron
Pharmaceuticals
Inc
1,994‌
736‌
Seattle
Genetics
Inc
689‌
83‌
Vertex
Pharmaceuticals
Inc
5,408‌
1,199‌
$
5,305‌
Building
Materials
-
(
0.16)%
Cie
de
Saint-Gobain
8,005‌
324‌
CRH
PLC
9,587‌
367‌
James
Hardie
Industries
PLC
22,697‌
445‌
Owens
Corning
3,455‌
232‌
Vulcan
Materials
Co
93‌
13‌
$
1,381‌
Chemicals
-
(
0.43)%
Albemarle
Corp
2,248‌
147‌
BASF
SE
2,718‌
204‌
Dow
Inc
660‌
35‌
Hitachi
Chemical
Co
Ltd
26,800‌
965‌
International
Flavors
&
Fragrances
Inc
2,877‌
406‌
JSR
Corp
19,500‌
345‌
LANXESS
AG
5,062‌
337‌
Linde
PLC
1,000‌
206‌
Novozymes
A/S
17,759‌
848‌
Umicore
SA
10,151‌
436‌
Westlake
Chemical
Corp
1,000‌
69‌
$
3,998‌
Commercial
Services
-
(
0.25)%
AMERCO
124‌
45‌
Gartner
Inc
1,925‌
309‌
Global
Payments
Inc
2,793‌
506‌
GMO
Payment
Gateway
Inc
3,200‌
227‌
IHS
Markit
Ltd
2,107‌
153‌
ISS
A/S
640‌
15‌
PayPal
Holdings
Inc
6,187‌
668‌
Quanta
Services
Inc
3,097‌
129‌
Rollins
Inc
6,951‌
249‌
Toppan
Printing
Co
Ltd
5,100‌
102‌
$
2,403‌
Computers
-
(
0.17)%
Atos
SE
5,887‌
500‌
Computershare
Ltd
2,722‌
33‌
DXC
Technology
Co
4,059‌
151‌
Fortinet
Inc
3,629‌
381‌
Seagate
Technology
PLC
4,548‌
271‌
Western
Digital
Corp
6,240‌
314‌
$
1,650‌
Cosmetics
&
Personal
Care
-
(
0.15)%
Coty
Inc
15,950‌
184‌
Estee
Lauder
Cos
Inc/The
5,733‌
1,121‌
Shiseido
Co
Ltd
1,700‌
123‌
$
1,428‌
Distribution
&
Wholesale
-
(
0.07)%
Fastenal
Co
10,027‌
356‌
Jardine
Cycle
&
Carriage
Ltd
11,500‌
258‌
WW
Grainger
Inc
90‌
28‌
$
642‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
98
Short
Sales
Outstanding
COMMON
STOCKS
(continued)
Shares
Value
(000’s)
Diversified
Financial
Services
-
(
0.46)%
Cboe
Global
Markets
Inc
2,297‌
$
273‌
Charles
Schwab
Corp/The
13,651‌
675‌
CME
Group
Inc
2,534‌
514‌
Credit
Saison
Co
Ltd
34,200‌
566‌
Deutsche
Boerse
AG
513‌
78‌
E*TRADE
Financial
Corp
4,717‌
209‌
Raymond
James
Financial
Inc
7,300‌
656‌
SBI
Holdings
Inc/Japan
32,700‌
680‌
St
James's
Place
PLC
37,280‌
524‌
Tokyo
Century
Corp
1,500‌
80‌
$
4,255‌
Electric
-
(
1.64)%
Alliant
Energy
Corp
5,041‌
267‌
Ameren
Corp
5,217‌
388‌
American
Electric
Power
Co
Inc
10,480‌
957‌
CenterPoint
Energy
Inc
10,659‌
262‌
Chugoku
Electric
Power
Co
Inc/The
49,600‌
656‌
CLP
Holdings
Ltd
1,500‌
15‌
CMS
Energy
Corp
4,853‌
297‌
Consolidated
Edison
Inc
7,047‌
612‌
Dominion
Energy
Inc
6,922‌
575‌
DTE
Energy
Co
3,827‌
478‌
Duke
Energy
Corp
15,319‌
1,351‌
E.ON
SE
53,495‌
560‌
Edison
International
6,915‌
478‌
Entergy
Corp
12,817‌
1,492‌
Eversource
Energy
6,878‌
568‌
FirstEnergy
Corp
11,280‌
538‌
Kyushu
Electric
Power
Co
Inc
39,800‌
350‌
NextEra
Energy
Inc
6,653‌
1,556‌
Pinnacle
West
Capital
Corp
2,378‌
208‌
Power
Assets
Holdings
Ltd
2,000‌
14‌
PPL
Corp
14,081‌
479‌
Public
Service
Enterprise
Group
Inc
8,040‌
477‌
Sempra
Energy
6,630‌
977‌
SSE
PLC
34,466‌
579‌
WEC
Energy
Group
Inc
6,638‌
588‌
Xcel
Energy
Inc
10,924‌
672‌
$
15,394‌
Electronics
-
(
0.20)%
Agilent
Technologies
Inc
4,895‌
395‌
Arrow
Electronics
Inc
570‌
45‌
Mettler-Toledo
International
Inc
318‌
229‌
Nidec
Corp
1,000‌
148‌
Omron
Corp
3,700‌
217‌
PerkinElmer
Inc
2,367‌
220‌
Trimble
Inc
8,169‌
331‌
Waters
Corp
1,110‌
246‌
$
1,831‌
Engineering
&
Construction
-
(
0.43)%
Auckland
International
Airport
Ltd
18,116‌
105‌
Ferrovial
SA
44,652‌
1,325‌
Ferrovial
SA
-
Rights
44,652‌
21‌
Fluor
Corp
6,218‌
108‌
Jacobs
Engineering
Group
Inc
12,600‌
1,160‌
Japan
Airport
Terminal
Co
Ltd
27,400‌
1,426‌
$
4,145‌
Entertainment
-
(
0.06)%
Flutter
Entertainment
PLC
3,510‌
402‌
Live
Nation
Entertainment
Inc
709‌
49‌
Oriental
Land
Co
Ltd/Japan
500‌
69‌
$
520‌
Environmental
Control
-
0.00%
Kurita
Water
Industries
Ltd
800‌
22‌
Food
-
(
0.56)%
Aeon
Co
Ltd
3,900‌
80‌
Barry
Callebaut
AG
89‌
179‌
Campbell
Soup
Co
4,694‌
219‌
Hormel
Foods
Corp
10,869‌
484‌
COMMON
STOCKS
(continued)
Shares
Value
(000’s)
Food
(continued)
Jardine
Strategic
Holdings
Ltd
5,500‌
$
175‌
Kikkoman
Corp
6,400‌
322‌
Kroger
Co/The
23,700‌
648‌
McCormick
&
Co
Inc/MD
5,010‌
848‌
Mowi
ASA
28,992‌
719‌
NH
Foods
Ltd
5,800‌
243‌
Ocado
Group
PLC
44,864‌
769‌
Tyson
Foods
Inc
5,383‌
484‌
Yamazaki
Baking
Co
Ltd
7,200‌
132‌
$
5,302‌
Food
Service
-
(
0.06)%
Grubhub
Inc
4,103‌
177‌
Sodexo
SA
3,052‌
356‌
$
533‌
Forest
Products
&
Paper
-
(
0.02)%
Stora
Enso
Oyj
8,893‌
120‌
West
Fraser
Timber
Co
Ltd
2,500‌
109‌
$
229‌
Gas
-
(
0.23)%
Atmos
Energy
Corp
11,714‌
1,253‌
NiSource
Inc
27,783‌
735‌
Toho
Gas
Co
Ltd
1,500‌
57‌
$
2,045‌
Healthcare
-
Products
-
(
1.01)%
Abbott
Laboratories
11,337‌
969‌
ABIOMED
Inc
957‌
188‌
Align
Technology
Inc
1,698‌
471‌
Baxter
International
Inc
10,732‌
880‌
Becton
Dickinson
and
Co
4,218‌
1,090‌
Boston
Scientific
Corp
26,349‌
1,140‌
Cooper
Cos
Inc/The
1,050‌
329‌
DENTSPLY
SIRONA
Inc
4,758‌
269‌
Edwards
Lifesciences
Corp
2,248‌
551‌
Hologic
Inc
3,310‌
170‌
IDEXX
Laboratories
Inc
1,830‌
460‌
Intuitive
Surgical
Inc
1,848‌
1,096‌
QIAGEN
NV
6,189‌
265‌
ResMed
Inc
465‌
70‌
Stryker
Corp
587‌
120‌
Teleflex
Inc
980‌
346‌
Terumo
Corp
400‌
14‌
Thermo
Fisher
Scientific
Inc
520‌
163‌
Varian
Medical
Systems
Inc
596‌
80‌
Zimmer
Biomet
Holdings
Inc
4,432‌
644‌
$
9,315‌
Healthcare
-
Services
-
(
0.15)%
Fresenius
Medical
Care
AG
&
Co
KGaA
4,614‌
338‌
IQVIA
Holdings
Inc
4,120‌
601‌
Ryman
Healthcare
Ltd
30,452‌
295‌
WellCare
Health
Plans
Inc
448‌
144‌
$
1,378‌
Holding
Companies
-
Diversified
-
(
0.06)%
Jardine
Matheson
Holdings
Ltd
9,300‌
523‌
Home
Builders
-
(
0.07)%
Iida
Group
Holdings
Co
Ltd
11,000‌
196‌
NVR
Inc
63‌
239‌
PulteGroup
Inc
4,314‌
171‌
$
606‌
Home
Furnishings
-
(
0.10)%
Electrolux
AB
15,005‌
386‌
Panasonic
Corp
57,500‌
543‌
$
929‌
Insurance
-
(
0.51)%
Aflac
Inc
7,100‌
389‌
Arthur
J
Gallagher
&
Co
2,084‌
194‌
AXA
Equitable
Holdings
Inc
16,837‌
417‌
Chubb
Ltd
3,615‌
548‌
Great-West
Lifeco
Inc
15,600‌
393‌
Lincoln
National
Corp
1,416‌
84‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
99
Short
Sales
Outstanding
COMMON
STOCKS
(continued)
Shares
Value
(000’s)
Insurance
(continued)
Prudential
Financial
Inc
9,363‌
$
876‌
Reinsurance
Group
of
America
Inc
5,600‌
927‌
Suncorp
Group
Ltd
6,259‌
57‌
Swiss
Life
Holding
AG
531‌
263‌
Unum
Group
4,100‌
126‌
Willis
Towers
Watson
PLC
2,197‌
432‌
$
4,706‌
Internet
-
(
0.40)%
eBay
Inc
3,518‌
125‌
Expedia
Group
Inc
3,053‌
310‌
Iliad
SA
2,558‌
326‌
MercadoLibre
Inc
100‌
58‌
Netflix
Inc
2,714‌
853‌
NortonLifeLock
Inc
13,372‌
333‌
Okta
Inc
1,300‌
169‌
Shopify
Inc
1,100‌
369‌
Twitter
Inc
16,891‌
522‌
VeriSign
Inc
1,858‌
354‌
Wayfair
Inc
1,389‌
118‌
Zillow
Group
Inc
-
C
Shares
5,126‌
201‌
$
3,738‌
Investment
Companies
-
(
0.10)%
Kinnevik
AB
-
B
Shares
4,044‌
93‌
L
E
Lundbergforetagen
AB
1,965‌
78‌
Pargesa
Holding
SA
9,027‌
712‌
$
883‌
Iron
&
Steel
-
(
0.16)%
Hitachi
Metals
Ltd
90,200‌
1,264‌
voestalpine
AG
7,292‌
193‌
$
1,457‌
Leisure
Products
&
Services
-
(
0.17)%
Carnival
Corp
16,573‌
747‌
Flight
Centre
Travel
Group
Ltd
6,253‌
187‌
Harley-Davidson
Inc
2,499‌
91‌
Royal
Caribbean
Cruises
Ltd
4,457‌
535‌
TUI
AG
1,413‌
19‌
$
1,579‌
Lodging
-
(
0.31)%
City
Developments
Ltd
62,000‌
469‌
Crown
Resorts
Ltd
2,595‌
23‌
Las
Vegas
Sands
Corp
8,872‌
557‌
MGM
Resorts
International
17,695‌
565‌
Whitbread
PLC
8,216‌
488‌
Wynn
Resorts
Ltd
6,868‌
830‌
$
2,932‌
Machinery
-
Diversified
-
(
0.31)%
ANDRITZ
AG
5,303‌
207‌
CNH
Industrial
NV
37,090‌
396‌
Daifuku
Co
Ltd
2,900‌
169‌
Deere
&
Co
7,395‌
1,243‌
Flowserve
Corp
2,392‌
116‌
Roper
Technologies
Inc
281‌
101‌
Weir
Group
PLC/The
1,164‌
21‌
Westinghouse
Air
Brake
Technologies
Corp
3,269‌
257‌
Yaskawa
Electric
Corp
13,600‌
500‌
$
3,010‌
Media
-
(
0.51)%
Bollore
SA
180,553‌
772‌
DISH
Network
Corp
9,066‌
310‌
DISH
Network
Corp
-
Rights
489‌
—‌
Liberty
Broadband
Corp
-
C
Shares
12,340‌
1,474‌
News
Corp
-
A
Shares
41,496‌
535‌
Pearson
PLC
35,582‌
298‌
Schibsted
ASA
-
B
Shares
818‌
21‌
Walt
Disney
Co/The
9,543‌
1,446‌
$
4,856‌
Metal
Fabrication
&
Hardware
-
(
0.06)%
MISUMI
Group
Inc
23,300‌
578‌
COMMON
STOCKS
(continued)
Shares
Value
(000’s)
Mining
-
(
0.29)%
Anglo
American
PLC
6,749‌
$
177‌
Barrick
Gold
Corp
3,100‌
52‌
Boliden
AB
12,601‌
325‌
Cameco
Corp
1,400‌
13‌
Freeport-McMoRan
Inc
45,571‌
518‌
Fresnillo
PLC
51,904‌
388‌
Mitsubishi
Materials
Corp
16,700‌
447‌
Newmont
Goldcorp
Corp
17,405‌
668‌
$
2,588‌
Miscellaneous
Manufacturers
-
(
0.18)%
General
Electric
Co
81,429‌
918‌
Knorr-
Bremse
AG
2,054‌
200‌
Smiths
Group
PLC
16,461‌
353‌
Textron
Inc
3,902‌
180‌
$
1,651‌
Office
&
Business
Equipment
-
(
0.12)%
Ricoh
Co
Ltd
71,700‌
739‌
Seiko
Epson
Corp
23,700‌
361‌
$
1,100‌
Oil
&
Gas
-
(
0.47)%
Cabot
Oil
&
Gas
Corp
6,974‌
111‌
Cimarex
Energy
Co
2,153‌
99‌
Concho
Resources
Inc
8,263‌
600‌
Diamondback
Energy
Inc
5,680‌
439‌
EOG
Resources
Inc
3,717‌
264‌
Exxon
Mobil
Corp
10,813‌
737‌
Hess
Corp
10,259‌
637‌
Marathon
Oil
Corp
13,080‌
152‌
Noble
Energy
Inc
10,252‌
213‌
Occidental
Petroleum
Corp
14,251‌
550‌
Oil
Search
Ltd
41,789‌
210‌
Pioneer
Natural
Resources
Co
2,864‌
366‌
$
4,378‌
Oil
&
Gas
Services
-
(
0.11)%
National
Oilwell
Varco
Inc
6,597‌
149‌
Schlumberger
Ltd
21,474‌
777‌
TechnipFMC
PLC
6,792‌
128‌
$
1,054‌
Packaging
&
Containers
-
(
0.05)%
Crown
Holdings
Inc
4,314‌
327‌
Sealed
Air
Corp
2,440‌
92‌
$
419‌
Pharmaceuticals
-
(
0.20)%
Cardinal
Health
Inc
4,665‌
257‌
Daiichi
Sankyo
Co
Ltd
2,100‌
132‌
Eli
Lilly
&
Co
9,025‌
1,059‌
Perrigo
Co
PLC
2,171‌
111‌
Sarepta
Therapeutics
Inc
380‌
43‌
Takeda
Pharmaceutical
Co
Ltd
2,700‌
110‌
Zoetis
Inc
2,666‌
321‌
$
2,033‌
Pipelines
-
(
0.30)%
Cheniere
Energy
Inc
8,000‌
484‌
Inter
Pipeline
Ltd
1,300‌
22‌
Kinder
Morgan
Inc/DE
28,620‌
561‌
ONEOK
Inc
8,765‌
623‌
Targa
Resources
Corp
16,400‌
599‌
Williams
Cos
Inc/The
25,704‌
584‌
$
2,873‌
Real
Estate
-
(
0.16)%
Aroundtown
SA
62,281‌
540‌
Hulic
Co
Ltd
13,800‌
155‌
Swiss
Prime
Site
AG
2,258‌
238‌
Tokyu
Fudosan
Holdings
Corp
70,200‌
482‌
$
1,415‌
REITs
-
(
0.56)%
American
Tower
Corp
4,702‌
1,006‌
Crown
Castle
International
Corp
8,754‌
1,170‌
Equinix
Inc
1,458‌
826‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
100
Short
Sales
Outstanding
COMMON
STOCKS
(continued)
Shares
Value
(000’s)
REITs
(continued)
Host
Hotels
&
Resorts
Inc
11,094‌
$
194‌
Iron
Mountain
Inc
6,093‌
196‌
Macerich
Co/The
2,418‌
65‌
Regency
Centers
Corp
934‌
61‌
SBA
Communications
Corp
2,168‌
513‌
Simon
Property
Group
Inc
3,147‌
476‌
SL
Green
Realty
Corp
1,326‌
113‌
Vornado
Realty
Trust
470‌
30‌
Weyerhaeuser
Co
15,307‌
452‌
$
5,102‌
Retail
-
(
0.55)%
Canadian
Tire
Corp
Ltd
600‌
70‌
CarMax
Inc
10,919‌
1,062‌
Chipotle
Mexican
Grill
Inc
475‌
387‌
Dollar
Tree
Inc
4,548‌
416‌
Genuine
Parts
Co
6,421‌
670‌
Isetan
Mitsukoshi
Holdings
Ltd
7,700‌
69‌
J
Front
Retailing
Co
Ltd
37,700‌
496‌
L
Brands
Inc
4,321‌
83‌
Lowe's
Cos
Inc
2,927‌
343‌
Macy's
Inc
6,500‌
100‌
Marui
Group
Co
Ltd
4,300‌
104‌
Nordstrom
Inc
2,654‌
101‌
O'Reilly
Automotive
Inc
556‌
246‌
Pan
Pacific
International
Holdings
Corp
30,500‌
495‌
Ryohin
Keikaku
Co
Ltd
10,000‌
228‌
Tiffany
&
Co
2,745‌
367‌
Yamada
Denki
Co
Ltd
8,300‌
41‌
$
5,278‌
Semiconductors
-
(
0.85)%
Advanced
Micro
Devices
Inc
6,892‌
270‌
Analog
Devices
Inc
4,885‌
552‌
Broadcom
Inc
3,906‌
1,235‌
IPG
Photonics
Corp
1,225‌
174‌
Marvell
Technology
Group
Ltd
27,900‌
736‌
Maxim
Integrated
Products
Inc
4,650‌
263‌
Microchip
Technology
Inc
4,545‌
430‌
Micron
Technology
Inc
23,645‌
1,123‌
NVIDIA
Corp
6,625‌
1,436‌
QUALCOMM
Inc
17,737‌
1,482‌
Skyworks
Solutions
Inc
1,611‌
158‌
SUMCO
Corp
2,200‌
34‌
$
7,893‌
Shipbuilding
-
(
0.02)%
Huntington
Ingalls
Industries
Inc
878‌
221‌
Software
-
(
1.12)%
Activision
Blizzard
Inc
13,111‌
719‌
Adobe
Inc
1,786‌
553‌
Akamai
Technologies
Inc
3,468‌
302‌
ANSYS
Inc
1,473‌
375‌
Autodesk
Inc
4,619‌
836‌
BlackBerry
Ltd
32,800‌
181‌
Cadence
Design
Systems
Inc
479‌
34‌
Cerner
Corp
6,933‌
496‌
Citrix
Systems
Inc
2,221‌
251‌
Electronic
Arts
Inc
5,005‌
506‌
Fidelity
National
Information
Services
Inc
7,882‌
1,089‌
Fiserv
Inc
9,013‌
1,048‌
Intuit
Inc
2,225‌
576‌
MongoDB
Inc
2,300‌
342‌
Nexon
Co
Ltd
2,400‌
33‌
PTC
Inc
4,100‌
314‌
salesforce.com
Inc
3,990‌
650‌
ServiceNow
Inc
1,434‌
406‌
Splunk
Inc
2,954‌
441‌
Synopsys
Inc
1,443‌
203‌
Take-Two
Interactive
Software
Inc
2,400‌
291‌
Twilio
Inc
8,553‌
883‌
COMMON
STOCKS
(continued)
Shares
Value
(000’s)
Software
(continued)
Worldline
SA/France
1,488‌
$
96‌
$
10,625‌
Telecommunications
-
(
0.10)%
Corning
Inc
22,998‌
668‌
Nokia
OYJ
11,287‌
40‌
Orange
SA
16,105‌
266‌
Tele2
AB
1,083‌
16‌
$
990‌
Toys,
Games
&
Hobbies
-
(
0.03)%
Hasbro
Inc
2,655‌
270‌
Transportation
-
(
0.49)%
CH
Robinson
Worldwide
Inc
1,109‌
85‌
FedEx
Corp
8,825‌
1,413‌
Getlink
SE
39,717‌
670‌
JB
Hunt
Transport
Services
Inc
2,700‌
312‌
Keihan
Holdings
Co
Ltd
2,300‌
112‌
Keio
Corp
3,400‌
218‌
Kintetsu
Group
Holdings
Co
Ltd
9,800‌
555‌
Knight-Swift
Transportation
Holdings
Inc
10,800‌
399‌
Mitsui
OSK
Lines
Ltd
18,000‌
472‌
Nagoya
Railroad
Co
Ltd
10,400‌
332‌
Odakyu
Electric
Railway
Co
Ltd
2,000‌
49‌
$
4,617‌
Water
-
(
0.07)%
American
Water
Works
Co
Inc
3,835‌
464‌
Suez
6,931‌
103‌
United
Utilities
Group
PLC
10,130‌
112‌
$
679‌
TOTAL
COMMON
STOCKS
(proceeds
$150,235)
$
157,762‌
BONDS
-
(
1.43)%
Principal
Amount
(000's)
Value
(000's)
Electric
-
(
0.49)%
Comision
Federal
de
Electricidad
6.13%,
06/16/2045
$
4,000‌
$
4,565‌
Sovereign
-
(
0.94)%
Argentine
Republic
Government
International
Bond
7.13%,
06/28/2117
3,512‌
1,431‌
7.50%,
04/22/2026
8,175‌
3,546‌
Republic
of
South
Africa
Government
International
Bond
4.85%,
09/27/2027
3,071‌
3,137‌
Turkey
Government
International
Bond
11.88%,
01/15/2030
497‌
697‌
$
8,811‌
TOTAL
BONDS
(proceeds
$15,754)
$
13,376‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
(
34.53)%
Principal
Amount
(000's)
Value
(000's)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
(
3.15)%
3.00%,
12/01/2049
$
29,115‌
$
29,526‌
U.S.
Treasury
-
(
31.07)%
0.00%,
11/30/2021
25,495‌
25,444‌
1.25%,
08/31/2024
27,432‌
26,965‌
1.50%,
09/30/2021
41,583‌
41,477‌
1.50%,
10/31/2021
12,121‌
12,092‌
1.50%,
09/15/2022
36,284‌
36,185‌
1.50%,
10/31/2024
53,207‌
52,874‌
1.50%,
11/30/2024
10,335‌
10,276‌
1.63%,
08/15/2029
15,341‌
15,113‌
1.75%,
06/30/2024
37,355‌
37,552‌
2.38%,
05/15/2027
28,413‌
29,693‌
2.38%,
11/15/2049
2,944‌
3,056‌
$
290,727‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
101
Short
Sales
Outstanding
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
Inflation-Indexed
Obligations
-
(
0.31)%
0.25%,
07/15/2029
$
2,906‌
$
2,928‌
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(proceeds
$322,175)
$
323,181‌
TOTAL
SHORT
SALES
(proceeds
$488,295)
$
494,460‌
Schedule
of
Investments
Global
Opportunities
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
102
INVESTMENT
COMPANIES
-
0.00%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0.00%
Principal
Government
Money
Market
Fund
1.52
%
(a),(b)
100‌
$
—‌
TOTAL
INVESTMENT
COMPANIES
$
—‌
COMMON
STOCKS
-
96.07%
Shares
Held
Value
(000's)
Agriculture
-
1.21%
Philip
Morris
International
Inc
2,389‌
198‌
Apparel
-
2.65%
Capri
Holdings
Ltd
(
c)
4,422‌
165‌
Fila
Korea
Ltd
2,496‌
109‌
Yue
Yuen
Industrial
Holdings
Ltd
54,500‌
161‌
$
435‌
Automobile
Manufacturers
-
3.45%
Ferrari
NV
1,032‌
174‌
Kia
Motors
Corp
3,823‌
140‌
Toyota
Motor
Corp
3,600‌
252‌
$
566‌
Banks
-
5.81%
Banco
Comercial
Portugues
SA
548,152‌
118‌
Bank
Leumi
Le-Israel
BM
21,928‌
159‌
BOC
Hong
Kong
Holdings
Ltd
39,000‌
132‌
IBERIABANK
Corp
2,633‌
192‌
ICICI
Bank
Ltd
ADR
15,313‌
216‌
Synovus
Financial
Corp
3,588‌
137‌
$
954‌
Commercial
Services
-
1.17%
PayPal
Holdings
Inc
(
c)
1,773‌
192‌
Computers
-
2.67%
CyberArk
Software
Ltd
(
c)
1,339‌
164‌
Lenovo
Group
Ltd
188,000‌
124‌
Perspecta
Inc
5,475‌
151‌
$
439‌
Cosmetics
&
Personal
Care
-
1.23%
Colgate-Palmolive
Co
2,976‌
202‌
Distribution
&
Wholesale
-
0.97%
ITOCHU
Corp
7,300‌
159‌
Diversified
Financial
Services
-
5.41%
AerCap
Holdings
NV
(
c)
3,098‌
191‌
Ameriprise
Financial
Inc
1,155‌
189‌
LPL
Financial
Holdings
Inc
1,947‌
180‌
Mastercard
Inc
1,125‌
329‌
$
889‌
Electric
-
0.80%
Iberdrola
SA
13,391‌
132‌
Electrical
Components
&
Equipment
-
2.18%
AMETEK
Inc
2,182‌
216‌
Delta
Electronics
Inc
31,000‌
142‌
$
358‌
Electronics
-
2.32%
Honeywell
International
Inc
1,241‌
222‌
TE
Connectivity
Ltd
1,717‌
159‌
$
381‌
Energy
-
Alternate
Sources
-
1.06%
Vestas
Wind
Systems
A/S
1,833‌
174‌
Engineering
&
Construction
-
1.88%
ACS
Actividades
de
Construccion
y
Servicios
SA
4,154‌
162‌
Vinci
SA
1,352‌
147‌
$
309‌
Environmental
Control
-
0.87%
Waste
Management
Inc
1,258‌
142‌
Food
-
2.53%
Nestle
SA
2,327‌
242‌
WH
Group
Ltd
(
d)
169,000‌
173‌
$
415‌
Healthcare
-
Products
-
3.02%
Danaher
Corp
1,592‌
232‌
Thermo
Fisher
Scientific
Inc
840‌
264‌
$
496‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Services
-
3.20%
ICON
PLC
(
c)
1,162‌
$
190‌
Lonza
Group
AG
(
c)
463‌
157‌
Syneos
Health
Inc
(
c)
3,250‌
178‌
$
525‌
Home
Furnishings
-
0.69%
Sony
Corp
1,800‌
114‌
Insurance
-
6.15%
Athene
Holding
Ltd
(
c)
4,160‌
187‌
Fidelity
National
Financial
Inc
3,143‌
150‌
Legal
&
General
Group
PLC
48,895‌
178‌
NN
Group
NV
3,759‌
144‌
Ping
An
Insurance
Group
Co
of
China
Ltd
15,500‌
176‌
Prudential
Financial
Inc
1,868‌
175‌
$
1,010‌
Internet
-
8.71%
Alphabet
Inc
-
A
Shares
(
c)
350‌
456‌
Amazon.com
Inc
(
c)
82‌
148‌
eBay
Inc
3,844‌
136‌
Facebook
Inc
(
c)
1,964‌
396‌
Tencent
Holdings
Ltd
4,400‌
186‌
Uber
Technologies
Inc
(
c)
3,652‌
108‌
$
1,430‌
Iron
&
Steel
-
0.58%
Steel
Dynamics
Inc
2,835‌
96‌
Machinery
-
Diversified
-
0.94%
Dover
Corp
1,391‌
155‌
Media
-
0.85%
Altice
USA
Inc
(
c)
5,437‌
139‌
Mining
-
0.95%
MMC
Norilsk
Nickel
PJSC
ADR
5,952‌
156‌
Oil
&
Gas
-
5.71%
BP
PLC
33,317‌
208‌
ConocoPhillips
4,159‌
249‌
Marathon
Petroleum
Corp
2,117‌
128‌
Petrobras
Distribuidora
SA
15,200‌
100‌
Petroleo
Brasileiro
SA
22,600‌
167‌
Whitecap
Resources
Inc
27,500‌
85‌
$
937‌
Pharmaceuticals
-
4.10%
Merck
&
Co
Inc
2,405‌
209‌
Novartis
AG
1,973‌
182‌
Roche
Holding
AG
914‌
282‌
$
673‌
Pipelines
-
1.08%
TC
Energy
Corp
3,500‌
177‌
Private
Equity
-
3.44%
3i
Group
PLC
12,905‌
179‌
Blackstone
Group
Inc/The
3,170‌
172‌
Brookfield
Asset
Management
Inc
3,700‌
214‌
$
565‌
Real
Estate
-
1.46%
CK
Asset
Holdings
Ltd
14,000‌
93‌
Sun
Hung
Kai
Properties
Ltd
10,000‌
146‌
$
239‌
REITs
-
1.11%
Equity
LifeStyle
Properties
Inc
2,452‌
182‌
Retail
-
4.35%
Alimentation
Couche-Tard
Inc
6,000‌
196‌
Hennes
&
Mauritz
AB
7,101‌
137‌
O'Reilly
Automotive
Inc
(
c)
442‌
196‌
TJX
Cos
Inc/The
3,022‌
185‌
$
714‌
Semiconductors
-
4.34%
ASML
Holding
NV
499‌
135‌
Realtek
Semiconductor
Corp
(
c)
15,000‌
113‌
Samsung
Electronics
Co
Ltd
6,218‌
266‌
Schedule
of
Investments
Global
Opportunities
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
103
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Semiconductors
(continued)
Taiwan
Semiconductor
Manufacturing
Co
Ltd
ADR
3,739‌
$
199‌
$
713‌
Software
-
4.52%
Adobe
Inc
(
c)
709‌
219‌
Microsoft
Corp
3,458‌
524‌
$
743‌
Telecommunications
-
3.48%
China
Mobile
Ltd
17,500‌
132‌
Nice
Ltd
ADR
(c)
1,141‌
173‌
SoftBank
Group
Corp
2,600‌
101‌
Telefonaktiebolaget
LM
Ericsson
18,455‌
166‌
$
572‌
Toys,
Games
&
Hobbies
-
1.18%
Nintendo
Co
Ltd
500‌
194‌
TOTAL
COMMON
STOCKS
$
15,775‌
Total
Investments
$
15,775‌
Other
Assets
and
Liabilities
-  3.93
%
646‌
TOTAL
NET
ASSETS
-
100.00%
$
16,421‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940)
or
an
affiliate
as
defined
by
the
Investment
Company
Act
of
1940
(controls
5.0%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
affiliated
sub-schedule
for
transactional
information.
