Schedule

of

Investments

California

Municipal

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

1

INVESTMENT

COMPANIES

-

0.26%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0.26%

iShares

California

Muni

Bond

ETF

29,578‌

$

1,861‌

TOTAL

INVESTMENT

COMPANIES

$

1,861‌

MUNICIPAL

BONDS

-

99.56%

Principal

Amount

(000's)

Value

(000's)

California

-

97.19%

Abag

Finance

Authority

for

Nonprofit

Corps

5.00%,

08/01/2043

$

1,500‌

$

1,638‌

Alameda

Community

Improvement

Commission

Successor

Agency

(credit

support

from

Build

America

Mutual

Assurance

Corp

)

5.00%,

09/01/2031

(a)

1,000‌

1,130‌

Alameda

Corridor

Transportation

Authority

5.00%,

10/01/2034

6,805‌

8,083‌

5.00%,

10/01/2036

6,250‌

7,402‌

Alameda

Unified

School

District-Alameda

County/CA

5.00%,

08/01/2032

1,795‌

2,117‌

Anaheim

Housing

&

Public

Improvements

Authority

5.00%,

10/01/2050

1,000‌

1,173‌

California

Educational

Facilities

Authority

5.00%,

10/01/2036

1,000‌

1,177‌

5.00%,

10/01/2045

1,000‌

1,173‌

California

Health

Facilities

Financing

Authority

4.00%,

06/01/2050

5,000‌

5,913‌

5.00%,

08/15/2031

2,700‌

3,291‌

5.00%,

08/15/2033

1,750‌

2,081‌

5.00%,

08/15/2034

2,000‌

2,431‌

5.00%,

02/01/2035

2,000‌

2,306‌

5.00%,

11/15/2046

(b)

4,504‌

5,406‌

5.00%,

11/15/2048

2,785‌

3,433‌

California

Health

Facilities

Financing

Authority

(credit

support

from

California

Mortgage

Insurance

)

5.00%,

07/01/2035

(a)

1,000‌

1,149‌

California

Housing

Finance

3.50%,

11/20/2035

9,455‌

11,263‌

4.25%,

01/15/2035

8,736‌

10,822‌

California

Infrastructure

&

Economic

Development

Bank

5.00%,

11/01/2029

5,000‌

6,581‌

5.00%,

08/01/2036

2,250‌

2,903‌

5.00%,

08/01/2037

1,000‌

1,287‌

5.00%,

08/01/2038

1,175‌

1,509‌

5.00%,

08/01/2039

1,130‌

1,448‌

California

Municipal

Finance

Authority

2.40%,

10/01/2044

(c)

4,000‌

4,419‌

4.00%,

07/15/2029

11,000‌

12,911‌

4.00%,

10/01/2039

2,150‌

2,449‌

5.00%,

05/15/2033

1,000‌

1,272‌

5.00%,

05/15/2034

1,000‌

1,270‌

5.00%,

12/31/2034

7,550‌

9,403‌

5.00%,

12/31/2036

3,000‌

3,725‌

5.00%,

05/15/2038

2,000‌

2,525‌

5.00%,

12/31/2038

5,500‌

6,802‌

5.00%,

10/01/2044

1,000‌

1,197‌

5.25%,

11/01/2036

4,000‌

4,748‌

California

Municipal

Finance

Authority

(credit

support

from

Build

America

Mutual

Assurance

Corp

)

4.00%,

05/15/2040

(a)

500‌

609‌

4.00%,

05/15/2046

(a)

1,000‌

1,206‌

5.00%,

05/15/2031

(a)

400‌

541‌

5.00%,

05/15/2043

(a)

600‌

756‌

5.00%,

05/15/2044

(a)

5,000‌

6,289‌

California

Municipal

Finance

Authority

(credit

support

from

Build

America

Mutual

Assurance

Corp

-

Transfer

Custodial

Receipt

)

5.00%,

05/15/2031

(a)

10,000‌

12,796‌

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

California

(continued)

California

Pollution

Control

Financing

Authority

3.00%,

11/01/2025

$

10,500‌

$

11,643‌

3.25%,

12/01/2027

(c)

2,000‌

2,166‌

4.30%,

07/01/2040

3,600‌

4,120‌

5.00%,

07/01/2029

(d)

1,000‌

1,235‌

5.00%,

07/01/2030

(d)

2,000‌

2,148‌

5.00%,

07/01/2037

(d)

10,000‌

10,535‌

5.00%,

07/01/2039

(d)

4,250‌

5,183‌

5.00%,

11/21/2045

(d)

4,500‌

5,419‌

California

Public

Finance

Authority

5.00%,

11/15/2036

(d)

275‌

331‌

5.00%,

11/15/2046

(d)

500‌

587‌

5.00%,

11/15/2051

(d)

250‌

292‌

5.00%,

11/15/2056

(d)

750‌

872‌

California

School

Finance

Authority

5.00%,

07/01/2035

(d)

1,925‌

2,206‌

5.00%,

08/01/2038

(d)

1,000‌

1,218‌

California

State

Public

Works

Board

5.00%,

11/01/2037

1,375‌

1,454‌

5.00%,

10/01/2039

4,500‌

5,117‌

California

State

University

5.00%,

11/01/2037

2,000‌

2,475‌

California

Statewide

Communities

Development

Authority

3.00%,

06/01/2029

(d)

750‌

806‌

4.00%,

02/01/2022

830‌

838‌

4.00%,

09/02/2029

1,000‌

1,149‌

4.00%,

07/01/2048

1,800‌

2,056‌

5.00%,

10/01/2028

1,875‌

2,182‌

5.00%,

11/01/2032

(d)

1,135‌

1,380‌

5.00%,

05/15/2034

5,210‌

6,213‌

5.00%,

06/01/2034

(d)

375‌

465‌

5.00%,

09/02/2034

1,000‌

1,246‌

5.00%,

12/01/2036

(d)

5,000‌

5,713‌

5.00%,

04/01/2038

(c)

10,000‌

13,324‌

5.00%,

09/02/2038

3,000‌

3,641‌

5.00%,

06/01/2039

(d)

475‌

582‌

5.00%,

09/02/2039

745‌

916‌

5.00%,

09/02/2039

900‌

1,105‌

5.00%,

09/02/2039

945‌

1,165‌

5.00%,

05/15/2040

3,840‌

4,536‌

5.00%,

09/02/2040

1,000‌

1,243‌

5.00%,

12/01/2041

(d)

1,100‌

1,247‌

5.00%,

09/02/2044

1,425‌

1,735‌

5.00%,

12/01/2046

(d)

1,620‌

1,827‌

5.00%,

09/02/2048

940‌

1,146‌

5.00%,

09/02/2049

600‌

735‌

5.00%,

06/01/2051

(d)

1,950‌

2,347‌

5.25%,

12/01/2034

3,500‌

3,994‌

5.25%,

12/01/2038

(d)

1,000‌

1,203‌

5.25%,

12/01/2043

(d)

3,825‌

4,561‌

California

Statewide

Financing

Authority

6.00%,

05/01/2043

2,050‌

2,069‌

6.00%,

05/01/2043

1,550‌

1,564‌

Chino

Valley

Unified

School

District

5.25%,

08/01/2047

2,000‌

2,527‌

City

of

Compton

CA

Water

Revenue

6.00%,

08/01/2039

1,250‌

1,254‌

City

of

Irvine

CA

4.00%,

09/02/2038

1,000‌

1,181‌

5.00%,

09/01/2049

2,000‌

2,225‌

City

of

Los

Angeles

CA

Wastewater

System

Revenue

5.00%,

06/01/2034

2,000‌

2,336‌

Schedule

of

Investments

California

Municipal

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

2

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

California

(continued)

City

of

Los

Angeles

Department

of

Airports

5.00%,

05/15/2026

$

1,000‌

$

1,171‌

5.00%,

05/15/2026

3,500‌

4,235‌

5.00%,

05/15/2028

3,175‌

4,040‌

5.00%,

05/15/2031

295‌

319‌

5.00%,

05/15/2035

5,425‌

6,941‌

5.00%,

05/15/2036

1,500‌

1,739‌

5.00%,

05/15/2037

(b)

3,565‌

4,538‌

5.00%,

05/15/2038

1,155‌

1,467‌

5.00%,

05/15/2039

(b)

2,487‌

3,152‌

5.00%,

05/15/2042

(b)

4,058‌

4,825‌

5.00%,

05/15/2044

(b)

6,840‌

8,485‌

5.00%,

05/15/2044

(b)

3,068‌

3,844‌

5.00%,

05/15/2044

(b)

456‌

566‌

5.00%,

05/15/2047

(b)

2,902‌

3,542‌

5.25%,

05/15/2048

(b)

1,658‌

2,079‌

City

of

Oroville

CA

5.25%,

04/01/2049

2,500‌

2,863‌

City

of

Riverside

CA

Sewer

Revenue

5.00%,

08/01/2040

4,000‌

4,668‌

City

of

San

Francisco

CA

Public

Utilities

Commission

Water

Revenue

5.00%,

11/01/2034

1,800‌

2,205‌

5.00%,

11/01/2036

2,010‌

2,034‌

Coachella

Valley

Unified

School

District/

CA

(credit

support

from

Assured

Guaranty

Municipal

Corp

)

0.00%,

08/01/2039

(a),(e)

4,000‌

2,794‌

Compton

Public

Finance

Authority

4.50%,

09/01/2032

(d)

8,000‌

8,621‌

Contra

Costa

County

Schools

Pooled

Notes

2.00%,

12/01/2021

4,500‌

4,525‌

County

of

Sacramento

CA

Airport

System

Revenue

5.00%,

07/01/2036

1,350‌

1,617‌

5.00%,

07/01/2037

2,000‌

2,471‌

CSCDA

Community

Improvement

Authority

3.13%,

08/01/2056

(d)

3,000‌

3,077‌

4.00%,

08/01/2056

(d)

5,450‌

6,087‌

5.00%,

01/01/2054

(d)

5,000‌

5,945‌

Dinuba

Redevelopment

Agency

(credit

support

from

Build

America

Mutual

Assurance

Corp

)

5.00%,

09/01/2033

(a)

2,000‌

2,251‌

East

Bay

Municipal

Utility

District

Water

System

Revenue

3.00%,

06/01/2037

10‌

11‌

Escondido

Union

High

School

District

0.00%,

08/01/2041

(e)

1,000‌

615‌

Foothill-De

Anza

Community

College

District

5.00%,

08/01/2040

1,500‌

1,500‌

Golden

State

Tobacco

Securitization

Corp

5.00%,

06/01/2026

1,000‌

1,211‌

5.00%,

06/01/2028

7,035‌

8,710‌

5.25%,

06/01/2047

7,500‌

7,765‌

5.30%,

06/01/2037

9,100‌

9,447‌

Golden

State

Tobacco

Securitization

Corp

(credit

support

from

State

of

California

Appropriations

)

5.00%,

06/01/2033

(a)

2,000‌

2,347‌

Indio

Redevelopment

Agency

Successor

Agency

5.63%,

08/15/2035

330‌

331‌

Inland

Valley

Development

Agency

5.25%,

09/01/2037

1,000‌

1,109‌

La

Verne

Public

Financing

Authority

7.25%,

09/01/2026

525‌

527‌

Long

Beach

Bond

Finance

Authority

5.00%,

11/15/2035

3,385‌

4,802‌

5.50%,

11/15/2030

1,010‌

1,368‌

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

California

(continued)

Los

Angeles

County

Metropolitan

Transportation

Authority

4.00%,

06/01/2036

$

9,000‌

$

11,177‌

4.00%,

06/01/2036

(f)

5,000‌

6,321‌

Los

Angeles

County

Public

Works

Financing

Authority

5.00%,

12/01/2033

2,000‌

2,380‌

5.00%,

08/01/2042

1,400‌

1,465‌

5.00%,

12/01/2045

(b)

5,500‌

6,451‌

Los

Angeles

County

Sanitation

Districts

Financing

Authority

5.00%,

10/01/2035

4,500‌

5,307‌

Los

Angeles

Unified

School

District/CA

5.00%,

07/01/2035

2,700‌

3,385‌

5.25%,

07/01/2042

8,125‌

10,197‌

Marin

Healthcare

District

5.00%,

08/01/2034

1,000‌

1,175‌

Merced

Union

High

School

District

0.00%,

08/01/2032

(e)

3,380‌

2,790‌

Metropolitan

Water

District

of

Southern

California

5.00%,

10/01/2045

1,410‌

1,831‌

Middle

Fork

Project

Finance

Authority

5.00%,

04/01/2036

3,550‌

4,514‌

Mountain

View

Shoreline

Regional

Park

Community

(credit

support

from

Assured

Guaranty

Municipal

Corp

)

5.00%,

08/01/2048

(a)

3,000‌

3,695‌

Norco

Community

Redevelopment

Agency

Successor

Agency

(credit

support

from

Build

America

Mutual

Assurance

Corp

)

5.00%,

03/01/2032

(a)

1,000‌

1,107‌

Norman

Y

Mineta

San

Jose

International

Airport

SJC

5.00%,

03/01/2041

6,000‌

7,226‌

5.00%,

03/01/2047

1,500‌

1,827‌

Oakland

Unified

School

District/Alameda

County

5.00%,

08/01/2040

3,400‌

3,981‌

Oakland

Unified

School

District/Alameda

County

(credit

support

from

Assured

Guaranty

Municipal

Corp

)

3.00%,

08/01/2040

(a)

2,250‌

2,417‌

4.00%,

08/01/2037

(a)

1,505‌

1,748‌

Pittsburg

Successor

Agency

Redevelopment

Agency

(credit

support

from

Assured

Guaranty

Municipal

Corp

)

5.00%,

09/01/2028

(a)

1,000‌

1,216‌

5.00%,

09/01/2029

(a)

1,000‌

1,215‌

Pittsburg

Unified

School

District

5.00%,

08/01/2043

2,900‌

3,319‌

Pomona

Unified

School

District

(credit

support

from

National

Public

Finance

Guarantee

Corp

)

6.15%,

08/01/2030

(a)

1,000‌

1,030‌

Port

Commission

of

the

City

&

County

of

San

Francisco

4.00%,

03/01/2035

1,000‌

1,062‌

Port

of

Los

Angeles

5.00%,

08/01/2032

1,740‌

1,961‌

Poway

Unified

School

District

0.00%,

08/01/2036

(e)

4,000‌

3,051‌

Regents

of

the

University

of

California

Medical

Center

Pooled

Revenue

5.00%,

05/15/2035

4,540‌

5,446‌

Rialto

Redevelopment

Agency

5.00%,

09/01/2037

1,000‌

1,248‌

Schedule

of

Investments

California

Municipal

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

3

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

California

(continued)

Richmond

Joint

Powers

Financing

Authority

(credit

support

from

Assured

Guaranty

Municipal

Corp

)

5.00%,

11/01/2035

(a)

$

1,180‌

$

1,488‌

5.00%,

11/01/2036

(a)

3,330‌

4,191‌

Ripon

Unified

School

District

(credit

support

from

Build

America

Mutual

Assurance

Corp

)

0.00%,

08/01/2033

(a),(e)

855‌

498‌

Ripon

Unified

School

District

-

Unrefunded

(credit

support

from

Build

America

Mutual

Assurance

Corp

)

0.00%,

08/01/2033

(a),(e)

255‌

149‌

Riverside

Community

Properties

Development

Inc

6.00%,

10/15/2038

1,000‌

1,130‌

Riverside

County

Public

Financing

Authority

(credit

support

from

Build

America

Mutual

Assurance

Corp

)

5.00%,

10/01/2029

(a)

1,500‌

1,764‌

Sacramento

Area

Flood

Control

Agency

5.00%,

10/01/2033

2,000‌

2,435‌

Sacramento

Municipal

Utility

District

5.00%,

08/15/2038

5,025‌

6,709‌

Salinas

Valley

Solid

Waste

Authority

(credit

support

from

Assured

Guaranty

Municipal

Corp

)

5.50%,

08/01/2031

(a)

3,250‌

3,733‌

San

Diego

Association

of

Governments

South

Bay

Expressway

Revenue

5.00%,

07/01/2036

1,500‌

1,846‌

5.00%,

07/01/2037

2,300‌

2,826‌

San

Diego

Convention

Center

Expansion

Financing

Authority

5.00%,

04/15/2025

5,000‌

5,172‌

San

Diego

County

Regional

Airport

Authority

4.00%,

07/01/2037

6,500‌

7,701‌

4.00%,

07/01/2038

2,000‌

2,365‌

4.00%,

07/01/2044

1,000‌

1,159‌

5.00%,

07/01/2042

5,000‌

6,069‌

5.00%,

07/01/2044

2,000‌

2,512‌

5.00%,

07/01/2049

1,500‌

1,866‌

San

Diego

County

Water

Authority

5.00%,

05/01/2031

1,000‌

1,391‌

San

Diego

Public

Facilities

Financing

Authority

4.00%,

08/01/2045

1,000‌

1,211‌

5.00%,

08/01/2030

1,000‌

1,360‌

San

Diego

Unified

School

District/CA

4.00%,

07/01/2038

2,120‌

2,572‌

San

Francisco

Bay

Area

Rapid

Transit

District

4.00%,

08/01/2033

1,500‌

1,868‌

4.00%,

08/01/2045

3,000‌

3,624‌

San

Francisco

Bay

Area

Rapid

Transit

District

Sales

Tax

Revenue

4.00%,

07/01/2036

3,035‌

3,565‌

4.00%,

07/01/2037

2,500‌

2,931‌

San

Francisco

City

&

County

Airport

Comm-San

Francisco

International

Airport

5.00%,

05/01/2031

1,000‌

1,203‌

5.00%,

05/01/2034

1,000‌

1,274‌

5.00%,

05/01/2038

2,500‌

3,219‌

5.00%,

05/01/2042

1,500‌

1,825‌

San

Joaquin

Hills

Transportation

Corridor

Agency

5.00%,

01/15/2034

7,800‌

8,880‌

San

Luis

Obispo

County

Financing

Authority

(credit

support

from

Assured

Guaranty

Municipal

Corp

)

5.00%,

08/01/2030

(a)

1,000‌

1,004‌

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

California

(continued)

San

Luis

Obispo

County

Financing

Authority

(credit

support

from

Build

America

Mutual

Assurance

Corp

)

5.00%,

09/01/2037

(a)

$

1,000‌

$

1,171‌

San

Mateo

Foster

City

Public

Financing

Authority

4.00%,

08/01/2037

2,070‌

2,531‌

San

Ramon

Valley

Fire

Protection

District

4.00%,

08/01/2050

900‌

1,070‌

Santa

Margarita-Dana

Point

Authority

4.00%,

06/01/2045

1,490‌

1,792‌

Santa

Monica-Malibu

Unified

School

District

3.00%,

08/01/2049

4,650‌

4,954‌

4.00%,

08/01/2038

2,975‌

3,519‌

4.00%,

08/01/2039

1,510‌

1,783‌

Southern

California

Public

Power

Authority

5.00%,

11/01/2028

2,150‌

2,741‌

5.00%,

11/01/2029

2,725‌

3,528‌

State

of

California

2.45%,

12/01/2031

235‌

239‌

4.00%,

09/01/2033

1,580‌

1,841‌

5.00%,

09/01/2034

5,000‌

6,077‌

5.00%,

02/01/2038

1,450‌

1,553‌

5.00%,

04/01/2043

3,380‌

3,644‌

Stockton

Unified

School

District

(credit

support

from

Assured

Guaranty

Municipal

Corp

)

5.00%,

08/01/2038

(a)

1,500‌

1,693‌

Tobacco

Securitization

Authority

of

Southern

California

5.00%,

06/01/2034

1,000‌

1,305‌

5.00%,

06/01/2035

500‌

652‌

5.00%,

06/01/2036

2,645‌

3,439‌

5.00%,

06/01/2048

5,000‌

6,334‌

Transbay

Joint

Powers

Authority

5.00%,

10/01/2030

400‌

529‌

5.00%,

10/01/2035

500‌

652‌

5.00%,

10/01/2037

700‌

907‌

5.00%,

10/01/2038

1,000‌

1,291‌

5.00%,

10/01/2045

1,500‌

1,909‌

Travis

Unified

School

District

(credit

support

from

Assured

Guaranty

Municipal

Corp

)

5.00%,

09/01/2029

(a)

1,000‌

1,171‌

Tulare

County

Transportation

Authority

5.00%,

02/01/2029

1,000‌

1,116‌

University

of

California

4.00%,

05/15/2037

3,365‌

4,207‌

5.00%,

05/15/2044

295‌

335‌

5.00%,

05/15/2044

705‌

791‌

West

Valley-Mission

Community

College

District

4.00%,

08/01/2044

5,000‌

6,019‌

Woodland-Davis

Clean

Water

Agency

(credit

support

from

Assured

Guaranty

Municipal

Corp

)

5.00%,

03/01/2039

(a)

1,500‌

1,767‌

$

694,632‌

Guam

-

1.79%

Guam

Government

Waterworks

Authority

5.00%,

01/01/2046

2,525‌

2,871‌

5.00%,

01/01/2050

5,390‌

6,666‌

Port

Authority

of

Guam

5.00%,

07/01/2048

1,000‌

1,184‌

Territory

of

Guam

4.00%,

01/01/2036

(f)

1,750‌

2,051‌

$

12,772‌

Schedule

of

Investments

California

Municipal

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

4

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Puerto

Rico

-

0.58%

Commonwealth

of

Puerto

Rico

0.00%,

07/01/2026

(e)

$

3,000‌

$

2,707‌

0.00%,

07/01/2039

(e)

1,590‌

1,435‌

$

4,142‌

TOTAL

MUNICIPAL

BONDS

$

711,546‌

Total

Investments

$

713,407‌

Liability

for

Floating

Rate

Notes

Issued

in

Conjunction

with

Securities

Held

-

(3.16)%

Notes

with

interest

rates

of

0.04%

-

0.08%

at

July

31,

2021

and

contractual

maturities

of

collateral

of

2023-2027.

(g)

$

(22,608‌)

(22,608‌)

Total

Net

Investments

$

690,799‌

Other

Assets

and

Liabilities

-  3.34%

23,899‌

TOTAL

NET

ASSETS

-

100.00%

$

714,698‌

(a)

Credit

support

indicates

investments

that

benefit

from

credit

enhancement

or

liquidity

support

provided

by

a

third

party

bank,

institution,

or

government

agency.

(b)

Security

or

portion

of

underlying

security

related

to

Inverse

Floaters

entered

into

by

the

fund.

(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

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

$73,887

or

10.34%

of

net

assets.

(e)

Non-income

producing

security

(f)

Security

purchased

on

a

when-issued

basis.

(g)

Floating

rate

securities.

The

interest

rate(s)

shown

reflect

the

rates

in

effect

at

July

31,

2021.

Portfolio

Summary  (unaudited)

Sector

Percent

Revenue

Bonds

74.05‌%

General

Obligation

Unlimited

10.03‌%

Insured

8.82‌%

Special

Assessment

2.46‌%

Prerefunded

2.04‌%

Tax

Allocation

1.07‌%

Revenue

Notes

0

.63‌%

Special

Tax

0.31‌%

Investment

Companies

0.26‌%

Certificate

Participation

0.15‌%

Liability

For

Floating

Rate

Notes

Issued

(3.16‌)%

Other

Assets

and

Liabilities

3.34‌%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

Core

Fixed

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

5

INVESTMENT

COMPANIES

-

2

.82

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

2

.82

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(a),(b)

2,728,021‌

$

2,728‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

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

296,657,693‌

296,658‌

$

299,386‌

TOTAL

INVESTMENT

COMPANIES

$

299,386‌

COMMON

STOCKS

-

0

.36

%

Shares

Held

Value

(000's)

Oil

&

Gas

-

0

.13

%

Whiting

Petroleum

Corp

(d)

294,723‌

$

13,822‌

Transportation

-

0

.23

%

Trailer

Bridge

Inc

(d),(e),(f)

178,279‌

24,188‌

TOTAL

COMMON

STOCKS

$

38,010‌

BONDS

-

62

.29

%

Principal

Amount

(000's)

Value

(000's)

Airlines

-

0

.71

%

Alaska

Airlines

2020-1

Class

A

Pass

Through

Trust

4.80%,

02/15/2029

(g)

$

28,824‌

$

32,005‌

Delta

Air

Lines

Inc

/

SkyMiles

IP

Ltd

4.75%,

10/20/2028

(g)

24,492‌

27,370‌

United

Airlines

2013-1

Class

A

Pass

Through

Trust

4.30%,

02/15/2027

6,528‌

7,087‌

United

Airlines

2019-2

Class

AA

Pass

Through

Trust

2.70%,

11/01/2033

8,650‌

8,730‌

$

75,192‌

Apparel

-

0

.14

%

Under

Armour

Inc

3.25%,

06/15/2026

14,750‌

15,285‌

Automobile

Floor

Plan

Asset

Backed

Securities

-

0

.83

%

Ford

Credit

Floorplan

Master

Owner

Trust

A

0.49%,

10/15/2023

1,000‌

1,001‌

1.00

x

1

Month

USD

LIBOR

+

0.40%

0.69%,

09/15/2024

40,000‌

40,236‌

1.00

x

1

Month

USD

LIBOR

+

0.60%

Nissan

Master

Owner

Trust

Receivables

0.52%,

11/15/2023

20,000‌

20,023‌

1.00

x

1

Month

USD

LIBOR

+

0.43%

0.65%,

02/15/2024

26,845‌

26,922‌

1.00

x

1

Month

USD

LIBOR

+

0.56%

$

88,182‌

Automobile

Manufacturers

-

1

.05

%

American

Honda

Finance

Corp

0.40%,

10/21/2022

30,000‌

30,063‌

0.55%,

07/12/2024

15,000‌

14,958‌

1.95%,

05/20/2022

48,000‌

48,679‌

2.30%,

09/09/2026

7,000‌

7,423‌

3.80%,

09/20/2021

(g)

10,000‌

10,047‌

$

111,170‌

Banks

-

11

.04

%

Bank

of

America

Corp

0.81%,

10/24/2024

(h)

20,000‌

20,073‌

Secured

Overnight

Financing

Rate

+

0.74%

2.46%,

10/22/2025

(h)

35,000‌

36,676‌

3

Month

USD

LIBOR

+

0.87%

2.88%,

04/24/2023

(h)

15,000‌

15,271‌

3

Month

USD

LIBOR

+

1.02%

3.19%,

07/23/2030

(h)

8,000‌

8,677‌

3

Month

USD

LIBOR

+

1.18%

3.88%,

08/01/2025

10,000‌

11,153‌

3.97%,

02/07/2030

(h)

8,000‌

9,103‌

3

Month

USD

LIBOR

+

1.21%

6.75%,

06/01/2028

2,000‌

2,602‌

Bank

of

New

York

Mellon

Corp/The

0.35%,

12/07/2023

18,000‌

18,006‌

1.65%,

01/28/2031

10,000‌

9,981‌

2.10%,

10/24/2024

50,000‌

52,384‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Bank

of

New

York

Mellon

Corp/The  

(continued)

2.20%,

08/16/2023

$

9,500‌

$

9,835‌

2.80%,

05/04/2026

8,000‌

8,658‌

3.00%,

10/30/2028

9,000‌

9,974‌

Citigroup

Inc

0.78%,

10/30/2024

(h)

9,000‌

9,036‌

Secured

Overnight

Financing

Rate

+

0.69%

2.98%,

11/05/2030

(h)

51,000‌

54,547‌

Secured

Overnight

Financing

Rate

+

1.42%

3.88%,

03/26/2025

23,000‌

25,261‌

4.45%,

09/29/2027

8,000‌

9,231‌

4.50%,

01/14/2022

4,900‌

4,994‌

Cullen/Frost

Bankers

Inc

4.50%,

03/17/2027

11,000‌

12,581‌

Fifth

Third

Bancorp

2.38%,

01/28/2025

59,000‌

61,975‌

2.60%,

06/15/2022

10,000‌

10,185‌

3.65%,

01/25/2024

14,000‌

15,011‌

Goldman

Sachs

Group

Inc/The

0.63%,

11/17/2023

(h)

15,000‌

15,005‌

Secured

Overnight

Financing

Rate

+

0.54%

1.99%,

01/27/2032

(h)

15,000‌

14,776‌

Secured

Overnight

Financing

Rate

+

1.09%

3.50%,

11/16/2026

21,000‌

22,933‌

3.63%,

01/22/2023

7,000‌

7,339‌

3.81%,

04/23/2029

(h)

13,000‌

14,648‌

3

Month

USD

LIBOR

+

1.16%

4.25%,

10/21/2025

23,500‌

26,376‌

JPMorgan

Chase

&

Co

1.05%,

11/19/2026

(h)

9,000‌

8,947‌

Secured

Overnight

Financing

Rate

+

0.80%

2.53%,

11/19/2041

(h)

9,000‌

8,802‌

Secured

Overnight

Financing

Rate

+

1.51%

2.74%,

10/15/2030

(h)

47,000‌

49,668‌

Secured

Overnight

Financing

Rate

+

1.51%

3.25%,

09/23/2022

5,000‌

5,169‌

3.60%,

10/30/2021

(i)

3,911‌

3,931‌

3

Month

USD

LIBOR

+

3.47%

3.63%,

05/13/2024

15,900‌

17,252‌

3.90%,

07/15/2025

8,000‌

8,870‌

KeyCorp

2.25%,

04/06/2027

30,000‌

31,387‌

2.55%,

10/01/2029

50,000‌

53,033‌

Morgan

Stanley

0.86%,

10/21/2025

(h)

7,500‌

7,505‌

Secured

Overnight

Financing

Rate

+

0.75%

1.79%,

02/13/2032

(h)

10,000‌

9,722‌

Secured

Overnight

Financing

Rate

+

1.03%

1.93%,

04/28/2032

(h)

6,250‌

6,136‌

Secured

Overnight

Financing

Rate

+

1.02%

2.70%,

01/22/2031

(h)

38,000‌

40,057‌

Secured

Overnight

Financing

Rate

+

1.14%

2.72%,

07/22/2025

(h)

12,000‌

12,628‌

Secured

Overnight

Financing

Rate

+

1.15%

3.95%,

04/23/2027

10,000‌

11,261‌

4.00%,

07/23/2025

5,000‌

5,566‌

4.88%,

11/01/2022

2,000‌

2,109‌

6.25%,

08/09/2026

4,000‌

4,972‌

PNC

Bank

NA

2.70%,

10/22/2029

53,000‌

56,870‌

2.95%,

02/23/2025

10,000‌

10,757‌

3.10%,

10/25/2027

4,750‌

5,247‌

PNC

Financial

Services

Group

Inc/The

2.31%,

04/23/2032

(h)

15,000‌

15,559‌

Secured

Overnight

Financing

Rate

+

0.98%

6.75%,

11/01/2021

(i)

19,800‌

19,843‌

3

Month

USD

LIBOR

+

3.68%

Schedule

of

Investments

Core

Fixed

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

6

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Truist

Bank

2.64%,

09/17/2029

(h)

$

52,000‌

$

54,529‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

1.15%

2.75%,

05/01/2023

21,000‌

21,870‌

3.30%,

05/15/2026

5,000‌

5,518‌

Truist

Financial

Corp

1.27%,

03/02/2027

(h)

5,500‌

5,529‌

Secured

Overnight

Financing

Rate

+

0.61%

2.70%,

01/27/2022

9,500‌

9,596‌

US

Bancorp

2.95%,

07/15/2022

5,000‌

5,119‌

3.00%,

03/15/2022

2,000‌

2,030‌

3.00%,

07/30/2029

6,000‌

6,573‌

3.15%,

04/27/2027

3,800‌

4,207‌

3.60%,

09/11/2024

12,000‌

13,063‌

3.90%,

04/26/2028

5,000‌

5,802‌

US

Bank

NA/Cincinnati

OH

1.95%,

01/09/2023

35,000‌

35,827‌

2.80%,

01/27/2025

7,000‌

7,513‌

Wells

Fargo

&

Co

2.41%,

10/30/2025

(h)

32,000‌

33,462‌

Secured

Overnight

Financing

Rate

+

1.09%

2.88%,

10/30/2030

(h)

32,000‌

34,196‌

Secured

Overnight

Financing

Rate

+

1.43%

3.07%,

01/24/2023

16,000‌

16,221‌

$

1,172,637‌

Beverages

-

0

.65

%

Anheuser-Busch

Cos

LLC

/

Anheuser-Busch

InBev

Worldwide

Inc

4.70%,

02/01/2036

34,000‌

42,300‌

Anheuser-Busch

InBev

Worldwide

Inc

4.90%,

01/23/2031

21,000‌

26,180‌

$

68,480‌

Biotechnology

-

1

.98

%

Amgen

Inc

2.20%,

02/21/2027

11,500‌

12,092‌

2.45%,

02/21/2030

40,000‌

41,856‌

3.63%,

05/15/2022

8,000‌

8,141‌

Biogen

Inc

2.25%,

05/01/2030

65,000‌

66,207‌

Gilead

Sciences

Inc

1.20%,

10/01/2027

19,000‌

18,770‌

2.60%,

10/01/2040

19,000‌

18,894‌

3.50%,

02/01/2025

10,000‌

10,836‌

3.65%,

03/01/2026

21,000‌

23,273‌

4.40%,

12/01/2021

9,900‌

9,932‌

$

210,001‌

Chemicals

-

0

.73

%

Air

Liquide

Finance

SA

2.25%,

09/10/2029

(g)

24,000‌

25,152‌

Westlake

Chemical

Corp

3.38%,

06/15/2030

4,500‌

4,918‌

3.60%,

08/15/2026

43,000‌

47,513‌

$

77,583‌

Commercial

Services

-

0

.31

%

ERAC

USA

Finance

LLC

3.30%,

10/15/2022

(g)

7,000‌

7,237‌

4.50%,

08/16/2021

(g)

6,000‌

6,009‌

7.00%,

10/15/2037

(g)

13,000‌

19,743‌

$

32,989‌

Computers

-

0

.99

%

Apple

Inc

1.13%,

05/11/2025

10,000‌

10,132‌

2.05%,

09/11/2026

30,000‌

31,508‌

2.38%,

02/08/2041

20,000‌

19,700‌

2.40%,

05/03/2023

14,650‌

15,191‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Computers

(continued)

Apple

Inc  

(continued)

3.20%,

05/11/2027

$

13,000‌

$

14,419‌

3.25%,

02/23/2026

13,000‌

14,302‌

$

105,252‌

Credit

Card

Asset

Backed

Securities

-

1

.26

%

American

Express

Credit

Account

Master

Trust

0.33%,

04/15/2024

35,000‌

35,010‌

1.00

x

1

Month

USD

LIBOR

+

0.24%

BA

Credit

Card

Trust

0.34%,

05/15/2026

43,000‌

42,971‌

CARDS

II

Trust

0.60%,

04/15/2027

(g)

55,500‌

55,540‌

$

133,521‌

Diversified

Financial

Services

-

0

.45

%

Jefferies

Group

LLC

2.75%,

10/15/2032

8,000‌

8,203‌

5.13%,

01/20/2023

1,500‌

1,599‌

6.25%,

01/15/2036

10,325‌

14,073‌

Jefferies

Group

LLC

/

Jefferies

Group

Capital

Finance

Inc

4.15%,

01/23/2030

19,000‌

21,714‌

4.85%,

01/15/2027

1,750‌

2,050‌

$

47,639‌

Electric

-

9

.38

%

AEP

Transmission

Co

LLC

3.15%,

09/15/2049

24,000‌

25,918‌

Alabama

Power

Co

1.45%,

09/15/2030

25,000‌

24,347‌

3.13%,

07/15/2051

19,000‌

20,251‌

3.45%,

10/01/2049

42,000‌

47,171‌

Alliant

Energy

Finance

LLC

1.40%,

03/15/2026

(g)

4,500‌

4,498‌

American

Electric

Power

Co

Inc

1.00%,

11/01/2025

11,450‌

11,431‌

Berkshire

Hathaway

Energy

Co

2.85%,

05/15/2051

23,000‌

22,951‌

4.05%,

04/15/2025

10,000‌

11,132‌

Black

Hills

Corp

2.50%,

06/15/2030

15,000‌

15,551‌

3.05%,

10/15/2029

39,500‌

42,808‌

3.15%,

01/15/2027

7,500‌

8,080‌

4.35%,

05/01/2033

8,000‌

9,487‌

Dayton

Power

&

Light

Co/The

3.95%,

06/15/2049

10,000‌

11,545‌

Entergy

Corp

2.40%,

06/15/2031

24,000‌

24,424‌

Entergy

Louisiana

LLC

2.90%,

03/15/2051

18,500‌

18,809‌

3.25%,

04/01/2028

12,000‌

13,246‌

4.20%,

09/01/2048

31,000‌

38,673‌

Florida

Power

&

Light

Co

2.85%,

04/01/2025

3,000‌

3,219‌

3.15%,

10/01/2049

25,000‌

27,618‌

Interstate

Power

and

Light

Co

2.30%,

06/01/2030

9,500‌

9,831‌

3.50%,

09/30/2049

66,000‌

72,830‌

Louisville

Gas

and

Electric

Co

3.30%,

10/01/2025

3,000‌

3,267‌

Metropolitan

Edison

Co

3.50%,

03/15/2023

(g)

9,900‌

10,263‌

4.30%,

01/15/2029

(g)

14,000‌

15,940‌

Monongahela

Power

Co

3.55%,

05/15/2027

(g)

20,000‌

22,209‌

Nevada

Power

Co

2.40%,

05/01/2030

20,500‌

21,341‌

NextEra

Energy

Capital

Holdings

Inc

2.75%,

11/01/2029

51,000‌

54,400‌

Schedule

of

Investments

Core

Fixed

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

7

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Electric

(continued)

Northern

States

Power

Co/MN

2.90%,

03/01/2050

$

18,500‌

$

19,419‌

Oncor

Electric

Delivery

Co

LLC

0.55%,

10/01/2025

13,000‌

12,780‌

2.95%,

04/01/2025

7,000‌

7,499‌

3.10%,

09/15/2049

33,500‌

36,010‌

4.10%,

11/15/2048

5,000‌

6,253‌

5.75%,

03/15/2029

21,000‌

26,666‌

PacifiCorp

5.25%,

06/15/2035

5,750‌

7,531‌

6.25%,

10/15/2037

2,500‌

3,604‌

PPL

Electric

Utilities

Corp

3.00%,

10/01/2049

17,000‌

18,180‌

Public

Service

Co

of

Colorado

1.88%,

06/15/2031

11,500‌

11,590‌

3.20%,

03/01/2050

15,000‌

16,696‌

Solar

Star

Funding

LLC

3.95%,

06/30/2035

(g)

5,768‌

6,190‌

5.38%,

06/30/2035

(g)

20,425‌

23,507‌

Southwestern

Electric

Power

Co

1.65%,

03/15/2026

24,000‌

24,491‌

2.75%,

10/01/2026

10,000‌

10,726‌

3.55%,

02/15/2022

12,900‌

13,013‌

3.85%,

02/01/2048

12,500‌

14,034‌

Talen

Energy

Supply

LLC

4.60%,

12/15/2021

11,750‌

11,221‌

TransAlta

Corp

4.50%,

11/15/2022

19,650‌

20,230‌

Tucson

Electric

Power

Co

3.05%,

03/15/2025

2,000‌

2,148‌

3.25%,

05/01/2051

18,000‌

19,284‌

3.85%,

03/15/2023

19,900‌

20,803‌

4.85%,

12/01/2048

7,000‌

9,236‌

5.15%,

11/15/2021

3,000‌

3,007‌

Xcel

Energy

Inc

2.60%,

12/01/2029

32,000‌

33,890‌

3.50%,

12/01/2049

24,000‌

26,686‌

$

995,934‌

Electronics

-

0

.49

%

Keysight

Technologies

Inc

3.00%,

10/30/2029

48,000‌

51,650‌

Environmental

Control

-

0

.56

%

Republic

Services

Inc

1.75%,

02/15/2032

29,500‌

28,790‌

2.30%,

03/01/2030

16,500‌

17,043‌

3.20%,

03/15/2025

13,000‌

13,941‌

$

59,774‌

Food

-

0

.22

%

Kraft

Heinz

Foods

Co

3.75%,

04/01/2030

21,000‌

23,240‌

Gas

-

0

.44

%

NiSource

Inc

2.95%,

09/01/2029

29,000‌

31,132‌

3.60%,

05/01/2030

14,000‌

15,670‌

$

46,802‌

Healthcare

-

Services

-

0

.64

%

HCA

Inc

4.13%,

06/15/2029

14,000‌

15,979‌

5.63%,

09/01/2028

2,000‌

2,405‌

5.88%,

05/01/2023

4,500‌

4,871‌

7.50%,

11/06/2033

1,950‌

2,757‌

UnitedHealth

Group

Inc

2.00%,

05/15/2030

9,000‌

9,212‌

2.88%,

08/15/2029

15,000‌

16,382‌

3.50%,

08/15/2039

14,000‌

15,928‌

$

67,534‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Insurance

-

3

.40

%

Berkshire

Hathaway

Finance

Corp

1.45%,

10/15/2030

$

36,500‌

$

36,115‌

1.85%,

03/12/2030

8,000‌

8,176‌

2.50%,

01/15/2051

12,500‌

11,947‌

2.85%,

10/15/2050

30,500‌

31,260‌

Berkshire

Hathaway

Inc

3.00%,

02/11/2023

8,000‌

8,344‌

3.75%,

08/15/2021

(j)

5,000‌

5,006‌

Fidelity

National

Financial

Inc

3.40%,

06/15/2030

32,000‌

34,982‌

4.50%,

08/15/2028

39,500‌

45,750‌

5.50%,

09/01/2022

5,000‌

5,270‌

First

American

Financial

Corp

2.40%,

08/15/2031

(k)

22,000‌

21,782‌

4.00%,

05/15/2030

28,000‌

31,613‌

4.30%,

02/01/2023

21,800‌

22,950‌

4.60%,

11/15/2024

5,000‌

5,545‌

Five

Corners

Funding

Trust

4.42%,

11/15/2023

(g)

49,500‌

53,801‌

Prudential

Financial

Inc

2.10%,

03/10/2030

(j)

23,000‌

23,593‌

3.88%,

03/27/2028

7,000‌

8,083‌

4.50%,

11/16/2021

7,000‌

7,085‌

$

361,302‌

Internet

-

1

.02

%

Amazon.com

Inc

2.80%,

08/22/2024

44,000‌

46,892‌

2.88%,

05/12/2041

20,000‌

21,035‌

4.05%,

08/22/2047

32,650‌

40,343‌

$

108,270‌

Iron

&

Steel

-

0

.15

%

Allegheny

Technologies

Inc

7.88%,

08/15/2023

14,750‌

16,127‌

Lodging

-

0

.55

%

Choice

Hotels

International

Inc

3.70%,

12/01/2029

42,000‌

45,838‌

3.70%,

01/15/2031

11,000‌

12,062‌

$

57,900‌

Media

-

1

.83

%

Comcast

Corp

2.65%,

02/01/2030

33,000‌

35,066‌

3.30%,

02/01/2027

10,000‌

11,046‌

3.95%,

10/15/2025

15,000‌

16,822‌

4.25%,

10/15/2030

4,500‌

5,346‌

6.45%,

03/15/2037

1,800‌

2,651‌

Discovery

Communications

LLC

3.63%,

05/15/2030

9,000‌

9,923‌

4.13%,

05/15/2029

22,000‌

25,006‌

5.30%,

05/15/2049

13,000‌

16,719‌

Time

Warner

Cable

LLC

6.55%,

05/01/2037

7,400‌

10,191‌

6.75%,

06/15/2039

6,000‌

8,526‌

7.30%,

07/01/2038

7,750‌

11,375‌

Walt

Disney

Co/The

2.00%,

09/01/2029

28,000‌

28,705‌

6.40%,

12/15/2035

8,900‌

13,211‌

$

194,587‌

Oil

&

Gas

-

2

.09

%

BP

Capital

Markets

America

Inc

2.94%,

04/06/2023

7,000‌

7,296‌

3.12%,

05/04/2026

10,000‌

10,899‌

3.41%,

02/11/2026

13,000‌

14,285‌

3.94%,

09/21/2028

13,000‌

14,945‌

BP

Capital

Markets

PLC

2.50%,

11/06/2022

7,000‌

7,203‌

Schedule

of

Investments

Core

Fixed

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

8

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Oil

&

Gas

(continued)

Canadian

Natural

Resources

Ltd

2.05%,

07/15/2025

$

9,000‌

$

9,276‌

3.80%,

04/15/2024

35,000‌

37,556‌

Helmerich

&

Payne

Inc

4.65%,

03/15/2025

7,000‌

7,846‌

Marathon

Petroleum

Corp

5.13%,

12/15/2026

8,500‌

10,016‌

Nabors

Industries

Inc

5.10%,

09/15/2023

5,000‌

4,650‌

Phillips

66

1.30%,

02/15/2026

11,500‌

11,525‌

4.30%,

04/01/2022

28,000‌

28,733‌

Suncor

Energy

Inc

2.80%,

05/15/2023

16,500‌

17,150‌

3.60%,

12/01/2024

18,000‌

19,464‌

4.00%,

11/15/2047

4,500‌

5,142‌

9.25%,

10/15/2021

9,475‌

9,645‌

W&T

Offshore

Inc

9.75%,

11/01/2023

(g)

6,750‌

6,479‌

$

222,110‌

Oil

&

Gas

Services

-

0

.44

%

Schlumberger

Holdings

Corp

3.63%,

12/21/2022

(g)

10,000‌

10,334‌

4.00%,

12/21/2025

(g)

33,000‌

36,824‌

$

47,158‌

Other

Asset

Backed

Securities

-

1

.87

%

Drug

Royalty

III

LP

1

1.73%,

10/15/2031

(g)

1,735‌

1,718‌

1.00

x

3

Month

USD

LIBOR

+

1.60%

4.27%,

10/15/2031

(g)

2,230‌

2,288‌

PFS

Financing

Corp

0.64%,

09/15/2023

(g)

40,000‌

40,012‌

1.00

x

1

Month

USD

LIBOR

+

0.55%

0.64%,

04/15/2024

(g)

13,000‌

13,034‌

1.00

x

1

Month

USD

LIBOR

+

0.55%

0.71%,

04/15/2026

(g)

14,000‌

14,013‌

0.78%,

08/15/2026

(g)

39,000‌

38,974‌

Trafigura

Securitisation

Finance

PLC

2021-1

0.61%,

01/15/2025

(g)

37,500‌

37,500‌

1.00

x

1

Month

USD

LIBOR

+

0.53%

Verizon

Owner

Trust

2019-C

0.50%,

04/22/2024

42,500‌

42,617‌

1.00

x

1

Month

USD

LIBOR

+

0.42%

Verizon

Owner

Trust

2020-C

0.41%,

04/21/2025

8,500‌

8,522‌

$

198,678‌

Packaging

&

Containers

-

0

.10

%

Sealed

Air

Corp

5.50%,

09/15/2025

(g)

2,000‌

2,220‌

6.88%,

07/15/2033

(g)

6,900‌

8,832‌

$

11,052‌

Pharmaceuticals

-

2

.28

%

AbbVie

Inc

2.15%,

11/19/2021

33,000‌

33,193‌

2.30%,

11/21/2022

18,000‌

18,455‌

2.90%,

11/06/2022

15,000‌

15,469‌

Bristol-Myers

Squibb

Co

1.13%,

11/13/2027

12,500‌

12,543‌

1.45%,

11/13/2030

10,000‌

9,807‌

3.20%,

06/15/2026

20,000‌

22,025‌

3.40%,

07/26/2029

27,000‌

30,582‌

3.45%,

11/15/2027

9,000‌

10,148‌

3.90%,

02/20/2028

10,500‌

12,176‌

CVS

Health

Corp

1.30%,

08/21/2027

14,000‌

13,906‌

3.00%,

08/15/2026

17,000‌

18,458‌

4.30%,

03/25/2028

13,000‌

15,052‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pharmaceuticals

(continued)

CVS

Health

Corp  

(continued)

5.05%,

03/25/2048

$

23,000‌

$

30,644‌

$

242,458‌

Pipelines

-

1

.77

%

ANR

Pipeline

Co

9.63%,

11/01/2021

900‌

920‌

Buckeye

Partners

LP

3.95%,

12/01/2026

10,500‌

10,635‌

4.15%,

07/01/2023

10,000‌

10,331‌

4.35%,

10/15/2024

8,000‌

8,380‌

Columbia

Pipeline

Group

Inc

4.50%,

06/01/2025

11,900‌

13,424‌

El

Paso

Natural

Gas

Co

LLC

7.50%,

11/15/2026

11,400‌

14,592‌

NGPL

PipeCo

LLC

3.25%,

07/15/2031

(g)

15,000‌

15,640‌

4.88%,

08/15/2027

(g)

43,000‌

49,623‌

Plains

All

American

Pipeline

LP

/

PAA

Finance

Corp

4.50%,

12/15/2026

13,500‌

15,285‌

Southeast

Supply

Header

LLC

4.25%,

06/15/2024

(g)

14,650‌

14,467‌

Southern

Natural

Gas

Co

LLC

8.00%,

03/01/2032

4,750‌

6,889‌

Tennessee

Gas

Pipeline

Co

LLC

8.38%,

06/15/2032

2,000‌

2,982‌

TransCanada

PipeLines

Ltd

6.10%,

06/01/2040

7,000‌

9,762‌

7.25%,

08/15/2038

10,000‌

15,422‌

$

188,352‌

REITs

-

9

.87

%

Alexandria

Real

Estate

Equities

Inc

1.88%,

02/01/2033

13,000‌

12,583‌

2.00%,

05/18/2032

14,000‌

13,936‌

2.75%,

12/15/2029

14,500‌

15,372‌

3.38%,

08/15/2031

30,000‌

33,551‌

4.30%,

01/15/2026

9,900‌

11,158‌

4.90%,

12/15/2030

4,250‌

5,255‌

American

Tower

Corp

1.88%,

10/15/2030

20,000‌

19,639‌

2.10%,

06/15/2030

3,000‌

3,002‌

2.40%,

03/15/2025

7,000‌

7,327‌

2.75%,

01/15/2027

53,000‌

56,420‌

2.95%,

01/15/2051

10,000‌

9,840‌

3.38%,

10/15/2026

5,000‌

5,467‌

CBL

&

Associates

LP

0.00%,

12/15/2026

(d)

13,750‌

7,786‌

Crown

Castle

International

Corp

2.25%,

01/15/2031

13,000‌

13,036‌

2.90%,

04/01/2041

30,000‌

29,612‌

3.10%,

11/15/2029

8,000‌

8,609‌

4.00%,

11/15/2049

17,000‌

19,394‌

4.30%,

02/15/2029

13,000‌

15,114‌

CubeSmart

LP

2.00%,

02/15/2031

26,000‌

25,830‌

3.00%,

02/15/2030

18,000‌

19,269‌

4.00%,

11/15/2025

5,000‌

5,528‌

4.38%,

12/15/2023

8,000‌

8,624‌

4.38%,

02/15/2029

2,000‌

2,309‌

Duke

Realty

LP

2.88%,

11/15/2029

12,500‌

13,376‌

3.25%,

06/30/2026

5,000‌

5,457‌

3.38%,

12/15/2027

25,000‌

27,725‌

Healthcare

Realty

Trust

Inc

2.40%,

03/15/2030

9,000‌

9,166‌

3.63%,

01/15/2028

3,500‌

3,882‌

3.88%,

05/01/2025

5,000‌

5,468‌

Schedule

of

Investments

Core

Fixed

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

9

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

REITs

(continued)

Healthpeak

Properties

Inc

2.88%,

01/15/2031

$

7,000‌

$

7,470‌

3.00%,

01/15/2030

50,000‌

54,251‌

Omega

Healthcare

Investors

Inc

3.38%,

02/01/2031

46,000‌

47,858‌

3.63%,

10/01/2029

32,000‌

34,593‌

4.75%,

01/15/2028

7,000‌

8,006‌

5.25%,

01/15/2026

8,000‌

9,167‌

Physicians

Realty

LP

4.30%,

03/15/2027

22,400‌

25,728‌

SBA

Tower

Trust

1.63%,

05/15/2051

(g)

46,000‌

46,560‌

2.33%,

07/15/2052

(g)

10,000‌

10,479‌

2.84%,

01/15/2050

(g)

30,000‌

31,295‌

Service

Properties

Trust

4.35%,

10/01/2024

12,000‌

12,081‌

4.50%,

06/15/2023

5,000‌

5,113‌

4.65%,

03/15/2024

(j)

5,650‌

5,749‌

4.95%,

02/15/2027

5,900‌

5,797‌

5.00%,

08/15/2022

14,650‌

14,848‌

Simon

Property

Group

LP

2.00%,

09/13/2024

32,000‌

33,251‌

2.75%,

02/01/2023

7,000‌

7,206‌

STORE

Capital

Corp

2.75%,

11/18/2030

18,500‌

19,037‌

4.63%,

03/15/2029

33,500‌

38,890‌

Ventas

Realty

LP

3.00%,

01/15/2030

8,000‌

8,514‌

3.85%,

04/01/2027

21,000‌

23,682‌

Ventas

Realty

LP

/

Ventas

Capital

Corp

3.25%,

08/15/2022

9,650‌

9,866‌

Welltower

Inc

2.70%,

02/15/2027

12,000‌

12,830‌

2.75%,

01/15/2031

7,000‌

7,359‌

3.10%,

01/15/2030

23,000‌

24,805‌

4.13%,

03/15/2029

6,000‌

6,910‌

4.25%,

04/15/2028

4,000‌

4,625‌

4.50%,

01/15/2024

5,000‌

5,426‌

Weyerhaeuser

Co

7.38%,

03/15/2032

40,000‌

58,244‌

WP

Carey

Inc

2.40%,

02/01/2031

21,000‌

21,449‌

3.85%,

07/15/2029

30,000‌

33,776‌

$

1,048,600‌

Savings

&

Loans

-

0

.06

%

First

Niagara

Financial

Group

Inc

7.25%,

12/15/2021

6,500‌

6,662‌

Semiconductors

-

0

.47

%

NVIDIA

Corp

2.00%,

06/15/2031

19,000‌

19,336‌

2.85%,

04/01/2030

14,000‌

15,309‌

3.50%,

04/01/2040

13,000‌

14,898‌

$

49,543‌

Software

-

0

.59

%

Oracle

Corp

2.50%,

05/15/2022

35,000‌

35,473‌

2.95%,

05/15/2025

25,900‌

27,642‌

$

63,115‌

Telecommunications

-

2

.16

%

Corning

Inc

4.75%,

03/15/2042

4,650‌

5,925‌

5.45%,

11/15/2079

43,500‌

63,240‌

Crown

Castle

Towers

LLC

4.24%,

07/15/2048

(g)

16,000‌

18,152‌

Qwest

Corp

6.75%,

12/01/2021

20,800‌

21,190‌

Sprint

Corp

7.88%,

09/15/2023

7,750‌

8,768‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Telecommunications

(continued)

Sprint

Spectrum

Co

LLC

/

Sprint

Spectrum

Co

II

LLC

/

Sprint

Spectrum

Co

III

LLC

3.36%,

03/20/2023

(g)

$

2,406‌

$

2,415‌

5.15%,

03/20/2028

(g)

34,500‌

39,734‌

T-Mobile

USA

Inc

2.05%,

02/15/2028

10,000‌

10,225‌

2.55%,

02/15/2031

20,000‌

20,473‌

3.00%,

02/15/2041

39,000‌

39,258‌

$

229,380‌

Transportation

-

0

.77

%

Ryder

System

Inc

2.90%,

12/01/2026

51,000‌

55,010‌

3.35%,

09/01/2025

25,000‌

27,168‌

$

82,178‌

Trucking

&

Leasing

-

1

.00

%

Penske

Truck

Leasing

Co

Lp

/

PTL

Finance

Corp

1.20%,

11/15/2025

(g)

22,000‌

21,939‌

1.70%,

06/15/2026

(g)

39,000‌

39,543‌

2.70%,

11/01/2024

(g)

28,000‌

29,474‌

3.45%,

07/01/2024

(g)

9,000‌

9,646‌

4.88%,

07/11/2022

(g)

5,500‌

5,724‌

$

106,326‌

TOTAL

BONDS

$

6,616,663‌

SENIOR

FLOATING

RATE

INTERESTS

-

0

.54

%

Principal

Amount

(000's)

Value

(000's)

Pipelines

-

0

.09

%

BCP

Renaissance

Parent

LLC

4.50%,

10/31/2024

(l)

$

9,451‌

$

9,321‌

3

Month

USD

LIBOR

+

2.00%

Software

-

0

.45

%

Ivanti

Software

Inc

5.75%,

11/22/2027

(l)

47,880‌

47,780‌

1

Month

USD

LIBOR

+

4.75%

TOTAL

SENIOR

FLOATING

RATE

INTERESTS

$

57,101‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

-

34

.23

%

Principal

Amount

(000's)

Value

(000's)

Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

-

0

.72

%

3.00%,

10/01/2042

$

5,840‌

$

6,284‌

3.00%,

10/01/2042

5,924‌

6,336‌

3.00%,

11/01/2042

6,100‌

6,534‌

3.00%,

06/01/2043

6,023‌

6,441‌

3.00%,

12/01/2046

10,379‌

11,081‌

3.00%,

07/01/2047

7,983‌

8,431‌

3.50%,

04/01/2042

3,806‌

4,141‌

3.50%,

04/01/2045

5,209‌

5,706‌

3.50%,

03/01/2048

11,876‌

13,002‌

4.00%,

02/01/2046

7,996‌

8,819‌

9.00%,

01/01/2025

1‌

1‌

$

76,776‌

Federal

National

Mortgage

Association

(FNMA)/Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

Uniform

Mortgage-Backed

Security

-

18

.85

%

2.00%,

10/01/2050

50,200‌

51,413‌

2.00%,

11/01/2050

50,471‌

51,668‌

2.00%,

12/01/2050

50,696‌

51,919‌

2.00%,

12/01/2050

50,660‌

51,882‌

2.50%,

09/01/2050

47,420‌

49,731‌

2.50%,

10/01/2050

48,376‌

50,597‌

2.50%,

10/01/2050

46,924‌

49,026‌

2.50%,

10/01/2050

48,437‌

50,664‌

2.50%,

11/01/2050

45,920‌

48,075‌

2.50%,

11/01/2050

47,100‌

49,412‌

2.50%,

11/01/2050

49,039‌

51,452‌

2.50%,

11/01/2050

48,007‌

50,522‌

2.50%,

11/01/2050

49,575‌

51,858‌

3.00%,

03/01/2042

3,891‌

4,162‌

3.00%,

03/01/2042

4,214‌

4,507‌

3.00%,

05/01/2042

4,485‌

4,796‌

Schedule

of

Investments

Core

Fixed

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

10

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%,

06/01/2042

$

3,774‌

$

4,019‌

3.00%,

06/01/2042

4,082‌

4,348‌

3.00%,

08/01/2049

27,799‌

29,559‌

3.00%,

09/01/2049

21,175‌

22,251‌

3.00%,

10/01/2049

22,991‌

24,177‌

3.00%,

10/01/2049

26,714‌

28,206‌

3.00%,

10/01/2049

30,040‌

31,827‌

3.00%,

11/01/2049

28,642‌

30,090‌

3.00%,

11/01/2049

22,908‌

24,192‌

3.00%,

11/01/2049

30,172‌

32,117‌

3.00%,

03/01/2050

29,540‌

31,279‌

3.00%,

04/01/2050

33,311‌

35,514‌

3.00%,

09/01/2050

38,942‌

40,891‌

3.50%,

12/01/2040

3,065‌

3,342‌

3.50%,

01/01/2042

3,005‌

3,286‌

3.50%,

02/01/2043

6,178‌

6,761‌

3.50%,

03/01/2045

5,527‌

6,054‌

3.50%,

06/01/2045

8,059‌

8,792‌

3.50%,

07/01/2045

5,908‌

6,427‌

3.50%,

11/01/2045

6,476‌

6,976‌

3.50%,

06/01/2046

24,197‌

26,226‌

3.50%,

08/01/2047

14,741‌

15,700‌

3.50%,

11/01/2047

8,141‌

8,677‌

3.50%,

12/01/2047

16,433‌

17,486‌

3.50%,

09/01/2048

4,953‌

5,257‌

3.50%,

06/01/2049

11,197‌

11,851‌

3.50%,

07/01/2049

17,888‌

18,945‌

3.50%,

09/01/2049

51,229‌

54,223‌

3.50%,

09/01/2049

19,376‌

20,514‌

3.50%,

09/01/2049

16,427‌

17,401‌

3.50%,

11/01/2049

19,273‌

20,418‌

3.50%,

11/01/2049

24,853‌

26,544‌

3.50%,

12/01/2049

25,370‌

26,868‌

3.50%,

06/01/2050

43,821‌

46,321‌

3.50%,

08/01/2050

54,186‌

58,197‌

3.50%,

10/01/2050

57,219‌

60,648‌

3.50%,

01/01/2051

40,364‌

42,722‌

4.00%,

09/01/2040

2,944‌

3,240‌

4.00%,

08/01/2043

4,272‌

4,700‌

4.00%,

08/01/2043

4,631‌

5,114‌

4.00%,

11/01/2043

5,959‌

6,605‌

4.00%,

11/01/2043

3,742‌

4,109‌

4.00%,

02/01/2044

5,523‌

6,097‌

4.00%,

07/01/2044

1,903‌

2,079‌

4.00%,

11/01/2044

3,951‌

4,329‌

4.00%,

09/01/2045

9,665‌

10,668‌

4.00%,

06/01/2046

19,366‌

21,239‌

4.00%,

08/01/2046

6,309‌

6,866‌

4.00%,

01/01/2047

5,089‌

5,468‌

4.00%,

08/01/2047

5,413‌

5,818‌

4.00%,

09/01/2048

10,186‌

10,889‌

4.00%,

10/01/2048

4,815‌

5,144‌

4.00%,

03/01/2049

49,135‌

52,377‌

4.00%,

04/01/2049

53,134‌

56,640‌

4.00%,

07/01/2049

13,603‌

14,523‌

4.00%,

08/01/2049

59,228‌

63,345‌

4.00%,

09/01/2049

13,825‌

14,854‌

4.00%,

10/01/2049

25,408‌

27,483‌

4.00%,

12/01/2049

53,079‌

56,999‌

4.00%,

01/01/2050

37,690‌

40,248‌

4.50%,

12/01/2040

3,259‌

3,640‌

4.50%,

06/01/2046

22,627‌

25,225‌

4.50%,

05/01/2047

4,255‌

4,625‌

4.50%,

05/01/2047

5,242‌

5,704‌

4.50%,

02/01/2049

4,474‌

4,820‌

6.50%,

04/01/2032

2‌

3‌

$

2,002,641‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Government

National

Mortgage

Association

(GNMA)

-

0

.22

%

3.00%,

02/20/2046

$

21,845‌

$

23,214‌

U.S.

Treasury

-

14

.44

%

0.63%,

08/15/2030

40,000‌

38,066‌

0.88%,

11/15/2030

40,000‌

38,838‌

1.13%,

02/28/2025

40,000‌

40,928‌

1.13%,

02/28/2027

40,000‌

40,741‌

1.13%,

08/15/2040

40,000‌

35,616‌

1.25%,

08/31/2024

40,000‌

41,077‌

1.38%,

08/31/2023

40,000‌

40,975‌

1.38%,

08/15/2050

40,000‌

35,133‌

1.50%,

11/30/2021

40,000‌

40,190‌

1.50%,

08/15/2026

40,000‌

41,562‌

1.50%,

02/15/2030

40,000‌

41,152‌

1.63%,

11/15/2022

40,000‌

40,783‌

1.63%,

02/15/2026

40,000‌

41,766‌

1.63%,

08/15/2029

40,000‌

41,636‌

1.75%,

05/15/2022

40,000‌

40,525‌

1.75%,

11/15/2029

40,000‌

42,030‌

1.88%,

08/31/2022

40,000‌

40,769‌

2.00%,

11/15/2026

40,000‌

42,592‌

2.13%,

05/15/2025

40,000‌

42,420‌

2.25%,

11/15/2024

40,000‌

42,398‌

2.25%,

08/15/2027

40,000‌

43,283‌

2.25%,

11/15/2027

40,000‌

43,317‌

2.25%,

08/15/2046

40,000‌

42,862‌

2.25%,

08/15/2049

40,000‌

43,009‌

2.38%,

02/29/2024

40,000‌

42,150‌

2.63%,

02/28/2023

40,000‌

41,564‌

2.63%,

02/15/2029

40,000‌

44,545‌

2.75%,

11/15/2023

40,000‌

42,297‌

2.75%,

02/15/2028

40,000‌

44,617‌

2.75%,

08/15/2047

35,000‌

41,223‌

2.88%,

08/15/2028

40,000‌

45,113‌

2.88%,

05/15/2049

20,000‌

24,263‌

3.00%,

09/30/2025

40,000‌

43,997‌

3.00%,

11/15/2045

35,000‌

42,760‌

3.13%,

11/15/2028

40,000‌

45,898‌

3.63%,

02/15/2044

35,000‌

46,599‌

3.75%,

11/15/2043

35,000‌

47,328‌

$

1,534,022‌

TOTAL

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

$

3,636,653‌

Total

Investments

$

10,647,813‌

Other

Assets

and

Liabilities

-  (0.24)%

(

25,252‌

)

TOTAL

NET

ASSETS

-

100.00%

$

10,622,561‌

(a)

Current

yield

shown

is

as

of

period

end.

(b)

Security

or

a

portion

of

the

security

was

received

as

collateral

for

securities

lending.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$7,198

or

0.07%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(d)

Non-income

producing

security

(e)

The

value

of

these

investments

was

determined

using

significant

unobservable

inputs,

in

good

faith

by

the

Manager,

under

procedures

established

and

periodically

reviewed

by

the

Board

of

Directors.

(f)

Restricted

Security.

Please

see

Restricted

Securities

sub-schedule

for

additional

information.

(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

$866,430

or

8.16%

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.

Schedule

of

Investments

Core

Fixed

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

11

(i)

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.

(j)

Security

or

a

portion

of

the

security

was

on

loan.  At

the

end

of

the

period,

the

value

of

these

securities

totaled

$6,952

or

0.07%

of

net

assets.

(k)

Security

purchased

on

a

when-issued

basis.

(l)

Rate

information

disclosed

is

based

on

an

average

weighted

rate

of

the

underlying

tranches

as

of

period

end.

Portfolio

Summary  (unaudited)

Sector

Percent

Financial

24

.82‌

%

Mortgage

Securities

19

.79‌

%

Government

14

.44‌

%

Utilities

9

.82‌

%

Consumer,

Non-cyclical

6

.08‌

%

Communications

5

.01‌

%

Energy

4

.52‌

%

Asset

Backed

Securities

3

.96‌

%

Industrial

3

.15‌

%

Money

Market

Funds

2

.82‌

%

Technology

2

.50‌

%

Consumer,

Cyclical

2

.45‌

%

Basic

Materials

0

.88‌

%

Other

Assets

and

Liabilities

(

0

.24‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

646,517‌

$

2,756,189‌

$

3,106,048‌

$

296,658‌

$

646,517‌

$

2,756,189‌

$

3,106,048‌

$

296,658‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Restricted

Securities

Security

Name

Acquisition

Date

Cost

Value

Percent

of

Net

Assets

Trailer

Bridge

Inc

05/07/2012-05/28/2019

$

21,314‌

$

24,188‌

0.23%

Total

$

24,188‌

0.23%

Amounts

in

thousands.

Schedule

of

Investments

Core

Plus

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

12

INVESTMENT

COMPANIES

-

14

.55

%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

4

.74

%

iShares

iBoxx

High

Yield

Corporate

Bond

ETF

(a)

160,000‌

$

14,054‌

SPDR

Bloomberg

Barclays

High

Yield

Bond

ETF

(a)

180,200‌

19,781‌

$

33,835‌

Money

Market

Funds

-

9

.81

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(b),(c)

13,682,407‌

13,683‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

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

56,422,430‌

56,422‌

$

70,105‌

TOTAL

INVESTMENT

COMPANIES

$

103,940‌

COMMON

STOCKS

-

0

.13

%

Shares

Held

Value

(000's)

Diversified

Financial

Services

-

0

.00

%

Avation

PLC

-

Warrants

(e)

3,500‌

$

—‌

Oil

&

Gas

-

0

.12

%

EP

Energy

Corp

(e)

8,800‌

871‌

Mesquite

Energy

Inc

(e),(f)

407‌

2‌

$

873‌

Retail

-

0

.01

%

Claire's

Holdings

LLC

(e)

232‌

43‌

TOTAL

COMMON

STOCKS

$

916‌

PREFERRED

STOCKS

-

0

.54

%

Shares

Held

Value

(000's)

Sovereign

-

0

.54

%

CoBank

ACB

6.20%,

01/01/2025

(g)

35,000‌

$

3,857‌

3

Month

USD

LIBOR

+

3.74%

TOTAL

PREFERRED

STOCKS

$

3,857‌

BONDS

-

60

.11

%

Principal

Amount

(000's)

Value

(000's)

Advertising

-

0

.41

%

Omnicom

Group

Inc

2.60%,

08/01/2031

$

2,860‌

$

2,960‌

Aerospace

&

Defense

-

1

.77

%

Boeing

Co/The

1.95%,

02/01/2024

3,840‌

3,938‌

2.20%,

02/04/2026

1,780‌

1,796‌

2.80%,

03/01/2024

845‌

883‌

3.75%,

02/01/2050

1,140‌

1,185‌

4.88%,

05/01/2025

845‌

948‌

Raytheon

Technologies

Corp

4.45%,

11/16/2038

715‌

885‌

4.50%,

06/01/2042

710‌

905‌

5.40%,

05/01/2035

215‌

288‌

SSL

Robotics

LLC

9.75%,

12/31/2023

(h)

107‌

118‌

TransDigm

Inc

4.88%,

05/01/2029

(h)

210‌

210‌

6.25%,

03/15/2026

(h)

125‌

131‌

7.50%,

03/15/2027

530‌

561‌

8.00%,

12/15/2025

(h)

210‌

226‌

Triumph

Group

Inc

8.88%,

06/01/2024

(h)

538‌

596‌

$

12,670‌

Agriculture

-

0

.11

%

Reynolds

American

Inc

5.70%,

08/15/2035

635‌

785‌

Airlines

-

0

.72

%

American

Airlines

Inc/AAdvantage

Loyalty

IP

Ltd

5.75%,

04/20/2029

(h)

80‌

86‌

Delta

Air

Lines

Inc

/

SkyMiles

IP

Ltd

4.50%,

10/20/2025

(h)

3,208‌

3,449‌

Hawaiian

Brand

Intellectual

Property

Ltd

/

HawaiianMiles

Loyalty

Ltd

5.75%,

01/20/2026

(h)

700‌

734‌

Southwest

Airlines

Co

4.75%,

05/04/2023

200‌

214‌

5.25%,

05/04/2025

605‌

691‌

$

5,174‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Automobile

Asset

Backed

Securities

-

2

.59

%

AmeriCredit

Automobile

Receivables

Trust

2020-3

0.42%,

03/18/2024

$

438‌

$

439‌

AmeriCredit

Automobile

Receivables

Trust

2021-1

0.28%,

06/18/2024

902‌

903‌

CarMax

Auto

Owner

Trust

2020-3

0.34%,

06/15/2023

343‌

343‌

1.00

x

1

Month

USD

LIBOR

+

0.25%

CarMax

Auto

Owner

Trust

2020-4

0.31%,

01/16/2024

1,829‌

1,830‌

Drive

Auto

Receivables

Trust

2020-2

0.62%,

07/17/2023

12‌

12‌

1.00

x

1

Month

USD

LIBOR

+

0.53%

Drive

Auto

Receivables

Trust

2021-1

0.36%,

12/15/2023

2,042‌

2,043‌

Ford

Credit

Auto

Lease

Trust

2020-B

0.35%,

12/15/2022

654‌

654‌

1.00

x

1

Month

USD

LIBOR

+

0.26%

0.50%,

12/15/2022

351‌

351‌

GM

Financial

Automobile

Leasing

Trust

2020-3

0.35%,

11/21/2022

697‌

697‌

GM

Financial

Consumer

Automobile

Receivables

Trust

2020-3

0.35%,

07/17/2023

781‌

781‌

Hyundai

Auto

Receivables

Trust

2020-B

0.38%,

03/15/2023

699‌

700‌

Mercedes-Benz

Auto

Lease

Trust

2020-B

0.31%,

02/15/2023

1,005‌

1,005‌

Nissan

Auto

Lease

Trust

2020-B

0.34%,

12/15/2022

1,484‌

1,485‌

Santander

Drive

Auto

Receivables

Trust

2020-3

0.46%,

09/15/2023

476‌

476‌

Santander

Drive

Auto

Receivables

Trust

2020-4

0.42%,

09/15/2023

326‌

327‌

Santander

Drive

Auto

Receivables

Trust

2021-1

0.29%,

11/15/2023

1,257‌

1,258‌

Santander

Drive

Auto

Receivables

Trust

2021-2

0.28%,

04/15/2024

1,500‌

1,500‌

Santander

Retail

Auto

Lease

Trust

2020-B

0.42%,

11/20/2023

(h)

454‌

455‌

Tesla

Auto

Lease

Trust

2019-A

2.13%,

04/20/2022

(h)

510‌

512‌

World

Omni

Auto

Receivables

Trust

2020-C

0.35%,

12/15/2023

1,252‌

1,253‌

World

Omni

Select

Auto

Trust

2020-A

0.47%,

06/17/2024

1,461‌

1,463‌

$

18,487‌

Automobile

Manufacturers

-

1

.49

%

BMW

US

Capital

LLC

3.80%,

04/06/2023

(h)

695‌

734‌

3.90%,

04/09/2025

(h)

1,250‌

1,378‌

Ford

Motor

Co

8.50%,

04/21/2023

255‌

283‌

9.00%,

04/22/2025

570‌

702‌

9.63%,

04/22/2030

45‌

65‌

Ford

Motor

Credit

Co

LLC

3.35%,

11/01/2022

570‌

583‌

3.38%,

11/13/2025

455‌

475‌

4.25%,

09/20/2022

1,330‌

1,366‌

4.54%,

08/01/2026

375‌

407‌

5.13%,

06/16/2025

215‌

237‌

General

Motors

Co

4.88%,

10/02/2023

1,715‌

1,865‌

6.25%,

10/02/2043

525‌

732‌

Schedule

of

Investments

Core

Plus

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

13

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Automobile

Manufacturers

(continued)

General

Motors

Financial

Co

Inc

1.25%,

01/08/2026

$

1,100‌

$

1,099‌

3.45%,

01/14/2022

730‌

738‌

$

10,664‌

Automobile

Parts

&

Equipment

-

0

.10

%

Tenneco

Inc

5.13%,

04/15/2029

(h)

25‌

26‌

7.88%,

01/15/2029

(h)

625‌

706‌

$

732‌

Banks

-

9

.53

%

Banco

Mercantil

del

Norte

SA/Grand

Cayman

8.38%,

10/14/2030

(g),(h),(i),(j)

300‌

362‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

10

Year

+

7.76%

Banco

Santander

SA

2.75%,

05/28/2025

1,600‌

1,688‌

Bank

of

America

Corp

2.68%,

06/19/2041

(i)

1,635‌

1,614‌

Secured

Overnight

Financing

Rate

+

1.93%

2.69%,

04/22/2032

(i)

2,361‌

2,464‌

Secured

Overnight

Financing

Rate

+

1.32%

2.83%,

10/24/2051

(i)

670‌

658‌

Secured

Overnight

Financing

Rate

+

1.88%

2.88%,

10/22/2030

(i)

425‌

451‌

3

Month

USD

LIBOR

+

1.19%

2.97%,

07/21/2052

(i)

1,800‌

1,818‌

Secured

Overnight

Financing

Rate

+

1.56%

3.19%,

07/23/2030

(i)

440‌

477‌

3

Month

USD

LIBOR

+

1.18%

4.20%,

08/26/2024

435‌

477‌

4.30%,

01/28/2025

(g),(i)

400‌

413‌

3

Month

USD

LIBOR

+

2.66%

Barclays

PLC

1.01%,

12/10/2024

(i)

750‌

753‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

1

Year

+

0.80%

2.85%,

05/07/2026

(i)

1,100‌

1,167‌

Secured

Overnight

Financing

Rate

+

2.71%

5.20%,

05/12/2026

500‌

575‌

7.75%,

09/15/2023

(g),(i),(j)

835‌

915‌

USD

Swap

Semi-Annual

5

Year

+

4.84%

BNP

Paribas

SA

2.22%,

06/09/2026

(h),(i)

800‌

828‌

Secured

Overnight

Financing

Rate

+

2.07%

CIT

Group

Inc

5.00%,

08/15/2022

255‌

266‌

Citigroup

Inc

3.11%,

04/08/2026

(i)

1,125‌

1,205‌

Secured

Overnight

Financing

Rate

+

2.84%

3.52%,

10/27/2028

(i)

2,660‌

2,930‌

3

Month

USD

LIBOR

+

1.15%

Credit

Suisse

AG/New

York

NY

2.95%,

04/09/2025

2,585‌

2,771‌

Credit

Suisse

Group

AG

2.19%,

06/05/2026

(h),(i)

1,500‌

1,544‌

Secured

Overnight

Financing

Rate

+

2.04%

4.19%,

04/01/2031

(h),(i)

250‌

285‌

Secured

Overnight

Financing

Rate

+

3.73%

4.88%,

05/15/2045

375‌

484‌

Danske

Bank

A/S

3.00%,

09/20/2022

(h),(i)

2,250‌

2,257‌

3

Month

USD

LIBOR

+

1.25%

Deutsche

Bank

AG

6.00%,

10/30/2025

(g),(i),(j)

695‌

728‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.52%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Deutsche

Bank

AG/New

York

NY

2.22%,

09/18/2024

(i)

$

1,700‌

$

1,745‌

Secured

Overnight

Financing

Rate

+

2.16%

Goldman

Sachs

Group

Inc/The

3.85%,

01/26/2027

2,403‌

2,661‌

6.75%,

10/01/2037

465‌

688‌

HSBC

Holdings

PLC

2.80%,

05/24/2032

(i)

1,000‌

1,037‌

Secured

Overnight

Financing

Rate

+

1.19%

4.25%,

03/14/2024

840‌

908‌

Itau

Unibanco

Holding

SA/Cayman

Island

3.88%,

04/15/2031

(h),(i),(j)

500‌

495‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.45%

JPMorgan

Chase

&

Co

2.08%,

04/22/2026

(i)

1,435‌

1,488‌

Secured

Overnight

Financing

Rate

+

1.85%

3.33%,

04/22/2052

(i)

1,575‌

1,712‌

Secured

Overnight

Financing

Rate

+

1.58%

3.96%,

11/15/2048

(i)

105‌

124‌

3

Month

USD

LIBOR

+

1.38%

4.95%,

06/01/2045

835‌

1,121‌

Lloyds

Banking

Group

PLC

3.87%,

07/09/2025

(i)

1,900‌

2,059‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

1

Year

+

3.50%

Morgan

Stanley

0.86%,

10/21/2025

(i)

1,500‌

1,501‌

Secured

Overnight

Financing

Rate

+

0.75%

0.99%,

12/10/2026

(i)

5,000‌

4,944‌

Secured

Overnight

Financing

Rate

+

0.72%

3.62%,

04/01/2031

(i)

380‌

427‌

Secured

Overnight

Financing

Rate

+

3.12%

4.35%,

09/08/2026

2,000‌

2,278‌

5.00%,

11/24/2025

995‌

1,149‌

6.38%,

07/24/2042

130‌

201‌

Popular

Inc

6.13%,

09/14/2023

145‌

156‌

Santander

UK

Group

Holdings

PLC

1.09%,

03/15/2025

(i)

1,175‌

1,181‌

Secured

Overnight

Financing

Rate

+

0.79%

2.90%,

03/15/2032

(i)

1,400‌

1,462‌

Secured

Overnight

Financing

Rate

+

1.48%

Standard

Chartered

PLC

2.68%,

06/29/2032

(h),(i)

2,000‌

2,027‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

1

Year

+

1.20%

2.82%,

01/30/2026

(h),(i)

1,020‌

1,070‌

3

Month

USD

LIBOR

+

1.21%

6.00%,

07/26/2025

(g),(h),(i),(j)

510‌

559‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.66%

Synchrony

Bank

3.00%,

06/15/2022

915‌

934‌

UBS

Group

AG

1.01%,

07/30/2024

(h),(i)

710‌

715‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

1

Year

+

0.83%

1.36%,

01/30/2027

(h),(i)

460‌

459‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

1

Year

+

1.08%

UniCredit

SpA

1.98%,

06/03/2027

(h),(i)

2,400‌

2,406‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

1

Year

+

1.20%

Schedule

of

Investments

Core

Plus

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

14

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Wells

Fargo

&

Co

2.39%,

06/02/2028

(i)

$

1,500‌

$

1,570‌

Secured

Overnight

Financing

Rate

+

2.10%

3.75%,

01/24/2024

500‌

538‌

4.40%,

06/14/2046

465‌

568‌

Westpac

Banking

Corp

4.11%,

07/24/2034

(i)

125‌

139‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.00%

4.42%,

07/24/2039

2,160‌

2,606‌

$

68,058‌

Beverages

-

0

.95

%

Anheuser-Busch

Cos

LLC

/

Anheuser-Busch

InBev

Worldwide

Inc

3.65%,

02/01/2026

850‌

943‌

4.90%,

02/01/2046

1,320‌

1,692‌

Anheuser-Busch

InBev

Worldwide

Inc

4.38%,

04/15/2038

1,260‌

1,521‌

Central

American

Bottling

Corp

5.75%,

01/31/2027

(h)

210‌

219‌

Constellation

Brands

Inc

3.70%,

12/06/2026

2,140‌

2,386‌

Corp

Lindley

SA

6.75%,

11/23/2021

(h)

4‌

3‌

6.75%,

11/23/2021

4‌

4‌

$

6,768‌

Building

Materials

-

0

.79

%

Carrier

Global

Corp

2.24%,

02/15/2025

390‌

408‌

Cemex

SAB

de

CV

3.88%,

07/11/2031

(h)

1,025‌

1,061‌

5.20%,

09/17/2030

(h)

450‌

493‌

Masco

Corp

1.50%,

02/15/2028

1,600‌

1,586‌

Patrick

Industries

Inc

4.75%,

05/01/2029

(h)

455‌

464‌

7.50%,

10/15/2027

(h)

420‌

457‌

SRM

Escrow

Issuer

LLC

6.00%,

11/01/2028

(h)

935‌

998‌

Summit

Materials

LLC

/

Summit

Materials

Finance

Corp

5.25%,

01/15/2029

(h)

195‌

207‌

$

5,674‌

Chemicals

-

0

.88

%

Alpek

SAB

de

CV

3.25%,

02/25/2031

(h)

600‌

609‌

Braskem

Netherlands

Finance

BV

4.50%,

01/31/2030

(h)

250‌

264‌

CF

Industries

Inc

4.95%,

06/01/2043

310‌

382‌

5.15%,

03/15/2034

402‌

498‌

Consolidated

Energy

Finance

SA

3.87%,

06/15/2022

(h)

250‌

248‌

3

Month

USD

LIBOR

+

3.75%

DuPont

de

Nemours

Inc

5.32%,

11/15/2038

525‌

701‌

5.42%,

11/15/2048

100‌

142‌

EI

du

Pont

de

Nemours

and

Co

1.70%,

07/15/2025

280‌

289‌

Element

Solutions

Inc

3.88%,

09/01/2028

(h)

902‌

920‌

Equate

Petrochemical

BV

2.63%,

04/28/2028

(h)

250‌

253‌

LYB

International

Finance

III

LLC

2.88%,

05/01/2025

575‌

614‌

MEGlobal

Canada

ULC

5.88%,

05/18/2030

550‌

682‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Chemicals

(continued)

Orbia

Advance

Corp

SAB

de

CV

2.88%,

05/11/2031

(h)

$

575‌

$

585‌

Tronox

Inc

6.50%,

05/01/2025

(h)

115‌

122‌

$

6,309‌

Commercial

Mortgage

Backed

Securities

-

1

.75

%

Benchmark

2021-B25

Mortgage

Trust

2.58%,

04/15/2054

500‌

530‌

Citigroup

Commercial

Mortgage

Trust

2019-C7

3.10%,

12/15/2072

1,500‌

1,652‌

COMM

2013-CCRE6

Mortgage

Trust

4.09%,

03/10/2046

(h),(k)

500‌

474‌

GS

Mortgage

Securities

Trust

2012-GCJ7

1.79%,

05/10/2045

(k),(l)

4,786‌

23‌

GS

Mortgage

Securities

Trust

2013-GC16

5.31%,

11/10/2046

(k)

800‌

821‌

GS

Mortgage

Securities

Trust

2020-GSA2

2.01%,

12/12/2053

3,600‌

3,643‌

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

2011-C5

5.43%,

08/15/2046

(h),(k)

800‌

799‌

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

2012-LC9

1.47%,

12/15/2047

(k),(l)

8,122‌

114‌

JPMBB

Commercial

Mortgage

Securities

Trust

2014-C18

4.80%,

02/15/2047

(k)

2,700‌

2,643‌

JPMBB

Commercial

Mortgage

Securities

Trust

2014-C19

0.66%,

04/15/2047

(k),(l)

19,592‌

306‌

JPMBB

Commercial

Mortgage

Securities

Trust

2014-C24

0.70%,

11/15/2047

(k),(l)

7,457‌

161‌

3.70%,

11/15/2047

(h),(k)

725‌

470‌

LB-UBS

Commercial

Mortgage

Trust

2005-C3

0.58%,

07/15/2040

(h),(k),(l)

1,013‌

—‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2013-C11

0.29%,

08/15/2046

(k),(l)

17,930‌

74‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2014-C16

0.98%,

06/15/2047

(k),(l)

18,749‌

392‌

MSBAM

Commercial

Mortgage

Securities

Trust

2012-CKSV

1.03%,

10/15/2030

(h),(k),(l)

21,315‌

160‌

UBS-Barclays

Commercial

Mortgage

Trust

2012-C4

1.58%,

12/10/2045

(h),(k),(l)

18,076‌

239‌

$

12,501‌

Commercial

Services

-

0

.30

%

ADT

Security

Corp/The

4.13%,

08/01/2029

(h)

100‌

101‌

DP

World

Ltd/United

Arab

Emirates

6.85%,

07/02/2037

300‌

406‌

Prime

Security

Services

Borrower

LLC

/

Prime

Finance

Inc

3.38%,

08/31/2027

(h)

350‌

340‌

6.25%,

01/15/2028

(h)

325‌

339‌

United

Rentals

North

America

Inc

3.88%,

02/15/2031

400‌

412‌

4.88%,

01/15/2028

414‌

437‌

5.88%,

09/15/2026

95‌

98‌

$

2,133‌

Computers

-

0

.17

%

Dell

International

LLC

/

EMC

Corp

5.45%,

06/15/2023

570‌

616‌

Schedule

of

Investments

Core

Plus

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

15

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Computers

(continued)

NCR

Corp

5.13%,

04/15/2029

(h)

$

550‌

$

573‌

$

1,189‌

Consumer

Products

-

0

.02

%

Kronos

Acquisition

Holdings

Inc

/

KIK

Custom

Products

Inc

5.00%,

12/31/2026

(h)

175‌

177‌

Credit

Card

Asset

Backed

Securities

-

0

.46

%

Barclays

Dryrock

Issuance

Trust

0.42%,

07/15/2024

3,250‌

3,251‌

1.00

x

1

Month

USD

LIBOR

+

0.33%

Diversified

Financial

Services

-

2

.13

%

AerCap

Holdings

NV

5.88%,

10/10/2079

(i)

505‌

530‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.54%

AerCap

Ireland

Capital

DAC

/

AerCap

Global

Aviation

Trust

3.15%,

02/15/2024

2,825‌

2,965‌

4.50%,

09/15/2023

1,670‌

1,787‌

Air

Lease

Corp

1.88%,

08/15/2026

1,325‌

1,337‌

2.88%,

01/15/2026

1,495‌

1,581‌

3.38%,

07/01/2025

890‌

959‌

Ally

Financial

Inc

4.63%,

03/30/2025

650‌

728‌

5.80%,

05/01/2025

1,075‌

1,250‌

Avation

Capital

SA

8.25%,

PIK

9.00%;

10/31/2026

(h),(k),(m)

200‌

163‌

Brookfield

Finance

Inc

4.00%,

04/01/2024

685‌

742‌

Credit

Acceptance

Corp

5.13%,

12/31/2024

(h)

155‌

160‌

6.63%,

03/15/2026

865‌

913‌

Global

Aircraft

Leasing

Co

Ltd

6.50%,

PIK

7.25%;

09/15/2024

(h),(k),(m)

692‌

696‌

ILFC

E-Capital

Trust

II

3.91%,

12/21/2065

(h),(k)

155‌

131‌

OneMain

Finance

Corp

5.63%,

03/15/2023

190‌

201‌

6.63%,

01/15/2028

490‌

566‌

6.88%,

03/15/2025

400‌

454‌

8.88%,

06/01/2025

55‌

60‌

$

15,223‌

Electric

-

2

.13

%

Avangrid

Inc

3.20%,

04/15/2025

1,115‌

1,201‌

CMS

Energy

Corp

3.00%,

05/15/2026

275‌

297‌

4.70%,

03/31/2043

110‌

135‌

Commonwealth

Edison

Co

4.00%,

03/01/2049

405‌

503‌

Dominion

Energy

Inc

4.25%,

06/01/2028

475‌

552‌

DTE

Electric

Co

3.95%,

03/01/2049

100‌

123‌

DTE

Energy

Co

1.05%,

06/01/2025

150‌

151‌

3.40%,

06/15/2029

654‌

727‌

Elwood

Energy

LLC

8.16%,

07/05/2026

75‌

80‌

Enel

Chile

SA

4.88%,

06/12/2028

630‌

725‌

Engie

Energia

Chile

SA

3.40%,

01/28/2030

(h)

500‌

515‌

Entergy

Corp

1.90%,

06/15/2028

1,204‌

1,223‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Electric

(continued)

Georgia

Power

Co

3.25%,

03/15/2051

$

1,609‌

$

1,694‌

Louisville

Gas

and

Electric

Co

4.25%,

04/01/2049

180‌

228‌

NextEra

Energy

Operating

Partners

LP

4.25%,

07/15/2024

(h)

65‌

68‌

NRG

Energy

Inc

7.25%,

05/15/2026

180‌

187‌

Oryx

Funding

Ltd

5.80%,

02/03/2031

(h)

350‌

369‌

5.80%,

02/03/2031

200‌

211‌

Pacific

Gas

and

Electric

Co

1.75%,

06/16/2022

1,760‌

1,758‌

4.20%,

06/01/2041

535‌

523‌

Public

Service

Co

of

Colorado

1.88%,

06/15/2031

1,690‌

1,703‌

Southern

California

Edison

Co

4.20%,

03/01/2029

460‌

524‌

4.88%,

03/01/2049

500‌

600‌

State

Grid

Overseas

Investment

2016

Ltd

3.50%,

05/04/2027

250‌

278‌

Tucson

Electric

Power

Co

4.85%,

12/01/2048

100‌

132‌

Virginia

Electric

and

Power

Co

4.60%,

12/01/2048

95‌

126‌

Vistra

Operations

Co

LLC

4.38%,

05/01/2029

(h)

575‌

589‌

$

15,222‌

Electrical

Components

&

Equipment

-

0

.14

%

WESCO

Distribution

Inc

7.13%,

06/15/2025

(h)

270‌

290‌

7.25%,

06/15/2028

(h)

625‌

696‌

$

986‌

Electronics

-

0

.14

%

Imola

Merger

Corp

4.75%,

05/15/2029

(h)

255‌

263‌

Sensata

Technologies

BV

4.00%,

04/15/2029

(h)

655‌

672‌

Sensata

Technologies

Inc

3.75%,

02/15/2031

(h)

52‌

53‌

$

988‌

Energy

-

Alternate

Sources

-

0

.09

%

EnfraGen

Energia

Sur

SA

/

EnfraGen

Spain

SA

/

Prime

Energia

SpA

5.38%,

12/30/2030

(h)

275‌

274‌

Inversiones

Latin

America

Power

Ltda

5.13%,

06/15/2033

(h)

400‌

397‌

$

671‌

Engineering

&

Construction

-

0

.30

%

ATP

Tower

Holdings

LLC

/

Andean

Tower

Partners

Colombia

SAS

/

Andean

Telecom

Par

4.05%,

04/27/2026

(h)

350‌

359‌

Global

Infrastructure

Solutions

Inc

5.63%,

06/01/2029

(h)

515‌

529‌

MasTec

Inc

4.50%,

08/15/2028

(a),(h)

660‌

696‌

Mexico

City

Airport

Trust

4.25%,

10/31/2026

(h)

500‌

540‌

$

2,124‌

Entertainment

-

0

.34

%

Boyne

USA

Inc

4.75%,

05/15/2029

(h)

470‌

485‌

Caesars

Entertainment

Inc

6.25%,

07/01/2025

(h)

993‌

1,047‌

Schedule

of

Investments

Core

Plus

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

16

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Entertainment

(continued)

Scientific

Games

International

Inc

5.00%,

10/15/2025

(h)

$

680‌

$

698‌

8.63%,

07/01/2025

(h)

190‌

205‌

$

2,435‌

Environmental

Control

-

0

.06

%

Madison

IAQ

LLC

4.13%,

06/30/2028

(h)

445‌

446‌

Food

-

1

.22

%

Albertsons

Cos

Inc

/

Safeway

Inc

/

New

Albertsons

LP

/

Albertsons

LLC

3.50%,

02/15/2023

(h)

120‌

123‌

4.63%,

01/15/2027

(h)

525‌

556‌

5.88%,

02/15/2028

(h)

355‌

380‌

Cencosud

SA

4.38%,

07/17/2027

(h)

475‌

520‌

Fresh

Market

Inc/The

9.75%,

05/01/2023

(h)

315‌

324‌

JBS

Finance

Luxembourg

Sarl

3.63%,

01/15/2032

(h)

1,675‌

1,686‌

JBS

USA

Food

Co

7.00%,

01/15/2026

(h)

200‌

212‌

Kraft

Heinz

Foods

Co

3.75%,

04/01/2030

85‌

94‌

4.25%,

03/01/2031

495‌

571‌

4.38%,

06/01/2046

376‌

433‌

MARB

BondCo

PLC

3.95%,

01/29/2031

575‌

559‌

Minerva

Luxembourg

SA

4.38%,

03/18/2031

(h)

900‌

884‌

Pilgrim's

Pride

Corp

4.25%,

04/15/2031

(h)

740‌

787‌

Post

Holdings

Inc

4.50%,

09/15/2031

(h)

535‌

541‌

4.63%,

04/15/2030

(h)

215‌

219‌

Sigma

Alimentos

SA

de

CV

4.13%,

05/02/2026

(h)

725‌

795‌

$

8,684‌

Forest

Products

&

Paper

-

0

.17

%

Inversiones

CMPC

SA

3.85%,

01/13/2030

(h)

500‌

535‌

Mercer

International

Inc

5.13%,

02/01/2029

440‌

448‌

Suzano

Austria

GmbH

3.75%,

01/15/2031

195‌

203‌

$

1,186‌

Gas

-

0

.12

%

NiSource

Inc

0.95%,

08/15/2025

885‌

880‌

Healthcare

-

Products

-

0

.25

%

Boston

Scientific

Corp

3.45%,

03/01/2024

785‌

839‌

4.55%,

03/01/2039

605‌

751‌

4.70%,

03/01/2049

145‌

190‌

$

1,780‌

Healthcare

-

Services

-

1

.23

%

Centene

Corp

2.63%,

08/01/2031

(n)

2,885‌

2,907‌

3.00%,

10/15/2030

535‌

556‌

4.25%,

12/15/2027

405‌

427‌

CHS/Community

Health

Systems

Inc

5.63%,

03/15/2027

(h)

25‌

26‌

6.00%,

01/15/2029

(h)

190‌

202‌

8.00%,

03/15/2026

(h)

130‌

139‌

8.00%,

12/15/2027

(h)

500‌

553‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Healthcare

-

Services

(continued)

HCA

Inc

3.50%,

09/01/2030

$

765‌

$

831‌

3.50%,

07/15/2051

(a)

1,570‌

1,621‌

5.88%,

05/01/2023

330‌

357‌

Legacy

LifePoint

Health

LLC

6.75%,

04/15/2025

(h)

850‌

898‌

Tenet

Healthcare

Corp

4.63%,

09/01/2024

(h)

110‌

113‌

7.50%,

04/01/2025

(h)

115‌

124‌

$

8,754‌

Home

Builders

-

0

.43

%

Beazer

Homes

USA

Inc

6.75%,

03/15/2025

285‌

294‌

Empire

Communities

Corp

7.00%,

12/15/2025

(h)

535‌

564‌

Forestar

Group

Inc

3.85%,

05/15/2026

(h)

115‌

116‌

5.00%,

03/01/2028

(h)

755‌

787‌

KB

Home

7.63%,

05/15/2023

110‌

118‌

Lennar

Corp

4.75%,

05/30/2025

300‌

337‌

4.88%,

12/15/2023

125‌

136‌

LGI

Homes

Inc

4.00%,

07/15/2029

(h)

375‌

380‌

Picasso

Finance

Sub

Inc

6.13%,

06/15/2025

(h)

319‌

338‌

$

3,070‌

Home

Equity

Asset

Backed

Securities

-

0

.09

%

First

NLC

Trust

2005-1

0.58%,

05/25/2035

210‌

200‌

1.00

x

1

Month

USD

LIBOR

+

0.50%

Saxon

Asset

Securities

Trust

2004-1

1.78%,

03/25/2035

250‌

174‌

1.00

x

1

Month

USD

LIBOR

+

1.70%

Specialty

Underwriting

&

Residential

Finance

Trust

Series

2004-BC1

0.85%,

02/25/2035

288‌

287‌

1.00

x

1

Month

USD

LIBOR

+

0.77%

$

661‌

Home

Furnishings

-

0

.10

%

WASH

Multifamily

Acquisition

Inc

5.75%,

04/15/2026

(h)

695‌

727‌

Insurance

-

2

.00

%

Acrisure

LLC

/

Acrisure

Finance

Inc

4.25%,

02/15/2029

(h)

310‌

302‌

7.00%,

11/15/2025

(h)

225‌

228‌

AIA

Group

Ltd

3.20%,

09/16/2040

(h)

3,550‌

3,701‌

American

International

Group

Inc

3.90%,

04/01/2026

85‌

95‌

4.50%,

07/16/2044

288‌

360‌

Arch

Capital

Group

Ltd

3.64%,

06/30/2050

1,035‌

1,150‌

Arthur

J

Gallagher

&

Co

3.50%,

05/20/2051

810‌

885‌

Athene

Holding

Ltd

3.95%,

05/25/2051

930‌

1,061‌

Berkshire

Hathaway

Finance

Corp

1.45%,

10/15/2030

2,695‌

2,667‌

Markel

Corp

3.35%,

09/17/2029

65‌

72‌

4.30%,

11/01/2047

350‌

422‌

Pricoa

Global

Funding

I

3.45%,

09/01/2023

(h)

1,275‌

1,357‌

Schedule

of

Investments

Core

Plus

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

17

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Insurance

(continued)

XLIT

Ltd

4.45%,

03/31/2025

$

1,780‌

$

2,003‌

$

14,303‌

Internet

-

1

.78

%

Alibaba

Group

Holding

Ltd

2.13%,

02/09/2031

200‌

198‌

2.70%,

02/09/2041

1,375‌

1,321‌

Alphabet

Inc

1.90%,

08/15/2040

1,010‌

937‌

2.05%,

08/15/2050

1,165‌

1,055‌

Amazon.com

Inc

2.70%,

06/03/2060

1,150‌

1,129‌

B2W

Digital

Lux

Sarl

4.38%,

12/20/2030

(h)

250‌

250‌

Baidu

Inc

3.08%,

04/07/2025

300‌

319‌

4.38%,

05/14/2024

375‌

408‌

eBay

Inc

3.65%,

05/10/2051

3,165‌

3,482‌

Expedia

Group

Inc

3.60%,

12/15/2023

495‌

526‌

Netflix

Inc

4.38%,

11/15/2026

1,230‌

1,395‌

4.88%,

06/15/2030

(h)

305‌

367‌

Prosus

NV

3.68%,

01/21/2030

(h)

325‌

342‌

Tencent

Holdings

Ltd

3.80%,

02/11/2025

(h)

250‌

272‌

3.98%,

04/11/2029

(h)

350‌

392‌

Uber

Technologies

Inc

7.50%,

09/15/2027

(h)

290‌

317‌

$

12,710‌

Investment

Companies

-

0

.09

%

Compass

Group

Diversified

Holdings

LLC

5.25%,

04/15/2029

(h)

530‌

550‌

Icahn

Enterprises

LP

/

Icahn

Enterprises

Finance

Corp

4.75%,

09/15/2024

105‌

109‌

$

659‌

Iron

&

Steel

-

1

.09

%

Cleveland-Cliffs

Inc

6.75%,

03/15/2026

(h)

770‌

831‌

CSN

Inova

Ventures

6.75%,

01/28/2028

(h)

485‌

535‌

CSN

Resources

SA

4.63%,

06/10/2031

(h)

1,075‌

1,112‌

Evraz

PLC

5.25%,

04/02/2024

(h)

550‌

591‌

Nucor

Corp

2.00%,

06/01/2025

220‌

229‌

Steel

Dynamics

Inc

2.40%,

06/15/2025

350‌

367‌

2.80%,

12/15/2024

2,050‌

2,166‌

Vale

Overseas

Ltd

3.75%,

07/08/2030

1,845‌

1,974‌

$

7,805‌

Leisure

Products

&

Services

-

0

.23

%

Life

Time

Inc

5.75%,

01/15/2026

(h)

865‌

880‌

NCL

Corp

Ltd

3.63%,

12/15/2024

(h)

85‌

81‌

10.25%,

02/01/2026

(h)

105‌

120‌

12.25%,

05/15/2024

(h)

505‌

596‌

$

1,677‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Lodging

-

0

.47

%

Hilton

Domestic

Operating

Co

Inc

5.38%,

05/01/2025

(h)

$

25‌

$

26‌

5.75%,

05/01/2028

(h)

648‌

697‌

Marriott

International

Inc/MD

2.85%,

04/15/2031

1,615‌

1,654‌

3.60%,

04/15/2024

695‌

741‌

MGM

Resorts

International

6.00%,

03/15/2023

215‌

227‌

$

3,345‌

Machinery

-

Diversified

-

0

.12

%

Maxim

Crane

Works

Holdings

Capital

LLC

10.13%,

08/01/2024

(h)

475‌

488‌

Westinghouse

Air

Brake

Technologies

Corp

3.20%,

06/15/2025

355‌

379‌

$

867‌

Media

-

2

.72

%

AMC

Networks

Inc

4.75%,

08/01/2025

771‌

790‌

Cable

Onda

SA

4.50%,

01/30/2030

(h)

200‌

211‌

4.50%,

01/30/2030

250‌

264‌

CCO

Holdings

LLC

/

CCO

Holdings

Capital

Corp

4.50%,

08/15/2030

(h)

1,314‌

1,380‌

5.38%,

06/01/2029

(h)

120‌

131‌

Charter

Communications

Operating

LLC

/

Charter

Communications

Operating

Capital

3.50%,

06/01/2041

1,170‌

1,194‌

3.70%,

04/01/2051

415‌

420‌

3.75%,

02/15/2028

1,490‌

1,657‌

3.90%,

06/01/2052

1,100‌

1,140‌

4.46%,

07/23/2022

1,445‌

1,492‌

4.80%,

03/01/2050

440‌

516‌

4.91%,

07/23/2025

485‌

551‌

6.48%,

10/23/2045

200‌

281‌

Comcast

Corp

4.60%,

10/15/2038

1,240‌

1,560‌

CSC

Holdings

LLC

6.50%,

02/01/2029

(h)

540‌

596‌

DIRECTV

Holdings

LLC

/

DIRECTV

Financing

Co

Inc

5.88%,

08/15/2027

(h),(n)

135‌

140‌

DISH

DBS

Corp

5.88%,

11/15/2024

190‌

205‌

7.38%,

07/01/2028

720‌

779‌

LCPR

Senior

Secured

Financing

DAC

5.13%,

07/15/2029

(h)

740‌

757‌

Sirius

XM

Radio

Inc

4.00%,

07/15/2028

(h)

755‌

779‌

Time

Warner

Cable

LLC

5.50%,

09/01/2041

735‌

929‌

5.88%,

11/15/2040

780‌

1,020‌

UPC

Holding

BV

5.50%,

01/15/2028

(h)

790‌

831‌

ViacomCBS

Inc

4.75%,

05/15/2025

235‌

266‌

Walt

Disney

Co/The

2.65%,

01/13/2031

65‌

69‌

3.50%,

05/13/2040

660‌

745‌

Ziggo

Bond

Co

BV

6.00%,

01/15/2027

(h)

700‌

729‌

$

19,432‌

Mining

-

0

.69

%

Corp

Nacional

del

Cobre

de

Chile

3.75%,

01/15/2031

(h)

450‌

491‌

First

Quantum

Minerals

Ltd

7.25%,

04/01/2023

(h)

200‌

204‌

Schedule

of

Investments

Core

Plus

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

18

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Mining

(continued)

FMG

Resources

August

2006

Pty

Ltd

5.13%,

05/15/2024

(h)

$

145‌

$

157‌

Freeport-McMoRan

Inc

4.25%,

03/01/2030

175‌

189‌

4.63%,

08/01/2030

110‌

121‌

Glencore

Funding

LLC

3.00%,

10/27/2022

(h)

800‌

822‌

Gold

Fields

Orogen

Holdings

BVI

Ltd

6.13%,

05/15/2029

(h)

300‌

355‌

Hudbay

Minerals

Inc

4.50%,

04/01/2026

(h)

215‌

219‌

6.13%,

04/01/2029

(h)

135‌

145‌

IAMGOLD

Corp

5.75%,

10/15/2028

(h)

600‌

616‌

Indonesia

Asahan

Aluminium

Persero

PT

6.53%,

11/15/2028

(h)

300‌

366‌

Novelis

Corp

3.88%,

08/15/2031

(h),(n)

350‌

354‌

4.75%,

01/30/2030

(h)

648‌

690‌

5.88%,

09/30/2026

(h)

175‌

181‌

$

4,910‌

Mortgage

Backed

Securities

-

2

.29

%

Fannie

Mae

REMIC

Trust

2005-W2

0.29%,

05/25/2035

68‌

68‌

1.00

x

1

Month

USD

LIBOR

+

0.20%

Fannie

Mae

REMICS

2.25%,

07/25/2040

45‌

47‌

3.00%,

04/25/2027

(l)

1,278‌

74‌

3.00%,

09/25/2050

(l)

3,011‌

458‌

3.50%,

09/25/2027

(l)

2,033‌

145‌

3.50%,

11/25/2027

(l)

557‌

36‌

3.50%,

05/25/2028

(l)

578‌

31‌

3.50%,

03/25/2031

(l)

836‌

18‌

4.00%,

04/25/2043

(l)

364‌

35‌

6.41%,

12/25/2021

(l)

1‌

—‌

(1.00)

x

1

Month

USD

LIBOR

+

6.50%

6.41%,

03/25/2022

(l)

5‌

—‌

(1.00)

x

1

Month

USD

LIBOR

+

6.50%

Freddie

Mac

REMICS

0.54%,

05/15/2049

4,228‌

4,246‌

1.00

x

1

Month

USD

LIBOR

+

0.45%

2.00%,

02/15/2036

232‌

239‌

3.00%,

05/15/2027

(l)

1,156‌

60‌

3.00%,

10/15/2027

(l)

383‌

23‌

3.00%,

02/15/2029

(l)

1,990‌

102‌

3.50%,

02/15/2028

(l)

1,258‌

81‌

3.50%,

01/15/2040

(l)

1,189‌

49‌

3.50%,

03/15/2041

(l)

1,693‌

98‌

6.56%,

05/15/2026

(l)

765‌

55‌

(1.00)

x

1

Month

USD

LIBOR

+

6.65%

6.66%,

09/15/2034

(l)

38‌

1‌

(1.00)

x

1

Month

USD

LIBOR

+

6.75%

Ginnie

Mae

2.00%,

12/20/2050

(l)

2,900‌

330‌

2.50%,

10/20/2050

(l)

1,696‌

206‌

2.50%,

12/20/2050

(l)

3,287‌

448‌

3.00%,

07/20/2050

(l)

989‌

115‌

3.00%,

10/20/2050

(l)

2,920‌

390‌

3.00%,

11/20/2050

(l)

3,743‌

482‌

3.00%,

11/20/2050

(l)

3,663‌

448‌

3.00%,

11/20/2050

(l)

2,324‌

274‌

3.50%,

02/20/2040

(l)

1,204‌

42‌

3.50%,

01/20/2043

(l)

2,972‌

518‌

3.50%,

10/20/2049

(l)

1,461‌

180‌

4.00%,

03/16/2039

(l)

1,071‌

54‌

4.00%,

09/20/2040

(l)

1,227‌

99‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Mortgage

Backed

Securities

(continued)

Ginnie

Mae  

(continued)

4.50%,

05/16/2043

(l)

$

1,289‌

$

203‌

5.97%,

11/20/2040

(l)

1,861‌

410‌

(1.00)

x

1

Month

USD

LIBOR

+

6.05%

5.97%,

05/20/2046

(l)

444‌

100‌

(1.00)

x

1

Month

USD

LIBOR

+

6.05%

6.07%,

08/20/2044

(l)

1,690‌

332‌

(1.00)

x

1

Month

USD

LIBOR

+

6.15%

6.07%,

03/20/2047

(l)

2,278‌

457‌

(1.00)

x

1

Month

USD

LIBOR

+

6.15%

6.12%,

08/20/2047

(l)

860‌

186‌

(1.00)

x

1

Month

USD

LIBOR

+

6.20%

6.12%,

08/20/2047

(l)

4,965‌

1,414‌

(1.00)

x

1

Month

USD

LIBOR

+

6.20%

6.12%,

08/20/2047

(l)

2,279‌

541‌

(1.00)

x

1

Month

USD

LIBOR

+

6.20%

6.17%,

10/20/2047

(l)

1,974‌

433‌

(1.00)

x

1

Month

USD

LIBOR

+

6.25%

7.00%,

04/20/2041

(l)

835‌

171‌

(1.10)

x

1

Month

USD

LIBOR

+

7.10%

JP

Morgan

Mortgage

Trust

2016-2

2.68%,

06/25/2046

(h),(k)

2,594‌

2,609‌

Merrill

Lynch

Mortgage

Investors

Trust

Series

2005-A8

0.79%,

08/25/2036

28‌

28‌

1.00

x

1

Month

USD

LIBOR

+

0.70%

$

16,336‌

Office

&

Business

Equipment

-

0

.02

%

Xerox

Corp

4.38%,

03/15/2023

120‌

125‌

Oil

&

Gas

-

2

.93

%

Aethon

United

BR

LP

/

Aethon

United

Finance

Corp

8.25%,

02/15/2026

(h)

1,195‌

1,278‌

Antero

Resources

Corp

5.00%,

03/01/2025

160‌

163‌

7.63%,

02/01/2029

(h)

665‌

729‌

Ascent

Resources

Utica

Holdings

LLC

/

ARU

Finance

Corp

7.00%,

11/01/2026

(h)

860‌

888‌

Continental

Resources

Inc/OK

3.80%,

06/01/2024

1,278‌

1,340‌

CrownRock

LP

/

CrownRock

Finance

Inc

5.00%,

05/01/2029

(h)

285‌

297‌

5.63%,

10/15/2025

(h)

675‌

692‌

Devon

Energy

Corp

5.25%,

09/15/2024

(h)

130‌

145‌

Ecopetrol

SA

6.88%,

04/29/2030

855‌

1,032‌

Endeavor

Energy

Resources

LP

/

EER

Finance

Inc

5.50%,

01/30/2026

(h)

155‌

160‌

Leviathan

Bond

Ltd

5.75%,

06/30/2023

(h)

375‌

391‌

Marathon

Oil

Corp

4.40%,

07/15/2027

370‌

422‌

6.60%,

10/01/2037

555‌

733‌

MEG

Energy

Corp

5.88%,

02/01/2029

(h)

130‌

134‌

6.50%,

01/15/2025

(h)

435‌

449‌

7.13%,

02/01/2027

(h)

135‌

142‌

Mesquite

Energy

Corp

-

Escrow

0.00%,

02/15/2023

(e)

115‌

3‌

Oasis

Petroleum

Inc

6.38%,

06/01/2026

(h)

850‌

880‌

Schedule

of

Investments

Core

Plus

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

19

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Oil

&

Gas

(continued)

Occidental

Petroleum

Corp

3.40%,

04/15/2026

$

530‌

$

535‌

4.40%,

04/15/2046

325‌

319‌

5.55%,

03/15/2026

240‌

263‌

5.88%,

09/01/2025

1,010‌

1,120‌

6.13%,

01/01/2031

115‌

136‌

6.63%,

09/01/2030

115‌

140‌

Petrobras

Global

Finance

BV

5.09%,

01/15/2030

575‌

623‌

5.50%,

06/10/2051

750‌

738‌

5.60%,

01/03/2031

1,045‌

1,163‌

Petroleos

Mexicanos

4.50%,

01/23/2026

100‌

101‌

6.50%,

01/23/2029

1,860‌

1,930‌

Petronas

Capital

Ltd

3.50%,

04/21/2030

(h)

200‌

219‌

Qatar

Petroleum

2.25%,

07/12/2031

(h)

450‌

455‌

Saudi

Arabian

Oil

Co

3.25%,

11/24/2050

(h)

500‌

489‌

Shelf

Drilling

Holdings

Ltd

8.88%,

11/15/2024

(h)

80‌

82‌

Sinopec

Group

Overseas

Development

2017

Ltd

2.50%,

09/13/2022

(h)

500‌

510‌

Southwestern

Energy

Co

7.75%,

10/01/2027

455‌

488‌

Tengizchevroil

Finance

Co

International

Ltd

4.00%,

08/15/2026

(h)

275‌

298‌

Tullow

Oil

PLC

10.25%,

05/15/2026

(h)

200‌

208‌

Valero

Energy

Corp

2.85%,

04/15/2025

1,200‌

1,273‌

$

20,968‌

Other

Asset

Backed

Securities

-

0

.91

%

Chase

Funding

Trust

Series

2003-5

0.69%,

07/25/2033

612‌

591‌

1.00

x

1

Month

USD

LIBOR

+

0.60%

Chase

Funding

Trust

Series

2004-1

0.55%,

12/25/2033

19‌

18‌

1.00

x

1

Month

USD

LIBOR

+

0.46%

Dell

Equipment

Finance

Trust

2020-2

0.47%,

10/24/2022

(h)

1,583‌

1,585‌

Dell

Equipment

Finance

Trust

2021-1

0.33%,

05/22/2026

(h)

2,325‌

2,327‌

John

Deere

Owner

Trust

2020-B

0.41%,

03/15/2023

372‌

372‌

Verizon

Owner

Trust

2018-A

3.23%,

04/20/2023

410‌

412‌

Volvo

Financial

Equipment

LLC

0.37%,

04/17/2023

(h)

1,168‌

1,169‌

$

6,474‌

Packaging

&

Containers

-

0

.39

%

Amcor

Flexibles

North

America

Inc

2.63%,

06/19/2030

430‌

448‌

Ardagh

Packaging

Finance

PLC

/

Ardagh

Holdings

USA

Inc

4.13%,

08/15/2026

(h)

390‌

403‌

5.25%,

08/15/2027

(h)

285‌

291‌

CANPACK

SA

/

Eastern

PA

Land

Investment

Holding

LLC

3.13%,

11/01/2025

(h)

200‌

203‌

Crown

Cork

&

Seal

Co

Inc

7.38%,

12/15/2026

905‌

1,112‌

Sealed

Air

Corp

4.88%,

12/01/2022

(h)

190‌

197‌

5.50%,

09/15/2025

(h)

105‌

117‌

$

2,771‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pharmaceuticals

-

1

.84

%

AbbVie

Inc

3.75%,

11/14/2023

$

2,500‌

$

2,677‌

Bausch

Health

Americas

Inc

8.50%,

01/31/2027

(h)

370‌

400‌

Bausch

Health

Cos

Inc

5.50%,

11/01/2025

(h)

100‌

102‌

Becton

Dickinson

and

Co

3.36%,

06/06/2024

690‌

739‌

3.70%,

06/06/2027

504‌

563‌

Bristol-Myers

Squibb

Co

4.13%,

06/15/2039

800‌

986‌

Cigna

Corp

3.40%,

03/15/2051

940‌

1,014‌

4.90%,

12/15/2048

165‌

219‌

CVS

Health

Corp

4.30%,

03/25/2028

251‌

291‌

4.88%,

07/20/2035

570‌

710‌

5.05%,

03/25/2048

2,275‌

3,031‌

Jazz

Securities

DAC

4.38%,

01/15/2029

(h)

285‌

297‌

Viatris

Inc

1.65%,

06/22/2025

(h)

175‌

178‌

Zoetis

Inc

3.25%,

02/01/2023

545‌

564‌

4.45%,

08/20/2048

1,035‌

1,357‌

$

13,128‌

Pipelines

-

2

.64

%

Abu

Dhabi

Crude

Oil

Pipeline

LLC

3.65%,

11/02/2029

(h)

300‌

335‌

Antero

Midstream

Partners

LP

/

Antero

Midstream

Finance

Corp

5.38%,

06/15/2029

(h)

475‌

488‌

5.75%,

03/01/2027

(h)

425‌

438‌

Crestwood

Midstream

Partners

LP

/

Crestwood

Midstream

Finance

Corp

5.63%,

05/01/2027

(h)

980‌

1,002‌

DT

Midstream

Inc

4.13%,

06/15/2029

(h)

490‌

503‌

Enbridge

Inc

3.40%,

08/01/2051

1,700‌

1,753‌

Energy

Transfer

LP

3.75%,

05/15/2030

840‌

916‌

4.50%,

04/15/2024

1,325‌

1,442‌

5.15%,

03/15/2045

1,625‌

1,892‌

EnLink

Midstream

LLC

5.63%,

01/15/2028

(h)

865‌

915‌

Enterprise

Products

Operating

LLC

3.95%,

01/31/2060

185‌

208‌

4.20%,

01/31/2050

1,695‌

1,994‌

5.38%,

02/15/2078

(i)

460‌

475‌

3

Month

USD

LIBOR

+

2.57%

EQM

Midstream

Partners

LP

6.00%,

07/01/2025

(h)

185‌

201‌

Galaxy

Pipeline

Assets

Bidco

Ltd

1.75%,

09/30/2027

(h)

350‌

354‌

2.16%,

03/31/2034

(h)

300‌

297‌

Kinder

Morgan

Inc

3.60%,

02/15/2051

1,110‌

1,160‌

NuStar

Logistics

LP

5.75%,

10/01/2025

150‌

163‌

Sabine

Pass

Liquefaction

LLC

4.20%,

03/15/2028

465‌

527‌

5.00%,

03/15/2027

275‌

321‌

5.75%,

05/15/2024

1,225‌

1,372‌

Targa

Resources

Partners

LP

/

Targa

Resources

Partners

Finance

Corp

5.88%,

04/15/2026

325‌

340‌

6.50%,

07/15/2027

366‌

398‌

Schedule

of

Investments

Core

Plus

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

20

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pipelines

(continued)

Williams

Cos

Inc/The

4.55%,

06/24/2024

$

1,225‌

$

1,347‌

$

18,841‌

REITs

-

0

.96

%

American

Tower

Corp

1.30%,

09/15/2025

445‌

449‌

Cibanco

SA

Ibm

/

PLA

Administradora

Industrial

S

de

RL

de

CV

4.96%,

07/18/2029

(h)

500‌

552‌

Crown

Castle

International

Corp

2.90%,

04/01/2041

1,055‌

1,041‌

CyrusOne

LP

/

CyrusOne

Finance

Corp

2.90%,

11/15/2024

585‌

617‌

HAT

Holdings

I

LLC

/

HAT

Holdings

II

LLC

3.75%,

09/15/2030

(h)

413‌

411‌

6.00%,

04/15/2025

(h)

530‌

557‌

Ladder

Capital

Finance

Holdings

LLLP

/

Ladder

Capital

Finance

Corp

4.75%,

06/15/2029

(h)

645‌

643‌

Park

Intermediate

Holdings

LLC

/

PK

Domestic

Property

LLC

/

PK

Finance

Co-Issuer

4.88%,

05/15/2029

(h)

130‌

133‌

5.88%,

10/01/2028

(h)

45‌

48‌

7.50%,

06/01/2025

(h)

110‌

119‌

RLJ

Lodging

Trust

LP

3.75%,

07/01/2026

(h)

850‌

861‌

VICI

Properties

LP

/

VICI

Note

Co

Inc

3.50%,

02/15/2025

(h)

230‌

234‌

4.13%,

08/15/2030

(h)

667‌

702‌

XHR

LP

4.88%,

06/01/2029

(h)

471‌

481‌

$

6,848‌

Retail

-

0

.51

%

Ambience

Merger

Sub

Inc

4.88%,

07/15/2028

(h)

420‌

422‌

Falabella

SA

3.75%,

04/30/2023

(h)

400‌

417‌

Gap

Inc/The

8.38%,

05/15/2023

(h)

174‌

194‌

IRB

Holding

Corp

6.75%,

02/15/2026

(h)

35‌

36‌

7.00%,

06/15/2025

(h)

30‌

32‌

L

Brands

Inc

5.25%,

02/01/2028

225‌

253‌

6.63%,

10/01/2030

(h)

340‌

392‌

9.38%,

07/01/2025

(h)

280‌

363‌

LSF9

Atlantis

Holdings

LLC

/

Victra

Finance

Corp

7.75%,

02/15/2026

(h)

650‌

679‌

Macy's

Retail

Holdings

LLC

2.88%,

02/15/2023

90‌

91‌

PetSmart

Inc

/

PetSmart

Finance

Corp

4.75%,

02/15/2028

(h)

715‌

742‌

$

3,621‌

Semiconductors

-

0

.76

%

Applied

Materials

Inc

1.75%,

06/01/2030

1,000‌

1,005‌

2.75%,

06/01/2050

295‌

300‌

Broadcom

Inc

3.15%,

11/15/2025

140‌

151‌

3.42%,

04/15/2033

(h)

1,905‌

2,032‌

NVIDIA

Corp

3.50%,

04/01/2050

745‌

860‌

NXP

BV

/

NXP

Funding

LLC

4.63%,

06/01/2023

(h)

500‌

535‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Semiconductors

(continued)

NXP

BV

/

NXP

Funding

LLC

/

NXP

USA

Inc

2.70%,

05/01/2025

(h)

$

135‌

$

143‌

3.15%,

05/01/2027

(h)

140‌

151‌

Skyworks

Solutions

Inc

1.80%,

06/01/2026

235‌

239‌

$

5,416‌

Software

-

1

.90

%

Activision

Blizzard

Inc

2.50%,

09/15/2050

2,690‌

2,456‌

3.40%,

09/15/2026

1,000‌

1,108‌

Adobe

Inc

2.30%,

02/01/2030

4,170‌

4,384‌

Fiserv

Inc

4.40%,

07/01/2049

925‌

1,140‌

Open

Text

Corp

3.88%,

02/15/2028

(h)

275‌

284‌

5.88%,

06/01/2026

(h)

405‌

418‌

Oracle

Corp

2.50%,

04/01/2025

270‌

284‌

2.80%,

04/01/2027

525‌

561‌

3.95%,

03/25/2051

670‌

745‌

salesforce.com

Inc

3.05%,

07/15/2061

1,555‌

1,619‌

3.70%,

04/11/2028

505‌

578‌

$

13,577‌

Sovereign

-

2

.39

%

Brazilian

Government

International

Bond

3.88%,

06/12/2030

600‌

606‌

Chile

Government

International

Bond

2.55%,

07/27/2033

200‌

204‌

CoBank

ACB

6.25%,

10/01/2026

(g),(i)

670‌

750‌

3

Month

USD

LIBOR

+

4.66%

Colombia

Government

International

Bond

3.13%,

04/15/2031

750‌

735‌

Dominican

Republic

International

Bond

4.88%,

09/23/2032

(h)

750‌

778‌

5.30%,

01/21/2041

(h)

500‌

507‌

Egypt

Government

International

Bond

5.25%,

10/06/2025

(h)

650‌

682‌

8.50%,

01/31/2047

300‌

310‌

Ghana

Government

International

Bond

7.75%,

04/07/2029

(h)

750‌

755‌

Guatemala

Government

Bond

4.50%,

05/03/2026

550‌

599‌

Indonesia

Government

International

Bond

5.38%,

10/17/2023

(h)

800‌

884‌

Istanbul

Metropolitan

Municipality

6.38%,

12/09/2025

(h)

400‌

398‌

Jamaica

Government

International

Bond

7.88%,

07/28/2045

300‌

418‌

Mexico

Government

International

Bond

4.75%,

03/08/2044

520‌

577‌

5.00%,

04/27/2051

335‌

384‌

Morocco

Government

International

Bond

4.25%,

12/11/2022

390‌

409‌

Oman

Government

International

Bond

6.25%,

01/25/2031

(h)

320‌

346‌

Pakistan

Government

International

Bond

6.00%,

04/08/2026

(h)

450‌

453‌

Panama

Government

International

Bond

3.88%,

03/17/2028

200‌

220‌

Peruvian

Government

International

Bond

2.78%,

12/01/2060

300‌

258‌

Qatar

Government

International

Bond

4.63%,

06/02/2046

500‌

630‌

Schedule

of

Investments

Core

Plus

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

21

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Sovereign

(continued)

Russian

Foreign

Bond

-

Eurobond

5.10%,

03/28/2035

(h)

$

1,200‌

$

1,447‌

Saudi

Government

International

Bond

4.00%,

04/17/2025

(h)

725‌

800‌

4.50%,

10/26/2046

1,050‌

1,232‌

Turkey

Government

International

Bond

5.88%,

06/26/2031

250‌

244‌

6.35%,

08/10/2024

455‌

478‌

6.38%,

10/14/2025

650‌

682‌

Ukraine

Government

International

Bond

7.25%,

03/15/2033

(h)

550‌

567‌

9.75%,

11/01/2028

(h)

375‌

446‌

Uruguay

Government

International

Bond

5.10%,

06/18/2050

220‌

288‌

$

17,087‌

Student

Loan

Asset

Backed

Securities

-

0

.05

%

SMB

Private

Education

Loan

Trust

2020-A

0.39%,

03/15/2027

(h)

369‌

369‌

1.00

x

1

Month

USD

LIBOR

+

0.30%

Telecommunications

-

2

.28

%

AT&T

Inc

2.75%,

06/01/2031

315‌

332‌

3.10%,

02/01/2043

370‌

370‌

3.50%,

06/01/2041

500‌

531‌

3.50%,

09/15/2053

(h)

3,393‌

3,507‌

4.05%,

12/15/2023

535‌

579‌

Axtel

SAB

de

CV

6.38%,

11/14/2024

325‌

337‌

CommScope

Inc

8.25%,

03/01/2027

(h)

885‌

937‌

DKT

Finance

ApS

9.38%,

06/17/2023

(h)

200‌

204‌

Embarq

Corp

8.00%,

06/01/2036

397‌

445‌

Lumen

Technologies

Inc

4.00%,

02/15/2027

(h)

30‌

31‌

Millicom

International

Cellular

SA

4.50%,

04/27/2031

(h)

250‌

260‌

Sprint

Communications

Inc

6.00%,

11/15/2022

150‌

159‌

Sprint

Corp

7.25%,

09/15/2021

40‌

40‌

7.63%,

03/01/2026

297‌

363‌

7.88%,

09/15/2023

125‌

141‌

Telecom

Italia

Capital

SA

6.38%,

11/15/2033

90‌

106‌

Telecom

Italia

SpA/Milano

5.30%,

05/30/2024

(h)

235‌

255‌

T-Mobile

USA

Inc

3.50%,

04/15/2025

715‌

776‌

4.00%,

04/15/2022

260‌

264‌

VEON

Holdings

BV

3.38%,

11/25/2027

(h)

875‌

882‌

Verizon

Communications

Inc

2.88%,

11/20/2050

1,460‌

1,421‌

3.55%,

03/22/2051

3,050‌

3,318‌

VTR

Comunicaciones

SpA

5.13%,

01/15/2028

(h)

736‌

768‌

Zayo

Group

Holdings

Inc

4.00%,

03/01/2027

(h)

300‌

299‌

$

16,325‌

Textiles

-

0

.01

%

Delta

Merlin

Dunia

Tekstil

PT

0.00%,

06/26/2032

(e)

500‌

26‌

2.50%,

06/26/2028

(k)

500‌

71‌

$

97‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Transportation

-

0

.04

%

Eletson

Holdings

Inc

/

Eletson

Finance

US

LLC

/

Agathonissos

Finance

LLC

0.00%,

01/15/2022

(e),(f)

$

1,749‌

$

157‌

Navios

South

American

Logistics

Inc

/

Navios

Logistics

Finance

US

Inc

10.75%,

07/01/2025

(h)

125‌

136‌

$

293‌

Trucking

&

Leasing

-

0

.02

%

DAE

Funding

LLC

4.50%,

08/01/2022

(h)

130‌

130‌

TOTAL

BONDS

$

429,483‌

SENIOR

FLOATING

RATE

INTERESTS

-

1

.47

%

Principal

Amount

(000's)

Value

(000's)

Airlines

-

0

.18

%

AAdvantage

Loyalty

IP

Ltd

5.50%,

03/10/2028

(o)

$

645‌

$

662‌

1

Month

USD

LIBOR

+

4.75%

United

Airlines

Inc

4.50%,

04/14/2028

(o)

648‌

649‌

1

Month

USD

LIBOR

+

3.75%

$

1,311‌

Commercial

Services

-

0

.10

%

Garda

World

Security

Corp

4.34%,

10/30/2026

(o)

709‌

707‌

1

Month

USD

LIBOR

+

4.25%

Consumer

Products

-

0

.09

%

Kronos

Acquisition

Holdings

Inc

4.25%,

12/22/2026

(o)

662‌

654‌

1

Month

USD

LIBOR

+

3.75%

Diversified

Financial

Services

-

0

.17

%

Russell

Investments

US

Institutional

Holdco

Inc

4.50%,

06/02/2025

(o)

1,222‌

1,217‌

1

Month

USD

LIBOR

+

3.00%

Electronics

-

0

.02

%

Ingram

Micro

Inc

4.00%,

06/30/2028

(o)

120‌

120‌

1

Month

USD

LIBOR

+

3.50%

Entertainment

-

0

.18

%

CCM

Merger

Inc

4.50%,

10/29/2025

(o)

617‌

617‌

1

Month

USD

LIBOR

+

3.75%

Enterprise

Development

Authority/The

5.00%,

02/18/2028

(o)

568‌

568‌

1

Month

USD

LIBOR

+

4.25%

Lions

Gate

Capital

Holdings

LLC

2.34%,

03/24/2025

(o)

123‌

121‌

3

Month

USD

LIBOR

+

2.00%

$

1,306‌

Environmental

Control

-

0

.02

%

Madison

IAQ

LLC

3.75%,

06/21/2028

(o)

150‌

149‌

1

Month

USD

LIBOR

+

3.25%

Food

-

0

.02

%

Bellring

Brands

LLC

4.75%,

10/21/2024

(o)

115‌

115‌

1

Month

USD

LIBOR

+

4.00%

Insurance

-

0

.16

%

Acrisure

LLC

3.61%,

02/15/2027

(o)

423‌

415‌

1

Month

USD

LIBOR

+

3.50%

AssuredPartners

Inc

4.00%,

02/12/2027

(o)

351‌

350‌

1

Month

USD

LIBOR

+

3.50%

Schedule

of

Investments

Core

Plus

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

22

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Insurance

(continued)

Asurion

LLC

3.09%,

11/03/2023

(o)

$

116‌

$

114‌

1

Month

USD

LIBOR

+

7.25%

5.34%,

01/29/2028

(o)

270‌

269‌

1

Month

USD

LIBOR

+

5.25%

$

1,148‌

Lodging

-

0

.03

%

Golden

Nugget

LLC

3.25%,

10/04/2023

(o)

258‌

255‌

1

Month

USD

LIBOR

+

2.50%

Media

-

0

.08

%

CSC

Holdings

LLC

2.59%,

04/15/2027

(o)

191‌

188‌

1

Month

USD

LIBOR

+

2.50%

Directv

Financing

LLC

0.00%,

07/22/2027

(o),(p)

395‌

394‌

1

Month

USD

LIBOR

+

5.00%

$

582‌

Oil

&

Gas

-

0

.01

%

Ascent

Resources

Utica

Holdings

LLC

10.00%,

11/01/2025

(o)

47‌

51‌

1

Month

USD

LIBOR

+

9.00%

Pharmaceuticals

-

0

.15

%

Bausch

Health

Americas

Inc

3.09%,

05/19/2025

(o)

605‌

600‌

3

Month

USD

LIBOR

+

7.50%

Endo

Luxembourg

Finance

Co

I

Sarl

5.75%,

03/27/2028

(o)

79‌

77‌

1

Month

USD

LIBOR

+

5.00%

Jazz

Financing

Lux

Sarl

4.00%,

04/21/2028

(o)

415‌

415‌

1

Month

USD

LIBOR

+

3.50%

$

1,092‌

Retail

-

0

.17

%

Ambience

Merger

Sub

Inc

0.00%,

06/24/2028

(o),(p)

340‌

340‌

1

Month

USD

LIBOR

+

4.25%

IRB

Holding

Corp

3.75%,

02/05/2025

(o)

706‌

702‌

1

Month

USD

LIBOR

+

2.75%

4.25%,

11/19/2027

(o)

169‌

168‌

1

Month

USD

LIBOR

+

3.25%

$

1,210‌

Telecommunications

-

0

.09

%

Level

3

Financing

Inc

1.82%,

03/01/2027

(o)

195‌

191‌

1

Month

USD

LIBOR

+

1.75%

Zayo

Group

Holdings

Inc

3.09%,

03/09/2027

(o)

449‌

441‌

1

Month

USD

LIBOR

+

3.00%

$

632‌

TOTAL

SENIOR

FLOATING

RATE

INTERESTS

$

10,549‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

-

33

.82

%

Principal

Amount

(000's)

Value

(000's)

Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

-

2

.16

%

2.49%,

01/01/2034

$

37‌

$

37‌

1.00

x

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

1

Year

+

2.37%

3.00%,

01/01/2043

1,910‌

2,065‌

3.00%,

02/01/2043

834‌

899‌

3.00%,

03/01/2043

345‌

377‌

4.00%,

02/01/2046

4,645‌

5,074‌

4.50%,

04/01/2031

434‌

474‌

4.50%,

04/01/2041

3,055‌

3,416‌

5.00%,

06/01/2031

299‌

334‌

5.50%,

08/01/2023

53‌

54‌

5.50%,

05/01/2033

32‌

37‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

(continued)

5.50%,

10/01/2033

$

37‌

$

41‌

5.50%,

12/01/2033

470‌

539‌

5.50%,

11/01/2036

437‌

502‌

5.50%,

04/01/2038

127‌

146‌

5.50%,

08/01/2038

231‌

269‌

6.00%,

07/01/2023

25‌

28‌

6.00%,

06/01/2028

1‌

2‌

6.00%,

12/01/2031

15‌

18‌

6.00%,

12/01/2032

15‌

18‌

6.00%,

02/01/2033

88‌

99‌

6.00%,

12/01/2033

24‌

29‌

6.00%,

10/01/2036

122‌

146‌

6.00%,

01/01/2038

11‌

12‌

6.00%,

07/01/2038

540‌

632‌

6.50%,

03/01/2029

3‌

3‌

6.50%,

05/01/2029

4‌

5‌

6.50%,

04/01/2031

2‌

2‌

6.50%,

09/01/2031

2‌

2‌

6.50%,

02/01/2032

1‌

1‌

6.50%,

05/01/2032

5‌

6‌

6.50%,

04/01/2035

47‌

56‌

6.50%,

10/01/2035

38‌

45‌

7.00%,

12/01/2029

2‌

3‌

7.00%,

06/01/2030

9‌

10‌

7.00%,

12/01/2030

3‌

3‌

7.00%,

09/01/2031

1‌

1‌

7.50%,

09/01/2030

1‌

1‌

7.50%,

01/01/2031

4‌

5‌

7.50%,

03/01/2031

1‌

1‌

7.50%,

02/01/2032

2‌

2‌

8.00%,

09/01/2030

40‌

42‌

$

15,436‌

Federal

National

Mortgage

Association

(FNMA)

-

0

.31

%

1.33%,

10/01/2034

23‌

23‌

1.00

x

6

Month

USD

LIBOR

+

1.08%

1.91%,

07/01/2033

323‌

337‌

1.00

x

12

Month

USD

LIBOR

+

1.56%

1.91%,

04/01/2036

17‌

17‌

1.00

x

12

Month

USD

LIBOR

+

1.54%

1.98%,

02/01/2036

4‌

4‌

1.00

x

12

Month

USD

LIBOR

+

1.61%

2.26%,

01/01/2033

40‌

40‌

1.00

x

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

1

Year

+

2.14%

2.49%,

08/01/2035

68‌

69‌

1.00

x

12

Month

USD

LIBOR

+

1.74%

2.50%,

04/01/2033

64‌

64‌

1.00

x

6

Month

USD

LIBOR

+

2.26%

5.00%,

07/01/2044

1,481‌

1,656‌

$

2,210‌

Federal

National

Mortgage

Association

(FNMA)/Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

Uniform

Mortgage-Backed

Security

-

12

.48

%

2.00%,

08/01/2036

(q)

8,000‌

8,302‌

2.00%,

02/01/2051

11,397‌

11,719‌

2.00%,

03/01/2051

6,347‌

6,522‌

2.00%,

03/01/2051

4,861‌

5,013‌

2.50%,

04/01/2028

1,287‌

1,356‌

2.50%,

06/01/2028

89‌

94‌

2.50%,

09/01/2029

315‌

332‌

2.50%,

06/01/2035

537‌

562‌

2.50%,

08/01/2035

2,457‌

2,603‌

2.50%,

08/01/2036

(q)

4,000‌

4,191‌

2.50%,

08/01/2050

3,904‌

4,101‌

2.50%,

09/01/2051

(q)

14,200‌

14,761‌

3.00%,

10/01/2029

62‌

66‌

3.00%,

09/01/2032

117‌

125‌

3.00%,

12/01/2040

147‌

157‌

3.00%,

04/01/2043

311‌

331‌

Schedule

of

Investments

Core

Plus

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

23

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Federal

National

Mortgage

Association

(FNMA)/Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

Uniform

Mortgage-Backed

Security

(continued)

3.00%,

05/01/2043

$

510‌

$

551‌

3.00%,

08/01/2043

1,960‌

2,090‌

3.00%,

03/01/2048

3,473‌

3,654‌

3.00%,

12/01/2048

98‌

103‌

3.00%,

07/01/2050

3,672‌

3,884‌

3.50%,

02/01/2033

23‌

25‌

3.50%,

05/01/2034

1,211‌

1,321‌

3.50%,

01/01/2041

123‌

133‌

3.50%,

01/01/2044

941‌

1,035‌

3.50%,

11/01/2044

2,261‌

2,473‌

3.50%,

04/01/2047

125‌

138‌

3.50%,

10/01/2047

51‌

55‌

3.50%,

11/01/2047

3,263‌

3,573‌

3.50%,

03/01/2048

32‌

34‌

4.00%,

02/01/2031

159‌

172‌

4.00%,

03/01/2034

434‌

476‌

4.00%,

05/01/2047

4,144‌

4,466‌

4.00%,

06/01/2048

11‌

12‌

4.50%,

04/01/2024

305‌

319‌

4.50%,

06/01/2044

584‌

651‌

5.00%,

06/01/2048

1,074‌

1,202‌

5.50%,

02/01/2023

4‌

4‌

5.50%,

06/01/2023

16‌

18‌

5.50%,

07/01/2023

1‌

1‌

5.50%,

07/01/2033

80‌

93‌

5.50%,

09/01/2033

102‌

118‌

5.50%,

05/01/2040

270‌

312‌

6.00%,

02/01/2023

2‌

2‌

6.00%,

02/01/2038

316‌

358‌

6.00%,

05/01/2038

30‌

34‌

6.00%,

08/01/2038

206‌

231‌

6.00%,

08/01/2038

136‌

152‌

6.50%,

05/01/2022

1‌

1‌

6.50%,

12/01/2031

2‌

2‌

6.50%,

02/01/2032

2‌

2‌

6.50%,

02/01/2032

1‌

1‌

6.50%,

04/01/2032

6‌

7‌

6.50%,

08/01/2032

4‌

5‌

6.50%,

07/01/2037

243‌

289‌

6.50%,

07/01/2037

111‌

125‌

6.50%,

12/01/2037

156‌

184‌

6.50%,

02/01/2038

221‌

258‌

6.50%,

03/01/2038

34‌

38‌

6.50%,

09/01/2038

289‌

346‌

7.00%,

03/01/2032

18‌

20‌

7.50%,

08/01/2032

4‌

5‌

$

89,208‌

Government

National

Mortgage

Association

(GNMA)

-

4

.63

%

2.00%,

08/01/2051

3,000‌

3,073‌

2.50%,

08/01/2051

9,300‌

9,669‌

3.00%,

06/20/2043

1,558‌

1,660‌

3.00%,

01/20/2045

624‌

664‌

3.00%,

06/20/2046

325‌

344‌

3.00%,

07/20/2046

1,409‌

1,491‌

3.00%,

11/20/2046

2,182‌

2,308‌

3.50%,

03/15/2042

767‌

835‌

3.50%,

04/15/2042

780‌

841‌

3.50%,

09/20/2044

59‌

66‌

3.50%,

09/20/2047

1,158‌

1,260‌

3.50%,

06/20/2048

1,486‌

1,577‌

4.00%,

01/20/2048

3,099‌

3,356‌

4.50%,

06/20/2025

907‌

965‌

4.50%,

09/15/2039

231‌

266‌

4.50%,

03/15/2040

1,168‌

1,319‌

5.00%,

11/15/2033

981‌

1,131‌

5.00%,

06/15/2034

17‌

20‌

5.00%,

10/20/2039

73‌

82‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Government

National

Mortgage

Association

(GNMA)

(continued)

5.00%,

07/20/2040

$

120‌

$

129‌

5.00%,

02/15/2042

750‌

865‌

5.50%,

10/15/2033

424‌

496‌

5.50%,

05/20/2035

38‌

44‌

5.50%,

02/15/2038

329‌

387‌

6.00%,

07/20/2028

15‌

17‌

6.00%,

11/20/2028

14‌

16‌

6.00%,

01/20/2029

15‌

17‌

6.00%,

07/20/2029

3‌

4‌

6.00%,

08/15/2031

16‌

17‌

6.00%,

01/15/2032

2‌

2‌

6.00%,

02/15/2032

8‌

9‌

6.00%,

02/15/2033

22‌

25‌

6.00%,

12/15/2033

22‌

25‌

6.50%,

03/20/2028

3‌

3‌

6.50%,

05/20/2029

3‌

3‌

6.50%,

10/15/2032

11‌

12‌

6.50%,

12/15/2032

40‌

45‌

7.00%,

06/15/2031

6‌

7‌

7.00%,

07/15/2031

1‌

1‌

7.00%,

06/15/2032

29‌

33‌

8.00%,

01/20/2031

2‌

3‌

$

33,087‌

U.S.

Treasury

-

10

.01

%

0.38%,

01/31/2026

2,000‌

1,977‌

0.50%,

06/30/2027

6,500‌

6,372‌

1.63%,

08/15/2029

1,800‌

1,874‌

1.75%,

04/30/2022

7,000‌

7,087‌

2.00%,

10/31/2022

12,000‌

12,282‌

2.25%,

11/15/2027

7,000‌

7,581‌

3.00%,

11/15/2045

4,350‌

5,314‌

3.13%,

05/15/2048

9,915‌

12,511‌

3.88%,

08/15/2040

(r)

12,220‌

16,514‌

$

71,512‌

U.S.

Treasury

Bill

-

4

.23

%

0.05%,

11/26/2021

(s)

5,600‌

5,599‌

0.05%,

12/23/2021

(s)

24,600‌

24,595‌

$

30,194‌

TOTAL

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

$

241,647‌

Total

Investments

$

790,392‌

Other

Assets

and

Liabilities

-  (10.62)%

(

75,888‌

)

TOTAL

NET

ASSETS

-

100.00%

$

714,504‌

(a)

Security

or

a

portion

of

the

security

was

on

loan.  At

the

end

of

the

period,

the

value

of

these

securities

totaled

$35,313

or

4.94%

of

net

assets.

(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

$36,113

or

5.05%

of

net

assets.

(d)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(e)

Non-income

producing

security

(f)

The

value

of

these

investments

was

determined

using

significant

unobservable

inputs,

in

good

faith

by

the

Manager,

under

procedures

established

and

periodically

reviewed

by

the

Board

of

Directors.

(g)

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.

(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

$130,281

or

18.23%

of

net

assets.

Schedule

of

Investments

Core

Plus

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

24

(i)

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.

(j)

Security

is

a

contingent

convertible

security,

("CoCo").

CoCo's

are

hybrid

debt

securities

that

may

convert

to

equity

or

have

their

principal

written

down

upon

occurrence

of

certain

"triggers".

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$3,059

or

0.43%

of

net

assets.

(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)

Security

is

an

Interest

Only

Strip.

(m)

Payment

in

kind;

the

issuer

has

the

option

of

paying

additional

securities

in

lieu

of

cash.

(n)

Security

purchased

on

a

when-issued

basis.

(o)

Rate

information

disclosed

is

based

on

an

average

weighted

rate

of

the

underlying

tranches

as

of

period

end.

(p)

This

Senior

Floating

Rate

Note

will

settle

after

July

31,

2021,

at

which

time

the

interest

rate

will

be

determined.

(q)

Security

was

purchased

in

a

"to-be-announced"

("TBA")

transaction.

(r)

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

$946

or

0.13%

of

net

assets.

(s)

Rate

shown

is

the

discount

rate

of

the

original

purchase.

Portfolio

Summary  (unaudited)

Sector

Percent

Mortgage

Securities

23

.62‌

%

Government

17

.17‌

%

Financial

15

.04‌

%

Money

Market

Funds

9

.81‌

%

Communications

7

.36‌

%

Consumer,

Non-cyclical

6

.28‌

%

Energy

5

.79‌

%

Consumer,

Cyclical

4

.97‌

%

Investment

Companies

4

.74‌

%

Asset

Backed

Securities

4

.10‌

%

Industrial

3

.81‌

%

Technology

2

.85‌

%

Basic

Materials

2

.83‌

%

Utilities

2

.25‌

%

Other

Assets

and

Liabilities

(

10

.62‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

37,137‌

$

627,023‌

$

607,738‌

$

56,422‌

$

37,137‌

$

627,023‌

$

607,738‌

$

56,422‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

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)

US

10

Year

Note;

September

2021

Short

339‌

$

45,580‌

$

(

914‌

)

US

10

Year

Ultra

Note;

September

2021

Short

16‌

2,404‌

(

90‌

)

US

2

Year

Note;

September

2021

Long

30‌

6,620‌

—‌

US

5

Year

Note;

September

2021

Short

246‌

30,614‌

(

183‌

)

US

Long

Bond;

September

2021

Long

107‌

17,625‌

742‌

Total

$

(

445‌

)

Amounts

in

thousands

except

contracts.

Schedule

of

Investments

Diversified

International

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

25

INVESTMENT

COMPANIES

-

2

.68

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

2

.68

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(a),(b)

7,308,721‌

$

7,309‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

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

135,480,097‌

135,480‌

$

142,789‌

TOTAL

INVESTMENT

COMPANIES

$

142,789‌

COMMON

STOCKS

-

97

.32

%

Shares

Held

Value

(000's)

Aerospace

&

Defense

-

0

.32

%

CAE

Inc

(d)

566,400‌

$

17,283‌

Airlines

-

0

.23

%

Copa

Holdings

SA

(d)

170,763‌

12,109‌

Apparel

-

1

.38

%

LVMH

Moet

Hennessy

Louis

Vuitton

SE

91,769‌

73,477‌

Automobile

Manufacturers

-

4

.87

%

Bayerische

Motoren

Werke

AG

323,276‌

32,144‌

Eicher

Motors

Ltd

420,088‌

14,308‌

Ferrari

NV

80,343‌

17,510‌

Honda

Motor

Co

Ltd

936,400‌

30,075‌

Kia

Corp

447,739‌

32,699‌

Maruti

Suzuki

India

Ltd

196,037‌

18,419‌

Toyota

Motor

Corp

939,800‌

84,371‌

Volvo

AB

-

B

Shares

(e)

1,262,484‌

29,771‌

$

259,297‌

Automobile

Parts

&

Equipment

-

1

.04

%

Toyota

Industries

Corp

658,800‌

55,264‌

Banks

-

9

.29

%

Bank

Leumi

Le-Israel

BM

(d)

2,428,265‌

18,555‌

Bank

Rakyat

Indonesia

Persero

Tbk

PT

103,796,900‌

26,629‌

BNP

Paribas

SA

636,335‌

38,803‌

Canadian

Imperial

Bank

of

Commerce

176,200‌

20,489‌

DBS

Group

Holdings

Ltd

1,844,900‌

41,282‌

DNB

Bank

ASA

(d)

1,173,837‌

24,036‌

Grupo

Financiero

Banorte

SAB

de

CV

3,302,330‌

21,364‌

HDFC

Bank

Ltd

ADR

301,294‌

21,262‌

ICICI

Bank

Ltd

ADR

2,271,888‌

42,234‌

Intesa

Sanpaolo

SpA

16,438,811‌

45,413‌

Kotak

Mahindra

Bank

Ltd

(d)

514,704‌

11,475‌

Lloyds

Banking

Group

PLC

49,563,247‌

31,337‌

Mediobanca

Banca

di

Credito

Finanziario

SpA

3,310,921‌

38,753‌

OTP

Bank

Nyrt

(d)

221,264‌

11,932‌

PT

Bank

Central

Asia

Tbk

6,371,114‌

13,152‌

TCS

Group

Holding

PLC

331,312‌

27,425‌

Toronto-Dominion

Bank/The

508,882‌

33,834‌

United

Overseas

Bank

Ltd

1,365,900‌

26,408‌

$

494,383‌

Beverages

-

1

.16

%

Carlsberg

AS

229,387‌

42,388‌

Heineken

NV

165,367‌

19,257‌

$

61,645‌

Biotechnology

-

1

.10

%

CSL

Ltd

173,766‌

36,993‌

Genmab

A/S

(d)

47,165‌

21,318‌

$

58,311‌

Building

Materials

-

5

.17

%

Beijing

Oriental

Yuhong

Waterproof

Technology

Co

Ltd

2,966,687‌

23,414‌

China

Lesso

Group

Holdings

Ltd

11,423,000‌

23,853‌

Cie

de

Saint-Gobain

780,837‌

55,813‌

CRH

PLC

1,413,451‌

70,643‌

Geberit

AG

30,640‌

25,158‌

HeidelbergCement

AG

492,811‌

43,672‌

Holcim

Ltd

(d)

340,105‌

19,937‌

Voltas

Ltd

877,795‌

12,514‌

$

275,004‌

Chemicals

-

1

.80

%

Akzo

Nobel

NV

212,054‌

26,195‌

Evonik

Industries

AG

506,484‌

17,611‌

Koninklijke

DSM

NV

100,577‌

20,274‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Chemicals

(continued)

Shin-Etsu

Chemical

Co

Ltd

193,800‌

$

31,614‌

$

95,694‌

Commercial

Services

-

1

.37

%

Adecco

Group

AG

354,350‌

21,220‌

Amadeus

IT

Group

SA

(d)

235,903‌

15,471‌

TechnoPro

Holdings

Inc

644,100‌

16,110‌

Worldline

SA/France

(d),(f)

213,853‌

20,017‌

$

72,818‌

Computers

-

3

.53

%

Capgemini

SE

248,585‌

53,732‌

Infosys

Ltd

2,211,430‌

48,196‌

LG

Corp

172,224‌

14,115‌

Logitech

International

SA

496,926‌

54,597‌

Nomura

Research

Institute

Ltd

540,300‌

17,387‌

$

188,027‌

Consumer

Products

-

0

.49

%

Hindustan

Unilever

Ltd

832,761‌

26,166‌

Distribution

&

Wholesale

-

2

.06

%

Bunzl

PLC

539,357‌

19,982‌

Ferguson

PLC

280,433‌

39,314‌

ITOCHU

Corp

1,188,900‌

35,190‌

Pop

Mart

International

Group

Ltd

(d),(f)

2,100,400‌

15,447‌

$

109,933‌

Diversified

Financial

Services

-

1

.49

%

Banca

Generali

SpA

(d)

304,609‌

12,636‌

Brookfield

Asset

Management

Reinsurance

Partners

Ltd

(d)

10,767‌

583‌

Housing

Development

Finance

Corp

Ltd

824,308‌

27,136‌

KB

Financial

Group

Inc

444,811‌

19,757‌

SBI

Holdings

Inc/Japan

456,600‌

10,930‌

Tisco

Financial

Group

PCL

3,191,500‌

8,543‌

$

79,585‌

Electric

-

2

.19

%

Enel

SpA

5,006,160‌

46,135‌

Iberdrola

SA

3,870,845‌

46,586‌

Northland

Power

Inc

683,500‌

23,985‌

$

116,706‌

Electrical

Components

&

Equipment

-

0

.52

%

Delta

Electronics

Inc

2,703,000‌

27,852‌

Electronics

-

1

.10

%

Hoya

Corp

414,504‌

58,515‌

Energy

-

Alternate

Sources

-

0

.53

%

Vestas

Wind

Systems

A/S

766,850‌

28,277‌

Engineering

&

Construction

-

0

.59

%

Vinci

SA

296,764‌

31,420‌

Entertainment

-

0

.27

%

Flutter

Entertainment

PLC

(d)

85,767‌

14,621‌

Food

-

2

.97

%

Dino

Polska

SA

(d),(f)

178,142‌

14,262‌

Nestle

India

Ltd

71,051‌

16,914‌

Nestle

SA

741,642‌

93,914‌

Seven

&

i

Holdings

Co

Ltd

743,000‌

33,153‌

$

158,243‌

Hand

&

Machine

Tools

-

0

.64

%

Techtronic

Industries

Co

Ltd

1,912,500‌

34,104‌

Healthcare

-

Products

-

1

.39

%

Alcon

Inc

409,566‌

29,816‌

Getinge

AB

650,327‌

28,261‌

Sartorius

Stedim

Biotech

28,268‌

16,137‌

$

74,214‌

Healthcare

-

Services

-

2

.20

%

Fresenius

SE

&

Co

KGaA

335,191‌

17,618‌

ICON

PLC

(d)

189,200‌

46,027‌

Lonza

Group

AG

68,752‌

53,532‌

$

117,177‌

Schedule

of

Investments

Diversified

International

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

26

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Home

Builders

-

1

.33

%

Daiwa

House

Industry

Co

Ltd

439,000‌

$

13,460‌

Persimmon

PLC

646,020‌

26,059‌

Taylor

Wimpey

PLC

13,610,437‌

31,117‌

$

70,636‌

Home

Furnishings

-

2

.67

%

GN

Store

Nord

AS

170,194‌

14,915‌

Haier

Smart

Home

Co

Ltd

4,752,200‌

16,298‌

Howden

Joinery

Group

PLC

2,206,101‌

27,492‌

JS

Global

Lifestyle

Co

Ltd

(f)

5,243,500‌

13,221‌

Sony

Group

Corp

672,300‌

70,233‌

$

142,159‌

Insurance

-

4

.30

%

AIA

Group

Ltd

5,514,400‌

65,984‌

Allianz

SE

129,585‌

32,210‌

AXA

SA

909,056‌

23,542‌

Fairfax

Financial

Holdings

Ltd

43,600‌

18,366‌

ICICI

Lombard

General

Insurance

Co

Ltd

(f)

851,048‌

16,900‌

Legal

&

General

Group

PLC

5,199,223‌

18,834‌

Prudential

PLC

1,591,446‌

29,886‌

Sampo

Oyj

482,322‌

23,214‌

$

228,936‌

Internet

-

2

.70

%

NCSoft

Corp

20,588‌

14,766‌

Shopify

Inc

(d)

29,784‌

44,674‌

Tencent

Holdings

Ltd

1,242,032‌

74,905‌

Trip.com

Group

Ltd

(d)

352,350‌

9,341‌

$

143,686‌

Iron

&

Steel

-

0

.56

%

Vale

SA

1,421,600‌

29,943‌

Leisure

Products

&

Services

-

0

.69

%

Shimano

Inc

143,100‌

36,631‌

Machinery

-

Construction

&

Mining

-

0

.30

%

Siemens

Energy

AG

(d)

590,898‌

16,075‌

Machinery

-

Diversified

-

2

.55

%

Daifuku

Co

Ltd

163,900‌

14,687‌

Ebara

Corp

801,800‌

39,661‌

GEA

Group

AG

400,767‌

17,770‌

Keyence

Corp

71,400‌

39,770‌

Omron

Corp

278,900‌

23,867‌

$

135,755‌

Mining

-

2

.05

%

Anglo

American

PLC

641,928‌

28,447‌

Franco-Nevada

Corp

183,662‌

29,369‌

Rio

Tinto

Ltd

524,957‌

51,451‌

$

109,267‌

Miscellaneous

Manufacturers

-

1

.64

%

JSR

Corp

516,400‌

17,310‌

Pidilite

Industries

Ltd

552,742‌

16,944‌

Siemens

AG

247,270‌

38,582‌

Trelleborg

AB

586,008‌

14,486‌

$

87,322‌

Oil

&

Gas

-

3

.40

%

BP

PLC

8,051,699‌

32,320‌

LUKOIL

PJSC

ADR

291,761‌

25,000‌

Lundin

Energy

AB

33,833‌

1,054‌

Neste

Oyj

767,499‌

47,179‌

Parkland

Corp/Canada

430,700‌

13,709‌

Reliance

Industries

Ltd

1,000,368‌

27,422‌

TotalEnergies

SE

793,220‌

34,590‌

$

181,274‌

Pharmaceuticals

-

4

.48

%

AstraZeneca

PLC

542,753‌

62,368‌

Novo

Nordisk

A/S

801,530‌

74,199‌

Roche

Holding

AG

263,922‌

101,956‌

$

238,523‌

Pipelines

-

0

.32

%

Pembina

Pipeline

Corp

510,700‌

16,881‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Private

Equity

-

3

.33

%

3i

Group

PLC

3,765,976‌

$

66,934‌

Brookfield

Asset

Management

Inc

1,561,253‌

84,282‌

Intermediate

Capital

Group

PLC

866,290‌

26,106‌

$

177,322‌

Real

Estate

-

1

.41

%

A-Living

Smart

City

Services

Co

Ltd

(f)

8,476,750‌

32,332‌

Shimao

Services

Holdings

Ltd

(f)

5,256,000‌

12,136‌

Sun

Hung

Kai

Properties

Ltd

1,381,000‌

19,756‌

Tokyo

Tatemono

Co

Ltd

719,700‌

10,828‌

$

75,052‌

REITs

-

0

.18

%

Keppel

DC

REIT

4,786,800‌

9,319‌

Retail

-

3

.50

%

Alimentation

Couche-Tard

Inc

1,008,392‌

40,648‌

Home

Product

Center

PCL

30,811,200‌

12,483‌

JD

Sports

Fashion

PLC

2,783,663‌

34,685‌

Li

Ning

Co

Ltd

3,074,000‌

32,466‌

Magazine

Luiza

SA

3,065,798‌

12,126‌

Pan

Pacific

International

Holdings

Corp

779,600‌

16,273‌

Wal-Mart

de

Mexico

SAB

de

CV

11,366,678‌

37,447‌

$

186,128‌

Semiconductors

-

8

.87

%

Advantest

Corp

266,600‌

23,536‌

ASM

International

NV

69,922‌

24,816‌

ASML

Holding

NV

157,311‌

120,246‌

MediaTek

Inc

855,000‌

27,957‌

Nordic

Semiconductor

ASA

(d)

538,634‌

17,637‌

Samsung

Electronics

Co

Ltd

1,746,960‌

119,381‌

Taiwan

Semiconductor

Manufacturing

Co

Ltd

6,633,544‌

138,638‌

$

472,211‌

Software

-

0

.82

%

Capcom

Co

Ltd

576,700‌

15,857‌

DeNA

Co

Ltd

499,000‌

9,396‌

Mixi

Inc

352,200‌

8,871‌

NetEase

Inc

474,800‌

9,444‌

$

43,568‌

Telecommunications

-

2

.02

%

Deutsche

Telekom

AG

1,069,139‌

22,189‌

Nice

Ltd

ADR

(d)

57,848‌

16,120‌

Nippon

Telegraph

&

Telephone

Corp

1,214,000‌

31,088‌

SoftBank

Group

Corp

610,200‌

38,373‌

$

107,770‌

Toys,

Games

&

Hobbies

-

1

.10

%

Nintendo

Co

Ltd

113,400‌

58,299‌

Transportation

-

1

.40

%

Canadian

National

Railway

Co

315,948‌

34,330‌

Deutsche

Post

AG

597,057‌

40,463‌

$

74,793‌

TOTAL

COMMON

STOCKS

$

5,181,675‌

Total

Investments

$

5,324,464‌

Other

Assets

and

Liabilities

-  0.00%

(

179‌

)

TOTAL

NET

ASSETS

-

100.00%

$

5,324,285‌

(a)

Current

yield

shown

is

as

of

period

end.

(b)

Security

or

a

portion

of

the

security

was

received

as

collateral

for

securities

lending.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$19,289

or

0.36%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

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,

the

value

of

these

securities

totaled

$18,341

or

0.34%

of

net

assets.

Schedule

of

Investments

Diversified

International

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

27

(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

$124,315

or

2.33%

of

net

assets.

Portfolio

Summary  (unaudited)

Location

Percent

Japan

15

.80‌

%

United

Kingdom

8

.92‌

%

Switzerland

7

.52‌

%

Canada

7

.09‌

%

France

6

.53‌

%

India

5

.64‌

%

Germany

5

.22‌

%

China

4

.69‌

%

Netherlands

3

.96‌

%

Korea,

Republic

Of

3

.76‌

%

Taiwan

3

.65‌

%

Denmark

3

.40‌

%

Italy

3

.02‌

%

United

States

2

.68‌

%

Hong

Kong

2

.50‌

%

Ireland

2

.46‌

%

Australia

1

.67‌

%

Singapore

1

.46‌

%

Sweden

1

.38‌

%

Finland

1

.32‌

%

Spain

1

.16‌

%

Mexico

1

.10‌

%

Brazil

0

.79‌

%

Norway

0

.78‌

%

Indonesia

0

.75‌

%

Israel

0

.65‌

%

Cyprus

0

.51‌

%

Russian

Federation

0

.47‌

%

Thailand

0

.40‌

%

Poland

0

.27‌

%

Panama

0

.23‌

%

Hungary

0

.22‌

%

Other

Assets

and

Liabilities

0

.00‌

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

85,878‌

$

3,494,446‌

$

3,444,844‌

$

135,480‌

$

85,878‌

$

3,494,446‌

$

3,444,844‌

$

135,480‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

Equity

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

28

INVESTMENT

COMPANIES

-

3

.34

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

3

.34

%

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c)

355,275,063‌

$

355,275‌

TOTAL

INVESTMENT

COMPANIES

$

355,275‌

COMMON

STOCKS

-

96

.94

%

Shares

Held

Value

(000's)

Apparel

-

1

.82

%

NIKE

Inc

1,153,311‌

$

193,191‌

Automobile

Manufacturers

-

2

.07

%

PACCAR

Inc

2,655,063‌

220,344‌

Automobile

Parts

&

Equipment

-

2

.43

%

Magna

International

Inc

3,073,930‌

257,688‌

Banks

-

9

.11

%

Bank

of

America

Corp

2,353,115‌

90,265‌

First

Republic

Bank/CA

1,246,193‌

243,033‌

JPMorgan

Chase

&

Co

1,689,591‌

256,446‌

Morgan

Stanley

1,786,452‌

171,464‌

PNC

Financial

Services

Group

Inc/The

1,136,431‌

207,296‌

$

968,504‌

Beverages

-

1

.83

%

Coca-Cola

Co/The

3,413,958‌

194,698‌

Biotechnology

-

1

.73

%

Corteva

Inc

4,308,170‌

184,304‌

Chemicals

-

2

.52

%

Air

Products

and

Chemicals

Inc

493,861‌

143,728‌

PPG

Industries

Inc

759,304‌

124,162‌

$

267,890‌

Computers

-

1

.72

%

Apple

Inc

1,255,730‌

183,161‌

Diversified

Financial

Services

-

5

.18

%

BlackRock

Inc

368,140‌

319,240‌

Discover

Financial

Services

1,864,463‌

231,790‌

$

551,030‌

Electric

-

4

.97

%

Eversource

Energy

1,161,349‌

100,189‌

NextEra

Energy

Inc

1,976,162‌

153,943‌

Sempra

Energy

448,517‌

58,599‌

WEC

Energy

Group

Inc

1,144,348‌

107,729‌

Xcel

Energy

Inc

1,579,135‌

107,776‌

$

528,236‌

Electronics

-

0

.97

%

Honeywell

International

Inc

440,722‌

103,036‌

Food

-

3

.00

%

Hormel

Foods

Corp

4,676,730‌

216,907‌

Tyson

Foods

Inc

1,432,680‌

102,379‌

$

319,286‌

Healthcare

-

Products

-

5

.17

%

Abbott

Laboratories

2,120,801‌

256,575‌

Medtronic

PLC

1,818,154‌

238,742‌

STERIS

PLC

250,321‌

54,557‌

$

549,874‌

Healthcare

-

Services

-

0

.50

%

UnitedHealth

Group

Inc

128,138‌

52,821‌

Insurance

-

3

.64

%

Chubb

Ltd

956,667‌

161,428‌

Fidelity

National

Financial

Inc

2,968,753‌

132,436‌

Swiss

Re

AG

ADR

4,139,012‌

93,169‌

$

387,033‌

Machinery

-

Construction

&

Mining

-

0

.71

%

Caterpillar

Inc

364,381‌

75,336‌

Machinery

-

Diversified

-

2

.28

%

Deere

&

Co

670,047‌

242,282‌

Media

-

1

.94

%

Cable

One

Inc

54,108‌

102,155‌

Comcast

Corp

-

Class

A

1,768,851‌

104,062‌

$

206,217‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Miscellaneous

Manufacturers

-

4

.36

%

Parker-Hannifin

Corp

869,372‌

$

271,270‌

Trane

Technologies

PLC

943,175‌

192,040‌

$

463,310‌

Oil

&

Gas

-

3

.55

%

Chevron

Corp

1,204,451‌

122,625‌

EOG

Resources

Inc

1,769,447‌

128,922‌

Marathon

Petroleum

Corp

2,276,623‌

125,715‌

$

377,262‌

Pharmaceuticals

-

8

.68

%

Becton

Dickinson

and

Co

737,703‌

188,668‌

Merck

&

Co

Inc

2,663,109‌

204,713‌

Novartis

AG

ADR

1,711,087‌

158,087‌

Organon

&

Co

249,485‌

7,238‌

Pfizer

Inc

2,817,087‌

120,599‌

Roche

Holding

AG

ADR

5,032,038‌

242,846‌

$

922,151‌

Pipelines

-

1

.08

%

Enterprise

Products

Partners

LP

5,072,889‌

114,495‌

Private

Equity

-

3

.06

%

KKR

&

Co

Inc

5,104,959‌

325,492‌

REITs

-

4

.36

%

Alexandria

Real

Estate

Equities

Inc

883,843‌

177,953‌

Digital

Realty

Trust

Inc

1,135,224‌

175,006‌

Realty

Income

Corp

1,567,099‌

110,151‌

$

463,110‌

Retail

-

3

.98

%

Costco

Wholesale

Corp

412,124‌

177,098‌

Starbucks

Corp

1,195,962‌

145,226‌

Target

Corp

386,757‌

100,963‌

$

423,287‌

Semiconductors

-

3

.67

%

Microchip

Technology

Inc

1,340,236‌

191,815‌

Taiwan

Semiconductor

Manufacturing

Co

Ltd

ADR

1,702,786‌

198,613‌

$

390,428‌

Software

-

4

.73

%

Activision

Blizzard

Inc

1,387,969‌

116,062‌

Fidelity

National

Information

Services

Inc

833,570‌

124,244‌

Microsoft

Corp

551,033‌

156,995‌

SAP

SE

ADR

730,512‌

104,989‌

$

502,290‌

Telecommunications

-

4

.53

%

BCE

Inc

4,966,630‌

247,884‌

Verizon

Communications

Inc

4,181,939‌

233,269‌

$

481,153‌

Toys,

Games

&

Hobbies

-

0

.78

%

Hasbro

Inc

836,599‌

83,191‌

Transportation

-

2

.57

%

Expeditors

International

of

Washington

Inc

863,524‌

110,747‌

Union

Pacific

Corp

742,299‌

162,385‌

$

273,132‌

TOTAL

COMMON

STOCKS

$

10,304,232‌

Total

Investments

$

10,659,507‌

Other

Assets

and

Liabilities

-  (0.28)%

(

30,192‌

)

TOTAL

NET

ASSETS

-

100.00%

$

10,629,315‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

(c)

Current

yield

shown

is

as

of

period

end.

Schedule

of

Investments

Equity

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

29

Portfolio

Summary  (unaudited)

Sector

Percent

Financial

25

.35‌

%

Consumer,

Non-cyclical

20

.91‌

%

Consumer,

Cyclical

11

.08‌

%

Industrial

10

.89‌

%

Technology

10

.12‌

%

Communications

6

.47‌

%

Utilities

4

.97‌

%

Energy

4

.63‌

%

Money

Market

Funds

3

.34‌

%

Basic

Materials

2

.52‌

%

Other

Assets

and

Liabilities

(

0

.28‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

125,574‌

$

3,174,910‌

$

2,945,209‌

$

355,275‌

$

125,574‌

$

3,174,910‌

$

2,945,209‌

$

355,275‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

Finisterre

Emerging

Markets

Total

Return

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

30

INVESTMENT

COMPANIES

-

8.88%

Shares

Held

Value

(000's)

Money

Market

Funds

-

8.88%

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c)

72,895,449‌

$

72,895‌

TOTAL

INVESTMENT

COMPANIES

$

72,895‌

BONDS

-

79.16%

Principal

Amount

(000's)

Value

(000's)

Banks

-

2.71%

Absa

Group

Ltd

6.38%,

05/27/2026

(d),(e),(f)

$

1,950‌

$

1,992‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.41%

International

Bank

of

Azerbaijan

OJSC

3.50%,

09/01/2024

7,656‌

7,656‌

Itau

Unibanco

Holding

SA/Cayman

Island

6.13%,

12/12/2022

(d),(e),(f)

7,425‌

7,503‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.98%

QIB

Sukuk

Ltd

1.51%,

02/07/2025

5,000‌

5,053‌

3

Month

USD

LIBOR

+

1.35%

$

22,204‌

Building

Materials

-

1.24%

Cemex

SAB

de

CV

5.13%,

06/08/2026

(d),(e),(g)

4,000‌

4,199‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.53%

5.20%,

09/17/2030

(g)

3,125‌

3,422‌

5.20%,

09/17/2030

2,350‌

2,573‌

$

10,194‌

Chemicals

-

1.18%

Sasol

Financing

USA

LLC

4.38%,

09/18/2026

4,475‌

4,583‌

5.50%,

03/18/2031

4,875‌

5,082‌

$

9,665‌

Commercial

Services

-

0.48%

StoneCo

Ltd

3.95%,

06/16/2028

(g)

3,975‌

3,945‌

Cosmetics

&

Personal

Care

-

0.21%

Oriflame

Investment

Holding

PLC

5.13%,

05/04/2026

(g)

1,649‌

1,693‌

Diversified

Financial

Services

-

1.01%

Power

Finance

Corp

Ltd

5.25%,

08/10/2028

7,410‌

8,310‌

Electric

-

1.20%

Adani

Electricity

Mumbai

Ltd

3.95%,

02/12/2030

(g)

2,050‌

2,064‌

3.95%,

02/12/2030

4,550‌

4,580‌

India

Green

Power

Holdings

4.00%,

02/22/2027

(g)

2,400‌

2,394‌

4.00%,

02/22/2027

800‌

798‌

$

9,836‌

Engineering

&

Construction

-

0.68%

State

Agency

of

Roads

of

Ukraine

6.25%,

06/24/2028

(g)

5,600‌

5,544‌

Food

-

0.65%

JBS

Finance

Luxembourg

Sarl

3.63%,

01/15/2032

(g)

5,325‌

5,361‌

Internet

-

0.85%

United

Group

BV

4.00%,

11/15/2027

EUR

2,250‌

2,640‌

4.63%,

08/15/2028

(g)

3,575‌

4,295‌

$

6,935‌

Iron

&

Steel

-

2.20%

CSN

Inova

Ventures

6.75%,

01/28/2028

(g)

$

2,650‌

2,925‌

6.75%,

01/28/2028

5,500‌

6,070‌

CSN

Islands

XII

Corp

7.00%,

09/23/2021

(d)

5,625‌

5,664‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Iron

&

Steel

(continued)

Metinvest

BV

7.65%,

10/01/2027

(g)

$

850‌

$

936‌

7.65%,

10/01/2027

1,400‌

1,542‌

8.50%,

04/23/2026

775‌

877‌

$

18,014‌

Media

-

0.33%

LCPR

Senior

Secured

Financing

DAC

5.13%,

07/15/2029

(g)

2,650‌

2,710‌

Oil

&

Gas

-

11.32%

Ecopetrol

SA

6.88%,

04/29/2030

3,800‌

4,588‌

Energean

Israel

Finance

Ltd

4.50%,

03/30/2024

(g)

6,450‌

6,562‌

4.88%,

03/30/2026

(g)

3,475‌

3,552‌

5.38%,

03/30/2028

(g)

2,450‌

2,503‌

Kosmos

Energy

Ltd

7.13%,

04/04/2026

3,625‌

3,534‌

7.50%,

03/01/2028

(g)

2,600‌

2,512‌

7.50%,

03/01/2028

3,100‌

2,995‌

Leviathan

Bond

Ltd

5.75%,

06/30/2023

(g)

2,500‌

2,604‌

6.13%,

06/30/2025

(g)

4,150‌

4,514‌

6.50%,

06/30/2027

(g)

5,275‌

5,809‌

MC

Brazil

Downstream

Trading

SARL

7.25%,

06/30/2031

(g)

5,400‌

5,602‌

Petrobras

Global

Finance

BV

5.50%,

06/10/2051

7,425‌

7,304‌

Petroleos

Mexicanos

5.35%,

02/12/2028

6,300‌

6,209‌

6.84%,

01/23/2030

5,900‌

6,155‌

Qatar

Petroleum

1.38%,

09/12/2026

(g)

5,325‌

5,340‌

2.25%,

07/12/2031

(g)

5,325‌

5,388‌

3.13%,

07/12/2041

(g)

4,550‌

4,718‌

3.30%,

07/12/2051

(g)

5,325‌

5,518‌

Tullow

Oil

PLC

7.00%,

03/01/2025

1,625‌

1,404‌

10.25%,

05/15/2026

(g)

5,850‌

6,099‌

$

92,910‌

Pipelines

-

1.29%

Galaxy

Pipeline

Assets

Bidco

Ltd

2.16%,

03/31/2034

(g)

5,800‌

5,743‌

2.16%,

03/31/2034

4,925‌

4,876‌

$

10,619‌

Real

Estate

-

2.46%

Kaisa

Group

Holdings

Ltd

8.50%,

06/30/2022

5,248‌

4,618‌

9.38%,

06/30/2024

2,050‌

1,584‌

11.95%,

11/12/2023

3,800‌

3,236‌

Sunac

China

Holdings

Ltd

6.50%,

01/10/2025

3,075‌

2,780‌

6.65%,

08/03/2024

1,550‌

1,419‌

7.00%,

07/09/2025

6,125‌

5,522‌

7.25%,

06/14/2022

1,025‌

1,025‌

$

20,184‌

Sovereign

-

46.73%

1MDB

Global

Investments

Ltd

4.40%,

03/09/2023

16,900‌

16,971‌

Angolan

Government

International

Bond

9.50%,

11/12/2025

10,150‌

11,190‌

Argentine

Republic

Government

International

Bond

0.50%,

07/09/2030

(h)

21,500‌

7,815‌

1.13%,

07/09/2035

(h)

16,081‌

5,186‌

Benin

Government

International

Bond

6.88%,

01/19/2052

EUR

1,750‌

2,132‌

Schedule

of

Investments

Finisterre

Emerging

Markets

Total

Return

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

31

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Sovereign

(continued)

Bonos

de

la

Tesoreria

de

la

Republica

en

pesos

5.00%,

10/01/2028

(g)

CLP

2,675,000‌

$

3,653‌

Brazil

Notas

do

Tesouro

Nacional

Serie

F

10.00%,

01/01/2027

BRL

153,050‌

30,444‌

Chile

Government

International

Bond

2.25%,

10/30/2022

$

4,000‌

4,077‌

Colombia

Government

International

Bond

5.63%,

02/26/2044

4,525‌

5,052‌

6.13%,

01/18/2041

8,600‌

10,081‌

Colombian

TES

5.75%,

11/03/2027

COP

81,200,000‌

20,196‌

7.75%,

09/18/2030

55,700,000‌

15,111‌

Egypt

Government

International

Bond

8.50%,

01/31/2047

$

7,575‌

7,823‌

Ghana

Government

International

Bond

8.13%,

03/26/2032

2,600‌

2,595‌

Ivory

Coast

Government

International

Bond

4.88%,

01/30/2032

EUR

14,750‌

17,665‌

4.88%,

01/30/2032

(g)

3,525‌

4,222‌

5.88%,

10/17/2031

1,550‌

1,984‌

Mexican

Bonos

8.50%,

05/31/2029

MXN

344,100‌

19,027‌

Mexico

Government

International

Bond

4.13%,

01/21/2026

$

2,000‌

2,255‌

Montenegro

Government

International

Bond

2.88%,

12/16/2027

(g)

EUR

2,300‌

2,597‌

2.88%,

12/16/2027

6,275‌

7,085‌

Nigeria

Government

International

Bond

7.14%,

02/23/2030

$

12,300‌

12,917‌

Oman

Government

International

Bond

6.75%,

01/17/2048

6,975‌

7,045‌

7.00%,

01/25/2051

1,050‌

1,084‌

Republic

of

South

Africa

Government

Bond

8.88%,

02/28/2035

ZAR

583,000‌

36,099‌

Republic

of

South

Africa

Government

International

Bond

5.75%,

09/30/2049

$

12,000‌

12,164‌

Romanian

Government

International

Bond

2.00%,

01/28/2032

EUR

5,650‌

6,736‌

2.00%,

04/14/2033

(g)

7,350‌

8,610‌

2.75%,

04/14/2041

(g)

6,950‌

8,094‌

3.50%,

04/03/2034

2,900‌

3,892‌

3.62%,

05/26/2030

(g)

3,550‌

4,855‌

Russian

Federal

Bond

-

OFZ

6.10%,

07/18/2035

RUB

825,400‌

10,506‌

7.25%,

05/10/2034

2,106,600‌

29,694‌

Senegal

Government

International

Bond

5.38%,

06/08/2037

(g)

EUR

2,900‌

3,436‌

Slovenia

Government

International

Bond

5.25%,

02/18/2024

$

5,000‌

5,593‌

Ukraine

Government

Bond

9.84%,

02/15/2023

UAH

22,200‌

804‌

11.20%,

07/20/2022

134,500‌

5,011‌

14.91%,

10/12/2022

67,900‌

2,622‌

15.97%,

04/19/2023

33,200‌

1,309‌

Ukraine

Government

International

Bond

1.26%,

05/31/2040

(h)

$

7,400‌

8,610‌

6.88%,

05/21/2029

(g)

8,250‌

8,507‌

6.88%,

05/21/2029

1,475‌

1,521‌

7.25%,

03/15/2033

1,325‌

1,366‌

7.75%,

09/01/2027

3,650‌

3,993‌

Zambia

Government

International

Bond

0.00%,

04/14/2024

(b)

2,725‌

1,771‌

$

383,400‌

Supranational

Bank

-

0.99%

Africa

Finance

Corp

2.88%,

04/28/2028

(g)

6,700‌

6,734‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Supranational

Bank

(continued)

Eastern

&

Southern

African

Trade

&

Development

Bank/The

4.88%,

05/23/2024

$

1,350‌

$

1,424‌

$

8,158‌

Telecommunications

-

3.63%

C&W

Senior

Financing

DAC

7.50%,

10/15/2026

(g)

900‌

940‌

7.50%,

10/15/2026

7,975‌

8,333‌

MTN

Mauritius

Investments

Ltd

5.37%,

02/13/2022

8,120‌

8,266‌

VEON

Holdings

BV

3.38%,

11/25/2027

(g)

4,775‌

4,814‌

3.38%,

11/25/2027

7,400‌

7,461‌

$

29,814‌

TOTAL

BONDS

$

649,496‌

CREDIT

LINKED

STRUCTURED

NOTES

-

5.81%

Principal

Amount

(000's)

Value

(000's)

Sovereign

-

5.81%

China

Government

Bond

-

JPMorgan

Chase

3.27%,

11/19/2030

(g)

CNY

298,600‌

$

47,647‌

TOTAL

CREDIT

LINKED

STRUCTURED

NOTES

$

47,647‌

Total

Investments

$

770,038‌

Other

Assets

and

Liabilities

-  6.15%

50,438‌

TOTAL

NET

ASSETS

-

100.00%

$

820,476‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

(c)

Current

yield

shown

is

as

of

period

end.

(d)

Perpetual

security.

Perpetual

securities

pay

an

indefinite

stream

of

interest,

but

they

may

be

called

by

the

issuer

at

an

earlier

date.

Date

shown,

if

any,

reflects

the

next

call

date

or

final

legal

maturity

date.

Rate

shown

is

as

of

period

end.

(e)

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.

(f)

Security

is

a

contingent

convertible

security,

("

CoCo

").

CoCo's

are

hybrid

debt

securities

that

may

convert

to

equity

or

have

their

principal

written

down

upon

occurrence

of

certain

"triggers".

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$9,495

or

1.16%

of

net

assets.

(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

$210,061

or

25.60%

of

net

assets.

(h)

Certain

variable

rate

securities

are

not

based

on

a

published

reference

rate

and

spread

but

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.

Rate

shown

is

the

rate

in

effect

as

of

period

end.

Schedule

of

Investments

Finisterre

Emerging

Markets

Total

Return

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

32

Portfolio

Summary  (unaudited)

Location

Percent

United

States

11.16‌%

Colombia

6.71‌%

South

Africa

6.12‌%

China

5.81‌%

Cayman

Islands

5.35‌%

Mexico

5.34‌%

Russian

Federation

4.90‌%

Ukraine

4.81‌%

Brazil

4.63‌%

Romania

3.92‌%

Netherlands

3.65‌%

Israel

3.12‌%

Cote

d'Ivoire

2.90‌%

Qatar

2.55‌%

Virgin

Islands,

British

2.07‌%

India

1.82‌%

Argentina

1.58‌%

Nigeria

1.57‌%

Jersey,

Channel

Islands

1.50‌%

Ireland

1.45‌%

Mauritius

1.40‌%

Angola

1.36‌%

Luxembourg

1.33‌%

Montenegro

1.18‌%

Supranational

0.99‌%

Oman

0.99‌%

Chile

0.95‌%

Egypt

0.95‌%

Azerbaijan

0.93‌%

United

Kingdom

0.91‌%

Slovenia

0.68‌%

Senegal

0.42‌%

Ghana

0.32‌%

Benin

0.26‌%

Zambia

0.22‌%

Other

Assets

and

Liabilities

6.15‌%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

33,964‌

$

755,514‌

$

716,583‌

$

72,895‌

$

33,964‌

$

755,514‌

$

716,583‌

$

72,895‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

Futures

Contracts

Description

and

Expiration

Date

Type

Contracts

Notional

Amount

Value

and

Unrealized

Appreciation/(Depreciation)

Euro

Bond

10

Year

Bond;

September

2021

Short

250‌

$

52,364‌

$

(1,457‌)

US

10

Year

Note;

September

2021

Short

470‌

63,193‌

(1,184‌)

US

Long

Bond;

September

2021

Short

85‌

14,001‌

(391‌)

Total

$

(3,032‌)

Amounts

in

thousands

except

contracts.

Foreign

Currency

Contracts

Unrealized

Appreciation/(Depreciation)

Counterparty

Settlement

Date

Currency

to

Accept

Currency

to

Deliver

Asset

Liability

Citigroup

Inc

08/27/2021

BRL

42,500‌

$

8,042‌

$

92‌

$

—‌

Citigroup

Inc

08/27/2021

CZK

521,100‌

$

23,936‌

308‌

—‌

Citigroup

Inc

08/27/2021

ZAR

26,750‌

$

1,786‌

35‌

—‌

Citigroup

Inc

08/27/2021

$

12,155‌

COP

47,500,000‌

—‌

(93‌)

Citigroup

Inc

08/27/2021

$

23,562‌

EUR

20,000‌

—‌

(171‌)

Schedule

of

Investments

Finisterre

Emerging

Markets

Total

Return

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

33

Foreign

Currency

Contracts

(continued)

Unrealized

Appreciation/(Depreciation)

Counterparty

Settlement

Date

Currency

to

Accept

Currency

to

Deliver

Asset

Liability

Citigroup

Inc

08/27/2021

$

30,430‌

BRL

161,200‌

$

—‌

$

(422‌)

Citigroup

Inc

08/27/2021

$

21,134‌

ZAR

308,800‌

109‌

—‌

HSBC

Securities

Inc

08/27/2021

KRW

27,929,000‌

$

24,318‌

—‌

(86‌)

HSBC

Securities

Inc

08/27/2021

$

4,270‌

CLP

3,253,000‌

—‌

(15‌)

HSBC

Securities

Inc

08/27/2021

$

19,276‌

RUB

1,443,900‌

—‌

(418‌)

JPMorgan

Chase

08/26/2021

EUR

7,195‌

$

8,525‌

21‌

(7‌)

JPMorgan

Chase

08/26/2021

$

87,042‌

EUR

73,873‌

—‌

(623‌)

JPMorgan

Chase

08/27/2021

HUF

4,925,000‌

$

16,360‌

—‌

(70‌)

JPMorgan

Chase

08/27/2021

INR

1,205,000‌

$

16,020‌

141‌

—‌

JPMorgan

Chase

08/27/2021

PLN

47,200‌

$

12,269‌

6‌

(15‌)

JPMorgan

Chase

08/27/2021

ZAR

327,050‌

$

22,124‌

171‌

(28‌)

JPMorgan

Chase

08/27/2021

KRW

9,400,000‌

$

8,207‌

—‌

(51‌)

JPMorgan

Chase

08/27/2021

$

18,886‌

COP

73,400,000‌

41‌

(80‌)

JPMorgan

Chase

08/27/2021

$

15,804‌

ZAR

232,600‌

—‌

(33‌)

JPMorgan

Chase

08/27/2021

$

47,004‌

CNY

305,900‌

—‌

(227‌)

JPMorgan

Chase

08/27/2021

$

18,945‌

MXN

383,500‌

—‌

(263‌)

Total

$

924‌

$

(2,602‌)

Amounts

in

thousands.

Credit

Default

Swaps

Buy

Protection

Counterparty

Reference

Entity

Implied

Credit

Spread

as

of

July

31,

2021

(a)

(Pay)/

Receive

Fixed

Rate

Payment

Frequency

Maturity

Date

Notional

Amount

Upfront

Payments/

(Receipts)

Unrealized

Appreciation/

(Depreciation)

Fair

Value

Asset

----

Liability

Barclays

Bank

PLC

CDX.EM.35

N/A

(1.00)%

Quarterly

06/20/2026

$

30,400‌

$

833‌

$

71‌

$

904‌

$

—‌

JPMorgan

Chase

CDX.EM.35

N/A

(1.00)%

Quarterly

06/20/2026

13,350‌

359‌

38‌

397‌

—‌

Total

$

1,192‌

$

109‌

$

1,301‌

$

—‌

Sell

Protection

Counterparty

Reference

Entity

Implied

Credit

Spread

as

of

July

31,

2021

(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

CDX.EM.35

N/A

1.00%

Quarterly

06/20/2026

$

43,750‌

$

(1,250‌)

$

(51‌)

$

—‌

$

(1,301‌)

Total

$

(1,250‌)

$

(51‌)

$

—‌

$

(1,301‌)

Amounts

in

thousands.

Exchange

Cleared

Credit

Default

Swaps

Buy

Protection

Reference

Entity

Implied

Credit

Spread

as

of

July

31,

2021

(a)

(Pay)/

Receive

Fixed

Rate

Payment

Frequency

Maturity

Date

Notional

Amount

Upfront

Payments/

(Receipts)

Unrealized

Appreciation/

(Depreciation)

Fair

Value

CDX.NA.HY.36

N/A

(5.00)%

Quarterly

06/20/2026

$

40,300‌

$

(3,969‌)

$

262‌

$

(3,707‌)

ITRAXX.35

N/A

(5.00)%

Quarterly

06/20/2026

EUR

20,550‌

(2,883‌)

(50‌)

(

2,933‌)

Total

$

(6,852‌)

$

212‌

$

(6,640‌)

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

$43,750.

(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.

Schedule

of

Investments

Finisterre

Emerging

Markets

Total

Return

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

34

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

6

Month

Prague

Interbank

Offered

Rate

Receive

1.87%

Annual

Semiannual

N/A

06/28/2026

CZK

725,600‌

$

—‌

$

(7‌)

$

(7‌)

6

Month

Prague

Interbank

Offered

Rate

Pay

1.87%

Semiannual

Annual

N/A

06/28/2026

725,600‌

(148‌)

155‌

7‌

6

Month

Warsaw

Interbank

Offered

Rate

Receive

1.40%

Annual

Semiannual

N/A

02/09/2031

PLN

23,600‌

163‌

(4‌)

159‌

6

Month

Warsaw

Interbank

Offered

Rate

Receive

1.40%

Annual

Semiannual

N/A

02/09/2031

2,000‌

(2‌)

16‌

14‌

6

Month

Warsaw

Interbank

Offered

Rate

Pay

1.40%

Semiannual

Annual

N/A

02/09/2031

12,000‌

(10‌)

(71‌)

(81‌)

6

Month

Warsaw

Interbank

Offered

Rate

Receive

1.40%

Annual

Semiannual

N/A

02/09/2031

9,000‌

(21‌)

82‌

61‌

6

Month

Warsaw

Interbank

Offered

Rate

Receive

1.90%

Annual

Semiannual

N/A

06/16/2031

113,600‌

(565‌)

47‌

(518‌)

6

Month

Warsaw

Interbank

Offered

Rate

Receive

1.40%

Annual

Semiannual

N/A

02/09/2031

37,800‌

(170‌)

424‌

254‌

6

Month

Warsaw

Interbank

Offered

Rate

Receive

1.90%

Annual

Semiannual

N/A

06/16/2031

25,000‌

(151‌)

37‌

(114‌)

6

Month

Warsaw

Interbank

Offered

Rate

Receive

1.40%

Annual

Semiannual

N/A

02/09/2031

6,000‌

(26‌)

66‌

40‌

6

Month

Warsaw

Interbank

Offered

Rate

Pay

1.90%

Semiannual

Annual

N/A

06/16/2031

32,500‌

210‌

(62‌)

148‌

6

Month

Warsaw

Interbank

Offered

Rate

Pay

1.90%

Semiannual

Annual

N/A

06/16/2031

32,500‌

230‌

(82‌)

148‌

6

Month

Warsaw

Interbank

Offered

Rate

Receive

1.90%

Annual

Semiannual

N/A

06/16/2031

7,000‌

(35‌)

3‌

(32‌)

Total

$

(525‌)

$

604‌

$

79‌

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

HSBC

Securities

Inc

Egypt

Treasury

Bills,

0.00%,

09/22/2021

98,000,000

Receive

3

Month

USD

LIBOR

+

0.80%

Quarterly

09/22/2021

$

5,845‌

$

—‌

$

292‌

$

—‌

HSBC

Securities

Inc

Egypt

Treasury

Bills,

0.00%,

09/22/2021

85,000,000

Receive

3

Month

USD

LIBOR

+

0.80%

Quarterly

09/22/2021

5,062‌

—‌

261‌

—‌

HSBC

Securities

Inc

Egypt

Treasury

Bills,

0.00%,

10/19/2021

85,000,000

Receive

3

Month

USD

LIBOR

+

0.80%

Quarterly

10/20/2021

5,123‌

—‌

141‌

—‌

HSBC

Securities

Inc

Egypt

Treasury

Bills,

0.00%,

11/17/2021

66,000,000

Receive

3

Month

USD

LIBOR

+

0.80%

Quarterly

11/17/2021

4,013‌

—‌

33‌

—‌

JPMorgan

Chase

Ghana

Government

Bond,

17.6%,

02/21/2023

11,100,000

Receive

3

Month

USD

LIBOR

+

0.80%

Quarterly

02/21/2023

1,925‌

—‌

79‌

—‌

JPMorgan

Chase

Ghana

Government

Bond,

17.6%,

02/21/2023

12,000,000

Receive

3

Month

USD

LIBOR

+

0.80%

Quarterly

02/21/2023

2,110‌

—‌

57‌

—‌

JPMorgan

Chase

Ghana

Government

Bond,

17.6%,

02/21/2023

9,000,000

Receive

3

Month

USD

LIBOR

+

0.80%

Quarterly

02/21/2023

1,615‌

—‌

11‌

—‌

JPMorgan

Chase

Ghana

Government

Bond,

17.6%,

02/21/2023

7,000,000

Receive

3

Month

USD

LIBOR

+

0.80%

Quarterly

02/21/2023

1,262‌

—‌

4‌

—‌

JPMorgan

Chase

Ghana

Government

Bond,

19.25%,

12/19/2023

32,000,000

Receive

3

Month

USD

LIBOR

+

0.80%

Quarterly

12/19/2023

5,719‌

—‌

—‌

(67‌)

JPMorgan

Chase

Ghana

Government

Bond,

19.50%,

07/09/2024

3,800,000

Receive

3

Month

USD

LIBOR

+

0.80%

Quarterly

07/09/2024

653‌

—‌

10‌

—‌

Total

$

—‌

$

888‌

$

(67‌)

Amounts

in

thousands

except

contracts.

