Banking Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 98.5%
Banks - 92.9%
Citigroup, Inc.		15,750	$	999,495
JPMorgan Chase & Co.		4,885		988,040
Wells Fargo & Co.		16,434		976,015
Bank of America Corp.		24,022		955,355
PNC Financial Services Group, Inc.		5,106		793,881
U.S. Bancorp		19,642		779,787
Truist Financial Corp.		19,055		740,287
Bank of New York Mellon Corp.		11,286		675,919
NU Holdings Limited/Cayman Islands — Class A*		44,425		572,638
M&T Bank Corp.		3,392		513,413
Fifth Third Bancorp		13,831		504,693
State Street Corp.		6,337		468,938
Huntington Bancshares, Inc.		34,062		448,937
Regions Financial Corp.		22,078		442,443
Northern Trust Corp.		4,892		410,830
Citizens Financial Group, Inc.		11,229		404,581
Toronto-Dominion Bank		7,043		387,083
ICICI Bank Ltd. ADR		13,260		382,021
KeyCorp		26,293		373,624
HDFC Bank Ltd. ADR		5,700		366,681
East West Bancorp, Inc.		4,445		325,507
First Horizon Corp.		19,175		302,390
Bank of Nova Scotia		6,490		296,723
Webster Financial Corp.		6,526		284,468
Royal Bank of Canada		2,623		279,035
Comerica, Inc.		5,181		264,438
Commerce Bancshares, Inc.		4,723		263,449
Western Alliance Bancorporation		4,142		260,200
First Citizens BancShares, Inc. — Class A		153		257,592
Zions Bancorp North America		5,931		257,227
Cullen/Frost Bankers, Inc.		2,485		252,551
Wintrust Financial Corp.		2,560		252,314
Pinnacle Financial Partners, Inc.		3,129		250,445
SouthState Corp.		3,239		247,524
Popular, Inc.		2,797		247,339
Synovus Financial Corp.		6,112		245,641
Prosperity Bancshares, Inc.		3,968		242,604
Old National Bancorp		14,111		242,568
Canadian Imperial Bank of Commerce		5,028		239,031
HSBC Holdings plc ADR1		5,416		235,596
Cadence Bank		8,119		229,605
FNB Corp.		16,681		228,196
Bank OZK		5,451		223,491
Home BancShares, Inc.		9,024		216,215
UBS Group AG*		7,287		215,258
Bank of Montreal		2,532		212,308
Columbia Banking System, Inc.		10,620		211,232
United Bankshares, Inc.		6,505		211,022
Hancock Whitney Corp.		4,372		209,113
Barclays plc ADR		18,578		198,970
First Financial Bankshares, Inc.		6,490		191,650
UMB Financial Corp.		2,236		186,527
Associated Banc-Corp.		8,559		181,023
Fulton Financial Corp.		10,557		179,258
Valley National Bancorp		25,625		178,863
United Community Banks, Inc.		6,953		177,023
Texas Capital Bancshares, Inc.*		2,844		173,882
International Bancshares Corp.		3,032		173,461
Cathay General Bancorp		4,459		168,193
First Hawaiian, Inc.		8,037		166,848
First Interstate BancSystem, Inc. — Class A		5,771		160,261
Ameris Bancorp		3,143		158,250
CVB Financial Corp.		9,027		155,626
Eastern Bankshares, Inc.		11,044		154,395
Simmons First National Corp. — Class A		8,596		151,118
Bank of Hawaii Corp.		2,637		150,863
Seacoast Banking Corporation of Florida		6,081		143,755
Bancorp, Inc.*		3,773		142,469
BOK Financial Corp.		1,554		142,409
Independent Bank Corp.		2,442		123,858
Banco Bradesco S.A. ADR		51,134		114,540
Total Banks				22,960,985
Diversified Financial Services - 2.9%
Capital One Financial Corp.		5,211		721,463
Savings & Loans - 2.7%
New York Community Bancorp, Inc.		55,701		179,357
WSFS Financial Corp.		3,719		174,793
WaFd, Inc.		5,526		157,933
Pacific Premier Bancorp, Inc.		6,732		154,634
Total Savings & Loans				666,717
Total Common Stocks
(Cost $21,607,602)				24,349,165
PREFERRED STOCKS† - 1.0%
Financial - 1.0%
Itau Unibanco Holding S.A.
ADR		40,681		237,577
Total Preferred Stocks
(Cost $246,196)				237,577

	Face Amount
REPURCHASE AGREEMENTS††,2 - 0.4%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	61,727	61,727
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		48,664	48,664
Total Repurchase Agreements
(Cost $110,391)			110,391

Banking Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares
SECURITIES LENDING COLLATERAL†,3 - 0.7%
Money Market Fund***
First American Government Obligations Fund - Class X, 5.23%4		182,804	$	182,804
Total Securities Lending Collateral
(Cost $182,804)				182,804
Total Investments - 100.6%
(Cost $22,146,993)			$	24,879,937
Other Assets & Liabilities, net - (0.6)%				(154,349	)
Total Net Assets - 100.0%			$	24,725,588

*	Non-income producing security.
***	A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Repurchase Agreements — See Note 4.
3	Securities lending collateral — See Note 5.
4	Rate indicated is the 7-day yield as of June 30, 2024.

ADR — American Depositary Receipt

plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	24,349,165	$	—	$	—	$	24,349,165
Preferred Stocks		237,577		—		—		237,577
Repurchase Agreements		—		110,391		—		110,391
Securities Lending Collateral		182,804		—		—		182,804
Total Assets	$	24,769,546	$	110,391	$	—	$	24,879,937

Basic Materials Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.5%
Chemicals - 35.7%
Linde plc		2,950	$	1,294,490
Sherwin-Williams Co.		2,488		742,494
Ecolab, Inc.		2,888		687,344
Air Products and Chemicals, Inc.		2,477		639,190
Dow, Inc.		9,983		529,598
DuPont de Nemours, Inc.		6,071		488,655
PPG Industries, Inc.		3,802		478,634
LyondellBasell Industries N.V. — Class A		4,653		445,106
International Flavors & Fragrances, Inc.		4,599		437,871
Nutrien Ltd.		6,576		334,784
CF Industries Holdings, Inc.		4,491		332,873
Celanese Corp. — Class A		2,448		330,211
RPM International, Inc.		2,987		321,640
Eastman Chemical Co.		3,027		296,555
Albemarle Corp.		2,939		280,733
Mosaic Co.		9,609		277,700
Arcadium Lithium plc*		82,150		276,024
FMC Corp.		4,233		243,609
Axalta Coating Systems Ltd.*		6,985		238,677
Element Solutions, Inc.		8,236		223,360
Olin Corp.		4,301		202,792
Westlake Corp.		1,382		200,141
Ashland, Inc.		1,926		181,988
Huntsman Corp.		7,317		166,608
Chemours Co.		6,880		155,282
Balchem Corp.		905		139,325
Innospec, Inc.		902		111,478
Total Chemicals				10,057,162
Mining - 24.1%
Freeport-McMoRan, Inc.		15,513		753,932
Newmont Corp.		14,925		624,910
Barrick Gold Corp.		26,989		450,176
Agnico Eagle Mines Ltd.		5,629		368,137
BHP Group Ltd. ADR1		6,213		354,700
Rio Tinto plc ADR		5,376		354,440
Wheaton Precious Metals Corp.		6,403		335,645
Kinross Gold Corp.		40,241		334,805
Anglogold Ashanti plc		12,908		324,378
Gold Fields Ltd. ADR		21,153		315,180
Franco-Nevada Corp.		2,621		310,641
Pan American Silver Corp.		15,164		301,460
Alamos Gold, Inc. — Class A		18,344		287,634
Southern Copper Corp.		2,553		275,060
Royal Gold, Inc.		2,082		260,583
Alcoa Corp.		6,040		240,271
Sigma Lithium Corp.*,1		19,712		237,135
B2Gold Corp.		83,365		225,085
Hecla Mining Co.		30,215		146,543
MP Materials Corp.*,1		8,327		106,003
Century Aluminum Co.*		5,209		87,251
SSR Mining, Inc.		18,262		82,362
Total Mining				6,776,331
Iron & Steel - 12.3%
Nucor Corp.		3,526		557,390
Vale S.A. ADR		37,861		422,907
Steel Dynamics, Inc.		3,104		401,968
Reliance, Inc.		1,271		362,998
ArcelorMittal S.A.		12,165		278,943
Gerdau S.A. ADR		79,251		261,528
United States Steel Corp.		6,627		250,501
Cleveland-Cliffs, Inc.*		16,001		246,255
ATI, Inc.*		4,207		233,278
Commercial Metals Co.		4,241		233,213
Carpenter Technology Corp.		1,943		212,914
Total Iron & Steel				3,461,895
Packaging & Containers - 10.6%
Ball Corp.		6,128		367,803
Packaging Corporation of America		1,943		354,714
Amcor plc		32,553		318,368
Westrock Co.		6,287		315,985
AptarGroup, Inc.		1,884		265,286
Crown Holdings, Inc.		3,447		256,422
Graphic Packaging Holding Co.		9,393		246,190
Berry Global Group, Inc.		3,853		226,749
Sealed Air Corp.		5,504		191,484
Sonoco Products Co.		3,637		184,469
Silgan Holdings, Inc.		3,836		162,378
O-I Glass, Inc.*		10,315		114,806
Total Packaging & Containers				3,004,654
Building Materials - 8.9%
CRH plc*		8,185		613,711
Martin Marietta Materials, Inc.		916		496,289
Vulcan Materials Co.		1,986		493,878
Cemex SAB de CV ADR		44,525		284,515
Eagle Materials, Inc.		1,061		230,725
Louisiana-Pacific Corp.		2,332		191,994
Summit Materials, Inc. — Class A*		5,036		184,368
Total Building Materials				2,495,480
Coal - 2.6%
Teck Resources Ltd. — Class B		7,680		367,872
Warrior Met Coal, Inc.		2,539		159,373
Arch Resources, Inc.		715		108,845
Alpha Metallurgical Resources, Inc.		340		95,380
Total Coal				731,470
Biotechnology - 2.0%
Corteva, Inc.		10,276		554,288
Household Products & Housewares - 1.3%
Avery Dennison Corp.		1,674		366,020
Forest Products & Paper - 1.2%
International Paper Co.		7,685		331,608
Housewares - 0.5%
Scotts Miracle-Gro Co. — Class A		2,233		145,279
Environmental Control - 0.3%
PureCycle Technologies, Inc.*,1		14,140		83,709
Total Common Stocks
(Cost $17,465,452)				28,007,896

Basic Materials Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Face Amount		Value
REPURCHASE AGREEMENTS††,2 - 0.6%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	91,238	$	91,238
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		71,931		71,931
Total Repurchase Agreements
(Cost $163,169)				163,169

	Shares
SECURITIES LENDING COLLATERAL†,3 - 1.8%
Money Market Fund***
First American Government Obligations Fund - Class X, 5.23%4		509,003	$	509,003
Total Securities Lending Collateral
(Cost $509,003)				509,003
Total Investments - 101.9%
(Cost $18,137,624)			$	28,680,068
Other Assets & Liabilities, net - (1.9)%				(527,650	)
Total Net Assets - 100.0%			$	28,152,418

*	Non-income producing security.
***	A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Repurchase Agreements — See Note 4.
3	Securities lending collateral — See Note 5.
4	Rate indicated is the 7-day yield as of June 30, 2024.

ADR — American Depositary Receipt

plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	28,007,896	$	—	$	—	$	28,007,896
Repurchase Agreements		—		163,169		—		163,169
Securities Lending Collateral		509,003		—		—		509,003
Total Assets	$	28,516,899	$	163,169	$	—	$	28,680,068

Biotechnology Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 100.2%
Biotechnology - 76.0%
Amgen, Inc.		21,642	$	6,762,043
Gilead Sciences, Inc.		70,331		4,825,410
Regeneron Pharmaceuticals, Inc.*		4,360		4,582,491
Vertex Pharmaceuticals, Inc.*		9,350		4,382,532
Alnylam Pharmaceuticals, Inc.*		14,179		3,445,497
Corteva, Inc.		58,795		3,171,402
Biogen, Inc.*		12,559		2,911,427
Moderna, Inc.*		24,446		2,902,962
Sarepta Therapeutics, Inc.*		13,412		2,119,096
Illumina, Inc.*		19,243		2,008,584
United Therapeutics Corp.*		6,215		1,979,788
BioMarin Pharmaceutical, Inc.*		24,030		1,978,390
Royalty Pharma plc — Class A		69,616		1,835,774
Insmed, Inc.*		25,565		1,712,855
Incyte Corp.*		27,942		1,693,844
Argenx SE ADR*		3,465		1,490,089
Legend Biotech Corp. ADR*		33,038		1,463,253
Ionis Pharmaceuticals, Inc.*		28,433		1,355,117
Halozyme Therapeutics, Inc.*		25,757		1,348,637
Intra-Cellular Therapies, Inc.*		19,307		1,322,336
Exelixis, Inc.*		57,665		1,295,733
Cytokinetics, Inc.*		23,294		1,262,069
REVOLUTION Medicines, Inc.*		31,620		1,227,172
Viking Therapeutics, Inc.*		22,516		1,193,573
Roivant Sciences Ltd.*		107,377		1,134,975
CRISPR Therapeutics AG*		20,853		1,126,271
Blueprint Medicines Corp.*		9,286		1,000,845
BioNTech SE ADR*		11,983		962,954
Axsome Therapeutics, Inc.*		11,908		958,594
Apellis Pharmaceuticals, Inc.*		23,678		908,288
Guardant Health, Inc.*		31,279		903,338
Crinetics Pharmaceuticals, Inc.*		20,096		900,100
Arrowhead Pharmaceuticals, Inc.*		34,574		898,578
Cerevel Therapeutics Holdings, Inc.*		21,727		888,417
Bridgebio Pharma, Inc.*		34,989		886,271
Ultragenyx Pharmaceutical, Inc.*		21,535		885,088
Amicus Therapeutics, Inc.*		83,358		826,911
TG Therapeutics, Inc.*		46,215		822,165
Prothena Corporation plc*		38,699		798,747
ACADIA Pharmaceuticals, Inc.*		45,448		738,530
Krystal Biotech, Inc.*		3,945		724,460
Iovance Biotherapeutics, Inc.*		89,606		718,640
Ardelyx, Inc.*		95,395		706,877
Intellia Therapeutics, Inc.*		29,606		662,582
Immunovant, Inc.*		25,064		661,690
PTC Therapeutics, Inc.*		21,151		646,798
Beam Therapeutics, Inc.*		26,919		630,712
Novavax, Inc.*		48,422		613,023
Nuvalent, Inc. — Class A*		8,070		612,190
SpringWorks Therapeutics, Inc.*		16,194		610,028
Dynavax Technologies Corp.*		52,921		594,303
Akero Therapeutics, Inc.*		25,245		592,248
Recursion Pharmaceuticals, Inc. — Class A*		74,126		555,945
Sage Therapeutics, Inc.*		32,164		349,301
GRAIL, Inc.*,1		3,199		49,166
Total Biotechnology				81,638,109
Pharmaceuticals - 19.1%
AbbVie, Inc.		52,186		8,950,943
AstraZeneca plc ADR		36,119		2,816,921
Neurocrine Biosciences, Inc.*		13,507		1,859,509
Viatris, Inc.		171,258		1,820,472
Alkermes plc*		57,132		1,376,881
Jazz Pharmaceuticals plc*		11,663		1,244,792
Vaxcyte, Inc.*		16,322		1,232,474
Madrigal Pharmaceuticals, Inc.*		2,324		651,092
Ironwood Pharmaceuticals, Inc. — Class A*		76,610		499,497
Total Pharmaceuticals				20,452,581
Healthcare-Products - 3.8%
Natera, Inc.*		16,365		1,772,166
Exact Sciences Corp.*		33,635		1,421,079
Twist Bioscience Corp.*		15,458		761,770
Pacific Biosciences of California, Inc.*,1		103,284		141,499
Total Healthcare-Products				4,096,514
Healthcare-Services - 1.3%
Medpace Holdings, Inc.*		3,348		1,378,874
Total Common Stocks
(Cost $55,989,203)				107,566,078

	Face Amount
REPURCHASE AGREEMENTS††,2 - 0.8%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	459,377	459,377
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		362,164	362,164
Total Repurchase Agreements
(Cost $821,541)			821,541

	Shares
SECURITIES LENDING COLLATERAL†,3 - 0.1%
Money Market Fund***
First American Government Obligations Fund - Class X, 5.23%4		155,023		155,023
Total Securities Lending Collateral
(Cost $155,023)				155,023
Total Investments - 101.1%
(Cost $56,965,767)			$	108,542,642
Other Assets & Liabilities, net - (1.1)%				(1,152,914	)
Total Net Assets - 100.0%			$	107,389,728

Biotechnology Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

*	Non-income producing security.
***	A copy of each underlying unaffiliated fund's statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Repurchase Agreements — See Note 4.
3	Securities lending collateral — See Note 5.
4	Rate indicated is the 7-day yield as of June 30, 2024.

ADR — American Depositary Receipt

plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	107,566,078	$	—	$	—	$	107,566,078
Repurchase Agreements		—		821,541		—		821,541
Securities Lending Collateral		155,023		—		—		155,023
Total Assets	$	107,721,101	$	821,541	$	—	$	108,542,642

Consumer Products Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.5%
Food - 33.3%
Mondelez International, Inc. — Class A		26,879	$	1,758,962
Hershey Co.		6,160		1,132,393
Sysco Corp.		15,825		1,129,747
General Mills, Inc.		17,465		1,104,836
Kroger Co.		21,846		1,090,771
Kraft Heinz Co.		29,225		941,630
Tyson Foods, Inc. — Class A		15,131		864,585
McCormick & Company, Inc.		11,861		841,419
Kellanova		12,780		737,151
Conagra Brands, Inc.		24,389		693,135
US Foods Holding Corp.*		13,074		692,661
Lamb Weston Holdings, Inc.		7,715		648,677
J M Smucker Co.		5,754		627,416
Performance Food Group Co.*		9,040		597,634
Campbell Soup Co.		12,806		578,703
Sprouts Farmers Market, Inc.*		6,865		574,326
Hormel Foods Corp.		18,496		563,943
Ingredion, Inc.		4,493		515,347
Albertsons Companies, Inc. — Class A		24,288		479,688
Post Holdings, Inc.*		4,167		434,035
Flowers Foods, Inc.		17,551		389,632
Simply Good Foods Co.*		9,382		338,972
Cal-Maine Foods, Inc.		5,118		312,761
Grocery Outlet Holding Corp.*		12,518		276,898
Lancaster Colony Corp.		1,459		275,707
Pilgrim’s Pride Corp.*		6,502		250,262
Total Food				17,851,291
Beverages - 26.0%
Coca-Cola Co.		46,846		2,981,748
PepsiCo, Inc.		17,353		2,862,030
Constellation Brands, Inc. — Class A		4,744		1,220,536
Monster Beverage Corp.*		23,695		1,183,565
Keurig Dr Pepper, Inc.		33,333		1,113,322
Coca-Cola Europacific Partners plc		12,481		909,491
Brown-Forman Corp. — Class B		19,725		851,923
Anheuser-Busch InBev S.A. ADR1		12,032		699,661
Fomento Economico Mexicano SAB de CV ADR		6,352		683,793
Molson Coors Beverage Co. — Class B		11,727		596,084
Celsius Holdings, Inc.*		9,937		567,303
Coca-Cola Consolidated, Inc.		240		260,400
Total Beverages				13,929,856
Cosmetics & Personal Care - 16.7%
Procter & Gamble Co.		22,445		3,701,629
Colgate-Palmolive Co.		17,497		1,697,909
Kenvue, Inc.		61,009		1,109,144
Estee Lauder Companies, Inc. — Class A		10,130		1,077,832
Unilever plc ADR		13,122		721,579
elf Beauty, Inc.*		3,109		655,128
Total Cosmetics & Personal Care				8,963,221
Agriculture - 13.1%
Philip Morris International, Inc.		23,300		2,360,989
Altria Group, Inc.		36,476		1,661,482
Archer-Daniels-Midland Co.		17,027		1,029,282
Bunge Global S.A.		7,010		748,458
British American Tobacco plc ADR		23,636		731,061
Darling Ingredients, Inc.*		12,988		477,309
Total Agriculture				7,008,581
Household Products & Housewares - 6.5%
Kimberly-Clark Corp.		9,141		1,263,286
Church & Dwight Company, Inc.		9,029		936,127
Clorox Co.		5,770		787,432
Spectrum Brands Holdings, Inc.		3,350		287,865
WD-40 Co.		801		175,932
Total Household Products & Housewares				3,450,642
Retail - 2.2%
Casey’s General Stores, Inc.		1,838		701,307
Freshpet, Inc.*		3,697		478,355
Total Retail				1,179,662
Pharmaceuticals - 1.0%
BellRing Brands, Inc.*		9,195		525,402
Internet - 0.7%
Maplebear, Inc.*		11,423		367,135
Total Common Stocks
(Cost $28,209,290)				53,275,790

	Face Amount
REPURCHASE AGREEMENTS††,2 - 0.1%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	35,108		35,108
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		27,679		27,679
Total Repurchase Agreements
(Cost $62,787)				62,787
SECURITIES LENDING COLLATERAL†,3 - 1.0%
Money Market Fund**
First American Government Obligations Fund - Class X, 5.23%4		550,384		550,384
Total Securities Lending Collateral
(Cost $550,384)				550,384
Total Investments - 100.6%
(Cost $28,822,461)			$	53,888,961
Other Assets & Liabilities, net - (0.6)%				(327,684	)
Total Net Assets - 100.0%			$	53,561,277

Consumer Products Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

*	Non-income producing security.
**	A copy of each underlying unaffiliated fund’s financial statements is available at the SEC’s website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Repurchase Agreements — See Note 4.
3	Securities lending collateral — See Note 5.
4	Rate indicated is the 7-day yield as of June 30, 2024.

ADR — American Depositary Receipt

plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	53,275,790	$	—	$	—	$	53,275,790
Repurchase Agreements		—		62,787		—		62,787
Securities Lending Collateral		550,384		—		—		550,384
Total Assets	$	53,826,174	$	62,787	$	—	$	53,888,961

Dow Jones Industrial Average® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 86.4%
Financial - 19.6%
Goldman Sachs Group, Inc.		3,381	$	1,529,294
Visa, Inc. — Class A		3,381		887,411
American Express Co.		3,381		782,871
Travelers Companies, Inc.		3,381		687,492
JPMorgan Chase & Co.		3,381		683,841
Total Financial				4,570,909
Consumer, Non-cyclical - 19.2%
UnitedHealth Group, Inc.		3,381		1,721,808
Amgen, Inc.		3,381		1,056,393
Procter & Gamble Co.		3,381		557,594
Johnson & Johnson		3,381		494,167
Merck & Company, Inc.		3,381		418,568
Coca-Cola Co.		3,381		215,201
Total Consumer, Non-cyclical				4,463,731
Technology - 16.2%
Microsoft Corp.		3,381		1,511,138
Salesforce, Inc.		3,381		869,255
Apple, Inc.		3,381		712,106
International Business Machines Corp.		3,381		584,744
Intel Corp.		3,381		104,710
Total Technology				3,781,953
Industrial - 12.0%
Caterpillar, Inc.		3,381		1,126,211
Honeywell International, Inc.		3,381		721,979
Boeing Co.*		3,381		615,376
3M Co.		3,381		345,504
Total Industrial				2,809,070
Consumer, Cyclical - 10.8%
Home Depot, Inc.		3,381		1,163,875
McDonald’s Corp.		3,381		861,614
NIKE, Inc. — Class B		3,381		254,826
Walmart, Inc.		3,381		228,928
Total Consumer, Cyclical				2,509,243
Communications - 5.5%
Amazon.com, Inc.*		3,381		653,378
Walt Disney Co.		3,381		335,700
Cisco Systems, Inc.		3,381		160,631
Verizon Communications, Inc.		3,381		139,433
Total Communications				1,289,142
Energy - 2.3%
Chevron Corp.		3,381		528,856
Basic Materials - 0.8%
Dow, Inc.		3,381		179,362
Total Common Stocks
(Cost $15,083,738)				20,132,266
MUTUAL FUNDS† - 5.5%
Guggenheim Ultra Short Duration Fund — Institutional Class1		67,906		674,989
Guggenheim Strategy Fund II1		24,698		608,814
Total Mutual Funds
(Cost $1,285,414)				1,283,803

	Face Amount
U.S. TREASURY BILLS†† - 0.6%
U.S. Treasury Bills
5.18% due 07/09/242,3	$	110,000		109,872
5.23% due 09/12/243,4		25,000		24,735
Total U.S. Treasury Bills
(Cost $134,606)				134,607
REPURCHASE AGREEMENTS††,5 - 7.5%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/244		979,728		979,728
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/244		772,401		772,401
Total Repurchase Agreements
(Cost $1,752,129)				1,752,129
Total Investments - 100.0%
(Cost $18,255,887)			$	23,302,805
Other Assets & Liabilities, net - 0.0%				(6,253	)
Total Net Assets - 100.0%			$	23,296,552

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Appreciation**
Equity Futures Contracts Purchased†
Dow Jones Industrial Average Mini Futures Contracts		3	Sep 2024	$	592,275	$	7,119

Total Return Swap Agreements

Counterparty

Index

Type

Financing Rate

Payment Frequency

Maturity Date

Units

Notional Amount

Value and Unrealized Appreciation (Depreciation)

OTC Equity Index Swap Agreements††

BNP Paribas

Dow Jones Industrial Average

Pay

5.88% (Federal Funds Rate + 0.55%)

At Maturity

09/26/24

54

$

2,125,672

$

337

Barclays Bank plc

Dow Jones Industrial Average

Pay

5.94% (SOFR + 0.60%)

At Maturity

09/25/24

12

475,541

(3,342

)

$

2,601,213

$

(3,005

)

Dow Jones Industrial Average® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Affiliated issuer.
2	All or a portion of this security is pledged as futures collateral at June 30, 2024.
3	Rate indicated is the effective yield at the time of purchase.
4	All or a portion of this security is pledged as equity index swap collateral at June 30, 2024.
5	Repurchase Agreements — See Note 4.

plc — Public Limited Company

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	20,132,266	$	—	$	—	$	20,132,266
Mutual Funds		1,283,803		—		—		1,283,803
U.S. Treasury Bills		—		134,607		—		134,607
Repurchase Agreements		—		1,752,129		—		1,752,129
Equity Futures Contracts**		7,119		—		—		7,119
Equity Index Swap Agreements**		—		337		—		337
Total Assets	$	21,423,188	$	1,887,073	$	—	$	23,310,261

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Equity Index Swap Agreements**	$	—	$	3,342	$	—	$	3,342

** This derivative is reported as unrealized appreciation/depreciation at period end.

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III (collectively, the “Guggenheim Strategy Funds”), each of which are open-end management investment companies managed by GI. The Guggenheim Strategy Funds, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Guggenheim Strategy Funds pay no investment management fees. The Guggenheim Strategy Funds’ annual report on Form N-CSR dated September 30, 2023 is available publicly or upon request. This information is available from the EDGAR database on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1601445/000182126823000217/gug86449-ncsr.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Transactions during the period ended June 30, 2024, in which the company is an affiliated issuer, were as follows:

Dow Jones Industrial Average® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

Security Name	Value 03/31/24		Additions		Reductions		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 06/30/24		Shares 06/30/24		Investment Income
Mutual Funds
Guggenheim Strategy Fund II	$	607,579	$	–	$	–	$	–	$	1,235	$	608,814		24,698	$	8,515
Guggenheim Ultra Short Duration Fund — Institutional Class		672,952		–		–		–		2,037		674,989		67,906		8,718
	$	1,280,531	$	–	$	–	$	–	$	3,272	$	1,283,803			$	17,233

Electronics Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.3%
Semiconductors - 94.0%
NVIDIA Corp.		178,705	$	22,077,216
Broadcom, Inc.		6,488		10,416,679
Advanced Micro Devices, Inc.*		42,601		6,910,308
QUALCOMM, Inc.		30,075		5,990,338
Applied Materials, Inc.		24,924		5,881,815
Texas Instruments, Inc.		28,865		5,615,108
Lam Research Corp.		4,743		5,050,584
Intel Corp.		157,862		4,888,986
Micron Technology, Inc.		36,619		4,816,497
Analog Devices, Inc.		19,506		4,452,440
KLA Corp.		5,362		4,421,023
Marvell Technology, Inc.		46,189		3,228,611
Microchip Technology, Inc.		31,947		2,923,150
NXP Semiconductor N.V.		10,696		2,878,187
Monolithic Power Systems, Inc.		3,237		2,659,778
ASML Holding N.V. — Class G		2,491		2,547,620
Taiwan Semiconductor Manufacturing Company Ltd. ADR		14,313		2,487,743
ON Semiconductor Corp.*		31,933		2,189,007
Teradyne, Inc.		13,820		2,049,368
ARM Holdings plc ADR*,1		12,441		2,035,596
Entegris, Inc.		14,031		1,899,797
Skyworks Solutions, Inc.		16,227		1,729,474
Kulicke & Soffa Industries, Inc.		31,004		1,525,087
ASE Technology Holding Company Ltd. ADR		125,915		1,437,949
United Microelectronics Corp. ADR1		163,477		1,432,058
Qorvo, Inc.*		12,089		1,402,808
STMicroelectronics N.V. — Class Y		35,029		1,375,939
MKS Instruments, Inc.		9,415		1,229,411
Lattice Semiconductor Corp.*		19,914		1,154,813
MACOM Technology Solutions Holdings, Inc.*		9,964		1,110,687
Cirrus Logic, Inc.*		8,655		1,104,897
Rambus, Inc.*		18,267		1,073,369
Amkor Technology, Inc.		24,375		975,487
GLOBALFOUNDRIES, Inc.*,1		17,944		907,249
Axcelis Technologies, Inc.*		6,192		880,440
Power Integrations, Inc.		11,653		817,924
Impinj, Inc.*		4,912		770,054
Silicon Laboratories, Inc.*		6,347		702,169
Synaptics, Inc.*		7,783		686,461
Diodes, Inc.*		9,204		662,044
Wolfspeed, Inc.*,1		28,246		642,879
Allegro MicroSystems, Inc.*		22,081		623,567
Ambarella, Inc.*		11,048		596,040
Semtech Corp.*		19,351		578,208
Aehr Test Systems*		19,196		214,419
Total Semiconductors				129,053,284
Energy-Alternate Sources - 3.8%
First Solar, Inc.*		7,966		1,796,014
Enphase Energy, Inc.*		13,567		1,352,766
Canadian Solar, Inc.*,1		76,870		1,133,832
SolarEdge Technologies, Inc.*		35,142		887,687
Total Energy-Alternate Sources				5,170,299
Electrical Components & Equipment - 0.9%
Universal Display Corp.		6,094		1,281,264
Telecommunications - 0.6%
Credo Technology Group Holding Ltd.*		28,583		912,941
Total Common Stocks
(Cost $76,101,752)				136,417,788

	Face Amount
REPURCHASE AGREEMENTS††,2 - 0.3%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	194,695	194,695
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		153,494	153,494
Total Repurchase Agreements
(Cost $348,189)			348,189

	Shares
SECURITIES LENDING COLLATERAL†,3 - 3.2%
Money Market Fund**
First American Government Obligations Fund - Class X, 5.23%4		4,355,199		4,355,199
Total Securities Lending Collateral
(Cost $4,355,199)				4,355,199
Total Investments - 102.8%
(Cost $80,805,140)			$	141,121,176
Other Assets & Liabilities, net - (2.8)%				(3,858,092	)
Total Net Assets - 100.0%			$	137,263,084

*	Non-income producing security.
**	A copy of each underlying unaffiliated fund’s financial statements is available at the SEC’s website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Repurchase Agreements — See Note 4.
3	Securities lending collateral — See Note 5.
4	Rate indicated is the 7-day yield as of June 30, 2024.

ADR — American Depositary Receipt

plc — Public Limited Company

See Sector Classification in Other Information section.

Electronics Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	136,417,788	$	—	$	—	$	136,417,788
Repurchase Agreements		—		348,189		—		348,189
Securities Lending Collateral		4,355,199		—		—		4,355,199
Total Assets	$	140,772,987	$	348,189	$	—	$	141,121,176

Emerging Markets 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 41.6%
Technology - 13.6%
Taiwan Semiconductor Manufacturing Company Ltd. ADR		1,441	$	250,460
Infosys Ltd. ADR		3,140		58,467
NetEase, Inc. ADR		322		30,777
United Microelectronics Corp. ADR1		2,147		18,807
ASE Technology Holding Company Ltd. ADR		1,578		18,021
Wipro Ltd. ADR1		1,300		7,930
Total Technology				384,462
Communications - 11.7%
Alibaba Group Holding Ltd. ADR		1,598		115,056
PDD Holdings, Inc. ADR*		611		81,232
JD.com, Inc. ADR		1,159		29,949
Trip.com Group Ltd. ADR*		516		24,252
Baidu, Inc. ADR*		263		22,744
America Movil SAB de CV ADR		941		15,997
Chunghwa Telecom Company Ltd. ADR		350		13,513
Telkom Indonesia Persero Tbk PT ADR		438		8,191
Tencent Music Entertainment Group ADR		577		8,107
Kanzhun Ltd. ADR		308		5,794
Full Truck Alliance Company Ltd. ADR		606		4,872
Total Communications				329,707
Financial - 8.1%
HDFC Bank Ltd. ADR		1,586		102,027
ICICI Bank Ltd. ADR		2,120		61,077
KB Financial Group, Inc. ADR		346		19,587
Shinhan Financial Group Company Ltd. ADR		445		15,491
Banco Bradesco S.A. ADR		4,894		10,963
KE Holdings, Inc. ADR		615		8,702
Woori Financial Group, Inc. ADR		203		6,504
Banco de Chile ADR		200		4,526
Total Financial				228,877
Basic Materials - 3.0%
Vale S.A. ADR		3,345		37,363
POSCO Holdings, Inc. ADR1		274		18,013
Gold Fields Ltd. ADR		823		12,263
Suzano S.A. ADR		673		6,912
Sociedad Quimica y Minera de Chile S.A. ADR1		132		5,379
Gerdau S.A. ADR		1,279		4,221
Total Basic Materials				84,151
Consumer, Non-cyclical - 2.2%
Fomento Economico Mexicano SAB de CV ADR		168		18,085
New Oriental Education & Technology Group, Inc. ADR*		138		10,726
Dr Reddy’s Laboratories Ltd. ADR		112		8,533
Ambev S.A. ADR		4,065		8,333
BeiGene Ltd. ADR*		56		7,990
TAL Education Group ADR*		425		4,535
Coca-Cola Femsa SAB de CV ADR		48		4,121
Total Consumer, Non-cyclical				62,323
Industrial - 1.0%
Cemex SAB de CV ADR		1,395		8,914
ZTO Express Cayman, Inc. ADR		391		8,113
Grupo Aeroportuario del Pacifico SAB de CV ADR		36		5,608
Grupo Aeroportuario del Sureste SAB de CV ADR		17		5,092
Total Industrial				27,727
Energy - 0.9%
Petroleo Brasileiro S.A. ADR		1,714		24,836
Consumer, Cyclical - 0.7%
Li Auto, Inc. ADR*		537		9,602
NIO, Inc. ADR*,1		1,589		6,610
H World Group Ltd. ADR		129		4,298
Total Consumer, Cyclical				20,510
Utilities - 0.4%
Centrais Eletricas Brasileiras S.A. ADR1		952		6,121
Cia de Saneamento Basico do Estado de Sao Paulo ADR		315		4,237
Total Utilities				10,358
Total Common Stocks
(Cost $757,541)				1,172,951
PREFERRED STOCKS† - 1.9%
Energy - 1.0%
Petroleo Brasileiro S.A. ADR		2,116		28,862
Financial - 0.9%
Itau Unibanco Holding S.A. ADR		4,464		26,070
Total Preferred Stocks
(Cost $38,183)				54,932

	Face Amount
REPURCHASE AGREEMENTS††,2 - 50.7%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/243	$	799,622	799,622
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/243		630,408	630,408
Total Repurchase Agreements
(Cost $1,430,030)			1,430,030

Emerging Markets 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
SECURITIES LENDING COLLATERAL†,4 - 1.7%
Money Market Fund***
First American Government Obligations Fund - Class X, 5.23%5		48,080	$	48,080
Total Securities Lending Collateral
(Cost $48,080)				48,080
Total Investments - 95.9%
(Cost $2,273,834)			$	2,705,993
Other Assets & Liabilities, net - 4.1%				116,658
Total Net Assets - 100.0%			$	2,822,651

Total Return Swap Agreements

Counterparty	Index	Type	Financing Rate	Payment Frequency	Maturity Date	Units		Notional Amount		Value and Unrealized Depreciation
OTC Equity Index Swap Agreements††
BNP Paribas	S&P Emerging 50 ADR Index	Pay	5.93% (Federal Funds Rate + 0.60%)	At Maturity	09/26/24		382	$	1,102,421	$	(8,366	)
Goldman Sachs International	S&P Emerging 50 ADR Index	Pay	5.58% (Federal Funds Rate + 0.25%)	At Maturity	09/26/24		1,141		3,295,472		(14,679	)
								$	4,397,893	$	(23,045	)

*	Non-income producing security.
***	A copy of each underlying unaffiliated fund's statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Repurchase Agreements — See Note 4.
3	All or a portion of this security is pledged as equity index swap collateral at June 30, 2024.
4	Securities lending collateral — See Note 5.
5	Rate indicated is the 7-day yield as of June 30, 2024.

ADR — American Depositary Receipt

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	1,172,951	$	—	$	—	$	1,172,951
Preferred Stocks		54,932		—		—		54,932
Repurchase Agreements		—		1,430,030		—		1,430,030
Securities Lending Collateral		48,080		—		—		48,080
Total Assets	$	1,275,963	$	1,430,030	$	—	$	2,705,993

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Equity Index Swap Agreements**	$	—	$	23,045	$	—	$	23,045

** This derivative is reported as unrealized appreciation/depreciation at period end.

Emerging Markets Bond Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Face Amount		Value
U.S. TREASURY BILLS†† - 0.7%
U.S. Treasury Bills
5.18% due 07/09/241,2	$	4,000	$	3,996
Total U.S. Treasury Bills
(Cost $3,996)				3,996
REPURCHASE AGREEMENTS††,3 - 89.9%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/244		293,453		293,453
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/244		231,354		231,354
Total Repurchase Agreements
(Cost $524,807)				524,807
Total Investments - 90.6%
(Cost $528,803)			$	528,803
Other Assets & Liabilities, net - 9.4%				55,056
Total Net Assets - 100.0%			$	583,859

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Appreciation**
Interest Rate Futures Contracts Purchased†
U.S. Treasury 5 Year Note Futures Contracts		4	Sep 2024	$	426,094	$	634

Centrally Cleared Credit Default Swap Agreements Protection Sold^††

Counterparty	Exchange	Index	Protection Premium Rate			Payment Frequency	Maturity Date	Notional Amount		Value			Upfront Premiums Received			Unrealized Depreciation**
Barclays Bank plc	ICE	CDX.EM.41.V1		1.00	%	Quarterly	06/20/29	$	470,000	$	(15,028	)	$	(14,351	)	$	(677	)

Total Return Swap Agreements

Counterparty

Index

Type

Financing Rate

Payment Frequency

Maturity Date

Units

Notional Amount

Value and Unrealized Depreciation

OTC Credit Index Swap Agreements††

Goldman Sachs International

Invesco Emerging Markets Sovereign Debt ETF

Pay

5.93% (Federal Funds Rate + 0.60%)

At Maturity

07/25/24

9,788

$

195,760

$

(3,132

)

**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is pledged as futures collateral at June 30, 2024.
2	Rate indicated is the effective yield at the time of purchase.
3	Repurchase Agreements — See Note 4.
4	All or a portion of this security is pledged as equity index swap collateral at June 30, 2024.

CDX.EM.41.V1 — Credit Default Swap Emerging Markets Series 41 Index Version 1

ICE — Intercontinental Exchange

plc — Public Limited Company

See Sector Classification in Other Information section.

Emerging Markets Bond Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
U.S. Treasury Bills	$	—	$	3,996	$	—	$	3,996
Repurchase Agreements		—		524,807		—		524,807
Interest Rate Futures Contracts**		634		—		—		634
Total Assets	$	634	$	528,803	$	—	$	529,437

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Credit Default Swap Agreements**	$	—	$	677	$	—	$	677
Credit Index Swap Agreements**		—		3,132		—		3,132
Total Liabilities	$	—	$	3,809	$	—	$	3,809

** This derivative is reported as unrealized appreciation/depreciation at period end.

Energy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.5%
Oil & Gas - 65.0%
Exxon Mobil Corp.		16,719	$	1,924,691
Chevron Corp.		8,822		1,379,937
ConocoPhillips		8,567		979,893
EOG Resources, Inc.		5,814		731,808
Marathon Petroleum Corp.		3,748		650,203
Phillips 66		4,602		649,664
Valero Energy Corp.		3,859		604,937
Hess Corp.		3,751		553,348
Occidental Petroleum Corp.		8,567		539,978
Diamondback Energy, Inc.		2,563		513,087
Devon Energy Corp.		9,790		464,046
Shell plc ADR		5,993		432,575
BP plc ADR		11,735		423,634
Petroleo Brasileiro S.A. ADR		27,803		402,865
Coterra Energy, Inc. — Class A		13,676		364,739
Canadian Natural Resources Ltd.		10,108		359,845
Cenovus Energy, Inc.		17,755		349,063
Marathon Oil Corp.		11,906		341,345
Equities Corp.		8,673		320,728
Suncor Energy, Inc.		8,353		318,249
Ovintiv, Inc.		6,354		297,812
APA Corp.		9,611		282,948
Permian Resources Corp.		17,232		278,297
Chord Energy Corp.		1,611		270,132
Chesapeake Energy Corp.1		3,184		261,693
Equinor ASA ADR1		8,868		253,270
Antero Resources Corp.*		7,688		250,859
HF Sinclair Corp.		4,632		247,071
Range Resources Corp.		6,764		226,797
Civitas Resources, Inc.		3,276		226,044
Matador Resources Co.		3,786		225,646
Southwestern Energy Co.*		32,967		221,868
Murphy Oil Corp.		5,134		211,726
Weatherford International plc*		1,681		205,838
Magnolia Oil & Gas Corp. — Class A		7,499		190,025
Noble Corporation plc		4,174		186,369
PBF Energy, Inc. — Class A		3,973		182,837
SM Energy Co.		4,119		178,064
Valaris Ltd.*		2,357		175,597
Patterson-UTI Energy, Inc.		16,681		172,815
Transocean Ltd.*,1		30,605		163,737
California Resources Corp.		3,070		163,385
CNX Resources Corp.*		6,338		154,013
Helmerich & Payne, Inc.		4,247		153,487
Northern Oil and Gas, Inc.		4,125		153,326
Kosmos Energy Ltd.*		24,375		135,038
Delek US Holdings, Inc.		4,201		104,017
Comstock Resources, Inc.		7,423		77,051
Total Oil & Gas				17,954,397
Pipelines - 15.6%
Williams Companies, Inc.		14,227		604,648
ONEOK, Inc.		7,181		585,611
Cheniere Energy, Inc.		3,073		537,253
Kinder Morgan, Inc.		26,038		517,375
Targa Resources Corp.		3,566		459,229
Enbridge, Inc.		10,536		374,976
TC Energy Corp.		7,203		272,994
DT Midstream, Inc.		3,132		222,466
Golar LNG Ltd.		7,092		222,334
Pembina Pipeline Corp.		5,351		198,415
Equitrans Midstream Corp.		14,184		184,108
New Fortress Energy, Inc.1		5,389		118,450
Total Pipelines				4,297,859
Oil & Gas Services - 9.9%
Schlumberger N.V.		15,068		710,908
Baker Hughes Co.		14,864		522,767
Halliburton Co.		13,069		441,471
TechnipFMC plc		10,552		275,935
NOV, Inc.		12,489		237,416
ChampionX Corp.		6,560		217,858
Tidewater, Inc.*		1,817		172,996
Liberty Energy, Inc. — Class A		6,991		146,042
Total Oil & Gas Services				2,725,393
Energy-Alternate Sources - 3.9%
First Solar, Inc.*		1,570		353,972
Enphase Energy, Inc.*		2,674		266,625
SolarEdge Technologies, Inc.*		7,138		180,306
Sunrun, Inc.*		10,343		122,668
Green Plains, Inc.*		5,378		85,295
Plug Power, Inc.*,1		25,864		60,263
Total Energy-Alternate Sources				1,069,129
Mining - 1.6%
Cameco Corp.		6,143		302,236
Uranium Energy Corp.*		21,416		128,710
Total Mining				430,946
Transportation - 1.5%
Scorpio Tankers, Inc.		2,644		214,931
Frontline plc		7,279		187,507
Total Transportation				402,438
Coal - 0.7%
Peabody Energy Corp.		6,042		133,649
CONSOL Energy, Inc.*		754		76,931
Total Coal				210,580
Metal Fabricate & Hardware - 0.7%
Tenaris S.A. ADR		6,707		204,698
Retail - 0.6%
Murphy USA, Inc.		353		165,719
Total Common Stocks
(Cost $13,219,529)				27,461,159

	Shares
SECURITIES LENDING COLLATERAL†,2 - 1.9%
Money Market Fund***
First American Government Obligations Fund - Class X, 5.23%3		535,623		535,623
Total Securities Lending Collateral
(Cost $535,623)				535,623
Total Investments - 101.4%
(Cost $13,755,152)			$	27,996,782
Other Assets & Liabilities, net - (1.4)%				(394,832	)
Total Net Assets - 100.0%			$	27,601,950

Energy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

*	Non-income producing security.
***	A copy of each underlying unaffiliated fund's statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Securities lending collateral — See Note 5.
3	Rate indicated is the 7-day yield as of June 30, 2024.

ADR — American Depositary Receipt

plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	27,461,159	$	—	$	—	$	27,461,159
Securities Lending Collateral		535,623		—		—		535,623
Total Assets	$	27,996,782	$	—	$	—	$	27,996,782

Energy Services Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.5%
Oil & Gas Services - 67.0%
Schlumberger N.V.		26,817	$	1,265,226
Baker Hughes Co.		26,459		930,563
Halliburton Co.		23,261		785,757
NOV, Inc.		22,232		422,630
ChampionX Corp.		11,675		387,727
TechnipFMC plc		14,479		378,626
Tidewater, Inc.*		3,236		308,100
Archrock, Inc.		13,538		273,738
Liberty Energy, Inc. — Class A		12,446		259,997
Oceaneering International, Inc.*		10,268		242,941
Expro Group Holdings N.V.*		10,370		237,680
Helix Energy Solutions Group, Inc.*		17,376		207,469
Atlas Energy Solutions, Inc.		8,235		164,124
US Silica Holdings, Inc.*		10,258		158,486
Core Laboratories, Inc.		6,889		139,778
ProPetro Holding Corp.*		15,153		131,376
Kodiak Gas Services, Inc.		4,591		125,151
RPC, Inc.		18,252		114,075
ProFrac Holding Corp. — Class A*		6,699		49,640
Total Oil & Gas Services				6,583,084
Oil & Gas - 26.6%
Weatherford International plc*		3,235		396,126
Noble Corporation plc		7,430		331,749
Valaris Ltd.*		4,194		312,453
Patterson-UTI Energy, Inc.		29,692		307,609
Transocean Ltd.*		54,474		291,436
Helmerich & Payne, Inc.		7,561		273,255
Seadrill Ltd.*		4,873		250,959
Borr Drilling Ltd.*		33,502		216,088
Diamond Offshore Drilling, Inc.*		12,006		185,973
Nabors Industries Ltd.*		714		50,808
Total Oil & Gas				2,616,456
Machinery-Diversified - 3.1%
Cactus, Inc. — Class A		5,721		301,725
Metal Fabricate & Hardware - 2.8%
Tenaris S.A. ADR		9,196		280,662
Total Common Stocks
(Cost $4,449,117)				9,781,927

	Face Amount
REPURCHASE AGREEMENTS††,1 - 0.5%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	29,492		29,492
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		23,251		23,251
Total Repurchase Agreements
(Cost $52,743)				52,743
Total Investments - 100.0%
(Cost $4,501,860)			$	9,834,670
Other Assets & Liabilities, net - 0.0%				(4,092	)
Total Net Assets - 100.0%			$	9,830,578

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Repurchase Agreements — See Note 4.

ADR — American Depositary Receipt

plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	9,781,927	$	—	$	—	$	9,781,927
Repurchase Agreements		—		52,743		—		52,743
Total Assets	$	9,781,927	$	52,743	$	—	$	9,834,670

Europe 1.25x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 47.7%
Consumer, Non-cyclical - 18.1%
Novo Nordisk A/S ADR		6,302	$	899,547
Nestle S.A. ADR		5,156		528,232
AstraZeneca plc ADR		6,093		475,193
Novartis AG ADR		3,998		425,627
Roche Holding AG ADR		11,057		383,346
Unilever plc ADR		4,972		273,411
Sanofi S.A. ADR		4,509		218,777
L’Oreal S.A. ADR		2,381		209,123
RELX plc ADR		3,758		172,417
GSK plc ADR		4,247		163,510
Diageo plc ADR		1,092		137,679
EssilorLuxottica S.A. ADR		1,205		130,598
British American Tobacco plc ADR		3,897		120,534
Anheuser-Busch InBev S.A. ADR		1,890		109,904
Reckitt Benckiser Group plc ADR1		7,212		78,899
Total Consumer, Non-cyclical				4,326,797
Financial - 6.9%
HSBC Holdings plc ADR		7,342		319,377
Allianz SE ADR		7,711		213,749
UBS Group AG*		6,287		185,718
Zurich Insurance Group AG ADR1		2,876		153,492
Banco Santander S.A. ADR		31,369		145,238
BNP Paribas S.A. ADR		4,229		135,920
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen ADR		2,627		131,534
AXA S.A. ADR		3,777		123,961
UniCredit SpA ADR		6,636		123,828
ING Groep N.V. ADR		6,511		111,599
Total Financial				1,644,416
Industrial - 5.2%
Siemens AG ADR		2,964		276,393
Schneider Electric SE ADR		5,660		272,472
ABB Ltd. ADR		3,179		177,102
Safran S.A. ADR		2,984		158,898
Airbus SE ADR		4,624		158,326
Vinci S.A. ADR		4,660		122,698
Deutsche Post AG ADR1		1,884		76,547
Total Industrial				1,242,436
Technology - 5.1%
ASML Holding N.V. — Class G		786		803,866
SAP SE ADR		2,010		405,437
Total Technology				1,209,303
Energy - 4.1%
Shell plc ADR		6,253		451,341
TotalEnergies SE ADR		4,691		312,796
BP plc ADR		5,741		207,250
Total Energy				971,387
Consumer, Cyclical - 3.4%
LVMH Moet Hennessy Louis Vuitton SE ADR		2,526		387,362
Cie Financiere Richemont S.A. ADR		10,572		164,923
Hermes International SCA ADR		691		159,566
Mercedes-Benz Group AG ADR		6,331		109,210
Total Consumer, Cyclical				821,061
Basic Materials - 2.2%
Air Liquide S.A. ADR		5,681		196,780
Rio Tinto plc ADR		2,110		139,112
Glencore plc ADR*		9,879		112,028
BASF SE ADR1		7,054		85,212
Total Basic Materials				533,132
Utilities - 1.5%
Iberdrola S.A. ADR		2,886		150,995
National Grid plc ADR1		1,972		112,010
Enel SpA ADR		15,374		105,927
Total Utilities				368,932
Communications - 1.2%
Deutsche Telekom AG ADR		6,822		171,846
Prosus N.V. ADR		14,905		106,422
Total Communications				278,268
Total Common Stocks
(Cost $11,127,641)				11,395,732
MUTUAL FUNDS† - 0.6%
Guggenheim Ultra Short Duration Fund — Institutional Class2		7,027		69,849
Guggenheim Strategy Fund II2		2,760		68,045
Total Mutual Funds
(Cost $138,225)				137,894

	Face Amount
U.S. TREASURY BILLS†† - 0.8%
U.S. Treasury Bills
5.18% due 07/09/243,4	$	189,000	188,780
Total U.S. Treasury Bills
(Cost $188,779)			188,780
REPURCHASE AGREEMENTS††,5 - 5.5%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24		738,582	738,582
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		582,285	582,285
Total Repurchase Agreements
(Cost $1,320,867)			1,320,867

	Shares
SECURITIES LENDING COLLATERAL†,6 - 0.2%
Money Market Fund***
First American Government Obligations Fund - Class X, 5.23%7		47,163		47,163
Total Securities Lending Collateral
(Cost $47,163)				47,163
Total Investments - 54.8%
(Cost $12,822,675)			$	13,090,436
Other Assets & Liabilities, net - 45.2%				10,801,196
Total Net Assets - 100.0%			$	23,891,632

Europe 1.25x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Depreciation**
Equity Futures Contracts Purchased†
STOXX 50 Index Futures Contracts		384	Sep 2024	$	18,630,151	$	12,944
Currency Futures Contracts Purchased†
Euro FX Futures Contracts		138	Sep 2024		18,544,613		(615	)

*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
***	A copy of each underlying unaffiliated fund’s financial statements is available at the SEC’s website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Affiliated issuer.
3	All or a portion of this security is pledged as futures collateral at June 30, 2024.
4	Rate indicated is the effective yield at the time of purchase.
5	Repurchase Agreements — See Note 4.
6	Securities lending collateral — See Note 5.
7	Rate indicated is the 7-day yield as of June 30, 2024.