(b)
Current
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
(d)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$173
or
1.05%
of
net
assets.
Portfolio
Summary  (
unaudited)
Location
Percent
United
States
42.91‌%
Switzerland
6.24‌%
Hong
Kong
5.09‌%
Japan
5.00‌%
United
Kingdom
4.45‌%
Canada
4.09‌%
Korea,
Republic
Of
3.13‌%
Israel
3.02‌%
China
2.95‌%
Taiwan
2.76‌%
Ireland
2.32‌%
Sweden
1.85‌%
Spain
1.79‌%
Netherlands
1.70‌%
Brazil
1.63‌%
India
1.32‌%
Bermuda
1.14‌%
Italy
1.06‌%
Denmark
1.06‌%
Russian
Federation
0.95‌%
France
0.89‌%
Portugal
0.72‌%
Other
Assets
and
Liabilities
3.93‌%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
August
31,
2019
Purchases
Sales
November
30,
2019
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
1.52%
$
28‌
$
1,043‌
$
1,071‌
$
—‌
$
28‌
$
1,043‌
$
1,071‌
$
–‌
Income
Realized
Gain/Loss
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/Loss
Principal
Government
Money
Market
Fund
1.52%
$
—‌
$
—‌
$
—‌
$
—‌
$
—‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
Schedule
of
Investments
International
Equity
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
104
INVESTMENT
COMPANIES
-
2.03%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0.89%
iShares
MSCI
EAFE
ETF
150,000‌
$
10,227‌
Money
Market
Funds
-
1.14%
BlackRock
Liquidity
FedFund
1.53
%
(a),(b)
2,734,816‌
2,735‌
Principal
Government
Money
Market
Fund
1.52
%
(a),(b),(c)
10,420,034‌
10,420‌
$
13,155‌
TOTAL
INVESTMENT
COMPANIES
$
23,382‌
COMMON
STOCKS
-
97.50%
Shares
Held
Value
(000's)
Advertising
-
0.27%
Dentsu
Inc
17,000‌
617‌
Hakuhodo
DY
Holdings
Inc
18,200‌
294‌
JCDecaux
SA
6,669‌
191‌
Publicis
Groupe
SA
16,950‌
745‌
WPP
PLC
98,873‌
1,277‌
$
3,124‌
Aerospace
&
Defense
-
1.56%
Airbus
SE
45,724‌
6,719‌
BAE
Systems
PLC
251,027‌
1,859‌
Dassault
Aviation
SA
196‌
267‌
Elbit
Systems
Ltd
1,903‌
315‌
IHI
Corp
11,600‌
271‌
Kawasaki
Heavy
Industries
Ltd
11,200‌
252‌
Leonardo
SpA
31,710‌
370‌
Meggitt
PLC
60,875‌
506‌
MTU
Aero
Engines
AG
4,075‌
1,103‌
Rolls-Royce
Holdings
PLC
(
d)
135,392‌
1,244‌
Safran
SA
25,645‌
4,193‌
Thales
SA
8,350‌
818‌
$
17,917‌
Agriculture
-
1.00%
British
American
Tobacco
PLC
179,725‌
7,113‌
Imperial
Brands
PLC
74,700‌
1,643‌
Japan
Tobacco
Inc
94,000‌
2,142‌
Swedish
Match
AB
13,317‌
638‌
$
11,536‌
Airlines
-
0.15%
ANA
Holdings
Inc
9,100‌
310‌
Deutsche
Lufthansa
AG
18,617‌
353‌
easyJet
PLC
12,449‌
215‌
Japan
Airlines
Co
Ltd
9,000‌
280‌
Qantas
Airways
Ltd
57,235‌
283‌
Singapore
Airlines
Ltd
42,300‌
284‌
$
1,725‌
Apparel
-
1.89%
Adidas
AG
14,133‌
4,407‌
Burberry
Group
PLC
32,240‌
877‌
Hermes
International
2,482‌
1,860‌
Kering
SA
5,937‌
3,575‌
LVMH
Moet
Hennessy
Louis
Vuitton
SE
21,780‌
9,751‌
Moncler
SpA
14,149‌
619‌
Puma
SE
6,501‌
488‌
Yue
Yuen
Industrial
Holdings
Ltd
56,500‌
167‌
$
21,744‌
Automobile
Manufacturers
-
2.97%
Bayerische
Motoren
Werke
AG
25,943‌
2,092‌
Daimler
AG
71,252‌
4,010‌
Ferrari
NV
9,443‌
1,594‌
Fiat
Chrysler
Automobiles
NV
85,047‌
1,252‌
Hino
Motors
Ltd
22,500‌
220‌
Honda
Motor
Co
Ltd
127,800‌
3,592‌
Isuzu
Motors
Ltd
43,200‌
506‌
Mazda
Motor
Corp
44,500‌
395‌
Mitsubishi
Motors
Corp
52,600‌
236‌
Nissan
Motor
Co
Ltd
181,900‌
1,123‌
Peugeot
SA
46,083‌
1,112‌
Renault
SA
15,062‌
721‌
Subaru
Corp
48,300‌
1,266‌
Suzuki
Motor
Corp
28,900‌
1,283‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Automobile
Manufacturers
(continued)
Toyota
Motor
Corp
179,000‌
$
12,523‌
Volkswagen
AG
2,545‌
484‌
Volvo
AB
-
B
Shares
116,427‌
1,800‌
$
34,209‌
Automobile
Parts
&
Equipment
-
1.00%
Aisin
Seiki
Co
Ltd
12,700‌
481‌
Bridgestone
Corp
44,800‌
1,792‌
Cie
Generale
des
Etablissements
Michelin
SCA
13,388‌
1,606‌
Continental
AG
8,620‌
1,127‌
Denso
Corp
34,000‌
1,519‌
Faurecia
SE
5,950‌
315‌
JTEKT
Corp
16,200‌
202‌
Koito
Manufacturing
Co
Ltd
8,200‌
423‌
NGK
Insulators
Ltd
20,500‌
338‌
NGK
Spark
Plug
Co
Ltd
12,200‌
244‌
Nokian
Renkaat
OYJ
9,796‌
265‌
Pirelli
&
C
SpA
(
e)
31,342‌
178‌
Stanley
Electric
Co
Ltd
10,300‌
285‌
Sumitomo
Electric
Industries
Ltd
59,100‌
883‌
Sumitomo
Rubber
Industries
Ltd
13,400‌
170‌
Toyoda
Gosei
Co
Ltd
5,100‌
119‌
Toyota
Industries
Corp
11,500‌
676‌
Valeo
SA
18,885‌
744‌
Yokohama
Rubber
Co
Ltd/The
9,300‌
192‌
$
11,559‌
Banks
-
10.25%
ABN
AMRO
Bank
NV
(
e)
33,143‌
565‌
AEON
Financial
Service
Co
Ltd
8,800‌
133‌
AIB
Group
PLC
63,804‌
209‌
Aozora
Bank
Ltd
9,300‌
237‌
Australia
&
New
Zealand
Banking
Group
Ltd
222,094‌
3,731‌
Banco
Bilbao
Vizcaya
Argentaria
SA
522,449‌
2,745‌
Banco
de
Sabadell
SA
440,886‌
488‌
Banco
Espirito
Santo
SA
(
d),(f),(g)
131,709‌
—‌
Banco
Santander
SA
1,302,058‌
5,071‌
Bank
Hapoalim
BM
88,920‌
717‌
Bank
Leumi
Le-Israel
BM
115,922‌
840‌
Bank
of
East
Asia
Ltd/The
102,000‌
230‌
Bank
of
Ireland
Group
PLC
75,843‌
380‌
Bank
of
Kyoto
Ltd/The
4,200‌
173‌
Bankia
SA
96,202‌
186‌
Bankinter
SA
52,821‌
369‌
Barclays
PLC
1,351,508‌
2,987‌
Bendigo
&
Adelaide
Bank
Ltd
38,516‌
262‌
BNP
Paribas
SA
88,133‌
4,941‌
BOC
Hong
Kong
Holdings
Ltd
290,000‌
985‌
CaixaBank
SA
281,198‌
829‌
Chiba
Bank
Ltd/The
42,800‌
244‌
Commerzbank
AG
78,500‌
453‌
Commonwealth
Bank
of
Australia
138,704‌
7,589‌
Concordia
Financial
Group
Ltd
83,000‌
337‌
Credit
Agricole
SA
90,408‌
1,234‌
Credit
Suisse
Group
AG
(
d)
200,271‌
2,622‌
Danske
Bank
A/S
50,666‌
684‌
DBS
Group
Holdings
Ltd
140,600‌
2,595‌
Deutsche
Bank
AG
153,841‌
1,105‌
DNB
ASA
74,292‌
1,246‌
Erste
Group
Bank
AG
(
d)
23,574‌
843‌
FinecoBank
Banca
Fineco
SpA
47,710‌
591‌
Fukuoka
Financial
Group
Inc
13,400‌
256‌
Hang
Seng
Bank
Ltd
60,000‌
1,223‌
HSBC
Holdings
PLC
1,581,897‌
11,785‌
ING
Groep
NV
305,293‌
3,511‌
Intesa
Sanpaolo
SpA
1,166,148‌
2,951‌
Israel
Discount
Bank
Ltd
91,204‌
419‌
Japan
Post
Bank
Co
Ltd
31,700‌
307‌
KBC
Group
NV
19,566‌
1,424‌
Lloyds
Banking
Group
PLC
5,493,614‌
4,331‌
Macquarie
Group
Ltd
25,337‌
2,368‌
Schedule
of
Investments
International
Equity
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
105
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
Mediobanca
Banca
di
Credito
Finanziario
SpA
(
h)
48,662‌
$
543‌
Mitsubishi
UFJ
Financial
Group
Inc
963,800‌
5,109‌
Mizrahi
Tefahot
Bank
Ltd
11,022‌
294‌
Mizuho
Financial
Group
Inc
1,890,100‌
2,927‌
National
Australia
Bank
Ltd
225,888‌
3,959‌
Natixis
SA
74,116‌
309‌
Nordea
Bank
Abp
253,856‌
1,798‌
Oversea-Chinese
Banking
Corp
Ltd
253,900‌
2,001‌
Raiffeisen
Bank
International
AG
11,599‌
272‌
Resona
Holdings
Inc
163,900‌
696‌
Royal
Bank
of
Scotland
Group
PLC
378,953‌
1,108‌
Seven
Bank
Ltd
46,200‌
143‌
Shinsei
Bank
Ltd
15,200‌
241‌
Shizuoka
Bank
Ltd/The
35,600‌
271‌
Skandinaviska
Enskilda
Banken
AB
127,521‌
1,094‌
Societe
Generale
SA
63,519‌
1,996‌
Standard
Chartered
PLC
213,602‌
1,922‌
Sumitomo
Mitsui
Financial
Group
Inc
104,200‌
3,815‌
Sumitomo
Mitsui
Trust
Holdings
Inc
25,944‌
994‌
Svenska
Handelsbanken
AB
120,350‌
1,181‌
Swedbank
AB
70,957‌
924‌
UBS
Group
AG
(
d)
302,364‌
3,661‌
UniCredit
SpA
157,492‌
2,174‌
United
Overseas
Bank
Ltd
98,700‌
1,863‌
Westpac
Banking
Corp
273,441‌
4,562‌
$
118,053‌
Beverages
-
2.32%
Anheuser-Busch
InBev
SA/NV
59,703‌
4,733‌
Asahi
Group
Holdings
Ltd
28,400‌
1,367‌
Budweiser
Brewing
Co
APAC
Ltd
(
d),(e)
103,700‌
370‌
Carlsberg
A/S
8,382‌
1,206‌
Coca-Cola
Amatil
Ltd
39,709‌
306‌
Coca-Cola
Bottlers
Japan
Holdings
Inc
9,700‌
233‌
Coca-Cola
European
Partners
PLC
18,125‌
915‌
Coca-Cola
HBC
AG
(
d)
15,645‌
522‌
Davide
Campari-Milano
SpA
45,507‌
415‌
Diageo
PLC
185,340‌
7,572‌
Heineken
Holding
NV
9,028‌
865‌
Heineken
NV
20,310‌
2,104‌
Kirin
Holdings
Co
Ltd
64,500‌
1,429‌
Pernod
Ricard
SA
16,637‌
3,056‌
Remy
Cointreau
SA
1,769‌
228‌
Suntory
Beverage
&
Food
Ltd
10,900‌
473‌
Treasury
Wine
Estates
Ltd
56,393‌
714‌
Vitasoy
International
Holdings
Ltd
58,000‌
223‌
$
26,731‌
Biotechnology
-
0.76%
BeiGene
Ltd
ADR
(d)
2,825‌
574‌
CSL
Ltd
35,513‌
6,815‌
Genmab
A/
S
(
d)
5,092‌
1,187‌
H
Lundbeck
A/S
5,462‌
209‌
$
8,785‌
Building
Materials
-
1.44%
AGC
Inc/Japan
14,300‌
523‌
Boral
Ltd
91,855‌
320‌
Cie
de
Saint-Gobain
38,544‌
1,560‌
CRH
PLC
62,451‌
2,389‌
Daikin
Industries
Ltd
19,500‌
2,809‌
Fletcher
Building
Ltd
66,862‌
225‌
Geberit
AG
2,903‌
1,559‌
HeidelbergCement
AG
11,661‌
859‌
James
Hardie
Industries
PLC
34,653‌
679‌
Kingspan
Group
PLC
12,043‌
648‌
LafargeHolcim
Ltd
(
d)
38,607‌
1,990‌
LIXIL
Group
Corp
20,900‌
353‌
Rinnai
Corp
2,600‌
200‌
Sika
AG
9,998‌
1,740‌
Taiheiyo
Cement
Corp
9,500‌
275‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Building
Materials
(continued)
TOTO
Ltd
11,100‌
$
486‌
$
16,615‌
Chemicals
-
3.15%
Air
Liquide
SA
36,959‌
5,011‌
Air
Water
Inc
11,700‌
188‌
Akzo
Nobel
NV
17,846‌
1,709‌
Arkema
SA
5,394‌
559‌
Asahi
Kasei
Corp
98,900‌
1,112‌
BASF
SE
71,966‌
5,402‌
Brenntag
AG
12,107‌
645‌
Chr
Hansen
Holding
A/S
8,266‌
628‌
Clariant
AG
(
d)
15,605‌
323‌
Covestro
AG
(
e)
13,623‌
637‌
Croda
International
PLC
10,070‌
648‌
Daicel
Corp
19,500‌
192‌
EMS-
Chemie
Holding
AG
642‌
399‌
Evonik
Industries
AG
14,606‌
424‌
Givaudan
SA
724‌
2,129‌
Hitachi
Chemical
Co
Ltd
8,200‌
295‌
Incitec
Pivot
Ltd
125,817‌
275‌
Israel
Chemicals
Ltd
55,174‌
259‌
Johnson
Matthey
PLC
15,165‌
563‌
JSR
Corp
15,100‌
268‌
Kansai
Paint
Co
Ltd
13,900‌
351‌
Koninklijke
DSM
NV
14,216‌
1,822‌
Kuraray
Co
Ltd
25,000‌
302‌
LANXESS
AG
6,510‌
434‌
Mitsubishi
Chemical
Holdings
Corp
100,300‌
744‌
Mitsubishi
Gas
Chemical
Co
Inc
12,500‌
196‌
Mitsui
Chemicals
Inc
14,400‌
345‌
Nippon
Paint
Holdings
Co
Ltd
11,500‌
614‌
Nissan
Chemical
Corp
9,800‌
388‌
Nitto
Denko
Corp
12,400‌
696‌
Novozymes
A/S
16,731‌
799‌
Shin-Etsu
Chemical
Co
Ltd
28,500‌
3,063‌
Showa
Denko
KK
10,600‌
283‌
Solvay
SA
5,808‌
666‌
Sumitomo
Chemical
Co
Ltd
116,700‌
527‌
Symrise
AG
10,081‌
977‌
Taiyo
Nippon
Sanso
Corp
10,200‌
227‌
Toray
Industries
Inc
108,700‌
720‌
Tosoh
Corp
20,400‌
304‌
Umicore
SA
15,446‌
663‌
Yara
International
ASA
13,874‌
523‌
$
36,310‌
Commercial
Services
-
2.61%
Adecco
Group
AG
12,159‌
753‌
Adyen
NV
(
d),(e)
812‌
623‌
Amadeus
IT
Group
SA
33,791‌
2,689‌
Ashtead
Group
PLC
36,139‌
1,097‌
Atlantia
SpA
38,823‌
860‌
Benesse
Holdings
Inc
5,700‌
150‌
Brambles
Ltd
123,979‌
1,054‌
Bureau
Veritas
SA
23,016‌
603‌
Dai
Nippon
Printing
Co
Ltd
19,100‌
511‌
Edenred
19,055‌
946‌
Experian
PLC
71,385‌
2,368‌
G4S
PLC
121,572‌
329‌
GMO
Payment
Gateway
Inc
3,200‌
227‌
Intertek
Group
PLC
12,646‌
901‌
ISS
A/S
12,367‌
284‌
Park24
Co
Ltd
9,100‌
220‌
Persol
Holdings
Co
Ltd
13,900‌
256‌
Randstad
NV
9,336‌
543‌
Recruit
Holdings
Co
Ltd
106,300‌
3,853‌
RELX
PLC
152,315‌
3,687‌
Rentokil
Initial
PLC
144,901‌
833‌
Secom
Co
Ltd
16,500‌
1,401‌
Securitas
AB
24,534‌
407‌
Schedule
of
Investments
International
Equity
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
106
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Commercial
Services
(continued)
SGS
SA
415‌
$
1,080‌
Sohgo
Security
Services
Co
Ltd
5,600‌
291‌
Toppan
Printing
Co
Ltd
21,900‌
436‌
Transurban
Group
212,433‌
2,209‌
Wirecard
AG
(
h)
9,199‌
1,211‌
Worley
Ltd
26,432‌
268‌
$
30,090‌
Computers
-
0.89%
Atos
SE
7,701‌
654‌
Capgemini
SE
12,453‌
1,473‌
Check
Point
Software
Technologies
Ltd
(
d)
9,543‌
1,125‌
Computershare
Ltd
38,288‌
459‌
CyberArk
Software
Ltd
(
d)
2,957‌
363‌
Fujitsu
Ltd
15,400‌
1,401‌
Ingenico
Group
SA
4,742‌
506‌
Itochu
Techno-Solutions
Corp
7,500‌
201‌
NEC
Corp
19,400‌
776‌
Nomura
Research
Institute
Ltd
26,543‌
560‌
NTT
Data
Corp
49,400‌
674‌
Obic
Co
Ltd
5,000‌
664‌
Otsuka
Corp
8,200‌
329‌
Teleperformance
4,590‌
1,088‌
$
10,273‌
Consumer
Products
-
0.45%
Henkel
AG
&
Co
KGaA
8,143‌
786‌
Reckitt
Benckiser
Group
PLC
55,576‌
4,363‌
$
5,149‌
Cosmetics
&
Personal
Care
-
2.40%
Beiersdorf
AG
7,899‌
920‌
Essity
AB
47,521‌
1,494‌
Kao
Corp
37,800‌
2,976‌
Kose
Corp
2,600‌
415‌
Lion
Corp
17,600‌
355‌
L'Oreal
SA
19,800‌
5,645‌
Pigeon
Corp
9,100‌
423‌
Pola
Orbis
Holdings
Inc
7,100‌
175‌
Shiseido
Co
Ltd
31,300‌
2,263‌
Unicharm
Corp
31,600‌
1,036‌
Unilever
NV
114,980‌
6,841‌
Unilever
PLC
86,961‌
5,151‌
$
27,694‌
Distribution
&
Wholesale
-
1.11%
Bunzl
PLC
26,385‌
724‌
Ferguson
PLC
17,948‌
1,563‌
ITOCHU
Corp
105,500‌
2,303‌
Jardine
Cycle
&
Carriage
Ltd
7,700‌
173‌
Marubeni
Corp
122,500‌
906‌
Mitsubishi
Corp
105,900‌
2,776‌
Mitsui
&
Co
Ltd
129,700‌
2,301‌
Sumitomo
Corp
93,100‌
1,404‌
Toyota
Tsusho
Corp
16,700‌
584‌
$
12,734‌
Diversified
Financial
Services
-
1.63%
Acom
Co
Ltd
31,200‌
130‌
AerCap
Holdings
NV
(
d)
9,633‌
595‌
Amundi
SA
(
e)
4,742‌
359‌
ASX
Ltd
15,170‌
839‌
Credit
Saison
Co
Ltd
12,300‌
204‌
Daiwa
Securities
Group
Inc
119,900‌
608‌
Deutsche
Boerse
AG
14,888‌
2,279‌
Hargreaves
Lansdown
PLC
22,300‌
534‌
Hong
Kong
Exchanges
&
Clearing
Ltd
93,700‌
2,968‌
Japan
Exchange
Group
Inc
39,900‌
679‌
Julius
Baer
Group
Ltd
(
d)
17,537‌
826‌
London
Stock
Exchange
Group
PLC
24,662‌
2,193‌
Magellan
Financial
Group
Ltd
9,990‌
355‌
Mebuki
Financial
Group
Inc
69,300‌
179‌
Mitsubishi
UFJ
Lease
&
Finance
Co
Ltd
31,600‌
203‌
Nomura
Holdings
Inc
260,100‌
1,333‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Diversified
Financial
Services
(continued)
ORIX
Corp
103,700‌
$
1,700‌
SBI
Holdings
Inc/Japan
18,490‌
384‌
Schroders
PLC
9,741‌
415‌
Singapore
Exchange
Ltd
63,000‌
408‌
St
James's
Place
PLC
41,683‌
586‌
Standard
Life
Aberdeen
PLC
188,000‌
770‌
Tokyo
Century
Corp
3,300‌
176‌
$
18,723‌
Electric
-
2.62%
AGL
Energy
Ltd
51,386‌
709‌
AusNet
Services
144,551‌
170‌
Chubu
Electric
Power
Co
Inc
50,400‌
703‌
Chugoku
Electric
Power
Co
Inc/The
21,800‌
288‌
CLP
Holdings
Ltd
128,500‌
1,324‌
E.ON
SE
175,909‌
1,841‌
EDP
-
Energias
de
Portugal
SA
200,550‌
811‌
Electric
Power
Development
Co
Ltd
11,500‌
276‌
Electricite
de
France
SA
47,809‌
491‌
Endesa
SA
24,887‌
677‌
Enel
SpA
637,271‌
4,817‌
Engie
SA
143,109‌
2,264‌
Fortum
Oyj
34,801‌
820‌
HK
Electric
Investments
&
HK
Electric
Investments
Ltd
207,500‌
203‌
Iberdrola
SA
473,555‌
4,659‌
Kansai
Electric
Power
Co
Inc/The
55,100‌
629‌
Kyushu
Electric
Power
Co
Inc
29,800‌
262‌
Mercury
NZ
Ltd
53,369‌
164‌
Meridian
Energy
Ltd
100,409‌
304‌
Origin
Energy
Ltd
137,996‌
813‌
Orsted
A/
S
(
e)
14,823‌
1,366‌
Power
Assets
Holdings
Ltd
108,500‌
754‌
Red
Electrica
Corp
SA
33,916‌
662‌
RWE
AG
45,758‌
1,356‌
Sembcorp
Industries
Ltd
77,100‌
124‌
SSE
PLC
80,017‌
1,345‌
Terna
Rete
Elettrica
Nazionale
SpA
110,242‌
707‌
Tohoku
Electric
Power
Co
Inc
33,500‌
332‌
Tokyo
Electric
Power
Co
Holdings
Inc
(
d)
119,600‌
525‌
Uniper
SE
15,772‌
509‌
Verbund
AG
5,336‌
277‌
$
30,182‌
Electrical
Components
&
Equipment
-
0.60%
Brother
Industries
Ltd
17,500‌
347‌
Casio
Computer
Co
Ltd
15,200‌
290‌
Legrand
SA
20,906‌
1,651‌
Prysmian
SpA
18,909‌
431‌
Schneider
Electric
SE
43,319‌
4,179‌
$
6,898‌
Electronics
-
1.70%
ABB
Ltd
144,399‌
3,155‌
Alps
Alpine
Co
Ltd
16,300‌
367‌
Assa
Abloy
AB
78,534‌
1,865‌
Halma
PLC
29,748‌
809‌
Hirose
Electric
Co
Ltd
2,499‌
308‌
Hitachi
High-Technologies
Corp
5,400‌
353‌
Hoya
Corp
29,900‌
2,732‌
Kyocera
Corp
25,100‌
1,710‌
MINEBEA
MITSUMI
Inc
28,500‌
553‌
Murata
Manufacturing
Co
Ltd
45,000‌
2,610‌
Nidec
Corp
17,600‌
2,605‌
Omron
Corp
15,100‌
888‌
TDK
Corp
10,200‌
1,073‌
Venture
Corp
Ltd
21,500‌
249‌
Yokogawa
Electric
Corp
17,900‌
328‌
$
19,605‌
Schedule
of
Investments
International
Equity
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
107
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Energy
-
Alternate
Sources
-
0.15%
Siemens
Gamesa
Renewable
Energy
SA
18,679‌
$
298‌
Vestas
Wind
Systems
A/S
14,807‌
1,409‌
$
1,707‌
Engineering
&
Construction
-
1.47%
ACS
Actividades
de
Construccion
y
Servicios
SA
20,514‌
797‌
Aena
SME
SA
(
e)
5,290‌
971‌
Aeroports
de
Paris
2,327‌
455‌
Auckland
International
Airport
Ltd
75,928‌
440‌
Bouygues
SA
17,482‌
714‌
Cellnex
Telecom
SA
(
e)
19,627‌
843‌
CIMIC
Group
Ltd
7,623‌
174‌
CK
Infrastructure
Holdings
Ltd
52,000‌
352‌
Eiffage
SA
6,144‌
671‌
Ferrovial
SA
38,514‌
1,143‌
Fraport
AG
Frankfurt
Airport
Services
Worldwide
3,261‌
277‌
HOCHTIEF
AG
1,938‌
238‌
Japan
Airport
Terminal
Co
Ltd
3,900‌
203‌
JGC
Holdings
Corp
17,200‌
250‌
Kajima
Corp
35,200‌
465‌
Keppel
Corp
Ltd
114,000‌
560‌
Lendlease
Group
44,202‌
579‌
NWS
Holdings
Ltd
122,500‌
164‌
Obayashi
Corp
50,900‌
540‌
SATS
Ltd
52,900‌
193‌
Shimizu
Corp
46,300‌
444‌
Singapore
Technologies
Engineering
Ltd
122,300‌
369‌
Skanska
AB
26,651‌
589‌
Sydney
Airport
86,712‌
539‌
Taisei
Corp
15,900‌
624‌
Vinci
SA
40,017‌
4,362‌
$
16,956‌
Entertainment
-
0.51%
Aristocrat
Leisure
Ltd
45,028‌
1,034‌
Flutter
Entertainment
PLC
6,128‌
702‌
Genting
Singapore
Ltd
473,500‌
320‌
GVC
Holdings
PLC
45,593‌
502‌
Oriental
Land
Co
Ltd/Japan
15,700‌
2,173‌
Sankyo
Co
Ltd
3,500‌
119‌
Sega
Sammy
Holdings
Inc
13,500‌
195‌
Tabcorp
Holdings
Ltd
158,218‌
514‌
Toho
Co
Ltd/Tokyo
8,900‌
362‌
$
5,921‌
Environmental
Control
-
0.02%
Kurita
Water
Industries
Ltd
7,800‌
218‌
Food
-
4.81%
a2
Milk
Co
Ltd
(
d)
57,581‌
574‌
Aeon
Co
Ltd
51,200‌
1,046‌
Ajinomoto
Co
Inc
34,400‌
574‌
Associated
British
Foods
PLC
27,915‌
927‌
Barry
Callebaut
AG
236‌
475‌
Calbee
Inc
6,300‌
203‌
Carrefour
SA
47,437‌
783‌
Casino
Guichard
Perrachon
SA
(
h)
4,248‌
187‌
Chocoladefabriken
Lindt
&
Spruengli
AG
-
PC
84‌
641‌
Chocoladefabriken
Lindt
&
Spruengli
AG
-
REG
8‌
683‌
Coles
Group
Ltd
88,840‌
979‌
Colruyt
SA
4,328‌
224‌
Dairy
Farm
International
Holdings
Ltd
26,497‌
155‌
Danone
SA
48,381‌
3,981‌
ICA
Gruppen
AB
7,093‌
310‌
J
Sainsbury
PLC
138,657‌
384‌
Jardine
Strategic
Holdings
Ltd
17,365‌
551‌
Jeronimo
Martins
SGPS
SA
(
h)
19,723‌
315‌
Kerry
Group
PLC
12,444‌
1,596‌
Kikkoman
Corp
11,400‌
573‌
Koninklijke
Ahold
Delhaize
NV
92,750‌
2,389‌
MEIJI
Holdings
Co
Ltd
9,000‌
612‌
METRO
AG
14,108‌
227‌
Mowi
ASA
34,439‌
854‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Food
(continued)
Nestle
SA
233,175‌
$
24,214‌
NH
Foods
Ltd
6,500‌
273‌
Nisshin
Seifun
Group
Inc
15,495‌
291‌
Nissin
Foods
Holdings
Co
Ltd
4,900‌
367‌
Ocado
Group
PLC
(
d)
36,005‌
617‌
Orkla
ASA
58,848‌
570‌
Seven
&
i
Holdings
Co
Ltd
59,100‌
2,205‌
Tesco
PLC
767,349‌
2,276‌
Toyo
Suisan
Kaisha
Ltd
7,000‌
302‌
WH
Group
Ltd
(
e)
749,000‌
769‌
Wilmar
International
Ltd
150,500‌
450‌
Wm
Morrison
Supermarkets
PLC
(
h)
188,052‌
482‌
Woolworths
Group
Ltd
98,622‌
2,661‌
Yakult
Honsha
Co
Ltd
9,400‌
552‌
Yamazaki
Baking
Co
Ltd
9,500‌
174‌
$
55,446‌
Food
Service
-
0.34%
Compass
Group
PLC
124,289‌
3,045‌
Sodexo
SA
6,933‌
808‌
$
3,853‌
Forest
Products
&
Paper
-
0.33%
Mondi
PLC
38,045‌
823‌
Oji
Holdings
Corp
67,500‌
386‌
Smurfit
Kappa
Group
PLC
17,697‌
628‌
Stora
Enso
Oyj
45,581‌
613‌
UPM-
Kymmene
Oyj
41,821‌
1,397‌
$
3,847‌
Gas
-
0.73%
Centrica
PLC
455,875‌
473‌
Enagas
SA
17,771‌
442‌
Hong
Kong
&
China
Gas
Co
Ltd
795,020‌
1,514‌
National
Grid
PLC
272,700‌
3,136‌
Naturgy
Energy
Group
SA
23,133‌
601‌
Osaka
Gas
Co
Ltd
29,400‌
551‌
Snam
SpA
159,598‌
793‌
Toho
Gas
Co
Ltd
5,900‌
223‌
Tokyo
Gas
Co
Ltd
29,500‌
