Schedule

of

Investments

Blue

Chip

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

1

INVESTMENT

COMPANIES

-

1.70%

Shares

Held

Value

(000's)

Money

Market

Funds

-

1.70%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.10%

(a),(b)

3,747,158‌

$

3,747‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c),(d)

107,149,323‌

107,149‌

$

110,896‌

TOTAL

INVESTMENT

COMPANIES

$

110,896‌

COMMON

STOCKS

-

98.71%

Shares

Held

Value

(000's)

Aerospace

&

Defense

-

4.50%

TransDigm

Group

Inc

689,790‌

293,037‌

Biotechnology

-

1.02%

Illumina

Inc

(d)

183,981‌

66,794‌

Chemicals

-

2.84%

Ecolab

Inc

94,798‌

20,152‌

Linde

PLC

690,258‌

139,667‌

Sherwin-Williams

Co/The

42,896‌

25,474‌

$

185,293‌

Commercial

Services

-

9.04%

CoStar

Group

Inc

(d)

90,758‌

59,610‌

Moody's

Corp

316,741‌

84,700‌

PayPal

Holdings

Inc

(d)

2,165,540‌

335,680‌

S&P

Global

Inc

336,788‌

109,463‌

$

589,453‌

Diversified

Financial

Services

-

11.50%

Charles

Schwab

Corp/The

2,682,765‌

96,338‌

Credit

Acceptance

Corp

(d),(e)

99,865‌

36,932‌

Mastercard

Inc

1,024,929‌

308,391‌

Visa

Inc

1,578,631‌

308,212‌

$

749,873‌

Electronics

-

1.50%

Roper

Technologies

Inc

248,757‌

97,960‌

Healthcare

-

Products

-

2.97%

Danaher

Corp

875,216‌

145,820‌

IDEXX

Laboratories

Inc

(d)

154,995‌

47,875‌

$

193,695‌

Insurance

-

6.74%

Aon

PLC

174,299‌

34,328‌

Berkshire

Hathaway

Inc

-

Class

B

(d)

1,681,147‌

311,987‌

Markel

Corp

(d)

49,592‌

44,505‌

Progressive

Corp/The

622,010‌

48,318‌

$

439,138‌

Internet

-

20.32%

Alphabet

Inc

-

A

Shares

(d)

50,146‌

71,885‌

Alphabet

Inc

-

C

Shares

(d)

310,841‌

444,167‌

Amazon.com

Inc

(d)

237,193‌

579,313‌

Facebook

Inc

(d)

1,016,917‌

228,898‌

$

1,324,263‌

Lodging

-

1.66%

Hilton

Worldwide

Holdings

Inc

1,365,015‌

108,259‌

Media

-

4.73%

Charter

Communications

Inc

(d)

566,531‌

308,193‌

Private

Equity

-

5.24%

Brookfield

Asset

Management

Inc

9,930,278‌

311,414‌

KKR

&

Co

Inc

1,088,666‌

30,210‌

$

341,624‌

REITs

-

4.47%

American

Tower

Corp

1,127,756‌

291,153‌

Retail

-

2.66%

CarMax

Inc

(d)

629,868‌

55,460‌

Costco

Wholesale

Corp

142,471‌

43,948‌

O'Reilly

Automotive

Inc

(d)

115,966‌

48,386‌

Yum!

Brands

Inc

285,134‌

25,585‌

$

173,379‌

Semiconductors

-

1.39%

NVIDIA

Corp

254,640‌

90,402‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Software

-

18.13%

Adobe

Inc

(d)

699,497‌

$

270,425‌

Autodesk

Inc

(d)

427,116‌

89,857‌

Intuit

Inc

1,033,284‌

299,983‌

Microsoft

Corp

1,730,317‌

317,081‌

salesforce.com

Inc

(d)

1,169,080‌

204,343‌

$

1,181,689‌

TOTAL

COMMON

STOCKS

$

6,434,205‌

Total

Investments

$

6,545,101‌

Other

Assets

and

Liabilities

-  (0.41)%

(26,687‌)

TOTAL

NET

ASSETS

-

100.00%

$

6,518,414‌

(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

$15,477

or

0.24%

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

27.95‌%

Communications

25.05‌%

Technology

19.52‌%

Consumer,

Non-cyclical

13.03‌%

Industrial

6.00‌%

Consumer,

Cyclical

4.32‌%

Basic

Materials

2.84‌%

Money

Market

Funds

1.70‌%

Other

Assets

and

Liabilities

(0.41‌)%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

Blue

Chip

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

2

Affiliated

Securities

August

31,

2019

Purchases

Sales

May

31,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

14,510‌

$

1,026,250‌

$

933,611‌

$

107,149‌

$

14,510‌

$

1,026,250‌

$

933,611‌

$

107,149‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

118‌

$

—‌

$

—‌

$

—‌

$

118‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

3

INVESTMENT

COMPANIES

-

5.37%

Shares

Held

Value

(000's)

Money

Market

Funds

-

5.37%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.10%

(a),(b)

1,415,438‌

$

1,415‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c),(d)

125,213,774‌

125,214‌

$

126,629‌

TOTAL

INVESTMENT

COMPANIES

$

126,629‌

BONDS

-

32.91%

Principal

Amount

(000's)

Value

(000's)

Advertising

-

0.04%

Interpublic

Group

of

Cos

Inc/The

4.20%,

04/15/2024

$

50‌

$

53‌

Omnicom

Group

Inc

2.45%,

04/30/2030

155‌

145‌

Omnicom

Group

Inc

/

Omnicom

Capital

Inc

3.60%,

04/15/2026

500‌

542‌

3.63%,

05/01/2022

75‌

79‌

WPP

Finance

2010

3.75%,

09/19/2024

75‌

80‌

$

899‌

Aerospace

&

Defense

-

0.51%

Boeing

Co/The

2.70%,

02/01/2027

110‌

102‌

2.80%,

03/01/2024

200‌

196‌

2.95%,

02/01/2030

(e)

140‌

131‌

3.25%,

02/01/2035

335‌

288‌

3.50%,

03/01/2039

200‌

168‌

3.75%,

02/01/2050

310‌

270‌

3.95%,

08/01/2059

375‌

345‌

4.51%,

05/01/2023

630‌

652‌

4.88%,

05/01/2025

630‌

669‌

5.04%,

05/01/2027

315‌

334‌

5.15%,

05/01/2030

315‌

338‌

5.71%,

05/01/2040

315‌

346‌

5.81%,

05/01/2050

155‌

176‌

5.88%,

02/15/2040

100‌

108‌

General

Dynamics

Corp

3.25%,

04/01/2025

80‌

88‌

3.50%,

05/15/2025

235‌

262‌

3.50%,

04/01/2027

155‌

175‌

4.25%,

04/01/2040

155‌

193‌

L3Harris

Technologies

Inc

2.90%,

12/15/2029

360‌

380‌

3.83%,

04/27/2025

270‌

294‌

Lockheed

Martin

Corp

1.85%,

06/15/2030

105‌

107‌

3.35%,

09/15/2021

500‌

519‌

3.55%,

01/15/2026

265‌

303‌

4.07%,

12/15/2042

105‌

131‌

4.09%,

09/15/2052

162‌

209‌

4.50%,

05/15/2036

215‌

275‌

4.70%,

05/15/2046

75‌

102‌

Northrop

Grumman

Corp

2.55%,

10/15/2022

740‌

775‌

3.20%,

02/01/2027

130‌

143‌

3.25%,

01/15/2028

755‌

837‌

5.05%,

11/15/2040

500‌

652‌

Raytheon

Co

4.70%,

12/15/2041

350‌

411‌

Raytheon

Technologies

Corp

2.25%,

07/01/2030

155‌

159‌

3.75%,

11/01/2046

500‌

566‌

4.05%,

05/04/2047

300‌

355‌

4.13%,

11/16/2028

270‌

313‌

4.50%,

06/01/2042

410‌

503‌

6.13%,

07/15/2038

46‌

65‌

Rockwell

Collins

Inc

3.20%,

03/15/2024

75‌

80‌

$

12,020‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Agriculture

-

0.34%

Altria

Group

Inc

2.35%,

05/06/2025

$

65‌

$

67‌

3.40%,

05/06/2030

125‌

132‌

3.80%,

02/14/2024

500‌

542‌

4.00%,

01/31/2024

500‌

545‌

4.25%,

08/09/2042

460‌

470‌

4.80%,

02/14/2029

300‌

346‌

5.38%,

01/31/2044

25‌

29‌

6.20%,

02/14/2059

250‌

319‌

Archer-Daniels-Midland

Co

4.02%,

04/16/2043

350‌

409‌

BAT

Capital

Corp

2.76%,

08/15/2022

535‌

551‌

2.79%,

09/06/2024

210‌

219‌

3.46%,

09/06/2029

210‌

216‌

3.56%,

08/15/2027

500‌

526‌

4.54%,

08/15/2047

300‌

319‌

Philip

Morris

International

Inc

2.38%,

08/17/2022

90‌

93‌

2.75%,

02/25/2026

500‌

540‌

2.90%,

11/15/2021

400‌

412‌

3.25%,

11/10/2024

445‌

489‌

3.38%,

08/11/2025

350‌

386‌

4.13%,

03/04/2043

300‌

340‌

Reynolds

American

Inc

4.45%,

06/12/2025

220‌

243‌

5.70%,

08/15/2035

50‌

60‌

5.85%,

08/15/2045

50‌

60‌

6.15%,

09/15/2043

500‌

605‌

$

7,918‌

Airlines

-

0.03%

American

Airlines

2014-1

Class

A

Pass

Through

Trust

3.70%,

04/01/2028

14‌

11‌

American

Airlines

2019-1

Class

AA

Pass

Through

Trust

3.15%,

08/15/2033

138‌

123‌

Delta

Air

Lines

2020-1

Class

AA

Pass

Through

Trust

2.00%,

06/10/2028

310‌

285‌

Southwest

Airlines

Co

3.00%,

11/15/2026

350‌

324‌

United

Airlines

2019-2

Class

AA

Pass

Through

Trust

2.70%,

11/01/2033

70‌

62‌

$

805‌

Apparel

-

0.05%

NIKE

Inc

2.40%,

03/27/2025

155‌

166‌

2.75%,

03/27/2027

155‌

169‌

3.25%,

03/27/2040

155‌

174‌

3.88%,

11/01/2045

500‌

612‌

$

1,121‌

Automobile

Asset

Backed

Securities

-

0.11%

Americredit

Automobile

Receivables

Trust

2018-1

3.07%,

12/19/2022

655‌

660‌

GM

Financial

Automobile

Leasing

Trust

2018-1

2.61%,

01/20/2021

42‌

41‌

GM

Financial

Automobile

Leasing

Trust

2018-2

3.06%,

06/21/2021

316‌

317‌

Nissan

Auto

Receivables

2017-B

Owner

Trust

1.75%,

10/15/2021

157‌

158‌

World

Omni

Automobile

Lease

Securitization

Trust

2019-A

2.94%,

05/16/2022

1,500‌

1,524‌

$

2,700‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

4

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Automobile

Manufacturers

-

0.33%

American

Honda

Finance

Corp

1.70%,

09/09/2021

$

500‌

$

504‌

1.95%,

05/20/2022

150‌

152‌

1.95%,

05/10/2023

155‌

157‌

2.05%,

01/10/2023

425‌

433‌

2.15%,

09/10/2024

345‌

352‌

Cummins

Inc

4.88%,

10/01/2043

25‌

33‌

General

Motors

Co

4.88%,

10/02/2023

80‌

83‌

5.00%,

04/01/2035

325‌

327‌

5.15%,

04/01/2038

160‌

155‌

5.20%,

04/01/2045

425‌

403‌

5.40%,

04/01/2048

375‌

361‌

6.25%,

10/02/2043

75‌

78‌

General

Motors

Financial

Co

Inc

3.45%,

01/14/2022

1,000‌

999‌

3.45%,

04/10/2022

50‌

50‌

3.55%,

07/08/2022

935‌

926‌

4.00%,

10/06/2026

75‌

75‌

4.20%,

11/06/2021

250‌

254‌

4.35%,

01/17/2027

525‌

525‌

Toyota

Motor

Corp

3.67%,

07/20/2028

500‌

569‌

Toyota

Motor

Credit

Corp

1.15%,

05/26/2022

155‌

156‌

1.35%,

08/25/2023

155‌

156‌

1.80%,

10/07/2021

150‌

152‌

1.80%,

02/13/2025

155‌

159‌

2.00%,

10/07/2024

(e)

145‌

151‌

3.30%,

01/12/2022

500‌

519‌

$

7,729‌

Automobile

Parts

&

Equipment

-

0.01%

BorgWarner

Inc

4.38%,

03/15/2045

300‌

296‌

Banks

-

6.21%

Australia

&

New

Zealand

Banking

Group

Ltd/

New

York

NY

2.05%,

11/21/2022

250‌

258‌

2.63%,

05/19/2022

550‌

570‌

Banco

Santander

SA

2.75%,

05/28/2025

200‌

204‌

3.49%,

05/28/2030

200‌

204‌

4.25%,

04/11/2027

650‌

704‌

Bank

of

America

Corp

2.02%,

02/13/2026

(f)

365‌

373‌

3

Month

USD

LIBOR

+

0.64%

2.46%,

10/22/2025

(f)

300‌

312‌

3

Month

USD

LIBOR

+

0.87%

2.50%,

10/21/2022

75‌

77‌

2.50%,

02/13/2031

(f)

315‌

320‌

3

Month

USD

LIBOR

+

0.99%

2.59%,

04/29/2031

(f)

250‌

256‌

United

States

Secured

Overnight

Financing

Rate

+

2.15%

2.82%,

07/21/2023

(f)

75‌

78‌

3

Month

USD

LIBOR

+

0.93%

2.88%,

04/24/2023

(f)

110‌

114‌

3

Month

USD

LIBOR

+

1.02%

3.00%,

12/20/2023

(f)

2,551‌

2,663‌

3

Month

USD

LIBOR

+

0.79%

3.19%,

07/23/2030

(f)

285‌

307‌

3

Month

USD

LIBOR

+

1.18%

3.25%,

10/21/2027

350‌

383‌

3.30%,

01/11/2023

1,175‌

1,244‌

3.42%,

12/20/2028

(f)

639‌

696‌

3

Month

USD

LIBOR

+

1.04%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Bank

of

America

Corp  

(continued)

3.46%,

03/15/2025

(f)

$

500‌

$

537‌

3

Month

USD

LIBOR

+

0.97%

3.50%,

04/19/2026

335‌

371‌

3.86%,

07/23/2024

(f)

200‌

216‌

3

Month

USD

LIBOR

+

0.94%

3.95%,

01/23/2049

(f)

110‌

127‌

3

Month

USD

LIBOR

+

1.19%

3.97%,

03/05/2029

(f)

75‌

85‌

3

Month

USD

LIBOR

+

1.07%

3.97%,

02/07/2030

(f)

1,000‌

1,136‌

3

Month

USD

LIBOR

+

1.21%

4.00%,

04/01/2024

400‌

442‌

4.00%,

01/22/2025

90‌

98‌

4.10%,

07/24/2023

75‌

82‌

4.24%,

04/24/2038

(f)

835‌

982‌

3

Month

USD

LIBOR

+

1.81%

4.25%,

10/22/2026

800‌

899‌

4.27%,

07/23/2029

(f)

640‌

740‌

3

Month

USD

LIBOR

+

1.31%

4.33%,

03/15/2050

(f)

255‌

316‌

3

Month

USD

LIBOR

+

1.52%

5.00%,

01/21/2044

75‌

99‌

5.70%,

01/24/2022

75‌

81‌

5.88%,

02/07/2042

60‌

87‌

6.11%,

01/29/2037

500‌

682‌

Bank

of

Montreal

1.85%,

05/01/2025

160‌

164‌

2.55%,

11/06/2022

75‌

78‌

2.90%,

03/26/2022

500‌

519‌

3.30%,

02/05/2024

750‌

805‌

Bank

of

New

York

Mellon

Corp/The

1.60%,

04/24/2025

725‌

750‌

1.85%,

01/27/2023

790‌

814‌

1.95%,

08/23/2022

740‌

763‌

Bank

of

Nova

Scotia/The

2.00%,

11/15/2022

150‌

154‌

2.70%,

03/07/2022

145‌

150‌

2.70%,

08/03/2026

145‌

155‌

2.80%,

07/21/2021

500‌

513‌

3.40%,

02/11/2024

750‌

806‌

4.50%,

12/16/2025

60‌

67‌

Barclays

Bank

PLC

1.70%,

05/12/2022

1,000‌

1,013‌

Barclays

PLC

2.85%,

05/07/2026

(f)

200‌

205‌

3

Month

USD

LIBOR

+

2.45%

3.68%,

01/10/2023

200‌

207‌

3.93%,

05/07/2025

(f)

915‌

973‌

3

Month

USD

LIBOR

+

1.61%

4.38%,

01/12/2026

380‌

418‌

4.97%,

05/16/2029

(f)

200‌

229‌

3

Month

USD

LIBOR

+

1.90%

BPCE

SA

4.00%,

04/15/2024

750‌

817‌

Canadian

Imperial

Bank

of

Commerce

2.55%,

06/16/2022

575‌

596‌

2.61%,

07/22/2023

(f)

220‌

226‌

3

Month

USD

LIBOR

+

0.79%

Capital

One

NA

2.15%,

09/06/2022

250‌

253‌

2.25%,

09/13/2021

650‌

658‌

Citibank

NA

3.65%,

01/23/2024

750‌

818‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

5

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Citigroup

Inc

1.68%,

05/15/2024

(f)

$

155‌

$

156‌

United

States

Secured

Overnight

Financing

Rate

+

1.67%

2.31%,

11/04/2022

(f)

225‌

228‌

United

States

Secured

Overnight

Financing

Rate

+

0.87%

2.57%,

06/03/2031

(f),(g)

310‌

310‌

United

States

Secured

Overnight

Financing

Rate

+

2.11%

2.67%,

01/29/2031

(f)

310‌

314‌

United

States

Secured

Overnight

Financing

Rate

+

1.15%

2.75%,

04/25/2022

425‌

439‌

2.90%,

12/08/2021

385‌

396‌

2.98%,

11/05/2030

(f)

150‌

156‌

United

States

Secured

Overnight

Financing

Rate

+

1.42%

3.30%,

04/27/2025

435‌

474‌

3.40%,

05/01/2026

1,110‌

1,204‌

3.52%,

10/27/2028

(f)

125‌

135‌

3

Month

USD

LIBOR

+

1.15%

3.67%,

07/24/2028

(f)

875‌

954‌

3

Month

USD

LIBOR

+

1.39%

3.70%,

01/12/2026

110‌

121‌

3.88%,

01/24/2039

(f)

220‌

244‌

3

Month

USD

LIBOR

+

1.17%

4.13%,

07/25/2028

110‌

121‌

4.30%,

11/20/2026

75‌

84‌

4.45%,

09/29/2027

75‌

84‌

4.60%,

03/09/2026

1,075‌

1,204‌

4.65%,

07/30/2045

115‌

141‌

4.65%,

07/23/2048

235‌

292‌

4.75%,

05/18/2046

395‌

474‌

5.50%,

09/13/2025

845‌

986‌

6.68%,

09/13/2043

360‌

522‌

8.13%,

07/15/2039

474‌

798‌

Cooperatieve

Rabobank

UA

3.88%,

02/08/2022

535‌

564‌

5.25%,

05/24/2041

185‌

258‌

5.25%,

08/04/2045

550‌

713‌

Cooperatieve

Rabobank

UA/NY

2.75%,

01/10/2022

500‌

516‌

Credit

Suisse

AG/New

York

NY

3.00%,

10/29/2021

325‌

335‌

3.63%,

09/09/2024

500‌

546‌

Credit

Suisse

Group

Funding

Guernsey

Ltd

3.75%,

03/26/2025

1,250‌

1,360‌

3.80%,

09/15/2022

705‌

744‌

3.80%,

06/09/2023

750‌

796‌

Deutsche

Bank

AG/New

York

NY

3.95%,

02/27/2023

100‌

102‌

4.10%,

01/13/2026

750‌

763‌

4.25%,

10/14/2021

400‌

406‌

Development

Bank

of

Japan

Inc

2.00%,

10/19/2021

350‌

357‌

Discover

Bank

2.70%,

02/06/2030

250‌

236‌

3.20%,

08/09/2021

1,000‌

1,010‌

Fifth

Third

Bancorp

2.38%,

01/28/2025

600‌

619‌

4.30%,

01/16/2024

50‌

55‌

Fifth

Third

Bank

NA

1.80%,

01/30/2023

250‌

255‌

2.25%,

06/14/2021

300‌

305‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Goldman

Sachs

Group

Inc/The

3.00%,

04/26/2022

$

990‌

$

1,007‌

3.27%,

09/29/2025

(f)

75‌

79‌

3

Month

USD

LIBOR

+

1.20%

3.63%,

01/22/2023

335‌

358‌

3.69%,

06/05/2028

(f)

500‌

548‌

3

Month

USD

LIBOR

+

1.51%

3.75%,

02/25/2026

75‌

82‌

3.81%,

04/23/2029

(f)

75‌

83‌

3

Month

USD

LIBOR

+

1.16%

3.85%,

01/26/2027

110‌

121‌

4.22%,

05/01/2029

(f)

505‌

569‌

3

Month

USD

LIBOR

+

1.30%

4.25%,

10/21/2025

575‌

637‌

4.41%,

04/23/2039

(f)

175‌

202‌

3

Month

USD

LIBOR

+

1.43%

4.75%,

10/21/2045

150‌

186‌

5.15%,

05/22/2045

375‌

463‌

5.25%,

07/27/2021

1,375‌

1,441‌

5.95%,

01/15/2027

700‌

855‌

6.13%,

02/15/2033

850‌

1,169‌

6.25%,

02/01/2041

220‌

316‌

6.75%,

10/01/2037

210‌

293‌

HSBC

Holdings

PLC

2.10%,

06/04/2026

(f),(g)

310‌

309‌

United

States

Secured

Overnight

Financing

Rate

+

1.93%

2.63%,

11/07/2025

(f)

725‌

746‌

3

Month

USD

LIBOR

+

1.14%

2.85%,

06/04/2031

(f),(g)

200‌

200‌

United

States

Secured

Overnight

Financing

Rate

+

2.39%

3.26%,

03/13/2023

(f)

500‌

516‌

3

Month

USD

LIBOR

+

1.06%

3.90%,

05/25/2026

500‌

549‌

3.97%,

05/22/2030

(f)

300‌

327‌

3

Month

USD

LIBOR

+

1.61%

4.25%,

08/18/2025

750‌

806‌

4.58%,

06/19/2029

(f)

240‌

272‌

3

Month

USD

LIBOR

+

1.53%

4.95%,

03/31/2030

200‌

236‌

6.10%,

01/14/2042

600‌

837‌

6.50%,

05/02/2036

700‌

939‌

6.50%,

09/15/2037

100‌

135‌

6.80%,

06/01/2038

500‌

692‌

HSBC

USA

Inc

3.50%,

06/23/2024

500‌

542‌

Huntington

Bancshares

Inc/OH

2.55%,

02/04/2030

430‌

424‌

Huntington

National

Bank/The

1.80%,

02/03/2023

325‌

331‌

Industrial

&

Commercial

Bank

of

China

Ltd/New

York

NY

2.45%,

10/20/2021

350‌

355‌

ING

Groep

NV

3.15%,

03/29/2022

400‌

414‌

3.55%,

04/09/2024

300‌

320‌

4.55%,

10/02/2028

300‌

351‌

JPMorgan

Chase

&

Co

1.51%,

06/01/2024

(f)

220‌

222‌

United

States

Secured

Overnight

Financing

Rate

+

1.46%

2.00%,

03/13/2026

(f)

155‌

158‌

United

States

Secured

Overnight

Financing

Rate

+

1.59%

2.08%,

04/22/2026

(f)

145‌

149‌

United

States

Secured

Overnight

Financing

Rate

+

1.85%

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

6

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

JPMorgan

Chase

&

Co  

(continued)

2.18%,

06/01/2028

(f)

$

220‌

$

222‌

United

States

Secured

Overnight

Financing

Rate

+

1.89%

2.30%,

08/15/2021

860‌

863‌

2.30%,

10/15/2025

(f)

320‌

331‌

United

States

Secured

Overnight

Financing

Rate

+

1.16%

2.40%,

06/07/2021

500‌

509‌

2.52%,

04/22/2031

(f)

235‌

240‌

United

States

Secured

Overnight

Financing

Rate

+

2.04%

2.74%,

10/15/2030

(f)

625‌

648‌

United

States

Secured

Overnight

Financing

Rate

+

1.51%

2.78%,

04/25/2023

(f)

250‌

258‌

3

Month

USD

LIBOR

+

0.94%

2.96%,

05/13/2031

(f)

95‌

98‌

United

States

Secured

Overnight

Financing

Rate

+

2.52%

3.11%,

04/22/2041

(f)

235‌

245‌

United

States

Secured

Overnight

Financing

Rate

+

2.46%

3.11%,

04/22/2051

(f)

235‌

237‌

United

States

Secured

Overnight

Financing

Rate

+

2.44%

3.20%,

01/25/2023

2,667‌

2,824‌

3.21%,

04/01/2023

(f)

500‌

519‌

3

Month

USD

LIBOR

+

0.70%

3.51%,

01/23/2029

(f)

200‌

218‌

3

Month

USD

LIBOR

+

0.95%

3.54%,

05/01/2028

(f)

500‌

547‌

3

Month

USD

LIBOR

+

1.38%

3.56%,

04/23/2024

(f)

75‌

80‌

3

Month

USD

LIBOR

+

0.73%

3.63%,

12/01/2027

500‌

546‌

3.80%,

07/23/2024

(f)

180‌

193‌

3

Month

USD

LIBOR

+

0.89%

3.88%,

02/01/2024

85‌

94‌

3.88%,

09/10/2024

75‌

82‌

3.88%,

07/24/2038

(f)

750‌

858‌

3

Month

USD

LIBOR

+

1.36%

3.90%,

07/15/2025

460‌

516‌

3.90%,

01/23/2049

(f)

830‌

956‌

3

Month

USD

LIBOR

+

1.22%

4.01%,

04/23/2029

(f)

350‌

395‌

3

Month

USD

LIBOR

+

1.12%

4.03%,

07/24/2048

(f)

600‌

705‌

3

Month

USD

LIBOR

+

1.46%

4.20%,

07/23/2029

(f)

230‌

263‌

3

Month

USD

LIBOR

+

1.26%

4.50%,

01/24/2022

100‌

106‌

5.60%,

07/15/2041

370‌

522‌

8.00%,

04/29/2027

1,000‌

1,347‌

KeyBank

NA/Cleveland

OH

1.25%,

03/10/2023

250‌

253‌

3.30%,

06/01/2025

500‌

549‌

KeyCorp

2.25%,

04/06/2027

110‌

110‌

2.55%,

10/01/2029

270‌

267‌

Korea

Development

Bank/The

1.75%,

02/18/2025

500‌

513‌

2.75%,

03/19/2023

500‌

522‌

Kreditanstalt

fuer

Wiederaufbau

0.00%,

04/18/2036

(d)

260‌

206‌

1.50%,

06/15/2021

610‌

617‌

2.00%,

05/02/2025

(e)

280‌

300‌

2.13%,

06/15/2022

2,500‌

2,594‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Kreditanstalt

fuer

Wiederaufbau  

(continued)

2.13%,

01/17/2023

$

1,500‌

$

1,571‌

2.38%,

12/29/2022

440‌

463‌

2.50%,

02/15/2022

500‌

519‌

2.50%,

11/20/2024

500‌

545‌

2.88%,

04/03/2028

200‌

232‌

3.13%,

12/15/2021

(e)

750‌

783‌

Landwirtschaftliche

Rentenbank

2.38%,

06/10/2025

750‌

819‌

2.50%,

11/15/2027

500‌

564‌

Lloyds

Banking

Group

PLC

3.00%,

01/11/2022

800‌

824‌

3.90%,

03/12/2024

735‌

790‌

4.55%,

08/16/2028

400‌

457‌

4.58%,

12/10/2025

575‌

625‌

4.65%,

03/24/2026

475‌

522‌

Mitsubishi

UFJ

Financial

Group

Inc

2.19%,

02/25/2025

200‌

205‌

2.56%,

02/25/2030

200‌

206‌

2.62%,

07/18/2022

400‌

412‌

2.76%,

09/13/2026

500‌

530‌

2.80%,

07/18/2024

200‌

210‌

3.20%,

07/18/2029

200‌

215‌

3.75%,

07/18/2039

200‌

220‌

3.76%,

07/26/2023

1,000‌

1,071‌

Mizuho

Financial

Group

Inc

2.23%,

05/25/2026

(f)

200‌

203‌

3

Month

USD

LIBOR

+

0.83%

2.27%,

09/13/2021

300‌

306‌

2.72%,

07/16/2023

(f)

200‌

205‌

3

Month

USD

LIBOR

+

0.84%

2.84%,

07/16/2025

(f)

200‌

207‌

3

Month

USD

LIBOR

+

0.98%

3.15%,

07/16/2030

(f)

800‌

852‌

3

Month

USD

LIBOR

+

1.13%

Morgan

Stanley

2.19%,

04/28/2026

(f)

480‌

493‌

United

States

Secured

Overnight

Financing

Rate

+

1.99%

2.63%,

11/17/2021

750‌

770‌

2.70%,

01/22/2031

(f)

360‌

372‌

United

States

Secured

Overnight

Financing

Rate

+

1.14%

2.72%,

07/22/2025

(f)

255‌

267‌

United

States

Secured

Overnight

Financing

Rate

+

1.15%

2.75%,

05/19/2022

360‌

374‌

3.13%,

01/23/2023

220‌

232‌

3.13%,

07/27/2026

670‌

728‌

3.59%,

07/22/2028

(f)

90‌

99‌

3

Month

USD

LIBOR

+

1.34%

3.63%,

01/20/2027

95‌

105‌

3.70%,

10/23/2024

775‌

852‌

3.75%,

02/25/2023

150‌

161‌

3.77%,

01/24/2029

(f)

430‌

480‌

3

Month

USD

LIBOR

+

1.14%

3.88%,

04/29/2024

75‌

82‌

3.95%,

04/23/2027

60‌

67‌

4.00%,

07/23/2025

25‌

28‌

4.30%,

01/27/2045

320‌

389‌

4.35%,

09/08/2026

500‌

564‌

4.88%,

11/01/2022

650‌

705‌

5.00%,

11/24/2025

75‌

86‌

5.50%,

07/28/2021

510‌

537‌

6.38%,

07/24/2042

315‌

473‌

MUFG

Union

Bank

NA

3.15%,

04/01/2022

500‌

519‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

7

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

National

Australia

Bank

Ltd/New

York

1.88%,

12/13/2022

$

250‌

$

257‌

2.50%,

05/22/2022

650‌

673‌

Northern

Trust

Corp

1.95%,

05/01/2030

185‌

190‌

Oesterreichische

Kontrollbank

AG

2.38%,

10/01/2021

750‌

770‌

PNC

Bank

NA

1.74%,

02/24/2023

(f)

250‌

253‌

3

Month

USD

LIBOR

+

0.00%

2.23%,

07/22/2022

(f)

250‌

254‌

3

Month

USD

LIBOR

+

0.44%

2.70%,

11/01/2022

575‌

602‌

4.05%,

07/26/2028

400‌

460‌

PNC

Financial

Services

Group

Inc/The

2.20%,

11/01/2024

120‌

126‌

2.55%,

01/22/2030

160‌

170‌

2.60%,

07/23/2026

110‌

119‌

3.30%,

03/08/2022

750‌

785‌

3.45%,

04/23/2029

335‌

378‌

Royal

Bank

of

Canada

1.95%,

01/17/2023

265‌

273‌

2.25%,

11/01/2024

300‌

315‌

2.55%,

07/16/2024

145‌

153‌

4.65%,

01/27/2026

575‌

660‌

Royal

Bank

of

Scotland

Group

PLC

3.50%,

05/15/2023

(f)

400‌

411‌

3

Month

USD

LIBOR

+

1.48%

4.27%,

03/22/2025

(f)

795‌

849‌

3

Month

USD

LIBOR

+

1.76%

5.08%,

01/27/2030

(f)

400‌

469‌

3

Month

USD

LIBOR

+

1.91%

6.00%,

12/19/2023

475‌

523‌

6.13%,

12/15/2022

200‌

216‌

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

515‌

Santander

UK

PLC

2.10%,

01/13/2023

470‌

482‌

State

Street

Corp

2.35%,

11/01/2025

(f)

110‌

116‌

United

States

Secured

Overnight

Financing

Rate

+

0.94%

2.40%,

01/24/2030

160‌

170‌

2.65%,

05/19/2026

500‌

540‌

3.10%,

05/15/2023

50‌

53‌

3.30%,

12/16/2024

75‌

83‌

3.55%,

08/18/2025

275‌

310‌

3.70%,

11/20/2023

75‌

84‌

Sumitomo

Mitsui

Financial

Group

Inc

2.06%,

07/14/2021

590‌

599‌

2.35%,

01/15/2025

200‌

207‌

2.44%,

10/19/2021

700‌

718‌

2.70%,

07/16/2024

800‌

837‌

2.75%,

01/15/2030

200‌

208‌

2.78%,

07/12/2022

390‌

403‌

2.85%,

01/11/2022

1,090‌

1,120‌

3.01%,

10/19/2026

75‌

81‌

3.04%,

07/16/2029

200‌

212‌

3.36%,

07/12/2027

335‌

360‌

3.45%,

01/11/2027

165‌

178‌

Svenska

Handelsbanken

AB

1.88%,

09/07/2021

1,000‌

1,017‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Toronto-Dominion

Bank/The

1.90%,

12/01/2022

$

600‌

$

619‌

3.50%,

07/19/2023

500‌

546‌

3.62%,

09/15/2031

(f)

455‌

495‌

USD

Swap

Semi-Annual

5

Year

+

2.21%

Truist

Bank

1.25%,

03/09/2023

250‌

252‌

1.50%,

03/10/2025

250‌

255‌

2.15%,

12/06/2024

350‌

366‌

2.80%,

05/17/2022

335‌

349‌

3.80%,

10/30/2026

500‌

551‌

Truist

Financial

Corp

2.50%,

08/01/2024

340‌

357‌

4.00%,

05/01/2025

75‌

84‌

US

Bancorp

2.40%,

07/30/2024

190‌

201‌

3.00%,

03/15/2022

50‌

52‌

3.00%,

07/30/2029

975‌

1,056‌

3.15%,

04/27/2027

560‌

619‌

US

Bank

NA/Cincinnati

OH

1.95%,

01/09/2023

910‌

937‌

2.05%,

01/21/2025

300‌

314‌

Wells

Fargo

&

Co

1.65%,

06/02/2024

(f),(g)

220‌

221‌

United

States

Secured

Overnight

Financing

Rate

+

1.60%

2.10%,

07/26/2021

540‌

549‌

2.16%,

02/11/2026

(f)

885‌

896‌

3

Month

USD

LIBOR

+

0.75%

2.19%,

04/30/2026

(f)

485‌

492‌

United

States

Secured

Overnight

Financing

Rate

+

2.00%

2.39%,

06/02/2028

(f),(g)

220‌

222‌

United

States

Secured

Overnight

Financing

Rate

+

2.10%

2.41%,

10/30/2025

(f)

1,300‌

1,331‌

3

Month

USD

LIBOR

+

0.83%

2.57%,

02/11/2031

(f)

885‌

891‌

3

Month

USD

LIBOR

+

1.00%

3.00%,

04/22/2026

490‌

524‌

3.00%,

10/23/2026

590‌

629‌

3.07%,

04/30/2041

(f)

485‌

492‌

United

States

Secured

Overnight

Financing

Rate

+

2.53%

3.45%,

02/13/2023

535‌

563‌

3.55%,

09/29/2025

75‌

82‌

3.58%,

05/22/2028

(f)

375‌

407‌

3

Month

USD

LIBOR

+

1.31%

4.10%,

06/03/2026

535‌

586‌

4.15%,

01/24/2029

370‌

421‌

4.40%,

06/14/2046

350‌

396‌

4.48%,

04/04/2031

(f)

230‌

270‌

3

Month

USD

LIBOR

+

3.77%

4.65%,

11/04/2044

430‌

512‌

4.75%,

12/07/2046

250‌

295‌

4.90%,

11/17/2045

75‌

91‌

5.01%,

04/04/2051

(f)

310‌

405‌

3

Month

USD

LIBOR

+

4.24%

5.38%,

02/07/2035

325‌

426‌

5.38%,

11/02/2043

185‌

238‌

Wells

Fargo

Bank

NA

3.55%,

08/14/2023

400‌

432‌

Westpac

Banking

Corp

2.00%,

08/19/2021

60‌

61‌

2.00%,

01/13/2023

155‌

160‌

2.35%,

02/19/2025

150‌

158‌

2.65%,

01/16/2030

155‌

165‌

2.70%,

08/19/2026

500‌

539‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

8

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Westpac

Banking

Corp  

(continued)

2.85%,

05/13/2026

$

535‌

$

581‌

2.89%,

02/04/2030

(f)

155‌

156‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

1.35%

4.11%,

07/24/2034

(f)

145‌

156‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.00%

4.42%,

07/24/2039

275‌

306‌

$

146,261‌

Beverages

-

0.84%

Anheuser-Busch

Cos

LLC

/

Anheuser-Busch

InBev

Worldwide

Inc

3.65%,

02/01/2026

1,295‌

1,436‌

4.70%,

02/01/2036

1,975‌

2,253‌

4.90%,

02/01/2046

875‌

1,013‌

Anheuser-Busch

InBev

Finance

Inc

3.30%,

02/01/2023

500‌

530‌

4.63%,

02/01/2044

75‌

84‌

Anheuser-Busch

InBev

Worldwide

Inc

3.50%,

06/01/2030

130‌

143‌

3.75%,

07/15/2042

750‌

767‌

4.00%,

04/13/2028

500‌

567‌

4.35%,

06/01/2040

130‌

145‌

4.38%,

04/15/2038

475‌

528‌

4.50%,

06/01/2050

130‌

146‌

4.60%,

04/15/2048

35‌

39‌

4.75%,

01/23/2029

470‌

555‌

4.75%,

04/15/2058

75‌

86‌

4.95%,

01/15/2042

25‌

29‌

5.45%,

01/23/2039

200‌

246‌

5.80%,

01/23/2059

210‌

276‌

8.20%,

01/15/2039

60‌

94‌

Coca-Cola

Co/The

1.45%,

06/01/2027

140‌

142‌

1.65%,

06/01/2030

140‌

141‌

1.75%,

09/06/2024

140‌

148‌

2.13%,

09/06/2029

180‌

189‌

2.50%,

06/01/2040

140‌

141‌

2.60%,

06/01/2050

140‌

138‌

2.90%,

05/25/2027

500‌

553‌

2.95%,

03/25/2025

310‌

342‌

3.38%,

03/25/2027

155‌

177‌

Constellation

Brands

Inc

3.15%,

08/01/2029

90‌

94‌

3.20%,

02/15/2023

1,130‌

1,200‌

4.10%,

02/15/2048

300‌

319‌

Diageo

Capital

PLC

2.13%,

10/24/2024

200‌

210‌

2.13%,

04/29/2032

200‌

202‌

2.38%,

10/24/2029

200‌

211‌

Diageo

Investment

Corp

2.88%,

05/11/2022

780‌

814‌

Keurig

Dr

Pepper

Inc

3.13%,

12/15/2023

500‌

536‌

4.06%,

05/25/2023

360‌

393‌

4.42%,

05/25/2025

75‌

85‌

4.99%,

05/25/2038

250‌

315‌

Molson

Coors

Beverage

Co

2.10%,

07/15/2021

500‌

505‌

3.00%,

07/15/2026

105‌

105‌

4.20%,

07/15/2046

250‌

236‌

PepsiCo

Inc

0.75%,

05/01/2023

95‌

96‌

1.63%,

05/01/2030

95‌

96‌

2.38%,

10/06/2026

590‌

640‌

2.63%,

07/29/2029

145‌

159‌

2.75%,

03/05/2022

355‌

371‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Beverages

(continued)

PepsiCo

Inc  

(continued)

2.75%,

03/01/2023

$

75‌

$

80‌

2.85%,

02/24/2026

90‌

99‌

2.88%,

10/15/2049

145‌

153‌

3.00%,

10/15/2027

610‌

684‌

3.38%,

07/29/2049

645‌

738‌

3.60%,

08/13/2042

400‌

470‌

$

19,719‌

Biotechnology

-

0.32%

Amgen

Inc

1.90%,

02/21/2025

155‌

160‌

2.20%,

02/21/2027

395‌

411‌

2.25%,

08/19/2023

60‌

63‌

2.45%,

02/21/2030

155‌

161‌

2.65%,

05/11/2022

50‌

52‌

3.15%,

02/21/2040

155‌

163‌

3.38%,

02/21/2050

155‌

166‌

3.88%,

11/15/2021

414‌

429‌

4.66%,

06/15/2051

390‌

508‌

5.15%,

11/15/2041

225‌

298‌

5.75%,

03/15/2040

530‌

719‌

Baxalta

Inc

5.25%,

06/23/2045

250‌

336‌

Biogen

Inc

2.25%,

05/01/2030

370‌

376‌

4.05%,

09/15/2025

160‌

183‌

5.20%,

09/15/2045

30‌

40‌

Gilead

Sciences

Inc

1.95%,

03/01/2022

300‌

306‌

2.95%,

03/01/2027

240‌

265‌

3.50%,

02/01/2025

75‌

84‌

3.65%,

03/01/2026

75‌

85‌

3.70%,

04/01/2024

1,175‌

1,302‌

4.15%,

03/01/2047

25‌

32‌

4.60%,

09/01/2035

590‌

777‌

4.75%,

03/01/2046

425‌

569‌

$

7,485‌

Building

Materials

-

0.09%

Carrier

Global

Corp

1.92%,

02/15/2023

(h)

155‌

157‌

2.24%,

02/15/2025

(h)

155‌

155‌

2.49%,

02/15/2027

(h)

155‌

149‌

2.72%,

02/15/2030

(h)

310‌

295‌

3.38%,

04/05/2040

(h)

155‌

138‌

3.58%,

04/05/2050

(h)

155‌

138‌

Johnson

Controls

International

plc

5.13%,

09/14/2045

47‌

56‌

Martin

Marietta

Materials

Inc

2.50%,

03/15/2030

155‌

150‌

Masco

Corp

4.45%,

04/01/2025

300‌

327‌

Owens

Corning

4.30%,

07/15/2047

300‌

286‌

Vulcan

Materials

Co

3.50%,

06/01/2030

295‌

307‌

$

2,158‌

Chemicals

-

0.34%

Air

Products

and

Chemicals

Inc

1.85%,

05/15/2027

80‌

83‌

2.80%,

05/15/2050

155‌

162‌

Dow

Chemical

Co/The

3.50%,

10/01/2024

250‌

265‌

4.38%,

11/15/2042

610‌

671‌

9.40%,

05/15/2039

380‌

627‌

DuPont

de

Nemours

Inc

2.17%,

05/01/2023

125‌

128‌

4.21%,

11/15/2023

400‌

434‌

4.49%,

11/15/2025

250‌

283‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

9

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Chemicals

(continued)

DuPont

de

Nemours

Inc  

(continued)

5.32%,

11/15/2038

$

145‌

$

184‌

5.42%,

11/15/2048

185‌

245‌

Eastman

Chemical

Co

4.65%,

10/15/2044

75‌

84‌

Ecolab

Inc

4.80%,

03/24/2030

155‌

194‌

5.50%,

12/08/2041

200‌

265‌

LYB

International

Finance

BV

4.88%,

03/15/2044

420‌

481‌

LYB

International

Finance

II

BV

3.50%,

03/02/2027

300‌

321‌

LYB

International

Finance

III

LLC

4.20%,

10/15/2049

160‌

170‌

Mosaic

Co/The

4.25%,

11/15/2023

300‌

309‌

5.45%,

11/15/2033

500‌

508‌

5.63%,

11/15/2043

25‌

26‌

Nutrien

Ltd

1.90%,

05/13/2023

95‌

97‌

3.00%,

04/01/2025

150‌

155‌

3.63%,

03/15/2024

550‌

589‌

5.25%,

01/15/2045

300‌

362‌

Praxair

Inc

2.20%,

08/15/2022

350‌

362‌

Sherwin-Williams

Co/The

2.30%,

05/15/2030

155‌

154‌

2.95%,

08/15/2029

300‌

318‌

3.30%,

05/15/2050

155‌

155‌

3.80%,

08/15/2049

125‌

136‌

Westlake

Chemical

Corp

5.00%,

08/15/2046

350‌

346‌

$

8,114‌

Commercial

Mortgage

Backed

Securities

-

1.66%

BANK

2018-BNK13

4.22%,

08/15/2061

(i)

1,250‌

1,448‌

CFCRE

Commercial

Mortgage

Trust

2017-C8

3.57%,

06/15/2050

1,000‌

1,091‌

Citigroup

Commercial

Mortgage

Trust

2013-GC15

4.37%,

09/10/2046

(i)

500‌

540‌

Citigroup

Commercial

Mortgage

Trust

2015-GC33

3.52%,

09/10/2058

1,000‌

1,073‌

COMM

2012-CCRE2

Mortgage

Trust

3.79%,

08/15/2045

200‌

204‌

COMM

2012-CCRE4

Mortgage

Trust

3.25%,

10/15/2045

500‌

505‌

COMM

2014-CCRE15

Mortgage

Trust

4.07%,

02/10/2047

(i)

500‌

539‌

COMM

2014-CCRE20

Mortgage

Trust

3.59%,

11/10/2047

302‌

323‌

COMM

2014-LC15

Mortgage

Trust

4.20%,

04/10/2047

350‌

364‌

COMM

2014-UBS3

Mortgage

Trust

3.82%,

06/10/2047

550‌

582‌

COMM

2015-DC1

Mortgage

Trust

3.08%,

02/10/2048

500‌

523‌

COMM

2015-LC19

Mortgage

Trust

3.18%,

02/10/2048

500‌

530‌

COMM

2015-PC1

Mortgage

Trust

3.90%,

07/10/2050

885‌

961‌

COMM

2016-CR28

Mortgage

Trust

3.76%,

02/10/2049

2,000‌

2,190‌

Fannie

Mae-Aces

2.30%,

09/25/2022

(i)

314‌

321‌

2.48%,

04/25/2022

233‌

238‌

2.51%,

11/25/2022

(i)

859‌

883‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Mortgage

Backed

Securities

(continued)

Fannie

Mae-Aces  

(continued)

2.60%,

04/25/2023

(i)

$

65‌

$

67‌

2.82%,

04/25/2025

(i)

800‌

856‌

2.94%,

01/25/2026

(i)

1,601‌

1,716‌

2.98%,

12/25/2027

(i)

1,000‌

1,107‌

3.11%,

08/25/2024

(i)

901‌

968‌

3.38%,

07/25/2028

(i)

1,000‌

1,146‌

3.63%,

11/25/2028

(i)

250‌

288‌

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

2.87%,

12/25/2021

317‌

325‌

3.02%,

02/25/2023

44‌

46‌

3.06%,

07/25/2023

(i)

150‌

160‌

3.17%,

10/25/2024

1,000‌

1,098‌

3.21%,

03/25/2025

1,248‌

1,380‌

3.24%,

04/25/2027

250‌

283‌

3.30%,

04/25/2023

(i)

500‌

535‌

3.41%,

12/25/2026

2,000‌

2,280‌

3.92%,

09/25/2028

(i)

1,000‌

1,192‌

GS

Mortgage

Securities

Trust

2011-GC5

3.71%,

08/10/2044

375‌

380‌

GS

Mortgage

Securities

Trust

2013-GCJ14

4.24%,

08/10/2046

50‌

54‌

GS

Mortgage

Securities

Trust

2015-GC28

3.40%,

02/10/2048

600‌

633‌

GS

Mortgage

Securities

Trust

2016-GS2

3.05%,

05/10/2049

1,000‌

1,060‌

JPMBB

Commercial

Mortgage

Securities

Trust

2013-C14

4.41%,

08/15/2046

(i)

500‌

522‌

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

508‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2013-C11

4.15%,

08/15/2046

(i)

1,130‌

1,211‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2013-C12

4.26%,

10/15/2046

(i)

500‌

530‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2014-C15

4.05%,

04/15/2047

580‌

625‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2015-C20

3.25%,

02/15/2048

500‌

528‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2015-C21

3.15%,

03/15/2048

543‌

561‌

Morgan

Stanley

Capital

I

Trust

2017-H1

3.26%,

06/15/2050

2,000‌

2,146‌

SG

Commercial

Mortgage

Securities

Trust

2016-C5

3.06%,

10/10/2048

950‌

989‌

UBS

Commercial

Mortgage

Trust

2012-C1

3.40%,

05/10/2045

64‌

65‌

UBS

Commercial

Mortgage

Trust

2018-C12

4.30%,

08/15/2051

2,000‌

2,307‌

UBS-Barclays

Commercial

Mortgage

Trust

2012-C3

3.09%,

08/10/2049

49‌

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

53‌

53‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

10

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Mortgage

Backed

Securities

(continued)

WFRBS

Commercial

Mortgage

Trust

2013-C14

3.34%,

06/15/2046

$

500‌

$

523‌

WFRBS

Commercial

Mortgage

Trust

2014-C20

4.00%,

05/15/2047

500‌

535‌

$

39,199‌

Commercial

Services

-

0.23%

California

Institute

of

Technology

4.32%,

08/01/2045

50‌

64‌

4.70%,

11/01/2111

250‌

320‌

Global

Payments

Inc

2.65%,

02/15/2025

140‌

147‌

3.20%,

08/15/2029

140‌

148‌

4.15%,

08/15/2049

70‌

78‌

4.80%,

04/01/2026

560‌

644‌

IHS

Markit

Ltd

3.63%,

05/01/2024

223‌

233‌

Massachusetts

Institute

of

Technology

3.89%,

07/01/2116

375‌

469‌

3.96%,

07/01/2038

185‌

229‌

4.68%,

07/01/2114

100‌

144‌

Moody's

Corp

4.50%,

09/01/2022

500‌

536‌

5.25%,

07/15/2044

90‌

119‌

PayPal

Holdings

Inc

1.35%,

06/01/2023

155‌

158‌

1.65%,

06/01/2025

155‌

159‌

2.20%,

09/26/2022

145‌

150‌

2.30%,

06/01/2030

155‌

160‌

2.40%,

10/01/2024

145‌

153‌

2.85%,

10/01/2029

145‌

157‌

S&P

Global

Inc

2.50%,

12/01/2029

55‌

59‌

3.25%,

12/01/2049

55‌

59‌

4.00%,

06/15/2025

350‌

400‌

University

of

Southern

California

2.81%,

10/01/2050

675‌

694‌

5.25%,

10/01/2111

20‌

31‌

$

5,311‌

Computers

-

0.68%

Apple

Inc

0.75%,

05/11/2023

430‌

434‌

1.13%,

05/11/2025

550‌

559‌

1.65%,

05/11/2030

155‌

157‌

2.20%,

09/11/2029

180‌

193‌

2.40%,

01/13/2023

75‌

79‌

2.40%,

05/03/2023

75‌

79‌

2.45%,

08/04/2026

750‌

818‌

2.50%,

02/09/2022

105‌

109‌

2.65%,

05/11/2050

155‌

160‌

2.90%,

09/12/2027

410‌

459‌

2.95%,

09/11/2049

140‌

152‌

3.00%,

11/13/2027

300‌

338‌

3.20%,

05/11/2027

110‌

124‌

3.25%,

02/23/2026

825‌

931‌

3.35%,

02/09/2027

390‌

442‌

3.45%,

02/09/2045

375‌

433‌

3.75%,

09/12/2047

275‌

335‌

3.75%,

11/13/2047

195‌

236‌

3.85%,

05/04/2043

550‌

674‌

4.38%,

05/13/2045

80‌

105‌

4.65%,

02/23/2046

170‌

234‌

Dell

International

LLC

/

EMC

Corp

4.00%,

07/15/2024

(h)

300‌

312‌

4.42%,

06/15/2021

(h)

800‌

815‌

5.30%,

10/01/2029

(h)

300‌

326‌

5.45%,

06/15/2023

(h)

105‌

113‌

6.02%,

06/15/2026

(h)

300‌

340‌

8.10%,

07/15/2036

(h)

370‌

449‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Computers

(continued)

Dell

International

LLC

/

EMC

Corp  

(continued)

8.35%,

07/15/2046

(h)

$

245‌

$

310‌

DXC

Technology

Co

4.75%,

04/15/2027

100‌

104‌

Hewlett

Packard

Enterprise

Co

2.25%,

04/01/2023

140‌

143‌

4.45%,

10/02/2023

160‌

173‌

4.90%,

10/15/2025

200‌

224‌

6.20%,

10/15/2035

75‌

90‌

6.35%,

10/15/2045

255‌

303‌

HP

Inc

6.00%,

09/15/2041

355‌

396‌

International

Business

Machines

Corp

2.50%,

01/27/2022

500‌

517‌

2.85%,

05/13/2022

500‌

523‌

3.00%,

05/15/2024

580‌

627‌

3.30%,

05/15/2026

500‌

558‌

3.45%,

02/19/2026

800‌

894‌

3.50%,

05/15/2029

500‌

570‌

4.00%,

06/20/2042

400‌

467‌

4.15%,

05/15/2039

195‌

232‌

4.25%,

05/15/2049

290‌

358‌

4.70%,

02/19/2046

145‌

192‌

$

16,087‌

Consumer

Products

-

0.05%

Church

&

Dwight

Co

Inc

3.95%,

08/01/2047

200‌

227‌

Clorox

Co/The

1.80%,

05/15/2030

155‌

156‌

3.80%,

11/15/2021

30‌

31‌

Kimberly-Clark

Corp

2.40%,

03/01/2022

30‌

31‌

2.75%,

02/15/2026

600‌

647‌

2.88%,

02/07/2050

155‌

166‌

$

1,258‌

Cosmetics

&

Personal

Care

-

0.07%

Estee

Lauder

Cos

Inc/The

2.00%,

12/01/2024

235‌

247‌

2.38%,

12/01/2029

235‌

249‌

Procter

&

Gamble

Co/The

2.45%,

11/03/2026

75‌

82‌

2.80%,

03/25/2027

155‌

172‌

3.55%,

03/25/2040

155‌

187‌

Unilever

Capital

Corp

2.13%,

09/06/2029

500‌

523‌

2.60%,

05/05/2024

200‌

214‌

$

1,674‌

Credit

Card

Asset

Backed

Securities

-

0.22%

BA

Credit

Card

Trust

2.70%,

07/17/2023

1,675‌

1,700‌

Capital

One

Multi-Asset

Execution

Trust

2.84%,

12/15/2024

1,000‌

1,041‌

Citibank

Credit

Card

Issuance

Trust

2.88%,

01/23/2023

605‌

614‌

Discover

Card

Execution

Note

Trust

2.39%,

07/15/2024

1,150‌

1,185‌

Synchrony

Credit

Card

Master

Note

Trust

2.21%,

05/15/2024

250‌

253‌

2.97%,

03/15/2024

445‌

450‌

$

5,243‌

Distribution

&

Wholesale

-

0.01%

WW

Grainger

Inc

4.60%,

06/15/2045

200‌

246‌

Diversified

Financial

Services

-

0.84%

AerCap

Ireland

Capital

DAC

/

AerCap

Global

Aviation

Trust

2.88%,

08/14/2024

1,610‌

1,333‌

3.95%,

02/01/2022

200‌

188‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

11

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Diversified

Financial

Services

(continued)

Air

Lease

Corp

2.25%,

01/15/2023

$

195‌

$

182‌

2.30%,

02/01/2025

585‌

510‌

3.25%,

10/01/2029

385‌

322‌

Ally

Financial

Inc

8.00%,

11/01/2031

520‌

651‌

American

Express

Co

2.50%,

08/01/2022

1,075‌

1,116‌

2.50%,

07/30/2024

220‌

232‌

2.65%,

12/02/2022

75‌

78‌

2.75%,

05/20/2022

300‌

311‌

4.05%,

12/03/2042

600‌

703‌

American

Express

Credit

Corp

2.70%,

03/03/2022

75‌

78‌

Ameriprise

Financial

Inc

4.00%,

10/15/2023

775‌

858‌

BlackRock

Inc

2.40%,

04/30/2030

325‌

349‌

3.38%,

06/01/2022

30‌

32‌

Brookfield

Finance

Inc

4.85%,

03/29/2029

500‌

560‌

Brookfield

Finance

LLC

3.45%,

04/15/2050

155‌

130‌

Capital

One

Financial

Corp

3.20%,

02/05/2025

60‌

62‌

3.30%,

10/30/2024

75‌

78‌

3.50%,

06/15/2023

40‌

42‌

4.25%,

04/30/2025

1,250‌

1,362‌

4.75%,

07/15/2021

400‌

416‌

Charles

Schwab

Corp/The

3.00%,

03/10/2025

300‌

326‌

CME

Group

Inc

3.00%,

09/15/2022

50‌

53‌

3.00%,

03/15/2025

575‌

631‌

Discover

Financial

Services

4.10%,

02/09/2027

75‌

79‌

GE

Capital

International

Funding

Co

Unlimited

Co

3.37%,

11/15/2025

1,075‌

1,092‌

4.42%,

11/15/2035

1,175‌

1,174‌

Intercontinental

Exchange

Inc

2.10%,

06/15/2030

155‌

156‌

3.75%,

12/01/2025

75‌

85‌

4.00%,

10/15/2023

475‌

526‌

4.25%,

09/21/2048

105‌

128‌

Jefferies

Group

LLC

/

Jefferies

Group

Capital

Finance

Inc

4.15%,

01/23/2030

490‌

495‌

Lazard

Group

LLC

4.50%,

09/19/2028

300‌

320‌

Legg

Mason

Inc

4.75%,

03/15/2026

500‌

543‌

5.63%,

01/15/2044

25‌

30‌

Mastercard

Inc

2.00%,

03/03/2025

270‌

285‌

2.95%,

11/21/2026

300‌

332‌

3.35%,

03/26/2030

75‌

87‌

3.38%,

04/01/2024

150‌

166‌

3.85%,

03/26/2050

155‌

198‌

Private

Export

Funding

Corp

2.80%,

05/15/2022

500‌

522‌

Synchrony

Financial

4.25%,

08/15/2024

290‌

290‌

4.50%,

07/23/2025

575‌

580‌

Visa

Inc

1.90%,

04/15/2027

80‌

84‌

2.05%,

04/15/2030

155‌

162‌

2.70%,

04/15/2040

155‌

164‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Diversified

Financial

Services

(continued)

Visa

Inc  

(continued)

2.75%,

09/15/2027

$

95‌

$

105‌

2.80%,

12/14/2022

75‌

79‌

3.15%,

12/14/2025

470‌

528‌

3.65%,

09/15/2047

500‌

620‌

4.15%,

12/14/2035

305‌

394‌

$

19,827‌

Electric

-

1.98%

AEP

Texas

Inc

3.45%,

01/15/2050

50‌

53‌

3.95%,

06/01/2028

400‌

452‌

Alabama

Power

Co

4.30%,

07/15/2048

440‌

539‌

Ameren

Illinois

Co

2.70%,

09/01/2022

530‌

548‌

3.25%,

03/15/2050

75‌

80‌

American

Electric

Power

Co

Inc

2.30%,

03/01/2030

155‌

156‌

Arizona

Public

Service

Co

4.35%,

11/15/2045

400‌

465‌

Baltimore

Gas

and

Electric

Co

3.20%,

09/15/2049

315‌

334‌

Berkshire

Hathaway

Energy

Co

3.75%,

11/15/2023

750‌

822‌

3.80%,

07/15/2048

125‌

144‌

6.13%,

04/01/2036

450‌

651‌

CenterPoint

Energy

Houston

Electric

LLC

4.25%,

02/01/2049

300‌

371‌

CenterPoint

Energy

Inc

2.50%,

09/01/2024

60‌

62‌

2.95%,

03/01/2030

100‌

105‌

3.70%,

09/01/2049

60‌

63‌

Commonwealth

Edison

Co

3.00%,

03/01/2050

155‌

162‌

4.70%,

01/15/2044

150‌

194‌

Connecticut

Light

and

Power

Co/The

3.20%,

03/15/2027

140‌

154‌

Consolidated

Edison

Co

of

New

York

Inc

3.70%,

11/15/2059

80‌

88‌

3.88%,

06/15/2047

300‌

338‌

4.30%,

12/01/2056

445‌

534‌

6.75%,

04/01/2038

530‌

782‌

Consumers

Energy

Co

2.50%,

05/01/2060

155‌

146‌

3.10%,

08/15/2050

205‌

222‌

Dominion

Energy

Inc

3.38%,

04/01/2030

155‌

170‌

4.05%,

09/15/2042

500‌

543‌

Dominion

Energy

South

Carolina

Inc

5.45%,

02/01/2041

540‌

733‌

DTE

Electric

Co

2.25%,

03/01/2030

155‌

160‌

2.63%,

03/01/2031

155‌

166‌

3.70%,

03/15/2045

200‌

228‌

3.95%,

03/01/2049

300‌

362‌

DTE

Energy

Co

2.25%,

11/01/2022

145‌

150‌

Duke

Energy

Carolinas

LLC

2.45%,

08/15/2029

175‌

186‌

3.20%,

08/15/2049

200‌

217‌

4.00%,

09/30/2042

280‌

332‌

5.30%,

02/15/2040

250‌

340‌

6.00%,

12/01/2028

500‌

642‌

Duke

Energy

Corp

2.65%,

09/01/2026

90‌

96‌

3.15%,

08/15/2027

90‌

98‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

12

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Electric

(continued)

Duke

Energy

Florida

LLC

2.50%,

12/01/2029

$

125‌

$

134‌

3.20%,

01/15/2027

500‌

551‌

3.40%,

10/01/2046

200‌

222‌

Duke

Energy

Indiana

LLC

2.75%,

04/01/2050

155‌

155‌

Duke

Energy

Ohio

Inc

2.13%,

06/01/2030

155‌

159‌

Duke

Energy

Progress

LLC

3.60%,

09/15/2047

610‌

687‌

4.38%,

03/30/2044

400‌

498‌

Emera

US

Finance

LP

3.55%,

06/15/2026

300‌

326‌

4.75%,

06/15/2046

75‌

85‌

Entergy

Louisiana

LLC

3.12%,

09/01/2027

300‌

323‌

3.25%,

04/01/2028

500‌

542‌

Entergy

Texas

Inc

4.00%,

03/30/2029

300‌

342‌

Evergy

Inc

2.45%,

09/15/2024

140‌

147‌

4.85%,

06/01/2021

30‌

31‌

Evergy

Metro

Inc

2.25%,

06/01/2030

155‌

159‌

4.13%,

04/01/2049

400‌

484‌

Exelon

Corp

3.40%,

04/15/2026

1,840‌

2,041‌

3.50%,

06/01/2022

90‌

94‌

4.95%,

06/15/2035

320‌

392‌

Exelon

Generation

Co

LLC

4.25%,

06/15/2022

500‌

527‌

FirstEnergy

Corp

3.90%,

07/15/2027

735‌

821‌

4.85%,

07/15/2047

475‌

599‌

7.38%,

11/15/2031

60‌

88‌

Florida

Power

&

Light

Co

2.75%,

06/01/2023

500‌

529‌

3.15%,

10/01/2049

180‌

202‌

3.70%,

12/01/2047

70‌

84‌

4.05%,

10/01/2044

145‌

180‌

5.65%,

02/01/2037

250‌

345‌

Fortis

Inc/Canada

3.06%,

10/04/2026

310‌

332‌

Georgia

Power

Co

2.20%,

09/15/2024

140‌

146‌

3.25%,

03/30/2027

750‌

812‌

Hydro-Quebec

8.05%,

07/07/2024

530‌

678‌

Interstate

Power

and

Light

Co

2.30%,

06/01/2030

(g)

40‌

40‌

Kentucky

Utilities

Co

3.30%,

06/01/2050

(g)

155‌

162‌

MidAmerican

Energy

Co

3.15%,

04/15/2050

145‌

156‌

3.65%,

04/15/2029

300‌

356‌

Mississippi

Power

Co

4.25%,

03/15/2042

30‌

33‌

National

Rural

Utilities

Cooperative

Finance

Corp

2.40%,

03/15/2030

430‌

448‌

2.85%,

01/27/2025

100‌

109‌

3.05%,

02/15/2022

530‌

549‌

Nevada

Power

Co

2.40%,

05/01/2030

445‌

468‌

NextEra

Energy

Capital

Holdings

Inc

2.25%,

06/01/2030

250‌

256‌

2.40%,

09/01/2021

765‌

783‌

2.75%,

11/01/2029

105‌

113‌

3.55%,

05/01/2027

475‌

534‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Electric

(continued)

NextEra

Energy

Capital

Holdings

Inc  

(continued)

5.65%,

05/01/2079

(f)

$

350‌

$

379‌

3

Month

USD

LIBOR

+

3.16%

Northern

States

Power

Co/MN

2.90%,

03/01/2050

70‌

74‌

5.35%,

11/01/2039

30‌

41‌

NSTAR

Electric

Co

2.38%,

10/15/2022

500‌

518‌

3.20%,

05/15/2027

300‌

333‌

Oncor

Electric

Delivery

Co

LLC

3.10%,

09/15/2049

195‌

211‌

5.25%,

09/30/2040

530‌

716‌

PacifiCorp

6.00%,

01/15/2039

500‌

704‌

PECO

Energy

Co

2.38%,

09/15/2022

330‌

339‌

3.70%,

09/15/2047

297‌

352‌

4.15%,

10/01/2044

400‌

490‌

Potomac

Electric

Power

Co

3.60%,

03/15/2024

30‌

33‌

PPL

Capital

Funding

Inc

3.50%,

12/01/2022

700‌

732‌

PPL

Electric

Utilities

Corp

3.00%,

10/01/2049

70‌

73‌

3.95%,

06/01/2047

300‌

355‌

Progress

Energy

Inc

3.15%,

04/01/2022

40‌

41‌

PSEG

Power

LLC

8.63%,

04/15/2031

300‌

413‌

Public

Service

Co

of

Colorado

2.70%,

01/15/2051

95‌

96‌

3.70%,

06/15/2028

200‌

229‌

3.80%,

06/15/2047

400‌

465‌

Public

Service

Electric

and

Gas

Co

2.45%,

01/15/2030

155‌

164‌

3.15%,

01/01/2050

155‌

170‌

3.25%,

09/01/2023

200‌

216‌

3.65%,

09/01/2028

200‌

231‌

Puget

Energy

Inc

6.00%,

09/01/2021

500‌

526‌

Puget

Sound

Energy

Inc

3.25%,

09/15/2049

350‌

368‌

San

Diego

Gas

&

Electric

Co

3.32%,

04/15/2050

155‌

165‌

4.50%,

08/15/2040

350‌

420‌

Sempra

Energy

4.00%,

02/01/2048

70‌

78‌

6.00%,

10/15/2039

394‌

522‌

Southern

California

Edison

Co

2.25%,

06/01/2030

155‌

154‌

2.85%,

08/01/2029

100‌

104‌

3.65%,

02/01/2050

310‌

326‌

4.00%,

04/01/2047

70‌

77‌

4.65%,

10/01/2043

415‌

485‌

5.50%,

03/15/2040

350‌

455‌

5.95%,

02/01/2038

30‌

39‌

Southern

Co/The

2.35%,

07/01/2021

430‌

437‌

2.95%,

07/01/2023

105‌

111‌

4.40%,

07/01/2046

400‌

473‌

Southern

Power

Co

2.50%,

12/15/2021

300‌

308‌

4.95%,

12/15/2046

300‌

317‌

Southwestern

Electric

Power

Co

3.85%,

02/01/2048

300‌

318‌

4.10%,

09/15/2028

500‌

564‌

6.20%,

03/15/2040

390‌

527‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

13

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Electric

(continued)

Southwestern

Public

Service

Co

4.50%,

08/15/2041

$

300‌

$

362‌

Tampa

Electric

Co

4.45%,

06/15/2049

300‌

380‌

Union

Electric

Co

3.65%,

04/15/2045

500‌

564‌

Virginia

Electric

and

Power

Co

3.15%,

01/15/2026

775‌

857‌

3.30%,

12/01/2049

(e)

560‌

623‌

WEC

Energy

Group

Inc

3.55%,

06/15/2025

70‌

77‌

Wisconsin

Electric

Power

Co

2.05%,

12/15/2024

500‌

519‌

Xcel

Energy

Inc

2.60%,

12/01/2029

140‌

146‌

4.00%,

06/15/2028

300‌

346‌

$

46,633‌

Electronics

-

0.07%

Arrow

Electronics

Inc

4.50%,

03/01/2023

30‌

32‌

Honeywell

International

Inc

1.35%,

06/01/2025

80‌

81‌

1.95%,

06/01/2030

315‌

323‌

2.15%,

08/08/2022

70‌

73‌

2.30%,

08/15/2024

595‌

632‌

2.70%,

08/15/2029

70‌

77‌

2.80%,

06/01/2050

155‌

163‌

Roper

Technologies

Inc

2.35%,

09/15/2024

90‌

93‌

2.95%,

09/15/2029

75‌

80‌

Tyco

Electronics

Group

SA

7.13%,

10/01/2037

37‌

55‌

$

1,609‌

Environmental

Control

-

0.11%

Republic

Services

Inc

2.30%,

03/01/2030

85‌

87‌

2.50%,

08/15/2024

515‌

545‌

2.90%,

07/01/2026

535‌

580‌

Waste

Management

Inc

3.50%,

05/15/2024

1,000‌

1,091‌

4.15%,

07/15/2049

155‌

190‌

$

2,493‌

Finance

-

Mortgage

Loan/Banker

-

0.76%

Fannie

Mae

1.38%,

09/06/2022

300‌

308‌

2.00%,

01/05/2022

500‌

514‌

2.13%,

04/24/2026

1,000‌

1,087‌

2.25%,

04/12/2022

500‌

519‌

2.50%,

02/05/2024

500‌

540‌

2.63%,

01/11/2022

500‌

519‌

2.63%,

09/06/2024

1,550‌

1,697‌

5.63%,

07/15/2037

65‌

105‌

6.63%,

11/15/2030

500‌

776‌

7.13%,

01/15/2030

250‌

390‌

7.25%,

05/15/2030

249‌

396‌

Federal

Home

Loan

Banks

1.13%,

07/14/2021

950‌

960‌

1.88%,

11/29/2021

1,250‌

1,282‌

2.50%,

02/13/2024

1,900‌

2,048‌

3.00%,

10/12/2021

1,500‌

1,558‌

3.25%,

11/16/2028

(e)

1,000‌

1,191‌

5.50%,

07/15/2036

530‌

827‌

5.63%,

06/11/2021

65‌

69‌

Freddie

Mac

2.38%,

01/13/2022

1,250‌

1,294‌

2.75%,

06/19/2023

1,000‌

1,076‌

6.25%,

07/15/2032

500‌

787‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Finance

-

Mortgage

Loan/Banker

(continued)

Freddie

Mac  

(continued)

6.75%,

03/15/2031

$

43‌

$

68‌

$

18,011‌

Food

-

0.34%

Campbell

Soup

Co

3.95%,

03/15/2025

565‌

627‌

4.15%,

03/15/2028

185‌

212‌

Conagra

Brands

Inc

4.30%,

05/01/2024

500‌

551‌

4.85%,

11/01/2028

140‌

166‌

5.30%,

11/01/2038

85‌

108‌

5.40%,

11/01/2048

85‌

113‌

General

Mills

Inc

3.15%,

12/15/2021

30‌

31‌

3.70%,

10/17/2023

475‌

518‌

4.00%,

04/17/2025

75‌

85‌

4.20%,

04/17/2028

150‌

175‌

Hershey

Co/The

1.70%,

06/01/2030

(g)

155‌

156‌

2.65%,

06/01/2050

(g)

185‌

188‌

JM

Smucker

Co/The

3.00%,

03/15/2022

300‌

308‌

4.25%,

03/15/2035

300‌

347‌

Kellogg

Co

2.10%,

06/01/2030

(g)

155‌

155‌

2.65%,

12/01/2023

384‌

405‌

Koninklijke

Ahold

Delhaize

NV

5.70%,

10/01/2040

9‌

12‌

Kroger

Co/The

2.95%,

11/01/2021

500‌

515‌

3.95%,

01/15/2050

420‌

472‌

4.45%,

02/01/2047

25‌

30‌

5.15%,

08/01/2043

300‌

384‌

5.40%,

07/15/2040

30‌

39‌

Mondelez

International

Inc

2.13%,

04/13/2023

230‌

238‌

2.75%,

04/13/2030

185‌

195‌

Sysco

Corp

2.40%,

02/15/2030

285‌

266‌

3.30%,

07/15/2026

500‌

515‌

Tyson

Foods

Inc

3.55%,

06/02/2027

75‌

84‌

4.35%,

03/01/2029

675‌

800‌

4.88%,

08/15/2034

350‌

423‌

$

8,118‌

Forest

Products

&

Paper

-

0.10%

Fibria

Overseas

Finance

Ltd

5.50%,

01/17/2027

300‌

310‌

Georgia-Pacific

LLC

7.75%,

11/15/2029

20‌

29‌

8.00%,

01/15/2024

400‌

491‌

International

Paper

Co

3.65%,

06/15/2024

250‌

274‌

4.40%,

08/15/2047

350‌

391‌

7.30%,

11/15/2039

326‌

461‌

Suzano

Austria

GmbH

5.00%,

01/15/2030

350‌

344‌

$

2,300‌

Gas

-

0.11%

Atmos

Energy

Corp

3.38%,

09/15/2049

145‌

162‌

4.13%,

10/15/2044

250‌

301‌

Dominion

Energy

Gas

Holdings

LLC

2.50%,

11/15/2024

150‌

156‌

4.60%,

12/15/2044

200‌

215‌

NiSource

Inc

3.60%,

05/01/2030

160‌

181‌

4.38%,

05/15/2047

630‌

750‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

14

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Gas

(continued)

Southern

California

Gas

Co

2.55%,

02/01/2030

$

155‌

$

165‌

Washington

Gas

Light

Co

3.80%,

09/15/2046

500‌

551‌

$

2,481‌

Hand

&

Machine

Tools

-

0.04%

Snap-on

Inc

3.25%,

03/01/2027

500‌

538‌

Stanley

Black

&

Decker

Inc

2.30%,

03/15/2030

155‌

159‌

3.40%,

12/01/2021

250‌

258‌

$

955‌

Healthcare

-

Products

-

0.27%

Abbott

Laboratories

4.75%,

04/15/2043

300‌

398‌

4.90%,

11/30/2046

400‌

564‌

Baxter

International

Inc

2.60%,

08/15/2026

400‌

431‌

Boston

Scientific

Corp

1.90%,

06/01/2025

155‌

158‌

2.65%,

06/01/2030

155‌

161‌

Danaher

Corp

4.38%,

09/15/2045

300‌

369‌

DH

Europe

Finance

II

Sarl

2.05%,

11/15/2022

150‌

155‌

2.60%,

11/15/2029

150‌

158‌

3.25%,

11/15/2039

150‌

164‌

Koninklijke

Philips

NV

5.00%,

03/15/2042

30‌

37‌

Medtronic

Inc

3.50%,

03/15/2025

394‌

446‌

4.38%,

03/15/2035

222‌

283‌

4.63%,

03/15/2045

86‌

116‌

Stryker

Corp

3.38%,

11/01/2025

75‌

84‌

3.50%,

03/15/2026

575‌

647‌

4.38%,

05/15/2044

25‌

31‌

Thermo

Fisher

Scientific

Inc

2.60%,

10/01/2029

145‌

156‌

2.95%,

09/19/2026

300‌

329‌

4.13%,

03/25/2025

155‌

176‌

4.15%,

02/01/2024

600‌

668‌

Zimmer

Biomet

Holdings

Inc

3.15%,

04/01/2022

275‌

284‌

3.55%,

04/01/2025

575‌

619‌

$

6,434‌

Healthcare

-

Services

-

0.65%

Advocate

Health

&

Hospitals

Corp

3.83%,

08/15/2028

300‌

338‌

Aetna

Inc

2.75%,

11/15/2022

250‌

259‌

2.80%,

06/15/2023

50‌

52‌

3.88%,

08/15/2047

60‌

66‌

6.63%,

06/15/2036

253‌

354‌

6.75%,

12/15/2037

205‌

290‌

AHS

Hospital

Corp

5.02%,

07/01/2045

400‌

513‌

Anthem

Inc

2.88%,

09/15/2029

220‌

238‌

3.13%,

05/15/2050

75‌

77‌

3.50%,

08/15/2024

450‌

492‌

3.65%,

12/01/2027

360‌

408‌

4.10%,

03/01/2028

255‌

296‌

4.38%,

12/01/2047

300‌

365‌

4.65%,

01/15/2043

30‌

37‌

4.65%,

08/15/2044

500‌

623‌

Baylor

Scott

&

White

Holdings

4.19%,

11/15/2045

125‌

158‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Healthcare

-

Services

(continued)

Duke

University

Health

System

Inc

3.92%,

06/01/2047

$

300‌

$

369‌

HCA

Inc

4.75%,

05/01/2023

500‌

541‌

5.25%,

06/15/2026

970‌

1,103‌

Humana

Inc

3.13%,

08/15/2029

70‌

75‌

4.50%,

04/01/2025

155‌

175‌

4.63%,

12/01/2042

500‌

614‌

Kaiser

Foundation

Hospitals

3.27%,

11/01/2049

225‌

244‌

Laboratory

Corp

of

America

Holdings

2.30%,

12/01/2024

300‌

313‌

2.95%,

12/01/2029

300‌

316‌

4.70%,

02/01/2045

250‌

302‌

Memorial

Sloan-Kettering

Cancer

Center

4.13%,

07/01/2052

150‌

187‌

4.20%,

07/01/2055

250‌

314‌

Northwell

Healthcare

Inc

3.98%,

11/01/2046

500‌

506‌

Partners

Healthcare

System

Inc

3.19%,

07/01/2049

310‌

316‌

Providence

St

Joseph

Health

Obligated

Group

3.74%,

10/01/2047

250‌

285‌

Quest

Diagnostics

Inc

2.95%,

06/30/2030

155‌

163‌

Trinity

Health

Corp

4.13%,

12/01/2045

250‌

289‌

UnitedHealth

Group

Inc

1.25%,

01/15/2026

155‌

157‌

2.00%,

05/15/2030

155‌

160‌

2.38%,

08/15/2024

250‌

265‌

2.75%,

05/15/2040

155‌

162‌

2.88%,

03/15/2023

250‌

266‌

2.88%,

08/15/2029

150‌

167‌

2.90%,

05/15/2050

155‌

161‌

3.10%,

03/15/2026

250‌

278‌

3.50%,

08/15/2039

375‌

433‌

3.70%,

08/15/2049

300‌

355‌

3.75%,

07/15/2025

440‌

503‌

4.25%,

06/15/2048

110‌

140‌

4.45%,

12/15/2048

95‌

125‌

4.75%,

07/15/2045

500‌

671‌

6.50%,

06/15/2037

500‌

760‌

$

15,281‌

Home

Furnishings

-

0.01%

Leggett

&

Platt

Inc

4.40%,

03/15/2029

250‌

262‌

Insurance

-

0.81%

Aflac

Inc

3.63%,

11/15/2024

300‌

335‌

Alleghany

Corp

4.90%,

09/15/2044

325‌

367‌

Allstate

Corp/The

3.28%,

12/15/2026

335‌

372‌

5.35%,

06/01/2033

350‌

470‌

American

International

Group

Inc

3.75%,

07/10/2025

75‌

82‌

3.90%,

04/01/2026

500‌

550‌

4.20%,

04/01/2028

485‌

540‌

4.25%,

03/15/2029

300‌

333‌

4.38%,

01/15/2055

300‌

325‌

4.50%,

07/16/2044

75‌

84‌

4.88%,

06/01/2022

955‌

1,027‌

5.75%,

04/01/2048

(f)

400‌

406‌

3

Month

USD

LIBOR

+

2.87%

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

15

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Insurance

(continued)

Aon

Corp

2.20%,

11/15/2022

$

60‌

$

62‌

2.80%,

05/15/2030

155‌

163‌

Aon

PLC

3.50%,

06/14/2024

250‌

270‌

4.75%,

05/15/2045

270‌

335‌

Athene

Holding

Ltd

4.13%,

01/12/2028

575‌

557‌

AXA

SA

8.60%,

12/15/2030

30‌

42‌

Berkshire

Hathaway

Finance

Corp

1.85%,

03/12/2030

80‌

82‌

4.20%,

08/15/2048

180‌

224‌

5.75%,

01/15/2040

25‌

36‌

Berkshire

Hathaway

Inc

2.75%,

03/15/2023

60‌

64‌

3.13%,

03/15/2026

275‌

307‌

3.75%,

08/15/2021

750‌

784‌

4.50%,

02/11/2043

350‌

460‌

Brown

&

Brown

Inc

4.50%,

03/15/2029

300‌

313‌

Chubb

Corp/The

6.50%,

05/15/2038

326‌

478‌

Chubb

INA

Holdings

Inc

2.70%,

03/13/2023

300‌

316‌

CNA

Financial

Corp

5.75%,

08/15/2021

40‌

42‌

Equitable

Holdings

Inc

4.35%,

04/20/2028

140‌

150‌

5.00%,

04/20/2048

90‌

93‌

First

American

Financial

Corp

4.60%,

11/15/2024

300‌

319‌

Hartford

Financial

Services

Group

Inc/The

3.60%,

08/19/2049

140‌

144‌

Lincoln

National

Corp

3.40%,

01/15/2031

450‌

469‌

Manulife

Financial

Corp

4.15%,

03/04/2026

300‌

342‌

Marsh

&

McLennan

Cos

Inc

4.38%,

03/15/2029

1,275‌

1,509‌

4.90%,

03/15/2049

110‌

147‌

MetLife

Inc

3.60%,

11/13/2025

400‌

453‌

4.05%,

03/01/2045

450‌

516‌

4.13%,

08/13/2042

250‌

287‌

4.60%,

05/13/2046

195‌

243‌

4.88%,

11/13/2043

50‌

64‌

6.40%,

12/15/2066

430‌

498‌

3

Month

USD

LIBOR

+

2.21%

Progressive

Corp/The

3.20%,

03/26/2030

155‌

173‌

3.75%,

08/23/2021

30‌

31‌

4.20%,

03/15/2048

400‌

518‌

4.35%,

04/25/2044

30‌

38‌

Prudential

Financial

Inc

2.10%,

03/10/2030

(e)

155‌

155‌

3.70%,

03/13/2051

185‌

195‌

3.91%,

12/07/2047

570‌

607‌

4.35%,

02/25/2050

565‌

651‌

5.20%,

03/15/2044

(f)

400‌

403‌

3

Month

USD

LIBOR

+

3.04%

5.70%,

12/14/2036

280‌

368‌

Reinsurance

Group

of

America

Inc

4.70%,

09/15/2023

30‌

32‌

Travelers

Cos

Inc/The

4.00%,

05/30/2047

560‌

685‌

Voya

Financial

Inc

3.65%,

06/15/2026

335‌

360‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Insurance

(continued)

Willis

North

America

Inc

2.95%,

09/15/2029

$

50‌

$

51‌

3.88%,

09/15/2049

140‌

150‌

$

19,077‌

Internet

-

0.27%

Alibaba

Group

Holding

Ltd

3.40%,

12/06/2027

260‌

288‌

3.60%,

11/28/2024

1,325‌

1,440‌

4.40%,

12/06/2057

240‌

302‌

Amazon.com

Inc

2.50%,

11/29/2022

75‌

79‌

2.80%,

08/22/2024

75‌

82‌

3.15%,

08/22/2027

485‌

550‌

3.80%,

12/05/2024

75‌

85‌

3.88%,

08/22/2037

1,005‌

1,231‌

4.25%,

08/22/2057

75‌

104‌

4.80%,

12/05/2034

350‌

474‌

Baidu

Inc

3.08%,

04/07/2025

200‌

208‌

4.13%,

06/30/2025

650‌

708‌

eBay

Inc

1.90%,

03/11/2025

155‌

156‌

2.60%,

07/15/2022

450‌

464‌

3.45%,

08/01/2024

60‌

65‌

4.00%,

07/15/2042

20‌

21‌

$

6,257‌

Iron

&

Steel

-

0.06%

Nucor

Corp

2.00%,

06/01/2025

155‌

158‌

4.00%,

08/01/2023

250‌

270‌

Steel

Dynamics

Inc

2.80%,

12/15/2024

75‌

76‌

Vale

Overseas

Ltd

6.25%,

08/10/2026

200‌

229‌

6.88%,

11/10/2039

550‌

689‌

$

1,422‌

Leisure

Products

&

Services

-

0.01%

Harley-Davidson

Inc

3.50%,

07/28/2025

300‌

303‌

Lodging

-

0.08%

Las

Vegas

Sands

Corp

3.20%,

08/08/2024

140‌

136‌

3.50%,

08/18/2026

70‌

67‌

3.90%,

08/08/2029

140‌

133‌

Marriott

International

Inc/MD

2.30%,

01/15/2022

350‌

345‌

Sands

China

Ltd

5.13%,

08/08/2025

1,185‌

1,247‌

$

1,928‌

Machinery

-

Construction

&

Mining

-

0.11%

Caterpillar

Financial

Services

Corp

1.70%,

08/09/2021

250‌

253‌

1.90%,

09/06/2022

360‌

370‌

1.93%,

10/01/2021

500‌

507‌

1.95%,

11/18/2022

580‌

599‌

Caterpillar

Inc

2.60%,

04/09/2030

160‌

173‌

3.25%,

09/19/2049

145‌

161‌

3.40%,

05/15/2024

500‌

549‌

3.80%,

08/15/2042

50‌

59‌

$

2,671‌

Machinery

-

Diversified

-

0.17%

Deere

&

Co

2.88%,

09/07/2049

140‌

146‌

3.10%,

04/15/2030

155‌

176‌

3.90%,

06/09/2042

500‌

613‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

16

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Machinery

-

Diversified

(continued)

Dover

Corp

5.38%,

03/01/2041

$

30‌

$

37‌

John

Deere

Capital

Corp

1.20%,

04/06/2023

115‌

117‌

1.95%,

06/13/2022

865‌

890‌

2.05%,

01/09/2025

(e)

155‌

163‌

2.80%,

03/06/2023

500‌

530‌

2.80%,

07/18/2029

255‌

281‌

3.35%,

06/12/2024

300‌

328‌

Otis

Worldwide

Corp

2.06%,

04/05/2025

(h)

155‌

159‌

2.57%,

02/15/2030

(h)

155‌

157‌

3.36%,

02/15/2050

(h)

155‌

156‌

Westinghouse

Air

Brake

Technologies

Corp

4.95%,

09/15/2028

300‌

315‌

$

4,068‌

Media

-

1.04%

Charter

Communications

Operating

LLC

/

Charter

Communications

Operating

Capital

2.80%,

04/01/2031

110‌

110‌

3.70%,

04/01/2051

110‌

105‌

4.46%,

07/23/2022

1,075‌

1,144‌

4.80%,

03/01/2050

260‌

290‌

4.91%,

07/23/2025

70‌

80‌

5.38%,

04/01/2038

50‌

60‌

5.38%,

05/01/2047

575‌

682‌

5.75%,

04/01/2048

280‌

344‌

6.38%,

10/23/2035

805‌

1,054‌

Comcast

Cable

Communications

Holdings

Inc

9.46%,

11/15/2022

20‌

24‌

Comcast

Corp

2.35%,

01/15/2027

155‌

164‌

2.65%,

02/01/2030

115‌

122‌

2.75%,

03/01/2023

50‌

53‌

2.85%,

01/15/2023

25‌

27‌

3.10%,

04/01/2025

155‌

169‌

3.13%,

07/15/2022

610‌

645‌

3.15%,

03/01/2026

75‌

83‌

3.15%,

02/15/2028

365‌

401‌

3.25%,

11/01/2039

230‌

252‌

3.38%,

02/15/2025

635‌

704‌

3.38%,

08/15/2025

300‌

333‌

3.45%,

02/01/2050

470‌

524‌

3.55%,

05/01/2028

225‌

255‌

3.75%,

04/01/2040

455‌

519‌

3.90%,

03/01/2038

290‌

339‌

3.97%,

11/01/2047

105‌

124‌

4.00%,

03/01/2048

200‌

238‌

4.00%,

11/01/2049

205‌

243‌

4.05%,

11/01/2052

90‌

108‌

4.15%,

10/15/2028

545‌

645‌

4.50%,

01/15/2043

25‌

31‌

4.60%,

08/15/2045

270‌

342‌

4.65%,

07/15/2042

75‌

95‌

4.70%,

10/15/2048

570‌

743‌

5.65%,

06/15/2035

500‌

706‌

6.40%,

03/01/2040

500‌

735‌

6.45%,

03/15/2037

620‌

906‌

Discovery

Communications

LLC

2.95%,

03/20/2023

40‌

42‌

3.63%,

05/15/2030

60‌

63‌

3.95%,

06/15/2025

350‌

378‌

3.95%,

03/20/2028

500‌

539‌

5.00%,

09/20/2037

30‌

33‌

5.20%,

09/20/2047

385‌

428‌

6.35%,

06/01/2040

40‌

49‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Media

(continued)

Fox

Corp

3.05%,

04/07/2025

$

40‌

$

43‌

4.03%,

01/25/2024

300‌

330‌

4.71%,

01/25/2029

435‌

509‌

5.48%,

01/25/2039

110‌

141‌

5.58%,

01/25/2049

140‌

188‌

Grupo

Televisa

SAB

5.00%,

05/13/2045

300‌

315‌

NBCUniversal

Media

LLC

2.88%,

01/15/2023

10‌

11‌

Thomson

Reuters

Corp

3.35%,

05/15/2026

400‌

424‌

5.85%,

04/15/2040

30‌

37‌

Time

Warner

Cable

LLC

4.00%,

09/01/2021

55‌

56‌

4.50%,

09/15/2042

665‌

713‌

5.88%,

11/15/2040

400‌

492‌

6.55%,

05/01/2037

50‌

64‌

7.30%,

07/01/2038

60‌

80‌

Time

Warner

Entertainment

Co

LP

8.38%,

07/15/2033

20‌

29‌

TWDC

Enterprises

18

Corp

2.75%,

08/16/2021

35‌

36‌

7.00%,

03/01/2032

30‌

43‌

ViacomCBS

Inc

4.20%,

06/01/2029

300‌

320‌

4.20%,

05/19/2032

505‌

528‌

4.38%,

03/15/2043

400‌

382‌

4.85%,

07/01/2042

300‌

297‌

7.88%,

07/30/2030

30‌

41‌

Walt

Disney

Co/The

1.75%,

01/13/2026

440‌

452‌

2.00%,

09/01/2029

250‌

253‌

2.20%,

01/13/2028

155‌

162‌

2.65%,

01/13/2031

300‌

319‌

2.75%,

09/01/2049

285‌

277‌

3.35%,

03/24/2025

380‌

419‌

3.38%,

11/15/2026

170‌

190‌

3.50%,

05/13/2040

155‌

170‌

3.60%,

01/13/2051

155‌

172‌

3.70%,

03/23/2027

380‌

431‌

4.63%,

03/23/2040

760‌

947‌

4.75%,

11/15/2046

390‌

510‌

6.40%,

12/15/2035

179‌

264‌

$

24,576‌

Metal

Fabrication

&

Hardware

-

0.01%

Precision

Castparts

Corp

3.25%,

06/15/2025

75‌

83‌

3.90%,

01/15/2043

193‌

214‌

$

297‌

Mining

-

0.15%

Barrick

North

America

Finance

LLC

5.75%,

05/01/2043

280‌

385‌

BHP

Billiton

Finance

USA

Ltd

4.13%,

02/24/2042

170‌

208‌

5.00%,

09/30/2043

525‌

730‌

Newmont

Corp

2.25%,

10/01/2030

410‌

406‌

3.63%,

06/09/2021

30‌

31‌

3.70%,

03/15/2023

66‌

68‌

6.25%,

10/01/2039

100‌

139‌

Rio

Tinto

Alcan

Inc

5.75%,

06/01/2035

400‌

569‌

6.13%,

12/15/2033

30‌

42‌

Rio

Tinto

Finance

USA

Ltd

3.75%,

06/15/2025

75‌

86‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

17

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Mining

(continued)

Southern

Copper

Corp

3.88%,

04/23/2025

$

500‌

$

533‌

5.88%,

04/23/2045

350‌

423‌

$

3,620‌

Miscellaneous

Manufacturers

-

0.31%

3M

Co

1.75%,

02/14/2023

585‌

606‌

2.00%,

02/14/2025

340‌

356‌

2.38%,

08/26/2029

990‌

1,049‌

3.25%,

08/26/2049

100‌

111‌

Eaton

Corp

2.75%,

11/02/2022

520‌

544‌

4.15%,

11/02/2042

95‌

112‌

General

Electric

Co

3.10%,

01/09/2023

75‌

77‌

3.15%,

09/07/2022

500‌

512‌

3.45%,

05/01/2027

80‌

79‌

3.63%,

05/01/2030

140‌

138‌

4.13%,

10/09/2042

3‌

3‌

4.25%,

05/01/2040

80‌

78‌

4.35%,

05/01/2050

145‌

142‌

5.88%,

01/14/2038

420‌

469‌

6.15%,

08/07/2037

435‌

498‌

6.75%,

03/15/2032

310‌

371‌

Illinois

Tool

Works

Inc

2.65%,

11/15/2026

90‌

100‌

3.50%,

03/01/2024

540‌

592‌

Ingersoll-Rand

Luxembourg

Finance

SA

3.50%,

03/21/2026

250‌

269‌

Parker-Hannifin

Corp

3.30%,

11/21/2024

300‌

320‌

3.50%,

09/15/2022

30‌

31‌

4.10%,

03/01/2047

335‌

379‌

Textron

Inc

4.00%,

03/15/2026

500‌

515‌

$

7,351‌

Oil

&

Gas

-

1.27%

BP

Capital

Markets

America

Inc

2.94%,

04/06/2023

130‌

137‌

3.00%,

02/24/2050

155‌

151‌

3.12%,

05/04/2026

110‌

120‌

3.19%,

04/06/2025

215‌

234‌

3.25%,

05/06/2022

640‌

668‌

3.54%,

04/06/2027

215‌

236‌

3.59%,

04/14/2027

200‌

222‌

3.79%,

02/06/2024

435‌

473‌

BP

Capital

Markets

PLC

2.50%,

11/06/2022

75‌

78‌

3.28%,

09/19/2027

115‌

125‌

3.51%,

03/17/2025

75‌

83‌

3.72%,

11/28/2028

380‌

427‌

Canadian

Natural

Resources

Ltd

3.80%,

04/15/2024

470‌

495‌

6.25%,

03/15/2038

400‌

452‌

Chevron

Corp

1.14%,

05/11/2023

535‌

545‌

1.55%,

05/11/2025

535‌

549‌

2.00%,

05/11/2027

155‌

162‌

2.24%,

05/11/2030

155‌

163‌

2.98%,

05/11/2040

40‌

43‌

3.08%,

05/11/2050

155‌

168‌

3.33%,

11/17/2025

165‌

185‌

CNOOC

Finance

2013

Ltd

2.88%,

09/30/2029

200‌

210‌

CNOOC

Finance

2014

ULC

4.25%,

04/30/2024

500‌

548‌

Concho

Resources

Inc

4.88%,

10/01/2047

175‌

193‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Oil

&

Gas

(continued)

ConocoPhillips

6.50%,

02/01/2039

$

490‌

$

709‌

ConocoPhillips

Co

4.95%,

03/15/2026

500‌

595‌

ConocoPhillips

Holding

Co

6.95%,

04/15/2029

400‌

550‌

Devon

Energy

Corp

5.00%,

06/15/2045

75‌

67‌

5.60%,

07/15/2041

570‌

529‌

Diamondback

Energy

Inc

2.88%,

12/01/2024

150‌

146‌

3.25%,

12/01/2026

150‌

146‌

Ecopetrol

SA

5.88%,

09/18/2023

390‌

422‌

5.88%,

05/28/2045

400‌

416‌

EOG

Resources

Inc

2.63%,

03/15/2023

480‌

500‌

4.15%,

01/15/2026

500‌

568‌

Equinor

ASA

1.75%,

01/22/2026

155‌

158‌

2.88%,

04/06/2025

155‌

167‌

3.00%,

04/06/2027

155‌

168‌

3.15%,

01/23/2022

1,800‌

1,864‌

3.25%,

11/18/2049

190‌

200‌

3.63%,

04/06/2040

155‌

174‌

Exxon

Mobil

Corp

1.57%,

04/15/2023

235‌

242‌

1.90%,

08/16/2022

400‌

412‌

2.02%,

08/16/2024

200‌

209‌

2.28%,

08/16/2026

400‌

428‌

2.61%,

10/15/2030

315‌

334‌

2.99%,

03/19/2025

315‌

344‌

3.00%,

08/16/2039

150‌

156‌

3.10%,

08/16/2049

450‌

468‌

3.45%,

04/15/2051

155‌

171‌

4.23%,

03/19/2040

315‌

383‌

Hess

Corp

4.30%,

04/01/2027

300‌

302‌

7.13%,

03/15/2033

21‌

23‌

7.30%,

08/15/2031

349‌

375‌

HollyFrontier

Corp

5.88%,

04/01/2026

500‌

542‌

Husky

Energy

Inc

4.00%,

04/15/2024

500‌

500‌

Marathon

Oil

Corp

2.80%,

11/01/2022

75‌

73‌

3.85%,

06/01/2025

500‌

474‌

4.40%,

07/15/2027

300‌

278‌

Marathon

Petroleum

Corp

3.63%,

09/15/2024

145‌

151‌

5.00%,

09/15/2054

200‌

193‌

Newfield

Exploration

Co

5.63%,

07/01/2024

300‌

273‌

Nexen

Inc

6.40%,

05/15/2037

730‌

1,015‌

7.50%,

07/30/2039

39‌

61‌

Noble

Energy

Inc

3.25%,

10/15/2029

290‌

252‌

4.20%,

10/15/2049

570‌

463‌

Phillips

66

3.85%,

04/09/2025

95‌

104‌

4.30%,

04/01/2022

75‌

80‌

4.88%,

11/15/2044

400‌

498‌

5.88%,

05/01/2042

30‌

41‌

Shell

International

Finance

BV

2.00%,

11/07/2024

150‌

156‌

2.38%,

04/06/2025

105‌

112‌

2.38%,

11/07/2029

150‌

157‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

18

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Oil

&

Gas

(continued)

Shell

International

Finance

BV  

(continued)

2.75%,

04/06/2030

$

105‌

$

114‌

2.88%,

05/10/2026

155‌

169‌

3.13%,

11/07/2049

150‌

155‌

3.25%,

05/11/2025

355‌

392‌

3.25%,

04/06/2050

105‌

112‌

3.50%,

11/13/2023

235‌

256‌

3.88%,

11/13/2028

235‌

272‌

4.13%,

05/11/2035

335‌

411‌

4.38%,

05/11/2045

575‌

711‌

6.38%,

12/15/2038

410‌

629‌

Suncor

Energy

Inc

2.80%,

05/15/2023

155‌

159‌

4.00%,

11/15/2047

450‌

462‌

6.80%,

05/15/2038

364‌

450‌

6.85%,

06/01/2039

73‌

94‌

Total

Capital

International

SA

2.22%,

07/12/2021

500‌

507‌

2.83%,

01/10/2030

130‌

139‌

3.13%,

05/29/2050

155‌

157‌

3.46%,

02/19/2029

500‌

557‌

3.46%,

07/12/2049

75‌

81‌

Valero

Energy

Corp

4.00%,

04/01/2029

585‌

645‌

6.63%,

06/15/2037

60‌

78‌

7.50%,

04/15/2032

60‌

79‌

$

29,945‌

Oil

&

Gas

Services

-

0.10%

Baker

Hughes

a

GE

Co

LLC

/

Baker

Hughes

Co-

Obligor

Inc

2.77%,

12/15/2022

75‌

78‌

3.14%,

11/07/2029

150‌

151‌

3.34%,

12/15/2027

135‌

140‌

Halliburton

Co

3.25%,

11/15/2021

530‌

537‌

3.80%,

11/15/2025

14‌

15‌

4.85%,

11/15/2035

400‌

405‌

5.00%,

11/15/2045

230‌

229‌

7.45%,

09/15/2039

26‌

32‌

National

Oilwell

Varco

Inc

2.60%,

12/01/2022

135‌

133‌

3.60%,

12/01/2029

150‌

140‌

3.95%,

12/01/2042

400‌

308‌

Schlumberger

Investment

SA

3.65%,

12/01/2023

75‌

79‌

$

2,247‌

Packaging

&

Containers

-

0.04%

Packaging

Corp

of

America

3.00%,

12/15/2029

300‌

315‌

4.05%,

12/15/2049

150‌

175‌

WRKCo

Inc

4.90%,

03/15/2029

400‌

461‌

$

951‌

Pharmaceuticals

-

1.77%

AbbVie

Inc

2.15%,

11/19/2021

(h)

300‌

305‌

2.30%,

11/21/2022

(h)

300‌

309‌

2.60%,

11/21/2024

(h)

445‌

468‌

2.85%,

05/14/2023

40‌

42‌

2.90%,

11/06/2022

550‌

576‌

2.95%,

11/21/2026

(h)

300‌

322‌

3.20%,

05/14/2026

390‌

423‌

3.20%,

11/21/2029

(h)

745‌

805‌

3.60%,

05/14/2025

170‌

187‌

3.80%,

03/15/2025

(h)

395‌

436‌

3.85%,

06/15/2024

(h)

90‌

98‌

4.05%,

11/21/2039

(h)

375‌

419‌

4.25%,

11/14/2028

140‌

163‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pharmaceuticals

(continued)

AbbVie

Inc  

(continued)

4.25%,

11/21/2049

(h)

$

595‌

$

684‌

4.30%,

05/14/2036

280‌

321‌

4.40%,

11/06/2042

25‌

29‌

4.45%,

05/14/2046

270‌

313‌

4.50%,

05/14/2035

245‌

289‌

4.55%,

03/15/2035

(h)

170‌

199‌

4.70%,

05/14/2045

320‌

382‌

4.75%,

03/15/2045

(h)

300‌

358‌

4.85%,

06/15/2044

(h)

30‌

36‌

4.88%,

11/14/2048

170‌

212‌

AmerisourceBergen

Corp

3.40%,

05/15/2024

30‌

32‌

AstraZeneca

PLC

2.38%,

06/12/2022

830‌

857‌

3.38%,

11/16/2025

180‌

201‌

4.00%,

01/17/2029

400‌

474‌

4.00%,

09/18/2042

300‌

367‌

4.38%,

08/17/2048

60‌

79‌

6.45%,

09/15/2037

30‌

45‌

Becton

Dickinson

and

Co

2.82%,

05/20/2030

155‌

164‌

3.73%,

12/15/2024

731‌

803‌

4.67%,

06/06/2047

155‌

193‌

4.69%,

12/15/2044

59‌

72‌

Bristol-Myers

Squibb

Co

2.90%,

07/26/2024

(h)

520‌

561‌

3.25%,

02/20/2023

(h)

85‌

91‌

3.25%,

08/01/2042

515‌

584‌

3.40%,

07/26/2029

(h)

455‌

522‌

3.45%,

11/15/2027

(h)

90‌

103‌

3.88%,

08/15/2025

(h)

790‌

897‌

3.90%,

02/20/2028

(h)

130‌

151‌

4.13%,

06/15/2039

(h)

195‌

246‌

4.25%,

10/26/2049

(h)

360‌

474‌

4.35%,

11/15/2047

(h)

210‌

272‌

4.55%,

02/20/2048

(h)

220‌

294‌

5.00%,

08/15/2045

(h)

305‌

422‌

Cardinal

Health

Inc

3.41%,

06/15/2027

400‌

444‌

4.60%,

03/15/2043

430‌

456‌

Cigna

Corp

2.40%,

03/15/2030

155‌

160‌

3.20%,

03/15/2040

155‌

163‌

3.40%,

09/17/2021

100‌

103‌

3.75%,

07/15/2023

403‌

438‌

3.88%,

10/15/2047

(h)