ADR — American Depositary Receipt

plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	11,395,732	$	—	$	—	$	11,395,732
Mutual Funds		137,894		—		—		137,894
U.S. Treasury Bills		—		188,780		—		188,780
Repurchase Agreements		—		1,320,867		—		1,320,867
Securities Lending Collateral		47,163		—		—		47,163
Equity Futures Contracts**		12,944		—		—		12,944
Total Assets	$	11,593,733	$	1,509,647	$	—	$	13,103,380

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Currency Futures Contracts**	$	615	$	—	$	—	$	615

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III (collectively, the “Guggenheim Strategy Funds”), each of which are open-end management investment companies managed by GI. The Guggenheim Strategy Funds, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Guggenheim Strategy Funds pay no investment management fees. The Guggenheim Strategy Funds’ annual report on Form N-CSR dated September 30, 2023 is available publicly or upon request. This information is available from the EDGAR database on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1601445/000182126823000217/gug86449-ncsr.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Transactions during the period ended June 30, 2024, in which the company is an affiliated issuer, were as follows:

Security Name	Value 03/31/24		Additions		Reductions		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 06/30/24		Shares 06/30/24		Investment Income		Capital Gain Distributions
Mutual Funds
Guggenheim Strategy Fund II	$	67,907	$	–	$	–	$	–	$	138	$	68,045		2,760	$	952	$	–
Guggenheim Ultra Short Duration Fund — Institutional Class		69,638		–		–		–		211		69,849		7,027		902		–
	$	137,545	$	–	$	–	$	–	$	349	$	137,894			$	1,854	$	–

Financial Services Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 98.9%
Banks - 24.4%
JPMorgan Chase & Co.		1,558	$	315,121
Bank of America Corp.		5,371		213,605
Wells Fargo & Co.		3,175		188,563
Goldman Sachs Group, Inc.		352		159,217
Citigroup, Inc.		2,268		143,927
Morgan Stanley		1,462		142,092
PNC Financial Services Group, Inc.		660		102,617
U.S. Bancorp		2,542		100,917
NU Holdings Limited/Cayman Islands — Class A*		7,670		98,866
Truist Financial Corp.		2,465		95,765
Bank of New York Mellon Corp.		1,461		87,499
ICICI Bank Ltd. ADR		2,944		84,817
HDFC Bank Ltd. ADR		1,270		81,699
Toronto-Dominion Bank		1,460		80,242
Royal Bank of Canada		684		72,764
Bank of Nova Scotia		1,570		71,780
M&T Bank Corp.		439		66,447
Fifth Third Bancorp		1,790		65,317
State Street Corp.		819		60,606
Huntington Bancshares, Inc.		4,407		58,084
Regions Financial Corp.		2,857		57,254
Northern Trust Corp.		634		53,243
Citizens Financial Group, Inc.		1,453		52,352
KeyCorp		3,401		48,328
East West Bancorp, Inc.		576		42,180
First Horizon Corp.		2,480		39,110
Comerica, Inc.		669		34,146
Western Alliance Bancorporation		536		33,672
Zions Bancorp North America		768		33,308
Old National Bancorp		1,826		31,389
Wintrust Financial Corp.		301		29,667
Bank OZK		705		28,905
Pinnacle Financial Partners, Inc.		345		27,614
Columbia Banking System, Inc.		1,375		27,349
First Citizens BancShares, Inc. — Class A		15		25,254
Valley National Bancorp		3,315		23,139
Total Banks				2,876,855
Diversified Financial Services - 21.4%
Visa, Inc. — Class A		1,116		292,916
Mastercard, Inc. — Class A		560		247,050
American Express Co.		628		145,413
BlackRock, Inc. — Class A		174		136,994
Charles Schwab Corp.		1,834		135,147
Intercontinental Exchange, Inc.		836		114,440
CME Group, Inc. — Class A		551		108,327
Capital One Financial Corp.		674		93,315
Interactive Brokers Group, Inc. — Class A		751		92,073
Coinbase Global, Inc. — Class A*		407		90,448
Apollo Global Management, Inc.		761		89,851
Ameriprise Financial, Inc.		197		84,156
XP, Inc. — Class A		4,784		84,151
Ares Management Corp. — Class A		629		83,833
Discover Financial Services		589		77,047
Nasdaq, Inc.		1,098		66,165
T. Rowe Price Group, Inc.		559		64,458
Raymond James Financial, Inc.		518		64,030
Tradeweb Markets, Inc. — Class A		594		62,964
Synchrony Financial		1,260		59,459
LPL Financial Holdings, Inc.		209		58,374
Cboe Global Markets, Inc.		322		54,759
Ally Financial, Inc.		1,080		42,844
Upstart Holdings, Inc.*		1,786		42,132
SEI Investments Co.		556		35,968
Franklin Resources, Inc.		1,555		34,754
Invesco Ltd.		2,233		33,406
SoFi Technologies, Inc.*		4,896		32,363
Total Diversified Financial Services				2,526,837
REITs - 20.4%
Prologis, Inc.		1,169		131,290
American Tower Corp. — Class A		624		121,293
Equinix, Inc.		142		107,437
Welltower, Inc.		978		101,957
Digital Realty Trust, Inc.		602		91,534
Simon Property Group, Inc.		584		88,651
Public Storage		304		87,446
Realty Income Corp.		1,638		86,519
Crown Castle, Inc.		845		82,557
Extra Space Storage, Inc.		466		72,421
AvalonBay Communities, Inc.		342		70,756
VICI Properties, Inc.		2,469		70,712
Iron Mountain, Inc.		742		66,498
Equity Residential		959		66,497
Ventas, Inc.		1,157		59,308
Invitation Homes, Inc.		1,652		59,290
SBA Communications Corp.		298		58,497
Weyerhaeuser Co.		2,044		58,029
Alexandria Real Estate Equities, Inc.		494		57,783
Essex Property Trust, Inc.		197		53,623
Mid-America Apartment Communities, Inc.		369		52,623
Sun Communities, Inc.		419		50,423
UDR, Inc.		1,159		47,693
Healthpeak Properties, Inc.		2,432		47,667
Kimco Realty Corp.		2,396		46,626
Lamar Advertising Co. — Class A		382		45,661
Host Hotels & Resorts, Inc.		2,529		45,471
American Homes 4 Rent — Class A		1,219		45,298
Gaming and Leisure Properties, Inc.		989		44,713
Regency Centers Corp.		710		44,162
Camden Property Trust		402		43,862
Equity LifeStyle Properties, Inc.		669		43,572
CubeSmart		909		41,060
Rexford Industrial Realty, Inc.		891		39,730
Annaly Capital Management, Inc.		2,030		38,692
Omega Healthcare Investors, Inc.		1,128		38,634
BXP, Inc.		620		38,167
AGNC Investment Corp.		3,465		33,056

Financial Services Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 98.9% (continued)
REITs - 20.4% (continued)
Sabra Health Care REIT, Inc.		1,624	$	25,010
Total REITs				2,404,218
Insurance - 18.5%
Berkshire Hathaway, Inc. — Class B*		937		381,172
Progressive Corp.		688		142,904
Marsh & McLennan Companies, Inc.		626		131,911
Arch Capital Group Ltd.*		1,094		110,374
Aon plc — Class A		343		100,698
Arthur J Gallagher & Co.		371		96,204
Chubb Ltd.		369		94,124
Willis Towers Watson plc		359		94,108
Aflac, Inc.		1,035		92,436
American International Group, Inc.		1,225		90,944
Travelers Companies, Inc.		429		87,233
Prudential Financial, Inc.		724		84,845
MetLife, Inc.		1,203		84,438
Allstate Corp.		521		83,183
Everest Group Ltd.		189		72,013
Hartford Financial Services Group, Inc.		705		70,881
Brown & Brown, Inc.		659		58,921
Cincinnati Financial Corp.		476		56,216
Principal Financial Group, Inc.		710		55,699
W R Berkley Corp.		643		50,527
Equitable Holdings, Inc.		1,158		47,316
Globe Life, Inc.		465		38,260
Corebridge Financial, Inc.1		1,199		34,915
Erie Indemnity Co. — Class A		52		18,845
Total Insurance				2,178,167
Commercial Services - 7.2%
S&P Global, Inc.		347		154,762
Moody’s Corp.		252		106,074
PayPal Holdings, Inc.*		1,683		97,664
Block, Inc. — Class A*		1,279		82,483
StoneCo Ltd. — Class A*		6,073		72,815
Global Payments, Inc.		675		65,273
Corpay, Inc.*		212		56,479
Toast, Inc. — Class A*		2,033		52,390
Affirm Holdings, Inc.*		1,131		34,168
MarketAxess Holdings, Inc.		162		32,486
Shift4 Payments, Inc. — Class A*		440		32,274
Morningstar, Inc.		84		24,851
Euronet Worldwide, Inc.*		234		24,219
Flywire Corp.*		1,116		18,291
Total Commercial Services				854,229
Private Equity - 3.2%
Blackstone, Inc. — Class A		1,279		158,340
KKR & Company, Inc. — Class A		1,009		106,187
Brookfield Corp.		1,769		73,484
Carlyle Group, Inc.		1,010		40,552
Total Private Equity				378,563
Software - 2.8%
Fiserv, Inc.*		811		120,871
Fidelity National Information Services, Inc.		1,107		83,424
MSCI, Inc. — Class A		163		78,525
Jack Henry & Associates, Inc.		278		46,154
Total Software				328,974
Internet - 0.5%
Robinhood Markets, Inc. — Class A*		2,366		53,732
Media - 0.4%
FactSet Research Systems, Inc.		126		51,442
Savings & Loans - 0.1%
New York Community Bancorp, Inc.		5,303		17,076
Total Common Stocks
(Cost $9,377,276)				11,670,093
PREFERRED STOCKS† - 0.6%
Financial - 0.6%
Itau Unibanco Holding S.A.
ADR		11,750		68,619
Total Preferred Stocks
(Cost $58,730)				68,619

	Face Amount
REPURCHASE AGREEMENTS††,2 - 0.3%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	19,269	19,269
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		15,192	15,192
Total Repurchase Agreements
(Cost $34,461)			34,461

	Shares
SECURITIES LENDING COLLATERAL†,3 - 0.2%
Money Market Fund**
First American Government Obligations Fund - Class X, 5.23%4		28,501		28,501
Total Securities Lending Collateral
(Cost $28,501)				28,501
Total Investments - 100.0%
(Cost $9,498,968)			$	11,801,674
Other Assets & Liabilities, net - 0.0%				3,537
Total Net Assets - 100.0%			$	11,805,211

*	Non-income producing security.
**	A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.

Financial Services Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

2	Repurchase Agreements — See Note 4.
3	Securities lending collateral — See Note 5.
4	Rate indicated is the 7-day yield as of June 30, 2024.

ADR — American Depositary Receipt

plc — Public Limited Company

REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	11,670,093	$	—	$	—	$	11,670,093
Preferred Stocks		68,619		—		—		68,619
Repurchase Agreements		—		34,461		—		34,461
Securities Lending Collateral		28,501		—		—		28,501
Total Assets	$	11,767,213	$	34,461	$	—	$	11,801,674

Government Long Bond 1.2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
MUTUAL FUNDS† - 8.3%
Guggenheim Ultra Short Duration Fund — Institutional Class1		81,225	$	807,372
Guggenheim Strategy Fund II1		32,350		797,432
Total Mutual Funds
(Cost $1,607,879)				1,604,804

	Face Amount
U.S. GOVERNMENT SECURITIES†† - 86.7%
U.S. Treasury Bonds
4.63% due 05/15/54	$	16,600,000		16,833,438
Total U.S. Government Securities
(Cost $16,801,434)				16,833,438
U.S. TREASURY BILLS†† - 1.8%
U.S. Treasury Bills
5.18% due 07/09/242,3		359,000		358,583
Total U.S. Treasury Bills
(Cost $358,580)				358,583
REPURCHASE AGREEMENTS††,4 - 9.5%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24		1,032,393		1,032,393
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		813,920		813,920
Total Repurchase Agreements
(Cost $1,846,313)				1,846,313
Total Investments - 106.3%
(Cost $20,614,206)			$	20,643,138
Other Assets & Liabilities, net - (6.3)%				(1,216,598	)
Total Net Assets - 100.0%			$	19,426,540

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Appreciation**
Interest Rate Futures Contracts Purchased†
U.S. Treasury Ultra Long Bond Futures Contracts		52	Sep 2024	$	6,477,250	$	7,974

**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Affiliated issuer.
2	All or a portion of this security is pledged as futures collateral at June 30, 2024.
3	Rate indicated is the effective yield at the time of purchase.
4	Repurchase Agreements — See Note 4.

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Mutual Funds	$	1,604,804	$	—	$	—	$	1,604,804
U.S. Government Securities		—		16,833,438		—		16,833,438
U.S. Treasury Bills		—		358,583		—		358,583
Repurchase Agreements		—		1,846,313		—		1,846,313
Interest Rate Futures Contracts**		7,974		—		—		7,974
Total Assets	$	1,612,778	$	19,038,334	$	—	$	20,651,112

** This derivative is reported as unrealized appreciation/depreciation at period end.

Government Long Bond 1.2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III (collectively, the “Guggenheim Strategy Funds”), each of which are open-end management investment companies managed by GI. The Guggenheim Strategy Funds, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Guggenheim Strategy Funds pay no investment management fees. The Guggenheim Strategy Funds’ annual report on Form N-CSR dated September 30, 2023 is available publicly or upon request. This information is available from the EDGAR database on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1601445/000182126823000217/gug86449-ncsr.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Transactions during the period ended June 30, 2024, in which the company is an affiliated issuer, were as follows:

Security Name	Value 03/31/24		Additions		Reductions			Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)		Value 06/30/24		Shares 06/30/24		Investment Income
Mutual Funds
Guggenheim Strategy Fund II	$	1,597,404	$	–	$	(800,000	)	$	(6,340	)	$	6,368	$	797,432		32,350	$	13,046
Guggenheim Ultra Short Duration Fund — Institutional Class		1,806,249		–		(1,000,000	)		(6,366	)		7,489		807,372		81,225		12,498
	$	3,403,653	$	–	$	(1,800,000	)	$	(12,706	)	$	13,857	$	1,604,804			$	25,544

Health Care Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.5%
Pharmaceuticals - 33.9%
Eli Lilly & Co.		1,070	$	968,757
Johnson & Johnson		4,437		648,512
AbbVie, Inc.		3,542		607,524
Merck & Company, Inc.		4,835		598,573
Pfizer, Inc.		15,648		437,831
Cigna Group		1,010		333,876
Bristol-Myers Squibb Co.		7,726		320,861
Zoetis, Inc.		1,721		298,353
AstraZeneca plc ADR		3,793		295,816
McKesson Corp.		506		295,524
CVS Health Corp.		4,988		294,591
Becton Dickinson & Co.		1,226		286,528
Dexcom, Inc.*		2,045		231,862
Novo Nordisk A/S ADR		1,615		230,525
Cencora, Inc. — Class A		942		212,233
Novartis AG ADR		1,708		181,834
Alkermes plc*		7,502		180,798
GSK plc ADR		4,377		168,514
Cardinal Health, Inc.		1,708		167,930
Teva Pharmaceutical Industries Ltd. ADR*		10,151		164,954
Neurocrine Biosciences, Inc.*		917		126,243
Viatris, Inc.		11,626		123,584
Henry Schein, Inc.*		1,515		97,111
Vaxcyte, Inc.*		1,221		92,198
Jazz Pharmaceuticals plc*		793		84,637
Option Care Health, Inc.*		2,738		75,843
Madrigal Pharmaceuticals, Inc.*		173		48,468
Total Pharmaceuticals				7,573,480
Healthcare-Products - 27.8%
Thermo Fisher Scientific, Inc.		893		493,829
Abbott Laboratories		4,457		463,127
Danaher Corp.		1,803		450,479
Intuitive Surgical, Inc.*		995		442,626
Stryker Corp.		1,095		372,574
Boston Scientific Corp.*		4,779		368,031
Edwards Lifesciences Corp.*		2,856		263,809
Medtronic plc		3,329		262,026
IDEXX Laboratories, Inc.*		446		217,291
Agilent Technologies, Inc.		1,635		211,945
GE HealthCare Technologies, Inc.		2,572		200,410
ResMed, Inc.		902		172,661
West Pharmaceutical Services, Inc.		504		166,012
Zimmer Biomet Holdings, Inc.		1,519		164,857
Hologic, Inc.*		1,957		145,307
Baxter International, Inc.		4,286		143,367
Waters Corp.*		493		143,029
Cooper Companies, Inc.*		1,581		138,021
Align Technology, Inc.*		557		134,476
Insulet Corp.*		642		129,556
Avantor, Inc.*		6,065		128,578
Natera, Inc.*		1,110		120,202
Bio-Techne Corp.		1,566		112,204
Exact Sciences Corp.*		2,283		96,457
Repligen Corp.*		733		92,402
Bruker Corp.		1,386		88,441
Penumbra, Inc.*		491		88,365
Masimo Corp.*		662		83,372
Lantheus Holdings, Inc.*		1,006		80,772
Dentsply Sirona, Inc.		3,054		76,075
Azenta, Inc.*		1,086		57,145
Inari Medical, Inc.*		1,164		56,047
Inspire Medical Systems, Inc.*		340		45,502
Total Healthcare-Products				6,208,995
Biotechnology - 20.5%
Amgen, Inc.		1,468		458,677
Vertex Pharmaceuticals, Inc.*		793		371,695
Regeneron Pharmaceuticals, Inc.*		351		368,912
Gilead Sciences, Inc.		4,826		331,112
Alnylam Pharmaceuticals, Inc.*		962		233,766
Argenx SE ADR*		464		199,539
Biogen, Inc.*		853		197,742
Moderna, Inc.*		1,659		197,006
CRISPR Therapeutics AG*		2,747		148,365
Sarepta Therapeutics, Inc.*		911		143,938
Illumina, Inc.*		1,306		136,320
United Therapeutics Corp.*		422		134,428
BioMarin Pharmaceutical, Inc.*		1,632		134,363
Royalty Pharma plc — Class A		4,726		124,625
Incyte Corp.*		1,897		114,996
Ionis Pharmaceuticals, Inc.*		1,930		91,984
Halozyme Therapeutics, Inc.*		1,748		91,525
Intra-Cellular Therapies, Inc.*		1,310		89,722
Exelixis, Inc.*		3,915		87,970
Cytokinetics, Inc.*		1,581		85,659
REVOLUTION Medicines, Inc.*		2,148		83,364
Viking Therapeutics, Inc.*		1,528		80,999
Roivant Sciences Ltd.*		7,289		77,045
Blueprint Medicines Corp.*		695		74,907
Apellis Pharmaceuticals, Inc.*		1,706		65,442
Axsome Therapeutics, Inc.*		808		65,044
Guardant Health, Inc.*		2,123		61,312
Arrowhead Pharmaceuticals, Inc.*		2,347		60,999
Bridgebio Pharma, Inc.*		2,374		60,133
Ultragenyx Pharmaceutical, Inc.*		1,461		60,047
TG Therapeutics, Inc.*		3,138		55,825
ACADIA Pharmaceuticals, Inc.*		3,085		50,131
Iovance Biotherapeutics, Inc.*		6,083		48,786
GRAIL, Inc.*,1		219		3,363
Total Biotechnology				4,589,741
Healthcare-Services - 15.5%
UnitedHealth Group, Inc.		1,499		763,381
Elevance Health, Inc.		724		392,307
HCA Healthcare, Inc.		817		262,486
Humana, Inc.		631		235,773
ICON plc*		686		215,040
IQVIA Holdings, Inc.*		997		210,806
Centene Corp.*		3,060		202,878
Labcorp Holdings, Inc.		720		146,527
Molina Healthcare, Inc.*		477		141,812
Quest Diagnostics, Inc.		977		133,732
Tenet Healthcare Corp.*		902		119,993
Universal Health Services, Inc. — Class B		637		117,800
Catalent, Inc.*		1,932		108,636
Medpace Holdings, Inc.*		251		103,374

Health Care Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.5% (continued)
Healthcare-Services - 15.5% (continued)
HealthEquity, Inc.*		1,124	$	96,889
DaVita, Inc.*		637		88,269
Acadia Healthcare Company, Inc.*		1,275		86,114
Teladoc Health, Inc.*		4,510		44,108
Total Healthcare-Services				3,469,925
Electronics - 0.8%
Mettler-Toledo International, Inc.*		131		183,084
Software - 0.8%
Veeva Systems, Inc. — Class A*		962		176,056
Commercial Services - 0.2%
R1 RCM, Inc.*		3,931		49,373
Total Common Stocks
(Cost $13,778,871)				22,250,654
RIGHTS††† - 0.0%
Pharmaceuticals - 0.0%
Johnson & Johnson
Expires 12/31/29		752		–
Total Rights
(Cost $–)				–

	Face Amount		Value
REPURCHASE AGREEMENTS††,2 - 0.6%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	79,630		79,630
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		62,778		62,778
Total Repurchase Agreements
(Cost $142,408)				142,408

	Shares
SECURITIES LENDING COLLATERAL†,3 - 0.0%
Money Market Fund**
First American Government Obligations Fund - Class X, 5.23%4		2,837		2,837
Total Securities Lending Collateral
(Cost $2,837)				2,837
Total Investments - 100.1%
(Cost $13,924,116)			$	22,395,899
Other Assets & Liabilities, net - (0.1)%				(23,249	)
Total Net Assets - 100.0%			$	22,372,650

*	Non-income producing security.
**	A copy of each underlying unaffiliated fund’s financial statements is available at the SEC’s website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Repurchase Agreements — See Note 4.
3	Securities lending collateral — See Note 5.
4	Rate indicated is the 7-day yield as of June 30, 2024.

ADR — American Depositary Receipt

plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs			Total
Common Stocks	$	22,250,654	$	—	$	—		$	22,250,654
Rights		—		—		—	*		—
Repurchase Agreements		—		142,408		—			142,408
Securities Lending Collateral		2,837		—		—			2,837
Total Assets	$	22,253,491	$	142,408	$	—		$	22,395,899

^* Security has a market value of $0.

High Yield Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
MUTUAL FUNDS† - 15.0%
Guggenheim Strategy Fund III1		79,841	$	1,974,470
Guggenheim Ultra Short Duration Fund — Institutional Class1		133,249		1,324,495
Guggenheim Strategy Fund II1		53,173		1,310,708
Total Mutual Funds
(Cost $4,578,426)				4,609,673

	Face Amount
FEDERAL AGENCY NOTES†† - 24.3%
Federal Home Loan Bank
5.34% (SOFR – 0.00%, Rate Floor: 0.00%) due 08/22/24◊	$	3,000,000		2,999,823
5.35% (SOFR + 0.01%, Rate Floor: 0.00%) due 07/15/24◊		1,500,000		1,499,960
5.34% (SOFR – 0.00%, Rate Floor: 0.00%) due 07/30/24◊		1,000,000		999,949
Federal Farm Credit Bank
5.50% due 11/25/24		2,000,000		2,000,914
Total Federal Agency Notes
(Cost $7,500,951)				7,500,646
U.S. GOVERNMENT SECURITIES†† - 13.0%
United States Treasury Floating Rate Note
5.45% (3 Month U.S. Treasury Bill Rate + 0.14%, Rate Floor: 0.00%) due 10/31/24◊		4,000,000		4,001,408
Total U.S. Government Securities
(Cost $3,999,532)				4,001,408
U.S. TREASURY BILLS†† - 10.9%
U.S. Treasury Bills
5.28% due 07/02/242		2,400,000		2,399,649
5.18% due 07/09/242,3		970,000		968,874
Total U.S. Treasury Bills
(Cost $3,368,512)				3,368,523
FEDERAL AGENCY DISCOUNT NOTES†† - 5.2%
Federal Home Loan Bank
5.26% due 07/31/242		1,600,000		1,592,936
Total Federal Agency Discount Notes
(Cost $1,592,987)				1,592,936
REPURCHASE AGREEMENTS††,4 - 26.0%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/245		4,466,584		4,466,584
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/245		3,521,377		3,521,377
Total Repurchase Agreements
(Cost $7,987,961)				7,987,961
Total Investments - 94.4%
(Cost $29,028,369)			$	29,061,147
Other Assets & Liabilities, net - 5.6%				1,716,426
Total Net Assets - 100.0%			$	30,777,573

Futures Contracts

Description	Number of Contracts	Expiration Date	Notional Amount		Value and Unrealized Appreciation**
Interest Rate Futures Contracts Purchased†
U.S. Treasury 5 Year Note Futures Contracts	278	Sep 2024	$	29,613,516	$	188,483

Centrally Cleared Credit Default Swap Agreements Protection Sold^††

Counterparty	Exchange	Index	Protection Premium Rate			Payment Frequency	Maturity Date	Notional Amount		Value		Upfront Premiums Paid		Unrealized Depreciation**
Barclays Bank plc	ICE	CDX.NA.HY.42.V1		5.00	%	Quarterly	06/20/29	$	21,150,000	$	1,321,346	$	1,387,443	$	(66,097	)
Goldman Sachs International	ICE	CDX.NA.HY.42.V1		5.00	%	Quarterly	06/20/29		6,700,000		418,583		446,443		(27,860	)
										$	1,739,929	$	1,833,886	$	(93,957	)

Total Return Swap Agreements

Counterparty	Reference Obligation	Type	Financing Rate	Payment Frequency	Maturity Date	Units		Notional Amount		Value and Unrealized Depreciation
OTC Credit Index Swap Agreements††
BNP Paribas	iShares iBoxx $ High Yield Corporate Bond ETF	Pay	5.73% (Federal Funds Rate + 0.40%)	At Maturity	09/26/24		1,222	$	94,280	$	(330	)
BNP Paribas	SPDR Bloomberg High Yield Bond ETF	Pay	5.78% (Federal Funds Rate + 0.45%)	At Maturity	09/26/24		1,788		168,564		(644	)
Goldman Sachs International	iShares iBoxx $ High Yield Corporate Bond ETF	Pay	5.58% (Federal Funds Rate + 0.25%)	At Maturity	07/25/24		16,337		1,260,236		(4,411	)
								$	1,523,080	$	(5,385	)

High Yield Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
◊	Variable rate security. Rate indicated is the rate effective at June 30, 2024. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
1	Affiliated issuer.
2	Rate indicated is the effective yield at the time of purchase.
3	All or a portion of this security is pledged as futures and credit default swap collateral at June 30, 2024.
4	Repurchase Agreements — See Note 4.
5	All or a portion of this security is pledged as equity index swap collateral at June 30, 2024.

CDX.NA.HY.42.V1 — Credit Default Swap North American High Yield Series 42 Index Version 1

ICE — Intercontinental Exchange

plc — Public Limited Company

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Mutual Funds	$	4,609,673	$	—	$	—	$	4,609,673
Federal Agency Notes		—		7,500,646		—		7,500,646
U.S. Government Securities		—		4,001,408		—		4,001,408
U.S. Treasury Bills		—		3,368,523		—		3,368,523
Federal Agency Discount Notes		—		1,592,936		—		1,592,936
Repurchase Agreements		—		7,987,961		—		7,987,961
Interest Rate Futures Contracts**		188,483		—		—		188,483
Total Assets	$	4,798,156	$	24,451,474	$	—	$	29,249,630

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Credit Default Swap Agreements**	$	—	$	93,957	$	—	$	93,957
Credit Index Swap Agreements**		—		5,385		—		5,385
Total Liabilities	$	—	$	99,342	$	—	$	99,342

** This derivative is reported as unrealized appreciation/depreciation at period end.

High Yield Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III (collectively, the “Guggenheim Strategy Funds”), each of which are open-end management investment companies managed by GI. The Guggenheim Strategy Funds, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Guggenheim Strategy Funds pay no investment management fees. The Guggenheim Strategy Funds’ annual report on Form N-CSR dated September 30, 2023 is available publicly or upon request. This information is available from the EDGAR database on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1601445/000182126823000217/gug86449-ncsr.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Transactions during the period ended June 30, 2024, in which the company is an affiliated issuer, were as follows:

Security Name	Value 03/31/24		Additions		Reductions		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 06/30/24		Shares 06/30/24		Investment Income
Mutual Funds
Guggenheim Strategy Fund II	$	1,308,049	$	–	$	–	$	–	$	2,659	$	1,310,708		53,173	$	18,335
Guggenheim Strategy Fund III		1,969,680		–		–		–		4,790		1,974,470		79,841		26,270
Guggenheim Ultra Short Duration Fund — Institutional Class		1,320,497		–		–		–		3,998		1,324,495		133,249		17,154
	$	4,598,226	$	–	$	–	$	–	$	11,447	$	4,609,673			$	61,759

Internet Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.5%
Internet - 56.6%
Alphabet, Inc. — Class A		4,827	$	879,238
Amazon.com, Inc.*		4,073		787,107
Meta Platforms, Inc. — Class A		1,289		649,940
Netflix, Inc.*		662		446,771
Uber Technologies, Inc.*		4,459		324,080
Airbnb, Inc. — Class A*		1,645		249,431
Booking Holdings, Inc.		60		237,690
DoorDash, Inc. — Class A*		1,447		157,405
Alibaba Group Holding Ltd. ADR		2,022		145,584
Pinterest, Inc. — Class A*		3,250		143,228
Shopify, Inc. — Class A*		2,146		141,743
eBay, Inc.		2,504		134,515
Spotify Technology S.A.*		395		123,947
Snap, Inc. — Class A*		7,323		121,635
GoDaddy, Inc. — Class A*		827		115,540
MercadoLibre, Inc.*		66		108,464
Expedia Group, Inc.*		854		107,596
JD.com, Inc. ADR		4,151		107,262
Okta, Inc.*		1,135		106,247
Baidu, Inc. ADR*		1,190		102,911
Sea Ltd. ADR*		1,417		101,202
VeriSign, Inc.*		568		100,990
Trip.com Group Ltd. ADR*		2,053		96,491
Wix.com Ltd.*		570		90,670
Bilibili, Inc. ADR*		5,852		90,355
Chewy, Inc. — Class A*		3,184		86,732
F5, Inc.*		487		83,876
Roku, Inc.*		1,372		82,224
Zillow Group, Inc. — Class C*		1,686		78,214
Match Group, Inc.*		2,338		71,028
Etsy, Inc.*		1,147		67,650
Wayfair, Inc. — Class A*		1,213		63,962
Lyft, Inc. — Class A*		4,029		56,809
IAC, Inc.*		1,027		48,115
Cargurus, Inc.*		1,622		42,496
TripAdvisor, Inc.*		2,044		36,404
Ziff Davis, Inc.*		588		32,369
Bumble, Inc. — Class A*		2,957		31,078
Trump Media & Technology Group Corp.*,1		885		28,984
Total Internet				6,479,983
Software - 27.1%
Adobe, Inc.*		810		449,988
Salesforce, Inc.		1,671		429,614
Workday, Inc. — Class A*		921		205,899
Snowflake, Inc. — Class A*		1,257		169,808
Datadog, Inc. — Class A*		1,309		169,764
Electronic Arts, Inc.		1,140		158,836
Cloudflare, Inc. — Class A*		1,702		140,977
Veeva Systems, Inc. — Class A*		723		132,316
Take-Two Interactive Software, Inc.*		835		129,834
ROBLOX Corp. — Class A*		3,184		118,477
MongoDB, Inc.*		469		117,231
Zoom Video Communications, Inc. — Class A*		1,814		107,371
NetEase, Inc. ADR		1,106		105,712
Nutanix, Inc. — Class A*		1,767		100,454
Akamai Technologies, Inc.*		1,072		96,566
DocuSign, Inc.*		1,628		87,098
Twilio, Inc. — Class A*		1,377		78,227
Dropbox, Inc. — Class A*		3,220		72,353
Smartsheet, Inc. — Class A*		1,476		65,062
ZoomInfo Technologies, Inc. — Class A*		4,226		53,966
Box, Inc. — Class A*		1,919		50,738
DigitalOcean Holdings, Inc.*		1,032		35,862
Fastly, Inc. — Class A*		3,470		25,574
Total Software				3,101,727
Telecommunications - 10.7%
Cisco Systems, Inc.		7,412		352,144
Arista Networks, Inc.*		694		243,233
Motorola Solutions, Inc.		549		211,941
Telefonaktiebolaget LM Ericsson ADR		14,860		91,686
Juniper Networks, Inc.		2,460		89,692
Ciena Corp.*		1,418		68,319
Nokia Oyj ADR		17,261		65,247
Extreme Networks, Inc.*		2,700		36,315
Viavi Solutions, Inc.*		4,572		31,410
Viasat, Inc.*		2,320		29,464
Total Telecommunications				1,219,451
Commercial Services - 2.2%
PayPal Holdings, Inc.*		3,390		196,722
Paylocity Holding Corp.*		431		56,827
Total Commercial Services				253,549
Real Estate - 1.2%
CoStar Group, Inc.*		1,914		141,904
Entertainment - 0.9%
DraftKings, Inc. — Class A*		2,739		104,547
Computers - 0.5%
Lumentum Holdings, Inc.*		988		50,309
Healthcare-Services - 0.3%
Teladoc Health, Inc.*		3,396		33,213
Total Common Stocks
(Cost $5,856,725)				11,384,683

	Face Amount
REPURCHASE AGREEMENTS††,2 - 0.4%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	24,512	24,512
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		19,324	19,324
Total Repurchase Agreements
(Cost $43,836)			43,836

Internet Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
SECURITIES LENDING COLLATERAL†,3 - 0.3%
Money Market Fund***
First American Government Obligations Fund - Class X, 5.23%4		31,050	$	31,050
Total Securities Lending Collateral
(Cost $31,050)				31,050
Total Investments - 100.2%
(Cost $5,931,611)			$	11,459,569
Other Assets & Liabilities, net - (0.2)%				(22,747	)
Total Net Assets - 100.0%			$	11,436,822

*	Non-income producing security.
***	A copy of each underlying unaffiliated fund's statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Repurchase Agreements — See Note 4.
3	Securities lending collateral — See Note 5.
4	Rate indicated is the 7-day yield as of June 30, 2024.

ADR — American Depositary Receipt

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	11,384,683	$	—	$	—	$	11,384,683
Repurchase Agreements		—		43,836		—		43,836
Securities Lending Collateral		31,050		—		—		31,050
Total Assets	$	11,415,733	$	43,836	$	—	$	11,459,569

Inverse Emerging Markets 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Face Amount		Value
REPURCHASE AGREEMENTS††,1 - 155.7%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/242	$	217,034	$	217,034
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/242		171,106		171,106
Total Repurchase Agreements
(Cost $388,140)				388,140
Total Investments - 155.7%
(Cost $388,140)			$	388,140
Other Assets & Liabilities, net - (55.7)%				(138,918	)
Total Net Assets - 100.0%			$	249,222

Total Return Swap Agreements

Counterparty	Index	Type	Financing Rate	Payment Frequency	Maturity Date	Units		Notional Amount		Value and Unrealized Appreciation
OTC Equity Index Swap Agreements Sold Short††
BNP Paribas	S&P Emerging 50 ADR Index	Receive	5.13% (Federal Funds Rate - 0.20%)	At Maturity	09/26/24		121	$	350,242	$	2,658
Goldman Sachs International	S&P Emerging 50 ADR Index	Receive	4.58% (Federal Funds Rate - 0.75%)	At Maturity	09/26/24		51		147,811		681
								$	498,053	$	3,339

††	Value determined based on Level 2 inputs — See Note 3.
1	Repurchase Agreements — See Note 4.
2	All or a portion of this security is pledged as equity index swap collateral at June 30, 2024. ADR – American Depository Receipt

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Repurchase Agreements	$	—	$	388,140	$	—	$	388,140
Equity Index Swap Agreements**		—		3,339		—		3,339
Total Assets	$	—	$	391,479	$	—	$	391,479

** This derivative is reported as unrealized appreciation/depreciation at period end.

Inverse Government Long Bond Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
MUTUAL FUNDS† - 32.2%
Guggenheim Strategy Fund II1		137,556	$	3,390,748
Guggenheim Ultra Short Duration Fund — Institutional Class1		326,794		3,248,335
Total Mutual Funds
(Cost $6,642,019)				6,639,083

	Face Amount
U.S. TREASURY BILLS†† - 0.9%
U.S. Treasury Bills
5.18% due 07/09/242,3	$	191,000		190,778
Total U.S. Treasury Bills
(Cost $190,776)				190,778
REPURCHASE AGREEMENTS††,4 - 110.5%
Individual Repurchase Agreements Barclays Capital, Inc. issued 06/28/24 at 5.00% due 07/01/24 (secured by a U.S. Treasury Bond, at a rate of 5.00% and maturing 05/15/54 as collateral, with a value of $7,266,710) to be repurchased at $7,125,468		7,122,500		7,122,500
Mizuho Securities USA LLC issued 06/28/24 at 5.05% due 07/01/24 (secured by a U.S. Treasury Bond, at a rate of 5.05% and maturing 05/15/54 as collateral, with a value of $5,709,688) to be repurchased at $5,598,732		5,596,377		5,596,377
Joint Repurchase Agreements
J.P Morgan Securities LLC
issued 06/28/24 at 5.32% due 07/01/24		5,631,001		5,631,001
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		4,439,382		4,439,382
Total Repurchase Agreements
(Cost $22,789,260)				22,789,260
Total Investments - 143.6%
(Cost $29,622,055)			$	29,619,121
U.S. Government Securities Sold Short†† - (78.7)%
U.S. Treasury Bonds
4.63% due 05/15/54		16,000,000		(16,225,000	)
Total Securities Sold Short - (78.7)%
(Proceeds $16,216,136)			$	(16,225,000	)
Other Assets & Liabilities, net - 35.1%				7,238,132
Total Net Assets - 100.0%			$	20,632,253

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Depreciation**
Interest Rate Futures Contracts Sold Short†
U.S. Treasury Ultra Long Bond Futures Contracts		36	Sep 2024	$	4,484,250	$	(14,270	)

Inverse Government Long Bond Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Affiliated issuer.
2	All or a portion of this security is pledged as futures collateral at June 30, 2024.
3	Rate indicated is the effective yield at the time of purchase.
4	Repurchase Agreements — See Note 4.

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Mutual Funds	$	6,639,083	$	—	$	—	$	6,639,083
U.S. Treasury Bills		—		190,778		—		190,778
Repurchase Agreements		—		22,789,260		—		22,789,260
Total Assets	$	6,639,083	$	22,980,038	$	—	$	29,619,121

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
U.S. Government Securities Sold Short	$	—	$	16,225,000	$	—	$	16,225,000
Interest Rate Futures Contracts**		14,270		—		—		14,270
Total Liabilities	$	14,270	$	16,225,000	$	—	$	16,239,270

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III (collectively, the “Guggenheim Strategy Funds”), each of which are open-end management investment companies managed by GI. The Guggenheim Strategy Funds, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Guggenheim Strategy Funds pay no investment management fees. The Guggenheim Strategy Funds’ annual report on Form N-CSR dated September 30, 2023 is available publicly or upon request. This information is available from the EDGAR database on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1601445/000182126823000217/gug86449-ncsr.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Transactions during the period ended June 30, 2024, in which the company is an affiliated issuer, were as follows:

Security Name	Value 03/31/24		Additions		Reductions			Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)		Value 06/30/24		Shares 06/30/24		Investment Income
Mutual Funds
Guggenheim Strategy Fund II	$	5,180,462	$	–	$	(1,800,000	)	$	(19,647	)	$	29,933	$	3,390,748		137,556	$	69,777
Guggenheim Ultra Short Duration Fund — Institutional Class		4,734,506		–		(1,500,000	)		(3,171	)		17,000		3,248,335		326,794		59,563
	$	9,914,968	$	–	$	(3,300,000	)	$	(22,818	)	$	46,933	$	6,639,083			$	129,340

Inverse High Yield Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
MUTUAL FUNDS† - 12.3%
Guggenheim Strategy Fund II1		29,310	$	722,480
Guggenheim Ultra Short Duration Fund — Institutional Class1		37,683		374,570
Total Mutual Funds
(Cost $1,096,686)				1,097,050

	Face Amount
U.S. TREASURY BILLS†† - 1.0%
U.S. Treasury Bills
5.18% due 07/09/242,3	$	87,000		86,899
Total U.S. Treasury Bills
(Cost $86,898)				86,899
REPURCHASE AGREEMENTS††,4 - 81.4%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24		4,060,922		4,060,922
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		3,201,559		3,201,559
Total Repurchase Agreements
(Cost $7,262,481)				7,262,481
Total Investments - 94.7%
(Cost $8,446,065)			$	8,446,430
Other Assets & Liabilities, net - 5.3%				476,683
Total Net Assets - 100.0%			$	8,923,113

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Depreciation**
Interest Rate Futures Contracts Sold Short†
U.S. Treasury 5 Year Note Futures Contracts		83	Sep 2024	$	8,841,445	$	(29,148	)

Centrally Cleared Credit Default Swap Agreements Protection Purchased^††

Counterparty	Exchange	Index	Protection Premium Rate			Payment Frequency	Maturity Date	Notional Amount		Value			Upfront Premiums Received			Unrealized Appreciation**
Barclays Bank plc	ICE	CDX.NA.HY.42.V1		5.00	%	Quarterly	06/20/29	$	8,350,000	$	(521,666	)	$	(542,635	)	$	20,969

**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Affiliated issuer.
2	All or a portion of this security is pledged as futures collateral at June 30, 2024.
3	Rate indicated is the effective yield at the time of purchase.
4	Repurchase Agreements — See Note 4.

CDX.NA.HY.42.V1 — Credit Default Swap North American High Yield Series 42 Index Version 1

ICE — Intercontinental Exchange

plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Mutual Funds	$	1,097,050	$	—	$	—	$	1,097,050
U.S. Treasury Bills		—		86,899		—		86,899
Repurchase Agreements		—		7,262,481		—		7,262,481
Credit Default Swap Agreements**		—		20,969		—		20,969
Total Assets	$	1,097,050	$	7,370,349	$	—	$	8,467,399

Inverse High Yield Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Interest Rate Futures Contracts**	$	29,148	$	—	$	—	$	29,148

** This derivative is reported as unrealized appreciation/depreciation at period end.

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III (collectively, the “Guggenheim Strategy Funds”), each of which are open-end management investment companies managed by GI. The Guggenheim Strategy Funds, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Guggenheim Strategy Funds pay no investment management fees. The Guggenheim Strategy Funds’ annual report on Form N-CSR dated September 30, 2023 is available publicly or upon request. This information is available from the EDGAR database on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1601445/000182126823000217/gug86449-ncsr.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Transactions during the period ended June 30, 2024, in which the company is an affiliated issuer, were as follows:

Security Name	Value 03/31/24		Additions		Reductions		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 06/30/24		Shares 06/30/24		Investment Income
Mutual Funds
Guggenheim Strategy Fund II	$	721,015	$	–	$	–	$	–	$	1,465	$	722,480		29,310	$	10,107
Guggenheim Ultra Short Duration Fund — Institutional Class		373,439		–		–		–		1,131		374,570		37,683		4,851
	$	1,094,454	$	–	$	–	$	–	$	2,596	$	1,097,050			$	14,958

Inverse Mid-Cap Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
MUTUAL FUNDS† - 17.3%
Guggenheim Strategy Fund II1		2,020	$	49,793
Guggenheim Ultra Short Duration Fund — Institutional Class1		4,630		46,023
Total Mutual Funds
(Cost $95,671)				95,816
		Face Amount
U.S. TREASURY BILLS†† - 4.5%
U.S. Treasury Bills
5.23% due 09/12/242,3	$	25,000		24,734
Total U.S. Treasury Bills
(Cost $24,735)				24,734
REPURCHASE AGREEMENTS††,4 - 74.7%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/242		230,591		230,591
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/242		181,794		181,794
Total Repurchase Agreements
(Cost $412,385)				412,385
Total Investments - 96.5%
(Cost $532,791)			$	532,935
Other Assets & Liabilities, net - 3.5%				19,463
Total Net Assets - 100.0%			$	552,398

Total Return Swap Agreements

Counterparty

Index

Type

Financing Rate

Payment Frequency

Maturity Date

Units

Notional Amount

Value and Unrealized Appreciation (Depreciation)

OTC Equity Index Swap Agreements Sold Short††

Barclays Bank plc

S&P MidCap 400 Index

Receive

5.59% (SOFR + 0.25%)

At Maturity

09/25/24

123

$

361,489

$

2,521

Goldman Sachs International

S&P MidCap 400 Index

Receive

5.28% (Federal Funds Rate - 0.05%)

At Maturity

09/26/24

38

109,902

616

BNP Paribas

S&P MidCap 400 Index

Receive

5.38% (Federal Funds Rate + 0.05%)

At Maturity

09/26/24

28

82,331

(246

)

$

553,722

$

2,891

†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Affiliated issuer.
2	All or a portion of this security is pledged as equity index swap collateral at June 30, 2024.
3	Rate indicated is the effective yield at the time of purchase.
4	Repurchase Agreements — See Note 4.

plc — Public Limited Company

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Mutual Funds	$	95,816	$	—	$	—	$	95,816
U.S. Treasury Bills		—		24,734		—		24,734
Repurchase Agreements		—		412,385		—		412,385
Equity Index Swap Agreements**		—		3,137		—		3,137
Total Assets	$	95,816	$	440,256	$	—	$	536,072

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Equity Index Swap Agreements**	$	—	$	246	$	—	$	246

** This derivative is reported as unrealized appreciation/depreciation at period end.

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III (collectively, the “Guggenheim Strategy Funds”), each of which are open-end management investment companies managed by GI. The Guggenheim Strategy Funds, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Guggenheim Strategy Funds pay no investment management fees. The Guggenheim Strategy Funds’ annual report on Form N-CSR dated September 30, 2023 is available publicly or upon request. This information is available from the EDGAR database on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1601445/000182126823000217/gug86449-ncsr.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Transactions during the period ended June 30, 2024, in which the company is an affiliated issuer, were as follows:

Security Name	Value 03/31/24		Additions		Reductions		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 06/30/24		Shares 06/30/24		Investment Income
Mutual Funds
Guggenheim Strategy Fund II	$	49,692	$	–	$	–	$	–	$	101	$	49,793		2,020	$	696
Guggenheim Ultra Short Duration Fund — Institutional Class		45,884		–		–		–		139		46,023		4,630		595
	$	95,576	$	–	$	–	$	–	$	240	$	95,816			$	1,291

Inverse NASDAQ-100® Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
MUTUAL FUNDS† - 10.9%
Guggenheim Strategy Fund II1		49,399	$	1,217,694
Guggenheim Ultra Short Duration Fund — Institutional Class1		87,169		866,456
Total Mutual Funds
(Cost $2,033,556)				2,084,150

	Face Amount
U.S. TREASURY BILLS†† - 13.8%
U.S. Treasury Bills
5.28% due 07/02/242	$	1,400,000		1,399,795
5.20% due 07/05/242		500,000		499,707
5.23% due 09/12/242,3		500,000		494,689
5.18% due 07/09/242,4		249,000		248,711
Total U.S. Treasury Bills
(Cost $2,642,912)				2,642,902
FEDERAL AGENCY NOTES†† - 7.9%
Federal Home Loan Bank
5.35% (SOFR + 0.01%, Rate Floor: 0.00%) due 08/05/24◊		1,500,000		1,499,933
Total Federal Agency Notes
(Cost $1,499,954)				1,499,933
FEDERAL AGENCY DISCOUNT NOTES†† - 5.7%
Federal Home Loan Bank
5.26% due 07/31/242		1,100,000		1,095,144
Total Federal Agency Discount Notes
(Cost $1,095,178)				1,095,144
REPURCHASE AGREEMENTS††,5 - 59.3%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/243		6,340,266		6,340,266
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/243		4,998,555		4,998,555
Total Repurchase Agreements
(Cost $11,338,821)				11,338,821
Total Investments - 97.6%
(Cost $18,610,421)			$	18,660,950
Other Assets & Liabilities, net - 2.4%				456,767
Total Net Assets - 100.0%			$	19,117,717

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Appreciation**
Equity Futures Contracts Sold Short†
NASDAQ-100 Index Mini Futures Contracts		15	Sep 2024	$	5,979,750	$	5,090

Total Return Swap Agreements

Counterparty

Index

Type

Financing Rate

Payment Frequency

Maturity Date

Units

Notional Amount

Value and Unrealized Appreciation (Depreciation)

OTC Equity Index Swap Agreements Sold Short††

BNP Paribas

NASDAQ-100 Index

Receive

5.58% (Federal Funds Rate + 0.25%)

At Maturity

09/26/24

302

$

5,943,188

$

5,499

Barclays Bank plc

NASDAQ-100 Index

Receive

5.69% (SOFR + 0.35%)

At Maturity

09/25/24

195

3,839,539

(33,477

)

Goldman Sachs International

NASDAQ-100 Index

Receive

5.63% (Federal Funds Rate + 0.30%)

At Maturity

09/26/24

170

3,343,533

(35,375

)

$

13,126,260

$

(63,353

)

**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
◊	Variable rate security. Rate indicated is the rate effective at June 30, 2024. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
1	Affiliated issuer.
2	Rate indicated is the effective yield at the time of purchase.
3	All or a portion of this security is pledged as equity index swap collateral at June 30, 2024.

Inverse NASDAQ-100® Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

4	All or a portion of this security is pledged as futures collateral at June 30, 2024.
5	Repurchase Agreements — See Note 4.

plc — Public Limited Company

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Mutual Funds	$	2,084,150	$	—	$	—	$	2,084,150
U.S. Treasury Bills		—		2,642,902		—		2,642,902
Federal Agency Notes		—		1,499,933		—		1,499,933
Federal Agency Discount Notes		—		1,095,144		—		1,095,144
Repurchase Agreements		—		11,338,821		—		11,338,821
Equity Futures Contracts**		5,090		—		—		5,090
Equity Index Swap Agreements**		—		5,499		—		5,499
Total Assets	$	2,089,240	$	16,582,299	$	—	$	18,671,539

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Equity Index Swap Agreements**	$	—	$	68,852	$	—	$	68,852

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III (collectively, the “Guggenheim Strategy Funds”), each of which are open-end management investment companies managed by GI. The Guggenheim Strategy Funds, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Guggenheim Strategy Funds pay no investment management fees. The Guggenheim Strategy Funds’ annual report on Form N-CSR dated September 30, 2023 is available publicly or upon request. This information is available from the EDGAR database on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1601445/000182126823000217/gug86449-ncsr.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Transactions during the period ended June 30, 2024, in which the company is an affiliated issuer, were as follows:

Security Name	Value 03/31/24		Additions		Reductions		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 06/30/24		Shares 06/30/24		Investment Income
Mutual Funds
Guggenheim Strategy Fund II	$	1,215,224	$	–	$	–	$	–	$	2,470	$	1,217,694		49,399	$	17,031
Guggenheim Ultra Short Duration Fund — Institutional Class		863,841		–		–		–		2,615		866,456		87,169		11,190
	$	2,079,065	$	–	$	–	$	–	$	5,085	$	2,084,150			$	28,221

Inverse Russell 2000® Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
MUTUAL FUNDS† - 37.0%
Guggenheim Ultra Short Duration Fund — Institutional Class1		44,544	$	442,763
Guggenheim Strategy Fund II1		17,889		440,973
Total Mutual Funds
(Cost $868,958)				883,736

	Face Amount
U.S. TREASURY BILLS†† - 2.3%
U.S. Treasury Bills
5.23% due 09/12/242,3		50,000		49,469
5.18% due 07/09/243,4		6,000		5,993
Total U.S. Treasury Bills
(Cost $55,463)				55,462
REPURCHASE AGREEMENTS††,5 - 60.7%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/242	$	811,150		811,150
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/242		639,496		639,496
Total Repurchase Agreements
(Cost $1,450,646)				1,450,646
Total Investments - 100.0%
(Cost $2,375,067)			$	2,389,844
Other Assets & Liabilities, net - 0.0%				(1,058	)
Total Net Assets - 100.0%			$	2,388,786

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Depreciation**
Equity Futures Contracts Sold Short†
Russell 2000 Index Mini Futures Contracts		4	Sep 2024	$	413,280	$	(7,417	)

Total Return Swap Agreements

Counterparty	Index	Type	Financing Rate	Payment Frequency	Maturity Date	Units		Notional Amount		Value and Unrealized Depreciation
OTC Equity Index Swap Agreements Sold Short††
Barclays Bank plc	Russell 2000 Index	Receive	5.39% (SOFR + 0.05%)	At Maturity	09/25/24		272	$	557,255	$	(4,593	)
Goldman Sachs International	Russell 2000 Index	Receive	5.18% (Federal Funds Rate - 0.15%)	At Maturity	09/26/24		355		727,346		(5,996	)
BNP Paribas	Russell 2000 Index	Receive	5.13% (Federal Funds Rate - 0.20%)	At Maturity	09/26/24		344		703,889		(8,713	)
								$	1,988,490	$	(19,302	)

**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Affiliated issuer.
2	All or a portion of this security is pledged as equity index swap collateral at June 30, 2024.
3	Rate indicated is the effective yield at the time of purchase.
4	All or a portion of this security is pledged as futures collateral at June 30, 2024.
5	Repurchase Agreements — See Note 4.

plc — Public Limited Company

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

Inverse Russell 2000® Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Mutual Funds	$	883,736	$	—	$	—	$	883,736
U.S. Treasury Bills		—		55,462		—		55,462
Repurchase Agreements		—		1,450,646		—		1,450,646
Total Assets	$	883,736	$	1,506,108	$	—	$	2,389,844

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Equity Futures Contracts**	$	7,417	$	—	$	—	$	7,417
Equity Index Swap Agreements**		—		19,302		—		19,302
Total Liabilities	$	7,417	$	19,302	$	—	$	26,719

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III (collectively, the “Guggenheim Strategy Funds”), each of which are open-end management investment companies managed by GI. The Guggenheim Strategy Funds, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Guggenheim Strategy Funds pay no investment management fees. The Guggenheim Strategy Funds’ annual report on Form N-CSR dated September 30, 2023 is available publicly or upon request. This information is available from the EDGAR database on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1601445/000182126823000217/gug86449-ncsr.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Transactions during the period ended June 30, 2024, in which the company is an affiliated issuer, were as follows:

Security Name	Value 03/31/24		Additions		Reductions		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 06/30/24		Shares 06/30/24		Investment Income
Mutual Funds
Guggenheim Strategy Fund II	$	440,079	$	–	$	–	$	–	$	894	$	440,973		17,889	$	6,168
Guggenheim Ultra Short Duration Fund — Institutional Class		441,426		–		–		–		1,337		442,763		44,544		5,718
	$	881,505	$	–	$	–	$	–	$	2,231	$	883,736			$	11,886

Inverse S&P 500® Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
MUTUAL FUNDS† - 25.9%
Guggenheim Strategy Fund II1		262,625	$	6,473,709
Guggenheim Ultra Short Duration Fund — Institutional Class1		426,990		4,244,283
Total Mutual Funds
(Cost $10,738,043)				10,717,992

	Face Amount
U.S. TREASURY BILLS†† - 18.5%
U.S. Treasury Bills
5.28% due 07/02/242	$	3,100,000		3,099,546
5.25% due 07/16/242		2,000,000		1,995,621
5.23% due 09/12/242,3		1,900,000		1,879,820
5.20% due 07/02/242		650,000		649,905
5.18% due 07/09/242,4		47,000		46,945
Total U.S. Treasury Bills
(Cost $7,671,869)				7,671,837
FEDERAL AGENCY DISCOUNT NOTES†† - 12.0%
Federal Home Loan Bank
5.24% due 07/26/242		4,100,000		4,085,080
5.27% due 07/19/242		882,000		879,676
Total Federal Agency Discount Notes
(Cost $4,964,756)				4,964,756
FEDERAL AGENCY NOTES†† - 9.6%
Federal Farm Credit Bank
5.50% due 11/25/24		2,000,000		2,000,914
Federal Home Loan Bank
5.34% (SOFR + 0.00%, Rate Floor: 0.00%) due 08/22/24◊		2,000,000		1,999,882
Total Federal Agency Notes
(Cost $4,001,014)				4,000,796
REPURCHASE AGREEMENTS††,5 - 33.5%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/243		7,747,618		7,747,618
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/243		6,108,086		6,108,086
Total Repurchase Agreements
(Cost $13,855,704)				13,855,704
Total Investments - 99.5%
(Cost $41,231,386)			$	41,211,085
Other Assets & Liabilities, net - 0.5%				203,566
Total Net Assets - 100.0%			$	41,414,651

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Depreciation**
Equity Futures Contracts Sold Short†
S&P 500 Index Mini Futures Contracts		3	Sep 2024	$	828,525	$	(3,118	)

Total Return Swap Agreements

Counterparty

Index

Type

Financing Rate

Payment Frequency

Maturity Date

Units

Notional Amount

Value and Unrealized Appreciation (Depreciation)

OTC Equity Index Swap Agreements Sold Short††

BNP Paribas

S&P 500 Index

Receive

5.53% (Federal Funds Rate + 0.20%)

At Maturity

09/26/24

730

$

3,987,542

$

6,443

Barclays Bank plc

S&P 500 Index

Receive

5.64% (SOFR + 0.30%)

At Maturity

09/25/24

2,486

13,576,232

(31,352

)

Goldman Sachs International

S&P 500 Index

Receive

5.63% (Federal Funds Rate + 0.30%)

At Maturity

09/26/24

4,218

23,032,925

(51,802

)

$

40,596,699

$

(76,711

)

**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
◊	Variable rate security. Rate indicated is the rate effective at June 30, 2024. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
1	Affiliated issuer.
2	Rate indicated is the effective yield at the time of purchase.

Inverse S&P 500® Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

3	All or a portion of this security is pledged as equity index swap collateral at June 30, 2024.
4	All or a portion of this security is pledged as futures collateral at June 30, 2024.
5	Repurchase Agreements — See Note 4.

plc — Public Limited Company

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Mutual Funds	$	10,717,992	$	—	$	—	$	10,717,992
U.S. Treasury Bills		—		7,671,837		—		7,671,837
Federal Agency Discount Notes		—		4,964,756		—		4,964,756
Federal Agency Notes		—		4,000,796		—		4,000,796
Repurchase Agreements		—		13,855,704		—		13,855,704
Equity Index Swap Agreements**		—		6,443		—		6,443
Total Assets	$	10,717,992	$	30,499,536	$	—	$	41,217,528

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Equity Futures Contracts**	$	3,118	$	—	$	—	$	3,118
Equity Index Swap Agreements**		—		83,154		—		83,154
Total Liabilities	$	3,118	$	83,154	$	—	$	86,272

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III (collectively, the “Guggenheim Strategy Funds”), each of which are open-end management investment companies managed by GI. The Guggenheim Strategy Funds, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Guggenheim Strategy Funds pay no investment management fees. The Guggenheim Strategy Funds’ annual report on Form N-CSR dated September 30, 2023 is available publicly or upon request. This information is available from the EDGAR database on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1601445/000182126823000217/gug86449-ncsr.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Transactions during the period ended June 30, 2024, in which the company is an affiliated issuer, were as follows:

Security Name	Value 03/31/24		Additions		Reductions		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 06/30/24		Shares 06/30/24		Investment Income
Mutual Funds
Guggenheim Strategy Fund II	$	6,460,578	$	–	$	–	$	–	$	13,131	$	6,473,709		262,625	$	90,543
Guggenheim Ultra Short Duration Fund — Institutional Class		4,231,473		–		–		–		12,810		4,244,283		426,990		54,816
	$	10,692,051	$	–	$	–	$	–	$	25,941	$	10,717,992			$	145,359

Japan 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Face Amount		Value
U.S. TREASURY BILLS†† - 32.7% (continued)
U.S. Treasury Bills
5.18% due 07/09/241,2	$	477,000	$	476,447
Total U.S. Treasury Bills
(Cost $476,442)				476,447
REPURCHASE AGREEMENTS††,3 - 66.5%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24		542,145		542,145
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		427,418		427,418
Total Repurchase Agreements
(Cost $969,563)				969,563
Total Investments - 99.2%
(Cost $1,446,005)			$	1,446,010
Other Assets & Liabilities, net - 0.8%				11,407
Total Net Assets - 100.0%			$	1,457,417

Futures Contracts

Description	Number of Contracts	Expiration Date	Notional Amount		Value and Unrealized Depreciation**
Equity Futures Contracts Purchased†
Nikkei 225 (CME) Index Futures Contracts	15	Sep 2024	$	2,987,625	$	61,975
Currency Futures Contracts Purchased†
Japanese Yen Futures Contracts	37	Sep 2024		2,909,356		(68,080	)

**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is pledged as futures collateral at June 30, 2024.
2	Rate indicated is the effective yield at the time of purchase.
3	Repurchase Agreements — See Note 4.