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

35

INVESTMENT

COMPANIES

-

2.83%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0.47%

Invesco

Preferred

ETF

6,046‌

$

92‌

iShares

iBoxx

$

Investment

Grade

Corporate

Bond

ETF

(a)

32,000‌

4,352‌

iShares

International

Select

Dividend

ETF

65,855‌

2,129‌

SPDR

Bloomberg

Barclays

High

Yield

Bond

ETF

(a)

35,000‌

3,842‌

WisdomTree

Trust

-

WisdomTree

International

High

Dividend

Fund

ETP

(a)

118,604‌

4,720‌

WisdomTree

US

High

Dividend

Fund

ETP

82,654‌

6,513‌

$

21,648‌

Money

Market

Funds

-

2.36%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(b),(c)

16,613,767‌

16,614‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

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

92,695,532‌

92,696‌

$

109,310‌

TOTAL

INVESTMENT

COMPANIES

$

130,958‌

COMMON

STOCKS

-

38.00%

Shares

Held

Value

(000's)

Advertising

-

0.03%

Dentsu

Group

Inc

(a)

34,100‌

$

1,185‌

Aerospace

&

Defense

-

0.62%

BAE

Systems

PLC

710,317‌

5,695‌

CAE

Inc

(e)

88,300‌

2,695‌

Elbit

Systems

Ltd

1,183‌

156‌

General

Dynamics

Corp

20,693‌

4,057‌

HEICO

Corp

18,162‌

2,456‌

Lockheed

Martin

Corp

11,522‌

4,282‌

Meggitt

PLC

(e)

236,205‌

1,539‌

Northrop

Grumman

Corp

8,567‌

3,110‌

Thales

SA

5,701‌

598‌

TransDigm

Group

Inc

(e)

6,065‌

3,888‌

$

28,476‌

Agriculture

-

0.80%

Altria

Group

Inc

224,793‌

10,799‌

British

American

Tobacco

PLC

244,171‌

9,081‌

Imperial

Brands

PLC

555,624‌

11,896‌

Japan

Tobacco

Inc

266,400‌

5,206‌

$

36,982‌

Airlines

-

0.09%

Qantas

Airways

Ltd

(e)

369,866‌

1,247‌

SkyWest

Inc

(e)

42,104‌

1,705‌

Wizz

Air

Holdings

Plc

(e),(f)

21,124‌

1,452‌

$

4,404‌

Apparel

-

0.11%

Eclat

Textile

Co

Ltd

98,000‌

2,140‌

Feng

TAY

Enterprise

Co

Ltd

254,000‌

2,101‌

Tapestry

Inc

(e)

20,349‌

861‌

$

5,102‌

Automobile

Parts

&

Equipment

-

0.22%

Allison

Transmission

Holdings

Inc

61,185‌

2,442‌

Denso

Corp

52,500‌

3,607‌

Gentex

Corp

71,552‌

2,435‌

NGK

Spark

Plug

Co

Ltd

118,500‌

1,745‌

$

10,229‌

Banks

-

1.98%

Banca

Mediolanum

SpA

139,010‌

1,368‌

Banco

Bilbao

Vizcaya

Argentaria

SA

871,282‌

5,578‌

Bangkok

Bank

PCL

199,800‌

617‌

Bank

Leumi

Le-Israel

BM

(e)

64,799‌

495‌

Bank

of

America

Corp

75,127‌

2,882‌

Bank

of

East

Asia

Ltd/The

608,400‌

1,002‌

Bank

of

New

York

Mellon

Corp/The

87,686‌

4,501‌

BDO

Unibank

Inc

1,487,920‌

3,038‌

BOC

Hong

Kong

Holdings

Ltd

864,500‌

2,776‌

Cathay

General

Bancorp

56,999‌

2,159‌

Chiba

Bank

Ltd/The

264,100‌

1,502‌

Citizens

Financial

Group

Inc

77,560‌

3,270‌

Comerica

Inc

45,703‌

3,138‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Banks

(continued)

Concordia

Financial

Group

Ltd

607,200‌

$

2,174‌

Cullen/Frost

Bankers

Inc

26,729‌

2,869‌

DBS

Group

Holdings

Ltd

67,500‌

1,510‌

Fukuoka

Financial

Group

Inc

67,500‌

1,138‌

Goldman

Sachs

Group

Inc/The

6,155‌

2,307‌

Huntington

Bancshares

Inc/OH

190,303‌

2,679‌

ICICI

Bank

Ltd

ADR

147,793‌

2,747‌

Independent

Bank

Corp/MI

111,238‌

2,339‌

Israel

Discount

Bank

Ltd

(e)

51,917‌

243‌

Mediobanca

Banca

di

Credito

Finanziario

SpA

269,519‌

3,155‌

Mitsubishi

UFJ

Financial

Group

Inc

514,700‌

2,719‌

Mizrahi

Tefahot

Bank

Ltd

(e)

6,257‌

190‌

Mizuho

Financial

Group

Inc

197,900‌

2,828‌

Northern

Trust

Corp

38,891‌

4,389‌

Oversea-Chinese

Banking

Corp

Ltd

170,800‌

1,545‌

Paragon

Banking

Group

PLC

320,111‌

2,458‌

Popular

Inc

45,048‌

3,278‌

Regions

Financial

Corp

163,538‌

3,148‌

Resona

Holdings

Inc

305,300‌

1,146‌

Shizuoka

Bank

Ltd/The

233,100‌

1,683‌

State

Street

Corp

49,369‌

4,302‌

Sumitomo

Mitsui

Financial

Group

Inc

89,300‌

3,010‌

Sumitomo

Mitsui

Trust

Holdings

Inc

78,500‌

2,577‌

TCS

Group

Holding

PLC

28,527‌

2,361‌

Zions

Bancorp

NA

42,700‌

2,227‌

$

91,348‌

Beverages

-

0.16%

Coca-Cola

Europacific

Partners

PLC

11,319‌

702‌

Coca-Cola

HBC

AG

(e)

79,936‌

3,019‌

Constellation

Brands

Inc

8,219‌

1,844‌

Kirin

Holdings

Co

Ltd

95,600‌

1,749‌

$

7,314‌

Building

Materials

-

0.78%

Armstrong

World

Industries

Inc

13,900‌

1,504‌

Buzzi

Unicem

SpA

41,849‌

1,106‌

China

Lesso

Group

Holdings

Ltd

585,000‌

1,222‌

CRH

PLC

56,379‌

2,818‌

Fortune

Brands

Home

&

Security

Inc

17,451‌

1,701‌

Holcim

Ltd

(e)

102,395‌

6,003‌

Ibstock

PLC

(f)

446,655‌

1,327‌

Lennox

International

Inc

4,944‌

1,629‌

Martin

Marietta

Materials

Inc

14,909‌

5,416‌

Masco

Corp

52,866‌

3,156‌

Owens

Corning

18,757‌

1,804‌

Vulcan

Materials

Co

29,126‌

5,242‌

Wienerberger

AG

81,831‌

3,345‌

$

36,273‌

Chemicals

-

0.39%

Arkema

SA

13,564‌

1,726‌

Brenntag

SE

26,535‌

2,650‌

Celanese

Corp

16,548‌

2,578‌

Denka

Co

Ltd

33,400‌

1,156‌

ICL

Group

Ltd

31,414‌

229‌

LANXESS

AG

22,147‌

1,604‌

NewMarket

Corp

6,650‌

2,101‌

Nissan

Chemical

Corp

18,000‌

882‌

Sherwin-Williams

Co/The

4,620‌

1,345‌

Sumitomo

Bakelite

Co

Ltd

34,500‌

1,502‌

Tokai

Carbon

Co

Ltd

65,000‌

859‌

Yara

International

ASA

5,702‌

300‌

Zeon

Corp

68,600‌

937‌

$

17,869‌

Commercial

Services

-

1.35%

Ashtead

Group

PLC

56,235‌

4,208‌

ATD

New

Holdings

Inc

(e)

385,347‌

23,056‌

Automatic

Data

Processing

Inc

15,190‌

3,184‌

Booz

Allen

Hamilton

Holding

Corp

27,451‌

2,356‌

Cengage

Learning

Holdings

II

Inc

(e)

34,465‌

732‌

Cintas

Corp

5,088‌

2,006‌

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

36

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Commercial

Services

(continued)

Dai

Nippon

Printing

Co

Ltd

112,100‌

$

2,642‌

ManpowerGroup

Inc

31,851‌

3,777‌

NICE

Information

Service

Co

Ltd

95,088‌

1,985‌

Omni

Bridgeway

Ltd

577,179‌

1,465‌

Quanta

Services

Inc

3,756‌

341‌

Robert

Half

International

Inc

29,084‌

2,856‌

S&P

Global

Inc

3,221‌

1,381‌

Service

Corp

International/US

42,977‌

2,686‌

Sohgo

Security

Services

Co

Ltd

19,600‌

917‌

TOPPAN

INC

137,600‌

2,334‌

TransUnion

36,917‌

4,432‌

Triton

International

Ltd

35,051‌

1,850‌

$

62,208‌

Computers

-

0.57%

Accenture

PLC

-

Class

A

6,706‌

2,130‌

Amdocs

Ltd

28,651‌

2,209‌

Apple

Inc

7,007‌

1,022‌

Bechtle

AG

4,307‌

889‌

Capgemini

SE

17,190‌

3,716‌

Cognizant

Technology

Solutions

Corp

20,950‌

1,540‌

Fujitsu

Ltd

5,400‌

919‌

HP

Inc

108,207‌

3,124‌

Itochu

Techno-Solutions

Corp

37,300‌

1,144‌

Logitech

International

SA

10,867‌

1,194‌

NetApp

Inc

61,588‌

4,902‌

NSD

Co

Ltd

53,700‌

921‌

Obic

Co

Ltd

6,900‌

1,213‌

Otsuka

Corp

30,100‌

1,564‌

$

26,487‌

Consumer

Products

-

0.12%

Clorox

Co/The

16,827‌

3,044‌

Henkel

AG

&

Co

KGaA

29,775‌

2,707‌

$

5,751‌

Cosmetics

&

Personal

Care

-

0.20%

Kao

Corp

17,600‌

1,060‌

Procter

&

Gamble

Co/The

26,042‌

3,704‌

Unilever

PLC

76,234‌

4,387‌

$

9,151‌

Distribution

&

Wholesale

-

0.43%

Bunzl

PLC

73,926‌

2,739‌

Fastenal

Co

127,082‌

6,961‌

Marubeni

Corp

291,400‌

2,480‌

Mitsubishi

Corp

96,200‌

2,698‌

Sumitomo

Corp

189,100‌

2,570‌

Toromont

Industries

Ltd

30,900‌

2,611‌

$

20,059‌

Diversified

Financial

Services

-

1.22%

Ameriprise

Financial

Inc

10,685‌

2,752‌

Apollo

Global

Management

Inc

(a)

103,790‌

6,109‌

Cboe

Global

Markets

Inc

20,791‌

2,463‌

Discover

Financial

Services

25,004‌

3,108‌

Hana

Financial

Group

Inc

44,178‌

1,667‌

Hargreaves

Lansdown

PLC

174,707‌

3,963‌

Jefferies

Financial

Group

Inc

96,849‌

3,214‌

LPL

Financial

Holdings

Inc

20,462‌

2,886‌

Magellan

Financial

Group

Ltd

88,670‌

3,199‌

Mastercard

Inc

1,647‌

636‌

Mitsubishi

HC

Capital

Inc

161,500‌

881‌

Nomura

Holdings

Inc

418,400‌

2,095‌

OneMain

Holdings

Inc

89,118‌

5,436‌

ORIX

Corp

150,000‌

2,624‌

Raymond

James

Financial

Inc

13,839‌

1,792‌

SEI

Investments

Co

28,857‌

1,755‌

Synchrony

Financial

73,941‌

3,477‌

T

Rowe

Price

Group

Inc

17,205‌

3,513‌

Western

Union

Co/The

209,746‌

4,868‌

$

56,438‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Electric

-

4.03%

AGL

Energy

Ltd

713,263‌

$

3,777‌

Alliant

Energy

Corp

231,805‌

13,568‌

Ameren

Corp

179,954‌

15,102‌

CMS

Energy

Corp

231,209‌

14,286‌

Edison

International

239,238‌

13,038‌

Enel

SpA

975,000‌

8,985‌

Entergy

Corp

134,219‌

13,814‌

Eversource

Energy

65,320‌

5,635‌

Exelon

Corp

275,000‌

12,870‌

Mercury

NZ

Ltd

22,868‌

105‌

Meridian

Energy

Ltd

43,015‌

156‌

NextEra

Energy

Inc

200,900‌

15,650‌

Northland

Power

Inc

40,200‌

1,411‌

NRG

Energy

Inc

115,499‌

4,763‌

PG&E

Corp

(e)

515,000‌

4,527‌

Portland

General

Electric

Co

65,809‌

3,218‌

Public

Service

Enterprise

Group

Inc

146,952‌

9,145‌

Red

Electrica

Corp

SA

388,511‌

7,696‌

Sempra

Energy

63,265‌

8,266‌

Tohoku

Electric

Power

Co

Inc

292,000‌

2,212‌

Vistra

Corp

228,073‌

4,368‌

WEC

Energy

Group

Inc

120,383‌

11,333‌

Xcel

Energy

Inc

177,520‌

12,116‌

$

186,041‌

Electrical

Components

&

Equipment

-

0.26%

Acuity

Brands

Inc

4,299‌

754‌

AMETEK

Inc

26,904‌

3,741‌

Ecopro

BM

Co

Ltd

8,271‌

2,085‌

Frencken

Group

Ltd

3,860,300‌

5,418‌

$

11,998‌

Electronics

-

0.17%

Allegion

plc

13,595‌

1,857‌

Avnet

Inc

72,861‌

3,011‌

Mycronic

AB

42,843‌

1,258‌

SYNNEX

Corp

13,947‌

1,667‌

$

7,793‌

Engineering

&

Construction

-

0.46%

Bouygues

SA

132,309‌

5,099‌

Grupo

Aeroportuario

del

Pacifico

SAB

de

CV

(e)

159,800‌

1,828‌

HOCHTIEF

AG

93,221‌

7,397‌

Kyowa

Exeo

Corp

50,200‌

1,248‌

Obayashi

Corp

246,000‌

2,012‌

Skanska

AB

57,535‌

1,624‌

SPIE

SA

90,379‌

2,141‌

$

21,349‌

Entertainment

-

0.21%

Entain

PLC

(e)

100,701‌

2,539‌

Genting

Singapore

Ltd

2,129,400‌

1,271‌

Kindred

Group

PLC

107,085‌

1,753‌

Vail

Resorts

Inc

(e)

13,130‌

4,007‌

$

9,570‌

Food

-

1.08%

Calbee

Inc

41,000‌

942‌

Chocoladefabriken

Lindt

&

Spruengli

AG

-

PC

388‌

4,346‌

Chocoladefabriken

Lindt

&

Spruengli

AG

-

REG

35‌

4,054‌

Coles

Group

Ltd

196,603‌

2,530‌

Empire

Co

Ltd

46,700‌

1,534‌

Etablissements

Franz

Colruyt

NV

33,617‌

1,911‌

ICA

Gruppen

AB

(a)

55,439‌

2,741‌

Kesko

Oyj

124,748‌

5,347‌

Koninklijke

Ahold

Delhaize

NV

176,421‌

5,484‌

Kroger

Co/The

84,796‌

3,451‌

Loblaw

Cos

Ltd

39,000‌

2,638‌

MEIJI

Holdings

Co

Ltd

21,800‌

1,350‌

Metro

Inc/CN

37,900‌

1,966‌

Mondelez

International

Inc

53,356‌

3,375‌

Mowi

ASA

14,379‌

366‌

Nissin

Foods

Holdings

Co

Ltd

10,800‌

769‌

Orkla

ASA

24,571‌

223‌

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

37

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Food

(continued)

Seven

&

i

Holdings

Co

Ltd

38,900‌

$

1,736‌

Toyo

Suisan

Kaisha

Ltd

25,000‌

954‌

Tyson

Foods

Inc

47,481‌

3,393‌

Yakult

Honsha

Co

Ltd

11,400‌

674‌

$

49,784‌

Forest

Products

&

Paper

-

0.02%

West

Fraser

Timber

Co

Ltd

12,100‌

868‌

Gas

-

0.99%

Atmos

Energy

Corp

142,471‌

14,046‌

Enagas

SA

384,271‌

8,826‌

Hong

Kong

&

China

Gas

Co

Ltd

1,040,450‌

1,692‌

NiSource

Inc

547,447‌

13,560‌

Southwest

Gas

Holdings

Inc

79,672‌

5,571‌

UGI

Corp

48,023‌

2,209‌

$

45,904‌

Hand

&

Machine

Tools

-

0.12%

Snap-on

Inc

14,076‌

3,068‌

Techtronic

Industries

Co

Ltd

130,000‌

2,318‌

$

5,386‌

Healthcare

-

Products

-

0.26%

Carl

Zeiss

Meditec

AG

(a)

7,699‌

1,715‌

Fisher

&

Paykel

Healthcare

Corp

Ltd

19,300‌

425‌

Osstem

Implant

Co

Ltd

26,748‌

3,009‌

Smith

&

Nephew

PLC

111,037‌

2,266‌

STERIS

PLC

20,243‌

4,412‌

$

11,827‌

Healthcare

-

Services

-

0.48%

Anthem

Inc

5,195‌

1,995‌

Chemed

Corp

850‌

405‌

Encompass

Health

Corp

15,994‌

1,332‌

Fresenius

Medical

Care

AG

&

Co

KGaA

31,972‌

2,520‌

Fresenius

SE

&

Co

KGaA

58,625‌

3,081‌

Humana

Inc

2,180‌

929‌

ICON

PLC

(e)

7,306‌

1,777‌

NMC

Health

PLC

(e),(g)

9,858‌

—‌

Notre

Dame

Intermedica

Participacoes

SA

131,900‌

2,026‌

Pharmaron

Beijing

Co

Ltd

(f)

101,900‌

2,235‌

Quest

Diagnostics

Inc

10,207‌

1,447‌

Ryman

Healthcare

Ltd

13,430‌

123‌

Sonic

Healthcare

Ltd

64,476‌

1,905‌

UnitedHealth

Group

Inc

5,500‌

2,267‌

Universal

Health

Services

Inc

1,604‌

257‌

$

22,299‌

Holding

Companies

-

Diversified

-

0.07%

CK

Hutchison

Holdings

Ltd

339,500‌

2,480‌

Jardine

Matheson

Holdings

Ltd

11,948‌

711‌

$

3,191‌

Home

Builders

-

0.37%

DR

Horton

Inc

20,424‌

1,949‌

Lennar

Corp

-

A

Shares

13,691‌

1,440‌

Lennar

Corp

-

B

Shares

21,534‌

1,859‌

Persimmon

PLC

75,830‌

3,059‌

PulteGroup

Inc

74,176‌

4,070‌

Sekisui

House

Ltd

(a)

135,100‌

2,676‌

Toll

Brothers

Inc

38,147‌

2,261‌

$

17,314‌

Home

Furnishings

-

0.20%

GN

Store

Nord

AS

17,073‌

1,496‌

Howden

Joinery

Group

PLC

138,365‌

1,724‌

JS

Global

Lifestyle

Co

Ltd

(f)

817,000‌

2,060‌

Sony

Group

Corp

2,600‌

272‌

Targus

Group

International

Inc

(e),(g)

75,880‌

4‌

Whirlpool

Corp

17,040‌

3,775‌

$

9,331‌

Housewares

-

0.12%

Newell

Brands

Inc

215,334‌

5,330‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Insurance

-

2.66%

Aflac

Inc

64,102‌

$

3,526‌

Allianz

SE

21,080‌

5,240‌

Allstate

Corp/The

23,890‌

3,107‌

American

Financial

Group

Inc/OH

24,194‌

3,060‌

Arthur

J

Gallagher

&

Co

30,431‌

4,239‌

ASR

Nederland

NV

77,587‌

3,188‌

Assurant

Inc

21,350‌

3,369‌

Axis

Capital

Holdings

Ltd

81,202‌

4,131‌

Everest

Re

Group

Ltd

13,324‌

3,369‌

Fairfax

Financial

Holdings

Ltd

5,400‌

2,275‌

Fidelity

National

Financial

Inc

177,197‌

7,905‌

First

American

Financial

Corp

81,043‌

5,455‌

Gjensidige

Forsikring

ASA

6,544‌

150‌

Great-West

Lifeco

Inc

189,400‌

5,699‌

Hanover

Insurance

Group

Inc/The

52,439‌

7,127‌

Hartford

Financial

Services

Group

Inc/The

64,818‌

4,124‌

Insurance

Australia

Group

Ltd

429,656‌

1,532‌

Kemper

Corp

26,587‌

1,755‌

Manulife

Financial

Corp

199,600‌

3,859‌

MGIC

Investment

Corp

203,367‌

2,814‌

NN

Group

NV

71,568‌

3,558‌

Primerica

Inc

10,522‌

1,538‌

Progressive

Corp/The

6,804‌

647‌

Prudential

Financial

Inc

74,379‌

7,459‌

Qualitas

Controladora

SAB

de

CV

452,200‌

2,197‌

Reinsurance

Group

of

America

Inc

23,558‌

2,596‌

Sompo

Holdings

Inc

59,700‌

2,468‌

Sun

Life

Financial

Inc

67,300‌

3,505‌

Swiss

Life

Holding

AG

6,409‌

3,306‌

Swiss

Re

AG

104,110‌

9,439‌

T&D

Holdings

Inc

136,900‌

1,752‌

Travelers

Cos

Inc/The

20,008‌

2,979‌

Unum

Group

204,378‌

5,600‌

$

122,968‌

Internet

-

0.33%

21Vianet

Group

Inc

ADR

(e)

24,662‌

427‌

CDW

Corp/DE

25,805‌

4,732‌

Cogent

Communications

Holdings

Inc

64,824‌

5,031‌

eBay

Inc

26,059‌

1,777‌

Trend

Micro

Inc/Japan

37,400‌

1,947‌

United

Internet

AG

32,934‌

1,363‌

$

15,277‌

Investment

Companies

-

0.09%

SIMPAR

SA

317,500‌

4,258‌

Iron

&

Steel

-

0.63%

Fortescue

Metals

Group

Ltd

231,227‌

4,225‌

Reliance

Steel

&

Aluminum

Co

32,331‌

5,081‌

Specialty

Steel

Holdings,

Inc.

(e),(g)

87‌

18,239‌

Steel

Dynamics

Inc

20,927‌

1,349‌

$

28,894‌

Leisure

Products

&

Services

-

0.04%

Brunswick

Corp/DE

16,412‌

1,713‌

Lodging

-

0.11%

Choice

Hotels

International

Inc

2,736‌

328‌

City

Developments

Ltd

74,500‌

376‌

Hyatt

Hotels

Corp

(e)

39,826‌

3,181‌

Melco

Resorts

&

Entertainment

Ltd

ADR

(e)

11,889‌

165‌

Travel

+

Leisure

Co

15,881‌

823‌

$

4,873‌

Machinery

-

Construction

&

Mining

-

0.06%

Mitsubishi

Electric

Corp

93,800‌

1,273‌

Oshkosh

Corp

14,097‌

1,685‌

$

2,958‌

Machinery

-

Diversified

-

0.33%

Cognex

Corp

34,462‌

3,116‌

Dover

Corp

35,859‌

5,993‌

Ebara

Corp

36,200‌

1,790‌

GEA

Group

AG

46,018‌

2,040‌

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

38

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Machinery

-

Diversified

(continued)

Husqvarna

AB

156,562‌

$

2,191‌

$

15,130‌

Media

-

0.60%

Altice

USA

Inc

(e)

235,291‌

7,230‌

Charter

Communications

Inc

(e)

7,873‌

5,858‌

Nexstar

Media

Group

Inc

15,813‌

2,326‌

Quebecor

Inc

84,800‌

2,219‌

Schibsted

ASA

-

A

Shares

2,474‌

131‌

Shaw

Communications

Inc

255,000‌

7,448‌

ViacomCBS

Inc

-

Class

A

(a)

29,212‌

1,301‌

World

Wrestling

Entertainment

Inc

24,715‌

1,220‌

$

27,733‌

Metal

Fabrication

&

Hardware

-

0.14%

Rexnord

Corp

72,245‌

4,070‌

SKF

AB

92,763‌

2,468‌

$

6,538‌

Mining

-

0.85%

Arctic

Canadian

Diamond

Co

Ltd

(e),(g)

6,589‌

1,259‌

Barrick

Gold

Corp

87,800‌

1,911‌

Evolution

Mining

Ltd

692,688‌

2,107‌

Impala

Platinum

Holdings

Ltd

77,253‌

1,393‌

Kirkland

Lake

Gold

Ltd

50,000‌

2,138‌

Lundin

Mining

Corp

49,800‌

454‌

Newcrest

Mining

Ltd

54,953‌

1,062‌

Newmont

Corp

44,190‌

2,776‌

Norsk

Hydro

ASA

43,994‌

293‌

Northern

Star

Resources

Ltd

124,544‌

928‌

OZ

Minerals

Ltd

27,540‌

467‌

Real

Alloy

Holding

Inc

(e),(g)

362‌

15,380‌

Rio

Tinto

Ltd

26,731‌

2,620‌

Rio

Tinto

PLC

55,666‌

4,728‌

Yamana

Gold

Inc

429,900‌

1,926‌

$

39,442‌

Miscellaneous

Manufacturers

-

0.29%

A

O

Smith

Corp

35,662‌

2,508‌

Carlisle

Cos

Inc

12,361‌

2,500‌

Elite

Material

Co

Ltd

257,000‌

2,078‌

Trelleborg

AB

58,197‌

1,439‌

Utex

Industries

(e)

120,675‌

4,948‌

Utex

Industries

-

Warrants

(e),(h)

53,725‌

—‌

$

13,473‌

Oil

&

Gas

-

0.71%

Aker

BP

ASA

83,854‌

2,259‌

Cabot

Oil

&

Gas

Corp

146,733‌

2,348‌

Canadian

Natural

Resources

Ltd

161,800‌

5,339‌

DCC

PLC

31,815‌

2,664‌

ENEOS

Holdings

Inc

644,600‌

2,708‌

EOG

Resources

Inc

45,239‌

3,296‌

Equinor

ASA

31,971‌

623‌

Galp

Energia

SGPS

SA

711,885‌

6,942‌

Marathon

Oil

Corp

163,129‌

1,891‌

Pioneer

Natural

Resources

Co

24,213‌

3,519‌

SandRidge

Energy

Inc

(e)

286‌

2‌

SandRidge

Energy

Inc

-

Warrants

(e)

248‌

—‌

SandRidge

Energy

Inc

-

Warrants

(e)

104‌

—‌

Santos

Ltd

294,187‌

1,388‌

$

32,979‌

Packaging

&

Containers

-

0.16%

DS

Smith

PLC

292,392‌

1,718‌

SIG

Combibloc

Group

AG

(e)

110,772‌

3,268‌

Westrock

Co

49,976‌

2,459‌

$

7,445‌

Pharmaceuticals

-

1.08%

AbbVie

Inc

52,406‌

6,095‌

AmerisourceBergen

Corp

21,093‌

2,577‌

Bristol-Myers

Squibb

Co

61,482‌

4,173‌

Grifols

SA

59,228‌

1,506‌

Hikma

Pharmaceuticals

PLC

54,355‌

1,999‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Pharmaceuticals

(continued)

Ipsen

SA

17,563‌

$

1,877‌

McKesson

Corp

7,257‌

1,479‌

Novartis

AG

62,156‌

5,748‌

Novo

Nordisk

A/S

116,352‌

10,771‌

Orion

Oyj

113,942‌

4,850‌

Recordati

Industria

Chimica

e

Farmaceutica

SpA

50,350‌

3,114‌

Santen

Pharmaceutical

Co

Ltd

84,100‌

1,139‌

Shionogi

&

Co

Ltd

23,200‌

1,222‌

Ship

Healthcare

Holdings

Inc

55,500‌

1,400‌

Sumitomo

Dainippon

Pharma

Co

Ltd

63,300‌

1,096‌

Zoetis

Inc

4,432‌

898‌

$

49,944‌

Pipelines

-

0.11%

Keyera

Corp

(a)

95,800‌

2,565‌

ONEOK

Inc

45,700‌

2,375‌

$

4,940‌

Private

Equity

-

0.25%

Centuria

Capital

Group

442,751‌

950‌

Intermediate

Capital

Group

PLC

156,162‌

4,706‌

KKR

&

Co

Inc

94,628‌

6,033‌

$

11,689‌

Real

Estate

-

0.84%

Azrieli

Group

Ltd

1,893‌

151‌

Castellum

AB

80,567‌

2,257‌

CBRE

Group

Inc

(e)

36,834‌

3,553‌

CK

Asset

Holdings

Ltd

370,500‌

2,521‌

Daito

Trust

Construction

Co

Ltd

25,200‌

2,961‌

Echo

Investment

SA

(a)

46,460‌

55‌

ESR

Cayman

Ltd

(e),(f)

100,800‌

354‌

ESR

Kendall

Square

REIT

Co

Ltd

93,709‌

556‌

Fabege

AB

32,616‌

565‌

Hongkong

Land

Holdings

Ltd

566,151‌

2,569‌

Hysan

Development

Co

Ltd

589,000‌

2,318‌

LEG

Immobilien

SE

7,519‌

1,188‌

Midea

Real

Estate

Holding

Ltd

(f)

383,200‌

648‌

Mitsubishi

Estate

Co

Ltd

145,100‌

2,276‌

Mitsui

Fudosan

Co

Ltd

85,270‌

1,994‌

New

World

Development

Co

Ltd

400,395‌

1,898‌

Shimao

Services

Holdings

Ltd

(f)

613,000‌

1,415‌

Sun

Hung

Kai

Properties

Ltd

257,000‌

3,676‌

Sunac

Services

Holdings

Ltd

(f)

163,000‌

442‌

TAG

Immobilien

AG

67,258‌

2,231‌

Vonovia

SE

60,115‌

4,002‌

Wihlborgs

Fastigheter

AB

26,851‌

626‌

Zhongliang

Holdings

Group

Co

Ltd

947,500‌

515‌

$

38,771‌

REITs

-

5.32%

Agree

Realty

Corp

6,732‌

506‌

AIMS

APAC

REIT

630,390‌

735‌

Alexandria

Real

Estate

Equities

Inc

11,890‌

2,394‌

Allied

Properties

Real

Estate

Investment

Trust

21,300‌

780‌

alstria

office

REIT-AG

54,195‌

1,147‌

American

Assets

Trust

Inc

17,799‌

657‌

American

Homes

4

Rent

73,525‌

3,088‌

American

Tower

Corp

33,399‌

9,445‌

Apartment

Income

REIT

Corp

32,936‌

1,734‌

ARA

LOGOS

Logistics

Trust

276,001‌

183‌

Arena

REIT

261,997‌

681‌

AvalonBay

Communities

Inc

15,176‌

3,457‌

Big

Yellow

Group

PLC

36,338‌

732‌

Blackstone

Mortgage

Trust

Inc

141,577‌

4,590‌

Brandywine

Realty

Trust

816,008‌

11,392‌

Broadstone

Net

Lease

Inc

53,288‌

1,387‌

Camden

Property

Trust

36,746‌

5,489‌

CapitaLand

Integrated

Commercial

Trust

522,900‌

829‌

CareTrust

REIT

Inc

153,014‌

3,691‌

Centuria

Industrial

REIT

154,954‌

436‌

Centuria

Office

REIT

38,194‌

69‌

Charter

Hall

Group

207,507‌

2,480‌

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

39

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

REITs

(continued)

City

Office

REIT

Inc

25,727‌

$

331‌

CoreSite

Realty

Corp

77,505‌

10,712‌

Cousins

Properties

Inc

24,413‌

970‌

Covivio

7,015‌

659‌

CRE

Logistics

REIT

Inc

530‌

1,004‌

Cromwell

European

Real

Estate

Investment

Trust

373,080‌

1,102‌

CubeSmart

50,135‌

2,490‌

CyrusOne

Inc

12,562‌

895‌

Daiwa

House

REIT

Investment

Corp

327‌

974‌

Daiwa

Office

Investment

Corp

78‌

563‌

Dexus/AU

268,831‌

2,031‌

Dream

Industrial

Real

Estate

Investment

Trust

188,830‌

2,429‌

Duke

Realty

Corp

60,820‌

3,094‌

Equinix

Inc

8,046‌

6,601‌

ESR-REIT

2,050,800‌

673‌

Essex

Property

Trust

Inc

22,049‌

7,234‌

Far

East

Hospitality

Trust

513,930‌

220‌

First

Industrial

Realty

Trust

Inc

101,983‌

5,587‌

Gecina

SA

4,689‌

744‌

GLP

J-Reit

(e)

1,429‌

2,559‌

Goodman

Group

62,270‌

1,036‌

Granite

Real

Estate

Investment

Trust

14,300‌

990‌

Healthcare

Trust

of

America

Inc

50,329‌

1,439‌

Highwoods

Properties

Inc

191,658‌

9,140‌

Independence

Realty

Trust

Inc

235,227‌

4,535‌

Industrial

&

Infrastructure

Fund

Investment

Corp

792‌

1,535‌

Industrial

Logistics

Properties

Trust

116,459‌

3,156‌

Ingenia

Communities

Group

121,866‌

520‌

Inmobiliaria

Colonial

Socimi

SA

56,362‌

601‌

Invitation

Homes

Inc

113,900‌

4,633‌

Irongate

Group

517,107‌

557‌

Keppel

DC

REIT

693,900‌

1,351‌

Kilroy

Realty

Corp

14,747‌

1,021‌

Klepierre

SA

530,609‌

12,847‌

Lendlease

Global

Commercial

REIT

345,600‌

223‌

Link

REIT

311,900‌

2,981‌

Mapletree

Industrial

Trust

800,430‌

1,772‌

Mapletree

Logistics

Trust

484,122‌

754‌

Merlin

Properties

Socimi

SA

132,011‌

1,481‌

MGM

Growth

Properties

LLC

72,640‌

2,746‌

Minto

Apartment

Real

Estate

Investment

Trust

(f)

21,016‌

414‌

Mitsui

Fudosan

Logistics

Park

Inc

(e)

350‌

1,960‌

Mori

Hills

REIT

Investment

Corp

386‌

568‌

New

Residential

Investment

Corp

228,537‌

2,230‌

NewRiver

REIT

PLC

132,149‌

154‌

NexPoint

Residential

Trust

Inc

49,466‌

2,916‌

Nippon

Accommodations

Fund

Inc

421‌

2,577‌

Nomura

Real

Estate

Master

Fund

Inc

636‌

1,011‌

NSI

NV

20,917‌

869‌

Paramount

Group

Inc

541,250‌

5,283‌

Park

Hotels

&

Resorts

Inc

(e)

66,160‌

1,224‌

Plymouth

Industrial

REIT

Inc

45,991‌

1,061‌

Primary

Health

Properties

PLC

175,288‌

399‌

Prologis

Inc

34,591‌

4,429‌

Rexford

Industrial

Realty

Inc

16,492‌

1,015‌

Sabra

Health

Care

REIT

Inc

102,823‌

1,911‌

SBA

Communications

Corp

41,390‌

14,113‌

Segro

PLC

126,461‌

2,138‌

Sekisui

House

Reit

Inc

1,360‌

1,198‌

SF

Real

Estate

Investment

Trust

(e)

1,665,000‌

928‌

Simon

Property

Group

Inc

5,093‌

644‌

STAG

Industrial

Inc

91,721‌

3,790‌

STORE

Capital

Corp

170,767‌

6,180‌

Summit

Industrial

Income

REIT

120,349‌

1,830‌

Sun

Communities

Inc

25,335‌

4,968‌

Sunstone

Hotel

Investors

Inc

(e)

53,280‌

615‌

Tritax

Big

Box

REIT

PLC

512,795‌

1,500‌

UNITE

Group

PLC/The

52,314‌

842‌

Ventas

Inc

33,187‌

1,984‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

REITs

(continued)

VICI

Properties

Inc

254,140‌

$

7,927‌

Welltower

Inc

47,293‌

4,108‌

Weyerhaeuser

Co

24,898‌

840‌

WPT

Industrial

Real

Estate

Investment

Trust

223,617‌

4,237‌

$

245,955‌

Retail

-

1.12%

Advance

Auto

Parts

Inc

4,888‌

1,037‌

Alimentation

Couche-Tard

Inc

20,700‌

834‌

Best

Buy

Co

Inc

38,748‌

4,354‌

Bloomin'

Brands

Inc

(e)

47,666‌

1,198‌

Caleres

Inc

154,547‌

3,823‌

Canadian

Tire

Corp

Ltd

(a)

19,400‌

2,985‌

China

Meidong

Auto

Holdings

Ltd

394,000‌

2,127‌

Cosmos

Pharmaceutical

Corp

1,600‌

272‌

Darden

Restaurants

Inc

6,348‌

926‌

Dick's

Sporting

Goods

Inc

(a)

30,845‌

3,212‌

Dollar

General

Corp

5,067‌

1,179‌

Domino's

Pizza

Inc

3,264‌

1,715‌

Genuine

Parts

Co

35,775‌

4,541‌

Grafton

Group

PLC

142,927‌

2,550‌

Home

Depot

Inc/The

11,299‌

3,708‌

Lowe's

Cos

Inc

11,323‌

2,182‌

Marui

Group

Co

Ltd

73,900‌

1,294‌

Nu

Skin

Enterprises

Inc

72,197‌

3,876‌

Pan

Pacific

International

Holdings

Corp

15,600‌

326‌

Ruth's

Hospitality

Group

Inc

(e)

54,804‌

1,094‌

Shimamura

Co

Ltd

11,400‌

1,102‌

Sundrug

Co

Ltd

27,800‌

902‌

Tractor

Supply

Co

8,305‌

1,503‌

Tsuruha

Holdings

Inc

6,000‌

708‌

USS

Co

Ltd

90,100‌

1,568‌

Welcia

Holdings

Co

Ltd

15,000‌

511‌

Williams-Sonoma

Inc

14,723‌

2,233‌

$

51,760‌

Savings

&

Loans

-

0.10%

People's

United

Financial

Inc

281,224‌

4,415‌

Semiconductors

-

0.66%

Advantest

Corp

6,600‌

583‌

Broadcom

Inc

7,596‌

3,687‌

Entegris

Inc

33,042‌

3,986‌

Hana

Materials

Inc

37,120‌

1,659‌

Intel

Corp

45,509‌

2,445‌

KoMiCo

Ltd

74,903‌

4,250‌

Microchip

Technology

Inc

29,229‌

4,183‌

PSK

Inc

117,483‌

4,342‌

SiTime

Corp

(e)

25,286‌

3,430‌

Tokyo

Ohka

Kogyo

Co

Ltd

28,100‌

1,821‌

$

30,386‌

Shipbuilding

-

0.08%

Huntington

Ingalls

Industries

Inc

17,625‌

3,615‌

Software

-

0.46%

Cerner

Corp

19,977‌

1,606‌

Concentrix

Corp

(e)

11,175‌

1,830‌

Jack

Henry

&

Associates

Inc

9,806‌

1,707‌

Nemetschek

SE

9,027‌

797‌

Nexon

Co

Ltd

2,900‌

60‌

Oracle

Corp

28,994‌

2,527‌

Pro

Medicus

Ltd

132,880‌

5,680‌

Skillsoft

Corp

(e)

230,831‌

2,008‌

SS&C

Technologies

Holdings

Inc

16,163‌

1,267‌

TIS

Inc

40,500‌

1,050‌

Tyler

Technologies

Inc

(e)

5,128‌

2,526‌

WiseTech

Global

Ltd

3,392‌

77‌

$

21,135‌

Storage

&

Warehousing

-

0.03%

Safestore

Holdings

PLC

94,422‌

1,385‌

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

40

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Telecommunications

-

2.04%

Accton

Technology

Corp

270,000‌

$

3,161‌

AT&T

Inc

336,001‌

9,425‌

BCE

Inc

128,900‌

6,434‌

Cisco

Systems

Inc/Delaware

89,897‌

4,978‌

Hikari

Tsushin

Inc

6,400‌

1,108‌

KDDI

Corp

71,100‌

2,174‌

Motorola

Solutions

Inc

10,345‌

2,316‌

Orange

SA

(a)

576,913‌

6,421‌

Proximus

SADP

(a)

350,705‌

7,207‌

SoftBank

Corp

264,000‌

3,448‌

Spark

New

Zealand

Ltd

61,672‌

204‌

Swisscom

AG

13,600‌

8,174‌

Tele2

AB

588,615‌

8,646‌

Telefonica

Deutschland

Holding

AG

3,051,024‌

8,224‌

Telenor

ASA

22,892‌

397‌

Telephone

and

Data

Systems

Inc

266,972‌

5,967‌

T-Mobile

US

Inc

(e)

62,700‌

9,030‌

Ubiquiti

Inc

1,856‌

581‌

Vodafone

Group

PLC

3,881,374‌

6,241‌

$

94,136‌

Toys,

Games

&

Hobbies

-

0.03%

Nintendo

Co

Ltd

2,500‌

1,285‌

Transportation

-

0.64%

Aurizon

Holdings

Ltd

1,441,503‌

4,091‌

Deutsche

Post

AG

59,793‌

4,052‌

DSV

PANALPINA

A/S

5,064‌

1,234‌

Expeditors

International

of

Washington

Inc

15,491‌

1,987‌

Knight-Swift

Transportation

Holdings

Inc

21,546‌

1,071‌

Old

Dominion

Freight

Line

Inc

1,644‌

442‌

Poste

Italiane

SpA

(f)

201,435‌

2,666‌

PostNL

NV

562,375‌

3,043‌

Ryder

System

Inc

61,283‌

4,667‌

Sankyu

Inc

54,600‌

2,454‌

Schneider

National

Inc

61,067‌

1,370‌

Union

Pacific

Corp

11,497‌

2,515‌

$

29,592‌

Water

-

0.33%

American

Water

Works

Co

Inc

90,900‌

15,463‌

TOTAL

COMMON

STOCKS

$

1,755,413‌

CONVERTIBLE

PREFERRED

STOCKS

-

0.02%

Shares

Held

Value

(000's)

REITs

-

0.02%

RPT

Realty

7.25%

(i)

18,000‌

$

1,018‌

TOTAL

CONVERTIBLE

PREFERRED

STOCKS

$

1,018‌

PREFERRED

STOCKS

-

1.38%

Shares

Held

Value

(000's)

Banks

-

0.34%

AgriBank

FCB

6.88%,

01/01/2024

(i)

33,000‌

$

3,597‌

3

Month

USD

LIBOR

+

4.23%

Fifth

Third

Bancorp

6.63%,

12/31/2023

(i)

63,642‌

1,827‌

3

Month

USD

LIBOR

+

3.71%

KeyCorp

6.13%,

12/15/2026

(i)

33,040‌

986‌

3

Month

USD

LIBOR

+

3.89%

Morgan

Stanley

5.85%,

04/15/2027

(i)

60,000‌

1,785‌

3

Month

USD

LIBOR

+

3.49%

Northern

Trust

Corp

4.70%,

01/01/2025

(i)

3,727‌

102‌

PNC

Financial

Services

Group

Inc/The

6.13%,

05/01/2022

(i)

19,390‌

507‌

3

Month

USD

LIBOR

+

4.07%

Regions

Financial

Corp

5.70%,

05/15/2029

(i)

37,100‌

1,081‌

3

Month

USD

LIBOR

+

3.15%

State

Street

Corp

5.35%,

03/15/2026

(i)

2,639‌

80‌

3

Month

USD

LIBOR

+

3.71%

State

Street

Corp

5.90%,

03/15/2024

(i)

63,900‌

1,828‌

3

Month

USD

LIBOR

+

3.11%

Synovus

Financial

Corp

5.88%,

07/01/2024

(i)

6,591‌

184‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.13%

US

Bancorp

6.50%,

01/15/2022

(i)

579‌

15‌

3

Month

USD

LIBOR

+

4.47%

PREFERRED

STOCKS

(continued)

Shares

Held

Value

(000’s)

Banks

(continued)

Valley

National

Bancorp

6.25%,

06/30/2025

(i)

119,724‌

$

3,597‌

3

Month

USD

LIBOR

+

3.85%

Wells

Fargo

&

Co

5.63%,

06/15/2022

(i)

3,057‌

80‌

Wells

Fargo

&

Co

6.63%,

03/15/2024

(i)

4,221‌

122‌

3

Month

USD

LIBOR

+

3.69%

$

15,791‌

Consumer

Products

-

0.05%

Henkel

AG

&

Co

KGaA

1.85%

24,367‌

2,471‌

Diversified

Financial

Services

-

0.00%

Affiliated

Managers

Group

Inc

5.88%,

03/30/2059

5,000‌

140‌

Electric

-

0.31%

Alabama

Power

Co

5.00%,

10/01/2022

(i)

61,989‌

1,652‌

Algonquin

Power

&

Utilities

Corp

6.20%,

07/01/2079

50,000‌

1,399‌

3

Month

USD

LIBOR

+

4.01%

CMS

Energy

Corp

5.88%,

03/01/2079

188,623‌

5,212‌

Dominion

Energy

Inc

5.25%,

07/30/2076

32,917‌

832‌

DTE

Energy

Co

5.25%,

12/01/2077

35,000‌

926‌

Duke

Energy

Corp

5.75%,

06/15/2024

(i)

6,332‌

180‌

NextEra

Energy

Capital

Holdings

Inc

5.65%,

03/01/2079

107,104‌

2,991‌

Southern

Co/The

5.25%,

12/01/2077

30,863‌

831‌

$

14,023‌

Food

-

0.02%

Dairy

Farmers

of

America

Inc

7.88%,

12/01/2025

(f),(i)

10,000‌

1,022‌

Insurance

-

0.09%

Arch

Capital

Group

Ltd

5.25%,

09/29/2021

(i)

17,403‌

441‌

Hartford

Financial

Services

Group

Inc/The

7.88%,

04/15/2042

57,124‌

1,511‌

3

Month

USD

LIBOR

+

5.60%

Voya

Financial

Inc

5.35%,

09/15/2029

(i)

77,600‌

2,343‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.21%

$

4,295‌

Pipelines

-

0.02%

Enbridge

Inc

6.38%,

04/15/2078

37,405‌

1,019‌

3

Month

USD

LIBOR

+

3.59%

REITs

-

0.26%

Kimco

Realty

Corp

5.25%,

12/20/2022

(i)

16,419‌

442‌

Prologis

Inc

8.54%,

11/13/2026

(i)

83,532‌

6,014‌

Public

Storage

4.00%,

06/16/2026

(i)

80,000‌

2,039‌

Public

Storage

5.60%,

03/11/2024

(i)

38,030‌

1,068‌

Vornado

Realty

Trust

5.25%,

11/24/2025

(i)

80,000‌

2,180‌

$

11,743‌

Savings

&

Loans

-

0.02%

People's

United

Financial

Inc

5.63%,

12/15/2026

(i)

21,629‌

627‌

3

Month

USD

LIBOR

+

4.02%

Sovereign

-

0.27%

CoBank

ACB

1.30%,

07/10/2022

(f),(i)

8,000‌

6,440‌

3

Month

USD

LIBOR

+

1.18%

CoBank

ACB

6.20%,

01/01/2025

(i)

7,000‌

771‌

3

Month

USD

LIBOR

+

3.74%

CoBank

ACB

6.25%,

10/01/2022

(i)

51,000‌

5,406‌

3

Month

USD

LIBOR

+

4.56%

$

12,617‌

TOTAL

PREFERRED

STOCKS

$

63,748‌

BONDS

-

51.44%

Principal

Amount

(000's)

Value

(000's)

Advertising

-

0.26%

Clear

Channel

Outdoor

Holdings

Inc

7.50%,

06/01/2029

(f)

$

4,565‌

$

4,739‌

7.75%,

04/15/2028

(f)

1,990‌

2,075‌

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

41

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Advertising

(continued)

Outfront

Media

Capital

LLC

/

Outfront

Media

Capital

Corp

4.63%,

03/15/2030

(f)

$

400‌

$

402‌

5.00%,

08/15/2027

(f)

4,725‌

4,819‌

$

12,035‌

Aerospace

&

Defense

-

0.39%

Boeing

Co/The

2.20%,

02/04/2026

2,700‌

2,724‌

General

Dynamics

Corp

4.25%,

04/01/2040

2,200‌

2,750‌

Leonardo

SpA

4.88%,

03/24/2025

EUR

500‌

679‌

TransDigm

Inc

4.63%,

01/15/2029

(f)

$

1,000‌

997‌

5.50%,

11/15/2027

7,350‌

7,589‌

7.50%,

03/15/2027

2,450‌

2,595‌

TransDigm

UK

Holdings

PLC

6.88%,

05/15/2026

525‌

554‌

$

17,888‌

Agriculture

-

0.10%

Altria

Group

Inc

3.13%,

06/15/2031

EUR

500‌

698‌

Imperial

Brands

Finance

PLC

2.13%,

02/12/2027

1,700‌

2,179‌

Philip

Morris

International

Inc

6.38%,

05/16/2038

$

600‌

872‌

Tereos

Finance

Groupe

I

SA

4.13%,

06/16/2023

EUR

600‌

721‌

$

4,470‌

Airlines

-

0.28%

Air

Canada

3.88%,

08/15/2026

(f),(j)

$

3,575‌

3,584‌

American

Airlines

Inc/AAdvantage

Loyalty

IP

Ltd

5.75%,

04/20/2029

(f)

1,550‌

1,672‌

Delta

Air

Lines

Inc

/

SkyMiles

IP

Ltd

4.75%,

10/20/2028

(f)

2,875‌

3,213‌

Hawaiian

Brand

Intellectual

Property

Ltd

/

HawaiianMiles

Loyalty

Ltd

5.75%,

01/20/2026

(f)

1,950‌

2,044‌

International

Consolidated

Airlines

Group

SA

1.50%,

07/04/2027

EUR

1,700‌

1,815‌

United

Airlines

Inc

4.63%,

04/15/2029

(f)

$

500‌

514‌

$

12,842‌

Apparel

-

0.01%

Levi

Strauss

&

Co

3.38%,

03/15/2027

EUR

200‌

245‌

Automobile

Manufacturers

-

1.10%

Ford

Motor

Co

7.45%,

07/16/2031

$

3,980‌

5,268‌

9.63%,

04/22/2030

13,870‌

20,025‌

Ford

Motor

Credit

Co

LLC

2.90%,

02/16/2028

1,750‌

1,752‌

3.82%,

11/02/2027

500‌

525‌

4.00%,

11/13/2030

2,975‌

3,146‌

4.13%,

08/17/2027

3,540‌

3,788‌

4.27%,

01/09/2027

600‌

646‌

4.54%,

08/01/2026

2,250‌

2,444‌

5.11%,

05/03/2029

925‌

1,047‌

General

Motors

Financial

Co

Inc

5.20%,

03/20/2023

2,550‌

2,735‌

Renault

SA

1.13%,

10/04/2027

EUR

500‌

556‌

Stellantis

NV

3.38%,

07/07/2023

2,200‌

2,765‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Automobile

Manufacturers

(continued)

Tesla

Inc

5.30%,

08/15/2025

(f)

$

600‌

$

616‌

Toyota

Motor

Credit

Corp

3.38%,

04/01/2030

2,800‌

3,189‌

Volkswagen

Leasing

GmbH

0.50%,

01/12/2029

EUR

2,000‌

2,396‌

$

50,898‌

Automobile

Parts

&

Equipment

-

0.37%

Cie

Generale

des

Etablissements

Michelin

SCA

1.75%,

09/03/2030

1,100‌

1,504‌

Goodyear

Tire

&

Rubber

Co/The

5.00%,

05/31/2026

$

500‌

513‌

Real

Hero

Merger

Sub

2

Inc

6.25%,

02/01/2029

(f)

5,065‌

5,237‌

Weichai

International

Hong

Kong

Energy

Group

Co

Ltd

3.75%,

09/14/2022

(i),(k)

2,700‌

2,727‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

6.08%

Wheel

Pros

Inc

6.50%,

05/15/2029

(f)

6,880‌

6,983‌

$

16,964‌

Banks

-

5.86%

Australia

&

New

Zealand

Banking

Group

Ltd/

United

Kingdom

6.75%,

06/15/2026

(f),(i),(k),(l)

2,600‌

3,055‌

USD

Swap

Rate

NY

5

Year

+

5.17%

Banco

Bilbao

Vizcaya

Argentaria

SA

2.58%,

02/22/2029

(k)

EUR

1,700‌

2,129‌

EUR

Swap

Annual

(VS

6

Month)

5

Year

+

2.45%

Banco

BPM

SpA

1.63%,

02/18/2025

1,000‌

1,209‌

Banco

de

Sabadell

SA

5.38%,

12/12/2028

(k)

1,700‌

2,205‌

EUR

Swap

Annual

(VS

6

Month)

5

Year

+

5.10%

Banco

do

Brasil

SA/Cayman

6.25%,

04/15/2024

(i),(k),(l)

$

3,550‌

3,581‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

10

Year

+

4.40%

Banco

GNB

Sudameris

SA

7.50%,

04/16/2031

(f),(k),(l)

700‌

715‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

6.66%

Banco

Mercantil

del

Norte

SA/Grand

Cayman

6.75%,

09/27/2024

(f),(i),(k),(l)

625‌

670‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.97%

6.75%,

09/27/2024

(i),(k),(l)

3,000‌

3,214‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.97%

7.50%,

06/27/2029

(f),(i),(k),(l)

1,120‌

1,264‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

10

Year

+

5.47%

Banco

Santander

SA

2.13%,

02/08/2028

EUR

1,300‌

1,686‌

Bancolombia

SA

4.63%,

12/18/2029

(k),(l)

$

3,731‌

3,763‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.94%

Banistmo

SA

3.65%,

09/19/2022

(f)

500‌

506‌

4.25%,

07/31/2027

(f)

950‌

976‌

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

42

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Bank

of

America

Corp

1.78%,

05/04/2027

(k)

EUR

1,200‌

$

1,540‌

3

Month

Euro

Interbank

Offered

Rate

+

1.20%

2.68%,

06/19/2041

(k)

$

1,725‌

1,703‌

Secured

Overnight

Financing

Rate

+

1.93%

6.30%,

03/10/2026

(i),(k)

12,715‌

14,845‌

3

Month

USD

LIBOR

+

4.55%

Bank

of

New

York

Mellon

Corp/The

3.70%,

03/20/2026

(i),(k)

6,088‌

6,369‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.35%

4.70%,

09/20/2025

(i),(k)

7,050‌

7,800‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.36%

Banque

Centrale

de

Tunisie

International

Bond

5.75%,

01/30/2025

(f)

720‌

609‌

Barclays

PLC

2.00%,

02/07/2028

(k)

EUR

1,800‌

2,189‌

EUR

Swap

Annual

(VS

6

Month)

5

Year

+

1.90%

5.20%,

05/12/2026

$

500‌

575‌

BBVA

Bancomer

SA/Texas

5.88%,

09/13/2034

(f),(k),(l)

650‌

705‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.31%

BNP

Paribas

SA

2.59%,

08/12/2035

(f),(k)

2,400‌

2,370‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.05%

7.37%,

08/19/2025

(f),(i),(k),(l)

8,000‌

9,361‌

USD

Swap

Semi-Annual

5

Year

+

5.15%

BOS

Funding

Ltd

4.00%,

09/18/2024

2,950‌

3,037‌

CaixaBank

SA

2.75%,

07/14/2028

(k)

EUR

2,200‌

2,727‌

EUR

Swap

Annual

(VS

6

Month)

5

Year

+

2.35%

Canadian

Imperial

Bank

of

Commerce

3.30%,

05/26/2025

CAD

1,625‌

1,409‌

CIT

Group

Inc

6.13%,

03/09/2028

$

295‌

363‌

Citigroup

Inc

0.50%,

10/08/2027

(k)

EUR

1,300‌

1,567‌

3

Month

Euro

Interbank

Offered

Rate

+

0.96%

3.88%,

02/18/2026

(i),(k)

$

500‌

512‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.42%

4.00%,

12/10/2025

(i),(k)

13,000‌

13,433‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.60%

Citizens

Financial

Group

Inc

5.65%,

10/06/2025

(i),(k)

2,100‌

2,352‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.31%

Credit

Agricole

SA

7.88%,

01/23/2024

(f),(i),(k),(l)

6,000‌

6,765‌

USD

Swap

Semi-Annual

5

Year

+

4.90%

8.13%,

12/23/2025

(f),(i),(k),(l)

6,800‌

8,276‌

USD

Swap

Semi-Annual

5

Year

+

6.19%

Credit

Suisse

AG/New

York

NY

2.95%,

04/09/2025

1,350‌

1,447‌

Credit

Suisse

Group

AG

7.50%,

12/11/2023

(i),(k),(l)

3,000‌

3,311‌

USD

Swap

Semi-Annual

5

Year

+

4.60%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Deutsche

Bank

AG/New

York

NY

2.22%,

09/18/2024

(k)

$

2,700‌

$

2,771‌

Secured

Overnight

Financing

Rate

+

2.16%

Ecobank

Transnational

Inc

9.50%,

04/18/2024

2,100‌

2,250‌

Emirates

Development

Bank

PJSC

3.52%,

03/06/2024

2,900‌

3,095‌

Fifth

Third

Bancorp

8.25%,

03/01/2038

400‌

677‌

FirstRand

Bank

Ltd

6.25%,

04/23/2028

(k)

550‌

576‌

USD

Swap

Semi-Annual

5

Year

+

3.56%

Goldman

Sachs

Group

Inc/The

0.63%,

11/17/2023

(k)

1,700‌

1,701‌

Secured

Overnight

Financing

Rate

+

0.54%

4.22%,

05/01/2029

(k)

1,325‌

1,524‌

3

Month

USD

LIBOR

+

1.30%

4.95%,

02/10/2025

(i),(k)

13,020‌

13,993‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.22%

5.50%,

08/10/2024

(i),(k)

1,000‌

1,098‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.62%

HSBC

Capital

Funding

Dollar

1

LP

10.18%,

06/30/2030

(i),(k)

5,300‌

8,872‌

3

Month

USD

LIBOR

+

4.98%

HSBC

Holdings

PLC

3.13%,

06/07/2028

EUR

1,100‌

1,542‌

4.38%,

11/23/2026

$

1,100‌

1,245‌

Huntington

Bancshares

Inc/OH

4.45%,

10/15/2027

(i),(k)

5,200‌

5,584‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

7

Year

+

4.05%

5.63%,

07/15/2030

(i),(k)

5,000‌

5,850‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

10

Year

+

4.95%

ING

Groep

NV

3.00%,

04/11/2028

(k)

EUR

1,000‌

1,244‌

EUR

Swap

Annual

(VS

6

Month)

5

Year

+

2.85%

6.50%,

04/16/2025

(i),(k),(l)

$

2,500‌

2,792‌

USD

Swap

Semi-Annual

5

Year

+

4.45%

International

Bank

of

Azerbaijan

OJSC

3.50%,

09/01/2024

3,532‌

3,532‌

Intesa

Sanpaolo

SpA

1.75%,

04/12/2023

EUR

1,200‌

1,471‌

Itau

Unibanco

Holding

SA/Cayman

Island

6.13%,

12/12/2022

(f),(i),(k),(l)

$

1,000‌

1,011‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.98%

6.13%,

12/12/2022

(i),(k),(l)

2,750‌

2,779‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.98%

JPMorgan

Chase

&

Co

1.09%,

03/11/2027

(k)

EUR

1,800‌

2,237‌

3

Month

Euro

Interbank

Offered

Rate

+

0.76%

3.65%,

06/01/2026

(i),(k)

$

500‌

505‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.85%

3.98%,

11/01/2021

(i)

7,745‌

7,782‌

3

Month

USD

LIBOR

+

3.80%

6.75%,

02/01/2024

(i),(k)

6,200‌

6,847‌

3

Month

USD

LIBOR

+

3.78%

KeyCorp

Capital

III

7.75%,

07/15/2029

795‌

1,027‌

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

43

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Lloyds

Bank

PLC

13.00%,

01/22/2029

(i),(k)

GBP

400‌

$

973‌

Generic

Britain

5

Year

Government

Bond

+

13.40%

Lloyds

Banking

Group

PLC

0.63%,

01/15/2024

(k)

EUR

1,300‌

1,561‌

EUR

Swap

Annual

(VS

6

Month)

1

Year

+

0.47%

M&T

Bank

Corp

5.00%,

08/01/2024

(i),(k)

$

2,685‌

2,868‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.17%

Morgan

Stanley

2.63%,

03/09/2027

GBP

1,000‌

1,494‌

National

Australia

Bank

Ltd/New

York

2.50%,

07/12/2026

$

1,450‌

1,558‌

Natwest

Group

PLC

2.11%,

11/28/2031

(k)

GBP

700‌

981‌

Generic

Britain

5

Year

Government

Bond

+

1.75%

4.52%,

06/25/2024

(k)

$

1,750‌

1,874‌

3

Month

USD

LIBOR

+

1.55%

Noor

Sukuk

Co

Ltd

4.47%,

04/24/2023

700‌

740‌

Nordea

Bank

Abp

0.50%,

05/14/2027

EUR

1,000‌

1,230‌

6.63%,

03/26/2026

(a),(i),(k),(l)

$

1,000‌

1,151‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.11%

QNB

Finansbank

AS

4.88%,

05/19/2022

1,000‌

1,020‌

6.88%,

09/07/2024

(f)

1,300‌

1,416‌

Regions

Financial

Corp

5.75%,

06/15/2025

(i),(k)

2,500‌

2,794‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.43%

Royal

Bank

of

Canada

0.65%,

07/29/2024

2,000‌

2,002‌

Santander

UK

Group

Holdings

PLC

3.82%,

11/03/2028

(k)

1,400‌

1,553‌

3

Month

USD

LIBOR

+

1.40%

Societe

Generale

SA

7.88%,

12/18/2023

(f),(i),(k),(l)

6,000‌

6,676‌

USD

Swap

Semi-Annual

5

Year

+

4.98%

Standard

Chartered

PLC

4.75%,

01/14/2031

(i),(k),(l)

4,000‌

4,100‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.81%

5.70%,

03/26/2044

(a),(f)

400‌

528‌

7.75%,

04/02/2023

(f),(i),(k),(l)

8,000‌

8,710‌

USD

Swap

Semi-Annual

5

Year

+

5.72%

SVB

Financial

Group

4.10%,

02/15/2031

(i),(k)

700‌

716‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

10

Year

+

3.06%

Toronto-Dominion

Bank/The

3.22%,

07/25/2029

(k)

CAD

3,400‌

2,871‌

Canadian

Dollar

Offered

Rate

3

Month

+

1.25%

Truist

Financial

Corp

4.80%,

09/01/2024

(i),(k)

$

12,300‌

13,083‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.00%

4.95%,

09/01/2025

(i),(k)

1,000‌

1,093‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.61%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

UBS

Group

AG

6.88%,

08/07/2025

(i),(k),(l)

$

3,000‌

$

3,436‌

USD

Swap

Semi-Annual

(VS

6

Month)

5

Year

+

4.59%

Wells

Fargo

&

Co

3.90%,

03/15/2026

(i),(k)

2,000‌

2,076‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.45%

5.87%,

06/15/2025

(i),(k)

2,583‌

2,925‌

3

Month

USD

LIBOR

+

3.99%

Wells

Fargo

Bank

NA

6.60%,

01/15/2038

600‌

896‌

$

270,568‌

Beverages

-

0.10%

Anheuser-Busch

Cos

LLC

/

Anheuser-Busch

InBev

Worldwide

Inc

4.70%,

02/01/2036

1,400‌

1,742‌

Anheuser-Busch

InBev

SA/NV

1.50%,

04/18/2030

EUR

650‌

850‌

2.00%,

03/17/2028

500‌

669‌

Constellation

Brands

Inc

3.75%,

05/01/2050

$

650‌

739‌

Fomento

Economico

Mexicano

SAB

de

CV

3.50%,

01/16/2050

350‌

375‌

PepsiCo

Inc

3.50%,

03/19/2040

200‌

231‌

$

4,606‌

Biotechnology

-

0.02%

HCRX

Investments

Holdco

LP

4.50%,

08/01/2029

(f)

700‌

714‌

Building

Materials

-

0.03%

SRM

Escrow

Issuer

LLC

6.00%,

11/01/2028

(f)

500‌

534‌

Standard

Industries

Inc/NJ

4.75%,

01/15/2028

(f)

1,015‌

1,056‌

$

1,590‌

Chemicals

-

0.43%

Axalta

Coating

Systems

Dutch

Holding

B

BV

3.75%,

01/15/2025

EUR

400‌

482‌

Braskem

Idesa

SAPI

7.45%,

11/15/2029

(f)

$

2,000‌

2,068‌

Braskem

Netherlands

Finance

BV

4.50%,

01/31/2030

(f)

1,550‌

1,635‌

5.88%,

01/31/2050

(a),(f)

1,080‌

1,210‌

CF

Industries

Inc

5.15%,

03/15/2034

1,640‌

2,034‌

DuPont

de

Nemours

Inc

5.32%,

11/15/2038

500‌

668‌

ICL

Group

Ltd

6.38%,

05/31/2038

(f)

600‌

771‌

INEOS

Finance

PLC

2.88%,

05/01/2026

EUR

2,000‌

2,417‌

Kronos

International

Inc

3.75%,

09/15/2025

200‌

241‌

OCP

SA

5.13%,

06/23/2051

(f)

$

595‌

606‌

Orbia

Advance

Corp

SAB

de

CV

5.88%,

09/17/2044

500‌

618‌

Petkim

Petrokimya

Holding

AS

5.88%,

01/26/2023

1,800‌

1,842‌

Sasol

Financing

USA

LLC

5.50%,

03/18/2031

3,925‌

4,092‌

Solvay

Finance

SACA

5.87%,

06/03/2024

(i),(k)

EUR

400‌

536‌

EUR

Swap

Annual

(VS

6

Month)

5

Year

+

5.22%

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

44

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Chemicals

(continued)

TPC

Group

Inc

10.50%,

08/01/2024

(f)

$

700‌

$

689‌

$

19,909‌

Coal

-

0.09%

Alliance

Resource

Operating

Partners

LP

/

Alliance

Resource

Finance

Corp

7.50%,

05/01/2025

(f)

2,335‌

2,358‌

SunCoke

Energy

Inc

4.88%,

06/30/2029

(f)

1,700‌

1,713‌

$

4,071‌

Commercial

Mortgage

Backed

Securities

-

9.87%

Banc

of

America

Merrill

Lynch

Commercial

Mortgage

Inc

5.48%,

11/10/2042

(m)

2,336‌

2,149‌

BANK

2017-BNK4

0.81%,

05/15/2050

(m),(n)

13,843‌

614‌

BANK

2017-BNK5

1.18%,

06/15/2060

(f),(m),(n)

42,403‌

2,572‌

BANK

2017-BNK9

1.42%,

11/15/2054

(f),(m),(n)

15,200‌

1,230‌

BANK

2018-BNK10

1.74%,

02/15/2061

(f),(m),(n)

31,334‌

3,265‌

BANK

2018-BNK12

1.42%,

05/15/2061

(f),(m),(n)

18,728‌

1,576‌

3.00%,

05/15/2061

(f)

3,000‌

2,660‌

BANK

2018-BNK13

1.56%,

08/15/2061

(f),(m),(n)

41,485‌

4,147‌

BANK

2018-BNK14

1.60%,

09/15/2060

(f),(m),(n)

11,466‌

1,116‌

BANK

2019-BNK16

1.83%,

02/15/2052

(f),(m),(n)

13,120‌

1,598‌

BANK

2019-BNK17

1.60%,

04/15/2052

(f),(m),(n)

11,541‌

1,259‌

BANK

2019-BNK18

1.35%,

05/15/2062

(f),(m),(n)

17,647‌

1,685‌

Bank

2019-BNK19

1.03%,

08/15/2061

(f),(m),(n)

17,014‌

1,244‌

BANK

2019-BNK20

1.21%,

09/15/2062

(f),(m),(n)

15,674‌

1,365‌

BANK

2019-BNK22

0.96%,

11/15/2062

(f),(m),(n)

18,082‌

1,290‌

1.50%,

11/15/2062

(f),(m),(n)

11,840‌

1,150‌

1.96%,

11/15/2062

(f),(m)

7,340‌

4,528‌

2.50%,

11/15/2062

(f)

5,000‌

4,684‌

BANK

2019-BNK23

1.01%,

12/15/2052

(f),(m),(n)

9,170‌

692‌

2.50%,

12/15/2052

(f)

1,500‌

1,348‌

BANK

2019-BNK24

1.02%,

11/15/2062

(f),(m),(n)

26,932‌

2,066‌

BANK

2020-BNK25

0.92%,

01/15/2063

(f),(m),(n)

9,704‌

673‌

1.50%,

01/15/2063

(f),(n)

10,561‌

1,043‌

1.92%,

01/15/2063

(f),(m)

10,561‌

6,559‌

2.50%,

01/15/2063

(f)

1,250‌

1,069‌

BANK

2021-BNK33

2.56%,

05/15/2064

3,000‌

3,175‌

Barclays

Commercial

Mortgage

Trust

2019-C3

1.78%,

05/15/2052

(f),(m),(n)

6,117‌

774‌

Barclays

Commercial

Mortgage

Trust

2019-C4

1.16%,

08/15/2052

(f),(m),(n)

13,091‌

1,080‌

Barclays

Commercial

Mortgage

Trust

2019-C5

1.35%,

11/15/2052

(f),(m),(n)

14,866‌

1,402‌

BBCMS

Mortgage

Trust

2020-C6

1.20%,

02/15/2053

(f),(m),(n)

7,424‌

683‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Mortgage

Backed

Securities

(continued)

Benchmark

2018-B1

Mortgage

Trust

1.11%,

01/15/2051

(f),(m),(n)

$

12,667‌

$

889‌

1.36%,

01/15/2051

(f),(m),(n)

30,260‌

2,457‌

Benchmark

2018-B3

Mortgage

Trust

1.50%,

04/10/2051

(f),(m),(n)

5,520‌

479‌

Benchmark

2018-B5

Mortgage

Trust

0.48%,

07/15/2051

(m),(n)

96,236‌

2,590‌

3.11%,

07/15/2051

(f),(m)

4,500‌

4,153‌

Benchmark

2018-B6

Mortgage

Trust

1.50%,

10/10/2051

(f),(m),(n)

37,790‌

3,536‌

Benchmark

2018-B7

Mortgage

Trust

1.86%,

05/15/2053

(f),(m),(n)

16,962‌

2,012‌

3.00%,

05/15/2053

(f)

5,000‌

4,750‌

Benchmark

2018-B8

Mortgage

Trust

1.87%,

01/15/2052

(f),(m),(n)

6,900‌

848‌

Benchmark

2019-B10

Mortgage

Trust

1.86%,

03/15/2062

(f),(m),(n)

12,985‌

1,660‌

3.61%,

03/15/2062

(f),(m)

2,500‌

1,545‌

Benchmark

2019-B11

Mortgage

Trust

1.52%,

05/15/2052

(f),(m),(n)

13,924‌

1,456‌

Benchmark

2019-B12

Mortgage

Trust

1.13%,

08/15/2052

(f),(m),(n)

13,870‌

1,101‌

Benchmark

2019-B13

Mortgage

Trust

1.01%,

08/15/2057

(f),(m),(n)

6,500‌

429‌

1.51%,

08/15/2057

(f),(m),(n)

4,000‌

429‌

3.00%,

08/15/2057

(f)

6,500‌

4,428‌

Benchmark

2019-B14

Mortgage

Trust

1.28%,

12/15/2062

(f),(m),(n)

14,908‌

1,411‌

Benchmark

2019-B15

Mortgage

Trust

0.97%,

12/15/2072

(f),(m),(n)

24,552‌

1,766‌

Benchmark

2019-B9

Mortgage

Trust

2.00%,

03/15/2052

(f),(m),(n)

11,550‌

1,530‌

Benchmark

2020-B16

Mortgage

Trust

1.09%,

02/15/2053

(f),(m),(n)

7,615‌

643‌

Benchmark

2020-B17

Mortgage

Trust

1.41%,

03/15/2053

(f),(m),(n)

12,580‌

1,304‌

Benchmark

2021-B23

Mortgage

Trust

1.20%,

02/15/2054

(f),(m),(n)

24,240‌

2,442‌

2.00%,

02/15/2054

(f)

3,000‌

2,567‌

Benchmark

2021-B27

Mortgage

Trust

1.49%,

07/15/2054

(f),(m),(n)

21,507‌

2,858‌

2.00%,

07/15/2054

(f)

5,000‌

4,399‌

BX

Commercial

Mortgage

Trust

2021-SOAR

0.76%,

06/15/2038

(f)

2,500‌

2,503‌

1.00

x

1

Month

USD

LIBOR

+

0.67%

Cantor

Commercial

Real

Estate

Lending

2019-CF2

1.47%,

11/15/2052

(f),(m),(n)

10,105‌

1,065‌

Cantor

Commercial

Real

Estate

Lending

2019-CF3

1.11%,

01/15/2053

(f),(m),(n)

11,514‌

956‌

CD

2018-CD7

Mortgage

Trust

1.75%,

08/15/2051

(f),(m),(n)

20,444‌

2,208‌

CFCRE

Commercial

Mortgage

Trust

2016-C6

1.10%,

11/10/2049

(m),(n)

42,042‌

2,017‌

Citigroup

Commercial

Mortgage

Trust

2016-C1

1.85%,

05/10/2049

(m),(n)

35,362‌

2,537‌

Citigroup

Commercial

Mortgage

Trust

2016-GC37

1.69%,

04/10/2049

(m),(n)

12,936‌

840‌

Citigroup

Commercial

Mortgage

Trust

2018-B2

1.50%,

03/10/2051

(f),(m),(n)

13,247‌

1,089‌

Citigroup

Commercial

Mortgage

Trust

2018-C5

3.18%,

06/10/2051

(f),(m)

1,000‌

926‌

Citigroup

Commercial

Mortgage

Trust

2019-C7

1.20%,

12/15/2072

(f),(m),(n)

15,766‌

1,455‌

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

45

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Mortgage

Backed

Securities

(continued)

Citigroup

Commercial

Mortgage

Trust

2019-GC41

0.85%,

08/10/2056

(f),(m),(n)

$

13,007‌

$

784‌

3.00%,

08/10/2056

(f)

9,330‌

6,360‌

3.00%,

08/10/2056

(f)

4,000‌

3,575‌

Citigroup

Commercial

Mortgage

Trust

2019-GC43

0.62%,

11/10/2052

(f),(m),(n)

11,280‌

513‌

0.62%,

11/10/2052

(f),(m),(n)

2,528‌

109‌

0.62%,

11/10/2052

(f),(m),(n)

1,750‌

75‌

3.00%,

11/10/2052

(f)

5,000‌

4,694‌

3.00%,

11/10/2052

(f)

1,750‌

1,134‌

Citigroup

Commercial

Mortgage

Trust

2020-GC46

1.07%,

02/15/2053

(f),(m),(n)

21,133‌

1,726‌

2.60%,

02/15/2053

(f)

6,000‌

5,279‌

COMM

2012-CCRE1

Mortgage

Trust

2.46%,

05/15/2045

(f)

13,993‌

9,238‌

5.35%,

05/15/2045

(f),(m)

8,889‌

7,771‌

COMM

2012-CCRE4

Mortgage

Trust

4.59%,

10/15/2045

(f),(m)

5,000‌

1,545‌

COMM

2012-CCRE5

Mortgage

Trust

4.32%,

12/10/2045

(f),(m)

3,475‌

3,422‌

4.32%,

12/10/2045

(f),(m)

7,500‌

6,997‌

COMM

2013-CCRE6

Mortgage

Trust

1.01%,

03/10/2046

(m),(n)

44,488‌

351‌

4.09%,

03/10/2046

(f),(m)

10,215‌

9,692‌

4.09%,

03/10/2046

(f),(m)

13,750‌

11,505‌

COMM

2014-CCRE17

Mortgage

Trust

0.33%,

05/10/2047

(f),(m),(n)

44,717‌

347‌

COMM

2014-UBS5

Mortgage

Trust

3.50%,

09/10/2047

(f)

3,250‌

2,679‌

COMM

2016-COR1

Mortgage

Trust

1.39%,

10/10/2049

(m),(n)

43,144‌

2,222‌

COMM

2017-COR2

Mortgage

Trust

1.16%,

09/10/2050

(m),(n)

74,847‌

4,470‌

COMM

2018-COR3

Mortgage

Trust

1.75%,

05/10/2051

(f),(m),(n)

15,800‌

1,560‌

COMM

2019-GC44

Mortgage

Trust

1.03%,

08/15/2057

(f),(m),(n)

5,500‌

428‌

CSAIL

2018-CX12

Commercial

Mortgage

Trust

1.50%,

08/15/2051

(f),(m),(n)

8,985‌

786‌

CSAIL

2019-C15

Commercial

Mortgage

Trust

1.04%,

03/15/2052

(m),(n)

55,650‌

3,418‌

1.98%,

03/15/2052

(f),(m),(n)

3,981‌

508‌

CSAIL

2019-C17

Commercial

Mortgage

Trust

1.36%,

09/15/2052

(m),(n)

29,786‌

2,578‌

DBGS

2018-C1

Mortgage

Trust

1.75%,

10/15/2051

(f),(m),(n)

9,496‌

992‌

DBUBS

2011-LC1

Mortgage

Trust

0.62%,

11/10/2046

(f),(m),(n)

39,357‌

1‌

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

1.48%,

01/25/2043

(m),(n)

79,054‌

3,720‌

1.60%,

11/25/2042

(m),(n)

83,688‌

4‌

1.66%,

11/25/2040

(m),(n)

16,936‌

301‌

1.66%,

06/25/2041

(m),(n)

20,000‌

562‌

1.66%,

10/25/2041

(m),(n)

43,000‌

1,333‌

1.77%,

01/25/2048

(m),(n)

38,129‌

3,208‌

1.97%,

11/25/2044

(m),(n)

16,293‌

942‌

2.01%,

09/25/2047

(m),(n)

41,400‌

3,714‌

2.03%,

02/25/2045

(m),(n)

27,900‌

1,770‌

2.17%,

07/25/2026

(m),(n)

39,161‌

3,599‌

2.17%,

05/25/2046

(m),(n)

75,770‌

5,947‌

2.19%,

01/25/2026

(m),(n)

70,234‌

5,765‌

2.19%,

12/25/2039

(m),(n)

25,654‌

50‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Mortgage

Backed

Securities

(continued)

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates  

(continued)

2.27%,

08/25/2045

(m),(n)

$

39,003‌

$

5,388‌

2.60%,

04/25/2028

(m),(n)

13,000‌

2,011‌

2.95%,

06/25/2049

(m),(n)

4,750‌

848‌

3.82%,

02/25/2041

(m),(n)

5,409‌

72‌

GS

Mortgage

Securities

Corp

II

1.41%,

07/10/2051

(f),(m),(n)

8,017‌

735‌

GS

Mortgage

Securities

Trust

2011-GC5

5.18%,

08/10/2044

(f),(m)

3,660‌

1,464‌

GS

Mortgage

Securities

Trust

2012-GCJ7

5.55%,

05/10/2045

(f),(m)

7,429‌

7,020‌

GS

Mortgage

Securities

Trust

2012-GCJ9

4.74%,

11/10/2045

(f),(m)

8,500‌

7,341‌

GS

Mortgage

Securities

Trust

2013-GC16

3.50%,

11/10/2046

(f)

2,500‌

1,751‌

GS

Mortgage

Securities

Trust

2013-GCJ14

4.74%,

08/10/2046

(f),(m)

10,460‌

10,316‌

4.74%,

08/10/2046

(f),(m)

7,742‌

5,746‌

4.74%,

08/10/2046

(f),(m)

2,500‌

1,698‌

GS

Mortgage

Securities

Trust

2014-GC26

1.20%,

11/10/2047

(f),(m),(n)

29,811‌

1,084‌

GS

Mortgage

Securities

Trust

2017-GS7

1.11%,

08/10/2050

(m),(n)

28,634‌

1,457‌

GS

Mortgage

Securities

Trust

2018-GS9

1.36%,

03/10/2051

(f),(m),(n)

8,353‌

655‌

GS

Mortgage

Securities

Trust

2019-GC39

1.62%,

05/10/2052

(f),(m),(n)

16,430‌

1,855‌

GS

Mortgage

Securities

Trust

2019-GC40

1.16%,

07/10/2052

(f),(m),(n)

4,941‌

442‌

1.16%,

07/10/2052

(f),(m),(n)

16,500‌

1,294‌

GS

Mortgage

Securities

Trust

2019-GC42

0.94%,

09/01/2052

(f),(m),(n)

13,000‌

922‌

GS

Mortgage

Securities

Trust

2019-GSA1

1.00%,

11/10/2052

(f),(m),(n)

21,600‌

1,591‌

GS

Mortgage

Securities

Trust

2020-GC45

0.69%,

02/13/2053

(f),(m),(n)

25,009‌

1,298‌

GS

Mortgage

Securities

Trust

2020-GC47

3.46%,

05/12/2053

(f),(m)

2,000‌

2,014‌

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

2006-CIBC17

5.49%,

12/12/2043

(m)

4,019‌

2,954‌

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

2006-LDP9

5.34%,

05/15/2047

708‌

627‌

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

2011-C5

5.43%,

08/15/2046

(f),(m)

2,800‌

2,795‌

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

2012-C6

2.97%,

05/15/2045

(f),(m)

3,750‌

1,664‌

JPMBB

Commercial

Mortgage

Securities

Trust

2014-C18

0.80%,

02/15/2047

(m),(n)

39,304‌

648‌

4.80%,

02/15/2047

(f),(m)

7,850‌

3,938‌

JPMBB

Commercial

Mortgage

Securities

Trust

2014-C21

0.97%,

08/15/2047

(m),(n)

34,141‌

857‌

JPMBB

Commercial

Mortgage

Securities

Trust

2014-C24

3.70%,

11/15/2047

(f),(m)

14,800‌

9,588‌

JPMBB

Commercial

Mortgage

Securities

Trust

2015-C28

0.50%,

10/15/2048

(f),(m),(n)

54,005‌

866‌

0.97%,

10/15/2048

(m),(n)

46,370‌

1,270‌

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

46

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Mortgage

Backed

Securities

(continued)

JPMBB

Commercial

Mortgage

Securities

Trust

2015-C30

0.50%,

07/15/2048

(m),(n)

$

69,216‌

$

1,200‌

JPMBB

Commercial

Mortgage

Securities

Trust

2015-C31

0.50%,

08/15/2048

(f),(m),(n)

42,377‌

734‌

JPMCC

Commercial

Mortgage

Securities

Trust

2017-JP6

1.13%,

07/15/2050

(m),(n)

19,593‌

881‌

JPMCC

Commercial

Mortgage

Securities

Trust

2019-COR4

1.12%,

03/10/2052

(m),(n)

34,154‌

2,390‌

2.01%,

03/10/2052

(f),(m),(n)

18,869‌

2,506‌

3.00%,

03/10/2052

(f)

1,000‌

889‌

JPMCC

Commercial

Mortgage

Securities

Trust

2019-COR5

1.78%,

06/13/2052

(f),(m),(n)

8,500‌

1,049‌

LB

Commercial

Mortgage

Trust

2007-C3

5.91%,

07/15/2044

(m)

230‌

227‌

5.91%,

07/15/2044

(m)

6,369‌

6,143‌

LB-UBS

Commercial

Mortgage

Trust

2007-C6

6.47%,

07/15/2040

(m)

1,758‌

1,616‌

6.47%,

07/15/2040

(m)

8,841‌

6,012‌

MHC

Trust

2021-MHC2

0.94%,

05/15/2023

(f)

10,000‌

10,019‌

1.00

x

1

Month

USD

LIBOR

+

0.85%

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2013-C11

4.35%,

08/15/2046

(m)

2,500‌

2,464‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2014-C16

4.27%,

06/15/2047

(f),(m)

10,604‌

5,569‌

4.77%,

06/15/2047

(f),(m)

10,598‌

8,135‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2015-C20

1.27%,

02/15/2048

(m),(n)

41,988‌

1,433‌

1.39%,

02/15/2048

(f),(m),(n)

41,500‌

1,782‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2015-C21

0.87%,

03/15/2048

(m),(n)

29,922‌

738‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2016-C29

1.54%,

05/15/2049

(m),(n)

38,721‌

2,175‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2016-C31

1.29%,

11/15/2049

(f),(m),(n)

21,213‌

1,196‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2016-C32

0.69%,

12/15/2049

(m),(n)

73,053‌

2,236‌

Morgan

Stanley

Capital

I

Trust

2011-C3

0.00%,

07/15/2049

(e),(f),(m),(n)

738‌

—‌

Morgan

Stanley

Capital

I

Trust

2018-H3

1.85%,

07/15/2051

(f),(m),(n)

7,682‌

840‌

Morgan

Stanley

Capital

I

Trust

2019-H6

1.58%,

06/15/2052

(f),(m),(n)

4,693‌

512‌

3.00%,

06/15/2052

(f)

2,122‌

1,962‌

Morgan

Stanley

Capital

I

Trust

2019-L3

1.16%,

11/15/2052

(f),(m),(n)

15,090‌

1,286‌

Morgan

Stanley

Capital

I

Trust

2020-L4

1.17%,

02/15/2053

(f),(m),(n)

13,626‌

1,217‌

2.50%,

02/15/2053

(f)

3,000‌

2,801‌

SG

Commercial

Mortgage

Securities

Trust

2016-C5

0.90%,

10/10/2048

(m),(n)

17,960‌

742‌

TPGI

Trust

2021-DGWD

0.79%,

06/15/2026

(f)

3,500‌

3,505‌

1.00

x

1

Month

USD

LIBOR

+

0.70%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Mortgage

Backed

Securities

(continued)

UBS

Commercial

Mortgage

Trust

1.76%,

10/15/2052

(f),(m),(n)

$

12,767‌

$

1,575‌

UBS

Commercial

Mortgage

Trust

2019-C18

1.45%,

12/15/2052

(f),(m),(n)

11,574‌

1,210‌

UBS-Barclays

Commercial

Mortgage

Trust

2012-C3

5.00%,

08/10/2049

(f),(m)

20,994‌

19,716‌

Wells

Fargo

Commercial

Mortgage

Trust

2014-LC18

1.04%,

12/15/2047

(m),(n)

68,309‌

1,858‌

Wells

Fargo

Commercial

Mortgage

Trust

2015-NXS1

0.40%,

05/15/2048

(m),(n)

24,936‌

445‌

Wells

Fargo

Commercial

Mortgage

Trust

2015-NXS3

0.90%,

09/15/2057

(m),(n)

15,592‌

496‌

Wells

Fargo

Commercial

Mortgage

Trust

2016-C34

2.12%,

06/15/2049

(m),(n)

33,194‌

2,170‌

Wells

Fargo

Commercial

Mortgage

Trust

2016-C35

1.89%,

07/15/2048

(m),(n)

34,948‌

2,656‌

Wells

Fargo

Commercial

Mortgage

Trust

2017-C40

4.32%,

10/15/2050

(m)

5,000‌

5,362‌

Wells

Fargo

Commercial

Mortgage

Trust

2017-C42

1.57%,

12/15/2050

(f),(m),(n)

20,343‌

1,831‌

Wells

Fargo

Commercial

Mortgage

Trust

2018-C43

1.62%,

03/15/2051

(f),(m),(n)

6,614‌

615‌

Wells

Fargo

Commercial

Mortgage

Trust

2018-C44

1.83%,

05/15/2051

(f),(m),(n)

8,022‌

847‌

Wells

Fargo

Commercial

Mortgage

Trust

2018-C45

1.87%,

06/15/2051

(f),(m),(n)

2,647‌

312‌

3.00%,

06/15/2051

(f)

1,250‌

1,110‌

Wells

Fargo

Commercial

Mortgage

Trust

2018-C47

1.93%,

09/15/2061

(f),(m),(n)

14,133‌

1,681‌

Wells

Fargo

Commercial

Mortgage

Trust

2019-C49

2.14%,

03/15/2052

(f),(m),(n)

4,336‌

592‌

3.00%,

03/15/2052

(f)

2,500‌

2,352‌

Wells

Fargo

Commercial

Mortgage

Trust

2019-C50

2.01%,

05/15/2052

(f),(m),(n)

14,851‌

2,084‌

Wells

Fargo

Commercial

Mortgage

Trust

2019-C53

1.44%,

10/15/2052

(f),(m),(n)

8,777‌

903‌

Wells

Fargo

Commercial

Mortgage

Trust

2019-C54

1.37%,

12/15/2052

(f),(m),(n)

6,363‌

628‌

Wells

Fargo

Commercial

Mortgage

Trust

2020-C55

1.43%,

02/15/2053

(f),(m),(n)

14,583‌

1,558‌

$

456,117‌

Commercial

Services

-

0.56%

Adani

Ports

&

Special

Economic

Zone

Ltd

4.20%,

08/04/2027

(f)

825‌

866‌

ASGN

Inc

4.63%,

05/15/2028

(f)

3,650‌

3,809‌

Carriage

Services

Inc

4.25%,

05/15/2029

(f)

2,430‌

2,424‌

India

Toll

Roads

5.50%,

08/19/2024

(f)

500‌

480‌

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

47

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Services

(continued)

Limak

Iskenderun

Uluslararasi

Liman

Isletmeciligi

AS

9.50%,

07/10/2036

(f)

$

290‌

$

304‌

Loxam

SAS

6.00%,

04/15/2025

EUR

500‌

602‌

Movida

Europe

SA

5.25%,

02/08/2031

(f)

$

730‌

739‌

MPH

Acquisition

Holdings

LLC

5.75%,

11/01/2028

(a),(f)

2,100‌

2,039‌

Rent-A-Center

Inc/TX

6.38%,

02/15/2029

(f)

3,725‌

4,000‌

Sotheby's

7.38%,

10/15/2027

(f)

6,575‌

7,023‌

Team

Health

Holdings

Inc

6.38%,

02/01/2025

(f)

4,060‌

3,766‌

$

26,052‌

Computers

-

0.21%

Apple

Inc

2.70%,

08/05/2051

(j)

1,500‌

1,504‌

3.60%,

07/31/2042

GBP

350‌

674‌

Dell

International

LLC

/

EMC

Corp

5.45%,

06/15/2023

$

2,600‌

2,810‌

International

Business

Machines

Corp

5.60%,

11/30/2039

800‌

1,135‌

KBR

Inc

4.75%,

09/30/2028

(f)

3,375‌

3,409‌

$

9,532‌

Cosmetics

&

Personal

Care

-

0.09%

High

Ridge

Brands

-

Escrow

0.00%,

03/15/2025

(e),(g),(h)

15,607‌

195‌

Oriflame

Investment

Holding

PLC

5.13%,

05/04/2026

(f)

4,000‌

4,106‌

$

4,301‌

Diversified

Financial

Services

-

2.35%

AerCap

Ireland

Capital

DAC

/

AerCap

Global

Aviation

Trust

3.15%,

02/15/2024

700‌

735‌

Alliance

Data

Systems

Corp

4.75%,

12/15/2024

(f)

3,450‌

3,540‌

7.00%,

01/15/2026

(f)

1,075‌

1,158‌

Ally

Financial

Inc

4.70%,

05/15/2026

(i),(k)

500‌

523‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.87%

5.75%,

11/20/2025

1,265‌

1,447‌

American

Express

Co

3.55%,

09/15/2026

(i),(j),(k)

2,000‌

2,010‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.85%

Capital

One

Financial

Corp

3.93%,

09/01/2021

(i)

6,000‌

6,014‌

3

Month

USD

LIBOR

+

3.80%

4.20%,

10/29/2025

700‌

786‌

Charles

Schwab

Corp/The

4.00%,

06/01/2026

(i),(k)

3,800‌

3,966‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.17%

7.00%,

02/01/2022

(i),(k)

4,198‌

4,303‌

3

Month

USD

LIBOR

+

4.82%

Coastal

Emerald

Ltd

4.30%,

08/01/2024

(i),(k)

2,850‌

2,866‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

7.45%

Credit

Acceptance

Corp

6.63%,

03/15/2026

1,300‌

1,372‌

Credivalores-Crediservicios

SAS

8.88%,

02/07/2025

(f)

800‌

624‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Diversified

Financial

Services

(continued)

Curo

Group

Holdings

Corp

8.25%,

09/01/2025

(f)

$

2,000‌

$

2,093‌

Discover

Financial

Services

6.13%,

06/23/2025

(i),(k)

3,000‌

3,379‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.78%

Home

Point

Capital

Inc

5.00%,

02/01/2026

(f)

3,225‌

2,976‌

Mastercard

Inc

3.35%,

03/26/2030

1,375‌

1,573‌

Muthoot

Finance

Ltd

4.40%,

09/02/2023

(f)

875‌

892‌

Nationstar

Mortgage

Holdings

Inc

5.50%,

08/15/2028

(f)

2,675‌

2,719‌

NFP

Corp

4.88%,

08/15/2028

(f)

8,420‌

8,567‌

6.88%,

08/15/2028

(f)

25,478‌

26,497‌

OneMain

Finance

Corp

6.63%,

01/15/2028

7,825‌

9,038‌

6.88%,

03/15/2025

1,795‌

2,036‌

Power

Finance

Corp

Ltd

4.50%,

06/18/2029

3,825‌

4,087‌

Provident

Funding

Associates

LP

/

PFG

Finance

Corp

6.38%,

06/15/2025

(f)

4,555‌

4,646‌

Quicken

Loans

LLC

5.25%,

01/15/2028

(f)

940‌

989‌

Swiss

Insured

Brazil

Power

Finance

Sarl

9.85%,

07/16/2032

(f)

BRL

21,263‌

4,205‌

Unifin

Financiera

SAB

de

CV

8.38%,

01/27/2028

(f)

$

1,250‌

1,172‌

9.88%,

01/28/2029

(a),(f)

540‌

533‌

Vertex

Capital

Investment

Ltd

4.75%,

04/03/2024

2,600‌

2,743‌

Visa

Inc

3.15%,

12/14/2025

850‌

932‌

$

108,421‌

Electric

-

1.51%

Acwa

Power

Management

And

Investments

One

Ltd

5.95%,

12/15/2039

(f)

639‌

758‌

Adani

Electricity

Mumbai

Ltd

3.95%,

02/12/2030

(f)

4,573‌

4,603‌

Calpine

Corp

5.00%,

02/01/2031

(f)

2,000‌

2,020‌

Cometa

Energia

SA

de

CV

6.38%,

04/24/2035

2,651‌

3,105‌

Dominion

Energy

Inc

3.38%,

04/01/2030

2,500‌

2,773‌

4.65%,

12/15/2024

(i),(k)

15,974‌

17,080‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.99%

Duke

Energy

Corp

3.75%,

09/01/2046

600‌

659‌

4.88%,

09/16/2024

(i),(k)

11,350‌

12,093‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.39%

E.ON

SE

0.38%,

09/29/2027

EUR

800‌

972‌

Emera

US

Finance

LP

4.75%,

06/15/2046

$

400‌

485‌

Enel

Chile

SA

4.88%,

06/12/2028

2,000‌

2,302‌

Enel

SpA

8.75%,

09/24/2073

(f),(k)

2,500‌

2,885‌

USD

Swap

Semi-Annual

5

Year

+

5.88%

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

48

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Electric

(continued)

Engie

SA

2.00%,

09/28/2037

EUR

500‌

$

707‌

Eskom

Holdings

SOC

Ltd

7.50%,

09/15/2033

ZAR

23,000‌

1,188‌

Fortis

Inc/Canada

3.06%,

10/04/2026

$

964‌

1,045‌

Lamar

Funding

Ltd

3.96%,

05/07/2025

1,500‌

1,498‌

LLPL

Capital

Pte

Ltd

6.88%,

02/04/2039

(f)

912‌

1,066‌

Minejesa

Capital

BV

4.63%,

08/10/2030

2,300‌

2,432‌

Mong

Duong

Finance

Holdings

BV

5.13%,

05/07/2029

(f)

1,100‌

1,089‌

NextEra

Energy

Capital

Holdings

Inc

2.25%,

06/01/2030

2,700‌

2,774‌

Pampa

Energia

SA

7.50%,

01/24/2027

(f)

1,250‌

1,116‌

7.50%,

01/24/2027

3,000‌

2,678‌

RWE

AG

3.50%,

04/21/2075

(k)

EUR

500‌

637‌

EUR

Swap

Annual

(VS

6

Month)

5

Year

+

3.25%

Southern

Co/The

4.00%,

01/15/2051

(k)

$

1,000‌

1,055‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.73%

Star

Energy

Geothermal

Wayang

Windu

Ltd

6.75%,

04/24/2033

1,773‌

2,008‌

Vistra

Operations

Co

LLC

5.50%,

09/01/2026

(f)

890‌

917‌

$

69,945‌

Electrical

Components

&

Equipment

-

0.01%

Belden

Inc

2.88%,

09/15/2025

EUR

500‌

598‌

Energy

-

Alternate

Sources

-

0.04%

Aydem

Yenilenebilir

Enerji

AS

7.75%,

02/02/2027

(f),(j)

$

420‌

422‌

Azure

Power

Energy

Ltd

5.50%,

11/03/2022

551‌

558‌

Azure

Power

Solar

Energy

Pvt

Ltd

5.65%,

12/24/2024

(f)

600‌

630‌

$

1,610‌

Engineering

&

Construction

-

0.23%

ATP

Tower

Holdings

LLC

/

Andean

Tower

Partners

Colombia

SAS

/

Andean

Telecom

Par

4.05%,

04/27/2026

(f)

630‌

647‌

Hacienda

Investments

Ltd

Via

DME

Airport

DAC

5.35%,

02/08/2028

(f)

2,300‌

2,410‌

IHS

Netherlands

Holdco

BV

7.13%,

03/18/2025

(f)

4,000‌

4,140‌

8.00%,

09/18/2027

(f)

1,050‌

1,124‌

Interchile

SA

4.50%,

06/30/2056

(f)

590‌

631‌

Rutas

2

and

7

Finance

Ltd

0.00%,

09/30/2036

(e)

750‌

567‌

Tutor

Perini

Corp

6.88%,

05/01/2025

(a),(f)

1,240‌

1,280‌

$

10,799‌

Entertainment

-

0.74%

Caesars

Entertainment

Inc

8.13%,

07/01/2027

(f)

1,175‌

1,292‌

Caesars

Resort

Collection

LLC

/

CRC

Finco

Inc

5.25%,

10/15/2025

(f)

5,804‌

5,851‌

5.75%,

07/01/2025

(f)

1,875‌

1,971‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Entertainment

(continued)

Cinemark

USA

Inc

5.25%,

07/15/2028

(f)

$

1,925‌

$

1,809‌

5.88%,

03/15/2026

(f)

2,450‌

2,407‌

8.75%,

05/01/2025

(f)

250‌

267‌

Everi

Holdings

Inc

5.00%,

07/15/2029

(f)

1,725‌

1,764‌

International

Game

Technology

PLC

6.50%,

02/15/2025

(f)

1,415‌

1,579‌

Lions

Gate

Capital

Holdings

LLC

5.50%,

04/15/2029

(f)

6,060‌

6,204‌

Live

Nation

Entertainment

Inc

4.75%,

10/15/2027

(f)

1,750‌

1,787‌

5.63%,

03/15/2026

(f)

1,350‌

1,406‌

6.50%,

05/15/2027

(f)

3,000‌

3,311‌

Resorts

World

Las

Vegas

LLC

/

RWLV

Capital

Inc

4.63%,

04/16/2029

400‌

419‌

Scientific

Games

International

Inc

7.00%,

05/15/2028

(f)

500‌

539‌

Sisal

Group

SpA

7.00%,

07/31/2023

EUR

344‌

409‌

Speedway

Motorsports

LLC

/

Speedway

Funding

II

Inc

4.88%,

11/01/2027

(f)

$

2,925‌

2,965‌

$

33,980‌

Environmental

Control

-

0.18%

Covanta

Holding

Corp

5.00%,

09/01/2030

875‌

939‌

6.00%,

01/01/2027

1,375‌

1,427‌

GFL

Environmental

Inc

4.75%,

06/15/2029

(f)

2,600‌

2,687‌

Madison

IAQ

LLC

5.88%,

06/30/2029

(f)

3,225‌

3,260‌

$

8,313‌

Food

-

0.49%

BRF

SA

4.88%,

01/24/2030

(f)

800‌

829‌

Casino

Guichard

Perrachon

SA

4.50%,

03/07/2024

EUR

1,500‌

1,779‌

Chobani

LLC

/

Chobani

Finance

Corp

Inc

4.63%,

11/15/2028

(f)

$

400‌

416‌

Grupo

Bimbo

SAB

de

CV

5.95%,

04/17/2023

(f),(i),(k)

840‌

882‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.28%

JBS

Finance

Luxembourg

Sarl

3.63%,

01/15/2032

(f)

470‌

473‌

Kraft

Heinz

Foods

Co

5.00%,

07/15/2035

1,700‌

2,102‌

Nestle

Holdings

Inc

4.00%,

09/24/2048

(f)

950‌

1,189‌

Performance

Food

Group

Inc

4.25%,

08/01/2029

(f)

2,400‌

2,439‌

5.50%,

10/15/2027

(f)

4,600‌

4,792‌

Post

Holdings

Inc

4.50%,

09/15/2031

(f)

1,500‌

1,518‌

Simmons

Foods

Inc/Simmons

Prepared

Foods

Inc/Simmons

Pet

Food

Inc/Simmons

Feed

4.63%,

03/01/2029

(f)

2,390‌

2,413‌

US

Foods

Inc

4.75%,

02/15/2029

(f)

3,518‌

3,588‌

$

22,420‌

Food

Service

-

0.14%

Aramark

Services

Inc

5.00%,

02/01/2028

(f)

5,385‌

5,595‌

6.38%,

05/01/2025

(f)

1,020‌

1,076‌

$

6,671‌

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

49

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Forest

Products

&

Paper

-

0.10%

Suzano

Austria

GmbH

3.13%,

01/15/2032

$

490‌

$

486‌

5.00%,

01/15/2030

3,550‌

4,020‌

$

4,506‌

Gas

-

0.16%

NiSource

Inc

5.65%,

06/15/2023

(i),(k)

7,000‌

7,332‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.84%

Healthcare

-

Products

-

0.11%

Avantor

Funding

Inc

4.63%,

07/15/2028

(f)

750‌

789‌

Medtronic

Global

Holdings

SCA

1.75%,

07/02/2049

EUR

300‌

403‌

Stryker

Corp

1.95%,

06/15/2030

$

2,200‌

2,222‌

Thermo

Fisher

Scientific

Inc

4.10%,

08/15/2047

1,150‌

1,425‌

$

4,839‌

Healthcare

-

Services

-

1.36%

Acadia

Healthcare

Co

Inc

5.00%,

04/15/2029

(f)

2,425‌

2,540‌

5.50%,

07/01/2028

(f)

1,450‌

1,546‌

Anthem

Inc

3.65%,

12/01/2027

1,400‌

1,578‌

CHS/Community

Health

Systems

Inc

4.75%,

02/15/2031

(f)

1,800‌

1,827‌

8.00%,

03/15/2026

(f)

1,000‌

1,072‌

DaVita

Inc

3.75%,

02/15/2031

(f)

2,400‌

2,327‌

Envision

Healthcare

Corp

8.75%,

10/15/2026

(f)

14,540‌

10,722‌

Fresenius

SE

&

Co

KGaA

0.75%,

01/15/2028

EUR

600‌

738‌

HCA

Inc

5.38%,

02/01/2025

$

2,200‌

2,494‌

Humana

Inc

1.35%,

02/03/2027

(j)

2,000‌

2,003‌

Legacy

LifePoint

Health

LLC

4.38%,

02/15/2027

(f)

1,625‌

1,629‌

MEDNAX

Inc

6.25%,

01/15/2027

(f)

2,000‌

2,107‌

Radiology

Partners

Inc

9.25%,

02/01/2028

(f)

5,425‌

5,845‌

Surgery

Center

Holdings

Inc

6.75%,

07/01/2025

(f)

5,418‌

5,513‌

10.00%,

04/15/2027

(f)

6,457‌

7,038‌

Tenet

Healthcare

Corp

4.63%,

09/01/2024

(f)

2,300‌

2,352‌

5.13%,

11/01/2027

(f)

9,220‌

9,659‌

6.13%,

10/01/2028

(f)

1,000‌

1,065‌

UnitedHealth

Group

Inc

6.88%,

02/15/2038

550‌

867‌

$

62,922‌

Holding

Companies

-

Diversified

-

0.07%

CK

Hutchison

Finance

16

Ltd

1.25%,

04/06/2023

EUR

1,300‌

1,579‌

ProGroup

AG

3.00%,

03/31/2026

1,550‌

1,857‌

$

3,436‌

Home

Builders

-

0.04%

Taylor

Morrison

Communities

Inc

/

Taylor

Morrison

Holdings

II

Inc

5.63%,

03/01/2024

(f)

$

1,755‌

1,898‌

Insurance

-

2.90%

Acrisure

LLC

/

Acrisure

Finance

Inc

7.00%,

11/15/2025

(f)

8,482‌

8,609‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Insurance

(continued)

Allstate

Corp/The

6.50%,

05/15/2067

(k)

$

10,228‌

$

13,657‌

3

Month

USD

LIBOR

+

2.12%

American

International

Group

Inc

8.18%,

05/15/2068

(k)

3,850‌

5,712‌

3

Month

USD

LIBOR

+

4.20%

AmWINS

Group

Inc

4.88%,

06/30/2029

(f)

1,100‌

1,122‌

Argentum

Netherlands

BV

for

Swiss

Re

Ltd

5.63%,

08/15/2052

(k)

4,500‌

5,180‌

3

Month

USD

LIBOR

+

3.78%

5.75%,

08/15/2050

(k)

1,000‌

1,133‌

3

Month

USD

LIBOR

+

3.59%

Argentum

Netherlands

BV

for

Zurich

Insurance

Co

Ltd

5.13%,

06/01/2048

(k)

2,000‌

2,310‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.27%

AssuredPartners

Inc

5.63%,

01/15/2029

(f)

2,350‌

2,333‌

7.00%,

08/15/2025

(f)

17,802‌

18,114‌

AXA

SA

6.38%,

12/14/2036

(f),(i),(k)

3,000‌

4,192‌

3

Month

USD

LIBOR

+

2.26%

8.60%,

12/15/2030

1,000‌

1,516‌

Berkshire

Hathaway

Inc

1.63%,

03/16/2035

EUR

1,700‌

2,282‌

Caisse

Nationale

de

Reassurance

Mutuelle

Agricole

Groupama

6.38%,

05/28/2024

(i),(k)

400‌

547‌

3

Month

Euro

Interbank

Offered

Rate

+

5.77%

Heungkuk

Life

Insurance

Co

Ltd

4.48%,

11/09/2022

(i),(k)

$

2,300‌

2,340‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.47%

HUB

International

Ltd

7.00%,

05/01/2026

(f)

4,525‌

4,684‌

Liberty

Mutual

Group

Inc

7.80%,

03/07/2087

(f)

7,361‌

9,862‌

3

Month

USD

LIBOR

+

3.58%

Liberty

Mutual

Insurance

Co

7.70%,

10/15/2097

(f)

946‌

1,522‌

M&G

PLC

6.50%,

10/20/2048

(k)

3,200‌

3,873‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.41%

Mapfre

SA

1.63%,

05/19/2026

EUR

1,100‌

1,424‌

Massachusetts

Mutual

Life

Insurance

Co

3.38%,

04/15/2050

(f)

$

650‌

696‌

Meiji

Yasuda

Life

Insurance

Co

5.20%,

10/20/2045

(f),(k)

350‌

396‌

USD

Swap

Semi-Annual

5

Year

+

4.23%

MetLife

Inc

3.85%,

09/15/2025

(i),(k)

5,900‌

6,173‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.58%

9.25%,

04/08/2068

(f)

8,000‌

12,225‌

3

Month

USD

LIBOR

+

5.54%

10.75%,

08/01/2069

900‌

1,550‌

3

Month

USD

LIBOR

+

7.55%

New

York

Life

Global

Funding

1.85%,

08/01/2031

(f),(j)

3,000‌

3,001‌

Nippon

Life

Insurance

Co

5.10%,

10/16/2044

(f),(k)

5,000‌

5,528‌

USD

Swap

Semi-Annual

5

Year

+

3.65%

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

50

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Insurance

(continued)

Prudential

Financial

Inc

5.88%,

09/15/2042

(k)

$

1,000‌

$

1,054‌

3

Month

USD

LIBOR

+

4.18%

Sagicor

Financial

Co

Ltd

5.30%,

05/13/2028

(f)

400‌

420‌

Societa

Cattolica

Di

Assicurazione

SPA

4.25%,

12/14/2047

(k)

EUR

800‌

1,074‌

3

Month

Euro

Interbank

Offered

Rate

+

4.46%

Sumitomo

Life

Insurance

Co

6.50%,

09/20/2073

(f),(k)

$

6,985‌

7,718‌

3

Month

USD

LIBOR

+

4.44%

Swiss

Re

Finance

Luxembourg

SA

5.00%,

04/02/2049

(f),(k)

1,200‌

1,371‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.58%

Talanx

AG

2.25%,

12/05/2047

(k)

EUR

400‌

518‌

3

Month

Euro

Interbank

Offered

Rate

+

2.45%

Voya

Financial

Inc

6.13%,

09/15/2023

(i),(k)

$

1,500‌

1,616‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.36%

$

133,752‌

Internet

-

0.49%

Alibaba

Group

Holding

Ltd

3.25%,

02/09/2061

1,050‌

1,021‌

3.40%,

12/06/2027

2,000‌

2,187‌

Alphabet

Inc

2.00%,

08/15/2026

900‌

948‌

Baidu

Inc

2.38%,

10/09/2030

900‌

904‌

Booking

Holdings

Inc

3.60%,

06/01/2026

1,200‌

1,335‌

Cablevision

Lightpath

LLC

3.88%,

09/15/2027

(f)

925‌

918‌

5.63%,

09/15/2028

(f)

2,075‌

2,111‌

JD.com

Inc

3.88%,

04/29/2026

1,045‌

1,146‌

Netflix

Inc

3.63%,

05/15/2027

EUR

500‌

688‌

4.38%,

11/15/2026

$

1,760‌

1,997‌

Prosus

NV

3.83%,

02/08/2051

(f)

700‌

650‌

Tencent

Holdings

Ltd

3.98%,

04/11/2029

(f)

3,100‌

3,473‌

3.98%,

04/11/2029

(a)

700‌

784‌

Uber

Technologies

Inc

8.00%,

11/01/2026

(f)

1,500‌

1,607‌

United

Group

BV

4.00%,

11/15/2027

EUR

2,400‌

2,816‌

$

22,585‌

Investment

Companies

-

0.02%

Huarong

Finance

2019

Co

Ltd

4.50%,

05/29/2029

$

950‌

608‌

MDGH

-

GMTN

BV

3.70%,

11/07/2049

400‌

440‌

$

1,048‌

Iron

&

Steel

-

1.97%

Baffinland

Iron

Mines

Corp

/

Baffinland

Iron

Mines

LP

8.75%,

07/15/2026

(f)

18,412‌

19,603‌

Big

River

Steel

LLC

/

BRS

Finance

Corp

6.63%,

01/31/2029

(f)

1,830‌

2,011‌

CSN

Islands

XII

Corp

7.00%,

09/23/2021

(i)

3,450‌

3,474‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Iron

&

Steel

(continued)

CSN

Resources

SA

4.63%,

06/10/2031

(f)

$

640‌

$

662‌

GTL

Trade

Finance

Inc

7.25%,

04/16/2044

(a)

1,800‌

2,512‌

Material

Sciences

Corp

8.00%,

01/09/2024

(g),(h),(m)

18,397‌

18,397‌

Metinvest

BV

7.65%,

10/01/2027

(f)

1,400‌

1,542‌

Specialty

Steel

11%

Flt

11.00%,

11/15/2026

(g),(h)

41,564‌

41,564‌

Vale

Overseas

Ltd

3.75%,

07/08/2030

1,140‌

1,220‌

$

90,985‌

Lodging

-

0

.35%

Boyd

Gaming

Corp

4.75%,

06/15/2031

(f)

5,630‌

5,825‌

Gohl

Capital

Ltd

4.25%,

01/24/2027

3,250‌

3,436‌

MGM

China

Holdings

Ltd

4.75%,

02/01/2027

(f)

800‌

806‌

Station

Casinos

LLC

5.00%,

10/01/2025

(f)

4,329‌

4,378‌

Wynn

Las

Vegas

LLC

/

Wynn

Las

Vegas

Capital

Corp

5.25%,

05/15/2027

(f)

1,840‌

1,931‌

$

16,376‌

Machinery

-

Diversified

-

0.54%

JPW

Industries

Holding

Corp

9.00%,

10/01/2024

(f)

7,240‌

7,584‌

Titan

Acquisition

Ltd

/

Titan

Co-Borrower

LLC

7.75%,

04/15/2026

(f)

16,660‌

17,146‌

$

24,730‌

Media

-

1.58%

Altice

Finco

SA

4.75%,

01/15/2028

EUR

300‌

349‌

AMC

Networks

Inc

4.75%,

08/01/2025

$

2,045‌

2,096‌

CCO

Holdings

LLC

/

CCO

Holdings

Capital

Corp

4.50%,

08/15/2030

(f)

474‌

498‌

5.38%,

06/01/2029

(f)

3,500‌

3,809‌

5.50%,

05/01/2026

(f)

2,105‌

2,176‌

Charter

Communications

Operating

LLC

/

Charter

Communications

Operating

Capital

3.70%,

04/01/2051

500‌

506‌

6.48%,

10/23/2045

1,000‌

1,407‌

Comcast

Corp

4.15%,

10/15/2028

950‌

1,105‌

4.70%,

10/15/2048

325‌

426‌

CSC

Holdings

LLC

4.63%,

12/01/2030

(f)

6,991‌

6,886‌

5.75%,

01/15/2030

(f)

3,350‌

3,491‌

7.50%,

04/01/2028

(f)

650‌

709‌

Discovery

Communications

LLC

4.00%,

09/15/2055

700‌

752‌

Globo

Comunicacao

e

Participacoes

SA

4.88%,

01/22/2030

(a)

2,000‌

2,062‌

Grupo

Televisa

SAB

5.00%,

05/13/2045

1,400‌

1,734‌

LCPR

Senior

Secured

Financing

DAC

5.13%,

07/15/2029

(f)

650‌

665‌

Midcontinent

Communications

/

Midcontinent

Finance

Corp

5.38%,

08/15/2027

(f)

1,414‌

1,472‌

Nexstar

Media

Inc

4.75%,

11/01/2028

(f)

1,560‌

1,609‌

5.63%,

07/15/2027

(f)

7,150‌

7,559‌

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

51

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Media

(continued)

Scripps

Escrow

II

Inc

5.38%,

01/15/2031

(f)

$

2,870‌

$

2,863‌

Sirius

XM

Radio

Inc

4.00%,

07/15/2028

(f)

1,400‌

1,444‌

SportsNet

New

York

10.25%,

01/15/2025

(g),(h)

20,090‌

20,267‌

Virgin

Media

Finance

PLC

5.00%,

07/15/2030

(f)

4,200‌

4,273‌

Ziggo

Bond

Co

BV

6.00%,

01/15/2027

(f)

3,500‌

3,644‌

Ziggo

BV

5.50%,

01/15/2027

(f)

1,050‌

1,089‌

$

72,891‌

Metal

Fabrication

&

Hardware

-

0.02%

Park-Ohio

Industries

Inc

6.63%,

04/15/2027

885‌

900‌

Mining

-

1.12%

Arconic

Corp

6.13%,

02/15/2028

(f)

6,125‌

6,523‌

Century

Aluminum

Co

7.50%,

04/01/2028

(f)

9,530‌

10,173‌

Constellium

SE

3.75%,

04/15/2029

(f)

950‌

948‌

5.63%,

06/15/2028

(f)

600‌

640‌

Corp

Nacional

del

Cobre

de

Chile

3.70%,

01/30/2050

750‌

790‌

First

Quantum

Minerals

Ltd

6.88%,

10/15/2027

(f)

800‌

867‌

Fresnillo

PLC

4.25%,

10/02/2050

(f)

1,245‌

1,300‌

Industrias

Penoles

SAB

de

CV

4.15%,

09/12/2029

(a)

2,800‌

3,056‌

Joseph

T

Ryerson

&

Son

Inc

8.50%,

08/01/2028

(f)

308‌

340‌

Newmont

Corp

4.88%,

03/15/2042

650‌

845‌

Northwest

Acquisitions

ULC

/

Dominion

Finco

Inc

0.00%,

11/01/2022

(e),(f)

19,888‌

2‌

Novelis

Corp

4.75%,

01/30/2030

(f)

4,014‌

4,274‌

Petropavlovsk

2016

Ltd

8.13%,

11/14/2022

1,500‌

1,563‌

Real

Alloy

Holding

Inc

11.00%,

11/30/2023

(g),(h),(m)

19,795‌

19,795‌

Vedanta

Resources

Finance

II

PLC

8.95%,

03/11/2025

(f)

495‌

465‌

13.88%,

01/21/2024

(f)

315‌

332‌

$

51,913‌

Miscellaneous

Manufacturers

-

0.03%

3M

Co

4.00%,

09/14/2048

200‌

249‌

Illinois

Tool

Works

Inc

3.90%,

09/01/2042

1,000‌

1,215‌

$

1,464‌

Oil

&

Gas

-

3.19%

Apache

Corp

4.25%,

01/15/2044

500‌

490‌

4.88%,

11/15/2027

1,975‌

2,123‌

BP

Capital

Markets

America

Inc

3.00%,

02/24/2050

300‌

296‌

BP

Capital

Markets

PLC

4.88%,

03/22/2030

(i),(k)

10,960‌

12,100‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.40%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Oil

&

Gas

(continued)

Chesapeake

Energy

Corp

5.50%,

02/01/2026

(f)

$

750‌

$

782‌

5.88%,

02/01/2029

(f)

425‌

452‌

Colgate

Energy

Partners

III

LLC

5.88%,

07/01/2029

(f)

1,300‌

1,349‌

Comstock

Resources

Inc

5.88%,

01/15/2030

(f)

1,050‌

1,056‌

6.75%,

03/01/2029

(f)

100‌

104‌

Continental

Resources

Inc/OK

5.75%,

01/15/2031

(f)

1,100‌

1,326‌

Cosan

Luxembourg

SA

7.00%,

01/20/2027

1,800‌

1,897‌

CrownRock

LP

/

CrownRock

Finance

Inc

5.00%,

05/01/2029

(f)

350‌

365‌

Ecopetrol

SA

5.88%,

05/28/2045

1,110‌

1,184‌

6.88%,

04/29/2030

2,180‌

2,632‌

Energean

Israel

Finance

Ltd

4.50%,

03/30/2024

(f)

500‌

509‌

5.88%,

03/30/2031

(f)

4,300‌

4,404‌

Exxon

Mobil

Corp

4.23%,

03/19/2040

500‌

610‌

Gazprom

PJSC

via

Gaz

Finance

PLC

4.60%,

10/26/2025

(f),(i),(k)

2,825‌

2,945‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.26%

Gran

Tierra

Energy

Inc

7.75%,

05/23/2027

(f)

435‌

384‌

Hilcorp

Energy

I

LP

/

Hilcorp

Finance

Co

5.75%,

02/01/2029

(f)

400‌

407‌

6.00%,

02/01/2031

(f)

725‌

757‌

HollyFrontier

Corp

5.88%,

04/01/2026

1,100‌

1,274‌

Kosmos

Energy

Ltd

7.13%,

04/04/2026

(f)

775‌

756‌

7.13%,

04/04/2026

2,000‌

1,950‌

Leviathan

Bond

Ltd

6.50%,

06/30/2027

(f)

4,200‌

4,625‌

6.75%,

06/30/2030

(f)

1,000‌

1,121‌

Lukoil

International

Finance

BV

4.75%,

11/02/2026

800‌

899‌

MC

Brazil

Downstream

Trading

SARL

7.25%,

06/30/2031

(f)

2,000‌

2,074‌

Medco

Bell

Pte

Ltd

6.38%,

01/30/2027

(f)

790‌

792‌

MEG

Energy

Corp

5.88%,

02/01/2029

(f)

325‌

336‌

7.13%,

02/01/2027

(f)

5,500‌

5,771‌

Moss

Creek

Resources

Holdings

Inc

7.50%,

01/15/2026

(f)

700‌

626‌

NAK

Naftogaz

Ukraine

via

Kondor

Finance

PLC

7.13%,

07/19/2024

EUR

2,800‌

3,424‌

Occidental

Petroleum

Corp

3.00%,

02/15/2027

$

3,400‌

3,375‌

3.20%,

08/15/2026

1,981‌

1,966‌

3.50%,

08/15/2029

1,800‌

1,796‌

5.50%,

12/01/2025

2,300‌

2,530‌

6.20%,

03/15/2040

475‌

550‌

6.38%,

09/01/2028

200‌

233‌

6.45%,

09/15/2036

7,972‌

9,625‌

6.63%,

09/01/2030

975‌

1,190‌

8.88%,

07/15/2030

4,740‌

6,395‌

Odebrecht

Drilling

Norbe

VIII/IX

Ltd

6.35%,

12/01/2021

97‌

96‌

Oil

India

Ltd

5.13%,

02/04/2029

2,200‌

2,493‌

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

52

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Oil

&

Gas

(continued)

OQ

SAOC

5.13%,

05/06/2028

(f)

$

450‌

$

451‌

PDC

Energy

Inc

5.75%,

05/15/2026

2,300‌

2,376‌

Pertamina

Persero

PT

4.15%,

02/25/2060

300‌

302‌

5.63%,

05/20/2043

(f)

700‌

828‌

Petrobras

Global

Finance

BV

5.50%,

06/10/2051

565‌

556‌

7.25%,

03/17/2044

1,500‌

1,800‌

Petroleos

de

Venezuela

SA

0.00%,

10/27/2020

(e)

1,028‌

262‌

0.00%,

11/17/2021

(e)

17,250‌

733‌

0.00%,

05/16/2024

(e)

38,002‌

1,615‌

0.00%,

11/15/2026

(e)

12,045‌

512‌

0.00%,

04/12/2027

(e)

425‌

18‌

0.00%,

05/17/2035

(e)

536‌

23‌

0.00%,

04/12/2037

(e)

5,840‌

248‌

Petroleos

Mexicanos

6.50%,

01/23/2029

2,080‌

2,159‌

6.63%,

06/15/2035

6,200‌

5,987‌

7.19%,

09/12/2024

MXN

17,000‌

813‌

7.69%,

01/23/2050

$

2,240‌

2,177‌

9.50%,

09/15/2027

1,000‌

1,165‌

Petron

Corp

4.60%,

07/19/2023

(i),(k)

750‌

750‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.77%

Phillips

66

3.85%,

04/09/2025

2,250‌

2,475‌

Qatar

Petroleum

2.25%,

07/12/2031

(f)

1,160‌

1,174‌

3.30%,

07/12/2051

(f)

1,510‌

1,565‌

SA

Global

Sukuk

Ltd

2.69%,

06/17/2031

(f)

1,310‌

1,343‌

Saudi

Arabian

Oil

Co

4.25%,

04/16/2039

(f)

1,155‌

1,311‌

4.38%,

04/16/2049

(f)

1,500‌

1,755‌

SEPLAT

Energy

PLC

7.75%,

04/01/2026

(f)

730‌

757‌

Southwestern

Energy

Co

7.75%,

10/01/2027

1,030‌

1,105‌

Suncor

Energy

Inc

3.75%,

03/04/2051

600‌

665‌

Sunoco

LP

/

Sunoco

Finance

Corp

5.50%,

02/15/2026

1,045‌

1,075‌

5.88%,

03/15/2028

75‌

79‌

6.00%,

04/15/2027

2,975‌

3,105‌

Tecpetrol

SA

4.88%,

12/12/2022

800‌

800‌

Teine

Energy

Ltd

6.88%,

04/15/2029

(f)

4,650‌

4,720‌

Tengizchevroil

Finance

Co

International

Ltd

3.25%,

08/15/2030

(f)

400‌

408‌

TotalEnergies

SE

2.63%,

02/26/2025

(i),(k)

EUR

1,600‌

2,031‌

EUR

Swap

Annual

(VS

6

Month)

5

Year

+

2.15%

Tullow

Oil

PLC

7.00%,

03/01/2025

$

3,250‌

2,807‌

10.25%,

05/15/2026

(f)

930‌

970‌

Turkiye

Petrol

Rafinerileri

AS

4.50%,

10/18/2024

2,000‌

2,007‌

Valero

Energy

Corp

6.63%,

06/15/2037

200‌

277‌

Vine

Energy

Holdings

LLC

6.75%,

04/15/2029

(f)

1,500‌

1,564‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Oil

&

Gas

(continued)

W&T

Offshore

Inc

9.75%,

11/01/2023

(f)

$

2,500‌

$

2,399‌

YPF

SA

2.50%,

06/30/2029

(m)

305‌

199‌

$

147,435‌

Oil

&

Gas

Services

-

0.07%

Guara

Norte

Sarl

5.20%,

06/15/2034

1,965‌

2,023‌

USA

Compression

Partners

LP

/

USA

Compression

Finance

Corp

6.88%,

04/01/2026

1,180‌

1,236‌

$

3,259‌

Packaging

&

Containers

-

0.95%

Ardagh

Packaging

Finance

PLC

/

Ardagh

Holdings

USA

Inc

6.00%,

02/15/2025

(f)

1,161‌

1,197‌

Ball

Corp

4.38%,

12/15/2023

EUR

800‌

1,042‌

Berry

Global

Inc

5.63%,

07/15/2027

(f)

$

1,600‌

1,684‌

Crown

Americas

LLC

/

Crown

Americas

Capital

Corp

VI

4.75%,

02/01/2026

325‌

336‌

Crown

Cork

&

Seal

Co

Inc

7.38%,

12/15/2026

1,385‌

1,702‌

Crown

European

Holdings

SA

3.38%,

05/15/2025

EUR

300‌

383‌

Graham

Packaging

Co

Inc

7.13%,

08/15/2028

(f)

$

150‌

160‌

Intelligent

Packaging

Ltd

Finco

Inc

/

Intelligent

Packaging

Ltd

Co-Issuer

LLC

6.00%,

09/15/2028

(f)

4,050‌

4,212‌

Klabin

Austria

GmbH

7.00%,

04/03/2049

750‌

954‌

Plastipak

Holdings

Inc

6.25%,

10/15/2025

(f)

3,487‌

3,559‌

Silgan

Holdings

Inc

3.25%,

03/15/2025

EUR

600‌

718‌

Smurfit

Kappa

Treasury

ULC

1.50%,

09/15/2027

1,700‌

2,162‌

Trident

TPI

Holdings

Inc

6.63%,

11/01/2025

(f)

$

10,384‌

10,631‌

9.25%,

08/01/2024

(f)

8,420‌

8,873‌

Trivium

Packaging

Finance

BV

5.50%,

08/15/2026

(f)

6,000‌

6,270‌

$

43,883‌

Pharmaceuticals

-

0.70%

AbbVie

Inc

4.05%,

11/21/2039

2,300‌

2,712‌

AstraZeneca

PLC

4.00%,

01/17/2029

1,150‌

1,336‌

Bausch

Health

Americas

Inc

8.50%,

01/31/2027

(f)

1,580‌

1,708‌

Bausch

Health

Cos

Inc

5.00%,

01/30/2028

(f)

800‌

763‌

5.25%,

01/30/2030

(f)

7,850‌

7,388‌

7.00%,

01/15/2028

(f)

3,450‌

3,623‌

Bayer

Capital

Corp

BV

1.50%,

06/26/2026

EUR

800‌

1,012‌

Cigna

Corp

4.80%,

08/15/2038

$

2,150‌

2,724‌

CVS

Health

Corp

5.05%,

03/25/2048

700‌

933‌

Eli

Lilly

&

Co

1.70%,

11/01/2049

EUR

325‌

461‌

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

53

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pharmaceuticals

(continued)

Organon

&

Co

/

Organon

Foreign

Debt

Co-Issuer

BV

5.13%,

04/30/2031

(f)

$

1,900‌

$

1,957‌

Pfizer

Inc

2.74%,

06/15/2043

GBP

1,800‌

2,943‌

4.00%,

12/15/2036

$

225‌

277‌

Prestige

Brands

Inc

3.75%,

04/01/2031

(f)

1,100‌

1,088‌

Teva

Pharmaceutical

Finance

Netherlands

II

BV

1.88%,

03/31/2027

EUR

900‌

996‌

Teva

Pharmaceutical

Finance

Netherlands

III

BV

3.15%,

10/01/2026

$

1,100‌

1,056‌

Utah

Acquisition

Sub

Inc

3.95%,

06/15/2026

1,275‌

1,414‌

$

32,391‌

Pipelines

-

1.21%

Abu

Dhabi

Crude

Oil

Pipeline

LLC

4.60%,

11/02/2047

760‌

904‌

Antero

Midstream

Partners

LP

/

Antero

Midstream

Finance

Corp

5.75%,

03/01/2027

(f)

1,000‌

1,030‌

5.75%,

01/15/2028

(f)

1,550‌

1,620‌

Buckeye

Partners

LP

4.50%,

03/01/2028

(f)

2,725‌

2,766‌

5.60%,

10/15/2044

50‌

49‌

5.85%,

11/15/2043

350‌

352‌

CQP

Holdco

LP

/

BIP-V

Chinook

Holdco

LLC

5.50%,

06/15/2031

(f)

3,600‌

3,735‌

DT

Midstream

Inc

4.13%,

06/15/2029

(f)

350‌

359‌

4.38%,

06/15/2031

(f)

2,000‌

2,075‌

Enbridge

Inc

2.50%,

08/01/2033

2,700‌

2,752‌

6.25%,

03/01/2078

(k)

5,600‌

6,234‌

3

Month

USD

LIBOR

+

3.64%

EQM

Midstream

Partners

LP

4.75%,

01/15/2031

(f)

1,525‌

1,552‌

Galaxy

Pipeline

Assets

Bidco

Ltd

1.75%,

09/30/2027

(f)

1,300‌

1,317‌

Genesis

Energy

LP

/

Genesis

Energy

Finance

Corp

8.00%,

01/15/2027

100‌

103‌

Harvest

Midstream

I

LP

7.50%,

09/01/2028

(f)

4,140‌

4,427‌

Hess

Midstream

Operations

LP

5.63%,

02/15/2026

(f)

1,135‌

1,180‌

Holly

Energy

Partners

LP

/

Holly

Energy

Finance

Corp

5.00%,

02/01/2028

(f)

1,825‌

1,850‌

New

Fortress

Energy

Inc

6.50%,

09/30/2026

(f)

675‌

682‌

6.75%,

09/15/2025

(f)

3,500‌

3,570‌

NuStar

Logistics

LP

6.38%,

10/01/2030

1,250‌

1,387‌

Rockies

Express

Pipeline

LLC

4.80%,

05/15/2030

(f)

2,025‌

2,060‌

4.95%,

07/15/2029

(f)

325‌

335‌

Targa

Resources

Partners

LP

/

Targa

Resources

Partners

Finance

Corp

4.88%,

02/01/2031

(f)

2,725‌

2,946‌

TransCanada

PipeLines

Ltd

4.34%,

10/15/2049

CAD

800‌

683‌

Transcanada

Trust

5.87%,

08/15/2076

(k)

$

4,230‌

4,738‌

3

Month

USD

LIBOR

+

4.64%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pipelines

(continued)

Venture

Global

Calcasieu

Pass

LLC

3.88%,

08/15/2029

(f),(j)

$

1,725‌

$

1,762‌

4.13%,

08/15/2031

(f),(j)

2,075‌

2,149‌

Western

Midstream

Operating

LP

5.30%,

03/01/2048

950‌

1,047‌

5.45%,

04/01/2044

175‌

196‌

6.50%,

02/01/2050

1,250‌

1,470‌

Williams

Cos

Inc/The

6.30%,

04/15/2040

450‌

622‌

$

55,952‌

Real

Estate

-

0.35%

Agile

Group

Holdings

Ltd

5.75%,

01/02/2025

440‌

426‌

CIBANCO

SA

Institucion

de

Banca

Multiple

Trust

CIB/3332

4.38%,

07/22/2031

(f)

750‌

734‌

Corp

Inmobiliaria

Vesta

SAB

de

CV

3.63%,

05/13/2031

(f)

410‌

418‌

Country

Garden

Holdings

Co

Ltd

8.00%,

01/27/2024

1,600‌

1,659‌

Easy

Tactic

Ltd

8.13%,

02/27/2023

1,400‌

1,044‌

Kaisa

Group

Holdings

Ltd

9.95%,

07/23/2025

3,250‌

2,434‌

MAF

Global

Securities

Ltd

6.37%,

03/20/2026

(i),(k)

4,000‌

4,360‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.54%

Scenery

Journey

Ltd

13.00%,

11/06/2022

1,200‌

468‌

Sunac

China

Holdings

Ltd

6.50%,

07/09/2023

3,150‌

3,024‌

Wanda

Properties

International

Co

Ltd

7.25%,

01/29/2024

1,500‌

1,455‌

$

16,022‌

REITs

-

0.19%

Iron

Mountain

Inc

5.25%,

03/15/2028

(f)

2,165‌

2,262‌

MPT

Operating

Partnership

LP

/

MPT

Finance

Corp

3.69%,

06/05/2028

GBP

1,100‌

1,637‌

VICI

Properties

LP

/

VICI

Note

Co

Inc

3.75%,

02/15/2027

(f)

$

3,100‌

3,189‌

Welltower

Inc

4.00%,

06/01/2025

1,400‌

1,551‌

$

8,639‌

Retail

-

0.72%

1011778

BC

ULC

/

New

Red

Finance

Inc

4.00%,

10/15/2030

(f)

725‌

723‌

4.38%,

01/15/2028

(f)

3,500‌

3,548‌

Dollar

Tree

Inc

4.20%,

05/15/2028

1,000‌

1,146‌

L

Brands

Inc

6.75%,

07/01/2036

1,095‌

1,396‌

LBM

Acquisition

LLC

6.25%,

01/15/2029

(f)

1,675‌

1,678‌

Lowe's

Cos

Inc

3.00%,

10/15/2050

600‌

606‌

LSF9

Atlantis

Holdings

LLC

/

Victra

Finance

Corp

7.75%,

02/15/2026

(f)

3,775‌

3,945‌

Park

River

Holdings

Inc

6.75%,

08/01/2029

(f)

1,075‌

1,083‌

QVC

Inc

4.38%,

09/01/2028

2,150‌

2,208‌

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

54

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Retail

(continued)

Specialty

Building

Products

Holdings

LLC

/

SBP

Finance

Corp

6.38%,

09/30/2026

(f)

$

2,150‌

$

2,263‌

SRS

Distribution

Inc

4.63%,

07/01/2028

(f)

3,560‌

3,631‌

Staples

Inc

10.75%,

04/15/2027

(f)

1,700‌

1,649‌

Suburban

Propane

Partners

LP/Suburban

Energy

Finance

Corp

5.00%,

06/01/2031

(f)

1,050‌

1,091‌

Walmart

Inc

5.63%,

03/27/2034

GBP

450‌

939‌

White

Cap

Buyer

LLC

6.88%,

10/15/2028

(f)

$

6,827‌

7,288‌

$

33,194‌

Semiconductors

-

0.06%

Micron

Technology

Inc

2.50%,

04/24/2023

1,500‌

1,545‌

NXP

BV

/

NXP

Funding

LLC

/

NXP

USA

Inc

2.70%,

05/01/2025

(f)

1,300‌

1,375‌

$

2,920‌

Software

-

0.44%

Ascend

Learning

LLC

6.88%,

08/01/2025

(f)

6,623‌

6,747‌

Clarivate

Science

Holdings

Corp

3.88%,

06/30/2028

(f)

1,675‌

1,689‌

4.88%,

06/30/2029

(f)

2,900‌

2,921‌

Open

Text

Corp

3.88%,

02/15/2028

(f)

1,300‌

1,342‌

Playtika

Holding

Corp

4.25%,

03/15/2029

(f)

6,742‌

6,725‌

ZoomInfo

Technologies

LLC/ZoomInfo

Finance

Corp

3.88%,

02/01/2029

(f)

1,075‌

1,077‌

$

20,501‌

Sovereign

-

5.25%

1MDB

Global

Investments

Ltd

4.40%,

03/09/2023

5,400‌

5,423‌

Abu

Dhabi

Government

International

Bond

3.13%,

10/11/2027

(f)

950‌

1,046‌

3.13%,

10/11/2027

600‌

661‌

3.13%,

09/30/2049

(f)

1,500‌

1,540‌

Angolan

Government

International

Bond

8.00%,

11/26/2029

(f)

2,150‌

2,223‌

8.00%,

11/26/2029

1,500‌

1,551‌

9.38%,

05/08/2048

(f)

1,250‌

1,309‌

9.50%,

11/12/2025

1,245‌

1,373‌

Argentine

Republic

Government

International

Bond

0.50%,

07/09/2030

(m)

6,870‌

2,497‌

1.13%,

07/09/2035

(m)

5,700‌

1,838‌

2.00%,

01/09/2038

(m)

3,800‌

1,505‌

Benin

Government

International

Bond

4.88%,

01/19/2032

(f)

EUR

1,750‌

2,053‌

Bolivian

Government

International

Bond

4.50%,

03/20/2028

$

1,900‌

1,701‌

Brazil

Notas

do

Tesouro

Nacional

Serie

F

10.00%,

01/01/2023

BRL

5,150‌

1,015‌

10.00%,

01/01/2029

7,300‌

1,452‌

10.00%,

01/01/2031

8,177‌

1,612‌

Brazilian

Government

International

Bond

3.88%,

06/12/2030

$

2,300‌

2,322‌

Chile

Government

International

Bond

2.55%,

07/27/2033

900‌

918‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Sovereign

(continued)

Colombia

Government

International

Bond

3.25%,

04/22/2032

$

550‌

$

538‌

3.88%,

04/25/2027

1,390‌

1,470‌

5.63%,

02/26/2044

1,100‌

1,228‌

6.13%,

01/18/2041

2,280‌

2,673‌

Colombian

TES

5.75%,

11/03/2027

COP

16,900,000‌

4,203‌

6.25%,

11/26/2025

7,567,300‌

1,993‌

6.25%,

07/09/2036

4,442,000‌

991‌

7.00%,

03/26/2031

1,652,900‌

419‌

Costa

Rica

Government

International

Bond

7.00%,

04/04/2044

(f)

$

800‌

840‌

Dominican

Republic

International

Bond

5.88%,

01/30/2060

(f)

1,160‌

1,170‌

5.88%,

01/30/2060

300‌

303‌

6.50%,

02/15/2048

1,400‌

1,535‌

6.85%,

01/27/2045

3,150‌

3,579‌

Ecuador

Government

International

Bond

5.00%,

07/31/2030

(m)

1,120‌

977‌

Egypt

Government

Bond

14.05%,

07/21/2022

EGP

21,600‌

1,374‌

Egypt

Government

International

Bond

6.38%,

04/11/2031

EUR

3,500‌

4,247‌

7.63%,

05/29/2032

(f)

$

1,795‌

1,893‌

7.63%,

05/29/2032

800‌

844‌

8.50%,

01/31/2047

750‌

775‌

8.88%,

05/29/2050

(f)

1,450‌

1,543‌

8.88%,

05/29/2050

750‌

798‌

El

Salvador

Government

International

Bond

5.88%,

01/30/2025

(f)

290‌

260‌

8.25%,

04/10/2032

(f)

905‌

821‌

Export-Import

Bank

of

India

3.88%,

02/01/2028

3,200‌

3,473‌

Export-Import

Bank

of

Korea

6.20%,

08/07/2021

(f)

INR

76,100‌

1,023‌

8.00%,

05/15/2024

(f)

IDR

21,100,000‌

1,566‌

Gabon

Government

International

Bond

6.38%,

12/12/2024

(f)

$

950‌

1,008‌

6.95%,

06/16/2025

(f)

200‌

217‌

6.95%,

06/16/2025

3,678‌

3,982‌

Ghana

Government

International

Bond

6.38%,

02/11/2027

1,150‌

1,130‌

7.63%,

05/16/2029

(f)

890‌

887‌

7.88%,

02/11/2035

2,500‌

2,398‌

8.63%,

04/07/2034

(f)

1,365‌

1,379‌

Guatemala

Government

Bond

6.13%,

06/01/2050

900‌

1,074‌

Hazine

Mustesarligi

Varlik

Kiralama

AS

5.13%,

06/22/2026

(f)

800‌

802‌

Honduras

Government

International

Bond

6.25%,

01/19/2027

1,750‌

1,913‌

Hungary

Government

Bond

2.25%,

04/20/2033

HUF

293,070‌

906‌

Indonesia

Government

International

Bond

4.35%,

01/08/2027

(f)

$

700‌

794‌

4.45%,

04/15/2070

400‌

476‌

4.63%,

04/15/2043

(f)

765‌

896‌

8.50%,

10/12/2035

1,000‌

1,605‌

Indonesia

Treasury

Bond

7.00%,

09/15/2030

IDR

31,000,000‌

2,251‌

7.50%,

08/15/2032

7,440,000‌

549‌

8.25%,

05/15/2036

18,125,000‌

1,395‌

8.38%,

03/15/2034

38,221,000‌

2,979‌

Israel

Government

International

Bond

4.50%,

01/30/2043

$

2,550‌

3,243‌

Ivory

Coast

Government

International

Bond

5.75%,

12/31/2032

(m)

3,410‌

3,444‌

6.88%,

10/17/2040

(f)

EUR

1,750‌

2,291‌

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

55

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Sovereign

(continued)

Malaysia

Government

Bond

3.76%,

05/22/2040

MYR

7,473‌

$

1,717‌

4.89%,

06/08/2038

6,561‌

1,718‌

Mexican

Bonos

7.50%,

06/03/2027

MXN

53,139‌

2,777‌

7.75%,

05/29/2031

21,700‌

1,156‌

7.75%,

11/23/2034

62,000‌

3,281‌

8.50%,

05/31/2029

45,191‌

2,499‌

10.00%,

11/20/2036

13,470‌

845‌

Mexico

Government

International

Bond

4.28%,

08/14/2041

$

910‌

966‌

4.75%,

04/27/2032

1,025‌

1,176‌

4.75%,

03/08/2044

2,350‌

2,608‌

Montenegro

Government

International

Bond

2.88%,

12/16/2027

EUR

2,000‌

2,258‌

Morocco

Government

International

Bond

4.25%,

12/11/2022

$

1,400‌

1,466‌

Nigeria

Government

International

Bond

6.50%,

11/28/2027

2,200‌

2,335‌

7.70%,

02/23/2038

300‌

307‌

9.25%,

01/21/2049

200‌

230‌

Oman

Government

International

Bond

5.38%,

03/08/2027

3,550‌

3,728‌

6.25%,

01/25/2031

(f)

900‌

972‌

6.75%,

01/17/2048

1,600‌

1,616‌

7.00%,

01/25/2051

(f)

760‌

785‌

Oman

Sovereign

Sukuk

Co

4.40%,

06/01/2024

1,100‌

1,141‌

Pakistan

Government

International

Bond

6.00%,

04/08/2026

(f)

2,450‌

2,465‌

8.88%,

04/08/2051

(f)

670‌

690‌

Panama

Government

International

Bond

2.25%,

09/29/2032

940‌

911‌

Perusahaan

Penerbit

SBSN

Indonesia

III

4.55%,

03/29/2026

1,150‌

1,306‌

Peruvian

Government

International

Bond

2.39%,

01/23/2026

1,000‌

1,024‌

2.78%,

01/23/2031

1,050‌

1,054‌

5.63%,

11/18/2050

1,200‌

1,624‌

6.90%,

08/12/2037

(f)

PEN

4,910‌

1,153‌

Qatar

Government

International

Bond

3.40%,

04/16/2025

(f)

$

945‌

1,028‌

4.82%,

03/14/2049

(f)

710‌

924‌

Republic

of

Belarus

International

Bond

6.88%,

02/28/2023

1,600‌

1,603‌

Republic

of

Cameroon

International

Bond

5.95%,

07/07/2032

(f)

EUR

2,000‌

2,338‌

Republic

of

Kenya

Government

International

Bond

7.00%,

05/22/2027

(f)

$

1,050‌

1,146‌

8.00%,

05/22/2032

3,109‌

3,511‌

Republic

of

Poland

Government

International

Bond

3.25%,

04/06/2026

3,000‌

3,311‌

Republic

of

South

Africa

Government

Bond

7.00%,

02/28/2031

ZAR

41,949‌

2,467‌

8.00%,

01/31/2030

76,751‌

4,983‌

8.88%,

02/28/2035

16,911‌

1,047‌

Republic

of

South

Africa

Government

International

Bond

4.85%,

09/30/2029

$

2,800‌

2,957‌

Romania

Government

Bond

5.00%,

02/12/2029

RON

5,380‌

1,429‌

Romanian

Government

International

Bond

2.00%,

01/28/2032

(f)

EUR

4,100‌

4,888‌

2.75%,

04/14/2041

(f)

420‌

489‌

3.38%,

01/28/2050

570‌

708‌

5.13%,

06/15/2048

$

2,500‌

3,094‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Sovereign

(continued)

Russian

Federal

Bond

-

OFZ

6.70%,

03/14/2029

RUB

163,445‌

$

2,215‌

6.90%,

05/23/2029

24,122‌

333‌

6.90%,

07/23/2031

68,319‌

937‌

7.05%,

01/19/2028

400,000‌

5,564‌

7.70%,

03/23/2033

195,492‌

2,857‌

7.95%,

10/07/2026

46,819‌

675‌

Russian

Foreign

Bond

-

Eurobond

4.38%,

03/21/2029

$

3,000‌

3,401‌

4.50%,

04/04/2022

200‌

206‌

5.25%,

06/23/2047

400‌

508‌

Saudi

Government

International

Bond

3.25%,

10/22/2030

(f)

900‌

974‌

4.50%,

10/26/2046

3,000‌

3,521‌

4.63%,

10/04/2047

(f)

650‌

777‌

Senegal

Government

International

Bond

4.75%,

03/13/2028

EUR

2,525‌

3,130‌

5.38%,

06/08/2037

(f)

800‌

948‌

Sri

Lanka

Government

International

Bond

5.75%,

04/18/2023

$

305‌

221‌

6.85%,

11/03/2025

800‌

509‌

Thailand

Government

Bond

1.59%,

12/17/2035

THB

62,393‌

1,821‌

1.60%,

12/17/2029

18,401‌

570‌

3.78%,

06/25/2032

18,401‌

675‌

Trinidad

&

Tobago

Government

International

Bond

4.50%,

08/04/2026

(a)

$

1,700‌

1,796‌

Turkey

Government

International

Bond

5.13%,

02/17/2028

1,750‌

1,711‌

5.88%,

06/26/2031

455‌

445‌

6.38%,

10/14/2025

1,360‌

1,427‌

Turkiye

Ihracat

Kredi

Bankasi

AS

5.75%,

07/06/2026

(f)

700‌

700‌

Ukraine

Government

Bond

17.00%,

05/11/2022

UAH

81,000‌

3,145‌

Ukraine

Government

International

Bond

1.26%,

05/31/2040

(m)

$

1,765‌

2,054‌

6.88%,

05/21/2029

(f)

285‌

294‌

7.25%,

03/15/2033

3,550‌

3,660‌

7.38%,

09/25/2032

(f)

1,300‌

1,352‌

7.38%,

09/25/2032

1,050‌

1,092‌

7.75%,

09/01/2023

630‌

675‌

7.75%,

09/01/2024

900‌

977‌

Ukreximbank

Via

Biz

Finance

PLC

9.75%,

01/22/2025

744‌

803‌

Venezuela

Government

International

Bond

0.00%,

10/13/2019

(e)

15,701‌

1,609‌

0.00%,

09/15/2027

(e)

4,000‌

416‌

0.00%,

08/05/2031

(e)

2,425‌

252‌

Vietnam

Government

International

Bond

4.80%,

11/19/2024

1,400‌

1,554‌

Zambia

Government

International

Bond

0.00%,

09/20/2022

(e)

710‌

452‌

0.00%,

04/14/2024

(e)

300‌

195‌

$

242,376‌

Telecommunications

-

1

.71%

Altice

France

SA/France

7.38%,

05/01/2026

(f)

2,429‌

2,526‌

America

Movil

SAB

de

CV

3.63%,

04/22/2029

1,100‌

1,210‌

AT&T

Inc

3.50%,

09/15/2053

(f)

400‌

413‌

4.38%,

09/14/2029

GBP

500‌

837‌

7.00%,

04/30/2040

150‌

351‌

C&W

Senior

Financing

DAC

6.88%,

09/15/2027

(f)

$

3,550‌

3,763‌

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

56

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Telecommunications

(continued)

CommScope

Inc

6.00%,

03/01/2026

(f)

$

1,100‌

$

1,147‌

CommScope

Technologies

LLC

6.00%,

06/15/2025

(f)

6,968‌

7,073‌

Digicel

Group

Holdings

Ltd

8.00%,

PIK

2.00%;

04/01/2024

(m),(o)

1,055‌

1,031‌

Digicel

International

Finance

Ltd/Digicel

international

Holdings

Ltd

8.75%,

05/25/2024

(f)

450‌

468‌

8.75%,

05/25/2024

4,075‌

4,238‌

Digicel

Ltd

6.75%,

03/01/2023

(f)

450‌

425‌

Embarq

Corp

8.00%,

06/01/2036

755‌

846‌

GTT

Communications

Inc

7.88%,

12/31/2024

(f)

24,309‌

2,309‌

Kenbourne

Invest

SA

6.88%,

11/26/2024

(f)

800‌

847‌

Koninklijke

KPN

NV

5.75%,

09/17/2029

GBP

600‌

1,041‌

Liquid

Telecommunications

Financing

Plc

5.50%,

09/04/2026

(f)

$

2,125‌

2,193‌

MTN

Mauritius

Investments

Ltd

4.76%,

11/11/2024

1,200‌

1,268‌

Nokia

Oyj

2.00%,

03/15/2024

EUR

400‌

495‌

Oi

SA

10.00%,

07/27/2025

(m)

$

700‌

691‌

Sprint

Capital

Corp

8.75%,

03/15/2032

1,130‌

1,742‌

Sprint

Corp

7.88%,

09/15/2023

750‌

849‌

Switch

Ltd

3.75%,

09/15/2028

(f)

325‌

332‌

4.13%,

06/15/2029

(f)

1,150‌

1,185‌

Telecom

Italia

SpA/Milano

5.30%,

05/30/2024

(f)

1,815‌

1,968‌

Telefonica

Europe

BV

2.88%,

06/24/2027

(i),(k)

EUR

700‌

859‌

EUR

Swap

Annual

(VS

6

Month)

8

Year

+

3.07%

T-Mobile

USA

Inc

2.63%,

02/15/2029

$

1,500‌

1,500‌

3.00%,

02/15/2041

1,900‌

1,913‌

Turk

Telekomunikasyon

AS

4.88%,

06/19/2024

1,200‌

1,253‌

6.88%,

02/28/2025

(f)

600‌

663‌

Turkcell

Iletisim

Hizmetleri

AS

5.80%,

04/11/2028

1,500‌

1,611‌

Verizon

Communications

Inc

2.50%,

05/16/2030

CAD

1,000‌

810‌

4.86%,

08/21/2046

$

550‌

724‌

Viasat

Inc

5.63%,

09/15/2025

(f)

5,025‌

5,112‌

5.63%,

04/15/2027

(f)

3,850‌

3,999‌

6.50%,

07/15/2028

(f)

5,870‌

6,215‌

Vmed

O2

UK

Financing

I

PLC

4.25%,

01/31/2031

(f)

3,700‌

3,663‌

4.75%,

07/15/2031

(f)

1,550‌

1,583‌

Vodafone

Group

PLC

5.00%,

05/30/2038

825‌

1,055‌

Zayo

Group

Holdings

Inc

4.00%,

03/01/2027

(f)

4,450‌

4,427‌

6.13%,

03/01/2028

(f)

4,475‌

4,554‌

$

79,189‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Transportation

-

0.23%

BNSF

Funding

Trust

I

6.61%,

12/15/2055

(k)

$

3,510‌

$

3,984‌

3

Month

USD

LIBOR

+

2.35%

Empresa

de

Transporte

de

Pasajeros

Metro

SA

3.65%,

05/07/2030

(f)

600‌

657‌

FedEx

Corp

5.25%,

05/15/2050

550‌

769‌

Georgian

Railway

JSC

4.00%,

06/17/2028

(f)

2,575‌

2,601‌

Lima

Metro

Line

2

Finance

Ltd

4.35%,

04/05/2036

(f)

1,349‌

1,412‌

MV24

Capital

BV

6.75%,

06/01/2034

(f)

747‌

810‌

Simpar

Europe

SA

5.20%,

01/26/2031

(f)

530‌

540‌

$

10,773‌

Water

-

0.05%

American

Water

Capital

Corp

2.80%,

05/01/2030

800‌

867‌

Essential

Utilities

Inc

2.70%,

04/15/2030

1,250‌

1,323‌

$

2,190‌

TOTAL

BONDS

$

2,375,860‌

CONVERTIBLE

BONDS

-

0.01%

Principal

Amount

(000's)

Value

(000's)

Mining

-

0.01%

Mirabela

Nickel

Ltd

0.00%,

06/24/2019

(e),(f)

$

6,966‌

$

279‌

TOTAL

CONVERTIBLE

BONDS

$

279‌

CREDIT

LINKED

STRUCTURED

NOTES

-

0.10%

Principal

Amount

(000's)

Value

(000's)

Sovereign

-

0.10%

China

Government

Bond

-

JPMorgan

Chase

2.85%,

06/04/2027

(m)

CNY

30,000‌

$

4,657‌

TOTAL

CREDIT

LINKED

STRUCTURED

NOTES

$

4,657‌

SENIOR

FLOATING

RATE

INTERESTS

-

6.52%

Principal

Amount

(000's)

Value

(000's)

Airlines

-

0.05%

AAdvantage

Loyalty

IP

Ltd

5.50%,

03/10/2028

(p)

$

1,100‌

$

1,129‌

1

Month

USD

LIBOR

+

4.75%

Air

Canada

0.00%,

07/27/2028

(p),(q)

300‌

301‌

United

Airlines

Inc

4.50%,

04/14/2028

(p)

998‌

998‌

1

Month

USD

LIBOR

+

3.75%

$

2,428‌

Automobile

Parts

&

Equipment

-

0.54%

Dexko

Global

Inc

9.25%,

07/24/2025

(p)

21,140‌

21,140‌

3

Month

USD

LIBOR

+

8.25%

First

Brands

Group

LLC

6.00%,

03/24/2027

(p)

1,521‌

1,536‌

1

Month

USD

LIBOR

+

5.00%

9.50%,

03/24/2028

(p)

2,025‌

2,040‌

1

Month

USD

LIBOR

+

8.50%

$

24,716‌

Building

Materials

-

0.08%

Generation

Brands

0.00%,

06/29/2029

(p),(q)

2,560‌

2,579‌

0.00%,

06/29/2029

(p),(q)

975‌

983‌

Chemicals

-

0.17%

Aruba

Investments

Holdings

LLC

8.50%,

10/27/2028

(p)

6,210‌

6,220‌

1

Month

USD

LIBOR

+

7.75%

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

57

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Chemicals

(continued)

Cpc

Acquisition

Corp

8.50%,

01/12/2029

(p)

$

1,350‌

$

1,354‌

1

Month

USD

LIBOR

+

7.75%

$

7,574‌

Commercial

Services

-

0.91%

CoreCivic

Inc

5.50%,

12/12/2024

(p)

3,080‌

3,023‌

1

Month

USD

LIBOR

+

4.50%

KUEHG

Corp

9.25%,

08/22/2025

(p)

16,360‌

15,931‌

3

Month

USD

LIBOR

+

8.25%

Learning

Care

Group

US

No

2

Inc

8.50%,

03/13/2026

(p)

17,700‌

17,493‌

3

Month

USD

LIBOR

+

7.50%

Rent-A-Center

Inc/TX

4.75%,

01/17/2028

(p)

1,372‌

1,375‌

1

Month

USD

LIBOR

+

4.00%

Revint

Intermediate

II

LLC

5.75%,

10/15/2027

(p)

2,119‌

2,128‌

1

Month

USD

LIBOR

+

5.00%

RGL

Holdings

LLC

5.00%,

06/30/2028

(p)

2,250‌

2,244‌

3

Month

USD

LIBOR

+

4.25%

$

42,194‌

Distribution

&

Wholesale

-

0.06%

Infinite

Bidco

LLC

7.50%,

02/24/2029

(p)

2,690‌

2,704‌

1

Month

USD

LIBOR

+

7.00%

Electronics

-

0.23%

Deliver

Buyer

Inc

5.15%,

05/01/2024

(p)

10,632‌

10,646‌

3

Month

USD

LIBOR

+

5.00%

Engineering

&

Construction

-

0.35%

Brand

Industrial

Services

Inc

5.25%,

06/21/2024

(p)

9,891‌

9,694‌

3

Month

USD

LIBOR

+

4.25%

5.25%,

06/21/2024

(p)

4,523‌

4,433‌

3

Month

USD

LIBOR

+

4.25%

KKR

Apple

Bidco

LLC

0.00%,

07/13/2029

(p),(q)

1,750‌

1,774‌

0.00%,

07/13/2029

(p),(q)

400‌

406‌

$

16,307‌

Entertainment

-

0

.44%

18

Fremont

Street

Acquisition

LLC

9.50%,

08/09/2025

(p)

17,825‌

18,160‌

1

Month

USD

LIBOR

+

8.00%

NAI

Entertainment

Holdings

LLC

3.50%,

05/08/2025

(p)

2,278‌

2,228‌

3

Month

USD

LIBOR

+

2.50%

$

20,388‌

Healthcare

-

Services

-

0.26%

Cano

Health

LLC

5.50%,

11/19/2027

(p)

4,350‌

4,339‌

1

Month

USD

LIBOR

+

4.25%

National

Mentor

Holdings

Inc

8.25%,

02/16/2029

(p)

725‌

736‌

1

Month

USD

LIBOR

+

7.25%

Sound

Inpatient

Physicians

Holdings

LLC

6.85%,

06/26/2026

(p)

6,525‌

6,517‌

3

Month

USD

LIBOR

+

6.75%

UWH

PLLC

5.00%,

12/18/2027

(p)

450‌

449‌

1

Month

USD

LIBOR

+

4.25%

$

12,041‌

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Home

Builders

-

0.04%

Tecta

America

Corp

5.00%,

04/06/2028

(p)

$

900‌

$

899‌

3

Month

USD

LIBOR

+

4.25%

9.25%,

04/06/2029

(p)

900‌

895‌

3

Month

USD

LIBOR

+

8.50%

$

1,794‌

Insurance

-

0.51%

Asurion

LLC

0.00%,

01/15/2029

(p),(q)

8,130‌

8,081‌

1

Month

USD

LIBOR

+

5.25%

0.00%,

01/15/2029

(p),(q)

1,725‌

1,715‌

1

Month

USD

LIBOR

+

5.25%

3.34%,

12/18/2026

(p)

3,038‌

2,980‌

1

Month

USD

LIBOR

+

3.25%

3.34%,

07/29/2027

(p)

3,990‌

3,917‌

1

Month

USD

LIBOR

+

3.25%

5.35%,

01/29/2028

(p)

7,050‌

7,010‌

1

Month

USD

LIBOR

+

5.25%

$

23,703‌

Internet

-

1.06%

CNT

Holdings

I

Corp

7.50%,

12/16/2028

(p)

6,061‌

6,152‌

1

Month

USD

LIBOR

+

6.75%

MH

Sub

I

LLC

6.34%,

02/12/2029

(p)

7,320‌

7,414‌

1

Month

USD

LIBOR

+

6.25%

Ten-X

LLC

9.00%,

09/29/2025

(g),(p)

35,440‌

35,440‌

3

Month

USD

LIBOR

+

8.00%

$

49,006‌

Investment

Companies

-

0.54%

Masergy

Holdings

Inc

8.50%,

12/16/2024

(p)

13,674‌

13,614‌

3

Month

USD

LIBOR

+

7.50%

Zest

Acquisition

Corp

8.50%,

03/06/2026

(p)

11,260‌

11,232‌

3

Month

USD

LIBOR

+

7.50%

$

24,846‌

Lodging

-

0.04%

Caesars

Resort

Collection

LLC

4.60%,

07/20/2025

(p)

1,811‌

1,811‌

1

Month

USD

LIBOR

+

4.50%

Machinery

-

Diversified

-

0.49%

Engineered

Machinery

Holdings

Inc

8.25%,

07/25/2025

(p)

22,333‌

22,354‌

3

Month

USD

LIBOR

+

7.25%

Mining

-

0.14%

Arctic

Canadian

Diamond

Co

Ltd

5.00%,

PIK

12.50%,

12/31/2027

(g),(o),(p)

5,889‌

5,889‌

1

Month

USD

LIBOR

+

5.00%

6.00%,

12/31/2024

(g),(p)

471‌

471‌

1

Month

USD

LIBOR

+

5.00%

$

6,360‌

Miscellaneous

Manufacturers

-

0.01%

Utex

Industries

5.25%,

PIK

5.75%,

11/03/2025

(o),(p)

652‌

626‌

1

Month

USD

LIBOR

+

9.50%

Software

-

0.46%

Applied

Systems

Inc

6.25%,

09/19/2025

(p)

3,957‌

3,996‌

1

Month

USD

LIBOR

+

5.50%

Genesys

Cloud

Services

Holdings

II

LLC

4.76%,

10/08/2027

(p)

3,359‌

3,361‌

1

Month

USD

LIBOR

+

4.00%

Informatica

LLC

7.13%,

02/14/2025

(p)

4,950‌

5,047‌

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

58

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Software

(continued)

Skopima

Merger

Sub

Inc

7.75%,

04/30/2029

(p)

$

4,760‌

$

4,760‌

1

Month

USD

LIBOR

+

7.50%

Software

Luxembourg

Acquisition

Sarl

8.50%,

04/27/2025

(p)

192‌

193‌

1

Month

USD

LIBOR

+

7.50%

Sophia

LP

4.50%,

10/07/2027

(p)

1,415‌

1,413‌

1

Month

USD

LIBOR

+

3.75%

Sovos

Compliance

LLC

0.00%,

07/29/2028

(p),(q)

600‌

600‌

UKG

Inc

7.50%,

05/03/2027

(p)

1,950‌

1,978‌

1

Month

USD

LIBOR

+

6.75%

$

21,348‌

Telecommunications

-

0.08%

GTT

Communications

BV

2.50%,

PIK

6.00%,

12/31/2021

(o),(p)

1,387‌

1,398‌

1

Month

USD

LIBOR

+

5.00%

8.48%,

12/28/2021

(p)

2,420‌

2,440‌

1

Month

USD

LIBOR

+

5.00%

$

3,838‌

Transportation

-

0.06%

ASP

LS

Acquisition

Corp

8.25%,

04/30/2029

(p)

2,800‌

2,793‌

1

Month

USD

LIBOR

+

7.50%

TOTAL

SENIOR

FLOATING

RATE

INTERESTS

$

301,039‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

-

0.24%

Principal

Amount

(000's)

Value

(000's)

U.S.

Treasury

-

0.24%

0.13%,

06/30/2023

$

2,000‌

$

1,999‌

0.25%,

06/15/2024

4,000‌

3,991‌

0.75%,

03/31/2026

2,000‌

2,009‌

1.25%,

05/31/2028

2,200‌

2,239‌

1.63%,

05/15/2031

850‌

881‌

$

11,119‌

TOTAL

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

$

11,119‌

Total

Investments

$

4,644,091‌

Other

Assets

and

Liabilities

-  (0.54)%

(25,033‌)

TOTAL

NET

ASSETS

-

100.00%

$

4,619,058‌

(a)

Security

or

a

portion

of

the

security

was

on

loan.  At

the

end

of

the

period,

the

value

of

these

securities

totaled

$38,280

or

0.83%

of

net

assets.

(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

$39,743

or

0.86%

of

net

assets.

(d)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(e)

Non-income

producing

security

(f)

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$1,229,585

or

26.62%

of

net

assets.

(g)

The

value

of

these

investments

was

determined

using

significant

unobservable

inputs,

in

good

faith

by

the

Manager,

under

procedures

established

and

periodically

reviewed

by

the

Board

of

Directors.

(h)

Restricted

Security.

Please

see

Restricted

Securities

sub-schedule

for

additional

information.

(i)

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.

(j)

Security

purchased

on

a

when-issued

basis.

(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)

Security

is

a

contingent

convertible

security,

("CoCo").

CoCo's

are

hybrid

debt

securities

that

may

convert

to

equity

or

have

their

principal

written

down

upon

occurrence

of

certain

"triggers".

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$75,335

or

1.63%

of

net

assets.

(m)

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.

(n)

Security

is

an

Interest

Only

Strip.

(o)

Payment

in

kind;

the

issuer

has

the

option

of

paying

additional

securities

in

lieu

of

cash.

(p)

Rate

information

disclosed

is

based

on

an

average

weighted

rate

of

the

underlying

tranches

as

of

period

end.

(q)

This

Senior

Floating

Rate

Note

will

settle

after

July

31,

2021,

at

which

time

the

interest

rate

will

be

determined.

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

59

Portfolio

Summary 

 (unaudited)

Location

Percent

United

States

65.53‌%

Canada

3.61‌%

United

Kingdom

3.33‌%

Japan

3.25‌%

France

1.90‌%

Netherlands

1.58‌%

Germany

1.42‌%

Switzerland

1.25‌%

Mexico

1.19‌%

Australia

1.11‌%

Cayman

Islands

0.88‌%

Spain

0

.82‌%

Hong

Kong

0.71‌%

Supranational

0.69‌%

Italy

0.65‌%

Korea,

Republic

Of

0.51‌%

Sweden

0.51‌%

Ireland

0.51‌%

Brazil

0.51‌%

Colombia

0.48‌%

India

0.43‌%

Virgin

Islands,

British

0.42‌%

Israel

0.35‌%

Russian

Federation

0.35‌%

Turkey

0.34‌%

Luxembourg

0.34‌%

Jersey,

Channel

Islands

0.34‌%

Singapore

0.32‌%

South

Africa

0.31‌%

China

0.30‌%

Finland

0.30‌%

Indonesia

0.29‌%

Denmark

0.29‌%

Ukraine

0.28‌%

Bermuda

0.26‌%

Egypt

0.25‌%

Romania

0.24‌%

Belgium

0.23‌%

Argentina

0.22‌%

Taiwan

0.21‌%

Malaysia

0.20‌%

Oman

0.19‌%

Saudi

Arabia

0.19‌%

Austria

0.19‌%

United

Arab

Emirates

0.17‌%

Portugal

0.15‌%

Dominican

Republic

0.15‌%

Venezuela

0.14‌%

Angola

0.14‌%

Ghana

0.12‌%

Isle

of

Man

0.12‌%

Cote

d'Ivoire

0.12‌%

Peru

0.11‌%

Gabon

0.11‌%

Kenya

0.11‌%

Chile

0.11‌%

Norway

0.11‌%

Qatar

0.10‌%

Senegal

0.09‌%

Nigeria

0.09‌%

Philippines

0.09‌%

Azerbaijan

0.08‌%

Puerto

Rico

0.07‌%

Poland

0.07‌%

Mauritius

0.07‌%

Pakistan

0

.07‌%

Thailand

0.07‌%

Georgia

0.06‌%

Montenegro

0.05‌%

Cameroon

0.05‌%

Portfolio

Summary  (unaudited)

(continued)

Location

Percent

Cyprus

0.05‌%

Togo

0.05‌%

Panama

0.05‌%

Benin

0.04‌%

Jordan

0.04‌%

Morocco

0.04‌%

Trinidad

And

Tobago

0.04‌%

Malta

0.04‌%

Bolivia

0.04‌%

Honduras

0.04‌%

El

Salvador

0.03‌%

Vietnam

0.03‌%

Belarus

0.03‌%

Guatemala

0.02‌%

Costa

Rica

0.02‌%

Ecuador

0.02‌%

Hungary

0.02‌%

Tunisia

0.01‌%

New

Zealand

0.01‌%

Zambia

0.01‌%

Sri

Lanka

0.01‌%

Other

Assets

and

Liabilities

(0.54‌)%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

60

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

140,535‌

$

3,288,053‌

$

3,335,892‌

$

92,696‌

$

140,535‌

$

3,288,053‌

$

3,335,892‌

$

92,696‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Restricted

Securities

Security

Name

Acquisition

Date

Cost

Value

Percent

of

Net

Assets

High

Ridge

Brands

-

Escrow  

0.00%,

03/15/2025

03/17/2017-01/24/2018

$

15,032‌

$

195‌

0.00%

Material

Sciences

Corp  

8.00%,

01/09/2024

12/22/2016-06/30/2020

18,890‌

18,397‌

0.40%

Real

Alloy

Holding

Inc  

11.00%,

11/30/2023

05/31/2018-06/30/2020

19,795‌

19,795‌

0.43%

Specialty

Steel

11%

Flt  

11.00%,

11/15/2026

06/04/2021

41,564‌

41,564‌

0.90%

SportsNet

New

York  

10.25%,

01/15/2025

12/27/2017

19,789‌

20,267‌

0.44%

Utex

Industries

-

Warrants

12/03/2020

—‌

—‌

0.00%

Total

$

100,218‌

2.17%

Amounts

in

thousands.

Futures

Contracts

Description

and

Expiration

Date

Type

Contracts

Notional

Amount

Value

and

Unrealized

Appreciation/(Depreciation)

Euro

Bond

10

Year

Bond;

September

2021

Short

25‌

$

5,236‌

$

(146‌)

US

10

Year

Note;

September

2021

Short

108‌

14,521‌

(272‌)

Total

$

(418‌)

Amounts

in

thousands

except

contracts.

Foreign

Currency

Contracts

Unrealized

Appreciation/(Depreciation)

Counterparty

Settlement

Date

Currency

to

Accept

Currency

to

Deliver

Asset

Liability

Barclays

Bank

PLC

08/31/2021

CZK

37,302‌

$

1,716‌

$

19‌

$

—‌

Barclays

Bank

PLC

08/31/2021

HUF

244,222‌

$

799‌

9‌

—‌

Barclays

Bank

PLC

08/31/2021

PLN

14,704‌

$

3,780‌

40‌

—‌

Citigroup

Inc

08/27/2021

$

3,340‌

ZAR

48,800‌

17‌

—‌

Citigroup

Inc

08/27/2021

$

3,327‌

COP

13,000,000‌

—‌

(25‌)

HSBC

Securities

Inc

08/03/2021

BRL

7,252‌

$

1,398‌

—‌

(6‌)

HSBC

Securities

Inc

08/27/2021

$

2,223‌

RUB

166,500‌

—‌

(48‌)

HSBC

Securities

Inc

08/31/2021

CZK

19,862‌

$

927‌

—‌

(2‌)

HSBC

Securities

Inc

08/31/2021

HUF

284,186‌

$

929‌

11‌

—‌

JPMorgan

Chase

08/26/2021

EUR

2,321‌

$

2,754‌

4‌

(2‌)

JPMorgan

Chase

08/26/2021

$

28,938‌

EUR

24,561‌

—‌

(207‌)

JPMorgan

Chase

08/27/2021

$

3,305‌

MXN

66,900‌

—‌

(46‌)

JPMorgan

Chase

08/27/2021

$

4,502‌

CNY

29,300‌

—‌

(22‌)

JPMorgan

Chase

08/27/2021

$

1,089‌

COP

4,200,000‌

6‌

—‌

JPMorgan

Chase

08/31/2021

ZAR

14,503‌

$

976‌

11‌

—‌

Morgan

Stanley

&

Co

08/03/2021

BRL

12,645‌

$

2,481‌

6‌

(61‌)

Morgan

Stanley

&

Co

08/03/2021

$

1,916‌

BRL

9,932‌

9‌

—‌

Morgan

Stanley

&

Co

08/23/2021

$

882‌

RUB

65,874‌

—‌

(17‌)

Morgan

Stanley

&

Co

08/31/2021

MXN

3,670‌

$

183‌

1‌

—‌

Morgan

Stanley

&

Co

08/31/2021

$

3,588‌

EUR

3,038‌

—‌

(18‌)

Morgan

Stanley

&

Co

09/02/2021

BRL

7,103‌

$

1,402‌

—‌

(44‌)

Morgan

Stanley

&

Co

09/02/2021

$

927‌

COP

3,557,114‌

9‌

—‌

Total

$

142‌

$

(498‌)

Amounts

in

thousands.

Schedule

of

Investments

Global

Diversified

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

61

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

JPMorgan

Chase

Egypt

Treasury

Bills,

0.00%,

10/27/2021

120,000,000

Receive

3

Month

USD

LIBOR

+

0.70%

Quarterly

10/27/2021

$

7,299‌

$

—‌

$

108‌

$

—‌

Total

$

—‌

$

108‌

$

—‌

Amounts

in

thousands

except

contracts.

Schedule

of

Investments

Global

Real

Estate

Securities

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

62

INVESTMENT

COMPANIES

-

1

.39

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

1

.39

%

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c)

56,609,183‌

$

56,609‌

TOTAL

INVESTMENT

COMPANIES

$

56,609‌

COMMON

STOCKS

-

98

.94

%

Shares

Held

Value

(000's)

Engineering

&

Construction

-

0

.94

%

Cellnex

Telecom

SA

(d)

195,696‌

$

12,763‌

Lendlease

Corp

Ltd

2,850,090‌

25,582‌

$

38,345‌

Entertainment

-

0

.64

%

Marriott

Vacations

Worldwide

Corp

(b)

177,566‌

26,168‌

Home

Builders

-

0

.89

%

DR

Horton

Inc

282,929‌

27,000‌

Persimmon

PLC

225,544‌

9,098‌

$

36,098‌

Internet

-

0

.29

%

21Vianet

Group

Inc

ADR

(b)

669,372‌

11,600‌

Lodging

-

0

.79

%

Choice

Hotels

International

Inc

79,805‌

9,568‌

City

Developments

Ltd

1,027,800‌

5,185‌

Travel

+

Leisure

Co

339,627‌

17,593‌

$

32,346‌

Real

Estate

-

15

.66

%

Aroundtown

SA

4,674,704‌

36,589‌

CapitaLand

Ltd

5,757,700‌

17,106‌

Castellum

AB

964,277‌

27,007‌

Country

Garden

Services

Holdings

Co

Ltd

2,095,000‌

17,011‌

ESR

Cayman

Ltd

(b),(d)

3,563,600‌

12,525‌

Fabege

AB

1,819,015‌

31,500‌

Hang

Lung

Properties

Ltd

7,020,000‌

18,171‌

LEG

Immobilien

SE

155,178‌

24,526‌

Mitsubishi

Estate

Co

Ltd

5,147,900‌

80,755‌

Mitsui

Fudosan

Co

Ltd

3,262,393‌

76,298‌

New

World

Development

Co

Ltd

12,487,250‌

59,199‌

Sun

Hung

Kai

Properties

Ltd

4,949,000‌

70,797‌

Sunac

Services

Holdings

Ltd

(d)

11,048,926‌

29,972‌

Vonovia

SE

1,745,110‌

116,188‌

Wihlborgs

Fastigheter

AB

853,076‌

19,876‌

$

637,520‌

REITs

-

78

.22

%

Agree

Realty

Corp

587,740‌

44,169‌

Alexandria

Real

Estate

Equities

Inc

457,321‌

92,077‌

Allied

Properties

Real

Estate

Investment

Trust

1,738,369‌

63,691‌

American

Homes

4

Rent

2,234,215‌

93,837‌

American

Tower

Corp

262,017‌

74,098‌

Apartment

Income

REIT

Corp

984,920‌

51,846‌

AvalonBay

Communities

Inc

557,580‌

127,033‌

Big

Yellow

Group

PLC

944,435‌

19,036‌

Brandywine

Realty

Trust

601,186‌

8,393‌

Broadstone

Net

Lease

Inc

1,517,808‌

39,493‌

Canadian

Apartment

Properties

REIT

928,906‌

46,423‌

CapitaLand

Integrated

Commercial

Trust

23,766,844‌

37,660‌

Charter

Hall

Group

1,372,286‌

16,399‌

CoreSite

Realty

Corp

236,635‌

32,705‌

Cousins

Properties

Inc

1,051,103‌

41,750‌

CubeSmart

1,251,200‌

62,135‌

CyrusOne

Inc

213,708‌

15,231‌

Daiwa

House

REIT

Investment

Corp

9,613‌

28,621‌

Daiwa

Office

Investment

Corp

5,630‌

40,621‌

Derwent

London

PLC

299,981‌

15,126‌

Dexus/AU

8,474,898‌

64,020‌

Equinix

Inc

108,638‌

89,128‌

Equity

LifeStyle

Properties

Inc

542,095‌

45,428‌

Essex

Property

Trust

Inc

341,348‌

111,996‌

Extra

Space

Storage

Inc

549,068‌

95,615‌

Federal

Realty

Investment

Trust

87,217‌

10,251‌

First

Industrial

Realty

Trust

Inc

1,057,636‌

57,937‌

Gecina

SA

282,434‌

44,792‌

Goodman

Group

3,005,566‌

49,989‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

REITs

(continued)

Great

Portland

Estates

PLC

1,858,102‌

$

19,665‌

Healthcare

Realty

Trust

Inc

757,945‌

24,163‌

Healthcare

Trust

of

America

Inc

2,003,928‌

57,292‌

Industrial

&

Infrastructure

Fund

Investment

Corp

21,685‌

42,032‌

Inmobiliaria

Colonial

Socimi

SA

3,587,125‌

38,266‌

InterRent

Real

Estate

Investment

Trust

1,322,280‌

19,056‌

Invitation

Homes

Inc

3,437,956‌

139,856‌

Japan

Metropolitan

Fund

Invest

30,434‌

31,881‌

Kilroy

Realty

Corp

729,243‌

50,515‌

Klepierre

SA

1,322,832‌

32,028‌

Link

REIT

3,480,000‌

33,256‌

Mapletree

Industrial

Trust

10,735,900‌

23,771‌

Merlin

Properties

Socimi

SA

2,974,114‌

33,358‌

MGM

Growth

Properties

LLC

455,776‌

17,228‌

Mori

Hills

REIT

Investment

Corp

11,768‌

17,309‌

Nippon

Accommodations

Fund

Inc

840‌

5,141‌

Nomura

Real

Estate

Master

Fund

Inc

17,388‌

27,629‌

Park

Hotels

&

Resorts

Inc

(b)

817,341‌

15,121‌

Prologis

Inc

1,194,045‌

152,885‌

Prologis

Property

Mexico

SA

de

CV

4,438,982‌

9,760‌

Regency

Centers

Corp

755,919‌

49,445‌

Rexford

Industrial

Realty

Inc

1,413,252‌

86,943‌

Sabra

Health

Care

REIT

Inc

1,258,452‌

23,395‌

Saul

Centers

Inc

260,753‌

11,890‌

Segro

PLC

7,334,806‌

123,990‌

Sekisui

House

Reit

Inc

29,071‌

25,610‌

Simon

Property

Group

Inc

118,093‌

14,941‌

STORE

Capital

Corp

1,499,376‌

54,262‌

Summit

Industrial

Income

REIT

2,837,702‌

43,148‌

Sun

Communities

Inc

518,610‌

101,705‌

Sunstone

Hotel

Investors

Inc

(b)

1,670,544‌

19,278‌

Terreno

Realty

Corp

321,874‌

22,003‌

UNITE

Group

PLC/The

2,438,944‌

39,255‌

Ventas

Inc

1,476,793‌

88,283‌

VICI

Properties

Inc

1,571,288‌

49,008‌

Welltower

Inc

1,192,040‌

103,541‌

Weyerhaeuser

Co

525,016‌

17,709‌

$

3,184,118‌

Storage

&

Warehousing

-

0

.89

%

Safestore

Holdings

PLC

2,473,492‌

36,294‌

Telecommunications

-

0

.62

%

NEXTDC

Ltd

(b)

2,674,582‌

25,141‌

TOTAL

COMMON

STOCKS

$

4,027,630‌

Total

Investments

$

4,084,239‌

Other

Assets

and

Liabilities

-  (0.33)%

(

13,480‌

)

TOTAL

NET

ASSETS

-

100.00%

$

4,070,759‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

(c)

Current

yield

shown

is

as

of

period

end.

(d)

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$55,260

or

1.36%

of

net

assets.