713‌
$
8,446‌
Hand
&
Machine
Tools
-
0.31%
Amada
Holdings
Co
Ltd
25,900‌
289‌
Disco
Corp
2,100‌
454‌
Fuji
Electric
Co
Ltd
9,900‌
305‌
Makita
Corp
17,600‌
583‌
Schindler
Holding
AG
-
PC
3,191‌
795‌
Schindler
Holding
AG
-
REG
1,577‌
377‌
Techtronic
Industries
Co
Ltd
107,500‌
808‌
$
3,611‌
Healthcare
-
Products
-
1.88%
Alcon
Inc
(
d)
32,549‌
1,798‌
Asahi
Intecc
Co
Ltd
15,300‌
446‌
Carl
Zeiss
Meditec
AG
3,154‌
385‌
Cochlear
Ltd
4,528‌
718‌
Coloplast
A/S
9,309‌
1,100‌
Demant
A/
S
(
d)
8,650‌
265‌
EssilorLuxottica
SA
22,209‌
3,450‌
Fisher
&
Paykel
Healthcare
Corp
Ltd
44,959‌
639‌
Koninklijke
Philips
NV
70,930‌
3,293‌
Olympus
Corp
91,300‌
1,356‌
QIAGEN
NV
(
d)
17,785‌
762‌
Sartorius
Stedim
Biotech
2,167‌
344‌
Shimadzu
Corp
17,400‌
524‌
Siemens
Healthineers
AG
(
e)
11,754‌
570‌
Smith
&
Nephew
PLC
68,526‌
1,530‌
Sonova
Holding
AG
4,351‌
994‌
Straumann
Holding
AG
809‌
779‌
Sysmex
Corp
13,100‌
908‌
Terumo
Corp
50,600‌
1,777‌
$
21,638‌
Schedule
of
Investments
International
Equity
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
108
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Services
-
0.69%
BioMerieux
3,247‌
$
293‌
Eurofins
Scientific
SE
(
h)
905‌
475‌
Fresenius
Medical
Care
AG
&
Co
KGaA
16,692‌
1,222‌
Fresenius
SE
&
Co
KGaA
32,738‌
1,791‌
Lonza
Group
AG
(
d)
5,835‌
1,982‌
NMC
Health
PLC
(
h)
7,360‌
239‌
PeptiDream
Inc
(
d)
7,300‌
336‌
Ramsay
Health
Care
Ltd
12,667‌
626‌
Ryman
Healthcare
Ltd
31,342‌
304‌
Sonic
Healthcare
Ltd
35,287‌
720‌
$
7,988‌
Holding
Companies
-
Diversified
-
0.30%
CK
Hutchison
Holdings
Ltd
211,632‌
1,922‌
Jardine
Matheson
Holdings
Ltd
17,353‌
975‌
Swire
Pacific
Ltd
39,000‌
352‌
Washington
H
Soul
Pattinson
&
Co
Ltd
9,379‌
142‌
$
3,391‌
Home
Builders
-
0.50%
Barratt
Developments
PLC
79,770‌
688‌
Berkeley
Group
Holdings
PLC
9,356‌
554‌
Daiwa
House
Industry
Co
Ltd
44,400‌
1,359‌
Iida
Group
Holdings
Co
Ltd
11,620‌
207‌
Persimmon
PLC
24,958‌
825‌
Sekisui
Chemical
Co
Ltd
28,500‌
497‌
Sekisui
House
Ltd
48,700‌
1,053‌
Taylor
Wimpey
PLC
256,961‌
579‌
$
5,762‌
Home
Furnishings
-
0.81%
Electrolux
AB
17,673‌
454‌
Hoshizaki
Corp
4,200‌
368‌
Panasonic
Corp
173,000‌
1,632‌
SEB
SA
1,773‌
276‌
Sharp
Corp/Japan
16,700‌
252‌
Sony
Corp
99,600‌
6,320‌
$
9,302‌
Insurance
-
5.49%
Admiral
Group
PLC
14,819‌
410‌
Aegon
NV
139,570‌
628‌
Ageas
13,990‌
839‌
AIA
Group
Ltd
947,000‌
9,477‌
Allianz
SE
33,258‌
7,954‌
AMP
Ltd
262,695‌
348‌
Assicurazioni
Generali
SpA
86,088‌
1,756‌
Aviva
PLC
306,881‌
1,600‌
AXA
SA
151,388‌
4,119‌
Baloise
Holding
AG
3,825‌
665‌
Challenger
Ltd
43,128‌
238‌
CNP
Assurances
13,450‌
265‌
Dai-ichi
Life
Holdings
Inc
84,500‌
1,363‌
Direct
Line
Insurance
Group
PLC
107,735‌
425‌
Gjensidige
Forsikring
ASA
15,671‌
295‌
Hannover
Rueck
SE
4,726‌
877‌
Insurance
Australia
Group
Ltd
181,077‌
968‌
Japan
Post
Holdings
Co
Ltd
123,400‌
1,161‌
Japan
Post
Insurance
Co
Ltd
17,600‌
303‌
Legal
&
General
Group
PLC
467,333‌
1,696‌
M&G
PLC
(
d)
200,561‌
612‌
Mapfre
SA
84,452‌
238‌
Medibank
Pvt
Ltd
215,784‌
476‌
MS&AD
Insurance
Group
Holdings
Inc
37,100‌
1,201‌
Muenchener
Rueckversicherungs
-Gesellschaft
AG
in
Muenchen
11,308‌
3,245‌
NN
Group
NV
23,976‌
920‌
Prudential
PLC
203,699‌
3,615‌
QBE
Insurance
Group
Ltd
103,007‌
885‌
RSA
Insurance
Group
PLC
80,806‌
576‌
Sampo
Oyj
34,737‌
1,404‌
SCOR
SE
12,424‌
534‌
Sompo
Holdings
Inc
26,350‌
1,039‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
(continued)
Sony
Financial
Holdings
Inc
12,000‌
$
279‌
Suncorp
Group
Ltd
98,791‌
895‌
Swiss
Life
Holding
AG
2,633‌
1,306‌
Swiss
Re
AG
23,088‌
2,501‌
T&D
Holdings
Inc
43,600‌
513‌
Tokio
Marine
Holdings
Inc
50,100‌
2,726‌
Tryg
A/S
9,470‌
272‌
Zurich
Insurance
Group
AG
11,723‌
4,601‌
$
63,225‌
Internet
-
0.80%
Auto
Trader
Group
PLC
(
e)
72,583‌
527‌
CyberAgent
Inc
7,900‌
273‌
Delivery
Hero
SE
(
d),(e)
8,871‌
469‌
Iliad
SA
(
h)
2,084‌
265‌
Kakaku.com
Inc
10,700‌
259‌
LINE
Corp
(
d),(h)
4,700‌
221‌
M3
Inc
34,500‌
950‌
Mercari
Inc
(
d)
6,000‌
132‌
MonotaRO
Co
Ltd
9,800‌
276‌
Prosus
NV
(
d)
38,189‌
2,603‌
Rakuten
Inc
67,400‌
586‌
SEEK
Ltd
26,201‌
412‌
Trend
Micro
Inc/Japan
9,900‌
535‌
United
Internet
AG
9,638‌
326‌
Wix.com
Ltd
(
d)
3,713‌
449‌
Z
Holdings
Corp
207,800‌
716‌
ZOZO
Inc
8,600‌
171‌
$
9,170‌
Investment
Companies
-
0.53%
Eurazeo
SE
3,085‌
210‌
EXOR
NV
8,498‌
649‌
Groupe
Bruxelles
Lambert
SA
6,323‌
641‌
Industrivarden
AB
13,087‌
304‌
Investor
AB
35,689‌
1,886‌
Kinnevik
AB
(
d)
18,956‌
115‌
Kinnevik
AB
-
B
Shares
18,956‌
434‌
L
E
Lundbergforetagen
AB
5,956‌
236‌
Melrose
Industries
PLC
380,659‌
1,129‌
Pargesa
Holding
SA
3,026‌
239‌
Wendel
SA
2,122‌
286‌
$
6,129‌
Iron
&
Steel
-
0.39%
ArcelorMittal
SA
52,045‌
889‌
BlueScope
Steel
Ltd
40,276‌
396‌
Evraz
PLC
39,817‌
191‌
Fortescue
Metals
Group
Ltd
108,560‌
715‌
Hitachi
Metals
Ltd
16,800‌
235‌
JFE
Holdings
Inc
38,500‌
491‌
Nippon
Steel
Corp
63,277‌
929‌
thyssenkrupp
AG
(
h)
31,706‌
396‌
voestalpine
AG
9,094‌
241‌
$
4,483‌
Leisure
Products
&
Services
-
0.27%
Carnival
PLC
12,541‌
525‌
Flight
Centre
Travel
Group
Ltd
4,358‌
130‌
Shimano
Inc
5,800‌
939‌
TUI
AG
34,548‌
473‌
Yamaha
Corp
11,300‌
623‌
Yamaha
Motor
Co
Ltd
21,900‌
458‌
$
3,148‌
Lodging
-
0.47%
Accor
SA
13,754‌
588‌
City
Developments
Ltd
35,700‌
270‌
Crown
Resorts
Ltd
29,182‌
255‌
Galaxy
Entertainment
Group
Ltd
170,000‌
1,113‌
InterContinental
Hotels
Group
PLC
13,550‌
876‌
Melco
Resorts
&
Entertainment
Ltd
ADR
16,467‌
351‌
Sands
China
Ltd
190,000‌
900‌
SJM
Holdings
Ltd
156,000‌
159‌
Schedule
of
Investments
International
Equity
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
109
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Lodging
(continued)
Whitbread
PLC
10,474‌
$
622‌
Wynn
Macau
Ltd
122,000‌
268‌
$
5,402‌
Machinery
-
Construction
&
Mining
-
0.90%
Epiroc
AB
-
A
Shares
51,636‌
603‌
Epiroc
AB
-
B
Shares
30,555‌
343‌
Hitachi
Construction
Machinery
Co
Ltd
8,400‌
222‌
Hitachi
Ltd
75,700‌
2,981‌
Komatsu
Ltd
72,400‌
1,702‌
Mitsubishi
Electric
Corp
143,000‌
1,977‌
Mitsubishi
Heavy
Industries
Ltd
25,100‌
961‌
Sandvik
AB
88,456‌
1,609‌
$
10,398‌
Machinery
-
Diversified
-
1.93%
ANDRITZ
AG
5,705‌
222‌
Atlas
Copco
AB
-
A
Shares
52,616‌
1,928‌
Atlas
Copco
AB
-
B
Shares
30,576‌
988‌
CNH
Industrial
NV
79,381‌
848‌
Daifuku
Co
Ltd
7,900‌
460‌
FANUC
Corp
15,200‌
2,902‌
GEA
Group
AG
12,021‌
386‌
Hexagon
AB
20,573‌
1,163‌
Husqvarna
AB
32,724‌
256‌
Keyence
Corp
14,360‌
4,917‌
KION
Group
AG
5,090‌
337‌
Kone
Oyj
26,633‌
1,667‌
Kubota
Corp
82,100‌
1,268‌
Metso
OYJ
8,247‌
316‌
Nabtesco
Corp
8,900‌
274‌
SMC
Corp/Japan
4,500‌
2,042‌
Spirax-Sarco
Engineering
PLC
5,769‌
665‌
Sumitomo
Heavy
Industries
Ltd
8,700‌
249‌
THK
Co
Ltd
9,400‌
264‌
Weir
Group
PLC/The
20,341‌
367‌
Yaskawa
Electric
Corp
18,800‌
692‌
$
22,211‌
Media
-
0.60%
Altice
Europe
NV
(
d)
52,868‌
314‌
Axel
Springer
SE
3,758‌
264‌
Bollore
SA
69,048‌
295‌
Informa
PLC
98,082‌
1,004‌
ITV
PLC
283,862‌
532‌
Pearson
PLC
61,272‌
513‌
Schibsted
ASA
-
B
Shares
7,681‌
198‌
Singapore
Press
Holdings
Ltd
126,700‌
204‌
Telenet
Group
Holding
NV
3,628‌
164‌
Vivendi
SA
66,913‌
1,837‌
Wolters
Kluwer
NV
21,918‌
1,574‌
$
6,899‌
Metal
Fabrication
&
Hardware
-
0.17%
Maruichi
Steel
Tube
Ltd
4,400‌
127‌
MISUMI
Group
Inc
22,200‌
551‌
NSK
Ltd
28,100‌
272‌
SKF
AB
29,801‌
569‌
Tenaris
SA
37,000‌
393‌
$
1,912‌
Mining
-
2.21%
Alumina
Ltd
(
h)
191,798‌
300‌
Anglo
American
PLC
81,250‌
2,126‌
Antofagasta
PLC
30,898‌
346‌
BHP
Group
Ltd
230,817‌
5,951‌
BHP
Group
PLC
165,487‌
3,666‌
Boliden
AB
(
d)
21,431‌
553‌
Glencore
PLC
(
d)
849,552‌
2,682‌
Mitsubishi
Materials
Corp
8,700‌
233‌
Newcrest
Mining
Ltd
60,212‌
1,254‌
Norsk
Hydro
ASA
105,373‌
372‌
Rio
Tinto
Ltd
29,087‌
1,907‌
Rio
Tinto
PLC
88,538‌
4,820‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Mining
(continued)
South32
Ltd
391,623‌
$
714‌
Sumitomo
Metal
Mining
Co
Ltd
18,300‌
555‌
$
25,479‌
Miscellaneous
Manufacturers
-
1.06%
Alfa
Laval
AB
24,650‌
606‌
Alstom
SA
14,939‌
652‌
Knorr-
Bremse
AG
3,790‌
368‌
Nikon
Corp
25,100‌
345‌
Orica
Ltd
29,818‌
480‌
Siemens
AG
59,941‌
7,724‌
Smiths
Group
PLC
31,039‌
666‌
Toshiba
Corp
38,800‌
1,394‌
$
12,235‌
Office
&
Business
Equipment
-
0.40%
Canon
Inc
78,400‌
2,172‌
FUJIFILM
Holdings
Corp
28,300‌
1,338‌
Konica
Minolta
Inc
35,500‌
233‌
Ricoh
Co
Ltd
52,500‌
541‌
Seiko
Epson
Corp
21,900‌
334‌
$
4,618‌
Oil
&
Gas
-
4.64%
Aker
BP
ASA
8,466‌
242‌
BP
PLC
1,596,147‌
9,941‌
Caltex
Australia
Ltd
19,566‌
457‌
DCC
PLC
7,705‌
658‌
Eni
SpA
199,324‌
3,003‌
Equinor
ASA
78,478‌
1,447‌
Galp
Energia
SGPS
SA
39,275‌
639‌
Idemitsu
Kosan
Co
Ltd
15,381‌
420‌
Inpex
Corp
80,200‌
783‌
JXTG
Holdings
Inc
247,930‌
1,102‌
Lundin
Petroleum
AB
14,562‌
449‌
Neste
Oyj
33,150‌
1,121‌
Oil
Search
Ltd
107,521‌
541‌
OMV
AG
11,540‌
657‌
Repsol
SA
112,742‌
1,775‌
Royal
Dutch
Shell
PLC
-
A
Shares
335,237‌
9,604‌
Royal
Dutch
Shell
PLC
-
B
Shares
292,706‌
8,303‌
Santos
Ltd
138,726‌
765‌
TOTAL
SA
188,048‌
9,864‌
Woodside
Petroleum
Ltd
73,351‌
1,712‌
$
53,483‌
Packaging
&
Containers
-
0.02%
Toyo
Seikan
Group
Holdings
Ltd
11,200‌
195‌
Pharmaceuticals
-
8.56%
Alfresa
Holdings
Corp
14,700‌
304‌
Astellas
Pharma
Inc
147,900‌
2,525‌
AstraZeneca
PLC
102,788‌
9,930‌
Bayer
AG
73,069‌
5,519‌
Chugai
Pharmaceutical
Co
Ltd
17,600‌
1,538‌
Daiichi
Sankyo
Co
Ltd
44,400‌
2,786‌
Eisai
Co
Ltd
19,700‌
1,461‌
Galapagos
NV
(
d)
3,397‌
667‌
GlaxoSmithKline
PLC
390,861‌
8,880‌
Grifols
SA
23,373‌
798‌
Hisamitsu
Pharmaceutical
Co
Inc
4,100‌
201‌
Ipsen
SA
2,956‌
334‌
Kobayashi
Pharmaceutical
Co
Ltd
3,800‌
312‌
Kyowa
Kirin
Co
Ltd
19,000‌
404‌
Medipal
Holdings
Corp
14,300‌
307‌
Merck
KGaA
10,127‌
1,182‌
Mitsubishi
Tanabe
Pharma
Corp
17,600‌
322‌
Nippon
Shinyaku
Co
Ltd
3,500‌
316‌
Novartis
AG
168,321‌
15,517‌
Novo
Nordisk
A/S
138,641‌
7,793‌
Ono
Pharmaceutical
Co
Ltd
29,800‌
669‌
Orion
Oyj
8,183‌
356‌
Otsuka
Holdings
Co
Ltd
30,500‌
1,331‌
Recordati
SpA
8,194‌
344‌
Schedule
of
Investments
International
Equity
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
110
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pharmaceuticals
(continued)
Roche
Holding
AG
55,047‌
$
16,971‌
Sanofi
88,291‌
8,230‌
Santen
Pharmaceutical
Co
Ltd
28,200‌
529‌
Shionogi
&
Co
Ltd
21,100‌
1,242‌
Sumitomo
Dainippon
Pharma
Co
Ltd
12,400‌
234‌
Suzuken
Co
Ltd/Aichi
Japan
5,600‌
245‌
Taisho
Pharmaceutical
Holdings
Co
Ltd
2,700‌
199‌
Takeda
Pharmaceutical
Co
Ltd
117,300‌
4,779‌
Teva
Pharmaceutical
Industries
Ltd
ADR
(d)
85,646‌
892‌
UCB
SA
9,907‌
803‌
Vifor
Pharma
AG
3,566‌
636‌
$
98,556‌
Pipelines
-
0.09%
APA
Group
92,449‌
688‌
Koninklijke
Vopak
NV
5,510‌
294‌
$
982‌
Private
Equity
-
0.20%
3i
Group
PLC
76,238‌
1,055‌
Partners
Group
Holding
AG
1,464‌
1,235‌
$
2,290‌
Real
Estate
-
1.62%
Aeon
Mall
Co
Ltd
8,050‌
129‌
Aroundtown
SA
71,901‌
624‌
Azrieli
Group
Ltd
3,327‌
259‌
CapitaLand
Ltd
201,200‌
541‌
CK
Asset
Holdings
Ltd
202,632‌
1,347‌
Daito
Trust
Construction
Co
Ltd
5,600‌
686‌
Deutsche
Wohnen
SE
28,183‌
1,101‌
Hang
Lung
Properties
Ltd
159,000‌
326‌
Henderson
Land
Development
Co
Ltd
113,982‌
549‌
Hongkong
Land
Holdings
Ltd
91,434‌
503‌
Hulic
Co
Ltd
23,700‌
267‌
Kerry
Properties
Ltd
51,500‌
166‌
Mitsubishi
Estate
Co
Ltd
92,600‌
1,698‌
Mitsui
Fudosan
Co
Ltd
70,000‌
1,743‌
New
World
Development
Co
Ltd
481,000‌
628‌
Nomura
Real
Estate
Holdings
Inc
9,800‌
237‌
REA
Group
Ltd
4,129‌
292‌
Sino
Land
Co
Ltd
241,073‌
362‌
Sumitomo
Realty
&
Development
Co
Ltd
26,100‌
910‌
Sun
Hung
Kai
Properties
Ltd
124,500‌
1,814‌
Swire
Properties
Ltd
91,600‌
285‌
Swiss
Prime
Site
AG
(
d)
5,952‌
628‌
Tokyu
Fudosan
Holdings
Corp
47,900‌
329‌
UOL
Group
Ltd
36,400‌
207‌
Vonovia
SE
40,363‌
2,101‌
Wharf
Real
Estate
Investment
Co
Ltd
95,000‌
528‌
Wheelock
&
Co
Ltd
64,000‌
398‌
$
18,658‌
REITs
-
1.66%
Ascendas
Real
Estate
Investment
Trust
226,250‌
493‌
British
Land
Co
PLC/The
69,187‌
515‌
CapitaLand
Commercial
Trust
211,400‌
311‌
CapitaLand
Mall
Trust
202,300‌
373‌
Covivio
3,755‌
415‌
Daiwa
House
REIT
Investment
Corp
146‌
399‌
Dexus
85,940‌
710‌
Gecina
SA
3,587‌
620‌
Goodman
Group
128,933‌
1,291‌
GPT
Group/The
152,623‌
634‌
ICADE
2,337‌
234‌
Japan
Prime
Realty
Investment
Corp
61‌
278‌
Japan
Real
Estate
Investment
Corp
103‌
701‌
Japan
Retail
Fund
Investment
Corp
205‌
467‌
Klepierre
SA
15,513‌
557‌
Land
Securities
Group
PLC
55,191‌
684‌
Link
REIT
165,000‌
1,685‌
Mapletree
Commercial
Trust
157,900‌
272‌
Mirvac
Group
308,231‌
702‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
(continued)
Nippon
Building
Fund
Inc
106‌
$
795‌
Nippon
Prologis
REIT
Inc
(
d)
156‌
419‌
Nomura
Real
Estate
Master
Fund
Inc
320‌
584‌
Orix
JREIT
Inc
205‌
450‌
Scentre
Group
416,602‌
1,109‌
Segro
PLC
85,659‌
989‌
Stockland
186,821‌
638‌
Suntec
Real
Estate
Investment
Trust
153,400‌
206‌
Unibail
-
Rodamco
-Westfield
10,839‌
1,694‌
United
Urban
Investment
Corp
(
h)
232‌
451‌
Vicinity
Centres
251,203‌
455‌
$
19,131‌
Retail
-
1.90%
ABC-Mart
Inc
2,600‌
173‌
Cie
Financiere
Richemont
SA
40,901‌
3,101‌
Dufry
AG
(
d)
3,170‌
310‌
FamilyMart
Co
Ltd
19,900‌
469‌
Fast
Retailing
Co
Ltd
4,600‌
2,804‌
Harvey
Norman
Holdings
Ltd
44,042‌
128‌
Hennes
&
Mauritz
AB
62,946‌
1,215‌
Industria
de
Diseno
Textil
SA
85,470‌
2,659‌
Isetan
Mitsukoshi
Holdings
Ltd
26,300‌
234‌
J
Front
Retailing
Co
Ltd
18,100‌
238‌
JD
Sports
Fashion
PLC
34,314‌
337‌
Kingfisher
PLC
165,333‌
448‌
Lawson
Inc
3,900‌
213‌
Marks
&
Spencer
Group
PLC
152,790‌
384‌
Marui
Group
Co
Ltd
14,900‌
359‌
McDonald's
Holdings
Co
Japan
Ltd
5,200‌
257‌
Next
PLC
10,439‌
912‌
Nitori
Holdings
Co
Ltd
6,200‌
972‌
Pan
Pacific
International
Holdings
Corp
34,700‌
563‌
Pandora
A/S
7,836‌
316‌
Ryohin
Keikaku
Co
Ltd
18,700‌
426‌
Shimamura
Co
Ltd
1,700‌
136‌
Sundrug
Co
Ltd
5,600‌
197‌
Swatch
Group
AG/The
-
BR
2,268‌
634‌
Swatch
Group
AG/The
-
REG
4,123‌
220‌
Tsuruha
Holdings
Inc
2,800‌
334‌
USS
Co
Ltd
17,100‌
332‌
Welcia
Holdings
Co
Ltd
3,600‌
221‌
Wesfarmers
Ltd
88,841‌
2,555‌
Yamada
Denki
Co
Ltd
49,200‌
246‌
Zalando
SE
(
d),(e)
10,846‌
467‌
$
21,860‌
Semiconductors
-
1.76%
Advantest
Corp
15,600‌
764‌
ASM
Pacific
Technology
Ltd
23,900‌
312‌
ASML
Holding
NV
33,352‌
9,041‌
Hamamatsu
Photonics
KK
11,000‌
446‌
Infineon
Technologies
AG
97,956‌
2,088‌
NXP
Semiconductors
NV
21,841‌
2,524‌
Renesas
Electronics
Corp
(
d)
60,000‌
391‌
Rohm
Co
Ltd
7,300‌
615‌
STMicroelectronics
NV
53,510‌
1,308‌
SUMCO
Corp
19,500‌
302‌
Tokyo
Electron
Ltd
12,200‌
2,524‌
$
20,315‌
Shipbuilding
-
0.04%
Wartsila
OYJ
Abp
34,772‌
350‌
Yangzijiang
Shipbuilding
Holdings
Ltd
186,800‌
141‌
$
491‌
Software
-
1.47%
AVEVA
Group
PLC
5,061‌
298‌
Dassault
Systemes
SE
10,302‌
1,623‌
Konami
Holdings
Corp
7,300‌
322‌
Micro
Focus
International
PLC
26,554‌
389‌
Nexon
Co
Ltd
(
d)
38,600‌
527‌
Oracle
Corp
Japan
3,000‌
276‌
Schedule
of
Investments
International
Equity
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
111
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
(continued)
Sage
Group
PLC/The
85,286‌
$
830‌
SAP
SE
77,005‌
10,462‌
Square
Enix
Holdings
Co
Ltd
7,200‌
356‌
Temenos
AG
(
d)
5,119‌
777‌
Ubisoft
Entertainment
SA
(
d)
6,621‌
402‌
WiseTech
Global
Ltd
11,218‌
207‌
Worldline
SA/
France
(
d),(e)
7,871‌
510‌
$
16,979‌
Telecommunications
-
4.10%
BT
Group
PLC
658,141‌
1,629‌
Deutsche
Telekom
AG
261,152‌
4,385‌
Elisa
Oyj
11,146‌
596‌
Eutelsat
Communications
SA
(
h)
13,679‌
224‌
Hikari
Tsushin
Inc
1,600‌
373‌
HKT
Trust
&
HKT
Ltd
296,980‌
436‌
KDDI
Corp
138,500‌
3,979‌
Koninklijke
KPN
NV
279,910‌
862‌
Millicom
International
Cellular
SA
(
h)
5,183‌
232‌
Nice
Ltd
(
d)
4,869‌
737‌
Nippon
Telegraph
&
Telephone
Corp
50,400‌
2,546‌
Nokia
OYJ
441,595‌
1,563‌
NTT
DOCOMO
Inc
104,600‌
2,872‌
Orange
SA
(
h)
156,317‌
2,583‌
PCCW
Ltd
332,000‌
200‌
Proximus
SADP
11,919‌
360‌
SES
SA
28,542‌
379‌
Singapore
Telecommunications
Ltd
639,800‌
1,581‌
Softbank
Corp
131,300‌
1,784‌
SoftBank
Group
Corp
122,900‌
4,781‌
Spark
New
Zealand
Ltd
143,871‌
419‌
Swisscom
AG
2,030‌
1,051‌
Tele2
AB
39,128‌
577‌
Telecom
Italia
SpA
/
Milano
(
d)
714,722‌
447‌
Telecom
Italia
SpA
/Milano
-
RSP
472,291‌
291‌
Telefonaktiebolaget
LM
Ericsson
240,731‌
2,169‌
Telefonica
Deutschland
Holding
AG
69,920‌
213‌
Telefonica
SA
366,137‌
2,800‌
Telenor
ASA
56,510‌
1,032‌
Telia
Co
AB
214,388‌
928‌
Telstra
Corp
Ltd
326,156‌
853‌
TPG
Telecom
Ltd
29,079‌
138‌
Vodafone
Group
PLC
2,097,338‌
4,153‌
$
47,173‌
Textiles
-
0.02%
Teijin
Ltd
13,900‌
262‌
Toys,
Games
&
Hobbies
-
0.38%
Bandai
Namco
Holdings
Inc
15,700‌
952‌
Nintendo
Co
Ltd
8,800‌
3,408‌
$
4,360‌
Transportation
-
1.97%
AP
Moller
-
Maersk
A/S
-
A
295‌
383‌
AP
Moller
-
Maersk
A/S
-
B
512‌
716‌
Aurizon
Holdings
Ltd
155,933‌
610‌
Central
Japan
Railway
Co
11,300‌
2,284‌
ComfortDelGro
Corp
Ltd
169,700‌
292‌
Deutsche
Post
AG
77,509‌
2,890‌
DSV
PANALPINA
A/S
17,032‌
1,855‌
East
Japan
Railway
Co
23,700‌
2,181‌
Getlink
SE
34,475‌
581‌
Hankyu
Hanshin
Holdings
Inc
18,000‌
774‌
Kamigumi
Co
Ltd
8,400‌
186‌
Keihan
Holdings
Co
Ltd
7,600‌
372‌
Keikyu
Corp
17,200‌
354‌
Keio
Corp
8,000‌
514‌
Keisei
Electric
Railway
Co
Ltd
10,200‌
421‌
Kintetsu
Group
Holdings
Co
Ltd
13,400‌
758‌
Kuehne
+
Nagel
International
AG
4,232‌
688‌
Kyushu
Railway
Co
12,600‌
429‌
Mitsui
OSK
Lines
Ltd
9,000‌
236‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Transportation
(continued)
MTR
Corp
Ltd
120,500‌
$
676‌
Nagoya
Railroad
Co
Ltd
14,700‌
469‌
Nippon
Express
Co
Ltd
6,200‌
394‌
Nippon
Yusen
KK
12,000‌
206‌
Odakyu
Electric
Railway
Co
Ltd
23,100‌
568‌
Poste
Italiane
SpA
(
e)
40,935‌
477‌
Seibu
Holdings
Inc
15,600‌
275‌
SG
Holdings
Co
Ltd
11,300‌
271‌
Tobu
Railway
Co
Ltd
15,000‌
549‌
Tokyu
Corp
39,200‌
774‌
West
Japan
Railway
Co
12,800‌
1,128‌
Yamato
Holdings
Co
Ltd
24,200‌
414‌
$
22,725‌
Water
-
0.23%
Severn
Trent
PLC
18,637‌
541‌
Suez
26,777‌
396‌
United
Utilities
Group
PLC
53,428‌
590‌
Veolia
Environnement
SA
42,118‌
1,078‌
$
2,605‌
TOTAL
COMMON
STOCKS
$
1,123,116‌
PREFERRED
STOCKS
-
0.54%
Shares
Held
Value
(000's)
Automobile
Manufacturers
-
0.34%
Bayerische
Motoren
Werke
AG
3.52%
4,398‌
$
271‌
Porsche
Automobil
Holding
SE
2.21%
11,999‌
886‌
Volkswagen
AG
4.86%
14,542‌
2,806‌
$
3,963‌
Chemicals
-
0.02%
FUCHS
PETROLUB
SE
0.95%
5,446‌
235‌
Consumer
Products
-
0.13%
Henkel
AG
&
Co
KGaA
1.85%
13,961‌
1,473‌
Electronics
-
0.05%
Sartorius
AG
0.62%
2,787‌
587‌
TOTAL
PREFERRED
STOCKS
$
6,258‌
Total
Investments
$
1,152,756‌
Other
Assets
and
Liabilities
-  (
0.07)%
(777‌)
TOTAL
NET
ASSETS
-
100.00%
$
1,151,979‌
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$7,225
or
0.63
%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940)
or
an
affiliate
as
defined
by
the
Investment
Company
Act
of
1940
(controls
5.0%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
affiliated
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$9,701
or
0.84%
of
net
assets.