CME — Chicago Mercantile Exchange

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
U.S. Treasury Bills	$	—	$	476,447	$	—	$	476,447
Repurchase Agreements		—		969,563		—		969,563
Equity Futures Contracts**		61,975		—		—		61,975
Total Assets	$	61,975	$	1,446,010	$	—	$	1,507,985

Japan 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Currency Futures Contracts**	$	68,080	$	—	$	—	$	68,080

** This derivative is reported as unrealized appreciation/depreciation at period end.

Leisure Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.5%
Retail - 19.8%
McDonald’s Corp.		992	$	252,801
Starbucks Corp.		2,163		168,390
Chipotle Mexican Grill, Inc. — Class A*		2,650		166,023
Yum! Brands, Inc.		837		110,869
Darden Restaurants, Inc.		527		79,746
Domino’s Pizza, Inc.		149		76,933
Restaurant Brands International, Inc.		957		67,344
Texas Roadhouse, Inc. — Class A		365		62,674
Yum China Holdings, Inc.		1,886		58,164
Wingstop, Inc.		117		49,451
Cava Group, Inc.*		514		47,673
Shake Shack, Inc. — Class A*		385		34,650
Brinker International, Inc.*		472		34,168
Wendy’s Co.		1,887		32,004
Cheesecake Factory, Inc.		637		25,028
Bloomin’ Brands, Inc.		1,253		24,095
Papa John’s International, Inc.		489		22,973
Dave & Buster’s Entertainment, Inc.*		518		20,622
Jack in the Box, Inc.		329		16,759
Cracker Barrel Old Country Store, Inc.		381		16,063
Total Retail				1,366,430
Internet - 17.9%
Netflix, Inc.*		472		318,543
Booking Holdings, Inc.		52		205,998
Airbnb, Inc. — Class A*		1,173		177,862
DoorDash, Inc. — Class A*		1,032		112,261
Spotify Technology S.A.*		288		90,371
Expedia Group, Inc.*		609		76,728
Sea Ltd. ADR*		1,002		71,563
Trip.com Group Ltd. ADR*		1,441		67,727
Bilibili, Inc. ADR*		3,945		60,911
Roku, Inc.*		978		58,612
Total Internet				1,240,576
Media - 15.4%
Walt Disney Co.		2,499		248,126
Comcast Corp. — Class A		5,944		232,767
Charter Communications, Inc. — Class A*		356		106,430
Warner Bros Discovery, Inc.*		10,373		77,175
News Corp. — Class A		2,704		74,549
Fox Corp. — Class A		2,152		73,964
New York Times Co. — Class A		1,025		52,490
Liberty Broadband Corp. — Class C*		952		52,189
Paramount Global — Class B		4,515		46,911
Endeavor Group Holdings, Inc. — Class A		1,643		44,410
Nexstar Media Group, Inc. — Class A		244		40,507
Sirius XM Holdings, Inc.1		5,668		16,040
Total Media				1,065,558
Entertainment - 10.9%
DraftKings, Inc. — Class A*		1,952		74,508
TKO Group Holdings, Inc.		684		73,865
Live Nation Entertainment, Inc.*		777		72,836
Warner Music Group Corp. — Class A		2,276		69,759
Light & Wonder, Inc. — Class A*		583		61,145
Churchill Downs, Inc.		400		55,840
Caesars Entertainment, Inc.*		1,373		54,563
Vail Resorts, Inc.		264		47,554
Red Rock Resorts, Inc. — Class A		764		41,967
Penn Entertainment, Inc.*		1,663		32,187
Marriott Vacations Worldwide Corp.		359		31,348
Six Flags Entertainment Corp.		933		30,920
Cinemark Holdings, Inc.*		1,427		30,852
International Game Technology plc		1,357		27,764
United Parks & Resorts, Inc.*		481		26,123
AMC Entertainment Holdings, Inc. — Class A*,1		4,248		21,154
Total Entertainment				752,385
Lodging - 9.4%
Hilton Worldwide Holdings, Inc.		635		138,557
Marriott International, Inc. — Class A		572		138,292
Las Vegas Sands Corp.		1,678		74,252
Hyatt Hotels Corp. — Class A		472		71,706
MGM Resorts International*		1,401		62,260
Wynn Resorts Ltd.		597		53,432
Wyndham Hotels & Resorts, Inc.		609		45,066
Boyd Gaming Corp.		653		35,980
Choice Hotels International, Inc.1		285		33,915
Total Lodging				653,460
Leisure Time - 7.4%
Royal Caribbean Cruises Ltd.*		710		113,195
Carnival Corp.*		4,861		90,998
Norwegian Cruise Line Holdings Ltd.*		2,909		54,660
Planet Fitness, Inc. — Class A*		677		49,820
Brunswick Corp.		557		40,533
Polaris, Inc.		493		38,607
Harley-Davidson, Inc.		1,132		37,967
YETI Holdings, Inc.*		834		31,817
Topgolf Callaway Brands Corp.*		1,769		27,066
Peloton Interactive, Inc. — Class A*		5,149		17,404
Sabre Corp.*		4,653		12,424
Total Leisure Time				514,491
Agriculture - 6.6%
Philip Morris International, Inc.		2,282		231,235
Altria Group, Inc.		3,573		162,750
British American Tobacco plc ADR		2,041		63,128
Total Agriculture				457,113
Software - 5.3%
Electronic Arts, Inc.		813		113,275
Take-Two Interactive Software, Inc.*		595		92,517
ROBLOX Corp. — Class A*		2,271		84,504

Leisure Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.5% (continued)
Software - 5.3% (continued)
NetEase, Inc. ADR		774	$	73,979
Total Software				364,275
Beverages - 4.6%
Constellation Brands, Inc. — Class A		465		119,635
Brown-Forman Corp. — Class B		1,932		83,443
Anheuser-Busch InBev S.A. ADR		1,039		60,418
Molson Coors Beverage Co. — Class B		1,149		58,404
Total Beverages				321,900
Toys, Games & Hobbies - 1.4%
Hasbro, Inc.		877		51,305
Mattel, Inc.*		2,632		42,796
Total Toys, Games & Hobbies				94,101
Food Service - 0.8%
Aramark		1,638		55,725
Total Common Stocks
(Cost $4,081,110)				6,886,014

	Face Amount
REPURCHASE AGREEMENTS††,2 - 0.5%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	19,013	19,013
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		14,989	14,989
Total Repurchase Agreements
(Cost $34,002)			34,002

	Shares
SECURITIES LENDING COLLATERAL†,3 - 0.8%
Money Market Fund***
First American Government Obligations Fund - Class X, 5.23%4		54,229		54,229
Total Securities Lending Collateral
(Cost $54,229)				54,229
Total Investments - 100.8%
(Cost $4,169,341)			$	6,974,245
Other Assets & Liabilities, net - (0.8)%				(53,864	)
Total Net Assets - 100.0%			$	6,920,381

*	Non-income producing security.
***	A copy of each underlying unaffiliated fund's statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Repurchase Agreements — See Note 4.
3	Securities lending collateral — See Note 5.
4	Rate indicated is the 7-day yield as of June 30, 2024.

ADR — American Depositary Receipt

plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	6,886,014	$	—	$	—	$	6,886,014
Repurchase Agreements		—		34,002		—		34,002
Securities Lending Collateral		54,229		—		—		54,229
Total Assets	$	6,940,243	$	34,002	$	—	$	6,974,245

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 93.3%
Industrial - 16.5%
Apogee Enterprises, Inc.		1,962	$	123,282
Vontier Corp.		3,089		118,000
Avnet, Inc.		2,267		116,728
Vishay Intertechnology, Inc.		5,146		114,756
International Seaways, Inc.		1,935		114,417
Acuity Brands, Inc.		468		112,994
TD SYNNEX Corp.		946		109,168
Caterpillar, Inc.1		309		102,928
Sonoco Products Co.		1,997		101,288
Mueller Industries, Inc.		1,769		100,727
Teekay Corp.*		11,051		99,127
Applied Industrial Technologies, Inc.		495		96,030
Teekay Tankers Ltd. — Class A		1,288		88,627
Snap-on, Inc.		331		86,520
Scorpio Tankers, Inc.		1,062		86,330
UFP Industries, Inc.		728		81,536
Boise Cascade Co.1		654		77,970
A O Smith Corp.		929		75,974
Owens Corning		398		69,140
Berry Global Group, Inc.		1,108		65,206
Mettler-Toledo International, Inc.*		44		61,494
Kennametal, Inc.		2,151		50,635
Atkore, Inc.		372		50,194
Garmin Ltd.		306		49,853
Timken Co.		619		49,601
Terex Corp.		903		49,520
Deere & Co.1		132		49,319
Lindsay Corp.		392		48,169
AZZ, Inc.		613		47,354
Oshkosh Corp.		434		46,959
Griffon Corp.		720		45,979
Masco Corp.1		671		44,736
Ardmore Shipping Corp.		1,841		41,478
Dorian LPG Ltd.		968		40,617
Worthington Enterprises, Inc.		588		27,830
AGCO Corp.		283		27,700
Watts Water Technologies, Inc. — Class A		141		25,855
Total Industrial				2,698,041
Consumer, Non-cyclical - 16.1%
Johnson & Johnson1		960		140,314
United Therapeutics Corp.*		436		138,888
Gilead Sciences, Inc.1		1,969		135,093
Merck & Company, Inc.1		1,077		133,333
Bristol-Myers Squibb Co.1		3,072		127,580
Philip Morris International, Inc.		1,259		127,574
Kimberly-Clark Corp.		914		126,315
Becton Dickinson & Co.		531		124,100
Neurocrine Biosciences, Inc.*		899		123,765
Colgate-Palmolive Co.		1,138		110,432
Innoviva, Inc.*,1		6,470		106,108
Jazz Pharmaceuticals plc*		866		92,428
United Rentals, Inc.		126		81,488
Molina Healthcare, Inc.*		251		74,622
Royalty Pharma plc — Class A		2,777		73,230
Collegium Pharmaceutical, Inc.*		2,232		71,870
Zimmer Biomet Holdings, Inc.		654		70,978
Catalyst Pharmaceuticals, Inc.*		3,703		57,359
Amgen, Inc.		167		52,179
Stride, Inc.*		617		43,498
USANA Health Sciences, Inc.*		957		43,295
Pacira BioSciences, Inc.*		1,511		43,230
Alkermes plc*		1,689		40,705
Biogen, Inc.*,1		157		36,396
ZipRecruiter, Inc. — Class A*		3,828		34,797
Perdoceo Education Corp.1		1,599		34,251
Exelixis, Inc.*		1,471		33,053
Centene Corp.*,1		484		32,089
Heidrick & Struggles International, Inc.1		969		30,601
Organon & Co.		1,395		28,877
Eli Lilly & Co.		29		26,256
Inmode Ltd.*		1,399		25,518
Medtronic plc		322		25,345
Vertex Pharmaceuticals, Inc.*		54		25,311
Alarm.com Holdings, Inc.*		391		24,844
LiveRamp Holdings, Inc.*		779		24,102
Quest Diagnostics, Inc.		172		23,544
Pfizer, Inc.		830		23,223
Bio-Rad Laboratories, Inc. — Class A*		85		23,214
OraSure Technologies, Inc.*		5,162		21,990
Xencor, Inc.*		1,041		19,706
Total Consumer, Non-cyclical				2,631,501
Consumer, Cyclical - 13.8%
General Motors Co.1		2,762		128,323
Cummins, Inc.1		444		122,957
PACCAR, Inc.1		1,146		117,969
Lennar Corp. — Class A		767		114,950
Lear Corp.		1,002		114,438
MSC Industrial Direct Company, Inc. — Class A		1,439		114,127
Monarch Casino & Resort, Inc.		1,642		111,869
GMS, Inc.*		1,349		108,743
Allison Transmission Holdings, Inc.		1,173		89,031
BorgWarner, Inc.		2,584		83,308
Polaris, Inc.		1,034		80,973
Gentex Corp.1		2,286		77,061
KB Home		1,030		72,285
Buckle, Inc.		1,845		68,154
Meritage Homes Corp.		412		66,682
Movado Group, Inc.		2,571		63,915
Steven Madden Ltd.		1,448		61,251
Las Vegas Sands Corp.		1,374		60,799
DR Horton, Inc.1		359		50,594
Skechers USA, Inc. — Class A*		728		50,319
PulteGroup, Inc.		455		50,096
Visteon Corp.*		464		49,509
M/I Homes, Inc.*		385		47,024
Carter’s, Inc.		736		45,610
Dillard’s, Inc. — Class A1,2		94		41,397
MasterCraft Boat Holdings, Inc.*		2,164		40,856
Toll Brothers, Inc.		320		36,858
Wabash National Corp.		1,574		34,376
Dana, Inc.1		2,664		32,288
Ethan Allen Interiors, Inc.		1,155		32,213
Sonos, Inc.*		2,005		29,594
Golden Entertainment, Inc.		941		29,275

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 93.3% (continued)
Consumer, Cyclical - 13.8% (continued)
Build-A-Bear Workshop, Inc. — Class A		1,139	$	28,782
Total Consumer, Cyclical				2,255,626
Financial - 13.5%
MetLife, Inc.		1,774		124,517
Janus Henderson Group plc		3,676		123,918
MGIC Investment Corp.1		5,721		123,288
Enact Holdings, Inc.1		4,001		122,671
Equity Commonwealth REIT*		6,318		122,569
Loews Corp.1		1,632		121,976
Essent Group Ltd.		2,134		119,909
National Storage Affiliates Trust REIT		2,266		93,405
Preferred Bank/Los Angeles CA		1,103		83,266
Synchrony Financial1		1,707		80,553
Sunstone Hotel Investors, Inc. REIT		7,120		74,475
Hilltop Holdings, Inc.		2,329		72,851
Citigroup, Inc.1		1,101		69,869
Travelers Companies, Inc.		343		69,746
Everest Group Ltd.		168		64,011
Ally Financial, Inc.		1,589		63,035
OneMain Holdings, Inc.		1,270		61,582
Central Pacific Financial Corp.		2,825		59,890
NMI Holdings, Inc. — Class A*		1,708		58,140
Western Union Co.		4,545		55,540
International Bancshares Corp.1		911		52,118
Markel Group, Inc.*		32		50,421
Innovative Industrial Properties, Inc. REIT		460		50,241
Cullen/Frost Bankers, Inc.		482		48,986
Assured Guaranty Ltd.		630		48,604
Jackson Financial, Inc. — Class A		652		48,418
Enova International, Inc.*,1		699		43,513
Westamerica BanCorp		852		41,348
Affiliated Managers Group, Inc.		238		37,183
SiriusPoint Ltd.*		2,511		30,634
Total Financial				2,216,677
Communications - 10.7%
Cisco Systems, Inc.1		2,891		137,351
AT&T, Inc.1		7,070		135,108
Verizon Communications, Inc.1		3,168		130,648
Yelp, Inc. — Class A*		3,404		125,778
T-Mobile US, Inc.1		704		124,031
InterDigital, Inc.		1,050		122,388
Fox Corp. — Class B		3,785		121,195
Alphabet, Inc. — Class C1		637		116,838
IDT Corp. — Class B1		3,084		110,777
Amazon.com, Inc.*,1		495		95,659
eBay, Inc.1		1,686		90,572
TEGNA, Inc.		6,371		88,812
Meta Platforms, Inc. — Class A		139		70,087
Gogo, Inc.*,1		7,157		68,850
Spok Holdings, Inc.		4,586		67,919
Ooma, Inc.*		5,618		55,787
Anterix, Inc.*		1,219		48,260
Ciena Corp.*		901		43,410
Total Communications				1,753,470
Technology - 10.0%
Microsoft Corp.1		520		232,414
Apple, Inc.		945		199,036
NVIDIA Corp.1		1,090		134,658
Dropbox, Inc. — Class A*,1		5,633		126,574
Amdocs Ltd.		1,583		124,930
Zoom Video Communications, Inc. — Class A*		1,961		116,072
NetApp, Inc.		557		71,741
International Business Machines Corp.		407		70,391
Qualys, Inc.*		463		66,024
Amkor Technology, Inc.		1,441		57,669
Immersion Corp.1		5,538		52,113
Clear Secure, Inc. — Class A		2,441		45,671
Cognizant Technology Solutions Corp. — Class A1		614		41,752
QUALCOMM, Inc.		209		41,629
IPG Photonics Corp.*		461		38,904
Cirrus Logic, Inc.*		287		36,638
Teradata Corp.*		859		29,687
Playtika Holding Corp.		3,539		27,852
Adeia, Inc.		2,375		26,564
Applied Materials, Inc.1		111		26,195
Pure Storage, Inc. — Class A*		399		25,620
DocuSign, Inc.*		465		24,877
Photronics, Inc.*		997		24,596
Total Technology				1,641,607
Utilities - 5.9%
ONE Gas, Inc.		1,953		124,699
OGE Energy Corp.		3,377		120,559
Black Hills Corp.		2,201		119,690
WEC Energy Group, Inc.		1,512		118,631
CMS Energy Corp.1		1,973		117,453
National Fuel Gas Co.1		2,157		116,888
New Jersey Resources Corp.		2,304		98,473
Avista Corp.		2,679		92,720
Otter Tail Corp.		757		66,306
Total Utilities				975,419
Energy - 5.3%
CVR Energy, Inc.1		4,500		120,465
PBF Energy, Inc. — Class A		2,489		114,544
Cheniere Energy, Inc.		557		97,380
HF Sinclair Corp.		1,695		90,411
Valero Energy Corp.		537		84,180
EOG Resources, Inc.1		650		81,816
Marathon Petroleum Corp.1		411		71,300
SandRidge Energy, Inc.1		5,313		68,697
Magnolia Oil & Gas Corp. — Class A		2,164		54,836
Liberty Energy, Inc. — Class A		2,575		53,792
Par Pacific Holdings, Inc.*		1,017		25,679
Total Energy				863,100
Basic Materials - 1.1%
Olin Corp.		1,178		55,543
CF Industries Holdings, Inc.1		647		47,956
Sylvamo Corp.		541		37,112
Cabot Corp.		397		36,480
Total Basic Materials				177,091

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 93.3% (continued)
Government - 0.4%
Banco Latinoamericano de Comercio Exterior S.A. — Class E		2,172	$	64,443
Total Common Stocks
(Cost $14,241,914)				15,276,975
MONEY MARKET FUND†,** - 0.2%
Invesco Short-Term Treasury Obligations Portfolio—Institutional Class, 5.15%3		35,556		35,556
Total Money Market Fund
(Cost $35,556)				35,556

SECURITIES LENDING COLLATERAL†,4 - 0.1%
Money Market Fund**
First American Government Obligations Fund - Class X, 5.23%3	14,537		14,537
Total Securities Lending Collateral
(Cost $14,537)			14,537
Total Investments - 93.6%
(Cost $14,292,007)		$	15,327,068
Other Assets & Liabilities, net - 6.4%			1,045,440
Total Net Assets - 100.0%		$	16,372,508

Custom Basket Swap Agreements

Counterparty	Reference Obligation	Type	Financing Rate	Payment Frequency	Maturity Date	Notional Amount		Value and Unrealized Appreciation
OTC Custom Basket Swap Agreements††
Morgan Stanley Capital Services LLC	MS Equity Custom Basket	Pay	5.73% (Federal Funds Rate + 0.40%)	At Maturity	11/27/24	$	8,613,770	$	540,672
Goldman Sachs International	GS Equity Custom Basket	Pay	5.78% (Federal Funds Rate + 0.45%)	At Maturity	05/16/28		8,613,767		322,680
						$	17,227,537	$	863,352
OTC Custom Basket Swap Agreements Sold Short††
Morgan Stanley Capital Services LLC	MS Equity Custom Basket	Receive	5.03% (Federal Funds Rate - 0.30%)	At Maturity	11/27/24	$	9,509,156	$	211,972
Goldman Sachs International	GS Equity Custom Basket	Receive	5.13% (Federal Funds Rate - 0.20%)	At Maturity	05/16/28		9,400,422		151,652
						$	18,909,578	$	363,624

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

GS EQUITY LONG CUSTOM BASKET
	Shares	Percentage Notional Amount				Value and Unrealized Appreciation (Depreciation)
Industrial
Mueller Industries, Inc.	998		0.74	%	$	16,665
Apogee Enterprises, Inc.	1,106		0.81	%		15,447
International Seaways, Inc.	1,091		0.75	%		14,389
Teekay Tankers Ltd. — Class A	726		0.58	%		13,720
Teekay Corp.	6,231		0.65	%		13,343
Owens Corning	225		0.45	%		11,841
Ardmore Shipping Corp.	1,038		0.27	%		10,489
Scorpio Tankers, Inc.	599		0.57	%		8,636
TD SYNNEX Corp.	534		0.72	%		3,040
UFP Industries, Inc.	410		0.53	%		2,690
Applied Industrial Technologies, Inc.	279		0.63	%		1,839
Lindsay Corp.	221		0.32	%		1,369
Masco Corp.	379		0.29	%		885
AZZ, Inc.	345		0.31	%		484
Caterpillar, Inc.	174		0.67	%		186
A O Smith Corp.	524		0.50	%		8
Garmin Ltd.	173		0.33	%		(181	)
Watts Water Technologies, Inc. — Class A	80		0.17	%		(695	)
Atkore, Inc.	210		0.33	%		(696	)
Snap-on, Inc.	186		0.56	%		(785	)
Mettler-Toledo International, Inc.	25		0.41	%		(952	)
Berry Global Group, Inc.	625		0.43	%		(1,353	)
Oshkosh Corp.	245		0.31	%		(1,540	)
Vishay Intertechnology, Inc.	2,901		0.75	%		(1,616	)
Griffon Corp.	406		0.30	%		(1,872	)
Kennametal, Inc.	1,213		0.33	%		(2,026	)
Deere & Co.	74		0.32	%		(2,031	)
Worthington Enterprises, Inc.	332		0.18	%		(2,277	)
Vontier Corp.	1,742		0.77	%		(2,562	)
Terex Corp.	509		0.32	%		(2,688	)
AGCO Corp.	160		0.18	%		(2,704	)
Timken Co.	349		0.32	%		(3,284	)
Avnet, Inc.	1,278		0.76	%		(3,295	)
Acuity Brands, Inc.	264		0.74	%		(3,363	)
Dorian LPG Ltd.	546		0.27	%		(4,309	)
Boise Cascade Co.	369		0.51	%		(5,585	)
Sonoco Products Co.	1,126		0.66	%		(6,537	)
Total Industrial						64,680
Communications
InterDigital, Inc.	592		0.80	%		20,321
AT&T, Inc.	3,986		0.88	%		14,620
IDT Corp. — Class B	1,739		0.73	%		14,202
Verizon Communications, Inc.	1,786		0.86	%		12,741
Amazon.com, Inc.	279		0.63	%		11,728
T-Mobile US, Inc.	397		0.81	%		8,001
Alphabet, Inc. — Class C	359		0.76	%		7,814
Meta Platforms, Inc. — Class A	78		0.46	%		3,936
Cisco Systems, Inc.	1,630		0.90	%		3,382
eBay, Inc.	951		0.59	%		3,316
Anterix, Inc.	687		0.32	%		2,695
Yelp, Inc. — Class A	1,919		0.82	%		1,447
Gogo, Inc.	4,035		0.45	%		982
Ciena Corp.	508		0.28	%		(225	)
Fox Corp. — Class B	2,134		0.79	%		(450	)
Spok Holdings, Inc.	2,586		0.44	%		(1,357	)
TEGNA, Inc.	3,592		0.58	%		(1,668	)
Ooma, Inc.	3,167		0.37	%		(2,004	)
Total Communications						99,481
Technology
NVIDIA Corp.	610		0.87	%		32,500
Apple, Inc.	533		1.30	%		28,968
Microsoft Corp.	293		1.52	%		12,431
Immersion Corp.	3,123		0.34	%		8,061
NetApp, Inc.	314		0.47	%		7,724
International Business Machines Corp.	229		0.46	%		6,911
Applied Materials, Inc.	62		0.17	%		6,343
Amkor Technology, Inc.	812		0.38	%		6,114
Playtika Holding Corp.	1,995		0.18	%		2,081
Qualys, Inc.	261		0.43	%		1,768
Clear Secure, Inc. — Class A	1,376		0.30	%		1,708
Cirrus Logic, Inc.	162		0.24	%		1,704
Adeia, Inc.	1,339		0.17	%		893
Pure Storage, Inc. — Class A	225		0.17	%		232
DocuSign, Inc.	262		0.16	%		(75	)
IPG Photonics Corp.	260		0.25	%		(618	)
Cognizant Technology Solutions Corp. — Class A	346		0.27	%		(908	)
QUALCOMM, Inc.	118		0.27	%		(1,480	)
Photronics, Inc.	562		0.16	%		(1,772	)
Dropbox, Inc. — Class A	3,176		0.83	%		(1,946	)
Teradata Corp.	484		0.19	%		(2,103	)
Zoom Video Communications, Inc. — Class A	1,106		0.76	%		(4,704	)
Amdocs Ltd.	893		0.82	%		(5,459	)
Total Technology						98,373
Financial
Essent Group Ltd.	1,203		0.78	%		8,765
Synchrony Financial	963		0.53	%		8,468
Preferred Bank/Los Angeles CA	622		0.55	%		5,389
Enact Holdings, Inc.	2,256		0.80	%		5,163
Innovative Industrial Properties, Inc.	259		0.33	%		4,510
MGIC Investment Corp.	3,226		0.81	%		4,272
International Bancshares Corp.	514		0.34	%		4,244
NMI Holdings, Inc. — Class A	963		0.38	%		4,129
National Storage Affiliates Trust	1,278		0.61	%		3,811
Janus Henderson Group plc	2,072		0.81	%		2,968
Loews Corp.	920		0.80	%		2,169
Affiliated Managers Group, Inc.	134		0.24	%		1,925
Citigroup, Inc.	621		0.46	%		1,318
Markel Group, Inc.	18		0.33	%		1,224
Sunstone Hotel Investors, Inc.	4,015		0.49	%		1,177

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Percentage Notional Amount			Value and Unrealized Appreciation (Depreciation)
Central Pacific Financial Corp.		1,593		0.39	%	$	940
Cullen/Frost Bankers, Inc.		272		0.32	%		688
Ally Financial, Inc.		896		0.41	%		591
Westamerica BanCorp		481		0.27	%		318
Hilltop Holdings, Inc.		1,313		0.48	%		313
OneMain Holdings, Inc.		716		0.40	%		294
Enova International, Inc.		394		0.28	%		272
MetLife, Inc.		1,000		0.81	%		257
Everest Group Ltd.		95		0.42	%		210
Equity Commonwealth		3,563		0.80	%		139
Jackson Financial, Inc. — Class A		368		0.32	%		103
SiriusPoint Ltd.		1,416		0.20	%		49
Western Union Co.		2,562		0.36	%		(1,873	)
Travelers Companies, Inc.		194		0.46	%		(2,045	)
Assured Guaranty Ltd.		355		0.32	%		(2,804	)
Total Financial							56,984
Consumer, Non-cyclical
United Therapeutics Corp.		246		0.91	%		22,762
Merck & Company, Inc.		608		0.87	%		12,331
Innoviva, Inc.		3,648		0.69	%		9,681
Eli Lilly & Co.		17		0.18	%		5,443
Perdoceo Education Corp.		901		0.22	%		3,948
Amgen, Inc.		94		0.34	%		3,308
Heidrick & Struggles International, Inc.		546		0.20	%		2,835
Colgate-Palmolive Co.		642		0.72	%		2,256
Organon & Co.		787		0.19	%		2,252
Gilead Sciences, Inc.		1,110		0.88	%		2,107
Vertex Pharmaceuticals, Inc.		31		0.17	%		1,636
Alarm.com Holdings, Inc.		221		0.16	%		1,337
Neurocrine Biosciences, Inc.		507		0.81	%		1,029
Kimberly-Clark Corp.		515		0.83	%		940
Exelixis, Inc.		830		0.22	%		491
Stride, Inc.		348		0.28	%		357
Pacira BioSciences, Inc.		852		0.28	%		272
Catalyst Pharmaceuticals, Inc.		2,088		0.38	%		(58	)
LiveRamp Holdings, Inc.		439		0.16	%		(314	)
Biogen, Inc.		89		0.24	%		(381	)
Medtronic plc		182		0.17	%		(556	)
Quest Diagnostics, Inc.		97		0.15	%		(563	)
Pfizer, Inc.		468		0.15	%		(691	)
Bio-Rad Laboratories, Inc. — Class A		48		0.15	%		(739	)
Becton Dickinson & Co.		299		0.81	%		(802	)
United Rentals, Inc.		71		0.53	%		(1,440	)
Inmode Ltd.		789		0.17	%		(1,512	)
Zimmer Biomet Holdings, Inc.		369		0.46	%		(1,546	)
OraSure Technologies, Inc.		2,911		0.14	%		(1,621	)
Xencor, Inc.		587		0.13	%		(1,654	)
Royalty Pharma plc — Class A		1,566		0.48	%		(1,743	)
Philip Morris International, Inc.		710		0.84	%		(1,792	)
USANA Health Sciences, Inc.		540		0.28	%		(1,932	)
Centene Corp.		273		0.21	%		(2,421	)
Alkermes plc		952		0.27	%		(2,421	)
Collegium Pharmaceutical, Inc.		1,258		0.47	%		(2,717	)
ZipRecruiter, Inc. — Class A		2,158		0.23	%		(3,296	)
Johnson & Johnson		541		0.92	%		(3,337	)
Jazz Pharmaceuticals plc		488		0.60	%		(4,943	)
Molina Healthcare, Inc.		141		0.49	%		(5,829	)
Bristol-Myers Squibb Co.		1,732		0.84	%		(13,396	)
Total Consumer, Non-cyclical							17,281
Consumer, Cyclical
Allison Transmission Holdings, Inc.		661		0.58	%		9,571
KB Home		581		0.47	%		8,558
M/I Homes, Inc.		217		0.31	%		7,650
Lennar Corp. — Class A		428		0.74	%		6,104
Monarch Casino & Resort, Inc.		926		0.73	%		3,365
General Motors Co.		1,557		0.84	%		2,120
Gentex Corp.		1,289		0.50	%		1,816
Build-A-Bear Workshop, Inc. — Class A		642		0.19	%		909
Las Vegas Sands Corp.		775		0.40	%		614
Skechers USA, Inc. — Class A		410		0.33	%		545
Dillard’s, Inc. — Class A		53		0.27	%		387
Cummins, Inc.		251		0.81	%		(458	)
Toll Brothers, Inc.		180		0.24	%		(642	)
Ethan Allen Interiors, Inc.		651		0.21	%		(828	)
Buckle, Inc.		1,040		0.45	%		(1,113	)
Sonos, Inc.		1,130		0.19	%		(1,347	)
DR Horton, Inc.		203		0.33	%		(1,538	)
Visteon Corp.		262		0.32	%		(1,540	)
Movado Group, Inc.		1,450		0.42	%		(1,729	)
Steven Madden Ltd.		816		0.40	%		(1,752	)
Golden Entertainment, Inc.		531		0.19	%		(1,936	)
Dana, Inc.		1,502		0.21	%		(2,005	)
PulteGroup, Inc.		257		0.33	%		(2,014	)
PACCAR, Inc.		646		0.77	%		(2,234	)
Carter’s, Inc.		415		0.30	%		(2,471	)
BorgWarner, Inc.		1,457		0.55	%		(3,270	)
Meritage Homes Corp.		232		0.44	%		(3,375	)
MasterCraft Boat Holdings, Inc.		1,220		0.27	%		(3,494	)
Wabash National Corp.		887		0.22	%		(4,368	)
Polaris, Inc.		583		0.53	%		(4,736	)
GMS, Inc.		761		0.71	%		(5,933	)
Lear Corp.		565		0.75	%		(6,867	)
MSC Industrial Direct Company, Inc. — Class A		812		0.75	%		(8,045	)
Total Consumer, Cyclical							(20,056	)
Utilities
OGE Energy Corp.		1,904		0.79	%		3,730
National Fuel Gas Co.		1,216		0.76	%		3,409
Black Hills Corp.		1,241		0.78	%		2,105
ONE Gas, Inc.		1,101		0.82	%		1,664
Otter Tail Corp.		427		0.43	%		(882	)
New Jersey Resources Corp.		1,299		0.64	%		(1,606	)
WEC Energy Group, Inc.		852		0.78	%		(2,180	)
Avista Corp.		1,510		0.61	%		(2,314	)

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Percentage Notional Amount			Value and Unrealized Appreciation (Depreciation)
CMS Energy Corp.		1,112		0.77	%	$	(2,457	)
Total Utilities							1,469
Basic Materials
Cabot Corp.		224		0.24	%		(19	)
Sylvamo Corp.		305		0.24	%		(798	)
CF Industries Holdings, Inc.		365		0.31	%		(2,672	)
Olin Corp.		664		0.36	%		(2,795	)
Total Basic Materials							(6,284	)
Energy
Marathon Petroleum Corp.		232		0.47	%		9,143
Cheniere Energy, Inc.		314		0.64	%		7,044
EOG Resources, Inc.		367		0.54	%		2,191
Magnolia Oil & Gas Corp. — Class A		1,220		0.36	%		1,235
Valero Energy Corp.		303		0.55	%		972
HF Sinclair Corp.		956		0.59	%		(249	)
PBF Energy, Inc. — Class A		1,404		0.75	%		(943	)
Liberty Energy, Inc. — Class A		1,452		0.35	%		(1,453	)
Par Pacific Holdings, Inc.		573		0.17	%		(3,276	)
SandRidge Energy, Inc.		2,996		0.45	%		(3,567	)
CVR Energy, Inc.		2,537		0.79	%		(8,059	)
Total Energy							3,038
Government
Banco Latinoamericano de Comercio Exterior S.A. — Class E		1,225		0.42	%		7,714
Total GS Equity Long Custom Basket						$	322,680
GS EQUITY SHORT CUSTOM BASKET
Technology
Paycor HCM, Inc.		6,279		(0.90	)%		54,605
Dayforce, Inc.		1,942		(1.02	)%		25,243
Braze, Inc. — Class A		1,822		(0.75	)%		16,530
Take-Two Interactive Software, Inc.		761		(1.26	)%		(2,560	)
ACV Auctions, Inc. — Class A		4,944		(0.96	)%		(3,580	)
KBR, Inc.		2,069		(1.41	)%		(5,651	)
Parsons Corp.		1,736		(1.51	)%		(19,898	)
Total Technology							64,689
Utilities
AES Corp.		6,046		(1.13	)%		21,180
Middlesex Water Co.		2,379		(1.32	)%		8,446
PNM Resources, Inc.		3,370		(1.32	)%		(1,218	)
Total Utilities							28,408
Financial
Kennedy-Wilson Holdings, Inc.		12,498		(1.29	)%		61,584
New York Mortgage Trust, Inc.		16,441		(1.02	)%		32,308
Americold Realty Trust, Inc.		4,722		(1.28	)%		24,911
PotlatchDeltic Corp.		3,016		(1.26	)%		18,269
Marcus & Millichap, Inc.		4,168		(1.40	)%		17,113
Sun Communities, Inc.		1,094		(1.40	)%		11,578
Cannae Holdings, Inc.		4,825		(0.93	)%		11,078
Howard Hughes Holdings, Inc.		1,950		(1.34	)%		10,120
Terreno Realty Corp.		1,125		(0.71	)%		5,836
TFS Financial Corp.		9,990		(1.34	)%		5,575
Capitol Federal Financial, Inc.		16,579		(0.97	)%		5,021
Northern Trust Corp.		1,288		(1.15	)%		151
Global Net Lease, Inc.		3,432		(0.27	)%		(22	)
American Tower Corp. — Class A		179		(0.37	)%		(189	)
COPT Defense Properties		3,541		(0.94	)%		(850	)
Veris Residential, Inc.		5,319		(0.85	)%		(1,110	)
State Street Corp.		1,720		(1.35	)%		(1,168	)
Rexford Industrial Realty, Inc.		2,799		(1.33	)%		(1,248	)
Ventas, Inc.		1,397		(0.76	)%		(1,800	)
Air Lease Corp. — Class A		2,355		(1.19	)%		(2,099	)
Digital Realty Trust, Inc.		325		(0.53	)%		(2,155	)
Equinix, Inc.		109		(0.88	)%		(2,883	)
CBRE Group, Inc. — Class A		992		(0.94	)%		(2,919	)
Prologis, Inc.		723		(0.86	)%		(3,884	)
Redwood Trust, Inc.		16,256		(1.12	)%		(5,243	)
Bank of New York Mellon Corp.		2,163		(1.38	)%		(5,863	)
Apartment Investment and Management Co. — Class A		15,314		(1.35	)%		(8,869	)
Triumph Financial, Inc.		1,041		(0.91	)%		(9,440	)
Iron Mountain, Inc.		1,045		(1.00	)%		(10,904	)
Merchants Bancorp		1,699		(0.73	)%		(11,313	)
Elme Communities		8,416		(1.43	)%		(12,998	)
Welltower, Inc.		1,203		(1.33	)%		(21,177	)
FTAI Infrastructure, Inc.		10,386		(0.95	)%		(30,372	)
Total Financial							67,038
Consumer, Cyclical
Walgreens Boots Alliance, Inc.		6,335		(0.82	)%		64,374
Floor & Decor Holdings, Inc. — Class A		667		(0.71	)%		12,353
Camping World Holdings, Inc. — Class A		3,279		(0.62	)%		6,843
American Airlines Group, Inc.		2,875		(0.35	)%		5,952
Allegiant Travel Co. — Class A		1,469		(0.78	)%		4,784
Copart, Inc.		2,362		(1.36	)%		(690	)
Southwest Airlines Co.		1,507		(0.46	)%		(1,058	)
CarMax, Inc.		1,255		(0.98	)%		(2,759	)
VSE Corp.		733		(0.69	)%		(3,436	)
JetBlue Airways Corp.		11,329		(0.73	)%		(5,742	)
Freshpet, Inc.		525		(0.72	)%		(10,172	)
Total Consumer, Cyclical							70,449
Consumer, Non-cyclical
Flowers Foods, Inc.		5,595		(1.32	)%		8,002
Utz Brands, Inc.		2,683		(0.47	)%		7,710
Avis Budget Group, Inc.		388		(0.43	)%		4,885
CBIZ, Inc.		1,695		(1.34	)%		3,599
U-Haul Holding Co.		1,387		(0.91	)%		2,938
Limoneira Co.		2,555		(0.57	)%		2,055
Dun & Bradstreet Holdings, Inc.		3,842		(0.38	)%		1,020

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Percentage Notional Amount			Value and Unrealized Appreciation (Depreciation)
NeoGenomics, Inc.		3,602		(0.53	)%		(1,703	)
RB Global, Inc.		996		(0.81	)%		(2,273	)
GXO Logistics, Inc.		2,017		(1.08	)%		(2,945	)
Equifax, Inc.		538		(1.39	)%		(5,477	)
TransUnion		953		(0.75	)%		(6,131	)
Spectrum Brands Holdings, Inc.		1,326		(1.21	)%		(11,637	)
Total Consumer, Non-cyclical							43
Energy
Dril-Quip, Inc.		4,315		(0.85	)%		16,068
Range Resources Corp.		1,876		(0.67	)%		5,684
Oceaneering International, Inc.		3,640		(0.92	)%		(3,152	)
Sitio Royalties Corp. — Class A		2,970		(0.75	)%		(3,695	)
Valaris Ltd.		1,797		(1.42	)%		(8,953	)
NOV, Inc.		7,411		(1.50	)%		(11,151	)
Antero Resources Corp.		3,796		(1.32	)%		(12,994	)
Bristow Group, Inc.		2,178		(0.78	)%		(13,392	)
Helix Energy Solutions Group, Inc.		6,702		(0.85	)%		(13,730	)
TechnipFMC plc		4,028		(1.12	)%		(21,688	)
Archrock, Inc.		3,589		(0.77	)%		(23,923	)
Total Energy							(90,926	)
Industrial
Norfolk Southern Corp.		571		(1.30	)%		15,291
Old Dominion Freight Line, Inc.		407		(0.76	)%		13,695
Knight-Swift Transportation Holdings, Inc.		2,738		(1.45	)%		6,625
XPO, Inc.		329		(0.37	)%		5,965
Boeing Co.		410		(0.79	)%		5,703
Xylem, Inc.		919		(1.33	)%		3,092
Union Pacific Corp.		509		(1.23	)%		3,066
Genco Shipping & Trading Ltd.		1,662		(0.38	)%		2,027
Werner Enterprises, Inc.		2,101		(0.80	)%		1,650
CSX Corp.		1,790		(0.64	)%		514
NV5 Global, Inc.		450		(0.45	)%		(344	)
Ryder System, Inc.		248		(0.33	)%		(858	)
GATX Corp.		974		(1.37	)%		(4,474	)
Covenant Logistics Group, Inc. — Class A		1,344		(0.70	)%		(4,532	)
Waste Management, Inc.		597		(1.35	)%		(5,985	)
Saia, Inc.		87		(0.44	)%		(6,027	)
Expeditors International of Washington, Inc.		745		(0.99	)%		(7,369	)
Casella Waste Systems, Inc. — Class A		1,319		(1.39	)%		(20,116	)
RXO, Inc.		6,272		(1.74	)%		(28,491	)
Total Industrial							(20,568	)
Communications
Boston Omaha Corp. — Class A		4,429		(0.63	)%		6,705
Uber Technologies, Inc.		1,220		(0.94	)%		(8,195	)
Total Communications							(1,490	)
Basic Materials
Compass Minerals International, Inc.		2,999		(0.33	)%		35,224
Novagold Resources, Inc.		14,083		(0.52	)%		8,484
Hecla Mining Co.		7,163		(0.37	)%		3,134
Huntsman Corp.		4,024		(0.97	)%		3,084
Ivanhoe Electric Incorporated / US		6,098		(0.61	)%		2,865
Newmont Corp.		1,400		(0.62	)%		(1,447	)
Kronos Worldwide, Inc.		5,240		(0.70	)%		(17,335	)
Total Basic Materials							34,009
Total GS Equity Short Custom Basket						$	151,652

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

MS EQUITY LONG CUSTOM BASKET
	Shares		Percentage Notional Amount			Value and Unrealized Appreciation (Depreciation)
Industrial
Mueller Industries, Inc.		998		0.74	%	$	26,213
International Seaways, Inc.		1,091		0.75	%		17,715
Apogee Enterprises, Inc.		1,106		0.81	%		15,467
Scorpio Tankers, Inc.		599		0.57	%		15,286
Teekay Tankers Ltd. — Class A		726		0.58	%		13,761
Teekay Corp.		6,231		0.65	%		13,387
Boise Cascade Co.		369		0.51	%		13,169
Owens Corning		225		0.45	%		11,786
Ardmore Shipping Corp.		1,038		0.27	%		10,876
Snap-on, Inc.		186		0.56	%		4,960
UFP Industries, Inc.		410		0.53	%		2,896
TD SYNNEX Corp.		534		0.72	%		2,852
Applied Industrial Technologies, Inc.		279		0.63	%		1,858
Lindsay Corp.		221		0.32	%		1,326
Masco Corp.		379		0.29	%		920
AZZ, Inc.		345		0.31	%		642
Caterpillar, Inc.		174		0.67	%		209
Garmin Ltd.		173		0.33	%		(156	)
A O Smith Corp.		524		0.50	%		(175	)
Watts Water Technologies, Inc. — Class A		80		0.17	%		(681	)
Atkore, Inc.		210		0.33	%		(697	)
Mettler-Toledo International, Inc.		25		0.41	%		(980	)
Berry Global Group, Inc.		625		0.43	%		(1,361	)
Oshkosh Corp.		245		0.31	%		(1,557	)
Vishay Intertechnology, Inc.		2,901		0.75	%		(1,661	)
Griffon Corp.		406		0.30	%		(2,023	)
Deere & Co.		74		0.32	%		(2,026	)
Kennametal, Inc.		1,213		0.33	%		(2,080	)
Worthington Enterprises, Inc.		332		0.18	%		(2,287	)
Vontier Corp.		1,742		0.77	%		(2,529	)
AGCO Corp.		160		0.18	%		(2,704	)
Terex Corp.		509		0.32	%		(2,727	)
Timken Co.		349		0.32	%		(3,340	)
Acuity Brands, Inc.		264		0.74	%		(3,379	)
Avnet, Inc.		1,278		0.76	%		(3,470	)
Dorian LPG Ltd.		546		0.27	%		(4,430	)
Sonoco Products Co.		1,126		0.66	%		(6,572	)
Total Industrial							108,488
Communications
Alphabet, Inc. — Class C		359		0.76	%		36,313
InterDigital, Inc.		592		0.80	%		20,297
Meta Platforms, Inc. — Class A		78		0.46	%		16,520
Amazon.com, Inc.		279		0.63	%		15,006
AT&T, Inc.		3,986		0.88	%		14,636
IDT Corp. — Class B		1,739		0.73	%		14,248
Verizon Communications, Inc.		1,786		0.86	%		12,819
T-Mobile US, Inc.		397		0.81	%		8,043
eBay, Inc.		951		0.59	%		3,285
Anterix, Inc.		687		0.32	%		2,772
Cisco Systems, Inc.		1,630		0.90	%		1,610
Yelp, Inc. — Class A		1,919		0.82	%		1,440
Gogo, Inc.		4,035		0.45	%		1,273
Ciena Corp.		508		0.28	%		(215	)
Fox Corp. — Class B		2,134		0.79	%		(488	)
Spok Holdings, Inc.		2,586		0.44	%		(1,270	)
TEGNA, Inc.		3,592		0.58	%		(1,548	)
Ooma, Inc.		3,167		0.37	%		(2,000	)
Total Communications							142,741
Technology
Microsoft Corp.		293		1.52	%		57,525
Apple, Inc.		533		1.30	%		51,268
NVIDIA Corp.		610		0.87	%		43,740
Immersion Corp.		3,123		0.34	%		8,083
NetApp, Inc.		314		0.47	%		7,663
International Business Machines Corp.		229		0.46	%		6,904
Applied Materials, Inc.		62		0.17	%		6,353
Amkor Technology, Inc.		812		0.38	%		6,125
Playtika Holding Corp.		1,995		0.18	%		2,041
Clear Secure, Inc. — Class A		1,376		0.30	%		1,836
Qualys, Inc.		261		0.43	%		1,735
Cirrus Logic, Inc.		162		0.24	%		1,700
Adeia, Inc.		1,339		0.17	%		884
Pure Storage, Inc. — Class A		225		0.17	%		231
DocuSign, Inc.		262		0.16	%		(66	)
IPG Photonics Corp.		260		0.25	%		(623	)
Cognizant Technology Solutions Corp. — Class A		346		0.27	%		(905	)
QUALCOMM, Inc.		118		0.27	%		(1,491	)
Photronics, Inc.		562		0.16	%		(1,824	)
Dropbox, Inc. — Class A		3,176		0.83	%		(1,924	)
Teradata Corp.		484		0.19	%		(2,098	)
Zoom Video Communications, Inc. — Class A		1,106		0.76	%		(4,618	)
Amdocs Ltd.		893		0.82	%		(5,425	)
Total Technology							177,114
Financial
MGIC Investment Corp.		3,226		0.81	%		22,188
Essent Group Ltd.		1,203		0.78	%		15,426
Synchrony Financial		963		0.53	%		8,411
International Bancshares Corp.		514		0.34	%		7,150
Preferred Bank/Los Angeles CA		622		0.55	%		6,281
Enact Holdings, Inc.		2,256		0.80	%		5,128
Innovative Industrial Properties, Inc.		259		0.33	%		4,484
NMI Holdings, Inc. — Class A		963		0.38	%		4,232
National Storage Affiliates Trust		1,278		0.61	%		3,634
Janus Henderson Group plc		2,072		0.81	%		3,069
Loews Corp.		920		0.80	%		2,215
Affiliated Managers Group, Inc.		134		0.24	%		1,924
Citigroup, Inc.		621		0.46	%		1,311
Markel Group, Inc.		18		0.33	%		1,209
Sunstone Hotel Investors, Inc.		4,015		0.49	%		1,040

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Percentage Notional Amount			Value and Unrealized Appreciation (Depreciation)
Central Pacific Financial Corp.		1,593		0.39	%	$	962
Cullen/Frost Bankers, Inc.		272		0.32	%		660
Ally Financial, Inc.		896		0.41	%		609
Westamerica BanCorp		481		0.27	%		325
OneMain Holdings, Inc.		716		0.40	%		318
Hilltop Holdings, Inc.		1,313		0.48	%		317
Enova International, Inc.		394		0.28	%		290
Everest Group Ltd.		95		0.42	%		215
Equity Commonwealth		3,563		0.80	%		124
MetLife, Inc.		1,000		0.81	%		61
Jackson Financial, Inc. — Class A		368		0.32	%		12
SiriusPoint Ltd.		1,416		0.20	%		(84	)
Western Union Co.		2,562		0.36	%		(1,966	)
Travelers Companies, Inc.		194		0.46	%		(2,056	)
Assured Guaranty Ltd.		355		0.32	%		(2,750	)
Total Financial							84,739
Consumer, Non-cyclical
United Therapeutics Corp.		246		0.91	%		22,696
Merck & Company, Inc.		608		0.87	%		12,306
Innoviva, Inc.		3,648		0.69	%		10,210
Perdoceo Education Corp.		901		0.22	%		9,908
Eli Lilly & Co.		17		0.18	%		5,454
Amgen, Inc.		94		0.34	%		3,321
Heidrick & Struggles International, Inc.		546		0.20	%		2,829
Organon & Co.		787		0.19	%		2,310
Colgate-Palmolive Co.		642		0.72	%		2,237
Gilead Sciences, Inc.		1,110		0.88	%		2,081
Vertex Pharmaceuticals, Inc.		31		0.17	%		1,632
Neurocrine Biosciences, Inc.		507		0.81	%		1,305
Alarm.com Holdings, Inc.		221		0.16	%		1,301
Kimberly-Clark Corp.		515		0.83	%		936
Exelixis, Inc.		830		0.22	%		513
Stride, Inc.		348		0.28	%		331
Pacira BioSciences, Inc.		852		0.28	%		307
Catalyst Pharmaceuticals, Inc.		2,088		0.38	%		(2	)
LiveRamp Holdings, Inc.		439		0.16	%		(263	)
Biogen, Inc.		89		0.24	%		(378	)
Quest Diagnostics, Inc.		97		0.15	%		(555	)
Medtronic plc		182		0.17	%		(559	)
Pfizer, Inc.		468		0.15	%		(683	)
Becton Dickinson & Co.		299		0.81	%		(698	)
Bio-Rad Laboratories, Inc. — Class A		48		0.15	%		(716	)
United Rentals, Inc.		71		0.53	%		(1,420	)
Inmode Ltd.		789		0.17	%		(1,512	)
Zimmer Biomet Holdings, Inc.		369		0.46	%		(1,548	)
Xencor, Inc.		587		0.13	%		(1,579	)
OraSure Technologies, Inc.		2,911		0.14	%		(1,712	)
Royalty Pharma plc — Class A		1,566		0.48	%		(1,751	)
Philip Morris International, Inc.		710		0.84	%		(1,797	)
USANA Health Sciences, Inc.		540		0.28	%		(1,873	)
Alkermes plc		952		0.27	%		(2,411	)
Centene Corp.		273		0.21	%		(2,412	)
Collegium Pharmaceutical, Inc.		1,258		0.47	%		(2,728	)
ZipRecruiter, Inc. — Class A		2,158		0.23	%		(3,231	)
Johnson & Johnson		541		0.92	%		(3,325	)
Jazz Pharmaceuticals plc		488		0.60	%		(4,961	)
Molina Healthcare, Inc.		141		0.49	%		(5,875	)
Bristol-Myers Squibb Co.		1,732		0.84	%		(18,341	)
Total Consumer, Non-cyclical							19,347
Consumer, Cyclical
Allison Transmission Holdings, Inc.		661		0.58	%		22,897
KB Home		581		0.47	%		8,547
M/I Homes, Inc.		217		0.31	%		7,653
Lennar Corp. — Class A		428		0.74	%		6,176
Monarch Casino & Resort, Inc.		926		0.73	%		3,396
General Motors Co.		1,557		0.84	%		2,147
Gentex Corp.		1,289		0.50	%		1,862
Build-A-Bear Workshop, Inc. — Class A		642		0.19	%		879
Skechers USA, Inc. — Class A		410		0.33	%		531
Las Vegas Sands Corp.		775		0.40	%		517
Dillard’s, Inc. — Class A		53		0.27	%		280
Cummins, Inc.		251		0.81	%		(500	)
Toll Brothers, Inc.		180		0.24	%		(668	)
Ethan Allen Interiors, Inc.		651		0.21	%		(821	)
Buckle, Inc.		1,040		0.45	%		(1,189	)
Sonos, Inc.		1,130		0.19	%		(1,399	)
DR Horton, Inc.		203		0.33	%		(1,473	)
Visteon Corp.		262		0.32	%		(1,537	)
Steven Madden Ltd.		816		0.40	%		(1,776	)
Movado Group, Inc.		1,450		0.42	%		(1,949	)
Dana, Inc.		1,502		0.21	%		(1,967	)
Golden Entertainment, Inc.		531		0.19	%		(1,973	)
PulteGroup, Inc.		257		0.33	%		(1,989	)
PACCAR, Inc.		646		0.77	%		(2,251	)
Carter’s, Inc.		415		0.30	%		(2,432	)
BorgWarner, Inc.		1,457		0.55	%		(3,380	)
Meritage Homes Corp.		232		0.44	%		(3,439	)
MasterCraft Boat Holdings, Inc.		1,220		0.27	%		(3,478	)
Wabash National Corp.		887		0.22	%		(4,437	)
Polaris, Inc.		583		0.53	%		(4,667	)
GMS, Inc.		761		0.71	%		(5,874	)
Lear Corp.		565		0.75	%		(6,907	)
MSC Industrial Direct Company, Inc. — Class A		812		0.75	%		(8,077	)
Total Consumer, Cyclical							(7,298	)
Utilities
National Fuel Gas Co.		1,216		0.76	%		3,958
OGE Energy Corp.		1,904		0.79	%		3,896
Black Hills Corp.		1,241		0.78	%		2,338
ONE Gas, Inc.		1,101		0.82	%		1,764
Otter Tail Corp.		427		0.43	%		(857	)
New Jersey Resources Corp.		1,299		0.64	%		(1,525	)
Avista Corp.		1,510		0.61	%		(2,247	)
WEC Energy Group, Inc.		852		0.78	%		(2,265	)

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Percentage Notional Amount			Value and Unrealized Appreciation (Depreciation)
CMS Energy Corp.		1,112		0.77	%	$	(2,448	)
Total Utilities							2,614
Basic Materials
Cabot Corp.		224		0.24	%		(58	)
Sylvamo Corp.		305		0.24	%		(801	)
CF Industries Holdings, Inc.		365		0.31	%		(2,640	)
Olin Corp.		664		0.36	%		(2,790	)
Total Basic Materials							(6,289	)
Energy
Marathon Petroleum Corp.		232		0.47	%		14,788
Cheniere Energy, Inc.		314		0.64	%		6,790
EOG Resources, Inc.		367		0.54	%		2,147
PBF Energy, Inc. — Class A		1,404		0.75	%		1,768
Magnolia Oil & Gas Corp. — Class A		1,220		0.36	%		1,275
Valero Energy Corp.		303		0.55	%		900
HF Sinclair Corp.		956		0.59	%		(342	)
Liberty Energy, Inc. — Class A		1,452		0.35	%		(1,339	)
Par Pacific Holdings, Inc.		573		0.17	%		(3,237	)
SandRidge Energy, Inc.		2,996		0.45	%		(3,554	)
CVR Energy, Inc.		2,537		0.79	%		(7,930	)
Total Energy							11,266
Government
Banco Latinoamericano de Comercio Exterior S.A. — Class E		1,225		0.42	%		7,950
Total MS Equity Long Custom Basket						$	540,672

MS EQUITY SHORT CUSTOM BASKET
Technology
Paycor HCM, Inc.	6,279	(0.82	)%	55,638
Dayforce, Inc.	1,942	(1.01	)%	25,438
Privia Health Group, Inc.	6,256	(1.14	)%	20,104
Braze, Inc. — Class A	1,822	(0.74	)%	16,404
Take-Two Interactive Software, Inc.	761	(1.24	)%	(2,529	)
ACV Auctions, Inc. — Class A	4,944	(0.95	)%	(3,688	)
KBR, Inc.	2,069	(1.40	)%	(5,591	)
Parsons Corp.	1,736	(1.49	)%	(19,798	)
Total Technology				85,978
Utilities
AES Corp.	6,046	(1.12	)%	20,456
Middlesex Water Co.	2,379	(1.31	)%	8,391
PNM Resources, Inc.	3,370	(1.31	)%	(1,371	)
Total Utilities				27,476
Financial
Kennedy-Wilson Holdings, Inc.	12,498	(1.28	)%	61,850
Sun Communities, Inc.	1,094	(1.38	)%	36,022
New York Mortgage Trust, Inc.	16,441	(1.01	)%	32,408
Americold Realty Trust, Inc.	4,722	(1.27	)%	30,597
PotlatchDeltic Corp.	3,016	(1.25	)%	18,143
Marcus & Millichap, Inc.	4,168	(1.38	)%	17,194
Cannae Holdings, Inc.	4,825	(0.92	)%	11,171
Howard Hughes Holdings, Inc.	1,950	(1.33	)%	10,285
Equinix, Inc.	109	(0.87	)%	8,623
Terreno Realty Corp.	1,125	(0.70	)%	5,307
Capitol Federal Financial, Inc.	16,579	(0.96	)%	5,044
TFS Financial Corp.	9,990	(1.33	)%	4,122
Northern Trust Corp.	1,288	(1.14	)%	170
Global Net Lease, Inc.	3,432	(0.27	)%	(73	)
American Tower Corp. — Class A	179	(0.37	)%	(227	)
COPT Defense Properties	3,541	(0.93	)%	(892	)
Rexford Industrial Realty, Inc.	2,799	(1.31	)%	(929	)
Veris Residential, Inc.	5,319	(0.84	)%	(1,116	)
State Street Corp.	1,720	(1.34	)%	(1,129	)
Air Lease Corp. — Class A	2,355	(1.18	)%	(1,686	)
Ventas, Inc.	1,397	(0.75	)%	(1,975	)
Digital Realty Trust, Inc.	325	(0.52	)%	(2,178	)
CBRE Group, Inc. — Class A	992	(0.93	)%	(2,667	)
Prologis, Inc.	723	(0.85	)%	(3,939	)
Redwood Trust, Inc.	16,256	(1.11	)%	(5,170	)
Bank of New York Mellon Corp.	2,163	(1.36	)%	(5,798	)
Apartment Investment and Management Co. — Class A	15,314	(1.34	)%	(8,832	)
Triumph Financial, Inc.	1,041	(0.89	)%	(9,626	)
Iron Mountain, Inc.	1,045	(0.98	)%	(10,992	)
Merchants Bancorp	1,699	(0.72	)%	(11,411	)
Elme Communities	8,416	(1.41	)%	(12,939	)
Welltower, Inc.	1,203	(1.32	)%	(21,202	)
FTAI Infrastructure, Inc.	10,386	(0.94	)%	(30,259	)
Total Financial				107,896
Consumer, Cyclical
Walgreens Boots Alliance, Inc.	6,335	(0.81	)%	64,228
Floor & Decor Holdings, Inc. — Class A	667	(0.70	)%	12,805
Camping World Holdings, Inc. — Class A	3,279	(0.62	)%	7,013
American Airlines Group, Inc.	2,875	(0.34	)%	5,944
Allegiant Travel Co. — Class A	1,469	(0.78	)%	4,898
Copart, Inc.	2,362	(1.35	)%	(560	)
Southwest Airlines Co.	1,507	(0.45	)%	(960	)
CarMax, Inc.	1,255	(0.97	)%	(2,797	)
VSE Corp.	733	(0.68	)%	(3,481	)
JetBlue Airways Corp.	11,329	(0.73	)%	(5,668	)
Freshpet, Inc.	525	(0.71	)%	(10,384	)
Total Consumer, Cyclical				71,038
Consumer, Non-cyclical
Flowers Foods, Inc.	5,595	(1.31	)%	7,928
Avis Budget Group, Inc.	388	(0.43	)%	5,003
CBIZ, Inc.	1,695	(1.32	)%	3,273
U-Haul Holding Co.	1,387	(0.90	)%	2,794
Utz Brands, Inc.	2,683	(0.47	)%	1,841
Dun & Bradstreet Holdings, Inc.	3,842	(0.37	)%	1,188
Limoneira Co.	2,555	(0.56	)%	722

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Percentage Notional Amount			Value and Unrealized Appreciation (Depreciation)
NeoGenomics, Inc.		3,602		(0.53	)%		(1,741	)
RB Global, Inc.		996		(0.80	)%		(2,120	)
GXO Logistics, Inc.		2,017		(1.07	)%		(3,550	)
Equifax, Inc.		538		(1.37	)%		(5,438	)
TransUnion		953		(0.74	)%		(6,049	)
Spectrum Brands Holdings, Inc.		1,326		(1.20	)%		(11,467	)
Total Consumer, Non-cyclical							(7,616	)
Energy
Dril-Quip, Inc.		4,315		(0.84	)%		16,153
Range Resources Corp.		1,876		(0.66	)%		5,617
Oceaneering International, Inc.		3,640		(0.91	)%		(3,296	)
Sitio Royalties Corp. — Class A		2,970		(0.74	)%		(3,674	)
Valaris Ltd.		1,797		(1.41	)%		(9,058	)
NOV, Inc.		7,411		(1.48	)%		(11,107	)
Antero Resources Corp.		3,796		(1.30	)%		(12,954	)
Bristow Group, Inc.		2,178		(0.77	)%		(13,377	)
Helix Energy Solutions Group, Inc.		6,702		(0.84	)%		(13,802	)
TechnipFMC plc		4,028		(1.11	)%		(21,665	)
Archrock, Inc.		3,589		(0.76	)%		(23,959	)
Total Energy							(91,122	)
Industrial
Norfolk Southern Corp.		571		(1.29	)%		15,385
Old Dominion Freight Line, Inc.		407		(0.76	)%		13,559
Knight-Swift Transportation Holdings, Inc.		2,738		(1.44	)%		6,612
XPO, Inc.		329		(0.37	)%		5,699
Boeing Co.		410		(0.78	)%		5,677
Xylem, Inc.		919		(1.31	)%		3,322
Union Pacific Corp.		509		(1.21	)%		3,111
Genco Shipping & Trading Ltd.		1,662		(0.37	)%		2,081
Werner Enterprises, Inc.		2,101		(0.79	)%		1,720
CSX Corp.		1,790		(0.63	)%		591
NV5 Global, Inc.		450		(0.44	)%		(350	)
Ryder System, Inc.		248		(0.32	)%		(841	)
GATX Corp.		974		(1.36	)%		(4,419	)
Covenant Logistics Group, Inc. — Class A		1,344		(0.70	)%		(4,561	)
Waste Management, Inc.		597		(1.34	)%		(5,964	)
Saia, Inc.		87		(0.43	)%		(6,065	)
Expeditors International of Washington, Inc.		745		(0.98	)%		(7,118	)
Casella Waste Systems, Inc. — Class A		1,319		(1.38	)%		(21,360	)
RXO, Inc.		6,272		(1.72	)%		(28,167	)
Total Industrial							(21,088	)
Communications
Boston Omaha Corp. — Class A		4,429		(0.63	)%		6,885
Uber Technologies, Inc.		1,220		(0.93	)%		(8,250	)
Total Communications							(1,365	)
Basic Materials
Compass Minerals International, Inc.		2,999		(0.33	)%		35,443
Hecla Mining Co.		7,163		(0.37	)%		9,011
Novagold Resources, Inc.		14,083		(0.51	)%		8,508
Huntsman Corp.		4,024		(0.96	)%		3,806
Ivanhoe Electric Incorporated / US		6,098		(0.60	)%		2,697
Newmont Corp.		1,400		(0.62	)%		(1,505	)
Kronos Worldwide, Inc.		5,240		(0.69	)%		(17,185	)
Total Basic Materials							40,775
Total MS Equity Short Custom Basket						$	211,972

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

*	Non-income producing security.
**	A copy of each underlying unaffiliated fund’s financial statements is available at the SEC’s website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is pledged as equity custom basket swap collateral at June 30, 2024.
2	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
3	Rate indicated is the 7-day yield as of June 30, 2024.
4	Securities lending collateral — See Note 5.