185‌

208‌

4.13%,

11/15/2025

170‌

193‌

4.38%,

10/15/2028

300‌

352‌

4.80%,

08/15/2038

170‌

213‌

4.80%,

07/15/2046

(h)

500‌

624‌

4.90%,

12/15/2048

395‌

518‌

CVS

Health

Corp

2.13%,

06/01/2021

35‌

35‌

2.63%,

08/15/2024

140‌

148‌

2.75%,

12/01/2022

750‌

782‌

2.88%,

06/01/2026

1,560‌

1,668‌

3.00%,

08/15/2026

105‌

114‌

3.25%,

08/15/2029

140‌

151‌

3.50%,

07/20/2022

860‌

906‌

3.70%,

03/09/2023

530‌

568‌

3.88%,

07/20/2025

60‌

67‌

4.00%,

12/05/2023

50‌

54‌

4.10%,

03/25/2025

75‌

84‌

4.30%,

03/25/2028

1,150‌

1,314‌

5.05%,

03/25/2048

770‌

988‌

5.13%,

07/20/2045

430‌

546‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

19

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pharmaceuticals

(continued)

Eli

Lilly

and

Co

2.25%,

05/15/2050

$

740‌

$

698‌

GlaxoSmithKline

Capital

Inc

3.38%,

05/15/2023

190‌

205‌

3.63%,

05/15/2025

85‌

97‌

3.88%,

05/15/2028

165‌

194‌

6.38%,

05/15/2038

430‌

649‌

GlaxoSmithKline

Capital

PLC

2.88%,

06/01/2022

500‌

522‌

Johnson

&

Johnson

2.45%,

03/01/2026

225‌

246‌

2.90%,

01/15/2028

110‌

124‌

2.95%,

03/03/2027

110‌

122‌

3.40%,

01/15/2038

500‌

583‌

3.50%,

01/15/2048

140‌

170‌

3.55%,

03/01/2036

750‌

882‌

3.70%,

03/01/2046

90‌

112‌

5.95%,

08/15/2037

75‌

114‌

McKesson

Corp

4.88%,

03/15/2044

80‌

97‌

Mead

Johnson

Nutrition

Co

4.60%,

06/01/2044

30‌

36‌

Merck

&

Co

Inc

2.35%,

02/10/2022

50‌

52‌

2.80%,

05/18/2023

75‌

80‌

3.70%,

02/10/2045

875‌

1,064‌

3.90%,

03/07/2039

385‌

478‌

4.00%,

03/07/2049

170‌

219‌

Mylan

NV

3.15%,

06/15/2021

535‌

545‌

3.95%,

06/15/2026

530‌

577‌

5.25%,

06/15/2046

305‌

353‌

Novartis

Capital

Corp

2.00%,

02/14/2027

310‌

328‌

2.20%,

08/14/2030

155‌

164‌

2.75%,

08/14/2050

155‌

162‌

3.00%,

11/20/2025

125‌

139‌

4.40%,

05/06/2044

530‌

705‌

Pfizer

Inc

0.80%,

05/28/2025

100‌

100‌

1.70%,

05/28/2030

100‌

100‌

1.95%,

06/03/2021

200‌

203‌

2.55%,

05/28/2040

100‌

101‌

2.63%,

04/01/2030

155‌

169‌

2.70%,

05/28/2050

100‌

101‌

2.95%,

03/15/2024

300‌

330‌

3.00%,

12/15/2026

500‌

570‌

3.40%,

05/15/2024

100‌

112‌

3.45%,

03/15/2029

170‌

197‌

4.00%,

12/15/2036

45‌

54‌

4.00%,

03/15/2049

195‌

247‌

4.13%,

12/15/2046

575‌

721‌

4.20%,

09/15/2048

80‌

103‌

4.30%,

06/15/2043

225‌

287‌

4.40%,

05/15/2044

75‌

98‌

7.20%,

03/15/2039

60‌

98‌

Shire

Acquisitions

Investments

Ireland

DAC

3.20%,

09/23/2026

300‌

331‌

Wyeth

LLC

5.95%,

04/01/2037

60‌

87‌

6.50%,

02/01/2034

525‌

798‌

Zoetis

Inc

2.00%,

05/15/2030

85‌

86‌

3.00%,

05/15/2050

40‌

41‌

3.25%,

02/01/2023

540‌

564‌

$

41,792‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pipelines

-

0.92%

Boardwalk

Pipelines

LP

3.38%,

02/01/2023

$

30‌

$

29‌

Cheniere

Corpus

Christi

Holdings

LLC

3.70%,

11/15/2029

(h)

300‌

298‌

Enbridge

Energy

Partners

LP

7.38%,

10/15/2045

70‌

97‌

7.50%,

04/15/2038

350‌

472‌

Enbridge

Inc

2.50%,

01/15/2025

150‌

154‌

3.13%,

11/15/2029

150‌

154‌

4.25%,

12/01/2026

75‌

83‌

Energy

Transfer

Operating

LP

2.90%,

05/15/2025

310‌

309‌

3.75%,

05/15/2030

155‌

153‌

4.05%,

03/15/2025

300‌

315‌

4.20%,

04/15/2027

300‌

305‌

4.90%,

03/15/2035

500‌

487‌

5.30%,

04/15/2047

410‌

402‌

6.25%,

04/15/2049

155‌

168‌

6.50%,

02/01/2042

425‌

480‌

Energy

Transfer

Partners

LP

/

Regency

Energy

Finance

Corp

5.00%,

10/01/2022

350‌

364‌

Enterprise

Products

Operating

LLC

2.80%,

01/31/2030

365‌

380‌

3.70%,

02/15/2026

400‌

440‌

3.70%,

01/31/2051

650‌

662‌

4.15%,

10/16/2028

500‌

569‌

4.25%,

02/15/2048

250‌

271‌

4.45%,

02/15/2043

350‌

376‌

4.85%,

08/15/2042

400‌

451‌

6.88%,

03/01/2033

39‌

49‌

Kinder

Morgan

Energy

Partners

LP

3.50%,

09/01/2023

390‌

412‌

3.95%,

09/01/2022

600‌

631‌

4.70%,

11/01/2042

20‌

22‌

6.38%,

03/01/2041

480‌

599‌

6.95%,

01/15/2038

383‌

512‌

Kinder

Morgan

Inc

3.15%,

01/15/2023

1,100‌

1,147‌

5.05%,

02/15/2046

300‌

347‌

Magellan

Midstream

Partners

LP

3.95%,

03/01/2050

550‌

544‌

MPLX

LP

4.13%,

03/01/2027

140‌

145‌

4.25%,

12/01/2027

300‌

314‌

4.50%,

04/15/2038

200‌

198‌

4.88%,

12/01/2024

500‌

530‌

4.90%,

04/15/2058

165‌

159‌

5.20%,

12/01/2047

300‌

325‌

5.50%,

02/15/2049

130‌

148‌

ONEOK

Inc

2.20%,

09/15/2025

155‌

148‌

2.75%,

09/01/2024

375‌

371‌

3.40%,

09/01/2029

350‌

324‌

4.45%,

09/01/2049

500‌

461‌

Plains

All

American

Pipeline

LP

/

PAA

Finance

Corp

3.55%,

12/15/2029

470‌

444‌

4.50%,

12/15/2026

500‌

507‌

4.70%,

06/15/2044

30‌

27‌

6.65%,

01/15/2037

500‌

516‌

Sabine

Pass

Liquefaction

LLC

4.20%,

03/15/2028

75‌

79‌

5.00%,

03/15/2027

375‌

416‌

5.63%,

03/01/2025

75‌

84‌

5.88%,

06/30/2026

665‌

764‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

20

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pipelines

(continued)

Spectra

Energy

Partners

LP

4.75%,

03/15/2024

$

105‌

$

116‌

5.95%,

09/25/2043

400‌

493‌

Sunoco

Logistics

Partners

Operations

LP

5.40%,

10/01/2047

400‌

397‌

TransCanada

PipeLines

Ltd

4.88%,

05/15/2048

190‌

236‌

7.25%,

08/15/2038

525‌

739‌

Williams

Cos

Inc/The

3.60%,

03/15/2022

500‌

514‌

3.75%,

06/15/2027

45‌

48‌

3.90%,

01/15/2025

500‌

535‌

4.00%,

09/15/2025

50‌

54‌

5.10%,

09/15/2045

740‌

828‌

6.30%,

04/15/2040

30‌

36‌

$

21,638‌

Private

Equity

-

0.01%

Brookfield

Asset

Management

Inc

4.00%,

01/15/2025

300‌

321‌

Regional

Authority

-

0.34%

Province

of

Alberta

Canada

1.00%,

05/20/2025

310‌

311‌

3.30%,

03/15/2028

700‌

807‌

Province

of

British

Columbia

Canada

2.00%,

10/23/2022

500‌

519‌

2.65%,

09/22/2021

400‌

412‌

6.50%,

01/15/2026

45‌

59‌

Province

of

Manitoba

Canada

2.60%,

04/16/2024

1,000‌

1,072‌

3.05%,

05/14/2024

30‌

33‌

Province

of

Ontario

Canada

1.75%,

01/24/2023

315‌

325‌

2.00%,

10/02/2029

(e)

700‌

746‌

2.50%,

09/10/2021

500‌

512‌

3.20%,

05/16/2024

865‌

948‌

3.40%,

10/17/2023

210‌

230‌

Province

of

Quebec

Canada

1.35%,

05/28/2030

315‌

317‌

1.50%,

02/11/2025

440‌

455‌

2.75%,

08/25/2021

540‌

555‌

2.88%,

10/16/2024

500‌

547‌

7.50%,

09/15/2029

36‌

55‌

$

7,903‌

REITs

-

0.75%

Alexandria

Real

Estate

Equities

Inc

2.75%,

12/15/2029

70‌

72‌

3.38%,

08/15/2031

420‌

456‌

3.90%,

06/15/2023

750‌

801‌

4.00%,

02/01/2050

70‌

79‌

4.90%,

12/15/2030

80‌

97‌

American

Campus

Communities

Operating

Partnership

LP

2.85%,

02/01/2030

160‌

139‌

American

Tower

Corp

2.90%,

01/15/2030

155‌

163‌

3.38%,

10/15/2026

670‌

735‌

3.50%,

01/31/2023

75‌

80‌

3.70%,

10/15/2049

145‌

161‌

4.70%,

03/15/2022

50‌

53‌

AvalonBay

Communities

Inc

2.30%,

03/01/2030

155‌

158‌

4.15%,

07/01/2047

300‌

360‌

Boston

Properties

LP

2.75%,

10/01/2026

350‌

361‌

2.90%,

03/15/2030

485‌

493‌

3.65%,

02/01/2026

375‌

403‌

Brixmor

Operating

Partnership

LP

3.65%,

06/15/2024

400‌

397‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

REITs

(continued)

Crown

Castle

International

Corp

3.10%,

11/15/2029

$

125‌

$

132‌

3.20%,

09/01/2024

75‌

80‌

3.30%,

07/01/2030

155‌

167‌

3.70%,

06/15/2026

510‌

565‌

4.00%,

11/15/2049

95‌

106‌

5.25%,

01/15/2023

500‌

551‌

CubeSmart

LP

4.38%,

12/15/2023

30‌

32‌

Duke

Realty

LP

2.88%,

11/15/2029

75‌

79‌

Equinix

Inc

2.63%,

11/18/2024

150‌

158‌

3.20%,

11/18/2029

130‌

139‌

5.38%,

05/15/2027

175‌

188‌

ERP

Operating

LP

2.50%,

02/15/2030

305‌

312‌

Essex

Portfolio

LP

3.00%,

01/15/2030

140‌

145‌

4.00%,

03/01/2029

300‌

328‌

Federal

Realty

Investment

Trust

4.50%,

12/01/2044

300‌

318‌

GLP

Capital

LP

/

GLP

Financing

II

Inc

4.00%,

01/15/2030

140‌

122‌

5.25%,

06/01/2025

400‌

402‌

Healthpeak

Properties

Inc

3.00%,

01/15/2030

240‌

233‌

3.88%,

08/15/2024

200‌

213‌

4.20%,

03/01/2024

200‌

210‌

4.25%,

11/15/2023

75‌

79‌

Highwoods

Realty

LP

3.20%,

06/15/2021

30‌

30‌

Kimco

Realty

Corp

2.70%,

03/01/2024

300‌

297‌

3.70%,

10/01/2049

30‌

25‌

Mid-America

Apartments

LP

3.60%,

06/01/2027

500‌

534‌

National

Retail

Properties

Inc

3.60%,

12/15/2026

300‌

307‌

4.80%,

10/15/2048

200‌

196‌

Office

Properties

Income

Trust

4.00%,

07/15/2022

300‌

296‌

Omega

Healthcare

Investors

Inc

4.75%,

01/15/2028

400‌

394‌

4.95%,

04/01/2024

30‌

31‌

Prologis

LP

2.13%,

04/15/2027

240‌

248‌

2.25%,

04/15/2030

260‌

267‌

3.00%,

04/15/2050

180‌

181‌

Realty

Income

Corp

3.25%,

10/15/2022

500‌

522‌

4.13%,

10/15/2026

20‌

22‌

Simon

Property

Group

LP

2.00%,

09/13/2024

150‌

145‌

2.45%,

09/13/2029

275‌

252‌

2.75%,

02/01/2023

250‌

253‌

3.25%,

09/13/2049

340‌

276‌

4.75%,

03/15/2042

164‌

168‌

UDR

Inc

3.20%,

01/15/2030

145‌

152‌

4.00%,

10/01/2025

200‌

213‌

Ventas

Realty

LP

3.00%,

01/15/2030

260‌

240‌

3.75%,

05/01/2024

500‌

502‌

4.88%,

04/15/2049

300‌

287‌

5.70%,

09/30/2043

225‌

238‌

VEREIT

Operating

Partnership

LP

3.10%,

12/15/2029

365‌

313‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

21

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

REITs

(continued)

Welltower

Inc

3.63%,

03/15/2024

$

120‌

$

123‌

4.00%,

06/01/2025

75‌

78‌

4.13%,

03/15/2029

300‌

309‌

4.25%,

04/15/2028

400‌

417‌

Weyerhaeuser

Co

7.38%,

03/15/2032

530‌

701‌

$

17,584‌

Retail

-

0.74%

AutoZone

Inc

3.13%,

04/21/2026

500‌

538‌

3.75%,

06/01/2027

300‌

325‌

Costco

Wholesale

Corp

1.38%,

06/20/2027

155‌

158‌

1.60%,

04/20/2030

155‌

156‌

1.75%,

04/20/2032

155‌

156‌

2.30%,

05/18/2022

200‌

207‌

3.00%,

05/18/2027

300‌

344‌

Dollar

Tree

Inc

4.20%,

05/15/2028

130‌

147‌

Home

Depot

Inc/The

2.70%,

04/01/2023

50‌

53‌

2.95%,

06/15/2029

60‌

66‌

3.13%,

12/15/2049

235‌

254‌

3.75%,

02/15/2024

500‌

554‌

3.90%,

06/15/2047

800‌

967‌

4.25%,

04/01/2046

670‌

845‌

5.88%,

12/16/2036

330‌

479‌

Kohl's

Corp

4.25%,

07/17/2025

300‌

272‌

Lowe's

Cos

Inc

2.50%,

04/15/2026

90‌

96‌

3.10%,

05/03/2027

160‌

174‌

3.38%,

09/15/2025

50‌

55‌

3.65%,

04/05/2029

135‌

152‌

3.70%,

04/15/2046

20‌

22‌

4.00%,

04/15/2025

155‌

175‌

4.05%,

05/03/2047

650‌

746‌

4.38%,

09/15/2045

500‌

587‌

4.55%,

04/05/2049

135‌

168‌

5.00%,

04/15/2040

155‌

198‌

McDonald's

Corp

1.45%,

09/01/2025

155‌

158‌

2.13%,

03/01/2030

155‌

157‌

2.63%,

09/01/2029

140‌

146‌

3.25%,

06/10/2024

175‌

193‌

3.50%,

07/01/2027

310‌

347‌

3.63%,

09/01/2049

520‌

567‌

3.70%,

01/30/2026

150‌

168‌

3.70%,

02/15/2042

300‌

331‌

4.88%,

12/09/2045

340‌

430‌

Nordstrom

Inc

5.00%,

01/15/2044

300‌

203‌

O'Reilly

Automotive

Inc

3.55%,

03/15/2026

500‌

554‌

Starbucks

Corp

1.30%,

05/07/2022

185‌

187‌

2.00%,

03/12/2027

355‌

362‌

3.55%,

08/15/2029

305‌

337‌

4.45%,

08/15/2049

300‌

351‌

Target

Corp

2.35%,

02/15/2030

320‌

340‌

3.63%,

04/15/2046

300‌

361‌

3.90%,

11/15/2047

60‌

75‌

Walgreens

Boots

Alliance

Inc

4.80%,

11/18/2044

630‌

675‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Retail

(continued)

Walmart

Inc

2.35%,

12/15/2022

$

220‌

$

231‌

2.95%,

09/24/2049

1,550‌

1,713‌

3.05%,

07/08/2026

600‌

671‌

3.25%,

07/08/2029

155‌

180‌

3.70%,

06/26/2028

255‌

302‌

3.95%,

06/28/2038

195‌

241‌

5.25%,

09/01/2035

40‌

57‌

5.63%,

04/01/2040

40‌

59‌

5.63%,

04/15/2041

60‌

91‌

$

17,381‌

Semiconductors

-

0.57%

Applied

Materials

Inc

1.75%,

06/01/2030

155‌

155‌

4.35%,

04/01/2047

45‌

58‌

5.85%,

06/15/2041

500‌

734‌

Broadcom

Corp

/

Broadcom

Cayman

Finance

Ltd

3.88%,

01/15/2027

650‌

685‌

Broadcom

Inc

2.25%,

11/15/2023

(h)

195‌

197‌

3.15%,

11/15/2025

(h)

590‌

612‌

3.63%,

10/15/2024

(h)

415‌

440‌

4.15%,

11/15/2030

(h)

590‌

618‌

4.30%,

11/15/2032

(h)

395‌

417‌

4.75%,

04/15/2029

(h)

355‌

391‌

Intel

Corp

2.45%,

11/15/2029

300‌

322‌

2.60%,

05/19/2026

775‌

847‌

2.88%,

05/11/2024

105‌

114‌

3.15%,

05/11/2027

150‌

168‌

3.25%,

11/15/2049

305‌

338‌

3.30%,

10/01/2021

550‌

572‌

3.40%,

03/25/2025

155‌

174‌

3.73%,

12/08/2047

105‌

123‌

3.75%,

03/25/2027

155‌

180‌

4.60%,

03/25/2040

155‌

202‌

4.90%,

07/29/2045

600‌

832‌

KLA

Corp

4.10%,

03/15/2029

300‌

347‌

Lam

Research

Corp

1.90%,

06/15/2030

155‌

156‌

2.88%,

06/15/2050

235‌

239‌

Micron

Technology

Inc

4.19%,

02/15/2027

405‌

448‌

4.64%,

02/06/2024

300‌

330‌

4.66%,

02/15/2030

405‌

457‌

NVIDIA

Corp

2.20%,

09/16/2021

300‌

306‌

3.20%,

09/16/2026

500‌

562‌

NXP

BV

/

NXP

Funding

LLC

/

NXP

USA

Inc

3.15%,

05/01/2027

(h)

80‌

82‌

QUALCOMM

Inc

2.60%,

01/30/2023

310‌

325‌

3.25%,

05/20/2027

420‌

468‌

3.45%,

05/20/2025

215‌

239‌

4.65%,

05/20/2035

195‌

251‌

4.80%,

05/20/2045

110‌

140‌

Texas

Instruments

Inc

1.38%,

03/12/2025

155‌

159‌

1.75%,

05/04/2030

50‌

51‌

2.25%,

05/01/2023

400‌

423‌

4.15%,

05/15/2048

165‌

217‌

$

13,379‌

Software

-

0.67%

Adobe

Inc

1.90%,

02/01/2025

310‌

328‌

2.30%,

02/01/2030

155‌

166‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

22

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Software

(continued)

Fiserv

Inc

3.50%,

10/01/2022

$

30‌

$

32‌

3.50%,

07/01/2029

300‌

331‌

3.85%,

06/01/2025

2,205‌

2,457‌

Microsoft

Corp

1.55%,

08/08/2021

35‌

35‌

3.30%,

02/06/2027

140‌

161‌

3.45%,

08/08/2036

640‌

756‌

3.50%,

02/12/2035

700‌

851‌

3.70%,

08/08/2046

1,475‌

1,838‌

3.95%,

08/08/2056

170‌

223‌

4.00%,

02/12/2055

120‌

157‌

4.10%,

02/06/2037

280‌

356‌

4.20%,

11/03/2035

360‌

473‌

4.45%,

11/03/2045

207‌

284‌

Oracle

Corp

1.90%,

09/15/2021

80‌

81‌

2.40%,

09/15/2023

75‌

79‌

2.50%,

10/15/2022

75‌

79‌

2.50%,

04/01/2025

155‌

165‌

2.63%,

02/15/2023

370‌

390‌

2.65%,

07/15/2026

930‌

1,008‌

2.80%,

07/08/2021

500‌

513‌

2.80%,

04/01/2027

155‌

168‌

2.95%,

11/15/2024

85‌

92‌

2.95%,

05/15/2025

105‌

114‌

2.95%,

04/01/2030

155‌

170‌

3.25%,

11/15/2027

375‌

419‌

3.40%,

07/08/2024

550‌

604‌

3.60%,

04/01/2040

155‌

172‌

3.60%,

04/01/2050

155‌

173‌

3.80%,

11/15/2037

485‌

552‌

3.85%,

07/15/2036

900‌

1,043‌

3.90%,

05/15/2035

130‌

154‌

4.00%,

11/15/2047

75‌

88‌

4.30%,

07/08/2034

75‌

92‌

4.38%,

05/15/2055

150‌

190‌

4.50%,

07/08/2044

50‌

62‌

5.38%,

07/15/2040

550‌

747‌

6.13%,

07/08/2039

60‌

88‌

$

15,691‌

Sovereign

-

1.65%

Canada

Government

International

Bond

1.63%,

01/22/2025

360‌

379‌

2.63%,

01/25/2022

500‌

519‌

Chile

Government

International

Bond

2.45%,

01/31/2031

435‌

443‌

2.55%,

01/27/2032

200‌

204‌

3.86%,

06/21/2047

500‌

568‌

Colombia

Government

International

Bond

2.63%,

03/15/2023

500‌

502‌

3.00%,

01/30/2030

315‌

315‌

5.00%,

06/15/2045

750‌

851‌

5.20%,

05/15/2049

400‌

471‌

5.63%,

02/26/2044

500‌

604‌

7.38%,

09/18/2037

220‌

301‌

10.38%,

01/28/2033

100‌

153‌

Export

Development

Canada

1.38%,

02/24/2023

250‌

257‌

2.00%,

05/17/2022

1,000‌

1,032‌

2.63%,

02/21/2024

300‌

324‌

Export-Import

Bank

of

Korea

1.88%,

10/21/2021

350‌

355‌

3.25%,

11/10/2025

1,000‌

1,109‌

5.00%,

04/11/2022

500‌

536‌

Hungary

Government

International

Bond

5.38%,

03/25/2024

650‌

734‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Sovereign

(continued)

Indonesia

Government

International

Bond

2.85%,

02/14/2030

$

250‌

$

255‌

3.70%,

10/30/2049

(e)

200‌

205‌

4.20%,

10/15/2050

800‌

886‌

4.75%,

02/11/2029

300‌

347‌

Israel

Government

AID

Bond

5.50%,

09/18/2023

65‌

76‌

5.50%,

04/26/2024

65‌

78‌

5.50%,

09/18/2033

110‌

163‌

Israel

Government

International

Bond

4.00%,

06/30/2022

850‌

903‌

Japan

Bank

for

International

Cooperation

0.63%,

05/22/2023

200‌

200‌

1.63%,

10/17/2022

200‌

205‌

1.75%,

01/23/2023

1,000‌

1,029‌

1.88%,

07/21/2026

664‌

699‌

2.13%,

02/10/2025

1,300‌

1,378‌

2.38%,

04/20/2026

500‌

542‌

3.00%,

05/29/2024

(e)

300‌

327‌

Korea

International

Bond

2.75%,

01/19/2027

250‌

272‌

3.88%,

09/20/2048

500‌

679‌

Mexico

Government

International

Bond

3.25%,

04/16/2030

200‌

197‌

3.63%,

03/15/2022

570‌

591‌

3.75%,

01/11/2028

225‌

232‌

3.90%,

04/27/2025

600‌

632‌

4.13%,

01/21/2026

500‌

532‌

4.50%,

04/22/2029

500‌

540‌

4.50%,

01/31/2050

200‌

206‌

4.60%,

01/23/2046

500‌

519‌

4.60%,

02/10/2048

300‌

309‌

4.75%,

03/08/2044

610‌

637‌

5.75%,

10/12/2110

500‌

541‌

6.05%,

01/11/2040

500‌

606‌

Panama

Government

International

Bond

3.16%,

01/23/2030

200‌

210‌

3.75%,

03/16/2025

950‌

1,019‌

4.50%,

05/15/2047

500‌

592‌

4.50%,

04/16/2050

200‌

237‌

Peruvian

Government

International

Bond

5.63%,

11/18/2050

400‌

622‌

8.75%,

11/21/2033

350‌

581‌

Philippine

Government

International

Bond

3.00%,

02/01/2028

300‌

323‌

3.70%,

03/01/2041

900‌

1,028‌

7.75%,

01/14/2031

740‌

1,100‌

10.63%,

03/16/2025

600‌

835‌

Republic

of

Italy

Government

International

Bond

2.38%,

10/17/2024

200‌

199‌

2.88%,

10/17/2029

200‌

195‌

5.38%,

06/15/2033

850‌

1,043‌

6.88%,

09/27/2023

350‌

404‌

Republic

of

Poland

Government

International

Bond

5.00%,

03/23/2022

500‌

535‌

State

of

Israel

2.50%,

01/15/2030

400‌

426‌

3.38%,

01/15/2050

400‌

422‌

Svensk

Exportkredit

AB

2.88%,

03/14/2023

1,200‌

1,278‌

Tennessee

Valley

Authority

3.50%,

12/15/2042

100‌

123‌

4.25%,

09/15/2065

150‌

227‌

4.63%,

09/15/2060

300‌

476‌

5.25%,

09/15/2039

250‌

369‌

5.38%,

04/01/2056

61‌

107‌

5.88%,

04/01/2036

525‌

810‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

23

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Sovereign

(continued)

Tennessee

Valley

Authority  

(continued)

6.75%,

11/01/2025

$

57‌

$

76‌

Tunisia

Government

AID

Bonds

1.42%,

08/05/2021

250‌

248‌

Ukraine

Government

AID

Bonds

1.47%,

09/29/2021

250‌

254‌

Uruguay

Government

International

Bond

4.13%,

11/20/2045

386‌

428‌

4.38%,

10/27/2027

360‌

403‌

5.10%,

06/18/2050

200‌

245‌

7.63%,

03/21/2036

400‌

589‌

$

38,847‌

Supranational

Bank

-

1.62%

African

Development

Bank

2.38%,

09/23/2021

515‌

528‌

3.00%,

09/20/2023

600‌

651‌

Asian

Development

Bank

1.75%,

06/08/2021

3,000‌

3,043‌

1.75%,

09/13/2022

750‌

774‌

1.75%,

09/19/2029

(e)

750‌

806‌

2.13%,

11/24/2021

(e)

800‌

820‌

2.13%,

03/19/2025

300‌

323‌

2.38%,

08/10/2027

500‌

558‌

2.75%,

03/17/2023

670‌

714‌

2.75%,

01/19/2028

(e)

130‌

149‌

5.82%,

06/16/2028

39‌

53‌

Corp

Andina

de

Fomento

3.25%,

02/11/2022

1,000‌

1,021‌

4.38%,

06/15/2022

559‌

585‌

Council

Of

Europe

Development

Bank

1.38%,

02/27/2025

310‌

322‌

European

Bank

for

Reconstruction

&

Development

1.63%,

09/27/2024

350‌

367‌

1.88%,

02/23/2022

500‌

513‌

European

Investment

Bank

1.63%,

03/14/2025

2,315‌

2,438‌

1.88%,

02/10/2025

250‌

266‌

2.25%,

03/15/2022

500‌

518‌

2.25%,

06/24/2024

2,440‌

2,621‌

2.38%,

05/24/2027

650‌

724‌

2.50%,

03/15/2023

440‌

466‌

2.63%,

05/20/2022

1,000‌

1,046‌

2.88%,

12/15/2021

600‌

623‌

4.88%,

02/15/2036

500‌

748‌

FMS

Wertmanagement

2.00%,

08/01/2022

800‌

828‌

2.75%,

01/30/2024

1,310‌

1,420‌

Inter-American

Development

Bank

1.75%,

03/14/2025

580‌

614‌

2.13%,

01/18/2022

500‌

515‌

2.13%,

01/15/2025

500‌

537‌

2.38%,

07/07/2027

750‌

835‌

2.50%,

01/18/2023

1,830‌

1,933‌

3.13%,

09/18/2028

300‌

353‌

4.38%,

01/24/2044

50‌

77‌

International

Bank

for

Reconstruction

&

Development

1.38%,

09/20/2021

320‌

324‌

1.63%,

01/15/2025

470‌

494‌

1.75%,

10/23/2029

720‌

777‌

1.88%,

10/07/2022

4,125‌

4,275‌

2.25%,

06/24/2021

750‌

764‌

2.50%,

07/29/2025

270‌

297‌

3.00%,

09/27/2023

300‌

326‌

7.63%,

01/19/2023

933‌

1,110‌

International

Finance

Corp

2.13%,

04/07/2026

1,000‌

1,088‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Supranational

Bank

(continued)

Nordic

Investment

Bank

1.38%,

10/17/2022

$

800‌

$

819‌

$

38,063‌

Telecommunications

-

1.37%

America

Movil

SAB

de

CV

3.63%,

04/22/2029

735‌

803‌

6.13%,

03/30/2040

450‌

619‌

AT&T

Inc

2.30%,

06/01/2027

470‌

477‌

2.75%,

06/01/2031

315‌

318‌

2.95%,

07/15/2026

580‌

611‌

3.00%,

06/30/2022

90‌

93‌

3.20%,

03/01/2022

265‌

274‌

3.50%,

06/01/2041

315‌

318‌

3.55%,

06/01/2024

500‌

539‌

3.65%,

06/01/2051

155‌

157‌

3.90%,

03/11/2024

500‌

541‌

3.95%,

01/15/2025

500‌

548‌

4.10%,

02/15/2028

575‌

638‌

4.13%,

02/17/2026

350‌

390‌

4.30%,

02/15/2030

337‌

383‌

4.35%,

03/01/2029

500‌

567‌

4.35%,

06/15/2045

725‌

808‌

4.50%,

05/15/2035

1,100‌

1,238‌

4.50%,

03/09/2048

735‌

833‌

4.55%,

03/09/2049

500‌

569‌

4.75%,

05/15/2046

90‌

105‌

4.85%,

03/01/2039

900‌

1,051‌

4.85%,

07/15/2045

500‌

574‌

5.15%,

11/15/2046

405‌

495‌

5.25%,

03/01/2037

75‌

92‌

5.35%,

09/01/2040

54‌

67‌

5.55%,

08/15/2041

75‌

94‌

6.38%,

03/01/2041

75‌

103‌

British

Telecommunications

PLC

9.62%,

12/15/2030

600‌

954‌

Cisco

Systems

Inc

1.85%,

09/20/2021

750‌

764‌

2.50%,

09/20/2026

315‌

349‌

2.95%,

02/28/2026

300‌

336‌

5.50%,

01/15/2040

60‌

87‌

Deutsche

Telekom

International

Finance

BV

8.75%,

06/15/2030

765‌

1,157‌

Juniper

Networks

Inc

4.35%,

06/15/2025

200‌

216‌

Orange

SA

4.13%,

09/14/2021

30‌

31‌

5.38%,

01/13/2042

30‌

42‌

9.00%,

03/01/2031

500‌

815‌

Rogers

Communications

Inc

3.70%,

11/15/2049

190‌

211‌

5.00%,

03/15/2044

200‌

259‌

7.50%,

08/15/2038

250‌

375‌

Telefonica

Emisiones

SA

5.21%,

03/08/2047

500‌

608‌

7.05%,

06/20/2036

530‌

761‌

Telefonica

Europe

BV

8.25%,

09/15/2030

350‌

526‌

T-Mobile

USA

Inc

3.50%,

04/15/2025

(h)

155‌

166‌

3.75%,

04/15/2027

(h)

315‌

337‌

3.88%,

04/15/2030

(h)

315‌

341‌

4.38%,

04/15/2040

(h)

155‌

171‌

4.50%,

04/15/2050

(h)

315‌

356‌

Verizon

Communications

Inc

2.63%,

08/15/2026

500‌

538‌

2.95%,

03/15/2022

358‌

374‌

3.13%,

03/16/2022

255‌

268‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

24

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Telecommunications

(continued)

Verizon

Communications

Inc  

(continued)

3.50%,

11/01/2024

$

1,000‌

$

1,100‌

3.85%,

11/01/2042

90‌

106‌

3.88%,

02/08/2029

880‌

1,022‌

4.33%,

09/21/2028

60‌

72‌

4.40%,

11/01/2034

580‌

713‌

4.52%,

09/15/2048

631‌

824‌

4.67%,

03/15/2055

568‌

778‌

4.81%,

03/15/2039

75‌

96‌

4.86%,

08/21/2046

500‌

671‌

5.15%,

09/15/2023

1,000‌

1,141‌

5.25%,

03/16/2037

75‌

101‌

Vodafone

Group

PLC

3.75%,

01/16/2024

75‌

82‌

4.13%,

05/30/2025

75‌

85‌

4.25%,

09/17/2050

250‌

287‌

4.38%,

05/30/2028

375‌

439‌

5.00%,

05/30/2038

80‌

98‌

5.25%,

05/30/2048

815‌

1,058‌

6.15%,

02/27/2037

240‌

320‌

$

32,340‌

Transportation

-

0.61%

Burlington

Northern

Santa

Fe

LLC

3.55%,

02/15/2050

155‌

173‌

3.65%,

09/01/2025

500‌

565‌

4.15%,

04/01/2045

200‌

242‌

4.40%,

03/15/2042

30‌

37‌

4.55%,

09/01/2044

400‌

498‌

4.90%,

04/01/2044

445‌

576‌

5.40%,

06/01/2041

400‌

530‌

Canadian

National

Railway

Co

2.45%,

05/01/2050

465‌

450‌

Canadian

Pacific

Railway

Co

6.13%,

09/15/2115

75‌

113‌

CSX

Corp

2.40%,

02/15/2030

60‌

62‌

2.60%,

11/01/2026

350‌

374‌

3.35%,

09/15/2049

60‌

65‌

3.40%,

08/01/2024

600‌

657‌

3.80%,

03/01/2028

75‌

85‌

4.30%,

03/01/2048

200‌

246‌

4.75%,

05/30/2042

720‌

895‌

FedEx

Corp

3.10%,

08/05/2029

750‌

779‌

3.88%,

08/01/2042

30‌

29‌

4.00%,

01/15/2024

250‌

277‌

4.55%,

04/01/2046

500‌

517‌

Norfolk

Southern

Corp

2.55%,

11/01/2029

150‌

157‌

3.00%,

04/01/2022

500‌

517‌

3.25%,

12/01/2021

40‌

41‌

3.94%,

11/01/2047

192‌

224‌

4.15%,

02/28/2048

500‌

598‌

4.84%,

10/01/2041

30‌

38‌

Ryder

System

Inc

2.50%,

09/01/2024

65‌

66‌

2.90%,

12/01/2026

150‌

151‌

Union

Pacific

Corp

2.15%,

02/05/2027

775‌

813‌

3.55%,

08/15/2039

435‌

479‌

3.80%,

10/01/2051

365‌

426‌

3.84%,

03/20/2060

(h)

220‌

253‌

3.95%,

09/10/2028

140‌

162‌

4.10%,

09/15/2067

560‌

646‌

4.16%,

07/15/2022

575‌

612‌

4.30%,

03/01/2049

90‌

113‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Transportation

(continued)

United

Parcel

Service

Inc

2.20%,

09/01/2024

$

300‌

$

317‌

2.50%,

09/01/2029

125‌

135‌

3.40%,

09/01/2049

180‌

196‌

3.63%,

10/01/2042

500‌

538‌

3.90%,

04/01/2025

155‌

176‌

4.88%,

11/15/2040

30‌

38‌

5.20%,

04/01/2040

345‌

459‌

$

14,325‌

Water

-

0.04%

American

Water

Capital

Corp

3.75%,

09/01/2047

140‌

159‌

4.15%,

06/01/2049

670‌

814‌

6.59%,

10/15/2037

13‌

19‌

$

992‌

TOTAL

BONDS

$

775,616‌

MUNICIPAL

BONDS

-

0.65%

Principal

Amount

(000's)

Value

(000's)

California

-

0.21%

Bay

Area

Toll

Authority

6.26%,

04/01/2049

$

175‌

$

305‌

6.91%,

10/01/2050

250‌

425‌

California

State

University

2.98%,

11/01/2051

155‌

156‌

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

424‌

Los

Angeles

Unified

School

District/CA

5.76%,

07/01/2029

900‌

1,123‌

Regents

of

the

University

of

California

Medical

Center

Pooled

Revenue

6.55%,

05/15/2048

20‌

31‌

State

of

California

3.50%,

04/01/2028

115‌

130‌

7.30%,

10/01/2039

300‌

488‌

7.70%,

11/01/2030

500‌

513‌

University

of

California

3.06%,

07/01/2025

400‌

431‌

5.77%,

05/15/2043

530‌

772‌

$

4,826‌

Colorado

-

0.02%

Regional

Transportation

District

Sales

Tax

Revenue

5.84%,

11/01/2050

250‌

363‌

Connecticut

-

0.03%

State

of

Connecticut

5.85%,

03/15/2032

530‌

683‌

Georgia

-

0.02%

Municipal

Electric

Authority

of

Georgia

6.64%,

04/01/2057

335‌

457‌

Illinois

-

0.06%

Chicago

Transit

Authority

6.20%,

12/01/2040

30‌

39‌

6.90%,

12/01/2040

300‌

403‌

State

of

Illinois

4.95%,

06/01/2023

74‌

74‌

5.10%,

06/01/2033

1,000‌

964‌

$

1,480‌

New

Jersey

-

0.07%

New

Jersey

Economic

Development

Authority

(credit

support

from

Assured

Guaranty

Municipal

Corp

)

0.00%,

02/15/2023

(d),(j)

50‌

48‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

25

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

New

Jersey

(continued)

New

Jersey

Economic

Development

Authority

(credit

support

from

National

Public

Finance

Guarantee

Corp

)

7.43%,

02/15/2029

(j)

$

450‌

$

527‌

New

Jersey

Transportation

Trust

Fund

Authority

6.56%,

12/15/2040

146‌

175‌

New

Jersey

Turnpike

Authority

7.41%,

01/01/2040

500‌

814‌

$

1,564‌

New

York

-

0.14%

City

of

New

York

NY

6.27%,

12/01/2037

500‌

724‌

New

York

City

Water

&

Sewer

System

5.72%,

06/15/2042

280‌

435‌

5.95%,

06/15/2042

250‌

382‌

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

631‌

5.65%,

11/01/2040

400‌

570‌

$

3,315‌

Ohio

-

0.04%

American

Municipal

Power

Inc

7.83%,

02/15/2041

300‌

468‌

Ohio

State

University/The

3.80%,

12/01/2046

350‌

406‌

4.91%,

06/01/2040

50‌

69‌

$

943‌

Texas

-

0.05%

City

of

Houston

TX

6.29%,

03/01/2032

450‌

558‌

Dallas

Area

Rapid

Transit

5.02%,

12/01/2048

30‌

44‌

State

of

Texas

4.68%,

04/01/2040

160‌

212‌

5.52%,

04/01/2039

300‌

438‌

$

1,252‌

Wisconsin

-

0.01%

State

of

Wisconsin

(credit

support

from

Assured

Guaranty

Municipal

Corp

)

5.70%,

05/01/2026

(j)

285‌

326‌

TOTAL

MUNICIPAL

BONDS

$

15,209‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

-

65.41%

Principal

Amount

(000's)

Value

(000's)

Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

-

3.89%

2.00%,

09/01/2031

$

141‌

$

146‌

2.00%,

12/01/2031

191‌

197‌

2.50%,

08/01/2028

144‌

151‌

2.50%,

09/01/2029

332‌

348‌

2.50%,

12/01/2029

431‌

452‌

2.50%,

01/01/2030

445‌

467‌

2.50%,

09/01/2030

1,033‌

1,084‌

2.50%,

01/01/2031

233‌

245‌

2.50%,

01/01/2031

392‌

411‌

2.50%,

02/01/2031

390‌

409‌

2.50%,

04/01/2031

127‌

133‌

2.50%,

12/01/2031

605‌

635‌

2.50%,

01/01/2032

640‌

671‌

2.50%,

03/01/2032

194‌

203‌

2.50%,

11/01/2032

256‌

269‌

2.50%,

03/01/2033

231‌

242‌

2.50%,

04/01/2033

217‌

228‌

2.50%,

05/01/2033

534‌

559‌

2.50%,

06/01/2033

385‌

403‌

2.50%,

11/01/2036

135‌

141‌

3.00%,

11/01/2028

283‌

300‌

3.00%,

04/01/2029

265‌

280‌

3.00%,

09/01/2029

247‌

261‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

(continued)

3.00%,

10/01/2029

$

361‌

$

381‌

3.00%,

11/01/2029

164‌

173‌

3.00%,

01/01/2030

143‌

151‌

3.00%,

04/01/2030

97‌

102‌

3.00%,

11/01/2030

136‌

145‌

3.00%,

01/01/2031

465‌

492‌

3.00%,

03/01/2031

95‌

100‌

3.00%,

04/01/2031

375‌

397‌

3.00%,

05/01/2032

398‌

423‌

3.00%,

12/01/2032

197‌

208‌

3.00%,

02/01/2033

150‌

159‌

3.00%,

03/01/2033

228‌

242‌

3.00%,

04/01/2033

55‌

59‌

3.00%,

07/01/2033

323‌

340‌

3.00%,

09/01/2033

133‌

140‌

3.00%,

10/01/2033

181‌

191‌

3.00%,

09/01/2034

272‌

289‌

3.00%,

10/01/2034

192‌

204‌

3.00%,

12/01/2034

60‌

64‌

3.00%,

04/01/2035

159‌

169‌

3.00%,

06/01/2035

226‌

239‌

3.00%,

04/01/2036

109‌

115‌

3.00%,

04/01/2036

154‌

163‌

3.00%,

09/01/2036

93‌

98‌

3.00%,

09/01/2036

192‌

203‌

3.00%,

11/01/2036

65‌

69‌

3.00%,

02/01/2037

199‌

210‌

3.00%,

04/01/2038

183‌

193‌

3.00%,

09/01/2042

1,402‌

1,501‌

3.00%,

10/01/2042

336‌

360‌

3.00%,

11/01/2042

575‌

615‌

3.00%,

01/01/2043

101‌

108‌

3.00%,

02/01/2043

540‌

579‌

3.00%,

04/01/2043

915‌

980‌

3.00%,

07/01/2043

119‌

127‌

3.00%,

08/01/2043

918‌

982‌

3.00%,

08/01/2043

734‌

786‌

3.00%,

09/01/2043

157‌

168‌

3.00%,

10/01/2043

121‌

130‌

3.00%,

12/01/2044

413‌

439‌

3.00%,

01/01/2045

100‌

106‌

3.00%,

03/01/2045

248‌

263‌

3.00%,

04/01/2045

757‌

804‌

3.00%,

06/01/2045

497‌

528‌

3.00%,

08/01/2045

795‌

843‌

3.00%,

12/01/2045

935‌

990‌

3.00%,

01/01/2046

91‌

96‌

3.00%,

03/01/2046

558‌

591‌

3.00%,

04/01/2046

261‌

276‌

3.00%,

04/01/2046

1,015‌

1,074‌

3.00%,

06/01/2046

831‌

879‌

3.00%,

06/01/2046

347‌

367‌

3.00%,

07/01/2046

341‌

361‌

3.00%,

09/01/2046

853‌

903‌

3.00%,

10/01/2046

200‌

213‌

3.00%,

10/01/2046

89‌

94‌

3.00%,

11/01/2046

785‌

830‌

3.00%,

11/01/2046

340‌

359‌

3.00%,

11/01/2046

418‌

442‌

3.00%,

11/01/2046

950‌

1,004‌

3.00%,

12/01/2046

941‌

995‌

3.00%,

12/01/2046

897‌

947‌

3.00%,

01/01/2047

510‌

539‌

3.00%,

02/01/2047

361‌

383‌

3.00%,

03/01/2047

286‌

302‌

3.00%,

04/01/2047

819‌

866‌

3.00%,

09/01/2047

322‌

340‌

3.00%,

10/01/2047

471‌

497‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

26

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

(continued)

3.00%,

01/01/2048

$

429‌

$

452‌

3.50%,

12/01/2031

252‌

267‌

3.50%,

09/01/2033

241‌

254‌

3.50%,

05/01/2034

264‌

283‌

3.50%,

05/01/2034

93‌

99‌

3.50%,

11/01/2034

110‌

118‌

3.50%,

01/01/2035

226‌

242‌

3.50%,

06/01/2035

192‌

206‌

3.50%,

03/01/2037

408‌

434‌

3.50%,

04/01/2037

97‌

103‌

3.50%,

06/01/2037

199‌

212‌

3.50%,

06/01/2042

168‌

182‌

3.50%,

06/01/2042

631‌

684‌

3.50%,

06/01/2042

783‌

850‌

3.50%,

07/01/2042

1,706‌

1,853‌

3.50%,

10/01/2042

874‌

949‌

3.50%,

08/01/2043

329‌

357‌

3.50%,

01/01/2044

398‌

430‌

3.50%,

01/01/2045

525‌

567‌

3.50%,

02/01/2045

153‌

164‌

3.50%,

03/01/2045

368‌

396‌

3.50%,

03/01/2045

730‌

785‌

3.50%,

06/01/2045

396‌

426‌

3.50%,

07/01/2045

383‌

409‌

3.50%,

08/01/2045

252‌

271‌

3.50%,

09/01/2045

366‌

392‌

3.50%,

09/01/2045

504‌

541‌

3.50%,

10/01/2045

47‌

50‌

3.50%,

12/01/2045

974‌

1,042‌

3.50%,

01/01/2046

871‌

935‌

3.50%,

03/01/2046

596‌

641‌

3.50%,

03/01/2046

1,876‌

2,011‌

3.50%,

04/01/2046

954‌

1,024‌

3.50%,

05/01/2046

660‌

708‌

3.50%,

05/01/2046

583‌

625‌

3.50%,

06/01/2046

521‌

559‌

3.50%,

08/01/2046

259‌

277‌

3.50%,

09/01/2046

470‌

497‌

3.50%,

04/01/2047

611‌

651‌

3.50%,

11/01/2047

1,158‌

1,228‌

3.50%,

11/01/2047

773‌

822‌

3.50%,

12/01/2047

517‌

550‌

3.50%,

12/01/2047

1,122‌

1,187‌

3.50%,

12/01/2047

1,026‌

1,090‌

3.50%,

03/01/2048

940‌

998‌

3.50%,

08/01/2048

594‌

627‌

4.00%,

12/01/2024

103‌

109‌

4.00%,

12/01/2030

23‌

25‌

4.00%,

11/01/2033

164‌

178‌

4.00%,

07/01/2034

113‌

122‌

4.00%,

04/01/2038

262‌

283‌

4.00%,

12/01/2040

229‌

251‌

4.00%,

02/01/2044

206‌

228‌

4.00%,

04/01/2044

281‌

310‌

4.00%,

05/01/2044

118‌

130‌

4.00%,

06/01/2044

202‌

222‌

4.00%,

07/01/2044

356‌

388‌

4.00%,

09/01/2044

125‌

137‌

4.00%,

11/01/2044

386‌

423‌

4.00%,

12/01/2044

1,453‌

1,584‌

4.00%,

01/01/2045

365‌

397‌

4.00%,

04/01/2045

54‌

58‌

4.00%,

05/01/2045

201‌

219‌

4.00%,

07/01/2045

281‌

306‌

4.00%,

08/01/2045

510‌

554‌

4.00%,

09/01/2045

1,335‌

1,451‌

4.00%,

10/01/2045

722‌

782‌

4.00%,

10/01/2045

79‌

85‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

(continued)

4.00%,

11/01/2045

$

90‌

$

97‌

4.00%,

12/01/2045

97‌

105‌

4.00%,

02/01/2046

145‌

157‌

4.00%,

05/01/2046

223‌

242‌

4.00%,

03/01/2047

381‌

410‌

4.00%,

10/01/2047

724‌

775‌

4.00%,

12/01/2047

911‌

974‌

4.00%,

07/01/2048

681‌

725‌

4.00%,

11/01/2048

351‌

373‌

4.50%,

10/01/2030

102‌

111‌

4.50%,

05/01/2031

11‌

12‌

4.50%,

10/01/2039

374‌

416‌

4.50%,

02/01/2041

193‌

212‌

4.50%,

03/01/2041

307‌

342‌

4.50%,

09/01/2043

127‌

142‌

4.50%,

11/01/2043

308‌

343‌

4.50%,

12/01/2043

214‌

238‌

4.50%,

03/01/2044

403‌

448‌

4.50%,

04/01/2044

187‌

207‌

4.50%,

09/01/2044

278‌

308‌

4.50%,

10/01/2044

108‌

118‌

4.50%,

02/01/2047

93‌

101‌

4.50%,

03/01/2047

169‌

185‌

4.50%,

07/01/2047

133‌

145‌

4.50%,

11/01/2047

33‌

36‌

4.50%,

05/01/2048

334‌

361‌

4.50%,

07/01/2048

164‌

177‌

4.50%,

05/01/2049

7,041‌

7,606‌

5.00%,

11/01/2035

84‌

97‌

5.00%,

12/01/2036

228‌

262‌

5.00%,

08/01/2039

107‌

123‌

5.00%,

11/01/2039

317‌

364‌

5.00%,

03/01/2041

94‌

106‌

5.00%,

12/01/2041

117‌

130‌

5.00%,

02/01/2042

492‌

564‌

5.00%,

04/01/2044

125‌

143‌

5.00%,

02/01/2048

174‌

190‌

5.00%,

06/01/2048

185‌

202‌

5.00%,

07/01/2048

95‌

104‌

5.50%,

06/01/2034

102‌

117‌

5.50%,

07/01/2038

104‌

119‌

5.50%,

07/01/2038

122‌

141‌

5.50%,

12/01/2038

220‌

252‌

5.50%,

10/01/2039

343‌

396‌

5.50%,

06/01/2041

138‌

159‌

6.00%,

04/01/2023

1‌

1‌

6.00%,

04/01/2038

353‌

407‌

6.00%,

11/01/2038

120‌

135‌

$

91,689‌

Federal

National

Mortgage

Association

(FNMA)/Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

Uniform

Mortgage-Backed

Security

-

15.58%

2.00%,

09/01/2029

346‌

357‌

2.00%,

05/01/2030

144‌

148‌

2.00%,

12/01/2031

257‌

265‌

2.00%,

02/01/2032

152‌

157‌

2.00%,

06/01/2035

(k)

2,500‌

2,579‌

2.50%,

01/01/2028

135‌

142‌

2.50%,

07/01/2028

127‌

133‌

2.50%,

07/01/2028

350‌

367‌

2.50%,

11/01/2028

423‌

444‌

2.50%,

09/01/2029

265‌

278‌

2.50%,

02/01/2030

101‌

106‌

2.50%,

03/01/2030

321‌

337‌

2.50%,

05/01/2030

322‌

338‌

2.50%,

07/01/2030

133‌

140‌

2.50%,

08/01/2030

405‌

425‌

2.50%,

08/01/2030

349‌

366‌

2.50%,

12/01/2030

400‌

419‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(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)

2.50%,

03/01/2031

$

496‌

$

520‌

2.50%,

03/01/2031

82‌

86‌

2.50%,

03/01/2031

362‌

379‌

2.50%,

05/01/2031

180‌

189‌

2.50%,

07/01/2031

436‌

457‌

2.50%,

11/01/2031

620‌

650‌

2.50%,

11/01/2031

2,179‌

2,285‌

2.50%,

12/01/2031

126‌

132‌

2.50%,

01/01/2032

184‌

193‌

2.50%,

01/01/2032

322‌

337‌

2.50%,

02/01/2032

175‌

184‌

2.50%,

03/01/2032

199‌

209‌

2.50%,

09/01/2032

174‌

182‌

2.50%,

12/01/2032

403‌

423‌

2.50%,

01/01/2033

543‌

570‌

2.50%,

04/01/2033

1,595‌

1,673‌

2.50%,

07/01/2033

17‌

18‌

2.50%,

10/01/2034

2,706‌

2,834‌

2.50%,

02/01/2035

2,244‌

2,350‌

2.50%,

06/01/2035

(k)

1,500‌

1,570‌

2.50%,

10/01/2036

69‌

72‌

2.50%,

10/01/2036

194‌

201‌

2.50%,

12/01/2036

178‌

184‌

2.50%,

01/01/2043

139‌

147‌

2.50%,

05/01/2043

174‌

183‌

2.50%,

10/01/2043

134‌

142‌

2.50%,

08/01/2046

131‌

137‌

2.50%,

12/01/2046

184‌

194‌

2.50%,

12/01/2046

174‌

183‌

2.50%,

06/01/2050

(k)

21,000‌

21,788‌

3.00%,

04/01/2027

111‌

117‌

3.00%,

01/01/2029

96‌

102‌

3.00%,

02/01/2029

82‌

87‌

3.00%,

12/01/2029

199‌

210‌

3.00%,

12/01/2029

92‌

97‌

3.00%,

01/01/2030

514‌

543‌

3.00%,

01/01/2030

93‌

98‌

3.00%,

01/01/2030

438‌

463‌

3.00%,

06/01/2030

326‌

345‌

3.00%,

07/01/2030

579‌

612‌

3.00%,

09/01/2030

109‌

115‌

3.00%,

10/01/2030

478‌

505‌

3.00%,

11/01/2030

466‌

493‌

3.00%,

12/01/2030

432‌

458‌

3.00%,

12/01/2030

88‌

94‌

3.00%,

02/01/2031

349‌

368‌

3.00%,

03/01/2031

261‌

276‌

3.00%,

04/01/2031

108‌

115‌

3.00%,

09/01/2031

499‌

527‌

3.00%,

12/01/2031

219‌

232‌

3.00%,

08/01/2032

467‌

493‌

3.00%,

09/01/2032

129‌

137‌

3.00%,

01/01/2033

53‌

56‌

3.00%,

04/01/2033

52‌

56‌

3.00%,

07/01/2033

206‌

217‌

3.00%,

02/01/2034

146‌

154‌

3.00%,

08/01/2034

546‌

583‌

3.00%,

09/01/2034

355‌

378‌

3.00%,

11/01/2034

286‌

304‌

3.00%,

12/01/2034

3,225‌

3,401‌

3.00%,

12/01/2034

133‌

141‌

3.00%,

02/01/2035

119‌

127‌

3.00%,

02/01/2035

200‌

212‌

3.00%,

05/01/2035

606‌

645‌

3.00%,

06/01/2035

347‌

369‌

3.00%,

06/01/2035

(k)

7,900‌

8,328‌

3.00%,

11/01/2035

147‌

155‌

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%,

02/01/2036

$

154‌

$

163‌

3.00%,

07/01/2036

255‌

269‌

3.00%,

12/01/2036

181‌

192‌

3.00%,

12/01/2036

311‌

329‌

3.00%,

12/01/2036

278‌

294‌

3.00%,

02/01/2037

290‌

307‌

3.00%,

11/01/2039

1,818‌

1,915‌

3.00%,

04/01/2042

151‌

162‌

3.00%,

11/01/2042

577‌

617‌

3.00%,

12/01/2042

1,507‌

1,621‌

3.00%,

04/01/2043

612‌

659‌

3.00%,

04/01/2043

603‌

645‌

3.00%,

04/01/2043

16‌

17‌

3.00%,

04/01/2043

156‌

167‌

3.00%,

04/01/2043

323‌

346‌

3.00%,

05/01/2043

145‌

156‌

3.00%,

05/01/2043

474‌

507‌

3.00%,

05/01/2043

1,110‌

1,189‌

3.00%,

05/01/2043

281‌

300‌

3.00%,

05/01/2043

588‌

631‌

3.00%,

06/01/2043

170‌

182‌

3.00%,

06/01/2043

688‌

736‌

3.00%,

06/01/2043

482‌

516‌

3.00%,

07/01/2043

625‌

668‌

3.00%,

07/01/2043

145‌

156‌

3.00%,

07/01/2043

731‌

782‌

3.00%,

07/01/2043

867‌

931‌

3.00%,

08/01/2043

100‌

107‌

3.00%,

08/01/2043

813‌

870‌

3.00%,

10/01/2043

696‌

745‌

3.00%,

10/01/2043

383‌

410‌

3.00%,

11/01/2043

166‌

178‌

3.00%,

01/01/2045

937‌

1,002‌

3.00%,

01/01/2045

195‌

207‌

3.00%,

01/01/2045

343‌

365‌

3.00%,

08/01/2045

224‌

237‌

3.00%,

12/01/2045

316‌

335‌

3.00%,

12/01/2045

382‌

404‌

3.00%,

01/01/2046

556‌

589‌

3.00%,

03/01/2046

253‌

267‌

3.00%,

04/01/2046

108‌

114‌

3.00%,

04/01/2046

663‌

702‌

3.00%,

04/01/2046

1,322‌

1,399‌

3.00%,

05/01/2046

245‌

259‌

3.00%,

05/01/2046

206‌

218‌

3.00%,

05/01/2046

538‌

570‌

3.00%,

08/01/2046

201‌

213‌

3.00%,

10/01/2046

927‌

980‌

3.00%,

11/01/2046

1,219‌

1,289‌

3.00%,

11/01/2046

504‌

533‌

3.00%,

11/01/2046

424‌

448‌

3.00%,

11/01/2046

855‌

904‌

3.00%,

11/01/2046

613‌

648‌

3.00%,

11/01/2046

848‌

900‌

3.00%,

12/01/2046

372‌

393‌

3.00%,

12/01/2046

840‌

888‌

3.00%,

12/01/2046

890‌

941‌

3.00%,

01/01/2047

945‌

999‌

3.00%,

02/01/2047

361‌

382‌

3.00%,

03/01/2047

290‌

306‌

3.00%,

07/01/2047

1,102‌

1,164‌

3.00%,

09/01/2048

425‌

448‌

3.00%,

09/01/2049

2,860‌

3,011‌

3.00%,

10/01/2049

3,195‌

3,364‌

3.00%,

10/01/2049

3,562‌

3,758‌

3.00%,

10/01/2049

1,807‌

1,906‌

3.00%,

10/01/2049

3,818‌

4,026‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(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)

3.00%,

10/01/2049

$

4,167‌

$

4,386‌

3.00%,

11/01/2049

1,737‌

1,832‌

3.00%,

11/01/2049

9,540‌

10,042‌

3.00%,

11/01/2049

3,015‌

3,203‌

3.00%,

11/01/2049

2,868‌

3,019‌

3.00%,

06/01/2050

(k)

24,750‌

26,038‌

3.50%,

12/01/2025

92‌

97‌

3.50%,

01/01/2026

301‌

318‌

3.50%,

10/01/2026

255‌

269‌

3.50%,

12/01/2026

167‌

177‌

3.50%,

06/01/2027

161‌

170‌

3.50%,

03/01/2029

127‌

135‌

3.50%,

09/01/2029

171‌

182‌

3.50%,

10/01/2029

264‌

279‌

3.50%,

11/01/2030

112‌

119‌

3.50%,

04/01/2032

25‌

27‌

3.50%,

07/01/2032

20‌

22‌

3.50%,

09/01/2032

23‌

24‌

3.50%,

12/01/2032

3,108‌

3,314‌

3.50%,

10/01/2033

13‌

14‌

3.50%,

10/01/2033

316‌

334‌

3.50%,

10/01/2033

310‌

328‌

3.50%,

05/01/2034

72‌

78‌

3.50%,

06/01/2034

52‌

55‌

3.50%,

07/01/2034

323‌

347‌

3.50%,

09/01/2034

253‌

266‌

3.50%,

10/01/2034

78‌

82‌

3.50%,

06/01/2035

(k)

1,000‌

1,055‌

3.50%,

12/01/2035

454‌

487‌

3.50%,

02/01/2036

94‌

101‌

3.50%,

07/01/2036

144‌

153‌

3.50%,

08/01/2036

152‌

161‌

3.50%,

02/01/2037

76‌

81‌

3.50%,

05/01/2037

122‌

130‌

3.50%,

06/01/2038

235‌

249‌

3.50%,

07/01/2038

213‌

225‌

3.50%,

03/01/2041

40‌

43‌

3.50%,

02/01/2042

382‌

414‌

3.50%,

03/01/2042

92‌

100‌

3.50%,

05/01/2042

578‌

627‌

3.50%,

06/01/2042

522‌

567‌

3.50%,

07/01/2042

94‌

102‌

3.50%,

10/01/2042

749‌

814‌

3.50%,

04/01/2043

699‌

758‌

3.50%,

05/01/2043

704‌

765‌

3.50%,

05/01/2043

428‌

464‌

3.50%,

06/01/2043

128‌

139‌

3.50%,

08/01/2043

525‌

569‌

3.50%,

09/01/2043

1,397‌

1,516‌

3.50%,

11/01/2043

196‌

212‌

3.50%,

01/01/2044

171‌

185‌

3.50%,

01/01/2044

1,465‌

1,613‌

3.50%,

07/01/2044

785‌

851‌

3.50%,

10/01/2044

319‌

344‌

3.50%,

11/01/2044

355‌

383‌

3.50%,

12/01/2044

474‌

510‌

3.50%,

12/01/2044

450‌

484‌

3.50%,

01/01/2045

548‌

589‌

3.50%,

02/01/2045

536‌

575‌

3.50%,

02/01/2045

346‌

371‌

3.50%,

04/01/2045

325‌

349‌

3.50%,

04/01/2045

458‌

498‌

3.50%,

07/01/2045

584‌

627‌

3.50%,

08/01/2045

358‌

384‌

3.50%,

08/01/2045

314‌

336‌

3.50%,

09/01/2045

289‌

309‌

3.50%,

10/01/2045

243‌

261‌

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%,

10/01/2045

$

181‌

$

194‌

3.50%,

11/01/2045

428‌

460‌

3.50%,

11/01/2045

435‌

467‌

3.50%,

11/01/2045

227‌

243‌

3.50%,

12/01/2045

246‌

263‌

3.50%,

12/01/2045

495‌

531‌

3.50%,

12/01/2045

189‌

202‌

3.50%,

12/01/2045

622‌

668‌

3.50%,

12/01/2045

565‌

602‌

3.50%,

12/01/2045

33‌

35‌

3.50%,

12/01/2045

525‌

564‌

3.50%,

01/01/2046

154‌

165‌

3.50%,

01/01/2046

572‌

613‌

3.50%,

01/01/2046

599‌

643‌

3.50%,

01/01/2046

597‌

640‌

3.50%,

02/01/2046

220‌

236‌

3.50%,

03/01/2046

687‌

737‌

3.50%,

03/01/2046

159‌

171‌

3.50%,

03/01/2046

545‌

585‌

3.50%,

04/01/2046

108‌

115‌

3.50%,

04/01/2046

662‌

710‌

3.50%,

05/01/2046

114‌

122‌

3.50%,

05/01/2046

263‌

281‌

3.50%,

06/01/2046

140‌

150‌

3.50%,

07/01/2046

600‌

643‌

3.50%,

09/01/2046

395‌

422‌

3.50%,

12/01/2046

470‌

504‌

3.50%,

02/01/2047

843‌

902‌

3.50%,

03/01/2047

371‌

396‌

3.50%,

06/01/2047

810‌

863‌

3.50%,

10/01/2047

933‌

985‌

3.50%,

10/01/2047

888‌

944‌

3.50%,

11/01/2047

1,071‌

1,137‌

3.50%,

12/01/2047

943‌

999‌

3.50%,

01/01/2048

1,195‌

1,269‌

3.50%,

02/01/2048

422‌

448‌

3.50%,

02/01/2048

985‌

1,046‌

3.50%,

03/01/2048

99‌

105‌

3.50%,

04/01/2048

752‌

797‌

3.50%,

10/01/2048

40‌

42‌

3.50%,

04/01/2049

918‌

971‌

3.50%,

06/01/2049

1,151‌

1,217‌

3.50%,

06/01/2049

816‌

863‌

3.50%,

06/01/2049

3,877‌

4,092‌

3.50%,

07/01/2049

2,347‌

2,481‌

3.50%,

07/01/2049

5,027‌

5,303‌

3.50%,

07/01/2049

3,366‌

3,557‌

3.50%,

07/01/2049

3,311‌

3,497‌

3.50%,

08/01/2049

2,405‌

2,536‌

3.50%,

09/01/2049

2,261‌

2,405‌

3.50%,

09/01/2049

3,307‌

3,488‌

3.50%,

09/01/2049

4,285‌

4,517‌

3.50%,

10/01/2049

2,677‌

2,822‌

3.50%,

11/01/2049

6,043‌

6,423‌

3.50%,

06/01/2050

(k)

9,250‌

9,758‌

4.00%,

12/01/2024

178‌

189‌

4.00%,

04/01/2029

9‌

10‌

4.00%,

12/01/2030

12‌

13‌

4.00%,

03/01/2031

644‌

684‌

4.00%,

03/01/2031

104‌

110‌

4.00%,

11/01/2031

16‌

17‌

4.00%,

11/01/2033

70‌

74‌

4.00%,

11/01/2033

277‌

299‌

4.00%,

10/01/2034

171‌

185‌

4.00%,

02/01/2036

251‌

271‌

4.00%,

01/01/2037

85‌

91‌

4.00%,

10/01/2037

145‌

156‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

29

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%,

03/01/2038

$

66‌

$

71‌

4.00%,

07/01/2038

293‌

315‌

4.00%,

12/01/2038

194‌

208‌

4.00%,

01/01/2039

267‌

286‌

4.00%,

09/01/2040

99‌

109‌

4.00%,

01/01/2041

102‌

112‌

4.00%,

02/01/2041

38‌

42‌

4.00%,

12/01/2041

170‌

186‌

4.00%,

06/01/2042

142‌

156‌

4.00%,

06/01/2042

270‌

297‌

4.00%,

07/01/2042

798‌

879‌

4.00%,

12/01/2042

300‌

329‌

4.00%,

06/01/2043

381‌

419‌

4.00%,

09/01/2043

465‌

511‌

4.00%,

11/01/2043

501‌

551‌

4.00%,

11/01/2043

414‌

455‌

4.00%,

05/01/2044

122‌

133‌

4.00%,

08/01/2044

112‌

122‌

4.00%,

08/01/2044

361‌

394‌

4.00%,

08/01/2044

155‌

169‌

4.00%,

09/01/2044

158‌

173‌

4.00%,

09/01/2044

168‌

184‌

4.00%,

10/01/2044

101‌

110‌

4.00%,

11/01/2044

182‌

197‌

4.00%,

11/01/2044

85‌

92‌

4.00%,

11/01/2044

115‌

125‌

4.00%,

11/01/2044

87‌

95‌

4.00%,

12/01/2044

246‌

269‌

4.00%,

12/01/2044

192‌

208‌

4.00%,

01/01/2045

391‌

426‌

4.00%,

01/01/2045

142‌

155‌

4.00%,

02/01/2045

133‌

144‌

4.00%,

02/01/2045

347‌

380‌

4.00%,

03/01/2045

98‌

107‌

4.00%,

04/01/2045

306‌

329‌

4.00%,

08/01/2045

128‌

138‌

4.00%,

09/01/2045

123‌

134‌

4.00%,

09/01/2045

456‌

495‌

4.00%,

11/01/2045

563‌

613‌

4.00%,

12/01/2045

145‌

158‌

4.00%,

12/01/2045

199‌

215‌

4.00%,

02/01/2046

382‌

415‌

4.00%,

03/01/2046

762‌

823‌

4.00%,

04/01/2046

371‌

402‌

4.00%,

07/01/2046

146‌

157‌

4.00%,

03/01/2047

531‌

568‌

4.00%,

06/01/2047

231‌

247‌

4.00%,

08/01/2047

399‌

427‌

4.00%,

10/01/2047

408‌

436‌

4.00%,

11/01/2047

1,534‌

1,637‌

4.00%,

01/01/2048

1,150‌

1,230‌

4.00%,

01/01/2048

1,223‌

1,309‌

4.00%,

05/01/2048

335‌

365‌

4.00%,

05/01/2048

2,656‌

2,846‌

4.00%,

06/01/2048

804‌

855‌

4.00%,

06/01/2048

974‌

1,035‌

4.00%,

07/01/2048

567‌

603‌

4.00%,

07/01/2048

298‌

317‌

4.00%,

08/01/2048

620‌

659‌

4.00%,

09/01/2048

624‌

665‌

4.00%,

09/01/2048

798‌

848‌

4.00%,

09/01/2048

724‌

769‌

4.00%,

10/01/2048

295‌

321‌

4.00%,

01/01/2049

6,932‌

7,568‌

4.00%,

01/01/2049

4,263‌

4,572‌

4.00%,

03/01/2049

1,257‌

1,337‌

4.00%,

03/01/2049

619‌

663‌

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%,

04/01/2049

$

620‌

$

660‌

4.00%,

04/01/2049

378‌

402‌

4.00%,

04/01/2049

807‌

859‌

4.00%,

07/01/2049

2,576‌

2,743‌

4.00%,

08/01/2049

4,188‌

4,455‌

4.00%,

10/01/2049

5,176‌

5,606‌

4.00%,

10/01/2049

3,816‌

4,078‌

4.00%,

11/01/2049

2,909‌

3,097‌

4.00%,

04/01/2050

3,976‌

4,315‌

4.50%,

08/01/2023

83‌

90‌

4.50%,

06/01/2029

21‌

23‌

4.50%,

07/01/2029

5‌

5‌

4.50%,

08/01/2030

12‌

13‌

4.50%,

01/01/2034

33‌

36‌

4.50%,

04/01/2039

133‌

148‌

4.50%,

09/01/2040

248‌

275‌

4.50%,

05/01/2041

313‌

348‌

4.50%,

08/01/2041

305‌

340‌

4.50%,

09/01/2041

408‌

454‌

4.50%,

09/01/2043

228‌

253‌

4.50%,

11/01/2043

161‌

180‌

4.50%,

11/01/2043

246‌

273‌

4.50%,

01/01/2044

255‌

284‌

4.50%,

02/01/2044

80‌

89‌

4.50%,

03/01/2044

251‌

278‌

4.50%,

04/01/2044

201‌

223‌

4.50%,

04/01/2044

345‌

384‌

4.50%,

05/01/2044

266‌

296‌

4.50%,

05/01/2044

75‌

83‌

4.50%,

05/01/2044

289‌

320‌

4.50%,

08/01/2044

284‌

313‌

4.50%,

08/01/2044

70‌

76‌

4.50%,

10/01/2044

174‌

192‌

4.50%,

04/01/2045

85‌

92‌

4.50%,

04/01/2046

91‌

100‌

4.50%,

05/01/2046

186‌

206‌

4.50%,

01/01/2047

125‌

136‌

4.50%,

01/01/2047

393‌

430‌

4.50%,

03/01/2048

453‌

491‌

4.50%,

10/01/2048

1,755‌

1,893‌

4.50%,

04/01/2049

970‌

1,048‌

4.50%,

05/01/2049

4,829‌

5,275‌

4.50%,

07/01/2049

1,492‌

1,614‌

4.50%,

07/01/2049

1,436‌

1,551‌

4.50%,

09/01/2049

3,020‌

3,261‌

5.00%,

12/01/2025

30‌

32‌

5.00%,

01/01/2039

560‌

640‌

5.00%,

07/01/2039

214‌

245‌

5.00%,

02/01/2041

115‌

132‌

5.00%,

02/01/2041

185‌

213‌

5.00%,

04/01/2041

404‌

464‌

5.00%,

05/01/2042

223‌

256‌

5.00%,

07/01/2042

103‌

118‌

5.00%,

03/01/2044

84‌

94‌

5.00%,

05/01/2044

144‌

160‌

5.00%,

02/01/2045

192‌

221‌

5.00%,

06/01/2045

539‌

619‌

5.00%,

05/01/2048

290‌

317‌

5.00%,

06/01/2048

181‌

198‌

5.00%,

08/01/2048

110‌

120‌

5.00%,

09/01/2048

93‌

102‌

5.00%,

05/01/2049

200‌

218‌

5.00%,

06/01/2049

1,644‌

1,795‌

5.00%,

07/01/2049

319‌

356‌

5.00%,

08/01/2049

1,730‌

1,915‌

5.50%,

12/01/2027

45‌

50‌

5.50%,

03/01/2038

113‌

131‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

30

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)

5.50%,

05/01/2038

$

134‌

$

155‌

5.50%,

06/01/2038

185‌

215‌

5.50%,

09/01/2038

291‌

340‌

5.50%,

11/01/2038

149‌

173‌

5.50%,

04/01/2039

153‌

178‌

5.50%,

04/01/2040

200‌

228‌

6.00%,

04/01/2026

24‌

27‌

6.00%,

10/01/2036

118‌

134‌

$

367,207‌

Government

National

Mortgage

Association

(GNMA)

-

7.38%

2.50%,

06/20/2027

134‌

140‌

2.50%,

12/20/2030

125‌

130‌

2.50%,

03/20/2031

203‌

212‌

2.50%,

07/20/2043

156‌

165‌

2.50%,

12/20/2046

504‌

535‌

2.50%,

01/20/2047

172‌

183‌

2.50%,

06/01/2050

6,000‌

6,312‌

3.00%,

02/15/2027

84‌

89‌

3.00%,

08/20/2029

94‌

99‌

3.00%,

09/20/2029

113‌

119‌

3.00%,

07/20/2030

88‌

92‌

3.00%,

01/20/2031

95‌

100‌

3.00%,

07/20/2032

128‌

135‌

3.00%,

09/20/2042

88‌

94‌

3.00%,

11/20/2042

654‌

697‌

3.00%,

12/20/2042

486‌

518‌

3.00%,

01/20/2043

477‌

508‌

3.00%,

03/20/2043

609‌

649‌

3.00%,

03/20/2043

101‌

109‌

3.00%,

03/20/2043

536‌

575‌

3.00%,

04/20/2043

764‌

814‌

3.00%,

06/20/2043

682‌

727‌

3.00%,

08/20/2043

741‌

790‌

3.00%,

05/20/2044

286‌

305‌

3.00%,

12/15/2044

85‌

89‌

3.00%,

12/20/2044

846‌

902‌

3.00%,

01/15/2045

104‌

110‌

3.00%,

01/15/2045

100‌

106‌

3.00%,

02/20/2045

87‌

93‌

3.00%,

05/20/2045

572‌

610‌

3.00%,

06/20/2045

234‌

249‌

3.00%,

07/20/2045

1,633‌

1,741‌

3.00%,

08/20/2045

747‌

796‌

3.00%,

09/20/2045

318‌

339‌

3.00%,

10/20/2045

688‌

732‌

3.00%,

12/20/2045

379‌

403‌

3.00%,

01/20/2046

174‌

186‌

3.00%,

03/20/2046

727‌

773‌

3.00%,

04/20/2046

1,672‌

1,780‌

3.00%,

05/20/2046

1,209‌

1,286‌

3.00%,

06/20/2046

1,177‌

1,251‌

3.00%,

07/20/2046

2,679‌

2,847‌

3.00%,

08/20/2046

1,112‌

1,184‌

3.00%,

09/20/2046

830‌

882‌

3.00%,

10/20/2046

621‌

660‌

3.00%,

11/20/2046

883‌

948‌

3.00%,

11/20/2046

1,206‌

1,282‌

3.00%,

12/15/2046

226‌

239‌

3.00%,

12/20/2046

1,044‌

1,109‌

3.00%,

01/20/2047

809‌

860‌

3.00%,

09/20/2047

228‌

242‌

3.00%,

11/20/2047

875‌

929‌

3.00%,

02/20/2048

742‌

787‌

3.00%,

06/01/2050

25,700‌

27,206‌

3.50%,

05/20/2042

186‌

204‌

3.50%,

06/20/2042

189‌

207‌

3.50%,

07/20/2042

747‌

818‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Government

National

Mortgage

Association

(GNMA)

(continued)

3.50%,

09/20/2042

$

562‌

$

616‌

3.50%,

10/20/2042

404‌

443‌

3.50%,

11/20/2042

353‌

386‌

3.50%,

12/20/2042

358‌

392‌

3.50%,

01/20/2043

584‌

639‌

3.50%,

02/20/2043

927‌

1,015‌

3.50%,

03/20/2043

631‌

691‌

3.50%,

04/15/2043

323‌

347‌

3.50%,

04/20/2043

432‌

473‌

3.50%,

05/20/2043

279‌

305‌

3.50%,

07/20/2043

361‌

395‌

3.50%,

08/20/2043

923‌

1,006‌

3.50%,

09/20/2043

651‌

708‌

3.50%,

10/20/2043

307‌

334‌

3.50%,

09/20/2044

293‌

315‌

3.50%,

10/20/2044

339‌

366‌

3.50%,

11/20/2044

332‌

357‌

3.50%,

12/20/2044

345‌

371‌

3.50%,

01/20/2045

334‌

360‌

3.50%,

02/20/2045

457‌

492‌

3.50%,

03/15/2045

113‌

120‌

3.50%,

03/20/2045

580‌

624‌

3.50%,

04/15/2045

66‌

70‌

3.50%,

04/20/2045

472‌

511‌

3.50%,

04/20/2045

359‌

386‌

3.50%,

05/20/2045

587‌

632‌

3.50%,

06/20/2045

88‌

95‌

3.50%,

07/20/2045

493‌

531‌

3.50%,

08/20/2045

530‌

570‌

3.50%,

09/20/2045

514‌

554‌

3.50%,

10/20/2045

467‌

504‌

3.50%,

11/20/2045

813‌

875‌

3.50%,

12/20/2045

588‌

633‌

3.50%,

01/20/2046

1,255‌

1,350‌

3.50%,

02/20/2046

500‌

542‌

3.50%,

03/20/2046

10,599‌

11,405‌

3.50%,

04/20/2046

582‌

627‌

3.50%,

05/20/2046

648‌

698‌

3.50%,

06/20/2046

1,260‌

1,355‌

3.50%,

07/20/2046

641‌

689‌

3.50%,

08/15/2046

156‌

166‌

3.50%,

08/20/2046

2,315‌

2,495‌

3.50%,

09/15/2046

97‌

103‌

3.50%,

09/20/2046

650‌

700‌

3.50%,

10/20/2046

653‌

703‌

3.50%,

11/20/2046

586‌

631‌

3.50%,

12/20/2046

502‌

538‌

3.50%,

02/20/2047

561‌

602‌

3.50%,

03/20/2047

1,235‌

1,324‌

3.50%,

04/20/2047

2,775‌

2,976‌

3.50%,

05/20/2047

580‌

621‌

3.50%,

06/20/2047

789‌

845‌

3.50%,

07/20/2047

1,964‌

2,092‌

3.50%,

08/20/2047

2,300‌

2,461‌

3.50%,

09/20/2047

711‌

760‌

3.50%,

10/20/2047

927‌

991‌

3.50%,

11/20/2047

1,766‌

1,885‌

3.50%,

12/20/2047

1,009‌

1,079‌

3.50%,

01/15/2048

102‌

108‌

3.50%,

01/20/2048

1,128‌

1,206‌

3.50%,

04/20/2048

796‌

850‌

3.50%,

08/20/2048

699‌

745‌

3.50%,

09/15/2048

97‌

107‌

3.50%,

06/01/2050

1,000‌

1,060‌

4.00%,

11/20/2043

567‌

624‌

4.00%,

02/20/2044

230‌

253‌

4.00%,

05/15/2044

131‌

142‌

4.00%,

05/20/2044

132‌

144‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

31

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Government

National

Mortgage

Association

(GNMA)

(continued)

4.00%,

07/20/2044

$

38‌

$

42‌

4.00%,

08/20/2044

288‌

315‌

4.00%,

09/20/2044

252‌

276‌

4.00%,

10/20/2044

938‌

1,027‌

4.00%,

11/15/2044

80‌

87‌

4.00%,

11/20/2044

186‌

203‌

4.00%,

12/20/2044

334‌

365‌

4.00%,

01/20/2045

143‌

156‌

4.00%,

03/20/2045

214‌

234‌

4.00%,

08/20/2045

296‌

322‌

4.00%,

09/15/2045

106‌

114‌

4.00%,

09/20/2045

352‌

383‌

4.00%,

10/20/2045

434‌

473‌

4.00%,

11/20/2045

592‌

644‌

4.00%,

12/15/2045

132‌

143‌

4.00%,

01/20/2046

687‌

746‌

4.00%,

02/20/2046

107‌

116‌

4.00%,

04/20/2046

420‌

456‌

4.00%,

10/20/2046

118‌

128‌

4.00%,

11/20/2046

560‌

607‌

4.00%,

01/20/2047

34‌

37‌

4.00%,

02/20/2047

600‌

647‌

4.00%,

03/20/2047

432‌

466‌

4.00%,

05/20/2047

148‌

160‌

4.00%,

07/20/2047

3,043‌

3,279‌

4.00%,

09/20/2047

5,327‌

5,738‌

4.00%,

11/20/2047

970‌

1,042‌

4.00%,

12/20/2047

944‌

1,015‌

4.00%,

01/20/2048

639‌

687‌

4.00%,

02/20/2048

5,500‌

5,952‌

4.00%,

07/20/2048

842‌

900‌

4.50%,

03/15/2039

197‌

219‌

4.50%,

03/15/2040

260‌

290‌

4.50%,

07/15/2040

260‌

290‌

4.50%,

02/20/2041

39‌

43‌

4.50%,

03/20/2041

30‌

34‌

4.50%,

10/20/2043

150‌

166‌

4.50%,

11/20/2043

222‌

245‌

4.50%,

01/20/2044

273‌

301‌

4.50%,

02/20/2044

205‌

226‌

4.50%,

05/20/2044

510‌

563‌

4.50%,

07/20/2044

137‌

151‌

4.50%,

01/20/2045

105‌

116‌

4.50%,

04/20/2045

167‌

184‌

4.50%,

05/15/2045

149‌

165‌

4.50%,

05/20/2045

118‌

131‌

4.50%,

09/15/2045

71‌

78‌

4.50%,

02/20/2046

202‌

223‌

4.50%,

03/20/2046

105‌

115‌

4.50%,

04/20/2046

123‌

136‌

4.50%,

08/15/2046

105‌

117‌

4.50%,

12/20/2046

342‌

377‌

4.50%,

03/15/2047

219‌

241‌

4.50%,

06/20/2047

302‌

332‌

4.50%,

10/15/2047

196‌

215‌

4.50%,

02/20/2048

3,716‌

4,061‌

4.50%,

03/20/2048

164‌

177‌

4.50%,

05/20/2048

1,799‌

1,953‌

4.50%,

06/20/2048

523‌

568‌

4.50%,

07/20/2048

479‌

519‌

4.50%,

08/20/2048

863‌

929‌

4.50%,

09/20/2048

641‌

693‌

4.50%,

10/20/2048

652‌

706‌

4.50%,

11/20/2048

600‌

646‌

4.50%,

12/20/2048

521‌

562‌

5.00%,

05/15/2033

173‌

199‌

5.00%,

07/20/2038

155‌

175‌

5.00%,

10/15/2038

223‌

256‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Government

National

Mortgage

Association

(GNMA)

(continued)

5.00%,

04/20/2039

$

101‌

$

115‌

5.00%,

10/15/2041

157‌

176‌

5.00%,

01/20/2045

187‌

210‌

5.00%,

02/20/2046

61‌

68‌

5.00%,

12/20/2046

155‌

175‌

5.00%,

06/20/2048

3,368‌

3,683‌

5.00%,

08/20/2048

90‌

99‌

5.00%,

10/20/2048

336‌

368‌

5.50%,

03/15/2038

158‌

177‌

5.50%,

02/15/2039

64‌

71‌

5.50%,

06/15/2040

277‌

312‌

5.50%,

07/20/2044

140‌

158‌

5.50%,

09/20/2044

175‌

197‌

5.50%,

12/20/2048

49‌

53‌

$

173,964‌

U.S.

Treasury

-

38.56%

0.38%,

04/30/2025

6,635‌

6,656‌

1.13%,

07/31/2021

4,170‌

4,215‌

1.13%,

09/30/2021

3,585‌

3,630‌

1.13%,

02/28/2022

18,700‌

19,012‌

1.13%,

02/28/2027

5,890‌

6,143‌

1.25%,

10/31/2021

5,830‌

5,917‌

1.25%,

07/31/2023

7,125‌

7,361‌

1.25%,

08/31/2024

7,495‌

7,808‌

1.38%,

01/31/2022

4,630‌

4,722‌

1.38%,

06/30/2023

2,745‌

2,844‌

1.38%,

08/31/2023

10,210‌

10,596‌

1.38%,

09/30/2023

3,375‌

3,506‌

1.38%,

08/31/2026

5,900‌

6,239‌

1.50%,

08/31/2021

3,600‌

3,658‌

1.50%,

09/30/2021

1,450‌

1,475‌

1.50%,

10/31/2021

3,950‌

4,024‌

1.50%,

11/30/2021

6,450‌

6,578‌

1.50%,

01/31/2022

3,800‌

3,883‌

1.50%,

08/15/2022

2,200‌

2,264‌

1.50%,

09/15/2022

4,490‌

4,626‌

1.50%,

02/28/2023

2,090‌

2,165‌

1.50%,

03/31/2023

3,520‌

3,651‌

1.50%,

09/30/2024

1,925‌

2,027‌

1.50%,

11/30/2024

6,000‌

6,329‌

1.50%,

08/15/2026

2,230‌

2,374‌

1.50%,

02/15/2030

3,760‌

4,067‌

1.63%,

12/31/2021

3,025‌

3,094‌

1.63%,

08/15/2022

953‌

984‌

1.63%,

08/31/2022

3,500‌

3,614‌

1.63%,

11/15/2022

4,915‌

5,089‌

1.63%,

04/30/2023

1,875‌

1,953‌

1.63%,

05/31/2023

3,000‌

3,128‌

1.63%,

10/31/2023

3,270‌

3,427‌

1.63%,

02/15/2026

11,523‌

12,323‌

1.63%,

05/15/2026

5,851‌

6,266‌

1.63%,

09/30/2026

4,225‌

4,535‌

1.63%,

11/30/2026

6,285‌

6,753‌

1.63%,

08/15/2029

6,575‌

7,176‌

1.75%,

11/30/2021

3,600‌

3,685‌

1.75%,

02/28/2022

2,815‌

2,892‌

1.75%,

03/31/2022

3,070‌

3,158‌

1.75%,

04/30/2022

3,325‌

3,426‌

1.75%,

05/15/2022

2,620‌

2,701‌

1.75%,

05/31/2022

3,370‌

3,476‌

1.75%,

06/30/2022

2,730‌

2,819‌

1.75%,

09/30/2022

12,360‌

12,812‌

1.75%,

01/31/2023

2,110‌

2,198‌

1.75%,

05/15/2023

4,000‌

4,183‌

1.75%,

07/31/2024

11,385‌

12,088‌

1.75%,

11/15/2029

3,475‌

3,838‌

1.88%,

11/30/2021

4,660‌

4,779‌

1.88%,

01/31/2022

1,670‌

1,717‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

32

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

U.S.

Treasury

(continued)

1.88%,

02/28/2022

$

3,370‌

$

3,470‌

1.88%,

03/31/2022

3,750‌

3,866‌

1.88%,

04/30/2022

1,160‌

1,198‌

1.88%,

05/31/2022

1,580‌

1,634‌

1.88%,

07/31/2022

2,850‌

2,954‌

1.88%,

08/31/2022

2,655‌

2,757‌

1.88%,

09/30/2022

3,210‌

3,337‌

1.88%,

10/31/2022

3,955‌

4,117‌

1.88%,

08/31/2024

10,900‌

11,641‌

1.88%,

07/31/2026

3,000‌

3,263‌

2.00%,

08/31/2021

3,150‌

3,221‌

2.00%,

10/31/2021

4,750‌

4,872‌

2.00%,

11/15/2021

10,040‌

10,306‌

2.00%,

12/31/2021

3,000‌

3,086‌

2.00%,

02/15/2022

4,000‌

4,125‌

2.00%,

10/31/2022

6,420‌

6,702‌

2.00%,

11/30/2022

3,785‌

3,956‌

2.00%,

02/15/2023

4,741‌

4,973‌

2.00%,

04/30/2024

1,990‌

2,126‌

2.00%,

05/31/2024

4,660‌

4,984‌

2.00%,

06/30/2024

1,500‌

1,606‌

2.00%,

02/15/2025

8,075‌

8,715‌

2.00%,

08/15/2025

4,020‌

4,363‌

2.00%,

11/15/2026

2,840‌

3,118‌

2.00%,

02/15/2050

6,775‌

7,765‌

2.13%,

08/15/2021

2,810‌

2,875‌

2.13%,

09/30/2021

4,400‌

4,513‌

2.13%,

12/31/2021

4,000‌

4,123‌

2.13%,

05/15/2022

1,000‌

1,038‌

2.13%,

06/30/2022

2,000‌

2,081‌

2.13%,

12/31/2022

4,080‌

4,284‌

2.13%,

02/29/2024

5,315‌

5,690‌

2.13%,

03/31/2024

4,200‌

4,502‌

2.13%,

09/30/2024

7,825‌

8,448‌

2.13%,

11/30/2024

5,450‌

5,899‌

2.13%,

05/15/2025

6,500‌

7,075‌

2.13%,

05/31/2026

3,650‌

4,019‌

2.25%,

07/31/2021

3,500‌

3,584‌

2.25%,

04/15/2022

3,440‌

3,573‌

2.25%,

01/31/2024

4,855‌

5,214‌

2.25%,

04/30/2024

3,710‌

4,000‌

2.25%,

10/31/2024

8,350‌

9,072‌

2.25%,

11/15/2024

10,245‌

11,137‌

2.25%,

12/31/2024

4,000‌

4,356‌

2.25%,

11/15/2025

7,120‌

7,842‌

2.25%,

03/31/2026

4,985‌

5,515‌

2.25%,

02/15/2027

5,910‌

6,604‌

2.25%,

08/15/2027

6,565‌

7,381‌

2.25%,

11/15/2027

2,610‌

2,942‌

2.25%,

08/15/2046

3,620‌

4,293‌

2.25%,

08/15/2049

6,335‌

7,619‌

2.38%,

03/15/2022

3,535‌

3,674‌

2.38%,

01/31/2023

2,985‌

3,159‌

2.38%,

08/15/2024

8,135‌

8,853‌

2.38%,

04/30/2026

2,895‌

3,227‌

2.38%,

05/15/2027

6,075‌

6,862‌

2.38%,

05/15/2029

9,110‌

10,521‌

2.38%,

11/15/2049

2,205‌

2,725‌

2.50%,

01/15/2022

3,735‌

3,875‌

2.50%,

02/15/2022

3,375‌

3,508‌

2.50%,

03/31/2023

2,905‌

3,095‌

2.50%,

08/15/2023

5,285‌

5,672‌

2.50%,

01/31/2024

3,600‌

3,898‌

2.50%,

05/15/2024

3,500‌

3,810‌

2.50%,

01/31/2025

2,500‌

2,755‌

2.50%,

02/28/2026

2,840‌

3,179‌

2.50%,

02/15/2045

3,500‌

4,316‌

2.50%,

02/15/2046

815‌

1,009‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

U.S.

Treasury

(continued)

2.50%,

05/15/2046

$

4,080‌

$

5,060‌

2.63%,

06/15/2021

6,145‌

6,299‌

2.63%,

07/15/2021

3,000‌

3,081‌

2.63%,

12/15/2021

3,185‌

3,305‌

2.63%,

02/28/2023

3,030‌

3,233‌

2.63%,

06/30/2023

2,000‌

2,149‌

2.63%,

12/31/2023

3,435‌

3,729‌

2.63%,

12/31/2025

2,160‌

2,428‌

2.63%,

01/31/2026

6,790‌

7,641‌

2.63%,

02/15/2029

11,500‌

13,491‌

2.75%,

08/15/2021

2,640‌

2,721‌

2.75%,

09/15/2021

2,465‌

2,546‌

2.75%,

04/30/2023

2,875‌

3,088‌

2.75%,

05/31/2023

2,900‌

3,121‌

2.75%,

07/31/2023

2,818‌

3,045‌

2.75%,

08/31/2023

2,875‌

3,112‌

2.75%,

11/15/2023

6,380‌

6,937‌

2.75%,

02/15/2024

4,600‌

5,027‌

2.75%,

02/28/2025

3,500‌

3,903‌

2.75%,

08/31/2025

2,000‌

2,250‌

2.75%,

02/15/2028

4,790‌

5,595‌

2.75%,

08/15/2042

2,209‌

2,824‌

2.75%,

11/15/2042

3,230‌

4,129‌

2.75%,

08/15/2047

5,875‌

7,677‌

2.75%,

11/15/2047

4,620‌

6,045‌

2.88%,

10/15/2021

3,590‌

3,723‌

2.88%,

11/15/2021

3,190‌

3,315‌

2.88%,

09/30/2023

2,935‌

3,195‌

2.88%,

10/31/2023

3,405‌

3,713‌

2.88%,

11/30/2023

3,445‌

3,764‌

2.88%,

04/30/2025

3,325‌

3,740‌

2.88%,

05/31/2025

2,000‌

2,253‌

2.88%,

07/31/2025

2,000‌

2,259‌

2.88%,

11/30/2025

1,470‌

1,670‌

2.88%,

05/15/2028

6,645‌

7,854‌

2.88%,

08/15/2028

11,385‌

13,504‌

2.88%,

05/15/2043

4,430‌

5,783‌

2.88%,

08/15/2045

3,000‌

3,955‌

2.88%,

11/15/2046

4,855‌

6,459‌

2.88%,

05/15/2049

3,435‌

4,646‌

3.00%,

09/30/2025

540‌

616‌

3.00%,

10/31/2025

3,000‌

3,424‌

3.00%,

11/15/2044

4,505‌

6,033‌

3.00%,

11/15/2045

2,620‌

3,533‌

3.00%,

02/15/2047

3,135‌

4,272‌

3.00%,

05/15/2047

3,235‌

4,409‌

3.00%,

02/15/2048

2,325‌

3,184‌

3.00%,

08/15/2048

5,075‌

6,980‌

3.00%,

02/15/2049

7,625‌

10,524‌

3.13%,

11/15/2028

7,025‌

8,507‌

3.13%,

11/15/2041

2,600‌

3,515‌

3.13%,

02/15/2042

1,140‌

1,544‌

3.13%,

02/15/2043

2,680‌

3,631‌

3.13%,

08/15/2044

3,605‌

4,918‌

3.13%,

05/15/2048

3,250‌

4,555‌

3.38%,

05/15/2044

3,845‌

5,438‌

3.38%,

11/15/2048

6,470‌

9,508‌

3.63%,

08/15/2043

2,840‌

4,145‌

3.63%,

02/15/2044

3,330‌

4,876‌

3.75%,

08/15/2041

2,660‌

3,912‌

3.75%,

11/15/2043

2,960‌

4,406‌

3.88%,

08/15/2040

2,230‌

3,321‌

4.25%,

05/15/2039

2,135‌

3,305‌

4.25%,

11/15/2040

1,038‌

1,621‌

4.38%,

02/15/2038

495‌

770‌

4.38%,

05/15/2040

389‌

615‌

4.38%,

05/15/2041

1,610‌

2,559‌

4.50%,

02/15/2036

1,550‌

2,376‌

Schedule

of

Investments

Bond

Market

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

33

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

U.S.

Treasury

(continued)

4.50%,

08/15/2039

$

2,945‌

$

4,691‌

4.63%,

02/15/2040

925‌

1,501‌

4.75%,

02/15/2041

2,589‌

4,291‌

5.25%,

11/15/2028

409‌

567‌

5.25%,

02/15/2029

795‌

1,111‌

5.38%,

02/15/2031

2,620‌

3,907‌

6.00%,

02/15/2026

2,000‌

2,635‌

6.13%,

11/15/2027

1,260‌

1,781‌

6.25%,

05/15/2030

2,000‌

3,091‌

6.38%,

08/15/2027

1,540‌

2,184‌

6.50%,

11/15/2026

1,000‌

1,387‌

6.63%,

02/15/2027

795‌

1,119‌

$

908,887‌

TOTAL

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

$

1,541,747‌

Total

Investments

$

2,459,201‌

Other

Assets

and

Liabilities

-  (4.34)%

(102,196‌)

TOTAL

NET

ASSETS

-

100.00%

$

2,357,005‌

(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

$5,845

or

0.25%

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.

(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)

Security

purchased

on

a

when-issued

basis.

(h)

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

$18,152

or

0.77%

of

net

assets.