(f)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs.
(g)
Fair
value
of
these
investments
is
determined
in
good
faith
by
the
Manager
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
Certain
inputs
used
in
the
valuation
may
be
unobservable;
however,
each
security
is
evaluated
individually
for
purposes
of
ASC
820
which
results
in
not
all
securities
being
identified
as
Level
3
of
the
fair
value
hierarchy.
At
the
end
of
the
period,
the
fair
value
of
these
securities
totaled
$0
or
0.00%
of
net
assets.
(h)
Security
or
a
portion
of
the
security
was
on
loan
at
the
end
of
the
period.
Schedule
of
Investments
International
Equity
Index
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
112
Portfolio
Summary  (
unaudited)
Location
Percent
Japan
24.35‌%
United
Kingdom
14.31‌%
France
10.93‌%
Switzerland
9.42‌%
Germany
8.52‌%
Australia
6.85‌%
Netherlands
4.82‌%
Hong
Kong
3.28‌%
Spain
2.74‌%
Sweden
2.41‌%
United
States
2.08‌%
Italy
2.04‌%
Denmark
1.76‌%
Singapore
1.25‌%
Finland
1.07‌%
Belgium
0.96‌%
Ireland
0.96‌%
Israel
0.58‌%
Norway
0.58‌%
New
Zealand
0.27‌%
Luxembourg
0.26‌%
Austria
0.21‌%
Portugal
0.15‌%
Macao
0.10‌%
China
0.06‌%
Isle
of
Man
0.04‌%
Chile
0.03‌%
Russian
Federation
0.02‌%
United
Arab
Emirates
0.02‌%
Other
Assets
and
Liabilities
(
0.07‌)%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
August
31,
2019
Purchases
Sales
November
30,
2019
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
1.52%
$
6,107‌
$
78,967‌
$
74,654‌
$
10,420‌
$
6,107‌
$
78,967‌
$
74,654‌
$
10,420‌
Income
Realized
Gain/Loss
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/Loss
Principal
Government
Money
Market
Fund
1.52%
$
24‌
$
—‌
$
—‌
$
—‌
$
24‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
eMini
MSCI
EAFE;
December
2019
Long
58‌
$
5,734‌
$
172‌
Total
$
172‌
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
International
Small
Company
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
113
INVESTMENT
COMPANIES
-
3.29%
Shares
Held
Value
(000's)
Money
Market
Funds
-
3.29%
BlackRock
Liquidity
FedFund
1.53
%
(a),(b)
5,262,328‌
$
5,262‌
Principal
Government
Money
Market
Fund
1.52
%
(a),(b),(c)
25,639,649‌
25,640‌
$
30,902‌
TOTAL
INVESTMENT
COMPANIES
$
30,902‌
COMMON
STOCKS
-
98.08%
Shares
Held
Value
(000's)
Advertising
-
0.53%
Stroeer
SE
&
Co
KGaA
63,655‌
4,976‌
Aerospace
&
Defense
-
1.85%
CAE
Inc
172,600‌
4,638‌
Meggitt
PLC
607,947‌
5,052‌
Rheinmetall
AG
55,374‌
5,894‌
Ultra
Electronics
Holdings
PLC
67,262‌
1,813‌
$
17,397‌
Airlines
-
0.96%
Air
Canada
(
d)
150,800‌
5,682‌
Wizz
Air
Holdings
Plc
(
d),(e)
66,019‌
3,368‌
$
9,050‌
Apparel
-
1.46%
boohoo
Group
PLC
(
d)
1,487,452‌
6,060‌
Moncler
SpA
58,083‌
2,543‌
Puma
SE
32,514‌
2,441‌
Yue
Yuen
Industrial
Holdings
Ltd
920,500‌
2,722‌
$
13,766‌
Automobile
Manufacturers
-
0.22%
Isuzu
Motors
Ltd
175,500‌
2,055‌
Automobile
Parts
&
Equipment
-
0.78%
Keihin
Corp
83,300‌
1,961‌
Toyoda
Gosei
Co
Ltd
148,900‌
3,481‌
TS
Tech
Co
Ltd
61,600‌
1,915‌
$
7,357‌
Banks
-
4.04%
77
Bank
Ltd/The
114,400‌
1,848‌
Banco
Comercial
Portugues
SA
24,470,577‌
5,281‌
BAWAG
Group
AG
(
d),(e)
85,950‌
3,448‌
Cembra
Money
Bank
AG
41,494‌
4,318‌
Israel
Discount
Bank
Ltd
1,470,474‌
6,763‌
Mediobanca
Banca
di
Credito
Finanziario
SpA
455,736‌
5,089‌
Mizrahi
Tefahot
Bank
Ltd
260,856‌
6,970‌
Paragon
Banking
Group
PLC
661,018‌
4,246‌
$
37,963‌
Beverages
-
1.04%
Carlsberg
A/S
14,751‌
2,122‌
Royal
Unibrew
A/S
85,094‌
7,659‌
$
9,781‌
Building
Materials
-
1.13%
Buzzi
Unicem
SpA
297,841‌
7,364‌
Ibstock
PLC
(
e)
671,665‌
2,286‌
Nichiha
Corp
39,100‌
988‌
$
10,638‌
Chemicals
-
3.65%
Arkema
SA
51,467‌
5,334‌
Denka
Co
Ltd
202,500‌
6,037‌
DIC
Corp
179,500‌
4,877‌
Koninklijke
DSM
NV
19,191‌
2,459‌
Lintec
Corp
117,900‌
2,633‌
Solvay
SA
21,832‌
2,502‌
Sumitomo
Bakelite
Co
Ltd
127,800‌
5,049‌
Zeon
Corp
424,000‌
5,467‌
$
34,358‌
Commercial
Services
-
2.56%
Kanamoto
Co
Ltd
110,300‌
3,146‌
Loomis
AB
165,119‌
6,897‌
Nishio
Rent
All
Co
Ltd
79,300‌
2,197‌
QinetiQ
Group
PLC
899,652‌
3,885‌
Rentokil
Initial
PLC
965,501‌
5,551‌
Sixt
SE
25,651‌
2,426‌
$
24,102‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Computers
-
4.59%
Appen
Ltd
159,380‌
$
2,641‌
Bechtle
AG
34,446‌
4,521‌
Computacenter
PLC
135,967‌
2,654‌
CyberArk
Software
Ltd
(
d)
42,302‌
5,184‌
Indra
Sistemas
SA
(
d)
383,663‌
4,108‌
Keywords
Studios
PLC
127,906‌
2,326‌
Logitech
International
SA
62,919‌
2,750‌
MCJ
Co
Ltd
222,800‌
1,630‌
NEC
Corp
60,900‌
2,437‌
NEC
Networks
&
System
Integration
Corp
28,100‌
879‌
Nomura
Research
Institute
Ltd
106,200‌
2,242‌
S&T
AG
(
f)
141,348‌
3,240‌
Softcat
PLC
175,917‌
2,560‌
Sopra
Steria
Group
20,821‌
3,150‌
Teleperformance
11,919‌
2,824‌
$
43,146‌
Distribution
&
Wholesale
-
1.96%
Inchcape
PLC
675,772‌
5,690‌
Rexel
SA
581,727‌
7,101‌
Seven
Group
Holdings
Ltd
(
f)
435,526‌
5,646‌
$
18,437‌
Diversified
Financial
Services
-
4.21%
AerCap
Holdings
NV
(
d)
95,473‌
5,901‌
Aruhi
Corp
113,200‌
2,571‌
Burford
Capital
Ltd
282,637‌
3,014‌
Euronext
NV
(
e)
77,431‌
5,849‌
Man
Group
PLC/Jersey
1,937,848‌
3,799‌
Mebuki
Financial
Group
Inc
1,527,010‌
3,952‌
Mitsubishi
UFJ
Lease
&
Finance
Co
Ltd
788,900‌
5,074‌
SBI
Holdings
Inc/Japan
202,800‌
4,215‌
Zenkoku
Hosho
Co
Ltd
130,100‌
5,224‌
$
39,599‌
Electric
-
2.10%
Capital
Power
Corp
259,300‌
6,500‌
Chubu
Electric
Power
Co
Inc
130,600‌
1,821‌
Hera
SpA
1,341,583‌
5,916‌
Iren
SpA
1,784,225‌
5,531‌
$
19,768‌
Electrical
Components
&
Equipment
-
1.27%
Prysmian
SpA
229,609‌
5,228‌
Signify
NV
(
e)
223,672‌
6,672‌
$
11,900‌
Electronics
-
0.98%
Halma
PLC
91,348‌
2,486‌
Hitachi
High-Technologies
Corp
58,500‌
3,821‌
Mycronic
AB
175,778‌
2,900‌
$
9,207‌
Energy
-
Alternate
Sources
-
0.28%
Vestas
Wind
Systems
A/S
28,203‌
2,684‌
Engineering
&
Construction
-
3.68%
ACS
Actividades
de
Construccion
y
Servicios
SA
52,478‌
2,040‌
Downer
EDI
Ltd
1,117,248‌
6,341‌
Hazama
Ando
Corp
436,200‌
3,527‌
Kajima
Corp
417,500‌
5,510‌
KAWADA
TECHNOLOGIES
Inc
24,400‌
1,508‌
Kyowa
Exeo
Corp
267,800‌
6,976‌
Maeda
Corp
495,900‌
4,448‌
SPIE
SA
134,983‌
2,737‌
Yokogawa
Bridge
Holdings
Corp
84,600‌
1,475‌
$
34,562‌
Entertainment
-
3.25%
Cineworld
Group
PLC
1,818,325‌
4,882‌
Entertainment
One
Ltd
511,202‌
3,673‌
GVC
Holdings
PLC
589,749‌
6,493‌
Sega
Sammy
Holdings
Inc
370,300‌
5,348‌
Stars
Group
Inc/
The
(
d)
210,600‌
5,047‌
Tokyotokeiba
Co
Ltd
50,700‌
1,603‌
Schedule
of
Investments
International
Small
Company
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
114
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Entertainment
(continued)
William
Hill
PLC
1,531,716‌
$
3,539‌
$
30,585‌
Food
-
4.04%
AAK
AB
177,695‌
3,247‌
Empire
Co
Ltd
201,300‌
5,391‌
Greencore
Group
PLC
1,147,893‌
3,600‌
Morinaga
Milk
Industry
Co
Ltd
167,300‌
6,989‌
NH
Foods
Ltd
131,900‌
5,534‌
Nichirei
Corp
134,400‌
3,124‌
Sonae
SGPS
SA
2,648,584‌
2,659‌
SSP
Group
Plc
647,785‌
5,640‌
WH
Group
Ltd
(
e)
1,710,500‌
1,756‌
$
37,940‌
Food
Service
-
0.31%
Autogrill
SpA
276,181‌
2,951‌
Forest
Products
&
Paper
-
1.32%
Interfor
Corp
(
d)
244,300‌
2,897‌
Sumitomo
Forestry
Co
Ltd
450,900‌
6,524‌
UPM-
Kymmene
Oyj
88,994‌
2,973‌
$
12,394‌
Gas
-
0.70%
Rubis
SCA
116,240‌
6,622‌
Hand
&
Machine
Tools
-
0.23%
Rhi
Magnesita
NV
43,191‌
2,122‌
Healthcare
-
Products
-
0.95%
Carl
Zeiss
Meditec
AG
13,413‌
1,639‌
Elekta
AB
380,143‌
4,772‌
Sartorius
Stedim
Biotech
15,794‌
2,507‌
$
8,918‌
Healthcare
-
Services
-
2.04%
Evotec
SE
(
d),(f)
121,085‌
2,680‌
ICON
PLC
(
d)
37,046‌
6,045‌
Korian
SA
93,906‌
4,130‌
Orpea
51,415‌
6,362‌
$
19,217‌
Insurance
-
2.47%
ASR
Nederland
NV
225,291‌
8,374‌
Direct
Line
Insurance
Group
PLC
1,328,533‌
5,245‌
Phoenix
Group
Holdings
PLC
662,764‌
6,386‌
Swiss
Life
Holding
AG
6,467‌
3,207‌
$
23,212‌
Internet
-
0.79%
LAC
Co
Ltd
(
f)
72,300‌
762‌
Scout24
AG
(
e)
107,415‌
6,652‌
$
7,414‌
Lodging
-
0.69%
Melco
International
Development
Ltd
1,905,000‌
4,673‌
NagaCorp
Ltd
1,006,000‌
1,774‌
$
6,447‌
Machinery
-
Diversified
-
3.90%
ATS
Automation
Tooling
Systems
Inc
(
d)
181,200‌
2,683‌
Bucher
Industries
AG
18,431‌
5,909‌
Deutz
AG
365,464‌
2,185‌
Husqvarna
AB
679,268‌
5,304‌
Makino
Milling
Machine
Co
Ltd
94,500‌
4,669‌
Metso
OYJ
144,995‌
5,560‌
Okuma
Holdings
Inc
59,000‌
3,264‌
Sumitomo
Heavy
Industries
Ltd
98,500‌
2,819‌
Toromont
Industries
Ltd
82,604‌
4,285‌
$
36,678‌
Media
-
1.60%
Nine
Entertainment
Co
Holdings
Ltd
3,808,052‌
4,549‌
ProSiebenSat.1
Media
SE
424,420‌
6,357‌
Tokyo
Broadcasting
System
Holdings
Inc
256,800‌
4,110‌
$
15,016‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Mining
-
2.45%
Alacer
Gold
Corp
(
d)
194,900‌
$
1,048‌
Detour
Gold
Corp
(
d)
133,900‌
2,480‌
Hudbay
Minerals
Inc
558,327‌
1,820‌
Kirkland
Lake
Gold
Ltd
40,998‌
1,722‌
Lundin
Mining
Corp
1,056,500‌
5,719‌
Northern
Star
Resources
Ltd
342,914‌
2,227‌
Perenti
Global
Ltd
1,751,502‌
2,304‌
Saracen
Mineral
Holdings
Ltd
(
d)
2,435,115‌
5,075‌
SSR
Mining
Inc
(
d)
40,028‌
622‌
$
23,017‌
Miscellaneous
Manufacturers
-
0.38%
Vesuvius
PLC
608,112‌
3,567‌
Office
&
Business
Equipment
-
0.56%
Canon
Marketing
Japan
Inc
139,600‌
3,217‌
Sato
Holdings
Corp
65,400‌
2,021‌
$
5,238‌
Oil
&
Gas
-
2.93%
Aker
BP
ASA
74,972‌
2,148‌
Beach
Energy
Ltd
3,140,159‌
5,092‌
DCC
PLC
51,713‌
4,416‌
DNO
ASA
382,796‌
435‌
Enerplus
Corp
756,000‌
4,684‌
International
Petroleum
Corp/
Sweden
(
d),(f)
365,317‌
1,615‌
Parex
Resources
Inc
(
d)
328,267‌
4,856‌
Premier
Oil
PLC
(
d),(f)
2,917,838‌
3,280‌
TORC
Oil
&
Gas
Ltd
(
f)
360,200‌
1,001‌
$
27,527‌
Packaging
&
Containers
-
0.85%
DS
Smith
PLC
1,616,684‌
7,972‌
Pharmaceuticals
-
3.61%
Almirall
SA
106,854‌
1,816‌
Amplifon
SpA
221,300‌
6,475‌
Clinigen
Group
Plc
177,369‌
1,998‌
Hikma
Pharmaceuticals
PLC
248,500‌
6,150‌
Nippon
Shinyaku
Co
Ltd
61,700‌
5,575‌
Sawai
Pharmaceutical
Co
Ltd
116,800‌
6,898‌
Ship
Healthcare
Holdings
Inc
62,400‌
2,593‌
Towa
Pharmaceutical
Co
Ltd
93,100‌
2,395‌
$
33,900‌
Pipelines
-
0.60%
Keyera
Corp
137,600‌
3,357‌
Koninklijke
Vopak
NV
42,261‌
2,253‌
$
5,610‌
Private
Equity
-
1.01%
Intermediate
Capital
Group
PLC
369,436‌
7,304‌
Jafco
Co
Ltd
57,500‌
2,218‌
$
9,522‌
Real
Estate
-
4.08%
CA
Immobilien
Anlagen
AG
65,368‌
2,679‌
Castellum
AB
367,968‌
7,877‌
Entra
ASA
(
e)
139,522‌
2,118‌
Hysan
Development
Co
Ltd
755,000‌
2,846‌
IMMOFINANZ
AG
(
d)
104,587‌
2,829‌
LEG
Immobilien
AG
62,154‌
7,016‌
PSP
Swiss
Property
AG
55,214‌
7,183‌
UOL
Group
Ltd
1,019,300‌
5,784‌
$
38,332‌
REITs
-
8.52%
Allied
Properties
Real
Estate
Investment
Trust
117,959‌
4,742‌
alstria
office
REIT-AG
209,867‌
3,830‌
Canadian
Apartment
Properties
REIT
88,400‌
3,690‌
Charter
Hall
Group
803,983‌
5,869‌
Covivio
54,945‌
6,078‌
Frasers
Logistics
&
Industrial
Trust
2,737,500‌
2,503‌
H&R
Real
Estate
Investment
Trust
251,200‌
4,081‌
ICADE
51,546‌
5,161‌
Inmobiliaria
Colonial
Socimi
SA
262,833‌
3,312‌
Invincible
Investment
Corp
9,383‌
5,580‌
Schedule
of
Investments
International
Small
Company
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
115
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
(continued)
Japan
Hotel
REIT
Investment
Corp
6,966‌
$
5,709‌
Kenedix
Office
Investment
Corp
817‌
6,185‌
Kenedix
Residential
Next
Investment
Corp
2,043‌
3,971‌
Mapletree
Commercial
Trust
3,543,373‌
6,114‌
Mapletree
North
Asia
Commercial
Trust
2,220,900‌
1,916‌
MCUBS
MidCity
Investment
Corp
3,111‌
3,362‌
Merlin
Properties
Socimi
SA
429,796‌
6,133‌
Northview
Apartment
Real
Estate
Investment
Trust
82,700‌
1,890‌
$
80,126‌
Retail
-
5.88%
B&M
European
Value
Retail
SA
1,183,227‌
5,783‌
CECONOMY
AG
(
d)
481,717‌
2,313‌
Cosmos
Pharmaceutical
Corp
28,300‌
5,713‌
Grafton
Group
PLC
411,954‌
4,465‌
J
Front
Retailing
Co
Ltd
454,000‌
5,972‌
JD
Sports
Fashion
PLC
619,927‌
6,090‌
Komeri
Co
Ltd
116,300‌
2,488‌
Saizeriya
Co
Ltd
142,800‌
3,377‌
Seiko
Holdings
Corp
112,100‌
2,892‌
Super
Retail
Group
Ltd
488,919‌
3,315‌
Sushiro
Global
Holdings
Ltd
69,400‌
5,462‌
Tsuruha
Holdings
Inc
39,400‌
4,703‌
Valora
Holding
AG
(
d)
10,142‌
2,687‌
$
55,260‌
Semiconductors
-
0.75%
ASM
International
NV
63,581‌
7,067‌
Software
-
2.16%
CompuGroup
Medical
SE
25,554‌
1,747‌
Descartes
Systems
Group
Inc/
The
(
d)
83,500‌
3,585‌
Kinaxis
Inc
(
d)
41,100‌
3,274‌
NSD
Co
Ltd
56,800‌
1,852‌
Open
Text
Corp
(
f)
66,600‌
2,899‌
TIS
Inc
117,400‌
6,976‌
$
20,333‌
Telecommunications
-
1.73%
Bezeq
The
Israeli
Telecommunication
Corp
Ltd
(
d)
5,481,946‌
4,573‌
Proximus
SADP
190,335‌
5,741‌
Spark
New
Zealand
Ltd
2,039,973‌
5,947‌
$
16,261‌
Transportation
-
2.99%
ComfortDelGro
Corp
Ltd
2,728,700‌
4,692‌
Kamigumi
Co
Ltd
261,000‌
5,789‌
National
Express
Group
PLC
877,939‌
5,261‌
Sankyu
Inc
120,800‌
6,228‌
TFI
International
Inc
186,600‌
6,146‌
$
28,116‌
TOTAL
COMMON
STOCKS
$
922,110‌
Total
Investments
$
953,012‌
Other
Assets
and
Liabilities
-  (
1.37)%
(12,881‌)
TOTAL
NET
ASSETS
-
100.00%
$
940,131‌
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$13,932
or
1.48%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940)
or
an
affiliate
as
defined
by
the
Investment
Company
Act
of
1940
(controls
5.0%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
affiliated
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$32,149
or
3.42%
of
net
assets.
(f)
Security
or
a
portion
of
the
security
was
on
loan
at
the
end
of
the
period.
Portfolio
Summary  (
unaudited)
Location
Percent
Japan
26.07‌%
United
Kingdom
11.99‌%
Canada
10.53‌%
Germany
5.82‌%
France
5.55‌%
Australia
4.57‌%
Italy
4.37‌%
United
States
3.72‌%
Netherlands
3.47‌%
Sweden
3.30‌%
Switzerland
3.13‌%
Ireland
2.84‌%
Israel
2.50‌%
Singapore
2.24‌%
Spain
1.85‌%
Austria
1.53‌%
Denmark
1.32‌%
Hong
Kong
1.28‌%
Finland
0.91‌%
Belgium
0.87‌%
Portugal
0.84‌%
Isle
of
Man
0.69‌%
Jordan
0.66‌%
New
Zealand
0.63‌%
Norway
0.50‌%
Cambodia
0.19‌%
Other
Assets
and
Liabilities
(
1.37‌)%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
August
31,
2019
Purchases
Sales
November
30,
2019
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
1.52%
$
29,546‌
$
131,182‌
$
135,088‌
$
25,640‌
$
29,546‌
$
131,182‌
$
135,088‌
$
25,640‌
Income
Realized
Gain/Loss
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/Loss
Principal
Government
Money
Market
Fund
1.52%
$
66‌
$
—‌
$
—‌
$
—‌
$
66‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
Schedule
of
Investments
Opportunistic
Municipal
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
116
INVESTMENT
COMPANIES
-
0.06%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0.06%
SPDR
Nuveen
Bloomberg
Barclays
High
Yield
Municipal
Bond
ETF
1,040‌
$
62‌
VanEck
Vectors
Short
High-Yield
Municipal
Index
ETF
1,000‌
25‌
$
87‌
TOTAL
INVESTMENT
COMPANIES
$
87‌
MUNICIPAL
BONDS
-
104.09%
Principal
Amount
(000's)
Value
(000's)
Alabama
-
4.51%
Hoover
Industrial
Development
Board
5.75%,
10/01/2049
$
1,000‌
$
1,077‌
Lower
Alabama
Gas
District/The
5.00%,
09/01/2034
1,500‌
1,957‌
Tuscaloosa
County
Industrial
Development
Authority
4.50%,
05/01/2032
(a)
1,000‌
1,096‌
5.25%,
05/01/2044
(a)
2,000‌
2,299‌
$
6,429‌
Arizona
-
5.28%
Arizona
Industrial
Development
Authority
5.00%,
01/01/2049
(a)
1,000‌
1,070‌
7.25%,
01/01/2054
(a)
1,000‌
1,040‌
Navajo
Nation
5.50%,
12/01/2030
(a)
2,500‌
2,841‌
Salt
Verde
Financial
Corp
5.00%,
12/01/2032
2,000‌
2,575‌
$
7,526‌
Arkansas
-
0.74%
Arkansas
Development
Finance
Authority
4.50%,
09/01/2049
(a)
1,000‌
1,062‌
California
-
3.61%
Abag
Finance
Authority
for
Nonprofit
Corps
5.00%,
08/01/2043
500‌
557‌
California
Statewide
Communities
Development
Authority
5.25%,
12/01/2048
(a)
1,000‌
1,158‌
California
Statewide
Communities
Development
Authority
(credit
support
from
Ginnie
Mae
Collateral
)
4.90%,
07/20/2039
(b)
500‌
510‌
California
Statewide
Financing
Authority
6.00%,
05/01/2043
1,000‌
1,006‌
La
Verne
Public
Financing
Authority
7.25%,
09/01/2026
490‌
491‌
Oakland
Unified
School
District/Alameda
County
5.00%,
08/01/2035
1,225‌
1,434‌
$
5,156‌
Colorado
-
4.17%
Centerra
Metropolitan
District
No
1
5.00%,
12/01/2037
(a)
1,000‌
1,061‌
Eagle
County
Airport
Terminal
Corp
5.00%,
05/01/2037
1,000‌
1,165‌
Elbert
County
Independence
Water
&
Sanitation
District
7.25%,
12/01/2038
1,000‌
1,082‌
Prairie
Farm
Metropolitan
District
5.25%,
12/01/2048
1,000‌
1,043‌
Velocity
Metropolitan
District
No
3
5.50%,
12/01/2048
1,500‌
1,599‌
$
5,950‌
Connecticut
-
1.72%
Mohegan
Tribal
Finance
Authority
7.00%,
02/01/2045
(a)
2,400‌
2,454‌
District
of
Columbia
-
0.77%
District
of
Columbia
4.00%,
07/01/2039
1,000‌
1,092‌
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Florida
-
5.93%
Florida
Development
Finance
Corp
6.25%,
01/01/2049
(a),(c)
$
1,000‌
$
956‌
Greater
Orlando
Aviation
Authority
5.00%,
10/01/2047
(d)
2,999‌
3,508‌
Martin
County
Health
Facilities
Authority
4.00%,
01/01/2046
1,000‌
1,109‌
Ocean
Highway
&
Port
Authority
5.50%,
12/01/2049
(a)
1,500‌
1,528‌
Orange
County
Housing
Finance
Authority
7.00%,
10/01/2025
345‌
346‌
Village
Community
Development
District
No
13
3.38%,
05/01/2034
(a),(e)
1,000‌
1,012‌
$
8,459‌
Georgia
-
1.48%
Atlanta
Development
Authority
The
7.00%,
01/01/2040
2,000‌
2,108‌
Illinois
-
15.79%
Chicago
Board
of
Education
5.00%,
12/01/2030
3,250‌
3,836‌
City
of
Chicago
IL
5.50%,
01/01/2042
300‌
336‌
5.50%,
01/01/2049
1,000‌
1,180‌
6.00%,
01/01/2038
1,900‌
2,282‌
7.46%,
02/15/2026
1,807‌
1,366‌
City
of
Chicago
IL
Wastewater
Transmission
Revenue
5.00%,
01/01/2031
760‌
856‌
5.00%,
01/01/2039
1,200‌
1,330‌
Illinois
Finance
Authority
4.38%,
12/01/2042
300‌
147‌
Illinois
Sports
Facilities
Authority/The
5.00%,
06/15/2028
1,000‌
1,193‌
5.00%,
06/15/2029
1,000‌
1,206‌
Illinois
State
Toll
Highway
Authority
5.00%,
01/01/2040
(d)
5,000‌
5,760‌
Metropolitan
Pier
&
Exposition
Authority
5.00%,
06/15/2057
500‌
553‌
Metropolitan
Pier
&
Exposition
Authority
(credit
support
from
National
Public
Finance
Guarantee
Corp
)
5.50%,
06/15/2029
(b)
1,000‌
1,212‌
State
of
Illinois
5.50%,
07/01/2027
1,150‌
1,273‌
$
22,530‌
Indiana
-
3.74%
Indiana
Finance
Authority
1.18%,
11/01/2037
(c)
4,000‌
4,000‌
7.00%,
03/01/2039
(a)
1,000‌
1,009‌
Town
of
Shoals
IN
7.25%,
11/01/2043
300‌
332‌
$
5,341‌
Louisiana
-
3.61%
Louisiana
Local
Government
Environmental
Facilities
&
Community
Development
Auth
4.00%,
11/01/2044
(a)
1,000‌
1,010‌
Louisiana
Local
Government
Environmental
Facilities
&
Community
Development
Authority
4.40%,
11/01/2044
(a)
1,000‌
1,047‌
5.50%,
11/01/2039
(a)
900‌
969‌
5.65%,
11/01/2037
(a)
1,000‌
1,122‌
Louisiana
Public
Facilities
Authority
0.00%,
07/01/2039
(f)
278‌
—‌
Parish
of
St
John
the
Baptist
LA
2.20%,
06/01/2037
(c)
1,000‌
1,002‌
$
5,150‌
Maine
-
0.79%
Finance
Authority
of
Maine
5.25%,
01/01/2025
(a)
1,000‌
1,128‌
Schedule
of
Investments
Opportunistic
Municipal
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
117
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Maryland
-
0.75%
City
of
Westminster
MD
6.25%,
07/01/2044
$
600‌
$
668‌
Maryland
Economic
Development
Corp
5.38%,
06/01/2025
390‌
398‌
$
1,066‌
Michigan
-
3.18%
Kalamazoo
Economic
Development
Corp
5.00%,
05/15/2042
1,000‌
1,107‌
Michigan
Finance
Authority
5.00%,
07/01/2035
1,000‌
1,155‌
Michigan
Strategic
Fund
5.00%,
11/15/2043
1,000‌
1,124‌
5.00%,
11/15/2049
1,000‌
1,146‌
$
4,532‌
Missouri
-
1.95%
City
of
St
Louis
MO
Airport
Revenue
(credit
support
from
National
Public
Finance
Guarantee
Corp
)
5.50%,
07/01/2028
(b)
400‌
521‌
Health
&
Educational
Facilities
Authority
of
the
State
of
Missouri
5.00%,
02/01/2042
1,000‌
1,123‌
Kansas
City
Industrial
Development
Authority
5.00%,
04/01/2046
(a)
1,100‌
1,137‌
$
2,781‌
Montana
-
1.07%
City
of
Kalispell
MT
5.25%,
05/15/2037
1,400‌
1,521‌
Nevada
-
1.93%
Las
Vegas
Convention
&
Visitors
Authority
5.00%,
07/01/2043
(d)
1,394‌
1,664‌
State
of
Nevada
Department
of
Business
&
Industry
5.13%,
12/15/2037
(a)
1,000‌
1,083‌
$
2,747‌
New
Hampshire
-
0.70%
New
Hampshire
Business
Finance
Authority
2.95%,
04/01/2029
(a),(c)
1,000‌
996‌
New
Jersey
-
7.15%
Casino
Reinvestment
Development
Authority
Inc
5.25%,
11/01/2039
250‌
271‌
Essex
County
Improvement
Authority
5.25%,
07/01/2045
(a)
1,300‌
1,326‌
New
Jersey
Economic
Development
Authority
5.00%,
07/15/2028
500‌
580‌
5.00%,
06/15/2047
500‌
560‌
5.25%,
06/15/2040
1,000‌
1,131‌
5.63%,
11/15/2030
1,500‌
1,717‌
5.75%,
09/15/2027
500‌
549‌
New
Jersey
Transportation
Trust
Fund
Authority
5.25%,
06/15/2032
2,000‌
2,278‌
South
Jersey
Port
Corp
5.00%,
01/01/2048
1,000‌
1,145‌
South
Jersey
Transportation
Authority
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.00%,
11/01/2029
(b)
500‌
638‌
$
10,195‌
New
York
-
7.04%
Brooklyn
Arena
Local
Development
Corp
6.25%,
07/15/2040
480‌
483‌
Glen
Cove
Local
Economic
Assistance
Corp
5.00%,
01/01/2056
1,000‌
1,081‌
New
York
City
Transitional
Finance
Authority
Future
Tax
Secured
Revenue
1.18%,
08/01/2039
(c)
1,000‌
1,000‌
New
York
Counties
Tobacco
Trust
VI
5.00%,
06/01/2041
400‌
436‌
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
New
York
(continued)
New
York
State
Environmental
Facilities
Corp
0.00%,
12/01/2044
(a),(c),(f)
$
3,125‌
$
3,125‌
New
York
State
Thruway
Authority
5.25%,
01/01/2056
1,000‌
1,162‌
New
York
Transportation
Development
Corp
5.00%,
08/01/2021
1,500‌
1,577‌
5.00%,
01/01/2034
1,000‌
1,186‌
$
10,050‌
North
Carolina
-
0.92%
City
of
Charlotte
NC
5.00%,
06/01/2029
1,000‌
1,311‌
Ohio
-
6.59%
Buckeye
Tobacco
Settlement
Financing
Authority
5.75%,
06/01/2034
1,500‌
1,503‌
6.00%,
06/01/2042
2,500‌
2,514‌
Cleveland-Cuyahoga
County
Port
Authority
5.50%,
12/01/2043
1,000‌
1,160‌
Franklin
County
Convention
Facilities
Authority
5.00%,
12/01/2051
(e)
1,000‌
1,167‌
Ohio
Air
Quality
Development
Authority
0.00%,
12/01/2023
(f)
1,000‌
882‌
4.50%,
01/15/2048
(a)
1,000‌
1,080‌
5.00%,
07/01/2049
(a)
1,000‌
1,103‌
$
9,409‌
Oklahoma
-
1.63%
Oklahoma
Development
Finance
Authority
5.25%,
08/15/2043
1,000‌
1,193‌
Tulsa
County
Industrial
Authority
5.25%,
11/15/2045
1,000‌
1,131‌
$
2,324‌
Oregon
-
0.66%
Oregon
State
Business
Development
Commission
6.50%,
04/01/2031
(a)
1,000‌
941‌
Pennsylvania
-
5.77%
Allegheny
County
Industrial
Development
Authority
4.88%,
11/01/2024
500‌
518‌
5.13%,
05/01/2030
1,000‌
1,061‌
Commonwealth
Financing
Authority
5.00%,
06/01/2028
1,000‌
1,246‌
5.00%,
06/01/2035
1,000‌
1,209‌
Lancaster
County
Hospital
Authority/PA
5.00%,
07/01/2045
1,000‌
1,074‌
Pennsylvania
Economic
Development
Financing
Authority
3.25%,
08/01/2039
(a)
1,000‌
1,000‌
5.50%,
11/01/2044
1,000‌
1,065‌
5.75%,
06/01/2036
(a)
1,000‌
1,065‌
$
8,238‌
South
Carolina
-
0.38%
South
Carolina
Jobs-Economic
Development
Authority
5.25%,
11/15/2047
500‌
549‌
South
Dakota
-
0.35%
Oglala
Sioux
Tribe
5.75%,
10/01/2025
(a)
500‌
500‌
Tennessee
-
2.65%
Chattanooga
Health
Educational
&
Housing
Facility
Board
5.00%,
10/01/2028
1,050‌
1,209‌
5.00%,
10/01/2035
500‌
565‌
Metropolitan
Government
Nashville
&
Davidson
County
Health
&
Educational
Facilities
Board
5.00%,
07/01/2040
1,000‌
1,165‌
Schedule
of
Investments
Opportunistic
Municipal
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
118
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Tennessee
(continued)
Nashville
Metropolitan
Development
&
Housing
Agency
5.13%,
06/01/2036
(a)
$
750‌
$
839‌
$
3,778‌
Texas
-
3.86%
North
Texas
Tollway
Authority
5.00%,
01/01/2045
615‌
696‌
5.00%,
01/01/2048
500‌
585‌
Port
Beaumont
Navigation
District
7.25%,
02/01/2036
(a),(c)
1,000‌
1,007‌
Tarrant
County
Cultural
Education
Facilities
Finance
Corp
6.00%,
11/15/2027
1,000‌
1,148‌
Texas
Municipal
Gas
Acquisition
&
Supply
Corp
I
6.25%,
12/15/2026
1,000‌
1,163‌
Texas
Private
Activity
Bond
Surface
Transportation
Corp
6.88%,
12/31/2039
550‌
553‌
7.00%,
12/31/2038
300‌
351‌
$
5,503‌
Utah
-
1.02%
Utah
Infrastructure
Agency
5.25%,
10/15/2033
1,250‌
1,460‌
Vermont
-
1.03%
Vermont
Economic
Development
Authority
4.62%,
04/01/2036
(a),(c)
1,300‌
1,473‌
Washington
-
0.38%
Port
of
Seattle
Industrial
Development
Corp
5.00%,
04/01/2030
500‌
545‌
Wisconsin
-
2.94%
Public
Finance
Authority
5.00%,
12/01/2025
1,200‌
1,375‌
5.00%,
09/01/2049
(a)
1,000‌
1,098‌
5.25%,
04/01/2030
600‌
660‌
Wisconsin
Health
&
Educational
Facilities
Authority
5.50%,
07/01/2023
90‌
90‌
6.00%,
07/01/2028
170‌
170‌
6.50%,
07/01/2033
300‌
300‌
7.00%,
07/01/2043
500‌
500‌
$
4,193‌
TOTAL
MUNICIPAL
BONDS
$
148,497‌
Total
Investments
$
148,584‌
Liability
for
Floating
Rate
Notes
Issued
in
Conjunction
with
Securities
Held
-
(3.81)%
Notes
with
interest
rates
of
1.18%
-
1.30%
at
November
30,
2019
and
contractual
maturity
of
collateral
from
2024-2026.