GS — Goldman Sachs International

MS — Morgan Stanley Capital Services LLC

plc — Public Limited Company

REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	15,276,975	$	—	$	—	$	15,276,975
Money Market Fund		35,556		—		—		35,556
Securities Lending Collateral		14,537		—		—		14,537
Equity Custom Basket Swap Agreements**		—		1,226,976		—		1,226,976
Total Assets	$	15,327,068	$	1,226,976	$	—	$	16,554,044

** This derivative is reported as unrealized appreciation/depreciation at period end.

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 82.0%
Industrial - 18.8%
Carlisle Companies, Inc.		190	$	76,990
EMCOR Group, Inc.		188		68,635
Lennox International, Inc.		128		68,477
Owens Corning		347		60,281
Graco, Inc.		677		53,672
nVent Electric plc		665		50,946
Saia, Inc.*		106		50,275
XPO, Inc.*		466		49,466
TopBuild Corp.*		126		48,544
AECOM		545		48,036
Clean Harbors, Inc.*		201		45,456
Advanced Drainage Systems, Inc.		273		43,786
Tetra Tech, Inc.		214		43,759
Comfort Systems USA, Inc.		142		43,185
Lincoln Electric Holdings, Inc.		228		43,010
ITT, Inc.		330		42,629
Woodward, Inc.		244		42,549
Curtiss-Wright Corp.		153		41,460
Toro Co.		418		39,087
Coherent Corp.*		531		38,476
AptarGroup, Inc.		265		37,315
Universal Display Corp.		175		36,794
Regal Rexnord Corp.		266		35,969
TD SYNNEX Corp.		311		35,889
Crown Holdings, Inc.		477		35,484
BWX Technologies, Inc.		366		34,770
Donaldson Company, Inc.		482		34,492
Fortune Brands Innovations, Inc.		501		32,535
Knight-Swift Transportation Holdings, Inc.		647		32,298
Graphic Packaging Holding Co.		1,231		32,265
Trex Company, Inc.*		435		32,242
Cognex Corp.		687		32,124
RBC Bearings, Inc.*		116		31,295
Eagle Materials, Inc.		138		30,009
Applied Industrial Technologies, Inc.		154		29,876
Fluor Corp.*		686		29,875
Acuity Brands, Inc.		122		29,456
Crane Co.		197		28,561
Simpson Manufacturing Company, Inc.		169		28,482
Oshkosh Corp.		261		28,240
Kirby Corp.*		233		27,897
MSA Safety, Inc.		148		27,778
UFP Industries, Inc.		247		27,664
Berry Global Group, Inc.		458		26,953
Landstar System, Inc.		143		26,380
Middleby Corp.*		215		26,361
MasTec, Inc.*		243		25,999
Arrow Electronics, Inc.*		213		25,722
Flowserve Corp.		527		25,349
Littelfuse, Inc.		99		25,303
AGCO Corp.		248		24,274
Chart Industries, Inc.*		168		24,249
AAON, Inc.		273		23,817
Vontier Corp.		618		23,608
Novanta, Inc.*		144		23,488
NEXTracker, Inc. — Class A*		490		22,971
Sensata Technologies Holding plc		604		22,584
Valmont Industries, Inc.		80		21,956
Ryder System, Inc.		176		21,803
Stericycle, Inc.*		372		21,624
Esab Corp.		227		21,436
Louisiana-Pacific Corp.		255		20,994
Hexcel Corp.		333		20,796
Timken Co.		259		20,754
MDU Resources Group, Inc.		816		20,482
Watts Water Technologies, Inc. — Class A		110		20,171
Sonoco Products Co.		394		19,984
Exponent, Inc.		203		19,310
GATX Corp.		142		18,795
Avnet, Inc.		362		18,639
EnerSys		162		16,770
Knife River Corp.*		227		15,922
Belden, Inc.		163		15,289
Terex Corp.		270		14,807
Silgan Holdings, Inc.		325		13,757
Vishay Intertechnology, Inc.		501		11,172
Greif, Inc. — Class A		103		5,919
Total Industrial				2,437,467
Financial - 18.2%
Reinsurance Group of America, Inc. — Class A		263		53,986
Interactive Brokers Group, Inc. — Class A		429		52,595
Fidelity National Financial, Inc.		1,040		51,397
Equitable Holdings, Inc.		1,224		50,013
Gaming and Leisure Properties, Inc. REIT		1,087		49,143
Equity LifeStyle Properties, Inc. REIT		747		48,652
WP Carey, Inc. REIT		876		48,224
American Homes 4 Rent — Class A REIT		1,289		47,899
RenaissanceRe Holdings Ltd.		212		47,384
Ally Financial, Inc.		1,095		43,439
Lamar Advertising Co. — Class A REIT		351		41,955
East West Bancorp, Inc.		557		40,789
CubeSmart REIT		901		40,698
Jones Lang LaSalle, Inc.*		190		39,003
Rexford Industrial Realty, Inc. REIT		870		38,793
Annaly Capital Management, Inc. REIT		2,004		38,196
Unum Group		713		36,441
Erie Indemnity Co. — Class A		99		35,878
Carlyle Group, Inc.		865		34,730
First Horizon Corp.		2,190		34,536
Stifel Financial Corp.		410		34,502
Kinsale Capital Group, Inc.		89		34,290
Omega Healthcare Investors, Inc. REIT		990		33,908
Jefferies Financial Group, Inc.		679		33,787
EastGroup Properties, Inc. REIT		192		32,659
Primerica, Inc.		138		32,648
American Financial Group, Inc.		262		32,231

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 82.0% (continued)
Financial - 18.2% (continued)
Old Republic International Corp.		1,012	$	31,271
NNN REIT, Inc.		734		31,269
Webster Financial Corp.		686		29,903
Evercore, Inc. — Class A		142		29,597
Voya Financial, Inc.		403		28,673
Houlihan Lokey, Inc.		210		28,321
Brixmor Property Group, Inc. REIT		1,206		27,847
Commerce Bancshares, Inc.		472		26,328
STAG Industrial, Inc. REIT		729		26,288
Cullen/Frost Bankers, Inc.		257		26,119
SEI Investments Co.		400		25,876
Zions Bancorp North America		591		25,632
First Industrial Realty Trust, Inc. REIT		530		25,180
Healthcare Realty Trust, Inc. REIT		1,516		24,984
Agree Realty Corp. REIT		402		24,900
Pinnacle Financial Partners, Inc.		306		24,492
Wintrust Financial Corp.		247		24,344
Essent Group Ltd.		427		23,993
Ryan Specialty Holdings, Inc.		410		23,743
Synovus Financial Corp.		586		23,551
Prosperity Bancshares, Inc.		384		23,478
SouthState Corp.		305		23,308
MGIC Investment Corp.		1,068		23,015
Selective Insurance Group, Inc.		243		22,801
Starwood Property Trust, Inc. REIT		1,202		22,766
RLI Corp.		161		22,651
First American Financial Corp.		415		22,389
Old National Bancorp		1,265		21,746
Cadence Bank		732		20,701
Affiliated Managers Group, Inc.		127		19,841
FNB Corp.		1,440		19,699
Kite Realty Group Trust REIT		880		19,695
SLM Corp.		880		18,295
Hanover Insurance Group, Inc.		144		18,063
Home BancShares, Inc.		746		17,874
United Bankshares, Inc.		540		17,518
Bank OZK		423		17,343
Janus Henderson Group plc		514		17,327
Glacier Bancorp, Inc.		454		16,943
Vornado Realty Trust REIT		641		16,852
Independence Realty Trust, Inc. REIT		899		16,847
Columbia Banking System, Inc.		838		16,668
Hancock Whitney Corp.		347		16,597
Western Union Co.		1,354		16,546
Rayonier, Inc. REIT		548		15,941
First Financial Bankshares, Inc.		515		15,208
UMB Financial Corp.		176		14,682
Kemper Corp.		242		14,358
Sabra Health Care REIT, Inc.		926		14,260
Cousins Properties, Inc. REIT		609		14,098
Kilroy Realty Corp. REIT		428		13,341
EPR Properties REIT		302		12,678
Park Hotels & Resorts, Inc. REIT		843		12,628
Associated Banc-Corp.		594		12,563
PotlatchDeltic Corp. REIT		318		12,526
International Bancshares Corp.		214		12,243
CNO Financial Group, Inc.		434		12,030
Valley National Bancorp		1,713		11,957
National Storage Affiliates Trust REIT		279		11,500
Texas Capital Bancshares, Inc.*		187		11,433
COPT Defense Properties REIT		450		11,264
Brighthouse Financial, Inc.*		249		10,792
Federated Hermes, Inc. — Class B		321		10,554
New York Community Bancorp, Inc.		3,122		10,053
Total Financial				2,363,159
Consumer, Non-cyclical - 13.5%
Illumina, Inc.*		634		66,182
BioMarin Pharmaceutical, Inc.*		756		62,241
Sarepta Therapeutics, Inc.*		379		59,882
United Therapeutics Corp.*		178		56,702
RB Global, Inc.		732		55,896
Neurocrine Biosciences, Inc.*		403		55,481
Tenet Healthcare Corp.*		391		52,015
US Foods Holding Corp.*		905		47,947
elf Beauty, Inc.*		222		46,780
Service Corporation International		583		41,469
Performance Food Group Co.*		622		41,120
Medpace Holdings, Inc.*		94		38,714
Encompass Health Corp.		403		34,573
Celsius Holdings, Inc.*		597		34,083
Sprouts Farmers Market, Inc.*		402		33,631
Chemed Corp.		61		33,097
Globus Medical, Inc. — Class A*		451		30,889
Morningstar, Inc.		104		30,768
H&R Block, Inc.		559		30,315
FTI Consulting, Inc.*		140		30,174
Ingredion, Inc.		262		30,051
HealthEquity, Inc.*		348		29,998
BellRing Brands, Inc.*		522		29,827
WEX, Inc.*		168		29,760
Penumbra, Inc.*		155		27,895
Jazz Pharmaceuticals plc*		252		26,896
Halozyme Therapeutics, Inc.*		510		26,704
Exelixis, Inc.*		1,167		26,223
Repligen Corp.*		208		26,221
Acadia Healthcare Company, Inc.*		372		25,125
Bruker Corp.		390		24,886
Cytokinetics, Inc.*		459		24,869
GXO Logistics, Inc.*		478		24,139
Darling Ingredients, Inc.*		640		23,520
Paylocity Holding Corp.*		174		22,942
Masimo Corp.*		179		22,543
Valvoline, Inc.*		516		22,291
Lantheus Holdings, Inc.*		277		22,240
Post Holdings, Inc.*		201		20,936
Dentsply Sirona, Inc.		832		20,725
Coca-Cola Consolidated, Inc.		19		20,615
Option Care Health, Inc.*		696		19,279
Brink’s Co.		178		18,227
Euronet Worldwide, Inc.*		175		18,112
Flowers Foods, Inc.		769		17,072

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 82.0% (continued)
Consumer, Non-cyclical - 13.5% (continued)
Haemonetics Corp.*		203	$	16,794
Grand Canyon Education, Inc.*		117		16,369
Lancaster Colony Corp.		82		15,496
Coty, Inc. — Class A*		1,459		14,619
Roivant Sciences Ltd.*		1,355		14,322
Perrigo Company plc		546		14,021
ManpowerGroup, Inc.		191		13,332
Insperity, Inc.		143		13,043
Arrowhead Pharmaceuticals, Inc.*		497		12,917
Neogen Corp.*		789		12,332
Amedisys, Inc.*		130		11,934
LivaNova plc*		217		11,896
Envista Holdings Corp.*		688		11,442
Azenta, Inc.*		216		11,366
Boston Beer Company, Inc. — Class A*		36		10,982
R1 RCM, Inc.*		793		9,960
Graham Holdings Co. — Class B		14		9,794
Progyny, Inc.*		332		9,498
Enovis Corp.*		200		9,040
Helen of Troy Ltd.*		95		8,810
Avis Budget Group, Inc.		73		7,630
QuidelOrtho Corp.*		198		6,578
Pilgrim’s Pride Corp.*		161		6,197
Sotera Health Co.*		499		5,923
Total Consumer, Non-cyclical				1,757,350
Consumer, Cyclical - 13.0%
Williams-Sonoma, Inc.		257		72,569
Burlington Stores, Inc.*		255		61,200
Watsco, Inc.		128		59,294
Casey’s General Stores, Inc.		148		56,471
Dick’s Sporting Goods, Inc.		233		50,060
Wingstop, Inc.		118		49,874
Toll Brothers, Inc.		417		48,030
BJ’s Wholesale Club Holdings, Inc.*		533		46,819
Texas Roadhouse, Inc. — Class A		268		46,018
Floor & Decor Holdings, Inc. — Class A*		429		42,647
Light & Wonder, Inc. — Class A*		361		37,862
Churchill Downs, Inc.		267		37,273
Skechers USA, Inc. — Class A*		530		36,634
Aramark		1,053		35,823
Murphy USA, Inc.		76		35,679
Crocs, Inc.*		243		35,463
Core & Main, Inc. — Class A*		685		33,524
Tempur Sealy International, Inc.		695		32,901
Gentex Corp.		926		31,215
Autoliv, Inc.		289		30,920
Lithia Motors, Inc. — Class A		110		27,770
WESCO International, Inc.		175		27,741
Hyatt Hotels Corp. — Class A		181		27,498
Vail Resorts, Inc.		152		27,380
GameStop Corp. — Class A*,1		1,079		26,641
Lear Corp.		227		25,926
Planet Fitness, Inc. — Class A*		350		25,756
TKO Group Holdings, Inc.		236		25,486
Five Below, Inc.*		221		24,082
Ollie’s Bargain Outlet Holdings, Inc.*		245		24,052
PVH Corp.		227		24,032
Wyndham Hotels & Resorts, Inc.		323		23,902
Taylor Morrison Home Corp. — Class A*		424		23,507
Mattel, Inc.*		1,378		22,406
Whirlpool Corp.		219		22,382
Macy’s, Inc.		1,102		21,158
Gap, Inc.		867		20,713
KB Home		294		20,633
Thor Industries, Inc.		214		19,998
Brunswick Corp.		271		19,721
Dolby Laboratories, Inc. — Class A		239		18,936
Warner Music Group Corp. — Class A		564		17,286
Polaris, Inc.		213		16,680
Harley-Davidson, Inc.		490		16,435
FirstCash Holdings, Inc.		149		15,627
AutoNation, Inc.*		98		15,619
Capri Holdings Ltd.*		467		15,448
RH*		62		15,155
Boyd Gaming Corp.		270		14,877
MSC Industrial Direct Company, Inc. — Class A		182		14,434
YETI Holdings, Inc.*		341		13,009
Goodyear Tire & Rubber Co.*		1,139		12,928
Travel + Leisure Co.		285		12,819
Visteon Corp.*		110		11,737
Penske Automotive Group, Inc.		77		11,475
Marriott Vacations Worldwide Corp.		131		11,439
Choice Hotels International, Inc.1		96		11,424
Wendy’s Co.		665		11,278
Hilton Grand Vacations, Inc.*		274		11,078
Scotts Miracle-Gro Co. — Class A		168		10,930
Columbia Sportswear Co.		135		10,676
Carter’s, Inc.		146		9,048
Adient plc*		359		8,871
Nordstrom, Inc.		392		8,318
Under Armour, Inc. — Class A*		756		5,043
Under Armour, Inc. — Class C*		764		4,989
Total Consumer, Cyclical				1,686,619
Technology - 7.0%
Pure Storage, Inc. — Class A*		1,224		78,593
Manhattan Associates, Inc.*		246		60,683
Onto Innovation, Inc.*		197		43,253
Dynatrace, Inc.*		963		43,085
CACI International, Inc. — Class A*		89		38,282
KBR, Inc.		538		34,507
MKS Instruments, Inc.		253		33,037
Lattice Semiconductor Corp.*		551		31,952
Duolingo, Inc.*		148		30,883
Cirrus Logic, Inc.*		216		27,575
Rambus, Inc.*		432		25,384
MACOM Technology Solutions Holdings, Inc.*		219		24,412

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 82.0% (continued)
Technology - 7.0% (continued)
Kyndryl Holdings, Inc.*		921	$	24,232
Science Applications International Corp.		205		24,098
Altair Engineering, Inc. — Class A*		227		22,264
Aspen Technology, Inc.*		112		22,247
Dropbox, Inc. — Class A*		968		21,751
Genpact Ltd.		663		21,342
Qualys, Inc.*		148		21,105
CommVault Systems, Inc.*		173		21,032
Maximus, Inc.		243		20,825
ExlService Holdings, Inc.*		650		20,384
Appfolio, Inc. — Class A*		83		20,299
Amkor Technology, Inc.		414		16,568
ASGN, Inc.*		184		16,223
Power Integrations, Inc.		227		15,933
ZoomInfo Technologies, Inc. — Class A*		1,138		14,532
Silicon Laboratories, Inc.*		128		14,161
Synaptics, Inc.*		158		13,936
Lumentum Holdings, Inc.*		271		13,799
Doximity, Inc. — Class A*		489		13,677
Teradata Corp.*		387		13,375
Blackbaud, Inc.*		162		12,339
Crane NXT Co.		194		11,915
Concentrix Corp.		188		11,897
Wolfspeed, Inc.*		504		11,471
IPG Photonics Corp.*		115		9,705
Allegro MicroSystems, Inc.*		286		8,077
Total Technology				908,833
Energy - 4.9%
Texas Pacific Land Corp.		74		54,336
Ovintiv, Inc.		997		46,729
Chord Energy Corp.		249		41,752
Antero Resources Corp.*		1,170		38,177
Chesapeake Energy Corp.1		446		36,657
Weatherford International plc*		293		35,878
Permian Resources Corp.		2,057		33,221
Range Resources Corp.		972		32,591
HF Sinclair Corp.		600		32,004
NOV, Inc.		1,584		30,112
Southwestern Energy Co.*		4,416		29,720
Matador Resources Co.		464		27,654
DT Midstream, Inc.		388		27,560
Civitas Resources, Inc.		369		25,461
ChampionX Corp.		762		25,306
Murphy Oil Corp.		581		23,960
Equitrans Midstream Corp.		1,736		22,533
Antero Midstream Corp.		1,368		20,164
PBF Energy, Inc. — Class A		423		19,467
Valaris Ltd.*		249		18,551
CNX Resources Corp.*		613		14,896
Total Energy				636,729
Basic Materials - 3.4%
Reliance, Inc.		230		65,688
RPM International, Inc.		516		55,563
United States Steel Corp.		896		33,869
Royal Gold, Inc.		263		32,917
Axalta Coating Systems Ltd.*		883		30,172
Cleveland-Cliffs, Inc.*		1,904		29,303
Alcoa Corp.		719		28,602
Commercial Metals Co.		463		25,460
Olin Corp.		478		22,538
Cabot Corp.		221		20,308
Ashland, Inc.		201		18,992
Westlake Corp.		129		18,682
Avient Corp.		365		15,932
NewMarket Corp.		27		13,920
Arcadium Lithium plc*		4,134		13,890
Chemours Co.		596		13,452
MP Materials Corp.*,1		536		6,823
Total Basic Materials				446,111
Utilities - 2.1%
Essential Utilities, Inc.		1,007		37,591
OGE Energy Corp.		803		28,667
National Fuel Gas Co.		368		19,942
UGI Corp.		840		19,236
IDACORP, Inc.		203		18,909
Portland General Electric Co.		413		17,858
Southwest Gas Holdings, Inc.		241		16,961
New Jersey Resources Corp.		396		16,925
Ormat Technologies, Inc.		215		15,415
Black Hills Corp.		276		15,009
ONE Gas, Inc.		227		14,494
ALLETE, Inc.		231		14,403
Spire, Inc.		231		14,029
PNM Resources, Inc.		361		13,343
Northwestern Energy Group, Inc.		245		12,270
Total Utilities				275,052
Communications - 1.1%
New York Times Co. — Class A		655		33,543
Ciena Corp.*		579		27,896
Frontier Communications Parent, Inc.*		895		23,431
Nexstar Media Group, Inc. — Class A		125		20,751
Iridium Communications, Inc.		486		12,938
Ziff Davis, Inc.*		185		10,184
TEGNA, Inc.		679		9,465
Total Communications				138,208
Total Common Stocks
(Cost $8,352,754)				10,649,528
MUTUAL FUNDS† - 8.6%
Guggenheim Ultra Short Duration Fund — Institutional Class2		88,750		882,180
Guggenheim Strategy Fund II2		9,844		242,645
Total Mutual Funds
(Cost $1,123,599)				1,124,825

	Face Amount
U.S. TREASURY BILLS†† - 1.6%
U.S. Treasury Bills
5.18% due 07/09/243,4	$	106,000	105,877

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Face Amount		Value
U.S. TREASURY BILLS†† - 1.6% (continued)
5.23% due 09/12/244,5	$	100,000	$	98,938
Total U.S. Treasury Bills
(Cost $204,815)				204,815
REPURCHASE AGREEMENTS††,6 - 7.8%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/245		567,045		567,045
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/245		447,049		447,049
Total Repurchase Agreements
(Cost $1,014,094)				1,014,094

	Shares
SECURITIES LENDING COLLATERAL†,7 - 0.5%
Money Market Fund***
First American Government Obligations Fund - Class X, 5.23%8		62,379		62,379
Total Securities Lending Collateral
(Cost $62,379)				62,379
Total Investments - 100.5%
(Cost $10,757,641)			$	13,055,641
Other Assets & Liabilities, net - (0.5)%				(63,924	)
Total Net Assets - 100.0%			$	12,991,717

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Appreciation**
Equity Futures Contracts Purchased†
S&P MidCap 400 Index Mini Futures Contracts		7	Sep 2024	$	2,071,370	$	20,848

Total Return Swap Agreements

Counterparty

Index

Type

Financing Rate

Payment Frequency

Maturity Date

Units

Notional Amount

Value and Unrealized Appreciation (Depreciation)

OTC Equity Index Swap Agreements††

BNP Paribas

S&P MidCap 400 Index

Pay

5.78% (Federal Funds Rate + 0.45%)

At Maturity

09/26/24

248

$

725,794

$

2,181

Barclays Bank plc

S&P MidCap 400 Index

Pay

5.89% (SOFR + 0.55%)

At Maturity

09/25/24

522

1,528,548

(10,661

)

Goldman Sachs International

S&P MidCap 400 Index

Pay

5.58% (Federal Funds Rate + 0.25%)

At Maturity

09/26/24

1,532

4,488,395

(30,272

)

$

6,742,737

$

(38,752

)

*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
***	A copy of each underlying unaffiliated fund’s financial statements is available at the SEC’s website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Affiliated issuer.
3	All or a portion of this security is pledged as futures collateral at June 30, 2024.
4	Rate indicated is the effective yield at the time of purchase.
5	All or a portion of this security is pledged as equity index swap collateral at June 30, 2024.
6	Repurchase Agreements — See Note 4.
7	Securities lending collateral — See Note 5.
8	Rate indicated is the 7-day yield as of June 30, 2024.

plc — Public Limited Company

REIT — Real Estate Investment Trust

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	10,649,528	$	—	$	—	$	10,649,528
Mutual Funds		1,124,825		—		—		1,124,825
U.S. Treasury Bills		—		204,815		—		204,815
Repurchase Agreements		—		1,014,094		—		1,014,094
Securities Lending Collateral		62,379		—		—		62,379
Equity Futures Contracts**		20,848		—		—		20,848
Equity Index Swap Agreements**		—		2,181		—		2,181
Total Assets	$	11,857,580	$	1,221,090	$	—	$	13,078,670

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Equity Index Swap Agreements**	$	—	$	40,933	$	—	$	40,933

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III (collectively, the “Guggenheim Strategy Funds”), each of which are open-end management investment companies managed by GI. The Guggenheim Strategy Funds, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Guggenheim Strategy Funds pay no investment management fees. The Guggenheim Strategy Funds’ annual report on Form N-CSR dated September 30, 2023 is available publicly or upon request. This information is available from the EDGAR database on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1601445/000182126823000217/gug86449-ncsr.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Transactions during the period ended June 30, 2024, in which the company is an affiliated issuer, were as follows:

Security Name	Value 03/31/24		Additions		Reductions		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 06/30/24		Shares 06/30/24		Investment Income
Mutual Funds
Guggenheim Strategy Fund II	$	242,153	$	–	$	–	$	–	$	492	$	242,645		9,844	$	3,394
Guggenheim Ultra Short Duration Fund — Institutional Class		879,517		–		–		–		2,663		882,180		88,750		11,393
	$	1,121,670	$	–	$	–	$	–	$	3,155	$	1,124,825			$	14,787

Monthly Rebalance NASDAQ-100® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 84.6%
Technology - 42.6%
Microsoft Corp.		142,006	$	63,469,582
Apple, Inc.		292,982		61,707,869
NVIDIA Corp.		469,990		58,062,565
Broadcom, Inc.		22,870		36,718,471
Advanced Micro Devices, Inc.*		79,765		12,938,681
Adobe, Inc.*		22,109		12,282,434
QUALCOMM, Inc.		55,074		10,969,639
Applied Materials, Inc.		40,860		9,642,551
Intuit, Inc.		13,796		9,066,869
Texas Instruments, Inc.		44,932		8,740,622
Micron Technology, Inc.		54,648		7,187,851
Lam Research Corp.		6,452		6,870,412
Intel Corp.		210,082		6,506,240
Analog Devices, Inc.		24,488		5,589,631
KLA Corp.		6,644		5,478,044
ASML Holding N.V. — Class G		4,491		4,593,080
Synopsys, Inc.*		7,561		4,499,249
Crowdstrike Holdings, Inc. — Class A*		11,383		4,361,852
Cadence Design Systems, Inc.*		13,430		4,133,082
NXP Semiconductor N.V.		12,618		3,395,378
Marvell Technology, Inc.		42,717		2,985,918
Roper Technologies, Inc.		5,283		2,977,816
Autodesk, Inc.*		10,634		2,631,383
Microchip Technology, Inc.		26,495		2,424,293
Workday, Inc. — Class A*		10,462		2,338,885
Fortinet, Inc.*		37,700		2,272,179
Paychex, Inc.		17,764		2,106,100
Datadog, Inc. — Class A*		15,222		1,974,141
Electronic Arts, Inc.		13,146		1,831,632
Cognizant Technology Solutions Corp. — Class A		24,537		1,668,516
ON Semiconductor Corp.*		21,232		1,455,454
Zscaler, Inc.*		7,395		1,421,245
Atlassian Corp. — Class A*		7,861		1,390,454
ANSYS, Inc.*		4,308		1,385,022
GLOBALFOUNDRIES, Inc.*,1		27,220		1,376,243
Take-Two Interactive Software, Inc.*		8,458		1,315,134
ARM Holdings plc ADR*,1		5,833		954,395
MongoDB, Inc.*		3,620		904,855
Total Technology				369,627,767
Communications - 21.4%
Amazon.com, Inc.*		198,835		38,424,864
Meta Platforms, Inc. — Class A		66,612		33,587,103
Alphabet, Inc. — Class A		112,232		20,443,059
Alphabet, Inc. — Class C		107,322		19,685,001
Netflix, Inc.*		21,265		14,351,323
T-Mobile US, Inc.		57,831		10,188,665
Cisco Systems, Inc.		198,821		9,445,986
Comcast Corp. — Class A		193,164		7,564,302
Booking Holdings, Inc.		1,674		6,631,551
Palo Alto Networks, Inc.*		15,979		5,417,041
PDD Holdings, Inc. ADR*		32,962		4,382,298
MercadoLibre, Inc.*		2,501		4,110,143
Airbnb, Inc. — Class A*		21,788		3,303,714
Trade Desk, Inc. — Class A*		21,971		2,145,907
Charter Communications, Inc. — Class A*		7,108		2,125,008
DoorDash, Inc. — Class A*		18,836		2,048,980
CDW Corp.		6,632		1,484,507
Warner Bros Discovery, Inc.*		120,922		899,660
Total Communications				186,239,112
Consumer, Non-cyclical - 9.4%
PepsiCo, Inc.		67,845		11,189,676
Amgen, Inc.		26,473		8,271,489
Intuitive Surgical, Inc.*		17,505		7,787,099
Vertex Pharmaceuticals, Inc.*		12,735		5,969,149
Regeneron Pharmaceuticals, Inc.*		5,348		5,620,908
Automatic Data Processing, Inc.		20,198		4,821,061
Mondelez International, Inc. — Class A		66,196		4,331,866
Gilead Sciences, Inc.		61,482		4,218,280
Cintas Corp.		5,007		3,506,202
PayPal Holdings, Inc.*		51,622		2,995,625
Monster Beverage Corp.*		51,409		2,567,879
Moderna, Inc.*		18,913		2,245,919
AstraZeneca plc ADR		28,736		2,241,121
Keurig Dr Pepper, Inc.		66,897		2,234,360
Dexcom, Inc.*		19,626		2,225,196
IDEXX Laboratories, Inc.*		4,076		1,985,827
Kraft Heinz Co.		59,925		1,930,784
Verisk Analytics, Inc. — Class A		7,041		1,897,901
GE HealthCare Technologies, Inc.		22,526		1,755,226
Biogen, Inc.*		7,185		1,665,627
Coca-Cola Europacific Partners plc		22,661		1,651,307
Illumina, Inc.*		7,861		820,531
GRAIL, Inc.*,1		1,310		20,137
Total Consumer, Non-cyclical				81,953,170
Consumer, Cyclical - 7.0%
Costco Wholesale Corp.		21,887		18,603,731
Tesla, Inc.*		92,234		18,251,264
Starbucks Corp.		55,898		4,351,659
Marriott International, Inc. — Class A		14,095		3,407,748
O’Reilly Automotive, Inc.*		2,906		3,068,910
PACCAR, Inc.		25,866		2,662,646
Copart, Inc.*		47,489		2,572,005
Ross Stores, Inc.		16,547		2,404,610
Lululemon Athletica, Inc.*		5,961		1,780,551
Fastenal Co.		28,255		1,775,544
Dollar Tree, Inc.*		10,765		1,149,379
Walgreens Boots Alliance, Inc.		42,575		514,945
Total Consumer, Cyclical				60,542,992
Industrial - 1.4%
Honeywell International, Inc.		32,136		6,862,321
CSX Corp.		96,475		3,227,089
Old Dominion Freight Line, Inc.		10,723		1,893,682
Total Industrial				11,983,092
Basic Materials - 1.2%
Linde plc		23,723		10,409,890
Utilities - 1.0%
Constellation Energy Corp.		15,557		3,115,600
American Electric Power Company, Inc.		26,013		2,282,381
Exelon Corp.		49,351		1,708,038

Monthly Rebalance NASDAQ-100® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 84.6% (continued)
Utilities - 1.0% (continued)
Xcel Energy, Inc.		27,421	$	1,464,556
Total Utilities				8,570,575
Energy - 0.4%
Diamondback Energy, Inc.		8,801		1,761,872
Baker Hughes Co.		49,251		1,732,158
Total Energy				3,494,030
Financial - 0.2%
CoStar Group, Inc.*		20,159		1,494,588
Total Common Stocks
(Cost $645,313,058)				734,315,216
MUTUAL FUNDS† - 0.7%
Guggenheim Ultra Short Duration Fund — Institutional Class2		301,467		2,996,586
Guggenheim Strategy Fund II2		115,431		2,845,385
Total Mutual Funds
(Cost $5,770,077)				5,841,971

	Face Amount
U.S. TREASURY BILLS†† - 8.9%
U.S. Treasury Bills
4.92% due 07/23/243,4	$	27,000,000	26,913,375
5.27% due 07/23/243,4		20,000,000	19,935,834
5.23% due 07/23/243,4		10,000,000	9,967,917
5.23% due 09/12/243,4		8,200,000	8,112,905
5.18% due 07/09/244,5		7,254,000	7,245,581
5.25% due 07/16/244		5,000,000	4,989,052
Total U.S. Treasury Bills
(Cost $77,164,225)			77,164,664
FEDERAL AGENCY DISCOUNT NOTES†† - 2.3%
Federal Home Loan Bank
5.26% due 08/09/244		10,000,000	9,943,060
5.27% due 07/12/244		5,000,000	4,991,949
Farmer Mac
5.09% due 07/17/244		4,950,000	4,938,406
Total Federal Agency Discount Notes
(Cost $19,873,415)			19,873,415
REPURCHASE AGREEMENTS††,6 - 2.4%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/243		11,433,677	11,433,677
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/243		9,014,110	9,014,110
Total Repurchase Agreements
(Cost $20,447,787)			20,447,787

	Shares
SECURITIES LENDING COLLATERAL†,7 - 0.2%
Money Market Fund***
First American Government Obligations Fund - Class X, 5.23%8	1,735,934		1,735,934
Total Securities Lending Collateral
(Cost $1,735,934)			1,735,934
Total Investments - 99.1%
(Cost $770,304,496)		$	859,378,987
Other Assets & Liabilities, net - 0.9%			8,103,749
Total Net Assets - 100.0%		$	867,482,736

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Depreciation**
Equity Futures Contracts Purchased†
NASDAQ-100 Index Mini Futures Contracts		759	Sep 2024	$	302,575,350	$	(257,086	)

Total Return Swap Agreements

Counterparty

Index

Type

Financing Rate

Payment Frequency

Maturity Date

Units

Notional Amount

Value and Unrealized Appreciation (Depreciation)

OTC Equity Index Swap Agreements††

Goldman Sachs International

NASDAQ-100 Index

Pay

5.83% (Federal Funds Rate + 0.50%)

At Maturity

09/26/24

27,765

$

546,493,577

$

4,660,969

Barclays Bank plc

NASDAQ-100 Index

Pay

6.04% (SOFR + 0.70%)

At Maturity

09/25/24

2,093

41,192,590

417,850

BNP Paribas

NASDAQ-100 Index

Pay

5.98% (Federal Funds Rate + 0.65%)

At Maturity

09/26/24

5,642

111,045,904

(103,014

)

$

698,732,071

$

4,975,805

Monthly Rebalance NASDAQ-100® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
***	A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Affiliated issuer.
3	All or a portion of this security is pledged as equity index swap collateral at June 30, 2024.
4	Rate indicated is the effective yield at the time of purchase.
5	All or a portion of this security is pledged as futures collateral at June 30, 2024.
6	Repurchase Agreements — See Note 4.
7	Securities lending collateral — See Note 5.
8	Rate indicated is the 7-day yield as of June 30, 2024.

ADR — American Depositary Receipt

plc — Public Limited Company

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	734,315,216	$	—	$	—	$	734,315,216
Mutual Funds		5,841,971		—		—		5,841,971
U.S. Treasury Bills		—		77,164,664		—		77,164,664
Federal Agency Discount Notes		—		19,873,415		—		19,873,415
Repurchase Agreements		—		20,447,787		—		20,447,787
Securities Lending Collateral		1,735,934		—		—		1,735,934
Equity Index Swap Agreements**		—		5,078,819		—		5,078,819
Total Assets	$	741,893,121	$	122,564,685	$	—	$	864,457,806

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Equity Futures Contracts**	$	257,086	$	—	$	—	$	257,086
Equity Index Swap Agreements**		—		103,014		—		103,014
Total Liabilities	$	257,086	$	103,014	$	—	$	360,100

** This derivative is reported as unrealized appreciation/depreciation at period end.

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III (collectively, the “Guggenheim Strategy Funds”), each of which are open-end management investment companies managed by GI. The Guggenheim Strategy Funds, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Guggenheim Strategy Funds pay no investment management fees. The Guggenheim Strategy Funds’ annual report on Form N-CSR dated September 30, 2023 is available publicly or upon request. This information is available from the EDGAR database on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1601445/000182126823000217/gug86449-ncsr.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Transactions during the period ended June 30, 2024, in which the company is an affiliated issuer, were as follows:

Security Name	Value 03/31/24		Additions		Reductions		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 06/30/24		Shares 06/30/24		Investment Income
Mutual Funds
Guggenheim Strategy Fund II	$	2,839,614	$	–	$	–	$	–	$	5,771	$	2,845,385		115,431	$	39,796
Guggenheim Ultra Short Duration Fund — Institutional Class		2,987,542		–		–		–		9,044		2,996,586		301,467		38,702
	$	5,827,156	$	–	$	–	$	–	$	14,815	$	5,841,971			$	78,498

NASDAQ-100® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 95.5%
Technology - 47.9%
Microsoft Corp.		350,239	$	156,539,321
Apple, Inc.		722,602		152,194,433
NVIDIA Corp.		1,159,171		143,203,985
Broadcom, Inc.		56,405		90,559,920
Advanced Micro Devices, Inc.*		196,728		31,911,249
Adobe, Inc.*		54,528		30,292,485
QUALCOMM, Inc.		135,833		27,055,217
Applied Materials, Inc.		100,777		23,782,364
Intuit, Inc.		34,025		22,361,570
Texas Instruments, Inc.		110,818		21,557,426
Micron Technology, Inc.		134,782		17,727,876
Lam Research Corp.		15,913		16,944,958
Intel Corp.		518,139		16,046,765
Analog Devices, Inc.		60,397		13,786,219
KLA Corp.		16,388		13,512,070
ASML Holding N.V. — Class G		11,077		11,328,780
Synopsys, Inc.*		18,649		11,097,274
Crowdstrike Holdings, Inc. — Class A*		28,076		10,758,442
Cadence Design Systems, Inc.*		33,122		10,193,296
NXP Semiconductor N.V.		31,120		8,374,081
Marvell Technology, Inc.		105,356		7,364,384
Roper Technologies, Inc.		13,029		7,343,926
Autodesk, Inc.*		26,226		6,489,624
Microchip Technology, Inc.		65,347		5,979,251
Workday, Inc. — Class A*		25,803		5,768,519
Fortinet, Inc.*		92,982		5,604,025
Paychex, Inc.		43,813		5,194,469
Datadog, Inc. — Class A*		37,543		4,868,952
Electronic Arts, Inc.		32,422		4,517,357
Cognizant Technology Solutions Corp. — Class A		60,516		4,115,088
ON Semiconductor Corp.*		52,365		3,589,621
Zscaler, Inc.*		18,240		3,505,546
Atlassian Corp. — Class A*		19,387		3,429,173
ANSYS, Inc.*		10,626		3,416,259
GLOBALFOUNDRIES, Inc.*,1		67,133		3,394,244
Take-Two Interactive Software, Inc.*		20,860		3,243,521
MongoDB, Inc.*		8,928		2,231,643
Total Technology				909,283,333
Communications - 24.2%
Amazon.com, Inc.*		490,401		94,769,993
Meta Platforms, Inc. — Class A		164,290		82,838,304
Alphabet, Inc. — Class A		276,805		50,420,031
Alphabet, Inc. — Class C		264,696		48,550,540
Netflix, Inc.*		52,447		35,395,431
T-Mobile US, Inc.		142,631		25,128,729
Cisco Systems, Inc.		490,366		23,297,289
Comcast Corp. — Class A		476,412		18,656,294
Booking Holdings, Inc.		4,129		16,357,034
Palo Alto Networks, Inc.*		39,411		13,360,723
PDD Holdings, Inc. ADR*		81,297		10,808,436
MercadoLibre, Inc.*		6,171		10,141,422
Airbnb, Inc. — Class A*		53,737		8,148,141
Trade Desk, Inc. — Class A*		54,189		5,292,640
Charter Communications, Inc. — Class A*		17,530		5,240,769
DoorDash, Inc. — Class A*		46,458		5,053,701
CDW Corp.		16,359		3,661,799
Warner Bros Discovery, Inc.*		298,240		2,218,905
Total Communications				459,340,181
Consumer, Non-cyclical - 10.7%
PepsiCo, Inc.		167,332		27,598,067
Amgen, Inc.		65,292		20,400,485
Intuitive Surgical, Inc.*		43,173		19,205,509
Vertex Pharmaceuticals, Inc.*		31,409		14,722,026
Regeneron Pharmaceuticals, Inc.*		13,190		13,863,086
Automatic Data Processing, Inc.		49,817		11,890,820
Mondelez International, Inc. — Class A		163,262		10,683,865
Gilead Sciences, Inc.		151,638		10,403,883
Cintas Corp.		12,350		8,648,211
PayPal Holdings, Inc.*		127,319		7,388,321
Monster Beverage Corp.*		126,794		6,333,360
Moderna, Inc.*		46,646		5,539,213
AstraZeneca plc ADR		70,876		5,527,619
Keurig Dr Pepper, Inc.		164,993		5,510,766
Dexcom, Inc.*		48,404		5,488,046
IDEXX Laboratories, Inc.*		10,052		4,897,335
Kraft Heinz Co.		147,798		4,762,052
Verisk Analytics, Inc. — Class A		17,366		4,681,005
GE HealthCare Technologies, Inc.		55,559		4,329,157
Biogen, Inc.*		17,721		4,108,082
Coca-Cola Europacific Partners plc		55,892		4,072,850
Illumina, Inc.*		19,389		2,023,824
GRAIL, Inc.*,1		3,232		49,671
Total Consumer, Non-cyclical				202,127,253
Consumer, Cyclical - 7.9%
Costco Wholesale Corp.		53,981		45,883,310
Tesla, Inc.*		227,484		45,014,534
Starbucks Corp.		137,866		10,732,868
Marriott International, Inc. — Class A		34,764		8,404,892
O’Reilly Automotive, Inc.*		7,168		7,569,838
PACCAR, Inc.		63,796		6,567,160
Copart, Inc.*		117,125		6,343,490
Ross Stores, Inc.		40,812		5,930,800
Lululemon Athletica, Inc.*		14,703		4,391,786
Fastenal Co.		69,687		4,379,131
Dollar Tree, Inc.*		26,552		2,834,957
Walgreens Boots Alliance, Inc.		105,004		1,270,024
Total Consumer, Cyclical				149,322,790
Industrial - 1.6%
Honeywell International, Inc.		79,259		16,924,967
CSX Corp.		237,942		7,959,160
Old Dominion Freight Line, Inc.		26,447		4,670,540
Total Industrial				29,554,667
Basic Materials - 1.3%
Linde plc		58,510		25,674,773
Utilities - 1.1%
Constellation Energy Corp.		38,368		7,683,959
American Electric Power Company, Inc.		64,159		5,629,311
Exelon Corp.		121,717		4,212,625

NASDAQ-100® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 95.5% (continued)
Utilities - 1.1% (continued)
Xcel Energy, Inc.		67,629	$	3,612,065
Total Utilities				21,137,960
Energy - 0.5%
Diamondback Energy, Inc.		21,708		4,345,725
Baker Hughes Co.		121,471		4,272,135
Total Energy				8,617,860
Financial - 0.2%
CoStar Group, Inc.*		49,718		3,686,093
Common Stocks - 0.1%
ARM Holdings plc ADR*,1		14,387		2,354,001
Total Common Stocks
(Cost $506,781,670)				1,811,098,911
MUTUAL FUNDS† - 2.7%
Guggenheim Ultra Short Duration Fund — Institutional Class2		2,756,359		27,398,211
Guggenheim Strategy Fund II2		575,584		14,188,157
Guggenheim Strategy Fund III2		370,504		9,162,559
Total Mutual Funds
(Cost $51,083,878)				50,748,927

	Face Amount
FEDERAL AGENCY DISCOUNT NOTES†† - 0.8%
Federal Home Loan Bank
5.24% due 07/26/243	$	5,000,000	4,981,805
5.26% due 08/09/243		5,000,000	4,971,530
Farmer Mac
5.09% due 07/17/243		5,000,000	4,988,289
Total Federal Agency Discount Notes
(Cost $14,941,624)			14,941,624
U.S. TREASURY BILLS†† - 0.7%
U.S. Treasury Bills
5.25% due 07/16/243		5,000,000	4,989,052
5.03% due 07/25/243		5,000,000	4,982,550
5.23% due 09/12/243,4		2,000,000	1,978,757
5.18% due 07/09/243,5		1,713,000	1,711,012
Total U.S. Treasury Bills
(Cost $13,661,270)			13,661,371
REPURCHASE AGREEMENTS††,6 - 0.6%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/244		6,175,880	6,175,880
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/244		4,868,956	4,868,956
Total Repurchase Agreements
(Cost $11,044,836)			11,044,836

	Shares
SECURITIES LENDING COLLATERAL†,7 - 0.2%
Money Market Fund***
First American Government Obligations Fund - Class X, 5.23%8		4,423,862		4,423,862
Total Securities Lending Collateral
(Cost $4,423,862)				4,423,862
Total Investments - 100.5%
(Cost $601,937,140)			$	1,905,919,531
Other Assets & Liabilities, net - (0.5)%				(9,002,042	)
Total Net Assets - 100.0%			$	1,896,917,489

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Depreciation**
Equity Futures Contracts Purchased†
NASDAQ-100 Index Mini Futures Contracts		74	Sep 2024	$	29,500,100	$	(25,065	)

Total Return Swap Agreements

Counterparty

Index

Type

Financing Rate

Payment Frequency

Maturity Date

Units

Notional Amount

Value and Unrealized Appreciation (Depreciation)

OTC Equity Index Swap Agreements††

Goldman Sachs International

NASDAQ-100 Index

Pay

5.83% (Federal Funds Rate + 0.50%)

At Maturity

09/26/24

1,734

$

34,130,610

$

321,222

Barclays Bank plc

NASDAQ-100 Index

Pay

6.04% (SOFR + 0.70%)

At Maturity

09/25/24

634

12,488,224

132,139

BNP Paribas

NASDAQ-100 Index

Pay

5.98% (Federal Funds Rate + 0.65%)

At Maturity

09/26/24

486

9,566,989

(8,878

)

$

56,185,823

$

444,483

*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
***	A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.

NASDAQ-100® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Affiliated issuer.
3	Rate indicated is the effective yield at the time of purchase.
4	All or a portion of this security is pledged as equity index swap collateral at June 30, 2024.
5	All or a portion of this security is pledged as futures collateral at June 30, 2024.
6	Repurchase Agreements — See Note 4.
7	Securities lending collateral — See Note 5.
8	Rate indicated is the 7-day yield as of June 30, 2024.