Schedule

of

Investments

Global

Real

Estate

Securities

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

63

Portfolio

Summary  (unaudited)

Location

Percent

United

States

57

.21‌

%

Japan

9

.24‌

%

United

Kingdom

6

.45‌

%

Hong

Kong

4

.77‌

%

Australia

4

.45‌

%

Canada

4

.23‌

%

Germany

3

.45‌

%

Spain

2

.07‌

%

Singapore

2

.06‌

%

Sweden

1

.92‌

%

France

1

.89‌

%

China

1

.45‌

%

Luxembourg

0

.90‌

%

Mexico

0

.24‌

%

Other

Assets

and

Liabilities

(

0

.33‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

23,379‌

$

699,646‌

$

666,416‌

$

56,609‌

$

23,379‌

$

699,646‌

$

666,416‌

$

56,609‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

Government

&

High

Quality

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

64

INVESTMENT

COMPANIES

-

9

.38

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

9

.38

%

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c)

110,431,107‌

$

110,431‌

TOTAL

INVESTMENT

COMPANIES

$

110,431‌

BONDS

-

18

.31

%

Principal

Amount

(000's)

Value

(000's)

Automobile

Asset

Backed

Securities

-

6

.76

%

AmeriCredit

Automobile

Receivables

Trust

2020-3

0.42%,

03/18/2024

$

5,418‌

$

5,423‌

AmeriCredit

Automobile

Receivables

Trust

2021-1

0.28%,

06/18/2024

9,603‌

9,607‌

BMW

Vehicle

Lease

Trust

2021-1

0.20%,

03/27/2023

6,575‌

6,577‌

Carmax

Auto

Owner

Trust

2021-1

0.22%,

02/15/2024

7,430‌

7,433‌

Ford

Credit

Auto

Owner

Trust

2020-C

0.25%,

09/15/2023

7,093‌

7,097‌

Hyundai

Auto

Lease

Securitization

Trust

2021-A

0.25%,

04/17/2023

(d)

4,999‌

5,000‌

Santander

Consumer

Auto

Receivables

Trust

2021-A

0.23%,

11/15/2023

(d)

4,888‌

4,889‌

Santander

Drive

Auto

Receivables

Trust

2020-4

0.42%,

09/15/2023

4,036‌

4,038‌

Santander

Drive

Auto

Receivables

Trust

2021-1

0.29%,

11/15/2023

10,037‌

10,041‌

Santander

Retail

Auto

Lease

Trust

2017-A

0.53%,

01/22/2024

(d)

9,385‌

9,386‌

Santander

Retail

Auto

Lease

Trust

2020-B

0.42%,

11/20/2023

(d)

10,110‌

10,128‌

$

79,619‌

Commercial

Mortgage

Backed

Securities

-

2

.29

%

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

2.37%,

05/25/2022

7,650‌

7,750‌

Ginnie

Mae

0.13%,

10/16/2054

(e),(f)

17,871‌

89‌

0.27%,

06/16/2052

(e),(f)

16,665‌

71‌

0.40%,

10/16/2053

(e),(f)

7,994‌

176‌

0.41%,

10/16/2054

(e),(f)

32,005‌

546‌

0.44%,

01/16/2056

(e),(f)

6,789‌

177‌

0.53%,

08/16/2051

(e),(f)

39,862‌

857‌

0.54%,

04/16/2047

(e),(f)

49,056‌

922‌

0.55%,

11/16/2052

(e),(f)

26,536‌

505‌

0.56%,

03/16/2060

(e),(f)

13,644‌

684‌

0.56%,

07/16/2060

(e),(f)

9,963‌

567‌

0.57%,

06/16/2057

(e),(f)

6,843‌

230‌

0.58%,

12/16/2053

(e),(f)

13,058‌

280‌

0.61%,

09/16/2053

(e),(f)

22,083‌

414‌

0.66%,

02/16/2053

(e),(f)

21,988‌

511‌

2.60%,

05/16/2059

2,514‌

2,618‌

2.60%,

03/16/2060

4,499‌

4,685‌

GS

Mortgage

Securities

Trust

2013-GC13

4.08%,

07/10/2046

(d),(f)

5,000‌

3,209‌

Wells

Fargo

Commercial

Mortgage

Trust

2015-C31

4.60%,

11/15/2048

(f)

2,500‌

2,644‌

$

26,935‌

Credit

Card

Asset

Backed

Securities

-

1

.08

%

Barclays

Dryrock

Issuance

Trust

0.42%,

07/15/2024

12,745‌

12,750‌

1.00

x

1

Month

USD

LIBOR

+

0.33%

Mortgage

Backed

Securities

-

7

.60

%

Citigroup

Mortgage

Loan

Trust

2015-PS1

5.25%,

09/25/2042

(d),(f)

5,766‌

6,091‌

CSMC

Trust

2015-1

3.95%,

01/25/2045

(d),(f)

4,422‌

4,520‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Mortgage

Backed

Securities

(continued)

Fannie

Mae

Interest

Strip

3.50%,

12/25/2043

(e),(f)

$

2,559‌

$

312‌

7.00%,

04/25/2024

(e)

10‌

1‌

Fannie

Mae

REMICS

0.70%,

04/25/2027

4‌

4‌

1.00

x

1

Month

USD

LIBOR

+

0.60%

1.67%,

06/25/2045

(e)

9,147‌

505‌

1.00

x

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

1

Year

+

0.00%

2.50%,

02/25/2028

(e)

6,036‌

316‌

3.00%,

07/25/2032

(e)

6,622‌

590‌

3.00%,

10/25/2040

(e)

5,867‌

182‌

3.00%,

04/25/2042

2,063‌

2,100‌

3.00%,

05/25/2048

1,207‌

1,268‌

3.00%,

01/25/2051

(e)

17,237‌

2,250‌

3.50%,

02/25/2036

(e)

4,400‌

483‌

3.50%,

01/25/2040

(e)

2,367‌

71‌

3.50%,

02/25/2043

(e)

6,436‌

411‌

3.50%,

02/25/2043

403‌

421‌

3.50%,

07/25/2043

(e)

7,060‌

531‌

3.50%,

08/25/2045

2,931‌

3,044‌

4.00%,

12/25/2039

(e)

869‌

12‌

4.50%,

04/25/2045

(e)

12,293‌

2,097‌

7.00%,

04/25/2032

508‌

598‌

Freddie

Mac

REMICS

3.00%,

11/15/2030

(e)

815‌

10‌

3.00%,

10/15/2041

602‌

611‌

3.00%,

04/15/2046

1,430‌

1,548‌

3.50%,

03/15/2029

2,377‌

2,383‌

3.50%,

04/15/2040

(e)

611‌

19‌

4.00%,

11/15/2042

(e)

3,549‌

371‌

4.00%,

11/15/2045

553‌

597‌

6.50%,

08/15/2027

52‌

56‌

Ginnie

Mae

2.00%,

12/20/2050

(e)

29,964‌

3,411‌

2.50%,

10/20/2050

(e)

19,930‌

2,417‌

2.50%,

12/20/2050

(e)

13,511‌

1,848‌

2.50%,

01/20/2051

(e)

29,406‌

3,809‌

3.00%,

07/20/2050

(e)

11,622‌

1,347‌

3.00%,

08/20/2050

(e)

20,845‌

2,302‌

3.00%,

09/20/2050

(e)

24,368‌

2,984‌

3.00%,

09/20/2050

(e)

20,733‌

2,414‌

3.00%,

10/20/2050

(e)

14,732‌

1,578‌

3.00%,

11/20/2050

(e)

29,190‌

3,571‌

3.00%,

11/20/2050

(e)

18,513‌

2,180‌

3.00%,

12/20/2050

(e)

11,186‌

1,276‌

3.00%,

01/20/2051

(e)

21,864‌

2,600‌

3.50%,

08/20/2039

(e)

7,346‌

221‌

3.50%,

01/20/2043

(e)

9,825‌

1,776‌

3.50%,

10/20/2044

(e)

12,573‌

1,191‌

3.50%,

10/20/2049

(e)

18,700‌

2,299‌

4.00%,

11/16/2038

100‌

102‌

4.00%,

04/20/2044

(e)

3,158‌

246‌

4.00%,

01/20/2046

(e)

4,373‌

314‌

5.00%,

11/20/2039

1,683‌

1,926‌

6.02%,

06/20/2046

(e)

3,232‌

670‌

(1.00)

x

1

Month

USD

LIBOR

+

6.10%

JP

Morgan

Mortgage

Trust

2016-4

3.50%,

10/25/2046

(d),(f)

1,303‌

1,329‌

JP

Morgan

Mortgage

Trust

2019-9

3.50%,

05/25/2050

(d),(f)

1,391‌

1,394‌

New

Residential

Mortgage

Loan

Trust

2015-2

5.48%,

08/25/2055

(d),(f)

4,848‌

5,217‌

NRP

Mortgage

Trust

2013-1

3.29%,

07/25/2043

(d),(f)

3,827‌

3,879‌

Schedule

of

Investments

Government

&

High

Quality

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

65

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Mortgage

Backed

Securities

(continued)

Sequoia

Mortgage

Trust

2013-2

3.65%,

02/25/2043

(f)

$

3,084‌

$

3,138‌

Sequoia

Mortgage

Trust

2017-3

3.76%,

04/25/2047

(d),(f)

2,231‌

2,283‌

Sequoia

Mortgage

Trust

2017-5

3.50%,

08/25/2047

(d),(f)

389‌

396‌

$

89,520‌

Other

Asset

Backed

Securities

-

0

.58

%

Towd

Point

Mortgage

Trust

4.25%,

10/25/2053

(d),(f)

5,000‌

5,239‌

Verizon

Owner

Trust

2018-A

3.23%,

04/20/2023

1,563‌

1,573‌

$

6,812‌

TOTAL

BONDS

$

215,636‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

-

101

.54

%

Principal

Amount

(000's)

Value

(000's)

Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

-

7

.64

%

2.48%,

10/01/2032

$

1‌

$

1‌

1.00

x

12

Month

USD

LIBOR

+

1.98%

2.50%,

08/01/2027

605‌

637‌

2.50%,

02/01/2028

1,865‌

1,967‌

3.00%,

02/01/2027

1,580‌

1,674‌

3.00%,

02/01/2032

4,519‌

4,821‌

3.00%,

01/01/2033

3,159‌

3,371‌

3.00%,

04/01/2035

1,223‌

1,308‌

3.00%,

03/01/2037

2,798‌

2,952‌

3.00%,

10/01/2042

4,242‌

4,564‌

3.00%,

05/01/2043

1,541‌

1,666‌

3.00%,

07/01/2045

4,246‌

4,577‌

3.00%,

10/01/2046

5,834‌

6,364‌

3.50%,

11/01/2026

841‌

899‌

3.50%,

02/01/2032

2,026‌

2,175‌

3.50%,

04/01/2032

1,899‌

2,039‌

3.50%,

12/01/2041

1,610‌

1,774‌

3.50%,

04/01/2042

3,548‌

3,860‌

3.50%,

07/01/2042

4,918‌

5,360‌

3.50%,

08/01/2043

3,314‌

3,647‌

3.50%,

02/01/2044

3,604‌

3,916‌

3.50%,

11/01/2046

3,178‌

3,456‌

4.00%,

12/01/2041

2,801‌

3,147‌

4.00%,

07/01/2042

2,178‌

2,447‌

4.00%,

09/15/2042

1,009‌

1,126‌

4.00%,

10/01/2045

5,019‌

5,593‌

4.50%,

04/01/2041

2,969‌

3,359‌

4.50%,

11/01/2043

2,487‌

2,811‌

5.00%,

10/01/2025

20‌

22‌

5.00%,

12/01/2032

12‌

13‌

5.00%,

02/01/2033

232‌

262‌

5.00%,

01/01/2034

2,303‌

2,622‌

5.00%,

05/01/2034

36‌

39‌

5.00%,

07/01/2035

20‌

23‌

5.00%,

07/01/2035

1‌

1‌

5.00%,

10/01/2035

4‌

5‌

5.00%,

11/01/2035

194‌

221‌

5.00%,

07/01/2044

1,669‌

1,894‌

5.00%,

03/01/2048

3,195‌

3,657‌

5.50%,

05/01/2033

4‌

4‌

5.50%,

10/01/2033

8‌

9‌

5.50%,

12/01/2033

174‌

201‌

5.50%,

07/01/2037

10‌

12‌

5.50%,

04/01/2038

3‌

3‌

5.50%,

05/01/2038

15‌

17‌

6.00%,

06/01/2028

3‌

4‌

6.00%,

05/01/2031

49‌

58‌

6.00%,

10/01/2031

1‌

2‌

6.00%,

02/01/2032

10‌

11‌

6.00%,

11/01/2033

212‌

239‌

6.00%,

09/01/2034

38‌

45‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

(continued)

6.00%,

02/01/2035

$

21‌

$

24‌

6.00%,

10/01/2036

24‌

29‌

6.00%,

03/01/2037

56‌

64‌

6.00%,

05/01/2037

78‌

93‌

6.00%,

01/01/2038

9‌

11‌

6.00%,

03/01/2038

25‌

28‌

6.00%,

04/01/2038

36‌

40‌

6.00%,

07/01/2038

103‌

118‌

6.00%,

10/01/2038

63‌

75‌

6.50%,

12/01/2021

4‌

4‌

6.50%,

04/01/2022

8‌

9‌

6.50%,

08/01/2022

4‌

4‌

6.50%,

05/01/2023

15‌

15‌

6.50%,

07/01/2023

1‌

1‌

6.50%,

07/01/2025

1‌

1‌

6.50%,

10/01/2025

1‌

1‌

6.50%,

03/01/2029

19‌

21‌

6.50%,

04/01/2031

58‌

65‌

6.50%,

10/01/2031

32‌

36‌

6.50%,

02/01/2032

4‌

5‌

6.50%,

04/01/2032

4‌

4‌

6.50%,

04/01/2035

3‌

4‌

6.50%,

02/01/2037

5‌

6‌

7.00%,

07/01/2024

1‌

1‌

7.00%,

01/01/2028

117‌

126‌

7.00%,

06/01/2029

44‌

51‌

7.00%,

04/01/2031

28‌

31‌

7.00%,

10/01/2031

58‌

66‌

7.00%,

04/01/2032

76‌

89‌

7.50%,

12/01/2030

3‌

3‌

7.50%,

02/01/2031

1‌

1‌

7.50%,

02/01/2031

7‌

7‌

8.50%,

07/01/2029

60‌

64‌

$

89,972‌

Federal

National

Mortgage

Association

(FNMA)

-

0

.51

%

2.12%,

12/01/2033

29‌

29‌

1.00

x

12

Month

USD

LIBOR

+

1.69%

3.00%,

04/01/2043

4,393‌

4,736‌

5.50%,

05/01/2033

64‌

67‌

6.00%,

01/01/2032

81‌

87‌

6.00%,

04/01/2033

135‌

146‌

6.00%,

09/01/2034

244‌

269‌

6.50%,

06/01/2031

36‌

42‌

6.50%,

11/01/2032

243‌

267‌

6.50%,

11/01/2032

80‌

88‌

7.00%,

08/01/2028

29‌

33‌

7.00%,

12/01/2028

33‌

37‌

7.00%,

07/01/2029

34‌

38‌

7.00%,

07/01/2032

44‌

45‌

7.50%,

12/01/2024

34‌

35‌

7.50%,

02/01/2030

39‌

40‌

$

5,959‌

Federal

National

Mortgage

Association

(FNMA)/Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

Uniform

Mortgage-Backed

Security

-

59

.67

%

2.00%,

08/01/2028

1,298‌

1,351‌

2.00%,

07/01/2030

3,365‌

3,505‌

2.00%,

11/01/2035

8,646‌

9,013‌

2.00%,

11/01/2035

12,185‌

12,681‌

2.00%,

08/01/2036

(g)

48,000‌

49,813‌

2.00%,

10/01/2050

6,721‌

6,884‌

2.00%,

03/01/2051

15,539‌

15,984‌

2.00%,

05/01/2051

19,177‌

19,631‌

2.00%,

07/01/2051

17,500‌

17,858‌

2.00%,

09/01/2051

(g)

28,000‌

28,498‌

2.50%,

06/01/2027

2,169‌

2,286‌

2.50%,

05/01/2028

1,079‌

1,140‌

2.50%,

08/01/2028

1,460‌

1,542‌

2.50%,

03/01/2030

3,644‌

3,850‌

Schedule

of

Investments

Government

&

High

Quality

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

66

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%,

07/01/2030

$

4,735‌

$

4,994‌

2.50%,

12/01/2031

4,965‌

5,250‌

2.50%,

08/01/2035

10,649‌

11,278‌

2.50%,

10/01/2035

10,435‌

10,982‌

2.50%,

04/01/2050

9,473‌

9,875‌

2.50%,

06/01/2050

10,664‌

11,151‌

2.50%,

08/01/2050

22,310‌

23,434‌

2.50%,

09/01/2051

(g)

125,155‌

130,098‌

3.00%,

04/01/2027

1,506‌

1,596‌

3.00%,

05/01/2029

2,919‌

3,102‌

3.00%,

01/01/2030

247‌

261‌

3.00%,

08/01/2031

5,223‌

5,572‌

3.00%,

06/01/2033

6,621‌

7,033‌

3.00%,

12/01/2034

2,555‌

2,690‌

3.00%,

10/01/2036

4,122‌

4,416‌

3.00%,

12/01/2042

3,749‌

4,052‌

3.00%,

01/01/2043

3,526‌

3,811‌

3.00%,

07/01/2045

1,565‌

1,691‌

3.00%,

01/01/2046

3,697‌

4,007‌

3.00%,

07/01/2046

4,402‌

4,733‌

3.00%,

10/01/2046

4,749‌

5,112‌

3.00%,

12/01/2046

5,298‌

5,678‌

3.00%,

01/01/2047

7,248‌

7,898‌

3.00%,

08/01/2049

2,403‌

2,521‌

3.00%,

10/01/2049

6,104‌

6,414‌

3.00%,

12/01/2049

5,904‌

6,204‌

3.00%,

01/01/2050

8,944‌

9,406‌

3.00%,

02/01/2050

7,927‌

8,331‌

3.00%,

07/01/2050

10,127‌

10,628‌

3.00%,

08/01/2050

8,089‌

8,496‌

3.00%,

09/01/2050

10,715‌

11,377‌

3.00%,

09/01/2051

(g)

6,000‌

6,276‌

3.50%,

08/01/2031

2,621‌

2,850‌

3.50%,

02/01/2033

5,231‌

5,688‌

3.50%,

09/01/2033

5,394‌

5,867‌

3.50%,

06/01/2039

2,200‌

2,375‌

3.50%,

06/01/2042

1,596‌

1,734‌

3.50%,

11/01/2042

2,982‌

3,278‌

3.50%,

02/01/2043

1,379‌

1,531‌

3.50%,

05/01/2043

1,931‌

2,146‌

3.50%,

03/01/2045

1,616‌

1,753‌

3.50%,

03/01/2045

3,319‌

3,663‌

3.50%,

09/01/2045

2,946‌

3,241‌

3.50%,

11/01/2048

9,424‌

10,466‌

3.50%,

03/01/2050

14,600‌

15,660‌

4.00%,

01/01/2034

678‌

741‌

4.00%,

10/01/2037

2,904‌

3,136‌

4.00%,

09/01/2040

1,321‌

1,453‌

4.00%,

02/01/2042

1,284‌

1,431‌

4.00%,

03/01/2043

2,123‌

2,345‌

4.00%,

08/01/2044

2,400‌

2,694‌

4.00%,

11/01/2044

1,904‌

2,138‌

4.00%,

07/01/2045

3,553‌

3,938‌

4.00%,

08/01/2045

3,770‌

4,233‌

4.00%,

08/01/2046

6,125‌

6,761‌

4.00%,

07/01/2047

5,353‌

6,008‌

4.00%,

10/01/2047

4,142‌

4,601‌

4.00%,

02/01/2048

4,539‌

5,040‌

4.50%,

09/01/2025

490‌

521‌

4.50%,

08/01/2039

1,637‌

1,851‌

4.50%,

03/01/2041

2,047‌

2,287‌

4.50%,

03/01/2042

4,711‌

5,323‌

4.50%,

09/01/2043

3,728‌

4,213‌

4.50%,

09/01/2043

2,526‌

2,854‌

4.50%,

11/01/2043

3,504‌

3,960‌

4.50%,

10/01/2044

2,222‌

2,470‌

4.50%,

12/01/2044

4,880‌

5,514‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Federal

National

Mortgage

Association

(FNMA)/Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

Uniform

Mortgage-Backed

Security

(continued)

4.50%,

05/01/2045

$

2,325‌

$

2,628‌

4.50%,

09/01/2045

3,055‌

3,423‌

4.50%,

10/01/2045

4,256‌

4,810‌

4.50%,

11/01/2045

5,240‌

5,872‌

4.50%,

08/01/2048

3,419‌

3,814‌

4.50%,

11/01/2048

4,264‌

4,743‌

4.50%,

12/01/2048

4,535‌

5,062‌

5.00%,

01/01/2026

24‌

26‌

5.00%,

04/01/2035

98‌

111‌

5.00%,

05/01/2035

39‌

44‌

5.00%,

07/01/2035

13‌

14‌

5.00%,

02/01/2038

1,250‌

1,424‌

5.00%,

03/01/2038

821‌

938‌

5.00%,

02/01/2040

3,870‌

4,461‌

5.00%,

05/01/2040

1,603‌

1,833‌

5.00%,

07/01/2040

879‌

996‌

5.00%,

07/01/2041

4,449‌

5,081‌

5.00%,

02/01/2044

1,934‌

2,209‌

5.00%,

06/01/2044

1,948‌

2,225‌

5.00%,

05/01/2048

3,407‌

3,899‌

5.50%,

06/01/2026

28‌

31‌

5.50%,

07/01/2033

381‌

440‌

5.50%,

02/01/2037

2‌

3‌

5.50%,

12/01/2037

603‌

702‌

5.50%,

03/01/2038

111‌

130‌

6.00%,

12/01/2022

1‌

2‌

6.00%,

03/01/2029

20‌

23‌

6.00%,

12/01/2031

1‌

1‌

6.00%,

12/01/2031

2‌

2‌

6.00%,

11/01/2032

6‌

6‌

6.00%,

11/01/2037

10‌

12‌

6.00%,

02/01/2038

33‌

39‌

6.00%,

03/01/2038

32‌

37‌

6.00%,

04/01/2039

314‌

360‌

6.50%,

09/01/2024

33‌

37‌

6.50%,

08/01/2028

13‌

15‌

6.50%,

03/01/2029

19‌

21‌

6.50%,

04/01/2029

18‌

21‌

6.50%,

06/01/2031

54‌

61‌

6.50%,

12/01/2031

1‌

2‌

6.50%,

01/01/2032

26‌

30‌

6.50%,

04/01/2032

17‌

19‌

6.50%,

04/01/2032

13‌

14‌

6.50%,

08/01/2032

51‌

57‌

6.50%,

02/01/2033

58‌

66‌

6.50%,

04/01/2036

2‌

3‌

6.50%,

08/01/2036

21‌

25‌

6.50%,

08/01/2036

33‌

38‌

6.50%,

10/01/2036

19‌

23‌

6.50%,

11/01/2036

14‌

17‌

6.50%,

07/01/2037

18‌

21‌

6.50%,

07/01/2037

8‌

9‌

6.50%,

08/01/2037

23‌

27‌

6.50%,

08/01/2037

285‌

340‌

6.50%,

02/01/2038

16‌

19‌

6.50%,

05/01/2038

3‌

3‌

7.00%,

05/01/2022

1‌

1‌

7.00%,

11/01/2031

96‌

109‌

7.50%,

08/01/2032

6‌

6‌

$

702,552‌

Government

National

Mortgage

Association

(GNMA)

-

20

.83

%

2.00%,

08/01/2051

32,250‌

33,033‌

2.50%,

08/01/2051

80,750‌

83,955‌

3.00%,

11/15/2042

2,171‌

2,335‌

3.00%,

12/15/2042

2,625‌

2,788‌

3.00%,

02/15/2043

3,438‌

3,702‌

3.00%,

07/20/2045

7,955‌

8,457‌

Schedule

of

Investments

Government

&

High

Quality

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

67

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Government

National

Mortgage

Association

(GNMA)

(continued)

3.00%,

07/20/2046

$

2,785‌

$

2,947‌

3.00%,

08/20/2046

6,044‌

6,383‌

3.00%,

09/20/2046

4,678‌

5,046‌

3.00%,

09/20/2046

7,444‌

7,874‌

3.00%,

11/20/2046

2,940‌

3,145‌

3.00%,

12/20/2046

3,764‌

3,982‌

3.00%,

02/20/2047

4,643‌

4,893‌

3.00%,

08/20/2047

2,913‌

3,077‌

3.00%,

11/15/2047

5,365‌

5,830‌

3.50%,

08/20/2042

2,642‌

2,864‌

3.50%,

05/15/2043

4,475‌

4,857‌

3.50%,

06/20/2043

3,445‌

3,748‌

3.50%,

08/15/2043

4,107‌

4,443‌

3.50%,

04/20/2045

2,359‌

2,540‌

3.50%,

02/20/2047

1,624‌

1,767‌

3.50%,

05/20/2047

9,087‌

10,097‌

3.50%,

10/20/2047

3,257‌

3,495‌

3.50%,

11/20/2047

3,074‌

3,402‌

4.00%,

08/15/2041

2,275‌

2,525‌

4.00%,

09/15/2041

3,909‌

4,355‌

4.00%,

03/15/2044

2,598‌

2,894‌

4.00%,

10/20/2044

2,432‌

2,624‌

4.00%,

01/20/2048

12,278‌

13,296‌

5.00%,

02/15/2034

69‌

79‌

5.00%,

10/15/2039

1,561‌

1,806‌

5.50%,

07/20/2033

565‌

648‌

5.50%,

03/20/2034

602‌

707‌

5.50%,

05/20/2035

60‌

71‌

6.00%,

10/15/2023

26‌

29‌

6.00%,

11/15/2023

5‌

5‌

6.00%,

11/15/2023

3‌

3‌

6.00%,

12/15/2023

1‌

1‌

6.00%,

04/20/2026

16‌

18‌

6.00%,

10/20/2028

2‌

3‌

6.00%,

02/20/2029

30‌

34‌

6.00%,

02/15/2033

12‌

14‌

6.00%,

07/20/2033

491‌

576‌

6.00%,

08/15/2038

62‌

69‌

6.50%,

09/15/2023

4‌

4‌

6.50%,

09/15/2023

1‌

1‌

6.50%,

10/15/2023

2‌

3‌

6.50%,

12/15/2023

4‌

5‌

6.50%,

12/15/2023

4‌

4‌

6.50%,

01/15/2024

2‌

2‌

6.50%,

01/15/2024

5‌

6‌

6.50%,

01/15/2024

1‌

1‌

6.50%,

01/15/2024

9‌

10‌

6.50%,

04/15/2024

3‌

3‌

6.50%,

04/20/2024

2‌

2‌

6.50%,

07/15/2024

7‌

8‌

6.50%,

01/15/2026

2‌

2‌

6.50%,

03/15/2026

2‌

3‌

6.50%,

07/20/2026

1‌

1‌

6.50%,

10/20/2028

4‌

4‌

6.50%,

03/20/2031

32‌

37‌

6.50%,

04/20/2031

25‌

29‌

6.50%,

07/15/2031

1‌

1‌

6.50%,

10/15/2031

8‌

9‌

6.50%,

07/15/2032

1‌

2‌

6.50%,

05/20/2034

287‌

336‌

7.00%,

11/15/2022

1‌

1‌

7.00%,

12/15/2022

1‌

1‌

7.00%,

02/15/2023

5‌

5‌

7.00%,

07/15/2023

1‌

1‌

7.00%,

08/15/2023

2‌

2‌

7.00%,

12/15/2023

2‌

2‌

7.00%,

12/15/2023

1‌

1‌

7.00%,

01/15/2026

3‌

3‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Government

National

Mortgage

Association

(GNMA)

(continued)

7.00%,

01/15/2027

$

4‌

$

4‌

7.00%,

10/15/2027

1‌

1‌

7.00%,

10/15/2027

1‌

1‌

7.00%,

10/15/2027

5‌

6‌

7.00%,

12/15/2027

1‌

1‌

7.00%,

04/15/2028

2‌

2‌

7.00%,

06/15/2028

57‌

59‌

7.00%,

12/15/2028

38‌

41‌

7.00%,

01/15/2029

28‌

31‌

7.00%,

03/15/2029

17‌

18‌

7.00%,

04/15/2029

115‌

127‌

7.00%,

05/15/2031

4‌

4‌

7.00%,

09/15/2031

1‌

1‌

7.50%,

08/15/2022

3‌

3‌

7.50%,

02/15/2023

1‌

1‌

7.50%,

05/15/2023

2‌

2‌

7.50%,

03/15/2024

5‌

5‌

7.50%,

05/15/2027

2‌

2‌

7.50%,

06/15/2027

5‌

5‌

7.50%,

08/15/2029

19‌

19‌

7.50%,

10/15/2029

13‌

13‌

7.50%,

11/15/2029

35‌

36‌

8.00%,

12/15/2030

3‌

4‌

$

245,292‌

U.S.

Treasury

Bill

-

12

.89

%

0.02%,

11/12/2021

(h)

46,000‌

45,993‌

0.04%,

10/14/2021

(h)

70,750‌

70,743‌

0.04%,

11/26/2021

(h)

35,000‌

34,995‌

$

151,731‌

TOTAL

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

$

1,195,506‌

Total

Investments

$

1,521,573‌

Other

Assets

and

Liabilities

-  (29.23)%

(

344,191‌

)

TOTAL

NET

ASSETS

-

100.00%

$

1,177,382‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

(c)

Current

yield

shown

is

as

of

period

end.

(d)

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$62,960

or

5.35%

of

net

assets.

(e)

Security

is

an

Interest

Only

Strip.

(f)

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.

(g)

Security

was

purchased

in

a

"to-be-announced"

("TBA")

transaction.

(h)

Rate

shown

is

the

discount

rate

of

the

original

purchase.

Portfolio

Summary  (unaudited)

Sector

Percent

Mortgage

Securities

98

.54‌

%

Government

12

.89‌

%

Money

Market

Funds

9

.38‌

%

Asset

Backed

Securities

8

.42‌

%

Other

Assets

and

Liabilities

(

29

.23‌

)

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

Government

&

High

Quality

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

68

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

250,685‌

$

672,034‌

$

812,288‌

$

110,431‌

$

250,685‌

$

672,034‌

$

812,288‌

$

110,431‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

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)

US

10

Year

Note;

September

2021

Long

482‌

$

64,807‌

$

1,215‌

US

5

Year

Note;

September

2021

Short

186‌

23,147‌

(

134‌

)

US

Ultra

Bond;

September

2021

Short

11‌

2,195‌

(

162‌

)

Total

$

919‌

Amounts

in

thousands

except

contracts.

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

69

INVESTMENT

COMPANIES

-

3.63%

Shares

Held

Value

(000's)

Money

Market

Funds

-

3.63%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(a),(b)

6,917,251‌

$

6,917‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

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

130,891,821‌

130,892‌

$

137,809‌

TOTAL

INVESTMENT

COMPANIES

$

137,809‌

COMMON

STOCKS

-

0.35%

Shares

Held

Value

(000's)

Commercial

Services

-

0.16%

ATD

New

Holdings

Inc

(d)

101,514‌

$

6,074‌

Electric

-

0.00%

Vistra

Energy

Corp

-

Rights

(d),(e)

164,087‌

—‌

Mining

-

0.03%

Arctic

Canadian

Diamond

Co

Ltd

(d),(e)

5,247‌

1,002‌

Miscellaneous

Manufacturers

-

0.12%

Utex

Industries

(d)

111,195‌

4,559‌

Utex

Industries

-

Warrants

(d),(f)

51,625‌

—‌

$

4,559‌

Oil

&

Gas

-

0.00%

Sabine

Oil

&

Gas

Holdings

Inc

(d),(e)

246‌

—‌

Software

-

0.04%

Skillsoft

Corp

(d)

189,363‌

1,648‌

Telecommunications

-

0.00%

Goodman

Networks

Inc

(d),(e)

15,207‌

—‌

TOTAL

COMMON

STOCKS

$

13,283‌

PREFERRED

STOCKS

-

0.00%

Shares

Held

Value

(000's)

Telecommunications

-

0.00%

Goodman

Networks

Inc

0.00%

(d),(e)

18,092‌

$

—‌

TOTAL

PREFERRED

STOCKS

$

—‌

BONDS

-

85.18%

Principal

Amount

(000's)

Value

(000's)

Advertising

-

0.71%

Advantage

Sales

&

Marketing

Inc

6.50%,

11/15/2028

(g)

$

1,080‌

$

1,118‌

Clear

Channel

Outdoor

Holdings

Inc

7.50%,

06/01/2029

(g)

3,720‌

3,861‌

7.75%,

04/15/2028

(g)

4,220‌

4,401‌

Lamar

Media

Corp

3.63%,

01/15/2031

(g)

570‌

563‌

3.75%,

02/15/2028

1,000‌

1,015‌

4.00%,

02/15/2030

750‌

763‌

MDC

Partners

Inc

7.50%,

05/01/2024

(g),(h)

1,260‌

1,283‌

National

CineMedia

LLC

5.75%,

08/15/2026

(i)

1,495‌

1,243‌

5.88%,

04/15/2028

(g),(i)

900‌

846‌

Outfront

Media

Capital

LLC

/

Outfront

Media

Capital

Corp

4.25%,

01/15/2029

(g)

1,250‌

1,252‌

4.63%,

03/15/2030

(g)

2,780‌

2,794‌

5.00%,

08/15/2027

(g)

6,585‌

6,717‌

Terrier

Media

Buyer

Inc

8.88%,

12/15/2027

(g)

1,045‌

1,117‌

$

26,973‌

Aerospace

&

Defense

-

2.00%

F-Brasile

SpA

/

F-Brasile

US

LLC

7.38%,

08/15/2026

(g)

650‌

671‌

Hexcel

Corp

4.20%,

02/15/2027

1,150‌

1,246‌

4.95%,

08/15/2025

1,050‌

1,161‌

Howmet

Aerospace

Inc

5.13%,

10/01/2024

1,140‌

1,255‌

5.90%,

02/01/2027

670‌

793‌

5.95%,

02/01/2037

2,310‌

2,930‌

6.75%,

01/15/2028

420‌

516‌

6.88%,

05/01/2025

1,090‌

1,268‌

Kratos

Defense

&

Security

Solutions

Inc

6.50%,

11/30/2025

(g)

800‌

834‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Aerospace

&

Defense

(continued)

Leonardo

US

Holdings

Inc

6.25%,

01/15/2040

(g)

$

140‌

$

162‌

Moog

Inc

4.25%,

12/15/2027

(g)

500‌

516‌

Rolls-Royce

PLC

3.63%,

10/14/2025

(g)

1,500‌

1,511‌

5.75%,

10/15/2027

(g)

2,034‌

2,220‌

Spirit

AeroSystems

Inc

3.85%,

06/15/2026

245‌

260‌

3.95%,

06/15/2023

1,460‌

1,481‌

4.60%,

06/15/2028

560‌

542‌

7.50%,

04/15/2025

(g)

1,620‌

1,717‌

SSL

Robotics

LLC

9.75%,

12/31/2023

(g)

515‌

567‌

TransDigm

Inc

4.63%,

01/15/2029

(g)

4,800‌

4,788‌

5.50%,

11/15/2027

10,815‌

11,167‌

6.25%,

03/15/2026

(g)

13,650‌

14,315‌

6.38%,

06/15/2026

12,268‌

12,682‌

7.50%,

03/15/2027

8,005‌

8,480‌

8.00%,

12/15/2025

(g)

989‌

1,062‌

TransDigm

UK

Holdings

PLC

6.88%,

05/15/2026

1,880‌

1,983‌

Triumph

Group

Inc

6.25%,

09/15/2024

(g)

550‌

553‌

7.75%,

08/15/2025

811‌

815‌

8.88%,

06/01/2024

(g)

291‌

322‌

$

75,817‌

Agriculture

-

0.09%

Cooke

Omega

Investments

Inc

/

Alpha

VesselCo

Holdings

Inc

8.50%,

12/15/2022

(g)

250‌

256‌

Vector

Group

Ltd

5.75%,

02/01/2029

(g)

2,076‌

2,107‌

10.50%,

11/01/2026

(g)

1,015‌

1,080‌

$

3,443‌

Airlines

-

1.83%

Air

Canada

3.88%,

08/15/2026

(g),(j)

9,725‌

9,748‌

American

Airlines

2013-1

Class

A

Pass

Through

Trust

4.00%,

01/15/2027

961‌

924‌

American

Airlines

2013-2

Class

A

Pass

Through

Trust

4.95%,

07/15/2024

243‌

248‌

American

Airlines

2014-1

Class

A

Pass

Through

Trust

3.70%,

04/01/2028

752‌

765‌

American

Airlines

2015-1

Class

A

Pass

Through

Trust

3.38%,

11/01/2028

923‌

918‌

American

Airlines

2016-1

Class

A

Pass

Through

Trust

4.10%,

07/15/2029

613‌

616‌

American

Airlines

2016-2

Class

A

Pass

Through

Trust

3.65%,

12/15/2029

614‌

597‌

American

Airlines

Group

Inc

3.75%,

03/01/2025

(g),(i)

2,405‌

2,140‌

5.00%,

06/01/2022

(g)

605‌

604‌

American

Airlines

Inc

11.75%,

07/15/2025

(g)

2,020‌

2,525‌

American

Airlines

Inc/AAdvantage

Loyalty

IP

Ltd

5.50%,

04/20/2026

(g)

6,100‌

6,382‌

5.75%,

04/20/2029

(g)

12,160‌

13,117‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

70

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Airlines

(continued)

Delta

Air

Lines

Inc

2.90%,

10/28/2024

$

1,405‌

$

1,424‌

3.75%,

10/28/2029

(i)

830‌

823‌

3.80%,

04/19/2023

685‌

707‌

4.38%,

04/19/2028

730‌

765‌

7.38%,

01/15/2026

1,140‌

1,342‌

Delta

Air

Lines

Inc

/

SkyMiles

IP

Ltd

4.75%,

10/20/2028

(g)

5,884‌

6,575‌

Hawaiian

Brand

Intellectual

Property

Ltd

/

HawaiianMiles

Loyalty

Ltd

5.75%,

01/20/2026

(g)

4,856‌

5,091‌

Spirit

Loyalty

Cayman

Ltd

/

Spirit

IP

Cayman

Ltd

8.00%,

09/20/2025

(g)

93‌

105‌

UAL

2007-1

Pass

Through

Trust

6.64%,

01/02/2024

195‌

201‌

United

Airlines

Holdings

Inc

4.25%,

10/01/2022

1,588‌

1,612‌

4.88%,

01/15/2025

(i)

363‌

372‌

5.00%,

02/01/2024

706‌

732‌

United

Airlines

Inc

4.38%,

04/15/2026

(g)

5,475‌

5,633‌

4.63%,

04/15/2029

(g)

5,375‌

5,530‌

$

69,496‌

Apparel

-

0.17%

Hanesbrands

Inc

4.63%,

05/15/2024

(g)

1,045‌

1,105‌

4.88%,

05/15/2026

(g)

715‌

771‌

5.38%,

05/15/2025

(g)

495‌

520‌

Michael

Kors

USA

Inc

4.50%,

11/01/2024

(g)

178‌

189‌

Under

Armour

Inc

3.25%,

06/15/2026

420‌

435‌

William

Carter

Co/The

5.50%,

05/15/2025

(g)

500‌

526‌

5.63%,

03/15/2027

(g)

656‌

686‌

Wolverine

World

Wide

Inc

5.00%,

09/01/2026

(g)

105‌

108‌

6.38%,

05/15/2025

(g)

1,820‌

1,943‌

$

6,283‌

Automobile

Manufacturers

-

3.49%

Allison

Transmission

Inc

3.75%,

01/30/2031

(g)

1,200‌

1,195‌

4.75%,

10/01/2027

(g)

25‌

26‌

5.88%,

06/01/2029

(g)

1,465‌

1,600‌

Aston

Martin

Capital

Holdings

Ltd

10.50%,

11/30/2025

(g)

1,860‌

2,065‌

Ford

Holdings

LLC

9.30%,

03/01/2030

215‌

295‌

Ford

Motor

Co

4.35%,

12/08/2026

1,340‌

1,446‌

4.75%,

01/15/2043

1,103‌

1,211‌

5.29%,

12/08/2046

1,145‌

1,310‌

6.38%,

02/01/2029

609‌

706‌

6.63%,

10/01/2028

1,585‌

1,898‌

7.45%,

07/16/2031

4,688‌

6,205‌

7.50%,

08/01/2026

220‌

261‌

8.50%,

04/21/2023

2,997‌

3,327‌

9.00%,

04/22/2025

3,558‌

4,380‌

9.63%,

04/22/2030

17,900‌

25,843‌

9.98%,

02/15/2047

15‌

23‌

Ford

Motor

Credit

Co

LLC

2.90%,

02/16/2028

1,675‌

1,677‌

2.98%,

08/03/2022

610‌

618‌

3.09%,

01/09/2023

730‌

743‌

3.10%,

05/04/2023

700‌

714‌

3.35%,

11/01/2022

550‌

562‌

3.38%,

11/13/2025

3,550‌

3,706‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Automobile

Manufacturers

(continued)

Ford

Motor

Credit

Co

LLC  

(continued)

3.55%,

10/07/2022

$

290‌

$

296‌

3.66%,

09/08/2024

2,820‌

2,947‌

3.81%,

01/09/2024

1,000‌

1,043‌

3.82%,

11/02/2027

1,100‌

1,155‌

4.00%,

11/13/2030

9,150‌

9,676‌

4.06%,

11/01/2024

1,279‌

1,356‌

4.13%,

08/04/2025

3,100‌

3,317‌

4.13%,

08/17/2027

9,340‌

9,994‌

4.14%,

02/15/2023

765‌

793‌

4.25%,

09/20/2022

200‌

205‌

4.27%,

01/09/2027

2,760‌

2,973‌

4.38%,

08/06/2023

500‌

524‌

4.39%,

01/08/2026

1,610‌

1,747‌

4.54%,

08/01/2026

8,580‌

9,319‌

4.69%,

06/09/2025

1,447‌

1,572‌

5.11%,

05/03/2029

3,135‌

3,549‌

5.13%,

06/16/2025

5,515‌

6,074‌

5.58%,

03/18/2024

274‌

299‌

Jaguar

Land

Rover

Automotive

PLC

4.50%,

10/01/2027

(g)

405‌

397‌

5.50%,

07/15/2029

(g)

9,070‌

9,071‌

5.63%,

02/01/2023

(g)

1,190‌

1,194‌

5.88%,

01/15/2028

(g)

575‌

596‌

7.75%,

10/15/2025

(g)

1,070‌

1,161‌

JB

Poindexter

&

Co

Inc

7.13%,

04/15/2026

(g)

115‌

121‌

PM

General

Purchaser

LLC

9.50%,

10/01/2028

(g)

645‌

677‌

Tesla

Inc

5.30%,

08/15/2025

(g)

1,590‌

1,632‌

Wabash

National

Corp

5.50%,

10/01/2025

(g)

792‌

804‌

$

132,303‌

Automobile

Parts

&

Equipment

-

1.32%

Adient

Global

Holdings

Ltd

4.88%,

08/15/2026

(g)

1,250‌

1,278‌

Adient

US

LLC

9.00%,

04/15/2025

(g)

950‌

1,039‌

American

Axle

&

Manufacturing

Inc

6.25%,

04/01/2025

240‌

248‌

6.25%,

03/15/2026

319‌

330‌

6.50%,

04/01/2027

(i)

852‌

895‌

6.88%,

07/01/2028

(i)

305‌

332‌

Clarios

Global

LP

6.75%,

05/15/2025

(g)

365‌

387‌

Clarios

Global

LP

/

Clarios

US

Finance

Co

6.25%,

05/15/2026

(g)

11,209‌

11,853‌

8.50%,

05/15/2027

(g)

2,040‌

2,203‌

Cooper-Standard

Automotive

Inc

5.63%,

11/15/2026

(g)

1,026‌

945‌

Dana

Financing

Luxembourg

Sarl

5.75%,

04/15/2025

(g)

305‌

315‌

Dana

Inc

5.38%,

11/15/2027

658‌

696‌

5.63%,

06/15/2028

325‌

350‌

Dealer

Tire

LLC

/

DT

Issuer

LLC

8.00%,

02/01/2028

(g)

1,035‌

1,114‌

Goodyear

Tire

&

Rubber

Co/The

5.00%,

05/31/2026

700‌

718‌

5.00%,

07/15/2029

(g)

1,940‌

2,041‌

9.50%,

05/31/2025

977‌

1,082‌

IHO

Verwaltungs

GmbH

4.75%,

PIK

5.50%;

09/15/2026

(g),(h),(k)

925‌

950‌

6.00%,

PIK

6.75%;

05/15/2027

(g),(h),(k)

335‌

349‌

6.38%,

PIK

7.13%;

05/15/2029

(g),(h),(k)

315‌

341‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

71

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Automobile

Parts

&

Equipment

(continued)

Meritor

Inc

4.50%,

12/15/2028

(g)

$

190‌

$

194‌

6.25%,

06/01/2025

(g)

1,300‌

1,384‌

Real

Hero

Merger

Sub

2

Inc

6.25%,

02/01/2029

(g)

9,725‌

10,054‌

Tenneco

Inc

5.00%,

07/15/2026

(i)

520‌

513‌

5.13%,

04/15/2029

(g)

790‌

812‌

5.38%,

12/15/2024

115‌

116‌

Titan

International

Inc

7.00%,

04/30/2028

(g)

570‌

595‌

Wheel

Pros

Inc

6.50%,

05/15/2029

(g)

7,230‌

7,338‌

ZF

North

America

Capital

Inc

4.75%,

04/29/2025

(g)

1,400‌

1,519‌

$

49,991‌

Banks

-

0.64%

CIT

Group

Inc

4.75%,

02/16/2024

795‌

857‌

5.00%,

08/15/2022

1,021‌

1,065‌

5.00%,

08/01/2023

905‌

977‌

5.25%,

03/07/2025

1,015‌

1,144‌

6.13%,

03/09/2028

140‌

173‌

Commerzbank

AG

8.13%,

09/19/2023

(g)

985‌

1,118‌

Deutsche

Bank

AG

4.30%,

05/24/2028

(l)

1,625‌

1,682‌

USD

Swap

Semi-Annual

5

Year

+

2.25%

4.50%,

04/01/2025

1,255‌

1,353‌

Deutsche

Bank

AG/New

York

NY

4.88%,

12/01/2032

(l)

645‌

700‌

USD

Swap

Rate

NY

5

Year

+

2.55%

5.88%,

07/08/2031

(l)

1,390‌

1,642‌

Secured

Overnight

Financing

Rate

+

5.44%

Dresdner

Funding

Trust

I

8.15%,

06/30/2031

(g)

899‌

1,295‌

Freedom

Mortgage

Corp

7.63%,

05/01/2026

(g)

800‌

821‌

8.13%,

11/15/2024

(g)

1,235‌

1,263‌

8.25%,

04/15/2025

(g)

430‌

446‌

Intesa

Sanpaolo

SpA

4.20%,

06/01/2032

(g)

700‌

720‌

4.95%,

06/01/2042

(g)

800‌

832‌

5.02%,

06/26/2024

(g)

1,645‌

1,785‌

5.71%,

01/15/2026

(g)

1,200‌

1,355‌

Synovus

Financial

Corp

5.90%,

02/07/2029

(l)

900‌

975‌

USD

Swap

Semi-Annual

5

Year

+

3.38%

UniCredit

SpA

5.46%,

06/30/2035

(g),(l)

1,210‌

1,337‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.75%

5.86%,

06/19/2032

(g),(l)

1,000‌

1,113‌

USD

Swap

Rate

NY

5

Year

+

3.70%

7.30%,

04/02/2034

(g),(l)

1,465‌

1,779‌

USD

Swap

Rate

NY

5

Year

+

4.91%

$

24,432‌

Beverages

-

0.01%

Triton

Water

Holdings

Inc

6.25%,

04/01/2029

(g)

200‌

200‌

Biotechnology

-

0.09%

HCRX

Investments

Holdco

LP

4.50%,

08/01/2029

(g)

3,325‌

3,392‌

Building

Materials

-

0.60%

Boise

Cascade

Co

4.88%,

07/01/2030

(g)

775‌

821‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Building

Materials

(continued)

Builders

FirstSource

Inc

5.00%,

03/01/2030

(g)

$

1,140‌

$

1,213‌

6.75%,

06/01/2027

(g)

649‌

694‌

Cornerstone

Building

Brands

Inc

6.13%,

01/15/2029

(g)

67‌

71‌

CP

Atlas

Buyer

Inc

7.00%,

12/01/2028

(g)

260‌

268‌

Forterra

Finance

LLC

/

FRTA

Finance

Corp

6.50%,

07/15/2025

(g)

405‌

434‌

Griffon

Corp

5.75%,

03/01/2028

1,600‌

1,683‌

James

Hardie

International

Finance

DAC

5.00%,

01/15/2028

(g)

300‌

318‌

JELD-WEN

Inc

4.63%,

12/15/2025

(g)

330‌

336‌

4.88%,

12/15/2027

(g)

779‌

808‌

Koppers

Inc

6.00%,

02/15/2025

(g)

399‌

409‌

Masonite

International

Corp

5.38%,

02/01/2028

(g)

395‌

420‌

Patrick

Industries

Inc

4.75%,

05/01/2029

(g)

1,740‌

1,776‌

7.50%,

10/15/2027

(g)

435‌

473‌

SRM

Escrow

Issuer

LLC

6.00%,

11/01/2028

(g)

5,875‌

6,272‌

Standard

Industries

Inc/NJ

3.38%,

01/15/2031

(g)

705‌

684‌

4.38%,

07/15/2030

(g)

2,293‌

2,362‌

4.75%,

01/15/2028

(g)

870‌

906‌

5.00%,

02/15/2027

(g)

1,515‌

1,562‌

Summit

Materials

LLC

/

Summit

Materials

Finance

Corp

5.13%,

06/01/2025

(g)

378‌

382‌

5.25%,

01/15/2029

(g)

565‌

600‌

6.50%,

03/15/2027

(g)

12‌

13‌

US

Concrete

Inc

5.13%,

03/01/2029

(g)

390‌

426‌

$

22,931‌

Chemicals

-

0.95%

Ashland

LLC

4.75%,

08/15/2022

120‌

123‌

6.88%,

05/15/2043

308‌

394‌

Axalta

Coating

Systems

LLC

3.38%,

02/15/2029

(g)

640‌

630‌

Axalta

Coating

Systems

LLC

/

Axalta

Coating

Systems

Dutch

Holding

B

BV

4.75%,

06/15/2027

(g)

885‌

933‌

CF

Industries

Inc

3.45%,

06/01/2023

650‌

673‌

4.95%,

06/01/2043

515‌

634‌

5.15%,

03/15/2034

667‌

827‌

5.38%,

03/15/2044

621‌

799‌

Chemours

Co/The

5.38%,

05/15/2027

(i)

375‌

407‌

5.75%,

11/15/2028

(g)

655‌

695‌

7.00%,

05/15/2025

575‌

594‌

Consolidated

Energy

Finance

SA

6.88%,

06/15/2025

(g)

300‌

305‌

Cornerstone

Chemical

Co

6.75%,

08/15/2024

(g),(i)

430‌

388‌

Element

Solutions

Inc

3.88%,

09/01/2028

(g)

1,995‌

2,035‌

GCP

Applied

Technologies

Inc

5.50%,

04/15/2026

(g)

600‌

614‌

GPD

Cos

Inc

10.13%,

04/01/2026

(g)

2,000‌

2,165‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

72

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Chemicals

(continued)

HB

Fuller

Co

4.00%,

02/15/2027

$

750‌

$

775‌

4.25%,

10/15/2028

1,450‌

1,483‌

Hexion

Inc

7.88%,

07/15/2027

(g)

325‌

349‌

Illuminate

Buyer

LLC

/

Illuminate

Holdings

IV

Inc

9.00%,

07/01/2028

(g)

545‌

606‌

INEOS

Group

Holdings

SA

5.63%,

08/01/2024

(g)

430‌

430‌

Ingevity

Corp

3.88%,

11/01/2028

(g)

277‌

277‌

Innophos

Holdings

Inc

9.38%,

02/15/2028

(g)

440‌

474‌

Kraton

Polymers

LLC

/

Kraton

Polymers

Capital

Corp

4.25%,

12/15/2025

(g)

1,080‌

1,107‌

Methanex

Corp

4.25%,

12/01/2024

275‌

292‌

5.13%,

10/15/2027

540‌

585‌

5.25%,

12/15/2029

1,525‌

1,686‌

5.65%,

12/01/2044

385‌

410‌

Minerals

Technologies

Inc

5.00%,

07/01/2028

(g)

487‌

509‌

Nufarm

Australia

Ltd

/

Nufarm

Americas

Inc

5.75%,

04/30/2026

(g)

600‌

617‌

OCI

NV

4.63%,

10/15/2025

(g)

417‌

431‌

5.25%,

11/01/2024

(g)

288‌

296‌

Olin

Corp

5.00%,

02/01/2030

520‌

557‌

5.13%,

09/15/2027

477‌

497‌

5.50%,

08/15/2022

(i)

190‌

198‌

5.63%,

08/01/2029

500‌

549‌

9.50%,

06/01/2025

(g)

386‌

482‌

Rain

CII

Carbon

LLC

/

CII

Carbon

Corp

7.25%,

04/01/2025

(g)

837‌

862‌

Rayonier

AM

Products

Inc

5.50%,

06/01/2024

(g)

1,020‌

956‌

7.63%,

01/15/2026

(g)

307‌

315‌

SCIH

Salt

Holdings

Inc

4.88%,

05/01/2028

(g)

1,500‌

1,498‌

SPCM

SA

4.88%,

09/15/2025

(g)

390‌

399‌

TPC

Group

Inc

10.50%,

08/01/2024

(g)

1,135‌

1,118‌

Trinseo

Materials

Operating

SCA

/

Trinseo

Materials

Finance

Inc

5.38%,

09/01/2025

(g)

1,018‌

1,039‌

Tronox

Inc

4.63%,

03/15/2029

(g)

1,115‌

1,133‌

Valvoline

Inc

3.63%,

06/15/2031

(g)

1,710‌

1,701‌

4.25%,

02/15/2030

(g)

525‌

545‌

Venator

Finance

Sarl

/

Venator

Materials

LLC

5.75%,

07/15/2025

(g)

280‌

269‌

WR

Grace

&

Co-Conn

4.88%,

06/15/2027

(g)

1,210‌

1,278‌

5.63%,

10/01/2024

(g)

60‌

67‌

$

36,006‌

Coal

-

0.20%

Alliance

Resource

Operating

Partners

LP

/

Alliance

Resource

Finance

Corp

7.50%,

05/01/2025

(g)

926‌

935‌

Natural

Resource

Partners

LP

/

NRP

Finance

Corp

9.13%,

06/30/2025

(g)

1,000‌

993‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Coal

(continued)

SunCoke

Energy

Inc

4.88%,

06/30/2029

(g)

$

5,000‌

$

5,037‌

Warrior

Met

Coal

Inc

8.00%,

11/01/2024

(g)

585‌

595‌

$

7,560‌

Commercial

Services

-

3.37%

ADT

Security

Corp/The

4.13%,

06/15/2023

315‌

333‌

4.88%,

07/15/2032

(g)

545‌

565‌

Adtalem

Global

Education

Inc

5.50%,

03/01/2028

(g)

845‌

867‌

Ahern

Rentals

Inc

7.38%,

05/15/2023

(g)

450‌

408‌

Allied

Universal

Holdco

LLC

/

Allied

Universal

Finance

Corp

6.63%,

07/15/2026

(g)

1,635‌

1,731‌

9.75%,

07/15/2027

(g)

1,005‌

1,102‌

AMN

Healthcare

Inc

4.63%,

10/01/2027

(g)

3,864‌

4,023‌

Aptim

Corp

7.75%,

06/15/2025

(g),(i)

1,100‌

946‌

APX

Group

Inc

6.75%,

02/15/2027

(g)

485‌

514‌

7.63%,

09/01/2023

1,015‌

1,038‌

ASGN

Inc

4.63%,

05/15/2028

(g)

5,945‌

6,204‌

Avis

Budget

Car

Rental

LLC

/

Avis

Budget

Finance

Inc

5.75%,

07/15/2027

(g)

6‌

6‌

5.75%,

07/15/2027

(g)

620‌

645‌

Brink's

Co/The

4.63%,

10/15/2027

(g)

1,100‌

1,142‌

Carriage

Services

Inc

4.25%,

05/15/2029

(g)

2,520‌

2,514‌

Cimpress

PLC

7.00%,

06/15/2026

(g)

1,751‌

1,839‌

CoreCivic

Inc

4.63%,

05/01/2023

(i)

1,448‌

1,459‌

4.75%,

10/15/2027

1,000‌

915‌

8.25%,

04/15/2026

(i)

2,000‌

2,120‌

Deluxe

Corp

8.00%,

06/01/2029

(g)

1,000‌

1,093‌

Garda

World

Security

Corp

4.63%,

02/15/2027

(g)

460‌

462‌

9.50%,

11/01/2027

(g)

1,032‌

1,125‌

Gartner

Inc

3.63%,

06/15/2029

(g)

560‌

573‌

3.75%,

10/01/2030

(g)

1,140‌

1,171‌

4.50%,

07/01/2028

(g)

130‌

137‌

Graham

Holdings

Co

5.75%,

06/01/2026

(g)

2,029‌

2,111‌

Herc

Holdings

Inc

5.50%,

07/15/2027

(g)

955‌

1,002‌

IHS

Markit

Ltd

4.25%,

05/01/2029

845‌

986‌

4.75%,

08/01/2028

1,200‌

1,428‌

Jaguar

Holding

Co

II

/

PPD

Development

LP

4.63%,

06/15/2025

(g)

405‌

424‌

5.00%,

06/15/2028

(g)

15,545‌

16,749‌

Korn

Ferry

4.63%,

12/15/2027

(g)

138‌

142‌

Legends

Hospitality

Holding

Co

LLC

/

Legends

Hospitality

Co-Issuer

Inc

5.00%,

02/01/2026

(g)

25‌

26‌

Midas

Intermediate

Holdco

II

LLC

/

Midas

Intermediate

Holdco

II

Finance

Inc

7.88%,

10/01/2022

(g),(i)

335‌

313‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

73

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Services

(continued)

Modulaire

Global

Finance

Plc

8.00%,

02/15/2023

(g)

$

600‌

$

616‌

MPH

Acquisition

Holdings

LLC

5.75%,

11/01/2028

(g),(i)

8,553‌

8,306‌

NESCO

Holdings

II

Inc

5.50%,

04/15/2029

(g)

800‌

826‌

Nielsen

Co

Luxembourg

SARL/The

5.00%,

02/01/2025

(g)

977‌

1,003‌

Nielsen

Finance

LLC

/

Nielsen

Finance

Co

4.50%,

07/15/2029

(g)

2,370‌

2,388‌

5.63%,

10/01/2028

(g)

1,425‌

1,505‌

North

Queensland

Export

Terminal

Pty

Ltd

4.45%,

12/15/2022

(g)

1,085‌

1,035‌

Prime

Security

Services

Borrower

LLC

/

Prime

Finance

Inc

3.38%,

08/31/2027

(g)

310‌

302‌

5.25%,

04/15/2024

(g)

1,385‌

1,480‌

5.75%,

04/15/2026

(g)

950‌

1,040‌

6.25%,

01/15/2028

(g)

1,015‌

1,059‌

Rent-A-Center

Inc/TX

6.38%,

02/15/2029

(g)

10,633‌

11,417‌

RR

Donnelley

&

Sons

Co

6.13%,

11/01/2026

(g)

1,460‌

1,537‌

Sabre

GLBL

Inc

7.38%,

09/01/2025

(g)

800‌

854‌

9.25%,

04/15/2025

(g)

775‌

907‌

Service

Corp

International/US

3.38%,

08/15/2030

1,035‌

1,032‌

5.13%,

06/01/2029

1,022‌

1,104‌

Shift4

Payments

LLC

/

Shift4

Payments

Finance

Sub

Inc

4.63%,

11/01/2026

(g)

1,077‌

1,122‌

Sotheby's

7.38%,

10/15/2027

(g)

13,740‌

14,677‌

Square

Inc

2.75%,

06/01/2026

(g)

1,000‌

1,023‌

3.50%,

06/01/2031

(g)

3,760‌

3,907‌

Team

Health

Holdings

Inc

6.38%,

02/01/2025

(g)

6,885‌

6,386‌

TriNet

Group

Inc

3.50%,

03/01/2029

(g)

676‌

677‌

United

Rentals

North

America

Inc

3.88%,

02/15/2031

1,140‌

1,173‌

4.00%,

07/15/2030

780‌

810‌

4.88%,

01/15/2028

1,564‌

1,652‌

5.25%,

01/15/2030

860‌

941‌

5.50%,

05/15/2027

765‌

804‌

5.88%,

09/15/2026

1,060‌

1,095‌

Verscend

Escrow

Corp

9.75%,

08/15/2026

(g)

890‌

940‌

$

127,731‌

Computers

-

0.77%

Banff

Merger

Sub

Inc

9.75%,

09/01/2026

(g)

1,165‌

1,225‌

Booz

Allen

Hamilton

Inc

3.88%,

09/01/2028

(g)

185‌

189‌

4.00%,

07/01/2029

(g)

950‌

976‌

Crowdstrike

Holdings

Inc

3.00%,

02/15/2029

934‌

947‌

Dell

Inc

5.40%,

09/10/2040

355‌

421‌

6.50%,

04/15/2038

314‌

414‌

7.10%,

04/15/2028

555‌

713‌

Diebold

Nixdorf

Inc

8.50%,

04/15/2024

(i)

300‌

306‌

9.38%,

07/15/2025

(g)

565‌

621‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Computers

(continued)

EMC

Corp

3.38%,

06/01/2023

$

1,915‌

$

1,981‌

KBR

Inc

4.75%,

09/30/2028

(g)

6,181‌

6,242‌

NCR

Corp

5.00%,

10/01/2028

(g)

600‌

618‌

5.13%,

04/15/2029

(g)

50‌

52‌

5.25%,

10/01/2030

(g)

651‌

685‌

5.75%,

09/01/2027

(g)

875‌

923‌

6.13%,

09/01/2029

(g)

835‌

906‌

8.13%,

04/15/2025

(g)

690‌

750‌

Presidio

Holdings

Inc

4.88%,

02/01/2027

(g)

1,075‌

1,108‌

8.25%,

02/01/2028

(g)

330‌

358‌

Science

Applications

International

Corp

4.88%,

04/01/2028

(g)

85‌

89‌

Seagate

HDD

Cayman

3.13%,

07/15/2029

(g)

85‌

83‌

4.09%,

06/01/2029

(g)

1,407‌

1,476‌

4.13%,

01/15/2031

(g)

760‌

795‌

4.75%,

06/01/2023

795‌

846‌

4.75%,

01/01/2025

735‌

810‌

4.88%,

03/01/2024

955‌

1,036‌

4.88%,

06/01/2027

750‌

836‌

5.75%,

12/01/2034

720‌

851‌

Unisys

Corp

6.88%,

11/01/2027

(g)

940‌

1,023‌

Western

Digital

Corp

4.75%,

02/15/2026

1,883‌

2,090‌

$

29,370‌

Consumer

Products

-

0.12%

ACCO

Brands

Corp

4.25%,

03/15/2029

(g)

1,095‌

1,094‌

Central

Garden

&

Pet

Co

5.13%,

02/01/2028

642‌

681‌

Kronos

Acquisition

Holdings

Inc

/

KIK

Custom

Products

Inc

5.00%,

12/31/2026

(g)

1,000‌

1,014‌

7.00%,

12/31/2027

(g),(i)

1,000‌

977‌

Spectrum

Brands

Inc

5.50%,

07/15/2030

(g)

61‌

66‌

5.75%,

07/15/2025

785‌

806‌

$

4,638‌

Cosmetics

&

Personal

Care

-

0.08%

Avon

Products

Inc

7.00%,

03/15/2023

724‌

770‌

8.45%,

03/15/2043

240‌

311‌

Coty

Inc

6.50%,

04/15/2026

(g)

448‌

450‌

Edgewell

Personal

Care

Co

5.50%,

06/01/2028

(g)

1,190‌

1,260‌

High

Ridge

Brands

-

Escrow

0.00%,

03/15/2025

(d),(e),(f)

4,938‌

62‌

$

2,853‌

Distribution

&

Wholesale

-

0.31%

American

Builders

&

Contractors

Supply

Co

Inc

4.00%,

01/15/2028

(g)

565‌

579‌

Avient

Corp

5.25%,

03/15/2023

355‌

377‌

5.75%,

05/15/2025

(g)

525‌

551‌

Core

&

Main

LP

6.13%,

08/15/2025

(g)

580‌

588‌

G-III

Apparel

Group

Ltd

7.88%,

08/15/2025

(g)

190‌

206‌

H&E

Equipment

Services

Inc

3.88%,

12/15/2028

(g)

1,290‌

1,279‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

74

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Distribution

&

Wholesale

(continued)

IAA

Inc

5.50%,

06/15/2027

(g)

$

3,678‌

$

3,858‌

KAR

Auction

Services

Inc

5.13%,

06/01/2025

(g)

932‌

954‌

Resideo

Funding

Inc

6.13%,

11/01/2026

(g)

457‌

480‌

Univar

Solutions

USA

Inc/Washington

5.13%,

12/01/2027

(g)

405‌

424‌

Wolverine

Escrow

LLC

8.50%,

11/15/2024

(g)

512‌

497‌

9.00%,

11/15/2026

(g)

1,708‌

1,648‌

13.13%,

11/15/2027

(g)

520‌

432‌

$

11,873‌

Diversified

Financial

Services

-

4.56%

AG

Issuer

LLC

6.25%,

03/01/2028

(g)

499‌

523‌

Alliance

Data

Systems

Corp

4.75%,

12/15/2024

(g)

6,135‌

6,295‌

7.00%,

01/15/2026

(g)

6,075‌

6,546‌

Ally

Financial

Inc

5.75%,

11/20/2025

830‌

949‌

Credit

Acceptance

Corp

5.13%,

12/31/2024

(g)

900‌

930‌

6.63%,

03/15/2026

(i)

4,284‌

4,519‌

Curo

Group

Holdings

Corp

8.25%,

09/01/2025

(g)

565‌

591‌

Enact

Holdings

Inc

6.50%,

08/15/2025

(g)

1,170‌

1,269‌

Enova

International

Inc

8.50%,

09/01/2024

(g)

635‌

651‌

8.50%,

09/15/2025

(g)

360‌

375‌

Finance

of

America

Funding

LLC

7.88%,

11/15/2025

(g)

100‌

99‌

Global

Aircraft

Leasing

Co

Ltd

6.50%,

PIK

7.25%;

09/15/2024

(g),(h),(k)

1,259‌

1,265‌

goeasy

Ltd

5.38%,

12/01/2024

(g)

445‌

462‌

Home

Point

Capital

Inc

5.00%,

02/01/2026

(g)

9,092‌

8,390‌

Jefferies

Finance

LLC

/

JFIN

Co-Issuer

Corp

5.00%,

08/15/2028

(g),(j)

3,185‌

3,257‌

LD

Holdings

Group

LLC

6.13%,

04/01/2028

(g)

2,209‌

2,193‌

LPL

Holdings

Inc

4.00%,

03/15/2029

(g)

935‌

949‌

4.63%,

11/15/2027

(g)

160‌

165‌

Midcap

Financial

Issuer

Trust

6.50%,

05/01/2028

(g)

2,095‌

2,178‌

Nationstar

Mortgage

Holdings

Inc

5.13%,

12/15/2030

(g)

562‌

561‌

5.50%,

08/15/2028

(g)

3,480‌

3,537‌

6.00%,

01/15/2027

(g)

4,950‌

5,160‌

Navient

Corp

5.00%,

03/15/2027

575‌

598‌

5.50%,

01/25/2023

929‌

974‌

5.63%,

08/01/2033

572‌

556‌

5.88%,

10/25/2024

1,078‌

1,177‌

6.13%,

03/25/2024

455‌

494‌

6.75%,

06/25/2025

250‌

278‌

6.75%,

06/15/2026

410‌

460‌

NFP

Corp

4.88%,

08/15/2028

(g)

8,770‌

8,923‌

6.88%,

08/15/2028

(g)

44,345‌

46,119‌

OneMain

Finance

Corp

4.00%,

09/15/2030

7,988‌

7,948‌

5.38%,

11/15/2029

485‌

533‌

5.63%,

03/15/2023

950‌

1,005‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Diversified

Financial

Services

(continued)

OneMain

Finance

Corp  

(continued)

6.13%,

03/15/2024

$

850‌

$

915‌

6.63%,

01/15/2028

12,320‌

14,229‌

6.88%,

03/15/2025

1,300‌

1,475‌

7.13%,

03/15/2026

1,204‌

1,418‌

8.25%,

10/01/2023

1,000‌

1,134‌

8.88%,

06/01/2025

1,040‌

1,144‌

Oxford

Finance

LLC

/

Oxford

Finance

Co-Issuer

II

Inc

6.38%,

12/15/2022

(g)

5,300‌

5,337‌

PennyMac

Financial

Services

Inc

4.25%,

02/15/2029

(g)

733‌

710‌

5.38%,

10/15/2025

(g)

2,120‌

2,225‌

PHH

Mortgage

Corp

7.88%,

03/15/2026

(g)

2,755‌

2,830‌

PRA

Group

Inc

7.38%,

09/01/2025

(g)

8‌

9‌

Provident

Funding

Associates

LP

/

PFG

Finance

Corp

6.38%,

06/15/2025

(g)

10,683‌

10,897‌

Quicken

Loans

LLC

5.25%,

01/15/2028

(g)

5,570‌

5,862‌

Quicken

Loans

LLC

/

Quicken

Loans

Co-Issuer

Inc

3.63%,

03/01/2029

(g)

366‌

367‌

3.88%,

03/01/2031

(g)

935‌

954‌

SLM

Corp

4.20%,

10/29/2025

480‌

518‌

StoneX

Group

Inc

8.63%,

06/15/2025

(g)

70‌

76‌

TMX

Finance

LLC

/

TitleMax

Finance

Corp

11.13%,

04/01/2023

(g)

15‌

15‌

United

Wholesale

Mortgage

LLC

5.50%,

11/15/2025

(g)

2,425‌

2,490‌

VistaJet

Malta

Finance

PLC

/

XO

Management

Holding

Inc

10.50%,

06/01/2024

(g)

488‌

530‌

$

173,064‌

Electric

-

1.18%

Calpine

Corp

3.75%,

03/01/2031

(g)

1,000‌

962‌

4.50%,

02/15/2028

(g)

1,295‌

1,334‌

4.63%,

02/01/2029

(g)

525‌

518‌

5.00%,

02/01/2031

(g)

927‌

936‌

5.13%,

03/15/2028

(g)

1,950‌

1,974‌

5.25%,

06/01/2026

(g)

1,150‌

1,183‌

Clearway

Energy

Operating

LLC

3.75%,

02/15/2031

(g)

960‌

960‌

4.75%,

03/15/2028

(g)

880‌

933‌

5.00%,

09/15/2026

169‌

173‌

DPL

Inc

4.13%,

07/01/2025

465‌

499‌

4.35%,

04/15/2029

800‌

877‌

Drax

Finco

PLC

6.63%,

11/01/2025

(g)

480‌

494‌

FirstEnergy

Corp

1.60%,

01/15/2026

715‌

711‌

2.05%,

03/01/2025

620‌

631‌

2.25%,

09/01/2030

765‌

755‌

2.65%,

03/01/2030

1,853‌

1,888‌

3.40%,

03/01/2050

1,225‌

1,230‌

4.25%,

03/15/2023

1,050‌

1,105‌

4.40%,

07/15/2027

1,564‌

1,743‌

5.35%,

07/15/2047

1,644‌

2,067‌

7.38%,

11/15/2031

1,605‌

2,243‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

75

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Electric

(continued)

FirstEnergy

Transmission

LLC

4.35%,

01/15/2025

(g)

$

832‌

$

925‌

4.55%,

04/01/2049

(g)

1,175‌

1,418‌

5.45%,

07/15/2044

(g)

138‌

180‌

InterGen

NV

7.00%,

06/30/2023

(g)

750‌

742‌

Midland

Cogeneration

Venture

LP

6.00%,

03/15/2025

(g)

262‌

271‌

NextEra

Energy

Operating

Partners

LP

3.88%,

10/15/2026

(g)

83‌

87‌

4.25%,

07/15/2024

(g)

480‌

505‌

4.50%,

09/15/2027

(g)

273‌

294‌

NRG

Energy

Inc

3.38%,

02/15/2029

(g)

810‌

806‌

3.63%,

02/15/2031

(g)

325‌

327‌

5.25%,

06/15/2029

(g)

1,340‌

1,437‌

5.75%,

01/15/2028

1,655‌

1,758‌

6.63%,

01/15/2027

1,293‌

1,339‌

7.25%,

05/15/2026

1,299‌

1,351‌

NSG

Holdings

LLC

/

NSG

Holdings

Inc

7.75%,

12/15/2025

(g)

75‌

80‌

Pattern

Energy

Operations

LP

/

Pattern

Energy

Operations

Inc

4.50%,

08/15/2028

(g)

565‌

583‌

PG&E

Corp

5.00%,

07/01/2028

(i)

400‌

389‌

5.25%,

07/01/2030

425‌

415‌

Talen

Energy

Supply

LLC

6.63%,

01/15/2028

(g)

760‌

675‌

7.25%,

05/15/2027

(g)

505‌

461‌

7.63%,

06/01/2028

(g)

1,053‌

961‌

TransAlta

Corp

4.50%,

11/15/2022

321‌

330‌

Vistra

Operations

Co

LLC

4.38%,

05/01/2029

(g)

2,590‌

2,655‌

5.00%,

07/31/2027

(g)

1,225‌

1,265‌

5.50%,

09/01/2026

(g)

1,325‌

1,365‌

5.63%,

02/15/2027

(g)

1,065‌

1,105‌

$

44,940‌

Electrical

Components

&

Equipment

-

0.21%

Energizer

Holdings

Inc

4.38%,

03/31/2029

(g)

415‌

418‌

4.75%,

06/15/2028

(g)

590‌

607‌

EnerSys

4.38%,

12/15/2027

(g)

490‌

512‌

5.00%,

04/30/2023

(g)

1,038‌

1,083‌

WESCO

Distribution

Inc

7.13%,

06/15/2025

(g)

3,790‌

4,074‌

7.25%,

06/15/2028

(g)

1,070‌

1,191‌

$

7,885‌

Electronics

-

0.19%

Atkore

Inc

4.25%,

06/01/2031

(g)

1,000‌

1,023‌

Brightstar

Escrow

Corp

9.75%,

10/15/2025

(g)

815‌

872‌

Imola

Merger

Corp

4.75%,

05/15/2029

(g)

2,000‌

2,064‌

Sensata

Technologies

BV

4.88%,

10/15/2023

(g)

675‌

722‌

5.00%,

10/01/2025

(g)

576‌

643‌

5.63%,

11/01/2024

(g)

890‌

991‌

Sensata

Technologies

Inc

3.75%,

02/15/2031

(g)

1,000‌

1,008‌

4.38%,

02/15/2030

(g)

29‌

31‌

$

7,354‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Energy

-

Alternate

Sources

-

0.09%

EnfraGen

Energia

Sur

SA

/

EnfraGen

Spain

SA

/

Prime

Energia

SpA

5.38%,

12/30/2030

(g)

$

1,180‌

$

1,177‌

Enviva

Partners

LP

/

Enviva

Partners

Finance

Corp

6.50%,

01/15/2026

(g)

205‌

212‌

TerraForm

Power

Operating

LLC

4.25%,

01/31/2023

(g)

220‌

226‌

4.75%,

01/15/2030

(g)

700‌

737‌

5.00%,

01/31/2028

(g)

1,120‌

1,209‌

$

3,561‌

Engineering

&

Construction

-

0.24%

AECOM

5.13%,

03/15/2027

750‌

834‌

Brand

Industrial

Services

Inc

8.50%,

07/15/2025

(g)

1,565‌

1,592‌

Fluor

Corp

3.50%,

12/15/2024

(i)

1,369‌

1,431‌

4.25%,

09/15/2028

(i)

505‌

521‌

Great

Lakes

Dredge

&

Dock

Corp

5.25%,

06/01/2029

(g)

475‌

489‌

MasTec

Inc

4.50%,

08/15/2028

(g)

485‌

512‌

New

Enterprise

Stone

&

Lime

Co

Inc

6.25%,

03/15/2026

(g)

569‌

583‌

9.75%,

07/15/2028

(g)

136‌

152‌

PowerTeam

Services

LLC

9.03%,

12/04/2025

(g)

595‌

655‌

TopBuild

Corp

3.63%,

03/15/2029

(g)

920‌

920‌

Tutor

Perini

Corp

6.88%,

05/01/2025

(g)

431‌

445‌

Weekley

Homes

LLC

/

Weekley

Finance

Corp

4.88%,

09/15/2028

(g)

860‌

889‌

$

9,023‌

Entertainment

-

3.11%

Affinity

Gaming

6.88%,

12/15/2027

(g)

1,255‌

1,331‌

Allen

Media

LLC

/

Allen

Media

Co-Issuer

Inc

10.50%,

02/15/2028

(g)

750‌

748‌

AMC

Entertainment

Holdings

Inc

10.50%,

04/15/2025

(g),(i)

1,245‌

1,324‌

Bally's

Corp

6.75%,

06/01/2027

(g)

95‌

103‌

Banijay

Entertainment

SASU

5.38%,

03/01/2025

(g)

190‌

196‌

Caesars

Entertainment

Inc

6.25%,

07/01/2025

(g)

2,867‌

3,025‌

8.13%,

07/01/2027

(g)

6,210‌

6,829‌

Caesars

Resort

Collection

LLC

/

CRC

Finco

Inc

5.25%,

10/15/2025

(g)

8,765‌

8,836‌

5.75%,

07/01/2025

(g)

6,050‌

6,360‌

CCM

Merger

Inc

6.38%,

05/01/2026

(g)

300‌

314‌

Cedar

Fair

LP

5.25%,

07/15/2029

1,276‌

1,296‌

Cedar

Fair

LP

/

Canada's

Wonderland

Co

/

Magnum

Management

Corp

5.38%,

06/01/2024

100‌

101‌

Cedar

Fair

LP

/

Canada's

Wonderland

Co

/

Magnum

Management

Corp

/

Millennium

Op

5.38%,

04/15/2027

925‌

944‌

5.50%,

05/01/2025

(g)

1,035‌

1,074‌

6.50%,

10/01/2028

(i)

275‌

296‌

Churchill

Downs

Inc

4.75%,

01/15/2028

(g)

905‌

938‌

5.50%,

04/01/2027

(g)

660‌

686‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

76

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Entertainment

(continued)

Cinemark

USA

Inc

5.25%,

07/15/2028

(g)

$

13,675‌

$

12,855‌

5.88%,

03/15/2026

(g)

3,861‌

3,793‌

8.75%,

05/01/2025

(g)

225‌

240‌

Cirsa

Finance

International

Sarl

7.88%,

12/20/2023

(g)

400‌

407‌

Downstream

Development

Authority

of

the

Quapaw

Tribe

of

Oklahoma

10.50%,

02/15/2023

(g)

475‌

495‌

Everi

Holdings

Inc

5.00%,

07/15/2029

(g)

5,100‌

5,215‌

Gateway

Casinos

&

Entertainment

Ltd

8.25%,

03/01/2024

(g)

310‌

310‌

Golden

Entertainment

Inc

7.63%,

04/15/2026

(g)

50‌

53‌

International

Game

Technology

PLC

6.25%,

01/15/2027

(g)

620‌

703‌

6.50%,

02/15/2025

(g)

1,010‌

1,127‌

Jacobs

Entertainment

Inc

7.88%,

02/01/2024

(g)

310‌

323‌

Lions

Gate

Capital

Holdings

LLC

5.50%,

04/15/2029

(g)

9,200‌

9,418‌

Live

Nation

Entertainment

Inc

3.75%,

01/15/2028

(g)

5,550‌

5,563‌

4.75%,

10/15/2027

(g)

5,057‌

5,164‌

4.88%,

11/01/2024

(g)

650‌

661‌

5.63%,

03/15/2026

(g)

4,139‌

4,309‌

6.50%,

05/15/2027

(g)

11,275‌

12,445‌

Merlin

Entertainments

Ltd

5.75%,

06/15/2026

(g)

565‌

589‌

Mohegan

Gaming

&

Entertainment

8.00%,

02/01/2026

(g)

2,720‌

2,832‌

Motion

Bondco

DAC

6.63%,

11/15/2027

(g)

888‌

901‌

Peninsula

Pacific

Entertainment

LLC

/

Peninsula

Pacific

Entertainment

Finance

Inc

8.50%,

11/15/2027

(g)

1,210‌

1,304‌

Powdr

Corp

6.00%,

08/01/2025

(g)

240‌

251‌

Scientific

Games

International

Inc

5.00%,

10/15/2025

(g)

972‌

997‌

7.00%,

05/15/2028

(g)

575‌

620‌

8.25%,

03/15/2026

(g)

900‌

955‌

8.63%,

07/01/2025

(g)

72‌

78‌

SeaWorld

Parks

&

Entertainment

Inc

9.50%,

08/01/2025

(g)

527‌

569‌

Six

Flags

Entertainment

Corp

4.88%,

07/31/2024

(g)

1,341‌

1,348‌

5.50%,

04/15/2027

(g)

375‌

387‌

Six

Flags

Theme

Parks

Inc

7.00%,

07/01/2025

(g)

595‌

635‌

Speedway

Motorsports

LLC

/

Speedway

Funding

II

Inc

4.88%,

11/01/2027

(g)

5,325‌

5,398‌

Vail

Resorts

Inc

6.25%,

05/15/2025

(g)

485‌

515‌

WMG

Acquisition

Corp

3.00%,

02/15/2031

(g)

808‌

783‌

3.88%,

07/15/2030

(g)

430‌

442‌

Wynn

Resorts

Finance

LLC

/

Wynn

Resorts

Capital

Corp

5.13%,

10/01/2029

(g)

780‌

811‌

7.75%,

04/15/2025

(g)

902‌

960‌

$

117,857‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Environmental

Control

-

0.93%

Clean

Harbors

Inc

4.88%,

07/15/2027

(g)

$

440‌

$

461‌

5.13%,

07/15/2029

(g)

300‌

326‌

Covanta

Holding

Corp

5.00%,

09/01/2030

3,065‌

3,289‌

6.00%,

01/01/2027

5,424‌

5,627‌

GFL

Environmental

Inc

3.50%,

09/01/2028

(g)

1,860‌

1,866‌

3.75%,

08/01/2025

(g)

1,070‌

1,098‌

4.00%,

08/01/2028

(g),(i)

1,225‌

1,211‌

4.25%,

06/01/2025

(g)

405‌

421‌

4.75%,

06/15/2029

(g)

7,500‌

7,752‌

5.13%,

12/15/2026

(g)

870‌

915‌

Harsco

Corp

5.75%,

07/31/2027

(g)

595‌

618‌

Madison

IAQ

LLC

5.88%,

06/30/2029

(g)

9,482‌

9,584‌

Stericycle

Inc

3.88%,

01/15/2029

(g)

700‌

710‌

5.38%,

07/15/2024

(g)

879‌

903‌

Waste

Pro

USA

Inc

5.50%,

02/15/2026

(g)

431‌

439‌

$

35,220‌

Food

-

2.77%

Albertsons

Cos

Inc

/

Safeway

Inc

/

New

Albertsons

LP

/

Albertsons

LLC

3.25%,

03/15/2026

(g)

1,500‌

1,536‌

3.50%,

02/15/2023

(g)

445‌

456‌

3.50%,

03/15/2029

(g)

1,846‌

1,864‌

4.63%,

01/15/2027

(g)

1,165‌

1,233‌

4.88%,

02/15/2030

(g)

1,035‌

1,120‌

5.88%,

02/15/2028

(g)

612‌

655‌

7.50%,

03/15/2026

(g)

955‌

1,041‌

B&G

Foods

Inc

5.25%,

09/15/2027

886‌

923‌

Chobani

LLC

/

Chobani

Finance

Corp

Inc

4.63%,

11/15/2028

(g)

3,575‌

3,719‌

7.50%,

04/15/2025

(g)

1,130‌

1,178‌

Dole

Food

Co

Inc

7.25%,

06/15/2025

(g)

656‌

669‌

FAGE

International

SA

/

FAGE

USA

Dairy

Industry

Inc

5.63%,

08/15/2026

(g)

375‌

386‌

Fresh

Market

Inc/The

9.75%,

05/01/2023

(g)

743‌

765‌

H-Food

Holdings

LLC

/

Hearthside

Finance

Co

Inc

8.50%,

06/01/2026

(g)

404‌

420‌

JBS

Finance

Luxembourg

Sarl

3.63%,

01/15/2032

(g)

2,190‌

2,205‌

JBS

USA

Food

Co

5.75%,

01/15/2028

(g)

1,300‌

1,370‌

7.00%,

01/15/2026

(g)

1,440‌

1,525‌

JBS

USA

LUX

SA

/

JBS

USA

Finance

Inc

6.75%,

02/15/2028

(g)

1,455‌

1,593‌

JBS

USA

LUX

SA

/

JBS

USA

Food

Co

/

JBS

USA

Finance

Inc

3.75%,

12/01/2031

(g)

2,430‌

2,497‌

5.50%,

01/15/2030

(g)

1,020‌

1,139‌

6.50%,

04/15/2029

(g)

1,845‌

2,066‌

KeHE

Distributors

LLC

/

KeHE

Finance

Corp

8.63%,

10/15/2026

(g)

702‌

763‌

Kraft

Heinz

Foods

Co

3.00%,

06/01/2026

1,679‌

1,787‌

3.88%,

05/15/2027

1,345‌

1,490‌

4.25%,

03/01/2031

1,588‌

1,832‌

4.38%,

06/01/2046

2,845‌

3,278‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

77

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Food

(continued)

Kraft

Heinz

Foods

Co  

(continued)

4.88%,

10/01/2049

$

1,750‌

$

2,183‌

5.00%,

06/04/2042

2,000‌

2,506‌

5.20%,

07/15/2045

2,210‌

2,799‌

5.50%,

06/01/2050

630‌

844‌

6.50%,

02/09/2040

1,000‌

1,428‌

6.88%,

01/26/2039

1,000‌

1,468‌

7.13%,

08/01/2039

(g)

1,000‌

1,491‌

Lamb

Weston

Holdings

Inc

4.63%,

11/01/2024

(g)

835‌

857‌

4.88%,

11/01/2026

(g)

1,235‌

1,274‌

4.88%,

05/15/2028

(g)

750‌

831‌

Nathan's

Famous

Inc

6.63%,

11/01/2025

(g)

135‌

138‌

Performance

Food

Group

Inc

4.25%,

08/01/2029

(g)

7,000‌

7,114‌

5.50%,

10/15/2027

(g)

9,694‌

10,097‌

6.88%,

05/01/2025

(g)

315‌

335‌

Pilgrim's

Pride

Corp

4.25%,

04/15/2031

(g)

2,000‌

2,127‌

5.88%,

09/30/2027

(g)

1,674‌

1,791‌

Post

Holdings

Inc

4.50%,

09/15/2031

(g)

10,374‌

10,499‌

4.63%,

04/15/2030

(g)

1,445‌

1,472‌

5.50%,

12/15/2029

(g)

665‌

712‌

5.63%,

01/15/2028

(g)

2,084‌

2,193‌

5.75%,

03/01/2027

(g)

1,183‌

1,231‌

Safeway

Inc

7.25%,

02/01/2031

200‌

236‌

Sigma

Holdco

BV

7.88%,

05/15/2026

(g),(i)

1,075‌

1,091‌

Simmons

Foods

Inc/Simmons

Prepared

Foods

Inc/Simmons

Pet

Food

Inc/Simmons

Feed

4.63%,

03/01/2029

(g)

6,980‌

7,047‌

TreeHouse

Foods

Inc

4.00%,

09/01/2028

720‌

721‌

United

Natural

Foods

Inc

6.75%,

10/15/2028

(g)

13‌

14‌

US

Foods

Inc

4.75%,

02/15/2029

(g)

4,105‌

4,187‌

6.25%,

04/15/2025

(g)

1,000‌

1,054‌

$

105,250‌

Food

Service

-

0.55%

Aramark

Services

Inc

5.00%,

04/01/2025

(g)

550‌

564‌

5.00%,

02/01/2028

(g)

5,340‌

5,548‌

6.38%,

05/01/2025

(g)

13,815‌

14,577‌

$

20,689‌

Forest

Products

&

Paper

-

0.08%

Clearwater

Paper

Corp

4.75%,

08/15/2028

(g)

545‌

551‌

Mercer

International

Inc

5.13%,

02/01/2029

750‌

764‌

5.50%,

01/15/2026

703‌

719‌

SpA

Holdings

3

Oy

4.88%,

02/04/2028

(g)

805‌

809‌

$

2,843‌

Gas

-

0.08%

AmeriGas

Partners

LP

/

AmeriGas

Finance

Corp

5.50%,

05/20/2025

437‌

482‌

5.63%,

05/20/2024

536‌

585‌

5.75%,

05/20/2027

621‌

700‌

5.88%,

08/20/2026

533‌

597‌

Rockpoint

Gas

Storage

Canada

Ltd

7.00%,

03/31/2023

(g)

493‌

502‌

$

2,866‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Hand

&

Machine

Tools

-

0.02%

Apex

Tool

Group

LLC

/

BC

Mountain

Finance

Inc

9.00%,

02/15/2023

(g)

$

250‌

$

251‌

Werner

FinCo

LP

/

Werner

FinCo

Inc

8.75%,

07/15/2025

(g)

375‌

390‌

$

641‌

Healthcare

-

Products

-

0.14%

Avantor

Funding

Inc

4.63%,

07/15/2028

(g)

1,250‌

1,316‌

Hologic

Inc

3.25%,

02/15/2029

(g)

2,150‌

2,172‌

Ortho-Clinical

Diagnostics

Inc

/

Ortho-Clinical

Diagnostics

SA

7.25%,

02/01/2028

(g)

663‌

722‌

Teleflex

Inc

4.25%,

06/01/2028

(g)

500‌

521‌

4.63%,

11/15/2027

565‌

596‌

$

5,327‌

Healthcare

-

Services

-

5.56%

Acadia

Healthcare

Co

Inc

5.00%,

04/15/2029

(g)

4,430‌

4,641‌

5.50%,

07/01/2028

(g)

4,325‌

4,612‌

Air

Methods

Corp

8.00%,

05/15/2025

(g)

1,740‌

1,640‌

Akumin

Escrow

Inc

7.50%,

08/01/2028

(g),(j)

4,550‌

4,550‌

Catalent

Pharma

Solutions

Inc

3.13%,

02/15/2029

(g)

2,350‌

2,303‌

5.00%,

07/15/2027

(g)

570‌

596‌

Centene

Corp

2.50%,

03/01/2031

1,960‌

1,962‌

3.00%,

10/15/2030

2,020‌

2,099‌

3.38%,

02/15/2030

2,565‌

2,676‌

4.25%,

12/15/2027

2,985‌

3,149‌

4.63%,

12/15/2029

4,400‌

4,822‌

5.38%,

06/01/2026

(g)

2,450‌

2,552‌

5.38%,

08/15/2026

(g)

800‌

833‌

Charles

River

Laboratories

International

Inc

3.75%,

03/15/2029

(g)

1,835‌

1,883‌

4.00%,

03/15/2031

(g)

110‌

116‌

4.25%,

05/01/2028

(g)

1,000‌

1,044‌

CHS/Community

Health

Systems

Inc

4.75%,

02/15/2031

(g)

6,585‌

6,684‌

5.63%,

03/15/2027

(g)

2,300‌

2,435‌

6.00%,

01/15/2029

(g)

377‌

401‌

6.13%,

04/01/2030

(g)

2,435‌

2,467‌

6.63%,

02/15/2025

(g)

1,500‌

1,573‌

6.88%,

04/15/2029

(g)

1,600‌

1,684‌

8.00%,

03/15/2026

(g)

1,874‌

2,009‌

DaVita

Inc

3.75%,

02/15/2031

(g)

11,320‌

10,978‌

4.63%,

06/01/2030

(g)

3,650‌

3,773‌

Encompass

Health

Corp

4.50%,

02/01/2028

735‌

763‌

4.63%,

04/01/2031

900‌

979‌

4.75%,

02/01/2030

1,946‌

2,077‌

Envision

Healthcare

Corp

8.75%,

10/15/2026

(g)

17,572‌

12,957‌

Global

Medical

Response

Inc

6.50%,

10/01/2025

(g)

1,100‌

1,141‌

HCA

Inc

3.50%,

09/01/2030

2,798‌

3,038‌

5.38%,

02/01/2025

2,682‌

3,040‌

5.38%,

09/01/2026

886‌

1,030‌

5.63%,

09/01/2028

2,070‌

2,489‌

5.88%,

05/01/2023

978‌

1,059‌

5.88%,

02/15/2026

1,210‌

1,407‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

78

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Healthcare

-

Services

(continued)

HCA

Inc  

(continued)

5.88%,

02/01/2029

$

1,310‌

$

1,601‌

7.50%,

11/06/2033

246‌

348‌

7.50%,

11/15/2095

165‌

245‌

7.69%,

06/15/2025

225‌

273‌

IQVIA

Inc

5.00%,

10/15/2026

(g)

1,062‌

1,091‌

5.00%,

05/15/2027

(g)

900‌

938‌

Legacy

LifePoint

Health

LLC

4.38%,

02/15/2027

(g)

4,160‌

4,170‌

6.75%,

04/15/2025

(g)

500‌

528‌

LifePoint

Health

Inc

5.38%,

01/15/2029

(g)

1,480‌

1,473‌

Magellan

Health

Inc

4.90%,

09/22/2024

325‌

361‌

MEDNAX

Inc

6.25%,

01/15/2027

(g)

810‌

853‌

ModivCare

Inc

5.88%,

11/15/2025

(g)

1,500‌

1,592‌

Molina

Healthcare

Inc

3.88%,

11/15/2030

(g)

1,835‌

1,943‌

4.38%,

06/15/2028

(g)

170‌

178‌

5.38%,

11/15/2022

1,125‌

1,172‌

Prime

Healthcare

Services

Inc

7.25%,

11/01/2025

(g)

950‌

1,020‌

Radiology

Partners

Inc

9.25%,

02/01/2028

(g)

12,340‌

13,297‌

RegionalCare

Hospital

Partners

Holdings

Inc

/

LifePoint

Health

Inc

9.75%,

12/01/2026

(g)

1,700‌

1,807‌

RP

Escrow

Issuer

LLC

5.25%,

12/15/2025

(g)

5,450‌

5,572‌

Select

Medical

Corp

6.25%,

08/15/2026

(g)

2,400‌

2,537‌

Surgery

Center

Holdings

Inc

6.75%,

07/01/2025

(g)

10,144‌

10,322‌

10.00%,

04/15/2027

(g)

9,172‌

9,997‌

Syneos

Health

Inc

3.63%,

01/15/2029

(g)

35‌

35‌

Tenet

Healthcare

Corp

4.63%,

07/15/2024

3,125‌

3,164‌

4.63%,

09/01/2024

(g)

2,170‌

2,219‌

4.63%,

06/15/2028

(g)

3,000‌

3,105‌

4.88%,

01/01/2026

(g)

6,325‌

6,531‌

5.13%,

11/01/2027

(g)

23,975‌

25,113‌

6.13%,

10/01/2028

(g)

2,590‌

2,758‌

6.25%,

02/01/2027

(g)

1,812‌

1,887‌

6.75%,

06/15/2023

1,943‌

2,108‌

6.88%,

11/15/2031

285‌

326‌

7.50%,

04/01/2025

(g)

570‌

613‌

US

Renal

Care

Inc

10.63%,

07/15/2027

(g)

414‌

450‌

$

211,089‌

Holding

Companies

-

Diversified

-

0.02%

Stena

International

SA

5.75%,

03/01/2024

(g)

325‌

336‌

6.13%,

02/01/2025

(g)

325‌

337‌

$

673‌

Home

Builders

-

0.51%

Ashton

Woods

USA

LLC

/

Ashton

Woods

Finance

Co

6.63%,

01/15/2028

(g)

900‌

961‌

6.75%,

08/01/2025

(g)

190‌

196‌

Beazer

Homes

USA

Inc

5.88%,

10/15/2027

245‌

255‌

6.75%,

03/15/2025

151‌

156‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Home

Builders

(continued)

Brookfield

Residential

Properties

Inc

/

Brookfield

Residential

US

LLC

4.88%,

02/15/2030

(g)

$

405‌

$

404‌

6.25%,

09/15/2027

(g)

1,554‌

1,641‌

Century

Communities

Inc

5.88%,

07/15/2025

711‌

731‌

6.75%,

06/01/2027

400‌

425‌

Empire

Communities

Corp

7.00%,

12/15/2025

(g)

35‌

37‌

Installed

Building

Products

Inc

5.75%,

02/01/2028

(g)

140‌

146‌

KB

Home

4.80%,

11/15/2029

144‌

157‌

6.88%,

06/15/2027

310‌

371‌

7.50%,

09/15/2022

474‌

506‌

7.63%,

05/15/2023

30‌

32‌

LGI

Homes

Inc

4.00%,

07/15/2029

(g)

1,750‌

1,775‌

M/I

Homes

Inc

4.95%,

02/01/2028

561‌

588‌

5.63%,

08/01/2025

231‌

237‌

Mattamy

Group

Corp

4.63%,

03/01/2030

(g)

1,115‌

1,155‌

5.25%,

12/15/2027

(g)

510‌

530‌

Meritage

Homes

Corp

6.00%,

06/01/2025

1,208‌

1,369‌

Picasso

Finance

Sub

Inc

6.13%,

06/15/2025

(g)

427‌

453‌

Shea

Homes

LP

/

Shea

Homes

Funding

Corp

4.75%,

02/15/2028

(g)

418‌

428‌

4.75%,

04/01/2029

(g)

70‌

72‌

Taylor

Morrison

Communities

Inc

5.13%,

08/01/2030

(g)

405‌

440‌

5.75%,

01/15/2028

(g)

355‌

400‌

6.63%,

07/15/2027

(g)

90‌

96‌

Taylor

Morrison

Communities

Inc

/

Taylor

Morrison

Holdings

II

Inc

5.63%,

03/01/2024

(g)

670‌

724‌

5.88%,

04/15/2023

(g)

566‌

600‌

Toll

Brothers

Finance

Corp

3.80%,

11/01/2029

320‌

346‌

4.35%,

02/15/2028

740‌

819‌

4.38%,

04/15/2023

811‌

847‌

4.88%,

03/15/2027

345‌

392‌

TRI

Pointe

Group

Inc

/

TRI

Pointe

Homes

Inc

5.88%,

06/15/2024

376‌

417‌

Tri

Pointe

Homes

Inc

5.25%,

06/01/2027

795‌

863‌

5.70%,

06/15/2028

43‌

48‌

Williams

Scotsman

International

Inc

4.63%,

08/15/2028

(g)

400‌

412‌

Winnebago

Industries

Inc

6.25%,

07/15/2028

(g)

249‌

268‌

$

19,297‌

Home

Furnishings

-

0.05%

Tempur

Sealy

International

Inc

4.00%,

04/15/2029

(g)

830‌

851‌

WASH

Multifamily

Acquisition

Inc

5.75%,

04/15/2026

(g)

1,000‌

1,046‌

$

1,897‌

Housewares

-

0.21%

CD&R

Smokey

Buyer

Inc

6.75%,

07/15/2025

(g)

505‌

538‌

Newell

Brands

Inc

4.00%,

12/01/2024

200‌

213‌

4.35%,

04/01/2023

1,892‌

1,977‌

4.70%,

04/01/2026

1,732‌

1,929‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

79

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Housewares

(continued)

Newell

Brands

Inc  

(continued)

4.88%,

06/01/2025

$

400‌

$

443‌

5.87%,

04/01/2036

375‌

476‌

6.00%,

04/01/2046

897‌

1,164‌

Scotts

Miracle-Gro

Co/The

4.00%,

04/01/2031

(g)

592‌

595‌

4.50%,

10/15/2029

500‌

521‌

5.25%,

12/15/2026

187‌

194‌

$

8,050‌

Insurance

-

2.81%

Acrisure

LLC

/

Acrisure

Finance

Inc

4.25%,

02/15/2029

(g)

1,860‌

1,811‌

7.00%,

11/15/2025

(g)

23,452‌

23,803‌

10.13%,

08/01/2026

(g)

497‌

557‌

Alliant

Holdings

Intermediate

LLC

/

Alliant

Holdings

Co-Issuer

4.25%,

10/15/2027

(g)

9,667‌

9,609‌

6.75%,

10/15/2027

(g)

1,392‌

1,453‌

AmWINS

Group

Inc

4.88%,

06/30/2029

(g)

7,575‌

7,727‌

Assurant

Inc

7.00%,

03/27/2048

(l)

415‌

483‌

3

Month

USD

LIBOR

+

4.14%

AssuredPartners

Inc

5.63%,

01/15/2029

(g)

8,683‌

8,620‌

7.00%,

08/15/2025

(g)

23,364‌

23,773‌

Genworth

Holdings

Inc

4.80%,

02/15/2024

383‌

381‌

4.90%,

08/15/2023

625‌

628‌

6.50%,

06/15/2034

150‌

154‌

GTCR

AP

Finance

Inc

8.00%,

05/15/2027

(g)

4,995‌

5,295‌

HUB

International

Ltd

7.00%,

05/01/2026

(g)

15,475‌

16,020‌

Liberty

Mutual

Group

Inc

4.30%,

02/01/2061

(g)

125‌

116‌

7.80%,

03/07/2087

(g)

505‌

677‌

3

Month

USD

LIBOR

+

3.58%

MGIC

Investment

Corp

5.25%,

08/15/2028

800‌

850‌

5.75%,

08/15/2023

622‌

670‌

Radian

Group

Inc

4.50%,

10/01/2024

1,353‌

1,446‌

4.88%,

03/15/2027

470‌

511‌

Sagicor

Financial

Co

Ltd

5.30%,

05/13/2028

(g)

1,520‌

1,596‌

USI

Inc/NY

6.88%,

05/01/2025

(g)

532‌

542‌

$

106,722‌

Internet

-

1.01%

ANGI

Group

LLC

3.88%,

08/15/2028

(g)

639‌

638‌

Arches

Buyer

Inc

6.13%,

12/01/2028

(g)

186‌

192‌

Cablevision

Lightpath

LLC

3.88%,

09/15/2027

(g)

2,115‌

2,099‌

5.63%,

09/15/2028

(g)

6,981‌

7,103‌

Cars.com

Inc

6.38%,

11/01/2028

(g)

402‌

428‌

Getty

Images

Inc

9.75%,

03/01/2027

(g)

268‌

287‌

Go

Daddy

Operating

Co

LLC

/

GD

Finance

Co

Inc

3.50%,

03/01/2029

(g)

700‌

701‌

5.25%,

12/01/2027

(g)

395‌

414‌

GrubHub

Holdings

Inc

5.50%,

07/01/2027

(g)

836‌

878‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Internet

(continued)

Match

Group

Holdings

II

LLC

4.13%,

08/01/2030

(g)

$

945‌

$

989‌

4.63%,

06/01/2028

(g)

505‌

530‌

5.00%,

12/15/2027

(g)

370‌

389‌

5.63%,

02/15/2029

(g)

695‌

760‌

Netflix

Inc

3.63%,

06/15/2025

(g)

475‌

510‌

4.38%,

11/15/2026

1,056‌

1,198‌

4.88%,

04/15/2028

1,926‌

2,251‌

4.88%,

06/15/2030

(g)

800‌

964‌

5.38%,

11/15/2029

(g)

1,049‌

1,294‌

5.75%,

03/01/2024

1,125‌

1,253‌

5.88%,

02/15/2025

725‌

835‌

5.88%,

11/15/2028

2,600‌

3,230‌

6.38%,

05/15/2029

1,000‌

1,285‌

NortonLifeLock

Inc

5.00%,

04/15/2025

(g)

2,000‌

2,028‌

Photo

Holdings

Merger

Sub

Inc

8.50%,

10/01/2026

(g)

885‌

967‌

Rakuten

Group

Inc

6.25%,

04/22/2031

(g),(l),(m)

1,000‌

1,028‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.96%

TripAdvisor

Inc

7.00%,

07/15/2025

(g)

405‌

432‌

Twitter

Inc

3.88%,

12/15/2027

(g)

565‌

604‌

Uber

Technologies

Inc

6.25%,

01/15/2028

(g)

4‌

4‌

7.50%,

05/15/2025

(g)

1,780‌

1,906‌

7.50%,

09/15/2027

(g)

945‌

1,033‌

8.00%,

11/01/2026

(g)

1,793‌

1,921‌

$

38,151‌

Investment

Companies

-

0.36%

Compass

Group

Diversified

Holdings

LLC

5.25%,

04/15/2029

(g)

1,035‌

1,074‌

FS

Energy

and

Power

Fund

7.50%,

08/15/2023

(g)

155‌

161‌

Icahn

Enterprises

LP

/

Icahn

Enterprises

Finance

Corp

4.38%,

02/01/2029

274‌

277‌

4.75%,

09/15/2024

1,295‌

1,350‌

5.25%,

05/15/2027

7,424‌

7,804‌

6.25%,

05/15/2026

1,200‌

1,261‌

6.38%,

12/15/2025

1,225‌

1,260‌

6.75%,

02/01/2024

515‌

526‌

$

13,713‌

Iron

&

Steel

-

1.75%

Allegheny

Technologies

Inc

5.88%,

12/01/2027

2,775‌

2,900‌

7.88%,

08/15/2023

6,426‌

7,026‌

ArcelorMittal

SA

4.25%,

07/16/2029

465‌

525‌

7.00%,

03/01/2041

570‌

818‌

7.25%,

10/15/2039

1,041‌

1,521‌

Baffinland

Iron

Mines

Corp

/

Baffinland

Iron

Mines

LP

8.75%,

07/15/2026

(g)

22,732‌

24,203‌

Big

River

Steel

LLC

/

BRS

Finance

Corp

6.63%,

01/31/2029

(g)

7,730‌

8,493‌

Carpenter

Technology

Corp

6.38%,

07/15/2028

369‌

406‌

Cleveland-Cliffs

Inc

5.88%,

06/01/2027

566‌

597‌

6.25%,

10/01/2040

215‌

232‌

6.75%,

03/15/2026

(g)

4,655‌

5,021‌

9.88%,

10/17/2025

(g)

728‌

851‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

80

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Iron

&

Steel

(continued)

Commercial

Metals

Co

4.88%,

05/15/2023

$

766‌

$

804‌

5.38%,

07/15/2027

154‌

162‌

Infrabuild

Australia

Pty

Ltd

12.00%,

10/01/2024

(g),(i)

295‌

314‌

Mineral

Resources

Ltd

8.13%,

05/01/2027

(g)

1,075‌

1,176‌

Specialty

Steel

11.00%,

11/15/2026

(e),(f)

8,680‌

8,680‌

United

States

Steel

Corp

6.25%,

03/15/2026

(i)

547‌

564‌

6.65%,

06/01/2037

900‌

972‌

6.88%,

08/15/2025

614‌

626‌

6.88%,

03/01/2029

476‌

517‌

$

66,408‌

Leisure

Products

&

Services

-

0.89%

Carlson

Travel

Inc

6.75%,

12/15/2025

(g)

4,450‌

4,049‌

9.50%,

PIK

2.00%;

12/15/2026

(g),(k)

5,396‌

2,536‌

10.50%,

03/31/2025

(g),(h)

490‌

511‌

Carnival

Corp

4.00%,

08/01/2028

(g)

2,305‌

2,296‌

5.75%,

03/01/2027

(g)

2,195‌

2,231‌

7.63%,

03/01/2026

(g)

915‌

966‌

9.88%,

08/01/2027

(g)

1,176‌

1,346‌

10.50%,

02/01/2026

(g)

625‌

716‌

11.50%,

04/01/2023

(g)

1,027‌

1,158‌

Constellation

Merger

Sub

Inc

8.50%,

09/15/2025

(g)

1,580‌

1,554‌

NCL

Corp

Ltd

3.63%,

12/15/2024

(g)

955‌

908‌

5.88%,

03/15/2026

(g)

755‌

761‌

10.25%,

02/01/2026

(g)

605‌

691‌

12.25%,

05/15/2024

(g)

865‌

1,021‌

Royal

Caribbean

Cruises

Ltd

3.70%,

03/15/2028

(i)

595‌

562‌

5.25%,

11/15/2022

1,175‌

1,207‌

7.50%,

10/15/2027

(i)

930‌

1,063‌

9.13%,

06/15/2023

(g)

1,350‌

1,468‌

10.88%,

06/01/2023

(g)

1,035‌

1,175‌

11.50%,

06/01/2025

(g)

2,065‌

2,364‌

Viking

Cruises

Ltd

5.88%,

09/15/2027

(g)

1,300‌

1,235‌

6.25%,

05/15/2025

(g)

52‌

52‌

7.00%,

02/15/2029

(g)

835‌

839‌

13.00%,

05/15/2025

(g)

700‌

812‌

Viking

Ocean

Cruises

Ship

VII

Ltd

5.63%,

02/15/2029

(g)

1,165‌

1,165‌

Vista

Outdoor

Inc

4.50%,

03/15/2029

(g)

545‌

555‌

VOC

Escrow

Ltd

5.00%,

02/15/2028

(g)

545‌

541‌

$

33,782‌

Lodging

-

1.68%

Boyd

Gaming

Corp

4.75%,

12/01/2027

825‌

855‌

4.75%,

06/15/2031

(g)

12,765‌

13,208‌

8.63%,

06/01/2025

(g)

500‌

545‌

Diamond

Resorts

International

Inc

7.75%,

09/01/2023

(g)

550‌

562‌

10.75%,

09/01/2024

(g)

935‌

964‌

Hilton

Domestic

Operating

Co

Inc

3.63%,

02/15/2032

(g)

1,890‌

1,885‌

3.75%,

05/01/2029

(g)

1,050‌

1,061‌

4.00%,

05/01/2031

(g)

1,500‌

1,535‌

4.88%,

01/15/2030

1,510‌

1,620‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Lodging

(continued)

Hilton

Domestic

Operating

Co

Inc  

(continued)

5.38%,

05/01/2025

(g)

$

2,053‌

$

2,146‌

5.75%,

05/01/2028

(g)

612‌

658‌

Hilton

Grand

Vacations

Borrower

Escrow

LLC

/

Hilton

Grand

Vacations

Borrower

Esc

5.00%,

06/01/2029

(g)

1,826‌

1,843‌

Hilton

Grand

Vacations

Borrower

LLC

/

Hilton

Grand

Vacations

Borrower

Inc

6.13%,

12/01/2024

369‌

384‌

Hilton

Worldwide

Finance

LLC

/

Hilton

Worldwide

Finance

Corp

4.88%,

04/01/2027

520‌

538‌

Marriott

Ownership

Resorts

Inc

4.75%,

01/15/2028

275‌

278‌

6.13%,

09/15/2025

(g)

763‌

807‌

Marriott

Ownership

Resorts

Inc

/

ILG

LLC

6.50%,

09/15/2026

291‌

302‌

Melco

Resorts

Finance

Ltd

5.38%,

12/04/2029

(g)

1,030‌

1,062‌

5.75%,

07/21/2028

(g)

1,305‌

1,352‌

MGM

China

Holdings

Ltd

5.25%,

06/18/2025

(g)

405‌

415‌

5.38%,

05/15/2024

(g)

730‌

742‌

5.88%,

05/15/2026

(g)

970‌

1,006‌

MGM

Resorts

International

4.63%,

09/01/2026

415‌

433‌

4.75%,

10/15/2028

675‌

711‌

5.50%,

04/15/2027

533‌

579‌

5.75%,

06/15/2025

700‌

762‌

6.00%,

03/15/2023

1,295‌

1,368‌

6.75%,

05/01/2025

1,800‌

1,910‌

Station

Casinos

LLC

4.50%,

02/15/2028

(g)

1,225‌

1,231‌

5.00%,

10/01/2025

(g)

4,614‌

4,666‌

Studio

City

Finance

Ltd

5.00%,

01/15/2029

(g)

2,150‌

2,118‌

6.00%,

07/15/2025

(g)

905‌

944‌

6.50%,

01/15/2028

(g)

1,005‌

1,053‌

Travel

+

Leisure

Co

3.90%,

03/01/2023

82‌

83‌

4.63%,

03/01/2030

(g)

12‌

12‌

5.65%,

04/01/2024

266‌

285‌

6.00%,

04/01/2027

280‌

303‌

6.63%,

07/31/2026

(g)

1,070‌

1,194‌

Universal

Entertainment

Corp

8.50%,

12/11/2024

(g)

1,000‌

1,050‌

Wyndham

Hotels

&

Resorts

Inc

4.38%,

08/15/2028

(g)

720‌

744‌

Wynn

Las

Vegas

LLC

/

Wynn

Las

Vegas

Capital

Corp

4.25%,

05/30/2023

(g)

645‌

661‌

5.25%,

05/15/2027

(g)

1,395‌

1,464‌

5.50%,

03/01/2025

(g)

1,865‌

1,972‌

Wynn

Macau

Ltd

4.88%,

10/01/2024

(g)

1,025‌

1,030‌

5.13%,

12/15/2029

(g)

1,510‌

1,525‌

5.50%,

01/15/2026

(g)

1,395‌

1,444‌

5.50%,

10/01/2027

(g)

815‌

837‌

5.63%,

08/26/2028

(g)

1,500‌

1,538‌

$

63,685‌

Machinery

-

Construction

&

Mining

-

0.09%

BWX

Technologies

Inc

4.13%,

06/30/2028

(g)

1,557‌

1,596‌

Manitowoc

Co

Inc/The

9.00%,

04/01/2026

(g)

225‌

243‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

81

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Machinery

-

Construction

&

Mining

(continued)

Terex

Corp

5.00%,

05/15/2029

(g)

$

1,405‌

$

1,456‌

$

3,295‌

Machinery

-

Diversified

-

0.83%

ATS

Automation

Tooling

Systems

Inc

4.13%,

12/15/2028

(g)

154‌

157‌

Cleaver-Brooks

Inc

7.88%,

03/01/2023

(g)

416‌

411‌

Colfax

Corp

6.38%,

02/15/2026

(g)

237‌

250‌

Husky

III

Holding

Ltd

13.00%,

PIK

13.75%;

02/15/2025

(g),(h),(k)

113‌

122‌

JPW

Industries

Holding

Corp

9.00%,

10/01/2024

(g),(i)

5,945‌

6,227‌

RBS

Global

Inc

/

Rexnord

LLC

4.88%,

12/15/2025

(g)

442‌

451‌

SPX

FLOW

Inc

5.88%,

08/15/2026

(g)

1,000‌

1,033‌

Stevens

Holding

Co

Inc

6.13%,

10/01/2026

(g)

1,063‌

1,140‌

Titan

Acquisition

Ltd

/

Titan

Co-Borrower

LLC

7.75%,

04/15/2026

(g)

18,709‌

19,255‌

TK

Elevator

US

Newco

Inc

5.25%,

07/15/2027

(g)

1,785‌

1,885‌

Vertical

Holdco

GmbH

7.63%,

07/15/2028

(g)

360‌

390‌

$

31,321‌

Media

-

5.99%

Altice

Financing

SA

5.00%,

01/15/2028

(g)

1,245‌

1,223‌

AMC

Networks

Inc

4.25%,

02/15/2029

2,120‌

2,120‌

4.75%,

08/01/2025

830‌

851‌

5.00%,

04/01/2024

477‌

484‌

Audacy

Capital

Corp

6.50%,

05/01/2027

(g),(i)

356‌

367‌

6.75%,

03/31/2029

(g)

2,000‌

2,040‌

Belo

Corp

7.25%,

09/15/2027

170‌

198‌

CCO

Holdings

LLC

/

CCO

Holdings

Capital

Corp

4.00%,

03/01/2023

(g)

515‌

519‌

4.25%,

02/01/2031

(g)

3,925‌

4,050‌

4.50%,

08/15/2030

(g)

4,142‌

4,349‌

4.50%,

05/01/2032

3,260‌

3,411‌

4.50%,

06/01/2033

(g)

1,900‌

1,978‌

4.75%,

03/01/2030

(g)

4,995‌

5,294‌

5.00%,

02/01/2028

(g)

5,900‌

6,186‌

5.13%,

05/01/2027

(g)

3,334‌

3,488‌

5.38%,

06/01/2029

(g)

1,920‌

2,090‌

5.50%,

05/01/2026

(g)

1,280‌

1,323‌

5.75%,

02/15/2026

(g)

4,061‌

4,199‌

Cengage

Learning

Inc

9.50%,

06/15/2024

(g)

718‌

736‌

Clear

Channel

Worldwide

Holdings

Inc

5.13%,

08/15/2027

(g)

1,295‌

1,330‌

CSC

Holdings

LLC

3.38%,

02/15/2031

(g)

1,250‌

1,187‌

4.13%,

12/01/2030

(g)

1,640‌

1,644‌

4.50%,

11/15/2031

(g)

500‌

504‌

4.63%,

12/01/2030

(g)

19,890‌

19,591‌

5.00%,

11/15/2031

(g)

500‌

503‌

5.25%,

06/01/2024

1,136‌

1,227‌

5.38%,

02/01/2028

(g)

1,100‌

1,162‌

5.50%,

04/15/2027

(g)

1,436‌

1,502‌

5.75%,

01/15/2030

(g)

3,707‌

3,864‌

5.88%,

09/15/2022

523‌

547‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Media

(continued)

CSC

Holdings

LLC  

(continued)

6.50%,

02/01/2029

(g)

$

2,959‌

$

3,264‌

7.50%,

04/01/2028

(g)

5,620‌

6,129‌

Cumulus

Media

New

Holdings

Inc

6.75%,

07/01/2026

(g),(i)

516‌

544‌

Diamond

Sports

Group

LLC

/

Diamond

Sports

Finance

Co

5.38%,

08/15/2026

(g)

1,460‌

847‌

DISH

DBS

Corp

5.00%,

03/15/2023

1,779‌

1,852‌

5.13%,

06/01/2029

(g)

2,490‌

2,468‌

5.88%,

11/15/2024

2,844‌

3,064‌

7.38%,

07/01/2028

2,135‌

2,310‌

7.75%,

07/01/2026

2,805‌

3,201‌

GCI

LLC

4.75%,

10/15/2028

(g)

170‌

177‌

Gray

Television

Inc

4.75%,

10/15/2030

(g)

1,065‌

1,056‌

5.88%,

07/15/2026

(g)

640‌

660‌

7.00%,

05/15/2027

(g)

735‌

787‌

iHeartCommunications

Inc

4.75%,

01/15/2028

(g)

1,005‌

1,041‌

5.25%,

08/15/2027

(g)

991‌

1,033‌

6.38%,

05/01/2026

775‌

818‌

8.38%,

05/01/2027

1,623‌

1,727‌

LCPR

Senior

Secured

Financing

DAC

6.75%,

10/15/2027

(g)

1,100‌

1,174‌

Liberty

Interactive

LLC

8.25%,

02/01/2030

435‌

496‌

8.50%,

07/15/2029

326‌

374‌

Meredith

Corp

6.50%,

07/01/2025

(g)

5‌

5‌

Midcontinent

Communications

/

Midcontinent

Finance

Corp

5.38%,

08/15/2027

(g)

20‌

21‌

Nexstar

Media

Inc

4.75%,

11/01/2028

(g)

10,407‌

10,732‌

5.63%,

07/15/2027

(g)

14,150‌

14,960‌

Quebecor

Media

Inc

5.75%,

01/15/2023

1,285‌

1,378‌

Radiate

Holdco

LLC

/

Radiate

Finance

Inc

4.50%,

09/15/2026

(g)

931‌

964‌

6.50%,

09/15/2028

(g)

800‌

831‌

Scripps

Escrow

II

Inc

3.88%,

01/15/2029

(g)

135‌

135‌

5.38%,

01/15/2031

(g)

4,723‌

4,712‌

Scripps

Escrow

Inc

5.88%,

07/15/2027

(g)

4,676‌

4,840‌

Sinclair

Television

Group

Inc

5.13%,

02/15/2027

(g)

418‌

416‌

5.50%,

03/01/2030

(g),(i)

1,000‌

999‌

5.88%,

03/15/2026

(g)

270‌

277‌

Sirius

XM

Radio

Inc

3.88%,

08/01/2022

(g)

768‌

768‌

4.00%,

07/15/2028

(g)

8,280‌

8,542‌

4.13%,

07/01/2030

(g)

1,550‌

1,599‌

4.63%,

07/15/2024

(g)

1,150‌

1,177‌

5.00%,

08/01/2027

(g)

2,331‌

2,436‌

5.38%,

07/15/2026

(g)

5,475‌

5,653‌

5.50%,

07/01/2029

(g)

1,388‌

1,520‌

SportsNet

New

York

10.25%,

01/15/2025

(e),(f)

4,130‌

4,166‌

TEGNA

Inc

4.63%,

03/15/2028

764‌

787‌

4.75%,

03/15/2026

(g)

200‌

212‌

5.00%,

09/15/2029

2,315‌

2,419‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

82

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Media

(continued)

Telenet

Finance

Luxembourg

Notes

Sarl

5.50%,

03/01/2028

(g)

$

1,000‌

$

1,053‌

Univision

Communications

Inc

4.50%,

05/01/2029

(g)

1,600‌

1,604‌

5.13%,

02/15/2025

(g)

1,959‌

1,989‌

6.63%,

06/01/2027

(g)

2,224‌

2,391‌

9.50%,

05/01/2025

(g)

80‌

87‌

UPC

Holding

BV

5.50%,

01/15/2028

(g)

430‌

453‌

Urban

One

Inc

7.38%,

02/01/2028

(g)

5‌

5‌

ViacomCBS

Inc

6.25%,

02/28/2057

(l)

1,712‌

1,960‌

3

Month

USD

LIBOR

+

3.90%

Videotron

Ltd

3.63%,

06/15/2029

(g)

1,380‌

1,415‌

5.13%,

04/15/2027

(g)

664‌

692‌

5.38%,

06/15/2024

(g)

1,017‌

1,121‌

Virgin

Media

Finance

PLC

5.00%,

07/15/2030

(g)

14,876‌

15,136‌

Virgin

Media

Secured

Finance

PLC

4.50%,

08/15/2030

(g)

525‌

529‌

5.50%,

05/15/2029

(g)

1,215‌

1,298‌

Virgin

Media

Vendor

Financing

Notes

IV

DAC

5.00%,

07/15/2028

(g)

405‌

412‌

Ziggo

Bond

Co

BV

5.13%,

02/28/2030

(g)

4,855‌

4,989‌

6.00%,

01/15/2027

(g)

2,600‌

2,708‌

Ziggo

BV

4.88%,

01/15/2030

(g)

1,015‌

1,047‌

5.50%,

01/15/2027

(g)

7,410‌

7,682‌

$

227,109‌

Metal

Fabrication

&

Hardware

-

0.02%

Grinding

Media

Inc

/

Moly-Cop

AltaSteel

Ltd

7.38%,

12/15/2023

(g)

835‌

845‌

Mining

-

1.93%

Alcoa

Nederland

Holding

BV

5.50%,

12/15/2027

(g)

605‌

653‌

6.13%,

05/15/2028

(g)

430‌

470‌

7.00%,

09/30/2026

(g)

580‌

605‌

Arconic

Corp

6.00%,

05/15/2025

(g)

565‌

597‌

6.13%,

02/15/2028

(g)

17,697‌

18,848‌

Celtic

Resources

Holdings

DAC

4.13%,

10/09/2024

(g)

1,000‌

1,054‌

Century

Aluminum

Co

7.50%,

04/01/2028

(g)

12,475‌

13,317‌

Coeur

Mining

Inc

5.13%,

02/15/2029

(g)

895‌

869‌

Compass

Minerals

International

Inc

4.88%,

07/15/2024

(g)

1,260‌

1,306‌

6.75%,

12/01/2027

(g)

353‌

378‌

Constellium

SE

3.75%,

04/15/2029

(g)

3,450‌

3,441‌

5.63%,

06/15/2028

(g)

1,250‌

1,332‌

5.88%,

02/15/2026

(g)

500‌

513‌

FMG

Resources

August

2006

Pty

Ltd

4.38%,

04/01/2031

(g)

500‌

544‌

4.50%,

09/15/2027

(g)

485‌

529‌

5.13%,

05/15/2024

(g)

1,242‌

1,341‌

Freeport-McMoRan

Inc

3.55%,

03/01/2022

430‌

433‌

3.88%,

03/15/2023

525‌

544‌

4.13%,

03/01/2028

725‌

759‌

4.25%,

03/01/2030

485‌

523‌

4.38%,

08/01/2028

525‌

556‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Mining

(continued)

Freeport-McMoRan

Inc  

(continued)

4.55%,

11/14/2024

$

590‌

$

642‌

4.63%,

08/01/2030

1,053‌

1,157‌

5.00%,

09/01/2027

258‌

272‌

5.25%,

09/01/2029

485‌

535‌

5.40%,

11/14/2034

1,005‌

1,278‌

5.45%,

03/15/2043

1,510‌

1,941‌

Hecla

Mining

Co

7.25%,

02/15/2028

55‌

60‌

Joseph

T

Ryerson

&

Son

Inc

8.50%,

08/01/2028

(g)

3,345‌

3,696‌

JW

Aluminum

Continuous

Cast

Co

10.25%,

06/01/2026

(g)

435‌

457‌

Kaiser

Aluminum

Corp

4.63%,

03/01/2028

(g)

310‌

324‌

Northwest

Acquisitions

ULC

/

Dominion

Finco

Inc

0.00%,

11/01/2022

(d),(g)

15,820‌

2‌

Novelis

Corp

4.75%,

01/30/2030

(g)

7,095‌

7,555‌

5.88%,

09/30/2026

(g)

1,705‌

1,769‌

Perenti

Finance

Pty

Ltd

6.50%,

10/07/2025

(g),(i)

335‌

351‌

Real

Alloy

Holding

Inc

11.00%,

11/30/2023

(e),(f),(h)

4,697‌

4,697‌

$

73,348‌

Miscellaneous

Manufacturers

-

0.26%

Amsted

Industries

Inc

5.63%,

07/01/2027

(g)

495‌

520‌

Bombardier

Inc

7.13%,

06/15/2026

(g)

1,100‌

1,144‌

7.45%,

05/01/2034

(g)

200‌

227‌

7.50%,

12/01/2024

(g)

900‌

935‌

7.50%,

03/15/2025

(g),(i)

1,123‌

1,144‌

7.88%,

04/15/2027

(g)

1,755‌

1,817‌

FXI

Holdings

Inc

7.88%,

11/01/2024

(g)

543‌

557‌

12.25%,

11/15/2026

(g)

693‌

788‌

Gates

Global

LLC

/

Gates

Corp

6.25%,

01/15/2026

(g)

680‌

706‌

Hillenbrand

Inc

4.50%,

09/15/2026

1,260‌

1,401‌

LSB

Industries

Inc

9.63%,

05/01/2023

(g),(i)

535‌

553‌

Trinity

Industries

Inc

4.55%,

10/01/2024

230‌

244‌

$

10,036‌

Office

&

Business

Equipment

-

0.18%

CDW

LLC

/

CDW

Finance

Corp

3.25%,

02/15/2029

1,090‌

1,094‌

4.13%,

05/01/2025

300‌

311‌

4.25%,

04/01/2028

485‌

504‌

5.50%,

12/01/2024

920‌

1,013‌

Pitney

Bowes

Inc

6.88%,

03/15/2027

(g)

120‌

127‌

7.25%,

03/15/2029

(g)

1,354‌

1,452‌

Xerox

Corp

3.80%,

05/15/2024

215‌

225‌

4.38%,

03/15/2023

715‌

747‌

4.80%,

03/01/2035

350‌

357‌

6.75%,

12/15/2039

280‌

315‌

Xerox

Holdings

Corp

5.00%,

08/15/2025

(g)

430‌

458‌

5.50%,

08/15/2028

(g)

250‌

264‌

$

6,867‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

83

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Oil

&

Gas

-

6.04%

Aethon

United

BR

LP

/

Aethon

United

Finance

Corp

8.25%,

02/15/2026

(g)

$

750‌

$

802‌

Antero

Resources

Corp

5.00%,

03/01/2025

(i)

450‌

458‌

7.63%,

02/01/2029

(g)

480‌

526‌

8.38%,

07/15/2026

(g)

480‌

543‌

Apache

Corp

4.25%,

01/15/2030

755‌

787‌

4.25%,

01/15/2044

645‌

632‌

4.38%,

10/15/2028

423‌

448‌

4.63%,

11/15/2025

376‌

404‌

4.75%,

04/15/2043

954‌

980‌

4.88%,

11/15/2027

2,910‌

3,128‌

5.10%,

09/01/2040

1,570‌

1,684‌

5.25%,

02/01/2042

815‌

876‌

5.35%,

07/01/2049

765‌

806‌

6.00%,

01/15/2037

735‌

845‌

Ascent

Resources

Utica

Holdings

LLC

/

ARU

Finance

Corp

7.00%,

11/01/2026

(g)

900‌

929‌

9.00%,

11/01/2027

(g)

479‌

656‌

Baytex

Energy

Corp

5.63%,

06/01/2024

(g)

438‌

437‌

8.75%,

04/01/2027

(g)

100‌

100‌

California

Resources

Corp

7.13%,

02/01/2026

(g)

30‌

31‌

Callon

Petroleum

Co

6.13%,

10/01/2024

195‌

182‌

6.38%,

07/01/2026

665‌

595‌

8.25%,

07/15/2025

1,000‌

940‌

Calumet

Specialty

Products

Partners

LP

/

Calumet

Finance

Corp

7.75%,

04/15/2023

365‌

361‌

9.25%,

07/15/2024

(g)

580‌

632‌

11.00%,

04/15/2025

(g)

440‌

487‌

Centennial

Resource

Production

LLC

5.38%,

01/15/2026

(g)

150‌

144‌

6.88%,

04/01/2027

(g),(i)

200‌

197‌

Chesapeake

Energy

Corp

5.50%,

02/01/2026

(g)

1,500‌

1,564‌

5.88%,

02/01/2029

(g)

900‌

956‌

CNX

Resources

Corp

6.00%,

01/15/2029

(g)

520‌

551‌

7.25%,

03/14/2027

(g)

525‌

559‌

Colgate

Energy

Partners

III

LLC

5.88%,

07/01/2029

(g)

3,750‌

3,891‌

Comstock

Resources

Inc

5.88%,

01/15/2030

(g)

4,025‌

4,049‌

6.75%,

03/01/2029

(g)

2,675‌

2,795‌

7.50%,

05/15/2025

(g)

605‌

626‌

Continental

Resources

Inc/OK

3.80%,

06/01/2024

1,395‌

1,463‌

4.38%,

01/15/2028

825‌

914‌

4.50%,

04/15/2023

541‌

563‌

4.90%,

06/01/2044

550‌

635‌

5.75%,

01/15/2031

(g)

1,305‌

1,573‌

CrownRock

LP

/

CrownRock

Finance

Inc

5.00%,

05/01/2029

(g)

1,950‌

2,035‌

5.63%,

10/15/2025

(g)

1,354‌

1,388‌

CVR

Energy

Inc

5.25%,

02/15/2025

(g)

385‌

374‌

5.75%,

02/15/2028

(g),(i)

300‌

291‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Oil

&

Gas

(continued)

Endeavor

Energy

Resources

LP

/

EER

Finance

Inc

5.50%,

01/30/2026

(g)

$

917‌

$

946‌

5.75%,

01/30/2028

(g)

850‌

889‌

6.63%,

07/15/2025

(g)

485‌

513‌

Ensign

Drilling

Inc

9.25%,

04/15/2024

(g)

620‌

567‌

EQT

Corp

3.00%,

10/01/2022

588‌

596‌

3.90%,

10/01/2027

1,675‌

1,815‌

5.00%,

01/15/2029

365‌

413‌

7.63%,

02/01/2025

1,000‌

1,155‌

8.50%,

02/01/2030

1,175‌

1,543‌

Global

Marine

Inc

7.00%,

06/01/2028

1,500‌

1,015‌

Hilcorp

Energy

I

LP

/

Hilcorp

Finance

Co

5.75%,

10/01/2025

(g)

1,120‌

1,131‌

5.75%,

02/01/2029

(g)

3,190‌

3,248‌

6.00%,

02/01/2031

(g)

4,945‌

5,161‌

6.25%,

11/01/2028

(g)

385‌

402‌

Indigo

Natural

Resources

LLC

5.38%,

02/01/2029

(g)

700‌

730‌

Laredo

Petroleum

Inc

9.50%,

01/15/2025

1,800‌

1,850‌

10.13%,

01/15/2028

800‌

842‌

Magnolia

Oil

&

Gas

Operating

LLC

/

Magnolia

Oil

&

Gas

Finance

Corp

6.00%,

08/01/2026

(g)

374‌

381‌

Matador

Resources

Co

5.88%,

09/15/2026

1,050‌

1,067‌

MEG

Energy

Corp

5.88%,

02/01/2029

(g)

8,920‌

9,210‌

6.50%,

01/15/2025

(g)

637‌

657‌

7.13%,

02/01/2027

(g)

7,705‌

8,085‌

Moss

Creek

Resources

Holdings

Inc

7.50%,

01/15/2026

(g)

709‌

635‌

10.50%,

05/15/2027

(g)

410‌

394‌

Murphy

Oil

Corp

5.75%,

08/15/2025

336‌

343‌

6.37%,

12/01/2042

245‌

244‌

6.38%,

07/15/2028

1,295‌

1,369‌

6.88%,

08/15/2024

90‌

92‌

Nabors

Industries

Inc

5.75%,

02/01/2025

595‌

506‌

9.00%,

02/01/2025

(g)

15‌

15‌

Nabors

Industries

Ltd

7.25%,

01/15/2026

(g)

1,080‌

1,010‌

Neptune

Energy

Bondco

PLC

6.63%,

05/15/2025

(g)

800‌

813‌

Oasis

Petroleum

Inc

6.38%,

06/01/2026

(g)

965‌

999‌

Occidental

Petroleum

Corp

3.00%,

02/15/2027

7,941‌

7,881‌

3.20%,

08/15/2026

1,625‌

1,613‌

3.40%,

04/15/2026

1,225‌

1,237‌

3.45%,

07/15/2024

200‌

202‌

3.50%,

06/15/2025

660‌

672‌

3.50%,

08/15/2029

4,725‌

4,714‌

4.20%,

03/15/2048

1,410‌

1,350‌

4.30%,

08/15/2039

1,000‌

991‌

4.40%,

04/15/2046

1,925‌

1,889‌

4.40%,

08/15/2049

95‌

92‌

4.50%,

07/15/2044

1,090‌

1,074‌

4.63%,

06/15/2045

1,146‌

1,150‌

5.50%,

12/01/2025

780‌

858‌

5.55%,

03/15/2026

975‌

1,067‌

5.88%,

09/01/2025

700‌

776‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

84

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Oil

&

Gas

(continued)

Occidental

Petroleum

Corp  

(continued)

6.13%,

01/01/2031

$

5,441‌

$

6,428‌

6.20%,

03/15/2040

1,555‌

1,800‌

6.38%,

09/01/2028

2,020‌

2,353‌

6.45%,

09/15/2036

22,941‌

27,698‌

6.60%,

03/15/2046

2,555‌

3,143‌

6.63%,

09/01/2030

3,480‌

4,246‌

6.95%,

07/01/2024

535‌

597‌

7.15%,

05/15/2028

235‌

271‌

7.50%,

05/01/2031

1,659‌

2,107‌

7.88%,

09/15/2031

545‌

709‌

7.95%,

06/15/2039

740‌

962‌

8.50%,

07/15/2027

400‌

499‌

8.88%,

07/15/2030

6,035‌

8,142‌

Ovintiv

Exploration

Inc

5.38%,

01/01/2026

745‌

841‌

5.63%,

07/01/2024

970‌

1,074‌

Ovintiv

Inc

5.15%,

11/15/2041

460‌

505‌

6.50%,

08/15/2034

1,295‌

1,727‌

6.50%,

02/01/2038

605‌

823‌

6.63%,

08/15/2037

585‌

795‌

7.20%,

11/01/2031

980‌

1,310‌

7.38%,

11/01/2031

1,090‌

1,473‌

8.13%,

09/15/2030

940‌

1,294‌

Par

Petroleum

LLC

/

Par

Petroleum

Finance

Corp

7.75%,

12/15/2025

(g)

225‌

223‌

Parkland

Corp/Canada

4.50%,

10/01/2029

(g)

900‌

926‌

5.88%,

07/15/2027

(g)

640‌

682‌

Patterson-UTI

Energy

Inc

3.95%,

02/01/2028

440‌

443‌

5.15%,

11/15/2029

1,255‌

1,297‌

PBF

Holding

Co

LLC

/

PBF

Finance

Corp

7.25%,

06/15/2025

874‌

524‌

9.25%,

05/15/2025

(g)

725‌

663‌

PDC

Energy

Inc

5.75%,

05/15/2026

560‌

579‌

6.13%,

09/15/2024

495‌

504‌

Precision

Drilling

Corp

7.13%,

01/15/2026

(g)

550‌

567‌

Puma

International

Financing

SA

5.00%,

01/24/2026

(g)

730‌

730‌

5.13%,

10/06/2024

(g)

400‌

401‌

Range

Resources

Corp

4.88%,

05/15/2025

550‌

570‌

5.00%,

03/15/2023

465‌

481‌

8.25%,

01/15/2029

(g)

435‌

482‌

9.25%,

02/01/2026

750‌

814‌

SM

Energy

Co

5.63%,

06/01/2025

90‌

88‌

6.75%,

09/15/2026

375‌

372‌

10.00%,

01/15/2025

(g)

351‌

391‌

Southwestern

Energy

Co

6.45%,

01/23/2025

685‌

750‌

7.75%,

10/01/2027

90‌

97‌

8.38%,

09/15/2028

600‌

669‌

Sunoco

LP

/

Sunoco

Finance

Corp

4.50%,

05/15/2029

1,050‌

1,074‌

5.50%,

02/15/2026

600‌

617‌

5.88%,

03/15/2028

7,816‌

8,226‌

6.00%,

04/15/2027

1,815‌

1,894‌

Talos

Production

Inc

12.00%,

01/15/2026

3,665‌

3,819‌

Teine

Energy

Ltd

6.88%,

04/15/2029

(g)

6,375‌

6,470‌

Transocean

Guardian

Ltd

5.88%,

01/15/2024

(g)

553‌

524‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Oil

&

Gas

(continued)

Transocean

Inc

7.50%,

01/15/2026

(g)

$

467‌

$

362‌

8.00%,

02/01/2027

(g)

635‌

468‌

11.50%,

01/30/2027

(g)

510‌

507‌

Transocean

Pontus

Ltd

6.13%,

08/01/2025

(g)

410‌

405‌

Transocean

Poseidon

Ltd

6.88%,

02/01/2027

(g)

420‌

410‌

Transocean

Sentry

Ltd

5.38%,

05/15/2023

(g)

368‌

346‌

Vantage

Drilling

International

9.25%,

11/15/2023

(g)

400‌

352‌

Vermilion

Energy

Inc

5.63%,

03/15/2025

(g)

179‌

180‌

Vine

Energy

Holdings

LLC

6.75%,

04/15/2029

(g)

4,700‌

4,900‌

W&T

Offshore

Inc

9.75%,

11/01/2023

(g)

645‌

619‌

$

229,262‌

Oil

&

Gas

Services

-

0.26%

Archrock

Partners

LP

/

Archrock

Partners

Finance

Corp

6.25%,

04/01/2028

(g)

985‌

1,005‌

6.88%,

04/01/2027

(g)

435‌

457‌

Bristow

Group

Inc

6.88%,

03/01/2028

(g)

100‌

103‌

Exterran

Energy

Solutions

LP

/

EES

Finance

Corp

8.13%,

05/01/2025

551‌

485‌

KCA

Deutag

UK

Finance

PLC

9.88%,

12/01/2025

(g)

500‌

546‌

Oceaneering

International

Inc

4.65%,

11/15/2024

113‌

112‌

6.00%,

02/01/2028

225‌

226‌

TechnipFMC

PLC

6.50%,

02/01/2026

(g)

900‌

965‌

Telford

Offshore

Ltd

12.00%,

PIK

12.00%

(h),(k),(m)

359‌

13‌

Transocean

Phoenix

2

Ltd

7.75%,

10/15/2024

(g)

338‌

342‌

Transocean

Proteus

Ltd

6.25%,

12/01/2024

(g)

452‌

447‌

USA

Compression

Partners

LP

/

USA

Compression

Finance

Corp

6.88%,

04/01/2026

962‌

1,008‌

6.88%,

09/01/2027

270‌

285‌

Weatherford

International

Ltd

8.75%,

09/01/2024

(g)

630‌

655‌

11.00%,

12/01/2024

(g)

2,695‌

2,789‌

Welltec

A/S

9.50%,

12/01/2022

(g)

335‌

332‌

$

9,770‌

Packaging

&

Containers

-

2.94%

ARD

Finance

SA

6.50%,

PIK

7.25%;

06/30/2027

(g),(h),(k)

961‌

1,014‌

Ardagh

Metal

Packaging

Finance

USA

LLC

/

Ardagh

Metal

Packaging

Finance

PLC

3.25%,

09/01/2028

(g)

3,050‌

3,054‌

4.00%,

09/01/2029

(g)

2,915‌

2,918‌

Ardagh

Packaging

Finance

PLC

/

Ardagh

Holdings

USA

Inc

4.13%,

08/15/2026

(g)

1,680‌

1,735‌

5.25%,

04/30/2025

(g)

795‌

830‌

5.25%,

08/15/2027

(g)

1,570‌

1,603‌

5.25%,

08/15/2027

(g)

810‌

827‌

6.00%,

02/15/2025

(g)

2,000‌

2,062‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

85

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Packaging

&

Containers

(continued)

Ball

Corp

2.88%,

08/15/2030

$

1,065‌

$

1,054‌

4.00%,

11/15/2023

830‌

880‌

4.88%,

03/15/2026

1,140‌

1,274‌

5.25%,

07/01/2025

746‌

841‌

Berry

Global

Inc

4.50%,

02/15/2026

(g)

296‌

302‌

5.63%,

07/15/2027

(g)

3,400‌

3,578‌

Cascades

Inc/Cascades

USA

Inc

5.38%,

01/15/2028

(g)

1,740‌

1,831‌

Crown

Americas

LLC

/

Crown

Americas

Capital

Corp

IV

4.50%,

01/15/2023

1,030‌

1,074‌

Crown

Americas

LLC

/

Crown

Americas

Capital

Corp

V

4.25%,

09/30/2026

315‌

338‌

Crown

Cork

&

Seal

Co

Inc

7.38%,

12/15/2026

654‌

804‌

Flex

Acquisition

Co

Inc

6.88%,

01/15/2025

(g)

818‌

828‌

7.88%,

07/15/2026

(g)

560‌

583‌

Graham

Packaging

Co

Inc

7.13%,

08/15/2028

(g)

2,675‌

2,852‌

Graphic

Packaging

International

LLC

3.50%,

03/15/2028

(g)

980‌

992‌

3.50%,

03/01/2029

(g)

1,555‌

1,545‌

4.88%,

11/15/2022

363‌

378‌

Intelligent

Packaging

Ltd

Finco

Inc

/

Intelligent

Packaging

Ltd

Co-Issuer

LLC

6.00%,

09/15/2028

(g)

7,830‌

8,143‌

LABL

Inc

6.75%,

07/15/2026

(g)

2,435‌

2,584‌

10.50%,

07/15/2027

(g)

770‌

847‌

Matthews

International

Corp

5.25%,

12/01/2025

(g)

265‌

272‌

Mauser

Packaging

Solutions

Holding

Co

5.50%,

04/15/2024

(g)

1,179‌

1,186‌

7.25%,

04/15/2025

(g)

1,280‌

1,249‌

Owens-Brockway

Glass

Container

Inc

5.38%,

01/15/2025

(g)

205‌

219‌

6.38%,

08/15/2025

(g)

83‌

93‌

Pactiv

LLC

7.95%,

12/15/2025

435‌

489‌

8.38%,

04/15/2027

(i)

830‌

951‌

Plastipak

Holdings

Inc

6.25%,

10/15/2025

(g)

17,102‌

17,456‌

Reynolds

Group

Issuer

Inc

/

Reynolds

Group

Issuer

LLC

/

Reynolds

Group

Issuer

4.00%,

10/15/2027

(g)

1,445‌

1,443‌

Sealed

Air

Corp

4.00%,

12/01/2027

(g)

230‌

246‌

4.88%,

12/01/2022

(g)

320‌

332‌

5.13%,

12/01/2024

(g)

80‌

87‌

5.25%,

04/01/2023

(g)

385‌

405‌

5.50%,

09/15/2025

(g)

872‌

968‌

6.88%,

07/15/2033

(g)

355‌

454‌

Silgan

Holdings

Inc

4.13%,

02/01/2028

1,015‌

1,053‌

Trident

TPI

Holdings

Inc

6.63%,

11/01/2025

(g)

17,774‌

18,196‌

9.25%,

08/01/2024

(g)

6,247‌

6,583‌

Trivium

Packaging

Finance

BV

5.50%,

08/15/2026

(g)

13,281‌

13,879‌

8.50%,

08/15/2027

(g)

1,030‌

1,107‌

$

111,439‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pharmaceuticals

-

1.69%

AdaptHealth

LLC

6.13%,

08/01/2028

(g)

$

290‌

$

304‌

Bausch

Health

Americas

Inc

8.50%,

01/31/2027

(g)

2,330‌

2,520‌

9.25%,

04/01/2026

(g)

2,670‌

2,890‌

Bausch

Health

Cos

Inc

5.00%,

01/30/2028

(g)

4,218‌

4,023‌

5.00%,

02/15/2029

(g)

2,520‌

2,381‌

5.25%,

01/30/2030

(g)

9,097‌

8,562‌

5.25%,

02/15/2031

(g),(i)

2,946‌

2,762‌

5.50%,

11/01/2025

(g)

1,810‌

1,848‌

5.75%,

08/15/2027

(g)

900‌

947‌

6.13%,

04/15/2025

(g)

3,322‌

3,391‌

6.25%,

02/15/2029

(g)

2,780‌

2,766‌

7.00%,

01/15/2028

(g)

4,450‌

4,673‌

7.25%,

05/30/2029

(g)

1,430‌

1,480‌

9.00%,

12/15/2025

(g)

1,470‌

1,569‌

Elanco

Animal

Health

Inc

5.27%,

08/28/2023

1,300‌

1,391‌

5.90%,

08/28/2028

1,135‌

1,357‌

Endo

Dac

/

Endo

Finance

LLC

/

Endo

Finco

Inc

6.00%,

06/30/2028

(g)

543‌

367‌

9.50%,

07/31/2027

(g),(i)

1,335‌

1,339‌

Endo

Luxembourg

Finance

Co

I

Sarl

/

Endo

US

Inc

6.13%,

04/01/2029

(g)

795‌

790‌

Herbalife

Nutrition

Ltd

/

HLF

Financing

Inc

7.88%,

09/01/2025

(g)

1,500‌

1,629‌

Horizon

Therapeutics

USA

Inc

5.50%,

08/01/2027

(g)

875‌

928‌

Organon

&

Co

/

Organon

Foreign

Debt

Co-Issuer

BV

5.13%,

04/30/2031

(g)

7,700‌

7,931‌

Owens

&

Minor

Inc

4.50%,

03/31/2029

(g)

555‌

569‌

P&L

Development

LLC

/

PLD

Finance

Corp

7.75%,

11/15/2025

(g)

800‌

836‌

Par

Pharmaceutical

Inc

7.50%,

04/01/2027

(g)

1,725‌

1,760‌

Prestige

Brands

Inc

3.75%,

04/01/2031

(g)

4,915‌

4,859‌

5.13%,

01/15/2028

(g)

395‌

417‌

$

64,289‌

Pipelines

-

4.78%

AI

Candelaria

Spain

SLU

7.50%,

12/15/2028

(g)

299‌

333‌

Antero

Midstream

Partners

LP

/

Antero

Midstream

Finance

Corp

5.38%,

06/15/2029

(g)

2,900‌

2,978‌

5.75%,

03/01/2027

(g)

2,300‌

2,369‌

5.75%,

01/15/2028

(g)

4,050‌

4,232‌

7.88%,

05/15/2026

(g)

1,985‌

2,198‌

Blue

Racer

Midstream

LLC

/

Blue

Racer

Finance

Corp

6.63%,

07/15/2026

(g)

200‌

207‌

7.63%,

12/15/2025

(g)

210‌

226‌

Buckeye

Partners

LP

4.13%,

03/01/2025

(g)

500‌

518‌

4.13%,

12/01/2027

730‌

745‌

4.15%,

07/01/2023

495‌

511‌

4.35%,

10/15/2024

295‌

309‌

4.50%,

03/01/2028

(g)

4,850‌

4,923‌

5.60%,

10/15/2044

3,121‌

3,080‌

5.85%,

11/15/2043

3,120‌

3,136‌

6.37%,

01/22/2078

(l)

355‌

328‌

3

Month

USD

LIBOR

+

4.02%

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

86

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pipelines

(continued)

Cheniere

Energy

Inc

4.63%,

10/15/2028

$

2,020‌

$

2,129‌

Cheniere

Energy

Partners

LP

4.00%,

03/01/2031

(g)

385‌

407‌

4.50%,

10/01/2029

1,669‌

1,800‌

5.63%,

10/01/2026

1,175‌

1,213‌

CNX

Midstream

Partners

LP

/

CNX

Midstream

Finance

Corp

6.50%,

03/15/2026

(g)

305‌

315‌

CQP

Holdco

LP

/

BIP-V

Chinook

Holdco

LLC

5.50%,

06/15/2031

(g)

12,125‌

12,580‌

Crestwood

Midstream

Partners

LP

/

Crestwood

Midstream

Finance

Corp

5.63%,

05/01/2027

(g)

568‌

581‌

5.75%,

04/01/2025

424‌

434‌

6.00%,

02/01/2029

(g)

2,185‌

2,272‌

DCP

Midstream

Operating

LP

3.88%,

03/15/2023

458‌

470‌

5.13%,

05/15/2029

450‌

501‌

5.38%,

07/15/2025

414‌

457‌

5.60%,

04/01/2044

400‌

459‌

5.85%,

05/21/2043

(g),(l)

675‌

624‌

3

Month

USD

LIBOR

+

3.85%

6.45%,

11/03/2036

(g)

560‌

672‌

6.75%,

09/15/2037

(g)

315‌

388‌

8.13%,

08/16/2030

220‌

293‌

Delek

Logistics

Partners

LP

/

Delek

Logistics

Finance

Corp

6.75%,

05/15/2025

665‌

677‌

7.13%,

06/01/2028

(g)

1,376‌

1,431‌

DT

Midstream

Inc

4.13%,

06/15/2029

(g)

3,875‌

3,974‌

4.38%,

06/15/2031

(g)

10,350‌

10,738‌

EnLink

Midstream

LLC

5.38%,

06/01/2029

224‌

233‌

5.63%,

01/15/2028

(g)

957‌

1,013‌

EnLink

Midstream

Partners

LP

4.15%,

06/01/2025

550‌

568‌

4.40%,

04/01/2024

450‌

473‌

4.85%,

07/15/2026

280‌

293‌

5.05%,

04/01/2045

250‌

231‌

5.45%,

06/01/2047

77‌

75‌

5.60%,

04/01/2044

193‌

188‌

EQM

Midstream

Partners

LP

4.00%,

08/01/2024

639‌

654‌

4.13%,

12/01/2026

828‌

836‌

4.50%,

01/15/2029

(g)

80‌

81‌

4.75%,

07/15/2023

336‌

350‌

4.75%,

01/15/2031

(g)

7,615‌

7,748‌

5.50%,

07/15/2028

923‌

999‌

6.50%,

07/01/2027

(g)

946‌

1,062‌

6.50%,

07/15/2048

490‌

538‌

Genesis

Energy

LP

/

Genesis

Energy

Finance

Corp

5.63%,

06/15/2024

669‌

664‌

6.25%,

05/15/2026

375‌

369‌

6.50%,

10/01/2025

701‌

696‌

7.75%,

02/01/2028

890‌

899‌

8.00%,

01/15/2027

5,360‌

5,526‌

Global

Partners

LP

/

GLP

Finance

Corp

6.88%,

01/15/2029

100‌

105‌

Harvest

Midstream

I

LP

7.50%,

09/01/2028

(g)

5,551‌

5,935‌

Hess

Midstream

Operations

LP

5.63%,

02/15/2026

(g)

1,041‌

1,083‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pipelines

(continued)

Holly

Energy

Partners

LP

/

Holly

Energy

Finance

Corp

5.00%,

02/01/2028

(g)

$

5,485‌

$

5,560‌

New

Fortress

Energy

Inc

6.50%,

09/30/2026

(g)

1,500‌

1,515‌

6.75%,

09/15/2025

(g)

12,441‌

12,691‌

NGL

Energy

Operating

LLC

/

NGL

Energy

Finance

Corp

7.50%,

02/01/2026

(g)

1,850‌

1,901‌

NGL

Energy

Partners

LP

/

NGL

Energy

Finance

Corp

6.13%,

03/01/2025

(i)

1,076‌

915‌

7.50%,

11/01/2023

479‌

456‌

7.50%,

04/15/2026

85‌

72‌

NuStar

Logistics

LP

5.63%,

04/28/2027

7,183‌

7,756‌

5.75%,

10/01/2025

1,605‌

1,749‌

6.00%,

06/01/2026

640‌

691‌

6.38%,

10/01/2030

200‌

222‌

PBF

Logistics

LP

/

PBF

Logistics

Finance

Corp

6.88%,

05/15/2023

(i)

608‌

589‌

Rattler

Midstream

LP

5.63%,

07/15/2025

(g)

605‌

631‌

Rockies

Express

Pipeline

LLC

3.60%,

05/15/2025

(g)

1,900‌

1,940‌

4.80%,

05/15/2030

(g)

4,240‌

4,313‌

4.95%,

07/15/2029

(g)

1,304‌

1,343‌

6.88%,

04/15/2040

(g)

500‌

526‌

7.50%,

07/15/2038

(g)

630‌

699‌

Southeast

Supply

Header

LLC

4.25%,

06/15/2024

(g)

515‌

509‌

Tallgrass

Energy

Partners

LP

/

Tallgrass

Energy

Finance

Corp

5.50%,

09/15/2024

(g)

290‌

294‌

5.50%,

01/15/2028

(g)

872‌

892‌

6.00%,

03/01/2027

(g)

500‌

516‌

6.00%,

12/31/2030

(g)

350‌

368‌

7.50%,

10/01/2025

(g)

615‌

667‌

Targa

Resources

Partners

LP

/

Targa

Resources

Partners

Finance

Corp

4.00%,

01/15/2032

(g)

1,035‌

1,070‌

4.88%,

02/01/2031

(g)

4,900‌

5,299‌

5.00%,

01/15/2028

735‌

773‌

5.38%,

02/01/2027

484‌

502‌

5.50%,

03/01/2030

965‌

1,063‌

5.88%,

04/15/2026

725‌

759‌

6.50%,

07/15/2027

785‌

853‌

6.88%,

01/15/2029

650‌

730‌

Venture

Global

Calcasieu

Pass

LLC

3.88%,

08/15/2029

(g),(j)

5,100‌

5,208‌

4.13%,

08/15/2031

(g),(j)

6,050‌

6,264‌

Western

Midstream

Operating

LP

3.95%,

06/01/2025

730‌

753‌

4.35%,

02/01/2025

1,350‌

1,414‌

4.50%,

03/01/2028

807‌

868‌

4.65%,

07/01/2026

735‌

788‌

4.75%,

08/15/2028

845‌

917‌

5.30%,

02/01/2030

1,315‌

1,476‌

5.30%,

03/01/2048

3,500‌

3,858‌

5.45%,

04/01/2044

1,285‌

1,442‌

6.50%,

02/01/2050

1,199‌

1,410‌

$

181,389‌

Real

Estate

-

0.24%

Cushman

&

Wakefield

US

Borrower

LLC

6.75%,

05/15/2028

(g)

960‌

1,032‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

87

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Real

Estate

(continued)

Five

Point

Operating

Co

LP

/

Five

Point

Capital

Corp

7.88%,

11/15/2025

(g)

$

1,236‌

$

1,295‌

Greystar

Real

Estate

Partners

LLC

5.75%,

12/01/2025

(g)

561‌

572‌

Howard

Hughes

Corp/The

4.13%,

02/01/2029

(g)

1,145‌

1,134‌

5.38%,

08/01/2028

(g)

910‌

963‌

Kennedy-Wilson

Inc

4.75%,

03/01/2029

673‌

691‌

5.00%,

03/01/2031

598‌

613‌

Newmark

Group

Inc

6.13%,

11/15/2023

517‌

560‌

Realogy

Group

LLC

/

Realogy

Co-Issuer

Corp

4.88%,

06/01/2023

(g)

845‌

879‌

9.38%,

04/01/2027

(g)

870‌

962‌

WeWork

Cos

Inc

7.88%,

05/01/2025

(g)

545‌

556‌

$

9,257‌

REITs

-

1.77%

Brookfield

Property

REIT

Inc

/

BPR

Cumulus

LLC

/

BPR

Nimbus

LLC

/

GGSI

Sellco

LL

5.75%,

05/15/2026

(g)

806‌

836‌

Diversified

Healthcare

Trust

4.38%,

03/01/2031

600‌

586‌

9.75%,

06/15/2025

1,035‌

1,142‌

EPR

Properties

3.75%,

08/15/2029

545‌

553‌

4.50%,

04/01/2025

850‌

905‌

4.50%,

06/01/2027

(i)

775‌

825‌

4.75%,

12/15/2026

565‌

609‌

4.95%,

04/15/2028

735‌

795‌

5.25%,

07/15/2023

600‌

634‌

FelCor

Lodging

LP

6.00%,

06/01/2025

100‌

102‌

GEO

Group

Inc/The

5.13%,

04/01/2023

640‌

602‌

5.88%,

10/15/2024

(i)

195‌

174‌

6.00%,

04/15/2026

(i)

1,285‌

1,046‌

HAT

Holdings

I

LLC

/

HAT

Holdings

II

LLC

3.38%,

06/15/2026

(g)

3,845‌

3,896‌

3.75%,

09/15/2030

(g)

25‌

25‌

6.00%,

04/15/2025

(g)

80‌

84‌

Iron

Mountain

Inc

4.50%,

02/15/2031

(g)

895‌

915‌

4.88%,

09/15/2027

(g)

1,886‌

1,954‌

4.88%,

09/15/2029

(g)

1,220‌

1,278‌

5.25%,

03/15/2028

(g)

1,056‌

1,104‌

5.25%,

07/15/2030

(g)

2,287‌

2,437‌

5.63%,

07/15/2032

(g)

1,075‌

1,163‌

iStar

Inc

4.75%,

10/01/2024

1,000‌

1,060‌

5.50%,

02/15/2026

647‌

676‌

Ladder

Capital

Finance

Holdings

LLLP

/

Ladder

Capital

Finance

Corp

5.25%,

10/01/2025

(g)

294‌

298‌

MGM

Growth

Properties

Operating

Partnership

LP

/

MGP

Finance

Co-Issuer

Inc

3.88%,

02/15/2029

(g)

665‌

681‌

4.50%,

09/01/2026

888‌

946‌

4.63%,

06/15/2025

(g)

645‌

685‌

5.63%,

05/01/2024

830‌

898‌

5.75%,

02/01/2027

605‌

676‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

REITs

(continued)

MPT

Operating

Partnership

LP

/

MPT

Finance

Corp

3.50%,

03/15/2031

$

557‌

$

571‌

4.63%,

08/01/2029

835‌

899‌

5.00%,

10/15/2027

2,215‌

2,345‌

5.25%,

08/01/2026

120‌

123‌

Park

Intermediate

Holdings

LLC

/

PK

Domestic

Property

LLC

/

PK

Finance

Co-Issuer

4.88%,

05/15/2029

(g)

1,620‌

1,656‌

5.88%,

10/01/2028

(g)

1,730‌

1,847‌

7.50%,

06/01/2025

(g)

525‌

569‌

RHP

Hotel

Properties

LP

/

RHP

Finance

Corp

4.75%,

10/15/2027

365‌

378‌

SBA

Communications

Corp

3.13%,

02/01/2029

(g)

2,915‌

2,863‌

3.88%,

02/15/2027

1,325‌

1,366‌

4.88%,

09/01/2024

1,950‌

1,971‌

Service

Properties

Trust

3.95%,

01/15/2028

715‌

670‌

4.35%,

10/01/2024

1,025‌

1,032‌

4.38%,

02/15/2030

720‌

673‌

4.50%,

06/15/2023

750‌

767‌

4.50%,

03/15/2025

645‌

643‌

4.65%,

03/15/2024

(i)

840‌

855‌

4.75%,

10/01/2026

740‌

726‌

4.95%,

02/15/2027

415‌

408‌

4.95%,

10/01/2029

340‌

330‌

5.00%,

08/15/2022

745‌

755‌

5.25%,

02/15/2026

650‌

655‌

5.50%,

12/15/2027

(i)

465‌

496‌

7.50%,

09/15/2025

1,000‌

1,128‌

Starwood

Property

Trust

Inc

4.75%,

03/15/2025

406‌

428‌

5.50%,

11/01/2023

(g)

225‌

236‌

Uniti

Group

LP

/

Uniti

Fiber

Holdings

Inc

/

CSL

Capital

LLC

7.13%,

12/15/2024

(g)

590‌

606‌

7.88%,

02/15/2025

(g)

3,099‌

3,300‌

Uniti

Group

LP

/

Uniti

Group

Finance

Inc

/

CSL

Capital

LLC

6.50%,

02/15/2029

(g)

2,485‌

2,519‌

VICI

Properties

LP

/

VICI

Note

Co

Inc

3.50%,

02/15/2025

(g)

550‌

560‌

3.75%,

02/15/2027

(g)

3,969‌

4,084‌

4.13%,

08/15/2030

(g)

703‌

739‌

4.25%,

12/01/2026

(g)

1,665‌

1,732‌

4.63%,

12/01/2029

(g)

1,035‌

1,107‌

XHR

LP

6.38%,

08/15/2025

(g)

385‌

411‌

$

67,033‌

Retail

-

3.81%

1011778

BC

ULC

/

New

Red

Finance

Inc

3.88%,

01/15/2028

(g)

605‌

610‌

4.00%,

10/15/2030

(g)

6,657‌

6,639‌

4.38%,

01/15/2028

(g)

3,755‌

3,807‌

5.75%,

04/15/2025

(g)

375‌

395‌

99

Escrow

Issuer

Inc

7.50%,

01/15/2026

(g)

460‌

434‌

AAG

FH

LP

/

AAG

FH

Finco

Inc

9.75%,

07/15/2024

(g)

115‌

114‌

Abercrombie

&

Fitch

Management

Co

8.75%,

07/15/2025

(g)

215‌

237‌

Asbury

Automotive

Group

Inc

4.75%,

03/01/2030

78‌

83‌

BCPE

Ulysses

Intermediate

Inc

7.75%,

PIK

8.50%;

04/01/2027

(g),(h),(k)

400‌

402‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

88

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Retail

(continued)

Bed

Bath

&

Beyond

Inc

3.75%,

08/01/2024

(i)

$

90‌

$

93‌

4.92%,

08/01/2034

(i)

91‌

88‌

5.17%,

08/01/2044

441‌

419‌

Brinker

International

Inc

3.88%,

05/15/2023

780‌

805‌

5.00%,

10/01/2024

(g)

235‌

249‌

Caleres

Inc

6.25%,

08/15/2023

3‌

3‌

Carvana

Co

5.63%,

10/01/2025

(g)

415‌

430‌

5.88%,

10/01/2028

(g)

500‌

530‌

eG

Global

Finance

PLC

6.75%,

02/07/2025

(g)

605‌

619‌

8.50%,

10/30/2025

(g)

515‌

539‌

Ferrellgas

LP

/

Ferrellgas

Finance

Corp

5.38%,

04/01/2026

(g)

1,085‌

1,071‌

FirstCash

Inc

4.63%,

09/01/2028

(g)

715‌

743‌

Foundation

Building

Materials

Inc

6.00%,

03/01/2029

(g)

1,000‌

983‌

Gap

Inc/The

8.38%,

05/15/2023

(g)

405‌

453‌

8.63%,

05/15/2025

(g)

1,220‌

1,333‌

8.88%,

05/15/2027

(g)

810‌

935‌

Golden

Nugget

Inc

6.75%,

10/15/2024

(g)

1,871‌

1,876‌

Group

1

Automotive

Inc

4.00%,

08/15/2028

(g)

570‌

585‌

Guitar

Center

Inc

8.50%,

01/15/2026

(g),(i)

310‌

331‌

IRB

Holding

Corp

6.75%,

02/15/2026

(g)

3,140‌

3,226‌

7.00%,

06/15/2025

(g)

6,580‌

7,007‌

Ken

Garff

Automotive

LLC

4.88%,

09/15/2028

(g)

30‌

31‌

KFC

Holding

Co/Pizza

Hut

Holdings

LLC/Taco

Bell

of

America

LLC

4.75%,

06/01/2027

(g)

717‌

749‌

L

Brands

Inc

5.25%,

02/01/2028

288‌

324‌

6.63%,

10/01/2030

(g)

870‌

1,003‌

6.75%,

07/01/2036

506‌

645‌

6.88%,

11/01/2035

744‌

957‌

6.95%,

03/01/2033

320‌

390‌

7.50%,

06/15/2029

358‌

415‌

7.60%,

07/15/2037

53‌

68‌

9.38%,

07/01/2025

(g)

710‌

920‌

LBM

Acquisition

LLC

6.25%,

01/15/2029

(g)

7,503‌

7,518‌

LCM

Investments

Holdings

II

LLC

4.88%,

05/01/2029

(g)

2,875‌

2,942‌

Lithia

Motors

Inc

3.88%,

06/01/2029

(g)

1,945‌

2,048‌

4.38%,

01/15/2031

(g)

476‌

519‌

4.63%,

12/15/2027

(g)

586‌

623‌

LSF9

Atlantis

Holdings

LLC

/

Victra

Finance

Corp

7.75%,

02/15/2026

(g)

11,925‌

12,462‌

Macy's

Inc

8.38%,

06/15/2025

(g)

1,085‌

1,183‌

Macy's

Retail

Holdings

LLC

2.88%,

02/15/2023

700‌

704‌

3.63%,

06/01/2024

(i)

129‌

132‌

4.30%,

02/15/2043

265‌

217‌

4.50%,

12/15/2034

485‌

449‌

5.13%,

01/15/2042

265‌

242‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Retail

(continued)

Macy’s

Retail

Holdings

LLC  

(continued)

5.88%,

04/01/2029

(g),(i)

$

1,760‌

$

1,857‌

6.38%,

03/15/2037

600‌

606‌

6.70%,

07/15/2034

(g)

550‌

589‌

Marks

&

Spencer

PLC

7.13%,

12/01/2037

(g)

200‌

237‌

Murphy

Oil

USA

Inc

3.75%,

02/15/2031

(g)

1,870‌

1,865‌

4.75%,

09/15/2029

500‌

530‌

5.63%,

05/01/2027

695‌

732‌

NMG

Holding

Co

Inc

/

Neiman

Marcus

Group

LLC

7.13%,

04/01/2026

(g)

1,500‌

1,601‌

Park

River

Holdings

Inc

5.63%,

02/01/2029

(g)

400‌

392‌

6.75%,

08/01/2029

(g)

6,050‌

6,095‌

Party

City

Holdings

Inc

8.75%,

02/15/2026

(g)

414‌

438‌

PetSmart

Inc

/

PetSmart

Finance

Corp

4.75%,

02/15/2028

(g)

1,645‌

1,708‌

7.75%,

02/15/2029

(g)

1,275‌

1,398‌

QVC

Inc

4.38%,

03/15/2023

1,015‌

1,067‌

4.38%,

09/01/2028

440‌

452‌

4.45%,

02/15/2025

920‌

987‌

4.75%,

02/15/2027

900‌

965‌

4.85%,

04/01/2024

910‌

986‌

5.45%,

08/15/2034

850‌

901‌

5.95%,

03/15/2043

810‌

838‌

Rite

Aid

Corp

7.50%,

07/01/2025

(g)

565‌

567‌

7.70%,

02/15/2027

(i)

180‌

167‌

8.00%,

11/15/2026

(g)

1,275‌

1,280‌

Sonic

Automotive

Inc

6.13%,

03/15/2027

801‌

834‌

Specialty

Building

Products

Holdings

LLC

/

SBP

Finance

Corp

6.38%,

09/30/2026

(g)

13,372‌

14,074‌

SRS

Distribution

Inc

4.63%,

07/01/2028

(g)

4,220‌

4,304‌

6.13%,

07/01/2029

(g)

580‌

593‌

Staples

Inc

7.50%,

04/15/2026

(g)

2,352‌

2,387‌

10.75%,

04/15/2027

(g)

2,515‌

2,440‌

Suburban

Propane

Partners

LP/Suburban

Energy

Finance

Corp

5.00%,

06/01/2031

(g)

7,247‌

7,528‌

5.88%,

03/01/2027

523‌

548‌

Superior

Plus

LP

/

Superior

General

Partner

Inc

4.50%,

03/15/2029

(g)

690‌

709‌

White

Cap

Buyer

LLC

6.88%,

10/15/2028

(g)

9,680‌

10,334‌

Yum!

Brands

Inc

3.63%,

03/15/2031

850‌

867‌

3.88%,

11/01/2023

275‌

291‌

4.63%,

01/31/2032

2,045‌

2,196‌

4.75%,

01/15/2030

(g)

800‌

876‌

5.35%,

11/01/2043

408‌

444‌

6.88%,

11/15/2037

300‌

385‌

$

144,648‌

Semiconductors

-

0.15%

Amkor

Technology

Inc

6.63%,

09/15/2027

(g)

500‌

537‌

ams

AG

7.00%,

07/31/2025

(g)

365‌

391‌

Entegris

Inc

4.38%,

04/15/2028

(g)

880‌

924‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

89

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Semiconductors

(continued)

Microchip

Technology

Inc

4.25%,

09/01/2025

$

1,590‌

$

1,675‌

Qorvo

Inc

3.38%,

04/01/2031

(g)

658‌

683‌

4.38%,

10/15/2029

1,360‌

1,481‌

Synaptics

Inc

4.00%,

06/15/2029

(g)

15‌

15‌

$

5,706‌

Software

-

2.38%

ACI

Worldwide

Inc

5.75%,

08/15/2026

(g)

3,200‌

3,348‌

Ascend

Learning

LLC

6.88%,

08/01/2025

(g)

5,443‌

5,545‌

6.88%,

08/01/2025

(g)

5,615‌

5,721‌

Black

Knight

InfoServ

LLC

3.63%,

09/01/2028

(g)

1,515‌

1,518‌

Blackboard

Inc

10.38%,

11/15/2024

(g),(i)

365‌

381‌

Boxer

Parent

Co

Inc

7.13%,

10/02/2025

(g)

1,085‌

1,157‌

9.13%,

03/01/2026

(g)

650‌

680‌

BY

Crown

Parent

LLC

7.38%,

10/15/2024

(g)

700‌

712‌

BY

Crown

Parent

LLC

/

BY

Bond

Finance

Inc

4.25%,

01/31/2026

(g)

605‌

635‌

Camelot

Finance

SA

4.50%,

11/01/2026

(g)

705‌

735‌

Castle

US

Holding

Corp

9.50%,

02/15/2028

(g)

110‌

115‌

CDK

Global

Inc

4.88%,

06/01/2027

984‌

1,037‌

5.00%,

10/15/2024

266‌

293‌

5.25%,

05/15/2029

(g)

650‌

707‌

Clarivate

Science

Holdings

Corp

3.88%,

06/30/2028

(g)

4,800‌

4,840‌

4.88%,

06/30/2029

(g)

8,725‌

8,787‌

Donnelley

Financial

Solutions

Inc

8.25%,

10/15/2024

740‌

766‌

Dun

&

Bradstreet

Corp/The

6.88%,

08/15/2026

(g)

356‌

377‌

10.25%,

02/15/2027

(g)

365‌

398‌

Fair

Isaac

Corp

4.00%,

06/15/2028

(g)

246‌

257‌

5.25%,

05/15/2026

(g)

1,140‌

1,297‌

Granite

Merger

Sub

2

Inc

11.00%,

07/15/2027

(g)

90‌

102‌

J2

Global

Inc

4.63%,

10/15/2030

(g)

1,300‌

1,381‌

MSCI

Inc

3.63%,

09/01/2030

(g)

300‌

315‌

3.88%,

02/15/2031

(g)

1,810‌

1,923‌

4.00%,

11/15/2029

(g)

825‌

880‌

5.38%,

05/15/2027

(g)

650‌

690‌

Nuance

Communications

Inc

5.63%,

12/15/2026

430‌

448‌

Open

Text

Corp

3.88%,

02/15/2028

(g)

1,795‌

1,853‌

5.88%,

06/01/2026

(g)

1,584‌

1,636‌

Open

Text

Holdings

Inc

4.13%,

02/15/2030

(g)

1,785‌

1,843‌

Playtika

Holding

Corp

4.25%,

03/15/2029

(g)

11,133‌

11,105‌

PTC

Inc

3.63%,

02/15/2025

(g)

220‌

226‌

4.00%,

02/15/2028

(g)

381‌

394‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Software

(continued)

Rackspace

Technology

Global

Inc

3.50%,

02/15/2028

(g)

$

1,710‌

$

1,646‌

5.38%,

12/01/2028

(g),(i)

230‌

234‌

SS&C

Technologies

Inc

5.50%,

09/30/2027

(g)

16,920‌

17,907‌

Twilio

Inc

3.63%,

03/15/2029

196‌

201‌

3.88%,

03/15/2031

132‌

138‌

Veritas

US

Inc

/

Veritas

Bermuda

Ltd

7.50%,

09/01/2025

(g)

2,030‌

2,101‌

10.50%,

02/01/2024

(g)

789‌

804‌

ZoomInfo

Technologies

LLC/ZoomInfo

Finance

Corp

3.88%,

02/01/2029

(g)

5,178‌

5,187‌

$

90,320‌

Storage

&

Warehousing

-

0.01%

LBC

Tank

Terminals

Holding

Netherlands

BV

6.88%,

05/15/2023

(g)

325‌

323‌

Telecommunications

-

5.73%

Altice

France

Holding

SA

6.00%,

02/15/2028

(g)

1,450‌

1,430‌

10.50%,

05/15/2027

(g)

2,050‌

2,255‌

Altice

France

SA/France

5.13%,

01/15/2029

(g)

1,355‌

1,365‌

5.13%,

07/15/2029

(g)

3,740‌

3,768‌

5.50%,

01/15/2028

(g)

1,100‌

1,128‌

7.38%,

05/01/2026

(g)

2,015‌

2,096‌

8.13%,

02/01/2027

(g)

1,815‌

1,965‌

Avaya

Inc

6.13%,

09/15/2028

(g)

1,090‌

1,166‌

Cincinnati

Bell

Inc

7.00%,

07/15/2024

(g)

1,230‌

1,256‌

8.00%,

10/15/2025

(g)

955‌

1,003‌

CommScope

Inc

5.50%,

03/01/2024

(g)

775‌

797‌

6.00%,

03/01/2026

(g)

10,520‌

10,967‌

7.13%,

07/01/2028

(g)

425‌

458‌

8.25%,

03/01/2027

(g)

2,820‌

2,986‌

CommScope

Technologies

LLC

5.00%,

03/15/2027

(g)

4,840‌

4,897‌

6.00%,

06/15/2025

(g)

11,045‌

11,211‌

Connect

Finco

SARL

/

Connect

US

Finco

LLC

6.75%,

10/01/2026

(g)

9,835‌

10,339‌

Consolidated

Communications

Inc

5.00%,

10/01/2028

(g)

915‌

920‌

DKT

Finance

ApS

9.38%,

06/17/2023

(g)

125‌

127‌

Embarq

Corp

8.00%,

06/01/2036

1,067‌

1,195‌

Frontier

Communications

Holdings

LLC

5.00%,

05/01/2028

(g)

2,080‌

2,152‌

5.88%,

10/15/2027

(g)

1,550‌

1,656‌

6.75%,

05/01/2029

(g)

1,235‌

1,315‌

Frontier

Florida

LLC

6.86%,

02/01/2028

1,340‌

1,465‌

GTT

Communications

Inc

7.88%,

12/31/2024

(g)

16,390‌

1,557‌

Hughes

Satellite

Systems

Corp

5.25%,

08/01/2026

1,045‌

1,168‌

6.63%,

08/01/2026

715‌

804‌

Intrado

Corp

8.50%,

10/15/2025

(g)

1,171‌

1,139‌

Koninklijke

KPN

NV

7.00%,

03/28/2073

(g),(l)

405‌

436‌

USD

Swap

Semi-Annual

10

Year

+

5.21%

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

90

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Telecommunications

(continued)

Level

3

Financing

Inc

3.63%,

01/15/2029

(g)

$

1,100‌

$

1,069‌

3.75%,

07/15/2029

(g)

800‌

784‌

4.25%,

07/01/2028

(g)

1,075‌

1,095‌

4.63%,

09/15/2027

(g)

825‌

857‌

5.25%,

03/15/2026

795‌

821‌

Ligado

Networks

LLC

0.00%,

PIK

15.50%;

11/01/2023

(d),(g),(h),(k)

3,562‌

3,500‌

LogMeIn

Inc

5.50%,

09/01/2027

(g)

710‌

736‌

Lumen

Technologies

Inc

4.00%,

02/15/2027

(g)

1,100‌

1,130‌

4.50%,

01/15/2029

(g)

560‌

550‌

5.13%,

12/15/2026

(g)

950‌

987‌

5.63%,

04/01/2025

345‌

376‌

6.88%,

01/15/2028

202‌

229‌

7.50%,

04/01/2024

1,035‌

1,164‌

7.60%,

09/15/2039

422‌

481‌

7.65%,

03/15/2042

580‌

655‌

Nokia

Oyj

4.38%,

06/12/2027

410‌

452‌

6.63%,

05/15/2039

573‌

785‌

Sprint

Capital

Corp

6.88%,

11/15/2028

1,987‌

2,563‌

8.75%,

03/15/2032

2,623‌

4,043‌

Sprint

Communications

Inc

6.00%,

11/15/2022

2,215‌

2,345‌

Sprint

Corp

7.13%,

06/15/2024

2,133‌

2,452‌

7.63%,

02/15/2025

1,764‌

2,079‌

7.63%,

03/01/2026

1,319‌

1,611‌

7.88%,

09/15/2023

4,181‌

4,730‌

Switch

Ltd

3.75%,

09/15/2028

(g)

2,625‌

2,685‌

4.13%,

06/15/2029

(g)

3,250‌

3,348‌

Telecom

Italia

Capital

SA

6.00%,

09/30/2034

1,809‌

2,076‌

6.38%,

11/15/2033

905‌

1,070‌

7.20%,

07/18/2036

1,972‌

2,519‌

7.72%,

06/04/2038

550‌

738‌

Telecom

Italia

SpA/Milano

5.30%,

05/30/2024

(g)

1,555‌

1,686‌

Telesat

Canada

/

Telesat

LLC

4.88%,

06/01/2027

(g)

95‌

87‌

6.50%,

10/15/2027

(g)

445‌

377‌

T-Mobile

USA

Inc

2.25%,

02/15/2026

885‌

895‌

2.63%,

04/15/2026

2,040‌

2,088‌

3.38%,

04/15/2029

2,110‌

2,197‌

3.50%,

04/15/2031

2,215‌

2,323‌

4.75%,

02/01/2028

1,320‌

1,403‌

5.38%,

04/15/2027

731‌

774‌

Trilogy

International

South

Pacific

LLC

/

TISP

Finance

Inc

8.88%,

05/15/2023

(g),(i)

704‌

698‌

United

States

Cellular

Corp

6.70%,

12/15/2033

500‌

621‌

VEON

Holdings

BV

3.38%,

11/25/2027

(g)

1,465‌

1,477‌

4.00%,

04/09/2025

(g)

1,230‌

1,294‌

Viasat

Inc

5.63%,

09/15/2025

(g)

23,646‌

24,054‌

5.63%,

04/15/2027

(g)

4,575‌

4,752‌

6.50%,

07/15/2028

(g)

4,320‌

4,574‌

Vmed

O2

UK

Financing

I

PLC

4.25%,

01/31/2031

(g)

3,815‌

3,777‌

4.75%,

07/15/2031

(g)

10,425‌

10,646‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Telecommunications

(continued)

Vodafone

Group

PLC

3.25%,

06/04/2081

(l)

$

500‌

$

508‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.45%

4.13%,

06/04/2081

(l)

1,000‌

1,009‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.77%

5.13%,

06/04/2081

(l)

1,000‌

1,027‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.07%

7.00%,

04/04/2079

(l)

2,150‌

2,671‌

USD

Swap

Semi-Annual

5

Year

+

4.87%

Windstream

Escrow

LLC

/

Windstream

Escrow

Finance

Corp

7.75%,

08/15/2028

(g)

1,935‌

1,974‌

Zayo

Group

Holdings

Inc

4.00%,

03/01/2027

(g)

11,800‌

11,741‌

6.13%,

03/01/2028

(g)

13,700‌

13,942‌

$

217,546‌

Toys,

Games

&

Hobbies

-

0.08%

Mattel

Inc

3.15%,

03/15/2023

1,000‌

1,020‌

3.75%,

04/01/2029

(g)

150‌

159‌

5.45%,

11/01/2041

810‌

954‌

5.88%,

12/15/2027

(g)

550‌

603‌

6.20%,

10/01/2040

150‌

189‌

$

2,925‌

Transportation

-

0.16%

Altera

Infrastructure

LP/Teekay

Offshore

Finance

Corp

8.50%,

07/15/2023

(g)

1,230‌

1,127‌

Cargo

Aircraft

Management

Inc

4.75%,

02/01/2028

(g)

545‌

557‌

Kenan

Advantage

Group

Inc/The

7.88%,

07/31/2023

(g)

322‌

322‌

Teekay

Corp

9.25%,

11/15/2022

(g)

250‌

258‌

Watco

Cos

LLC

/

Watco

Finance

Corp

6.50%,

06/15/2027

(g)

615‌

658‌

Western

Global

Airlines

LLC

10.38%,

08/15/2025

(g)

215‌

242‌

XPO

CNW

Inc

6.70%,

05/01/2034

237‌

284‌

XPO

Logistics

Inc

6.13%,

09/01/2023

(g)

96‌

96‌

6.25%,

05/01/2025

(g)

910‌

966‌

6.75%,

08/15/2024

(g)

1,399‌

1,452‌

$

5,962‌

Trucking

&

Leasing

-

0.09%

AerCap

Global

Aviation

Trust

6.50%,

06/15/2045

(g),(l)

400‌

429‌

3

Month

USD

LIBOR

+

4.30%

Fortress

Transportation

and

Infrastructure

Investors

LLC

5.50%,

05/01/2028

(g)

970‌

1,006‌

6.50%,

10/01/2025

(g)

1,160‌

1,202‌

9.75%,

08/01/2027

(g)

825‌

941‌

$

3,578‌

TOTAL

BONDS

$

3,231,547‌

SENIOR

FLOATING

RATE

INTERESTS

-

11.59%

Principal

Amount

(000's)

Value

(000's)

Airlines

-

0.22%

AAdvantage

Loyalty

IP

Ltd

5.50%,

03/10/2028

(n)

$

3,975‌

$

4,081‌

1

Month

USD

LIBOR

+

4.75%

Air

Canada

0.00%,

07/27/2028

(n),(o)

850‌

852‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

91

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Airlines

(continued)

United

Airlines

Inc

4.50%,

04/14/2028

(n)

$

3,317‌

$

3,318‌

1

Month

USD

LIBOR

+

3.75%

$

8,251‌

Automobile

Parts

&

Equipment

-

0.69%

Dexko

Global

Inc

9.25%,

07/24/2025

(n)

13,518‌

13,518‌

3

Month

USD

LIBOR

+

8.25%

First

Brands

Group

LLC

6.00%,

03/24/2027

(n)

6,468‌

6,530‌

1

Month

USD

LIBOR

+

5.00%

9.50%,

03/24/2028

(n)

6,000‌

6,045‌

1

Month

USD

LIBOR

+

8.50%

$

26,093‌

Building

Materials

-

0.19%

CP

Atlas

Buyer

Inc

4.25%,

11/23/2027

(n)

1,671‌

1,662‌

1

Month

USD

LIBOR

+

3.75%

Generation

Brands

0.00%,

06/29/2029

(n),(o)

2,670‌

2,690‌

0.00%,

06/29/2029

(n),(o)

2,900‌

2,922‌

$

7,274‌

Chemicals

-

0.40%

Aruba

Investments

Holdings

LLC

8.50%,

10/27/2028

(n)

4,040‌

4,047‌

1

Month

USD

LIBOR

+

7.75%

Cpc

Acquisition

Corp

8.50%,

01/12/2029

(n)

10,995‌

11,022‌

1

Month

USD

LIBOR

+

7.75%

$

15,069‌

Commercial

Services

-

1.57%

Cast

&

Crew

Payroll

LLC

3.85%,

01/16/2026

(n)

1,443‌

1,430‌

1

Month

USD

LIBOR

+

3.75%

CoreCivic

Inc

5.50%,

12/12/2024

(n)

2,897‌

2,844‌

1

Month

USD

LIBOR

+

4.50%

KUEHG

Corp

4.75%,

02/21/2025

(n)

9,435‌

9,224‌

3

Month

USD

LIBOR

+

3.75%

9.25%,

08/22/2025

(n)

12,738‌

12,404‌

3

Month

USD

LIBOR

+

8.25%

Learning

Care

Group

US

No

2

Inc

4.25%,

03/13/2025

(n)

11,246‌

10,977‌

3

Month

USD

LIBOR

+

3.25%

8.50%,

03/13/2026

(n)

6,500‌

6,424‌

3

Month

USD

LIBOR

+

7.50%

PAREXEL

International

Corp

2.84%,

09/27/2024

(n)

3,011‌

3,000‌

3

Month

USD

LIBOR

+

2.75%

Rent-A-Center

Inc/TX

4.75%,

01/17/2028

(n)

2,195‌

2,199‌

1

Month

USD

LIBOR

+

4.00%

Revint

Intermediate

II

LLC

5.75%,

10/15/2027

(n)

4,439‌

4,457‌

1

Month

USD

LIBOR

+

5.00%

RGL

Holdings

LLC

5.00%,

06/30/2028

(n)

2,365‌

2,359‌

3

Month

USD

LIBOR

+

4.25%

8.25%,

07/02/2029

(n)

4,310‌

4,256‌

3

Month

USD

LIBOR

+

7.50%

$

59,574‌

Distribution

&

Wholesale

-

0.20%

American

Tire

Distributors

Inc

7.00%,

09/01/2023

(n)

2,297‌

2,290‌

3

Month

USD

LIBOR

+

6.00%

8.50%,

09/03/2024

(n)

1,493‌

1,491‌

3

Month

USD

LIBOR

+

7.50%

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Distribution

&

Wholesale

(continued)

Infinite

Bidco

LLC

7.50%,

02/24/2029

(n)

$

3,930‌

$

3,950‌

1

Month

USD

LIBOR

+

7.00%

$

7,731‌

Electronics

-

0.43%

Deliver

Buyer

Inc

5.15%,

05/01/2024

(n)

12,508‌

12,523‌

3

Month

USD

LIBOR

+

5.00%

7.25%,

05/01/2024

(n)

3,861‌

3,875‌

1

Month

USD

LIBOR

+

6.25%

$

16,398‌

Engineering

&

Construction

-

1.18%

Brand

Industrial

Services

Inc

5.25%,

06/21/2024

(n)

14,902‌

14,605‌

3

Month

USD

LIBOR

+

4.25%

5.25%,

06/21/2024

(n)

15,575‌

15,265‌

3

Month

USD

LIBOR

+

4.25%

KKR

Apple

Bidco

LLC

0.00%,

07/13/2029

(n),(o)

1,820‌

1,845‌

0.00%,

07/13/2029

(n),(o)

1,150‌

1,166‌

USIC

Holdings

Inc

4.25%,

05/05/2028

(n)

7,675‌

7,633‌

1

Month

USD

LIBOR

+

3.50%

7.25%,

05/07/2029

(n)

4,125‌

4,166‌

1

Month

USD

LIBOR

+

6.50%

$

44,680‌

Entertainment

-

0.46%

18

Fremont

Street

Acquisition

LLC

9.50%,

08/09/2025

(n)

13,386‌

13,638‌

1

Month

USD

LIBOR

+

8.00%

NAI

Entertainment

Holdings

LLC

3.50%,

05/08/2025

(n)

3,742‌

3,661‌

3

Month

USD

LIBOR

+

2.50%

$

17,299‌

Environmental

Control

-

0.24%

Packers

Holdings

LLC

4.00%,

03/09/2028

(n)

9,016‌

8,922‌

1

Month

USD

LIBOR

+

4.00%

Healthcare

-

Services

-

0.78%

ATI

Holdings

Acquisition

Inc

4.50%,

05/10/2023

(n)

5,277‌

5,114‌

3

Month

USD

LIBOR

+

3.50%

Cano

Health

LLC

5.50%,

11/19/2027

(n)

4,839‌

4,827‌

1

Month

USD

LIBOR

+

4.25%

GHX

Ultimate

Parent

Corp

4.00%,

06/28/2024

(n)

572‌

569‌

3

Month

USD

LIBOR

+

3.25%

National

Mentor

Holdings

Inc

4.50%,

02/18/2028

(n)

4,443‌

4,433‌

1

Month

USD

LIBOR

+

3.75%

4.50%,

02/18/2028

(n)

140‌

139‌

1

Month

USD

LIBOR

+

3.75%

8.25%,

02/16/2029

(n)

3,475‌

3,527‌

1

Month

USD

LIBOR

+

7.25%

Sound

Inpatient

Physicians

Holdings

LLC

6.85%,

06/26/2026

(n)

6,525‌

6,517‌

3

Month

USD

LIBOR

+

6.75%

UWH

PLLC

5.00%,

12/18/2027

(n)

4,667‌

4,661‌

1

Month

USD

LIBOR

+

4.25%

$

29,787‌

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

92

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Home

Builders

-

0.20%

Tecta

America

Corp

5.00%,

04/06/2028

(n)

$

3,275‌

$

3,271‌

3

Month

USD

LIBOR

+

4.25%

9.25%,

04/06/2029

(n)

4,425‌

4,403‌

3

Month

USD

LIBOR

+

8.50%

$

7,674‌

Insurance

-

1.45%

Asurion

LLC

0.00%,

01/15/2029

(n),(o)

8,480‌

8,430‌

1

Month

USD

LIBOR

+

5.25%

0.00%,

01/15/2029

(n),(o)

12,525‌

12,450‌

1

Month

USD

LIBOR

+

5.25%

3.34%,

12/18/2026

(n)

8,317‌

8,157‌

1

Month

USD

LIBOR

+

3.25%

3.34%,

07/29/2027

(n)

11,292‌

11,085‌

1

Month

USD

LIBOR

+

3.25%

5.35%,

01/29/2028

(n)

14,900‌

14,815‌

1

Month

USD

LIBOR

+

5.25%

$

54,937‌

Internet

-

0.60%

CNT

Holdings

I

Corp

7.50%,

12/16/2028

(n)

6,029‌

6,119‌

1

Month

USD

LIBOR

+

6.75%

MH

Sub

I

LLC

6.34%,

02/12/2029

(n)

6,100‌

6,179‌

1

Month

USD

LIBOR

+

6.25%

Ten-X

LLC

5.00%,

09/27/2024

(n)

11,038‌

10,614‌

3

Month

USD

LIBOR

+

4.00%

$

22,912‌

Investment

Companies

-

0.25%

Masergy

Holdings

Inc

8.50%,

12/16/2024

(n)

6,288‌

6,260‌

3

Month

USD

LIBOR

+

7.50%

Zest

Acquisition

Corp

8.50%,

03/06/2026

(n)

3,226‌

3,218‌

3

Month

USD

LIBOR

+

7.50%

$

9,478‌

Lodging

-

0.15%

Caesars

Resort

Collection

LLC

4.60%,

07/20/2025

(n)

5,608‌

5,608‌

1

Month

USD

LIBOR

+

4.50%

Machinery

-

Diversified

-

0.53%

Engineered

Machinery

Holdings

Inc

7.25%,

05/04/2029

(n)

1,610‌

1,626‌

1

Month

USD

LIBOR

+

6.50%

7.25%,

05/04/2029

(n)

1,600‌

1,616‌

1

Month

USD

LIBOR

+

6.50%

8.25%,

07/25/2025

(n)

16,681‌

16,697‌

3

Month

USD

LIBOR

+

7.25%

$

19,939‌

Mining

-

0.13%

Arctic

Canadian

Diamond

Co

Ltd

5.00%,

PIK

12.50%,

12/31/2027

(e),(k),(n)

4,690‌

4,691‌

1

Month

USD

LIBOR

+

5.00%

6.00%,

12/31/2024

(e),(n)

375‌

375‌

1

Month

USD

LIBOR

+

5.00%

$

5,066‌

Miscellaneous

Manufacturers

-

0.01%

Utex

Industries

5.25%,

PIK

5.75%,

11/03/2025

(k),(n)

595‌

571‌

1

Month

USD

LIBOR

+

9.50%

Pharmaceuticals

-

0.15%

Option

Care

Health

Inc

3.84%,

08/06/2026

(n)

2,935‌

2,920‌

1

Month

USD

LIBOR

+

3.75%

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pharmaceuticals

(continued)

PetVet

Care

Centers

LLC

4.25%,

02/14/2025

(n)

$

2,227‌

$

2,218‌

1

Month

USD

LIBOR

+

3.50%

Southern

Veterinary

Partners

LLC

8.75%,

10/02/2028

(n)

500‌

501‌

1

Month

USD

LIBOR

+

7.75%

$

5,639‌

Software

-

1.40%

Applied

Systems

Inc

6.25%,

09/19/2025

(n)

18,078‌

18,255‌

1

Month

USD

LIBOR

+

5.50%

Ascend

Learning

LLC

4.00%,

07/12/2024

(n)

3,952‌

3,943‌

3

Month

USD

LIBOR

+

3.00%

4.75%,

07/12/2024

(n)

1,687‌

1,689‌

1

Month

USD

LIBOR

+

3.75%

Genesys

Cloud

Services

Holdings

II

LLC

4.76%,

10/08/2027

(n)

9,179‌

9,184‌

1

Month

USD

LIBOR

+

4.00%

Informatica

LLC

7.13%,

02/14/2025

(n)

7,297‌

7,439‌

Skopima

Merger

Sub

Inc

7.75%,

04/30/2029

(n)

4,920‌

4,920‌

1

Month

USD

LIBOR

+

7.50%

Software

Luxembourg

Acquisition

Sarl

8.50%,

04/27/2025

(n)

158‌

158‌

1

Month

USD

LIBOR

+

7.50%

Sophia

LP

4.50%,

10/07/2027

(n)

2,569‌

2,566‌

1

Month

USD

LIBOR

+

3.75%

Sovos

Compliance

LLC

0.00%,

07/29/2028

(n),(o)

1,791‌

1,791‌

UKG

Inc

7.50%,

05/03/2027

(n)

3,175‌

3,221‌

1

Month

USD

LIBOR

+

6.75%

$

53,166‌

Telecommunications

-

0.28%

GTT

Communications

BV

2.50%,

PIK

6.00%,

12/31/2021

(k),(n)

870‌

877‌

1

Month

USD

LIBOR

+

5.00%

8.48%,

12/28/2021

(n)

1,518‌

1,530‌

1

Month

USD

LIBOR

+

5.00%

Intrado

Corp

5.00%,

10/10/2024

(n)

8,451‌

8,233‌

3

Month

USD

LIBOR

+

4.00%

$

10,640‌

Transportation

-

0.08%

ASP

LS

Acquisition

Corp

8.25%,

04/30/2029

(n)

2,900‌

2,893‌

1

Month

USD

LIBOR

+

7.50%

TOTAL

SENIOR

FLOATING

RATE

INTERESTS

$

439,601‌

Total

Investments

$

3,822,240‌

Other

Assets

and

Liabilities

-  (0.75)%

(28,458‌)

TOTAL

NET

ASSETS

-

100.00%

$

3,793,782‌

(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

$18,257

or

0.48%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(d)

Non-income

producing

security

(e)

The

value

of

these

investments

was

determined

using

significant

unobservable

inputs,

in

good

faith

by

the

Manager,

under

procedures

established

and

periodically

reviewed

by

the

Board

of

Directors.

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

93

(f)

Restricted

Security.

Please

see

Restricted

Securities

sub-schedule

for

additional

information.

(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

$2,389,522

or

62.99%

of

net

assets.

(h)

Certain

variable

rate

securities

are

not

based

on

a

published

reference

rate

and

spread

but

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.

Rate

shown

is

the

rate

in

effect

as

of

period

end.

(i)

Security

or

a

portion

of

the

security

was

on

loan.  At

the

end

of

the

period,

the

value

of

these

securities

totaled

$17,282

or

0.46%

of

net

assets.

(j)

Security

purchased

on

a

when-issued

basis.

(k)

Payment

in

kind;

the

issuer

has

the

option

of

paying

additional

securities

in

lieu

of

cash.

(l)

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.

(m)

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.

(n)

Rate

information

disclosed

is

based

on

an

average

weighted

rate

of

the

underlying

tranches

as

of

period

end.

(o)

This

Senior

Floating

Rate

Note

will

settle

after

July

31,

2021,

at

which

time

the

interest

rate

will

be

determined.

Portfolio

Summary  (unaudited)

Sector

Percent

Consumer,

Cyclical

19.94‌%

Consumer,

Non-cyclical

16.58‌%

Communications

14.32‌%

Financial

12.08‌%

Energy

11.37‌%

Industrial

11.36‌%

Basic

Materials

5.27‌%

Technology

4.92‌%

Money

Market

Funds

3.63‌%

Utilities

1.26‌%

Diversified

0.02‌%

Other

Assets

and

Liabilities

(0.75‌)%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

145,168‌

$

1,788,658‌

$

1,802,934‌

$

130,892‌

$

145,168‌

$

1,788,658‌

$

1,802,934‌

$

130,892‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Restricted

Securities

Security

Name

Acquisition

Date

Cost

Value

Percent

of

Net

Assets

High

Ridge

Brands

-

Escrow  

0.00%,

03/15/2025

10/27/2017-01/24/2018

$

4,690‌

$

62‌

0.00%

Real

Alloy

Holding

Inc  

11.00%,

11/30/2023

05/31/2018-06/30/2020

4,697‌

4,697‌

0.12%

Specialty

Steel  

11.00%,

11/15/2026

06/04/2021

8,680‌

8,680‌

0.23%

SportsNet

New

York  

10.25%,

01/15/2025

12/27/2017

4,068‌

4,166‌

0.11%

Utex

Industries

-

Warrants

12/03/2020

—‌

—‌

0.00%

Total

$

17,605‌

0.46%

Amounts

in

thousands.

Foreign

Currency

Contracts

Unrealized

Appreciation/(Depreciation)

Counterparty

Settlement

Date

Currency

to

Accept

Currency

to

Deliver

Asset

Liability

Bank

of

New

York

Mellon

08/24/2021

EUR

5,570‌

$

6,636‌

$

—‌

$

(26‌)

Bank

of

New

York

Mellon

08/24/2021

$

6,817‌

EUR

5,570‌

207‌

—‌

Total

$

207‌

$

(26‌)

Amounts

in

thousands.

Exchange

Cleared

Credit

Default

Swaps

Sell

Protection

Reference

Entity

Implied

Credit

Spread

as

of

July

31,

2021

(a)

(Pay)/

Receive

Fixed

Rate

Payment

Frequency

Maturity

Date

Notional

Amount

(b)

Upfront

Payments/

(Receipts)

Unrealized

Appreciation/

(Depreciation)

Fair

Value

(c)

CDX.NA.HY.36

N/A

5.00%

Quarterly

06/20/2026

$

62,800‌

$

5,925‌

$

(148‌)

$

5,777‌

Total

$

5,925‌

$

(148‌)

$

5,777‌

Amounts

in

thousands.

Schedule

of

Investments

High

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

94

Exchange

Cleared

Credit

Default

Swaps

(continued)

(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

$62,800.

(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.