(g)
$
(5,428‌)
(5,428‌)
Total
Net
Investments
$
143,156‌
Other
Assets
and
Liabilities
-  (0.34)%
(491‌)
TOTAL
NET
ASSETS
-
100.00%
$
142,665‌
(a)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$41,635
or
29.18%
of
net
assets.
(b)
Credit
support
indicates
investments
that
benefit
from
credit
enhancement
or
liquidity
support
provided
by
a
third
party
bank,
institution,
or
government
agency.
(c)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions.  These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(d)
Security
or
portion
of
underlying
security
related
to
Inverse
Floaters
entered
into
by
the
Fund.  See
Notes
to
Financial
Statements
for
additional
information.
(e)
Security
purchased
on
a
when-issued
basis.
(f)
Non-income
producing
security
(g)
Floating
rate
securities.
The
interest
rate(s)
shown
reflect
the
rates
in
effect
at
November
30,
2019.
Portfolio
Summary  (unaudited)
Sector
Percent
Revenue
Bonds
87.29‌%
General
Obligation
Unlimited
8.17‌%
Insured
2.02‌%
General
Obligation
Limited
1.85‌%
Prerefunded
1.41‌%
Tax
Allocation
1.33‌%
Certificate
Participation
0.96‌%
Special
Assessment
0.71‌%
Special
Tax
0.35‌%
Investment
Companies
0.06‌%
Liability
For
Floating
Rate
Notes
Issued
(3.81‌)%
Other
Assets
and
Liabilities
(0.34‌)%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Origin
Emerging
Markets
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
119
INVESTMENT
COMPANIES
-
1.38%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1.38%
BlackRock
Liquidity
FedFund
1.53%
(a),(b)
1,858,032‌
$
1,858‌
Principal
Government
Money
Market
Fund
1.52%
(a),(c)
13,811,030‌
13,811‌
$
15,669‌
TOTAL
INVESTMENT
COMPANIES
$
15,669‌
COMMON
STOCKS
-
96.84%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
0.83%
Bharat
Electronics
Ltd
6,518,000‌
9,358‌
Apparel
-
1.61%
F&F
Co
Ltd
62,000‌
5,812‌
Feng
TAY
Enterprise
Co
Ltd
1,140,700‌
7,140‌
Shenzhou
International
Group
Holdings
Ltd
398,200‌
5,249‌
$
18,201‌
Automobile
Manufacturers
-
0.50%
Kia
Motors
Corp
154,000‌
5,644‌
Automobile
Parts
&
Equipment
-
1.60%
Hyundai
Mobis
Co
Ltd
54,500‌
11,316‌
Weichai
Power
Co
Ltd
4,010,100‌
6,853‌
$
18,169‌
Banks
-
6.41%
Banco
do
Brasil
SA
989,400‌
11,136‌
China
Merchants
Bank
Co
Ltd
5,003,300‌
23,641‌
OTP
Bank
Nyrt
160,400‌
7,544‌
Sberbank
of
Russia
PJSC
ADR
1,620,800‌
23,722‌
Thanachart
Capital
PCL
3,534,600‌
6,520‌
$
72,563‌
Building
Materials
-
4.32%
Anhui
Conch
Cement
Co
Ltd
4,379,200‌
28,016‌
China
National
Building
Material
Co
Ltd
5,071,700‌
4,904‌
China
Resources
Cement
Holdings
Ltd
7,953,200‌
9,528‌
Taiwan
Cement
Corp
4,773,541‌
6,476‌
$
48,924‌
Chemicals
-
0.46%
Soulbrain
Co
Ltd
88,000‌
5,242‌
Commercial
Services
-
3.60%
China
Yuhua
Education
Corp
Ltd
(d)
9,877,569‌
6,080‌
Localiza
Rent
a
Car
SA
2,109,130‌
22,084‌
YDUQS
Part
1,295,400‌
12,618‌
$
40,782‌
Computers
-
4.64%
Infosys
Ltd
ADR
1,898,818‌
18,666‌
Lenovo
Group
Ltd
15,828,300‌
10,452‌
Tata
Consultancy
Services
Ltd
381,600‌
10,921‌
Wiwynn
Corp
376,000‌
6,812‌
WNS
Holdings
Ltd
ADR
(e)
89,800‌
5,668‌
$
52,519‌
Diversified
Financial
Services
-
4.64%
B3
SA
-
Brasil
Bolsa
Balcao
2,087,600‌
23,457‌
Chailease
Holding
Co
Ltd
3,108,478‌
13,891‌
E.Sun
Financial
Holding
Co
Ltd
8,015,051‌
7,105‌
Krungthai
Card
PCL
6,000,000‌
8,135‌
$
52,588‌
Electronics
-
3.43%
Elite
Material
Co
Ltd
1,479,000‌
5,914‌
Micro-Star
International
Co
Ltd
4,440,600‌
12,207‌
Radiant
Opto-Electronics
Corp
1,802,600‌
6,913‌
Tripod
Technology
Corp
1,475,000‌
6,118‌
Zhen
Ding
Technology
Holding
Ltd
1,731,600‌
7,627‌
$
38,779‌
Engineering
&
Construction
-
0.52%
Grupo
Aeroportuario
del
Centro
Norte
SAB
de
CV
880,600‌
5,860‌
Environmental
Control
-
0.66%
China
Conch
Venture
Holdings
Ltd
1,921,100‌
7,473‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Food
-
1.91%
Dino
Polska
SA
(d),(e)
207,500‌
$
7,153‌
JBS
SA
1,415,600‌
9,426‌
X5
Retail
Group
NV
153,000‌
5,074‌
$
21,653‌
Gas
-
5.26%
China
Gas
Holdings
Ltd
2,785,000‌
10,352‌
China
Resources
Gas
Group
Ltd
3,601,000‌
20,051‌
ENN
Energy
Holdings
Ltd
2,118,200‌
23,021‌
Indraprastha
Gas
Ltd
1,060,000‌
6,108‌
$
59,532‌
Healthcare
-
Products
-
0.53%
Shandong
Weigao
Group
Medical
Polymer
Co
Ltd
4,984,000‌
6,015‌
Insurance
-
7.67%
China
Pacific
Insurance
Group
Co
Ltd
3,977,000‌
14,065‌
PICC
Property
&
Casualty
Co
Ltd
9,550,000‌
11,050‌
Ping
An
Insurance
Group
Co
of
China
Ltd
4,219,000‌
47,908‌
Porto
Seguro
SA
420,300‌
5,849‌
Sul
America
SA
635,900‌
7,929‌
$
86,801‌
Internet
-
12.07%
Alibaba
Group
Holding
Ltd
ADR
(e)
336,000‌
67,200‌
JD.com
Inc
ADR
(e)
441,000‌
14,399‌
Tencent
Holdings
Ltd
910,305‌
38,410‌
Vipshop
Holdings
Ltd
ADR
(e)
1,302,000‌
16,640‌
$
136,649‌
Iron
&
Steel
-
0.62%
Kumba
Iron
Ore
Ltd
271,700‌
6,972‌
Lodging
-
0.58%
NagaCorp
Ltd
3,741,000‌
6,595‌
Mining
-
2.54%
MMC
Norilsk
Nickel
PJSC
ADR
868,746‌
22,831‌
Polymetal
International
PLC
395,000‌
5,955‌
$
28,786‌
Miscellaneous
Manufacturers
-
0.66%
Sunny
Optical
Technology
Group
Co
Ltd
458,000‌
7,498‌
Oil
&
Gas
-
4.18%
LUKOIL
PJSC
ADR
222,900‌
21,265‌
Novatek
PJSC
92,400‌
18,309‌
Tatneft
PJSC
ADR
111,600‌
7,699‌
$
47,273‌
Pharmaceuticals
-
1.84%
Sino
Biopharmaceutical
Ltd
11,768,700‌
15,185‌
YiChang
HEC
ChangJiang
Pharmaceutical
Co
Ltd
(d)
1,072,000‌
5,634‌
$
20,819‌
Real
Estate
-
2.27%
China
Vanke
Co
Ltd
2,552,500‌
9,553‌
Country
Garden
Services
Holdings
Co
Ltd
1,684,300‌
5,450‌
Longfor
Group
Holdings
Ltd
(d)
2,620,600‌
10,727‌
$
25,730‌
Retail
-
3.73%
ANTA
Sports
Products
Ltd
2,801,100‌
26,342‌
Lojas
Renner
SA
477,330‌
5,839‌
Wal-Mart
de
Mexico
SAB
de
CV
3,663,600‌
10,085‌
$
42,266‌
Semiconductors
-
12.40%
Novatek
Microelectronics
Corp
1,555,200‌
11,393‌
Realtek
Semiconductor
Corp
(e)
1,192,700‌
9,008‌
Samsung
Electronics
Co
Ltd
47,277‌
50,421‌
Taiwan
Semiconductor
Manufacturing
Co
Ltd
564,807‌
5,681‌
Taiwan
Semiconductor
Manufacturing
Co
Ltd
ADR
1,203,717‌
63,905‌
$
140,408‌
Schedule
of
Investments
Origin
Emerging
Markets
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
120
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
-
6.49%
HCL
Technologies
Ltd
1,394,900‌
$
21,918‌
Hexaware
Technologies
Ltd
1,050,000‌
4,966‌
Momo
Inc
ADR
235,200‌
8,804‌
NetEase
Inc
ADR
120,000‌
37,838‌
$
73,526‌
Telecommunications
-
0.87%
Accton
Technology
Corp
1,901,300‌
9,905‌
TOTAL
COMMON
STOCKS
$
1,096,530‌
PREFERRED
STOCKS
-
1.78%
Shares
Held
Value
(000's)
Airlines
-
1.04%
Azul
SA
0.00%
(e)
945,000‌
$
11,732‌
Banks
-
0.74%
Banco
Bradesco
SA
0.19%
1,059,400‌
8,363‌
TOTAL
PREFERRED
STOCKS
$
20,095‌
Total
Investments
$
1,132,294‌
Other
Assets
and
Liabilities
-  0.00%
(23‌)
TOTAL
NET
ASSETS
-
100.00%
$
1,132,271‌
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1,858
or
0.16%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940)
or
an
affiliate
as
defined
by
the
Investment
Company
Act
of
1940
(controls
5.0%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
affiliated
sub-schedule
for
transactional
information.
(d)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$29,594
or
2.61%
of
net
assets.
(e)
Non-income
producing
security
Portfolio
Summary  (unaudited)
Location
Percent
China
39.15‌%
Taiwan
15.90‌%
Brazil
10.45‌%
Russian
Federation
9.26‌%
Korea,
Republic
Of
6.92‌%
India
6.86‌%
Hong
Kong
4.87‌%
Mexico
1.41‌%
United
States
1.38‌%
Thailand
1.30‌%
Hungary
0.67‌%
Poland
0.63‌%
South
Africa
0.62‌%
Cambodia
0.58‌%
Other
Assets
and
Liabilities
0.00‌%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
August
31,
2019
Purchases
Sales
November
30,
2019
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
1.52%
$
40,635‌
$
143,208‌
$
170,032‌
$
13,811‌
$
40,635‌
$
143,208‌
$
170,032‌
$
13,811‌
Income
Realized
Gain/Loss
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/Loss
Principal
Government
Money
Market
Fund
1.52%
$
90‌
$
—‌
$
—‌
$
—‌
$
90‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
Schedule
of
Investments
Small-MidCap
Dividend
Income
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
121
INVESTMENT
COMPANIES
-
3.03%
Shares
Held
Value
(000's)
Money
Market
Funds
-
3.03%
BlackRock
Liquidity
FedFund
1.53
%
(a),(b)
11,298,777‌
$
11,299‌
Principal
Government
Money
Market
Fund
1.52
%
(a),(b),(c)
58,256,411‌
58,256‌
$
69,555‌
TOTAL
INVESTMENT
COMPANIES
$
69,555‌
COMMON
STOCKS
-
98.06%
Shares
Held
Value
(000's)
Agriculture
-
0.26%
Phibro
Animal
Health
Corp
251,677‌
6,106‌
Airlines
-
2.81%
Alaska
Air
Group
Inc
583,622‌
40,276‌
Hawaiian
Holdings
Inc
801,446‌
24,276‌
$
64,552‌
Automobile
Manufacturers
-
1.84%
NFI
Group
Inc
2,088,202‌
42,305‌
Automobile
Parts
&
Equipment
-
4.06%
Autoliv
Inc
645,286‌
52,732‌
Linamar
Corp
1,205,100‌
40,518‌
$
93,250‌
Banks
-
13.19%
Bank
OZK
1,839,460‌
54,595‌
BOK
Financial
Corp
268,851‌
22,406‌
Cathay
General
Bancorp
958,718‌
35,300‌
Cullen/Frost
Bankers
Inc
359,212‌
33,608‌
East
West
Bancorp
Inc
1,130,911‌
51,818‌
Hope
Bancorp
Inc
997,699‌
14,476‌
PacWest
Bancorp
1,585,871‌
59,058‌
Preferred
Bank/Los
Angeles
CA
7,557‌
417‌
ServisFirst
Bancshares
Inc
162,477‌
5,908‌
Washington
Trust
Bancorp
Inc
492,511‌
25,704‌
$
303,290‌
Chemicals
-
3.87%
HB
Fuller
Co
442,643‌
22,079‌
Huntsman
Corp
1,878,903‌
42,501‌
RPM
International
Inc
330,567‌
24,372‌
$
88,952‌
Computers
-
2.76%
Amdocs
Ltd
346,676‌
24,025‌
Leidos
Holdings
Inc
434,270‌
39,449‌
$
63,474‌
Consumer
Products
-
1.46%
Avery
Dennison
Corp
257,265‌
33,540‌
Cosmetics
&
Personal
Care
-
0.26%
Inter
Parfums
Inc
85,375‌
6,018‌
Diversified
Financial
Services
-
2.64%
BGC
Partners
Inc
8,538,958‌
49,526‌
Federal
Agricultural
Mortgage
Corp
134,036‌
11,132‌
$
60,658‌
Electric
-
4.62%
ALLETE
Inc
390,448‌
31,279‌
Alliant
Energy
Corp
759,608‌
40,259‌
IDACORP
Inc
62,992‌
6,617‌
PNM
Resources
Inc
221,144‌
10,714‌
Portland
General
Electric
Co
203,668‌
11,306‌
Unitil
Corp
97,707‌
5,964‌
$
106,139‌
Electrical
Components
&
Equipment
-
4.24%
Energizer
Holdings
Inc
(
d)
614,026‌
30,634‌
Hubbell
Inc
124,571‌
18,314‌
Littelfuse
Inc
267,885‌
48,597‌
$
97,545‌
Electronics
-
1.57%
Garmin
Ltd
105,404‌
10,297‌
nVent
Electric
PLC
1,046,012‌
25,847‌
$
36,144‌
Food
-
1.57%
Ingredion
Inc
432,970‌
36,010‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Gas
-
0.69%
ONE
Gas
Inc
73,821‌
$
6,560‌
Spire
Inc
119,990‌
9,290‌
$
15,850‌
Hand
&
Machine
Tools
-
4.16%
Lincoln
Electric
Holdings
Inc
291,854‌
26,927‌
MSA
Safety
Inc
308,143‌
38,188‌
Snap-on
Inc
189,987‌
30,485‌
$
95,600‌
Healthcare
-
Products
-
4.78%
Cantel
Medical
Corp
111,971‌
8,611‌
CONMED
Corp
216,632‌
24,538‌
LeMaitre
Vascular
Inc
176,598‌
6,282‌
STERIS
PLC
281,636‌
42,566‌
Teleflex
Inc
78,692‌
27,805‌
$
109,802‌
Home
Builders
-
1.50%
LCI
Industries
323,985‌
34,491‌
Insurance
-
6.48%
Assured
Guaranty
Ltd
916,918‌
45,525‌
Beazley
PLC
2,616,182‌
17,978‌
Fidelity
National
Financial
Inc
1,026,657‌
48,900‌
James
River
Group
Holdings
Ltd
921,958‌
36,472‌
$
148,875‌
Leisure
Products
&
Services
-
1.83%
Acushnet
Holdings
Corp
1,398,149‌
42,042‌
Machinery
-
Diversified
-
2.92%
Albany
International
Corp
214,712‌
17,967‌
Crane
Co
383,033‌
31,818‌
Nordson
Corp
104,629‌
17,351‌
$
67,136‌
Media
-
1.08%
John
Wiley
&
Sons
Inc
523,499‌
24,741‌
Miscellaneous
Manufacturers
-
0.64%
Donaldson
Co
Inc
158,543‌
8,891‌
EnPro
Industries
Inc
87,397‌
5,802‌
$
14,693‌
Oil
&
Gas
-
3.34%
Cimarex
Energy
Co
297,901‌
13,695‌
Delek
US
Holdings
Inc
1,051,500‌
36,077‌
Vermilion
Energy
Inc
(
d)
1,877,380‌
26,995‌
$
76,767‌
Packaging
&
Containers
-
1.29%
Packaging
Corp
of
America
265,485‌
29,708‌
Pipelines
-
1.87%
EnLink
Midstream
LLC
(
e)
1,651,813‌
7,846‌
Targa
Resources
Corp
961,347‌
35,118‌
$
42,964‌
Real
Estate
-
2.34%
Newmark
Group
Inc
4,117,207‌
53,730‌
REITs
-
12.33%
Agree
Realty
Corp
265,934‌
19,886‌
CyrusOne
Inc
886,673‌
55,240‌
EastGroup
Properties
Inc
122,975‌
16,748‌
EPR
Properties
540,900‌
38,361‌
Four
Corners
Property
Trust
Inc
613,267‌
17,368‌
Granite
Real
Estate
Investment
Trust
340,628‌
17,579‌
Medical
Properties
Trust
Inc
2,059,033‌
42,745‌
National
Health
Investors
Inc
255,067‌
20,658‌
National
Retail
Properties
Inc
421,306‌
23,484‌
STORE
Capital
Corp
769,274‌
31,317‌
$
283,386‌
Semiconductors
-
4.54%
Kulicke
&
Soffa
Industries
Inc
1,689,315‌
42,385‌
MKS
Instruments
Inc
583,095‌
61,971‌
$
104,356‌
Software
-
0.37%
Broadridge
Financial
Solutions
Inc
69,026‌
8,539‌
Schedule
of
Investments
Small-MidCap
Dividend
Income
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
122
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Supranational
Bank
-
1.22%
Banco
Latinoamericano
de
Comercio
Exterior
SA
1,305,514‌
$
28,160‌
Toys,
Games
&
Hobbies
-
1.53%
Hasbro
Inc
345,171‌
35,104‌
TOTAL
COMMON
STOCKS
$
2,253,927‌
Total
Investments
$
2,323,482‌
Other
Assets
and
Liabilities
-  (
1.09)%
(24,981‌)
TOTAL
NET
ASSETS
-
100.00%
$
2,298,501‌
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$29,649
or
1.29%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940)
or
an
affiliate
as
defined
by
the
Investment
Company
Act
of
1940
(controls
5.0%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
affiliated
sub-schedule
for
transactional
information.
(d)
Security
or
a
portion
of
the
security
was
on
loan
at
the
end
of
the
period.
(e)
Non-income
producing
security
Portfolio
Summary  (
unaudited)
Sector
Percent
Financial
36.98‌%
Industrial
14.82‌%
Consumer,
Cyclical
13.57‌%
Consumer,
Non-cyclical
8.33‌%
Technology
7.67‌%
Utilities
5.31‌%
Energy
5.21‌%
Basic
Materials
3.87‌%
Money
Market
Funds
3.03‌%
Government
1.22‌%
Communications
1.08‌%
Other
Assets
and
Liabilities
(
1.09‌)%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
August
31,
2019
Purchases
Sales
November
30,
2019
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
1.52%
$
43,288‌
$
214,540‌
$
199,572‌
$
58,256‌
$
43,288‌
$
214,540‌
$
199,572‌
$
58,256‌
Income
Realized
Gain/Loss
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/Loss
Principal
Government
Money
Market
Fund
1.52%
$
150‌
$
—‌
$
—‌
$
—‌
$
150‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
Schedule
of
Investments
Small-MidCap
Growth
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
123
INVESTMENT
COMPANIES
-
2.40%
Shares
Held
Value
(000's)
Money
Market
Funds
-
2.40%
BlackRock
Liquidity
FedFund
1.53
%
(a),(b)
30,325‌
$
3
0‌
Principal
Government
Money
Market
Fund
1.52
%
(a),(c)
95,398‌
95‌
$
12
5‌
TOTAL
INVESTMENT
COMPANIES
$
12
5‌
COMMON
STOCKS
-
98.46%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
2.84%
AAR
Corp
2,167‌
97‌
Kratos
Defense
&
Security
Solutions
Inc
(
d)
1,367‌
25‌
Mercury
Systems
Inc
(
d)
370‌
27‌
$
149‌
Apparel
-
0.91%
Crocs
Inc
(
d)
1,370‌
48‌
Banks
-
4.44%
Pinnacle
Financial
Partners
Inc
1,230‌
76‌
Signature
Bank/New
York
NY
220‌
27‌
SVB
Financial
Group
(
d)
562‌
130‌
$
233‌
Biotechnology
-
4.11%
CRISPR
Therapeutics
AG
(
d)
397‌
28‌
Exact
Sciences
Corp
(
d)
1,319‌
107‌
Mirati
Therapeutics
Inc
(
d)
220‌
22‌
Sage
Therapeutics
Inc
(
d)
381‌
59‌
$
216‌
Building
Materials
-
3.60%
Masco
Corp
2,455‌
114‌
Owens
Corning
1,110‌
75‌
$
189‌
Commercial
Services
-
5.14%
Chegg
Inc
(
d)
1,505‌
58‌
CoStar
Group
Inc
(
d)
133‌
82‌
FTI
Consulting
Inc
(
d)
241‌
26‌
TransUnion
1,202‌
104‌
$
270‌
Computers
-
1.96%
Rapid7
Inc
(
d)
1,840‌
103‌
Diversified
Financial
Services
-
0.80%
Hamilton
Lane
Inc
729‌
42‌
Electrical
Components
&
Equipment
-
0.44%
Universal
Display
Corp
120‌
23‌
Electronics
-
3.26%
Keysight
Technologies
Inc
(
d)
1,236‌
132‌
Napco
Security
Technologies
Inc
(
d)
1,246‌
39‌
$
171‌
Environmental
Control
-
3.62%
Clean
Harbors
Inc
(
d)
1,634‌
135‌
Tetra
Tech
Inc
623‌
55‌
$
190‌
Food
-
0.50%
Performance
Food
Group
Co
(
d)
563‌
26‌
Healthcare
-
Products
-
11.31%
CONMED
Corp
1,060‌
120‌
Haemonetics
Corp
(
d)
496‌
60‌
Inspire
Medical
Systems
Inc
(
d)
1,953‌
138‌
Insulet
Corp
(
d)
510‌
95‌
Penumbra
Inc
(
d)
294‌
52‌
Tandem
Diabetes
Care
Inc
(
d)
1,869‌
129‌
$
594‌
Healthcare
-
Services
-
4.00%
Amedisys
Inc
(
d)
418‌
68‌
LHC
Group
Inc
(
d)
440‌
59‌
Natera
Inc
(
d)
2,271‌
83‌
$
210‌
Internet
-
10.51%
Anaplan
Inc
(
d)
1,574‌
85‌
Chewy
Inc
(
d),(e)
1,226‌
30‌
NIC
Inc
1,838‌
42‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Internet
(continued)
Okta
Inc
(
d)
203‌
$
26‌
Q2
Holdings
Inc
(
d)
1,440‌
122‌
RingCentral
Inc
(
d)
1,128‌
194‌
Roku
Inc
(
d)
330‌
53‌
$
552‌
Mining
-
0.48%
Constellium
SE
(
d)
1,782‌
25‌
Office
&
Business
Equipment
-
1.31%
Zebra
Technologies
Corp
(
d)
275‌
69‌
Packaging
&
Containers
-
2.78%
Crown
Holdings
Inc
(
d)
1,925‌
146‌
Pharmaceuticals
-
7.49%
DexCom
Inc
(
d)
1,145‌
261‌
Horizon
Therapeutics
Plc
(
d)
2,838‌
93‌
Reata
Pharmaceuticals
Inc
(
d)
201‌
39‌
$
393‌
Retail
-
9.37%
Boot
Barn
Holdings
Inc
(
d)
910‌
36‌
Burlington
Stores
Inc
(
d)
571‌
129‌
CarMax
Inc
(
d)
1,170‌
114‌
Five
Below
Inc
(
d)
208‌
26‌
Floor
&
Decor
Holdings
Inc
(
d)
696‌
33‌
Freshpet
Inc
(
d)
610‌
33‌
Lululemon
Athletica
Inc
(
d)
250‌
56‌
Papa
John's
International
Inc
1,034‌
65‌
$
492‌
Semiconductors
-
6.17%
Ambarella
Inc
(
d)
1,427‌
78‌
Inphi
Corp
(
d)
893‌
62‌
Lattice
Semiconductor
Corp
(
d)
3,594‌
68‌
MKS
Instruments
Inc
214‌
23‌
ON
Semiconductor
Corp
(
d)
2,321‌
50‌
Teradyne
Inc
686‌
43‌
$
324‌
Software
-
9.24%
DocuSign
Inc
(
d)
354‌
25‌
Everbridge
Inc
(
d)
1,155‌
102‌
Five9
Inc
(
d)
1,609‌
110‌
Manhattan
Associates
Inc
(
d)
390‌
32‌
Nuance
Communications
Inc
(
d)
1,452‌
26‌
Paycom
Software
Inc
(
d)
108‌
30‌
Sea
Ltd
ADR
(d)
1,321‌
49‌
Tyler
Technologies
Inc
(
d)
299‌
87‌
Zynga
Inc
(
d)
3,868‌
24‌
$
485‌
Telecommunications
-
1.49%
Viavi
Solutions
Inc
(
d)
5,181‌
78‌
Transportation
-
2.69%
CryoPort
Inc
(
d)
1,586‌
25‌
Kansas
City
Southern
760‌
116‌
$
141‌
TOTAL
COMMON
STOCKS
$
5,169‌
Total
Investments
$
5,29
4‌
Other
Assets
and
Liabilities
-  (
0.86)%
(4
4‌
)
TOTAL
NET
ASSETS
-
100.00%
$
5,250‌
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$30
or
0.57%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940)
or
an
affiliate
as
defined
by
the
Investment
Company
Act
of
1940
(controls
5.0%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
affiliated
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
on
loan
at
the
end
of
the
period.