ADR — American Depositary Receipt

plc — Public Limited Company

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	1,811,098,911	$	—	$	—	$	1,811,098,911
Mutual Funds		50,748,927		—		—		50,748,927
Federal Agency Discount Notes		—		14,941,624		—		14,941,624
U.S. Treasury Bills		—		13,661,371		—		13,661,371
Repurchase Agreements		—		11,044,836		—		11,044,836
Securities Lending Collateral		4,423,862		—		—		4,423,862
Equity Index Swap Agreements**		—		453,361		—		453,361
Total Assets	$	1,866,271,700	$	40,101,192	$	—	$	1,906,372,892

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Equity Futures Contracts**	$	25,065	$	—	$	—	$	25,065
Equity Index Swap Agreements**		—		8,878		—		8,878
Total Liabilities	$	25,065	$	8,878	$	—	$	33,943

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III (collectively, the “Guggenheim Strategy Funds”), each of which are open-end management investment companies managed by GI. The Guggenheim Strategy Funds, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Guggenheim Strategy Funds pay no investment management fees. The Guggenheim Strategy Funds’ annual report on Form N-CSR dated September 30, 2023 is available publicly or upon request. This information is available from the EDGAR database on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1601445/000182126823000217/gug86449-ncsr.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

NASDAQ-100® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

Transactions during the period ended June 30, 2024, in which the company is an affiliated issuer, were as follows:

Security Name	Value 03/31/24		Additions		Reductions		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 06/30/24		Shares 06/30/24		Investment Income
Mutual Funds
Guggenheim Strategy Fund II	$	14,159,378	$	–	$	–	$	–	$	28,779	$	14,188,157		575,584	$	198,439
Guggenheim Strategy Fund III		9,140,329		–		–		–		22,230		9,162,559		370,504		121,870
Guggenheim Ultra Short Duration Fund — Institutional Class		27,315,520		–		–		–		82,691		27,398,211		2,756,359		353,856
	$	50,615,227	$	–	$	–	$	–	$	133,700	$	50,748,927			$	674,165

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 87.3%
Technology - 27.4%
Microsoft Corp.		40,900	$	18,280,255
NVIDIA Corp.		135,366		16,723,116
Apple, Inc.		79,321		16,706,589
Broadcom, Inc.		2,397		3,848,456
Advanced Micro Devices, Inc.*		8,895		1,442,858
Salesforce, Inc.		5,345		1,374,199
Adobe, Inc.*		2,465		1,369,406
Oracle Corp.		8,773		1,238,748
QUALCOMM, Inc.		6,152		1,225,355
Applied Materials, Inc.		4,572		1,078,946
Accenture plc — Class A		3,460		1,049,798
Intuit, Inc.		1,541		1,012,761
Texas Instruments, Inc.		5,010		974,595
ServiceNow, Inc.*		1,128		887,364
International Business Machines Corp.		5,055		874,262
Micron Technology, Inc.		6,094		801,544
Lam Research Corp.		719		765,627
Intel Corp.		23,426		725,503
Analog Devices, Inc.		2,729		622,922
KLA Corp.		741		610,962
Synopsys, Inc.*		839		499,255
Crowdstrike Holdings, Inc. — Class A*		1,269		486,268
Fiserv, Inc.*		3,220		479,909
Cadence Design Systems, Inc.*		1,498		461,009
NXP Semiconductor N.V.		1,407		378,610
Roper Technologies, Inc.		589		331,996
Autodesk, Inc.*		1,177		291,249
Microchip Technology, Inc.		2,974		272,121
Fidelity National Information Services, Inc.		3,061		230,677
Super Micro Computer, Inc.*		277		226,960
Monolithic Power Systems, Inc.		268		220,210
Fortinet, Inc.*		3,489		210,282
MSCI, Inc. — Class A		436		210,043
Paychex, Inc.		1,763		209,021
Fair Isaac Corp.*		136		202,458
Gartner, Inc.*		427		191,749
Electronic Arts, Inc.		1,339		186,563
Cognizant Technology Solutions Corp. — Class A		2,736		186,048
HP, Inc.		4,749		166,310
ON Semiconductor Corp.*		2,368		162,327
ANSYS, Inc.*		480		154,320
Hewlett Packard Enterprise Co.		7,154		151,450
NetApp, Inc.		1,136		146,317
Western Digital Corp.*		1,797		136,159
Take-Two Interactive Software, Inc.*		874		135,898
Broadridge Financial Solutions, Inc.		650		128,050
Teradyne, Inc.		859		127,381
PTC, Inc.*		659		119,721
Tyler Technologies, Inc.*		234		117,650
Seagate Technology Holdings plc		1,075		111,015
Leidos Holdings, Inc.		744		108,535
Skyworks Solutions, Inc.		883		94,110
Zebra Technologies Corp. — Class A*		283		87,427
Akamai Technologies, Inc.*		838		75,487
Jack Henry & Associates, Inc.		401		66,574
Qorvo, Inc.*		531		61,617
EPAM Systems, Inc.*		319		60,007
Dayforce, Inc.*		869		43,102
Paycom Software, Inc.		265		37,906
Total Technology				79,179,057
Consumer, Non-cyclical - 15.0%
Eli Lilly & Co.		4,393		3,977,334
UnitedHealth Group, Inc.		5,065		2,579,402
Procter & Gamble Co.		12,988		2,141,981
Johnson & Johnson		13,244		1,935,743
Merck & Company, Inc.		13,938		1,725,524
AbbVie, Inc.		9,718		1,666,831
Coca-Cola Co.		21,336		1,358,036
PepsiCo, Inc.		7,566		1,247,860
Thermo Fisher Scientific, Inc.		2,101		1,161,853
Abbott Laboratories		9,573		994,730
Amgen, Inc.		2,952		922,352
Danaher Corp.		3,628		906,456
Pfizer, Inc.		31,184		872,528
Intuitive Surgical, Inc.*		1,952		868,347
Philip Morris International, Inc.		8,555		866,878
S&P Global, Inc.		1,762		785,852
Elevance Health, Inc.		1,279		693,039
Vertex Pharmaceuticals, Inc.*		1,420		665,582
Stryker Corp.		1,866		634,907
Boston Scientific Corp.*		8,090		623,011
Regeneron Pharmaceuticals, Inc.*		584		613,802
Medtronic plc		7,307		575,134
Automatic Data Processing, Inc.		2,252		537,530
Cigna Group		1,563		516,681
Mondelez International, Inc. — Class A		7,382		483,078
Gilead Sciences, Inc.		6,856		470,390
Bristol-Myers Squibb Co.		11,155		463,267
Colgate-Palmolive Co.		4,515		438,135
Zoetis, Inc.		2,511		435,307
Altria Group, Inc.		9,452		430,539
McKesson Corp.		715		417,589
CVS Health Corp.		6,908		407,987
Becton Dickinson & Co.		1,590		371,599
Moody’s Corp.		864		363,683
HCA Healthcare, Inc.		1,067		342,806
PayPal Holdings, Inc.*		5,756		334,021
Cintas Corp.		475		332,623
Edwards Lifesciences Corp.*		3,316		306,299
Kimberly-Clark Corp.		1,853		256,085
Dexcom, Inc.*		2,188		248,075
Humana, Inc.		663		247,730
United Rentals, Inc.		366		236,703
Constellation Brands, Inc. — Class A		886		227,950
IDEXX Laboratories, Inc.*		454		221,189
Moderna, Inc.*		1,835		217,906
IQVIA Holdings, Inc.*		1,003		212,074
Verisk Analytics, Inc. — Class A		785		211,597
Agilent Technologies, Inc.		1,613		209,093

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 87.3% (continued)
Consumer, Non-cyclical - 15.0% (continued)
Corteva, Inc.		3,835	$	206,860
Cencora, Inc. — Class A		911		205,248
Quanta Services, Inc.		806		204,797
General Mills, Inc.		3,107		196,549
Sysco Corp.		2,740		195,609
Monster Beverage Corp.*		3,903		194,955
Centene Corp.*		2,937		194,723
Keurig Dr Pepper, Inc.		5,744		191,850
Kenvue, Inc.		10,537		191,563
Biogen, Inc.*		801		185,688
Kroger Co.		3,684		183,942
GE HealthCare Technologies, Inc.		2,336		182,021
Equifax, Inc.		680		164,873
Archer-Daniels-Midland Co.		2,721		164,484
ResMed, Inc.		808		154,667
Hershey Co.		812		149,270
Kraft Heinz Co.		4,344		139,964
Church & Dwight Company, Inc.		1,346		139,553
Estee Lauder Companies, Inc. — Class A		1,282		136,405
Global Payments, Inc.		1,405		135,863
West Pharmaceutical Services, Inc.		401		132,085
Cardinal Health, Inc.		1,340		131,749
Zimmer Biomet Holdings, Inc.		1,132		122,856
STERIS plc		544		119,430
Corpay, Inc.*		387		103,101
McCormick & Company, Inc.		1,385		98,252
Avery Dennison Corp.		443		96,862
Molina Healthcare, Inc.*		322		95,731
Cooper Companies, Inc.*		1,094		95,506
Hologic, Inc.*		1,284		95,337
Waters Corp.*		326		94,579
Labcorp Holdings, Inc.		464		94,429
Baxter International, Inc.		2,804		93,794
Clorox Co.		683		93,209
Align Technology, Inc.*		385		92,951
Tyson Foods, Inc. — Class A		1,574		89,938
Quest Diagnostics, Inc.		611		83,634
Kellanova		1,449		83,578
Bunge Global S.A.		779		83,174
Insulet Corp.*		385		77,693
Rollins, Inc.		1,546		75,429
Conagra Brands, Inc.		2,631		74,773
Revvity, Inc.		679		71,200
Viatris, Inc.		6,552		69,648
Lamb Weston Holdings, Inc.		795		66,844
J M Smucker Co.		584		63,679
Bio-Techne Corp.		867		62,121
Universal Health Services, Inc. — Class B		328		60,657
Charles River Laboratories International, Inc.*		283		58,462
Catalent, Inc.*		996		56,005
Teleflex, Inc.		259		54,475
Incyte Corp.*		875		53,043
Molson Coors Beverage Co. — Class B		1,001		50,881
Campbell Soup Co.		1,083		48,941
Hormel Foods Corp.		1,597		48,692
Henry Schein, Inc.*		705		45,191
Brown-Forman Corp. — Class B		985		42,542
MarketAxess Holdings, Inc.		209		41,911
Solventum Corp.*		760		40,189
DaVita, Inc.*		285		39,492
Bio-Rad Laboratories, Inc. — Class A*		112		30,588
Total Consumer, Non-cyclical				43,408,653
Communications - 13.3%
Amazon.com, Inc.*		50,396		9,739,027
Meta Platforms, Inc. — Class A		12,060		6,080,893
Alphabet, Inc. — Class A		32,325		5,887,999
Alphabet, Inc. — Class C		26,892		4,932,531
Netflix, Inc.*		2,371		1,600,140
Cisco Systems, Inc.		22,283		1,058,665
Walt Disney Co.		10,032		996,077
Verizon Communications, Inc.		23,164		955,283
Comcast Corp. — Class A		21,540		843,506
Uber Technologies, Inc.*		11,499		835,747
AT&T, Inc.		39,458		754,042
Booking Holdings, Inc.		187		740,800
Palo Alto Networks, Inc.*		1,778		602,760
T-Mobile US, Inc.		2,837		499,823
Arista Networks, Inc.*		1,397		489,621
Airbnb, Inc. — Class A*		2,430		368,461
Motorola Solutions, Inc.		918		354,394
CDW Corp.		740		165,642
Corning, Inc.		4,243		164,841
Charter Communications, Inc. — Class A*		539		161,139
eBay, Inc.		2,785		149,610
GoDaddy, Inc. — Class A*		776		108,415
Omnicom Group, Inc.		1,078		96,697
Warner Bros Discovery, Inc.*		12,271		91,296
Expedia Group, Inc.*		699		88,067
FactSet Research Systems, Inc.		210		85,737
VeriSign, Inc.*		477		84,811
Gen Digital, Inc.		3,032		75,739
Juniper Networks, Inc.		1,788		65,190
Interpublic Group of Companies, Inc.		2,077		60,420
News Corp. — Class A		2,087		57,539
F5, Inc.*		323		55,630
Match Group, Inc.*		1,462		44,416
Fox Corp. — Class A		1,272		43,719
Etsy, Inc.*		643		37,924
Paramount Global — Class B		2,721		28,271
Fox Corp. — Class B		726		23,247
News Corp. — Class B		630		17,886
Total Communications				38,446,005
Financial - 11.7%
Berkshire Hathaway, Inc. — Class B*		9,963		4,052,948
JPMorgan Chase & Co.		15,803		3,196,315
Visa, Inc. — Class A		8,663		2,273,778
Mastercard, Inc. — Class A		4,518		1,993,161
Bank of America Corp.		37,441		1,489,029
Wells Fargo & Co.		19,185		1,139,397
Goldman Sachs Group, Inc.		1,775		802,868
American Express Co.		3,127		724,057
Progressive Corp.		3,223		669,449

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 87.3% (continued)
Financial - 11.7% (continued)
Morgan Stanley		6,886	$	669,250
Citigroup, Inc.		10,497		666,140
BlackRock, Inc. — Class A		769		605,449
Charles Schwab Corp.		8,216		605,437
Prologis, Inc. REIT		5,095		572,219
Marsh & McLennan Companies, Inc.		2,711		571,262
Chubb Ltd.		2,235		570,104
American Tower Corp. — Class A REIT		2,570		499,557
Blackstone, Inc. — Class A		3,933		486,905
Intercontinental Exchange, Inc.		3,156		432,025
Equinix, Inc. REIT		522		394,945
CME Group, Inc. — Class A		1,981		389,465
KKR & Company, Inc. — Class A		3,663		385,494
Aon plc — Class A		1,197		351,415
Welltower, Inc. REIT		3,290		342,983
U.S. Bancorp		8,587		340,904
PNC Financial Services Group, Inc.		2,190		340,501
Arthur J Gallagher & Co.		1,202		311,691
Capital One Financial Corp.		2,103		291,160
Truist Financial Corp.		7,364		286,091
Simon Property Group, Inc. REIT		1,794		272,329
Digital Realty Trust, Inc. REIT		1,786		271,561
American International Group, Inc.		3,652		271,125
Travelers Companies, Inc.		1,260		256,208
Aflac, Inc.		2,846		254,176
Realty Income Corp. REIT		4,792		253,113
Public Storage REIT		870		250,256
Bank of New York Mellon Corp.		4,115		246,447
Ameriprise Financial, Inc.		547		233,673
Crown Castle, Inc. REIT		2,391		233,601
Allstate Corp.		1,452		231,826
Prudential Financial, Inc.		1,976		231,568
MetLife, Inc.		3,287		230,715
Arch Capital Group Ltd.*		2,058		207,632
Extra Space Storage, Inc. REIT		1,165		181,053
Discover Financial Services		1,379		180,387
CoStar Group, Inc.*		2,247		166,592
VICI Properties, Inc. REIT		5,741		164,422
Hartford Financial Services Group, Inc.		1,628		163,679
AvalonBay Communities, Inc. REIT		781		161,581
CBRE Group, Inc. — Class A*		1,660		147,923
Willis Towers Watson plc		563		147,585
Iron Mountain, Inc. REIT		1,613		144,557
T. Rowe Price Group, Inc.		1,229		141,716
M&T Bank Corp.		918		138,949
Fifth Third Bancorp		3,764		137,348
Equity Residential REIT		1,898		131,607
Raymond James Financial, Inc.		1,027		126,947
Nasdaq, Inc.		2,094		126,184
State Street Corp.		1,658		122,692
Brown & Brown, Inc.		1,303		116,501
SBA Communications Corp. REIT		591		116,013
Ventas, Inc. REIT		2,227		114,156
Weyerhaeuser Co. REIT		4,012		113,901
Invitation Homes, Inc. REIT		3,169		113,735
Huntington Bancshares, Inc.		7,975		105,111
Synchrony Financial		2,210		104,290
Cincinnati Financial Corp.		862		101,802
Alexandria Real Estate Equities, Inc. REIT		866		101,296
Regions Financial Corp.		5,040		101,002
Cboe Global Markets, Inc.		579		98,465
Essex Property Trust, Inc. REIT		353		96,087
Northern Trust Corp.		1,126		94,561
Principal Financial Group, Inc.		1,187		93,120
Mid-America Apartment Communities, Inc. REIT		643		91,698
Everest Group Ltd.		239		91,064
Citizens Financial Group, Inc.		2,504		90,219
W R Berkley Corp.		1,111		87,302
Healthpeak Properties, Inc. REIT		3,873		75,911
Loews Corp.		999		74,665
KeyCorp		5,189		73,736
Kimco Realty Corp. REIT		3,673		71,477
Host Hotels & Resorts, Inc. REIT		3,880		69,762
UDR, Inc. REIT		1,667		68,597
Camden Property Trust REIT		586		63,939
Regency Centers Corp. REIT		905		56,291
BXP, Inc. REIT		795		48,940
Assurant, Inc.		286		47,548
Federal Realty Investment Trust REIT		411		41,499
Globe Life, Inc.		462		38,013
Invesco Ltd.		2,475		37,026
Franklin Resources, Inc.		1,650		36,877
Total Financial				33,916,055
Consumer, Cyclical - 6.9%
Tesla, Inc.*		15,269		3,021,430
Costco Wholesale Corp.		2,441		2,074,826
Home Depot, Inc.		5,454		1,877,485
Walmart, Inc.		23,507		1,591,659
McDonald’s Corp.		3,966		1,010,695
Lowe’s Companies, Inc.		3,149		694,229
TJX Companies, Inc.		6,232		686,143
NIKE, Inc. — Class B		6,667		502,492
Starbucks Corp.		6,233		485,239
Chipotle Mexican Grill, Inc. — Class A*		7,550		473,008
Target Corp.		2,546		376,910
O’Reilly Automotive, Inc.*		324		342,163
Marriott International, Inc. — Class A		1,320		319,136
Hilton Worldwide Holdings, Inc.		1,376		300,243
PACCAR, Inc.		2,884		296,879
General Motors Co.		6,279		291,723
AutoZone, Inc.*		95		281,590
Ford Motor Co.		21,580		270,613
Ross Stores, Inc.		1,845		268,115
Copart, Inc.*		4,815		260,780
DR Horton, Inc.		1,631		229,857
WW Grainger, Inc.		241		217,440
Cummins, Inc.		753		208,528
Royal Caribbean Cruises Ltd.*		1,303		207,737
Yum! Brands, Inc.		1,550		205,313
Lennar Corp. — Class A		1,348		202,025

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 87.3% (continued)
Consumer, Cyclical - 6.9% (continued)
Fastenal Co.		3,151	$	198,009
Lululemon Athletica, Inc.*		631		188,480
Delta Air Lines, Inc.		3,551		168,459
Tractor Supply Co.		593		160,110
Dollar General Corp.		1,209		159,866
Deckers Outdoor Corp.*		141		136,481
NVR, Inc.*		17		129,005
PulteGroup, Inc.		1,158		127,496
Dollar Tree, Inc.*		1,140		121,718
Genuine Parts Co.		767		106,091
Aptiv plc*		1,497		105,419
Carnival Corp.*		5,559		104,065
Ulta Beauty, Inc.*		264		101,870
Darden Restaurants, Inc.		657		99,417
Domino’s Pizza, Inc.		192		99,135
Southwest Airlines Co.		3,293		94,213
Best Buy Company, Inc.		1,060		89,347
Las Vegas Sands Corp.		2,009		88,898
United Airlines Holdings, Inc.*		1,809		88,026
Live Nation Entertainment, Inc.*		784		73,492
Pool Corp.		211		64,847
CarMax, Inc.*		866		63,512
MGM Resorts International*		1,381		61,372
LKQ Corp.		1,468		61,054
Tapestry, Inc.		1,264		54,087
Bath & Body Works, Inc.		1,231		48,071
Walgreens Boots Alliance, Inc.		3,940		47,654
Caesars Entertainment, Inc.*		1,191		47,330
Wynn Resorts Ltd.		520		46,540
Norwegian Cruise Line Holdings Ltd.*		2,361		44,363
Hasbro, Inc.		720		42,120
American Airlines Group, Inc.*		3,610		40,901
BorgWarner, Inc.		1,254		40,429
Ralph Lauren Corp. — Class A		215		37,638
Total Consumer, Cyclical				19,835,773
Industrial - 6.2%
General Electric Co.		6,024		957,635
Caterpillar, Inc.		2,691		896,372
Honeywell International, Inc.		3,584		765,327
Union Pacific Corp.		3,358		759,781
RTX Corp.		7,316		734,453
Eaton Corporation plc		2,200		689,810
Boeing Co.*		3,176		578,064
United Parcel Service, Inc. — Class B		4,014		549,316
Lockheed Martin Corp.		1,175		548,842
Deere & Co.		1,425		532,423
Amphenol Corp. — Class A		6,610		445,316
Waste Management, Inc.		2,009		428,600
Trane Technologies plc		1,246		409,847
TransDigm Group, Inc.		308		393,504
FedEx Corp.		1,246		373,600
General Dynamics Corp.		1,251		362,965
CSX Corp.		10,758		359,855
Parker-Hannifin Corp.		707		357,608
Illinois Tool Works, Inc.		1,494		354,018
Emerson Electric Co.		3,148		346,784
Northrop Grumman Corp.		766		333,938
3M Co.		3,045		311,168
Carrier Global Corp.		4,611		290,862
Norfolk Southern Corp.		1,243		266,860
GE Vernova, Inc.*		1,508		258,637
TE Connectivity Ltd.		1,685		253,474
Johnson Controls International plc		3,707		246,404
L3Harris Technologies, Inc.		1,044		234,462
Republic Services, Inc. — Class A		1,127		219,021
Otis Worldwide Corp.		2,225		214,178
AMETEK, Inc.		1,274		212,389
Ingersoll Rand, Inc.		2,220		201,665
Martin Marietta Materials, Inc.		339		183,670
Vulcan Materials Co.		728		181,039
Xylem, Inc.		1,334		180,930
Old Dominion Freight Line, Inc.		980		173,068
Rockwell Automation, Inc.		627		172,601
Howmet Aerospace, Inc.		2,134		165,662
Mettler-Toledo International, Inc.*		118		164,916
Westinghouse Air Brake Technologies Corp.		971		153,467
Fortive Corp.		1,937		143,532
Garmin Ltd.		846		137,830
Dover Corp.		756		136,420
Keysight Technologies, Inc.*		961		131,417
Veralto Corp.		1,210		115,519
Axon Enterprise, Inc.*		390		114,754
Hubbell, Inc.		295		107,817
Ball Corp.		1,708		102,514
Teledyne Technologies, Inc.*		261		101,263
Expeditors International of Washington, Inc.		777		96,962
Jacobs Solutions, Inc.		689		96,260
Builders FirstSource, Inc.*		672		93,012
Textron, Inc.		1,049		90,067
Packaging Corporation of America		491		89,637
IDEX Corp.		417		83,900
Masco Corp.		1,212		80,804
Amcor plc		7,954		77,790
Snap-on, Inc.		290		75,803
Trimble, Inc.*		1,344		75,156
Jabil, Inc.		664		72,237
J.B. Hunt Transport Services, Inc.		449		71,840
Westrock Co.		1,421		71,420
Pentair plc		914		70,076
Nordson Corp.		299		69,350
Stanley Black & Decker, Inc.		847		67,667
Allegion plc		481		56,830
CH Robinson Worldwide, Inc.		644		56,749
A O Smith Corp.		665		54,384
Huntington Ingalls Industries, Inc.		217		53,454
Generac Holdings, Inc.*		334		44,161
Mohawk Industries, Inc.*		292		33,168
Total Industrial				17,934,324
Energy - 3.3%
Exxon Mobil Corp.		24,686		2,841,852
Chevron Corp.		9,432		1,475,353
ConocoPhillips		6,436		736,150

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 87.3% (continued)
Energy - 3.3% (continued)
EOG Resources, Inc.		3,163	$	398,127
Schlumberger N.V.		7,866		371,118
Marathon Petroleum Corp.		1,939		336,378
Phillips 66		2,333		329,350
Williams Companies, Inc.		6,707		285,047
Valero Energy Corp.		1,799		282,011
ONEOK, Inc.		3,212		261,938
Occidental Petroleum Corp.		3,659		230,627
Hess Corp.		1,521		224,378
Kinder Morgan, Inc.		10,626		211,139
Diamondback Energy, Inc.		981		196,386
Baker Hughes Co.		5,492		193,154
Devon Energy Corp.		3,478		164,857
Halliburton Co.		4,872		164,576
Targa Resources Corp.		1,220		157,112
First Solar, Inc.*		589		132,796
Coterra Energy, Inc. — Class A		4,096		109,240
Equities Corp.		2,430		89,861
Marathon Oil Corp.		3,104		88,992
Enphase Energy, Inc.*		749		74,683
APA Corp.		1,981		58,321
Total Energy				9,413,446
Utilities - 2.0%
NextEra Energy, Inc.		11,306		800,578
Southern Co.		6,017		466,739
Duke Energy Corp.		4,247		425,677
Constellation Energy Corp.		1,735		347,468
Sempra		3,483		264,917
American Electric Power Company, Inc.		2,901		254,534
Dominion Energy, Inc.		4,613		226,037
PG&E Corp.		11,760		205,330
Public Service Enterprise Group, Inc.		2,741		202,012
Exelon Corp.		5,503		190,459
Consolidated Edison, Inc.		1,903		170,166
Xcel Energy, Inc.		3,058		163,328
Vistra Corp.		1,797		154,506
Edison International		2,117		152,022
American Water Works Company, Inc.		1,072		138,459
WEC Energy Group, Inc.		1,738		136,363
DTE Energy Co.		1,139		126,440
Entergy Corp.		1,175		125,725
PPL Corp.		4,060		112,259
Eversource Energy		1,938		109,904
FirstEnergy Corp.		2,850		109,069
CenterPoint Energy, Inc.		3,520		109,050
Ameren Corp.		1,467		104,318
CMS Energy Corp.		1,643		97,808
Atmos Energy Corp.		830		96,820
NRG Energy, Inc.		1,147		89,305
Alliant Energy Corp.		1,411		71,820
NiSource, Inc.		2,467		71,074
AES Corp.		3,911		68,716
Evergy, Inc.		1,265		67,007
Pinnacle West Capital Corp.		625		47,738
Total Utilities				5,705,648
Basic Materials - 1.5%
Linde plc		2,645		1,160,652
Freeport-McMoRan, Inc.		7,905		384,183
Sherwin-Williams Co.		1,284		383,184
Ecolab, Inc.		1,399		332,962
Air Products and Chemicals, Inc.		1,223		315,595
Newmont Corp.		6,346		265,707
Nucor Corp.		1,319		208,508
Dow, Inc.		3,870		205,304
DuPont de Nemours, Inc.		2,301		185,207
PPG Industries, Inc.		1,295		163,028
LyondellBasell Industries N.V. — Class A		1,416		135,455
International Flavors & Fragrances, Inc.		1,405		133,770
Steel Dynamics, Inc.		813		105,283
International Paper Co.		1,911		82,460
Celanese Corp. — Class A		553		74,594
CF Industries Holdings, Inc.		1,006		74,565
Eastman Chemical Co.		647		63,387
Albemarle Corp.		647		61,801
Mosaic Co.		1,769		51,124
FMC Corp.		687		39,537
Total Basic Materials				4,426,306
Total Common Stocks
(Cost $212,039,397)				252,265,267
MUTUAL FUNDS† - 6.0%
Guggenheim Ultra Short Duration Fund — Institutional Class1		733,906		7,295,028
Guggenheim Strategy Fund II1		225,195		5,551,053
Guggenheim Strategy Fund III1		184,563		4,564,234
Total Mutual Funds
(Cost $17,418,465)				17,410,315

	Face Amount
U.S. TREASURY BILLS†† - 3.1%
U.S. Treasury Bills
5.23% due 09/12/242,3	$	4,850,000		4,798,487
5.18% due 07/09/243,4		4,223,000		4,218,099
Total U.S. Treasury Bills
(Cost $9,016,620)				9,016,586
REPURCHASE AGREEMENTS††,5 - 2.7%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/242		4,329,904		4,329,904
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/242		3,413,620		3,413,620
Total Repurchase Agreements
(Cost $7,743,524)				7,743,524
Total Investments - 99.1%
(Cost $246,218,006)			$	286,435,692
Other Assets & Liabilities, net - 0.9%				2,529,382
Total Net Assets - 100.0%			$	288,965,074

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Appreciation**
Equity Futures Contracts Purchased†
S&P 500 Index Mini Futures Contracts		370	Sep 2024	$	102,184,750	$	368,853

Total Return Swap Agreements

Counterparty

Index

Type

Financing Rate

Payment Frequency

Maturity Date

Units

Notional Amount

Value and Unrealized Appreciation (Depreciation)

OTC Equity Index Swap Agreements††

Barclays Bank plc

S&P 500 Index

Pay

5.94% (SOFR + 0.60%)

At Maturity

09/25/24

9,273

$

50,633,163

$

116,927

Goldman Sachs International

S&P 500 Index

Pay

5.83% (Federal Funds Rate + 0.50%)

At Maturity

09/26/24

4,681

25,557,999

48,618

BNP Paribas

S&P 500 Index

Pay

5.93% (Federal Funds Rate + 0.60%)

At Maturity

09/26/24

493

2,691,806

(4,344

)

$

78,882,968

$

161,201

*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Affiliated issuer.
2	All or a portion of this security is pledged as equity index swap collateral at June 30, 2024.
3	Rate indicated is the effective yield at the time of purchase.
4	All or a portion of this security is pledged as futures collateral at June 30, 2024.
5	Repurchase Agreements — See Note 4.

plc — Public Limited Company

REIT — Real Estate Investment Trust

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	252,265,267	$	—	$	—	$	252,265,267
Mutual Funds		17,410,315		—		—		17,410,315
U.S. Treasury Bills		—		9,016,586		—		9,016,586
Repurchase Agreements		—		7,743,524		—		7,743,524
Equity Futures Contracts**		368,853		—		—		368,853
Equity Index Swap Agreements**		—		165,545		—		165,545
Total Assets	$	270,044,435	$	16,925,655	$	—	$	286,970,090

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Equity Index Swap Agreements**	$	—	$	4,344	$	—	$	4,344

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III (collectively, the “Guggenheim Strategy Funds”), each of which are open-end management investment companies managed by GI. The Guggenheim Strategy Funds, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Guggenheim Strategy Funds pay no investment management fees. The Guggenheim Strategy Funds’ annual report on Form N-CSR dated September 30, 2023 is available publicly or upon request. This information is available from the EDGAR database on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1601445/000182126823000217/gug86449-ncsr.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Transactions during the period ended June 30, 2024, in which the company is an affiliated issuer, were as follows:

Security Name	Value 03/31/24		Additions		Reductions		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 06/30/24		Shares 06/30/24		Investment Income
Mutual Funds
Guggenheim Strategy Fund II	$	5,539,793	$	–	$	–	$	–	$	11,260	$	5,551,053		225,195	$	77,638
Guggenheim Strategy Fund III		4,553,161		–		–		–		11,073		4,564,234		184,563		60,708
Guggenheim Ultra Short Duration Fund — Institutional Class		7,273,011		–		–		–		22,017		7,295,028		733,906		94,218
	$	17,365,965	$	–	$	–	$	–	$	44,350	$	17,410,315			$	232,564

Precious Metals Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.5%
Mining - 99.5%
Freeport-McMoRan, Inc.		160,847	$	7,817,164
Newmont Corp.		154,760		6,479,801
Agnico Eagle Mines Ltd.		79,982		5,230,823
Barrick Gold Corp.		305,588		5,097,208
Wheaton Precious Metals Corp.		85,379		4,475,567
Kinross Gold Corp.		374,199		3,113,336
Gold Fields Ltd. ADR		205,582		3,063,172
Anglogold Ashanti plc		118,406		2,975,543
Franco-Nevada Corp.		24,868		2,947,355
Royal Gold, Inc.		21,577		2,700,577
Pan American Silver Corp.		125,550		2,495,934
Alamos Gold, Inc. — Class A		148,715		2,331,851
Eldorado Gold Corp.*		106,582		1,576,348
Harmony Gold Mining Company Ltd. ADR		169,077		1,550,436
Osisko Gold Royalties Ltd.		98,108		1,528,523
Hecla Mining Co.		313,264		1,519,330
Sibanye Stillwater Ltd. ADR1		342,890		1,491,571
IAMGOLD Corp.*		360,615		1,352,306
Equinox Gold Corp.*		257,870		1,348,660
Coeur Mining, Inc.*		238,917		1,342,714
B2Gold Corp.		485,237		1,310,140
Sandstorm Gold Ltd.		217,614		1,183,820
First Majestic Silver Corp.		199,049		1,178,370
Fortuna Mining Corp.*,1		230,192		1,125,639
SilverCrest Metals, Inc.*		124,536		1,014,968
MAG Silver Corp.*		85,969		1,003,258
Seabridge Gold, Inc.*		66,591		911,631
SSR Mining, Inc.		189,353		853,982
Novagold Resources, Inc.*		246,708		853,610
Endeavour Silver Corp.*,1		242,151		852,372
Silvercorp Metals, Inc.1		206,502		693,847
Gatos Silver, Inc.*		59,735		623,633
New Gold, Inc.*		317,950		620,002
McEwen Mining, Inc.*		58,721		539,059
Total Mining				73,202,550
Total Common Stocks
(Cost $52,031,662)				73,202,550

	Face Amount
REPURCHASE AGREEMENTS††,2 - 0.6%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	241,299	241,299
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		190,236	190,236
Total Repurchase Agreements
(Cost $431,535)			431,535

	Shares
SECURITIES LENDING COLLATERAL†,3 - 3.2%
Money Market Fund**
First American Government Obligations Fund - Class X, 5.23%4		2,343,350		2,343,350
Total Securities Lending Collateral
(Cost $2,343,350)				2,343,350
Total Investments - 103.3%
(Cost $54,806,547)			$	75,977,435
Other Assets & Liabilities, net - (3.3)%				(2,438,384	)
Total Net Assets - 100.0%			$	73,539,051

*	Non-income producing security.
**	A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Repurchase Agreements — See Note 4.
3	Securities lending collateral — See Note 5.
4	Rate indicated is the 7-day yield as of June 30, 2024.

ADR — American Depositary Receipt

plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	73,202,550	$	—	$	—	$	73,202,550
Repurchase Agreements		—		431,535		—		431,535
Securities Lending Collateral		2,343,350		—		—		2,343,350
Total Assets	$	75,545,900	$	431,535	$	—	$	75,977,435

Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.2%
REITs - 91.7%
REITs-Diversified - 23.1%
American Tower Corp. — Class A		874	$	169,888
Equinix, Inc.		199		150,563
Digital Realty Trust, Inc.		844		128,330
Crown Castle, Inc.		1,185		115,774
VICI Properties, Inc.		3,463		99,180
SBA Communications Corp.		418		82,053
Weyerhaeuser Co.		2,867		81,394
Lamar Advertising Co. — Class A		536		64,068
Gaming and Leisure Properties, Inc.		1,387		62,706
WP Carey, Inc.		1,118		61,546
Vornado Realty Trust		1,500		39,435
National Storage Affiliates Trust		912		37,593
EPR Properties		770		32,325
PotlatchDeltic Corp.		797		31,394
Outfront Media, Inc.		1,850		26,455
Uniti Group, Inc.		3,535		10,322
Total REITs-Diversified				1,193,026
REITs-Apartments - 12.6%
AvalonBay Communities, Inc.		480		99,307
Equity Residential		1,345		93,262
Invitation Homes, Inc.		2,318		83,193
Essex Property Trust, Inc.		276		75,127
Mid-America Apartment Communities, Inc.		519		74,015
UDR, Inc.		1,626		66,910
American Homes 4 Rent — Class A		1,710		63,544
Camden Property Trust		564		61,538
Independence Realty Trust, Inc.		2,024		37,930
Total REITs-Apartments				654,826
REITs-Health Care - 9.5%
Welltower, Inc.		1,371		142,927
Ventas, Inc.		1,622		83,144
Healthpeak Properties, Inc.		3,410		66,836
Omega Healthcare Investors, Inc.		1,583		54,218
Healthcare Realty Trust, Inc.		2,712		44,694
Sabra Health Care REIT, Inc.		2,278		35,081
CareTrust REIT, Inc.		1,346		33,785
Medical Properties Trust, Inc.1		6,329		27,278
Total REITs-Health Care				487,963
REITs-Warehouse/Industries - 9.2%
Prologis, Inc.		1,641		184,301
Rexford Industrial Realty, Inc.		1,250		55,737
EastGroup Properties, Inc.		307		52,221
Americold Realty Trust, Inc.		1,887		48,194
STAG Industrial, Inc.		1,321		47,635
First Industrial Realty Trust, Inc.		952		45,230
Terreno Realty Corp.		728		43,083
Total REITs-Warehouse/Industries				476,401
REITs-Storage - 7.3%
Public Storage		427		122,827
Extra Space Storage, Inc.		654		101,638
Iron Mountain, Inc.		1,041		93,294
CubeSmart		1,275		57,592
Total REITs-Storage				375,351
REITs-Office Property - 7.1%
Alexandria Real Estate Equities, Inc.		692		80,943
BXP, Inc.		869		53,496
SL Green Realty Corp.1		616		34,890
Kilroy Realty Corp.		1,091		34,006
Cousins Properties, Inc.		1,467		33,961
Highwoods Properties, Inc.		1,154		30,316
LXP Industrial Trust		3,275		29,868
Douglas Emmett, Inc.		1,993		26,527
JBG SMITH Properties		1,423		21,672
Hudson Pacific Properties, Inc.		3,065		14,743
Total REITs-Office Property				360,422
REITs-Shopping Centers - 6.9%
Kimco Realty Corp.		3,360		65,386
Regency Centers Corp.		997		62,013
Federal Realty Investment Trust		510		51,495
Brixmor Property Group, Inc.		2,075		47,912
Kite Realty Group Trust		1,786		39,971
Phillips Edison & Company, Inc.		1,175		38,434
SITE Centers Corp.		2,057		29,827
Retail Opportunity Investments Corp.		1,782		22,150
Total REITs-Shopping Centers				357,188
REITs-Single Tenant - 5.0%
Realty Income Corp.		2,298		121,380
NNN REIT, Inc.		1,182		50,353
Agree Realty Corp.		723		44,783
Essential Properties Realty Trust, Inc.		1,427		39,542
Total REITs-Single Tenant				256,058
REITs-Hotels - 4.2%
Host Hotels & Resorts, Inc.		3,548		63,793
Ryman Hospitality Properties, Inc.		433		43,239
Apple Hospitality REIT, Inc.		2,202		32,017
Park Hotels & Resorts, Inc.		2,057		30,814
Sunstone Hotel Investors, Inc.		2,551		26,683
Pebblebrook Hotel Trust		1,650		22,687
Total REITs-Hotels				219,233
REITs-Regional Malls - 3.7%
Simon Property Group, Inc.		819		124,324
Macerich Co.		2,168		33,474
Tanger, Inc.		1,123		30,445
Total REITs-Regional Malls				188,243
REITs-Manufactured Homes - 2.6%
Sun Communities, Inc.		588		70,760
Equity LifeStyle Properties, Inc.		939		61,157
Total REITs-Manufactured Homes				131,917
Specialized Reits - 0.5%
DiamondRock Hospitality Co.		2,847		24,057
Total REITs				4,724,685
Real Estate - 5.7%
Real Estate Management/Services - 3.8%
CBRE Group, Inc. — Class A*		1,053		93,833
Jones Lang LaSalle, Inc.*		222		45,572
Cushman & Wakefield plc*		2,595		26,988
eXp World Holdings, Inc.		1,534		17,311

Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.2% (continued)
Real Estate - 5.7% (continued)
Real Estate Management/Services - 3.8% (continued)
Redfin Corp.*		2,463	$	14,803
Total Real Estate Management/Services				198,507
Research & Consulting Services - 1.9%
CoStar Group, Inc.*		1,333		98,828
Total Real Estate				297,335
Internet - 1.2%
E-Commerce/Services - 1.2%
Zillow Group, Inc. — Class C*		1,175		54,508
Opendoor Technologies, Inc.*		4,629		8,518
Total E-Commerce/Services				63,026
Total Internet				63,026
Telecommunications - 0.6%
Telecom Services - 0.6%
DigitalBridge Group, Inc.		2,119		29,030
Total Common Stocks
(Cost $4,413,527)				5,114,076

	Face Amount
REPURCHASE AGREEMENTS††,2 - 0.5%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	13,316	13,316
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		10,498	10,498
Total Repurchase Agreements
(Cost $23,814)			23,814

	Shares
SECURITIES LENDING COLLATERAL†,3 - 0.9%
Money Market Fund***
First American Government Obligations Fund - Class X, 5.23%4		44,116		44,116
Total Securities Lending Collateral
(Cost $44,116)				44,116
Total Investments - 100.6%
(Cost $4,481,457)			$	5,182,006
Other Assets & Liabilities, net - (0.6)%				(30,375	)
Total Net Assets - 100.0%			$	5,151,631

*	Non-income producing security.
***	A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Repurchase Agreements — See Note 4.
3	Securities lending collateral — See Note 5.
4	Rate indicated is the 7-day yield as of June 30, 2024.

plc — Public Limited Company

REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	5,114,076	$	—	$	—	$	5,114,076
Repurchase Agreements		—		23,814		—		23,814
Securities Lending Collateral		44,116		—		—		44,116
Total Assets	$	5,158,192	$	23,814	$	—	$	5,182,006

Retailing Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.5%
Retail - 68.6%
Costco Wholesale Corp.		577	$	490,444
Walmart, Inc.		6,525		441,808
Home Depot, Inc.		1,255		432,021
TJX Companies, Inc.		3,672		404,287
Lowe’s Companies, Inc.		1,805		397,930
Target Corp.		2,040		302,002
O’Reilly Automotive, Inc.*		276		291,473
Ross Stores, Inc.		1,701		247,189
Dollar General Corp.		1,527		201,915
Tractor Supply Co.		707		190,890
AutoZone, Inc.*		63		186,738
Dollar Tree, Inc.*		1,582		168,910
Genuine Parts Co.		1,142		157,962
Ulta Beauty, Inc.*		391		150,875
Dick’s Sporting Goods, Inc.		687		147,602
Best Buy Company, Inc.		1,711		144,220
Burlington Stores, Inc.*		596		143,040
Williams-Sonoma, Inc.		503		142,032
CarMax, Inc.*		1,704		124,971
BJ’s Wholesale Club Holdings, Inc.*		1,404		123,327
Abercrombie & Fitch Co. — Class A*		597		106,171
Floor & Decor Holdings, Inc. — Class A*		1,040		103,386
Bath & Body Works, Inc.		2,580		100,749
Carvana Co.*		770		99,114
Murphy USA, Inc.		206		96,709
Ollie’s Bargain Outlet Holdings, Inc.*		966		94,832
Walgreens Boots Alliance, Inc.		7,807		94,426
GameStop Corp. — Class A*,1		3,721		91,872
Five Below, Inc.*		798		86,958
Gap, Inc.		3,571		85,311
Lithia Motors, Inc. — Class A		334		84,318
Macy’s, Inc.		4,278		82,138
AutoNation, Inc.*		508		80,965
Signet Jewelers Ltd.		836		74,889
Academy Sports & Outdoors, Inc.		1,372		73,059
Boot Barn Holdings, Inc.*		554		71,427
Advance Auto Parts, Inc.		1,106		70,043
American Eagle Outfitters, Inc.		3,335		66,567
RH*		266		65,021
Urban Outfitters, Inc.*		1,441		59,153
Kohl’s Corp.		2,532		58,211
Nordstrom, Inc.		2,640		56,021
Foot Locker, Inc.		2,191		54,600
Victoria’s Secret & Co.*		2,395		42,320
National Vision Holdings, Inc.*		2,707		35,435
Leslie’s, Inc.*		6,844		28,676
Petco Health & Wellness Company, Inc.*,1		5,639		21,315
Total Retail				6,873,322
Internet - 26.0%
Amazon.com, Inc.*		5,665		1,094,761
PDD Holdings, Inc. ADR*		1,770		235,322
MercadoLibre, Inc.*		131		215,285
Alibaba Group Holding Ltd. ADR		2,878		207,216
eBay, Inc.		3,484		187,161
Coupang, Inc.*		8,491		177,887
JD.com, Inc. ADR		6,110		157,882
Chewy, Inc. — Class A*		4,430		120,673
Etsy, Inc.*		1,595		94,073
Wayfair, Inc. — Class A*		1,689		89,061
Beyond, Inc.*		2,080		27,206
Total Internet				2,606,527
Distribution & Wholesale - 2.4%
LKQ Corp.		2,899		120,570
Pool Corp.		383		117,707
Total Distribution & Wholesale				238,277
Software - 1.6%
Global-e Online Ltd*		4,386		159,080
Commercial Services - 0.9%
Valvoline, Inc.*		1,983		85,666
Total Common Stocks
(Cost $6,854,917)				9,962,872

	Face Amount
REPURCHASE AGREEMENTS††,2 - 0.6%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	31,526	31,526
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		24,854	24,854
Total Repurchase Agreements
(Cost $56,380)			56,380

	Shares
SECURITIES LENDING COLLATERAL†,3 - 0.8%
Money Market Fund**
First American Government Obligations Fund - Class X, 5.23%4		79,743		79,743
Total Securities Lending Collateral
(Cost $79,743)				79,743
Total Investments - 100.9%
(Cost $6,991,040)			$	10,098,995
Other Assets & Liabilities, net - (0.9)%				(85,966	)
Total Net Assets - 100.0%			$	10,013,029

*	Non-income producing security.
**	A copy of each underlying unaffiliated fund’s financial statements is available at the SEC’s website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Repurchase Agreements — See Note 4.

Retailing Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

3	Securities lending collateral — See Note 5.
4	Rate indicated is the 7-day yield as of June 30, 2024.

ADR — American Depositary Receipt

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	9,962,872	$	—	$	—	$	9,962,872
Repurchase Agreements		—		56,380		—		56,380
Securities Lending Collateral		79,743		—		—		79,743
Total Assets	$	10,042,615	$	56,380	$	—	$	10,098,995

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 64.8%
Consumer, Non-cyclical - 15.4%
Insmed, Inc.*	245	$	16,415
Sprouts Farmers Market, Inc.*	159		13,302
Vaxcyte, Inc.*	172		12,988
HealthEquity, Inc.*	133		11,465
Ensign Group, Inc.	87		10,761
Blueprint Medicines Corp.*	99		10,670
Halozyme Therapeutics, Inc.*	197		10,315
Cytokinetics, Inc.*	176		9,536
REVOLUTION Medicines, Inc.*	240		9,314
Glaukos Corp.*	77		9,113
Lantheus Holdings, Inc.*	107		8,591
Madrigal Pharmaceuticals, Inc.*	28		7,844
Merit Medical Systems, Inc.*	90		7,735
TransMedics Group, Inc.*	51		7,682
Option Care Health, Inc.*	275		7,617
Brink’s Co.	71		7,270
Krystal Biotech, Inc.*	39		7,162
Haemonetics Corp.*	79		6,536
Avidity Biosciences, Inc.*	159		6,495
Alkermes plc*	265		6,387
Integer Holdings Corp.*	53		6,137
RadNet, Inc.*	104		6,128
Select Medical Holdings Corp.	168		5,890
Herc Holdings, Inc.	44		5,865
Lancaster Colony Corp.	31		5,858
CBIZ, Inc.*	76		5,632
Bridgebio Pharma, Inc.*	222		5,623
Alight, Inc. — Class A*	749		5,528
Crinetics Pharmaceuticals, Inc.*	123		5,509
Korn Ferry	82		5,505
Primo Water Corp.	249		5,443
StoneCo Ltd. — Class A*	451		5,407
Axonics, Inc.*	80		5,378
Neogen Corp.*	344		5,377
Guardant Health, Inc.*	186		5,372
Prestige Consumer Healthcare, Inc.*	78		5,370
iRhythm Technologies, Inc.*	49		5,274
Simply Good Foods Co.*	144		5,203
Insperity, Inc.	57		5,199
TriNet Group, Inc.	51		5,100
ABM Industries, Inc.	100		5,057
Arrowhead Pharmaceuticals, Inc.*	188		4,886
Oscar Health, Inc. — Class A*	307		4,857
Alarm.com Holdings, Inc.*	76		4,829
Stride, Inc.*	67		4,723
LivaNova plc*	86		4,715
WD-40 Co.	21		4,612
Amicus Therapeutics, Inc.*	463		4,593
Axsome Therapeutics, Inc.*	57		4,588
Denali Therapeutics, Inc.*	196		4,551
Twist Bioscience Corp.*	91		4,484
Dyne Therapeutics, Inc.*	127		4,482
ICF International, Inc.	29		4,305
Adtalem Global Education, Inc.*	62		4,229
Ideaya Biosciences, Inc.*	118		4,143
Corcept Therapeutics, Inc.*	127		4,126
Tandem Diabetes Care, Inc.*	102		4,110
Biohaven Ltd.*	118		4,096
PROCEPT BioRobotics Corp.*	67		4,093
SpringWorks Therapeutics, Inc.*	108		4,068
ICU Medical, Inc.*	34		4,037
Marqeta, Inc. — Class A*	735		4,028
Inari Medical, Inc.*	83		3,996
Cal-Maine Foods, Inc.	65		3,972
ADMA Biologics, Inc.*	355		3,969
TG Therapeutics, Inc.*	220		3,914
J & J Snack Foods Corp.	24		3,897
Strategic Education, Inc.	35		3,873
Geron Corp.*	908		3,850
Agios Pharmaceuticals, Inc.*	89		3,838
Progyny, Inc.*	133		3,805
Nuvalent, Inc. — Class A*	50		3,793
Celldex Therapeutics, Inc.*	102		3,775
Arcellx, Inc.*	68		3,753
STAAR Surgical Co.*	78		3,714
PTC Therapeutics, Inc.*	120		3,670
CorVel Corp.*	14		3,560
Rhythm Pharmaceuticals, Inc.*	86		3,531
Graham Holdings Co. — Class B	5		3,498
Vericel Corp.*	76		3,487
Myriad Genetics, Inc.*	141		3,449
Helen of Troy Ltd.*	37		3,431
Intellia Therapeutics, Inc.*	152		3,402
CONMED Corp.	49		3,397
EVERTEC, Inc.	102		3,391
Inter Parfums, Inc.	29		3,365
RxSight, Inc.*	54		3,249
Iovance Biotherapeutics, Inc.*	399		3,200
Protagonist Therapeutics, Inc.*	92		3,188
LiveRamp Holdings, Inc.*	103		3,187
agilon health, Inc.*	486		3,178
Laureate Education, Inc. — Class A	211		3,152
Integra LifeSciences Holdings Corp.*	108		3,147
Edgewell Personal Care Co.	78		3,135
Flywire Corp.*	190		3,114
AMN Healthcare Services, Inc.*	60		3,074
ACADIA Pharmaceuticals, Inc.*	189		3,071
Patterson Companies, Inc.	127		3,063
Addus HomeCare Corp.*	25		2,903
UFP Technologies, Inc.*	11		2,903
Surgery Partners, Inc.*	121		2,879
Novocure Ltd.*	168		2,878
Beam Therapeutics, Inc.*	121		2,835
Catalyst Pharmaceuticals, Inc.*	183		2,835
Novavax, Inc.*	223		2,823
TreeHouse Foods, Inc.*	77		2,821
GEO Group, Inc.*	196		2,815
NeoGenomics, Inc.*	201		2,788
Remitly Global, Inc.*	229		2,775
Astrana Health, Inc.*	68		2,758
Huron Consulting Group, Inc.*	28		2,758
Ardelyx, Inc.*	366		2,712
Central Garden & Pet Co. — Class A*	82		2,708
Arvinas, Inc.*	101		2,689
Syndax Pharmaceuticals, Inc.*	130		2,669
LeMaitre Vascular, Inc.	32		2,633
Veracyte, Inc.*	121		2,622
Teladoc Health, Inc.*	268		2,621
Upbound Group, Inc.	85		2,609
Cimpress plc*	29		2,541
Andersons, Inc.	51		2,530

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
Akero Therapeutics, Inc.*	107	$	2,510
Payoneer Global, Inc.*	446		2,471
Vector Group Ltd.	232		2,452
Recursion Pharmaceuticals, Inc. — Class A*	326		2,445
Amphastar Pharmaceuticals, Inc.*	61		2,440
Immunovant, Inc.*	92		2,429
Vital Farms, Inc.*	51		2,385
Kura Oncology, Inc.*	114		2,347
Dynavax Technologies Corp.*	208		2,336
PROG Holdings, Inc.	67		2,324
John Wiley & Sons, Inc. — Class A	57		2,320
Inmode Ltd.*	125		2,280
Ligand Pharmaceuticals, Inc. — Class B*	27		2,275
CoreCivic, Inc.*	174		2,259
Apogee Therapeutics, Inc.*	57		2,243
Rocket Pharmaceuticals, Inc.*	104		2,239
US Physical Therapy, Inc.	24		2,218
Vera Therapeutics, Inc.*	61		2,207
Perdoceo Education Corp.	103		2,206
MannKind Corp.*	418		2,182
National Healthcare Corp.	20		2,168
Chefs’ Warehouse, Inc.*	55		2,151
Morphic Holding, Inc.*	63		2,146
Mirum Pharmaceuticals, Inc.*	62		2,120
Supernus Pharmaceuticals, Inc.*	79		2,113
Keros Therapeutics, Inc.*	46		2,102
Kymera Therapeutics, Inc.*	70		2,089
Brookdale Senior Living, Inc. — Class A*	302		2,063
Pacira BioSciences, Inc.*	72		2,060
Edgewise Therapeutics, Inc.*	114		2,053
Avadel Pharmaceuticals plc*	146		2,053
BioCryst Pharmaceuticals, Inc.*	326		2,015
Nurix Therapeutics, Inc.*	95		1,983
Arlo Technologies, Inc.*	150		1,956
Omnicell, Inc.*	72		1,949
National Beverage Corp.	37		1,896
CRA International, Inc.	11		1,894
ANI Pharmaceuticals, Inc.*	29		1,847
Janux Therapeutics, Inc.*	44		1,843
Universal Corp.	38		1,831
Legalzoom.com, Inc.*	217		1,821
Kforce, Inc.	29		1,802
Xencor, Inc.*	94		1,779
Vita Coco Company, Inc.*	62		1,727
Utz Brands, Inc.	103		1,714
AtriCure, Inc.*	75		1,708
WK Kellogg Co.	103		1,695
Alphatec Holdings, Inc.*	162		1,693
Silk Road Medical, Inc.*	62		1,676
Ocular Therapeutix, Inc.*	245		1,676
Transcat, Inc.*	14		1,676
4D Molecular Therapeutics, Inc.*	79		1,658
Collegium Pharmaceutical, Inc.*	51		1,642
Herbalife Ltd.*	158		1,642
MGP Ingredients, Inc.	22		1,637
Weis Markets, Inc.	26		1,632
Artivion, Inc.*	63		1,616
Owens & Minor, Inc.*	119		1,606
AdaptHealth Corp.*	160		1,600
Amneal Pharmaceuticals, Inc.*	251		1,594
Ingles Markets, Inc. — Class A	23		1,578
Tarsus Pharmaceuticals, Inc.*	58		1,576
Deluxe Corp.	70		1,572
Coursera, Inc.*	217		1,554
Arcutis Biotherapeutics, Inc.*	167		1,553
Repay Holdings Corp.*	143		1,510
Ironwood Pharmaceuticals, Inc. — Class A*	223		1,454
Krispy Kreme, Inc.	135		1,453
Harmony Biosciences Holdings, Inc.*	48		1,448
Dole plc	118		1,444
Quanex Building Products Corp.	52		1,438
Avanos Medical, Inc.*	72		1,434
Soleno Therapeutics, Inc.*	35		1,428
Innoviva, Inc.*	87		1,427
ImmunityBio, Inc.*,1	223		1,409
Prothena Corporation plc*	67		1,383
Longboard Pharmaceuticals, Inc.*	51		1,379
John B Sanfilippo & Son, Inc.	14		1,360
Barrett Business Services, Inc.	40		1,311
Arcus Biosciences, Inc.*	86		1,310
Neumora Therapeutics, Inc.*	133		1,307
Udemy, Inc.*	151		1,303
MiMedx Group, Inc.*	187		1,296
Spyre Therapeutics, Inc.*	55		1,293
Aurinia Pharmaceuticals, Inc.*	226		1,290
Viridian Therapeutics, Inc.*	99		1,288
First Advantage Corp.	80		1,286
Enliven Therapeutics, Inc.*	55		1,285
Vir Biotechnology, Inc.*	141		1,255
Maravai LifeSciences Holdings, Inc. — Class A*	174		1,246
Healthcare Services Group, Inc.*	116		1,227
CareDx, Inc.*	79		1,227
Cogent Biosciences, Inc.*	145		1,222
United Natural Foods, Inc.*	93		1,218
BioLife Solutions, Inc.*	56		1,200
Driven Brands Holdings, Inc.*	94		1,197
Matthews International Corp. — Class A	47		1,177
Disc Medicine, Inc.*	26		1,172
CG oncology, Inc.*	37		1,168
Fresh Del Monte Produce, Inc.	53		1,158
PACS Group, Inc.*	39		1,150
Embecta Corp.	91		1,137
Sana Biotechnology, Inc.*	208		1,136
Day One Biopharmaceuticals, Inc.*	82		1,130
Monro, Inc.	47		1,121
Praxis Precision Medicines, Inc.*	27		1,117
Kiniksa Pharmaceuticals International plc*	59		1,102
Liquidia Corp.*	91		1,092
Viad Corp.*	32		1,088
Summit Therapeutics, Inc.*	138		1,076
Pennant Group, Inc.*	46		1,067
Cytek Biosciences, Inc.*	191		1,066
Cullinan Therapeutics, Inc.*	61		1,064
Mister Car Wash, Inc.*	148		1,054
Kelly Services, Inc. — Class A	49		1,049
ZipRecruiter, Inc. — Class A*	113		1,027
89bio, Inc.*	128		1,025
Relay Therapeutics, Inc.*	157		1,024
SpartanNash Co.	54		1,013

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
Heidrick & Struggles International, Inc.	32	$	1,011
Pediatrix Medical Group, Inc.*	133		1,004
Harrow, Inc.*,1	48		1,003
B&G Foods, Inc.	123		994
Dianthus Therapeutics, Inc.*	38		983
Immunome, Inc.*	81		980
Universal Technical Institute, Inc.*	62		975
Hain Celestial Group, Inc.*	141		974
Pliant Therapeutics, Inc.*	90		967
BrightSpring Health Services, Inc.*	85		966
Moneylion, Inc.*	13		956
Travere Therapeutics, Inc.*	116		954
PetIQ, Inc.*	43		949
Evolus, Inc.*	87		944
BrightView Holdings, Inc.*	70		931
Surmodics, Inc.*	22		925
Sage Therapeutics, Inc.*	85		923
LifeStance Health Group, Inc.*	188		923
V2X, Inc.*	19		911
UroGen Pharma Ltd.*,1	54		906
Atrion Corp.	2		905
Paysafe Ltd.*	51		902
Scholar Rock Holding Corp.*	108		900
Varex Imaging Corp.*	61		899
Castle Biosciences, Inc.*	41		893
Arcturus Therapeutics Holdings, Inc.*	36		877
Ennis, Inc.	40		876
Hackett Group, Inc.	40		869
Turning Point Brands, Inc.	27		867
REGENXBIO, Inc.*	73		854
Cass Information Systems, Inc.	21		841
SI-BONE, Inc.*	64		827
Nuvation Bio, Inc.*	283		826
Mind Medicine MindMed, Inc.*	113		815
USANA Health Sciences, Inc.*	18		814
I3 Verticals, Inc. — Class A*	36		795
Green Dot Corp. — Class A*	84		794
Cassava Sciences, Inc.*	64		790
Zimvie, Inc.*	43		785
SunOpta, Inc.*	145		783
AnaptysBio, Inc.*	31		777
Sterling Check Corp.*	52		770
Stoke Therapeutics, Inc.*	56		757
Quanterix Corp.*	57		753
Zymeworks, Inc.*	88		749
OrthoPediatrics Corp.*	26		748
Altimmune, Inc.*	112		745
Perspective Therapeutics, Inc.*	74		738
Corbus Pharmaceuticals Holdings, Inc.*	16		724
HilleVax, Inc.*	50		723
Cross Country Healthcare, Inc.*	52		720
Replimune Group, Inc.*	79		711
Applied Therapeutics, Inc.*	152		710
KalVista Pharmaceuticals, Inc.*	60		707
Orthofix Medical, Inc.*	53		703
Y-mAbs Therapeutics, Inc.*	58		701
Avid Bioservices, Inc.*	98		700
Enhabit, Inc.*	78		696
ACCO Brands Corp.	147		691
EyePoint Pharmaceuticals, Inc.*	79		687
ORIC Pharmaceuticals, Inc.*	97		686
Franklin Covey Co.*	18		684
Mission Produce, Inc.*	69		682
Olema Pharmaceuticals, Inc.*	63		682
Hertz Global Holdings, Inc.*	193		681
Arbutus Biopharma Corp.*	220		680
Humacyte, Inc.*	139		667
Community Health Systems, Inc.*	198		665
ARS Pharmaceuticals, Inc.*	78		664
Adaptive Biotechnologies Corp.*	183		662
Esperion Therapeutics, Inc.*	298		662
Annexon, Inc.*	133		652
Heron Therapeutics, Inc.*	185		647
MaxCyte, Inc.*	165		647
Astria Therapeutics, Inc.*	71		646
Tango Therapeutics, Inc.*	75		643
OPKO Health, Inc.*,1	513		641
Beyond Meat, Inc.*,1	94		631
Fulgent Genetics, Inc.*	32		628
Ocugen, Inc.*	403		625
Nano-X Imaging Ltd.*,1	85		624
Terns Pharmaceuticals, Inc.*	91		620
Savara, Inc.*	153		617
Editas Medicine, Inc.*	131		612
WaVe Life Sciences Ltd.*	122		609
iTeos Therapeutics, Inc.*	41		608
Fulcrum Therapeutics, Inc.*	98		608
Celcuity, Inc.*	37		606
Duckhorn Portfolio, Inc.*	84		596
Carriage Services, Inc. — Class A	22		590
Pacific Biosciences of California, Inc.*,1	431		590
Calavo Growers, Inc.	26		590
Anika Therapeutics, Inc.*	23		583
Neurogene, Inc.*	16		582
Central Garden & Pet Co.*	15		578
Voyager Therapeutics, Inc.*	73		577
Willdan Group, Inc.*	20		577
Alector, Inc.*	127		577
iRadimed Corp.	13		571
Taysha Gene Therapies, Inc.*	252		564
Resources Connection, Inc.	51		563
Tejon Ranch Co.*	33		563
Phathom Pharmaceuticals, Inc.*	54		556
Entrada Therapeutics, Inc.*	39		556
SIGA Technologies, Inc.	73		554
Aura Biosciences, Inc.*	73		552
National Research Corp. — Class A	24		551
Verve Therapeutics, Inc.*	112		547
OmniAb, Inc.*	145		544
Westrock Coffee Co.*	53		542
Limoneira Co.	26		541
Phibro Animal Health Corp. — Class A	32		537
Agenus, Inc.*	32		536
Mineralys Therapeutics, Inc.*	45		526
European Wax Center, Inc. — Class A*	53		526
Fate Therapeutics, Inc.*	158		518
Treace Medical Concepts, Inc.*	77		512
Tyra Biosciences, Inc.*	32		512
Distribution Solutions Group, Inc.*	17		510
Cargo Therapeutics, Inc.*	31		509
Cabaletta Bio, Inc.*	68		509
Vanda Pharmaceuticals, Inc.*	90		508