(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)

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

42.93‌%

Mortgage

Securities

28.51‌%

Financial

8.62‌%

Money

Market

Funds

5.37‌%

Consumer,

Non-cyclical

4.88‌%

Communications

2.72‌%

Energy

2.29‌%

Utilities

2.13‌%

Industrial

2.07‌%

Technology

1.92‌%

Consumer,

Cyclical

1.27‌%

Basic

Materials

0.65‌%

Revenue

Bonds

0.37‌%

Asset

Backed

Securities

0.33‌%

General

Obligation

Unlimited

0.23‌%

Insured

0.03‌%

General

Obligation

Limited

0.02‌%

Other

Assets

and

Liabilities

(4.34‌)%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

August

31,

2019

Purchases

Sales

May

31,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

74,643‌

$

990,903‌

$

940,332‌

$

125,214‌

$

74,643‌

$

990,903‌

$

940,332‌

$

125,214‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

937‌

$

—‌

$

—‌

$

—‌

$

937‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

Capital

Securities

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

34

INVESTMENT

COMPANIES

-

3.32%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0.16%

Invesco

Preferred

ETF

34,664‌

$

498‌

iShares

Preferred

&

Income

Securities

ETF

(a)

18,663‌

656‌

$

1,154‌

Money

Market

Funds

-

3.16%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.10%

(b),(c)

1,721,941‌

1,722‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(b),(c),(d),(e)

21,792,837‌

21,793‌

$

23,515‌

TOTAL

INVESTMENT

COMPANIES

$

24,669‌

CONVERTIBLE

PREFERRED

STOCKS

-

0.35%

Shares

Held

Value

(000's)

Hand

&

Machine

Tools

-

0.35%

Stanley

Black

&

Decker

Inc

0.00%,

05/15/2021

(e),(f)

2,500‌

$

2,613‌

TOTAL

CONVERTIBLE

PREFERRED

STOCKS

$

2,613‌

PREFERRED

STOCKS

-

3.81%

Shares

Held

Value

(000's)

Banks

-

1.06%

Fifth

Third

Bancorp

6.63%,

12/31/2023

(f)

88,310‌

2,407‌

3

Month

USD

LIBOR

+

3.71%

First

Republic

Bank/CA

5.13%,

06/30/2022

(f)

45,549‌

1,183‌

HSBC

Holdings

PLC

6.20%,

07/01/2020

(f)

3,347‌

87‌

Huntington

Bancshares

Inc/OH

6.25%,

04/15/2021

(f)

78,159‌

2,006‌

KeyCorp

6.13%,

12/15/2026

(f)

30,920‌

868‌

3

Month

USD

LIBOR

+

3.89%

Valley

National

Bancorp

6.25%,

06/30/2025

(f)

28,980‌

718‌

3

Month

USD

LIBOR

+

3.85%

Webster

Financial

Corp

5.25%,

12/15/2022

(a),(f)

24,861‌

640‌

$

7,909‌

Diversified

Financial

Services

-

0.16%

Capital

One

Financial

Corp

5.00%,

12/01/2024

(f)

50,000‌

1,168‌

Electric

-

0.13%

Southern

Co/The

0.00%,

01/30/2080

(e)

37,500‌

936‌

Southern

Co/The

6.25%,

10/15/2075

1,300‌

33‌

$

969‌

Gas

-

0.01%

Entergy

New

Orleans

LLC

5.50%,

04/01/2066

900‌

24‌

NiSource

Inc

6.50%,

03/15/2024

(f)

2,439‌

64‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.63%

$

88‌

Insurance

-

0.38%

American

Financial

Group

Inc/OH

5.13%,

12/15/2059

(a)

425‌

10‌

Arch

Capital

Group

Ltd

5.45%,

08/17/2022

(f)

2,000‌

51‌

Equitable

Holdings

Inc

5.25%,

12/15/2024

(f)

40,265‌

962‌

MetLife

Inc

0.00%,

03/15/2025

(e),(f)

40,000‌

993‌

Voya

Financial

Inc

5.35%,

09/15/2029

(f)

30,000‌

772‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.21%

$

2,788‌

Pipelines

-

0.52%

Enbridge

Inc

6.38%,

04/15/2078

158,468‌

3,843‌

3

Month

USD

LIBOR

+

3.59%

REITs

-

0.27%

Digital

Realty

Trust

Inc

5.88%,

07/01/2020

(f)

724‌

19‌

Kimco

Realty

Corp

5.25%,

12/20/2022

(f)

14,318‌

346‌

PS

Business

Parks

Inc

4.88%,

11/04/2024

(f)

1,447‌

35‌

PS

Business

Parks

Inc

5.20%,

12/07/2022

(f)

2,000‌

51‌

PS

Business

Parks

Inc

5.25%,

09/21/2022

(f)

500‌

13‌

Public

Storage

4.88%,

09/12/2024

(f)

38,279‌

994‌

Public

Storage

5.13%,

05/17/2021

(a),(f)

8,790‌

227‌

Public

Storage

5.38%,

07/01/2020

(f)

6,501‌

166‌

Public

Storage

5.40%,

01/20/2021

(f)

2,031‌

52‌

Public

Storage

5.60%,

03/11/2024

(f)

500‌

14‌

Vornado

Realty

Trust

5.70%,

07/01/2020

(a),(f)

5,120‌

126‌

$

2,043‌

PREFERRED

STOCKS

(continued)

Shares

Held

Value

(000’s)

Sovereign

-

0.90%

CoBank

ACB

6.13%,

10/01/2020

(f)

6,000‌

$

609‌

CoBank

ACB

6.20%,

01/01/2025

(f)

10,000‌

1,061‌

3

Month

USD

LIBOR

+

3.74%

CoBank

ACB

6.25%,

10/01/2022

(f)

38,800‌

3,977‌

3

Month

USD

LIBOR

+

4.56%

Farm

Credit

Bank

of

Texas

6.75%,

09/15/2023

(f),(g)

10,000‌

1,010‌

3

Month

USD

LIBOR

+

4.01%

$

6,657‌

Telecommunications

-

0.38%

AT&T

Inc

0.00%,

02/18/2025

(e),(f)

120,000‌

2,848‌

TOTAL

PREFERRED

STOCKS

$

28,313‌

BONDS

-

91.81%

Principal

Amount

(000's)

Value

(000's)

Banks

-

49.33%

Australia

&

New

Zealand

Banking

Group

Ltd/

United

Kingdom

6.75%,

12/31/2049

(f),(g),(h)

$

1,900‌

$

2,103‌

USD

Swap

Rate

NY

5

Year

+

5.17%

Banco

Bilbao

Vizcaya

Argentaria

SA

6.50%,

12/31/2049

(f),(h)

9,400‌

8,836‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.19%

Bank

of

America

Corp

6.25%,

12/31/2049

(f),(h)

2,000‌

2,070‌

3

Month

USD

LIBOR

+

3.71%

6.30%,

12/31/2049

(f),(h)

2,000‌

2,190‌

3

Month

USD

LIBOR

+

4.55%

6.50%,

12/31/2049

(f),(h)

3,000‌

3,233‌

3

Month

USD

LIBOR

+

4.17%

Bank

of

New

York

Mellon

Corp/The

4.62%,

12/31/2099

(f),(h)

7,408‌

7,223‌

3

Month

USD

LIBOR

+

3.13%

4.95%,

12/31/2049

(f),(h)

8,100‌

7,638‌

3

Month

USD

LIBOR

+

3.42%

Barclays

Bank

PLC

6.28%,

12/31/2049

(f),(h)

5,450‌

5,648‌

3

Month

USD

LIBOR

+

1.55%

10.18%,

06/12/2021

(g)

3,000‌

3,246‌

10.18%,

06/12/2021

900‌

974‌

Barclays

PLC

8.00%,

12/31/2049

(f),(h)

5,000‌

5,124‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.67%

BNP

Paribas

SA

4.50%,

12/31/2049

(f),(g),(h)

3,000‌

2,569‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.94%

6.63%,

12/31/2049

(f),(h)

800‌

818‌

USD

Swap

Rate

NY

5

Year

+

4.15%

7.20%,

12/31/2049

(f),(g),(h)

1,300‌

1,399‌

3

Month

USD

LIBOR

+

1.29%

7.37%,

12/31/2049

(a),(f),(g),(h)

6,103‌

6,690‌

USD

Swap

Semi-Annual

5

Year

+

5.15%

7.63%,

12/31/2049

(f),(g),(h)

2,242‌

2,298‌

USD

Swap

Semi-Annual

5

Year

+

6.31%

7.63%,

12/31/2049

(f),(h)

7,800‌

7,995‌

USD

Swap

Semi-Annual

5

Year

+

6.31%

Citigroup

Inc

4.70%,

12/31/2049

(f),(h)

600‌

523‌

United

States

Secured

Overnight

Financing

Rate

+

3.23%

5.95%,

12/31/2049

(f),(h)

1,000‌

935‌

3

Month

USD

LIBOR

+

4.10%

6.13%,

12/31/2049

(f),(h)

6,000‌

5,863‌

3

Month

USD

LIBOR

+

4.48%

6.25%,

12/31/2049

(f),(h)

1,500‌

1,597‌

3

Month

USD

LIBOR

+

4.52%

Schedule

of

Investments

Capital

Securities

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

35

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Citizens

Financial

Group

Inc

5.33%,

12/31/2049

(f)

$

9,490‌

$

8,057‌

3

Month

USD

LIBOR

+

3.96%

6.00%,

12/31/2049

(f),(h)

3,184‌

2,802‌

3

Month

USD

LIBOR

+

3.00%

6.38%,

12/31/2049

(f),(h)

3,500‌

3,288‌

3

Month

USD

LIBOR

+

3.16%

Comerica

Inc

5.63%,

12/31/2049

(f),(h)

7,300‌

7,260‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.29%

Corestates

Capital

III

0.96%,

02/15/2027

(g)

22,771‌

20,083‌

3

Month

USD

LIBOR

+

0.57%

Credit

Agricole

SA

7.88%,

12/31/2049

(f),(h)

2,300‌

2,508‌

USD

Swap

Semi-Annual

5

Year

+

4.90%

8.13%,

12/31/2049

(f),(g),(h)

7,232‌

8,281‌

USD

Swap

Semi-Annual

5

Year

+

6.19%

Credit

Suisse

AG

6.50%,

08/08/2023

600‌

648‌

Credit

Suisse

Group

AG

6.25%,

12/31/2049

(f),(g),(h)

5,490‌

5,741‌

USD

Swap

Semi-Annual

5

Year

+

3.46%

6.38%,

12/31/2099

(f),(g),(h)

5,000‌

5,117‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.82%

7.50%,

12/31/2049

(f),(g),(h)

6,250‌

6,718‌

USD

Swap

Semi-Annual

5

Year

+

4.60%

Danske

Bank

A/S

6.13%,

12/31/2099

(f),(h)

6,600‌

6,451‌

USD

Swap

Semi-Annual

7

Year

+

3.90%

Goldman

Sachs

Group

Inc/The

4.37%,

12/31/2049

(f)

2,000‌

1,793‌

3

Month

USD

LIBOR

+

3.92%

4.95%,

12/31/2049

(f),(h)

1,000‌

960‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.22%

5.50%,

12/31/2049

(a),(f),(h)

2,000‌

2,050‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.62%

HSBC

Capital

Funding

Dollar

1

LP

10.18%,

12/31/2049

(f),(g),(h)

1,700‌

2,635‌

3

Month

USD

LIBOR

+

4.98%

10.18%,

12/31/2049

(f),(h)

4,400‌

6,820‌

3

Month

USD

LIBOR

+

4.98%

HSBC

Holdings

PLC

6.00%,

12/31/2099

(f),(h)

3,000‌

2,914‌

USD

Swap

Rate

NY

5

Year

+

3.75%

6.38%,

12/31/2049

(f),(h)

1,300‌

1,282‌

USD

Swap

Rate

NY

5

Year

+

3.71%

6.50%,

12/31/2099

(f),(h)

500‌

498‌

USD

Swap

Rate

NY

5

Year

+

3.61%

6.87%,

12/31/2049

(f),(h)

8,100‌

8,300‌

USD

Swap

Rate

NY

5

Year

+

5.51%

Huntington

Bancshares

Inc/OH

5.63%,

12/31/2049

(f),(h),(i)

1,900‌

1,909‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

10

Year

+

4.95%

Huntington

Capital

II

1.37%,

06/15/2028

2,400‌

2,047‌

3

Month

USD

LIBOR

+

0.63%

ING

Groep

NV

5.75%,

12/31/2049

(f),(h)

7,000‌

6,781‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.34%

6.50%,

12/31/2049

(f),(h)

500‌

508‌

USD

Swap

Semi-Annual

5

Year

+

4.45%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

JPMorgan

Chase

&

Co

4.49%,

12/31/2099

(f)

$

5,000‌

$

4,609‌

3

Month

USD

LIBOR

+

3.80%

4.60%,

12/31/2049

(f),(h)

4,900‌

4,355‌

United

States

Secured

Overnight

Financing

Rate

+

3.13%

6.75%,

12/31/2049

(f),(h)

2,000‌

2,130‌

3

Month

USD

LIBOR

+

3.78%

KeyCorp

5.00%,

12/31/2049

(f),(h)

4,000‌

3,740‌

3

Month

USD

LIBOR

+

3.61%

KeyCorp

Capital

I

2.17%,

07/01/2028

2,000‌

1,722‌

3

Month

USD

LIBOR

+

0.74%

KeyCorp

Capital

III

7.75%,

07/15/2029

1,500‌

1,964‌

Lloyds

Bank

PLC

12.00%,

12/31/2049

(f),(g),(h)

3,100‌

3,540‌

3

Month

USD

LIBOR

+

11.76%

12.00%,

12/31/2049

(f),(h)

5,500‌

6,280‌

3

Month

USD

LIBOR

+

11.76%

Lloyds

Banking

Group

PLC

6.41%,

12/31/2049

(f),(g),(h)

1,200‌

1,266‌

3

Month

USD

LIBOR

+

1.50%

7.50%,

12/31/2049

(f),(h)

4,300‌

4,391‌

USD

Swap

Semi-Annual

5

Year

+

4.76%

7.50%,

12/31/2049

(f),(h)

6,600‌

6,799‌

USD

Swap

Semi-Annual

5

Year

+

4.50%

M&T

Bank

Corp

5.12%,

12/31/2049

(f),(h)

4,000‌

4,000‌

3

Month

USD

LIBOR

+

3.52%

6.45%,

12/31/2049

(f),(h)

1,300‌

1,339‌

3

Month

USD

LIBOR

+

3.61%

Nordea

Bank

Abp

6.13%,

12/31/2049

(f),(g),(h)

4,300‌

4,298‌

USD

Swap

Semi-Annual

5

Year

+

3.39%

6.63%,

12/31/2099

(f),(g),(h)

13,400‌

14,170‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.11%

Northern

Trust

Corp

4.60%,

12/31/2049

(f),(h)

8,898‌

8,587‌

3

Month

USD

LIBOR

+

3.20%

NTC

Capital

I

1.74%,

01/15/2027

1,250‌

1,141‌

3

Month

USD

LIBOR

+

0.52%

NTC

Capital

II

1.81%,

04/15/2027

1,200‌

1,061‌

3

Month

USD

LIBOR

+

0.59%

PNC

Capital

Trust

C

2.15%,

06/01/2028

3,000‌

2,576‌

3

Month

USD

LIBOR

+

0.57%

RBS

Capital

Trust

II

6.43%,

12/31/2049

(f),(h)

600‌

856‌

3

Month

USD

LIBOR

+

1.94%

Royal

Bank

of

Scotland

Group

PLC

3.77%,

12/31/2049

(f)

1,000‌

896‌

3

Month

USD

LIBOR

+

2.32%

7.50%,

12/31/2049

(f),(h)

6,896‌

6,754‌

USD

Swap

Semi-Annual

5

Year

+

5.80%

7.65%,

12/31/2049

(f),(h)

1,800‌

2,565‌

3

Month

USD

LIBOR

+

2.50%

8.00%,

12/31/2049

(f),(h)

1,000‌

1,080‌

USD

Swap

Semi-Annual

5

Year

+

5.72%

8.62%,

12/31/2049

(f),(h)

2,800‌

2,907‌

USD

Swap

Semi-Annual

5

Year

+

7.60%

Skandinaviska

Enskilda

Banken

AB

5.63%,

12/31/2049

(f),(h)

200‌

199‌

USD

Swap

Semi-Annual

5

Year

+

3.49%

Schedule

of

Investments

Capital

Securities

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

36

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Societe

Generale

SA

7.38%,

12/31/2049

(f),(g),(h)

$

5,500‌

$

5,375‌

USD

Swap

Semi-Annual

5

Year

+

4.30%

7.38%,

12/31/2049

(f),(g),(h)

5,000‌

5,034‌

USD

Swap

Semi-Annual

5

Year

+

6.24%

8.00%,

12/31/2049

(f),(g),(h)

3,500‌

3,745‌

USD

Swap

Rate

NY

5

Year

+

5.87%

Standard

Chartered

PLC

7.01%,

12/31/2049

(f),(g),(h)

7,800‌

8,463‌

3

Month

USD

LIBOR

+

1.46%

7.01%,

12/31/2049

(f),(h)

3,600‌

3,906‌

3

Month

USD

LIBOR

+

1.46%

7.50%,

12/31/2049

(f),(g),(h)

3,300‌

3,387‌

USD

Swap

Semi-Annual

5

Year

+

6.30%

7.75%,

12/31/2049

(f),(g),(h)

1,000‌

1,031‌

USD

Swap

Semi-Annual

5

Year

+

5.72%

Swedbank

AB

6.00%,

12/31/2049

(f),(h)

4,400‌

4,394‌

USD

Swap

Semi-Annual

5

Year

+

4.11%

TCF

National

Bank

5.50%,

05/06/2030

(h)

2,000‌

2,005‌

3

Month

USD

LIBOR

+

5.09%

Truist

Bank

1.06%,

05/15/2027

4,500‌

3,860‌

3

Month

USD

LIBOR

+

0.67%

1.39%,

03/15/2028

2,000‌

1,713‌

3

Month

USD

LIBOR

+

0.65%

Truist

Financial

Corp

4.80%,

12/31/2099

(f),(h)

21,200‌

20,161‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.00%

4.95%,

12/31/2049

(f),(h),(i)

2,800‌

2,821‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.61%

UBS

Group

AG

6.88%,

12/31/2049

(f),(h)

9,200‌

9,649‌

USD

Swap

Semi-Annual

(VS

6

Month)

5

Year

+

4.59%

7.00%,

12/31/2049

(f),(g),(h)

1,400‌

1,442‌

USD

Swap

Semi-Annual

5

Year

+

4.34%

US

Bancorp

5.12%,

12/31/2049

(f),(h)

2,000‌

1,989‌

3

Month

USD

LIBOR

+

3.49%

$

366,623‌

Diversified

Financial

Services

-

3.77%

American

Express

Co

4.03%,

12/31/2049

(f)

4,500‌

3,757‌

3

Month

USD

LIBOR

+

3.29%

Capital

One

Financial

Corp

5.55%,

12/31/2049

(f)

4,000‌

3,260‌

3

Month

USD

LIBOR

+

3.80%

Charles

Schwab

Corp/The

5.38%,

12/31/2049

(f),(h)

9,200‌

9,747‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.97%

7.00%,

12/31/2049

(f),(h)

5,813‌

6,100‌

3

Month

USD

LIBOR

+

4.82%

Depository

Trust

&

Clearing

Corp/The

4.88%,

12/31/2049

(f),(g),(h)

6,000‌

5,160‌

3

Month

USD

LIBOR

+

3.17%

$

28,024‌

Electric

-

5.04%

Dominion

Energy

Inc

4.65%,

12/31/2099

(f),(h)

8,500‌

8,316‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.99%

5.75%,

10/01/2054

(h)

6,775‌

6,919‌

3

Month

USD

LIBOR

+

3.06%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Electric

(continued)

Duke

Energy

Corp

4.88%,

12/31/2099

(f),(h)

$

4,450‌

$

4,506‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.39%

Emera

Inc

6.75%,

06/15/2076

(h)

10,000‌

10,820‌

3

Month

USD

LIBOR

+

5.44%

Enel

SpA

8.75%,

09/24/2073

(g),(h)

1,700‌

1,930‌

USD

Swap

Semi-Annual

5

Year

+

5.88%

National

Rural

Utilities

Cooperative

Finance

Corp

5.25%,

04/20/2046

(h)

700‌

736‌

3

Month

USD

LIBOR

+

3.63%

NextEra

Energy

Capital

Holdings

Inc

2.87%,

06/15/2067

580‌

443‌

3

Month

USD

LIBOR

+

2.13%

3.50%,

10/01/2066

4,500‌

3,555‌

3

Month

USD

LIBOR

+

2.07%

4.80%,

12/01/2077

(h)

250‌

254‌

3

Month

USD

LIBOR

+

2.41%

$

37,479‌

Food

-

0.58%

Dairy

Farmers

of

America

Inc

7.13%,

12/31/2049

(f),(g)

5,000‌

4,294‌

Gas

-

1.18%

NiSource

Inc

5.65%,

12/31/2049

(f),(h)

9,195‌

8,735‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.84%

Hand

&

Machine

Tools

-

0.15%

Stanley

Black

&

Decker

Inc

4.00%,

03/15/2060

(h)

1,100‌

1,091‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.66%

Insurance

-

25.49%

ACE

Capital

Trust

II

9.70%,

04/01/2030

2,570‌

3,656‌

Allstate

Corp/The

5.75%,

08/15/2053

(h)

9,900‌

10,049‌

3

Month

USD

LIBOR

+

2.94%

American

International

Group

Inc

5.75%,

04/01/2048

(h)

13,077‌

13,274‌

3

Month

USD

LIBOR

+

2.87%

8.18%,

05/15/2068

(h)

6,700‌

8,272‌

3

Month

USD

LIBOR

+

4.20%

Aon

Corp

8.21%,

01/01/2027

1,000‌

1,170‌

Argentum

Netherlands

BV

for

Zurich

Insurance

Co

Ltd

5.13%,

06/01/2048

(h)

2,000‌

2,134‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.27%

AXA

SA

6.38%,

12/31/2049

(f),(g),(h)

4,905‌

6,180‌

3

Month

USD

LIBOR

+

2.26%

8.60%,

12/15/2030

2,400‌

3,399‌

Cloverie

PLC

for

Zurich

Insurance

Co

Ltd

5.63%,

06/24/2046

(h)

12,100‌

13,471‌

3

Month

USD

LIBOR

+

4.92%

Everest

Reinsurance

Holdings

Inc

2.78%,

05/01/2067

1,600‌

1,204‌

3

Month

USD

LIBOR

+

2.39%

Hartford

Financial

Services

Group

Inc/The

2.52%,

02/12/2067

(g)

2,800‌

2,219‌

3

Month

USD

LIBOR

+

2.13%

Legal

&

General

Group

PLC

5.25%,

03/21/2047

(h)

4,700‌

4,897‌

USD

Swap

Semi-Annual

5

Year

+

3.69%

Schedule

of

Investments

Capital

Securities

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

37

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Insurance

(continued)

Liberty

Mutual

Group

Inc

7.80%,

03/07/2087

(g)

$

6,100‌

$

7,072‌

3

Month

USD

LIBOR

+

3.58%

Liberty

Mutual

Insurance

Co

7.70%,

10/15/2097

(g)

1,100‌

1,619‌

Lincoln

National

Corp

3.18%,

04/20/2067

4,200‌

2,831‌

3

Month

USD

LIBOR

+

2.04%

Meiji

Yasuda

Life

Insurance

Co

5.10%,

04/26/2048

(a),(g),(h)

1,300‌

1,456‌

USD

Swap

Rate

NY

5

Year

+

3.15%

5.20%,

10/20/2045

(g),(h)

1,000‌

1,133‌

USD

Swap

Semi-Annual

5

Year

+

4.23%

MetLife

Capital

Trust

IV

7.88%,

12/15/2067

(g)

1,800‌

2,277‌

MetLife

Inc

5.25%,

12/31/2049

(f),(h)

3,500‌

3,133‌

3

Month

USD

LIBOR

+

3.58%

6.40%,

12/15/2066

700‌

811‌

3

Month

USD

LIBOR

+

2.21%

9.25%,

04/08/2068

(g)

4,500‌

6,233‌

3

Month

USD

LIBOR

+

5.54%

10.75%,

08/01/2069

4,300‌

6,558‌

3

Month

USD

LIBOR

+

7.55%

Mitsui

Sumitomo

Insurance

Co

Ltd

7.00%,

03/15/2072

(g),(h)

3,600‌

3,888‌

3

Month

USD

LIBOR

+

5.90%

7.00%,

03/15/2072

(h)

2,500‌

2,700‌

3

Month

USD

LIBOR

+

5.90%

Nationwide

Financial

Services

Inc

6.75%,

05/15/2087

500‌

564‌

Nippon

Life

Insurance

Co

5.00%,

10/18/2042

(g),(h)

1,525‌

1,607‌

3

Month

USD

LIBOR

+

4.24%

5.10%,

10/16/2044

(h)

785‌

864‌

USD

Swap

Rate

NY

5

Year

+

3.65%

Progressive

Corp/The

5.38%,

12/31/2049

(f),(h)

16,478‌

15,885‌

3

Month

USD

LIBOR

+

2.54%

Prudential

Financial

Inc

5.63%,

06/15/2043

(h)

9,380‌

9,711‌

3

Month

USD

LIBOR

+

3.92%

5.88%,

09/15/2042

(h)

11,000‌

11,568‌

3

Month

USD

LIBOR

+

4.18%

QBE

Insurance

Group

Ltd

5.88%,

12/31/2049

(f),(g),(h)

1,900‌

1,945‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.51%

Sumitomo

Life

Insurance

Co

6.50%,

09/20/2073

(g),(h)

3,000‌

3,390‌

3

Month

USD

LIBOR

+

4.44%

Swiss

Re

Finance

Luxembourg

SA

5.00%,

04/02/2049

(g),(h)

17,400‌

19,159‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.58%

Voya

Financial

Inc

4.70%,

01/23/2048

(h)

3,300‌

3,003‌

3

Month

USD

LIBOR

+

2.08%

5.65%,

05/15/2053

(h)

10,800‌

10,708‌

3

Month

USD

LIBOR

+

3.58%

6.13%,

12/31/2049

(f),(h)

1,400‌

1,386‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.36%

$

189,426‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pipelines

-

5.11%

Enbridge

Inc

6.00%,

01/15/2077

(h)

$

500‌

$

483‌

3

Month

USD

LIBOR

+

3.89%

6.25%,

03/01/2078

(h)

7,000‌

6,720‌

3

Month

USD

LIBOR

+

3.64%

Enterprise

Products

Operating

LLC

5.25%,

08/16/2077

(h)

14,212‌

12,805‌

3

Month

USD

LIBOR

+

3.03%

5.38%,

02/15/2078

(h)

1,300‌

1,165‌

3

Month

USD

LIBOR

+

2.57%

Transcanada

Trust

5.50%,

09/15/2079

(h)

12,500‌

12,190‌

3

Month

USD

LIBOR

+

4.15%

5.63%,

05/20/2075

(h)

600‌

575‌

3

Month

USD

LIBOR

+

3.53%

5.87%,

08/15/2076

(h)

4,000‌

4,033‌

3

Month

USD

LIBOR

+

4.64%

$

37,971‌

Sovereign

-

0.26%

CoBank

ACB

6.25%,

12/31/2049

(f),(h)

1,000‌

1,005‌

3

Month

USD

LIBOR

+

4.66%

Farm

Credit

Bank

of

Texas

6.20%,

12/31/2049

(f),(g),(h)

1,000‌

945‌

3

Month

USD

LIBOR

+

3.22%

$

1,950‌

Telecommunications

-

0.22%

Koninklijke

KPN

NV

7.00%,

03/28/2073

(h)

1,000‌

1,058‌

USD

Swap

Semi-Annual

10

Year

+

5.21%

Vodafone

Group

PLC

7.00%,

04/04/2079

(h)

500‌

579‌

USD

Swap

Semi-Annual

5

Year

+

4.87%

$

1,637‌

Transportation

-

0.68%

BNSF

Funding

Trust

I

6.61%,

12/15/2055

(h)

5,000‌

5,067‌

3

Month

USD

LIBOR

+

2.35%

TOTAL

BONDS

$

682,297‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

-

0.61%

Principal

Amount

(000's)

Value

(000's)

U.S.

Treasury

-

0.61%

0.25%,

04/15/2023

$

2,500‌

$

2,505‌

0.38%,

03/31/2022

2,000‌

2,007‌

$

4,512‌

TOTAL

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

$

4,512‌

Total

Investments

$

742,404‌

Other

Assets

and

Liabilities

-  0.10%

744‌

TOTAL

NET

ASSETS

-

100.00%

$

743,148‌

(a)

Security

or

a

portion

of

the

security

was

on

loan

at

the

end

of

the

period.

(b)

Current

yield

shown

is

as

of

period

end.

(c)

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

$7,102

or

0.96%

of

net

assets.

(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)

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.

Schedule

of

Investments

Capital

Securities

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

38

(g)

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

$190,148

or

25.59%

of

net

assets.

(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.

(i)

Security

purchased

on

a

when-issued

basis.

Portfolio

Summary  (unaudited)

Sector

Percent

Financial

80.46‌%

Utilities

6.36‌%

Energy

5.63‌%

Money

Market

Funds

3.16‌%

Government

1.77‌%

Industrial

1.18‌%

Communications

0.60‌%

Consumer,

Non-cyclical

0.58‌%

Investment

Companies

0.16‌%

Other

Assets

and

Liabilities

0.10‌%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

August

31,

2019

Purchases

Sales

May

31,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

16,563‌

$

261,638‌

$

256,408‌

$

21,793‌

$

16,563‌

$

261,638‌

$

256,408‌

$

21,793‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

204‌

$

—‌

$

—‌

$

—‌

$

204‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

39

INVESTMENT

COMPANIES

-

1.60%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0.01%

Invesco

S&P

Global

Water

Index

ETF

10,244‌

$

381‌

Money

Market

Funds

-

1.59%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.10%

(a),(b)

4,087,389‌

4,087‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c),(d)

46,090,866‌

46,091‌

$

50,178‌

TOTAL

INVESTMENT

COMPANIES

$

50,559‌

COMMON

STOCKS

-

51.88%

Shares

Held

Value

(000's)

Advertising

-

0.02%

Clear

Channel

Outdoor

Holdings

Inc

(d)

596,711‌

576‌

Agriculture

-

0.59%

Archer-Daniels-Midland

Co

326,454‌

12,833‌

Bunge

Ltd

150,161‌

5,859‌

$

18,692‌

Automobile

Parts

&

Equipment

-

0.07%

Georg

Fischer

AG

2,753‌

2,300‌

Biotechnology

-

0.07%

Advanz

Pharma

Corp

Ltd

(d),(e)

15,259‌

53‌

Corteva

Inc

82,299‌

2,247‌

$

2,300‌

Building

Materials

-

0.70%

American

Woodmark

Corp

(d)

5,633‌

354‌

Builders

FirstSource

Inc

(d)

61,336‌

1,276‌

Fortune

Brands

Home

&

Security

Inc

18,775‌

1,145‌

Geberit

AG

14,500‌

7,095‌

Louisiana-Pacific

Corp

266,973‌

6,303‌

Norbord

Inc

206,155‌

3,948‌

Pinnacle

Renewable

Energy

Inc

(f)

101,931‌

291‌

UFP

Industries

Inc

34,766‌

1,590‌

$

22,002‌

Chemicals

-

1.69%

Air

Liquide

SA

48,618‌

6,611‌

CF

Industries

Holdings

Inc

337,281‌

9,906‌

FMC

Corp

103,685‌

10,204‌

ICL

Group

Ltd

604,452‌

2,108‌

Ingevity

Corp

(d)

16,337‌

860‌

K+S

AG

(f)

275,761‌

1,763‌

Mosaic

Co/The

503,751‌

6,090‌

Nutrien

Ltd

55,300‌

1,888‌

OCI

NV

(d)

134,468‌

1,525‌

Olin

Corp

(f)

107,161‌

1,289‌

Sociedad

Quimica

y

Minera

de

Chile

SA

ADR

81,758‌

1,992‌

Yara

International

ASA

273,525‌

9,409‌

$

53,645‌

Commercial

Services

-

1.84%

ALEATICA

SAB

de

CV

(d),(f)

6,840,253‌

5,660‌

Atlantia

SpA

(d)

847,949‌

13,940‌

Atlas

Arteria

Ltd

580,156‌

2,582‌

Cengage

Learning

Holdings

II

Inc

(d)

2,772‌

8‌

China

Merchants

Port

Holdings

Co

Ltd

1,453,687‌

1,783‌

Transurban

Group

3,593,482‌

34,323‌

$

58,296‌

Consumer

Products

-

0.13%

Avery

Dennison

Corp

19,558‌

2,165‌

Kimberly-Clark

Corp

12,727‌

1,800‌

$

3,965‌

Cosmetics

&

Personal

Care

-

0.14%

Essity

AB

(d)

55,587‌

1,841‌

Kao

Corp

11,700‌

942‌

Unicharm

Corp

45,800‌

1,710‌

$

4,493‌

Electric

-

9.91%

ACEA

SpA

27,644‌

536‌

Algonquin

Power

&

Utilities

Corp

323,900‌

4,535‌

American

Electric

Power

Co

Inc

178,916‌

15,253‌

AusNet

Services

11,370,063‌

13,332‌

CenterPoint

Energy

Inc

175,173‌

3,115‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Electric

(continued)

China

Longyuan

Power

Group

Corp

Ltd

4,339,000‌

$

2,119‌

Clearway

Energy

Inc

-

Class

C

753,600‌

16,511‌

CLP

Holdings

Ltd

590,500‌

5,796‌

CMS

Energy

Corp

82,092‌

4,809‌

Dominion

Energy

Inc

206,353‌

17,542‌

DTE

Energy

Co

59,609‌

6,412‌

Duke

Energy

Corp

155,518‌

13,317‌

Edison

International

184,032‌

10,694‌

EDP

-

Energias

de

Portugal

SA

2,935,023‌

13,711‌

Emera

Inc

358,903‌

14,269‌

Hera

SpA

487,966‌

1,869‌

Huadian

Fuxin

Energy

Corp

Ltd

(g)

13,432,000‌

2,616‌

Hydro

One

Ltd

(h)

651,133‌

12,617‌

Iberdrola

SA

862,317‌

9,337‌

Infraestructura

Energetica

Nova

SAB

de

CV

2,142,301‌

6,106‌

NextEra

Energy

Inc

95,863‌

24,499‌

Orsted

A/S

(h)

29,093‌

3,421‌

Red

Electrica

Corp

SA

1,223,140‌

21,537‌

Sembcorp

Industries

Ltd

562,600‌

542‌

Sempra

Energy

162,012‌

20,464‌

Southern

Co/The

101,749‌

5,807‌

Spark

Infrastructure

Group

12,597,270‌

17,741‌

SSE

PLC

866,411‌

13,317‌

Terna

Rete

Elettrica

Nazionale

SpA

3,255,905‌

22,120‌

Transmissora

Alianca

de

Energia

Eletrica

SA

1,816,700‌

9,788‌

$

313,732‌

Electronics

-

0.40%

Badger

Meter

Inc

19,538‌

1,195‌

Halma

PLC

253,609‌

7,360‌

Itron

Inc

(d)

40,859‌

2,632‌

Watts

Water

Technologies

Inc

18,525‌

1,541‌

$

12,728‌

Energy

-

Alternate

Sources

-

1.56%

First

Solar

Inc

(d)

100,305‌

4,676‌

NextEra

Energy

Partners

LP

407,545‌

20,829‌

TerraForm

Power

Inc

891,662‌

16,389‌

Vestas

Wind

Systems

A/S

72,939‌

7,450‌

$

49,344‌

Engineering

&

Construction

-

2.15%

Aegion

Corp

(d)

19,013‌

285‌

Aena

SME

SA

(d),(h)

106,335‌

15,176‌

Aeroports

de

Paris

30,827‌

3,213‌

Auckland

International

Airport

Ltd

1,164,917‌

4,719‌

Enav

SpA

(h)

2,179,252‌

9,927‌

Flughafen

Zurich

AG

(d)

57,095‌

7,899‌

Fomento

de

Construcciones

y

Contratas

SA

(d)

31,395‌

317‌

Grupo

Aeroportuario

del

Pacifico

SAB

de

CV

627,000‌

4,173‌

Sacyr

SA

758,678‌

1,488‌

Sydney

Airport

3,364,307‌

13,163‌

Vinci

SA

84,234‌

7,859‌

$

68,219‌

Environmental

Control

-

0.74%

Casella

Waste

Systems

Inc

(d)

129,073‌

6,576‌

China

Water

Affairs

Group

Ltd

526,000‌

352‌

Clean

Harbors

Inc

(d)

62,191‌

3,694‌

Covanta

Holding

Corp

258,873‌

2,330‌

Energy

Recovery

Inc

(d)

22,195‌

171‌

Evoqua

Water

Technologies

Corp

(d)

48,370‌

910‌

Kurita

Water

Industries

Ltd

71,800‌

1,988‌

METAWATER

Co

Ltd

7,300‌

326‌

Pentair

PLC

112,813‌

4,415‌

Tetra

Tech

Inc

33,742‌

2,662‌

$

23,424‌

Food

-

0.14%

Ingredion

Inc

26,879‌

2,264‌

Wilmar

International

Ltd

786,800‌

2,223‌

$

4,487‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

40

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Forest

Products

&

Paper

-

1.78%

Acadian

Timber

Corp

136,178‌

$

1,365‌

BillerudKorsnas

AB

65,425‌

894‌

Canfor

Corp

(d)

393,623‌

2,902‌

Clearwater

Paper

Corp

(d)

23,816‌

690‌

Domtar

Corp

21,062‌

430‌

Empresas

CMPC

SA

563,346‌

1,147‌

Holmen

AB

(d)

73,374‌

2,415‌

Interfor

Corp

(d)

403,421‌

2,760‌

International

Paper

Co

102,979‌

3,506‌

Mercer

International

Inc

67,307‌

543‌

Mondi

PLC

222,482‌

4,186‌

Nine

Dragons

Paper

Holdings

Ltd

2,824,000‌

2,484‌

Oji

Holdings

Corp

876,100‌

4,407‌

Sappi

Ltd

(d)

292,125‌

422‌

Smurfit

Kappa

Group

PLC

127,766‌

4,172‌

Stora

Enso

Oyj

464,325‌

5,698‌

Sumitomo

Forestry

Co

Ltd

129,100‌

1,641‌

Suzano

SA

(d)

248,700‌

1,761‌

Svenska

Cellulosa

AB

SCA

(d)

508,816‌

6,367‌

UPM-Kymmene

Oyj

140,068‌

4,042‌

West

Fraser

Timber

Co

Ltd

127,262‌

3,444‌

Western

Forest

Products

Inc

2,188,112‌

1,208‌

$

56,484‌

Gas

-

1.97%

Atmos

Energy

Corp

30,066‌

3,090‌

Enagas

SA

164,197‌

3,701‌

Italgas

SpA

1,425,665‌

7,763‌

National

Grid

PLC

1,580,977‌

18,190‌

NiSource

Inc

135,118‌

3,220‌

Snam

SpA

4,271,090‌

20,007‌

Southwest

Gas

Holdings

Inc

86,170‌

6,545‌

$

62,516‌

Hand

&

Machine

Tools

-

0.04%

Franklin

Electric

Co

Inc

25,826‌

1,310‌

Healthcare

-

Products

-

0.28%

Danaher

Corp

42,373‌

7,060‌

Hengan

International

Group

Co

Ltd

225,595‌

1,858‌

$

8,918‌

Healthcare

-

Services

-

0.00%

Millennium

Health

LLC

(d),(e),(g),(i)

22,091‌

—‌

Millennium

Health

LLC

(d),(e),(g),(i)

20,580‌

23‌

Millennium

Health

LLC

(d),(e),(g),(i)

19,318‌

19‌

$

42‌

Home

Builders

-

0.25%

DR

Horton

Inc

36,559‌

2,022‌

Lennar

Corp

-

A

Shares

27,734‌

1,677‌

PulteGroup

Inc

45,931‌

1,560‌

Toll

Brothers

Inc

45,041‌

1,455‌

TRI

Pointe

Group

Inc

(d)

86,855‌

1,244‌

$

7,958‌

Internet

-

0.00%

Catalina

Marketing

Corp

(d),(g),(i)

3,965‌

2‌

Iron

&

Steel

-

0.96%

ArcelorMittal

SA

(d)

632,807‌

6,060‌

Evraz

PLC

537,098‌

1,882‌

Fortescue

Metals

Group

Ltd

344,435‌

3,188‌

JFE

Holdings

Inc

240,600‌

1,772‌

Nippon

Steel

Corp

198,200‌

1,830‌

Novolipetsk

Steel

PJSC

118,190‌

2,290‌

Nucor

Corp

54,135‌

2,288‌

POSCO

13,911‌

2,047‌

Steel

Dynamics

Inc

196,078‌

5,208‌

thyssenkrupp

AG

(d)

234,184‌

1,592‌

Vale

SA

ADR

227,954‌

2,225‌

$

30,382‌

Lodging

-

0.10%

City

Developments

Ltd

556,400‌

3,044‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Machinery

-

Diversified

-

0.75%

ANDRITZ

AG

(d)

65,009‌

$

2,435‌

Gorman-Rupp

Co/The

11,751‌

360‌

Husqvarna

AB

151,048‌

1,120‌

IDEX

Corp

40,726‌

6,491‌

Kadant

Inc

7,492‌

725‌

Lindsay

Corp

7,257‌

682‌

Mueller

Water

Products

Inc

-

Class

A

105,785‌

988‌

Organo

Corp

4,200‌

237‌

SIG

Combibloc

Group

AG

(d)

55,061‌

927‌

Valmet

Oyj

67,554‌

1,766‌

Xylem

Inc/NY

120,858‌

8,018‌

$

23,749‌

Media

-

0.08%

Cumulus

Media

Inc

(d)

61,334‌

317‌

iHeartMedia

Inc

(d),(f)

253,758‌

2,208‌

$

2,525‌

Metal

Fabrication

&

Hardware

-

0.16%

Advanced

Drainage

Systems

Inc

34,812‌

1,543‌

Reliance

Worldwide

Corp

Ltd

530,298‌

1,084‌

Rexnord

Corp

81,850‌

2,464‌

$

5,091‌

Mining

-

3.47%

Agnico

Eagle

Mines

Ltd

47,200‌

3,020‌

Anglo

American

PLC

780,710‌

16,526‌

Antofagasta

PLC

233,049‌

2,545‌

Barrick

Gold

Corp

804,165‌

19,338‌

BHP

Group

Ltd

103,328‌

2,432‌

Franco-Nevada

Corp

20,900‌

2,934‌

Freeport-McMoRan

Inc

1,437,250‌

13,035‌

Glencore

PLC

(d)

906,831‌

1,713‌

Kirkland

Lake

Gold

Ltd

69,300‌

2,670‌

Korea

Zinc

Co

Ltd

6,565‌

2,011‌

Lundin

Mining

Corp

943,122‌

4,343‌

MMC

Norilsk

Nickel

PJSC

ADR

74,468‌

2,367‌

Newcrest

Mining

Ltd

132,009‌

2,675‌

Newmont

Corp

299,165‌

17,492‌

Norsk

Hydro

ASA

(d)

795,304‌

2,022‌

Rio

Tinto

Ltd

39,788‌

2,485‌

South32

Ltd

1,563,930‌

1,977‌

Southern

Copper

Corp

66,524‌

2,415‌

Sumitomo

Metal

Mining

Co

Ltd

89,700‌

2,500‌

Teck

Resources

Ltd

222,200‌

2,111‌

Wheaton

Precious

Metals

Corp

78,700‌

3,391‌

$

110,002‌

Miscellaneous

Manufacturers

-

0.19%

Aalberts

NV

64,567‌

1,772‌

Alfa

Laval

AB

(d)

201,104‌

4,087‌

$

5,859‌

Oil

&

Gas

-

3.77%

BP

PLC

3,097,335‌

11,844‌

Canadian

Natural

Resources

Ltd

86,800‌

1,586‌

Chevron

Corp

23,986‌

2,200‌

CNOOC

Ltd

1,631,000‌

1,863‌

Concho

Resources

Inc

111,073‌

6,056‌

ConocoPhillips

297,662‌

12,555‌

Ecopetrol

SA

ADR

126,826‌

1,320‌

Empresas

COPEC

SA

138,016‌

871‌

Eni

SpA

182,635‌

1,661‌

EOG

Resources

Inc

35,388‌

1,804‌

Equinor

ASA

712,359‌

10,389‌

Exxon

Mobil

Corp

43,516‌

1,979‌

Fieldwood

Energy

Inc

(d)

2,556‌

—‌

Fieldwood

Energy

LLC

(d),(e),(g)

12,648‌

—‌

Gazprom

PJSC

ADR

371,229‌

2,085‌

Hess

Corp

132,539‌

6,292‌

Imperial

Oil

Ltd

(f)

102,200‌

1,597‌

LUKOIL

PJSC

ADR

26,304‌

1,976‌

Marathon

Petroleum

Corp

204,365‌

7,182‌

Neste

Oyj

57,149‌

2,329‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

41

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Oil

&

Gas

(continued)

Novatek

PJSC

15,625‌

$

2,287‌

Occidental

Petroleum

Corp

68,371‌

885‌

PBF

Energy

Inc

129,671‌

1,377‌

Petroleo

Brasileiro

SA

ADR

184,998‌

1,412‌

Petroleo

Brasileiro

SA

ADR

699,511‌

5,274‌

Phillips

66

29,905‌

2,340‌

Pioneer

Natural

Resources

Co

101,211‌

9,270‌

Repsol

SA

201,171‌

1,894‌

Rosneft

Oil

Co

PJSC

370,003‌

1,945‌

Royal

Dutch

Shell

PLC

-

A

Shares

105,483‌

1,670‌

Suncor

Energy

Inc

81,100‌

1,394‌

Tatneft

PJSC

ADR

37,574‌

1,712‌

TOTAL

SA

53,096‌

2,013‌

Transocean

Ltd

(d),(f)

54,446‌

72‌

Valero

Energy

Corp

125,257‌

8,347‌

Vantage

Drilling

International

(d)

4,456‌

27‌

Woodside

Petroleum

Ltd

124,349‌

1,876‌

$

119,384‌

Oil

&

Gas

Services

-

0.23%

Halliburton

Co

131,985‌

1,551‌

Schlumberger

Ltd

300,352‌

5,547‌

Select

Energy

Services

Inc

(d)

38,849‌

231‌

$

7,329‌

Packaging

&

Containers

-

0.84%

Amcor

PLC

240,183‌

2,452‌

Ball

Corp

79,304‌

5,651‌

DS

Smith

PLC

795,632‌

3,367‌

Graphic

Packaging

Holding

Co

87,680‌

1,269‌

Greif

Inc

-

Class

A

11,315‌

385‌

Klabin

SA

278,900‌

1,022‌

Lee

&

Man

Paper

Manufacturing

Ltd

1,015,000‌

549‌

Packaging

Corp

of

America

43,002‌

4,360‌

Sealed

Air

Corp

73,851‌

2,371‌

Sonoco

Products

Co

28,485‌

1,476‌

Westrock

Co

127,823‌

3,587‌

$

26,489‌

Pipelines

-

3.22%

APA

Group

1,504,589‌

11,660‌

Cheniere

Energy

Inc

(d)

407,044‌

18,052‌

Enbridge

Inc

623,659‌

20,283‌

Enterprise

Products

Partners

LP

126,142‌

2,409‌

Gibson

Energy

Inc

624,129‌

9,656‌

Kinder

Morgan

Inc

415,953‌

6,572‌

Magellan

Midstream

Partners

LP

50,652‌

2,297‌

Pembina

Pipeline

Corp

(f)

65,922‌

1,647‌

TC

Energy

Corp

341,965‌

15,411‌

Williams

Cos

Inc/The

677,399‌

13,840‌

$

101,827‌

Real

Estate

-

1.10%

Entra

ASA

(h)

290,289‌

3,933‌

Fabege

AB

290,475‌

3,537‌

Mitsubishi

Estate

Co

Ltd

456,400‌

7,254‌

Mitsui

Fudosan

Co

Ltd

129,470‌

2,491‌

New

World

Development

Co

Ltd

3,660,240‌

3,720‌

Sun

Hung

Kai

Properties

Ltd

125,600‌

1,471‌

Vonovia

SE

183,700‌

10,566‌

Zhongliang

Holdings

Group

Co

Ltd

2,814,100‌

1,996‌

$

34,968‌

REITs

-

8.93%

Alexandria

Real

Estate

Equities

Inc

99,409‌

15,281‌

Allied

Properties

Real

Estate

Investment

Trust

95,000‌

2,760‌

American

Homes

4

Rent

154,558‌

3,901‌

American

Tower

Corp

28,932‌

7,469‌

Americold

Realty

Trust

223,943‌

7,997‌

Ascendas

Real

Estate

Investment

Trust

1,370,300‌

3,049‌

AvalonBay

Communities

Inc

58,566‌

9,137‌

Boston

Properties

Inc

16,607‌

1,428‌

CatchMark

Timber

Trust

Inc

248,245‌

1,949‌

CFE

Capital

S

de

RL

de

CV

7,294,406‌

6,990‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

REITs

(continued)

Cousins

Properties

Inc

83,096‌

$

2,586‌

Crown

Castle

International

Corp

61,252‌

10,545‌

CubeSmart

99,632‌

2,835‌

Daiwa

Office

Investment

Corp

716‌

4,167‌

Dexus

661,992‌

3,982‌

Digital

Realty

Trust

Inc

29,658‌

4,258‌

Equinix

Inc

14,931‌

10,416‌

Essential

Properties

Realty

Trust

Inc

203,054‌

2,770‌

Essex

Property

Trust

Inc

58,178‌

14,124‌

Federal

Realty

Investment

Trust

34,400‌

2,749‌

Frasers

Logistics

&

Commercial

Trust

2,689,251‌

2,120‌

Gecina

SA

35,113‌

4,511‌

Goodman

Group

1,070,907‌

11,002‌

Inmobiliaria

Colonial

Socimi

SA

778,042‌

7,035‌

InterRent

Real

Estate

Investment

Trust

272,460‌

2,895‌

Invitation

Homes

Inc

486,418‌

12,793‌

Japan

Retail

Fund

Investment

Corp

1,374‌

1,812‌

Kilroy

Realty

Corp

47,091‌

2,690‌

Link

REIT

912,070‌

6,888‌

MCUBS

MidCity

Investment

Corp

5,281‌

4,150‌

Minto

Apartment

Real

Estate

Investment

Trust

371,742‌

5,400‌

Nippon

Prologis

REIT

Inc

(d)

2,400‌

6,764‌

Park

Hotels

&

Resorts

Inc

321,000‌

3,155‌

Physicians

Realty

Trust

125,707‌

2,171‌

PotlatchDeltic

Corp

155,694‌

5,292‌

Prologis

Inc

184,193‌

16,854‌

Rayonier

Inc

345,962‌

8,217‌

Regency

Centers

Corp

105,352‌

4,508‌

Rexford

Industrial

Realty

Inc

271,313‌

10,798‌

Segro

PLC

805,271‌

8,368‌

STORE

Capital

Corp

233,120‌

4,508‌

Summit

Industrial

Income

REIT

196,447‌

1,499‌

Sun

Communities

Inc

41,700‌

5,721‌

Sunstone

Hotel

Investors

Inc

207,780‌

1,839‌

UNITE

Group

PLC/The

324,505‌

3,488‌

United

Urban

Investment

Corp

2,669‌

2,826‌

Warehouses

De

Pauw

CVA

92,100‌

2,438‌

Welltower

Inc

127,212‌

6,446‌

Weyerhaeuser

Co

410,298‌

8,284‌

$

282,865‌

Retail

-

0.05%

Gymboree

Corp/The

(d),(g),(i)

17,842‌

9‌

Gymboree

Holding

Corp

(d),(g),(i)

48,577‌

24‌

Home

Depot

Inc/The

5,854‌

1,455‌

$

1,488‌

Software

-

0.04%

Avaya

Holdings

Corp

(d)

78,332‌

1,144‌

Storage

&

Warehousing

-

0.09%

Safestore

Holdings

PLC

354,043‌

2,934‌

Telecommunications

-

0.04%

Eutelsat

Communications

SA

129,651‌

1,298‌

Transportation

-

0.07%

American

Commercial

Lines

Inc

(d),(g)

2,954‌

74‌

Norfolk

Southern

Corp

12,620‌

2,250‌

$

2,324‌

Water

-

3.32%

Aguas

Andinas

SA

32,828,714‌

9,643‌

American

States

Water

Co

22,771‌

1,867‌

American

Water

Works

Co

Inc

98,118‌

12,461‌

Beijing

Enterprises

Water

Group

Ltd

(d)

3,718,000‌

1,413‌

California

Water

Service

Group

29,759‌

1,399‌

Cia

de

Saneamento

Basico

do

Estado

de

Sao

Paulo

ADR

211,241‌

2,119‌

Essential

Utilities

Inc

133,413‌

5,838‌

Guangdong

Investment

Ltd

1,778,000‌

3,516‌

Middlesex

Water

Co

10,773‌

731‌

Pennon

Group

PLC

737,244‌

10,450‌

Severn

Trent

PLC

672,668‌

20,369‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

42

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Water

(continued)

SJW

Group

16,006‌

$

1,006‌

Suez

SA

(f)

262,007‌

2,987‌

United

Utilities

Group

PLC

2,131,542‌

24,266‌

Veolia

Environnement

SA

(f)

303,234‌

6,677‌

York

Water

Co/The

8,029‌

356‌

$

105,098‌

TOTAL

COMMON

STOCKS

$

1,643,233‌

PREFERRED

STOCKS

-

0.12%

Shares

Held

Value

(000's)

Electric

-

0.12%

Cia

de

Transmissao

de

Energia

Eletrica

Paulista

0.45%

970,600‌

$

3,765‌

TOTAL

PREFERRED

STOCKS

$

3,765‌

BONDS

-

12.72%

Principal

Amount

(000's)

Value

(000's)

Commercial

Mortgage

Backed

Securities

-

4.38%

Bank

2019-BNK19

0.96%,

08/15/2061

(j),(k)

$

63,789‌

$

4,263‌

BBCMS

2018-TALL

Mortgage

Trust

0.91%,

03/15/2037

(h)

14,500‌

13,650‌

1.00

x

1

Month

USD

LIBOR

+

0.72%

BBCMS

2019-BWAY

Mortgage

Trust

1.14%,

11/25/2034

(h)

12,670‌

12,081‌

1.00

x

1

Month

USD

LIBOR

+

0.96%

Benchmark

2019-B12

Mortgage

Trust

1.07%,

08/15/2052

(j),(k)

94,802‌

6,137‌

2.26%,

08/15/2052

2,636‌

2,673‌

Benchmark

2019-B15

Mortgage

Trust

0.83%,

12/15/2072

(j),(k)

16,106‌

901‌

2.00%,

12/15/2072

3,031‌

3,060‌

BF

2019-NYT

Mortgage

Trust

1.38%,

12/15/2035

(h)

6,950‌

6,631‌

1.00

x

1

Month

USD

LIBOR

+

1.20%

BHP

Trust

2019-BXHP

1.16%,

08/15/2036

(h)

10,000‌

9,208‌

1.00

x

1

Month

USD

LIBOR

+

0.98%

BX

Commercial

Mortgage

Trust

2018-IND

0.93%,

11/15/2035

(h)

3,555‌

3,466‌

1.00

x

1

Month

USD

LIBOR

+

0.75%

BX

Commercial

Mortgage

Trust

2019-XL

1.10%,

10/15/2036

(h)

5,427‌

5,318‌

1.00

x

1

Month

USD

LIBOR

+

0.92%

BX

Commercial

Mortgage

Trust

2020-BXLP

0.98%,

12/15/2036

(h)

9,000‌

8,707‌

1.00

x

1

Month

USD

LIBOR

+

0.80%

BX

Trust

2018-EXCL

1.27%,

09/15/2037

(h)

5,762‌

5,059‌

1.00

x

1

Month

USD

LIBOR

+

1.09%

BX

Trust

2019-CALM

1.06%,

11/15/2032

(h)

2,500‌

2,382‌

1.00

x

1

Month

USD

LIBOR

+

0.88%

CAMB

Commercial

Mortgage

Trust

2019-LIFE

1.25%,

12/15/2037

(h)

4,562‌

4,392‌

1.00

x

1

Month

USD

LIBOR

+

1.07%

CGDB

Commercial

Mortgage

Trust

2019-MOB

1.13%,

11/15/2036

(h)

6,500‌

6,174‌

1.00

x

1

Month

USD

LIBOR

+

0.95%

Citigroup

Commercial

Mortgage

Trust

2019-GC41

1.06%,

08/10/2056

(j),(k)

71,399‌

4,928‌

1.95%,

08/10/2056

3,536‌

3,570‌

Citigroup

Commercial

Mortgage

Trust

2020-GC46

0.99%,

02/15/2053

(j),(k)

6,247‌

430‌

COMM

2018-HCLV

Mortgage

Trust

1.18%,

09/15/2033

(h)

10,120‌

9,478‌

1.00

x

1

Month

USD

LIBOR

+

1.00%

CORE

2019-CORE

Mortgage

Trust

1.06%,

12/15/2031

(h)

6,100‌

5,870‌

1.00

x

1

Month

USD

LIBOR

+

0.88%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Mortgage

Backed

Securities

(continued)

DBCG

2017-BBG

Mortgage

Trust

0.88%,

06/15/2034

(h)

$

3,840‌

$

3,725‌

1.00

x

1

Month

USD

LIBOR

+

0.70%

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

0.97%,

05/25/2026

(j),(k)

73,691‌

3,523‌

1.31%,

07/25/2026

(j),(k)

12,097‌

781‌

GS

Mortgage

Securities

Corp

Trust

2019-SMP

1.33%,

08/15/2032

(h)

4,000‌

3,729‌

1.00

x

1

Month

USD

LIBOR

+

1.15%

GS

Mortgage

Securities

Corp

Trust

2019-SOHO

1.08%,

06/15/2036

(h)

3,000‌

2,879‌

1.00

x

1

Month

USD

LIBOR

+

0.90%

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

2019-BKWD

1.18%,

09/15/2029

(h)

5,000‌

4,813‌

1.00

x

1

Month

USD

LIBOR

+

1.00%

UBS-Barclays

Commercial

Mortgage

Trust

2012-C3

3.09%,

08/10/2049

982‌

1,005‌

$

138,833‌

Federal

&

Federally

Sponsored

Credit

-

2.04%

Federal

Farm

Credit

Banks

Funding

Corp

0.18%,

06/28/2021

(l)

3,800‌

3,801‌

1

Month

USD

LIBOR

+

0.01%

0.19%,

12/27/2021

(l)

11,000‌

11,011‌

1

Month

USD

LIBOR

+

0.02%

0.28%,

12/13/2021

2,100‌

2,101‌

1

Month

USD

LIBOR

+

0.09%

0.28%,

05/27/2022

(l)

12,000‌

11,995‌

Federal

Reserve

Bank

Prime

Loan

Rate

US

+

(2.97)%

0.42%,

01/18/2022

(l)

1,500‌

1,504‌

1

Month

USD

LIBOR

+

0.24%

0.43%,

11/05/2021

(l)

15,000‌

15,023‌

1

Month

USD

LIBOR

+

0.13%

0.95%,

04/08/2022

(l)

17,700‌

17,741‌

1.54%,

02/24/2022

(l)

1,400‌

1,402‌

$

64,578‌

Finance

-

Mortgage

Loan/Banker

-

5.09%

Fannie

Mae

0.17%,

03/04/2022

(l)

17,000‌

16,970‌

United

States

Secured

Overnight

Financing

Rate

+

0.22%

0.24%,

05/13/2022

(l)

7,000‌

6,997‌

United

States

Secured

Overnight

Financing

Rate

+

0.18%

0.38%,

10/22/2021

1,000‌

1,003‌

United

States

Secured

Overnight

Financing

Rate

+

0.32%

0.41%,

04/07/2022

(l),(m)

40,000‌

40,119‌

United

States

Secured

Overnight

Financing

Rate

+

0.35%

0.45%,

04/15/2022

(l)

10,000‌

10,037‌

United

States

Secured

Overnight

Financing

Rate

+

0.39%

Federal

Home

Loan

Banks

0.18%,

10/15/2021

(l)

15,000‌

14,992‌

1

Month

USD

LIBOR

+

0.00%

0.29%,

04/05/2021

(l)

7,500‌

7,502‌

1

Month

USD

LIBOR

+

(0.01)%

0.32%,

05/03/2021

(l)

20,500‌

20,506‌

1

Month

USD

LIBOR

+

(0.01)%

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

43

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Finance

-

Mortgage

Loan/Banker

(continued)

Freddie

Mac

0.21%,

03/04/2022

$

2,000‌

$

1,999‌

United

States

Secured

Overnight

Financing

Rate

+

0.15%

0.38%,

09/23/2021

(l)

10,000‌

10,021‌

United

States

Secured

Overnight

Financing

Rate

+

0.32%

0.46%,

10/21/2021

(l)

14,500‌

14,515‌

United

States

Secured

Overnight

Financing

Rate

+

0.80%

1.05%,

04/13/2022

(l)

6,500‌

6,506‌

1.15%,

03/30/2022

(l)

8,500‌

8,506‌

3.08%,

11/09/2021

(l)

1,500‌

1,519‌

$

161,192‌

Media

-

0.07%

iHeartCommunications

Inc

8.38%,

05/01/2027

2,406‌

2,250‌

Sovereign

-

1.14%

Colombia

Government

International

Bond

3.00%,

01/30/2030

1,300‌

1,300‌

Indonesia

Government

International

Bond

2.85%,

02/14/2030

665‌

679‌

Italy

Buoni

Poliennali

Del

Tesoro

0.40%,

05/15/2030

(h)

EUR

1,073‌

1,103‌

1.30%,

05/15/2028

(h)

2,915‌

3,266‌

Japanese

Government

CPI

Linked

Bond

0.10%,

03/10/2027

JPY

489,589‌

4,527‌

0.10%,

03/10/2028

626,176‌

5,783‌

0.10%,

03/10/2029

1,069,949‌

9,857‌

Mexico

Government

International

Bond

3.25%,

04/16/2030

$

975‌

960‌

4.50%,

04/22/2029

625‌

676‌

New

Zealand

Government

Inflation

Linked

Bond

2.50%,

09/20/2035

NZD

3,037‌

2,593‌

2.50%,

09/20/2040

912‌

829‌

3.27%,

09/20/2030

1,046‌

845‌

Saudi

Government

International

Bond

4.38%,

04/16/2029

(h)

$

225‌

256‌

Spain

Government

Bond

0.50%,

04/30/2030

(h)

EUR

2,755‌

3,059‌

Uruguay

Government

International

Bond

4.38%,

01/23/2031

$

305‌

348‌

$

36,081‌

TOTAL

BONDS

$

402,934‌

COMMODITY

INDEXED

STRUCTURED

NOTES

-

0.44%

Principal

Amount

(000's)

Value

(000's)

Banks

-

0.44%

Royal

Bank

of

Canada;

Dow

Jones

-

UBS

Commodity

Index

Linked

Note

0.05%,

04/26/2021

(h),(k)

16,700‌

13,954‌

TOTAL

COMMODITY

INDEXED

STRUCTURED

NOTES

$

13,954‌

SENIOR

FLOATING

RATE

INTERESTS

-

15.66%

Principal

Amount

(000's)

Value

(000's)

Advertising

-

0.33%

Advantage

Sales

&

Marketing

Inc

4.70%,

07/23/2021

(n)

$

1,259‌

$

1,129‌

3

Month

USD

LIBOR

+

3.25%

4.70%,

07/23/2021

(n)

428‌

384‌

3

Month

USD

LIBOR

+

3.25%

Affinion

Group

Inc

5.00%,

PIK

1.75%,

04/10/2024

(n),(o)

745‌

528‌

1

Month

USD

LIBOR

+

4.00%

Checkout

Holding

Corp

2.00%,

PIK

9.50%,

08/15/2023

(n),(o)

251‌

49‌

3

Month

USD

LIBOR

+

1.00%

8.50%,

02/15/2023

(n)

181‌

106‌

3

Month

USD

LIBOR

+

7.50%

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Advertising

(continued)

Clear

Channel

Outdoor

Holdings

Inc

4.26%,

08/07/2026

(n)

$

5,841‌

$

5,420‌

1

Month

USD

LIBOR

+

3.50%

Outfront

Media

Capital

LLC

1.93%,

11/18/2026

(n)

1,157‌

1,101‌

1

Month

USD

LIBOR

+

1.75%

Red

Ventures

LLC

2.67%,

11/08/2024

(n)

630‌

598‌

1

Month

USD

LIBOR

+

2.50%

Terrier

Media

Buyer

Inc

5.70%,

12/17/2026

(n)

1,245‌

1,196‌

1

Month

USD

LIBOR

+

4.25%

$

10,511‌

Aerospace

&

Defense

-

0.27%

Dynasty

Acquisition

Co

Inc

4.95%,

04/06/2026

(n)

1,143‌

959‌

1

Month

USD

LIBOR

+

3.50%

Sequa

Mezzanine

Holdings

LLC

6.00%,

10/28/2021

(n)

2,527‌

2,232‌

3

Month

USD

LIBOR

+

5.00%

10.00%,

04/28/2022

(n)

1,304‌

977‌

3

Month

USD

LIBOR

+

9.00%

Standard

Aero

Ltd

4.95%,

04/06/2026

(n)

615‌

515‌

1

Month

USD

LIBOR

+

3.50%

TransDigm

Inc

2.42%,

05/30/2025

(n)

980‌

896‌

1

Month

USD

LIBOR

+

2.25%

2.42%,

12/24/2025

(n)

3,211‌

2,934‌

1

Month

USD

LIBOR

+

2.25%

$

8,513‌

Airlines

-

0.16%

Allegiant

Travel

Co

3.43%,

02/05/2024

(n)

593‌

475‌

1

Month

USD

LIBOR

+

3.00%

American

Airlines

Inc

2.17%,

04/28/2023

(n)

530‌

399‌

3

Month

USD

LIBOR

+

2.00%

2.18%,

12/14/2023

(n)

1,713‌

1,254‌

3

Month

USD

LIBOR

+

2.00%

Delta

Air

Lines

Inc

5.51%,

04/27/2023

(n)

1,037‌

1,022‌

1

Month

USD

LIBOR

+

4.75%

WestJet

Airlines

Ltd

4.00%,

12/11/2026

(n)

2,743‌

1,996‌

3

Month

USD

LIBOR

+

3.00%

$

5,146‌

Apparel

-

0.03%

Champ

Acquisition

Corp

6.57%,

12/17/2025

(n)

976‌

902‌

3

Month

USD

LIBOR

+

5.50%

Automobile

Parts

&

Equipment

-

0.13%

Clarios

Global

LP

3.83%,

04/30/2026

(n)

4,378‌

4,159‌

3

Month

USD

LIBOR

+

3.50%

Beverages

-

0.04%

Jacobs

Douwe

Egberts

International

BV

2.37%,

10/23/2025

(n)

1,400‌

1,383‌

3

Month

USD

LIBOR

+

2.00%

Biotechnology

-

0.18%

Concordia

International

Corp

6.57%,

09/06/2024

(n)

6,539‌

5,792‌

1

Week

USD

LIBOR

+

5.50%

Building

Materials

-

0.11%

Quikrete

Holdings

Inc

2.67%,

02/01/2027

(n)

3,803‌

3,607‌

1

Month

USD

LIBOR

+

2.50%

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

44

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Casino

Hotels

-

0.03%

Golden

Nugget

LLC

0.00%,

10/04/2023

(n),(p)

$

1,155‌

$

989‌

1

Month

USD

LIBOR

+

2.50%

Chemicals

-

0.12%

ASP

Unifrax

Holdings

Inc

4.82%,

12/12/2025

(n)

1,582‌

1,270‌

3

Month

USD

LIBOR

+

3.75%

INEOS

US

Finance

LLC

2.17%,

03/31/2024

(n)

235‌

225‌

3

Month

USD

LIBOR

+

2.00%

Innophos

Holdings

Inc

3.97%,

02/04/2027

(n)

1,920‌

1,842‌

1

Month

USD

LIBOR

+

3.75%

Minerals

Technologies

Inc

4.75%,

05/09/2021

(n)

415‌

407‌

Tronox

Finance

LLC

3.44%,

09/13/2024

(n)

33‌

31‌

3

Month

USD

LIBOR

+

3.00%

$

3,775‌

Coal

-

0.02%

Peabody

Energy

Corp

2.92%,

03/31/2025

(n)

952‌

512‌

3

Month

USD

LIBOR

+

2.75%

Commercial

Services

-

0.73%

Belron

Finance

3.26%,

10/25/2026

(n)

998‌

968‌

1

Month

USD

LIBOR

+

2.50%

Fly

Funding

2.50%,

08/09/2025

(n)

1,436‌

1,283‌

3

Month

USD

LIBOR

+

1.75%

Garda

World

Security

4.93%,

10/23/2026

(n)

606‌

589‌

1

Month

USD

LIBOR

+

4.75%

HGIM

Corp

7.71%,

07/02/2023

(n)

1,282‌

564‌

3

Month

USD

LIBOR

+

6.00%

North

American

Lifting

Holdings

Inc

0.00%,

11/27/2020

(d),(n)

2,002‌

1,408‌

3

Month

USD

LIBOR

+

4.50%

PAREXEL

International

Corp

3.10%,

08/09/2024

(n)

2,870‌

2,708‌

3

Month

USD

LIBOR

+

2.75%

Refinitiv

US

Holdings

Inc

3.57%,

10/01/2025

(n)

3,594‌

3,537‌

1

Month

USD

LIBOR

+

3.25%

Sabert

Corp

5.50%,

11/26/2026

(n)

998‌

973‌

1

Month

USD

LIBOR

+

4.50%

Syniverse

Holdings

Inc

6.87%,

02/09/2023

(n)

2,801‌

1,736‌

3

Month

USD

LIBOR

+

5.00%

10.87%,

02/09/2024

(n)

2,350‌

987‌

3

Month

USD

LIBOR

+

9.00%

Team

Health

Holdings

Inc

3.75%,

02/06/2024

(n)

1,935‌

1,403‌

3

Month

USD

LIBOR

+

2.75%

Trans

Union

LLC

1.92%,

11/13/2026

(n)

2,048‌

1,981‌

1

Month

USD

LIBOR

+

1.75%

Verscend

Holding

Corp

4.67%,

08/08/2025

(n)

2,204‌

2,128‌

3

Month

USD

LIBOR

+

4.50%

Wand

NewCo

3

Inc

4.07%,

02/05/2026

(n)

1,996‌

1,901‌

1

Month

USD

LIBOR

+

3.00%

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Services

(continued)

WEX

Inc

2.42%,

05/14/2026

(n)

$

911‌

$

864‌

3

Month

USD

LIBOR

+

2.25%

$

23,030‌

Computers

-

0.65%

Dell

International

LLC

2.75%,

09/12/2025

(n)

3,005‌

2,948‌

1

Month

USD

LIBOR

+

2.00%

Diebold

Nixdorf

Inc

9.44%,

08/31/2022

(n)

2,557‌

2,444‌

3

Month

USD

LIBOR

+

9.25%

iQor

US

Inc

0.00%,

04/01/2021

(d),(n)

916‌

486‌

3

Month

USD

LIBOR

+

5.00%

McAfee

LLC

3.92%,

09/30/2024

(n)

6,836‌

6,716‌

3

Month

USD

LIBOR

+

3.75%

9.50%,

09/29/2025

(n)

656‌

655‌

3

Month

USD

LIBOR

+

8.50%

NCR

Corp

2.68%,

08/07/2026

(n)

995‌

955‌

1

Month

USD

LIBOR

+

2.50%

NeuStar

Inc

4.57%,

08/08/2024

(n)

797‌

678‌

3

Month

USD

LIBOR

+

3.50%

Perforce

Software

Inc

3.92%,

07/01/2026

(n)

995‌

922‌

1

Month

USD

LIBOR

+

3.75%

Presidio

Holdings

Inc

4.27%,

01/15/2027

(n)

640‌

620‌

1

Month

USD

LIBOR

+

3.50%

Tempo

Acquisition

LLC

2.92%,

05/01/2024

(n)

2,201‌

2,109‌

1

Month

USD

LIBOR

+

2.75%

Vericast

Corp

5.75%,

11/03/2023

(n)

518‌

318‌

3

Month

USD

LIBOR

+

4.75%

Western

Digital

Corp

1.92%,

04/29/2023

(n)

1,760‌

1,722‌

1

Month

USD

LIBOR

+

1.75%

$

20,573‌

Consumer

Products

-

0.16%

KIK

Custom

Products

Inc

5.00%,

05/15/2023

(n)

5,202‌

4,960‌

3

Month

USD

LIBOR

+

4.00%

Cosmetics

&

Personal

Care

-

0.10%

Coty

Inc

1.72%,

04/05/2023

(n)

2,352‌

2,093‌

1

Month

USD

LIBOR

+

1.50%

Revlon

Consumer

Products

Corp

5.11%,

07/21/2023

(n)

3,680‌

979‌

1

Month

USD

LIBOR

+

3.50%

$

3,072‌

Distribution

&

Wholesale

-

0.09%

Core

&

Main

LP

3.98%,

08/01/2024

(n)

1,462‌

1,398‌

3

Month

USD

LIBOR

+

3.00%

IAA

Inc

2.44%,

05/22/2026

(n)

209‌

205‌

3

Month

USD

LIBOR

+

2.25%

KAR

Auction

Services

Inc

2.44%,

09/11/2026

(n)

279‌

266‌

1

Month

USD

LIBOR

+

2.25%

Univar

Solutions

USA

Inc/Washington

3.70%,

07/01/2024

(n)

1,138‌

1,106‌

3

Month

USD

LIBOR

+

2.25%

$

2,975‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

45

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Diversified

Financial

Services

-

0.20%

American

Express

0.00%,

02/26/2027

(n),(p)

$

408‌

$

347‌

Avolon

TLB

Borrower

1

US

LLC

2.25%,

02/05/2027

(n)

959‌

878‌

1

Month

USD

LIBOR

+

1.50%

2.50%,

01/15/2025

(n)

1,942‌

1,831‌

3

Month

USD

LIBOR

+

1.75%

Ditech

Holding

Corp

0.00%,

06/30/2022

(d),(n)

1,523‌

620‌

3

Month

USD

LIBOR

+

6.00%

RPI

2019

Intermediate

Finance

Trust

1.92%,

02/05/2027

(n)

2,051‌

2,001‌

1

Month

USD

LIBOR

+

1.75%

RPI

Intermediate

Finance

Trust

1.92%,

02/05/2027

(n)

714‌

698‌

1

Month

USD

LIBOR

+

1.75%

$

6,375‌

Electric

-

0.18%

Calpine

Corp

2.17%,

08/12/2026

(n)

1,940‌

1,883‌

1

Month

USD

LIBOR

+

2.00%

2.43%,

01/15/2024

(n)

829‌

811‌

1

Month

USD

LIBOR

+

2.25%

Exgen

Renewables

IV

LLC

4.00%,

11/28/2024

(n)

961‌

933‌

3

Month

USD

LIBOR

+

3.00%

Vistra

Operations

Co

LLC

1.93%,

12/31/2025

(n)

2,036‌

1,993‌

1

Month

USD

LIBOR

+

1.75%

$

5,620‌

Electrical

Components

&

Equipment

-

0.01%

Energizer

Holdings

Inc

2.62%,

12/17/2025

(n)

235‌

228‌

1

Month

USD

LIBOR

+

2.25%

Electronics

-

0.04%

TTM

Technologies

Inc

2.87%,

09/13/2024

(n)

1,307‌

1,275‌

3

Month

USD

LIBOR

+

2.50%

Engineering

&

Construction

-

0.03%

Atlantic

Aviation

FBO

Inc

3.93%,

11/28/2025

(n)

741‌

694‌

3

Month

USD

LIBOR

+

3.75%

Brand

Industrial

Services

Inc

5.46%,

06/21/2024

(n)

379‌

341‌

3

Month

USD

LIBOR

+

4.25%

$

1,035‌

Entertainment

-

1.27%

AMC

Entertainment

Holdings

Inc

4.08%,

03/20/2026

(n)

2,210‌

1,682‌

3

Month

USD

LIBOR

+

3.00%

CCM

Merger

Inc

3.00%,

08/08/2021

(n)

3,169‌

2,935‌

3

Month

USD

LIBOR

+

2.25%

CEOC

LLC

2.40%,

10/06/2024

(n)

2,735‌

2,654‌

3

Month

USD

LIBOR

+

2.00%

Cineworld

Ltd

0.00%,

02/05/2027

(n),(p)

4,570‌

2,762‌

Formula

One

Management

Ltd

3.50%,

02/01/2024

(n)

7,952‌

7,484‌

3

Month

USD

LIBOR

+

2.50%

Lions

Gate

Capital

Holdings

LLC

2.65%,

03/24/2025

(n)

475‌

452‌

3

Month

USD

LIBOR

+

2.25%

Merlin

Entertainment

0.00%,

10/16/2026

(n),(p)

1,411‌

1,296‌

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Entertainment

(continued)

Metro-Goldwyn-Mayer

Inc

2.68%,

07/03/2025

(n)

$

3,069‌

$

2,908‌

3

Month

USD

LIBOR

+

2.50%

5.50%,

07/03/2026

(n)

1,500‌

1,402‌

3

Month

USD

LIBOR

+

4.50%

Nascar

Holdings

LLC

2.92%,

10/19/2026

(n)

1,651‌

1,611‌

3

Month

USD

LIBOR

+

2.75%

PCI

Gaming

Authority

2.67%,

05/29/2026

(n)

1,757‌

1,664‌

1

Month

USD

LIBOR

+

2.50%

Penn

National

Gaming

Inc

3.00%,

08/14/2025

(n)

1,480‌

1,386‌

3

Month

USD

LIBOR

+

2.25%

Scientific

Games

International

Inc

3.48%,

08/14/2024

(n)

4,585‌

4,095‌

1

Month

USD

LIBOR

+

2.75%

SeaWorld

Parks

&

Entertainment

Inc

3.75%,

04/01/2024

(n)

834‌

767‌

3

Month

USD

LIBOR

+

3.00%

Stars

Group

Holdings

BV

4.95%,

06/27/2025

(n)

5,451‌

5,375‌

3

Month

USD

LIBOR

+

3.50%

William

Morris

Endeavor

Entertainment

LLC

2.93%,

05/16/2025

(n)

2,308‌

1,764‌

3

Month

USD

LIBOR

+

2.75%

$

40,237‌

Environmental

Control

-

0.16%

Advanced

Disposal

Services

Inc

3.00%,

11/10/2023

(n)

398‌

394‌

3

Month

USD

LIBOR

+

2.25%

GFL

Environmental

Inc

4.00%,

05/09/2025

(n)

4,857‌

4,786‌

3

Month

USD

LIBOR

+

3.00%

$

5,180‌

Food

-

0.29%

Atkins

Nutritionals

Holdings

Inc

4.75%,

07/07/2024

(n)

1,351‌

1,327‌

1

Month

USD

LIBOR

+

3.75%

Bellring

Brands

LLC

6.00%,

10/10/2024

(n)

988‌

983‌

1

Month

USD

LIBOR

+

5.00%

CHG

PPC

Parent

LLC

2.92%,

03/30/2025

(n)

242‌

232‌

3

Month

USD

LIBOR

+

2.75%

Froneri

US

Inc

2.25%,

01/29/2027

(n)

2,500‌

2,381‌

1

Month

USD

LIBOR

+

2.25%

5.75%,

01/28/2028

(n)

500‌

469‌

1

Month

USD

LIBOR

+

5.75%

US

Foods

Inc

1.92%,

06/27/2023

(n)

4,208‌

3,963‌

1

Month

USD

LIBOR

+

1.75%

$

9,355‌

Food

Service

-

0.03%

8th

Avenue

Food

&

Provisions

Inc

3.68%,

09/19/2025

(n)

889‌

865‌

3

Month

USD

LIBOR

+

3.50%

Hand

&

Machine

Tools

-

0.02%

Apex

Tool

Group

LLC

6.50%,

08/01/2024

(n)

558‌

490‌

3

Month

USD

LIBOR

+

5.50%

Healthcare

-

Products

-

0.25%

Carestream

Health

Inc

8.20%,

05/08/2023

(n)

1,932‌

1,797‌

1

Month

USD

LIBOR

+

6.75%

13.57%,

08/08/2023

(n)

572‌

429‌

1

Month

USD

LIBOR

+

4.50%

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

46

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Healthcare

-

Products

(continued)

CPI

Holdco

LLC

5.70%,

10/28/2026

(n)

$

1,705‌

$

1,648‌

1

Month

USD

LIBOR

+

4.25%

Viant

Medical

Holdings

Inc

5.20%,

07/02/2025

(n)

2,197‌

1,799‌

3

Month

USD

LIBOR

+

3.75%

VVC

Holding

Corp

5.28%,

02/07/2026

(n)

948‌

912‌

3

Month

USD

LIBOR

+

4.50%

Vyaire

Medical

Inc

6.20%,

04/11/2025

(n)

1,432‌

1,197‌

3

Month

USD

LIBOR

+

4.75%

$

7,782‌

Healthcare

-

Services

-

1.38%

AHP

Health

Partners

Inc

5.50%,

06/16/2025

(n)

1,978‌

1,891‌

3

Month

USD

LIBOR

+

4.50%

Air

Methods

Corp

4.95%,

04/12/2024

(n)

825‌

652‌

3

Month

USD

LIBOR

+

3.50%

Brightspring

Health

3.43%,

03/05/2026

(n)

3,014‌

2,929‌

1

Month

USD

LIBOR

+

3.25%

BW

NHHC

Holdco

Inc

5.39%,

05/15/2025

(n)

747‌

542‌

3

Month

USD

LIBOR

+

5.00%

Catalent

Pharma

Solutions

Inc

3.25%,

05/08/2026

(n)

990‌

972‌

3

Month

USD

LIBOR

+

2.25%

DaVita

Inc

1.92%,

08/12/2026

(n)

1,292‌

1,260‌

1

Month

USD

LIBOR

+

1.75%

Envision

Healthcare

Corp

3.92%,

10/10/2025

(n)

5,775‌

3,756‌

3

Month

USD

LIBOR

+

3.75%

Eyecare

Partners

LLC

4.82%,

02/05/2027

(n)

892‌

812‌

1

Month

USD

LIBOR

+

3.75%

Gentiva

Health

Services

Inc

3.44%,

07/02/2025

(n)

5,378‌

5,217‌

1

Month

USD

LIBOR

+

3.25%

Global

Medical

Response

Inc

4.25%,

04/28/2022

(n)

2,763‌

2,677‌

3

Month

USD

LIBOR

+

3.25%

HCA

Inc

1.92%,

03/13/2025

(n)

1,274‌

1,248‌

1

Month

USD

LIBOR

+

1.75%

1.92%,

03/17/2026

(n)

2,593‌

2,540‌

1

Month

USD

LIBOR

+

1.75%

Heartland

Dental

LLC

3.67%,

04/18/2025

(n)

122‌

107‌

3

Month

USD

LIBOR

+

3.75%

Jaguar

Holding

Co

II

3.11%,

08/18/2022

(n)

5,656‌

5,627‌

3

Month

USD

LIBOR

+

2.50%

LifePoint

Health

Inc

3.92%,

11/14/2025

(n)

7,076‌

6,760‌

1

Month

USD

LIBOR

+

3.75%

MMM

Holdings

LLC

6.75%,

10/30/2026

(n)

1,234‌

1,168‌

1

Month

USD

LIBOR

+

5.75%

Quorum

Health

Corp

7.75%,

04/29/2022

(n)

367‌

326‌

3

Month

USD

LIBOR

+

6.75%

Select

Medical

Corp

2.67%,

03/06/2025

(n)

3,202‌

3,082‌

3

Month

USD

LIBOR

+

2.50%

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Healthcare

-

Services

(continued)

Surgery

Center

Holdings

Inc

0.00%,

06/20/2024

(n),(p)

$

1,000‌

$

913‌

3

Month

USD

LIBOR

+

3.25%

Syneos

Health

Inc

1.97%,

08/01/2024

(n)

1,256‌

1,222‌

3

Month

USD

LIBOR

+

2.00%

$

43,701‌

Insurance

-

0.25%

Acrisure

LLC

3.77%,

02/12/2027

(n)

2,561‌

2,393‌

1

Month

USD

LIBOR

+

3.50%

Alliant

Holdings

Intermediate

LLC

2.92%,

05/09/2025

(n)

2,176‌

2,073‌

3

Month

USD

LIBOR

+

3.00%

BroadStreet

Partners

Inc

3.42%,

01/22/2027

(n)

1,122‌

1,075‌

1

Month

USD

LIBOR

+

3.25%

HUB

International

Ltd

4.02%,

04/25/2025

(n)

2,033‌

1,955‌

1

Month

USD

LIBOR

+

2.75%

5.00%,

04/25/2025

(n)

574‌

560‌

1

Month

USD

LIBOR

+

4.00%

$

8,056‌

Internet

-

0.18%

Ancestry.com

Operations

Inc

4.75%,

10/19/2023

(n)

2,324‌

2,231‌

1

Month

USD

LIBOR

+

3.75%

ProQuest

LLC

3.67%,

10/16/2026

(n)

1,197‌

1,156‌

1

Month

USD

LIBOR

+

3.50%

Uber

Technologies

Inc

3.67%,

07/13/2023

(n)

1,897‌

1,841‌

3

Month

USD

LIBOR

+

3.50%

5.00%,

04/04/2025

(n)

579‌

566‌

3

Month

USD

LIBOR

+

4.00%

$

5,794‌

Leisure

Products

&

Services

-

0.34%

Alterra

Mountain

Co

2.92%,

07/31/2024

(n)

3,031‌

2,846‌

1

Month

USD

LIBOR

+

2.75%

Callaway

Golf

Co

4.68%,

12/17/2025

(n)

688‌

678‌

3

Month

USD

LIBOR

+

4.50%

ClubCorp

Holdings

Inc

4.20%,

08/16/2024

(n)

1,734‌

1,512‌

3

Month

USD

LIBOR

+

2.75%

Equinox

Holdings

Inc

4.07%,

03/08/2024

(n)

1,762‌

1,308‌

3

Month

USD

LIBOR

+

3.00%

Fitness

International

LLC

3.33%,

01/08/2025

(n)

1,618‌

1,052‌

1

Month

USD

LIBOR

+

2.25%

Life

Time

Inc

3.75%,

06/10/2022

(n)

3,021‌

2,662‌

3

Month

USD

LIBOR

+

2.75%

Sabre

GLBL

Inc

2.17%,

02/22/2024

(n)

955‌

845‌

3

Month

USD

LIBOR

+

2.00%

$

10,903‌

Lodging

-

0.47%

Boyd

Gaming

Corp

2.34%,

09/15/2023

(n)

4,225‌

4,046‌

3

Month

USD

LIBOR

+

2.25%

Caesars

Resort

Collection

LLC

2.92%,

12/22/2024

(n)

5,822‌

5,249‌

3

Month

USD

LIBOR

+

2.75%

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

47

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Lodging

(continued)

CityCenter

Holdings

LLC

3.00%,

04/18/2024

(n)

$

2,494‌

$

2,333‌

3

Month

USD

LIBOR

+

2.25%

Hilton

Worldwide

Finance

LLC

1.92%,

06/18/2026

(n)

1,829‌

1,742‌

3

Month

USD

LIBOR

+

1.75%

Wyndham

Hotels

&

Resorts

Inc

1.92%,

05/30/2025

(n)

1,475‌

1,402‌

3

Month

USD

LIBOR

+

1.75%

$

14,772‌

Machinery

-

Construction

&

Mining

-

0.04%

Vertiv

Group

Corp

3.33%,

02/11/2027

(n)

1,250‌

1,197‌

1

Month

USD

LIBOR

+

3.00%

Machinery

-

Diversified

-

0.21%

Altra

Industrial

Motion

Corp

2.17%,

09/26/2025

(n)

430‌

409‌

3

Month

USD

LIBOR

+

2.00%

Columbus

McKinnon

Corp/NY

3.95%,

01/31/2024

(n)

993‌

948‌

3

Month

USD

LIBOR

+

2.50%

Gardner

Denver

Inc

1.92%,

02/05/2027

(n)

2,367‌

2,242‌

1

Month

USD

LIBOR

+

1.75%

NN

Inc

5.92%,

10/19/2022

(n)

1,004‌

821‌

1

Month

USD

LIBOR

+

5.75%

6.50%,

10/19/2022

(n)

656‌

537‌

1

Month

USD

LIBOR

+

5.75%

RBS

Global

Inc

1.92%,

08/21/2024

(n)

960‌

946‌

1

Month

USD

LIBOR

+

1.75%

Star

US

Bidco

LLC

5.25%,

03/03/2027

(n)

960‌

858‌

1

Month

USD

LIBOR

+

4.25%

$

6,761‌

Media

-

1.31%

Altice

Financing

SA

2.93%,

07/15/2025

(n)

2,318‌

2,189‌

3

Month

USD

LIBOR

+

2.75%

Charter

Communications

Operating

LLC

1.93%,

02/01/2027

(n)

4,768‌

4,662‌

1

Month

USD

LIBOR

+

1.75%

CSC

Holdings

LLC

2.43%,

07/17/2025

(n)

496‌

477‌

3

Month

USD

LIBOR

+

2.25%

2.68%,

04/27/2027

(n)

1,478‌

1,423‌

1

Month

USD

LIBOR

+

2.50%

Cumulus

Media

New

Holdings

Inc

4.82%,

03/18/2026

(n)

1,327‌

1,132‌

1

Month

USD

LIBOR

+

3.75%

Entercom

Media

Corp

2.67%,

11/18/2024

(n)

1,089‌

983‌

1

Month

USD

LIBOR

+

2.50%

EW

Scripps

Co/The

2.67%,

05/01/2026

(n)

2,475‌

2,341‌

1

Month

USD

LIBOR

+

2.50%

Gray

Television

Inc

2.58%,

02/02/2024

(n)

2,053‌

1,988‌

3

Month

USD

LIBOR

+

2.25%

2.83%,

11/02/2025

(n)

637‌

620‌

3

Month

USD

LIBOR

+

2.50%

Houghton

Mifflin

Harcourt

Publishers

Inc

7.25%,

11/19/2024

(n)

1,481‌

1,370‌

1

Month

USD

LIBOR

+

6.25%

iHeartCommunications

Inc

3.17%,

05/01/2026

(n)

6,867‌

6,404‌

1

Month

USD

LIBOR

+

3.00%

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Media

(continued)

LCPR

Loan

Financing

LLC

5.18%,

10/22/2026

(n)

$

1,815‌

$

1,809‌

1

Month

USD

LIBOR

+

5.00%

McGraw

Hill

LLC

5.45%,

05/04/2022

(n)

2,934‌

2,494‌

3

Month

USD

LIBOR

+

4.00%

Mediacom

Illinois

LLC

1.85%,

02/15/2024

(n)

322‌

313‌

3

Month

USD

LIBOR

+

1.75%

Meredith

Corp

3.26%,

01/31/2025

(n)

2,091‌

2,015‌

1

Month

USD

LIBOR

+

2.50%

Mission

Broadcasting

Inc

2.62%,

01/17/2024

(n)

400‌

384‌

3

Month

USD

LIBOR

+

2.25%

Nexstar

Broadcasting

Inc

2.42%,

01/17/2024

(n)

1,553‌

1,493‌

3

Month

USD

LIBOR

+

2.25%

3.12%,

09/21/2026

(n)

1,825‌

1,755‌

1

Month

USD

LIBOR

+

2.75%

Nielsen

Finance

LLC

2.22%,

10/04/2023

(n)

1,925‌

1,871‌

3

Month

USD

LIBOR

+

2.00%

Sinclair

Television

Group

Inc

2.43%,

01/03/2024

(n)

2,468‌

2,391‌

3

Month

USD

LIBOR

+

2.25%

2.69%,

07/17/2026

(n)

995‌

968‌

1

Month

USD

LIBOR

+

2.50%

Univision

Communications

Inc

3.75%,

03/15/2024

(n)

344‌

328‌

3

Month

USD

LIBOR

+

2.75%

Ziggo

Financing

Partnership

2.68%,

04/17/2028

(n)

2,125‌

2,026‌

1

Month

USD

LIBOR

+

2.50%

$

41,436‌

Mining

-

0.00%

Covia

Holdings

Corp

5.39%,

04/09/2025

(n)

153‌

92‌

3

Month

USD

LIBOR

+

3.75%

Miscellaneous

Manufacturers

-

0.07%

Gates

Global

LLC

3.75%,

03/31/2024

(n)

2,236‌

2,138‌

3

Month

USD

LIBOR

+

2.75%

Office

&

Business

Equipment

-

0.03%

Pitney

Bowes

Inc

5.91%,

01/17/2025

(n)

1,382‌

1,094‌

1

Month

USD

LIBOR

+

5.50%

Oil

&

Gas

-

0.18%

California

Resources

Corp

0.00%,

12/31/2021

(d),(n)

764‌

35‌

1

Month

USD

LIBOR

+

10.37%

0.00%,

11/14/2022

(d),(n)

5,375‌

1,365‌

1

Month

USD

LIBOR

+

4.75%

Delek

US

Holdings

Inc

0.00%,

03/30/2025

(n),(p)

1,418‌

1,326‌

1

Month

USD

LIBOR

+

5.50%

2.42%,

03/14/2025

(n)

1,201‌

1,033‌

3

Month

USD

LIBOR

+

2.25%

Fieldwood

Energy

LLC

0.00%,

04/11/2022

(d),(n)

6,271‌

770‌

3

Month

USD

LIBOR

+

5.25%

0.00%,

04/11/2023

(d),(n)

3,648‌

24‌

3

Month

USD

LIBOR

+

7.25%

Gulf

Finance

LLC

6.42%,

08/17/2023

(n)

1,832‌

1,050‌

3

Month

USD

LIBOR

+

5.25%

$

5,603‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

48

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Oil

&

Gas

Services

-

0.03%

PGS

ASA

8.46%,

03/19/2024

(n)

$

1,556‌

$

812‌

3

Month

USD

LIBOR

+

5.50%

Packaging

&

Containers

-

0.31%

Berry

Global

Inc

2.22%,

01/19/2024

(n)

1,439‌

1,409‌

1

Month

USD

LIBOR

+

2.00%

2.22%,

07/01/2026

(n)

1,803‌

1,757‌

1

Month

USD

LIBOR

+

2.00%

Kloeckner

Pentaplast

of

America

Inc

5.25%,

06/29/2022

(n)

2,365‌

2,133‌

3

Month

USD

LIBOR

+

4.25%

Reynolds

Group

Holdings

Inc

2.92%,

02/05/2023

(n)

4,554‌

4,407‌

3

Month

USD

LIBOR

+

2.75%

$

9,706‌

Pharmaceuticals

-

0.70%

Akorn

Inc

14.75%,

PIK

0.75%,

04/16/2021

(n),(o)

902‌

770‌

1

Month

USD

LIBOR

+

12.50%

Amneal

Pharmaceuticals

LLC

3.69%,

03/21/2025

(n)

945‌

866‌

3

Month

USD

LIBOR

+

3.50%

Bausch

Health

Americas

Inc

2.92%,

11/14/2025

(n)

3,618‌

3,529‌

3

Month

USD

LIBOR

+

2.75%

3.17%,

05/19/2025

(n)

4,791‌

4,690‌

3

Month

USD

LIBOR

+

3.00%

Change

Healthcare

Holdings

LLC

3.50%,

03/01/2024

(n)

5,741‌

5,579‌

1

Month

USD

LIBOR

+

2.50%

Elanco

Animal

Health

0.00%,

02/04/2027

(n),(p)

1,800‌

1,742‌

Grifols

Worldwide

Operations

USA

Inc

2.09%,

11/08/2027

(n)

3,225‌

3,144‌

1

Month

USD

LIBOR

+

2.00%

Mallinckrodt

International

Finance

SA

3.75%,

02/24/2025

(n)

1,264‌

857‌

3

Month

USD

LIBOR

+

3.00%

4.20%,

09/24/2024

(n)

1,666‌

1,135‌

3

Month

USD

LIBOR

+

2.75%

$

22,312‌

Pipelines

-

0.21%

BCP

Renaissance

Parent

LLC

4.95%,

10/31/2024

(n)

967‌

799‌

3

Month

USD

LIBOR

+

3.50%

Blackstone

CQP

Holdco

LP

4.62%,

09/30/2024

(n)

2,484‌

2,373‌

3

Month

USD

LIBOR

+

3.50%

Buckeye

Partners

LP

3.12%,

11/15/2026

(n)

2,350‌

2,279‌

1

Month

USD

LIBOR

+

2.75%

Traverse

Midstream

Partners

LLC

5.00%,

09/21/2024

(n)

1,462‌

1,200‌

3

Month

USD

LIBOR

+

4.00%

$

6,651‌

Real

Estate

-

0.13%

Brookfield

Retail

Holdings

VII

Sub

3

LLC

2.42%,

08/28/2023

(n)

4,016‌

3,133‌

3

Month

USD

LIBOR

+

2.25%

Realogy

Group

LLC

3.00%,

02/08/2025

(n)

963‌

855‌

3

Month

USD

LIBOR

+

2.25%

$

3,988‌

REITs

-

0.04%

Blackstone

Mortgage

Trust

Inc

2.42%,

04/23/2026

(n)

1,489‌

1,396‌

1

Month

USD

LIBOR

+

2.25%

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Retail

-

0.58%

1011778

BC

ULC

1.92%,

11/14/2026

(n)

$

6,188‌

$

5,932‌

1

Month

USD

LIBOR

+

1.75%

Academy

Ltd

5.00%,

07/01/2022

(n)

1,709‌

1,273‌

3

Month

USD

LIBOR

+

4.00%

Belk

Inc

7.75%,

07/31/2025

(n)

1,664‌

478‌

1

Month

USD

LIBOR

+

6.75%

BJ's

Wholesale

Club

Inc

2.44%,

02/03/2024

(n)

1,082‌

1,060‌

1

Month

USD

LIBOR

+

2.25%

EG

America

LLC

5.07%,

02/07/2025

(n)

1,225‌

1,158‌

3

Month

USD

LIBOR

+

4.00%

IRB

Holding

Corp

3.75%,

02/05/2025

(n)

885‌

831‌

1

Month

USD

LIBOR

+

2.75%

Petco

Animal

Supplies

Inc

4.25%,

01/26/2023

(n)

424‌

292‌

3

Month

USD

LIBOR

+

3.25%

PetSmart

Inc

5.00%,

03/11/2022

(n)

5,323‌

5,224‌

1

Month

USD

LIBOR

+

4.00%

Serta

Simmons

Bedding

LLC

4.61%,

10/20/2023

(n)

272‌

110‌

3

Month

USD

LIBOR

+

3.50%

9.02%,

11/08/2024

(n)

470‌

23‌

3

Month

USD

LIBOR

+

8.00%

SRS

Distribution

Inc

4.32%,

05/19/2025

(n)

1,149‌

1,087‌

3

Month

USD

LIBOR

+

3.25%

Whatabrands

LLC

3.01%,

08/02/2026

(n)

845‌

810‌

1

Month

USD

LIBOR

+

2.75%

$

18,278‌

Semiconductors

-

0.06%

Bright

Bidco

BV

4.57%,

06/30/2024

(n)

2,076‌

651‌

3

Month

USD

LIBOR

+

3.50%

MACOM

Technology

Solutions

Holdings

Inc

2.42%,

05/17/2024

(n)

628‌

566‌

3

Month

USD

LIBOR

+

2.25%

Microchip

Technology

Inc

2.18%,

05/29/2025

(n)

575‌

562‌

3

Month

USD

LIBOR

+

2.00%

ON

Semiconductor

Corp

2.17%,

09/16/2026

(n)

261‌

254‌

1

Month

USD

LIBOR

+

2.00%

$

2,033‌

Software

-

1.85%

Blackboard

Inc

7.00%,

06/30/2024

(n)

2,985‌

2,661‌

1

Month

USD

LIBOR

+

6.00%

Boxer

Parent

Co

Inc

4.42%,

10/02/2025

(n)

575‌

542‌

3

Month

USD

LIBOR

+

4.25%

Camelot

Finance

SA

3.17%,

10/28/2026

(n)

1,208‌

1,179‌

1

Month

USD

LIBOR

+

3.25%

Cengage

Learning

Inc

5.25%,

06/07/2023

(n)

4,103‌

3,305‌

3

Month

USD

LIBOR

+

4.25%

Ceridian

HCM

Holding

Inc

2.59%,

04/04/2025

(n)

1,525‌

1,476‌

3

Month

USD

LIBOR

+

3.00%

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

49

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Software

(continued)

Compuware

Corp

6.25%,

08/08/2025

(n)

$

867‌

$

862‌

1

Month

USD

LIBOR

+

4.00%

DiscoverOrg

LLC

5.45%,

02/02/2026

(n)

1,640‌

1,620‌

3

Month

USD

LIBOR

+

4.50%

DTI

Holdco

Inc

5.75%,

10/02/2023

(n)

795‌

657‌

3

Month

USD

LIBOR

+

4.75%

Dun

&

Bradstreet

Corp/The

4.17%,

02/06/2026

(n)

1,000‌

972‌

1

Month

USD

LIBOR

+

4.00%

Dynatrace

LLC

2.42%,

08/08/2025

(n)

606‌

588‌

1

Month

USD

LIBOR

+

2.75%

Epicor

Software

Corp

3.43%,

05/12/2022

(n)

3,985‌

3,884‌

3

Month

USD

LIBOR

+

3.25%

Evergreen

Skills

Lux

Sarl

0.00%,

04/28/2021

(d),(n)

5,015‌

2,656‌

3

Month

USD

LIBOR

+

4.75%

0.00%,

04/28/2022

(d),(n)

804‌

33‌

3

Month

USD

LIBOR

+

8.25%

Finastra

USA

Inc

4.51%,

06/13/2024

(n)

1,672‌

1,516‌

3

Month

USD

LIBOR

+

3.50%

Greeneden

US

Holdings

II

LLC

3.59%,

12/01/2023

(n)

3,037‌

2,942‌

3

Month

USD

LIBOR

+

3.25%

Greenway

Health

LLC

4.82%,

02/16/2024

(n)

267‌

200‌

3

Month

USD

LIBOR

+

4.25%

Informatica

LLC

3.42%,

02/14/2027

(n)

2,527‌

2,405‌

1

Month

USD

LIBOR

+

3.25%

Kronos

Inc/MA

3.33%,

11/01/2023

(n)

1,501‌

1,473‌

3

Month

USD

LIBOR

+

3.00%

MA

FinanceCo

LLC

0.00%,

05/29/2025

(n),(p)

261‌

257‌

2.67%,

06/21/2024

(n)

695‌

656‌

3

Month

USD

LIBOR

+

2.50%

Project

Boost

Purchaser

LLC

3.67%,

05/22/2026

(n)

993‌

929‌

3

Month

USD

LIBOR

+

3.50%

Rackspace

Hosting

Inc

4.00%,

11/03/2023

(n)

5,724‌

5,562‌

3

Month

USD

LIBOR

+

3.00%

Riverbed

Technology

Inc

4.25%,

04/24/2022

(n)

1,975‌

1,704‌

3

Month

USD

LIBOR

+

3.25%

RP

Crown

Parent

LLC

3.75%,

10/12/2023

(n)

1,918‌

1,870‌

3

Month

USD

LIBOR

+

2.75%

Seattle

SpinCo

Inc

2.67%,

06/21/2024

(n)

4,692‌

4,427‌

3

Month

USD

LIBOR

+

2.50%

Sophia

LP

4.70%,

09/30/2022

(n)

3,062‌

2,995‌

3

Month

USD

LIBOR

+

3.25%

SS&C

Technologies

Inc

1.92%,

04/16/2025

(n)

1,473‌

1,424‌

1

Month

USD

LIBOR

+

1.75%

1.92%,

04/16/2025

(n)

2,298‌

2,223‌

1

Month

USD

LIBOR

+

1.75%

2.06%,

04/16/2025

(n)

2,143‌

2,072‌

1

Month

USD

LIBOR

+

1.75%

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Software

(continued)

TIBCO

Software

Inc

3.93%,

06/30/2026

(n)

$

1,884‌

$

1,810‌

1

Month

USD

LIBOR

+

3.75%

Ultimate

Software

Group

Inc/The

3.92%,

05/03/2026

(n)

2,239‌

2,163‌

3

Month

USD

LIBOR

+

3.75%

Zelis

Payments

Buyer

Inc

4.92%,

09/25/2026

(n)

1,534‌

1,493‌

1

Month

USD

LIBOR

+

4.75%

$

58,556‌

Telecommunications

-

1.56%

Altice

France

SA/France

4.18%,

08/14/2026

(n)

3,940‌

3,779‌

3

Month

USD

LIBOR

+

4.00%

Avaya

Inc

4.43%,

12/16/2024

(n)

5,012‌

4,656‌

3

Month

USD

LIBOR

+

4.25%

CenturyLink

Inc

2.42%,

03/15/2027

(n)

6,093‌

5,839‌

1

Month

USD

LIBOR

+

2.25%

CommScope

Inc

3.42%,

02/06/2026

(n)

2,778‌

2,663‌

3

Month

USD

LIBOR

+

3.25%

Connect

Finco

SARL

5.50%,

09/23/2026

(n)

1,875‌

1,744‌

1

Month

USD

LIBOR

+

4.50%

Consolidated

Communications

Inc

4.00%,

10/05/2023

(n)

337‌

322‌

3

Month

USD

LIBOR

+

3.00%

Frontier

Communications

Corp

5.35%,

06/15/2024

(n)

4,567‌

4,475‌

3

Month

USD

LIBOR

+

3.75%

Intelsat

Jackson

Holdings

SA

0.00%,

05/15/2021

(g),(n),(p)

5,558‌

5,475‌

5.92%,

11/27/2023

(n)

8,816‌

8,857‌

1

Month

USD

LIBOR

+

3.75%

6.63%,

01/15/2024

(n)

2,425‌

2,438‌

Intrado

Corp

4.95%,

10/10/2024

(n)

545‌

438‌

3

Month

USD

LIBOR

+

3.50%

5.45%,

10/10/2024

(n)

1,614‌

1,309‌

3

Month

USD

LIBOR

+

4.00%

Iridium

Satellite

LLC

4.75%,

10/16/2026

(n)

2,607‌

2,574‌

1

Month

USD

LIBOR

+

3.75%

Maxar

Technologies

Ltd

2.93%,

10/05/2024

(n)

1,433‌

1,369‌

3

Month

USD

LIBOR

+

2.75%

MLN

US

Holdco

LLC

4.83%,

11/30/2025

(n)

746‌

563‌

3

Month

USD

LIBOR

+

4.50%

Plantronics

Inc

2.79%,

06/02/2025

(n)

1,272‌

1,013‌

3

Month

USD

LIBOR

+

2.50%

T-Mobile

USA

Inc

3.39%,

04/01/2027

(n)

1,500‌

1,500‌

1

Month

USD

LIBOR

+

3.00%

Windstream

Services

LLC

6.17%,

08/31/2020

(n)

310‌

178‌

3

Month

USD

LIBOR

+

2.00%

Zayo

Group

Holdings

Inc

3.17%,

02/19/2027

(n)

220‌

211‌

1

Month

USD

LIBOR

+

3.00%

$

49,403‌

Transportation

-

0.10%

American

Commercial

9.00%,

02/11/2027

(g),(n)

24‌

24‌

1

Month

USD

LIBOR

+

7.00%

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

50

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Transportation

(continued)

CEVA

Logistics

Finance

BV

6.45%,

08/04/2025

(n)

$

735‌

$

520‌

3

Month

USD

LIBOR

+

5.00%

Commercial

Barge

Line

Co

0.00%,

11/12/2020

(d),(n)

519‌

156‌

3

Month

USD

LIBOR

+

8.75%

Genesee

&

Wyoming

Inc

3.45%,

11/06/2026

(n)

1,300‌

1,270‌

1

Month

USD

LIBOR

+

2.00%

XPO

Logistics

Inc

2.17%,

02/24/2025

(n)

1,144‌

1,112‌

3

Month

USD

LIBOR

+

2.00%

$

3,082‌

TOTAL

SENIOR

FLOATING

RATE

INTERESTS

$

496,105‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

-

17.13%

Principal

Amount

(000's)

Value

(000's)

U.S.

Treasury

-

0.95%

0.43%,

10/31/2021

(l),(q)

$

30,000‌

$

30,099‌

US

Treasury

3

Month

Bill

Money

Market

Yield

+

0.30%

U.S.

Treasury

Bill

-

0.32%

0.12%,

07/14/2020

(l),(r)

10,000‌

9,998‌

U.S.

Treasury

Inflation-Indexed

Obligations

-

15.86%

0.13%,

01/15/2022

19,949‌

19,997‌

0.13%,

04/15/2022

25,193‌

25,243‌

0.13%,

07/15/2022

23,121‌

23,363‌

0.13%,

01/15/2023

19,082‌

19,271‌

0.13%,

07/15/2024

13,790‌

14,165‌

0.13%,

04/15/2025

5,071‌

5,235‌

0.13%,

07/15/2026

23,908‌

24,905‌

0.13%,

01/15/2030

15,430‌

16,345‌

0.25%,

01/15/2025

22,103‌

22,821‌

0.25%,

07/15/2029

8,744‌

9,367‌

0.25%,

02/15/2050

2,711‌

2,963‌

0.38%,

07/15/2023

18,613‌

19,102‌

0.38%,

07/15/2025

(q)

24,722‌

25,900‌

0.38%,

01/15/2027

14,425‌

15,260‌

0.38%,

07/15/2027

18,946‌

20,214‌

0.50%,

01/15/2028

19,658‌

21,170‌

0.63%,

07/15/2021

2,814‌

2,834‌

0.63%,

04/15/2023

18,634‌

19,099‌

0.63%,

01/15/2024

13,132‌

13,609‌

0.63%,

01/15/2026

(q)

21,533‌

22,878‌

0.63%,

02/15/2043

9,369‌

10,800‌

0.75%,

07/15/2028

19,371‌

21,420‌

0.75%,

02/15/2042

8,455‌

9,916‌

0.75%,

02/15/2045

10,558‌

12,644‌

0.88%,

01/15/2029

(q)

9,426‌

10,528‌

0.88%,

02/15/2047

6,710‌

8,383‌

1.00%,

02/15/2046

6,978‌

8,871‌

1.00%,

02/15/2048

5,705‌

7,386‌

1.00%,

02/15/2049

6,221‌

8,144‌

1.38%,

02/15/2044

7,060‌

9,455‌

1.75%,

01/15/2028

3,153‌

3,702‌

2.00%,

01/15/2026

7,862‌

8,966‌

2.13%,

02/15/2040

3,381‌

4,879‌

2.13%,

02/15/2041

5,022‌

7,350‌

2.38%,

01/15/2025

2,346‌

2,655‌

2.38%,

01/15/2027

7,374‌

8,803‌

2.50%,

01/15/2029

4,234‌

5,332‌

3.38%,

04/15/2032

3,266‌

4,766‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

U.S.