Schedule
of
Investments
Small-MidCap
Growth
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
124
Portfolio
Summary  (
unaudited)
Sector
Percent
Consumer,
Non-cyclical
32.55‌%
Industrial
19.23‌%
Technology
18.68‌%
Communications
12.00‌%
Consumer,
Cyclical
10.28‌%
Financial
5.24‌%
Money
Market
Funds
2.40‌%
Basic
Materials
0.48‌%
Other
Assets
and
Liabilities
(
0.86‌)%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
August
31,
2019
Purchases
Sales
November
30,
2019
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
1.52%
$
53‌
$
878‌
$
836‌
$
95‌
$
53‌
$
878‌
$
836‌
$
95‌
Income
Realized
Gain/Loss
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/Loss
Principal
Government
Money
Market
Fund
1.52%
$
—‌
$
—‌
$
—‌
$
—‌
$
—‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
125
INVESTMENT
COMPANIES
-
4.50%
Shares
Held
Value
(000's)
Money
Market
Funds
-
4.50%
BlackRock
Liquidity
FedFund
1.53%
(a),(b)
15,028,282‌
$
15,028‌
Principal
Government
Money
Market
Fund
1.52%
(a),(b),(c)
268,678,845‌
268,679‌
$
283,707‌
TOTAL
INVESTMENT
COMPANIES
$
283,707‌
CONVERTIBLE
PREFERRED
STOCKS
-
0.63%
Shares
Held
Value
(000's)
Banks
-
0.63%
Wells
Fargo
&
Co
7.50%
(d),(e)
27,052‌
$
39,496‌
TOTAL
CONVERTIBLE
PREFERRED
STOCKS
$
39,496‌
PREFERRED
STOCKS
-
17.03%
Shares
Held
Value
(000's)
Banks
-
4.57%
AgriBank
FCB
6.88%,
01/01/2024
(d)
61,700‌
6,602‌
3
Month
USD
LIBOR
+
4.23%
Associated
Banc-Corp
5.88%,
12/15/2023
(d),(e)
2,429‌
65‌
Bank
of
New
York
Mellon
Corp/The
5.20%,
03/20/2020
(d),(e)
127,674‌
3,276‌
BB&T
Corp
5.63%,
06/01/2021
(d)
141,800‌
3,712‌
Citigroup
Inc
6.88%,
11/15/2023
(d)
493,542‌
13,824‌
3
Month
USD
LIBOR
+
4.13%
Citizens
Financial
Group
Inc
6.35%,
04/06/2024
(d),(e)
15,567‌
429‌
3
Month
USD
LIBOR
+
3.64%
Cullen/Frost
Bankers
Inc
5.38%,
03/15/2020
(d),(e)
240,600‌
6,157‌
Goldman
Sachs
Group
Inc/The
5.50%,
05/10/2023
(d),(e)
774,944‌
20,397‌
3
Month
USD
LIBOR
+
3.64%
Huntington
Bancshares
Inc/OH
5.88%,
10/15/2021
(d)
325,787‌
8,558‌
Huntington
Bancshares
Inc/OH
6.25%,
04/15/2021
(d)
1,050,000‌
27,384‌
JPMorgan
Chase
&
Co
4.75%,
12/01/2024
(d)
280,000‌
7,067‌
KeyCorp
6.13%,
12/15/2026
(d)
778,000‌
22,290‌
3
Month
USD
LIBOR
+
3.89%
Morgan
Stanley
5.85%,
04/15/2027
(d),(e)
660,872‌
18,425‌
3
Month
USD
LIBOR
+
3.49%
Morgan
Stanley
7.13%,
10/15/2023
(d),(e)
126,282‌
3,676‌
3
Month
USD
LIBOR
+
4.32%
PNC
Financial
Services
Group
Inc/The
6.13%,
05/01/2022
(d)
1,726,752‌
46,553‌
3
Month
USD
LIBOR
+
4.07%
Regions
Financial
Corp
5.70%,
05/15/2029
(d),(e)
331,650‌
8,882‌
3
Month
USD
LIBOR
+
3.15%
State
Street
Corp
5.25%,
01/02/2020
(d)
1,379,698‌
34,561‌
State
Street
Corp
5.90%,
03/15/2024
(d)
241,300‌
6,484‌
3
Month
USD
LIBOR
+
3.11%
State
Street
Corp
6.00%,
12/15/2019
(d)
349,143‌
8,847‌
Synovus
Financial
Corp
5.88%,
07/01/2024
(d)
344,000‌
8,965‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.13%
US
Bancorp
6.50%,
01/15/2022
(d)
239,945‌
6,548‌
3
Month
USD
LIBOR
+
4.47%
Valley
National
Bancorp
6.25%,
06/30/2025
(d)
174,760‌
4,864‌
3
Month
USD
LIBOR
+
3.85%
Webster
Financial
Corp
5.25%,
12/15/2022
(d)
194,856‌
4,938‌
Wells
Fargo
&
Co
5.63%,
06/15/2022
(d)
195,171‌
5,094‌
Wells
Fargo
&
Co
5.85%,
09/15/2023
(d)
125,027‌
3,377‌
3
Month
USD
LIBOR
+
3.09%
Wells
Fargo
&
Co
6.63%,
03/15/2024
(d)
236,676‌
6,814‌
3
Month
USD
LIBOR
+
3.69%
$
287,789‌
Diversified
Financial
Services
-
0.39%
Affiliated
Managers
Group
Inc
5.88%,
03/30/2059
149,111‌
3,919‌
Capital
One
Financial
Corp
5.00%,
12/01/2024
(d)
272,500‌
6,772‌
Capital
One
Financial
Corp
6.00%,
03/01/2020
(d)
409,104‌
10,346‌
PREFERRED
STOCKS
(continued)
Shares
Held
Value
(000’s)
Diversified
Financial
Services
(continued)
Charles
Schwab
Corp/The
6.00%,
12/01/2020
(d)
143,663‌
$
3,712‌
$
24,749‌
Electric
-
2.84%
Alabama
Power
Co
5.00%,
10/01/2022
(d)
572,000‌
14,895‌
Algonquin
Power
&
Utilities
Corp
6.20%,
07/01/2079
490,152‌
13,528‌
3
Month
USD
LIBOR
+
4.01%
Algonquin
Power
&
Utilities
Corp
6.88%,
10/17/2078
(e)
1,930‌
53‌
3
Month
USD
LIBOR
+
3.68%
CMS
Energy
Corp
5.88%,
03/01/2079
(e)
248,000‌
6,560‌
Dominion
Energy
Inc
5.25%,
07/30/2076
(e)
898,171‌
22,876‌
DTE
Energy
Co
5.25%,
12/01/2062
312,400‌
7,826‌
DTE
Energy
Co
5.25%,
12/01/2077
320,602‌
8,259‌
DTE
Energy
Co
5.38%,
06/01/2076
(e)
13,111‌
334‌
Duke
Energy
Corp
5.13%,
01/15/2073
352,227‌
8,887‌
Duke
Energy
Corp
5.75%,
06/15/2024
(d),(e)
120,000‌
3,236‌
Entergy
Arkansas
LLC
4.90%,
12/01/2052
222,850‌
5,727‌
Entergy
Louisiana
LLC
4.70%,
06/01/2063
(e)
162,785‌
4,157‌
Entergy
Louisiana
LLC
4.88%,
09/01/2066
24,691‌
630‌
Entergy
Louisiana
LLC
5.25%,
07/01/2052
223,866‌
5,686‌
Entergy
Texas
Inc
5.38%,
10/15/2024
(d)
30,000‌
783‌
Entergy
Texas
Inc
5.63%,
06/01/2064
(e)
2,414‌
67‌
Georgia
Power
Co
5.00%,
10/01/2077
265,538‌
6,715‌
Integrys
Holding
Inc
6.00%,
08/01/2073
81,343‌
2,221‌
3
Month
USD
LIBOR
+
3.22%
Interstate
Power
&
Light
Co
5.10%,
01/02/2020
(d)
493,973‌
12,547‌
National
Rural
Utilities
Cooperative
Finance
Corp
5.50%,
05/15/2064
227,600‌
6,034‌
NextEra
Energy
Capital
Holdings
Inc
5.00%,
01/15/2073
486,015‌
12,165‌
NextEra
Energy
Capital
Holdings
Inc
5.13%,
11/15/2072
(e)
659,974‌
16,532‌
NextEra
Energy
Capital
Holdings
Inc
5.65%,
03/01/2079
100,000‌
2,652‌
Southern
Co/The
5.25%,
10/01/2076
(e)
100,961‌
2,578‌
Southern
Co/The
5.25%,
12/01/2077
(e)
555,000‌
14,219‌
$
179,167‌
Food
-
0.39%
Dairy
Farmers
of
America
Inc
7.88%,
01/02/2020
(d),(f)
16,000‌
1,576‌
Dairy
Farmers
of
America
Inc
7.88%,
12/01/2025
(d),(f)
236,300‌
23,271‌
$
24,847‌
Gas
-
0.02%
Entergy
New
Orleans
LLC
5.00%,
12/01/2052
3,299‌
83‌
Entergy
New
Orleans
LLC
5.50%,
04/01/2066
46,851‌
1,220‌
$
1,303‌
Hand
&
Machine
Tools
-
0.43%
Stanley
Black
&
Decker
Inc
5.75%,
07/25/2052
(e)
1,067,776‌
27,025‌
Insurance
-
2.38%
Allstate
Corp/The
4.75%,
01/15/2025
(d)
170,000‌
4,267‌
Allstate
Corp/The
5.10%,
01/15/2053
(e)
540,300‌
14,188‌
3
Month
USD
LIBOR
+
3.17%
American
Financial
Group
Inc/OH
5.88%,
03/30/2059
(e)
101,300‌
2,720‌
American
Financial
Group
Inc/OH
6.25%,
09/30/2054
(e)
249,015‌
6,300‌
Arch
Capital
Group
Ltd
5.25%,
09/29/2021
(d),(e)
285,500‌
7,152‌
Arch
Capital
Group
Ltd
5.45%,
08/17/2022
(d),(e)
54,104‌
1,383‌
AXA
Equitable
Holdings
Inc
5.25%,
12/15/2024
(d)
475,000‌
11,856‌
Axis
Capital
Holdings
Ltd
5.50%,
11/07/2021
(d),(e)
21,417‌
542‌
Axis
Capital
Holdings
Ltd
5.50%,
01/02/2020
(d),(e)
154,159‌
3,865‌
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
126
PREFERRED
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
(continued)
Hartford
Financial
Services
Group
Inc/The
7.88%,
04/15/2042
1,048,434‌
$
29,713‌
3
Month
USD
LIBOR
+
5.60%
Prudential
PLC
6.75%,
01/02/2020
(d)
18,931‌
507‌
Reinsurance
Group
of
America
Inc
6.20%,
09/15/2042
581,128‌
15,824‌
3
Month
USD
LIBOR
+
4.37%
RenaissanceRe
Holdings
Ltd
5.38%,
01/02/2020
(d)
550,975‌
13,813‌
RenaissanceRe
Holdings
Ltd
5.75%,
06/30/2023
(d),(e)
31,987‌
843‌
RenaissanceRe
Holdings
Ltd
6.08%,
01/02/2020
(d)
142,704‌
3,700‌
Voya
Financial
Inc
5.35%,
09/15/2029
(d),(e)
76,389‌
2,043‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.21%
WR
Berkley
Corp
5.63%,
04/30/2053
1,163,234‌
29,372‌
WR
Berkley
Corp
5.70%,
03/30/2058
(e)
3,100‌
83‌
WR
Berkley
Corp
5.75%,
06/01/2056
65,882‌
1,685‌
$
149,856‌
REITs
-
2.34%
Boston
Properties
Inc
5.25%,
01/02/2020
(d)
6,208‌
156‌
Digital
Realty
Trust
Inc
5.85%,
03/13/2024
(d)
4,771‌
127‌
Digital
Realty
Trust
Inc
5.88%,
01/02/2020
(d)
91,183‌
2,307‌
Digital
Realty
Trust
Inc
6.35%,
08/24/2020
(d)
205,498‌
5,302‌
Federal
Realty
Investment
Trust
5.00%,
09/29/2022
(d),(e)
50,149‌
1,285‌
Kimco
Realty
Corp
5.25%,
12/20/2022
(d),(e)
399,847‌
10,264‌
Kimco
Realty
Corp
5.50%,
12/31/2019
(d)
591,922‌
14,940‌
National
Retail
Properties
Inc
5.20%,
10/11/2021
(d)
121,247‌
3,062‌
Prologis
Inc
8.54%,
11/13/2026
(d)
167,700‌
12,074‌
PS
Business
Parks
Inc
5.20%,
12/07/2022
(d)
3,332‌
84‌
PS
Business
Parks
Inc
5.25%,
09/21/2022
(d)
57,755‌
1,468‌
PS
Business
Parks
Inc
5.70%,
12/30/2019
(d)
347,800‌
8,806‌
PS
Business
Parks
Inc
5.75%,
12/30/2019
(d)
501,104‌
12,668‌
Public
Storage
4.90%,
10/14/2021
(d)
6,561‌
165‌
Public
Storage
4.95%,
07/20/2021
(d)
89‌
2‌
Public
Storage
5.05%,
08/09/2022
(d)
177,565‌
4,524‌
Public
Storage
5.15%,
06/02/2022
(d)
2,000‌
52‌
Public
Storage
5.20%,
01/02/2020
(d)
70,427‌
1,774‌
Public
Storage
5.38%,
01/02/2020
(d)
3,000‌
76‌
Public
Storage
5.60%,
03/11/2024
(d),(e)
314,806‌
8,500‌
Public
Storage
5.88%,
12/30/2019
(d)
237,401‌
6,006‌
Senior
Housing
Properties
Trust
5.63%,
08/01/2042
(e)
110,082‌
2,655‌
Senior
Housing
Properties
Trust
6.25%,
02/01/2046
139,198‌
3,547‌
SITE
Centers
Corp
6.25%,
01/02/2020
(d)
18,240‌
466‌
SITE
Centers
Corp
6.38%,
06/05/2022
(d)
449,845‌
11,943‌
Vornado
Realty
Trust
5.25%,
12/13/2022
(d),(e)
383,022‌
9,821‌
Vornado
Realty
Trust
5.40%,
01/02/2020
(d)
188,362‌
4,749‌
Vornado
Realty
Trust
5.70%,
01/02/2020
(d)
819,879‌
20,792‌
$
147,615‌
Savings
&
Loans
-
0.07%
New
York
Community
Bancorp
Inc
6.38%,
03/17/2027
(d),(e)
14,862‌
401‌
3
Month
USD
LIBOR
+
3.82%
People's
United
Financial
Inc
5.63%,
12/15/2026
(d)
94,067‌
2,514‌
3
Month
USD
LIBOR
+
4.02%
Sterling
Bancorp/DE
6.50%,
10/15/2022
(d),(e)
43,097‌
1,142‌
$
4,057‌
Sovereign
-
1.10%
CoBank
ACB
6.13%,
04/01/2020
(d)
8,000‌
808‌
CoBank
ACB
6.20%,
01/01/2025
(d)
65,000‌
7,118‌
3
Month
USD
LIBOR
+
3.74%
CoBank
ACB
6.25%,
10/01/2022
(d)
296,500‌
31,651‌
3
Month
USD
LIBOR
+
4.56%
PREFERRED
STOCKS
(continued)
Shares
Held
Value
(000’s)
Sovereign
(continued)
Farm
Credit
Bank
of
Texas
6.75%,
09/15/2023
(d),(f)
270,500‌
$
28,673‌
3
Month
USD
LIBOR
+
4.01%
Farm
Credit
Bank
of
Texas  10.00%
10.00%,
06/15/2020
(d)
1,250‌
1,350‌
$
69,600‌
Telecommunications
-
2.50%
Centaur
Funding
Corp
0.00%,
04/21/2020
(c),(f),(g)
96,166‌
98,090‌
Centaur
Funding
Corp
0.00%,
04/21/2020
(f),(g)
26,500‌
26,235‌
Telephone
&
Data
Systems
Inc
6.63%,
03/31/2045
134,872‌
3,706‌
Telephone
&
Data
Systems
Inc
7.00%,
03/15/2060
1,078,770‌
27,627‌
United
States
Cellular
Corp
6.95%,
05/15/2060
61,506‌
1,570‌
$
157,228‌
TOTAL
PREFERRED
STOCKS
$
1,073,236‌
BONDS
-
77.30%
Principal
Amount
(000's)
Value
(000's)
Automobile
Manufacturers
-
0.20%
General
Motors
Financial
Co
Inc
5.75%,
12/31/2049
(d),(h)
$
12,700‌
$
12,509‌
3
Month
USD
LIBOR
+
3.60%
Banks
-
45.00%
Australia
&
New
Zealand
Banking
Group
Ltd/
United
Kingdom
6.75%,
12/31/2049
(d),(f),(h)
5,000‌
5,669‌
USD
Swap
Rate
NY
5
Year
+
5.17%
6.75%,
12/31/2049
(d),(h)
2,700‌
3,061‌
USD
Swap
Rate
NY
5
Year
+
5.17%
Banco
Bilbao
Vizcaya
Argentaria
SA
6.50%,
12/31/2049
(d),(h)
20,000‌
20,950‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.19%
Banco
Santander
SA
7.50%,
12/31/2049
(d),(h)
22,400‌
24,416‌
USD
Swap
Semi-Annual
5
Year
+
4.99%
Bank
of
America
Corp
6.10%,
12/31/2049
(d),(h)
5,000‌
5,568‌
3
Month
USD
LIBOR
+
3.90%
6.25%,
12/31/2049
(d),(h)
30,599‌
34,112‌
3
Month
USD
LIBOR
+
3.71%
6.30%,
12/31/2049
(d),(h)
46,830‌
53,620‌
3
Month
USD
LIBOR
+
4.55%
6.50%,
12/31/2049
(d),(h)
97,785‌
110,742‌
3
Month
USD
LIBOR
+
4.17%
8.05%,
06/15/2027
6,312‌
8,062‌
Bank
of
New
York
Mellon
Corp/The
4.62%,
12/31/2049
(d),(h)
33,927‌
35,454‌
3
Month
USD
LIBOR
+
3.13%
4.95%,
12/31/2049
(d),(h)
78,000‌
78,877‌
3
Month
USD
LIBOR
+
3.42%
Barclays
Bank
PLC
6.86%,
12/31/2049
(d),(h)
517‌
621‌
6
Month
USD
LIBOR
+
1.73%
7.63%,
11/21/2022
8,000‌
8,972‌
Barclays
PLC
7.75%,
12/31/2049
(d),(h)
39,200‌
42,336‌
USD
Swap
Semi-Annual
5
Year
+
4.84%
7.88%,
12/31/2049
(d),(h)
30,065‌
32,207‌
USD
Swap
Semi-Annual
5
Year
+
6.77%
8.00%,
12/31/2049
(d),(h)
40,500‌
44,752‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.67%
BB&T
Corp
4.80%,
12/31/2049
(d),(h)
95,900‌
97,818‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.00%
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
127
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
BNP
Paribas
SA
6.63%,
12/31/2049
(d),(f),(h)
$
39,300‌
$
42,149‌
USD
Swap
Semi-Annual
5
Year
+
4.15%
7.00%,
12/31/2049
(d),(f),(h)
2,500‌
2,873‌
USD
Swap
Semi-Annual
5
Year
+
3.98%
7.19%,
06/29/2049
(d),(h)
800‌
888‌
3
Month
USD
LIBOR
+
1.29%
7.20%,
06/29/2049
(d),(f),(h)
5,800‌
6,438‌
3
Month
USD
LIBOR
+
1.29%
7.37%,
12/31/2049
(d),(f),(h)
100‌
114‌
USD
Swap
Semi-Annual
5
Year
+
5.15%
7.37%,
12/31/2049
(d),(h)
13,000‌
14,853‌
USD
Swap
Semi-Annual
5
Year
+
5.15%
7.63%,
12/31/2049
(d),(f),(h)
58,198‌
61,399‌
USD
Swap
Semi-Annual
5
Year
+
6.31%
7.63%,
12/31/2049
(d),(h)
27,100‌
28,591‌
USD
Swap
Semi-Annual
5
Year
+
6.31%
Citigroup
Capital
III
7.63%,
12/01/2036
2,700‌
3,811‌
Citigroup
Inc
5.90%,
12/29/2049
(d),(h)
6,133‌
6,493‌
3
Month
USD
LIBOR
+
4.23%
5.95%,
12/29/2049
(d),(h)
24,100‌
25,553‌
3
Month
USD
LIBOR
+
4.07%
5.95%,
12/31/2049
(d),(h)
14,770‌
16,077‌
3
Month
USD
LIBOR
+
3.91%
5.95%,
12/31/2049
(d),(h)
9,000‌
9,221‌
3
Month
USD
LIBOR
+
4.10%
6.13%,
12/31/2049
(d),(h)
47,300‌
48,790‌
3
Month
USD
LIBOR
+
4.48%
6.25%,
12/31/2049
(d),(h)
86,582‌
98,271‌
3
Month
USD
LIBOR
+
4.52%
Citizens
Financial
Group
Inc
5.50%,
12/31/2049
(d),(e),(h)
7,500‌
7,547‌
3
Month
USD
LIBOR
+
3.96%
6.00%,
12/31/2049
(d),(h)
7,000‌
7,367‌
3
Month
USD
LIBOR
+
3.00%
6.38%,
12/31/2049
(d),(h)
1,400‌
1,491‌
3
Month
USD
LIBOR
+
3.16%
Corestates
Capital
III
2.48%,
02/15/2027
(f)
6,721‌
6,318‌
3
Month
USD
LIBOR
+
0.57%
Credit
Agricole
SA
7.88%,
12/31/2049
(d),(f),(h)
29,540‌
33,491‌
USD
Swap
Semi-Annual
5
Year
+
4.90%
Credit
Suisse
AG
6.50%,
08/08/2023
(f)
23,254‌
25,870‌
6.50%,
08/08/2023
6,000‌
6,675‌
Credit
Suisse
Group
AG
6.25%,
12/31/2049
(d),(f),(h)
9,100‌
9,820‌
USD
Swap
Semi-Annual
5
Year
+
3.46%
6.25%,
12/31/2049
(d),(h)
1,475‌
1,592‌
USD
Swap
Semi-Annual
5
Year
+
3.46%
6.38%,
12/31/2049
(d),(f),(h)
14,200‌
15,194‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.82%
7.13%,
12/31/2049
(d),(h)
16,793‌
18,073‌
USD
Swap
Semi-Annual
5
Year
+
5.11%
7.50%,
12/31/2049
(d),(f),(h)
6,500‌
7,079‌
USD
Swap
Semi-Annual
5
Year
+
4.60%
7.50%,
12/31/2049
(d),(f),(h)
72,040‌
80,505‌
USD
Swap
Semi-Annual
5
Year
+
4.60%
7.50%,
12/31/2049
(d),(h)
3,000‌
3,352‌
USD
Swap
Semi-Annual
5
Year
+
4.60%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Danske
Bank
A/S
6.13%,
12/31/2049
(d),(h)
$
2,500‌
$
2,547‌
USD
Swap
Semi-Annual
7
Year
+
3.90%
7.00%,
12/31/2049
(d),(h)
19,645‌
20,803‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
7
Year
+
4.13%
Fifth
Third
Bancorp
5.10%,
12/31/2049
(d),(h)
1,403‌
1,444‌
3
Month
USD
LIBOR
+
3.03%
First
Maryland
Capital
I
3.00%,
01/15/2027
2,000‌
1,880‌
3
Month
USD
LIBOR
+
1.00%
First
Union
Capital
II
7.95%,
11/15/2029
3,700‌
5,045‌
Goldman
Sachs
Group
Inc/The
4.95%,
12/31/2049
(d),(h)
13,000‌
13,325‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.22%
5.38%,
12/31/2049
(d),(h)
11,300‌
11,413‌
3
Month
USD
LIBOR
+
3.92%
5.50%,
12/31/2049
(d),(e),(h)
13,750‌
14,605‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.62%
5.78%,
12/31/2049
(d)
29,081‌
29,299‌
3
Month
USD
LIBOR
+
3.88%
HSBC
Capital
Funding
Dollar
1
LP
10.18%,
12/29/2049
(d),(f),(h)
44,542‌
73,606‌
3
Month
USD
LIBOR
+
4.98%
10.18%,
12/29/2049
(d),(h)
23,182‌
38,308‌
3
Month
USD
LIBOR
+
4.98%
HSBC
Holdings
PLC
6.00%,
12/31/2049
(d),(h)
15,900‌
16,814‌
USD
Swap
Rate
NY
5
Year
+
3.75%
6.37%,
12/31/2049
(d),(h)
14,800‌
15,928‌
USD
Swap
Rate
NY
5
Year
+
4.37%
6.38%,
12/31/2049
(d),(h)
3,300‌
3,510‌
USD
Swap
Rate
NY
5
Year
+
3.71%
6.50%,
12/31/2049
(d),(h)
25,600‌
27,750‌
USD
Swap
Rate
NY
5
Year
+
3.61%
6.87%,
12/31/2049
(d),(h)
42,000‌
43,890‌
USD
Swap
Rate
NY
5
Year
+
5.51%
ING
Groep
NV
5.75%,
12/31/2049
(d),(h)
11,000‌
11,440‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.34%
6.50%,
12/31/2049
(d),(h)
35,300‌
37,771‌
USD
Swap
Semi-Annual
5
Year
+
4.45%
6.87%,
12/31/2049
(d),(h)
25,320‌
26,903‌
USD
Swap
Semi-Annual
5
Year
+
5.12%
JPMorgan
Chase
&
Co
5.30%,
12/31/2049
(d),(h)
16,218‌
16,437‌
3
Month
USD
LIBOR
+
3.80%
5.41%,
04/29/2049
(d)
24,199‌
24,273‌
3
Month
USD
LIBOR
+
3.47%
6.13%,
12/31/2049
(d),(h)
7,706‌
8,451‌
3
Month
USD
LIBOR
+
3.33%
6.75%,
12/31/2049
(d),(h)
143,515‌
161,634‌
3
Month
USD
LIBOR
+
3.78%
KeyCorp
5.00%,
12/31/2049
(d),(h)
20,101‌
21,405‌
3
Month
USD
LIBOR
+
3.61%
KeyCorp
Capital
III
7.75%,
07/15/2029
3,500‌
4,468‌
Lloyds
Bank
PLC
12.00%,
12/29/2049
(d),(f),(h)
39,250‌
47,567‌
3
Month
USD
LIBOR
+
11.76%
12.00%,
12/29/2049
(d),(h)
35,889‌
43,493‌
3
Month
USD
LIBOR
+
11.76%
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
128
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Lloyds
Banking
Group
PLC
6.41%,
01/29/2049
(d),(f),(h)
$
12,674‌
$
14,385‌
3
Month
USD
LIBOR
+
1.50%
6.66%,
01/29/2049
(d),(e),(f),(h)
48,685‌
56,353‌
3
Month
USD
LIBOR
+
1.27%
7.50%,
12/31/2049
(d),(h)
47,496‌
52,424‌
USD
Swap
Semi-Annual
5
Year
+
4.76%
7.50%,
12/31/2049
(d),(h)
22,500‌
25,031‌
USD
Swap
Semi-Annual
5
Year
+
4.50%
M&T
Bank
Corp
5.12%,
12/31/2049
(d),(h)
12,500‌
13,391‌
3
Month
USD
LIBOR
+
3.52%
6.45%,
12/31/2049
(d),(h)
6,615‌
7,227‌
3
Month
USD
LIBOR
+
3.61%
Morgan
Stanley
5.55%,
12/31/2049
(d),(h)
8,500‌
8,638‌
3
Month
USD
LIBOR
+
3.81%
Nordea
Bank
Abp
6.13%,
12/31/2049
(d),(f),(h)
42,131‌
44,580‌
USD
Swap
Semi-Annual
5
Year
+
3.39%
6.13%,
12/31/2049
(d),(h)
8,235‌
8,714‌
USD
Swap
Semi-Annual
5
Year
+
3.39%
6.63%,
12/31/2049
(d),(f),(h)
23,420‌
25,616‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.11%
Northern
Trust
Corp
4.60%,
12/31/2049
(d),(h)
4,400‌
4,521‌
3
Month
USD
LIBOR
+
3.20%
NTC
Capital
I
2.52%,
01/15/2027
5,500‌
5,170‌
3
Month
USD
LIBOR
+
0.52%
NTC
Capital
II
2.59%,
04/15/2027
6,500‌
6,110‌
3
Month
USD
LIBOR
+
0.59%
PNC
Financial
Services
Group
Inc/The
6.75%,
07/29/2049
(d),(h)
37,635‌
39,694‌
3
Month
USD
LIBOR
+
3.68%
RBS
Capital
Trust
II
6.43%,
12/29/2049
(d),(e),(h)
2,750‌
3,827‌
3
Month
USD
LIBOR
+
1.94%
Royal
Bank
of
Scotland
Group
PLC
4.42%,
03/29/2049
(d)
1,900‌
1,862‌
3
Month
USD
LIBOR
+
2.32%
7.50%,
12/31/2049
(d),(h)
46,281‌
47,438‌
USD
Swap
Semi-Annual
5
Year
+
5.80%
7.65%,
08/29/2049
(d),(h)
28,946‌
41,429‌
3
Month
USD
LIBOR
+
2.50%
8.00%,
12/31/2049
(d),(h)
7,825‌
8,950‌
USD
Swap
Semi-Annual
5
Year
+
5.72%
8.62%,
12/29/2049
(d),(h)
18,295‌
19,747‌
USD
Swap
Semi-Annual
5
Year
+
7.60%
Skandinaviska
Enskilda
Banken
AB
5.63%,
12/31/2049
(d),(h)
5,000‌
5,075‌
USD
Swap
Semi-Annual
5
Year
+
3.49%
5.75%,
12/31/2049
(d),(h)
8,100‌
8,151‌
USD
Swap
Semi-Annual
5
Year
+
3.85%
Societe
Generale
SA
7.37%,
12/31/2049
(d),(h)
11,800‌
12,476‌
USD
Swap
Semi-Annual
5
Year
+
6.24%
7.38%,
12/31/2049
(d),(f),(h)
13,900‌
15,081‌
USD
Swap
Semi-Annual
5
Year
+
4.30%
7.38%,
12/31/2049
(d),(f),(h)
25,326‌
26,777‌
USD
Swap
Semi-Annual
5
Year
+
6.24%
7.88%,
12/31/2049
(d),(e),(f),(h)
500‌
556‌
USD
Swap
Semi-Annual
5
Year
+
4.98%
7.88%,
12/31/2049
(d),(h)
14,000‌
15,575‌
USD
Swap
Semi-Annual
5
Year
+
4.98%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Societe
Generale
SA  
(continued)
8.00%,
12/31/2049
(d),(f),(h)
$
23,900‌
$
27,814‌
USD
Swap
Rate
NY
5
Year
+
5.87%