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
ACELYRIN, Inc.*	115	$	507
Paragon 28, Inc.*	74		506
OraSure Technologies, Inc.*	118		503
BRC, Inc. — Class A*	82		503
Cerus Corp.*	284		500
Xeris Biopharma Holdings, Inc.*	221		497
GeneDx Holdings Corp.*	19		497
Chegg, Inc.*	157		496
DocGo, Inc.*	160		494
TrueBlue, Inc.*	48		494
Theravance Biopharma, Inc.*	58		492
Nkarta, Inc.*	83		491
Aaron’s Company, Inc.	49		489
Lincoln Educational Services Corp.*	41		486
Anavex Life Sciences Corp.*,1	115		485
Axogen, Inc.*	67		485
Nevro Corp.*	57		480
Larimar Therapeutics, Inc.*	66		478
ModivCare, Inc.*	18		472
Tourmaline Bio, Inc.	36		463
Seneca Foods Corp. — Class A*	8		459
Prime Medicine, Inc.*	89		457
Target Hospitality Corp.*	52		453
Tactile Systems Technology, Inc.*	37		442
American Public Education, Inc.*	25		439
C4 Therapeutics, Inc.*	92		425
Revance Therapeutics, Inc.*	164		421
Erasca, Inc.*	178		420
Accolade, Inc.*	117		419
Enanta Pharmaceuticals, Inc.*	32		415
MacroGenics, Inc.*	97		412
Jasper Therapeutics, Inc.*	18		409
Atea Pharmaceuticals, Inc.*	122		404
Third Harmonic Bio, Inc.*	31		403
Absci Corp.*	126		388
Allogene Therapeutics, Inc.*	166		387
PepGen, Inc.*	24		383
Pulmonx Corp.*	60		380
Spire Global, Inc.*	35		379
Sutro Biopharma, Inc.*	129		378
CorMedix, Inc.*	87		377
Medifast, Inc.	17		371
Village Super Market, Inc. — Class A	14		370
Zentalis Pharmaceuticals, Inc.*	90		368
Honest Company, Inc.*	126		368
Lyell Immunopharma, Inc.*	253		367
AngioDynamics, Inc.*	60		363
Inozyme Pharma, Inc.*	81		361
Mersana Therapeutics, Inc.*	179		360
Omeros Corp.*	88		357
TScan Therapeutics, Inc.*	61		357
Viemed Healthcare, Inc.*	54		354
Sezzle, Inc.*	4		353
Mama’s Creations, Inc.*	52		351
Nektar Therapeutics*	281		348
Custom Truck One Source, Inc.*	80		348
Actinium Pharmaceuticals, Inc.*	47		348
ADC Therapeutics S.A.*	110		348
LENZ Therapeutics, Inc.1	20		346
Bioventus, Inc. — Class A*	59		339
Korro Bio, Inc.*	10		339
Alta Equipment Group, Inc.	42		338
Olaplex Holdings, Inc.*	219		337
Akebia Therapeutics, Inc.*	328		335
Utah Medical Products, Inc.	5		334
Forrester Research, Inc.*	19		325
Pulse Biosciences, Inc.*	29		324
Zevra Therapeutics, Inc.*	66		323
Inovio Pharmaceuticals, Inc.*	40		323
Performant Financial Corp.*	111		322
Biote Corp. — Class A*,1	43		321
Organogenesis Holdings, Inc.*	114		319
Natural Grocers by Vitamin Cottage, Inc.	15		318
Avita Medical, Inc.*	40		317
Precigen, Inc.*	200		316
Poseida Therapeutics, Inc.*	108		315
ALX Oncology Holdings, Inc.*	52		314
XOMA Corp.*	13		308
Aquestive Therapeutics, Inc.*	117		304
Lexicon Pharmaceuticals, Inc.*	181		304
Orchestra BioMed Holdings, Inc.*	37		302
Nature’s Sunshine Products, Inc.*	20		301
Coherus Biosciences, Inc.*	174		301
Inogen, Inc.*	37		301
Acacia Research Corp.*	60		301
Bluebird Bio, Inc.*	302		297
Cartesian Therapeutics, Inc.*	11		297
2seventy bio, Inc.*	77		296
Alico, Inc.	11		285
ArriVent Biopharma, Inc.*	15		278
Trevi Therapeutics, Inc.*	93		277
Black Diamond Therapeutics, Inc.*	59		275
Accuray, Inc.*	151		275
Nathan’s Famous, Inc.	4		271
Tenaya Therapeutics, Inc.*	87		270
Aldeyra Therapeutics, Inc.*	79		261
Sera Prognostics, Inc. — Class A*	44		260
MeiraGTx Holdings plc*	61		257
Lexeo Therapeutics, Inc.*	16		257
Quad/Graphics, Inc.	47		256
Pyxis Oncology, Inc.*	77		255
Achieve Life Sciences, Inc.*	54		254
CVRx, Inc.*	21		252
Whole Earth Brands, Inc.*	51		248
ProKidney Corp.*	99		244
Inhibrx Biosciences, Inc.*	17		241
Semler Scientific, Inc.*	7		241
Ispire Technology, Inc.*	30		240
Shattuck Labs, Inc.*	62		239
Joint Corp.*	17		239
Atossa Therapeutics, Inc.*	199		237
Cibus, Inc.*	24		236
Lineage Cell Therapeutics, Inc.*	233		232
Foghorn Therapeutics, Inc.*	40		230
Adverum Biotechnologies, Inc.*	33		226
Aveanna Healthcare Holdings, Inc.*	82		226
Fennec Pharmaceuticals, Inc.*	37		226
Beauty Health Co.*	117		225
Rigel Pharmaceuticals, Inc.*	27		224
Zynex, Inc.*	24		224
Ventyx Biosciences, Inc.*	96		222
Elevation Oncology, Inc.*	82		221
Generation Bio Co.*	78		220
Verrica Pharmaceuticals, Inc.*	30		219

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
Scilex Holding Co.*	113	$	218
CPI Card Group, Inc.*	8		218
Skye Bioscience, Inc.*	27		216
Caribou Biosciences, Inc.*	130		213
Puma Biotechnology, Inc.*	65		212
InfuSystem Holdings, Inc.*	31		212
ChromaDex Corp.*	77		210
Quipt Home Medical Corp.*	64		206
Cadiz, Inc.*	66		204
Kyverna Therapeutics, Inc.*	27		202
MediWound Ltd.*	13		202
Fibrobiologics, Inc.*	40		200
Solid Biosciences, Inc.*	35		198
Biomea Fusion, Inc.*	44		198
scPharmaceuticals, Inc.*	45		196
SoundThinking, Inc.*	16		195
Contineum Therapeutics, Inc. — Class A*	11		194
Candel Therapeutics, Inc.*	31		192
Capricor Therapeutics, Inc.*	40		191
CompoSecure, Inc. — Class A	28		190
Alimera Sciences, Inc.*	34		189
HF Foods Group, Inc.*	63		189
Century Therapeutics, Inc.*	72		184
Harvard Bioscience, Inc.*	64		182
Nautilus Biotechnology, Inc.*	77		180
Monte Rosa Therapeutics, Inc.*	48		180
Q32 Bio, Inc.*	10		179
Regulus Therapeutics, Inc.*	100		178
G1 Therapeutics, Inc.*	78		178
Veru, Inc.*	208		175
Lifecore Biomedical, Inc.*	34		174
Sanara Medtech, Inc.*	6		169
Inmune Bio, Inc.*	19		168
NeuroPace, Inc.*	22		166
Quantum-Si, Inc.*	158		166
IGM Biosciences, Inc.*	24		165
Information Services Group, Inc.	56		165
Design Therapeutics, Inc.*	49		164
Compass Therapeutics, Inc.*	161		161
Acumen Pharmaceuticals, Inc.*	66		160
Stereotaxis, Inc.*	86		157
Greenwich Lifesciences, Inc.*	9		155
CervoMed, Inc.*	9		154
X4 Pharmaceuticals, Inc.*	265		154
Priority Technology Holdings, Inc.*	29		153
Alto Neuroscience, Inc.*	14		150
XBiotech, Inc.*	29		149
Innovage Holding Corp.*	30		149
RAPT Therapeutics, Inc.*	47		143
Waldencast plc — Class A*	39		140
FiscalNote Holdings, Inc.*	95		139
Cardiff Oncology, Inc.*	62		138
Invivyd, Inc.*	125		137
Sonida Senior Living, Inc.*	5		137
DLH Holdings Corp.*	13		137
Emerald Holding, Inc.*	24		137
Renovaro, Inc.*	77		135
Gyre Therapeutics, Inc.*	11		131
Kodiak Sciences, Inc.*	51		120
Verastem, Inc.*	40		119
Werewolf Therapeutics, Inc.*	48		117
Zura Bio Ltd.*	32		112
HireQuest, Inc.	9		111
Acrivon Therapeutics, Inc.*	19		110
Akoya Biosciences, Inc.*	42		98
Forafric Global plc*	9		96
Lifeway Foods, Inc.*	7		89
Outlook Therapeutics, Inc.*	12		89
AirSculpt Technologies, Inc.*	21		84
Prelude Therapeutics, Inc.*	21		80
Eliem Therapeutics, Inc.*	11		78
Galectin Therapeutics, Inc.*	32		72
Ovid therapeutics, Inc.*	93		72
MarketWise, Inc.	61		71
Fractyl Health, Inc.*	12		51
Metagenomi, Inc.*	10		41
Boundless Bio, Inc.*	10		39
Telomir Pharmaceuticals, Inc.*	8		38
Conduit Pharmaceuticals, Inc.*	36		38
Aerovate Therapeutics, Inc.*	21		35
Tevogen Bio Holdings, Inc.*	34		25
Lyra Therapeutics, Inc.*	76		21
Ligand Pharmaceuticals, Inc.*,††	24		–
Total Consumer, Non-cyclical			921,956
Financial - 14.9%
FTAI Aviation Ltd.	157		16,207
Essent Group Ltd.	165		9,272
Ryman Hospitality Properties, Inc. REIT	92		9,187
SouthState Corp.	120		9,170
Selective Insurance Group, Inc.	96		9,008
Terreno Realty Corp. REIT	151		8,936
Jackson Financial, Inc. — Class A	120		8,911
Marathon Digital Holdings, Inc.*	431		8,555
Old National Bancorp	496		8,526
Mr Cooper Group, Inc.*	101		8,204
Cadence Bank	287		8,116
Essential Properties Realty Trust, Inc. REIT	277		7,676
Kite Realty Group Trust REIT	342		7,654
Hamilton Lane, Inc. — Class A	61		7,538
Radian Group, Inc.	239		7,433
Home BancShares, Inc.	297		7,116
United Bankshares, Inc.	208		6,748
Glacier Bancorp, Inc.	180		6,718
Independence Realty Trust, Inc. REIT	356		6,671
Hancock Whitney Corp.	137		6,553
Phillips Edison & Company, Inc. REIT	194		6,346
Moelis & Co. — Class A	111		6,311
Piper Sandler Cos.	27		6,215
Enstar Group Ltd.*	20		6,114
First Financial Bankshares, Inc.	205		6,054
SL Green Realty Corp. REIT1	105		5,947
UMB Financial Corp.	71		5,923
Sabra Health Care REIT, Inc.	365		5,621
Cleanspark, Inc.*	349		5,567
CareTrust REIT, Inc.	214		5,371
Macerich Co. REIT	342		5,280
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	177		5,239
Ameris Bancorp	104		5,236
Apple Hospitality REIT, Inc.	359		5,220
ServisFirst Bancshares, Inc.	80		5,055
Walker & Dunlop, Inc.	51		5,008
Associated Banc-Corp.	236		4,991

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
PotlatchDeltic Corp. REIT	125	$	4,924
Axos Financial, Inc.*	86		4,915
International Bancshares Corp.	85		4,863
BGC Group, Inc. — Class A	583		4,839
United Community Banks, Inc.	189		4,812
Innovative Industrial Properties, Inc. REIT	44		4,806
Fulton Financial Corp.	282		4,788
Blackstone Mortgage Trust, Inc. — Class A REIT1	274		4,773
First BanCorp	260		4,755
Valley National Bancorp	680		4,746
Broadstone Net Lease, Inc. REIT	297		4,713
CNO Financial Group, Inc.	169		4,685
Atlantic Union Bankshares Corp.	141		4,632
Tanger, Inc. REIT	168		4,554
National Health Investors, Inc. REIT	66		4,470
WSFS Financial Corp.	95		4,465
Texas Capital Bancshares, Inc.*	73		4,463
COPT Defense Properties REIT	177		4,430
SITE Centers Corp. REIT	299		4,336
NMI Holdings, Inc. — Class A*	125		4,255
LXP Industrial Trust REIT	458		4,177
Arbor Realty Trust, Inc. REIT1	290		4,161
Genworth Financial, Inc. — Class A*	687		4,149
Cathay General Bancorp	110		4,149
Burford Capital Ltd.	316		4,124
Artisan Partners Asset Management, Inc. — Class A	99		4,086
McGrath RentCorp1	38		4,049
PJT Partners, Inc. — Class A	37		3,993
PennyMac Financial Services, Inc.	42		3,973
Riot Platforms, Inc.*	428		3,912
Community Financial System, Inc.	82		3,871
New York Community Bancorp, Inc.	1,199		3,861
StepStone Group, Inc. — Class A	84		3,855
Cushman & Wakefield plc*	361		3,754
Baldwin Insurance Group, Inc. — Class A*	104		3,689
CVB Financial Corp.	209		3,603
Four Corners Property Trust, Inc. REIT	145		3,577
Bank of Hawaii Corp.	62		3,547
Urban Edge Properties REIT	189		3,491
Bread Financial Holdings, Inc.	78		3,476
Pagseguro Digital Ltd. — Class A*	297		3,472
Pacific Premier Bancorp, Inc.	151		3,468
BankUnited, Inc.	118		3,454
Simmons First National Corp. — Class A	196		3,446
First Interstate BancSystem, Inc. — Class A	124		3,443
Eastern Bankshares, Inc.	245		3,425
Independent Bank Corp.	67		3,398
Douglas Emmett, Inc. REIT	255		3,394
Sunstone Hotel Investors, Inc. REIT	321		3,358
Outfront Media, Inc. REIT	233		3,332
First Financial Bancorp	149		3,311
Park National Corp.	23		3,274
Equity Commonwealth REIT*	167		3,240
StoneX Group, Inc.*	43		3,238
Palomar Holdings, Inc.*	39		3,165
Seacoast Banking Corporation of Florida	133		3,144
Cohen & Steers, Inc.	43		3,120
St. Joe Co.	57		3,118
Victory Capital Holdings, Inc. — Class A	65		3,102
First Merchants Corp.	92		3,063
TowneBank	111		3,027
WaFd, Inc.	105		3,001
Bancorp, Inc.*	79		2,983
Heartland Financial USA, Inc.	67		2,978
Trustmark Corp.	96		2,884
Triumph Financial, Inc.*	35		2,861
Upstart Holdings, Inc.*	121		2,854
Acadia Realty Trust REIT	159		2,849
Provident Financial Services, Inc.	198		2,841
NBT Bancorp, Inc.	73		2,818
DiamondRock Hospitality Co. REIT	332		2,805
Banc of California, Inc.	219		2,799
OFG Bancorp	73		2,734
BancFirst Corp.	31		2,719
Banner Corp.	54		2,681
Stewart Information Services Corp.	43		2,669
Renasant Corp.	87		2,657
InvenTrust Properties Corp. REIT	107		2,649
Core Scientific, Inc.*	281		2,613
Independent Bank Group, Inc.	57		2,595
Pebblebrook Hotel Trust REIT	188		2,585
Bank of NT Butterfield & Son Ltd.	73		2,564
Enova International, Inc.*	41		2,552
WesBanco, Inc.	91		2,540
Farmer Mac — Class C	14		2,532
Virtus Investment Partners, Inc.	11		2,484
City Holding Co.	23		2,444
Retail Opportunity Investments Corp. REIT	195		2,424
Lakeland Financial Corp.	39		2,399
Enterprise Financial Services Corp.	58		2,373
LTC Properties, Inc. REIT	68		2,346
Global Net Lease, Inc. REIT	317		2,330
Northwest Bancshares, Inc.	201		2,322
Nelnet, Inc. — Class A	23		2,320
RLJ Lodging Trust REIT	240		2,311
Xenia Hotels & Resorts, Inc. REIT	161		2,307
Compass Diversified Holdings	105		2,299
Hilltop Holdings, Inc.	73		2,283
National Bank Holdings Corp. — Class A	58		2,265
Pathward Financial, Inc.	40		2,263
Customers Bancorp, Inc.*	47		2,255
Mercury General Corp.	42		2,232
Elme Communities REIT	139		2,214
Apollo Commercial Real Estate Finance, Inc. REIT	225		2,203
Newmark Group, Inc. — Class A	215		2,199
First Commonwealth Financial Corp.	159		2,196
FB Financial Corp.	56		2,186
WisdomTree, Inc.	220		2,180
Two Harbors Investment Corp. REIT	164		2,166

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
Skyward Specialty Insurance Group, Inc.*	59	$	2,135
JBG SMITH Properties REIT	140		2,132
Goosehead Insurance, Inc. — Class A*	37		2,125
Horace Mann Educators Corp.	65		2,120
Ready Capital Corp. REIT	255		2,086
Getty Realty Corp. REIT	78		2,079
Compass, Inc. — Class A*	575		2,070
First Busey Corp.	84		2,034
Ladder Capital Corp. — Class A REIT	179		2,021
First Bancorp	63		2,011
S&T Bancorp, Inc.	60		2,003
National Western Life Group, Inc. — Class A	4		1,988
Stock Yards Bancorp, Inc.	40		1,987
Empire State Realty Trust, Inc. — Class A REIT	211		1,979
TriCo Bancshares	50		1,978
Hope Bancorp, Inc.	183		1,965
Alexander & Baldwin, Inc. REIT	115		1,950
Westamerica BanCorp	40		1,941
Live Oak Bancshares, Inc.	55		1,928
Easterly Government Properties, Inc. REIT	153		1,893
SiriusPoint Ltd.*	155		1,891
Hut 8 Corp.*	126		1,889
PennyMac Mortgage Investment Trust REIT	137		1,884
NETSTREIT Corp. REIT	116		1,868
Veris Residential, Inc. REIT	124		1,860
Apartment Investment and Management Co. — Class A REIT*	224		1,857
Navient Corp.	127		1,849
Stellar Bancorp, Inc.	77		1,768
Veritex Holdings, Inc.	83		1,750
Nicolet Bankshares, Inc.	21		1,744
Kennedy-Wilson Holdings, Inc.	179		1,740
Safety Insurance Group, Inc.	23		1,726
MFA Financial, Inc. REIT	161		1,713
Employers Holdings, Inc.	40		1,705
American Assets Trust, Inc. REIT	76		1,701
Sandy Spring Bancorp, Inc.	69		1,681
Peoples Bancorp, Inc.	55		1,650
Chimera Investment Corp. REIT	127		1,626
Franklin BSP Realty Trust, Inc. REIT	129		1,625
Terawulf, Inc.*	363		1,615
UMH Properties, Inc. REIT	101		1,615
Cannae Holdings, Inc.	89		1,615
German American Bancorp, Inc.	45		1,591
Safehold, Inc. REIT	82		1,582
Ellington Financial, Inc. REIT	130		1,570
QCR Holdings, Inc.	26		1,560
Centerspace REIT	23		1,555
1st Source Corp.	29		1,555
Berkshire Hills Bancorp, Inc.	68		1,550
Encore Capital Group, Inc.*	37		1,544
Trupanion, Inc.*,1	52		1,529
Preferred Bank/Los Angeles CA	20		1,510
American Healthcare REIT, Inc.	103		1,505
ARMOUR Residential REIT, Inc.1	77		1,492
Origin Bancorp, Inc.	46		1,459
LendingClub Corp.*	172		1,455
OceanFirst Financial Corp.	91		1,446
eXp World Holdings, Inc.	128		1,444
NexPoint Residential Trust, Inc. REIT	36		1,422
Piedmont Office Realty Trust, Inc. — Class A REIT	195		1,414
Enact Holdings, Inc.	46		1,410
FTAI Infrastructure, Inc.	159		1,372
Redwood Trust, Inc. REIT	208		1,350
Perella Weinberg Partners	83		1,349
Paramount Group, Inc. REIT	291		1,347
Plymouth Industrial REIT, Inc	63		1,347
Lemonade, Inc.*	81		1,336
Service Properties Trust REIT	260		1,336
AMERISAFE, Inc.	30		1,317
First Bancshares, Inc.	48		1,247
AssetMark Financial Holdings, Inc.*	36		1,244
Southside Bancshares, Inc.	45		1,242
Fidelis Insurance Holdings Ltd.	76		1,240
Bank First Corp.	15		1,239
Dynex Capital, Inc. REIT	101		1,206
PRA Group, Inc.*	61		1,199
HCI Group, Inc.	13		1,198
Brandywine Realty Trust REIT	267		1,196
First Mid Bancshares, Inc.	36		1,184
Marcus & Millichap, Inc.	37		1,166
Armada Hoffler Properties, Inc. REIT	105		1,164
Byline Bancorp, Inc.	49		1,163
BrightSpire Capital, Inc. REIT	204		1,163
Brookline Bancorp, Inc.	139		1,161
Premier Financial Corp.	56		1,146
Dime Community Bancshares, Inc.	56		1,142
Cipher Mining, Inc.*	272		1,129
Redfin Corp.*	185		1,112
F&G Annuities & Life, Inc.	29		1,103
Uniti Group, Inc. REIT	377		1,101
Merchants Bancorp	27		1,095
Claros Mortgage Trust, Inc.	136		1,091
ConnectOne Bancorp, Inc.	57		1,077
Capitol Federal Financial, Inc.	196		1,076
Amerant Bancorp, Inc.	47		1,067
Univest Financial Corp.	46		1,050
Patria Investments Ltd. — Class A	87		1,049
Diversified Healthcare Trust REIT	344		1,049
Community Trust Bancorp, Inc.	24		1,048
International Money Express, Inc.*	50		1,042
Hudson Pacific Properties, Inc. REIT	216		1,039
ProAssurance Corp.*	85		1,039
Whitestone REIT — Class B	77		1,025
Old Second Bancorp, Inc.	69		1,022
Burke & Herbert Financial Services Corp.	20		1,020
Mercantile Bank Corp.	25		1,014
CrossFirst Bankshares, Inc.*	72		1,009
First Community Bankshares, Inc.	27		995
Summit Hotel Properties, Inc. REIT	165		988
Community Healthcare Trust, Inc. REIT	42		982
Tompkins Financial Corp.	20		978

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
Brightsphere Investment Group, Inc.	44	$	976
Heritage Financial Corp.	54		974
NB Bancorp, Inc.*	61		920
Gladstone Commercial Corp. REIT	63		899
NerdWallet, Inc. — Class A*	61		891
Central Pacific Financial Corp.	42		890
Eagle Bancorp, Inc.	47		888
Ambac Financial Group, Inc.*	68		872
Global Medical REIT, Inc.	96		872
CBL & Associates Properties, Inc. REIT	36		842
KKR Real Estate Finance Trust, Inc. REIT	93		842
Horizon Bancorp, Inc.	68		841
Brookfield Business Corp. — Class A	41		837
Independent Bank Corp.	31		837
New York Mortgage Trust, Inc. REIT	143		835
TrustCo Bank Corporation NY	29		834
Coastal Financial Corp.*	18		830
Cambridge Bancorp	12		828
Business First Bancshares, Inc.	38		827
Heritage Commerce Corp.	94		818
Equity Bancshares, Inc. — Class A	23		810
Farmland Partners, Inc. REIT	69		796
Orrstown Financial Services, Inc.	29		793
Hanmi Financial Corp.	47		786
Universal Health Realty Income Trust REIT	20		783
Great Southern Bancorp, Inc.	14		779
TPG RE Finance Trust, Inc. REIT	90		778
Amalgamated Financial Corp.	28		767
Metrocity Bankshares, Inc.	29		766
Camden National Corp.	23		759
Midland States Bancorp, Inc.	33		747
World Acceptance Corp.*	6		742
Washington Trust Bancorp, Inc.	27		740
Gladstone Land Corp. REIT	53		726
Root, Inc. — Class A*	14		723
Invesco Mortgage Capital, Inc. REIT	77		721
Metropolitan Bank Holding Corp.*	17		716
Universal Insurance Holdings, Inc.	38		713
Farmers National Banc Corp.	57		712
United Fire Group, Inc.	33		709
HarborOne Bancorp, Inc.	63		701
Orchid Island Capital, Inc. REIT	84		701
Republic Bancorp, Inc. — Class A	13		697
HomeTrust Bancshares, Inc.	23		691
Peoples Financial Services Corp.	15		683
Arrow Financial Corp.	26		677
Southern Missouri Bancorp, Inc.	15		675
Alexander’s, Inc. REIT	3		675
Northeast Bank	11		669
LendingTree, Inc.*	16		665
First Financial Corp.	18		664
Tiptree, Inc. — Class A	40		660
CNB Financial Corp.	32		653
Chatham Lodging Trust REIT	76		648
Bar Harbor Bankshares	24		645
Columbia Financial, Inc.*	43		644
GCM Grosvenor, Inc. — Class A	65		634
Capital City Bank Group, Inc.	22		626
Saul Centers, Inc. REIT	17		625
Five Star Bancorp	26		615
Peakstone Realty Trust REIT	58		615
CTO Realty Growth, Inc. REIT	35		611
Real Brokerage, Inc.*	150		609
FRP Holdings, Inc.*	21		599
Macatawa Bank Corp.	41		599
SmartFinancial, Inc.	25		592
Peapack-Gladstone Financial Corp.	26		589
Northfield Bancorp, Inc.	62		588
One Liberty Properties, Inc. REIT	25		587
Bit Digital, Inc.*,1	184		585
Selectquote, Inc.*	211		582
Greenlight Capital Re Ltd. — Class A*	44		576
NET Lease Office Properties REIT	23		566
Flushing Financial Corp.	43		565
B Riley Financial, Inc.1	32		565
Diamond Hill Investment Group, Inc.	4		563
P10, Inc. — Class A	66		560
Ares Commercial Real Estate Corp. REIT	84		559
Shore Bancshares, Inc.	48		550
Alerus Financial Corp.	28		549
Carter Bankshares, Inc.*	36		544
RMR Group, Inc. — Class A	24		542
First Foundation, Inc.	82		537
Hippo Holdings, Inc.*	31		533
Kearny Financial Corp.	86		529
Mid Penn Bancorp, Inc.	24		527
Esquire Financial Holdings, Inc.	11		524
MidWestOne Financial Group, Inc.	23		517
Anywhere Real Estate, Inc.*	155		513
South Plains Financial, Inc.	19		513
RBB Bancorp	27		508
Community West Bancshares	27		499
ACNB Corp.	13		471
Sierra Bancorp	21		470
NewtekOne, Inc.	37		465
Farmers & Merchants Bancorp Incorporated/Archbold OH	20		464
Financial Institutions, Inc.	24		464
Northrim BanCorp, Inc.	8		461
Postal Realty Trust, Inc. — Class A REIT	34		453
West BanCorp, Inc.	25		447
First Business Financial Services, Inc.	12		444
Home Bancorp, Inc.	11		440
Hamilton Insurance Group Ltd. — Class B*	26		433
Orange County Bancorp, Inc.	8		423
First Bancorp, Inc.	17		422
First Bank/Hamilton NJ	33		420
Chicago Atlantic Real Estate Finance, Inc. REIT	27		415
Legacy Housing Corp.*	18		413
Citizens & Northern Corp.	23		411
Guaranty Bancshares, Inc.	13		410
HBT Financial, Inc.	20		408
Bank of Marin Bancorp	25		405

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
FS Bancorp, Inc.	11	$	401
American Coastal Insurance Corp.*	38		401
MBIA, Inc.*	70		384
Third Coast Bancshares, Inc.*	18		383
Industrial Logistics Properties Trust REIT	103		379
James River Group Holdings Ltd.	49		379
Regional Management Corp.	13		374
Enterprise Bancorp, Inc.	15		373
Civista Bancshares, Inc.	24		372
Bridgewater Bancshares, Inc.*	32		371
Greene County Bancorp, Inc.	11		371
Dave, Inc.*	12		364
Investors Title Co.	2		360
Hingham Institution For Savings	2		358
Southern States Bancshares, Inc.	13		353
First Internet Bancorp	13		351
Southern First Bancshares, Inc.*	12		351
John Marshall Bancorp, Inc.	20		349
BayCom Corp.	17		346
First of Long Island Corp.	34		341
Northeast Community Bancorp, Inc.	19		339
Red River Bancshares, Inc.	7		336
MVB Financial Corp.	18		336
Primis Financial Corp.	32		335
Waterstone Financial, Inc.	26		332
HomeStreet, Inc.	29		331
AFC Gamma, Inc. REIT	27		329
Unity Bancorp, Inc.	11		325
Timberland Bancorp, Inc.	12		325
Plumas Bancorp	9		324
Orion Office REIT, Inc.	89		320
Colony Bankcorp, Inc.	26		318
Citizens Financial Services, Inc.	7		318
ChoiceOne Financial Services, Inc.	11		315
BRT Apartments Corp. REIT	18		314
Alpine Income Property Trust, Inc. REIT	20		311
Donegal Group, Inc. — Class A	24		309
Capital Bancorp, Inc.	15		307
Fidelity D&D Bancorp, Inc.	7		307
Norwood Financial Corp.	12		305
City Office REIT, Inc.	61		304
Blue Foundry Bancorp*	33		299
AG Mortgage Investment Trust, Inc. REIT	45		299
Parke Bancorp, Inc.	17		296
Ames National Corp.	14		287
Maiden Holdings Ltd.*	139		286
FVCBankcorp, Inc.*	26		284
LCNB Corp.	20		278
PCB Bancorp	17		277
NexPoint Diversified Real Estate Trust REIT	50		277
AlTi Global, Inc.*	53		276
Oak Valley Bancorp	11		275
Ponce Financial Group, Inc.*	30		274
Braemar Hotels & Resorts, Inc. REIT	104		265
Princeton Bancorp, Inc.	8		265
Maui Land & Pineapple Company, Inc.*	12		265
Middlefield Banc Corp.	11		265
Forge Global Holdings, Inc.*	181		264
California BanCorp*	12		258
Southern California Bancorp*	19		256
BCB Bancorp, Inc.	24		255
Heritage Insurance Holdings, Inc.*	36		255
Provident Bancorp, Inc.*	25		255
National Bankshares, Inc.	9		255
Bankwell Financial Group, Inc.	10		254
Atlanticus Holdings Corp.*	9		254
Seven Hills Realty Trust REIT	20		254
Velocity Financial, Inc.*	14		251
Angel Oak Mortgage REIT, Inc.	19		249
Star Holdings*	20		241
Chemung Financial Corp.	5		240
Onity Group, Inc.*	10		240
Franklin Street Properties Corp. REIT	154		236
Granite Point Mortgage Trust, Inc. REIT	79		235
Silvercrest Asset Management Group, Inc. — Class A	15		234
First Financial Northwest, Inc.	11		232
Investar Holding Corp.	15		231
Medallion Financial Corp.	30		230
Virginia National Bankshares Corp.	7		230
ESSA Bancorp, Inc.	13		229
Stratus Properties, Inc.*	9		227
RE/MAX Holdings, Inc. — Class A	28		227
Paysign, Inc.*	52		224
First Western Financial, Inc.*	13		221
USCB Financial Holdings, Inc.	17		218
LINKBANCORP, Inc.	35		214
Crawford & Co. — Class A	24		207
Peoples Bancorp of North Carolina, Inc.	7		204
Bank7 Corp.	6		188
NI Holdings, Inc.*	12		184
Pioneer Bancorp, Inc.*	18		180
Nexpoint Real Estate Finance, Inc. REIT	13		178
Sterling Bancorp, Inc.*	34		178
Sky Harbour Group Corp.*	18		167
Kingsway Financial Services, Inc.*	20		165
Consumer Portfolio Services, Inc.*	13		127
Strawberry Fields REIT, Inc.	9		103
OppFi, Inc.	29		98
SWK Holdings Corp.*	5		85
Offerpad Solutions, Inc.*	16		71
Clipper Realty, Inc. REIT	19		69
GoHealth, Inc. — Class A*	7		68
Transcontinental Realty Investors, Inc.*	2		55
Roadzen, Inc.*	24		53
American Realty Investors, Inc.*	2		28
Total Financial			889,065
Industrial - 10.2%
Fabrinet*	57		13,953
Applied Industrial Technologies, Inc.	61		11,834
Fluor Corp.*	269		11,715
UFP Industries, Inc.	95		10,640
SPX Technologies, Inc.*	71		10,092

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
Mueller Industries, Inc.	176	$	10,021
Chart Industries, Inc.*	67		9,671
Novanta, Inc.*	57		9,297
Casella Waste Systems, Inc. — Class A*	90		8,930
NEXTracker, Inc. — Class A*	184		8,626
Badger Meter, Inc.	46		8,572
Modine Manufacturing Co.*	81		8,115
Federal Signal Corp.	95		7,949
Watts Water Technologies, Inc. — Class A	43		7,885
Atkore, Inc.	58		7,826
Exponent, Inc.	80		7,610
Dycom Industries, Inc.*	45		7,594
Moog, Inc. — Class A	45		7,529
AeroVironment, Inc.*	41		7,469
GATX Corp.	56		7,412
Boise Cascade Co.	62		7,392
Itron, Inc.*	72		7,125
Matson, Inc.	54		7,072
Summit Materials, Inc. — Class A*	191		6,993
Franklin Electric Company, Inc.	71		6,839
Zurn Elkay Water Solutions Corp.	229		6,733
EnerSys	63		6,522
Arcosa, Inc.	77		6,423
Advanced Energy Industries, Inc.	59		6,417
CSW Industrials, Inc.	24		6,368
Knife River Corp.*	90		6,313
Scorpio Tankers, Inc.	74		6,015
Belden, Inc.	64		6,003
Terex Corp.	105		5,758
Sanmina Corp.*	86		5,697
Sterling Infrastructure, Inc.*	48		5,680
Cactus, Inc. — Class A	103		5,432
Kadant, Inc.	18		5,288
Golar LNG Ltd.	156		4,891
RXO, Inc.*	184		4,812
Enpro, Inc.	33		4,804
John Bean Technologies Corp.	50		4,749
Kratos Defense & Security Solutions, Inc.*	233		4,662
Hillenbrand, Inc.	111		4,442
Vishay Intertechnology, Inc.	199		4,438
Plexus Corp.*	43		4,437
Mueller Water Products, Inc. — Class A	245		4,390
ESCO Technologies, Inc.	41		4,307
Granite Construction, Inc.	69		4,276
Primoris Services Corp.	84		4,191
Frontdoor, Inc.*	124		4,190
Albany International Corp. — Class A	49		4,138
Hub Group, Inc. — Class A	96		4,133
ArcBest Corp.	37		3,962
AAR Corp.*	54		3,926
Griffon Corp.	61		3,896
Trinity Industries, Inc.	129		3,860
Bloom Energy Corp. — Class A*,1	314		3,843
Atmus Filtration Technologies, Inc.*	132		3,799
International Seaways, Inc.	64		3,784
Construction Partners, Inc. — Class A*	68		3,754
Enovix Corp.*,1	234		3,618
Werner Enterprises, Inc.	100		3,583
OSI Systems, Inc.*	26		3,576
AZZ, Inc.	46		3,553
MYR Group, Inc.*	26		3,528
Materion Corp.	32		3,460
Mirion Technologies, Inc.*	315		3,383
Energizer Holdings, Inc.	113		3,338
Gibraltar Industries, Inc.*	48		3,290
Enerpac Tool Group Corp.	86		3,283
Joby Aviation, Inc.*	634		3,233
TTM Technologies, Inc.*	159		3,089
Barnes Group, Inc.	73		3,023
Leonardo DRS, Inc.*	116		2,959
Tennant Co.	30		2,953
Kennametal, Inc.	125		2,942
Masterbrand, Inc.*	200		2,936
Napco Security Technologies, Inc.	56		2,909
Standex International Corp.	18		2,901
Janus International Group, Inc.*	224		2,829
Alamo Group, Inc.	16		2,768
Hillman Solutions Corp.*	310		2,744
O-I Glass, Inc.*	244		2,716
Golden Ocean Group Ltd.	192		2,650
Rocket Lab USA, Inc.*	548		2,630
Teekay Tankers Ltd. — Class A	38		2,615
Helios Technologies, Inc.	52		2,483
SFL Corporation Ltd.	178		2,471
DHT Holdings, Inc.	213		2,464
CTS Corp.	48		2,430
World Kinect Corp.	93		2,399
Knowles Corp.*	139		2,399
Greenbrier Companies, Inc.	48		2,378
Worthington Enterprises, Inc.	50		2,367
Mercury Systems, Inc.*	86		2,321
Dorian LPG Ltd.	55		2,308
Greif, Inc. — Class A	39		2,241
Montrose Environmental Group, Inc.*	50		2,228
Benchmark Electronics, Inc.	56		2,210
Aspen Aerogels, Inc.*	92		2,194
Powell Industries, Inc.	15		2,151
NV5 Global, Inc.*	23		2,138
Apogee Enterprises, Inc.	34		2,136
Lindsay Corp.	17		2,089
Ichor Holdings Ltd.*	51		1,966
American Woodmark Corp.*	25		1,965
JELD-WEN Holding, Inc.*	135		1,818
IES Holdings, Inc.*	13		1,811
Tecnoglass, Inc.	35		1,756
Marten Transport Ltd.	92		1,697
TriMas Corp.	64		1,636
Thermon Group Holdings, Inc.*	53		1,630
Triumph Group, Inc.*	102		1,572
Columbus McKinnon Corp.	45		1,554
Tutor Perini Corp.*	68		1,481
Ardmore Shipping Corp.	65		1,464
Argan, Inc.	20		1,463
NuScale Power Corp.*,1	122		1,426
Genco Shipping & Trading Ltd.	66		1,406
Cadre Holdings, Inc.	41		1,376
Metallus, Inc.*	67		1,358
CECO Environmental Corp.*	46		1,327
FLEX LNG Ltd.	48		1,298
Archer Aviation, Inc. — Class A*	368		1,295

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
Nordic American Tankers Ltd.	321	$	1,278
American Superconductor Corp.*	54		1,263
Clearwater Paper Corp.*	26		1,260
Hyster-Yale, Inc.	18		1,255
Proto Labs, Inc.*	40		1,236
Ducommun, Inc.*	21		1,219
Gorman-Rupp Co.	33		1,211
Energy Recovery, Inc.*	90		1,196
Vicor Corp.*	35		1,161
PureCycle Technologies, Inc.*,1	194		1,148
Sturm Ruger & Company, Inc.	27		1,125
Air Transport Services Group, Inc.*	81		1,123
Costamare, Inc.	68		1,117
Enviri Corp.*	125		1,079
Astec Industries, Inc.	36		1,068
Bel Fuse, Inc. — Class B	16		1,044
Smith & Wesson Brands, Inc.	72		1,032
Insteel Industries, Inc.	30		929
ChargePoint Holdings, Inc.*	612		924
DXP Enterprises, Inc.*	20		917
Great Lakes Dredge & Dock Corp.*	104		913
Heartland Express, Inc.	74		912
Limbach Holdings, Inc.*	16		911
Astronics Corp.*	45		901
Ryerson Holding Corp.	46		897
Kimball Electronics, Inc.*	39		857
Standard BioTools, Inc.*	476		842
Teekay Corp.*	90		807
nLight, Inc.*	73		798
Myers Industries, Inc.	58		776
Ardagh Metal Packaging S.A.	228		775
Xometry, Inc. — Class A*	66		763
Olympic Steel, Inc.	17		762
Forward Air Corp.	39		743
SmartRent, Inc.*	305		729
Pactiv Evergreen, Inc.	64		725
Mesa Laboratories, Inc.	8		694
LSB Industries, Inc.*	84		687
Stoneridge, Inc.*	43		686
Bowman Consulting Group Ltd.*	21		668
Overseas Shipholding Group, Inc. — Class A	77		653
Covenant Logistics Group, Inc. — Class A	13		641
LSI Industries, Inc.	44		637
Manitowoc Company, Inc.*	55		634
National Presto Industries, Inc.	8		601
NVE Corp.	8		598
Safe Bulkers, Inc.	100		582
Allient, Inc.	23		581
Evolv Technologies Holdings, Inc.*	206		525
Eastman Kodak Co.*	95		511
Northwest Pipe Co.*	15		510
Greif, Inc. — Class B	8		500
Luxfer Holdings plc	42		487
Applied Optoelectronics, Inc.*	58		481
CryoPort, Inc.*	69		477
Orion Group Holdings, Inc.*	48		456
Graham Corp.*	16		451
FARO Technologies, Inc.*	28		448
Universal Logistics Holdings, Inc.	11		446
Ranpak Holdings Corp.*	68		437
Himalaya Shipping Ltd.*	47		431
Centuri Holdings, Inc.*	22		429
Park Aerospace Corp.	29		397
GrafTech International Ltd.*	408		396
Turtle Beach Corp.*	27		387
Pangaea Logistics Solutions Ltd.	49		384
Sight Sciences, Inc.*	55		367
AerSale Corp.*	53		367
Park-Ohio Holdings Corp.	14		362
Willis Lease Finance Corp.	5		347
MicroVision, Inc.*	325		344
Mayville Engineering Company, Inc.*	20		333
LanzaTech Global, Inc.*	176		325
Karat Packaging, Inc.	11		325
Net Power, Inc.*	33		325
Radiant Logistics, Inc.*	56		319
Pure Cycle Corp.*	33		315
Gencor Industries, Inc.*	16		310
Omega Flex, Inc.	6		308
LB Foster Co. — Class A*	14		301
Iteris, Inc.*	67		290
GoPro, Inc. — Class A*	197		280
Mistras Group, Inc.*	33		274
Byrna Technologies, Inc.*	27		269
Virgin Galactic Holdings, Inc.*	30		253
Redwire Corp.*	35		251
Bel Fuse, Inc. — Class A	3		243
Quest Resource Holding Corp.*	27		238
AMMO, Inc.*	141		237
Arq, Inc.*	39		237
Concrete Pumping Holdings, Inc.*	38		228
NN, Inc.*	73		219
Twin Disc, Inc.	18		212
Eastern Co.	8		204
Perma-Fix Environmental Services, Inc.*	20		202
Tredegar Corp.*	42		201
Latham Group, Inc.*	64		194
Smith-Midland Corp.*	7		194
Core Molding Technologies, Inc.*	12		191
908 Devices, Inc.*	37		191
Taylor Devices, Inc.*	4		180
PAM Transportation Services, Inc.*	10		174
Ultralife Corp.*	16		170
Caesarstone Ltd.*	33		165
Intuitive Machines, Inc.*	45		149
VirTra, Inc.*	17		131
374Water, Inc.*	103		124
Eve Holding, Inc.*	28		114
NL Industries, Inc.	13		78
Southland Holdings, Inc.*	16		73
Bridger Aerospace Group Holdings, Inc.*	14		52
Amprius Technologies, Inc.*	22		28
Solidion Technology, Inc.*	14		8
Total Industrial			609,922
Consumer, Cyclical - 7.2%
Abercrombie & Fitch Co. — Class A*	79		14,049
Meritage Homes Corp.	57		9,225
Taylor Morrison Home Corp. — Class A*	164		9,092
Beacon Roofing Supply, Inc.*	100		9,050
Installed Building Products, Inc.	38		7,816
KB Home	106		7,439

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
Asbury Automotive Group, Inc.*	32	$	7,292
FirstCash Holdings, Inc.	62		6,503
Group 1 Automotive, Inc.	21		6,243
Academy Sports & Outdoors, Inc.	114		6,070
Boot Barn Holdings, Inc.*	47		6,060
Signet Jewelers Ltd.	67		6,002
Kontoor Brands, Inc.	88		5,821
Skyline Champion Corp.*	85		5,759
American Eagle Outfitters, Inc.	287		5,729
Tri Pointe Homes, Inc.*	147		5,476
Shake Shack, Inc. — Class A*	60		5,400
M/I Homes, Inc.*	43		5,252
Goodyear Tire & Rubber Co.*	449		5,096
SkyWest, Inc.*	62		5,088
GMS, Inc.*	63		5,078
Brinker International, Inc.*	69		4,995
Steven Madden Ltd.	114		4,822
Sweetgreen, Inc. — Class A*	156		4,702
Hilton Grand Vacations, Inc.*	116		4,690
Visteon Corp.*	43		4,588
Cavco Industries, Inc.*	13		4,500
Resideo Technologies, Inc.*	230		4,499
Red Rock Resorts, Inc. — Class A	78		4,285
Urban Outfitters, Inc.*	101		4,146
UniFirst Corp.	24		4,117
LCI Industries	39		4,032
Rush Enterprises, Inc. — Class A	96		4,020
Six Flags Entertainment Corp.	115		3,811
Cinemark Holdings, Inc.*	174		3,762
Dorman Products, Inc.*	41		3,751
Patrick Industries, Inc.	34		3,691
Century Communities, Inc.	45		3,675
Aurora Innovation, Inc.*	1,326		3,673
International Game Technology plc	179		3,662
Adient plc*	143		3,534
Vista Outdoor, Inc.*	92		3,464
Topgolf Callaway Brands Corp.*	224		3,427
HNI Corp.	74		3,332
Foot Locker, Inc.	132		3,289
PriceSmart, Inc.	40		3,248
Fox Factory Holding Corp.*	67		3,229
Atlanta Braves Holdings, Inc. — Class C*	79		3,116
United Parks & Resorts, Inc.*	56		3,041
MillerKnoll, Inc.	113		2,993
Cheesecake Factory, Inc.	76		2,986
LGI Homes, Inc.*	33		2,953
JetBlue Airways Corp.*	483		2,941
Acushnet Holdings Corp.	46		2,920
Sonos, Inc.*	194		2,863
Green Brick Partners, Inc.*	50		2,862
Phinia, Inc.	72		2,834
OPENLANE, Inc.*	169		2,804
Blue Bird Corp.*	51		2,746
Hanesbrands, Inc.*	557		2,746
La-Z-Boy, Inc.	68		2,535
Dana, Inc.	206		2,497
Gentherm, Inc.*	50		2,466
Papa John’s International, Inc.	52		2,443
Winnebago Industries, Inc.	45		2,439
OneSpaWorld Holdings Ltd.*	158		2,428
Bloomin’ Brands, Inc.	124		2,385
Oxford Industries, Inc.	23		2,304
H&E Equipment Services, Inc.	51		2,253
Warby Parker, Inc. — Class A*	137		2,200
ODP Corp.*	56		2,199
Victoria’s Secret & Co.*	124		2,191
AMC Entertainment Holdings, Inc. — Class A*	438		2,181
Madison Square Garden Entertainment Corp.*	62		2,122
Dave & Buster’s Entertainment, Inc.*	52		2,070
REV Group, Inc.	81		2,016
VSE Corp.	22		1,942
Steelcase, Inc. — Class A	146		1,892
Caleres, Inc.	54		1,814
Buckle, Inc.	49		1,810
Peloton Interactive, Inc. — Class A*	533		1,802
Sally Beauty Holdings, Inc.*	165		1,770
Winmark Corp.	5		1,763
Life Time Group Holdings, Inc.*	93		1,751
G-III Apparel Group Ltd.*	64		1,732
ScanSource, Inc.*	39		1,728
MRC Global, Inc.*	133		1,717
Wolverine World Wide, Inc.	125		1,690
Lions Gate Entertainment Corp. — Class B*	192		1,645
National Vision Holdings, Inc.*	123		1,610
indie Semiconductor, Inc. — Class A*	259		1,598
Sabre Corp.*	593		1,583
Jack in the Box, Inc.	31		1,579
Hibbett, Inc.	18		1,570
Wabash National Corp.	70		1,529
Vizio Holding Corp. — Class A*,1	140		1,512
Cracker Barrel Old Country Store, Inc.	35		1,476
Monarch Casino & Resort, Inc.	21		1,431
XPEL, Inc.*	40		1,422
Arhaus, Inc.	81		1,372
Interface, Inc. — Class A	90		1,321
Global Business Travel Group I*	198		1,307
Beazer Homes USA, Inc.*	47		1,292
American Axle & Manufacturing Holdings, Inc.*	181		1,265
Sonic Automotive, Inc. — Class A	23		1,253
BlueLinx Holdings, Inc.*	13		1,210
Allegiant Travel Co. — Class A	24		1,206
Camping World Holdings, Inc. — Class A	67		1,197
Leslie’s, Inc.*	283		1,186
PC Connection, Inc.	18		1,156
Rush Street Interactive, Inc.*	120		1,151
IMAX Corp.*	68		1,140
Dream Finders Homes, Inc. — Class A*	44		1,136
Hovnanian Enterprises, Inc. — Class A*	8		1,135
Malibu Boats, Inc. — Class A*	32		1,121
MarineMax, Inc.*	34		1,101
Everi Holdings, Inc.*	125		1,050
BJ’s Restaurants, Inc.*	30		1,041
Shoe Carnival, Inc.	28		1,033
Ethan Allen Interiors, Inc.	36		1,004
Golden Entertainment, Inc.	32		996
Hawaiian Holdings, Inc.*	80		994

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
Forestar Group, Inc.*	30	$	960
Standard Motor Products, Inc.	34		943
Miller Industries, Inc.	17		935
A-Mark Precious Metals, Inc.	28		906
Lions Gate Entertainment Corp. — Class A*	94		886
Dine Brands Global, Inc.	24		869
Accel Entertainment, Inc.*	83		852
First Watch Restaurant Group, Inc.*	48		843
Douglas Dynamics, Inc.	36		842
Portillo’s, Inc. — Class A*	85		826
Nu Skin Enterprises, Inc. — Class A	78		822
Daktronics, Inc.*	58		809
Arko Corp.	127		796
Luminar Technologies, Inc.*,1	529		788
Sun Country Airlines Holdings, Inc.*	62		779
Super Group SGHC Ltd.	236		762
Clean Energy Fuels Corp.*	269		718
Chuy’s Holdings, Inc.*	27		700
Atlanta Braves Holdings, Inc. — Class A*	16		661
Global Industrial Co.	21		659
Spirit Airlines, Inc.1	173		633
Shyft Group, Inc.	53		629
Hudson Technologies, Inc.*	70		615
RCI Hospitality Holdings, Inc.	14		610
America’s Car-Mart, Inc.*	10		602
Movado Group, Inc.	24		597
Xponential Fitness, Inc. — Class A*	38		593
Titan International, Inc.*	79		585
Xperi, Inc.*	71		583
Haverty Furniture Companies, Inc.	23		582
Denny’s Corp.*	80		568
Kura Sushi USA, Inc. — Class A*	9		568
Rush Enterprises, Inc. — Class B	14		549
Methode Electronics, Inc.	53		549
Lindblad Expeditions Holdings, Inc.*	56		540
Titan Machinery, Inc.*	33		525
OneWater Marine, Inc. — Class A*	19		524
Zumiez, Inc.*	26		506
Build-A-Bear Workshop, Inc. — Class A	20		505
Lovesac Co.*	22		497
Petco Health & Wellness Company, Inc.*	131		495
MasterCraft Boat Holdings, Inc.*	26		491
El Pollo Loco Holdings, Inc.*	42		475
Funko, Inc. — Class A*	48		468
Bally’s Corp.*	38		455
Savers Value Village, Inc.*	37		453
Designer Brands, Inc. — Class A	66		451
Genesco, Inc.*	17		440
Marcus Corp.	38		432
Blink Charging Co.*	152		416
iRobot Corp.*,1	45		410
Rocky Brands, Inc.	11		407
Solid Power, Inc.*	246		406
Superior Group of Companies, Inc.	21		397
EVgo, Inc.*	159		390
Hyliion Holdings Corp.*	222		360
Potbelly Corp.*	43		345
Cooper-Standard Holdings, Inc.*	27		336
Frontier Group Holdings, Inc.*,1	66		325
Sleep Number Corp.*	34		325
Clarus Corp.	48		323
Tile Shop Holdings, Inc.*	45		312
Destination XL Group, Inc.*	84		306
Weyco Group, Inc.	10		303
Citi Trends, Inc.*	13		276
Wheels Up Experience, Inc.*	141		267
Vera Bradley, Inc.*	42		263
Holley, Inc.*	73		261
Full House Resorts, Inc.*	52		260
Landsea Homes Corp.*	28		257
SES AI Corp.*	205		256
Commercial Vehicle Group, Inc.*	52		255
Hooker Furnishings Corp.	17		246
Reservoir Media, Inc.*	31		245
Johnson Outdoors, Inc. — Class A	7		245
J Jill, Inc.	7		245
JAKKS Pacific, Inc.*	13		233
Hamilton Beach Brands Holding Co. — Class A	13		224
Virco Manufacturing Corp.	16		223
Livewire Group, Inc.*	29		222
Escalade, Inc.	16		221
Flexsteel Industries, Inc.	7		217
ThredUp, Inc. — Class A*	124		211
Canoo, Inc.*	94		200
GrowGeneration Corp.*	92		198
Biglari Holdings, Inc. — Class B*	1		193
Lifetime Brands, Inc.	20		172
EVI Industries, Inc.	8		151
Torrid Holdings, Inc.*	19		142
Marine Products Corp.	14		141
ONE Group Hospitality, Inc.*	33		140
Tilly’s, Inc. — Class A*	23		139
Traeger, Inc.*	54		130
Purple Innovation, Inc.*	90		94
Aeva Technologies, Inc.*	36		91
CompX International, Inc.	2		49
United Homes Group, Inc.*,1	8		45
Qurate Retail, Inc. — Class B*	2		8
Total Consumer, Cyclical			429,808
Technology - 6.4%
SPS Commerce, Inc.*	59		11,101
Rambus, Inc.*	172		10,107
Altair Engineering, Inc. — Class A*	90		8,827
Insight Enterprises, Inc.*	44		8,728
Qualys, Inc.*	59		8,413
CommVault Systems, Inc.*	69		8,388
Varonis Systems, Inc.*	174		8,347
Maximus, Inc.	96		8,227
Tenable Holdings, Inc.*	186		8,106
ExlService Holdings, Inc.*	248		7,777
FormFactor, Inc.*	122		7,385
Axcelis Technologies, Inc.*	51		7,252
Verra Mobility Corp.*	262		7,126
ACI Worldwide, Inc.*	166		6,572
ASGN, Inc.*	71		6,260
Power Integrations, Inc.	89		6,247
Box, Inc. — Class A*	222		5,870
Workiva, Inc.*	80		5,839
Impinj, Inc.*	36		5,644
Silicon Laboratories, Inc.*	50		5,531

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
Synaptics, Inc.*	61	$	5,380
Diodes, Inc.*	72		5,179
Envestnet, Inc.*	80		5,007
Blackbaud, Inc.*	65		4,951
Zeta Global Holdings Corp. — Class A*	259		4,571
BlackLine, Inc.*	91		4,409
ACV Auctions, Inc. — Class A*	233		4,252
Rapid7, Inc.*	98		4,237
Kulicke & Soffa Industries, Inc.	86		4,230
Veeco Instruments, Inc.*	88		4,110
Clearwater Analytics Holdings, Inc. — Class A*	221		4,093
Freshworks, Inc. — Class A*	321		4,073
WNS Holdings Ltd.*	73		3,832
C3.ai, Inc. — Class A*,1	130		3,765
Progress Software Corp.	68		3,690
Agilysys, Inc.*	35		3,645
SiTime Corp.*	29		3,607
DigitalOcean Holdings, Inc.*	103		3,579
Evolent Health, Inc. — Class A*	182		3,480
Ultra Clean Holdings, Inc.*	70		3,430
AvidXchange Holdings, Inc.*	274		3,304
Ambarella, Inc.*	60		3,237
PagerDuty, Inc.*	141		3,233
Braze, Inc. — Class A*	83		3,224
Verint Systems, Inc.*	97		3,123
Vertex, Inc. — Class A*	86		3,100
NCR Atleos Corp.*	114		3,080
Semtech Corp.*	102		3,048
NCR Voyix Corp.*	229		2,828
Privia Health Group, Inc.*	161		2,798
Sprout Social, Inc. — Class A*	78		2,783
Clear Secure, Inc. — Class A	138		2,582
MaxLinear, Inc. — Class A*	125		2,517
PAR Technology Corp.*	53		2,496
Donnelley Financial Solutions, Inc.*	41		2,444
Cohu, Inc.*	73		2,416
Photronics, Inc.*	97		2,393
Everbridge, Inc.*	66		2,309
Intapp, Inc.*	62		2,274
IonQ, Inc.*,1	313		2,200
Xerox Holdings Corp.	183		2,127
PowerSchool Holdings, Inc. — Class A*	94		2,105
AvePoint, Inc.*	200		2,084
PROS Holdings, Inc.*	72		2,063
Zuora, Inc. — Class A*	204		2,026
NetScout Systems, Inc.*	109		1,994
Alkami Technology, Inc.*	69		1,965
Appian Corp. — Class A*	63		1,944
CSG Systems International, Inc.	47		1,935
Jamf Holding Corp.*	117		1,931
Adeia, Inc.	172		1,924
SMART Global Holdings, Inc.*	81		1,852
Matterport, Inc.*	413		1,846
ACM Research, Inc. — Class A*	80		1,845
PDF Solutions, Inc.*	49		1,783
SoundHound AI, Inc. — Class A*,1	447		1,766
Asana, Inc. — Class A*	125		1,749
N-able, Inc.*	113		1,721
Schrodinger Incorporated/United States*	88		1,702
Phreesia, Inc.*	80		1,696
Sapiens International Corporation N.V.	49		1,663
Diebold Nixdorf, Inc.*	40		1,539
Fastly, Inc. — Class A*	203		1,496
Alpha & Omega Semiconductor Ltd.*	37		1,383
PubMatic, Inc. — Class A*	66		1,340
Pitney Bowes, Inc.	253		1,285
Digi International, Inc.*	56		1,284
Alignment Healthcare, Inc.*	158		1,236
Simulations Plus, Inc.	25		1,216
E2open Parent Holdings, Inc.*	269		1,208
GigaCloud Technology, Inc. — Class A*	37		1,126
Integral Ad Science Holding Corp.*	114		1,108
Amplitude, Inc. — Class A*	120		1,068
SolarWinds Corp.	86		1,036
NextNav, Inc.*	118		957
Grid Dynamics Holdings, Inc.*	90		946
MeridianLink, Inc.*	43		918
Ibotta, Inc. — Class A*	12		902
BigCommerce Holdings, Inc.*	111		895
Yext, Inc.*	165		883
Vimeo, Inc.*	233		869
Blend Labs, Inc. — Class A*	364		859
Conduent, Inc.*	254		828
Instructure Holdings, Inc.*	35		819
Mitek Systems, Inc.*	73		816
Daily Journal Corp.*	2		789
Navitas Semiconductor Corp.*	199		782
Corsair Gaming, Inc.*	70		773
OneSpan, Inc.*	60		769
SEMrush Holdings, Inc. — Class A*	57		763
Digimarc Corp.*	24		744
Olo, Inc. — Class A*	165		729
CEVA, Inc.*	37		714
PlayAGS, Inc.*	62		713
Ouster, Inc.*	68		668
Bandwidth, Inc. — Class A*	39		658
Enfusion, Inc. — Class A*	76		648
Innodata, Inc.*	43		638
3D Systems Corp.*	201		617
Cantaloupe, Inc.*	92		607
Health Catalyst, Inc.*	92		588
Vishay Precision Group, Inc.*	19		578
Weave Communications, Inc.*	62		559
Planet Labs PBC*	266		495
Aehr Test Systems*	44		491
Consensus Cloud Solutions, Inc.*	28		481
Definitive Healthcare Corp.*	84		459
American Software, Inc. — Class A	50		456
Immersion Corp.	48		452
Thoughtworks Holding, Inc.*	158		449
Talkspace, Inc.*	194		446
Climb Global Solutions, Inc.	7		440
Cricut, Inc. — Class A1	73		437
Red Violet, Inc.*	17		432
Unisys Corp.*	104		430
iLearningEngines Holdings, Inc.*	46		418
Domo, Inc. — Class B*	53		409
8x8, Inc.*	184		408
EverCommerce, Inc.*	34		373
Telos Corp.*	89		358