Schedule

of

Investments

High

Yield

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

95

INVESTMENT

COMPANIES

-

1

.92

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

1

.92

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(a),(b)

3,112,370‌

$

3,112‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

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

52,710,700‌

52,711‌

$

55,823‌

TOTAL

INVESTMENT

COMPANIES

$

55,823‌

COMMON

STOCKS

-

0

.85

%

Shares

Held

Value

(000's)

Diversified

Financial

Services

-

0

.00

%

Avation

PLC

-

Warrants

(d)

103,250‌

$

—‌

Oil

&

Gas

-

0

.82

%

EP

Energy

Corp

(d)

161,700‌

16,008‌

Mesquite

Energy

Inc

(d),(e)

15,341‌

60‌

Oasis

Petroleum

Inc

55,691‌

5,108‌

Unit

Corp

(d)

148,325‌

2,818‌

$

23,994‌

Retail

-

0

.03

%

Claire's

Holdings

LLC

(d)

4,036‌

746‌

TOTAL

COMMON

STOCKS

$

24,740‌

BONDS

-

85

.57

%

Principal

Amount

(000's)

Value

(000's)

Aerospace

&

Defense

-

1

.63

%

SSL

Robotics

LLC

9.75%,

12/31/2023

(f)

$

1,783‌

$

1,963‌

TransDigm

Inc

4.88%,

05/01/2029

(f)

5,120‌

5,128‌

6.25%,

03/15/2026

(f)

12,880‌

13,508‌

6.38%,

06/15/2026

5,935‌

6,135‌

7.50%,

03/15/2027

3,875‌

4,105‌

8.00%,

12/15/2025

(f)

1,065‌

1,144‌

Triumph

Group

Inc

7.75%,

08/15/2025

(g)

11,980‌

12,040‌

8.88%,

06/01/2024

(f)

3,088‌

3,420‌

$

47,443‌

Airlines

-

0

.50

%

American

Airlines

2015-1

Class

B

Pass

Through

Trust

3.70%,

11/01/2024

1,326‌

1,300‌

American

Airlines

Inc/AAdvantage

Loyalty

IP

Ltd

5.75%,

04/20/2029

(f)

1,525‌

1,645‌

Hawaiian

Brand

Intellectual

Property

Ltd

/

HawaiianMiles

Loyalty

Ltd

5.75%,

01/20/2026

(f)

7,095‌

7,437‌

United

Airlines

2016-1

Class

B

Pass

Through

Trust

3.65%,

07/07/2027

4,311‌

4,291‌

$

14,673‌

Automobile

Manufacturers

-

2

.59

%

Aston

Martin

Capital

Holdings

Ltd

10.50%,

11/30/2025

(f)

6,545‌

7,265‌

Ford

Motor

Co

8.50%,

04/21/2023

12,895‌

14,316‌

9.00%,

04/22/2025

15,580‌

19,178‌

9.63%,

04/22/2030

1,225‌

1,769‌

Ford

Motor

Credit

Co

LLC

3.38%,

11/13/2025

7,735‌

8,075‌

4.39%,

01/08/2026

5,025‌

5,452‌

4.54%,

08/01/2026

9,495‌

10,313‌

5.13%,

06/16/2025

5,430‌

5,980‌

Mclaren

Finance

PLC

7.50%,

08/01/2026

(f),(h)

2,990‌

3,035‌

$

75,383‌

Automobile

Parts

&

Equipment

-

1

.64

%

American

Axle

&

Manufacturing

Inc

6.25%,

04/01/2025

373‌

386‌

6.25%,

03/15/2026

5,205‌

5,379‌

6.88%,

07/01/2028

(g)

7,835‌

8,520‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Automobile

Parts

&

Equipment

(continued)

Dana

Inc

4.25%,

09/01/2030

$

845‌

$

878‌

5.38%,

11/15/2027

9,100‌

9,623‌

5.63%,

06/15/2028

5,040‌

5,423‌

Tenneco

Inc

5.00%,

07/15/2026

1,590‌

1,568‌

5.13%,

04/15/2029

(f)

6,535‌

6,715‌

7.88%,

01/15/2029

(f)

8,260‌

9,334‌

$

47,826‌

Banks

-

1

.64

%

Barclays

PLC

5.09%,

06/20/2030

(i)

6,395‌

7,503‌

3

Month

USD

LIBOR

+

3.05%

7.75%,

09/15/2023

(i),(j),(k)

6,795‌

7,449‌

USD

Swap

Semi-Annual

5

Year

+

4.84%

CIT

Group

Inc

5.80%,

06/15/2022

(i),(j)

7,324‌

7,522‌

3

Month

USD

LIBOR

+

3.97%

Deutsche

Bank

AG

4.30%,

05/24/2028

(i)

7,350‌

7,610‌

USD

Swap

Semi-Annual

5

Year

+

2.25%

6.00%,

10/30/2025

(i),(j),(k)

7,955‌

8,333‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.52%

JPMorgan

Chase

&

Co

4.60%,

02/01/2025

(i),(j)

7,215‌

7,467‌

Secured

Overnight

Financing

Rate

+

3.13%

Popular

Inc

6.13%,

09/14/2023

1,793‌

1,932‌

$

47,816‌

Building

Materials

-

2

.09

%

Builders

FirstSource

Inc

5.00%,

03/01/2030

(f)

4,065‌

4,324‌

6.75%,

06/01/2027

(f)

5,547‌

5,935‌

Griffon

Corp

5.75%,

03/01/2028

12,075‌

12,704‌

Patrick

Industries

Inc

4.75%,

05/01/2029

(f)

9,260‌

9,452‌

7.50%,

10/15/2027

(f)

5,475‌

5,954‌

SRM

Escrow

Issuer

LLC

6.00%,

11/01/2028

(f)

20,925‌

22,338‌

$

60,707‌

Chemicals

-

1

.69

%

CF

Industries

Inc

4.95%,

06/01/2043

3,860‌

4,755‌

5.15%,

03/15/2034

4,610‌

5,716‌

Consolidated

Energy

Finance

SA

6.50%,

05/15/2026

(f)

10,520‌

10,638‌

6.88%,

06/15/2025

(f)

7,475‌

7,588‌

Element

Solutions

Inc

3.88%,

09/01/2028

(f)

11,343‌

11,573‌

Tronox

Inc

4.63%,

03/15/2029

(f)

8,735‌

8,877‌

$

49,147‌

Commercial

Services

-

1

.74

%

ADT

Security

Corp/The

4.13%,

08/01/2029

(f)

4,565‌

4,592‌

Ahern

Rentals

Inc

7.38%,

05/15/2023

(f),(g)

8,064‌

7,313‌

Garda

World

Security

Corp

6.00%,

06/01/2029

(f)

3,205‌

3,137‌

9.50%,

11/01/2027

(f)

8,286‌

9,032‌

Prime

Security

Services

Borrower

LLC

/

Prime

Finance

Inc

3.38%,

08/31/2027

(f)

3,240‌

3,152‌

6.25%,

01/15/2028

(f)

11,145‌

11,631‌

Schedule

of

Investments

High

Yield

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

96

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Services

(continued)

United

Rentals

North

America

Inc

3.88%,

02/15/2031

$

5,775‌

$

5,940‌

4.88%,

01/15/2028

2,815‌

2,973‌

5.25%,

01/15/2030

2,595‌

2,840‌

$

50,610‌

Computers

-

0

.52

%

Austin

BidCo

Inc

7.13%,

12/15/2028

(f)

4,042‌

4,133‌

NCR

Corp

5.13%,

04/15/2029

(f)

10,655‌

11,090‌

$

15,223‌

Consumer

Products

-

0

.61

%

ACCO

Brands

Corp

4.25%,

03/15/2029

(f)

13,355‌

13,338‌

Kronos

Acquisition

Holdings

Inc

/

KIK

Custom

Products

Inc

5.00%,

12/31/2026

(f)

4,335‌

4,396‌

$

17,734‌

Distribution

&

Wholesale

-

0

.65

%

Avient

Corp

5.75%,

05/15/2025

(f)

11,475‌

12,049‌

H&E

Equipment

Services

Inc

3.88%,

12/15/2028

(f)

6,805‌

6,745‌

$

18,794‌

Diversified

Financial

Services

-

3

.15

%

AerCap

Holdings

NV

5.88%,

10/10/2079

(i)

11,870‌

12,463‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.54%

Avation

Capital

SA

8.25%,

PIK

9.00%;

10/31/2026

(f),(l),(m)

5,900‌

4,809‌

Credit

Acceptance

Corp

5.13%,

12/31/2024

(f)

7,605‌

7,862‌

6.63%,

03/15/2026

5,245‌

5,533‌

Global

Aircraft

Leasing

Co

Ltd

6.50%,

PIK

7.25%;

09/15/2024

(f),(l),(m)

9,132‌

9,177‌

LD

Holdings

Group

LLC

6.13%,

04/01/2028

(f)

8,625‌

8,563‌

LPL

Holdings

Inc

4.00%,

03/15/2029

(f)

12,975‌

13,170‌

OneMain

Finance

Corp

4.00%,

09/15/2030

6,460‌

6,428‌

6.63%,

01/15/2028

2,730‌

3,153‌

6.88%,

03/15/2025

11,790‌

13,374‌

7.13%,

03/15/2026

3,140‌

3,697‌

8.88%,

06/01/2025

3,095‌

3,404‌

$

91,633‌

Electric

-

1

.41

%

Clearway

Energy

Operating

LLC

4.75%,

03/15/2028

(f)

9,910‌

10,504‌

Elwood

Energy

LLC

8.16%,

07/05/2026

3,699‌

3,967‌

NextEra

Energy

Operating

Partners

LP

4.25%,

07/15/2024

(f)

7,190‌

7,560‌

Pattern

Energy

Operations

LP

/

Pattern

Energy

Operations

Inc

4.50%,

08/15/2028

(f)

7,160‌

7,391‌

Vistra

Operations

Co

LLC

4.38%,

05/01/2029

(f)

11,405‌

11,690‌

$

41,112‌

Electrical

Components

&

Equipment

-

0

.28

%

WESCO

Distribution

Inc

7.13%,

06/15/2025

(f)

1,235‌

1,327‌

7.25%,

06/15/2028

(f)

6,165‌

6,862‌

$

8,189‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Electronics

-

0

.88

%

Imola

Merger

Corp

4.75%,

05/15/2029

(f)

$

6,410‌

$

6,616‌

Sensata

Technologies

BV

4.00%,

04/15/2029

(f)

7,790‌

7,994‌

5.00%,

10/01/2025

(f)

6,405‌

7,150‌

Sensata

Technologies

Inc

3.75%,

02/15/2031

(f)

1,290‌

1,300‌

4.38%,

02/15/2030

(f)

2,440‌

2,611‌

$

25,671‌

Engineering

&

Construction

-

0

.90

%

Global

Infrastructure

Solutions

Inc

5.63%,

06/01/2029

(f)

10,180‌

10,447‌

MasTec

Inc

4.50%,

08/15/2028

(f)

15,010‌

15,829‌

$

26,276‌

Entertainment

-

4

.13

%

Boyne

USA

Inc

4.75%,

05/15/2029

(f)

10,030‌

10,343‌

Caesars

Entertainment

Inc

6.25%,

07/01/2025

(f)

3,215‌

3,392‌

8.13%,

07/01/2027

(f)

17,850‌

19,629‌

Caesars

Resort

Collection

LLC

/

CRC

Finco

Inc

5.25%,

10/15/2025

(f)

12,290‌

12,390‌

CCM

Merger

Inc

6.38%,

05/01/2026

(f)

9,860‌

10,321‌

International

Game

Technology

PLC

5.25%,

01/15/2029

(f)

6,590‌

7,034‌

6.25%,

01/15/2027

(f)

2,030‌

2,303‌

6.50%,

02/15/2025

(f)

7,815‌

8,720‌

Lions

Gate

Capital

Holdings

LLC

5.50%,

04/15/2029

(f)

16,565‌

16,958‌

Peninsula

Pacific

Entertainment

LLC

/

Peninsula

Pacific

Entertainment

Finance

Inc

8.50%,

11/15/2027

(f)

10,800‌

11,637‌

Scientific

Games

International

Inc

7.25%,

11/15/2029

(f)

3,470‌

3,891‌

8.63%,

07/01/2025

(f)

12,595‌

13,603‌

$

120,221‌

Environmental

Control

-

0

.26

%

Madison

IAQ

LLC

4.13%,

06/30/2028

(f)

7,500‌

7,511‌

Food

-

4

.86

%

Albertsons

Cos

Inc

/

Safeway

Inc

/

New

Albertsons

LP

/

Albertsons

LLC

4.63%,

01/15/2027

(f)

18,280‌

19,340‌

5.88%,

02/15/2028

(f)

905‌

968‌

Chobani

LLC

/

Chobani

Finance

Corp

Inc

4.63%,

11/15/2028

(f)

7,450‌

7,750‌

7.50%,

04/15/2025

(f)

5,786‌

6,030‌

Fresh

Market

Inc/The

9.75%,

05/01/2023

(f)

14,575‌

15,012‌

JBS

Finance

Luxembourg

Sarl

3.63%,

01/15/2032

(f)

15,275‌

15,379‌

Kraft

Heinz

Foods

Co

3.75%,

04/01/2030

8,770‌

9,706‌

4.25%,

03/01/2031

12,220‌

14,102‌

4.38%,

06/01/2046

12,625‌

14,547‌

Pilgrim's

Pride

Corp

4.25%,

04/15/2031

(f)

15,290‌

16,257‌

Post

Holdings

Inc

4.50%,

09/15/2031

(f)

155‌

157‌

4.63%,

04/15/2030

(f)

21,739‌

22,147‌

$

141,395‌

Forest

Products

&

Paper

-

0

.47

%

Mercer

International

Inc

5.13%,

02/01/2029

7,975‌

8,125‌

Schedule

of

Investments

High

Yield

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

97

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Forest

Products

&

Paper

(continued)

Sappi

Papier

Holding

GmbH

7.50%,

06/15/2032

(f)

$

4,886‌

$

5,423‌

$

13,548‌

Healthcare

-

Products

-

0

.25

%

Avantor

Funding

Inc

4.63%,

07/15/2028

(f)

7,045‌

7,415‌

Healthcare

-

Services

-

5

.10

%

Acadia

Healthcare

Co

Inc

5.00%,

04/15/2029

(f)

10,020‌

10,496‌

AHP

Health

Partners

Inc

5.75%,

07/15/2029

(f)

9,310‌

9,415‌

Centene

Corp

2.63%,

08/01/2031

(h)

7,735‌

7,793‌

3.00%,

10/15/2030

1,820‌

1,891‌

3.38%,

02/15/2030

17,025‌

17,762‌

CHS/Community

Health

Systems

Inc

5.63%,

03/15/2027

(f)

2,735‌

2,896‌

6.00%,

01/15/2029

(f)

4,055‌

4,313‌

8.00%,

03/15/2026

(f)

1,480‌

1,587‌

8.00%,

12/15/2027

(f)

13,473‌

14,901‌

DaVita

Inc

4.63%,

06/01/2030

(f)

14,655‌

15,150‌

HCA

Inc

3.50%,

09/01/2030

21,415‌

23,256‌

LifePoint

Health

Inc

5.38%,

01/15/2029

(f)

10,370‌

10,318‌

Molina

Healthcare

Inc

4.38%,

06/15/2028

(f)

7,065‌

7,392‌

Tenet

Healthcare

Corp

6.13%,

10/01/2028

(f)

16,840‌

17,934‌

6.25%,

02/01/2027

(f)

1,175‌

1,223‌

7.50%,

04/01/2025

(f)

2,115‌

2,274‌

$

148,601‌

Home

Builders

-

1

.53

%

Century

Communities

Inc

5.88%,

07/15/2025

6,775‌

6,963‌

Empire

Communities

Corp

7.00%,

12/15/2025

(f)

6,240‌

6,575‌

Forestar

Group

Inc

3.85%,

05/15/2026

(f)

4,390‌

4,434‌

5.00%,

03/01/2028

(f)

8,370‌

8,721‌

LGI

Homes

Inc

4.00%,

07/15/2029

(f)

3,730‌

3,784‌

Picasso

Finance

Sub

Inc

6.13%,

06/15/2025

(f)

3,890‌

4,123‌

Taylor

Morrison

Communities

Inc

5.75%,

01/15/2028

(f)

1,535‌

1,729‌

Taylor

Morrison

Communities

Inc

/

Taylor

Morrison

Holdings

II

Inc

5.63%,

03/01/2024

(f)

5,500‌

5,947‌

Williams

Scotsman

International

Inc

4.63%,

08/15/2028

(f)

2,180‌

2,245‌

$

44,521‌

Home

Furnishings

-

0

.42

%

WASH

Multifamily

Acquisition

Inc

5.75%,

04/15/2026

(f)

11,620‌

12,157‌

Insurance

-

1

.66

%

Acrisure

LLC

/

Acrisure

Finance

Inc

4.25%,

02/15/2029

(f)

5,275‌

5,136‌

AssuredPartners

Inc

7.00%,

08/15/2025

(f)

6,800‌

6,919‌

Voya

Financial

Inc

5.65%,

05/15/2053

(i)

34,307‌

36,277‌

3

Month

USD

LIBOR

+

3.58%

$

48,332‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Internet

-

0

.70

%

Netflix

Inc

4.38%,

11/15/2026

$

14,505‌

$

16,455‌

5.38%,

11/15/2029

(f)

2,440‌

3,010‌

Uber

Technologies

Inc

7.50%,

09/15/2027

(f)

965‌

1,055‌

$

20,520‌

Investment

Companies

-

0

.22

%

Compass

Group

Diversified

Holdings

LLC

5.25%,

04/15/2029

(f)

6,200‌

6,432‌

Iron

&

Steel

-

1

.50

%

Cleveland-Cliffs

Inc

4.63%,

03/01/2029

(f),(g)

10,575‌

11,223‌

4.88%,

03/01/2031

(f)

4,670‌

5,044‌

6.75%,

03/15/2026

(f)

925‌

998‌

Commercial

Metals

Co

4.88%,

05/15/2023

9,523‌

9,999‌

TMS

International

Corp/DE

6.25%,

04/15/2029

(f)

6,490‌

6,805‌

United

States

Steel

Corp

6.88%,

03/01/2029

8,850‌

9,606‌

$

43,675‌

Leisure

Products

&

Services

-

1

.53

%

Life

Time

Inc

5.75%,

01/15/2026

(f)

11,645‌

11,848‌

NCL

Corp

Ltd

10.25%,

02/01/2026

(f)

1,480‌

1,691‌

12.25%,

05/15/2024

(f)

10,020‌

11,824‌

Royal

Caribbean

Cruises

Ltd

5.50%,

04/01/2028

(f)

7,120‌

7,260‌

Viking

Cruises

Ltd

13.00%,

05/15/2025

(f)

1,600‌

1,856‌

VOC

Escrow

Ltd

5.00%,

02/15/2028

(f)

10,010‌

9,935‌

$

44,414‌

Machinery

-

Diversified

-

0

.47

%

Maxim

Crane

Works

Holdings

Capital

LLC

10.13%,

08/01/2024

(f)

13,355‌

13,739‌

Media

-

7

.62

%

Altice

Financing

SA

7.50%,

05/15/2026

(f)

14,435‌

15,016‌

AMC

Networks

Inc

4.75%,

08/01/2025

14,650‌

15,016‌

CCO

Holdings

LLC

/

CCO

Holdings

Capital

Corp

4.25%,

02/01/2031

(f)

1,850‌

1,909‌

4.50%,

08/15/2030

(f)

15,960‌

16,758‌

4.75%,

03/01/2030

(f)

17,645‌

18,703‌

5.38%,

06/01/2029

(f)

9,270‌

10,089‌

CSC

Holdings

LLC

5.50%,

04/15/2027

(f)

3,195‌

3,343‌

6.50%,

02/01/2029

(f)

16,060‌

17,713‌

7.50%,

04/01/2028

(f)

2,872‌

3,132‌

Diamond

Sports

Group

LLC

/

Diamond

Sports

Finance

Co

5.38%,

08/15/2026

(f)

9,850‌

5,713‌

DIRECTV

Holdings

LLC

/

DIRECTV

Financing

Co

Inc

5.88%,

08/15/2027

(f),(h)

2,090‌

2,161‌

DISH

DBS

Corp

5.13%,

06/01/2029

(f)

2,385‌

2,364‌

5.88%,

11/15/2024

10,285‌

11,081‌

7.38%,

07/01/2028

11,460‌

12,399‌

LCPR

Senior

Secured

Financing

DAC

5.13%,

07/15/2029

(f)

7,345‌

7,510‌

6.75%,

10/15/2027

(f)

9,580‌

10,222‌

Schedule

of

Investments

High

Yield

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

98

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Media

(continued)

Radiate

Holdco

LLC

/

Radiate

Finance

Inc

4.50%,

09/15/2026

(f)

$

2,140‌

$

2,215‌

6.50%,

09/15/2028

(f)

4,695‌

4,879‌

Scripps

Escrow

II

Inc

5.38%,

01/15/2031

(f)

7,525‌

7,506‌

Sirius

XM

Radio

Inc

4.00%,

07/15/2028

(f)

13,450‌

13,876‌

4.13%,

07/01/2030

(f)

2,940‌

3,033‌

UPC

Holding

BV

5.50%,

01/15/2028

(f)

15,110‌

15,903‌

Ziggo

Bond

Co

BV

6.00%,

01/15/2027

(f)

13,915‌

14,490‌

Ziggo

BV

5.50%,

01/15/2027

(f)

6,495‌

6,734‌

$

221,765‌

Mining

-

3

.81

%

ACN

113

874

712

Pty

Ltd

0.00%,

02/15/2018

(d),(f)

10,465‌

10‌

Copper

Mountain

Mining

Corp

8.00%,

04/09/2026

(f)

9,600‌

9,984‌

First

Quantum

Minerals

Ltd

6.88%,

10/15/2027

(f)

3,750‌

4,064‌

7.25%,

04/01/2023

(f)

3,185‌

3,245‌

7.50%,

04/01/2025

(f)

9,070‌

9,400‌

Freeport-McMoRan

Inc

4.25%,

03/01/2030

10,955‌

11,818‌

4.63%,

08/01/2030

3,975‌

4,367‌

Hudbay

Minerals

Inc

4.50%,

04/01/2026

(f)

4,270‌

4,345‌

6.13%,

04/01/2029

(f)

7,295‌

7,860‌

IAMGOLD

Corp

5.75%,

10/15/2028

(f)

10,390‌

10,676‌

New

Gold

Inc

7.50%,

07/15/2027

(f)

12,105‌

13,038‌

Novelis

Corp

4.75%,

01/30/2030

(f)

13,810‌

14,705‌

Taseko

Mines

Ltd

7.00%,

02/15/2026

(f)

16,905‌

17,396‌

$

110,908‌

Miscellaneous

Manufacturers

-

0

.42

%

Bombardier

Inc

7.13%,

06/15/2026

(f)

4,630‌

4,815‌

7.50%,

03/15/2025

(f)

7,400‌

7,540‌

$

12,355‌

Oil

&

Gas

-

7

.08

%

Aethon

United

BR

LP

/

Aethon

United

Finance

Corp

8.25%,

02/15/2026

(f)

18,490‌

19,779‌

Antero

Resources

Corp

5.00%,

03/01/2025

(g)

3,382‌

3,441‌

7.63%,

02/01/2029

(f)

6,930‌

7,595‌

8.38%,

07/15/2026

(f)

2,641‌

2,988‌

Ascent

Resources

Utica

Holdings

LLC

/

ARU

Finance

Corp

7.00%,

11/01/2026

(f)

12,255‌

12,653‌

Comstock

Resources

Inc

5.88%,

01/15/2030

(f)

5,950‌

5,986‌

6.75%,

03/01/2029

(f)

6,780‌

7,084‌

7.50%,

05/15/2025

(f)

1,978‌

2,047‌

Continental

Resources

Inc/OK

5.75%,

01/15/2031

(f)

7,635‌

9,203‌

CrownRock

LP

/

CrownRock

Finance

Inc

5.00%,

05/01/2029

(f)

2,790‌

2,912‌

5.63%,

10/15/2025

(f)

11,600‌

11,890‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Oil

&

Gas

(continued)

Endeavor

Energy

Resources

LP

/

EER

Finance

Inc

5.50%,

01/30/2026

(f)

$

7,665‌

$

7,905‌

6.63%,

07/15/2025

(f)

5,520‌

5,837‌

ESC

GCB

Unit

-

Escrow

0.00%,

07/23/2021

(d),(e)

8,600‌

—‌

Hilcorp

Energy

I

LP

/

Hilcorp

Finance

Co

5.75%,

02/01/2029

(f)

3,985‌

4,058‌

6.00%,

02/01/2031

(f)

4,530‌

4,728‌

MEG

Energy

Corp

5.88%,

02/01/2029

(f)

4,410‌

4,553‌

6.50%,

01/15/2025

(f)

6,001‌

6,189‌

7.13%,

02/01/2027

(f)

4,035‌

4,234‌

Mesquite

Energy

Corp

-

Escrow

0.00%,

02/15/2023

(d)

4,268‌

96‌

Oasis

Petroleum

Inc

6.38%,

06/01/2026

(f)

5,400‌

5,589‌

Occidental

Petroleum

Corp

3.40%,

04/15/2026

9,415‌

9,509‌

4.40%,

04/15/2046

6,585‌

6,460‌

5.55%,

03/15/2026

14,105‌

15,439‌

6.13%,

01/01/2031

7,015‌

8,287‌

6.63%,

09/01/2030

7,720‌

9,418‌

Shelf

Drilling

Holdings

Ltd

8.88%,

11/15/2024

(f)

3,855‌

3,951‌

Southwestern

Energy

Co

7.75%,

10/01/2027

20,695‌

22,195‌

Transocean

Inc

11.50%,

01/30/2027

(f)

2,058‌

2,048‌

$

206,074‌

Packaging

&

Containers

-

2

.79

%

Ardagh

Packaging

Finance

PLC

/

Ardagh

Holdings

USA

Inc

4.13%,

08/15/2026

(f)

5,015‌

5,178‌

5.25%,

08/15/2027

(f)

4,725‌

4,825‌

6.00%,

02/15/2025

(f)

9,265‌

9,552‌

Cascades

Inc/Cascades

USA

Inc

5.38%,

01/15/2028

(f)

13,810‌

14,535‌

Crown

Americas

LLC

/

Crown

Americas

Capital

Corp

VI

4.75%,

02/01/2026

5,490‌

5,682‌

Crown

Cork

&

Seal

Co

Inc

7.38%,

12/15/2026

13,099‌

16,099‌

Flex

Acquisition

Co

Inc

6.88%,

01/15/2025

(f)

6,090‌

6,167‌

7.88%,

07/15/2026

(f)

5,705‌

5,943‌

Mauser

Packaging

Solutions

Holding

Co

7.25%,

04/15/2025

(f)

13,530‌

13,206‌

$

81,187‌

Pharmaceuticals

-

0

.68

%

Bausch

Health

Americas

Inc

8.50%,

01/31/2027

(f)

12,710‌

13,741‌

Jazz

Securities

DAC

4.38%,

01/15/2029

(f)

5,720‌

5,962‌

$

19,703‌

Pipelines

-

4

.76

%

Antero

Midstream

Partners

LP

/

Antero

Midstream

Finance

Corp

5.38%,

06/15/2029

(f)

5,840‌

5,997‌

5.75%,

03/01/2027

(f)

9,965‌

10,264‌

Buckeye

Partners

LP

3.95%,

12/01/2026

6,905‌

6,994‌

4.13%,

12/01/2027

9,680‌

9,873‌

Crestwood

Midstream

Partners

LP

/

Crestwood

Midstream

Finance

Corp

5.63%,

05/01/2027

(f)

14,640‌

14,967‌

Schedule

of

Investments

High

Yield

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

99

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pipelines

(continued)

DT

Midstream

Inc

4.13%,

06/15/2029

(f)

$

8,815‌

$

9,041‌

EnLink

Midstream

LLC

5.63%,

01/15/2028

(f)

12,835‌

13,582‌

EQM

Midstream

Partners

LP

6.00%,

07/01/2025

(f)

5,430‌

5,914‌

6.50%,

07/01/2027

(f)

8,050‌

9,036‌

Harvest

Midstream

I

LP

7.50%,

09/01/2028

(f)

6,140‌

6,565‌

Hess

Midstream

Operations

LP

5.63%,

02/15/2026

(f)

9,480‌

9,859‌

NuStar

Logistics

LP

5.63%,

04/28/2027

10,009‌

10,807‌

6.00%,

06/01/2026

2,835‌

3,062‌

Tallgrass

Energy

Partners

LP

/

Tallgrass

Energy

Finance

Corp

6.00%,

12/31/2030

(f)

7,145‌

7,502‌

Targa

Resources

Partners

LP

/

Targa

Resources

Partners

Finance

Corp

5.88%,

04/15/2026

4,317‌

4,517‌

6.50%,

07/15/2027

9,712‌

10,550‌

$

138,530‌

REITs

-

2

.21

%

HAT

Holdings

I

LLC

/

HAT

Holdings

II

LLC

3.38%,

06/15/2026

(f)

6,710‌

6,800‌

3.75%,

09/15/2030

(f)

2,360‌

2,350‌

6.00%,

04/15/2025

(f)

4,920‌

5,169‌

Ladder

Capital

Finance

Holdings

LLLP

/

Ladder

Capital

Finance

Corp

4.75%,

06/15/2029

(f)

10,425‌

10,386‌

Park

Intermediate

Holdings

LLC

/

PK

Domestic

Property

LLC

/

PK

Finance

Co-Issuer

4.88%,

05/15/2029

(f)

735‌

751‌

5.88%,

10/01/2028

(f)

3,590‌

3,832‌

7.50%,

06/01/2025

(f)

4,180‌

4,533‌

RLJ

Lodging

Trust

LP

3.75%,

07/01/2026

(f)

6,355‌

6,434‌

VICI

Properties

LP

/

VICI

Note

Co

Inc

4.13%,

08/15/2030

(f)

6,295‌

6,621‌

4.63%,

12/01/2029

(f)

5,765‌

6,169‌

XHR

LP

4.88%,

06/01/2029

(f)

11,133‌

11,377‌

$

64,422‌

Retail

-

4

.58

%

Academy

Ltd

6.00%,

11/15/2027

(f)

9,965‌

10,700‌

Ambience

Merger

Sub

Inc

4.88%,

07/15/2028

(f)

9,310‌

9,345‌

BCPE

Ulysses

Intermediate

Inc

7.75%,

PIK

8.50%;

04/01/2027

(f),(l),(m)

4,875‌

4,900‌

Dave

&

Buster's

Inc

7.63%,

11/01/2025

(f)

13,775‌

14,579‌

Doman

Building

Materials

Group

Ltd

5.25%,

05/15/2026

(f)

CAD

14,930‌

11,997‌

Golden

Nugget

Inc

6.75%,

10/15/2024

(f)

$

3,630‌

3,639‌

IRB

Holding

Corp

6.75%,

02/15/2026

(f)

3,635‌

3,735‌

7.00%,

06/15/2025

(f)

6,015‌

6,406‌

L

Brands

Inc

5.25%,

02/01/2028

11,165‌

12,559‌

6.63%,

10/01/2030

(f)

3,730‌

4,299‌

9.38%,

07/01/2025

(f)

4,345‌

5,632‌

LBM

Acquisition

LLC

6.25%,

01/15/2029

(f)

1,905‌

1,909‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Retail

(continued)

LSF9

Atlantis

Holdings

LLC

/

Victra

Finance

Corp

7.75%,

02/15/2026

(f)

$

13,245‌

$

13,841‌

Park

River

Holdings

Inc

5.63%,

02/01/2029

(f)

15,135‌

14,832‌

PetSmart

Inc

/

PetSmart

Finance

Corp

4.75%,

02/15/2028

(f)

11,370‌

11,805‌

7.75%,

02/15/2029

(f)

2,750‌

3,015‌

$

133,193‌

Savings

&

Loans

-

0

.00

%

Washington

Mutual

Bank

/

Henderson

NV

0.00%,

06/15/2011

(d),(e)

3,500‌

—‌

0.00%,

01/15/2013

(d)

3,000‌

1‌

0.00%,

01/15/2015

(d),(e)

2,000‌

—‌

$

1‌

Software

-

0

.63

%

Open

Text

Corp

3.88%,

02/15/2028

(f)

11,250‌

11,616‌

5.88%,

06/01/2026

(f)

6,635‌

6,851‌

$

18,467‌

Telecommunications

-

4

.12

%

Altice

France

Holding

SA

10.50%,

05/15/2027

(f)

7,205‌

7,925‌

Altice

France

SA/France

5.50%,

01/15/2028

(f)

3,595‌

3,685‌

8.13%,

02/01/2027

(f)

6,375‌

6,903‌

CommScope

Inc

7.13%,

07/01/2028

(f)

6,510‌

7,023‌

8.25%,

03/01/2027

(f)

20,265‌

21,456‌

Embarq

Corp

8.00%,

06/01/2036

13,270‌

14,862‌

Level

3

Financing

Inc

3.63%,

01/15/2029

(f)

4,870‌

4,731‌

4.25%,

07/01/2028

(f)

5,660‌

5,763‌

Sprint

Corp

7.63%,

03/01/2026

6,610‌

8,074‌

Telecom

Italia

Capital

SA

6.38%,

11/15/2033

3,120‌

3,689‌

Telecom

Italia

SpA/Milano

5.30%,

05/30/2024

(f)

13,065‌

14,167‌

T-Mobile

USA

Inc

2.63%,

02/15/2029

7,580‌

7,582‌

Windstream

Escrow

LLC

/

Windstream

Escrow

Finance

Corp

7.75%,

08/15/2028

(f)

6,910‌

7,048‌

Zayo

Group

Holdings

Inc

4.00%,

03/01/2027

(f)

7,110‌

7,074‌

$

119,982‌

Transportation

-

1

.85

%

Eletson

Holdings

Inc

/

Eletson

Finance

US

LLC

/

Agathonissos

Finance

LLC

0.00%,

01/15/2022

(d),(e)

18,905‌

1,701‌

Navios

Maritime

Acquisition

Corp

/

Navios

Acquisition

Finance

US

Inc

8.13%,

11/15/2021

(f)

14,660‌

12,021‌

Navios

Maritime

Holdings

Inc

/

Navios

Maritime

Finance

II

US

Inc

7.38%,

01/15/2022

(f)

7,000‌

6,054‌

11.25%,

08/15/2022

(f)

3,610‌

3,592‌

Navios

South

American

Logistics

Inc

/

Navios

Logistics

Finance

US

Inc

10.75%,

07/01/2025

(f)

6,805‌

7,384‌

Watco

Cos

LLC

/

Watco

Finance

Corp

6.50%,

06/15/2027

(f)

11,147‌

11,918‌

Schedule

of

Investments

High

Yield

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

100

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Transportation

(continued)

XPO

Logistics

Inc

6.25%,

05/01/2025

(f)

$

10,610‌

$

11,260‌

$

53,930‌

TOTAL

BONDS

$

2,491,235‌

CONVERTIBLE

BONDS

-

0

.00

%

Principal

Amount

(000's)

Value

(000's)

Food

-

0

.00

%

Fresh

Express

Delivery

Holding

Group

Co

Ltd

-

Escrow

0.00%,

11/09/2009

(d),(e)

HKD

46,500‌

$

—‌

0.00%,

10/18/2010

(d),(e)

CNY

245,000‌

—‌

$

—‌

TOTAL

CONVERTIBLE

BONDS

$

—‌

SENIOR

FLOATING

RATE

INTERESTS

-

11

.29

%

Principal

Amount

(000's)

Value

(000's)

Airlines

-

1

.47

%

AAdvantage

Loyalty

IP

Ltd

5.50%,

03/10/2028

(n)

$

18,790‌

$

19,293‌

1

Month

USD

LIBOR

+

4.75%

Mileage

Plus

Holdings

LLC

6.25%,

06/21/2027

(n)

10,000‌

10,584‌

1

Month

USD

LIBOR

+

5.25%

United

Airlines

Inc

4.50%,

04/14/2028

(n)

12,933‌

12,937‌

1

Month

USD

LIBOR

+

3.75%

$

42,814‌

Chemicals

-

0

.52

%

Aruba

Investments

Holdings

LLC

8.50%,

10/27/2028

(n)

15,000‌

15,025‌

1

Month

USD

LIBOR

+

7.75%

Commercial

Services

-

0

.21

%

Garda

World

Security

Corp

4.34%,

10/30/2026

(n)

2,899‌

2,893‌

1

Month

USD

LIBOR

+

4.25%

Prime

Security

Services

Borrower

LLC

3.50%,

09/23/2026

(n)

3,135‌

3,120‌

1

Month

USD

LIBOR

+

2.75%

$

6,013‌

Computers

-

0

.10

%

Virtusa

Corp

5.00%,

12/09/2027

(n)

2,993‌

3,000‌

1

Month

USD

LIBOR

+

4.25%

Consumer

Products

-

0

.60

%

Kronos

Acquisition

Holdings

Inc

4.25%,

12/22/2026

(n)

17,746‌

17,530‌

1

Month

USD

LIBOR

+

3.75%

Diversified

Financial

Services

-

0

.35

%

Russell

Investments

US

Institutional

Holdco

Inc

4.50%,

06/02/2025

(n)

10,163‌

10,113‌

1

Month

USD

LIBOR

+

3.00%

Electronics

-

0

.10

%

Ingram

Micro

Inc

4.00%,

06/30/2028

(n)

2,800‌

2,800‌

1

Month

USD

LIBOR

+

3.50%

Entertainment

-

0

.48

%

CCM

Merger

Inc

4.50%,

10/29/2025

(n)

287‌

287‌

1

Month

USD

LIBOR

+

3.75%

Enterprise

Development

Authority/The

5.00%,

02/18/2028

(n)

13,173‌

13,173‌

1

Month

USD

LIBOR

+

4.25%

Landry's

Finance

Acquisition

Co

13.00%,

10/06/2023

(n)

500‌

550‌

1

Month

USD

LIBOR

+

12.00%

$

14,010‌

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Environmental

Control

-

0

.12

%

Madison

IAQ

LLC

3.75%,

06/21/2028

(n)

$

3,440‌

$

3,409‌

1

Month

USD

LIBOR

+

3.25%

Food

-

0

.50

%

Bellring

Brands

LLC

4.75%,

10/21/2024

(n)

14,614‌

14,667‌

1

Month

USD

LIBOR

+

4.00%

Forest

Products

&

Paper

-

0

.24

%

Pixelle

Specialty

Solutions

LLC

7.50%,

10/31/2024

(n)

7,116‌

7,107‌

1

Month

USD

LIBOR

+

6.50%

Healthcare

-

Services

-

0

.62

%

AHP

Health

Partners

Inc

4.75%,

06/30/2025

(n)

10,000‌

10,002‌

1

Month

USD

LIBOR

+

3.75%

LifePoint

Health

Inc

3.84%,

11/16/2025

(n)

7,980‌

7,909‌

1

Month

USD

LIBOR

+

3.75%

$

17,911‌

Insurance

-

1

.24

%

Acrisure

LLC

3.61%,

02/15/2027

(n)

10,142‌

9,952‌

1

Month

USD

LIBOR

+

3.50%

AssuredPartners

Inc

4.00%,

02/12/2027

(n)

8,100‌

8,076‌

1

Month

USD

LIBOR

+

3.50%

Asurion

LLC

5.34%,

01/29/2028

(n)

18,161‌

18,057‌

1

Month

USD

LIBOR

+

5.25%

$

36,085‌

Iron

&

Steel

-

0

.25

%

TMS

International

Corp/DE

3.75%,

08/14/2024

(n)

7,463‌

7,388‌

1

Month

USD

LIBOR

+

2.75%

Lodging

-

0

.44

%

Golden

Nugget

LLC

3.25%,

10/04/2023

(n)

12,883‌

12,750‌

1

Month

USD

LIBOR

+

2.50%

Media

-

0

.68

%

Directv

Financing

LLC

0.00%,

07/22/2027

(n),(o)

10,925‌

10,899‌

1

Month

USD

LIBOR

+

5.00%

Radiate

Holdco

LLC

4.25%,

09/25/2026

(n)

3,693‌

3,677‌

1

Month

USD

LIBOR

+

3.50%

UPC

Financing

Partnership

3.09%,

01/31/2029

(n)

5,250‌

5,193‌

1

Month

USD

LIBOR

+

3.00%

$

19,769‌

Oil

&

Gas

-

0

.08

%

Ascent

Resources

Utica

Holdings

LLC

10.00%,

11/01/2025

(n)

2,004‌

2,189‌

1

Month

USD

LIBOR

+

9.00%

Packaging

&

Containers

-

0

.18

%

Mauser

Packaging

Solutions

Holding

Co

3.34%,

04/03/2024

(n)

5,366‌

5,189‌

3

Month

USD

LIBOR

+

8.50%

Pharmaceuticals

-

1

.36

%

Bausch

Health

Americas

Inc

2.84%,

11/14/2025

(n)

5,600‌

5,541‌

3

Month

USD

LIBOR

+

8.75%

3.09%,

05/19/2025

(n)

17,088‌

16,960‌

3

Month

USD

LIBOR

+

7.50%

Endo

Luxembourg

Finance

Co

I

Sarl

5.75%,

03/27/2028

(n)

11,527‌

11,230‌

1

Month

USD

LIBOR

+

5.00%

Schedule

of

Investments

High

Yield

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

101

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pharmaceuticals

(continued)

Jazz

Financing

Lux

Sarl

4.00%,

04/21/2028

(n)

$

5,975‌

$

5,981‌

1

Month

USD

LIBOR

+

3.50%

$

39,712‌

Pipelines

-

0

.20

%

Buckeye

Partners

LP

2.35%,

11/01/2026

(n)

5,970‌

5,911‌

1

Month

USD

LIBOR

+

2.25%

Retail

-

1

.07

%

Academy

Ltd

4.50%,

11/05/2027

(n)

3,466‌

3,463‌

1

Month

USD

LIBOR

+

3.75%

Ambience

Merger

Sub

Inc

4.75%,

06/24/2028

(n)

6,690‌

6,684‌

1

Month

USD

LIBOR

+

4.25%

IRB

Holding

Corp

4.25%,

11/19/2027

(n)

15,636‌

15,572‌

1

Month

USD

LIBOR

+

3.25%

LBM

Acquisition

LLC

4.50%,

12/09/2027

(n)

5,441‌

5,387‌

1

Month

USD

LIBOR

+

3.75%

$

31,106‌

Telecommunications

-

0

.48

%

Maxar

Technologies

Ltd

2.85%,

10/05/2024

(n)

7,540‌

7,458‌

1

Month

USD

LIBOR

+

4.25%

Zayo

Group

Holdings

Inc

3.09%,

03/09/2027

(n)

6,757‌

6,642‌

1

Month

USD

LIBOR

+

3.00%

$

14,100‌

TOTAL

SENIOR

FLOATING

RATE

INTERESTS

$

328,598‌

Total

Investments

$

2,900,396‌

Other

Assets

and

Liabilities

-  0.37%

10,706‌

TOTAL

NET

ASSETS

-

100.00%

$

2,911,102‌

(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

$8,212

or

0.28%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(d)

Non-income

producing

security

(e)

The

value

of

these

investments

was

determined

using

significant

unobservable

inputs,

in

good

faith

by

the

Manager,

under

procedures

established

and

periodically

reviewed

by

the

Board

of

Directors.

(f)

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$1,809,681

or

62.16%

of

net

assets.

(g)

Security

or

a

portion

of

the

security

was

on

loan.  At

the

end

of

the

period,

the

value

of

these

securities

totaled

$7,950

or

0.27%

of

net

assets.

(h)

Security

purchased

on

a

when-issued

basis.

(i)

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.

(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)

Security

is

a

contingent

convertible

security,

("CoCo").

CoCo's

are

hybrid

debt

securities

that

may

convert

to

equity

or

have

their

principal

written

down

upon

occurrence

of

certain

"triggers".

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$15,782

or

0.54%

of

net

assets.

(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)

Payment

in

kind;

the

issuer

has

the

option

of

paying

additional

securities

in

lieu

of

cash.

(n)

Rate

information

disclosed

is

based

on

an

average

weighted

rate

of

the

underlying

tranches

as

of

period

end.

(o)

This

Senior

Floating

Rate

Note

will

settle

after

July

31,

2021,

at

which

time

the

interest

rate

will

be

determined.

Portfolio

Summary  (unaudited)

Sector

Percent

Consumer,

Cyclical

21

.06‌

%

Consumer,

Non-cyclical

16

.53‌

%

Communications

13

.60‌

%

Energy

12

.94‌

%

Industrial

11

.97‌

%

Financial

10

.47‌

%

Basic

Materials

8

.48‌

%

Money

Market

Funds

1

.92‌

%

Utilities

1

.41‌

%

Technology

1

.25‌

%

Other

Assets

and

Liabilities

0

.37‌

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

91,815‌

$

985,921‌

$

1,025,025‌

$

52,711‌

$

91,815‌

$

985,921‌

$

1,025,025‌

$

52,711‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Foreign

Currency

Contracts

Unrealized

Appreciation/(Depreciation)

Counterparty

Settlement

Date

Currency

to

Accept

Currency

to

Deliver

Asset

Liability

RBC

Dominon

Securities

Corp

08/19/2021

$

11,917‌

CAD

14,930‌

$

—‌

$

(

51‌

)

Total

$

—‌

$

(

51‌

)

Amounts

in

thousands.

Schedule

of

Investments

Inflation

Protection

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

102

INVESTMENT

COMPANIES

-

0

.79

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

0

.79

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(a),(b)

2,301,750‌

$

2,302‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(c),(d)

9,620,422‌

9,620‌

$

11,922‌

TOTAL

INVESTMENT

COMPANIES

$

11,922‌

BONDS

-

6

.10

%

Principal

Amount

(000's)

Value

(000's)

Banks

-

0

.51

%

Kreditanstalt

fuer

Wiederaufbau

0.00%,

09/17/2030

(d)

EUR

6,343‌

$

7,706‌

Commercial

Mortgage

Backed

Securities

-

0

.00

%

Commercial

Mortgage

Trust

2007-GG9

0.63%,

03/10/2039

(e),(f),(g)

$

305‌

3‌

Ginnie

Mae

1.59%,

03/16/2047

(e),(f)

82‌

1‌

ML-CFC

Commercial

Mortgage

Trust

2006-3

0.77%,

07/12/2046

(e),(f),(g)

54‌

—‌

$

4‌

Home

Equity

Asset

Backed

Securities

-

0

.00

%

Option

One

Mortgage

Loan

Trust

2005-1

1.59%,

02/25/2035

23‌

19‌

1.00

x

1

Month

USD

LIBOR

+

1.50%

Mortgage

Backed

Securities

-

0

.06

%

Alternative

Loan

Trust

2006-OA6

0.61%,

07/25/2046

2‌

2‌

1.00

x

1

Month

USD

LIBOR

+

0.52%

Chase

Mortgage

Finance

Trust

Series

2007-A2

2.28%,

06/25/2035

(f)

16‌

16‌

Fannie

Mae

REMIC

Trust

2004-W5

0.54%,

02/25/2047

15‌

16‌

1.00

x

1

Month

USD

LIBOR

+

0.45%

Fannie

Mae

REMIC

Trust

2005-W2

0.29%,

05/25/2035

3‌

3‌

1.00

x

1

Month

USD

LIBOR

+

0.20%

Impac

CMB

Trust

Series

2004-5

2.41%,

10/25/2034

6‌

6‌

1.00

x

1

Month

USD

LIBOR

+

2.33%

Impac

CMB

Trust

Series

2004-6

1.07%,

10/25/2034

4‌

4‌

1.00

x

1

Month

USD

LIBOR

+

0.98%

Impac

CMB

Trust

Series

2005-1

0.71%,

04/25/2035

45‌

45‌

1.00

x

1

Month

USD

LIBOR

+

0.62%

Impac

CMB

Trust

Series

2005-5

0.85%,

08/25/2035

10‌

9‌

1.00

x

1

Month

USD

LIBOR

+

0.51%

Merrill

Lynch

Alternative

Note

Asset

Trust

Series

2007-A3

0.30%,

04/25/2037

1,544‌

820‌

1.00

x

1

Month

USD

LIBOR

+

0.21%

WaMu

Mortgage

Pass-Through

Certificates

Series

2005-AR2

Trust

0.83%,

01/25/2045

22‌

22‌

1.00

x

1

Month

USD

LIBOR

+

0.74%

$

943‌

Oil

&

Gas

-

0

.03

%

SA

Global

Sukuk

Ltd

2.69%,

06/17/2031

(g)

450‌

461‌

Other

Asset

Backed

Securities

-

0

.00

%

Argent

Securities

Trust

2006-W3

0.33%,

04/25/2036

25‌

11‌

1.00

x

1

Month

USD

LIBOR

+

0.24%

Countrywide

Asset-Backed

Certificates

1.21%,

12/25/2032

12‌

12‌

1.00

x

1

Month

USD

LIBOR

+

1.13%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Other

Asset

Backed

Securities

(continued)

Fannie

Mae

REMIC

Trust

2003-W16

0.24%,

11/25/2033

$

1‌

$

—‌

1.00

x

1

Month

USD

LIBOR

+

0.15%

Long

Beach

Mortgage

Loan

Trust

2004-2

0.88%,

06/25/2034

24‌

24‌

1.00

x

1

Month

USD

LIBOR

+

0.80%

$

47‌

Regional

Authority

-

0

.17

%

State

of

North

Rhine-Westphalia

Germany

0.20%,

04/09/2030

EUR

2,065‌

2,532‌

Sovereign

-

4

.10

%

Chile

Government

International

Bond

2.55%,

07/27/2033

$

1,705‌

1,739‌

Colombia

Government

International

Bond

3.00%,

01/30/2030

(h)

2,325‌

2,279‌

3.25%,

04/22/2032

730‌

714‌

European

Union

0.00%,

10/04/2030

(d)

EUR

16,465‌

19,976‌

0.30%,

11/04/2050

2,475‌

2,876‌

0.75%,

04/04/2031

1,015‌

1,315‌

1.25%,

04/04/2033

1,655‌

2,254‌

French

Republic

Government

Bond

OAT

0.75%,

05/25/2052

(g)

2,340‌

2,823‌

Mexico

Government

International

Bond

1.45%,

10/25/2033

1,230‌

1,385‌

2.13%,

10/25/2051

730‌

734‌

New

Zealand

Government

Bond

1.75%,

05/15/2041

NZD

2,176‌

1,393‌

New

Zealand

Government

Inflation

Linked

Bond

2.00%,

09/20/2025

18,868‌

14,668‌

2.50%,

09/20/2040

1,720‌

1,610‌

Panama

Government

International

Bond

4.50%,

04/01/2056

$

375‌

428‌

Qatar

Government

International

Bond

3.75%,

04/16/2030

(g)

3,172‌

3,607‌

Romanian

Government

International

Bond

3.62%,

05/26/2030

EUR

1,365‌

1,867‌

Spain

Government

Bond

3.45%,

07/30/2066

(g)

1,185‌

2,286‌

$

61,954‌

Supranational

Bank

-

1

.23

%

European

Investment

Bank

0.00%,

09/09/2030

(d)

13,185‌

15,958‌

2.75%,

09/13/2030

1,710‌

2,582‌

$

18,540‌

TOTAL

BONDS

$

92,206‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

-

93

.37

%

Principal

Amount

(000's)

Value

(000's)

U.S.

Treasury

-

1

.07

%

1.13%,

08/15/2040

$

4,760‌

$

4,238‌

1.38%,

11/15/2040

11,855‌

11,012‌

1.88%,

02/15/2041

850‌

860‌

$

16,110‌

U.S.

Treasury

Inflation-Indexed

Obligations

-

92

.30

%

0.13%,

01/15/2023

65,185‌

68,077‌

0.13%,

07/15/2024

53,392‌

57,771‌

0.13%,

10/15/2024

33,686‌

36,544‌

0.13%,

04/15/2025

11,245‌

12,260‌

0.13%,

10/15/2025

15,910‌

17,536‌

0.13%,

04/15/2026

5,769‌

6,365‌

0.13%,

07/15/2026

39,707‌

44,216‌

0.13%,

01/15/2030

46,079‌

52,060‌

0.13%,

07/15/2030

45,457‌

51,637‌

0.13%,

01/15/2031

41,349‌

46,801‌

0.13%,

07/15/2031

23,990‌

27,277‌

0.13%,

02/15/2051

11,389‌

13,070‌

0.25%,

01/15/2025

35,337‌

38,554‌

Schedule

of

Investments

Inflation

Protection

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

103

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

U.S.

Treasury

Inflation-Indexed

Obligations

(continued)

0.25%,

07/15/2029

$

21,090‌

$

24,122‌

0.25%,

02/15/2050

19,041‌

22,428‌

0.38%,

07/15/2023

63,173‌

67,283‌

0.38%,

07/15/2025

54,847‌

60,865‌

0.38%,

01/15/2027

45,954‌

51,883‌

0.38%,

07/15/2027

45,664‌

52,055‌

0.50%,

04/15/2024

39,791‌

43,087‌

0.50%,

01/15/2028

40,416‌

46,389‌

0.63%,

04/15/2023

41,890‌

44,320‌

0.63%,

01/15/2024

49,991‌

54,027‌

0.63%,

01/15/2026

15,493‌

17,444‌

0.63%,

02/15/2043

17,733‌

21,872‌

0.75%,

07/15/2028

44,337‌

52,162‌

0.75%,

02/15/2042

23,030‌

28,934‌

0.75%,

02/15/2045

(i)

25,314‌

32,282‌

0.88%,

01/15/2029

39,060‌

46,402‌

0.88%,

02/15/2047

9,334‌

12,450‌

1.00%,

02/15/2046

15,003‌

20,286‌

1.00%,

02/15/2048

14,279‌

19,748‌

1.00%,

02/15/2049

12,222‌

17,072‌

1.38%,

02/15/2044

(i)

21,394‌

30,429‌

1.75%,

01/15/2028

21,530‌

26,585‌

2.00%,

01/15/2026

17,110‌

20,382‌

2.13%,

02/15/2040

7,362‌

11,282‌

2.13%,

02/15/2041

13,920‌

21,582‌

2.38%,

01/15/2025

3,944‌

4,612‌

2.38%,

01/15/2027

18,935‌

23,598‌

2.50%,

01/15/2029

13,339‌

17,592‌

3.38%,

04/15/2032

9,790‌

14,834‌

3.63%,

04/15/2028

2,313‌

3,181‌

3.88%,

04/15/2029

8,872‌

12,762‌

$

1,394,118‌

TOTAL

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

$

1,410,228‌

TOTAL

PURCHASED

OPTIONS

-

0.00%

$

5‌

TOTAL

PURCHASED

INTEREST

RATE

SWAPTIONS

-

0.42%

$

6,317‌

Total

Investments

$

1,520,678‌

Other

Assets

and

Liabilities

-  (0.68)%

(

10,259‌

)

TOTAL

NET

ASSETS

-

100.00%

$

1,510,419‌

(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

$2,302

or

0.15%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(d)

Non-income

producing

security

(e)

Security

is

an

Interest

Only

Strip.

(f)

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.

(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

$9,180

or

0.61%

of

net

assets.

(h)

Security

or

a

portion

of

the

security

was

on

loan.  At

the

end

of

the

period,

the

value

of

these

securities

totaled

$2,257

or

0.15%

of

net

assets.

(i)

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

$3,388

or

0.22%

of

net

assets.

Portfolio

Summary  (unaudited)

Sector

Percent

Government

98

.87‌

%

Money

Market

Funds

0

.79‌

%

Financial

0

.51‌

%

Purchased

Interest

Rate

Swaptions

0

.42‌

%

Mortgage

Securities

0

.06‌

%

Energy

0

.03‌

%

Asset

Backed

Securities

0

.00‌

%

Purchased

Options

0

.00‌

%

Other

Assets

and

Liabilities

(

0

.68‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

22,181‌

$

573,285‌

$

585,846‌

$

9,620‌

$

22,181‌

$

573,285‌

$

585,846‌

$

9,620‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

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

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Call

-

EUR

versus

GBP

Citigroup

Inc

1

EUR

3,845‌

EUR

0

.88‌

08/09/2021

$

87‌

$

—‌

$

(

87‌

)

Put

-

90

Day

Eurodollar

Future;

December

2022

N/A

209‌

$

523‌

$

99

.25‌

10/18/2021

18‌

5‌

(

13‌

)

Total

$

105‌

$

5‌

$

(

100‌

)

Amounts

in

thousands

except

contracts/shares.

Schedule

of

Investments

Inflation

Protection

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

104

Interest

Rate

Swaptions

Purchased

Swaptions

Outstanding

Counterparty

Floating

Rate

Index

Pay/

Receive

Floating

Rate

Notional

Amount

Exercise

Rate

Expiration

Date

Upfront

Payments

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Call

-

1

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

$

26,930‌

1.62%

02/25/2025

$

150‌

$

190‌

$

40‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

3,470‌

1.50%

02/26/2025

183‌

123‌

(

60‌

)

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,410‌

3.05%

01/11/2029

80‌

175‌

95‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

3,705‌

3.09%

12/07/2038

172‌

460‌

288‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

4,872‌

2.98%

03/08/2024

224‌

635‌

411‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

4,870‌

2.95%

03/13/2024

219‌

623‌

404‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,420‌

3.08%

01/30/2029

80‌

179‌

99‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

2,535‌

2.00%

07/01/2024

112‌

150‌

38‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

2,535‌

1.97%

06/25/2024

115‌

145‌

30‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

3,120‌

2.60%

04/08/2026

175‌

300‌

125‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

1,475‌

1.42%

06/06/2025

79‌

49‌

(

30‌

)

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

2,990‌

1.68%

07/23/2024

132‌

125‌

(

7‌

)

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

1,230‌

0.89%

05/01/2025

67‌

22‌

(

45‌

)

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

3,670‌

1.55%

07/30/2024

133‌

133‌

—‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

1,475‌

1.28%

06/05/2025

80‌

42‌

(

38‌

)

Call

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Pay

1,295‌

2.86%

02/23/2039

64‌

145‌

81‌

Call

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

310‌

2.99%

04/28/2038

15‌

37‌

22‌

Call

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

1,410‌

3.04%

01/12/2029

81‌

174‌

93‌

Call

-

5

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

16,330‌

1.20%

04/29/2022

159‌

276‌

117‌

Call

-

5

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Pay

6,085‌

1.53%

04/06/2022

88‌

182‌

94‌

Call

-

5

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

11,590‌

1.39%

04/11/2022

173‌

279‌

106‌

Put

-

1

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

26,930‌

1.62%

02/25/2025

149‌

108‌

(

41‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

JPY

LIBOR

Pay

JPY

2,357,900‌

1.10%

06/30/2022

320‌

—‌

(

320‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

$

4,870‌

2.95%

03/13/2024

220‌

52‌

(

168‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

3,705‌

3.09%

12/07/2038

172‌

134‌

(

38‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

5,610‌

2.25%

08/09/2022

133‌

38‌

(

95‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

3,470‌

1.50%

02/26/2025

182‌

211‌

29‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,410‌

3.05%

01/11/2029

80‌

41‌

(

39‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,420‌

3.08%

01/30/2029

81‌

41‌

(

40‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

4,872‌

2.98%

03/08/2024

224‌

50‌

(

174‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

2,535‌

2.00%

07/01/2024

111‌

83‌

(

28‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

2,535‌

1.97%

06/25/2024

116‌

86‌

(

30‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

3,120‌

2.60%

04/08/2026

175‌

89‌

(

86‌

)

Schedule

of

Investments

Inflation

Protection

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

105

Interest

Rate

Swaptions

(continued)

Purchased

Swaptions

Outstanding

Counterparty

Floating

Rate

Index

Pay/

Receive

Floating

Rate

Notional

Amount

Exercise

Rate

Expiration

Date

Upfront

Payments

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

$

1,475‌

1.28%

06/05/2025

$

80‌

$

111‌

$

31‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

1,230‌

0.89%

05/01/2025

67‌

123‌

56‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

1,475‌

1.42%

06/06/2025

79‌

99‌

20‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

2,990‌

1.68%

07/23/2024

132‌

138‌

6‌

Put

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

1,295‌

2.86%

02/23/2039

64‌

52‌

(

12‌

)

Put

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

5,530‌

2.25%

08/03/2022

149‌

36‌

(

113‌

)

Put

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

310‌

2.99%

04/28/2038

15‌

12‌

(

3‌

)

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

1,410‌

3.04%

01/12/2029

80‌

41‌

(

39‌

)

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

5,390‌

2.50%

06/21/2024

218‌

104‌

(

114‌

)

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

5,390‌

2.50%

06/14/2024

243‌

104‌

(

139‌

)

Put

-

30

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

6,520‌

2.85%

05/10/2022

379‌

36‌

(

343‌

)

Put

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Receive

EUR

10,560‌

0.15%

11/16/2021

76‌

10‌

(

66‌

)

Put

-

5

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

$

6,085‌

1.53%

04/06/2022

89‌

21‌

(

68‌

)

Put

-

5

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

11,590‌

1.39%

04/11/2022

168‌

53‌

(

115‌

)

Total

$

6,383‌

$

6,317‌

$

(

66‌

)

Written

Swaptions

Outstanding

Counterparty

Floating

Rate

Index

Pay/

Receive

Floating

Rate

Notional

Amount

Exercise

Rate

Expiration

Date

Upfront

Receipts

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

$

3,930‌

3.05%

03/13/2029

$

(

209‌

)

$

(

487‌

)

$

(

278‌

)

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

2,000‌

1.25%

01/28/2022

(

47‌

)

(

29‌

)

18‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

2,890‌

1.25%

01/03/2023

(

96‌

)

(

58‌

)

38‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

5,220‌

1.44%

01/10/2023

(

170‌

)

(

144‌

)

26‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

4,080‌

1.00%

01/28/2022

(

56‌

)

(

27‌

)

29‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

3,180‌

1.78%

10/15/2021

(

68‌

)

(

150‌

)

(

82‌

)

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

2,820‌

1.06%

10/12/2022

(

95‌

)

(

36‌

)

59‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

2,608‌

1.23%

12/19/2022

(

86‌

)

(

50‌

)

36‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

3,300‌

0.74%

05/03/2022

(

114‌

)

(

14‌

)

100‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

2,608‌

1.24%

12/19/2022

(

86‌

)

(

51‌

)

35‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

4,870‌

1.52%

09/23/2021

(

68‌

)

(

126‌

)

(

58‌

)

Call

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

3,860‌

1.40%

06/08/2022

(

37‌

)

(

92‌

)

(

55‌

)

Call

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

18,130‌

0.52%

03/04/2022

(

52‌

)

(

56‌

)

(

4‌

)

Call

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

5,830‌

0.30%

12/07/2021

(

3‌

)

(

5‌

)

(

2‌

)

Call

-

2

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

35,490‌

0.57%

03/24/2022

(

115‌

)

(

131‌

)

(

16‌

)

Call

-

2

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

27,120‌

0.41%

02/24/2022

(

67‌

)

(

48‌

)

19‌

Schedule

of

Investments

Inflation

Protection

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

106

Interest

Rate

Swaptions

(continued)

Written

Swaptions

Outstanding

Counterparty

Floating

Rate

Index

Pay/

Receive

Floating

Rate

Notional

Amount

Exercise

Rate

Expiration

Date

Upfront

Receipts

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Call

-

2

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

$

386‌

0.35%

12/07/2021

$

—‌

$

—‌

$

—‌

Call

-

2

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

5,444‌

0.35%

12/07/2021

(

4‌

)

(

7‌

)

(

3‌

)

Call

-

2

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

18,130‌

0.56%

03/22/2022

(

61‌

)

(

66‌

)

(

5‌

)

Call

-

2

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

53,080‌

0.49%

03/03/2022

(

153‌

)

(

143‌

)

10‌

Call

-

2

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

32,510‌

0.51%

01/11/2022

(

96‌

)

(

107‌

)

(

11‌

)

Call

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

8,170‌

0.90%

04/25/2022

(

42‌

)

(

66‌

)

(

24‌

)

Call

-

5

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

24,500‌

0.90%

04/29/2022

(

110‌

)

(

199‌

)

(

89‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

EUR

5,280‌

0.70%

05/16/2023

(

141‌

)

(

55‌

)

86‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

$

3,930‌

3.05%

03/13/2029

(

209‌

)

(

116‌

)

93‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

5,610‌

3.25%

08/09/2022

(

34‌

)

(

8‌

)

26‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

5,610‌

2.75%

08/09/2022

(

67‌

)

(

16‌

)

51‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

2,000‌

1.25%

01/28/2022

(

47‌

)

(

49‌

)

(

2‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

5,590‌

2.10%

01/07/2022

(

128‌

)

(

14‌

)

114‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

5,520‌

2.15%

01/11/2022

(

129‌

)

(

13‌

)

116‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

14,210‌

2.75%

05/10/2022

(

412‌

)

(

26‌

)

386‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

5,220‌

1.44%

01/10/2023

(

170‌

)

(

188‌

)

(

18‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

2,890‌

1.25%

01/03/2023

(

95‌

)

(

131‌

)

(

36‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

4,870‌

1.52%

09/23/2021

(

68‌

)

(

18‌

)

50‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

4,080‌

1.50%

01/28/2022

(

56‌

)

(

55‌

)

1‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

3,810‌

1.60%

03/01/2022

(

69‌

)

(

47‌

)

22‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

2,608‌

1.24%

12/19/2022

(

85‌

)

(

118‌

)

(

33‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

2,608‌

1.23%

12/19/2022

(

85‌

)

(

119‌

)

(

34‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

2,820‌

1.06%

10/12/2022

(

95‌

)

(

149‌

)

(

54‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

3,300‌

0.74%

05/03/2022

(

114‌

)

(

223‌

)

(

109‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

3,180‌

1.78%

10/15/2021

(

68‌

)

(

6‌

)

62‌

Put

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Pay

5,530‌

2.75%

08/03/2022

(

76‌

)

(

16‌

)

60‌

Put

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Pay

5,530‌

3.25%

08/03/2022

(

36‌

)

(

7‌

)

29‌

Put

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Pay

3,860‌

2.40%

06/08/2022

(

44‌

)

(

16‌

)

28‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

5,390‌

3.00%

06/21/2024

(

131‌

)

(

62‌

)

69‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

5,390‌

3.50%

06/21/2024

(

79‌

)

(

38‌

)

41‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

5,390‌

3.00%

06/14/2024

(

148‌

)

(

62‌

)

86‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

5,730‌

2.25%

08/21/2024

(

170‌

)

(

152‌

)

18‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

5,390‌

3.50%

06/14/2024

(

90‌

)

(

37‌

)

53‌

Schedule

of

Investments

Inflation

Protection

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

107

Interest

Rate

Swaptions

(continued)

Written

Swaptions

Outstanding

Counterparty

Floating

Rate

Index

Pay/

Receive

Floating

Rate

Notional

Amount

Exercise

Rate

Expiration

Date

Upfront

Receipts

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

$

12,390‌

0.50%

12/07/2021

$

(

9‌

)

$

(

8‌

)

$

1‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

EUR

24,530‌

0.25%

09/07/2021

(

40‌

)

—‌

40‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

9,180‌

0.15%

08/10/2021

(

12‌

)

—‌

12‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

$

18,130‌

0.52%

03/04/2022

(

53‌

)

(

33‌

)

20‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

EUR

16,230‌

0.15%

08/10/2021

(

22‌

)

—‌

22‌

Put

-

2

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

$

12,318‌

0.45%

12/13/2021

(

11‌

)

(

12‌

)

(

1‌

)

Put

-

2

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

18,130‌

0.56%

03/22/2022

(

61‌

)

(

34‌

)

27‌

Put

-

2

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

27,120‌

0.75%

02/28/2022

(

64‌

)

(

22‌

)

42‌

Put

-

2

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

35,490‌

0.57%

03/24/2022

(

115‌

)

(

65‌

)

50‌

Put

-

2

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

8,650‌

0.50%

01/20/2022

(

16‌

)

(

11‌

)

5‌

Put

-

2

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Pay

53,080‌

0.49%

03/03/2022

(

153‌

)

(

107‌

)

46‌

Put

-

2

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

32,510‌

0.51%

01/11/2022

(

91‌

)

(

35‌

)

56‌

Total

$

(

5,328‌

)

$

(

4,160‌

)

$

1,168‌

Amounts

in

thousands.

Futures

Contracts

Description

and

Expiration

Date

Type

Contracts

Notional

Amount

Value

and

Unrealized

Appreciation/(Depreciation)

Canadian

Bank

Acceptance;

March

2022

Long

189‌

$

37,661‌

$

26‌

Canadian

Bank

Acceptance;

September

2021

Short

189‌

37,704‌

(

2‌

)

Euro

Bond

10

Year

Bond;

September

2021

Short

386‌

80,850‌

(

1,206‌

)

Euro

Buxl

30

Year

Bond;

September

2021

Short

42‌

10,714‌

(

459‌

)

Euro

Schatz;

September

2021

Short

106‌

14,128‌

(

26‌

)

Euro-BTP;

September

2021

Long

55‌

10,066‌

254‌

Euro-Oat;

September

2021

Long

48‌

9,229‌

26‌

Short

Term

Euro-BTP;

September

2021

Long

94‌

12,642‌

28‌

UK

10

Year

Gilt;

September

2021

Short

31‌

5,593‌

(

118‌

)

US

10

Year

Note;

September

2021

Short

266‌

35,765‌

(

375‌

)

US

10

Year

Ultra

Note;

September

2021

Short

414‌

62,204‌

(

816‌

)

US

2

Year

Note;

September

2021

Long

168‌

37,070‌

56‌

US

5

Year

Note;

September

2021

Long

650‌

80,889‌

247‌

US

Ultra

Bond;

September

2021

Short

25‌

4,988‌

(

174‌

)

Total

$

(

2,539‌

)

Amounts

in

thousands

except

contracts.

Foreign

Currency

Contracts

Unrealized

Appreciation/(Depreciation)

Counterparty

Settlement

Date

Currency

to

Accept

Currency

to

Deliver

Asset

Liability

ANZ

Stockbroking

08/04/2021

$

9,372‌

EUR

7,936‌

$

8‌

$

(

50‌

)

Bank

of

America

NA

08/04/2021

CAD

159‌

$

127‌

1‌

—‌

Bank

of

America

NA

08/04/2021

EUR

53,386‌

$

63,444‌

—‌

(

114‌

)

Bank

of

America

NA

09/03/2021

$

63,480‌

EUR

53,386‌

120‌

—‌

Bank

of

America

NA

09/15/2021

AUD

3,860‌

$

2,933‌

—‌

(

101‌

)

Bank

of

America

NA

09/15/2021

AUD

2,010‌

JPY

164,424‌

—‌

(

25‌

)

Bank

of

America

NA

09/15/2021

CAD

3,703‌

$

2,980‌

—‌

(

11‌

)

Bank

of

America

NA

09/15/2021

EUR

2,520‌

$

2,984‌

11‌

(

3‌

)

Bank

of

America

NA

09/15/2021

JPY

163,908‌

$

1,490‌

5‌

—‌

Bank

of

America

NA

09/15/2021

JPY

332,309‌

AUD

4,065‌

47‌

—‌

Bank

of

America

NA

09/15/2021

$

2,896‌

AUD

3,850‌

70‌

—‌

Bank

of

America

NA

09/15/2021

$

2,970‌

CAD

3,675‌

24‌

—‌

Barclays

Bank

PLC

08/04/2021

GBP

158‌

$

219‌

1‌

—‌

Barclays

Bank

PLC

09/15/2021

$

1,490‌

CAD

1,870‌

—‌

(

9‌

)

Barclays

Bank

PLC

09/15/2021

$

1,489‌

EUR

1,260‌

—‌

(

7‌

)

Schedule

of

Investments

Inflation

Protection

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

108

Foreign

Currency

Contracts

(continued)

Unrealized

Appreciation/(Depreciation)

Counterparty

Settlement

Date

Currency

to

Accept

Currency

to

Deliver

Asset

Liability

BNP

Paribas

08/04/2021

$

2,243‌

EUR

1,906‌

$

—‌

$

(

18‌

)

BNP

Paribas

08/04/2021

$

92‌

GBP

66‌

—‌

—‌

BNP

Paribas

09/03/2021

$

1,057‌

EUR

891‌

—‌

—‌

Citigroup

Inc

08/04/2021

$

35,324‌

EUR

29,602‌

208‌

—‌

Citigroup

Inc

09/15/2021

CAD

1,803‌

$

1,480‌

—‌

(

34‌

)

Citigroup

Inc

09/15/2021

EUR

2,430‌

$

2,965‌

—‌

(

80‌

)

Citigroup

Inc

09/15/2021

$

1,476‌

EUR

1,210‌

40‌

—‌

Deutsche

Bank

AG

08/04/2021

$

7‌

GBP

5‌

—‌

—‌

Goldman

Sachs

&

Co

09/15/2021

$

1,470‌

EUR

1,240‌

—‌

(

2‌

)

HSBC

Securities

Inc

08/04/2021

$

2‌

JPY

254‌

—‌

—‌

HSBC

Securities

Inc

08/04/2021

$

4,057‌

EUR

3,434‌

—‌

(

17‌

)

HSBC

Securities

Inc

09/15/2021

CAD

1,790‌

$

1,480‌

—‌

(

45‌

)

JPMorgan

Chase

08/04/2021

GBP

18‌

$

25‌

—‌

—‌

JPMorgan

Chase

08/04/2021

NZD

25,199‌

$

17,642‌

—‌

(

86‌

)

JPMorgan

Chase

08/04/2021

$

145‌

GBP

105‌

—‌

(

1‌

)

JPMorgan

Chase

09/03/2021

$

17,641‌

NZD

25,199‌

92‌

—‌

JPMorgan

Chase

09/03/2021

$

25‌

GBP

18‌

—‌

—‌

JPMorgan

Chase

09/15/2021

AUD

1,950‌

$

1,471‌

—‌

(

40‌

)

JPMorgan

Chase

09/15/2021

EUR

1,210‌

JPY

159,026‌

—‌

(

14‌

)

JPMorgan

Chase

09/15/2021

EUR

2,450‌

$

2,959‌

—‌

(

50‌

)

JPMorgan

Chase

09/15/2021

JPY

160,025‌

EUR

1,210‌

23‌

—‌

JPMorgan

Chase

09/15/2021

$

1,490‌

JPY

163,331‌

—‌

—‌

JPMorgan

Chase

09/15/2021

$

2,957‌

EUR

2,470‌

31‌

(

7‌

)

JPMorgan

Chase

09/15/2021

$

1,480‌

CAD

1,792‌

44‌

—‌

Morgan

Stanley

&

Co

09/15/2021

EUR

1,210‌

$

1,438‌

—‌

(

2‌

)

Morgan

Stanley

&

Co

09/15/2021

$

1,489‌

EUR

1,220‌

41‌

—‌

Standard

Chartered

Bank,

Hong

Kong

09/15/2021

$

1,446‌

EUR

1,210‌

10‌

—‌

UBS

AG

08/04/2021

$

12,399‌

EUR

10,508‌

—‌

(

66‌

)

UBS

AG

08/04/2021

$

17,740‌

NZD

25,199‌

184‌

—‌

Westpac

Banking

Corporation

08/04/2021

JPY

254‌

$

2‌

—‌

—‌

Westpac

Banking

Corporation

09/03/2021

$

2‌

JPY

254‌

—‌

—‌

Westpac

Banking

Corporation

09/15/2021

$

1,481‌

AUD

1,960‌

43‌

—‌

Total

$

1,003‌

$

(

782‌

)

Amounts

in

thousands.

Exchange

Cleared

Interest

Rate

Swaps

Floating

Rate

Index

(Pay)/

Receive

Floating

Rate

Fixed

Rate

Payment

Frequency

Paid

by

Fund

Payment

Frequency

Received

by

Fund

Effective

Date

(a)

Maturity

Date

Notional

Amount

Unrealized

Appreciation/

(Depreciation)

Upfront

Payments/

(Receipts)

Fair

Value

3

Month

USD

LIBOR

Receive

1.74%

Semiannual

Quarterly

N/A

11/23/2030

$

7,450‌

$

(

336‌

)

$

—‌

$

(

336‌

)

3

Month

USD

LIBOR

Pay

1.27%

Quarterly

Semiannual

N/A

07/12/2031

775‌

(

1‌

)

—‌

(

1‌

)

3

Month

USD

LIBOR

Receive

1.55%

Semiannual

Quarterly

N/A

02/25/2026

4,660‌

(

10‌

)

—‌

(

10‌

)

3

Month

USD

LIBOR

Pay

1.51%

Quarterly

Semiannual

N/A

08/19/2031

350‌

7‌

—‌

7‌

3

Month

USD

LIBOR

Receive

1.62%

Semiannual

Quarterly

N/A

02/22/2032

1,673‌

(

36‌

)

—‌

(

36‌

)

3

Month

USD

LIBOR

Pay

1.91%

Quarterly

Semiannual

N/A

02/22/2051

663‌

36‌

—‌

36‌

3

Month

USD

LIBOR

Receive

1.59%

Semiannual

Quarterly

N/A

02/22/2032

3,345‌

(

64‌

)

—‌

(

64‌

)

3

Month

USD

LIBOR

Pay

1.87%

Quarterly

Semiannual

N/A

02/19/2051

1,325‌

61‌

—‌

61‌

3

Month

USD

LIBOR

Pay

1.30%

Quarterly

Semiannual

N/A

07/12/2031

775‌

1‌

—‌

1‌

3

Month

USD

LIBOR

Pay

0.48%

Quarterly

Semiannual

N/A

01/21/2026

70‌

(

1‌

)

—‌

(

1‌

)

3

Month

USD

LIBOR

Receive

0.84%

Semiannual

Quarterly

N/A

11/15/2027

8,120‌

63‌

—‌

63‌

3

Month

USD

LIBOR

Pay

1.29%

Quarterly

Semiannual

N/A

07/12/2031

775‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Pay

1.36%

Quarterly

Semiannual

N/A

07/13/2031

1,540‌

11‌

—‌

11‌

3

Month

USD

LIBOR

Receive

1.70%

Semiannual

Quarterly

N/A

02/15/2047

2,100‌

(

8‌

)

—‌

(

8‌

)

3

Month

USD

LIBOR

Receive

1.53%

Semiannual

Quarterly

N/A

12/15/2022

17,645‌

(

329‌

)

—‌

(

329‌

)

3

Month

USD

LIBOR

Receive

0.92%

Semiannual

Quarterly

N/A

12/10/2030

2,746‌

81‌

—‌

81‌

3

Month

USD

LIBOR

Receive

0.25%

Semiannual

Quarterly

N/A

12/01/2022

19,390‌

(

21‌

)

—‌

(

21‌

)

3

Month

USD

LIBOR

Pay

0.93%

Quarterly

Semiannual

N/A

09/17/2026

9,640‌

42‌

—‌

42‌

3

Month

USD

LIBOR

Receive

0.73%

Semiannual

Quarterly

N/A

06/21/2024

7,440‌

(

22‌

)

—‌

(

22‌

)

3

Month

USD

LIBOR

Pay

1.45%

Quarterly

Semiannual

N/A

01/18/2032

1,324‌

9‌

—‌

9‌

3

Month

USD

LIBOR

Pay

1.24%

Quarterly

Semiannual

N/A

07/21/2031

1,550‌

(

7‌

)

—‌

(

7‌

)

3

Month

USD

LIBOR

Receive

0.68%

Semiannual

Quarterly

N/A

09/16/2030

295‌

14‌

—‌

14‌

3

Month

USD

LIBOR

Pay

1.32%

Quarterly

Semiannual

N/A

07/09/2031

775‌

3‌

—‌

3‌

3

Month

USD

LIBOR

Pay

1.06%

Quarterly

Semiannual

N/A

09/16/2050

78‌

(

12‌

)

—‌

(

12‌

)

3

Month

USD

LIBOR

Pay

1.36%

Quarterly

Semiannual

N/A

07/08/2031

775‌

6‌

—‌

6‌

3

Month

USD

LIBOR

Receive

1.71%

Semiannual

Quarterly

N/A

03/06/2026

3,740‌

(

14‌

)

—‌

(

14‌

)

3

Month

USD

LIBOR

Receive

1.89%

Semiannual

Quarterly

N/A

02/15/2047

2,060‌

(

95‌

)

—‌

(

95‌

)

Schedule

of

Investments

Inflation

Protection

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

109

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

1.90%

Quarterly

Semiannual

N/A

06/11/2051

$

630‌

$

35‌

$

—‌

$

35‌

3

Month

USD

LIBOR

Receive

0.74%

Semiannual

Quarterly

N/A

06/23/2024

3,720‌

(

12‌

)

—‌

(

12‌

)

3

Month

USD

LIBOR

Pay

0.45%

Quarterly

Semiannual

N/A

03/01/2024

3,930‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Receive

2.10%

Semiannual

Quarterly

N/A

02/15/2047

6,200‌

(

567‌

)

(

1‌

)

(

568‌

)

3

Month

USD

LIBOR

Pay

2.15%

Quarterly

Semiannual

N/A

05/16/2033

2,820‌

142‌

—‌

142‌

3

Month

USD

LIBOR

Pay

2.08%

Quarterly

Semiannual

N/A

05/05/2033

830‌

36‌

1‌

37‌

3

Month

USD

LIBOR

Receive

0.28%

Semiannual

Quarterly

N/A

04/23/2023

20,215‌

(

16‌

)

(

1‌

)

(

17‌

)

3

Month

USD

LIBOR

Pay

2.00%

Quarterly

Semiannual

N/A

04/22/2051

310‌

25‌

—‌

25‌

3

Month

USD

LIBOR

Receive

1.29%

Semiannual

Quarterly

N/A

04/20/2027

2,990‌

(

40‌

)

—‌

(

40‌

)

3

Month

USD

LIBOR

Pay

0.59%

Quarterly

Semiannual

N/A

04/20/2024

7,290‌

12‌

—‌

12‌

3

Month

USD

LIBOR

Receive

0.31%

Semiannual

Quarterly

N/A

06/24/2023

15,200‌

(

18‌

)

—‌

(

18‌

)

3

Month

USD

LIBOR

Receive

0.77%

Semiannual

Quarterly

N/A

06/28/2024

3,740‌

(

13‌

)

—‌

(

13‌

)

3

Month

USD

LIBOR

Pay

0.72%

Quarterly

Semiannual

N/A

07/01/2031

3,210‌

(

174‌

)

—‌

(

174‌

)

3

Month

USD

LIBOR

Pay

1.78%

Quarterly

Semiannual

N/A

02/15/2047

1,920‌

44‌

—‌

44‌

3

Month

USD

LIBOR

Receive

2.50%

Semiannual

Quarterly

N/A

03/20/2031

3‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Pay

1.37%

Quarterly

Semiannual

N/A

03/22/2027

3,386‌

63‌

—‌

63‌

3

Month

USD

LIBOR

Pay

1.80%

Quarterly

Semiannual

N/A

02/15/2047

1,760‌

45‌

—‌

45‌

3

Month

USD

LIBOR

Receive

0.26%

Semiannual

Quarterly

N/A

03/23/2023

7,390‌

(

6‌

)

—‌

(

6‌

)

3

Month

USD

LIBOR

Pay

1.38%

Quarterly

Semiannual

N/A

07/08/2031

775‌

7‌

—‌

7‌

3

Month

USD

LIBOR

Receive

2.79%

Semiannual

Quarterly

N/A

03/10/2031

7,307‌

(

1,033‌

)

—‌

(

1,033‌

)

3

Month

USD

LIBOR

Receive

1.27%

Semiannual

Quarterly

N/A

02/15/2028

8,090‌

(

142‌

)

1‌

(

141‌

)

3

Month

USD

LIBOR

Pay

1.20%

Quarterly

Semiannual

N/A

07/21/2031

775‌

(

7‌

)

—‌

(

7‌

)

3

Month

USD

LIBOR

Receive

0.69%

Semiannual

Quarterly

N/A

06/20/2024

1,160‌

(

2‌

)

—‌

(

2‌

)

3

Month

USD

LIBOR

Receive

0.97%

Semiannual

Quarterly

N/A

08/17/2040

890‌

96‌

—‌

96‌

3

Month

USD

LIBOR

Pay

1.25%

Quarterly

Semiannual

N/A

01/24/2032

1,160‌

(

15‌

)

—‌

(

15‌

)

3

Month

USD

LIBOR

Pay

0.52%

Quarterly

Semiannual

N/A

04/22/2024

3,750‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Pay

1.05%

Quarterly

Semiannual

N/A

05/15/2028

3,330‌

1‌

—‌

1‌

3

Month

USD

LIBOR

Pay

1.32%

Quarterly

Semiannual

N/A

07/27/2031

970‌

3‌

—‌

3‌

3

Month

USD

LIBOR

Receive

0.50%

Semiannual

Quarterly

N/A

08/19/2027

600‌

16‌

—‌

16‌

3

Month

USD

LIBOR

Pay

1.27%

Quarterly

Semiannual

N/A

07/28/2031

250‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Pay

3.09%

Quarterly

Semiannual

N/A

11/29/2024

23,270‌

1,974‌

—‌

1,974‌

3

Month

USD

LIBOR

Pay

1.93%

Quarterly

Semiannual

N/A

12/01/2056

150‌

3‌

—‌

3‌

3

Month

USD

LIBOR

Receive

2.10%

Semiannual

Quarterly

N/A

10/23/2039

470‌

(

4‌

)

—‌

(

4‌

)

3

Month

USD

LIBOR

Receive

1.98%

Semiannual

Quarterly

N/A

10/23/2034

850‌

(

15‌

)

—‌

(

15‌

)

3

Month

USD

LIBOR

Receive

1.98%

Semiannual

Quarterly

N/A

10/23/2034

850‌

(

16‌

)

—‌

(

16‌

)

3

Month

USD

LIBOR

Receive

1.93%

Semiannual

Quarterly

N/A

10/22/2034

1,940‌

(

27‌

)

—‌

(

27‌

)

3

Month

USD

LIBOR

Receive

1.91%

Semiannual

Quarterly

N/A

10/21/2034

1,660‌

(

19‌

)

—‌

(

19‌

)

3

Month

USD

LIBOR

Receive

1.65%

Semiannual

Quarterly

N/A

08/22/2034

1,765‌

20‌

—‌

20‌

3

Month

USD

LIBOR

Receive

1.67%

Semiannual

Quarterly

N/A

08/17/2049

600‌

10‌

—‌

10‌

3

Month

USD

LIBOR

Receive

1.71%

Semiannual

Quarterly

N/A

08/16/2049

780‌

10‌

—‌

10‌

3

Month

USD

LIBOR

Receive

1.77%

Semiannual

Quarterly

N/A

07/12/2023

47,825‌

(

677‌

)

—‌

(

677‌

)

3

Month

USD

LIBOR

Receive

2.38%

Semiannual

Quarterly

N/A

07/05/2049

840‌

(

30‌

)

—‌

(

30‌

)

3

Month

USD

LIBOR

Receive

2.33%

Semiannual

Quarterly

N/A

06/24/2034

420‌

(

22‌

)

—‌

(

22‌

)

3

Month

USD

LIBOR

Pay

1.83%

Quarterly

Semiannual

N/A

02/10/2050

50‌

2‌

—‌

2‌

3

Month

USD

LIBOR

Receive

0.82%

Semiannual

Quarterly

N/A

09/08/2025

3,440‌

(

21‌

)

—‌

(

21‌

)

3

Month

USD

LIBOR

Pay

0.44%

Quarterly

Semiannual

N/A

01/25/2024

3,750‌

2‌

—‌

2‌

3

Month

USD

LIBOR

Receive

0.63%

Semiannual

Quarterly

N/A

04/14/2025

6,490‌

(

5‌

)

—‌

(

5‌

)

3

Month

USD

LIBOR

Pay

1.20%

Quarterly

Semiannual

N/A

07/21/2031

775‌

(

6‌

)

—‌

(

6‌

)

3

Month

USD

LIBOR

Receive

0.88%

Semiannual

Quarterly

N/A

07/12/2053

960‌

211‌

—‌

211‌

3

Month

USD

LIBOR

Pay

0.65%

Quarterly

Semiannual

N/A

07/12/2028

5,240‌

(

179‌

)

—‌

(

179‌

)

3

Month

USD

LIBOR

Receive

0.65%

Semiannual

Quarterly

N/A

11/04/2030

3,820‌

200‌

—‌

200‌

3

Month

USD

LIBOR

Pay

0.65%

Quarterly

Semiannual

N/A

06/20/2027

5,060‌

(

102‌

)

—‌

(

102‌

)

3

Month

USD

LIBOR

Receive

1.09%

Semiannual

Quarterly

N/A

06/20/2052

920‌

146‌

—‌

146‌

3

Month

USD

LIBOR

Pay

0.68%

Quarterly

Semiannual

N/A

06/20/2027

5,060‌

(

95‌

)

—‌

(

95‌

)

3

Month

USD

LIBOR

Receive

1.14%

Semiannual

Quarterly

N/A

06/20/2052

920‌

135‌

—‌

135‌

3

Month

USD

LIBOR

Pay

0.36%

Quarterly

Semiannual

N/A

06/02/2025

5,050‌

(

52‌

)

—‌

(

52‌

)

3

Month

USD

LIBOR

Pay

1.25%

Quarterly

Semiannual

N/A

09/08/2050

591‌

(

62‌

)

—‌

(

62‌

)

3

Month

USD

LIBOR

Pay

0.92%

Quarterly

Semiannual

N/A

05/16/2035

1,160‌

(

96‌

)

—‌

(

96‌

)

3

Month

USD

LIBOR

Receive

0.81%

Semiannual

Quarterly

N/A

05/18/2050

580‌

122‌

—‌

122‌

3

Month

USD

LIBOR

Receive

0.65%

Semiannual

Quarterly

N/A

06/02/2030

680‌

33‌

—‌

33‌

3

Month

USD

LIBOR

Pay

0.82%

Quarterly

Semiannual

N/A

04/14/2030

3,390‌

(

108‌

)

—‌

(

108‌

)

3

Month

USD

LIBOR

Receive

0.76%

Semiannual

Quarterly

N/A

05/03/2032

4,950‌

317‌

—‌

317‌

3

Month

USD

LIBOR

Receive

0.77%

Semiannual

Quarterly

N/A

05/06/2032

990‌

63‌

—‌

63‌

3

Month

USD

LIBOR

Pay

1.19%

Quarterly

Semiannual

N/A

07/22/2031

1,530‌

(

15‌

)

—‌

(

15‌

)

3

Month

USD

LIBOR

Receive

0.77%

Semiannual

Quarterly

N/A

05/04/2032

5,060‌

322‌

—‌

322‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.15)%

Semiannual

Annual

N/A

11/16/2026

EUR

5,280‌

60‌

—‌

60‌

6

Month

Euro

Interbank

Offered

Rate

Receive

0.19%

Annual

Semiannual

N/A

01/16/2030

1,050‌

(

34‌

)

(

3‌

)

(

37‌

)

Schedule

of

Investments

Inflation

Protection

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

110

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

Receive

0.44%

Annual

Semiannual

N/A

05/16/2033

EUR

1,860‌

$

(

72‌

)

$

—‌

$

(

72‌

)

Canada

Bankers

Acceptances

3

Month

Pay

0.79%

Semiannual

Semiannual

N/A

06/22/2023

CAD

19,200‌

18‌

1‌

19‌

Canada

Bankers

Acceptances

3

Month

Pay

0.64%

Quarterly

Semiannual

N/A

04/21/2023

25,410‌

(

10‌

)

1‌

(

9‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

2.38%

Annual

Annual

N/A

06/22/2031

$

5,205‌

151‌

—‌

151‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

2.50%

Annual

Annual

N/A

06/22/2026

5,205‌

(

113‌

)

—‌

(

113‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

2.58%

Annual

Annual

N/A

07/09/2026

5,175‌

(

73‌

)

—‌

(

73‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

2.43%

Annual

Annual

N/A

06/24/2031

12,935‌

297‌

—‌

297‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

2.55%

Annual

Annual

N/A

06/24/2026

12,935‌

(

244‌

)

—‌

(

244‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

2.75%

Annual

Annual

N/A

07/28/2026

13,680‌

22‌

—‌

22‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

2.54%

Annual

Annual

N/A

07/12/2026

5,075‌

(

82‌

)

—‌

(

82‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

2.38%

Annual

Annual

N/A

07/12/2031

5,075‌

130‌

—‌

130‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

2.53%

Annual

Annual

N/A

07/28/2031

5,065‌

(

26‌

)

—‌

(

26‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

2.73%

Annual

Annual

N/A

07/28/2026

5,065‌

14‌

—‌

14‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

2.91%

Annual

Annual

N/A

08/03/2024

13,655‌

(

1‌

)

—‌

(

1‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

3.15%

Annual

Annual

N/A

08/02/2023

13,655‌

(

20‌

)

—‌

(

20‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

2.96%

Annual

Annual

N/A

08/02/2024

13,655‌

17‌

—‌

17‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

2.44%

Annual

Annual

N/A

07/09/2031

5,175‌

97‌

—‌

97‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

2.25%

Annual

Annual

N/A

10/30/2028

7,950‌

298‌

1‌

299‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

2.48%

Annual

Annual

N/A

03/25/2026

8,190‌

256‌

—‌

256‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

2.60%

Annual

Annual

N/A

06/17/2026

11,005‌

189‌

—‌

189‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.33%

Annual

Annual

N/A

05/04/2030

11,260‌

1,621‌

—‌

1,621‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

1.85%

Annual

Annual

N/A

08/10/2030

9,270‌

(

1,016‌

)

—‌

(

1,016‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

2.01%

Annual

Annual

N/A

09/04/2030

1,030‌

(

91‌

)

—‌

(

91‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

1.95%

Annual

Annual

N/A

09/18/2030

3,795‌

(

351‌

)

—‌

(

351‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

2.19%

Annual

Annual

N/A

12/23/2030

12,170‌

758‌

1‌

759‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

2.19%

Annual

Annual

N/A

12/31/2030

4,020‌

(

247‌

)

—‌

(

247‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

2.53%

Annual

Annual

N/A

06/21/2026

5,740‌

116‌

—‌

116‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

2.33%

Annual

Annual

N/A

01/26/2031

3,925‌

(

181‌

)

1‌

(

180‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

2.30%

Annual

Annual

N/A

02/25/2026

11,260‌

462‌

—‌

462‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

2.33%

Annual

Annual

N/A

03/01/2026

16,340‌

(

652‌

)

—‌

(

652‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

2.31%

Annual

Annual

N/A

03/01/2031

10,730‌

498‌

1‌

499‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

3.09%

Annual

Annual

N/A

08/03/2023

13,655‌

(

5‌

)

—‌

(

5‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

2.77%

Annual

Annual

N/A

08/03/2026

19,040‌

(

23‌

)

1‌

(

22‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

2.63%

Annual

Annual

N/A

06/10/2026

10,440‌

(

174‌

)

—‌

(

174‌

)

Schedule

of

Investments

Inflation

Protection

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

111

Exchange

Cleared

Interest

Rate

Swaps

(continued)

Floating

Rate

Index

(Pay)/

Receive

Floating

Rate

Fixed

Rate

Payment

Frequency

Paid

by

Fund

Payment

Frequency

Received

by

Fund

Effective

Date

(a)

Maturity

Date

Notional

Amount

Unrealized

Appreciation/

(Depreciation)

Upfront

Payments/

(Receipts)

Fair

Value

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

2.56%

Annual

Annual

N/A

04/19/2026

$

5,235‌

$

(

135‌

)

$

—‌

$

(

135‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

2.47%

Annual

Annual

N/A

04/19/2031

2,620‌

71‌

—‌

71‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

2.52%

Annual

Annual

N/A

06/10/2031

10,440‌

163‌

—‌

163‌

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Pay

1.45%

Annual

Annual

N/A

07/15/2026

EUR

4,925‌

(

41‌

)

—‌

(

41‌

)

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Receive

1.53%

Annual

Annual

N/A

07/15/2031

4,925‌

65‌

—‌

65‌

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Pay

1.79%

Annual

Annual

N/A

07/15/2051

1,295‌

(

39‌

)

—‌

(

39‌

)

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Receive

1.43%

Annual

Annual

N/A

06/15/2026

5,060‌

56‌

—‌

56‌

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Pay

1.46%

Annual

Annual

N/A

06/15/2031

5,060‌

(

119‌

)

1‌

(

118‌

)

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Receive

1.50%

Annual

Annual

N/A

06/15/2026

9,845‌

63‌

(

1‌

)

62‌

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Pay

1.50%

Annual

Annual

N/A

07/15/2031

5,085‌

(

87‌

)

—‌

(

87‌

)

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Pay

1.45%

Annual

Annual

N/A

03/15/2031

6,585‌

(

258‌

)

3‌

(

255‌

)

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Pay

1.53%

Annual

Annual

N/A

06/15/2031

9,845‌

(

135‌

)

1‌

(

134‌

)

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Pay

1.54%

Annual

Annual

N/A

07/15/2031

5,015‌

(

61‌

)

—‌

(

61‌

)

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Receive

1.44%

Annual

Annual

N/A

07/15/2026

5,085‌

48‌

—‌

48‌

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Pay

1.54%

Annual

Annual

N/A

06/15/2031

5,180‌

(

69‌

)

—‌

(

69‌

)

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Receive

1.48%

Annual

Annual

N/A

07/15/2026

5,015‌

33‌

—‌

33‌

Secured

Overnight

Financing

Rate

Receive

1.08%

Annual

Annual

N/A

08/02/2031

$

100‌

(

1‌

)

—‌

(

1‌

)

United

Kingdom

Retail

Prices

Index

Receive

3.38%

Annual

Annual

N/A

12/15/2030

GBP

2,525‌

219‌

(

1‌

)

218‌

United

Kingdom

Retail

Prices

Index

Receive

3.42%

Annual

Annual

N/A

10/15/2034

12,690‌

461‌

32‌

493‌

United

Kingdom

Retail

Prices

Index

Pay

3.36%

Annual

Annual

N/A

10/15/2039

12,690‌

(

1,007‌

)

(

33‌

)

(

1,040‌

)

United

Kingdom

Retail

Prices

Index

Receive

3.16%

Annual

Annual

N/A

10/15/2049

9,745‌

2,062‌

(

93‌

)

1,969‌

United

Kingdom

Retail

Prices

Index

Pay

3.27%

Annual

Annual

N/A

10/15/2044

9,745‌

(

1,318‌

)

18‌

(

1,300‌

)

United

Kingdom

Retail

Prices

Index

Receive

3.13%

Annual

Annual

N/A

01/15/2050

4,000‌

954‌

11‌

965‌

United

Kingdom

Retail

Prices

Index

Pay

3.24%

Annual

Annual

N/A

01/15/2045

4,000‌

(

669‌

)

(

7‌

)

(

676‌

)

United

Kingdom

Retail

Prices

Index

Pay

3.56%

Annual

Annual

N/A

03/15/2041

965‌

(

59‌

)

—‌

(

59‌

)

United

Kingdom

Retail

Prices

Index

Pay

3.67%

Annual

Annual

N/A

06/15/2031

7,235‌

(

193‌

)

—‌

(

193‌

)

United

Kingdom

Retail

Prices

Index

Pay

3.34%

Annual

Annual

N/A

01/15/2040

5,200‌

(

548‌

)

(

9‌

)

(

557‌

)

United

Kingdom

Retail

Prices

Index

Pay

3.50%

Annual

Annual

N/A

12/15/2030

7,500‌

(

501‌

)

7‌

(

494‌

)

United

Kingdom

Retail

Prices

Index

Receive

3.39%

Annual

Annual

N/A

01/15/2035

5,200‌

320‌

4‌

324‌

United

Kingdom

Retail

Prices

Index

Receive

3.36%

Annual

Annual

N/A

01/15/2035

5,400‌

378‌

8‌

386‌

United

Kingdom

Retail

Prices

Index

Receive

3.63%

Annual

Annual

N/A

06/15/2026

7,235‌

126‌

—‌

126‌

United

Kingdom

Retail

Prices

Index

Pay

3.22%

Annual

Annual

N/A

01/15/2045

4,100‌

(

731‌

)

(

11‌

)

(

742‌

)

United

Kingdom

Retail

Prices

Index

Receive

3.11%

Annual

Annual

N/A

01/15/2050

4,100‌

1,046‌

17‌

1,063‌

United

Kingdom

Retail

Prices

Index

Receive

3.62%

Annual

Annual

N/A

04/15/2031

3,475‌

178‌

(

1‌

)

177‌

United

Kingdom

Retail

Prices

Index

Receive

3.58%

Annual

Annual

N/A

02/15/2026

8,675‌

289‌

(

3‌

)

286‌

United

Kingdom

Retail

Prices

Index

Pay

3.63%

Annual

Annual

N/A

02/15/2031

5,350‌

(

264‌

)

2‌

(

262‌

)

United

Kingdom

Retail

Prices

Index

Pay

3.75%

Annual

Annual

N/A

04/15/2031

2,025‌

(

59‌

)

1‌

(

58‌

)

United

Kingdom

Retail

Prices

Index

Pay

3.57%

Annual

Annual

N/A

10/15/2030

8,775‌

(

492‌

)

20‌

(

472‌

)

United

Kingdom

Retail

Prices

Index

Pay

3.33%

Annual

Annual

N/A

11/15/2040

1,925‌

(

313‌

)

4‌

(

309‌

)

United

Kingdom

Retail

Prices

Index

Pay

3.31%

Annual

Annual

N/A

01/15/2040

5,400‌

(

640‌

)

(

15‌

)

(

655‌

)

United

Kingdom

Retail

Prices

Index

Receive

3.42%

Annual

Annual

N/A

01/15/2031

2,405‌

212‌

—‌

212‌

Total

$

471‌

$

(

41‌

)

$

430‌

Amounts

in

thousands.

(a)    

Forward

swap.

Schedule

of

Investments

International

Emerging

Markets

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

112

INVESTMENT

COMPANIES

-

1

.30

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

1

.30

%

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c)

3,992,916‌

$

3,993‌

TOTAL

INVESTMENT

COMPANIES

$

3,993‌

COMMON

STOCKS

-

98

.55

%

Shares

Held

Value

(000's)

Agriculture

-

0

.26

%

SLC

Agricola

SA

93,300‌

$

801‌

Airlines

-

0

.27

%

Copa

Holdings

SA

(b)

11,843‌

840‌

Automobile

Manufacturers

-

3

.15

%

Ashok

Leyland

Ltd

1,144,211‌

2,048‌

Eicher

Motors

Ltd

48,798‌

1,662‌

Hyundai

Motor

Co

15,341‌

2,920‌

Kia

Corp

41,861‌

3,057‌

$

9,687‌

Automobile

Parts

&

Equipment

-

0

.86

%

Fuyao

Glass

Industry

Group

Co

Ltd

(d)

171,600‌

1,093‌

Weichai

Power

Co

Ltd

709,000‌

1,554‌

$

2,647‌

Banks

-

8

.47

%

Bank

Rakyat

Indonesia

Persero

Tbk

PT

7,387,100‌

1,895‌

China

Merchants

Bank

Co

Ltd

322,000‌

2,450‌

Grupo

Financiero

Banorte

SAB

de

CV

317,400‌

2,053‌

HDFC

Bank

Ltd

124,040‌

2,387‌

ICICI

Bank

Ltd

408,918‌

3,761‌

Kotak

Mahindra

Bank

Ltd

(b)

44,916‌

1,001‌

OTP

Bank

Nyrt

(b)

30,056‌

1,621‌

PT

Bank

Central

Asia

Tbk

719,600‌

1,486‌

Regional

SAB

de

CV

336,400‌

2,087‌

Sberbank

of

Russia

PJSC

ADR

282,756‌

4,706‌

TCS

Group

Holding

PLC

31,099‌

2,574‌

$

26,021‌

Beverages

-

1

.66

%

Arca

Continental

SAB

de

CV

213,600‌

1,304‌

Kweichow

Moutai

Co

Ltd

8,300‌

2,159‌

Tsingtao

Brewery

Co

Ltd

206,000‌

1,628‌

$

5,091‌

Biotechnology

-

0

.25

%

I-Mab

ADR

(b)

9,654‌

754‌

Building

Materials

-

3

.07

%

Amber

Enterprises

India

Ltd

(b)

41,240‌

1,657‌

Beijing

Oriental

Yuhong

Waterproof

Technology

Co

Ltd

271,821‌

2,145‌

China

Lesso

Group

Holdings

Ltd

1,182,000‌

2,468‌

China

Resources

Cement

Holdings

Ltd

638,000‌

527‌

Voltas

Ltd

123,706‌

1,764‌

Xinyi

Glass

Holdings

Ltd

229,000‌

856‌

$

9,417‌

Chemicals

-

0

.89

%

Asian

Paints

Ltd

40,289‌

1,603‌

Navin

Fluorine

International

Ltd

22,992‌

1,131‌

$

2,734‌

Commercial

Services

-

0

.49

%

NICE

Information

Service

Co

Ltd

71,764‌

1,498‌

Computers

-

1

.82

%

Infosys

Ltd

200,319‌

4,366‌

LG

Corp

15,002‌

1,229‌

$

5,595‌

Consumer

Products

-

0

.65

%

Hindustan

Unilever

Ltd

63,575‌

1,998‌

Distribution

&

Wholesale

-

1

.75

%

AKR

Corporindo

Tbk

PT

3,041,400‌

757‌

Pop

Mart

International

Group

Ltd

(b),(d)

197,800‌

1,455‌

Vamos

Locacao

de

Caminhoes

Maquinas

e

Equipamentos

SA

(b)

225,000‌

3,152‌

$

5,364‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Diversified

Financial

Services

-

4

.76

%

Bajaj

Finance

Ltd

21,774‌

$

1,828‌

Banco

BTG

Pactual

SA

180,850‌

1,012‌

CreditAccess

Grameen

Ltd

(b)

93,605‌

838‌

Fubon

Financial

Holding

Co

Ltd

904,000‌

2,430‌

Hong

Kong

Exchanges

&

Clearing

Ltd

14,100‌

901‌

Housing

Development

Finance

Corp

Ltd

126,228‌

4,155‌

KB

Financial

Group

Inc

49,622‌

2,204‌

Tisco

Financial

Group

PCL

463,800‌

1,242‌

$

14,610‌

Electric

-

0

.44

%

China

Longyuan

Power

Group

Corp

Ltd

718,000‌

1,345‌

Electrical

Components

&

Equipment

-

1

.25

%

Delta

Electronics

Inc

205,000‌

2,112‌

Frencken

Group

Ltd

1,225,500‌

1,720‌

$

3,832‌

Electronics

-

0

.32

%

Voltronic

Power

Technology

Corp

20,000‌

975‌

Energy

-

Alternate

Sources

-

0

.58

%

Sao

Martinho

SA

285,129‌

1,771‌

Engineering

&

Construction

-

0

.88

%

Grupo

Aeroportuario

del

Pacifico

SAB

de

CV

(b)

161,400‌

1,847‌

Grupo

Aeroportuario

del

Sureste

SAB

de

CV

47,985‌

868‌

$

2,715‌

Food

-

2

.92

%

Bid

Corp

Ltd

(b)

75,205‌

1,652‌

Dino

Polska

SA

(b),(d)

22,296‌

1,785‌

JBS

SA

141,600‌

873‌

Nestle

India

Ltd

5,133‌

1,222‌

Tingyi

Cayman

Islands

Holding

Corp

968,000‌

1,745‌

Want

Want

China

Holdings

Ltd

2,495,000‌

1,684‌

$

8,961‌

Gas

-

1

.67

%

China

Resources

Gas

Group

Ltd

318,000‌

1,960‌

ENN

Energy

Holdings

Ltd

151,900‌

3,170‌

$

5,130‌

Healthcare

-

Products

-

0

.80

%

Osstem

Implant

Co

Ltd

21,954‌

2,470‌

Healthcare

-

Services

-

2

.07

%

Notre

Dame

Intermedica

Participacoes

SA

77,000‌

1,183‌

Pharmaron

Beijing

Co

Ltd

(d)

66,800‌

1,465‌

Rede

D'Or

Sao

Luiz

SA

(d)

84,020‌

1,117‌

Wuxi

Biologics

Cayman

Inc

(b),(d)

169,500‌

2,589‌

$

6,354‌

Home

Furnishings

-

1

.23

%

Haier

Smart

Home

Co

Ltd

503,000‌

1,725‌

JS

Global

Lifestyle

Co

Ltd

(d)

360,000‌

908‌

Midea

Group

Co

Ltd

117,300‌

1,155‌

$

3,788‌

Insurance

-

3

.88

%

AIA

Group

Ltd

202,600‌

2,424‌

ICICI

Lombard

General

Insurance

Co

Ltd

(d)

65,344‌

1,298‌

ICICI

Prudential

Life

Insurance

Co

Ltd

(d)

110,371‌

940‌

Odontoprev

SA

283,400‌

710‌

PICC

Property

&

Casualty

Co

Ltd

2,132,000‌

1,722‌

Ping

An

Insurance

Group

Co

of

China

Ltd

356,500‌

3,120‌

Qualitas

Controladora

SAB

de

CV

351,000‌

1,705‌

$

11,919‌

Internet

-

14

.15

%

Alibaba

Group

Holding

Ltd

(b)

527,424‌

12,881‌

JD.com

Inc

ADR

(b)

45,193‌

3,203‌

Meituan

(b),(d)

165,600‌

4,582‌

MercadoLibre

Inc

(b)

961‌

1,508‌

My

EG

Services

Bhd

3,099,600‌

1,220‌

NCSoft

Corp

2,610‌

1,872‌

Sea

Ltd

ADR

(b)

5,720‌

1,580‌

Tencent

Holdings

Ltd

249,000‌

15,017‌

Trip.com

Group

Ltd

ADR

(b)

61,414‌

1,592‌

$

43,455‌

Schedule

of

Investments

International

Emerging

Markets

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

113

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Investment

Companies

-

0

.28

%

VEF

AB

(b)

1,612,935‌

$

871‌

Iron

&

Steel

-

2

.83

%

Hunan

Valin

Steel

Co

Ltd

859,889‌

1,022‌

Kumba

Iron

Ore

Ltd

38,127‌

2,023‌

Severstal

PAO

78,716‌

1,937‌

Vale

SA

175,600‌

3,698‌

$

8,680‌

Lodging

-

0

.31

%

Galaxy

Entertainment

Group

Ltd

(b)

142,000‌

962‌

Metal

Fabrication

&

Hardware

-

0

.72

%

APL

Apollo

Tubes

Ltd

(b)

54,636‌

1,284‌

Astral

Ltd

33,617‌

942‌

$

2,226‌

Mining

-

2

.20

%

Anglo

American

PLC

51,588‌

2,286‌

Impala

Platinum

Holdings

Ltd

133,236‌

2,402‌

Polymetal

International

PLC

49,039‌

1,065‌

Polyus

PJSC

10,329‌

996‌

$

6,749‌

Miscellaneous

Manufacturers

-

1

.96

%

Elite

Material

Co

Ltd

116,000‌

938‌

Escorts

Ltd

41,061‌

655‌

Lens

Technology

Co

Ltd

183,800‌

724‌

Pidilite

Industries

Ltd

43,485‌

1,333‌

Sunny

Optical

Technology

Group

Co

Ltd

77,800‌

2,362‌

$

6,012‌

Oil

&

Gas

-

4

.55

%

LUKOIL

PJSC

ADR

37,610‌

3,223‌

Petrobras

Distribuidora

SA

440,900‌

2,403‌

Petroleo

Brasileiro

SA

431,200‌

2,285‌

Reliance

Industries

Ltd

221,375‌

6,068‌

$

13,979‌

Packaging

&

Containers

-

0

.27

%

Shandong

Pharmaceutical

Glass

Co

Ltd

159,100‌

845‌

Pharmaceuticals

-

0

.56

%

Caplin

Point

Laboratories

Ltd

74,460‌

886‌

China

Grand

Pharmaceutical

and

Healthcare

Holdings

Ltd

1,050,000‌

835‌

$

1,721‌

Pipelines

-

0

.62

%

Gaztransport

Et

Technigaz

SA

23,773‌

1,906‌

Real

Estate

-

1

.29

%

A-Living

Smart

City

Services

Co

Ltd

(d)

526,750‌

2,009‌

Shimao

Services

Holdings

Ltd

(d)

840,213‌

1,940‌

$

3,949‌

Retail

-

4

.04

%

Ace

Hardware

Indonesia

Tbk

PT

11,079,900‌

1,012‌

China

Meidong

Auto

Holdings

Ltd

180,000‌

971‌

China

Yongda

Automobiles

Services

Holdings

Ltd

738,000‌

1,378‌

Home

Product

Center

PCL

2,744,600‌

1,112‌

Li

Ning

Co

Ltd

201,000‌

2,123‌

Magazine

Luiza

SA

497,212‌

1,967‌

Via

Varejo

S/A

(b)

497,819‌

1,210‌

Wal-Mart

de

Mexico

SAB

de

CV

798,800‌

2,632‌

$

12,405‌

Semiconductors

-

18

.94

%

ASE

Technology

Holding

Co

Ltd

390,000‌

1,716‌

ASPEED

Technology

Inc

11,000‌

886‌

eMemory

Technology

Inc

19,700‌

927‌

Hana

Materials

Inc

29,790‌

1,331‌

Keystone

Microtech

Corp

79,000‌

984‌

MediaTek

Inc

146,000‌

4,774‌

Novatek

Microelectronics

Corp

63,300‌

1,164‌

Parade

Technologies

Ltd

17,000‌

1,044‌

Realtek

Semiconductor

Corp

96,000‌

2,027‌

Samsung

Electronics

Co

Ltd

247,059‌

16,883‌

SK

Hynix

Inc

39,378‌

3,855‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Semiconductors

(continued)

Taiwan

Semiconductor

Manufacturing

Co

Ltd

1,080,685‌

$

22,586‌

$

58,177‌

Shipbuilding

-

0

.20

%

Yangzijiang

Shipbuilding

Holdings

Ltd

607,700‌

615‌

Software

-

0

.73

%

NetEase

Inc

112,125‌

2,230‌

Telecommunications

-

0

.51

%

RichWave

Technology

Corp

(b)

36,000‌

518‌

Shenzhen

Transsion

Holdings

Co

Ltd

41,841‌

1,054‌

$

1,572‌

TOTAL

COMMON

STOCKS

$

302,671‌

PREFERRED

STOCKS

-

0

.27

%

Shares

Held

Value

(000's)

Semiconductors

-

0

.27

%

Samsung

Electronics

Co

Ltd

1431.00%

13,335‌

$

837‌

TOTAL

PREFERRED

STOCKS

$

837‌

Total

Investments

$

307,501‌

Other

Assets

and

Liabilities

-  (0.12)%

(

366‌

)

TOTAL

NET

ASSETS

-

100.00%

$

307,135‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

(c)

Current

yield

shown

is

as

of

period

end.

(d)

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$21,181

or

6.90%

of

net

assets.

Portfolio

Summary  (unaudited)

Location

Percent

China

29

.30‌

%

India

14

.59‌

%

Taiwan

13

.69‌

%

Korea,

Republic

Of

12

.42‌

%

Brazil

7

.22‌

%

Mexico

4

.07‌

%

Russian

Federation

3

.53‌

%

Hong

Kong

3

.04‌

%

South

Africa

1

.98‌

%

Indonesia

1

.68‌

%

United

States

1

.64‌

%

Cyprus

1

.19‌

%

Malaysia

0

.96‌

%

Thailand

0

.77‌

%

United

Kingdom

0

.75‌

%

France

0

.62‌

%

Poland

0

.58‌

%

Hungary

0

.53‌

%

Singapore

0

.52‌

%

Argentina

0

.49‌

%

Sweden

0

.28‌

%

Panama

0

.27‌

%

Other

Assets

and

Liabilities

(

0

.12‌

)

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

International

Emerging

Markets

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

114

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

3,691‌

$

59,678‌

$

59,376‌

$

3,993‌

$

3,691‌

$

59,678‌

$

59,376‌

$

3,993‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

International

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

115

INVESTMENT

COMPANIES

-

1

.17

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

1

.17

%

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c)

4,077,331‌

$

4,077‌

TOTAL

INVESTMENT

COMPANIES

$

4,077‌

COMMON

STOCKS

-

98

.11

%

Shares

Held

Value

(000's)

Agriculture

-

0

.58

%

British

American

Tobacco

PLC

54,000‌

$

2,008‌

Apparel

-

2

.67

%

Kering

SA

2,361‌

2,118‌

LVMH

Moet

Hennessy

Louis

Vuitton

SE

8,978‌

7,189‌

$

9,307‌

Automobile

Manufacturers

-

2

.24

%

Bayerische

Motoren

Werke

AG

18,500‌

1,840‌

Toyota

Motor

Corp

33,000‌

2,963‌

Volvo

AB

-

B

Shares

128,000‌

3,018‌

$

7,821‌

Automobile

Parts

&

Equipment

-

1

.93

%

Bridgestone

Corp

76,000‌

3,348‌

Koito

Manufacturing

Co

Ltd

24,000‌

1,469‌

Magna

International

Inc

23,000‌

1,928‌

$

6,745‌

Banks

-

11

.31

%

Bank

of

China

Ltd

8,821,000‌

3,065‌

China

Merchants

Bank

Co

Ltd

785,500‌

5,976‌

DBS

Group

Holdings

Ltd

144,900‌

3,242‌

Lloyds

Banking

Group

PLC

2,027,000‌

1,282‌

Macquarie

Group

Ltd

14,346‌

1,656‌

National

Bank

of

Canada

67,900‌

5,197‌

Royal

Bank

of

Canada

57,300‌

5,795‌

Sberbank

of

Russia

PJSC

ADR

194,243‌

3,232‌

Svenska

Handelsbanken

AB

382,000‌

4,305‌

Swedbank

AB

145,000‌

2,824‌

UBS

Group

AG

174,000‌

2,867‌

$

39,441‌

Beverages

-

0

.51

%

Diageo

PLC

36,000‌

1,785‌

Building

Materials

-

2

.20

%

China

Lesso

Group

Holdings

Ltd

690,000‌

1,441‌

Sika

AG

12,460‌

4,389‌

Xinyi

Glass

Holdings

Ltd

494,000‌

1,846‌

$

7,676‌

Chemicals

-

1

.12

%

Nitto

Denko

Corp

23,000‌

1,709‌

Soulbrain

Co

Ltd/New

7,471‌

2,212‌

$

3,921‌

Coal

-

0

.92

%

China

Shenhua

Energy

Co

Ltd

802,000‌

1,518‌

Shaanxi

Coal

Industry

Co

Ltd

947,957‌

1,641‌

Thungela

Resources

Ltd

(b)

9,550‌

30‌

$

3,189‌

Commercial

Services

-

1

.01

%

Ashtead

Group

PLC

47,137‌

3,527‌

Computers

-

3

.85

%

Asustek

Computer

Inc

128,000‌

1,609‌

BayCurrent

Consulting

Inc

11,300‌

4,500‌

Gigabyte

Technology

Co

Ltd

710,000‌

2,551‌

Logitech

International

SA

17,000‌

1,868‌

Teleperformance

6,822‌

2,878‌

$

13,406‌

Cosmetics

&

Personal

Care

-

1

.13

%

L'Oreal

SA

8,600‌

3,934‌

Distribution

&

Wholesale

-

0

.51

%

Ferguson

PLC

12,800‌

1,794‌

Diversified

Financial

Services

-

6

.52

%

Amundi

SA

(d)

19,500‌

1,801‌

Azimut

Holding

SpA

115,892‌

2,981‌

Banca

Generali

SpA

(b)

59,000‌

2,448‌

Fubon

Financial

Holding

Co

Ltd

1,354,000‌

3,640‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Diversified

Financial

Services

(continued)

Hana

Financial

Group

Inc

51,000‌

$

1,924‌

IG

Group

Holdings

PLC

144,000‌

1,784‌

KB

Financial

Group

Inc

39,000‌

1,732‌

Korea

Investment

Holdings

Co

Ltd

18,000‌

1,504‌

Man

Group

PLC/Jersey

1,258,000‌

3,455‌

Schroders

PLC

28,500‌

1,447‌

$

22,716‌

Electric

-

1

.65

%

Endesa

SA

85,000‌

2,065‌

Enel

SpA

192,000‌

1,769‌

Iberdrola

SA

158,000‌

1,902‌

$

5,736‌

Electrical

Components

&

Equipment

-

2

.29

%

Delta

Electronics

Inc

248,000‌

2,555‌

LG

Innotek

Co

Ltd

13,000‌

2,570‌

Schneider

Electric

SE

17,000‌

2,847‌

$

7,972‌

Electronics

-

1

.45

%

Micro-Star

International

Co

Ltd

436,000‌

2,316‌

Murata

Manufacturing

Co

Ltd

33,000‌

2,739‌

$

5,055‌

Engineering

&

Construction

-

0

.38

%

Penta-Ocean

Construction

Co

Ltd

197,000‌

1,335‌

Entertainment

-

1

.31

%

Evolution

AB

(d)

11,200‌

1,949‌

Kindred

Group

PLC

160,000‌

2,619‌

$

4,568‌

Food

-

3

.92

%

HelloFresh

SE

(b)

18,000‌

1,687‌

JBS

SA

277,000‌

1,707‌

Magnit

PJSC

121,000‌

1,767‌

Marfrig

Global

Foods

SA

531,000‌

2,003‌

Metro

Inc/CN

32,500‌

1,686‌

Nestle

SA

38,000‌

4,812‌

$

13,662‌

Gas

-

1

.31

%

ENN

Energy

Holdings

Ltd

219,400‌

4,579‌

Healthcare

-

Products

-

0

.37

%

Jafron

Biomedical

Co

Ltd

125,000‌

1,300‌

Home

Builders

-

1

.56

%

Barratt

Developments

PLC

146,000‌

1,427‌

Bellway

PLC

36,000‌

1,644‌

Open

House

Co

Ltd

47,000‌

2,376‌

$

5,447‌

Home

Furnishings

-

1

.60

%

JS

Global

Lifestyle

Co

Ltd

(d)

596,000‌

1,503‌

Sony

Group

Corp

39,000‌

4,074‌

$

5,577‌

Insurance

-

7

.69

%

Allianz

SE

8,123‌

2,019‌

Assicurazioni

Generali

SpA

128,000‌

2,552‌

Dai-ichi

Life

Holdings

Inc

69,000‌

1,270‌

iA

Financial

Corp

Inc

27,000‌

1,494‌

Japan

Post

Insurance

Co

Ltd

137,114‌

2,431‌

Legal

&

General

Group

PLC

798,230‌

2,891‌

Manulife

Financial

Corp

107,000‌

2,069‌

Power

Corp

of

Canada

70,350‌

2,245‌

Samsung

Life

Insurance

Co

Ltd

24,500‌

1,608‌

Sun

Life

Financial

Inc

52,500‌

2,734‌

Swiss

Life

Holding

AG

5,764‌

2,973‌

Tokio

Marine

Holdings

Inc

53,037‌

2,528‌

$

26,814‌

Internet

-

3

.12

%

Alibaba

Group

Holding

Ltd

ADR

(b)

11,000‌

2,147‌

CyberAgent

Inc

82,600‌

1,487‌

Future

PLC

58,000‌

2,778‌

Tencent

Holdings

Ltd

74,000‌

4,463‌

$

10,875‌

Schedule

of

Investments

International

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

116

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Iron

&

Steel

-

3

.43

%

Evraz

PLC

204,000‌

$

1,743‌

Fortescue

Metals

Group

Ltd

129,000‌

2,357‌

Kumba

Iron

Ore

Ltd

30,000‌

1,592‌

Mineral

Resources

Ltd

82,000‌

3,794‌

Vale

SA

117,000‌

2,464‌

$

11,950‌

Leisure

Products

&

Services

-

0

.47

%

BRP

Inc

19,700‌

1,651‌

Machinery

-

Construction

&

Mining

-

0

.39

%

Sandvik

AB

52,000‌

1,356‌

Machinery

-

Diversified

-

2

.21

%

Atlas

Copco

AB

-

A

Shares

58,500‌

3,962‌

Ebara

Corp

41,400‌

2,048‌

Haitian

International

Holdings

Ltd

462,000‌

1,690‌

$

7,700‌

Mining

-

4

.51

%

Anglo

American

Platinum

Ltd

14,600‌

1,911‌

Anglo

American

PLC

95,500‌

4,232‌

BHP

Group

PLC

73,000‌

2,364‌

Boliden

AB

(b)

43,000‌

1,676‌

Impala

Platinum

Holdings

Ltd

85,000‌

1,532‌

Rio

Tinto

Ltd

41,000‌

4,018‌

$

15,733‌

Miscellaneous

Manufacturers

-

2

.06

%

Elite

Material

Co

Ltd

446,000‌

3,607‌

Siemens

AG

23,000‌

3,589‌

$

7,196‌

Oil

&

Gas

-

0

.75

%

PTT

Exploration

&

Production

PCL

839,000‌

2,628‌

Packaging

&

Containers

-

0

.51

%

CCL

Industries

Inc

31,000‌

1,778‌

Pharmaceuticals

-

3

.67

%

Ipsen

SA

13,500‌

1,443‌

Novo

Nordisk

A/S

29,000‌

2,684‌

Roche

Holding

AG

9,300‌

3,593‌

Sanofi

29,000‌

2,989‌

Shanghai

Fosun

Pharmaceutical

Group

Co

Ltd

227,000‌

2,080‌

$

12,789‌

Private

Equity

-

0

.89

%

Partners

Group

Holding

AG

1,820‌

3,109‌

Real

Estate

-

0

.41

%

Country

Garden

Services

Holdings

Co

Ltd

177,000‌

1,437‌

Retail

-

1

.95

%

ANTA

Sports

Products

Ltd

121,100‌

2,637‌

B&M

European

Value

Retail

SA

288,000‌

2,213‌

Harvey

Norman

Holdings

Ltd

467,000‌

1,950‌

$

6,800‌

Semiconductors

-

9

.30

%

ASML

Holding

NV

6,300‌

4,816‌

Elan

Microelectronics

Corp

238,000‌

1,546‌

Maxscend

Microelectronics

Co

Ltd

20,998‌

1,315‌

MediaTek

Inc

50,500‌

1,651‌

Novatek

Microelectronics

Corp

100,453‌

1,848‌

Realtek

Semiconductor

Corp

196,000‌

4,138‌

Samsung

Electronics

Co

Ltd

91,000‌

6,219‌

Taiwan

Semiconductor

Manufacturing

Co

Ltd

233,854‌

4,887‌

Taiwan

Semiconductor

Manufacturing

Co

Ltd

ADR

37,200‌

4,339‌

Tokyo

Electron

Ltd

4,000‌

1,650‌

$

32,409‌

Software

-

2

.04

%

HCL

Technologies

Ltd

129,000‌

1,779‌

Konami

Holdings

Corp

27,000‌

1,496‌

NetEase

Inc

ADR

18,855‌

1,927‌

TIS

Inc

73,000‌

1,893‌

$

7,095‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Telecommunications

-

0

.53

%

Telefonaktiebolaget

LM

Ericsson

160,000‌

$

1,845‌

Toys,

Games

&

Hobbies

-

0

.44

%

Nintendo

Co

Ltd

3,000‌

1,542‌

Transportation

-

1

.40

%

Canadian

Pacific

Railway

Ltd

26,500‌

1,968‌

Kuehne

+

Nagel

International

AG

8,600‌

2,901‌

$

4,869‌

TOTAL

COMMON

STOCKS

$

342,077‌

Total

Investments

$

346,154‌

Other

Assets

and

Liabilities

-  0.72%

2,521‌

TOTAL

NET

ASSETS

-

100.00%

$

348,675‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

(c)

Current

yield

shown

is

as

of

period

end.

(d)

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$5,253

or

1.51%

of

net

assets.

Portfolio

Summary  (unaudited)

Location

Percent

Japan

11

.74‌

%

China

10

.66‌

%

Taiwan

9

.93‌

%

United

Kingdom

9

.75‌

%

Canada

8

.17‌

%

Switzerland

7

.60‌

%

France

7

.24‌

%

Sweden

6

.00‌

%

Korea,

Republic

Of

5

.10‌

%

Australia

4

.63‌

%

Italy

2

.80‌

%

Germany

2

.62‌

%

Brazil

1

.78‌

%

South

Africa

1

.46‌

%

Russian

Federation

1

.44‌

%

Netherlands

1

.38‌

%

United

States

1

.17‌

%

Spain

1

.14‌

%

Hong

Kong

0

.96‌

%

Singapore

0

.93‌

%

Denmark

0

.77‌

%

Malta

0

.75‌

%

Thailand

0

.75‌

%

India

0

.51‌

%

Other

Assets

and

Liabilities

0

.72‌

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

International

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

117

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

3‌

$

142,889‌

$

138,815‌

$

4,077‌

$

3‌

$

142,889‌

$

138,815‌

$

4,077‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

LargeCap

Growth

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

118

INVESTMENT

COMPANIES

-

1.75%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0.25%

iShares

Russell

1000

Growth

ETF

130,215‌

$

36,546‌

Money

Market

Funds

-

1.50%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(a),(b)

25,300,995‌

25,301‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

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

193,833,887‌

193,834‌

$

219,135‌

TOTAL

INVESTMENT

COMPANIES

$

255,681‌

CONVERTIBLE

PREFERRED

STOCKS

-

1.80%

Shares

Held

Value

(000's)

Automobile

Manufacturers

-

1.65%

Rivian

Automotive

Series

D

0.00%

(d),(e),(f)

1,213,721‌

$

86,211‌

Rivian

Automotive

Series

E

0.00%

(d),(e),(f)

1,774,321‌

126,030‌

Rivian

Automotive

Series

F

0.00%

(d),(e),(f)

350,551‌

24,900‌

Waymo

LLC

Series

A-2

0.00%

(d),(e),(f)

48,770‌

4,473‌

$

241,614‌

Chemicals

-

0.03%

Sila

Nano

Series

F

0.00%

(d),(e),(f)

103,620‌

4,277‌

Software

-

0.08%

Magic

Leap

Inc

-

Series

C

0.00%

(d),(e),(f)

168,788‌

103‌

Magic

Leap

Inc

-

Series

D

0.00%

(d),(e),(f)

48,744‌

30‌

Nuro

-

Series

C

0.00%

(d),(e),(f)

353,308‌

4,612‌

Rappi

Inc

-

Series

E

0.00%

(d),(e),(f)

103,387‌

6,660‌

$

11,405‌

Telecommunications

-

0.04%

Aurora

Innovation

0.00%

(d),(e),(f)

327,430‌

6,683‌

TOTAL

CONVERTIBLE

PREFERRED

STOCKS

$

263,979‌

COMMON

STOCKS

-

96.72%

Shares

Held

Value

(000's)

Advertising

-

0.02%

Trade

Desk

Inc/The

(d)

33,346‌

$

2,731‌

Aerospace

&

Defense

-

1.13%

HEICO

Corp

1,124‌

152‌

HEICO

Corp

-

Class

A

1,972‌

239‌

Howmet

Aerospace

Inc

2,254‌

74‌

L3Harris

Technologies

Inc

693,935‌

157,343‌

Lockheed

Martin

Corp

16,865‌

6,268‌

Northrop

Grumman

Corp

1,024‌

372‌

Spirit

AeroSystems

Holdings

Inc

2,377‌

103‌

TransDigm

Group

Inc

(d)

1,158‌

742‌

$

165,293‌

Agriculture

-

0.03%

Altria

Group

Inc

80,203‌

3,853‌

Darling

Ingredients

Inc

(d)

665‌

46‌

$

3,899‌

Airlines

-

0.01%

Delta

Air

Lines

Inc

(d)

49,741‌

1,985‌

Apparel

-

0.43%

Columbia

Sportswear

Co

192‌

19‌

Deckers

Outdoor

Corp

(d)

294‌

121‌

Hanesbrands

Inc

16,137‌

295‌

NIKE

Inc

361,355‌

60,530‌

Skechers

USA

Inc

(d)

1,146‌

61‌

Tapestry

Inc

(d)

2,170‌

92‌

VF

Corp

16,205‌

1,300‌

$

62,418‌

Automobile

Manufacturers

-

0.28%

Tesla

Inc

(d)

60,445‌

41,538‌

TuSimple

Holdings

Inc

(d),(g)

322‌

12‌

$

41,550‌

Automobile

Parts

&

Equipment

-

0.59%

Allison

Transmission

Holdings

Inc

6,433‌

257‌

Aptiv

PLC

(d)

515,424‌

85,998‌

QuantumScape

Corp

(d),(g)

6,457‌

148‌

$

86,403‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Banks

-

0.01%

Citizens

Financial

Group

Inc

5,851‌

$

247‌

Goldman

Sachs

Group

Inc/The

1,413‌

530‌

Synovus

Financial

Corp

846‌

34‌

Western

Alliance

Bancorp

4,125‌

383‌

$

1,194‌

Beverages

-

1.03%

Boston

Beer

Co

Inc/The

(d)

725‌

515‌

Brown-Forman

Corp

-

A

Shares

1,758‌

117‌

Brown-Forman

Corp

-

B

Shares

1,716,229‌

121,715‌

Coca-Cola

Co/The

213,562‌

12,179‌

Monster

Beverage

Corp

(d)

26,834‌

2,531‌

PepsiCo

Inc

89,345‌

14,023‌

$

151,080‌

Biotechnology

-

0.72%

Acceleron

Pharma

Inc

(d)

4,076‌

510‌

Alnylam

Pharmaceuticals

Inc

(d)

9,128‌

1,634‌

Amgen

Inc

36,852‌

8,901‌

Certara

Inc

(d)

1,482‌

40‌

CureVac

NV

(d)

4,133‌

204‌

Exact

Sciences

Corp

(d)

12,289‌

1,325‌

Exelixis

Inc

(d)

20,611‌

347‌

Guardant

Health

Inc

(d)

6,987‌

767‌

Horizon

Therapeutics

Plc

(d)

3,178‌

318‌

Illumina

Inc

(d)

11,363‌

5,633‌

Incyte

Corp

(d)

326,891‌

25,285‌

Ionis

Pharmaceuticals

Inc

(d)

10,048‌

373‌

Iovance

Biotherapeutics

Inc

(d)

3,434‌

77‌

Maravai

LifeSciences

Holdings

Inc

(d)

5,870‌

258‌

Mirati

Therapeutics

Inc

(d)

2,545‌

407‌

Moderna

Inc

(d)

26,355‌

9,319‌

Novavax

Inc

(d)

5,745‌

1,030‌

Regeneron

Pharmaceuticals

Inc

(d)

837‌

481‌

Royalty

Pharma

PLC

14,979‌

572‌

Seagen

Inc

(d)

9,273‌

1,423‌

Ultragenyx

Pharmaceutical

Inc

(d)

3,730‌

298‌

Vertex

Pharmaceuticals

Inc

(d)

231,868‌

46,740‌

$

105,942‌

Building

Materials

-

0.02%

Armstrong

World

Industries

Inc

1,786‌

193‌

AZEK

Co

Inc/The

(d)

4,663‌

170‌

Carrier

Global

Corp

31,677‌

1,750‌

Fortune

Brands

Home

&

Security

Inc

2,740‌

267‌

Louisiana-Pacific

Corp

578‌

32‌

Trex

Co

Inc

(d)

9,004‌

874‌

$

3,286‌

Chemicals

-

1.35%

Axalta

Coating

Systems

Ltd

(d)

2,874‌

87‌

Celanese

Corp

3,190‌

497‌

Chemours

Co/The

6,593‌

219‌

Diversey

Holdings

Ltd

(d)

3,072‌

51‌

Dow

Inc

4,191‌

261‌

Ecolab

Inc

17,074‌

3,770‌

FMC

Corp

2,536‌

271‌

LyondellBasell

Industries

NV

2,515‌

250‌

Olin

Corp

848‌

40‌

PPG

Industries

Inc

7,775‌

1,271‌

RPM

International

Inc

5,803‌

502‌

Sherwin-Williams

Co/The

653,234‌

190,111‌

W

R

Grace

&

Co

4,376‌

305‌

Westlake

Chemical

Corp

514‌

43‌

$

197,678‌

Commercial

Services

-

6.16%

Affirm

Holdings

Inc

(d)

22,969‌

1,294‌

Automatic

Data

Processing

Inc

30,483‌

6,390‌

Avalara

Inc

(d)

6,590‌

1,102‌

Booz

Allen

Hamilton

Holding

Corp

10,559‌

906‌

Bright

Horizons

Family

Solutions

Inc

(d)

3,771‌

564‌

Chegg

Inc

(d)

8,310‌

736‌

Cintas

Corp

504,291‌

198,781‌

Schedule

of

Investments

LargeCap

Growth

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

119

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Commercial

Services

(continued)

CoStar

Group

Inc

(d)

454,720‌

$

40,402‌

Equifax

Inc

3,604‌

939‌

Euronet

Worldwide

Inc

(d)

2,788‌

398‌

FleetCor

Technologies

Inc

(d)

1,454‌

375‌

Gartner

Inc

(d)

6,517‌

1,725‌

Global

Payments

Inc

949,827‌

183,706‌

H&R

Block

Inc

11,416‌

280‌

MarketAxess

Holdings

Inc

26,003‌

12,356‌

Moody's

Corp

11,983‌

4,506‌

Morningstar

Inc

1,648‌

416‌

Paylocity

Holding

Corp

(d)

2,916‌

605‌

PayPal

Holdings

Inc

(d)

1,406,567‌

387,552‌

Robert

Half

International

Inc

7,496‌

736‌

Rollins

Inc

16,420‌

629‌

S&P

Global

Inc

102,458‌

43,926‌

Sabre

Corp

(d)

24,680‌

291‌

Shift4

Payments

Inc

(d)

3,340‌

298‌

Square

Inc

(d)

30,424‌

7,523‌

StoneCo

Ltd

(d)

15,990‌

941‌

TransUnion

10,175‌

1,222‌

United

Rentals

Inc

(d)

1,952‌

643‌

Verisk

Analytics

Inc

7,871‌

1,495‌

WEX

Inc

(d)

2,331‌

442‌

$

901,179‌

Computers

-

3.70%

Accenture

PLC

-

Class

A

39,838‌

12,656‌

Apple

Inc

3,018,007‌

440,207‌

Crowdstrike

Holdings

Inc

(d)

12,487‌

3,167‌

Dell

Technologies

Inc

(d)

10,398‌

1,005‌

EPAM

Systems

Inc

(d)

4,189‌

2,345‌

Fortinet

Inc

(d)

285,553‌

77,739‌

Genpact

Ltd

712‌

35‌

Globant

SA

(d)

3,023‌

723‌

HP

Inc

33,691‌

973‌

McAfee

Corp

2,750‌

74‌

NCR

Corp

(d)

3,369‌

149‌

NetApp

Inc

11,482‌

914‌

Pure

Storage

Inc

(d)

19,408‌

379‌

Zscaler

Inc

(d)

6,015‌

1,419‌

$

541,785‌

Consumer

Products

-

0.03%

Avery

Dennison

Corp

3,419‌

720‌

Church

&

Dwight

Co

Inc

1,014‌

88‌

Clorox

Co/The

7,844‌

1,419‌

Kimberly-Clark

Corp

13,204‌

1,792‌

$

4,019‌

Cosmetics

&

Personal

Care

-

1.48%

Colgate-Palmolive

Co

34,469‌

2,740‌

Estee

Lauder

Cos

Inc/The

639,553‌

213,502‌

$

216,242‌

Distribution

&

Wholesale

-

0.06%

Copart

Inc

(d)

16,271‌

2,392‌

Fastenal

Co

39,614‌

2,170‌

IAA

Inc

(d)

10,491‌

634‌

Leslie's

Inc

(d)

7,511‌

183‌

Pool

Corp

3,030‌

1,448‌

SiteOne

Landscape

Supply

Inc

(d)

1,786‌

312‌

WW

Grainger

Inc

3,001‌

1,334‌

$

8,473‌

Diversified

Financial

Services

-

4.18%

American

Express

Co

32,292‌

5,507‌

Ameriprise

Financial

Inc

5,070‌

1,306‌

Apollo

Global

Management

Inc

13,890‌

818‌

Charles

Schwab

Corp/The

394,017‌

26,773‌

Credit

Acceptance

Corp

(d)

47‌

23‌

Discover

Financial

Services

13,043‌

1,622‌

LPL

Financial

Holdings

Inc

6,194‌

874‌

Mastercard

Inc

766,463‌

295,808‌

Raymond

James

Financial

Inc

487‌

63‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Diversified

Financial

Services

(continued)

Rocket

Cos

Inc

10,522‌

$

181‌

Synchrony

Financial

8,444‌

397‌

T

Rowe

Price

Group

Inc

5,804‌

1,185‌

Upstart

Holdings

Inc

(d)

955‌

115‌

UWM

Holdings

Corp

(g)

1,593‌

12‌

Visa

Inc

1,074,062‌

264,638‌

Western

Union

Co/The

7,874‌

183‌

XP

Inc

(d)

318,326‌

13,071‌

$

612,576‌

Electric

-

0.06%

Brookfield

Renewable

Corp

2,493‌

106‌

NextEra

Energy

Inc

101,534‌

7,910‌

NRG

Energy

Inc

8,593‌

354‌

$

8,370‌

Electrical

Components

&

Equipment

-

0.02%

Generac

Holdings

Inc

(d)

4,772‌

2,001‌

Universal

Display

Corp

3,368‌

790‌

$

2,791‌

Electronics

-

0.11%

Agilent

Technologies

Inc

21,221‌

3,252‌

Allegion

plc

5,315‌

726‌

Amphenol

Corp

32,319‌

2,343‌

Coherent

Inc

(d)

1,705‌

419‌

Honeywell

International

Inc

11,693‌

2,734‌

Jabil

Inc

8,933‌

532‌

Keysight

Technologies

Inc

(d)

6,334‌

1,042‌

Mettler-Toledo

International

Inc

(d)

1,787‌

2,634‌

Vontier

Corp

7,115‌

230‌

Waters

Corp

(d)

4,424‌

1,724‌

$

15,636‌

Energy

-

Alternate

Sources

-

0.02%

Enphase

Energy

Inc

(d)

10,263‌

1,946‌

Plug

Power

Inc

(d)

38,945‌

1,062‌

$

3,008‌

Engineering

&

Construction

-

0.00%

Frontdoor

Inc

(d)

4,555‌

223‌

TopBuild

Corp

(d)

2,124‌

430‌

$

653‌

Entertainment

-

0.35%

Caesars

Entertainment

Inc

(d)

9,636‌

842‌

Churchill

Downs

Inc

2,867‌

533‌

DraftKings

Inc

(d)

546,856‌

26,522‌

Live

Nation

Entertainment

Inc

(d)

286,895‌

22,633‌

Madison

Square

Garden

Sports

Corp

(d)

563‌

92‌

Penn

National

Gaming

Inc

(d)

764‌

52‌

Six

Flags

Entertainment

Corp

(d)

2,297‌

95‌

Vail

Resorts

Inc

(d)

3,105‌

948‌

$

51,717‌

Environmental

Control

-

0.01%

Waste

Management

Inc

5,227‌

775‌

Food

-

0.04%

Beyond

Meat

Inc

(d),(g)

3,910‌

480‌

Hershey

Co/The

9,771‌

1,748‌

Kellogg

Co

8,698‌

551‌

Lamb

Weston

Holdings

Inc

3,362‌

224‌

Pilgrim's

Pride

Corp

(d)

1,512‌

33‌

Sysco

Corp

37,946‌

2,816‌

$

5,852‌

Hand

&

Machine

Tools

-

0.01%

Lincoln

Electric

Holdings

Inc

4,466‌

623‌

MSA

Safety

Inc

818‌

134‌

$

757‌

Healthcare

-

Products

-

7.72%

10X

Genomics

Inc

(d)

6,506‌

1,192‌

Abbott

Laboratories

67,662‌

8,186‌

ABIOMED

Inc

(d)

3,450‌

1,129‌

Adaptive

Biotechnologies

Corp

(d)

7,542‌

277‌

Align

Technology

Inc

(d)

6,130‌

4,265‌

Schedule

of

Investments

LargeCap

Growth

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

120

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Healthcare

-

Products

(continued)

Avantor

Inc

(d)

1,458,373‌

$

54,806‌

Bio-Techne

Corp

3,009‌

1,451‌

Bruker

Corp

7,960‌

655‌

Danaher

Corp

214,789‌

63,898‌

Edwards

Lifesciences

Corp

(d)

1,879,504‌

211,012‌

Globus

Medical

Inc

(d)

305‌

25‌

IDEXX

Laboratories

Inc

(d)

6,588‌

4,470‌

Insulet

Corp

(d)

5,146‌

1,439‌

Intuitive

Surgical

Inc

(d)

409,146‌

405,651‌

Masimo

Corp

(d)

2,823‌

769‌

Natera

Inc

(d)

5,674‌

650‌

Novocure

Ltd

(d)

7,965‌

1,227‌

Penumbra

Inc

(d),(g)

2,615‌

696‌

Repligen

Corp

(d)

4,012‌

986‌

ResMed

Inc

10,080‌

2,740‌

STERIS

PLC

1,052‌

229‌

Stryker

Corp

440,909‌

119,460‌

Tandem

Diabetes

Care

Inc

(d)

4,456‌

484‌

Teleflex

Inc

644‌

256‌

Thermo

Fisher

Scientific

Inc

448,293‌

242,082‌

West

Pharmaceutical

Services

Inc

5,721‌

2,356‌

$

1,130,391‌

Healthcare

-

Services

-

2.08%

agilon

health

Inc

(d)

3,656‌

134‌

Amedisys

Inc

(d)

2,206‌

575‌

Anthem

Inc

71,365‌

27,405‌

Catalent

Inc

(d)

2,969‌

356‌

Centene

Corp

(d)

426,336‌

29,251‌

Charles

River

Laboratories

International

Inc

(d)

3,634‌

1,479‌

Chemed

Corp

322‌

153‌

DaVita

Inc

(d)

3,827‌

460‌

Encompass

Health

Corp

4,351‌

362‌

HCA

Healthcare

Inc

295,862‌

73,433‌

Humana

Inc

106,877‌

45,515‌

IQVIA

Holdings

Inc

(d)

7,334‌

1,817‌

Molina

Healthcare

Inc

(d)

683‌

186‌

Oak

Street

Health

Inc

(d)

7,291‌

460‌

PPD

Inc

(d)

5,098‌

235‌

Sotera

Health

Co

(d)

6,094‌

144‌

Syneos

Health

Inc

(d)

1,020‌

91‌

UnitedHealth

Group

Inc

296,302‌

122,142‌

$

304,198‌

Home

Builders

-

0.02%

DR

Horton

Inc

10,691‌

1,020‌

NVR

Inc

(d)

171‌

893‌

PulteGroup

Inc

5,930‌

325‌

Thor

Industries

Inc

1,685‌

200‌

Toll

Brothers

Inc

3,539‌

210‌

$

2,648‌

Home

Furnishings

-

0.00%

Tempur

Sealy

International

Inc

14,158‌

613‌

Housewares

-

0.00%

Scotts

Miracle-Gro

Co/The

3,202‌

567‌

Insurance

-

0.03%

Alleghany

Corp

(d)

109‌

72‌

Aon

PLC

10,265‌

2,669‌

Arch

Capital

Group

Ltd

(d)

7,226‌

282‌

Brown

&

Brown

Inc

1,087‌

59‌

Erie

Indemnity

Co

1,350‌

250‌

Everest

Re

Group

Ltd

699‌

177‌

GoHealth

Inc

(d)

3,181‌

28‌

Lemonade

Inc

(d),(g)

308‌

27‌

Lincoln

National

Corp

2,240‌

138‌

Markel

Corp

(d)

175‌

211‌

Marsh

&

McLennan

Cos

Inc

4,670‌

687‌

RenaissanceRe

Holdings

Ltd

1,689‌

258‌

$

4,858‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Internet

-

26.63%

Airbnb

Inc

(d)

149,241‌

$

21,492‌

Alibaba

Group

Holding

Ltd

ADR

(d)

298,397‌

58,244‌

Alphabet

Inc

-

A

Shares

(d)

170,804‌

460,236‌

Alphabet

Inc

-

C

Shares

(d)

208,515‌

563,913‌

Amazon.com

Inc

(d)

255,704‌

850,877‌

Anaplan

Inc

(d)

11,001‌

629‌

Booking

Holdings

Inc

(d)

28,584‌

62,263‌

CDW

Corp/DE

10,894‌

1,997‌

Chewy

Inc

(d)

1,780,620‌

149,038‌

Coupang

Inc

(d),(g)

633,622‌

23,013‌

DoorDash

Inc

-

Class

A

(d)

62,135‌

10,830‌

eBay

Inc

53,040‌

3,618‌

Etsy

Inc

(d)

9,857‌

1,809‌

Expedia

Group

Inc

(d)

10,986‌

1,767‌

Facebook

Inc

(d)

1,279,597‌

455,921‌

Farfetch

Ltd

(d)

502,046‌

25,162‌

FireEye

Inc

(d)

5,339‌

108‌

GoDaddy

Inc

(d)

1,334‌

112‌

IAC/InterActiveCorp

(d)

220,545‌

30,279‌

Lyft

Inc

(d)

21,822‌

1,207‌

Match

Group

Inc

(d)

1,590,036‌

253,246‌

Netflix

Inc

(d)

233,005‌

120,596‌

NortonLifeLock

Inc

11,334‌

281‌

Okta

Inc

(d)

9,667‌

2,395‌

Opendoor

Technologies

Inc

(d),(g)

5,413‌

80‌

Palo

Alto

Networks

Inc

(d)

7,419‌

2,960‌

Pinterest

Inc

(d)

2,870,682‌

169,083‌

Proofpoint

Inc

(d)

4,414‌

771‌

Roku

Inc

(d)

8,969‌

3,841‌

Sea

Ltd

ADR

(d)

72,338‌

19,977‌

Shopify

Inc

(d)

163,379‌

245,057‌

Snap

Inc

Class

A

(d)

2,399,007‌

178,534‌

Spotify

Technology

SA

(d)

315,592‌

72,167‌

Tencent

Holdings

Ltd

ADR

(g)

1,228,426‌

75,180‌

TripAdvisor

Inc

(d)

4,691‌

178‌

Twitter

Inc

(d)

6,374‌

445‌

Uber

Technologies

Inc

(d)

107,593‌

4,676‌

Vimeo

Inc

(d)

472,729‌

21,178‌

Wayfair

Inc

(d)

3,255‌

786‌

Wix.com

Ltd

(d)

4,148‌

1,239‌

Zendesk

Inc

(d)

9,152‌

1,195‌

Zillow

Group

Inc

-

A

Shares

(d)

4,621‌

495‌

Zillow

Group

Inc

-

C

Shares

(d)

12,758‌

1,356‌

$

3,898,231‌

Iron

&

Steel

-

0.00%

Steel

Dynamics

Inc

2,918‌

188‌

Leisure

Products

&

Services

-

0.03%

Brunswick

Corp/DE

774‌

81‌

Peloton

Interactive

Inc

(d)

20,548‌

2,426‌

Planet

Fitness

Inc

(d)

4,458‌

336‌

Polaris

Inc

3,114‌

408‌

Virgin

Galactic

Holdings

Inc

(d),(g)

10,280‌

308‌

YETI

Holdings

Inc

(d)

6,656‌

641‌

$

4,200‌

Lodging

-

0.05%

Boyd

Gaming

Corp

(d)

1,359‌

77‌

Choice

Hotels

International

Inc

2,708‌

325‌

Hilton

Worldwide

Holdings

Inc

(d)

14,288‌

1,878‌

Las

Vegas

Sands

Corp

(d)

25,740‌

1,090‌

Marriott

International

Inc/MD

(d)

21,175‌

3,091‌

Travel

+

Leisure

Co

4,383‌

227‌

Wyndham

Hotels

&

Resorts

Inc

4,501‌

324‌

Wynn

Resorts

Ltd

(d)

8,222‌

809‌

$

7,821‌

Machinery

-

Construction

&

Mining

-

0.06%

BWX

Technologies

Inc

5,565‌

320‌

Caterpillar

Inc

36,799‌

7,608‌

Vertiv

Holdings

Co

21,877‌

613‌

$

8,541‌

Schedule

of

Investments

LargeCap

Growth

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

121

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Machinery

-

Diversified

-

1.46%

AGCO

Corp

475‌

$

63‌

Cognex

Corp

13,304‌

1,203‌

Deere

&

Co

21,963‌

7,942‌

Graco

Inc

8,111‌

633‌

IDEX

Corp

661,847‌

150,034‌

Ingersoll

Rand

Inc

(d)

1,022,310‌

49,960‌

Middleby

Corp/The

(d)

1,289‌

247‌

Nordson

Corp

773‌

175‌

Rockwell

Automation

Inc

5,484‌

1,686‌

Toro

Co/The

7,908‌

899‌

Xylem

Inc/NY

9,181‌

1,155‌

$

213,997‌

Media

-

0.07%

Altice

USA

Inc

(d)

11,645‌

358‌

Cable

One

Inc

224‌

423‌

Charter

Communications

Inc

(d)

9,701‌

7,218‌

FactSet

Research

Systems

Inc

2,542‌

908‌

Nexstar

Media

Group

Inc

219‌

32‌

Walt

Disney

Co/The

(d)

7,213‌

1,270‌

World

Wrestling

Entertainment

Inc

2,992‌

148‌

$

10,357‌

Metal

Fabrication

&

Hardware

-

0.00%

Advanced

Drainage

Systems

Inc

4,376‌

534‌

Mining

-

0.01%

Freeport-McMoRan

Inc

33,383‌

1,272‌

Southern

Copper

Corp

5,973‌

392‌

$

1,664‌

Miscellaneous

Manufacturers

-

0.07%

3M

Co

6,580‌

1,303‌

Axon

Enterprise

Inc

(d)

4,970‌

925‌

Carlisle

Cos

Inc

1,529‌

309‌

Donaldson

Co

Inc

1,169‌

77‌

Illinois

Tool

Works

Inc

21,978‌

4,982‌

Parker-Hannifin

Corp

1,661‌

518‌

Trane

Technologies

PLC

9,047‌

1,842‌

$

9,956‌

Office

&

Business

Equipment

-

0.02%

Zebra

Technologies

Corp

(d)

4,143‌

2,289‌

Oil

&

Gas

-

0.02%

Cabot

Oil

&

Gas

Corp

3,627‌

58‌

Cimarex

Energy

Co

1,563‌

102‌

Continental

Resources

Inc/OK

519‌

18‌

Diamondback

Energy

Inc

6,662‌

514‌

EOG

Resources

Inc

5,405‌

394‌

Hess

Corp

1,467‌

112‌

Occidental

Petroleum

Corp

8,353‌

218‌

Pioneer

Natural

Resources

Co

7,493‌

1,089‌

Texas

Pacific

Land

Corp

457‌

682‌

$

3,187‌

Oil

&

Gas

Services

-

0.00%

Halliburton

Co

3,651‌

76‌

Packaging

&

Containers

-

0.01%

Ball

Corp

7,407‌

599‌

Crown

Holdings

Inc

1,241‌

124‌

Graphic

Packaging

Holding

Co

6,192‌

119‌

Sealed

Air

Corp

6,403‌

363‌

$

1,205‌

Pharmaceuticals

-

4.28%

AbbVie

Inc

137,650‌

16,009‌

Becton

Dickinson

and

Co

152,695‌

39,052‌

Cardinal

Health

Inc

13,362‌

793‌

Cigna

Corp

519,012‌

119,108‌

Dexcom

Inc

(d)

445,151‌

229,479‌

Eli

Lilly

&

Co

52,173‌

12,704‌

Herbalife

Nutrition

Ltd

(d)

1,377‌

70‌

McKesson

Corp

1,788‌

365‌

Neurocrine

Biosciences

Inc

(d)

7,310‌

681‌

Sarepta

Therapeutics

Inc

(d)

5,914‌

401‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Pharmaceuticals

(continued)

Zoetis

Inc

1,024,823‌

$

207,732‌

$

626,394‌

Pipelines

-

0.01%

Cheniere

Energy

Inc

(d)

18,232‌

1,549‌

New

Fortress

Energy

Inc

2,058‌

62‌

$

1,611‌

Private

Equity

-

0.05%

Ares

Management

Corp

9,403‌

673‌

Blackstone

Group

Inc/The

53,039‌

6,114‌

$

6,787‌

Real

Estate

-

0.00%

CBRE

Group

Inc

(d)

1,377‌

133‌

REITs

-

1.59%

American

Tower

Corp

35,163‌

9,944‌

CoreSite

Realty

Corp

2,590‌

358‌

Crown

Castle

International

Corp

33,559‌

6,480‌

Equinix

Inc

4,943‌

4,055‌

Equity

LifeStyle

Properties

Inc

7,139‌

598‌

Extra

Space

Storage

Inc

909‌

158‌

Iron

Mountain

Inc

15,693‌

687‌

Lamar

Advertising

Co

5,858‌

625‌

Public

Storage

8,966‌

2,802‌

SBA

Communications

Corp

600,364‌

204,718‌

Simon

Property

Group

Inc

22,062‌

2,791‌

$

233,216‌

Retail

-

4.80%

AutoZone

Inc

(d)

368‌

597‌

Best

Buy

Co

Inc

4,475‌

503‌

Burlington

Stores

Inc

(d)

4,865‌

1,629‌

CarMax

Inc

(d)

1,087‌

146‌

Carvana

Co

(d)

168,045‌

56,726‌

Chipotle

Mexican

Grill

Inc

(d)

24,042‌

44,800‌

Costco

Wholesale

Corp

361,248‌

155,235‌

Darden

Restaurants

Inc

6,871‌

1,002‌

Dollar

General

Corp

320,270‌

74,508‌

Domino's

Pizza

Inc

2,048‌

1,076‌

Five

Below

Inc

(d)

4,287‌

833‌

Floor

&

Decor

Holdings

Inc

(d)

7,919‌

966‌

Freshpet

Inc

(d)

3,174‌

465‌

GameStop

Corp

(d),(g)

4,602‌

741‌

Home

Depot

Inc/The

83,784‌

27,497‌

L

Brands

Inc

10,587‌

848‌

Lithia

Motors

Inc

204‌

77‌

Lowe's

Cos

Inc

55,916‌

10,774‌

Lululemon

Athletica

Inc

(d)

468,948‌

187,659‌

McDonald's

Corp

10,356‌

2,514‌

Nordstrom

Inc

(d)

7,246‌

240‌

O'Reilly

Automotive

Inc

(d)

1,639‌

990‌

Petco

Health

&

Wellness

Co

Inc

(d),(g)

366‌

8‌

RH

(d)

1,335‌

887‌

Ross

Stores

Inc

853,561‌

104,723‌

Starbucks

Corp

91,803‌

11,148‌

Target

Corp

17,351‌

4,529‌

TJX

Cos

Inc/The

93,946‌

6,464‌

Tractor

Supply

Co

8,949‌

1,619‌

Ulta

Beauty

Inc

(d)

4,188‌

1,406‌

Vroom

Inc

(d)

2,239‌

83‌

Wendy's

Co/The

13,864‌

322‌

Williams-Sonoma

Inc

4,427‌

672‌

Yum

China

Holdings

Inc

2,554‌

159‌

Yum!

Brands

Inc

1,973‌

259‌

$

702,105‌

Savings

&

Loans

-

0.00%

Sterling

Bancorp/DE

1,172‌

25‌

Semiconductors

-

3.41%

Advanced

Micro

Devices

Inc

(d)

471,442‌

50,063‌

Allegro

MicroSystems

Inc

(d)

3,995‌

109‌

Analog

Devices

Inc

4,216‌

706‌

Schedule

of

Investments

LargeCap

Growth

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

122

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Semiconductors

(continued)

Applied

Materials

Inc

71,323‌

$

9,980‌

ASML

Holding

NV

-

NY

Reg

Shares

157,138‌

120,484‌

Broadcom

Inc

31,103‌

15,097‌

Brooks

Automation

Inc

4,692‌

418‌

Entegris

Inc

10,476‌

1,264‌

IPG

Photonics

Corp

(d)

202‌

44‌

KLA

Corp

11,941‌

4,157‌

Lam

Research

Corp

11,098‌

7,074‌

Maxim

Integrated

Products

Inc

19,730‌

1,971‌

Microchip

Technology

Inc

16,357‌

2,341‌

Micron

Technology

Inc

12,045‌

934‌

MKS

Instruments

Inc

3,630‌

568‌

Monolithic

Power

Systems

Inc

3,487‌

1,566‌

NVIDIA

Corp

186,404‌

36,347‌

NXP

Semiconductors

NV

1,057,477‌

218,253‌

ON

Semiconductor

Corp

(d)

17,825‌

696‌

QUALCOMM

Inc

87,889‌

13,166‌

Skyworks

Solutions

Inc

6,058‌

1,118‌

Teradyne

Inc

12,935‌

1,643‌

Texas

Instruments

Inc

44,617‌

8,505‌

Xilinx

Inc

19,146‌

2,869‌

$

499,373‌

Software

-

22.14%

Adobe

Inc

(d)

419,761‌

260,936‌

Alteryx

Inc

(d)

4,573‌

354‌

ANSYS

Inc

(d)

2,821‌

1,039‌

Aspen

Technology

Inc

(d)

5,316‌

778‌

Atlassian

Corp

PLC

(d)

10,280‌

3,342‌

Autodesk

Inc

(d)

757,177‌

243,152‌

Bentley

Systems

Inc

(g)

10,490‌

638‌

Bill.com

Holdings

Inc

(d)

5,837‌

1,207‌

Broadridge

Financial

Solutions

Inc

8,173‌

1,418‌

C3.ai

Inc

(d)

382‌

19‌

Cadence

Design

Systems

Inc

(d)

21,393‌

3,159‌

CDK

Global

Inc

1,469‌

70‌

Citrix

Systems

Inc

3,430‌

346‌

Cloudflare

Inc

(d)

18,445‌

2,188‌

Coupa

Software

Inc

(d)

5,694‌

1,236‌

Datadog

Inc

(d)

17,637‌

1,952‌

DocuSign

Inc

(d)

14,847‌

4,425‌

DoubleVerify

Holdings

Inc

(d),(g)

1,184‌

41‌

Dropbox

Inc

-

A

Shares

(d)

23,716‌

747‌

Duck

Creek

Technologies

Inc

(d)

1,244‌

55‌

Dynatrace

Inc

(d)

13,468‌

860‌

Elastic

NV

(d)

5,314‌

787‌

Electronic

Arts

Inc

1,056,523‌

152,097‌

Everbridge

Inc

(d)

2,892‌

408‌

Fair

Isaac

Corp

(d)

2,172‌

1,138‌

Fidelity

National

Information

Services

Inc

203,464‌

30,326‌

Fiserv

Inc

(d)

3,170‌

365‌

Five9

Inc

(d)

5,204‌

1,048‌

HubSpot

Inc

(d)

3,469‌

2,068‌

Intuit

Inc

880,754‌

466,773‌

Jack

Henry

&

Associates

Inc

1,500‌

261‌

Jamf

Holding

Corp

(d)

3,484‌

114‌

Manhattan

Associates

Inc

(d)

2,625‌

419‌

Medallia

Inc

(d)

4,407‌

149‌

Microsoft

Corp

3,457,283‌

985,015‌

MongoDB

Inc

(d)

99,308‌

35,643‌

MSCI

Inc

4,426‌

2,638‌

nCino

Inc

(d)

3,659‌

233‌

New

Relic

Inc

(d)

4,256‌

294‌

Nuance

Communications

Inc

(d)

8,424‌

462‌

Nutanix

Inc

(d)

14,983‌

540‌

Oracle

Corp

126,405‌

11,015‌

Palantir

Technologies

Inc

(d)

126,441‌

2,745‌

Paychex

Inc

21,861‌

2,488‌

Paycom

Software

Inc

(d)

3,945‌

1,578‌

Pegasystems

Inc

2,989‌

382‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Software

(continued)

Playtika

Holding

Corp

(d)

5,918‌

$

132‌

PTC

Inc

(d)

8,202‌

1,111‌

RingCentral

Inc

(d)

6,240‌

1,668‌

Roper

Technologies

Inc

338,518‌

166,327‌

salesforce.com

Inc

(d)

511,337‌

123,707‌

ServiceNow

Inc

(d)

554,674‌

326,087‌

Skillz

Inc

(d),(g)

22,908‌

323‌

Smartsheet

Inc

(d)

9,322‌

676‌

Snowflake

Inc

-

Class

A

(d)

36,819‌

9,784‌

Splunk

Inc

(d)

373,258‌

52,995‌

Stripe

Inc

-

Class

B

(d),(e),(f)

114,126‌

4,579‌

Synopsys

Inc

(d)

184,078‌

53,013‌

Take-Two

Interactive

Software

Inc

(d)

1,770‌

307‌

Teradata

Corp

(d)

7,233‌

359‌

Twilio

Inc

(d)

3,544‌

1,324‌

Tyler

Technologies

Inc

(d)

2,714‌

1,337‌

UIPATH

Inc

-

Class

A

(d),(f)

532,928‌

33,340‌

Unity

Software

Inc

(d)

11,450‌

1,227‌

Veeva

Systems

Inc

(d)

496,675‌

165,249‌

VMware

Inc

(d),(g)

2,322‌

357‌

Workday

Inc

(d)

78,711‌

18,450‌

Zoom

Video

Communications

Inc

(d)

137,346‌

51,931‌

Zynga

Inc

(d)

36,978‌

373‌

$

3,241,604‌

Telecommunications

-

0.02%

Arista

Networks

Inc

(d)

4,189‌

1,593‌

CommScope

Holding

Co

Inc

(d)

15,611‌

330‌

Corning

Inc

20,018‌

838‌

Switch

Inc

8,913‌

184‌

Ubiquiti

Inc

455‌

143‌

$

3,088‌

Toys,

Games

&

Hobbies

-

0.00%

Mattel

Inc

(d)

27,125‌

589‌

Transportation

-

0.29%

CH

Robinson

Worldwide

Inc

2,023‌

181‌

Expeditors

International

of

Washington

Inc

9,545‌

1,224‌

FedEx

Corp

8,306‌

2,325‌

JB

Hunt

Transport

Services

Inc

5,808‌

978‌

Kansas

City

Southern

1,882‌

504‌

Landstar

System

Inc

2,611‌

410‌

Norfolk

Southern

Corp

59,527‌

15,348‌

Old

Dominion

Freight

Line

Inc

7,327‌

1,972‌

Union

Pacific

Corp

32,709‌

7,156‌

United

Parcel

Service

Inc

56,385‌

10,790‌

XPO

Logistics

Inc

(d)

6,146‌

852‌

$

41,740‌

TOTAL

COMMON

STOCKS

$

14,159,478‌

Total

Investments

$

14,679,138‌

Other

Assets

and

Liabilities

-  (0.27)%

(39,714‌)

TOTAL

NET

ASSETS

-

100.00%

$

14,639,424‌

(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

$66,911

or

0.46%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(d)

Non-income

producing

security

(e)

The

value

of

these

investments

was

determined

using

significant

unobservable

inputs,

in

good

faith

by

the

Manager,

under

procedures

established

and

periodically

reviewed

by

the

Board

of

Directors.

(f)

Restricted

Security.

Please

see

Restricted

Securities

sub-schedule

for

additional

information.

(g)

Security

or

a

portion

of

the

security

was

on

loan.  At

the

end

of

the

period,

the

value

of

these

securities

totaled

$64,204

or

0.44%

of

net

assets.

Schedule

of

Investments

LargeCap

Growth

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

123

Portfolio

Summary  (unaudited)

Sector

Percent

Technology

29.35‌%

Communications

26.78‌%

Consumer,

Non-cyclical

23.57‌%

Consumer,

Cyclical

8.27‌%

Financial

5.86‌%

Industrial

3.19‌%

Money

Market

Funds

1.50‌%

Basic

Materials

1.39‌%

Investment

Companies

0.25‌%

Utilities

0.06‌%

Energy

0.05‌%

Other

Assets

and

Liabilities

(0.27‌)%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

95,143‌

$

2,426,649‌

$

2,327,958‌

$

193,834‌

$

95,143‌

$

2,426,649‌

$

2,327,958‌

$

193,834‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Restricted

Securities

Security

Name

Acquisition

Date

Cost

Value

Percent

of

Net

Assets

Aurora

Innovation  

0.00%

03/01/2019

$

3,02

6‌

$

6,683‌

0.04%

Magic

Leap

Inc

-

Series

C  

0.00%

01/20/2016

3,888‌

103‌

0.00%

Magic

Leap

Inc

-

Series

D  

0.00%

10/12/2017

1,316‌

30‌

0.00%

Nuro

-

Series

C  

0.00%

10/30/2020

4,612‌

4,612‌

0.03%

Rappi

Inc

-

Series

E  

0.00%

09/08/2020

6,177‌

6,660‌

0.05%

Rivian

Automotive

Series

D  

0.00%

12/23/2019

13,040‌

86,211‌

0.59%

Rivian

Automotive

Series

E  

0.00%

07/10/2020

27,484‌

126,030‌

0.86%

Rivian

Automotive

Series

F  

0.00%

01/19/2021

12,918‌

24,900‌

0.17%

Sila

Nano

Series

F  

0.00%

01/07/2021

4,277‌

4,277‌

0.03%

Stripe

Inc

-

Class

B

12/17/2019

1,791‌

4,579‌

0.03%

UIPATH

Inc

-

Class

A

04/21/2021

11,415‌

33,340‌

0.23%

Waymo

LLC

Series

A-2  

0.00%

05/08/2020

4,188‌

4,473‌

0.03%

Total

$

301,898‌

2.06%

Amounts

in

thousands.

Futures

Contracts

Description

and

Expiration

Date

Type

Contracts

Notional

Amount

Value

and

Unrealized

Appreciation/(Depreciation)

S&P

500

Emini;

September

2021

Long

329‌

$

72,207‌

$

1,244‌

Total

$

1,244‌

Amounts

in

thousands

except

contracts.

Schedule

of

Investments

LargeCap

S&P

500

Index

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

124

INVESTMENT

COMPANIES

-

3

.47

%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0

.34

%

iShares

Core

S&P

500

ETF

47,300‌

$

20,831‌

Money

Market

Funds

-

3

.13

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(a),(b)

817,698‌

818‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(c),(d)

190,525,800‌

190,526‌

$

191,344‌

TOTAL

INVESTMENT

COMPANIES

$

212,175‌

COMMON

STOCKS

-

96

.20

%

Shares

Held

Value

(000's)

Advertising

-

0

.08

%

Interpublic

Group

of

Cos

Inc/The

62,151‌

$

2,198‌

Omnicom

Group

Inc

33,981‌

2,474‌

$

4,672‌

Aerospace

&

Defense

-

1

.45

%

Boeing

Co/The

(d)

86,853‌

19,670‌

General

Dynamics

Corp

36,166‌

7,090‌

Howmet

Aerospace

Inc

61,759‌

2,027‌

L3Harris

Technologies

Inc

32,387‌

7,343‌

Lockheed

Martin

Corp

38,643‌

14,362‌

Northrop

Grumman

Corp

23,651‌

8,586‌

Raytheon

Technologies

Corp

239,378‌

20,814‌

Teledyne

Technologies

Inc

(d)

7,337‌

3,322‌

TransDigm

Group

Inc

(d)

8,672‌

5,560‌

$

88,774‌

Agriculture

-

0

.72

%

Altria

Group

Inc

292,393‌

14,046‌

Archer-Daniels-Midland

Co

88,272‌

5,272‌

Philip

Morris

International

Inc

246,240‌

24,646‌

$

43,964‌

Airlines

-

0

.23

%

Alaska

Air

Group

Inc

(d)

19,667‌

1,141‌

American

Airlines

Group

Inc

(d)

101,335‌

2,065‌

Delta

Air

Lines

Inc

(d)

101,060‌

4,032‌

Southwest

Airlines

Co

(d)

93,434‌

4,720‌

United

Airlines

Holdings

Inc

(d)

51,123‌

2,389‌

$

14,347‌

Apparel

-

0

.72

%

Hanesbrands

Inc

55,158‌

1,007‌

NIKE

Inc

201,436‌

33,743‌

PVH

Corp

(d)

11,259‌

1,178‌

Ralph

Lauren

Corp

7,623‌

865‌

Tapestry

Inc

(d)

44,058‌

1,864‌

Under

Armour

Inc

-

Class

A

(d)

29,801‌

609‌

Under

Armour

Inc

-

Class

C

(d)

31,044‌

544‌

VF

Corp

50,805‌

4,075‌

$

43,885‌

Automobile

Manufacturers

-

1

.86

%

Cummins

Inc

23,100‌

5,362‌

Ford

Motor

Co

(d)

619,466‌

8,642‌

General

Motors

Co

(d)

201,694‌

11,464‌

PACCAR

Inc

54,848‌

4,552‌

Tesla

Inc

(d)

121,760‌

83,673‌

$

113,693‌

Automobile

Parts

&

Equipment

-

0

.15

%

Aptiv

PLC

(d)

42,731‌

7,130‌

BorgWarner

Inc

37,894‌

1,856‌

$

8,986‌

Banks

-

4

.84

%

Bank

of

America

Corp

1,191,443‌

45,704‌

Bank

of

New

York

Mellon

Corp/The

127,469‌

6,543‌

Citigroup

Inc

326,584‌

22,084‌

Citizens

Financial

Group

Inc

67,294‌

2,837‌

Comerica

Inc

22,058‌

1,514‌

Fifth

Third

Bancorp

111,225‌

4,036‌

First

Republic

Bank/CA

27,805‌

5,422‌

Goldman

Sachs

Group

Inc/The

53,753‌

20,151‌

Huntington

Bancshares

Inc/OH

233,119‌

3,282‌

JPMorgan

Chase

&

Co

478,272‌

72,592‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Banks

(continued)

KeyCorp

153,337‌

$

3,015‌

M&T

Bank

Corp

20,326‌

2,721‌

Morgan

Stanley

235,172‌

22,572‌

Northern

Trust

Corp

32,885‌

3,711‌

PNC

Financial

Services

Group

Inc/The

67,125‌

12,244‌

Regions

Financial

Corp

151,878‌

2,924‌

State

Street

Corp

54,947‌

4,788‌

SVB

Financial

Group

(d)

8,581‌

4,719‌

Truist

Financial

Corp

212,480‌

11,565‌

US

Bancorp

214,180‌

11,896‌

Wells

Fargo

&

Co

653,083‌

30,003‌

Zions

Bancorp

NA

25,883‌

1,350‌

$

295,673‌

Beverages

-

1

.38

%

Brown-Forman

Corp

-

B

Shares

28,858‌

2,046‌

Coca-Cola

Co/The

613,102‌

34,965‌

Constellation

Brands

Inc

26,701‌

5,990‌

Molson

Coors

Beverage

Co

29,759‌

1,455‌

Monster

Beverage

Corp

(d)

58,457‌

5,514‌

PepsiCo

Inc

218,290‌

34,261‌

$

84,231‌

Biotechnology

-

1

.62

%

Amgen

Inc

90,778‌

21,927‌

Biogen

Inc

(d)

23,787‌

7,772‌

Bio-Rad

Laboratories

Inc

(d)

3,405‌

2,518‌

Corteva

Inc

116,460‌

4,982‌

Gilead

Sciences

Inc

198,155‌

13,532‌

Illumina

Inc

(d)

23,067‌

11,436‌

Incyte

Corp

(d)

29,534‌

2,284‌

Moderna

Inc

(d)

48,129‌

17,018‌

Regeneron

Pharmaceuticals

Inc

(d)

16,542‌

9,505‌

Vertex

Pharmaceuticals

Inc

(d)

40,900‌

8,245‌

$

99,219‌

Building

Materials

-

0

.44

%

Carrier

Global

Corp

129,059‌

7,130‌

Fortune

Brands

Home

&

Security

Inc

21,873‌

2,132‌

Johnson

Controls

International

plc

113,239‌

8,087‌

Martin

Marietta

Materials

Inc

9,853‌

3,580‌

Masco

Corp

40,098‌

2,394‌

Vulcan

Materials

Co

20,960‌

3,773‌

$

27,096‌

Chemicals

-

1

.63

%

Air

Products

and

Chemicals

Inc

34,966‌

10,176‌

Albemarle

Corp

18,441‌

3,800‌

Celanese

Corp

17,796‌

2,772‌

CF

Industries

Holdings

Inc

33,892‌

1,602‌

Dow

Inc

118,020‌

7,336‌

DuPont

de

Nemours

Inc

84,077‌

6,310‌

Eastman

Chemical

Co

21,568‌

2,431‌

Ecolab

Inc

39,303‌

8,679‌

FMC

Corp

20,362‌

2,178‌

International

Flavors

&

Fragrances

Inc

39,328‌

5,924‌

Linde

PLC

82,191‌

25,265‌

LyondellBasell

Industries

NV

40,676‌

4,040‌

Mosaic

Co/The

54,603‌

1,705‌

PPG

Industries

Inc

37,459‌

6,125‌

Sherwin-Williams

Co/The

37,817‌

11,006‌

$

99,349‌

Commercial

Services

-

2

.33

%

Automatic

Data

Processing

Inc

67,230‌

14,094‌

Cintas

Corp

13,942‌

5,496‌

Equifax

Inc

19,228‌

5,011‌

FleetCor

Technologies

Inc

(d)

13,168‌

3,400‌

Gartner

Inc

(d)

13,600‌

3,600‌

Global

Payments

Inc

46,642‌

9,021‌

IHS

Markit

Ltd

59,187‌

6,915‌

MarketAxess

Holdings

Inc

6,001‌

2,852‌

Moody's

Corp

25,435‌

9,564‌

Nielsen

Holdings

PLC

56,640‌

1,342‌

Schedule

of

Investments

LargeCap

S&P

500

Index

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

125

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Commercial

Services

(continued)

PayPal

Holdings

Inc

(d)

185,600‌

$

51,138‌

Quanta

Services

Inc

22,015‌

2,001‌

Robert

Half

International

Inc

17,819‌

1,750‌

Rollins

Inc

34,988‌

1,341‌

S&P

Global

Inc

38,060‌

16,317‌

United

Rentals

Inc

(d)

11,435‌

3,768‌

Verisk

Analytics

Inc

25,610‌

4,864‌

$

142,474‌

Computers

-

7

.30

%

Accenture

PLC

-

Class

A

100,428‌

31,904‌

Apple

Inc

2,478,372‌

361,495‌

Cognizant

Technology

Solutions

Corp

83,330‌

6,127‌

DXC

Technology

Co

(d)

40,258‌

1,610‌

Fortinet

Inc

(d)

21,416‌

5,830‌

Hewlett

Packard

Enterprise

Co

206,329‌

2,992‌

HP

Inc

189,794‌

5,479‌

International

Business

Machines

Corp

141,172‌

19,900‌

Leidos

Holdings

Inc

21,004‌

2,235‌

NetApp

Inc

35,169‌

2,799‌

Seagate

Technology

Holdings

PLC

31,460‌

2,765‌

Western

Digital

Corp

(d)

48,417‌

3,144‌

$

446,280‌

Consumer

Products

-

0

.28

%

Avery

Dennison

Corp

13,114‌

2,763‌

Church

&

Dwight

Co

Inc

38,747‌

3,355‌

Clorox

Co/The

19,651‌

3,554‌

Kimberly-Clark

Corp

53,315‌

7,236‌

$

16,908‌

Cosmetics

&

Personal

Care

-

1

.27

%

Colgate-Palmolive

Co

133,660‌

10,626‌

Estee

Lauder

Cos

Inc/The

36,638‌

12,231‌

Procter

&

Gamble

Co/The

386,810‌

55,016‌

$

77,873‌

Distribution

&

Wholesale

-

0

.30

%

Copart

Inc

(d)

32,892‌

4,835‌

Fastenal

Co

90,742‌

4,970‌

LKQ

Corp

(d)

43,922‌

2,229‌

Pool

Corp

6,341‌

3,030‌

WW

Grainger

Inc

6,916‌

3,075‌

$

18,139‌

Diversified

Financial

Services

-

3

.94

%

American

Express

Co

102,805‌

17,531‌

Ameriprise

Financial

Inc

18,313‌

4,717‌

BlackRock

Inc

22,411‌

19,434‌

Capital

One

Financial

Corp

71,334‌

11,535‌

Cboe

Global

Markets

Inc

16,856‌

1,997‌

Charles

Schwab

Corp/The

236,969‌

16,102‌

CME

Group

Inc

56,735‌

12,035‌

Discover

Financial

Services

48,172‌

5,989‌

Franklin

Resources

Inc

43,029‌

1,271‌

Intercontinental

Exchange

Inc

88,914‌

10,655‌

Invesco

Ltd

59,783‌

1,457‌

Mastercard

Inc

138,213‌

53,342‌

Nasdaq

Inc

18,149‌

3,389‌

Raymond

James

Financial

Inc

19,324‌

2,502‌

Synchrony

Financial

85,459‌

4,018‌

T

Rowe

Price

Group

Inc

35,843‌

7,318‌

Visa

Inc

267,298‌

65,860‌

Western

Union

Co/The

64,661‌

1,501‌

$

240,653‌

Electric

-

2

.25

%

AES

Corp/The

105,267‌

2,495‌

Alliant

Energy

Corp

39,520‌

2,313‌

Ameren

Corp

40,376‌

3,388‌

American

Electric

Power

Co

Inc

78,957‌

6,958‌

CenterPoint

Energy

Inc

91,715‌

2,335‌

CMS

Energy

Corp

45,733‌

2,826‌

Consolidated

Edison

Inc

54,162‌

3,996‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Electric

(continued)

Dominion

Energy

Inc

127,426‌

$

9,540‌

DTE

Energy

Co

30,607‌

3,591‌

Duke

Energy

Corp

121,532‌

12,774‌

Edison

International

59,949‌

3,267‌

Entergy

Corp

31,703‌

3,263‌

Evergy

Inc

36,223‌

2,362‌

Eversource

Energy

54,265‌

4,681‌

Exelon

Corp

154,388‌

7,225‌

FirstEnergy

Corp

85,933‌

3,293‌

NextEra

Energy

Inc

309,898‌

24,141‌

NRG

Energy

Inc

38,669‌

1,595‌

Pinnacle

West

Capital

Corp

17,814‌

1,488‌

PPL

Corp

121,565‌

3,449‌

Public

Service

Enterprise

Group

Inc

79,802‌

4,966‌

Sempra

Energy

49,779‌

6,504‌

Southern

Co/The

167,258‌

10,683‌

WEC

Energy

Group

Inc

49,837‌

4,692‌

Xcel

Energy

Inc

85,033‌

5,804‌

$

137,629‌

Electrical

Components

&

Equipment

-

0

.31

%

AMETEK

Inc

36,484‌

5,073‌

Emerson

Electric

Co

94,749‌

9,559‌

Generac

Holdings

Inc

(d)

9,946‌

4,171‌

$

18,803‌

Electronics

-

1

.22

%

Agilent

Technologies

Inc

47,943‌

7,346‌

Allegion

plc

14,217‌

1,942‌

Amphenol

Corp

94,422‌

6,845‌

Fortive

Corp

53,485‌

3,886‌

Garmin

Ltd

23,679‌

3,723‌

Honeywell

International

Inc

109,736‌

25,655‌

Keysight

Technologies

Inc

(d)

29,107‌

4,790‌

Mettler-Toledo

International

Inc

(d)

3,677‌

5,419‌

TE

Connectivity

Ltd

52,175‌

7,694‌

Trimble

Inc

(d)

39,651‌

3,390‌

Waters

Corp

(d)

9,749‌

3,800‌

$

74,490‌

Energy

-

Alternate

Sources

-

0

.07

%

Enphase

Energy

Inc

(d)

21,439‌

4,065‌

Engineering

&

Construction

-

0

.04

%

Jacobs

Engineering

Group

Inc

20,573‌

2,782‌

Entertainment

-

0

.10

%

Caesars

Entertainment

Inc

(d)

32,973‌

2,880‌

Live

Nation

Entertainment

Inc

(d)

22,825‌

1,801‌

Penn

National

Gaming

Inc

(d)

23,468‌

1,605‌

$

6,286‌

Environmental

Control

-

0

.24

%

Pentair

PLC

26,259‌

1,935‌

Republic

Services

Inc

33,267‌

3,937‌

Waste

Management

Inc

61,360‌

9,097‌

$

14,969‌

Food

-

0

.94

%

Campbell

Soup

Co

32,075‌

1,402‌

Conagra

Brands

Inc

75,831‌

2,540‌

General

Mills

Inc

96,374‌

5,673‌

Hershey

Co/The

23,127‌

4,137‌

Hormel

Foods

Corp

44,535‌

2,066‌

J

M

Smucker

Co/The

17,314‌

2,270‌

Kellogg

Co

39,811‌

2,522‌

Kraft

Heinz

Co/The

102,422‌

3,940‌

Kroger

Co/The

119,620‌

4,869‌

Lamb

Weston

Holdings

Inc

23,111‌

1,543‌

McCormick

&

Co

Inc/MD

39,341‌

3,311‌

Mondelez

International

Inc

221,939‌

14,040‌

Sysco

Corp

80,827‌

5,997‌

Tyson

Foods

Inc

46,572‌

3,328‌

$

57,638‌

Schedule

of

Investments

LargeCap

S&P

500

Index

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

126

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Forest

Products

&

Paper

-

0

.06

%

International

Paper

Co

61,894‌

$

3,575‌

Gas

-

0

.06

%

Atmos

Energy

Corp

20,645‌

2,035‌

NiSource

Inc

61,968‌

1,535‌

$

3,570‌

Hand

&

Machine

Tools

-

0

.11

%

Snap-on

Inc

8,545‌

1,862‌

Stanley

Black

&

Decker

Inc

25,515‌

5,028‌

$

6,890‌

Healthcare

-

Products

-

3

.94

%

Abbott

Laboratories

280,728‌

33,963‌

ABIOMED

Inc

(d)

7,156‌

2,341‌

Align

Technology

Inc

(d)

11,377‌

7,916‌

Baxter

International

Inc

79,450‌

6,145‌

Boston

Scientific

Corp

(d)

224,496‌

10,237‌

Cooper

Cos

Inc/The

7,780‌

3,281‌

Danaher

Corp

100,298‌

29,838‌

DENTSPLY

SIRONA

Inc

34,495‌

2,278‌

Edwards

Lifesciences

Corp

(d)

98,217‌

11,027‌

Henry

Schein

Inc

(d)

22,230‌

1,782‌

Hologic

Inc

(d)

40,485‌

3,038‌

IDEXX

Laboratories

Inc

(d)

13,474‌

9,143‌

Intuitive

Surgical

Inc

(d)

18,708‌

18,548‌

Medtronic

PLC

212,568‌

27,912‌

PerkinElmer

Inc

17,709‌

3,227‌

ResMed

Inc

22,991‌

6,249‌

STERIS

PLC

15,426‌

3,362‌

Stryker

Corp

51,786‌

14,031‌

Teleflex

Inc

7,383‌

2,934‌

Thermo

Fisher

Scientific

Inc

62,097‌

33,533‌

West

Pharmaceutical

Services

Inc

11,664‌

4,802‌

Zimmer

Biomet

Holdings

Inc

32,939‌

5,383‌

$

240,970‌

Healthcare

-

Services

-

2

.07

%

Anthem

Inc

38,683‌

14,855‌

Catalent

Inc

(d)

26,913‌

3,224‌

Centene

Corp

(d)

92,069‌

6,317‌

Charles

River

Laboratories

International

Inc

(d)

7,939‌

3,230‌

DaVita

Inc

(d)

11,075‌

1,332‌

HCA

Healthcare

Inc

41,523‌

10,306‌

Humana

Inc

20,383‌

8,680‌

IQVIA

Holdings

Inc

(d)

30,281‌

7,501‌

Laboratory

Corp

of

America

Holdings

(d)

15,426‌

4,568‌

Quest

Diagnostics

Inc

20,641‌

2,927‌

UnitedHealth

Group

Inc

149,102‌

61,463‌

Universal

Health

Services

Inc

12,319‌

1,976‌

$

126,379‌

Home

Builders

-

0

.24

%

DR

Horton

Inc

51,830‌

4,946‌

Lennar

Corp

-

A

Shares

43,568‌

4,581‌

NVR

Inc

(d)

541‌

2,826‌

PulteGroup

Inc

41,787‌

2,293‌

$

14,646‌

Home

Furnishings

-

0

.05

%

Leggett

&

Platt

Inc

21,050‌

1,011‌

Whirlpool

Corp

9,895‌

2,192‌

$

3,203‌

Housewares

-

0

.02

%

Newell

Brands

Inc

59,803‌

1,480‌

Insurance

-

3

.12

%

Aflac

Inc

99,869‌

5,493‌

Allstate

Corp/The

47,296‌

6,151‌

American

International

Group

Inc

135,583‌

6,420‌

Aon

PLC

35,651‌

9,270‌

Arthur

J

Gallagher

&

Co

32,371‌

4,510‌

Assurant

Inc

9,569‌

1,510‌

Berkshire

Hathaway

Inc

-

Class

B

(d)

299,457‌

83,336‌

Chubb

Ltd

71,048‌

11,989‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Insurance

(continued)

Cincinnati

Financial

Corp

23,670‌

$

2,790‌

Everest

Re

Group

Ltd

6,333‌

1,601‌

Globe

Life

Inc

14,980‌

1,395‌

Hartford

Financial

Services

Group

Inc/The

56,434‌

3,590‌

Lincoln

National

Corp

28,275‌

1,742‌

Loews

Corp

35,345‌

1,896‌

Marsh

&

McLennan

Cos

Inc

80,345‌

11,828‌

MetLife

Inc

117,566‌

6,784‌

Principal

Financial

Group

Inc

39,970‌

2,483‌

Progressive

Corp/The

92,451‌

8,798‌

Prudential

Financial

Inc

62,251‌

6,243‌

Travelers

Cos

Inc/The

39,736‌

5,917‌

Unum

Group

32,269‌

884‌

W

R

Berkley

Corp

22,139‌

1,620‌

Willis

Towers

Watson

PLC

20,377‌

4,199‌

$

190,449‌

Internet

-

11

.37

%

Alphabet

Inc

-

A

Shares

(d)

47,516‌

128,033‌

Alphabet

Inc

-

C

Shares

(d)

44,990‌

121,672‌

Amazon.com

Inc

(d)

67,728‌

225,371‌

Booking

Holdings

Inc

(d)

6,486‌

14,128‌

CDW

Corp/DE

22,152‌

4,062‌

eBay

Inc

102,254‌

6,975‌

Etsy

Inc

(d)

20,081‌

3,685‌

Expedia

Group

Inc

(d)

22,347‌

3,595‌

F5

Networks

Inc

(d)

9,419‌

1,945‌

Facebook

Inc

(d)

378,565‌

134,883‌

Netflix

Inc

(d)

70,055‌

36,258‌

NortonLifeLock

Inc

91,630‌

2,274‌

Twitter

Inc

(d)

126,099‌

8,796‌

VeriSign

Inc

(d)

15,659‌

3,388‌

$

695,065‌

Iron

&

Steel

-

0

.08

%

Nucor

Corp

47,278‌

4,918‌

Leisure

Products

&

Services

-

0

.11

%

Carnival

Corp

(d)

126,127‌

2,731‌

Norwegian

Cruise

Line

Holdings

Ltd

(d)

58,447‌

1,404‌

Royal

Caribbean

Cruises

Ltd

(d)

34,589‌

2,659‌

$

6,794‌

Lodging

-

0

.30

%

Hilton

Worldwide

Holdings

Inc

(d)

44,006‌

5,784‌

Las

Vegas

Sands

Corp

(d)

51,902‌

2,198‌

Marriott

International

Inc/MD

(d)

42,188‌

6,159‌

MGM

Resorts

International

64,328‌

2,414‌

Wynn

Resorts

Ltd

(d)

16,628‌

1,635‌

$

18,190‌

Machinery

-

Construction

&

Mining

-

0

.29

%

Caterpillar

Inc

86,547‌

17,894‌

Machinery

-

Diversified

-

0

.73

%

Deere

&

Co

49,286‌

17,821‌

Dover

Corp

22,739‌

3,800‌

IDEX

Corp

11,996‌

2,719‌

Ingersoll

Rand

Inc

(d)

58,981‌

2,883‌

Otis

Worldwide

Corp

63,736‌

5,708‌

Rockwell

Automation

Inc

18,339‌

5,638‌

Westinghouse

Air

Brake

Technologies

Corp

28,069‌

2,382‌

Xylem

Inc/NY

28,448‌

3,580‌

$

44,531‌

Media

-

1

.99

%

Charter

Communications

Inc

(d)

21,761‌

16,191‌

Comcast

Corp

-

Class

A

724,382‌

42,616‌

Discovery

Inc

-

A

Shares

(d),(e)

26,646‌

773‌

Discovery

Inc

-

C

Shares

(d)

47,466‌

1,287‌

DISH

Network

Corp

(d)

39,255‌

1,645‌

Fox

Corp

-

A

Shares

51,656‌

1,842‌

Fox

Corp

-

B

Shares

24,011‌

798‌

News

Corp

-

A

Shares

61,804‌

1,522‌

News

Corp

-

B

Shares

19,239‌

452‌

Schedule

of

Investments

LargeCap

S&P

500

Index

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

127

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Media

(continued)

ViacomCBS

Inc

-

Class

B

95,679‌

$

3,916‌

Walt

Disney

Co/The

(d)

287,065‌

50,529‌

$

121,571‌

Mining

-

0

.27

%

Freeport-McMoRan

Inc

231,545‌

8,822‌

Newmont

Corp

126,579‌

7,952‌

$

16,774‌

Miscellaneous

Manufacturers

-

1

.22

%

3M

Co

91,585‌

18,128‌

A

O

Smith

Corp

21,246‌

1,494‌

Eaton

Corp

PLC

62,960‌

9,951‌

General

Electric

Co

1,386,982‌

17,962‌

Illinois

Tool

Works

Inc

45,417‌

10,295‌

Parker-Hannifin

Corp

20,390‌

6,362‌

Textron

Inc

35,662‌

2,461‌

Trane

Technologies

PLC

37,784‌

7,693‌

$

74,346‌

Office

&

Business

Equipment

-

0

.08

%

Zebra

Technologies

Corp

(d)

8,454‌

4,671‌

Oil

&

Gas

-

2

.02

%

APA

Corp

59,717‌

1,120‌

Cabot

Oil

&

Gas

Corp

63,144‌

1,010‌

Chevron

Corp

305,365‌

31,089‌

ConocoPhillips

213,203‌

11,952‌

Devon

Energy

Corp

94,113‌

2,432‌

Diamondback

Energy

Inc

28,596‌

2,206‌

EOG

Resources

Inc

92,206‌

6,718‌

Exxon

Mobil

Corp

668,878‌

38,507‌

Hess

Corp

43,368‌

3,315‌

Marathon

Oil

Corp

124,512‌

1,443‌

Marathon

Petroleum

Corp

103,116‌

5,694‌

Occidental

Petroleum

Corp

132,727‌

3,464‌

Phillips

66

69,180‌

5,080‌

Pioneer

Natural

Resources

Co

36,616‌

5,323‌

Valero

Energy

Corp

64,581‌

4,325‌

$

123,678‌

Oil

&

Gas

Services

-

0

.21

%

Baker

Hughes

Co

114,929‌

2,441‌

Halliburton

Co

140,571‌

2,907‌

NOV

Inc

(d)

61,719‌

852‌

Schlumberger

NV

220,929‌

6,370‌

$

12,570‌

Packaging

&

Containers

-

0

.21

%

Amcor

PLC

243,597‌

2,816‌

Ball

Corp

51,862‌

4,194‌

Packaging

Corp

of

America

15,008‌

2,124‌

Sealed

Air

Corp

24,015‌

1,363‌

Westrock

Co

42,044‌

2,069‌

$

12,566‌

Pharmaceuticals

-

5

.03

%

AbbVie

Inc

279,053‌

32,454‌

AmerisourceBergen

Corp

23,366‌

2,855‌

Becton

Dickinson

and

Co

45,947‌

11,751‌

Bristol-Myers

Squibb

Co

352,951‌

23,955‌

Cardinal

Health

Inc

45,843‌

2,722‌

Cigna

Corp

54,216‌

12,442‌

CVS

Health

Corp

208,010‌

17,132‌

Dexcom

Inc

(d)

15,279‌

7,876‌

Eli

Lilly

&

Co

125,762‌

30,623‌

Johnson

&

Johnson

416,063‌

71,646‌

McKesson

Corp

24,993‌

5,094‌

Merck

&

Co

Inc

400,052‌

30,752‌

Organon

&

Co

39,977‌

1,160‌

Perrigo

Co

PLC

21,100‌

1,013‌

Pfizer

Inc

884,407‌

37,861‌

Viatris

Inc

190,961‌

2,687‌

Zoetis

Inc

75,010‌

15,205‌

$

307,228‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Pipelines

-

0

.23

%

Kinder

Morgan

Inc

307,701‌

$

5,348‌

ONEOK

Inc

70,392‌

3,658‌

Williams

Cos

Inc/The

191,926‌

4,808‌

$

13,814‌

Real

Estate

-

0

.08

%

CBRE

Group

Inc

(d)

53,032‌

5,115‌

REITs

-

2

.44

%

Alexandria

Real

Estate

Equities

Inc

21,673‌

4,364‌

American

Tower

Corp

71,839‌

20,316‌

AvalonBay

Communities

Inc

22,056‌

5,025‌

Boston

Properties

Inc

22,439‌

2,634‌

Crown

Castle

International

Corp

68,283‌

13,185‌

Digital

Realty

Trust

Inc

44,489‌

6,858‌

Duke

Realty

Corp

59,245‌

3,014‌

Equinix

Inc

14,153‌

11,611‌

Equity

Residential

54,363‌

4,574‌

Essex

Property

Trust

Inc

10,269‌

3,369‌

Extra

Space

Storage

Inc

21,128‌

3,679‌

Federal

Realty

Investment

Trust

11,179‌

1,314‌

Healthpeak

Properties

Inc

85,148‌

3,148‌

Host

Hotels

&

Resorts

Inc

(d)

111,557‌

1,777‌

Iron

Mountain

Inc

45,618‌

1,996‌

Kimco

Realty

Corp

68,484‌

1,461‌

Mid-America

Apartment

Communities

Inc

18,088‌

3,493‌

Prologis

Inc

116,880‌

14,965‌

Public

Storage

24,051‌

7,515‌

Realty

Income

Corp

59,021‌

4,149‌

Regency

Centers

Corp

24,958‌

1,632‌

SBA

Communications

Corp

17,275‌

5,891‌

Simon

Property

Group

Inc

51,906‌

6,567‌

UDR

Inc

46,898‌

2,579‌

Ventas

Inc

59,270‌

3,543‌

Vornado

Realty

Trust

24,805‌

1,079‌

Welltower

Inc

65,966‌

5,730‌

Weyerhaeuser

Co

118,372‌

3,993‌

$

149,461‌

Retail

-

4

.95

%

Advance

Auto

Parts

Inc

10,339‌

2,193‌

AutoZone

Inc

(d)

3,416‌

5,546‌

Best

Buy

Co

Inc

35,221‌

3,957‌

CarMax

Inc

(d)

25,777‌

3,453‌

Chipotle

Mexican

Grill

Inc

(d)

4,447‌

8,287‌

Costco

Wholesale

Corp

69,844‌

30,013‌

Darden

Restaurants

Inc

20,672‌

3,016‌

Dollar

General

Corp

37,320‌

8,682‌

Dollar

Tree

Inc

(d)

36,649‌

3,657‌

Domino's

Pizza

Inc

6,134‌

3,223‌

Gap

Inc/The

32,812‌

957‌

Genuine

Parts

Co

22,825‌

2,897‌

Home

Depot

Inc/The

167,991‌

55,133‌

L

Brands

Inc

41,826‌

3,349‌

Lowe's

Cos

Inc

111,686‌

21,521‌

McDonald's

Corp

117,891‌

28,613‌

O'Reilly

Automotive

Inc

(d)

11,023‌

6,656‌

Ross

Stores

Inc

56,342‌

6,913‌

Starbucks

Corp

186,165‌

22,606‌

Target

Corp

78,164‌

20,405‌

TJX

Cos

Inc/The

190,541‌

13,111‌

Tractor

Supply

Co

18,210‌

3,295‌

Ulta

Beauty

Inc

(d)

8,652‌

2,905‌

Walgreens

Boots

Alliance

Inc

113,352‌

5,345‌

Walmart

Inc

216,937‌

30,924‌

Yum!