Standard
Chartered
PLC
7.01%,
07/29/2049
(d),(e),(f),(h)
41,500‌
48,993‌
3
Month
USD
LIBOR
+
1.46%
7.01%,
07/29/2049
(d),(h)
19,800‌
23,375‌
3
Month
USD
LIBOR
+
1.46%
7.50%,
12/31/2049
(d),(f),(h)
17,700‌
18,961‌
USD
Swap
Semi-Annual
5
Year
+
6.30%
7.50%,
12/31/2049
(d),(h)
10,500‌
11,248‌
USD
Swap
Semi-Annual
5
Year
+
6.30%
7.75%,
12/31/2049
(d),(f),(h)
11,000‌
12,072‌
USD
Swap
Semi-Annual
5
Year
+
5.72%
State
Street
Corp
5.25%,
12/31/2049
(d),(h)
4,000‌
4,090‌
3
Month
USD
LIBOR
+
3.60%
SunTrust
Banks
Inc
5.63%,
12/31/2049
(d),(h)
4,400‌
4,411‌
3
Month
USD
LIBOR
+
3.86%
SunTrust
Capital
I
2.58%,
05/15/2027
10,900‌
10,328‌
3
Month
USD
LIBOR
+
0.67%
Svenska
Handelsbanken
AB
5.25%,
12/31/2049
(d),(h)
29,400‌
29,768‌
USD
Swap
Semi-Annual
5
Year
+
3.34%
Swedbank
AB
6.00%,
12/31/2049
(d),(h)
5,200‌
5,362‌
USD
Swap
Semi-Annual
5
Year
+
4.11%
UBS
Group
AG
6.88%,
12/31/2049
(d),(h)
12,078‌
12,578‌
USD
Swap
Rate
NY
5
Year
+
5.50%
6.88%,
12/31/2049
(d),(h)
11,933‌
13,096‌
USD
Swap
Semi-Annual
5
Year
+
4.59%
7.00%,
12/31/2049
(d),(f),(h)
19,500‌
21,133‌
USD
Swap
Semi-Annual
5
Year
+
4.34%
7.00%,
12/31/2049
(d),(h)
10,800‌
11,705‌
USD
Swap
Semi-Annual
5
Year
+
4.34%
7.00%,
12/31/2049
(d),(h)
20,700‌
23,375‌
USD
Swap
Semi-Annual
5
Year
+
4.87%
7.13%,
12/31/2049
(d),(h)
1,757‌
1,770‌
USD
Swap
Semi-Annual
5
Year
+
5.46%
UniCredit
SpA
8.00%,
12/31/2049
(d),(h)
12,700‌
13,668‌
USD
Swap
Semi-Annual
5
Year
+
5.18%
US
Bancorp
5.12%,
12/31/2049
(d),(h)
21,400‌
22,023‌
3
Month
USD
LIBOR
+
3.49%
USB
Realty
Corp
3.15%,
12/29/2049
(d),(f)
1,500‌
1,296‌
3
Month
USD
LIBOR
+
1.15%
Wells
Fargo
&
Co
5.87%,
12/31/2049
(d),(h)
50,300‌
55,873‌
3
Month
USD
LIBOR
+
3.99%
5.89%,
12/31/2049
(d)
23,170‌
23,522‌
3
Month
USD
LIBOR
+
3.77%
$
2,836,400‌
Diversified
Financial
Services
-
1.31%
Capital
One
Financial
Corp
5.55%,
12/31/2049
(d),(h)
20,430‌
20,685‌
3
Month
USD
LIBOR
+
3.80%
Charles
Schwab
Corp/The
7.00%,
02/28/2049
(d),(h)
28,358‌
30,946‌
3
Month
USD
LIBOR
+
4.82%
Depository
Trust
&
Clearing
Corp/The
4.88%,
12/31/2049
(d),(f),(h)
31,000‌
31,233‌
3
Month
USD
LIBOR
+
3.17%
$
82,864‌
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
129
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
-
3.58%
Duke
Energy
Corp
4.88%,
12/31/2049
(d),(h)
$
26,500‌
$
27,759‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.39%
Emera
Inc
6.75%,
06/15/2076
(h)
53,095‌
59,732‌
3
Month
USD
LIBOR
+
5.44%
Enel
SpA
8.75%,
09/24/2073
(f),(h)
51,716‌
60,508‌
USD
Swap
Semi-Annual
5
Year
+
5.88%
National
Rural
Utilities
Cooperative
Finance
Corp
5.25%,
04/20/2046
(h)
22,969‌
24,724‌
3
Month
USD
LIBOR
+
3.63%
NextEra
Energy
Capital
Holdings
Inc
4.17%,
10/01/2066
23,474‌
20,522‌
3
Month
USD
LIBOR
+
2.07%
4.24%,
06/15/2067
8,920‌
7,926‌
3
Month
USD
LIBOR
+
2.13%
4.80%,
12/01/2077
(h)
2,300‌
2,343‌
3
Month
USD
LIBOR
+
2.41%
5.65%,
05/01/2079
(h)
800‌
885‌
3
Month
USD
LIBOR
+
3.16%
PPL
Capital
Funding
Inc
4.77%,
03/30/2067
15,700‌
14,642‌
3
Month
USD
LIBOR
+
2.67%
Southern
Co/The
5.50%,
03/15/2057
(h)
6,500‌
6,800‌
3
Month
USD
LIBOR
+
3.63%
$
225,841‌
Food
-
0.14%
Dairy
Farmers
of
America
Inc
7.13%,
12/31/2049
(d),(f)
8,700‌
8,569‌
Gas
-
0.29%
NiSource
Inc
5.65%,
12/31/2049
(d),(h)
17,900‌
18,303‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.84%
Insurance
-
21.87%
ACE
Capital
Trust
II
9.70%,
04/01/2030
14,970‌
22,530‌
AIG
Life
Holdings
Inc
8.50%,
07/01/2030
31,200‌
41,537‌
Allstate
Corp/The
5.75%,
08/15/2053
(h)
11,754‌
12,665‌
3
Month
USD
LIBOR
+
2.94%
6.50%,
05/15/2067
(h)
11,905‌
14,815‌
3
Month
USD
LIBOR
+
2.12%
American
International
Group
Inc
5.75%,
04/01/2048
(h)
41,000‌
44,995‌
3
Month
USD
LIBOR
+
2.87%
8.18%,
05/15/2068
(h)
22,300‌
30,388‌
3
Month
USD
LIBOR
+
4.20%
Aon
Corp
8.21%,
01/01/2027
4,750‌
6,104‌
Argentum
Netherlands
BV
for
Swiss
Re
Ltd
5.63%,
08/15/2052
(h)
54,000‌
59,694‌
3
Month
USD
LIBOR
+
3.78%
5.75%,
08/15/2050
(h)
34,400‌
37,684‌
3
Month
USD
LIBOR
+
3.59%
Argentum
Netherlands
BV
for
Zurich
Insurance
Co
Ltd
5.13%,
06/01/2048
(h)
6,290‌
6,912‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.27%
AXA
SA
6.38%,
12/29/2049
(d),(f),(h)
27,793‌
33,352‌
3
Month
USD
LIBOR
+
2.26%
8.60%,
12/15/2030
10,797‌
15,805‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Cloverie
PLC
for
Swiss
Re
Corporate
Solutions
Ltd
4.50%,
09/11/2044
(h)
$
20,000‌
$
20,875‌
USD
Swap
Semi-Annual
10
Year
+
2.91%
Cloverie
PLC
for
Zurich
Insurance
Co
Ltd
5.63%,
06/24/2046
(h)
5,000‌
5,613‌
3
Month
USD
LIBOR
+
4.92%
Dai-ichi
Life
Insurance
Co
Ltd/The
7.25%,
12/29/2049
(d),(f),(h)
13,250‌
14,222‌
3
Month
USD
LIBOR
+
4.56%
Everest
Reinsurance
Holdings
Inc
4.29%,
05/01/2067
(e)
27,820‌
26,359‌
3
Month
USD
LIBOR
+
2.39%
Great-West
Life
&
Annuity
Insurance
Capital
LP
6.63%,
11/15/2034
(f)
7,800‌
8,689‌
Hartford
Financial
Services
Group
Inc/The
4.03%,
02/12/2067
(f)
5,685‌
5,129‌
3
Month
USD
LIBOR
+
2.13%
Legal
&
General
Group
PLC
5.25%,
03/21/2047
(h)
52,754‌
56,473‌
USD
Swap
Semi-Annual
5
Year
+
3.69%
Liberty
Mutual
Group
Inc
7.80%,
03/07/2087
(f)
76,240‌
100,637‌
3
Month
USD
LIBOR
+
3.58%
Liberty
Mutual
Insurance
Co
7.70%,
10/15/2097
(f)
20,025‌
29,022‌
Lincoln
National
Corp
4.01%,
04/20/2067
60,769‌
50,134‌
3
Month
USD
LIBOR
+
2.04%
4.26%,
05/17/2066
9‌
8‌
3
Month
USD
LIBOR
+
2.36%
M&G
PLC
6.50%,
10/20/2048
(h)
16,188‌
18,758‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.41%
Meiji
Yasuda
Life
Insurance
Co
5.10%,
04/26/2048
(e),(f),(h)
13,800‌
15,711‌
USD
Swap
Rate
NY
5
Year
+
3.15%
5.20%,
10/20/2045
(f),(h)
14,545‌
16,147‌
USD
Swap
Semi-Annual
5
Year
+
4.23%
MetLife
Capital
Trust
IV
7.88%,
12/15/2067
(f)
24,540‌
32,754‌
MetLife
Inc
5.25%,
12/31/2049
(d),(h)
1,000‌
1,014‌
3
Month
USD
LIBOR
+
3.58%
6.40%,
12/15/2066
20,770‌
25,439‌
3
Month
USD
LIBOR
+
2.21%
9.25%,
04/08/2068
(f)
49,075‌
72,140‌
3
Month
USD
LIBOR
+
5.54%
10.75%,
08/01/2069
50,223‌
83,119‌
Mitsui
Sumitomo
Insurance
Co
Ltd
4.95%,
12/31/2049
(d),(f),(h)
6,800‌
7,582‌
USD
Swap
Semi-Annual
5
Year
+
3.26%
4.95%,
12/31/2049
(d),(h)
520‌
580‌
USD
Swap
Semi-Annual
5
Year
+
3.26%
7.00%,
03/15/2072
(f),(h)
10,700‌
11,703‌
3
Month
USD
LIBOR
+
5.90%
MMI
Capital
Trust
I
7.63%,
12/15/2027
1,073‌
1,339‌
Nationwide
Financial
Services
Inc
6.75%,
05/15/2087
79,015‌
91,855‌
Nippon
Life
Insurance
Co
4.70%,
01/20/2046
(f),(h)
5,000‌
5,450‌
USD
Swap
Rate
NY
5
Year
+
3.75%
5.10%,
10/16/2044
(f),(h)
27,300‌
29,962‌
USD
Swap
Rate
NY
5
Year
+
3.65%
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
130
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Progressive
Corp/The
5.38%,
12/31/2049
(d),(h)
$
4,750‌
$
4,940‌
3
Month
USD
LIBOR
+
2.54%
Prudential
Financial
Inc
5.63%,
06/15/2043
(h)
79,130‌
85,690‌
3
Month
USD
LIBOR
+
3.92%
5.88%,
09/15/2042
(h)
39,423‌
42,528‌
3
Month
USD
LIBOR
+
4.18%
QBE
Insurance
Group
Ltd
5.88%,
06/17/2046
(h)
3,100‌
3,352‌
USD
Swap
Rate
NY
10
Year
+
4.40%
Reinsurance
Group
of
America
Inc
4.78%,
12/15/2065
11,423‌
10,681‌
3
Month
USD
LIBOR
+
2.67%
Sompo
Japan
Nipponkoa
Insurance
Inc
5.33%,
03/28/2073
(f),(h)
60,300‌
64,822‌
3
Month
USD
LIBOR
+
4.27%
Sumitomo
Life
Insurance
Co
6.50%,
09/20/2073
(f),(h)
15,500‌
17,515‌
3
Month
USD
LIBOR
+
4.44%
Voya
Financial
Inc
5.65%,
05/15/2053
(h)
77,926‌
81,975‌
3
Month
USD
LIBOR
+
3.58%
6.13%,
12/31/2049
(d),(e),(h)
9,250‌
9,851‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.36%
$
1,378,549‌
Mining
-
0.48%
BHP
Billiton
Finance
USA
Ltd
6.75%,
10/19/2075
(f),(h)
25,842‌
30,275‌
USD
Swap
Semi-Annual
5
Year
+
5.09%
Pipelines
-
2.99%
Enbridge
Inc
6.00%,
01/15/2077
(h)
20,024‌
21,050‌
3
Month
USD
LIBOR
+
3.89%
6.25%,
03/01/2078
(h)
39,048‌
41,879‌
3
Month
USD
LIBOR
+
3.64%
Enterprise
Products
Operating
LLC
5.25%,
08/16/2077
(h)
40,800‌
41,004‌
3
Month
USD
LIBOR
+
3.03%
5.38%,
02/15/2078
(h)
5,000‌
4,912‌
3
Month
USD
LIBOR
+
2.57%
Transcanada
Trust
5.50%,
09/15/2079
(h)
39,340‌
41,209‌
3
Month
USD
LIBOR
+
4.15%
5.63%,
05/20/2075
(h)
6,000‌
6,267‌
3
Month
USD
LIBOR
+
3.53%
5.87%,
08/15/2076
(h)
30,122‌
32,270‌
3
Month
USD
LIBOR
+
4.64%
$
188,591‌
Sovereign
-
0.34%
CoBank
ACB
6.25%,
12/31/2049
(d),(h)
16,400‌
17,958‌
3
Month
USD
LIBOR
+
4.66%
Farm
Credit
Bank
of
Texas
6.20%,
12/31/2049
(d),(f),(h)
3,000‌
3,149‌
3
Month
USD
LIBOR
+
3.22%
$
21,107‌
Telecommunications
-
0.47%
Koninklijke
KPN
NV
7.00%,
03/28/2073
(e),(f),(h)
13,126‌
14,340‌
USD
Swap
Semi-Annual
10
Year
+
5.21%
7.00%,
03/28/2073
(h)
8,000‌
8,740‌
USD
Swap
Semi-Annual
10
Year
+
5.21%
Vodafone
Group
PLC
7.00%,
04/04/2079
(h)
5,900‌
6,831‌
USD
Swap
Semi-Annual
5
Year
+
4.87%
$
29,911‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Transportation
-
0.63%
BNSF
Funding
Trust
I
6.61%,
12/15/2055
(h)
$
35,709‌
$
39,905‌
3
Month
USD
LIBOR
+
2.35%
TOTAL
BONDS
$
4,872,824‌
Total
Investments
$
6,269,263‌
Other
Assets
and
Liabilities
-  0.54%
34,231‌
TOTAL
NET
ASSETS
-
100.00%
$
6,303,494‌
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$39,268
or
0.62%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940)
or
an
affiliate
as
defined
by
the
Investment
Company
Act
of
1940
(controls
5.0%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
affiliated
sub-schedule
for
transactional
information.
(d)
Perpetual
security.
Perpetual
securities
pay
an
indefinite
stream
of
interest,
but
they
may
be
called
by
the
issuer
at
an
earlier
date.
Date
shown,
if
any,
reflects
the
next
call
date
or
final
legal
maturity
date.
Rate
shown
is
as
of
period
end.
(e)
Security
or
a
portion
of
the
security
was
on
loan
at
the
end
of
the
period.
(f)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1,522,465
or
24.15%
of
net
assets.
(g)
Non-income
producing
security
(h)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
Portfolio
Summary  (unaudited)
Sector
Percent
Financial
78.56‌%
Utilities
6.73‌%
Money
Market
Funds
4.50‌%
Energy
2.99‌%
Communications
2.97‌%
Government
1.44‌%
Industrial
1.06‌%
Consumer,
Non-cyclical
0.53‌%
Basic
Materials
0.48‌%
Consumer,
Cyclical
0.20‌%
Other
Assets
and
Liabilities
0.54‌%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
131
Affiliated
Securities
August
31,
2019
Purchases
Sales
November
30,
2019
Value
Cost
Proceeds
Value
Centaur
Funding
Corp
0
.00%
04/21/2020
$
99,772‌
$
—‌
$
—‌
$
98,090‌
Principal
Government
Money
Market
Fund
1.52%
98,550‌
557,891‌
387,762‌
268,679‌
$
198,322‌
$
557,891‌
$
387,76
2‌
$
366,769‌
Income
Realized
Gain/Loss
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/Loss
Centaur
Funding
Corp
0.00%
04/21/2020
$
—‌
$
—‌
$
—‌
$
(1,68
2‌
)
Principal
Government
Money
Market
Fund
1.52%
865‌
—‌
—‌
—‌
$
865‌
$
—‌
$
—‌
$
(1,68
2‌
)
Amounts
in
thousands.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
US
Long
Bond;
March
2020
Short
200‌
$
31,794‌
$
23‌
Total
$
23‌
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
SystematEx
International
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
132
INVESTMENT
COMPANIES
-
2.29%
Shares
Held
Value
(000's)
Money
Market
Funds
-
2.29%
BlackRock
Liquidity
FedFund
1.53
%
(a),(b)
1,035,997‌
$
1,037‌
Principal
Government
Money
Market
Fund
1.52
%
(a),(c)
373,429‌
373‌
$
1,410‌
TOTAL
INVESTMENT
COMPANIES
$
1,410‌
COMMON
STOCKS
-
98.81%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
1.00%
Airbus
SE
535‌
79‌
Safran
SA
3,285‌
537‌
$
616‌
Agriculture
-
1.51%
British
American
Tobacco
PLC
6,896‌
273‌
Imperial
Brands
PLC
12,801‌
282‌
Japan
Tobacco
Inc
2,700‌
61‌
Swedish
Match
AB
6,549‌
314‌
$
930‌
Airlines
-
1.38%
ANA
Holdings
Inc
5,200‌
177‌
Deutsche
Lufthansa
AG
9,317‌
177‌
Japan
Airlines
Co
Ltd
6,700‌
208‌
Qantas
Airways
Ltd
58,884‌
291‌
$
853‌
Apparel
-
3.06%
Adidas
AG
1,254‌
391‌
Kering
SA
994‌
598‌
LVMH
Moet
Hennessy
Louis
Vuitton
SE
1,860‌
833‌
Puma
SE
815‌
61‌
$
1,883‌
Automobile
Manufacturers
-
4.43%
Fiat
Chrysler
Automobiles
NV
14,634‌
215‌
Honda
Motor
Co
Ltd
16,200‌
455‌
Mazda
Motor
Corp
8,400‌
74‌
Peugeot
SA
10,883‌
263‌
Subaru
Corp
5,900‌
155‌
Suzuki
Motor
Corp
11,200‌
497‌
Toyota
Motor
Corp
9,400‌
658‌
Volkswagen
AG
933‌
178‌
Volvo
AB
-
B
Shares
15,350‌
237‌
$
2,732‌
Automobile
Parts
&
Equipment
-
1.91%
Aisin
Seiki
Co
Ltd
6,300‌
238‌
Bridgestone
Corp
7,100‌
284‌
Cie
Generale
des
Etablissements
Michelin
SCA
2,319‌
278‌
Denso
Corp
3,100‌
138‌
Faurecia
SE
2,691‌
143‌
Sumitomo
Rubber
Industries
Ltd
7,600‌
97‌
$
1,178‌
Banks
-
7.99%
ABN
AMRO
Bank
NV
(
d)
5,707‌
97‌
Australia
&
New
Zealand
Banking
Group
Ltd
7,298‌
123‌
Banco
Santander
SA
22,445‌
87‌
Bank
Leumi
Le-Israel
BM
22,617‌
164‌
Bank
of
Montreal
1,000‌
77‌
Bank
of
Nova
Scotia/The
2,000‌
113‌
BNP
Paribas
SA
5,820‌
326‌
Commonwealth
Bank
of
Australia
2,870‌
157‌
Danske
Bank
A/S
4,001‌
54‌
DBS
Group
Holdings
Ltd
12,600‌
232‌
HSBC
Holdings
PLC
78,936‌
588‌
Lloyds
Banking
Group
PLC
1,043,496‌
823‌
Macquarie
Group
Ltd
4,737‌
443‌
Mizuho
Financial
Group
Inc
132,200‌
205‌
National
Australia
Bank
Ltd
2,600‌
46‌
Nordea
Bank
Abp
313‌
2‌
Oversea-Chinese
Banking
Corp
Ltd
20,400‌
161‌
Raiffeisen
Bank
International
AG
10,481‌
246‌
Resona
Holdings
Inc
44,500‌
189‌
Royal
Bank
of
Canada
1,600‌
131‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
Sumitomo
Mitsui
Financial
Group
Inc
8,200‌
$
300‌
Toronto-Dominion
Bank/The
2,200‌
127‌
United
Overseas
Bank
Ltd
6,100‌
115‌
Westpac
Banking
Corp
7,212‌
120‌
$
4,926‌
Beverages
-
1.53%
Diageo
PLC
3,580‌
146‌
Heineken
Holding
NV
3,328‌
319‌
Kirin
Holdings
Co
Ltd
15,600‌
345‌
Suntory
Beverage
&
Food
Ltd
3,100‌
135‌
$
945‌
Biotechnology
-
0.88%
CSL
Ltd
2,827‌
542‌
Chemicals
-
1.95%
Arkema
SA
1,479‌
153‌
BASF
SE
4,604‌
346‌
Covestro
AG
(
d)
3,619‌
169‌
Mitsubishi
Chemical
Holdings
Corp
30,400‌
226‌
Mitsui
Chemicals
Inc
5,000‌
120‌
Sumitomo
Chemical
Co
Ltd
20,900‌
94‌
Tosoh
Corp
6,400‌
95‌
$
1,203‌
Commercial
Services
-
1.94%
Amadeus
IT
Group
SA
5,579‌
444‌
Ashtead
Group
PLC
11,662‌
354‌
Wirecard
AG
(
e)
3,004‌
395‌
$
1,193‌
Computers
-
2.17%
Capgemini
SE
2,081‌
246‌
Computershare
Ltd
21,112‌
253‌
Fujitsu
Ltd
4,700‌
428‌
NEC
Corp
10,300‌
412‌
$
1,339‌
Cosmetics
&
Personal
Care
-
0.18%
Unilever
NV
1,911‌
114‌
Distribution
&
Wholesale
-
2.92%
ITOCHU
Corp
22,100‌
483‌
Mitsubishi
Corp
19,500‌
511‌
Mitsui
&
Co
Ltd
24,900‌
442‌
Sumitomo
Corp
24,100‌
363‌
$
1,799‌
Diversified
Financial
Services
-
0.74%
ORIX
Corp
27,800‌
456‌
Electric
-
1.75%
E.ON
SE
16,012‌
168‌
Enel
SpA
88,268‌
667‌
Engie
SA
15,543‌
246‌
$
1,081‌
Electrical
Components
&
Equipment
-
0.98%
Brother
Industries
Ltd
16,200‌
322‌
Schneider
Electric
SE
2,906‌
280‌
$
602‌
Engineering
&
Construction
-
4.20%
ACS
Actividades
de
Construccion
y
Servicios
SA
10,990‌
427‌
Aena
SME
SA
(
d)
1,897‌
348‌
Eiffage
SA
3,176‌
347‌
Fraport
AG
Frankfurt
Airport
Services
Worldwide
607‌
51‌
HOCHTIEF
AG
1,292‌
159‌
Kajima
Corp
19,600‌
259‌
Obayashi
Corp
27,400‌
290‌
Taisei
Corp
4,500‌
177‌
Vinci
SA
4,879‌
532‌
$
2,590‌
Entertainment
-
0.57%
Aristocrat
Leisure
Ltd
15,331‌
352‌
Schedule
of
Investments
SystematEx
International
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
133
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Food
-
5.85%
Colruyt
SA
5,523‌
$
286‌
Empire
Co
Ltd
5,300‌
142‌
Koninklijke
Ahold
Delhaize
NV
27,728‌
714‌
Nestle
SA
10,122‌
1,051‌
NH
Foods
Ltd
4,000‌
168‌
Seven
&
i
Holdings
Co
Ltd
5,100‌
191‌
Tate
&
Lyle
PLC
19,382‌
183‌
Tesco
PLC
131,243‌
389‌
WH
Group
Ltd
(
d)
311,680‌
320‌
Wm
Morrison
Supermarkets
PLC
(
e)
62,090‌
159‌
$
3,603‌
Forest
Products
&
Paper
-
0.92%
Stora
Enso
Oyj
11,046‌
149‌
UPM-
Kymmene
Oyj
12,489‌
417‌
$
566‌
Healthcare
-
Products
-
1.64%
Alcon
Inc
(
f)
1,617‌
89‌
Demant
A/
S
(
f)
6,908‌
211‌
EssilorLuxottica
SA
383‌
60‌
Koninklijke
Philips
NV
7,429‌
345‌
Straumann
Holding
AG
315‌
303‌
$
1,008‌
Healthcare
-
Services
-
0.99%
Fresenius
Medical
Care
AG
&
Co
KGaA
2,441‌
179‌
Ramsay
Health
Care
Ltd
4,215‌
208‌
Sonic
Healthcare
Ltd
10,915‌
223‌
$
610‌
Holding
Companies
-
Diversified
-
0.79%
CK
Hutchison
Holdings
Ltd
31,000‌
282‌
Jardine
Matheson
Holdings
Ltd
3,682‌
207‌
$
489‌
Home
Builders
-
2.46%
Barratt
Developments
PLC
19,400‌
167‌
Berkeley
Group
Holdings
PLC
5,692‌
337‌
Daiwa
House
Industry
Co
Ltd
4,600‌
141‌
Persimmon
PLC
10,271‌
340‌
Sekisui
House
Ltd
11,200‌
242‌
Taylor
Wimpey
PLC
128,534‌
290‌
$
1,517‌
Home
Furnishings
-
1.11%
Sony
Corp
10,800‌
685‌
Insurance
-
8.27%
Aegon
NV
27,737‌
125‌
Allianz
SE
2,573‌
615‌
Aviva
PLC
17,095‌
89‌
AXA
SA
16,097‌
438‌
Baloise
Holding
AG
399‌
69‌
CNP
Assurances
8,240‌
163‌
Direct
Line
Insurance
Group
PLC
78,795‌
311‌
Hannover
Rueck
SE
246‌
46‌
Legal
&
General
Group
PLC
151,221‌
549‌
Manulife
Financial
Corp
8,000‌
157‌
Mapfre
SA
56,369‌
159‌
MS&AD
Insurance
Group
Holdings
Inc
6,800‌
220‌
Muenchener
Rueckversicherungs
-Gesellschaft
AG
in
Muenchen
370‌
106‌
NN
Group
NV
9,936‌
381‌
Sampo
Oyj
3,132‌
127‌
Sompo
Holdings
Inc
5,500‌
217‌
Swiss
Life
Holding
AG
1,134‌
562‌
Swiss
Re
AG
2,457‌
266‌
Tokio
Marine
Holdings
Inc
4,000‌
218‌
Zurich
Insurance
Group
AG
702‌
276‌
$
5,094‌
Investment
Companies
-
0.36%
EXOR
NV
2,938‌
224‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Iron
&
Steel
-
1.52%
ArcelorMittal
SA
9,986‌
$
170‌
BlueScope
Steel
Ltd
18,738‌
184‌
Fortescue
Metals
Group
Ltd
73,610‌
485‌
JFE
Holdings
Inc
7,500‌
96‌
$
935‌
Leisure
Products
&
Services
-
0.29%
Flight
Centre
Travel
Group
Ltd
5,968‌
178‌
Machinery
-
Construction
&
Mining
-
0.84%
Hitachi
Ltd
13,100‌
516‌
Media
-
0.39%
Pearson
PLC
28,659‌
240‌
RTL
Group
SA
40‌
2‌
$
242‌
Mining
-
4.25%
Anglo
American
PLC
19,585‌
512‌
BHP
Group
Ltd
16,906‌
436‌
Boliden
AB
(
f)
6,827‌
176‌
Glencore
PLC
(
f)
115,519‌
365‌
Rio
Tinto
Ltd
6,338‌
416‌
Rio
Tinto
PLC
10,323‌
562‌
South32
Ltd
81,821‌
149‌
$
2,616‌
Miscellaneous
Manufacturers
-
0.37%
Siemens
AG
1,767‌
228‌
Office
&
Business
Equipment
-
1.60%
Canon
Inc
13,000‌
360‌
FUJIFILM
Holdings
Corp
4,800‌
227‌
Konica
Minolta
Inc
60,500‌
397‌
$
984‌
Oil
&
Gas
-
6.52%
BP
PLC
100,762‌
628‌
Eni
SpA
3,233‌
49‌
Equinor
ASA
10,591‌
195‌
JXTG
Holdings
Inc
55,850‌
248‌
Neste
Oyj
18,492‌
625‌
OMV
AG
4,695‌
267‌
Repsol
SA
19,231‌
303‌
Royal
Dutch
Shell
PLC
-
A
Shares
17,672‌
506‌
Royal
Dutch
Shell
PLC
-
B
Shares
15,717‌
446‌
TOTAL
SA
14,256‌
748‌
$
4,015‌
Pharmaceuticals
-
9.31%
Alfresa
Holdings
Corp
11,000‌
228‌
Astellas
Pharma
Inc
23,300‌
398‌
AstraZeneca
PLC
1,778‌
172‌
Bayer
AG
5,042‌
381‌
GlaxoSmithKline
PLC
23,710‌
539‌
Medipal
Holdings
Corp
12,400‌
266‌
Merck
KGaA
1,972‌
230‌
Novartis
AG
8,086‌
745‌
Novo
Nordisk
A/S
7,605‌
428‌
Roche
Holding
AG
3,047‌
939‌
Sanofi
5,689‌
530‌
Sumitomo
Dainippon
Pharma
Co
Ltd
15,700‌
297‌
Suzuken
Co
Ltd/Aichi
Japan
5,900‌
258‌
UCB
SA
4,003‌
324‌
$
5,735‌
Private
Equity
-
1.42%
3i
Group
PLC
36,293‌
502‌
Partners
Group
Holding
AG
441‌
372‌
$
874‌
Real
Estate
-
1.67%
CK
Asset
Holdings
Ltd
41,999‌
279‌
Kerry
Properties
Ltd
61,500‌
199‌
Sun
Hung
Kai
Properties
Ltd
21,000‌
306‌
Wheelock
&
Co
Ltd
39,230‌
244‌
$
1,028‌
Schedule
of
Investments
SystematEx
International
Fund
November
30,
2019
(unaudited)
See
accompanying
notes.
