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