Brands

Inc

47,068‌

6,184‌

$

302,841‌

Savings

&

Loans

-

0

.02

%

People's

United

Financial

Inc

67,563‌

1,061‌

Schedule

of

Investments

LargeCap

S&P

500

Index

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

128

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Semiconductors

-

5

.32

%

Advanced

Micro

Devices

Inc

(d)

191,967‌

$

20,385‌

Analog

Devices

Inc

58,272‌

9,756‌

Applied

Materials

Inc

144,985‌

20,288‌

Broadcom

Inc

64,509‌

31,313‌

Intel

Corp

637,986‌

34,273‌

IPG

Photonics

Corp

(d)

5,671‌

1,237‌

KLA

Corp

24,218‌

8,432‌

Lam

Research

Corp

22,534‌

14,363‌

Maxim

Integrated

Products

Inc

42,400‌

4,236‌

Microchip

Technology

Inc

43,216‌

6,185‌

Micron

Technology

Inc

177,177‌

13,745‌

Monolithic

Power

Systems

Inc

6,795‌

3,053‌

NVIDIA

Corp

393,720‌

76,771‌

NXP

Semiconductors

NV

43,568‌

8,992‌

Qorvo

Inc

(d)

17,789‌

3,373‌

QUALCOMM

Inc

178,220‌

26,697‌

Skyworks

Solutions

Inc

26,083‌

4,813‌

Teradyne

Inc

26,270‌

3,336‌

Texas

Instruments

Inc

145,912‌

27,814‌

Xilinx

Inc

38,841‌

5,820‌

$

324,882‌

Shipbuilding

-

0

.02

%

Huntington

Ingalls

Industries

Inc

6,356‌

1,304‌

Software

-

9

.96

%

Activision

Blizzard

Inc

122,764‌

10,266‌

Adobe

Inc

(d)

75,522‌

46,947‌

Akamai

Technologies

Inc

(d)

25,751‌

3,088‌

ANSYS

Inc

(d)

13,769‌

5,073‌

Autodesk

Inc

(d)

34,760‌

11,163‌

Broadridge

Financial

Solutions

Inc

18,347‌

3,183‌

Cadence

Design

Systems

Inc

(d)

43,965‌

6,491‌

Cerner

Corp

47,608‌

3,827‌

Citrix

Systems

Inc

19,617‌

1,976‌

Electronic

Arts

Inc

45,217‌

6,509‌

Fidelity

National

Information

Services

Inc

97,976‌

14,603‌

Fiserv

Inc

(d)

94,100‌

10,832‌

Intuit

Inc

43,174‌

22,881‌

Jack

Henry

&

Associates

Inc

11,737‌

2,043‌

Microsoft

Corp

1,189,952‌

339,029‌

MSCI

Inc

13,023‌

7,761‌

Oracle

Corp

287,019‌

25,011‌

Paychex

Inc

50,672‌

5,768‌

Paycom

Software

Inc

(d)

7,761‌

3,104‌

PTC

Inc

(d)

16,616‌

2,251‌

Roper

Technologies

Inc

16,627‌

8,170‌

salesforce.com

Inc

(d)

152,535‌

36,903‌

ServiceNow

Inc

(d)

31,195‌

18,339‌

Synopsys

Inc

(d)

24,102‌

6,941‌

Take-Two

Interactive

Software

Inc

(d)

18,273‌

3,169‌

Tyler

Technologies

Inc

(d)

6,436‌

3,171‌

$

608,499‌

Telecommunications

-

2

.23

%

Arista

Networks

Inc

(d)

8,682‌

3,303‌

AT&T

Inc

1,128,084‌

31,643‌

Cisco

Systems

Inc/Delaware

665,825‌

36,867‌

Corning

Inc

122,404‌

5,124‌

Juniper

Networks

Inc

51,764‌

1,457‌

Lumen

Technologies

Inc

157,170‌

1,960‌

Motorola

Solutions

Inc

26,806‌

6,002‌

T-Mobile

US

Inc

(d)

92,588‌

13,334‌

Verizon

Communications

Inc

654,110‌

36,486‌

$

136,176‌

Textiles

-

0

.03

%

Mohawk

Industries

Inc

(d)

9,252‌

1,803‌

Toys,

Games

&

Hobbies

-

0

.03

%

Hasbro

Inc

20,213‌

2,010‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Transportation

-

1

.52

%

CH

Robinson

Worldwide

Inc

21,012‌

$

1,874‌

CSX

Corp

359,001‌

11,603‌

Expeditors

International

of

Washington

Inc

26,684‌

3,422‌

FedEx

Corp

38,568‌

10,797‌

JB

Hunt

Transport

Services

Inc

13,189‌

2,222‌

Kansas

City

Southern

14,367‌

3,847‌

Norfolk

Southern

Corp

39,537‌

10,194‌

Old

Dominion

Freight

Line

Inc

15,024‌

4,044‌

Union

Pacific

Corp

104,958‌

22,960‌

United

Parcel

Service

Inc

114,280‌

21,869‌

$

92,832‌

Water

-

0

.08

%

American

Water

Works

Co

Inc

28,671‌

4,877‌

TOTAL

COMMON

STOCKS

$

5,879,511‌

Total

Investments

$

6,091,686‌

Other

Assets

and

Liabilities

-  0.33%

19,893‌

TOTAL

NET

ASSETS

-

100.00%

$

6,111,579‌

(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

$818

or

0.01%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

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,

the

value

of

these

securities

totaled

$765

or

0.01%

of

net

assets.

Portfolio

Summary  (unaudited)

Sector

Percent

Technology

22

.66‌

%

Consumer,

Non-cyclical

19

.58‌

%

Communications

15

.67‌

%

Financial

14

.44‌

%

Consumer,

Cyclical

9

.09‌

%

Industrial

7

.80‌

%

Money

Market

Funds

3

.13‌

%

Energy

2

.53‌

%

Utilities

2

.39‌

%

Basic

Materials

2

.04‌

%

Investment

Companies

0

.34‌

%

Other

Assets

and

Liabilities

0

.33‌

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

LargeCap

S&P

500

Index

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

129

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

79,783‌

$

1,191,189‌

$

1,080,446‌

$

190,526‌

$

79,783‌

$

1,191,189‌

$

1,080,446‌

$

190,526‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

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)

S&P

500

Emini;

September

2021

Long

941‌

$

206,526‌

$

6,759‌

Total

$

6,759‌

Amounts

in

thousands

except

contracts.

Schedule

of

Investments

LargeCap

Value

Fund

III

July

31,

2021

(unaudited)

See

accompanying

notes.

130

INVESTMENT

COMPANIES

-

2

.76

%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0

.35

%

iShares

Russell

1000

Value

ETF

74,061‌

$

11,847‌

Money

Market

Funds

-

2

.41

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(a),(b)

1,269,079‌

1,269‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(c),(d)

81,284,948‌

81,285‌

$

82,554‌

TOTAL

INVESTMENT

COMPANIES

$

94,401‌

COMMON

STOCKS

-

97

.37

%

Shares

Held

Value

(000's)

Advertising

-

0

.02

%

Interpublic

Group

of

Cos

Inc/The

11,143‌

$

394‌

Omnicom

Group

Inc

6,040‌

440‌

$

834‌

Aerospace

&

Defense

-

3

.40

%

Boeing

Co/The

(d)

15,202‌

3,443‌

General

Dynamics

Corp

168,524‌

33,036‌

HEICO

Corp

860‌

116‌

HEICO

Corp

-

Class

A

1,511‌

183‌

Hexcel

Corp

(d)

2,384‌

130‌

Howmet

Aerospace

Inc

10,292‌

338‌

L3Harris

Technologies

Inc

123,721‌

28,053‌

Lockheed

Martin

Corp

885‌

329‌

Mercury

Systems

Inc

(d)

1,565‌

103‌

Northrop

Grumman

Corp

3,910‌

1,419‌

Raytheon

Technologies

Corp

550,517‌

47,867‌

Spirit

AeroSystems

Holdings

Inc

2,103‌

91‌

Teledyne

Technologies

Inc

(d)

1,309‌

593‌

TransDigm

Group

Inc

(d)

1,045‌

670‌

$

116,371‌

Agriculture

-

0

.21

%

Altria

Group

Inc

23,340‌

1,121‌

Archer-Daniels-Midland

Co

15,794‌

943‌

Bunge

Ltd

3,895‌

302‌

Darling

Ingredients

Inc

(d)

4,338‌

300‌

Philip

Morris

International

Inc

44,206‌

4,425‌

$

7,091‌

Airlines

-

0

.06

%

Alaska

Air

Group

Inc

(d)

3,432‌

199‌

American

Airlines

Group

Inc

(d)

18,106‌

369‌

Copa

Holdings

SA

(d)

894‌

63‌

JetBlue

Airways

Corp

(d)

8,839‌

131‌

Southwest

Airlines

Co

(d)

16,755‌

847‌

United

Airlines

Holdings

Inc

(d)

9,168‌

428‌

$

2,037‌

Apparel

-

1

.01

%

Capri

Holdings

Ltd

(d)

4,187‌

236‌

Carter's

Inc

1,222‌

120‌

Columbia

Sportswear

Co

1,061‌

106‌

Deckers

Outdoor

Corp

(d)

682‌

280‌

Hanesbrands

Inc

3,960‌

72‌

PVH

Corp

(d)

2,009‌

210‌

Ralph

Lauren

Corp

288,151‌

32,711‌

Skechers

USA

Inc

(d)

3,319‌

178‌

Tapestry

Inc

(d)

7,124‌

301‌

Under

Armour

Inc

-

Class

A

(d)

5,446‌

111‌

Under

Armour

Inc

-

Class

C

(d)

5,479‌

96‌

VF

Corp

3,280‌

263‌

$

34,684‌

Automobile

Manufacturers

-

0

.95

%

Cummins

Inc

4,145‌

962‌

Ford

Motor

Co

(d)

111,066‌

1,549‌

General

Motors

Co

(d)

511,990‌

29,102‌

PACCAR

Inc

9,665‌

802‌

TuSimple

Holdings

Inc

(d),(e)

899‌

33‌

$

32,448‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Automobile

Parts

&

Equipment

-

0

.06

%

Allison

Transmission

Holdings

Inc

747‌

$

30‌

Aptiv

PLC

(d)

6,255‌

1,044‌

BorgWarner

Inc

6,793‌

333‌

Gentex

Corp

6,847‌

233‌

Lear

Corp

1,713‌

300‌

QuantumScape

Corp

(d),(e)

944‌

21‌

$

1,961‌

Banks

-

10

.68

%

Bank

of

America

Corp

823,778‌

31,601‌

Bank

of

Hawaii

Corp

1,139‌

95‌

Bank

of

New

York

Mellon

Corp/The

22,756‌

1,168‌

Bank

OZK

3,500‌

143‌

BOK

Financial

Corp

908‌

76‌

Citigroup

Inc

404,392‌

27,346‌

Citizens

Financial

Group

Inc

9,918‌

418‌

Comerica

Inc

3,985‌

274‌

Commerce

Bancshares

Inc/MO

3,023‌

214‌

Cullen/Frost

Bankers

Inc

1,600‌

172‌

East

West

Bancorp

Inc

4,040‌

287‌

Fifth

Third

Bancorp

19,902‌

722‌

First

Citizens

BancShares

Inc/NC

172‌

135‌

First

Hawaiian

Inc

3,749‌

103‌

First

Horizon

Corp

15,592‌

241‌

First

Republic

Bank/CA

4,949‌

965‌

FNB

Corp/PA

9,280‌

106‌

Goldman

Sachs

Group

Inc/The

209,366‌

78,487‌

Huntington

Bancshares

Inc/OH

41,553‌

585‌

JPMorgan

Chase

&

Co

240,752‌

36,542‌

KeyCorp

27,437‌

539‌

M&T

Bank

Corp

3,637‌

487‌

Morgan

Stanley

39,413‌

3,783‌

Northern

Trust

Corp

238,742‌

26,942‌

PacWest

Bancorp

3,374‌

134‌

Pinnacle

Financial

Partners

Inc

2,114‌

189‌

PNC

Financial

Services

Group

Inc/The

143,435‌

26,164‌

Popular

Inc

2,375‌

173‌

Prosperity

Bancshares

Inc

2,557‌

174‌

Regions

Financial

Corp

27,269‌

525‌

Signature

Bank/New

York

NY

1,607‌

365‌

State

Street

Corp

9,858‌

859‌

SVB

Financial

Group

(d)

1,584‌

871‌

Synovus

Financial

Corp

3,870‌

158‌

Truist

Financial

Corp

38,125‌

2,075‌

Umpqua

Holdings

Corp

6,354‌

120‌

US

Bancorp

861,558‌

47,851‌

Webster

Financial

Corp

2,559‌

123‌

Wells

Fargo

&

Co

1,201,897‌

55,215‌

Western

Alliance

Bancorp

202,285‌

18,776‌

Wintrust

Financial

Corp

1,651‌

118‌

Zions

Bancorp

NA

4,627‌

241‌

$

365,562‌

Beverages

-

2

.08

%

Brown-Forman

Corp

-

A

Shares

650‌

43‌

Brown-Forman

Corp

-

B

Shares

2,620‌

186‌

Coca-Cola

Co/The

32,408‌

1,848‌

Coca-Cola

Europacific

Partners

PLC

627,363‌

38,934‌

Constellation

Brands

Inc

4,586‌

1,029‌

Keurig

Dr

Pepper

Inc

19,824‌

698‌

Molson

Coors

Beverage

Co

5,004‌

245‌

Monster

Beverage

Corp

(d)

757‌

71‌

PepsiCo

Inc

178,773‌

28,059‌

$

71,113‌

Biotechnology

-

1

.36

%

Amgen

Inc

2,886‌

697‌

Biogen

Inc

(d)

4,251‌

1,389‌

BioMarin

Pharmaceutical

Inc

(d)

5,171‌

397‌

Bio-Rad

Laboratories

Inc

(d)

607‌

449‌

Certara

Inc

(d)

336‌

9‌

Corteva

Inc

879,036‌

37,605‌

Schedule

of

Investments

LargeCap

Value

Fund

III

July

31,

2021

(unaudited)

See

accompanying

notes.

131

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Biotechnology

(continued)

Exact

Sciences

Corp

(d)

364‌

$

39‌

Exelixis

Inc

(d)

1,269‌

21‌

Gilead

Sciences

Inc

35,638‌

2,434‌

Horizon

Therapeutics

Plc

(d)

5,031‌

503‌

Incyte

Corp

(d)

753‌

58‌

Ionis

Pharmaceuticals

Inc

(d)

317‌

12‌

Iovance

Biotherapeutics

Inc

(d)

2,866‌

64‌

Mirati

Therapeutics

Inc

(d)

184‌

29‌

Nektar

Therapeutics

(d)

5,006‌

79‌

Regeneron

Pharmaceuticals

Inc

(d)

2,540‌

1,460‌

Royalty

Pharma

PLC

3,764‌

144‌

Sage

Therapeutics

Inc

(d)

1,456‌

64‌

Seagen

Inc

(d)

404‌

62‌

Ultragenyx

Pharmaceutical

Inc

(d)

466‌

37‌

United

Therapeutics

Corp

(d)

1,240‌

226‌

Vertex

Pharmaceuticals

Inc

(d)

4,411‌

889‌

$

46,667‌

Building

Materials

-

0

.17

%

Armstrong

World

Industries

Inc

698‌

76‌

AZEK

Co

Inc/The

(d)

1,409‌

51‌

Builders

FirstSource

Inc

(d)

5,810‌

259‌

Carrier

Global

Corp

13,123‌

725‌

Eagle

Materials

Inc

1,174‌

166‌

Fortune

Brands

Home

&

Security

Inc

2,920‌

285‌

Hayward

Holdings

Inc

(d)

1,089‌

26‌

Johnson

Controls

International

plc

20,311‌

1,451‌

Lennox

International

Inc

966‌

318‌

Louisiana-Pacific

Corp

2,679‌

149‌

Martin

Marietta

Materials

Inc

1,763‌

640‌

Masco

Corp

7,139‌

426‌

MDU

Resources

Group

Inc

5,719‌

181‌

Owens

Corning

2,925‌

281‌

Vulcan

Materials

Co

3,750‌

675‌

$

5,709‌

Chemicals

-

1

.87

%

Air

Products

and

Chemicals

Inc

6,274‌

1,826‌

Albemarle

Corp

3,295‌

679‌

Ashland

Global

Holdings

Inc

1,579‌

134‌

Axalta

Coating

Systems

Ltd

(d)

4,875‌

147‌

Celanese

Corp

2,033‌

317‌

CF

Industries

Holdings

Inc

6,121‌

289‌

Chemours

Co/The

2,266‌

75‌

Diversey

Holdings

Ltd

(d)

334‌

6‌

Dow

Inc

19,688‌

1,224‌

DuPont

de

Nemours

Inc

15,117‌

1,135‌

Eastman

Chemical

Co

3,849‌

434‌

Ecolab

Inc

873‌

193‌

Element

Solutions

Inc

6,569‌

154‌

FMC

Corp

2,730‌

292‌

Huntsman

Corp

5,977‌

158‌

International

Flavors

&

Fragrances

Inc

362,894‌

54,666‌

LyondellBasell

Industries

NV

6,539‌

649‌

Mosaic

Co/The

9,905‌

309‌

NewMarket

Corp

189‌

60‌

Olin

Corp

3,769‌

177‌

PPG

Industries

Inc

3,882‌

635‌

RPM

International

Inc

1,505‌

130‌

Valvoline

Inc

5,077‌

156‌

Westlake

Chemical

Corp

753‌

62‌

$

63,907‌

Commercial

Services

-

1

.87

%

ADT

Inc

4,492‌

47‌

AMERCO

256‌

151‌

Aramark

973,018‌

34,182‌

Automatic

Data

Processing

Inc

967‌

203‌

Bright

Horizons

Family

Solutions

Inc

(d)

349‌

52‌

Chegg

Inc

(d)

945‌

84‌

Cintas

Corp

161‌

63‌

CoStar

Group

Inc

(d)

2,480‌

220‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Commercial

Services

(continued)

Driven

Brands

Holdings

Inc

(d)

1,041‌

$

33‌

Dun

&

Bradstreet

Holdings

Inc

(d)

4,542‌

95‌

Equifax

Inc

2,122‌

553‌

Euronet

Worldwide

Inc

(d)

420‌

60‌

FleetCor

Technologies

Inc

(d)

1,781‌

460‌

FTI

Consulting

Inc

(d)

952‌

139‌

Global

Payments

Inc

8,322‌

1,610‌

Grand

Canyon

Education

Inc

(d)

1,331‌

123‌

H&R

Block

Inc

1,008‌

25‌

IHS

Markit

Ltd

10,588‌

1,237‌

ManpowerGroup

Inc

1,540‌

183‌

Moody's

Corp

238‌

89‌

Morningstar

Inc

68‌

17‌

Nielsen

Holdings

PLC

10,214‌

242‌

Paysafe

Ltd

(d),(e)

8,754‌

94‌

Quanta

Services

Inc

239,650‌

21,785‌

Robert

Half

International

Inc

384‌

38‌

Rollins

Inc

459‌

18‌

S&P

Global

Inc

1,997‌

856‌

Service

Corp

International/US

4,641‌

290‌

StoneCo

Ltd

(d)

432‌

25‌

Terminix

Global

Holdings

Inc

(d)

3,621‌

190‌

TransUnion

1,719‌

206‌

United

Rentals

Inc

(d)

1,340‌

442‌

Verisk

Analytics

Inc

1,633‌

310‌

WEX

Inc

(d)

417‌

79‌

$

64,201‌

Computers

-

1

.27

%

Accenture

PLC

-

Class

A

3,537‌

1,124‌

Amdocs

Ltd

3,630‌

280‌

CACI

International

Inc

(d)

658‌

176‌

Cognizant

Technology

Solutions

Corp

472,473‌

34,741‌

Dell

Technologies

Inc

(d)

3,993‌

386‌

DXC

Technology

Co

(d)

7,270‌

291‌

Genpact

Ltd

4,933‌

246‌

Hewlett

Packard

Enterprise

Co

36,895‌

535‌

HP

Inc

23,107‌

667‌

International

Business

Machines

Corp

25,369‌

3,576‌

Leidos

Holdings

Inc

4,002‌

426‌

Lumentum

Holdings

Inc

(d)

2,144‌

180‌

McAfee

Corp

277‌

7‌

NCR

Corp

(d)

2,387‌

106‌

NetApp

Inc

2,127‌

169‌

Pure

Storage

Inc

(d)

489‌

9‌

Science

Applications

International

Corp

1,641‌

143‌

Western

Digital

Corp

(d)

8,703‌

565‌

$

43,627‌

Consumer

Products

-

0

.05

%

Avery

Dennison

Corp

1,102‌

232‌

Church

&

Dwight

Co

Inc

6,590‌

571‌

Clorox

Co/The

671‌

121‌

Kimberly-Clark

Corp

4,756‌

646‌

Reynolds

Consumer

Products

Inc

1,541‌

44‌

Spectrum

Brands

Holdings

Inc

1,226‌

107‌

$

1,721‌

Cosmetics

&

Personal

Care

-

0

.31

%

Colgate-Palmolive

Co

11,139‌

885‌

Coty

Inc

(d)

8,551‌

75‌

Procter

&

Gamble

Co/The

69,121‌

9,831‌

$

10,791‌

Distribution

&

Wholesale

-

0

.03

%

Fastenal

Co

1,841‌

101‌

Leslie's

Inc

(d)

355‌

9‌

LKQ

Corp

(d)

7,933‌

403‌

SiteOne

Landscape

Supply

Inc

(d)

597‌

104‌

Univar

Solutions

Inc

(d)

4,821‌

118‌

Watsco

Inc

929‌

262‌

WW

Grainger

Inc

224‌

100‌

$

1,097‌

Schedule

of

Investments

LargeCap

Value

Fund

III

July

31,

2021

(unaudited)

See

accompanying

notes.

132

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Diversified

Financial

Services

-

4

.83

%

Affiliated

Managers

Group

Inc

1,178‌

$

187‌

Air

Lease

Corp

3,054‌

129‌

Alliance

Data

Systems

Corp

1,409‌

131‌

Ally

Financial

Inc

10,505‌

540‌

American

Express

Co

166,334‌

28,364‌

Ameriprise

Financial

Inc

1,459‌

376‌

BlackRock

Inc

4,058‌

3,519‌

Capital

One

Financial

Corp

191,818‌

31,017‌

Cboe

Global

Markets

Inc

3,014‌

357‌

Charles

Schwab

Corp/The

570,538‌

38,768‌

CME

Group

Inc

10,172‌

2,158‌

Credit

Acceptance

Corp

(d)

241‌

117‌

Discover

Financial

Services

3,890‌

484‌

Evercore

Inc

-

Class

A

1,125‌

149‌

Franklin

Resources

Inc

8,199‌

242‌

Interactive

Brokers

Group

Inc

-

A

Shares

2,276‌

141‌

Intercontinental

Exchange

Inc

228,031‌

27,325‌

Invesco

Ltd

9,460‌

231‌

Janus

Henderson

Group

PLC

4,843‌

203‌

Jefferies

Financial

Group

Inc

6,213‌

206‌

Lazard

Ltd

2,889‌

136‌

Nasdaq

Inc

3,238‌

605‌

OneMain

Holdings

Inc

2,511‌

153‌

Raymond

James

Financial

Inc

3,313‌

429‌

Santander

Consumer

USA

Holdings

Inc

1,711‌

70‌

SEI

Investments

Co

3,155‌

192‌

SLM

Corp

9,127‌

172‌

Stifel

Financial

Corp

2,892‌

192‌

Synchrony

Financial

13,382‌

629‌

T

Rowe

Price

Group

Inc

4,276‌

873‌

Tradeweb

Markets

Inc

2,974‌

258‌

UWM

Holdings

Corp

(e)

643‌

5‌

Virtu

Financial

Inc

2,647‌

68‌

Visa

Inc

107,950‌

26,598‌

Western

Union

Co/The

8,709‌

202‌

$

165,226‌

Electric

-

2

.95

%

AES

Corp/The

18,733‌

444‌

Alliant

Energy

Corp

7,093‌

415‌

Ameren

Corp

7,218‌

606‌

American

Electric

Power

Co

Inc

14,196‌

1,251‌

Avangrid

Inc

1,641‌

86‌

Brookfield

Renewable

Corp

2,712‌

115‌

CenterPoint

Energy

Inc

16,481‌

420‌

CMS

Energy

Corp

8,192‌

506‌

Consolidated

Edison

Inc

9,741‌

719‌

Dominion

Energy

Inc

22,863‌

1,712‌

DTE

Energy

Co

231,652‌

27,177‌

Duke

Energy

Corp

21,840‌

2,296‌

Edison

International

10,577‌

576‌

Entergy

Corp

5,684‌

585‌

Evergy

Inc

6,490‌

423‌

Eversource

Energy

9,736‌

840‌

Exelon

Corp

536,474‌

25,107‌

FirstEnergy

Corp

15,423‌

591‌

Hawaiian

Electric

Industries

Inc

3,064‌

133‌

IDACORP

Inc

1,440‌

152‌

NextEra

Energy

Inc

373,328‌

29,082‌

NRG

Energy

Inc

3,769‌

155‌

OGE

Energy

Corp

5,731‌

193‌

PG&E

Corp

(d)

42,861‌

377‌

Pinnacle

West

Capital

Corp

3,221‌

269‌

PPL

Corp

21,859‌

620‌

Public

Service

Enterprise

Group

Inc

14,306‌

890‌

Sempra

Energy

8,951‌

1,169‌

Southern

Co/The

30,026‌

1,918‌

Vistra

Corp

13,371‌

256‌

WEC

Energy

Group

Inc

8,951‌

843‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Electric

(continued)

Xcel

Energy

Inc

15,271‌

$

1,042‌

$

100,968‌

Electrical

Components

&

Equipment

-

0

.09

%

Acuity

Brands

Inc

1,022‌

179‌

AMETEK

Inc

6,537‌

909‌

ChargePoint

Holdings

Inc

(d),(e)

3,548‌

84‌

Emerson

Electric

Co

16,931‌

1,708‌

Littelfuse

Inc

668‌

178‌

$

3,058‌

Electronics

-

1

.00

%

Agilent

Technologies

Inc

899‌

138‌

Allegion

plc

610‌

83‌

Amphenol

Corp

4,788‌

347‌

Arrow

Electronics

Inc

(d)

2,115‌

251‌

Avnet

Inc

2,833‌

117‌

Coherent

Inc

(d)

73‌

18‌

Fortive

Corp

9,265‌

673‌

Garmin

Ltd

4,288‌

674‌

Honeywell

International

Inc

126,025‌

29,463‌

Hubbell

Inc

1,541‌

309‌

Jabil

Inc

857‌

51‌

Keysight

Technologies

Inc

(d)

2,951‌

486‌

National

Instruments

Corp

3,693‌

163‌

nVent

Electric

PLC

4,721‌

149‌

Sensata

Technologies

Holding

PLC

(d)

4,420‌

259‌

SYNNEX

Corp

1,185‌

142‌

Trimble

Inc

(d)

7,099‌

607‌

Vontier

Corp

2,204‌

71‌

Waters

Corp

(d)

122‌

48‌

Woodward

Inc

1,627‌

198‌

$

34,247‌

Energy

-

Alternate

Sources

-

0

.02

%

First

Solar

Inc

(d)

3,004‌

259‌

Shoals

Technologies

Group

Inc

(d)

2,518‌

73‌

Sunrun

Inc

(d)

5,652‌

299‌

$

631‌

Engineering

&

Construction

-

1

.47

%

AECOM

(d)

599,638‌

37,753‌

Frontdoor

Inc

(d)

773‌

38‌

Jacobs

Engineering

Group

Inc

92,669‌

12,534‌

MasTec

Inc

(d)

1,591‌

161‌

TopBuild

Corp

(d)

160‌

32‌

$

50,518‌

Entertainment

-

0

.03

%

Caesars

Entertainment

Inc

(d)

2,142‌

187‌

Live

Nation

Entertainment

Inc

(d)

2,347‌

185‌

Madison

Square

Garden

Sports

Corp

(d)

330‌

54‌

Marriott

Vacations

Worldwide

Corp

(d)

1,179‌

174‌

Penn

National

Gaming

Inc

(d)

4,147‌

283‌

Six

Flags

Entertainment

Corp

(d)

1,351‌

56‌

$

939‌

Environmental

Control

-

0

.08

%

Clean

Harbors

Inc

(d)

1,470‌

140‌

Pentair

PLC

4,729‌

348‌

Republic

Services

Inc

5,960‌

705‌

Stericycle

Inc

(d)

2,611‌

184‌

Waste

Management

Inc

10,089‌

1,496‌

$

2,873‌

Food

-

0

.27

%

Albertsons

Cos

Inc

(e)

4,404‌

95‌

Beyond

Meat

Inc

(d),(e)

200‌

25‌

Campbell

Soup

Co

5,532‌

242‌

Conagra

Brands

Inc

13,362‌

447‌

Flowers

Foods

Inc

5,338‌

126‌

General

Mills

Inc

17,317‌

1,019‌

Grocery

Outlet

Holding

Corp

(d)

2,478‌

82‌

Hain

Celestial

Group

Inc/The

(d)

2,349‌

94‌

Hershey

Co/The

590‌

106‌

Schedule

of

Investments

LargeCap

Value

Fund

III

July

31,

2021

(unaudited)

See

accompanying

notes.

133

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Food

(continued)

Hormel

Foods

Corp

8,007‌

$

371‌

Ingredion

Inc

1,921‌

169‌

J

M

Smucker

Co/The

3,025‌

397‌

Kellogg

Co

3,972‌

252‌

Kraft

Heinz

Co/The

18,833‌

724‌

Kroger

Co/The

21,209‌

863‌

Lamb

Weston

Holdings

Inc

2,915‌

195‌

McCormick

&

Co

Inc/MD

7,075‌

595‌

Mondelez

International

Inc

39,584‌

2,504‌

Pilgrim's

Pride

Corp

(d)

714‌

16‌

Post

Holdings

Inc

(d)

1,694‌

173‌

Seaboard

Corp

8‌

33‌

Tyson

Foods

Inc

8,146‌

582‌

US

Foods

Holding

Corp

(d)

6,302‌

216‌

$

9,326‌

Forest

Products

&

Paper

-

0

.02

%

International

Paper

Co

11,100‌

641‌

Gas

-

0

.03

%

Atmos

Energy

Corp

3,667‌

362‌

National

Fuel

Gas

Co

2,474‌

127‌

NiSource

Inc

10,984‌

272‌

UGI

Corp

5,966‌

274‌

$

1,035‌

Hand

&

Machine

Tools

-

1

.12

%

MSA

Safety

Inc

741‌

122‌

Regal

Beloit

Corp

1,157‌

170‌

Snap-on

Inc

1,514‌

330‌

Stanley

Black

&

Decker

Inc

191,009‌

37,639‌

$

38,261‌

Healthcare

-

Products

-

2

.48

%

Abbott

Laboratories

24,656‌

2,983‌

Adaptive

Biotechnologies

Corp

(d)

336‌

12‌

Baxter

International

Inc

14,264‌

1,103‌

Boston

Scientific

Corp

(d)

40,264‌

1,836‌

Cooper

Cos

Inc/The

1,372‌

579‌

Danaher

Corp

17,065‌

5,077‌

DENTSPLY

SIRONA

Inc

6,164‌

407‌

Envista

Holdings

Corp

(d)

4,574‌

197‌

Globus

Medical

Inc

(d)

2,120‌

176‌

Henry

Schein

Inc

(d)

3,994‌

320‌

Hill-Rom

Holdings

Inc

1,885‌

261‌

Hologic

Inc

(d)

7,193‌

540‌

ICU

Medical

Inc

(d)

564‌

115‌

Integra

LifeSciences

Holdings

Corp

(d)

2,042‌

148‌

Masimo

Corp

(d)

389‌

106‌

Medtronic

PLC

463,358‌

60,843‌

Natera

Inc

(d)

150‌

17‌

PerkinElmer

Inc

3,175‌

579‌

QIAGEN

NV

(d)

6,444‌

340‌

Quidel

Corp

(d)

1,064‌

150‌

Repligen

Corp

(d)

88‌

22‌

ResMed

Inc

407‌

111‌

STERIS

PLC

2,416‌

527‌

Stryker

Corp

5,672‌

1,537‌

Tandem

Diabetes

Care

Inc

(d)

123‌

13‌

Teleflex

Inc

1,090‌

433‌

Thermo

Fisher

Scientific

Inc

10,149‌

5,480‌

Zimmer

Biomet

Holdings

Inc

5,940‌

971‌

$

84,883‌

Healthcare

-

Services

-

3

.87

%

Acadia

Healthcare

Co

Inc

(d)

2,515‌

155‌

agilon

health

Inc

(d)

144‌

5‌

Amedisys

Inc

(d)

104‌

27‌

Anthem

Inc

120,845‌

46,406‌

Catalent

Inc

(d)

3,525‌

422‌

Centene

Corp

(d)

16,413‌

1,126‌

Charles

River

Laboratories

International

Inc

(d)

91‌

37‌

Chemed

Corp

324‌

154‌

DaVita

Inc

(d)

593‌

71‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Healthcare

-

Services

(continued)

Encompass

Health

Corp

1,182‌

$

98‌

Humana

Inc

3,659‌

1,558‌

IQVIA

Holdings

Inc

(d)

2,739‌

679‌

Laboratory

Corp

of

America

Holdings

(d)

2,771‌

821‌

Molina

Healthcare

Inc

(d)

1,385‌

378‌

Oak

Street

Health

Inc

(d)

284‌

18‌

PPD

Inc

(d)

2,684‌

124‌

Quest

Diagnostics

Inc

3,695‌

524‌

Syneos

Health

Inc

(d)

2,522‌

226‌

Teladoc

Health

Inc

(d)

4,156‌

617‌

UnitedHealth

Group

Inc

190,668‌

78,598‌

Universal

Health

Services

Inc

2,148‌

345‌

$

132,389‌

Home

Builders

-

0

.38

%

DR

Horton

Inc

5,539‌

529‌

Lennar

Corp

-

A

Shares

111,666‌

11,742‌

Lennar

Corp

-

B

Shares

443‌

38‌

NVR

Inc

(d)

32‌

167‌

PulteGroup

Inc

5,269‌

289‌

Thor

Industries

Inc

895‌

106‌

Toll

Brothers

Inc

1,897‌

112‌

$

12,983‌

Home

Furnishings

-

0

.02

%

Dolby

Laboratories

Inc

1,820‌

177‌

Leggett

&

Platt

Inc

3,783‌

182‌

Whirlpool

Corp

1,745‌

386‌

$

745‌

Housewares

-

0

.01

%

Newell

Brands

Inc

10,786‌

267‌

Insurance

-

4

.96

%

Aflac

Inc

19,050‌

1,048‌

Alleghany

Corp

(d)

345‌

229‌

Allstate

Corp/The

8,472‌

1,102‌

American

Financial

Group

Inc/OH

1,923‌

243‌

American

International

Group

Inc

1,509,215‌

71,461‌

Aon

PLC

2,609‌

678‌

Arch

Capital

Group

Ltd

(d)

8,389‌

327‌

Arthur

J

Gallagher

&

Co

5,723‌

797‌

Assurant

Inc

1,706‌

269‌

Assured

Guaranty

Ltd

2,135‌

102‌

Athene

Holding

Ltd

(d)

3,309‌

214‌

Axis

Capital

Holdings

Ltd

2,194‌

111‌

Berkshire

Hathaway

Inc

-

Class

B

(d)

165,651‌

46,099‌

Brighthouse

Financial

Inc

(d)

2,523‌

109‌

Brown

&

Brown

Inc

6,263‌

341‌

Chubb

Ltd

134,311‌

22,664‌

Cincinnati

Financial

Corp

4,247‌

501‌

CNA

Financial

Corp

822‌

36‌

Equitable

Holdings

Inc

10,878‌

336‌

Erie

Indemnity

Co

220‌

41‌

Everest

Re

Group

Ltd

870‌

220‌

Fidelity

National

Financial

Inc

7,882‌

351‌

First

American

Financial

Corp

2,967‌

200‌

Globe

Life

Inc

2,872‌

267‌

GoHealth

Inc

(d)

348‌

3‌

Hanover

Insurance

Group

Inc/The

1,033‌

140‌

Hartford

Financial

Services

Group

Inc/The

10,118‌

644‌

Kemper

Corp

1,765‌

116‌

Lemonade

Inc

(d),(e)

970‌

84‌

Lincoln

National

Corp

4,554‌

281‌

Loews

Corp

6,286‌

337‌

Markel

Corp

(d)

321‌

387‌

Marsh

&

McLennan

Cos

Inc

12,717‌

1,872‌

Mercury

General

Corp

801‌

49‌

MetLife

Inc

21,028‌

1,213‌

MGIC

Investment

Corp

9,628‌

133‌

Old

Republic

International

Corp

7,933‌

196‌

Primerica

Inc

1,110‌

162‌

Progressive

Corp/The

16,579‌

1,578‌

Schedule

of

Investments

LargeCap

Value

Fund

III

July

31,

2021

(unaudited)

See

accompanying

notes.

134

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Insurance

(continued)

Prudential

Financial

Inc

11,187‌

$

1,122‌

Reinsurance

Group

of

America

Inc

1,940‌

214‌

RenaissanceRe

Holdings

Ltd

778‌

119‌

Travelers

Cos

Inc/The

7,129‌

1,062‌

Unum

Group

5,832‌

160‌

Voya

Financial

Inc

3,436‌

221‌

W

R

Berkley

Corp

3,914‌

286‌

White

Mountains

Insurance

Group

Ltd

82‌

93‌

Willis

Towers

Watson

PLC

56,020‌

11,545‌

$

169,763‌

Internet

-

0

.91

%

Alphabet

Inc

-

A

Shares

(d)

8,909‌

24,006‌

Alphabet

Inc

-

C

Shares

(d)

1,120‌

3,029‌

DoorDash

Inc

-

Class

A

(d)

284‌

50‌

F5

Networks

Inc

(d)

1,687‌

348‌

FireEye

Inc

(d)

4,696‌

95‌

GoDaddy

Inc

(d)

4,273‌

358‌

IAC/InterActiveCorp

(d)

2,166‌

297‌

NortonLifeLock

Inc

11,456‌

284‌

Opendoor

Technologies

Inc

(d),(e)

7,859‌

117‌

TripAdvisor

Inc

(d)

1,082‌

41‌

Twitter

Inc

(d)

19,803‌

1,381‌

Uber

Technologies

Inc

(d)

6,597‌

287‌

VeriSign

Inc

(d)

2,795‌

605‌

Vimeo

Inc

(d)

284‌

13‌

Wayfair

Inc

(d)

950‌

229‌

$

31,140‌

Iron

&

Steel

-

0

.06

%

Cleveland-Cliffs

Inc

(d)

12,920‌

323‌

Nucor

Corp

8,474‌

881‌

Reliance

Steel

&

Aluminum

Co

1,812‌

285‌

Steel

Dynamics

Inc

4,627‌

298‌

United

States

Steel

Corp

7,583‌

201‌

$

1,988‌

Leisure

Products

&

Services

-

0

.05

%

Brunswick

Corp/DE

1,924‌

201‌

Carnival

Corp

(d)

24,158‌

523‌

Harley-Davidson

Inc

4,385‌

174‌

Norwegian

Cruise

Line

Holdings

Ltd

(d)

10,393‌

250‌

Planet

Fitness

Inc

(d)

737‌

55‌

Polaris

Inc

502‌

66‌

Royal

Caribbean

Cruises

Ltd

(d)

6,214‌

477‌

Virgin

Galactic

Holdings

Inc

(d),(e)

326‌

10‌

$

1,756‌

Lodging

-

0

.60

%

Boyd

Gaming

Corp

(d)

1,831‌

104‌

Hilton

Worldwide

Holdings

Inc

(d)

2,565‌

337‌

Hyatt

Hotels

Corp

(d)

1,146‌

92‌

Las

Vegas

Sands

Corp

(d)

457,947‌

19,394‌

MGM

Resorts

International

11,574‌

434‌

Travel

+

Leisure

Co

806‌

42‌

Wyndham

Hotels

&

Resorts

Inc

960‌

69‌

$

20,472‌

Machinery

-

Construction

&

Mining

-

0

.02

%

BWX

Technologies

Inc

667‌

38‌

Caterpillar

Inc

2,147‌

444‌

Oshkosh

Corp

1,939‌

232‌

$

714‌

Machinery

-

Diversified

-

2

.28

%

AGCO

Corp

1,597‌

211‌

Colfax

Corp

(d)

3,315‌

152‌

Crane

Co

1,408‌

137‌

Curtiss-Wright

Corp

1,184‌

140‌

Deere

&

Co

110,026‌

39,784‌

Dover

Corp

4,070‌

680‌

Flowserve

Corp

3,731‌

157‌

Gates

Industrial

Corp

PLC

(d)

1,826‌

33‌

Graco

Inc

1,805‌

141‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Machinery

-

Diversified

(continued)

IDEX

Corp

2,153‌

$

488‌

Ingersoll

Rand

Inc

(d)

10,634‌

520‌

Middleby

Corp/The

(d)

173,353‌

33,195‌

Nordson

Corp

1,363‌

308‌

Otis

Worldwide

Corp

12,191‌

1,092‌

Rockwell

Automation

Inc

1,295‌

398‌

Toro

Co/The

166‌

19‌

Westinghouse

Air

Brake

Technologies

Corp

5,184‌

440‌

Xylem

Inc/NY

1,732‌

218‌

$

78,113‌

Media

-

3

.34

%

Altice

USA

Inc

(d)

1,074,361‌

33,015‌

Cable

One

Inc

71‌

134‌

Charter

Communications

Inc

(d)

198‌

147‌

Comcast

Corp

-

Class

A

837,234‌

49,254‌

Discovery

Inc

-

A

Shares

(d),(e)

4,683‌

136‌

Discovery

Inc

-

C

Shares

(d)

8,894‌

241‌

DISH

Network

Corp

(d)

7,048‌

295‌

FactSet

Research

Systems

Inc

148‌

53‌

Fox

Corp

-

A

Shares

9,143‌

326‌

Fox

Corp

-

B

Shares

4,383‌

146‌

Liberty

Broadband

Corp

-

A

Shares

(d)

706‌

121‌

Liberty

Broadband

Corp

-

C

Shares

(d)

4,304‌

764‌

Liberty

Media

Corp-Liberty

Formula

One

-

A

Shares

(d)

708‌

29‌

Liberty

Media

Corp-Liberty

Formula

One

-

C

Shares

(d)

5,681‌

267‌

Liberty

Media

Corp-Liberty

SiriusXM

-

A

Shares

(d)

2,264‌

106‌

Liberty

Media

Corp-Liberty

SiriusXM

-

C

Shares

(d)

4,598‌

212‌

New

York

Times

Co/The

4,665‌

204‌

News

Corp

-

A

Shares

11,128‌

274‌

News

Corp

-

B

Shares

3,440‌

81‌

Nexstar

Media

Group

Inc

1,086‌

160‌

Sirius

XM

Holdings

Inc

(e)

25,595‌

166‌

ViacomCBS

Inc

-

Class

A

241‌

11‌

ViacomCBS

Inc

-

Class

B

16,535‌

677‌

Walt

Disney

Co/The

(d)

155,755‌

27,416‌

World

Wrestling

Entertainment

Inc

171‌

8‌

$

114,243‌

Metal

Fabrication

&

Hardware

-

0

.01

%

Timken

Co/The

1,811‌

144‌

Valmont

Industries

Inc

597‌

141‌

$

285‌

Mining

-

0

.84

%

Alcoa

Corp

(d)

5,296‌

213‌

Freeport-McMoRan

Inc

704,079‌

26,825‌

Newmont

Corp

22,750‌

1,429‌

Royal

Gold

Inc

1,856‌

226‌

Southern

Copper

Corp

211‌

14‌

$

28,707‌

Miscellaneous

Manufacturers

-

1

.52

%

3M

Co

14,021‌

2,775‌

A

O

Smith

Corp

3,800‌

267‌

Carlisle

Cos

Inc

900‌

182‌

Donaldson

Co

Inc

3,114‌

206‌

Eaton

Corp

PLC

270,546‌

42,760‌

General

Electric

Co

248,016‌

3,212‌

Illinois

Tool

Works

Inc

921‌

209‌

ITT

Inc

2,473‌

242‌

Parker-Hannifin

Corp

3,044‌

950‌

Textron

Inc

6,398‌

441‌

Trane

Technologies

PLC

3,475‌

708‌

$

51,952‌

Office

&

Business

Equipment

-

0

.00

%

Xerox

Holdings

Corp

4,346‌

105‌

Schedule

of

Investments

LargeCap

Value

Fund

III

July

31,

2021

(unaudited)

See

accompanying

notes.

135

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Oil

&

Gas

-

6

.30

%

APA

Corp

10,756‌

$

202‌

Cabot

Oil

&

Gas

Corp

9,814‌

157‌

Chevron

Corp

233,794‌

23,803‌

Cimarex

Energy

Co

2,281‌

149‌

ConocoPhillips

488,674‌

27,395‌

Continental

Resources

Inc/OK

1,655‌

57‌

Devon

Energy

Corp

19,122‌

494‌

Diamondback

Energy

Inc

2,695‌

208‌

EOG

Resources

Inc

307,343‌

22,393‌

EQT

Corp

(d)

7,898‌

145‌

Exxon

Mobil

Corp

120,227‌

6,921‌

Hess

Corp

492,777‌

37,667‌

HollyFrontier

Corp

4,281‌

126‌

Marathon

Oil

Corp

22,026‌

255‌

Marathon

Petroleum

Corp

18,486‌

1,021‌

Occidental

Petroleum

Corp

20,930‌

546‌

Phillips

66

541,616‌

39,771‌

Pioneer

Natural

Resources

Co

131,929‌

19,178‌

Valero

Energy

Corp

527,782‌

35,346‌

$

215,834‌

Oil

&

Gas

Services

-

0

.06

%

Baker

Hughes

Co

20,907‌

444‌

Halliburton

Co

23,791‌

492‌

NOV

Inc

(d)

11,079‌

153‌

Schlumberger

NV

39,702‌

1,145‌

$

2,234‌

Packaging

&

Containers

-

0

.09

%

Amcor

PLC

43,707‌

505‌

AptarGroup

Inc

1,835‌

236‌

Ardagh

Group

SA

412‌

10‌

Ball

Corp

6,417‌

519‌

Berry

Global

Group

Inc

(d)

3,829‌

246‌

Crown

Holdings

Inc

3,224‌

322‌

Graphic

Packaging

Holding

Co

5,950‌

114‌

Packaging

Corp

of

America

2,684‌

380‌

Sealed

Air

Corp

1,974‌

112‌

Silgan

Holdings

Inc

2,373‌

96‌

Sonoco

Products

Co

2,869‌

183‌

Westrock

Co

7,357‌

362‌

$

3,085‌

Pharmaceuticals

-

6

.74

%

AmerisourceBergen

Corp

4,162‌

508‌

Becton

Dickinson

and

Co

163,768‌

41,884‌

Bristol-Myers

Squibb

Co

63,416‌

4,304‌

Cardinal

Health

Inc

3,369‌

200‌

Cigna

Corp

9,682‌

2,222‌

CVS

Health

Corp

975,480‌

80,341‌

Elanco

Animal

Health

Inc

(d)

12,624‌

460‌

Eli

Lilly

&

Co

5,052‌

1,230‌

Herbalife

Nutrition

Ltd

(d)

2,542‌

129‌

Jazz

Pharmaceuticals

PLC

(d)

1,675‌

284‌

Johnson

&

Johnson

74,771‌

12,876‌

McKesson

Corp

130,978‌

26,697‌

Merck

&

Co

Inc

670,892‌

51,572‌

Organon

&

Co

7,194‌

209‌

Perrigo

Co

PLC

3,739‌

180‌

Pfizer

Inc

158,487‌

6,785‌

Premier

Inc

3,487‌

124‌

Viatris

Inc

34,261‌

482‌

Zoetis

Inc

702‌

142‌

$

230,629‌

Pipelines

-

0

.08

%

Antero

Midstream

Corp

9,498‌

90‌

DT

Midstream

Inc

2,735‌

116‌

Kinder

Morgan

Inc

55,220‌

960‌

ONEOK

Inc

12,587‌

654‌

Targa

Resources

Corp

6,309‌

266‌

Williams

Cos

Inc/The

34,485‌

864‌

$

2,950‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Private

Equity

-

0

.04

%

Ares

Management

Corp

472‌

$

34‌

Carlyle

Group

Inc/The

4,602‌

232‌

KKR

&

Co

Inc

15,574‌

993‌

$

1,259‌

Real

Estate

-

0

.04

%

CBRE

Group

Inc

(d)

8,969‌

865‌

Howard

Hughes

Corp/The

(d)

1,180‌

109‌

Jones

Lang

LaSalle

Inc

(d)

1,449‌

323‌

$

1,297‌

REITs

-

3

.36

%

AGNC

Investment

Corp

14,920‌

237‌

Alexandria

Real

Estate

Equities

Inc

78,323‌

15,769‌

American

Campus

Communities

Inc

3,925‌

197‌

American

Homes

4

Rent

7,816‌

328‌

Americold

Realty

Trust

7,159‌

278‌

Annaly

Capital

Management

Inc

39,664‌

337‌

Apartment

Income

REIT

Corp

4,385‌

231‌

AvalonBay

Communities

Inc

3,954‌

901‌

Boston

Properties

Inc

4,456‌

523‌

Brixmor

Property

Group

Inc

8,492‌

196‌

Camden

Property

Trust

2,700‌

403‌

CoreSite

Realty

Corp

264‌

37‌

Cousins

Properties

Inc

4,242‌

169‌

CubeSmart

5,692‌

283‌

CyrusOne

Inc

3,443‌

245‌

Digital

Realty

Trust

Inc

7,961‌

1,227‌

Douglas

Emmett

Inc

4,769‌

159‌

Duke

Realty

Corp

10,569‌

538‌

EPR

Properties

2,163‌

109‌

Equinix

Inc

734‌

602‌

Equity

LifeStyle

Properties

Inc

2,326‌

195‌

Equity

Residential

10,453‌

879‌

Essex

Property

Trust

Inc

1,838‌

603‌

Extra

Space

Storage

Inc

3,387‌

590‌

Federal

Realty

Investment

Trust

2,187‌

257‌

First

Industrial

Realty

Trust

Inc

3,617‌

198‌

Gaming

and

Leisure

Properties

Inc

6,289‌

298‌

Healthcare

Trust

of

America

Inc

6,236‌

178‌

Healthpeak

Properties

Inc

15,290‌

565‌

Highwoods

Properties

Inc

2,950‌

141‌

Host

Hotels

&

Resorts

Inc

(d)

20,031‌

319‌

Hudson

Pacific

Properties

Inc

4,158‌

113‌

Invitation

Homes

Inc

16,069‌

654‌

Iron

Mountain

Inc

2,407‌

105‌

JBG

SMITH

Properties

3,492‌

114‌

Kilroy

Realty

Corp

3,290‌

228‌

Kimco

Realty

Corp

11,833‌

252‌

Lamar

Advertising

Co

309‌

33‌

Life

Storage

Inc

2,163‌

254‌

Medical

Properties

Trust

Inc

16,433‌

346‌

MGM

Growth

Properties

LLC

813,926‌

30,766‌

Mid-America

Apartment

Communities

Inc

3,229‌

624‌

National

Retail

Properties

Inc

4,909‌

240‌

New

Residential

Investment

Corp

12,300‌

120‌

Omega

Healthcare

Investors

Inc

6,666‌

242‌

Park

Hotels

&

Resorts

Inc

(d)

6,653‌

123‌

Prologis

Inc

238,893‌

30,588‌

Public

Storage

48,084‌

15,025‌

Rayonier

Inc

3,914‌

148‌

Realty

Income

Corp

10,599‌

745‌

Regency

Centers

Corp

4,831‌

316‌

Rexford

Industrial

Realty

Inc

3,804‌

234‌

SBA

Communications

Corp

2,561‌

873‌

Simon

Property

Group

Inc

1,213‌

153‌

SL

Green

Realty

Corp

2,009‌

150‌

Spirit

Realty

Capital

Inc

3,266‌

164‌

Starwood

Property

Trust

Inc

7,831‌

204‌

STORE

Capital

Corp

6,916‌

250‌

Sun

Communities

Inc

3,133‌

614‌

Schedule

of

Investments

LargeCap

Value

Fund

III

July

31,

2021

(unaudited)

See

accompanying

notes.

136

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

REITs

(continued)

UDR

Inc

8,399‌

$

462‌

Ventas

Inc

10,627‌

635‌

VEREIT

Inc

6,488‌

318‌

VICI

Properties

Inc

15,307‌

477‌

Vornado

Realty

Trust

5,031‌

219‌

Weingarten

Realty

Investors

3,504‌

113‌

Welltower

Inc

11,847‌

1,029‌

Weyerhaeuser

Co

21,253‌

717‌

WP

Carey

Inc

5,003‌

404‌

$

115,044‌

Retail

-

7

.92

%

Advance

Auto

Parts

Inc

252,907‌

53,631‌

AutoNation

Inc

(d)

1,441‌

175‌

AutoZone

Inc

(d)

489‌

794‌

Best

Buy

Co

Inc

5,459‌

613‌

Burlington

Stores

Inc

(d)

110‌

37‌

CarMax

Inc

(d)

4,227‌

566‌

Casey's

General

Stores

Inc

1,051‌

208‌

Costco

Wholesale

Corp

817‌

351‌

Darden

Restaurants

Inc

1,184‌

173‌

Dick's

Sporting

Goods

Inc

1,765‌

184‌

Dollar

General

Corp

296,112‌

68,887‌

Dollar

Tree

Inc

(d)

6,570‌

656‌

Domino's

Pizza

Inc

350‌

184‌

Foot

Locker

Inc

2,547‌

145‌

Gap

Inc/The

5,707‌

166‌

Genuine

Parts

Co

4,027‌

511‌

Home

Depot

Inc/The

76,748‌

25,188‌

Kohl's

Corp

4,443‌

226‌

L

Brands

Inc

2,830‌

227‌

Lithia

Motors

Inc

745‌

281‌

Lowe's

Cos

Inc

209,370‌

40,344‌

McDonald's

Corp

17,429‌

4,230‌

MSC

Industrial

Direct

Co

Inc

1,275‌

114‌

Nordstrom

Inc

(d)

494‌

16‌

Ollie's

Bargain

Outlet

Holdings

Inc

(d)

1,848‌

172‌

O'Reilly

Automotive

Inc

(d)

1,359‌

821‌

Penske

Automotive

Group

Inc

902‌

80‌

Petco

Health

&

Wellness

Co

Inc

(d),(e)

1,985‌

41‌

Qurate

Retail

Inc

10,787‌

128‌

Ross

Stores

Inc

191,118‌

23,448‌

Target

Corp

7,791‌

2,034‌

Vroom

Inc

(d)

2,448‌

91‌

Walgreens

Boots

Alliance

Inc

20,356‌

960‌

Walmart

Inc

306,249‌

43,656‌

Williams-Sonoma

Inc

510‌

77‌

Yum

China

Holdings

Inc

11,004‌

684‌

Yum!

Brands

Inc

7,742‌

1,017‌

$

271,116‌

Savings

&

Loans

-

0

.01

%

New

York

Community

Bancorp

Inc

12,735‌

150‌

People's

United

Financial

Inc

12,102‌

190‌

Sterling

Bancorp/DE

4,991‌

109‌

TFS

Financial

Corp

1,395‌

27‌

$

476‌

Semiconductors

-

5

.21

%

Analog

Devices

Inc

8,917‌

1,493‌

ASML

Holding

NV

-

NY

Reg

Shares

53,084‌

40,702‌

Broadcom

Inc

86,003‌

41,746‌

Brooks

Automation

Inc

364‌

32‌

Cirrus

Logic

Inc

(d)

1,667‌

138‌

Cree

Inc

(d)

3,268‌

303‌

Intel

Corp

114,751‌

6,164‌

IPG

Photonics

Corp

(d)

946‌

206‌

Marvell

Technology

Inc

22,901‌

1,386‌

Maxim

Integrated

Products

Inc

395‌

40‌

Microchip

Technology

Inc

127,852‌

18,298‌

Micron

Technology

Inc

354,759‌

27,522‌

MKS

Instruments

Inc

245‌

38‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Semiconductors

(continued)

NXP

Semiconductors

NV

5,419‌

$

1,118‌

ON

Semiconductor

Corp

(d)

5,513‌

215‌

Qorvo

Inc

(d)

3,205‌

608‌

QUALCOMM

Inc

152,883‌

22,902‌

Skyworks

Solutions

Inc

2,471‌

456‌

Texas

Instruments

Inc

78,368‌

14,939‌

$

178,306‌

Shipbuilding

-

0

.01

%

Huntington

Ingalls

Industries

Inc

1,115‌

229‌

Software

-

3

.07

%

Activision

Blizzard

Inc

390,955‌

32,692‌

Akamai

Technologies

Inc

(d)

4,558‌

547‌

ANSYS

Inc

(d)

1,442‌

531‌

Black

Knight

Inc

(d)

4,308‌

357‌

Broadridge

Financial

Solutions

Inc

301‌

52‌

C3.ai

Inc

(d)

383‌

19‌

CDK

Global

Inc

2,906‌

139‌

Ceridian

HCM

Holding

Inc

(d)

3,661‌

360‌

Cerner

Corp

8,548‌

687‌

Change

Healthcare

Inc

(d)

6,997‌

152‌

Citrix

Systems

Inc

2,262‌

228‌

Clarivate

PLC

(d)

11,685‌

266‌

Cloudflare

Inc

(d)

406‌

48‌

Concentrix

Corp

(d)

1,184‌

194‌

Datto

Holding

Corp

(d)

677‌

18‌

Duck

Creek

Technologies

Inc

(d),(e)

1,579‌

69‌

Dynatrace

Inc

(d)

307‌

20‌

Electronic

Arts

Inc

8,130‌

1,170‌

Fastly

Inc

(d),(e)

2,997‌

144‌

Fidelity

National

Information

Services

Inc

17,587‌

2,621‌

Fiserv

Inc

(d)

15,822‌

1,821‌

Guidewire

Software

Inc

(d)

2,378‌

274‌

Jack

Henry

&

Associates

Inc

1,547‌

269‌

Jamf

Holding

Corp

(d)

230‌

8‌

Manhattan

Associates

Inc

(d)

837‌

134‌

Medallia

Inc

(d)

1,331‌

45‌

Microsoft

Corp

110,439‌

31,465‌

MSCI

Inc

661‌

394‌

N-Able

Inc

(d)

992‌

14‌

Nuance

Communications

Inc

(d)

5,011‌

275‌

Oracle

Corp

230,198‌

20,060‌

Paychex

Inc

1,171‌

133‌

Pegasystems

Inc

77‌

10‌

Roper

Technologies

Inc

2,974‌

1,461‌

salesforce.com

Inc

(d)

21,197‌

5,128‌

Signify

Health

Inc

(d)

649‌

17‌

Snowflake

Inc

-

Class

A

(d)

198‌

53‌

SolarWinds

Corp

(d)

1,984‌

22‌

SS&C

Technologies

Holdings

Inc

6,354‌

498‌

Synopsys

Inc

(d)

1,574‌

453‌

Take-Two

Interactive

Software

Inc

(d)

2,592‌

450‌

Teradata

Corp

(d)

453‌

23‌

Twilio

Inc

(d)

3,302‌

1,234‌

Tyler

Technologies

Inc

(d)

152‌

75‌

VMware

Inc

(d),(e)

1,432‌

220‌

Zynga

Inc

(d)

14,865‌

150‌

$

105,000‌

Telecommunications

-

2

.94

%

Arista

Networks

Inc

(d)

182‌

69‌

AT&T

Inc

202,790‌

5,688‌

Ciena

Corp

(d)

4,379‌

255‌

Cisco

Systems

Inc/Delaware

823,889‌

45,619‌

Corning

Inc

14,290‌

598‌

Juniper

Networks

Inc

9,199‌

259‌

Lumen

Technologies

Inc

31,231‌

389‌

Motorola

Solutions

Inc

4,713‌

1,055‌

T-Mobile

US

Inc

(d)

277,322‌

39,940‌

Ubiquiti

Inc

21‌

7‌

Verizon

Communications

Inc

117,645‌

6,562‌

Schedule

of

Investments

LargeCap

Value

Fund

III

July

31,

2021

(unaudited)

See

accompanying

notes.

137

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Telecommunications

(continued)

Viasat

Inc

(d)

1,747‌

$

87‌

$

100,528‌

Textiles

-

0

.67

%

Mohawk

Industries

Inc

(d)

118,292‌

23,055‌

Toys,

Games

&

Hobbies

-

0

.01

%

Hasbro

Inc

3,639‌

362‌

Transportation

-

2

.13

%

CH

Robinson

Worldwide

Inc

3,005‌

268‌

CSX

Corp

64,278‌

2,077‌

Expeditors

International

of

Washington

Inc

1,294‌

166‌

FedEx

Corp

3,933‌

1,101‌

JB

Hunt

Transport

Services

Inc

239,948‌

40,419‌

Kansas

City

Southern

1,886‌

505‌

Kirby

Corp

(d)

1,725‌

100‌

Knight-Swift

Transportation

Holdings

Inc

4,558‌

227‌

Landstar

System

Inc

123‌

19‌

Norfolk

Southern

Corp

7,088‌

1,828‌

Old

Dominion

Freight

Line

Inc

230‌

62‌

Ryder

System

Inc

1,516‌

115‌

Schneider

National

Inc

1,473‌

33‌

Union

Pacific

Corp

118,966‌

26,025‌

XPO

Logistics

Inc

(d)

375‌

52‌

$

72,997‌

Water

-

0

.03

%

American

Water

Works

Co

Inc

5,150‌

876‌

Essential

Utilities

Inc

6,411‌

315‌

$

1,191‌

TOTAL

COMMON

STOCKS

$

3,333,641‌

Total

Investments

$

3,428,042‌

Other

Assets

and

Liabilities

-  (0.13)%

(

4,532‌

)

TOTAL

NET

ASSETS

-

100.00%

$

3,423,510‌

(a)

Current

yield

shown

is

as

of

period

end.

(b)

Security

or

a

portion

of

the

security

was

received

as

collateral

for

securities

lending.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$1,269

or

0.04%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

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,

the

value

of

these

securities

totaled

$1,219

or

0.04%

of

net

assets.

Portfolio

Summary  (unaudited)

Sector

Percent

Financial

23

.92‌

%

Consumer,

Non-cyclical

19

.24‌

%

Industrial

13

.39‌

%

Consumer,

Cyclical

11

.80‌

%

Technology

9

.55‌

%

Communications

7

.21‌

%

Energy

6

.46‌

%

Utilities

3

.01‌

%

Basic

Materials

2

.79‌

%

Money

Market

Funds

2

.41‌

%

Investment

Companies

0

.35‌

%

Other

Assets

and

Liabilities

(

0

.13‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

44,291‌

$

1,328,878‌

$

1,291,884‌

$

81,285‌

$

44,291‌

$

1,328,878‌

$

1,291,884‌

$

81,285‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

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)

S&P

500

Emini;

September

2021

Long

98‌

$

21,509‌

$

611‌

Total

$

611‌

Amounts

in

thousands

except

contracts.

Schedule

of

Investments

MidCap

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

138

INVESTMENT

COMPANIES

-

0

.02

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

0

.02

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(a),(b)

77,979‌

$

78‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(c),(d)

4,901,265‌

4,901‌

$

4,979‌

TOTAL

INVESTMENT

COMPANIES

$

4,979‌

COMMON

STOCKS

-

100

.01

%

Shares

Held

Value

(000's)

Aerospace

&

Defense

-

5

.40

%

HEICO

Corp

-

Class

A

2,722,928‌

$

330,264‌

TransDigm

Group

Inc

(d)

1,513,113‌

970,042‌

$

1,300,306‌

Banks

-

0

.86

%

First

Republic

Bank/CA

1,055,698‌

205,882‌

Beverages

-

0

.27

%

Brown-Forman

Corp

-

B

Shares

925,737‌

65,653‌

Building

Materials

-

4

.11

%

Martin

Marietta

Materials

Inc

768,589‌

279,228‌

Summit

Materials

Inc

(d)

4,172,846‌

140,208‌

Vulcan

Materials

Co

3,163,174‌

569,340‌

$

988,776‌

Chemicals

-

0

.55

%

Air

Products

and

Chemicals

Inc

455,501‌

132,565‌

Commercial

Services

-

10

.74

%

Bright

Horizons

Family

Solutions

Inc

(d)

811,603‌

121,334‌

CoStar

Group

Inc

(d)

10,102,191‌

897,580‌

Everarc

Holdings

Ltd

-

Warrants

(d)

2,883,826‌

649‌

Gartner

Inc

(d)

1,093,053‌

289,364‌

IHS

Markit

Ltd

1,255,998‌

146,751‌

Moody's

Corp

630,735‌

237,156‌

S&P

Global

Inc

241,361‌

103,476‌

Square

Inc

(d)

645,463‌

159,597‌

TransUnion

3,041,503‌

365,163‌

Verisk

Analytics

Inc

1,396,013‌

265,159‌

$

2,586,229‌

Distribution

&

Wholesale

-

4

.68

%

Copart

Inc

(d)

5,254,916‌

772,473‌

Fastenal

Co

6,471,788‌

354,460‌

$

1,126,933‌

Diversified

Financial

Services

-

1

.46

%

Brookfield

Asset

Management

Reinsurance

Partners

Ltd

(d)

146,196‌

7,924‌

Credit

Acceptance

Corp

(d)

706,962‌

342,714‌

$

350,638‌

Electric

-

2

.23

%

Brookfield

Infrastructure

Partners

LP

7,673,248‌

414,970‌

Brookfield

Renewable

Partners

LP

3,098,759‌

121,843‌

$

536,813‌

Electronics

-

2

.00

%

Agilent

Technologies

Inc

723,845‌

110,915‌

Mettler-Toledo

International

Inc

(d)

251,214‌

370,216‌

$

481,131‌

Entertainment

-

3

.29

%

Live

Nation

Entertainment

Inc

(d)

5,315,251‌

419,320‌

Vail

Resorts

Inc

(d)

1,219,224‌

372,107‌

$

791,427‌

Healthcare

-

Products

-

1

.56

%

IDEXX

Laboratories

Inc

(d)

554,906‌

376,520‌

Holding

Companies

-

Diversified

-

0

.15

%

Everarc

Holdings

Ltd

(c),(d)

2,883,826‌

36,058‌

Home

Builders

-

2

.60

%

Lennar

Corp

-

A

Shares

2,591,773‌

272,525‌

Lennar

Corp

-

B

Shares

37,552‌

3,242‌

NVR

Inc

(d)

67,101‌

350,442‌

$

626,209‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Insurance

-

6

.63

%

Aon

PLC

548,785‌

$

142,701‌

Arch

Capital

Group

Ltd

(d)

8,095,998‌

315,744‌

Brown

&

Brown

Inc

5,823,022‌

316,772‌

Fidelity

National

Financial

Inc

2,170,880‌

96,843‌

Markel

Corp

(d)

449,713‌

542,430‌

Progressive

Corp/The

1,906,301‌

181,404‌

$

1,595,894‌

Internet

-

4

.37

%

VeriSign

Inc

(d)

1,927,115‌

416,970‌

Wix.com

Ltd

(d)

2,125,756‌

634,836‌

$

1,051,806‌

Lodging

-

3

.38

%

Hilton

Worldwide

Holdings

Inc

(d)

5,020,439‌

659,937‌

Hyatt

Hotels

Corp

(d)

1,911,494‌

152,671‌

$

812,608‌

Machinery

-

Diversified

-

0

.50

%

Cognex

Corp

541,326‌

48,941‌

Colfax

Corp

(d)

1,534,693‌

70,412‌

$

119,353‌

Media

-

4

.00

%

Liberty

Broadband

Corp

-

A

Shares

(d)

682,269‌

117,125‌

Liberty

Broadband

Corp

-

C

Shares

(d)

3,506,314‌

622,336‌

Liberty

Media

Corp-Liberty

Formula

One

-

A

Shares

(d)

509,148‌

21,109‌

Liberty

Media

Corp-Liberty

Formula

One

-

C

Shares

(d)

4,255,080‌

199,691‌

Liberty

Media

Corp-Liberty

SiriusXM

-

A

Shares

(d)

22,391‌

1,046‌

Liberty

Media

Corp-Liberty

SiriusXM

-

C

Shares

(d)

36,306‌

1,677‌

$

962,984‌

Private

Equity

-

8

.85

%

Ares

Management

Corp

1,140,891‌

81,699‌

Brookfield

Asset

Management

Inc

(e)

21,042,866‌

1,136,104‌

KKR

&

Co

Inc

10,933,038‌

697,091‌

Onex

Corp

2,830,677‌

215,584‌

$

2,130,478‌

Real

Estate

-

2

.67

%

CBRE

Group

Inc

(d)

3,820,372‌

368,513‌

Howard

Hughes

Corp/The

(d)

1,936,293‌

179,514‌

Kennedy-Wilson

Holdings

Inc

4,715,055‌

95,197‌

$

643,224‌

REITs

-

2

.79

%

SBA

Communications

Corp

1,971,439‌

672,241‌

Retail

-

10

.47

%

Cannae

Holdings

Inc

(d)

645,958‌

21,478‌

CarMax

Inc

(d)

6,107,811‌

818,141‌

Dollar

General

Corp

1,179,654‌

274,435‌

Domino's

Pizza

Inc

812,762‌

427,098‌

O'Reilly

Automotive

Inc

(d)

1,076,326‌

649,929‌

Restaurant

Brands

International

Inc

2,684,271‌

183,040‌

Ross

Stores

Inc

1,192,329‌

146,287‌

$

2,520,408‌

Semiconductors

-

1

.51

%

Microchip

Technology

Inc

2,545,098‌

364,254‌

Software

-

14

.94

%

ANSYS

Inc

(d)

1,083,825‌

399,346‌

Autodesk

Inc

(d)

2,251,125‌

722,904‌

Black

Knight

Inc

(d)

6,522,197‌

540,103‌

Guidewire

Software

Inc

(d)

3,528,087‌

406,435‌

HubSpot

Inc

(d)

141,656‌

84,430‌

MSCI

Inc

435,210‌

259,368‌

Qualtrics

International

Inc

(d)

759,763‌

31,705‌

Roper

Technologies

Inc

1,064,010‌

522,791‌

Schedule

of

Investments

MidCap

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

139

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Software

(continued)

Tyler

Technologies

Inc

(d)

1,274,138‌

$

627,691‌

$

3,594,773‌

TOTAL

COMMON

STOCKS

$

24,073,163‌

Total

Investments

$

24,078,142‌

Other

Assets

and

Liabilities

-  (0.03)%

(

8,108‌

)

TOTAL

NET

ASSETS

-

100.00%

$

24,070,034‌

(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

$78

or

0.00%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

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,

the

value

of

these

securities

totaled

$76

or

0.00%

of

net

assets.

Portfolio

Summary  (unaudited)

Sector

Percent

Consumer,

Cyclical

24

.42‌

%

Financial

23

.26‌

%

Technology

16

.45‌

%

Consumer,

Non-cyclical

12

.57‌

%

Industrial

12

.01‌

%

Communications

8

.37‌

%

Utilities

2

.23‌

%

Basic

Materials

0

.55‌

%

Diversified

0

.15‌

%

Money

Market

Funds

0

.02‌

%

Other

Assets

and

Liabilities

(

0

.03‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Everarc

Holdings

Ltd

$

37,416‌

$

—‌

$

—‌

$

36,058‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

2‌

689,562‌

684,663‌

4,901‌

$

37,418‌

$

689,562‌

$

684,663‌

$

40,959‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Everarc

Holdings

Ltd

$

—‌

$

—‌

$

—‌

$

(

1,358‌

)

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

—‌

—‌

—‌

—‌

$

—‌

$

—‌

$

—‌

$

(

1,358‌

)

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

MidCap

Growth

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

140

INVESTMENT

COMPANIES

-

0

.32

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

0

.32

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(a),(b)

10‌

$

—‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(c),(d)

937,206‌

937‌

$

937‌

TOTAL

INVESTMENT

COMPANIES

$

937‌

COMMON

STOCKS

-

96

.87

%

Shares

Held

Value

(000's)

Advertising

-

1

.82

%

Trade

Desk

Inc/The

(d)

64,847‌

$

5,312‌

Aerospace

&

Defense

-

1

.44

%

Spirit

AeroSystems

Holdings

Inc

97,630‌

4,219‌

Airlines

-

0

.99

%

Southwest

Airlines

Co

(d)

56,922‌

2,876‌

Apparel

-

6

.68

%

Crocs

Inc

(d)

49,218‌

6,684‌

Deckers

Outdoor

Corp

(d)

11,727‌

4,818‌

Tapestry

Inc

(d)

82,537‌

3,492‌

VF

Corp

56,138‌

4,502‌

$

19,496‌

Banks

-

3

.20

%

Signature

Bank/New

York

NY

10,775‌

2,446‌

SVB

Financial

Group

(d)

12,554‌

6,904‌

$

9,350‌

Biotechnology

-

6

.16

%

Bio-Rad

Laboratories

Inc

(d)

7,163‌

5,297‌

Horizon

Therapeutics

Plc

(d)

85,172‌

8,519‌

Maravai

LifeSciences

Holdings

Inc

(d)

94,804‌

4,168‌

$

17,984‌

Building

Materials

-

1

.44

%

Vulcan

Materials

Co

23,316‌

4,197‌

Chemicals

-

3

.76

%

Albemarle

Corp

25,839‌

5,324‌

Element

Solutions

Inc

242,415‌

5,670‌

$

10,994‌

Commercial

Services

-

0

.99

%

Cintas

Corp

7,357‌

2,900‌

Computers

-

3

.17

%

Crowdstrike

Holdings

Inc

(d)

17,380‌

4,408‌

Zscaler

Inc

(d)

20,552‌

4,848‌

$

9,256‌

Cosmetics

&

Personal

Care

-

1

.68

%

Coty

Inc

(d)

560,932‌

4,897‌

Distribution

&

Wholesale

-

1

.87

%

LKQ

Corp

(d)

107,712‌

5,466‌

Diversified

Financial

Services

-

2

.07

%

Alliance

Data

Systems

Corp

15,291‌

1,426‌

OneMain

Holdings

Inc

75,959‌

4,633‌

$

6,059‌

Electrical

Components

&

Equipment

-

1

.01

%

Littelfuse

Inc

11,089‌

2,950‌

Electronics

-

1

.83

%

Trimble

Inc

(d)

62,577‌

5,350‌

Energy

-

Alternate

Sources

-

1

.34

%

Enphase

Energy

Inc

(d)

20,702‌

3,925‌

Healthcare

-

Products

-

8

.95

%

Align

Technology

Inc

(d)

10,057‌

6,998‌

Avantor

Inc

(d)

143,733‌

5,401‌

IDEXX

Laboratories

Inc

(d)

8,377‌

5,684‌

Inspire

Medical

Systems

Inc

(d)

16,725‌

3,063‌

Omnicell

Inc

(d)

34,020‌

4,984‌

$

26,130‌

Healthcare

-

Services

-

1

.28

%

Community

Health

Systems

Inc

(d)

280,419‌

3,735‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Internet

-

8

.75

%

Chewy

Inc

(d)

37,393‌

$

3,130‌

Match

Group

Inc

(d)

17,342‌

2,762‌

Palo

Alto

Networks

Inc

(d)

10,743‌

4,287‌

Snap

Inc

Class

A

(d)

105,592‌

7,858‌

Zendesk

Inc

(d)

57,672‌

7,528‌

$

25,565‌

Machinery

-

Diversified

-

4

.40

%

Chart

Industries

Inc

(d)

24,741‌

3,846‌

CNH

Industrial

NV

164,630‌

2,772‌

Middleby

Corp/The

(d)

32,490‌

6,222‌

$

12,840‌

Oil

&

Gas

-

1

.61

%

EOG

Resources

Inc

64,448‌

4,696‌

Pharmaceuticals

-

2

.73

%

AmerisourceBergen

Corp

35,713‌

4,363‌

Dexcom

Inc

(d)

7,017‌

3,617‌

$

7,980‌

Retail

-

4

.10

%

Five

Below

Inc

(d)

21,674‌

4,214‌

Floor

&

Decor

Holdings

Inc

(d)

28,875‌

3,523‌

Lululemon

Athletica

Inc

(d)

10,591‌

4,238‌

$

11,975‌

Semiconductors

-

9

.68

%

Ambarella

Inc

(d)

50,594‌

4,983‌

Cree

Inc

(d)

31,411‌

2,914‌

Marvell

Technology

Inc

112,089‌

6,783‌

MKS

Instruments

Inc

26,050‌

4,075‌

NXP

Semiconductors

NV

18,717‌

3,863‌

Qorvo

Inc

(d)

29,739‌

5,638‌

$

28,256‌

Software

-

9

.17

%

Dynatrace

Inc

(d)

58,761‌

3,753‌

HubSpot

Inc

(d)

8,610‌

5,132‌

Manhattan

Associates

Inc

(d)

42,433‌

6,774‌

RingCentral

Inc

(d)

9,034‌

2,414‌

Synopsys

Inc

(d)

16,188‌

4,662‌

Veeva

Systems

Inc

(d)

12,140‌

4,039‌

$

26,774‌

Telecommunications

-

5

.71

%

Arista

Networks

Inc

(d)

16,543‌

6,293‌

CommScope

Holding

Co

Inc

(d)

251,544‌

5,323‌

Motorola

Solutions

Inc

22,581‌

5,056‌

$

16,672‌

Toys,

Games

&

Hobbies

-

1

.04

%

Mattel

Inc

(d)

139,370‌

3,027‌

TOTAL

COMMON

STOCKS

$

282,881‌

Total

Investments

$

283,818‌

Other

Assets

and

Liabilities

-  2.81%

8,201‌

TOTAL

NET

ASSETS

-

100.00%

$

292,019‌

(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,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(d)

Non-income

producing

security

Schedule

of

Investments

MidCap

Growth

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

141

Portfolio

Summary  (unaudited)

Sector

Percent

Technology

22

.02‌

%

Consumer,

Non-cyclical

21

.79‌

%

Communications

16

.28‌

%

Consumer,

Cyclical

14

.68‌

%

Industrial

10

.12‌

%

Financial

5

.27‌

%

Basic

Materials

3

.76‌

%

Energy

2

.95‌

%

Money

Market

Funds

0

.32‌

%

Other

Assets

and

Liabilities

2

.81‌

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

4,694‌

$

112,902‌

$

116,659‌

$

937‌

$

4,694‌

$

112,902‌

$

116,659‌

$

937‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

MidCap

Growth

Fund

III

July

31,

2021

(unaudited)

See

accompanying

notes.

142

INVESTMENT

COMPANIES

-

3

.21

%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0

.21

%

iShares

Russell

Mid-Cap

Growth

ETF

(a)

22,067‌

$

2,522‌

Money

Market

Funds

-

3

.00

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(b),(c)

2,809,186‌

2,809‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(b),(d),(e)

32,750,544‌

32,751‌

$

35,560‌

TOTAL

INVESTMENT

COMPANIES

$

38,082‌

COMMON

STOCKS

-

97

.13

%

Shares

Held

Value

(000's)

Advertising

-

0

.08

%

Trade

Desk

Inc/The

(e)

11,971‌

$

981‌

Aerospace

&

Defense

-

1

.21

%

HEICO

Corp

67,418‌

9,118‌

HEICO

Corp

-

Class

A

708‌

86‌

Howmet

Aerospace

Inc

809‌

27‌

L3Harris

Technologies

Inc

21,055‌

4,774‌

Spirit

AeroSystems

Holdings

Inc

853‌

37‌

TransDigm

Group

Inc

(e)

415‌

266‌

$

14,308‌

Agriculture

-

0

.00

%

Darling

Ingredients

Inc

(e)

239‌

16‌

Airlines

-

0

.06

%

Delta

Air

Lines

Inc

(e)

17,857‌

712‌

Apparel

-

0

.57

%

Columbia

Sportswear

Co

69‌

7‌

Deckers

Outdoor

Corp

(e)

15,018‌

6,170‌

Hanesbrands

Inc

5,795‌

106‌

Skechers

USA

Inc

(e)

412‌

22‌

Tapestry

Inc

(e)

779‌

33‌

VF

Corp

5,817‌

466‌

$

6,804‌

Automobile

Manufacturers

-

0

.00

%

TuSimple

Holdings

Inc

(a),(e)

116‌

4‌

Automobile

Parts

&

Equipment

-

0

.43

%

Allison

Transmission

Holdings

Inc

2,309‌

92‌

Aptiv

PLC

(e)

30,039‌

5,012‌

QuantumScape

Corp

(a),(e)

2,319‌

53‌

$

5,157‌

Banks

-

0

.75

%

Citizens

Financial

Group

Inc

2,101‌

89‌

Pinnacle

Financial

Partners

Inc

96,798‌

8,674‌

Synovus

Financial

Corp

304‌

12‌

Western

Alliance

Bancorp

1,481‌

138‌

$

8,913‌

Beverages

-

0

.96

%

Boston

Beer

Co

Inc/The

(e)

261‌

186‌

Brown-Forman

Corp

-

A

Shares

631‌

42‌

Brown-Forman

Corp

-

B

Shares

2,542‌

180‌

Constellation

Brands

Inc

26,393‌

5,921‌

Monster

Beverage

Corp

(e)

53,041‌

5,003‌

$

11,332‌

Biotechnology

-

2

.65

%

Acceleron

Pharma

Inc

(e)

21,911‌

2,740‌

Alnylam

Pharmaceuticals

Inc

(e)

14,665‌

2,624‌

Certara

Inc

(e)

532‌

14‌

Corteva

Inc

98,440‌

4,211‌

CureVac

NV

(a),(e)

1,483‌

73‌

Exact

Sciences

Corp

(e)

22,306‌

2,406‌

Exelixis

Inc

(e)

7,400‌

125‌

Guardant

Health

Inc

(e)

21,430‌

2,354‌

Horizon

Therapeutics

Plc

(e)

52,015‌

5,202‌

Incyte

Corp

(e)

4,418‌

342‌

Ionis

Pharmaceuticals

Inc

(e)

3,607‌

134‌

Iovance

Biotherapeutics

Inc

(e)

1,233‌

27‌

Maravai

LifeSciences

Holdings

Inc

(e)

2,107‌

93‌

Mirati

Therapeutics

Inc

(e)

914‌

146‌

Moderna

Inc

(e)

17,094‌

6,044‌

Novavax

Inc

(e)

2,062‌

370‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Biotechnology

(continued)

Royalty

Pharma

PLC

5,378‌

$

205‌

Seagen

Inc

(e)

27,413‌

4,205‌

Ultragenyx

Pharmaceutical

Inc

(e)

1,339‌

107‌

$

31,422‌

Building

Materials

-

1

.83

%

Armstrong

World

Industries

Inc

641‌

69‌

AZEK

Co

Inc/The

(e)

1,674‌

61‌

Carrier

Global

Corp

11,372‌

628‌

Fortune

Brands

Home

&

Security

Inc

67,549‌

6,584‌

Louisiana-Pacific

Corp

207‌

12‌

Martin

Marietta

Materials

Inc

15,725‌

5,713‌

Trex

Co

Inc

(e)

89,328‌

8,674‌

$

21,741‌

Chemicals

-

0

.55

%

Albemarle

Corp

25,712‌

5,298‌

Axalta

Coating

Systems

Ltd

(e)

1,032‌

31‌

Celanese

Corp

1,145‌

178‌

Chemours

Co/The

2,367‌

79‌

Diversey

Holdings

Ltd

(e)

1,105‌

19‌

FMC

Corp

910‌

97‌

LyondellBasell

Industries

NV

903‌

90‌

Olin

Corp

305‌

14‌

PPG

Industries

Inc

2,791‌

457‌

RPM

International

Inc

2,083‌

180‌

W

R

Grace

&

Co

1,571‌

109‌

Westlake

Chemical

Corp

185‌

15‌

$

6,567‌

Commercial

Services

-

6

.95

%

Avalara

Inc

(e)

2,367‌

396‌

Booz

Allen

Hamilton

Holding

Corp

41,576‌

3,567‌

Bright

Horizons

Family

Solutions

Inc

(e)

1,354‌

202‌

Chegg

Inc

(e)

2,983‌

264‌

Cintas

Corp

2,334‌

920‌

CoStar

Group

Inc

(e)

106,520‌

9,464‌

Equifax

Inc

1,294‌

337‌

Euronet

Worldwide

Inc

(e)

63,603‌

9,084‌

FleetCor

Technologies

Inc

(e)

27,242‌

7,035‌

Gartner

Inc

(e)

2,340‌

620‌

Global

Payments

Inc

33,513‌

6,482‌

H&R

Block

Inc

4,083‌

100‌

MarketAxess

Holdings

Inc

12,876‌

6,118‌

Moody's

Corp

12,483‌

4,694‌

Morningstar

Inc

591‌

149‌

Paylocity

Holding

Corp

(e)

1,047‌

217‌

Ritchie

Bros

Auctioneers

Inc

97,815‌

5,843‌

Robert

Half

International

Inc

2,691‌

264‌

Rollins

Inc

5,881‌

225‌

Sabre

Corp

(e)

8,863‌

105‌

Shift4

Payments

Inc

(e)

1,199‌

107‌

StoneCo

Ltd

(e)

5,752‌

338‌

TransUnion

158,491‌

19,029‌

United

Rentals

Inc

(e)

18,728‌

6,172‌

Verisk

Analytics

Inc

2,826‌

537‌

WEX

Inc

(e)

837‌

159‌

$

82,428‌

Computers

-

3

.83

%

Crowdstrike

Holdings

Inc

(e)

56,831‌

14,413‌

EPAM

Systems

Inc

(e)

25,812‌

14,449‌

Fortinet

Inc

(e)

3,742‌

1,019‌

Genpact

Ltd

256‌

13‌

Globant

SA

(e)

24,407‌

5,837‌

HP

Inc

12,095‌

349‌

McAfee

Corp

987‌

27‌

NCR

Corp

(e)

186,547‌

8,283‌

NetApp

Inc

4,122‌

328‌

Pure

Storage

Inc

(e)

6,969‌

136‌

Zscaler

Inc

(e)

2,160‌

509‌

$

45,363‌

Schedule

of

Investments

MidCap

Growth

Fund

III

July

31,

2021

(unaudited)

See

accompanying

notes.

143

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Consumer

Products

-

0

.07

%

Avery

Dennison

Corp

1,227‌

$

258‌

Church

&

Dwight

Co

Inc

364‌

32‌

Clorox

Co/The

2,816‌

509‌

$

799‌

Distribution

&

Wholesale

-

5

.12

%

Copart

Inc

(e)

89,872‌

13,211‌

Fastenal

Co

165,145‌

9,045‌

IAA

Inc

(e)

66,308‌

4,010‌

Leslie's

Inc

(e)

2,697‌

66‌

Pool

Corp

57,878‌

27,655‌

SiteOne

Landscape

Supply

Inc

(e)

641‌

112‌

WW

Grainger

Inc

14,786‌

6,574‌

$

60,673‌

Diversified

Financial

Services

-

0

.95

%

Ameriprise

Financial

Inc

1,820‌

469‌

Apollo

Global

Management

Inc

4,986‌

293‌

Credit

Acceptance

Corp

(e)

20‌

10‌

Discover

Financial

Services

4,682‌

582‌

LPL

Financial

Holdings

Inc

64,757‌

9,134‌

Raymond

James

Financial

Inc

175‌

23‌

Rocket

Cos

Inc

3,779‌

65‌

Synchrony

Financial

3,031‌

142‌

T

Rowe

Price

Group

Inc

2,083‌

425‌

Upstart

Holdings

Inc

(e)

343‌

41‌

UWM

Holdings

Corp

(a)

572‌

4‌

Western

Union

Co/The

2,827‌

66‌

$

11,254‌

Electric

-

0

.01

%

Brookfield

Renewable

Corp

895‌

38‌

NRG

Energy

Inc

3,085‌

127‌

$

165‌

Electrical

Components

&

Equipment

-

1

.63

%

Generac

Holdings

Inc

(e)

39,334‌

16,495‌

Universal

Display

Corp

12,167‌

2,853‌

$

19,348‌

Electronics

-

2

.33

%

Agilent

Technologies

Inc

32,029‌

4,907‌

Allegion

plc

1,908‌

261‌

Amphenol

Corp

11,602‌

841‌

Coherent

Inc

(e)

613‌

151‌

Jabil

Inc

3,207‌

191‌

Keysight

Technologies

Inc

(e)

119,053‌

19,590‌

Mettler-Toledo

International

Inc

(e)

642‌

946‌

Vontier

Corp

2,555‌

83‌

Waters

Corp

(e)

1,588‌

619‌

$

27,589‌

Energy

-

Alternate

Sources

-

0

.44

%

Enphase

Energy

Inc

(e)

25,218‌

4,782‌

Plug

Power

Inc

(e)

13,981‌

381‌

$

5,163‌

Engineering

&

Construction

-

0

.02

%

Frontdoor

Inc

(e)

1,636‌

80‌

TopBuild

Corp

(e)

763‌

155‌

$

235‌

Entertainment

-

1

.03

%

Caesars

Entertainment

Inc

(e)

87,664‌

7,658‌

Churchill

Downs

Inc

1,029‌

191‌

DraftKings

Inc

(e)

8,483‌

412‌

Live

Nation

Entertainment

Inc

(e)

1,437‌

113‌

Madison

Square

Garden

Sports

Corp

(e)

202‌

33‌

Penn

National

Gaming

Inc

(e)

274‌

19‌

Six

Flags

Entertainment

Corp

(e)

825‌

34‌

Vail

Resorts

Inc

(e)

12,242‌

3,736‌

$

12,196‌

Environmental

Control

-

0

.86

%

Waste

Connections

Inc

80,600‌

10,211‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Food

-

0

.84

%

Beyond

Meat

Inc

(a),(e)

1,403‌

$

172‌

Hershey

Co/The

3,508‌

627‌

Kellogg

Co

3,122‌

198‌

Lamb

Weston

Holdings

Inc

134,999‌

9,014‌

Pilgrim's

Pride

Corp

(e)

544‌

12‌

$

10,023‌

Hand

&

Machine

Tools

-

0

.02

%

Lincoln

Electric

Holdings

Inc

1,603‌

224‌

MSA

Safety

Inc

293‌

48‌

$

272‌

Healthcare

-

Products

-

9

.68

%

10X

Genomics

Inc

(e)

2,335‌

428‌

ABIOMED

Inc

(e)

1,239‌

405‌

Adaptive

Biotechnologies

Corp

(e)

2,708‌

99‌

Align

Technology

Inc

(e)

17,023‌

11,845‌

Avantor

Inc

(e)

148,789‌

5,592‌

Bio-Techne

Corp

6,513‌

3,141‌

Bruker

Corp

2,857‌

235‌

Cooper

Cos

Inc/The

15,998‌

6,747‌

Globus

Medical

Inc

(e)

110‌

9‌

IDEXX

Laboratories

Inc

(e)

34,925‌

23,698‌

Insulet

Corp

(e)

54,357‌

15,204‌

Masimo

Corp

(e)

18,865‌

5,138‌

Natera

Inc

(e)

2,146‌

246‌

Novocure

Ltd

(e)

2,860‌

440‌

Penumbra

Inc

(a),(e)

944‌

251‌

Repligen

Corp

(e)

66,609‌

16,366‌

ResMed

Inc

62,336‌

16,943‌

STERIS

PLC

378‌

82‌

Tandem

Diabetes

Care

Inc

(e)

1,603‌

174‌

Teleflex

Inc

5,593‌

2,223‌

West

Pharmaceutical

Services

Inc

13,481‌

5,551‌

$

114,817‌

Healthcare

-

Services

-

3

.04

%

agilon

health

Inc

(e)

1,313‌

48‌

Amedisys

Inc

(e)

13,930‌

3,630‌

Catalent

Inc

(e)

83,745‌

10,034‌

Charles

River

Laboratories

International

Inc

(e)

10,077‌

4,100‌

Chemed

Corp

115‌

55‌

DaVita

Inc

(e)

1,374‌

165‌

Encompass

Health

Corp

1,562‌

130‌

ICON

PLC

(e)

47,687‌

11,601‌

IQVIA

Holdings

Inc

(e)

2,632‌

652‌

Laboratory

Corp

of

America

Holdings

(e)

8,348‌

2,472‌

Molina

Healthcare

Inc

(e)

10,243‌

2,797‌

Oak

Street

Health

Inc

(e)

2,617‌

165‌

PPD

Inc

(e)

1,830‌

84‌

Sotera

Health

Co

(e)

2,188‌

52‌

Syneos

Health

Inc

(e)

366‌

33‌

$

36,018‌

Home

Builders

-

0

.96

%

DR

Horton

Inc

86,193‌

8,225‌

Lennar

Corp

-

A

Shares

24,925‌

2,621‌

NVR

Inc

(e)

61‌

319‌

PulteGroup

Inc

2,129‌

117‌

Thor

Industries

Inc

605‌

72‌

Toll

Brothers

Inc

1,270‌

75‌

$

11,429‌

Home

Furnishings

-

0

.02

%

Tempur

Sealy

International

Inc

5,083‌

220‌

Housewares

-

0

.02

%

Scotts

Miracle-Gro

Co/The

1,147‌

203‌

Insurance

-

0

.05

%

Alleghany

Corp

(e)

42‌

28‌

Arch

Capital

Group

Ltd

(e)

2,594‌

101‌

Brown

&

Brown

Inc

380‌

21‌

Erie

Indemnity

Co

484‌

89‌

Everest

Re

Group

Ltd

251‌

63‌

Schedule

of

Investments

MidCap

Growth

Fund

III

July

31,

2021

(unaudited)

See

accompanying

notes.

144

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Insurance

(continued)

GoHealth

Inc

(e)

1,147‌

$

10‌

Lemonade

Inc

(a),(e)

110‌

10‌

Lincoln

National

Corp

804‌

50‌

Markel

Corp

(e)

63‌

76‌

RenaissanceRe

Holdings

Ltd

606‌

92‌

$

540‌

Internet

-

5

.67

%

Anaplan

Inc

(e)

76,620‌

4,382‌

Bumble

Inc

(a),(e)

47,052‌

2,394‌

CDW

Corp/DE

75,606‌

13,862‌

DoorDash

Inc

-

Class

A

(e)

2,061‌

359‌

Etsy

Inc

(e)

38,499‌

7,065‌

Expedia

Group

Inc

(e)

3,944‌

635‌

FireEye

Inc

(e)

1,918‌

39‌

GoDaddy

Inc

(e)

479‌

40‌

Lyft

Inc

(e)

7,834‌

433‌

Match

Group

Inc

(e)

7,539‌

1,201‌

NortonLifeLock

Inc

4,069‌

101‌

Okta

Inc

(e)

3,471‌

860‌

Opendoor

Technologies

Inc

(a),(e)

1,946‌

29‌

Palo

Alto

Networks

Inc

(e)

2,664‌

1,063‌

Pinterest

Inc

(e)

176,718‌

10,409‌

Proofpoint

Inc

(e)

1,585‌

277‌

Roku

Inc

(e)

3,220‌

1,379‌

Shopify

Inc

(e)

2,187‌

3,280‌

Spotify

Technology

SA

(e)

10,756‌

2,459‌

TripAdvisor

Inc

(e)

1,684‌

64‌

Twitter

Inc

(e)

2,288‌

160‌

VeriSign

Inc

(e)

37,218‌

8,053‌

Vimeo

Inc

(e)

3,221‌

144‌

Wayfair

Inc

(e)

1,169‌

282‌

Wix.com

Ltd

(e)

1,489‌

445‌

Zendesk

Inc

(e)

54,368‌

7,097‌

Zillow

Group

Inc

-

A

Shares

(e)

1,659‌

178‌

Zillow

Group

Inc

-

C

Shares

(e)

4,580‌

487‌

$

67,177‌

Iron

&

Steel

-

0

.01

%

Steel

Dynamics

Inc

1,048‌

68‌

Leisure

Products

&

Services

-

0

.62

%

Brunswick

Corp/DE

278‌

29‌

Peloton

Interactive

Inc

(e)

7,376‌

871‌

Planet

Fitness

Inc

(e)

24,767‌

1,863‌

Polaris

Inc

1,118‌

146‌

Royal

Caribbean

Cruises

Ltd

(e)

52,945‌

4,070‌

Virgin

Galactic

Holdings

Inc

(a),(e)

3,690‌

111‌

YETI

Holdings

Inc

(e)

2,389‌

230‌

$

7,320‌

Lodging

-

0

.11

%

Boyd

Gaming

Corp

(e)

488‌

28‌

Choice

Hotels

International

Inc

972‌

117‌

Hilton

Worldwide

Holdings

Inc

(e)

5,129‌

674‌

Travel

+

Leisure

Co

1,573‌

82‌

Wyndham

Hotels

&

Resorts

Inc

1,616‌

116‌

Wynn

Resorts

Ltd

(e)

2,951‌

290‌

$

1,307‌

Machinery

-

Construction

&

Mining

-

0

.03

%

BWX

Technologies

Inc

1,998‌

115‌

Vertiv

Holdings

Co

7,854‌

220‌

$

335‌

Machinery

-

Diversified

-

3

.98

%

AGCO

Corp

170‌

22‌

Cognex

Corp

94,186‌

8,515‌

Graco

Inc

113,776‌

8,883‌

IDEX

Corp

36,339‌

8,238‌

Ingersoll

Rand

Inc

(e)

169,576‌

8,287‌

Middleby

Corp/The

(e)

463‌

89‌

Nordson

Corp

278‌

63‌

Rockwell

Automation

Inc

24,722‌

7,600‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Machinery

-

Diversified

(continued)

Toro

Co/The

2,839‌

$

323‌

Westinghouse

Air

Brake

Technologies

Corp

56,565‌

4,801‌

Xylem

Inc/NY

3,295‌

415‌

$

47,236‌

Media

-

0

.06

%

Altice

USA

Inc

(e)

4,181‌

128‌

Cable

One

Inc

80‌

151‌

FactSet

Research

Systems

Inc

912‌

326‌

Nexstar

Media

Group

Inc

79‌

12‌

World

Wrestling

Entertainment

Inc

1,074‌

53‌

$

670‌

Metal

Fabrication

&

Hardware

-

1

.26

%

Advanced

Drainage

Systems

Inc

50,665‌

6,186‌

RBC

Bearings

Inc

(e)

37,138‌

8,727‌

$

14,913‌

Miscellaneous

Manufacturers

-

0

.11

%

Axon

Enterprise

Inc

(e)

1,785‌

332‌

Carlisle

Cos

Inc

549‌

111‌

Donaldson

Co

Inc

432‌

29‌

Parker-Hannifin

Corp

596‌

186‌

Trane

Technologies

PLC

3,248‌

661‌

$

1,319‌

Office

&

Business

Equipment

-

0

.07

%

Zebra

Technologies

Corp

(e)

1,487‌

822‌

Oil

&

Gas

-

0

.08

%

Cabot

Oil

&

Gas

Corp

1,304‌

21‌

Cimarex

Energy

Co

561‌

37‌

Continental

Resources

Inc/OK

187‌

6‌

Diamondback

Energy

Inc

2,391‌

185‌

Hess

Corp

526‌

40‌

Occidental

Petroleum

Corp

2,999‌

78‌

Pioneer

Natural

Resources

Co

2,690‌

391‌

Texas

Pacific

Land

Corp

164‌

245‌

$

1,003‌

Oil

&

Gas

Services

-

0

.37

%

Baker

Hughes

Co

204,058‌

4,334‌

Halliburton

Co

1,312‌

27‌

$

4,361‌

Packaging

&

Containers

-

0

.32

%

Ball

Corp

43,781‌

3,541‌

Crown

Holdings

Inc

445‌

44‌

Graphic

Packaging

Holding

Co

2,223‌

43‌

Sealed

Air

Corp

2,298‌

130‌

$

3,758‌

Pharmaceuticals

-

2

.83

%

Cardinal

Health

Inc

4,797‌

285‌

Dexcom

Inc

(e)

38,470‌

19,832‌

Herbalife

Nutrition

Ltd

(e)

494‌

25‌

Jazz

Pharmaceuticals

PLC

(e)

30,187‌

5,117‌

McKesson

Corp

16,887‌

3,442‌

Neurocrine

Biosciences

Inc

(e)

2,613‌

244‌

Sarepta

Therapeutics

Inc

(e)

2,132‌

144‌

Zoetis

Inc

21,859‌

4,431‌

$

33,520‌

Pipelines

-

0

.05

%

Cheniere

Energy

Inc

(e)

6,545‌

556‌

New

Fortress

Energy

Inc

739‌

22‌

$

578‌

Private

Equity

-

0

.02

%

Ares

Management

Corp

3,376‌

242‌

Real

Estate

-

0

.00

%

CBRE

Group

Inc

(e)

494‌

48‌

REITs

-

0

.84

%

CoreSite

Realty

Corp

929‌

128‌

Equity

LifeStyle

Properties

Inc

2,562‌

215‌

Extra

Space

Storage

Inc

327‌

57‌

Iron

Mountain

Inc

5,634‌

247‌

Lamar

Advertising

Co

2,103‌

224‌

Schedule

of

Investments

MidCap

Growth

Fund

III

July

31,

2021

(unaudited)

See

accompanying

notes.

145

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

REITs

(continued)

SBA

Communications

Corp

23,878‌

$

8,142‌

Simon

Property

Group

Inc

7,921‌

1,002‌

$

10,015‌

Retail

-

8

.80

%

AutoZone

Inc

(e)

3,473‌

5,638‌

Best

Buy

Co

Inc

1,606‌

180‌

Burlington

Stores

Inc

(e)

29,149‌

9,759‌

CarMax

Inc

(e)

391‌

52‌

Carvana

Co

(e)

2,154‌

727‌

Chipotle

Mexican

Grill

Inc

(e)

12,246‌

22,820‌

Darden

Restaurants

Inc

2,467‌

360‌

Domino's

Pizza

Inc

735‌

386‌

Five

Below

Inc

(e)

75,275‌

14,635‌

Floor

&

Decor

Holdings

Inc

(e)

119,103‌

14,532‌

Freshpet

Inc

(e)

1,139‌

167‌

GameStop

Corp

(a),(e)

1,652‌

266‌

L

Brands

Inc

3,801‌

304‌

Lithia

Motors

Inc

73‌

28‌

Lululemon

Athletica

Inc

(e)

22,309‌

8,928‌

Nordstrom

Inc

(e)

2,601‌

86‌

O'Reilly

Automotive

Inc

(e)

588‌

355‌

Petco

Health

&

Wellness

Co

Inc

(a),(e)

131‌

3‌

RH

(e)

479‌

318‌

Tractor

Supply

Co

69,971‌

12,660‌

Ulta

Beauty

Inc

(e)

15,405‌

5,173‌

Vroom

Inc

(e)

804‌

30‌

Wendy's

Co/The

4,977‌

116‌

Williams-Sonoma

Inc

43,740‌

6,635‌

Yum

China

Holdings

Inc

917‌

57‌

Yum!

Brands

Inc

708‌

93‌

$

104,308‌

Savings

&

Loans

-

0

.00

%

Sterling

Bancorp/DE

421‌

9‌

Semiconductors

-

4

.88

%

Advanced

Micro

Devices

Inc

(e)

71,618‌

7,605‌

Allegro

MicroSystems

Inc

(e)

1,435‌

39‌

Brooks

Automation

Inc

1,684‌

150‌

Entegris

Inc

3,761‌

454‌

IPG

Photonics

Corp

(e)

73‌

16‌

Lattice

Semiconductor

Corp

(e)

119,687‌

6,792‌

Marvell

Technology

Inc

99,164‌

6,000‌

Maxim

Integrated

Products

Inc

7,083‌

708‌

Microchip

Technology

Inc

115,291‌

16,501‌

MKS

Instruments

Inc

1,304‌

204‌

Monolithic

Power

Systems

Inc

38,127‌

17,129‌

ON

Semiconductor

Corp

(e)

6,399‌

250‌

Skyworks

Solutions

Inc

2,175‌

401‌

Teradyne

Inc

4,644‌

590‌

Xilinx

Inc

6,873‌

1,030‌

$

57,869‌

Software

-

18

.61

%

Alteryx

Inc

(e)

1,642‌

127‌

ANSYS

Inc

(e)

30,473‌

11,228‌

Aspen

Technology

Inc

(e)

57,959‌

8,477‌

Bentley

Systems

Inc

(a)

3,765‌

229‌

Bill.com

Holdings

Inc

(e)

2,096‌

434‌

Broadridge

Financial

Solutions

Inc

51,788‌

8,985‌

C3.ai

Inc

(e)

137‌

7‌

Cadence

Design

Systems

Inc

(e)

51,183‌

7,557‌

CDK

Global

Inc

527‌

25‌

Citrix

Systems

Inc

1,231‌

124‌

Clarivate

PLC

(e)

121,002‌

2,759‌

Cloudflare

Inc

(e)

6,621‌

785‌

Coupa

Software

Inc

(e)

13,153‌

2,854‌

Datadog

Inc

(e)

6,331‌

701‌

DocuSign

Inc

(e)

30,052‌

8,957‌

DoubleVerify

Holdings

Inc

(a),(e)

425‌

15‌

Dropbox

Inc

-

A

Shares

(e)

8,514‌

268‌

Duck

Creek

Technologies

Inc

(e)

447‌

20‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Software

(continued)

Dynatrace

Inc

(e)

4,835‌

$

309‌

Elastic

NV

(e)

35,865‌

5,311‌

Everbridge

Inc

(e)

1,050‌

148‌

Fair

Isaac

Corp

(e)

13,733‌

7,195‌

Five9

Inc

(e)

31,953‌

6,432‌

HubSpot

Inc

(e)

1,246‌

743‌

Jack

Henry

&

Associates

Inc

539‌

94‌

Jamf

Holding

Corp

(e)

1,251‌

41‌

Manhattan

Associates

Inc

(e)

943‌

151‌

Medallia

Inc

(e)

1,583‌

54‌

MongoDB

Inc

(e)

1,478‌

530‌

MSCI

Inc

38,799‌

23,122‌

nCino

Inc

(e)

1,313‌

83‌

New

Relic

Inc

(e)

1,529‌

106‌

Nuance

Communications

Inc

(e)

3,024‌

166‌

Nutanix

Inc

(e)

5,379‌

194‌

Palantir

Technologies

Inc

(e)

45,391‌

985‌

Paychex

Inc

7,848‌

893‌

Paycom

Software

Inc

(e)

32,498‌

12,999‌

Pegasystems

Inc

1,076‌

137‌

Playtika

Holding

Corp

(e)

2,126‌

47‌

PTC

Inc

(e)

100,080‌

13,556‌

RingCentral

Inc

(e)

32,419‌

8,665‌

ServiceNow

Inc

(e)

3,596‌

2,114‌

Skillz

Inc

(a),(e)

8,225‌

116‌

Smartsheet

Inc

(e)

3,356‌

243‌

Splunk

Inc

(e)

44,091‌

6,260‌

Synopsys

Inc

(e)

81,226‌

23,392‌

Take-Two

Interactive

Software

Inc

(e)

47,506‌

8,238‌

Teradata

Corp

(e)

2,597‌

129‌

Tyler

Technologies

Inc

(e)

44,289‌

21,819‌

Unity

Software

Inc

(e)

4,110‌

440‌

Veeva

Systems

Inc

(e)

56,762‌

18,885‌

Workday

Inc

(e)

14,559‌

3,413‌

Zynga

Inc

(e)

13,280‌

134‌

$

220,696‌

Telecommunications

-

0

.09

%

Arista

Networks

Inc

(e)

1,504‌

572‌

CommScope

Holding

Co

Inc

(e)

5,605‌

119‌

Corning

Inc

7,187‌

301‌

Switch

Inc

3,201‌

66‌

Ubiquiti

Inc

163‌

51‌

$

1,109‌

Toys,

Games

&

Hobbies

-

0

.02

%

Mattel

Inc

(e)

9,739‌

211‌

Transportation

-

1

.34

%

CH

Robinson

Worldwide

Inc

726‌

65‌

Expeditors

International

of

Washington

Inc

3,426‌

439‌

JB

Hunt

Transport

Services

Inc

44,671‌

7,525‌

Kansas

City

Southern

676‌

181‌

Landstar

System

Inc

947‌

149‌

Old

Dominion

Freight

Line

Inc

26,769‌

7,205‌

XPO

Logistics

Inc

(e)

2,317‌

321‌

$

15,885‌

TOTAL

COMMON

STOCKS

$

1,151,682‌

Total

Investments

$

1,189,764‌

Other

Assets

and

Liabilities

-  (0.34)%

(

4,058‌

)

TOTAL

NET

ASSETS

-

100.00%

$

1,185,706‌

(a)

Security

or

a

portion

of

the

security

was

on

loan.  At

the

end

of

the

period,

the

value

of

these

securities

totaled

$2,731

or

0.23%

of

net

assets.

(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

$2,809

or

0.24%

of

net

assets.

Schedule

of

Investments

MidCap

Growth

Fund

III

July

31,

2021

(unaudited)

See

accompanying

notes.

146

(d)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(e)

Non-income

producing

security

Portfolio

Summary  (unaudited)

Sector

Percent

Technology

27

.39‌

%

Consumer,

Non-cyclical

27

.02‌

%

Consumer,

Cyclical

17

.76‌

%

Industrial

14

.94‌

%

Communications

5

.90‌

%

Money

Market

Funds

3

.00‌

%

Financial

2

.61‌

%

Energy

0

.94‌

%

Basic

Materials

0

.56‌

%

Investment

Companies

0

.21‌

%

Utilities

0

.01‌

%

Other

Assets

and

Liabilities

(

0

.34‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

18,201‌

$

312,215‌

$

297,665‌

$

32,751‌

$

18,201‌

$

312,215‌

$

297,665‌

$

32,751‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

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)

S&P

Mid

400

Emini;

September

2021

Long

13‌

$

3,508‌

$

44‌

Total

$

44‌

Amounts

in

thousands

except

contracts.

Schedule

of

Investments

MidCap

S&P

400

Index

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

147

INVESTMENT

COMPANIES

-

2

.65

%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0

.16

%

iShares

Core

S&P

Mid-Cap

ETF

8,000‌

$

2,158‌

Money

Market

Funds

-

2

.49

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(a),(b)

30,752‌

30‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(c),(d)

34,802,809‌

34,803‌

$

34,833‌

TOTAL

INVESTMENT

COMPANIES

$

36,991‌

COMMON

STOCKS

-

97

.28

%

Shares

Held

Value

(000's)

Aerospace

&

Defense

-

0

.34

%

Hexcel

Corp

(d)

48,442‌

$

2,636‌

Mercury

Systems

Inc

(d)

32,476‌

2,144‌

$

4,780‌

Agriculture

-

0

.47

%

Darling

Ingredients

Inc

(d)

94,355‌

6,517‌

Airlines

-

0

.19

%

JetBlue

Airways

Corp

(d)

183,097‌

2,708‌

Apparel

-

1

.90

%

Capri

Holdings

Ltd

(d)

87,506‌

4,928‌

Carter's

Inc

25,419‌

2,484‌

Columbia

Sportswear

Co

17,677‌

1,761‌

Crocs

Inc

(d)

37,720‌

5,123‌

Deckers

Outdoor

Corp

(d)

16,084‌

6,608‌

Skechers

USA

Inc

(d)

77,587‌

4,165‌

Urban

Outfitters

Inc

(d)

39,755‌

1,478‌

$

26,547‌

Automobile

Parts

&

Equipment

-

1

.64

%

Adient

PLC

(d)

54,476‌

2,295‌

Dana

Inc

83,929‌

2,028‌

Fox

Factory

Holding

Corp

(d)

24,266‌

3,920‌

Gentex

Corp

139,672‌

4,753‌

Goodyear

Tire

&

Rubber

Co/The

(d)

161,361‌

2,535‌

Lear

Corp

31,646‌

5,537‌

Visteon

Corp

(d)

16,169‌

1,844‌

$

22,912‌

Banks

-

6

.19

%

Associated

Banc-Corp

88,363‌

1,750‌

BancorpSouth

Bank

55,795‌

1,439‌

Bank

of

Hawaii

Corp

23,358‌

1,955‌

Bank

OZK

69,903‌

2,846‌

Cathay

General

Bancorp

43,305‌

1,640‌

CIT

Group

Inc

57,285‌

2,763‌

Commerce

Bancshares

Inc/MO

60,909‌

4,308‌

Cullen/Frost

Bankers

Inc

32,703‌

3,510‌

East

West

Bancorp

Inc

82,033‌

5,837‌

First

Financial

Bankshares

Inc

82,279‌

4,018‌

First

Horizon

Corp

319,417‌

4,935‌

FNB

Corp/PA

184,688‌

2,117‌

Fulton

Financial

Corp

94,027‌

1,440‌

Glacier

Bancorp

Inc

55,228‌

2,848‌

Hancock

Whitney

Corp

50,194‌

2,194‌

Home

BancShares

Inc/AR

87,696‌

1,857‌

International

Bancshares

Corp

32,242‌

1,260‌

PacWest

Bancorp

67,608‌

2,692‌

Pinnacle

Financial

Partners

Inc

44,003‌

3,943‌

Prosperity

Bancshares

Inc

53,743‌

3,665‌

Signature

Bank/New

York

NY

33,322‌

7,563‌

Synovus

Financial

Corp

85,930‌

3,515‌

Texas

Capital

Bancshares

Inc

(d)

29,248‌

1,842‌

Trustmark

Corp

36,663‌

1,101‌

UMB

Financial

Corp

25,141‌

2,353‌

Umpqua

Holdings

Corp

127,578‌

2,407‌

United

Bankshares

Inc/WV

77,581‌

2,680‌

Valley

National

Bancorp

234,707‌

3,025‌

Webster

Financial

Corp

52,286‌

2,515‌

Wintrust

Financial

Corp

32,983‌

2,355‌

$

86,373‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Beverages

-

0

.27

%

Boston

Beer

Co

Inc/The

(d)

5,377‌

$

3,818‌

Biotechnology

-

1

.41

%

Arrowhead

Pharmaceuticals

Inc

(d)

60,188‌

4,170‌

Emergent

BioSolutions

Inc

(d)

26,338‌

1,736‌

Exelixis

Inc

(d)

181,217‌

3,053‌

Halozyme

Therapeutics

Inc

(d)

77,395‌

3,199‌

Ligand

Pharmaceuticals

Inc

(d)

9,629‌

1,093‌

Nektar

Therapeutics

(d)

105,422‌

1,665‌

United

Therapeutics

Corp

(d)

25,903‌

4,713‌

$

19,629‌

Building

Materials

-

2

.68

%

Builders

FirstSource

Inc

(d)

119,776‌

5,330‌

Eagle

Materials

Inc

24,506‌

3,463‌

Lennox

International

Inc

19,879‌

6,549‌

Louisiana-Pacific

Corp

59,129‌

3,278‌

MDU

Resources

Group

Inc

116,341‌

3,690‌

Owens

Corning

60,407‌

5,809‌

Simpson

Manufacturing

Co

Inc

25,114‌

2,825‌

Trex

Co

Inc

(d)

66,710‌

6,478‌

$

37,422‌

Chemicals

-

2

.02

%

Ashland

Global

Holdings

Inc

31,595‌

2,688‌

Cabot

Corp

32,750‌

1,803‌

Chemours

Co/The

95,715‌

3,182‌

Ingevity

Corp

(d)

23,148‌

1,966‌

Minerals

Technologies

Inc

19,505‌

1,565‌

NewMarket

Corp

4,234‌

1,338‌

Olin

Corp

82,855‌

3,897‌

RPM

International

Inc

74,891‌

6,485‌

Sensient

Technologies

Corp

24,449‌

2,131‌

Valvoline

Inc

104,711‌

3,213‌

$

28,268‌

Commercial

Services

-

3

.87

%

ASGN

Inc

(d)

30,763‌

3,111‌

Avis

Budget

Group

Inc

(d)

29,894‌

2,474‌

Brink's

Co/The

28,770‌

2,214‌

FTI

Consulting

Inc

(d)

19,789‌

2,883‌

Graham

Holdings

Co

2,336‌

1,553‌

Grand

Canyon

Education

Inc

(d)

26,800‌

2,475‌

H&R

Block

Inc

104,915‌

2,576‌

HealthEquity

Inc

(d)

48,213‌

3,567‌

Insperity

Inc

20,798‌

2,060‌

John

Wiley

&

Sons

Inc

25,178‌

1,480‌

LiveRamp

Holdings

Inc

(d)

39,560‌

1,583‌

ManpowerGroup

Inc

31,531‌

3,739‌

Paylocity

Holding

Corp

(d)

21,737‌

4,510‌

PROG

Holdings

Inc

38,946‌

1,705‌

Progyny

Inc

(d)

21,499‌

1,197‌

R1

RCM

Inc

(d)

79,924‌

1,711‌

Sabre

Corp

(d)

184,732‌

2,178‌

Service

Corp

International/US

97,230‌

6,076‌

Strategic

Education

Inc

14,254‌

1,130‌

WEX

Inc

(d)

25,871‌

4,908‌

WW

International

Inc

(d)

27,738‌

853‌

$

53,983‌

Computers

-

2

.02

%

CACI

International

Inc

(d)

13,619‌

3,636‌

Genpact

Ltd

100,736‌

5,018‌

KBR

Inc

81,733‌

3,163‌

Lumentum

Holdings

Inc

(d)

43,889‌

3,686‌

Maximus

Inc

35,547‌

3,164‌

NCR

Corp

(d)

75,694‌

3,361‌

NetScout

Systems

Inc

(d)

42,648‌

1,226‌

Qualys

Inc

(d)

19,466‌

1,977‌

Science

Applications

International

Corp

33,521‌

2,926‌

$

28,157‌

Consumer

Products

-

0

.23

%

Helen

of

Troy

Ltd

(d)

14,138‌

3,158‌

Schedule

of

Investments

MidCap

S&P

400

Index

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

148

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Cosmetics

&

Personal

Care

-

0

.10

%

Coty

Inc

(d)

163,914‌

$

1,431‌

Distribution

&

Wholesale

-

1

.16

%

Avient

Corp

52,794‌

2,562‌

IAA

Inc

(d)

77,923‌

4,713‌

KAR

Auction

Services

Inc

(d)

72,145‌

1,189‌

Univar

Solutions

Inc

(d)

98,066‌

2,406‌

Watsco

Inc

19,033‌

5,376‌

$

16,246‌

Diversified

Financial

Services

-

2

.67

%

Affiliated

Managers

Group

Inc

24,077‌

3,815‌

Alliance

Data

Systems

Corp

28,754‌

2,681‌

Evercore

Inc

-

Class

A

23,680‌

3,131‌

Federated

Hermes

Inc

54,099‌

1,755‌

Interactive

Brokers

Group

Inc

-

A

Shares

46,739‌

2,891‌

Janus

Henderson

Group

PLC

98,667‌

4,128‌

Jefferies

Financial

Group

Inc

115,680‌

3,839‌

LendingTree

Inc

(d)

6,388‌

1,247‌

Navient

Corp

103,806‌

2,121‌

SEI

Investments

Co

68,543‌

4,167‌

SLM

Corp

186,703‌

3,516‌

Stifel

Financial

Corp

60,770‌

4,044‌

$

37,335‌

Electric

-

1

.33

%

ALLETE

Inc

30,178‌

2,122‌

Black

Hills

Corp

36,357‌

2,459‌

Hawaiian

Electric

Industries

Inc

63,135‌

2,736‌

IDACORP

Inc

29,211‌

3,080‌

NorthWestern

Corp

29,304‌

1,817‌

OGE

Energy

Corp

115,753‌

3,907‌

PNM

Resources

Inc

49,635‌

2,399‌

$

18,520‌

Electrical

Components

&

Equipment

-

1

.32

%

Acuity

Brands

Inc

20,647‌

3,621‌

Belden

Inc

25,870‌

1,268‌

Energizer

Holdings

Inc

33,604‌

1,440‌

EnerSys

24,768‌

2,443‌

Littelfuse

Inc

14,200‌

3,777‌

Universal

Display

Corp

24,806‌

5,817‌

$

18,366‌

Electronics

-

3

.18

%

Arrow

Electronics

Inc

(d)

42,889‌

5,085‌

Avnet

Inc

57,538‌

2,378‌

Coherent

Inc

(d)

14,185‌

3,489‌

Hubbell

Inc

31,409‌

6,296‌

II-VI

Inc

(d)

60,651‌

4,234‌

Jabil

Inc

77,440‌

4,611‌

National

Instruments

Corp

76,103‌

3,357‌

nVent

Electric

PLC

96,962‌

3,065‌

SYNNEX

Corp

23,987‌

2,867‌

Vishay

Intertechnology

Inc

76,742‌

1,698‌

Vontier

Corp

97,608‌

3,158‌

Woodward

Inc

33,904‌

4,121‌

$

44,359‌

Energy

-

Alternate

Sources

-

1

.21

%

First

Solar

Inc

(d)

49,180‌

4,231‌

SolarEdge

Technologies

Inc

(d)

30,055‌

7,799‌

Sunrun

Inc

(d)

93,160‌

4,935‌

$

16,965‌

Engineering

&

Construction

-

1

.35

%

AECOM

(d)

84,654‌

5,330‌

Dycom

Industries

Inc

(d)

17,798‌

1,235‌

EMCOR

Group

Inc

31,548‌

3,843‌

Fluor

Corp

(d)

72,739‌

1,212‌

MasTec

Inc

(d)

32,658‌

3,306‌

TopBuild

Corp

(d)

19,118‌

3,875‌

$

18,801‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Entertainment

-

0

.87

%

Churchill

Downs

Inc

20,048‌

$

3,725‌

Cinemark

Holdings

Inc

(d)

62,903‌

977‌

Marriott

Vacations

Worldwide

Corp

(d)

24,688‌

3,638‌

Scientific

Games

Corp

(d)

32,779‌

2,023‌

Six

Flags

Entertainment

Corp

(d)

43,947‌

1,826‌

$

12,189‌

Environmental

Control

-

0

.76

%

Clean

Harbors

Inc

(d)

29,029‌

2,758‌

Stericycle

Inc

(d)

53,061‌

3,743‌

Tetra

Tech

Inc

31,319‌

4,182‌

$

10,683‌

Food

-

1

.55

%

Flowers

Foods

Inc

113,859‌

2,683‌

Grocery

Outlet

Holding

Corp

(d)

50,362‌

1,668‌

Hain

Celestial

Group

Inc/The

(d)

47,285‌

1,887‌

Ingredion

Inc

38,729‌

3,401‌

Lancaster

Colony

Corp

11,309‌

2,238‌

Pilgrim's

Pride

Corp

(d)

28,181‌

624‌

Post

Holdings

Inc

(d)

34,220‌

3,502‌

Sanderson

Farms

Inc

11,493‌

2,147‌

Sprouts

Farmers

Market

Inc

(d)

68,309‌

1,679‌

Tootsie

Roll

Industries

Inc

10,178‌

350‌

TreeHouse

Foods

Inc

(d)

32,510‌

1,443‌

$

21,622‌

Food

Service

-

0

.08

%

Healthcare

Services

Group

Inc

43,206‌

1,128‌

Gas

-

1

.23

%

National

Fuel

Gas

Co

52,722‌

2,712‌

New

Jersey

Resources

Corp

55,710‌

2,146‌

ONE

Gas

Inc

30,790‌

2,272‌

Southwest

Gas

Holdings

Inc

33,539‌

2,345‌

Spire

Inc

29,885‌

2,120‌

UGI

Corp

120,684‌

5,550‌

$

17,145‌

Hand

&

Machine

Tools

-

0

.96

%

Kennametal

Inc

48,342‌

1,752‌

Lincoln

Electric

Holdings

Inc

34,429‌

4,800‌

MSA

Safety

Inc

21,063‌

3,465‌

Regal

Beloit

Corp

23,495‌

3,459‌

$

13,476‌

Healthcare

-

Products

-

4

.78

%

Bio-Techne

Corp

22,489‌

10,845‌

Envista

Holdings

Corp

(d)

92,969‌

4,005‌

Globus

Medical

Inc

(d)

44,873‌

3,732‌

Haemonetics

Corp

(d)

29,464‌

1,791‌

Hill-Rom

Holdings

Inc

38,434‌

5,322‌

ICU

Medical

Inc

(d)

11,411‌

2,320‌

Integra

LifeSciences

Holdings

Corp

(d)

41,068‌

2,973‌

LivaNova

PLC

(d)

28,252‌

2,438‌

Masimo

Corp

(d)

29,260‌

7,970‌

Neogen

Corp

(d)

62,105‌

2,705‌

NuVasive

Inc

(d)

29,866‌

1,910‌

Patterson

Cos

Inc

50,293‌

1,566‌

Penumbra

Inc

(d),(e)

19,620‌

5,223‌

Quidel

Corp

(d)

22,391‌

3,168‌

Repligen

Corp

(d)

29,526‌

7,254‌

STAAR

Surgical

Co

(d)

27,117‌

3,469‌

$

66,691‌

Healthcare

-

Services

-

3

.08

%

Acadia

Healthcare

Co

Inc

(d)

51,892‌

3,203‌

Amedisys

Inc

(d)

18,836‌

4,909‌

Chemed

Corp

9,224‌

4,391‌

Encompass

Health

Corp

57,561‌

4,792‌

LHC

Group

Inc

(d)

18,311‌

3,940‌

Medpace

Holdings

Inc

(d)

16,016‌

2,818‌

Molina

Healthcare

Inc

(d)

33,770‌

9,220‌

Syneos

Health

Inc

(d)

58,554‌

5,250‌

Schedule

of

Investments

MidCap

S&P

400

Index

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

149

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Healthcare

-

Services

(continued)

Tenet

Healthcare

Corp

(d)

61,752‌

$

4,436‌

$

42,959‌

Home

Builders

-

0

.96

%

KB

Home

51,387‌

2,181‌

Taylor

Morrison

Home

Corp

(d)

74,571‌

2,000‌

Thor

Industries

Inc

32,016‌

3,789‌

Toll

Brothers

Inc

64,922‌

3,848‌

Tri

Pointe

Homes

Inc

(d)

68,480‌

1,652‌

$

13,470‌

Home

Furnishings

-

0

.46

%

Herman

Miller

Inc

42,639‌

1,840‌

Tempur

Sealy

International

Inc

105,917‌

4,583‌

$

6,423‌

Housewares

-

0

.30

%

Scotts

Miracle-Gro

Co/The

23,514‌

4,161‌

Insurance

-

4

.39

%

Alleghany

Corp

(d)

8,054‌

5,341‌

American

Financial

Group

Inc/OH

39,861‌

5,042‌

Brighthouse

Financial

Inc

(d)

49,612‌

2,136‌

Brown

&

Brown

Inc

135,275‌

7,359‌

CNO

Financial

Group

Inc

76,080‌

1,738‌

Essent

Group

Ltd

65,258‌

2,948‌

First

American

Financial

Corp

63,459‌

4,271‌

Hanover

Insurance

Group

Inc/The

20,758‌

2,821‌

Kemper

Corp

35,097‌

2,317‌

Kinsale

Capital

Group

Inc

12,399‌

2,215‌

Mercury

General

Corp

15,370‌

935‌

MGIC

Investment

Corp

196,211‌

2,716‌

Old

Republic

International

Corp

163,887‌

4,041‌

Primerica

Inc

22,805‌

3,334‌

Reinsurance

Group

of

America

Inc

39,313‌

4,331‌

RenaissanceRe

Holdings

Ltd

28,704‌

4,383‌

RLI

Corp

23,003‌

2,493‌

Selective

Insurance

Group

Inc

34,709‌

2,824‌

$

61,245‌

Internet

-

0

.26

%

TripAdvisor

Inc

(d)

56,696‌

2,152‌

Yelp

Inc

(d)

40,495‌

1,514‌

$

3,666‌

Iron

&

Steel

-

1

.89

%

Cleveland-Cliffs

Inc

(d)

265,682‌

6,642‌

Commercial

Metals

Co

69,685‌

2,286‌

Reliance

Steel

&

Aluminum

Co

36,839‌

5,789‌

Steel

Dynamics

Inc

116,033‌

7,478‌

United

States

Steel

Corp

155,933‌

4,129‌

$

26,324‌

Leisure

Products

&

Services

-

1

.35

%

Brunswick

Corp/DE

45,045‌

4,703‌

Callaway

Golf

Co

(d)

67,275‌

2,131‌

Harley-Davidson

Inc

88,857‌

3,521‌

Polaris

Inc

33,289‌

4,363‌

YETI

Holdings

Inc

(d)

43,386‌

4,179‌

$

18,897‌

Lodging

-

0

.80

%

Boyd

Gaming

Corp

(d)

46,664‌

2,660‌

Choice

Hotels

International

Inc

16,707‌

2,003‌

Travel

+

Leisure

Co

49,836‌

2,581‌

Wyndham

Hotels

&

Resorts

Inc

54,008‌

3,892‌

$

11,136‌

Machinery

-

Construction

&

Mining

-

0

.48

%

Oshkosh

Corp

39,678‌

4,744‌

Terex

Corp

40,362‌

1,934‌

$

6,678‌

Machinery

-

Diversified

-

3

.85

%

AGCO

Corp

35,729‌

4,720‌

Cognex

Corp

102,125‌

9,233‌

Colfax

Corp

(d)

68,216‌

3,130‌

Crane

Co

28,709‌

2,791‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Machinery

-

Diversified

(continued)

Curtiss-Wright

Corp

23,673‌

$

2,800‌

Flowserve

Corp

75,356‌

3,172‌

Graco

Inc

97,977‌

7,650‌

Middleby

Corp/The

(d)

32,170‌

6,160‌

Nordson

Corp

31,250‌

7,067‌

Toro

Co/The

61,911‌

7,042‌

$

53,765‌

Media

-

1

.50

%

Cable

One

Inc

3,141‌

5,930‌

FactSet

Research

Systems

Inc

21,889‌

7,821‌

New

York

Times

Co/The

83,984‌

3,677‌

TEGNA

Inc

127,663‌

2,262‌

World

Wrestling

Entertainment

Inc

26,174‌

1,292‌

$

20,982‌

Metal

Fabrication

&

Hardware

-

0

.53

%

Timken

Co/The

39,544‌

3,144‌

Valmont

Industries

Inc

12,287‌

2,911‌

Worthington

Industries

Inc

20,224‌

1,294‌

$

7,349‌

Mining

-

0

.43

%

Compass

Minerals

International

Inc

19,662‌

1,348‌

Royal

Gold

Inc

37,938‌

4,610‌

$

5,958‌

Miscellaneous

Manufacturers

-

1

.72

%

Axon

Enterprise

Inc

(d)

37,404‌

6,958‌

Carlisle

Cos

Inc

30,181‌

6,104‌

Donaldson

Co

Inc

72,933‌

4,827‌

ITT

Inc

49,789‌

4,875‌

Trinity

Industries

Inc

46,787‌

1,268‌

$

24,032‌

Office

&

Business

Equipment

-

0

.16

%

Xerox

Holdings

Corp

93,236‌

2,250‌

Oil

&

Gas

-

0

.91

%

Cimarex

Energy

Co

59,460‌

3,877‌

CNX

Resources

Corp

(d)

127,372‌

1,541‌

EQT

Corp

(d)

161,396‌

2,968‌

HollyFrontier

Corp

86,418‌

2,541‌

Murphy

Oil

Corp

83,925‌

1,822‌

$

12,749‌

Oil

&

Gas

Services

-

0

.18

%

ChampionX

Corp

(d)

108,275‌

2,516‌

Packaging

&

Containers

-

0

.81

%

AptarGroup

Inc

38,000‌

4,899‌

Greif

Inc

-

Class

A

15,339‌

930‌

Silgan

Holdings

Inc

45,325‌

1,837‌

Sonoco

Products

Co

58,179‌

3,711‌

$

11,377‌

Pharmaceuticals

-

0

.79

%

Jazz

Pharmaceuticals

PLC

(d)

34,752‌

5,891‌

Neurocrine

Biosciences

Inc

(d)

54,672‌

5,096‌

$

10,987‌

Pipelines

-

0

.82

%

Antero

Midstream

Corp

165,623‌

1,573‌

DT

Midstream

Inc

56,177‌

2,382‌

Equitrans

Midstream

Corp

235,091‌

1,933‌

Targa

Resources

Corp

132,222‌

5,568‌

$

11,456‌

Real

Estate

-

0

.47

%

Jones

Lang

LaSalle

Inc

(d)

29,668‌

6,603‌

REITs

-

9

.29

%

American

Campus

Communities

Inc

79,722‌

4,011‌

Apartment

Income

REIT

Corp

90,686‌

4,774‌

Brixmor

Property

Group

Inc

171,718‌

3,953‌

Camden

Property

Trust

56,487‌

8,439‌

CoreSite

Realty

Corp

24,856‌

3,435‌

Corporate

Office

Properties

Trust

64,954‌

1,912‌

Cousins

Properties

Inc

85,960‌

3,414‌

CyrusOne

Inc

70,857‌

5,050‌

Schedule

of

Investments

MidCap

S&P

400

Index

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

150

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

REITs

(continued)

Douglas

Emmett

Inc

95,380‌

$

3,186‌

EastGroup

Properties

Inc

23,143‌

4,078‌

EPR

Properties

43,236‌

2,175‌

First

Industrial

Realty

Trust

Inc

74,670‌

4,090‌

Healthcare

Realty

Trust

Inc

81,915‌

2,611‌

Highwoods

Properties

Inc

60,172‌

2,870‌

Hudson

Pacific

Properties

Inc

87,289‌

2,379‌

JBG

SMITH

Properties

63,875‌

2,084‌

Kilroy

Realty

Corp

61,278‌

4,245‌

Lamar

Advertising

Co

50,129‌

5,344‌

Life

Storage

Inc

44,442‌

5,216‌

Macerich

Co/The

96,729‌

1,577‌

Medical

Properties

Trust

Inc

340,131‌

7,153‌

National

Retail

Properties

Inc

101,529‌

4,962‌

National

Storage

Affiliates

Trust

44,932‌

2,434‌

Omega

Healthcare

Investors

Inc

136,098‌

4,938‌

Park

Hotels

&

Resorts

Inc

(d)

136,754‌

2,530‌

Pebblebrook

Hotel

Trust

75,975‌

1,709‌

Physicians

Realty

Trust

124,595‌

2,361‌

PotlatchDeltic

Corp

38,767‌

2,013‌

PS

Business

Parks

Inc

11,620‌

1,786‌

Rayonier

Inc

80,394‌

3,032‌

Rexford

Industrial

Realty

Inc

77,522‌

4,769‌

Sabra

Health

Care

REIT

Inc

124,862‌

2,321‌

SL

Green

Realty

Corp

40,105‌

2,986‌

Spirit

Realty

Capital

Inc

66,478‌

3,338‌

STORE

Capital

Corp

140,773‌

5,094‌

Urban

Edge

Properties

63,612‌

1,209‌

Weingarten

Realty

Investors

69,374‌

2,233‌

$

129,711‌

Retail

-

5

.84

%

American

Eagle

Outfitters

Inc

87,284‌

3,009‌

AutoNation

Inc

(d)

31,181‌

3,783‌

BJ's

Wholesale

Club

Holdings

Inc

(d)

79,300‌

4,016‌

Casey's

General

Stores

Inc

21,365‌

4,224‌

Cracker

Barrel

Old

Country

Store

Inc

13,720‌

1,868‌

Dick's

Sporting

Goods

Inc

37,896‌

3,946‌

FirstCash

Inc

23,725‌

1,879‌

Five

Below

Inc

(d)

32,378‌

6,295‌

Foot

Locker

Inc

59,722‌

3,408‌

Jack

in

the

Box

Inc

12,854‌

1,399‌

Kohl's

Corp

90,344‌

4,589‌

Lithia

Motors

Inc

17,208‌

6,491‌

MSC

Industrial

Direct

Co

Inc

27,174‌

2,423‌

Murphy

USA

Inc

14,480‌

2,136‌

Nordstrom

Inc

(d)

62,951‌

2,084‌

Nu

Skin

Enterprises

Inc

28,938‌

1,554‌

Ollie's

Bargain

Outlet

Holdings

Inc

(d)

32,844‌

3,058‌

Papa

John's

International

Inc

19,128‌

2,183‌

RH

(d)

9,728‌

6,460‌

Texas

Roadhouse

Inc

37,909‌

3,494‌

Wendy's

Co/The

102,403‌

2,377‌

Williams-Sonoma

Inc

44,060‌

6,684‌

Wingstop

Inc

17,195‌

2,946‌

World

Fuel

Services

Corp

36,566‌

1,260‌

$

81,566‌

Savings

&

Loans

-

0

.50

%

New

York

Community

Bancorp

Inc

268,928‌

3,168‌

Sterling

Bancorp/DE

111,373‌

2,418‌

Washington

Federal

Inc

41,869‌

1,351‌

$

6,937‌

Semiconductors

-

2

.54

%

Amkor

Technology

Inc

62,127‌

1,531‌

Brooks

Automation

Inc

42,963‌

3,824‌

Cirrus

Logic

Inc

(d)

33,265‌

2,747‌

CMC

Materials

Inc

16,916‌

2,447‌

Cree

Inc

(d)

66,772‌

6,194‌

Lattice

Semiconductor

Corp

(d)

78,963‌

4,481‌

MKS

Instruments

Inc

32,010‌

5,008‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Semiconductors

(continued)

Semtech

Corp

(d)

37,545‌

$

2,325‌

Silicon

Laboratories

Inc

(d)

25,876‌

3,855‌

Synaptics

Inc

(d)

20,355‌

3,092‌

$

35,504‌

Software

-

3

.97

%

ACI

Worldwide

Inc

(d)

68,312‌

2,343‌

Aspen

Technology

Inc

(d)

39,330‌

5,752‌

Blackbaud

Inc

(d)

28,230‌

2,014‌

CDK

Global

Inc

70,417‌

3,379‌

Cerence

Inc

(d)

21,843‌

2,348‌

Ceridian

HCM

Holding

Inc

(d)

75,942‌

7,473‌

CommVault

Systems

Inc

(d)

26,615‌

2,012‌

Concentrix

Corp

(d)

24,080‌

3,943‌

Envestnet

Inc

(d)

31,470‌

2,368‌

Fair

Isaac

Corp

(d)

16,641‌

8,718‌

J2

Global

Inc

(d)

24,539‌

3,467‌

Manhattan

Associates

Inc

(d)

36,788‌

5,872‌

Sailpoint

Technologies

Holdings

Inc

(d)

53,387‌

2,669‌

Teradata

Corp

(d)

63,377‌

3,147‌

$

55,505‌

Telecommunications

-

0

.81

%

Ciena

Corp

(d)

89,609‌

5,210‌

Iridium

Communications

Inc

(d)

67,924‌

2,868‌

Telephone

and

Data

Systems

Inc

57,593‌

1,287‌

Viasat

Inc

(d)

39,358‌

1,954‌

$

11,319‌

Toys,

Games

&

Hobbies

-

0

.31

%

Mattel

Inc

(d)

201,682‌

4,381‌

Transportation

-

1

.51

%

Kirby

Corp

(d)

34,757‌

2,013‌

Knight-Swift

Transportation

Holdings

Inc

70,825‌

3,519‌

Landstar

System

Inc

22,211‌

3,487‌

Ryder

System

Inc

31,150‌

2,372‌

Werner

Enterprises

Inc

32,991‌

1,508‌

XPO

Logistics

Inc

(d)

58,785‌

8,153‌

$

21,052‌

Trucking

&

Leasing

-

0

.14

%

GATX

Corp

20,470‌

1,888‌

Water

-

0

.45

%

Essential

Utilities

Inc

129,262‌

6,349‌

TOTAL

COMMON

STOCKS

$

1,358,424‌

Total

Investments

$

1,395,415‌

Other

Assets

and

Liabilities

-  0.07%

1,006‌

TOTAL

NET

ASSETS

-

100.00%

$

1,396,421‌

(a)

Current

yield

shown

is

as

of

period

end.

(b)

Security

or

a

portion

of

the

security

was

received

as

collateral

for

securities

lending.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$30

or

0.00%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

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,

the

value

of

these

securities

totaled

$30

or

0.00%

of

net

assets.

Schedule

of

Investments

MidCap

S&P

400

Index

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

151

Portfolio

Summary  (unaudited)

Sector

Percent

Financial

23

.51‌

%

Industrial

19

.63‌

%

Consumer,

Non-cyclical

16

.55‌

%

Consumer,

Cyclical

15

.86‌

%

Technology

8

.69‌

%

Basic

Materials

4

.34‌

%

Energy

3

.12‌

%

Utilities

3

.01‌

%

Communications

2

.57‌

%

Money

Market

Funds

2

.49‌

%

Investment

Companies

0

.16‌

%

Other

Assets

and

Liabilities

0

.07‌

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

11,945‌

$

252,512‌

$

229,654‌

$

34,803‌

$

11,945‌

$

252,512‌

$

229,654‌

$

34,803‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

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)

S&P

Mid

400

Emini;

September

2021

Long

134‌

$

36,163‌

$

190‌

Total

$

190‌

Amounts

in

thousands

except

contracts.

Schedule

of

Investments

MidCap

Value

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

152

INVESTMENT

COMPANIES

-

2

.50

%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0

.26

%

iShares

Russell

Mid-Cap

Value

ETF

65,500‌

$

7,577‌

Money

Market

Funds

-

2

.24

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(a),(b)

1,644,104‌

1,643‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(c),(d)

63,310,275‌

63,311‌

$

64,954‌

TOTAL

INVESTMENT

COMPANIES

$

72,531‌

COMMON

STOCKS

-

97

.37

%

Shares

Held

Value

(000's)

Advertising

-

1

.26

%

Interpublic

Group

of

Cos

Inc/The

1,007,363‌

$

35,621‌

Omnicom

Group

Inc

10,549‌

768‌

$

36,389‌

Aerospace

&

Defense

-

0

.13

%

HEICO

Corp

1,508‌

204‌

HEICO

Corp

-

Class

A

2,649‌

321‌

Hexcel

Corp

(d)

4,159‌

227‌

Howmet

Aerospace

Inc

18,026‌

592‌

Mercury

Systems

Inc

(d)

2,743‌

181‌

Spirit

AeroSystems

Holdings

Inc

3,683‌

159‌

Teledyne

Technologies

Inc

(d)

2,282‌

1,033‌

TransDigm

Group

Inc

(d)

1,828‌

1,172‌

$

3,889‌

Agriculture

-

1

.35

%

Archer-Daniels-Midland

Co

635,673‌

37,962‌

Bunge

Ltd

6,826‌

530‌

Darling

Ingredients

Inc

(d)

7,601‌

525‌

$

39,017‌

Airlines

-

1

.13

%

Alaska

Air

Group

Inc

(d)

508,057‌

29,483‌

American

Airlines

Group

Inc

(d)

31,717‌

646‌

Copa

Holdings

SA

(d)

1,564‌

111‌

JetBlue

Airways

Corp

(d)

15,719‌

233‌

Southwest

Airlines

Co

(d)

29,356‌

1,483‌

United

Airlines

Holdings

Inc

(d)

16,062‌

750‌

$

32,706‌

Apparel

-

1

.09

%

Capri

Holdings

Ltd

(d)

7,335‌

413‌

Carter's

Inc

35,004‌

3,421‌

Columbia

Sportswear

Co

1,860‌

185‌

Deckers

Outdoor

Corp

(d)

1,196‌

492‌

Hanesbrands

Inc

6,928‌

127‌

PVH

Corp

(d)

3,511‌

367‌

Ralph

Lauren

Corp

2,354‌

267‌

Skechers

USA

Inc

(d)

5,811‌

312‌

Tapestry

Inc

(d)

12,479‌

528‌

Under

Armour

Inc

-

Class

A

(d)

9,404‌

192‌

Under

Armour

Inc

-

Class

C

(d)

9,835‌

172‌

VF

Corp

313,745‌

25,163‌

$

31,639‌

Automobile

Manufacturers

-

0

.11

%

Cummins

Inc

7,261‌

1,685‌

PACCAR

Inc

16,934‌

1,406‌

TuSimple

Holdings

Inc

(d),(e)

1,573‌

58‌

$

3,149‌

Automobile

Parts

&

Equipment

-

2

.56

%

Allison

Transmission

Holdings

Inc

1,303‌

52‌

Aptiv

PLC

(d)

149,957‌

25,020‌

BorgWarner

Inc

981,196‌

48,059‌

Gentex

Corp

12,003‌

408‌

Lear

Corp

2,993‌

524‌

QuantumScape

Corp

(d),(e)

1,650‌

38‌

$

74,101‌

Banks

-

5

.16

%

Bank

of

Hawaii

Corp

38,637‌

3,234‌

Bank

of

New

York

Mellon

Corp/The

495,000‌

25,408‌

Bank

OZK

6,101‌

248‌

BOK

Financial

Corp

1,518‌

128‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Banks

(continued)

Citizens

Financial

Group

Inc

17,376‌

$

733‌

Comerica

Inc

72,747‌

4,995‌

Commerce

Bancshares

Inc/MO

5,234‌

370‌

Cullen/Frost

Bankers

Inc

2,835‌

304‌

East

West

Bancorp

Inc

7,046‌

501‌

Fifth

Third

Bancorp

34,868‌

1,265‌

First

Citizens

BancShares

Inc/NC

300‌

235‌

First

Hawaiian

Inc

6,474‌

178‌

First

Horizon

Corp

27,284‌

422‌

First

Republic

Bank/CA

8,712‌

1,699‌

FNB

Corp/PA

15,986‌

183‌

Huntington

Bancshares

Inc/OH

1,533,830‌

21,596‌

KeyCorp

48,203‌

948‌

M&T

Bank

Corp

69,752‌

9,336‌

Northern

Trust

Corp

10,200‌

1,151‌

PacWest

Bancorp

95,680‌

3,810‌

Pinnacle

Financial

Partners

Inc

3,689‌

331‌

Popular

Inc

4,126‌

300‌

Prosperity

Bancshares

Inc

337,461‌

23,011‌

Regions

Financial

Corp

251,599‌

4,844‌

Signature

Bank/New

York

NY

2,800‌

636‌

State

Street

Corp

17,272‌

1,505‌

SVB

Financial

Group

(d)

2,771‌

1,524‌

Synovus

Financial

Corp

6,776‌

277‌

Umpqua

Holdings

Corp

11,001‌

208‌

Webster

Financial

Corp

4,473‌

215‌

Western

Alliance

Bancorp

33,501‌

3,109‌

Wintrust

Financial

Corp

2,851‌

204‌

Zions

Bancorp

NA

704,077‌

36,718‌

$

149,626‌

Beverages

-

0

.03

%

Brown-Forman

Corp

-

A

Shares

1,140‌

76‌

Brown-Forman

Corp

-

B

Shares

4,592‌

326‌

Molson

Coors

Beverage

Co

8,868‌

433‌

$

835‌

Biotechnology

-

1

.03

%

BioMarin

Pharmaceutical

Inc

(d)

9,062‌

695‌

Bio-Rad

Laboratories

Inc

(d)

1,052‌

778‌

Certara

Inc

(d)

904‌

25‌

Corteva

Inc

498,683‌

21,333‌

Exact

Sciences

Corp

(d)

637‌

69‌

Exelixis

Inc

(d)

2,213‌

37‌

Horizon

Therapeutics

Plc

(d)

8,817‌

882‌

Incyte

Corp

(d)

1,321‌

102‌

Ionis

Pharmaceuticals

Inc

(d)

584‌

22‌

Iovance

Biotherapeutics

Inc

(d)

5,018‌

112‌

Mirati

Therapeutics

Inc

(d)

322‌

51‌

Nektar

Therapeutics

(d)

8,664‌

137‌

Royalty

Pharma

PLC

126,725‌

4,841‌

Sage

Therapeutics

Inc

(d)

2,551‌

111‌

Seagen

Inc

(d)

708‌

109‌

Ultragenyx

Pharmaceutical

Inc

(d)

819‌

65‌

United

Therapeutics

Corp

(d)

2,191‌

399‌

$

29,768‌

Building

Materials

-

1

.01

%

Armstrong

World

Industries

Inc

1,221‌

132‌

AZEK

Co

Inc/The

(d)

2,465‌

90‌

Builders

FirstSource

Inc

(d)

10,179‌

453‌

Carrier

Global

Corp

22,991‌

1,270‌

Eagle

Materials

Inc

2,061‌

291‌

Fortune

Brands

Home

&

Security

Inc

5,114‌

499‌

Hayward

Holdings

Inc

(d)

1,904‌

46‌

Lennox

International

Inc

1,692‌

557‌

Louisiana-Pacific

Corp

4,693‌

260‌

Martin

Marietta

Materials

Inc

3,081‌

1,119‌

Masco

Corp

12,570‌

751‌

MDU

Resources

Group

Inc

9,971‌

316‌

Owens

Corning

233,177‌

22,423‌

Schedule

of

Investments

MidCap

Value

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

153

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Building

Materials

(continued)

Vulcan

Materials

Co

6,557‌

$

1,180‌

$

29,387‌

Chemicals

-

3

.41

%

Albemarle

Corp

5,775‌

1,190‌

Ashland

Global

Holdings

Inc

2,765‌

235‌

Axalta

Coating

Systems

Ltd

(d)

8,536‌

257‌

Celanese

Corp

3,560‌

555‌

CF

Industries

Holdings

Inc

10,678‌

504‌

Chemours

Co/The

98,152‌

3,264‌

Diversey

Holdings

Ltd

(d)

615‌

10‌

Eastman

Chemical

Co

211,726‌

23,866‌

Element

Solutions

Inc

11,490‌

269‌

FMC

Corp

4,782‌

511‌

Huntsman

Corp

10,470‌

276‌

International

Flavors

&

Fragrances

Inc

217,377‌

32,745‌

LyondellBasell

Industries

NV

11,455‌

1,138‌

Mosaic

Co/The

17,281‌

540‌

NewMarket

Corp

332‌

105‌

Olin

Corp

6,599‌

310‌

PPG

Industries

Inc

6,800‌

1,112‌

RPM

International

Inc

2,637‌

228‌

Valvoline

Inc

316,113‌

9,699‌

Westlake

Chemical

Corp

266,318‌

22,083‌

$

98,897‌

Commercial

Services

-

2

.47

%

ADT

Inc

7,853‌

82‌

AMERCO

439‌

258‌

Aramark

11,419‌

401‌

Bright

Horizons

Family

Solutions

Inc

(d)

610‌

91‌

Chegg

Inc

(d)

1,656‌

147‌

Cintas

Corp

279‌

110‌

CoStar

Group

Inc

(d)

4,360‌

387‌

Driven

Brands

Holdings

Inc

(d)

1,820‌

58‌

Dun

&

Bradstreet

Holdings

Inc

(d)

7,952‌

167‌

Equifax

Inc

3,720‌

969‌

Euronet

Worldwide

Inc

(d)

735‌

105‌

FleetCor

Technologies

Inc

(d)

3,122‌

806‌

FTI

Consulting

Inc

(d)

16,193‌

2,360‌

Grand

Canyon

Education

Inc

(d)

66,965‌

6,185‌

H&R

Block

Inc

1,759‌

43‌

IHS

Markit

Ltd

18,554‌

2,168‌

ManpowerGroup

Inc

286,035‌

33,918‌

Morningstar

Inc

116‌

29‌

Nielsen

Holdings

PLC

17,825‌

422‌

Paysafe

Ltd

(d),(e)

15,313‌

165‌

Quanta

Services

Inc

6,873‌

625‌

Robert

Half

International

Inc

671‌

66‌

Rollins

Inc

847‌

32‌

Service

Corp

International/US

8,127‌

508‌

StoneCo

Ltd

(d)

757‌

45‌

Terminix

Global

Holdings

Inc

(d)

6,390‌

336‌

TransUnion

3,014‌

362‌

United

Rentals

Inc

(d)

60,847‌

20,052‌

Verisk

Analytics

Inc

2,863‌

544‌

WEX

Inc

(d)

730‌

139‌

$

71,580‌

Computers

-

5

.03

%

Amdocs

Ltd

10,165‌

784‌

CACI

International

Inc

(d)

1,154‌

308‌

DXC

Technology

Co

(d)

695,682‌

27,813‌

Genpact

Ltd

638,641‌

31,810‌

Hewlett

Packard

Enterprise

Co

1,229,600‌

17,829‌

HP

Inc

517,107‌

14,929‌

Leidos

Holdings

Inc

231,012‌

24,584‌

Lumentum

Holdings

Inc

(d)

3,757‌

316‌

Maximus

Inc

288,000‌

25,632‌

McAfee

Corp

575‌

16‌

NCR

Corp

(d)

4,178‌

185‌

NetApp

Inc

3,726‌

297‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Computers

(continued)

Pure

Storage

Inc

(d)

899‌

$

18‌

Science

Applications

International

Corp

2,875‌

251‌

Western

Digital

Corp

(d)

15,250‌

990‌

$

145,762‌

Consumer

Products

-

1

.08

%

Avery

Dennison

Corp

140,928‌

29,690‌

Church

&

Dwight

Co

Inc

11,546‌

1,000‌

Clorox

Co/The

1,174‌

212‌

Reynolds

Consumer

Products

Inc

2,697‌

77‌

Spectrum

Brands

Holdings

Inc

2,117‌

185‌

$

31,164‌

Cosmetics

&

Personal

Care

-

0

.00

%

Coty

Inc

(d)

14,250‌

124‌

Distribution

&

Wholesale

-

0

.48

%

Fastenal

Co

3,222‌

176‌

Leslie's

Inc

(d)

138,951‌

3,384‌

LKQ

Corp

(d)

13,896‌

705‌

SiteOne

Landscape

Supply

Inc

(d)

1,048‌

183‌

Univar

Solutions

Inc

(d)

8,340‌

205‌

Watsco

Inc

31,889‌

9,007‌

WW

Grainger

Inc

392‌

174‌

$

13,834‌

Diversified

Financial

Services

-

2

.98

%

Affiliated

Managers

Group

Inc

2,062‌

327‌

Air

Lease

Corp

5,323‌

225‌

Alliance

Data

Systems

Corp

96,309‌

8,981‌

Ally

Financial

Inc

18,422‌

946‌

Ameriprise

Financial

Inc

2,554‌

658‌

Cboe

Global

Markets

Inc

98,513‌

11,671‌

Credit

Acceptance

Corp

(d)

436‌

211‌

Discover

Financial

Services

6,814‌

847‌

Evercore

Inc

-

Class

A

1,972‌

261‌

Franklin

Resources

Inc

14,363‌

424‌

Interactive

Brokers

Group

Inc

-

A

Shares

178,280‌

11,029‌

Invesco

Ltd

16,569‌

404‌

Janus

Henderson

Group

PLC

8,484‌

355‌

Jefferies

Financial

Group

Inc

10,959‌

364‌

Lazard

Ltd

5,037‌

238‌

Nasdaq

Inc

5,676‌

1,060‌

OneMain

Holdings

Inc

4,398‌

268‌

Raymond

James

Financial

Inc

5,804‌

752‌

Santander

Consumer

USA

Holdings

Inc

2,993‌

123‌

SEI

Investments

Co

5,441‌

331‌

SLM

Corp

15,985‌

301‌

Stifel

Financial

Corp

5,066‌

337‌

Synchrony

Financial

366,731‌

17,243‌

T

Rowe

Price

Group

Inc

69,242‌

14,136‌

Tradeweb

Markets

Inc

5,213‌

452‌

UWM

Holdings

Corp

(e)

1,163‌

9‌

Virtu

Financial

Inc

439,413‌

11,310‌

Western

Union

Co/The

136,955‌

3,179‌

$

86,442‌

Electric

-

2

.27

%

AES

Corp/The

32,800‌

777‌

Alliant

Energy

Corp

445,691‌

26,086‌

Ameren

Corp

12,647‌

1,061‌

Avangrid

Inc

2,826‌

147‌

Brookfield

Renewable

Corp

4,749‌

202‌

CenterPoint

Energy

Inc

28,872‌

735‌

CMS

Energy

Corp

14,362‌

888‌

Consolidated

Edison

Inc

17,068‌

1,259‌

DTE

Energy

Co

9,589‌

1,125‌

Edison

International

18,531‌

1,010‌

Entergy

Corp

9,968‌

1,026‌

Evergy

Inc

11,362‌

741‌

Eversource

Energy

17,042‌

1,470‌

FirstEnergy

Corp

27,032‌

1,036‌

Hawaiian

Electric

Industries

Inc

5,236‌

227‌

IDACORP

Inc

2,515‌

265‌

Schedule

of

Investments

MidCap

Value

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

154

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Electric

(continued)

NRG

Energy

Inc

6,599‌

$

272‌

OGE

Energy

Corp

9,994‌

337‌

PG&E

Corp

(d)

75,030‌

660‌

Pinnacle

West

Capital

Corp

5,628‌

470‌

PPL

Corp

38,245‌

1,085‌

Public

Service

Enterprise

Group

Inc

25,076‌

1,561‌

Vistra

Corp

23,792‌

456‌

WEC

Energy

Group

Inc

15,680‌

1,476‌

Xcel

Energy

Inc

314,759‌

21,482‌

$

65,854‌

Electrical

Components

&

Equipment

-

0

.15

%

Acuity

Brands

Inc

1,770‌

310‌

AMETEK

Inc

24,982‌

3,474‌

ChargePoint

Holdings

Inc

(d),(e)

6,213‌

147‌

Littelfuse

Inc

1,174‌

312‌

$

4,243‌

Electronics

-

4

.26

%

Agilent

Technologies

Inc

1,573‌

241‌

Allegion

plc

1,066‌

146‌

Amphenol

Corp

301,387‌

21,848‌

Arrow

Electronics

Inc

(d)

28,809‌

3,416‌

Avnet

Inc

4,896‌

202‌

Coherent

Inc

(d)

133‌

33‌

Flex

Ltd

(d)

1,430,000‌

25,697‌

Fortive

Corp

16,235‌

1,180‌

Garmin

Ltd

7,521‌

1,182‌

Hubbell

Inc

150,700‌

30,209‌

Jabil

Inc

238,452‌

14,197‌

Keysight

Technologies

Inc

(d)

5,168‌

850‌

National

Instruments

Corp

6,439‌

284‌

nVent

Electric

PLC

8,268‌

261‌

Sensata

Technologies

Holding

PLC

(d)

7,715‌

452‌

SYNNEX

Corp

78,115‌

9,338‌

Trimble

Inc

(d)

12,442‌

1,064‌

Vontier

Corp

385,712‌

12,478‌

Waters

Corp

(d)

213‌

83‌

Woodward

Inc

2,851‌

347‌

$

123,508‌

Energy

-

Alternate

Sources

-

0

.04

%

First

Solar

Inc

(d)

5,265‌

453‌

Shoals

Technologies

Group

Inc

(d)

5,064‌

147‌

Sunrun

Inc

(d)

9,903‌

525‌

$

1,125‌

Engineering

&

Construction

-

0

.06

%

AECOM

(d)

6,975‌

439‌

Frontdoor

Inc

(d)

1,351‌

66‌

Jacobs

Engineering

Group

Inc

6,399‌

866‌

MasTec

Inc

(d)

2,787‌

282‌

TopBuild

Corp

(d)

281‌

57‌

$

1,710‌

Entertainment

-

0

.06

%

Caesars

Entertainment

Inc

(d)

3,754‌

328‌

Live

Nation

Entertainment

Inc

(d)

4,114‌

324‌

Madison

Square

Garden

Sports

Corp

(d)

577‌

94‌

Marriott

Vacations

Worldwide

Corp

(d)

2,067‌

305‌

Penn

National

Gaming

Inc

(d)

7,266‌

497‌

Six

Flags

Entertainment

Corp

(d)

2,363‌

98‌

$

1,646‌

Environmental

Control

-

0

.69

%

Clean

Harbors

Inc

(d)

2,515‌

239‌

Pentair

PLC

8,256‌

608‌

Republic

Services

Inc

159,416‌

18,869‌

Stericycle

Inc

(d)

4,567‌

322‌

$

20,038‌

Food

-

4

.06

%

Albertsons

Cos

Inc

(e)

7,710‌

167‌

Beyond

Meat

Inc

(d),(e)

351‌

43‌

Campbell

Soup

Co

9,694‌

424‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Food

(continued)

Conagra

Brands

Inc

23,278‌

$

780‌

Flowers

Foods

Inc

9,310‌

219‌

Grocery

Outlet

Holding

Corp

(d)

4,338‌

144‌

Hain

Celestial

Group

Inc/The

(d)

4,089‌

163‌

Hershey

Co/The

233,707‌

41,806‌

Hormel

Foods

Corp

14,053‌

652‌

Ingredion

Inc

3,353‌

294‌

J

M

Smucker

Co/The

5,271‌

691‌

Kellogg

Co

6,955‌

441‌

Kroger

Co/The

37,160‌

1,512‌

Lamb

Weston

Holdings

Inc

5,105‌

341‌

McCormick

&

Co

Inc/MD

12,397‌

1,043‌

Pilgrim's

Pride

Corp

(d)

118,019‌

2,614‌

Post

Holdings

Inc

(d)

2,930‌

300‌

Seaboard

Corp

13‌

53‌

Sprouts

Farmers

Market

Inc

(d)

160,419‌

3,943‌

Sysco

Corp

397,000‌

29,457‌

Tyson

Foods

Inc

449,268‌

32,105‌

US

Foods

Holding

Corp

(d)

10,983‌

377‌

$

117,569‌

Forest

Products

&

Paper

-

0

.04

%

International

Paper

Co

19,448‌

1,123‌

Gas

-

0

.06

%

Atmos

Energy

Corp

6,425‌

634‌

National

Fuel

Gas

Co

4,316‌

222‌

NiSource

Inc

19,458‌

482‌

UGI

Corp

10,399‌

478‌

$

1,816‌

Hand

&

Machine

Tools

-

0

.71

%

Lincoln

Electric

Holdings

Inc

129,000‌

17,986‌

MSA

Safety

Inc

1,298‌

214‌

Regal

Beloit

Corp

2,022‌

298‌

Snap-on

Inc

2,652‌

578‌

Stanley

Black

&

Decker

Inc

8,020‌

1,580‌

$

20,656‌

Healthcare

-

Products

-

2

.79

%

Adaptive

Biotechnologies

Corp

(d)

624‌

23‌

Cooper

Cos

Inc/The

70,004‌

29,526‌

DENTSPLY

SIRONA

Inc

10,809‌

714‌

Envista

Holdings

Corp

(d)

7,978‌

344‌

Globus

Medical

Inc

(d)

3,642‌

303‌

Henry

Schein

Inc

(d)

6,997‌

561‌

Hill-Rom

Holdings

Inc

238,904‌

33,078‌

Hologic

Inc

(d)

12,601‌

946‌

ICU

Medical

Inc

(d)

989‌

201‌

Integra

LifeSciences

Holdings

Corp

(d)

3,565‌

258‌

Masimo

Corp

(d)

683‌

186‌

Natera

Inc

(d)

280‌

32‌

PerkinElmer

Inc

5,564‌

1,014‌

QIAGEN

NV

(d)

39,316‌

2,075‌

Quidel

Corp

(d)

55,963‌

7,917‌

Repligen

Corp

(d)

167‌

41‌

ResMed

Inc

714‌

194‌

STERIS

PLC

4,234‌

923‌

Tandem

Diabetes

Care

Inc

(d)

193‌

21‌

Teleflex

Inc

1,911‌

759‌

Zimmer

Biomet

Holdings

Inc

10,373‌

1,695‌

$

80,811‌

Healthcare

-

Services

-

2

.07

%

Acadia

Healthcare

Co

Inc

(d)

4,387‌

271‌

agilon

health

Inc

(d)

163‌

6‌

Amedisys

Inc

(d)

184‌

48‌

Catalent

Inc

(d)

6,173‌

740‌

Charles

River

Laboratories

International

Inc

(d)

156‌

63‌

Chemed

Corp

569‌

271‌

DaVita

Inc

(d)

1,038‌

125‌

Encompass

Health

Corp

2,070‌

172‌

IQVIA

Holdings

Inc

(d)

4,796‌

1,188‌

Laboratory

Corp

of

America

Holdings

(d)

4,856‌

1,438‌

Schedule

of

Investments

MidCap

Value

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

155

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Healthcare

-

Services

(continued)

Molina

Healthcare

Inc

(d)

64,567‌

$

17,628‌

Oak

Street

Health

Inc

(d)

524‌

33‌

PPD

Inc

(d)

4,702‌

217‌

Quest

Diagnostics

Inc

251,477‌

35,659‌

Syneos

Health

Inc

(d)

4,364‌

391‌

Teladoc

Health

Inc

(d)

7,284‌

1,081‌

Universal

Health

Services

Inc

3,765‌

604‌

$

59,935‌

Home

Builders

-

1

.36

%

DR

Horton

Inc

80,100‌

7,644‌

Lennar

Corp

-

A

Shares

50,810‌

5,343‌

Lennar

Corp

-

B

Shares

35,822‌

3,093‌

NVR

Inc

(d)

55‌

287‌

PulteGroup

Inc

268,469‌

14,731‌

Thor

Industries

Inc

30,208‌

3,576‌

Toll

Brothers

Inc

78,254‌

4,638‌

$

39,312‌

Home

Furnishings

-

0

.21

%

Dolby

Laboratories

Inc

3,188‌

310‌

Leggett

&

Platt

Inc

6,599‌

317‌

Tempur

Sealy

International

Inc

107,538‌

4,653‌

Whirlpool

Corp

3,047‌

675‌

$

5,955‌

Housewares

-

0

.44

%

Newell

Brands

Inc

520,894‌

12,892‌

Insurance

-

8

.00

%

Aflac

Inc

33,376‌

1,836‌

Alleghany

Corp

(d)

59,097‌

39,187‌

American

Financial

Group

Inc/OH

303,368‌

38,373‌

Arch

Capital

Group

Ltd

(d)

14,693‌

573‌

Arthur

J

Gallagher

&

Co

152,052‌

21,182‌

Assurant

Inc

3,000‌

473‌

Assured

Guaranty

Ltd

3,612‌

173‌

Athene

Holding

Ltd

(d)

5,715‌

369‌

Axis

Capital

Holdings

Ltd

3,776‌

192‌

Brighthouse

Financial

Inc

(d)

4,276‌

184‌

Brown

&

Brown

Inc

10,971‌

597‌

Cincinnati

Financial

Corp

7,443‌

877‌

CNA

Financial

Corp

1,308‌

58‌

Equitable

Holdings

Inc

19,054‌

588‌

Erie

Indemnity

Co

384‌

71‌

Everest

Re

Group

Ltd

168,417‌

42,581‌

Fidelity

National

Financial

Inc

216,369‌

9,653‌

First

American

Financial

Corp

176,604‌

11,887‌

Globe

Life

Inc

5,040‌

469‌

GoHealth

Inc

(d)

361‌

3‌

Hanover

Insurance

Group

Inc/The

1,774‌

241‌

Hartford

Financial

Services

Group

Inc/The

17,736‌

1,128‌

Kemper

Corp

3,028‌

200‌

Lemonade

Inc

(d),(e)

1,700‌

148‌

Lincoln

National

Corp

7,983‌

492‌

Loews

Corp

11,019‌

591‌

Markel

Corp

(d)

4,176‌

5,037‌

Mercury

General

Corp

1,351‌

82‌

MGIC

Investment

Corp

16,859‌

233‌

Old

Republic

International

Corp

590,904‌

14,572‌

Primerica

Inc

1,945‌

284‌

Prudential

Financial

Inc

19,601‌

1,966‌

Reinsurance

Group

of

America

Inc

3,388‌

373‌

RenaissanceRe

Holdings

Ltd

22,649‌

3,459‌

Unum

Group

10,166‌

279‌

Voya

Financial

Inc

5,982‌

385‌

W

R

Berkley

Corp

431,859‌

31,599‌

White

Mountains

Insurance

Group

Ltd

150‌

170‌

Willis

Towers

Watson

PLC

6,367‌

1,312‌

$

231,877‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Internet

-

0

.38

%

DoorDash

Inc

-

Class

A

(d)

499‌

$

87‌

F5

Networks

Inc

(d)

12,675‌

2,618‌

FireEye

Inc

(d)

8,231‌

166‌

GoDaddy

Inc

(d)

7,489‌

628‌

IAC/InterActiveCorp

(d)

3,797‌

521‌

NortonLifeLock

Inc

20,070‌

498‌

Opendoor

Technologies

Inc

(d),(e)

13,757‌

204‌

TripAdvisor

Inc

(d)

1,891‌

72‌

Twitter

Inc

(d)

34,666‌

2,418‌

VeriSign

Inc

(d)

4,898‌

1,060‌

Vimeo

Inc

(d)

527‌

23‌

Wayfair

Inc

(d)

1,665‌

402‌

Zillow

Group

Inc

-

C

Shares

(d)

21,496‌

2,284‌

$

10,981‌

Iron

&

Steel

-

2

.09

%

Cleveland-Cliffs

Inc

(d)

22,630‌

566‌

Nucor

Corp

14,848‌

1,544‌

Reliance

Steel

&

Aluminum

Co

217,642‌

34,202‌

Steel

Dynamics

Inc

372,104‌

23,982‌

United

States

Steel

Corp

13,280‌

352‌

$

60,646‌

Leisure

Products

&

Services

-

0

.11

%

Brunswick

Corp/DE

3,371‌

352‌

Carnival

Corp

(d)

42,324‌

916‌

Harley-Davidson

Inc

7,648‌

303‌

Norwegian

Cruise

Line

Holdings

Ltd

(d)

18,344‌

441‌

Planet

Fitness

Inc

(d)

1,291‌

97‌

Polaris

Inc

876‌

115‌

Royal

Caribbean

Cruises

Ltd

(d)

10,889‌

837‌

Virgin

Galactic

Holdings

Inc

(d),(e)

604‌

18‌

$

3,079‌

Lodging

-

0

.82

%

Boyd

Gaming

Corp

(d)

3,208‌

183‌

Hilton

Worldwide

Holdings

Inc

(d)

4,494‌

591‌

Hyatt

Hotels

Corp

(d)

2,009‌

160‌

Las

Vegas

Sands

Corp

(d)

514,000‌

21,768‌

MGM

Resorts

International

20,276‌

761‌

Travel

+

Leisure

Co

1,410‌

73‌

Wyndham

Hotels

&

Resorts

Inc

1,680‌

121‌

$

23,657‌

Machinery

-

Construction

&

Mining

-

1

.68

%

BWX

Technologies

Inc

1,166‌

67‌

Oshkosh

Corp

203,385‌

24,315‌

Vertiv

Holdings

Co

862,000‌

24,170‌

$

48,552‌

Machinery

-

Diversified

-

4

.21

%

AGCO

Corp

222,796‌

29,433‌

Colfax

Corp

(d)

5,809‌

267‌

Crane

Co

2,429‌

236‌

Curtiss-Wright

Corp

25,937‌

3,068‌

Dover

Corp

7,129‌

1,191‌

Flowserve

Corp

6,502‌

274‌

Gates

Industrial

Corp

PLC

(d)

3,479‌

63‌

Graco

Inc

3,161‌

247‌

IDEX

Corp

3,772‌

855‌

Ingersoll

Rand

Inc

(d)

18,632‌

911‌

Middleby

Corp/The

(d)

155,120‌

29,704‌

Nordson

Corp

2,390‌

540‌

Otis

Worldwide

Corp

211,934‌

18,979‌

Rockwell

Automation

Inc

2,267‌

697‌

Toro

Co/The

209,306‌

23,807‌

Westinghouse

Air

Brake

Technologies

Corp

8,975‌

762‌

Xylem

Inc/NY

87,034‌

10,953‌

$

121,987‌

Media

-

1

.02

%

Altice

USA

Inc

(d)

3,185‌

98‌

Cable

One

Inc

125‌

236‌

Discovery

Inc

-

A

Shares

(d),(e)

8,202‌

238‌

Schedule

of

Investments

MidCap

Value

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

156

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Media

(continued)

Discovery

Inc

-

C

Shares

(d)

15,666‌

$

425‌

DISH

Network

Corp

(d)

132,248‌

5,540‌

FactSet

Research

Systems

Inc

261‌

93‌

Fox

Corp

-

A

Shares

16,015‌

571‌

Fox

Corp

-

B

Shares

7,553‌

251‌

Liberty

Broadband

Corp

-

A

Shares

(d)

1,234‌

212‌

Liberty

Broadband

Corp

-

C

Shares

(d)

7,539‌

1,338‌

Liberty

Media

Corp-Liberty

Formula

One

-

A

Shares

(d)

1,166‌

48‌

Liberty

Media

Corp-Liberty

Formula

One

-

C

Shares

(d)

9,914‌

465‌

Liberty

Media

Corp-Liberty

SiriusXM

-

A

Shares

(d)

3,969‌

185‌

Liberty

Media

Corp-Liberty

SiriusXM

-

C

Shares

(d)

8,056‌

372‌

New

York

Times

Co/The

8,141‌

357‌

News

Corp

-

A

Shares

199,933‌

4,924‌

News

Corp

-

B

Shares

6,058‌

143‌

Nexstar

Media

Group

Inc

85,867‌

12,629‌

Sirius

XM

Holdings

Inc

(e)

44,727‌

289‌

ViacomCBS

Inc

-

Class

A

500‌

22‌

ViacomCBS

Inc

-

Class

B

28,971‌

1,186‌

World

Wrestling

Entertainment

Inc

318‌

16‌

$

29,638‌

Metal

Fabrication

&

Hardware

-

0

.02

%

Timken

Co/The

3,161‌

251‌

Valmont

Industries

Inc

1,040‌

247‌

$

498‌

Mining

-

0

.03

%

Alcoa

Corp

(d)

9,275‌

373‌

Royal

Gold

Inc

3,253‌

395‌

$

768‌

Miscellaneous

Manufacturers

-

3

.06

%

A

O

Smith

Corp

169,985‌

11,955‌

Carlisle

Cos

Inc

1,575‌

319‌

Donaldson

Co

Inc

5,491‌

363‌

ITT

Inc

4,319‌

423‌

Parker-Hannifin

Corp

88,332‌

27,562‌

Textron

Inc

677,210‌

46,735‌

Trane

Technologies

PLC

6,086‌

1,239‌

$

88,596‌

Office

&

Business

Equipment

-

0

.01

%

Xerox

Holdings

Corp

7,606‌

184‌

Oil

&

Gas

-

3

.09

%

APA

Corp

18,880‌

354‌

Cabot

Oil

&

Gas

Corp

17,182‌

275‌

Cimarex

Energy

Co

358,995‌

23,406‌

Continental

Resources

Inc/OK

2,897‌

99‌

Devon

Energy

Corp

1,095,501‌

28,308‌

Diamondback

Energy

Inc

40,983‌

3,161‌

EQT

Corp

(d)

13,693‌

252‌

Hess

Corp

12,845‌

982‌

HollyFrontier

Corp

7,465‌

219‌

Marathon

Oil

Corp

39,111‌

453‌

Marathon

Petroleum

Corp

32,403‌

1,789‌

Occidental

Petroleum

Corp

36,666‌

957‌

Phillips

66

21,762‌

1,598‌

Pioneer

Natural

Resources

Co

5,943‌

864‌

Valero

Energy

Corp

398,292‌

26,674‌

$

89,391‌

Oil

&

Gas

Services

-

0

.07

%

Baker

Hughes

Co

36,625‌

778‌

Halliburton

Co

41,701‌

862‌

NOV

Inc

(d)

19,403‌

268‌

$

1,908‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Packaging

&

Containers

-

2

.08

%

Amcor

PLC

76,555‌

$

885‌

AptarGroup

Inc

126,662‌

16,330‌

Ardagh

Group

SA

901‌

21‌

Ball

Corp

11,245‌

910‌

Berry

Global

Group

Inc

(d)

6,708‌

431‌

Crown

Holdings

Inc

5,652‌

564‌

Graphic

Packaging

Holding

Co

10,066‌

193‌

Packaging

Corp

of

America

204,657‌

28,959‌

Sealed

Air

Corp

144,963‌

8,227‌

Silgan

Holdings

Inc

4,158‌

168‌

Sonoco

Products

Co

43,914‌

2,801‌

Westrock

Co

12,933‌

636‌

$

60,125‌

Pharmaceuticals

-

0

.78

%

AmerisourceBergen

Corp

7,295‌

891‌

Cardinal

Health

Inc

5,903‌

350‌

Elanco

Animal

Health

Inc

(d)

22,115‌

807‌

Herbalife

Nutrition

Ltd

(d)

173,456‌

8,836‌

Jazz

Pharmaceuticals

PLC

(d)

2,943‌

499‌

McKesson

Corp

46,757‌

9,530‌

Organon

&

Co

12,600‌

365‌

Perrigo

Co

PLC

6,635‌

319‌

Premier

Inc

6,028‌

215‌

Viatris

Inc

60,043‌

845‌

$

22,657‌

Pipelines

-

0

.34

%

Antero

Midstream

Corp

16,591‌

158‌

DT

Midstream

Inc

4,794‌

203‌

Equitrans

Midstream

Corp

338,181‌

2,780‌

ONEOK

Inc

22,045‌

1,146‌

Targa

Resources

Corp

98,369‌

4,142‌

Williams

Cos

Inc/The

60,418‌

1,513‌

$

9,942‌

Private

Equity

-

0

.08

%

Ares

Management

Corp

825‌

59‌

Carlyle

Group

Inc/The

8,062‌

407‌

KKR

&

Co

Inc

27,339‌

1,743‌

$

2,209‌

Real

Estate

-

0

.08

%

CBRE

Group

Inc

(d)

15,714‌

1,516‌

Howard

Hughes

Corp/The

(d)

2,060‌

191‌

Jones

Lang

LaSalle

Inc

(d)

2,539‌

565‌

$

2,272‌

REITs

-

8

.42

%

AGNC

Investment

Corp

26,039‌

413‌

Alexandria

Real

Estate

Equities

Inc

130,267‌

26,228‌

American

Campus

Communities

Inc

6,841‌

344‌

American

Homes

4

Rent

634,807‌

26,662‌

Americold

Realty

Trust

585,540‌

22,748‌

Annaly

Capital

Management

Inc

69,400‌

589‌

Apartment

Income

REIT

Corp

7,761‌

409‌

AvalonBay

Communities

Inc

6,927‌

1,578‌

Boston

Properties

Inc

7,756‌

910‌

Brixmor

Property

Group

Inc

14,815‌

341‌

Camden

Property

Trust

181,720‌

27,147‌

CoreSite

Realty

Corp

461‌

64‌

Cousins

Properties

Inc

7,397‌

294‌

CubeSmart

9,972‌

495‌

CyrusOne

Inc

6,083‌

434‌

Douglas

Emmett

Inc

8,318‌

278‌

Duke

Realty

Corp

18,598‌

946‌

EPR

Properties

3,679‌

185‌

Equity

LifeStyle

Properties

Inc

319,075‌

26,738‌

Equity

Residential

18,315‌

1,541‌

Essex

Property

Trust

Inc

3,220‌

1,056‌

Extra

Space

Storage

Inc

5,936‌

1,034‌

Federal

Realty

Investment

Trust

3,833‌

450‌

First

Industrial

Realty

Trust

Inc

6,390‌

350‌

Gaming

and

Leisure

Properties

Inc

75,498‌

3,574‌

Schedule

of

Investments

MidCap

Value

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

157

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

REITs

(continued)

Healthcare

Trust

of

America

Inc

10,869‌

$

311‌

Healthpeak

Properties

Inc

26,757‌

989‌

Highwoods

Properties

Inc

405,138‌

19,321‌

Host

Hotels

&

Resorts

Inc

(d)

34,561‌

551‌

Hudson

Pacific

Properties

Inc

7,287‌

199‌

Invitation

Homes

Inc

28,207‌

1,147‌

Iron

Mountain

Inc

4,213‌

184‌

JBG

SMITH

Properties

6,084‌

199‌

Kilroy

Realty

Corp

5,744‌

398‌

Kimco

Realty

Corp

177,599‌

3,789‌

Lamar

Advertising

Co

225,539‌

24,042‌

Life

Storage

Inc

3,791‌

445‌

Medical

Properties

Trust

Inc

28,787‌

605‌

Mid-America

Apartment

Communities

Inc

5,649‌

1,091‌

National

Retail

Properties

Inc

458,676‌

22,415‌

New

Residential

Investment

Corp

21,473‌

210‌

Omega

Healthcare

Investors

Inc

11,676‌

424‌

Park

Hotels

&

Resorts

Inc

(d)

11,622‌

215‌

Rayonier

Inc

6,855‌

258‌

Realty

Income

Corp

18,569‌

1,305‌

Regency

Centers

Corp

8,425‌

551‌

Rexford

Industrial

Realty

Inc

6,665‌

410‌

SBA

Communications

Corp

4,483‌

1,529‌

Simon

Property

Group

Inc

2,124‌

269‌

SL

Green

Realty

Corp

3,474‌

259‌

Spirit

Realty

Capital

Inc

5,644‌

283‌

Starwood

Property

Trust

Inc

13,669‌

356‌

STORE

Capital

Corp

12,133‌

439‌

Sun

Communities

Inc

5,490‌

1,077‌

UDR

Inc

14,672‌

807‌

Ventas

Inc

18,625‌

1,113‌

VEREIT

Inc

181,545‌

8,891‌

VICI

Properties

Inc

26,622‌

830‌

Vornado

Realty

Trust

8,772‌

382‌

Weingarten

Realty

Investors

5,933‌

191‌

Welltower

Inc

20,758‌

1,803‌

Weyerhaeuser

Co

37,233‌

1,256‌

WP

Carey

Inc

8,767‌

707‌

$

244,059‌

Retail

-

5

.24

%

Advance

Auto

Parts

Inc

3,243‌

688‌

AutoNation

Inc

(d)

149,563‌

18,146‌

AutoZone

Inc

(d)

2,969‌

4,821‌

Best

Buy

Co

Inc

9,566‌

1,075‌

Burlington

Stores

Inc

(d)

191‌

64‌

CarMax

Inc

(d)

7,407‌

992‌

Casey's

General

Stores

Inc

1,836‌

363‌

Darden

Restaurants

Inc

2,074‌

302‌

Dick's

Sporting

Goods

Inc

132,529‌

13,801‌

Dollar

Tree

Inc

(d)

63,872‌

6,374‌

Domino's

Pizza

Inc

614‌

323‌

Foot

Locker

Inc

52,047‌

2,969‌

Gap

Inc/The

9,997‌

292‌

Genuine

Parts

Co

7,019‌

891‌

Kohl's

Corp

7,739‌

393‌

L

Brands

Inc

204,751‌

16,395‌

Lithia

Motors

Inc

1,306‌

493‌

MSC

Industrial

Direct

Co

Inc

33,644‌

3,000‌

Nordstrom

Inc

(d)

914‌

30‌

Ollie's

Bargain

Outlet

Holdings

Inc

(d)

3,239‌

301‌

O'Reilly

Automotive

Inc

(d)

2,381‌

1,438‌

Penske

Automotive

Group

Inc

75,321‌

6,674‌

Petco

Health

&

Wellness

Co

Inc

(d),(e)

3,471‌

72‌

Qurate

Retail

Inc

421,172‌

4,995‌

Ross

Stores

Inc

234,000‌

28,709‌

Vroom

Inc

(d)

4,287‌

159‌

Williams-Sonoma

Inc

893‌

135‌

Yum

China

Holdings

Inc

19,282‌

1,199‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Retail

(continued)

Yum!