Treasury

Inflation-Indexed

Obligations

(continued)

3.63%,

04/15/2028

$

3,602‌

$

4,765‌

$

502,506‌

TOTAL

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

$

542,603‌

TOTAL

PURCHASED

OPTIONS

-

0.01%

$

147‌

TOTAL

PURCHASED

INTEREST

RATE

SWAPTIONS

-

0.09%

$

2,851‌

TOTAL

PURCHASED

CAPPED

OPTIONS

-

0.01%

$

140‌

Total

Investments

$

3,156,291‌

Other

Assets

and

Liabilities

-  0.34%

10,970‌

TOTAL

NET

ASSETS

-

100.00%

$

3,167,261‌

(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

$17,237

or

0.54%

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)

Restricted

Security.

Please

see

Restricted

Security

sub-schedule

for

additional

information.

(f)

Security

or

a

portion

of

the

security

was

on

loan

at

the

end

of

the

period.

(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

$8,266

or

0.26%

of

net

assets.

(h)

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

$174,274

or

5.50%

of

net

assets.

(i)

The

value

of

these

investments

was

determined

using

significant

unobservable

inputs.

(j)

Security

is

an

Interest

Only

Strip.

(k)

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.

(l)

All

or

a

portion

of

this

security

is

owned

by

the

DRA

Cayman

Corporation,

which

is

a

100%

owned

subsidiary

of

the

fund.

(m)

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

$27,582

or

0.87%

of

net

assets.

(n)

Rate

information

disclosed

is

based

on

an

average

weighted

rate

of

the

underlying

tranches

as

of

period

end.

(o)

Payment

in

kind;

the

issuer

has

the

option

of

paying

additional

securities

in

lieu

of

cash.

(p)

This

Senior

Floating

Rate

Note

will

settle

after

May

31,

2020,

at

which

time

the

interest

rate

will

be

determined.

(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

$2,667

or

0.08%

of

net

assets.

(r)

Rate

shown

is

the

discount

rate

of

the

original

purchase.

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

51

Portfolio

Summary  (unaudited)

Sector

Percent

Government

25.40‌%

Utilities

15.50‌%

Financial

11.09‌%

Energy

9.22‌%

Basic

Materials

8.02‌%

Industrial

7.41‌%

Consumer,

Non-cyclical

7.02‌%

Mortgage

Securities

4.38‌%

Consumer,

Cyclical

3.69‌%

Communications

3.59‌%

Technology

2.63‌%

Money

Market

Funds

1.59‌%

Purchased

Interest

Rate

Swaptions

0.09‌%

Purchased

Capped

Options

0.01‌%

Purchased

Options

0.01‌%

Investment

Companies

0.01‌%

Other

Assets

and

Liabilities

0.34‌%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

August

31,

2019

Purchases

Sales

May

31,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

115,751‌

$

1,905,985‌

$

1,975,645‌

$

46,091‌

$

115,751‌

$

1,905,985‌

$

1,975,645‌

$

46,091‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

1,133‌

$

—‌

$

—‌

$

—‌

$

1,133‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Restricted

Securities

Security

Name

Acquisition

Date

Cost

Value

Percent

of

Net

Assets

Advanz

Pharma

Corp

Ltd

08/08/2018

$

209‌

$

53‌

0.00%

Fieldwood

Energy

LLC

04/05/2018

273‌

—‌

0.00%

Millennium

Health

LLC

12/21/2015

206‌

—‌

0.00%

Millennium

Health

LLC

03/15/2016

—‌

23‌

0.00%

Millennium

Health

LLC

03/15/2016

—‌

19‌

0.00%

Total

$

95‌

0.00%

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

Barclays

Bank

PLC

Max

(0,

5Y

CMS-0.30%)

Receive

$

38,200‌

0.30%

02/15/2022

$

68‌

$

135‌

$

67‌

Call

-

5Y-30Y

CMS

Index

Floor

Deutsche

Bank

AG

Max

(0,

5Y

CMS-0.35%)

Receive

8,300‌

0.35%

07/09/2020

7‌

2‌

(5‌)

Call

-

5Y-30Y

CMS

Index

Floor

JPMorgan

Chase

Max

(0,

5Y

CMS-0.40%)

Receive

8,190‌

0.40%

06/30/2020

6‌

3‌

(3‌)

Total

$

81‌

$

140‌

$

59‌

Written

Capped

Options

Description

Counterparty

Range

Pay/

Receive

Floating

Rate

Notional

Amount

Exercise

Rate

Expiration

Date

Upfront

Payments/

(Premiums)

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Put

-

5Y-30Y

CMS

Index

Cap

Barclays

Bank

PLC

Max

(0,

5Y

CMS-0.55%)

Receive

$

19,100‌

0.55%

02/15/2022

$

(16‌)

$

(39‌)

$

(23‌)

Put

-

5Y-30Y

CMS

Index

Cap

Barclays

Bank

PLC

Max

(0,

5Y

CMS-0.55%)

Receive

19,100‌

0.55%

02/15/2022

(20‌)

(39‌)

(19‌)

Put

-

5Y-30Y

CMS

Index

Floor

Deutsche

Bank

AG

Max

(0,

5Y

CMS-0.25%)

Pay

16,610‌

0.25%

07/09/2020

(8‌)

—‌

8‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

52

Written

Capped

Options

(continued)

Description

Counterparty

Range

Pay/

Receive

Floating

Rate

Notional

Amount

Exercise

Rate

Expiration

Date

Upfront

Payments/

(Premiums)

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Put

-

5Y-30Y

CMS

Index

Floor

JPMorgan

Chase

Max

(0,

5Y

CMS-0.30%)

Pay

$

16,380‌

0.30%

06/30/2020

$

(8‌)

$

(2‌)

$

6‌

Total

$

(52‌)

$

(80‌)

$

(28‌)

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

-

EUR

versus

GBP

Wells

Fargo

Securities

LLC

1

EUR

2,545‌

EUR

0.90‌

11/03/2020

$

41‌

$

66‌

$

25‌

Call

-

90

Day

Eurodollar

Future;

December

2021

N/A

186‌

$

465‌

$

99.75‌

12/14/2021

33‌

81‌

48‌

Put

-

90

Day

Eurodollar

Future;

June

2022

N/A

51‌

128‌

$

98.25‌

06/15/2020

11‌

—‌

(11‌)

Total

$

85‌

$

147‌

$

62‌

Written

Options

Outstanding

Counterparty

Contracts/

Shares

Notional

Amount

Exercise

Price

Expiration

Date

Upfront

Payments/

(Premiums)

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Call

-

90

Day

Eurodollar

Future;

December

2021

N/A

93‌

$

233‌

$

99.38‌

12/14/2021

$

(41‌)

$

(107‌)

$

(66‌)

Total

$

(41‌)

$

(107‌)

$

(66‌)

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

-

1

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

$

6,310‌

0.39%

05/23/2023

$

20‌

$

19‌

$

(1‌)

Call

-

1

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Pay

9,290‌

1.77%

11/06/2024

50‌

115‌

65‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,330‌

2.95%

03/13/2024

60‌

261‌

201‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,956‌

2.98%

03/08/2024

90‌

389‌

299‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,120‌

1.50%

02/26/2025

59‌

88‌

29‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,490‌

3.09%

12/07/2038

69‌

298‌

229‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

560‌

3.08%

01/30/2029

32‌

110‌

78‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,760‌

1.46%

08/17/2021

63‌

135‌

72‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

560‌

3.05%

01/11/2029

32‌

109‌

77‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

740‌

0.89%

05/01/2025

40‌

33‌

(7‌)

Call

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

410‌

2.99%

04/28/2038

19‌

79‌

60‌

Call

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Pay

130‌

2.86%

02/23/2039

7‌

24‌

17‌

Call

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

560‌

3.04%

01/12/2029

32‌

108‌

76‌

Call

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

6,176‌

1.50%

06/02/2020

19‌

155‌

136‌

Call

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

16,130‌

1.20%

09/24/2020

51‌

312‌

261‌

Call

-

2

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Pay

11,430‌

1.25%

08/11/2020

54‌

232‌

178‌

Call

-

20

Year

Interest

Rate

Swap

JPMorgan

Chase

6

Month

JPY

LIBOR

Receive

JPY

39,560‌

0.78%

04/19/2021

13‌

40‌

27‌

Call

-

30

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

$

550‌

0.83%

11/24/2020

38‌

22‌

(16‌)

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

53

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

-

1

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

$

9,290‌

1.77%

11/06/2024

$

50‌

$

13‌

$

(37‌)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,330‌

2.95%

03/13/2024

60‌

7‌

(53‌)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

3,280‌

2.35%

07/14/2020

12‌

—‌

(12‌)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,490‌

3.09%

12/07/2038

69‌

42‌

(27‌)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

560‌

3.05%

01/11/2029

31‌

9‌

(22‌)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,120‌

1.50%

02/26/2025

59‌

38‌

(21‌)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

560‌

3.08%

01/30/2029

32‌

9‌

(23‌)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

JPY

LIBOR

Pay

JPY

758,545‌

1.10%

06/30/2022

103‌

1‌

(102‌)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

$

1,956‌

2.98%

03/08/2024

90‌

10‌

(80‌)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,760‌

1.46%

08/17/2021

63‌

13‌

(50‌)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,390‌

2.25%

08/09/2022

33‌

7‌

(26‌)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

740‌

0.89%

05/01/2025

40‌

44‌

4‌

Put

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

130‌

2.86%

02/23/2039

6‌

4‌

(2‌)

Put

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

410‌

2.99%

04/28/2038

19‌

12‌

(7‌)

Put

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

2,010‌

2.25%

08/03/2022

54‌

9‌

(45‌)

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

1,960‌

2.50%

06/14/2024

88‌

20‌

(68‌)

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

560‌

3.04%

01/12/2029

32‌

10‌

(22‌)

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

1,330‌

2.50%

06/21/2024

54‌

14‌

(40‌)

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Receive

EUR

5,023‌

0.00%

06/25/2020

3‌

—‌

(3‌)

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Receive

5,023‌

0.00%

06/29/2020

2‌

—‌

(2‌)

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Receive

5,023‌

0.00%

06/24/2020

3‌

—‌

(3‌)

Put

-

2

Year

Interest

Rate

Swap

JPMorgan

Chase

6

Month

Euro

Interbank

Offered

Rate

Receive

13,390‌

0.00%

06/23/2020

7‌

—‌

(7‌)

Put

-

20

Year

Interest

Rate

Swap

JPMorgan

Chase

6

Month

JPY

LIBOR

Receive

JPY

39,560‌

0.78%

04/19/2021

12‌

—‌

(12‌)

Put

-

30

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

$

2,210‌

2.85%

05/10/2022

129‌

15‌

(114‌)

Put

-

30

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,390‌

3.80%

06/08/2021

54‌

1‌

(53‌)

Put

-

30

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

550‌

0.83%

11/24/2020

38‌

40‌

2‌

Put

-

30

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

465‌

1.35%

09/07/2020

18‌

4‌

(14‌)

Total

$

1,909‌

$

2,851‌

$

942‌

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

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

$

3,230‌

0.61%

04/07/2023

$

(12‌)

$

(14‌)

$

(2‌)

Call

-

1

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

6,310‌

0.69%

04/12/2023

(24‌)

(30‌)

(6‌)

Call

-

1

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

9,290‌

1.58%

11/06/2020

(22‌)

(125‌)

(103‌)

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(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)

Call

-

1

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

$

9,290‌

0.41%

03/18/2021

$

(16‌)

$

(23‌)

$

(7‌)

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

2,420‌

1.74%

11/20/2020

(58‌)

(254‌)

(196‌)

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,760‌

1.42%

08/18/2020

(45‌)

(131‌)

(86‌)

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,110‌

0.71%

04/07/2021

(31‌)

(25‌)

6‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

550‌

0.69%

04/07/2021

(16‌)

(12‌)

4‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,050‌

1.62%

11/03/2020

(25‌)

(98‌)

(73‌)

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

2,464‌

2.79%

03/09/2021

(73‌)

(504‌)

(431‌)

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,040‌

1.64%

11/03/2020

(25‌)

(99‌)

(74‌)

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,590‌

3.05%

03/13/2029

(84‌)

(308‌)

(224‌)

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

550‌

0.88%

04/15/2021

(15‌)

(18‌)

(3‌)

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

2,610‌

2.20%

06/12/2020

(57‌)

(401‌)

(344‌)

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,010‌

1.62%

09/15/2020

(25‌)

(94‌)

(69‌)

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

525‌

0.77%

04/16/2021

(14‌)

(13‌)

1‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

610‌

0.79%

04/16/2021

(16‌)

(16‌)

—‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

1,100‌

0.69%

05/14/2021

(28‌)

(24‌)

4‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

525‌

0.72%

04/19/2021

(14‌)

(12‌)

2‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

550‌

0.69%

04/07/2021

(15‌)

(12‌)

3‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

2,220‌

0.66%

07/23/2020

(34‌)

(21‌)

13‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

1,140‌

0.74%

05/03/2022

(39‌)

(34‌)

5‌

Call

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

2,180‌

1.20%

08/18/2020

(40‌)

(117‌)

(77‌)

Call

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

1,110‌

0.87%

04/12/2021

(30‌)

(35‌)

(5‌)

Call

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

1,680‌

0.74%

04/20/2021

(47‌)

(41‌)

6‌

Call

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

1,105‌

0.71%

04/02/2021

(32‌)

(25‌)

7‌

Call

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

660‌

0.73%

04/07/2021

(18‌)

(16‌)

2‌

Call

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

445‌

0.85%

04/08/2021

(12‌)

(14‌)

(2‌)

Call

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

32,250‌

0.70%

09/24/2020

(36‌)

(303‌)

(267‌)

Call

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

12,356‌

1.00%

06/02/2020

(17‌)

(186‌)

(169‌)

Call

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

5,728‌

1.53%

12/14/2020

(27‌)

(149‌)

(122‌)

Call

-

2

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

22,860‌

0.75%

08/11/2020

(44‌)

(236‌)

(192‌)

Call

-

2

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

5,725‌

1.51%

12/15/2020

(28‌)

(147‌)

(119‌)

Call

-

30

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

2,350‌

1.39%

08/24/2020

(76‌)

(306‌)

(230‌)

Call

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Receive

EUR

2,780‌

0.02%

04/08/2022

(35‌)

(53‌)

(18‌)

Call

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Receive

1,023‌

0.14%

09/13/2022

(15‌)

(16‌)

(1‌)

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

55

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

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Receive

EUR

2,400‌

0.12%

04/05/2022

$

(31‌)

$

(38‌)

$

(7‌)

Call

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Receive

1,020‌

0.04%

09/14/2022

(16‌)

(20‌)

(4‌)

Call

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Receive

10,415‌

0.29%

08/21/2020

(50‌)

(33‌)

17‌

Put

-

1

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

$

20,360‌

2.35%

05/18/2021

(41‌)

—‌

41‌

Put

-

1

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

27,720‌

2.15%

05/28/2021

(78‌)

—‌

78‌

Put

-

1

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

3,230‌

0.61%

04/07/2023

(12‌)

(7‌)

5‌

Put

-

1

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

9,020‌

0.55%

04/22/2022

(16‌)

(9‌)

7‌

Put

-

1

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

6,310‌

0.69%

04/12/2023

(25‌)

(13‌)

12‌

Put

-

1

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Pay

9,290‌

1.58%

11/06/2020

(22‌)

—‌

22‌

Put

-

1

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

9,290‌

0.41%

03/18/2021

(16‌)

(4‌)

12‌

Put

-

1

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

34,330‌

2.40%

06/02/2021

(62‌)

—‌

62‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,960‌

2.30%

06/16/2020

(28‌)

—‌

28‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

550‌

0.69%

04/07/2021

(15‌)

(13‌)

2‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,300‌

1.85%

02/23/2022

(23‌)

(8‌)

15‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,216‌

1.60%

03/07/2022

(21‌)

(12‌)

9‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,040‌

1.64%

11/03/2020

(25‌)

(1‌)

24‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

550‌

0.88%

04/15/2021

(15‌)

(9‌)

6‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,950‌

2.15%

01/11/2022

(46‌)

(7‌)

39‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,110‌

0.71%

04/07/2021

(31‌)

(26‌)

5‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

2,930‌

3.87%

06/08/2021

(57‌)

—‌

57‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

560‌

2.35%

07/13/2020

(6‌)

—‌

6‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

2,010‌

2.30%

07/27/2020

(26‌)

—‌

26‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,090‌

2.00%

08/04/2020

(16‌)

—‌

16‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,390‌

3.25%

08/09/2022

(8‌)

(1‌)

7‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,390‌

2.75%

08/09/2022

(17‌)

(3‌)

14‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,950‌

2.10%

01/07/2022

(45‌)

(7‌)

38‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

2,464‌

2.79%

03/09/2021

(74‌)

(1‌)

73‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

4,810‌

2.75%

05/10/2022

(139‌)

(8‌)

131‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,590‌

3.05%

03/13/2029

(84‌)

(27‌)

57‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,640‌

1.95%

07/14/2020

(18‌)

—‌

18‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

2,610‌

2.20%

06/12/2020

(57‌)

—‌

57‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,760‌

1.42%

08/18/2020

(46‌)

(1‌)

45‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,300‌

1.85%

02/23/2022

(22‌)

(8‌)

14‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

56

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

$

2,420‌

1.74%

11/20/2020

$

(59‌)

$

(2‌)

$

57‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

2,000‌

1.76%

09/17/2020

(51‌)

(1‌)

50‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,050‌

1.62%

11/03/2020

(26‌)

(1‌)

25‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,010‌

1.62%

09/15/2020

(25‌)

—‌

25‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

1,935‌

1.60%

03/07/2022

(32‌)

(18‌)

14‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

6

Month

Euro

Interbank

Offered

Rate

Pay

EUR

5,215‌

0.18%

07/17/2020

(71‌)

(1‌)

70‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

$

525‌

0.72%

04/19/2021

(14‌)

(12‌)

2‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

610‌

0.79%

04/16/2021

(16‌)

(12‌)

4‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

1,230‌

1.60%

03/04/2022

(22‌)

(12‌)

10‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

525‌

0.77%

04/16/2021

(14‌)

(11‌)

3‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

560‌

2.35%

07/13/2020

(6‌)

—‌

6‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

1,230‌

1.60%

03/01/2022

(23‌)

(12‌)

11‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

550‌

0.69%

04/07/2021

(15‌)

(13‌)

2‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

1,100‌

0.69%

05/14/2021

(28‌)

(29‌)

(1‌)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

1,140‌

0.74%

05/03/2022

(39‌)

(43‌)

(4‌)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

2,220‌

0.66%

07/23/2020

(34‌)

(20‌)

14‌

Put

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Pay

2,010‌

3.25%

08/03/2022

(13‌)

(2‌)

11‌

Put

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Pay

2,180‌

1.60%

08/18/2020

(40‌)

—‌

40‌

Put

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Pay

2,010‌

2.75%

08/03/2022

(27‌)

(4‌)

23‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

1,110‌

0.87%

04/12/2021

(30‌)

(19‌)

11‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

445‌

0.85%

04/08/2021

(12‌)

(8‌)

4‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

1,680‌

0.74%

04/20/2021

(47‌)

(38‌)

9‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

1,730‌

2.25%

08/21/2024

(51‌)

(24‌)

27‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

660‌

0.73%

04/07/2021

(18‌)

(15‌)

3‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

1,960‌

3.00%

06/14/2024

(53‌)

(11‌)

42‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

1,105‌

0.71%

04/02/2021

(31‌)

(26‌)

5‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

1,960‌

3.50%

06/14/2024

(33‌)

(7‌)

26‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

1,330‌

3.00%

06/21/2024

(33‌)

(8‌)

25‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

1,760‌

1.95%

01/31/2022

(41‌)

(9‌)

32‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

1,330‌

3.50%

06/21/2024

(20‌)

(5‌)

15‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

5,728‌

1.53%

12/14/2020

(27‌)

—‌

27‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

EUR

4,950‌

0.11%

05/18/2021

(16‌)

(1‌)

15‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

$

8,350‌

3.50%

08/25/2020

(28‌)

—‌

28‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

57

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

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

Pay

EUR

10,110‌

0.10%

03/30/2021

(35‌)

(2‌)

33‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

7,830‌

0.10%

04/13/2021

(27‌)

(2‌)

25‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

2,500‌

0.05%

07/06/2021

(6‌)

(2‌)

4‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

4,870‌

0.05%

06/11/2021

(12‌)

(2‌)

10‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

7,830‌

0.16%

04/13/2021

(26‌)

(1‌)

25‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

2,190‌

0.00%

06/15/2021

(6‌)

(1‌)

5‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

$

5,220‌

1.05%

10/05/2020

(9‌)

—‌

9‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

EUR

2,130‌

0.00%

06/15/2021

(6‌)

(1‌)

5‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

8,490‌

0.25%

09/07/2021

(14‌)

(16‌)

(2‌)

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

2,570‌

0.00%

06/22/2021

(6‌)

(1‌)

5‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

2,570‌

0.00%

07/02/2021

(5‌)

(1‌)

4‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

2,400‌

0.00%

06/28/2021

(5‌)

(1‌)

4‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

$

11,740‌

2.00%

11/30/2020

(16‌)

—‌

16‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

EUR

3,330‌

0.15%

08/10/2021

(5‌)

(4‌)

1‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

2,200‌

0.00%

06/21/2021

(5‌)

(1‌)

4‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

2,630‌

0.00%

07/20/2021

(5‌)

(2‌)

3‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

5,880‌

0.15%

08/10/2021

(8‌)

(7‌)

1‌

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

3,580‌

3.50%

06/16/2020

(13‌)

—‌

13‌

Put

-

2

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

5,220‌

1.05%

10/05/2020

(7‌)

—‌

7‌

Put

-

2

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

4,845‌

1.00%

10/06/2020

(5‌)

—‌

5‌

Put

-

2

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

9,710‌

0.60%

09/25/2020

(11‌)

(1‌)

10‌

Put

-

2

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

6

Month

Euro

Interbank

Offered

Rate

Pay

EUR

7,790‌

0.15%

04/20/2021

(28‌)

(1‌)

27‌

Put

-

2

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

$

5,725‌

1.51%

12/15/2020

(27‌)

—‌

27‌

Put

-

2

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

6

Month

Euro

Interbank

Offered

Rate

Pay

EUR

3,140‌

0.08%

06/01/2021

(9‌)

(1‌)

8‌

Put

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

1,023‌

0.14%

09/13/2022

(15‌)

(13‌)

2‌

Put

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

1,020‌

0.04%

09/14/2022

(16‌)

(11‌)

5‌

Put

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

10,415‌

0.29%

08/21/2020

(50‌)

(36‌)

14‌

Put

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

2,780‌

0.02%

04/08/2022

(35‌)

(22‌)

13‌

Put

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

3,140‌

0.00%

07/28/2020

(9‌)

—‌

9‌

Put

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

2,400‌

0.12%

04/05/2022

(31‌)

(24‌)

7‌

Total

$

(3,813‌)

$

(4,685‌)

$

(872‌)

Amounts

in

thousands.

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

58

Futures

Contracts

Description

and

Expiration

Date

Type

Contracts

Notional

Amount

Value

and

Unrealized

Appreciation/(Depreciation)

90

Day

Eurodollar;

June

2022

Long

16‌

$

3,990‌

$

53‌

Brent

Crude;

September

2020

(a)

Long

145‌

5,535‌

(87‌)

Canada

10

Year

Bond;

September

2020

Long

48‌

5,356‌

3‌

Cocoa;

July

2020

(a)

Short

250‌

6,135‌

(100‌)

Coffee

'C';

July

2020

(a)

Short

44‌

1,589‌

4‌

Copper;

July

2020

(a)

Short

23‌

1,395‌

(24‌)

Corn;

July

2020

(a)

Short

314‌

5,114‌

(185‌)

Cotton

No.2;

December

2020

(a)

Long

118‌

3,391‌

(10‌)

Cotton

No.2;

July

2020

(a)

Long

104‌

2,995‌

(11‌)

Euro

Bond

10

Year

Bond;

June

2020

Short

113‌

21,633‌

138‌

Euro-Bobl

5

Year;

June

2020

Long

117‌

17,553‌

(110‌)

Euro-BTP;

June

2020

Short

11‌

1,736‌

(51‌)

Euro-Oat;

June

2020

Long

34‌

6,357‌

33‌

Feeder

Cattle;

August

2020

(a)

Short

22‌

1,489‌

(13‌)

Gasoline

RBOB;

September

2020

(a)

Long

9‌

413‌

58‌

Gold

100

oz;

August

2020

(a)

Long

8‌

1,401‌

37‌

Gold

100

oz;

December

2020

(a)

Long

39‌

6,886‌

478‌

Japan

10

Year

Bond

TSE;

June

2020

Short

10‌

14,113‌

18‌

KC

HRW

Wheat;

July

2020

(a)

Short

234‌

5,505‌

(292‌)

Lean

Hogs;

August

2020

(a)

Long

78‌

1,770‌

(88‌)

Lean

Hogs;

July

2020

(a)

Long

31‌

707‌

(27‌)

Live

Cattle;

August

2020

(a)

Short

15‌

598‌

(2‌)

LME

Lead;

September

2020

(a)

Long

224‌

9,392‌

(208‌)

LME

Nickel;

July

2020

(a)

Short

—‌

—‌

(49‌)

LME

Nickel;

June

2020

(a)

Short

—‌

—‌

(507‌)

LME

Nickel;

September

2020

(a)

Long

72‌

5,331‌

136‌

LME

PRI

Alum;

June

2020

(a)

Short

—‌

—‌

(2,132‌)

LME

PRI

Alum;

September

2020

(a)

Long

96‌

3,729‌

(520‌)

LME

Zinc;

June

2020

(a)

Short

—‌

—‌

(2,085‌)

LME

Zinc;

September

2020

(a)

Long

304‌

15,118‌

466‌

Low

Sulphur

Gasoline;

July

2020

(a)

Short

33‌

973‌

(57‌)

Low

Sulphur

Gasoline;

September

2020

(a)

Short

38‌

1,185‌

(58‌)

Natural

Gas;

April

2021

(a)

Short

188‌

4,722‌

(283‌)

Natural

Gas;

January

2021

(a)

Long

188‌

5,555‌

408‌

Natural

Gas;

July

2020

(a)

Long

55‌

1,017‌

(20‌)

Natural

Gas;

March

2021

(a)

Long

188‌

5,260‌

360‌

Natural

Gas;

November

2020

(a)

Short

188‌

4,491‌

(182‌)

Natural

Gas;

September

2020

(a)

Long

78‌

1,551‌

(56‌)

NY

Harb

ULSD;

July

2020

(a)

Short

85‌

3,701‌

(159‌)

NY

Harb

ULSD;

September

2020

(a)

Short

18‌

831‌

(29‌)

Palladium;

September

2020

(a)

Short

14‌

2,762‌

245‌

Platinum;

July

2020

(a)

Long

242‌

10,583‌

859‌

Short

Term

Euro-BTP;

June

2020

Long

104‌

12,925‌

73‌

Silver;

December

2020

(a)

Long

101‌

9,433‌

1,044‌

Silver;

July

2020

(a)

Long

95‌

8,787‌

1,520‌

Soybean

Meal;

July

2020

(a)

Short

292‌

8,269‌

174‌

Soybean

Oil;

July

2020

(a)

Short

56‌

920‌

(31‌)

Soybean;

July

2020

(a)

Long

25‌

1,051‌

(9‌)

Soybean;

November

2020

(a)

Long

61‌

2,598‌

18‌

Sugar

#11;

July

2020

(a)

Long

519‌

6,342‌

171‌

US

10

Year

Note;

September

2020

Short

62‌

8,622‌

(13‌)

US

10

Year

Ultra

Note;

September

2020

Short

153‌

24,071‌

(49‌)

US

2

Year

Note;

September

2020

Long

220‌

48,586‌

10‌

US

5

Year

Note;

September

2020

Long

146‌

18,341‌

24‌

US

Ultra

Bond;

September

2020

Long

27‌

5,887‌

26‌

Wheat;

July

2020

(a)

Long

347‌

9,035‌

134‌

WTI

Crude;

December

2020

(a)

Long

364‌

13,439‌

700‌

WTI

Crude;

July

2020

(a)

Short

189‌

6,708‌

(2,164‌)

WTI

Crude;

September

2020

(a)

Short

11‌

398‌

(22‌)

Total

$

(2,443‌)

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.

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

59

Foreign

Currency

Contracts

Unrealized

Appreciation/(Depreciation)

Counterparty

Settlement

Date

Currency

to

Accept

Currency

to

Deliver

Asset

Liability

Bank

of

America

NA

06/03/2020

$

5,422‌

EUR

4,992‌

$

—‌

$

(119‌)

Bank

of

America

NA

06/03/2020

$

375‌

NZD

606‌

—‌

(1‌)

Bank

of

America

NA

07/08/2020

CAD

1,758‌

$

1,257‌

20‌

—‌

Barclays

Bank

PLC

06/03/2020

JPY

2,198,370‌

$

20,405‌

—‌

(20‌)

Barclays

Bank

PLC

06/17/2020

$

282‌

EUR

260‌

—‌

(7‌)

Barclays

Bank

PLC

07/06/2020

$

20,415‌

JPY

2,198,370‌

16‌

—‌

Barclays

Bank

PLC

08/05/2020

GBP

1,574‌

$

1,947‌

—‌

(3‌)

Barclays

Bank

PLC

08/05/2020

$

1,946‌

EUR

1,745‌

7‌

—‌

BNP

Paribas

06/03/2020

CAD

17‌

$

12‌

—‌

—‌

BNP

Paribas

07/06/2020

$

12‌

CAD

17‌

—‌

—‌

Citigroup

Inc

06/03/2020

$

780‌

NZD

1,272‌

—‌

(10‌)

Citigroup

Inc

06/17/2020

EUR

555‌

$

637‌

—‌

(21‌)

Citigroup

Inc

07/08/2020

$

2,510‌

CAD

3,483‌

—‌

(20‌)

Citigroup

Inc

07/08/2020

CAD

1,171‌

$

830‌

21‌

—‌

Deutsche

Bank

AG

08/05/2020

$

620‌

GBP

511‌

—‌

(12‌)

Deutsche

Bank

AG

08/05/2020

EUR

560‌

$

619‌

3‌

—‌

Goldman

Sachs

&

Co

06/03/2020

$

40‌

EUR

37‌

—‌

(1‌)

Goldman

Sachs

&

Co

06/17/2020

$

259‌

AUD

445‌

—‌

(38‌)

Goldman

Sachs

&

Co

06/17/2020

$

257‌

GBP

220‌

—‌

(15‌)

Goldman

Sachs

&

Co

06/17/2020

$

260‌

JPY

28,345‌

—‌

(3‌)

Goldman

Sachs

&

Co

07/08/2020

CAD

1,738‌

$

1,242‌

21‌

—‌

Goldman

Sachs

&

Co

08/05/2020

GBP

1,060‌

$

1,229‌

80‌

—‌

Goldman

Sachs

&

Co

08/05/2020

$

1,228‌

EUR

1,145‌

—‌

(44‌)

HSBC

Securities

Inc

06/17/2020

JPY

61,594‌

$

605‌

—‌

(34‌)

JPMorgan

Chase

06/17/2020

GBP

470‌

$

617‌

—‌

(37‌)

JPMorgan

Chase

07/06/2020

GBP

159‌

$

196‌

—‌

—‌

JPMorgan

Chase

07/06/2020

$

517‌

EUR

465‌

1‌

—‌

JPMorgan

Chase

08/05/2020

$

2,455‌

GBP

2,135‌

—‌

(182‌)

JPMorgan

Chase

08/05/2020

EUR

2,275‌

$

2,455‌

73‌

—‌

Morgan

Stanley

&

Co

06/03/2020

$

1,092‌

EUR

1,007‌

—‌

(26‌)

Morgan

Stanley

&

Co

06/17/2020

AUD

895‌

$

596‌

1‌

—‌

Morgan

Stanley

&

Co

07/08/2020

$

845‌

CAD

1,173‌

—‌

(7‌)

Morgan

Stanley

&

Co

07/08/2020

CAD

1,742‌

$

1,243‌

22‌

—‌

Royal

Bank

of

Scotland

06/03/2020

GBP

13‌

$

16‌

—‌

—‌

Royal

Bank

of

Scotland

07/06/2020

$

16‌

GBP

13‌

—‌

—‌

Royal

Bank

of

Scotland

07/08/2020

CAD

1,761‌

$

1,258‌

21‌

—‌

Standard

Chartered

Bank,

Hong

Kong

06/03/2020

GBP

155‌

$

190‌

1‌

—‌

Standard

Chartered

Bank,

Hong

Kong

07/06/2020

$

191‌

GBP

155‌

—‌

—‌

UBS

AG

06/03/2020

$

211‌

GBP

168‌

4‌

—‌

UBS

AG

06/03/2020

$

148‌

CAD

205‌

—‌

(1‌)

UBS

AG

06/03/2020

CAD

168‌

$

122‌

—‌

—‌

UBS

AG

06/03/2020

$

217‌

EUR

198‌

—‌

(3‌)

UBS

AG

06/03/2020

EUR

5,977‌

$

6,649‌

—‌

(14‌)

UBS

AG

06/03/2020

$

20,623‌

JPY

2,199,173‌

231‌

—‌

UBS

AG

06/03/2020

$

279‌

NZD

453‌

—‌

(2‌)

UBS

AG

07/06/2020

$

6,653‌

EUR

5,977‌

15‌

—‌

Westpac

Banking

Corporation

06/03/2020

NZD

6,851‌

$

4,250‌

3‌

—‌

Westpac

Banking

Corporation

06/03/2020

$

2,807‌

NZD

4,617‌

—‌

(59‌)

Westpac

Banking

Corporation

07/06/2020

$

4,249‌

NZD

6,851‌

—‌

(1‌)

Total

$

540‌

$

(680‌)

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

1.08%

Semiannual

Quarterly

N/A

09/16/2030

NZD

8,540‌

$

(155‌)

$

(9‌)

$

(164‌)

3

Month

USD

LIBOR

Receive

1.31%

Semiannual

Quarterly

N/A

02/27/2030

$

1,200‌

(78‌)

—‌

(78‌)

3

Month

USD

LIBOR

Pay

1.10%

Quarterly

Semiannual

N/A

03/01/2023

5,810‌

102‌

—‌

102‌

3

Month

USD

LIBOR

Pay

2.52%

Quarterly

Semiannual

N/A

02/28/2025

700‌

72‌

—‌

72‌

3

Month

USD

LIBOR

Receive

2.46%

Semiannual

Quarterly

N/A

02/28/2022

9,730‌

(374‌)

—‌

(374‌)

3

Month

USD

LIBOR

Pay

1.24%

Quarterly

Semiannual

N/A

03/02/2030

600‌

35‌

—‌

35‌

3

Month

USD

LIBOR

Pay

1.24%

Quarterly

Semiannual

N/A

03/02/2030

350‌

20‌

—‌

20‌

3

Month

USD

LIBOR

Pay

0.88%

Quarterly

Semiannual

N/A

03/02/2023

2,905‌

38‌

1‌

39‌

3

Month

USD

LIBOR

Pay

0.88%

Quarterly

Semiannual

N/A

03/02/2023

2,920‌

38‌

—‌

38‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(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

3

Month

USD

LIBOR

Pay

0.73%

Quarterly

Semiannual

N/A

09/04/2022

$

5,790‌

$

58‌

$

—‌

$

58‌

3

Month

USD

LIBOR

Pay

1.02%

Quarterly

Semiannual

N/A

09/08/2030

820‌

28‌

—‌

28‌

3

Month

USD

LIBOR

Receive

1.11%

Semiannual

Quarterly

N/A

03/08/2032

545‌

(16‌)

—‌

(16‌)

3

Month

USD

LIBOR

Pay

0.68%

Quarterly

Semiannual

N/A

03/06/2022

1,720‌

13‌

—‌

13‌

3

Month

USD

LIBOR

Receive

0.82%

Semiannual

Quarterly

N/A

09/08/2025

1,110‌

(25‌)

—‌

(25‌)

3

Month

USD

LIBOR

Pay

1.25%

Quarterly

Semiannual

N/A

09/08/2050

190‌

16‌

—‌

16‌

3

Month

USD

LIBOR

Pay

0.76%

Quarterly

Semiannual

N/A

09/08/2025

576‌

11‌

—‌

11‌

3

Month

USD

LIBOR

Pay

0.50%

Quarterly

Semiannual

N/A

03/11/2030

370‌

(5‌)

—‌

(5‌)

3

Month

USD

LIBOR

Receive

0.65%

Semiannual

Quarterly

N/A

06/02/2030

880‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Pay

0.69%

Quarterly

Semiannual

N/A

03/11/2050

110‌

(7‌)

—‌

(7‌)

3

Month

USD

LIBOR

Receive

1.32%

Semiannual

Quarterly

N/A

08/27/2030

1,640‌

(105‌)

—‌

(105‌)

3

Month

USD

LIBOR

Pay

1.31%

Quarterly

Semiannual

N/A

02/26/2030

390‌

25‌

—‌

25‌

3

Month

USD

LIBOR

Pay

1.69%

Quarterly

Semiannual

N/A

01/28/2030

600‌

60‌

—‌

60‌

3

Month

USD

LIBOR

Pay

1.66%

Quarterly

Semiannual

N/A

01/28/2030

300‌

29‌

—‌

29‌

3

Month

USD

LIBOR

Pay

1.66%

Quarterly

Semiannual

N/A

01/28/2030

300‌

29‌

—‌

29‌

3

Month

USD

LIBOR

Pay

1.58%

Quarterly

Semiannual

N/A

01/29/2030

600‌

54‌

—‌

54‌

3

Month

USD

LIBOR

Pay

1.58%

Quarterly

Semiannual

N/A

01/29/2030

40‌

4‌

—‌

4‌

3

Month

USD

LIBOR

Pay

1.57%

Quarterly

Semiannual

N/A

04/29/2030

660‌

58‌

—‌

58‌

3

Month

USD

LIBOR

Pay

1.58%

Quarterly

Semiannual

N/A

01/30/2030

650‌

59‌

—‌

59‌

3

Month

USD

LIBOR

Receive

2.40%

Semiannual

Quarterly

N/A

02/26/2022

42,310‌

(1,586‌)

1‌

(1,585‌)

3

Month

USD

LIBOR

Pay

1.61%

Quarterly

Semiannual

N/A

01/30/2030

300‌

28‌

—‌

28‌

3

Month

USD

LIBOR

Pay

1.81%

Quarterly

Semiannual

N/A

05/07/2050

470‌

112‌

—‌

112‌

3

Month

USD

LIBOR

Receive

1.63%

Semiannual

Quarterly

N/A

02/10/2030

600‌

(57‌)

—‌

(57‌)

3

Month

USD

LIBOR

Pay

1.83%

Quarterly

Semiannual

N/A

02/10/2050

240‌

58‌

—‌

58‌

3

Month

USD

LIBOR

Pay

1.58%

Quarterly

Semiannual

N/A

02/11/2030

300‌

27‌

—‌

27‌

3

Month

USD

LIBOR

Pay

1.54%

Quarterly

Semiannual

N/A

02/12/2030

310‌

27‌

—‌

27‌

3

Month

USD

LIBOR

Pay

1.43%

Quarterly

Semiannual

N/A

02/25/2030

600‌

46‌

—‌

46‌

3

Month

USD

LIBOR

Pay

1.32%

Quarterly

Semiannual

N/A

02/26/2030

600‌

40‌

—‌

40‌

3

Month

USD

LIBOR

Pay

1.61%

Quarterly

Semiannual

N/A

01/30/2030

600‌

55‌

1‌

56‌

3

Month

USD

LIBOR

Receive

0.66%

Semiannual

Quarterly

N/A

03/11/2030

310‌

(1‌)

—‌

(1‌)

3

Month

USD

LIBOR

Receive

0.55%

Semiannual

Quarterly

N/A

03/12/2021

11,570‌

(21‌)

—‌

(21‌)

3

Month

USD

LIBOR

Pay

0.85%

Quarterly

Semiannual

N/A

03/12/2040

1,190‌

(33‌)

—‌

(33‌)

3

Month

USD

LIBOR

Receive

0.77%

Semiannual

Quarterly

N/A

05/04/2032

1,790‌

10‌

—‌

10‌

3

Month

USD

LIBOR

Pay

0.30%

Quarterly

Semiannual

N/A

05/05/2023

1,810‌

3‌

—‌

3‌

3

Month

USD

LIBOR

Pay

0.61%

Quarterly

Semiannual

N/A

05/06/2030

420‌

(2‌)

—‌

(2‌)

3

Month

USD

LIBOR

Receive

0.77%

Semiannual

Quarterly

N/A

05/06/2032

1,490‌

8‌

—‌

8‌

3

Month

USD

LIBOR

Pay

0.79%

Quarterly

Semiannual

N/A

05/09/2032

1,250‌

(4‌)

—‌

(4‌)

3

Month

USD

LIBOR

Pay

0.29%

Quarterly

Semiannual

N/A

08/10/2022

3,740‌

4‌

—‌

4‌

3

Month

USD

LIBOR

Pay

0.85%

Quarterly

Semiannual

N/A

05/15/2050

310‌

(8‌)

—‌

(8‌)

3

Month

USD

LIBOR

Pay

0.59%

Quarterly

Semiannual

N/A

05/01/2030

440‌

(2‌)

—‌

(2‌)

3

Month

USD

LIBOR

Pay

2.10%

Quarterly

Semiannual

N/A

05/15/2021

4,560‌

79‌

—‌

79‌

3

Month

USD

LIBOR

Receive

0.81%

Semiannual

Quarterly

N/A

05/18/2050

200‌

7‌

—‌

7‌

3

Month

USD

LIBOR

Pay

0.92%

Quarterly

Semiannual

N/A

05/16/2035

580‌

(7‌)

—‌

(7‌)

3

Month

USD

LIBOR

Receive

0.23%

Semiannual

Quarterly

N/A

11/24/2022

5,020‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Pay

0.65%

Quarterly

Semiannual

N/A

02/15/2030

1,850‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Receive

0.92%

Semiannual

Quarterly

N/A

05/27/2050

240‌

1‌

—‌

1‌

3

Month

USD

LIBOR

Receive

0.92%

Semiannual

Quarterly

N/A

11/15/2045

2,560‌

13‌

(1‌)

12‌

3

Month

USD

LIBOR

Pay

0.26%

Quarterly

Semiannual

N/A

06/01/2022

550‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Pay

0.60%

Quarterly

Semiannual

N/A

05/18/2030

590‌

(3‌)

—‌

(3‌)

3

Month

USD

LIBOR

Pay

0.59%

Quarterly

Semiannual

N/A

05/01/2030

560‌

(3‌)

—‌

(3‌)

3

Month

USD

LIBOR

Receive

0.76%

Semiannual

Quarterly

N/A

05/03/2032

1,730‌

10‌

—‌

10‌

3

Month

USD

LIBOR

Pay

0.65%

Quarterly

Semiannual

N/A

04/30/2030

560‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Pay

1.10%

Quarterly

Semiannual

N/A

08/21/2050

400‌

18‌

—‌

18‌

3

Month

USD

LIBOR

Pay

0.71%

Quarterly

Semiannual

N/A

03/25/2030

360‌

2‌

—‌

2‌

3

Month

USD

LIBOR

Pay

0.43%

Quarterly

Semiannual

N/A

09/29/2022

1,270‌

5‌

—‌

5‌

3

Month

USD

LIBOR

Pay

0.37%

Quarterly

Semiannual

N/A

09/29/2022

1,940‌

5‌

—‌

5‌

3

Month

USD

LIBOR

Pay

0.36%

Quarterly

Semiannual

N/A

09/29/2022

1,380‌

3‌

—‌

3‌

3

Month

USD

LIBOR

Pay

0.34%

Quarterly

Semiannual

N/A

09/29/2022

3,310‌

7‌

—‌

7‌

3

Month

USD

LIBOR

Pay

0.62%

Quarterly

Semiannual

N/A

05/04/2030

700‌

(2‌)

—‌

(2‌)

3

Month

USD

LIBOR

Pay

0.35%

Quarterly

Semiannual

N/A

10/02/2022

2,760‌

7‌

—‌

7‌

3

Month

USD

LIBOR

Pay

0.64%

Quarterly

Semiannual

N/A

05/05/2030

440‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Pay

0.64%

Quarterly

Semiannual

N/A

04/07/2030

1,610‌

(2‌)

—‌

(2‌)

3

Month

USD

LIBOR

Receive

0.63%

Semiannual

Quarterly

N/A

04/14/2025

3,090‌

(38‌)

—‌

(38‌)

3

Month

USD

LIBOR

Pay

0.82%

Quarterly

Semiannual

N/A

04/14/2030

1,610‌

26‌

—‌

26‌

3

Month

USD

LIBOR

Receive

2.89%

Semiannual

Quarterly

N/A

04/16/2022

4,060‌

(198‌)

1‌

(197‌)

3

Month

USD

LIBOR

Receive

0.65%

Semiannual

Quarterly

N/A

04/20/2027

230‌

(1‌)

—‌

(1‌)

3

Month

USD

LIBOR

Receive

0.70%

Semiannual

Quarterly

N/A

07/22/2030

900‌

(4‌)

—‌

(4‌)

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(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

3

Month

USD

LIBOR

Pay

0.66%

Quarterly

Semiannual

N/A

04/29/2030

$

550‌

$

—‌

$

—‌

$

—‌

3

Month

USD

LIBOR

Pay

0.30%

Quarterly

Semiannual

N/A

07/30/2022

1,450‌

2‌

—‌

2‌

3

Month

USD

LIBOR

Pay

1.68%

Quarterly

Semiannual

N/A

01/27/2030

300‌

30‌

—‌

30‌

3

Month

USD

LIBOR

Pay

1.70%

Quarterly

Semiannual

N/A

01/27/2030

300‌

30‌

—‌

30‌

3

Month

USD

LIBOR

Pay

0.36%

Quarterly

Semiannual

N/A

06/02/2025

1,720‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Pay

1.77%

Quarterly

Semiannual

N/A

01/23/2030

300‌

32‌

—‌

32‌

3

Month

USD

LIBOR

Pay

1.53%

Quarterly

Semiannual

N/A

08/04/2021

3,850‌

49‌

—‌

49‌

3

Month

USD

LIBOR

Pay

3.09%

Quarterly

Semiannual

N/A

11/29/2024

6,660‌

828‌

—‌

828‌

3

Month

USD

LIBOR

Pay

1.93%

Quarterly

Semiannual

N/A

12/01/2056

50‌

12‌

—‌

12‌

3

Month

USD

LIBOR

Receive

2.11%

Semiannual

Quarterly

N/A

11/15/2044

800‌

(69‌)

—‌

(69‌)

3

Month

USD

LIBOR

Receive

2.11%

Semiannual

Quarterly

N/A

11/12/2034

660‌

(69‌)

—‌

(69‌)

3

Month

USD

LIBOR

Receive

2.00%

Semiannual

Quarterly

N/A

11/07/2034

570‌

(54‌)

—‌

(54‌)

3

Month

USD

LIBOR

Pay

3.21%

Quarterly

Semiannual

N/A

10/29/2024

4,985‌

631‌

1‌

632‌

3

Month

USD

LIBOR

Receive

1.71%

Semiannual

Quarterly

N/A

08/16/2049

240‌

(13‌)

—‌

(13‌)

3

Month

USD

LIBOR

Pay

1.71%

Quarterly

Semiannual

N/A

07/13/2022

19,600‌

295‌

—‌

295‌

3

Month

USD

LIBOR

Receive

1.67%

Semiannual

Quarterly

N/A

08/17/2049

180‌

(9‌)

—‌

(9‌)

3

Month

USD

LIBOR

Receive

2.10%

Semiannual

Quarterly

N/A

10/23/2039

310‌

(27‌)

—‌

(27‌)

3

Month

USD

LIBOR

Receive

1.98%

Semiannual

Quarterly

N/A

10/23/2034

240‌

(22‌)

—‌

(22‌)

3

Month

USD

LIBOR

Receive

1.98%

Semiannual

Quarterly

N/A

10/23/2034

240‌

(22‌)

—‌

(22‌)

3

Month

USD

LIBOR

Receive

1.93%

Semiannual

Quarterly

N/A

10/22/2034

540‌

(48‌)

—‌

(48‌)

3

Month

USD

LIBOR

Receive

1.91%

Semiannual

Quarterly

N/A

10/21/2034

480‌

(41‌)

—‌

(41‌)

3

Month

USD

LIBOR

Pay

1.53%

Quarterly

Semiannual

N/A

11/22/2020

4,970‌

29‌

—‌

29‌

3

Month

USD

LIBOR

Pay

1.17%

Quarterly

Semiannual

N/A

09/08/2021

2,650‌

24‌

—‌

24‌

3

Month

USD

LIBOR

Receive

1.65%

Semiannual

Quarterly

N/A

08/22/2034

535‌

(33‌)

—‌

(33‌)

3

Month

USD

LIBOR

Pay

1.75%

Quarterly

Semiannual

N/A

01/23/2030

485‌

51‌

—‌

51‌

3

Month

USD

LIBOR

Receive

1.77%

Semiannual

Quarterly

N/A

07/12/2023

19,920‌

(301‌)

1‌

(300‌)

3

Month

USD

LIBOR

Pay

2.60%

Quarterly

Semiannual

N/A

03/26/2029

1,360‌

239‌

—‌

239‌

3

Month

USD

LIBOR

Receive

1.87%

Semiannual

Quarterly

N/A

06/03/2022

12,690‌

(211‌)

—‌

(211‌)

3

Month

USD

LIBOR

Receive

2.53%

Semiannual

Quarterly

N/A

02/07/2023

390‌

(18‌)

—‌

(18‌)

3

Month

USD

LIBOR

Pay

2.10%

Quarterly

Semiannual

N/A

06/22/2031

210‌

28‌

—‌

28‌

3

Month

USD

LIBOR

Receive

2.37%

Semiannual

Quarterly

N/A

06/15/2050

780‌

(307‌)

1‌

(306‌)

3

Month

USD

LIBOR

Receive

1.77%

Semiannual

Quarterly

N/A

06/15/2021

18,270‌

(272‌)

—‌

(272‌)

3

Month

USD

LIBOR

Receive

2.57%

Semiannual

Quarterly

N/A

02/07/2025

5,220‌

(550‌)

5‌

(545‌)

3

Month

USD

LIBOR

Pay

2.01%

Quarterly

Semiannual

N/A

07/02/2021

1,970‌

35‌

—‌

35‌

3

Month

USD

LIBOR

Receive

1.76%

Semiannual

Quarterly

N/A

07/09/2030

615‌

(67‌)

—‌

(67‌)

3

Month

USD

LIBOR

Pay

1.74%

Quarterly

Semiannual

N/A

06/16/2022

3,870‌

116‌

—‌

116‌

3

Month

USD

LIBOR

Pay

2.53%

Semiannual

Semiannual

N/A

02/07/2022

55,240‌

2,092‌

(24‌)

2,068‌

3

Month

USD

LIBOR

Pay

1.73%

Quarterly

Semiannual

N/A

01/08/2030

660‌

68‌

—‌

68‌

3

Month

USD

LIBOR

Pay

1.80%

Quarterly

Semiannual

N/A

01/07/2030

660‌

73‌

—‌

73‌

3

Month

USD

LIBOR

Receive

2.33%

Semiannual

Quarterly

N/A

06/24/2034

150‌

(19‌)

—‌

(19‌)

3

Month

USD

LIBOR

Pay

1.78%

Quarterly

Semiannual

N/A

01/22/2030

300‌

33‌

—‌

33‌

3

Month

USD

LIBOR

Receive

2.38%

Semiannual

Quarterly

N/A

07/05/2049

300‌

(33‌)

—‌

(33‌)

3

Month

USD

LIBOR

Pay

2.45%

Quarterly

Semiannual

N/A

05/18/2031

460‌

78‌

—‌

78‌

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.18)%

Annual

Semiannual

N/A

03/24/2023

EUR

4,700‌

(18‌)

—‌

(18‌)

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.18)%

Annual

Semiannual

N/A

03/24/2023

4,695‌

(18‌)

—‌

(18‌)

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.17)%

Annual

Semiannual

N/A

03/24/2023

4,695‌

(19‌)

—‌

(19‌)

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.26)%

Annual

Semiannual

N/A

09/22/2022

2,360‌

(4‌)

—‌

(4‌)

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.30)%

Annual

Semiannual

N/A

03/23/2022

4,410‌

(2‌)

—‌

(2‌)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.38)%

Semiannual

Annual

N/A

05/04/2023

1,410‌

(1‌)

—‌

(1‌)

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.34)%

Annual

Semiannual

N/A

03/20/2022

1,220‌

—‌

—‌

—‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.25)%

Semiannual

Annual

N/A

06/24/2022

1,162‌

1‌

—‌

1‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.30)%

Semiannual

Annual

N/A

07/20/2022

2,200‌

—‌

—‌

—‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.28)%

Semiannual

Annual

N/A

06/26/2022

436‌

—‌

—‌

—‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.35)%

Semiannual

Annual

N/A

11/02/2022

1,420‌

—‌

—‌

—‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.29)%

Semiannual

Annual

N/A

06/25/2022

436‌

—‌

—‌

—‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.34)%

Semiannual

Annual

N/A

05/03/2023

1,410‌

—‌

—‌

—‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.30)%

Semiannual

Annual

N/A

07/20/2022

2,550‌

—‌

—‌

—‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.28)%

Semiannual

Annual

N/A

06/30/2022

436‌

—‌

—‌

—‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.45)%

Semiannual

Annual

N/A

08/11/2023

830‌

(2‌)

—‌

(2‌)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.32)%

Semiannual

Annual

N/A

09/29/2022

1,080‌

—‌

—‌

—‌

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.35)%

Annual

Semiannual

N/A

03/20/2022

1,210‌

1‌

—‌

1‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.31)%

Semiannual

Annual

N/A

04/29/2023

2,970‌

3‌

—‌

3‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.33)%

Semiannual

Annual

N/A

10/02/2022

1,980‌

—‌

—‌

—‌

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.30)%

Annual

Semiannual

N/A

07/25/2023

5,450‌

(6‌)

1‌

(5‌)

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.29)%

Annual

Semiannual

N/A

07/26/2023

7,870‌

(10‌)

—‌

(10‌)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.30)%

Semiannual

Annual

N/A

07/16/2022

1,830‌

1‌

—‌

1‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.58)%

Semiannual

Annual

N/A

08/17/2023

700‌

(4‌)

—‌

(4‌)

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

62

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

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.34)%

Semiannual

Annual

N/A

10/02/2022

EUR

2,120‌

$

(1‌)

$

—‌

$

(1‌)

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.38)%

Annual

Semiannual

N/A

06/19/2022

1,720‌

3‌

—‌

3‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.37)%

Semiannual

Annual

N/A

05/06/2023

470‌

—‌

—‌

—‌

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.45)%

Annual

Semiannual

N/A

12/16/2021

2,045‌

6‌

—‌

6‌

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.18)%

Annual

Semiannual

N/A

03/18/2025

120‌

(1‌)

—‌

(1‌)

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.17)%

Annual

Semiannual

N/A

12/13/2023

2,370‌

(9‌)

—‌

(9‌)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.33)%

Semiannual

Annual

N/A

02/12/2023

1,390‌

1‌

—‌

1‌

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.17)%

Annual

Semiannual

N/A

11/11/2024

460‌

(3‌)

—‌

(3‌)

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.06)%

Annual

Semiannual

N/A

01/03/2024

1,335‌

(8‌)

—‌

(8‌)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.41)%

Semiannual

Annual

N/A

03/02/2023

2,340‌

(3‌)

—‌

(3‌)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.30)%

Semiannual

Annual

N/A

01/16/2022

4,940‌

—‌

—‌

—‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.47)%

Semiannual

Annual

N/A

03/04/2023

1,290‌

(4‌)

—‌

(4‌)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.48)%

Semiannual

Annual

N/A

03/05/2022

2,560‌

(7‌)

—‌

(7‌)

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.05)%

Annual

Semiannual

N/A

01/03/2024

1,335‌

(9‌)

—‌

(9‌)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.44)%

Semiannual

Annual

N/A

10/06/2023

540‌

(1‌)

—‌

(1‌)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.45)%

Semiannual

Annual

N/A

09/28/2023

430‌

(1‌)

—‌

(1‌)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.43)%

Semiannual

Annual

N/A

09/14/2023

530‌

(1‌)

—‌

(1‌)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.49)%

Semiannual

Annual

N/A

03/09/2022

1,730‌

(5‌)

—‌

(5‌)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.50)%

Semiannual

Annual

N/A

09/14/2023

1,800‌

(6‌)

—‌

(6‌)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.48)%

Semiannual

Annual

N/A

03/06/2022

950‌

(3‌)

—‌

(3‌)

6

Month

Euro

Interbank

Offered

Rate

Receive

0.19%

Annual

Semiannual

N/A

01/16/2030

1,020‌

(37‌)

—‌

(37‌)

6

Month

JPY

LIBOR

Receive

0.72%

Semiannual

Semiannual

N/A

03/21/2044

JPY

8,220‌

(6‌)

—‌

(6‌)

6

Month

JPY

LIBOR

Receive

0.34%

Semiannual

Semiannual

N/A

02/08/2034

8,650‌

(2‌)

—‌

(2‌)

6

Month

JPY

LIBOR

Receive

0.30%

Semiannual

Semiannual

N/A

06/17/2039

11,470‌

(2‌)

—‌

(2‌)

6

Month

JPY

LIBOR

Receive

0.17%

Semiannual

Semiannual

N/A

08/08/2039

8,330‌

1‌

—‌

1‌

6

Month

JPY

LIBOR

Receive

0.20%

Semiannual

Semiannual

N/A

08/28/2044

1,270‌

—‌

—‌

—‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.29%

Annual

Annual

N/A

05/05/2030

$

5,115‌

22‌

—‌

22‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.33%

Annual

Annual

N/A

05/04/2030

5,730‌

(5‌)

—‌

(5‌)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.82%

Annual

Annual

N/A

02/03/2030

5,375‌

(300‌)

—‌

(300‌)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.00%

Annual

Annual

N/A

04/27/2025

4,895‌

32‌

—‌

32‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

1.34%

Annual

Annual

N/A

04/29/2030

4,855‌

11‌

—‌

11‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

0.79%

Annual

Annual

N/A

04/29/2025

4,855‌

26‌

—‌

26‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.84%

Annual

Annual

N/A

01/31/2030

4,620‌

(267‌)

—‌

(267‌)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

2.25%

Annual

Annual

N/A

10/30/2028

2,195‌

(230‌)

—‌

(230‌)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

1.45%

Annual

Annual

N/A

04/16/2030

4,900‌

73‌

—‌

73‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.36%

Annual

Annual

N/A

05/29/2030

4,820‌

7‌

—‌

7‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

0.97%

Annual

Annual

N/A

05/29/2025

4,820‌

(9‌)

—‌

(9‌)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

1.30%

Annual

Annual

N/A

04/27/2030

4,895‌

(9‌)

—‌

(9‌)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

0.96%

Annual

Annual

N/A

04/16/2025

4,900‌

(18‌)

—‌

(18‌)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

1.94%

Annual

Annual

N/A

02/10/2050

1,715‌

229‌

—‌

229‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

1.86%

Annual

Annual

N/A

11/25/2029

2,720‌

155‌

—‌

155‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.24%

Annual

Annual

N/A

03/13/2030

5,270‌

44‌

1‌

45‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.85%

Annual

Annual

N/A

05/10/2021

17,627‌

(357‌)

(8‌)

(365‌)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.25%

Annual

Annual

N/A

03/11/2030

2,675‌

18‌

—‌

18‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

0.97%

Annual

Annual

N/A

03/25/2030

1,285‌

(47‌)

—‌

(47‌)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

1.06%

Annual

Annual

N/A

03/26/2030

1,280‌

(35‌)

—‌

(35‌)

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

63

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

Receive

1.92%

Annual

Annual

N/A

05/08/2021

$

13,823‌

$

(301‌)

$

—‌

$

(301‌)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

1.34%

Annual

Annual

N/A

03/30/2030

2,615‌

10‌

—‌

10‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.71%

Annual

Annual

N/A

08/12/2024

5,460‌

(207‌)

—‌

(207‌)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.79%

Annual

Annual

N/A

08/22/2049

760‌

(50‌)

—‌

(50‌)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.29%

Annual

Annual

N/A

05/15/2030

4,840‌

30‌

—‌

30‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.96%

Annual

Annual

N/A

12/12/2049

1,540‌

(213‌)

—‌

(213‌)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.90%

Annual

Annual

N/A

02/12/2024

3,930‌

(175‌)

—‌

(175‌)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

1.75%

Annual

Annual

N/A

08/22/2029

2,390‌

110‌

—‌

110‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.95%

Annual

Annual

N/A

11/25/2049

870‌

(115‌)

—‌

(115‌)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.85%

Annual

Annual

N/A

02/10/2030

5,405‌

(320‌)

—‌

(320‌)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

0.83%

Annual

Annual

N/A

05/15/2025

4,840‌

(30‌)

—‌

(30‌)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.85%

Annual

Annual

N/A

08/01/2024

5,860‌

(271‌)

—‌

(271‌)

Eurozone

Harmonised

Index

of

Consumer

Prices

ex-Tobacco

Receive

0.40%

Annual

Annual

N/A

03/15/2030

EUR

1,220‌

42‌

—‌

42‌

Eurozone

Harmonised

Index

of

Consumer

Prices

ex-Tobacco

Receive

0.64%

Annual

Annual

N/A

04/15/2030

4,500‌

25‌

(1‌)

24‌

Eurozone

Harmonised

Index

of

Consumer

Prices

ex-Tobacco

Pay

0.36%

Annual

Annual

N/A

04/15/2025

4,500‌

(12‌)

1‌

(11‌)

Eurozone

Harmonised

Index

of

Consumer

Prices

ex-Tobacco

Pay

0.39%

Annual

Annual

N/A

04/15/2025

4,510‌

(3‌)

—‌

(3‌)

Eurozone

Harmonised

Index

of

Consumer

Prices

ex-Tobacco

Receive

0.62%

Annual

Annual

N/A

04/15/2030

4,640‌

39‌

—‌

39‌

Eurozone

Harmonised

Index

of

Consumer

Prices

ex-Tobacco

Pay

0.32%

Annual

Annual

N/A

04/15/2025

4,640‌

(22‌)

1‌

(21‌)

Eurozone

Harmonised

Index

of

Consumer

Prices

ex-Tobacco

Receive

0.61%

Annual

Annual

N/A

05/15/2030

2,360‌

29‌

—‌

29‌

Eurozone

Harmonised

Index

of

Consumer

Prices

ex-Tobacco

Receive

0.71%

Annual

Annual

N/A

04/15/2030

4,510‌

(9‌)

(1‌)

(10‌)

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Receive

0.39%

Annual

Annual

N/A

05/15/2025

4,345‌

13‌

—‌

13‌

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Pay

0.66%

Annual

Annual

N/A

05/15/2030

4,345‌

(28‌)

—‌

(28‌)

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Receive

1.29%

Annual

Annual

N/A

03/15/2029

4,285‌

(319‌)

3‌

(316‌)

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Receive

0.34%

Annual

Annual

N/A

05/15/2025

4,425‌

25‌

—‌

25‌

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Pay

0.60%

Annual

Annual

N/A

05/15/2030

4,425‌

(59‌)

—‌

(59‌)

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Receive

0.41%

Annual

Annual

N/A

03/15/2030

1,185‌

39‌

1‌

40‌

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Receive

1.13%

Annual

Annual

N/A

02/15/2030

605‌

(33‌)

—‌

(33‌)

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Receive

1.15%

Annual

Annual

N/A

02/15/2030

2,695‌

(153‌)

1‌

(152‌)

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Pay

1.13%

Annual

Annual

N/A

01/15/2030

4,525‌

250‌

(1‌)

249‌

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Receive

0.57%

Annual

Annual

N/A

03/15/2030

2,430‌

35‌

—‌

35‌

United

Kingdom

Retail

Prices

Index

Pay

3.29%

Annual

Annual

N/A

03/15/2030

GBP

3,310‌

(31‌)

(3‌)

(34‌)

United

Kingdom

Retail

Prices

Index

Pay

3.51%

Annual

Annual

N/A

10/15/2028

3,095‌

194‌

(19‌)

175‌

United

Kingdom

Retail

Prices

Index

Receive

3.13%

Annual

Annual

N/A

01/15/2050

1,300‌

(235‌)

22‌

(213‌)

United

Kingdom

Retail

Prices

Index

Pay

3.24%

Annual

Annual

N/A

01/15/2045

1,300‌

160‌

(16‌)

144‌

United

Kingdom

Retail

Prices

Index

Pay

3.34%

Annual

Annual

N/A

01/15/2040

1,700‌

136‌

(16‌)

120‌

United

Kingdom

Retail

Prices

Index

Receive

3.39%

Annual

Annual

N/A

01/15/2035

1,700‌

(75‌)

11‌

(64‌)

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

64

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

United

Kingdom

Retail

Prices

Index

Receive

3.46%

Annual

Annual

N/A

12/15/2029

GBP

1,660‌

$

(41‌)

$

5‌

$

(36‌)

United

Kingdom

Retail

Prices

Index

Pay

3.61%

Annual

Annual

N/A

01/15/2029

1,145‌

84‌

(7‌)

77‌

United

Kingdom

Retail

Prices

Index

Receive

3.36%

Annual

Annual

N/A

01/15/2035

1,700‌

(59‌)

9‌

(50‌)

United

Kingdom

Retail

Prices

Index

Pay

3.22%

Annual

Annual

N/A

01/15/2045

1,300‌

144‌

(15‌)

129‌

United

Kingdom

Retail

Prices

Index

Receive

3.11%

Annual

Annual

N/A

01/15/2050

1,300‌

(210‌)

21‌

(189‌)

United

Kingdom

Retail

Prices

Index

Pay

3.49%

Annual

Annual

N/A

03/15/2029

3,035‌

127‌

(14‌)

113‌

United

Kingdom

Retail

Prices

Index

Pay

3.45%

Annual

Annual

N/A

02/15/2030

530‌

9‌

(2‌)

7‌

United

Kingdom

Retail

Prices

Index

Pay

3.27%

Annual

Annual

N/A

10/15/2044

2,725‌

423‌

(34‌)

389‌

United

Kingdom

Retail

Prices

Index

Receive

3.16%

Annual

Annual

N/A

10/15/2049

2,725‌

(565‌)

23‌

(542‌)

United

Kingdom

Retail

Prices

Index

Pay

3.36%

Annual

Annual

N/A

10/15/2039

3,555‌

372‌

(46‌)

326‌

United

Kingdom

Retail

Prices

Index

Receive

3.42%

Annual

Annual

N/A

10/15/2034

3,555‌

(243‌)

38‌

(205‌)

United

Kingdom

Retail

Prices

Index

Pay

3.31%

Annual

Annual

N/A

01/15/2040

1,700‌

111‌

(14‌)

97‌

United

Kingdom

Retail

Prices

Index

Pay

3.40%

Annual

Annual

N/A

08/15/2028

5,285‌

208‌

(27‌)

181‌

Total

$

(797‌)

$

(108‌)

$

(905‌)

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

Bloomberg

Commodity

Index

Total

Return

(a)

442,842

Receive

UST

13

Week

Bill

High

Discount

Rate

+

0.11%

Monthly

06/25/2020

$

59,849‌

$

—‌

$

175‌

$

—‌

Bank

of

America

NA

BofA

Merrill

Lynch

Commodity

MLBXCS3T

Total

Return

Strategy

(a)

130,218

Receive

0.20%

Annual

06/08/2020

11,066‌

—‌

—‌

—‌

M3

Capital

Partners

Bloomberg

Commodity

Index

Total

Return

(a)

538,621

Receive

UST

13

Week

Bill

High

Discount

Rate

+

0.09%

Monthly

06/25/2020

72,794‌

—‌

212‌

—‌

M3

Capital

Partners

Macquarie

Commodity

Product

251E

(a)

105,863

Receive

0.33%

Annual

06/08/2020

8,241‌

—‌

—‌

—‌

Societe

Generale

Bloomberg

Commodity

Index

Total

Return

(a)

146,250

Receive

UST

13

Week

Bill

High

Discount

Rate

+

0.11%

Monthly

06/25/2020

19,765‌

—‌

58‌

—‌

Societe

Generale

Societe

Generale

Commodities

Custom

Alpha

(a)

144,346

Receive

0.35%

Annual

06/08/2020

10,591‌

—‌

—‌

—‌

Total

$

—‌

$

445‌

$

—‌

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

May

31,

2020

(unaudited)

See

accompanying

notes.

65

INVESTMENT

COMPANIES

-

2.62%

Shares

Held

Value

(000's)

Money

Market

Funds

-

2.62%

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c)

18,047,736‌

$

18,048‌

TOTAL

INVESTMENT

COMPANIES

$

18,048‌

COMMON

STOCKS

-

95.71%

Shares

Held

Value

(000's)

Advertising

-

1.96%

Interpublic

Group

of

Cos

Inc

/The

787,083‌

13,467‌

Airlines

-

0.95%

Alaska

Air

Group

Inc

190,579‌

6,516‌

Automobile

Parts

&

Equipment

-

1.09%

Autoliv

Inc

118,084‌

7,508‌

Banks

-

2.68%

Bank

OZK

270,543‌

6,085‌

Cullen/Frost

Bankers

Inc

162,725‌

12,362‌

$

18,447‌

Chemicals

-

2.60%

FMC

Corp

181,930‌

17,904‌

Commercial

Services

-

3.09%

Aaron's

Inc

317,012‌

11,701‌

Morningstar

Inc

62,259‌

9,546‌

$

21,247‌

Consumer

Products

-

2.35%

Avery

Dennison

Corp

146,410‌

16,203‌

Electric

-

6.37%

Alliant

Energy

Corp

409,586‌

20,217‌

Eversource

Energy

265,624‌

22,233‌

WEC

Energy

Group

Inc

15,390‌

1,412‌

$

43,862‌

Electrical

Components

&

Equipment

-

5.38%

Energizer

Holdings

Inc

433,602‌

19,026‌

Littelfuse

Inc

111,094‌

18,052‌

$

37,078‌

Electronics

-

1.65%

Arrow

Electronics

Inc

(b)

164,472‌

11,362‌

Environmental

Control

-

2.08%

Waste

Connections

Inc

152,175‌

14,311‌

Hand

&

Machine

Tools

-

4.39%

Lincoln

Electric

Holdings

Inc

233,428‌

19,180‌

Snap-on

Inc

85,057‌

11,031‌

$

30,211‌

Healthcare

-

Products

-

6.78%

Teleflex

Inc

69,042‌

25,052‌

Varian

Medical

Systems

Inc

(b)

178,629‌

21,684‌

$

46,736‌

Healthcare

-

Services

-

2.74%

Universal

Health

Services

Inc

178,904‌

18,865‌

Insurance

-

4.61%

Fidelity

National

Financial

Inc

517,747‌

16,516‌

Markel

Corp

(b)

16,951‌

15,212‌

$

31,728‌

Internet

-

1.73%

Rightmove

PLC

1,636,730‌

11,925‌

Leisure

Products

&

Services

-

2.40%

YETI

Holdings

Inc

(b)

514,625‌

16,519‌

Machinery

-

Diversified

-

2.07%

Nordson

Corp

75,744‌

14,266‌

Oil

&

Gas

-

2.69%

Cimarex

Energy

Co

278,145‌

7,310‌

Helmerich

&

Payne

Inc

185,458‌

3,733‌

HollyFrontier

Corp

237,047‌

7,455‌

$

18,498‌

REITs

-

8.19%

Alexandria

Real

Estate

Equities

Inc

131,957‌

20,284‌

CyrusOne

Inc

356,170‌

26,478‌

STORE

Capital

Corp

499,673‌

9,664‌

$

56,426‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Retail

-

3.61%

Chipotle

Mexican

Grill

Inc

(b)

24,794‌

$

24,891‌

Savings

&

Loans

-

2.55%

Washington

Federal

Inc

678,199‌

17,538‌

Semiconductors

-

5.79%

Microchip

Technology

Inc

237,630‌

22,817‌

Teradyne

Inc

254,446‌

17,053‌

$

39,870‌

Software

-

11.02%

Black

Knight

Inc

(b)

403,993‌

31,099‌

Fair

Isaac

Corp

(b)

78,489‌

31,604‌

Tyler

Technologies

Inc

(b)

35,216‌

13,217‌

$

75,920‌

Toys,

Games

&

Hobbies

-

2.53%

Hasbro

Inc

236,658‌

17,397‌

Transportation

-

4.41%

Expeditors

International

of

Washington

Inc

311,547‌

23,792‌

Kirby

Corp

(b)

129,092‌

6,620‌

$

30,412‌

TOTAL

COMMON

STOCKS

$

659,107‌

Total

Investments

$

677,155‌

Other

Assets

and

Liabilities

-  1.67%

11,525‌

TOTAL

NET

ASSETS

-

100.00%

$

688,680‌

(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)

Non-income

producing

security

(c)

Current

yield

shown

is

as

of

period

end.

Portfolio

Summary  (unaudited)

Sector

Percent

Industrial

19.98‌%

Financial

18.03‌%

Technology

16.81‌%

Consumer,

Non-cyclical

14.96‌%

Consumer,

Cyclical

10.58‌%

Utilities

6.37‌%

Communications

3.69‌%

Energy

2.69‌%

Money

Market

Funds

2.62‌%

Basic

Materials

2.60‌%

Other

Assets

and

Liabilities

1.67‌%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

Edge

MidCap

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

66

Affiliated

Securities

August

31,

2019

Purchases

Sales

May

31,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

19,943‌

$

147,555‌

$

149,450‌

$

18,048‌

$

19,943‌

$

147,555‌

$

149,450‌

$

18,048‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

156‌

$

—‌

$

—‌

$

—‌

$

156‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

67

INVESTMENT

COMPANIES

-

12.99%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0.12%

iShares

Russell

1000

Growth

ETF

2,796‌

$

516‌

iShares

Russell

2000

Value

ETF

663‌

63‌

SPDR

Gold

Shares

ETP

1,063‌

173‌

VanEck

Vectors

Gold

Miners

ETF

3,272‌

112‌

VanEck

Vectors

Junior

Gold

Miners

ETF

1,841‌

85‌

$

949‌

Money

Market

Funds

-

12.87%

First

American

Government

Obligations

Fund

-

Institutional

Class

0.04%

(a)

2,229,740‌

2,230‌

Morgan

Stanley

Institutional

Liquidity

Funds

-

Government

Portfolio

–

Institutional

Class

0.06%

(a),(b)

4,681,088‌

4,681‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(c),(d)

94,305,279‌

94,305‌

$

101,216‌

TOTAL

INVESTMENT

COMPANIES

$

102,165‌

COMMON

STOCKS

-

41.20%

Shares

Held

Value

(000's)

Advertising

-

0.07%

Clear

Channel

Outdoor

Holdings

Inc

(d)

70,160‌

67‌

Interpublic

Group

of

Cos

Inc/The

(e)

9,504‌

163‌

Omnicom

Group

Inc

(e)

3,083‌

169‌

WPP

PLC

20,117‌

153‌

$

552‌

Aerospace

&

Defense

-

0.60%

General

Dynamics

Corp

(e)

3,530‌

518‌

HEICO

Corp

-

Class

A

(e)

1,428‌

120‌

Howmet

Aerospace

Inc

(e)

46,429‌

607‌

Lockheed

Martin

Corp

(e)

3,162‌

1,228‌

Moog

Inc

1,073‌

58‌

Northrop

Grumman

Corp

894‌

300‌

Raytheon

Technologies

Corp

(e)

9,369‌

605‌

Thales

SA

2,328‌

178‌

TransDigm

Group

Inc

(e)

2,312‌

982‌

Triumph

Group

Inc

1,743‌

13‌

Ultra

Electronics

Holdings

PLC

5,460‌

134‌

$

4,743‌

Agriculture

-

0.25%

Altria

Group

Inc

(e)

10,318‌

403‌

Archer-Daniels-Midland

Co

(e)

6,247‌

246‌

Philip

Morris

International

Inc

(e)

10,129‌

743‌

Swedish

Match

AB

7,788‌

543‌

$

1,935‌

Airlines

-

0.11%

Alaska

Air

Group

Inc

(e)

1,075‌

37‌

American

Airlines

Group

Inc

661‌

7‌

Southwest

Airlines

Co

(e)

26,134‌

839‌

$

883‌

Apparel

-

0.55%

Adidas

AG

(d)

3,722‌

987‌

Carter's

Inc

3,029‌

260‌

Hanesbrands

Inc

(e)

6,570‌

65‌

Kontoor

Brands

Inc

3,961‌

58‌

LVMH

Moet

Hennessy

Louis

Vuitton

SE

1,748‌

734‌

NIKE

Inc

(e)

8,696‌

857‌

PVH

Corp

(e)

10,676‌

485‌

Ralph

Lauren

Corp

(e)

1,360‌

103‌

Steven

Madden

Ltd

7,884‌

185‌

Tapestry

Inc

(e)

7,831‌

106‌

VF

Corp

(e)

7,243‌

407‌

Wolverine

World

Wide

Inc

4,309‌

90‌

$

4,337‌

Automobile

Manufacturers

-

0.32%

Bayerische

Motoren

Werke

AG

4,038‌

237‌

Cummins

Inc

(e)

2,783‌

472‌

Ferrari

NV

4,968‌

845‌

Fiat

Chrysler

Automobiles

NV

(d)

1,418‌

13‌

Ford

Motor

Co

(e)

30,159‌

172‌

General

Motors

Co

4,607‌

119‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Automobile

Manufacturers

(continued)

PACCAR

Inc

4,427‌

$

327‌

REV

Group

Inc

10,687‌

65‌

Tesla

Inc

(d),(e)

271‌

226‌

Volvo

AB

-

B

Shares

5,447‌

78‌

$

2,554‌

Automobile

Parts

&

Equipment

-

0.13%

BorgWarner

Inc

(e)

7,536‌

242‌

Cooper

Tire

&

Rubber

Co

2,902‌

75‌

Faurecia

SE

(d)

2,259‌

88‌

Koito

Manufacturing

Co

Ltd

3,100‌

132‌

Rheinmetall

AG

2,384‌

194‌

Valeo

SA

13,325‌

329‌

$

1,060‌

Banks

-

1.46%

Allegiance

Bancshares

Inc

2,302‌

59‌

Ameris

Bancorp

2,362‌

57‌

Aozora

Bank

Ltd

13,600‌

253‌

Atlantic

Union

Bankshares

Corp

1,805‌

42‌

Banca

Generali

SpA

4,761‌

130‌

Bank

of

America

Corp

(e)

14,784‌

357‌

Bank

OZK

5,963‌

134‌

Cadence

BanCorp

9,121‌

74‌

Citizens

Financial

Group

Inc

(e)

5,694‌

137‌

Concordia

Financial

Group

Ltd

75,300‌

247‌

DBS

Group

Holdings

Ltd

6,500‌

90‌

DNB

ASA

(d)

14,997‌

205‌

East

West

Bancorp

Inc

(e)

11,118‌

389‌

Fifth

Third

Bancorp

(e)

19,242‌

373‌

FinecoBank

Banca

Fineco

SpA

(d)

7,377‌

86‌

First

Citizens

BancShares

Inc/NC

218‌

84‌

First

Hawaiian

Inc

3,826‌

66‌

First

Interstate

BancSystem

Inc

2,259‌

71‌

First

Midwest

Bancorp

Inc/IL

4,849‌

63‌

First

Republic

Bank/CA

1,920‌

208‌

FNB

Corp/PA

9,187‌

68‌

Fukuoka

Financial

Group

Inc

18,300‌

298‌

Goldman

Sachs

Group

Inc/The

(e)

2,417‌

475‌

Great

Western

Bancorp

Inc

4,929‌

70‌

Heritage

Commerce

Corp

8,296‌

67‌

Hilltop

Holdings

Inc

3,871‌

72‌

Home

BancShares

Inc/AR

5,453‌

79‌

ING

Groep

NV

57,446‌

374‌

Intesa

Sanpaolo

SpA

(d)

47,218‌

82‌

JPMorgan

Chase

&

Co

(e)

4,350‌

423‌

KBC

Group

NV

3,829‌

201‌

M&T

Bank

Corp

6,553‌

692‌

Macquarie

Group

Ltd

2,228‌

164‌

Morgan

Stanley

(e)

6,773‌

299‌

Natixis

SA

(d)

47,080‌

106‌

Opus

Bank

3,611‌

70‌

PNC

Financial

Services

Group

Inc/The

(e)

4,470‌

509‌

Raiffeisen

Bank

International

AG

11,473‌

210‌

Regions

Financial

Corp

(e)

5,784‌

65‌

Shinsei

Bank

Ltd

17,800‌

228‌

Standard

Chartered

PLC

25,540‌

117‌

Sumitomo

Mitsui

Financial

Group

Inc

9,500‌

276‌

Sumitomo

Mitsui

Trust

Holdings

Inc

16,900‌

500‌

SVB

Financial

Group

(d),(e)

2,047‌

440‌

Truist

Financial

Corp

(e)

8,189‌

301‌

UBS

Group

AG

(d)

21,132‌

226‌

Umpqua

Holdings

Corp

5,597‌

64‌

United

Community

Banks

Inc/GA

3,496‌

68‌

US

Bancorp

(e)

26,319‌

936‌

Veritex

Holdings

Inc

3,601‌

63‌

Wells

Fargo

&

Co

(e)

12,749‌

337‌

Western

Alliance

Bancorp

5,134‌

196‌

Zions

Bancorp

NA

7,886‌

259‌

$

11,460‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

68

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Beverages

-

0.64%

Asahi

Group

Holdings

Ltd

2,600‌

$

98‌

Boston

Beer

Co

Inc/The

(d)

227‌

128‌

Carlsberg

A/S

3,266‌

423‌

Coca-Cola

Co/The

(e)

25,865‌

1,208‌

Coca-Cola

HBC

AG

7,156‌

181‌

Constellation

Brands

Inc

(e)

2,663‌

460‌

Diageo

PLC

11,728‌

409‌

Keurig

Dr

Pepper

Inc

5,740‌

160‌

Molson

Coors

Beverage

Co

412‌

16‌

Monster

Beverage

Corp

(d),(e)

15,273‌

1,099‌

PepsiCo

Inc

(e)

6,753‌

888‌

$

5,070‌

Biotechnology

-

0.48%

Abcam

PLC

6,927‌

129‌

Alexion

Pharmaceuticals

Inc

(d),(e)

1,847‌

221‌

Amgen

Inc

80‌

18‌

Apellis

Pharmaceuticals

Inc

(d)

2,715‌

91‌

Arena

Pharmaceuticals

Inc

(d)

1,235‌

74‌

Ascendis

Pharma

A/S

ADR

(d)

334‌

49‌

Biogen

Inc

(d),(e)

4,537‌

1,393‌

ChemoCentryx

Inc

(d)

1,050‌

65‌

Constellation

Pharmaceuticals

Inc

(d)

1,682‌

60‌

Corteva

Inc

(e)

11,609‌

317‌

Emergent

BioSolutions

Inc

(d)

1,411‌

118‌

Exact

Sciences

Corp

(d)

2,116‌

182‌

Genmab

A/S

(d)

625‌

193‌

Illumina

Inc

(d)

229‌

83‌

Incyte

Corp

(d),(e)

939‌

96‌

Ionis

Pharmaceuticals

Inc

(d),(e)

2,545‌

143‌

Livongo

Health

Inc

(d)

2,467‌

148‌

Regeneron

Pharmaceuticals

Inc

(d)

361‌

222‌

Sage

Therapeutics

Inc

(d)

900‌

32‌

Y-mAbs

Therapeutics

Inc

(d)

4,048‌

155‌

$

3,789‌

Building

Materials

-

0.50%

American

Woodmark

Corp

(d)

1,388‌

87‌

Boise

Cascade

Co

3,457‌

118‌

Carrier

Global

Corp

(e)

11,493‌

235‌

Cemex

SAB

de

CV

ADR

88,953‌

213‌

Cie

de

Saint-Gobain

8,701‌

285‌

CRH

PLC

5,804‌

187‌

CRH

PLC

1,911‌

62‌

Daikin

Industries

Ltd

2,200‌

324‌

Fortune

Brands

Home

&

Security

Inc

(e)

4,598‌

280‌

JELD-WEN

Holding

Inc

(d)

6,400‌

87‌

Johnson

Controls

International

plc

(e)

9,340‌

294‌

Lennox

International

Inc

1,799‌

385‌

LIXIL

Group

Corp

13,900‌

194‌

Marshalls

PLC

10,666‌

86‌

Martin

Marietta

Materials

Inc

(e)

1,453‌

279‌

Masco

Corp

(e)

10,580‌

494‌

ROCKWOOL

International

A/S

598‌

168‌

Sanwa

Holdings

Corp

7,300‌

63‌

Wienerberger

AG

6,360‌

127‌

$

3,968‌

Chemicals

-

1.28%

Akzo

Nobel

NV

1,685‌

138‌

Asahi

Kasei

Corp

13,800‌

110‌

Borregaard

ASA

6,024‌

66‌

Brenntag

AG

3,532‌

188‌

Celanese

Corp

(e)

5,064‌

455‌

CF

Industries

Holdings

Inc

(e)

21,881‌

642‌

Dow

Inc

10,891‌

420‌

DuPont

de

Nemours

Inc

(e)

21,084‌

1,070‌

Eastman

Chemical

Co

1,984‌

135‌

Ecolab

Inc

1,181‌

251‌

EMS-Chemie

Holding

AG

1,521‌

1,130‌

FMC

Corp

(e)

3,025‌

298‌

Hexion

Holdings

Corp

(d)

22,049‌

133‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Chemicals

(continued)

IMCD

NV

1,533‌

$

145‌

Ingevity

Corp

(d)

781‌

41‌

Linde

PLC

(e)

5,193‌

1,051‌

LyondellBasell

Industries

NV

(e)

4,520‌

288‌

Mosaic

Co/The

6,625‌

80‌

Nissan

Chemical

Corp

12,400‌

550‌

Nitto

Denko

Corp

6,600‌

358‌

Nutrien

Ltd

992‌

34‌

PPG

Industries

Inc

(e)

6,908‌

702‌

Sherwin-Williams

Co/The

(e)

1,291‌

767‌

Shin-Etsu

Chemical

Co

Ltd

6,000‌

703‌

Showa

Denko

KK

4,900‌

118‌

Toray

Industries

Inc

32,700‌

159‌

$

10,032‌

Commercial

Services

-

1.56%

2U

Inc

(d)

2,333‌

85‌

Adtalem

Global

Education

Inc

(d)

2,315‌

77‌

AMERCO

760‌

245‌

Aramark

4,760‌

123‌

Automatic

Data

Processing

Inc

(e)

3,810‌

558‌

Avalara

Inc

(d)

646‌

69‌

Babcock

International

Group

PLC

30,071‌

143‌

Badger

Daylighting

Ltd

4,852‌

101‌

BrightView

Holdings

Inc

(d)

4,771‌

65‌

Bureau

Veritas

SA

43,489‌

890‌

Carriage

Services

Inc

4,318‌

81‌

Chegg

Inc

(d)

2,290‌

140‌

Cintas

Corp

(e)

5,197‌

1,289‌

CoStar

Group

Inc

(d)

344‌

226‌

Deluxe

Corp

2,128‌

50‌

Edenred

3,163‌

132‌

Elis

SA

(d)

2,625‌

33‌

Escrow

Altegrity

Inc

NPV

(d),(f),(g)

20,714‌

447‌

EVERTEC

Inc

2,782‌

81‌

FleetCor

Technologies

Inc

(d)

868‌

212‌

Gartner

Inc

(d)

1,961‌

239‌

Global

Payments

Inc

365‌

66‌

H&R

Block

Inc

300‌

5‌

Hypoport

SE

(d)

301‌

134‌

ICF

International

Inc

1,707‌

112‌

IHS

Markit

Ltd

2,148‌

149‌

ISS

A/S

(d)

14,268‌

238‌

Kforce

Inc

2,243‌

68‌

LiveRamp

Holdings

Inc

(d)

3,323‌

168‌

Loomis

AB

(d)

5,535‌

140‌

Medifast

Inc

685‌

70‌

Moody's

Corp

(e)

2,805‌

750‌

Nielsen

Holdings

PLC

(e)

14,548‌

202‌

Paylocity

Holding

Corp

(d)

599‌

78‌

PayPal

Holdings

Inc

(d)

6,496‌

1,006‌

Persol

Holdings

Co

Ltd

34,000‌

449‌

Quanta

Services

Inc

(e)

18,356‌

678‌

Robert

Half

International

Inc

(e)

8,728‌

443‌

S&P

Global

Inc

(e)

3,116‌

1,013‌

Square

Inc

(d),(e)

7,820‌

634‌

TriNet

Group

Inc

(d)

2,728‌

147‌

United

Rentals

Inc

(d),(e)

3,255‌

452‌

$

12,288‌

Computers

-

1.76%

Accenture

PLC

-

Class

A

(e)

3,585‌

723‌

Amdocs

Ltd

1,112‌

69‌

Apple

Inc

(e)

22,111‌

7,029‌

Cognizant

Technology

Solutions

Corp

846‌

45‌

Endava

PLC

ADR

(d)

1,744‌

84‌

Fortinet

Inc

(d),(e)

1,841‌

256‌

Genpact

Ltd

2,498‌

90‌

HP

Inc

(e)

18,517‌

281‌

International

Business

Machines

Corp

(e)

4,649‌

581‌

Itochu

Techno-Solutions

Corp

11,100‌

376‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

69

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Computers

(continued)

Leidos

Holdings

Inc

8,395‌

$

883‌

Lumentum

Holdings

Inc

(d)

2,460‌

180‌

NetApp

Inc

(e)

5,843‌

260‌

Nomura

Research

Institute

Ltd

5,500‌

146‌

NTT

Data

Corp

98,257‌

1,139‌

Obic

Co

Ltd

1,600‌

278‌

Otsuka

Corp

23,000‌

1,114‌

Rapid7

Inc

(d)

2,675‌

131‌

Softcat

PLC

2,746‌

39‌

Vocera

Communications

Inc

(d)

4,571‌

90‌

Western

Digital

Corp

998‌

44‌

$

13,838‌

Consumer

Products

-

0.08%

Avery

Dennison

Corp

(e)

282‌

31‌

Church

&

Dwight

Co

Inc

1,446‌

108‌

Clorox

Co/The

473‌

98‌

Kimberly-Clark

Corp

2,664‌

377‌

$

614‌

Cosmetics

&

Personal

Care

-

0.47%

Colgate-Palmolive

Co

(e)

17,952‌

1,298‌

Edgewell

Personal

Care

Co

(d)

2,571‌

78‌

Estee

Lauder

Cos

Inc/The

(e)

1,232‌

244‌

Pola

Orbis

Holdings

Inc

14,600‌

285‌

Procter

&

Gamble

Co/The

(e)

15,450‌

1,791‌

$

3,696‌

Distribution

&

Wholesale

-

0.24%

Bunzl

PLC

3,729‌

87‌

Copart

Inc

(d),(e)

6,432‌

575‌

Diploma

PLC

6,146‌

140‌

Fastenal

Co

9,001‌

371‌

LKQ

Corp

(d),(e)

8,475‌

233‌

Toyota

Tsusho

Corp

4,100‌

104‌

WW

Grainger

Inc

(e)

1,166‌

361‌

$

1,871‌

Diversified

Financial

Services

-

1.83%

4L

Technologies

(d),(f),(g)

24,306‌

97‌

Alliance

Data

Systems

Corp

(e)

2,075‌

96‌

American

Express

Co

(e)

6,345‌

604‌

Ares

Management

Corp

2,578‌

97‌

B

Riley

Financial

Inc

4,309‌

83‌

BlackRock

Inc

(e)

1,344‌

711‌

Cboe

Global

Markets

Inc

(e)

5,116‌

544‌

Charles

Schwab

Corp/The

11,637‌

418‌

CI

Financial

Corp

10,800‌

128‌

CME

Group

Inc

(e)

2,356‌

430‌

Credit

Acceptance

Corp

(d)

856‌

317‌

Discover

Financial

Services

(e)

7,843‌

373‌

ECN

Capital

Corp

35,390‌

122‌

Element

Comm

Aviation

(d),(f),(g),(h)

280‌

342‌

Euronext

NV

(i)

1,479‌

137‌

Federal

Agricultural

Mortgage

Corp

1,110‌

71‌

Franklin

Resources

Inc

(e)

27,546‌

520‌

Greenhill

&

Co

Inc

5,186‌

52‌

Hamilton

Lane

Inc

1,495‌

109‌

Hannon

Armstrong

Sustainable

Infrastructure

Capital

Inc

3,695‌

107‌

Hargreaves

Lansdown

PLC

15,087‌

344‌

Intercontinental

Exchange

Inc

(e)

4,990‌

485‌

Invesco

Ltd

(e)

87,441‌

697‌

London

Stock

Exchange

Group

PLC

642‌

64‌

Magellan

Financial

Group

Ltd

8,209‌

321‌

Mastercard

Inc

(e)

6,165‌

1,855‌

Moelis

&

Co

2,749‌

92‌

Nasdaq

Inc

(e)

5,082‌

602‌

Navient

Corp

6,814‌

51‌

PRA

Group

Inc

(d)

6,833‌

233‌

Raymond

James

Financial

Inc

2,307‌

160‌

Sanne

Group

PLC

13,545‌

114‌

SEI

Investments

Co

(e)

12,605‌

683‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Diversified

Financial

Services

(continued)

Singapore

Exchange

Ltd

23,100‌

$

136‌

SLM

Corp

10,196‌

77‌

Synchrony

Financial

(e)

22,564‌

460‌

T

Rowe

Price

Group

Inc

(e)

4,323‌

523‌

Visa

Inc

(e)

7,003‌

1,367‌

VZ

Holding

AG

1,750‌

130‌

Western

Union

Co/The

(e)

30,806‌

617‌

$

14,369‌

Electric

-

1.17%

AES

Corp/The

(e)

1,845‌

23‌

Canadian

Utilities

Ltd

12,400‌

298‌

Dominion

Energy

Inc

(e)

12,504‌

1,063‌

Duke

Energy

Corp

1,065‌

92‌

Electric

Power

Development

Co

Ltd

3,300‌

62‌

Electricite

de

France

SA

14,783‌

132‌

Endesa

SA

16,780‌

401‌

Enel

SpA

16,212‌

125‌

Entergy

Corp

70‌

7‌

Evergy

Inc

(e)

1,750‌

108‌

Exelon

Corp

4,219‌

162‌

FirstEnergy

Corp

256‌

11‌

Fortum

Oyj

12,366‌

238‌

Iberdrola

SA

8,300‌

90‌

Meridian

Energy

Ltd

63,632‌

188‌

NextEra

Energy

Inc

6,730‌

1,720‌

NRG

Energy

Inc

(e)

32,870‌

1,185‌

Public

Service

Enterprise

Group

Inc

(e)

2,664‌

136‌

Red

Electrica

Corp

SA

28,514‌

502‌

RWE

AG

60,131‌

2,003‌

Sempra

Energy

725‌

92‌

Southern

Co/The

(e)

1,743‌

99‌

Terna

Rete

Elettrica

Nazionale

SpA

16,864‌

115‌

Vistra

Energy

Corp

(e)

16,151‌

330‌

$

9,182‌

Electrical

Components

&

Equipment

-

0.34%

AMETEK

Inc

(e)

6,559‌

601‌

Belden

Inc

2,400‌

82‌

Brother

Industries

Ltd

8,600‌

163‌

Emerson

Electric

Co

(e)

9,828‌

600‌

Energizer

Holdings

Inc

1,385‌

61‌

EnerSys

2,696‌

171‌

Legrand

SA

7,172‌

491‌

Novanta

Inc

(d)

315‌

32‌

Schneider

Electric

SE

4,598‌

455‌

$

2,656‌

Electronics

-

0.95%

Allegion

plc

1,369‌

136‌

Amphenol

Corp

1,342‌

130‌

Assa

Abloy

AB

19,243‌

393‌

Coherent

Inc

(d)

468‌

68‌

DiscoverIE

Group

PLC

13,104‌

90‌

Electrocomponents

PLC

16,667‌

132‌

FARO

Technologies

Inc

(d)

2,014‌

113‌

Fitbit

Inc

(d)

53,425‌

339‌

FLIR

Systems

Inc

(e)

10,323‌

477‌

Fortive

Corp

(e)

7,768‌

473‌

Garmin

Ltd

(e)

9,007‌

812‌

GoPro

Inc

(d)

21,817‌

103‌

Halma

PLC

6,244‌

182‌

Honeywell

International

Inc

(e)

8,549‌

1,247‌

II-VI

Inc

(d)

1,571‌

75‌

Keysight

Technologies

Inc

(d),(e)

1,614‌

174‌

LEM

Holding

SA

67‌

94‌

nVent

Electric

PLC

3,421‌

63‌

PerkinElmer

Inc

(e)

1,784‌

179‌

Roper

Technologies

Inc

(e)

1,017‌

400‌

Rotork

PLC

34,945‌

116‌

TE

Connectivity

Ltd

(e)

5,944‌

483‌

Tech

Data

Corp

(d)

5,325‌

725‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

70

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Electronics

(continued)

Trimble

Inc

(d)

3,069‌

$

120‌

Venture

Corp

Ltd

16,200‌

176‌

Yokogawa

Electric

Corp

9,200‌

133‌

$

7,433‌

Energy

-

Alternate

Sources

-

0.07%

First

Solar

Inc

(d)

2,479‌

116‌

Vestas

Wind

Systems

A/S

4,514‌

461‌

$

577‌

Engineering

&

Construction

-

0.28%

Alten

SA

1,063‌

86‌

CIMIC

Group

Ltd

5,871‌

98‌

Comfort

Systems

USA

Inc

2,100‌

78‌

Dycom

Industries

Inc

(d)

2,918‌

123‌

Eiffage

SA

(d)

3,842‌

351‌

Flughafen

Zurich

AG

(d)

1,632‌

226‌

Gaztransport

Et

Technigaz

SA

768‌

57‌

HOCHTIEF

AG

2,563‌

227‌

JGC

Holdings

Corp

38,300‌

413‌

Obayashi

Corp

13,500‌

125‌

Taisei

Corp

12,000‌

417‌

$

2,201‌

Entertainment

-

0.22%

Aristocrat

Leisure

Ltd

5,413‌

93‌

CTS

Eventim

AG

&

Co

KGaA

(d)

2,177‌

99‌

Deluxe

Entertainment

(d)

67,048‌

42‌

DraftKings

Inc

-

Warrants

(d)

118‌

3‌

DraftKings

Pipe

(d),(h)

19,373‌

769‌

Genting

Singapore

Ltd

717,800‌

400‌

Lions

Gate

Entertainment

Corp

-

B

shares

(d)

10,213‌

77‌

Live

Nation

Entertainment

Inc

(d)

557‌

27‌

OPAP

SA

8,952‌

84‌

Penn

National

Gaming

Inc

(d)

1,300‌

43‌

Vail

Resorts

Inc

404‌

80‌

$

1,717‌

Environmental

Control

-

0.15%

Pentair

PLC

(e)

10,767‌

422‌

Republic

Services

Inc

(e)

4,384‌

375‌

Waste

Management

Inc

(e)

3,283‌

350‌

$

1,147‌

Food

-

1.15%

a2

Milk

Co

Ltd

(d)

8,326‌

99‌

Calavo

Growers

Inc

1,477‌

86‌

Campbell

Soup

Co

(e)

10,205‌

520‌

Colruyt

SA

5,257‌

317‌

Cranswick

PLC

2,863‌

131‌

General

Mills

Inc

5,064‌

319‌

Hershey

Co/The

(e)

2,750‌

373‌

Hostess

Brands

Inc

(d)

6,785‌

82‌

JM

Smucker

Co/The

2,405‌

274‌

Just

Eat

Takeaway.com

NV

(d),(i)

6,014‌

655‌

Koninklijke

Ahold

Delhaize

NV

15,780‌

400‌

Kroger

Co/The

972‌

32‌

Lamb

Weston

Holdings

Inc

(e)

11,901‌

715‌

Mondelez

International

Inc

(e)

4,969‌

259‌

Nisshin

Seifun

Group

Inc

21,800‌

340‌

Post

Holdings

Inc

(d)

16,857‌

1,467‌

Seven

&

i

Holdings

Co

Ltd

16,900‌

580‌

Simply

Good

Foods

Co/The

(d)

89,008‌

1,516‌

Sysco

Corp

(e)

6,528‌

360‌

Tyson

Foods

Inc

(e)

7,025‌

432‌

Viscofan

SA

1,378‌

90‌

$

9,047‌

Food

Service

-

0.06%

Compass

Group

PLC

23,407‌

343‌

Elior

Group

SA

(i)

16,654‌

103‌

$

446‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Forest

Products

&

Paper

-

0.13%

International

Paper

Co

(e)

10,004‌

$

341‌

Mondi

PLC

7,812‌

147‌

Schweitzer-Mauduit

International

Inc

2,023‌

62‌

Smurfit

Kappa

Group

PLC

6,777‌

221‌

UPM-Kymmene

Oyj

7,423‌

214‌

$

985‌

Gas

-

0.12%

New

Jersey

Resources

Corp

2,900‌

102‌

Osaka

Gas

Co

Ltd

29,600‌

594‌

UGI

Corp

6,569‌

209‌

$

905‌

Hand

&

Machine

Tools

-

0.18%

Disco

Corp

600‌

134‌

Kennametal

Inc

6,330‌

176‌

Makita

Corp

8,500‌

289‌

Snap-on

Inc

(e)

4,558‌

591‌

Stanley

Black

&

Decker

Inc

(e)

1,583‌

199‌

$

1,389‌

Healthcare

-

Products

-

1.51%

Abbott

Laboratories

(e)

4,069‌

386‌

ABIOMED

Inc

(d)

850‌

190‌

Align

Technology

Inc

(d),(e)

1,256‌

309‌

Baxter

International

Inc

14,388‌

1,296‌

Boston

Scientific

Corp

(d)

31,467‌

1,195‌

Carl

Zeiss

Meditec

AG

(d)

811‌

83‌

Cellavision

AB

(d)

2,266‌

72‌

Cochlear

Ltd

2,305‌

297‌

Danaher

Corp

(e)

3,617‌

602‌

DENTSPLY

SIRONA

Inc

(e)

12,785‌

595‌

DiaSorin

SpA

612‌

129‌

Edwards

Lifesciences

Corp

(d),(e)

861‌

194‌

Elekta

AB

4,842‌

51‌

Envista

Holdings

Corp

(d)

3,720‌

79‌

Globus

Medical

Inc

(d)

1,302‌

71‌

Henry

Schein

Inc

(d),(e)

4,212‌

256‌

Hill-Rom

Holdings

Inc

746‌

76‌

Hologic

Inc

(d)

2,415‌

128‌

Insulet

Corp

(d)

1,853‌

349‌

Intuitive

Surgical

Inc

(d),(e)

1,411‌

818‌

Koninklijke

Philips

NV

(d)

7,717‌

350‌

Medtronic

PLC

(e)

22,765‌

2,244‌

Natus

Medical

Inc

(d)

2,618‌

56‌

Novocure

Ltd

(d)

572‌

39‌

Smith

&

Nephew

PLC

8,755‌

179‌

STERIS

PLC

730‌

121‌

Stryker

Corp

1,589‌

311‌

Sysmex

Corp

1,200‌

96‌

Tandem

Diabetes

Care

Inc

(d)

1,599‌

133‌

Thermo

Fisher

Scientific

Inc

(e)

1,694‌

591‌

Varian

Medical

Systems

Inc

(d),(e)

3,151‌

383‌

West

Pharmaceutical

Services

Inc

255‌

55‌

Zimmer

Biomet

Holdings

Inc

(e)

882‌

111‌

$

11,845‌

Healthcare

-

Services

-

0.95%

Anthem

Inc

1,847‌

543‌

Centene

Corp

(d)

2,591‌

172‌

DaVita

Inc

(d),(e)