134
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
-
0.71%
Mirvac
Group
193,322‌
$
440‌
Retail
-
0.57%
Sundrug
Co
Ltd
2,400‌
85‌
Wesfarmers
Ltd
9,367‌
269‌
$
354‌
Software
-
1.21%
Mixi
Inc
10,500‌
201‌
SAP
SE
1,964‌
266‌
Ubisoft
Entertainment
SA
(
f)
4,607‌
280‌
$
747‌
Telecommunications
-
4.34%
Deutsche
Telekom
AG
50,156‌
842‌
KDDI
Corp
11,700‌
336‌
Nippon
Telegraph
&
Telephone
Corp
9,400‌
475‌
NTT
DOCOMO
Inc
16,300‌
448‌
Orange
SA
(
e)
26,915‌
445‌
SoftBank
Group
Corp
3,300‌
128‌
$
2,674‌
Transportation
-
0.32%
Central
Japan
Railway
Co
400‌
81‌
Royal
Mail
PLC
43,642‌
117‌
$
198‌
TOTAL
COMMON
STOCKS
$
60,894‌
Total
Investments
$
62,304‌
Other
Assets
and
Liabilities
-  (
1.10)%
(680‌)
TOTAL
NET
ASSETS
-
100.00%
$
61,624‌
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1,037
or
1.68%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940)
or
an
affiliate
as
defined
by
the
Investment
Company
Act
of
1940
(controls
5.0%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
affiliated
sub-schedule
for
transactional
information.
(d)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$934
or
1.52%
of
net
assets.
(e)
Security
or
a
portion
of
the
security
was
on
loan
at
the
end
of
the
period.
(f)
Non-income
producing
security
Portfolio
Summary  (
unaudited)
Location
Percent
Japan
26.00‌%
United
Kingdom
15.10‌%
France
12.21‌%
Switzerland
8.17‌%
Germany
8.09‌%
Australia
7.93‌%
Netherlands
5.12‌%
Hong
Kong
2.98‌%
Spain
2.87‌%
United
States
2.29‌%
Finland
2.15‌%
Canada
1.21‌%
Sweden
1.18‌%
Italy
1.16‌%
Denmark
1.12‌%
Belgium
0.99‌%
Austria
0.83‌%
Singapore
0.83‌%
Norway
0.32‌%
Luxembourg
0.28‌%
Israel
0.27‌%
Other
Assets
and
Liabilities
(
1.10‌)%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
August
31,
2019
Purchases
Sales
November
30,
2019
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
1.52%
$
386‌
$
392‌
$
405‌
$
373‌
$
386‌
$
392‌
$
405‌
$
373‌
Income
Realized
Gain/Loss
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/Loss
Principal
Government
Money
Market
Fund
1.52%
$
2‌
$
—‌
$
—‌
$
—‌
$
2‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
Glossary
to
the
Schedule
of
Investments
November
30,
2019
(unaudited)
See
accompanying
notes.
135
Currency
Abbreviations
ARS
Argentine
Peso
AUD
Australian
Dollar
BRL
Brazilian
Real
CAD
Canadian
Dollar
CHF
Swiss
Franc
CLP
Chilean
Peso
CNH
Chinese
Renminbi
CNY
Chinese
Renminbi
COP
Colombian
Peso
CZK
Czech
Koruna
EUR
Euro
GBP
British
Pound
Sterling
HKD
Hong
Kong
Dollar
HUF
Hungarian
Forint
IDR
Indonesian
Rupiah
INR
Indian
Rupee
JPY
Japanese
Yen
KRW
South
Korean
Won
MXN
Mexican
Peso
MYR
Malaysian
Ringgit
NOK
Norwegian
Krone
NZD
New
Zealand
Dollar
PEN
Peruvian
Nuevo
Sol
PLN
Polish
Zloty
RON
Romanian
New
Leu
RUB
Russian
Ruble
SEK
Swedish
Krona
SGD
Singapore
Dollar
THB
Thai
Baht
TRY
Turkish
Lira
TWD
New
Taiwan
Dollar
UAH
Ukrainian
Hryvnia
USD/$
United
States
Dollar
ZAR
South
African
Rand
November
30,
2019
(unaudited)
136
Security
Valuation.
Blue
Chip
Fund,
Bond
Market
Index
Fund,
Capital
Securities
Fund,
Diversified
Real
Asset
Fund,
EDGE
MidCap
Fund,
Global
Multi-Strategy
Fund,
Global
Opportunities
Fund,
International
Equity
Index
Fund,
International
Small
Company
Fund,
Opportunistic
Municipal
Fund,
Origin
Emerging
Markets
Fund,
Small-MidCap
Dividend
Income
Fund,
Small-MidCap
Growth
Fund,
Spectrum
Preferred
and
Capital
Securities
Income
Fund,
and
SystematEx
International
Fund
(known
as
the
“Funds”)
value
securities
for
which
market
quotations
are
readily
available
at
fair
value,
which
is
determined
using
the
last
reported
sale
price.
If
no
sales
are
reported,
as
is
regularly
the
case
for
some
securities
traded
over-the-counter,
securities
are
valued
using
the
last
reported
bid
price
or
an
evaluated
bid
price
provided
by
a
pricing
service.
Pricing
services
use
modeling
techniques
that
incorporate
security
characteristics
such
as
current
quotations
by
broker/dealers,
coupon,
maturity,
quality,
type
of
issue,
trading
characteristics,
other
yield
and
risk
factors,
and
other
market
conditions
to
determine
an
evaluated
bid
price
or,
in
the
case
of
certain
credit
default
swaps,
a
mean
price
provided
by
a
pricing
service.
When
reliable
market
quotations
are
not
considered
to
be
readily
available,
which
may
be
the
case,
for
example,
with
respect
to
restricted
securities,
certain
debt
securities,
preferred
stocks,
and
foreign
securities,
the
investments
are
valued
at
their
fair
value
as
determined
in
good
faith
by
the
Principal
Global
Investors,
LLC
(“the
Manager”)
under
procedures
established
and
periodically
reviewed
by
the
Fund’s
Board
of
Directors.
Certain
of
the
Funds
invest
in
Institutional
Class
shares
of
other
series
of
Principal
Funds,
Inc.
(the
“Underlying
Funds”).
Investments
in
the
Underlying
Funds
are
valued
at
the
closing
net
asset
value
per
share
of
each
Underlying
Fund
on
the
day
of
valuation.
The
value
of
foreign
securities
used
in
computing
the
net
asset
value
per
share
is
generally
determined
as
of
the
close
of
the
foreign
exchange
where
the
security
is
principally
traded.
Events
that
occur
after
the
close
of
the
applicable
foreign
market
or
exchange
but
prior
to
the
calculation
of
the
Funds’
net
asset
values
are
reflected
in
the
Funds’
net
asset
values
and
these
securities
are
valued
at
fair
value
as
determined
in
good
faith
by
the
Manager
under
procedures
established
and
periodically
reviewed
by
the
Fund’s
Board
of
Directors.
Many
factors,
provided
by
independent
pricing
services,
are
reviewed
in
the
course
of
making
a
good
faith
determination
of
a
security’s
fair
value,
including,
but
not
limited
to,
price
movements
in
ADRs,
futures
contracts,
industry
indices,
general
indices,
and
foreign
currencies.
To
the
extent
the
Funds
invest
in
foreign
securities
listed
on
foreign
exchanges
which
trade
on
days
on
which
the
Funds
do
not
determine
net
asset
values,
for
example
weekends
and
other
customary
national
U.S.
holidays,
the
Funds’
net
asset
values
could
be
significantly
affected
on
days
when
shareholders
cannot
purchase
or
redeem
shares.
Certain
securities
issued
by
companies
in
emerging
market
countries
may
have
more
than
one
quoted
valuation
at
any
given
point
in
time,
sometimes
referred
to
as
a
“local”
price
and
a
“premium”
price.
The
premium
price
is
often
a
negotiated
price,
which
may
not
consistently
represent
a
price
at
which
a
specific
transaction
can
be
effected.
It
is
the
policy
of
the
Funds
to
value
such
securities
at
prices
at
which
it
is
expected
those
shares
may
be
sold,
and
the
Manager
or
any
Sub-Advisor
is
authorized
to
make
such
determinations
subject
to
such
oversight
by
the
Fund’s
Board
of
Directors
as
may
occasionally
be
necessary.
Fair
value
is
defined
as
the
price
that
the
Funds
would
receive
upon
selling
a
security
or
transferring
a
liability
in
a
timely
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
of
the
security
at
the
measurement
date.
In
determining
fair
value,
the
Funds
may
use
one
or
more
of
the
following
approaches:
market,
income
and/or
cost.
A
hierarchy
for
inputs
is
used
in
measuring
fair
value
that
maximizes
the
use
of
observable
inputs
and
minimizes
the
use
of
unobservable
inputs
by
requiring
that
the
most
observable
inputs
be
used
when
available.
Observable
inputs
are
inputs
that
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability
developed
based
on
market
data
obtained
from
sources
independent
of
the
Funds.
Unobservable
inputs
are
inputs
that
reflect
the
fund’s
own
estimates
about
the
estimates
market
participants
would
use
in
pricing
the
asset
or
liability
developed
based
on
the
best
information
available
in
the
circumstances.
The
three-tier
hierarchy
of
inputs
is
summarized
in
the
three
broad
levels
listed
below.
Level
1
–
Quoted
prices
are
available
in
active
markets
for
identical
securities
as
of
the
reporting
date.
The
type
of
securities
included
in
Level
1
includes
listed
equities
and
listed
derivatives.
Level
2
–
Other
significant
observable
inputs
(including
quoted
prices
for
similar
investments,
interest
rates,
prepayments
speeds,
credit
risk,
etc.).
Investments
which
are
generally
included
in
this
category
include
certain
foreign
equities,
corporate
bonds,
senior
floating
rate
interests,
municipal
bonds,
and
US
Government
and
Government
Agency
Obligations.
Level
3
–
Significant
unobservable
inputs
(including
the
Funds’
assumptions
in
determining
the
fair
value
of
investments).
Investments
which
are
generally
included
in
this
category
include
certain
common
stocks,
corporate
bonds,
mortgage
backed
securities
or
senior
floating
rate
interests.
November
30,
2019
(unaudited)
137
The
availability
of
observable
inputs
can
vary
from
security
to
security
and
is
affected
by
a
wide
variety
of
factors,
including,
for
example,
the
type
of
security,
whether
the
security
is
new
and
not
yet
established
in
the
market
place,
and
other
characteristics
particular
to
the
transaction.
To
the
extent
that
valuation
is
based
on
models
or
inputs
that
are
less
observable
or
unobservable
in
the
market,
the
determination
of
fair
value
requires
more
judgment.
Accordingly,
the
degree
of
judgment
exercised
by
the
Funds
in
determining
fair
value
is
greatest
for
instruments
categorized
in
Level
3.
In
certain
cases,
the
inputs
used
to
measure
fair
value
may
fall
into
different
levels
of
the
fair
value
hierarchy.
In
such
cases,
for
disclosure
purposes,
the
level
in
the
fair
value
hierarchy
within
which
the
fair
value
measurement
in
its
entirety
falls
is
determined
based
on
the
lowest
level
input
that
is
significant
to
the
fair
value
measurement
in
its
entirety.
Fair
value
is
a
market
based
measure
considered
from
the
perspective
of
a
market
participant
who
holds
the
asset
rather
than
an
entity
specific
measure.
Therefore,
even
when
market
assumptions
are
not
readily
available,
the
Funds’
own
assumptions
are
set
to
reflect
those
that
market
participants
would
use
in
pricing
the
asset
or
liability
at
the
measurement
date.
The
Funds
use
prices
and
inputs
that
are
current
as
of
the
measurement
date,
when
available.
Investments
which
are
included
in
the
Level
3
category
may
be
valued
using
quoted
prices
from
brokers
and
dealers
participating
in
the
market
for
these
investments.
These
investments
are
classified
as
Level
3
investments
due
to
the
lack
of
market
transparency
and
market
corroboration
to
support
these
quoted
prices.
Valuation
models
may
be
used
as
the
pricing
source
for
other
investments
classified
as
Level
3.
Valuation
models
rely
on
one
or
more
significant
unobservable
inputs
such
as
prepayment
rates,
probability
of
default,
or
loss
severity
in
the
event
of
default.
Significant
increases
in
any
of
those
inputs
in
isolation
would
result
in
a
significantly
lower
fair
value
measurement.
Benchmark
pricing
procedures
set
the
base
price
of
a
security
based
on
current
market
data.
The
base
price
may
be
a
broker-dealer
quote,
transaction
price,
or
internal
value
based
on
relevant
market
data.
The
fair
values
of
these
securities
are
dependent
on
economic,
political
and
other
considerations.
The
values
of
such
securities
may
be
affected
by
significant
changes
in
the
economic
conditions,
changes
in
government
policies,
and
other
factors
(e.g.,
natural
disasters,
accidents,
conflicts,
etc.).
Fair
value
of
these
investments
is
determined
in
good
faith
by
the
Manager
under
procedures
established
and
periodically
reviewed
by
the
Fund’s
Board
of
Directors.
The
Manager
has
established
a
valuation
committee
(“Valuation
Committee”)
of
senior
officers
and
employees,
with
the
responsibility
of
overseeing
the
pricing
and
valuation
of
all
securities,
including
securities
where
market
quotations
are
not
readily
available.
The
Valuation
Committee
meets
at
least
monthly
and
reports
directly
to
the
Board
of
Directors.
A
pricing
group
(the
“Pricing
Group”)
who
reports
to
the
Valuation
Committee,
relies
on
the
established
pricing
policies
to
determine
fair
valuation.
Included
in
the
pricing
policies
is
an
overview
of
the
approved
valuation
approaches
established
for
each
asset
class.
The
Pricing
Group
will
consider
all
appropriate
information
available
when
determining
fair
valuation.
The
Pricing
Group
relies
on
externally
provided
valuation
inputs
to
determine
the
value
of
Level
3
securities.
Security
values
are
updated
as
new
information
becomes
available.
Valuation
data
and
changes
in
valuation
amounts
are
reviewed
on
a
daily
basis
based
on
specified
criteria
for
the
security,
asset
class,
and
other
factors.
In
addition,
valuation
data
is
periodically
compared
to
actual
transactions
executed
by
the
Funds
(i.e.,
purchases/sales)
and
differences
between
transaction
prices
and
prior
period
valuation
data
are
investigated
based
on
specified
tolerances.
The
inputs
or
methodology
used
for
valuing
securities
are
not
necessarily
an
indication
of
the
risk
associated
with
investing
in
those
instruments.
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Blue
Chip
Fund
Common
Stocks*
$
4,623,679
$
—
$
—
$
4,623,679
Investment
Companies
5,086
—
—
5,086
Total
investments
in
securities
$
4,628,765
$
—
$
—
$
4,628,765
Bond
Market
Index
Fund
Bonds*
—
788,237
—
788,237
Investment
Companies
139,998
—
—
139,998
Municipal
Bonds*
—
15,591
—
15,591
U.S.
Government
&
Government
Agency
Obligations*
—
1,601,085
—
1,601,085
Total
investments
in
securities
$
139,998
$
2,404,913
$
—
$
2,544,911
November
30,
2019
(unaudited)
138
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Capital
Securities
Fund
Bonds*
$
—
$
632,505
$
—
$
632,505
Investment
Companies
26,668
—
—
26,668
Preferred
Stocks
Communications
—
7,476
—
7,476
Energy
4,256
—
—
4,256
Financial
13,482
—
—
13,482
Government
1,095
5,808
—
6,903
Total
investments
in
securities
$
45,501
$
645,789
$
—
$
691,290
Diversified
Real
Asset
Fund
Bonds*
—
434,014
—
434,014
Commodity
Indexed
Structured
Notes*
—
17,208
—
17,208
Common
Stocks
Basic
Materials
173,966
170,572
—
344,538
Communications
6,536
2,559
—
9,095
Consumer,
Cyclical
19,713
11,763
33
31,509
Consumer,
Non-cyclical
51,370
87,691
42
139,103
Energy
340,862
112,575
—
453,437
Financial
264,950
143,567
—
408,517
Industrial
120,916
99,316
115
220,347
Technology
7,139
—
—
7,139
Utilities
235,732
288,043
—
523,775
Convertible
Bonds*
—
278
—
278
Investment
Companies
130,862
—
—
130,862
Senior
Floating
Rate
Interests*
—
552,323
—
552,323
U.S.
Government
&
Government
Agency
Obligations*
—
756,691
—
756,691
Purchased
Interest
Rate
Swaptions
—
2,024
—
2,024
Purchased
Capped
Options
—
16
—
16
Purchased
Options
186
195
—
381
Total
investments
in
securities
$
1,352,232
$
2,678,835
$
190
$
4,031,257
Assets
Commodity
Contracts
Futures**
5,478
—
—
5,478
Total
Return
Swaps
—
99
—
99
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
9,063
—
9,063
Interest
Rate
Contracts
Exchange
Cleared
Interest
Rate
Swaps**
—
3,798
—
3,798
Futures**
680
—
—
680
Liabilities
Commodity
Contracts
Futures**
(11,016)
—
—
(11,016)
Total
Return
Swaps
—
(4,190)
—
(4,190)
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
(9,544)
—
(9,544)
Written
Options
—
(51)
—
(51)
Interest
Rate
Contracts
Capped
Options
—
(10)
—
(10)
Exchange
Cleared
Interest
Rate
Swaps**
—
(3,365)
—
(3,365)
Futures**
(62)
—
—
(62)
Interest
Rate
Swaptions
—
(3,586)
—
(3,586)
Written
Options
(148)
—
—
(148)
EDGE
MidCap
Fund
Common
Stocks
Basic
Materials
39,800
—
—
39,800
Communications
5,880
9,574
—
15,454
Consumer,
Cyclical
90,390
—
—
90,390
Consumer,
Non-cyclical
106,105
—
—
106,105
Energy
27,232
—
—
27,232
Financial
145,421
—
—
145,421
Industrial
147,750
—
—
147,750
Technology
97,191
—
—
97,191
November
30,
2019
(unaudited)
139
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
EDGE
MidCap
Fund
Utilities
$
45,036
$
—
$
—
$
45,036
Investment
Companies
19,859
—
—
19,859
Total
investments
in
securities
$
724,664
$
9,574
$
—
$
734,238
Global
Multi-Strategy
Fund
Bonds*
—
359,507
895
360,402
Common
Stocks
Basic
Materials
9,229
15,667
—
24,896
Communications
31,718
7,045
363
39,126
Consumer,
Cyclical
39,664
14,551
27
54,242
Consumer,
Non-cyclical
65,106
17,657
490
83,253
Diversified
372
252
—
624
Energy
8,473
2,505
—
10,978
Financial
42,629
13,210
2,422
58,261
Industrial
44,412
19,029
—
63,441
Technology
41,014
5,062
338
46,414
Utilities
3,020
2,672
—
5,692
Convertible
Bonds*
—
3,785
—
3,785
Convertible
Preferred
Stocks
Communications
—
—
202
202
Consumer,
Cyclical
—
—
61
61
Consumer,
Non-cyclical
697
—
—
697
Energy
22
49
—
71
Investment
Companies
120,968
9,687
—
130,655
Municipal
Bonds*
—
590
—
590
Preferred
Stocks
Basic
Materials
—
90
—
90
Communications
—
—
3
3
Consumer,
Cyclical
—
371
—
371
Financial
—
—
416
416
Industrial
—
—
—
—
Technology
—
—
142
142
Repurchase
Agreements*
—
271,580
—
271,580
Senior
Floating
Rate
Interests*
—
32,605
—
32,605
U.S.
Government
&
Government
Agency
Obligations*
—
531,651
—
531,651
Purchased
Options
1,032
44
—
1,076
Purchased
Interest
Rate
Swaptions
—
691
—
691
Total
investments
in
securities
$
408,356
$
1,308,300
$
5,359
$
1,722,015
Short
Sales
Bonds
—
(13,376)
—
(13,376)
Common
Stocks
Basic
Materials
(2,223)
(6,049)
—
(8,272)
Communications
(7,845)
(2,343)
—
(10,188)
Consumer,
Cyclical
(10,537)
(7,242)
—
(17,779)
Consumer,
Non-cyclical
(24,514)
(5,804)
—
(30,318)
Diversified
—
(523)
—
(523)
Energy
(8,095)
(210)
—
(8,305)
Financial
(15,017)
(6,764)
—
(21,781)
Industrial
(11,502)
(9,708)
—
(21,210)
Technology
(19,472)
(1,796)
—
(21,268)
Utilities
(15,672)
(2,446)
—
(18,118)
Preferred
Stocks
Consumer,
Non-cyclical
—
(141)
—
(141)
U.S.
Government
&
Government
Agency
Obligations
—
(323,181)
—
(323,181)
Total
Short
Sales
$
(114,877)
$
(379,583)
$
—
$
(494,460)
Reverse
Repurchase
Agreements
—
(4
8
5,975)
—
(4
8
5,975)
Assets
Credit
Contracts
Credit
Default
Swaps
—
158
—
158
Exchange
Cleared
Credit
Default
Swaps**
—
299
—
299
Commodity
Contracts
Futures**
591
—
—
591
Equity
Contracts
Futures**
1,854
—
—
$
1,854
Total
Return
Equity
Basket
Swaps
—
2,832
—
2,832
November
30,
2019
(unaudited)
140
Global
Opportunities
Fund
Common
Stocks
Basic
Materials
252
—
—
252
Communications
1,557
585
—
2,142
Consumer,
Cyclical
741
1,441
—
2,182
Consumer,
Non-cyclical
1,665
1,036
—
2,701
Energy
907
382
—
1,289
Financial
2,513
1,325
—
3,838
Industrial
894
451
—
1,345
Technology
1,25
5
639
—
1,89
4
Utilities
—
132
—
132
Investment
Companies
—
—
—
—
Total
investments
in
securities
$
9,
7
8
4
$
5,991
$
—
$
15,775
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Global
Multi-Strategy
Fund
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
$
—
$
5,077
$
—
$
5,077
Futures**
70
—
—
70
Interest
Rate
Contracts
Exchange
Cleared
Interest
Rate
Swaps**
—
422
—
422
Futures**
535
—
—
535
Interest
Rate
Swaps
—
361
—
361
Total
Return
Swaps
—
492
—
492
Liabilities
Credit
Contracts
Credit
Default
Swaps
—
(269)
—
(269)
Exchange
Cleared
Credit
Default
Swaps**
—
(102)
—
(102)
Commodity
Contracts
Futures**
(753)
—
—
(753)
Equity
Contracts
Futures**
(2,604)
—
—
(2,604)
Total
Return
Equity
Basket
Swaps
—
(1,729)
—
(1,729)
Written
Options
(397)
—
—
(397)
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
(4,838)
—
(4,838)
Futures
(41)
—
—
(41)
Written
Options
—
(516)
—
(516)
Interest
Rate
Contracts
Exchange
Cleared
Interest
Rate
Swaps**
—
(3,731)
—
(3,731)
Futures**
(444)
—
—
(444)
Interest
Rate
Swaps
—
(72)
—
(72)
Interest
Rate
Swaptions
—
(599)
—
(599)
Total
Return
Swaps
—
(10)
—
(10)
Written
Options
(52)
—
—
(52)
International
Equity
Index
Fund
Common
Stocks
Basic
Materials
—
70,119
—
70,119
Communications
449
65,917
—
66,366
Consumer,
Cyclical
351
141,490
—
141,841
Consumer,
Non-cyclical
2,381
291,232
—
293,613
Diversified
—
3,391
—
3,391
Energy
—
56,172
—
56,172
Financial
595
245,614
—
246,209
Industrial
—
151,987
—
151,987
Technology
4,012
48,173
—
52,185
Utilities
—
41,233
—
41,233
Investment
Companies
23,382
—
—
23,382
Preferred
Stocks
Basic
Materials
—
235
—
235
Consumer,
Cyclical
—
3,963
—
3,963
Consumer,
Non-cyclical
—
1,473
—
1,473
Industrial
—
587
—
587
Total
investments
in
securities
$
31,170
$
1,121,586
$
—
$
1,152,756
Assets
Equity
Contracts
Futures**
172
—
—
172
November
30,
2019
(unaudited)
141
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
International
Small
Company
Fund
Common
Stocks
Basic
Materials
$
16,308
$
53,461
$
—
$
69,769
Communications
—
43,667
—
43,667
Consumer,
Cyclical
10,729
135,179
—
145,908
Consumer,
Non-cyclical
11,436
122,422
—
133,858
Energy
13,898
21,923
—
35,821
Financial
20,304
208,450
—
228,754
Industrial
17,752
144,407
—
162,159
Technology
14,942
60,842
—
75,784
Utilities
6,500
19,890
—
26,390
Investment
Companies
30,902
—
—
30,902
Total
investments
in
securities
$
142,771
$
810,241
$
—
$
953,012
Opportunistic
Municipal
Fund
Investment
Companies
87
—
—
87
Municipal
Bonds*
—
148,497
—
148,497
Total
investments
in
securities
$
87
$
148,497
$
—
$
148,584
Origin
Emerging
Markets
Fund
Common
Stocks
Basic
Materials
22,831
18,169
—
41,000
Communications
98,239
48,315
—
146,554
Consumer,
Cyclical
15,924
74,951
—
90,875
Consumer,
Non-cyclical
44,128
45,141
—
89,269
Energy
—
47,273
—
47,273
Financial
48,371
189,311
—
237,682
Industrial
5,860
112,032
—
117,892
Technology
134,881
131,572
—
266,453
Utilities
—
59,532
—
59,532
Investment
Companies
15,669
—
—
15,669
Preferred
Stocks
20,095
—
—
20,095
Total
investments
in
securities
$
405,998
$
726,296
$
—
$
1,132,294
Small-
MidCap
Dividend
Income
Fund
Common
Stocks
Basic
Materials
88,952
—
—
88,952
Communications
24,741
—
—
24,741
Consumer,
Cyclical
311,744
—
—
311,744
Consumer,
Non-cyclical
191,476
—
—
191,476
Energy
119,731
—
—
119,731
Financial
831,961
17,978
—
849,939
Government
28,160
—
—
28,160
Industrial
340,826
—
—
340,826
Technology
176,369
—
—
176,369
Utilities
121,989
—
—
121,989
Investment
Companies
69,555
—
—
69,555
Total
investments
in
securities
$
2,305,504
$
17,978
$
—
$
2,323,482
Small-
MidCap
Growth
Fund
Common
Stocks*
5,169
—
—
5,169
Investment
Companies
125
—
—
125
Total
investments
in
securities
$
5,294
$
—
$
—
$
5,294
Spectrum
Preferred
and
Capital
Securities
Income
Fund
Bonds*
—
4,872,824
—
4,872,824
Convertible
Preferred
Stocks
Financial
39,496
—
—
39,496
Investment
Companies
283,707
—
—
283,707
Preferred
Stocks
Communications
32,903
124,325
—
157,228
Consumer,
Non-cyclical
—
24,847
—
24,847
Financial
595,390
18,676
—
614,066
Government
7,118
62,482
—
69,600
Industrial
27,025
—
—
27,025
November
30,
2019
(unaudited)
142
*For
additional
detail
regarding
sector
classifications,
please
see
the
Schedule
of
Investments.
**Exchange
cleared
swaps
and
futures
are
presented
at
the
unrealized
appreciation/(depreciation)
of
the
instrument.
The
Funds'
Schedules
of
Investments
as
of
November
30,
2019
have
not
been
audited.
This
report
is
provided
for
the
general
information
of
the
Funds'
shareholders.
For
more
information
regarding
the
Fund
and
its
holdings,
please
see
the
Funds'
prospectus
and
annual
report.
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Spectrum
Preferred
and
Capital
Securities
Income
Fund
Utilities
$
177,466
$
3,004
$
—
$
180,470
Total
investments
in
securities
$
1,163,105
$
5,106,158
$
—
$
6,269,263
Assets
Interest
Rate
Contracts
Futures**
23
—
—
23
SystematEx
International
Fund
Common
Stocks
Basic
Materials
—
5,320
—
5,320
Communications
—
2,916
—
2,916
Consumer,
Cyclical
—
11,531
—
11,531
Consumer,
Non-cyclical
142
14,538
—
14,680
Diversified
—
489
—
489
Energy
—
4,015
—
4,015
Financial
605
12,437
—
13,042
Industrial
—
4,750
—
4,750
Technology
—
3,070
—
3,070
Utilities
—
1,081
—
1,081
Investment
Companies
1,410
—
—
1,410
Total
investments
in
securities
$
2,157
$
60,147
$
—
$
62,304