Brands

Inc

279,565‌

$

36,732‌

$

151,826‌

Savings

&

Loans

-

0

.03

%

New

York

Community

Bancorp

Inc

22,448‌

265‌

People's

United

Financial

Inc

21,144‌

332‌

Sterling

Bancorp/DE

8,739‌

190‌

TFS

Financial

Corp

2,279‌

44‌

$

831‌

Semiconductors

-

0

.79

%

Brooks

Automation

Inc

639‌

57‌

Cirrus

Logic

Inc

(d)

2,917‌

241‌

Cree

Inc

(d)

5,728‌

531‌

IPG

Photonics

Corp

(d)

1,653‌

361‌

Marvell

Technology

Inc

40,125‌

2,428‌

Maxim

Integrated

Products

Inc

691‌

69‌

Microchip

Technology

Inc

1,960‌

280‌

MKS

Instruments

Inc

428‌

67‌

ON

Semiconductor

Corp

(d)

9,655‌

377‌

Qorvo

Inc

(d)

36,556‌

6,931‌

Skyworks

Solutions

Inc

46,652‌

8,607‌

Teradyne

Inc

22,264‌

2,828‌

$

22,777‌

Shipbuilding

-

0

.01

%

Huntington

Ingalls

Industries

Inc

1,956‌

401‌

Software

-

1

.21

%

Akamai

Technologies

Inc

(d)

7,986‌

958‌

ANSYS

Inc

(d)

2,527‌

931‌

Black

Knight

Inc

(d)

7,549‌

625‌

Broadridge

Financial

Solutions

Inc

528‌

92‌

C3.ai

Inc

(d)

670‌

34‌

CDK

Global

Inc

5,116‌

245‌

Ceridian

HCM

Holding

Inc

(d)

6,416‌

631‌

Cerner

Corp

14,977‌

1,204‌

Change

Healthcare

Inc

(d)

12,252‌

266‌

Citrix

Systems

Inc

3,962‌

399‌

Clarivate

PLC

(d)

20,470‌

467‌

Cloudflare

Inc

(d)

711‌

84‌

Concentrix

Corp

(d)

72,991‌

11,951‌

Datto

Holding

Corp

(d)

1,254‌

33‌

Duck

Creek

Technologies

Inc

(d),(e)

2,767‌

122‌

Dynatrace

Inc

(d)

571‌

36‌

Fastly

Inc

(d)

5,250‌

252‌

Guidewire

Software

Inc

(d)

4,166‌

480‌

Jack

Henry

&

Associates

Inc

2,710‌

472‌

Jamf

Holding

Corp

(d)

426‌

14‌

Manhattan

Associates

Inc

(d)

1,467‌

234‌

Medallia

Inc

(d)

2,329‌

79‌

MSCI

Inc

1,158‌

690‌

N-Able

Inc

(d)

1,733‌

24‌

Nuance

Communications

Inc

(d)

8,777‌

482‌

Paychex

Inc

2,048‌

233‌

Pegasystems

Inc

121‌

15‌

Signify

Health

Inc

(d)

1,203‌

32‌

SolarWinds

Corp

(d)

3,466‌

39‌

SS&C

Technologies

Holdings

Inc

11,134‌

873‌

Synopsys

Inc

(d)

2,759‌

795‌

Take-Two

Interactive

Software

Inc

(d)

68,353‌

11,854‌

Teradata

Corp

(d)

789‌

39‌

Tyler

Technologies

Inc

(d)

268‌

132‌

Zynga

Inc

(d)

25,989‌

262‌

$

35,079‌

Telecommunications

-

1

.13

%

Arista

Networks

Inc

(d)

318‌

121‌

Ciena

Corp

(d)

7,640‌

444‌

Corning

Inc

25,034‌

1,048‌

Juniper

Networks

Inc

16,114‌

453‌

Lumen

Technologies

Inc

54,691‌

682‌

Motorola

Solutions

Inc

133,418‌

29,875‌

Ubiquiti

Inc

39‌

12‌

Schedule

of

Investments

MidCap

Value

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

158

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Telecommunications

(continued)

Viasat

Inc

(d)

3,076‌

$

153‌

$

32,788‌

Textiles

-

0

.02

%

Mohawk

Industries

Inc

(d)

2,810‌

548‌

Toys,

Games

&

Hobbies

-

0

.02

%

Hasbro

Inc

6,327‌

629‌

Transportation

-

2

.90

%

CH

Robinson

Worldwide

Inc

54,740‌

4,881‌

Expeditors

International

of

Washington

Inc

112,447‌

14,421‌

JB

Hunt

Transport

Services

Inc

153,468‌

25,852‌

Kansas

City

Southern

3,302‌

884‌

Kirby

Corp

(d)

2,975‌

172‌

Knight-Swift

Transportation

Holdings

Inc

107,058‌

5,320‌

Landstar

System

Inc

203,917‌

32,015‌

Old

Dominion

Freight

Line

Inc

402‌

108‌

Ryder

System

Inc

2,616‌

199‌

Schneider

National

Inc

2,571‌

58‌

XPO

Logistics

Inc

(d)

654‌

91‌

$

84,001‌

Water

-

0

.07

%

American

Water

Works

Co

Inc

9,023‌

1,535‌

Essential

Utilities

Inc

11,189‌

550‌

$

2,085‌

TOTAL

COMMON

STOCKS

$

2,820,493‌

Total

Investments

$

2,893,024‌

Other

Assets

and

Liabilities

-  0.13%

3,813‌

TOTAL

NET

ASSETS

-

100.00%

$

2,896,837‌

(a)

Current

yield

shown

is

as

of

period

end.

(b)

Security

or

a

portion

of

the

security

was

received

as

collateral

for

securities

lending.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$1,643

or

0.06%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

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,

the

value

of

these

securities

totaled

$1,574

or

0.05%

of

net

assets.

Portfolio

Summary  (unaudited)

Sector

Percent

Financial

24

.75‌

%

Industrial

20

.97‌

%

Consumer,

Non-cyclical

15

.66‌

%

Consumer,

Cyclical

13

.65‌

%

Technology

7

.04‌

%

Basic

Materials

5

.57‌

%

Communications

3

.79‌

%

Energy

3

.54‌

%

Utilities

2

.40‌

%

Money

Market

Funds

2

.24‌

%

Investment

Companies

0

.26‌

%

Other

Assets

and

Liabilities

0

.13‌

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

22,289‌

$

760,513‌

$

719,491‌

$

63,311‌

$

22,289‌

$

760,513‌

$

719,491‌

$

63,311‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

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)

S&P

Mid

400

Emini;

September

2021

Long

69‌

$

18,621‌

$

341‌

Total

$

341‌

Amounts

in

thousands

except

contracts.

Schedule

of

Investments

Overseas

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

159

INVESTMENT

COMPANIES

-

2

.80

%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0

.26

%

iShares

MSCI

EAFE

Value

ETF

(a)

156,000‌

$

8,053‌

Money

Market

Funds

-

2

.54

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(b),(c)

11,218,693‌

11,218‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

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

66,031,972‌

66,032‌

$

77,250‌

TOTAL

INVESTMENT

COMPANIES

$

85,303‌

COMMON

STOCKS

-

97

.60

%

Shares

Held

Value

(000's)

Advertising

-

0

.05

%

Dentsu

Group

Inc

9,000‌

$

313‌

Hakuhodo

DY

Holdings

Inc

4,900‌

74‌

Publicis

Groupe

SA

9,350‌

590‌

WPP

PLC

51,384‌

665‌

$

1,642‌

Aerospace

&

Defense

-

6

.50

%

Airbus

SE

(e)

216,105‌

29,643‌

BAE

Systems

PLC

4,266,153‌

34,205‌

Elbit

Systems

Ltd

1,111‌

146‌

Rheinmetall

AG

352,908‌

33,865‌

Rolls-Royce

Holdings

PLC

(e)

33,273,495‌

45,955‌

Safran

SA

174,129‌

22,789‌

Thales

SA

300,483‌

31,537‌

$

198,140‌

Agriculture

-

0

.94

%

British

American

Tobacco

PLC

717,464‌

26,684‌

Imperial

Brands

PLC

39,687‌

850‌

Japan

Tobacco

Inc

50,200‌

981‌

$

28,515‌

Airlines

-

1

.25

%

Air

Canada

(e)

1,060,400‌

21,232‌

Deutsche

Lufthansa

AG

(a),(e)

6,267‌

71‌

Japan

Airlines

Co

Ltd

(e)

4,100‌

85‌

Qantas

Airways

Ltd

(e)

13,566‌

46‌

Ryanair

Holdings

PLC

ADR

(e)

151,748‌

16,546‌

$

37,980‌

Apparel

-

0

.78

%

Gildan

Activewear

Inc

692,000‌

23,856‌

Automobile

Manufacturers

-

2

.52

%

Bayerische

Motoren

Werke

AG

13,884‌

1,380‌

Daimler

AG

385,057‌

34,363‌

Hino

Motors

Ltd

12,000‌

105‌

Honda

Motor

Co

Ltd

941,200‌

30,230‌

Isuzu

Motors

Ltd

23,100‌

308‌

Mazda

Motor

Corp

(e)

15,600‌

154‌

Nissan

Motor

Co

Ltd

(e)

97,300‌

565‌

Renault

SA

(e)

8,060‌

306‌

Subaru

Corp

25,700‌

505‌

Suzuki

Motor

Corp

7,700‌

313‌

Toyota

Motor

Corp

88,810‌

7,973‌

Volkswagen

AG

1,360‌

451‌

$

76,653‌

Automobile

Parts

&

Equipment

-

1

.50

%

Aisin

Corp

4,100‌

166‌

Bridgestone

Corp

799,900‌

35,240‌

Cie

Generale

des

Etablissements

Michelin

SCA

7,104‌

1,160‌

Continental

AG

(e)

4,612‌

627‌

Koito

Manufacturing

Co

Ltd

1,600‌

98‌

NGK

Insulators

Ltd

10,800‌

173‌

Stanley

Electric

Co

Ltd

5,400‌

141‌

Sumitomo

Electric

Industries

Ltd

31,600‌

449‌

Toyota

Industries

Corp

6,100‌

512‌

Valeo

242,317‌

7,006‌

$

45,572‌

Banks

-

14

.12

%

ABN

AMRO

Bank

NV

(f)

17,737‌

207‌

Australia

&

New

Zealand

Banking

Group

Ltd

119,327‌

2,429‌

Banco

Bilbao

Vizcaya

Argentaria

SA

3,493,610‌

22,364‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Banks

(continued)

Banco

Santander

SA

727,187‌

$

2,664‌

Bank

Hapoalim

BM

(e)

30,952‌

246‌

Bank

Leumi

Le-Israel

BM

(e)

39,604‌

303‌

Bank

Mandiri

Persero

Tbk

PT

19,572,100‌

7,712‌

Bank

of

East

Asia

Ltd/The

54,600‌

90‌

Banque

Cantonale

Vaudoise

1,262‌

113‌

Barclays

PLC

7,823,144‌

18,925‌

BNP

Paribas

SA

135,696‌

8,274‌

BOC

Hong

Kong

Holdings

Ltd

9,288,300‌

29,827‌

CaixaBank

SA

8,040,250‌

23,879‌

Chiba

Bank

Ltd/The

22,200‌

126‌

Commerzbank

AG

(e)

42,013‌

271‌

Commonwealth

Bank

of

Australia

74,397‌

5,454‌

Concordia

Financial

Group

Ltd

45,600‌

163‌

Credicorp

Ltd

(e)

70,068‌

7,074‌

Credit

Agricole

SA

48,925‌

682‌

Credit

Suisse

Group

AG

1,598,561‌

16,049‌

Danske

Bank

A/S

28,924‌

507‌

Deutsche

Bank

AG

(e)

86,671‌

1,093‌

DNB

Bank

ASA

(e)

39,008‌

799‌

Erste

Group

Bank

AG

11,715‌

454‌

Grupo

Financiero

Banorte

SAB

de

CV

5,512,049‌

35,660‌

Hang

Seng

Bank

Ltd

32,000‌

613‌

HSBC

Holdings

PLC

6,974,843‌

38,502‌

ING

Groep

NV

3,655,595‌

46,904‌

Intesa

Sanpaolo

SpA

692,600‌

1,913‌

Investec

PLC

5,725,746‌

21,753‌

Israel

Discount

Bank

Ltd

(e)

17,086‌

80‌

Japan

Post

Bank

Co

Ltd

16,900‌

143‌

KBC

Group

NV

10,483‌

844‌

Lloyds

Banking

Group

PLC

2,971,511‌

1,879‌

Mediobanca

Banca

di

Credito

Finanziario

SpA

26,043‌

305‌

Mitsubishi

UFJ

Financial

Group

Inc

512,500‌

2,707‌

Mizrahi

Tefahot

Bank

Ltd

(e)

2,943‌

89‌

Mizuho

Financial

Group

Inc

101,100‌

1,445‌

National

Australia

Bank

Ltd

138,266‌

2,637‌

Natwest

Group

PLC

132,739‌

373‌

Nordea

Bank

Abp

(e)

135,869‌

1,591‌

Oversea-Chinese

Banking

Corp

Ltd

140,700‌

1,273‌

Raiffeisen

Bank

International

AG

6,206‌

147‌

Resona

Holdings

Inc

89,500‌

336‌

Shizuoka

Bank

Ltd/The

18,700‌

135‌

Skandinaviska

Enskilda

Banken

AB

68,249‌

923‌

Societe

Generale

SA

33,996‌

996‌

Standard

Chartered

PLC

112,501‌

674‌

Sumitomo

Mitsui

Financial

Group

Inc

627,500‌

21,153‌

Sumitomo

Mitsui

Trust

Holdings

Inc

14,107‌

463‌

Svenska

Handelsbanken

AB

61,167‌

689‌

Swedbank

AB

243,652‌

4,745‌

UBS

Group

AG

153,739‌

2,533‌

UniCredit

SpA

4,085,023‌

48,862‌

United

Overseas

Bank

Ltd

1,927,600‌

37,267‌

Westpac

Banking

Corp

153,843‌

2,763‌

$

430,102‌

Beverages

-

1

.26

%

Anheuser-Busch

InBev

SA/NV

31,952‌

2,017‌

Asahi

Group

Holdings

Ltd

19,100‌

860‌

Carlsberg

AS

4,318‌

798‌

Coca-Cola

Europacific

Partners

PLC

238,784‌

14,819‌

Coca-Cola

HBC

AG

(e)

8,402‌

317‌

Heineken

NV

5,434‌

633‌

Kirin

Holdings

Co

Ltd

34,400‌

629‌

Pernod

Ricard

SA

81,733‌

18,039‌

Suntory

Beverage

&

Food

Ltd

5,800‌

203‌

$

38,315‌

Biotechnology

-

0

.01

%

Argenx

SE

(e)

960‌

293‌

Schedule

of

Investments

Overseas

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

160

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Building

Materials

-

0

.93

%

AGC

Inc

4,100‌

$

175‌

Cie

de

Saint-Gobain

21,220‌

1,517‌

CRH

PLC

32,921‌

1,645‌

HeidelbergCement

AG

3,120‌

277‌

Holcim

Ltd

(e)

416,655‌

24,425‌

Rinnai

Corp

700‌

65‌

TOTO

Ltd

2,100‌

109‌

Xinyi

Glass

Holdings

Ltd

76,000‌

284‌

$

28,497‌

Chemicals

-

2

.89

%

Air

Liquide

SA

9,931‌

1,727‌

Akzo

Nobel

NV

215,228‌

26,587‌

Arkema

SA

2,575‌

328‌

Asahi

Kasei

Corp

52,500‌

572‌

BASF

SE

408,667‌

32,113‌

Brenntag

SE

6,478‌

647‌

Covestro

AG

(f)

8,101‌

522‌

EMS-Chemie

Holding

AG

103‌

114‌

Evonik

Industries

AG

8,792‌

306‌

ICL

Group

Ltd

29,539‌

215‌

Johnson

Matthey

PLC

530,390‌

21,923‌

LANXESS

AG

3,483‌

252‌

Mitsubishi

Chemical

Holdings

Corp

27,000‌

227‌

Mitsubishi

Gas

Chemical

Co

Inc

6,600‌

137‌

Mitsui

Chemicals

Inc

7,700‌

246‌

Nippon

Sanso

Holdings

Corp

6,300‌

139‌

Nitto

Denko

Corp

6,300‌

468‌

Solvay

SA

3,107‌

415‌

Sumitomo

Chemical

Co

Ltd

22,000‌

115‌

Toray

Industries

Inc

58,100‌

383‌

Tosoh

Corp

10,900‌

191‌

Yara

International

ASA

7,308‌

385‌

$

88,012‌

Commercial

Services

-

2

.81

%

Adecco

Group

AG

6,497‌

389‌

Amadeus

IT

Group

SA

(e)

597,750‌

39,201‌

Atlantia

SpA

(e)

1,337,046‌

24,252‌

Dai

Nippon

Printing

Co

Ltd

9,700‌

229‌

Randstad

NV

5,014‌

364‌

RELX

PLC

347,455‌

10,213‌

RELX

PLC

336,675‌

10,000‌

Secom

Co

Ltd

3,000‌

227‌

Securitas

AB

13,130‌

231‌

SGS

SA

126‌

408‌

TOPPAN

INC

10,900‌

185‌

$

85,699‌

Computers

-

0

.06

%

Atos

SE

4,150‌

198‌

CyberArk

Software

Ltd

(e)

1,055‌

150‌

Fujitsu

Ltd

8,200‌

1,395‌

$

1,743‌

Consumer

Products

-

0

.04

%

Henkel

AG

&

Co

KGaA

4,356‌

396‌

Reckitt

Benckiser

Group

PLC

10,460‌

800‌

$

1,196‌

Cosmetics

&

Personal

Care

-

1

.00

%

Kao

Corp

10,100‌

608‌

Pigeon

Corp

1,600‌

46‌

Pola

Orbis

Holdings

Inc

2,500‌

60‌

Unilever

PLC

518,430‌

29,837‌

$

30,551‌

Distribution

&

Wholesale

-

0

.87

%

ITOCHU

Corp

32,300‌

956‌

Marubeni

Corp

65,700‌

559‌

Mitsubishi

Corp

34,600‌

971‌

Mitsui

&

Co

Ltd

64,900‌

1,490‌

Rexel

SA

(e)

1,023,929‌

21,617‌

Sumitomo

Corp

47,400‌

644‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Distribution

&

Wholesale

(continued)

Toyota

Tsusho

Corp

8,900‌

$

420‌

$

26,657‌

Diversified

Financial

Services

-

2

.33

%

Abrdn

Plc

91,516‌

361‌

Amundi

SA

(f)

2,548‌

235‌

ASX

Ltd

5,276‌

299‌

Daiwa

Securities

Group

Inc

60,500‌

318‌

Hargreaves

Lansdown

PLC

9,698‌

220‌

Julius

Baer

Group

Ltd

543,305‌

35,859‌

Mitsubishi

HC

Capital

Inc

27,600‌

151‌

Nomura

Holdings

Inc

128,700‌

644‌

ORIX

Corp

1,851,300‌

32,390‌

SBI

Holdings

Inc/Japan

10,200‌

244‌

Schroders

PLC

5,212‌

265‌

Tokyo

Century

Corp

1,600‌

88‌

$

71,074‌

Electric

-

3

.53

%

AGL

Energy

Ltd

26,126‌

138‌

AusNet

Services

Ltd

79,702‌

107‌

Chubu

Electric

Power

Co

Inc

27,000‌

324‌

CLP

Holdings

Ltd

68,500‌

706‌

E.ON

SE

61,199‌

752‌

EDP

-

Energias

de

Portugal

SA

116,411‌

604‌

EDP

Renovaveis

SA

4,228‌

99‌

Electricite

de

France

SA

19,500‌

237‌

Endesa

SA

13,318‌

324‌

Enel

SpA

4,036,503‌

37,199‌

Engie

SA

76,593‌

1,021‌

Fortum

Oyj

942,859‌

25,976‌

HK

Electric

Investments

&

HK

Electric

Investments

Ltd

111,000‌

113‌

Iberdrola

SA

248,290‌

2,988‌

Kansai

Electric

Power

Co

Inc/The

29,500‌

278‌

Mercury

NZ

Ltd

28,563‌

132‌

Meridian

Energy

Ltd

53,731‌

195‌

National

Grid

PLC

148,836‌

1,903‌

Origin

Energy

Ltd

73,856‌

223‌

Orsted

AS

(f)

3,965‌

588‌

Power

Assets

Holdings

Ltd

58,000‌

375‌

Red

Electrica

Corp

SA

18,152‌

360‌

RWE

AG

873,881‌

31,072‌

SSE

PLC

(a)

43,703‌

876‌

Terna

-

Rete

Elettrica

Nazionale

59,002‌

468‌

Tohoku

Electric

Power

Co

Inc

17,900‌

136‌

Tokyo

Electric

Power

Co

Holdings

Inc

(e)

63,900‌

170‌

Uniper

SE

3,837‌

150‌

$

107,514‌

Electrical

Components

&

Equipment

-

0

.45

%

ABB

Ltd

319,869‌

11,694‌

Brother

Industries

Ltd

9,800‌

199‌

Casio

Computer

Co

Ltd

8,100‌

132‌

Legrand

SA

3,924‌

442‌

Schneider

Electric

SE

7,908‌

1,325‌

$

13,792‌

Electronics

-

1

.19

%

Hirose

Electric

Co

Ltd

700‌

105‌

Kyocera

Corp

13,400‌

828‌

Murata

Manufacturing

Co

Ltd

425,300‌

35,294‌

Yokogawa

Electric

Corp

9,500‌

146‌

$

36,373‌

Engineering

&

Construction

-

3

.61

%

ACS

Actividades

de

Construccion

y

Servicios

SA

10,284‌

270‌

Aena

SME

SA

(e),(f)

134,521‌

21,422‌

Aeroports

de

Paris

(e)

808‌

98‌

Auckland

International

Airport

Ltd

(e)

26,247‌

132‌

Balfour

Beatty

PLC

1,320,441‌

5,561‌

Beijing

Capital

International

Airport

Co

Ltd

(e)

9,906,000‌

5,693‌

Bouygues

SA

9,580‌

369‌

CK

Infrastructure

Holdings

Ltd

5,360,000‌

32,358‌

Schedule

of

Investments

Overseas

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

161

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Engineering

&

Construction

(continued)

Eiffage

SA

3,492‌

$

356‌

Ferrovial

SA

13,092‌

389‌

Infrastrutture

Wireless

Italiane

SpA

(f)

7,046‌

80‌

Kajima

Corp

18,800‌

242‌

Keppel

Corp

Ltd

61,000‌

247‌

Lendlease

Corp

Ltd

28,864‌

259‌

Obayashi

Corp

27,200‌

222‌

Shimizu

Corp

23,100‌

170‌

Skanska

AB

14,265‌

403‌

Taisei

Corp

8,000‌

270‌

Vinci

SA

392,032‌

41,506‌

$

110,047‌

Entertainment

-

0

.67

%

Flutter

Entertainment

PLC

(e)

3,489‌

595‌

Genting

Singapore

Ltd

32,430,100‌

19,351‌

Tabcorp

Holdings

Ltd

92,975‌

339‌

$

20,285‌

Food

-

3

.58

%

Ajinomoto

Co

Inc

9,700‌

247‌

Associated

British

Foods

PLC

919,373‌

25,565‌

Carrefour

SA

44,782‌

832‌

Chocoladefabriken

Lindt

&

Spruengli

AG

-

PC

21‌

235‌

Chocoladefabriken

Lindt

&

Spruengli

AG

-

REG

2‌

232‌

Danone

SA

663,050‌

48,770‌

Etablissements

Franz

Colruyt

NV

2,283‌

130‌

ICA

Gruppen

AB

4,216‌

208‌

J

Sainsbury

PLC

69,964‌

275‌

Koninklijke

Ahold

Delhaize

NV

43,852‌

1,363‌

MEIJI

Holdings

Co

Ltd

5,100‌

316‌

Mowi

ASA

6,452‌

164‌

NH

Foods

Ltd

3,400‌

137‌

Nisshin

Seifun

Group

Inc

8,200‌

132‌

Nissin

Foods

Holdings

Co

Ltd

1,300‌

92‌

Ocado

Group

PLC

(e)

10,204‌

263‌

Orkla

ASA

31,496‌

286‌

Seven

&

i

Holdings

Co

Ltd

626,400‌

27,950‌

Tesco

PLC

324,231‌

1,050‌

Toyo

Suisan

Kaisha

Ltd

1,800‌

69‌

WH

Group

Ltd

(f)

401,500‌

333‌

Wm

Morrison

Supermarkets

PLC

101,051‌

376‌

$

109,025‌

Food

Service

-

1

.20

%

Compass

Group

PLC

(e)

1,725,302‌

36,456‌

Forest

Products

&

Paper

-

0

.09

%

Mondi

PLC

20,361‌

564‌

Oji

Holdings

Corp

34,200‌

197‌

Smurfit

Kappa

Group

PLC

10,276‌

580‌

Stora

Enso

Oyj

24,394‌

483‌

UPM-Kymmene

Oyj

22,382‌

915‌

$

2,739‌

Gas

-

1

.43

%

Centrica

PLC

(e)

35,036,481‌

22,109‌

Enagas

SA

10,436‌

240‌

Hong

Kong

&

China

Gas

Co

Ltd

468,300‌

762‌

Naturgy

Energy

Group

SA

12,197‌

315‌

Osaka

Gas

Co

Ltd

15,700‌

293‌

Snam

SpA

3,200,511‌

19,359‌

Toho

Gas

Co

Ltd

2,000‌

97‌

Tokyo

Gas

Co

Ltd

15,700‌

297‌

$

43,472‌

Hand

&

Machine

Tools

-

0

.01

%

Fuji

Electric

Co

Ltd

5,300‌

232‌

Healthcare

-

Products

-

0

.09

%

Alcon

Inc

10,476‌

763‌

EssilorLuxottica

SA

7,777‌

1,468‌

Smith

&

Nephew

PLC

23,907‌

488‌

$

2,719‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Healthcare

-

Services

-

0

.06

%

Fresenius

Medical

Care

AG

&

Co

KGaA

8,601‌

$

678‌

Fresenius

SE

&

Co

KGaA

17,534‌

921‌

Ryman

Healthcare

Ltd

17,822‌

164‌

$

1,763‌

Holding

Companies

-

Diversified

-

0

.05

%

CK

Hutchison

Holdings

Ltd

113,000‌

826‌

Jardine

Matheson

Holdings

Ltd

8,995‌

535‌

Swire

Pacific

Ltd

20,500‌

127‌

$

1,488‌

Home

Builders

-

0

.10

%

Barratt

Developments

PLC

42,703‌

417‌

Berkeley

Group

Holdings

PLC

5,148‌

347‌

Daiwa

House

Industry

Co

Ltd

23,700‌

727‌

Iida

Group

Holdings

Co

Ltd

6,100‌

147‌

Persimmon

PLC

13,380‌

540‌

Sekisui

Chemical

Co

Ltd

15,900‌

274‌

Sekisui

House

Ltd

(a)

25,800‌

511‌

$

2,963‌

Home

Furnishings

-

0

.04

%

Hoshizaki

Corp

1,100‌

92‌

Panasonic

Corp

92,500‌

1,117‌

$

1,209‌

Insurance

-

6

.57

%

Admiral

Group

PLC

8,086‌

382‌

Aegon

NV

75,037‌

319‌

Ageas

SA/NV

7,342‌

388‌

Allianz

SE

17,288‌

4,297‌

Assicurazioni

Generali

SpA

46,263‌

922‌

Aviva

PLC

164,750‌

885‌

AXA

SA

2,342,287‌

60,658‌

Baloise

Holding

AG

1,943‌

306‌

CNP

Assurances

7,198‌

122‌

Dai-ichi

Life

Holdings

Inc

42,900‌

790‌

Direct

Line

Insurance

Group

PLC

57,222‌

237‌

Gjensidige

Forsikring

ASA

8,386‌

192‌

Hannover

Rueck

SE

2,528‌

425‌

Insurance

Australia

Group

Ltd

103,374‌

369‌

Japan

Post

Holdings

Co

Ltd

(e)

66,000‌

560‌

Japan

Post

Insurance

Co

Ltd

9,400‌

167‌

Legal

&

General

Group

PLC

250,243‌

907‌

M&G

PLC

109,028‌

341‌

MS&AD

Insurance

Group

Holdings

Inc

18,600‌

575‌

Muenchener

Rueckversicherungs-Gesellschaft

AG

in

Muenchen

3,820‌

1,031‌

NN

Group

NV

11,774‌

585‌

Phoenix

Group

Holdings

PLC

27,220‌

257‌

Prudential

PLC

2,657,842‌

49,912‌

QBE

Insurance

Group

Ltd

61,860‌

496‌

Sampo

Oyj

515,317‌

24,801‌

SCOR

SE

6,648‌

186‌

Sompo

Holdings

Inc

398,100‌

16,458‌

Suncorp

Group

Ltd

53,702‌

456‌

Swiss

Life

Holding

AG

1,341‌

692‌

Swiss

Re

AG

12,647‌

1,147‌

T&D

Holdings

Inc

22,500‌

288‌

Tokio

Marine

Holdings

Inc

26,400‌

1,258‌

Tryg

A/S

15,098‌

373‌

Zurich

Insurance

Group

AG

72,578‌

29,261‌

$

200,043‌

Internet

-

0

.04

%

Just

Eat

Takeaway.com

NV

(e),(f)

4,885‌

434‌

Rakuten

Group

Inc

12,700‌

140‌

Trend

Micro

Inc/Japan

1,900‌

99‌

United

Internet

AG

4,068‌

168‌

Wix.com

Ltd

(e)

1,166‌

348‌

Z

Holdings

Corp

38,900‌

195‌

$

1,384‌

Schedule

of

Investments

Overseas

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

162

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Investment

Companies

-

0

.05

%

BGP

Holdings

PLC

(e),(g)

738,711‌

$

—‌

EXOR

NV

4,547‌

373‌

Groupe

Bruxelles

Lambert

SA

4,736‌

551‌

Industrivarden

AB

-

A

Shares

4,480‌

179‌

Industrivarden

AB

-

C

Shares

6,696‌

256‌

L

E

Lundbergforetagen

AB

2,070‌

148‌

$

1,507‌

Iron

&

Steel

-

0

.65

%

ArcelorMittal

SA

499,799‌

17,456‌

Evraz

PLC

21,382‌

183‌

Fortescue

Metals

Group

Ltd

71,013‌

1,297‌

Hitachi

Metals

Ltd

4,400‌

86‌

JFE

Holdings

Inc

20,600‌

250‌

Nippon

Steel

Corp

35,800‌

621‌

$

19,893‌

Leisure

Products

&

Services

-

0

.01

%

Yamaha

Corp

1,900‌

105‌

Yamaha

Motor

Co

Ltd

11,700‌

293‌

$

398‌

Lodging

-

1

.99

%

Accor

SA

(e)

718,761‌

25,437‌

City

Developments

Ltd

17,000‌

86‌

Galaxy

Entertainment

Group

Ltd

(e)

31,000‌

210‌

Melco

Resorts

&

Entertainment

Ltd

ADR

(e)

9,001‌

125‌

Sands

China

Ltd

(e)

4,202,800‌

14,315‌

SJM

Holdings

Ltd

(e)

22,541,083‌

20,330‌

Whitbread

PLC

(e)

5,503‌

233‌

$

60,736‌

Machinery

-

Construction

&

Mining

-

0

.11

%

Hitachi

Construction

Machinery

Co

Ltd

4,500‌

127‌

Hitachi

Ltd

26,300‌

1,513‌

Mitsubishi

Electric

Corp

76,500‌

1,038‌

Mitsubishi

Heavy

Industries

Ltd

13,400‌

387‌

Siemens

Energy

AG

(e)

8,379‌

228‌

$

3,293‌

Machinery

-

Diversified

-

1

.64

%

FANUC

Corp

114,100‌

25,555‌

KION

Group

AG

218,690‌

23,224‌

Kone

Oyj

4,988‌

413‌

Kubota

Corp

28,100‌

588‌

Omron

Corp

2,800‌

239‌

$

50,019‌

Media

-

0

.73

%

Bollore

SA

37,064‌

207‌

Informa

PLC

(e)

3,002,463‌

20,631‌

Pearson

PLC

31,606‌

381‌

Vivendi

SE

29,842‌

1,008‌

$

22,227‌

Metal

Fabrication

&

Hardware

-

0

.02

%

NSK

Ltd

16,100‌

133‌

SKF

AB

16,003‌

426‌

$

559‌

Mining

-

0

.49

%

Anglo

American

PLC

54,304‌

2,406‌

BHP

Group

Ltd

80,299‌

3,154‌

BHP

Group

PLC

88,569‌

2,867‌

Boliden

AB

(e)

11,469‌

447‌

Norsk

Hydro

ASA

56,396‌

375‌

Rio

Tinto

Ltd

15,567‌

1,526‌

Rio

Tinto

PLC

47,063‌

3,998‌

Sumitomo

Metal

Mining

Co

Ltd

3,700‌

150‌

$

14,923‌

Miscellaneous

Manufacturers

-

1

.67

%

Alstom

SA

(a)

434,417‌

18,018‌

Siemens

AG

208,244‌

32,493‌

Smiths

Group

PLC

16,621‌

359‌

$

50,870‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Office

&

Business

Equipment

-

0

.07

%

Canon

Inc

41,900‌

$

965‌

FUJIFILM

Holdings

Corp

15,000‌

1,077‌

Seiko

Epson

Corp

11,700‌

201‌

$

2,243‌

Oil

&

Gas

-

5

.67

%

BP

PLC

7,317,650‌

29,373‌

DCC

PLC

336,527‌

28,175‌

Ecopetrol

SA

ADR

(a)

2,223,130‌

30,035‌

ENEOS

Holdings

Inc

128,610‌

540‌

Eni

SpA

105,840‌

1,252‌

Equinor

ASA

40,983‌

798‌

Galp

Energia

SGPS

SA

21,020‌

205‌

Idemitsu

Kosan

Co

Ltd

8,700‌

205‌

Inpex

Corp

42,900‌

304‌

Lundin

Energy

AB

1,044,300‌

32,556‌

Neste

Oyj

8,869‌

545‌

OMV

AG

6,175‌

334‌

Repsol

SA

62,462‌

684‌

Royal

Dutch

Shell

PLC

-

A

Shares

171,986‌

3,457‌

Royal

Dutch

Shell

PLC

-

B

Shares

155,419‌

3,071‌

Santos

Ltd

27,516‌

130‌

TotalEnergies

SE

926,203‌

40,389‌

Woodside

Petroleum

Ltd

40,351‌

648‌

$

172,701‌

Pharmaceuticals

-

8

.58

%

Astellas

Pharma

Inc

78,000‌

1,242‌

AstraZeneca

PLC

230,634‌

26,502‌

Bayer

AG

285,790‌

17,027‌

Daiichi

Sankyo

Co

Ltd

24,900‌

493‌

GlaxoSmithKline

PLC

1,689,706‌

33,362‌

Hisamitsu

Pharmaceutical

Co

Inc

1,100‌

48‌

Medipal

Holdings

Corp

7,600‌

143‌

Novartis

AG

568,913‌

52,612‌

Orion

Oyj

4,449‌

189‌

Otsuka

Holdings

Co

Ltd

16,300‌

648‌

Roche

Holding

AG

94,306‌

36,432‌

Sanofi

467,172‌

48,154‌

Santen

Pharmaceutical

Co

Ltd

15,100‌

205‌

Shionogi

&

Co

Ltd

11,100‌

585‌

Sumitomo

Dainippon

Pharma

Co

Ltd

7,500‌

130‌

Taisho

Pharmaceutical

Holdings

Co

Ltd

1,400‌

78‌

Takeda

Pharmaceutical

Co

Ltd

1,276,200‌

42,480‌

Teva

Pharmaceutical

Industries

Ltd

ADR

(e)

45,982‌

444‌

UCB

SA

5,301‌

573‌

$

261,347‌

Pipelines

-

1

.55

%

APA

Group

17,316‌

122‌

Enbridge

Inc

877,100‌

34,575‌

Koninklijke

Vopak

NV

295,758‌

12,523‌

$

47,220‌

Private

Equity

-

0

.02

%

3i

Group

PLC

26,527‌

471‌

Real

Estate

-

2

.51

%

Aroundtown

SA

27,232‌

213‌

Azrieli

Group

Ltd

1,778‌

142‌

CapitaLand

Ltd

110,500‌

328‌

CK

Asset

Holdings

Ltd

84,500‌

575‌

Daito

Trust

Construction

Co

Ltd

2,700‌

317‌

Hang

Lung

Properties

Ltd

84,000‌

217‌

Henderson

Land

Development

Co

Ltd

60,438‌

270‌

Hongkong

Land

Holdings

Ltd

5,403,375‌

24,515‌

Hulic

Co

Ltd

5,600‌

64‌

Mitsubishi

Estate

Co

Ltd

49,500‌

777‌

Mitsui

Fudosan

Co

Ltd

1,006,940‌

23,550‌

New

World

Development

Co

Ltd

63,451‌

301‌

Nomura

Real

Estate

Holdings

Inc

4,800‌

119‌

Sino

Land

Co

Ltd

138,000‌

211‌

Sumitomo

Realty

&

Development

Co

Ltd

12,900‌

420‌

Sun

Hung

Kai

Properties

Ltd

54,383‌

778‌

Schedule

of

Investments

Overseas

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

163

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Real

Estate

(continued)

Swire

Properties

Ltd

7,488,000‌

$

21,297‌

Swiss

Prime

Site

AG

3,185‌

339‌

UOL

Group

Ltd

9,700‌

52‌

Vonovia

SE

22,544‌

1,501‌

Wharf

Real

Estate

Investment

Co

Ltd

69,000‌

390‌

$

76,376‌

REITs

-

0

.27

%

Ascendas

Real

Estate

Investment

Trust

67,400‌

155‌

British

Land

Co

PLC/The

36,918‌

261‌

CapitaLand

Integrated

Commercial

Trust

189,908‌

301‌

Covivio

2,180‌

205‌

Daiwa

House

REIT

Investment

Corp

82‌

244‌

Dexus/AU

45,544‌

344‌

Gecina

SA

1,924‌

305‌

GLP

J-Reit

(e)

172‌

308‌

GPT

Group/The

81,686‌

280‌

Japan

Metropolitan

Fund

Invest

292‌

306‌

Japan

Real

Estate

Investment

Corp

52‌

327‌

Klepierre

SA

8,654‌

209‌

Land

Securities

Group

PLC

29,539‌

291‌

Link

REIT

87,200‌

833‌

Mirvac

Group

165,122‌

347‌

Nippon

Building

Fund

Inc

62‌

401‌

Nippon

Prologis

REIT

Inc

86‌

287‌

Nomura

Real

Estate

Master

Fund

Inc

177‌

281‌

Orix

JREIT

Inc

109‌

208‌

Scentre

Group

217,659‌

416‌

Segro

PLC

49,968‌

845‌

Stockland

100,103‌

324‌

Unibail-Rodamco-Westfield

(e)

5,227‌

435‌

United

Urban

Investment

Corp

124‌

182‌

Vicinity

Centres

162,266‌

185‌

$

8,280‌

Retail

-

2

.21

%

ABC-Mart

Inc

1,300‌

72‌

Chow

Tai

Fook

Jewellery

Group

Ltd

83,800‌

176‌

Cie

Financiere

Richemont

SA

191,859‌

24,552‌

E-MART

Inc

130,232‌

19,102‌

Kingfisher

PLC

88,514‌

455‌

Lawson

Inc

2,100‌

105‌

Ryohin

Keikaku

Co

Ltd

5,200‌

105‌

Swatch

Group

AG/The

-

BR

1,212‌

404‌

Swatch

Group

AG/The

-

REG

2,205‌

143‌

USS

Co

Ltd

5,900‌

103‌

WH

Smith

PLC

(e)

980,844‌

22,122‌

Yamada

Holdings

Co

Ltd

28,500‌

135‌

$

67,474‌

Semiconductors

-

2

.92

%

Infineon

Technologies

AG

203,906‌

7,792‌

Rohm

Co

Ltd

1,200‌

117‌

Samsung

Electronics

Co

Ltd

725,253‌

49,561‌

SK

Hynix

Inc

323,185‌

31,639‌

$

89,109‌

Shipbuilding

-

0

.01

%

Wartsila

OYJ

Abp

12,904‌

194‌

Software

-

1

.41

%

Sage

Group

PLC/The

29,879‌

291‌

SAP

SE

298,063‌

42,776‌

$

43,067‌

Telecommunications

-

1

.30

%

BT

Group

PLC

(e)

374,296‌

902‌

Deutsche

Telekom

AG

90,852‌

1,886‌

Elisa

Oyj

2,981‌

192‌

Eutelsat

Communications

SA

1,853,008‌

20,163‌

HKT

Trust

&

HKT

Ltd

158,000‌

215‌

KDDI

Corp

67,600‌

2,067‌

Koninklijke

KPN

NV

(a)

141,000‌

463‌

Nippon

Telegraph

&

Telephone

Corp

53,900‌

1,380‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Telecommunications

(continued)

Nokia

OYJ

(e)

226,102‌

$

1,389‌

Orange

SA

83,662‌

931‌

Proximus

SADP

6,377‌

131‌

Singapore

Telecommunications

Ltd

225,200‌

377‌

SoftBank

Corp

120,300‌

1,571‌

SoftBank

Group

Corp

34,200‌

2,151‌

Spark

New

Zealand

Ltd

77,658‌

256‌

Swisscom

AG

1,085‌

652‌

Tele2

AB

21,002‌

309‌

Telecom

Italia

SpA/Milano

417,851‌

183‌

Telecom

Italia

SpA/Milano

-

RSP

252,777‌

118‌

Telefonica

Deutschland

Holding

AG

43,658‌

118‌

Telefonica

SA

219,005‌

1,002‌

Telenor

ASA

29,343‌

509‌

Telia

Co

AB

111,475‌

489‌

Telstra

Corp

Ltd

174,562‌

486‌

Vodafone

Group

PLC

1,125,308‌

1,809‌

$

39,749‌

Transportation

-

0

.23

%

AP

Moller

-

Maersk

A/S

-

B

89‌

247‌

Aurizon

Holdings

Ltd

77,774‌

221‌

Central

Japan

Railway

Co

6,000‌

873‌

Deutsche

Post

AG

41,567‌

2,817‌

East

Japan

Railway

Co

8,300‌

553‌

Getlink

SE

6,457‌

103‌

Hankyu

Hanshin

Holdings

Inc

9,500‌

281‌

Keisei

Electric

Railway

Co

Ltd

1,900‌

57‌

Kintetsu

Group

Holdings

Co

Ltd

(e)

2,600‌

88‌

MTR

Corp

Ltd

64,500‌

382‌

Nippon

Express

Co

Ltd

3,200‌

234‌

Nippon

Yusen

KK

6,700‌

362‌

Odakyu

Electric

Railway

Co

Ltd

4,500‌

107‌

Poste

Italiane

SpA

(f)

21,908‌

290‌

Tokyu

Corp

10,600‌

142‌

West

Japan

Railway

Co

4,500‌

244‌

$

7,001‌

Water

-

0

.92

%

Severn

Trent

PLC

10,016‌

389‌

Suez

SA

14,492‌

338‌

United

Utilities

Group

PLC

28,594‌

426‌

Veolia

Environnement

SA

817,768‌

26,821‌

$

27,974‌

TOTAL

COMMON

STOCKS

$

2,973,632‌

PREFERRED

STOCKS

-

0

.21

%

Shares

Held

Value

(000's)

Automobile

Manufacturers

-

0

.18

%

Bayerische

Motoren

Werke

AG

1.92%

2,384‌

$

205‌

Porsche

Automobil

Holding

SE

2.21%

3,210‌

347‌

Volkswagen

AG

4.86%

20,443‌

4,980‌

$

5,532‌

Chemicals

-

0

.00

%

FUCHS

PETROLUB

SE

0.99%

1,021‌

51‌

Consumer

Products

-

0

.03

%

Henkel

AG

&

Co

KGaA

1.85%

7,470‌

757‌

TOTAL

PREFERRED

STOCKS

$

6,340‌

CONVERTIBLE

BONDS

-

0

.13

%

Principal

Amount

(000's)

Value

(000's)

Banks

-

0

.13

%

Credit

Suisse

Group

Guernsey

VII

Ltd

3.00%,

11/12/2021

(a),(f)

CHF

545‌

$

635‌

3.00%,

11/12/2021

(f),(h)

3,000‌

3,494‌

$

4,129‌

TOTAL

CONVERTIBLE

BONDS

$

4,129‌

Total

Investments

$

3,069,404‌

Other

Assets

and

Liabilities

-  (0.74)%

(

22,576‌

)

TOTAL

NET

ASSETS

-

100.00%

$

3,046,828‌

Schedule

of

Investments

Overseas

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

164

(a)

Security

or

a

portion

of

the

security

was

on

loan.  At

the

end

of

the

period,

the

value

of

these

securities

totaled

$26,921

or

0.88%

of

net

assets.

(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

$28,498

or

0.94%

of

net

assets.

(d)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(e)

Non-income

producing

security

(f)

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$28,240

or

0.93%

of

net

assets.

(g)

The

value

of

these

investments

was

determined

using

significant

unobservable

inputs,

in

good

faith

by

the

Manager,

under

procedures

established

and

periodically

reviewed

by

the

Board

of

Directors.

(h)

Restricted

Security.

Please

see

Restricted

Securities

sub-schedule

for

additional

information.

Portfolio

Summary  (unaudited)

Location

Percent

United

Kingdom

18

.18‌

%

France

15

.98‌

%

Japan

11

.86‌

%

Germany

9

.27‌

%

Switzerland

7

.85‌

%

Hong

Kong

4

.52‌

%

Italy

4

.43‌

%

Spain

3

.83‌

%

Korea,

Republic

Of

3

.30‌

%

Netherlands

3

.18‌

%

United

States

2

.80‌

%

Canada

2

.62‌

%

Singapore

1

.94‌

%

Finland

1

.88‌

%

Ireland

1

.56‌

%

Sweden

1

.38‌

%

Mexico

1

.17‌

%

Colombia

0

.99‌

%

Australia

0

.91‌

%

South

Africa

0

.71‌

%

Luxembourg

0

.58‌

%

Macao

0

.47‌

%

Indonesia

0

.25‌

%

Peru

0

.23‌

%

China

0

.19‌

%

Belgium

0

.16‌

%

Guernsey

0

.13‌

%

Norway

0

.13‌

%

Denmark

0

.08‌

%

Israel

0

.06‌

%

Austria

0

.04‌

%

New

Zealand

0

.03‌

%

Portugal

0

.03‌

%

Other

Assets

and

Liabilities

(

0

.74‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

32,634‌

$

1,600,243‌

$

1,566,845‌

$

66,032‌

$

32,634‌

$

1,600,243‌

$

1,566,845‌

$

66,032‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Restricted

Securities

Security

Name

Acquisition

Date

Cost

Value

Percent

of

Net

Assets

Credit

Suisse

Group

Guernsey

VII

Ltd  

3.00%,

11/12/2021

04/23/2021

$

3,285‌

$

3,494‌

0.11%

Total

$

3,494‌

0.11%

Amounts

in

thousands.

Futures

Contracts

Description

and

Expiration

Date

Type

Contracts

Notional

Amount

Value

and

Unrealized

Appreciation/(Depreciation)

eMini

MSCI

EAFE;

September

2021

Long

135‌

$

15,656‌

$

(

5‌

)

Total

$

(

5‌

)

Amounts

in

thousands

except

contracts.

Schedule

of

Investments

Principal

Capital

Appreciation

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

165

INVESTMENT

COMPANIES

-

0

.97

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

0

.97

%

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c)

21,805,132‌

$

21,805‌

TOTAL

INVESTMENT

COMPANIES

$

21,805‌

COMMON

STOCKS

-

98

.42

%

Shares

Held

Value

(000's)

Aerospace

&

Defense

-

0

.20

%

Teledyne

Technologies

Inc

(b)

10,021‌

$

4,537‌

Apparel

-

2

.16

%

Deckers

Outdoor

Corp

(b)

86,289‌

35,452‌

NIKE

Inc

79,530‌

13,322‌

$

48,774‌

Automobile

Manufacturers

-

1

.05

%

PACCAR

Inc

286,506‌

23,777‌

Banks

-

3

.74

%

JPMorgan

Chase

&

Co

370,876‌

56,291‌

PNC

Financial

Services

Group

Inc/The

153,959‌

28,084‌

$

84,375‌

Beverages

-

1

.73

%

Keurig

Dr

Pepper

Inc

775,123‌

27,292‌

PepsiCo

Inc

75,171‌

11,798‌

$

39,090‌

Chemicals

-

1

.44

%

Air

Products

and

Chemicals

Inc

48,632‌

14,153‌

FMC

Corp

172,271‌

18,425‌

$

32,578‌

Commercial

Services

-

0

.98

%

PayPal

Holdings

Inc

(b)

80,563‌

22,198‌

Computers

-

5

.13

%

Apple

Inc

792,934‌

115,657‌

Consumer

Products

-

0

.98

%

Church

&

Dwight

Co

Inc

254,139‌

22,003‌

Diversified

Financial

Services

-

6

.01

%

Ameriprise

Financial

Inc

67,066‌

17,274‌

BlackRock

Inc

25,263‌

21,907‌

Charles

Schwab

Corp/The

413,560‌

28,101‌

Discover

Financial

Services

165,598‌

20,587‌

Nasdaq

Inc

120,868‌

22,570‌

Visa

Inc

102,492‌

25,253‌

$

135,692‌

Electric

-

2

.51

%

NextEra

Energy

Inc

496,668‌

38,691‌

Xcel

Energy

Inc

262,550‌

17,919‌

$

56,610‌

Electronics

-

1

.33

%

Honeywell

International

Inc

128,652‌

30,078‌

Environmental

Control

-

1

.00

%

Republic

Services

Inc

190,598‌

22,559‌

Food

-

0

.38

%

McCormick

&

Co

Inc/MD

101,506‌

8,544‌

Healthcare

-

Products

-

5

.03

%

Abbott

Laboratories

371,610‌

44,957‌

Edwards

Lifesciences

Corp

(b)

145,758‌

16,364‌

Medtronic

PLC

129,994‌

17,070‌

Thermo

Fisher

Scientific

Inc

64,870‌

35,031‌

$

113,422‌

Healthcare

-

Services

-

2

.22

%

UnitedHealth

Group

Inc

93,365‌

38,487‌

Universal

Health

Services

Inc

72,679‌

11,658‌

$

50,145‌

Insurance

-

2

.28

%

Chubb

Ltd

26,036‌

4,393‌

Fidelity

National

Financial

Inc

101,852‌

4,544‌

Marsh

&

McLennan

Cos

Inc

177,964‌

26,200‌

Progressive

Corp/The

172,378‌

16,403‌

$

51,540‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Internet

-

10

.45

%

Alphabet

Inc

-

A

Shares

(b)

33,245‌

$

89,580‌

Amazon.com

Inc

(b)

22,006‌

73,227‌

Facebook

Inc

(b)

157,964‌

56,282‌

Netflix

Inc

(b)

21,537‌

11,147‌

Pinterest

Inc

(b)

94,284‌

5,553‌

$

235,789‌

Machinery

-

Construction

&

Mining

-

0

.94

%

Epiroc

AB

-

A

Shares

913,980‌

21,291‌

Machinery

-

Diversified

-

1

.13

%

Deere

&

Co

70,714‌

25,570‌

Media

-

2

.19

%

Comcast

Corp

-

Class

A

569,055‌

33,478‌

Nexstar

Media

Group

Inc

76,817‌

11,297‌

Walt

Disney

Co/The

(b)

25,706‌

4,525‌

$

49,300‌

Oil

&

Gas

-

2

.81

%

Chevron

Corp

565,315‌

57,554‌

Valero

Energy

Corp

85,930‌

5,755‌

$

63,309‌

Packaging

&

Containers

-

0

.87

%

Ball

Corp

241,551‌

19,537‌

Pharmaceuticals

-

6

.47

%

Becton

Dickinson

and

Co

22,545‌

5,766‌

Bristol-Myers

Squibb

Co

299,065‌

20,297‌

Dexcom

Inc

(b)

16,647‌

8,582‌

Eli

Lilly

&

Co

106,218‌

25,864‌

Johnson

&

Johnson

158,427‌

27,281‌

Merck

&

Co

Inc

401,901‌

30,894‌

Pfizer

Inc

326,064‌

13,959‌

Roche

Holding

AG

ADR

274,554‌

13,250‌

$

145,893‌

REITs

-

3

.43

%

Alexandria

Real

Estate

Equities

Inc

107,081‌

21,560‌

American

Tower

Corp

64,806‌

18,327‌

Extra

Space

Storage

Inc

117,713‌

20,498‌

Prologis

Inc

132,825‌

17,007‌

$

77,392‌

Retail

-

8

.78

%

Costco

Wholesale

Corp

124,410‌

53,461‌

Home

Depot

Inc/The

71,690‌

23,528‌

Lululemon

Athletica

Inc

(b)

52,407‌

20,972‌

O'Reilly

Automotive

Inc

(b)

34,160‌

20,627‌

Starbucks

Corp

165,825‌

20,136‌

Target

Corp

123,696‌

32,291‌

Tractor

Supply

Co

149,174‌

26,990‌

$

198,005‌

Semiconductors

-

5

.46

%

Broadcom

Inc

72,764‌

35,320‌

Lam

Research

Corp

45,708‌

29,135‌

Microchip

Technology

Inc

118,163‌

16,911‌

NVIDIA

Corp

117,876‌

22,984‌

Taiwan

Semiconductor

Manufacturing

Co

Ltd

ADR

161,280‌

18,812‌

$

123,162‌

Software

-

13

.44

%

Adobe

Inc

(b)

93,029‌

57,830‌

Black

Knight

Inc

(b)

131,756‌

10,911‌

Fair

Isaac

Corp

(b)

47,187‌

24,722‌

Fidelity

National

Information

Services

Inc

30,262‌

4,510‌

Microsoft

Corp

478,308‌

136,275‌

Roper

Technologies

Inc

36,554‌

17,960‌

salesforce.com

Inc

(b)

117,716‌

28,479‌

ServiceNow

Inc

(b)

38,256‌

22,490‌

$

303,177‌

Telecommunications

-

1

.97

%

T-Mobile

US

Inc

(b)

261,147‌

37,611‌

Verizon

Communications

Inc

122,303‌

6,822‌

$

44,433‌

Schedule

of

Investments

Principal

Capital

Appreciation

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

166

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Transportation

-

2

.31

%

Expeditors

International

of

Washington

Inc

214,490‌

$

27,508‌

Union

Pacific

Corp

112,303‌

24,568‌

$

52,076‌

TOTAL

COMMON

STOCKS

$

2,220,513‌

Total

Investments

$

2,242,318‌

Other

Assets

and

Liabilities

-  0.61%

13,757‌

TOTAL

NET

ASSETS

-

100.00%

$

2,256,075‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

(c)

Current

yield

shown

is

as

of

period

end.

Portfolio

Summary  (unaudited)

Sector

Percent

Technology

24

.03‌

%

Consumer,

Non-cyclical

17

.79‌

%

Financial

15

.46‌

%

Communications

14

.61‌

%

Consumer,

Cyclical

11

.99‌

%

Industrial

7

.78‌

%

Energy

2

.81‌

%

Utilities

2

.51‌

%

Basic

Materials

1

.44‌

%

Money

Market

Funds

0

.97‌

%

Other

Assets

and

Liabilities

0

.61‌

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

31,622‌

$

322,116‌

$

331,933‌

$

21,805‌

$

31,622‌

$

322,116‌

$

331,933‌

$

21,805‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

Principal

LifeTime

2010

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

167

INVESTMENT

COMPANIES

-

100

.01

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

58

.14

%

Blue

Chip

Fund

(a)

681,787‌

$

28,771‌

Core

Fixed

Income

Fund

(a)

25,702,004‌

260,618‌

Diversified

International

Fund

(a)

2,313,408‌

37,200‌

Diversified

Real

Asset

Fund

(a)

935,907‌

12,579‌

International

Small

Company

Fund

(a)

603,071‌

8,003‌

LargeCap

Growth

Fund

I

(a)

1,120,989‌

27,083‌

MidCap

Fund

(a),(b)

305,327‌

12,995‌

MidCap

Value

Fund

I

(a)

701,980‌

13,050‌

Origin

Emerging

Markets

Fund

(a)

758,912‌

10,663‌

SmallCap

Growth

Fund

I

(a)

326,415‌

6,430‌

SmallCap

Value

Fund

II

(a)

494,749‌

6,827‌

$

424,219‌

Principal

Funds,

Inc.

Institutional

Class

-

41

.87

%

Equity

Income

Fund

(a)

633,137‌

25,724‌

High

Income

Fund

(a)

5,248,489‌

49,546‌

Inflation

Protection

Fund

(a)

3,302,164‌

32,460‌

LargeCap

S&P

500

Index

Fund

(a)

645,844‌

16,411‌

LargeCap

Value

Fund

III

(a)

1,287,990‌

25,940‌

Overseas

Fund

(a)

2,149,630‌

24,140‌

Short-Term

Income

Fund

(a)

10,579,731‌

131,295‌

$

305,516‌

TOTAL

INVESTMENT

COMPANIES

$

729,735‌

Total

Investments

$

729,735‌

Other

Assets

and

Liabilities

-  (0.01)%

(

77‌

)

TOTAL

NET

ASSETS

-

100.00%

$

729,658‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Fixed

Income

Funds

70

.05‌

%

Domestic

Equity

Funds

22

.37‌

%

International

Equity

Funds

5

.87‌

%

Specialty

Funds

1

.72‌

%

Other

Assets

and

Liabilities

(

0

.01‌

)

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

Principal

LifeTime

2010

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

168

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Blue

Chip

Fund

$

42,164‌

$

1,876‌

$

24,505‌

$

28,771‌

Bond

Market

Index

Fund

37,554‌

—‌

37,727‌

—‌

Core

Fixed

Income

Fund

240,715‌

54,982‌

33,340‌

260,618‌

Diversified

International

Fund

34,471‌

1,180‌

7,175‌

37,200‌

Diversified

Real

Asset

Fund

11,439‌

474‌

1,942‌

12,579‌

Equity

Income

Fund

27,613‌

9,225‌

18,218‌

25,724‌

High

Income

Fund

46,354‌

6,397‌

5,475‌

49,546‌

Inflation

Protection

Fund

32,075‌

2,313‌

3,729‌

32,460‌

International

Small

Company

Fund

9,179‌

261‌

3,731‌

8,003‌

LargeCap

Growth

Fund

I

—‌

25,247‌

1,563‌

27,083‌

LargeCap

S&P

500

Index

Fund

35,951‌

6,408‌

31,921‌

16,411‌

LargeCap

Value

Fund

III

—‌

24,084‌

1,564‌

25,940‌

MidCap

Fund

18,736‌

525‌

11,296‌

12,995‌

MidCap

Value

Fund

I

7,055‌

3,535‌

1,238‌

13,050‌

Origin

Emerging

Markets

Fund

—‌

11,073‌

903‌

10,663‌

Overseas

Fund

21,641‌

879‌

6,319‌

24,140‌

Short-Term

Income

Fund

134,406‌

13,740‌

15,611‌

131,295‌

SmallCap

Growth

Fund

I

6,846‌

719‌

2,999‌

6,430‌

SmallCap

Value

Fund

II

3,587‌

1,627‌

507‌

6,827‌

$

709,786‌

$

164,545‌

$

209,763‌

$

729,735‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Blue

Chip

Fund

$

229‌

$

1,943‌

$

1,173‌

$

7,293‌

Bond

Market

Index

Fund

—‌

3,570‌

—‌

(

3,397‌

)

Core

Fixed

Income

Fund

4,516‌

(

23‌

)

—‌

(

1,716‌

)

Diversified

International

Fund

424‌

(

721‌

)

—‌

9,445‌

Diversified

Real

Asset

Fund

70‌

294‌

—‌

2,314‌

Equity

Income

Fund

268‌

2,493‌

—‌

4,611‌

High

Income

Fund

1,928‌

(

64‌

)

—‌

2,334‌

Inflation

Protection

Fund

155‌

144‌

—‌

1,657‌

International

Small

Company

Fund

99‌

512‌

—‌

1,782‌

LargeCap

Growth

Fund

I

244‌

(

6‌

)

731‌

3,405‌

LargeCap

S&P

500

Index

Fund

1,009‌

13,917‌

1,854‌

(

7,944‌

)

LargeCap

Value

Fund

III

235‌

72‌

—‌

3,348‌

MidCap

Fund

—‌

5,602‌

219‌

(

572‌

)

MidCap

Value

Fund

I

139‌

73‌

—‌

3,625‌

Origin

Emerging

Markets

Fund

70‌

27‌

—‌

466‌

Overseas

Fund

437‌

927‌

—‌

7,012‌

Short-Term

Income

Fund

1,847‌

(

7‌

)

204‌

(

1,233‌

)

SmallCap

Growth

Fund

I

87‌

1,342‌

308‌

522‌

SmallCap

Value

Fund

II

35‌

46‌

—‌

2,074‌

$

11,792‌

$

30,141‌

$

4,489‌

$

35,026‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

2015

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

169

INVESTMENT

COMPANIES

-

100

.01

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

59

.93

%

Blue

Chip

Fund

(a)

434,326‌

$

18,329‌

Core

Fixed

Income

Fund

(a)

12,226,167‌

123,973‌

Diversified

International

Fund

(a)

1,555,506‌

25,012‌

Diversified

Real

Asset

Fund

(a)

433,584‌

5,827‌

International

Small

Company

Fund

(a)

407,811‌

5,412‌

LargeCap

Growth

Fund

I

(a)

735,938‌

17,780‌

MidCap

Fund

(a),(b)

195,929‌

8,339‌

MidCap

Value

Fund

I

(a)

454,346‌

8,446‌

Origin

Emerging

Markets

Fund

(a)

497,710‌

6,993‌

SmallCap

Growth

Fund

I

(a)

210,700‌

4,151‌

SmallCap

Value

Fund

II

(a)

318,478‌

4,395‌

$

228,657‌

Principal

Funds,

Inc.

Institutional

Class

-

40

.08

%

Equity

Income

Fund

(a)

409,711‌

16,647‌

High

Income

Fund

(a)

2,433,909‌

22,976‌

Inflation

Protection

Fund

(a)

1,609,414‌

15,821‌

LargeCap

S&P

500

Index

Fund

(a)

446,475‌

11,345‌

LargeCap

Value

Fund

III

(a)

833,429‌

16,785‌

Overseas

Fund

(a)

1,342,428‌

15,075‌

Short-Term

Income

Fund

(a)

4,371,542‌

54,251‌

$

152,900‌

TOTAL

INVESTMENT

COMPANIES

$

381,557‌

Total

Investments

$

381,557‌

Other

Assets

and

Liabilities

-  (0.01)%

(

40‌

)

TOTAL

NET

ASSETS

-

100.00%

$

381,517‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Fixed

Income

Funds

63

.44‌

%

Domestic

Equity

Funds

27

.84‌

%

International

Equity

Funds

7

.20‌

%

Specialty

Funds

1

.53‌

%

Other

Assets

and

Liabilities

(

0

.01‌

)

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

Principal

LifeTime

2015

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

170

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Blue

Chip

Fund

$

12,941‌

$

2,976‌

$

2,161‌

$

18,329‌

Bond

Market

Index

Fund

16,027‌

—‌

16,101‌

—‌

Core

Fixed

Income

Fund

110,478‌

34,496‌

20,214‌

123,973‌

Diversified

International

Fund

22,055‌

2,255‌

4,971‌

25,012‌

Diversified

Real

Asset

Fund

5,127‌

823‌

1,323‌

5,827‌

Equity

Income

Fund

9,002‌

6,172‌

2,013‌

16,647‌

High

Income

Fund

20,068‌

5,242‌

3,335‌

22,976‌

Inflation

Protection

Fund

15,005‌

2,347‌

2,407‌

15,821‌

International

Small

Company

Fund

6,125‌

487‌

2,749‌

5,412‌

LargeCap

Growth

Fund

I

12,858‌

3,757‌

2,393‌

17,780‌

LargeCap

S&P

500

Index

Fund

22,056‌

2,617‌

17,274‌

11,345‌

LargeCap

Value

Fund

III

8,549‌

6,230‌

1,681‌

16,785‌

MidCap

Fund

10,889‌

868‌

6,429‌

8,339‌

MidCap

Value

Fund

I

6,024‌

1,008‌

1,286‌

8,446‌

Origin

Emerging

Markets

Fund

—‌

7,574‌

900‌

6,993‌

Overseas

Fund

14,082‌

1,323‌

5,522‌

15,075‌

Short-Term

Income

Fund

53,586‌

9,663‌

8,493‌

54,251‌

SmallCap

Growth

Fund

I

4,706‌

548‌

2,386‌

4,151‌

SmallCap

Value

Fund

II

2,466‌

1,037‌

531‌

4,395‌

$

352,044‌

$

89,423‌

$

102,169‌

$

381,557‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Blue

Chip

Fund

$

79‌

$

63‌

$

405‌

$

4,510‌

Bond

Market

Index

Fund

—‌

1,492‌

—‌

(

1,418‌

)

Core

Fixed

Income

Fund

2,131‌

(

37‌

)

—‌

(

750‌

)

Diversified

International

Fund

280‌

455‌

—‌

5,218‌

Diversified

Real

Asset

Fund

32‌

(

17‌

)

—‌

1,217‌

Equity

Income

Fund

184‌

41‌

—‌

3,445‌

High

Income

Fund

880‌

(

22‌

)

—‌

1,023‌

Inflation

Protection

Fund

74‌

9‌

—‌

867‌

International

Small

Company

Fund

67‌

355‌

—‌

1,194‌

LargeCap

Growth

Fund

I

271‌

5‌

812‌

3,553‌

LargeCap

S&P

500

Index

Fund

514‌

10,699‌

945‌

(

6,753‌

)

LargeCap

Value

Fund

III

191‌

54‌

—‌

3,633‌

MidCap

Fund

—‌

3,321‌

130‌

(

310‌

)

MidCap

Value

Fund

I

102‌

94‌

—‌

2,606‌

Origin

Emerging

Markets

Fund

46‌

27‌

—‌

292‌

Overseas

Fund

283‌

640‌

—‌

4,552‌

Short-Term

Income

Fund

755‌

(

7‌

)

83‌

(

498‌

)

SmallCap

Growth

Fund

I

58‌

1,288‌

205‌

(

5‌

)

SmallCap

Value

Fund

II

24‌

40‌

—‌

1,383‌

$

5,971‌

$

18,500‌

$

2,580‌

$

23,759‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

2020

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

171

INVESTMENT

COMPANIES

-

100

.01

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

61

.96

%

Blue

Chip

Fund

(a)

5,281,333‌

$

222,872‌

Core

Fixed

Income

Fund

(a)

110,091,518‌

1,116,328‌

Diversified

International

Fund

(a)

18,444,727‌

296,591‌

Diversified

Real

Asset

Fund

(a)

4,095,276‌

55,041‌

International

Small

Company

Fund

(a)

4,910,118‌

65,157‌

LargeCap

Growth

Fund

I

(a)

8,945,062‌

216,113‌

MidCap

Fund

(a),(b)

2,367,070‌

100,743‌

MidCap

Value

Fund

I

(a)

5,487,447‌

102,012‌

Origin

Emerging

Markets

Fund

(a)

6,061,715‌

85,167‌

SmallCap

Growth

Fund

I

(a)

2,555,494‌

50,343‌

SmallCap

Value

Fund

II

(a)

3,874,861‌

53,473‌

$

2,363,840‌

Principal

Funds,

Inc.

Institutional

Class

-

38

.05

%

Equity

Income

Fund

(a)

4,978,250‌

202,266‌

High

Income

Fund

(a)

20,642,776‌

194,868‌

Inflation

Protection

Fund

(a)

14,816,823‌

145,649‌

LargeCap

S&P

500

Index

Fund

(a)

5,791,399‌

147,159‌

LargeCap

Value

Fund

III

(a)

10,130,740‌

204,033‌

Overseas

Fund

(a)

17,021,691‌

191,154‌

Short-Term

Income

Fund

(a)

29,541,722‌

366,613‌

$

1,451,742‌

TOTAL

INVESTMENT

COMPANIES

$

3,815,582‌

Total

Investments

$

3,815,582‌

Other

Assets

and

Liabilities

-  (0.01)%

(

285‌

)

TOTAL

NET

ASSETS

-

100.00%

$

3,815,297‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Fixed

Income

Funds

55

.57‌

%

Domestic

Equity

Funds

34

.05‌

%

International

Equity

Funds

8

.95‌

%

Specialty

Funds

1

.44‌

%

Other

Assets

and

Liabilities

(

0

.01‌

)

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

Principal

LifeTime

2020

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

172

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Blue

Chip

Fund

$

168,620‌

$

23,638‌

$

26,072‌

$

222,872‌

Bond

Market

Index

Fund

145,154‌

—‌

145,823‌

—‌

Core

Fixed

Income

Fund

1,019,665‌

241,688‌

137,703‌

1,116,328‌

Diversified

International

Fund

283,924‌

5,479‌

64,163‌

296,591‌

Diversified

Real

Asset

Fund

52,379‌

992‌

10,110‌

55,041‌

Equity

Income

Fund

113,569‌

65,849‌

20,084‌

202,266‌

High

Income

Fund

174,833‌

33,265‌

21,837‌

194,868‌

Inflation

Protection

Fund

147,262‌

7,625‌

17,391‌

145,649‌

International

Small

Company

Fund

74,857‌

1,238‌

29,758‌

65,157‌

LargeCap

Growth

Fund

I

163,675‌

35,604‌

26,925‌

216,113‌

LargeCap

S&P

500

Index

Fund

281,374‌

19,334‌

203,480‌

147,159‌

LargeCap

Value

Fund

III

107,766‌

66,892‌

16,087‌

204,033‌

MidCap

Fund

128,852‌

2,291‌

66,480‌

100,743‌

MidCap

Value

Fund

I

76,811‌

4,714‌

12,983‌

102,012‌

Origin

Emerging

Markets

Fund

—‌

89,339‌

8,678‌

85,167‌

Overseas

Fund

177,219‌

4,711‌

55,507‌

191,154‌

Short-Term

Income

Fund

382,438‌

41,082‌

53,451‌

366,613‌

SmallCap

Growth

Fund

I

55,786‌

4,104‌

24,660‌

50,343‌

SmallCap

Value

Fund

II

29,687‌

11,055‌

4,449‌

53,473‌

$

3,583,871‌

$

658,900‌

$

945,641‌

$

3,815,582‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Blue

Chip

Fund

$

1,014‌

$

2,015‌

$

5,185‌

$

54,671‌

Bond

Market

Index

Fund

—‌

13,954‌

—‌

(

13,285‌

)

Core

Fixed

Income

Fund

19,242‌

(

190‌

)

—‌

(

7,132‌

)

Diversified

International

Fund

3,460‌

(

3,396‌

)

—‌

74,747‌

Diversified

Real

Asset

Fund

319‌

223‌

—‌

11,557‌

Equity

Income

Fund

2,248‌

1,325‌

—‌

41,607‌

High

Income

Fund

7,486‌

(

177‌

)

—‌

8,784‌

Inflation

Protection

Fund

712‌

276‌

—‌

7,877‌

International

Small

Company

Fund

822‌

2,936‌

—‌

15,884‌

LargeCap

Growth

Fund

I

3,390‌

1,206‌

10,171‌

42,553‌

LargeCap

S&P

500

Index

Fund

6,404‌

114,980‌

11,769‌

(

65,049‌

)

LargeCap

Value

Fund

III

2,342‌

1,102‌

—‌

44,360‌

MidCap

Fund

—‌

37,856‌

1,530‌

(

1,776‌

)

MidCap

Value

Fund

I

1,266‌

1,511‌

—‌

31,959‌

Origin

Emerging

Markets

Fund

591‌

345‌

—‌

4,161‌

Overseas

Fund

3,552‌

5,330‌

—‌

59,401‌

Short-Term

Income

Fund

5,212‌

(

99‌

)

579‌

(

3,357‌

)

SmallCap

Growth

Fund

I

700‌

12,364‌

2,467‌

2,749‌

SmallCap

Value

Fund

II

287‌

442‌

—‌

16,738‌

$

59,047‌

$

192,003‌

$

31,701‌

$

326,449‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

2025

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

173

INVESTMENT

COMPANIES

-

100

.01

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

64

.83

%

Blue

Chip

Fund

(a)

2,952,208‌

$

124,583‌

Core

Fixed

Income

Fund

(a)

47,154,068‌

478,142‌

Diversified

International

Fund

(a)

10,378,224‌

166,882‌

Diversified

Real

Asset

Fund

(a)

2,229,546‌

29,965‌

International

Small

Company

Fund

(a)

2,720,630‌

36,103‌

LargeCap

Growth

Fund

I

(a)

4,998,863‌

120,773‌

MidCap

Fund

(a),(b)

1,355,891‌

57,707‌

MidCap

Value

Fund

I

(a)

3,124,234‌

58,079‌

Origin

Emerging

Markets

Fund

(a)

3,377,125‌

47,449‌

SmallCap

Growth

Fund

I

(a)

1,429,151‌

28,154‌

SmallCap

Value

Fund

II

(a)

2,171,104‌

29,961‌

$

1,177,798‌

Principal

Funds,

Inc.

Institutional

Class

-

35

.18

%

Equity

Income

Fund

(a)

2,789,654‌

113,343‌

High

Income

Fund

(a)

8,672,991‌

81,873‌

Inflation

Protection

Fund

(a)

5,294,636‌

52,046‌

LargeCap

S&P

500

Index

Fund

(a)

3,126,129‌

79,435‌

LargeCap

Value

Fund

III

(a)

5,672,679‌

114,248‌

Overseas

Fund

(a)

9,469,003‌

106,337‌

Short-Term

Income

Fund

(a)

7,397,474‌

91,803‌

$

639,085‌

TOTAL

INVESTMENT

COMPANIES

$

1,816,883‌

Total

Investments

$

1,816,883‌

Other

Assets

and

Liabilities

-  (0.01)%

(

92‌

)

TOTAL

NET

ASSETS

-

100.00%

$

1,816,791‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Fixed

Income

Funds

47

.93‌

%

Domestic

Equity

Funds

39

.98‌

%

International

Equity

Funds

10

.45‌

%

Specialty

Funds

1

.65‌

%

Other

Assets

and

Liabilities

(

0

.01‌

)

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

Principal

LifeTime

2025

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

174

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Blue

Chip

Fund

$

81,472‌

$

18,812‌

$

5,902‌

$

124,583‌

Bond

Market

Index

Fund

51,252‌

—‌

51,488‌

—‌

Core

Fixed

Income

Fund

403,125‌

114,977‌

37,632‌

478,142‌

Diversified

International

Fund

148,136‌

10,390‌

29,335‌

166,882‌

Diversified

Real

Asset

Fund

24,746‌

2,417‌

3,034‌

29,965‌

Equity

Income

Fund

59,906‌

38,255‌

7,998‌

113,343‌

High

Income

Fund

65,117‌

19,295‌

5,827‌

81,873‌

Inflation

Protection

Fund

47,568‌

5,719‌

4,066‌

52,046‌

International

Small

Company

Fund

36,626‌

2,172‌

12,283‌

36,103‌

LargeCap

Growth

Fund

I

80,554‌

22,688‌

5,901‌

120,773‌

LargeCap

S&P

500

Index

Fund

141,075‌

14,274‌

101,982‌

79,435‌

LargeCap

Value

Fund

III

56,991‌

38,622‌

5,901‌

114,248‌

MidCap

Fund

66,167‌

3,985‌

31,906‌

57,707‌

MidCap

Value

Fund

I

41,080‌

4,661‌

5,845‌

58,079‌

Origin

Emerging

Markets

Fund

—‌

48,718‌

3,418‌

47,449‌

Overseas

Fund

92,635‌

6,505‌

26,873‌

106,337‌

Short-Term

Income

Fund

88,307‌

15,903‌

11,600‌

91,803‌

SmallCap

Growth

Fund

I

29,177‌

2,892‌

11,841‌

28,154‌

SmallCap

Value

Fund

II

16,855‌

5,601‌

2,105‌

29,961‌

$

1,530,789‌

$

375,886‌

$

364,937‌

$

1,816,883‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Blue

Chip

Fund

$

495‌

$

369‌

$

2,528‌

$

29,832‌

Bond

Market

Index

Fund

—‌

4,530‌

—‌

(

4,294‌

)

Core

Fixed

Income

Fund

7,859‌

(

40‌

)

—‌

(

2,288‌

)

Diversified

International

Fund

1,831‌

2,606‌

—‌

35,085‌

Diversified

Real

Asset

Fund

155‌

(

33‌

)

—‌

5,869‌

Equity

Income

Fund

1,231‌

165‌

—‌

23,015‌

High

Income

Fund

2,975‌

(

65‌

)

—‌

3,353‌

Inflation

Protection

Fund

235‌

8‌

—‌

2,817‌

International

Small

Company

Fund

430‌

581‌

—‌

9,007‌

LargeCap

Growth

Fund

I

1,689‌

290‌

5,068‌

23,142‌

LargeCap

S&P

500

Index

Fund

3,276‌

53,683‌

6,018‌

(

27,615‌

)

LargeCap

Value

Fund

III

1,256‌

208‌

—‌

24,328‌

MidCap

Fund

—‌

10,265‌

789‌

9,196‌

MidCap

Value

Fund

I

677‌

123‌

—‌

18,060‌

Origin

Emerging

Markets

Fund

305‌

140‌

—‌

2,009‌

Overseas

Fund

1,878‌

(

181‌

)

—‌

34,251‌

Short-Term

Income

Fund

1,238‌

(

33‌

)

136‌

(

774‌

)

SmallCap

Growth

Fund

I

359‌

3,922‌

1,266‌

4,004‌

SmallCap

Value

Fund

II

161‌

83‌

—‌

9,527‌

$

26,050‌

$

76,621‌

$

15,805‌

$

198,524‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

2030

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

175

INVESTMENT

COMPANIES

-

100

.01

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

67

.26

%

Blue

Chip

Fund

(a)

11,926,010‌

$

503,278‌

Core

Fixed

Income

Fund

(a)

153,750,602‌

1,559,031‌

Diversified

International

Fund

(a)

41,681,792‌

670,243‌

Diversified

Real

Asset

Fund

(a)

7,440,493‌

100,000‌

International

Small

Company

Fund

(a)

11,064,450‌

146,825‌

LargeCap

Growth

Fund

I

(a)

20,363,395‌

491,980‌

MidCap

Fund

(a),(b)

5,462,552‌

232,486‌

MidCap

Value

Fund

I

(a)

12,690,960‌

235,925‌

Origin

Emerging

Markets

Fund

(a)

13,683,111‌

192,248‌

SmallCap

Growth

Fund

I

(a)

5,778,141‌

113,829‌

SmallCap

Value

Fund

II

(a)

8,788,044‌

121,275‌

$

4,367,120‌

Principal

Funds,

Inc.

Institutional

Class

-

32

.75

%

Equity

Income

Fund

(a)

11,301,663‌

459,187‌

High

Income

Fund

(a)

29,182,215‌

275,480‌

Inflation

Protection

Fund

(a)

13,595,517‌

133,644‌

LargeCap

S&P

500

Index

Fund

(a)

14,100,859‌

358,303‌

LargeCap

Value

Fund

III

(a)

22,975,673‌

462,730‌

Overseas

Fund

(a)

38,879,709‌

436,619‌

$

2,125,963‌

TOTAL

INVESTMENT

COMPANIES

$

6,493,083‌

Total

Investments

$

6,493,083‌

Other

Assets

and

Liabilities

-  (0.01)%

(

340‌

)

TOTAL

NET

ASSETS

-

100.00%

$

6,492,743‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Domestic

Equity

Funds

45

.89‌

%

Fixed

Income

Funds

40

.63‌

%

International

Equity

Funds

11

.95‌

%

Specialty

Funds

1

.54‌

%

Other

Assets

and

Liabilities

(

0

.01‌

)

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

Principal

LifeTime

2030

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

176

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Blue

Chip

Fund

$

216,988‌

$

187,825‌

$

13,453‌

$

503,278‌

Bond

Market

Index

Fund

167,358‌

—‌

168,134‌

—‌

Core

Fixed

Income

Fund

1,293,226‌

349,026‌

76,509‌

1,559,031‌

Diversified

International

Fund

607,408‌

21,232‌

112,489‌

670,243‌

Diversified

Real

Asset

Fund

83,324‌

3,742‌

6,596‌

100,000‌

Equity

Income

Fund

145,443‌

246,282‌

13,453‌

459,187‌

High

Income

Fund

221,356‌

54,865‌

12,004‌

275,480‌

Inflation

Protection

Fund

128,370‌

4,474‌

6,594‌

133,644‌

International

Small

Company

Fund

157,476‌

4,680‌

55,601‌

146,825‌

LargeCap

Growth

Fund

I

458,082‌

40,064‌

114,512‌

491,980‌

LargeCap

S&P

500

Index

Fund

575,206‌

42,031‌

370,513‌

358,303‌

LargeCap

Value

Fund

III

313,493‌

73,469‌

37,205‌

462,730‌

MidCap

Fund

263,246‌

8,418‌

115,261‌

232,486‌

MidCap

Value

Fund

I

164,728‌

14,503‌

16,455‌

235,925‌

Origin

Emerging

Markets

Fund

—‌

193,987‌

11,325‌

192,248‌

Overseas

Fund

378,578‌

15,655‌

96,428‌

436,619‌

SmallCap

Growth

Fund

I

114,993‌

8,535‌

40,910‌

113,829‌

SmallCap

Value

Fund

II

66,343‌

21,537‌

4,750‌

121,275‌

$

5,355,618‌

$

1,290,325‌

$

1,272,192‌

$

6,493,083‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Blue

Chip

Fund

$

1,461‌

$

222‌

$

7,470‌

$

111,696‌

Bond

Market

Index

Fund

—‌

15,419‌

—‌

(

14,643‌

)

Core

Fixed

Income

Fund

25,367‌

(

26‌

)

—‌

(

6,686‌

)

Diversified

International

Fund

7,481‌

(

6,333‌

)

—‌

160,425‌

Diversified

Real

Asset

Fund

517‌

(

239‌

)

—‌

19,769‌

Equity

Income

Fund

5,051‌

193‌

—‌

80,722‌

High

Income

Fund

9,905‌

(

258‌

)

—‌

11,521‌

Inflation

Protection

Fund

629‌

45‌

—‌

7,349‌

International

Small

Company

Fund

1,761‌

4,826‌

—‌

35,444‌

LargeCap

Growth

Fund

I

8,089‌

46,856‌

24,271‌

61,490‌

LargeCap

S&P

500

Index

Fund

11,898‌

179,933‌

21,861‌

(

68,354‌

)

LargeCap

Value

Fund

III

5,301‌

166‌

—‌

112,807‌

MidCap

Fund

—‌

37,854‌

3,147‌

38,229‌

MidCap

Value

Fund

I

2,714‌

1,463‌

—‌

71,686‌

Origin

Emerging

Markets

Fund

1,283‌

713‌

—‌

8,873‌

Overseas

Fund

7,628‌

6,053‌

—‌

132,761‌

SmallCap

Growth

Fund

I

1,431‌

16,054‌

5,040‌

15,157‌

SmallCap

Value

Fund

II

640‌

412‌

—‌

37,733‌

$

91,156‌

$

303,353‌

$

61,789‌

$

815,979‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

2035

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

177

INVESTMENT

COMPANIES

-

100

.00

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

63

.68

%

Blue

Chip

Fund

(a)

3,290,805‌

$

138,872‌

Core

Fixed

Income

Fund

(a)

33,113,767‌

335,774‌

Diversified

International

Fund

(a)

12,139,549‌

195,204‌

International

Small

Company

Fund

(a)

3,206,699‌

42,553‌

LargeCap

Growth

Fund

I

(a)

5,625,778‌

135,919‌

MidCap

Value

Fund

I

(a)

3,540,731‌

65,822‌

Origin

Emerging

Markets

Fund

(a)

3,937,900‌

55,327‌

Real

Estate

Securities

Fund

(a)

1,195,304‌

39,218‌

SmallCap

Growth

Fund

I

(a)

1,595,475‌

31,431‌

SmallCap

Value

Fund

II

(a)

2,427,396‌

33,498‌

$

1,073,618‌

Principal

Funds,

Inc.

Institutional

Class

-

36

.32

%

Equity

Income

Fund

(a)

3,122,085‌

126,850‌

High

Income

Fund

(a)

6,779,578‌

63,999‌

LargeCap

S&P

500

Index

Fund

(a)

4,219,695‌

107,222‌

LargeCap

Value

Fund

III

(a)

6,344,728‌

127,783‌

MidCap

Growth

Fund

III

(a)

3,641,736‌

63,002‌

Overseas

Fund

(a)

11,004,051‌

123,576‌

$

612,432‌

TOTAL

INVESTMENT

COMPANIES

$

1,686,050‌

Total

Investments

$

1,686,050‌

Other

Assets

and

Liabilities

-  0.00%

(

23‌

)

TOTAL

NET

ASSETS

-

100.00%

$

1,686,027‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Domestic

Equity

Funds

51

.58‌

%

Fixed

Income

Funds

35

.29‌

%

International

Equity

Funds

13

.13‌

%

Other

Assets

and

Liabilities

0

.00‌

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Blue

Chip

Fund

$

47,327‌

$

66,078‌

$

4,118‌

$

138,872‌

Core

Fixed

Income

Fund

277,995‌

75,291‌

16,334‌

335,774‌

Diversified

International

Fund

146,023‌

19,925‌

10,081‌

195,204‌

Equity

Income

Fund

32,064‌

77,812‌

4,118‌

126,850‌

High

Income

Fund

47,765‌

16,537‌

2,768‌

63,999‌

International

Small

Company

Fund

40,812‌

3,796‌

12,914‌

42,553‌

LargeCap

Growth

Fund

I

126,474‌

17,652‌

38,115‌

135,919‌

LargeCap

S&P

500

Index

Fund

152,688‌

18,259‌

94,372‌

107,222‌

LargeCap

Value

Fund

III

91,527‌

20,737‌

16,351‌

127,783‌

MidCap

Fund

11,714‌

320‌

13,890‌

—‌

MidCap

Growth

Fund

III

58,966‌

15,572‌

26,572‌

63,002‌

MidCap

Value

Fund

I

47,483‌

6,614‌

8,713‌

65,822‌

Origin

Emerging

Markets

Fund

33,466‌

19,539‌

3,409‌

55,327‌

Overseas

Fund

91,768‌

10,756‌

13,947‌

123,576‌

Real

Estate

Securities

Fund

26,292‌

3,883‌

1,687‌

39,218‌

SmallCap

Growth

Fund

I

28,954‌

4,249‌

9,734‌

31,431‌

SmallCap

Value

Fund

II

17,776‌

6,560‌

1,182‌

33,498‌

$

1,279,094‌

$

383,580‌

$

278,305‌

$

1,686,050‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Blue

Chip

Fund

$

338‌

$

25‌

$

1,729‌

$

29,560‌

Core

Fixed

Income

Fund

5,266‌

(

6‌

)

—‌

(

1,172‌

)

Diversified

International

Fund

2,050‌

130‌

—‌

39,207‌

Equity

Income

Fund

1,384‌

21‌

—‌

21,071‌

High

Income

Fund

2,242‌

(

97‌

)

—‌

2,562‌

International

Small

Company

Fund

486‌

33‌

—‌

10,826‌

LargeCap

Growth

Fund

I

2,201‌

13,575‌

6,603‌

16,333‌

LargeCap

S&P

500

Index

Fund

3,113‌

33,913‌

5,720‌

(

3,266‌

)

LargeCap

Value

Fund

III

1,490‌

111‌

—‌

31,759‌

MidCap

Fund

—‌

1,415‌

124‌

441‌

MidCap

Growth

Fund

III

478‌

4,790‌

2,864‌

10,246‌

MidCap

Value

Fund

I

740‌

363‌

—‌

20,075‌

Origin

Emerging

Markets

Fund

358‌

163‌

—‌

5,568‌

Overseas

Fund

2,084‌

(

196‌

)

—‌

35,195‌

Real

Estate

Securities

Fund

506‌

(

40‌

)

101‌

10,770‌

SmallCap

Growth

Fund

I

369‌

2,695‌

1,301‌

5,267‌

SmallCap

Value

Fund

II

177‌

(

7‌

)

—‌

10,351‌

$

23,282‌

$

56,888‌

$

18,442‌

$

244,793‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

2040

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

178

INVESTMENT

COMPANIES

-

100

.00

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

61

.30

%

Blue

Chip

Fund

(a)

10,076,817‌

$

425,242‌

Core

Fixed

Income

Fund

(a)

66,989,243‌

679,271‌

Diversified

International

Fund

(a)

36,897,454‌

593,311‌

International

Small

Company

Fund

(a)

10,142,202‌

134,587‌

LargeCap

Growth

Fund

I

(a)

17,214,075‌

415,892‌

MidCap

Value

Fund

I

(a)

10,739,614‌

199,649‌

Origin

Emerging

Markets

Fund

(a)

12,229,534‌

171,825‌

Real

Estate

Securities

Fund

(a)

3,416,555‌

112,097‌

SmallCap

Growth

Fund

I

(a)

4,873,176‌

96,002‌

SmallCap

Value

Fund

II

(a)

7,437,375‌

102,636‌

$

2,930,512‌

Principal

Funds,

Inc.

Institutional

Class

-

38

.70

%

Equity

Income

Fund

(a)

9,559,273‌

388,393‌

High

Income

Fund

(a)

15,962,402‌

150,685‌

LargeCap

S&P

500

Index

Fund

(a)

13,427,492‌

341,192‌

LargeCap

Value

Fund

III

(a)

19,438,385‌

391,489‌

MidCap

Growth

Fund

III

(a)

11,046,630‌

191,107‌

Overseas

Fund

(a)

34,490,535‌

387,329‌

$

1,850,195‌

TOTAL

INVESTMENT

COMPANIES

$

4,780,707‌

Total

Investments

$

4,780,707‌

Other

Assets

and

Liabilities

-  0.00%

(

212‌

)

TOTAL

NET

ASSETS

-

100.00%

$

4,780,495‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Domestic

Equity

Funds

55

.73‌

%

Fixed

Income

Funds

29

.77‌

%

International

Equity

Funds

14

.50‌

%

Other

Assets

and

Liabilities

0

.00‌

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Blue

Chip

Fund

$

142,857‌

$

203,890‌

$

12,587‌

$

425,242‌

Core

Fixed

Income

Fund

618,138‌

100,972‌

37,136‌

679,271‌

Diversified

International

Fund

472,187‌

26,476‌

30,939‌

593,311‌

Equity

Income

Fund

104,087‌

230,703‌

12,588‌

388,393‌

High

Income

Fund

115,982‌

35,676‌

6,944‌

150,685‌

International

Small

Company

Fund

127,041‌

4,266‌

31,041‌

134,587‌

LargeCap

Growth

Fund

I

401,781‌

34,557‌

113,387‌

415,892‌

LargeCap

S&P

500

Index

Fund

490,340‌

35,607‌

282,493‌

341,192‌

LargeCap

Value

Fund

III

297,184‌

45,294‌

52,106‌

391,489‌

MidCap

Growth

Fund

III

229,722‌

16,365‌

108,393‌

191,107‌

MidCap

Value

Fund

I

159,278‌

7,864‌

32,965‌

199,649‌

Origin

Emerging

Markets

Fund

118,543‌

43,557‌

9,260‌

171,825‌

Overseas

Fund

297,553‌

13,578‌

36,239‌

387,329‌

Real

Estate

Securities

Fund

81,322‌

4,183‌

5,033‌

112,097‌

SmallCap

Growth

Fund

I

94,067‌

7,164‌

30,696‌

96,002‌

SmallCap

Value

Fund

II

58,874‌

14,651‌

4,130‌

102,636‌

$

3,808,956‌

$

824,803‌

$

805,937‌

$

4,780,707‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Blue

Chip

Fund

$

1,027‌

$

399‌

$

5,248‌

$

90,683‌

Core

Fixed

Income

Fund

11,020‌

78‌

—‌

(

2,781‌

)

Diversified

International

Fund

6,542‌

(

1,220‌

)

—‌

126,807‌

Equity

Income

Fund

4,320‌

219‌

—‌

65,972‌

High

Income

Fund

5,283‌

(

611‌

)

—‌

6,582‌

International

Small

Company

Fund

1,595‌

983‌

—‌

33,338‌

LargeCap

Growth

Fund

I

6,881‌

49,136‌

20,645‌

43,805‌

LargeCap

S&P

500

Index

Fund

9,926‌

128,141‌

18,244‌

(

30,403‌

)

LargeCap

Value

Fund

III

4,765‌

2,140‌

—‌

98,977‌

MidCap

Growth

Fund

III

1,690‌

31,405‌

10,116‌

22,008‌

MidCap

Value

Fund

I

2,375‌

1,574‌

—‌

63,898‌

Origin

Emerging

Markets

Fund

1,134‌

440‌

—‌

18,545‌

Overseas

Fund

6,679‌

(

479‌

)

—‌

112,916‌

Real

Estate

Securities

Fund

1,503‌

(

327‌

)

306‌

31,952‌

SmallCap

Growth

Fund

I

1,175‌

10,828‌

4,137‌

14,639‌

SmallCap

Value

Fund

II

570‌

328‌

—‌

32,913‌

$

66,485‌

$

223,034‌

$

58,696‌

$

729,851‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

2045

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

179

INVESTMENT

COMPANIES

-

100

.00

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

59

.24

%

Blue

Chip

Fund

(a)

2,875,536‌

$

121,348‌

Core

Fixed

Income

Fund

(a)

12,208,596‌

123,795‌

Diversified

International

Fund

(a)

10,579,761‌

170,123‌

International

Small

Company

Fund

(a)

2,808,591‌

37,270‌

LargeCap

Growth

Fund

I

(a)

4,904,451‌

118,492‌

MidCap

Value

Fund

I

(a)

3,100,683‌

57,642‌

Origin

Emerging

Markets

Fund

(a)

3,445,942‌

48,415‌

Real

Estate

Securities

Fund

(a)

921,500‌

30,234‌

SmallCap

Growth

Fund

I

(a)

1,395,491‌

27,491‌

SmallCap

Value

Fund

II

(a)

2,121,732‌

29,280‌

$

764,090‌

Principal

Funds,

Inc.

Institutional

Class

-

40

.76

%

Equity

Income

Fund

(a)

2,728,306‌

110,851‌

High

Income

Fund

(a)

3,640,548‌

34,367‌

LargeCap

S&P

500

Index

Fund

(a)

4,131,496‌

104,981‌

LargeCap

Value

Fund

III

(a)

5,546,087‌

111,698‌

MidCap

Growth

Fund

III

(a)

3,195,696‌

55,286‌

Overseas

Fund

(a)

9,656,652‌

108,444‌

$

525,627‌

TOTAL

INVESTMENT

COMPANIES

$

1,289,717‌

Total

Investments

$

1,289,717‌

Other

Assets

and

Liabilities

-  0.00%

25‌

TOTAL

NET

ASSETS

-

100.00%

$

1,289,742‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Domestic

Equity

Funds

59

.50‌

%

Fixed

Income

Funds

25

.45‌

%

International

Equity

Funds

15

.05‌

%

Other

Assets

and

Liabilities

0

.00‌

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Blue

Chip

Fund

$

39,328‌

$

59,455‌

$

3,184‌

$

121,348‌

Core

Fixed

Income

Fund

110,129‌

20,730‌

6,552‌

123,795‌

Diversified

International

Fund

127,122‌

14,653‌

5,872‌

170,123‌

Equity

Income

Fund

27,754‌

67,905‌

3,183‌

110,851‌

High

Income

Fund

23,384‌

11,154‌

1,415‌

34,367‌

International

Small

Company

Fund

32,956‌

2,849‌

7,624‌

37,270‌

LargeCap

Growth

Fund

I

103,393‌

13,850‌

24,223‌

118,492‌

LargeCap

S&P

500

Index

Fund

133,029‌

14,657‌

70,524‌

104,981‌

LargeCap

Value

Fund

III

81,058‌

16,534‌

13,951‌

111,698‌

MidCap

Growth

Fund

III

62,485‌

7,577‌

29,672‌

55,286‌

MidCap

Value

Fund

I

44,027‌

5,025‌

9,777‌

57,642‌

Origin

Emerging

Markets

Fund

32,028‌

13,244‌

2,093‌

48,415‌

Overseas

Fund

79,368‌

8,378‌

9,628‌

108,444‌

Real

Estate

Securities

Fund

20,543‌

2,569‌

1,200‌

30,234‌

SmallCap

Growth

Fund

I

25,958‌

3,272‌

8,828‌

27,491‌

SmallCap

Value

Fund

II

15,766‌

5,595‌

1,162‌

29,280‌

$

958,328‌

$

267,447‌

$

198,888‌

$

1,289,717‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Blue

Chip

Fund

$

280‌

$

55‌

$

1,432‌

$

25,694‌

Core

Fixed

Income

Fund

1,994‌

—‌

—‌

(

512‌

)

Diversified

International

Fund

1,762‌

51‌

—‌

34,169‌

Equity

Income

Fund

1,210‌

20‌

—‌

18,355‌

High

Income

Fund

1,144‌

(

88‌

)

—‌

1,332‌

International

Small

Company

Fund

419‌

145‌

—‌

8,944‌

LargeCap

Growth

Fund

I

1,809‌

6,655‌

5,428‌

18,817‌

LargeCap

S&P

500

Index

Fund

2,723‌

19,323‌

5,004‌

8,496‌

LargeCap

Value

Fund

III

1,313‌

22‌

—‌

28,035‌

MidCap

Growth

Fund

III

460‌

7,170‌

2,751‌

7,726‌

MidCap

Value

Fund

I

658‌

7‌

—‌

18,360‌

Origin

Emerging

Markets

Fund

311‌

49‌

—‌

5,187‌

Overseas

Fund

1,792‌

(

181‌

)

—‌

30,507‌

Real

Estate

Securities

Fund

391‌

(

48‌

)

78‌

8,370‌

SmallCap

Growth

Fund

I

324‌

2,435‌

1,142‌

4,654‌

SmallCap

Value

Fund

II

153‌

(

105‌

)

—‌

9,186‌

$

16,743‌

$

35,510‌

$

15,835‌

$

227,320‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

2050

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

180

INVESTMENT

COMPANIES

-

100

.00

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

58

.42

%

Blue

Chip

Fund

(a)

6,965,532‌

$

293,945‌

Core

Fixed

Income

Fund

(a)

21,257,880‌

215,555‌

Diversified

International

Fund

(a)

25,581,440‌

411,350‌

International

Small

Company

Fund

(a)

6,941,692‌

92,116‌

LargeCap

Growth

Fund

I

(a)

11,903,622‌

287,592‌

MidCap

Value

Fund

I

(a)

7,483,599‌

139,120‌

Origin

Emerging

Markets

Fund

(a)

8,421,715‌

118,325‌

Real

Estate

Securities

Fund

(a)

2,113,746‌

69,352‌

SmallCap

Growth

Fund

I

(a)

3,382,177‌

66,629‌

SmallCap

Value

Fund

II

(a)

5,150,013‌

71,070‌

$

1,765,054‌

Principal

Funds,

Inc.

Institutional

Class

-

41

.58

%

Equity

Income

Fund

(a)

6,619,801‌

268,963‌

High

Income

Fund

(a)

6,659,288‌

62,864‌

LargeCap

S&P

500

Index

Fund

(a)

9,951,993‌

252,880‌

LargeCap

Value

Fund

III

(a)

13,457,358‌

271,031‌

MidCap

Growth

Fund

III

(a)

7,707,805‌

133,345‌

Overseas

Fund

(a)

23,777,297‌

267,019‌

$

1,256,102‌

TOTAL

INVESTMENT

COMPANIES

$

3,021,156‌

Total

Investments

$

3,021,156‌

Other

Assets

and

Liabilities

-  0.00%

(

99‌

)

TOTAL

NET

ASSETS

-

100.00%

$

3,021,057‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Domestic

Equity

Funds

61

.36‌

%

Fixed

Income

Funds

22

.83‌

%

International

Equity

Funds

15

.81‌

%

Other

Assets

and

Liabilities

0

.00‌

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Blue

Chip

Fund

$

98,770‌

$

141,527‌

$

8,735‌

$

293,945‌

Core

Fixed

Income

Fund

186,575‌

42,532‌

12,592‌

215,555‌

Diversified

International

Fund

319,601‌

26,296‌

19,883‌

411,350‌

Equity

Income

Fund

69,610‌

162,847‌

8,736‌

268,963‌

High

Income

Fund

42,619‌

20,923‌

2,916‌

62,864‌

International

Small

Company

Fund

82,763‌

4,519‌

17,947‌

92,116‌

LargeCap

Growth

Fund

I

262,382‌

27,492‌

65,004‌

287,592‌

LargeCap

S&P

500

Index

Fund

336,191‌

28,706‌

181,150‌

252,880‌

LargeCap

Value

Fund

III

202,981‌

33,531‌

34,756‌

271,031‌

MidCap

Growth

Fund

III

157,428‌

14,170‌

75,083‌

133,345‌

MidCap

Value

Fund

I

110,051‌

7,749‌

23,824‌

139,120‌

Origin

Emerging

Markets

Fund

80,854‌

31,131‌

5,951‌

118,325‌

Overseas

Fund

200,931‌

13,743‌

23,816‌

267,019‌

Real

Estate

Securities

Fund

49,211‌

3,907‌

3,101‌

69,352‌

SmallCap

Growth

Fund

I

65,366‌

6,190‌

22,619‌

66,629‌

SmallCap

Value

Fund

II

40,246‌

11,422‌

3,295‌

71,070‌

$

2,305,579‌

$

576,685‌

$

509,408‌

$

3,021,156‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Blue

Chip

Fund

$

705‌

$

101‌

$

3,602‌

$

62,282‌

Core

Fixed

Income

Fund

3,448‌

35‌

—‌

(

995‌

)

Diversified

International

Fund

4,442‌

(

545‌

)

—‌

85,881‌

Equity

Income

Fund

2,974‌

80‌

—‌

45,162‌

High

Income

Fund

2,107‌

(

281‌

)

—‌

2,519‌

International

Small

Company

Fund

1,072‌

498‌

—‌

22,283‌

LargeCap

Growth

Fund

I

4,563‌

25,034‌

13,691‌

37,688‌

LargeCap

S&P

500

Index

Fund

6,746‌

62,517‌

12,395‌

6,616‌

LargeCap

Value

Fund

III

3,278‌

(

129‌

)

—‌

69,404‌

MidCap

Growth

Fund

III

1,153‌

19,619‌

6,903‌

17,211‌

MidCap

Value

Fund

I

1,635‌

288‌

—‌

44,856‌

Origin

Emerging

Markets

Fund

746‌

241‌

—‌

12,050‌

Overseas

Fund

4,535‌

(

644‌

)

—‌

76,805‌

Real

Estate

Securities

Fund

917‌

(

217‌

)

185‌

19,552‌

SmallCap

Growth

Fund

I

811‌

7,126‌

2,855‌

10,566‌

SmallCap

Value

Fund

II

388‌

(

294‌

)

—‌

22,991‌

$

39,520‌

$

113,429‌

$

39,631‌

$

534,871‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

2055

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

181

INVESTMENT

COMPANIES

-

99

.99

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

57

.81

%

Blue

Chip

Fund

(a)

1,727,167‌

$

72,886‌

Core

Fixed

Income

Fund

(a)

3,527,900‌

35,773‌

Diversified

International

Fund

(a)

6,509,245‌

104,669‌

International

Small

Company

Fund

(a)

1,740,161‌

23,092‌

LargeCap

Growth

Fund

I

(a)

2,958,854‌

71,486‌

MidCap

Value

Fund

I

(a)

1,886,345‌

35,067‌

Origin

Emerging

Markets

Fund

(a)

2,106,899‌

29,602‌

Real

Estate

Securities

Fund

(a)

515,636‌

16,918‌

SmallCap

Growth

Fund

I

(a)

841,516‌

16,578‌

SmallCap

Value

Fund

II

(a)

1,282,605‌

17,700‌

$

423,771‌

Principal

Funds,

Inc.

Institutional

Class

-

42

.18

%

Equity

Income

Fund

(a)

1,645,419‌

66,853‌

High

Income

Fund

(a)

1,080,854‌

10,203‌

LargeCap

S&P

500

Index

Fund

(a)

2,584,998‌

65,685‌

LargeCap

Value

Fund

III

(a)

3,343,944‌

67,347‌

MidCap

Growth

Fund

III

(a)

1,948,245‌

33,705‌

Overseas

Fund

(a)

5,829,041‌

65,460‌

$

309,253‌

TOTAL

INVESTMENT

COMPANIES

$

733,024‌

Total

Investments

$

733,024‌

Other

Assets

and

Liabilities

-  0.01%

75‌

TOTAL

NET

ASSETS

-

100.00%

$

733,099‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Domestic

Equity

Funds

63

.32‌

%

Fixed

Income

Funds

20

.55‌

%

International

Equity

Funds

16

.12‌

%

Other

Assets

and

Liabilities

0

.01‌

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Blue

Chip

Fund

$

23,105‌

$

36,858‌

$

2,183‌

$

72,886‌

Core

Fixed

Income

Fund

27,897‌

10,116‌

2,134‌

35,773‌

Diversified

International

Fund

73,874‌

13,826‌

3,173‌

104,669‌

Equity

Income

Fund

16,521‌

41,583‌

2,182‌

66,853‌

High

Income

Fund

8,324‌

2,076‌

614‌

10,203‌

International

Small

Company

Fund

19,000‌

2,631‌

3,926‌

23,092‌

LargeCap

Growth

Fund

I

60,251‌

10,644‌

14,580‌

71,486‌

LargeCap

S&P

500

Index

Fund

75,346‌

11,168‌

37,457‌

65,685‌

LargeCap

Value

Fund

III

47,019‌

11,917‌

8,107‌

67,347‌

MidCap

Growth

Fund

III

36,505‌

6,122‌

17,775‌

33,705‌

MidCap

Value

Fund

I

25,846‌

4,630‌

6,312‌

35,067‌

Origin

Emerging

Markets

Fund

19,302‌

8,641‌

1,278‌

29,602‌

Overseas

Fund

46,469‌

7,395‌

6,289‌

65,460‌

Real

Estate

Securities

Fund

10,962‌

2,117‌

731‌

16,918‌

SmallCap

Growth

Fund

I

14,908‌

2,554‌

4,974‌

16,578‌

SmallCap

Value

Fund

II

9,534‌

3,539‌

844‌

17,700‌

$

514,863‌

$

175,817‌

$

112,559‌

$

733,024‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Blue

Chip

Fund

$

165‌

$

63‌

$

845‌

$

15,043‌

Core

Fixed

Income

Fund

550‌

3‌

—‌

(

109‌

)

Diversified

International

Fund

1,045‌

13‌

—‌

20,129‌

Equity

Income

Fund

721‌

3‌

—‌

10,928‌

High

Income

Fund

377‌

(

28‌

)

—‌

445‌

International

Small

Company

Fund

252‌

(

35‌

)

—‌

5,422‌

LargeCap

Growth

Fund

I

1,065‌

2,706‌

3,194‌

12,465‌

LargeCap

S&P

500

Index

Fund

1,553‌

6,679‌

2,851‌

9,949‌

LargeCap

Value

Fund

III

774‌

—‌

—‌

16,518‌

MidCap

Growth

Fund

III

269‌

3,824‌

1,613‌

5,029‌

MidCap

Value

Fund

I

389‌

(

217‌

)

—‌

11,120‌

Origin

Emerging

Markets

Fund

178‌

12‌

—‌

2,925‌

Overseas

Fund

1,064‌

(

115‌

)

—‌

18,000‌

Real

Estate

Securities

Fund

215‌

(

19‌

)

42‌

4,589‌

SmallCap

Growth

Fund

I

186‌

1,043‌

657‌

3,047‌

SmallCap

Value

Fund

II

93‌

(

87‌

)

—‌

5,558‌

$

8,896‌

$

13,845‌

$

9,202‌

$

141,058‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

2060

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

182

INVESTMENT

COMPANIES

-

99

.99

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

57

.15

%

Blue

Chip

Fund

(a)

1,586,082‌

$

66,933‌

Core

Fixed

Income

Fund

(a)

2,254,510‌

22,861‌

Diversified

International

Fund

(a)

6,004,666‌

96,555‌

International

Small

Company

Fund

(a)

1,626,617‌

21,585‌

LargeCap

Growth

Fund

I

(a)

2,718,769‌

65,685‌

MidCap

Value

Fund

I

(a)

1,764,632‌

32,805‌

Origin

Emerging

Markets

Fund

(a)

1,956,096‌

27,483‌

Real

Estate

Securities

Fund

(a)

474,337‌

15,563‌

SmallCap

Growth

Fund

I

(a)

779,474‌

15,356‌

SmallCap

Value

Fund

II

(a)

1,181,404‌

16,303‌

$

381,129‌

Principal

Funds,

Inc.

Institutional

Class

-

42

.84

%

Equity

Income

Fund

(a)

1,513,438‌

61,491‌

High

Income

Fund

(a)

785,733‌

7,417‌

LargeCap

S&P

500

Index

Fund

(a)

2,426,434‌

61,656‌

LargeCap

Value

Fund

III

(a)

3,073,085‌

61,892‌

MidCap

Growth

Fund

III

(a)

1,832,072‌

31,695‌

Overseas

Fund

(a)

5,483,927‌

61,584‌

$

285,735‌

TOTAL

INVESTMENT

COMPANIES

$

666,864‌

Total

Investments

$

666,864‌

Other

Assets

and

Liabilities

-  0.01%

56‌

TOTAL

NET

ASSETS

-

100.00%

$

666,920‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Domestic

Equity

Funds

64

.38‌

%

Fixed

Income

Funds

19

.02‌

%

International

Equity

Funds

16

.59‌

%

Other

Assets

and

Liabilities

0

.01‌

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Blue

Chip

Fund

$

19,868‌

$

35,545‌

$

1,978‌

$

66,933‌

Core

Fixed

Income

Fund

16,834‌

7,619‌

1,537‌

22,861‌

Diversified

International

Fund

64,603‌

17,614‌

3,398‌

96,555‌

Equity

Income

Fund

14,522‌

39,233‌

1,978‌

61,491‌

High

Income

Fund

5,812‌

2,019‌

709‌

7,417‌

International

Small

Company

Fund

16,574‌

3,424‌

3,195‌

21,585‌

LargeCap

Growth

Fund

I

52,512‌

12,201‌

12,578‌

65,685‌

LargeCap

S&P

500

Index

Fund

66,052‌

12,740‌

32,038‌

61,656‌

LargeCap

Value

Fund

III

41,388‌

13,132‌

7,254‌

61,892‌

MidCap

Growth

Fund

III

31,909‌

7,354‌

15,474‌

31,695‌

MidCap

Value

Fund

I

22,864‌

6,005‌

5,769‌

32,805‌

Origin

Emerging

Markets

Fund

17,932‌

8,092‌

1,154‌

27,483‌

Overseas

Fund

40,907‌

9,587‌

4,711‌

61,584‌

Real

Estate

Securities

Fund

9,516‌

2,666‌

674‌

15,563‌

SmallCap

Growth

Fund

I

13,197‌

3,085‌

4,547‌

15,356‌

SmallCap

Value

Fund

II

8,487‌

3,823‌

856‌

16,303‌

$

442,977‌

$

184,139‌

$

97,850‌

$

666,864‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Blue

Chip

Fund

$

143‌

$

—‌

$

732‌

$

13,498‌

Core

Fixed

Income

Fund

338‌

1‌

—‌

(

56‌

)

Diversified

International

Fund

923‌

15‌

—‌

17,721‌

Equity

Income

Fund

646‌

1‌

—‌

9,713‌

High

Income

Fund

262‌

(

39‌

)

—‌

334‌

International

Small

Company

Fund

225‌

(

103‌

)

—‌

4,885‌

LargeCap

Growth

Fund

I

930‌

1,557‌

2,789‌

11,993‌

LargeCap

S&P

500

Index

Fund

1,358‌

4,479‌

2,493‌

10,423‌

LargeCap

Value

Fund

III

685‌

(

72‌

)

—‌

14,698‌

MidCap

Growth

Fund

III

235‌

2,868‌

1,410‌

5,038‌

MidCap

Value

Fund

I

344‌

(

340‌

)

—‌

10,045‌

Origin

Emerging

Markets

Fund

158‌

12‌

—‌

2,601‌

Overseas

Fund

949‌

(

166‌

)

—‌

15,967‌

Real

Estate

Securities

Fund

190‌

(

48‌

)

37‌

4,103‌

SmallCap

Growth

Fund

I

164‌

840‌

579‌

2,781‌

SmallCap

Value

Fund

II

83‌

(

141‌

)

—‌

4,990‌

$

7,633‌

$

8,864‌

$

8,040‌

$

128,734‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

2065

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

183

INVESTMENT

COMPANIES

-

100

.02

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

57

.53

%

Blue

Chip

Fund

(a)

169,962‌

$

7,172‌

Core

Fixed

Income

Fund

(a)

243,794‌

2,472‌

Diversified

International

Fund

(a)

674,834‌

10,851‌

International

Small

Company

Fund

(a)

177,146‌

2,351‌

LargeCap

Growth

Fund

I

(a)

291,799‌

7,050‌

MidCap

Value

Fund

I

(a)

204,717‌

3,806‌

Origin

Emerging

Markets

Fund

(a)

210,817‌

2,962‌

Real

Estate

Securities

Fund

(a)

55,955‌

1,836‌

SmallCap

Growth

Fund

I

(a)

85,351‌

1,681‌

SmallCap

Value

Fund

II

(a)

128,526‌

1,774‌

$

41,955‌

Principal

Funds,

Inc.

Institutional

Class

-

42

.49

%

Equity

Income

Fund

(a)

162,787‌

6,614‌

High

Income

Fund

(a)

87,107‌

822‌

LargeCap

S&P

500

Index

Fund

(a)

260,758‌

6,626‌

LargeCap

Value

Fund

III

(a)

329,456‌

6,635‌

MidCap

Growth

Fund

III

(a)

216,366‌

3,743‌

Overseas

Fund

(a)

582,596‌

6,543‌

$

30,983‌

TOTAL

INVESTMENT

COMPANIES

$

72,938‌

Total

Investments

$

72,938‌

Other

Assets

and

Liabilities

-  (0.02)%

(

18‌

)

TOTAL

NET

ASSETS

-

100.00%

$

72,920‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Domestic

Equity

Funds

64

.37‌

%

Fixed

Income

Funds

19

.40‌

%

International

Equity

Funds

16

.25‌

%

Other

Assets

and

Liabilities

(

0

.02‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Blue

Chip

Fund

$

1,330‌

$

4,901‌

$

344‌

$

7,172‌

Core

Fixed

Income

Fund

917‌

1,778‌

227‌

2,472‌

Diversified

International

Fund

4,551‌

5,448‌

541‌

10,851‌

Equity

Income

Fund

1,037‌

5,064‌

343‌

6,614‌

High

Income

Fund

262‌

618‌

74‌

822‌

International

Small

Company

Fund

1,155‌

1,121‌

313‌

2,351‌

LargeCap

Growth

Fund

I

3,708‌

3,231‌

1,139‌

7,050‌

LargeCap

S&P

500

Index

Fund

4,591‌

3,406‌

2,640‌

6,626‌

LargeCap

Value

Fund

III

3,007‌

3,185‌

789‌

6,635‌

MidCap

Growth

Fund

III

2,225‌

2,112‌

1,291‌

3,743‌

MidCap

Value

Fund

I

1,677‌

1,999‌

719‌

3,806‌

Origin

Emerging

Markets

Fund

1,267‌

1,718‌

187‌

2,962‌

Overseas

Fund

2,876‌

3,137‌

673‌

6,543‌

Real

Estate

Securities

Fund

683‌

863‌

112‌

1,836‌

SmallCap

Growth

Fund

I

914‌

864‌

367‌

1,681‌

SmallCap

Value

Fund

II

642‌

859‌

133‌

1,774‌

$

30,842‌

$

40,304‌

$

9,892‌

$

72,938‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Blue

Chip

Fund

$

10‌

$

—‌

$

53‌

$

1,285‌

Core

Fixed

Income

Fund

29‌

—‌

—‌

4‌

Diversified

International

Fund

72‌

2‌

—‌

1,391‌

Equity

Income

Fund

59‌

1‌

—‌

855‌

High

Income

Fund

23‌

(

1‌

)

—‌

17‌

International

Small

Company

Fund

18‌

2‌

—‌

386‌

LargeCap

Growth

Fund

I

71‌

14‌

213‌

1,236‌

LargeCap

S&P

500

Index

Fund

105‌

172‌

193‌

1,097‌

LargeCap

Value

Fund

III

55‌

5‌

—‌

1,227‌

MidCap

Growth

Fund

III

18‌

118‌

106‌

579‌

MidCap

Value

Fund

I

28‌

15‌

—‌

834‌

Origin

Emerging

Markets

Fund

12‌

—‌

—‌

164‌

Overseas

Fund

74‌

—‌

—‌

1,203‌

Real

Estate

Securities

Fund

18‌

—‌

3‌

402‌

SmallCap

Growth

Fund

I

12‌

22‌

43‌

248‌

SmallCap

Value

Fund

II

7‌

—‌

—‌

406‌

$

611‌

$

350‌

$

611‌

$

11,334‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

Hybrid

2015

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

184

INVESTMENT

COMPANIES

-

100

.02

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

21

.76

%

Diversified

International

Fund

(a)

888,754‌

$

14,291‌

Diversified

Real

Asset

Fund

(a)

178,213‌

2,395‌

International

Small

Company

Fund

(a)

136,349‌

1,809‌

MidCap

S&P

400

Index

Fund

(a)

225,591‌

5,672‌

Origin

Emerging

Markets

Fund

(a)

126,908‌

1,783‌

SmallCap

S&P

600

Index

Fund

(a)

91,252‌

2,958‌

$

28,908‌

Principal

Funds,

Inc.

Institutional

Class

-

78

.26

%

Bond

Market

Index

Fund

(a)

4,300,506‌

43,607‌

High

Income

Fund

(a)

852,305‌

8,046‌

Inflation

Protection

Fund

(a)

550,895‌

5,415‌

LargeCap

S&P

500

Index

Fund

(a)

1,091,801‌

27,743‌

Short-Term

Income

Fund

(a)

1,541,708‌

19,132‌

$

103,943‌

TOTAL

INVESTMENT

COMPANIES

$

132,851‌

Total

Investments

$

132,851‌

Other

Assets

and

Liabilities

-  (0.02)%

(

27‌

)

TOTAL

NET

ASSETS

-

100.00%

$

132,824‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Fixed

Income

Funds

68

.13‌

%

Domestic

Equity

Funds

27

.39‌

%

International

Equity

Funds

2

.70‌

%

Specialty

Funds

1

.80‌

%

Other

Assets

and

Liabilities

(

0

.02‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Bond

Market

Index

Fund

$

37,097‌

$

17,202‌

$

4,708‌

$

43,607‌

Diversified

International

Fund

11,350‌

2,522‌

2,599‌

14,291‌

Diversified

Real

Asset

Fund

1,948‌

612‌

624‌

2,395‌

High

Income

Fund

6,021‌

2,515‌

797‌

8,046‌

Inflation

Protection

Fund

4,442‌

1,262‌

576‌

5,415‌

International

Small

Company

Fund

1,794‌

328‌

794‌

1,809‌

LargeCap

S&P

500

Index

Fund

22,529‌

5,614‌

6,290‌

27,743‌

MidCap

S&P

400

Index

Fund

2,481‌

3,079‌

943‌

5,672‌

Origin

Emerging

Markets

Fund

—‌

1,886‌

121‌

1,783‌

Short-Term

Income

Fund

16,405‌

4,795‌

1,900‌

19,132‌

SmallCap

S&P

600

Index

Fund

1,923‌

583‌

529‌

2,958‌

$

105,990‌

$

40,398‌

$

19,881‌

$

132,851‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Bond

Market

Index

Fund

$

3,018‌

$

(

157‌

)

$

3,257‌

$

(

5,827‌

)

Diversified

International

Fund

150‌

153‌

—‌

2,865‌

Diversified

Real

Asset

Fund

13‌

31‌

—‌

428‌

High

Income

Fund

285‌

(

7‌

)

—‌

314‌

Inflation

Protection

Fund

22‌

1‌

—‌

286‌

International

Small

Company

Fund

21‌

92‌

—‌

389‌

LargeCap

S&P

500

Index

Fund

617‌

439‌

1,134‌

5,451‌

MidCap

S&P

400

Index

Fund

78‌

(

2‌

)

254‌

1,057‌

Origin

Emerging

Markets

Fund

9‌

—‌

—‌

18‌

Short-Term

Income

Fund

244‌

(

2‌

)

26‌

(

166‌

)

SmallCap

S&P

600

Index

Fund

42‌

22‌

15‌

959‌

$

4,499‌

$

570‌

$

4,686‌

$

5,774‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

Hybrid

2020

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

185

INVESTMENT

COMPANIES

-

100

.01

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

26

.11

%

Diversified

International

Fund

(a)

3,709,631‌

$

59,651‌

Diversified

Real

Asset

Fund

(a)

615,552‌

8,273‌

International

Small

Company

Fund

(a)

566,361‌

7,515‌

MidCap

S&P

400

Index

Fund

(a)

936,791‌

23,551‌

Origin

Emerging

Markets

Fund

(a)

529,872‌

7,445‌

SmallCap

S&P

600

Index

Fund

(a)

377,476‌

12,234‌

$

118,669‌

Principal

Funds,

Inc.

Institutional

Class

-

73

.90

%

Bond

Market

Index

Fund

(a)

13,354,564‌

135,415‌

High

Income

Fund

(a)

2,481,362‌

23,424‌

Inflation

Protection

Fund

(a)

1,787,364‌

17,570‌

LargeCap

S&P

500

Index

Fund

(a)

4,526,860‌

115,028‌

Short-Term

Income

Fund

(a)

3,582,841‌

44,463‌

$

335,900‌

TOTAL

INVESTMENT

COMPANIES

$

454,569‌

Total

Investments

$

454,569‌

Other

Assets

and

Liabilities

-  (0.01)%

(

41‌

)

TOTAL

NET

ASSETS

-

100.00%

$

454,528‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Fixed

Income

Funds

61

.72‌

%

Domestic

Equity

Funds

33

.18‌

%

International

Equity

Funds

3

.29‌

%

Specialty

Funds

1

.82‌

%

Other

Assets

and

Liabilities

(

0

.01‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Bond

Market

Index

Fund

$

113,357‌

$

49,344‌

$

9,231‌

$

135,415‌

Diversified

International

Fund

47,011‌

9,181‌

8,966‌

59,651‌

Diversified

Real

Asset

Fund

6,165‌

1,766‌

1,140‌

8,273‌

High

Income

Fund

17,280‌

6,725‌

1,464‌

23,424‌

Inflation

Protection

Fund

14,243‌

3,575‌

1,166‌

17,570‌

International

Small

Company

Fund

7,336‌

1,174‌

2,954‌

7,515‌

LargeCap

S&P

500

Index

Fund

92,225‌

21,233‌

22,452‌

115,028‌

MidCap

S&P

400

Index

Fund

9,450‌

12,605‌

2,646‌

23,551‌

Origin

Emerging

Markets

Fund

—‌

7,642‌

337‌

7,445‌

Short-Term

Income

Fund

36,530‌

11,080‌

2,780‌

44,463‌

SmallCap

S&P

600

Index

Fund

7,640‌

2,319‌

1,668‌

12,234‌

$

351,237‌

$

126,644‌

$

54,804‌

$

454,569‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Bond

Market

Index

Fund

$

9,133‌

$

(

497‌

)

$

9,857‌

$

(

17,558‌

)

Diversified

International

Fund

615‌

698‌

—‌

11,727‌

Diversified

Real

Asset

Fund

39‌

35‌

—‌

1,447‌

High

Income

Fund

808‌

(

18‌

)

—‌

901‌

Inflation

Protection

Fund

72‌

3‌

—‌

915‌

International

Small

Company

Fund

84‌

272‌

—‌

1,687‌

LargeCap

S&P

500

Index

Fund

2,494‌

2,096‌

4,582‌

21,926‌

MidCap

S&P

400

Index

Fund

311‌

(

29‌

)

1,018‌

4,171‌

Origin

Emerging

Markets

Fund

41‌

1‌

—‌

139‌

Short-Term

Income

Fund

548‌

(

5‌

)

57‌

(

362‌

)

SmallCap

S&P

600

Index

Fund

169‌

82‌

61‌

3,861‌

$

14,314‌

$

2,638‌

$

15,575‌

$

28,854‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

Hybrid

2025

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

186

INVESTMENT

COMPANIES

-

100

.01

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

30

.63

%

Diversified

International

Fund

(a)

4,345,739‌

$

69,880‌

Diversified

Real

Asset

Fund

(a)

645,211‌

8,672‌

International

Small

Company

Fund

(a)

657,262‌

8,722‌

MidCap

S&P

400

Index

Fund

(a)

1,122,211‌

28,212‌

Origin

Emerging

Markets

Fund

(a)

616,445‌

8,661‌

SmallCap

S&P

600

Index

Fund

(a)

446,327‌

14,465‌

$

138,612‌

Principal

Funds,

Inc.

Institutional

Class

-

69

.38

%

Bond

Market

Index

Fund

(a)

11,906,051‌

120,727‌

High

Income

Fund

(a)

2,178,342‌

20,564‌

Inflation

Protection

Fund

(a)

1,303,073‌

12,809‌

LargeCap

S&P

500

Index

Fund

(a)

5,365,494‌

136,337‌

Short-Term

Income

Fund

(a)

1,891,026‌

23,468‌

$

313,905‌

TOTAL

INVESTMENT

COMPANIES

$

452,517‌

Total

Investments

$

452,517‌

Other

Assets

and

Liabilities

-  (0.01)%

(

37‌

)

TOTAL

NET

ASSETS

-

100.00%

$

452,480‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Fixed

Income

Funds

54

.69‌

%

Domestic

Equity

Funds

39

.56‌

%

International

Equity

Funds

3

.84‌

%

Specialty

Funds

1

.92‌

%

Other

Assets

and

Liabilities

(

0

.01‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Bond

Market

Index

Fund

$

92,766‌

$

50,601‌

$

7,641‌

$

120,727‌

Diversified

International

Fund

51,000‌

14,579‌

9,451‌

69,880‌

Diversified

Real

Asset

Fund

6,089‌

2,345‌

1,273‌

8,672‌

High

Income

Fund

13,570‌

7,460‌

1,183‌

20,564‌

Inflation

Protection

Fund

9,600‌

3,372‌

826‌

12,809‌

International

Small

Company

Fund

7,734‌

1,852‌

2,999‌

8,722‌

LargeCap

S&P

500

Index

Fund

98,361‌

30,674‌

19,896‌

136,337‌

MidCap

S&P

400

Index

Fund

11,879‌

13,881‌

2,603‌

28,212‌

Origin

Emerging

Markets

Fund

—‌

8,924‌

383‌

8,661‌

Short-Term

Income

Fund

17,986‌

7,026‌

1,355‌

23,468‌

SmallCap

S&P

600

Index

Fund

8,306‌

3,429‌

1,641‌

14,465‌

$

317,291‌

$

144,143‌

$

49,251‌

$

452,517‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Bond

Market

Index

Fund

$

7,649‌

$

(

660‌

)

$

8,247‌

$

(

14,339‌

)

Diversified

International

Fund

679‌

450‌

—‌

13,302‌

Diversified

Real

Asset

Fund

40‌

32‌

—‌

1,479‌

High

Income

Fund

681‌

(

19‌

)

—‌

736‌

Inflation

Protection

Fund

49‌

2‌

—‌

661‌

International

Small

Company

Fund

92‌

34‌

—‌

2,101‌

LargeCap

S&P

500

Index

Fund

2,752‌

647‌

5,054‌

26,551‌

MidCap

S&P

400

Index

Fund

346‌

(

65‌

)

1,131‌

5,120‌

Origin

Emerging

Markets

Fund

44‌

2‌

—‌

118‌

Short-Term

Income

Fund

280‌

(

4‌

)

29‌

(

185‌

)

SmallCap

S&P

600

Index

Fund

187‌

41‌

67‌

4,330‌

$

12,799‌

$

460‌

$

14,528‌

$

39,874‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

Hybrid

2030

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

187

INVESTMENT

COMPANIES

-

100

.01

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

34

.77

%

Diversified

International

Fund

(a)

5,427,103‌

$

87,268‌

Diversified

Real

Asset

Fund

(a)

682,492‌

9,173‌

International

Small

Company

Fund

(a)

819,927‌

10,880‌

MidCap

S&P

400

Index

Fund

(a)

1,376,853‌

34,614‌

Origin

Emerging

Markets

Fund

(a)

768,748‌

10,801‌

SmallCap

S&P

600

Index

Fund

(a)

548,166‌

17,766‌

$

170,502‌

Principal

Funds,

Inc.

Institutional

Class

-

65

.24

%

Bond

Market

Index

Fund

(a)

11,819,213‌

119,847‌

High

Income

Fund

(a)

2,224,922‌

21,003‌

Inflation

Protection

Fund

(a)

1,042,134‌

10,244‌

LargeCap

S&P

500

Index

Fund

(a)

6,642,368‌

168,783‌

$

319,877‌

TOTAL

INVESTMENT

COMPANIES

$

490,379‌

Total

Investments

$

490,379‌

Other

Assets

and

Liabilities

-  (0.01)%

(

35‌

)

TOTAL

NET

ASSETS

-

100.00%

$

490,344‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Fixed

Income

Funds

48

.62‌

%

Domestic

Equity

Funds

45

.10‌

%

International

Equity

Funds

4

.42‌

%

Specialty

Funds

1

.87‌

%

Other

Assets

and

Liabilities

(

0

.01‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Bond

Market

Index

Fund

$

92,018‌

$

48,475‌

$

5,889‌

$

119,847‌

Diversified

International

Fund

63,109‌

17,039‌

9,881‌

87,268‌

Diversified

Real

Asset

Fund

6,232‌

2,344‌

964‌

9,173‌

High

Income

Fund

13,263‌

7,959‌

924‌

21,003‌

Inflation

Protection

Fund

7,600‌

2,628‌

508‌

10,244‌

International

Small

Company

Fund

9,889‌

2,174‌

3,878‌

10,880‌

LargeCap

S&P

500

Index

Fund

121,031‌

36,204‌

22,003‌

168,783‌

MidCap

S&P

400

Index

Fund

13,335‌

18,006‌

2,659‌

34,614‌

Origin

Emerging

Markets

Fund

—‌

11,018‌

347‌

10,801‌

SmallCap

S&P

600

Index

Fund

10,365‌

3,713‌

1,719‌

17,766‌

$

336,842‌

$

149,560‌

$

48,772‌

$

490,379‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Bond

Market

Index

Fund

$

7,525‌

$

(

512‌

)

$

8,107‌

$

(

14,245‌

)

Diversified

International

Fund

849‌

283‌

—‌

16,718‌

Diversified

Real

Asset

Fund

41‌

18‌

—‌

1,543‌

High

Income

Fund

681‌

(

17‌

)

—‌

722‌

Inflation

Protection

Fund

39‌

—‌

—‌

524‌

International

Small

Company

Fund

116‌

19‌

—‌

2,676‌

LargeCap

S&P

500

Index

Fund

3,337‌

1,230‌

6,125‌

32,321‌

MidCap

S&P

400

Index

Fund

419‌

(

53‌

)

1,370‌

5,985‌

Origin

Emerging

Markets

Fund

54‌

3‌

—‌

127‌

SmallCap

S&P

600

Index

Fund

227‌

40‌

82‌

5,367‌

$

13,288‌

$

1,011‌

$

15,684‌

$

51,738‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

Hybrid

2035

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

188

INVESTMENT

COMPANIES

-

100

.01

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

38

.56

%

Diversified

International

Fund

(a)

4,632,255‌

$

74,487‌

International

Small

Company

Fund

(a)

702,791‌

9,326‌

MidCap

S&P

400

Index

Fund

(a)

1,149,696‌

28,903‌

Origin

Emerging

Markets

Fund

(a)

655,081‌

9,204‌

Real

Estate

Securities

Fund

(a)

274,833‌

9,017‌

SmallCap

S&P

600

Index

Fund

(a)

453,125‌

14,686‌

$

145,623‌

Principal

Funds,

Inc.

Institutional

Class

-

61

.45

%

Bond

Market

Index

Fund

(a)

7,540,505‌

76,461‌

High

Income

Fund

(a)

1,533,072‌

14,472‌

LargeCap

S&P

500

Index

Fund

(a)

5,552,884‌

141,099‌

$

232,032‌

TOTAL

INVESTMENT

COMPANIES

$

377,655‌

Total

Investments

$

377,655‌

Other

Assets

and

Liabilities

-  (0.01)%

(

28‌

)

TOTAL

NET

ASSETS

-

100.00%

$

377,627‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Domestic

Equity

Funds

51

.30‌

%

Fixed

Income

Funds

43

.80‌

%

International

Equity

Funds

4

.91‌

%

Other

Assets

and

Liabilities

(

0

.01‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Bond

Market

Index

Fund

$

53,073‌

$

34,016‌

$

2,122‌

$

76,461‌

Diversified

International

Fund

48,302‌

16,252‌

3,465‌

74,487‌

High

Income

Fund

8,384‌

6,000‌

360‌

14,472‌

International

Small

Company

Fund

7,697‌

2,063‌

2,599‌

9,326‌

LargeCap

S&P

500

Index

Fund

94,814‌

33,112‌

13,930‌

141,099‌

MidCap

S&P

400

Index

Fund

12,082‌

13,583‌

1,868‌

28,903‌

Origin

Emerging

Markets

Fund

3,556‌

5,339‌

209‌

9,204‌

Real

Estate

Securities

Fund

5,181‌

2,091‌

531‌

9,017‌

SmallCap

S&P

600

Index

Fund

8,172‌

3,486‌

1,280‌

14,686‌

$

241,261‌

$

115,942‌

$

26,364‌

$

377,655‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Bond

Market

Index

Fund

$

4,378‌

$

(

242‌

)

$

4,719‌

$

(

8,264‌

)

Diversified

International

Fund

688‌

26‌

—‌

13,372‌

High

Income

Fund

460‌

(

16‌

)

—‌

464‌

International

Small

Company

Fund

94‌

(

10‌

)

—‌

2,175‌

LargeCap

S&P

500

Index

Fund

2,671‌

457‌

4,903‌

26,646‌

MidCap

S&P

400

Index

Fund

336‌

(

39‌

)

1,100‌

5,145‌

Origin

Emerging

Markets

Fund

47‌

2‌

—‌

516‌

Real

Estate

Securities

Fund

106‌

(

16‌

)

20‌

2,292‌

SmallCap

S&P

600

Index

Fund

181‌

35‌

66‌

4,273‌

$

8,961‌

$

197‌

$

10,808‌

$

46,619‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

Hybrid

2040

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

189

INVESTMENT

COMPANIES

-

100

.01

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

41

.58

%

Diversified

International

Fund

(a)

4,628,352‌

$

74,424‌

International

Small

Company

Fund

(a)

724,477‌

9,614‌

MidCap

S&P

400

Index

Fund

(a)

1,137,425‌

28,595‌

Origin

Emerging

Markets

Fund

(a)

662,950‌

9,314‌

Real

Estate

Securities

Fund

(a)

246,370‌

8,083‌

SmallCap

S&P

600

Index

Fund

(a)

453,430‌

14,696‌

$

144,726‌

Principal

Funds,

Inc.

Institutional

Class

-

58

.43

%

Bond

Market

Index

Fund

(a)

4,983,343‌

50,531‌

High

Income

Fund

(a)

1,174,353‌

11,086‌

LargeCap

S&P

500

Index

Fund

(a)

5,578,224‌

141,743‌

$

203,360‌

TOTAL

INVESTMENT

COMPANIES

$

348,086‌

Total

Investments

$

348,086‌

Other

Assets

and

Liabilities

-  (0.01)%

(

33‌

)

TOTAL

NET

ASSETS

-

100.00%

$

348,053‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Domestic

Equity

Funds

55

.48‌

%

Fixed

Income

Funds

39

.09‌

%

International

Equity

Funds

5

.44‌

%

Other

Assets

and

Liabilities

(

0

.01‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Bond

Market

Index

Fund

$

38,084‌

$

20,811‌

$

2,359‌

$

50,531‌

Diversified

International

Fund

50,956‌

13,322‌

3,760‌

74,424‌

High

Income

Fund

6,838‌

4,325‌

440‌

11,086‌

International

Small

Company

Fund

7,822‌

1,711‌

2,138‌

9,614‌

LargeCap

S&P

500

Index

Fund

102,399‌

28,520‌

17,466‌

141,743‌

MidCap

S&P

400

Index

Fund

10,673‌

15,147‌

2,049‌

28,595‌

Origin

Emerging

Markets

Fund

4,300‌

4,749‌

309‌

9,314‌

Real

Estate

Securities

Fund

4,912‌

1,576‌

504‌

8,083‌

SmallCap

S&P

600

Index

Fund

8,498‌

3,162‌

1,418‌

14,696‌

$

234,482‌

$

93,323‌

$

30,443‌

$

348,086‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Bond

Market

Index

Fund

$

3,064‌

$

(

172‌

)

$

3,303‌

$

(

5,833‌

)

Diversified

International

Fund

712‌

18‌

—‌

13,888‌

High

Income

Fund

356‌

(

15‌

)

—‌

378‌

International

Small

Company

Fund

99‌

(

48‌

)

—‌

2,267‌

LargeCap

S&P

500

Index

Fund

2,769‌

1,143‌

5,084‌

27,147‌

MidCap

S&P

400

Index

Fund

345‌

(

42‌

)

1,129‌

4,866‌

Origin

Emerging

Markets

Fund

48‌

2‌

—‌

572‌

Real

Estate

Securities

Fund

98‌

(

11‌

)

19‌

2,110‌

SmallCap

S&P

600

Index

Fund

187‌

32‌

68‌

4,422‌

$

7,678‌

$

907‌

$

9,603‌

$

49,817‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

Hybrid

2045

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

190

INVESTMENT

COMPANIES

-

100

.01

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

43

.84

%

Diversified

International

Fund

(a)

3,286,465‌

$

52,846‌

International

Small

Company

Fund

(a)

501,041‌

6,649‌

MidCap

S&P

400

Index

Fund

(a)

813,462‌

20,450‌

Origin

Emerging

Markets

Fund

(a)

467,461‌

6,568‌

Real

Estate

Securities

Fund

(a)

163,625‌

5,369‌

SmallCap

S&P

600

Index

Fund

(a)

323,237‌

10,476‌

$

102,358‌

Principal

Funds,

Inc.

Institutional

Class

-

56

.17

%

Bond

Market

Index

Fund

(a)

2,267,440‌

22,992‌

High

Income

Fund

(a)

666,013‌

6,287‌

LargeCap

S&P

500

Index

Fund

(a)

4,008,641‌

101,860‌

$

131,139‌

TOTAL

INVESTMENT

COMPANIES

$

233,497‌

Total

Investments

$

233,497‌

Other

Assets

and

Liabilities

-  (0.01)%

(

27‌

)

TOTAL

NET

ASSETS

-

100.00%

$

233,470‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Domestic

Equity

Funds

59

.18‌

%

Fixed

Income

Funds

35

.17‌

%

International

Equity

Funds

5

.66‌

%

Other

Assets

and

Liabilities

(

0

.01‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Bond

Market

Index

Fund

$

17,634‌

$

9,449‌

$

1,187‌

$

22,992‌

Diversified

International

Fund

34,849‌

10,430‌

2,104‌

52,846‌

High

Income

Fund

3,437‌

2,877‌

216‌

6,287‌

International

Small

Company

Fund

5,092‌

1,324‌

1,256‌

6,649‌

LargeCap

S&P

500

Index

Fund

68,510‌

22,587‌

8,892‌

101,860‌

MidCap

S&P

400

Index

Fund

8,556‌

9,535‌

1,302‌

20,450‌

Origin

Emerging

Markets

Fund

3,101‌

3,227‌

187‌

6,568‌

Real

Estate

Securities

Fund

3,204‌

1,157‌

376‌

5,369‌

SmallCap

S&P

600

Index

Fund

5,917‌

2,285‌

864‌

10,476‌

$

150,300‌

$

62,871‌

$

16,384‌

$

233,497‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Bond

Market

Index

Fund

$

1,471‌

$

(

83‌

)

$

1,588‌

$

(

2,821‌

)

Diversified

International

Fund

499‌

10‌

—‌

9,661‌

High

Income

Fund

196‌

(

7‌

)

—‌

196‌

International

Small

Company

Fund

68‌

(

31‌

)

—‌

1,520‌

LargeCap

S&P

500

Index

Fund

1,939‌

253‌

3,564‌

19,402‌

MidCap

S&P

400

Index

Fund

245‌

(

28‌

)

802‌

3,689‌

Origin

Emerging

Markets

Fund

34‌

1‌

—‌

426‌

Real

Estate

Securities

Fund

65‌

(

10‌

)

13‌

1,394‌

SmallCap

S&P

600

Index

Fund

132‌

13‌

48‌

3,125‌

$

4,649‌

$

118‌

$

6,015‌

$

36,592‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

Hybrid

2050

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

191

INVESTMENT

COMPANIES

-

100

.01

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

45

.31

%

Diversified

International

Fund

(a)

2,706,253‌

$

43,517‌

International

Small

Company

Fund

(a)

421,727‌

5,596‌

MidCap

S&P

400

Index

Fund

(a)

669,060‌

16,820‌

Origin

Emerging

Markets

Fund

(a)

386,292‌

5,428‌

Real

Estate

Securities

Fund

(a)

128,344‌

4,211‌

SmallCap

S&P

600

Index

Fund

(a)

266,469‌

8,636‌

$

84,208‌

Principal

Funds,

Inc.

Institutional

Class

-

54

.70

%

Bond

Market

Index

Fund

(a)

1,346,322‌

13,651‌

High

Income

Fund

(a)

414,804‌

3,916‌

LargeCap

S&P

500

Index

Fund

(a)

3,310,147‌

84,111‌

$

101,678‌

TOTAL

INVESTMENT

COMPANIES

$

185,886‌

Total

Investments

$

185,886‌

Other

Assets

and

Liabilities

-  (0.01)%

(

26‌

)

TOTAL

NET

ASSETS

-

100.00%

$

185,860‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Domestic

Equity

Funds

61

.22‌

%

Fixed

Income

Funds

32

.86‌

%

International

Equity

Funds

5

.93‌

%

Other

Assets

and

Liabilities

(

0

.01‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Bond

Market

Index

Fund

$

9,942‌

$

6,178‌

$

843‌

$

13,651‌

Diversified

International

Fund

29,216‌

8,300‌

2,053‌

43,517‌

High

Income

Fund

2,148‌

1,787‌

138‌

3,916‌

International

Small

Company

Fund

4,307‌

1,070‌

1,035‌

5,596‌

LargeCap

S&P

500

Index

Fund

57,857‌

17,894‌

8,007‌

84,111‌

MidCap

S&P

400

Index

Fund

6,545‌

8,491‌

1,105‌

16,820‌

Origin

Emerging

Markets

Fund

2,502‌

2,740‌

157‌

5,428‌

Real

Estate

Securities

Fund

2,525‌

878‌

278‌

4,211‌

SmallCap

S&P

600

Index

Fund

4,957‌

1,835‌

757‌

8,636‌

$

119,999‌

$

49,173‌

$

14,373‌

$

185,886‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Bond

Market

Index

Fund

$

825‌

$

(

44‌

)

$

890‌

$

(

1,582‌

)

Diversified

International

Fund

414‌

11‌

—‌

8,043‌

High

Income

Fund

118‌

(

4‌

)

—‌

123‌

International

Small

Company

Fund

58‌

(

35‌

)

—‌

1,289‌

LargeCap

S&P

500

Index

Fund

1,612‌

308‌

2,961‌

16,059‌

MidCap

S&P

400

Index

Fund

203‌

(

22‌

)

664‌

2,911‌

Origin

Emerging

Markets

Fund

28‌

1‌

—‌

342‌

Real

Estate

Securities

Fund

51‌

(

5‌

)

10‌

1,091‌

SmallCap

S&P

600

Index

Fund

109‌

3‌

39‌

2,598‌

$

3,418‌

$

213‌

$

4,564‌

$

30,874‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

Hybrid

2055

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

192

INVESTMENT

COMPANIES

-

100

.02

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

46

.85

%

Diversified

International

Fund

(a)

1,341,759‌

$

21,575‌

International

Small

Company

Fund

(a)

208,173‌

2,762‌

MidCap

S&P

400

Index

Fund

(a)

336,579‌

8,462‌

Origin

Emerging

Markets

Fund

(a)

190,204‌

2,672‌

Real

Estate

Securities

Fund

(a)

62,257‌

2,043‌

SmallCap

S&P

600

Index

Fund

(a)

131,163‌

4,251‌

$

41,765‌

Principal

Funds,

Inc.

Institutional

Class

-

53

.17

%

Bond

Market

Index

Fund

(a)

445,105‌

4,514‌

High

Income

Fund

(a)

139,006‌

1,312‌

LargeCap

S&P

500

Index

Fund

(a)

1,636,448‌

41,582‌

$

47,408‌

TOTAL

INVESTMENT

COMPANIES

$

89,173‌

Total

Investments

$

89,173‌

Other

Assets

and

Liabilities

-  (0.02)%

(

19‌

)

TOTAL

NET

ASSETS

-

100.00%

$

89,154‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Domestic

Equity

Funds

63

.19‌

%

Fixed

Income

Funds

30

.73‌

%

International

Equity

Funds

6

.10‌

%

Other

Assets

and

Liabilities

(

0

.02‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Bond

Market

Index

Fund

$

2,981‌

$

2,204‌

$

183‌

$

4,514‌

Diversified

International

Fund

13,195‌

5,460‌

786‌

21,575‌

High

Income

Fund

898‌

486‌

118‌

1,312‌

International

Small

Company

Fund

1,960‌

699‌

480‌

2,762‌

LargeCap

S&P

500

Index

Fund

25,537‌

11,238‌

2,841‌

41,582‌

MidCap

S&P

400

Index

Fund

3,393‌

4,086‌

468‌

8,462‌

Origin

Emerging

Markets

Fund

1,169‌

1,422‌

70‌

2,672‌

Real

Estate

Securities

Fund

1,109‌

555‌

122‌

2,043‌

SmallCap

S&P

600

Index

Fund

2,225‌

1,143‌

305‌

4,251‌

$

52,467‌

$

27,293‌

$

5,373‌

$

89,173‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Bond

Market

Index

Fund

$

251‌

$

(

19‌

)

$

271‌

$

(

469‌

)

Diversified

International

Fund

190‌

4‌

—‌

3,702‌

High

Income

Fund

43‌

(

2‌

)

—‌

48‌

International

Small

Company

Fund

27‌

(

10‌

)

—‌

593‌

LargeCap

S&P

500

Index

Fund

731‌

44‌

1,342‌

7,604‌

MidCap

S&P

400

Index

Fund

92‌

(

14‌

)

303‌

1,465‌

Origin

Emerging

Markets

Fund

13‌

1‌

—‌

150‌

Real

Estate

Securities

Fund

24‌

(

4‌

)

4‌

505‌

SmallCap

S&P

600

Index

Fund

50‌

—‌

18‌

1,188‌

$

1,421‌

$

—‌

$

1,938‌

$

14,786‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

Hybrid

2060

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

193

INVESTMENT

COMPANIES

-

100

.05

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

48

.07

%

Diversified

International

Fund

(a)

523,774‌

$

8,422‌

International

Small

Company

Fund

(a)

81,525‌

1,082‌

MidCap

S&P

400

Index

Fund

(a)

132,821‌

3,339‌

Origin

Emerging

Markets

Fund

(a)

73,168‌

1,028‌

Real

Estate

Securities

Fund

(a)

24,323‌

798‌

SmallCap

S&P

600

Index

Fund

(a)

50,574‌

1,639‌

$

16,308‌

Principal

Funds,

Inc.

Institutional

Class

-

51

.98

%

Bond

Market

Index

Fund

(a)

127,386‌

1,292‌

High

Income

Fund

(a)

44,506‌

420‌

LargeCap

S&P

500

Index

Fund

(a)

626,566‌

15,921‌

$

17,633‌

TOTAL

INVESTMENT

COMPANIES

$

33,941‌

Total

Investments

$

33,941‌

Other

Assets

and

Liabilities

-  (0.05)%

(

16‌

)

TOTAL

NET

ASSETS

-

100.00%

$

33,925‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Domestic

Equity

Funds

63

.95‌

%

Fixed

Income

Funds

29

.88‌

%

International

Equity

Funds

6

.22‌

%

Other

Assets

and

Liabilities

(

0

.05‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Bond

Market

Index

Fund

$

706‌

$

789‌

$

89‌

$

1,292‌

Diversified

International

Fund

4,578‌

2,971‌

425‌

8,422‌

High

Income

Fund

250‌

216‌

59‌

420‌

International

Small

Company

Fund

664‌

378‌

164‌

1,082‌

LargeCap

S&P

500

Index

Fund

8,768‌

5,634‌

1,244‌

15,921‌

MidCap

S&P

400

Index

Fund

1,222‌

1,838‌

248‌

3,339‌

Origin

Emerging

Markets

Fund

431‌

591‌

42‌

1,028‌

Real

Estate

Securities

Fund

378‌

293‌

57‌

798‌

SmallCap

S&P

600

Index

Fund

776‌

588‌

142‌

1,639‌

$

17,773‌

$

13,298‌

$

2,470‌

$

33,941‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Bond

Market

Index

Fund

$

60‌

$

(

6‌

)

$

65‌

$

(

108‌

)

Diversified

International

Fund

66‌

1‌

—‌

1,297‌

High

Income

Fund

13‌

(

1‌

)

—‌

14‌

International

Small

Company

Fund

9‌

(

3‌

)

—‌

207‌

LargeCap

S&P

500

Index

Fund

253‌

12‌

465‌

2,751‌

MidCap

S&P

400

Index

Fund

32‌

(

6‌

)

105‌

533‌

Origin

Emerging

Markets

Fund

4‌

—‌

—‌

48‌

Real

Estate

Securities

Fund

9‌

(

1‌

)

1‌

185‌

SmallCap

S&P

600

Index

Fund

17‌

1‌

6‌

416‌

$

463‌

$

(

3‌

)

$

642‌

$

5,343‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

Hybrid

2065

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

194

INVESTMENT

COMPANIES

-

100

.18

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

48

.60

%

Diversified

International

Fund

(a)

131,765‌

$

2,119‌

International

Small

Company

Fund

(a)

20,319‌

270‌

MidCap

S&P

400

Index

Fund

(a)

33,186‌

834‌

Origin

Emerging

Markets

Fund

(a)

18,118‌

254‌

Real

Estate

Securities

Fund

(a)

6,208‌

204‌

SmallCap

S&P

600

Index

Fund

(a)

12,541‌

406‌

$

4,087‌

Principal

Funds,

Inc.

Institutional

Class

-

51

.58

%

Bond

Market

Index

Fund

(a)

27,927‌

283‌

High

Income

Fund

(a)

9,957‌

94‌

LargeCap

S&P

500

Index

Fund

(a)

155,820‌

3,960‌

$

4,337‌

TOTAL

INVESTMENT

COMPANIES

$

8,424‌

Total

Investments

$

8,424‌

Other

Assets

and

Liabilities

-  (0.18)%

(

15‌

)

TOTAL

NET

ASSETS

-

100.00%

$

8,409‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Domestic

Equity

Funds

64

.26‌

%

Fixed

Income

Funds

29

.69‌

%

International

Equity

Funds

6

.23‌

%

Other

Assets

and

Liabilities

(

0

.18‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Bond

Market

Index

Fund

$

90‌

$

301‌

$

83‌

$

283‌

Diversified

International

Fund

773‌

1,413‌

329‌

2,119‌

High

Income

Fund

31‌

92‌

32‌

94‌

International

Small

Company

Fund

111‌

184‌

67‌

270‌

LargeCap

S&P

500

Index

Fund

1,489‌

2,514‌

624‌

3,960‌

MidCap

S&P

400

Index

Fund

204‌

717‌

198‌

834‌

Origin

Emerging

Markets

Fund

75‌

206‌

38‌

254‌

Real

Estate

Securities

Fund

65‌

136‌

39‌

204‌

SmallCap

S&P

600

Index

Fund

133‌

263‌

76‌

406‌

$

2,971‌

$

5,826‌

$

1,486‌

$

8,424‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Bond

Market

Index

Fund

$

14‌

$

(

1‌

)

$

15‌

$

(

24‌

)

Diversified

International

Fund

16‌

2‌

—‌

260‌

High

Income

Fund

3‌

—‌

—‌

3‌

International

Small

Company

Fund

2‌

—‌

—‌

42‌

LargeCap

S&P

500

Index

Fund

59‌

—‌

108‌

581‌

MidCap

S&P

400

Index

Fund

8‌

1‌

26‌

110‌

Origin

Emerging

Markets

Fund

1‌

1‌

—‌

10‌

Real

Estate

Securities

Fund

2‌

—‌

—‌

42‌

SmallCap

S&P

600

Index

Fund

4‌

—‌

2‌

86‌

$

109‌

$

3‌

$

151‌

$

1,110‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

Hybrid

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

195

INVESTMENT

COMPANIES

-

100

.02

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

14

.67

%

Diversified

International

Fund

(a)

344,382‌

$

5,538‌

Diversified

Real

Asset

Fund

(a)

142,401‌

1,914‌

International

Small

Company

Fund

(a)

52,998‌

703‌

MidCap

S&P

400

Index

Fund

(a)

85,924‌

2,160‌

Origin

Emerging

Markets

Fund

(a)

49,197‌

691‌

SmallCap

S&P

600

Index

Fund

(a)

34,356‌

1,114‌

$

12,120‌

Principal

Funds,

Inc.

Institutional

Class

-

85

.35

%

Bond

Market

Index

Fund

(a)

3,226,046‌

32,712‌

High

Income

Fund

(a)

660,700‌

6,237‌

Inflation

Protection

Fund

(a)

393,480‌

3,868‌

LargeCap

S&P

500

Index

Fund

(a)

410,777‌

10,438‌

Short-Term

Income

Fund

(a)

1,389,776‌

17,247‌

$

70,502‌

TOTAL

INVESTMENT

COMPANIES

$

82,622‌

Total

Investments

$

82,622‌

Other

Assets

and

Liabilities

-  (0.02)%

(

20‌

)

TOTAL

NET

ASSETS

-

100.00%

$

82,602‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Fixed

Income

Funds

79

.41‌

%

Domestic

Equity

Funds

16

.60‌

%

Specialty

Funds

2

.32‌

%

International

Equity

Funds

1

.69‌

%

Other

Assets

and

Liabilities

(

0

.02‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Bond

Market

Index

Fund

$

26,615‌

$

14,602‌

$

4,168‌

$

32,712‌

Diversified

International

Fund

3,932‌

1,328‌

798‌

5,538‌

Diversified

Real

Asset

Fund

1,484‌

541‌

470‌

1,914‌

High

Income

Fund

4,611‌

2,136‌

748‌

6,237‌

Inflation

Protection

Fund

3,018‌

1,129‌

482‌

3,868‌

International

Small

Company

Fund

640‌

166‌

280‌

703‌

LargeCap

S&P

500

Index

Fund

7,869‌

2,653‌

2,219‌

10,438‌

MidCap

S&P

400

Index

Fund

1,281‌

857‌

454‌

2,160‌

Origin

Emerging

Markets

Fund

—‌

741‌

53‌

691‌

Short-Term

Income

Fund

14,272‌

5,198‌

2,073‌

17,247‌

SmallCap

S&P

600

Index

Fund

803‌

234‌

317‌

1,114‌

$

64,525‌

$

29,585‌

$

12,062‌

$

82,622‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Bond

Market

Index

Fund

$

2,190‌

$

(

91‌

)

$

2,364‌

$

(

4,246‌

)

Diversified

International

Fund

53‌

23‌

—‌

1,053‌

Diversified

Real

Asset

Fund

10‌

16‌

—‌

343‌

High

Income

Fund

223‌

(

5‌

)

—‌

243‌

Inflation

Protection

Fund

15‌

1‌

—‌

202‌

International

Small

Company

Fund

7‌

28‌

—‌

149‌

LargeCap

S&P

500

Index

Fund

231‌

48‌

424‌

2,087‌

MidCap

S&P

400

Index

Fund

29‌

(

1‌

)

95‌

477‌

Origin

Emerging

Markets

Fund

3‌

—‌

—‌

3‌

Short-Term

Income

Fund

218‌

(

2‌

)

23‌

(

148‌

)

SmallCap

S&P

600

Index

Fund

16‌

23‌

6‌

371‌

$

2,995‌

$

40‌

$

2,912‌

$

534‌

Amounts

in

thousands.

Schedule

of

Investments

Principal

LifeTime

Strategic

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

196

INVESTMENT

COMPANIES

-

100

.01

%

Shares

Held

Value

(000's)

Principal

Funds,

Inc.

Class

R-6

-

57

.37

%

Blue

Chip

Fund

(a)

324,564‌

$

13,697‌

Core

Fixed

Income

Fund

(a)

18,056,691‌

183,095‌

Diversified

International

Fund

(a)

1,139,863‌

18,329‌

Diversified

Real

Asset

Fund

(a)

677,822‌

9,110‌

International

Small

Company

Fund

(a)

305,746‌

4,057‌

LargeCap

Growth

Fund

I

(a)

535,105‌

12,928‌

MidCap

Fund

(a),(b)

148,506‌

6,321‌

MidCap

Value

Fund

I

(a)

336,164‌

6,249‌

Origin

Emerging

Markets

Fund

(a)

376,092‌

5,284‌

SmallCap

Growth

Fund

I

(a)

156,040‌

3,074‌

SmallCap

Value

Fund

II

(a)

236,378‌

3,262‌

$

265,406‌

Principal

Funds,

Inc.

Institutional

Class

-

42

.64

%

Equity

Income

Fund

(a)

302,842‌

12,304‌

High

Income

Fund

(a)

3,683,489‌

34,772‌

Inflation

Protection

Fund

(a)

2,248,691‌

22,105‌

LargeCap

S&P

500

Index

Fund

(a)

333,437‌

8,473‌

LargeCap

Value

Fund

III

(a)

615,745‌

12,401‌

Overseas

Fund

(a)

1,047,644‌

11,765‌

Short-Term

Income

Fund

(a)

7,693,312‌

95,474‌

$

197,294‌

TOTAL

INVESTMENT

COMPANIES

$

462,700‌

Total

Investments

$

462,700‌

Other

Assets

and

Liabilities

-  (0.01)%

(

42‌

)

TOTAL

NET

ASSETS

-

100.00%

$

462,658‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Fixed

Income

Funds

76

.47‌

%

Domestic

Equity

Funds

17

.01‌

%

International

Equity

Funds

4

.56‌

%

Specialty

Funds

1

.97‌

%

Other

Assets

and

Liabilities

(

0

.01‌

)

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

Principal

LifeTime

Strategic

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

197

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Blue

Chip

Fund

$

18,266‌

$

1,684‌

$

10,456‌

$

13,697‌

Bond

Market

Index

Fund

24,990‌

—‌

25,107‌

—‌

Core

Fixed

Income

Fund

158,963‌

53,595‌

28,304‌

183,095‌

Diversified

International

Fund

15,665‌

2,164‌

3,523‌

18,329‌

Diversified

Real

Asset

Fund

7,587‌

1,307‌

1,574‌

9,110‌

Equity

Income

Fund

13,343‌

4,461‌

8,940‌

12,304‌

High

Income

Fund

31,821‌

6,270‌

4,882‌

34,772‌

Inflation

Protection

Fund

20,784‌

3,263‌

3,148‌

22,105‌

International

Small

Company

Fund

4,302‌

468‌

1,815‌

4,057‌

LargeCap

Growth

Fund

I

—‌

12,282‌

974‌

12,928‌

LargeCap

S&P

500

Index

Fund

16,631‌

3,706‌

14,785‌

8,473‌

LargeCap

Value

Fund

III

—‌

11,748‌

975‌

12,401‌

MidCap

Fund

12,579‌

915‌

10,163‌

6,321‌

MidCap

Value

Fund

I

—‌

5,849‌

667‌

6,249‌

Origin

Emerging

Markets

Fund

—‌

5,535‌

461‌

5,284‌

Overseas

Fund

9,849‌

1,321‌

3,100‌

11,765‌

Short-Term

Income

Fund

94,573‌

16,296‌

14,494‌

95,474‌

SmallCap

Growth

Fund

I

3,234‌

484‌

1,529‌

3,074‌

SmallCap

Value

Fund

II

1,735‌

820‌

315‌

3,262‌

$

434,322‌

$

132,168‌

$

135,212‌

$

462,700‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Blue

Chip

Fund

$

101‌

$

4,702‌

$

514‌

$

(

499‌

)

Bond

Market

Index

Fund

—‌

2,241‌

—‌

(

2,124‌

)

Core

Fixed

Income

Fund

3,090‌

(

26‌

)

—‌

(

1,133‌

)

Diversified

International

Fund

194‌

(

130‌

)

—‌

4,153‌

Diversified

Real

Asset

Fund

48‌

22‌

—‌

1,768‌

Equity

Income

Fund

129‌

3,138‌

—‌

302‌

High

Income

Fund

1,346‌

(

37‌

)

—‌

1,600‌

Inflation

Protection

Fund

102‌

(

16‌

)

—‌

1,222‌

International

Small

Company

Fund

47‌

148‌

—‌

954‌

LargeCap

Growth

Fund

I

109‌

(

5‌

)

327‌

1,625‌

LargeCap

S&P

500

Index

Fund

472‌

5,855‌

867‌

(

2,934‌

)

LargeCap

Value

Fund

III

116‌

16‌

—‌

1,612‌

MidCap

Fund

—‌

5,046‌

144‌

(

2,056‌

)

MidCap

Value

Fund

I

39‌

15‌

—‌

1,052‌

Origin

Emerging

Markets

Fund

33‌

2‌

—‌

208‌

Overseas

Fund

204‌

310‌

—‌

3,385‌

Short-Term

Income

Fund

1,323‌

(

9‌

)

145‌

(

892‌

)

SmallCap

Growth

Fund

I

41‌

471‌

145‌

414‌

SmallCap

Value

Fund

II

17‌

11‌

—‌

1,011‌

$

7,411‌

$

21,754‌

$

2,142‌

$

9,668‌

Amounts

in

thousands.

Schedule

of

Investments

Real

Estate

Securities

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

198

INVESTMENT

COMPANIES

-

1

.84

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

1

.84

%

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c)

115,604,406‌

$

115,604‌

TOTAL

INVESTMENT

COMPANIES

$

115,604‌

COMMON

STOCKS

-

98

.28

%

Shares

Held

Value

(000's)

Entertainment

-

1

.32

%

Marriott

Vacations

Worldwide

Corp

(b)

564,780‌

$

83,232‌

Home

Builders

-

1

.00

%

DR

Horton

Inc

662,927‌

63,263‌

Lodging

-

1

.12

%

Choice

Hotels

International

Inc

154,690‌

18,547‌

Travel

+

Leisure

Co

999,752‌

51,787‌

$

70,334‌

REITs

-

94

.84

%

Agree

Realty

Corp

1,454,429‌

109,300‌

Alexandria

Real

Estate

Equities

Inc

1,127,178‌

226,946‌

American

Assets

Trust

Inc

1,548,878‌

57,200‌

American

Homes

4

Rent

5,900,193‌

247,808‌

American

Tower

Corp

708,722‌

200,427‌

Apartment

Income

REIT

Corp

2,535,845‌

133,487‌

Apple

Hospitality

REIT

Inc

3,652,544‌

54,606‌

AvalonBay

Communities

Inc

1,433,418‌

326,576‌

Brandywine

Realty

Trust

1,688,950‌

23,578‌

Broadstone

Net

Lease

Inc

3,658,537‌

95,195‌

CoreSite

Realty

Corp

566,643‌

78,316‌

Cousins

Properties

Inc

2,989,253‌

118,733‌

CubeSmart

2,088,194‌

103,700‌

CyrusOne

Inc

400,778‌

28,563‌

DiamondRock

Hospitality

Co

(b)

2,357,346‌

20,297‌

Digital

Realty

Trust

Inc

376,852‌

58,096‌

Equinix

Inc

517,887‌

424,880‌

Equity

LifeStyle

Properties

Inc

1,574,349‌

131,930‌

Essex

Property

Trust

Inc

848,638‌

278,438‌

Extra

Space

Storage

Inc

1,323,937‌

230,550‌

First

Industrial

Realty

Trust

Inc

2,411,694‌

132,113‌

Healthcare

Realty

Trust

Inc

1,312,844‌

41,853‌

Healthcare

Trust

of

America

Inc

5,472,649‌

156,463‌

Invitation

Homes

Inc

8,480,556‌

344,989‌

Kilroy

Realty

Corp

1,879,377‌

130,184‌

MGM

Growth

Properties

LLC

1,864,349‌

70,472‌

Park

Hotels

&

Resorts

Inc

(b)

2,111,689‌

39,066‌

Prologis

Inc

3,239,784‌

414,822‌

PS

Business

Parks

Inc

539,957‌

82,975‌

Public

Storage

238,136‌

74,413‌

Regency

Centers

Corp

1,599,202‌

104,604‌

Rexford

Industrial

Realty

Inc

1,651,358‌

101,592‌

Sabra

Health

Care

REIT

Inc

4,688,167‌

87,153‌

Saul

Centers

Inc

459,616‌

20,958‌

Simon

Property

Group

Inc

546,359‌

69,125‌

STORE

Capital

Corp

3,700,387‌

133,917‌

Sun

Communities

Inc

1,320,640‌

258,991‌

Terreno

Realty

Corp

1,531,156‌

104,670‌

Ventas

Inc

3,894,696‌

232,825‌

VICI

Properties

Inc

3,919,839‌

122,260‌

Welltower

Inc

2,805,594‌

243,694‌

Weyerhaeuser

Co

1,427,313‌

48,143‌

$

5,963,908‌

TOTAL

COMMON

STOCKS

$

6,180,737‌

Total

Investments

$

6,296,341‌

Other

Assets

and

Liabilities

-  (0.12)%

(

7,729‌

)

TOTAL

NET

ASSETS

-

100.00%

$

6,288,612‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

(c)

Current

yield

shown

is

as

of

period

end.

Portfolio

Summary  (unaudited)

Sector

Percent

Financial

94

.84‌

%

Consumer,

Cyclical

3

.44‌

%

Money

Market

Funds

1

.84‌

%

Other

Assets

and

Liabilities

(

0

.12‌

)

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

Real

Estate

Securities

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

199

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

4‌

$

791,283‌

$

675,683‌

$

115,604‌

$

4‌

$

791,283‌

$

675,683‌

$

115,604‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

Schedule

of

Investments

SAM

Balanced

Portfolio

July

31,

2021

(unaudited)

See

accompanying

notes.

200

INVESTMENT

COMPANIES

-

100

.05

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

0

.22

%

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c)

11,148,536‌

$

11,149‌

Principal

Exchange-Traded

Funds

-

20

.54

%

Principal

Investment

Grade

Corporate

Active

ETF

(a)

2,566,000‌

69,412‌

Principal

U.S.

Mega-Cap

ETF

(a)

13,023,257‌

532,521‌

Principal

U.S.

Small-Cap

Multi-Factor

ETF

(a)

9,574,700‌

436,415‌

$

1,038,348‌

Principal

Funds,

Inc.

Class

R-6

-

55

.71

%

Blue

Chip

Fund

(a)

13,105,859‌

553,067‌

Core

Fixed

Income

Fund

(a)

50,111,953‌

508,135‌

Diversified

International

Fund

(a)

9,626,466‌

154,794‌

Diversified

Real

Asset

Fund

(a)

19,353,906‌

260,116‌

Edge

MidCap

Fund

(a)

6,381,219‌

119,393‌

Global

Real

Estate

Securities

Fund

(a)

18,158,406‌

212,635‌

High

Yield

Fund

(a)

15,087,666‌

110,743‌

International

Small

Company

Fund

(a)

6,200,423‌

82,280‌

LargeCap

Growth

Fund

I

(a)

9,622,635‌

232,483‌

Origin

Emerging

Markets

Fund

(a)

25,606,528‌

359,772‌

Spectrum

Preferred

and

Capital

Securities

Income

Fund

(a)

21,055,880‌

222,139‌

$

2,815,557‌

Principal

Funds,

Inc.

Institutional

Class

-

23

.58

%

Equity

Income

Fund

(a)

10,128,689‌

411,529‌

Finisterre

Emerging

Markets

Total

Return

Bond

Fund

(a)

15,205,386‌

159,504‌

Government

&

High

Quality

Bond

Fund

(a)

12,612,498‌

132,179‌

LargeCap

Value

Fund

III

(a)

12,768,218‌

257,152‌

Overseas

Fund

(a)

4,302,187‌

48,313‌

Short-Term

Income

Fund

(a)

14,735,694‌

182,870‌

$

1,191,547‌

TOTAL

INVESTMENT

COMPANIES

$

5,056,601‌

Total

Investments

$

5,056,601‌

Other

Assets

and

Liabilities

-  (0.05)%

(

2,502‌

)

TOTAL

NET

ASSETS

-

100.00%

$

5,054,099‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

(c)

Current

yield

shown

is

as

of

period

end.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Domestic

Equity

Funds

50

.30‌

%

Fixed

Income

Funds

30

.46‌

%

International

Equity

Funds

13

.92‌

%

Specialty

Funds

5

.15‌

%

Money

Market

Funds

0

.22‌

%

Other

Assets

and

Liabilities

(

0

.05‌

)

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

SAM

Balanced

Portfolio

July

31,

2021

(unaudited)

See

accompanying

notes.

201

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Blue

Chip

Fund

$

414,471‌

$

58,199‌

$

62,012‌

$

553,067‌

Core

Fixed

Income

Fund

556,054‌

29,777‌

73,987‌

508,135‌

Diversified

International

Fund

373,492‌

10,358‌

322,718‌

154,794‌

Diversified

Real

Asset

Fund

62,729‌

189,323‌

15,953‌

260,116‌

Edge

MidCap

Fund

201,039‌

14,492‌

148,077‌

119,393‌

Equity

Income

Fund

613,815‌

11,083‌

392,593‌

411,529‌

Finisterre

Emerging

Markets

Total

Return

Bond

Fund

—‌

159,673‌

—‌

159,504‌

Global

Diversified

Income

Fund

43,480‌

1,000‌

47,970‌

—‌

Global

Real

Estate

Securities

Fund

152,320‌

12,588‌

6,838‌

212,635‌

Government

&

High

Quality

Bond

Fund

227,233‌

3,725‌

96,141‌

132,179‌

High

Yield

Fund

93,662‌

16,328‌

4,558‌

110,743‌

Inflation

Protection

Fund

71,661‌

807‌

72,960‌

—‌

International

Small

Company

Fund

52,191‌

24,953‌

11,395‌

82,280‌

LargeCap

Growth

Fund

I

—‌

205,670‌

—‌

232,483‌

LargeCap

Value

Fund

III

—‌

248,690‌

—‌

257,152‌

Origin

Emerging

Markets

Fund

148,996‌

194,235‌

4,557‌

359,772‌

Overseas

Fund

—‌

47,880‌

—‌

48,313‌

Principal

Active

Global

Dividend

Income

ETF

106,929‌

—‌

124,147‌

—‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

22,376‌

332,294‌

343,521‌

11,149‌

Principal

Investment

Grade

Corporate

Active

ETF

—‌

67,423‌

—‌

69,412‌

Principal

U.S.

Mega-Cap

ETF

420,004‌

14,364‌

30,187‌

532,521‌

Principal

U.S.

Small-Cap

Multi-Factor

ETF

175,839‌

144,019‌

—‌

436,415‌

Short-Term

Income

Fund

301,084‌

6,257‌

121,538‌

182,870‌

Spectrum

Preferred

and

Capital

Securities

Income

Fund

237,733‌

12,293‌

36,865‌

222,139‌

$

4,275,108‌

$

1,805,431‌

$

1,916,017‌

$

5,056,601‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Blue

Chip

Fund

$

2,439‌

$

6,957‌

$

12,467‌

$

135,452‌

Core

Fixed

Income

Fund

9,024‌

(

2,155‌

)

—‌

(

1,554‌

)

Diversified

International

Fund

5,067‌

118,113‌

—‌

(

24,451‌

)

Diversified

Real

Asset

Fund

373‌

916‌

—‌

23,101‌

Edge

MidCap

Fund

3,034‌

36,670‌

8,408‌

15,269‌

Equity

Income

Fund

7,694‌

186,500‌

—‌

(

7,276‌

)

Finisterre

Emerging

Markets

Total

Return

Bond

Fund

1,461‌

—‌

—‌

(

169‌

)

Global

Diversified

Income

Fund

848‌

3,891‌

—‌

(

401‌

)

Global

Real

Estate

Securities

Fund

1,404‌

169‌

—‌

54,396‌

Government

&

High

Quality

Bond

Fund

2,030‌

85‌

—‌

(

2,723‌

)

High

Yield

Fund

4,082‌

(

8‌

)

—‌

5,319‌

Inflation

Protection

Fund

352‌

6,143‌

—‌

(

5,651‌

)

International

Small

Company

Fund

754‌

1,110‌

—‌

15,421‌

LargeCap

Growth

Fund

I

—‌

—‌

—‌

26,813‌

LargeCap

Value

Fund

III

—‌

—‌

—‌

8,462‌

Origin

Emerging

Markets

Fund

1,373‌

106‌

—‌

20,992‌

Overseas

Fund

—‌

—‌

—‌

433‌

Principal

Active

Global

Dividend

Income

ETF

1,319‌

26,044‌

—‌

(

8,826‌

)

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

—‌

—‌

—‌

—‌

Principal

Investment

Grade

Corporate

Active

ETF

435‌

—‌

—‌

1,989‌

Principal

U.S.

Mega-Cap

ETF

6,042‌

5,892‌

—‌

122,448‌

Principal

U.S.

Small-Cap

Multi-Factor

ETF

3,051‌

—‌

—‌

116,557‌

Short-Term

Income

Fund

3,768‌

2,297‌

456‌

(

5,230‌

)

Spectrum

Preferred

and

Capital

Securities

Income

Fund

7,548‌

441‌

—‌

8,537‌

$

62,098‌

$

393,171‌

$

21,331‌

$

498,908‌

Amounts

in

thousands.

Schedule

of

Investments

SAM

Conservative

Balanced

Portfolio

July

31,

2021

(unaudited)

See

accompanying

notes.

202

INVESTMENT

COMPANIES

-

100

.05

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

0

.33

%

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c)

6,371,868‌

$

6,372‌

Principal

Exchange-Traded

Funds

-

15

.18

%

Principal

Investment

Grade

Corporate

Active

ETF

(a)

1,612,000‌

43,606‌

Principal

U.S.

Mega-Cap

ETF

(a)

3,398,648‌

138,971‌

Principal

U.S.

Small-Cap

Multi-Factor

ETF

(a)

2,383,700‌

108,649‌

$

291,226‌

Principal

Funds,

Inc.

Class

R-6

-

59

.31

%

Blue

Chip

Fund

(a)

3,531,097‌

149,012‌

Core

Fixed

Income

Fund

(a)

32,601,366‌

330,578‌

Diversified

International

Fund

(a)

1,699,537‌

27,329‌

Diversified

Real

Asset

Fund

(a)

7,345,558‌

98,724‌

Edge

MidCap

Fund

(a)

1,655,009‌

30,965‌

Global

Real

Estate

Securities

Fund

(a)

8,415,594‌

98,547‌

High

Yield

Fund

(a)

10,123,679‌

74,308‌

International

Small

Company

Fund

(a)

1,762,008‌

23,382‌

LargeCap

Growth

Fund

I

(a)

2,568,814‌

62,062‌

Origin

Emerging

Markets

Fund

(a)

6,537,042‌

91,845‌

Spectrum

Preferred

and

Capital

Securities

Income

Fund

(a)

14,357,716‌

151,474‌

$

1,138,226‌

Principal

Funds,

Inc.

Institutional

Class

-

25

.23

%

Equity

Income

Fund

(a)

2,488,602‌

101,112‌

Finisterre

Emerging

Markets

Total

Return

Bond

Fund

(a)

10,492,892‌

110,071‌

Government

&

High

Quality

Bond

Fund

(a)

8,611,380‌

90,247‌

LargeCap

Value

Fund

III

(a)

2,318,014‌

46,685‌

Overseas

Fund

(a)

1,215,792‌

13,653‌

Short-Term

Income

Fund

(a)

9,854,477‌

122,294‌

$

484,062‌

TOTAL

INVESTMENT

COMPANIES

$

1,919,886‌

Total

Investments

$

1,919,886‌

Other

Assets

and

Liabilities

-  (0.05)%

(

871‌

)

TOTAL

NET

ASSETS

-

100.00%

$

1,919,015‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

(c)

Current

yield

shown

is

as

of

period

end.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Fixed

Income

Funds

49

.51‌

%

Domestic

Equity

Funds

33

.21‌

%

International

Equity

Funds

11

.86‌

%

Specialty

Funds

5

.14‌

%

Money

Market

Funds

0

.33‌

%

Other

Assets

and

Liabilities

(

0

.05‌

)

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

SAM

Conservative

Balanced

Portfolio

July

31,

2021

(unaudited)

See

accompanying

notes.

203

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Blue

Chip

Fund

$

104,817‌

$

17,679‌

$

10,094‌

$

149,012‌

Core

Fixed

Income

Fund

329,074‌

28,971‌

25,688‌

330,578‌

Diversified

International

Fund

95,398‌

4,715‌

96,553‌

27,329‌

Diversified

Real

Asset

Fund

25,024‌

67,312‌

2,850‌

98,724‌

Edge

MidCap

Fund

49,707‌

5,383‌

37,085‌

30,965‌

Equity

Income

Fund

167,222‌

6,631‌

121,139‌

101,112‌

Finisterre

Emerging

Markets

Total

Return

Bond

Fund

—‌

110,228‌

—‌

110,071‌

Global

Diversified

Income

Fund

29,515‌

730‌

32,586‌

—‌

Global

Real

Estate

Securities

Fund

71,699‌

4,224‌

2,849‌

98,547‌

Government

&

High

Quality

Bond

Fund

139,212‌

5,353‌

52,680‌

90,247‌

High

Yield

Fund

58,580‌

14,485‌

2,137‌

74,308‌

Inflation

Protection

Fund

30,295‌

312‌

30,825‌

—‌

International

Small

Company

Fund

12,506‌

7,386‌

713‌

23,382‌

LargeCap

Growth

Fund

I

—‌

54,889‌

—‌

62,062‌

LargeCap

Value

Fund

III

—‌

45,190‌

200‌

46,685‌

Origin

Emerging

Markets

Fund

35,525‌

52,782‌

1,425‌

91,845‌

Overseas

Fund

—‌

13,530‌

—‌

13,653‌

Principal

Active

Global

Dividend

Income

ETF

28,407‌

—‌

32,931‌

—‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

10,474‌

106,038‌

110,140‌

6,372‌

Principal

Investment

Grade

Corporate

Active

ETF

—‌

42,356‌

—‌

43,606‌

Principal

U.S.

Mega-Cap

ETF

106,234‌

4,182‌

4,207‌

138,971‌

Principal

U.S.

Small-Cap

Multi-Factor

ETF

43,224‌

36,570‌

—‌

108,649‌

Short-Term

Income

Fund

184,064‌

9,257‌

69,193‌

122,294‌

Spectrum

Preferred

and

Capital

Securities

Income

Fund

138,462‌

11,772‌

4,275‌

151,474‌

$

1,659,439‌

$

649,975‌

$

637,570‌

$

1,919,886‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Blue

Chip

Fund

$

629‌

$

550‌

$

3,214‌

$

36,060‌

Core

Fixed

Income

Fund

5,573‌

(

703‌

)

—‌

(

1,076‌

)

Diversified

International

Fund

1,301‌

35,049‌

—‌

(

11,280‌

)

Diversified

Real

Asset

Fund

153‌

159‌

—‌

9,079‌

Edge

MidCap

Fund

753‌

10,224‌

2,086‌

2,736‌

Equity

Income

Fund

2,052‌

44,733‌

—‌

3,665‌

Finisterre

Emerging

Markets

Total

Return

Bond

Fund

1,005‌

—‌

—‌

(

157‌

)

Global

Diversified

Income

Fund

562‌

898‌

—‌

1,443‌

Global

Real

Estate

Securities

Fund

663‌

3‌

—‌

25,470‌

Government

&

High

Quality

Bond

Fund

1,282‌

(

445‌

)

—‌

(

1,193‌

)

High

Yield

Fund

2,588‌

(

6‌

)

—‌

3,386‌

Inflation

Protection

Fund

144‌

2,890‌

—‌

(

2,672‌

)

International

Small

Company

Fund

187‌

24‌

—‌

4,179‌

LargeCap

Growth

Fund

I

—‌

—‌

—‌

7,173‌

LargeCap

Value

Fund

III

—‌

—‌

—‌

1,695‌

Origin

Emerging

Markets

Fund

328‌

14‌

—‌

4,949‌

Overseas

Fund

—‌

—‌

—‌

123‌

Principal

Active

Global

Dividend

Income

ETF

307‌

6,935‌

—‌

(

2,411‌

)

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

—‌

—‌

—‌

—‌

Principal

Investment

Grade

Corporate

Active

ETF

273‌

—‌

—‌

1,250‌

Principal

U.S.

Mega-Cap

ETF

1,550‌

375‌

—‌

32,387‌

Principal

U.S.

Small-Cap

Multi-Factor

ETF

758‌

—‌

—‌

28,855‌

Short-Term

Income

Fund

2,361‌

1,158‌

282‌

(

2,992‌

)

Spectrum

Preferred

and

Capital

Securities

Income

Fund

4,714‌

(

6‌

)

—‌

5,521‌

$

27,183‌

$

101,852‌

$

5,582‌

$

146,190‌

Amounts

in

thousands.

Schedule

of

Investments

SAM

Conservative

Growth

Portfolio

July

31,

2021

(unaudited)

See

accompanying

notes.

204

INVESTMENT

COMPANIES

-

100

.05

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

0

.26

%

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c)

9,045,184‌

$

9,045‌

Principal

Exchange-Traded

Funds

-

25

.97

%

Principal

Investment

Grade

Corporate

Active

ETF

(a)

586,000‌

15,852‌

Principal

U.S.

Mega-Cap

ETF

(a)

12,067,445‌

493,438‌

Principal

U.S.

Small-Cap

Multi-Factor

ETF

(a)

8,775,800‌

400,001‌

$

909,291‌

Principal

Funds,

Inc.

Class

R-6

-

52

.59

%

Blue

Chip

Fund

(a)

12,148,969‌

512,687‌

Core

Fixed

Income

Fund

(a)

9,952,645‌

100,920‌

Diversified

International

Fund

(a)

8,935,094‌

143,676‌

Diversified

Real

Asset

Fund

(a)

13,321,229‌

179,037‌

Edge

MidCap

Fund

(a)

6,289,169‌

117,670‌

Global

Real

Estate

Securities

Fund

(a)

10,812,982‌

126,620‌

High

Yield

Fund

(a)

2,344,953‌

17,212‌

International

Small

Company

Fund

(a)

5,389,045‌

71,513‌

LargeCap

Growth

Fund

I

(a)

8,465,956‌

204,538‌

Origin

Emerging

Markets

Fund

(a)

23,201,486‌

325,981‌

Spectrum

Preferred

and

Capital

Securities

Income

Fund

(a)

3,977,674‌

41,964‌

$

1,841,818‌

Principal

Funds,

Inc.

Institutional

Class

-

21

.23

%

Equity

Income

Fund

(a)

9,731,481‌

395,390‌

Finisterre

Emerging

Markets

Total

Return

Bond

Fund

(a)

3,228,171‌

33,863‌

Government

&

High

Quality

Bond

Fund

(a)

2,365,093‌

24,786‌

LargeCap

Value

Fund

III

(a)

10,760,309‌

216,713‌

Overseas

Fund

(a)

4,425,346‌

49,697‌

Short-Term

Income

Fund

(a)

1,860,040‌

23,083‌

$

743,532‌

TOTAL

INVESTMENT

COMPANIES

$

3,503,686‌

Total

Investments

$

3,503,686‌

Other

Assets

and

Liabilities

-  (0.05)%

(

1,686‌

)

TOTAL

NET

ASSETS

-

100.00%

$

3,502,000‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

(c)

Current

yield

shown

is

as

of

period

end.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Domestic

Equity

Funds

66

.83‌

%

International

Equity

Funds

16

.39‌

%

Fixed

Income

Funds

11

.46‌

%

Specialty

Funds

5

.11‌

%

Money

Market

Funds

0

.26‌

%

Other

Assets

and

Liabilities

(

0

.05‌

)

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

SAM

Conservative

Growth

Portfolio

July

31,

2021

(unaudited)

See

accompanying

notes.

205

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Blue

Chip

Fund

$

362,772‌

$

63,667‌

$

41,670‌

$

512,687‌

Core

Fixed

Income

Fund

155,836‌

10,092‌

63,110‌

100,920‌

Diversified

International

Fund

353,028‌

11,837‌

309,280‌

143,676‌

Diversified

Real

Asset

Fund

47,588‌

127,589‌

13,281‌

179,037‌

Edge

MidCap

Fund

190,070‌

14,814‌

136,311‌

117,670‌

Equity

Income

Fund

521,464‌

10,323‌

290,322‌

395,390‌

Finisterre

Emerging

Markets

Total

Return

Bond

Fund

—‌

33,899‌

—‌

33,863‌

Global

Real

Estate

Securities

Fund

82,609‌

18,482‌

4,980‌

126,620‌

Government

&

High

Quality

Bond

Fund

64,382‌

932‌

39,791‌

24,786‌

High

Yield

Fund

28,216‌

2,565‌

14,950‌

17,212‌

Inflation

Protection

Fund

48,332‌

239‌

48,899‌

—‌

International

Small

Company

Fund

47,315‌

22,806‌

13,280‌

71,513‌

LargeCap

Growth

Fund

I

—‌

180,900‌

—‌

204,538‌

LargeCap

Value

Fund

III

—‌

209,520‌

—‌

216,713‌

Origin

Emerging

Markets

Fund

126,012‌

187,676‌

4,981‌

325,981‌

Overseas

Fund

—‌

49,250‌

—‌

49,697‌

Principal

Active

Global

Dividend

Income

ETF

96,150‌

—‌

111,560‌

—‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

18,862‌

257,119‌

266,936‌

9,045‌

Principal

Investment

Grade

Corporate

Active

ETF

—‌

15,398‌

—‌

15,852‌

Principal

U.S.

Mega-Cap

ETF

370,383‌

14,875‌

6,602‌

493,438‌

Principal

U.S.

Small-Cap

Multi-Factor

ETF

158,656‌

136,364‌

—‌

400,001‌

Short-Term

Income

Fund

86,525‌

1,489‌

64,100‌

23,083‌

Spectrum

Preferred

and

Capital

Securities

Income

Fund

70,087‌

2,486‌

32,910‌

41,964‌

$

2,828,287‌

$

1,372,322‌

$

1,462,963‌

$

3,503,686‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Blue

Chip

Fund

$

2,213‌

$

3,819‌

$

11,311‌

$

124,099‌

Core

Fixed

Income

Fund

2,210‌

515‌

—‌

(

2,413‌

)

Diversified

International

Fund

4,755‌

105,333‌

—‌

(

17,242‌

)

Diversified

Real

Asset

Fund

277‌

716‌

—‌

16,425‌

Edge

MidCap

Fund

2,857‌

31,209‌

7,920‌

17,888‌

Equity

Income

Fund

6,690‌

58,214‌

—‌

95,711‌

Finisterre

Emerging

Markets

Total

Return

Bond

Fund

310‌

—‌

—‌

(

36‌

)

Global

Real

Estate

Securities

Fund

756‌

46‌

—‌

30,463‌

Government

&

High

Quality

Bond

Fund

528‌

326‌

—‌

(

1,063‌

)

High

Yield

Fund

955‌

400‌

—‌

981‌

Inflation

Protection

Fund

238‌

44‌

—‌

284‌

International

Small

Company

Fund

664‌

1,329‌

—‌

13,343‌

LargeCap

Growth

Fund

I

—‌

—‌

—‌

23,638‌

LargeCap

Value

Fund

III

—‌

—‌

—‌

7,193‌

Origin

Emerging

Markets

Fund

1,152‌

101‌

—‌

17,173‌

Overseas

Fund

—‌

—‌

—‌

447‌

Principal

Active

Global

Dividend

Income

ETF

1,076‌

23,519‌

—‌

(

8,109‌

)

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

—‌

—‌

—‌

—‌

Principal

Investment

Grade

Corporate

Active

ETF

99‌

—‌

—‌

454‌

Principal

U.S.

Mega-Cap

ETF

5,446‌

581‌

—‌

114,201‌

Principal

U.S.

Small-Cap

Multi-Factor

ETF

2,759‌

—‌

—‌

104,981‌

Short-Term

Income

Fund

958‌

1,461‌

127‌

(

2,292‌

)

Spectrum

Preferred

and

Capital

Securities

Income

Fund

1,881‌

641‌

—‌

1,660‌

$

35,824‌

$

228,254‌

$

19,358‌

$

537,786‌

Amounts

in

thousands.

Schedule

of

Investments

SAM

Flexible

Income

Portfolio

July

31,

2021

(unaudited)

See

accompanying

notes.

206

INVESTMENT

COMPANIES

-

100

.05

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

0

.40

%

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c)

12,102,362‌

$

12,102‌

Principal

Exchange-Traded

Funds

-

23

.52

%

Principal

Active

Income

ETF

(a)

4,459,042‌

187,034‌

Principal

Investment

Grade

Corporate

Active

ETF

(a)

11,330,702‌

306,505‌

Principal

U.S.

Mega-Cap

ETF

(a)

3,160,095‌

129,216‌

Principal

U.S.

Small-Cap

Multi-Factor

ETF

(a)

1,908,000‌

86,967‌

$

709,722‌

Principal

Funds,

Inc.

Class

R-6

-

50

.83

%

Blue

Chip

Fund

(a)

3,957,640‌

167,013‌

Core

Fixed

Income

Fund

(a)

50,575,930‌

512,840‌

Diversified

International

Fund

(a)

4,805,314‌

77,270‌

Diversified

Real

Asset

Fund

(a)

15,450,603‌

207,656‌

Global

Real

Estate

Securities

Fund

(a)

16,964,059‌

198,649‌

High

Yield

Fund

(a)

5,928,918‌

43,518‌

Origin

Emerging

Markets

Fund

(a)

3,049,493‌

42,845‌

Small-MidCap

Dividend

Income

Fund

(a)

1,666,706‌

28,351‌

Spectrum

Preferred

and

Capital

Securities

Income

Fund

(a)

24,270,341‌

256,052‌

$

1,534,194‌

Principal

Funds,

Inc.

Institutional

Class

-

25

.30

%

Equity

Income

Fund

(a)

2,053,304‌

83,426‌

Finisterre

Emerging

Markets

Total

Return

Bond

Fund

(a)

9,025,869‌

94,681‌

Government

&

High

Quality

Bond

Fund

(a)

28,397,008‌

297,601‌

LargeCap

Value

Fund

III

(a)

2,542,291‌

51,202‌

Short-Term

Income

Fund

(a)

19,078,992‌

236,770‌

$

763,680‌

TOTAL

INVESTMENT

COMPANIES

$

3,019,698‌

Total

Investments

$

3,019,698‌

Other

Assets

and

Liabilities

-  (0.05)%

(

1,408‌

)

TOTAL

NET

ASSETS

-

100.00%

$

3,018,290‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

(c)

Current

yield

shown

is

as

of

period

end.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Fixed

Income

Funds

66

.67‌

%

Domestic

Equity

Funds

18

.10‌

%

International

Equity

Funds

8

.00‌

%

Specialty

Funds

6

.88‌

%

Money

Market

Funds

0

.40‌

%

Other

Assets

and

Liabilities

(

0

.05‌

)

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

SAM

Flexible

Income

Portfolio

July

31,

2021

(unaudited)

See

accompanying

notes.