6,285‌

509‌

Eurofins

Scientific

SE

159‌

108‌

HCA

Healthcare

Inc

(e)

4,950‌

529‌

Humana

Inc

(e)

3,436‌

1,411‌

IQVIA

Holdings

Inc

(d)

8,068‌

1,206‌

Laboratory

Corp

of

America

Holdings

(d),(e)

2,264‌

397‌

LHC

Group

Inc

(d)

765‌

124‌

Orpea

1,106‌

130‌

Quest

Diagnostics

Inc

(e)

4,845‌

573‌

UnitedHealth

Group

Inc

(e)

4,349‌

1,326‌

Universal

Health

Services

Inc

(e)

4,328‌

456‌

$

7,484‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

71

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Holding

Companies

-

Diversified

-

0.01%

CK

Hutchison

Holdings

Ltd

14,500‌

$

89‌

US

Well

Services

Inc

-

Warrants

(d)

103,668‌

3‌

$

92‌

Home

Builders

-

0.35%

Berkeley

Group

Holdings

PLC

4,805‌

245‌

Cairn

Homes

PLC

120,888‌

121‌

Cavco

Industries

Inc

(d)

567‌

108‌

DR

Horton

Inc

240‌

13‌

Glenveagh

Properties

PLC

(d),(i)

170,890‌

124‌

Installed

Building

Products

Inc

(d)

1,512‌

97‌

Kaufman

&

Broad

SA

2,987‌

106‌

Lennar

Corp

-

A

Shares

489‌

30‌

NVR

Inc

(d),(e)

280‌

902‌

Persimmon

PLC

11,568‌

330‌

PulteGroup

Inc

(e)

11,830‌

402‌

Skyline

Champion

Corp

(d)

8,245‌

205‌

Thor

Industries

Inc

791‌

68‌

$

2,751‌

Home

Furnishings

-

0.06%

Hoshizaki

Corp

2,600‌

210‌

Leggett

&

Platt

Inc

(e)

4,211‌

129‌

Whirlpool

Corp

1,294‌

157‌

$

496‌

Housewares

-

0.03%

Newell

Brands

Inc

(e)

17,169‌

226‌

Insurance

-

1.55%

Admiral

Group

PLC

17,435‌

504‌

Aegon

NV

51,541‌

138‌

Aflac

Inc

(e)

6,988‌

255‌

Alleghany

Corp

152‌

78‌

Allianz

SE

1,463‌

265‌

Allstate

Corp/The

181‌

18‌

American

International

Group

Inc

(e)

8,804‌

265‌

Aon

PLC

893‌

176‌

Arthur

J

Gallagher

&

Co

(e)

1,935‌

182‌

Assurant

Inc

(e)

529‌

54‌

Athene

Holding

Ltd

(d)

2,987‌

86‌

Beazley

PLC

23,430‌

111‌

Berkshire

Hathaway

Inc

-

Class

B

(d),(e)

7,043‌

1,307‌

Chubb

Ltd

(e)

5,204‌

635‌

Cincinnati

Financial

Corp

(e)

5,827‌

343‌

CNO

Financial

Group

Inc

5,121‌

73‌

CNP

Assurances

(d)

6,776‌

72‌

Direct

Line

Insurance

Group

PLC

27,649‌

91‌

eHealth

Inc

(d)

4,744‌

619‌

Equitable

Holdings

Inc

2,745‌

52‌

Everest

Re

Group

Ltd

417‌

83‌

Fairfax

Financial

Holdings

Ltd

900‌

250‌

Fidelity

National

Financial

Inc

(e)

13,019‌

415‌

First

American

Financial

Corp

3,736‌

189‌

Gjensidige

Forsikring

ASA

(d)

10,484‌

191‌

Globe

Life

Inc

(e)

2,788‌

215‌

Hartford

Financial

Services

Group

Inc/The

(e)

1,058‌

41‌

Insurance

Australia

Group

Ltd

129,249‌

528‌

James

River

Group

Holdings

Ltd

2,567‌

99‌

Lancashire

Holdings

Ltd

7,898‌

66‌

Lincoln

National

Corp

256‌

10‌

Loews

Corp

(e)

2,563‌

85‌

Markel

Corp

(d),(e)

729‌

655‌

Marsh

&

McLennan

Cos

Inc

(e)

4,487‌

475‌

Medibank

Pvt

Ltd

28,877‌

55‌

MetLife

Inc

(e)

12,045‌

433‌

MGIC

Investment

Corp

11,200‌

92‌

NMI

Holdings

Inc

(d)

5,770‌

89‌

Progressive

Corp/The

4,243‌

329‌

Prudential

Financial

Inc

(e)

2,408‌

147‌

Radian

Group

Inc

5,138‌

82‌

RSA

Insurance

Group

PLC

16,325‌

80‌

Sampo

Oyj

14,318‌

514‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Insurance

(continued)

Sony

Financial

Holdings

Inc

19,112‌

$

461‌

Third

Point

Reinsurance

Ltd

(d)

7,536‌

56‌

Travelers

Cos

Inc/The

(e)

3,402‌

364‌

Tryg

A/S

10,091‌

283‌

Unum

Group

2,836‌

43‌

Voya

Financial

Inc

1,597‌

72‌

White

Mountains

Insurance

Group

Ltd

180‌

165‌

Willis

Towers

Watson

PLC

615‌

125‌

WR

Berkley

Corp

(e)

2,834‌

164‌

$

12,180‌

Internet

-

2.55%

Alphabet

Inc

-

A

Shares

(d),(e)

2,045‌

2,931‌

Alphabet

Inc

-

C

Shares

(d)

934‌

1,335‌

Amazon.com

Inc

(d),(e)

1,681‌

4,106‌

Anaplan

Inc

(d)

7,622‌

350‌

Booking

Holdings

Inc

(d)

82‌

134‌

Cardlytics

Inc

(d)

2,933‌

200‌

CDW

Corp/DE

300‌

33‌

Cerved

Group

SpA

(d)

18,993‌

132‌

eBay

Inc

(e)

10,635‌

484‌

Expedia

Group

Inc

(e)

6,319‌

503‌

F5

Networks

Inc

(d)

2,125‌

308‌

Facebook

Inc

(d),(e)

9,245‌

2,081‌

GoDaddy

Inc

(d),(e)

9,092‌

703‌

JD.com

Inc

ADR

(d)

5,469‌

297‌

Kakaku.com

Inc

13,000‌

316‌

Klarna

Holding

AB

(d),(f),(g),(h)

808‌

212‌

Limelight

Networks

Inc

(d)

20,820‌

103‌

Match

Group

Inc

(d)

2,106‌

187‌

Mimecast

Ltd

(d)

1,935‌

81‌

MonotaRO

Co

Ltd

7,600‌

276‌

Netflix

Inc

(d)

1,787‌

750‌

NortonLifeLock

Inc

(e)

22,970‌

524‌

Prosus

NV

(d)

1,790‌

149‌

Q2

Holdings

Inc

(d)

1,100‌

91‌

Rubicon

Project

Inc/The

(d)

9,666‌

61‌

Spotify

Technology

SA

(d)

1,968‌

356‌

TD

Ameritrade

Holding

Corp

3,201‌

119‌

Twitter

Inc

(d)

1,230‌

38‌

Uber

Technologies

Inc

(d)

52,352‌

1,901‌

VeriSign

Inc

(d),(e)

1,661‌

364‌

Z

Holdings

Corp

176,601‌

726‌

ZOZO

Inc

12,000‌

221‌

$

20,072‌

Investment

Companies

-

0.01%

Melrose

Industries

PLC

69,490‌

100‌

Iron

&

Steel

-

0.25%

Evraz

PLC

97,444‌

341‌

Hitachi

Metals

Ltd

110,807‌

1,277‌

Nippon

Steel

Corp

12,200‌

113‌

Reliance

Steel

&

Aluminum

Co

1,182‌

115‌

Steel

Dynamics

Inc

4,835‌

128‌

$

1,974‌

Leisure

Products

&

Services

-

0.20%

BRP

Inc

3,003‌

104‌

Fox

Factory

Holding

Corp

(d)

1,540‌

111‌

Malibu

Boats

Inc

(d)

1,931‌

91‌

MIPS

AB

4,293‌

144‌

Peloton

Interactive

Inc

(d)

3,546‌

150‌

Polaris

Inc

800‌

70‌

Royal

Caribbean

Cruises

Ltd

682‌

35‌

Shimano

Inc

3,600‌

662‌

Thule

Group

AB

(i)

4,846‌

112‌

YETI

Holdings

Inc

(d)

2,274‌

73‌

$

1,552‌

Lodging

-

0.19%

Choice

Hotels

International

Inc

4,121‌

333‌

Hilton

Worldwide

Holdings

Inc

(e)

4,839‌

384‌

Las

Vegas

Sands

Corp

1,372‌

66‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

72

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Lodging

(continued)

Marriott

International

Inc/MD

2,273‌

$

201‌

MGM

Resorts

International

(e)

29,587‌

508‌

$

1,492‌

Machinery

-

Construction

&

Mining

-

0.15%

Argan

Inc

3,291‌

122‌

Astec

Industries

Inc

2,627‌

112‌

Caterpillar

Inc

1,244‌

149‌

Sandvik

AB

(d)

47,044‌

786‌

$

1,169‌

Machinery

-

Diversified

-

1.06%

Atlas

Copco

AB

-

A

Shares

5,442‌

215‌

Curtiss-Wright

Corp

1,642‌

165‌

Deere

&

Co

1,507‌

229‌

Dover

Corp

(e)

10,172‌

989‌

FANUC

Corp

1,300‌

232‌

Flowserve

Corp

(e)

27,151‌

709‌

Hexagon

AB

(d)

11,282‌

626‌

Ichor

Holdings

Ltd

(d)

2,827‌

64‌

IDEX

Corp

(e)

7,890‌

1,258‌

Inficon

Holding

AG

117‌

88‌

Ingersoll

Rand

Inc

(d)

3,608‌

102‌

Interpump

Group

SpA

2,303‌

69‌

Kone

Oyj

5,913‌

397‌

Marel

HF

(i)

23,405‌

122‌

Middleby

Corp/The

(d)

1,071‌

73‌

Nabtesco

Corp

9,500‌

297‌

Otis

Worldwide

Corp

(e)

26,417‌

1,391‌

Rockwell

Automation

Inc

(e)

2,791‌

603‌

SMC

Corp/Japan

400‌

203‌

Spirax-Sarco

Engineering

PLC

733‌

90‌

Stabilus

SA

1,713‌

93‌

Washtec

AG

(d)

1,342‌

55‌

Westinghouse

Air

Brake

Technologies

Corp

4,773‌

291‌

$

8,361‌

Media

-

0.74%

Charter

Communications

Inc

(d),(e)

2,449‌

1,332‌

Comcast

Corp

-

Class

A

13,725‌

544‌

Discovery

Inc

-

A

Shares

(d),(e)

7,234‌

157‌

Discovery

Inc

-

C

Shares

(d),(e)

20,740‌

406‌

DISH

Network

Corp

(d),(e)

19,092‌

604‌

FactSet

Research

Systems

Inc

253‌

78‌

Fox

Corp

-

A

Shares

(e)

20,939‌

611‌

iHeartMedia

Inc

(d)

18,582‌

162‌

News

Corp

-

A

Shares

5,122‌

63‌

Quebecor

Inc

6,800‌

150‌

Shaw

Communications

Inc

10,400‌

175‌

TEGNA

Inc

6,818‌

80‌

Telenet

Group

Holding

NV

5,335‌

218‌

Walt

Disney

Co/The

(e)

5,228‌

613‌

Wolters

Kluwer

NV

7,830‌

625‌

$

5,818‌

Metal

Fabrication

&

Hardware

-

0.07%

Advanced

Drainage

Systems

Inc

3,245‌

144‌

Rexnord

Corp

8,846‌

266‌

Tenaris

SA

ADR

2,474‌

32‌

Troax

Group

AB

7,632‌

114‌

$

556‌

Mining

-

0.67%

Barrick

Gold

Corp

13,140‌

315‌

BHP

Group

Ltd

24,722‌

582‌

BHP

Group

PLC

20,737‌

408‌

Compass

Minerals

International

Inc

1,356‌

65‌

Ecobat

Holdings,

Inc

-

Class

B

(d)

2,998‌

1,889‌

First

Quantum

Minerals

Ltd

11,200‌

65‌

Franco-Nevada

Corp

2,400‌

337‌

Kinross

Gold

Corp

(d)

23,200‌

151‌

Kirkland

Lake

Gold

Ltd

16,300‌

628‌

Newmont

Corp

8,609‌

503‌

Rio

Tinto

PLC

4,033‌

219‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Mining

(continued)

Wheaton

Precious

Metals

Corp

1,600‌

$

69‌

$

5,231‌

Miscellaneous

Manufacturers

-

0.35%

3M

Co

(e)

2,843‌

445‌

Alstom

SA

2,624‌

110‌

AO

Smith

Corp

1,326‌

63‌

Eaton

Corp

PLC

(e)

4,750‌

403‌

Enerpac

Tool

Group

Corp

4,589‌

82‌

Illinois

Tool

Works

Inc

(e)

5,047‌

871‌

ITT

Inc

2,519‌

145‌

JSR

Corp

6,106‌

120‌

Sturm

Ruger

&

Co

Inc

1,017‌

63‌

Trane

Technologies

PLC

(e)

5,044‌

456‌

$

2,758‌

Office

&

Business

Equipment

-

0.03%

Xerox

Holdings

Corp

(e)

15,479‌

246‌

Office

Furnishings

-

0.01%

Herman

Miller

Inc

1,543‌

35‌

Knoll

Inc

4,220‌

45‌

Steelcase

Inc

1,038‌

12‌

$

92‌

Oil

&

Gas

-

0.86%

Apache

Corp

(e)

59,707‌

644‌

Bellatrix

Exploration

Ltd

(d),(f),(g)

94,641‌

—‌

Canadian

Natural

Resources

Ltd

5,611‌

102‌

Chevron

Corp

(e)

9,344‌

857‌

Concho

Resources

Inc

(e)

12,099‌

659‌

ConocoPhillips

(e)

22,589‌

953‌

Devon

Energy

Corp

12,074‌

131‌

Diamondback

Energy

Inc

1,604‌

68‌

Dommo

Energia

SA

ADR

(d)

269‌

—‌

EOG

Resources

Inc

(e)

16,361‌

833‌

Exxon

Mobil

Corp

(e)

17,572‌

799‌

HollyFrontier

Corp

(e)

9,011‌

283‌

JXTG

Holdings

Inc

42,907‌

166‌

Lundin

Energy

AB

5,603‌

137‌

Marathon

Petroleum

Corp

(e)

3,902‌

137‌

Neste

Oyj

6,298‌

257‌

Occidental

Petroleum

Corp

(e)

12,400‌

161‌

Phillips

66

(e)

3,621‌

283‌

Santos

Ltd

68,268‌

245‌

Valero

Energy

Corp

(e)

968‌

65‌

$

6,780‌

Oil

&

Gas

Services

-

0.11%

Halliburton

Co

(e)

14,944‌

175‌

Schlumberger

Ltd

(e)

14,137‌

261‌

TechnipFMC

PLC

(e)

51,990‌

385‌

TGS

NOPEC

Geophysical

Co

ASA

3,819‌

55‌

$

876‌

Packaging

&

Containers

-

0.31%

Amcor

PLC

(e)

23,154‌

236‌

Ball

Corp

16,410‌

1,170‌

Sealed

Air

Corp

(e)

29,843‌

958‌

Vidrala

SA

1,109‌

106‌

$

2,470‌

Pharmaceuticals

-

1.92%

AbbVie

Inc

(e)

13,498‌

1,251‌

Aerie

Pharmaceuticals

Inc

(d)

1,495‌

21‌

AmerisourceBergen

Corp

201‌

19‌

Astellas

Pharma

Inc

25,900‌

463‌

AstraZeneca

PLC

ADR

3,394‌

185‌

AstraZeneca

PLC

1,343‌

145‌

Bayer

AG

6,968‌

476‌

Bristol-Myers

Squibb

Co

14,154‌

846‌

Cardinal

Health

Inc

2,606‌

143‌

China

Biologic

Products

Holdings

Inc

(d)

10,374‌

1,149‌

Chugai

Pharmaceutical

Co

Ltd

500‌

74‌

Cigna

Corp

(e)

854‌

168‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

73

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Pharmaceuticals

(continued)

CVS

Health

Corp

(e)

16,072‌

$

1,054‌

DexCom

Inc

(d)

703‌

266‌

Elanco

Animal

Health

Inc

(d)

5,887‌

126‌

Eli

Lilly

and

Co

521‌

80‌

Galapagos

NV

(d)

893‌

181‌

Global

Blood

Therapeutics

Inc

(d)

1,848‌

129‌

Ipsen

SA

898‌

70‌

Jazz

Pharmaceuticals

PLC

(d),(e)

958‌

114‌

Johnson

&

Johnson

(e)

15,842‌

2,357‌

KalVista

Pharmaceuticals

Inc

(d)

4,259‌

48‌

Kyowa

Kirin

Co

Ltd

9,210‌

250‌

Merck

&

Co

Inc

(e)

10,712‌

865‌

MyoKardia

Inc

(d)

715‌

73‌

Neurocrine

Biosciences

Inc

(d),(e)

3,745‌

467‌

Novartis

AG

3,054‌

266‌

Novo

Nordisk

A/S

6,840‌

448‌

Odonate

Therapeutics

Inc

(d)

1,989‌

65‌

Pfizer

Inc

(e)

22,007‌

840‌

Principia

Biopharma

Inc

(d)

636‌

41‌

Rhythm

Pharmaceuticals

Inc

(d)

3,510‌

68‌

Roche

Holding

AG

4,469‌

1,551‌

Sarepta

Therapeutics

Inc

(d),(e)

800‌

122‌

Shionogi

&

Co

Ltd

2,700‌

160‌

Sumitomo

Dainippon

Pharma

Co

Ltd

20,290‌

287‌

Takeda

Pharmaceutical

Co

Ltd

2,800‌

110‌

UCB

SA

1,573‌

157‌

$

15,135‌

Pipelines

-

0.14%

Enterprise

Products

Partners

LP

1,124‌

21‌

Kinder

Morgan

Inc

(e)

38,386‌

607‌

Southcross

Holdings

(d),(f),(g)

388,623‌

31‌

Williams

Cos

Inc/The

(e)

20,717‌

423‌

$

1,082‌

Private

Equity

-

0.02%

Blackstone

Group

Inc/The

2,668‌

152‌

Real

Estate

-

0.17%

Catena

AB

3,389‌

133‌

CBRE

Group

Inc

(d),(e)

4,290‌

189‌

CK

Asset

Holdings

Ltd

23,500‌

129‌

Daito

Trust

Construction

Co

Ltd

1,900‌

201‌

Hill

Street

(d),(f),(g)

222‌

5‌

Hill

Street

-

Warrants

(d),(f),(g)

377‌

—‌

Kojamo

Oyj

3,643‌

74‌

LEG

Immobilien

AG

(d)

1,364‌

171‌

REA

Group

Ltd

2,909‌

196‌

Redfin

Corp

(d)

1,132‌

34‌

Shurgard

Self

Storage

SA

2,004‌

66‌

Swiss

Prime

Site

AG

1,343‌

125‌

WE

Company

Common

Class

A

(d),(f),(g),(h)

356‌

2‌

$

1,325‌

REITs

-

1.00%

Agree

Realty

Corp

1,407‌

88‌

Alexandria

Real

Estate

Equities

Inc

(e)

1,027‌

158‌

American

Tower

Corp

2,492‌

644‌

Americold

Realty

Trust

3,927‌

140‌

Apartment

Investment

and

Management

Co

3,371‌

124‌

AvalonBay

Communities

Inc

1,714‌

267‌

Big

Yellow

Group

PLC

6,270‌

78‌

Boston

Properties

Inc

2,457‌

211‌

Camden

Property

Trust

681‌

62‌

CoreCivic

Inc

5,826‌

70‌

Crown

Castle

International

Corp

651‌

112‌

Digital

Realty

Trust

Inc

621‌

89‌

Easterly

Government

Properties

Inc

3,580‌

90‌

Equinix

Inc

103‌

72‌

Essential

Properties

Realty

Trust

Inc

4,727‌

64‌

Essex

Property

Trust

Inc

454‌

110‌

Extra

Space

Storage

Inc

(e)

3,242‌

314‌

Federal

Realty

Investment

Trust

(e)

2,351‌

188‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

REITs

(continued)

Goodman

Group

19,922‌

$

205‌

Hibernia

REIT

plc

94,006‌

114‌

Host

Hotels

&

Resorts

Inc

6,426‌

77‌

Iron

Mountain

Inc

692‌

18‌

Japan

Real

Estate

Investment

Corp

16‌

87‌

Japan

Retail

Fund

Investment

Corp

120‌

158‌

Kimco

Realty

Corp

(e)

9,307‌

103‌

Mid-America

Apartment

Communities

Inc

(e)

854‌

99‌

Monmouth

Real

Estate

Investment

Corp

7,246‌

94‌

Omega

Healthcare

Investors

Inc

(e)

4,493‌

140‌

Outfront

Media

Inc

3,330‌

47‌

Pebblebrook

Hotel

Trust

6,367‌

87‌

Piedmont

Office

Realty

Trust

Inc

4,122‌

69‌

Prologis

Inc

(e)

5,097‌

465‌

Public

Storage

(e)

4,340‌

880‌

Realty

Income

Corp

(e)

1,087‌

60‌

SBA

Communications

Corp

174‌

55‌

Segro

PLC

8,252‌

86‌

Simon

Property

Group

Inc

(e)

8,064‌

466‌

SL

Green

Realty

Corp

1,774‌

75‌

UDR

Inc

(e)

2,056‌

76‌

Ventas

Inc

(e)

11,120‌

389‌

VICI

Properties

Inc

5,927‌

116‌

Vicinity

Centres

66,874‌

72‌

Weyerhaeuser

Co

(e)

48,076‌

971‌

$

7,890‌

Retail

-

2.86%

ABC-Mart

Inc

4,100‌

249‌

Advance

Auto

Parts

Inc

(e)

4,264‌

594‌

AutoZone

Inc

(d),(e)

722‌

829‌

Best

Buy

Co

Inc

(e)

1,787‌

140‌

BMC

Stock

Holdings

Inc

(d)

1,800‌

47‌

Burlington

Stores

Inc

(d)

655‌

137‌

CarMax

Inc

(d)

3,329‌

293‌

Casey's

General

Stores

Inc

6,132‌

979‌

Cheesecake

Factory

Inc/The

2,179‌

47‌

Children's

Place

Inc/The

2,429‌

101‌

Costco

Wholesale

Corp

(e)

1,728‌

533‌

Darden

Restaurants

Inc

(e)

9,844‌

757‌

Dollar

General

Corp

102‌

20‌

Dollar

Tree

Inc

(d)

1,470‌

144‌

Domino's

Pizza

Inc

(e)

560‌

216‌

FamilyMart

Co

Ltd

22,100‌

414‌

Fast

Retailing

Co

Ltd

400‌

225‌

Five

Below

Inc

(d)

1,273‌

133‌

Floor

&

Decor

Holdings

Inc

(d)

2,323‌

121‌

Gap

Inc/The

(e)

66,859‌

595‌

Genuine

Parts

Co

(e)

1,432‌

119‌

Hennes

&

Mauritz

AB

27,948‌

425‌

Home

Depot

Inc/The

(e)

6,538‌

1,625‌

Jand

Inc

(d),(f),(g),(h)

1,693‌

27‌

Kohl's

Corp

(e)

15,563‌

299‌

L

Brands

Inc

25,909‌

419‌

Lawson

Inc

2,500‌

139‌

Lowe's

Cos

Inc

(e)

6,808‌

887‌

Marui

Group

Co

Ltd

11,600‌

210‌

McDonald's

Corp

(e)

5,942‌

1,107‌

McDonald's

Holdings

Co

Japan

Ltd

8,900‌

474‌

Michaels

Cos

Inc/The

(d)

9,190‌

36‌

Moncler

SpA

(d)

6,664‌

249‌

Movado

Group

Inc

4,684‌

49‌

Next

PLC

3,912‌

237‌

Nitori

Holdings

Co

Ltd

2,200‌

398‌

Ollie's

Bargain

Outlet

Holdings

Inc

(d)

983‌

90‌

O'Reilly

Automotive

Inc

(d)

1,674‌

698‌

Pandora

A/S

3,218‌

161‌

Panera

Bread

Co

(d),(f),(g)

1,664‌

—‌

Regis

Corp

(d)

3,155‌

33‌

Restaurant

Brands

International

Inc

10,508‌

573‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

74

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Retail

(continued)

Starbucks

Corp

(e)

3,572‌

$

279‌

Sundrug

Co

Ltd

9,400‌

317‌

Target

Corp

(e)

10,327‌

1,263‌

Texas

Roadhouse

Inc

1,650‌

86‌

Tiffany

&

Co

367‌

47‌

TJX

Cos

Inc/The

(e)

32,700‌

1,725‌

Ulta

Beauty

Inc

(d),(e)

3,180‌

776‌

USS

Co

Ltd

11,900‌

208‌

Walgreens

Boots

Alliance

Inc

(e)

3,000‌

129‌

Walmart

Inc

(e)

12,769‌

1,584‌

Wesfarmers

Ltd

4,055‌

109‌

Yum

China

Holdings

Inc

1,747‌

81‌

Yum!

Brands

Inc

(e)

11,795‌

1,059‌

$

22,492‌

Savings

&

Loans

-

0.04%

OceanFirst

Financial

Corp

4,314‌

72‌

Sterling

Bancorp/DE

13,019‌

160‌

WSFS

Financial

Corp

1,900‌

53‌

$

285‌

Semiconductors

-

1.39%

ACM

Research

Inc

(d)

1,219‌

73‌

Advanced

Micro

Devices

Inc

(d)

5,001‌

269‌

Analog

Devices

Inc

(e)

2,322‌

262‌

Applied

Materials

Inc

(e)

3,092‌

174‌

ASML

Holding

NV

2,095‌

686‌

BE

Semiconductor

Industries

NV

2,645‌

101‌

Broadcom

Inc

(e)

2,092‌

609‌

Entegris

Inc

1,443‌

86‌

FormFactor

Inc

(d)

4,505‌

113‌

Hamamatsu

Photonics

KK

4,700‌

214‌

Infineon

Technologies

AG

5,307‌

112‌

Intel

Corp

(e)

21,432‌

1,349‌

KLA

Corp

1,194‌

211‌

Lam

Research

Corp

(e)

919‌

252‌

Marvell

Technology

Group

Ltd

6,029‌

197‌

Maxim

Integrated

Products

Inc

(e)

5,288‌

305‌

Microchip

Technology

Inc

(e)

7,414‌

712‌

Micron

Technology

Inc

(d)

3,175‌

152‌

MKS

Instruments

Inc

463‌

49‌

NVIDIA

Corp

(e)

4,656‌

1,652‌

Qorvo

Inc

(d),(e)

5,987‌

627‌

QUALCOMM

Inc

(e)

7,734‌

626‌

Renesas

Electronics

Corp

(d)

37,266‌

194‌

Rohm

Co

Ltd

3,542‌

240‌

Samsung

Electronics

Co

Ltd

2,572‌

106‌

Silicon

Motion

Technology

Corp

ADR

1,456‌

66‌

Skyworks

Solutions

Inc

(e)

1,443‌

171‌

SOITEC

(d)

1,194‌

117‌

STMicroelectronics

NV

3,299‌

82‌

Teradyne

Inc

4,079‌

273‌

Texas

Instruments

Inc

(e)

3,111‌

369‌

Tokyo

Electron

Ltd

1,000‌

201‌

Tower

Semiconductor

Ltd

(d)

14,880‌

299‌

$

10,949‌

Shipbuilding

-

0.01%

Yangzijiang

Shipbuilding

Holdings

Ltd

161,100‌

108‌

Software

-

2.37%

Activision

Blizzard

Inc

3,052‌

220‌

Adobe

Inc

(d),(e)

1,929‌

746‌

Agilysys

Inc

(d)

4,200‌

81‌

Akamai

Technologies

Inc

(d),(e)

1,408‌

149‌

Autodesk

Inc

(d),(e)

2,269‌

478‌

Avid

Technology

Inc

(d)

10,341‌

73‌

Bandwidth

Inc

(d)

1,096‌

121‌

Black

Knight

Inc

(d)

4,292‌

330‌

Cadence

Design

Systems

Inc

(d),(e)

2,063‌

188‌

Cerner

Corp

(e)

5,370‌

391‌

Citrix

Systems

Inc

(e)

5,471‌

810‌

Cloudera

Inc

(d)

14,371‌

147‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Software

(continued)

Constellation

Software

Inc/Canada

412‌

$

468‌

CSG

Systems

International

Inc

1,335‌

63‌

Dassault

Systemes

SE

1,370‌

234‌

Dropbox

Inc

-

A

Shares

(d),(e)

10,735‌

242‌

Electronic

Arts

Inc

(d)

1,078‌

132‌

Envestnet

Inc

(d)

11,569‌

840‌

Fair

Isaac

Corp

(d)

471‌

190‌

Five9

Inc

(d)

806‌

84‌

Guidewire

Software

Inc

(d)

1,920‌

197‌

Health

Catalyst

Inc

(d)

2,649‌

72‌

HubSpot

Inc

(d)

561‌

112‌

Manhattan

Associates

Inc

(d)

1,220‌

108‌

Microsoft

Corp

(e)

28,242‌

5,175‌

MINDBODY

Inc

(d),(f),(g)

9,229‌

337‌

MSCI

Inc

(e)

936‌

308‌

NextGen

Healthcare

Inc

(d)

4,807‌

50‌

Omnicell

Inc

(d)

2,635‌

176‌

Oracle

Corp

(e)

26,794‌

1,441‌

Paychex

Inc

(e)

16,980‌

1,227‌

Paycom

Software

Inc

(d)

74‌

22‌

PROS

Holdings

Inc

(d)

1,004‌

39‌

RingCentral

Inc

(d)

226‌

62‌

salesforce.com

Inc

(d)

1,400‌

245‌

SAP

SE

4,105‌

524‌

ServiceNow

Inc

(d)

1,188‌

462‌

SimCorp

A/S

692‌

76‌

Slack

Technologies

Inc

(d)

9,126‌

320‌

Splunk

Inc

(d)

1,983‌

368‌

Synopsys

Inc

(d)

235‌

42‌

Take-Two

Interactive

Software

Inc

(d)

177‌

24‌

Veeva

Systems

Inc

(d),(e)

1,812‌

397‌

VMware

Inc

(d)

221‌

35‌

Workday

Inc

(d)

3,717‌

682‌

XRAY-TWOLF

HoldCo

Corp

5,374‌

74‌

Zoom

Video

Communications

Inc

(d)

661‌

119‌

$

18,681‌

Telecommunications

-

1.24%

AT&T

Inc

(e)

33,112‌

1,022‌

Calix

Inc

(d)

9,442‌

133‌

Cisco

Systems

Inc

(e)

37,692‌

1,803‌

Deutsche

Telekom

AG

92,879‌

1,458‌

Elisa

Oyj

1,547‌

96‌

Harmonic

Inc

(d)

17,371‌

94‌

Hellenic

Telecommunications

Organization

SA

9,475‌

133‌

HMS

Networks

AB

(d)

3,123‌

63‌

InterDigital

Inc

1,087‌

60‌

Juniper

Networks

Inc

(e)

9,196‌

223‌

Koninklijke

KPN

NV

534,426‌

1,307‌

Motorola

Solutions

Inc

(e)

3,243‌

439‌

NTT

DOCOMO

Inc

3,100‌

85‌

Oi

SA

ADR

(d)

3,284‌

2‌

Ooma

Inc

(d)

6,229‌

78‌

PagerDuty

Inc

(d)

3,176‌

84‌

Plantronics

Inc

5,204‌

68‌

Proximus

SADP

4,821‌

100‌

Rogers

Communications

Inc

4,400‌

184‌

Sectra

AB

-

B

Shares

(d)

1,795‌

101‌

SoftBank

Group

Corp

19,411‌

887‌

Telefonica

SA

22,084‌

103‌

Telenor

ASA

6,409‌

97‌

T-Mobile

US

Inc

(d),(e)

3,064‌

306‌

Verizon

Communications

Inc

(e)

13,996‌

803‌

$

9,729‌

Textiles

-

0.02%

Mohawk

Industries

Inc

(d)

1,701‌

159‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

75

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Toys,

Games

&

Hobbies

-

0.10%

Games

Workshop

Group

PLC

1,396‌

$

138‌

Hasbro

Inc

(e)

1,106‌

82‌

Nintendo

Co

Ltd

1,400‌

569‌

$

789‌

Transportation

-

0.71%

Aurizon

Holdings

Ltd

38,828‌

123‌

Canadian

National

Railway

Co

7,223‌

622‌

Canadian

Pacific

Railway

Ltd

400‌

100‌

Central

Japan

Railway

Co

1,800‌

309‌

CH

Robinson

Worldwide

Inc

(e)

904‌

73‌

CSX

Corp

(e)

6,273‌

449‌

Deutsche

Post

AG

(d)

26,719‌

837‌

Expeditors

International

of

Washington

Inc

(e)

12,765‌

976‌

Hub

Group

Inc

(d)

1,729‌

81‌

Norfolk

Southern

Corp

2,509‌

447‌

Old

Dominion

Freight

Line

Inc

902‌

154‌

Seibu

Holdings

Inc

22,900‌

299‌

Union

Pacific

Corp

(e)

6,658‌

1,131‌

$

5,601‌

Water

-

0.04%

Severn

Trent

PLC

6,404‌

194‌

Veolia

Environnement

SA

6,990‌

154‌

$

348‌

TOTAL

COMMON

STOCKS

$

324,090‌

CONVERTIBLE

PREFERRED

STOCKS

-

0.13%

Shares

Held

Value

(000's)

Agriculture

-

0.08%

Bunge

Ltd

4.88%

(j)

6,930‌

$

638‌

Banks

-

0.01%

Bank

of

America

Corp

7.25%

(j)

38‌

52‌

Electric

-

0.01%

NextEra

Energy

Inc

5.28%,

03/01/2023

1,526‌

68‌

Hand

&

Machine

Tools

-

0.00%

Stanley

Black

&

Decker

Inc

5.25%,

11/15/2022

462‌

38‌

Internet

-

0.02%

Airbnb

Inc

-

Series

E

0.00%

(d),(f),(g),(h)

1,685‌

119‌

Oil

&

Gas

-

0.00%

Chesapeake

Energy

Corp

5.75%

(j)

355‌

3‌

Pipelines

-

0.00%

El

Paso

Energy

Capital

Trust

I

4.75%,

03/31/2028

452‌

21‌

Retail

-

0.01%

Jand

Inc

0.00%

(d),(f),(g),(h)

3,781‌

63‌

TOTAL

CONVERTIBLE

PREFERRED

STOCKS

$

1,002‌

PREFERRED

STOCKS

-

0.42%

Shares

Held

Value

(000's)

Automobile

Manufacturers

-

0.02%

Volkswagen

AG

0.00%

(d)

1,249‌

185‌

Chemicals

-

0.01%

FUCHS

PETROLUB

SE

0.97%

2,500‌

100‌

Internet

-

0.00%

Veracode

Inc

0.00%

(d),(f),(g),(h)

6,031‌

3‌

Pipelines

-

0.33%

Southcross

Energy

Series

A

0.00%

(d),(f),(g)

2,399,339‌

1,656‌

Southcross

Energy

Series

B

0.00%

(d),(f),(g)

703,849‌

950‌

$

2,606‌

Private

Equity

-

0.03%

Forward

Venture

Services

LLC

0.00%

(d),(f),(g),(h)

32,815‌

243‌

Real

Estate

-

0.01%

WE

Company

Preferred

D-1

0.00%

(d),(f),(g),(h)

4,867‌

38‌

WE

Company

Preferred

D-2

0.00%

(d),(f),(g),(h)

3,824‌

30‌

$

68‌

Software

-

0.02%

Marklogic

Corp

0.00%

(d),(f),(g),(h)

14,832‌

124‌

TOTAL

PREFERRED

STOCKS

$

3,329‌

BONDS

-

37.82%

Principal

Amount

(000's)

Value

(000's)

Advertising

-

0.04%

Lamar

Media

Corp

3.75%,

02/15/2028

(i)

$

50‌

$

49‌

4.00%,

02/15/2030

(i)

100‌

96‌

5.00%,

05/01/2023

100‌

100‌

Outfront

Media

Capital

LLC

/

Outfront

Media

Capital

Corp

4.63%,

03/15/2030

(i)

120‌

110‌

$

355‌

Aerospace

&

Defense

-

0.43%

Boeing

Co/The

2.25%,

06/15/2026

195‌

181‌

2.95%,

02/01/2030

85‌

80‌

3.10%,

05/01/2026

10‌

10‌

3.25%,

02/01/2035

25‌

22‌

3.38%,

06/15/2046

25‌

19‌

3.50%,

03/01/2039

65‌

55‌

3.55%,

03/01/2038

30‌

25‌

3.63%,

03/01/2048

35‌

29‌

3.65%,

03/01/2047

5‌

4‌

3.75%,

02/01/2050

90‌

78‌

3.85%,

11/01/2048

40‌

34‌

3.95%,

08/01/2059

60‌

55‌

5.15%,

05/01/2030

380‌

407‌

5.81%,

05/01/2050

380‌

431‌

Embraer

Netherlands

Finance

BV

5.05%,

06/15/2025

240‌

218‌

5.40%,

02/01/2027

130‌

118‌

Leonardo

US

Holdings

Inc

6.25%,

01/15/2040

(i)

716‌

780‌

Spirit

AeroSystems

Inc

4.60%,

06/15/2028

35‌

28‌

7.50%,

04/15/2025

(i)

310‌

308‌

TransDigm

Inc

5.50%,

11/15/2027

(i)

15‌

14‌

6.25%,

03/15/2026

(i)

441‌

451‌

$

3,347‌

Agriculture

-

0.16%

JBS

Investments

II

GmbH

7.00%,

01/15/2026

(i)

1,200‌

1,276‌

Airlines

-

0.11%

Latam

Airlines

2015-1

Pass

Through

Trust

B

4.50%,

08/15/2025

454‌

273‌

United

Airlines

2019-2

Class

B

Pass

Through

Trust

3.50%,

11/01/2029

925‌

598‌

$

871‌

Apparel

-

0.03%

Levi

Strauss

&

Co

5.00%,

05/01/2025

(i)

245‌

250‌

Automobile

Asset

Backed

Securities

-

1.06%

Americredit

Automobile

Receivables

Trust

2018-2

4.01%,

07/18/2024

550‌

556‌

Americredit

Automobile

Receivables

Trust

2018-3

0.43%,

01/18/2022

48‌

48‌

1.00

x

1

Month

USD

LIBOR

+

0.25%

4.04%,

11/18/2024

670‌

690‌

Avid

Automobile

Receivables

Trust

2019-1

3.14%,

07/15/2026

(i)

150‌

148‌

CarMax

Auto

Owner

Trust

2018-1

3.37%,

07/15/2024

25‌

24‌

CarMax

Auto

Owner

Trust

2018-2

3.99%,

04/15/2025

320‌

324‌

Carmax

Auto

Owner

Trust

2018-4

4.15%,

04/15/2025

205‌

202‌

Carmax

Auto

Owner

Trust

2020-1

2.64%,

07/15/2026

175‌

166‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

76

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Automobile

Asset

Backed

Securities

(continued)

Chesapeake

Funding

II

LLC

3.57%,

04/15/2030

(i)

$

175‌

$

178‌

3.71%,

05/15/2029

(i)

130‌

131‌

3.92%,

04/15/2030

(i)

455‌

466‌

CIG

AUTO

RECEIVABLES

TRUST

2017-1

2.71%,

05/15/2023

(i)

8‌

8‌

CPS

Auto

Receivables

Trust

2018-A

3.05%,

12/15/2023

(i)

105‌

105‌

CPS

Auto

Receivables

Trust

2018-D

3.83%,

09/15/2023

(i)

330‌

335‌

Drive

Auto

Receivables

Trust

2018-5

4.30%,

04/15/2026

420‌

425‌

Drive

Auto

Receivables

Trust

2019-1

4.09%,

06/15/2026

260‌

262‌

DT

Auto

Owner

Trust

2018-2

4.15%,

03/15/2024

(i)

290‌

296‌

First

Investors

Auto

Owner

Trust

2019-2

2.80%,

12/15/2025

(i)

75‌

72‌

3.88%,

01/15/2026

(i)

175‌

169‌

Flagship

Credit

Auto

Trust

2019-2

3.53%,

05/15/2025

(i)

520‌

497‌

GLS

Auto

Receivables

Issuer

Trust

2019-2

3.54%,

02/18/2025

(i)

785‌

760‌

Hertz

Vehicle

Financing

II

LP

3.29%,

10/25/2023

(i)

315‌

300‌

Motor

2017-1

PLC

0.70%,

09/25/2024

(i)

63‌

62‌

1.00

x

1

Month

USD

LIBOR

+

0.53%

Prestige

Auto

Receivables

Trust

2016-1

5.15%,

11/15/2021

(i)

815‌

820‌

Prestige

Auto

Receivables

Trust

2019-1

3.90%,

05/15/2026

(i)

145‌

126‌

Santander

Drive

Auto

Receivables

Trust

2019-2

3.22%,

07/15/2025

655‌

653‌

Santander

Drive

Auto

Receivables

Trust

2020-1

5.35%,

03/15/2028

380‌

390‌

Tidewater

Auto

Receivables

Trust

2018-A

4.30%,

11/15/2024

(i)

100‌

96‌

$

8,309‌

Automobile

Floor

Plan

Asset

Backed

Securities

-

0.03%

Navistar

Financial

Dealer

Note

Master

Owner

Trust

II

0.80%,

09/25/2023

(i)

205‌

202‌

1.00

x

1

Month

USD

LIBOR

+

0.63%

Automobile

Manufacturers

-

0.20%

FCE

Bank

PLC

0.87%,

09/13/2021

EUR

395‌

417‌

1.88%,

06/24/2021

280‌

301‌

Ford

Motor

Co

8.50%,

04/21/2023

$

185‌

192‌

9.00%,

04/22/2025

220‌

230‌

9.63%,

04/22/2030

50‌

56‌

General

Motors

Co

6.80%,

10/01/2027

320‌

365‌

$

1,561‌

Banks

-

1.13%

Banco

Hipotecario

SA

32.50%,

11/07/2022

(i)

ARS

10,245‌

124‌

Argentina

Deposit

Rates

Badlar

Private

Banks

ARS

30

to

35

Days

+

4.00%

Banco

Macro

SA

17.50%,

05/08/2022

(i)

5,115‌

43‌

Banco

Mercantil

del

Norte

SA/Grand

Cayman

6.75%,

12/31/2049

(j),(k)

$

550‌

520‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.97%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Banco

Supervielle

SA

24.83%,

08/09/2020

(i)

ARS

5,500‌

$

73‌

Argentina

Deposit

Rates

Badlar

Private

Banks

ARS

30

to

35

Days

+

4.50%

Bancolombia

SA

4.63%,

12/18/2029

(k)

$

1,500‌

1,346‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.94%

Danske

Bank

A/S

3.24%,

12/20/2025

(i),(k)

200‌

204‌

3

Month

USD

LIBOR

+

1.59%

Financiera

de

Desarrollo

Territorial

SA

Findeter

7.88%,

08/12/2024

(i)

COP

3,380,000‌

958‌

International

Bank

of

Azerbaijan

OJSC

3.50%,

09/01/2024

$

2,000‌

1,765‌

JPMorgan

Chase

&

Co

4.49%,

03/24/2031

(k)

780‌

927‌

United

States

Secured

Overnight

Financing

Rate

+

3.79%

Kreditanstalt

fuer

Wiederaufbau

1.38%,

08/05/2024

1,387‌

1,439‌

Morgan

Stanley

5.60%,

03/24/2051

(k)

285‌

410‌

United

States

Secured

Overnight

Financing

Rate

+

4.84%

MUFG

Union

Bank

NA

0.84%,

12/09/2022

750‌

744‌

United

States

Secured

Overnight

Financing

Rate

+

0.71%

Standard

Chartered

PLC

4.64%,

04/01/2031

(i),(k)

295‌

329‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.85%

$

8,882‌

Beverages

-

0.11%

Anheuser-Busch

Cos

LLC

/

Anheuser-Busch

InBev

Worldwide

Inc

4.90%,

02/01/2046

615‌

712‌

Anheuser-Busch

InBev

Worldwide

Inc

4.60%,

04/15/2048

120‌

134‌

$

846‌

Building

Materials

-

0.12%

Builders

FirstSource

Inc

6.75%,

06/01/2027

(i)

225‌

237‌

Carrier

Global

Corp

2.72%,

02/15/2030

(i)

400‌

380‌

3.58%,

04/05/2050

(i)

270‌

240‌

Vulcan

Materials

Co

3.50%,

06/01/2030

95‌

99‌

$

956‌

Chemicals

-

0.24%

Braskem

Netherlands

Finance

BV

4.50%,

01/31/2030

(i)

200‌

175‌

MEGlobal

Canada

ULC

5.00%,

05/18/2025

(i)

1,700‌

1,734‌

$

1,909‌

Commercial

Mortgage

Backed

Securities

-

4.00%

Banc

of

America

Commercial

Mortgage

Trust

2015-UBS7

3.17%,

09/15/2048

531‌

348‌

COMM

2012-LC4

Mortgage

Trust

5.54%,

12/10/2044

(l)

10‌

8‌

COMM

2014-CCRE18

Mortgage

Trust

3.60%,

07/15/2047

(i)

1,925‌

1,246‌

COMM

2015-CCRE25

Mortgage

Trust

3.79%,

08/10/2048

(l)

2,280‌

1,557‌

COMM

2015-CCRE27

Mortgage

Trust

3.25%,

10/10/2048

(i)

2,800‌

1,757‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

77

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Mortgage

Backed

Securities

(continued)

COMM

2015-LC21

Mortgage

Trust

1.09%,

07/10/2048

(i),(l),(m)

$

10,000‌

$

490‌

1.09%,

07/10/2048

(i),(l),(m)

3,125‌

148‌

3.25%,

07/10/2048

(i)

1,012‌

486‌

COMM

2016-CR28

Mortgage

Trust

3.25%,

02/10/2049

(i)

850‌

399‌

Credit

Suisse

Commercial

Mortgage

Securities

Corp

2019-SLKZ

3.78%,

01/15/2034

(i)

155‌

135‌

1.00

x

1

Month

USD

LIBOR

+

3.60%

Csail

2015-C2

Commercial

Mortgage

Trust

4.19%,

06/15/2057

(l)

960‌

539‌

4.19%,

06/15/2057

(l)

2,184‌

1,160‌

CSAIL

2015-C3

Commercial

Mortgage

Trust

3.35%,

08/15/2048

(l)

1,690‌

1,135‌

CSMC

2014-USA

OA

LLC

4.37%,

09/15/2037

(i)

1,055‌

769‌

GS

Mortgage

Securities

Corp

II

4.41%,

07/10/2051

(i),(l)

635‌

271‌

GS

Mortgage

Securities

Trust

2014-GC20

4.96%,

04/10/2047

(i),(l)

1,820‌

1,429‌

GS

Mortgage

Securities

Trust

2015-GC32

4.43%,

07/10/2048

(i),(l)

2,476‌

1,092‌

HPLY

Trust

2019-HIT

1.78%,

11/15/2036

(i)

254‌

222‌

1.00

x

1

Month

USD

LIBOR

+

1.60%

JPMBB

Commercial

Mortgage

Securities

Trust

2013-C12

4.10%,

07/15/2045

(i),(l)

932‌

640‌

JPMBB

Commercial

Mortgage

Securities

Trust

2014-C21

3.90%,

08/15/2047

(i),(l)

1,120‌

679‌

JPMBB

Commercial

Mortgage

Securities

Trust

2014-C26

4.00%,

01/15/2048

(i)

1,300‌

739‌

JPMBB

Commercial

Mortgage

Securities

Trust

2015-C29

3.70%,

05/15/2048

(l),(n)

2,735‌

1,547‌

3.90%,

05/15/2048

(i),(l)

2,160‌

1,121‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2013-C12

3.71%,

10/15/2046

(i)

1,275‌

813‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2015-C25

4.53%,

10/15/2048

(i),(l)

350‌

209‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2017-C34

0.88%,

11/15/2052

(i),(l),(m)

3,150‌

160‌

Morgan

Stanley

Capital

I

Trust

2011-C2

5.48%,

06/15/2044

(i),(l)

475‌

307‌

5.48%,

06/15/2044

(i),(l)

160‌

94‌

Motel

6

Trust

2017-M6MZ

7.11%,

08/15/2024

(i)

912‌

704‌

1.00

x

1

Month

USD

LIBOR

+

6.93%

SG

Commercial

Mortgage

Securities

Trust

2016-C5

2.54%,

10/10/2048

(i)

1,665‌

828‌

Starwood

Retail

Property

Trust

2014-STAR

2.93%,

11/15/2027

(i)

170‌

113‌

1.00

x

1

Month

USD

LIBOR

+

2.75%

4.58%,

11/15/2027

(i)

645‌

223‌

1.00

x

1

Month

USD

LIBOR

+

4.40%

Wells

Fargo

Commercial

Mortgage

Trust

2015-C26

3.25%,

02/15/2048

(i)

1,981‌

1,087‌

Wells

Fargo

Commercial

Mortgage

Trust

2015-C28

3.00%,

05/15/2048

(i)

1,794‌

644‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Mortgage

Backed

Securities

(continued)

Wells

Fargo

Commercial

Mortgage

Trust

2015-LC22

3.36%,

09/15/2058

(i)

$

260‌

$

128‌

Wells

Fargo

Commercial

Mortgage

Trust

2015-NXS1

2.88%,

05/15/2048

(i),(l)

1,485‌

895‌

Wells

Fargo

Commercial

Mortgage

Trust

2016-NXS6

2.00%,

11/15/2049

(i),(l),(m)

7,575‌

670‌

Wells

Fargo

Commercial

Mortgage

Trust

2019-JWDR

3.14%,

09/15/2031

(i),(l)

650‌

592‌

WF-RBS

Commercial

Mortgage

Trust

2011-C2

5.66%,

02/15/2044

(i),(l)

115‌

84‌

WFRBS

Commercial

Mortgage

Trust

2011-C3

5.68%,

03/15/2044

(i),(l)

350‌

150‌

WFRBS

Commercial

Mortgage

Trust

2011-C4

5.22%,

06/15/2044

(i),(l)

845‌

640‌

WFRBS

Commercial

Mortgage

Trust

2012-C6

5.58%,

04/15/2045

(i),(l)

500‌

450‌

WFRBS

Commercial

Mortgage

Trust

2012-C7

4.81%,

06/15/2045

(l)

80‌

53‌

4.81%,

06/15/2045

(i),(l)

225‌

90‌

WFRBS

Commercial

Mortgage

Trust

2014-C20

3.99%,

05/15/2047

(i)

267‌

174‌

WFRBS

Commercial

Mortgage

Trust

2014-C21

3.49%,

08/15/2047

(i)

1,030‌

609‌

3.50%,

08/15/2047

(i),(n)

4,515‌

3,006‌

WFRBS

Commercial

Mortgage

Trust

2014-LC14

3.50%,

03/15/2047

(i),(l)

1,300‌

801‌

$

31,441‌

Commercial

Services

-

0.20%

APX

Group

Inc

6.75%,

02/15/2027

(i)

1,000‌

941‌

United

Rentals

North

America

Inc

4.00%,

07/15/2030

630‌

614‌

$

1,555‌

Consumer

Products

-

0.12%

Kronos

Acquisition

Holdings

Inc

9.00%,

08/15/2023

(i)

1,000‌

973‌

Credit

Card

Asset

Backed

Securities

-

0.03%

Genesis

Sales

Finance

Master

Trust

Series

2019-A

4.68%,

08/20/2023

(i)

255‌

250‌

Diversified

Financial

Services

-

0.93%

AerCap

Ireland

Capital

DAC

/

AerCap

Global

Aviation

Trust

3.65%,

07/21/2027

150‌

125‌

3.88%,

01/23/2028

150‌

124‌

Aircastle

Ltd

4.25%,

06/15/2026

945‌

747‌

Ally

Financial

Inc

3.88%,

05/21/2024

35‌

35‌

4.63%,

03/30/2025

40‌

41‌

5.75%,

11/20/2025

240‌

250‌

5.80%,

05/01/2025

285‌

313‌

Jefferies

Group

LLC

5.13%,

01/20/2023

300‌

323‌

Navient

Corp

5.00%,

03/15/2027

345‌

295‌

5.88%,

10/25/2024

15‌

14‌

6.13%,

03/25/2024

5‌

5‌

6.50%,

06/15/2022

5‌

5‌

6.75%,

06/15/2026

15‌

14‌

7.25%,

01/25/2022

20‌

20‌

7.25%,

09/25/2023

50‌

48‌

Power

Finance

Corp

Ltd

5.25%,

08/10/2028

2,740‌

2,820‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

78

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Diversified

Financial

Services

(continued)

Quicken

Loans

LLC

5.25%,

01/15/2028

(i)

$

685‌

$

691‌

5.75%,

05/01/2025

(i)

105‌

107‌

Springleaf

Finance

Corp

5.38%,

11/15/2029

130‌

115‌

6.63%,

01/15/2028

30‌

29‌

6.88%,

03/15/2025

5‌

5‌

7.13%,

03/15/2026

425‌

419‌

8.88%,

06/01/2025

85‌

88‌

Unifin

Financiera

SAB

de

CV

7.25%,

09/27/2023

815‌

664‌

$

7,297‌

Electric

-

0.67%

Adani

Electricity

Mumbai

Ltd

3.95%,

02/12/2030

(i)

1,800‌

1,654‌

AES

Corp/The

3.95%,

07/15/2030

(i)

115‌

116‌

4.50%,

03/15/2023

5‌

5‌

4.88%,

05/15/2023

10‌

10‌

5.13%,

09/01/2027

115‌

122‌

5.50%,

04/15/2025

40‌

41‌

6.00%,

05/15/2026

15‌

16‌

Enel

SpA

8.75%,

09/24/2073

(i),(k)

320‌

363‌

USD

Swap

Semi-Annual

5

Year

+

5.88%

GenOn

Energy

Inc

-

Escrow

0.00%,

10/15/2018

(d),(f),(g)

6,993‌

—‌

0.00%,

10/15/2020

(d),(f),(g)

6,143‌

—‌

IPALCO

Enterprises

Inc

4.25%,

05/01/2030

(i)

30‌

32‌

NRG

Energy

Inc

4.45%,

06/15/2029

(i)

130‌

140‌

5.25%,

06/15/2029

(i)

60‌

65‌

5.75%,

01/15/2028

130‌

141‌

Pacific

Gas

and

Electric

Co

0.00%,

03/01/2034

(d),(e)

1,000‌

1,140‌

Vistra

Operations

Co

LLC

3.70%,

01/30/2027

(i)

1,285‌

1,305‌

4.30%,

07/15/2029

(i)

110‌

114‌

$

5,264‌

Engineering

&

Construction

-

0.15%

GMR

Hyderabad

International

Airport

Ltd

5.38%,

04/10/2024

270‌

240‌

IHS

Netherlands

Holdco

BV

7.13%,

03/18/2025

(i)

265‌

258‌

PowerTeam

Services

LLC

9.03%,

12/04/2025

(i)

650‌

658‌

$

1,156‌

Entertainment

-

0.16%

AMC

Entertainment

Holdings

Inc

10.50%,

04/15/2025

(i)

66‌

58‌

Resorts

World

Las

Vegas

LLC

/

RWLV

Capital

Inc

4.63%,

04/16/2029

(i)

1,300‌

1,226‌

$

1,284‌

Food

-

0.54%

Albertsons

Cos

Inc

/

Safeway

Inc

/

New

Albertsons

LP

/

Albertsons

LLC

5.75%,

03/15/2025

290‌

298‌

JBS

USA

LUX

SA

/

JBS

USA

Food

Co

/

JBS

USA

Finance

Inc

5.50%,

01/15/2030

(i)

65‌

68‌

Kraft

Heinz

Foods

Co

4.38%,

06/01/2046

170‌

160‌

4.88%,

10/01/2049

(i)

570‌

567‌

5.00%,

06/04/2042

85‌

87‌

5.20%,

07/15/2045

175‌

180‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Food

(continued)

Lamb

Weston

Holdings

Inc

4.88%,

05/15/2028

(i)

$

80‌

$

84‌

MARB

BondCo

PLC

7.00%,

03/15/2024

2,500‌

2,506‌

NBM

US

Holdings

Inc

7.00%,

05/14/2026

(i)

320‌

322‌

$

4,272‌

Healthcare

-

Products

-

0.01%

Ortho-Clinical

Diagnostics

Inc

/

Ortho-Clinical

Diagnostics

SA

7.38%,

06/01/2025

(i),(o)

66‌

67‌

Healthcare

-

Services

-

0.31%

Centene

Corp

4.63%,

12/15/2029

35‌

38‌

Encompass

Health

Corp

4.75%,

02/01/2030

45‌

46‌

Hadrian

Merger

Sub

Inc

8.50%,

05/01/2026

(i)

971‌

820‌

HCA

Inc

3.50%,

09/01/2030

190‌

187‌

IQVIA

Inc

5.00%,

05/15/2027

(i)

200‌

208‌

Rede

D'or

Finance

Sarl

4.50%,

01/22/2030

(i)

660‌

553‌

Tenet

Healthcare

Corp

5.13%,

05/01/2025

620‌

629‌

$

2,481‌

Home

Builders

-

0.04%

Lennar

Corp

4.75%,

11/29/2027

160‌

174‌

4.88%,

12/15/2023

35‌

37‌

5.00%,

06/15/2027

5‌

5‌

PulteGroup

Inc

4.25%,

03/01/2021

100‌

102‌

$

318‌

Insurance

-

0.09%

American

International

Group

Inc

4.38%,

06/30/2050

625‌

698‌

Internet

-

0.41%

Booking

Holdings

Inc

4.50%,

04/13/2027

245‌

272‌

4.63%,

04/13/2030

400‌

458‌

eBay

Inc

4.00%,

07/15/2042

35‌

37‌

Expedia

Group

Inc

3.25%,

02/15/2030

420‌

370‌

6.25%,

05/01/2025

(i)

520‌

555‌

7.00%,

05/01/2025

(i)

265‌

284‌

Uber

Technologies

Inc

7.50%,

05/15/2025

(i)

40‌

40‌

7.50%,

09/15/2027

(i)

600‌

609‌

8.00%,

11/01/2026

(i)

575‌

583‌

$

3,208‌

Investment

Companies

-

0.17%

Ares

Capital

Corp

3.25%,

07/15/2025

750‌

681‌

Icahn

Enterprises

LP

/

Icahn

Enterprises

Finance

Corp

4.75%,

09/15/2024

90‌

87‌

5.25%,

05/15/2027

235‌

224‌

6.25%,

05/15/2026

325‌

327‌

$

1,319‌

Iron

&

Steel

-

0.07%

ABJA

Investment

Co

Pte

Ltd

5.45%,

01/24/2028

210‌

187‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

79

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Iron

&

Steel

(continued)

Steel

Dynamics

Inc

3.45%,

04/15/2030

$

370‌

$

366‌

$

553‌

Leisure

Products

&

Services

-

0.31%

Constellation

Merger

Sub

Inc

8.50%,

09/15/2025

(i)

2,449‌

1,690‌

Royal

Caribbean

Cruises

Ltd

10.88%,

06/01/2023

(i)

132‌

138‌

11.50%,

06/01/2025

(i)

368‌

390‌

Sabre

GLBL

Inc

9.25%,

04/15/2025

(i)

30‌

32‌

Viking

Cruises

Ltd

13.00%,

05/15/2025

(i)

198‌

214‌

$

2,464‌

Lodging

-

0.24%

Boyd

Gaming

Corp

4.75%,

12/01/2027

(i)

430‌

396‌

Hyatt

Hotels

Corp

5.38%,

04/23/2025

45‌

47‌

5.75%,

04/23/2030

80‌

84‌

Marriott

International

Inc/MD

1.65%,

03/08/2021

845‌

822‌

3

Month

USD

LIBOR

+

0.65%

2.13%,

10/03/2022

455‌

441‌

4.63%,

06/15/2030

(o)

85‌

87‌

5.75%,

05/01/2025

5‌

6‌

$

1,883‌

Media

-

0.81%

Block

Communications

Inc

4.88%,

03/01/2028

(i)

95‌

94‌

CCO

Holdings

LLC

/

CCO

Holdings

Capital

Corp

4.50%,

08/15/2030

(i)

190‌

197‌

4.50%,

05/01/2032

(i)

20‌

21‌

5.38%,

06/01/2029

(i)

35‌

38‌

Cengage

Learning

Inc

9.50%,

06/15/2024

(i)

1,161‌

784‌

Clear

Channel

Worldwide

Holdings

Inc

5.13%,

08/15/2027

(i)

295‌

295‌

CSC

Holdings

LLC

6.50%,

02/01/2029

(i)

200‌

221‌

7.75%,

07/15/2025

(i)

200‌

209‌

iHeartCommunications

Inc

4.75%,

01/15/2028

(i)

320‌

307‌

5.25%,

08/15/2027

(i)

260‌

255‌

6.38%,

05/01/2026

100‌

105‌

8.38%,

05/01/2027

285‌

266‌

NBCUniversal

Enterprise

Inc

5.25%,

12/31/2099

(i),(j)

1,205‌

1,217‌

Sirius

XM

Radio

Inc

4.63%,

07/15/2024

(i)

30‌

31‌

5.00%,

08/01/2027

(i)

160‌

167‌

5.38%,

04/15/2025

(i)

30‌

31‌

5.38%,

07/15/2026

(i)

60‌

62‌

5.50%,

07/01/2029

(i)

15‌

16‌

ViacomCBS

Inc

4.20%,

06/01/2029

75‌

80‌

4.20%,

05/19/2032

468‌

489‌

4.38%,

03/15/2043

115‌

110‌

4.90%,

08/15/2044

30‌

30‌

4.95%,

01/15/2031

485‌

534‌

4.95%,

05/19/2050

173‌

178‌

5.85%,

09/01/2043

35‌

38‌

Virgin

Media

Secured

Finance

PLC

5.50%,

08/15/2026

(i)

200‌

208‌

Ziggo

BV

4.88%,

01/15/2030

(i)

215‌

221‌

5.50%,

01/15/2027

(i)

150‌

158‌

$

6,362‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Mining

-

0.39%

First

Quantum

Minerals

Ltd

6.88%,

03/01/2026

(i)

$

405‌

$

361‌

7.50%,

04/01/2025

(i)

200‌

182‌

Freeport-McMoRan

Inc

3.88%,

03/15/2023

30‌

30‌

4.13%,

03/01/2028

140‌

136‌

4.25%,

03/01/2030

105‌

102‌

5.00%,

09/01/2027

20‌

20‌

Indonesia

Asahan

Aluminium

Persero

PT

4.75%,

05/15/2025

(i)

2,000‌

2,080‌

Newcrest

Finance

Pty

Ltd

3.25%,

05/13/2030

(i)

135‌

141‌

$

3,052‌

Miscellaneous

Manufacturers

-

0.12%

FXI

Holdings

Inc

7.88%,

11/01/2024

(i),(n)

1,162‌

962‌

Mortgage

Backed

Securities

-

3.34%

Alternative

Loan

Trust

2003-22CB

5.75%,

12/25/2033

91‌

95‌

Alternative

Loan

Trust

2004-16CB

5.50%,

07/25/2034

67‌

69‌

5.50%,

08/25/2034

76‌

79‌

Alternative

Loan

Trust

2004-J10

6.00%,

09/25/2034

166‌

174‌

Alternative

Loan

Trust

2005-J1

5.50%,

02/25/2025

72‌

73‌

Banc

of

America

Alternative

Loan

Trust

2003-8

5.50%,

10/25/2033

69‌

69‌

Banc

of

America

Funding

2005-7

Trust

5.75%,

11/25/2035

66‌

69‌

Banc

of

America

Funding

2007-4

Trust

5.50%,

11/25/2034

84‌

81‌

Banc

of

America

Mortgage

2005-A

Trust

3.67%,

02/25/2035

(l)

25‌

23‌

CHL

Mortgage

Pass-Through

Trust

2004-HYB4

4.09%,

09/20/2034

(l)

30‌

28‌

Citigroup

Mortgage

Loan

Trust

2018-A

4.00%,

01/25/2068

(i),(l)

226‌

224‌

Citigroup

Mortgage

Loan

Trust

2018-C

4.13%,

03/25/2059

(i),(l)

507‌

500‌

Citigroup

Mortgage

Loan

Trust

2019-B

3.26%,

04/25/2066

(i),(l)

332‌

326‌

Connecticut

Avenue

Securities

Trust

2019-R04

5.42%,

06/25/2039

(i)

280‌

207‌

1.00

x

1

Month

USD

LIBOR

+

5.25%

Connecticut

Avenue

Securities

Trust

2019-R07

3.57%,

10/25/2039

(i)

2,000‌

1,434‌

1.00

x

1

Month

USD

LIBOR

+

3.40%

Connecticut

Avenue

Securities

Trust

2020-R01

2.22%,

01/25/2040

(i)

155‌

139‌

1.00

x

1

Month

USD

LIBOR

+

2.05%

3.42%,

01/25/2040

(i)

260‌

130‌

1.00

x

1

Month

USD

LIBOR

+

3.25%

Connecticut

Avenue

Securities

Trust

2020-SBT1

3.82%,

02/25/2040

(i)

295‌

226‌

1.00

x

1

Month

USD

LIBOR

+

3.65%

3.82%,

02/25/2040

(i)

365‌

251‌

1.00

x

1

Month

USD

LIBOR

+

3.65%

CSFB

Mortgage-Backed

Pass-Through

Certificates

Series

2003-27

5.75%,

11/25/2033

37‌

39‌

CSMC

2018-RPL2

Trust

4.03%,

08/25/2062

(i),(l)

547‌

508‌

CSMC

2019-RP10

Trust

3.16%,

12/26/2059

(i),(l)

291‌

293‌

DSLA

Mortgage

Loan

Trust

2005-AR5

0.50%,

09/19/2045

129‌

94‌

1.00

x

1

Month

USD

LIBOR

+

0.33%

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

80

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Mortgage

Backed

Securities

(continued)

Dukinfield

II

PLC

1.79%,

12/20/2052

GBP

278‌

$

341‌

1.00

x

3

Month

GBP

LIBOR

+

1.25%

Fannie

Mae

Connecticut

Avenue

Securities

2.37%,

01/25/2030

$

36‌

35‌

1.00

x

1

Month

USD

LIBOR

+

2.20%

2.57%,

05/25/2030

148‌

145‌

1.00

x

1

Month

USD

LIBOR

+

2.40%

4.42%,

01/25/2031

4,451‌

3,694‌

1.00

x

1

Month

USD

LIBOR

+

4.25%

5.02%,

10/25/2029

1,320‌

1,152‌

1.00

x

1

Month

USD

LIBOR

+

4.85%

5.92%,

07/25/2029

1,215‌

1,106‌

1.00

x

1

Month

USD

LIBOR

+

5.75%

Fannie

Mae

REMICS

5.93%,

05/25/2047

(m)

1,863‌

425‌

(1.00)

x

1

Month

USD

LIBOR

+

6.10%

6.03%,

12/25/2045

(m)

1,114‌

256‌

(1.00)

x

1

Month

USD

LIBOR

+

6.20%

Freddie

Mac

STACR

2019-HQA3

7.67%,

09/25/2049

(i)

240‌

106‌

1.00

x

1

Month

USD

LIBOR

+

7.50%

Freddie

Mac

Stacr

Remic

Trust

2019-Hqa4

6.77%,

11/25/2049

(i)

530‌

204‌

1.00

x

1

Month

USD

LIBOR

+

6.60%

Freddie

Mac

Stacr

Remic

Trust

2020-DNA1

5.42%,

01/25/2050

(i)

350‌

129‌

1.00

x

1

Month

USD

LIBOR

+

5.25%

Freddie

Mac

STACR

Remic

Trust

2020-DNA2

4.97%,

02/25/2050

(i)

470‌

235‌

1.00

x

1

Month

USD

LIBOR

+

4.80%

Freddie

Mac

STACR

REMIC

Trust

2020-HQA1

5.27%,

01/25/2050

(i)

220‌

76‌

1.00

x

1

Month

USD

LIBOR

+

5.10%

Freddie

Mac

Stacr

Remic

Trust

2020-HQA2

3.27%,

03/25/2050

(i)

660‌

559‌

1.00

x

1

Month

USD

LIBOR

+

3.10%

4.27%,

03/25/2050

(i)

660‌

379‌

1.00

x

1

Month

USD

LIBOR

+

4.10%

Freddie

Mac

STACR

Trust

2019-DNA4

6.42%,

10/25/2049

(i)

300‌

124‌

1.00

x

1

Month

USD

LIBOR

+

6.25%

Freddie

Mac

STACR

Trust

2019-HRP1

4.22%,

02/25/2049

(i)

270‌

152‌

1.00

x

1

Month

USD

LIBOR

+

4.05%

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

1.97%,

07/25/2030

24‌

22‌

1.00

x

1

Month

USD

LIBOR

+

1.80%

2.02%,

10/25/2027

150‌

150‌

1.00

x

1

Month

USD

LIBOR

+

1.85%

5.12%,

07/25/2029

2,689‌

2,312‌

1.00

x

1

Month

USD

LIBOR

+

4.95%

8.97%,

03/25/2028

4,458‌

3,515‌

1.00

x

1

Month

USD

LIBOR

+

8.80%

Grand

Avenue

Mortgage

Loan

Trust

2017-RPL1

3.25%,

08/25/2064

(i)

126‌

113‌

GSR

Mortgage

Loan

Trust

2005-4F

6.50%,

02/25/2035

39‌

39‌

IndyMac

INDX

Mortgage

Loan

Trust

2004-AR7

1.39%,

09/25/2034

122‌

107‌

1.00

x

1

Month

USD

LIBOR

+

1.22%

IndyMac

INDX

Mortgage

Loan

Trust

2005-AR11

3.57%,

08/25/2035

(l)

506‌

429‌

Lehman

XS

Trust

Series

2006-2N

0.43%,

02/25/2046

92‌

77‌

1.00

x

1

Month

USD

LIBOR

+

0.26%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Mortgage

Backed

Securities

(continued)

MASTR

Alternative

Loan

Trust

2003-9

5.25%,

11/25/2033

$

38‌

$

39‌

MASTR

Alternative

Loan

Trust

2004-5

5.50%,

06/25/2034

36‌

37‌

6.00%,

06/25/2034

42‌

44‌

MASTR

Alternative

Loan

Trust

2004-8

6.00%,

09/25/2034

224‌

232‌

Merrill

Lynch

Mortgage

Investors

Trust

Series

MLCC

2006-2

3.27%,

05/25/2036

(l)

14‌

14‌

RCO

V

Mortgage

LLC

2019-1

3.72%,

05/24/2024

(i),(l)

490‌

458‌

Residential

Asset

Securitization

Trust

2005-A8CB

5.38%,

07/25/2035

240‌

199‌

STACR

Trust

2018-HRP2

2.57%,

02/25/2047

(i)

2,390‌

2,051‌

1.00

x

1

Month

USD

LIBOR

+

2.40%

Structured

Adjustable

Rate

Mortgage

Loan

Trust

0.48%,

07/25/2035

564‌

404‌

1.00

x

1

Month

USD

LIBOR

+

0.31%

Toorak

Mortgage

Corp

2018-1

Ltd

4.34%,

08/25/2021

(i),(l)

1,880‌

1,779‌

$

26,270‌

Office

&

Business

Equipment

-

0.02%

CDW

LLC

/

CDW

Finance

Corp

4.13%,

05/01/2025

195‌

199‌

Oil

&

Gas

-

1.35%

Aker

BP

ASA

3.75%,

01/15/2030

(i)

505‌

463‌

Bellatrix

Exploration

Ltd

0.00%,

09/11/2023

(d),(f),(g)

236‌

—‌

0.00%,

PIK

0.00%,

12/15/2023

(d),(f),(g),(p)

257‌

—‌

Bruin

E&P

Partners

LLC

8.88%,

08/01/2023

(i)

675‌

7‌

California

Resources

Corp

0.00%,

12/15/2022

(d),(i)

795‌

13‌

Cobalt

International

Energy

Inc

0.00%,

12/01/2023

(d)

4,635‌

97‌

Diamond

Offshore

Drilling

Inc

0.00%,

10/15/2039

(d)

327‌

35‌

Diamondback

Energy

Inc

3.50%,

12/01/2029

105‌

102‌

Hess

Corp

5.60%,

02/15/2041

155‌

154‌

Occidental

Petroleum

Corp

2.70%,

08/15/2022

75‌

69‌

2.70%,

02/15/2023

20‌

17‌

2.90%,

08/15/2024

105‌

83‌

3.50%,

06/15/2025

35‌

27‌

5.55%,

03/15/2026

10‌

9‌

Odebrecht

Drilling

Norbe

VIII/IX

Ltd

6.35%,

12/01/2021

1,284‌

1,059‌

Odebrecht

Offshore

Drilling

Finance

Ltd

6.72%,

12/01/2022

612‌

474‌

OGX

Austria

GmbH

0.00%,

06/01/2018

(d),(i)

600‌

—‌

0.00%,

04/01/2022

(d),(i)

1,100‌

—‌

Petrobras

Global

Finance

BV

5.09%,

01/15/2030

1,025‌

977‌

6.00%,

01/27/2028

1,850‌

1,864‌

6.75%,

06/03/2050

(o)

750‌

734‌

7.25%,

03/17/2044

125‌

130‌

Petroleos

Mexicanos

5.95%,

01/28/2031

(i)

1,435‌

1,153‌

6.63%,

06/15/2035

630‌

505‌

6.84%,

01/23/2030

(i)

1,450‌

1,242‌

Petronas

Capital

Ltd

3.50%,

04/21/2030

(i)

1,050‌

1,150‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

81

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Oil

&

Gas

(continued)

Whiting

Petroleum

Corp

0.00%,

01/15/2026

(d)

$

175‌

$

20‌

YPF

SA

6.95%,

07/21/2027

(i)

240‌

147‌

7.28%,

07/07/2020

(i)

410‌

76‌

Argentina

Deposit

Rates

Badlar

Private

Banks

ARS

30

to

35

Days

+

4.00%

$

10,607‌

Other

Asset

Backed

Securities

-

5.43%

Accelerated

Assets

2018-1

LLC

4.51%,

12/02/2033

(i)

153‌

149‌

Adams

Outdoor

Advertising

LP

4.81%,

11/15/2048

(i)

754‌

748‌

AIG

CLO

2018-1

Ltd

7.59%,

01/20/2032

(i)

2,640‌

2,356‌

1.00

x

3

Month

USD

LIBOR

+

6.45%

AIM

Aviation

Finance

Ltd

5.07%,

02/15/2040

(i),(l)

675‌

168‌

Ajax

Mortgage

Loan

Trust

2017-B

3.16%,

09/25/2056

(i),(l)

266‌

261‌

Allegro

CLO

VI

Ltd

3.88%,

01/17/2031

(i)

250‌

215‌

1.00

x

3

Month

USD

LIBOR

+

2.75%

ALM

VII

R

Ltd

8.36%,

10/15/2028

(i)

2,000‌

1,719‌

1.00

x

3

Month

USD

LIBOR

+

7.14%

American

Homes

4

Rent

2014-SFR2

Trust

5.15%,

10/17/2036

(i)

280‌

297‌

6.23%,

10/17/2036

(i)

695‌

756‌

American

Homes

4

Rent

2014-SFR3

Trust

6.42%,

12/17/2036

(i)

900‌

987‌

American

Homes

4

Rent

2015-SFR1

5.64%,

04/17/2052

(i)

1,045‌

1,076‌

Anchorage

Capital

CLO

9

Ltd

5.22%,

07/15/2032

(i)

250‌

230‌

1.00

x

3

Month

USD

LIBOR

+

4.00%

Apidos

CLO

XXIII

3.60%,

04/15/2033

(i)

370‌

356‌

1.00

x

3

Month

USD

LIBOR

+

2.00%

ARES

LI

CLO

Ltd

3.92%,

04/15/2031

(i)

250‌

247‌

1.00

x

3

Month

USD

LIBOR

+

2.70%

ArrowMark

Colorado

Holdings

3.92%,

07/15/2029

(i)

250‌

242‌

1.00

x

3

Month

USD

LIBOR

+

2.70%

Ascentium

Equipment

Receivables

2017-2

Trust

2.87%,

08/10/2022

(i)

80‌

80‌

Avery

Point

VII

CLO

Ltd

7.82%,

01/15/2028

(i)

1,400‌

1,070‌

1.00

x

3

Month

USD

LIBOR

+

6.60%

Barings

Clo

Ltd

2019-IV

4.41%,

01/15/2033

(i)

250‌

247‌

1.00

x

3

Month

USD

LIBOR

+

2.80%

Bayview

Opportunity

Master

Fund

IVa

Trust

2019-RN2

3.97%,

03/28/2034

(i),(l)

40‌

40‌

BCC

Funding

XIV

LLC

6.00%,

04/21/2025

(i)

250‌

248‌

Blackbird

Capital

Aircraft

Lease

Securitization

Ltd

2016-1

4.21%,

12/16/2041

(i),(l)

203‌

156‌

5.68%,

12/16/2041

(i),(l)

565‌

308‌

BlueMountain

CLO

XXIV

Ltd

3.84%,

04/20/2031

(i)

250‌

243‌

1.00

x

3

Month

USD

LIBOR

+

2.70%

Bowman

Park

CLO

Ltd

5.76%,

11/23/2025

(i)

1,000‌

810‌

1.00

x

3

Month

USD

LIBOR

+

5.40%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Other

Asset

Backed

Securities

(continued)

Cairn

CLO

XI

DAC

6.77%,

07/15/2035

(i)

EUR

360‌

$

364‌

1.00

x

3

Month

Euro

Interbank

Offered

Rate

+

6.77%

Canyon

Capital

CLO

2019-2

Ltd

8.37%,

10/15/2032

(i)

$

250‌

211‌

1.00

x

3

Month

USD

LIBOR

+

7.15%

Carlyle

Global

Market

Strategies

Euro

CLO

2015-1

Ltd

3.40%,

01/16/2033

(i)

EUR

2,205‌

2,206‌

1.00

x

3

Month

Euro

Interbank

Offered

Rate

+

3.40%

5.50%,

01/16/2033

(i)

882‌

783‌

1.00

x

3

Month

Euro

Interbank

Offered

Rate

+

5.50%

CCG

Receivables

Trust

2018-1

3.42%,

06/16/2025

(i)

$

100‌

99‌

Coinstar

Funding

LLC

Series

2017-1

5.22%,

04/25/2047

(i)

674‌

648‌

Cole

Park

CLO

Ltd

2015-1

4.29%,

10/20/2028

(i)

255‌

234‌

1.00

x

3

Month

USD

LIBOR

+

3.15%

Colony

American

Finance

2015-1

Ltd

5.65%,

10/15/2047

(i)

550‌

557‌

Colony

American

Finance

2016-1

Ltd

4.64%,

06/15/2048

(i),(l)

260‌

259‌

DB

Master

Finance

LLC

4.35%,

05/20/2049

(i)

208‌

212‌

Diamond

Resorts

Owner

Trust

6.07%,

10/22/2029

(i)

73‌

72‌

Diamond

Resorts

Owner

Trust

2018-1

4.53%,

01/21/2031

(i)

256‌

245‌

Diamond

Resorts

Owner

Trust

2019-1

3.53%,

02/20/2032

(i)

255‌

243‌

Domino's

Pizza

Master

Issuer

LLC

4.12%,

07/25/2047

(i)

327‌

339‌

4.12%,

07/25/2048

(i)

49‌

51‌

Driven

Brands

Funding

LLC

4.74%,

04/20/2048

(i)

167‌

162‌

Dryden

33

Senior

Loan

Fund

8.19%,

04/15/2029

(i)

700‌

573‌

1.00

x

3

Month

USD

LIBOR

+

6.97%

Dryden

63

GBP

CLO

2018

BV

3.57%,

10/15/2032

(i)

GBP

2,060‌

2,453‌

1.00

x

3

Month

GBP

LIBOR

+

2.90%

5.17%,

10/15/2032

(i)

1,052‌

1,216‌

1.00

x

3

Month

GBP

LIBOR

+

4.50%

Fairstone

Financial

Issuance

Trust

I

3.95%,

03/21/2033

(i)

CAD

515‌

371‌

GCA2014

Holdings

Ltd

-

Class

C

6.00%,

01/05/2030

(f),(g),(i)

$

668‌

200‌

GCA2014

Holdings

Ltd

-

Class

D

7.50%,

01/05/2030

(f),(g),(i)

301‌

30‌

GCA2014

Holdings

Ltd

-

Class

E

0.00%,

01/05/2030

(d),(f),(g),(i)

1,030‌

—‌

Global

Container

Assets

Ltd

4.50%,

02/05/2030

(i)

217‌

213‌

Harbour

Aircraft

Investments

Ltd

8.00%,

11/15/2037

548‌

190‌

HPEFS

Equipment

Trust

2020-1

2.26%,

02/20/2030

(i)

115‌

109‌

Invitation

Homes

2018-SFR1

Trust

2.18%,

03/17/2037

(i)

470‌

446‌

1.00

x

1

Month

USD

LIBOR

+

2.00%

Invitation

Homes

2018-SFR2

Trust

2.18%,

06/17/2037

(i)

835‌

790‌

1.00

x

1

Month

USD

LIBOR

+

2.00%

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

82

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Other

Asset

Backed

Securities

(continued)

Invitation

Homes

2018-SFR4

Trust

1.83%,

01/17/2038

(i)

$

210‌

$

198‌

1.00

x

1

Month

USD

LIBOR

+

1.65%

Kestrel

Aircraft

Funding

Ltd

4.25%,

12/15/2038

(i)

352‌

284‌

KKR

Clo

25

Ltd

7.76%,

04/15/2032

(i)

640‌

475‌

1.00

x

3

Month

USD

LIBOR

+

6.54%

Legacy

Mortgage

Asset

Trust

2018-GS2

4.00%,

04/25/2058

(i),(l)

205‌

201‌

Legacy

Mortgage

Asset

Trust

2019-GS3

3.75%,

04/25/2059

(i),(l)

357‌

357‌

MAPS

2018-1

Ltd

4.21%,

05/15/2043

(i)

647‌

516‌

Marlette

Funding

Trust

2019-1

3.44%,

04/16/2029

(i)

118‌

117‌

Marlette

Funding

Trust

2019-3

2.69%,

09/17/2029

(i)

131‌

130‌

Neuberger

Berman

CLO

XIV

Ltd

2.79%,

01/28/2030

(i)

365‌

345‌

1.00

x

3

Month

USD

LIBOR

+

1.90%

Octagon

Investment

Partners

40

Ltd

4.94%,

04/20/2031

(i)

250‌

230‌

1.00

x

3

Month

USD

LIBOR

+

3.80%

Octagon

Investment

Partners

XVI

Ltd

6.88%,

07/17/2030

(i)

500‌

396‌

1.00

x

3

Month

USD

LIBOR

+

5.75%

Octagon

Investment

Partners

XXII

Ltd

3.00%,

01/22/2030

(i)

250‌

238‌

1.00

x

3

Month

USD

LIBOR

+

1.90%

OHA

Credit

Funding

5

Ltd

3.31%,

04/18/2033

(i)

420‌

394‌

1.00

x

3

Month

USD

LIBOR

+

2.00%

OHA

Loan

Funding

2013-1

Ltd

4.09%,

07/23/2031

(i)

275‌

247‌

1.00

x

3

Month

USD

LIBOR

+

3.05%

OHA

Loan

Funding

2016-1

Ltd

3.09%,

01/20/2033

(i)

345‌

329‌

1.00

x

3

Month

USD

LIBOR

+

1.95%

OneMain

Financial

Issuance

Trust

2015-3

4.16%,

11/20/2028

(i)

790‌

790‌

OneMain

Financial

Issuance

Trust

2019-1

4.22%,

02/14/2031

(i)

620‌

561‌

Oxford

Finance

Funding

2019-1

LLC

4.46%,

02/15/2027

(i)

145‌

143‌

Parallel

2017-1

Ltd

3.14%,

07/20/2029

(i)

305‌

286‌

1.00

x

3

Month

USD

LIBOR

+

2.00%

Parallel

2018-2

Ltd

3.29%,

10/20/2031

(i)

480‌

449‌

1.00

x

3

Month

USD

LIBOR

+

2.15%

Planet

Fitness

Master

Issuer

LLC

3.86%,

12/05/2049

(i)

274‌

213‌

4.26%,

09/05/2048

(i)

596‌

572‌

Progress

Residential

2017-SFR2

Trust

4.14%,

12/17/2034

(i)

100‌

98‌

Progress

Residential

2018-SFR2

Trust

4.66%,

08/17/2035

(i)

100‌

99‌

Progress

Residential

2019-SFR1

Trust

4.47%,

08/17/2035

(i)

420‌

412‌

Prosper

Pass-Thru

Trust

II

Series

2019-St2

0.00%,

11/15/2025

(d),(g),(i)

1,190‌

869‌

0.00%,

11/15/2025

(d),(g),(i)

595‌

313‌

PRPM

2018-1

LLC

5.00%,

04/25/2023

(i),(l)

200‌

185‌

PRPM

2019-4

LLC

3.35%,

11/25/2024

(i),(l)

200‌

192‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Other

Asset

Backed

Securities

(continued)

PRPM

2020-1

LLC

2.98%,

02/25/2025

(i),(l)

$

450‌

$

431‌

Republic

FInance

Issuance

Trust

2019-A

3.43%,

11/22/2027

(i)

490‌

468‌

Rockford

Tower

CLO

2017-2

Ltd

3.12%,

10/15/2029

(i)

295‌

278‌

1.00

x

3

Month

USD

LIBOR

+

1.90%

SCF

Equipment

Leasing

2018-1

LLC

4.21%,

04/20/2027

(i)

795‌

800‌

S-Jets

2017-1

Ltd

3.97%,

08/15/2042

(i)

758‌

627‌

Sound

Point

Clo

XV

Ltd

7.00%,

01/23/2029

(i)

1,500‌

1,027‌

1.00

x

3

Month

USD

LIBOR

+

5.96%

Sprite

2017-1

Ltd

5.75%,

12/15/2037

(i)

242‌

128‌

TAL

Advantage

V

LLC

3.55%,

11/20/2038

(i)

184‌

184‌

Thunderbolt

Aircraft

Lease

Ltd

5.75%,

05/17/2032

(i),(l)

163‌

89‌

Towd

Point

Mortgage

Trust

2015-2

2.50%,

11/25/2060

(i),(l)

197‌

198‌

Towd

Point

Mortgage

Trust

2019-4

2.90%,

10/25/2059

(i),(l)

425‌

439‌

Tricon

American

Homes

2017-SFR1

Trust

5.15%,

09/17/2034

(i)

375‌

369‌

VERDE

CLO

Ltd

8.12%,

04/15/2032

(i)

555‌

509‌

1.00

x

3

Month

USD

LIBOR

+

6.90%

VOLT

LXXXVII

LLC

2.98%,

02/25/2050

(i),(l)

430‌

408‌

WAVE

2017-1

Trust

5.68%,

11/15/2042

(i)

243‌

119‌

Wendy's

Funding

LLC

4.08%,

06/15/2049

(i)

84‌

81‌

Wingstop

Funding

2018-1

LLC

4.97%,

12/05/2048

(i)

153‌

155‌

York

CLO-2

Ltd

2.95%,

01/22/2031

(i)

250‌

235‌

1.00

x

3

Month

USD

LIBOR

+

1.85%

York

CLO-7

Ltd

5.59%,

01/22/2033

(i)

295‌

269‌

1.00

x

3

Month

USD

LIBOR

+

3.80%

$

42,738‌

Pharmaceuticals

-

0.30%

Bausch

Health

Cos

Inc

4.50%,

05/15/2023

EUR

640‌

704‌

Teva

Pharmaceutical

Finance

Netherlands

II

BV

6.00%,

01/31/2025

(i)

190‌

227‌

Teva

Pharmaceutical

Finance

Netherlands

III

BV

4.10%,

10/01/2046

$

1,420‌

1,194‌

7.13%,

01/31/2025

(i)

210‌

225‌

$

2,350‌

Pipelines

-

0.26%

Cheniere

Corpus

Christi

Holdings

LLC

3.70%,

11/15/2029

(i)

630‌

627‌

Energy

Transfer

Operating

LP

3.75%,

05/15/2030

65‌

64‌

5.00%,

05/15/2050

355‌

339‌

Kinder

Morgan

Inc

5.05%,

02/15/2046

75‌

87‌

Midwest

Connector

Capital

Co

LLC

3.63%,

04/01/2022

(i)

410‌

411‌

Sabine

Pass

Liquefaction

LLC

4.50%,

05/15/2030

(i)

445‌

488‌

$

2,016‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

83

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Real

Estate

-

0.94%

Arabian

Centres

Sukuk

Ltd

5.38%,

11/26/2024

(i)

$

3,200‌

$

2,643‌

Country

Garden

Holdings

Co

Ltd

4.75%,

07/25/2022

700‌

707‌

4.75%,

09/28/2023

650‌

652‌

Easy

Tactic

Ltd

8.13%,

02/27/2023

200‌

177‌

Kaisa

Group

Holdings

Ltd

8.50%,

06/30/2022

1,150‌

1,075‌

11.95%,

10/22/2022

(i)

410‌

406‌

Sunac

China

Holdings

Ltd

7.88%,

02/15/2022

1,531‌

1,535‌

Yuzhou

Properties

Co

Ltd

8.30%,

05/27/2025

200‌

184‌

$

7,379‌

Regional

Authority

-

0.09%

Provincia

de

Buenos

Aires/Government

Bonds

27.19%,

04/12/2025

(i)

ARS

11,045‌

107‌

Argentina

Deposit

Rates

Badlar

Private

Banks

ARS

30

to

35

Days

+

3.75%

29.35%,

05/31/2022

51,665‌

565‌

Argentina

Deposit

Rates

Badlar

Private

Banks

ARS

30

to

35

Days

+

3.83%

$

672‌

REITs

-

0.09%

Equinix

Inc

3.20%,

11/18/2029

$

45‌

48‌

Ladder

Capital

Finance

Holdings

LLLP

/

Ladder

Capital

Finance

Corp

4.25%,

02/01/2027

(i)

620‌

518‌

5.25%,

03/15/2022

(i)

50‌

47‌

5.25%,

10/01/2025

(i)

130‌

110‌

$

723‌

Retail

-

0.38%

1011778

BC

ULC

/

New

Red

Finance

Inc

3.88%,

01/15/2028

(i)

50‌

49‌

4.38%,

01/15/2028

(i)

660‌

648‌

AutoNation

Inc

4.75%,

06/01/2030

60‌

63‌

IRB

Holding

Corp

7.00%,

06/15/2025

(i)

132‌

137‌

Macy's

Inc

8.38%,

06/15/2025

(i),(o)

198‌

200‌

McDonald's

Corp

3.63%,

09/01/2049

230‌

251‌

Staples

Inc

10.75%,

04/15/2027

(i),(n)

2,048‌

1,393‌

Yum!

Brands

Inc

4.75%,

01/15/2030

(i)

230‌

239‌

$

2,980‌

Semiconductors

-

0.35%

Broadcom

Corp

/

Broadcom

Cayman

Finance

Ltd

3.50%,

01/15/2028

10‌

10‌

3.88%,

01/15/2027

40‌

42‌

Broadcom

Inc

4.25%,

04/15/2026

(i)

10‌

11‌

4.30%,

11/15/2032

(i)

740‌

781‌

4.75%,

04/15/2029

(i)

710‌

781‌

5.00%,

04/15/2030

(i)

225‌

250‌

Micron

Technology

Inc

5.33%,

02/06/2029

670‌

773‌

NXP

BV

/

NXP

Funding

LLC

/

NXP

USA

Inc

3.15%,

05/01/2027

(i)

70‌

72‌

3.40%,

05/01/2030

(i)

40‌

41‌

$

2,761‌

Software

-

0.06%

MSCI

Inc

3.63%,

09/01/2030

(i)

265‌

272‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Software

(continued)

Open

Text

Corp

3.88%,

02/15/2028

(i)

$

70‌

$

69‌

Open

Text

Holdings

Inc

4.13%,

02/15/2030

(i)

65‌

64‌

SS&C

Technologies

Inc

5.50%,

09/30/2027

(i)

65‌

68‌

$

473‌

Sovereign

-

9.28%

1MDB

Global

Investments

Ltd

4.40%,

03/09/2023

4,100‌

3,813‌

Abu

Dhabi

Government

International

Bond

2.50%,

04/16/2025

(i)

850‌

882‌

3.13%,

04/16/2030

(i)

1,175‌

1,261‌

3.88%,

04/16/2050

(i)

1,200‌

1,366‌

Argentina

POM

Politica

Monetaria

38.04%,

06/21/2020

ARS

6,725‌

94‌

Argentina

Blended

Historical

Policy

Rate

+

0.00%

Argentine

Republic

Government

International

Bond

3.88%,

01/15/2022

EUR

66‌

26‌

Bonos

de

la

Tesoreria

de

la

Republica

1.90%,

09/01/2030

CLP

1,852,216‌

2,869‌

Colombia

Government

International

Bond

3.88%,

04/25/2027

$

2,425‌

2,567‌

4.50%,

03/15/2029

375‌

413‌

Costa

Rica

Government

International

Bond

6.13%,

02/19/2031

1,065‌

868‌

7.00%,

04/04/2044

(n)

1,673‌

1,305‌

Dominican

Republic

International

Bond

4.50%,

01/30/2030

550‌

478‌

5.50%,

01/27/2025

1,425‌

1,421‌

6.00%,

07/19/2028

1,125‌

1,083‌

Export-Import

Bank

of

Korea

1.74%,

06/25/2022

650‌

644‌

3

Month

USD

LIBOR

+

0.53%

Hellenic

Republic

Treasury

Bill

0.00%,

06/12/2020

(d)

EUR

1,124‌

1,248‌

Indonesia

Treasury

Bond

7.00%,

09/15/2030

IDR

60,400,000‌

4,027‌

8.75%,

05/15/2031

16,250,000‌

1,192‌

Israel

Government

International

Bond

2.75%,

07/03/2030

$

2,300‌

2,493‌

3.88%,

07/03/2050

1,275‌

1,458‌

4.50%,

04/03/2120

825‌

1,003‌

Ivory

Coast

Government

International

Bond

5.25%,

03/22/2030

EUR

3,319‌

3,306‌

Mexico

Government

International

Bond

4.75%,

04/27/2032

$

1,850‌

2,003‌

Montenegro

Government

International

Bond

5.75%,

03/10/2021

EUR

2,282‌

2,568‌

Peru

Government

Bond

6.15%,

08/12/2032

(i)

PEN

9,875‌

3,340‌

Peruvian

Government

International

Bond

2.39%,

01/23/2026

$

1,100‌

1,137‌

2.78%,

01/23/2031

900‌

948‌

6.90%,

08/12/2037

PEN

11,150‌

3,980‌

Qatar

Government

International

Bond

3.40%,

04/16/2025

(i)

$

1,450‌

1,548‌

3.75%,

04/16/2030

(i)

1,175‌

1,307‌

4.40%,

04/16/2050

(i)

1,000‌

1,189‌

Republic

of

South

Africa

Government

Bond

6.25%,

03/31/2036

ZAR

29,188‌

1,131‌

8.88%,

02/28/2035

50,000‌

2,519‌

Romanian

Government

International

Bond

2.00%,

01/28/2032

EUR

1,100‌

1,106‌

2.12%,

07/16/2031

1,225‌

1,249‌

3.62%,

05/26/2030

(i)

750‌

875‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

84

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Sovereign

(continued)

Russian

Federal

Bond

-

OFZ

7.25%,

05/10/2034

RUB

238,500‌

$

3,879‌

Serbia

International

Bond

3.13%,

05/15/2027

(i)

EUR

2,175‌

2,530‌

Sri

Lanka

Government

International

Bond

5.75%,

04/18/2023

$

850‌

510‌

6.13%,

06/03/2025

200‌

110‌

6.20%,

05/11/2027

200‌

108‌

6.35%,

06/28/2024

200‌

112‌

6.85%,

03/14/2024

300‌

168‌

6.85%,

11/03/2025

750‌

412‌

Ukraine

Government

International

Bond

0.00%,

05/31/2040

(d),(l)

2,645‌

2,252‌

4.38%,

01/27/2030

(i)

EUR

1,650‌

1,493‌

7.38%,

09/25/2032

$

1,050‌

1,000‌

7.75%,

09/01/2023

1,175‌

1,185‌

7.75%,

09/01/2027

525‌

518‌

$

72,994‌

Student

Loan

Asset

Backed

Securities

-

0.32%

Education

Funding

Trust

Trust

2.79%,

07/25/2041

(i)

355‌

356‌

Navient

Private

Education

Refi

Loan

Trust

2018-A

3.68%,

02/18/2042

(i)

140‌

142‌

Navient

Private

Education

Refi

Loan

Trust

2019-F

3.12%,

08/15/2068

(i)

445‌

430‌

Navient

Private

Education

Refi

Loan

Trust

2019-G

3.08%,

10/15/2068

(i)

105‌

100‌

SLM

Private

Credit

Student

Loan

Trust

2003-A

4.07%,

06/15/2032

189‌

183‌

1.00

x

US

28

Day

Auction

Rate

+

0.00%

SLM

Private

Credit

Student

Loan

Trust

2003-B

3.80%,

03/15/2033

500‌

463‌

1.00

x

US

28

Day

Auction

Rate

+

0.00%

4.48%,

03/15/2033

50‌

47‌

1.00

x

US

28

Day

Auction

Rate

+

0.00%

SMB

Private

Education

Loan

Trust

2015-C

3.50%,

09/15/2043

(i)

100‌

103‌

SMB

Private

Education

Loan

Trust

2017-B

0.93%,

10/15/2035

(i)

239‌

232‌

1.00

x

1

Month

USD

LIBOR

+

0.75%

SMB

Private

Education

Loan

Trust

2018-C

4.00%,

11/17/2042

(i)

100‌

100‌

SoFi

Professional

Loan

Program

2015-C

LLC

3.58%,

08/25/2036

(i)

34‌

35‌

Sofi

Professional

Loan

Program

2016-A

LLC

3.57%,

01/26/2038

(i)

194‌

196‌

SoFi

Professional

Loan

Program

2020-ATrust

3.12%,

05/15/2046

(i)

160‌

155‌

$

2,542‌

Supranational

Bank

-

0.92%

African

Export-Import

Bank/The

3.99%,

09/21/2029

(i)

400‌

382‌

Eastern

&

Southern

African

Trade

&

Development

Bank

4.88%,

05/23/2024

1,425‌

1,366‌

European

Investment

Bank

0.63%,

07/25/2025

139‌

140‌

1.63%,

03/14/2025

2,220‌

2,338‌

International

Bank

for

Reconstruction

&

Development

0.63%,

04/22/2025

694‌

694‌

1.63%,

01/15/2025

2,220‌

2,332‌

$

7,252‌

Telecommunications

-

1.24%

AT&T

Inc

3.65%,

06/01/2051

325‌

329‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Telecommunications

(continued)

Bharti

Airtel

Ltd

4.38%,

06/10/2025

$

200‌

$

204‌

C&W

Senior

Financing

DAC

7.50%,

10/15/2026

(i)

1,850‌

1,887‌

CommScope

Inc

6.00%,

03/01/2026

(i)

250‌

263‌

Gogo

Intermediate

Holdings

LLC

/

Gogo

Finance

Co

Inc

9.88%,

05/01/2024

(i)

2,245‌

2,082‌

Intrado

Corp

8.50%,

10/15/2025

(i)

1,912‌

1,386‌

Kenbourne

Invest

SA

6.88%,

11/26/2024

(i)

355‌

354‌

Level

3

Financing

Inc

4.63%,

09/15/2027

(i)

55‌

56‌

5.38%,

08/15/2022

135‌

135‌

Millicom

International

Cellular

SA

5.13%,

01/15/2028

(i)

200‌

199‌

MTN

Mauritius

Investments

Ltd

5.37%,

02/13/2022

2,610‌

2,644‌

Sprint

Capital

Corp

6.88%,

11/15/2028

40‌

50‌

Sprint

Communications

Inc

7.00%,

08/15/2020

70‌

71‌

T-Mobile

USA

Inc

4.50%,

02/01/2026

65‌

67‌

$

9,727‌

Transportation

-

0.02%

FedEx

Corp

4.05%,

02/15/2048

5‌

5‌

4.10%,

02/01/2045

40‌

39‌

5.25%,

05/15/2050

90‌

104‌

$

148‌

TOTAL

BONDS

$

297,454‌

CONVERTIBLE

BONDS

-

0.37%

Principal

Amount

(000's)

Value

(000's)

Biotechnology

-

0.07%

BioMarin

Pharmaceutical

Inc

0.60%,

08/01/2024

355‌

399‌

1.25%,

05/15/2027

(i)

110‌

117‌

$

516‌

Internet

-

0.01%

Proofpoint

Inc

0.25%,

08/15/2024

(i)

75‌

76‌

Media

-

0.26%

DISH

Network

Corp

2.38%,

03/15/2024

555‌

478‌

3.38%,

08/15/2026

1,770‌

1,559‌

$

2,037‌

Oil

&

Gas

-

0.00%

Chesapeake

Energy

Corp

5.50%,

09/15/2026

190‌

6‌

Software

-

0.00%

Akamai

Technologies

Inc

0.38%,

09/01/2027

(i)

35‌

38‌

Telecommunications

-

0.02%

CalAmp

Corp

2.00%,

08/01/2025

270‌

193‌

Trucking

&

Leasing

-

0.01%

Greenbrier

Cos

Inc/The

2.88%,

02/01/2024

80‌

65‌

TOTAL

CONVERTIBLE

BONDS

$

2,931‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

85

MUNICIPAL

BONDS

-

0.07%

Principal

Amount

(000's)

Value

(000's)

Massachusetts

-

0.07%

Massachusetts

Educational

Financing

Authority

3.85%,

05/25/2033

$

504‌

$

524‌

TOTAL

MUNICIPAL

BONDS

$

524‌

SENIOR

FLOATING

RATE

INTERESTS

-

1.39%

Principal

Amount

(000's)

Value

(000's)

Advertising

-

0.05%

Clear

Channel

Outdoor

Holdings

Inc

4.26%,

08/07/2026

(q)

$

409‌

$

380‌

1

Month

USD

LIBOR

+

3.50%

Automobile

Parts

&

Equipment

-

0.15%

American

Axle

&

Manufacturing

Inc

3.00%,

03/08/2024

(q)

403‌

384‌

3

Month

USD

LIBOR

+

2.25%

GC

EOS

Buyer

Inc

5.58%,

06/27/2025

(q)

978‌

782‌

3

Month

USD

LIBOR

+

3.25%

$

1,166‌

Building

Materials

-

0.03%

Airxcel

Inc

8.92%,

04/27/2026

(q)

282‌

220‌

3

Month

USD

LIBOR

+

8.75%

Commercial

Services

-

0.14%

Digital

Room

Holdings

Inc

6.07%,

05/08/2026

(q)

239‌

175‌

3

Month

USD

LIBOR

+

5.00%

Imagine!