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
SkyWater Technology, Inc.*	43	$	329
Arteris, Inc.*	43		323
Inspired Entertainment, Inc.*	35		320
Rackspace Technology, Inc.*	105		313
Asure Software, Inc.*	37		311
Outbrain, Inc.*	61		304
Playstudios, Inc.*	139		288
ReposiTrak, Inc.	18		275
CS Disco, Inc.*	46		274
ON24, Inc.*	43		258
Rimini Street, Inc.*	84		258
Digital Turbine, Inc.*	151		251
Viant Technology, Inc. — Class A*	25		247
BigBear.ai Holdings, Inc.*	160		242
Rigetti Computing, Inc.*	223		239
QuickLogic Corp.*	22		229
IBEX Holdings Ltd.*	14		227
Richardson Electronics Ltd.	19		226
eGain Corp.*	32		202
Everspin Technologies, Inc.*	31		186
Porch Group, Inc.*	122		184
Cerence, Inc.*	65		184
Kaltura, Inc.*	152		182
TTEC Holdings, Inc.	31		182
Rekor Systems, Inc.*	112		174
D-Wave Quantum, Inc.*	138		157
WM Technology, Inc.*	132		137
Golden Matrix Group, Inc.*	31		77
GCT Semiconductor Holding, Inc.*	12		63
System1, Inc.*	37		56
Airship AI Holdings, Inc.*	5		18
Total Technology			382,881
Energy - 4.1%
ChampionX Corp.	301		9,996
Murphy Oil Corp.	229		9,444
Equitrans Midstream Corp.	685		8,891
Noble Corporation plc	180		8,037
SM Energy Co.	180		7,781
PBF Energy, Inc. — Class A	164		7,547
Valaris Ltd.*	99		7,376
Tidewater, Inc.*	77		7,331
Magnolia Oil & Gas Corp. — Class A	273		6,918
Patterson-UTI Energy, Inc.	629		6,516
Transocean Ltd.*	1,150		6,153
Seadrill Ltd.*	117		6,026
California Resources Corp.	109		5,801
Northern Oil and Gas, Inc.	156		5,799
CNX Resources Corp.*	236		5,735
Helmerich & Payne, Inc.	152		5,493
Liberty Energy, Inc. — Class A	255		5,327
Warrior Met Coal, Inc.	82		5,147
Archrock, Inc.	243		4,913
Alpha Metallurgical Resources, Inc.	17		4,769
CONSOL Energy, Inc.*	46		4,693
Peabody Energy Corp.	202		4,468
Arch Resources, Inc.	28		4,262
Sunrun, Inc.*	345		4,092
Kosmos Energy Ltd.*	738		4,089
Oceaneering International, Inc.*	159		3,762
Expro Group Holdings N.V.*	149		3,415
Sitio Royalties Corp. — Class A	130		3,069
Gulfport Energy Corp.*	20		3,020
Talos Energy, Inc.*	233		2,831
Helix Energy Solutions Group, Inc.*	227		2,710
Diamond Offshore Drilling, Inc.*	161		2,494
Kinetik Holdings, Inc. — Class A	60		2,487
Delek US Holdings, Inc.	100		2,476
Array Technologies, Inc.*	241		2,473
Borr Drilling Ltd.*	374		2,412
DNOW, Inc.*	170		2,334
Plug Power, Inc.*	995		2,318
Par Pacific Holdings, Inc.*	90		2,273
Atlas Energy Solutions, Inc.	107		2,133
Vital Energy, Inc.*	45		2,017
US Silica Holdings, Inc.*	120		1,854
Crescent Energy Co. — Class A	151		1,789
Shoals Technologies Group, Inc. — Class A*	270		1,685
Fluence Energy, Inc.*	96		1,665
Green Plains, Inc.*	100		1,586
Select Water Solutions, Inc. — Class A	144		1,541
Comstock Resources, Inc.	146		1,515
Core Laboratories, Inc.	74		1,501
CVR Energy, Inc.	54		1,446
NextDecade Corp.*	182		1,445
Bristow Group, Inc.*	39		1,308
SunCoke Energy, Inc.	132		1,294
SilverBow Resources, Inc.*	34		1,286
ProPetro Holding Corp.*	143		1,240
Sable Offshore Corp.*	80		1,206
REX American Resources Corp.*	24		1,094
Newpark Resources, Inc.*	131		1,089
VAALCO Energy, Inc.	164		1,028
Dril-Quip, Inc.*	54		1,004
Diversified Energy Company plc	74		998
Nabors Industries Ltd.*	14		996
Sunnova Energy International, Inc.*,1	171		954
Vitesse Energy, Inc.	39		924
Kodiak Gas Services, Inc.	32		872
RPC, Inc.	134		838
Berry Corp.	121		782
TETRA Technologies, Inc.*	198		685
SandRidge Energy, Inc.	51		659
Aris Water Solutions, Inc. — Class A	42		658
Montauk Renewables, Inc.*	104		593
Granite Ridge Resources, Inc.	83		525
Ramaco Resources, Inc. — Class A	42		523
SEACOR Marine Holdings, Inc.*	38		513
Riley Exploration Permian, Inc.	18		510
Excelerate Energy, Inc. — Class A	27		498
FuelCell Energy, Inc.*,1	715		457
DMC Global, Inc.*	31		447
Oil States International, Inc.*	97		431
Amplify Energy Corp.*	62		420
Matrix Service Co.*	42		417
SunPower Corp. — Class A*	139		411
Ring Energy, Inc.*	234		395
Solaris Oilfield Infrastructure, Inc. — Class A	40		343
Natural Gas Services Group, Inc.*	17		342
W&T Offshore, Inc.	155		332
HighPeak Energy, Inc.1	23		323
Forum Energy Technologies, Inc.*	18		303

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
Hallador Energy Co.*	39	$	303
Freyr Battery, Inc.*	177		301
TPI Composites, Inc.*	73		291
Ranger Energy Services, Inc.	26		274
Stem, Inc.*,1	239		265
ProFrac Holding Corp. — Class A*	35		259
Evolution Petroleum Corp.	48		253
FutureFuel Corp.	41		210
NACCO Industries, Inc. — Class A	7		194
ASP Isotopes, Inc.*	62		190
Geospace Technologies Corp.*	20		180
Aemetis, Inc.*	57		172
Energy Vault Holdings, Inc.*	162		154
Mammoth Energy Services, Inc.*	38		125
Empire Petroleum Corp.*	22		114
PrimeEnergy Resources Corp.*	1		106
Ramaco Resources, Inc. — Class B	8		87
Drilling Tools International Corp.*	15		84
Prairie Operating Co.*	7		76
SolarMax Technology, Inc.*	8		26
Verde Clean Fuels, Inc.*	5		21
Total Energy			245,238
Communications - 2.5%
Credo Technology Group Holding Ltd.*	201		6,420
Hims & Hers Health, Inc.*	299		6,037
Q2 Holdings, Inc.*	93		5,611
InterDigital, Inc.	40		4,662
Squarespace, Inc. — Class A*	96		4,189
Perficient, Inc.*	55		4,113
Ziff Davis, Inc.*	72		3,964
Cogent Communications Holdings, Inc.	69		3,894
TEGNA, Inc.	278		3,875
Yelp, Inc. — Class A*	103		3,806
Cargurus, Inc.*	139		3,642
DigitalBridge Group, Inc.	251		3,439
EchoStar Corp. — Class A*	192		3,420
Calix, Inc.*	93		3,295
Telephone & Data Systems, Inc.	155		3,213
Cable One, Inc.	9		3,186
ePlus, Inc.*	41		3,021
Extreme Networks, Inc.*	198		2,663
Magnite, Inc.*	198		2,631
Viasat, Inc.*	191		2,426
Viavi Solutions, Inc.*	347		2,384
AST SpaceMobile, Inc.*	186		2,159
Upwork, Inc.*	196		2,107
Cars.com, Inc.*	104		2,049
Harmonic, Inc.*	174		2,048
Liberty Latin America Ltd. — Class C*	212		2,039
Infinera Corp.*	314		1,912
Opendoor Technologies, Inc.*	977		1,798
Lumen Technologies, Inc.*	1,596		1,756
Bumble, Inc. — Class A*	151		1,587
Sprinklr, Inc. — Class A*	162		1,558
A10 Networks, Inc.	112		1,551
Shutterstock, Inc.	39		1,509
Sphere Entertainment Co.*	42		1,473
QuinStreet, Inc.*	83		1,377
Scholastic Corp.	37		1,312
Globalstar, Inc.*	1,150		1,288
Despegar.com, Corp.*	97		1,283
TechTarget, Inc.*	41		1,278
Shenandoah Telecommunications Co.	77		1,257
Couchbase, Inc.*	61		1,114
Figs, Inc. — Class A*	205		1,093
HealthStream, Inc.	38		1,060
Gannett Company, Inc.*	224		1,033
Gogo, Inc.*	102		981
Stagwell, Inc.*	143		975
Revolve Group, Inc.*	60		955
Beyond, Inc.*	72		942
Applied Digital Corp.*,1	155		922
Open Lending Corp. — Class A*	161		898
Thryv Holdings, Inc.*	50		891
IDT Corp. — Class B	24		862
EverQuote, Inc. — Class A*	40		834
Pagaya Technologies Ltd. — Class A*	64		817
Anterix, Inc.*	20		792
Clear Channel Outdoor Holdings, Inc.*	550		776
Clearfield, Inc.*	20		771
Nextdoor Holdings, Inc.*	275		765
Vivid Seats, Inc. — Class A*	123		707
Gray Television, Inc.	135		702
NETGEAR, Inc.*	45		689
Liquidity Services, Inc.*	34		679
Sinclair, Inc.	50		667
Powerfleet Incorporated NJ*	143		654
ADTRAN Holdings, Inc.	124		652
Eventbrite, Inc. — Class A*	131		634
Stitch Fix, Inc. — Class A*	142		589
fuboTV, Inc.*	463		574
Groupon, Inc.*	36		551
Advantage Solutions, Inc.*	169		544
Consolidated Communications Holdings, Inc.*	121		532
Boston Omaha Corp. — Class A*	39		525
Cardlytics, Inc.*	63		517
Aviat Networks, Inc.*	18		516
Getty Images Holdings, Inc.*	158		515
MediaAlpha, Inc. — Class A*	39		514
Liberty Latin America Ltd. — Class A*	52		500
Preformed Line Products Co.	4		498
National CineMedia, Inc.*	112		492
RealReal, Inc.*	154		491
AMC Networks, Inc. — Class A*	50		483
Grindr, Inc.*	39		477
Ribbon Communications, Inc.*	143		470
Spok Holdings, Inc.	29		430
WideOpenWest, Inc.*	78		422
CommScope Holding Company, Inc.*	333		410
1-800-Flowers.com, Inc. — Class A*	41		390
Backblaze, Inc. — Class A*	63		388
ATN International, Inc.	17		388
Ooma, Inc.*	39		387
BARK, Inc.*	209		378
LifeMD, Inc.*	55		377
Innovid Corp.*	168		311
Blade Air Mobility, Inc.*	89		310
EW Scripps Co. — Class A*	96		301

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
Lands’ End, Inc.*	22	$	299
OptimizeRx Corp.*	28		280
Tucows, Inc. — Class A*	13		251
Townsquare Media, Inc. — Class A	21		230
Gambling.com Group Ltd.*	27		222
Terran Orbital Corp.*	243		199
Entravision Communications Corp. — Class A	97		197
AudioEye, Inc.*	11		194
Nerdy, Inc.*	115		192
BlackSky Technology, Inc.*	168		180
1stdibs.com, Inc.*	40		180
iHeartMedia, Inc. — Class A*	163		178
LiveOne, Inc.*	107		168
Mondee Holdings, Inc.*,1	60		144
RumbleON, Inc. — Class B*	25		103
Vacasa, Inc. — Class A*	15		73
Solo Brands, Inc. — Class A*	26		59
Value Line, Inc.	1		43
aka Brands Holding Corp.*	1		15
Total Communications			149,584
Basic Materials - 2.3%
Commercial Metals Co.	182		10,008
Carpenter Technology Corp.	75		8,219
Balchem Corp.	51		7,851
Cabot Corp.	85		7,811
HB Fuller Co.	86		6,619
Avient Corp.	142		6,198
Arcadium Lithium plc*	1,708		5,739
Sensient Technologies Corp.	66		4,897
Innospec, Inc.	39		4,820
Hecla Mining Co.	912		4,423
Minerals Technologies, Inc.	51		4,241
Constellium SE*	204		3,845
Sylvamo Corp.	55		3,773
Quaker Chemical Corp.	22		3,733
Uranium Energy Corp.*	620		3,726
Rogers Corp.*	30		3,618
Coeur Mining, Inc.*	623		3,501
Tronox Holdings plc — Class A	187		2,934
Stepan Co.	34		2,855
Hawkins, Inc.	30		2,730
Ingevity Corp.*	57		2,491
Kaiser Aluminum Corp.	25		2,198
Orion S.A.	91		1,997
Worthington Steel, Inc.	51		1,702
Perimeter Solutions S.A.*	211		1,652
Ecovyst, Inc.*	183		1,641
Energy Fuels, Inc.*,1	255		1,545
SSR Mining, Inc.	320		1,443
Mativ Holdings, Inc.	85		1,442
Century Aluminum Co.*	83		1,390
Novagold Resources, Inc.*	384		1,329
Ivanhoe Electric Incorporated / US*	132		1,238
Koppers Holdings, Inc.	32		1,184
Haynes International, Inc.	20		1,174
Metals Acquisition Ltd. — Class A*	85		1,164
Encore Energy Corp.*	281		1,107
United States Lime & Minerals, Inc.	3		1,093
Centrus Energy Corp. — Class A*	22		941
AdvanSix, Inc.	40		917
Radius Recycling, Inc. — Class A	42		641
Ur-Energy, Inc.*	433		606
Lightwave Logic, Inc.*	189		565
Compass Minerals International, Inc.	54		558
Rayonier Advanced Materials, Inc.*	101		549
Oil-Dri Corporation of America	8		513
Lifezone Metals Ltd.*	58		445
i-80 Gold Corp.*	409		442
Kronos Worldwide, Inc.	34		427
Intrepid Potash, Inc.*	17		398
Universal Stainless & Alloy Products, Inc.*	14		383
American Vanguard Corp.	40		344
Codexis, Inc.*	110		341
Perpetua Resources Corp.*	61		317
Piedmont Lithium, Inc.*,1	29		289
Dakota Gold Corp.*	103		263
Caledonia Mining Corporation plc	26		253
Contango ORE, Inc.*,1	12		217
Northern Technologies International Corp.	12		199
Critical Metals Corp.*	12		135
Valhi, Inc.	4		71
Total Basic Materials			137,145
Utilities - 1.8%
Portland General Electric Co.	160		6,918
Southwest Gas Holdings, Inc.	96		6,756
New Jersey Resources Corp.	155		6,625
Brookfield Infrastructure Corp. — Class A	189		6,362
Ormat Technologies, Inc.	85		6,095
Black Hills Corp.	108		5,873
ALLETE, Inc.	92		5,736
Otter Tail Corp.	65		5,693
ONE Gas, Inc.	89		5,683
PNM Resources, Inc.	142		5,248
Spire, Inc.	85		5,162
Northwestern Energy Group, Inc.	97		4,858
California Water Service Group	91		4,413
American States Water Co.	59		4,282
MGE Energy, Inc.	57		4,259
Avista Corp.	123		4,257
Chesapeake Utilities Corp.	35		3,717
SJW Group	51		2,765
Northwest Natural Holding Co.	60		2,166
Hawaiian Electric Industries, Inc.*	175		1,579
Ameresco, Inc. — Class A*	51		1,469
Middlesex Water Co.	28		1,463
Unitil Corp.	25		1,295
York Water Co.	23		853
Consolidated Water Company Ltd.	24		637
Altus Power, Inc.*	120		471
Genie Energy Ltd. — Class B	20		292
RGC Resources, Inc.	13		266
Global Water Resources, Inc.	18		218
Total Utilities			105,411
Government - 0.0%
Banco Latinoamericano de Comercio Exterior S.A. — Class E	43		1,276
Total Common Stocks
(Cost $3,919,883)			3,872,286

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

		Shares		Value
WARRANTS† - 0.0%
Danimer Scientific, Inc.
Expiring 07/15/25		45	$	–
Total Warrants
(Cost $0)				–
RIGHTS† - 0.0%
Consumer, Non-cyclical - 0.0%
Cartesian Therapeutics Inc.*		179		–
Sanofi SA*		52		–
Tobira Therapeutics, Inc. *,†††		14		–
Novartis AG *,†††		100		–
Total Consumer, Non-cyclical				–
Total Rights
(Cost $39)				–
MUTUAL FUNDS† - 19.9%
Guggenheim Strategy Fund II2		25,618		631,477
Guggenheim Ultra Short Duration Fund — Institutional Class2		56,061		557,250
Total Mutual Funds
(Cost $1,183,372)				1,188,727
		Face Amount
U.S. TREASURY BILLS†† - 4.7%
U.S. Treasury Bills
5.23% due 09/12/243,4	$	250,000		247,345
5.18% due 07/09/244,5		32,000		31,963
Total U.S. Treasury Bills
(Cost $279,311)				279,308
REPURCHASE AGREEMENTS††,6 - 10.1%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/243		336,764		336,764
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/243		265,499		265,499
Total Repurchase Agreements
(Cost $602,263)				602,263
		Shares
SECURITIES LENDING COLLATERAL†,7 - 0.7%
Money Market Fund***
First American Government Obligations Fund - Class X, 5.23%8		42,537		42,537
Total Securities Lending Collateral
(Cost $42,537)				42,537
Total Investments - 100.2%
(Cost $6,027,405)			$	5,985,121
Other Assets & Liabilities, net - (0.2)%				(12,463	)
Total Net Assets - 100.0%			$	5,972,658

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Appreciation**
Equity Futures Contracts Purchased†
Russell 2000 Index Mini Futures Contracts		3	Sep 2024	$	309,960	$	5,566

Total Return Swap Agreements
Counterparty	Index	Type	Financing Rate	Payment Frequency	Maturity Date	Units		Notional Amount		Value and Unrealized Appreciation
OTC Equity Index Swap Agreements††
Barclays Bank plc	Russell 2000 Index	Pay	5.79% (SOFR + 0.45%)	At Maturity	09/25/24		1,116	$	2,285,721	$	18,632
BNP Paribas	Russell 2000 Index	Pay	5.53% (Federal Funds Rate + 0.20%)	At Maturity	09/26/24		711		1,455,916		18,021
Goldman Sachs International	Russell 2000 Index	Pay	5.43% (Federal Funds Rate + 0.10%)	At Maturity	09/26/24		513		1,050,770		8,475
								$	4,792,407	$	45,128

*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
***	A copy of each underlying unaffiliated fund’s financial statements is available at the SEC’s website at www.sec.gov.
†	Value determined based on Level 1 inputs, unless otherwise noted - See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Affiliated issuer.
3	All or a portion of this security is pledged as equity index swap collateral at June 30, 2024.
4	Rate indicated is the effective yield at the time of purchase.
5	All or a portion of this security is pledged as futures collateral at June 30, 2024.

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

6	Repurchase Agreements — See Note 4.
7	Securities lending collateral — See Note 5.
8	Rate indicated is the 7-day yield as of June 30, 2024.

plc — Public Limited Company

REIT — Real Estate Investment Trust

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices			Level 2 Significant Observable Inputs			Level 3 Significant Unobservable Inputs			Total
Common Stocks	$	3,872,286		$	—	*	$	—		$	3,872,286
Warrants		—	*		—			—			—
Rights		—	*		—			—	*		—
Mutual Funds		1,188,727			—			—			1,188,727
U.S. Treasury Bills		—			279,308			—			279,308
Repurchase Agreements		—			602,263			—			602,263
Securities Lending Collateral		42,537			—			—			42,537
Equity Futures Contracts**		5,566			—			—			5,566
Equity Index Swap Agreements**		—			45,128			—			45,128
Total Assets	$	5,109,116		$	926,699		$	—		$	6,035,815

 

*	Security has a market value of $0.
**	This derivative is reported as unrealized appreciation/depreciation at period end.

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III (collectively, the “Guggenheim Strategy Funds”), each of which are open-end management investment companies managed by GI. The Guggenheim Strategy Funds, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Guggenheim Strategy Funds pay no investment management fees. The Guggenheim Strategy Funds’ annual report on Form N-CSR dated September 30, 2023 is available publicly or upon request. This information is available from the EDGAR database on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1601445/000182126823000217/gug86449-ncsr.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Transactions during the period ended June 30, 2024, in which the company is an affiliated issuer, were as follows:

Security Name	Value 03/31/24		Additions		Reductions		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 06/30/24		Shares 06/30/24		Investment Income
Mutual Funds
Guggenheim Strategy Fund II	$	630,196	$	–	$	–	$	–	$	1,281	$	631,477		25,618	$	8,832
Guggenheim Ultra Short Duration Fund — Institutional Class		555,568		–		–		–		1,682		557,250		56,061		7,197
	$	1,185,764	$	–	$	–	$	–	$	2,963	$	1,188,727			$	16,029

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 60.8%
Consumer, Non-cyclical - 14.5%
Insmed, Inc.*		719	$	48,178
Sprouts Farmers Market, Inc.*		467		39,069
Vaxcyte, Inc.*		506		38,208
HealthEquity, Inc.*		392		33,790
Ensign Group, Inc.		257		31,788
Blueprint Medicines Corp.*		291		31,364
Halozyme Therapeutics, Inc.*		578		30,264
Cytokinetics, Inc.*		517		28,011
REVOLUTION Medicines, Inc.*		706		27,400
Glaukos Corp.*		227		26,865
Lantheus Holdings, Inc.*		315		25,291
Merit Medical Systems, Inc.*		265		22,777
Madrigal Pharmaceuticals, Inc.*		81		22,693
TransMedics Group, Inc.*		149		22,442
Option Care Health, Inc.*		808		22,382
Brink’s Co.		208		21,299
Krystal Biotech, Inc.*		115		21,119
Haemonetics Corp.*		232		19,193
Avidity Biosciences, Inc.*		468		19,118
Alkermes plc*		780		18,798
RadNet, Inc.*		306		18,030
Integer Holdings Corp.*		154		17,832
Select Medical Holdings Corp.		495		17,355
Herc Holdings, Inc.		130		17,328
Lancaster Colony Corp.		91		17,196
Bridgebio Pharma, Inc.*		651		16,490
CBIZ, Inc.*		222		16,450
Alight, Inc. — Class A*		2,200		16,236
Korn Ferry		241		16,181
Crinetics Pharmaceuticals, Inc.*		360		16,124
Primo Water Corp.		731		15,980
StoneCo Ltd. — Class A*		1,326		15,899
Axonics, Inc.*		236		15,866
Neogen Corp.*		1,011		15,802
Guardant Health, Inc.*		547		15,797
Prestige Consumer Healthcare, Inc.*		229		15,767
iRhythm Technologies, Inc.*		145		15,608
Simply Good Foods Co.*		423		15,283
Insperity, Inc.		166		15,141
TriNet Group, Inc.		151		15,100
ABM Industries, Inc.		293		14,817
Arrowhead Pharmaceuticals, Inc.*		553		14,372
Oscar Health, Inc. — Class A*		901		14,254
Alarm.com Holdings, Inc.*		224		14,233
Stride, Inc.*		197		13,888
LivaNova plc*		253		13,869
WD-40 Co.		63		13,837
Axsome Therapeutics, Inc.*		169		13,604
Amicus Therapeutics, Inc.*		1,359		13,481
Denali Therapeutics, Inc.*		576		13,375
Dyne Therapeutics, Inc.*		374		13,198
Twist Bioscience Corp.*		266		13,108
ICF International, Inc.		86		12,768
Adtalem Global Education, Inc.*		181		12,346
Corcept Therapeutics, Inc.*		375		12,184
Ideaya Biosciences, Inc.*		346		12,148
Tandem Diabetes Care, Inc.*		300		12,087
Biohaven Ltd.*		348		12,079
SpringWorks Therapeutics, Inc.*		318		11,979
PROCEPT BioRobotics Corp.*		196		11,974
Marqeta, Inc. — Class A*		2,160		11,837
Inari Medical, Inc.*		245		11,797
ICU Medical, Inc.*		99		11,756
ADMA Biologics, Inc.*		1,043		11,661
Cal-Maine Foods, Inc.		190		11,611
J & J Snack Foods Corp.		71		11,528
TG Therapeutics, Inc.*		647		11,510
Strategic Education, Inc.		103		11,398
Geron Corp.*		2,667		11,308
Agios Pharmaceuticals, Inc.*		262		11,297
Nuvalent, Inc. — Class A*		148		11,227
Progyny, Inc.*		391		11,186
Celldex Therapeutics, Inc.*		299		11,066
Arcellx, Inc.*		200		11,038
STAAR Surgical Co.*		229		10,903
PTC Therapeutics, Inc.*		353		10,795
Graham Holdings Co. — Class B		15		10,493
Rhythm Pharmaceuticals, Inc.*		254		10,429
CorVel Corp.*		41		10,425
Vericel Corp.*		224		10,277
Helen of Troy Ltd.*		110		10,201
Myriad Genetics, Inc.*		414		10,126
Intellia Therapeutics, Inc.*		446		9,981
EVERTEC, Inc.		299		9,942
CONMED Corp.		143		9,913
Inter Parfums, Inc.		84		9,747
RxSight, Inc.*		158		9,507
Iovance Biotherapeutics, Inc.*		1,173		9,407
Protagonist Therapeutics, Inc.*		271		9,390
agilon health, Inc.*		1,429		9,346
LiveRamp Holdings, Inc.*		302		9,344
Laureate Education, Inc. — Class A		621		9,278
Integra LifeSciences Holdings Corp.*		317		9,237
Edgewell Personal Care Co.		228		9,163
Flywire Corp.*		559		9,162
AMN Healthcare Services, Inc.*		176		9,016
ACADIA Pharmaceuticals, Inc.*		554		9,002
Patterson Companies, Inc.		373		8,997
UFP Technologies, Inc.*		34		8,972
Addus HomeCare Corp.*		73		8,476
Surgery Partners, Inc.*		356		8,469
Novocure Ltd.*		493		8,445
Catalyst Pharmaceuticals, Inc.*		539		8,349
TreeHouse Foods, Inc.*		227		8,317
Beam Therapeutics, Inc.*		354		8,294
Novavax, Inc.*		654		8,280
GEO Group, Inc.*		576		8,271
NeoGenomics, Inc.*		591		8,197
Remitly Global, Inc.*		672		8,145
Astrana Health, Inc.*		200		8,112
Huron Consulting Group, Inc.*		82		8,077
Central Garden & Pet Co. — Class A*		242		7,993
Ardelyx, Inc.*		1,076		7,973
Arvinas, Inc.*		298		7,933
Syndax Pharmaceuticals, Inc.*		381		7,822
LeMaitre Vascular, Inc.		94		7,734
Teladoc Health, Inc.*		789		7,716
Veracyte, Inc.*		356		7,715
Upbound Group, Inc.		249		7,644

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 60.8% (continued)
Consumer, Non-cyclical - 14.5% (continued)
Andersons, Inc.		151	$	7,490
Akero Therapeutics, Inc.*		314		7,366
Cimpress plc*		84		7,359
Payoneer Global, Inc.*		1,312		7,268
Vector Group Ltd.		680		7,188
Recursion Pharmaceuticals, Inc. — Class A*		957		7,177
Amphastar Pharmaceuticals, Inc.*		178		7,120
Immunovant, Inc.*		269		7,102
Vital Farms, Inc.*		151		7,062
Kura Oncology, Inc.*		336		6,918
Dynavax Technologies Corp.*		610		6,850
PROG Holdings, Inc.		196		6,797
John Wiley & Sons, Inc. — Class A		167		6,797
Inmode Ltd.*		368		6,712
Ligand Pharmaceuticals, Inc. — Class B*		79		6,657
CoreCivic, Inc.*		511		6,633
Apogee Therapeutics, Inc.*		168		6,611
Rocket Pharmaceuticals, Inc.*		305		6,567
Vera Therapeutics, Inc.*		181		6,549
Perdoceo Education Corp.		303		6,490
MannKind Corp.*		1,228		6,410
US Physical Therapy, Inc.		69		6,377
Chefs’ Warehouse, Inc.*		162		6,336
Morphic Holding, Inc.*		185		6,303
National Healthcare Corp.		58		6,287
Supernus Pharmaceuticals, Inc.*		233		6,233
Mirum Pharmaceuticals, Inc.*		182		6,223
Keros Therapeutics, Inc.*		136		6,215
Kymera Therapeutics, Inc.*		206		6,149
Pacira BioSciences, Inc.*		212		6,065
Brookdale Senior Living, Inc. — Class A*		887		6,058
Edgewise Therapeutics, Inc.*		336		6,051
Avadel Pharmaceuticals plc*		428		6,018
BioCryst Pharmaceuticals, Inc.*		957		5,914
Nurix Therapeutics, Inc.*		280		5,844
Arlo Technologies, Inc.*		441		5,751
Omnicell, Inc.*		211		5,712
National Beverage Corp.		109		5,585
ANI Pharmaceuticals, Inc.*		86		5,476
Janux Therapeutics, Inc.*		130		5,446
Legalzoom.com, Inc.*		638		5,353
Universal Corp.		111		5,349
Kforce, Inc.		86		5,343
CRA International, Inc.		31		5,339
Xencor, Inc.*		275		5,206
Vita Coco Company, Inc.*		182		5,069
Utz Brands, Inc.		301		5,009
WK Kellogg Co.		304		5,004
AtriCure, Inc.*		219		4,987
Alphatec Holdings, Inc.*		476		4,974
Ocular Therapeutix, Inc.*		721		4,932
Silk Road Medical, Inc.*		182		4,921
MGP Ingredients, Inc.		66		4,910
Collegium Pharmaceutical, Inc.*		151		4,862
4D Molecular Therapeutics, Inc.*		231		4,849
Herbalife Ltd.*		463		4,811
Transcat, Inc.*		40		4,787
Weis Markets, Inc.		76		4,770
AdaptHealth Corp.*		472		4,720
Artivion, Inc.*		184		4,720
Owens & Minor, Inc.*		349		4,711
Amneal Pharmaceuticals, Inc.*		737		4,680
Tarsus Pharmaceuticals, Inc.*		170		4,621
Deluxe Corp.		205		4,604
Ingles Markets, Inc. — Class A		67		4,597
Arcutis Biotherapeutics, Inc.*		492		4,576
Coursera, Inc.*		637		4,561
Repay Holdings Corp.*		419		4,425
Ironwood Pharmaceuticals, Inc. — Class A*		655		4,271
Krispy Kreme, Inc.		396		4,261
Dole plc		348		4,260
Quanex Building Products Corp.		153		4,231
Harmony Biosciences Holdings, Inc.*		140		4,224
Innoviva, Inc.*		256		4,198
Avanos Medical, Inc.*		210		4,183
Soleno Therapeutics, Inc.*		102		4,162
ImmunityBio, Inc.*,1		656		4,146
John B Sanfilippo & Son, Inc.		42		4,081
Prothena Corporation plc*		197		4,066
Longboard Pharmaceuticals, Inc.*		150		4,054
Barrett Business Services, Inc.		119		3,900
Arcus Biosciences, Inc.*		252		3,838
Neumora Therapeutics, Inc.*		390		3,834
Udemy, Inc.*		443		3,823
Enliven Therapeutics, Inc.*		163		3,809
MiMedx Group, Inc.*		549		3,805
Aurinia Pharmaceuticals, Inc.*		665		3,797
First Advantage Corp.		235		3,776
Viridian Therapeutics, Inc.*		290		3,773
Spyre Therapeutics, Inc.*		160		3,762
Vir Biotechnology, Inc.*		415		3,694
Maravai LifeSciences Holdings, Inc. — Class A*		512		3,666
Healthcare Services Group, Inc.*		341		3,608
CareDx, Inc.*		231		3,587
Cogent Biosciences, Inc.*		425		3,583
United Natural Foods, Inc.*		272		3,563
Driven Brands Holdings, Inc.*		278		3,539
BioLife Solutions, Inc.*		164		3,515
Matthews International Corp. — Class A		138		3,457
Fresh Del Monte Produce, Inc.		157		3,430
Disc Medicine, Inc.*		76		3,425
CG oncology, Inc.*		108		3,410
PACS Group, Inc.*		115		3,393
Embecta Corp.		269		3,363
Sana Biotechnology, Inc.*		612		3,342
Praxis Precision Medicines, Inc.*		80		3,309
Day One Biopharmaceuticals, Inc.*		240		3,307
Monro, Inc.		138		3,293
Viad Corp.*		95		3,230
Kiniksa Pharmaceuticals International plc*		173		3,230
Liquidia Corp.*		267		3,204
Summit Therapeutics, Inc.*		405		3,159
Cytek Biosciences, Inc.*		562		3,136
Cullinan Therapeutics, Inc.*		179		3,122

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 60.8% (continued)
Consumer, Non-cyclical - 14.5% (continued)
Pennant Group, Inc.*		134	$	3,107
Mister Car Wash, Inc.*		434		3,090
Kelly Services, Inc. — Class A		144		3,083
ZipRecruiter, Inc. — Class A*		333		3,027
Relay Therapeutics, Inc.*		461		3,006
89bio, Inc.*		375		3,004
SpartanNash Co.		159		2,983
Pediatrix Medical Group, Inc.*		391		2,952
Harrow, Inc.*,1		141		2,945
Heidrick & Struggles International, Inc.		93		2,937
B&G Foods, Inc.		360		2,909
Immunome, Inc.*		238		2,880
Universal Technical Institute, Inc.*		183		2,879
Dianthus Therapeutics, Inc.*		111		2,873
Moneylion, Inc.*		39		2,868
Hain Celestial Group, Inc.*		415		2,868
Pliant Therapeutics, Inc.*		264		2,838
BrightSpring Health Services, Inc.*		249		2,829
Travere Therapeutics, Inc.*		341		2,803
Evolus, Inc.*		256		2,778
PetIQ, Inc.*		125		2,757
V2X, Inc.*		57		2,734
BrightView Holdings, Inc.*		205		2,726
LifeStance Health Group, Inc.*		553		2,715
Atrion Corp.		6		2,715
Sage Therapeutics, Inc.*		249		2,704
Surmodics, Inc.*		64		2,691
UroGen Pharma Ltd.*,1		159		2,668
Varex Imaging Corp.*		180		2,651
Scholar Rock Holding Corp.*		317		2,641
Paysafe Ltd.*		149		2,634
Castle Biosciences, Inc.*		120		2,612
Ennis, Inc.		118		2,583
Arcturus Therapeutics Holdings, Inc.*		106		2,581
Hackett Group, Inc.		117		2,541
Turning Point Brands, Inc.		79		2,535
Cass Information Systems, Inc.		63		2,524
REGENXBIO, Inc.*		213		2,492
SI-BONE, Inc.*		189		2,444
Nuvation Bio, Inc.*		831		2,427
Mind Medicine MindMed, Inc.*		333		2,401
USANA Health Sciences, Inc.*		53		2,398
Green Dot Corp. — Class A*		246		2,325
Cassava Sciences, Inc.*		188		2,322
I3 Verticals, Inc. — Class A*		105		2,318
SunOpta, Inc.*		425		2,295
Zimvie, Inc.*		125		2,281
AnaptysBio, Inc.*		91		2,280
Sterling Check Corp.*		153		2,264
Stoke Therapeutics, Inc.*		165		2,229
Zymeworks, Inc.*		259		2,204
Quanterix Corp.*		166		2,193
Altimmune, Inc.*		329		2,188
OrthoPediatrics Corp.*		76		2,186
Perspective Therapeutics, Inc.*		218		2,173
Cross Country Healthcare, Inc.*		154		2,131
Corbus Pharmaceuticals Holdings, Inc.*		47		2,127
HilleVax, Inc.*		146		2,111
Replimune Group, Inc.*		233		2,097
Applied Therapeutics, Inc.*		445		2,078
KalVista Pharmaceuticals, Inc.*		176		2,073
Orthofix Medical, Inc.*		156		2,069
Enhabit, Inc.*		231		2,061
Avid Bioservices, Inc.*		288		2,056
Y-mAbs Therapeutics, Inc.*		170		2,054
ACCO Brands Corp.		433		2,035
EyePoint Pharmaceuticals, Inc.*		232		2,018
ORIC Pharmaceuticals, Inc.*		285		2,015
Franklin Covey Co.*		53		2,014
Hertz Global Holdings, Inc.*		568		2,005
Olema Pharmaceuticals, Inc.*		185		2,002
Arbutus Biopharma Corp.*		646		1,996
Mission Produce, Inc.*		201		1,986
Humacyte, Inc.*		407		1,954
Community Health Systems, Inc.*		581		1,952
Esperion Therapeutics, Inc.*		875		1,942
Adaptive Biotechnologies Corp.*		536		1,940
ARS Pharmaceuticals, Inc.*		228		1,940
Annexon, Inc.*		390		1,911
Heron Therapeutics, Inc.*		544		1,904
Astria Therapeutics, Inc.*		209		1,902
MaxCyte, Inc.*		485		1,901
Tango Therapeutics, Inc.*		221		1,896
OPKO Health, Inc.*,1		1,509		1,886
Beyond Meat, Inc.*,1		277		1,859
Fulgent Genetics, Inc.*		94		1,844
Nano-X Imaging Ltd.*,1		251		1,842
Ocugen, Inc.*		1,185		1,837
Terns Pharmaceuticals, Inc.*		267		1,818
Savara, Inc.*		449		1,809
Editas Medicine, Inc.*		384		1,793
WaVe Life Sciences Ltd.*		359		1,791
iTeos Therapeutics, Inc.*		120		1,781
Fulcrum Therapeutics, Inc.*		287		1,779
Celcuity, Inc.*		108		1,769
Calavo Growers, Inc.		77		1,748
Neurogene, Inc.*		48		1,747
Duckhorn Portfolio, Inc.*		246		1,747
Pacific Biosciences of California, Inc.*,1		1,267		1,736
Central Garden & Pet Co.*		45		1,733
Anika Therapeutics, Inc.*		68		1,722
Alector, Inc.*		374		1,698
Carriage Services, Inc. — Class A		63		1,691
Voyager Therapeutics, Inc.*		213		1,685
Willdan Group, Inc.*		58		1,673
Taysha Gene Therapies, Inc.*		741		1,660
Resources Connection, Inc.		150		1,656
Tejon Ranch Co.*		97		1,655
SIGA Technologies, Inc.		215		1,632
National Research Corp. — Class A		71		1,629
Phathom Pharmaceuticals, Inc.*		158		1,627
iRadimed Corp.		37		1,626
Aura Biosciences, Inc.*		215		1,625
Entrada Therapeutics, Inc.*		114		1,624
Westrock Coffee Co.*		157		1,606
Verve Therapeutics, Inc.*		329		1,606
Limoneira Co.		77		1,602
OmniAb, Inc.*		427		1,601

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 60.8% (continued)
Consumer, Non-cyclical - 14.5% (continued)
Phibro Animal Health Corp. — Class A		95	$	1,593
Agenus, Inc.*		94		1,574
European Wax Center, Inc. — Class A*		157		1,559
Mineralys Therapeutics, Inc.*		132		1,544
Fate Therapeutics, Inc.*		464		1,522
Tyra Biosciences, Inc.*		94		1,503
Treace Medical Concepts, Inc.*		226		1,503
Distribution Solutions Group, Inc.*		50		1,500
Cargo Therapeutics, Inc.*		91		1,494
Vanda Pharmaceuticals, Inc.*		264		1,492
Paragon 28, Inc.*		218		1,491
ACELYRIN, Inc.*		338		1,491
Cabaletta Bio, Inc.*		199		1,489
BRC, Inc. — Class A*		241		1,477
OraSure Technologies, Inc.*		346		1,474
Cerus Corp.*		836		1,471
GeneDx Holdings Corp.*		56		1,464
TrueBlue, Inc.*		142		1,463
Xeris Biopharma Holdings, Inc.*		650		1,462
DocGo, Inc.*		471		1,455
Chegg, Inc.*		460		1,454
Nkarta, Inc.*		245		1,448
Theravance Biopharma, Inc.*		170		1,442
Aaron’s Company, Inc.		144		1,437
Lincoln Educational Services Corp.*		121		1,435
Anavex Life Sciences Corp.*,1		337		1,422
Axogen, Inc.*		196		1,419
Nevro Corp.*		168		1,415
Larimar Therapeutics, Inc.*		195		1,414
Tourmaline Bio, Inc.		107		1,376
ModivCare, Inc.*		52		1,365
Prime Medicine, Inc.*		263		1,352
Target Hospitality Corp.*		153		1,333
Tactile Systems Technology, Inc.*		110		1,313
American Public Education, Inc.*		73		1,283
Seneca Foods Corp. — Class A*		22		1,263
C4 Therapeutics, Inc.*		272		1,257
Revance Therapeutics, Inc.*		482		1,239
Erasca, Inc.*		522		1,232
Accolade, Inc.*		343		1,228
MacroGenics, Inc.*		285		1,211
Enanta Pharmaceuticals, Inc.*		93		1,206
Third Harmonic Bio, Inc.*		92		1,196
Atea Pharmaceuticals, Inc.*		357		1,182
Jasper Therapeutics, Inc.*		52		1,180
PepGen, Inc.*		72		1,149
Absci Corp.*		370		1,140
Allogene Therapeutics, Inc.*		487		1,135
Spire Global, Inc.*		103		1,117
Sutro Biopharma, Inc.*		379		1,110
Pulmonx Corp.*		175		1,110
CorMedix, Inc.*		254		1,100
Medifast, Inc.		50		1,091
Zentalis Pharmaceuticals, Inc.*		265		1,084
Honest Company, Inc.*		371		1,083
Lyell Immunopharma, Inc.*		744		1,079
AngioDynamics, Inc.*		177		1,071
Utah Medical Products, Inc.		16		1,069
Inozyme Pharma, Inc.*		239		1,066
Village Super Market, Inc. — Class A		40		1,056
Mersana Therapeutics, Inc.*		525		1,055
Omeros Corp.*		259		1,052
Viemed Healthcare, Inc.*		159		1,041
TScan Therapeutics, Inc.*		178		1,041
Actinium Pharmaceuticals, Inc.*		139		1,029
Custom Truck One Source, Inc.*		236		1,027
Nektar Therapeutics*		827		1,025
Mama’s Creations, Inc.*		152		1,024
ADC Therapeutics S.A.*		324		1,024
LENZ Therapeutics, Inc.1		58		1,003
Bioventus, Inc. — Class A*		174		1,001
Alta Equipment Group, Inc.		124		997
Olaplex Holdings, Inc.*		642		989
Akebia Therapeutics, Inc.*		964		983
Sezzle, Inc.*		11		970
Zevra Therapeutics, Inc.*		195		955
Inovio Pharmaceuticals, Inc.*		118		953
Performant Financial Corp.*		328		951
Pulse Biosciences, Inc.*		85		951
Korro Bio, Inc.*		28		948
Forrester Research, Inc.*		55		939
Organogenesis Holdings, Inc.*		334		935
Avita Medical, Inc.*		118		935
Biote Corp. — Class A*,1		125		934
Poseida Therapeutics, Inc.*		318		929
Precigen, Inc.*		586		926
ALX Oncology Holdings, Inc.*		153		923
Natural Grocers by Vitamin Cottage, Inc.		43		912
Nature’s Sunshine Products, Inc.*		60		904
Aquestive Therapeutics, Inc.*		344		894
Inogen, Inc.*		110		894
Lexicon Pharmaceuticals, Inc.*		532		894
Cartesian Therapeutics, Inc.*		33		891
Coherus Biosciences, Inc.*		510		882
Nathan’s Famous, Inc.		13		881
Orchestra BioMed Holdings, Inc.*		108		880
Acacia Research Corp.*		175		877
XOMA Corp.*		37		877
Bluebird Bio, Inc.*		888		874
2seventy bio, Inc.*		226		870
Alico, Inc.		33		855
ArriVent Biopharma, Inc.*		45		835
Trevi Therapeutics, Inc.*		272		811
Accuray, Inc.*		444		808
Black Diamond Therapeutics, Inc.*		172		802
Tenaya Therapeutics, Inc.*		255		791
Scilex Holding Co.*		402		775
Aldeyra Therapeutics, Inc.*		231		765
MeiraGTx Holdings plc*		180		758
Sera Prognostics, Inc. — Class A*		128		758
Quad/Graphics, Inc.		139		758
Semler Scientific, Inc.*		22		757
Lexeo Therapeutics, Inc.*		47		754
Achieve Life Sciences, Inc.*		160		752
Pyxis Oncology, Inc.*		226		748
CVRx, Inc.*		62		743

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 60.8% (continued)
Consumer, Non-cyclical - 14.5% (continued)
Whole Earth Brands, Inc.*		151	$	734
ProKidney Corp.*		292		718
Ispire Technology, Inc.*		89		712
Joint Corp.*		50		703
Shattuck Labs, Inc.*		181		699
Atossa Therapeutics, Inc.*		586		697
Lineage Cell Therapeutics, Inc.*		684		682
Inhibrx Biosciences, Inc.*		48		680
Cibus, Inc.*		69		680
Foghorn Therapeutics, Inc.*		117		673
Rigel Pharmaceuticals, Inc.*		81		669
Aveanna Healthcare Holdings, Inc.*		242		668
Fennec Pharmaceuticals, Inc.*		109		666
Beauty Health Co.*		345		662
Zynex, Inc.*		71		662
Adverum Biotechnologies, Inc.*		96		659
Elevation Oncology, Inc.*		242		653
Ventyx Biosciences, Inc.*		282		651
Generation Bio Co.*		229		646
Verrica Pharmaceuticals, Inc.*		88		641
Skye Bioscience, Inc.*		80		641
InfuSystem Holdings, Inc.*		92		628
CPI Card Group, Inc.*		23		627
Puma Biotechnology, Inc.*		192		626
Caribou Biosciences, Inc.*		381		625
ChromaDex Corp.*		227		620
Quipt Home Medical Corp.*		189		609
Cadiz, Inc.*		195		603
Solid Biosciences, Inc.*		104		590
Fibrobiologics, Inc.*		118		589
Kyverna Therapeutics, Inc.*		78		585
Biomea Fusion, Inc.*		128		576
MediWound Ltd.*		37		574
scPharmaceuticals, Inc.*		132		574
Candel Therapeutics, Inc.*		92		570
Contineum Therapeutics, Inc. — Class A*		32		564
Capricor Therapeutics, Inc.*		118		563
SoundThinking, Inc.*		46		560
CompoSecure, Inc. — Class A		82		558
HF Foods Group, Inc.*		184		552
Alimera Sciences, Inc.*		99		550
Century Therapeutics, Inc.*		213		543
Harvard Bioscience, Inc.*		189		539
Sanara Medtech, Inc.*		19		536
Nautilus Biotechnology, Inc.*		226		529
Monte Rosa Therapeutics, Inc.*		141		527
Regulus Therapeutics, Inc.*		293		523
G1 Therapeutics, Inc.*		229		522
Veru, Inc.*		612		515
Lifecore Biomedical, Inc.*		99		508
Inmune Bio, Inc.*		57		503
Q32 Bio, Inc.*		28		503
Quantum-Si, Inc.*		464		487
Design Therapeutics, Inc.*		145		486
Greenwich Lifesciences, Inc.*		28		483
IGM Biosciences, Inc.*		70		481
Information Services Group, Inc.		163		479
NeuroPace, Inc.*		63		476
Compass Therapeutics, Inc.*		472		472
Acumen Pharmaceuticals, Inc.*		194		469
Stereotaxis, Inc.*		254		462
X4 Pharmaceuticals, Inc.*		778		451
Priority Technology Holdings, Inc.*		84		444
XBiotech, Inc.*		86		442
Sonida Senior Living, Inc.*		16		440
Alto Neuroscience, Inc.*		41		438
Innovage Holding Corp.*		88		437
CervoMed, Inc.*		25		428
RAPT Therapeutics, Inc.*		139		424
DLH Holdings Corp.*		39		412
FiscalNote Holdings, Inc.*		279		407
Waldencast plc — Class A*		113		406
Invivyd, Inc.*		367		404
Cardiff Oncology, Inc.*		181		402
Emerald Holding, Inc.*		70		398
Renovaro, Inc.*		226		395
Gyre Therapeutics, Inc.*		32		382
Kodiak Sciences, Inc.*		151		355
Verastem, Inc.*		118		352
Werewolf Therapeutics, Inc.*		141		344
Zura Bio Ltd.*		93		326
HireQuest, Inc.		26		321
Acrivon Therapeutics, Inc.*		55		319
Akoya Biosciences, Inc.*		123		288
Lifeway Foods, Inc.*		21		268
Forafric Global plc*		25		267
Outlook Therapeutics, Inc.*		36		266
AirSculpt Technologies, Inc.*		61		244
Eliem Therapeutics, Inc.*		34		242
Prelude Therapeutics, Inc.*		61		232
Galectin Therapeutics, Inc.*		94		212
Ovid therapeutics, Inc.*		273		210
MarketWise, Inc.		179		208
Fractyl Health, Inc.*		35		149
Metagenomi, Inc.*		29		118
Conduit Pharmaceuticals, Inc.*		107		113
Boundless Bio, Inc.*		29		112
Telomir Pharmaceuticals, Inc.*		22		106
Aerovate Therapeutics, Inc.*		62		103
Tevogen Bio Holdings, Inc.*		101		73
Lyra Therapeutics, Inc.*		224		62
Ligand Pharmaceuticals, Inc.*,††		42		–
Total Consumer, Non-cyclical				2,709,528
Financial - 14.0%
FTAI Aviation Ltd.		461		47,592
Ryman Hospitality Properties, Inc. REIT		272		27,162
Essent Group Ltd.		483		27,140
SouthState Corp.		352		26,900
Selective Insurance Group, Inc.		282		26,460
Jackson Financial, Inc. — Class A		354		26,288
Terreno Realty Corp. REIT		443		26,217
Marathon Digital Holdings, Inc.*		1,267		25,150
Old National Bancorp		1,458		25,063
Mr Cooper Group, Inc.*		296		24,044
Cadence Bank		844		23,868
Essential Properties Realty Trust, Inc. REIT		813		22,528
Kite Realty Group Trust REIT		1,006		22,514
Hamilton Lane, Inc. — Class A		178		21,997
Radian Group, Inc.		702		21,832
Home BancShares, Inc.		873		20,917
United Bankshares, Inc.		612		19,853

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 60.8% (continued)
Consumer, Non-cyclical - 14.5% (continued)
Glacier Bancorp, Inc.		528	$	19,705
Independence Realty Trust, Inc. REIT		1,047		19,621
Hancock Whitney Corp.		402		19,228
Phillips Edison & Company, Inc. REIT		569		18,612
Moelis & Co. — Class A		327		18,593
Piper Sandler Cos.		80		18,414
Enstar Group Ltd.*		59		18,036
First Financial Bankshares, Inc.		603		17,807
SL Green Realty Corp. REIT1		308		17,445
UMB Financial Corp.		208		17,351
Sabra Health Care REIT, Inc. REIT		1,072		16,509
Cleanspark, Inc.*		1,027		16,381
CareTrust REIT, Inc.		628		15,763
Macerich Co. REIT		1,004		15,502
Hannon Armstrong Sustainable Infrastructure Capital, Inc.		521		15,422
Ameris Bancorp		305		15,357
Apple Hospitality REIT, Inc		1,056		15,354
ServisFirst Bancshares, Inc.		235		14,850
Associated Banc-Corp.		694		14,678
Walker & Dunlop, Inc.		149		14,632
PotlatchDeltic Corp. REIT		368		14,495
Axos Financial, Inc.*		253		14,459
Innovative Industrial Properties, Inc. REIT		131		14,308
International Bancshares Corp.		250		14,302
BGC Group, Inc. — Class A		1,712		14,210
United Community Banks, Inc.		554		14,105
Fulton Financial Corp.		828		14,059
Blackstone Mortgage Trust, Inc. — Class A REIT1		804		14,006
First BanCorp		763		13,955
Valley National Bancorp		1,999		13,953
Broadstone Net Lease, Inc. REIT		874		13,870
CNO Financial Group, Inc.		498		13,805
Atlantic Union Bankshares Corp.		414		13,600
Tanger, Inc. REIT		493		13,365
Texas Capital Bancshares, Inc.*		215		13,145
National Health Investors, Inc. REIT		194		13,140
WSFS Financial Corp.		278		13,066
COPT Defense Properties REIT		522		13,066
SITE Centers Corp. REIT		880		12,760
NMI Holdings, Inc. — Class A*		368		12,527
LXP Industrial Trust REIT		1,346		12,275
Arbor Realty Trust, Inc. REIT1		853		12,241
Genworth Financial, Inc. — Class A*		2,019		12,195
Cathay General Bancorp		322		12,146
Burford Capital Ltd.		928		12,110
Artisan Partners Asset Management, Inc. — Class A		292		12,051
McGrath RentCorp1		113		12,040
PJT Partners, Inc. — Class A		109		11,762
PennyMac Financial Services, Inc.		124		11,730
Riot Platforms, Inc.*		1,257		11,489
Community Financial System, Inc.		242		11,425
StepStone Group, Inc. — Class A		248		11,381
New York Community Bancorp, Inc.		3,524		11,347
Cushman & Wakefield plc*		1,061		11,034
Baldwin Insurance Group, Inc. — Class A*		305		10,818
CVB Financial Corp.		614		10,585
Four Corners Property Trust, Inc. REIT		425		10,485
Bank of Hawaii Corp.		181		10,355
Urban Edge Properties REIT		555		10,251
Bread Financial Holdings, Inc.		230		10,249
Pagseguro Digital Ltd. — Class A*		874		10,217
Pacific Premier Bancorp, Inc.		444		10,199
Simmons First National Corp. — Class A		575		10,108
BankUnited, Inc.		345		10,098
First Interstate BancSystem, Inc. — Class A		363		10,081
Eastern Bankshares, Inc.		720		10,066
Independent Bank Corp.		197		9,992
Douglas Emmett, Inc. REIT		748		9,956
Sunstone Hotel Investors, Inc. REIT		942		9,853
Outfront Media, Inc. REIT		686		9,810
First Financial Bancorp		437		9,710
StoneX Group, Inc.*		127		9,564
Park National Corp.		67		9,537
Equity Commonwealth REIT*		490		9,506
Seacoast Banking Corporation of Florida		391		9,243
Cohen & Steers, Inc.		127		9,215
Palomar Holdings, Inc.*		113		9,170
St. Joe Co.		167		9,135
Victory Capital Holdings, Inc. — Class A		191		9,116
First Merchants Corp.		270		8,988
TowneBank		326		8,890
WaFd, Inc.		309		8,831
Bancorp, Inc.*		232		8,760
Heartland Financial USA, Inc.		196		8,712
Trustmark Corp.		282		8,471
Upstart Holdings, Inc.*		357		8,422
Acadia Realty Trust REIT		468		8,387
Provident Financial Services, Inc.		583		8,366
Triumph Financial, Inc.*		102		8,339
DiamondRock Hospitality Co. REIT		975		8,239
Banc of California, Inc.		644		8,230
NBT Bancorp, Inc.		213		8,222
BancFirst Corp.		92		8,068
OFG Bancorp		215		8,052
Banner Corp.		159		7,893
InvenTrust Properties Corp. REIT		316		7,824
Renasant Corp.		256		7,818
Stewart Information Services Corp.		125		7,760
Core Scientific, Inc.*		826		7,682
Independent Bank Group, Inc.		168		7,647
Pebblebrook Hotel Trust REIT		553		7,604
Farmer Mac — Class C		42		7,595
Bank of NT Butterfield & Son Ltd.		215		7,551

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 60.8% (continued)
Consumer, Non-cyclical - 14.5% (continued)
Enova International, Inc.*		121	$	7,532
WesBanco, Inc.		267		7,452
City Holding Co.		68		7,225
Retail Opportunity Investments Corp. REIT		574		7,135
Lakeland Financial Corp.		115		7,075
Virtus Investment Partners, Inc.		31		7,001
Enterprise Financial Services Corp.		171		6,996
LTC Properties, Inc. REIT		199		6,865
Global Net Lease, Inc. REIT		930		6,835
Northwest Bancshares, Inc.		590		6,815
RLJ Lodging Trust REIT		706		6,799
Compass Diversified Holdings		309		6,764
Xenia Hotels & Resorts, Inc. REIT		472		6,764
Nelnet, Inc. — Class A		67		6,758
Hilltop Holdings, Inc.		216		6,756
National Bank Holdings Corp. — Class A		171		6,678
Pathward Financial, Inc.		118		6,675
Mercury General Corp.		124		6,589
Customers Bancorp, Inc.*		137		6,573
Elme Communities REIT		408		6,499
First Commonwealth Financial Corp.		469		6,477
Newmark Group, Inc. — Class A		633		6,476
Apollo Commercial Real Estate Finance, Inc. REIT		660		6,461
FB Financial Corp.		165		6,440
WisdomTree, Inc.		646		6,402
Two Harbors Investment Corp. REIT		481		6,354
Goosehead Insurance, Inc. — Class A*		109		6,261
JBG SMITH Properties REIT		411		6,260
Skyward Specialty Insurance Group, Inc.*		172		6,223
Horace Mann Educators Corp.		190		6,198
Ready Capital Corp. REIT		749		6,127
Getty Realty Corp. REIT		229		6,105
Compass, Inc. — Class A*		1,689		6,080
First Busey Corp.		247		5,980
Ladder Capital Corp. — Class A REIT		526		5,939
Stock Yards Bancorp, Inc.		119		5,911
S&T Bancorp, Inc.		177		5,910
First Bancorp		185		5,905
TriCo Bancshares		148		5,856
Empire State Realty Trust, Inc. — Class A REIT		621		5,825
Westamerica BanCorp		119		5,775
Hope Bancorp, Inc.		537		5,767
Alexander & Baldwin, Inc. REIT		337		5,715
Live Oak Bancshares, Inc.		161		5,645
SiriusPoint Ltd.*		457		5,575
Easterly Government Properties, Inc. REIT		450		5,566
Hut 8 Corp.*		371		5,561
PennyMac Mortgage Investment Trust REIT		403		5,541
NETSTREIT Corp. REIT		342		5,506
Apartment Investment and Management Co. — Class A REIT*		659		5,463
Veris Residential, Inc. REIT		364		5,460
Navient Corp.		374		5,446
Stellar Bancorp, Inc.		228		5,235
Nicolet Bankshares, Inc.		62		5,148
Veritex Holdings, Inc.		243		5,125
Kennedy-Wilson Holdings, Inc.		527		5,122
Safety Insurance Group, Inc.		68		5,102
MFA Financial, Inc. REIT		474		5,043
Employers Holdings, Inc.		117		4,988
Sandy Spring Bancorp, Inc.		204		4,969
National Western Life Group, Inc. — Class A		10		4,969
American Assets Trust, Inc. REIT		222		4,968
Peoples Bancorp, Inc.		160		4,800
Franklin BSP Realty Trust, Inc. REIT		380		4,788
Chimera Investment Corp. REIT		373		4,774
Terawulf, Inc.*		1,066		4,744
Cannae Holdings, Inc.		261		4,734
UMH Properties, Inc. REIT		296		4,733
Centerspace REIT		69		4,666
German American Bancorp, Inc.		132		4,666
Safehold, Inc. REIT		240		4,630
Ellington Financial, Inc. REIT		383		4,627
Berkshire Hills Bancorp, Inc.		201		4,583
QCR Holdings, Inc.		76		4,560
1st Source Corp.		85		4,558
Encore Capital Group, Inc.*		109		4,549
Trupanion, Inc.*,1		153		4,498
ARMOUR Residential REIT, Inc.1		227		4,399
American Healthcare REIT, Inc.		301		4,398
Origin Bancorp, Inc.		136		4,314
Preferred Bank/Los Angeles CA		57		4,303
LendingClub Corp.*		506		4,281
eXp World Holdings, Inc.		375		4,232
OceanFirst Financial Corp.		266		4,227
NexPoint Residential Trust, Inc. REIT		105		4,149
Piedmont Office Realty Trust, Inc. — Class A REIT		572		4,147
Enact Holdings, Inc.		135		4,139
FTAI Infrastructure, Inc.		467		4,030
Plymouth Industrial REIT, Inc.		186		3,977
Redwood Trust, Inc. REIT		610		3,959
Paramount Group, Inc. REIT		855		3,959
Perella Weinberg Partners		243		3,949
Lemonade, Inc.*		239		3,944
Service Properties Trust REIT		764		3,927
AMERISAFE, Inc.		88		3,862
Bank First Corp.		45		3,717
First Bancshares, Inc.		142		3,689
Southside Bancshares, Inc.		133		3,672
AssetMark Financial Holdings, Inc.*		106		3,662
Fidelis Insurance Holdings Ltd.		223		3,637
PRA Group, Inc.*		180		3,539
Dynex Capital, Inc. REIT		296		3,534
Brandywine Realty Trust REIT		785		3,517
HCI Group, Inc.		38		3,503
First Mid Bancshares, Inc.		106		3,485
Marcus & Millichap, Inc.		109		3,436