207

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Blue

Chip

Fund

$

100,959‌

$

32,666‌

$

3,644‌

$

167,013‌

Core

Fixed

Income

Fund

295,254‌

241,644‌

26,436‌

512,840‌

Diversified

International

Fund

124,327‌

10,949‌

90,063‌

77,270‌

Diversified

Real

Asset

Fund

—‌

197,220‌

—‌

207,656‌

Edge

MidCap

Fund

34,712‌

2,625‌

45,316‌

—‌

Equity

Income

Fund

200,273‌

10,535‌

183,820‌

83,426‌

Finisterre

Emerging

Markets

Total

Return

Bond

Fund

—‌

94,803‌

—‌

94,681‌

Global

Real

Estate

Securities

Fund

83,084‌

82,989‌

4,555‌

198,649‌

Government

&

High

Quality

Bond

Fund

391,437‌

19,191‌

108,284‌

297,601‌

High

Yield

Fund

82,060‌

5,808‌

48,230‌

43,518‌

Inflation

Protection

Fund

171,578‌

7,654‌

180,382‌

—‌

LargeCap

Value

Fund

III

—‌

49,330‌

—‌

51,202‌

Origin

Emerging

Markets

Fund

—‌

43,540‌

—‌

42,845‌

Principal

Active

Income

ETF

175,316‌

—‌

9,391‌

187,034‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

20,067‌

81,032‌

88,997‌

12,102‌

Principal

Investment

Grade

Corporate

Active

ETF

295,315‌

8,909‌

—‌

306,505‌

Principal

U.S.

Mega-Cap

ETF

93,019‌

6,794‌

—‌

129,216‌

Principal

U.S.

Small-Cap

Multi-Factor

ETF

43,346‌

15,269‌

—‌

86,967‌

Short-Term

Income

Fund

349,363‌

19,426‌

128,492‌

236,770‌

Small-MidCap

Dividend

Income

Fund

—‌

27,378‌

1,148‌

28,351‌

Spectrum

Preferred

and

Capital

Securities

Income

Fund

218,304‌

35,232‌

6,377‌

256,052‌

$

2,678,414‌

$

992,994‌

$

925,135‌

$

3,019,698‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Blue

Chip

Fund

$

599‌

$

(

29‌

)

$

3,062‌

$

37,061‌

Core

Fixed

Income

Fund

6,636‌

(

178‌

)

—‌

2,556‌

Diversified

International

Fund

1,717‌

16,139‌

—‌

15,918‌

Diversified

Real

Asset

Fund

—‌

—‌

—‌

10,436‌

Edge

MidCap

Fund

512‌

11,181‌

1,420‌

(

3,202‌

)

Equity

Income

Fund

2,330‌

81,959‌

—‌

(

25,521‌

)

Finisterre

Emerging

Markets

Total

Return

Bond

Fund

868‌

—‌

—‌

(

122‌

)

Global

Real

Estate

Securities

Fund

770‌

1‌

—‌

37,130‌

Government

&

High

Quality

Bond

Fund

3,805‌

(

2,169‌

)

—‌

(

2,574‌

)

High

Yield

Fund

2,547‌

970‌

—‌

2,910‌

Inflation

Protection

Fund

851‌

14,456‌

—‌

(

13,306‌

)

LargeCap

Value

Fund

III

—‌

—‌

—‌

1,872‌

Origin

Emerging

Markets

Fund

—‌

—‌

—‌

(

695‌

)

Principal

Active

Income

ETF

5,188‌

(

22‌

)

—‌

21,131‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

—‌

—‌

—‌

—‌

Principal

Investment

Grade

Corporate

Active

ETF

7,700‌

—‌

3,414‌

2,281‌

Principal

U.S.

Mega-Cap

ETF

1,414‌

—‌

—‌

29,403‌

Principal

U.S.

Small-Cap

Multi-Factor

ETF

702‌

—‌

—‌

28,352‌

Short-Term

Income

Fund

4,528‌

1,418‌

539‌

(

4,945‌

)

Small-MidCap

Dividend

Income

Fund

34‌

3‌

—‌

2,118‌

Spectrum

Preferred

and

Capital

Securities

Income

Fund

7,746‌

(

26‌

)

—‌

8,919‌

$

47,947‌

$

123,703‌

$

8,435‌

$

149,722‌

Amounts

in

thousands.

Schedule

of

Investments

SAM

Strategic

Growth

Portfolio

July

31,

2021

(unaudited)

See

accompanying

notes.

208

INVESTMENT

COMPANIES

-

100

.05

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

0

.25

%

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c)

5,775,125‌

$

5,775‌

Principal

Exchange-Traded

Funds

-

24

.65

%

Principal

U.S.

Mega-Cap

ETF

(a)

6,647,800‌

271,828‌

Principal

U.S.

Small-Cap

Multi-Factor

ETF

(a)

6,409,500‌

292,145‌

$

563,973‌

Principal

Funds,

Inc.

Class

R-6

-

52

.67

%

Blue

Chip

Fund

(a)

8,273,896‌

349,158‌

Diversified

International

Fund

(a)

8,677,203‌

139,529‌

Diversified

Real

Asset

Fund

(a)

8,783,324‌

118,048‌

Edge

MidCap

Fund

(a)

4,187,514‌

78,348‌

Global

Real

Estate

Securities

Fund

(a)

1,840,707‌

21,555‌

International

Small

Company

Fund

(a)

4,259,960‌

56,530‌

LargeCap

Growth

Fund

I

(a)

12,062,991‌

291,442‌

Origin

Emerging

Markets

Fund

(a)

10,718,838‌

150,600‌

$

1,205,210‌

Principal

Funds,

Inc.

Institutional

Class

-

22

.48

%

Equity

Income

Fund

(a)

6,561,848‌

266,608‌

LargeCap

Value

Fund

III

(a)

8,027,920‌

161,682‌

Overseas

Fund

(a)

7,680,290‌

86,250‌

$

514,540‌

TOTAL

INVESTMENT

COMPANIES

$

2,289,498‌

Total

Investments

$

2,289,498‌

Other

Assets

and

Liabilities

-  (0.05)%

(

1,211‌

)

TOTAL

NET

ASSETS

-

100.00%

$

2,288,287‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

(c)

Current

yield

shown

is

as

of

period

end.

Portfolio

Summary  (unaudited)

Fund

Type

Percent

Domestic

Equity

Funds

74

.78‌

%

International

Equity

Funds

13

.76‌

%

Fixed

Income

Funds

6

.10‌

%

Specialty

Funds

5

.16‌

%

Money

Market

Funds

0

.25‌

%

Other

Assets

and

Liabilities

(

0

.05‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Blue

Chip

Fund

$

253,140‌

$

26,170‌

$

15,667‌

$

349,158‌

Diversified

International

Fund

335,567‌

6,894‌

285,010‌

139,529‌

Diversified

Real

Asset

Fund

—‌

111,950‌

—‌

118,048‌

Edge

MidCap

Fund

141,995‌

10,288‌

110,346‌

78,348‌

Equity

Income

Fund

325,401‌

6,044‌

159,904‌

266,608‌

Global

Real

Estate

Securities

Fund

16,734‌

5,881‌

6,620‌

21,555‌

International

Small

Company

Fund

34,374‌

21,083‌

9,931‌

56,530‌

LargeCap

Growth

Fund

I

153,958‌

91,502‌

5,519‌

291,442‌

LargeCap

Value

Fund

III

84,019‌

55,745‌

8,847‌

161,682‌

Origin

Emerging

Markets

Fund

93,890‌

47,586‌

4,413‌

150,600‌

Overseas

Fund

—‌

85,501‌

—‌

86,250‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

6,165‌

110,038‌

110,428‌

5,775‌

Principal

U.S.

Mega-Cap

ETF

208,409‌

—‌

2‌

271,828‌

Principal

U.S.

Small-Cap

Multi-Factor

ETF

126,541‌

86,793‌

—‌

292,145‌

$

1,780,193‌

$

665,475‌

$

716,687‌

$

2,289,498‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Blue

Chip

Fund

$

1,482‌

$

1,159‌

$

7,575‌

$

84,356‌

Diversified

International

Fund

4,530‌

70,323‌

—‌

11,755‌

Diversified

Real

Asset

Fund

—‌

—‌

—‌

6,098‌

Edge

MidCap

Fund

2,138‌

23,391‌

5,925‌

13,020‌

Equity

Income

Fund

4,237‌

25,482‌

—‌

69,585‌

Global

Real

Estate

Securities

Fund

141‌

1,236‌

—‌

4,324‌

International

Small

Company

Fund

484‌

946‌

—‌

10,058‌

LargeCap

Growth

Fund

I

2,874‌

70‌

8,624‌

51,431‌

LargeCap

Value

Fund

III

1,501‌

82‌

—‌

30,683‌

Origin

Emerging

Markets

Fund

738‌

300‌

—‌

13,237‌

Overseas

Fund

—‌

—‌

—‌

749‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

—‌

—‌

—‌

—‌

Principal

U.S.

Mega-Cap

ETF

2,974‌

—‌

—‌

63,421‌

Principal

U.S.

Small-Cap

Multi-Factor

ETF

2,020‌

—‌

—‌

78,811‌

$

23,119‌

$

122,989‌

$

22,124‌

$

437,528‌

Amounts

in

thousands.

Schedule

of

Investments

Short-Term

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

209

INVESTMENT

COMPANIES

-

0.99%

Shares

Held

Value

(000's)

Money

Market

Funds

-

0.99%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(a),(b)

1,379,932‌

$

1,379‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(c),(d)

46,238,644‌

46,239‌

$

47,618‌

TOTAL

INVESTMENT

COMPANIES

$

47,618‌

BONDS

-

90.24%

Principal

Amount

(000's)

Value

(000's)

Agriculture

-

0.84%

Bunge

Ltd

Finance

Corp

1.63%,

08/17/2025

$

4,200‌

$

4,275‌

4.35%,

03/15/2024

10,450‌

11,374‌

Cargill

Inc

0.75%,

02/02/2026

(e)

14,700‌

14,633‌

1.38%,

07/23/2023

(e)

9,800‌

9,989‌

$

40,271‌

Airlines

-

0.52%

Alaska

Airlines

2020-1

Class

A

Pass

Through

Trust

4.80%,

02/15/2029

(e)

10,785‌

11,975‌

American

Airlines

2013-2

Class

A

Pass

Through

Trust

4.95%,

07/15/2024

3,584‌

3,656‌

Delta

Air

Lines

Inc

/

SkyMiles

IP

Ltd

4.50%,

10/20/2025

(e)

8,673‌

9,323‌

$

24,954‌

Automobile

Asset

Backed

Securities

-

7.63%

Americredit

Automobile

Receivables

Trust

2018-2

3.15%,

03/20/2023

48‌

48‌

Americredit

Automobile

Receivables

Trust

2019-1

2.97%,

11/20/2023

2,445‌

2,460‌

Americredit

Automobile

Receivables

Trust

2019-2

2.28%,

01/18/2024

8,133‌

8,184‌

AmeriCredit

Automobile

Receivables

Trust

2020-1

1.10%,

03/20/2023

450‌

450‌

AmeriCredit

Automobile

Receivables

Trust

2020-2

0.60%,

12/18/2023

5,427‌

5,433‌

AmeriCredit

Automobile

Receivables

Trust

2020-3

0.42%,

03/18/2024

12,543‌

12,554‌

AmeriCredit

Automobile

Receivables

Trust

2021-1

0.28%,

06/18/2024

15,415‌

15,422‌

CarMax

Auto

Owner

Trust

2021-2

0.27%,

06/17/2024

8,600‌

8,604‌

CPS

Auto

Receivables

Trust

2020-A

2.09%,

05/15/2023

(e)

103‌

103‌

CPS

Auto

Receivables

Trust

2020-B

1.15%,

07/17/2023

(e)

740‌

741‌

CPS

Auto

Receivables

Trust

2020-C

0.63%,

03/15/2024

(e)

5,071‌

5,075‌

CPS

Auto

Receivables

Trust

2021-A

0.35%,

01/16/2024

(e)

7,691‌

7,692‌

0.61%,

02/18/2025

(e)

6,375‌

6,387‌

CPS

Auto

Receivables

Trust

2021-B

0.37%,

03/17/2025

(e)

11,313‌

11,321‌

CPS

Auto

Trust

0.33%,

07/15/2024

(e)

2,500‌

2,500‌

Ford

Credit

Auto

Owner

Trust

2017-REV1

2.62%,

08/15/2028

(e)

11,500‌

11,652‌

Ford

Credit

Auto

Owner

Trust

2018-REV2

3.47%,

01/15/2030

(e)

14,600‌

15,476‌

Ford

Credit

Auto

Owner

Trust

2019-REV1

3.52%,

07/15/2030

(e)

11,700‌

12,550‌

Ford

Credit

Auto

Owner

Trust

2020-REV1

2.04%,

08/15/2031

(e)

13,000‌

13,571‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Automobile

Asset

Backed

Securities

(continued)

Ford

Credit

Auto

Owner

Trust

2020-REV2

1.06%,

04/15/2033

(e)

$

25,725‌

$

25,838‌

Ford

Credit

Auto

Owner

Trust

2021-REV1

1.37%,

10/17/2033

(e)

10,250‌

10,412‌

OneMain

Direct

Auto

Receivables

Trust

2018-1

3.43%,

12/16/2024

(e)

3,588‌

3,600‌

OneMain

Direct

Auto

Receivables

Trust

2019-1

3.63%,

09/14/2027

(e)

16,750‌

18,099‌

Santander

Drive

Auto

Receivables

Trust

2020-3

0.46%,

09/15/2023

3,918‌

3,919‌

Santander

Drive

Auto

Receivables

Trust

2020-4

0.42%,

09/15/2023

9,344‌

9,348‌

Santander

Drive

Auto

Receivables

Trust

2021-1

0.29%,

11/15/2023

9,922‌

9,926‌

0.32%,

09/16/2024

12,800‌

12,817‌

Santander

Drive

Auto

Receivables

Trust

2021-2

0.28%,

04/15/2024

21,500‌

21,503‌

Toyota

Auto

Loan

Extended

Note

Trust

2019-1

2.56%,

11/25/2031

(e)

17,000‌

17,957‌

Toyota

Auto

Loan

Extended

Note

Trust

2020-1

1.35%,

05/25/2033

(e)

6,100‌

6,237‌

Toyota

Auto

Loan

Extended

Note

Trust

2021-1

1.07%,

02/27/2034

(e)

15,750‌

15,894‌

Westlake

Automobile

Receivables

Trust

2019-2

2.62%,

07/15/2024

(e)

5,676‌

5,693‌

Westlake

Automobile

Receivables

Trust

2019-3

2.15%,

02/15/2023

(e)

1,191‌

1,192‌

Westlake

Automobile

Receivables

Trust

2020-2

0.93%,

02/15/2024

(e)

5,342‌

5,355‌

Westlake

Automobile

Receivables

Trust

2020-3

0.56%,

05/15/2024

(e)

21,177‌

21,216‌

Westlake

Automobile

Receivables

Trust

2021-1

0.39%,

10/15/2024

(e)

16,900‌

16,913‌

0.64%,

03/16/2026

(e)

10,500‌

10,521‌

World

Omni

Select

Auto

Trust

2020-A

0.47%,

06/17/2024

9,207‌

9,215‌

$

365,878‌

Automobile

Floor

Plan

Asset

Backed

Securities

-

0.18%

Ford

Credit

Floorplan

Master

Owner

Trust

A

0.49%,

10/15/2023

8,750‌

8,757‌

1.00

x

1

Month

USD

LIBOR

+

0.40%

Automobile

Manufacturers

-

0.31%

Ford

Motor

Credit

Co

LLC

1.42%,

03/28/2022

5,000‌

4,985‌

3

Month

USD

LIBOR

+

1.27%

Toyota

Motor

Credit

Corp

2.60%,

01/11/2022

9,600‌

9,701‌

$

14,686‌

Banks

-

19.22%

Bank

of

America

Corp

0.98%,

09/25/2025

(f)

19,500‌

19,532‌

Secured

Overnight

Financing

Rate

+

0.91%

1.20%,

10/24/2026

(f)

19,600‌

19,570‌

Secured

Overnight

Financing

Rate

+

1.01%

1.29%,

01/20/2023

28,400‌

28,543‌

3

Month

USD

LIBOR

+

1.16%

1.32%,

06/19/2026

(f)

19,400‌

19,504‌

Secured

Overnight

Financing

Rate

+

1.15%

2.50%,

10/21/2022

12,000‌

12,059‌

3.00%,

12/20/2023

(f)

10,347‌

10,711‌

3

Month

USD

LIBOR

+

0.79%

4.20%,

08/26/2024

24,500‌

26,853‌

Bank

of

Montreal

0.95%,

01/22/2027

(f)

14,700‌

14,597‌

Secured

Overnight

Financing

Rate

+

0.60%

Schedule

of

Investments

Short-Term

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

210

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Bank

of

New

York

Mellon

Corp/The

1.18%,

10/30/2023

$

24,500‌

$

24,795‌

3

Month

USD

LIBOR

+

1.05%

BNP

Paribas

SA

3.50%,

03/01/2023

(e)

9,750‌

10,215‌

Capital

One

NA

1.28%,

01/30/2023

14,400‌

14,471‌

3

Month

USD

LIBOR

+

1.15%

Citigroup

Inc

0.78%,

10/30/2024

(f)

9,600‌

9,639‌

Secured

Overnight

Financing

Rate

+

0.69%

1.09%,

04/25/2022

19,800‌

19,915‌

3

Month

USD

LIBOR

+

0.96%

1.12%,

01/28/2027

(f)

19,600‌

19,435‌

Secured

Overnight

Financing

Rate

+

0.77%

1.56%,

09/01/2023

10,000‌

10,129‌

3

Month

USD

LIBOR

+

1.43%

3.50%,

05/15/2023

9,750‌

10,257‌

4.00%,

08/05/2024

10,750‌

11,718‌

4.04%,

06/01/2024

(f)

4,750‌

5,047‌

3

Month

USD

LIBOR

+

1.02%

Credit

Suisse

AG/New

York

NY

2.10%,

11/12/2021

9,750‌

9,803‌

Credit

Suisse

Group

AG

2.59%,

09/11/2025

(e),(f)

5,000‌

5,213‌

Secured

Overnight

Financing

Rate

+

1.56%

4.21%,

06/12/2024

(e),(f)

17,900‌

19,010‌

3

Month

USD

LIBOR

+

1.24%

Deutsche

Bank

AG/New

York

NY

0.90%,

05/28/2024

9,200‌

9,191‌

Fifth

Third

Bancorp

2.60%,

06/15/2022

13,400‌

13,647‌

4.30%,

01/16/2024

15,700‌

17,024‌

First

Republic

Bank/CA

1.91%,

02/12/2024

(f)

11,000‌

11,228‌

Secured

Overnight

Financing

Rate

+

0.62%

Goldman

Sachs

Group

Inc

/The

0.48%,

01/27/2023

14,700‌

14,708‌

0.57%,

11/17/2023

19,250‌

19,302‌

Secured

Overnight

Financing

Rate

+

0.54%

0.84%,

12/09/2026

14,700‌

14,691‌

Secured

Overnight

Financing

Rate

+

0.79%

3.20%,

02/23/2023

10,000‌

10,409‌

HSBC

Holdings

PLC

2.63%,

11/07/2025

(f)

9,300‌

9,747‌

Secured

Overnight

Financing

Rate

+

1.40%

3.95%,

05/18/2024

(f)

9,750‌

10,337‌

3

Month

USD

LIBOR

+

0.99%

ING

Groep

NV

3.15%,

03/29/2022

6,800‌

6,931‌

JPMorgan

Chase

&

Co

1.03%,

04/25/2023

38,500‌

38,785‌

3

Month

USD

LIBOR

+

0.90%

1.04%,

02/04/2027

(f)

9,800‌

9,703‌

Secured

Overnight

Financing

Rate

+

0.70%

1.05%,

11/19/2026

(f)

19,600‌

19,484‌

Secured

Overnight

Financing

Rate

+

0.80%

1.36%,

10/24/2023

15,000‌

15,200‌

3

Month

USD

LIBOR

+

1.23%

1.51%,

06/01/2024

(f)

14,700‌

14,986‌

Secured

Overnight

Financing

Rate

+

1.46%

3.88%,

09/10/2024

5,249‌

5,714‌

KeyBank

NA/Cleveland

OH

0.39%,

01/03/2024

19,500‌

19,524‌

Secured

Overnight

Financing

Rate

+

0.34%

3.30%,

02/01/2022

4,750‌

4,824‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Morgan

Stanley

0.53%,

01/25/2024

(f)

$

13,500‌

$

13,504‌

Secured

Overnight

Financing

Rate

+

0.46%

0.75%,

01/20/2023

9,800‌

9,826‌

Secured

Overnight

Financing

Rate

+

0.70%

1.53%,

10/24/2023

38,600‌

39,165‌

3

Month

USD

LIBOR

+

1.40%

1.59%,

05/04/2027

(f)

10,750‌

10,911‌

Secured

Overnight

Financing

Rate

+

0.88%

4.10%,

05/22/2023

10,200‌

10,854‌

Natwest

Group

PLC

4.27%,

03/22/2025

(f)

9,750‌

10,596‌

3

Month

USD

LIBOR

+

1.76%

NatWest

Markets

PLC

0.80%,

08/12/2024

(e)

7,800‌

7,792‌

PNC

Bank

NA

0.63%,

07/27/2022

9,600‌

9,644‌

3

Month

USD

LIBOR

+

0.50%

Royal

Bank

of

Canada

0.88%,

01/20/2026

14,700‌

14,616‌

Societe

Generale

SA

2.63%,

01/22/2025

(e)

9,700‌

10,166‌

State

Street

Corp

2.35%,

11/01/2025

(f)

9,800‌

10,331‌

Secured

Overnight

Financing

Rate

+

0.94%

Toronto-Dominion

Bank/The

0.75%,

01/06/2026

(g)

14,700‌

14,606‌

Truist

Bank

0.77%,

08/02/2022

9,750‌

9,750‌

3

Month

USD

LIBOR

+

0.59%

2.45%,

08/01/2022

15,500‌

15,806‌

2.63%,

01/15/2022

14,400‌

14,527‌

Truist

Financial

Corp

1.27%,

03/02/2027

(f)

6,825‌

6,861‌

Secured

Overnight

Financing

Rate

+

0.61%

2.70%,

01/27/2022

3,832‌

3,871‌

UBS

AG/London

1.75%,

04/21/2022

(e)

11,750‌

11,867‌

UBS

Group

AG

1.01%,

07/30/2024

(e),(f)

7,000‌

7,052‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

1

Year

+

0.83%

3.49%,

05/23/2023

(e)

11,450‌

11,732‌

US

Bancorp

0.77%,

01/24/2022

(g)

5,751‌

5,765‌

3

Month

USD

LIBOR

+

0.64%

US

Bank

NA/Cincinnati

OH

2.65%,

05/23/2022

10,000‌

10,180‌

Wells

Fargo

&

Co

1.65%,

06/02/2024

(f)

19,600‌

20,017‌

Secured

Overnight

Financing

Rate

+

1.60%

2.16%,

02/11/2026

(f)

9,800‌

10,205‌

3

Month

USD

LIBOR

+

0.75%

2.19%,

04/30/2026

(f)

14,600‌

15,195‌

Secured

Overnight

Financing

Rate

+

2.00%

2.41%,

10/30/2025

(f)

10,000‌

10,457‌

Secured

Overnight

Financing

Rate

+

1.09%

3.07%,

01/24/2023

19,000‌

19,262‌

$

921,009‌

Beverages

-

0.51%

Anheuser-Busch

InBev

Finance

Inc

3.65%,

02/01/2026

8,700‌

9,629‌

Keurig

Dr

Pepper

Inc

0.75%,

03/15/2024

14,700‌

14,722‌

$

24,351‌

Schedule

of

Investments

Short-Term

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

211

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Biotechnology

-

1.41%

Amgen

Inc

2.65%,

05/11/2022

$

9,600‌

$

9,759‌

Biogen

Inc

3.63%,

09/15/2022

8,000‌

8,290‌

4.05%,

09/15/2025

1,500‌

1,676‌

Gilead

Sciences

Inc

0.75%,

09/29/2023

48,000‌

48,026‌

$

67,751‌

Building

Materials

-

0.31%

Martin

Marietta

Materials

Inc

4.25%,

07/02/2024

13,455‌

14,700‌

Chemicals

-

0.74%

Air

Liquide

Finance

SA

1.75%,

09/27/2021

(e)

6,750‌

6,758‌

Celanese

US

Holdings

LLC

3.50%,

05/08/2024

9,800‌

10,480‌

Westlake

Chemical

Corp

3.60%,

07/15/2022

9,382‌

9,579‌

3.60%,

08/15/2026

7,900‌

8,729‌

$

35,546‌

Commercial

Mortgage

Backed

Securities

-

4.80%

BX

Commercial

Mortgage

Trust

2021-SOAR

0.76%,

06/15/2038

(e)

12,200‌

12,215‌

1.00

x

1

Month

USD

LIBOR

+

0.67%

BX

Commercial

Mortgage

Trust

2021-VINO

0.75%,

05/15/2038

(e)

8,200‌

8,205‌

1.00

x

1

Month

USD

LIBOR

+

0.65%

Cold

Storage

Trust

2020-ICE5

0.99%,

11/15/2037

(e)

28,900‌

29,000‌

1.00

x

1

Month

USD

LIBOR

+

0.90%

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

0.44%,

12/25/2025

14,532‌

14,493‌

0.52%,

06/25/2025

10,448‌

10,408‌

0.52%,

11/25/2026

14,588‌

14,526‌

0.53%,

01/25/2025

9,493‌

9,486‌

0.57%,

05/25/2026

14,467‌

14,428‌

FRESB

2020-SB79

Mortgage

Trust

0.80%,

07/25/2040

(h)

16,266‌

16,308‌

FRESB

2020-SB81Mortgage

Trust

0.72%,

10/25/2040

(h)

6,801‌

6,779‌

FRESB

2021-SB82

Mortgage

Trust

0.67%,

11/25/2025

(h)

13,670‌

13,649‌

FRESB

2021-SB83

Mortgage

Trust

0.63%,

01/25/2026

(h)

9,367‌

9,357‌

Ginnie

Mae

0.23%,

02/16/2055

(h),(

i

)

37,358‌

205‌

0.28%,

10/16/2054

(h),(

i

)

27,985‌

464‌

0.35%,

01/16/2054

(h),(

i

)

26,832‌

338‌

0.36%,

02/16/2048

(h),(

i

)

14,115‌

228‌

0.37%,

09/16/2055

(h),(

i

)

13,176‌

232‌

0.52%,

01/16/2055

(h),(

i

)

61,842‌

867‌

0.88%,

06/16/2045

(h),(

i

)

24,490‌

668‌

0.93%,

08/16/2042

(h),(

i

)

10,807‌

172‌

1.16%,

02/16/2046

(h),(

i

)

21,899‌

642‌

1.23%,

10/16/2051

(h),(

i

)

2,171‌

91‌

1.26%,

12/16/2036

(h),(

i

)

9,248‌

238‌

GS

Mortgage

Securities

Trust

2017-GS6

1.95%,

05/10/2050

3,573‌

3,589‌

MHC

Commercial

Mortgage

Trust

2021-MHC

0.89%,

04/15/2038

(e)

29,200‌

29,255‌

1.00

x

1

Month

USD

LIBOR

+

0.80%

MHC

Trust

2021-MHC2

0.94%,

05/15/2023

(e)

14,600‌

14,627‌

1.00

x

1

Month

USD

LIBOR

+

0.85%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Mortgage

Backed

Securities

(continued)

MHP

2021-STOR

0.00%,

07/15/2038

(d),(e),(j)

$

8,800‌

$

8,817‌

1.00

x

1

Month

USD

LIBOR

+

0.70%

TPGI

Trust

2021-DGWD

0.79%,

06/15/2026

(e)

10,725‌

10,740‌

1.00

x

1

Month

USD

LIBOR

+

0.70%

$

230,027‌

Computers

-

1.72%

Apple

Inc

0.70%,

02/08/2026

14,700‌

14,627‌

1.13%,

05/11/2025

34,800‌

35,258‌

3.25%,

02/23/2026

5,350‌

5,886‌

Dell

International

LLC

/

EMC

Corp

5.45%,

06/15/2023

9,800‌

10,591‌

Hewlett

Packard

Enterprise

Co

4.45%,

10/02/2023

14,700‌

15,870‌

$

82,232‌

Consumer

Products

-

0.20%

Reckitt

Benckiser

Treasury

Services

PLC

0.69%,

06/24/2022

(e)

9,600‌

9,638‌

3

Month

USD

LIBOR

+

0.56%

Credit

Card

Asset

Backed

Securities

-

1.06%

BA

Credit

Card

Trust

0.34%,

05/15/2026

13,000‌

12,992‌

1.74%,

01/15/2025

37,000‌

37,607‌

$

50,599‌

Diversified

Financial

Services

-

0.80%

American

Express

Co

3.70%,

11/05/2021

6,850‌

6,891‌

Capital

One

Bank

USA

NA

2.01%,

01/27/2023

(f)

19,750‌

19,909‌

Secured

Overnight

Financing

Rate

+

0.62%

Capital

One

Financial

Corp

3.90%,

01/29/2024

7,900‌

8,507‌

USAA

Capital

Corp

1.50%,

05/01/2023

(e)

3,000‌

3,063‌

$

38,370‌

Electric

-

6.99%

AES

Corp/The

1.38%,

01/15/2026

(e)

9,750‌

9,733‌

Alabama

Power

Co

2.45%,

03/30/2022

14,250‌

14,440‌

Alliant

Energy

Finance

LLC

1.40%,

03/15/2026

(e)

4,600‌

4,598‌

3.75%,

06/15/2023

(e)

19,500‌

20,585‌

American

Electric

Power

Co

Inc

0.66%,

11/01/2023

14,700‌

14,710‌

3

Month

USD

LIBOR

+

0.48%

Black

Hills

Corp

4.25%,

11/30/2023

27,000‌

28,991‌

Dominion

Energy

Inc

0.65%,

09/15/2023

14,500‌

14,508‌

3

Month

USD

LIBOR

+

0.53%

2.72%,

08/15/2021

(h)

9,800‌

9,804‌

3.07%,

08/15/2024

(h)

9,800‌

10,429‌

DTE

Energy

Co

1.05%,

06/01/2025

4,400‌

4,414‌

2.25%,

11/01/2022

9,750‌

9,970‌

2.53%,

10/01/2024

10,000‌

10,491‌

Duke

Energy

Corp

0.90%,

09/15/2025

9,750‌

9,710‌

Duke

Energy

Florida

LLC

3.10%,

08/15/2021

5,750‌

5,756‌

Entergy

Louisiana

LLC

0.62%,

11/17/2023

14,700‌

14,712‌

Evergy

Inc

2.45%,

09/15/2024

9,300‌

9,783‌

Schedule

of

Investments

Short-Term

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

212

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Electric

(continued)

Exelon

Corp

3.50%,

06/01/2022

$

22,500‌

$

23,028‌

Florida

Power

&

Light

Co

0.28%,

05/10/2023

4,600‌

4,601‌

Secured

Overnight

Financing

Rate

+

0.25%

Fortis

Inc

/Canada

3.06%,

10/04/2026

14,594‌

15,822‌

NextEra

Energy

Capital

Holdings

Inc

0.42%,

02/22/2023

9,800‌

9,801‌

3

Month

USD

LIBOR

+

0.27%

2.40%,

09/01/2021

10,000‌

10,017‌

2.90%,

04/01/2022

14,162‌

14,409‌

3.15%,

04/01/2024

5,600‌

5,965‌

Public

Service

Enterprise

Group

Inc

0.80%,

08/15/2025

14,600‌

14,518‌

San

Diego

Gas

&

Electric

Co

1.91%,

02/01/2022

1,043‌

1,049‌

Southern

California

Edison

Co

1.85%,

02/01/2022

1,672‌

1,674‌

Southern

Power

Co

0.90%,

01/15/2026

3,900‌

3,866‌

Southwestern

Electric

Power

Co

1.65%,

03/15/2026

11,600‌

11,837‌

Tucson

Electric

Power

Co

3.05%,

03/15/2025

4,400‌

4,727‌

Vistra

Operations

Co

LLC

3.70%,

01/30/2027

(e)

19,500‌

20,893‌

$

334,841‌

Electrical

Components

&

Equipment

-

0.21%

Emerson

Electric

Co

0.88%,

10/15/2026

10,200‌

10,159‌

Electronics

-

0.50%

Honeywell

International

Inc

0.48%,

08/19/2022

14,250‌

14,252‌

1.85%,

11/01/2021

9,600‌

9,627‌

$

23,879‌

Environmental

Control

-

0.29%

Republic

Services

Inc

2.50%,

08/15/2024

5,650‌

5,937‌

Waste

Management

Inc

0.75%,

11/15/2025

7,800‌

7,782‌

$

13,719‌

Food

-

1.10%

Mars

Inc

0.88%,

07/16/2026

(e)

24,000‌

23,696‌

Nestle

Holdings

Inc

0.38%,

01/15/2024

(e)

29,000‌

28,920‌

$

52,616‌

Forest

Products

&

Paper

-

0.37%

Georgia-Pacific

LLC

1.75%,

09/30/2025

(e)

17,000‌

17,572‌

Gas

-

0.30%

NiSource

Inc

0.95%,

08/15/2025

14,600‌

14,520‌

Healthcare

-

Services

-

1.49%

Centene

Corp

4.25%,

12/15/2027

11,300‌

11,922‌

5.38%,

06/01/2026

(e)

2,693‌

2,805‌

5.38%,

08/15/2026

(e)

11,945‌

12,438‌

HCA

Inc

5.25%,

06/15/2026

25,800‌

30,058‌

Humana

Inc

0.65%,

08/03/2023

(j)

14,250‌

14,253‌

$

71,476‌

Home

Builders

-

0.21%

DR

Horton

Inc

2.50%,

10/15/2024

9,800‌

10,271‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Home

Furnishings

-

0.32%

Panasonic

Corp

2.54%,

07/19/2022

(e)

$

9,800‌

$

9,975‌

2.68%,

07/19/2024

(e)

5,000‌

5,253‌

$

15,228‌

Insurance

-

4.90%

Allstate

Corp/The

0.78%,

03/29/2023

12,500‌

12,606‌

3

Month

USD

LIBOR

+

0.63%

Five

Corners

Funding

Trust

4.42%,

11/15/2023

(e)

26,875‌

29,210‌

Guardian

Life

Global

Funding

0.88%,

12/10/2025

(e)

24,500‌

24,376‌

1.10%,

06/23/2025

(e)

17,525‌

17,699‌

MassMutual

Global

Funding

II

2.75%,

06/22/2024

(e)

13,000‌

13,784‌

Metropolitan

Life

Global

Funding

I

0.40%,

01/07/2024

(e)

14,700‌

14,687‌

1.95%,

09/15/2021

(e)

28,175‌

28,232‌

3.60%,

01/11/2024

(e)

5,000‌

5,383‌

New

York

Life

Global

Funding

0.65%,

06/10/2022

(e)

24,000‌

24,109‌

3

Month

USD

LIBOR

+

0.52%

2.00%,

01/22/2025

(e)

9,800‌

10,203‌

2.30%,

06/10/2022

(e)

16,000‌

16,282‌

Northwestern

Mutual

Global

Funding

0.80%,

01/14/2026

(e)

24,500‌

24,291‌

Prudential

Financial

Inc

1.50%,

03/10/2026

13,700‌

14,002‌

$

234,864‌

Internet

-

0.41%

eBay

Inc

1.40%,

05/10/2026

19,500‌

19,751‌

Iron

&

Steel

-

0.10%

Nucor

Corp

2.00%,

06/01/2025

4,500‌

4,684‌

Machinery

-

Diversified

-

0.31%

Otis

Worldwide

Corp

0.59%,

04/05/2023

14,750‌

14,751‌

3

Month

USD

LIBOR

+

0.45%

Media

-

1.24%

Charter

Communications

Operating

LLC

/

Charter

Communications

Operating

Capital

4.91%,

07/23/2025

14,700‌

16,686‌

Discovery

Communications

LLC

4.90%,

03/11/2026

14,498‌

16,626‌

Sky

Ltd

3.13%,

11/26/2022

(e)

8,900‌

9,224‌

ViacomCBS

Inc

4.75%,

05/15/2025

14,850‌

16,828‌

$

59,364‌

Mining

-

0.44%

Anglo

American

Capital

PLC

5.38%,

04/01/2025

(e)

9,600‌

11,002‌

Glencore

Funding

LLC

1.63%,

09/01/2025

(e)

9,750‌

9,902‌

$

20,904‌

Miscellaneous

Manufacturers

-

0.11%

Siemens

Financieringsmaatschappij

NV

0.48%,

03/11/2024

(e)

5,450‌

5,490‌

Secured

Overnight

Financing

Rate

+

0.43%

Mortgage

Backed

Securities

-

3.23%

Banc

of

America

Funding

2004-1

Trust

5.25%,

02/25/2019

7‌

7‌

Chase

Home

Lending

Mortgage

Trust

2019-1

3.50%,

03/25/2050

(e),(h)

484‌

484‌

Schedule

of

Investments

Short-Term

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

213

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Mortgage

Backed

Securities

(continued)

CHL

Mortgage

Pass-Through

Trust

2003-46

2.42%,

01/19/2034

(h)

$

152‌

$

151‌

Credit

Suisse

First

Boston

Mortgage

Securities

Corp

5.00%,

09/25/2019

5‌

4‌

GS

Mortage

-Backed

Securities

Trust

2020-PJ1

3.50%,

05/25/2050

(e),(h)

667‌

667‌

GS

Mortgage-Backed

Securities

Corp

Trust

2020-PJ3

3.00%,

10/25/2050

(e),(h)

2,844‌

2,869‌

GS

Mortgage-Backed

Securities

Corp

Trust

2021-PJ3

2.50%,

08/25/2051

(e),(h)

4,690‌

4,824‌

JP

Morgan

Mortgage

Trust

2004-A3

2.11%,

07/25/2034

(h)

317‌

307‌

JP

Morgan

Mortgage

Trust

2004-S1

5.00%,

09/25/2034

141‌

147‌

JP

Morgan

Mortgage

Trust

2020-5

3.00%,

12/25/2050

(e),(h)

1,220‌

1,226‌

JP

Morgan

Mortgage

Trust

2021-1

2.50%,

06/25/2051

(e),(h)

20,866‌

21,353‌

Metlife

Securitization

Trust

2019-1

3.75%,

04/25/2058

(e),(h)

3,653‌

3,764‌

Morgan

Stanley

Residential

Mortgage

Loan

Trust

2020-1

2.50%,

12/25/2050

(e),(h)

7,010‌

7,181‌

Oceanview

Mortgage

Trust

2021-3

2.50%,

06/25/2051

(e),(h)

14,500‌

14,889‌

PHH

Mortgage

Trust

Series

2008-CIM1

2.35%,

06/25/2038

514‌

510‌

1.00

x

1

Month

USD

LIBOR

+

2.25%

PSMC

2020-1

Trust

3.50%,

01/25/2050

(e),(h)

614‌

614‌

PSMC

2020-2

Trust

3.00%,

05/25/2050

(e),(h)

966‌

967‌

Sequoia

Mortgage

Trust

2017-1

3.50%,

02/25/2047

(e),(h)

751‌

751‌

Sequoia

Mortgage

Trust

2017-2

3.50%,

02/25/2047

(e),(h)

396‌

396‌

Sequoia

Mortgage

Trust

2020-1

3.50%,

02/25/2050

(e),(h)

581‌

583‌

Sequoia

Mortgage

Trust

2020-4

2.50%,

11/25/2050

(e),(h)

12,852‌

13,278‌

Sequoia

Mortgage

Trust

2021-3

2.50%,

05/25/2051

(e),(h)

23,867‌

24,522‌

Sequoia

Mortgage

Trust

2021-4

2.50%,

06/25/2051

(e),(h)

24,115‌

24,770‌

Wells

Fargo

Mortgage

Backed

Securities

2019-4

Trust

3.50%,

09/25/2049

(e),(h)

774‌

775‌

Wells

Fargo

Mortgage

Backed

Securities

2020-1

Trust

3.00%,

12/25/2049

(e),(h)

2,956‌

2,963‌

Wells

Fargo

Mortgage

Backed

Securities

2020-2

Trust

3.00%,

12/25/2049

(e),(h)

4,780‌

4,823‌

Wells

Fargo

Mortgage

Backed

Securities

2020-3

Trust

3.00%,

06/25/2050

(e),(h)

2,236‌

2,249‌

Wells

Fargo

Mortgage

Backed

Securities

2020-4

Trust

3.00%,

07/25/2050

(e),(h)

8,637‌

8,808‌

Wells

Fargo

Mortgage

Backed

Securities

2020-5

Trust

2.50%,

09/25/2050

(e),(h)

8,093‌

8,232‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Mortgage

Backed

Securities

(continued)

Wells

Fargo

Mortgage

Backed

Securities

2021-1

Trust

2.50%,

12/25/2050

(e),(h)

$

2,716‌

$

2,794‌

$

154,908‌

Oil

&

Gas

-

1.83%

BP

Capital

Markets

PLC

3.81%,

02/10/2024

5,000‌

5,399‌

Chevron

USA

Inc

0.69%,

08/12/2025

14,600‌

14,554‌

Cimarex

Energy

Co

4.38%,

06/01/2024

12,500‌

13,582‌

Exxon

Mobil

Corp

2.99%,

03/19/2025

9,800‌

10,522‌

Marathon

Petroleum

Corp

4.50%,

05/01/2023

9,800‌

10,425‌

Phillips

66

0.78%,

02/15/2024

9,750‌

9,759‌

3

Month

USD

LIBOR

+

0.62%

3.85%,

04/09/2025

6,850‌

7,536‌

Suncor

Energy

Inc

2.80%,

05/15/2023

7,400‌

7,691‌

3.10%,

05/15/2025

7,900‌

8,468‌

$

87,936‌

Oil

&

Gas

Services

-

0.17%

Schlumberger

Holdings

Corp

3.75%,

05/01/2024

(e)

7,800‌

8,395‌

Other

Asset

Backed

Securities

-

6.59%

CCG

Receivables

Trust

2.80%,

09/14/2026

(e)

4,023‌

4,064‌

CCG

Receivables

Trust

2018-2

3.09%,

12/15/2025

(e)

1,021‌

1,023‌

CCG

Receivables

Trust

2019-2

2.11%,

03/15/2027

(e)

8,756‌

8,853‌

CCG

Receivables

Trust

2020-1

0.54%,

12/14/2027

(e)

12,847‌

12,882‌

CCG

Receivables

Trust

2021-1

0.30%,

06/14/2027

(e)

24,300‌

24,278‌

CF

Hippolyta

LLC

1.53%,

03/15/2061

(e)

21,335‌

21,707‌

Drug

Royalty

III

LP

1

1.73%,

10/15/2031

(e)

1,735‌

1,718‌

1.00

x

3

Month

USD

LIBOR

+

1.60%

4.27%,

10/15/2031

(e)

2,106‌

2,161‌

GreatAmerica

Leasing

Receivables

Funding

LLC

Series

2021-1

0.27%,

06/15/2023

(e)

12,200‌

12,206‌

HPEFS

Equipment

Trust

2021-1

0.27%,

03/20/2031

(e)

22,200‌

22,210‌

MMAF

Equipment

Finance

LLC

2020-A

0.74%,

04/09/2024

(e)

6,356‌

6,380‌

MMAF

Equipment

Finance

LLC

2020-B

0.38%,

08/14/2023

(e)

12,294‌

12,307‌

MMAF

Equipment

Finance

LLC

2021-A

0.30%,

04/15/2024

(e)

14,600‌

14,610‌

MVW

2021-1W

LLC

1.14%,

01/22/2041

(e)

6,891‌

6,903‌

MVW

Owner

Trust

2016-1

2.25%,

12/20/2033

(e)

1,672‌

1,688‌

MVW

Owner

Trust

2018-1

3.45%,

01/21/2036

(e)

4,766‌

4,944‌

PFS

Financing

Corp

0.71%,

04/15/2026

(e)

9,750‌

9,759‌

0.93%,

08/15/2024

(e)

9,500‌

9,552‌

0.97%,

02/15/2026

(e)

17,650‌

17,801‌

2.23%,

10/15/2024

(e)

29,250‌

29,880‌

2.86%,

04/15/2024

(e)

9,750‌

9,925‌

3.52%,

10/15/2023

(e)

6,750‌

6,807‌

Schedule

of

Investments

Short-Term

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

214

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Other

Asset

Backed

Securities

(continued)

Trafigura

Securitisation

Finance

PLC

2018-1

3.73%,

03/15/2022

(e)

$

22,000‌

$

22,076‌

Trafigura

Securitisation

Finance

PLC

2021-1

1.08%,

01/15/2025

(e)

24,000‌

23,997‌

Volvo

Financial

Equipment

LLC

0.37%,

04/17/2023

(e)

14,600‌

14,608‌

Volvo

Financial

Equipment

LLC

Series

2018-1

2.76%,

10/17/2022

(e)

2,336‌

2,345‌

Volvo

Financial

Equipment

LLC

Series

2019-1

3.00%,

03/15/2023

(e)

5,410‌

5,453‌

Volvo

Financial

Equipment

LLC

Series

2019-2

2.02%,

08/15/2022

(e)

836‌

837‌

VSE

2018-A

VOI

Mortgage

LLC

3.56%,

02/20/2036

(e)

4,400‌

4,630‌

$

315,604‌

Packaging

&

Containers

-

0.41%

Graphic

Packaging

International

LLC

0.82%,

04/15/2024

(e)

9,700‌

9,664‌

1.51%,

04/15/2026

(e)

9,800‌

9,833‌

$

19,497‌

Pharmaceuticals

-

2.64%

AbbVie

Inc

2.15%,

11/19/2021

19,500‌

19,614‌

AstraZeneca

PLC

0.70%,

04/08/2026

24,000‌

23,710‌

Bayer

US

Finance

II

LLC

3.88%,

12/15/2023

(e)

5,800‌

6,204‌

Bristol-Myers

Squibb

Co

0.54%,

11/13/2023

14,700‌

14,715‌

Cigna

Corp

0.61%,

03/15/2024

7,850‌

7,853‌

1.25%,

03/15/2026

14,700‌

14,819‌

GlaxoSmithKline

Capital

PLC

0.53%,

10/01/2023

24,500‌

24,566‌

Novartis

Capital

Corp

1.75%,

02/14/2025

14,700‌

15,208‌

$

126,689‌

Pipelines

-

1.90%

Buckeye

Partners

LP

4.15%,

07/01/2023

11,300‌

11,674‌

Enterprise

Products

Operating

LLC

3.50%,

02/01/2022

14,600‌

14,834‌

Florida

Gas

Transmission

Co

LLC

3.88%,

07/15/2022

(e)

12,550‌

12,822‌

Kinder

Morgan

Inc

1.41%,

01/15/2023

14,500‌

14,697‌

3

Month

USD

LIBOR

+

1.28%

ONEOK

Partners

LP

5.00%,

09/15/2023

13,600‌

14,682‌

Southeast

Supply

Header

LLC

4.25%,

06/15/2024

(e)

11,634‌

11,489‌

TransCanada

PipeLines

Ltd

2.37%,

05/15/2067

12,163‌

10,855‌

3

Month

USD

LIBOR

+

2.21%

$

91,053‌

REITs

-

2.84%

American

Tower

Corp

2.40%,

03/15/2025

9,600‌

10,049‌

American

Tower

Trust

#1

3.07%,

03/15/2048

(e)

24,100‌

24,206‌

Crown

Castle

International

Corp

1.35%,

07/15/2025

8,750‌

8,850‌

CubeSmart

LP

4.00%,

11/15/2025

3,275‌

3,621‌

4.38%,

12/15/2023

13,400‌

14,446‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

REITs

(continued)

Omega

Healthcare

Investors

Inc

4.50%,

01/15/2025

$

7,250‌

$

7,951‌

4.95%,

04/01/2024

4,750‌

5,173‌

Public

Storage

0.88%,

02/15/2026

14,000‌

13,957‌

SBA

Tower

Trust

1.63%,

05/15/2051

(e)

19,400‌

19,636‌

1.88%,

07/15/2050

(e)

6,463‌

6,589‌

2.84%,

01/15/2050

(e)

10,325‌

10,771‌

3.72%,

04/09/2048

(e)

632‌

639‌

Ventas

Realty

LP

3.50%,

04/15/2024

9,400‌

10,045‌

$

135,933‌

Retail

-

0.13%

Walmart

Inc

2.85%,

07/08/2024

6,000‌

6,404‌

Semiconductors

-

1.03%

Broadcom

Inc

4.70%,

04/15/2025

10,300‌

11,573‌

Microchip

Technology

Inc

4.33%,

06/01/2023

9,800‌

10,419‌

Micron

Technology

Inc

2.50%,

04/24/2023

11,100‌

11,433‌

NXP

BV

/

NXP

Funding

LLC

4.63%,

06/01/2023

(e)

9,800‌

10,496‌

NXP

BV

/

NXP

Funding

LLC

/

NXP

USA

Inc

2.70%,

05/01/2025

(e)

5,300‌

5,606‌

$

49,527‌

Software

-

0.98%

Oracle

Corp

1.65%,

03/25/2026

19,700‌

20,066‌

Roper

Technologies

Inc

1.00%,

09/15/2025

14,200‌

14,200‌

VMware

Inc

0.60%,

08/15/2023

(j)

12,500‌

12,522‌

$

46,788‌

Student

Loan

Asset

Backed

Securities

-

6.06%

Commonbond

Student

Loan

Trust

2018-BGS

3.56%,

09/25/2045

(e)

4,320‌

4,469‌

Commonbond

Student

Loan

Trust

2018-C-GS

3.87%,

02/25/2046

(e)

6,528‌

6,704‌

Commonbond

Student

Loan

Trust

2019-A-GS

2.54%,

01/25/2047

(e)

10,257‌

10,521‌

Commonbond

Student

Loan

Trust

2020-A-GS

1.98%,

08/25/2050

(e)

4,378‌

4,452‌

Commonbond

Student

Loan

Trust

2021-A-GS

1.20%,

03/25/2052

(e)

18,207‌

18,227‌

EDvestinU

Private

Education

Loan

Issue

No

3

LLC

1.80%,

11/25/2045

(e)

12,108‌

12,224‌

Keycorp

Student

Loan

Trust

2000-b

0.44%,

07/25/2029

3,855‌

3,844‌

1.00

x

3

Month

USD

LIBOR

+

0.31%

KeyCorp

Student

Loan

Trust

2003-A

0.66%,

01/25/2037

8,068‌

8,068‌

1.00

x

3

Month

USD

LIBOR

+

0.53%

Laurel

Road

Prime

Student

Loan

Trust

2019-A

2.34%,

10/25/2048

(e)

1,193‌

1,212‌

Navient

Private

Education

Refi

Loan

Trust

2019-A

3.42%,

01/15/2043

(e)

2,793‌

2,863‌

Navient

Private

Education

Refi

Loan

Trust

2019-G

2.40%,

10/15/2068

(e)

8,201‌

8,382‌

Schedule

of

Investments

Short-Term

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

215

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Student

Loan

Asset

Backed

Securities

(continued)

Navient

Private

Education

Refi

Loan

Trust

2020-A

0.44%,

11/15/2068

(e)

$

1,268‌

$

1,268‌

1.00

x

1

Month

USD

LIBOR

+

0.35%

Navient

Private

Education

Refi

Loan

Trust

2020-D

1.69%,

05/15/2069

(e)

10,003‌

10,124‌

Navient

Private

Education

Refi

Loan

Trust

2020-F

1.22%,

07/15/2069

(e)

6,499‌

6,540‌

Navient

Private

Education

Refi

Loan

Trust

2020-G

1.17%,

09/16/2069

(e)

7,078‌

7,131‌

Navient

Private

Education

Refi

Loan

Trust

2020-H

1.31%,

01/15/2069

(e)

11,521‌

11,621‌

Navient

Private

Education

Refi

Loan

Trust

2021-A

0.84%,

05/15/2069

(e)

8,781‌

8,776‌

Navient

Private

Education

Refi

Loan

Trust

2021-B

0.94%,

07/15/2069

(e)

16,289‌

16,309‌

Navient

Private

Education

Refi

Loan

Trust

2021-c

1.06%,

10/15/2069

(e)

15,083‌

15,141‌

Navient

Private

Education

Refi

Loan

Trust

2021-E

0.97%,

12/16/2069

(e)

18,800‌

18,809‌

Nelnet

Student

Loan

Trust

2021-A

1.36%,

04/20/2062

(e)

37,755‌

37,872‌

SLM

Private

Credit

Student

Loan

Trust

2004-A

0.52%,

06/15/2033

846‌

838‌

1.00

x

3

Month

USD

LIBOR

+

0.40%

SLM

Private

Credit

Student

Loan

Trust

2004-B

0.45%,

03/15/2024

5,718‌

5,709‌

1.00

x

3

Month

USD

LIBOR

+

0.33%

SLM

Private

Credit

Student

Loan

Trust

2006-A

0.41%,

06/15/2039

18,019‌

17,525‌

1.00

x

3

Month

USD

LIBOR

+

0.29%

SLM

Private

Credit

Student

Loan

Trust

2006-B

0.32%,

12/15/2039

10,537‌

10,310‌

1.00

x

3

Month

USD

LIBOR

+

0.20%

SMB

Private

Education

Loan

Trust

2020-A

0.39%,

03/15/2027

(e)

2,895‌

2,895‌

1.00

x

1

Month

USD

LIBOR

+

0.30%

SMB

Private

Education

Loan

Trust

2021-A

0.59%,

01/15/2053

(e)

2,061‌

2,063‌

1.00

x

1

Month

USD

LIBOR

+

0.50%

1.07%,

01/15/2053

(e)

13,420‌

13,345‌

SMB

Private

Education

Loan

Trust

2021-B

1.31%,

07/17/2051

(e)

23,206‌

23,245‌

$

290,487‌

Telecommunications

-

2.67%

AT&T

Inc

1.04%,

02/15/2023

8,525‌

8,617‌

3

Month

USD

LIBOR

+

0.89%

1.70%,

03/25/2026

24,400‌

24,779‌

Crown

Castle

Towers

LLC

3.66%,

05/15/2045

(e)

4,187‌

4,481‌

3.72%,

07/15/2043

(e)

1,263‌

1,305‌

NTT

Finance

Corp

0.37%,

03/03/2023

(e)

4,600‌

4,602‌

0.58%,

03/01/2024

(e)

14,600‌

14,608‌

Sprint

Spectrum

Co

LLC

/

Sprint

Spectrum

Co

II

LLC

/

Sprint

Spectrum

Co

III

LLC

3.36%,

03/20/2023

(e)

2,397‌

2,405‌

4.74%,

03/20/2025

(e)

38,490‌

41,168‌

5.15%,

03/20/2028

(e)

9,500‌

10,941‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Telecommunications

(continued)

Verizon

Communications

Inc

0.84%,

03/20/2026

$

14,700‌

$

14,951‌

Secured

Overnight

Financing

Rate

+

0.79%

$

127,857‌

Trucking

&

Leasing

-

0.22%

Penske

Truck

Leasing

Co

Lp

/

PTL

Finance

Corp

3.45%,

07/01/2024

(e)

9,800‌

10,504‌

TOTAL

BONDS

$

4,324,440‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

-

9.21%

Principal

Amount

(000's)

Value

(000's)

Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

-

0.00%

2.41%,

09/01/2035

$

25‌

$

27‌

1.00

x

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

1

Year

+

2.25%

7.00%,

12/01/2022

23‌

24‌

$

51‌

Federal

National

Mortgage

Association

(FNMA)

-

0.01%

2.00%,

07/01/2034

9‌

9‌

1.00

x

12

Month

USD

LIBOR

+

1.64%

2.02%,

12/01/2032

12‌

12‌

1.00

x

12

Month

USD

LIBOR

+

1.64%

2.02%,

07/01/2034

33‌

33‌

1.00

x

12

Month

USD

LIBOR

+

1.63%

2.13%,

01/01/2035

19‌

20‌

1.00

x

12

Month

USD

LIBOR

+

1.75%

2.16%,

08/01/2034

24‌

24‌

1.00

x

12

Month

USD

LIBOR

+

1.63%

2.17%,

10/01/2035

78‌

79‌

1.00

x

12

Month

USD

LIBOR

+

1.67%

2.22%,

02/01/2037

43‌

43‌

1.00

x

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

1

Year

+

2.09%

2.31%,

02/01/2035

10‌

10‌

1.00

x

6

Month

USD

LIBOR

+

2.06%

2.41%,

11/01/2032

11‌

11‌

1.00

x

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

1

Year

+

2.29%

4.81%,

11/01/2035

1‌

1‌

1.00

x

Cost

of

funds

for

the

11th

District

of

San

Francisco

+

1.25%

$

242‌

Federal

National

Mortgage

Association

(FNMA)/Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

Uniform

Mortgage-Backed

Security

-

0.00%

7.50%,

10/01/2029

2‌

2‌

8.00%,

05/01/2027

1‌

1‌

$

3‌

U.S.

Treasury

-

3.14%

0.13%,

01/31/2023

41,700‌

41,695‌

0.13%,

10/15/2023

28,750‌

28,689‌

1.13%,

02/28/2022

29,400‌

29,580‌

1.25%,

08/31/2024

19,500‌

20,025‌

2.75%,

07/31/2023

28,800‌

30,271‌

$

150,260‌

U.S.

Treasury

Bill

-

6.06%

0.02%,

09/02/2021

(k)

24,500‌

24,499‌

0.02%,

10/28/2021

(k)

29,400‌

29,396‌

0.03%,

09/09/2021

(k)

29,300‌

29,299‌

0.03%,

09/16/2021

(k)

30,000‌

29,998‌

0.03%,

09/23/2021

(k)

29,400‌

29,398‌

0.03%,

09/30/2021

(k)

29,000‌

28,998‌

0.03%,

11/26/2021

(k)

30,000‌

29,995‌

0.04%,

12/02/2021

(k)

30,000‌

29,995‌

0.04%,

12/09/2021

(k)

29,500‌

29,495‌

Schedule

of

Investments

Short-Term

Income

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

216

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

U.S.

Treasury

Bill

(continued)

0.05%,

10/14/2021

(k)

$

29,500‌

$

29,497‌

$

290,570‌

TOTAL

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

$

441,126‌

Total

Investments

$

4,813,184‌

Other

Assets

and

Liabilities

-  (0.44)%

(

21,162‌)

TOTAL

NET

ASSETS

-

100.00%

$

4,792,022‌

(a)

Current

yield

shown

is

as

of

period

end.

(b)

Security

or

a

portion

of

the

security

was

received

as

collateral

for

securities

lending.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$1,379

or

0.03%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

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

$1,847,565

or

38.56%

of

net

assets.

(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

or

a

portion

of

the

security

was

on

loan.  At

the

end

of

the

period,

the

value

of

these

securities

totaled

$1,344

or

0.03%

of

net

assets.

(h)

Certain

variable

rate

securities

are

not

based

on

a

published

reference

rate

and

spread

but

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.

Rate

shown

is

the

rate

in

effect

as

of

period

end.

(

i

)

Security

is

an

Interest

Only

Strip.

(j)

Security

purchased

on

a

when-issued

basis.

(k)

Rate

shown

is

the

discount

rate

of

the

original

purchase.

Portfolio

Summary  (unaudited)

Sector

Percent

Financial

27.76‌%

Asset

Backed

Securities

21.52‌%

Government

9.20‌%

Consumer,

Non-cyclical

8.19‌%

Mortgage

Securities

8.04‌%

Utilities

7.29‌%

Communications

4.32‌%

Energy

3.90‌%

Technology

3.73‌%

Industrial

2.36‌%

Basic

Materials

1.65‌%

Consumer,

Cyclical

1.49‌%

Money

Market

Funds

0.99‌%

Other

Assets

and

Liabilities

(0.44‌)%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

25,115‌

$

2,507,436‌

$

2,486,312‌

$

46,239‌

$

25,115‌

$

2,507,436‌

$

2,486,312‌

$

46,239‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

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)

US

5

Year

Note;

September

2021

Short

1,458‌

$

181,441‌

$

(860‌)

Total

$

(860‌)

Amounts

in

thousands

except

contracts.

Schedule

of

Investments

SmallCap

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

217

INVESTMENT

COMPANIES

-

4

.58

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

4

.58

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(a),(b)

12,267,431‌

$

12,268‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

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

50,281,357‌

50,281‌

$

62,549‌

TOTAL

INVESTMENT

COMPANIES

$

62,549‌

COMMON

STOCKS

-

97

.41

%

Shares

Held

Value

(000's)

Agriculture

-

1

.79

%

Darling

Ingredients

Inc

(d)

298,900‌

$

20,645‌

Vital

Farms

Inc

(d)

222,100‌

3,867‌

$

24,512‌

Airlines

-

0

.31

%

Sun

Country

Airlines

Holdings

Inc

(d)

130,600‌

4,243‌

Automobile

Parts

&

Equipment

-

0

.98

%

Modine

Manufacturing

Co

(d)

327,200‌

5,474‌

Visteon

Corp

(d)

69,900‌

7,972‌

$

13,446‌

Banks

-

5

.02

%

Ameris

Bancorp

256,800‌

12,483‌

BancFirst

Corp

67,400‌

3,740‌

Bancorp

Inc/The

(d)

204,150‌

4,771‌

First

Foundation

Inc

182,600‌

4,304‌

First

Interstate

BancSystem

Inc

257,900‌

10,811‌

First

Merchants

Corp

181,100‌

7,376‌

Independent

Bank

Corp/MI

132,000‌

2,776‌

Lakeland

Bancorp

Inc

153,100‌

2,506‌

United

Community

Banks

Inc/GA

438,050‌

12,620‌

WesBanco

Inc

224,600‌

7,250‌

$

68,637‌

Biotechnology

-

5

.47

%

Acceleron

Pharma

Inc

(d)

60,000‌

7,503‌

ADC

Therapeutics

SA

(d)

89,400‌

1,881‌

Allogene

Therapeutics

Inc

(d)

88,100‌

1,934‌

Bluebird

Bio

Inc

(d)

141,200‌

3,588‌

Cellectis

SA

ADR

(d),(e)

205,700‌

2,664‌

Denali

Therapeutics

Inc

(d)

172,600‌

8,808‌

Design

Therapeutics

Inc

(d)

119,000‌

1,842‌

Horizon

Therapeutics

Plc

(d)

148,400‌

14,843‌

Immunocore

Holdings

PLC

ADR

(d)

58,100‌

1,901‌

Insmed

Inc

(d)

234,700‌

5,774‌

Iovance

Biotherapeutics

Inc

(d)

172,100‌

3,833‌

MacroGenics

Inc

(d)

182,600‌

4,558‌

Magenta

Therapeutics

Inc

(d)

372,800‌

2,654‌

Olink

Holding

AB

ADR

(d)

98,200‌

3,670‌

Precision

BioSciences

Inc

(d)

390,200‌

3,847‌

Seagen

Inc

(d)

35,500‌

5,445‌

$

74,745‌

Building

Materials

-

1

.67

%

Builders

FirstSource

Inc

(d)

264,800‌

11,784‌

Masonite

International

Corp

(d)

97,500‌

11,033‌

$

22,817‌

Chemicals

-

2

.02

%

Atotech

Ltd

(d)

507,200‌

12,249‌

Diversey

Holdings

Ltd

(d)

708,800‌

11,823‌

Koppers

Holdings

Inc

(d)

116,300‌

3,571‌

$

27,643‌

Commercial

Services

-

4

.29

%

ABM

Industries

Inc

176,300‌

8,196‌

AMN

Healthcare

Services

Inc

(d)

128,700‌

12,942‌

Coursera

Inc

(d),(e)

83,300‌

2,965‌

First

Advantage

Corp

(d)

263,500‌

5,167‌

Heidrick

&

Struggles

International

Inc

110,700‌

4,728‌

Huron

Consulting

Group

Inc

(d)

162,800‌

7,998‌

ICF

International

Inc

62,700‌

5,742‌

Legalzoom.com

Inc

(d)

10,404‌

383‌

Medifast

Inc

36,900‌

10,535‌

$

58,656‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Computers

-

1

.49

%

ExlService

Holdings

Inc

(d)

115,300‌

$

13,054‌

KnowBe4

Inc

(d),(e)

346,389‌

7,347‌

$

20,401‌

Consumer

Products

-

0

.49

%

Central

Garden

&

Pet

Co

-

A

Shares

(d)

154,180‌

6,677‌

Cosmetics

&

Personal

Care

-

1

.35

%

Beauty

Health

Co/The

(d),(e)

410,500‌

7,209‌

Beauty

Health

Co/The

-

Warrants

(d)

133,433‌

939‌

Honest

Co

Inc/The

(d),(e)

714,500‌

10,267‌

$

18,415‌

Distribution

&

Wholesale

-

1

.29

%

Core

&

Main

Inc

(d),(e)

286,052‌

7,580‌

ThredUp

Inc

(d),(e)

222,494‌

5,309‌

Titan

Machinery

Inc

(d)

165,500‌

4,722‌

$

17,611‌

Diversified

Financial

Services

-

5

.36

%

Encore

Capital

Group

Inc

(d)

238,600‌

11,295‌

Flywire

Corp

(d)

174,600‌

5,545‌

Focus

Financial

Partners

Inc

(d)

259,500‌

13,320‌

Janus

Henderson

Group

PLC

216,800‌

9,071‌

Lazard

Ltd

107,700‌

5,084‌

Piper

Sandler

Cos

101,540‌

12,458‌

Stifel

Financial

Corp

247,800‌

16,489‌

$

73,262‌

Electric

-

2

.02

%

Brookfield

Renewable

Corp

382,400‌

16,229‌

Portland

General

Electric

Co

233,100‌

11,399‌

$

27,628‌

Electrical

Components

&

Equipment

-

1

.22

%

EnerSys

132,100‌

13,033‌

nLight

Inc

(d)

104,964‌

3,641‌

$

16,674‌

Electronics

-

3

.64

%

Advanced

Energy

Industries

Inc

139,900‌

14,514‌

Atkore

Inc

(d)

206,700‌

15,525‌

SYNNEX

Corp

83,400‌

9,970‌

Vishay

Intertechnology

Inc

438,400‌

9,702‌

$

49,711‌

Energy

-

Alternate

Sources

-

0

.26

%

Array

Technologies

Inc

(d)

257,400‌

3,485‌

Engineering

&

Construction

-

1

.82

%

Dycom

Industries

Inc

(d)

166,600‌

11,562‌

MYR

Group

Inc

(d)

82,200‌

7,861‌

Tutor

Perini

Corp

(d)

391,606‌

5,510‌

$

24,933‌

Entertainment

-

3

.13

%

Caesars

Entertainment

Inc

(d)

208,900‌

18,249‌

Golden

Entertainment

Inc

(d)

276,500‌

12,584‌

Vail

Resorts

Inc

(d)

39,000‌

11,903‌

$

42,736‌

Food

-

0

.78

%

Performance

Food

Group

Co

(d)

233,818‌

10,714‌

Gas

-

0

.71

%

Southwest

Gas

Holdings

Inc

138,190‌

9,664‌

Healthcare

-

Products

-

3

.62

%

Adaptive

Biotechnologies

Corp

(d)

133,900‌

4,909‌

Castle

Biosciences

Inc

(d)

103,000‌

7,194‌

Natera

Inc

(d)

149,100‌

17,075‌

Nevro

Corp

(d)

73,400‌

11,377‌

STAAR

Surgical

Co

(d)

69,200‌

8,852‌

$

49,407‌

Healthcare

-

Services

-

4

.18

%

Accolade

Inc

(d)

84,625‌

3,961‌

Addus

HomeCare

Corp

(d)

114,800‌

9,964‌

Amedisys

Inc

(d)

16,800‌

4,379‌

Aveanna

Healthcare

Holdings

Inc

(d)

361,000‌

3,733‌

LifeStance

Health

Group

Inc

(d)

553,600‌

13,120‌

Schedule

of

Investments

SmallCap

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

218

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Healthcare

-

Services

(continued)

Syneos

Health

Inc

(d)

177,900‌

$

15,952‌

Teladoc

Health

Inc

(d)

40,500‌

6,012‌

$

57,121‌

Holding

Companies

-

Diversified

-

1

.15

%

Ajax

I

(d),(e)

382,900‌

3,814‌

Ajax

I

-

Class

A

Warrants

(d)

95,725‌

172‌

Gores

Metropoulos

II

Inc

(d),(f)

7,900‌

78‌

GS

Acquisition

Holdings

Corp

II

(d)

440,400‌

4,409‌

GS

Acquisition

Holdings

Corp

II

-

Class

A

Warrants

(d)

179,475‌

345‌

Vesper

Healthcare

Acquisition

Corp

-

PIPE

(d)

390,000‌

6,848‌

$

15,666‌

Home

Builders

-

1

.12

%

Taylor

Morrison

Home

Corp

(d)

572,300‌

15,349‌

Home

Furnishings

-

0

.48

%

Purple

Innovation

Inc

(d)

247,914‌

6,530‌

Insurance

-

1

.62

%

CNO

Financial

Group

Inc

302,300‌

6,905‌

Hanover

Insurance

Group

Inc/The

97,800‌

13,291‌

Reinsurance

Group

of

America

Inc

17,500‌

1,928‌

$

22,124‌

Internet

-

1

.77

%

Eventbrite

Inc

(d)

452,100‌

8,034‌

Revolve

Group

Inc

(d)

231,300‌

16,101‌

$

24,135‌

Iron

&

Steel

-

1

.08

%

Cleveland-Cliffs

Inc

(d)

590,000‌

14,750‌

Leisure

Products

&

Services

-

0

.82

%

Lindblad

Expeditions

Holdings

Inc

(d)

248,000‌

3,395‌

Planet

Fitness

Inc

(d)

103,500‌

7,786‌

$

11,181‌

Machinery

-

Diversified

-

1

.42

%

Columbus

McKinnon

Corp/NY

206,400‌

9,577‌

Gates

Industrial

Corp

PLC

(d)

541,750‌

9,811‌

$

19,388‌

Media

-

0

.50

%

World

Wrestling

Entertainment

Inc

136,900‌

6,760‌

Metal

Fabrication

&

Hardware

-

1

.38

%

Rexnord

Corp

246,000‌

13,857‌

Xometry

Inc

(d)

63,120‌

4,997‌

$

18,854‌

Mining

-

0

.70

%

Alcoa

Corp

(d)

172,990‌

6,945‌

Piedmont

Lithium

Inc

(d)

48,400‌

2,665‌

$

9,610‌

Miscellaneous

Manufacturers

-

0

.94

%

Hillenbrand

Inc

284,400‌

12,883‌

Office

Furnishings

-

0

.35

%

HNI

Corp

128,400‌

4,789‌

Oil

&

Gas

-

0

.88

%

PDC

Energy

Inc

92,500‌

3,658‌

Pioneer

Natural

Resources

Co

57,910‌

8,419‌

$

12,077‌

Oil

&

Gas

Services

-

0

.85

%

Bristow

Group

Inc

(d)

127,500‌

3,312‌

ChampionX

Corp

(d)

358,735‌

8,337‌

$

11,649‌

Packaging

&

Containers

-

0

.44

%

Graphic

Packaging

Holding

Co

316,000‌

6,058‌

Pharmaceuticals

-

1

.89

%

Collegium

Pharmaceutical

Inc

(d)

243,800‌

6,068‌

Dexcom

Inc

(d)

12,900‌

6,650‌

PMV

Pharmaceuticals

Inc

(d)

166,600‌

5,666‌

Revance

Therapeutics

Inc

(d)

257,000‌

7,474‌

$

25,858‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

REITs

-

5

.91

%

Agree

Realty

Corp

227,600‌

$

17,104‌

Cousins

Properties

Inc

371,301‌

14,748‌

First

Industrial

Realty

Trust

Inc

269,340‌

14,754‌

Ladder

Capital

Corp

516,800‌

5,902‌

Pebblebrook

Hotel

Trust

621,236‌

13,972‌

Rexford

Industrial

Realty

Inc

231,900‌

14,267‌

$

80,747‌

Retail

-

5

.88

%

Bed

Bath

&

Beyond

Inc

(d)

69,600‌

1,986‌

BJ's

Wholesale

Club

Holdings

Inc

(d)

211,351‌

10,703‌

Bloomin'

Brands

Inc

(d)

324,400‌

8,152‌

Brinker

International

Inc

(d)

143,500‌

7,798‌

Caleres

Inc

612,200‌

15,146‌

Petco

Health

&

Wellness

Co

Inc

(d)

310,173‌

6,399‌

Rush

Enterprises

Inc

-

Class

A

191,782‌

9,012‌

Ruth's

Hospitality

Group

Inc

(d)

10,967‌

219‌

Sally

Beauty

Holdings

Inc

(d)

422,400‌

7,992‌

Vroom

Inc

(d)

236,800‌

8,771‌

World

Fuel

Services

Corp

121,100‌

4,173‌

$

80,351‌

Savings

&

Loans

-

1

.63

%

Meridian

Bancorp

Inc

98,000‌

1,873‌

Provident

Financial

Services

Inc

286,400‌

6,186‌

Sterling

Bancorp/DE

652,400‌

14,164‌

$

22,223‌

Semiconductors

-

3

.18

%

Allegro

MicroSystems

Inc

(d)

462,800‌

12,685‌

Entegris

Inc

116,140‌

14,011‌

SiTime

Corp

(d)

123,200‌

16,711‌

$

43,407‌

Software

-

9

.28

%

Aspen

Technology

Inc

(d)

57,400‌

8,395‌

Bentley

Systems

Inc

(e)

70,840‌

4,308‌

BigCommerce

Holdings

Inc

(d)

43,900‌

2,843‌

Clear

Secure

Inc

(d)

78,863‌

3,898‌

Concentrix

Corp

(d)

83,300‌

13,639‌

DigitalOcean

Holdings

Inc

(d)

202,000‌

10,403‌

DoubleVerify

Holdings

Inc

(d),(e)

108,947‌

3,770‌

Doximity

Inc

(d)

65,688‌

4,066‌

Duck

Creek

Technologies

Inc

(d)

66,800‌

2,935‌

Jamf

Holding

Corp

(d)

132,900‌

4,360‌

Manhattan

Associates

Inc

(d)

109,300‌

17,448‌

Olo

Inc

(d)

33,400‌

1,171‌

ON24

Inc

(d)

86,000‌

3,141‌

Paymentus

Holdings

Inc

(d)

191,900‌

5,565‌

Privia

Health

Group

Inc

(d)

271,000‌

11,247‌

SentinelOne

Inc

(d)

64,000‌

3,156‌

Signify

Health

Inc

(d)

162,400‌

4,274‌

Sophia

Genetics

SA

(d),(e)

111,200‌

1,740‌

Sprout

Social

Inc

(d)

230,700‌

20,495‌

$

126,854‌

Telecommunications

-

0

.19

%

Switch

Inc

126,100‌

2,605‌

Transportation

-

1

.04

%

Atlas

Air

Worldwide

Holdings

Inc

(d)

76,400‌

5,116‌

Hub

Group

Inc

(d)

137,900‌

9,140‌

$

14,256‌

TOTAL

COMMON

STOCKS

$

1,331,242‌

Total

Investments

$

1,393,791‌

Other

Assets

and

Liabilities

-  (1.99)%

(

27,244‌

)

TOTAL

NET

ASSETS

-

100.00%

$

1,366,547‌

Schedule

of

Investments

SmallCap

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

219

(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

$32,488

or

2.38%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

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,

the

value

of

these

securities

totaled

$31,203

or

2.28%

of

net

assets.

(f)

Restricted

Security.

Please

see

Restricted

Securities

sub-schedule

for

additional

information.

Portfolio

Summary  (unaudited)

Sector

Percent

Consumer,

Non-cyclical

23

.86‌

%

Financial

19

.54‌

%

Consumer,

Cyclical

14

.36‌

%

Technology

13

.95‌

%

Industrial

13

.57‌

%

Money

Market

Funds

4

.58‌

%

Basic

Materials

3

.80‌

%

Utilities

2

.73‌

%

Communications

2

.46‌

%

Energy

1

.99‌

%

Diversified

1

.15‌

%

Other

Assets

and

Liabilities

(

1

.99‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

29,913‌

$

578,957‌

$

558,589‌

$

50,281‌

$

29,913‌

$

578,957‌

$

558,589‌

$

50,281‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Restricted

Securities

Security

Name

Acquisition

Date

Cost

Value

Percent

of

Net

Assets

Gores

Metropoulos

II

Inc

05/25/2021-07/26/2021

$

78‌

$

78‌

0.01%

Total

$

78‌

0.01%

Amounts

in

thousands.

Schedule

of

Investments

SmallCap

Growth

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

220

INVESTMENT

COMPANIES

-

3.83%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0.17%

iShares

Russell

2000

Growth

ETF

(a)

17,092‌

$

5,129‌

Money

Market

Funds

-

3.66%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(b),(c)

10,137,915‌

10,137‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

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

99,980,288‌

99,981‌

$

110,118‌

TOTAL

INVESTMENT

COMPANIES

$

115,247‌

COMMON

STOCKS

-

97.45%

Shares

Held

Value

(000's)

Advertising

-

0.01%

Clear

Channel

Outdoor

Holdings

Inc

(e)

4,994‌

$

13‌

MDC

Partners

Inc

(e)

869‌

5‌

Mission

Produce

Inc

(e)

677‌

13‌

National

CineMedia

Inc

799‌

3‌

Quotient

Technology

Inc

(e)

14,082‌

153‌

$

187‌

Aerospace

&

Defense

-

0

.31%

Aerojet

Rocketdyne

Holdings

Inc

9,445‌

446‌

AeroVironment

Inc

(e)

3,564‌

360‌

Kratos

Defense

&

Security

Solutions

Inc

(e)

312,590‌

8,502‌

$

9,308‌

Agriculture

-

0.16%

22nd

Century

Group

Inc

(a),(e)

23,932‌

77‌

Andersons

Inc/The

2,019‌

54‌

AppHarvest

Inc

(a),(e)

7,596‌

90‌

Cadiz

Inc

(e)

204‌

3‌

Greenlane

Holdings

Inc

(a),(e)

2,608‌

9‌

Limoneira

Co

697‌

12‌

Turning

Point

Brands

Inc

2,309‌

122‌

Vector

Group

Ltd

3,209‌

43‌

Vital

Farms

Inc

(e)

248,668‌

4,330‌

$

4,740‌

Airlines

-

0.14%

Allegiant

Travel

Co

(e)

2,401‌

457‌

Frontier

Group

Holdings

Inc

(e)

5,517‌

81‌

Sun

Country

Airlines

Holdings

Inc

(e)

109,874‌

3,570‌

$

4,108‌

Apparel

-

0.11%

Crocs

Inc

(e)

10,235‌

1,390‌

Kontoor

Brands

Inc

8,220‌

455‌

Oxford

Industries

Inc

187‌

16‌

PLBY

Group

Inc

(e)

1,718‌

49‌

Rocky

Brands

Inc

57‌

3‌

Steven

Madden

Ltd

12,999‌

570‌

Superior

Group

of

Cos

Inc

395‌

9‌

Urban

Outfitters

Inc

(e)

7,653‌

285‌

Wolverine

World

Wide

Inc

12,886‌

432‌

$

3,209‌

Automobile

Manufacturers

-

0.20%

Arcimoto

Inc

(a),(e)

4,338‌

71‌

Blue

Bird

Corp

(e)

1,221‌

30‌

Canoo

Inc

(a),(e)

5,752‌

47‌

Fisker

Inc

(a),(e)

327,357‌

5,277‌

Hyliion

Holdings

Corp

(e)

3,567‌

35‌

Lordstown

Motors

Corp

(a),(e)

1,684‌

10‌

Nikola

Corp

(a),(e)

31,771‌

377‌

REV

Group

Inc

669‌

10‌

Wabash

National

Corp

600‌

9‌

Workhorse

Group

Inc

(a),(e)

1,743‌

20‌

XL

Fleet

Corp

(a),(e)

797‌

6‌

$

5,892‌

Automobile

Parts

&

Equipment

-

0.88%

Adient

PLC

(e)

1,922‌

81‌

American

Axle

&

Manufacturing

Holdings

Inc

(e)

8,900‌

86‌

Commercial

Vehicle

Group

Inc

(e)

1,799‌

17‌

Dana

Inc

12,370‌

299‌

Dorman

Products

Inc

(e)

4,240‌

429‌

Douglas

Dynamics

Inc

3,625‌

145‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Automobile

Parts

&

Equipment

(continued)

Fox

Factory

Holding

Corp

(e)

108,269‌

$

17,490‌

Gentherm

Inc

(e)

5,273‌

437‌

Meritor

Inc

(e)

9,457‌

230‌

Miller

Industries

Inc/TN

88‌

3‌

Modine

Manufacturing

Co

(e)

833‌

14‌

Romeo

Power

Inc

(e)

5,221‌

37‌

Shyft

Group

Inc/The

5,486‌

216‌

Tenneco

Inc

(e)

10,247‌

178‌

Titan

International

Inc

(e)

1,275‌

11‌

Velodyne

Lidar

Inc

(a),(e)

11,200‌

90‌

Visteon

Corp

(e)

57,327‌

6,538‌

XPEL

Inc

(e)

2,847‌

264‌

$

26,565‌

Banks

-

2.43%

Altabancorp

167‌

7‌

Bridgewater

Bancshares

Inc

(e)

740‌

12‌

Cadence

BanCorp

6,883‌

131‌

Coastal

Financial

Corp/WA

(e)

1,025‌

30‌

CrossFirst

Bankshares

Inc

(e)

3,625‌

50‌

Customers

Bancorp

Inc

(e)

340‌

12‌

Eastern

Bankshares

Inc

521,194‌

9,511‌

FB

Financial

Corp

418‌

16‌

First

Financial

Bankshares

Inc

361,971‌

17,679‌

Five

Star

Bancorp

319‌

8‌

Glacier

Bancorp

Inc

1,930‌

100‌

Great

Western

Bancorp

Inc

537‌

17‌

Kearny

Financial

Corp/MD

3,426‌

41‌

Lakeland

Financial

Corp

244‌

16‌

Live

Oak

Bancshares

Inc

285,240‌

17,169‌

Luther

Burbank

Corp

109‌

1‌

Meta

Financial

Group

Inc

1,447‌

72‌

Metrocity

Bankshares

Inc

743‌

15‌

Metropolitan

Bank

Holding

Corp

(e)

82‌

6‌

Origin

Bancorp

Inc

570‌

23‌

Prosperity

Bancshares

Inc

250,254‌

17,065‌

RBB

Bancorp

250‌

6‌

ServisFirst

Bancshares

Inc

6,591‌

468‌

Silvergate

Capital

Corp

(e)

37,736‌

3,879‌

South

State

Corp

46,066‌

3,171‌

Southern

First

Bancshares

Inc

(e)

364‌

18‌

Stock

Yards

Bancorp

Inc

590‌

28‌

Texas

Capital

Bancshares

Inc

(e)

3,030‌

191‌

Triumph

Bancorp

Inc

(e)

40,097‌

3,074‌

Veritex

Holdings

Inc

1,063‌

36‌

Walker

&

Dunlop

Inc

474‌

49‌

West

BanCorp

Inc

477‌

14‌

$

72,915‌

Beverages

-

0.11%

Celsius

Holdings

Inc

(e)

7,208‌

495‌

Coca-Cola

Consolidated

Inc

746‌

298‌

Duckhorn

Portfolio

Inc/The

(e)

2,140‌

47‌

MGP

Ingredients

Inc

1,882‌

112‌

National

Beverage

Corp

3,723‌

169‌

NewAge

Inc

(e)

11,339‌

21‌

Zevia

PBC

(a),(e)

156,199‌

2,079‌

$

3,221‌

Biotechnology

-

9.36%

4D

Molecular

Therapeutics

Inc

(e)

162‌

4‌

9

Meters

Biopharma

Inc

(e)

33,715‌

36‌

Abcam

PLC

ADR

(e)

218,176‌

4,126‌

ACADIA

Pharmaceuticals

Inc

(e)

18,961‌

410‌

Acceleron

Pharma

Inc

(e)

56,593‌

7,078‌

ADC

Therapeutics

SA

(e)

165,971‌

3,492‌

Affimed

NV

(e)

18,393‌

122‌

Agenus

Inc

(e)

31,232‌

162‌

Akero

Therapeutics

Inc

(e)

3,071‌

66‌

Akoya

Biosciences

Inc

(e)

1,158‌

20‌

Albireo

Pharma

Inc

(e)

2,102‌

60‌

Alder

Biopharmaceuticals

Inc

(a),(e),(f)

9,847‌

1‌

Schedule

of

Investments

SmallCap

Growth

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

221

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Biotechnology

(continued)

Aldeyra

Therapeutics

Inc

(e)

7,689‌

$

68‌

Aligos

Therapeutics

Inc

(e)

2,972‌

43‌

Allakos

Inc

(e)

80,856‌

6,433‌

Allogene

Therapeutics

Inc

(e)

212,199‌

4,657‌

Alpine

Immune

Sciences

Inc

(e)

1,762‌

16‌

ALX

Oncology

Holdings

Inc

(e)

2,810‌

165‌

Amicus

Therapeutics

Inc

(e)

41,662‌

387‌

Anavex

Life

Sciences

Corp

(e)

9,832‌

176‌

Angion

Biomedica

Corp

(e)

803‌

9‌

Annexon

Inc

(e)

190,617‌

4,014‌

Apellis

Pharmaceuticals

Inc

(e)

10,292‌

659‌

Applied

Molecular

Transport

Inc

(e)

3,897‌

109‌

Applied

Therapeutics

Inc

(e)

151,634‌

2,609‌

Arbutus

Biopharma

Corp

(e)

1,273‌

3‌

Arcutis

Biotherapeutics

Inc

(e)

443‌

10‌

Ardelyx

Inc

(e)

9,748‌

17‌

Arena

Pharmaceuticals

Inc

(e)

83,846‌

5,187‌

Arrowhead

Pharmaceuticals

Inc

(e)

16,061‌

1,113‌

Ascendis

Pharma

A/S

ADR

(e)

81,860‌

9,675‌

Atara

Biotherapeutics

Inc

(e)

1,053‌

13‌

Atea

Pharmaceuticals

Inc

(e)

882‌

22‌

Athersys

Inc

(a),(e)

27,438‌

45‌

Atossa

Therapeutics

Inc

(a),(e)

1,309‌

4‌

Avid

Bioservices

Inc

(e)

9,013‌

231‌

Avidity

Biosciences

Inc

(e)

790‌

15‌

Avrobio

Inc

(e)

172,801‌

1,272‌

Axsome

Therapeutics

Inc

(e)

4,405‌

214‌

Beam

Therapeutics

Inc

(e)

7,444‌

685‌

Berkeley

Lights

Inc

(e)

7,598‌

346‌

BioAtla

Inc

(e)

1,932‌

79‌

BioCryst

Pharmaceuticals

Inc

(e)

2,874‌

46‌

Biodesix

Inc

(a),(e)

1,863‌

18‌

Biohaven

Pharmaceutical

Holding

Co

Ltd

(e)

211,575‌

26,661‌

Biomea

Fusion

Inc

(a),(e)

1,308‌

17‌

Blueprint

Medicines

Corp

(e)

248,832‌

21,865‌

Bridgebio

Pharma

Inc

(e)

11,442‌

612‌

Brooklyn

ImmunoTherapeutics

Inc

(a),(e)

3,297‌

38‌

C4

Therapeutics

Inc

(e)

5,456‌

235‌

Celldex

Therapeutics

Inc

(e)

4,883‌

214‌

CEL-SCI

Corp

(a),(e)

5,129‌

41‌

Cerecor

Inc

(e)

7,565‌

20‌

Cerevel

Therapeutics

Holdings

Inc

(e)

5,586‌

138‌

Certara

Inc

(e)

286,431‌

7,794‌

ChemoCentryx

Inc

(e)

579‌

9‌

ChromaDex

Corp

(e)

7,420‌

64‌

Clene

Inc

(a),(e)

2,329‌

20‌

Codiak

Biosciences

Inc

(e)

2,488‌

43‌

Cogent

Biosciences

Inc

(a),(e)

1,693‌

10‌

Cortexyme

Inc

(e)

3,162‌

179‌

Crinetics

Pharmaceuticals

Inc

(e)

4,964‌

89‌

Cue

Biopharma

Inc

(e)

4,719‌

49‌

Cullinan

Oncology

Inc

(a),(e)

136‌

3‌

Curis

Inc

(e)

484,270‌

3,676‌

CytomX

Therapeutics

Inc

(e)

8,745‌

47‌

Deciphera

Pharmaceuticals

Inc

(e)

5,375‌

164‌

Denali

Therapeutics

Inc

(e)

14,415‌

736‌

Design

Therapeutics

Inc

(e)

1,189‌

18‌

Dicerna

Pharmaceuticals

Inc

(e)

111,131‌

4,168‌

Dynavax

Technologies

Corp

(a),(e)

17,080‌

160‌

Edgewise

Therapeutics

Inc

(e)

1,955‌

34‌

Editas

Medicine

Inc

(a),(e)

10,837‌

454‌

Epizyme

Inc

(e)

14,225‌

94‌

Erasca

Inc

(e)

120,098‌

2,522‌

Esperion

Therapeutics

Inc

(a),(e)

4,161‌

64‌

Evelo

Biosciences

Inc

(a),(e)

4,812‌

44‌

Evolus

Inc

(a),(e)

5,111‌

55‌

Exagen

Inc

(e)

666‌

8‌

Fate

Therapeutics

Inc

(e)

50,512‌

4,182‌

FibroGen

Inc

(e)

12,469‌

162‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Biotechnology

(continued)

Finch

Therapeutics

Group

Inc

(e)

153‌

$

2‌

Forte

Biosciences

Inc

(e)

1,788‌

54‌

Gemini

Therapeutics

Inc

(e)

560‌

2‌

Generation

Bio

Co

(e)

6,511‌

142‌

Global

Blood

Therapeutics

Inc

(e)

9,482‌

259‌

Gossamer

Bio

Inc

(e)

383,879‌

3,017‌

Greenwich

Lifesciences

Inc

(e)

641‌

25‌

GT

Biopharma

Inc

(e)

3,778‌

38‌

Halozyme

Therapeutics

Inc

(e)

22,329‌

923‌

Harvard

Bioscience

Inc

(e)

5,302‌

42‌

Humanigen

Inc

(a),(e)

7,105‌

115‌

IGM

Biosciences

Inc

(e)

1,309‌

89‌

Ikena

Oncology

Inc

(e)

165‌

2‌

Imago

Biosciences

Inc

(e)

138,047‌

2,529‌

ImmunityBio

Inc

(e)

1,136‌

12‌

ImmunoGen

Inc

(e)

16,777‌

94‌

Immunovant

Inc

(e)

3,829‌

40‌

Impel

Neuropharma

Inc

(a),(e)

577‌

8‌

Infinity

Pharmaceuticals

Inc

(e)

12,523‌

27‌

Inhibrx

Inc

(e)

4,423‌

126‌

Innoviva

Inc

(e)

1,104‌

16‌

Insmed

Inc

(e)

259,152‌

6,375‌

Instil

Bio

Inc

(e)

260,896‌

3,926‌

Intercept

Pharmaceuticals

Inc

(e)

4,442‌

77‌

Intra-Cellular

Therapies

Inc

(e)

11,198‌

384‌

iTeos

Therapeutics

Inc

(e)

166,808‌

4,008‌

IVERIC

bio

Inc

(e)

2,884‌

25‌

Kadmon

Holdings

Inc

(e)

27,461‌

103‌

Kaleido

Biosciences

Inc

(e)

2,781‌

15‌

Karuna

Therapeutics

Inc

(e)

54,474‌

6,222‌

Karyopharm

Therapeutics

Inc

(e)

11,407‌

95‌

KemPharm

Inc

(a),(e)

2,107‌

21‌

Keros

Therapeutics

Inc

(e)

2,473‌

91‌

Kiniksa

Pharmaceuticals

Ltd

(e)

2,123‌

33‌

Kinnate

Biopharma

Inc

(e)

109‌

2‌

Kodiak

Sciences

Inc

(e)

5,309‌

445‌

Kronos

Bio

Inc

(e)

706‌

14‌

Krystal

Biotech

Inc

(e)

1,020‌

60‌

Kymera

Therapeutics

Inc

(e)

4,581‌

276‌

Legend

Biotech

Corp

ADR

(e)

123,693‌

5,323‌

Lexicon

Pharmaceuticals

Inc

(e)

4,140‌

15‌

Ligand

Pharmaceuticals

Inc

(e)

285‌

32‌

MacroGenics

Inc

(e)

8,598‌

215‌

Magenta

Therapeutics

Inc

(e)

4,232‌

30‌

MEI

Pharma

Inc

(e)

16,693‌

45‌

MeiraGTx

Holdings

plc

(e)

300‌

4‌

Mersana

Therapeutics

Inc

(e)

7,671‌

84‌

Mind

Medicine

MindMed

Inc

(e)

51,038‌

156‌

Molecular

Templates

Inc

(e)

5,858‌

41‌

NeoGenomics

Inc

(e)

656,827‌

30,279‌

NGM

Biopharmaceuticals

Inc

(e)

479‌

10‌

Nurix

Therapeutics

Inc

(e)

4,520‌

139‌

Nuvation

Bio

Inc

(e)

4,725‌

41‌

Olema

Pharmaceuticals

Inc

(e)

853‌

20‌

Olink

Holding

AB

ADR

(e)

46,804‌

1,749‌

Omeros

Corp

(a),(e)

9,554‌

139‌

Oncocyte

Corp

(e)

8,332‌

43‌

Oncternal

Therapeutics

Inc

(e),(f)

139‌

—‌

Organogenesis

Holdings

Inc

(e)

6,043‌

93‌

Oyster

Point

Pharma

Inc

(e)

125‌

2‌

Pacific

Biosciences

of

California

Inc

(e)

14,081‌

453‌

Phathom

Pharmaceuticals

Inc

(e)

3,209‌

103‌

Pliant

Therapeutics

Inc

(e)

3,496‌

71‌

Portage

Biotech

Inc

(e)

96‌

1‌

Praxis

Precision

Medicines

Inc

(a),(e)

193,257‌

3,015‌

Precigen

Inc

(a),(e)

13,103‌

72‌

Precision

BioSciences

Inc

(e)

7,640‌

75‌

Prelude

Therapeutics

Inc

(a),(e)

1,715‌

55‌

Prothena

Corp

PLC

(e)

4,155‌

208‌

Schedule

of

Investments

SmallCap

Growth

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

222

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Biotechnology

(continued)

PTC

Therapeutics

Inc

(e)

11,005‌

$

422‌

Puma

Biotechnology

Inc

(e)

5,063‌

38‌

Radius

Health

Inc

(e)

7,417‌

112‌

Rain

Therapeutics

Inc

(a),(e)

796‌

13‌

RAPT

Therapeutics

Inc

(e)

2,848‌

87‌

Recursion

Pharmaceuticals

Inc

(a),(e)

172,839‌

5,246‌

REGENXBIO

Inc

(e)

3,265‌

106‌

Relay

Therapeutics

Inc

(e)

160,465‌

5,205‌

Replimune

Group

Inc

(e)

210,355‌

6,885‌

REVOLUTION

Medicines

Inc

(e)

1,328‌

38‌

Rigel

Pharmaceuticals

Inc

(e)

27,069‌

108‌

Rocket

Pharmaceuticals

Inc

(e)

6,295‌

225‌

Rubius

Therapeutics

Inc

(e)

7,143‌

154‌

Sana

Biotechnology

Inc

(e)

4,024‌

66‌

Sangamo

Therapeutics

Inc

(e)

16,687‌

160‌

Scholar

Rock

Holding

Corp

(e)

3,700‌

116‌

Seelos

Therapeutics

Inc

(e)

12,060‌

27‌

Seer

Inc

(e)

71,576‌

2,287‌

Selecta

Biosciences

Inc

(e)

1,443‌

5‌

Sesen

Bio

Inc

(e)

27,085‌

101‌

Shattuck

Labs

Inc

(a),(e)

3,456‌

76‌

Sigilon

Therapeutics

Inc

(e)

250‌

1‌

Sorrento

Therapeutics

Inc

(a),(e)

39,046‌

321‌

SpringWorks

Therapeutics

Inc

(e)

4,627‌

397‌

Stoke

Therapeutics

Inc

(a),(e)

3,024‌

87‌

Sutro

Biopharma

Inc

(e)

472‌

8‌

Syndax

Pharmaceuticals

Inc

(e)

1,740‌

25‌

Talaris

Therapeutics

Inc

(e)

955‌

13‌

Tarsus

Pharmaceuticals

Inc

(e)

1,070‌

24‌

Taysha

Gene

Therapies

Inc

(a),(e)

2,921‌

51‌

Terns

Pharmaceuticals

Inc

(e)

935‌

7‌

TG

Therapeutics

Inc

(e)

20,308‌

711‌

Theravance

Biopharma

Inc

(e)

7,736‌

100‌

Tobira

Therapeutics

Inc

-

Rights

(e),(f)

1,559‌

—‌

Translate

Bio

Inc

(e)

5,470‌

151‌

TransMedics

Group

Inc

(e)

81,081‌

2,312‌

Travere

Therapeutics

Inc

(e)

625‌

9‌

Trillium

Therapeutics

Inc

(e)

2,256‌

15‌

Turning

Point

Therapeutics

Inc

(e)

101,869‌

6,502‌

Twist

Bioscience

Corp

(e)

106,718‌

13,132‌

Ultragenyx

Pharmaceutical

Inc

(e)

115,390‌

9,211‌

United

Therapeutics

Corp

(e)

40,814‌

7,425‌

UroGen

Pharma

Ltd

(a),(e)

2,250‌

35‌

Vaxart

Inc

(a),(e)

17,203‌

124‌

VBI

Vaccines

Inc

(e)

26,486‌

79‌

Verastem

Inc

(e)

27,319‌

88‌

Vericel

Corp

(a),(e)

7,367‌

390‌

Veru

Inc

(e)

7,171‌

49‌

Vincerx

Pharma

Inc

(e)

752‌

10‌

Vir

Biotechnology

Inc

(e)

154,715‌

5,516‌

Viracta

Therapeutics

Inc

(e)

1,192‌

13‌

VistaGen

Therapeutics

Inc

(e)

25,402‌

68‌

Vor

BioPharma

Inc

(e)

177‌

2‌

WaVe

Life

Sciences

Ltd

(e)

5,853‌

32‌

Werewolf

Therapeutics

Inc

(e)

769‌

13‌

Xencor

Inc

(e)

8,958‌

276‌

XOMA

Corp

(a),(e)

79‌

3‌

Y-mAbs

Therapeutics

Inc

(e)

165,791‌

5,487‌

Zentalis

Pharmaceuticals

Inc

(e)

116,700‌

6,209‌

ZIOPHARM

Oncology

Inc

(a),(e)

33,317‌

76‌

$

281,302‌

Building

Materials

-

2.53%

AAON

Inc

6,647‌

413‌

AZEK

Co

Inc/The

(e)

678,284‌

24,668‌

Boise

Cascade

Co

1,343‌

69‌

Cornerstone

Building

Brands

Inc

(e)

8,674‌

146‌

Forterra

Inc

(e)

4,612‌

109‌

Gibraltar

Industries

Inc

(e)

1,494‌

112‌

Hayward

Holdings

Inc

(e)

591,997‌

14,261‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Building

Materials

(continued)

JELD-WEN

Holding

Inc

(e)

5,298‌

$

140‌

Masonite

International

Corp

(e)

45,474‌

5,146‌

Patrick

Industries

Inc

3,601‌

298‌

PGT

Innovations

Inc

(e)

4,393‌

99‌

Simpson

Manufacturing

Co

Inc

150,736‌

16,955‌

SPX

Corp

(e)

5,783‌

385‌

Summit

Materials

Inc

(e)

98,788‌

3,319‌

Trex

Co

Inc

(e)

96,844‌

9,404‌

UFP

Industries

Inc

8,627‌

641‌

US

Concrete

Inc

(e)

223‌

16‌

$

76,181‌

Chemicals

-

1.44%

American

Vanguard

Corp

1,057‌

17‌

Amyris

Inc

(e)

2,941‌

43‌

Balchem

Corp

5,111‌

689‌

Cabot

Corp

8,892‌

490‌

Codexis

Inc

(e)

9,538‌

202‌

Danimer

Scientific

Inc

(e)

10,895‌

182‌

Element

Solutions

Inc

586,710‌

13,723‌

Ferro

Corp

(e)

10,817‌

225‌

Hawkins

Inc

2,023‌

73‌

HB

Fuller

Co

175,751‌

11,357‌

Ingevity

Corp

(e)

6,380‌

542‌

Innospec

Inc

1,207‌

107‌

Kronos

Worldwide

Inc

516‌

7‌

Marrone

Bio

Innovations

Inc

(e)

15,128‌

19‌

Orion

Engineered

Carbons

SA

(e)

9,601‌

174‌

Quaker

Chemical

Corp

57,630‌

14,508‌

Rogers

Corp

(e)

2,607‌

497‌

Sensient

Technologies

Corp

3,466‌

302‌

Stepan

Co

331‌

39‌

Zymergen

Inc

(e)

555‌

19‌

$

43,215‌

Coal

-

0.00%

Arch

Resources

Inc

(e)

474‌

31‌

Warrior

Met

Coal

Inc

779‌

15‌

$

46‌

Commercial

Services

-

5.92%

2U

Inc

(e)

9,605‌

417‌

Alarm.com

Holdings

Inc

(e)

7,495‌

624‌

Alta

Equipment

Group

Inc

(e)

550‌

7‌

AMN

Healthcare

Services

Inc

(e)

7,472‌

751‌

Arlo

Technologies

Inc

(e)

12,900‌

79‌

ASGN

Inc

(e)

7,338‌

742‌

Bright

Horizons

Family

Solutions

Inc

(e)

125,905‌

18,823‌

Brink's

Co/The

7,712‌

594‌

CAI

International

Inc

592‌

33‌

Carriage

Services

Inc

476‌

18‌

Cass

Information

Systems

Inc

349‌

15‌

Chegg

Inc

(e)

244,739‌

21,692‌

Cimpress

PLC

(e)

2,781‌

284‌

CorVel

Corp

(e)

1,399‌

197‌

CRA

International

Inc

950‌

81‌

Cross

Country

Healthcare

Inc

(e)

740‌

12‌

Custom

Truck

One

Source

Inc

(a),(e)

667‌

5‌

Driven

Brands

Holdings

Inc

(e)

464,597‌

14,783‌

EVERTEC

Inc

9,599‌

419‌

Evo

Payments

Inc

(e)

634,851‌

18,538‌

First

Advantage

Corp

(e)

139,213‌

2,730‌

Forrester

Research

Inc

(e)

1,791‌

84‌

Franklin

Covey

Co

(e)

1,977‌

72‌

FTI

Consulting

Inc

(e)

100,240‌

14,605‌

Green

Dot

Corp

(e)

848‌

39‌

GreenSky

Inc

(e)

11,742‌

77‌

Hackett

Group

Inc/The

3,644‌

65‌

HealthEquity

Inc

(e)

186,111‌

13,769‌

Heidrick

&

Struggles

International

Inc

1,319‌

56‌

Herc

Holdings

Inc

(e)

3,954‌

490‌

HireQuest

Inc

(a)

717‌

13‌

Schedule

of

Investments

SmallCap

Growth

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

223

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Commercial

Services

(continued)

Huron

Consulting

Group

Inc

(e)

347‌

$

17‌

Insperity

Inc

5,759‌

570‌

Kforce

Inc

3,256‌

203‌

LiveRamp

Holdings

Inc

(e)

117,090‌

4,685‌

Macquarie

Infrastructure

Corp

3,383‌

134‌

Marathon

Digital

Holdings

Inc

(a),(e)

907‌

25‌

Medifast

Inc

1,847‌

527‌

Monro

Inc

3,240‌

188‌

Multiplan

Corp

(e)

9,801‌

79‌

National

Research

Corp

2,218‌

117‌

Paya

Holdings

Inc

(e)

253,806‌

2,917‌

Priority

Technology

Holdings

Inc

(e)

1,595‌

10‌

PROG

Holdings

Inc

1,681‌

74‌

Progyny

Inc

(e)

179,561‌

10,000‌

R1

RCM

Inc

(e)

20,854‌

446‌

Rent-A-Center

Inc/TX

9,757‌

558‌

Repay

Holdings

Corp

(e)

107,581‌

2,680‌

Riot

Blockchain

Inc

(a),(e)

13,358‌

440‌

Shift4

Payments

Inc

(e)

149,564‌

13,340‌

ShotSpotter

Inc

(e)

1,344‌

61‌

SP

Plus

Corp

(e)

3,666‌

120‌

Stride

Inc

(e)

341‌

10‌

Terminix

Global

Holdings

Inc

(e)

243,095‌

12,763‌

Textainer

Group

Holdings

Ltd

(e)

1,025‌

33‌

Transcat

Inc

(e)

1,123‌

72‌

TriNet

Group

Inc

(e)

101,406‌

8,414‌

Viad

Corp

(e)

3,218‌

148‌

Vivint

Smart

Home

Inc

(e)

3,861‌

47‌

WEX

Inc

(e)

47,118‌

8,940‌

Willdan

Group

Inc

(e)

1,378‌

57‌

WW

International

Inc

(e)

2,554‌

79‌

$

177,868‌

Computers

-

3.65%

3D

Systems

Corp

(e)

17,543‌

483‌

Cantaloupe

Inc

(e)

176,949‌

1,829‌

Corsair

Gaming

Inc

(a),(e)

4,261‌

124‌

Desktop

Metal

Inc

(e)

10,477‌

94‌

Diebold

Nixdorf

Inc

(e)

11,402‌

119‌

ExlService

Holdings

Inc

(e)

5,206‌

589‌

ExOne

Co/The

(a),(e)

169‌

3‌

Genpact

Ltd

640,124‌

31,885‌

Grid

Dynamics

Holdings

Inc

(e)

4,866‌

102‌

iCAD

Inc

(e)

3,502‌

51‌

Insight

Enterprises

Inc

(e)

1,934‌

194‌

KBR

Inc

19,605‌

759‌

Maximus

Inc

9,720‌

865‌

Mitek

Systems

Inc

(e)

6,650‌

147‌

OneSpan

Inc

(e)

5,582‌

138‌

PAE

Inc

(e)

11,001‌

98‌

PAR

Technology

Corp

(e)

3,759‌

230‌

Ping

Identity

Holding

Corp

(e)

117,013‌

2,583‌

PlayAGS

Inc

(e)

4,352‌

34‌

Qualys

Inc

(e)

5,404‌

549‌

Rapid7

Inc

(e)

275,090‌

31,292‌

Rekor

Systems

Inc

(a),(e)

3,242‌

26‌

Rimini

Street

Inc

(e)

6,946‌

60‌

Super

Micro

Computer

Inc

(e)

109,524‌

4,166‌

Telos

Corp

(e)

2,735‌

77‌

Tenable

Holdings

Inc

(e)

14,377‌

615‌

TTEC

Holdings

Inc

2,932‌

306‌

Unisys

Corp

(e)

8,185‌

183‌

Varonis

Systems

Inc

(e)

516,181‌

31,590‌

Vocera

Communications

Inc

(e)

5,411‌

227‌

Vuzix

Corp

(a),(e)

9,298‌

138‌

$

109,556‌

Consumer

Products

-

0.05%

Central

Garden

&

Pet

Co

(e)

600‌

29‌

Central

Garden

&

Pet

Co

-

A

Shares

(e)

2,463‌

107‌

Helen

of

Troy

Ltd

(e)

3,876‌

866‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Consumer

Products

(continued)

WD-40

Co

2,166‌

$

526‌

$

1,528‌

Cosmetics

&

Personal

Care

-

0.06%

Beauty

Health

Co/The

(a),(e)

6,729‌

118‌

elf

Beauty

Inc

(e)

7,238‌

200‌

Honest

Co

Inc/The

(e)

92,133‌

1,324‌

Inter

Parfums

Inc

2,835‌

218‌

Revlon

Inc

(e)

57‌

1‌

$

1,861‌

Distribution

&

Wholesale

-

2.37%

Avient

Corp

187,646‌

9,105‌

Core-Mark

Holding

Co

Inc

2,260‌

97‌

EVI

Industries

Inc

(a),(e)

906‌

24‌

Global

Industrial

Co

1,559‌

62‌

H&E

Equipment

Services

Inc

67,849‌

2,309‌

IAA

Inc

(e)

427,869‌

25,878‌

Leslie's

Inc

(e)

282,383‌

6,876‌

Resideo

Technologies

Inc

(e)

2,681‌

79‌

SiteOne

Landscape

Supply

Inc

(e)

153,139‌

26,765‌

WESCO

International

Inc

(e)

1,250‌

133‌

$

71,328‌

Diversified

Financial

Services

-

2.04%

Artisan

Partners

Asset

Management

Inc

9,276‌

446‌

Atlanticus

Holdings

Corp

(e)

903‌

39‌

Blucora

Inc

(e)

2,843‌

48‌

Brightsphere

Investment

Group

Inc

9,190‌

230‌

Cohen

&

Steers

Inc

3,942‌

328‌

Columbia

Financial

Inc

(e)

2,317‌

42‌

Curo

Group

Holdings

Corp

3,338‌

53‌

Focus

Financial

Partners

Inc

(e)

8,188‌

420‌

GAMCO

Investors

Inc

740‌

20‌

GCM

Grosvenor

Inc

4,629‌

46‌

Greenhill

&

Co

Inc

2,327‌

37‌

Hamilton

Lane

Inc

23,119‌

2,150‌

Hannon

Armstrong

Sustainable

Infrastructure

Capital

Inc

67,275‌

3,821‌

Houlihan

Lokey

Inc

230,412‌

20,530‌

I3

Verticals

Inc

(e)

3,310‌

106‌

International

Money

Express

Inc

(e)

5,110‌

83‌

LendingTree

Inc

(e)

1,842‌

360‌

Moelis

&

Co

191,229‌

11,330‌

PJT

Partners

Inc

3,209‌

251‌

Pzena

Investment

Management

Inc

2,731‌

31‌

Regional

Management

Corp

510‌

26‌

StepStone

Group

Inc

134,156‌

6,105‌

Stifel

Financial

Corp

215,806‌

14,360‌

StoneX

Group

Inc

(e)

230‌

15‌

Virtus

Investment

Partners

Inc

1,157‌

319‌

WisdomTree

Investments

Inc

16,521‌

102‌

$

61,298‌

Electric

-

0.18%

Ameresco

Inc

(e)

67,494‌

4,626‌

Clearway

Energy

Inc

-

Class

A

1,387‌

37‌

Clearway

Energy

Inc

-

Class

C

3,264‌

94‌

Evoqua

Water

Technologies

Corp

(e)

18,337‌

605‌

FTC

Solar

Inc

(e)

3,014‌

31‌

Spark

Energy

Inc

1,641‌

18‌

$

5,411‌

Electrical

Components

&

Equipment

-

1.36%

Blink

Charging

Co

(a),(e)

5,785‌

200‌

Energizer

Holdings

Inc

10,787‌

462‌

EnerSys

742‌

73‌

Insteel

Industries

Inc

256‌

10‌

Littelfuse

Inc

90,040‌

23,950‌

nLight

Inc

(e)

6,740‌

234‌

Novanta

Inc

(e)

112,682‌

15,821‌

$

40,750‌

Schedule

of

Investments

SmallCap

Growth

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

224

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Electronics

-

0.98%

Advanced

Energy

Industries

Inc

6,098‌

$

633‌

Akoustis

Technologies

Inc

(a),(e)

6,887‌

67‌

Allied

Motion

Technologies

Inc

1,702‌

56‌

Atkore

Inc

(e)

7,448‌

559‌

Badger

Meter

Inc

4,630‌

468‌

FARO

Technologies

Inc

(e)

57,506‌

4,191‌

Fluidigm

Corp

(a),(e)

791‌

6‌

GoPro

Inc

(e)

19,786‌

203‌

Identiv

Inc

(e)

3,041‌

49‌

II-VI

Inc

(e)

213,099‌

14,876‌

Itron

Inc

(e)

5,887‌

581‌

Kimball

Electronics

Inc

(e)

200‌

4‌

Luna

Innovations

Inc

(e)

4,828‌

60‌

MicroVision

Inc

(a),(e)

25,087‌

345‌

Napco

Security

Technologies

Inc

(e)

2,299‌

81‌

NVE

Corp

717‌

54‌

OSI

Systems

Inc

(e)

278‌

28‌

Plexus

Corp

(e)

3,974‌

359‌

Stoneridge

Inc

(e)

604‌

17‌

Turtle

Beach

Corp

(e)

1,935‌

60‌

Vicor

Corp

(e)

3,362‌

389‌

Vishay

Intertechnology

Inc

2,916‌

65‌

Woodward

Inc

51,525‌

6,263‌

$

29,414‌

Energy

-

Alternate

Sources

-

0.31%

Advent

Technologies

Holdings

Inc

(a),(e)

1,966‌

15‌

Array

Technologies

Inc

(e)

4,735‌

64‌

Beam

Global

(a),(e)

1,196‌

37‌

Eos

Energy

Enterprises

Inc

(a),(e)

2,783‌

43‌

FuelCell

Energy

Inc

(a),(e)

39,722‌

251‌

Shoals

Technologies

Group

Inc

(e)

275,732‌

8,021‌

Stem

Inc

(e)

9,923‌

269‌

Sunnova

Energy

International

Inc

(e)

2,005‌

76‌

SunPower

Corp

(e)

10,075‌

250‌

TPI

Composites

Inc

(e)

5,661‌

222‌

$

9,248‌

Engineering

&

Construction

-

0.84%

908

Devices

Inc

(e)

1,148‌

36‌

Atlas

Technical

Consultants

Inc

(e)

374‌

3‌

Comfort

Systems

USA

Inc

5,650‌

422‌

Construction

Partners

Inc

(e)

4,513‌

152‌

Dycom

Industries

Inc

(e)

3,849‌

267‌

EMCOR

Group

Inc

858‌

105‌

Exponent

Inc

8,231‌

881‌

IES

Holdings

Inc

(e)

1,374‌

75‌

Infrastructure

and

Energy

Alternatives

Inc

(e)

1,290‌

16‌

Iteris

Inc

(e)

6,609‌

41‌

Latham

Group

Inc

(e)

141,071‌

3,848‌

MYR

Group

Inc

(e)

1,958‌

187‌

NV5

Global

Inc

(e)

61,107‌

5,806‌

Sterling

Construction

Co

Inc

(e)

834‌

18‌

TopBuild

Corp

(e)

61,606‌

12,487‌

WillScot

Mobile

Mini

Holdings

Corp

(e)

29,609‌

850‌

$

25,194‌

Entertainment

-

1.41%

Accel

Entertainment

Inc

(e)

8,994‌

99‌

Bally's

Corp

(e)

5,175‌

255‌

Chicken

Soup

For

The

Soul

Entertainment

Inc

(e)

463‌

17‌

Churchill

Downs

Inc

104,408‌

19,399‌

Cinemark

Holdings

Inc

(e)

179,698‌

2,791‌

Esports

Technologies

Inc

(e)

387‌

9‌

Everi

Holdings

Inc

(e)

448,512‌

10,176‌

GAN

Ltd

(e)

680‌

10‌

Golden

Entertainment

Inc

(e)

2,683‌

122‌

Golden

Nugget

Online

Gaming

Inc

(e)

5,056‌

58‌

IMAX

Corp

(e)

732‌

12‌

International

Game

Technology

PLC

(e)

15,843‌

297‌

Liberty

Media

Corp-Liberty

Braves

-

A

Shares

(e)

1,587‌

42‌

Liberty

Media

Corp-Liberty

Braves

-

C

Shares

(e)

5,789‌

153‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Entertainment

(continued)

Monarch

Casino

&

Resort

Inc

(e)

1,671‌

$

107‌

NEOGAMES

SA

(e)

885‌

43‌

RCI

Hospitality

Holdings

Inc

1,325‌

83‌

Red

Rock

Resorts

Inc

(e)

9,770‌

385‌

Rush

Street

Interactive

Inc

(e)

8,291‌

82‌

Scientific

Games

Corp

(e)

15,238‌

940‌

SeaWorld

Entertainment

Inc

(e)

152,339‌

7,223‌

$

42,303‌

Environmental

Control

-

2.12%

Casella

Waste

Systems

Inc

(e)

7,182‌

494‌

Covanta

Holding

Corp

18,981‌

382‌

Energy

Recovery

Inc

(e)

6,682‌

141‌

Harsco

Corp

(e)

5,236‌

105‌

Heritage-Crystal

Clean

Inc

(e)

958‌

27‌

Montrose

Environmental

Group

Inc

(e)

121,855‌

6,542‌

Pure

Cycle

Corp

(e)

2,713‌

42‌

PureCycle

Technologies

Inc

(a),(e)

5,219‌

77‌

Sharps

Compliance

Corp

(e)

2,055‌

21‌

Tetra

Tech

Inc

223,644‌

29,861‌

US

Ecology

Inc

(e)

524‌

18‌

Waste

Connections

Inc

205,524‌

26,038‌

$

63,748‌

Food

-

1.66%

AquaBounty

Technologies

Inc

(e)

2,658‌

13‌

BellRing

Brands

Inc

(e)

315,688‌

10,440‌

Calavo

Growers

Inc

2,715‌

153‌

Chefs'

Warehouse

Inc/The

(e)

220,726‌

6,383‌

Hain

Celestial

Group

Inc/The

(e)

221,375‌

8,835‌

J

&

J

Snack

Foods

Corp

2,337‌

384‌

John

B

Sanfilippo

&

Son

Inc

933‌

86‌

Laird

Superfood

Inc

(a),(e)

681‌

19‌

Lancaster

Colony

Corp

2,642‌

523‌

Nathan's

Famous

Inc

317‌

20‌

Performance

Food

Group

Co

(e)

20,908‌

958‌

Sanderson

Farms

Inc

2,759‌

516‌

Simply

Good

Foods

Co/The

(e)

558,464‌

20,931‌

Sprouts

Farmers

Market

Inc

(e)

8,389‌

206‌

Tattooed

Chef

Inc

(a),(e)

7,409‌

146‌

United

Natural

Foods

Inc

(e)

532‌

18‌

Utz

Brands

Inc

9,342‌

212‌

$

49,843‌

Food

Service

-

0.00%

Healthcare

Services

Group

Inc

6,237‌

163‌

Hand

&

Machine

Tools

-

0.39%

Franklin

Electric

Co

Inc

7,350‌

601‌

Luxfer

Holdings

PLC

1,938‌

40‌

MSA

Safety

Inc

67,224‌

11,057‌

$

11,698‌

Healthcare

-

Products

-

5.61%

Accelerate

Diagnostics

Inc

(e)

5,228‌

39‌

Accuray

Inc

(e)

14,656‌

60‌

Acutus

Medical

Inc

(e)

2,461‌

38‌

Alphatec

Holdings

Inc

(e)

10,033‌

148‌

Apria

Inc

(e)

553‌

17‌

Apyx

Medical

Corp

(e)

4,941‌

45‌

Asensus

Surgical

Inc

(a),(e)

11,445‌

27‌

Aspira

Women's

Health

Inc

(e)

11,520‌

52‌

AtriCure

Inc

(e)

320,265‌

27,050‌

Atrion

Corp

226‌

142‌

Avita

Medical

Inc

(a),(e)

3,783‌

70‌

Axogen

Inc

(e)

6,044‌

123‌

Axonics

Inc

(e)

6,596‌

448‌

BioLife

Solutions

Inc

(e)

3,868‌

181‌

Bionano

Genomics

Inc

(a),(e)

44,565‌

264‌

Bioventus

Inc

(e)

992‌

16‌

Bruker

Corp

171,418‌

14,099‌

Butterfly

Network

Inc

(e)

5,149‌

55‌

Cardiovascular

Systems

Inc

(e)

6,229‌

251‌

CareDx

Inc

(e)

7,930‌

666‌

Schedule

of

Investments

SmallCap

Growth

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

225

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Healthcare

-

Products

(continued)

Castle

Biosciences

Inc

(e)

3,104‌

$

217‌

Celcuity

Inc

(e)

1,263‌

25‌

Cerus

Corp

(e)

26,650‌

134‌

ClearPoint

Neuro

Inc

(a),(e)

2,981‌

66‌

CONMED

Corp

4,603‌

635‌

CryoLife

Inc

(e)

5,350‌

144‌

Cutera

Inc

(e)

2,789‌

145‌

CVRx

Inc

(e)

103,990‌

2,053‌

CytoSorbents

Corp

(e)

6,533‌

50‌

DermTech

Inc

(e)

3,757‌

126‌

Eargo

Inc

(a),(e)

226,595‌

8,157‌

Establishment

Labs

Holdings

Inc

(e)

199,197‌

15,794‌

Glaukos

Corp

(e)

7,123‌

363‌

Haemonetics

Corp

(e)

5,461‌

332‌

Hanger

Inc

(e)

5,943‌

146‌

Inari

Medical

Inc

(e)

194,080‌

17,427‌

InfuSystem

Holdings

Inc

(e)

2,743‌

50‌

Inogen

Inc

(e)

3,097‌

247‌

Inspire

Medical

Systems

Inc

(e)

4,263‌

781‌

Integer

Holdings

Corp

(e)

58,668‌

5,743‌

Intersect

ENT

Inc

(e)

5,276‌

123‌

iRadimed

Corp

(e)

1,005‌

34‌

iRhythm

Technologies

Inc

(e)

4,677‌

239‌

Lantheus

Holdings

Inc

(e)

1,549‌

41‌

LeMaitre

Vascular

Inc

2,847‌

155‌

LivaNova

PLC

(e)

6,267‌

541‌

Meridian

Bioscience

Inc

(e)

724‌

15‌

Merit

Medical

Systems

Inc

(e)

120,556‌

8,449‌

MiMedx

Group

Inc

(e)

11,757‌

144‌

Misonix

Inc

(e)

952‌

25‌

NanoString

Technologies

Inc

(e)

6,614‌

410‌

Neogen

Corp

(e)

16,018‌

698‌

NeuroPace

Inc

(e)

1,055‌

23‌

Nevro

Corp

(e)

44,544‌

6,904‌

NuVasive

Inc

(e)

8,210‌

525‌

Omnicell

Inc

(e)

6,818‌

999‌

OrthoPediatrics

Corp

(e)

145,613‌

9,150‌

Patterson

Cos

Inc

3,449‌

107‌

PAVmed

Inc

(e)

11,387‌

78‌

Pulmonx

Corp

(e)

4,025‌

160‌

Pulse

Biosciences

Inc

(a),(e)

2,292‌

47‌

Quanterix

Corp

(e)

4,891‌

260‌

Quotient

Ltd

(e)

12,948‌

44‌

Repligen

Corp

(e)

58,842‌

14,458‌

Retractable

Technologies

Inc

(a),(e)

2,747‌

32‌

SeaSpine

Holdings

Corp

(e)

174,286‌

3,414‌

Shockwave

Medical

Inc

(e)

5,347‌

973‌

SI-BONE

Inc

(e)

179,216‌

5,438‌

Sientra

Inc

(e)

7,956‌

66‌

Silk

Road

Medical

Inc

(e)

156,803‌

7,869‌

Soliton

Inc

(e)

1,468‌

32‌

STAAR

Surgical

Co

(e)

7,450‌

953‌

Stereotaxis

Inc

(e)

7,685‌

70‌

Surmodics

Inc

(e)

2,146‌

118‌

Tactile

Systems

Technology

Inc

(e)

3,040‌

149‌

Treace

Medical

Concepts

Inc

(e)

300,496‌

9,093‌

Utah

Medical

Products

Inc

63‌

6‌

Varex

Imaging

Corp

(e)

772‌

21‌

ViewRay

Inc

(e)

21,583‌

143‌

Wright

Medical

Group

-

Escrow

(e),(f)

18,925‌

—‌

Zynex

Inc

(a),(e)

3,085‌

43‌

$

168,475‌

Healthcare

-

Services

-

4.16%

Accolade

Inc

(e)

156,421‌

7,322‌

Addus

HomeCare

Corp

(e)

1,042‌

90‌

Agiliti

Inc

(e)

3,581‌

70‌

agilon

health

Inc

(a),(e)

391,765‌

14,413‌

Aveanna

Healthcare

Holdings

Inc

(e)

6,114‌

63‌

Catalent

Inc

(e)

176,803‌

21,183‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Healthcare

-

Services

(continued)

Charles

River

Laboratories

International

Inc

(e)

82,005‌

$

33,370‌

Community

Health

Systems

Inc

(e)

17,128‌

228‌

Encompass

Health

Corp

120,691‌

10,048‌

Ensign

Group

Inc/The

8,328‌

708‌

Fulgent

Genetics

Inc

(a),(e)

398‌

37‌

Innovage

Holding

Corp

(e)

2,904‌

49‌

Inotiv

Inc

(e)

2,052‌

54‌

Invitae

Corp

(e)

8,161‌

228‌

Joint

Corp/The

(e)

2,170‌

171‌

LHC

Group

Inc

(e)

86,030‌

18,511‌

LifeStance

Health

Group

Inc

(e)

231,267‌

5,481‌

MEDNAX

Inc

(e)

6,405‌

187‌

Medpace

Holdings

Inc

(e)

4,596‌

809‌

ModivCare

Inc

(e)

653‌

111‌

Neuronetics

Inc

(e)

3,546‌

47‌

Oak

Street

Health

Inc

(e)

148,595‌

9,367‌

Ontrak

Inc

(a),(e)

1,426‌

39‌

Ortho

Clinical

Diagnostics

Holdings

PLC

(e)

14,020‌

315‌

Pennant

Group

Inc/The

(e)

4,063‌

139‌

Personalis

Inc

(e)

439‌

9‌

RadNet

Inc

(e)

7,091‌

261‌

Select

Medical

Holdings

Corp

17,509‌

691‌

SOC

Telemed

Inc

(e)

4,907‌

23‌

Surgery

Partners

Inc

(e)

5,022‌

274‌

Tenet

Healthcare

Corp

(e)

2,004‌

144‌

Tivity

Health

Inc

(e)

4,107‌

103‌

US

Physical

Therapy

Inc

2,027‌

240‌

Vapotherm

Inc

(e)

3,605‌

93‌

Viemed

Healthcare

Inc

(e)

906‌

6‌

$

124,884‌

Home

Builders

-

0.81%

Cavco

Industries

Inc

(e)

1,034‌

243‌

Century

Communities

Inc

3,074‌

213‌

Forestar

Group

Inc

(e)

663‌

14‌

Green

Brick

Partners

Inc

(e)

1,383‌

35‌

Installed

Building

Products

Inc

24,791‌

2,975‌

KB

Home

2,573‌

109‌

LCI

Industries

3,929‌

573‌

LGI

Homes

Inc

(e)

3,517‌

601‌

MDC

Holdings

Inc

2,466‌

131‌

Meritage

Homes

Corp

(e)

352‌

38‌

Skyline

Champion

Corp

(e)

258,166‌

14,561‌

Taylor

Morrison

Home

Corp

(e)

2,388‌

64‌

Tri

Pointe

Homes

Inc

(e)

1,436‌

35‌

Winnebago

Industries

Inc

64,436‌

4,631‌

$

24,223‌

Home

Furnishings

-

0.75%

Aterian

Inc

(e)

3,135‌

28‌

Casper

Sleep

Inc

(e)

4,601‌

32‌

Hamilton

Beach

Brands

Holding

Co

499‌

9‌

Hooker

Furniture

Corp

84‌

3‌

iRobot

Corp

(e)

4,027‌

352‌

Kopin

Corp

(e)

12,296‌

83‌

Lovesac

Co/The

(e)

145,183‌

8,813‌

Purple

Innovation

Inc

(e)

7,956‌

210‌

Sleep

Number

Corp

(e)

123,879‌

12,290‌

Sonos

Inc

(e)

19,054‌

636‌

$

22,456‌

Insurance

-

1.68%

BRP

Group

Inc

(e)

302,078‌

8,235‌

eHealth

Inc

(e)

1,147‌

60‌

Goosehead

Insurance

Inc

441‌

53‌

Heritage

Insurance

Holdings

Inc

269‌

2‌

Investors

Title

Co

22‌

4‌

James

River

Group

Holdings

Ltd

863‌

31‌

Kinsale

Capital

Group

Inc

3,409‌

609‌

NMI

Holdings

Inc

(e)

789‌

17‌

Palomar

Holdings

Inc

(e)

111,058‌

9,043‌

RLI

Corp

5,868‌

636‌

Schedule

of

Investments

SmallCap

Growth

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

226

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Insurance

(continued)

Ryan

Specialty

Group

Holdings

Inc

(e)

334,014‌

$

9,854‌

Selectquote

Inc

(e)

21,235‌

378‌

Trean

Insurance

Group

Inc

(e)

212,016‌

2,860‌

Trupanion

Inc

(e)

162,462‌

18,686‌

$

50,468‌

Internet

-

3.77%

1-800-Flowers.com

Inc

(e)

4,224‌

129‌

Anaplan

Inc

(e)

21,105‌

1,207‌

Angi

Inc

(e)

1,089,121‌

12,536‌

Cargurus

Inc

(e)

14,717‌

421‌

CarParts.com

Inc

(e)

7,507‌

132‌

Cars.com

Inc

(e)

1,370‌

17‌

ChannelAdvisor

Corp

(e)

3,263‌

76‌

Cogent

Communications

Holdings

Inc

272,698‌

21,165‌

Couchbase

Inc

(e)

93,390‌

2,817‌

Digital

Media

Solutions

Inc

(a),(e)

242‌

2‌

Eventbrite

Inc

(e)

11,892‌

211‌

EverQuote

Inc

(e)

145,405‌

4,388‌

Figs

Inc

(e)

214,697‌

7,815‌

fuboTV

Inc

(a),(e)

20,834‌

543‌

Groupon

Inc

(e)

3,158‌

115‌

HyreCar

Inc

(e)

2,777‌

49‌

Liquidity

Services

Inc

(e)

4,201‌

83‌

LiveXLive

Media

Inc

(a),(e)

8,394‌

30‌

Magnite

Inc

(e)

16,642‌

504‌

MakeMyTrip

Ltd

(e)

313,248‌

8,915‌

MediaAlpha

Inc

(e)

158,874‌

5,307‌

Mimecast

Ltd

(e)

240,934‌

13,384‌

Open

Lending

Corp

(e)

16,521‌

628‌

Overstock.com

Inc

(e)

6,813‌

474‌

Perficient

Inc

(e)

117,593‌

11,087‌

Q2

Holdings

Inc

(e)

55,217‌

5,704‌

QuinStreet

Inc

(e)

7,865‌

144‌

RealReal

Inc/The

(e)

432,582‌

7,142‌

Revolve

Group

Inc

(e)

3,580‌

249‌

Shutterstock

Inc

3,710‌

402‌

Stamps.com

Inc

(e)

1,910‌

624‌

Stitch

Fix

Inc

(e)

9,363‌

505‌

TechTarget

Inc

(e)

4,046‌

296‌

Tucows

Inc

(a),(e)

1,494‌

116‌

Upwork

Inc

(e)

18,480‌

957‌

Vimeo

Inc

(e)

107,418‌

4,812‌

Yelp

Inc

(e)

10,645‌

398‌

Zix

Corp

(e)

8,477‌

63‌

$

113,447‌

Investment

Companies

-

0.06%

Altus

Midstream

Co

43‌

3‌

Trinity

Capital

Inc

125,810‌

1,795‌

$

1,798‌

Iron

&

Steel

-

0.01%

Allegheny

Technologies

Inc

(e)

12,292‌

252‌

Schnitzer

Steel

Industries

Inc

326‌

17‌

$

269‌

Leisure

Products

&

Services

-

1.18%

Acushnet

Holdings

Corp

1,626‌

83‌

Camping

World

Holdings

Inc

6,764‌

266‌

Clarus

Corp

338,187‌

9,645‌

Drive

Shack

Inc

(e)

6,039‌

15‌

Escalade

Inc

424‌

10‌

Johnson

Outdoors

Inc

515‌

61‌

Liberty

TripAdvisor

Holdings

Inc

(e)

8,911‌

37‌

Lindblad

Expeditions

Holdings

Inc

(e)

200,692‌

2,748‌

Malibu

Boats

Inc

(e)

3,286‌

275‌

Marine

Products

Corp

1,235‌

20‌

MasterCraft

Boat

Holdings

Inc

(e)

2,980‌

80‌

Nautilus

Inc

(e)

1,192‌

17‌

OneSpaWorld

Holdings

Ltd

(e)

4,146‌

41‌

OneWater

Marine

Inc

1,627‌

76‌

Planet

Fitness

Inc

(e)

192,007‌

14,445‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Leisure

Products

&

Services

(continued)

YETI

Holdings

Inc

(e)

79,062‌

$

7,616‌

$

35,435‌

Lodging

-

0.71%

Century

Casinos

Inc

(e)

4,315‌

48‌

Choice

Hotels

International

Inc

76,086‌

9,123‌

Diamond

Resorts

International

-

Escrow

(e),(f)

8,392‌

—‌

Full

House

Resorts

Inc

(e)

5,184‌

43‌

Hilton

Grand

Vacations

Inc

(e)

301,130‌

12,247‌

Target

Hospitality

Corp

(e)

2,723‌

10‌

$

21,471‌

Machinery

-

Construction

&

Mining

-

0.03%

Babcock

&

Wilcox

Enterprises

Inc

(e)

2,493‌

18‌

Bloom

Energy

Corp

(e)

22,063‌

481‌

Terex

Corp

10,844‌

520‌

$

1,019‌

Machinery

-

Diversified

-

2.97%

AgEagle

Aerial

Systems

Inc

(e)

6,746‌

27‌

Alamo

Group

Inc

1,398‌

205‌

Albany

International

Corp

978‌

84‌

Altra

Industrial

Motion

Corp

90,210‌

5,654‌

Applied

Industrial

Technologies

Inc

6,151‌

552‌

Cactus

Inc

169,528‌

6,110‌

Chart

Industries

Inc

(e)

181,376‌

28,195‌

CIRCOR

International

Inc

(e)

2,918‌

90‌

CSW

Industrials

Inc

2,170‌

257‌

Eastman

Kodak

Co

(a),(e)

6,711‌

49‌

Gorman-Rupp

Co/The

629‌

22‌

GrafTech

International

Ltd

23,904‌

272‌

Hydrofarm

Holdings

Group

Inc

(e)

275,143‌

13,575‌

Ichor

Holdings

Ltd

(e)

2,872‌

148‌

IDEX

Corp

21,366‌

4,843‌

Kadant

Inc

1,826‌

329‌

Lindsay

Corp

1,561‌

251‌

Middleby

Corp/The

(e)

76,240‌

14,599‌

Mueller

Water

Products

Inc

-

Class

A

1,673‌

25‌

Ranpak

Holdings

Corp

(e)

498,776‌

12,779‌

SPX

FLOW

Inc

549‌

45‌

Tennant

Co

2,928‌

232‌

Watts

Water

Technologies

Inc

2,438‌

368‌

Welbilt

Inc

(e)

20,714‌

487‌

$

89,198‌

Media

-

0.03%

AMC

Networks

Inc

(e)

2,352‌

118‌

CuriosityStream

Inc

(a),(e)

732‌

8‌

Houghton

Mifflin

Harcourt

Co

(e)

18,914‌

214‌

iHeartMedia

Inc

(e)

8,091‌

209‌

Meredith

Corp

(e)

3,990‌

174‌

Sinclair

Broadcast

Group

Inc

1,122‌

32‌

Thryv

Holdings

Inc

(e)

831‌

28‌

Value

Line

Inc

109‌

3‌

WideOpenWest

Inc

(e)

5,191‌

115‌

$

901‌

Metal

Fabrication

&

Hardware

-

0.22%

Helios

Technologies

Inc

5,125‌

414‌

Lawson

Products

Inc/DE

(e)

755‌

40‌

Mueller

Industries

Inc

3,446‌

150‌

Omega

Flex

Inc

493‌

77‌

Proto

Labs

Inc

(e)

707‌

55‌

RBC

Bearings

Inc

(e)

558‌

131‌

Rexnord

Corp

10,038‌

565‌

Ryerson

Holding

Corp

1,649‌

26‌

Tredegar

Corp

3,376‌

44‌

Valmont

Industries

Inc

21,986‌

5,210‌

$

6,712‌

Mining

-

0.07%

Century

Aluminum

Co

(e)

451‌

7‌

Coeur

Mining

Inc

(e)

26,190‌

197‌

Compass

Minerals

International

Inc

5,422‌

372‌

Schedule

of

Investments

SmallCap

Growth

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

227

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Mining

(continued)

Energy

Fuels

Inc/Canada

(a),(e)

19,214‌

$

101‌

Gatos

Silver

Inc

(a),(e)

4,606‌

63‌

Hecla

Mining

Co

24,849‌

166‌

Kaiser

Aluminum

Corp

308‌

38‌

Livent

Corp

(e)

23,294‌

454‌

MP

Materials

Corp

(a),(e)

11,559‌

435‌

Novagold

Resources

Inc

(e)

37,583‌

294‌

Perpetua

Resources

Corp

(e)

4,068‌

23‌

PolyMet

Mining

Corp

(e)

1,560‌

5‌

United

States

Lime

&

Minerals

Inc

10‌

1‌

Uranium

Energy

Corp

(e)

33,695‌

73‌

Ur-Energy

Inc

(e)

26,578‌

30‌

$

2,259‌

Miscellaneous

Manufacturers

-

2.09%

AMMO

Inc

(e)

10,444‌

71‌

Axon

Enterprise

Inc

(e)

70,486‌

13,112‌

Byrna

Technologies

Inc

(e)

1,679‌

40‌

Chase

Corp

306‌

36‌

Enerpac

Tool

Group

Corp

9,574‌

246‌

ESCO

Technologies

Inc

343‌

32‌

Fabrinet

(e)

5,040‌

476‌

Federal

Signal

Corp

9,549‌

378‌

Hillenbrand

Inc

6,541‌

296‌

ITT

Inc

138,990‌

13,609‌

John

Bean

Technologies

Corp

195,792‌

28,699‌

Lydall

Inc

(e)

1,242‌

76‌

Materion

Corp

1,258‌

90‌

Meta

Materials

Inc

(a),(e)

9,757‌

34‌

Myers

Industries

Inc

2,673‌

57‌

Raven

Industries

Inc

(e)

5,653‌

329‌

Sight

Sciences

Inc

(e)

121,885‌

4,506‌

Smith

&

Wesson

Brands

Inc

8,425‌

198‌

Sturm

Ruger

&

Co

Inc

2,531‌

188‌

Trinseo

SA

6,168‌

335‌

$

62,808‌

Office

&

Business

Equipment

-

0.01%

Pitney

Bowes

Inc

27,866‌

223‌

Office

Furnishings

-

0.00%

HNI

Corp

718‌

27‌

Interface

Inc

2,046‌

29‌

$

56‌

Oil

&

Gas

-

0.50%

Antero

Resources

Corp

(e)

5,487‌

75‌

Callon

Petroleum

Co

(e)

5,475‌

215‌

Centennial

Resource

Development

Inc/DE

(e)

3,489‌

18‌

Contango

Oil

&

Gas

Co

(a),(e)

23,270‌

89‌

Denbury

Inc

(e)

7,995‌

525‌

Earthstone

Energy

Inc

(e)

651‌

6‌

Extraction

Oil

&

Gas

Inc

(e)

986‌

44‌

Falcon

Minerals

Corp

5,230‌

25‌

Kosmos

Energy

Ltd

(e)

64,306‌

149‌

Laredo

Petroleum

Inc

(e)

542‌

30‌

Magnolia

Oil

&

Gas

Corp

22,060‌

309‌

Matador

Resources

Co

398,656‌

12,318‌

Oasis

Petroleum

Inc

2,722‌

250‌

Ovintiv

Inc

2,326‌

60‌

Par

Pacific

Holdings

Inc

(e)

6,040‌

99‌

Riley

Exploration

Permian

Inc

99‌

2‌

Southwestern

Energy

Co

(e)

107,380‌

506‌

Talos

Energy

Inc

(e)

860‌

10‌

Tellurian

Inc

(e)

50,222‌

189‌

Vine

Energy

Inc

(e)

3,268‌

46‌

$

14,965‌

Oil

&

Gas

Services

-

0.15%

ChampionX

Corp

(e)

178,299‌

4,144‌

DMC

Global

Inc

(e)

2,945‌

129‌

Frank's

International

NV

(e)

3,770‌

10‌

Liberty

Oilfield

Services

Inc

(e)

4,760‌

48‌

NexTier

Oilfield

Solutions

Inc

(e)

2,806‌

11‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Oil

&

Gas

Services

(continued)

Solaris

Oilfield

Infrastructure

Inc

1,360‌

$

12‌

TETRA

Technologies

Inc

(e)

14,987‌

46‌

$

4,400‌

Packaging

&

Containers

-

0.01%

Greif

Inc

-

Class

A

582‌

35‌

Greif

Inc

-

Class

B

134‌

8‌

Karat

Packaging

Inc

(e)

694‌

16‌

O-I

Glass

Inc

(e)

25,035‌

370‌

UFP

Technologies

Inc

(e)

81‌

5‌

$

434‌

Pharmaceuticals

-

3.02%

Aclaris

Therapeutics

Inc

(e)

6,879‌

103‌

AdaptHealth

Corp

(e)

141,444‌

3,167‌

Aduro

Biotech

(e)

1,565‌

—‌

Aerie

Pharmaceuticals

Inc

(e)

6,707‌

106‌

Akebia

Therapeutics

Inc

(e)

10,828‌

27‌

Alector

Inc

(e)

9,126‌

219‌

Alkermes

PLC

(e)

25,414‌

657‌

Allovir

Inc

(e)

126,741‌

2,425‌

Amneal

Pharmaceuticals

Inc

(e)

15,800‌

78‌

Amphastar

Pharmaceuticals

Inc

(e)

1,771‌

37‌

Ampio

Pharmaceuticals

Inc

(e)

30,221‌

43‌

Antares

Pharma

Inc

(e)

26,447‌

116‌

Artana

Therapeutics

(e),(f)

6,221‌

—‌

Arvinas

Inc

(e)

85,197‌

8,613‌

Athenex

Inc

(e)

8,059‌

30‌

Beyondspring

Inc

(a),(e)

386,823‌

3,683‌

BioDelivery

Sciences

International

Inc

(e)

14,756‌

56‌

Bioxcel

Therapeutics

Inc

(e)

118,814‌

3,041‌

Cassava

Sciences

Inc

(e)

6,062‌

422‌

Chimerix

Inc

(e)

8,292‌

55‌

Clovis

Oncology

Inc

(a),(e)

15,783‌

76‌

Coherus

Biosciences

Inc

(e)

308,486‌

4,026‌

Collegium

Pharmaceutical

Inc

(e)

176,924‌

4,404‌

Corcept

Therapeutics

Inc

(e)

15,319‌

318‌

CorMedix

Inc

(e)

570‌

3‌

Covetrus

Inc

(e)

98,909‌

2,518‌

Cytokinetics

Inc

(e)

11,406‌

339‌

Dova

Pharmaceuticals

Inc

(e),(f)

1,117‌

—‌

Durect

Corp

(e)

35,907‌

51‌

Eagle

Pharmaceuticals

Inc/DE

(e)

862‌

40‌

Enanta

Pharmaceuticals

Inc

(e)

281‌

12‌

Flexion

Therapeutics

Inc

(e)

7,632‌

45‌

Foghorn

Therapeutics

Inc

(e)

466‌

4‌

Fortress

Biotech

Inc

(e)

11,130‌

35‌

G1

Therapeutics

Inc

(e)

3,659‌

63‌

Harmony

Biosciences

Holdings

Inc

(e)

3,541‌

93‌

Harpoon

Therapeutics

Inc

(e)

2,964‌

29‌

Heron

Therapeutics

Inc

(e)

14,637‌

181‌

Heska

Corp

(e)

1,518‌

365‌

Hookipa

Pharma

Inc

(e)

1,762‌

14‌

Ideaya

Biosciences

Inc

(e)

1,067‌

26‌

Intellia

Therapeutics

Inc

(e)

96,032‌

13,622‌

Ironwood

Pharmaceuticals

Inc

(e)

23,016‌

305‌

Kala

Pharmaceuticals

Inc

(a),(e)

4,901‌

17‌

KalVista

Pharmaceuticals

Inc

(e)

103,041‌

2,075‌

Landos

Biopharma

Inc

(e)

920‌

10‌

Madrigal

Pharmaceuticals

Inc

(e)

1,800‌

157‌

MannKind

Corp

(a),(e)

864,355‌

3,544‌

Marinus

Pharmaceuticals

Inc

(e)

5,852‌

86‌

Mirum

Pharmaceuticals

Inc

(e)

255‌

4‌

Morphic

Holding

Inc

(e)

3,286‌

189‌

Neoleukin

Therapeutics

Inc

(e)

1,318‌

9‌

Neurocrine

Biosciences

Inc

(e)

93,376‌

8,704‌

NexImmune

Inc

(e)

726‌

8‌

Ocugen

Inc

(a),(e)

29,256‌

196‌

Ocular

Therapeutix

Inc

(e)

221,420‌

2,438‌

Oramed

Pharmaceuticals

Inc

(a),(e)

4,231‌

60‌

ORIC

Pharmaceuticals

Inc

(e)

215,886‌

3,595‌

Schedule

of

Investments

SmallCap

Growth

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

228

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Pharmaceuticals

(continued)

Outlook

Therapeutics

Inc

(e)

13,903‌

$

31‌

Owens

&

Minor

Inc

9,493‌

439‌

Pacira

BioSciences

Inc

(e)

6,918‌

408‌

Paratek

Pharmaceuticals

Inc

(e)

7,201‌

37‌

Passage

Bio

Inc

(e)

122,835‌

1,449‌

PetIQ

Inc

(e)

4,183‌

148‌

Phibro

Animal

Health

Corp

3,291‌

78‌

PMV

Pharmaceuticals

Inc

(e)

4,155‌

141‌

Prometheus

Biosciences

Inc

(e)

233‌

5‌

Protagonist

Therapeutics

Inc

(e)

43,616‌

2,156‌

Reata

Pharmaceuticals

Inc

(e)

65,091‌

8,157‌

Relmada

Therapeutics

Inc

(e)

2,378‌

62‌

Reneo

Pharmaceuticals

Inc

(e)

676‌

6‌

Revance

Therapeutics

Inc

(e)

214,523‌

6,238‌

Senseonics

Holdings

Inc

(a),(e)

65,818‌

202‌

Seres

Therapeutics

Inc

(e)

11,026‌

78‌

SIGA

Technologies

Inc

(e)

7,846‌

50‌

Spectrum

Pharmaceuticals

Inc

(e)

24,520‌

79‌

Spero

Therapeutics

Inc

(e)

3,593‌

48‌

Summit

Therapeutics

Inc

(a),(e)

3,561‌

26‌

Syros

Pharmaceuticals

Inc

(e)

4,228‌

20‌

TherapeuticsMD

Inc

(e)

57,484‌

58‌

Trevena

Inc

(e)

8,293‌

11‌

USANA

Health

Sciences

Inc

(e)

2,015‌

192‌

Vaxcyte

Inc

(e)

1,821‌

39‌

Verrica

Pharmaceuticals

Inc

(a),(e)

1,796‌

19‌

$

90,716‌

Real

Estate

-

0.08%

Cushman

&

Wakefield

PLC

(e)

18,594‌

347‌

eXp

World

Holdings

Inc

9,835‌

353‌

Fathom

Holdings

Inc

(a),(e)

781‌

20‌

Marcus

&

Millichap

Inc

(e)

391‌

16‌

McGrath

RentCorp

2,635‌

207‌

Newmark

Group

Inc

23,642‌

304‌

Rafael

Holdings

Inc

(e)

1,545‌

78‌

Redfin

Corp

(e)

16,121‌

944‌

RMR

Group

Inc/The

249‌

10‌

St

Joe

Co/The

5,281‌

239‌

$

2,518‌

REITs

-

1.35%

Alexander's

Inc

341‌

95‌

American

Finance

Trust

Inc

927‌

8‌

CatchMark

Timber

Trust

Inc

5,471‌

64‌

Clipper

Realty

Inc

1,523‌

13‌

Community

Healthcare

Trust

Inc

2,366‌

118‌

DigitalBridge

Group

Inc

(e)

699,145‌

4,866‌

EastGroup

Properties

Inc

102,157‌

18,002‌

Gladstone

Commercial

Corp

1,554‌

36‌

Gladstone

Land

Corp

2,364‌

55‌

Indus

Realty

Trust

Inc

533‌

36‌

Innovative

Industrial

Properties

Inc

1,965‌

422‌

Monmouth

Real

Estate

Investment

Corp

2,145‌

41‌

National

Storage

Affiliates

Trust

12,397‌

672‌

NexPoint

Residential

Trust

Inc

674‌

40‌

Outfront

Media

Inc

4,589‌

110‌

PennyMac

Mortgage

Investment

Trust

3,060‌

60‌

PS

Business

Parks

Inc

2,704‌

416‌

QTS

Realty

Trust

Inc

154,714‌

12,022‌

Ryman

Hospitality

Properties

Inc

(e)

40,093‌

3,075‌

Safehold

Inc

1,898‌

171‌

Saul

Centers

Inc

1,731‌

79‌

Tanger

Factory

Outlet

Centers

Inc

4,354‌

75‌

UMH

Properties

Inc

5,497‌

128‌

Universal

Health

Realty

Income

Trust

1,879‌

112‌

$

40,716‌

Retail

-

7.06%

Abercrombie

&

Fitch

Co

(e)

818‌

31‌

American

Eagle

Outfitters

Inc

24,116‌

831‌

America's

Car-Mart

Inc/TX

(e)

810‌

129‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Retail

(continued)

Arko

Corp

(e)

3,254‌

$

27‌

Asbury

Automotive

Group

Inc

(e)

3,068‌

630‌

Aspen

Aerogels

Inc

(e)

3,423‌

129‌

Beacon

Roofing

Supply

Inc

(e)

6,625‌

354‌

Bed

Bath

&

Beyond

Inc

(e)

1,947‌

56‌

BJ's

Restaurants

Inc

(e)

94,043‌

3,816‌

BJ's

Wholesale

Club

Holdings

Inc

(e)

16,227‌

822‌

Bloomin'

Brands

Inc

(e)

14,037‌

353‌

BlueLinx

Holdings

Inc

(e)

1,423‌

61‌

Boot

Barn

Holdings

Inc

(e)

4,558‌

394‌

Brinker

International

Inc

(e)

7,200‌

391‌

Buckle

Inc/The

4,462‌

188‌

Caleres

Inc

5,839‌

144‌

Casey's

General

Stores

Inc

87,912‌

17,381‌

Cheesecake

Factory

Inc/The

(e)

6,865‌

311‌

Chico's

FAS

Inc

(e)

4,079‌

25‌

Children's

Place

Inc/The

(e)

48,689‌

4,106‌

Chuy's

Holdings

Inc

(e)

95,464‌

3,151‌

Citi

Trends

Inc

(e)

1,414‌

113‌

Cracker

Barrel

Old

Country

Store

Inc

3,758‌

512‌

Dave

&

Buster's

Entertainment

Inc

(e)

3,157‌

105‌

Denny's

Corp

(e)

7,555‌

106‌

Designer

Brands

Inc

(e)

9,525‌

139‌

Dick's

Sporting

Goods

Inc

(a)

68,297‌

7,112‌

Dine

Brands

Global

Inc

(e)

2,584‌

200‌

Duluth

Holdings

Inc

(e)

1,924‌

29‌

FirstCash

Inc

455‌

36‌

Five

Below

Inc

(e)

92,416‌

17,967‌

Floor

&

Decor

Holdings

Inc

(e)

123,700‌

15,093‌

Franchise

Group

Inc

587‌

20‌

Freshpet

Inc

(e)

165,359‌

24,217‌

GrowGeneration

Corp

(e)

8,573‌

349‌

Guess?

Inc

792‌

18‌

Haverty

Furniture

Cos

Inc

1,145‌

41‌

Hibbett

Inc

2,132‌

189‌

Jack

in

the

Box

Inc

90,433‌

9,845‌

JOANN

Inc

1,839‌

28‌

Kirkland's

Inc

(a),(e)

2,221‌

43‌

Kura

Sushi

USA

Inc

(e)

542‌

26‌

Lithia

Motors

Inc

37,783‌

14,253‌

MarineMax

Inc

(e)

1,767‌

95‌

MedAvail

Holdings

Inc

(e)

1,777‌

15‌

Murphy

USA

Inc

3,993‌

589‌

National

Vision

Holdings

Inc

(e)

669,027‌

36,114‌

Noodles

&

Co

(e)

204,543‌

2,442‌

Nu

Skin

Enterprises

Inc

3,514‌

189‌

ONE

Group

Hospitality

Inc/The

(e)

3,096‌

28‌

OptimizeRx

Corp

(e)

2,672‌

148‌

Papa

John's

International

Inc

5,243‌

598‌

Party

City

Holdco

Inc

(e)

17,510‌

150‌

Petco

Health

&

Wellness

Co

Inc

(a),(e)

144,120‌

2,973‌

PetMed

Express

Inc

2,688‌

84‌

PriceSmart

Inc

251‌

23‌

Red

Robin

Gourmet

Burgers

Inc

(e)

2,468‌

65‌

Regis

Corp

(e)

3,340‌

27‌

Ruth's

Hospitality

Group

Inc

(e)

5,330‌

106‌

Sally

Beauty

Holdings

Inc

(e)

17,858‌

338‌

Shake

Shack

Inc

(e)

5,932‌

596‌

Shift

Technologies

Inc

(e)

1,873‌

16‌

Shoe

Carnival

Inc

2,555‌

86‌

Signet

Jewelers

Ltd

6,437‌

414‌

Sportsman's

Warehouse

Holdings

Inc

(e)

6,898‌

122‌

Texas

Roadhouse

Inc

191,174‌

17,621‌

Tilly's

Inc

137,784‌

2,043‌

Vroom

Inc

(e)

183,507‌

6,797‌

Wingstop

Inc

97,647‌

16,728‌

Winmark

Corp

201‌

42‌

$

212,220‌

Schedule

of

Investments

SmallCap

Growth

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

229

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Savings

&

Loans

-

0.48%

Axos

Financial

Inc

(e)

869‌

$

42‌

Hingham

Institution

For

Savings

The

10‌

3‌

Investors

Bancorp

Inc

13,050‌

180‌

OceanFirst

Financial

Corp

260,882‌

5,087‌

Pacific

Premier

Bancorp

Inc

241,337‌

9,166‌

Waterstone

Financial

Inc

168‌

3‌

$

14,481‌

Semiconductors

-

6.54%

Allegro

MicroSystems

Inc

(e)

383,437‌

10,510‌

Alpha

&

Omega

Semiconductor

Ltd

(e)

2,740‌

71‌

Ambarella

Inc

(e)

101,239‌

9,972‌

Amkor

Technology

Inc

3,348‌

83‌

Atomera

Inc

(a),(e)

3,217‌

57‌

Axcelis

Technologies

Inc

(e)

5,334‌

206‌

CEVA

Inc

(e)

3,571‌

177‌

CMC

Materials

Inc

104,266‌

15,081‌

Cohu

Inc

(e)

179,323‌

6,349‌

CTS

Corp

1,128‌

39‌

Diodes

Inc

(e)

78,448‌

6,433‌

EMCORE

Corp

(e)

870‌

8‌

Entegris

Inc

128,018‌

15,444‌

FormFactor

Inc

(e)

119,335‌

4,447‌

Impinj

Inc

(e)

2,958‌

136‌

Kulicke

&

Soffa

Industries

Inc

9,702‌

527‌

Lattice

Semiconductor

Corp

(e)

678,393‌

38,499‌

MACOM

Technology

Solutions

Holdings

Inc

(e)

411,378‌

25,390‌

MaxLinear

Inc

(e)

11,083‌

535‌

Onto

Innovation

Inc

(e)

121,700‌

8,528‌

Ouster

Inc

(e)

4,601‌

42‌

Power

Integrations

Inc

9,569‌

928‌

Semtech

Corp

(e)

314,742‌

19,486‌

Silicon

Laboratories

Inc

(e)

91,400‌

13,618‌

SiTime

Corp

(e)

2,040‌

277‌

SkyWater

Technology

Inc

(a),(e)

56,217‌

970‌

SMART

Global

Holdings

Inc

(e)

2,252‌

105‌

Synaptics

Inc

(e)

120,062‌

18,240‌

Ultra

Clean

Holdings

Inc

(e)

6,894‌

372‌

$

196,530‌

Software

-

11.25%

1Life

Healthcare

Inc

(e)

18,473‌

500‌

8x8

Inc

(e)

16,867‌

431‌

ACI

Worldwide

Inc

(e)

18,696‌

641‌

ACV

Auctions

Inc

(e)

234,181‌

5,424‌

Agilysys

Inc

(e)

2,695‌

150‌

Alignment

Healthcare

Inc

(a),(e)

206,989‌

4,312‌

Alkami

Technology

Inc

(e)

1,030‌

32‌

Altair

Engineering

Inc

(e)

7,195‌

502‌

American

Software

Inc/GA

3,820‌

84‌

Apollo

Medical

Holdings

Inc

(e)

5,748‌

508‌

Appfolio

Inc

(e)

2,970‌

421‌

Appian

Corp

(e)

6,233‌

726‌

Asana

Inc

(e)

10,769‌

765‌

Avaya

Holdings

Corp

(e)

13,078‌

317‌

Avid

Technology

Inc

(e)

5,729‌

214‌

Bandwidth

Inc

(e)

3,619‌

469‌

Benefitfocus

Inc

(e)

2,910‌

38‌

BigCommerce

Holdings

Inc

(e)

229,061‌

14,834‌

Blackbaud

Inc

(e)

7,671‌

547‌

Blackline

Inc

(e)

242,402‌

27,728‌

BM

Technologies

Inc

(e)

43‌

—‌

Bottomline

Technologies

DE

Inc

(e)

1,221‌

49‌

Box

Inc

(e)

23,331‌

558‌

Brightcove

Inc

(e)

6,373‌

73‌

BTRS

Holdings

Inc

(e)

7,512‌

88‌

Cardlytics

Inc

(e)

5,067‌

638‌

Cerence

Inc

(e)

5,997‌

645‌

Cloudera

Inc

(e)

22,370‌

355‌

CommVault

Systems

Inc

(e)

6,692‌

506‌

Cornerstone

OnDemand

Inc

(e)

9,982‌

479‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Software

(continued)

CSG

Systems

International

Inc

2,411‌

$

109‌

Digimarc

Corp

(a),(e)

1,978‌

57‌

Digital

Turbine

Inc

(e)

13,388‌

843‌

DigitalOcean

Holdings

Inc

(e)

167,642‌

8,634‌

Domo

Inc

(e)

4,368‌

386‌

Donnelley

Financial

Solutions

Inc

(e)

282‌

9‌

DoubleVerify

Holdings

Inc

(e)

44,074‌

1,525‌

Duck

Creek

Technologies

Inc

(e)

251,382‌

11,043‌

Dynatrace

Inc

(e)

242,921‌

15,515‌

eGain

Corp

(e)

1,431‌

17‌

Envestnet

Inc

(e)

126,477‌

9,515‌

Everbridge

Inc

(e)

89,870‌

12,691‌

Evolent

Health

Inc

(e)

2,468‌

57‌

Forian

Inc

(a),(e)

2,639‌

28‌

GreenBox

POS

(a),(e)

2,635‌

23‌

Health

Catalyst

Inc

(e)

253,311‌

14,707‌

IBEX

Holdings

Ltd

(e)

858‌

18‌

Inovalon

Holdings

Inc

(e)

11,970‌

453‌

Intelligent

Systems

Corp

(a),(e)

1,169‌

40‌

J2

Global

Inc

(e)

6,887‌

973‌

Jamf

Holding

Corp

(e)

86,140‌

2,826‌

JFrog

Ltd

(a),(e)

8,178‌

358‌

LivePerson

Inc

(e)

10,154‌

647‌

Manhattan

Associates

Inc

(e)

104,770‌

16,724‌

ManTech

International

Corp/VA

132,138‌

11,557‌

MicroStrategy

Inc

(e)

1,244‌

779‌

Model

N

Inc

(e)

161,189‌

5,218‌

Momentive

Global

Inc

(e)

20,302‌

426‌

NantHealth

Inc

(e)

2,347‌

5‌

Nuance

Communications

Inc

(e)

199,777‌

10,968‌

ON24

Inc

(a),(e)

124,138‌

4,534‌

Outset

Medical

Inc

(e)

215,785‌

8,839‌

PagerDuty

Inc

(e)

12,792‌

519‌

Phreesia

Inc

(e)

201,860‌

13,797‌

Porch

Group

Inc

(e)

2,515‌

47‌

Privia

Health

Group

Inc

(e)

49,480‌

2,053‌

Progress

Software

Corp

6,969‌

318‌

PROS

Holdings

Inc

(e)

188,877‌

8,201‌

QAD

Inc

1,656‌

144‌

Rackspace

Technology

Inc

(e)

6,143‌

109‌

Riskified

Ltd

(e)

260,397‌

7,140‌

Sailpoint

Technologies

Holdings

Inc

(e)

169,855‌

8,491‌

Sapiens

International

Corp

NV

4,903‌

124‌

Schrodinger

Inc/United

States

(e)

7,180‌

486‌

Simulations

Plus

Inc

2,425‌

114‌

Smartsheet

Inc

(e)

173,486‌

12,586‌

Sprout

Social

Inc

(e)

7,001‌

622‌

SPS

Commerce

Inc

(e)

5,719‌

623‌

Sumo

Logic

Inc

(e)

175,380‌

3,622‌

Tabula

Rasa

HealthCare

Inc

(e)

3,562‌

153‌

Upland

Software

Inc

(e)

4,533‌

163‌

Veritone

Inc

(e)

4,603‌

95‌

Verra

Mobility

Corp

(e)

21,245‌

325‌

Viant

Technology

Inc

(e)

1,701‌

29‌

Workiva

Inc

(e)

278,510‌

36,142‌

Yext

Inc

(e)

17,600‌

229‌

Zuora

Inc

(e)

656,511‌

11,351‌

Zynga

Inc

(e)

2,870,681‌

28,994‌

$

338,035‌

Telecommunications

-

0.68%

A10

Networks

Inc

(e)

7,931‌

101‌

ADTRAN

Inc

524‌

12‌

Anterix

Inc

(e)

532‌

31‌

CalAmp

Corp

(e)

5,527‌

67‌

Calix

Inc

(e)

7,168‌

335‌

Cambium

Networks

Corp

(e)

1,412‌

62‌

Casa

Systems

Inc

(e)

4,972‌

37‌

Cincinnati

Bell

Inc

(e)

3,327‌

51‌

Clearfield

Inc

(e)

1,807‌

79‌

Schedule

of

Investments

SmallCap

Growth

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

230

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Telecommunications

(continued)

DZS

Inc

(e)

1,088‌

$

22‌

Extreme

Networks

Inc

(e)

19,558‌

215‌

Globalstar

Inc

(e)

84,164‌

116‌

Gogo

Inc

(a),(e)

671‌

7‌

Harmonic

Inc

(e)

2,506‌

22‌

IDT

Corp

-

Class

B

(e)

2,390‌

119‌

Infinera

Corp

(e)

1,016,032‌

10,069‌

Inseego

Corp

(a),(e)

2,788‌

24‌

InterDigital

Inc

1,967‌

130‌

Iridium

Communications

Inc

(e)

14,297‌

604‌

Loral

Space

&

Communications

Inc

2,035‌

72‌

Ooma

Inc

(e)

2,000‌

37‌

ORBCOMM

Inc

(e)

11,824‌

134‌

Plantronics

Inc

(e)

2,253‌

70‌

Shenandoah

Telecommunications

Co

2,597‌

137‌

Viavi

Solutions

Inc

(e)

433,628‌

7,238‌

Vonage

Holdings

Corp

(e)

38,298‌

546‌

$

20,337‌

Toys,

Games

&

Hobbies

-

0.00%

Funko

Inc

(e)

4,200‌

78‌

Transportation

-

1.14%

CryoPort

Inc

(e)

6,429‌

397‌

Daseke

Inc

(e)

6,657‌

46‌

Dorian

LPG

Ltd

953‌

11‌

Echo

Global

Logistics

Inc

(e)

141,766‌

4,385‌

Forward

Air

Corp

57,807‌

5,112‌

Knight-Swift

Transportation

Holdings

Inc

129,862‌

6,453‌

PAM

Transportation

Services

Inc

(e)

26‌

2‌

Saia

Inc

(e)

78,885‌

17,828‌

Universal

Logistics

Holdings

Inc

922‌

21‌

Werner

Enterprises

Inc

1,174‌

54‌

Yellow

Corp

(e)

450‌

2‌

$

34,311‌

Trucking

&

Leasing

-

0.00%

Willis

Lease

Finance

Corp

(e)

46‌

2‌

Water

-

0.01%

American

States

Water

Co

3,042‌

269‌

Global

Water

Resources

Inc

1,936‌

34‌

Middlesex

Water

Co

1,021‌

104‌

York

Water

Co/The

1,271‌

61‌

$

468‌

TOTAL

COMMON

STOCKS

$

2,928,413‌

BONDS

-

0.00%

Principal

Amount

(000's)

Value

(000's)

Diversified

Financial

Services

-

0.00%

GAMCO

Investors

Inc

4.00%,

06/15/2023

(g)

$

1‌

$

1‌

TOTAL

BONDS

$

1‌

Total

Investments

$

3,043,661‌

Other

Assets

and

Liabilities

-  (1.28)%

(38,551‌)

TOTAL

NET

ASSETS

-

100.00%

$

3,005,110‌

(a)

Security

or

a

portion

of

the

security

was

on

loan.  At

the

end

of

the

period,

the

value

of

these

securities

totaled

$26,093

or

0.87%

of

net

assets.

(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

$27,577

or

0.92%

of

net

assets.

(d)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(e)

Non-income

producing

security

(f)

The

value

of

these

investments

was

determined

using

significant

unobservable

inputs,

in

good

faith

by

the

Manager,

under

procedures

established

and

periodically

reviewed

by

the

Board

of

Directors.

(g)

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.

Portfolio

Summary  (unaudited)

Sector

Percent

Consumer,

Non-cyclical

30.11‌%

Technology

21.45‌%

Consumer,

Cyclical

15.62‌%

Industrial

14.99‌%

Financial

8.12‌%

Communications

4.49‌%

Money

Market

Funds

3.66‌%

Basic

Materials

1.52‌%

Energy

0.96‌%

Utilities

0.19‌%

Investment

Companies

0.17‌%

Other

Assets

and

Liabilities

(1.28‌)%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

98,344‌

$

1,359,657‌

$

1,358,020‌

$

99,981‌

$

98,344‌

$

1,359,657‌

$

1,358,020‌

$

99,981‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

SmallCap

Growth

Fund

I

July

31,

2021

(unaudited)

See

accompanying

notes.

231

Futures

Contracts

Description

and

Expiration

Date

Type

Contracts

Notional

Amount

Value

and

Unrealized

Appreciation/(Depreciation)

Russell

2000

Emini;

September

2021

Long

158‌

$

17,551‌

$

37‌

Total

$

37‌

Amounts

in

thousands

except

contracts.

Schedule

of

Investments

SmallCap

S&P

600

Index

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

232

INVESTMENT

COMPANIES

-

2

.58

%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0

.11

%

iShares

Core

S&P

Small-Cap

ETF

14,044‌

$

1,548‌

Money

Market

Funds

-

2

.47

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(a),(b)

4,444,690‌

4,445‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

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

31,276,852‌

31,277‌

$

35,722‌

TOTAL

INVESTMENT

COMPANIES

$

37,270‌

COMMON

STOCKS

-

98

.21

%

Shares

Held

Value

(000's)

Aerospace

&

Defense

-

1

.41

%

AAR

Corp

(d)

45,656‌

$

1,633‌

Aerojet

Rocketdyne

Holdings

Inc

102,420‌

4,832‌

AeroVironment

Inc

(d)

30,881‌

3,122‌

Barnes

Group

Inc

64,085‌

3,247‌

Kaman

Corp

38,244‌

1,696‌

Moog

Inc

40,249‌

3,134‌

National

Presto

Industries

Inc

7,160‌

691‌

Park

Aerospace

Corp

25,787‌

385‌

Triumph

Group

Inc

(d)

83,894‌

1,598‌

$

20,338‌

Agriculture

-

0

.45

%

Andersons

Inc/The

43,059‌

1,150‌

Fresh

Del

Monte

Produce

Inc

41,815‌

1,290‌

Universal

Corp/VA

33,712‌

1,759‌

Vector

Group

Ltd

175,995‌

2,351‌

$

6,550‌

Airlines

-

0

.55

%

Allegiant

Travel

Co

(d)

20,034‌

3,809‌

Hawaiian

Holdings

Inc

(d)

70,279‌

1,387‌

SkyWest

Inc

(d)

69,234‌

2,803‌

$

7,999‌

Apparel

-

1

.06

%

Fossil

Group

Inc

(d)

65,172‌

822‌

Kontoor

Brands

Inc

64,987‌

3,599‌

Oxford

Industries

Inc

23,238‌

2,020‌

Steven

Madden

Ltd

105,838‌

4,639‌

Unifi

Inc

(d)

20,595‌

486‌

Wolverine

World

Wide

Inc

113,900‌

3,820‌

$

15,386‌

Automobile

Manufacturers

-

0

.07

%

Wabash

National

Corp

71,347‌

1,044‌

Automobile

Parts

&

Equipment

-

1

.19

%

American

Axle

&

Manufacturing

Holdings

Inc

(d)

156,749‌

1,519‌

Cooper-Standard

Holdings

Inc

(d)

23,299‌

607‌

Dorman

Products

Inc

(d)

39,267‌

3,972‌

Gentherm

Inc

(d)

45,537‌

3,776‌

Meritor

Inc

(d)

99,811‌

2,428‌

Methode

Electronics

Inc

52,871‌

2,529‌

Motorcar

Parts

of

America

Inc

(d)

26,205‌

583‌

Standard

Motor

Products

Inc

27,461‌

1,147‌

Titan

International

Inc

(d)

69,486‌

599‌

$

17,160‌

Banks

-

8

.79

%

Allegiance

Bancshares

Inc

25,535‌

931‌

Ameris

Bancorp

95,892‌

4,661‌

BancFirst

Corp

25,691‌

1,425‌

Bancorp

Inc/The

(d)

70,065‌

1,637‌

BankUnited

Inc

128,224‌

5,075‌

Banner

Corp

47,854‌

2,538‌

Cadence

BanCorp

171,516‌

3,259‌

Central

Pacific

Financial

Corp

38,907‌

996‌

City

Holding

Co

21,566‌

1,632‌

Columbia

Banking

System

Inc

98,643‌

3,447‌

Community

Bank

System

Inc

74,098‌

5,308‌

Customers

Bancorp

Inc

(d)

40,820‌

1,479‌

CVB

Financial

Corp

175,695‌

3,349‌

Dime

Community

Bancshares

Inc

48,605‌

1,605‌

Eagle

Bancorp

Inc

43,952‌

2,419‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Banks

(continued)

FB

Financial

Corp

46,241‌

$

1,748‌

First

BanCorp/Puerto

Rico

296,503‌

3,597‌

First

Bancorp/Southern

Pines

NC

39,178‌

1,567‌

First

Commonwealth

Financial

Corp

132,303‌

1,742‌

First

Financial

Bancorp

133,777‌

3,010‌

First

Hawaiian

Inc

179,281‌

4,936‌

First

Midwest

Bancorp

Inc/IL

157,223‌

2,821‌

Flagstar

Bancorp

Inc

65,290‌

2,988‌

Great

Western

Bancorp

Inc

75,787‌

2,334‌

Hanmi

Financial

Corp

42,210‌

770‌

Heritage

Financial

Corp/WA

49,480‌

1,197‌

Hilltop

Holdings

Inc

89,507‌

2,836‌

HomeStreet

Inc

29,367‌

1,107‌

Hope

Bancorp

Inc

169,922‌

2,252‌

Independent

Bank

Corp

45,424‌

3,211‌

Independent

Bank

Group

Inc

50,488‌

3,519‌

Meta

Financial

Group

Inc

43,903‌

2,182‌

National

Bank

Holdings

Corp

42,342‌

1,501‌

NBT

Bancorp

Inc

59,717‌

2,081‌

OFG

Bancorp

71,011‌

1,640‌

Old

National

Bancorp/IN

227,908‌

3,667‌

Park

National

Corp

19,551‌

2,227‌

Preferred

Bank/Los

Angeles

CA

18,649‌

1,100‌

Renasant

Corp

77,442‌

2,724‌

S&T

Bancorp

Inc

54,128‌

1,594‌

Seacoast

Banking

Corp

of

Florida

76,039‌

2,311‌

ServisFirst

Bancshares

Inc

64,788‌

4,605‌

Simmons

First

National

Corp

148,997‌

4,056‌

Southside

Bancshares

Inc

42,574‌

1,534‌

Tompkins

Financial

Corp

16,603‌

1,274‌

Triumph

Bancorp

Inc

(d)

31,140‌

2,387‌

TrustCo

Bank

Corp

NY

26,517‌

892‌

United

Community

Banks

Inc/GA

119,335‌

3,438‌

Veritex

Holdings

Inc

68,020‌

2,282‌

Walker

&

Dunlop

Inc

40,661‌

4,208‌

Westamerica

BanCorp

36,944‌

2,052‌

$

127,151‌

Beverages

-

0

.57

%

Celsius

Holdings

Inc

(d)

45,228‌

3,104‌

Coca-Cola

Consolidated

Inc

6,383‌

2,548‌

MGP

Ingredients

Inc

18,112‌

1,080‌

National

Beverage

Corp

(e)

32,076‌

1,456‌

$

8,188‌

Biotechnology

-

1

.50

%

ANI

Pharmaceuticals

Inc

(d)

13,653‌

463‌

Cara

Therapeutics

Inc

(d)

59,193‌

708‌

Innoviva

Inc

(d)

86,460‌

1,226‌

Myriad

Genetics

Inc

(d)

105,957‌

3,351‌

NeoGenomics

Inc

(d)

162,166‌

7,476‌

Organogenesis

Holdings

Inc

(d)

68,762‌

1,055‌

REGENXBIO

Inc

(d)

47,936‌

1,549‌

Vericel

Corp

(d),(e)

63,746‌

3,375‌

Xencor

Inc

(d)

80,070‌

2,465‌

$

21,668‌

Building

Materials

-

2

.12

%

AAON

Inc

56,244‌

3,496‌

American

Woodmark

Corp

(d)

23,380‌

1,736‌

Apogee

Enterprises

Inc

35,455‌

1,406‌

Boise

Cascade

Co

54,087‌

2,766‌

Gibraltar

Industries

Inc

(d)

44,872‌

3,351‌

Griffon

Corp

62,360‌

1,442‌

Patrick

Industries

Inc

30,729‌

2,539‌

PGT

Innovations

Inc

(d)

81,883‌

1,849‌

SPX

Corp

(d)

62,231‌

4,148‌

UFP

Industries

Inc

85,035‌

6,315‌

US

Concrete

Inc

(d)

22,178‌

1,615‌

$

30,663‌

Schedule

of

Investments

SmallCap

S&P

600

Index

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

233

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Chemicals

-

2

.53

%

AdvanSix

Inc

(d)

38,574‌

$

1,290‌

American

Vanguard

Corp

37,304‌

616‌

Balchem

Corp

44,606‌

6,017‌

Ferro

Corp

(d)

113,620‌

2,363‌

GCP

Applied

Technologies

Inc

(d)

66,551‌

1,547‌

Hawkins

Inc

26,052‌

946‌

HB

Fuller

Co

71,850‌

4,643‌

Innospec

Inc

33,840‌

2,993‌

Koppers

Holdings

Inc

(d)

29,209‌

897‌

Kraton

Corp

(d)

44,202‌

1,688‌

Quaker

Chemical

Corp

18,188‌

4,579‌

Rayonier

Advanced

Materials

Inc

(d)

87,455‌

609‌

Rogers

Corp

(d)

25,733‌

4,905‌

Stepan

Co

29,417‌

3,470‌

$

36,563‌

Coal

-

0

.21

%

CONSOL

Energy

Inc

(d)

41,674‌

875‌

SunCoke

Energy

Inc

114,107‌

882‌

Warrior

Met

Coal

Inc

70,695‌

1,320‌

$

3,077‌

Commercial

Services

-

4

.13

%

Aaron's

Co

Inc/The

46,989‌

1,357‌

ABM

Industries

Inc

92,260‌

4,289‌

Adtalem

Global

Education

Inc

(d)

67,843‌

2,465‌

Alarm.com

Holdings

Inc

(d)

62,268‌

5,182‌

American

Public

Education

Inc

(d)

25,676‌

761‌

AMN

Healthcare

Services

Inc

(d)

64,986‌

6,535‌

Arlo

Technologies

Inc

(d)

111,764‌

683‌

CoreCivic

Inc

(d)

165,397‌

1,700‌

CorVel

Corp

(d)

12,520‌

1,763‌

Cross

Country

Healthcare

Inc

(d)

48,174‌

791‌

Deluxe

Corp

58,035‌

2,548‌

EVERTEC

Inc

82,366‌

3,599‌

Forrester

Research

Inc

(d)

15,257‌

715‌

Green

Dot

Corp

(d)

74,849‌

3,448‌

Heidrick

&

Struggles

International

Inc

26,813‌

1,145‌

Kelly

Services

Inc

(d)

46,055‌

1,010‌

Korn

Ferry

74,269‌

5,105‌

Medifast

Inc

16,174‌

4,618‌

Monro

Inc

46,059‌

2,671‌

Perdoceo

Education

Corp

(d)

96,863‌

1,149‌

Rent-A-Center

Inc/TX

82,065‌

4,696‌

Resources

Connection

Inc

42,427‌

657‌

Team

Inc

(d)

42,482‌

262‌

TrueBlue

Inc

(d)

48,779‌

1,326‌

Viad

Corp

(d)

28,170‌

1,292‌

$

59,767‌

Computers

-

1

.71

%

3D

Systems

Corp

(d)

171,962‌

4,736‌

Diebold

Nixdorf

Inc

(d)

107,576‌

1,120‌

ExlService

Holdings

Inc

(d)

46,011‌

5,209‌

Insight

Enterprises

Inc

(d)

48,570‌

4,876‌

OneSpan

Inc

(d)

46,512‌

1,148‌

Sykes

Enterprises

Inc

(d)

54,703‌

2,935‌

TTEC

Holdings

Inc

25,113‌

2,624‌

Unisys

Corp

(d)

92,165‌

2,060‌

$

24,708‌

Consumer

Products

-

0

.60

%

Central

Garden

&

Pet

Co

(d)

13,407‌

647‌

Central

Garden

&

Pet

Co

-

A

Shares

(d)

54,591‌

2,364‌

Quanex

Building

Products

Corp

46,200‌

1,148‌

WD-40

Co

18,851‌

4,581‌

$

8,740‌

Cosmetics

&

Personal

Care

-

0

.44

%

Edgewell

Personal

Care

Co

74,753‌

3,071‌

elf

Beauty

Inc

(d)

53,269‌

1,470‌

Inter

Parfums

Inc

24,376‌

1,874‌

$

6,415‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Distribution

&

Wholesale

-

0

.85

%

Core-Mark

Holding

Co

Inc

62,109‌

$

2,673‌

G-III

Apparel

Group

Ltd

(d)

59,874‌

1,788‌

Resideo

Technologies

Inc

(d)

197,814‌

5,835‌

ScanSource

Inc

(d)

35,020‌

966‌

Veritiv

Corp

(d)

16,803‌

1,030‌

$

12,292‌

Diversified

Financial

Services

-

1

.64

%

B

Riley

Financial

Inc

24,309‌

1,642‌

Blucora

Inc

(d)

66,579‌

1,123‌

Brightsphere

Investment

Group

Inc

81,843‌

2,045‌

Encore

Capital

Group

Inc

(d)

42,645‌

2,019‌

Enova

International

Inc

(d)

50,538‌

1,672‌

EZCORP

Inc

(d)

72,710‌

416‌

Greenhill

&

Co

Inc

20,131‌

323‌

Mr

Cooper

Group

Inc

(d)

93,576‌

3,479‌

Piper

Sandler

Cos

19,831‌

2,433‌

PRA

Group

Inc

(d)

62,983‌

2,443‌

StoneX

Group

Inc

(d)

22,899‌

1,478‌

Virtus

Investment

Partners

Inc

9,888‌

2,730‌

WisdomTree

Investments

Inc

154,284‌

954‌

World

Acceptance

Corp

(d)

5,403‌

1,024‌

$

23,781‌

Electric

-

0

.36

%

Avista

Corp

95,319‌

4,082‌

Unitil

Corp

20,687‌

1,095‌

$

5,177‌

Electrical

Components

&

Equipment

-

0

.25

%

Encore

Wire

Corp

28,376‌

2,226‌

Insteel

Industries

Inc

26,597‌

1,033‌

Powell

Industries

Inc

12,220‌

355‌

$

3,614‌

Electronics

-

2

.97

%

Advanced

Energy

Industries

Inc

52,829‌

5,481‌

Applied

Optoelectronics

Inc

(d),(e)

33,982‌

263‌

Badger

Meter

Inc

40,122‌

4,053‌

Bel

Fuse

Inc

14,024‌

191‌

Benchmark

Electronics

Inc

49,253‌

1,300‌

Brady

Corp

66,729‌

3,649‌

Comtech

Telecommunications

Corp

35,828‌

895‌

FARO

Technologies

Inc

(d)

24,964‌

1,820‌

Itron

Inc

(d)

62,064‌

6,121‌

Knowles

Corp

(d)

127,603‌

2,557‌

Mesa

Laboratories

Inc

6,716‌

1,978‌

OSI

Systems

Inc

(d)

22,995‌

2,301‌

Plexus

Corp

(d)

39,322‌

3,551‌

Sanmina

Corp

(d)

89,518‌

3,439‌

TTM

Technologies

Inc

(d)

137,083‌

1,918‌

Vicor

Corp

(d)

29,267‌

3,383‌

$

42,900‌

Energy

-

Alternate

Sources

-

0

.48

%

FutureFuel

Corp

35,490‌

302‌

Green

Plains

Inc

(d)

58,300‌

2,061‌

Renewable

Energy

Group

Inc

(d)

65,541‌

4,014‌

REX

American

Resources

Corp

(d)

7,251‌

595‌

$

6,972‌

Engineering

&

Construction

-

1

.36

%

Arcosa

Inc

66,247‌

3,628‌

Comfort

Systems

USA

Inc

49,898‌

3,730‌

Exponent

Inc

71,676‌

7,676‌

Granite

Construction

Inc

62,972‌

2,419‌

MYR

Group

Inc

(d)

23,142‌

2,213‌

$

19,666‌

Entertainment

-

0

.08

%

Monarch

Casino

&

Resort

Inc

(d)

17,830‌

1,138‌

Environmental

Control

-

0

.26

%

Harsco

Corp

(d)

108,866‌

2,190‌

US

Ecology

Inc

(d)

43,335‌

1,517‌

$

3,707‌

Schedule

of

Investments

SmallCap

S&P

600

Index

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

234

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Food

-

1

.37

%

B&G

Foods

Inc

(e)

89,045‌

$

2,557‌

Calavo

Growers

Inc

22,881‌

1,289‌

Cal-Maine

Foods

Inc

51,497‌

1,797‌

Chefs'

Warehouse

Inc/The

(d)

44,823‌

1,296‌

J

&

J

Snack

Foods

Corp

20,681‌

3,400‌

John

B

Sanfilippo

&

Son

Inc

12,199‌

1,127‌

Seneca

Foods

Corp

-

Class

A

(d)

9,198‌

504‌

Simply

Good

Foods

Co/The

(d)

115,887‌

4,343‌

SpartanNash

Co

49,835‌

969‌

United

Natural

Foods

Inc

(d)

77,417‌

2,564‌

$

19,846‌

Forest

Products

&

Paper

-

0

.61

%

Clearwater

Paper

Corp

(d)

22,947‌

677‌

Domtar

Corp

(d)

69,095‌

3,794‌

Glatfelter

Corp

61,129‌

931‌

Mercer

International

Inc

54,446‌

633‌

Neenah

Inc

23,163‌

1,164‌

Schweitzer-Mauduit

International

Inc

43,195‌

1,699‌

$

8,898‌

Gas

-

0

.63

%

Chesapeake

Utilities

Corp

24,110‌

3,004‌

Northwest

Natural

Holding

Co

42,158‌

2,204‌

South

Jersey

Industries

Inc

154,595‌

3,891‌

$

9,099‌

Hand

&

Machine

Tools

-

0

.30

%

Franklin

Electric

Co

Inc

53,049‌

4,337‌

Healthcare

-

Products

-

3

.58

%

AngioDynamics

Inc

(d)

52,444‌

1,397‌

Avanos

Medical

Inc

(d)

66,107‌

2,508‌

Cardiovascular

Systems

Inc

(d)

55,230‌

2,225‌

CONMED

Corp

40,005‌

5,518‌

CryoLife

Inc

(d)

53,767‌

1,452‌

Cutera

Inc

(d)

24,481‌

1,272‌

Glaukos

Corp

(d)

63,644‌

3,246‌

Hanger

Inc

(d)

52,999‌

1,301‌

Inogen

Inc

(d)

25,560‌

2,039‌

Integer

Holdings

Corp

(d)

45,347‌

4,439‌

Invacare

Corp

(d)

48,063‌

347‌

Lantheus

Holdings

Inc

(d)

92,804‌

2,429‌

LeMaitre

Vascular

Inc

23,519‌

1,281‌

Meridian

Bioscience

Inc

(d)

59,586‌

1,221‌

Merit

Medical

Systems

Inc

(d)

67,763‌

4,749‌

Natus

Medical

Inc

(d)

46,862‌

1,251‌

Omnicell

Inc

(d)

59,394‌

8,701‌

OraSure

Technologies

Inc

(d)

98,956‌

1,167‌

Orthofix

Medical

Inc

(d)

26,897‌

1,069‌

Surmodics

Inc

(d)

19,069‌

1,051‌

Tactile

Systems

Technology

Inc

(d)

27,022‌

1,324‌

Varex

Imaging

Corp

(d)

54,043‌

1,475‌

Zynex

Inc

(d),(e)

26,835‌

373‌

$

51,835‌

Healthcare

-

Services

-

2

.47

%

Addus

HomeCare

Corp

(d)

20,776‌

1,803‌

Community

Health

Systems

Inc

(d)

170,808‌

2,275‌

Ensign

Group

Inc/The

71,065‌

6,045‌

Fulgent

Genetics

Inc

(d),(e)

24,332‌

2,245‌

Joint

Corp/The

(d)

18,151‌

1,434‌

Magellan

Health

Inc

(d)

32,008‌

3,019‌

MEDNAX

Inc

(d)

118,530‌

3,452‌

ModivCare

Inc

(d)

16,773‌

2,851‌

Pennant

Group

Inc/The

(d)

35,031‌

1,199‌

RadNet

Inc

(d)

60,150‌

2,210‌

Select

Medical

Holdings

Corp

148,340‌

5,852‌

Tivity

Health

Inc

(d)

52,132‌

1,307‌

US

Physical

Therapy

Inc

17,736‌

2,096‌

$

35,788‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Home

Builders

-

2

.43

%

Cavco

Industries

Inc

(d)

11,737‌

$

2,758‌

Century

Communities

Inc

40,343‌

2,802‌

Installed

Building

Products

Inc

31,038‌

3,725‌

LCI

Industries

34,729‌

5,064‌

LGI

Homes

Inc

(d)

30,175‌

5,157‌

M/I

Homes

Inc

(d)

40,136‌

2,597‌

MDC

Holdings

Inc

76,337‌

4,070‌

Meritage

Homes

Corp

(d)

52,044‌

5,651‌

Winnebago

Industries

Inc

46,206‌

3,321‌

$

35,145‌

Home

Furnishings

-

0

.60

%

Daktronics

Inc

(d)

50,704‌

310‌

Ethan

Allen

Interiors

Inc

30,146‌

716‌

iRobot

Corp

(d)

38,636‌

3,381‌

Sleep

Number

Corp

(d)

33,642‌

3,337‌

Universal

Electronics

Inc

(d)

18,930‌

885‌

$

8,629‌

Housewares

-

0

.10

%

Tupperware

Brands

Corp

(d)

68,297‌

1,427‌

Insurance

-

2

.84

%

Ambac

Financial

Group

Inc

(d)

63,526‌

922‌

American

Equity

Investment

Life

Holding

Co

118,106‌

3,790‌

AMERISAFE

Inc

26,584‌

1,521‌

Assured

Guaranty

Ltd

103,694‌

4,958‌

eHealth

Inc

(d)

35,940‌

1,869‌

Employers

Holdings

Inc

39,223‌

1,628‌

Genworth

Financial

Inc

(d)

696,930‌

2,328‌

HCI

Group

Inc

8,981‌

902‌

Horace

Mann

Educators

Corp

57,048‌

2,271‌

James

River

Group

Holdings

Ltd

51,253‌

1,865‌

NMI

Holdings

Inc

(d)

117,713‌

2,592‌

Palomar

Holdings

Inc

(d)

29,913‌

2,436‌

ProAssurance

Corp

74,194‌

1,505‌

Safety

Insurance

Group

Inc

19,572‌

1,500‌

Selectquote

Inc

(d)

60,665‌

1,080‌

SiriusPoint

Ltd

(d)

104,439‌

1,023‌

Stewart

Information

Services

Corp

36,870‌

2,176‌

Trupanion

Inc

(d)

46,270‌

5,322‌

United

Fire

Group

Inc

29,708‌

740‌

United

Insurance

Holdings

Corp

28,534‌

125‌

Universal

Insurance

Holdings

Inc

39,063‌

553‌

$

41,106‌

Internet

-

1

.90

%

Cogent

Communications

Holdings

Inc

58,180‌

4,515‌

ePlus

Inc

(d)

18,569‌

1,717‌

HealthStream

Inc

(d)

34,707‌

1,014‌

Liquidity

Services

Inc

(d)

37,193‌

738‌

Perficient

Inc

(d)

45,446‌

4,285‌

QuinStreet

Inc

(d)

67,833‌

1,244‌

Shutterstock

Inc

30,663‌

3,327‌

Stamps.com

Inc

(d)

25,192‌

8,232‌

TechTarget

Inc

(d)

32,514‌

2,376‌

$

27,448‌

Iron

&

Steel

-

0

.42

%

Allegheny

Technologies

Inc

(d)

174,924‌

3,591‌

Carpenter

Technology

Corp

66,052‌

2,520‌

$

6,111‌

Leisure

Products

&

Services

-

0

.22

%

Vista

Outdoor

Inc

(d)

79,411‌

3,207‌

Lodging

-

0

.04

%

Marcus

Corp/The

(d)

33,119‌

532‌

Machinery

-

Construction

&

Mining

-

0

.13

%

Astec

Industries

Inc

31,258‌

1,916‌

Machinery

-

Diversified

-

2

.53

%

Alamo

Group

Inc

13,609‌

1,998‌

Albany

International

Corp

42,218‌

3,646‌

Applied

Industrial

Technologies

Inc

53,438‌

4,793‌

Chart

Industries

Inc

(d)

48,939‌

7,608‌

Schedule

of

Investments

SmallCap

S&P

600

Index

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

235

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Machinery

-

Diversified

(continued)

CIRCOR

International

Inc

(d)

27,842‌

$

859‌

DXP

Enterprises

Inc/TX

(d)

24,299‌

793‌

Ichor

Holdings

Ltd

(d)

38,614‌

1,991‌

Lindsay

Corp

14,999‌

2,410‌

SPX

FLOW

Inc

58,055‌

4,769‌

Tennant

Co

25,592‌

2,025‌

Watts

Water

Technologies

Inc

37,882‌

5,711‌

$

36,603‌

Media

-

0

.59

%

AMC

Networks

Inc

(d)

42,259‌

2,115‌

EW

Scripps

Co/The

79,326‌

1,514‌

Gannett

Co

Inc

(d)

186,168‌

1,074‌

Meredith

Corp

(d)

55,821‌

2,436‌

Scholastic

Corp

41,336‌

1,389‌

$

8,528‌

Metal

Fabrication

&

Hardware

-

0

.78

%

AZZ

Inc

34,400‌

1,823‌

Mueller

Industries

Inc

78,561‌

3,410‌

Olympic

Steel

Inc

12,491‌

376‌

Proto

Labs

Inc

(d)

38,079‌

2,977‌

Standex

International

Corp

16,861‌

1,551‌

TimkenSteel

Corp

(d)

52,791‌

704‌

Tredegar

Corp

35,657‌

466‌

$

11,307‌

Mining

-

0

.88

%

Arconic

Corp

(d)

134,667‌

4,840‌

Century

Aluminum

Co

(d)

69,375‌

1,010‌

Kaiser

Aluminum

Corp

21,794‌

2,652‌

Livent

Corp

(d)

219,205‌

4,277‌

$

12,779‌

Miscellaneous

Manufacturers

-

2

.77

%

Enerpac

Tool

Group

Corp

82,675‌

2,122‌

EnPro

Industries

Inc

28,328‌

2,638‌

ESCO

Technologies

Inc

35,811‌

3,379‌

Fabrinet

(d)

50,722‌

4,794‌

Federal

Signal

Corp

83,250‌

3,298‌

Haynes

International

Inc

17,450‌

658‌

Hillenbrand

Inc

103,478‌

4,688‌

John

Bean

Technologies

Corp

43,662‌

6,400‌

Lydall

Inc

(d)

23,539‌

1,441‌

Materion

Corp

28,049‌

2,002‌

Myers

Industries

Inc

49,622‌

1,051‌

Raven

Industries

Inc

(d)

49,393‌

2,877‌

Sturm

Ruger

&

Co

Inc

24,182‌

1,798‌

Trinseo

SA

53,271‌

2,896‌

$

40,042‌

Office

&

Business

Equipment

-

0

.13

%

Pitney

Bowes

Inc

241,327‌

1,931‌

Office

Furnishings

-

0

.24

%

HNI

Corp

59,890‌

2,234‌

Interface

Inc

81,149‌

1,170‌

$

3,404‌

Oil

&

Gas

-

2

.56

%

Bonanza

Creek

Energy

Inc

26,202‌

1,008‌

Callon

Petroleum

Co

(d)

63,623‌

2,504‌

Helmerich

&

Payne

Inc

148,371‌

4,254‌

Laredo

Petroleum

Inc

(d)

13,303‌

732‌

Matador

Resources

Co

150,958‌

4,665‌

Nabors

Industries

Ltd

(d)

8,970‌

785‌

Par

Pacific

Holdings

Inc

(d)

61,242‌

1,003‌

Patterson-UTI

Energy

Inc

258,239‌

2,071‌

PBF

Energy

Inc

(d)

132,213‌

1,212‌

PDC

Energy

Inc

136,576‌

5,402‌

Penn

Virginia

Corp

(d)

21,052‌

389‌

Range

Resources

Corp

(d)

356,982‌

5,437‌

SM

Energy

Co

150,649‌

2,817‌

Southwestern

Energy

Co

(d)

893,737‌

4,210‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Oil

&

Gas

(continued)

Talos

Energy

Inc

(d)

43,819‌

$

506‌

$

36,995‌

Oil

&

Gas

Services

-

0

.98

%

Archrock

Inc

177,950‌

1,532‌

Bristow

Group

Inc

(d)

31,850‌

827‌

Core

Laboratories

NV

63,677‌

2,124‌

DMC

Global

Inc

(d)

25,725‌

1,126‌

Dril-Quip

Inc

(d)

48,722‌

1,393‌

Helix

Energy

Solutions

Group

Inc

(d)

194,832‌

809‌

Matrix

Service

Co

(d)

36,474‌

398‌

NOW

Inc

(d)

151,617‌

1,496‌

Oceaneering

International

Inc

(d)

137,176‌

1,819‌

Oil

States

International

Inc

(d)

84,270‌

477‌

ProPetro

Holding

Corp

(d)

112,520‌

850‌

RPC

Inc

(d)

80,101‌

336‌

US

Silica

Holdings

Inc

(d)

102,230‌

1,033‌

$

14,220‌

Packaging

&

Containers

-

0

.33

%

Matthews

International

Corp

43,533‌

1,506‌

O-I

Glass

Inc

(d)

217,153‌

3,212‌

$

4,718‌

Pharmaceuticals

-

2

.68

%

Amphastar

Pharmaceuticals

Inc

(d)

50,439‌

1,057‌

Anika

Therapeutics

Inc

(d)

19,791‌

794‌

Coherus

Biosciences

Inc

(d)

91,668‌

1,196‌

Collegium

Pharmaceutical

Inc

(d)

48,470‌

1,207‌

Corcept

Therapeutics

Inc

(d)

144,346‌

2,998‌

Covetrus

Inc

(d)

137,117‌

3,491‌

Cytokinetics

Inc

(d)

112,373‌

3,335‌

Eagle

Pharmaceuticals

Inc/DE

(d)

16,042‌

746‌

Enanta

Pharmaceuticals

Inc

(d)

24,717‌

1,044‌

Endo

International

PLC

(d)

320,827‌

1,623‌

Heska

Corp

(d)

13,620‌

3,278‌

Owens

&

Minor

Inc

103,339‌

4,780‌

Pacira

BioSciences

Inc

(d)

60,542‌

3,569‌

Phibro

Animal

Health

Corp

27,968‌

662‌

Prestige

Consumer

Healthcare

Inc

(d)

68,636‌

3,607‌

Spectrum

Pharmaceuticals

Inc

(d)

222,114‌

715‌

Supernus

Pharmaceuticals

Inc

(d)

72,910‌

1,920‌

USANA

Health

Sciences

Inc

(d)

15,863‌

1,511‌

Vanda

Pharmaceuticals

Inc

(d)

76,404‌

1,246‌

$

38,779‌

Real

Estate

-

0

.48

%

Marcus

&

Millichap

Inc

(d)

33,161‌

1,319‌

RE/MAX

Holdings

Inc

25,977‌

891‌

Realogy

Holdings

Corp

(d)

160,099‌

2,837‌

St

Joe

Co/The

42,917‌

1,943‌

$

6,990‌

REITs

-

8

.85

%

Acadia

Realty

Trust

118,684‌

2,540‌

Agree

Realty

Corp

93,616‌

7,035‌

Alexander

&

Baldwin

Inc

99,561‌

1,993‌

American

Assets

Trust

Inc

69,022‌

2,549‌

Apollo

Commercial

Real

Estate

Finance

Inc

176,972‌

2,694‌

Armada

Hoffler

Properties

Inc

82,934‌

1,078‌

ARMOUR

Residential

REIT

Inc

97,969‌

1,019‌

Brandywine

Realty

Trust

234,957‌

3,280‌

Capstead

Mortgage

Corp

133,180‌

848‌

CareTrust

REIT

Inc

133,093‌

3,210‌

Centerspace

17,845‌

1,606‌

Chatham

Lodging

Trust

(d)

66,855‌

821‌

Community

Healthcare

Trust

Inc

31,562‌

1,573‌

DiamondRock

Hospitality

Co

(d)

289,128‌

2,489‌

Diversified

Healthcare

Trust

327,653‌

1,278‌

Easterly

Government

Properties

Inc

115,333‌

2,618‌

Ellington

Financial

Inc

60,207‌

1,095‌

Essential

Properties

Realty

Trust

Inc

161,575‌

4,815‌

Four

Corners

Property

Trust

Inc

104,748‌

3,007‌

Franklin

Street

Properties

Corp

132,833‌

693‌

Schedule

of

Investments

SmallCap

S&P

600

Index

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

236

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

REITs

(continued)

GEO

Group

Inc/The

167,260‌

$

1,157‌

Getty

Realty

Corp

51,291‌

1,620‌

Global

Net

Lease

Inc

131,177‌

2,423‌

Granite

Point

Mortgage

Trust

Inc

75,782‌

1,069‌

Hersha

Hospitality

Trust

(d)

50,581‌

476‌

Independence

Realty

Trust

Inc

140,469‌

2,708‌

Industrial

Logistics

Properties

Trust

89,799‌

2,434‌

Innovative

Industrial

Properties

Inc

32,902‌

7,074‌

Invesco

Mortgage

Capital

Inc

390,617‌

1,344‌

iStar

Inc

100,710‌

2,440‌

Kite

Realty

Group

Trust

116,179‌

2,342‌

KKR

Real

Estate

Finance

Trust

Inc

37,489‌

799‌

Lexington

Realty

Trust

381,781‌

5,020‌

LTC

Properties

Inc

54,134‌

2,049‌

Mack-Cali

Realty

Corp

(d)

118,530‌

2,134‌

New

York

Mortgage

Trust

Inc

521,558‌

2,279‌

NexPoint

Residential

Trust

Inc

31,100‌

1,833‌

Office

Properties

Income

Trust

66,445‌

1,926‌

PennyMac

Mortgage

Investment

Trust

134,679‌

2,656‌

Ready

Capital

Corp

79,333‌

1,200‌

Redwood

Trust

Inc

155,405‌

1,845‌

Retail

Opportunity

Investments

Corp

163,335‌

2,886‌

Retail

Properties

of

America

Inc

295,290‌

3,724‌

RPT

Realty

111,615‌

1,422‌

Safehold

Inc

19,777‌

1,786‌

Saul

Centers

Inc

17,774‌

811‌

Service

Properties

Trust

226,658‌

2,523‌

SITE

Centers

Corp

232,158‌

3,682‌

Summit

Hotel

Properties

Inc

(d)

145,932‌

1,315‌

Tanger

Factory

Outlet

Centers

Inc

138,619‌

2,380‌

Two

Harbors

Investment

Corp

431,311‌

2,765‌

Uniti

Group

Inc

321,026‌

3,759‌

Universal

Health

Realty

Income

Trust

17,613‌

1,052‌

Urstadt

Biddle

Properties

Inc

41,392‌

789‌

Washington

Real

Estate

Investment

Trust

116,313‌

2,825‌

Whitestone

REIT

54,910‌

486‌

Xenia

Hotels

&

Resorts

Inc

(d)

156,498‌

2,767‌

$

128,041‌

Retail

-

7

.46

%

Abercrombie

&

Fitch

Co

(d)

85,171‌

3,220‌

America's

Car-Mart

Inc/TX

(d)

8,474‌

1,347‌

Asbury

Automotive

Group

Inc

(d)

26,595‌

5,464‌

Barnes

&

Noble

Education

Inc

(d),(e)

43,804‌

366‌

Bed

Bath

&

Beyond

Inc

(d)

146,637‌

4,185‌

Big

Lots

Inc

43,926‌

2,531‌

BJ's

Restaurants

Inc

(d)

31,956‌

1,297‌

Bloomin'

Brands

Inc

(d)

111,272‌

2,796‌

Boot

Barn

Holdings

Inc

(d)

40,225‌

3,476‌

Brinker

International

Inc

(d)

62,914‌

3,419‌

Buckle

Inc/The

39,710‌

1,671‌

Caleres

Inc

52,697‌

1,304‌

Cato

Corp/The

26,639‌

439‌

Cheesecake

Factory

Inc/The

(d)

63,373‌

2,868‌

Chico's

FAS

Inc

(d)

168,570‌

1,042‌

Children's

Place

Inc/The

(d)

20,168‌

1,701‌

Chuy's

Holdings

Inc

(d)

27,483‌

907‌

Conn's

Inc

(d)

26,646‌

593‌

Dave

&

Buster's

Entertainment

Inc

(d)

65,707‌

2,187‌

Designer

Brands

Inc

(d)

81,507‌

1,188‌

Dine

Brands

Global

Inc

(d)

23,592‌

1,828‌

El

Pollo

Loco

Holdings

Inc

(d)

26,084‌

485‌

Fiesta

Restaurant

Group

Inc

(d)

24,382‌

326‌

GameStop

Corp

(d)

76,336‌

12,299‌

Genesco

Inc

(d)

19,539‌

1,122‌

GMS

Inc

(d)

58,922‌

2,895‌

Group

1

Automotive

Inc

23,479‌

4,079‌

Guess?