Print

Solutions

Inc

9.75%,

06/21/2023

(q)

427‌

35‌

3

Month

USD

LIBOR

+

8.75%

Kingpin

Intermediate

Holdings

LLC

4.50%,

07/03/2024

(q)

151‌

121‌

3

Month

USD

LIBOR

+

3.50%

PSC

Industrial

Outsourcing

LP

9.73%,

10/13/2025

(q)

980‌

735‌

3

Month

USD

LIBOR

+

8.50%

$

1,066‌

Computers

-

0.08%

Diebold

Nixdorf

Inc

0.00%,

08/31/2022

(q),(r)

262‌

250‌

3

Month

USD

LIBOR

+

9.25%

Electronics

For

Imaging

Inc

6.45%,

07/02/2026

(q)

373‌

273‌

3

Month

USD

LIBOR

+

5.00%

Genuine

Financial

Holdings

LLC

0.00%,

06/27/2025

(q),(r)

110‌

93‌

3

Month

USD

LIBOR

+

3.75%

$

616‌

Diversified

Financial

Services

-

0.02%

4L

Technologies

8.94%,

02/05/2024

(q)

205‌

172‌

1

Month

USD

LIBOR

+

7.50%

Entertainment

-

0.18%

Deluxe

Entertainment

Services

Group

Inc

2.94%,

PIK

5.50%,

03/25/2024

(p),(q)

618‌

544‌

1

Month

USD

LIBOR

+

6.50%

2.94%,

PIK

5.50%,

09/25/2024

(p),(q)

796‌

573‌

1

Month

USD

LIBOR

+

8.50%

William

Morris

Endeavor

Entertainment

LLC

9.50%,

05/18/2025

(q)

322‌

309‌

1

Month

USD

LIBOR

+

8.50%

$

1,426‌

Healthcare

-

Services

-

0.02%

Air

Methods

Corp

4.95%,

04/12/2024

(q)

164‌

130‌

3

Month

USD

LIBOR

+

3.50%

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Household

Products

&

Wares

-

0.02%

Acuity

Specialty

Products

Inc

5.07%,

08/09/2024

(q)

$

237‌

$

191‌

3

Month

USD

LIBOR

+

4.00%

Insurance

-

0.11%

Confie

Seguros

Holding

II

Co

10.08%,

10/31/2025

(q)

979‌

607‌

3

Month

USD

LIBOR

+

8.50%

Sedgwick

Claims

Management

Services

Inc

0.00%,

09/03/2026

(q),(r)

225‌

219‌

1

Month

USD

LIBOR

+

4.25%

$

826‌

Internet

-

0.02%

Airbnb

Inc

8.50%,

04/14/2025

(q)

169‌

172‌

1

Month

USD

LIBOR

+

7.50%

Leisure

Products

&

Services

-

0.01%

Bombardier

Recreational

Products

Inc

6.00%,

05/24/2027

(q)

86‌

85‌

1

Month

USD

LIBOR

+

5.00%

Machinery

-

Diversified

-

0.02%

NN

Inc

6.50%,

10/19/2022

(q)

206‌

168‌

1

Month

USD

LIBOR

+

5.75%

Media

-

0.07%

NEP

Group

Inc

0.00%,

10/20/2025

(q),(r)

347‌

291‌

3

Month

USD

LIBOR

+

3.25%

Ziggo

BV

3.00%,

01/17/2029

(q)

EUR

235‌

252‌

3

Month

Euro

Interbank

Offered

Rate

+

3.00%

$

543‌

Oil

&

Gas

-

0.01%

California

Resources

Corp

0.00%,

11/14/2022

(d),(q)

$

184‌

47‌

1

Month

USD

LIBOR

+

4.75%

Gavilan

Resources

LLC

0.00%,

03/01/2024

(d),(q)

680‌

58‌

3

Month

USD

LIBOR

+

6.00%

$

105‌

Oil

&

Gas

Services

-

0.15%

ChampionX

Holdings

0.00%,

05/28/2027

(q),(r)

14‌

13‌

McDermott

Technology

Americas

Inc

10.00%,

10/22/2020

(q)

865‌

833‌

1

Month

USD

LIBOR

+

9.00%

10.02%,

10/21/2020

(q)

360‌

347‌

1

Month

USD

LIBOR

+

9.00%

$

1,193‌

Pipelines

-

0.10%

Southcross

Energy

10.00%,

01/06/2025

(q)

769‌

769‌

1

Month

USD

LIBOR

+

9.00%

Real

Estate

-

0.00%

Toys

R

Us

Property

Co

I

LLC

0.00%,

PIK

12.50%,

02/04/2024

(d),(p),(q)

8‌

8‌

Software

-

0.15%

Rackspace

Hosting

Inc

4.00%,

11/03/2023

(q)

1,000‌

972‌

3

Month

USD

LIBOR

+

3.00%

Riverbed

Technology

Inc

4.25%,

04/24/2022

(q)

66‌

57‌

3

Month

USD

LIBOR

+

3.25%

WebPros

Particle

0.00%,

05/11/2027

(q),(r)

184‌

174‌

$

1,203‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

86

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Telecommunications

-

0.06%

GTT

Communications

Inc

0.00%,

05/31/2025

(q),(r)

$

369‌

$

264‌

3

Month

USD

LIBOR

+

2.75%

T-Mobile

USA

Inc

3.39%,

04/01/2027

(q)

190‌

190‌

1

Month

USD

LIBOR

+

3.00%

$

454‌

TOTAL

SENIOR

FLOATING

RATE

INTERESTS

$

10,893‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

-

53.77%

Principal

Amount

(000's)

Value

(000's)

Federal

National

Mortgage

Association

(FNMA)/Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

Uniform

Mortgage-Backed

Security

-

2.37%

2.50%,

07/01/2050

(s)

$

18,022‌

$

18,660‌

U.S.

Treasury

-

49.54%

0.13%,

05/31/2022

(o)

2,312‌

2,311‌

0.25%,

05/31/2025

(o)

11,308‌

11,278‌

0.50%,

04/30/2027

(n)

24,690‌

24,710‌

1.13%,

02/28/2022

7,000‌

7,117‌

1.25%,

10/31/2021

(n)

20,120‌

20,422‌

1.38%,

08/31/2026

(n)

39,913‌

42,205‌

1.50%,

02/15/2030

(n)

7,515‌

8,128‌

1.63%,

12/15/2022

(n)

7,528‌

7,805‌

1.63%,

10/31/2026

(n)

43,386‌

46,594‌

1.88%,

03/31/2022

(n)

18,234‌

18,800‌

2.13%,

05/15/2022

(n)

23,265‌

24,150‌

2.13%,

11/30/2024

(n)

48,717‌

52,730‌

2.25%,

03/31/2021

(n)

13,602‌

13,833‌

2.50%,

01/15/2022

(n)

26,693‌

27,696‌

2.50%,

02/15/2022

(n)

18,234‌

18,955‌

2.50%,

03/31/2023

(n)

9,458‌

10,075‌

2.63%,

12/31/2023

(n)

36,039‌

39,122‌

2.88%,

05/15/2043

(n)

3,622‌

4,728‌

3.75%,

11/15/2043

(n)

6,066‌

9,029‌

$

389,688‌

U.S.

Treasury

Bill

-

1.06%

0.14%,

06/16/2020

(n),(t)

500‌

500‌

0.14%,

10/13/2020

(t)

1,900‌

1,899‌

0.14%,

11/19/2020

(t)

1,275‌

1,274‌

0.16%,

11/27/2020

(t)

1,285‌

1,284‌

1.50%,

11/05/2020

(t)

1,895‌

1,893‌

1.90%,

06/18/2020

(t),(u)

1,470‌

1,470‌

$

8,320‌

U.S.

Treasury

Inflation-Indexed

Obligations

-

0.80%

0.13%,

10/15/2024

(n)

1,384‌

1,425‌

0.50%,

04/15/2024

(n)

4,715‌

4,876‌

$

6,301‌

TOTAL

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

$

422,969‌

REPURCHASE

AGREEMENTS

-

32.74%

Maturity

Amount

(000's)

Value

(000's)

Banks

-

32.74%

Barclays

Repurchase

Agreement

on

securities

sold

short;

(0.50)%

traded

04/29/2020

(collateralized

by

Comision

Federal

de

Electricidad;

$499,778;

6.13%;

dated

06/16/45)

(v)

$

434‌

$

434‌

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

0.00%

traded

05/29/2020

maturing

06/01/2020

(collateralized

by

United

States

Treasury

Note/Bond;

$3,201,333;

2.00%;

dated

02/15/50)

(d)

3,203‌

3,203‌

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

0.00%

traded

03/18/2020

(collateralized

by

Turkey

Government

International

Bond;

$677,093;

11.88%;

dated

01/15/30)

(d),(v)

631‌

631‌

REPURCHASE

AGREEMENTS

(continued)

Maturity

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

0.01%

traded

05/29/2020

maturing

06/01/2020

(collateralized

by

United

States

Treasury

Note/Bond;

$37,434,536;

1.38%;

dated

02/15/23)

$

37,387‌

$

37,387‌

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

(0.03)%

traded

05/29/2020

maturing

06/01/2020

(collateralized

by

United

States

Treasury

Note/

Bond;

$28,850,840;

0.13%;

dated

04/30/22)

28,832‌

28,832‌

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

0.05%

traded

05/29/2020

maturing

06/01/2020

(collateralized

by

United

States

Treasury

Note/Bond;

$34,325,292;

1.13%;

dated

02/28/22)

34,299‌

34,299‌

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

0.06%

traded

05/29/2020

maturing

06/01/2020

(collateralized

by

United

States

Treasury

Note/Bond;

$26,094,002;

2.38%;

dated

05/15/27)

25,994‌

25,994‌

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

0.06%

traded

05/29/2020

maturing

06/01/2020

(collateralized

by

United

States

Treasury

Inflation

Indexed

Bonds;

$3,132,401;

0.25%;

dated

07/15/29)

3,116‌

3,116‌

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

0.06%

traded

05/29/2020

maturing

06/01/2020

(collateralized

by

United

States

Treasury

Note/Bond;

$51,902,730;

1.75%;

dated

12/31/24)

51,776‌

51,776‌

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

0.06%

traded

05/29/2020

maturing

06/01/2020

(collateralized

by

United

States

Treasury

Note/Bond;

$34,278,538;

0.50%;

dated

03/31/25)

34,188‌

34,187‌

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

0.06%

traded

05/29/2020

maturing

06/01/2020

(collateralized

by

United

States

Treasury

Note/Bond;

$31,864,060;

0.25%;

dated

04/15/23)

31,833‌

31,833‌

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

0.06%

traded

05/29/2020

maturing

06/01/2020

(collateralized

by

United

States

Treasury

Inflation

Indexed

Bonds;

$2,863,883;

0.13%;

dated

04/15/25)

2,852‌

2,852‌

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

(0.30)%

traded

03/18/2020

(collateralized

by

Republic

of

South

Africa

Government

International

Bond;

$2,951,606;

4.85%;

dated

09/27/27)

(v)

2,954‌

2,956‌

$

257,500‌

TOTAL

REPURCHASE

AGREEMENTS

$

257,500‌

TOTAL

PURCHASED

OPTIONS

-

0.12%

$

961‌

TOTAL

PURCHASED

INTEREST

RATE

SWAPTIONS

-

0.05%

$

417‌

Total

Investments

$

1,424,235‌

Other

Assets

and

Liabilities

-  (81.07)%

(637,633‌)

TOTAL

NET

ASSETS

-

100.00%

$

786,602‌

(a)

Current

yield

shown

is

as

of

period

end.

(b)

All

or

a

portion

of

this

security

is

owned

by

the

GMS

Cayman

Corporation,

which

is

a

100%

owned

subsidiary

of

the

fund.

(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

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

87

(e)

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

$110,202

or

14.01%

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

$6,138

or

0.78%

of

net

assets.

(h)

Restricted

Security.

Please

see

Restricted

Security

sub-schedule

for

additional

information.

(i)

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

$156,544

or

19.90%

of

net

assets.

(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

$366,536

or

46.60%

of

net

assets.

(o)

Security

purchased

on

a

when-issued

basis.

(p)

Payment

in

kind;

the

issuer

has

the

option

of

paying

additional

securities

in

lieu

of

cash.

(q)

Rate

information

disclosed

is

based

on

an

average

weighted

rate

of

the

underlying

tranches

as

of

period

end.

(r)

This

Senior

Floating

Rate

Note

will

settle

after

May

31,

2020,

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

$350

or

0.04%

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

61.69‌%

Financial

42.35‌%

Money

Market

Funds

12.87‌%

Consumer,

Non-cyclical

11.33‌%

Mortgage

Securities

9.71‌%

Communications

7.61‌%

Consumer,

Cyclical

7.29‌%

Asset

Backed

Securities

6.87‌%

Industrial

6.56‌%

Technology

6.23‌%

Energy

3.38‌%

Basic

Materials

2.80‌%

Utilities

2.01‌%

Purchased

Options

0.12‌%

Investment

Companies

0.12‌%

Revenue

Bonds

0.07‌%

Purchased

Interest

Rate

Swaptions

0.05‌%

Diversified

0.01‌%

Investments

Sold

Short

(51.86‌)%

Other

Assets

and

Liabilities

(29.21‌)%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

August

31,

2019

Purchases

Sales

May

31,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

151,384‌

$

916,200‌

$

973,279‌

$

94,305‌

$

151,384‌

$

916,200‌

$

973,279‌

$

94,305‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

1,047‌

$

—‌

$

—‌

$

—‌

$

1,047‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

Restricted

Securities

Security

Name

Acquisition

Date

Cost

Value

Percent

of

Net

Assets

Airbnb

Inc

-

Series

E  

0.00%

06/24/2015

$

157‌

$

119‌

0.02%

DraftKings

Pipe

12/04/2014-03/01/2017

89‌

769‌

0.10%

Element

Comm

Aviation

06/15/2015

2,800‌

342‌

0.04%

Forward

Venture

Services

LLC  

0.00%

11/20/2014

102‌

243‌

0.03%

Jand

Inc

04/23/2015

19‌

27‌

0.00%

Jand

Inc  

0.00%

04/23/2015

43‌

63‌

0.01%

Klarna

Holding

AB

08/07/2015

89‌

212‌

0.03%

Marklogic

Corp  

0.00%

04/27/2015

172‌

124‌

0.02%

Veracode

Inc  

0.00%

04/18/2017

24‌

3‌

0.00%

WE

Company

Common

Class

A

12/08/2014

6‌

2‌

0.00%

WE

Company

Preferred

D-1  

0.00%

12/08/2014

81‌

38‌

0.01%

WE

Company

Preferred

D-2  

0.00%

12/08/2014

64‌

30‌

0.00%

Total

$

1,972‌

0.26%

Amounts

in

thousands.

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

88

Options

Purchased

Options

Outstanding

Counterparty

Contracts/

Shares

Notional

Amount

Exercise

Price

Expiration

Date

Upfront

Payments/

(Premiums)

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Call

-

SPDR

Gold

Shares

ETP

N/A

29‌

$

3‌

$

200.00‌

01/24/2022

$

37‌

$

26‌

$

(11‌)

Call

-

SPDR

S&P

Oil

&

Gas

Exploration

&

Production

ETF

N/A

69‌

7‌

$

60.00‌

01/18/2021

34‌

32‌

(2‌)

Put

-

iShares

Russell

2000

ETF

N/A

38‌

4‌

$

130.00‌

10/01/2020

41‌

29‌

(12‌)

Put

-

iShares

Russell

2000

ETF

N/A

38‌

4‌

$

130.00‌

01/04/2021

38‌

40‌

2‌

Put

-

S&P

500

Index

N/A

70‌

7‌

$

2,225.00‌

06/22/2020

731‌

7‌

(724‌)

Put

-

S&P

500

Index

N/A

30‌

3‌

$

2,575.00‌

09/21/2020

375‌

174‌

(201‌)

Put

-

S&P

500

Index

N/A

55‌

6‌

$

2,375.00‌

09/21/2020

928‌

191‌

(737‌)

Put

-

S&P

500

Index

N/A

18‌

2‌

$

2,500.00‌

07/20/2020

54‌

27‌

(27‌)

Call

-

EUR

versus

USD

Citigroup

Inc

1

EUR

2,815‌

EUR

1.16‌

06/12/2020

15‌

—‌

(15‌)

Call

-

USD

versus

CAD

Goldman

Sachs

&

Co

1

$

2,775‌

$

1.43‌

06/08/2020

35‌

—‌

(35‌)

Call

-

USD

versus

CAD

Goldman

Sachs

&

Co

1

1,388‌

$

1.43‌

07/21/2020

18‌

3‌

(15‌)

Put

-

AUD

versus

USD

Barclays

Bank

PLC

1

AUD

2,775‌

AUD

0.63‌

08/12/2020

30‌

12‌

(18‌)

Put

-

EUR

versus

NOK

Bank

of

America

NA

1

EUR

2,815‌

EUR

10.00‌

06/15/2020

28‌

—‌

(28‌)

Put

-

EUR

versus

USD

Barclays

Bank

PLC

1

1,388‌

EUR

1.07‌

08/04/2020

8‌

2‌

(6‌)

Put

-

USD

versus

BRL

Morgan

Stanley

&

Co

1

$

1,604‌

$

4.28‌

06/15/2020

24‌

—‌

(24‌)

Put

-

USD

versus

BRL

Goldman

Sachs

&

Co

1

5,185‌

$

4.30‌

06/15/2020

85‌

—‌

(85‌)

Put

-

USD

versus

BRL

Morgan

Stanley

&

Co

1

3,581‌

$

4.28‌

06/15/2020

57‌

—‌

(57‌)

Put

-

USD

versus

CLP

Deutsche

Bank

AG

1

7,784‌

$

795.00‌

10/02/2020

201‌

192‌

(9‌)

Put

-

USD

versus

COP

Goldman

Sachs

&

Co

1

2,926‌

$

3,450.00‌

07/16/2020

49‌

2‌

(47‌)

Put

-

USD

versus

COP

Morgan

Stanley

&

Co

1

1,170‌

$

3,525.00‌

07/16/2020

24‌

2‌

(22‌)

Put

-

USD

versus

IDR

Standard

Chartered

Hong

Kong

1

2,925‌

$

14,400.00‌

09/09/2020

45‌

30‌

(15‌)

Put

-

USD

versus

IDR

Standard

Chartered

Hong

Kong

1

1,665‌

$

15,750.00‌

10/13/2020

53‌

110‌

57‌

Put

-

USD

versus

IDR

Standard

Chartered

Hong

Kong

1

2,220‌

$

14,400.00‌

09/09/2020

20‌

23‌

3‌

Call

-

90

Day

Eurodollar

Future;

June

2020

N/A

56‌

140‌

$

99.75‌

06/16/2020

2‌

1‌

(1‌)

Call

-

90

Day

Eurodollar

Future;

June

2020

N/A

56‌

140‌

$

99.50‌

06/16/2020

14‌

28‌

14‌

Call

-

90

Day

Eurodollar

Future;

June

2021

N/A

40‌

100‌

$

99.88‌

06/15/2020

1‌

—‌

(1‌)

Put

-

90

Day

Eurodollar

Future;

June

2020

N/A

274‌

685‌

$

99.63‌

06/16/2020

116‌

2‌

(114‌)

Put

-

90

Day

Eurodollar

Future;

June

2020

N/A

226‌

565‌

$

98.25‌

06/16/2020

17‌

1‌

(16‌)

Put

-

90

Day

Eurodollar

Future;

June

2022

N/A

519‌

1,298‌

$

99.50‌

06/15/2020

54‌

3‌

(51‌)

Put

-

90

Day

Eurodollar

Future;

September

2022

N/A

112‌

280‌

$

99.50‌

08/17/2020

11‌

6‌

(5‌)

Put

-

90

Day

Eurodollar

Future;

September

2022

N/A

167‌

418‌

$

99.50‌

07/13/2020

15‌

4‌

(11‌)

Put

-

US

10

Year

Note

Future;

September

2020

N/A

58‌

58‌

$

138.00‌

06/29/2020

19‌

12‌

(7‌)

Put

-

US

5

Year

Note

Future;

September

2020

N/A

48‌

48‌

$

121.50‌

08/24/2020

2‌

2‌

—‌

Put

-

US

5

Year

Note

Future;

September

2020

N/A

8‌

8‌

$

121.00‌

08/24/2020

—‌

—‌

—‌

Total

$

3,181‌

$

961‌

$

(2,220‌)

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

1‌

$

—‌

$

95.00‌

06/22/2020

$

—‌

$

—‌

$

—‌

Call

-

Activision

Blizzard

Inc

N/A

1‌

—‌

$

75.00‌

06/22/2020

—‌

—‌

—‌

Call

-

Altria

Group

Inc

N/A

3‌

—‌

$

45.00‌

06/22/2020

—‌

—‌

—‌

Call

-

Applied

Materials

Inc

N/A

2‌

—‌

$

62.50‌

06/22/2020

—‌

—‌

—‌

Call

-

Best

Buy

Co

Inc

N/A

1‌

—‌

$

80.00‌

06/22/2020

—‌

—‌

—‌

Call

-

Blackstone

Group

Inc/The

N/A

1‌

—‌

$

57.50‌

06/22/2020

—‌

—‌

—‌

Call

-

Bristol-Myers

Squibb

Co

N/A

1‌

—‌

$

65.00‌

06/22/2020

—‌

—‌

—‌

Call

-

Comcast

Corp

N/A

2‌

—‌

$

42.50‌

06/22/2020

—‌

—‌

—‌

Call

-

DR

Horton

Inc

N/A

1‌

—‌

$

50.00‌

06/22/2020

(1‌)

(1‌)

—‌

Call

-

Duke

Energy

Corp

N/A

1‌

—‌

$

97.50‌

06/22/2020

—‌

—‌

—‌

Call

-

Enterprise

Products

Partners

LP

N/A

8‌

1‌

$

18.00‌

06/22/2020

—‌

(1‌)

(1‌)

Call

-

Fidelity

National

Financial

Inc

N/A

1‌

—‌

$

31.00‌

06/22/2020

—‌

—‌

—‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

89

Options

(continued)

Written

Options

Outstanding

Counterparty

Contracts/

Shares

Notional

Amount

Exercise

Price

Expiration

Date

Upfront

Payments/

(Premiums)

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Call

-

HP

Inc

N/A

8‌

$

1‌

$

18.00‌

06/22/2020

$

—‌

$

—‌

$

—‌

Call

-

Intel

Corp

N/A

2‌

—‌

$

67.50‌

06/22/2020

—‌

—‌

—‌

Call

-

Merck

&

Co

Inc

N/A

1‌

—‌

$

90.00‌

06/22/2020

—‌

—‌

—‌

Call

-

Mondelez

International

Inc

N/A

1‌

—‌

$

57.50‌

06/22/2020

—‌

—‌

—‌

Call

-

Newmont

Corp

N/A

3‌

—‌

$

70.00‌

06/22/2020

(1‌)

—‌

1‌

Call

-

Oracle

Corp

N/A

2‌

—‌

$

57.50‌

06/22/2020

—‌

—‌

—‌

Call

-

Paychex

Inc

N/A

1‌

—‌

$

72.50‌

06/22/2020

—‌

—‌

—‌

Call

-

Philip

Morris

International

Inc

N/A

2‌

—‌

$

85.00‌

06/22/2020

—‌

—‌

—‌

Call

-

QUALCOMM

Inc

N/A

2‌

—‌

$

90.00‌

06/22/2020

—‌

—‌

—‌

Call

-

Target

Corp

N/A

1‌

—‌

$

120.00‌

06/22/2020

(1‌)

(1‌)

—‌

Call

-

Texas

Instruments

Inc

N/A

1‌

—‌

$

120.00‌

06/22/2020

—‌

—‌

—‌

Call

-

Verizon

Communications

Inc

N/A

2‌

—‌

$

60.00‌

06/22/2020

—‌

—‌

—‌

Call

-

Walmart

Inc

N/A

1‌

—‌

$

140.00‌

06/22/2020

—‌

—‌

—‌

Put

-

S&P

500

Index

N/A

44‌

4‌

$

2,050.00‌

06/22/2020

(353‌)

(2‌)

351‌

Put

-

S&P

500

Index

N/A

30‌

3‌

$

2,300.00‌

09/21/2020

(211‌)

(86‌)

125‌

Put

-

S&P

500

Index

N/A

55‌

6‌

$

2,175.00‌

09/21/2020

(642‌)

(113‌)

529‌

Call

-

AUD

versus

USD

Barclays

Bank

PLC

1

AUD

2,775‌

AUD

0.67‌

08/12/2020

(22‌)

(37‌)

(15‌)

Call

-

USD

versus

BRL

JPMorgan

Chase

1

$

1,408‌

$

4.46‌

06/15/2020

(24‌)

(237‌)

(213‌)

Call

-

USD

versus

CAD

Goldman

Sachs

&

Co

1

2,775‌

$

1.48‌

07/07/2020

(19‌)

(1‌)

18‌

Call

-

USD

versus

CLP

Morgan

Stanley

&

Co

1

834‌

$

840.00‌

10/06/2020

(13‌)

(13‌)

—‌

Call

-

USD

versus

CLP

JPMorgan

Chase

1

1,112‌

$

850.00‌

08/03/2020

(12‌)

(6‌)

6‌

Call

-

USD

versus

CNH

Goldman

Sachs

&

Co

1

3,342‌

$

7.20‌

08/06/2020

(30‌)

(32‌)

(2‌)

Call

-

USD

versus

CNH

JPMorgan

Chase

1

951‌

$

7.20‌

08/06/2020

(9‌)

(9‌)

—‌

Put

-

EUR

versus

USD

Citigroup

Inc

1

EUR

1,480‌

EUR

1.07‌

07/01/2020

(15‌)

(1‌)

14‌

Put

-

USD

versus

BRL

Goldman

Sachs

&

Co

1

$

10,370‌

$

4.19‌

06/15/2020

(82‌)

—‌

82‌

Put

-

USD

versus

CLP

Deutsche

Bank

AG

1

7,784‌

$

755.00‌

10/02/2020

(55‌)

(47‌)

8‌

Put

-

USD

versus

IDR

UBS

AG

1

555‌

$

14,750.00‌

10/13/2020

(8‌)

(12‌)

(4‌)

Put

-

USD

versus

IDR

Morgan

Stanley

&

Co

1

1,110‌

$

14,750.00‌

10/13/2020

(10‌)

(23‌)

(13‌)

Call

-

90

Day

Eurodollar

Future;

June

2020

N/A

112‌

280‌

$

99.63‌

06/16/2020

(11‌)

(21‌)

(10‌)

Call

-

90

Day

Eurodollar

Future;

June

2021

N/A

20‌

50‌

$

99.75‌

06/15/2020

(2‌)

(3‌)

(1‌)

Put

-

90

Day

Eurodollar

Future;

June

2020

N/A

274‌

685‌

$

99.50‌

06/16/2020

(75‌)

(2‌)

73‌

Put

-

90

Day

Eurodollar

Future;

June

2020

N/A

226‌

565‌

$

98.13‌

06/16/2020

(5‌)

(1‌)

4‌

Put

-

90

Day

Eurodollar

Future;

June

2022

N/A

447‌

1,118‌

$

99.25‌

06/15/2020

(13‌)

(3‌)

10‌

Put

-

90

Day

Eurodollar

Future;

June

2023

N/A

24‌

60‌

$

99.50‌

06/15/2020

(6‌)

(1‌)

5‌

Put

-

90

Day

Eurodollar

Future;

September

2022

N/A

112‌

280‌

$

99.25‌

08/17/2020

(3‌)

(2‌)

1‌

Put

-

90

Day

Eurodollar

Future;

September

2022

N/A

167‌

418‌

$

99.25‌

07/13/2020

(4‌)

(1‌)

3‌

Put

-

US

5

Year

Note

Future;

September

2020

N/A

24‌

24‌

$

109.00‌

08/24/2020

—‌

—‌

—‌

Put

-

US

5

Year

Note

Future;

September

2020

N/A

144‌

144‌

$

110.00‌

08/24/2020

(2‌)

(2‌)

—‌

Total

$

(1,629‌)

$

(658‌)

$

971‌

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

-

10

Year

Interest

Rate

Swap

Bank

of

America

NA

3

Month

Johannesburg

Interbank

Agreed

Rate

Pay

ZAR

27,750‌

7.59%

11/12/2020

$

46‌

$

70‌

$

24‌

Call

-

2

Year

Interest

Rate

Swap

Bank

of

America

NA

3

Month

KRW

Certificate

of

Deposit

Pay

KRW

72,500,000‌

0.95%

08/06/2020

192‌

262‌

70‌

Call

-

5

Year

Interest

Rate

Swap

Bank

of

America

NA

3

Month

Johannesburg

Interbank

Agreed

Rate

Pay

ZAR

48,724‌

5.50%

11/10/2020

24‌

38‌

14‌

Call

-

5

Year

Interest

Rate

Swap

Bank

of

America

NA

6

Month

Warsaw

Interbank

Offered

Rate

Pay

PLN

9,435‌

0.82%

11/05/2020

20‌

43‌

23‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

90

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

-

5

Year

Interest

Rate

Swap

Bank

of

America

NA

6

Month

Warsaw

Interbank

Offered

Rate

Pay

PLN

9,435‌

0.88%

11/11/2020

$

21‌

$

4‌

$

(17‌)

Total

$

303‌

$

417‌

$

114‌

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

Johannesburg

Interbank

Agreed

Rate

Receive

ZAR

27,750‌

6.75%

11/12/2020

$

(12‌)

$

(22‌)

$

(10‌)

Put

-

10

Year

Interest

Rate

Swap

Bank

of

America

NA

3

Month

KRW

Certificate

of

Deposit

Receive

KRW

14,500,000‌

1.40%

08/06/2020

(69‌)

(2‌)

67‌

Put

-

5

Year

Interest

Rate

Swap

Bank

of

America

NA

6

Month

Warsaw

Interbank

Offered

Rate

Receive

PLN

9,435‌

1.43%

11/11/2020

(7‌)

(1‌)

6‌

Put

-

5

Year

Interest

Rate

Swap

Bank

of

America

NA

6

Month

Warsaw

Interbank

Offered

Rate

Receive

9,435‌

1.37%

11/05/2020

(6‌)

(1‌)

5‌

Total

$

(94‌)

$

(26‌)

$

68‌

Amounts

in

thousands.

Futures

Contracts

Description

and

Expiration

Date

Type

Contracts

Notional

Amount

Value

and

Unrealized

Appreciation/(Depreciation)

90

Day

Eurodollar;

June

2021

Long

315‌

$

78,596‌

$

58‌

90

Day

Eurodollar;

September

2023

Short

63‌

15,684‌

(117‌)

90

Day

Short

Sterling;

June

2021

Long

238‌

36,699‌

116‌

Australia

10

Year

Bond;

June

2020

Long

47‌

4,667‌

(1‌)

Brent

Crude;

August

2020

(a)

Short

26‌

984‌

(215‌)

CAC40

Index;

June

2020

Short

33‌

1,717‌

(74‌)

Canada

10

Year

Bond;

September

2020

Long

112‌

12,498‌

(43‌)

Cocoa;

July

2020

(a)

Long

12‌

290‌

11‌

Coffee

'C';

September

2020

(a)

Short

12‌

442‌

15‌

Corn;

July

2020

(a)

Short

75‌

1,222‌

3‌

Cotton

No.2;

December

2020

(a)

Short

5‌

144‌

—‌

Cotton

No.2;

July

2020

(a)

Short

8‌

230‌

(21‌)

DAX

Index;

June

2020

Long

6‌

1,932‌

146‌

DJ

Euro

Stoxx

50;

June

2020

Long

28‌

947‌

71‌

DJ

Euro

Stoxx

50;

June

2020

Short

62‌

2,096‌

(219‌)

DJ

Euro

Stoxx

50;

June

2020

Short

267‌

9,028‌

(2,096‌)

Dollar

Index;

June

2020

Long

1‌

98‌

(2‌)

E-Mini

DJIA

Index;

June

2020

Long

8‌

1,015‌

41‌

eMini

MSCI

Emerging

Markets;

June

2020

Short

17‌

793‌

(53‌)

Euribor;

June

2021

Long

142‌

39,576‌

(12‌)

Euro

Bond

10

Year

Bond;

June

2020

Short

34‌

6,509‌

23‌

Euro

Buxl

30

Year

Bond;

June

2020

Short

39‌

9,180‌

(70‌)

Euro

Schatz;

June

2020

Long

70‌

8,707‌

(13‌)

Euro-Bobl

5

Year;

June

2020

Long

246‌

36,906‌

213‌

Euro-Bobl

5

Year;

June

2020

Short

25‌

3,751‌

3‌

FTSE

China

A50

Index;

June

2020

Short

8‌

106‌

(2‌)

FTSE100

Index;

June

2020

Short

19‌

1,422‌

(61‌)

FTSE100

Index;

June

2020

Short

45‌

3,368‌

(576‌)

Gasoline

RBOB;

July

2020

(a)

Short

23‌

1,042‌

(199‌)

Gold

100

oz;

August

2020

(a)

Long

16‌

2,803‌

30‌

Hang

Seng

Index;

June

2020

Short

7‌

1,028‌

(7‌)

Hang

Seng

Index;

June

2020

Short

16‌

2,350‌

24‌

HSCEI

China

Index;

June

2020

Short

24‌

1,470‌

(30‌)

Japan

10

Year

Bond

TSE;

June

2020

Short

1‌

1,411‌

1‌

Japan

Topix

Index;

June

2020

Short

20‌

2,891‌

(314‌)

Japan

Topix

Index;

June

2020

Short

5‌

723‌

(57‌)

KC

HRW

Wheat;

July

2020

(a)

Short

28‌

659‌

(26‌)

LME

Copper;

June

2020

(a)

Short

—‌

—‌

353‌

LME

Copper;

September

2020

(a)

Short

15‌

2,018‌

(36‌)

LME

PRI

Alum;

June

2020

(a)

Short

—‌

—‌

98‌

LME

PRI

Alum;

September

2020

(a)

Short

17‌

660‌

(17‌)

LME

Zinc;

June

2020

(a)

Short

—‌

—‌

221‌

LME

Zinc;

September

2020

(a)

Short

10‌

497‌

(9‌)

Low

Sulphur

Gasoline;

July

2020

(a)

Short

20‌

589‌

(51‌)

Mini

Japan

10

Year

Bond;

June

2020

Short

13‌

1,835‌

2‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

91

Futures

Contracts

(continued)

Description

and

Expiration

Date

Type

Contracts

Notional

Amount

Value

and

Unrealized

Appreciation/(Depreciation)

Nasdaq

100

E-Mini;

June

2020

Long

17‌

$

3,251‌

$

409‌

Natural

Gas;

July

2020

(a)

Short

45‌

832‌

124‌

Nikkei

225

OSE;

June

2020

Long

1‌

202‌

—‌

Nikkei

225

OSE;

June

2020

Short

15‌

3,034‌

(364‌)

NY

Harb

ULSD;

July

2020

(a)

Short

18‌

784‌

(105‌)

Russell

2000

Emini;

June

2020

Long

3‌

209‌

(5‌)

Russell

2000

Emini;

June

2020

Short

205‌

14,276‌

(3,105‌)

S&P

500

Emini;

June

2020

Long

22‌

3,346‌

346‌

S&P

500

Emini;

June

2020

Short

62‌

9,430‌

(535‌)

S&P

Mid

400

Emini;

June

2020

Short

37‌

6,520‌

(1,649‌)

S&P/TSX

60

Index;

June

2020

Short

10‌

1,330‌

(253‌)

Silver;

July

2020

(a)

Long

10‌

925‌

55‌

Soybean

Meal;

July

2020

(a)

Short

17‌

481‌

20‌

Soybean

Oil;

July

2020

(a)

Short

9‌

148‌

(4‌)

Soybean;

July

2020

(a)

Short

42‌

1,766‌

32‌

SPI

200

Index;

June

2020

Short

2‌

192‌

(16‌)

Sugar

#11;

July

2020

(a)

Short

31‌

379‌

(25‌)

Sugar

#11;

October

2020

(a)

Short

8‌

98‌

—‌

UK

10

Year

Gilt;

September

2020

Long

78‌

13,240‌

24‌

US

10

Year

Note;

June

2020

Short

14‌

1,951‌

(4‌)

US

10

Year

Note;

September

2020

Long

21‌

2,920‌

5‌

US

10

Year

Note;

September

2020

Short

410‌

57,016‌

(96‌)

US

2

Year

Note;

September

2020

Long

180‌

39,752‌

5‌

US

5

Year

Note;

June

2020

Short

116‌

14,595‌

(44‌)

US

5

Year

Note;

September

2020

Long

284‌

35,678‌

73‌

US

5

Year

Note;

September

2020

Long

107‌

13,442‌

18‌

US

5

Year

Note;

September

2020

Short

39‌

4,899‌

(9‌)

US

Long

Bond;

September

2020

Short

108‌

19,264‌

58‌

US

Long

Bond;

September

2020

Long

8‌

1,427‌

5‌

US

Long

Bond;

September

2020

Short

97‌

17,302‌

(100‌)

US

Ultra

Bond;

June

2020

Short

4‌

879‌

(42‌)

US

Ultra

Bond;

September

2020

Short

19‌

4,143‌

(2‌)

Wheat;

July

2020

(a)

Short

33‌

859‌

(17‌)

WTI

Crude;

July

2020

(a)

Short

14‌

497‌

(147‌)

Total

$

(8,240‌)

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

06/17/2020

$

1,083‌

CAD

1,520‌

$

—‌

$

(21‌)

Bank

of

America

NA

06/19/2020

$

12,110‌

AUD

19,233‌

—‌

(708‌)

Bank

of

America

NA

06/19/2020

AUD

10,937‌

$

7,007‌

282‌

—‌

Bank

of

America

NA

06/19/2020

GBP

1,237‌

$

1,507‌

21‌

—‌

Bank

of

America

NA

06/19/2020

$

8,677‌

GBP

6,984‌

52‌

—‌

Bank

of

America

NA

06/19/2020

GBP

5,509‌

$

6,894‌

—‌

(91‌)

Bank

of

America

NA

06/19/2020

$

3,855‌

GBP

3,141‌

—‌

(24‌)

Bank

of

America

NA

06/19/2020

CAD

11,552‌

$

8,304‌

87‌

—‌

Bank

of

America

NA

06/19/2020

CAD

323‌

$

235‌

—‌

—‌

Bank

of

America

NA

06/19/2020

$

15,324‌

CAD

21,494‌

—‌

(289‌)

Bank

of

America

NA

06/19/2020

$

16,684‌

EUR

14,969‌

63‌

—‌

Bank

of

America

NA

06/19/2020

EUR

5,958‌

$

6,680‌

—‌

(65‌)

Bank

of

America

NA

06/19/2020

EUR

13,264‌

$

14,510‌

218‌

—‌

Bank

of

America

NA

06/19/2020

$

7,437‌

EUR

6,803‌

—‌

(117‌)

Bank

of

America

NA

06/19/2020

$

24,446‌

JPY

2,602,101‌

309‌

—‌

Bank

of

America

NA

06/19/2020

JPY

2,401,305‌

$

22,487‌

—‌

(213‌)

Bank

of

America

NA

06/19/2020

$

1,146‌

JPY

123,991‌

—‌

(4‌)

Bank

of

America

NA

06/19/2020

JPY

272,983‌

$

2,506‌

26‌

—‌

Bank

of

America

NA

06/19/2020

MXN

5,219‌

$

235‌

—‌

—‌

Bank

of

America

NA

06/19/2020

MXN

87,446‌

$

3,820‌

115‌

—‌

Bank

of

America

NA

06/19/2020

$

4,839‌

MXN

117,654‌

—‌

(455‌)

Bank

of

America

NA

06/19/2020

$

375‌

MXN

8,168‌

7‌

—‌

Bank

of

America

NA

06/19/2020

NZD

688‌

$

428‌

—‌

(1‌)

Bank

of

America

NA

06/19/2020

NZD

1,668‌

$

1,012‌

23‌

—‌

Bank

of

America

NA

06/19/2020

$

3‌

NZD

5‌

—‌

—‌

Bank

of

America

NA

06/19/2020

$

4,875‌

NZD

8,054‌

—‌

(123‌)

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

92

Foreign

Currency

Contracts

(continued)

Unrealized

Appreciation/(Depreciation)

Counterparty

Settlement

Date

Currency

to

Accept

Currency

to

Deliver

Asset

Liability

Bank

of

America

NA

06/19/2020

$

884‌

CHF

857‌

$

—‌

$

(8‌)

Bank

of

America

NA

06/19/2020

CHF

8,730‌

$

9,177‌

—‌

(94‌)

Bank

of

America

NA

06/19/2020

$

2,070‌

CHF

1,945‌

46‌

—‌

Bank

of

America

NA

06/19/2020

CHF

1,264‌

$

1,307‌

8‌

—‌

Bank

of

New

York

Mellon

06/01/2020

$

210‌

EUR

190‌

—‌

(1‌)

Bank

of

New

York

Mellon

06/12/2020

$

1,300‌

EUR

1,119‌

58‌

—‌

Bank

of

New

York

Mellon

06/12/2020

$

2,751‌

EUR

2,532‌

—‌

(61‌)

Bank

of

New

York

Mellon

06/16/2020

$

4,847‌

EUR

4,350‌

17‌

—‌

Bank

of

New

York

Mellon

06/16/2020

EUR

1,500‌

$

1,628‌

37‌

—‌

Bank

of

New

York

Mellon

06/17/2020

$

2,312‌

GBP

1,860‌

15‌

—‌

Bank

of

New

York

Mellon

06/17/2020

$

1,688‌

GBP

1,435‌

—‌

(84‌)

Bank

of

New

York

Mellon

06/17/2020

GBP

4,647‌

$

5,888‌

—‌

(149‌)

Bank

of

New

York

Mellon

06/17/2020

GBP

970‌

$

1,181‌

17‌

—‌

Bank

of

New

York

Mellon

06/17/2020

CAD

875‌

$

606‌

30‌

—‌

Bank

of

New

York

Mellon

06/17/2020

$

831‌

CAD

1,150‌

—‌

(4‌)

Bank

of

New

York

Mellon

06/17/2020

$

82‌

DKK

550‌

—‌

—‌

Bank

of

New

York

Mellon

06/17/2020

$

524‌

DKK

3,600‌

—‌

(12‌)

Bank

of

New

York

Mellon

06/17/2020

DKK

3,050‌

$

441‌

13‌

—‌

Bank

of

New

York

Mellon

06/17/2020

EUR

270‌

$

307‌

—‌

(7‌)

Bank

of

New

York

Mellon

06/17/2020

$

6,126‌

EUR

5,625‌

—‌

(119‌)

Bank

of

New

York

Mellon

06/17/2020

EUR

440‌

$

476‌

13‌

—‌

Bank

of

New

York

Mellon

06/17/2020

$

4,788‌

EUR

4,245‌

75‌

—‌

Bank

of

New

York

Mellon

06/17/2020

$

367‌

HKD

2,850‌

—‌

(1‌)

Bank

of

New

York

Mellon

06/17/2020

JPY

270,000‌

$

2,488‌

16‌

—‌

Bank

of

New

York

Mellon

06/17/2020

$

12,326‌

JPY

1,280,200‌

452‌

—‌

Bank

of

New

York

Mellon

06/17/2020

JPY

360,700‌

$

3,367‌

—‌

(21‌)

Bank

of

New

York

Mellon

06/17/2020

$

509‌

NOK

5,150‌

—‌

(21‌)

Bank

of

New

York

Mellon

06/17/2020

NOK

2,765‌

$

268‌

17‌

—‌

Bank

of

New

York

Mellon

06/17/2020

$

139‌

SEK

1,400‌

—‌

(10‌)

Bank

of

New

York

Mellon

06/17/2020

$

1,070‌

CHF

1,000‌

30‌

—‌

Bank

of

New

York

Mellon

06/17/2020

CHF

700‌

$

723‌

5‌

—‌

Bank

of

New

York

Mellon

07/16/2020

$

1,508‌

ZAR

27,683‌

—‌

(63‌)

Bank

of

New

York

Mellon

07/17/2020

$

3,251‌

GBP

2,600‌

40‌

—‌

Barclays

Bank

PLC

06/03/2020

EUR

1,770‌

$

1,911‌

53‌

—‌

Barclays

Bank

PLC

06/03/2020

$

1,916‌

EUR

1,770‌

—‌

(48‌)

Barclays

Bank

PLC

06/05/2020

$

2,921‌

AUD

4,440‌

—‌

(38‌)

Barclays

Bank

PLC

06/05/2020

AUD

833‌

$

546‌

9‌

—‌

Barclays

Bank

PLC

06/05/2020

$

1,702‌

GBP

1,388‌

—‌

(12‌)

Barclays

Bank

PLC

06/05/2020

GBP

1,388‌

$

1,702‌

12‌

—‌

Barclays

Bank

PLC

06/05/2020

$

555‌

CAD

764‌

—‌

—‌

Barclays

Bank

PLC

06/05/2020

$

2,140‌

EUR

1,943‌

—‌

(16‌)

Barclays

Bank

PLC

06/05/2020

EUR

4,163‌

$

4,588‌

33‌

—‌

Barclays

Bank

PLC

06/05/2020

IDR

8,626,521‌

$

557‌

33‌

—‌

Barclays

Bank

PLC

06/05/2020

$

557‌

IDR

8,560,245‌

—‌

(29‌)

Barclays

Bank

PLC

06/05/2020

JPY

619,016‌

$

5,796‌

—‌

(56‌)

Barclays

Bank

PLC

06/05/2020

NOK

11,789‌

$

1,173‌

40‌

—‌

Barclays

Bank

PLC

06/05/2020

$

614‌

SEK

5,844‌

—‌

(6‌)

Barclays

Bank

PLC

06/05/2020

SEK

2,939‌

$

306‌

6‌

—‌

Barclays

Bank

PLC

06/08/2020

$

235‌

CLP

188,298‌

—‌

—‌

Barclays

Bank

PLC

06/08/2020

$

6,938‌

CLP

5,604,113‌

—‌

(64‌)

Barclays

Bank

PLC

06/08/2020

CLP

5,792,410‌

$

6,937‌

300‌

—‌

Barclays

Bank

PLC

06/08/2020

MXN

35,573‌

$

1,480‌

123‌

—‌

Barclays

Bank

PLC

06/08/2020

$

296‌

MXN

7,076‌

—‌

(23‌)

Barclays

Bank

PLC

06/08/2020

MXN

37,579‌

$

1,776‌

—‌

(83‌)

Barclays

Bank

PLC

06/08/2020

$

3,256‌

MXN

66,076‌

278‌

—‌

Barclays

Bank

PLC

06/08/2020

$

1,665‌

KRW

2,018,421‌

34‌

—‌

Barclays

Bank

PLC

06/08/2020

KRW

2,031,392‌

$

1,665‌

—‌

(23‌)

Barclays

Bank

PLC

06/09/2020

CLP

1,599,017‌

$

1,943‌

55‌

—‌

Barclays

Bank

PLC

06/09/2020

$

1,986‌

CLP

1,599,017‌

—‌

(12‌)

Barclays

Bank

PLC

06/11/2020

$

943‌

CLP

772,727‌

—‌

(22‌)

Barclays

Bank

PLC

06/11/2020

CLP

780,266‌

$

944‌

31‌

—‌

Barclays

Bank

PLC

06/11/2020

THB

325,097‌

$

10,540‌

—‌

(320‌)

Barclays

Bank

PLC

06/11/2020

$

10,540‌

THB

325,729‌

300‌

—‌

Barclays

Bank

PLC

06/12/2020

$

9‌

CLP

7,215‌

—‌

—‌

Barclays

Bank

PLC

06/12/2020

CLP

1,148,156‌

$

1,388‌

47‌

—‌

Barclays

Bank

PLC

06/12/2020

$

1,388‌

CLP

1,140,941‌

—‌

(38‌)

Barclays

Bank

PLC

06/15/2020

$

790‌

EUR

722‌

—‌

(12‌)

Barclays

Bank

PLC

06/15/2020

EUR

1,832‌

$

2,005‌

29‌

—‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

93

Foreign

Currency

Contracts

(continued)

Unrealized

Appreciation/(Depreciation)

Counterparty

Settlement

Date

Currency

to

Accept

Currency

to

Deliver

Asset

Liability

Barclays

Bank

PLC

06/15/2020

JPY

191,285‌

$

1,784‌

$

—‌

$

(10‌)

Barclays

Bank

PLC

06/15/2020

$

590‌

JPY

63,547‌

1‌

—‌

Barclays

Bank

PLC

06/16/2020

$

3,971‌

BRL

18,636‌

481‌

—‌

Barclays

Bank

PLC

06/16/2020

BRL

18,548‌

$

3,973‌

—‌

(499‌)

Barclays

Bank

PLC

06/16/2020

$

1,168‌

BRL

6,277‌

—‌

(8‌)

Barclays

Bank

PLC

06/16/2020

MXN

7,782‌

$

411‌

—‌

(61‌)

Barclays

Bank

PLC

06/16/2020

$

412‌

MXN

7,777‌

62‌

—‌

Barclays

Bank

PLC

06/17/2020

$

597‌

EUR

555‌

—‌

(19‌)

Barclays

Bank

PLC

06/17/2020

EUR

555‌

$

603‌

13‌

—‌

Barclays

Bank

PLC

06/17/2020

EUR

1,693‌

$

1,869‌

11‌

—‌

Barclays

Bank

PLC

06/17/2020

$

11,260‌

MXN

219,467‌

1,382‌

—‌

Barclays

Bank

PLC

06/17/2020

MXN

219,467‌

$

11,503‌

—‌

(1,625‌)

Barclays

Bank

PLC

06/17/2020

$

604‌

ZAR

11,437‌

—‌

(47‌)

Barclays

Bank

PLC

06/17/2020

ZAR

11,463‌

$

597‌

55‌

—‌

Barclays

Bank

PLC

06/18/2020

$

942‌

EUR

866‌

—‌

(20‌)

Barclays

Bank

PLC

06/18/2020

EUR

866‌

$

945‌

17‌

—‌

Barclays

Bank

PLC

06/18/2020

INR

42,511‌

$

563‌

—‌

(1‌)

Barclays

Bank

PLC

06/18/2020

$

855‌

INR

66,480‌

—‌

(24‌)

Barclays

Bank

PLC

06/18/2020

INR

108,179‌

$

1,403‌

27‌

—‌

Barclays

Bank

PLC

06/18/2020

$

873‌

JPY

93,990‌

1‌

—‌

Barclays

Bank

PLC

06/18/2020

JPY

72,277‌

$

651‌

19‌

—‌

Barclays

Bank

PLC

06/18/2020

JPY

23,705‌

$

222‌

—‌

(2‌)

Barclays

Bank

PLC

06/18/2020

MYR

6,003‌

$

1,387‌

—‌

(5‌)

Barclays

Bank

PLC

06/18/2020

$

1,665‌

MYR

7,244‌

—‌

(3‌)

Barclays

Bank

PLC

06/18/2020

MYR

1,210‌

$

278‌

1‌

—‌

Barclays

Bank

PLC

06/22/2020

$

556‌

CLP

446,107‌

—‌

(1‌)

Barclays

Bank

PLC

06/22/2020

CLP

455,086‌

$

556‌

13‌

—‌

Barclays

Bank

PLC

06/24/2020

IDR

33,603,505‌

$

2,020‌

271‌

—‌

Barclays

Bank

PLC

06/24/2020

$

2,020‌

IDR

33,396,948‌

—‌

(257‌)

Barclays

Bank

PLC

06/26/2020

$

1,110‌

KRW

1,368,963‌

—‌

—‌

Barclays

Bank

PLC

06/29/2020

$

832‌

KRW

1,028,346‌

—‌

(2‌)

Barclays

Bank

PLC

07/02/2020

$

606‌

ZAR

9,711‌

54‌

—‌

Barclays

Bank

PLC

07/02/2020

ZAR

9,711‌

$

600‌

—‌

(48‌)

Barclays

Bank

PLC

07/03/2020

$

1,110‌

BRL

6,221‌

—‌

(54‌)

Barclays

Bank

PLC

07/03/2020

BRL

4,377‌

$

832‌

—‌

(13‌)

Barclays

Bank

PLC

07/03/2020

BRL

1,578‌

$

271‌

24‌

—‌

Barclays

Bank

PLC

07/16/2020

$

555‌

ZAR

10,312‌

—‌

(30‌)

Barclays

Bank

PLC

07/16/2020

ZAR

10,236‌

$

555‌

26‌

—‌

Barclays

Bank

PLC

07/17/2020

CNH

18,923‌

$

2,668‌

—‌

(24‌)

Barclays

Bank

PLC

07/17/2020

CNH

6,396‌

$

888‌

5‌

—‌

Barclays

Bank

PLC

07/17/2020

$

7,114‌

CNH

51,007‌

—‌

(12‌)

Barclays

Bank

PLC

07/17/2020

$

7,769‌

CNH

55,154‌

64‌

—‌

Barclays

Bank

PLC

07/17/2020

$

1,463‌

COP

5,252,931‌

58‌

—‌

Barclays

Bank

PLC

07/17/2020

COP

5,295,182‌

$

1,463‌

—‌

(47‌)

Barclays

Bank

PLC

07/23/2020

$

266‌

EUR

245‌

—‌

(6‌)

Barclays

Bank

PLC

07/24/2020

IDR

4,440,000‌

$

277‌

23‌

—‌

Barclays

Bank

PLC

07/24/2020

$

277‌

IDR

4,262,400‌

—‌

(11‌)

Barclays

Bank

PLC

08/04/2020

CLP

500,356‌

$

611‌

14‌

—‌

Barclays

Bank

PLC

08/04/2020

$

611‌

CLP

505,168‌

—‌

(20‌)

Barclays

Bank

PLC

08/12/2020

INR

76,350‌

$

999‌

5‌

—‌

Barclays

Bank

PLC

08/25/2020

MXN

57,170‌

$

2,815‌

—‌

(267‌)

Barclays

Bank

PLC

08/25/2020

$

2,934‌

MXN

57,170‌

386‌

—‌

Barclays

Bank

PLC

08/26/2020

$

1,450‌

THB

45,820‌

10‌

—‌

Barclays

Bank

PLC

08/26/2020

THB

45,617‌

$

1,450‌

—‌

(16‌)

Barclays

Bank

PLC

08/27/2020

THB

119,823‌

$

3,685‌

82‌

—‌

Barclays

Bank

PLC

08/27/2020

$

2,555‌

THB

80,437‌

27‌

—‌

Barclays

Bank

PLC

08/27/2020

THB

26,826‌

$

850‌

—‌

(7‌)

Barclays

Bank

PLC

08/27/2020

$

3,245‌

THB

105,636‌

—‌

(76‌)

Barclays

Bank

PLC

09/16/2020

EUR

278‌

$

309‌

—‌

—‌

Barclays

Bank

PLC

09/16/2020

JPY

29,813‌

$

278‌

—‌

(1‌)

Barclays

Bank

PLC

09/16/2020

$

1,388‌

THB

44,213‌

—‌

(2‌)

Barclays

Bank

PLC

09/17/2020

MYR

1,210‌

$

278‌

1‌

—‌

Barclays

Bank

PLC

09/30/2020

$

6,141‌

EUR

5,630‌

—‌

(123‌)

Barclays

Bank

PLC

09/30/2020

EUR

2,815‌

$

3,150‌

—‌

(18‌)

Barclays

Bank

PLC

09/30/2020

EUR

2,815‌

$

3,130‌

2‌

—‌

Barclays

Bank

PLC

09/30/2020

HUF

2,054,007‌

$

6,141‌

430‌

—‌

Barclays

Bank

PLC

09/30/2020

$

6,400‌

HUF

2,054,007‌

—‌

(171‌)

Barclays

Bank

PLC

09/30/2020

ZAR

63,839‌

$

3,493‌

104‌

—‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

94

Foreign

Currency

Contracts

(continued)

Unrealized

Appreciation/(Depreciation)

Counterparty

Settlement

Date

Currency

to

Accept

Currency

to

Deliver

Asset

Liability

Barclays

Bank

PLC

09/30/2020

$

355‌

ZAR

6,290‌

$

1‌

$

—‌

Barclays

Bank

PLC

09/30/2020

$

3,138‌

ZAR

58,017‌

—‌

(131‌)

Barclays

Bank

PLC

10/05/2020

CLP

1,754,364‌

$

2,137‌

57‌

—‌

Barclays

Bank

PLC

10/05/2020

$

2,138‌

CLP

1,756,461‌

—‌

(59‌)

Barclays

Bank

PLC

10/07/2020

$

306‌

CLP

249,248‌

—‌

(6‌)

Barclays

Bank

PLC

10/07/2020

CLP

245,175‌

$

306‌

1‌

—‌

Barclays

Bank

PLC

10/08/2020

CLP

1,156,343‌

$

1,387‌

59‌

—‌

Barclays

Bank

PLC

10/08/2020

CLP

20,257‌

$

25‌

—‌

—‌

Barclays

Bank

PLC

10/08/2020

$

1,388‌

CLP

1,176,600‌

—‌

(84‌)

Barclays

Bank

PLC

10/09/2020

CLP

247,599‌

$

311‌

—‌

(1‌)

Barclays

Bank

PLC

10/09/2020

$

6,937‌

CLP

5,838,253‌

—‌

(366‌)

Barclays

Bank

PLC

10/09/2020

CLP

5,590,654‌

$

6,937‌

56‌

—‌

Barclays

Bank

PLC

10/14/2020

CLP

763‌

$

1‌

—‌

—‌

Barclays

Bank

PLC

10/14/2020

CLP

1,158,354‌

$

1,387‌

62‌

—‌

Barclays

Bank

PLC

10/14/2020

$

1,387‌

CLP

1,159,118‌

—‌

(63‌)

Barclays

Bank

PLC

10/14/2020

$

1,498‌

IDR

24,494,481‌

—‌

(127‌)

Barclays

Bank

PLC

10/14/2020

IDR

24,563,412‌

$

1,499‌

131‌

—‌

Barclays

Bank

PLC

10/16/2020

CLP

1,641,626‌

$

2,043‌

11‌

—‌

Barclays

Bank

PLC

10/16/2020

$

1,943‌

CLP

1,641,626‌

—‌

(111‌)

Barclays

Bank

PLC

10/19/2020

CLP

1,158,563‌

$

1,388‌

62‌

—‌

Barclays

Bank

PLC

10/19/2020

CLP

24,212‌

$

30‌

—‌

—‌

Barclays

Bank

PLC

10/19/2020

$

1,388‌

CLP

1,182,774‌

—‌

(92‌)

Barclays

Bank

PLC

11/12/2020

CLP

1,137,750‌

$

1,387‌

37‌

—‌

Barclays

Bank

PLC

11/12/2020

$

1,387‌

CLP

1,143,508‌

—‌

(44‌)

Barclays

Bank

PLC

11/12/2020

CLP

5,758‌

$

7‌

—‌

—‌

Barclays

Bank

PLC

03/31/2021

EUR

1,408‌

$

1,583‌

—‌

(10‌)

Barclays

Bank

PLC

03/31/2021

$

1,561‌

EUR

1,408‌

—‌

(12‌)

Barclays

Bank

PLC

03/31/2021

HUF

515,849‌

$

1,560‌

91‌

—‌

Barclays

Bank

PLC

03/31/2021

$

1,619‌

HUF

515,849‌

—‌

(32‌)

BMO

Capital

Markets

06/17/2020

$

4,780‌

GBP

3,811‌

74‌

—‌

Citigroup

Inc

06/15/2020

EUR

524‌

$

577‌

4‌

—‌

Citigroup

Inc

06/15/2020

$

2,641‌

EUR

2,421‌

—‌

(47‌)

Deutsche

Bank

AG

06/17/2020

$

10,920‌

EUR

9,751‌

93‌

—‌

Deutsche

Bank

AG

07/31/2020

$

362‌

GBP

291‌

3‌

—‌

HSBC

Securities

Inc

06/15/2020

EUR

1,072‌

$

1,179‌

11‌

—‌

HSBC

Securities

Inc

06/15/2020

$

530‌

EUR

482‌

—‌

(5‌)

HSBC

Securities

Inc

06/19/2020

BRL

20,150‌

$

3,515‌

258‌

—‌

HSBC

Securities

Inc

06/19/2020

$

3,483‌

BRL

20,150‌

—‌

(290‌)

HSBC

Securities

Inc

06/19/2020

CLP

2,150,000‌

$

2,674‌

12‌

—‌

HSBC

Securities

Inc

06/19/2020

$

2,614‌

CLP

2,150,000‌

—‌

(72‌)

HSBC

Securities

Inc

06/19/2020

IDR

34,150,000‌

$

2,302‌

28‌

—‌

HSBC

Securities

Inc

06/19/2020

$

2,267‌

IDR

34,150,000‌

—‌

(63‌)

HSBC

Securities

Inc

06/19/2020

MXN

73,100‌

$

3,189‌

100‌

—‌

HSBC

Securities

Inc

06/19/2020

PEN

7,600‌

$

2,221‌

—‌

(1‌)

HSBC

Securities

Inc

06/19/2020

$

7,043‌

PEN

24,200‌

—‌

(26‌)

HSBC

Securities

Inc

06/19/2020

PLN

16,150‌

$

3,947‌

81‌

—‌

HSBC

Securities

Inc

06/19/2020

$

2,625‌

ZAR

45,818‌

18‌

—‌

HSBC

Securities

Inc

06/19/2020

ZAR

113,800‌

$

6,355‌

121‌

—‌

HSBC

Securities

Inc

08/13/2020

$

76‌

EUR

70‌

—‌

(2‌)

JPMorgan

Chase

06/15/2020

$

8,772‌

EUR

8,122‌

—‌

(246‌)

JPMorgan

Chase

06/15/2020

$

72‌

EUR

65‌

—‌

—‌

JPMorgan

Chase

06/17/2020

EUR

1,782‌

$

1,964‌

15‌

—‌

JPMorgan

Chase

06/19/2020

MXN

120,000‌

$

5,190‌

210‌

—‌

JPMorgan

Chase

06/19/2020

$

2,518‌

MXN

61,000‌

—‌

(227‌)

JPMorgan

Chase

06/19/2020

PLN

5,450‌

$

1,355‌

4‌

—‌

JPMorgan

Chase

06/19/2020

ZAR

22,900‌

$

1,312‌

—‌

(9‌)

JPMorgan

Chase

06/19/2020

$

3,710‌

ZAR

68,000‌

—‌

(159‌)

JPMorgan

Chase

06/19/2020

$

4,519‌

TRY

33,200‌

—‌

(326‌)

JPMorgan

Chase

06/19/2020

TRY

13,600‌

$

1,993‌

—‌

(8‌)

Merrill

Lynch

07/23/2020

$

373‌

CAD

530‌

—‌

(12‌)

Merrill

Lynch

07/23/2020

$

206‌

EUR

190‌

—‌

(5‌)

Morgan

Stanley

&

Co

06/16/2020

$

118‌

EUR

105‌

1‌

—‌

Morgan

Stanley

&

Co

06/16/2020

$

548‌

EUR

500‌

—‌

(7‌)

Morgan

Stanley

&

Co

06/17/2020

$

2,125‌

CNH

14,917‌

37‌

—‌

Morgan

Stanley

&

Co

06/17/2020

CNH

6,064‌

$

860‌

—‌

(11‌)

Morgan

Stanley

&

Co

06/17/2020

$

290‌

CNH

2,076‌

—‌

(1‌)

Morgan

Stanley

&

Co

07/08/2020

$

821‌

COP

3,330,000‌

—‌

(70‌)

Standard

Chartered

Bank,

Hong

Kong

07/02/2020

$

671‌

EUR

615‌

—‌

(12‌)

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

95

Foreign

Currency

Contracts

(continued)

Unrealized

Appreciation/(Depreciation)

Counterparty

Settlement

Date

Currency

to

Accept

Currency

to

Deliver

Asset

Liability

State

Street

Financial

Global

Markets

06/17/2020

GBP

630‌

$

796‌

$

—‌

$

(18‌)

UBS

AG

07/22/2020

THB

58,310‌

$

1,819‌

14‌

—‌

UBS

AG

07/22/2020

$

1,792‌

THB

58,310‌

—‌

(41‌)

Total

$

8,796‌

$

(9,894‌)

Amounts

in

thousands.

Credit

Default

Swaps

Buy

Protection

Counterparty

Reference

Entity

Implied

Credit

Spread

as

of

May

31,

2020

(a)

(Pay)/

Receive

Fixed

Rate

Payment

Frequency

Maturity

Date

Notional

Amount

Upfront

Payments/

(Receipts)

Unrealized

Appreciation/

(Depreciation)

Fair

Value

Asset

----

Liability

Bank

of

America

NA

Mexico

Government

International

Bond,

4.15%,

03/28/2027

1.77%

(1.00)%

Quarterly

06/20/2025

$

230‌

$

21‌

$

(12‌)

$

9‌

$

—‌

Bank

of

America

NA

Mexico

Government

International

Bond,

4.15%,

03/28/2027

1.77%

(1.00)%

Quarterly

06/20/2025

1,150‌

101‌

(58‌)

43‌

—‌

Barclays

Bank

PLC

CDX.33.EM.100

N/A

(1.00)%

Quarterly

06/20/2025

500‌

49‌

(6‌)

43‌

—‌

Barclays

Bank

PLC

CDX.33.EM.100

N/A

(1.00)%

Quarterly

06/20/2025

200‌

20‌

(3‌)

17‌

—‌

Barclays

Bank

PLC

CDX.33.EM.100

N/A

(1.00)%

Quarterly

06/20/2025

5,700‌

634‌

(137‌)

497‌

—‌

Citigroup

Inc

CDX.33.EM.100

N/A

(1.00)%

Quarterly

06/20/2025

3,000‌

311‌

(50‌)

261‌

—‌

Citigroup

Inc

Republic

of

Indonesia,

3.70%,

01/08/2022

1.63%

(1.00)%

Quarterly

06/20/2025

1,375‌

73‌

(31‌)

42‌

—‌

Goldman

Sachs

&

Co

Pitney

Bowes

Inc,

4.70%,

04/01/2023

14.58%

(1.00)%

Quarterly

06/20/2023

250‌

80‌

(5‌)

75‌

—‌

Goldman

Sachs

&

Co

Republic

of

Indonesia,

3.70%,

01/08/2022

1.63%

(1.00)%

Quarterly

06/20/2025

3,575‌

243‌

(134‌)

109‌

—‌

Merrill

Lynch

Mexico

Government

International

Bond,

4.15%,

03/28/2027

1.77%

(1.00)%

Quarterly

06/20/2025

1,170‌

112‌

(69‌)

43‌

—‌

Morgan

Stanley

&

Co

China

Government

International

Bond,

7.50%,

10/28/2027

0.56%

(1.00)%

Quarterly

06/20/2025

1,275‌

(25‌)

(3‌)

—‌

(28‌)

Morgan

Stanley

&

Co

China

Government

International

Bond,

7.50%,

10/28/2027

0.56%

(1.00)%

Quarterly

06/20/2025

1,250‌

(29‌)

2‌

—‌

(27‌)

Morgan

Stanley

&

Co

Enel

Spa,

5.25%,

05/20/2024

0.53%

(1.00)%

Quarterly

12/20/2023

EUR

750‌

4‌

(18‌)

—‌

(14‌)

Total

$

1,594‌

$

(524‌)

$

1,139‌

$

(69‌)

Sell

Protection

Counterparty

Reference

Entity

Implied

Credit

Spread

as

of

May

31,

2020

(a)

(Pay)/

Receive

Fixed

Rate

Payment

Frequency

Maturity

Date

Notional

Amount

(b)

Upfront

Payments/

(Receipts)

Unrealized

Appreciation/

(Depreciation)

Fair

Value

(c)

Asset

----

Liability

Barclays

Bank

PLC

Brazilian

Government

International

Bond,

4.25%,

01/07/2025

2.83%

1.00%

Quarterly

06/20/2025

$

700‌

$

(69‌)

$

9‌

$

—‌

$

(60‌)

Barclays

Bank

PLC

Brazilian

Government

International

Bond,

4.25%,

01/07/2025

2.83%

1.00%

Quarterly

06/20/2025

700‌

(72‌)

12‌

—‌

(60‌)

Barclays

Bank

PLC

Brazilian

Government

International

Bond,

4.25%,

01/07/2025

2.83%

1.00%

Quarterly

06/20/2025

700‌

(78‌)

18‌

—‌

(60‌)

Barclays

Bank

PLC

Brazilian

Government

International

Bond,

4.25%,

01/07/2025

2.83%

1.00%

Quarterly

06/20/2025

559‌

(57‌)

9‌

—‌

(48‌)

Barclays

Bank

PLC

Mexico

Government

International

Bond,

4.15%,

03/28/2027

1.77%

1.00%

Quarterly

06/20/2025

143‌

(12‌)

7‌

—‌

(5‌)

Citigroup

Inc

Petroleos

Mexicanos,

6.63%,

06/15/2035

6.55%

1.00%

Quarterly

06/20/2024

375‌

(24‌)

(48‌)

—‌

(72‌)

Goldman

Sachs

&

Co

Petroleos

Mexicanos,

6.63%,

06/15/2035

6.55%

1.00%

Quarterly

06/20/2024

325‌

(22‌)

(41‌)

—‌

(63‌)

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

96

Credit

Default

Swaps

(continued)

Sell

Protection

(continued)

Counterparty

Reference

Entity

Implied

Credit

Spread

as

of

May

31,

2020

(a)

(Pay)/

Receive

Fixed

Rate

Payment

Frequency

Maturity

Date

Notional

Amount

(b)

Upfront

Payments/

(Receipts)

Unrealized

Appreciation/

(Depreciation)

Fair

Value

(c)

Asset

----

Liability

JPMorgan

Chase

Petroleos

Mexicanos,

6.63%,

06/15/2035

6.55%

1.00%

Quarterly

06/20/2024

$

900‌

$

(61‌)

$

(112‌)

$

—‌

$

(173‌)

Total

$

(395‌)

$

(146‌)

$

—‌

$

(541‌)

Amounts

in

thousands.

Exchange

Cleared

Credit

Default

Swaps

Buy

Protection

Reference

Entity

Implied

Credit

Spread

as

of

May

31,

2020

(a)

(Pay)/

Receive

Fixed

Rate

Payment

Frequency

Maturity

Date

Notional

Amount

Upfront

Payments/

(Receipts)

Unrealized

Appreciation/

(Depreciation)

Fair

Value

Turkey

Government

International

Bond,

11.88%,

01/15/2030

5.52%

(1.00)%

Quarterly

06/20/2025

$

11,398‌

$

1,738‌

$

476‌

$

2,214‌

Total

$

1,738‌

$

476‌

$

2,214‌

Sell

Protection

Reference

Entity

Implied

Credit

Spread

as

of

May

31,

2020

(a)

(Pay)/

Receive

Fixed

Rate

Payment

Frequency

Maturity

Date

Notional

Amount

(b)

Upfront

Payments/

(Receipts)

Unrealized

Appreciation/

(Depreciation)

Fair

Value

(c)

CDX.34.HY

N/A

5.00%

Quarterly

06/20/2025

$

8,683‌

$

(437‌)

$

261‌

$

(176‌)

Total

$

(437‌)

$

261‌

$

(176‌)

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

$13,085.

(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.

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

Barclays

Bank

PLC

6

Month

Warsaw

Interbank

Offered

Rate

Receive

2.20%

Annual

Semiannual

N/A

12/12/2023

PLN

10,712‌

$

(173‌)

$

—‌

$

—‌

$

(173‌)

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

153‌

—‌

153‌

—‌

Total

$

(20‌)

$

—‌

$

153‌

$

(173‌)

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

6.59%

Quarterly

Quarterly

N/A

11/11/2022

ZAR

105,000‌

$

(323‌)

$

5‌

$

(318‌)

3

Month

Johannesburg

Interbank

Agreed

Rate

Receive

5.58%

Quarterly

Quarterly

N/A

11/05/2025

14,025‌

3‌

1‌

4‌

3

Month

Johannesburg

Interbank

Agreed

Rate

Pay

7.06%

Quarterly

Quarterly

N/A

04/07/2025

13,320‌

55‌

3‌

58‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

97

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

Johannesburg

Interbank

Agreed

Rate

Pay

7.20%

Quarterly

Quarterly

N/A

11/11/2022

ZAR

105,000‌

$

424‌

$

(20‌)

$

404‌

3

Month

KRW

Certificate

of

Deposit

Receive

1.41%

Quarterly

Quarterly

N/A

01/28/2022

$

8,790,000‌

(78‌)

—‌

(78‌)

3

Month

KRW

Certificate

of

Deposit

Receive

1.31%

Quarterly

Quarterly

N/A

11/22/2029

1,391,000‌

(46‌)

—‌

(46‌)

3

Month

KRW

Certificate

of

Deposit

Receive

1.39%

Quarterly

Quarterly

N/A

12/18/2029

1,690,489‌

(67‌)

—‌

(67‌)

3

Month

KRW

Certificate

of

Deposit

Receive

1.75%

Annual

Annual

N/A

03/17/2030

12,855,000‌

(829‌)

—‌

(829‌)

3

Month

KRW

Certificate

of

Deposit

Pay

2.00%

Annual

Annual

N/A

03/17/2022

85,700,000‌

1,289‌

1‌

1,290‌

3

Month

USD

LIBOR

Receive

2.93%

Semiannual

Quarterly

N/A

06/11/2025

3,963‌

(513‌)

1‌

(512‌)

3

Month

USD

LIBOR

Receive

2.88%

Semiannual

Quarterly

N/A

08/21/2025

6,337‌

(830‌)

—‌

(830‌)

3

Month

USD

LIBOR

Receive

2.75%

Semiannual

Quarterly

N/A

03/29/2025

1,575‌

(182‌)

1‌

(181‌)

3

Month

USD

LIBOR

Pay

2.98%

Quarterly

Semiannual

N/A

08/07/2023

4,428‌

383‌

—‌

383‌

3

Month

USD

LIBOR

Receive

3.04%

Semiannual

Quarterly

N/A

05/22/2025

3,180‌

(425‌)

1‌

(424‌)

3

Month

USD

LIBOR

Receive

3.04%

Semiannual

Quarterly

N/A

08/07/2028

2,362‌

(477‌)

—‌

(477‌)

3

Month

USD

LIBOR

Receive

3.09%

Semiannual

Quarterly

N/A

10/01/2024

4,584‌

(546‌)

—‌

(546‌)

3

Month

USD

LIBOR

Receive

2.97%

Semiannual

Quarterly

N/A

04/25/2025

2,700‌

(344‌)

1‌

(343‌)

3

Month

USD

LIBOR

Receive

2.77%

Semiannual

Quarterly

N/A

03/07/2025

3,938‌

(455‌)

1‌

(454‌)

3

Month

USD

LIBOR

Receive

0.41%

Semiannual

Quarterly

N/A

05/07/2025

686‌

(2‌)

—‌

(2‌)

3

Month

USD

LIBOR

Receive

2.97%

Semiannual

Quarterly

N/A

05/04/2025

2,381‌

(306‌)

—‌

(306‌)

3

Month

USD

LIBOR

Receive

0.41%

Semiannual

Quarterly

N/A

05/07/2025

1,197‌

(3‌)

—‌

(3‌)

6

Month

Budapest

Interbank

Offered

Rate

Receive

2.09%

Annual

Semiannual

N/A

07/11/2023

HUF

482,425‌

(73‌)

11‌

(62‌)

6

Month

Euro

Interbank

Offered

Rate

Receive

0.05%

Annual

Semiannual

N/A

08/27/2034

EUR

870‌

(7‌)

—‌

(7‌)

6

Month

Euro

Interbank

Offered

Rate

Receive

0.06%

Annual

Semiannual

N/A

04/18/2024

1,487‌

(25‌)

1‌

(24‌)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.19)%

Semiannual

Annual

N/A

08/27/2029

1,305‌

(5‌)

1‌

(4‌)

6

Month

Prague

Interbank

Offered

Rate

Pay

1.59%

Semiannual

Annual

N/A

08/16/2021

CZK

85,188‌

38‌

1‌

39‌

6

Month

Thai

Baht

Interest

Rate

Fixing

Pay

0.81%

Semiannual

Semiannual

N/A

09/16/2025

$

55,500‌

(3‌)

—‌

(3‌)

6

Month

Thai

Baht

Interest

Rate

Fixing

Pay

0.73%

Semiannual

Semiannual

N/A

09/16/2023

90,465‌

3‌

—‌

3‌

6

Month

Warsaw

Interbank

Offered

Rate

Pay

1.44%

Semiannual

Annual

N/A

09/02/2024

PLN

22,192‌

217‌

7‌

224‌

6

Month

Warsaw

Interbank

Offered

Rate

Pay

0.74%

Semiannual

Annual

N/A

04/03/2022

11,655‌

19‌

1‌

20‌

6

Month

Warsaw

Interbank

Offered

Rate

Pay

0.76%

Semiannual

Annual

N/A

03/31/2022

11,823‌

21‌

—‌

21‌

6

Month

Warsaw

Interbank

Offered

Rate

Receive

0.87%

Annual

Semiannual

N/A

03/31/2025

4,785‌

(21‌)

—‌

(21‌)

6

Month

Warsaw

Interbank

Offered

Rate

Pay

1.85%

Semiannual

Annual

N/A

01/28/2022

146,200‌

897‌

1‌

898‌

6

Month

Warsaw

Interbank

Offered

Rate

Receive

2.52%

Annual

Semiannual

N/A

03/09/2022

3,605‌

(34‌)

1‌

(33‌)

6

Month

Warsaw

Interbank

Offered

Rate

Receive

2.02%

Annual

Semiannual

N/A

01/28/2030

31,050‌

(933‌)

(3‌)

(936‌)

6

Month

Warsaw

Interbank

Offered

Rate

Receive

0.86%

Annual

Annual

N/A

04/02/2025

4,786‌

(21‌)

—‌

(21‌)

6

Month

Warsaw

Interbank

Offered

Rate

Pay

0.74%

Semiannual

Annual

N/A

04/02/2022

11,823‌

20‌

—‌

20‌

6

Month

Warsaw

Interbank

Offered

Rate

Receive

2.54%

Annual

Semiannual

N/A

05/17/2023

5,873‌

(98‌)

1‌

(97‌)

6

Month

Warsaw

Interbank

Offered

Rate

Receive

0.87%

Annual

Semiannual

N/A

04/03/2025

4,717‌

(20‌)

(1‌)

(21‌)

6

Month

Warsaw

Interbank

Offered

Rate

Pay

1.51%

Semiannual

Annual

N/A

02/19/2022

27,840‌

131‌

2‌

133‌

6

Month

Warsaw

Interbank

Offered

Rate

Receive

2.37%

Annual

Semiannual

N/A

04/26/2022

6,600‌

(68‌)

2‌

(66‌)

6

Month

Warsaw

Interbank

Offered

Rate

Receive

2.48%

Annual

Semiannual

N/A

03/23/2023

4,152‌

(63‌)

2‌

(61‌)

6

Month

Warsaw

Interbank

Offered

Rate

Receive

2.55%

Annual

Semiannual

N/A

03/10/2022

6,420‌

(62‌)

2‌

(60‌)

6

Month

Warsaw

Interbank

Offered

Rate

Pay

0.65%

Semiannual

Annual

N/A

04/07/2022

11,655‌

15‌

—‌

15‌

6

Month

Warsaw

Interbank

Offered

Rate

Receive

0.77%

Annual

Semiannual

N/A

04/07/2025

4,717‌

(15‌)

—‌

(15‌)

6

Month

Warsaw

Interbank

Offered

Rate

Receive

2.02%

Annual

Semiannual

N/A

05/27/2024

11,140‌

(180‌)

—‌

(180‌)

China

Foreign

Exchange

Trade

System

Fixing

Repo

Rates

7

Day

Pay

2.00%

Annual

Annual

N/A

04/13/2023

$

19,980‌

(4‌)

—‌

(4‌)

China

Foreign

Exchange

Trade

System

Fixing

Repo

Rates

7

Day

Pay

2.00%

Quarterly

Quarterly

N/A

05/13/2023

13,455‌

(4‌)

—‌

(4‌)

Sinacofi

Chile

Interbank

Rate

Avg

Receive

2.47%

Semiannual

Semiannual

N/A

01/13/2025

CLP

960,000‌

(78‌)

(2‌)

(80‌)

US

Federal

Funds

Effective

Rate

(continuous

series)

Receive

1.40%

Annual

Annual

N/A

03/31/2021

$

13,602‌

(187‌)

—‌

(187‌)

Total

$

(3,812‌)

$

22‌

$

(3,790‌)

Amounts

in

thousands.

(a)    

Forward

swap.

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

98

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

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

$

196‌

$

—‌

$

—‌

$

(198‌)

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

—‌

—‌

—‌

—‌

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

USD

Monthly

05/15/2030-

06/05/2030

5,637‌

—‌

—‌

(297‌)

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

401‌

—‌

—‌

(24‌)

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

146‌

—‌

—‌

(19‌)

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

USD

Monthly

12/04/2020-

05/24/2021

1,343‌

—‌

—‌

(21‌)

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

746‌

—‌

16‌

—‌

JPMorgan

Chase

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

03/25/2021

101‌

—‌

—‌

(2‌)

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

1,456‌

—‌

—‌

(344‌)

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

3,849‌

—‌

904‌

—‌

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

1,159‌

—‌

55‌

—‌

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

23,432‌

—‌

1,880‌

—‌

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

1,238‌

—‌

118‌

—‌

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

05/20/2021

2,049‌

—‌

—‌

(944‌)

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

14,908‌

—‌

207‌

—‌

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

304‌

—‌

—‌

(10‌)

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

71‌

—‌

2‌

—‌

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

2,179‌

—‌

—‌

(113‌)

UBS

AG

Floating

rate

based

on

the

Stockholm

Interbank

Offered

Rate

plus/less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

SEK

Monthly

05/30/2023

165‌

—‌

—‌

(2‌)

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

99

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

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

$

639‌

$

—‌

$

70‌

$

—‌

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

806‌

—‌

—‌

(72‌)

UBS

AG

Floating

rate

based

on

3

Month

LIBOR

plus/less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

CNY

Monthly

04/01/2022

64‌

—‌

—‌

(6‌)

UBS

AG

(c)

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

7,911‌

—‌

723‌

—‌

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

2,392‌

—‌

—‌

(143‌)

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

198‌

—‌

24‌

—‌

UBS

AG

Floating

rate

based

on

1

Day

JPY

LIBOR

plus/

less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

JPY

Monthly

02/01/2022

—‌

—‌

22‌

—‌

UBS

AG

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

03/01/2022

2,189‌

—‌

29‌

—‌

Total

$

73,579‌

$

—‌

$

4,050‌

$

(2,195‌)

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

May

31,

2020

(unaudited)

See

accompanying

notes.

100

Description

Shares

Notional

Amount

%

of

Total

Absolute

Notional

Amount

MSYCSPX4

Index

(38,828)

$

(4,373

)

(18.66)%

Escrow

Altegrity

Inc

NPV

122,299

2,640

11.27%

Tiffany

&

Co

19,664

2,520

10.75%

Caesars

Entertainment

Corp

139,160

1,585

6.76%

Fidelity

National

Information

Services

Inc

10,159

1,410

6.02%

Amazon.com

Inc

429

1,048

4.47%

Adobe

Inc

2,321

897

3.83%

iShares

iBoxx

High

Yield

Corporate

Bond

ETF

(10,527)

(868

)

(3.70)%

Microsoft

Corp

4,274

783

3.34%

Taubman

Centers

Inc

15,364

635

2.71%

International

Paper

Co

(16,678)

(568

)

(2.42)%

JM

Smucker

Co/The

(4,827)

(550

)

(2.35)%

Exxon

Mobil

Corp

(11,713)

(533

)

(2.27)%

Corteva

Inc

(16,581)

(453

)

(1.93)%

Dow

Inc

(11,684)

(451

)

(1.93)%

Apple

Inc

(1,406)

(447

)

(1.91)%

Eldorado

Resorts

Inc

(12,510)

(444

)

(1.89)%

PPG

Industries

Inc

(3,893)

(396

)

(1.69)%

Campbell

Soup

Co

(7,648)

(390

)

(1.66)%

Global

Payments

Inc

1,977

355

1.51%

Hershey

Co/The

(2,594)

(352

)

(1.50)%

STERIS

PLC

(1,944)

(322

)

(1.38)%

NIKE

Inc

3,146

310

1.32%

Science

Applications

International

Corp

3,445

303

1.30%

Yandex

NV

(6,768)

(272

)

(1.16)%

CH

Robinson

Worldwide

Inc

(2,311)

(187

)

(0.80)%

Bristol-Myers

Squibb

Co

55,365

182

0.78%

Morgan

Stanley

Leisure

Travel

Basket

(2,853)

(130

)

(0.56)%

T-Mobile

US

Inc

(290)

(29

)

(0.12)%

Description

Shares

Notional

Amount

%

of

Total

Absolute

Notional

Amount

Stoxx

Europe

600

Index

(26,526)

$

(10,316

)

(69.20)%

Getlink

SE

98,342

1,417

9.51%

Vivendi

SA

45,296

1,027

6.89%

Enel

SpA

100,563

770

5.17%

Eiffage

SA

5,489

500

3.35%

Grifols

SA

-

B

24,875

475

3.19%

Grifols

SA

(12,879)

(402

)

(2.70)%

Description

Shares

Notional

Amount

%

of

Total

Absolute

Notional

Amount

Worldline

SA/France

30,513

$

2,273

28.74%

Pernod

Ricard

SA

10,309

1,603

20.26%

Vinci

SA

13,041

1,202

15.19%

Sanofi

8,582

834

10.54%

Danone

SA

12,037

823

10.40%

CRH

PLC

22,276

725

9.16%

BNP

Paribas

SA

12,619

452

5.71%

(a)

Top

Underlying

Securities

YORKEBS

(b)

Top

Underlying

Securities

YRKEBSEUR

(c)

Top

Underlying

Securities

YRKUBSEUR

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

101

Reverse

Repurchase

Agreements

Counterparty

Coupon

Rate

Maturity

Date

Principal

Amount

Payable

for

Reverse

Repurchase

Agreements

Barclays

Bank

PLC

(0.10‌)%

Open

ended

$

425‌

$

(425‌)

Merrill

Lynch

(0.11‌)%

06/01/2020

8,126‌

(8,126‌)

Merrill

Lynch

(1.75‌)%

Open

ended

825‌

(829‌)

Merrill

Lynch

(0.65‌)%

Open

ended

460‌

(461‌)

Merrill

Lynch

(2.36‌)%

06/05/2020

1,067‌

(1,069‌)

Merrill

Lynch

(2.41‌)%

06/05/2020

2,295‌

(2,299‌)

Merrill

Lynch

(1.75‌)%

Open

ended

590‌

(590‌)

Merrill

Lynch

(0.16‌)%

06/01/2020

6,742‌

(6,742‌)

Merrill

Lynch

(0.16‌)%

06/01/2020

10,108‌

(10,108‌)

Merrill

Lynch

(0.16‌)%

06/01/2020

4,736‌

(4,736‌)

Merrill

Lynch

(0.16‌)%

06/01/2020

53,102‌

(53,103‌)

Merrill

Lynch

(0.16‌)%

06/01/2020

9,046‌

(9,046‌)

Merrill

Lynch

(0.16‌)%

06/01/2020

19,077‌

(19,077‌)

Merrill

Lynch

(0.06‌)%

06/01/2020

24,628‌

(24,628‌)

Merrill

Lynch

(0.16‌)%

06/01/2020

24,167‌

(24,167‌)

Merrill

Lynch

(0.16‌)%

06/01/2020

39,463‌

(39,464‌)

Merrill

Lynch

(0.16‌)%

06/01/2020

4,866‌

(4,866‌)

Merrill

Lynch

(0.16‌)%

06/01/2020

7,848‌

(7,848‌)

Merrill

Lynch

(0.16‌)%

06/01/2020

42,208‌

(42,209‌)

Merrill

Lynch

(0.16‌)%

06/01/2020

20,447‌

(20,447‌)

Merrill

Lynch

(0.16‌)%

06/01/2020

1,429‌

(1,429‌)

Merrill

Lynch

(0.16‌)%

06/01/2020

37,907‌

(37,908‌)

Merrill

Lynch

(0.16‌)%

06/01/2020

18,849‌

(18,849‌)

Merrill

Lynch

(0.16‌)%

06/01/2020

27,928‌

(27,928‌)

Merrill

Lynch

(0.16‌)%

06/01/2020

14,313‌

(14,313‌)

Total

$

(380,667‌)

Amounts

in

thousands.

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

102

Short

Sales

Outstanding

COMMON

STOCKS

-

(16.16)%

Shares

Value

(000's)

Advertising

-

(0.06)%

Dentsu

Group

Inc

5,000‌

$

134‌

Hakuhodo

DY

Holdings

Inc

9,000‌

112‌

JCDecaux

SA

13,034‌

267‌

$

513‌

Aerospace

&

Defense

-

(0.29)%

Boeing

Co/The

5,550‌

809‌

Dassault

Aviation

SA

119‌

101‌

General

Dynamics

Corp

1,671‌

245‌

Kawasaki

Heavy

Industries

Ltd

14,100‌

224‌

L3Harris

Technologies

Inc

3,885‌

775‌

Thales

SA

2,287‌

175‌

$

2,329‌

Agriculture

-

(0.11)%

Altria

Group

Inc

6,324‌

247‌

Archer-Daniels-Midland

Co

15,100‌

594‌

$

841‌

Airlines

-

(0.16)%

ANA

Holdings

Inc

3,000‌

72‌

Delta

Air

Lines

Inc

13,954‌

352‌

United

Airlines

Holdings

Inc

26,639‌

747‌

$

1,171‌

Apparel

-

(0.11)%

Gildan

Activewear

Inc

6,100‌

85‌

Puma

SE

334‌

24‌

Ralph

Lauren

Corp

1,093‌

83‌

Under

Armour

Inc

-

Class

C

68,952‌

542‌

VF

Corp

2,905‌

163‌

$

897‌

Automobile

Manufacturers

-

(0.22)%

Daimler

AG

1,948‌

73‌

Ford

Motor

Co

30,077‌

172‌

General

Motors

Co

12,058‌

312‌

PACCAR

Inc

7,098‌

524‌

Suzuki

Motor

Corp

3,000‌

105‌

Toyota

Motor

Corp

8,700‌

548‌

$

1,734‌

Automobile

Parts

&

Equipment

-

(0.22)%

Aisin

Seiki

Co

Ltd

12,300‌

389‌

Aptiv

PLC

1,020‌

77‌

BorgWarner

Inc

4,780‌

154‌

Cie

Generale

des

Etablissements

Michelin

SCA

4,443‌

450‌

NGK

Insulators

Ltd

11,300‌

166‌

Sumitomo

Electric

Industries

Ltd

25,000‌

292‌

Toyoda

Gosei

Co

Ltd

7,300‌

157‌

$

1,685‌

Banks

-

(0.55)%

Bank

of

New

York

Mellon

Corp/The

5,257‌

195‌

Canadian

Imperial

Bank

of

Commerce

3,700‌

237‌

Citigroup

Inc

56‌

3‌

Citizens

Financial

Group

Inc

3,584‌

86‌

Comerica

Inc

5,830‌

212‌

Commonwealth

Bank

of

Australia

6,491‌

276‌

Danske

Bank

A/S

30,221‌

375‌

First

Republic

Bank/CA

658‌

71‌

Huntington

Bancshares

Inc/OH

33,939‌

302‌

Japan

Post

Bank

Co

Ltd

30,800‌

255‌

KeyCorp

6,077‌

72‌

Nordea

Bank

Abp

66,870‌

455‌

Northern

Trust

Corp

5,967‌

471‌

Regions

Financial

Corp

20,569‌

233‌

State

Street

Corp

8,354‌

509‌

SVB

Financial

Group

1,570‌

337‌

Toronto-Dominion

Bank/The

3,200‌

137‌

Wells

Fargo

&

Co

3,546‌

94‌

$

4,320‌

COMMON

STOCKS

(continued)

Shares

Value

(000’s)

Beverages

-

(0.38)%

Brown-Forman

Corp

-

B

Shares

8,659‌

$

571‌

Coca-Cola

Amatil

Ltd

30,722‌

180‌

Coca-Cola

Bottlers

Japan

Holdings

Inc

44,900‌

892‌

Coca-Cola

European

Partners

PLC

5,506‌

208‌

Heineken

NV

268‌

25‌

Monster

Beverage

Corp

6,614‌

476‌

Remy

Cointreau

SA

5,029‌

598‌

$

2,950‌

Biotechnology

-

(0.19)%

Alnylam

Pharmaceuticals

Inc

1,220‌

165‌

Amgen

Inc

839‌

193‌

BeiGene

Ltd

ADR

631‌

104‌

Bio-Rad

Laboratories

Inc

303‌

149‌

Exact

Sciences

Corp

1,165‌

100‌

Gilead

Sciences

Inc

1,122‌

87‌

Vertex

Pharmaceuticals

Inc

2,737‌

788‌

$

1,586‌

Building

Materials

-

(0.18)%

Cie

de

Saint-Gobain

8,005‌

262‌

CRH

PLC

9,587‌

309‌

James

Hardie

Industries

PLC

22,293‌

385‌

Johnson

Controls

International

plc

3,276‌

103‌

Owens

Corning

3,455‌

181‌

Vulcan

Materials

Co

1,841‌

199‌

$

1,439‌

Chemicals

-

(0.58)%

Air

Products

and

Chemicals

Inc

1,745‌

422‌

Albemarle

Corp

13,964‌

1,068‌

BASF

SE

2,718‌

148‌

Daicel

Corp

8,100‌

69‌

Dow

Inc

2,634‌

102‌

Ecolab

Inc

155‌

33‌

International

Flavors

&

Fragrances

Inc

5,399‌

719‌

LANXESS

AG

5,062‌

263‌

Linde

PLC

458‌

93‌

Mosaic

Co/The

73,964‌

894‌

Nippon

Paint

Holdings

Co

Ltd

4,500‌

315‌

Sherwin-Williams

Co/The

709‌

421‌

Umicore

SA

6,158‌

274‌

$

4,821‌

Commercial

Services

-

(0.44)%

AMERCO

332‌

107‌

Atlantia

SpA

10,097‌

166‌

Automatic

Data

Processing

Inc

629‌

92‌

Equifax

Inc

3,118‌

479‌

Global

Payments

Inc

3,170‌

569‌

GMO

Payment

Gateway

Inc

5,800‌

654‌

IHS

Markit

Ltd

2,107‌

146‌

MarketAxess

Holdings

Inc

660‌

336‌

Moody's

Corp

315‌

84‌

Rollins

Inc

14,385‌

601‌

Verisk

Analytics

Inc

1,308‌

226‌

Worldline

SA/France

1,488‌

112‌

$

3,572‌

Computers

-

(0.52)%

Atos

SE

5,887‌

448‌

Dell

Technologies

Inc

7,218‌

358‌

DXC

Technology

Co

8,787‌

125‌

Fortinet

Inc

5,712‌

795‌

Fujitsu

Ltd

1,050‌

108‌

Hewlett

Packard

Enterprise

Co

12,791‌

124‌

International

Business

Machines

Corp

1,286‌

161‌

Leidos

Holdings

Inc

4,037‌

425‌

NEC

Corp

3,250‌

146‌

Seagate

Technology

PLC

6,116‌

324‌

Western

Digital

Corp

22,148‌

983‌

$

3,997‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

103

Short

Sales

Outstanding

COMMON

STOCKS

(continued)

Shares

Value

(000’s)

Consumer

Products

-

(0.06)%

Church

&

Dwight

Co

Inc

4,193‌

$

315‌

Clorox

Co/The

683‌

141‌

$

456‌

Cosmetics

&

Personal

Care

-

(0.07)%

Coty

Inc

45,428‌

165‌

Kose

Corp

1,900‌

239‌

Shiseido

Co

Ltd

3,200‌

196‌

$

600‌

Distribution

&

Wholesale

-

(0.15)%

Copart

Inc

4,814‌

430‌

Fastenal

Co

14,253‌

588‌

Jardine

Cycle

&

Carriage

Ltd

17,100‌

266‌

$

1,284‌

Diversified

Financial

Services

-

(0.35)%

Ameriprise

Financial

Inc

3,886‌

544‌

Capital

One

Financial

Corp

3,119‌

212‌

Charles

Schwab

Corp/The

8,108‌

291‌

CME

Group

Inc

705‌

129‌

Japan

Exchange

Group

Inc

10,100‌

218‌

London

Stock

Exchange

Group

PLC

1,142‌

114‌

Raymond

James

Financial

Inc

8,500‌

589‌

SBI

Holdings

Inc/Japan

7,500‌

161‌

St

James's

Place

PLC

37,266‌

425‌

Tokyo

Century

Corp

1,800‌

79‌

$

2,762‌

Electric

-

(0.91)%

Alliant

Energy

Corp

5,290‌

261‌

Ameren

Corp

5,890‌

440‌

American

Electric

Power

Co

Inc

3,056‌

261‌

CenterPoint

Energy

Inc

10,306‌

183‌

Chugoku

Electric

Power

Co

Inc/The

44,900‌

618‌

CMS

Energy

Corp

5,872‌

344‌

Consolidated

Edison

Inc

6,625‌

498‌

DTE

Energy

Co

2,545‌

274‌

Duke

Energy

Corp

476‌

41‌

E.ON

SE

34,461‌

366‌

Edison

International

6,951‌

404‌

Entergy

Corp

7,730‌

787‌

Eversource

Energy

2,962‌

248‌

Exelon

Corp

7,386‌

283‌

FirstEnergy

Corp

3,071‌

130‌

Kyushu

Electric

Power

Co

Inc

18,600‌

155‌

Pinnacle

West

Capital

Corp

4,396‌

343‌

PPL

Corp

925‌

26‌

RWE

AG

5,737‌

191‌

Sempra

Energy

907‌

115‌

Southern

Co/The

1,084‌

62‌

SSE

PLC

27,259‌

419‌

WEC

Energy

Group

Inc

4,855‌

445‌

Xcel

Energy

Inc

5,857‌

381‌

$

7,275‌

Electrical

Components

&

Equipment

-

(0.03)%

Prysmian

SpA

11,471‌

246‌

Electronics

-

(0.25)%

Agilent

Technologies

Inc

1,716‌

151‌

Allegion

plc

2,014‌

201‌

FLIR

Systems

Inc

3,812‌

176‌

Keysight

Technologies

Inc

4,862‌

526‌

Mettler-Toledo

International

Inc

391‌

311‌

Murata

Manufacturing

Co

Ltd

5,000‌

281‌

Nidec

Corp

2,000‌

123‌

Waters

Corp

273‌

55‌

$

1,824‌

Energy

-

Alternate

Sources

-

(0.01)%

Siemens

Gamesa

Renewable

Energy

SA

4,150‌

71‌

Engineering

&

Construction

-

(0.40)%

Ferrovial

SA

27,668‌

754‌

Ferrovial

SA

-

Rights

28,229‌

11‌

Jacobs

Engineering

Group

Inc

19,272‌

1,619‌

COMMON

STOCKS

(continued)

Shares

Value

(000’s)

Engineering

&

Construction

(continued)

Japan

Airport

Terminal

Co

Ltd

13,200‌

$

581‌

Kajima

Corp

18,600‌

211‌

$

3,176‌

Entertainment

-

(0.15)%

Flutter

Entertainment

PLC

3,568‌

455‌

Live

Nation

Entertainment

Inc

10,202‌

502‌

Oriental

Land

Co

Ltd/Japan

1,750‌

254‌

$

1,211‌

Food

-

(0.55)%

Barry

Callebaut

AG

89‌

180‌

Conagra

Brands

Inc

14,835‌

516‌

Hormel

Foods

Corp

8,784‌

429‌

Jardine

Strategic

Holdings

Ltd

3,500‌

70‌

Kellogg

Co

2,801‌

183‌

Kikkoman

Corp

2,700‌

136‌

Kraft

Heinz

Co/The

9,180‌

279‌

Kroger

Co/The

21,099‌

688‌

McCormick

&

Co

Inc/MD

2,575‌

451‌

Mowi

ASA

5,370‌

101‌

NH

Foods

Ltd

3,100‌

115‌

Ocado

Group

PLC

34,416‌

936‌

Yamazaki

Baking

Co

Ltd

7,200‌

129‌

$

4,213‌

Food

Service

-

(0.02)%

Sodexo

SA

2,048‌

138‌

Forest

Products

&

Paper

-

(0.02)%

Mondi

PLC

3,477‌

65‌

Stora

Enso

Oyj

8,893‌

109‌

$

174‌

Gas

-

(0.16)%

Atmos

Energy

Corp

9,111‌

936‌

NiSource

Inc

6,954‌

165‌

UGI

Corp

4,725‌

150‌

$

1,251‌

Hand

&

Machine

Tools

-

(0.03)%

Stanley

Black

&

Decker

Inc

2,004‌

251‌

Healthcare

-

Products

-

(0.47)%

ABIOMED

Inc

2,323‌

520‌

Align

Technology

Inc

1,780‌

437‌

Boston

Scientific

Corp

4,093‌

155‌

Cooper

Cos

Inc/The

1,087‌

345‌

Edwards

Lifesciences

Corp

1,298‌

292‌

IDEXX

Laboratories

Inc

1,348‌

416‌

Insulet

Corp

1,427‌

269‌

Intuitive

Surgical

Inc

464‌

269‌

QIAGEN

NV

4,189‌

183‌

ResMed

Inc

908‌

146‌

Teleflex

Inc

923‌

335‌

Thermo

Fisher

Scientific

Inc

299‌

104‌

Varian

Medical

Systems

Inc

2,468‌

300‌

$

3,771‌

Healthcare

-

Services

-

(0.23)%

Centene

Corp

7,332‌

486‌

Fresenius

Medical

Care

AG

&

Co

KGaA

4,614‌

390‌

Fresenius

SE

&

Co

KGaA

2,086‌

101‌

HCA

Healthcare

Inc

2,042‌

218‌

Humana

Inc

277‌

114‌

IQVIA

Holdings

Inc

505‌

76‌

Laboratory

Corp

of

America

Holdings

1,657‌

291‌

Ryman

Healthcare

Ltd

22,648‌

171‌

$

1,847‌

Holding

Companies

-

Diversified

-

(0.01)%

Jardine

Matheson

Holdings

Ltd

2,000‌

80‌

Home

Builders

-

(0.09)%

DR

Horton

Inc

2,402‌

133‌

Iida

Group

Holdings

Co

Ltd

8,400‌

125‌

NVR

Inc

121‌

390‌

$

648‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

104

Short

Sales

Outstanding

COMMON

STOCKS

(continued)

Shares

Value

(000’s)

Home

Furnishings

-

(0.08)%

Electrolux

AB

7,539‌

$

124‌

Panasonic

Corp

8,400‌

75‌

Sony

Corp

4,400‌

285‌

Whirlpool

Corp

493‌

60‌

$

544‌

Insurance

-

(0.59)%

Aflac

Inc

7,100‌

259‌

Allstate

Corp/The

1,095‌

107‌

Arthur

J

Gallagher

&

Co

1,873‌

177‌

Chubb

Ltd

3,615‌

441‌

Great-West

Lifeco

Inc

6,600‌

107‌

Japan

Post

Holdings

Co

Ltd

74,600‌

544‌

Japan

Post

Insurance

Co

Ltd

1,400‌

18‌

Lincoln

National

Corp

5,323‌

202‌

Progressive

Corp/The

6,436‌

500‌

Prudential

Financial

Inc

4,117‌

251‌

Reinsurance

Group

of

America

Inc

3,205‌

291‌

Suncorp

Group

Ltd

65,063‌

401‌

Swiss

Re

AG

5,665‌

387‌

Travelers

Cos

Inc/The

2,520‌

270‌

Unum

Group

18,172‌

275‌

Voya

Financial

Inc

11,584‌

522‌

$

4,752‌

Internet

-

(0.39)%

Booking

Holdings

Inc

181‌

297‌

CyberAgent

Inc

7,900‌

399‌

E*TRADE

Financial

Corp

5,843‌

266‌

eBay

Inc

3,518‌

160‌

Expedia

Group

Inc

746‌

59‌

Iliad

SA

2,558‌

448‌

Netflix

Inc

478‌

201‌

Okta

Inc

1,300‌

254‌

Shopify

Inc

900‌

683‌

Twitter

Inc

8,005‌

248‌

VeriSign

Inc

142‌

31‌

$

3,046‌

Investment

Companies

-

(0.13)%

Industrivarden

AB

2,854‌

64‌

Kinnevik

AB

5,438‌

138‌

L

E

Lundbergforetagen

AB

1,965‌

98‌

Pargesa

Holding

SA

9,027‌

686‌

$

986‌

Iron

&

Steel

-

(0.17)%

Hitachi

Metals

Ltd

81,100‌

934‌

Nucor

Corp

1,670‌

71‌

voestalpine

AG

15,378‌

300‌

$

1,305‌

Leisure

Products

&

Services

-

(0.11)%

Carnival

Corp

5,688‌

90‌

Harley-Davidson

Inc

5,118‌

109‌

Norwegian

Cruise

Line

Holdings

Ltd

20,503‌

321‌

Royal

Caribbean

Cruises

Ltd

7,022‌

364‌

$

884‌

Lodging

-

(0.17)%

City

Developments

Ltd

62,000‌

339‌

Crown

Resorts

Ltd

11,817‌

76‌

Hilton

Worldwide

Holdings

Inc

585‌

46‌

Las

Vegas

Sands

Corp

3,944‌

189‌

MGM

Resorts

International

7,422‌

128‌

Whitbread

PLC

8,216‌

258‌

Whitbread

PLC

-

Rights

4,108‌

51‌

Wynn

Resorts

Ltd

2,837‌

236‌

$

1,323‌

Machinery

-

Construction

&

Mining

-

(0.04)%

Hitachi

Construction

Machinery

Co

Ltd

9,200‌

243‌

Hitachi

Ltd

2,100‌

68‌

$

311‌

COMMON

STOCKS

(continued)

Shares

Value

(000’s)

Machinery

-

Diversified

-

(0.46)%

ANDRITZ

AG

5,303‌

$

199‌

CNH

Industrial

NV

39,211‌

239‌

Daifuku

Co

Ltd

2,000‌

156‌

Deere

&

Co

4,466‌

679‌

IDEX

Corp

1,756‌

280‌

Ingersoll

Rand

Inc

26,431‌

745‌

Rockwell

Automation

Inc

3,168‌

685‌

Westinghouse

Air

Brake

Technologies

Corp

2,753‌

168‌

Xylem

Inc/NY

5,877‌

390‌

$

3,541‌

Media

-

(0.41)%

DISH

Network

Corp

9,140‌

289‌

Liberty

Broadband

Corp

-

C

Shares

5,401‌

738‌

Liberty

Global

PLC

-

A

Shares

12,098‌

257‌

News

Corp

-

A

Shares

29,182‌

357‌

Pearson

PLC

45,756‌

262‌

ViacomCBS

Inc

26,252‌

544‌

Walt

Disney

Co/The

6,892‌

808‌

$

3,255‌

Metal

Fabrication

&

Hardware

-

(0.06)%

MISUMI

Group

Inc

17,700‌

471‌

Mining

-

(0.20)%

Anglo

American

PLC

6,749‌

143‌

Boliden

AB

25,546‌

558‌

Cameco

Corp

8,000‌

87‌

Freeport-McMoRan

Inc

30,648‌

278‌

Lundin

Mining

Corp

30,000‌

138‌

Mitsubishi

Materials

Corp

16,700‌

381‌

$

1,585‌

Miscellaneous

Manufacturers

-

(0.39)%

AO

Smith

Corp

10,976‌

521‌

General

Electric

Co

81,268‌

534‌

JSR

Corp

23,100‌

455‌

Nikon

Corp

14,800‌

136‌

Parker-Hannifin

Corp

3,653‌

657‌

Smiths

Group

PLC

16,461‌

268‌

Textron

Inc

15,702‌

486‌

$

3,057‌

Office

&

Business

Equipment

-

(0.18)%

FUJIFILM

Holdings

Corp

8,300‌

381‌

Ricoh

Co

Ltd

71,700‌

531‌

Seiko

Epson

Corp

24,900‌

282‌

Zebra

Technologies

Corp

556‌

145‌

$

1,339‌

Oil

&

Gas

-

(0.65)%

Cabot

Oil

&

Gas

Corp

43,752‌

868‌

Canadian

Natural

Resources

Ltd

6,800‌

124‌

Diamondback

Energy

Inc

13,058‌

556‌

Equinor

ASA

19,098‌

279‌

Hess

Corp

17,904‌

850‌

Marathon

Oil

Corp

66,777‌

357‌

Noble

Energy

Inc

59,383‌

518‌

Occidental

Petroleum

Corp

55,695‌

721‌

Parkland

Corp/Canada

4,100‌

115‌

Pioneer

Natural

Resources

Co

6,229‌

571‌

Repsol

SA

9,787‌

92‌

Woodside

Petroleum

Ltd

704‌

11‌

$

5,062‌

Oil

&

Gas

Services

-

(0.03)%

National

Oilwell

Varco

Inc

16,203‌

202‌

Packaging

&

Containers

-

(0.13)%

Ball

Corp

1,961‌

140‌

Crown

Holdings

Inc

2,009‌

131‌

Packaging

Corp

of

America

2,054‌

208‌

Westrock

Co

17,324‌

486‌

$

965‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

105

Short

Sales

Outstanding

COMMON

STOCKS

(continued)

Shares

Value

(000’s)

Pharmaceuticals

-

(0.43)%

Alfresa

Holdings

Corp

3,100‌

$

63‌

AmerisourceBergen

Corp

553‌

53‌

Becton

Dickinson

and

Co

583‌

144‌

Cigna

Corp

833‌

164‌

DexCom

Inc

795‌

301‌

Eisai

Co

Ltd

1,000‌

78‌

Eli

Lilly

and

Co

1,663‌

254‌

McKesson

Corp

1,040‌

165‌

Medipal

Holdings

Corp

3,300‌

65‌

Mylan

NV

11,756‌

200‌

Perrigo

Co

PLC

22,855‌

1,252‌

Taisho

Pharmaceutical

Holdings

Co

Ltd

1,900‌

121‌

Zoetis

Inc

3,441‌

480‌

$

3,340‌

Pipelines

-

(0.21)%

Cheniere

Energy

Inc

5,146‌

228‌

Keyera

Corp

12,100‌

192‌

Kinder

Morgan

Inc

12,268‌

194‌

Koninklijke

Vopak

NV

4,501‌

246‌

ONEOK

Inc

21,768‌

799‌

Williams

Cos

Inc/The

5,228‌

107‌

$

1,766‌

Private

Equity

-

(0.07)%

Brookfield

Asset

Management

Inc

8,100‌

254‌

Onex

Corp

6,000‌

282‌

$

536‌

Real

Estate

-

(0.10)%

Aeon

Mall

Co

Ltd

16,100‌

226‌

Deutsche

Wohnen

SE

4,080‌

183‌

Hulic

Co

Ltd

7,100‌

72‌

Tokyu

Fudosan

Holdings

Corp

58,700‌

297‌

$

778‌

REITs

-

(0.33)%

Digital

Realty

Trust

Inc

3,236‌

465‌

Duke

Realty

Corp

3,498‌

121‌

Equinix

Inc

1,083‌

756‌

Equity

Residential

3,096‌

187‌

Healthpeak

Properties

Inc

8,602‌

212‌

Host

Hotels

&

Resorts

Inc

8,770‌

105‌

Iron

Mountain

Inc

6,520‌

168‌

Regency

Centers

Corp

6,815‌

292‌

Vornado

Realty

Trust

4,434‌

161‌

Welltower

Inc

1,748‌

89‌

$

2,556‌

Retail

-

(0.66)%

Aeon

Co

Ltd

5,300‌

117‌

CarMax

Inc

9,381‌

826‌

Chipotle

Mexican

Grill

Inc

521‌

523‌

Costco

Wholesale

Corp

606‌

187‌

Dollar

Tree

Inc

2,686‌

263‌

Domino's

Pizza

Inc

1,658‌

640‌

Genuine

Parts

Co

5,874‌

490‌

Nordstrom

Inc

15,027‌

242‌

O'Reilly

Automotive

Inc

591‌

247‌

Ross

Stores

Inc

4,641‌

450‌

Ryohin

Keikaku

Co

Ltd

6,000‌

91‌

Starbucks

Corp

2,834‌

221‌

TJX

Cos

Inc/The

11,605‌

612‌

Tractor

Supply

Co

3,421‌

417‌

$

5,326‌

Savings

&

Loans

-

(0.04)%

People's

United

Financial

Inc

24,432‌

280‌

Semiconductors

-

(0.39)%

Advanced

Micro

Devices

Inc

6,953‌

374‌

Analog

Devices

Inc

2,877‌

325‌

Broadcom

Inc

415‌

121‌

IPG

Photonics

Corp

5,093‌

792‌

Marvell

Technology

Group

Ltd

11,877‌

387‌

Microchip

Technology

Inc

2,709‌

260‌

COMMON

STOCKS

(continued)

Shares

Value

(000’s)

Semiconductors

(continued)

ON

Semiconductor

Corp

15,211‌

$

251‌

QUALCOMM

Inc

2,829‌

229‌

SUMCO

Corp

5,900‌

91‌

Xilinx

Inc

2,053‌

189‌

$

3,019‌

Shipbuilding

-

(0.07)%

Huntington

Ingalls

Industries

Inc

1,928‌

386‌

Wartsila

OYJ

Abp

22,284‌

175‌

$

561‌

Software

-

(0.73)%

Akamai

Technologies

Inc

2,288‌

242‌

ANSYS

Inc

153‌

43‌

Broadridge

Financial

Solutions

Inc

1,151‌

139‌

Fidelity

National

Information

Services

Inc

3,651‌

507‌

Fiserv

Inc

4,939‌

527‌

Guidewire

Software

Inc

2,510‌

257‌

Intuit

Inc

968‌

281‌

Jack

Henry

&

Associates

Inc

2,262‌

409‌

Konami

Holdings

Corp

7,900‌

278‌

MongoDB

Inc

2,300‌

534‌

MSCI

Inc

1,753‌

576‌

Nexon

Co

Ltd

4,600‌

96‌

Paycom

Software

Inc

1,491‌

443‌

Splunk

Inc

2,928‌

544‌

Take-Two

Interactive

Software

Inc

1,672‌

228‌

Twilio

Inc

1,583‌

313‌

WiseTech

Global

Ltd

14,852‌

202‌

$

5,619‌

Telecommunications

-

(0.41)%

Arista

Networks

Inc

2,576‌

602‌

CenturyLink

Inc

39,223‌

385‌

Corning

Inc

34,854‌

795‌

Juniper

Networks

Inc

27,292‌

662‌

Motorola

Solutions

Inc

942‌

127‌

Nippon

Telegraph

&

Telephone

Corp

15,150‌

345‌

Orange

SA

12,918‌

155‌

SES

SA

12,137‌

90‌

Telefonaktiebolaget

LM

Ericsson

6,744‌

62‌

$

3,223‌

Transportation

-

(0.52)%

CH

Robinson

Worldwide

Inc

1,555‌

126‌

FedEx

Corp

6,168‌

805‌

Getlink

SE

36,359‌

526‌

JB

Hunt

Transport

Services

Inc

1,776‌

212‌

Kansas

City

Southern

1,416‌

213‌

Kintetsu

Group

Holdings

Co

Ltd

9,800‌

482‌

Knight-Swift

Transportation

Holdings

Inc

13,701‌

570‌

Nagoya

Railroad

Co

Ltd

4,600‌

139‌

Nippon

Express

Co

Ltd

3,400‌

175‌

Old

Dominion

Freight

Line

Inc

362‌

62‌

SG

Holdings

Co

Ltd

3,400‌

111‌

Union

Pacific

Corp

873‌

148‌

United

Parcel

Service

Inc

2,167‌

216‌

Yamato

Holdings

Co

Ltd

11,300‌

251‌

$

4,036‌

Water

-

(0.04)%

American

Water

Works

Co

Inc

2,477‌

315‌

TOTAL

COMMON

STOCKS

(proceeds

$121,102)

$

127,116‌

PREFERRED

STOCKS

-

(0.03)%

Shares

Value

(000's)

Consumer

Products

-

(0.03)%

Henkel

AG

&

Co

KGaA

1.85%

2,234‌

$

200‌

TOTAL

PREFERRED

STOCKS

(proceeds

$228)

$

200‌

BONDS

-

(0.62)%

Principal

Amount

(000's)

Value

(000's)

Media

-

(0.02)%

Clear

Channel

Worldwide

Holdings

Inc

9.25%,

02/15/2024

$

148‌

$

136‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

106

Short

Sales

Outstanding

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Software

-

(0.13)%

Rackspace

Hosting

Inc

8.63%,

11/15/2024

$

1,000‌

$

1,042‌

Sovereign

-

(0.45)%

Republic

of

South

Africa

Government

International

Bond

4.85%,

09/27/2027

3,071‌

2,925‌

Turkey

Government

International

Bond

11.88%,

01/15/2030

497‌

655‌

$

3,580‌

Telecommunications

-

(0.02)%

GTT

Communications

Inc

7.88%,

12/31/2024

225‌

125‌

TOTAL

BONDS

(proceeds

$4,829)

$

4,883‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

-

(35.05)%

Principal

Amount

(000's)

Value

(000's)

U.S.

Treasury

-

(34.29)%

0.13%,

04/30/2022

$

28,868‌

$

28,848‌

0.13%,

05/15/2023

22,355‌

22,313‌

0.25%,

04/15/2023

31,793‌

31,854‌

0.50%,

03/31/2025

33,933‌

34,250‌

1.13%,

02/28/2022

33,668‌

34,230‌

1.38%,

02/15/2023

36,123‌

37,288‌

1.50%,

02/15/2030

41‌

44‌

1.75%,

12/31/2024

48,332‌

51,547‌

2.00%,

02/15/2050

2,779‌

3,185‌

2.38%,

05/15/2027

23,080‌

26,069‌

2.38%,

11/15/2049

92‌

113‌

$

269,741‌

U.S.

Treasury

Inflation-Indexed

Obligations

-

(0.76)%

0.13%,

04/15/2025

2,774‌

2,863‌

0.25%,

07/15/2029

2,921‌

3,130‌

$

5,993‌

TOTAL

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(proceeds

$269,098)

$

275,734‌

TOTAL

SHORT

SALES

(proceeds

$395,257)

$

407,933‌

Schedule

of

Investments

International

Equity

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

107

INVESTMENT

COMPANIES

-

2.49%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

1.47%

iShares

MSCI

EAFE

ETF

261,200‌

$

15,578‌

Money

Market

Funds

-

1.02%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.10%

(a),(b)

2,112,171‌

2,112‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c),(d)

8,611,202‌

8,611‌

$

10,723‌

TOTAL

INVESTMENT

COMPANIES

$

26,301‌

COMMON

STOCKS

-

97.32%

Shares

Held

Value

(000's)

Advertising

-

0.20%

Dentsu

Group

Inc

17,600‌

470‌

Hakuhodo

DY

Holdings

Inc

19,000‌

236‌

JCDecaux

SA

(d)

6,915‌

142‌

Publicis

Groupe

SA

17,576‌

501‌

WPP

PLC

100,505‌

765‌

$

2,114‌

Aerospace

&

Defense

-

0.93%

Airbus

SE

(d)

47,705‌

3,049‌

BAE

Systems

PLC

260,393‌

1,607‌

Dassault

Aviation

SA

(d)

204‌

172‌

Elbit

Systems

Ltd

1,984‌

277‌

Kawasaki

Heavy

Industries

Ltd

11,600‌

184‌

Leonardo

SpA

32,872‌

206‌

MTU

Aero

Engines

AG

(d)

4,311‌

697‌

Rolls-Royce

Holdings

PLC

(d)

156,837‌

535‌

Safran

SA

(d)

26,027‌

2,508‌

Thales

SA

8,655‌

663‌

$

9,898‌

Agriculture

-

1.10%

British

American

Tobacco

PLC

186,313‌

7,389‌

Imperial

Brands

PLC

76,870‌

1,402‌

Japan

Tobacco

Inc

97,500‌

1,935‌

Swedish

Match

AB

13,805‌

964‌

$

11,690‌

Airlines

-

0.10%

ANA

Holdings

Inc

(e)

9,400‌

227‌

Deutsche

Lufthansa

AG

(d),(e)

19,421‌

197‌

Japan

Airlines

Co

Ltd

9,300‌

183‌

Qantas

Airways

Ltd

59,332‌

158‌

Singapore

Airlines

Ltd

(e)

109,700‌

297‌

$

1,062‌

Apparel

-

1.89%

Adidas

AG

(d)

15,463‌

4,101‌

Burberry

Group

PLC

32,869‌

614‌

Hermes

International

2,574‌

2,151‌

Kering

SA

6,156‌

3,227‌

LVMH

Moet

Hennessy

Louis

Vuitton

SE

22,562‌

9,465‌

Puma

SE

(d)

6,738‌

485‌

$

20,043‌

Automobile

Manufacturers

-

2.65%

Bayerische

Motoren

Werke

AG

26,893‌

1,576‌

Daimler

AG

69,515‌

2,590‌

Ferrari

NV

10,237‌

1,740‌

Fiat

Chrysler

Automobiles

NV

(d)

89,121‌

795‌

Hino

Motors

Ltd

23,400‌

159‌

Honda

Motor

Co

Ltd

132,500‌

3,450‌

Isuzu

Motors

Ltd

44,900‌

422‌

Mazda

Motor

Corp

46,300‌

299‌

Mitsubishi

Motors

Corp

54,500‌

154‌

Nissan

Motor

Co

Ltd

188,700‌

715‌

Peugeot

SA

(d)

47,770‌

686‌

Renault

SA

15,613‌

354‌

Subaru

Corp

50,000‌

1,108‌

Suzuki

Motor

Corp

30,000‌

1,046‌

Toyota

Motor

Corp

172,400‌

10,865‌

Volkswagen

AG

(d)

2,638‌

420‌

Volvo

AB

-

B

Shares

120,761‌

1,723‌

$

28,102‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Automobile

Parts

&

Equipment

-

0.88%

Aisin

Seiki

Co

Ltd

13,200‌

$

418‌

Bridgestone

Corp

43,500‌

1,444‌

Cie

Generale

des

Etablissements

Michelin

SCA

13,784‌

1,395‌

Continental

AG

8,935‌

884‌

Denso

Corp

35,300‌

1,360‌

Faurecia

SE

(d)

6,167‌

239‌

JTEKT

Corp

16,800‌

136‌

Koito

Manufacturing

Co

Ltd

8,500‌

361‌

NGK

Insulators

Ltd

21,300‌

313‌

NGK

Spark

Plug

Co

Ltd

12,800‌

207‌

Pirelli

&

C

SpA

(f)

32,489‌

146‌

Stanley

Electric

Co

Ltd

10,700‌

261‌

Sumitomo

Electric

Industries

Ltd

61,300‌

717‌

Sumitomo

Rubber

Industries

Ltd

13,900‌

142‌

Toyoda

Gosei

Co

Ltd

5,300‌

114‌

Toyota

Industries

Corp

11,900‌

611‌

Valeo

SA

18,599‌

460‌

Yokohama

Rubber

Co

Ltd/The

9,700‌

147‌

$

9,355‌

Banks

-

8.05%

ABN

AMRO

Bank

NV

(f)

34,357‌

273‌

Aozora

Bank

Ltd

9,700‌

180‌

Australia

&

New

Zealand

Banking

Group

Ltd

230,358‌

2,742‌

Banco

Bilbao

Vizcaya

Argentaria

SA

541,573‌

1,668‌

Banco

Espirito

Santo

SA

(d),(g),(h)

131,709‌

—‌

Banco

Santander

SA

1,349,740‌

3,086‌

Bank

Hapoalim

BM

92,691‌

571‌

Bank

Leumi

Le-Israel

BM

119,853‌

637‌

Bank

of

East

Asia

Ltd/The

106,400‌

193‌

Bank

of

Kyoto

Ltd/The

4,500‌

162‌

Bankinter

SA

54,756‌

233‌

Banque

Cantonale

Vaudoise

2,446‌

237‌

Barclays

PLC

1,407,180‌

2,012‌

BNP

Paribas

SA

(d)

91,360‌

3,288‌

BOC

Hong

Kong

Holdings

Ltd

301,000‌

848‌

CaixaBank

SA

291,491‌

542‌

Chiba

Bank

Ltd/The

43,100‌

206‌

Commerzbank

AG

(d)

81,375‌

315‌

Commonwealth

Bank

of

Australia

143,781‌

6,106‌

Concordia

Financial

Group

Ltd

86,100‌

282‌

Credit

Agricole

SA

(d)

93,720‌

823‌

Credit

Suisse

Group

AG

197,222‌

1,813‌

Danske

Bank

A/S

(d)

56,021‌

695‌

DBS

Group

Holdings

Ltd

145,900‌

2,018‌

Deutsche

Bank

AG

(d)

159,473‌

1,335‌

DNB

ASA

(d)

77,014‌

1,051‌

Erste

Group

Bank

AG

(d)

22,692‌

502‌

FinecoBank

Banca

Fineco

SpA

(d)

49,492‌

580‌

Fukuoka

Financial

Group

Inc

14,000‌

228‌

Hang

Seng

Bank

Ltd

62,200‌

955‌

HSBC

Holdings

PLC

1,649,896‌

7,598‌

ING

Groep

NV

316,502‌

2,058‌

Intesa

Sanpaolo

SpA

(d)

1,208,834‌

2,103‌

Israel

Discount

Bank

Ltd

95,071‌

302‌

Japan

Post

Bank

Co

Ltd

33,000‌

273‌

KBC

Group

NV

20,293‌

1,065‌

Lloyds

Banking

Group

PLC

5,708,644‌

2,105‌

Macquarie

Group

Ltd

27,345‌

2,011‌

Mediobanca

Banca

di

Credito

Finanziario

SpA

50,444‌

332‌

Mitsubishi

UFJ

Financial

Group

Inc

992,900‌

4,122‌

Mizrahi

Tefahot

Bank

Ltd

11,490‌

225‌

Mizuho

Financial

Group

Inc

1,959,400‌

2,446‌

National

Australia

Bank

Ltd

259,597‌

3,061‌

Natixis

SA

(d)

76,830‌

172‌

Nordea

Bank

Abp

(d)

263,153‌

1,792‌

Oversea-Chinese

Banking

Corp

Ltd

268,700‌

1,631‌

Raiffeisen

Bank

International

AG

12,023‌

220‌

Resona

Holdings

Inc

170,000‌

615‌

Royal

Bank

of

Scotland

Group

PLC

392,912‌

537‌

Schedule

of

Investments

International

Equity

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

108

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Banks

(continued)

Seven

Bank

Ltd

48,000‌

$

137‌

Shinsei

Bank

Ltd

12,700‌

162‌

Shizuoka

Bank

Ltd/The

34,500‌

220‌

Skandinaviska

Enskilda

Banken

AB

(d)

132,189‌

1,150‌

Societe

Generale

SA

(d)

65,847‌

974‌

Standard

Chartered

PLC

220,660‌

1,007‌

Sumitomo

Mitsui

Financial

Group

Inc

106,000‌

3,076‌

Sumitomo

Mitsui

Trust

Holdings

Inc

27,244‌

806‌

Svenska

Handelsbanken

AB

(d)

126,366‌

1,194‌

Swedbank

AB

(d)

73,555‌

924‌

UBS

Group

AG

(d)

297,765‌

3,188‌

UniCredit

SpA

(d)

172,326‌

1,475‌

United

Overseas

Bank

Ltd

95,600‌

1,324‌

Westpac

Banking

Corp

293,344‌

3,346‌

$

85,232‌

Beverages

-

2.09%

Anheuser-Busch

InBev

SA/NV

61,888‌

2,888‌

Asahi

Group

Holdings

Ltd

31,300‌

1,178‌

Budweiser

Brewing

Co

APAC

Ltd

(f)

139,700‌

394‌

Carlsberg

A/S

8,689‌

1,126‌

Coca-Cola

Amatil

Ltd

41,164‌

241‌

Coca-Cola

Bottlers

Japan

Holdings

Inc

10,100‌

201‌

Coca-Cola

European

Partners

PLC

16,672‌

629‌

Coca-Cola

HBC

AG

16,234‌

411‌

Davide

Campari-Milano

SpA

47,174‌

385‌

Diageo

PLC

189,810‌

6,622‌

Heineken

Holding

NV

9,358‌

769‌

Heineken

NV

21,053‌

1,928‌

Ito

En

Ltd

4,200‌

241‌

Kirin

Holdings

Co

Ltd

66,900‌

1,373‌

Pernod

Ricard

SA

17,247‌

2,688‌

Remy

Cointreau

SA

1,834‌

218‌

Suntory

Beverage

&

Food

Ltd

11,300‌

462‌

Treasury

Wine

Estates

Ltd

58,476‌

376‌

$

22,130‌

Biotechnology

-

0.87%

BeiGene

Ltd

ADR

(d)

3,134‌

519‌

CSL

Ltd

36,866‌

6,827‌

Genmab

A/S

(d)

5,287‌

1,637‌

H

Lundbeck

A/S

5,663‌

219‌

$

9,202‌

Building

Materials

-

1.52%

AGC

Inc/Japan

15,600‌

442‌

Cie

de

Saint-Gobain

42,027‌

1,375‌

CRH

PLC

63,780‌

2,054‌

Daikin

Industries

Ltd

20,300‌

2,989‌

Geberit

AG

3,009‌

1,472‌

HeidelbergCement

AG

12,087‌

605‌

Investment

AB

Latour

12,023‌

215‌

James

Hardie

Industries

PLC

35,982‌

622‌

Kingspan

Group

PLC

12,497‌

772‌

LafargeHolcim

Ltd

(d)

42,522‌

1,773‌

LIXIL

Group

Corp

21,700‌

303‌

Nibe

Industrier

AB

(d)

25,327‌

562‌

Rinnai

Corp

2,900‌

245‌

Sika

AG

11,514‌

1,978‌

Taiheiyo

Cement

Corp

9,900‌

235‌

TOTO

Ltd

11,600‌

462‌

$

16,104‌

Chemicals

-

3.23%

Air

Liquide

SA

38,427‌

5,225‌

Air

Water

Inc

14,900‌

217‌

Akzo

Nobel

NV

16,213‌

1,331‌

Arkema

SA

5,603‌

491‌

Asahi

Kasei

Corp

102,000‌

811‌

BASF

SE

74,600‌

4,060‌

Brenntag

AG

12,550‌

668‌

Chr

Hansen

Holding

A/S

8,569‌

832‌

Clariant

AG

(d)

16,177‌

299‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Chemicals

(continued)

Covestro

AG

(f)

14,122‌

$

525‌

Croda

International

PLC

10,470‌

674‌

Daicel

Corp

20,300‌

172‌

EMS-Chemie

Holding

AG

666‌

495‌

Evonik

Industries

AG

17,033‌

421‌

Givaudan

SA

751‌

2,704‌

ICL

Group

Ltd

57,514‌

201‌

Johnson

Matthey

PLC

15,720‌

414‌

Kansai

Paint

Co

Ltd

14,400‌

299‌

Koninklijke

DSM

NV

14,000‌

1,791‌

Kuraray

Co

Ltd

26,000‌

274‌

LANXESS

AG

(d)

6,748‌

350‌

Mitsubishi

Chemical

Holdings

Corp

104,100‌

613‌

Mitsubishi

Gas

Chemical

Co

Inc

12,900‌

193‌

Mitsui

Chemicals

Inc

15,000‌

313‌

Nippon

Paint

Holdings

Co

Ltd

11,900‌

833‌

Nissan

Chemical

Corp

10,100‌

448‌

Nitto

Denko

Corp

12,900‌

700‌

Novozymes

A/S

17,344‌

947‌

Shin-Etsu

Chemical

Co

Ltd

28,800‌

3,373‌

Showa

Denko

KK

11,000‌

264‌

Solvay

SA

(e)

6,020‌

460‌

Sumitomo

Chemical

Co

Ltd

121,100‌

376‌

Symrise

AG

10,451‌

1,151‌

Taiyo

Nippon

Sanso

Corp

12,200‌

205‌

Toray

Industries

Inc

112,700‌

549‌

Tosoh

Corp

21,200‌

296‌

Umicore

SA

16,011‌

711‌

Yara

International

ASA

14,382‌

495‌

$

34,181‌

Commercial

Services

-

2.87%

Adecco

Group

AG

12,605‌

606‌

Adyen

NV

(d),(f)

1,467‌

1,924‌

Amadeus

IT

Group

SA

35,029‌

1,832‌

Ashtead

Group

PLC

36,617‌

1,093‌

Atlantia

SpA

(d)

40,243‌

662‌

Benesse

Holdings

Inc

5,900‌

160‌

Brambles

Ltd

125,346‌

976‌

Bureau

Veritas

SA

23,860‌

488‌

Dai

Nippon

Printing

Co

Ltd

19,800‌

451‌

Edenred

19,786‌

828‌

Experian

PLC

73,771‌

2,587‌

GMO

Payment

Gateway

Inc

3,400‌

383‌

Intertek

Group

PLC

13,110‌

897‌

Nexi

SpA

(d),(f)

30,592‌

502‌

Nihon

M&A

Center

Inc

12,000‌

482‌

Park24

Co

Ltd

8,900‌

172‌

Persol

Holdings

Co

Ltd

14,500‌

192‌

Randstad

NV

9,678‌

407‌

Recruit

Holdings

Co

Ltd

103,400‌

3,562‌

RELX

PLC

157,038‌

3,655‌

Rentokil

Initial

PLC

150,206‌

929‌

Secom

Co

Ltd

17,100‌

1,484‌

Securitas

AB

(d)

25,434‌

340‌

SGS

SA

492‌

1,161‌

Sohgo

Security

Services

Co

Ltd

5,800‌

285‌

Toppan

Printing

Co

Ltd

21,400‌

367‌

Transurban

Group

222,143‌

2,122‌

Wirecard

AG

(e)

9,535‌

1,011‌

Worldline

SA/France

(d),(f)

11,136‌

836‌

$

30,394‌

Computers

-

1.13%

Atos

SE

(d)

7,983‌

608‌

Capgemini

SE

13,066‌

1,350‌

Check

Point

Software

Technologies

Ltd

(d)

9,455‌

1,037‌

Computershare

Ltd

39,539‌

346‌

CyberArk

Software

Ltd

(d)

3,077‌

319‌

Fujitsu

Ltd

16,000‌

1,649‌

Ingenico

Group

SA

4,917‌

684‌

Schedule

of

Investments

International

Equity

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

109

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Computers

(continued)

Itochu

Techno-Solutions

Corp

7,800‌

$

264‌

Logitech

International

SA

13,356‌

793‌

NEC

Corp

20,200‌

908‌

Nomura

Research

Institute

Ltd

26,043‌

691‌

NTT

Data

Corp

51,300‌

595‌

Obic

Co

Ltd

5,600‌

973‌

Otsuka

Corp

8,500‌

412‌

SCSK

Corp

4,100‌

201‌

Teleperformance

4,770‌

1,136‌

$

11,966‌

Consumer

Products

-

0.55%

Henkel

AG

&

Co

KGaA

8,442‌

679‌

Reckitt

Benckiser

Group

PLC

57,647‌

5,163‌

$

5,842‌

Cosmetics

&

Personal

Care

-

2.58%

Beiersdorf

AG

8,188‌

860‌

Essity

AB

(d)

49,260‌

1,631‌

Kao

Corp

39,200‌

3,156‌

Kose

Corp

2,800‌

353‌

Lion

Corp

18,300‌

421‌

L'Oreal

SA

20,400‌

5,983‌

Pigeon

Corp

9,400‌

368‌

Pola

Orbis

Holdings

Inc

7,500‌

147‌

Shiseido

Co

Ltd

32,500‌

1,994‌

Unicharm

Corp

32,800‌

1,225‌

Unilever

NV

118,642‌

6,131‌

Unilever

PLC

94,908‌

5,096‌

$

27,365‌

Distribution

&

Wholesale

-

1.08%

Bunzl

PLC

27,356‌

640‌

Ferguson

PLC

18,307‌

1,444‌

ITOCHU

Corp

109,500‌

2,355‌

Jardine

Cycle

&

Carriage

Ltd

8,100‌

126‌

Marubeni

Corp

134,000‌

652‌

Mitsubishi

Corp

109,900‌

2,568‌

Mitsui

&

Co

Ltd

134,600‌

2,047‌

Sumitomo

Corp

96,600‌

1,164‌

Toyota

Tsusho

Corp

17,300‌

440‌

$

11,436‌

Diversified

Financial

Services

-

1.82%

Acom

Co

Ltd

32,500‌

133‌

AerCap

Holdings

NV

(d)

10,691‌

345‌

Afterpay

Ltd

(d)

17,346‌

548‌

Amundi

SA

(d),(f)

4,927‌

368‌

ASX

Ltd

15,725‌

927‌

Daiwa

Securities

Group

Inc

117,400‌

489‌

Deutsche

Boerse

AG

15,433‌

2,541‌

Hargreaves

Lansdown

PLC

26,968‌

615‌

Hong

Kong

Exchanges

&

Clearing

Ltd

97,400‌

3,428‌

Japan

Exchange

Group

Inc

41,400‌

893‌

Julius

Baer

Group

Ltd

(d)

18,179‌

783‌

London

Stock

Exchange

Group

PLC

25,567‌

2,550‌

Magellan

Financial

Group

Ltd

10,365‌

405‌

Mebuki

Financial

Group

Inc

76,500‌

174‌

Mitsubishi

UFJ

Lease

&

Finance

Co

Ltd

32,900‌

161‌

Nomura

Holdings

Inc

255,500‌

1,101‌

ORIX

Corp

107,700‌

1,425‌

SBI

Holdings

Inc/Japan

19,290‌

415‌

Schroders

PLC

10,098‌

372‌

Singapore

Exchange

Ltd

65,400‌

384‌

St

James's

Place

PLC

43,454‌

496‌

Standard

Life

Aberdeen

PLC

189,127‌

607‌

Tokyo

Century

Corp

3,500‌

153‌

$

19,313‌

Electric

-

2.88%

AGL

Energy

Ltd

51,901‌

582‌

AusNet

Services

151,348‌

177‌

Chubu

Electric

Power

Co

Inc

52,400‌

706‌

Chugoku

Electric

Power

Co

Inc/The

23,400‌

322‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Electric

(continued)

CLP

Holdings

Ltd

133,500‌

$

1,310‌

E.ON

SE

182,352‌

1,934‌

EDP

-

Energias

de

Portugal

SA

207,892‌

971‌

Electric

Power

Development

Co

Ltd

11,200‌

212‌

Electricite

de

France

SA

50,415‌

450‌

Elia

Group

SA/NV

2,509‌

294‌

Endesa

SA

25,798‌

616‌

Enel

SpA

660,599‌

5,108‌

Engie

SA

(d)

148,349‌

1,763‌

Fortum

Oyj

36,075‌

695‌

HK

Electric

Investments

&

HK

Electric

Investments

Ltd

215,500‌

214‌

Iberdrola

SA

471,751‌

5,108‌

Kansai

Electric

Power

Co

Inc/The

57,300‌

572‌

Kyushu

Electric

Power

Co

Inc

30,900‌

258‌

Mercury

NZ

Ltd

55,325‌

160‌

Meridian

Energy

Ltd

104,086‌

308‌

Origin

Energy

Ltd

143,048‌

562‌

Orsted

A/S

(f)

15,366‌

1,807‌

Power

Assets

Holdings

Ltd

113,000‌

633‌

Red

Electrica

Corp

SA

35,158‌

619‌

RWE

AG

47,435‌

1,581‌

SSE

PLC

83,653‌

1,286‌

Terna

Rete

Elettrica

Nazionale

SpA

114,279‌

776‌

Tohoku

Electric

Power

Co

Inc

34,800‌

361‌

Tokyo

Electric

Power

Co

Holdings

Inc

(d)

117,600‌

398‌

Uniper

SE

16,349‌

511‌

Verbund

AG

5,532‌

247‌

$

30,541‌

Electrical

Components

&

Equipment

-

0.66%

Brother

Industries

Ltd

18,200‌

345‌

Casio

Computer

Co

Ltd

15,800‌

279‌

Legrand

SA

21,683‌

1,486‌

Prysmian

SpA

19,602‌

420‌

Schneider

Electric

SE

44,907‌

4,446‌

$

6,976‌

Electronics

-

1.70%

ABB

Ltd

149,685‌

2,970‌

Assa

Abloy

AB

81,409‌

1,662‌

Halma

PLC

30,836‌

895‌

Hirose

Electric

Co

Ltd

2,699‌

323‌

Hoya

Corp

30,800‌

2,898‌

Kyocera

Corp

26,000‌

1,408‌

MINEBEA

MITSUMI

Inc

29,500‌

520‌

Murata

Manufacturing

Co

Ltd

46,700‌

2,627‌

Nidec

Corp

36,200‌

2,228‌

Omron

Corp

15,100‌

1,003‌

TDK

Corp

10,600‌

995‌

Venture

Corp

Ltd

22,400‌

243‌

Yokogawa

Electric

Corp

18,600‌

269‌

$

18,041‌

Energy

-

Alternate

Sources

-

0.19%

Siemens

Gamesa

Renewable

Energy

SA

(d)

19,364‌

329‌

Vestas

Wind

Systems

A/S

16,154‌

1,650‌

$

1,979‌

Engineering

&

Construction

-

1.39%

ACS

Actividades

de

Construccion

y

Servicios

SA

20,752‌

531‌

Aena

SME

SA

(d),(f)

5,484‌

783‌

Aeroports

de

Paris

2,413‌

251‌

Auckland

International

Airport

Ltd

98,700‌

400‌

Bouygues

SA

(d)

18,509‌

568‌

Cellnex

Telecom

SA

(f)

20,343‌

1,141‌

CIMIC

Group

Ltd

7,889‌

131‌

CK

Infrastructure

Holdings

Ltd

54,000‌

271‌

Eiffage

SA

(d)

6,765‌

618‌

Ferrovial

SA

39,371‌

1,073‌

Fraport

AG

Frankfurt

Airport

Services

Worldwide

(d),(e)

3,380‌

169‌

HOCHTIEF

AG

2,010‌

178‌

Schedule

of

Investments

International

Equity

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

110

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Engineering

&

Construction

(continued)

Infrastrutture

Wireless

Italiane

SpA

(f)

19,492‌

$

198‌

Japan

Airport

Terminal

Co

Ltd

4,200‌

185‌

JGC

Holdings

Corp

17,900‌

193‌

Kajima

Corp

36,600‌

416‌

Keppel

Corp

Ltd

118,200‌

496‌

Lendlease

Group

53,722‌

464‌

NWS

Holdings

Ltd

127,500‌

101‌

Obayashi

Corp

52,800‌

490‌

Shimizu

Corp

44,900‌

380‌

Singapore

Technologies

Engineering

Ltd

126,900‌

287‌

Skanska

AB

(d)

27,630‌

555‌

Sydney

Airport

89,938‌

352‌

Taisei

Corp

15,600‌

542‌

Vinci

SA

41,853‌

3,905‌

$

14,678‌

Entertainment

-

0.67%

Aristocrat

Leisure

Ltd

46,678‌

805‌

Evolution

Gaming

Group

AB

(f)

10,325‌

607‌

Flutter

Entertainment

PLC

11,152‌

1,423‌

Genting

Singapore

Ltd

491,300‌

274‌

GVC

Holdings

PLC

47,332‌

465‌

La

Francaise

des

Jeux

SAEM

(d),(f)

6,980‌

238‌

Oriental

Land

Co

Ltd/Japan

16,300‌

2,368‌

Sega

Sammy

Holdings

Inc

14,100‌

184‌

Tabcorp

Holdings

Ltd

164,497‌

354‌

Toho

Co

Ltd/Tokyo

9,100‌

334‌

$

7,052‌

Environmental

Control

-

0.02%

Kurita

Water

Industries

Ltd

8,100‌

224‌

Food

-

5.38%

a2

Milk

Co

Ltd

(d)

59,770‌

708‌

Ajinomoto

Co

Inc

37,800‌

645‌

Associated

British

Foods

PLC

28,936‌

654‌

Barry

Callebaut

AG

246‌

496‌

Calbee

Inc

6,900‌

200‌

Carrefour

SA

49,176‌

748‌

Casino

Guichard

Perrachon

SA

(d),(e)

3,523‌

133‌

Chocoladefabriken

Lindt

&

Spruengli

AG

-

PC

87‌

729‌

Chocoladefabriken

Lindt

&

Spruengli

AG

-

REG

8‌

698‌

Coles

Group

Ltd

108,344‌

1,109‌

Colruyt

SA

4,499‌

271‌

Dairy

Farm

International

Holdings

Ltd

27,558‌

116‌

Danone

SA

50,156‌

3,451‌

ICA

Gruppen

AB

(e)

8,168‌

385‌

J

Sainsbury

PLC

143,787‌

345‌

Jardine

Strategic

Holdings

Ltd

17,977‌

359‌

Jeronimo

Martins

SGPS

SA

(d)

20,445‌

349‌

Just

Eat

Takeaway.com

NV

(d),(f)

9,856‌

1,073‌

Kerry

Group

PLC

12,904‌

1,599‌

Kikkoman

Corp

11,900‌

600‌

Kobe

Bussan

Co

Ltd

4,900‌

253‌

Koninklijke

Ahold

Delhaize

NV

89,403‌

2,267‌

MEIJI

Holdings

Co

Ltd

9,200‌

695‌

METRO

AG

14,625‌

137‌

Mowi

ASA

35,701‌

673‌

Nestle

SA

241,715‌

26,245‌

NH

Foods

Ltd

6,700‌

248‌

Nisshin

Seifun

Group

Inc

16,095‌

251‌

Nissin

Foods

Holdings

Co

Ltd

5,100‌

427‌

Ocado

Group

PLC

(d)

37,539‌

1,021‌

Orkla

ASA

61,004‌

548‌

Seven

&

i

Holdings

Co

Ltd

61,300‌

2,103‌

Tesco

PLC

795,438‌

2,259‌

Toyo

Suisan

Kaisha

Ltd

7,200‌

377‌

WH

Group

Ltd

(f)

778,000‌

677‌

Wilmar

International

Ltd

156,100‌

441‌

Wm

Morrison

Supermarkets

PLC

(e)

195,334‌

453‌

Woolworths

Group

Ltd

102,439‌

2,413‌

Yakult

Honsha

Co

Ltd

9,600‌

590‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Food

(continued)

Yamazaki

Baking

Co

Ltd

9,900‌

$

177‌

$

56,923‌

Food

Service

-

0.25%

Compass

Group

PLC

144,876‌

2,124‌

Sodexo

SA

7,187‌

485‌

$

2,609‌

Forest

Products

&

Paper

-

0.39%

Mondi

PLC

39,438‌

742‌

Oji

Holdings

Corp

70,100‌

353‌

Smurfit

Kappa

Group

PLC

18,357‌

599‌

Stora

Enso

Oyj

47,251‌

580‌

Svenska

Cellulosa

AB

SCA

(d)

49,208‌

616‌

UPM-Kymmene

Oyj

43,351‌

1,251‌

$

4,141‌

Gas

-

0.76%

Enagas

SA

20,216‌

456‌

Hong

Kong

&

China

Gas

Co

Ltd

826,020‌

1,393‌

National

Grid

PLC

284,944‌

3,278‌

Naturgy

Energy

Group

SA

23,980‌

447‌

Osaka

Gas

Co

Ltd

30,500‌

612‌

Snam

SpA

165,441‌

775‌

Toho

Gas

Co

Ltd

6,100‌

303‌

Tokyo

Gas

Co

Ltd

30,600‌

733‌

$

7,997‌

Hand

&

Machine

Tools

-

0.36%

Amada

Co

Ltd

27,000‌

241‌

Disco

Corp

2,300‌

515‌

Fuji

Electric

Co

Ltd

10,400‌

278‌

Makita

Corp

18,300‌

622‌

Schindler

Holding

AG

-

PC

3,308‌

773‌

Schindler

Holding

AG

-

REG

1,636‌

382‌

Techtronic

Industries

Co

Ltd

112,000‌

977‌

$

3,788‌

Healthcare

-

Products

-

2.37%

Alcon

Inc

(d)

39,936‌

2,585‌

Ambu

A/S

13,259‌

448‌

Asahi

Intecc

Co

Ltd

15,900‌

488‌

Carl

Zeiss

Meditec

AG

(d)

3,270‌

335‌

Cochlear

Ltd

5,209‌

672‌

Coloplast

A/S

9,650‌

1,632‌

Demant

A/S

(d)

8,966‌

254‌

DiaSorin

SpA

2,044‌

430‌

EssilorLuxottica

SA

23,100‌

3,006‌

Fisher

&

Paykel

Healthcare

Corp

Ltd

46,667‌

870‌

GN

Store

Nord

A/S

10,399‌

566‌

Koninklijke

Philips

NV

(d)

72,835‌

3,311‌

Olympus

Corp

94,700‌

1,647‌

QIAGEN

NV

(d)

18,747‌

819‌

Sartorius

Stedim

Biotech

(d)

2,247‌

612‌

Shimadzu

Corp

18,100‌

492‌

Siemens

Healthineers

AG

(f)

12,184‌

633‌

Smith

&

Nephew

PLC

71,037‌

1,449‌

Sonova

Holding

AG

4,447‌

980‌

Straumann

Holding

AG

839‌

684‌

Sysmex

Corp

13,600‌

1,091‌

Terumo

Corp

52,500‌

2,065‌

$

25,069‌

Healthcare

-

Services

-

0.92%

BioMerieux

3,365‌

484‌

Eurofins

Scientific

SE

1,071‌

728‌

Fresenius

Medical

Care

AG

&

Co

KGaA

(d)

17,309‌

1,464‌

Fresenius

SE

&

Co

KGaA

(d)

33,955‌

1,642‌

Lonza

Group

AG

6,050‌

2,988‌

NMC

Health

PLC

(g),(h)

7,238‌

—‌

Orpea

4,197‌

492‌

PeptiDream

Inc

(d)

7,700‌

346‌

Ramsay

Health

Care

Ltd

14,524‌

679‌

Ryman

Healthcare

Ltd

32,489‌

245‌

Schedule

of

Investments

International

Equity

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

111

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Healthcare

-

Services

(continued)

Sonic

Healthcare

Ltd

36,657‌

$

689‌

$

9,757‌

Holding

Companies

-

Diversified

-

0.23%

CK

Hutchison

Holdings

Ltd

219,632‌

1,352‌

Jardine

Matheson

Holdings

Ltd

17,853‌

718‌

Swire

Pacific

Ltd

40,500‌

213‌

Washington

H

Soul

Pattinson

&

Co

Ltd

8,750‌

111‌

$

2,394‌

Home

Builders

-

0.47%

Barratt

Developments

PLC

82,708‌

511‌

Berkeley

Group

Holdings

PLC

10,224‌

521‌

Daiwa

House

Industry

Co

Ltd

46,100‌

1,144‌

Iida

Group

Holdings

Co

Ltd

12,020‌

178‌

Persimmon

PLC

25,903‌

739‌

Sekisui

Chemical

Co

Ltd

29,600‌

415‌

Sekisui

House

Ltd

50,600‌

966‌

Taylor

Wimpey

PLC

266,691‌

478‌

$

4,952‌

Home

Furnishings

-

0.89%

Electrolux

AB

18,320‌

302‌

Hoshizaki

Corp

4,200‌

339‌

Panasonic

Corp

179,400‌

1,607‌

SEB

SA

1,840‌

254‌

Sharp

Corp/Japan

17,400‌

190‌

Sony

Corp

103,500‌

6,703‌

$

9,395‌

Insurance

-

4.69%

Admiral

Group

PLC

15,506‌

448‌

Aegon

NV

145,336‌

390‌

Ageas

SA/NV

14,502‌

495‌

AIA

Group

Ltd

982,200‌

8,060‌

Allianz

SE

33,885‌

6,141‌

AMP

Ltd

(d)

279,125‌

304‌

Assicurazioni

Generali

SpA

89,250‌

1,244‌

Aviva

PLC

318,528‌

983‌

AXA

SA

157,095‌

2,883‌

Baloise

Holding

AG

3,766‌

539‌

CNP

Assurances

(d)

13,943‌

148‌

Dai-ichi

Life

Holdings

Inc

87,700‌

1,151‌

Direct

Line

Insurance

Group

PLC

111,679‌

366‌

Gjensidige

Forsikring

ASA

(d)

16,245‌

296‌

Hannover

Rueck

SE

4,899‌

791‌

Insurance

Australia

Group

Ltd

187,707‌

767‌

Japan

Post

Holdings

Co

Ltd

128,000‌

934‌

Japan

Post

Insurance

Co

Ltd

18,300‌

233‌

Legal

&

General

Group

PLC

484,519‌

1,196‌

M&G

PLC

211,168‌

368‌

Mapfre

SA

87,545‌

154‌

Medibank

Pvt

Ltd

223,684‌

425‌

MS&AD

Insurance

Group

Holdings

Inc

36,200‌

1,066‌

Muenchener

Rueckversicherungs-Gesellschaft

AG

in

Muenchen

11,722‌

2,673‌

NN

Group

NV

23,719‌

728‌

Prudential

PLC

211,283‌

2,740‌

QBE

Insurance

Group

Ltd

117,841‌

694‌

RSA

Insurance

Group

PLC

83,793‌

410‌

Sampo

Oyj

38,256‌

1,375‌

SCOR

SE

(d)

12,879‌

323‌

Sompo

Holdings

Inc

27,350‌

976‌

Sony

Financial

Holdings

Inc

12,400‌

299‌

Suncorp

Group

Ltd

102,417‌

632‌

Swiss

Life

Holding

AG

2,594‌

919‌

Swiss

Re

AG

23,934‌

1,634‌

T&D

Holdings

Inc

43,800‌

398‌

Tokio

Marine

Holdings

Inc

52,000‌

2,256‌

Tryg

A/S

9,817‌

276‌

Zurich

Insurance

Group

AG

12,152‌

3,932‌

$

49,647‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Internet

-

1.19%

Auto

Trader

Group

PLC

(f)

78,465‌

$

546‌

CyberAgent

Inc

8,200‌

415‌

Delivery

Hero

SE

(d),(f)

10,396‌

1,000‌

Iliad

SA

1,203‌

211‌

Kakaku.com

Inc

11,000‌

267‌

LINE

Corp

(d)

4,900‌

245‌

M3

Inc

35,900‌

1,450‌

Mercari

Inc

(d)

6,700‌

201‌

MonotaRO

Co

Ltd

10,200‌

371‌

Prosus

NV

(d)

39,588‌

3,303‌

Rakuten

Inc

70,000‌

637‌

Scout24

AG

(f)

8,738‌

669‌

SEEK

Ltd

27,166‌

365‌

Trend

Micro

Inc/Japan

10,700‌

589‌

United

Internet

AG

8,327‌

343‌

Wix.com

Ltd

(d)

4,154‌

924‌

Z

Holdings

Corp

215,600‌

887‌

ZOZO

Inc

8,900‌

164‌

$

12,587‌

Investment

Companies

-

0.53%

Eurazeo

SE

(d)

3,193‌

156‌

EXOR

NV

8,809‌

475‌

Groupe

Bruxelles

Lambert

SA

6,554‌

532‌

Industrivarden

AB

(d)

12,889‌

289‌

Investor

AB

36,996‌

1,985‌

Kinnevik

AB

19,650‌

498‌

L

E

Lundbergforetagen

AB

(d)

6,173‌

308‌

Melrose

Industries

PLC

394,593‌

569‌

Pargesa

Holding

SA

3,136‌

238‌

Sofina

SA

1,252‌

342‌

Wendel

SE

2,179‌

201‌

$

5,593‌

Iron

&

Steel

-

0.36%

ArcelorMittal

SA

(d)

58,220‌

558‌

BlueScope

Steel

Ltd

41,061‌

302‌

Evraz

PLC

41,275‌

145‌

Fortescue

Metals

Group

Ltd

137,541‌

1,273‌

Hitachi

Metals

Ltd

17,500‌

202‌

JFE

Holdings

Inc

40,000‌

295‌

Nippon

Steel

Corp

65,677‌

606‌

thyssenkrupp

AG

(d),(e)

32,867‌

223‌

voestalpine

AG

9,427‌

184‌

$

3,788‌

Leisure

Products

&

Services

-

0.19%

Shimano

Inc

6,000‌

1,104‌

Yamaha

Corp

10,900‌

532‌

Yamaha

Motor

Co

Ltd

22,800‌

330‌

$

1,966‌

Lodging

-

0.43%

Accor

SA

(d)

15,388‌

435‌

City

Developments

Ltd

37,000‌

202‌

Crown

Resorts

Ltd

30,251‌

194‌

Galaxy

Entertainment

Group

Ltd

177,000‌

1,210‌

InterContinental

Hotels

Group

PLC

14,047‌

674‌

Melco

Resorts

&

Entertainment

Ltd

ADR

17,746‌

285‌

Sands

China

Ltd

197,200‌

775‌

SJM

Holdings

Ltd

162,000‌

181‌

Whitbread

PLC

10,917‌

342‌

Whitbread

PLC

-

Rights

(d)

5,458‌

68‌

Wynn

Macau

Ltd

126,800‌

217‌

$

4,583‌

Machinery

-

Construction

&

Mining

-

0.88%

Epiroc

AB

-

A

Shares

53,527‌

599‌

Epiroc

AB

-

B

Shares

31,675‌

355‌

Hitachi

Construction

Machinery

Co

Ltd

8,800‌

232‌

Hitachi

Ltd

78,600‌

2,539‌

Komatsu

Ltd

71,200‌

1,440‌

Mitsubishi

Electric

Corp

148,300‌

1,958‌

Mitsubishi

Heavy

Industries

Ltd

26,100‌

677‌

Schedule

of

Investments

International

Equity

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

112

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Machinery

-

Construction

&

Mining

(continued)

Sandvik

AB

(d)

91,695‌

$

1,533‌

$

9,333‌

Machinery

-

Diversified

-

2.26%

ANDRITZ

AG

(d)

5,913‌

222‌

Atlas

Copco

AB

-

A

Shares

54,542‌

2,157‌

Atlas

Copco

AB

-

B

Shares

31,695‌

1,127‌

CNH

Industrial

NV

(d)

83,112‌

507‌

Daifuku

Co

Ltd

8,200‌

642‌

FANUC

Corp

15,800‌

2,823‌

GEA

Group

AG

12,462‌

374‌

Hexagon

AB

(d)

22,858‌

1,268‌

Husqvarna

AB

33,943‌

252‌

Keyence

Corp

14,860‌

6,121‌

KION

Group

AG

5,277‌

295‌

Kone

Oyj

27,607‌

1,856‌

Kubota

Corp

84,300‌

1,135‌

Metso

OYJ

8,549‌

279‌

Miura

Co

Ltd

7,000‌

301‌

Nabtesco

Corp

9,200‌

287‌

SMC

Corp/Japan

4,700‌

2,380‌

Spirax-Sarco

Engineering

PLC

5,984‌

734‌

Sumitomo

Heavy

Industries

Ltd

9,000‌

206‌

THK

Co

Ltd

9,800‌

256‌

Yaskawa

Electric

Corp

19,600‌

707‌

$

23,929‌

Media

-

0.49%

Bollore

SA

71,674‌

206‌

Informa

PLC

122,005‌

699‌

ITV

PLC

294,254‌

293‌

Pearson

PLC

62,356‌

357‌

Schibsted

ASA

-

B

Shares

(d)

7,962‌

191‌

Telenet

Group

Holding

NV

3,723‌

152‌

Vivendi

SA

67,350‌

1,540‌

Wolters

Kluwer

NV

22,176‌

1,770‌

$

5,208‌

Metal

Fabrication

&

Hardware

-

0.17%

Maruichi

Steel

Tube

Ltd

4,600‌

118‌

MISUMI

Group

Inc

23,100‌

615‌

NSK

Ltd

29,200‌

215‌

SKF

AB

30,919‌

572‌

Tenaris

SA

38,355‌

241‌

$

1,761‌

Mining

-

2.29%

Anglo

American

PLC

99,759‌

2,112‌

Antofagasta

PLC

32,030‌

350‌

BHP

Group

Ltd

239,266‌

5,631‌

BHP

Group

PLC

171,545‌

3,373‌

Boliden

AB

22,216‌

485‌

Evolution

Mining

Ltd

131,510‌

535‌

Glencore

PLC

(d)

811,660‌

1,533‌

Mitsubishi

Materials

Corp

9,100‌

207‌

Newcrest

Mining

Ltd

65,620‌

1,330‌

Norsk

Hydro

ASA

(d)

109,231‌

278‌

Northern

Star

Resources

Ltd

60,106‌

582‌

Rio

Tinto

Ltd

30,152‌

1,883‌

Rio

Tinto

PLC

91,105‌

4,941‌

South32

Ltd

397,962‌

503‌

Sumitomo

Metal

Mining

Co

Ltd

19,000‌

530‌

$

24,273‌

Miscellaneous

Manufacturers

-

1.02%

Alfa

Laval

AB

(d)

25,553‌

519‌

Alstom

SA

15,600‌

657‌

JSR

Corp

16,400‌

323‌

Knorr-Bremse

AG

3,929‌

416‌

Nikon

Corp

24,500‌

225‌

Orica

Ltd

32,859‌

377‌

Siemens

AG

62,135‌

6,851‌

Smiths

Group

PLC

32,181‌

525‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Miscellaneous

Manufacturers

(continued)

Toshiba

Corp

31,500‌

$

864‌

$

10,757‌

Office

&

Business

Equipment

-

0.35%

Canon

Inc

81,300‌

1,670‌

FUJIFILM

Holdings

Corp

29,300‌

1,344‌

Ricoh

Co

Ltd

54,500‌

404‌

Seiko

Epson

Corp

22,800‌

258‌

$

3,676‌

Oil

&

Gas

-

3.36%

Ampol

Ltd

20,282‌

367‌

BP

PLC

1,644,992‌

6,290‌

DCC

PLC

7,993‌

671‌

Eni

SpA

206,621‌

1,879‌

Equinor

ASA

81,352‌

1,186‌

Galp

Energia

SGPS

SA

40,714‌

484‌

Idemitsu

Kosan

Co

Ltd

15,981‌

356‌

Inpex

Corp

83,200‌

583‌

JXTG

Holdings

Inc

249,430‌

964‌

Lundin

Energy

AB

15,096‌

368‌

Neste

Oyj

34,362‌

1,400‌

Oil

Search

Ltd

160,268‌

373‌

OMV

AG

11,962‌

395‌

Repsol

SA

114,477‌

1,078‌

Royal

Dutch

Shell

PLC

-

A

Shares

334,301‌

5,291‌

Royal

Dutch

Shell

PLC

-

B

Shares

302,474‌

4,618‌

Santos

Ltd

143,813‌

515‌

TOTAL

SA

200,760‌

7,613‌

Woodside

Petroleum

Ltd

76,535‌

1,155‌

$

35,586‌

Pharmaceuticals

-

10.27%

Alfresa

Holdings

Corp

15,300‌

309‌

Astellas

Pharma

Inc

151,300‌

2,703‌

AstraZeneca

PLC

106,578‌

11,478‌

Bayer

AG

79,795‌

5,455‌

Chugai

Pharmaceutical

Co

Ltd

18,200‌

2,690‌

Daiichi

Sankyo

Co

Ltd

46,100‌

4,332‌

Eisai

Co

Ltd

20,500‌

1,609‌

Galapagos

NV

(d)

3,415‌

693‌

GlaxoSmithKline

PLC

407,439‌

8,439‌

Grifols

SA

24,228‌

756‌

Hikma

Pharmaceuticals

PLC

11,808‌

376‌

Hisamitsu

Pharmaceutical

Co

Inc

4,200‌

213‌

Ipsen

SA

3,064‌

240‌

Kobayashi

Pharmaceutical

Co

Ltd

4,000‌

358‌

Kyowa

Kirin

Co

Ltd

21,800‌

592‌

Medipal

Holdings

Corp

15,000‌

297‌

Merck

KGaA

10,498‌

1,210‌

Nippon

Shinyaku

Co

Ltd

3,700‌

320‌

Novartis

AG

174,485‌

15,190‌

Novo

Nordisk

A/S

143,716‌

9,414‌

Ono

Pharmaceutical

Co

Ltd

30,100‌

863‌

Orion

Oyj

8,542‌

457‌

Otsuka

Holdings

Co

Ltd

31,800‌

1,434‌

Recordati

SpA

8,494‌

387‌

Roche

Holding

AG

57,064‌

19,808‌

Sanofi

91,655‌

8,965‌

Santen

Pharmaceutical

Co

Ltd

29,300‌

543‌

Shionogi

&

Co

Ltd

21,800‌

1,293‌

Sumitomo

Dainippon

Pharma

Co

Ltd

14,400‌

204‌

Suzuken

Co

Ltd/Aichi

Japan

5,500‌

200‌

Taisho

Pharmaceutical

Holdings

Co

Ltd

2,800‌

178‌

Takeda

Pharmaceutical

Co

Ltd

127,900‌

5,003‌

Teva

Pharmaceutical

Industries

Ltd

ADR

(d)

88,769‌

1,112‌

UCB

SA

10,270‌

1,028‌

Vifor

Pharma

AG

3,696‌

566‌

$

108,715‌

Schedule

of

Investments

International

Equity

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

113

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Pipelines

-

0.10%

APA

Group

95,833‌

$

742‌

Koninklijke

Vopak

NV

5,712‌

313‌

$

1,055‌

Private

Equity

-

0.22%

3i

Group

PLC

79,034‌

809‌

EQT

AB

(d)

19,350‌

306‌

Partners

Group

Holding

AG

1,519‌

1,265‌

$

2,380‌

Real

Estate

-

1.60%

Aeon

Mall

Co

Ltd

8,350‌

117‌

Aroundtown

SA

93,584‌

515‌

Azrieli

Group

Ltd

3,466‌

183‌

CapitaLand

Ltd

(d)

208,700‌

429‌

CK

Asset

Holdings

Ltd

210,132‌

1,154‌

Daito

Trust

Construction

Co

Ltd

5,300‌

561‌

Deutsche

Wohnen

SE

27,757‌

1,243‌

Hang

Lung

Properties

Ltd

165,000‌

349‌

Henderson

Land

Development

Co

Ltd

118,982‌

428‌

Hongkong

Land

Holdings

Ltd

94,783‌

358‌

Hulic

Co

Ltd

24,700‌

250‌

Kerry

Properties

Ltd

53,500‌

127‌

LEG

Immobilien

AG

(d)

5,605‌

701‌

Mitsubishi

Estate

Co

Ltd

96,100‌

1,527‌

Mitsui

Fudosan

Co

Ltd

75,400‌

1,450‌

New

World

Development

Co

Ltd

499,000‌

507‌

Nomura

Real

Estate

Holdings

Inc

9,400‌

173‌

REA

Group

Ltd

4,280‌

288‌

Sino

Land

Co

Ltd

253,073‌

297‌

Sumitomo

Realty

&

Development

Co

Ltd

25,200‌

698‌

Sun

Hung

Kai

Properties

Ltd

106,000‌

1,242‌

Swire

Properties

Ltd

95,200‌

214‌

Swiss

Prime

Site

AG

6,171‌

577‌

Tokyu

Fudosan

Holdings

Corp

49,800‌

252‌

UOL

Group

Ltd

37,700‌

183‌

Vonovia

SE

41,843‌

2,407‌

Wharf

Real

Estate

Investment

Co

Ltd

87,000‌

337‌

Wheelock

&

Co

Ltd

59,000‌

401‌

$

16,968‌

REITs

-

1.40%

Ascendas

Real

Estate

Investment

Trust

249,750‌

556‌

British

Land

Co

PLC/The

71,502‌

362‌

CapitaLand

Commercial

Trust

219,500‌

273‌

CapitaLand

Mall

Trust

209,800‌

303‌

Covivio

3,899‌

228‌

Daiwa

House

REIT

Investment

Corp

160‌

395‌

Dexus

89,051‌

536‌

Gecina

SA

3,724‌

478‌

GLP

J-Reit

(d)

295‌

393‌

Goodman

Group

133,656‌

1,373‌

GPT

Group/The

158,214‌

421‌

ICADE

2,423‌

174‌

Japan

Prime

Realty

Investment

Corp

63‌

192‌

Japan

Real

Estate

Investment

Corp

107‌

582‌

Japan

Retail

Fund

Investment

Corp

213‌

281‌

Klepierre

SA

15,980‌

304‌

Land

Securities

Group

PLC

57,212‌

430‌

Link

REIT

167,900‌

1,268‌

Mapletree

Commercial

Trust

174,700‌

249‌

Mapletree

Logistics

Trust

216,000‌

315‌

Mirvac

Group

319,520‌

501‌

Nippon

Building

Fund

Inc

104‌

650‌

Nippon

Prologis

REIT

Inc

(d)

170‌

479‌

Nomura

Real

Estate

Master

Fund

Inc

344‌

422‌

Orix

JREIT

Inc

213‌

308‌

Scentre

Group

425,498‌

634‌

Segro

PLC

89,071‌

926‌

Stockland

193,661‌

462‌

Suntec

Real

Estate

Investment

Trust

159,900‌

167‌

Unibail-Rodamco-Westfield

11,241‌

596‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

REITs

(continued)

United

Urban

Investment

Corp

241‌

$

255‌

Vicinity

Centres

259,394‌

279‌

$

14,792‌

Retail

-

2.05%

ABC-Mart

Inc

2,700‌

164‌

Aeon

Co

Ltd

53,200‌

1,179‌

Cie

Financiere

Richemont

SA

42,399‌

2,492‌

Cosmos

Pharmaceutical

Corp

1,600‌

230‌

FamilyMart

Co

Ltd

20,600‌

386‌

Fast

Retailing

Co

Ltd

4,800‌

2,698‌

Hennes

&

Mauritz

AB

(e)

65,252‌

992‌

Industria

de

Diseno

Textil

SA

88,599‌

2,468‌

Isetan

Mitsukoshi

Holdings

Ltd

27,400‌

184‌

JD

Sports

Fashion

PLC

35,572‌

292‌

Kingfisher

PLC

171,388‌

416‌

Lawson

Inc

4,000‌

222‌

Marui

Group

Co

Ltd

15,500‌

280‌

McDonald's

Holdings

Co

Japan

Ltd

5,400‌

287‌

Moncler

SpA

(d)

15,734‌

590‌

Next

PLC

10,800‌

653‌

Nitori

Holdings

Co

Ltd

6,400‌

1,159‌

Pan

Pacific

International

Holdings

Corp

33,500‌

676‌

Pandora

A/S

8,123‌

407‌

Ryohin

Keikaku

Co

Ltd

19,400‌

294‌

Shimamura

Co

Ltd

1,800‌

127‌

Sundrug

Co

Ltd

5,900‌

199‌

Swatch

Group

AG/The

-

BR

(e)

2,352‌

474‌

Swatch

Group

AG/The

-

REG

4,274‌

167‌

Tsuruha

Holdings

Inc

3,000‌

444‌

USS

Co

Ltd

17,900‌

312‌

Welcia

Holdings

Co

Ltd

3,800‌

320‌

Wesfarmers

Ltd

92,092‌

2,480‌

Yamada

Denki

Co

Ltd

58,700‌

286‌

Zalando

SE

(d),(f)

12,321‌

838‌

$

21,716‌

Semiconductors

-

1.93%

Advantest

Corp

16,300‌

809‌

ASM

Pacific

Technology

Ltd

25,000‌

229‌

ASML

Holding

NV

34,573‌

11,325‌

Hamamatsu

Photonics

KK

11,400‌

518‌

Infineon

Technologies

AG

101,602‌

2,141‌

Lasertec

Corp

6,000‌

495‌

Renesas

Electronics

Corp

(d)

62,600‌

326‌

Rohm

Co

Ltd

7,200‌

488‌

STMicroelectronics

NV

51,806‌

1,287‌

SUMCO

Corp

21,300‌

329‌

Tokyo

Electron

Ltd

12,200‌

2,455‌

$

20,402‌

Shipbuilding

-

0.04%

Wartsila

OYJ

Abp

36,046‌

283‌

Yangzijiang

Shipbuilding

Holdings

Ltd

209,700‌

140‌

$

423‌

Software

-

1.73%

AVEVA

Group

PLC

5,248‌

267‌

Dassault

Systemes

SE

10,679‌

1,823‌

Konami

Holdings

Corp

7,600‌

267‌

Nemetschek

SE

4,690‌

373‌

Nexon

Co

Ltd

39,400‌

821‌

Oracle

Corp

Japan

3,200‌

374‌

Sage

Group

PLC/The

88,659‌

760‌

SAP

SE

84,812‌

10,824‌

Square

Enix

Holdings

Co

Ltd

7,500‌

365‌

TeamViewer

AG

(d)

10,558‌

536‌

Temenos

AG

5,320‌

818‌

TIS

Inc

18,000‌

383‌

Ubisoft

Entertainment

SA

(d)

7,351‌

570‌

WiseTech

Global

Ltd

11,637‌

159‌

$

18,340‌

Schedule

of

Investments

International

Equity

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

114

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Telecommunications

-

4.13%

Altice

Europe

NV

(d)

50,487‌

$

199‌

BT

Group

PLC

722,377‌

1,040‌

Deutsche

Telekom

AG

270,712‌

4,249‌

Elisa

Oyj

11,553‌

720‌

Hikari

Tsushin

Inc

1,700‌

373‌

HKT

Trust

&

HKT

Ltd

307,980‌

438‌

KDDI

Corp

134,000‌

3,911‌

Koninklijke

KPN

NV

290,156‌

709‌

Nice

Ltd

(d)

5,075‌

942‌

Nippon

Telegraph

&

Telephone

Corp

104,600‌

2,381‌

Nokia

OYJ

459,215‌

1,826‌

NTT

DOCOMO

Inc

94,900‌

2,608‌

Orange

SA

162,040‌

1,949‌

PCCW

Ltd

345,000‌

190‌

Proximus

SADP

12,355‌

256‌

SES

SA

31,144‌

231‌

Singapore

Telecommunications

Ltd

663,200‌

1,168‌

Softbank

Corp

155,400‌

1,973‌

SoftBank

Group

Corp

127,400‌

5,819‌

Spark

New

Zealand

Ltd

149,207‌

410‌

Swisscom

AG

2,105‌

1,095‌

Tele2

AB

40,561‌

537‌

Telecom

Italia

SpA/Milano

(d)

679,148‌

252‌

Telecom

Italia

SpA/Milano

-

RSP

489,584‌

190‌

Telefonaktiebolaget

LM

Ericsson

237,067‌

2,171‌

Telefonica

Deutschland

Holding

AG

84,570‌

258‌

Telefonica

SA

379,540‌

1,777‌

Telenor

ASA

58,580‌

888‌

Telia

Co

AB

205,143‌

702‌

Telstra

Corp

Ltd

338,096‌

724‌

TPG

Telecom

Ltd

30,144‌

170‌

Vodafone

Group

PLC

2,174,383‌

3,576‌

$

43,732‌

Textiles

-

0.02%

Teijin

Ltd

14,500‌

238‌

Toys,

Games

&

Hobbies

-

0.43%

Bandai

Namco

Holdings

Inc

16,200‌

901‌

Nintendo

Co

Ltd

9,100‌

3,700‌

$

4,601‌

Transportation

-

1.88%

AP

Moller

-

Maersk

A/S

-

A

263‌

242‌

AP

Moller

-

Maersk

A/S

-

B

532‌

524‌

Aurizon

Holdings

Ltd

158,623‌

503‌

Central

Japan

Railway

Co

11,700‌

2,005‌

Deutsche

Post

AG

(d)

80,345‌

2,516‌

DSV

PANALPINA

A/S

17,179‌

1,821‌

East

Japan

Railway

Co

24,600‌

1,932‌

Getlink

SE

(d)

35,738‌

517‌

Hankyu

Hanshin

Holdings

Inc

18,600‌

688‌

Kamigumi

Co

Ltd

8,000‌

157‌

Keihan

Holdings

Co

Ltd

7,800‌

372‌

Keikyu

Corp

18,000‌

302‌

Keio

Corp

8,300‌

495‌

Keisei

Electric

Railway

Co

Ltd

10,600‌

348‌

Kintetsu

Group

Holdings

Co

Ltd

13,900‌

683‌

Kuehne

+

Nagel

International

AG

(d)

4,387‌

634‌

Kyushu

Railway

Co

12,200‌

347‌

MTR

Corp

Ltd

125,500‌

606‌

Nagoya

Railroad

Co

Ltd

15,200‌

459‌

Nippon

Express

Co

Ltd

6,000‌

309‌

Nippon

Yusen

KK

12,500‌

181‌

Odakyu

Electric

Railway

Co

Ltd

24,000‌

601‌

Poste

Italiane

SpA

(f)

42,435‌

375‌

Seibu

Holdings

Inc

17,400‌

227‌

SG

Holdings

Co

Ltd

12,900‌

422‌

Tobu

Railway

Co

Ltd

15,600‌

554‌

Tokyu

Corp

40,700‌

647‌

West

Japan

Railway

Co

13,300‌

861‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Transportation

(continued)

Yamato

Holdings

Co

Ltd

25,100‌

$

558‌

$

19,886‌

Water

-

0.24%

Severn

Trent

PLC

19,328‌

585‌

Suez

SA

(e)

28,069‌

320‌

United

Utilities

Group

PLC

55,385‌

631‌

Veolia

Environnement

SA

(e)

43,771‌

964‌

$

2,500‌

TOTAL

COMMON

STOCKS

$

1,030,380‌

PREFERRED

STOCKS

-

0.54%

Shares

Held

Value

(000's)

Automobile

Manufacturers

-

0.30%

Bayerische

Motoren

Werke

AG

2.52%

4,620‌

$

213‌

Porsche

Automobil

Holding

SE

3.11%

12,438‌

684‌

Volkswagen

AG

0.00%

(d)

15,074‌

2,232‌

$

3,129‌

Chemicals

-

0.02%

FUCHS

PETROLUB

SE

0.97%

5,646‌

226‌

Consumer

Products

-

0.12%

Henkel

AG

&

Co

KGaA

1.85%

14,471‌

1,294‌

Electronics

-

0.10%

Sartorius

AG

0.36%

2,889‌

1,077‌

TOTAL

PREFERRED

STOCKS

$

5,726‌

Total

Investments

$

1,062,407‌

Other

Assets

and

Liabilities

-  (0.35)%

(3,683‌)

TOTAL

NET

ASSETS

-

100.00%

$

1,058,724‌

(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

$8,712

or

0.82%

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.

(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

$15,553

or

1.47%

of

net

assets.

(g)

The

value

of

these

investments

was

determined

using

significant

unobservable

inputs.

(h)

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.

Schedule

of

Investments

International

Equity

Index

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

115

Portfolio

Summary  (unaudited)

Location

Percent

Japan

25.76‌%

United

Kingdom

13.11‌%

Switzerland

10.41‌%

France

10.12‌%

Germany

8.72‌%

Australia

6.45‌%

Netherlands

4.45‌%

Hong

Kong

3.01‌%

Sweden

2.82‌%

United

States

2.49‌%

Denmark

2.31‌%

Spain

2.31‌%

Italy

1.97‌%

Finland

1.18‌%

Singapore

1.08‌%

Ireland

1.01‌%

Belgium

0.87‌%

Israel

0.63‌%

Norway

0.53‌%

New

Zealand

0.30‌%

Luxembourg

0.21‌%

Austria

0.17‌%

Portugal

0.17‌%

Macao

0.09‌%

China

0.06‌%

Jordan

0.04‌%

Isle

of

Man

0.04‌%

Chile

0.03‌%

Russian

Federation

0.01‌%

United

Arab

Emirates

0.00‌%

Other

Assets

and

Liabilities

(0.35‌)%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

August

31,

2019

Purchases

Sales

May

31,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

6,107‌

$

274,625‌

$

272,121‌

$

8,611‌

$

6,107‌

$

274,625‌

$

272,121‌

$

8,611‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

40‌

$

—‌

$

—‌

$

—‌

$

40‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Futures

Contracts

Description

and

Expiration

Date

Type

Contracts

Notional

Amount

Value

and

Unrealized

Appreciation/(Depreciation)

eMini

MSCI

EAFE;

June

2020

Long

26‌

$

2,243‌

$

343‌

Total

$

343‌

Amounts

in

thousands

except

contracts.

Schedule

of

Investments

International

Small

Company

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

116

INVESTMENT

COMPANIES

-

5.58%

Shares

Held

Value

(000's)

Money

Market

Funds

-

5.58%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.10%

(a),(b)

6,186,918‌

$

6,187‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c),(d)

42,584,427‌

42,585‌

$

48,772‌

TOTAL

INVESTMENT

COMPANIES

$

48,772‌

COMMON

STOCKS

-

95.73%

Shares

Held

Value

(000's)

Advertising

-

0.57%

Stroeer

SE

&

Co

KGaA

67,977‌

4,947‌

Aerospace

&

Defense

-

0.28%

Ultra

Electronics

Holdings

PLC

99,177‌

2,422‌

Agriculture

-

0.32%

Genus

PLC

64,013‌

2,769‌

Airlines

-

0.21%

Wizz

Air

Holdings

Plc

(d),(e)

45,129‌

1,835‌

Apparel

-

0.92%

boohoo

Group

PLC

(d)

1,154,328‌

5,555‌

Puma

SE

(d)

32,117‌

2,311‌

Yue

Yuen

Industrial

Holdings

Ltd

102,500‌

148‌

$

8,014‌

Automobile

Manufacturers

-

0.21%

Isuzu

Motors

Ltd

196,600‌

1,847‌

Automobile

Parts

&

Equipment

-

1.61%

Rheinmetall

AG

67,346‌

5,485‌

Toyoda

Gosei

Co

Ltd

242,600‌

5,208‌

TS

Tech

Co

Ltd

118,100‌

3,341‌

$

14,034‌

Banks

-

3.56%

Banco

Comercial

Portugues

SA

2,789,453‌

305‌

BAWAG

Group

AG

(d),(e)

87,876‌

2,903‌

Cembra

Money

Bank

AG

43,119‌

4,284‌

Chiba

Bank

Ltd/The

877,200‌

4,187‌

Israel

Discount

Bank

Ltd

1,253,943‌

3,982‌

Mediobanca

Banca

di

Credito

Finanziario

SpA

627,538‌

4,128‌

Mizrahi

Tefahot

Bank

Ltd

211,405‌

4,138‌

Paragon

Banking

Group

PLC

709,050‌

3,104‌

Shinsei

Bank

Ltd

318,000‌

4,067‌

$

31,098‌

Beverages

-

1.05%

Carlsberg

A/S

16,511‌

2,140‌

Royal

Unibrew

A/S

(d)

87,160‌

7,005‌

$

9,145‌

Building

Materials

-

1.74%

Buzzi

Unicem

SpA

313,187‌

6,263‌

Ibstock

PLC

(e)

1,055,874‌

2,402‌

ROCKWOOL

International

A/S

23,366‌

6,557‌

$

15,222‌

Chemicals

-

3.10%

Arkema

SA

(f)

62,373‌

5,469‌

Denka

Co

Ltd

224,200‌

5,518‌

Koninklijke

DSM

NV

20,028‌

2,562‌

Lintec

Corp

138,900‌

3,323‌

Solvay

SA

(f)

24,437‌

1,866‌

Sumitomo

Bakelite

Co

Ltd

142,300‌

4,017‌

Zeon

Corp

453,100‌

4,376‌

$

27,131‌

Commercial

Services

-

2.32%

Aggreko

PLC

363,843‌

2,132‌

Loomis

AB

(d)

187,129‌

4,732‌

Nishio

Rent

All

Co

Ltd

92,700‌

2,040‌

Park24

Co

Ltd

265,300‌

5,125‌

QinetiQ

Group

PLC

875,612‌

3,214‌

Rentokil

Initial

PLC

487,807‌

3,017‌

$

20,260‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Computers

-

5.45%

Appen

Ltd

281,990‌

$

5,807‌

Computacenter

PLC

141,286‌

2,814‌

CyberArk

Software

Ltd

(d)

45,264‌

4,698‌

Indra

Sistemas

SA

(d)

398,671‌

3,112‌

Keywords

Studios

PLC

132,911‌

2,967‌

Logitech

International

SA

66,717‌

3,964‌

MCJ

Co

Ltd

292,300‌

2,286‌

NEC

Corp

68,000‌

3,058‌

NEC

Networks

&

System

Integration

Corp

186,000‌

3,510‌

Nomura

Research

Institute

Ltd

118,900‌

3,153‌

S&T

AG

(d),(f)

147,250‌

3,885‌

Softcat

PLC

182,797‌

2,603‌

Sopra

Steria

Group

25,251‌

2,997‌

Teleperformance

11,645‌

2,773‌

$

47,627‌

Distribution

&

Wholesale

-

2.11%

Inchcape

PLC

726,773‌

4,518‌

Rexel

SA

480,779‌

4,902‌

Seven

Group

Holdings

Ltd

(f)

440,723‌

4,785‌

Toromont

Industries

Ltd

87,604‌

4,226‌

$

18,431‌

Diversified

Financial

Services

-

2.43%

Euronext

NV

(e)

49,128‌

4,564‌

IG

Group

Holdings

PLC

384,902‌

3,640‌

Man

Group

PLC/Jersey

1,850,964‌

3,258‌

Mitsubishi

UFJ

Lease

&

Finance

Co

Ltd

401,400‌

1,968‌

TP

ICAP

PLC

492,023‌

2,078‌

Zenkoku

Hosho

Co

Ltd

147,200‌

5,686‌

$

21,194‌

Electric

-

2.48%

Capital

Power

Corp

246,500‌

4,786‌

Chubu

Electric

Power

Co

Inc

100,100‌

1,349‌

Hera

SpA

1,339,807‌

5,131‌

Iren

SpA

1,704,763‌

4,257‌

Northland

Power

Inc

267,800‌

6,193‌

$

21,716‌

Electrical

Components

&

Equipment

-

1.04%

Prysmian

SpA

246,571‌

5,285‌

Signify

NV

(d),(e)

177,350‌

3,819‌

$

9,104‌

Electronics

-

1.46%

Anritsu

Corp

(f)

330,800‌

6,560‌

Halma

PLC

102,254‌

2,968‌

Mycronic

AB

(d)

182,653‌

3,232‌

$

12,760‌

Energy

-

Alternate

Sources

-

0.37%

Vestas

Wind

Systems

A/S

31,569‌

3,224‌

Engineering

&

Construction

-

4.40%

ACS

Actividades

de

Construccion

y

Servicios

SA

57,090‌

1,461‌

Balfour

Beatty

PLC

722,247‌

2,244‌

Downer

EDI

Ltd

1,080,454‌

3,258‌

Hazama

Ando

Corp

746,700‌

4,841‌

Kajima

Corp

479,800‌

5,448‌

KAWADA

TECHNOLOGIES

Inc

25,300‌

1,198‌

Kyowa

Exeo

Corp

286,000‌

6,588‌

Penta-Ocean

Construction

Co

Ltd

918,400‌

4,801‌

SPIE

SA

179,060‌

2,802‌

Stantec

Inc

132,600‌

4,006‌

Yokogawa

Bridge

Holdings

Corp

86,900‌

1,767‌

$

38,414‌

Entertainment

-

1.61%

Flutter

Entertainment

PLC

51,593‌

6,564‌

GVC

Holdings

PLC

583,750‌

5,730‌

Sega

Sammy

Holdings

Inc

4,100‌

54‌

Tokyotokeiba

Co

Ltd

52,100‌

1,717‌

$

14,065‌

Schedule

of

Investments

International

Small

Company

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

117

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Food

-

4.45%

AAK

AB

(d)

184,652‌

$

3,378‌

Empire

Co

Ltd

217,300‌

4,918‌

HelloFresh

SE

(d)

147,084‌

6,014‌

J

Sainsbury

PLC

1,986,662‌

4,764‌

Morinaga

Milk

Industry

Co

Ltd

157,900‌

6,660‌

NH

Foods

Ltd

140,800‌

5,210‌

Nichirei

Corp

(f)

139,700‌

3,949‌

Sonae

SGPS

SA

3,096,906‌

2,319‌

WH

Group

Ltd

(e)

1,914,500‌

1,665‌

$

38,877‌

Food

Service

-

0.21%

Autogrill

SpA

330,225‌

1,871‌

Forest

Products

&

Paper

-

0.87%

Interfor

Corp

(d)

357,000‌

2,443‌

UPM-

Kymmene

Oyj

99,617‌

2,874‌

West

Fraser

Timber

Co

Ltd

84,300‌

2,281‌

$

7,598‌

Gas

-

0.64%

Rubis

SCA

117,132‌

5,613‌

Healthcare

-

Products

-

2.52%

Ambu

A/S

57,698‌

1,947‌

Carl

Zeiss

Meditec

AG

(d)

15,015‌

1,537‌

ConvaTec

Group

PLC

(e)

1,587,319‌

3,998‌

Elekta

AB

406,713‌

4,293‌

GN

Store

Nord

A/S

110,749‌

6,024‌

Sartorius

Stedim

Biotech

(d)

15,611‌

4,249‌

$

22,048‌

Healthcare

-

Services

-

2.07%

Evotec

SE

(d),(f)

125,822‌

3,425‌

ICON

PLC

(d)

34,401‌

5,795‌

Korian

SA

88,256‌

3,184‌

Orpea

48,193‌

5,653‌

$

18,057‌

Home

Builders

-

0.44%

Redrow

PLC

663,322‌

3,860‌

Insurance

-

2.25%

ASR

Nederland

NV

229,147‌

6,299‌

Direct

Line

Insurance

Group

PLC

1,422,226‌

4,659‌

Phoenix

Group

Holdings

PLC

797,616‌

6,132‌

Swiss

Life

Holding

AG

7,238‌

2,566‌

$

19,656‌

Internet

-

0.83%

Scout24

AG

(e)

94,714‌

7,255‌

Investment

Companies

-

0.46%

Kinnevik

AB

159,396‌

4,041‌

Lodging

-

0.16%

NagaCorp

Ltd

1,154,000‌

1,381‌

Machinery

-

Diversified

-

3.27%

ATS

Automation

Tooling

Systems

Inc

(d)

156,600‌

2,276‌

Bucher

Industries

AG

19,685‌

5,702‌

Husqvarna

AB

727,496‌

5,395‌

KION

Group

AG

80,485‌

4,506‌

Okuma

Holdings

Inc

109,800‌

4,588‌

SIG

Combibloc

Group

AG

(d)

362,382‌

6,098‌

$

28,565‌

Media

-

1.93%

Future

PLC

138,759‌

2,378‌

Nine

Entertainment

Co

Holdings

Ltd

4,004,232‌

3,954‌

ProSiebenSat.1

Media

SE

(f)

451,700‌

5,823‌

Tokyo

Broadcasting

System

Holdings

Inc

301,600‌

4,740‌

$

16,895‌

Mining

-

3.49%

Alacer

Gold

Corp

(d)

269,300‌

1,678‌

Equinox

Gold

Corp

(d)

325,800‌

2,991‌

IGO

Ltd

713,852‌

2,391‌

Lundin

Mining

Corp

1,063,600‌

4,898‌

NRW

Holdings

Ltd

1,518,373‌

1,971‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Mining

(continued)

OZ

Minerals

Ltd

472,174‌

$

2,979‌

Saracen

Mineral

Holdings

Ltd

(d)

1,772,696‌

5,944‌

SSR

Mining

Inc

(d)

254,627‌

4,897‌

Wesdome

Gold

Mines

Ltd

(d)

331,200‌

2,769‌

$

30,518‌

Miscellaneous

Manufacturers

-

0.95%

Aalberts

NV

83,403‌

2,290‌

Trelleborg

AB

(d)

263,281‌

3,603‌

Vesuvius

PLC

531,499‌

2,423‌

$

8,316‌

Office

&

Business

Equipment

-

0.58%

Canon

Marketing

Japan

Inc

150,800‌

3,075‌

Sato

Holdings

Corp

87,400‌

2,018‌

$

5,093‌

Oil

&

Gas

-

1.75%

Aker

BP

ASA

(f)

80,360‌

1,299‌

Beach

Energy

Ltd

3,860,843‌

4,171‌

DCC

PLC

67,569‌

5,668‌

Parex

Resources

Inc

(d)

371,967‌

4,182‌

$

15,320‌

Packaging

&

Containers

-

0.83%

DS

Smith

PLC

1,724,052‌

7,295‌

Pharmaceuticals

-

3.70%

Almirall

SA

124,963‌

1,639‌

Clinigen

Group

Plc

184,308‌

1,988‌

Dechra

Pharmaceuticals

PLC

98,197‌

3,387‌

Hikma

Pharmaceuticals

PLC

210,840‌

6,715‌

Nichi-iko

Pharmaceutical

Co

Ltd

109,600‌

1,336‌

Nippon

Shinyaku

Co

Ltd

66,100‌

5,712‌

Sawai

Pharmaceutical

Co

Ltd

121,800‌

6,716‌

Ship

Healthcare

Holdings

Inc

64,800‌

2,811‌

Towa

Pharmaceutical

Co

Ltd

96,900‌

2,050‌

$

32,354‌

Pipelines

-

0.63%

Keyera

Corp

141,800‌

2,247‌

Koninklijke

Vopak

NV

59,376‌

3,252‌

$

5,499‌

Private

Equity

-

0.88%

Intermediate

Capital

Group

PLC

378,492‌

5,952‌

Jafco

Co

Ltd

51,100‌

1,720‌

$

7,672‌

Real

Estate

-

4.13%

CA

Immobilien

Anlagen

AG

(d)

66,862‌

2,261‌

Castellum

AB

347,576‌

6,535‌

Entra

ASA

(e)

168,149‌

2,278‌

Hysan

Development

Co

Ltd

926,000‌

2,525‌

IMMOFINANZ

AG

(d)

106,671‌

1,999‌

Kojamo

Oyj

47,037‌

959‌

LEG

Immobilien

AG

(d)

60,334‌

7,550‌

PSP

Swiss

Property

AG

58,872‌

6,702‌

UOL

Group

Ltd

1,089,900‌

5,297‌

$

36,106‌

REITs

-

7.41%

Allied

Properties

Real

Estate

Investment

Trust

124,859‌

3,627‌

alstria

office

REIT-AG

(d)

218,546‌

3,186‌

Canadian

Apartment

Properties

REIT

74,700‌

2,547‌

Charter

Hall

Group

859,428‌

5,564‌

Cofinimmo

SA

17,887‌

2,441‌

Covivio

49,350‌

2,883‌

Frasers

Logistics

&

Commercial

Trust

2,844,700‌

2,243‌

GLP

J-

Reit

(d)

3,850‌

5,123‌

Granite

Real

Estate

Investment

Trust

62,100‌

3,064‌

ICADE

47,476‌

3,404‌

Inmobiliaria

Colonial

Socimi

SA

273,115‌

2,469‌

Japan

Hotel

REIT

Investment

Corp

6,673‌

2,776‌

Kenedix

Office

Investment

Corp

684‌

3,781‌

Kenedix

Residential

Next

Investment

Corp

1,932‌

3,244‌

Mapletree

Commercial

Trust

2,034,773‌

2,895‌

Schedule

of

Investments

International

Small

Company

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

118

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

REITs

(continued)

Mapletree

Industrial

Trust

2,818,000‌

$

5,448‌

MCUBS

MidCity

Investment

Corp

2,169‌

1,704‌

Merlin

Properties

Socimi

SA

150,908‌

1,271‌

Mitsui

Fudosan

Logistics

Park

Inc

1,174‌

5,107‌

Summit

Industrial

Income

REIT

258,200‌

1,971‌

$

64,748‌

Retail

-

6.22%

B&M

European

Value

Retail

SA

1,391,416‌

6,720‌

cocokara

fine

Inc

45,300‌

2,295‌

Cosmos

Pharmaceutical

Corp

53,600‌

7,710‌

Grafton

Group

PLC

365,175‌

2,824‌

JD

Sports

Fashion

PLC

469,023‌

3,845‌

Man

Wah

Holdings

Ltd

3,135,200‌

2,463‌

Moncler

SpA

(d)

56,147‌

2,104‌

Ryohin

Keikaku

Co

Ltd

339,600‌

5,150‌

Saizeriya

Co

Ltd

134,100‌

2,856‌

Seiko

Holdings

Corp

127,000‌

2,156‌

Super

Retail

Group

Ltd

662,490‌

3,703‌

Sushiro

Global

Holdings

Ltd

282,600‌

5,994‌

Tsuruha

Holdings

Inc

44,400‌

6,574‌

$

54,394‌

Semiconductors

-

0.88%

ASM

International

NV

66,061‌

7,705‌

Shipbuilding

-

0.20%

Mitsui

E&S

Holdings

Co

Ltd

(d)

325,800‌

1,710‌

Software

-

2.57%

CompuGroup

Medical

SE

28,556‌

2,340‌

Descartes

Systems

Group

Inc

/The

(d)

86,900‌

4,143‌

Kinaxis

Inc

(d)

31,000‌

4,003‌

NSD

Co

Ltd

134,500‌

2,101‌

Open

Text

Corp

74,300‌

3,087‌

TIS

Inc

321,200‌

6,827‌

$

22,501‌

Telecommunications

-

1.67%

Bezeq

The

Israeli

Telecommunication

Corp

Ltd

(d)

5,539,827‌

4,766‌

Proximus

SADP

219,068‌

4,545‌

Spark

New

Zealand

Ltd

1,928,114‌

5,301‌

$

14,612‌

Transportation

-

2.50%

ComfortDelGro

Corp

Ltd

2,920,800‌

2,984‌

Kamigumi

Co

Ltd

291,800‌

5,719‌

National

Express

Group

PLC

840,458‌

2,267‌

Sankyu

Inc

138,100‌

5,637‌

TFI

International

Inc

172,400‌

5,221‌

$

21,828‌

TOTAL

COMMON

STOCKS

$

836,647‌

Total

Investments

$

885,419‌

Other

Assets

and

Liabilities

-  (1.31)%

(11,452‌)

TOTAL

NET

ASSETS

-

100.00%

$

873,967‌

(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

$25,548

or

2.92%

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

$30,719

or

3.51%

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

25.63‌%

United

Kingdom

12.42‌%

Canada

9.25‌%

Germany

6.22‌%

United

States

5.77‌%

Australia

5.08‌%

France

5.04‌%

Sweden

4.03‌%

Switzerland

3.57‌%

Netherlands

3.48‌%

Italy

3.31‌%

Denmark

3.08‌%

Ireland

2.72‌%

Singapore

2.15‌%

Israel

2.01‌%

Austria

1.27‌%

Spain

1.15‌%

Belgium

1.01‌%

Hong

Kong

0.78‌%

Jordan

0.77‌%

Isle

of

Man

0.65‌%

New

Zealand

0.61‌%

Finland

0.44‌%

Norway

0.41‌%

Portugal

0.30‌%

Cambodia

0.16‌%

Other

Assets

and

Liabilities

(1.31‌)%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

August

31,

2019

Purchases

Sales

May

31,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

29,546‌

$

368,470‌

$

355,431‌

$

42,585‌

$

29,546‌

$

368,470‌

$

355,431‌

$

42,585‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

129‌

$

—‌

$

—‌

$

—‌

$

129‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

Opportunistic

Municipal

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

119

INVESTMENT

COMPANIES

-

0.04%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0.04%

SPDR

Nuveen

Bloomberg

Barclays

High

Yield

Municipal

Bond

ETF

435‌

$

24‌

VanEck

Vectors

Short

High-Yield

Municipal

Index

ETF

1,000‌

23‌

$

47‌

TOTAL

INVESTMENT

COMPANIES

$

47‌

MUNICIPAL

BONDS

-

103.98%

Principal

Amount

(000's)

Value

(000's)

Alabama

-

3.97%

Lower

Alabama

Gas

District/The

5.00%,

09/01/2034

$

1,500‌

$

1,902‌

Tuscaloosa

County

Industrial

Development

Authority

4.50%,

05/01/2032

(a)

1,000‌

1,003‌

5.25%,

05/01/2044

(a)

2,000‌

2,041‌

$

4,946‌

Arizona

-

4.61%

Arizona

Industrial

Development

Authority

5.00%,

01/01/2049

(a)

1,000‌

886‌

7.25%,

01/01/2054

(a)

1,000‌

936‌

Navajo

Nation

5.50%,

12/01/2030

(a)

2,500‌

2,657‌

Salt

Verde

Financial

Corp

5.00%,

12/01/2032

1,000‌

1,261‌

$

5,740‌

Arkansas

-

0.69%

Arkansas

Development

Finance

Authority

4.50%,

09/01/2049

(a)

1,000‌

860‌

California

-

4.01%

Abag

Finance

Authority

for

Nonprofit

Corps

5.00%,

08/01/2043

500‌

549‌

California

Statewide

Communities

Development

Authority

5.25%,

12/01/2048

(a)

1,000‌

1,018‌

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

1,008‌

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

1,422‌

$

4,998‌

Colorado

-

5.82%

Centerra

Metropolitan

District

No

1

5.00%,

12/01/2037

(a)

1,000‌

955‌

Creekside

Village

Metropolitan

District

5.00%,

12/01/2039

1,255‌

1,182‌

Eagle

County

Airport

Terminal

Corp

5.00%,

05/01/2037

1,000‌

1,106‌

Elbert

County

Independence

Water

&

Sanitation

District

7.25%,

12/01/2038

1,000‌

1,078‌

Painted

Prairie

Public

Improvement

Authority

5.00%,

12/01/2049

500‌

446‌

Prairie

Farm

Metropolitan

District

5.25%,

12/01/2048

1,000‌

1,008‌

Velocity

Metropolitan

District

No

3

5.50%,

12/01/2048

1,500‌

1,466‌

$

7,241‌

Connecticut

-

1.77%

Mohegan

Tribal

Finance

Authority

7.00%,

02/01/2045

(a)

2,400‌

2,208‌

District

of

Columbia

-

0.82%

District

of

Columbia

4.00%,

07/01/2039

1,000‌

1,015‌

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Florida

-

4.88%

Florida

Development

Finance

Corp

6.25%,

01/01/2049

(a),(c)

$

1,000‌

$

873‌

Greater

Orlando

Aviation

Authority

5.00%,

10/01/2047

(d)

2,999‌

3,426‌

Ocean

Highway

&

Port

Authority

5.50%,

12/01/2049

(a)

1,500‌

1,452‌

Orange

County

Housing

Finance

Authority

7.00%,

10/01/2025

325‌

326‌

$

6,077‌

Illinois

-

15.22%

City

of

Chicago

IL

5.50%,

01/01/2042

300‌

305‌

5.50%,

01/01/2049

1,000‌

1,019‌

6.00%,

01/01/2038

1,900‌

2,034‌

7.46%,

02/15/2026

1,707‌

1,194‌

City

of

Chicago

IL

Wastewater

Transmission

Revenue

5.00%,

01/01/2031

760‌

867‌

5.00%,

01/01/2039

1,200‌

1,341‌

Illinois

Finance

Authority

0.00%,

12/01/2042

(e)

300‌

156‌

Illinois

Sports

Facilities

Authority/The

5.00%,

06/15/2028

1,000‌

1,056‌

5.00%,

06/15/2029

1,000‌

1,049‌

Illinois

State

Toll

Highway

Authority

5.00%,

01/01/2040

(d)

5,000‌

5,761‌

Metropolitan

Pier

&

Exposition

Authority

4.00%,

06/15/2050

500‌

426‌

5.00%,

06/15/2050

1,000‌

961‌

5.00%,

06/15/2057

500‌

475‌

Metropolitan

Pier

&

Exposition

Authority

(credit

support

from

National

Public

Finance

Guarantee

Corp

)

5.50%,

06/15/2029

(b)

1,000‌

1,131‌

State

of

Illinois

5.50%,

07/01/2027

1,150‌

1,179‌

$

18,954‌

Indiana

-

0.93%

Indiana

Finance

Authority

7.00%,

03/01/2039

(a)

1,000‌

841‌

Town

of

Shoals

IN

7.25%,

11/01/2043

300‌

312‌

$

1,153‌

Louisiana

-

6.84%

Louisiana

Local

Government

Environmental

Facilities

&

Community

Development

Authority

4.00%,

11/01/2044

(a)

900‌

690‌

4.40%,

11/01/2044

(a)

1,000‌

813‌

5.50%,

11/01/2039

(a)

800‌

741‌

5.65%,

11/01/2037

(a)

1,000‌

969‌

Louisiana

Public

Facilities

Authority

0.00%,

07/01/2039

(e)

278‌

—‌

Parish

of

St

James

LA

6.35%,

10/01/2040

(a)

4,000‌

4,384‌

Parish

of

St

John

the

Baptist

LA

2.10%,

06/01/2037

(c)

1,000‌

916‌

$

8,513‌

Maine

-

0.85%

Finance

Authority

of

Maine

5.25%,

01/01/2025

(a)

1,000‌

1,062‌

Maryland

-

0.80%

City

of

Westminster

MD

6.25%,

07/01/2044

600‌

610‌

Maryland

Economic

Development

Corp

5.38%,

06/01/2025

390‌

390‌

$

1,000‌

Schedule

of

Investments

Opportunistic

Municipal

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

120

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Michigan

-

3.30%

Kalamazoo

Economic

Development

Corp

5.00%,

05/15/2032

$

1,000‌

$

991‌

Michigan

Finance

Authority

5.00%,

07/01/2035

1,000‌

1,181‌

Michigan

Strategic

Fund

5.00%,

11/15/2043

1,000‌

959‌

5.00%,

11/15/2049

1,000‌

977‌

$

4,108‌

Missouri

-

1.98%

City

of

St

Louis

MO

Airport

Revenue

(credit

support

from

National

Public

Finance

Guarantee

Corp

)

5.50%,

07/01/2028

(b)

400‌

502‌

Health

&

Educational

Facilities

Authority

of

the

State

of

Missouri

5.00%,

02/01/2034

1,000‌

1,005‌

Kansas

City

Industrial

Development

Authority

5.00%,

04/01/2046

(a)

1,100‌

959‌

$

2,466‌

Montana

-

1.05%

City

of

Kalispell

MT

5.25%,

05/15/2037

1,400‌

1,312‌

Nevada

-

1.88%

Las

Vegas

Convention

&

Visitors

Authority

5.00%,

07/01/2043

(d)

1,396‌

1,538‌

State

of

Nevada

Department

of

Business

&

Industry

5.13%,

12/15/2037

(a)

1,000‌

803‌

$

2,341‌

New

Hampshire

-

1.84%

New

Hampshire

Business

Finance

Authority

2.95%,

04/01/2029

(a),(c)

1,000‌

915‌

New

Hampshire

Health

and

Education

Facilities

Authority

Act

5.00%,

08/01/2059

1,000‌

1,370‌

$

2,285‌

New

Jersey

-

7.47%

Casino

Reinvestment

Development

Authority

Inc

5.25%,

11/01/2039

250‌

252‌

Essex

County

Improvement

Authority

5.25%,

07/01/2045

(a)

1,300‌

1,303‌

New

Jersey

Economic

Development

Authority

5.00%,

07/15/2028

500‌

534‌

5.00%,

06/15/2047

500‌

512‌

5.25%,

06/15/2040

55‌

68‌

5.25%,

06/15/2040

945‌

978‌

5.63%,

11/15/2030

1,500‌

1,506‌

5.75%,

09/15/2027

500‌

478‌

New

Jersey

Transportation

Trust

Fund

Authority

5.25%,

06/15/2032

2,000‌

2,098‌

South

Jersey

Port

Corp

5.00%,

01/01/2048

1,000‌

974‌

South

Jersey

Transportation

Authority

(credit

support

from

Assured

Guaranty

Municipal

Corp

)

5.00%,

11/01/2029

(b)

500‌

592‌

$

9,295‌

New

York

-

2.84%

Glen

Cove

Local

Economic

Assistance

Corp

5.00%,

01/01/2056

1,000‌

979‌

New

York

Counties

Tobacco

Trust

VI

5.00%,

06/01/2041

400‌

419‌

New

York

State

Thruway

Authority

5.25%,

01/01/2056

1,000‌

1,134‌

New

York

Transportation

Development

Corp

5.00%,

01/01/2036

1,000‌

1,004‌

$

3,536‌

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Ohio

-

5.55%

Buckeye

Tobacco

Settlement

Financing

Authority

5.00%,

06/01/2055

$

3,000‌

$

3,027‌

Cleveland

Department

of

Public

Utilities

Division

of

Public

Power

(credit

support

from

Assured

Guaranty

Municipal

Corp

)

4.00%,

11/15/2037

(b)

500‌

576‌

Cleveland-Cuyahoga

County

Port

Authority

5.50%,

12/01/2043

1,000‌

1,004‌

Ohio

Air

Quality

Development

Authority

4.50%,

01/15/2048

(a)

1,000‌

1,005‌

5.00%,

07/01/2049

(a)

1,000‌

953‌

Ohio

State

Air

Quality

Development

Authority

Escrow

0.00%,

12/01/2023

(e),(f)

1,000‌

347‌

$

6,912‌

Oklahoma

-

1.67%

Oklahoma

Development

Finance

Authority

5.25%,

08/15/2043

1,000‌

1,085‌

Tulsa

County

Industrial

Authority

5.25%,

11/15/2045

1,000‌

990‌

$

2,075‌

Oregon

-

0.54%

Oregon

State

Business

Development

Commission

0.00%,

04/01/2031

(a),(e)

1,000‌

677‌

Pennsylvania

-

5.92%

Allegheny

County

Industrial

Development

Authority

4.88%,

11/01/2024

500‌

449‌

5.13%,

05/01/2030

1,000‌

835‌

Commonwealth

Financing

Authority

5.00%,

06/01/2028

1,000‌

1,244‌

5.00%,

06/01/2035

1,000‌

1,190‌

Lancaster

County

Hospital

Authority/PA

5.00%,

07/01/2045

1,000‌

919‌

Pennsylvania

Economic

Development

Financing

Authority

3.25%,

08/01/2039

(a)

1,000‌

830‌

5.50%,

11/01/2044

1,000‌

1,004‌

5.75%,

06/01/2036

(a)

1,000‌

902‌

$

7,373‌

South

Carolina

-

0.38%

South

Carolina

Jobs-Economic

Development

Authority

5.25%,

11/15/2052

500‌

470‌

South

Dakota

-

0.40%

Oglala

Sioux

Tribe

5.75%,

10/01/2025

(a)

500‌

500‌

Tennessee

-

2.78%

Chattanooga

Health

Educational

&

Housing

Facility

Board

5.00%,

10/01/2028

1,050‌

1,079‌

5.00%,

10/01/2035

500‌

501‌

Metropolitan

Government

Nashville

&

Davidson

County

Health

&

Educational

Facilities

Board

5.00%,

07/01/2040

1,000‌

1,127‌

Nashville

Metropolitan

Development

&

Housing

Agency

5.13%,

06/01/2036

(a)

750‌

752‌

$

3,459‌

Texas

-

6.80%

Grand

Parkway

Transportation

Corp

3.00%,

10/01/2050

1,250‌

1,238‌

North

Texas

Tollway

Authority

5.00%,

01/01/2045

615‌

689‌

5.00%,

01/01/2048

500‌

568‌

Port

Beaumont

Navigation

District

4.00%,

01/01/2050

(a)

3,500‌

2,934‌

Schedule

of

Investments

Opportunistic

Municipal

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

121

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Texas

(continued)

Texas

Municipal

Gas

Acquisition

and

Supply

Corp

I

6.25%,

12/15/2026

$

1,915‌

$

2,200‌

Texas

Private

Activity

Bond

Surface

Transportation

Corp

7.00%,

12/31/2038

300‌

340‌

7.00%,

06/30/2040

500‌

502‌

$

8,471‌

Utah

-

1.06%

Utah

Infrastructure

Agency

5.25%,

10/15/2033

1,250‌

1,319‌

Vermont

-

1.08%

Vermont

Economic

Development

Authority

4.63%,

04/01/2036

(a),(c)

1,300‌

1,350‌

Virginia

-

1.80%

Amelia

County

Industrial

Development

Authority

3.00%,

04/01/2027

(c)

1,500‌

1,516‌

Virginia

Small

Business

Financing

Authority

3.00%,

11/01/2040

700‌

722‌

$

2,238‌

Wisconsin

-

4.43%

Public

Finance

Authority

5.00%,

01/01/2024

500‌

521‌

5.00%,

12/01/2025

1,200‌

1,269‌

5.00%,

09/01/2039

(a)

1,000‌

936‌

5.25%,

04/01/2030

600‌

602‌

Wisconsin

Health

&

Educational

Facilities

Authority

5.00%,

03/15/2050

1,175‌

1,297‌

5.50%,

07/01/2023

80‌

76‌

6.00%,

07/01/2028

170‌

150‌

6.50%,

07/01/2033

300‌

251‌

7.00%,

07/01/2043

500‌

413‌

$

5,515‌

TOTAL

MUNICIPAL

BONDS

$

129,469‌

Total

Investments

$

129,516‌

Liability

for

Floating

Rate

Notes

Issued

in

Conjunction

with

Securities

Held

-

(4.18)%

Notes

with

interest

rates

of

0.17%

-

0.44%

at

May

31,

2020

and

contractual

maturity

of

collateral

from

2024-2026.