Inc

52,674‌

1,176‌

Haverty

Furniture

Cos

Inc

23,276‌

838‌

Hibbett

Inc

22,288‌

1,976‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Retail

(continued)

La-Z-Boy

Inc

63,667‌

$

2,138‌

Lumber

Liquidators

Holdings

Inc

(d)

39,915‌

762‌

Macy's

Inc

(d)

428,657‌

7,287‌

MarineMax

Inc

(d)

30,466‌

1,639‌

Movado

Group

Inc

23,129‌

695‌

ODP

Corp/The

(d)

73,605‌

3,484‌

PC

Connection

Inc

15,125‌

719‌

PetMed

Express

Inc

(e)

27,873‌

875‌

PriceSmart

Inc

32,137‌

2,884‌

Red

Robin

Gourmet

Burgers

Inc

(d)

21,564‌

566‌

Regis

Corp

(d)

33,467‌

267‌

Ruth's

Hospitality

Group

Inc

(d)

43,952‌

878‌

Sally

Beauty

Holdings

Inc

(d)

155,329‌

2,939‌

Shake

Shack

Inc

(d)

50,010‌

5,028‌

Shoe

Carnival

Inc

23,780‌

801‌

Signet

Jewelers

Ltd

72,009‌

4,633‌

Sonic

Automotive

Inc

32,119‌

1,752‌

Vera

Bradley

Inc

(d)

30,507‌

336‌

Zumiez

Inc

(d)

29,035‌

1,267‌

$

107,975‌

Savings

&

Loans

-

1

.90

%

Axos

Financial

Inc

(d)

70,872‌

3,391‌

Banc

of

California

Inc

61,409‌

1,051‌

Berkshire

Hills

Bancorp

Inc

70,412‌

1,904‌

Brookline

Bancorp

Inc

107,527‌

1,545‌

Capitol

Federal

Financial

Inc

177,522‌

1,969‌

Investors

Bancorp

Inc

309,931‌

4,283‌

Northfield

Bancorp

Inc

63,495‌

1,045‌

Northwest

Bancshares

Inc

174,993‌

2,329‌

Pacific

Premier

Bancorp

Inc

130,160‌

4,943‌

Provident

Financial

Services

Inc

99,711‌

2,154‌

WSFS

Financial

Corp

65,364‌

2,862‌

$

27,476‌

Semiconductors

-

3

.41

%

Axcelis

Technologies

Inc

(d)

46,206‌

1,781‌

CEVA

Inc

(d)

31,372‌

1,557‌

Cohu

Inc

(d)

66,597‌

2,358‌

CTS

Corp

44,485‌

1,557‌

Diodes

Inc

(d)

58,287‌

4,780‌

DSP

Group

Inc

(d)

30,982‌

497‌

FormFactor

Inc

(d)

106,745‌

3,977‌

Kulicke

&

Soffa

Industries

Inc

85,334‌

4,639‌

MaxLinear

Inc

(d)

94,326‌

4,549‌

Onto

Innovation

Inc

(d)

67,438‌

4,726‌

Photronics

Inc

(d)

87,164‌

1,166‌

Power

Integrations

Inc

83,409‌

8,090‌

Rambus

Inc

(d)

154,710‌

3,661‌

SMART

Global

Holdings

Inc

(d)

22,955‌

1,075‌

Ultra

Clean

Holdings

Inc

(d)

60,233‌

3,253‌

Veeco

Instruments

Inc

(d)

69,008‌

1,601‌

$

49,267‌

Software

-

3

.42

%

8x8

Inc

(d)

151,117‌

3,863‌

Agilysys

Inc

(d)

28,258‌

1,570‌

Allscripts

Healthcare

Solutions

Inc

(d)

194,121‌

3,316‌

Apollo

Medical

Holdings

Inc

(d)

18,150‌

1,604‌

BM

Technologies

Inc

(d)

6,482‌

65‌

Bottomline

Technologies

DE

Inc

(d)

54,085‌

2,183‌

Computer

Programs

and

Systems

Inc

17,620‌

556‌

CSG

Systems

International

Inc

45,227‌

2,051‌

Digi

International

Inc

(d)

46,795‌

968‌

Donnelley

Financial

Solutions

Inc

(d)

40,956‌

1,319‌

Ebix

Inc

32,335‌

977‌

LivePerson

Inc

(d)

88,184‌

5,616‌

ManTech

International

Corp/VA

37,714‌

3,298‌

MicroStrategy

Inc

(d),(e)

10,701‌

6,699‌

NextGen

Healthcare

Inc

(d)

76,508‌

1,241‌

PDF

Solutions

Inc

(d)

40,626‌

760‌

Progress

Software

Corp

60,512‌

2,759‌

Schedule

of

Investments

SmallCap

S&P

600

Index

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

237

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Software

(continued)

Simulations

Plus

Inc

21,021‌

$

992‌

SPS

Commerce

Inc

(d)

49,316‌

5,373‌

Tabula

Rasa

HealthCare

Inc

(d)

31,088‌

1,336‌

Xperi

Holding

Corp

144,262‌

2,996‌

$

49,542‌

Telecommunications

-

1

.89

%

ADTRAN

Inc

66,551‌

1,491‌

ATN

International

Inc

15,107‌

650‌

CalAmp

Corp

(d)

48,461‌

588‌

Cincinnati

Bell

Inc

(d)

70,007‌

1,074‌

Consolidated

Communications

Holdings

Inc

(d)

101,187‌

778‌

Extreme

Networks

Inc

(d)

173,350‌

1,909‌

Harmonic

Inc

(d)

139,010‌

1,230‌

InterDigital

Inc

42,317‌

2,788‌

NETGEAR

Inc

(d)

41,896‌

1,435‌

Plantronics

Inc

(d)

52,356‌

1,633‌

Shenandoah

Telecommunications

Co

68,680‌

3,626‌

Spok

Holdings

Inc

24,525‌

202‌

Viavi

Solutions

Inc

(d)

314,413‌

5,248‌

Vonage

Holdings

Corp

(d)

324,954‌

4,634‌

$

27,286‌

Textiles

-

0

.32

%

UniFirst

Corp/MA

20,954‌

4,563‌

Transportation

-

1

.88

%

ArcBest

Corp

34,910‌

2,064‌

Atlas

Air

Worldwide

Holdings

Inc

(d)

37,896‌

2,538‌

Dorian

LPG

Ltd

37,289‌

451‌

Echo

Global

Logistics

Inc

(d)

36,629‌

1,133‌

Forward

Air

Corp

37,567‌

3,322‌

Heartland

Express

Inc

67,028‌

1,141‌

Hub

Group

Inc

(d)

46,433‌

3,078‌

Marten

Transport

Ltd

80,818‌

1,279‌

Matson

Inc

59,731‌

4,009‌

Saia

Inc

(d)

36,214‌

8,184‌

$

27,199‌

Trucking

&

Leasing

-

0

.13

%

Greenbrier

Cos

Inc/The

45,141‌

1,932‌

Water

-

0

.78

%

American

States

Water

Co

50,762‌

4,483‌

California

Water

Service

Group

69,905‌

4,382‌

Middlesex

Water

Co

24,028‌

2,445‌

$

11,310‌

TOTAL

COMMON

STOCKS

$

1,420,875‌

Total

Investments

$

1,458,145‌

Other

Assets

and

Liabilities

-  (0.79)%

(

11,364‌

)

TOTAL

NET

ASSETS

-

100.00%

$

1,446,781‌

(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

$11,715

or

0.81%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

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,

the

value

of

these

securities

totaled

$11,833

or

0.82%

of

net

assets.

Portfolio

Summary  (unaudited)

Sector

Percent

Financial

24

.50‌

%

Consumer,

Non-cyclical

17

.79‌

%

Industrial

17

.22‌

%

Consumer,

Cyclical

15

.21‌

%

Technology

8

.67‌

%

Basic

Materials

4

.44‌

%

Communications

4

.38‌

%

Energy

4

.23‌

%

Money

Market

Funds

2

.47‌

%

Utilities

1

.77‌

%

Investment

Companies

0

.11‌

%

Other

Assets

and

Liabilities

(

0

.79‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

34,576‌

$

472,018‌

$

475,317‌

$

31,277‌

$

34,576‌

$

472,018‌

$

475,317‌

$

31,277‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

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)

Russell

2000

Emini;

September

2021

Long

227‌

$

25,215‌

$

64‌

Total

$

64‌

Amounts

in

thousands

except

contracts.

Schedule

of

Investments

SmallCap

Value

Fund

II

July

31,

2021

(unaudited)

See

accompanying

notes.

238

INVESTMENT

COMPANIES

-

2

.71

%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0

.23

%

iShares

Russell

2000

Value

ETF

19,600‌

$

3,135‌

Money

Market

Funds

-

2

.48

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.03%

(a),(b)

3,170,560‌

3,171‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

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

30,449,246‌

30,449‌

$

33,620‌

TOTAL

INVESTMENT

COMPANIES

$

36,755‌

COMMON

STOCKS

-

96

.59

%

Shares

Held

Value

(000's)

Advertising

-

0

.14

%

Advantage

Solutions

Inc

(d)

105,608‌

$

1,033‌

Boston

Omaha

Corp

(d)

1,659‌

54‌

Clear

Channel

Outdoor

Holdings

Inc

(d)

31,585‌

84‌

Fluent

Inc

(d)

3,897‌

10‌

MDC

Partners

Inc

(d)

106,441‌

597‌

Mission

Produce

Inc

(d)

3,135‌

61‌

National

CineMedia

Inc

5,135‌

18‌

$

1,857‌

Aerospace

&

Defense

-

0

.53

%

AAR

Corp

(d)

68,342‌

2,444‌

Aerojet

Rocketdyne

Holdings

Inc

1,454‌

68‌

AerSale

Corp

(d)

859‌

10‌

Astronics

Corp

(d)

2,291‌

39‌

Barnes

Group

Inc

4,517‌

229‌

Ducommun

Inc

(d)

1,035‌

56‌

Kaman

Corp

2,634‌

117‌

Kratos

Defense

&

Security

Solutions

Inc

(d)

9,070‌

246‌

Moog

Inc

25,361‌

1,975‌

National

Presto

Industries

Inc

18,937‌

1,827‌

Park

Aerospace

Corp

1,860‌

28‌

Triumph

Group

Inc

(d)

4,874‌

93‌

$

7,132‌

Agriculture

-

0

.04

%

Andersons

Inc/The

1,783‌

48‌

Cadiz

Inc

(d)

1,772‌

24‌

Fresh

Del

Monte

Produce

Inc

3,199‌

99‌

Limoneira

Co

1,077‌

19‌

Tejon

Ranch

Co

(d)

1,957‌

36‌

Universal

Corp/VA

2,287‌

119‌

Vector

Group

Ltd

11,773‌

157‌

$

502‌

Airlines

-

0

.11

%

Hawaiian

Holdings

Inc

(d)

4,821‌

95‌

Mesa

Air

Group

Inc

(d)

3,187‌

29‌

SkyWest

Inc

(d)

4,750‌

192‌

Spirit

Airlines

Inc

(d)

45,182‌

1,219‌

$

1,535‌

Apparel

-

1

.13

%

Capri

Holdings

Ltd

(d)

211,290‌

11,898‌

Fossil

Group

Inc

(d)

4,496‌

57‌

Oxford

Industries

Inc

1,415‌

123‌

Rocky

Brands

Inc

15,222‌

828‌

Superior

Group

of

Cos

Inc

13,173‌

308‌

Unifi

Inc

(d)

27,757‌

655‌

Urban

Outfitters

Inc

(d)

37,335‌

1,388‌

$

15,257‌

Automobile

Manufacturers

-

0

.34

%

Blue

Bird

Corp

(d)

73,071‌

1,827‌

Canoo

Inc

(d),(e)

4,145‌

34‌

Fisker

Inc

(d),(e)

1,238‌

20‌

Hyliion

Holdings

Corp

(d)

9,037‌

88‌

Lordstown

Motors

Corp

(d),(e)

9,639‌

60‌

REV

Group

Inc

2,263‌

34‌

Wabash

National

Corp

160,246‌

2,346‌

Workhorse

Group

Inc

(d),(e)

10,694‌

123‌

XL

Fleet

Corp

(d)

3,179‌

22‌

$

4,554‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Automobile

Parts

&

Equipment

-

1

.09

%

Adient

PLC

(d)

62,457‌

$

2,631‌

Aeva

Technologies

Inc

(d)

2,365‌

21‌

American

Axle

&

Manufacturing

Holdings

Inc

(d)

5,401‌

52‌

Commercial

Vehicle

Group

Inc

(d)

1,923‌

18‌

Cooper-Standard

Holdings

Inc

(d)

1,560‌

41‌

Dana

Inc

6,420‌

155‌

Goodyear

Tire

&

Rubber

Co/The

(d)

168,887‌

2,654‌

Meritor

Inc

(d)

98,586‌

2,398‌

Methode

Electronics

Inc

52,941‌

2,532‌

Miller

Industries

Inc/TN

32,821‌

1,231‌

Modine

Manufacturing

Co

(d)

40,584‌

679‌

Motorcar

Parts

of

America

Inc

(d)

81,883‌

1,821‌

Romeo

Power

Inc

(d)

1,022‌

7‌

Standard

Motor

Products

Inc

10,544‌

440‌

Tenneco

Inc

(d)

570‌

10‌

Titan

International

Inc

(d)

4,053‌

35‌

$

14,725‌

Banks

-

13

.03

%

1st

Source

Corp

41,863‌

1,917‌

Alerus

Financial

Corp

1,385‌

39‌

Allegiance

Bancshares

Inc

1,815‌

66‌

Altabancorp

1,618‌

65‌

Amalgamated

Financial

Corp

62,297‌

957‌

American

National

Bankshares

Inc

979‌

31‌

Ameris

Bancorp

6,345‌

308‌

Arrow

Financial

Corp

1,278‌

46‌

Associated

Banc-Corp

129,347‌

2,561‌

Atlantic

Capital

Bancshares

Inc

(d)

1,875‌

45‌

Atlantic

Union

Bankshares

Corp

7,520‌

267‌

BancFirst

Corp

1,638‌

91‌

Bancorp

Inc/The

(d)

4,991‌

117‌

BancorpSouth

Bank

300,900‌

7,763‌

Bank

First

Corp

(e)

636‌

45‌

Bank

of

Marin

Bancorp

13,424‌

465‌

Bank

of

NT

Butterfield

&

Son

Ltd/The

4,786‌

159‌

BankUnited

Inc

252,958‌

10,012‌

Bankwell

Financial

Group

Inc

3,300‌

95‌

Banner

Corp

14,581‌

773‌

Bar

Harbor

Bankshares

31,524‌

903‌

BCB

Bancorp

Inc

8,000‌

120‌

Blue

Ridge

Bankshares

Inc

(e)

1,651‌

28‌

BOK

Financial

Corp

17,200‌

1,445‌

Bridgewater

Bancshares

Inc

(d)

34,964‌

567‌

Bryn

Mawr

Bank

Corp

21,884‌

857‌

Business

First

Bancshares

Inc

1,782‌

42‌

Byline

Bancorp

Inc

2,431‌

60‌

Cadence

BanCorp

86,295‌

1,639‌

Cambridge

Bancorp

649‌

56‌

Camden

National

Corp

15,060‌

674‌

Capital

Bancorp

Inc

27,236‌

619‌

Capital

City

Bank

Group

Inc

1,237‌

30‌

Capstar

Financial

Holdings

Inc

1,949‌

41‌

Carter

Bankshares

Inc

(d)

23,968‌

275‌

Cathay

General

Bancorp

81,038‌

3,069‌

CBTX

Inc

1,752‌

46‌

Central

Pacific

Financial

Corp

73,280‌

1,876‌

Central

Valley

Community

Bancorp

3,100‌

69‌

Century

Bancorp

Inc/MA

259‌

30‌

CIT

Group

Inc

57,274‌

2,763‌

Citizens

&

Northern

Corp

1,477‌

37‌

City

Holding

Co

1,476‌

112‌

Civista

Bancshares

Inc

29,465‌

675‌

CNB

Financial

Corp/PA

26,230‌

605‌

Coastal

Financial

Corp/WA

(d)

345‌

10‌

Columbia

Banking

System

Inc

6,865‌

240‌

Community

Bank

System

Inc

5,110‌

366‌

Community

Financial

Corp/The

4,300‌

157‌

Community

Trust

Bancorp

Inc

35,871‌

1,426‌

ConnectOne

Bancorp

Inc

76,295‌

2,007‌

Schedule

of

Investments

SmallCap

Value

Fund

II

July

31,

2021

(unaudited)

See

accompanying

notes.

239

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Banks

(continued)

CrossFirst

Bankshares

Inc

(d)

77,115‌

$

1,065‌

Customers

Bancorp

Inc

(d)

35,858‌

1,299‌

CVB

Financial

Corp

34,858‌

664‌

Dime

Community

Bancshares

Inc

58,158‌

1,921‌

Eagle

Bancorp

Inc

49,218‌

2,708‌

Eastern

Bankshares

Inc

56,315‌

1,028‌

Enterprise

Bancorp

Inc/MA

881‌

29‌

Enterprise

Financial

Services

Corp

17,015‌

758‌

Equity

Bancshares

Inc

(d)

51,488‌

1,517‌

Farmers

National

Banc

Corp

2,434‌

37‌

FB

Financial

Corp

52,011‌

1,967‌

Fidelity

D&D

Bancorp

Inc

380‌

19‌

Financial

Institutions

Inc

44,995‌

1,324‌

First

Bancorp

Inc/The

984‌

29‌

First

BanCorp/Puerto

Rico

279,075‌

3,386‌

First

Bancorp/Southern

Pines

NC

2,697‌

108‌

First

Bancshares

Inc/The

1,938‌

75‌

First

Bank/Hamilton

NJ

1,598‌

21‌

First

Busey

Corp

81,647‌

1,926‌

First

Business

Financial

Services

Inc

20,349‌

561‌

First

Commonwealth

Financial

Corp

8,993‌

118‌

First

Community

Bankshares

Inc

1,615‌

47‌

First

Financial

Bancorp

100,164‌

2,254‌

First

Financial

Bankshares

Inc

852‌

42‌

First

Financial

Corp/IN

45,257‌

1,813‌

First

Foundation

Inc

3,788‌

89‌

First

Hawaiian

Inc

75,407‌

2,076‌

First

Internet

Bancorp

36,783‌

1,114‌

First

Interstate

BancSystem

Inc

3,905‌

164‌

First

Merchants

Corp

13,833‌

563‌

First

Mid

Bancshares

Inc

31,583‌

1,285‌

First

Midwest

Bancorp

Inc/IL

43,969‌

789‌

First

of

Long

Island

Corp/The

62,231‌

1,341‌

Five

Star

Bancorp

379‌

9‌

Flagstar

Bancorp

Inc

4,973‌

228‌

FNB

Corp/PA

148,700‌

1,704‌

Fulton

Financial

Corp

146,970‌

2,251‌

German

American

Bancorp

Inc

2,355‌

89‌

Glacier

Bancorp

Inc

7,996‌

412‌

Great

Southern

Bancorp

Inc

34,220‌

1,780‌

Great

Western

Bancorp

Inc

64,044‌

1,972‌

Guaranty

Bancshares

Inc/TX

758‌

25‌

Hancock

Whitney

Corp

56,056‌

2,450‌

Hanmi

Financial

Corp

116,433‌

2,123‌

HarborOne

Bancorp

Inc

4,817‌

66‌

HBT

Financial

Inc

911‌

15‌

Heartland

Financial

USA

Inc

3,844‌

175‌

Heritage

Commerce

Corp

5,510‌

60‌

Heritage

Financial

Corp/WA

28,797‌

696‌

Hilltop

Holdings

Inc

42,838‌

1,357‌

Home

BancShares

Inc/AR

14,554‌

308‌

HomeStreet

Inc

45,235‌

1,706‌

Hope

Bancorp

Inc

185,359‌

2,456‌

Horizon

Bancorp

Inc/IN

73,641‌

1,231‌

Howard

Bancorp

Inc

(d)

1,306‌

26‌

Independent

Bank

Corp

3,144‌

222‌

Independent

Bank

Corp/MI

16,271‌

342‌

Independent

Bank

Group

Inc

3,591‌

250‌

International

Bancshares

Corp

41,518‌

1,622‌

Investar

Holding

Corp

27,800‌

610‌

Kearny

Financial

Corp/MD

4,904‌

59‌

Lakeland

Bancorp

Inc

112,410‌

1,840‌

Lakeland

Financial

Corp

2,159‌

144‌

Live

Oak

Bancshares

Inc

27,956‌

1,683‌

Luther

Burbank

Corp

74,883‌

970‌

Macatawa

Bank

Corp

2,458‌

20‌

Mercantile

Bank

Corp

38,772‌

1,212‌

Merchants

Bancorp/IN

936‌

34‌

Meta

Financial

Group

Inc

2,129‌

106‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Banks

(continued)

Metrocity

Bankshares

Inc

1,364‌

$

27‌

Metropolitan

Bank

Holding

Corp

(d)

32,132‌

2,282‌

Mid

Penn

Bancorp

Inc

934‌

24‌

Midland

States

Bancorp

Inc

82,918‌

2,041‌

MidWestOne

Financial

Group

Inc

43,450‌

1,266‌

MVB

Financial

Corp

902‌

37‌

National

Bank

Holdings

Corp

9,322‌

331‌

National

Bankshares

Inc

700‌

25‌

NBT

Bancorp

Inc

4,021‌

140‌

Nicolet

Bankshares

Inc

(d)

862‌

62‌

Northeast

Bank

2,300‌

73‌

Northrim

BanCorp

Inc

13,792‌

563‌

OFG

Bancorp

4,790‌

111‌

Old

National

Bancorp/IN

496,106‌

7,983‌

Old

Second

Bancorp

Inc

2,707‌

31‌

Origin

Bancorp

Inc

1,751‌

71‌

Orrstown

Financial

Services

Inc

25,700‌

593‌

PacWest

Bancorp

244,680‌

9,743‌

Park

National

Corp

1,372‌

156‌

PCB

Bancorp

19,000‌

360‌

PCSB

Financial

Corp

1,373‌

25‌

Peapack-Gladstone

Financial

Corp

58,955‌

1,899‌

Peoples

Bancorp

Inc/OH

42,622‌

1,257‌

Peoples

Financial

Services

Corp

666‌

29‌

Pioneer

Bancorp

Inc/NY

(d)

1,104‌

13‌

Popular

Inc

35,500‌

2,583‌

Preferred

Bank/Los

Angeles

CA

30,513‌

1,799‌

Premier

Financial

Bancorp

Inc

1,279‌

22‌

Premier

Financial

Corp

65,177‌

1,745‌

Primis

Financial

Corp

81,180‌

1,263‌

Provident

Bancorp

Inc

1,587‌

25‌

QCR

Holdings

Inc

1,466‌

72‌

RBB

Bancorp

41,538‌

994‌

Red

River

Bancshares

Inc

437‌

22‌

Reliant

Bancorp

Inc

1,451‌

40‌

Renasant

Corp

5,270‌

185‌

Republic

Bancorp

Inc/KY

20,790‌

1,013‌

Republic

First

Bancorp

Inc

(d)

4,264‌

16‌

S&T

Bancorp

Inc

78,748‌

2,319‌

Sandy

Spring

Bancorp

Inc

17,377‌

723‌

Seacoast

Banking

Corp

of

Florida

5,207‌

158‌

ServisFirst

Bancshares

Inc

795‌

57‌

Sierra

Bancorp

38,093‌

919‌

Simmons

First

National

Corp

42,001‌

1,143‌

SmartFinancial

Inc

1,296‌

32‌

South

Plains

Financial

Inc

1,021‌

24‌

South

State

Corp

6,764‌

466‌

Southern

First

Bancshares

Inc

(d)

479‌

24‌

Southside

Bancshares

Inc

2,980‌

107‌

Spirit

of

Texas

Bancshares

Inc

1,251‌

29‌

Stock

Yards

Bancorp

Inc

1,631‌

78‌

Summit

Financial

Group

Inc

1,036‌

24‌

Synovus

Financial

Corp

43,600‌

1,783‌

Texas

Capital

Bancshares

Inc

(d)

39,715‌

2,501‌

Tompkins

Financial

Corp

1,361‌

104‌

Towne

Bank/Portsmouth

VA

60,207‌

1,795‌

TriCo

Bancshares

14,186‌

560‌

TriState

Capital

Holdings

Inc

(d)

59,657‌

1,212‌

Triumph

Bancorp

Inc

(d)

149‌

11‌

TrustCo

Bank

Corp

NY

56,730‌

1,907‌

Trustmark

Corp

40,335‌

1,212‌

UMB

Financial

Corp

4,178‌

391‌

Umpqua

Holdings

Corp

54,300‌

1,025‌

United

Bankshares

Inc/WV

20,566‌

711‌

United

Community

Banks

Inc/GA

17,235‌

496‌

Univest

Financial

Corp

57,635‌

1,577‌

Valley

National

Bancorp

121,831‌

1,571‌

Veritex

Holdings

Inc

3,897‌

131‌

Walker

&

Dunlop

Inc

2,505‌

259‌

Schedule

of

Investments

SmallCap

Value

Fund

II

July

31,

2021

(unaudited)

See

accompanying

notes.

240

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Banks

(continued)

Washington

Trust

Bancorp

Inc

14,031‌

$

685‌

Webster

Financial

Corp

37,300‌

1,794‌

WesBanco

Inc

6,231‌

201‌

West

BanCorp

Inc

1,258‌

37‌

Westamerica

BanCorp

2,483‌

138‌

William

Penn

Bancorp

6,600‌

81‌

Wintrust

Financial

Corp

32,200‌

2,299‌

$

176,561‌

Beverages

-

0

.02

%

Duckhorn

Portfolio

Inc/The

(d)

632‌

14‌

MGP

Ingredients

Inc

219‌

13‌

NewAge

Inc

(d)

5,530‌

11‌

Primo

Water

Corp

15,007‌

248‌

$

286‌

Biotechnology

-

1

.01

%

4D

Molecular

Therapeutics

Inc

(d)

835‌

21‌

89bio

Inc

(d)

926‌

15‌

Achillion

Pharamceuticals

Inc

(d),(f)

8,433‌

4‌

Adicet

Bio

Inc

(d)

1,991‌

15‌

Adverum

Biotechnologies

Inc

(d)

8,235‌

19‌

Akero

Therapeutics

Inc

(d)

599‌

13‌

Akouos

Inc

(d)

2,286‌

25‌

Albireo

Pharma

Inc

(d)

353‌

10‌

Allogene

Therapeutics

Inc

(d)

3,869‌

85‌

Altimmune

Inc

(d)

3,096‌

28‌

AnaptysBio

Inc

(d)

23,181‌

532‌

ANI

Pharmaceuticals

Inc

(d)

929‌

32‌

Annexon

Inc

(d)

2,971‌

63‌

Applied

Therapeutics

Inc

(d)

474‌

8‌

Arbutus

Biopharma

Corp

(d)

6,664‌

18‌

Arcturus

Therapeutics

Holdings

Inc

(d)

2,011‌

63‌

Arcus

Biosciences

Inc

(d)

4,320‌

136‌

Arcutis

Biotherapeutics

Inc

(d)

2,371‌

55‌

Ardelyx

Inc

(d)

2,215‌

4‌

Arena

Pharmaceuticals

Inc

(d)

5,274‌

326‌

Atara

Biotherapeutics

Inc

(d)

24,642‌

314‌

Atea

Pharmaceuticals

Inc

(d),(e)

5,605‌

140‌

Athersys

Inc

(d)

3,247‌

5‌

Athira

Pharma

Inc

(d)

3,073‌

30‌

Atossa

Therapeutics

Inc

(d),(e)

10,378‌

31‌

Atreca

Inc

(d)

2,474‌

14‌

Avid

Bioservices

Inc

(d)

381‌

10‌

Avidity

Biosciences

Inc

(d)

2,387‌

46‌

Avrobio

Inc

(d)

3,458‌

25‌

BioCryst

Pharmaceuticals

Inc

(d)

15,233‌

246‌

Biohaven

Pharmaceutical

Holding

Co

Ltd

(d)

1,695‌

214‌

Black

Diamond

Therapeutics

Inc

(d)

2,169‌

21‌

Bluebird

Bio

Inc

(d)

6,442‌

164‌

Blueprint

Medicines

Corp

(d)

361‌

32‌

Bolt

Biotherapeutics

Inc

(d)

1,103‌

12‌

Bridgebio

Pharma

Inc

(d)

3,376‌

180‌

Brooklyn

ImmunoTherapeutics

Inc

(d),(e)

346‌

4‌

Cara

Therapeutics

Inc

(d)

4,235‌

51‌

Cardiff

Oncology

Inc

(d)

3,446‌

18‌

Celldex

Therapeutics

Inc

(d)

798‌

35‌

CEL-SCI

Corp

(d),(e)

361‌

3‌

Cerecor

Inc

(d)

498‌

1‌

ChemoCentryx

Inc

(d)

4,803‌

71‌

Chinook

Therapeutics

Inc

(d)

2,997‌

39‌

Clene

Inc

(d),(e)

868‌

7‌

Cogent

Biosciences

Inc

(d),(e)

2,530‌

15‌

Crinetics

Pharmaceuticals

Inc

(d)

557‌

10‌

Cullinan

Oncology

Inc

(d),(e)

1,177‌

27‌

Curis

Inc

(d)

42,882‌

326‌

Cymabay

Therapeutics

Inc

(d)

6,574‌

26‌

CytomX

Therapeutics

Inc

(d)

1,115‌

6‌

Deciphera

Pharmaceuticals

Inc

(d)

515‌

16‌

Design

Therapeutics

Inc

(d)

576‌

9‌

Dyne

Therapeutics

Inc

(d)

2,861‌

52‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Biotechnology

(continued)

Eiger

BioPharmaceuticals

Inc

(d)

3,050‌

$

24‌

Emergent

BioSolutions

Inc

(d)

95,084‌

6,266‌

Exagen

Inc

(d)

755‌

9‌

EyePoint

Pharmaceuticals

Inc

(d),(e)

2,011‌

17‌

FibroGen

Inc

(d)

759‌

10‌

Finch

Therapeutics

Group

Inc

(d),(e)

748‌

10‌

Forma

Therapeutics

Holdings

Inc

(d)

3,064‌

70‌

Frequency

Therapeutics

Inc

(d)

3,048‌

25‌

Gemini

Therapeutics

Inc

(d),(e)

2,000‌

8‌

Generation

Bio

Co

(d)

314‌

7‌

Geron

Corp

(d)

28,460‌

35‌

Gossamer

Bio

Inc

(d)

5,929‌

47‌

Harvard

Bioscience

Inc

(d)

583‌

5‌

Homology

Medicines

Inc

(d)

3,998‌

25‌

iBio

Inc

(d),(e)

20,328‌

25‌

Ikena

Oncology

Inc

(d)

855‌

8‌

Immunic

Inc

(d),(e)

1,475‌

13‌

ImmunityBio

Inc

(d)

5,663‌

62‌

ImmunoGen

Inc

(d)

8,536‌

48‌

Immunovant

Inc

(d)

1,270‌

13‌

Impel

Neuropharma

Inc

(d),(e)

223‌

3‌

Infinity

Pharmaceuticals

Inc

(d),(e)

1,020‌

2‌

Innoviva

Inc

(d)

5,340‌

76‌

Inovio

Pharmaceuticals

Inc

(d),(e)

19,728‌

166‌

Inozyme

Pharma

Inc

(d)

1,369‌

23‌

Instil

Bio

Inc

(d)

886‌

13‌

iTeos

Therapeutics

Inc

(d)

1,923‌

46‌

IVERIC

bio

Inc

(d)

6,903‌

60‌

Kaleido

Biosciences

Inc

(d),(e)

232‌

1‌

KemPharm

Inc

(d),(e)

1,397‌

14‌

Kezar

Life

Sciences

Inc

(d)

3,069‌

15‌

Kiniksa

Pharmaceuticals

Ltd

(d)

1,501‌

23‌

Kinnate

Biopharma

Inc

(d)

1,225‌

26‌

Kronos

Bio

Inc

(d),(e)

3,255‌

67‌

Krystal

Biotech

Inc

(d)

1,096‌

64‌

Lexicon

Pharmaceuticals

Inc

(d)

3,869‌

14‌

Ligand

Pharmaceuticals

Inc

(d)

1,266‌

144‌

Lineage

Cell

Therapeutics

Inc

(d),(e)

11,524‌

30‌

MacroGenics

Inc

(d)

447‌

11‌

Magenta

Therapeutics

Inc

(d)

254‌

2‌

MeiraGTx

Holdings

plc

(d)

2,659‌

37‌

Mersana

Therapeutics

Inc

(d)

1,947‌

21‌

Mustang

Bio

Inc

(d)

6,618‌

19‌

Myriad

Genetics

Inc

(d)

7,302‌

231‌

NGM

Biopharmaceuticals

Inc

(d)

2,717‌

55‌

Nkarta

Inc

(d)

1,343‌

43‌

Nurix

Therapeutics

Inc

(d)

322‌

10‌

Nuvation

Bio

Inc

(d)

645‌

6‌

Olema

Pharmaceuticals

Inc

(d)

616‌

14‌

Oncocyte

Corp

(d)

1,843‌

9‌

Oncorus

Inc

(d)

1,944‌

25‌

Oncternal

Therapeutics

Inc

(d)

4,219‌

16‌

Oyster

Point

Pharma

Inc

(d)

997‌

14‌

Pacific

Biosciences

of

California

Inc

(d)

10,075‌

324‌

Pliant

Therapeutics

Inc

(d)

231‌

5‌

Portage

Biotech

Inc

(d)

352‌

5‌

Poseida

Therapeutics

Inc

(d)

2,740‌

22‌

Praxis

Precision

Medicines

Inc

(d),(e)

2,131‌

33‌

Precigen

Inc

(d),(e)

1,541‌

8‌

Prothena

Corp

PLC

(d)

749‌

38‌

Provention

Bio

Inc

(d),(e)

5,289‌

32‌

Rain

Therapeutics

Inc

(d),(e)

281‌

5‌

Recursion

Pharmaceuticals

Inc

(d),(e)

660‌

20‌

REGENXBIO

Inc

(d)

1,797‌

58‌

Relay

Therapeutics

Inc

(d)

606‌

20‌

Replimune

Group

Inc

(d)

765‌

25‌

REVOLUTION

Medicines

Inc

(d)

4,865‌

139‌

Sana

Biotechnology

Inc

(d)

167‌

3‌

Sangamo

Therapeutics

Inc

(d)

1,162‌

11‌

Schedule

of

Investments

SmallCap

Value

Fund

II

July

31,

2021

(unaudited)

See

accompanying

notes.

241

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Biotechnology

(continued)

Scholar

Rock

Holding

Corp

(d)

408‌

$

13‌

Seer

Inc

(d)

887‌

28‌

Selecta

Biosciences

Inc

(d)

7,657‌

26‌

Sensei

Biotherapeutics

Inc

(d)

878‌

7‌

Shattuck

Labs

Inc

(d),(e)

490‌

11‌

Sigilon

Therapeutics

Inc

(d)

781‌

4‌

Silverback

Therapeutics

Inc

(d)

1,211‌

37‌

Solid

Biosciences

Inc

(d)

5,669‌

16‌

Sorrento

Therapeutics

Inc

(d),(e)

2,494‌

20‌

Spruce

Biosciences

Inc

(d)

943‌

9‌

SQZ

Biotechnologies

Co

(d)

2,168‌

26‌

Surface

Oncology

Inc

(d)

3,171‌

19‌

Sutro

Biopharma

Inc

(d)

3,853‌

66‌

Syndax

Pharmaceuticals

Inc

(d)

3,240‌

47‌

Talaris

Therapeutics

Inc

(d)

338‌

5‌

Tarsus

Pharmaceuticals

Inc

(d)

135‌

3‌

Taysha

Gene

Therapies

Inc

(d),(e)

441‌

8‌

TCR2

Therapeutics

Inc

(d)

2,906‌

36‌

Terns

Pharmaceuticals

Inc

(d)

330‌

2‌

Theravance

Biopharma

Inc

(d)

517‌

7‌

Translate

Bio

Inc

(d)

3,099‌

86‌

Travere

Therapeutics

Inc

(d)

5,186‌

71‌

Trillium

Therapeutics

Inc

(d)

7,912‌

52‌

Turning

Point

Therapeutics

Inc

(d)

3,900‌

249‌

UroGen

Pharma

Ltd

(d)

617‌

10‌

Vaxart

Inc

(d),(e)

1,163‌

8‌

VBI

Vaccines

Inc

(d)

2,493‌

7‌

Veracyte

Inc

(d)

6,435‌

287‌

Veru

Inc

(d)

1,709‌

12‌

Viking

Therapeutics

Inc

(d)

6,524‌

40‌

Viracta

Therapeutics

Inc

(d)

2,704‌

28‌

VistaGen

Therapeutics

Inc

(d)

3,382‌

9‌

Vor

BioPharma

Inc

(d),(e)

979‌

12‌

Werewolf

Therapeutics

Inc

(d)

287‌

5‌

XBiotech

Inc

(e)

1,430‌

23‌

XOMA

Corp

(d),(e)

530‌

17‌

$

13,753‌

Building

Materials

-

2

.29

%

American

Woodmark

Corp

(d)

1,620‌

120‌

Apogee

Enterprises

Inc

35,412‌

1,405‌

Armstrong

Flooring

Inc

(d)

176,151‌

761‌

Boise

Cascade

Co

36,449‌

1,865‌

Builders

FirstSource

Inc

(d)

65,785‌

2,927‌

Caesarstone

Ltd

2,085‌

28‌

Cornerstone

Building

Brands

Inc

(d)

47,190‌

794‌

Gibraltar

Industries

Inc

(d)

83,612‌

6,244‌

Griffon

Corp

24,331‌

562‌

JELD-WEN

Holding

Inc

(d)

96,322‌

2,551‌

Masonite

International

Corp

(d)

21,758‌

2,462‌

PGT

Innovations

Inc

(d)

2,933‌

66‌

Select

Interior

Concepts

Inc

(d)

21,200‌

232‌

SPX

Corp

(d)

136,553‌

9,103‌

Summit

Materials

Inc

(d)

11,195‌

376‌

UFP

Industries

Inc

18,190‌

1,351‌

US

Concrete

Inc

(d)

1,406‌

102‌

View

Inc

(d),(e)

8,083‌

49‌

$

30,998‌

Chemicals

-

3

.93

%

AdvanSix

Inc

(d)

25,573‌

855‌

American

Vanguard

Corp

113,075‌

1,867‌

Amyris

Inc

(d)

14,183‌

207‌

Cabot

Corp

36,400‌

2,004‌

Chemours

Co/The

364,130‌

12,107‌

Element

Solutions

Inc

811,075‌

18,971‌

Ferro

Corp

(d)

1,321‌

27‌

FMC

Corp

88,070‌

9,419‌

GCP

Applied

Technologies

Inc

(d)

17,391‌

404‌

Hawkins

Inc

19,813‌

719‌

HB

Fuller

Co

28,979‌

1,873‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Chemicals

(continued)

Innospec

Inc

4,146‌

$

367‌

Intrepid

Potash

Inc

(d)

952‌

29‌

Koppers

Holdings

Inc

(d)

1,978‌

61‌

Kraton

Corp

(d)

2,995‌

114‌

Kronos

Worldwide

Inc

1,814‌

25‌

Minerals

Technologies

Inc

3,189‌

256‌

Oil-Dri

Corp

of

America

487‌

17‌

PQ

Group

Holdings

Inc

120,897‌

1,881‌

Rayonier

Advanced

Materials

Inc

(d)

5,860‌

41‌

Rogers

Corp

(d)

215‌

41‌

Sensient

Technologies

Corp

1,948‌

170‌

Stepan

Co

1,864‌

220‌

Tronox

Holdings

PLC

10,936‌

202‌

Valhi

Inc

278‌

7‌

W

R

Grace

&

Co

3,700‌

258‌

Westlake

Chemical

Partners

LP

41,300‌

1,104‌

Zymergen

Inc

(d),(e)

1,434‌

50‌

$

53,296‌

Coal

-

0

.13

%

Arch

Resources

Inc

(d)

1,158‌

76‌

CONSOL

Energy

Inc

(d)

3,265‌

69‌

Peabody

Energy

Corp

(d)

6,604‌

77‌

SunCoke

Energy

Inc

7,858‌

61‌

Warrior

Met

Coal

Inc

82,717‌

1,544‌

$

1,827‌

Commercial

Services

-

5

.51

%

2U

Inc

(d)

1,058‌

46‌

Aaron's

Co

Inc/The

103,488‌

2,987‌

ABM

Industries

Inc

49,002‌

2,278‌

Acacia

Research

Corp

(d)

4,732‌

27‌

Adtalem

Global

Education

Inc

(d)

4,698‌

171‌

Alta

Equipment

Group

Inc

(d)

1,472‌

19‌

American

Public

Education

Inc

(d)

16,078‌

476‌

API

Group

Corp

(d),(g)

17,213‌

395‌

ASGN

Inc

(d)

117,889‌

11,922‌

Avis

Budget

Group

Inc

(d)

4,880‌

404‌

Barrett

Business

Services

Inc

712‌

52‌

BGSF

Inc

54,200‌

684‌

BrightView

Holdings

Inc

(d)

3,821‌

61‌

CAI

International

Inc

8,293‌

463‌

Carriage

Services

Inc

1,287‌

48‌

Cass

Information

Systems

Inc

50,435‌

2,224‌

CBIZ

Inc

(d)

44,171‌

1,428‌

Cimpress

PLC

(d)

3,956‌

404‌

CoreCivic

Inc

(d)

11,373‌

117‌

Coursera

Inc

(d)

1,147‌

41‌

CRA

International

Inc

121‌

10‌

Cross

Country

Healthcare

Inc

(d)

3,010‌

49‌

Custom

Truck

One

Source

Inc

(d),(e)

1,020‌

8‌

Deluxe

Corp

4,016‌

176‌

Emerald

Holding

Inc

(d)

492,360‌

1,945‌

Ennis

Inc

92,456‌

1,828‌

FTI

Consulting

Inc

(d)

71,770‌

10,457‌

GP

Strategies

Corp

(d)

53,882‌

1,096‌

Graham

Holdings

Co

368‌

245‌

Green

Dot

Corp

(d)

4,582‌

211‌

H&R

Block

Inc

96,300‌

2,364‌

Hackett

Group

Inc/The

222‌

4‌

Heidrick

&

Struggles

International

Inc

59,649‌

2,548‌

HireQuest

Inc

(e)

77‌

1‌

Huron

Consulting

Group

Inc

(d)

1,932‌

95‌

ICF

International

Inc

1,764‌

162‌

John

Wiley

&

Sons

Inc

4,115‌

242‌

Kelly

Services

Inc

(d)

90,293‌

1,980‌

Korn

Ferry

40,259‌

2,767‌

Laureate

Education

Inc

(d)

10,087‌

149‌

LiveRamp

Holdings

Inc

(d)

6,209‌

248‌

Macquarie

Infrastructure

Corp

5,009‌

198‌

Marathon

Digital

Holdings

Inc

(d),(e)

8,561‌

237‌

Schedule

of

Investments

SmallCap

Value

Fund

II

July

31,

2021

(unaudited)

See

accompanying

notes.

242

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Commercial

Services

(continued)

MoneyGram

International

Inc

(d)

7,437‌

$

77‌

Monro

Inc

1,214‌

70‌

Multiplan

Corp

(d),(e)

32,182‌

259‌

Perdoceo

Education

Corp

(d)

6,712‌

80‌

PROG

Holdings

Inc

21,259‌

930‌

Rent-A-Center

Inc/TX

35,014‌

2,004‌

Repay

Holdings

Corp

(d)

4,110‌

102‌

Resources

Connection

Inc

142,432‌

2,207‌

Ritchie

Bros

Auctioneers

Inc

139,715‌

8,345‌

RR

Donnelley

&

Sons

Co

(d)

6,758‌

41‌

Sabre

Corp

(d)

176,200‌

2,077‌

StoneMor

Inc

(d)

3,442‌

9‌

Strategic

Education

Inc

2,326‌

184‌

Stride

Inc

(d)

3,639‌

112‌

Team

Inc

(d)

2,511‌

15‌

Textainer

Group

Holdings

Ltd

(d)

3,955‌

128‌

Triton

International

Ltd

33,905‌

1,790‌

TrueBlue

Inc

(d)

91,209‌

2,480‌

Vectrus

Inc

(d)

49,212‌

2,229‌

Vivint

Smart

Home

Inc

(d)

6,415‌

79‌

Willdan

Group

Inc

(d)

259‌

11‌

WW

International

Inc

(d)

3,485‌

107‌

$

74,603‌

Computers

-

4

.33

%

3D

Systems

Corp

(d)

10,996‌

303‌

CACI

International

Inc

(d)

40,575‌

10,832‌

Conduent

Inc

(d)

15,985‌

107‌

Desktop

Metal

Inc

(d)

1,663‌

15‌

Diebold

Nixdorf

Inc

(d)

91,000‌

947‌

DXC

Technology

Co

(d)

56,480‌

2,258‌

ExlService

Holdings

Inc

(d)

110,235‌

12,481‌

ExOne

Co/The

(d),(e)

1,522‌

25‌

Insight

Enterprises

Inc

(d)

231,399‌

23,228‌

KBR

Inc

68,684‌

2,658‌

NetScout

Systems

Inc

(d)

6,639‌

191‌

Parsons

Corp

(d)

2,508‌

97‌

Ping

Identity

Holding

Corp

(d)

4,148‌

92‌

Quantum

Corp

(d)

5,326‌

33‌

Rekor

Systems

Inc

(d)

1,186‌

9‌

SecureWorks

Corp

(d)

911‌

18‌

StarTek

Inc

(d)

1,830‌

13‌

Super

Micro

Computer

Inc

(d)

71,215‌

2,709‌

Sykes

Enterprises

Inc

(d)

48,362‌

2,595‌

Unisys

Corp

(d)

1,331‌

30‌

$

58,641‌

Consumer

Products

-

0

.38

%

ACCO

Brands

Corp

307,873‌

2,753‌

Central

Garden

&

Pet

Co

(d)

45,477‌

2,196‌

Central

Garden

&

Pet

Co

-

A

Shares

(d)

2,377‌

103‌

Quanex

Building

Products

Corp

3,192‌

79‌

$

5,131‌

Cosmetics

&

Personal

Care

-

0

.61

%

Beauty

Health

Co/The

(d),(e)

455‌

8‌

Coty

Inc

(d)

927,310‌

8,095‌

Edgewell

Personal

Care

Co

5,181‌

213‌

Honest

Co

Inc/The

(d),(e)

737‌

11‌

Revlon

Inc

(d)

730‌

8‌

$

8,335‌

Distribution

&

Wholesale

-

1

.72

%

A-Mark

Precious

Metals

Inc

831‌

42‌

Avient

Corp

7,785‌

378‌

Core-Mark

Holding

Co

Inc

2,900‌

125‌

G-III

Apparel

Group

Ltd

(d)

46,009‌

1,374‌

Global

Industrial

Co

273‌

11‌

H&E

Equipment

Services

Inc

19,700‌

670‌

KAR

Auction

Services

Inc

(d)

11,874‌

196‌

Resideo

Technologies

Inc

(d)

120,812‌

3,564‌

ScanSource

Inc

(d)

89,352‌

2,465‌

Titan

Machinery

Inc

(d)

1,846‌

53‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Distribution

&

Wholesale

(continued)

Univar

Solutions

Inc

(d)

444,285‌

$

10,903‌

Veritiv

Corp

(d)

1,468‌

90‌

VSE

Corp

1,007‌

50‌

WESCO

International

Inc

(d)

31,282‌

3,330‌

$

23,251‌

Diversified

Financial

Services

-

3

.47

%

Amerant

Bancorp

Inc

(d)

1,999‌

44‌

America

First

Multifamily

Investors

LP

67,600‌

464‌

Arlington

Asset

Investment

Corp

(d)

133,800‌

516‌

Artisan

Partners

Asset

Management

Inc

17,639‌

848‌

AssetMark

Financial

Holdings

Inc

(d)

1,707‌

45‌

Associated

Capital

Group

Inc

221‌

8‌

B

Riley

Financial

Inc

1,901‌

128‌

BGC

Partners

Inc

31,651‌

169‌

Blucora

Inc

(d)

2,924‌

49‌

Brightsphere

Investment

Group

Inc

73,298‌

1,832‌

Columbia

Financial

Inc

(d)

2,433‌

44‌

Cowen

Inc

59,876‌

2,394‌

Diamond

Hill

Investment

Group

Inc

7,983‌

1,375‌

Encore

Capital

Group

Inc

(d)

2,942‌

139‌

Enova

International

Inc

(d)

14,779‌

489‌

Evercore

Inc

-

Class

A

9,800‌

1,296‌

EZCORP

Inc

(d)

4,569‌

26‌

Federal

Agricultural

Mortgage

Corp

19,771‌

1,928‌

Federated

Hermes

Inc

71,533‌

2,321‌

Finance

Of

America

Cos

Inc

(d)

3,182‌

21‌

GAMCO

Investors

Inc

79‌

2‌

GCM

Grosvenor

Inc

403‌

4‌

Greenhill

&

Co

Inc

127,099‌

2,036‌

Hannon

Armstrong

Sustainable

Infrastructure

Capital

Inc

6,892‌

391‌

Home

Point

Capital

Inc

(d),(e)

651‌

3‌

Houlihan

Lokey

Inc

628‌

56‌

LendingClub

Corp

(d)

9,204‌

225‌

LPL

Financial

Holdings

Inc

88,245‌

12,446‌

Marlin

Business

Services

Corp

819‌

19‌

Moelis

&

Co

174,686‌

10,350‌

Mr

Cooper

Group

Inc

(d)

6,768‌

252‌

Navient

Corp

106,969‌

2,186‌

Nelnet

Inc

1,603‌

121‌

Ocwen

Financial

Corp

(d)

775‌

20‌

Oportun

Financial

Corp

(d)

1,985‌

42‌

Oppenheimer

Holdings

Inc

860‌

39‌

PennyMac

Financial

Services

Inc

3,370‌

212‌

Piper

Sandler

Cos

1,688‌

207‌

PJT

Partners

Inc

361‌

28‌

PRA

Group

Inc

(d)

11,056‌

429‌

Regional

Management

Corp

8,710‌

451‌

Sculptor

Capital

Management

Inc

2,053‌

48‌

SLM

Corp

30,800‌

580‌

StepStone

Group

Inc

26,136‌

1,189‌

Stifel

Financial

Corp

6,140‌

409‌

StoneX

Group

Inc

(d)

1,463‌

94‌

Velocity

Financial

Inc

(d)

814‌

10‌

Virtus

Investment

Partners

Inc

3,600‌

994‌

WisdomTree

Investments

Inc

3,295‌

20‌

World

Acceptance

Corp

(d)

423‌

80‌

$

47,079‌

Electric

-

1

.40

%

ALLETE

Inc

41,031‌

2,885‌

Avista

Corp

65,589‌

2,809‌

Black

Hills

Corp

6,016‌

407‌

Clearway

Energy

Inc

-

Class

A

2,488‌

67‌

Clearway

Energy

Inc

-

Class

C

5,863‌

168‌

Hawaiian

Electric

Industries

Inc

56,900‌

2,466‌

MGE

Energy

Inc

3,476‌

272‌

NorthWestern

Corp

4,846‌

300‌

Ormat

Technologies

Inc

4,325‌

302‌

Otter

Tail

Corp

53,625‌

2,723‌

Schedule

of

Investments

SmallCap

Value

Fund

II

July

31,

2021

(unaudited)

See

accompanying

notes.

243

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Electric

(continued)

PNM

Resources

Inc

62,209‌

$

3,007‌

Portland

General

Electric

Co

70,138‌

3,430‌

Spark

Energy

Inc

159‌

2‌

Unitil

Corp

1,410‌

75‌

$

18,913‌

Electrical

Components

&

Equipment

-

0

.96

%

Acuity

Brands

Inc

8,000‌

1,403‌

American

Superconductor

Corp

(d)

2,523‌

35‌

Belden

Inc

53,320‌

2,613‌

Encore

Wire

Corp

30,659‌

2,405‌

Energizer

Holdings

Inc

42,900‌

1,838‌

EnerSys

30,646‌

3,024‌

Graham

Corp

42,034‌

575‌

Insteel

Industries

Inc

1,624‌

63‌

Powell

Industries

Inc

37,418‌

1,089‌

$

13,045‌

Electronics

-

2

.37

%

Allied

Motion

Technologies

Inc

88‌

3‌

Atkore

Inc

(d)

9,600‌

721‌

Avnet

Inc

62,500‌

2,582‌

Benchmark

Electronics

Inc

3,442‌

91‌

Brady

Corp

4,500‌

246‌

Comtech

Telecommunications

Corp

95,129‌

2,376‌

FARO

Technologies

Inc

(d)

866‌

63‌

Fluidigm

Corp

(d)

6,472‌

48‌

Identiv

Inc

(d)

169‌

3‌

II-VI

Inc

(d)

114,028‌

7,960‌

Itron

Inc

(d)

771‌

76‌

Jabil

Inc

136,140‌

8,106‌

Kimball

Electronics

Inc

(d)

61,374‌

1,251‌

Knowles

Corp

(d)

8,491‌

170‌

Mesa

Laboratories

Inc

466‌

137‌

NVE

Corp

16,439‌

1,234‌

OSI

Systems

Inc

(d)

1,449‌

145‌

Plexus

Corp

(d)

7,610‌

687‌

Sanmina

Corp

(d)

83,088‌

3,192‌

Stoneridge

Inc

(d)

2,106‌

61‌

TTM

Technologies

Inc

(d)

10,221‌

143‌

Turtle

Beach

Corp

(d)

318‌

10‌

Vishay

Intertechnology

Inc

124,143‌

2,748‌

Vishay

Precision

Group

Inc

(d)

1,149‌

42‌

$

32,095‌

Energy

-

Alternate

Sources

-

0

.27

%

Advent

Technologies

Holdings

Inc

(d),(e)

474‌

4‌

Aemetis

Inc

(d),(e)

2,210‌

19‌

Alto

Ingredients

Inc

(d)

6,821‌

36‌

Array

Technologies

Inc

(d)

9,333‌

126‌

Beam

Global

(d)

144‌

4‌

Cleanspark

Inc

(d),(e)

3,120‌

42‌

FuelCell

Energy

Inc

(d),(e)

7,104‌

45‌

FutureFuel

Corp

66,829‌

568‌

Gevo

Inc

(d),(e)

18,624‌

113‌

Green

Plains

Inc

(d)

19,188‌

679‌

Renewable

Energy

Group

Inc

(d)

4,272‌

262‌

REX

American

Resources

Corp

(d)

18,232‌

1,495‌

Sunnova

Energy

International

Inc

(d)

7,003‌

267‌

SunPower

Corp

(d)

1,562‌

39‌

$

3,699‌

Engineering

&

Construction

-

1

.39

%

Arcosa

Inc

4,622‌

253‌

Atlas

Technical

Consultants

Inc

(d)

1,057‌

10‌

Comfort

Systems

USA

Inc

18,100‌

1,353‌

Concrete

Pumping

Holdings

Inc

(d)

2,458‌

21‌

Dycom

Industries

Inc

(d)

527‌

37‌

EMCOR

Group

Inc

18,084‌

2,203‌

Fluor

Corp

(d)

145,152‌

2,418‌

Granite

Construction

Inc

4,363‌

168‌

Great

Lakes

Dredge

&

Dock

Corp

(d)

169,877‌

2,616‌

Infrastructure

and

Energy

Alternatives

Inc

(d)

1,178‌

14‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Engineering

&

Construction

(continued)

MasTec

Inc

(d)

6,613‌

$

669‌

Mistras

Group

Inc

(d)

1,901‌

20‌

MYR

Group

Inc

(d)

18,165‌

1,737‌

NV5

Global

Inc

(d)

927‌

88‌

Primoris

Services

Corp

82,989‌

2,482‌

Star

Group

LP

82,704‌

975‌

Sterling

Construction

Co

Inc

(d)

64,482‌

1,416‌

Tutor

Perini

Corp

(d)

131,363‌

1,848‌

WillScot

Mobile

Mini

Holdings

Corp

(d)

16,896‌

485‌

$

18,813‌

Entertainment

-

2

.15

%

AMC

Entertainment

Holdings

Inc

(d),(e)

38,869‌

1,439‌

Chicken

Soup

For

The

Soul

Entertainment

Inc

(d),(e)

803‌

29‌

Cinemark

Holdings

Inc

(d)

23,475‌

365‌

Eros

STX

Global

Corp

(d)

29,976‌

33‌

Everi

Holdings

Inc

(d)

304,825‌

6,917‌

GAN

Ltd

(d)

3,419‌

52‌

Hall

of

Fame

Resort

&

Entertainment

Co

(d)

5,234‌

16‌

IMAX

Corp

(d)

4,291‌

69‌

International

Game

Technology

PLC

(d)

546,668‌

10,250‌

Lions

Gate

Entertainment

Corp

-

A

shares

(d)

5,553‌

83‌

Lions

Gate

Entertainment

Corp

-

B

shares

(d)

10,994‌

147‌

Madison

Square

Garden

Entertainment

Corp

(d)

6,800‌

475‌

Monarch

Casino

&

Resort

Inc

(d)

234‌

15‌

Scientific

Games

Corp

(d)

148,468‌

9,162‌

SeaWorld

Entertainment

Inc

(d)

2,200‌

104‌

$

29,156‌

Environmental

Control

-

0

.06

%

Casella

Waste

Systems

Inc

(d)

370‌

25‌

CECO

Environmental

Corp

(d)

2,913‌

20‌

Centrus

Energy

Corp

(d)

898‌

21‌

Harsco

Corp

(d)

4,316‌

87‌

Heritage-Crystal

Clean

Inc

(d)

912‌

26‌

Pure

Cycle

Corp

(d)

246‌

4‌

US

Ecology

Inc

(d)

18,673‌

654‌

$

837‌

Food

-

2

.07

%

AquaBounty

Technologies

Inc

(d)

3,331‌

17‌

B&G

Foods

Inc

(e)

67,511‌

1,939‌

BellRing

Brands

Inc

(d)

19,181‌

634‌

Cal-Maine

Foods

Inc

3,402‌

119‌

Chefs'

Warehouse

Inc/The

(d)

2,814‌

81‌

HF

Foods

Group

Inc

(d)

3,350‌

17‌

Hostess

Brands

Inc

(d)

54,932‌

884‌

Ingles

Markets

Inc

36,991‌

2,210‌

John

B

Sanfilippo

&

Son

Inc

285‌

26‌

Laird

Superfood

Inc

(d)

140‌

4‌

Lancaster

Colony

Corp

220‌

44‌

Landec

Corp

(d)

2,431‌

27‌

Nathan's

Famous

Inc

87‌

6‌

Natural

Grocers

by

Vitamin

Cottage

Inc

108,728‌

1,215‌

Nomad

Foods

Ltd

(d)

281,640‌

7,357‌

Performance

Food

Group

Co

(d)

199,495‌

9,141‌

Sanderson

Farms

Inc

276‌

52‌

Seneca

Foods

Corp

-

Class

A

(d)

586‌

32‌

Simply

Good

Foods

Co/The

(d)

7,628‌

286‌

SpartanNash

Co

22,558‌

439‌

Sprouts

Farmers

Market

Inc

(d)

25,039‌

615‌

Tootsie

Roll

Industries

Inc

1,481‌

51‌

TreeHouse

Foods

Inc

(d)

4,961‌

220‌

United

Natural

Foods

Inc

(d)

4,988‌

165‌

Village

Super

Market

Inc

48,456‌

1,092‌

Weis

Markets

Inc

24,974‌

1,315‌

Whole

Earth

Brands

Inc

(d)

3,562‌

46‌

$

28,034‌

Food

Service

-

0

.01

%

Healthcare

Services

Group

Inc

3,395‌

89‌

Schedule

of

Investments

SmallCap

Value

Fund

II

July

31,

2021

(unaudited)

See

accompanying

notes.

244

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Forest

Products

&

Paper

-

0

.25

%

Clearwater

Paper

Corp

(d)

1,570‌

$

46‌

Domtar

Corp

(d)

18,369‌

1,009‌

Glatfelter

Corp

49,241‌

750‌

Mercer

International

Inc

118,600‌

1,379‌

Neenah

Inc

1,607‌

81‌

Schweitzer-Mauduit

International

Inc

2,985‌

117‌

Verso

Corp

2,915‌

56‌

$

3,438‌

Gas

-

1

.74

%

Brookfield

Infrastructure

Corp

(e)

3,492‌

226‌

Chesapeake

Utilities

Corp

1,643‌

205‌

New

Jersey

Resources

Corp

9,219‌

355‌

Northwest

Natural

Holding

Co

2,911‌

152‌

ONE

Gas

Inc

5,032‌

371‌

South

Jersey

Industries

Inc

97,576‌

2,456‌

Southwest

Gas

Holdings

Inc

143,464‌

10,033‌

Spire

Inc

137,679‌

9,768‌

$

23,566‌

Hand

&

Machine

Tools

-

0

.02

%

Kennametal

Inc

7,976‌

289‌

Luxfer

Holdings

PLC

1,543‌

32‌

$

321‌

Healthcare

-

Products

-

1

.78

%

Alphatec

Holdings

Inc

(d)

636‌

9‌

AngioDynamics

Inc

(d)

3,527‌

94‌

Apria

Inc

(d)

17,798‌

561‌

Asensus

Surgical

Inc

(d),(e)

15,345‌

36‌

Avanos

Medical

Inc

(d)

4,589‌

174‌

Avantor

Inc

(d)

272,575‌

10,243‌

Bioventus

Inc

(d)

135‌

2‌

Castle

Biosciences

Inc

(d)

163‌

11‌

CryoLife

Inc

(d)

429‌

12‌

Haemonetics

Corp

(d)

1,524‌

93‌

Hanger

Inc

(d)

112,791‌

2,768‌

Hologic

Inc

(d)

95,410‌

7,160‌

Integer

Holdings

Corp

(d)

3,134‌

307‌

Invacare

Corp

(d)

3,182‌

23‌

Lantheus

Holdings

Inc

(d)

5,494‌

144‌

LivaNova

PLC

(d)

914‌

79‌

Meridian

Bioscience

Inc

(d)

32,717‌

671‌

Merit

Medical

Systems

Inc

(d)

536‌

38‌

MiMedx

Group

Inc

(d),(e)

3,515‌

43‌

Misonix

Inc

(d)

538‌

14‌

NanoString

Technologies

Inc

(d)

345‌

21‌

Natus

Medical

Inc

(d)

3,214‌

86‌

Neogen

Corp

(d)

624‌

27‌

OraSure

Technologies

Inc

(d)

6,824‌

80‌

Orthofix

Medical

Inc

(d)

1,803‌

72‌

Patterson

Cos

Inc

38,184‌

1,189‌

SeaSpine

Holdings

Corp

(d)

1,493‌

29‌

Sientra

Inc

(d)

836‌

7‌

Talis

Biomedical

Corp

(d),(e)

1,374‌

14‌

Utah

Medical

Products

Inc

287‌

26‌

Varex

Imaging

Corp

(d)

3,169‌

86‌

$

24,119‌

Healthcare

-

Services

-

2

.20

%

Addus

HomeCare

Corp

(d)

841‌

73‌

American

Well

Corp

(d)

76,086‌

886‌

Brookdale

Senior

Living

Inc

(d)

17,659‌

133‌

Community

Health

Systems

Inc

(d)

1,538‌

20‌

Fulgent

Genetics

Inc

(d),(e)

1,697‌

157‌

Invitae

Corp

(d)

14,206‌

398‌

Magellan

Health

Inc

(d)

2,263‌

213‌

MEDNAX

Inc

(d)

51,005‌

1,485‌

ModivCare

Inc

(d)

791‌

134‌

Molina

Healthcare

Inc

(d)

41,080‌

11,215‌

National

HealthCare

Corp

1,197‌

93‌

Neuronetics

Inc

(d)

299‌

4‌

OPKO

Health

Inc

(d)

37,089‌

128‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Healthcare

-

Services

(continued)

Personalis

Inc

(d)

3,132‌

$

66‌

SOC

Telemed

Inc

(d)

992‌

5‌

Syneos

Health

Inc

(d)

153,695‌

13,782‌

Tenet

Healthcare

Corp

(d)

8,929‌

641‌

Tivity

Health

Inc

(d)

1,723‌

43‌

Triple-S

Management

Corp

(d)

15,178‌

370‌

Viemed

Healthcare

Inc

(d)

2,834‌

20‌

$

29,866‌

Home

Builders

-

1

.76

%

Beazer

Homes

USA

Inc

(d)

2,790‌

51‌

Cavco

Industries

Inc

(d)

258‌

61‌

Century

Communities

Inc

41,643‌

2,891‌

Forestar

Group

Inc

(d)

1,205‌

25‌

Green

Brick

Partners

Inc

(d)

28,199‌

707‌

Hovnanian

Enterprises

Inc

(d)

487‌

51‌

Installed

Building

Products

Inc

35,965‌

4,316‌

KB

Home

21,909‌

929‌

Landsea

Homes

Corp

(d)

692‌

6‌

LGI

Homes

Inc

(d)

11,200‌

1,914‌

M/I

Homes

Inc

(d)

47,037‌

3,043‌

MDC

Holdings

Inc

3,971‌

212‌

Meritage

Homes

Corp

(d)

36,119‌

3,922‌

Taylor

Morrison

Home

Corp

(d)

102,632‌

2,753‌

Tri

Pointe

Homes

Inc

(d)

125,880‌

3,037‌

$

23,918‌

Home

Furnishings

-

0

.46

%

Daktronics

Inc

(d)

3,672‌

22‌

Ethan

Allen

Interiors

Inc

91,926‌

2,185‌

Flexsteel

Industries

Inc

629‌

22‌

Hamilton

Beach

Brands

Holding

Co

507‌

9‌

Herman

Miller

Inc

47,617‌

2,055‌

Hooker

Furniture

Corp

51,980‌

1,726‌

iRobot

Corp

(d),(e)

243‌

21‌

Sleep

Number

Corp

(d)

1,173‌

116‌

Universal

Electronics

Inc

(d)

1,269‌

59‌

VOXX

International

Corp

(d)

1,482‌

17‌

$

6,232‌

Housewares

-

0

.06

%

Lifetime

Brands

Inc

1,233‌

18‌

Tupperware

Brands

Corp

(d)

39,630‌

828‌

$

846‌

Insurance

-

5

.37

%

Ambac

Financial

Group

Inc

(d)

134,513‌

1,953‌

American

Equity

Investment

Life

Holding

Co

71,902‌

2,307‌

American

National

Group

Inc

6,110‌

1,008‌

AMERISAFE

Inc

9,013‌

516‌

Argo

Group

International

Holdings

Ltd

17,791‌

928‌

Assured

Guaranty

Ltd

33,300‌

1,592‌

Axis

Capital

Holdings

Ltd

48,300‌

2,457‌

Brighthouse

Financial

Inc

(d)

32,200‌

1,387‌

Brown

&

Brown

Inc

162,490‌

8,839‌

Citizens

Inc/TX

(d),(e)

4,687‌

25‌

CNO

Financial

Group

Inc

113,050‌

2,582‌

Crawford

&

Co

1,604‌

17‌

Donegal

Group

Inc

1,385‌

21‌

eHealth

Inc

(d)

1,638‌

85‌

Employers

Holdings

Inc

55,546‌

2,306‌

Enstar

Group

Ltd

(d)

10,581‌

2,720‌

Essent

Group

Ltd

74,407‌

3,361‌

First

American

Financial

Corp

118,865‌

8,001‌

Genworth

Financial

Inc

(d)

48,385‌

162‌

Global

Indemnity

Group

LLC

25,729‌

662‌

Goosehead

Insurance

Inc

1,423‌

171‌

Greenlight

Capital

Re

Ltd

(d)

2,716‌

24‌

Hanover

Insurance

Group

Inc/The

18,700‌

2,541‌

HCI

Group

Inc

538‌

54‌

Heritage

Insurance

Holdings

Inc

2,164‌

16‌

Horace

Mann

Educators

Corp

69,261‌

2,757‌

Independence

Holding

Co

407‌

18‌

Schedule

of

Investments

SmallCap

Value

Fund

II

July

31,

2021

(unaudited)

See

accompanying

notes.

245

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Insurance

(continued)

Investors

Title

Co

112‌

$

19‌

James

River

Group

Holdings

Ltd

16,393‌

596‌

Maiden

Holdings

Ltd

(d)

6,626‌

22‌

MBIA

Inc

(d)

4,629‌

60‌

MetroMile

Inc

(d)

3,500‌

25‌

National

Western

Life

Group

Inc

8,720‌

1,813‌

NI

Holdings

Inc

(d)

845‌

17‌

NMI

Holdings

Inc

(d)

90,913‌

2,001‌

ProAssurance

Corp

43,164‌

875‌

ProSight

Global

Inc

(d)

896‌

11‌

Radian

Group

Inc

125,147‌

2,826‌

RLI

Corp

286‌

31‌

Safety

Insurance

Group

Inc

4,280‌

328‌

Selective

Insurance

Group

Inc

114,581‌

9,321‌

SiriusPoint

Ltd

(d)

258,642‌

2,535‌

State

Auto

Financial

Corp

1,658‌

83‌

Stewart

Information

Services

Corp

29,625‌

1,748‌

Tiptree

Inc

2,163‌

21‌

Trean

Insurance

Group

Inc

(d)

278,840‌

3,762‌

United

Fire

Group

Inc

1,962‌

49‌

United

Insurance

Holdings

Corp

2,257‌

10‌

Universal

Insurance

Holdings

Inc

2,583‌

37‌

$

72,700‌

Internet

-

0

.15

%

Cars.com

Inc

(d)

5,667‌

69‌

ChannelAdvisor

Corp

(d)

818‌

19‌

comScore

Inc

(d)

6,557‌

26‌

Digital

Media

Solutions

Inc

(d),(e)

168‌

1‌

ePlus

Inc

(d)

15,667‌

1,449‌

Groupon

Inc

(d)

313‌

11‌

HealthStream

Inc

(d)

2,424‌

71‌

Lands'

End

Inc

(d)

1,366‌

52‌

Limelight

Networks

Inc

(d)

11,871‌

33‌

MediaAlpha

Inc

(d)

194‌

7‌

Revolve

Group

Inc

(d)

1,269‌

88‌

Stamps.com

Inc

(d)

547‌

179‌

TrueCar

Inc

(d)

9,388‌

49‌

VirnetX

Holding

Corp

(d)

6,050‌

25‌

Yelp

Inc

(d)

502‌

19‌

$

2,098‌

Investment

Companies

-

0

.00

%

Altus

Midstream

Co

284‌

18‌

Iron

&

Steel

-

0

.17

%

Allegheny

Technologies

Inc

(d)

4,750‌

98‌

Carpenter

Technology

Corp

4,544‌

173‌

Commercial

Metals

Co

51,260‌

1,681‌

Schnitzer

Steel

Industries

Inc

6,467‌

339‌

$

2,291‌

Leisure

Products

&

Services

-

0

.39

%

Acushnet

Holdings

Corp

2,291‌

118‌

Callaway

Golf

Co

(d)

11,043‌

350‌

Drive

Shack

Inc

(d)

4,028‌

10‌

Escalade

Inc

718‌

16‌

Johnson

Outdoors

Inc

16,288‌

1,928‌

Liberty

TripAdvisor

Holdings

Inc

(d)

1,918‌

8‌

Nautilus

Inc

(d)

21,494‌

311‌

OneSpaWorld

Holdings

Ltd

(d)

2,544‌

25‌

OneWater

Marine

Inc

47,700‌

2,241‌

Vista

Outdoor

Inc

(d)

5,575‌

225‌

$

5,232‌

Lodging

-

0

.25

%

Bluegreen

Vacations

Holding

Corp

(d)

1,441‌

25‌

Hilton

Grand

Vacations

Inc

(d)

44,407‌

1,806‌

Marcus

Corp/The

(d)

2,175‌

35‌

Target

Hospitality

Corp

(d)

913‌

3‌

Travel

+

Leisure

Co

28,900‌

1,497‌

$

3,366‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Machinery

-

Construction

&

Mining

-

0

.17

%

Argan

Inc

1,421‌

$

64‌

Astec

Industries

Inc

2,162‌

132‌

Babcock

&

Wilcox

Enterprises

Inc

(d)

3,724‌

27‌

Hyster-Yale

Materials

Handling

Inc

27,868‌

1,996‌

Manitowoc

Co

Inc/The

(d)

3,272‌

76‌

$

2,295‌

Machinery

-

Diversified

-

1

.90

%

AgEagle

Aerial

Systems

Inc

(d),(e)

2,438‌

10‌

Alamo

Group

Inc

53,651‌

7,874‌

Albany

International

Corp

2,348‌

203‌

Altra

Industrial

Motion

Corp

6,182‌

388‌

Cactus

Inc

27,600‌

995‌

Chart

Industries

Inc

(d)

1,390‌

216‌

Columbus

McKinnon

Corp/NY

2,653‌

123‌

Crane

Co

16,800‌

1,633‌

DXP

Enterprises

Inc/TX

(d)

63,198‌

2,063‌

Eastman

Kodak

Co

(d),(e)

290‌

2‌

Flowserve

Corp

33,300‌

1,402‌

Gorman-Rupp

Co/The

1,767‌

63‌

GrafTech

International

Ltd

218,267‌

2,482‌

Ichor

Holdings

Ltd

(d)

70,830‌

3,653‌

Lindsay

Corp

99‌

16‌

Mueller

Water

Products

Inc

-

Class

A

104,522‌

1,549‌

NN

Inc

(d)

3,963‌

27‌

Ranpak

Holdings

Corp

(d)

2,721‌

70‌

SPX

FLOW

Inc

3,692‌

303‌

Thermon

Group

Holdings

Inc

(d)

149,471‌

2,490‌

Watts

Water

Technologies

Inc

1,157‌

174‌

$

25,736‌

Media

-

1

.64

%

AMC

Networks

Inc

(d)

13,879‌

695‌

CuriosityStream

Inc

(d),(e)

2,041‌

22‌

Entercom

Communications

Corp

(d)

11,252‌

40‌

Entravision

Communications

Corp

126,595‌

778‌

EW

Scripps

Co/The

5,465‌

104‌

Gannett

Co

Inc

(d)

98,727‌

569‌

Gray

Television

Inc

8,153‌

181‌

Hemisphere

Media

Group

Inc

(d)

1,515‌

19‌

Houghton

Mifflin

Harcourt

Co

(d)

895‌

10‌

iHeartMedia

Inc

(d)

29,893‌

773‌

Liberty

Latin

America

Ltd

-

Class

A

(d)

4,089‌

56‌

Liberty

Latin

America

Ltd

-

Class

C

(d)

50,238‌

695‌

Media

General

Inc

-

Rights

(d),(f)

15,053‌

1‌

Meredith

Corp

(d)

1,403‌

61‌

Scholastic

Corp

2,730‌

92‌

Sinclair

Broadcast

Group

Inc

312,504‌

8,841‌

TEGNA

Inc

520,129‌

9,217‌

Thryv

Holdings

Inc

(d)

141‌

5‌

Value

Line

Inc

12‌

—‌

WideOpenWest

Inc

(d)

1,872‌

42‌

$

22,201‌

Metal

Fabrication

&

Hardware

-

0

.86

%

AZZ

Inc

47,257‌

2,504‌

L

B

Foster

Co

(d)

1,300‌

24‌

Mayville

Engineering

Co

Inc

(d)

850‌

15‌

Mueller

Industries

Inc

45,969‌

1,995‌

Northwest

Pipe

Co

(d)

879‌

25‌

Olympic

Steel

Inc

852‌

26‌

Park-Ohio

Holdings

Corp

831‌

24‌

Proto

Labs

Inc

(d)

2,227‌

174‌

RBC

Bearings

Inc

(d)

2,024‌

476‌

Rexnord

Corp

14,299‌

805‌

Ryerson

Holding

Corp

15,696‌

247‌

Standex

International

Corp

1,148‌

106‌

TimkenSteel

Corp

(d)

4,236‌

56‌

Tredegar

Corp

81,966‌

1,071‌

TriMas

Corp

(d)

25,422‌

832‌

Valmont

Industries

Inc

7,755‌

1,837‌

Schedule

of

Investments

SmallCap

Value

Fund

II

July

31,

2021

(unaudited)

See

accompanying

notes.

246

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Metal

Fabrication

&

Hardware

(continued)

Worthington

Industries

Inc

22,604‌

$

1,446‌

$

11,663‌

Mining

-

0

.44

%

Alcoa

Corp

(d)

19,907‌

799‌

Arconic

Corp

(d)

10,533‌

379‌

Century

Aluminum

Co

(d)

4,629‌

67‌

Coeur

Mining

Inc

(d)

7,352‌

56‌

Compass

Minerals

International

Inc

27,000‌

1,851‌

Constellium

SE

(d)

11,712‌

221‌

Energy

Fuels

Inc/Canada

(d),(e)

1,881‌

10‌

Gatos

Silver

Inc

(d),(e)

602‌

8‌

Hecla

Mining

Co

35,769‌

239‌

Kaiser

Aluminum

Corp

19,468‌

2,369‌

PolyMet

Mining

Corp

(d)

2,205‌

7‌

United

States

Lime

&

Minerals

Inc

173‌

24‌

Ur-Energy

Inc

(d)

1,586‌

2‌

$

6,032‌

Miscellaneous

Manufacturers

-

2

.49

%

American

Outdoor

Brands

Inc

(d)

1,341‌

36‌

Chase

Corp

523‌

61‌

EnPro

Industries

Inc

30,631‌

2,852‌

ESCO

Technologies

Inc

2,234‌

211‌

Fabrinet

(d)

131,896‌

12,467‌

Federal

Signal

Corp

287,900‌

11,404‌

Haynes

International

Inc

1,155‌

44‌

Hillenbrand

Inc

61,034‌

2,764‌

Lydall

Inc

(d)

919‌

56‌

Materion

Corp

1,187‌

85‌

Myers

Industries

Inc

1,833‌

39‌

NL

Industries

Inc

722‌

4‌

Sturm

Ruger

&

Co

Inc

19,281‌

1,434‌

Trinity

Industries

Inc

8,278‌

224‌

Trinseo

SA

38,500‌

2,093‌

$

33,774‌

Office

Furnishings

-

0

.41

%

CompX

International

Inc

142‌

3‌

HNI

Corp

3,720‌

139‌

Interface

Inc

138,812‌

2,002‌

Kimball

International

Inc

93,498‌

1,157‌

Steelcase

Inc

168,418‌

2,315‌

$

5,616‌

Oil

&

Gas

-

3

.81

%

Amplify

Energy

Corp

(d)

28,700‌

94‌

Antero

Resources

Corp

(d)

24,004‌

326‌

Berry

Corp

259,537‌

1,440‌

Bonanza

Creek

Energy

Inc

58,341‌

2,244‌

Brigham

Minerals

Inc

4,161‌

82‌

California

Resources

Corp

(d)

74,022‌

2,081‌

Callon

Petroleum

Co

(d)

507‌

20‌

Centennial

Resource

Development

Inc/DE

(d)

15,082‌

79‌

Chesapeake

Energy

Corp

19,413‌

1,050‌

CNX

Resources

Corp

(d)

20,878‌

253‌

Comstock

Resources

Inc

(d)

413,411‌

2,513‌

CVR

Energy

Inc

31,185‌

426‌

Delek

US

Holdings

Inc

6,261‌

109‌

Earthstone

Energy

Inc

(d)

172,238‌

1,693‌

Extraction

Oil

&

Gas

Inc

(d)

896‌

40‌

Falcon

Minerals

Corp

786‌

4‌

Helmerich

&

Payne

Inc

10,047‌

288‌

HighPeak

Energy

Inc

575‌

6‌

HollyFrontier

Corp

36,700‌

1,079‌

Kosmos

Energy

Ltd

(d)

1,028,621‌

2,376‌

Laredo

Petroleum

Inc

(d)

873‌

48‌

Murphy

Oil

Corp

106,483‌

2,312‌

Nabors

Industries

Ltd

(d)

673‌

59‌

Northern

Oil

and

Gas

Inc

138,661‌

2,395‌

Oasis

Petroleum

Inc

23,185‌

2,126‌

Ovintiv

Inc

349,845‌

8,977‌

Par

Pacific

Holdings

Inc

(d)

70,367‌

1,153‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Oil

&

Gas

(continued)

Patterson-UTI

Energy

Inc

17,800‌

$

143‌

PBF

Energy

Inc

(d)

9,169‌

84‌

PDC

Energy

Inc

157,921‌

6,245‌

Penn

Virginia

Corp

(d)

133,366‌

2,466‌

Range

Resources

Corp

(d)

194,217‌

2,958‌

Riley

Exploration

Permian

Inc

233‌

5‌

SM

Energy

Co

11,124‌

208‌

Southwestern

Energy

Co

(d)

766,244‌

3,609‌

Talos

Energy

Inc

(d)

2,973‌

34‌

W&T

Offshore

Inc

(d)

9,091‌

37‌

Whiting

Petroleum

Corp

(d)

55,957‌

2,624‌

$

51,686‌

Oil

&

Gas

Services

-

1

.95

%

Archrock

Inc

12,867‌

111‌

Bristow

Group

Inc

(d)

615‌

16‌

ChampionX

Corp

(d)

189,108‌

4,395‌

Core

Laboratories

NV

11,100‌

370‌

Dril-Quip

Inc

(d)

53,248‌

1,522‌

Frank's

International

NV

(d),(e)

747,102‌

2,054‌

FTS

International

Inc

(d)

845‌

17‌

Helix

Energy

Solutions

Group

Inc

(d)

290,356‌

1,205‌

Liberty

Oilfield

Services

Inc

(d)

135,193‌

1,378‌

Matrix

Service

Co

(d)

123,430‌

1,347‌

MRC

Global

Inc

(d)

7,679‌

70‌

National

Energy

Services

Reunited

Corp

(d)

101,037‌

1,304‌

Newpark

Resources

Inc

(d)

146,093‌

471‌

NexTier

Oilfield

Solutions

Inc

(d)

629,286‌

2,404‌

NOW

Inc

(d)

46,307‌

457‌

Oceaneering

International

Inc

(d)

9,420‌

125‌

Oil

States

International

Inc

(d)

102,825‌

582‌

ProPetro

Holding

Corp

(d)

118,244‌

892‌

RPC

Inc

(d)

6,444‌

27‌

Select

Energy

Services

Inc

(d)

175,255‌

1,043‌

Solaris

Oilfield

Infrastructure

Inc

182,569‌

1,588‌

TechnipFMC

PLC

(d)

681,615‌

4,922‌

TETRA

Technologies

Inc

(d)

3,068‌

9‌

US

Silica

Holdings

Inc

(d)

6,928‌

70‌

$

26,379‌

Packaging

&

Containers

-

0

.03

%

Greif

Inc

-

Class

A

2,111‌

128‌

Greif

Inc

-

Class

B

484‌

30‌

Matthews

International

Corp

2,950‌

102‌

Pactiv

Evergreen

Inc

4,101‌

59‌

UFP

Technologies

Inc

(d)

574‌

34‌

$

353‌

Pharmaceuticals

-

0

.60

%

AdaptHealth

Corp

(d)

7,519‌

168‌

Aduro

Biotech

(d)

161‌

—‌

Aeglea

BioTherapeutics

Inc

(d)

3,853‌

24‌

Agios

Pharmaceuticals

Inc

(d)

5,877‌

283‌

Akebia

Therapeutics

Inc

(d)

8,699‌

21‌

Amphastar

Pharmaceuticals

Inc

(d)

2,461‌

51‌

Anika

Therapeutics

Inc

(d)

1,373‌

55‌

Artana

Therapeutics

(d),(f)

581‌

—‌

Athenex

Inc

(d),(e)

3,396‌

13‌

Catalyst

Pharmaceuticals

Inc

(d)

9,262‌

54‌

Chimerix

Inc

(d)

1,968‌

13‌

Citius

Pharmaceuticals

Inc

(d)

10,652‌

20‌

CorMedix

Inc

(d)

3,272‌

19‌

Covetrus

Inc

(d)

9,874‌

251‌

Cytokinetics

Inc

(d)

464‌

14‌

Eagle

Pharmaceuticals

Inc/DE

(d)

587‌

27‌

Enanta

Pharmaceuticals

Inc

(d)

1,623‌

68‌

Endo

International

PLC

(d)

21,872‌

111‌

Foghorn

Therapeutics

Inc

(d)

1,584‌

14‌

Fulcrum

Therapeutics

Inc

(d)

2,110‌

15‌

G1

Therapeutics

Inc

(d)

1,534‌

26‌

Gritstone

bio

Inc

(d)

3,849‌

26‌

Hookipa

Pharma

Inc

(d)

874‌

7‌

Schedule

of

Investments

SmallCap

Value

Fund

II

July

31,

2021

(unaudited)

See

accompanying

notes.

247

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Pharmaceuticals

(continued)

Ideaya

Biosciences

Inc

(d)

2,031‌

$

50‌

Jounce

Therapeutics

Inc

(d)

3,142‌

16‌

Kala

Pharmaceuticals

Inc

(d),(e)

1,852‌

6‌

Kura

Oncology

Inc

(d)

6,060‌

115‌

MannKind

Corp

(d)

21,157‌

87‌

Mirum

Pharmaceuticals

Inc

(d)

214‌

3‌

Nature's

Sunshine

Products

Inc

1,127‌

20‌

Neoleukin

Therapeutics

Inc

(d)

2,570‌

18‌

NexImmune

Inc

(d),(e)

256‌

3‌

Option

Care

Health

Inc

(d)

10,554‌

219‌

ORIC

Pharmaceuticals

Inc

(d)

2,416‌

40‌

Owens

&

Minor

Inc

1,202‌

56‌

Passage

Bio

Inc

(d)

3,536‌

42‌

Prestige

Consumer

Healthcare

Inc

(d)

4,777‌

251‌

Prometheus

Biosciences

Inc

(d)

936‌

20‌

Reata

Pharmaceuticals

Inc

(d)

341‌

43‌

Reneo

Pharmaceuticals

Inc

(d)

239‌

2‌

Rhythm

Pharmaceuticals

Inc

(d)

4,200‌

73‌

Spero

Therapeutics

Inc

(d)

133‌

2‌

Supernus

Pharmaceuticals

Inc

(d)

4,685‌

123‌

Syros

Pharmaceuticals

Inc

(d)

2,831‌

13‌

Taro

Pharmaceutical

Industries

Ltd

(d)

34,000‌

2,421‌

Tonix

Pharmaceuticals

Holding

Corp

(d),(e)

30,647‌

22‌

Trevena

Inc

(d)

10,077‌

13‌

USANA

Health

Sciences

Inc

(d)

19,400‌

1,848‌

Vanda

Pharmaceuticals

Inc

(d)

72,525‌

1,183‌

Vaxcyte

Inc

(d)

2,692‌

58‌

Zogenix

Inc

(d)

5,348‌

87‌

$

8,114‌

Pipelines

-

0

.29

%

Equitrans

Midstream

Corp

338,632‌

2,784‌

Golar

LNG

Ltd

(d)

9,809‌

109‌

Rattler

Midstream

LP

96,200‌

1,001‌

$

3,894‌

Private

Equity

-

0

.13

%

Victory

Capital

Holdings

Inc

55,739‌

1,699‌

Real

Estate

-

0

.38

%

FRP

Holdings

Inc

(d)

635‌

38‌

Kennedy-Wilson

Holdings

Inc

11,457‌

231‌

Legacy

Housing

Corp

(d)

763‌

14‌

Marcus

&

Millichap

Inc

(d)

1,982‌

79‌

McGrath

RentCorp

718‌

56‌

Radius

Global

Infrastructure

Inc

(d)

4,194‌

64‌

RE/MAX

Holdings

Inc

53,963‌

1,852‌

Realogy

Holdings

Corp

(d)

10,990‌

195‌

RMR

Group

Inc/The

65,405‌

2,566‌

$

5,095‌

REITs

-

3

.07

%

Acadia

Realty

Trust

37,436‌

801‌

Agree

Realty

Corp

6,417‌

482‌

Alexander

&

Baldwin

Inc

6,834‌

137‌

Alexander's

Inc

6,500‌

1,812‌

American

Assets

Trust

Inc

4,766‌

176‌

American

Finance

Trust

Inc

9,886‌

84‌

Apartment

Investment

and

Management

Co

14,213‌

99‌

Apollo

Commercial

Real

Estate

Finance

Inc

25,989‌

396‌

Apple

Hospitality

REIT

Inc

20,040‌

300‌

Arbor

Realty

Trust

Inc

12,140‌

222‌

Ares

Commercial

Real

Estate

Corp

3,595‌

54‌

Armada

Hoffler

Properties

Inc

5,696‌

74‌

ARMOUR

Residential

REIT

Inc

6,745‌

70‌

Ashford

Hospitality

Trust

Inc

(d)

1,040‌

17‌

Blackstone

Mortgage

Trust

Inc

13,213‌

428‌

Braemar

Hotels

&

Resorts

Inc

(d)

4,243‌

22‌

Brandywine

Realty

Trust

16,193‌

226‌

BrightSpire

Capital

Inc

209,306‌

1,991‌

Broadmark

Realty

Capital

Inc

12,234‌

127‌

Broadstone

Net

Lease

Inc

13,578‌

353‌

BRT

Apartments

Corp

1,041‌

18‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

REITs

(continued)

Capstead

Mortgage

Corp

9,060‌

$

58‌

CareTrust

REIT

Inc

9,208‌

222‌

CatchMark

Timber

Trust

Inc

1,369‌

16‌

Centerspace

1,261‌

114‌

Chatham

Lodging

Trust

(d)

4,560‌

56‌

Chimera

Investment

Corp

21,969‌

323‌

City

Office

REIT

Inc

4,001‌

52‌

Clipper

Realty

Inc

240‌

2‌

Columbia

Property

Trust

Inc

10,940‌

182‌

Community

Healthcare

Trust

Inc

802‌

40‌

CorePoint

Lodging

Inc

(d)

3,703‌

50‌

Corporate

Office

Properties

Trust

10,780‌

317‌

CTO

Realty

Growth

Inc

556‌

31‌

DiamondRock

Hospitality

Co

(d)

19,961‌

172‌

DigitalBridge

Group

Inc

(d)

45,632‌

318‌

Diversified

Healthcare

Trust

22,555‌

88‌

Dynex

Capital

Inc

71,356‌

1,246‌

Easterly

Government

Properties

Inc

23,117‌

525‌

Ellington

Financial

Inc

3,898‌

71‌

Empire

State

Realty

Trust

Inc

13,645‌

156‌

Equity

Commonwealth

11,192‌

294‌

Essential

Properties

Realty

Trust

Inc

11,171‌

333‌

Farmland

Partners

Inc

2,455‌

31‌

Four

Corners

Property

Trust

Inc

7,258‌

208‌

Franklin

Street

Properties

Corp

9,848‌

51‌

GEO

Group

Inc/The

11,201‌

78‌

Getty

Realty

Corp

3,800‌

120‌

Gladstone

Commercial

Corp

2,483‌

58‌

Gladstone

Land

Corp

977‌

23‌

Global

Medical

REIT

Inc

5,408‌

84‌

Global

Net

Lease

Inc

9,163‌

169‌

Granite

Point

Mortgage

Trust

Inc

51,568‌

728‌

Great

Ajax

Corp

93,919‌

1,191‌

Healthcare

Realty

Trust

Inc

44,242‌

1,410‌

Hersha

Hospitality

Trust

(d)

3,206‌

30‌

Independence

Realty

Trust

Inc

9,748‌

188‌

Indus

Realty

Trust

Inc

119‌

8‌

Industrial

Logistics

Properties

Trust

6,151‌

167‌

Innovative

Industrial

Properties

Inc

1,078‌

232‌

Invesco

Mortgage

Capital

Inc

23,679‌

81‌

iStar

Inc

51,894‌

1,258‌

Kite

Realty

Group

Trust

7,884‌

159‌

KKR

Real

Estate

Finance

Trust

Inc

3,080‌

66‌

Ladder

Capital

Corp

10,842‌

124‌

Lexington

Realty

Trust

26,185‌

344‌

LTC

Properties

Inc

3,711‌

140‌

Macerich

Co/The

18,861‌

307‌

Mack-Cali

Realty

Corp

(d)

8,379‌

151‌

MFA

Financial

Inc

190,421‌

890‌

Monmouth

Real

Estate

Investment

Corp

7,797‌

148‌

National

Health

Investors

Inc

4,174‌

285‌

NETSTREIT

Corp

3,783‌

98‌

New

Senior

Investment

Group

Inc

7,770‌

72‌

New

York

Mortgage

Trust

Inc

36,234‌

158‌

NexPoint

Residential

Trust

Inc

1,718‌

101‌

Office

Properties

Income

Trust

4,525‌

131‌

One

Liberty

Properties

Inc

1,479‌

45‌

Orchid

Island

Capital

Inc

9,045‌

45‌

Outfront

Media

Inc

11,123‌

266‌

Paramount

Group

Inc

17,815‌

174‌

Pebblebrook

Hotel

Trust

119,005‌

2,676‌

PennyMac

Mortgage

Investment

Trust

7,507‌

148‌

Physicians

Realty

Trust

20,581‌

390‌

Piedmont

Office

Realty

Trust

Inc

30,954‌

589‌

Plymouth

Industrial

REIT

Inc

2,790‌

64‌

Postal

Realty

Trust

Inc

1,146‌

22‌

PotlatchDeltic

Corp

6,301‌

327‌

Preferred

Apartment

Communities

Inc

4,779‌

50‌

PS

Business

Parks

Inc

287‌

44‌

Schedule

of

Investments

SmallCap

Value

Fund

II

July

31,

2021

(unaudited)

See

accompanying

notes.

248

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

REITs

(continued)

QTS

Realty

Trust

Inc

3,796‌

$

295‌

Ready

Capital

Corp

5,444‌

82‌

Redwood

Trust

Inc

10,784‌

128‌

Retail

Opportunity

Investments

Corp

11,094‌

196‌

Retail

Properties

of

America

Inc

20,472‌

258‌

Retail

Value

Inc

1,668‌

41‌

RLJ

Lodging

Trust

15,622‌

224‌

RPT

Realty

7,657‌

98‌

Ryman

Hospitality

Properties

Inc

(d)

415‌

32‌

Sabra

Health

Care

REIT

Inc

20,581‌

383‌

Safehold

Inc

564‌

51‌

Saul

Centers

Inc

107‌

5‌

Seritage

Growth

Properties

(d)

88,138‌

1,398‌

Service

Properties

Trust

15,661‌

174‌

SITE

Centers

Corp

16,535‌

262‌

STAG

Industrial

Inc

15,357‌

635‌

Summit

Hotel

Properties

Inc

(d)

9,821‌

88‌

Sunstone

Hotel

Investors

Inc

(d)

690,942‌

7,974‌

Tanger

Factory

Outlet

Centers

Inc

6,842‌

117‌

Terreno

Realty

Corp

6,543‌

447‌

TPG

RE

Finance

Trust

Inc

65,986‌

869‌

Two

Harbors

Investment

Corp

29,931‌

192‌

UMH

Properties

Inc

544‌

13‌

Uniti

Group

Inc

18,559‌

217‌

Universal

Health

Realty

Income

Trust

115‌

7‌

Urban

Edge

Properties

11,048‌

210‌

Urstadt

Biddle

Properties

Inc

2,798‌

53‌

Washington

Real

Estate

Investment

Trust

8,077‌

196‌

Whitestone

REIT

3,759‌

33‌

Xenia

Hotels

&

Resorts

Inc

(d)

10,872‌

192‌

$

41,554‌

Retail

-

4

.82

%

Abercrombie

&

Fitch

Co

(d)

5,361‌

203‌

Academy

Sports

&

Outdoors

Inc

(d)

33,953‌

1,258‌

American

Eagle

Outfitters

Inc

41,500‌

1,431‌

America's

Car-Mart

Inc/TX

(d)

89‌

14‌

Asbury

Automotive

Group

Inc

(d)

12,773‌

2,624‌

Barnes

&

Noble

Education

Inc

(d)

3,663‌

31‌

Bassett

Furniture

Industries

Inc

884‌

20‌

Beacon

Roofing

Supply

Inc

(d)

1,335‌

71‌

Bed

Bath

&

Beyond

Inc

(d)

9,301‌

265‌

Big

5

Sporting

Goods

Corp

(e)

56,083‌

1,230‌

Big

Lots

Inc

6,611‌

381‌

Biglari

Holdings

Inc

(d)

77‌

13‌

BJ's

Restaurants

Inc

(d)

193‌

8‌

BJ's

Wholesale

Club

Holdings

Inc

(d)

9,567‌

484‌

BlueLinx

Holdings

Inc

(d)

20,400‌

876‌

Brinker

International

Inc

(d)

31,200‌

1,695‌

Buckle

Inc/The

10,246‌

431‌

Cannae

Holdings

Inc

(d)

8,333‌

277‌

CarLotz

Inc

(d),(e)

4,144‌

18‌

Carrols

Restaurant

Group

Inc

(d)

3,328‌

16‌

Cato

Corp/The

128,188‌

2,115‌

Chico's

FAS

Inc

(d)

9,022‌

56‌

Chuy's

Holdings

Inc

(d)

1,009‌

33‌

Clean

Energy

Fuels

Corp

(d)

13,269‌

100‌

Conn's

Inc

(d)

1,699‌

38‌

Container

Store

Group

Inc/The

(d)

2,957‌

31‌

Dave

&

Buster's

Entertainment

Inc

(d)

2,220‌

74‌

Del

Taco

Restaurants

Inc

2,804‌

24‌

Denny's

Corp

(d)

1,425‌

20‌

Dillard's

Inc

(e)

600‌

110‌

El

Pollo

Loco

Holdings

Inc

(d)

1,814‌

34‌

Fiesta

Restaurant

Group

Inc

(d)

1,676‌

22‌

FirstCash

Inc

3,569‌

283‌

Foot

Locker

Inc

22,600‌

1,290‌

Franchise

Group

Inc

(e)

36,930‌

1,254‌

Genesco

Inc

(d)

44,296‌

2,545‌

GMS

Inc

(d)

4,077‌

200‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Retail

(continued)

Group

1

Automotive

Inc

37,517‌

$

6,518‌

Guess?

Inc

3,339‌

75‌

Haverty

Furniture

Cos

Inc

11,636‌

418‌

Hibbett

Inc

27,315‌

2,422‌

Jack

in

the

Box

Inc

17,596‌

1,915‌

La-Z-Boy

Inc

63,685‌

2,138‌

Lazydays

Holdings

Inc

(d)

696‌

15‌

Lithia

Motors

Inc

1,248‌

471‌

Lumber

Liquidators

Holdings

Inc

(d)

2,730‌

52‌

Macy's

Inc

(d)

29,982‌

510‌

MarineMax

Inc

(d)

29,088‌

1,565‌

Movado

Group

Inc

1,460‌

44‌

Nu

Skin

Enterprises

Inc

26,725‌

1,435‌

ODP

Corp/The

(d)

48,027‌

2,273‌

PC

Connection

Inc

41,720‌

1,984‌

Penske

Automotive

Group

Inc

16,700‌

1,480‌

PetMed

Express

Inc

(e)

20,518‌

644‌

Potbelly

Corp

(d)

43,300‌

302‌

PriceSmart

Inc

2,075‌

186‌

Regis

Corp

(d)

295‌

2‌

Rite

Aid

Corp

(d)

28,811‌

438‌

Rush

Enterprises

Inc

-

Class

A

224,741‌

10,560‌

Rush

Enterprises

Inc

-

Class

B

594‌

26‌

Shift

Technologies

Inc

(d),(e)

4,740‌

40‌

Shoe

Carnival

Inc

178‌

6‌

Signet

Jewelers

Ltd

1,099‌

71‌

Sonic

Automotive

Inc

49,686‌

2,711‌

Suburban

Propane

Partners

LP

13,613‌

220‌

Tilly's

Inc

83,425‌

1,237‌

TravelCenters

of

America

Inc

(d)

1,188‌

34‌

Vera

Bradley

Inc

(d)

177,251‌

1,952‌

Winmark

Corp

214‌

45‌

World

Fuel

Services

Corp

42,335‌

1,459‌

Zumiez

Inc

(d)

56,941‌

2,486‌

$

65,309‌

Savings

&

Loans

-

1

.55

%

Axos

Financial

Inc

(d)

4,945‌

237‌

Banc

of

California

Inc

4,220‌

72‌

Berkshire

Hills

Bancorp

Inc

20,875‌

564‌

Brookline

Bancorp

Inc

111,996‌

1,610‌

Capitol

Federal

Financial

Inc

12,400‌

138‌

Flushing

Financial

Corp

120,565‌

2,659‌

FS

Bancorp

Inc

16,893‌

587‌

Hingham

Institution

For

Savings

The

128‌

38‌

Home

Bancorp

Inc

703‌

25‌

HomeTrust

Bancshares

Inc

22,627‌

596‌

Investors

Bancorp

Inc

189,095‌

2,613‌

Meridian

Bancorp

Inc

37,024‌

708‌

Northfield

Bancorp

Inc

83,827‌

1,379‌

Northwest

Bancshares

Inc

11,678‌

155‌

OceanFirst

Financial

Corp

91,540‌

1,785‌

Pacific

Premier

Bancorp

Inc

7,584‌

288‌

Provident

Financial

Services

Inc

121,098‌

2,615‌

Southern

Missouri

Bancorp

Inc

14,554‌

653‌

Territorial

Bancorp

Inc

24,468‌

625‌

Washington

Federal

Inc

94,249‌

3,042‌

Waterstone

Financial

Inc

8,307‌

164‌

WSFS

Financial

Corp

10,671‌

467‌

$

21,020‌

Semiconductors

-

2

.77

%

Alpha

&

Omega

Semiconductor

Ltd

(d)

416‌

11‌

Ambarella

Inc

(d)

2,567‌

253‌

Amkor

Technology

Inc

26,987‌

665‌

AXT

Inc

(d)

3,682‌

38‌

CMC

Materials

Inc

55,930‌

8,090‌

Cohu

Inc

(d)

8,562‌

303‌

CTS

Corp

2,364‌

83‌

Diodes

Inc

(d)

31,741‌

2,602‌

DSP

Group

Inc

(d)

2,148‌

35‌

Schedule

of

Investments

SmallCap

Value

Fund

II

July

31,

2021

(unaudited)

See

accompanying

notes.

249

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Semiconductors

(continued)

EMCORE

Corp

(d)

2,962‌

$

26‌

FormFactor

Inc

(d)

924‌

34‌

MKS

Instruments

Inc

53,940‌

8,438‌

Onto

Innovation

Inc

(d)

3,183‌

223‌

Photronics

Inc

(d)

198,394‌

2,652‌

Rambus

Inc

(d)

40,187‌

951‌

SkyWater

Technology

Inc

(d),(e)

71‌

1‌

Synaptics

Inc

(d)

5,754‌

874‌

Tower

Semiconductor

Ltd

(d)

298,955‌

8,326‌

Ultra

Clean

Holdings

Inc

(d)

70,225‌

3,793‌

Veeco

Instruments

Inc

(d)

4,748‌

110‌

$

37,508‌

Software

-

0

.58

%

Agilysys

Inc

(d)

194‌

11‌

Alkami

Technology

Inc

(d)

45‌

1‌

Allscripts

Healthcare

Solutions

Inc

(d)

13,354‌

228‌

American

Software

Inc/GA

644‌

14‌

Asana

Inc

(d)

570‌

41‌

Benefitfocus

Inc

(d)

763‌

10‌

BM

Technologies

Inc

(d)

13,325‌

133‌

Bottomline

Technologies

DE

Inc

(d)

3,487‌

141‌

Castlight

Health

Inc

(d)

11,253‌

26‌

Cloudera

Inc

(d)

8,611‌

137‌

Computer

Programs

and

Systems

Inc

1,341‌

42‌

CSG

Systems

International

Inc

15,253‌

692‌

Daily

Journal

Corp

(d)

114‌

38‌

DarioHealth

Corp

(d)

1,281‌

19‌

Digi

International

Inc

(d)

3,219‌

67‌

DigitalOcean

Holdings

Inc

(d)

81‌

4‌

Donnelley

Financial

Solutions

Inc

(d)

2,639‌

85‌

E2open

Parent

Holdings

Inc

(d),(e)

3,983‌

40‌

Ebix

Inc

48,129‌

1,454‌

eGain

Corp

(d)

1,027‌

12‌

Envestnet

Inc

(d)

330‌

25‌

Evolent

Health

Inc

(d)

5,907‌

136‌

Forian

Inc

(d),(e)

171‌

2‌

Genius

Brands

International

Inc

(d)

26,698‌

42‌

GTY

Technology

Holdings

Inc

(d)

3,068‌

21‌

ManTech

International

Corp/VA

2,615‌

229‌

Model

N

Inc

(d)

304‌

10‌

NantHealth

Inc

(d)

1,363‌

3‌

NextGen

Healthcare

Inc

(d)

5,356‌

87‌

ON24

Inc

(d),(e)

12,084‌

441‌

PDF

Solutions

Inc

(d)

2,827‌

53‌

QAD

Inc

137‌

12‌

Rackspace

Technology

Inc

(d)

27,876‌

494‌

Smith

Micro

Software

Inc

(d)

4,240‌

24‌

Verint

Systems

Inc

(d)

6,146‌

262‌

Xperi

Holding

Corp

135,430‌

2,813‌

$

7,849‌

Supranational

Bank

-

0

.00

%

Banco

Latinoamericano

de

Comercio

Exterior

SA

2,913‌

48‌

Telecommunications

-

0

.95

%

A10

Networks

Inc

(d)

953‌

12‌

ADTRAN

Inc

4,285‌

96‌

Anterix

Inc

(d)

741‌

43‌

ATN

International

Inc

1,058‌

46‌

Aviat

Networks

Inc

(d)

916‌

34‌

Calix

Inc

(d)

894‌

42‌

Casa

Systems

Inc

(d)

67,100‌

504‌

Cincinnati

Bell

Inc

(d)

2,809‌

43‌

Consolidated

Communications

Holdings

Inc

(d)

6,953‌

53‌

DZS

Inc

(d)

915‌

18‌

EchoStar

Corp

(d)

3,941‌

88‌

Globalstar

Inc

(d)

7,051‌

10‌

Gogo

Inc

(d),(e)

5,236‌

54‌

Harmonic

Inc

(d)

6,943‌

61‌

HC2

Holdings

Inc

(d)

4,515‌

17‌

IDT

Corp

-

Class

B

(d)

470‌

23‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Telecommunications

(continued)

Inseego

Corp

(d),(e)

6,272‌

$

55‌

InterDigital

Inc

1,769‌

117‌

Iridium

Communications

Inc

(d)

2,792‌

118‌

KVH

Industries

Inc

(d)

1,443‌

16‌

Maxar

Technologies

Inc

6,841‌

248‌

NeoPhotonics

Corp

(d)

4,808‌

47‌

NETGEAR

Inc

(d)

55,874‌

1,913‌

Ooma

Inc

(d)

866‌

16‌

Plantronics

Inc

(d)

1,894‌

59‌

Preformed

Line

Products

Co

17,401‌

1,192‌

Ribbon

Communications

Inc

(d)

6,707‌

46‌

Shenandoah

Telecommunications

Co

3,047‌

161‌

Switch

Inc

356,570‌

7,367‌

Telephone

and

Data

Systems

Inc

9,641‌

216‌

United

States

Cellular

Corp

(d)

1,455‌

53‌

Viavi

Solutions

Inc

(d)

2,440‌

41‌

$

12,809‌

Textiles

-

0

.42

%

Culp

Inc

35,400‌

530‌

UniFirst

Corp/MA

23,887‌

5,202‌

$

5,732‌

Transportation

-

1

.45

%

AFC

Gamma

Inc

688‌

15‌

Air

Transport

Services

Group

Inc

(d)

5,628‌

136‌

ArcBest

Corp

2,414‌

143‌

Atlas

Air

Worldwide

Holdings

Inc

(d)

18,172‌

1,217‌

Costamare

Inc

5,034‌

55‌

Covenant

Logistics

Group

Inc

(d)

1,167‌

25‌

DHT

Holdings

Inc

13,814‌

80‌

Dorian

LPG

Ltd

2,332‌

28‌

Eagle

Bulk

Shipping

Inc

(d)

791‌

33‌

Echo

Global

Logistics

Inc

(d)

35,658‌

1,103‌

Forward

Air

Corp

14,700‌

1,300‌

Frontline

Ltd/Bermuda

(e)

11,212‌

89‌

Genco

Shipping

&

Trading

Ltd

3,062‌

54‌

Heartland

Express

Inc

37,753‌

643‌

Hoegh

LNG

Partners

LP

(e)

13,700‌

75‌

Hub

Group

Inc

(d)

3,158‌

209‌

Ideanomics

Inc

(d),(e)

38,889‌

92‌

International

Seaways

Inc

3,969‌

65‌

Landstar

System

Inc

17,260‌

2,710‌

Marten

Transport

Ltd

5,675‌

90‌

Matson

Inc

35,525‌

2,384‌

Nordic

American

Tankers

Ltd

(e)

14,371‌

38‌

PAM

Transportation

Services

Inc

(d)

165‌

10‌

Radiant

Logistics

Inc

(d)

3,688‌

23‌

Safe

Bulkers

Inc

(d)

5,229‌

17‌

Saia

Inc

(d)

29,770‌

6,728‌

Schneider

National

Inc

24,600‌

552‌

Scorpio

Tankers

Inc

4,651‌

76‌

SFL

Corp

Ltd

9,972‌

68‌

Teekay

Corp

(d)

6,610‌

20‌

Teekay

Tankers

Ltd

(d)

2,272‌

29‌

Tidewater

Inc

(d)

3,815‌

43‌

Universal

Logistics

Holdings

Inc

50,982‌

1,175‌

US

Xpress

Enterprises

Inc

(d)

2,562‌

22‌

Werner

Enterprises

Inc

5,273‌

241‌

Yellow

Corp

(d)

4,532‌

24‌

$

19,612‌

Trucking

&

Leasing

-

0

.73

%

GATX

Corp

80,609‌

7,436‌

Greenbrier

Cos

Inc/The

57,411‌

2,457‌

Willis

Lease

Finance

Corp

(d)

256‌

11‌

$

9,904‌

Water

-

0

.06

%

American

States

Water

Co

1,688‌

149‌

Artesian

Resources

Corp

773‌

30‌

California

Water

Service

Group

4,848‌

304‌

Middlesex

Water

Co

1,034‌

105‌

Schedule

of

Investments

SmallCap

Value

Fund

II

July

31,

2021

(unaudited)

See

accompanying

notes.

250

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Water

(continued)

SJW

Group

2,640‌

$

182‌

York

Water

Co/The

475‌

23‌

$

793‌

TOTAL

COMMON

STOCKS

$

1,308,690‌

Total

Investments

$

1,345,445‌

Other

Assets

and

Liabilities

-  0.70%

9,521‌

TOTAL

NET

ASSETS

-

100.00%

$

1,354,966‌

(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

$8,371

or

0.62%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940,

as

amended,

(the

"1940

Act"))

or

an

affiliate

as

defined

by

the

1940

act

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

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,

the

value

of

these

securities

totaled

$7,966

or

0.59%

of

net

assets.

(f)

The

value

of

these

investments

was

determined

using

significant

unobservable

inputs,

in

good

faith

by

the

Manager,

under

procedures

established

and

periodically

reviewed

by

the

Board

of

Directors.

(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

$395

or

0.03%

of

net

assets.

Portfolio

Summary  (unaudited)

Sector

Percent

Financial

27

.00‌

%

Industrial

15

.25‌

%

Consumer,

Cyclical

15

.12‌

%

Consumer,

Non-cyclical

14

.22‌

%

Technology

7

.68‌

%

Energy

6

.45‌

%

Basic

Materials

4

.79‌

%

Utilities

3

.20‌

%

Communications

2

.88‌

%

Money

Market

Funds

2

.48‌

%

Investment

Companies

0

.23‌

%

Government

0

.00‌

%

Other

Assets

and

Liabilities

0

.70‌

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

October

31,

2020

Purchases

Sales

July

31,

2021

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

16,879‌

$

640,714‌

$

627,144‌

$

30,449‌

$

16,879‌

$

640,714‌

$

627,144‌

$

30,449‌

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%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

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)

Russell

2000

Emini;

September

2021

Long

93‌

$

10,330‌

$

(

74‌

)

Total

$

(

74‌

)

Amounts

in

thousands

except

contracts.

Schedule

of

Investments

Tax-Exempt

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

251

INVESTMENT

COMPANIES

-

3.51%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

3.51%

iShares

National

Muni

Bond

ETF

54,700‌

$

6,431‌

iShares

Short-Term

National

Muni

Bond

ETF

77,374‌

8,356‌

SPDR

Nuveen

Bloomberg

Barclays

High

Yield

Municipal

Bond

ETF

80,031‌

4,883‌

VanEck

Vectors

High

Yield

Muni

ETF

113,537‌

7,252‌

$

26,922‌

TOTAL

INVESTMENT

COMPANIES

$

26,922‌

MUNICIPAL

BONDS

-

97.03%

Principal

Amount

(000's)

Value

(000's)

Alabama

-

2.71%

Columbia

Industrial

Development

Board

0.03%,

12/01/2037

(a)

$

2,700‌

$

2,700‌

Lower

Alabama

Gas

District/The

5.00%,

09/01/2034

3,500‌

4,840‌

5.00%,

09/01/2046

4,000‌

6,161‌

Phenix

City

Industrial

Development

Board

4.13%,

05/15/2035

3,000‌

3,106‌

Tuscaloosa

County

Industrial

Development

Authority

4.50%,

05/01/2032

(b)

929‌

1,017‌

5.25%,

05/01/2044

(b)

2,500‌

2,950‌

$

20,774‌

Arizona

-

1.50

%

Arizona

Industrial

Development

Authority

5.00%,

01/01/2043

575‌

622‌

5.50%,

01/01/2054

(b)

1,500‌

1,437‌

Chandler

Industrial

Development

Authority

2.70%,

12/01/2037

(a)

1,300‌

1,361‌

Navajo

Nation

5.50%,

12/01/2030

(b)

1,240‌

1,405‌

Salt

Verde

Financial

Corp

5.00%,

12/01/2032

4,965‌

6,649‌

$

11,474‌

California

-

9.48%

Alum

Rock

Union

Elementary

School

District

5.25%,

08/01/2043

1,000‌

1,085‌

Bay

Area

Toll

Authority

0.01%,

04/01/2047

(a)

4,000‌

4,000‌

California

Health

Facilities

Financing

Authority

5.00%,

11/15/2046

(c)

1,691‌

2,030‌

California

Municipal

Finance

Authority

5.00%,

05/15/2033

1,000‌

1,272‌

5.00%,

05/15/2034

600‌

762‌

California

Municipal

Finance

Authority

(credit

support

from

Build

America

Mutual

Assurance

Corp

-

Transfer

Custodial

Receipt

)

5.00%,

05/15/2031

(d)

2,240‌

2,866‌

California

Pollution

Control

Financing

Authority

0.20%,

11/01/2042

(a),(b)

2,000‌

2,000‌

4.30%,

07/01/2040

2,000‌

2,289‌

City

of

Los

Angeles

Department

of

Airports

4.00%,

05/15/2035

5,000‌

6,157‌

4.00%,

05/15/2037

1,000‌

1,224‌

5.00%,

05/15/2028

2,000‌

2,545‌

5.00%,

05/15/2037

(c)

735‌

936‌

5.00%,

05/15/2039

(c)

513‌

650‌

5.00%,

05/15/2042

(c)

837‌

995‌

5.00%,

05/15/2044

(c)

1,410‌

1,749‌

5.00%,

05/15/2044

(c)

632‌

792‌

5.00%,

05/15/2044

(c)

94‌

117‌

5.00%,

05/15/2047

(c)

598‌

730‌

5.25%,

05/15/2048

(c)

342‌

429‌

Golden

State

Tobacco

Securitization

Corp

5.00%,

06/01/2047

2,840‌

2,932‌

5.30%,

06/01/2037

1,000‌

1,038‌

Oakland

Unified

School

District/Alameda

County

5.00%,

08/01/2034

2,210‌

2,600‌

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

California

(continued)

Riverside

Community

Properties

Development

Inc

6.00%,

10/15/2038

$

1,150‌

$

1,299‌

Sacramento

Area

Flood

Control

Agency

(credit

support

from

Build

America

Mutual

Assurance

Corp

)

5.00%,

10/01/2039

(d)

1,340‌

1,522‌

Sacramento

County

Water

Financing

Authority

5.00%,

06/01/2027

500‌

631‌

San

Diego

County

Regional

Airport

Authority

5.00%,

07/01/2029

410‌

531‌

5.00%,

07/01/2030

480‌

633‌

5.00%,

07/01/2031

500‌

656‌

5.00%,

07/01/2032

455‌

595‌

5.00%,

07/01/2033

500‌

652‌

5.00%,

07/01/2034

415‌

540‌

5.00%,

07/01/2035

300‌

389‌

5.00%,

07/01/2037

450‌

581‌

5.00%,

07/01/2038

500‌

644‌

5.00%,

07/01/2040

265‌

340‌

San

Diego

Unified

School

District/CA

0.00%,

07/01/2032

(e)

5,000‌

4,337‌

Southern

California

Public

Power

Authority

5.00%,

11/01/2028

2,385‌

3,040‌

State

of

California

0.01%,

05/01/2033

(a)

1,000‌

1,000‌

5.00%,

08/01/2028

2,000‌

2,598‌

University

of

California

4.00%,

05/15/2038

10,005‌

12,476‌

West

Contra

Costa

Unified

School

District

5.25%,

08/01/2033

1,000‌

1,102‌

$

72,764‌

Colorado

-

4.52%

Colorado

Educational

&

Cultural

Facilities

Authority

0.03%,

01/01/2039

(a)

3,000‌

3,000‌

Colorado

Health

Facilities

Authority

4.00%,

11/01/2039

6,275‌

7,528‌

Colorado

Housing

and

Finance

Authority

(credit

support

from

Ginnie

Mae

Collateral

)

0.02%,

11/01/2041

(a),(d)

1,180‌

1,180‌

Cottonwood

Highlands

Metropolitan

District

No

1

5.00%,

12/01/2049

1,250‌

1,349‌

Denver

Convention

Center

Hotel

Authority

5.00%,

12/01/2036

1,000‌

1,172‌

Dominion

Water

&

Sanitation

District

5.25%,

12/01/2027

1,340‌

1,386‌

Elbert

County

Independence

Water

&

Sanitation

District

7.25%,

12/01/2038

1,000‌

1,088‌

Jefferson

County

School

District

R-1

(credit

support

from

State

Aid

Withholding

)

4.00%,

12/15/2034

(c),(d)

2,317‌

2,910‌

4.00%,

12/15/2036

(c),(d)

6,180‌

7,718‌

Painted

Prairie

Public

Improvement

Authority

5.00%,

12/01/2049

1,000‌

1,094‌

STC

Metropolitan

District

No

2

4.00%,

12/01/2029

1,000‌

1,090‌

Transport

Metropolitan

District

No

3

5.00%,

12/01/2051

1,500‌

1,682‌

Velocity

Metropolitan

District

No

3

5.13%,

12/01/2034

2,235‌

2,434‌

5.50%,

12/01/2048

1,000‌

1,088‌

$

34,719‌

Connecticut

-

0.86%

Mohegan

Tribal

Finance

Authority

7.00%,

02/01/2045

(b)

4,000‌

4,252‌

Schedule

of

Investments

Tax-Exempt

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

252

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Connecticut

(continued)

State

of

Connecticut

Special

Tax

Revenue

5.00%,

05/01/2030

$

1,755‌

$

2,358‌

$

6,610‌

District

of

Columbia

-

2.28%

District

of

Columbia

5.00%,

03/01/2029

4,900‌

6,436‌

Metropolitan

Washington

Airports

Authority

Aviation

Revenue

5.00%,

10/01/2033

7,250‌

9,769‌

Metropolitan

Washington

Airports

Authority

Dulles

Toll

Road

Revenue

5.00%,

10/01/2047

1,000‌

1,260‌

$

17,465‌

Florida

-

4.56%

City

of

Lakeland

FL

Department

of

Electric

Utilities

5.25%,

10/01/2036

1,000‌

1,446‌

Collier

County

Health

Facilities

Authority

5.00%,

05/01/2043

3,500‌

4,243‌

Florida

Development

Finance

Corp

7.38%,

01/01/2049

(b)

6,750‌

7,454‌

Greater

Orlando

Aviation

Authority

5.00%,

10/01/2047

(c)

7,001‌

8,465‌

Lee

County

Industrial

Development

Authority/FL

0.04%,

12/01/2046

(a)

4,900‌

4,900‌

Orange

County

School

Board

5.00%,

08/01/2032

5,000‌

7,038‌

Village

Community

Development

District

No

13

2.63%,

05/01/2024

375‌

385‌

3.00%,

05/01/2029

995‌

1,071‌

$

35,002‌

Georgia

-

0.65%

Development

Authority

of

Appling

County

1.50%,

01/01/2038

(a)

2,500‌

2,569‌

George

L

Smith

II

Congress

Center

Authority

5.00%,

01/01/2036

(b)

1,000‌

1,235‌

5.00%,

01/01/2054

(b)

1,000‌

1,206‌

$

5,010‌

Illinois

-

12.53%

Chicago

O'Hare

International

Airport

5.25%,

01/01/2036

2,000‌

2,458‌

5.25%,

01/01/2037

4,000‌

4,907‌

Chicago

Transit

Authority

Capital

Grant

Receipts

Revenue

5.00%,

06/01/2028

2,000‌

2,555‌

5.00%,

06/01/2029

1,250‌

1,634‌

Chicago

Transit

Authority

Sales

Tax

Receipts

Fund

5.00%,

12/01/2046

4,000‌

4,812‌

City

of

Chicago

IL

5.25%,

01/01/2029

2,000‌

2,287‌

5.50%,

01/01/2049

1,000‌

1,262‌

6.00%,

01/01/2038

2,965‌

3,714‌

7.13%,

03/15/2022

100‌

100‌

7.46%,

02/15/2026

558‌

427‌

City

of

Chicago

IL

Wastewater

Transmission

Revenue

5.00%,

01/01/2030

1,000‌

1,152‌

5.00%,

01/01/2032

1,000‌

1,151‌

5.00%,

01/01/2033

2,625‌

3,018‌

City

of

Chicago

IL

Waterworks

Revenue

5.00%,

11/01/2028

1,000‌

1,138‌

County

of

Cook

IL

Sales

Tax

Revenue

5.25%,

11/15/2036

1,520‌

1,905‌

Illinois

Finance

Authority

0.00%,

12/01/2042

(e)

444‌

18‌

0.06%,

06/01/2043

(a)

5,125‌

5,125‌

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Illinois

(continued)

Illinois

Sports

Facilities

Authority/The

5.00%,

06/15/2028

$

900‌

$

1,113‌

5.00%,

06/15/2029

1,000‌

1,255‌

Illinois

Sports

Facilities

Authority/The

(credit

support

from

Build

America

Mutual

Assurance

Corp

)

5.00%,

06/15/2029

(d)

2,700‌

3,447‌

Illinois

State

Toll

Highway

Authority

5.00%,

12/01/2032

5,200‌

6,173‌

5.00%,

01/01/2040

(c)

2,009‌

2,365‌

Metropolitan

Pier

&

Exposition

Authority

4.00%,

12/15/2042

(f)

2,000‌

2,326‌

4.00%,

12/15/2047

(f)

1,000‌

1,151‌

4.00%,

06/15/2052

(f)

2,000‌

2,294‌

5.00%,

06/15/2057

700‌

840‌

Metropolitan

Pier

&

Exposition

Authority

(credit

support

from

National

Public

Finance

Guarantee

Corp

)

5.50%,

06/15/2029

(d)

2,410‌

2,893‌

Metropolitan

Water

Reclamation

District

of

Greater

Chicago

5.00%,

12/01/2028

5,000‌

6,201‌

Sales

Tax

Securitization

Corp

5.00%,

01/01/2036

1,000‌

1,288‌

5.00%,

01/01/2048

3,000‌

3,625‌

Sales

Tax

Securitization

Corp

(credit

support

from

Build

America

Mutual

Assurance

Corp

)

4.00%,

01/01/2040

(d)

1,750‌

2,087‌

5.00%,

01/01/2037

(d)

2,000‌

2,578‌

State

of

Illinois

5.00%,

11/01/2028

4,590‌

5,678‌

5.00%,

03/01/2031

2,000‌

2,651‌

5.00%,

12/01/2032

1,000‌

1,222‌

5.00%,

03/01/2046

3,500‌

4,445‌

5.50%,

07/01/2027

3,410‌

3,728‌

5.50%,

01/01/2030

500‌

668‌

United

City

of

Yorkville

IL

5.75%,

03/01/2028

300‌

300‌

Village

of

Gilberts

IL

Special

Service

Area

No

24

5.38%,

03/01/2034

149‌

149‌

$

96,140‌

Indiana

-

0.10%

Town

of

Shoals

IN

7.25%,

11/01/2043

700‌

760‌

Kentucky

-

0.74%

County

of

Trimble

KY

1.30%,

09/01/2044

(a)

1,000‌

1,015‌

Kentucky

Municipal

Power

Agency

5.00%,

09/01/2035

1,080‌

1,355‌

Kentucky

Public

Energy

Authority

4.00%,

01/01/2049

(a)

3,000‌

3,336‌

$

5,706‌

Louisiana

-

2.65%

Louisiana

Local

Government

Environmental

Facilities

&

Community

Development

Authority

3.50%,

11/01/2032

3,000‌

3,357‌

4.40%,

11/01/2044

(b)

2,000‌

2,239‌

5.50%,

11/01/2039

(b)

2,595‌

3,002‌

Louisiana

Offshore

Terminal

Authority

1.65%,

09/01/2027

(a)

3,320‌

3,375‌

Louisiana

Public

Facilities

Authority

0.00%,

07/01/2039

(e)

417‌

—‌

0.00%,

07/01/2039

(e)

659‌

—‌

Parish

of

St

James

LA

5.85%,

08/01/2041

(a),(b)

1,000‌

1,151‌

6.10%,

12/01/2040

(a),(b)

1,000‌

1,330‌

Schedule

of

Investments

Tax-Exempt

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

253

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Louisiana

(continued)

Parish

of

St

John

the

Baptist

LA

2.00%,

06/01/2037

(a)

$

5,750‌

$

5,888‌

$

20,342‌

Maine

-

0.26%

Finance

Authority

of

Maine

4.38%,

08/01/2035

(a),(b)

1,800‌

2,027‌

Massachusetts

-

0.80%

Massachusetts

Bay

Transportation

Authority

5.25%,

07/01/2028

2,000‌

2,634‌

Massachusetts

Educational

Financing

Authority

4.90%,

07/01/2028

925‌

927‌

Massachusetts

Port

Authority

5.00%,

07/01/2029

1,000‌

1,305‌

5.00%,

07/01/2035

1,000‌

1,277‌

$

6,143‌

Michigan

-

2.07%

City

of

Detroit

MI

5.50%,

04/01/2050

1,000‌

1,258‌

Detroit

City

School

District

(credit

support

from

Qualified

School

Bond

Loan

Fund

)

5.00%,

05/01/2036

(d)

1,000‌

1,305‌

5.00%,

05/01/2037

(d)

1,000‌

1,302‌

5.00%,

05/01/2038

(d)

2,000‌

2,598‌

Kalamazoo

Economic

Development

Corp

5.00%,

05/15/2032

2,660‌

3,083‌

Kentwood

Economic

Development

Corp

5.00%,

11/15/2041

1,000‌

1,168‌

Michigan

Finance

Authority

4.00%,

02/15/2044

3,400‌

3,997‌

Wayne

County

Airport

Authority

5.00%,

12/01/2045

1,000‌

1,181‌

$

15,892‌

Mississippi

-

0.14%

Mississippi

Business

Finance

Corp

2.20%,

03/01/2027

(a)

1,000‌

1,054‌

Missouri

-

0.84%

City

of

St

Louis

MO

Airport

Revenue

5.00%,

07/01/2034

1,285‌

1,649‌

5.00%,

07/01/2044

1,100‌

1,383‌

City

of

St

Louis

MO

Airport

Revenue

(credit

support

from

National

Public

Finance

Guarantee

Corp

)

5.50%,

07/01/2028

(d)

1,500‌

1,981‌

Health

&

Educational

Facilities

Authority

of

the

State

of

Missouri

5.00%,

02/01/2034

1,250‌

1,411‌

$

6,424‌

Montana

-

0.50%

Montana

Board

of

Housing

(credit

support

from

Federal

Housing

Administration,

Guaranteed

by

the

Department

of

Veterans

Affairs

and

HUD

)

4.00%,

06/01/2045

(d)

1,470‌

1,604‌

Montana

Facility

Finance

Authority

4.13%,

07/01/2038

2,000‌

2,258‌

$

3,862‌

Nebraska

-

0.22%

Hospital

Authority

No

1

of

Lancaster

County

0.02%,

06/01/2031

(a)

445‌

445‌

Lincoln

Airport

Authority

4.00%,

07/01/2036

1,000‌

1,222‌

$

1,667‌

Nevada

-

1.94%

Las

Vegas

Convention

&

Visitors

Authority

5.00%,

07/01/2043

(c)

8,604‌

10,516‌

Las

Vegas

Redevelopment

Agency

5.00%,

06/15/2040

3,850‌

4,395‌

$

14,911‌

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

New

Hampshire

-

2.89%

New

Hampshire

Business

Finance

Authority

2.15%,

07/01/2027

(a)

$

6,750‌

$

7,081‌

3.75%,

07/01/2045

(a),(b)

1,000‌

1,075‌

4.00%,

11/01/2027

(b)

1,000‌

1,057‌

4.13%,

01/20/2034

9,798‌

11,915‌

4.88%,

11/01/2042

(b)

1,000‌

1,060‌

$

22,188‌

New

Jersey

-

5.99%

Casino

Reinvestment

Development

Authority

Inc

5.25%,

11/01/2039

750‌

812‌

New

Jersey

Economic

Development

Authority

4.00%,

07/01/2032

805‌

915‌

5.75%,

04/01/2031

1,005‌

1,097‌

New

Jersey

Transportation

Trust

Fund

Authority

5.25%,

06/15/2032

2,000‌

2,312‌

5.25%,

06/15/2034

2,250‌

2,644‌

South

Jersey

Port

Corp

5.00%,

01/01/2042

5,000‌

6,011‌

5.00%,

01/01/2048

3,000‌

3,584‌

State

of

New

Jersey

4.00%,

06/01/2031

4,600‌

5,805‌

4.00%,

06/01/2032

5,000‌

6,409‌

Tobacco

Settlement

Financing

Corp

4.00%,

06/01/2037

4,700‌

5,518‌

5.00%,

06/01/2046

7,000‌

8,458‌

5.00%,

06/01/2046

2,000‌

2,391‌

$

45,956‌

New

York

-

8.55%

Hudson

Yards

Infrastructure

Corp

5.75%,

02/15/2047

780‌

783‌

Metropolitan

Transportation

Authority

4.00%,

02/01/2022

600‌

611‌

4.00%,

11/15/2045

1,000‌

1,171‌

5.00%,

11/15/2021

850‌

862‌

5.00%,

11/15/2025

400‌

475‌

5.00%,

11/15/2032

1,000‌

1,319‌

New

York

City

Industrial

Development

Agency

(credit

support

from

Assured

Guaranty

Municipal

Corp

)

5.00%,

01/01/2031

(d)

1,000‌

1,350‌

New

York

City

Transitional

Finance

Authority

Future

Tax

Secured

Revenue

0.03%,

11/01/2036

(a)

5,000‌

5,000‌

5.25%,

08/01/2037

3,000‌

3,868‌

New

York

City

Water

&

Sewer

System

4.00%,

06/15/2037

2,800‌

3,394‌

New

York

Counties

Tobacco

Trust

VI

5.00%,

06/01/2031

215‌

254‌

5.00%,

06/01/2036

740‌

856‌

5.00%,

06/01/2041

400‌

458‌

New

York

Liberty

Development

Corp

5.00%,

11/15/2031

1,000‌

1,014‌

5.00%,

09/15/2040

1,000‌

1,028‌

5.00%,

12/15/2041

1,000‌

1,017‌

New

York

State

Bridge

Authority

4.00%,

01/01/2040

500‌

611‌

New

York

State

Dormitory

Authority

4.00%,

09/01/2045

2,000‌

2,313‌

5.00%,

07/01/2033

1,200‌

1,517‌

New

York

State

Dormitory

Authority

(credit

support

from

Assured

Guaranty

Municipal

Corp

-

State

Aid

Withholding

)

5.00%,

10/01/2023

(d)

140‌

141‌

New

York

Transportation

Development

Corp

4.00%,

10/01/2030

1,000‌

1,213‌

4.00%,

04/30/2053

1,000‌

1,180‌

5.00%,

12/01/2027

1,000‌

1,265‌

5.00%,

12/01/2028

1,100‌

1,425‌

Schedule

of

Investments

Tax-Exempt

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

254

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

New

York

(continued)

New

York

Transportation

Development

Corp  

(continued)

5.00%,

12/01/2029

$

1,200‌

$

1,586‌

5.00%,

01/01/2032

7,200‌

8,862‌

5.00%,

12/01/2034

2,000‌

2,655‌

5.00%,

10/01/2035

2,000‌

2,601‌

5.00%,

01/01/2036

3,200‌

3,904‌

5.00%,

10/01/2040

2,000‌

2,570‌

5.25%,

01/01/2050

3,125‌

3,538‌

Port

Authority

of

New

York

&

New

Jersey

5.00%,

07/15/2035

3,000‌

3,897‌

Tompkins

County

Development

Corp

0.00%,

07/01/2027

(e)

115‌

58‌

Westchester

County

Local

Development

Corp

5.00%,

11/01/2046

2,400‌

2,791‌

$

65,587‌

North

Carolina

-

2.29%

City

of

Charlotte

NC

5.00%,

06/01/2029

5,790‌

7,685‌

North

Carolina

Medical

Care

Commission

5.00%,

10/01/2047

1,000‌

1,093‌

North

Carolina

Turnpike

Authority

5.00%,

01/01/2040

4,100‌

5,026‌

Raleigh

Durham

Airport

Authority

5.00%,

05/01/2031

1,750‌

2,293‌

5.00%,

05/01/2034

1,150‌

1,492‌

$

17,589‌

Ohio

-

3.53%

American

Municipal

Power

Inc

5.25%,

02/15/2033

2,575‌

2,647‌

Buckeye

Tobacco

Settlement

Financing

Authority

4.00%,

06/01/2037

3,000‌

3,625‌

5.00%,

06/01/2055

7,100‌

8,350‌

City

of

Cincinnati

OH

5.00%,

12/01/2032

815‌

848‌

County

of

Hamilton

OH

0.03%,

08/15/2051

(a)

3,000‌

3,000‌

5.00%,

01/01/2036

1,435‌

1,627‌

5.00%,

01/01/2046

2,500‌

2,792‌

Ohio

Air

Quality

Development

Authority

4.25%,

01/15/2038

(b)

1,000‌

1,164‌

4.50%,

01/15/2048

(b)

850‌

1,002‌

Port

of

Greater

Cincinnati

Development

Authority

4.25%,

12/01/2050

(b)

2,000‌

2,056‌

$

27,111‌

Oklahoma

-

0.18%

Oklahoma

Development

Finance

Authority

5.25%,

08/15/2043

1,085‌

1,339‌

Oregon

-

0.38%

Oregon

State

Business

Development

Commission

0.00%,

04/01/2031

(b),(e)

1,000‌

215‌

State

of

Oregon

Housing

&

Community

Services

Department

3.55%,

07/01/2033

2,495‌

2,711‌

$

2,926‌

Pennsylvania

-

4.16%

Allegheny

County

Industrial

Development

Authority

4.88%,

11/01/2024

1,000‌

1,090‌

5.13%,

05/01/2030

1,630‌

1,993‌

City

of

Philadelphia

PA

5.00%,

02/01/2038

1,000‌

1,275‌

5.00%,

02/01/2039

1,000‌

1,270‌

Commonwealth

Financing

Authority

5.00%,

06/01/2032

3,000‌

3,744‌

5.00%,

06/01/2033

2,000‌

2,487‌

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pennsylvania

(continued)

Luzerne

County

Industrial

Development

Authority

2.45%,

12/01/2039

(a)

$

2,000‌

$

2,199‌

Pennsylvania

Economic

Development

Financing

Authority

0.20%,

04/01/2034

(a)

1,000‌

1,000‌

0.20%,

04/01/2049

(a)

1,500‌

1,500‌

2.15%,

11/01/2021

(a)

2,250‌

2,261‌

3.25%,

08/01/2039

(b)

1,200‌

1,250‌

Pennsylvania

Turnpike

Commission

5.00%,

12/01/2029

2,000‌

2,641‌

5.00%,

12/01/2036

1,725‌

2,136‌

5.25%,

12/01/2044

5,000‌

6,483‌

Pittsburgh

Water

&

Sewer

Authority

(credit

support

from

Assured

Guaranty

Municipal

Corp

)

5.00%,

09/01/2033

(d)

400‌

568‌

$

31,897‌

Puerto

Rico

-

0.80%

Commonwealth

of

Puerto

Rico

0.00%,

07/01/2039

(e)

6,835‌

6,169‌

South

Carolina

-

0.93%

South

Carolina

Jobs-Economic

Development

Authority

5.25%,

11/15/2052

1,500‌

1,655‌

6.00%,

06/01/2031

(b)

1,000‌

1,041‌

6.25%,

06/01/2040

(b)

2,000‌

2,105‌

6.50%,

06/01/2051

(b)

2,250‌

2,367‌

$

7,168‌

South

Dakota

-

0.20%

Oglala

Sioux

Tribe

5.75%,

10/01/2025

(b)

1,500‌

1,501‌

Tennessee

-

2.30%

Metropolitan

Government

Nashville

&

Davidson

County

Health

&

Educational

Facilities

Board

5.00%,

07/01/2040

4,510‌

5,413‌

Metropolitan

Nashville

Airport

Authority/The

5.00%,

07/01/2044

5,000‌

6,356‌

5.00%,

07/01/2054

3,750‌

4,721‌

Tennergy

Corp/TN

5.00%,

02/01/2050

(a)

1,000‌

1,138‌

$

17,628‌

Texas

-

8.75%

Central

Texas

Regional

Mobility

Authority

5.00%,

01/01/2048

2,740‌

3,335‌

Central

Texas

Turnpike

System

5.00%,

08/15/2031

1,285‌

1,445‌

City

of

Dallas

TX

Waterworks

&

Sewer

System

Revenue

4.00%,

10/01/2037

5,000‌

6,180‌

City

of

Houston

TX

Airport

System

Revenue

5.00%,

07/01/2029

2,000‌

2,203‌

6.63%,

07/15/2038

2,000‌

2,012‌

Harris

County-Houston

Sports

Authority

5.00%,

11/15/2030

3,000‌

3,369‌

Love

Field

Airport

Modernization

Corp

5.00%,

11/01/2022

1,000‌

1,060‌

Lower

Neches

Valley

Authority

Industrial

Development

Corp

0.03%,

11/01/2051

(a)

1,850‌

1,850‌

Metropolitan

Transit

Authority

of

Harris

County

Sales

&

Use

Tax

Revenue

5.00%,

11/01/2033

2,435‌

2,984‌

North

Texas

Tollway

Authority

5.00%,

01/01/2045

1,000‌

1,141‌

Port

Beaumont

Navigation

District

3.63%,

01/01/2035

(b)

2,650‌

2,744‌

4.00%,

01/01/2050

(b)

500‌

518‌

Schedule

of

Investments

Tax-Exempt

Bond

Fund

July

31,

2021

(unaudited)

See

accompanying

notes.

255

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Texas

(continued)

Sea

Breeze

Public

Facility

Corp

6.50%,

01/01/2046

$

100‌

$

100‌

Tarrant

County

Cultural

Education

Facilities

Finance

Corp

5.00%,

11/15/2037

2,060‌

2,427‌

Texas

Municipal

Gas

Acquisition

&

Supply

Corp

III

5.00%,

12/15/2029

5,000‌

6,552‌

5.00%,

12/15/2031

2,200‌

2,983‌

Texas

Municipal

Gas

Acquisition

and

Supply

Corp

I

6.25%,

12/15/2026

11,560‌

13,627‌

Texas

Private

Activity

Bond

Surface

Transportation

Corp

4.00%,

12/31/2030

1,250‌

1,544‌

4.00%,

06/30/2035

1,000‌

1,209‌

5.00%,

12/31/2032

4,000‌

5,161‌

7.00%,

12/31/2038

1,000‌

1,136‌

Texas

Transportation

Commission

5.00%,

08/01/2057

2,000‌

2,357‌

West

Harris

County

Regional

Water

Authority

4.00%,

12/15/2049

1,000‌

1,179‌

$

67,116‌

Utah

-

1.27%

Utah

Infrastructure

Agency

5.00%,

10/15/2028

1,000‌

1,231‌

5.00%,

10/15/2032

4,385‌

5,287‌

5.00%,

10/15/2037

1,500‌

1,791‌

5.38%,

10/15/2040

1,200‌

1,460‌

$

9,769‌

Virginia

-

2.76%

County

of

Botetourt

VA

6.00%,

07/01/2034

1,000‌

1,134‌

6.00%,

07/01/2044

1,000‌

1,122‌

Fairfax

County

Redevelopment

&

Housing

Authority

5.00%,

10/01/2038

1,500‌

1,884‌

5.00%,

10/01/2039

1,500‌

1,880‌

Hampton

Roads

Transportation

Accountability

Commission

5.00%,

07/01/2022

4,000‌

4,178‌

King

George

County

Economic

Development

Authority

2.50%,

06/01/2023

(a)

1,600‌

1,666‌

Norfolk

Economic

Development

Authority

0.02%,

11/01/2034

(a)

1,260‌

1,260‌

Roanoke

Economic

Development

Authority

6.63%,

12/01/2044

1,295‌

1,485‌

Virginia

College

Building

Authority

5.00%,

02/01/2029

5,000‌

6,559‌

$

21,168‌

Washington

-

1.49%

Port

of

Seattle

WA

5.00%,

04/01/2029

5,250‌

6,747‌

Washington

State

Housing

Finance

Commission

3.50%,

12/20/2035

3,991‌

4,710‌

$

11,457‌

West

Virginia

-

0.17%

West

Virginia

Economic

Development

Authority

4.12%,

07/01/2045

(a)

1,250‌

1,334‌

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Wisconsin

-

1.04%

Public

Finance

Authority

5.00%,

01/01/2024

$

2,500‌

$

2,755‌

5.00%,

12/01/2025

3,000‌

3,531‌

5.00%,

10/01/2043

(b)

1,500‌

1,674‌

$

7,960‌

TOTAL

MUNICIPAL

BONDS

$

744,609‌

Total

Investments

$

771,531‌

Liability

for

Floating

Rate

Notes

Issued

in

Conjunction

with

Securities

Held

-

(2.64)%

Notes

with

interest

rates

of

0.05%

-

0.21%

at

July

31,

2021

and

contractual

maturities

of

collateral

from

2023-2036.

(g)

$

(20,256‌)

(20,256‌)

Total

Net

Investments

$

751,275‌

Other

Assets

and

Liabilities

-  2.10%

16,104‌

TOTAL

NET

ASSETS

-

100.00%

$

767,379‌

(a)

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.

(b)

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

$53,534

or

6.98%

of

net

assets.

(c)

Security

or

portion

of

underlying

security

related

to

Inverse

Floaters

entered

into

by

the

fund.

(d)

Credit

support

indicates

investments

that

benefit

from

credit

enhancement

or

liquidity

support

provided

by

a

third

party

bank,

institution,

or

government

agency.

(e)

Non-income

producing

security

(f)

Security

purchased

on

a

when-issued

basis.

(g)

Floating

rate

securities.

The

interest

rate(s)

shown

reflect

the

rates

in

effect

at

July

31,

2021.

Portfolio

Summary  (unaudited)

Sector

Percent

Revenue

Bonds

78.36‌%

General

Obligation

Unlimited

9.59‌%

Insured

4.97‌%

Investment

Companies

3.51‌%

General

Obligation

Limited

1.00‌%

Certificate

Participation

0.99‌%

Prerefunded

0.96‌%

Tax

Allocation

0.57‌%

Special

Assessment

0.33‌%

Special

Tax

0.26‌%

Liability

For

Floating

Rate

Notes

Issued

(2.64‌)%

Other

Assets

and

Liabilities

2.10‌%

TOTAL

NET

ASSETS

100.00%

Glossary

to

the

Schedule

of

Investments

July

31,

2021

(unaudited)

See

accompanying

notes.

256

Currency

Abbreviations

AUD

Australian

Dollar

BRL

Brazilian

Real

CAD

Canadian

Dollar

CHF

Swiss

Franc

CLP

Chilean

Peso

CNY

Chinese

Renminbi

COP

Colombian

Peso

CZK

Czech

Koruna

EGP

Egyptian

Pound

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

NZD

New

Zealand

Dollar

PEN

Peruvian

Nuevo

Sol

PLN

Polish

Zloty

RON

Romanian

New

Leu

RUB

Russian

Ruble

THB

Thai

Baht

UAH

Ukrainian

Hryvnia

USD/$

United

States

Dollar

ZAR

South

African

Rand

July

31,

2021

(unaudited)

257

Security

Valuation.

Principal

LifeTime

2010

Fund,

Principal

LifeTime

2015

Fund,

Principal

LifeTime

2020

Fund,

Principal

LifeTime

2025

Fund,

Principal

LifeTime

2030

Fund,

Principal

LifeTime

2035

Fund,

Principal

LifeTime

2040

Fund,

Principal

LifeTime

2045

Fund,

Principal

LifeTime

2050

Fund,

Principal

LifeTime

2055

Fund,

Principal

LifeTime

2060

Fund,

Principal

LifeTime

2065

Fund,

and

Principal

LifeTime

Strategic

Income

Fund

(collectively,

the

“Principal

LifeTime

Funds”),

Principal

LifeTime

Hybrid

2015

Fund,

Principal

LifeTime

Hybrid

2020

Fund,

Principal

LifeTime

Hybrid

2025

Fund,

Principal

LifeTime

Hybrid

2030

Fund,

Principal

LifeTime

Hybrid

2035

Fund,

Principal

LifeTime

Hybrid

2040

Fund,

Principal

LifeTime

Hybrid

2045

Fund,

Principal

LifeTime

Hybrid

2050

Fund,

Principal

LifeTime

Hybrid

2055

Fund,

Principal

LifeTime

Hybrid

2060

Fund,

Principal

LifeTime

Hybrid

2065

Fund,

and

Principal

LifeTime

Hybrid

Income

Fund

(collectively,

the

“Principal

LifeTime

Hybrid

Funds”),

along

with

the

SAM

Balanced,

SAM

Conservative

Balanced

Portfolio,

SAM

Conservative

Growth

Portfolio,

SAM

Flexible

Income

Portfolio,

and

SAM

Strategic

Growth

Portfolio

(collectively,

the

“SAM

Portfolios”)

invest

in

R-6

and

Institutional

shares

of

other

series

of

Principal

Funds,

Inc.

which

are

valued

at

the

closing

net

asset

value

per

share

of

each

respective

fund

on

the

day

of

valuation.

In

addition,

the

SAM

Portfolios

invest

in

Principal

Exchange-Traded

Funds,

which

are

valued

at

fair

value.

The

SAM

Portfolios

also

invest

in

other

publicly

traded

investment

funds.

Other

publicly

traded

investment

funds

are

valued

at

the

respective

fund’s

net

asset

value.

The

shares

of

the

other

series

of

Principal

Funds,

Inc.,

Principal

Exchange-Traded

Funds

and

other

publicly

traded

investment

funds

are

referred

to

as

the

“Underlying

Funds”.

California

Municipal

Fund,

Core

Fixed

Income

Fund,

Core

Plus

Bond

Fund,

Diversified

International

Fund,

Equity

Income

Fund,

Finisterre

Emerging

Markets

Total

Return

Bond

Fund,

Global

Diversified

Income

Fund,

Global

Real

Estate

Securities

Fund,

Government

&

High

Quality

Bond

Fund,

High

Income

Fund,

High

Yield

Fund,

Inflation

Protection

Fund,

International

Emerging

Markets

Fund,

International

Fund

I,

LargeCap

Growth

Fund

I,

LargeCap

S&P

500

Index

Fund,

LargeCap

Value

Fund

III,

MidCap

Fund,

MidCap

Growth

Fund,

MidCap

Growth

Fund

III,

MidCap

S&P

400

Index

Fund,

MidCap

Value

Fund

I,

Overseas

Fund,

Principal

Capital

Appreciation

Fund,

Real

Estate

Securities

Fund,

Short-Term

Income

Fund,

SmallCap

Fund,

SmallCap

Growth

Fund

I,

SmallCap

S&P

600

Index

Fund,

SmallCap

Value

Fund

II

and

Tax-Exempt

Bond

Fund

(known

as

the

"Funds")

(with

the

exception

of

Principal

Lifetime

Funds,

Principal

Lifetime

Hybrid

Funds,

and

the

SAM

Portfolios)

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

Manager

under

procedures

established

and

periodically

reviewed

by

the

Fund’s

Board

of

Directors.

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.

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

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.

July

31,

2021

(unaudited)

258

The

three-tier

hierarchy

of

inputs

is

summarized

in

the

three

broad

levels

listed

below.

Level

1

–

Quoted

prices

are

available

in

active

markets

for

identical

securities

as

of

the

reporting

date.

The

type

of

securities

included

in

Level

1

includes

listed

equities

and

listed

derivatives.

Level

2

–

Other

significant

observable

inputs

(including

quoted

prices

for

similar

investments,

interest

rates,

prepayment

speeds,

credit

risk,

etc.).

Investments

which

are

generally

included

in

this

category

include

certain

foreign

equities,

corporate

bonds,

municipal

bonds,

OTC

derivatives,

senior

floating

rate

interests,

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

may

be

included

in

this

category

include

certain

common

stocks,

corporate

bonds,

mortgage

backed

securities

or

senior

floating

rate

interests.

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

Fund’s

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

indicative

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:

yield

to

maturity,

EBITDA

multiples,

discount

rates,

available

cash,

or

direct

offering

price.

Significant

increases

in

yield

to

maturity,

EBITDA

multiples,

available

cash,

or

direct

offering

price

would

have

resulted

in

a

significantly

higher

fair

value

measurement.

A

significant

increase

in

discount

rates

would

have

resulted

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.).

The

inputs

or

methodology

used

for

valuing

securities

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

those

instruments.

The

following

is

a

summary

of

the

inputs

used

as

of

July

31,

2021

in

valuing

the

Funds'

securities

carried

at

value

(amounts

shown

in

thousands):

Fund

Level

1

-

Quoted

Prices

Level

2

-

Other

Significant

Observable

Inputs

Level

3

-

Significant

Unobservable

Inputs

Totals

(Level

1,2,3)

California

Municipal

Fund

Investment

Companies

$

1,861

$

—

$

—

$

1,861

Municipal

Bonds*

—

711,546

—

711,546

Total

investments

in

securities

$

1,861

$

711,546

$

—

$

713,407

July

31,

2021

(unaudited)

259

Fund

Level

1

-

Quoted

Prices

Level

2

-

Other

Significant

Observable

Inputs

Level

3

-

Significant

Unobservable

Inputs

Totals

(Level

1,2,3)

Core

Fixed

Income

Fund

Bonds*

$

—

$

6,616,663

$

—

$

6,616,663

Common

Stocks

Energy

13,822

—

—

13,822

Industrial

—

—

24,188

24,188

Investment

Companies

299,386

—

—

299,386

Senior

Floating

Rate

Interests*

—

57,101

—

57,101

U.S.

Government

&

Government

Agency

Obligations*

—

3,636,653

—

3,636,653

Total

investments

in

securities

$

313,208

$

10,310,417

$

24,188

$

10,647,813

Core

Plus

Bond

Fund

Bonds*

—

429,326

157

429,483

Common

Stocks

Consumer,

Cyclical

—

43

—

43

Energy

871

—

2

873

Financial

—

—

—

—

Investment

Companies

103,940

—

—

103,940

Preferred

Stocks

3,857

—

—

3,857

Senior

Floating

Rate

Interests*

—

10,549

—

10,549

U.S.

Government

&

Government

Agency

Obligations*

—

241,647

—

241,647

Total

investments

in

securities

$

108,668

$

681,565

$

159

$

790,392

Assets

Interest

Rate

Contracts

Futures**

742

—

—

742

Liabilities

Interest

Rate

Contracts

Futures**

(1,187)

—

—

(1,187)

Diversified

International

Fund

Common

Stocks

Basic

Materials

59,312

175,592

—

234,904

Communications

60,794

190,662

—

251,456

Consumer,

Cyclical

102,330

916,224

—

1,018,554

Consumer,

Non-cyclical

46,027

761,070

—

807,097

Energy

30,590

195,842

—

226,432

Financial

242,414

822,183

—

1,064,597

Industrial

51,613

706,510

—

758,123

Technology

—

703,806

—

703,806

Utilities

23,985

92,721

—

116,706

Investment

Companies

142,789

—

—

142,789

Total

investments

in

securities

$

759,854

$

4,564,610

$

—

$

5,324,464

Equity

Income

Fund

Common

Stocks*

10,304,232

—

—

10,304,232

Investment

Companies

355,275

—

—

355,275

Total

investments

in

securities

$

10,659,507

$

—

$

—

$

10,659,507

Finisterre

Emerging

Markets

Total

Return

Bond

Fund

Bonds*

—

649,496

—

649,496

Credit

Linked

Structured

Notes*

—

47,647

—

47,647

Investment

Companies

72,895

—

—

72,895

Total

investments

in

securities

$

72,895

$

697,143

$

—

$

770,038

Assets

Credit

Contracts

Credit

Default

Swaps

—

1,301

—

1,301

Exchange

Cleared

Credit

Default

Swaps**

—

262

—

262

Foreign

Exchange

Contracts

Foreign

Currency

Contracts

—

924

—

924

Interest

Rate

Contracts

Exchange

Cleared

Interest

Rate

Swaps**

—

603

—

603

Total

Return

Swaps

—

888

—

888

Liabilities

Credit

Contracts

July

31,

2021

(unaudited)

260

Fund

Level

1

-

Quoted

Prices

Level

2

-

Other

Significant

Observable

Inputs

Level

3

-

Significant

Unobservable

Inputs

Totals

(Level

1,2,3)

Finisterre

Emerging

Markets

Total

Return

Bond

Fund

Credit

Default

Swaps

$

—

$

(1,301)

$

—

$

(1,301)

Exchange

Cleared

Credit

Default

Swaps**

—

(50)

—

(50)

Foreign

Exchange

Contracts

Foreign

Currency

Contracts

—

(2,602)

—

(2,602)

Interest

Rate

Contracts

Exchange

Cleared

Interest

Rate

Swaps**

—

(1,128)

—

(1,128)

Futures**

(3,032)

—

—

(3,032)

Total

Return

Swaps

—

(67

)

—

(67

)

Global

Diversified

Income

Fund

Bonds*

—

2,275,642

100,218

2,375,860

Common

Stocks

Basic

Materials

22,527

29,668

34,878

87,073

Communications

78,300

60,031

—

138,331

Consumer,

Cyclical

88,316

54,035

4

142,355

Consumer,

Non-cyclical

94,120

161,140

—

255,260

Diversified

—

3,191

—

3,191

Energy

21,335

16,584

—

37,919

Financial

387,170

188,672

—

575,842

Industrial

94,864

95,162

—

190,026

Technology

46,129

31,879

—

78,008

Utilities

213,959

33,449

—

247,408

Convertible

Bonds*

—

279

—

279

Convertible

Preferred

Stocks

Financial

1,018

—

—

1,018

Credit

Linked

Structured

Notes*

—

4,657

—

4,657

Investment

Companies

130,958

—

—

130,958

Preferred

Stocks

Consumer,

Non-cyclical

—

3,493

—

3,493

Energy

1,019

—

—

1,019

Financial

22,985

9,611

—

32,596

Government

6,177

6,440

—

12,617

Utilities

14,023

—

—

14,023

Senior

Floating

Rate

Interests*

—

259,239

41,800

301,039

U.S.

Government

&

Government

Agency

Obligations*

—

11,119

—

11,119

Total

investments

in

securities

$

1,222,900

$

3,244,291

$

176,900

$

4,644,091

Assets

Foreign

Exchange

Contracts

Foreign

Currency

Contracts

—

142

—

142

Interest

Rate

Contracts

Total

Return

Swaps

—

1

08

—

1

08

Liabilities

Foreign

Exchange

Contracts

Foreign

Currency

Contracts

—

(498)

—

(498)

Interest

Rate

Contracts

Futures**

(418)

—

—

(418)

Global

Real

Estate

Securities

Fund

Common

Stocks

Communications

11,600

25,141

—

36,741

Consumer,

Cyclical

80,329

50,577

—

130,906

Financial

2,374,663

1,446,975

—

3,821,638

Industrial

—

38,345

—

38,345

Investment

Companies

56,609

—

—

56,609

Total

investments

in

securities

$

2,523,201

$

1,561,038

$

—

$

4,084,239

Government

&

High

Quality

Bond

Fund

Bonds*

—

215,636

—

215,636

Investment

Companies

110,431

—

—

110,431

U.S.

Government

&

Government

Agency

Obligations*

—

1,195,506

—

1,195,506

Total

investments

in

securities

$

110,431

$

1,411,142

$

—

$

1,521,573

Assets

Interest

Rate

Contracts

Futures**

1,215

—

—

1,215

July

31,

2021

(unaudited)

261

Fund

Level

1

-

Quoted

Prices

Level

2

-

Other

Significant

Observable

Inputs

Level

3

-

Significant

Unobservable

Inputs

Totals

(Level

1,2,3)

Government

&

High

Quality

Bond

Fund

Liabilities

Interest

Rate

Contracts

Futures**

$

(296)

$

—

$

—

$

(296)

High

Income

Fund

Bonds*

—

3,213,942

17,605

3,231,547

Common

Stocks

Basic

Materials

—

—

1,002

1,002

Communications

—

—

—

—

Consumer,

Non-cyclical

—

6,074

—

6,074

Energy

—

—

—

—

Industrial

—

4,559

—

4,559

Technology

1,648

—

—

1,648

Utilities

—

—

—

—

Investment

Companies

137,809

—

—

137,809

Preferred

Stocks

—

—

—

—

Senior

Floating

Rate

Interests*

—

434,535

5,066

439,601

Total

investments

in

securities

$

139,457

$

3,659,110

$

23,673

$

3,822,240

Assets

Foreign

Exchange

Contracts

Foreign

Currency

Contracts

—

207

—

207

Liabilities

Credit

Contracts

Exchange

Cleared

Credit

Default

Swaps**

—

(148)

—

(148)

Foreign

Exchange

Contracts

Foreign

Currency

Contracts

—

(26)

—

(26)

High

Yield

Fund

Bonds*

—

2,489,534

1,701

2,491,235

Common

Stocks

Consumer,

Cyclical

—

746

—

746

Energy

23,934

—

60

23,994

Financial

—

—

—

—

Convertible

Bonds*

—

—

—

—

Investment

Companies

55,823

—

—

55,823

Senior

Floating

Rate

Interests*

—

328,598

—

328,598

Total

investments

in

securities

$

79,757

$

2,818,878

$

1,761

$

2,900,396

Liabilities

Foreign

Exchange

Contracts

Foreign

Currency

Contracts

—

(51)

—

(51)

Inflation

Protection

Fund

Bonds*

—

92,206

—

92,206

Investment

Companies

11,922

—

—

11,922

U.S.

Government

&

Government

Agency

Obligations*

—

1,410,228

—

1,410,228

Purchased

Options

5

—

—

5

Purchased

Interest

Rate

Swaptions

—

6,317

—

6,317

Total

investments

in

securities

$

11,927

$

1,508,751

$

—

$

1,520,678

Assets

Foreign

Exchange

Contracts

Foreign

Currency

Contracts

—

1,003

—

1,003

Interest

Rate

Contracts

Exchange

Cleared

Interest

Rate

Swaps**

—

16,177

—

16,177

Futures**

637

—

—

637

Liabilities

Foreign

Exchange

Contracts

Foreign

Currency

Contracts

—

(782)

—

(782)

Interest

Rate

Contracts

Exchange

Cleared

Interest

Rate

Swaps**

—

(15,706)

—

(15,706)

Futures**

(3,176)

—

—

(3,176)

Interest

Rate

Swaptions

—

(4,160)

—

(4,160)

July

31,

2021

(unaudited)

262

Fund

Level

1

-

Quoted

Prices

Level

2

-

Other

Significant

Observable

Inputs

Level

3

-

Significant

Unobservable

Inputs

Totals

(Level

1,2,3)

International

Emerging

Markets

Fund

Common

Stocks

Basic

Materials

$

3,698

$

14,465

$

—

$

18,163

Communications

7,883

37,144

—

45,027

Consumer,

Cyclical

9,801

25,892

—

35,693

Consumer,

Non-cyclical

6,032

23,616

—

29,648

Energy

6,459

11,197

—

17,656

Financial

7,567

49,803

—

57,370

Industrial

2,715

23,922

—

26,637

Technology

—

66,002

—

66,002

Utilities

—

6,475

—

6,475

Investment

Companies

3,993

—

—

3,993

Preferred

Stocks

Technology

—

837

—

837

Total

investments

in

securities

$

48,148

$

259,353

$

—

$

307,501

International

Fund

I

Common

Stocks

Basic

Materials

2,464

29,140

—

31,604

Communications

2,147

10,573

—

12,720

Consumer,

Cyclical

3,579

47,673

—

51,252

Consumer,

Non-cyclical

5,396

33,609

—

39,005

Energy

—

5,817

—

5,817

Financial

19,534

73,983

—

93,517

Industrial

3,746

41,191

—

44,937

Technology

6,266

46,644

—

52,910

Utilities

—

10,315

—

10,315

Investment

Companies

4,077

—

—

4,077

Total

investments

in

securities

$

47,209

$

298,945

$

—

$

346,154

LargeCap

Growth

Fund

I

Common

Stocks

Basic

Materials

199,530

—

—

199,530

Communications

3,914,407

—

—

3,914,407

Consumer,

Cyclical

971,089

—

—

971,089

Consumer,

Non-cyclical

3,449,196

—

—

3,449,196

Energy

7,882

—

—

7,882

Financial

858,789

—

—

858,789

Industrial

465,164

—

—

465,164

Technology

4,280,472

—

4,579

4,285,051

Utilities

8,370

—

—

8,370

Convertible

Preferred

Stocks

Basic

Materials

—

—

4,277

4,277

Communications

—

—

6,683

6,683

Consumer,

Cyclical

—

—

241,614

241,614

Technology

—

—

11,405

11,405

Investment

Companies

255,681

—

—

255,681

Total

investments

in

securities

$

14,410,580

$

—

$

268,558

$

14,679,138

Assets

Equity

Contracts

Futures**

1,244

—

—

1,244

LargeCap

S&P

500

Index

Fund

Common

Stocks*

5,879,511

—

—

5,879,511

Investment

Companies

212,175

—

—

212,175

Total

investments

in

securities

$

6,091,686

$

—

$

—

$

6,091,686

Assets

Equity

Contracts

Futures**

6,759

—

—

6,759

July

31,

2021

(unaudited)

263

Fund

Level

1

-

Quoted

Prices

Level

2

-

Other

Significant

Observable

Inputs

Level

3

-

Significant

Unobservable

Inputs

Totals

(Level

1,2,3)

LargeCap

Value

Fund

III

Common

Stocks*

$

3,333,641

$

—

$

—

$

3,333,641

Investment

Companies

94,401

—

—

94,401

Total

investments

in

securities

$

3,428,042

$

—

$

—

$

3,428,042

Assets

Equity

Contracts

Futures**

611

—

—

611

MidCap

Fund

Common

Stocks

Basic

Materials

132,565

—

—

132,565

Communications

2,014,790

—

—

2,014,790

Consumer,

Cyclical

5,877,585

—

—

5,877,585

Consumer,

Non-cyclical

3,028,402

—

—

3,028,402

Diversified

—

36,058

—

36,058

Financial

5,598,357

—

—

5,598,357

Industrial

2,889,566

—

—

2,889,566

Technology

3,959,027

—

—

3,959,027

Utilities

536,813

—

—

536,813

Investment

Companies

4,979

—

—

4,979

Total

investments

in

securities

$

24,042,084

$

36,058

$

—

$

24,078,142

MidCap

Growth

Fund

Common

Stocks*

282,881

—

—

282,881

Investment

Companies

937

—

—

937

Total

investments

in

securities

$

283,818

$

—

$

—

$

283,818

MidCap

Growth

Fund

III

Common

Stocks*

1,151,682

—

—

1,151,682

Investment

Companies

38,082

—

—

38,082

Total

investments

in

securities

$

1,189,764

$

—

$

—

$

1,189,764

Assets

Equity

Contracts

Futures**

44

—

—

44

MidCap

S&P

400

Index

Fund

Common

Stocks*

1,358,424

—

—

1,358,424

Investment

Companies

36,991

—

—

36,991

Total

investments

in

securities

$

1,395,415

$

—

$

—

$

1,395,415

Assets

Equity

Contracts

Futures**

190

—

—

190

MidCap

Value

Fund

I

Common

Stocks*

2,820,493

—

—

2,820,493

Investment

Companies

72,531

—

—

72,531

Total

investments

in

securities

$

2,893,024

$

—

$

—

$

2,893,024

Assets

Equity

Contracts

Futures**

341

—

—

341

Overseas

Fund

Common

Stocks

Basic

Materials

—

125,567

—

125,567

Communications

348

64,654

—

65,002

Consumer,

Cyclical

61,759

338,480

—

400,239

Consumer,

Non-cyclical

15,263

544,160

—

559,423

Diversified

—

1,488

—

1,488

Energy

64,610

155,311

—

219,921

Financial

42,734

745,119

—

787,853

Industrial

—

499,017

—

499,017

Technology

150

136,012

—

136,162

July

31,

2021

(unaudited)

264

Fund

Level

1

-

Quoted

Prices

Level

2

-

Other

Significant

Observable

Inputs

Level

3

-

Significant

Unobservable

Inputs

Totals

(Level

1,2,3)

Overseas

Fund

Utilities

$

—

$

178,960

$

—

$

178,960

Convertible

Bonds*

—

4,129

—

4,129

Investment

Companies

85,303

—

—

85,303

Preferred

Stocks

Basic

Materials

—

51

—

51

Consumer,

Cyclical

—

5,532

—

5,532

Consumer,

Non-cyclical

—

757

—

757

Total

investments

in

securities

$

270,167

$

2,799,237

$

—

$

3,069,404

Liabilities

Equity

Contracts

Futures**

(5)

—

—

(5)

Principal

Capital

Appreciation

Fund

Common

Stocks

Basic

Materials

32,578

—

—

32,578

Communications

329,522

—

—

329,522

Consumer,

Cyclical

270,556

—

—

270,556

Consumer,

Non-cyclical

401,295

—

—

401,295

Energy

63,309

—

—

63,309

Financial

348,999

—

—

348,999

Industrial

154,357

21,291

—

175,648

Technology

541,996

—

—

541,996

Utilities

56,610

—

—

56,610

Investment

Companies

21,805

—

—

21,805

Total

investments

in

securities

$

2,221,027

$

21,291

$

—

$

2,242,318

Principal

LifeTime

2010

Fund

Investment

Companies

729,735

—

—

729,735

Total

investments

in

securities

$

729,735

$

—

$

—

$

729,735

Principal

LifeTime

2015

Fund

Investment

Companies

381,557

—

—

381,557

Total

investments

in

securities

$

381,557

$

—

$

—

$

381,557

Principal

LifeTime

2020

Fund

Investment

Companies

3,815,582

—

—

3,815,582

Total

investments

in

securities

$

3,815,582

$

—

$

—

$

3,815,582

Principal

LifeTime

2025

Fund

Investment

Companies

1,816,883

—

—

1,816,883

Total

investments

in

securities

$

1,816,883

$

—

$

—

$

1,816,883

Principal

LifeTime

2030

Fund

Investment

Companies

6,493,083

—

—

6,493,083

Total

investments

in

securities

$

6,493,083

$

—

$

—

$

6,493,083

Principal

LifeTime

2035

Fund

Investment

Companies

1,686,050

—

—

1,686,050

Total

investments

in

securities

$

1,686,050

$

—

$

—

$

1,686,050

Principal

LifeTime

2040

Fund

Investment

Companies

4,780,707

—

—

4,780,707

Total

investments

in

securities

$

4,780,707

$

—

$

—

$

4,780,707

Principal

LifeTime

2045

Fund

Investment

Companies

1,289,717

—

—

1,289,717

Total

investments

in

securities

$

1,289,717

$

—

$

—

$

1,289,717

July

31,

2021

(unaudited)

265

Fund

Level

1

-

Quoted

Prices

Level

2

-

Other

Significant

Observable

Inputs

Level

3

-

Significant

Unobservable

Inputs

Totals

(Level

1,2,3)

Principal

LifeTime

2050

Fund

Investment

Companies

$

3,021,156

$

—

$

—

$

3,021,156

Total

investments

in

securities

$

3,021,156

$

—

$

—

$

3,021,156

Principal

LifeTime

2055

Fund

Investment

Companies

733,024

—

—

733,024

Total

investments

in

securities

$

733,024

$

—

$

—

$

733,024

Principal

LifeTime

2060

Fund

Investment

Companies

666,864

—

—

666,864

Total

investments

in

securities

$

666,864

$

—

$

—

$

666,864

Principal

LifeTime

2065

Fund

Investment

Companies

72,938

—

—

72,938

Total

investments

in

securities

$

72,938

$

—

$

—

$

72,938

Principal

LifeTime

Hybrid

2015

Fund

Investment

Companies

132,851

—

—

132,851

Total

investments

in

securities

$

132,851

$

—

$

—

$

132,851

Principal

LifeTime

Hybrid

2020

Fund

Investment

Companies

454,569

—

—

454,569

Total

investments

in

securities

$

454,569

$

—

$

—

$

454,569

Principal

LifeTime

Hybrid

2025

Fund

Investment

Companies

452,517

—

—

452,517

Total

investments

in

securities

$

452,517

$

—

$

—

$

452,517

Principal

LifeTime

Hybrid

2030

Fund

Investment

Companies

490,379

—

—

490,379

Total

investments

in

securities

$

490,379

$

—

$

—

$

490,379

Principal

LifeTime

Hybrid

2035

Fund

Investment

Companies

377,655

—

—

377,655

Total

investments

in

securities

$

377,655

$

—

$

—

$

377,655

Principal

LifeTime

Hybrid

2040

Fund

Investment

Companies

348,086

—

—

348,086

Total

investments

in

securities

$

348,086

$

—

$

—

$

348,086

Principal

LifeTime

Hybrid

2045

Fund

Investment

Companies

233,497

—

—

233,497

Total

investments

in

securities

$

233,497

$

—

$

—

$

233,497

Principal

LifeTime

Hybrid

2050

Fund

Investment

Companies

185,886

—

—

185,886

Total

investments

in

securities

$

185,886

$

—

$

—

$

185,886

Principal

LifeTime

Hybrid

2055

Fund

Investment

Companies

89,173

—

—

89,173

Total

investments

in

securities

$

89,173

$

—

$

—

$

89,173

Principal

LifeTime

Hybrid

2060

Fund

Investment

Companies

33,941

—

—

33,941

Total

investments

in

securities

$

33,941

$

—

$

—

$

33,941

July

31,

2021

(unaudited)

266

Fund

Level

1

-

Quoted

Prices

Level

2

-

Other

Significant

Observable

Inputs

Level

3

-

Significant

Unobservable

Inputs

Totals

(Level

1,2,3)

Principal

LifeTime

Hybrid

2065

Fund

Investment

Companies

$

8,424

$

—

$

—

$

8,424

Total

investments

in

securities

$

8,424

$

—

$

—

$

8,424

Principal

LifeTime

Hybrid

Income

Fund

Investment

Companies

82,622

—

—

82,622

Total

investments

in

securities

$

82,622

$

—

$

—

$

82,622

Principal

LifeTime

Strategic

Income

Fund

Investment

Companies

462,700

—

—

462,700

Total

investments

in

securities

$

462,700

$

—

$

—

$

462,700

Real

Estate

Securities

Fund

Common

Stocks*

6,180,737

—

—

6,180,737

Investment

Companies

115,604

—

—

115,604

Total

investments

in

securities

$

6,296,341

$

—

$

—

$

6,296,341

SAM

Balanced

Portfolio

Investment

Companies

5,056,601

—

—

5,056,601

Total

investments

in

securities

$

5,056,601

$

—

$

—

$

5,056,601

SAM

Conservative

Balanced

Portfolio

Investment

Companies

1,919,886

—

—

1,919,886

Total

investments

in

securities

$

1,919,886

$

—

$

—

$

1,919,886

SAM

Conservative

Growth

Portfolio

Investment

Companies

3,503,686

—

—

3,503,686

Total

investments

in

securities

$

3,503,686

$

—

$

—

$

3,503,686

SAM

Flexible

Income

Portfolio

Investment

Companies

3,019,698

—

—

3,019,698

Total

investments

in

securities

$

3,019,698

$

—

$

—

$

3,019,698

SAM

Strategic

Growth

Portfolio

Investment

Companies

2,289,498

—

—

2,289,498

Total

investments

in

securities

$

2,289,498

$

—

$

—

$

2,289,498

Short-Term

Income

Fund

Bonds*

—

4,324,440

—

4,324,440

Investment

Companies

47,618

—

—

47,618

U.S.

Government

&

Government

Agency

Obligations*

—

441,126

—

441,126

Total

investments

in

securities

$

47,618

$

4,765,566

$

—

$

4,813,184

Liabilities

Interest

Rate

Contracts

Futures**

(860)

—

—

(860)

SmallCap

Fund

Common

Stocks

Basic

Materials

52,003

—

—

52,003

Communications

33,500

—

—

33,500

Consumer,

Cyclical

196,236

—

—

196,236

Consumer,

Non-cyclical

326,105

—

—

326,105

Diversified

8,818

6,848

—

15,666

Energy

27,211

—

—

27,211

Financial

266,993

—

—

266,993

Industrial

185,574

—

—

185,574

Technology

190,662

—

—

190,662

July

31,

2021

(unaudited)

267

*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.

Fund

Level

1

-

Quoted

Prices

Level

2

-

Other

Significant

Observable

Inputs

Level

3

-

Significant

Unobservable

Inputs

Totals

(Level

1,2,3)

SmallCap

Fund

Utilities

$

37,292

$

—

$

—

$

37,292

Investment

Companies

62,549

—

—

62,549

Total

investments

in

securities

$

1,386,943

$

6,848

$

—

$

1,393,791

SmallCap

Growth

Fund

I

Bonds*

—

1

—

1

Common

Stocks

Basic

Materials

45,743

—

—

45,743

Communications

134,872

—

—

134,872

Consumer,

Cyclical

469,507

—

—

469,507

Consumer,

Non-cyclical

904,437

—

1

904,438

Energy

28,659

—

—

28,659

Financial

244,194

—

—

244,194

Industrial

450,777

—

—

450,777

Technology

644,344

—

—

644,344

Utilities

5,879

—

—

5,879

Investment

Companies

115,247

—

—

115,247

Total

investments

in

securities

$

3,043,659

$

1

$

1

$

3,043,661

Assets

Equity

Contracts

Futures**

37

—

—

37

SmallCap

S&P

600

Index

Fund

Common

Stocks*

1,420,875

—

—

1,420,875

Investment

Companies

37,270

—

—

37,270

Total

investments

in

securities

$

1,458,145

$

—

$

—

$

1,458,145

Assets

Equity

Contracts

Futures**

64

—

—

64

SmallCap

Value

Fund

II

Common

Stocks

Basic

Materials

65,057

—

—

65,057

Communications

38,964

—

1

38,965

Consumer,

Cyclical

204,818

—

—

204,818

Consumer,

Non-cyclical

192,739

—

4

192,743

Energy

87,485

—

—

87,485

Financial

365,726

—

—

365,726

Government

48

—

—

48

Industrial

206,578

—

—

206,578

Technology

103,998

—

—

103,998

Utilities

43,272

—

—

43,272

Investment

Companies

36,755

—

—

36,755

Total

investments

in

securities

$

1,345,440

$

—

$

5

$

1,345,445

Liabilities

Equity

Contracts

Futures**

(74)

—

—

(74)

Tax-Exempt

Bond

Fund

Investment

Companies

26,922

—

—

26,922

Municipal

Bonds*

—

744,609

—

744,609

Total

investments

in

securities

$

26,922

$

744,609

$

—

$

771,531

July

31,

2021

(unaudited)

268

Certain

detailed

information

is

provided

for

those

Funds

with

significant

investments

in

Level

3

securities.

Quantitative

information

about

the

significant

unobservable

inputs

used

in

the

fair

value

measurements

categorized

with

Level

3

of

the

fair

value

hierarchy

is

as

follows

(amounts

in

thousands):

*Unobservable

inputs

were

weighted

by

the

relative

fair

value

of

the

instruments.

The

changes

in

investments

measured

at

fair

value

for

which

Level

3

inputs

have

been

used

to

determine

fair

value

are

as

follows

(amounts

shown

in

thousands):

*Securities

are

transferred

into

Level

3

for

a

variety

of

reasons

including,

but

not

limited

to:

1.

Securities

where

trading

has

been

halted

2.

Securities

that

have

certain

restrictions

on

trading

3.

Instances

in

which

a

security

is

not

priced

by

a

pricing

services

**Securities

are

transferred

out

of

Level

3

for

a

variety

of

reasons

including,

but

not

limited

to:

1.

Securities

where

trading

resumes

2.

Securities

where

trading

restrictions

have

expired

3.

Instances

in

which

a

price

becomes

available

from

a

pricing

service

At

the

end

of

the

period,

there

were

no

other

Funds

which

had

a

significant

Level

3

balance.

During

the

period,

there

were

no

significant

purchases,

sales,

or

transfers

into

or

out

of

Level

3,

except

as

noted

above.

The

Funds'

Schedules

of

Investments

as

of

July

31,

2021

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

Asset

Type

Fair

Value

as

of

July

31,

2021

Valuation

Technique

Unobservable

Input

Input

Valuations*

Global

Diversified

Income

Fund

Bonds

$

100,023

Yield

Analysis

Yield

to

Maturity

8.0%

-

11.0%

(10.2%)

195

Liquidation

Analysis

Discount

Rate

6.6%

Common

Stocks

34,878

Enterprise

Valuation

Model

EBITDA

Multiples

4.0

–

5.5x

(4.8x)

Discounted

Cash

Flow

Discount

Rate

10.1%

-

18.3%

(11.7%)

4

Indicative

Market

Quotations

Broker

Quote

$

0.05

Senior

Floating

Rate

Interests

6,360

Precedent

Transaction

Analysis

Direct

Offering

Price

$

100.00

35,440

Cash

Payout

Methodology

Liquidation

Payment

$100.00

$

176,900

LargeCap

Growth

Fund

I

Common

Stocks

$

4,579

Precedent

Transaction

Analysis

Direct

Offering

Price

$

40.13

Convertible

Preferred

Stocks

257,295

Precedent

Transaction

Analysis

Direct

Offering

Price

$

0.61

-

91.72

(69.65)

6,684

Precedent

Transaction

Analysis

Discount

Rate

5%

$

268,558

Fund

Fair

Value

October

31,

2020

Realized

Gain/

(Loss)

Accrued

Discounts/

Premiums

and

Change

in

Unrealized

Gain/

(Loss)

Purchases

Proceeds

from

Sales

Transfers

into

Level

3*

Transfers

Out

of

Level

3**

Value

as

of

July

31,

2021

Net

Change

in

Unrealized

Appreciation/

(Depreciation)

on

Investments

Held

at

July

31,

2021

Global

Diversified

Income

Fund

Bonds

$

103,557

$

299

$

(14,756)

$

56,596

$

(45,478)

$

—

$

—

$

100,218

$

(14,190)

Common

Stock

39,716

1,602

8,517

—

(7,385)

—

(7,568)

34,882

9,204

Senior

Floating

Rates

Interests

35,440

—

—

6,369

(9)

—

—

41,800

—

Total

$

178,713

$

1,901

$

(6,239)

$

62,965

$

(52,872)

$

—

$

(7,568)

$

176,900

$

(4,986)

LargeCap

Growth

Fund

I

Common

Stock

$

1,791

$

—

$

2,788

$

—

$

—

$

—

$

—

$

4,579

$

2,788

Convertible

Preferred

Stock

42,112

—

175,189

17,194

(12,977)

42,461

—

263,979

175,189

Total

$

43,903

$

—

$

177,977

$

17,194

$

(12,977)

$

42,461

$

—

$

268,558

$

177,977