(g)

$

(5,197‌)

(5,197‌)

Total

Net

Investments

$

124,319‌

Other

Assets

and

Liabilities

-  0.16%

197‌

TOTAL

NET

ASSETS

-

100.00%

$

124,516‌

(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

$39,208

or

31.49%

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)

Non-income

producing

security

(f)

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

$347

or

0.28%

of

net

assets.

(g)

Floating

rate

securities.

The

interest

rate(s)

shown

reflect

the

rates

in

effect

at

May

31,

2020.

Portfolio

Summary  (unaudited)

Sector

Percent

Revenue

Bonds

89.72‌%

General

Obligation

Unlimited

4.78‌%

General

Obligation

Limited

2.94‌%

Insured

2.66‌%

Tax

Allocation

1.37‌%

Prerefunded

1.15‌%

Certificate

Participation

0.96‌%

Special

Tax

0.40‌%

Investment

Companies

0.04‌%

Liability

For

Floating

Rate

Notes

Issued

(4.18‌)%

Other

Assets

and

Liabilities

0.16‌%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

Origin

Emerging

Markets

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

122

INVESTMENT

COMPANIES

-

2.74%

Shares

Held

Value

(000's)

Money

Market

Funds

-

2.74%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.10%

(a),(b)

111‌

$

—‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(c),(d)

36,939,760‌

36,940‌

$

36,940‌

TOTAL

INVESTMENT

COMPANIES

$

36,940‌

COMMON

STOCKS

-

96.75%

Shares

Held

Value

(000's)

Aerospace

&

Defense

-

2.51%

Aselsan

Elektronik

Sanayi

Ve

Ticaret

AS

7,650,300‌

33,879‌

Apparel

-

0.41%

F&F

Co

Ltd

68,600‌

5,524‌

Automobile

Parts

&

Equipment

-

1.29%

Hyundai

Mobis

Co

Ltd

60,300‌

9,668‌

Weichai

Power

Co

Ltd

4,437,800‌

7,688‌

$

17,356‌

Banks

-

4.73%

Banco

do

Brasil

SA

1,094,900‌

6,239‌

China

Merchants

Bank

Co

Ltd

6,599,200‌

31,096‌

OTP

Bank

Nyrt

(d)

177,500‌

5,967‌

Sberbank

of

Russia

PJSC

ADR

1,793,600‌

20,454‌

$

63,756‌

Beverages

-

0.50%

Kweichow

Moutai

Co

Ltd

34,948‌

6,699‌

Building

Materials

-

4.56%

Anhui

Conch

Cement

Co

Ltd

4,846,200‌

36,543‌

China

National

Building

Material

Co

Ltd

5,612,500‌

6,367‌

China

Resources

Cement

Holdings

Ltd

8,801,300‌

11,120‌

Taiwan

Cement

Corp

5,282,541‌

7,499‌

$

61,529‌

Chemicals

-

0.47%

Soulbrain

Co

Ltd

97,400‌

6,379‌

Commercial

Services

-

2.87%

China

Yuhua

Education

Corp

Ltd

(e)

10,930,969‌

10,724‌

New

Oriental

Education

&

Technology

Group

Inc

ADR

(d)

169,700‌

20,357‌

YDUQS

Participacoes

SA

1,433,500‌

7,656‌

$

38,737‌

Computers

-

2.24%

Infosys

Ltd

ADR

1,126,318‌

10,249‌

Phison

Electronics

Corp

963,000‌

8,876‌

Wiwynn

Corp

416,100‌

11,150‌

$

30,275‌

Diversified

Financial

Services

-

2.90%

B3

SA

-

Brasil

Bolsa

Balcao

1,378,400‌

11,781‌

Chailease

Holding

Co

Ltd

1,862,895‌

7,261‌

E.Sun

Financial

Holding

Co

Ltd

8,869,851‌

7,899‌

Manappuram

Finance

Ltd

2,837,400‌

4,728‌

Muthoot

Finance

Ltd

654,000‌

7,486‌

$

39,155‌

Electric

-

0.45%

Mahanagar

Gas

Ltd

471,400‌

6,072‌

Electronics

-

4.20%

FLEXium

Interconnect

Inc

1,826,000‌

6,632‌

Luxshare

Precision

Industry

Co

Ltd

982,975‌

6,168‌

Micro-Star

International

Co

Ltd

4,914,100‌

16,580‌

Radiant

Opto-Electronics

Corp

1,994,800‌

6,867‌

Simplo

Technology

Co

Ltd

620,800‌

6,651‌

Tripod

Technology

Corp

1,632,300‌

6,138‌

Zhen

Ding

Technology

Holding

Ltd

1,916,300‌

7,659‌

$

56,695‌

Engineering

&

Construction

-

0.32%

Grupo

Aeroportuario

del

Centro

Norte

SAB

de

CV

(d)

974,500‌

4,291‌

Environmental

Control

-

0.71%

China

Conch

Venture

Holdings

Ltd

2,125,900‌

9,595‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Food

-

2.18%

Dino

Polska

SA

(d),(e)

229,600‌

$

10,476‌

WH

Group

Ltd

(e)

15,952,000‌

13,877‌

X5

Retail

Group

NV

169,300‌

5,005‌

$

29,358‌

Gas

-

5.42%

China

Gas

Holdings

Ltd

3,082,000‌

10,896‌

China

Resources

Gas

Group

Ltd

4,984,300‌

27,305‌

ENN

Energy

Holdings

Ltd

2,344,100‌

27,520‌

Indraprastha

Gas

Ltd

1,173,000‌

7,308‌

$

73,029‌

Healthcare

-

Products

-

1.17%

China

Medical

System

Holdings

Ltd

5,278,700‌

6,054‌

Shandong

Weigao

Group

Medical

Polymer

Co

Ltd

5,515,500‌

9,674‌

$

15,728‌

Insurance

-

3.64%

PICC

Property

&

Casualty

Co

Ltd

10,568,500‌

9,247‌

Ping

An

Insurance

Group

Co

of

China

Ltd

4,025,900‌

39,841‌

$

49,088‌

Internet

-

17.37%

Alibaba

Group

Holding

Ltd

ADR

(d)

456,800‌

94,736‌

JD.com

Inc

ADR

(d)

293,006‌

15,919‌

NCSoft

Corp

24,900‌

15,906‌

Tencent

Holdings

Ltd

1,647,505‌

89,222‌

Vipshop

Holdings

Ltd

ADR

(d)

1,063,900‌

18,448‌

$

234,231‌

Lodging

-

0.37%

NagaCorp

Ltd

4,139,900‌

4,955‌

Mining

-

4.33%

MMC

Norilsk

Nickel

PJSC

ADR

1,562,746‌

49,664‌

Polymetal

International

PLC

437,100‌

8,786‌

$

58,450‌

Miscellaneous

Manufacturers

-

1.45%

Elite

Material

Co

Ltd

1,636,800‌

8,065‌

Sunny

Optical

Technology

Group

Co

Ltd

854,300‌

11,481‌

$

19,546‌

Oil

&

Gas

-

1.98%

LUKOIL

PJSC

ADR

354,500‌

26,635‌

Pharmaceuticals

-

4.36%

Changchun

High

&

New

Technology

Industry

Group

Inc

74,983‌

7,006‌

CSPC

Pharmaceutical

Group

Ltd

8,071,300‌

15,911‌

Jiangsu

Hengrui

Medicine

Co

Ltd

585,579‌

6,463‌

Richter

Gedeon

Nyrt

316,400‌

6,915‌

Sino

Biopharmaceutical

Ltd

11,556,700‌

18,261‌

YiChang

HEC

ChangJiang

Pharmaceutical

Co

Ltd

(e)

1,186,300‌

4,217‌

$

58,773‌

Real

Estate

-

2.03%

China

Vanke

Co

Ltd

3,737,700‌

12,202‌

Country

Garden

Services

Holdings

Co

Ltd

(d)

1,863,900‌

8,831‌

Longfor

Group

Holdings

Ltd

(e)

1,376,000‌

6,293‌

$

27,326‌

Retail

-

3.28%

ANTA

Sports

Products

Ltd

2,807,700‌

25,163‌

Wal-Mart

de

Mexico

SAB

de

CV

4,054,300‌

10,147‌

Zhongsheng

Group

Holdings

Ltd

1,713,100‌

8,863‌

$

44,173‌

Semiconductors

-

14.13%

Novatek

Microelectronics

Corp

2,620,700‌

17,944‌

Parade

Technologies

Ltd

(d)

267,000‌

7,690‌

Realtek

Semiconductor

Corp

(d)

1,319,900‌

11,401‌

Samsung

Electronics

Co

Ltd

52,377‌

54,063‌

Samsung

Electronics

Co

Ltd

452,300‌

18,629‌

Taiwan

Semiconductor

Manufacturing

Co

Ltd

1,410,407‌

13,711‌

Taiwan

Semiconductor

Manufacturing

Co

Ltd

ADR

1,332,017‌

67,040‌

$

190,478‌

Schedule

of

Investments

Origin

Emerging

Markets

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

123

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Software

-

5.78%

G-bits

Network

Technology

Xiamen

Co

Ltd

122,300‌

$

6,923‌

HCL

Technologies

Ltd

3,911,000‌

28,544‌

NetEase

Inc

ADR

110,800‌

42,425‌

$

77,892‌

Telecommunications

-

1.10%

Accton

Technology

Corp

1,845,000‌

14,872‌

TOTAL

COMMON

STOCKS

$

1,304,476‌

PREFERRED

STOCKS

-

0.23%

Shares

Held

Value

(000's)

Banks

-

0.23%

Banco

Bradesco

SA

0.02%

870,870‌

$

3,075‌

TOTAL

PREFERRED

STOCKS

$

3,075‌

Total

Investments

$

1,344,491‌

Other

Assets

and

Liabilities

-  0.28%

3,752‌

TOTAL

NET

ASSETS

-

100.00%

$

1,348,243‌

(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

$0

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

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

$45,587

or

3.38%

of

net

assets.

Portfolio

Summary  (unaudited)

Location

Percent

China

44.63‌%

Taiwan

17.35‌%

Korea,

Republic

Of

8.17‌%

Russian

Federation

7.55‌%

Hong

Kong

6.05‌%

India

4.77‌%

United

States

2.74‌%

Turkey

2.51‌%

Brazil

2.13‌%

Mexico

1.07‌%

Hungary

0.95‌%

Poland

0.78‌%

Cyprus

0.65‌%

Cambodia

0.37‌%

Other

Assets

and

Liabilities

0.28‌%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

August

31,

2019

Purchases

Sales

May

31,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

40,635‌

$

547,089‌

$

550,784‌

$

36,940‌

$

40,635‌

$

547,089‌

$

550,784‌

$

36,940‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

213‌

$

—‌

$

—‌

$

—‌

$

213‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

Small-MidCap

Dividend

Income

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

124

INVESTMENT

COMPANIES

-

2.05%

Shares

Held

Value

(000's)

Money

Market

Funds

-

2.05%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.10%

(a),(b)

9‌

$

—‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(c),(d)

32,899,625‌

32,899‌

$

32,899‌

TOTAL

INVESTMENT

COMPANIES

$

32,899‌

COMMON

STOCKS

-

97.98%

Shares

Held

Value

(000's)

Advertising

-

0.62%

Interpublic

Group

of

Cos

Inc

/The

581,793‌

9,954‌

Agriculture

-

1.40%

Phibro

Animal

Health

Corp

858,335‌

22,488‌

Automobile

Manufacturers

-

0.50%

NFI

Group

Inc

674,306‌

7,998‌

Automobile

Parts

&

Equipment

-

1.99%

Linamar

Corp

1,151,551‌

31,983‌

Banks

-

12.79%

Bank

OZK

1,836,166‌

41,295‌

Cathay

General

Bancorp

1,109,655‌

30,171‌

Cullen/Frost

Bankers

Inc

307,393‌

23,353‌

East

West

Bancorp

Inc

1,126,034‌

39,355‌

PacWest

Bancorp

1,541,279‌

26,680‌

Preferred

Bank/Los

Angeles

CA

241,574‌

9,076‌

ServisFirst

Bancshares

Inc

590,165‌

20,585‌

Washington

Trust

Bancorp

Inc

474,937‌

15,184‌

$

205,699‌

Chemicals

-

4.12%

HB

Fuller

Co

235,125‌

8,845‌

Huntsman

Corp

1,774,109‌

32,200‌

RPM

International

Inc

336,892‌

25,193‌

$

66,238‌

Computers

-

4.13%

Amdocs

Ltd

459,741‌

28,623‌

Leidos

Holdings

Inc

359,434‌

37,845‌

$

66,468‌

Consumer

Products

-

1.75%

Avery

Dennison

Corp

254,120‌

28,123‌

Diversified

Financial

Services

-

1.70%

Federal

Agricultural

Mortgage

Corp

182,279‌

11,689‌

Raymond

James

Financial

Inc

225,692‌

15,636‌

$

27,325‌

Electric

-

4.22%

ALLETE

Inc

602,153‌

35,364‌

IDACORP

Inc

74,480‌

6,944‌

PNM

Resources

Inc

205,937‌

8,406‌

Portland

General

Electric

Co

208,396‌

9,818‌

Unitil

Corp

151,083‌

7,278‌

$

67,810‌

Electrical

Components

&

Equipment

-

3.79%

Energizer

Holdings

Inc

611,250‌

26,822‌

Littelfuse

Inc

210,548‌

34,212‌

$

61,034‌

Electronics

-

2.54%

Hubbell

Inc

147,885‌

18,104‌

nVent

Electric

PLC

1,242,454‌

22,774‌

$

40,878‌

Food

-

2.25%

Ingredion

Inc

429,063‌

36,140‌

Gas

-

1.50%

ONE

Gas

Inc

82,327‌

6,913‌

Spire

Inc

236,901‌

17,275‌

$

24,188‌

Hand

&

Machine

Tools

-

4.73%

Lincoln

Electric

Holdings

Inc

284,611‌

23,386‌

MSA

Safety

Inc

237,697‌

28,272‌

Snap-on

Inc

187,904‌

24,369‌

$

76,027‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Healthcare

-

Products

-

5.07%

CONMED

Corp

366,423‌

$

26,899‌

LeMaitre

Vascular

Inc

193,691‌

5,208‌

STERIS

PLC

206,706‌

34,291‌

Teleflex

Inc

41,703‌

15,132‌

$

81,530‌

Home

Builders

-

1.98%

LCI

Industries

322,804‌

31,935‌

Insurance

-

6.03%

Assured

Guaranty

Ltd

920,286‌

23,863‌

Fidelity

National

Financial

Inc

1,251,166‌

39,912‌

James

River

Group

Holdings

Ltd

859,463‌

33,236‌

$

97,011‌

Leisure

Products

&

Services

-

3.68%

Acushnet

Holdings

Corp

1,102,246‌

36,837‌

Brunswick

Corp/DE

405,318‌

22,297‌

$

59,134‌

Machinery

-

Diversified

-

3.92%

Albany

International

Corp

331,562‌

19,993‌

Crane

Co

426,395‌

23,759‌

Nordson

Corp

102,261‌

19,261‌

$

63,013‌

Media

-

1.31%

John

Wiley

&

Sons

Inc

523,499‌

21,045‌

Miscellaneous

Manufacturers

-

1.02%

Donaldson

Co

Inc

165,513‌

7,853‌

EnPro

Industries

Inc

188,635‌

8,504‌

$

16,357‌

Oil

&

Gas

-

2.91%

Cimarex

Energy

Co

464,429‌

12,205‌

Delek

US

Holdings

Inc

355,404‌

6,991‌

Diamondback

Energy

Inc

329,878‌

14,046‌

HollyFrontier

Corp

433,816‌

13,644‌

$

46,886‌

Packaging

&

Containers

-

1.65%

Packaging

Corp

of

America

261,726‌

26,542‌

Pipelines

-

0.88%

Targa

Resources

Corp

789,560‌

14,125‌

REITs

-

12.70%

Agree

Realty

Corp

368,541‌

23,133‌

Camden

Property

Trust

44,647‌

4,088‌

CyrusOne

Inc

573,519‌

42,635‌

EastGroup

Properties

Inc

176,483‌

20,516‌

Four

Corners

Property

Trust

Inc

843,968‌

18,247‌

Granite

Real

Estate

Investment

Trust

388,587‌

19,172‌

Medical

Properties

Trust

Inc

1,503,475‌

27,183‌

National

Health

Investors

Inc

213,696‌

11,858‌

STORE

Capital

Corp

1,236,333‌

23,911‌

Terreno

Realty

Corp

262,458‌

13,435‌

$

204,178‌

Semiconductors

-

5.18%

Kulicke

&

Soffa

Industries

Inc

958,115‌

21,423‌

MKS

Instruments

Inc

490,064‌

51,766‌

Monolithic

Power

Systems

Inc

48,214‌

10,113‌

$

83,302‌

Shipbuilding

-

1.52%

Huntington

Ingalls

Industries

Inc

122,440‌

24,474‌

Software

-

0.33%

Broadridge

Financial

Solutions

Inc

43,434‌

5,260‌

Toys,

Games

&

Hobbies

-

1.77%

Hasbro

Inc

387,084‌

28,455‌

TOTAL

COMMON

STOCKS

$

1,575,600‌

Total

Investments

$

1,608,499‌

Other

Assets

and

Liabilities

-  (0.03)%

(510‌)

TOTAL

NET

ASSETS

-

100.00%

$

1,607,989‌

Schedule

of

Investments

Small-MidCap

Dividend

Income

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

125

(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

$0

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

Portfolio

Summary  (unaudited)

Sector

Percent

Financial

33.22‌%

Industrial

19.17‌%

Consumer,

Non-cyclical

10.47‌%

Consumer,

Cyclical

9.92‌%

Technology

9.64‌%

Utilities

5.72‌%

Basic

Materials

4.12‌%

Energy

3.79‌%

Money

Market

Funds

2.05‌%

Communications

1.93‌%

Other

Assets

and

Liabilities

(0.03‌)%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

August

31,

2019

Purchases

Sales

May

31,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

43,288‌

$

515,898‌

$

526,287‌

$

32,899‌

$

43,288‌

$

515,898‌

$

526,287‌

$

32,899‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

279‌

$

—‌

$

—‌

$

—‌

$

279‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

Small-MidCap

Growth

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

126

INVESTMENT

COMPANIES

-

1.12%

Shares

Held

Value

(000's)

Money

Market

Funds

-

1.12%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.10%

(a),(b)

34,300‌

$

35‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(c),(d)

32,416‌

32‌

$

67‌

TOTAL

INVESTMENT

COMPANIES

$

67‌

COMMON

STOCKS

-

99.50%

Shares

Held

Value

(000's)

Advertising

-

0.62%

Trade

Desk

Inc

/The

(d)

119‌

37‌

Airlines

-

1.91%

Southwest

Airlines

Co

3,538‌

114‌

Apparel

-

0.69%

Crocs

Inc

(d)

1,445‌

41‌

Automobile

Parts

&

Equipment

-

2.29%

Visteon

Corp

(d)

1,904‌

137‌

Banks

-

2.27%

SVB

Financial

Group

(d)

635‌

136‌

Beverages

-

0.90%

Boston

Beer

Co

Inc

/The

(d)

96‌

54‌

Biotechnology

-

7.94%

ACADIA

Pharmaceuticals

Inc

(d)

1,036‌

52‌

Arrowhead

Pharmaceuticals

Inc

(d)

782‌

25‌

Biohaven

Pharmaceutical

Holding

Co

Ltd

(d)

1,112‌

69‌

Bio-Rad

Laboratories

Inc

(d)

60‌

30‌

CRISPR

Therapeutics

AG

(d)

1,026‌

66‌

Exact

Sciences

Corp

(d)

952‌

82‌

Fate

Therapeutics

Inc

(d)

1,274‌

41‌

Immunomedics

Inc

(d)

1,157‌

39‌

Mirati

Therapeutics

Inc

(d)

356‌

35‌

Seattle

Genetics

Inc

(d)

228‌

36‌

$

475‌

Building

Materials

-

3.36%

Masonite

International

Corp

(d)

1,559‌

103‌

Trex

Co

Inc

(d)

813‌

98‌

$

201‌

Commercial

Services

-

3.51%

Chegg

Inc

(d)

769‌

47‌

FTI

Consulting

Inc

(d)

362‌

44‌

TransUnion

1,382‌

119‌

$

210‌

Computers

-

2.39%

Crowdstrike

Holdings

Inc

(d)

1,630‌

143‌

Diversified

Financial

Services

-

2.37%

Hamilton

Lane

Inc

1,127‌

82‌

Tradeweb

Markets

Inc

908‌

60‌

$

142‌

Electrical

Components

&

Equipment

-

1.94%

Generac

Holdings

Inc

(d)

355‌

39‌

Littelfuse

Inc

471‌

77‌

$

116‌

Electronics

-

0.74%

Keysight

Technologies

Inc

(d)

406‌

44‌

Energy

-

Alternate

Sources

-

2.06%

Enphase

Energy

Inc

(d)

507‌

30‌

SolarEdge

Technologies

Inc

(d)

655‌

93‌

$

123‌

Engineering

&

Construction

-

1.69%

TopBuild

Corp

(d)

883‌

101‌

Healthcare

-

Products

-

12.59%

CONMED

Corp

626‌

46‌

Inspire

Medical

Systems

Inc

(d)

1,625‌

132‌

Insulet

Corp

(d)

798‌

150‌

NanoString

Technologies

Inc

(d)

1,196‌

37‌

Natera

Inc

(d)

2,967‌

130‌

Penumbra

Inc

(d)

371‌

64‌

Repligen

Corp

(d)

210‌

28‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Healthcare

-

Products

(continued)

Tandem

Diabetes

Care

Inc

(d)

1,995‌

$

166‌

$

753‌

Healthcare

-

Services

-

2.54%

Addus

HomeCare

Corp

(d)

308‌

30‌

Amedisys

Inc

(d)

181‌

35‌

LHC

Group

Inc

(d)

536‌

87‌

$

152‌

Home

Builders

-

4.06%

DR

Horton

Inc

2,728‌

151‌

KB

Home

2,769‌

92‌

$

243‌

Internet

-

5.37%

Chewy

Inc

(d)

595‌

26‌

Okta

Inc

(d)

402‌

79‌

Q2

Holdings

Inc

(d)

1,235‌

102‌

Zendesk

Inc

(d)

1,332‌

114‌

$

321‌

Leisure

Products

&

Services

-

4.35%

Fox

Factory

Holding

Corp

(d)

2,236‌

161‌

YETI

Holdings

Inc

(d)

3,064‌

99‌

$

260‌

Machinery

-

Diversified

-

1.74%

Middleby

Corp/The

(d)

405‌

28‌

Nordson

Corp

405‌

76‌

$

104‌

Office

&

Business

Equipment

-

0.49%

Zebra

Technologies

Corp

(d)

110‌

29‌

Pharmaceuticals

-

4.92%

DexCom

Inc

(d)

177‌

67‌

Horizon

Therapeutics

Plc

(d)

3,656‌

186‌

MyoKardia

Inc

(d)

117‌

12‌

Reata

Pharmaceuticals

Inc

(d)

201‌

29‌

$

294‌

Retail

-

6.31%

Burlington

Stores

Inc

(d)

344‌

72‌

Floor

&

Decor

Holdings

Inc

(d)

2,882‌

150‌

Freshpet

Inc

(d)

408‌

31‌

National

Vision

Holdings

Inc

(d)

1,868‌

50‌

Papa

John's

International

Inc

947‌

74‌

$

377‌

Semiconductors

-

7.16%

Ambarella

Inc

(d)

880‌

50‌

Cree

Inc

(d)

535‌

28‌

Inphi

Corp

(d)

1,272‌

160‌

Lattice

Semiconductor

Corp

(d)

4,564‌

113‌

MKS

Instruments

Inc

290‌

31‌

Teradyne

Inc

686‌

46‌

$

428‌

Software

-

11.69%

Coupa

Software

Inc

(d)

236‌

54‌

Everbridge

Inc

(d)

727‌

106‌

Five9

Inc

(d)

843‌

88‌

Nuance

Communications

Inc

(d)

6,794‌

155‌

RingCentral

Inc

(d)

801‌

220‌

Tyler

Technologies

Inc

(d)

203‌

76‌

$

699‌

Transportation

-

3.60%

CryoPort

Inc

(d),(e)

1,386‌

34‌

Kansas

City

Southern

955‌

144‌

Knight-Swift

Transportation

Holdings

Inc

886‌

37‌

$

215‌

TOTAL

COMMON

STOCKS

$

5,949‌

Total

Investments

$

6,016‌

Other

Assets

and

Liabilities

-  (0.62)%

(37‌)

TOTAL

NET

ASSETS

-

100.00%

$

5,979‌

Schedule

of

Investments

Small-MidCap

Growth

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

127

(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

$35

or

0.59%

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

Consumer,

Non-cyclical

32.40‌%

Technology

21.73‌%

Consumer,

Cyclical

19.61‌%

Industrial

13.07‌%

Communications

5.99‌%

Financial

4.64‌%

Energy

2.06‌%

Money

Market

Funds

1.12‌%

Other

Assets

and

Liabilities

(0.62‌)%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

August

31,

2019

Purchases

Sales

May

31,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

53‌

$

1,950‌

$

1,971‌

$

32‌

$

53‌

$

1,950‌

$

1,971‌

$

32‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

1‌

$

—‌

$

—‌

$

—‌

$

1‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

Spectrum

Preferred

and

Capital

Securities

Income

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

128

INVESTMENT

COMPANIES

-

3.85%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0.71%

Invesco

Preferred

ETF

547,091‌

$

7,867‌

iShares

Preferred

&

Income

Securities

ETF

(a)

1,076,030‌

37,812‌

$

45,679‌

Money

Market

Funds

-

3.14%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.10%

(b),(c)

4,918,523‌

4,918‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(b),(c),(d),(e)

197,876,746‌

197,877‌

$

202,795‌

TOTAL

INVESTMENT

COMPANIES

$

248,474‌

CONVERTIBLE

PREFERRED

STOCKS

-

0.92%

Shares

Held

Value

(000's)

Banks

-

0.58%

Bank

of

America

Corp

7.25%

(f)

470‌

$

642‌

Wells

Fargo

&

Co

7.50%

(f)

27,052‌

36,520‌

$

37,162‌

Hand

&

Machine

Tools

-

0.34%

Stanley

Black

&

Decker

Inc

0.00%,

05/15/2021

(e),(f)

21,000‌

21,945‌

TOTAL

CONVERTIBLE

PREFERRED

STOCKS

$

59,107‌

PREFERRED

STOCKS

-

12.77%

Shares

Held

Value

(000's)

Banks

-

3.41%

AgriBank

FCB

6.88%,

01/01/2024

(f)

61,700‌

6,185‌

3

Month

USD

LIBOR

+

4.23%

Associated

Banc-Corp

5.88%,

12/15/2023

(a),(f)

2,429‌

62‌

Bank

of

New

York

Mellon

Corp/The

5.20%,

09/20/2020

(a),(f)

126,983‌

3,237‌

Citigroup

Inc

6.88%,

11/15/2023

(a),(f)

414,370‌

11,217‌

3

Month

USD

LIBOR

+

4.13%

Citizens

Financial

Group

Inc

6.35%,

04/06/2024

(f)

14,879‌

376‌

3

Month

USD

LIBOR

+

3.64%

Goldman

Sachs

Group

Inc/The

5.50%,

05/10/2023

(f)

742,590‌

19,203‌

3

Month

USD

LIBOR

+

3.64%

Huntington

Bancshares

Inc/OH

5.88%,

10/15/2021

(a),(f)

325,787‌

8,324‌

Huntington

Bancshares

Inc/OH

6.25%,

04/15/2021

(f)

990,264‌

25,420‌

JPMorgan

Chase

&

Co

4.75%,

12/01/2024

(f)

277,529‌

6,883‌

JPMorgan

Chase

&

Co

5.75%,

12/01/2023

(a),(f)

222,039‌

5,982‌

KeyCorp

6.13%,

12/15/2026

(a),(f)

750,031‌

21,061‌

3

Month

USD

LIBOR

+

3.89%

Morgan

Stanley

4.88%,

01/15/2025

(f)

7,117‌

174‌

Morgan

Stanley

5.85%,

04/15/2027

(a),(f)

649,481‌

17,335‌

3

Month

USD

LIBOR

+

3.49%

PNC

Financial

Services

Group

Inc/The

6.13%,

05/01/2022

(a),(f)

1,239,905‌

32,733‌

3

Month

USD

LIBOR

+

4.07%

Regions

Financial

Corp

5.70%,

05/15/2029

(a),(f)

331,650‌

8,527‌

3

Month

USD

LIBOR

+

3.15%

State

Street

Corp

5.90%,

03/15/2024

(f)

236,076‌

6,081‌

3

Month

USD

LIBOR

+

3.11%

Synovus

Financial

Corp

5.88%,

07/01/2024

(f)

344,000‌

7,516‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.13%

Truist

Financial

Corp

5.63%,

06/01/2021

(f)

134,160‌

3,453‌

US

Bancorp

3.50%,

07/01/2020

(f)

11,300‌

227‌

3

Month

USD

LIBOR

+

0.60%

US

Bancorp

6.50%,

01/15/2022

(f)

239,945‌

6,418‌

3

Month

USD

LIBOR

+

4.47%

Valley

National

Bancorp

6.25%,

06/30/2025

(f)

170,096‌

4,215‌

3

Month

USD

LIBOR

+

3.85%

Webster

Financial

Corp

5.25%,

12/15/2022

(a),(f)

194,856‌

5,016‌

Wells

Fargo

&

Co

4.75%,

03/15/2025

(f)

330,978‌

7,854‌

Wells

Fargo

&

Co

5.63%,

06/15/2022

(a),(f)

194,971‌

5,046‌

Wells

Fargo

&

Co

5.85%,

09/15/2023

(f)

62,555‌

1,570‌

3

Month

USD

LIBOR

+

3.09%

PREFERRED

STOCKS

(continued)

Shares

Held

Value

(000’s)

Banks

(continued)

Wells

Fargo

&

Co

6.63%,

03/15/2024

(f)

207,457‌

$

5,527‌

3

Month

USD

LIBOR

+

3.69%

$

219,642‌

Diversified

Financial

Services

-

0.30%

Affiliated

Managers

Group

Inc

5.88%,

03/30/2059

146,661‌

3,953‌

Capital

One

Financial

Corp

0.00%,

06/01/2025

(e),(f)

160,148‌

3,499‌

Capital

One

Financial

Corp

5.00%,

12/01/2024

(a),(f)

355,725‌

8,310‌

Charles

Schwab

Corp/The

6.00%,

12/01/2020

(f)

138,263‌

3,516‌

$

19,278‌

Electric

-

2.72%

Alabama

Power

Co

5.00%,

10/01/2022

(a),(f)

572,000‌

15,804‌

Algonquin

Power

&

Utilities

Corp

6.20%,

07/01/2079

490,152‌

13,234‌

3

Month

USD

LIBOR

+

4.01%

CMS

Energy

Corp

5.88%,

03/01/2079

(a)

114,535‌

3,048‌

Dominion

Energy

Inc

5.25%,

07/30/2076

(a)

890,372‌

23,346‌

DTE

Energy

Co

5.25%,

12/01/2062

306,488‌

7,751‌

DTE

Energy

Co

5.25%,

12/01/2077

315,006‌

8,190‌

DTE

Energy

Co

5.38%,

06/01/2076

7,539‌

195‌

Duke

Energy

Corp

5.13%,

01/15/2073

341,237‌

8,695‌

Duke

Energy

Corp

5.75%,

06/15/2024

(f)

68,264‌

1,890‌

Entergy

Arkansas

LLC

4.90%,

12/01/2052

147,158‌

3,810‌

Entergy

Louisiana

LLC

4.70%,

06/01/2063

(a)

156,785‌

4,025‌

Entergy

Louisiana

LLC

4.88%,

09/01/2066

(a)

24,691‌

643‌

Entergy

Louisiana

LLC

5.25%,

07/01/2052

(a)

97,081‌

2,481‌

Entergy

Texas

Inc

5.38%,

10/15/2024

(a),(f)

30,000‌

776‌

Georgia

Power

Co

5.00%,

10/01/2077

262,012‌

6,818‌

Integrys

Holding

Inc

6.00%,

08/01/2073

81,343‌

2,054‌

3

Month

USD

LIBOR

+

3.22%

Interstate

Power

and

Light

Co

5.10%,

07/01/2020

(a),(f)

493,973‌

12,606‌

National

Rural

Utilities

Cooperative

Finance

Corp

5.50%,

05/15/2064

225,022‌

6,008‌

NextEra

Energy

Capital

Holdings

Inc

5.00%,

01/15/2073

(a)

477,663‌

12,099‌

NextEra

Energy

Capital

Holdings

Inc

5.13%,

11/15/2072

(a)

658,383‌

16,657‌

NextEra

Energy

Capital

Holdings

Inc

5.65%,

03/01/2079

(a)

77,046‌

2,075‌

Southern

Co/The

0.00%,

01/30/2080

(e)

239,337‌

5,972‌

Southern

Co/The

5.25%,

12/01/2077

(a)

555,000‌

14,535‌

Southern

Co/The

5.25%,

10/01/2076

100,061‌

2,575‌

$

175,287‌

Food

-

0.34%

Dairy

Farmers

of

America

Inc

7.88%,

07/01/2020

(f),(g)

16,000‌

1,376‌

Dairy

Farmers

of

America

Inc

7.88%,

12/01/2025

(f),(g)

236,300‌

20,322‌

$

21,698‌

Gas

-

0.02%

Entergy

New

Orleans

LLC

5.00%,

12/01/2052

3,299‌

84‌

Entergy

New

Orleans

LLC

5.50%,

04/01/2066

(a)

46,623‌

1,240‌

$

1,324‌

Insurance

-

1.92%

Allstate

Corp/The

4.75%,

01/15/2025

(a),(f)

153,679‌

3,931‌

Allstate

Corp/The

5.10%,

01/15/2053

(a)

537,816‌

14,048‌

3

Month

USD

LIBOR

+

3.17%

American

Financial

Group

Inc/OH

5.63%,

06/01/2060

118,000‌

3,015‌

American

Financial

Group

Inc/OH

5.88%,

03/30/2059

(a)

100,515‌

2,667‌

American

International

Group

Inc

5.85%,

03/15/2024

(a),(f)

15,000‌

395‌

Arch

Capital

Group

Ltd

5.25%,

09/29/2021

(a),(f)

288,642‌

7,031‌

Arch

Capital

Group

Ltd

5.45%,

08/17/2022

(f)

53,235‌

1,349‌

Equitable

Holdings

Inc

5.25%,

12/15/2024

(f)

475,000‌

11,348‌

Schedule

of

Investments

Spectrum

Preferred

and

Capital

Securities

Income

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

129

PREFERRED

STOCKS

(continued)

Shares

Held

Value

(000’s)

Insurance

(continued)

Hartford

Financial

Services

Group

Inc/The

7.88%,

04/15/2042

1,042,030‌

$

28,260‌

3

Month

USD

LIBOR

+

5.60%

MetLife

Inc

0.00%,

03/15/2025

(e),(f)

30,000‌

745‌

Reinsurance

Group

of

America

Inc

6.20%,

09/15/2042

(a)

369,363‌

9,094‌

3

Month

USD

LIBOR

+

4.37%

RenaissanceRe

Holdings

Ltd

5.38%,

07/01/2020

(f)

544,287‌

13,721‌

RenaissanceRe

Holdings

Ltd

5.75%,

06/30/2023

(f)

29,666‌

771‌

Voya

Financial

Inc

5.35%,

09/15/2029

(a),(f)

72,909‌

1,876‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.21%

WR

Berkley

Corp

5.63%,

04/30/2053

923,402‌

24,101‌

WR

Berkley

Corp

5.70%,

03/30/2058

(a)

1,933‌

51‌

WR

Berkley

Corp

5.75%,

06/01/2056

65,882‌

1,689‌

$

124,092‌

REITs

-

1.48%

Digital

Realty

Trust

Inc

5.88%,

07/01/2020

(f)

88,984‌

2,298‌

Digital

Realty

Trust

Inc

6.35%,

08/24/2020

(f)

189,212‌

4,849‌

Diversified

Healthcare

Trust

6.25%,

02/01/2046

48,263‌

907‌

Federal

Realty

Investment

Trust

5.00%,

09/29/2022

(a),(f)

47,736‌

1,212‌

Kimco

Realty

Corp

5.25%,

12/20/2022

(a),(f)

391,040‌

9,447‌

National

Retail

Properties

Inc

5.20%,

10/11/2021

(f)

121,247‌

2,860‌

Prologis

Inc

8.54%,

11/13/2026

(f)

162,700‌

12,772‌

PS

Business

Parks

Inc

4.88%,

11/04/2024

(f)

3,957‌

97‌

PS

Business

Parks

Inc

5.25%,

09/21/2022

(f)

57,755‌

1,481‌

Public

Storage

4.75%,

12/20/2024

(a),(f)

185,477‌

4,815‌

Public

Storage

4.90%,

10/14/2021

(f)

6,561‌

167‌

Public

Storage

5.05%,

08/09/2022

(a),(f)

177,565‌

4,668‌

Public

Storage

5.20%,

07/01/2020

(f)

66,653‌

1,704‌

Public

Storage

5.60%,

03/11/2024

(f)

311,855‌

8,601‌

SITE

Centers

Corp

6.38%,

06/05/2022

(f)

395,382‌

7,955‌

Vornado

Realty

Trust

5.25%,

12/13/2022

(f)

382,922‌

8,815‌

Vornado

Realty

Trust

5.40%,

07/01/2020

(a),(f)

188,066‌

4,356‌

Vornado

Realty

Trust

5.70%,

07/01/2020

(f)

759,462‌

18,645‌

$

95,649‌

Savings

&

Loans

-

0.05%

People's

United

Financial

Inc

5.63%,

12/15/2026

(a),(f)

94,067‌

2,438‌

3

Month

USD

LIBOR

+

4.02%

Sterling

Bancorp/DE

6.50%,

10/15/2022

(a),(f)

42,713‌

1,077‌

$

3,515‌

Sovereign

-

1.05%

CoBank

ACB

6.13%,

10/01/2020

(f)

8,000‌

812‌

CoBank

ACB

6.20%,

01/01/2025

(f)

65,000‌

6,896‌

3

Month

USD

LIBOR

+

3.74%

CoBank

ACB

6.25%,

10/01/2022

(f)

296,500‌

30,391‌

3

Month

USD

LIBOR

+

4.56%

Farm

Credit

Bank

of

Texas

6.75%,

09/15/2023

(f),(g)

270,500‌

27,321‌

3

Month

USD

LIBOR

+

4.01%

Farm

Credit

Bank

of

Texas

10.00%,

07/01/2020

(f)

2,350‌

2,350‌

$

67,770‌

Telecommunications

-

1.48%

AT&T

Inc

0.00%,

02/18/2025

(e),(f)

2,704,605‌

64,180‌

AT&T

Inc

5.00%,

12/12/2024

(a),(f)

40,144‌

1,032‌

Telephone

and

Data

Systems

Inc

6.63%,

03/31/2045

(a)

72,184‌

1,844‌

Telephone

and

Data

Systems

Inc

7.00%,

03/15/2060

1,067,862‌

27,530‌

United

States

Cellular

Corp

6.95%,

05/15/2060

45,971‌

1,184‌

$

95,770‌

TOTAL

PREFERRED

STOCKS

$

824,025‌

BONDS

-

81.85%

Principal

Amount

(000's)

Value

(000's)

Banks

-

49.14%

Australia

&

New

Zealand

Banking

Group

Ltd/

United

Kingdom

6.75%,

12/31/2049

(f),(g),(h)

$

5,000‌

$

5,534‌

USD

Swap

Rate

NY

5

Year

+

5.17%

6.75%,

12/31/2049

(f),(h)

2,700‌

2,989‌

USD

Swap

Rate

NY

5

Year

+

5.17%

Banco

Bilbao

Vizcaya

Argentaria

SA

6.50%,

12/31/2049

(f),(h)

30,600‌

28,764‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.19%

Banco

Santander

SA

7.50%,

12/31/2049

(f),(h)

22,400‌

22,960‌

USD

Swap

Semi-Annual

5

Year

+

4.99%

Bank

of

America

Corp

6.10%,

12/31/2049

(f),(h)

5,000‌

5,250‌

3

Month

USD

LIBOR

+

3.90%

6.25%,

12/31/2049

(f),(h)

30,599‌

31,670‌

3

Month

USD

LIBOR

+

3.71%

6.30%,

12/31/2049

(f),(h)

46,995‌

51,460‌

3

Month

USD

LIBOR

+

4.55%

6.50%,

12/31/2049

(f),(h)

97,785‌

105,379‌

3

Month

USD

LIBOR

+

4.17%

8.05%,

06/15/2027

6,312‌

7,776‌

Bank

of

Montreal

1.85%,

05/01/2025

11,800‌

12,110‌

Bank

of

New

York

Mellon

Corp/The

4.62%,

12/31/2099

(f),(h)

19,688‌

19,196‌

3

Month

USD

LIBOR

+

3.13%

4.70%,

12/31/2049

(f),(h)

12,400‌

12,756‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.36%

4.95%,

12/31/2049

(f),(h)

73,500‌

69,312‌

3

Month

USD

LIBOR

+

3.42%

Bank

of

Nova

Scotia/The

1.63%,

05/01/2023

9,000‌

9,164‌

4.90%,

12/31/2049

(f),(h),(i)

1,500‌

1,481‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.55%

Barclays

Bank

PLC

6.28%,

12/31/2049

(f),(h)

4,000‌

4,145‌

3

Month

USD

LIBOR

+

1.55%

6.86%,

12/31/2049

(f),(h)

517‌

626‌

6

Month

USD

LIBOR

+

1.73%

7.63%,

11/21/2022

8,000‌

8,600‌

Barclays

PLC

7.75%,

12/31/2049

(f),(h)

47,300‌

46,590‌

USD

Swap

Semi-Annual

5

Year

+

4.84%

7.88%,

12/31/2049

(f),(h)

30,065‌

30,441‌

USD

Swap

Semi-Annual

5

Year

+

6.77%

8.00%,

12/31/2049

(f),(h)

67,803‌

69,489‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.67%

BNP

Paribas

SA

6.63%,

12/31/2049

(f),(g),(h)

39,300‌

40,180‌

USD

Swap

Semi-Annual

5

Year

+

4.15%

6.63%,

12/31/2049

(f),(h)

8,700‌

8,895‌

USD

Swap

Rate

NY

5

Year

+

4.15%

7.00%,

12/31/2049

(f),(g),(h)

2,500‌

2,681‌

USD

Swap

Semi-Annual

5

Year

+

3.98%

7.19%,

12/31/2049

(f),(h)

800‌

861‌

3

Month

USD

LIBOR

+

1.29%

7.20%,

12/31/2049

(f),(g),(h)

10,800‌

11,621‌

3

Month

USD

LIBOR

+

1.29%

7.37%,

12/31/2049

(f),(g),(h)

100‌

110‌

USD

Swap

Semi-Annual

5

Year

+

5.15%

7.37%,

12/31/2049

(f),(h)

13,000‌

14,251‌

USD

Swap

Semi-Annual

5

Year

+

5.15%

Schedule

of

Investments

Spectrum

Preferred

and

Capital

Securities

Income

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

130

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

BNP

Paribas

SA  

(continued)

7.63%,

12/31/2049

(f),(g),(h)

$

80,898‌

$

82,920‌

USD

Swap

Semi-Annual

5

Year

+

6.31%

7.63%,

12/31/2049

(f),(h)

33,100‌

33,928‌

USD

Swap

Semi-Annual

5

Year

+

6.31%

BPCE

SA

5.15%,

07/21/2024

(g)

13,014‌

14,242‌

Citigroup

Capital

III

7.63%,

12/01/2036

2,700‌

3,561‌

Citigroup

Inc

5.90%,

12/31/2049

(f),(h)

7,383‌

7,457‌

3

Month

USD

LIBOR

+

4.23%

5.95%,

12/31/2049

(f),(h)

27,100‌

27,227‌

3

Month

USD

LIBOR

+

4.07%

5.95%,

12/31/2049

(f),(h)

10,770‌

11,024‌

3

Month

USD

LIBOR

+

3.91%

5.95%,

12/31/2049

(f),(h)

19,000‌

17,761‌

3

Month

USD

LIBOR

+

4.10%

6.13%,

12/31/2049

(f),(h)

36,800‌

35,962‌

3

Month

USD

LIBOR

+

4.48%

6.25%,

12/31/2049

(f),(h)

86,582‌

92,210‌

3

Month

USD

LIBOR

+

4.52%

Citizens

Financial

Group

Inc

5.33%,

12/31/2049

(f)

13,300‌

11,292‌

3

Month

USD

LIBOR

+

3.96%

5.65%,

12/31/2049

(f),(h),(i)

33,550‌

33,131‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.31%

6.00%,

12/31/2049

(f),(h)

7,000‌

6,160‌

3

Month

USD

LIBOR

+

3.00%

6.38%,

12/31/2049

(a),(f),(h)

7,000‌

6,577‌

3

Month

USD

LIBOR

+

3.16%

Comerica

Inc

5.63%,

12/31/2049

(f),(h)

9,400‌

9,348‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.29%

Corestates

Capital

III

0.96%,

02/15/2027

(g)

18,621‌

16,423‌

3

Month

USD

LIBOR

+

0.57%

Credit

Agricole

SA

7.88%,

12/31/2049

(f),(g),(h)

29,540‌

32,213‌

USD

Swap

Semi-Annual

5

Year

+

4.90%

7.88%,

12/31/2049

(f),(h)

18,100‌

19,738‌

USD

Swap

Semi-Annual

5

Year

+

4.90%

8.13%,

12/31/2049

(f),(g),(h)

34,068‌

39,008‌

USD

Swap

Semi-Annual

5

Year

+

6.19%

Credit

Suisse

AG

6.50%,

08/08/2023

(g)

23,254‌

25,113‌

6.50%,

08/08/2023

6,000‌

6,480‌

Credit

Suisse

Group

AG

5.10%,

12/31/2049

(f),(g),(h)

21,300‌

19,702‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.29%

6.25%,

12/31/2049

(f),(g),(h)

6,000‌

6,275‌

USD

Swap

Semi-Annual

5

Year

+

3.46%

6.38%,

12/31/2099

(f),(g),(h)

14,400‌

14,736‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.82%

7.13%,

12/31/2049

(f),(h)

24,838‌

25,626‌

USD

Swap

Semi-Annual

5

Year

+

5.11%

7.50%,

12/31/2049

(f),(g),(h)

6,500‌

6,683‌

USD

Swap

Semi-Annual

5

Year

+

4.60%

7.50%,

12/31/2049

(f),(g),(h)

77,040‌

82,804‌

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%,

12/31/2099

(f),(h)

$

2,500‌

$

2,444‌

USD

Swap

Semi-Annual

7

Year

+

3.90%

7.00%,

12/31/2049

(f),(h)

19,645‌

19,830‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

7

Year

+

4.13%

Fifth

Third

Bancorp

5.10%,

12/31/2049

(f),(h)

1,000‌

893‌

3

Month

USD

LIBOR

+

3.03%

First

Maryland

Capital

I

2.22%,

01/15/2027

2,000‌

1,714‌

3

Month

USD

LIBOR

+

1.00%

Goldman

Sachs

Group

Inc/The

4.37%,

12/31/2049

(f)

11,300‌

10,129‌

3

Month

USD

LIBOR

+

3.92%

4.95%,

12/31/2049

(f),(h)

19,663‌

18,876‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.22%

5.50%,

12/31/2049

(a),(f),(h)

13,750‌

14,094‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.62%

HBOS

Capital

Funding

LP

6.85%,

12/31/2049

(f)

19,106‌

19,215‌

HSBC

Capital

Funding

Dollar

1

LP

10.18%,

12/31/2049

(f),(g),(h)

56,967‌

88,299‌

3

Month

USD

LIBOR

+

4.98%

10.18%,

12/31/2049

(f),(h)

34,808‌

53,952‌

3

Month

USD

LIBOR

+

4.98%

HSBC

Holdings

PLC

6.00%,

12/31/2099

(f),(h)

15,900‌

15,443‌

USD

Swap

Rate

NY

5

Year

+

3.75%

6.37%,

12/31/2049

(f),(h)

14,800‌

14,939‌

USD

Swap

Rate

NY

5

Year

+

4.37%

6.38%,

12/31/2049

(f),(h)

3,300‌

3,255‌

USD

Swap

Rate

NY

5

Year

+

3.71%

6.50%,

12/31/2099

(f),(h)

25,600‌

25,504‌

USD

Swap

Rate

NY

5

Year

+

3.61%

6.87%,

12/31/2049

(f),(h)

54,800‌

56,155‌

USD

Swap

Rate

NY

5

Year

+

5.51%

Huntington

Bancshares

Inc/OH

5.63%,

12/31/2049

(f),(h),(i)

16,370‌

16,452‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

10

Year

+

4.95%

ING

Groep

NV

5.75%,

12/31/2049

(f),(h)

14,075‌

13,635‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.34%

6.50%,

12/31/2049

(f),(h)

35,300‌

35,879‌

USD

Swap

Semi-Annual

5

Year

+

4.45%

6.87%,

12/31/2049

(f),(h)

25,320‌

26,016‌

USD

Swap

Semi-Annual

5

Year

+

5.12%

Intesa

Sanpaolo

SpA

7.70%,

12/31/2049

(f),(g),(h)

2,900‌

2,788‌

USD

Swap

Semi-Annual

5

Year

+

5.46%

JPMorgan

Chase

&

Co

4.49%,

12/31/2099

(f)

25,318‌

23,340‌

3

Month

USD

LIBOR

+

3.80%

4.60%,

12/31/2049

(f),(h)

7,000‌

6,221‌

United

States

Secured

Overnight

Financing

Rate

+

3.13%

6.75%,

12/31/2049

(f),(h)

147,336‌

156,913‌

3

Month

USD

LIBOR

+

3.78%

KeyCorp

5.00%,

12/31/2049

(f),(h)

20,101‌

18,794‌

3

Month

USD

LIBOR

+

3.61%

KeyCorp

Capital

I

2.17%,

07/01/2028

2,825‌

2,432‌

3

Month

USD

LIBOR

+

0.74%

Schedule

of

Investments

Spectrum

Preferred

and

Capital

Securities

Income

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

131

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

KeyCorp

Capital

III

7.75%,

07/15/2029

$

3,500‌

$

4,583‌

Lloyds

Bank

PLC

12.00%,

12/31/2049

(f),(g),(h)

38,250‌

43,674‌

3

Month

USD

LIBOR

+

11.76%

12.00%,

12/31/2049

(f),(h)

21,889‌

24,993‌

3

Month

USD

LIBOR

+

11.76%

Lloyds

Banking

Group

PLC

3.87%,

07/09/2025

(h)

5,000‌

5,308‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

1

Year

+

3.50%

6.41%,

12/31/2049

(f),(g),(h)

12,674‌

13,372‌

3

Month

USD

LIBOR

+

1.50%

6.66%,

12/31/2049

(f),(h)

3,000‌

3,334‌

3

Month

USD

LIBOR

+

1.27%

6.66%,

12/31/2049

(a),(f),(g),(h)

51,385‌

57,102‌

3

Month

USD

LIBOR

+

1.27%

7.50%,

12/31/2049

(f),(h)

47,496‌

48,505‌

USD

Swap

Semi-Annual

5

Year

+

4.76%

7.50%,

12/31/2049

(f),(h)

22,500‌

23,177‌

USD

Swap

Semi-Annual

5

Year

+

4.50%

M&T

Bank

Corp

5.00%,

12/31/2049

(f),(h)

1,465‌

1,441‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.17%

5.12%,

12/31/2049

(f),(h)

14,020‌

14,020‌

3

Month

USD

LIBOR

+

3.52%

6.45%,

12/31/2049

(f),(h)

6,615‌

6,813‌

3

Month

USD

LIBOR

+

3.61%

Morgan

Stanley

5.55%,

12/31/2049

(f),(h)

8,500‌

7,565‌

3

Month

USD

LIBOR

+

3.81%

Nordea

Bank

Abp

6.13%,

12/31/2049

(f),(g),(h)

42,131‌

42,110‌

USD

Swap

Semi-Annual

5

Year

+

3.39%

6.13%,

12/31/2049

(a),(f),(h)

8,235‌

8,231‌

USD

Swap

Semi-Annual

5

Year

+

3.39%

6.63%,

12/31/2099

(f),(g),(h)

29,520‌

31,217‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.11%

Northern

Trust

Corp

4.60%,

12/31/2049

(f),(h)

4,400‌

4,246‌

3

Month

USD

LIBOR

+

3.20%

NTC

Capital

I

1.74%,

01/15/2027

5,500‌

5,022‌

3

Month

USD

LIBOR

+

0.52%

NTC

Capital

II

1.81%,

04/15/2027

6,500‌

5,747‌

3

Month

USD

LIBOR

+

0.59%

PNC

Financial

Services

Group

Inc/The

6.75%,

12/31/2049

(f),(h)

37,635‌

37,755‌

3

Month

USD

LIBOR

+

3.68%

RBS

Capital

Trust

II

6.43%,

12/31/2049

(f),(h)

2,750‌

3,926‌

3

Month

USD

LIBOR

+

1.94%

Royal

Bank

of

Scotland

Group

PLC

3.77%,

12/31/2049

(f)

1,900‌

1,702‌

3

Month

USD

LIBOR

+

2.32%

7.50%,

12/31/2049

(f),(h)

74,931‌

73,386‌

USD

Swap

Semi-Annual

5

Year

+

5.80%

7.65%,

12/31/2049

(f),(h)

28,946‌

41,248‌

3

Month

USD

LIBOR

+

2.50%

8.00%,

12/31/2049

(a),(f),(h)

7,825‌

8,451‌

USD

Swap

Semi-Annual

5

Year

+

5.72%

8.62%,

12/31/2049

(f),(h)

35,275‌

36,628‌

USD

Swap

Semi-Annual

5

Year

+

7.60%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Skandinaviska

Enskilda

Banken

AB

5.63%,

12/31/2049

(f),(h)

$

5,000‌

$

4,977‌

USD

Swap

Semi-Annual

5

Year

+

3.49%

Societe

Generale

SA

7.37%,

12/31/2049

(f),(h)

14,120‌

14,216‌

USD

Swap

Semi-Annual

5

Year

+

6.24%

7.38%,

12/31/2049

(f),(g),(h)

16,800‌

16,419‌

USD

Swap

Semi-Annual

5

Year

+

4.30%

7.38%,

12/31/2049

(f),(g),(h)

25,326‌

25,498‌

USD

Swap

Semi-Annual

5

Year

+

6.24%

7.88%,

12/31/2049

(f),(g),(h)

4,900‌

4,983‌

USD

Swap

Semi-Annual

5

Year

+

4.98%

7.88%,

12/31/2049

(f),(h)

14,000‌

14,236‌

USD

Swap

Semi-Annual

5

Year

+

4.98%

8.00%,

12/31/2049

(f),(g),(h)

23,900‌

25,573‌

USD

Swap

Rate

NY

5

Year

+

5.87%

8.00%,

12/31/2049

(f),(h)

9,000‌

9,630‌

USD

Swap

Rate

NY

5

Year

+

5.87%

Standard

Chartered

PLC

3.95%,

01/11/2023

11,767‌

12,065‌

4.25%,

01/20/2023

(g),(h)

7,063‌

7,302‌

3

Month

USD

LIBOR

+

1.15%

4.87%,

03/15/2033

(h)

1,026‌

1,092‌

USD

Swap

Rate

NY

5

Year

+

1.97%

7.01%,

12/31/2049

(a),(f),(g),(h)

42,900‌

46,547‌

3

Month

USD

LIBOR

+

1.46%

7.01%,

12/31/2049

(f),(h)

19,800‌

21,483‌

3

Month

USD

LIBOR

+

1.46%

7.50%,

12/31/2049

(f),(g),(h)

17,700‌

18,165‌

USD

Swap

Semi-Annual

5

Year

+

6.30%

7.50%,

12/31/2049

(a),(f),(h)

10,500‌

10,776‌

USD

Swap

Semi-Annual

5

Year

+

6.30%

7.75%,

12/31/2049

(f),(g),(h)

25,000‌

25,781‌

USD

Swap

Semi-Annual

5

Year

+

5.72%

State

Street

Corp

5.25%,

12/31/2049

(f),(h)

4,000‌

3,770‌

3

Month

USD

LIBOR

+

3.60%

Svenska

Handelsbanken

AB

5.25%,

12/31/2049

(f),(h)

29,400‌

29,374‌

USD

Swap

Semi-Annual

5

Year

+

3.34%

6.25%,

12/31/2049

(f),(h)

4,600‌

4,781‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.69%

Swedbank

AB

6.00%,

12/31/2049

(f),(h)

5,200‌

5,193‌

USD

Swap

Semi-Annual

5

Year

+

4.11%

Truist

Bank

1.06%,

05/15/2027

10,900‌

9,350‌

3

Month

USD

LIBOR

+

0.67%

1.39%,

03/15/2028

9,022‌

7,726‌

3

Month

USD

LIBOR

+

0.65%

2.41%,

04/01/2027

7,000‌

6,022‌

3

Month

USD

LIBOR

+

0.98%

Truist

Financial

Corp

4.80%,

12/31/2099

(f),(h)

99,300‌

94,435‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.00%

4.95%,

12/31/2049

(f),(h),(i)

37,340‌

37,620‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.61%

UBS

Group

AG

6.88%,

12/31/2049

(f),(h)

31,931‌

32,349‌

USD

Swap

Semi-Annual

(VS

6

Month)

5

Year

+

5.50%

Schedule

of

Investments

Spectrum

Preferred

and

Capital

Securities

Income

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

132

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

UBS

Group

AG  

(continued)

6.88%,

12/31/2049

(f),(h)

$

11,933‌

$

12,515‌

USD

Swap

Semi-Annual

(VS

6

Month)

5

Year

+

4.59%

7.00%,

12/31/2049

(f),(g),(h)

19,500‌

20,079‌

USD

Swap

Semi-Annual

5

Year

+

4.34%

7.00%,

12/31/2049

(f),(h)

10,800‌

11,121‌

USD

Swap

Semi-Annual

(VS

6

Month)

5

Year

+

4.34%

7.00%,

12/31/2049

(f),(h)

20,700‌

22,562‌

USD

Swap

Semi-Annual

(VS

6

Month)

5

Year

+

4.87%

7.13%,

12/31/2049

(f),(h)

6,000‌

6,136‌

USD

Swap

Semi-Annual

(VS

6

Month)

5

Year

+

5.88%

UniCredit

SpA

8.00%,

12/31/2049

(f),(h)

21,000‌

19,794‌

USD

Swap

Semi-Annual

5

Year

+

5.18%

US

Bancorp

5.12%,

12/31/2049

(f),(h)

16,900‌

16,804‌

3

Month

USD

LIBOR

+

3.49%

USB

Realty

Corp

2.37%,

12/31/2049

(f),(g)

1,500‌

1,198‌

3

Month

USD

LIBOR

+

1.15%

Wells

Fargo

&

Co

5.87%,

12/31/2049

(f),(h)

50,300‌

53,318‌

3

Month

USD

LIBOR

+

3.99%

7.95%,

11/15/2029

3,700‌

4,742‌

$

3,170,292‌

Diversified

Financial

Services

-

2.71%

Capital

One

Financial

Corp

5.55%,

12/31/2049

(f)

20,430‌

16,651‌

3

Month

USD

LIBOR

+

3.80%

Charles

Schwab

Corp/The

5.38%,

12/31/2049

(f),(h)

99,550‌

105,468‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.97%

7.00%,

12/31/2049

(f),(h)

28,358‌

29,758‌

3

Month

USD

LIBOR

+

4.82%

Depository

Trust

&

Clearing

Corp/The

4.88%,

12/31/2049

(f),(g),(h)

27,000‌

23,220‌

3

Month

USD

LIBOR

+

3.17%

$

175,097‌

Electric

-

4.65%

Dominion

Energy

Inc

4.65%,

12/31/2099

(f),(h)

104,799‌

102,534‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.99%

Duke

Energy

Corp

4.88%,

12/31/2099

(f),(h)

41,700‌

42,221‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.39%

Emera

Inc

6.75%,

06/15/2076

(h)

57,795‌

62,535‌

3

Month

USD

LIBOR

+

5.44%

Enel

SpA

8.75%,

09/24/2073

(g),(h)

12,991‌

14,751‌

USD

Swap

Semi-Annual

5

Year

+

5.88%

National

Rural

Utilities

Cooperative

Finance

Corp

5.25%,

04/20/2046

(h)

22,969‌

24,152‌

3

Month

USD

LIBOR

+

3.63%

NextEra

Energy

Capital

Holdings

Inc

2.87%,

06/15/2067

8,920‌

6,804‌

3

Month

USD

LIBOR

+

2.13%

3.50%,

10/01/2066

23,474‌

18,545‌

3

Month

USD

LIBOR

+

2.07%

4.80%,

12/01/2077

(h)

2,300‌

2,340‌

3

Month

USD

LIBOR

+

2.41%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Electric

(continued)

NextEra

Energy

Capital

Holdings

Inc  

(continued)

5.65%,

05/01/2079

(h)

$

800‌

$

866‌

3

Month

USD

LIBOR

+

3.16%

PPL

Capital

Funding

Inc

4.04%,

03/30/2067

15,700‌

12,137‌

3

Month

USD

LIBOR

+

2.67%

Southern

Co/The

5.50%,

03/15/2057

(h)

12,850‌

13,029‌

3

Month

USD

LIBOR

+

3.63%

$

299,914‌

Food

-

0.11%

Dairy

Farmers

of

America

Inc

7.13%,

12/31/2049

(f),(g)

8,700‌

7,471‌

Gas

-

0.72%

NiSource

Inc

5.65%,

12/31/2049

(f),(h)

48,700‌

46,265‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.84%

Hand

&

Machine

Tools

-

0.20%

Stanley

Black

&

Decker

Inc

4.00%,

03/15/2060

(h)

12,900‌

12,789‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.66%

Insurance

-

20.30%

ACE

Capital

Trust

II

9.70%,

04/01/2030

15,505‌

22,056‌

AIG

Life

Holdings

Inc

8.50%,

07/01/2030

31,200‌

40,800‌

Allstate

Corp/The

5.75%,

08/15/2053

(h)

11,754‌

11,930‌

3

Month

USD

LIBOR

+

2.94%

6.50%,

05/15/2067

(h)

11,905‌

13,878‌

3

Month

USD

LIBOR

+

2.12%

American

International

Group

Inc

5.75%,

04/01/2048

(h)

46,701‌

47,406‌

3

Month

USD

LIBOR

+

2.87%

8.18%,

05/15/2068

(h)

22,300‌

27,534‌

3

Month

USD

LIBOR

+

4.20%

Aon

Corp

8.21%,

01/01/2027

4,750‌

5,557‌

Argentum

Netherlands

BV

for

Swiss

Re

Ltd

5.63%,

08/15/2052

(h)

54,000‌

57,502‌

3

Month

USD

LIBOR

+

3.78%

5.75%,

08/15/2050

(h)

34,400‌

36,723‌

3

Month

USD

LIBOR

+

3.59%

Argentum

Netherlands

BV

for

Zurich

Insurance

Co

Ltd

5.13%,

06/01/2048

(h)

6,290‌

6,712‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.27%

AXA

SA

6.38%,

12/31/2049

(f),(g),(h)

27,793‌

35,019‌

3

Month

USD

LIBOR

+

2.26%

8.60%,

12/15/2030

12,797‌

18,126‌

Cloverie

PLC

for

Swiss

Re

Corporate

Solutions

Ltd

4.50%,

09/11/2044

(h)

20,000‌

20,187‌

USD

Swap

Semi-Annual

10

Year

+

2.91%

Cloverie

PLC

for

Zurich

Insurance

Co

Ltd

5.63%,

06/24/2046

(h)

5,000‌

5,567‌

3

Month

USD

LIBOR

+

4.92%

Dai-ichi

Life

Insurance

Co

Ltd/The

7.25%,

12/31/2049

(f),(g),(h)

13,250‌

13,913‌

3

Month

USD

LIBOR

+

4.56%

Everest

Reinsurance

Holdings

Inc

2.78%,

05/01/2067

27,820‌

20,935‌

3

Month

USD

LIBOR

+

2.39%

Schedule

of

Investments

Spectrum

Preferred

and

Capital

Securities

Income

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

133

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Insurance

(continued)

Hartford

Financial

Services

Group

Inc/The

2.52%,

02/12/2067

(g)

$

5,685‌

$

4,505‌

3

Month

USD

LIBOR

+

2.13%

Legal

&

General

Group

PLC

5.25%,

03/21/2047

(h)

37,104‌

38,662‌

USD

Swap

Semi-Annual

5

Year

+

3.69%

Liberty

Mutual

Group

Inc

7.80%,

03/07/2087

(g)

76,240‌

88,394‌

3

Month

USD

LIBOR

+

3.58%

Liberty

Mutual

Insurance

Co

7.70%,

10/15/2097

(g)

20,025‌

29,466‌

Lincoln

National

Corp

2.74%,

05/17/2066

5,416‌

3,683‌

3

Month

USD

LIBOR

+

2.36%

3.18%,

04/20/2067

60,769‌

40,964‌

3

Month

USD

LIBOR

+

2.04%

M&G

PLC

6.50%,

10/20/2048

(h)

16,188‌

18,191‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.41%

Meiji

Yasuda

Life

Insurance

Co

5.10%,

04/26/2048

(g),(h)

4,600‌

5,152‌

USD

Swap

Rate

NY

5

Year

+

3.15%

5.20%,

10/20/2045

(g),(h)

9,545‌

10,817‌

USD

Swap

Semi-Annual

5

Year

+

4.23%

MetLife

Capital

Trust

IV

7.88%,

12/15/2067

(g)

24,540‌

31,043‌

MetLife

Inc

6.40%,

12/15/2066

20,770‌

24,071‌

3

Month

USD

LIBOR

+

2.21%

9.25%,

04/08/2068

(g)

51,775‌

71,708‌

3

Month

USD

LIBOR

+

5.54%

10.75%,

08/01/2069

50,439‌

76,919‌

3

Month

USD

LIBOR

+

7.55%

Mitsui

Sumitomo

Insurance

Co

Ltd

4.95%,

12/31/2049

(f),(h)

520‌

580‌

USD

Swap

Semi-Annual

5

Year

+

3.26%

4.95%,

12/31/2099

(f),(g),(h)

4,300‌

4,795‌

USD

Swap

Semi-Annual

5

Year

+

3.26%

7.00%,

03/15/2072

(g),(h)

10,700‌

11,556‌

3

Month

USD

LIBOR

+

5.90%

MMI

Capital

Trust

I

7.63%,

12/15/2027

1,073‌

1,320‌

Nationwide

Financial

Services

Inc

6.75%,

05/15/2087

79,015‌

89,149‌

Nippon

Life

Insurance

Co

4.70%,

01/20/2046

(g),(h)

5,000‌

5,488‌

USD

Swap

Rate

NY

5

Year

+

3.75%

5.10%,

10/16/2044

(g),(h)

26,700‌

29,370‌

USD

Swap

Rate

NY

5

Year

+

3.65%

Progressive

Corp/The

5.38%,

12/31/2049

(f),(h)

4,750‌

4,579‌

3

Month

USD

LIBOR

+

2.54%

Prudential

Financial

Inc

5.20%,

03/15/2044

(h)

3,945‌

3,979‌

3

Month

USD

LIBOR

+

3.04%

5.63%,

06/15/2043

(h)

79,130‌

81,926‌

3

Month

USD

LIBOR

+

3.92%

5.88%,

09/15/2042

(h)

45,255‌

47,590‌

3

Month

USD

LIBOR

+

4.18%

QBE

Capital

Funding

III

Ltd

7.25%,

05/24/2041

(g),(h)

5,000‌

5,168‌

USD

Swap

Semi-Annual

10

Year

+

4.05%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Insurance

(continued)

QBE

Insurance

Group

Ltd

5.88%,

06/17/2046

(h)

$

3,100‌

$

3,238‌

USD

Swap

Rate

NY

10

Year

+

4.40%

5.88%,

12/31/2049

(f),(g),(h)

17,200‌

17,604‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.51%

6.75%,

12/02/2044

(h)

1,533‌

1,679‌

USD

Swap

Semi-Annual

10

Year

+

4.30%

Sompo

Japan

Insurance

Inc

5.33%,

03/28/2073

(g),(h)

60,300‌

64,823‌

3

Month

USD

LIBOR

+

4.27%

Sumitomo

Life

Insurance

Co

6.50%,

09/20/2073

(g),(h)

15,500‌

17,515‌

3

Month

USD

LIBOR

+

4.44%

Voya

Financial

Inc

4.70%,

01/23/2048

(h)

4,500‌

4,095‌

3

Month

USD

LIBOR

+

2.08%

5.65%,

05/15/2053

(h)

77,926‌

77,264‌

3

Month

USD

LIBOR

+

3.58%

6.13%,

12/31/2049

(f),(h)

10,678‌

10,571‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.36%

$

1,309,709‌

Pipelines

-

2.81%

Enbridge

Inc

6.00%,

01/15/2077

(h)

27,975‌

27,047‌

3

Month

USD

LIBOR

+

3.89%

6.25%,

03/01/2078

(h)

39,048‌

37,486‌

3

Month

USD

LIBOR

+

3.64%

Enterprise

Products

Operating

LLC

5.25%,

08/16/2077

(h)

48,200‌

43,429‌

3

Month

USD

LIBOR

+

3.03%

5.38%,

02/15/2078

(h)

5,000‌

4,482‌

3

Month

USD

LIBOR

+

2.57%

Transcanada

Trust

5.50%,

09/15/2079

(h)

39,340‌

38,364‌

3

Month

USD

LIBOR

+

4.15%

5.87%,

08/15/2076

(h)

30,081‌

30,329‌

3

Month

USD

LIBOR

+

4.64%

$

181,137‌

Sovereign

-

0.30%

CoBank

ACB

6.25%,

12/31/2049

(f),(h)

16,400‌

16,482‌

3

Month

USD

LIBOR

+

4.66%

Farm

Credit

Bank

of

Texas

6.20%,

12/31/2049

(f),(g),(h)

3,000‌

2,835‌

3

Month

USD

LIBOR

+

3.22%

$

19,317‌

Telecommunications

-

0.35%

Koninklijke

KPN

NV

7.00%,

03/28/2073

(a),(g),(h)

13,126‌

13,881‌

USD

Swap

Semi-Annual

10

Year

+

5.21%

7.00%,

03/28/2073

(h)

8,000‌

8,460‌

USD

Swap

Semi-Annual

10

Year

+

5.21%

$

22,341‌

Transportation

-

0.56%

BNSF

Funding

Trust

I

6.61%,

12/15/2055

(h)

35,709‌

36,186‌

3

Month

USD

LIBOR

+

2.35%

TOTAL

BONDS

$

5,280,518‌

Schedule

of

Investments

Spectrum

Preferred

and

Capital

Securities

Income

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

134

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

-

0.73%

Principal

Amount

(000's)

Value

(000's)

U.S.

Treasury

-

0.73%

0.25%,

04/15/2023

$

35,000‌

$

35,067‌

0.38%,

03/31/2022

12,000‌

12,046‌

$

47,113‌

TOTAL

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

$

47,113‌

TOTAL

PURCHASED

OPTIONS

-

0.00%

$

98‌

Total

Investments

$

6,459,335‌

Other

Assets

and

Liabilities

-  (0.12)%

(7,909‌)

TOTAL

NET

ASSETS

-

100.00%

$

6,451,426‌

(a)

Security

or

a

portion

of

the

security

was

on

loan

at

the

end

of

the

period.

(b)

Current

yield

shown

is

as

of

period

end.

(c)

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

$20,408

or

0.32%

of

net

assets.

(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)

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.

(g)

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

$1,427,865

or

22.13%

of

net

assets.

(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.

(i)

Security

purchased

on

a

when-issued

basis.

Portfolio

Summary  (unaudited)

Sector

Percent

Financial

79.89‌%

Utilities

8.11‌%

Money

Market

Funds

3.14‌%

Energy

2.81‌%

Government

2.08‌%

Communications

1.83‌%

Industrial

1.10‌%

Investment

Companies

0.71‌%

Consumer,

Non-cyclical

0.45‌%

Purchased

Options

0.00‌%

Other

Assets

and

Liabilities

(0.12‌)%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

August

31,

2019

Purchases

Sales

May

31,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

98,550‌

$

1,858,526‌

$

1,759,199‌

$

197,877‌

$

98,550‌

$

1,858,526‌

$

1,759,199‌

$

197,877‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

1,670‌

$

—‌

$

—‌

$

—‌

$

1,670‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Options

Purchased

Options

Outstanding

Counterparty

Contracts/

Shares

Notional

Amount

Exercise

Price

Expiration

Date

Upfront

Payments/

(Premiums)

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Put

-

US

Long

Bond

Future;

September

2020

N/A

300‌

$

300‌

$

176.50‌

06/08/2020

$

113‌

$

98‌

$

(15‌)

Total

$

113‌

$

98‌

$

(15‌)

Amounts

in

thousands

except

contracts/shares.

Futures

Contracts

Description

and

Expiration

Date

Type

Contracts

Notional

Amount

Value

and

Unrealized

Appreciation/(Depreciation)

US

Long

Bond;

September

2020

Long

300‌

$

53,513‌

$

313‌

Total

$

313‌

Amounts

in

thousands

except

contracts.

Schedule

of

Investments

SystematEx

International

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

135

INVESTMENT

COMPANIES

-

3.69%

Shares

Held

Value

(000's)

Money

Market

Funds

-

3.69%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.10%

(a),(b)

2,137,057‌

$

2,137‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(c),(d)

5,498,884‌

5,499‌

$

7,636‌

TOTAL

INVESTMENT

COMPANIES

$

7,636‌

COMMON

STOCKS

-

95.10%

Shares

Held

Value

(000's)

Apparel

-

1.93%

Adidas

AG

(d)

4,143‌

1,099‌

boohoo

Group

PLC

(d)

176,099‌

847‌

LVMH

Moet

Hennessy

Louis

Vuitton

SE

4,858‌

2,038‌

$

3,984‌

Automobile

Manufacturers

-

3.59%

Ferrari

NV

9,627‌

1,637‌

Honda

Motor

Co

Ltd

37,000‌

964‌

Toyota

Motor

Corp

63,900‌

4,027‌

Volvo

AB

-

B

Shares

55,454‌

791‌

$

7,419‌

Automobile

Parts

&

Equipment

-

0.67%

Toyota

Industries

Corp

27,100‌

1,392‌

Banks

-

6.34%

Bank

Leumi

Le-Israel

BM

27,219‌

145‌

Canadian

Imperial

Bank

of

Commerce

15,100‌

968‌

Credicorp

Ltd

9,416‌

1,298‌

DBS

Group

Holdings

Ltd

123,400‌

1,707‌

DNB

ASA

(d)

105,664‌

1,442‌

Erste

Group

Bank

AG

(d)

31,333‌

693‌

Grupo

Financiero

Banorte

SAB

de

CV

217,600‌

663‌

HDFC

Bank

Ltd

ADR

16,523‌

691‌

ICICI

Bank

Ltd

ADR

54,673‌

476‌

Israel

Discount

Bank

Ltd

74,908‌

238‌

Mediobanca

Banca

di

Credito

Finanziario

SpA

154,191‌

1,014‌

PT

Bank

Central

Asia

Tbk

643,100‌

1,144‌

Toronto-Dominion

Bank/The

44,500‌

1,906‌

United

Overseas

Bank

Ltd

52,100‌

722‌

$

13,107‌

Beverages

-

0.65%

Carlsberg

A/S

10,340‌

1,340‌

Biotechnology

-

1.27%

CSL

Ltd

14,215‌

2,633‌

Building

Materials

-

1.68%

Anhui

Conch

Cement

Co

Ltd

75,700‌

604‌

China

Lesso

Group

Holdings

Ltd

296,000‌

360‌

Cie

de

Saint-Gobain

21,403‌

701‌

CRH

PLC

43,910‌

1,414‌

HeidelbergCement

AG

7,720‌

386‌

$

3,465‌

Chemicals

-

2.11%

BASF

SE

18,153‌

988‌

Evonik

Industries

AG

27,897‌

689‌

ICL

Group

Ltd

210,786‌

735‌

Koninklijke

DSM

NV

10,392‌

1,329‌

Nutrien

Ltd

18,000‌

615‌

$

4,356‌

Commercial

Services

-

1.70%

Adecco

Group

AG

13,644‌

656‌

Adyen

NV

(d),(e)

861‌

1,129‌

Aggreko

PLC

36,096‌

212‌

Dai

Nippon

Printing

Co

Ltd

28,600‌

652‌

New

Oriental

Education

&

Technology

Group

Inc

ADR

(d)

7,122‌

854‌

$

3,503‌

Computers

-

2.50%

Capgemini

SE

10,106‌

1,044‌

Logitech

International

SA

37,461‌

2,226‌

Nomura

Research

Institute

Ltd

33,700‌

894‌

Obic

Co

Ltd

5,800‌

1,007‌

$

5,171‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Cosmetics

&

Personal

Care

-

0.46%

Unilever

NV

18,406‌

$

951‌

Distribution

&

Wholesale

-

2.11%

Ferguson

PLC

22,835‌

1,801‌

ITOCHU

Corp

88,700‌

1,907‌

Mitsubishi

Corp

27,900‌

652‌

$

4,360‌

Diversified

Financial

Services

-

1.49%

London

Stock

Exchange

Group

PLC

8,128‌

811‌

ORIX

Corp

145,600‌

1,927‌

Tisco

Financial

Group

PCL

146,300‌

346‌

$

3,084‌

Electric

-

2.51%

Enel

SpA

305,879‌

2,365‌

Iberdrola

SA

217,769‌

2,358‌

Northland

Power

Inc

20,000‌

462‌

$

5,185‌

Electronics

-

1.69%

Halma

PLC

31,990‌

928‌

Hoya

Corp

27,300‌

2,569‌

$

3,497‌

Energy

-

Alternate

Sources

-

0.76%

Vestas

Wind

Systems

A/S

15,417‌

1,575‌

Food

-

3.54%

Koninklijke

Ahold

Delhaize

NV

30,494‌

773‌

Nestle

SA

52,901‌

5,744‌

Seven

&

i

Holdings

Co

Ltd

23,200‌

796‌

$

7,313‌

Forest

Products

&

Paper

-

0.54%

Mondi

PLC

58,910‌

1,108‌

Hand

&

Machine

Tools

-

1.32%

Amada

Co

Ltd

77,100‌

689‌

Techtronic

Industries

Co

Ltd

234,500‌

2,046‌

$

2,735‌

Healthcare

-

Products

-

1.88%

Ambu

A/S

14,067‌

475‌

Carl

Zeiss

Meditec

AG

(d)

4,215‌

431‌

GN

Store

Nord

A/S

8,120‌

442‌

Koninklijke

Philips

NV

(d)

36,004‌

1,637‌

Sartorius

Stedim

Biotech

(d)

3,325‌

905‌

$

3,890‌

Healthcare

-

Services

-

1.98%

ICON

PLC

(d)

10,304‌

1,736‌

Lonza

Group

AG

4,788‌

2,364‌

$

4,100‌

Holding

Companies

-

Diversified

-

0.21%

Swire

Pacific

Ltd

81,000‌

426‌

Home

Builders

-

1.11%

Persimmon

PLC

47,193‌

1,346‌

Taylor

Wimpey

PLC

529,792‌

949‌

$

2,295‌

Home

Furnishings

-

1.66%

Howden

Joinery

Group

PLC

134,712‌

988‌

Sony

Corp

37,700‌

2,442‌

$

3,430‌

Insurance

-

6.41%

AIA

Group

Ltd

195,600‌

1,605‌

ASR

Nederland

NV

23,351‌

642‌

AXA

SA

71,760‌

1,317‌

Fairfax

Financial

Holdings

Ltd

2,400‌

667‌

Hannover

Rueck

SE

9,620‌

1,554‌

Legal

&

General

Group

PLC

710,647‌

1,754‌

NN

Group

NV

23,921‌

734‌

PICC

Property

&

Casualty

Co

Ltd

596,000‌

521‌

Prudential

PLC

99,220‌

1,287‌

Sompo

Holdings

Inc

26,400‌

942‌

Tokio

Marine

Holdings

Inc

40,700‌

1,766‌

Schedule

of

Investments

SystematEx

International

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

136

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Insurance

(continued)

Unipol

Gruppo

SpA

(d)

132,121‌

$

466‌

$

13,255‌

Internet

-

6.46%

Alibaba

Group

Holding

Ltd

ADR

(d)

25,640‌

5,317‌

MercadoLibre

Inc

(d)

703‌

599‌

Shopify

Inc

(d)

1,541‌

1,168‌

Tencent

Holdings

Ltd

94,200‌

5,102‌

Vipshop

Holdings

Ltd

ADR

(d)

67,948‌

1,178‌

$

13,364‌

Investment

Companies

-

0.36%

Kinnevik

AB

29,346‌

744‌

Machinery

-

Construction

&

Mining

-

0.59%

Komatsu

Ltd

60,400‌

1,221‌

Machinery

-

Diversified

-

1.40%

Keyence

Corp

4,200‌

1,730‌

Miura

Co

Ltd

10,600‌

456‌

Valmet

Oyj

27,029‌

707‌

$

2,893‌

Metal

Fabrication

&

Hardware

-

1.10%

NSK

Ltd

65,000‌

478‌

SKF

AB

97,486‌

1,802‌

$

2,280‌

Mining

-

2.58%

Franco-Nevada

Corp

11,422‌

1,606‌

MMC

Norilsk

Nickel

PJSC

ADR

39,663‌

1,261‌

Rio

Tinto

Ltd

39,391‌

2,460‌

$

5,327‌

Miscellaneous

Manufacturers

-

1.54%

JSR

Corp

38,700‌

763‌

Siemens

AG

16,256‌

1,792‌

Trelleborg

AB

(d)

45,462‌

622‌

$

3,177‌

Oil

&

Gas

-

2.65%

LUKOIL

PJSC

ADR

14,994‌

1,127‌

Neste

Oyj

69,251‌

2,822‌

Parkland

Corp/Canada

18,400‌

517‌

Suncor

Energy

Inc

59,300‌

1,019‌

$

5,485‌

Pharmaceuticals

-

6.93%

Galapagos

NV

(d)

3,117‌

632‌

Merck

KGaA

10,940‌

1,261‌

Novartis

AG

43,241‌

3,764‌

Novo

Nordisk

A/S

41,247‌

2,702‌

Roche

Holding

AG

17,194‌

5,969‌

$

14,328‌

Pipelines

-

1.70%

Pembina

Pipeline

Corp

70,700‌

1,766‌

TC

Energy

Corp

38,600‌

1,740‌

$

3,506‌

Private

Equity

-

3.09%

3i

Group

PLC

233,152‌

2,386‌

Brookfield

Asset

Management

Inc

103,000‌

3,234‌

Intermediate

Capital

Group

PLC

49,025‌

771‌

$

6,391‌

Real

Estate

-

1.81%

CK

Asset

Holdings

Ltd

161,000‌

884‌

PSP

Swiss

Property

AG

4,348‌

495‌

Sun

Hung

Kai

Properties

Ltd

60,000‌

703‌

Tokyo

Tatemono

Co

Ltd

37,400‌

483‌

Vonovia

SE

20,547‌

1,182‌

$

3,747‌

Retail

-

4.61%

Alimentation

Couche-Tard

Inc

96,000‌

3,005‌

ANTA

Sports

Products

Ltd

85,000‌

762‌

Hennes

&

Mauritz

AB

(f)

41,899‌

637‌

Home

Product

Center

PCL

1,219,600‌

550‌

JD

Sports

Fashion

PLC

109,304‌

896‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Retail

(continued)

Li

Ning

Co

Ltd

277,500‌

$

940‌

Pan

Pacific

International

Holdings

Corp

66,300‌

1,337‌

Wal-Mart

de

Mexico

SAB

de

CV

562,500‌

1,408‌

$

9,535‌

Semiconductors

-

2.57%

ASML

Holding

NV

11,122‌

3,643‌

NXP

Semiconductors

NV

17,450‌

1,677‌

$

5,320‌

Software

-

1.33%

Capcom

Co

Ltd

24,300‌

860‌

Dassault

Systemes

SE

7,491‌

1,279‌

Nemetschek

SE

7,655‌

608‌

$

2,747‌

Telecommunications

-

4.18%

Deutsche

Telekom

AG

86,225‌

1,353‌

Nice

Ltd

ADR

(d)

8,430‌

1,569‌

Nippon

Telegraph

&

Telephone

Corp

110,300‌

2,511‌

Orange

SA

62,119‌

747‌

SoftBank

Group

Corp

54,000‌

2,466‌

$

8,646‌

Toys,

Games

&

Hobbies

-

1.04%

Nintendo

Co

Ltd

5,300‌

2,155‌

Transportation

-

1.05%

Canadian

National

Railway

Co

25,200‌

2,171‌

TOTAL

COMMON

STOCKS

$

196,611‌

Total

Investments

$

204,247‌

Other

Assets

and

Liabilities

-  1.21%

2,495‌

TOTAL

NET

ASSETS

-

100.00%

$

206,742‌

(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

$2,137

or

1.03%

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

$1,129

or

0.55%

of

net

assets.

(f)

Security

or

a

portion

of

the

security

was

on

loan

at

the

end

of

the

period.

Schedule

of

Investments

SystematEx

International

Fund

May

31,

2020

(unaudited)

See

accompanying

notes.

137

Portfolio

Summary  (unaudited)

Location

Percent

Japan

17.95‌%

Switzerland

10.27‌%

Canada

10.08‌%

United

Kingdom

9.42‌%

China

7.56‌%

Netherlands

5.58‌%

Germany

5.48‌%

France

3.89‌%

United

States

3.69‌%

Denmark

3.16‌%

Hong

Kong

2.75‌%

Italy

2.66‌%

Sweden

2.22‌%

Finland

1.70‌%

Ireland

1.52‌%

Israel

1.30‌%

Australia

1.27‌%

Singapore

1.18‌%

Russian

Federation

1.16‌%

Spain

1.14‌%

Mexico

1.00‌%

Norway

0.70‌%

Peru

0.63‌%

India

0.56‌%

Indonesia

0.55‌%

Thailand

0.44‌%

Austria

0.34‌%

Belgium

0.30‌%

Argentina

0.29‌%

Other

Assets

and

Liabilities

1.21‌%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

August

31,

2019

Purchases

Sales

May

31,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

386‌

$

199,515‌

$

194,402‌

$

5,499‌

$

386‌

$

199,515‌

$

194,402‌

$

5,499‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

22‌

$

—‌

$

—‌

$

—‌

$

22‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Glossary

to

the

Schedule

of

Investments

May

31,

2020

(unaudited)

See

accompanying

notes.

138

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

DKK

Danish

Krone

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

RUB

Russian

Ruble

SEK

Swedish

Krona

THB

Thai

Baht

TRY

Turkish

Lira

USD/$

United

States

Dollar

ZAR

South

African

Rand

May

31,

2020

(unaudited)

139

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.

Investments

which

are

generally

included

in

this

category

include

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.

May

31,

2020

(unaudited)

140

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*

$

6,434,205

$

—

$

—

$

6,434,205

Investment

Companies

110,896

—

—

110,896

Total

investments

in

securities

$

6,545,101

$

—

$

—

$

6,545,101

Bond

Market

Index

Fund

Bonds*

—

775,616

—

775,616

Investment

Companies

126,629

—

—

126,629

Municipal

Bonds*

—

15,209

—

15,209

U.S.

Government

&

Government

Agency

Obligations*

—

1,541,747

—

1,541,747

Total

investments

in

securities

$

126,629

$

2,332,572

$

—

$

2,459,201

May

31,

2020

(unaudited)

141

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*

$

—

$

682,297

$

—

$

682,297

Convertible

Preferred

Stocks

Industrial

2,613

—

—

2,613

Investment

Companies

24,669

—

—

24,669

Preferred

Stocks

Communications

2,848

—

—

2,848

Energy

3,843

—

—

3,843

Financial

13,908

—

—

13,908

Government

—

6,657

—

6,657

Utilities

1,057

—

—

1,057

U.S.

Government

&

Government

Agency

Obligations*

—

4,512

—

4,512

Total

investments

in

securities

$

48,938

$

693,466

$

—

$

742,404

Diversified

Real

Asset

Fund

Bonds*

—

402,934

—

402,934

Commodity

Indexed

Structured

Notes*

—

13,954

—

13,954

Common

Stocks

Basic

Materials

133,675

116,838

—

250,513

Communications

3,101

1,298

2

4,401

Consumer,

Cyclical

9,413

8,278

33

17,724

Consumer,

Non-cyclical

39,941

61,210

42

101,193

Energy

212,332

65,552

—

277,884

Financial

210,265

107,568

—

317,833

Industrial

92,895

98,300

—

191,195

Technology

1,144

—

—

1,144

Utilities

224,370

256,976

—

481,346

Investment

Companies

50,559

—

—

50,559

Preferred

Stocks

3,765

—

—

3,765

Senior

Floating

Rate

Interests*

—

496,105

—

496,105

U.S.

Government

&

Government

Agency

Obligations*

—

542,603

—

542,603

Purchased

Options

81

66

—

147

Purchased

Interest

Rate

Swaptions

—

2,851

—

2,851

Purchased

Capped

Options

—

140

—

140

Total

investments

in

securities

$

981,541

$

2,174,673

$

77

$

3,156,291

Assets

Commodity

Contracts

Futures**

6,812

—

—

6,812

Total

Return

Swaps

—

44

5

—

44

5

Foreign

Exchange

Contracts

Foreign

Currency

Contracts

—

540

—

540

Interest

Rate

Contracts

Exchange

Cleared

Interest

Rate

Swaps**

—

9,374

—

9,374

Futures**

378

—

—

378

Liabilities

Commodity

Contracts

Futures**

(9,410)

—

—

(

9,410

)

Foreign

Exchange

Contracts

Foreign

Currency

Contracts

—

(680)

—

(680)

Interest

Rate

Contracts

Capped

Options

—

(80)

—

(80)

Exchange

Cleared

Interest

Rate

Swaps**

—

(10,171)

—

(10,171)

Futures**

(223)

—

—

(223)

Interest

Rate

Swaptions

—

(4,685)

—

(4,685)

Written

Options

(107)

—

—

(107)

Edge

MidCap

Fund

Common

Stocks

Basic

Materials

17,904

—

—

17,904

Communications

13,467

11,925

—

25,392

Consumer,

Cyclical

72,831

—

—

72,831

Consumer,

Non-cyclical

103,051

—

—

103,051

Energy

18,498

—

—

18,498

Financial

124,139

—

—

124,139

Industrial

137,640

—

—

137,640

Technology

115,790

—

—

115,790

May

31,

2020

(unaudited)

142

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

$

43,862

$

—

$

—

$

43,862

Investment

Companies

18,048

—

—

18,048

Total

investments

in

securities

$

665,230

$

11,925

$

—

$

677,155

Global

Multi-Strategy

Fund

Bonds*

—

297,224

230

297,454

Common

Stocks

Basic

Materials

9,013

7,320

—

16,333

Communications

28,713

7,246

212

36,171

Consumer,

Cyclical

31,224

11,666

27

42,917

Consumer,

Non-cyclical

59,180

13,165

447

72,792

Diversified

3

89

—

92

Energy

7,963

1,321

31

9,315

Financial

36,922

10,393

446

47,761

Industrial

32,505

12,055

—

44,560

Technology

37,398

5,979

337

43,714

Utilities

5,637

4,798

—

10,435

Convertible

Bonds*

—

2,931

—

2,931

Convertible

Preferred

Stocks

Communications

—

—

119

119

Consumer,

Cyclical

—

—

63

63

Consumer,

Non-cyclical

638

—

—

638

Energy

24

—

—

24

Financial

52

—

—

52

Industrial

38

—

—

38

Utilities

68

—

—

68

Investment

Companies

1

0

2,165

—

—

10

2,165

Municipal

Bonds*

—

524

—

524

Preferred

Stocks

Basic

Materials

—

100

—

100

Communications

—

—

3

3

Consumer,

Cyclical

—

185

—

185

Energy

—

—

2,606

2,606

Financial

—

—

311

311

Technology

—

—

124

124

Repurchase

Agreements*

—

257,500

—

257,500

Senior

Floating

Rate

Interests*

—

10,893

—

10,893

U.S.

Government

&

Government

Agency

Obligations*

—

422,969

—

422,969

Purchased

Options

585

376

—

961

Purchased

Interest

Rate

Swaptions

—

417

—

417

Total

investments

in

securities

$

352,128

$

1,067,151

$

4,956

$

1,424,235

Short

Sales

Bonds

—

(4,883)

—

(4,883)

Common

Stocks

Basic

Materials

(4,326)

(3,559)

—

(7,885)

Communications

(7,763)

(2,274)

—

(10,037)

Consumer,

Cyclical

(11,915)

(4,930)

—

(16,845)

Consumer,

Non-cyclical

(17,275)

(5,901)

—

(23,176)

Diversified

—

(80)

—

(80)

Energy

(6,402)

(699)

—

(7,101)

Financial

(11,498)

(5,472)

—

(16,970)

Industrial

(14,450)

(7,757)

—

(22,207)

Technology

(11,411)

(2,563)

—

(13,974)

Utilities

(7,092)

(1,749)

—

(8,841)

Preferred

Stocks

Consumer,

Non-cyclical

—

(200)

—

(200)

U.S.

Government

&

Government

Agency

Obligations

—

(275,734)

—

(275,734)

Total

Short

Sales

$

(92,132)

$

(315,801)

$

—

$

(407,933)

Reverse

Repurchase

Agreements

—

(380,667)

—

(380,667)

Assets

Credit

Contracts

Credit

Default

Swaps

—

1,139

—

1,139

Exchange

Cleared

Credit

Default

Swaps**

—

737

—

737

Commodity

Contracts

Futures**

962

—

—

962

May

31,

2020

(unaudited)

143

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

Equity

Contracts

Futures**

$

1,03

7

$

—

$

—

$

1,03

7

Total

Return

Equity

Basket

Swaps

—

4,05

0

—

4,05

0

Foreign

Exchange

Contracts

Foreign

Currency

Contracts

—

8,796

—

8,796

Interest

Rate

Contracts

Exchange

Cleared

Interest

Rate

Swaps**

—

3,515

—

3,515

Futures**

604

—

—

604

Interest

Rate

Swaps

—

153

—

153

Liabilities

Credit

Contracts

Credit

Default

Swaps

—

(610)

—

(610)

Commodity

Contracts

Futures**

(

872

)

—

—

(

872

)

Equity

Contracts

Futures**

(9,416)

—

—

(9,416)

Written

Options

(204)

—

—

(204)

Total

Return

Equity

Basket

Swaps

—

(2,195)

—

(2,195)

Foreign

Exchange

Contracts

Futures**

(2)

—

—

(

2

)

Foreign

Currency

Contracts

—

(9,894)

—

(9,894)

Written

Options

—

(418)

—

(418)

Interest

Rate

Contracts

Exchange

Cleared

Interest

Rate

Swaps**

—

(7,327)

—

(7,327)

Futures**

(553)

—

—

(553)

Interest

Rate

Swaps

—

(173)

—

(173)

Interest

Rate

Swaptions

—

(26)

—

(26)

Written

Options

(36)

—

—

(36)

International

Equity

Index

Fund

Common

Stocks

Basic

Materials

—

66,383

—

66,383

Communications

924

62,717

—

63,641

Consumer,

Cyclical

285

126,825

—

127,110

Consumer,

Non-cyclical

2,260

304,827

—

307,087

Diversified

—

2,394

—

2,394

Energy

—

38,620

—

38,620

Financial

345

193,580

—

193,925

Industrial

—

135,798

—

135,798

Technology

1,356

53,028

—

54,384

Utilities

—

41,038

—

41,038

Investment

Companies

26,301

—

—

26,301

Preferred

Stocks

Basic

Materials

—

226

—

226

Consumer,

Cyclical

—

3,129

—

3,129

Consumer,

Non-cyclical

—

1,294

—

1,294

Industrial

—

1,077

—

1,077

Total

investments

in

securities

$

31,471

$

1,030,936

$

—

$

1,062,407

Assets

Equity

Contracts

Futures**

343

—

—

343

International

Small

Company

Fund

Common

Stocks

Basic

Materials

21,957

43,290

—

65,247

Communications

—

43,709

—

43,709

Consumer,

Cyclical

4,226

115,506

—

119,732

Consumer,

Non-cyclical

10,713

132,797

—

143,510

Energy

6,429

17,614

—

24,043

Financial

11,209

173,306

—

184,515

Industrial

11,503

134,133

—

145,636

Technology

15,931

66,995

—

82,926

Utilities

10,979

16,350

—

27,329

Investment

Companies

48,772

—

—

48,772

Total

investments

in

securities

$

141,719

$

743,700

$

—

$

885,419

May

31,

2020

(unaudited)

144

Fund

Level

1

-

Quoted

Prices

Level

2

-

Other

Significant

Observable

Inputs

Level

3

-

Significant

Unobservable

Inputs

Totals

(Level

1,2,3)

Opportunistic

Municipal

Fund

Investment

Companies

$

47

$

—

$

—

$

47

Municipal

Bonds*

—

129,469

—

129,469

Total

investments

in

securities

$

47

$

129,469

$

—

$

129,516

Origin

Emerging

Markets

Fund

Common

Stocks

Basic

Materials

49,664

15,165

—

64,829

Communications

129,103

120,000

—

249,103

Consumer,

Cyclical

10,147

61,861

—

72,008

Consumer,

Non-cyclical

28,013

121,282

—

149,295

Energy

—

26,635

—

26,635

Financial

18,020

161,305

—

179,325

Industrial

4,291

181,244

—

185,535

Technology

119,714

178,931

—

298,645

Utilities

—

79,101

—

79,101

Investment

Companies

36,940

—

—

36,940

Preferred

Stocks

3,075

—

—

3,075

Total

investments

in

securities

$

398,967

$

945,524

$

—

$

1,344,491

Small-MidCap

Dividend

Income

Fund

Common

Stocks*

1,575,600

—

—

1,575,600

Investment

Companies

32,899

—

—

32,899

Total

investments

in

securities

$

1,608,499

$

—

$

—

$

1,608,499

Small-MidCap

Growth

Fund

Common

Stocks*

5,949

—

—

5,949

Investment

Companies

67

—

—

67

Total

investments

in

securities

$

6,016

$

—

$

—

$

6,016

Spectrum

Preferred

and

Capital

Securities

Income

Fund

Bonds*

—

5,280,518

—

5,280,518

Convertible

Preferred

Stocks

Financial

37,162

—

—

37,162

Industrial

21,945

—

—

21,945

Investment

Companies

248,474

—

—

248,474

Preferred

Stocks

Communications

95,770

—

—

95,770

Consumer,

Non-cyclical

—

21,698

—

21,698

Financial

446,389

15,787

—

462,176

Government

—

67,770

—

67,770

Utilities

174,473

2,138

—

176,611

U.S.

Government

&

Government

Agency

Obligations*

—

47,113

—

47,113

Purchased

Options

—

98

—

98

Total

investments

in

securities

$

1,024,213

$

5,435,122

$

—

$

6,459,335

Assets

Interest

Rate

Contracts

Futures**

313

—

—

313

SystematEx

International

Fund

Common

Stocks

Basic

Materials

3,482

7,309

—

10,791

Communications

9,831

12,179

—

22,010

Consumer,

Cyclical

4,413

30,157

—

34,570

Consumer,

Non-cyclical

2,590

35,468

—

38,058

Diversified

—

426

—

426

Energy

5,042

5,524

—

10,566

Financial

9,903

30,425

—

40,328

Industrial

2,171

19,268

—

21,439

Technology

1,677

11,561

—

13,238

May

31,

2020

(unaudited)

145

*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

May

31,

2020

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)

SystematEx

International

Fund

Utilities

$

462

$

4,723

$

—

$

5,185

Investment

Companies

7,636

—

—

7,636

Total

investments

in

securities

$

47,207

$

157,040

$

—

$

204,247