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 60.8% (continued)
Consumer, Non-cyclical - 14.5% (continued)
Byline Bancorp, Inc.		144	$	3,419
Brookline Bancorp, Inc.		409		3,415
BrightSpire Capital, Inc. REIT		598		3,409
Armada Hoffler Properties, Inc. REIT		307		3,405
Premier Financial Corp.		164		3,355
Dime Community Bancshares, Inc.		164		3,346
Cipher Mining, Inc.*		800		3,320
F&G Annuities & Life, Inc.		86		3,272
Redfin Corp.*		543		3,263
Uniti Group, Inc. REIT		1,108		3,235
Claros Mortgage Trust, Inc.		400		3,208
Merchants Bancorp		79		3,203
ConnectOne Bancorp, Inc.		168		3,174
Capitol Federal Financial, Inc.		575		3,157
Amerant Bancorp, Inc.		137		3,110
Community Trust Bancorp, Inc.		71		3,100
Diversified Healthcare Trust REIT		1,012		3,087
Patria Investments Ltd. — Class A		255		3,075
International Money Express, Inc.*		147		3,064
Univest Financial Corp.		134		3,059
Burke & Herbert Financial Services Corp.		60		3,059
ProAssurance Corp.*		250		3,055
Hudson Pacific Properties, Inc. REIT		634		3,050
Whitestone REIT — Class B		226		3,008
Old Second Bancorp, Inc.		202		2,992
Mercantile Bank Corp.		73		2,962
CrossFirst Bankshares, Inc.*		210		2,944
Summit Hotel Properties, Inc. REIT		486		2,911
First Community Bankshares, Inc.		79		2,910
Community Healthcare Trust, Inc. REIT		124		2,900
Tompkins Financial Corp.		59		2,885
Heritage Financial Corp.		159		2,867
Brightsphere Investment Group, Inc.		128		2,838
NB Bancorp, Inc.*		180		2,714
Gladstone Commercial Corp. REIT		186		2,654
Central Pacific Financial Corp.		124		2,629
NerdWallet, Inc. — Class A*		179		2,613
Eagle Bancorp, Inc.		137		2,589
Ambac Financial Group, Inc.*		201		2,577
Global Medical REIT, Inc.		281		2,551
Horizon Bancorp, Inc.		201		2,486
Independent Bank Corp.		92		2,484
TrustCo Bank Corporation NY		86		2,474
KKR Real Estate Finance Trust, Inc. REIT		272		2,462
CBL & Associates Properties, Inc. REIT		105		2,455
New York Mortgage Trust, Inc. REIT		420		2,453
Brookfield Business Corp. — Class A		120		2,450
Business First Bancshares, Inc.		112		2,437
Cambridge Bancorp		35		2,415
Heritage Commerce Corp.		276		2,401
Coastal Financial Corp.*		52		2,399
Equity Bancshares, Inc. — Class A		67		2,358
Farmland Partners, Inc. REIT		204		2,352
Universal Health Realty Income Trust REIT		60		2,348
Orrstown Financial Services, Inc.		85		2,326
Hanmi Financial Corp.		139		2,324
TPG RE Finance Trust, Inc. REIT		266		2,298
Amalgamated Financial Corp.		83		2,274
Alexander’s, Inc. REIT		10		2,249
Metrocity Bankshares, Inc.		85		2,244
Great Southern Bancorp, Inc.		40		2,224
Camden National Corp.		67		2,211
Midland States Bancorp, Inc.		97		2,197
Washington Trust Bancorp, Inc.		78		2,138
Gladstone Land Corp. REIT		156		2,136
Invesco Mortgage Capital, Inc. REIT		227		2,127
Farmers National Banc Corp.		169		2,111
World Acceptance Corp.*		17		2,101
United Fire Group, Inc.		97		2,085
Universal Insurance Holdings, Inc.		111		2,082
Root, Inc. — Class A*		40		2,064
Metropolitan Bank Holding Corp.*		49		2,062
Orchid Island Capital, Inc. REIT		246		2,052
HarborOne Bancorp, Inc.		184		2,048
HomeTrust Bancshares, Inc.		68		2,042
Republic Bancorp, Inc. — Class A		38		2,037
Southern Missouri Bancorp, Inc.		44		1,981
Arrow Financial Corp.		76		1,980
Peoples Financial Services Corp.		43		1,958
First Financial Corp.		53		1,955
CNB Financial Corp.		95		1,939
Tiptree, Inc. — Class A		117		1,929
LendingTree, Inc.*		46		1,913
Columbia Financial, Inc.*		127		1,901
Chatham Lodging Trust REIT		223		1,900
Northeast Bank		31		1,887
GCM Grosvenor, Inc. — Class A		192		1,874
Bar Harbor Bankshares		69		1,855
Diamond Hill Investment Group, Inc.		13		1,830
Capital City Bank Group, Inc.		64		1,820
Saul Centers, Inc. REIT		49		1,802
Peakstone Realty Trust REIT		169		1,791
Real Brokerage, Inc.*		441		1,791
Macatawa Bank Corp.		122		1,781
CTO Realty Growth, Inc. REIT		102		1,781
Five Star Bancorp		75		1,774
FRP Holdings, Inc.*		62		1,768
SmartFinancial, Inc.		74		1,752
Peapack-Gladstone Financial Corp.		77		1,744
One Liberty Properties, Inc. REIT		74		1,737
Northfield Bancorp, Inc.		182		1,725
Bit Digital, Inc.*,1		542		1,724
Selectquote, Inc.*		620		1,711

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 60.8% (continued)
Consumer, Non-cyclical - 14.5% (continued)
NET Lease Office Properties REIT		69	$	1,699
Flushing Financial Corp.		128		1,683
Greenlight Capital Re Ltd. — Class A*		128		1,677
B Riley Financial, Inc.1		95		1,676
Ares Commercial Real Estate Corp. REIT		247		1,643
P10, Inc. — Class A		193		1,637
Alerus Financial Corp.		83		1,628
RMR Group, Inc. — Class A		72		1,627
Shore Bancshares, Inc.		142		1,626
Carter Bankshares, Inc.*		106		1,603
First Foundation, Inc.		242		1,585
Esquire Financial Holdings, Inc.		33		1,571
Hippo Holdings, Inc.*		91		1,564
Kearny Financial Corp.		254		1,562
Mid Penn Bancorp, Inc.		69		1,515
MidWestOne Financial Group, Inc.		67		1,507
Anywhere Real Estate, Inc.*		455		1,506
RBB Bancorp		79		1,486
South Plains Financial, Inc.		55		1,485
Community West Bancshares		78		1,443
Northrim BanCorp, Inc.		25		1,441
ACNB Corp.		38		1,378
Farmers & Merchants Bancorp Incorporated/Archbold OH		59		1,370
Sierra Bancorp		61		1,365
NewtekOne, Inc.		108		1,357
Financial Institutions, Inc.		70		1,352
West BanCorp, Inc.		75		1,343
Postal Realty Trust, Inc. — Class A REIT		100		1,333
First Business Financial Services, Inc.		36		1,332
Home Bancorp, Inc.		33		1,320
Hamilton Insurance Group Ltd. — Class B*		77		1,282
Orange County Bancorp, Inc.		24		1,269
Investors Title Co.		7		1,261
Hingham Institution For Savings		7		1,252
First Bank/Hamilton NJ		98		1,249
First Bancorp, Inc.		50		1,242
Citizens & Northern Corp.		69		1,234
HBT Financial, Inc.		59		1,205
Chicago Atlantic Real Estate Finance, Inc. REIT		78		1,198
Bank of Marin Bancorp		74		1,198
Legacy Housing Corp.*		52		1,193
American Coastal Insurance Corp.*		112		1,182
Guaranty Bancshares, Inc.		37		1,167
MBIA, Inc.*		207		1,136
FS Bancorp, Inc.		31		1,130
Third Coast Bancshares, Inc.*		53		1,127
James River Group Holdings Ltd.		145		1,121
Enterprise Bancorp, Inc.		45		1,120
Industrial Logistics Properties Trust REIT		302		1,111
Civista Bancshares, Inc.		71		1,100
Regional Management Corp.		38		1,092
Dave, Inc.*		36		1,091
Bridgewater Bancshares, Inc.*		93		1,080
Greene County Bancorp, Inc.		32		1,079
Southern States Bancshares, Inc.		39		1,058
Red River Bancshares, Inc.		22		1,056
Southern First Bancshares, Inc.*		36		1,053
First Internet Bancorp		38		1,027
Northeast Community Bancorp, Inc.		57		1,016
John Marshall Bancorp, Inc.		58		1,012
BayCom Corp.		49		997
First of Long Island Corp.		99		992
MVB Financial Corp.		53		988
Primis Financial Corp.		94		985
Unity Bancorp, Inc.		33		976
Waterstone Financial, Inc.		76		972
HomeStreet, Inc.		85		969
Fidelity D&D Bancorp, Inc.		22		964
Citizens Financial Services, Inc.		21		955
AFC Gamma, Inc. REIT		78		952
Timberland Bancorp, Inc.		35		948
ChoiceOne Financial Services, Inc.		33		945
Colony Bankcorp, Inc.		77		943
Orion Office REIT, Inc.		260		933
Donegal Group, Inc. — Class A		72		927
BRT Apartments Corp. REIT		52		908
Alpine Income Property Trust, Inc. REIT		58		902
City Office REIT, Inc.		181		901
Plumas Bancorp		25		899
Norwood Financial Corp.		35		888
AG Mortgage Investment Trust, Inc. REIT		133		883
Capital Bancorp, Inc.		43		881
Blue Foundry Bancorp*		96		871
Parke Bancorp, Inc.		49		853
Maiden Holdings Ltd.*		408		841
Ames National Corp.		41		840
PCB Bancorp		51		830
FVCBankcorp, Inc.*		76		830
Ponce Financial Group, Inc.*		90		823
NexPoint Diversified Real Estate Trust REIT		148		818
Middlefield Banc Corp.		34		818
AlTi Global, Inc.*		156		813
Oak Valley Bancorp		32		799
LCNB Corp.		57		793
Braemar Hotels & Resorts, Inc. REIT		305		778
Forge Global Holdings, Inc.*		531		775
California BanCorp*		36		774
Maui Land & Pineapple Company, Inc.*		35		772
National Bankshares, Inc.		27		764
Princeton Bancorp, Inc.		23		761
Bankwell Financial Group, Inc.		30		761
Southern California Bancorp*		56		754
Velocity Financial, Inc.*		42		753
Heritage Insurance Holdings, Inc.*		106		751
Seven Hills Realty Trust REIT		59		748
Provident Bancorp, Inc.*		73		744
BCB Bancorp, Inc.		69		733

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 60.8% (continued)
Consumer, Non-cyclical - 14.5% (continued)
Atlanticus Holdings Corp.*		26	$	733
Star Holdings*		60		724
Virginia National Bankshares Corp.		22		722
Angel Oak Mortgage REIT, Inc.		55		721
Chemung Financial Corp.		15		720
Onity Group, Inc.*		30		719
Granite Point Mortgage Trust, Inc. REIT		233		692
Franklin Street Properties Corp. REIT		452		692
ESSA Bancorp, Inc.		39		686
Silvercrest Asset Management Group, Inc. — Class A		44		686
First Financial Northwest, Inc.		32		676
RE/MAX Holdings, Inc. — Class A		83		672
Medallion Financial Corp.		87		668
Investar Holding Corp.		43		662
Paysign, Inc.*		153		659
Stratus Properties, Inc.*		26		656
LINKBANCORP, Inc.		103		630
First Western Financial, Inc.*		37		629
USCB Financial Holdings, Inc.		48		616
Peoples Bancorp of North Carolina, Inc.		21		613
Crawford & Co. — Class A		70		605
Bank7 Corp.		18		563
NI Holdings, Inc.*		36		551
Pioneer Bancorp, Inc.*		54		541
Nexpoint Real Estate Finance, Inc. REIT		38		521
Sterling Bancorp, Inc.*		99		518
Kingsway Financial Services, Inc.*		60		494
Sky Harbour Group Corp.*		53		490
Consumer Portfolio Services, Inc.*		39		382
Strawberry Fields REIT, Inc.		27		308
OppFi, Inc.		84		285
SWK Holdings Corp.*		15		255
Offerpad Solutions, Inc.*		48		212
GoHealth, Inc. — Class A*		21		204
Clipper Realty, Inc. REIT		55		199
Transcontinental Realty Investors, Inc.*		6		166
Roadzen, Inc.*		70		155
American Realty Investors, Inc.*		7		99
Total Financial				2,612,716
Industrial - 9.6%
Fabrinet*		169		41,370
Applied Industrial Technologies, Inc.		178		34,532
Fluor Corp.*		791		34,448
UFP Industries, Inc.		280		31,360
SPX Technologies, Inc.*		209		29,707
Mueller Industries, Inc.		518		29,495
Chart Industries, Inc.*		196		28,291
Novanta, Inc.*		166		27,076
Casella Waste Systems, Inc. — Class A*		265		26,293
Badger Meter, Inc.		136		25,344
NEXTracker, Inc. — Class A*		540		25,315
Modine Manufacturing Co.*		239		23,945
Federal Signal Corp.		279		23,344
Watts Water Technologies, Inc. — Class A		127		23,288
Atkore, Inc.		170		22,938
Dycom Industries, Inc.*		132		22,276
Exponent, Inc.		234		22,258
Moog, Inc. — Class A		132		22,084
AeroVironment, Inc.*		121		22,041
GATX Corp.		165		21,840
Boise Cascade Co.		183		21,817
Itron, Inc.*		213		21,078
Matson, Inc.		158		20,693
Summit Materials, Inc. — Class A*		561		20,538
Franklin Electric Company, Inc.		210		20,227
Zurn Elkay Water Solutions Corp.		674		19,816
EnerSys		185		19,151
CSW Industrials, Inc.		72		19,102
Advanced Energy Industries, Inc.		173		18,815
Arcosa, Inc.		225		18,767
Knife River Corp.*		263		18,447
Scorpio Tankers, Inc.		217		17,640
Belden, Inc.		188		17,634
Terex Corp.		309		16,946
Sanmina Corp.*		254		16,827
Sterling Infrastructure, Inc.*		140		16,568
Cactus, Inc. — Class A		303		15,980
Kadant, Inc.		54		15,864
Golar LNG Ltd.		458		14,358
RXO, Inc.*		540		14,121
Enpro, Inc.		97		14,120
John Bean Technologies Corp.		147		13,961
Kratos Defense & Security Solutions, Inc.*		685		13,707
Vishay Intertechnology, Inc.		585		13,046
Hillenbrand, Inc.		325		13,007
Plexus Corp.*		126		13,001
Mueller Water Products, Inc. — Class A		720		12,902
Granite Construction, Inc.		204		12,642
ESCO Technologies, Inc.		120		12,605
Primoris Services Corp.		248		12,373
Frontdoor, Inc.*		364		12,299
Albany International Corp. — Class A		145		12,245
Hub Group, Inc. — Class A		283		12,183
ArcBest Corp.		109		11,672
AAR Corp.*		160		11,632
Griffon Corp.		179		11,431
Trinity Industries, Inc.		379		11,340
Bloom Energy Corp. — Class A*,1		921		11,273
Atmus Filtration Technologies, Inc.*		388		11,167
International Seaways, Inc.		187		11,057
Construction Partners, Inc. — Class A*		199		10,987
Enovix Corp.*,1		688		10,636
AZZ, Inc.		136		10,506
Werner Enterprises, Inc.		293		10,498
MYR Group, Inc.*		77		10,450
OSI Systems, Inc.*		75		10,314
Materion Corp.		95		10,272

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 60.8% (continued)
Consumer, Non-cyclical - 14.5% (continued)
Mirion Technologies, Inc.*		926	$	9,945
Energizer Holdings, Inc.		333		9,837
Gibraltar Industries, Inc.*		142		9,734
Enerpac Tool Group Corp.		252		9,622
Joby Aviation, Inc.*,1		1,862		9,496
TTM Technologies, Inc.*		468		9,093
Barnes Group, Inc.		215		8,903
Standex International Corp.		54		8,702
Leonardo DRS, Inc.*		341		8,699
Tennant Co.		88		8,663
Kennametal, Inc.		367		8,639
Masterbrand, Inc.*		587		8,617
Napco Security Technologies, Inc.		163		8,468
Janus International Group, Inc.*		657		8,298
Alamo Group, Inc.		47		8,131
Hillman Solutions Corp.*		910		8,054
O-I Glass, Inc.*		718		7,991
Golden Ocean Group Ltd.		564		7,783
Rocket Lab USA, Inc.*		1,612		7,738
Teekay Tankers Ltd. — Class A		111		7,638
Helios Technologies, Inc.		154		7,354
SFL Corporation Ltd.		522		7,245
DHT Holdings, Inc.		625		7,231
CTS Corp.		141		7,139
Knowles Corp.*		409		7,059
World Kinect Corp.		273		7,043
Greenbrier Companies, Inc.		142		7,036
Worthington Enterprises, Inc.		146		6,910
Mercury Systems, Inc.*		254		6,855
Dorian LPG Ltd.		160		6,714
Greif, Inc. — Class A		115		6,609
Montrose Environmental Group, Inc.*		147		6,550
Benchmark Electronics, Inc.		165		6,511
Aspen Aerogels, Inc.*		270		6,440
Apogee Enterprises, Inc.		101		6,346
Lindsay Corp.		51		6,267
Powell Industries, Inc.		43		6,166
NV5 Global, Inc.*		66		6,136
Ichor Holdings Ltd.*		151		5,821
American Woodmark Corp.*		73		5,738
IES Holdings, Inc.*		39		5,434
JELD-WEN Holding, Inc.*		398		5,361
Tecnoglass, Inc.		104		5,219
Marten Transport Ltd.		269		4,963
TriMas Corp.		188		4,805
Thermon Group Holdings, Inc.*		154		4,737
Triumph Group, Inc.*		299		4,607
Columbus McKinnon Corp.		132		4,559
Tutor Perini Corp.*		200		4,356
Ardmore Shipping Corp.		192		4,326
NuScale Power Corp.*,1		359		4,197
Argan, Inc.		57		4,170
Genco Shipping & Trading Ltd.		195		4,156
Cadre Holdings, Inc.		121		4,061
Metallus, Inc.*		198		4,013
CECO Environmental Corp.*		135		3,895
FLEX LNG Ltd.		141		3,813
Archer Aviation, Inc. — Class A*		1,081		3,805
Nordic American Tankers Ltd.		944		3,757
Hyster-Yale, Inc.		53		3,696
American Superconductor Corp.*		158		3,696
Proto Labs, Inc.*		119		3,676
Ducommun, Inc.*		63		3,658
Clearwater Paper Corp.*		75		3,635
Gorman-Rupp Co.		97		3,561
Energy Recovery, Inc.*		263		3,495
Vicor Corp.*		104		3,449
PureCycle Technologies, Inc.*,1		571		3,380
Sturm Ruger & Company, Inc.		79		3,290
Air Transport Services Group, Inc.*		237		3,287
Costamare, Inc.		199		3,270
Enviri Corp.*		367		3,167
Astec Industries, Inc.		106		3,144
Bel Fuse, Inc. — Class B		48		3,132
Smith & Wesson Brands, Inc.		211		3,026
ChargePoint Holdings, Inc.*		1,798		2,715
Insteel Industries, Inc.		87		2,694
Great Lakes Dredge & Dock Corp.*		305		2,678
Limbach Holdings, Inc.*		47		2,676
Astronics Corp.*		133		2,664
Heartland Express, Inc.		216		2,663
DXP Enterprises, Inc.*		58		2,659
Ryerson Holding Corp.		135		2,633
Kimball Electronics, Inc.*		113		2,484
Standard BioTools, Inc.*		1,397		2,473
Teekay Corp.*		265		2,377
nLight, Inc.*		213		2,328
Olympic Steel, Inc.		51		2,286
Myers Industries, Inc.		170		2,275
Ardagh Metal Packaging S.A.		669		2,275
Xometry, Inc. — Class A*		195		2,254
Forward Air Corp.		116		2,209
SmartRent, Inc.*		895		2,139
Pactiv Evergreen, Inc.		187		2,117
Mesa Laboratories, Inc.		24		2,082
LSB Industries, Inc.*		247		2,020
Stoneridge, Inc.*		126		2,011
Bowman Consulting Group Ltd.*		62		1,971
Overseas Shipholding Group, Inc. — Class A		226		1,917
LSI Industries, Inc.		130		1,881
Manitowoc Company, Inc.*		161		1,856
Covenant Logistics Group, Inc. — Class A		37		1,824
National Presto Industries, Inc.		24		1,803
Safe Bulkers, Inc.		292		1,699
Allient, Inc.		67		1,693
NVE Corp.		22		1,643
Evolv Technologies Holdings, Inc.*		605		1,543
Northwest Pipe Co.*		45		1,529
Eastman Kodak Co.*		280		1,506
Luxfer Holdings plc		124		1,437
Applied Optoelectronics, Inc.*		171		1,418
CryoPort, Inc.*		201		1,389
Greif, Inc. — Class B		22		1,375
Orion Group Holdings, Inc.*		142		1,350
Graham Corp.*		47		1,324
FARO Technologies, Inc.*		82		1,312
Universal Logistics Holdings, Inc.		32		1,299
Ranpak Holdings Corp.*		199		1,280
Himalaya Shipping Ltd.*		138		1,264

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 60.8% (continued)
Consumer, Non-cyclical - 14.5% (continued)
Centuri Holdings, Inc.*		63	$	1,227
Park Aerospace Corp.		86		1,176
GrafTech International Ltd.*		1,199		1,163
Pangaea Logistics Solutions Ltd.		145		1,135
Turtle Beach Corp.*		79		1,133
Sight Sciences, Inc.*		163		1,087
AerSale Corp.*		155		1,073
Park-Ohio Holdings Corp.		40		1,036
MicroVision, Inc.*		956		1,013
Mayville Engineering Company, Inc.*		59		983
Willis Lease Finance Corp.		14		970
Net Power, Inc.*		98		963
LanzaTech Global, Inc.*		518		958
Karat Packaging, Inc.		32		946
Radiant Logistics, Inc.*		165		939
Gencor Industries, Inc.*		48		928
Pure Cycle Corp.*		96		917
LB Foster Co. — Class A*		42		904
Iteris, Inc.*		197		853
GoPro, Inc. — Class A*		580		824
Omega Flex, Inc.		16		820
Byrna Technologies, Inc.*		80		798
Mistras Group, Inc.*		96		796
Redwire Corp.*		104		746
Virgin Galactic Holdings, Inc.*		87		733
Quest Resource Holding Corp.*		80		704
AMMO, Inc.*		415		697
Arq, Inc.*		114		692
Concrete Pumping Holdings, Inc.*		110		661
Bel Fuse, Inc. — Class A		8		647
NN, Inc.*		213		639
Twin Disc, Inc.		52		613
Eastern Co.		24		611
Tredegar Corp.*		123		589
Perma-Fix Environmental Services, Inc.*		58		588
Smith-Midland Corp.*		21		582
Latham Group, Inc.*		188		570
908 Devices, Inc.*		110		566
Core Molding Technologies, Inc.*		35		558
Ultralife Corp.*		47		499
Taylor Devices, Inc.*		11		495
PAM Transportation Services, Inc.*		28		486
Caesarstone Ltd.*		96		480
Intuitive Machines, Inc.*		132		436
VirTra, Inc.*		49		377
374Water, Inc.*		303		364
Eve Holding, Inc.*		82		332
NL Industries, Inc.		39		235
Southland Holdings, Inc.*		47		215
Bridger Aerospace Group Holdings, Inc.*		42		157
Amprius Technologies, Inc.*		65		82
Solidion Technology, Inc.*		41		23
Total Industrial				1,793,021
Consumer, Cyclical - 6.7%
Abercrombie & Fitch Co. — Class A*		233		41,437
Meritage Homes Corp.		166		26,867
Beacon Roofing Supply, Inc.*		295		26,698
Taylor Morrison Home Corp. — Class A*		481		26,667
Installed Building Products, Inc.		111		22,830
KB Home		312		21,896
Asbury Automotive Group, Inc.*		94		21,420
FirstCash Holdings, Inc.		181		18,983
Group 1 Automotive, Inc.		61		18,134
Academy Sports & Outdoors, Inc.		335		17,839
Signet Jewelers Ltd.		198		17,737
Boot Barn Holdings, Inc.*		137		17,663
Kontoor Brands, Inc.		258		17,067
Skyline Champion Corp.*		249		16,870
American Eagle Outfitters, Inc.		845		16,866
Tri Pointe Homes, Inc.*		433		16,129
Shake Shack, Inc. — Class A*		176		15,840
M/I Homes, Inc.*		125		15,267
SkyWest, Inc.*		184		15,101
Goodyear Tire & Rubber Co.*		1,320		14,982
GMS, Inc.*		185		14,913
Brinker International, Inc.*		204		14,768
Steven Madden Ltd.		336		14,213
Hilton Grand Vacations, Inc.*		342		13,827
Sweetgreen, Inc. — Class A*		458		13,804
Cavco Industries, Inc.*		39		13,501
Visteon Corp.*		126		13,444
Resideo Technologies, Inc.*		677		13,242
Red Rock Resorts, Inc. — Class A		228		12,524
Urban Outfitters, Inc.*		297		12,192
UniFirst Corp.		70		12,007
LCI Industries		115		11,889
Rush Enterprises, Inc. — Class A		282		11,807
Six Flags Entertainment Corp.		339		11,234
Dorman Products, Inc.*		122		11,161
Cinemark Holdings, Inc.*		511		11,048
Patrick Industries, Inc.		100		10,855
Aurora Innovation, Inc.*		3,895		10,789
International Game Technology plc		527		10,782
Century Communities, Inc.		131		10,697
Adient plc*		421		10,403
Vista Outdoor, Inc.*		270		10,165
Topgolf Callaway Brands Corp.*		657		10,052
HNI Corp.		218		9,814
Foot Locker, Inc.		386		9,619
Fox Factory Holding Corp.*		196		9,445
PriceSmart, Inc.		116		9,419
Atlanta Braves Holdings, Inc. — Class C*		232		9,150
United Parks & Resorts, Inc.*		165		8,961
Cheesecake Factory, Inc.		224		8,801
MillerKnoll, Inc.		331		8,768
LGI Homes, Inc.*		97		8,681
JetBlue Airways Corp.*		1,419		8,642
Acushnet Holdings Corp.		134		8,506
Sonos, Inc.*		571		8,428
Green Brick Partners, Inc.*		146		8,357
Phinia, Inc.		210		8,266
OPENLANE, Inc.*		497		8,245
Hanesbrands, Inc.*		1,637		8,070
Blue Bird Corp.*		149		8,023
La-Z-Boy, Inc.		199		7,419

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 60.8% (continued)
Consumer, Non-cyclical - 14.5% (continued)
Dana, Inc.		605	$	7,333
Papa John’s International, Inc.		154		7,235
Gentherm, Inc.*		146		7,201
Winnebago Industries, Inc.		132		7,154
OneSpaWorld Holdings Ltd.*		465		7,147
Bloomin’ Brands, Inc.		366		7,038
Oxford Industries, Inc.		69		6,910
H&E Equipment Services, Inc.		149		6,581
Warby Parker, Inc. — Class A*		404		6,488
ODP Corp.*		165		6,480
Victoria’s Secret & Co.*		364		6,432
AMC Entertainment Holdings, Inc. — Class A*		1,288		6,414
Madison Square Garden Entertainment Corp.*		181		6,196
Dave & Buster’s Entertainment, Inc.*		153		6,091
REV Group, Inc.		238		5,924
VSE Corp.		63		5,562
Steelcase, Inc. — Class A		429		5,560
Caleres, Inc.		158		5,309
Peloton Interactive, Inc. — Class A*		1,567		5,296
Buckle, Inc.		143		5,282
Sally Beauty Holdings, Inc.*		484		5,193
Life Time Group Holdings, Inc.*		273		5,141
ScanSource, Inc.*		116		5,140
G-III Apparel Group Ltd.*		187		5,062
MRC Global, Inc.*		390		5,035
Wolverine World Wide, Inc.		368		4,975
Winmark Corp.		14		4,937
Lions Gate Entertainment Corp. — Class B*		564		4,834
National Vision Holdings, Inc.*		361		4,725
Hibbett, Inc.		54		4,709
indie Semiconductor, Inc. — Class A*		760		4,689
Sabre Corp.*		1,742		4,651
Jack in the Box, Inc.		91		4,636
Wabash National Corp.		207		4,521
Vizio Holding Corp. — Class A*,1		412		4,450
Cracker Barrel Old Country Store, Inc.		102		4,300
XPEL, Inc.*		117		4,160
Monarch Casino & Resort, Inc.		61		4,156
Arhaus, Inc.		237		4,015
Interface, Inc. — Class A		266		3,905
Global Business Travel Group I*		581		3,835
Beazer Homes USA, Inc.*		137		3,765
American Axle & Manufacturing Holdings, Inc.*		533		3,726
Sonic Automotive, Inc. — Class A		67		3,649
BlueLinx Holdings, Inc.*		39		3,631
Allegiant Travel Co. — Class A		72		3,617
Camping World Holdings, Inc. — Class A		196		3,500
Leslie’s, Inc.*		833		3,490
PC Connection, Inc.		54		3,467
Rush Street Interactive, Inc.*		352		3,376
Dream Finders Homes, Inc. — Class A*		130		3,357
IMAX Corp.*		199		3,337
Malibu Boats, Inc. — Class A*		94		3,294
Hovnanian Enterprises, Inc. — Class A*		23		3,264
MarineMax, Inc.*		100		3,237
Everi Holdings, Inc.*		366		3,074
Shoe Carnival, Inc.		83		3,062
BJ’s Restaurants, Inc.*		88		3,054
Ethan Allen Interiors, Inc.		106		2,956
Hawaiian Holdings, Inc.*		236		2,934
Golden Entertainment, Inc.		94		2,924
Forestar Group, Inc.*		88		2,815
Miller Industries, Inc.		51		2,806
Standard Motor Products, Inc.		100		2,773
A-Mark Precious Metals, Inc.		81		2,622
Lions Gate Entertainment Corp. — Class A*		276		2,600
Dine Brands Global, Inc.		71		2,570
Accel Entertainment, Inc.*		243		2,493
First Watch Restaurant Group, Inc.*		141		2,476
Douglas Dynamics, Inc.		105		2,457
Portillo’s, Inc. — Class A*		250		2,430
Nu Skin Enterprises, Inc. — Class A		230		2,424
Daktronics, Inc.*		171		2,385
Arko Corp.		373		2,339
Luminar Technologies, Inc.*,1		1,553		2,314
Sun Country Airlines Holdings, Inc.*		183		2,298
Super Group SGHC Ltd.		694		2,242
Clean Energy Fuels Corp.*		791		2,112
Chuy’s Holdings, Inc.*		80		2,074
Global Industrial Co.		63		1,976
Atlanta Braves Holdings, Inc. — Class A*		47		1,943
Spirit Airlines, Inc.1		508		1,859
Shyft Group, Inc.		156		1,850
Hudson Technologies, Inc.*		206		1,811
RCI Hospitality Holdings, Inc.		40		1,742
Movado Group, Inc.		70		1,740
Xponential Fitness, Inc. — Class A*		111		1,732
Titan International, Inc.*		231		1,712
Xperi, Inc.*		208		1,708
Kura Sushi USA, Inc. — Class A*		27		1,703
Haverty Furniture Companies, Inc.		67		1,694
America’s Car-Mart, Inc.*		28		1,686
Denny’s Corp.*		236		1,676
Methode Electronics, Inc.		157		1,625
Rush Enterprises, Inc. — Class B		41		1,609
Lindblad Expeditions Holdings, Inc.*		164		1,583
Titan Machinery, Inc.*		96		1,526
OneWater Marine, Inc. — Class A*		55		1,516
Build-A-Bear Workshop, Inc. — Class A		60		1,516
Lovesac Co.*		66		1,490
Zumiez, Inc.*		76		1,480
MasterCraft Boat Holdings, Inc.*		78		1,473
Petco Health & Wellness Company, Inc.*		385		1,455
El Pollo Loco Holdings, Inc.*		125		1,414
Funko, Inc. — Class A*		142		1,386

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 60.8% (continued)
Consumer, Non-cyclical - 14.5% (continued)
Designer Brands, Inc. — Class A		195	$	1,332
Bally’s Corp.*		111		1,329
Savers Value Village, Inc.*		108		1,322
Genesco, Inc.*		50		1,293
Marcus Corp.		111		1,262
Rocky Brands, Inc.		34		1,257
Blink Charging Co.*		446		1,222
iRobot Corp.*,1		132		1,203
Solid Power, Inc.*		722		1,191
EVgo, Inc.*,1		467		1,144
Superior Group of Companies, Inc.		60		1,135
Hyliion Holdings Corp.*		653		1,058
Potbelly Corp.*		127		1,020
Cooper-Standard Holdings, Inc.*		78		970
Frontier Group Holdings, Inc.*,1		195		961
Sleep Number Corp.*		100		957
Clarus Corp.		141		949
Tile Shop Holdings, Inc.*		133		922
Destination XL Group, Inc.*		248		903
Weyco Group, Inc.		28		849
Citi Trends, Inc.*		37		787
Wheels Up Experience, Inc.*		415		784
Vera Bradley, Inc.*		124		776
Holley, Inc.*		216		773
Johnson Outdoors, Inc. — Class A		22		770
J Jill, Inc.		22		769
Landsea Homes Corp.*		83		763
Full House Resorts, Inc.*		152		760
SES AI Corp.*		603		754
Commercial Vehicle Group, Inc.*		152		745
Reservoir Media, Inc.*		90		711
Hooker Furnishings Corp.		49		709
Hamilton Beach Brands Holding Co. — Class A		40		688
Virco Manufacturing Corp.		48		669
JAKKS Pacific, Inc.*		37		663
Flexsteel Industries, Inc.		21		652
Livewire Group, Inc.*		84		643
Escalade, Inc.		46		634
ThredUp, Inc. — Class A*		364		619
Canoo, Inc.*		275		586
Biglari Holdings, Inc. — Class B*		3		580
GrowGeneration Corp.*		269		578
Lifetime Brands, Inc.		58		498
EVI Industries, Inc.		24		454
Torrid Holdings, Inc.*		57		427
Tilly’s, Inc. — Class A*		69		416
Marine Products Corp.		41		414
ONE Group Hospitality, Inc.*		96		408
Traeger, Inc.*		158		379
Purple Innovation, Inc.*		263		274
Aeva Technologies, Inc.*		106		267
CompX International, Inc.		7		173
United Homes Group, Inc.*		24		137
Qurate Retail, Inc. — Class B*		5		21
Total Consumer, Cyclical				1,262,335
Technology - 6.0%
SPS Commerce, Inc.*		172		32,365
Rambus, Inc.*		504		29,615
Altair Engineering, Inc. — Class A*		265		25,991
Insight Enterprises, Inc.*		129		25,588
CommVault Systems, Inc.*		202		24,557
Qualys, Inc.*		172		24,527
Varonis Systems, Inc.*		511		24,513
Maximus, Inc.		283		24,253
Tenable Holdings, Inc.*		546		23,795
ExlService Holdings, Inc.*		728		22,830
FormFactor, Inc.*		359		21,730
Axcelis Technologies, Inc.*		151		21,471
Verra Mobility Corp.*		771		20,971
ACI Worldwide, Inc.*		489		19,359
ASGN, Inc.*		209		18,428
Power Integrations, Inc.		262		18,390
Box, Inc. — Class A*		652		17,239
Workiva, Inc.*,1		234		17,080
Impinj, Inc.*		105		16,461
Silicon Laboratories, Inc.*		147		16,263
Synaptics, Inc.*		181		15,964
Diodes, Inc.*		211		15,177
Envestnet, Inc.*		235		14,709
Blackbaud, Inc.*		191		14,548
Zeta Global Holdings Corp. — Class A*		762		13,449
BlackLine, Inc.*		267		12,936
ACV Auctions, Inc. — Class A*		685		12,501
Kulicke & Soffa Industries, Inc.		254		12,494
Rapid7, Inc.*		287		12,407
Clearwater Analytics Holdings, Inc. — Class A*		649		12,019
Veeco Instruments, Inc.*		257		12,005
Freshworks, Inc. — Class A*		944		11,979
WNS Holdings Ltd.*		215		11,288
C3.ai, Inc. — Class A*,1		383		11,092
Progress Software Corp.		199		10,798
Agilysys, Inc.*		102		10,622
SiTime Corp.*		85		10,572
DigitalOcean Holdings, Inc.*		304		10,564
Evolent Health, Inc. — Class A*		535		10,229
Ultra Clean Holdings, Inc.*		205		10,045
AvidXchange Holdings, Inc.*		805		9,708
Ambarella, Inc.*		176		9,495
PagerDuty, Inc.*		413		9,470
Braze, Inc. — Class A*		242		9,399
Verint Systems, Inc.*		286		9,209
Vertex, Inc. — Class A*		251		9,049
NCR Atleos Corp.*		334		9,025
Semtech Corp.*		300		8,964
NCR Voyix Corp.*		674		8,324
Privia Health Group, Inc.*		473		8,221
Sprout Social, Inc. — Class A*		229		8,171
Clear Secure, Inc. — Class A		407		7,615
MaxLinear, Inc. — Class A*		366		7,371
PAR Technology Corp.*		156		7,346
Donnelley Financial Solutions, Inc.*		121		7,214
Cohu, Inc.*		214		7,083
Photronics, Inc.*		285		7,031
Everbridge, Inc.*		193		6,753
Intapp, Inc.*		181		6,637
IonQ, Inc.*,1		919		6,461
Xerox Holdings Corp.		539		6,263
PowerSchool Holdings, Inc. — Class A*		276		6,180
AvePoint, Inc.*		588		6,127
PROS Holdings, Inc.*		212		6,074

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 60.8% (continued)
Consumer, Non-cyclical - 14.5% (continued)
Zuora, Inc. — Class A*		600	$	5,958
NetScout Systems, Inc.*		320		5,853
Alkami Technology, Inc.*		204		5,810
Appian Corp. — Class A*		187		5,771
Jamf Holding Corp.*		344		5,676
CSG Systems International, Inc.		137		5,640
Adeia, Inc.		504		5,637
SMART Global Holdings, Inc.*		238		5,443
ACM Research, Inc. — Class A*		236		5,442
Matterport, Inc.*		1,213		5,422
PDF Solutions, Inc.*		144		5,239
SoundHound AI, Inc. — Class A*,1		1,315		5,194
Asana, Inc. — Class A*		368		5,148
N-able, Inc.*		331		5,041
Phreesia, Inc.*		236		5,003
Schrodinger Incorporated/United States*		258		4,990
Sapiens International Corporation N.V.		143		4,852
Diebold Nixdorf, Inc.*		117		4,502
Fastly, Inc. — Class A*		597		4,400
Alpha & Omega Semiconductor Ltd.*		107		3,999
PubMatic, Inc. — Class A*		194		3,940
Digi International, Inc.*		165		3,783
Pitney Bowes, Inc.		744		3,780
Alignment Healthcare, Inc.*		464		3,628
Simulations Plus, Inc.		74		3,598
E2open Parent Holdings, Inc.*		791		3,552
GigaCloud Technology, Inc. — Class A*		109		3,316
Integral Ad Science Holding Corp.*		335		3,256
Amplitude, Inc. — Class A*		354		3,151
SolarWinds Corp.		252		3,037
NextNav, Inc.*		348		2,822
Grid Dynamics Holdings, Inc.*		265		2,785
MeridianLink, Inc.*		125		2,670
BigCommerce Holdings, Inc.*		327		2,636
Ibotta, Inc. — Class A*		35		2,631
Yext, Inc.*		486		2,600
Vimeo, Inc.*		686		2,559
Blend Labs, Inc. — Class A*		1,069		2,523
Conduent, Inc.*		747		2,435
Mitek Systems, Inc.*		214		2,393
Instructure Holdings, Inc.*		102		2,388
Daily Journal Corp.*		6		2,367
Navitas Semiconductor Corp.*		584		2,295
Corsair Gaming, Inc.*		207		2,285
SEMrush Holdings, Inc. — Class A*		168		2,249
OneSpan, Inc.*		175		2,243
Digimarc Corp.*		70		2,171
Olo, Inc. — Class A*		485		2,144
PlayAGS, Inc.*		182		2,093
CEVA, Inc.*		108		2,083
Ouster, Inc.*		200		1,966
Bandwidth, Inc. — Class A*		114		1,924
Enfusion, Inc. — Class A*		224		1,908
Innodata, Inc.*		125		1,854
3D Systems Corp.*		590		1,811
Cantaloupe, Inc.*		271		1,789
Health Catalyst, Inc.*		271		1,732
Vishay Precision Group, Inc.*		56		1,705
Weave Communications, Inc.*		181		1,633
Planet Labs PBC*		781		1,453
Aehr Test Systems*		128		1,430
Consensus Cloud Solutions, Inc.*		83		1,426
Definitive Healthcare Corp.*		247		1,349
American Software, Inc. — Class A		146		1,333
Immersion Corp.		140		1,317
Thoughtworks Holding, Inc.*		463		1,315
Talkspace, Inc.*		569		1,309
Red Violet, Inc.*		51		1,295
Cricut, Inc. — Class A1		214		1,282
Unisys Corp.*		305		1,260
iLearningEngines Holdings, Inc.*		136		1,235
Domo, Inc. — Class B*		157		1,212
8x8, Inc.*		542		1,203
Climb Global Solutions, Inc.		19		1,193
EverCommerce, Inc.*		99		1,087
Telos Corp.*		261		1,049
SkyWater Technology, Inc.*		126		964
Arteris, Inc.*		128		961
Inspired Entertainment, Inc.*		102		933
Asure Software, Inc.*		110		924
Rackspace Technology, Inc.*		310		924
Outbrain, Inc.*		179		891
Playstudios, Inc.*		408		845
ReposiTrak, Inc.		54		826
CS Disco, Inc.*		136		811
ON24, Inc.*		128		769
Rimini Street, Inc.*		246		755
Digital Turbine, Inc.*		444		737
BigBear.ai Holdings, Inc.*		471		711
Viant Technology, Inc. — Class A*		72		711
Rigetti Computing, Inc.*		655		701
IBEX Holdings Ltd.*		42		680
Richardson Electronics Ltd.		57		678
QuickLogic Corp.*		64		665
eGain Corp.*		94		593
Porch Group, Inc.*		358		541
Cerence, Inc.*		191		541
Everspin Technologies, Inc.*		90		539
TTEC Holdings, Inc.		91		535
Kaltura, Inc.*		445		534
Rekor Systems, Inc.*		329		510
D-Wave Quantum, Inc.*		406		463
WM Technology, Inc.*		387		402
Golden Matrix Group, Inc.*		92		227
GCT Semiconductor Holding, Inc.*		35		182
System1, Inc.*		108		164
Airship AI Holdings, Inc.*		14		50
Total Technology				1,124,284
Energy - 3.8%
ChampionX Corp.		884		29,358
Murphy Oil Corp.		672		27,713
Equitrans Midstream Corp.		2,013		26,129
Noble Corporation plc		530		23,665
SM Energy Co.		530		22,912
PBF Energy, Inc. — Class A		481		22,136
Valaris Ltd.*		291		21,680
Tidewater, Inc.*		226		21,518

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 60.8% (continued)
Consumer, Non-cyclical - 14.5% (continued)
Magnolia Oil & Gas Corp. — Class A		802	$	20,323
Patterson-UTI Energy, Inc.		1,849		19,156
Transocean Ltd.*		3,378		18,072
Seadrill Ltd.*		345		17,768
Northern Oil and Gas, Inc.		459		17,061
California Resources Corp.		320		17,030
CNX Resources Corp.*		694		16,864
Helmerich & Payne, Inc.		448		16,191
Liberty Energy, Inc. — Class A		748		15,626
Warrior Met Coal, Inc.		240		15,065
Archrock, Inc.		715		14,457
Alpha Metallurgical Resources, Inc.		51		14,307
CONSOL Energy, Inc.*		136		13,876
Peabody Energy Corp.		593		13,117
Arch Resources, Inc.		81		12,331
Sunrun, Inc.*		1,013		12,014
Kosmos Energy Ltd.*		2,167		12,005
Oceaneering International, Inc.*		468		11,073
Expro Group Holdings N.V.*		439		10,062
Gulfport Energy Corp.*		60		9,060
Sitio Royalties Corp. — Class A		383		9,043
Talos Energy, Inc.*		685		8,323
Helix Energy Solutions Group, Inc.*		667		7,964
Diamond Offshore Drilling, Inc.*		474		7,342
Kinetik Holdings, Inc. — Class A		177		7,335
Delek US Holdings, Inc.		294		7,279
Array Technologies, Inc.*		707		7,254
Borr Drilling Ltd.*		1,098		7,082
DNOW, Inc.*		500		6,865
Plug Power, Inc.*		2,923		6,810
Par Pacific Holdings, Inc.*		265		6,691
Atlas Energy Solutions, Inc.		315		6,278
Vital Energy, Inc.*		132		5,916
US Silica Holdings, Inc.*		352		5,438
Crescent Energy Co. — Class A		443		5,250
Shoals Technologies Group, Inc. — Class A*		795		4,961
Fluence Energy, Inc.*		282		4,890
Green Plains, Inc.*		295		4,679
Select Water Solutions, Inc. — Class A		423		4,526
Comstock Resources, Inc.		428		4,443
Core Laboratories, Inc.		217		4,403
NextDecade Corp.*		536		4,256
CVR Energy, Inc.		158		4,230
Bristow Group, Inc.*		114		3,822
SunCoke Energy, Inc.		388		3,802
SilverBow Resources, Inc.*		99		3,745
ProPetro Holding Corp.*		420		3,641
Sable Offshore Corp.*		234		3,526
REX American Resources Corp.*		71		3,237
Newpark Resources, Inc.*		384		3,191
VAALCO Energy, Inc.		483		3,028
Nabors Industries Ltd.*		42		2,989
Diversified Energy Company plc		218		2,941
Dril-Quip, Inc.*		158		2,939
Sunnova Energy International, Inc.*,1		503		2,807
Vitesse Energy, Inc.		116		2,749
Kodiak Gas Services, Inc.		93		2,535
RPC, Inc.		394		2,463
Berry Corp.		355		2,293
TETRA Technologies, Inc.*		582		2,014
Aris Water Solutions, Inc. — Class A		124		1,943
SandRidge Energy, Inc.		149		1,927
Montauk Renewables, Inc.*		306		1,744
Granite Ridge Resources, Inc.		244		1,545
Ramaco Resources, Inc. — Class A		123		1,531
SEACOR Marine Holdings, Inc.*		113		1,524
Riley Exploration Permian, Inc.		53		1,500
Excelerate Energy, Inc. — Class A		81		1,493
FuelCell Energy, Inc.*,1		2,101		1,342
DMC Global, Inc.*		91		1,312
Oil States International, Inc.*		284		1,261
Amplify Energy Corp.*		182		1,234
Matrix Service Co.*		122		1,212
SunPower Corp. — Class A*,1		407		1,205
Ring Energy, Inc.*		686		1,159
Natural Gas Services Group, Inc.*		50		1,006
Solaris Oilfield Infrastructure, Inc. — Class A		116		995
W&T Offshore, Inc.		457		978
HighPeak Energy, Inc.1		67		942
Forum Energy Technologies, Inc.*		54		910
Hallador Energy Co.*		116		901
Freyr Battery, Inc.*		519		882
TPI Composites, Inc.*		214		854
Ranger Energy Services, Inc.		77		810
Stem, Inc.*,1		703		780
ProFrac Holding Corp. — Class A*		103		763
Evolution Petroleum Corp.		142		748
FutureFuel Corp.		121		621
ASP Isotopes, Inc.*		184		563
NACCO Industries, Inc. — Class A		19		526
Geospace Technologies Corp.*		58		521
Aemetis, Inc.*		168		506
Energy Vault Holdings, Inc.*		477		453
Mammoth Energy Services, Inc.*		113		371
Empire Petroleum Corp.*		65		335
PrimeEnergy Resources Corp.*		3		319
Ramaco Resources, Inc. — Class B		23		250
Drilling Tools International Corp.*		44		247
Prairie Operating Co.*		19		206
SolarMax Technology, Inc.*		24		79
Verde Clean Fuels, Inc.*		15		62
Total Energy				721,109
Communications - 2.3%
Credo Technology Group Holding Ltd.*		590		18,845
Hims & Hers Health, Inc.*		879		17,747
Q2 Holdings, Inc.*		273		16,470
InterDigital, Inc.		117		13,638
Squarespace, Inc. — Class A*		281		12,260
Perficient, Inc.*		161		12,041
Ziff Davis, Inc.*		211		11,616

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 60.8% (continued)
Consumer, Non-cyclical - 14.5% (continued)
Cogent Communications Holdings, Inc.		204	$	11,514
TEGNA, Inc.		816		11,375
Yelp, Inc. — Class A*		304		11,233
Cargurus, Inc.*		409		10,716
DigitalBridge Group, Inc.		736		10,083
EchoStar Corp. — Class A*		564		10,045
Calix, Inc.*		272		9,637
Telephone & Data Systems, Inc.		457		9,474
Cable One, Inc.		26		9,204
ePlus, Inc.*		122		8,989
Extreme Networks, Inc.*		582		7,828
Magnite, Inc.*		583		7,748
Viasat, Inc.*		562		7,137
Viavi Solutions, Inc.*		1,020		7,007
AST SpaceMobile, Inc.*		546		6,339
Upwork, Inc.*		577		6,203
Harmonic, Inc.*		512		6,026
Cars.com, Inc.*		305		6,008
Liberty Latin America Ltd. — Class C*		624		6,003
Infinera Corp.*		923		5,621
Opendoor Technologies, Inc.*		2,870		5,281
Lumen Technologies, Inc.*		4,689		5,158
Bumble, Inc. — Class A*		445		4,677
Sprinklr, Inc. — Class A*		476		4,579
A10 Networks, Inc.		328		4,543
Shutterstock, Inc.		116		4,489
Sphere Entertainment Co.*		123		4,312
QuinStreet, Inc.*		244		4,048
Scholastic Corp.		109		3,866
Globalstar, Inc.*		3,379		3,784
Despegar.com, Corp.*		285		3,771
TechTarget, Inc.*		120		3,740
Shenandoah Telecommunications Co.		226		3,691
Couchbase, Inc.*		180		3,287
Figs, Inc. — Class A*		602		3,209
HealthStream, Inc.		113		3,153
Gannett Company, Inc.*		657		3,029
Gogo, Inc.*		300		2,886
Stagwell, Inc.*		420		2,864
Revolve Group, Inc.*		178		2,832
Beyond, Inc.*		211		2,760
Applied Digital Corp.*,1		456		2,713
Open Lending Corp. — Class A*		473		2,639
Thryv Holdings, Inc.*		147		2,620
IDT Corp. — Class B		71		2,550
EverQuote, Inc. — Class A*		116		2,420
Pagaya Technologies Ltd. — Class A*		187		2,386
Anterix, Inc.*		58		2,296
Clear Channel Outdoor Holdings, Inc.*		1,616		2,279
Nextdoor Holdings, Inc.*		808		2,246
Clearfield, Inc.*		58		2,237
Vivid Seats, Inc. — Class A*		362		2,081
Gray Television, Inc.		396		2,059
NETGEAR, Inc.*		131		2,004
Liquidity Services, Inc.*		99		1,978
Sinclair, Inc.		148		1,973
ADTRAN Holdings, Inc.		365		1,920
Powerfleet Incorporated NJ*		419		1,915
Eventbrite, Inc. — Class A*		384		1,859
Stitch Fix, Inc. — Class A*		416		1,726
fuboTV, Inc.*		1,360		1,686
Groupon, Inc.*		106		1,622
Advantage Solutions, Inc.*		496		1,597
Consolidated Communications Holdings, Inc.*		356		1,566
Boston Omaha Corp. — Class A*		114		1,534
Cardlytics, Inc.*		186		1,527
Aviat Networks, Inc.*		53		1,521
Getty Images Holdings, Inc.*		465		1,516
MediaAlpha, Inc. — Class A*		115		1,515
Liberty Latin America Ltd. — Class A*		154		1,480
RealReal, Inc.*		453		1,445
National CineMedia, Inc.*		328		1,440
AMC Networks, Inc. — Class A*		148		1,430
Grindr, Inc.*		114		1,395
Ribbon Communications, Inc.*		420		1,382
Preformed Line Products Co.		11		1,370
Spok Holdings, Inc.		85		1,259
WideOpenWest, Inc.*		228		1,233
CommScope Holding Company, Inc.*		978		1,203
1-800-Flowers.com, Inc. — Class A*		120		1,142
Backblaze, Inc. — Class A*		185		1,140
Ooma, Inc.*		114		1,132
ATN International, Inc.		49		1,117
BARK, Inc.*		614		1,111
LifeMD, Inc.*		161		1,104
Innovid Corp.*		493		912
Blade Air Mobility, Inc.*		262		912
Lands’ End, Inc.*		66		897
EW Scripps Co. — Class A*		281		882
OptimizeRx Corp.*		81		810
Tucows, Inc. — Class A*		37		715
Townsquare Media, Inc. — Class A		61		669
Gambling.com Group Ltd.*		80		658
Terran Orbital Corp.*		714		585
Entravision Communications Corp. — Class A		285		579
AudioEye, Inc.*		32		563
Nerdy, Inc.*		337		563
1stdibs.com, Inc.*		118		530
BlackSky Technology, Inc.*		493		528
iHeartMedia, Inc. — Class A*		479		522
LiveOne, Inc.*		315		495
Mondee Holdings, Inc.*,1		176		422
RumbleON, Inc. — Class B*		74		303
Vacasa, Inc. — Class A*		43		209
Solo Brands, Inc. — Class A*		76		173
Value Line, Inc.		4		172
aka Brands Holding Corp.*		3		46
Total Communications				439,279
Basic Materials - 2.2%
Commercial Metals Co.		536		29,475
Carpenter Technology Corp.		220		24,107
Balchem Corp.		150		23,092
Cabot Corp.		251		23,064
HB Fuller Co.		254		19,548
Avient Corp.		418		18,246
Arcadium Lithium plc*		5,020		16,867
Sensient Technologies Corp.		195		14,467

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 60.8% (continued)
Consumer, Non-cyclical - 14.5% (continued)
Innospec, Inc.		115	$	14,213
Hecla Mining Co.		2,680		12,998
Minerals Technologies, Inc.		149		12,391
Constellium SE*		600		11,310
Sylvamo Corp.		163		11,182
Quaker Chemical Corp.		65		11,030
Uranium Energy Corp.*		1,822		10,950
Rogers Corp.*		87		10,493
Coeur Mining, Inc.*		1,830		10,285
Tronox Holdings plc — Class A		550		8,630
Stepan Co.		99		8,312
Hawkins, Inc.		90		8,190
Ingevity Corp.*		169		7,387
Kaiser Aluminum Corp.		74		6,505
Orion S.A.		267		5,858
Worthington Steel, Inc.		151		5,037
Perimeter Solutions S.A.*		620		4,855
Ecovyst, Inc.*		539		4,835
Energy Fuels, Inc.*		751		4,551
Mativ Holdings, Inc.		250		4,240
SSR Mining, Inc.		940		4,239
Century Aluminum Co.*		245		4,104
Novagold Resources, Inc.*		1,130		3,910
United States Lime & Minerals, Inc.		10		3,642
Ivanhoe Electric Incorporated / US*		387		3,630
Koppers Holdings, Inc.		95		3,514
Metals Acquisition Ltd. — Class A*		250		3,422
Haynes International, Inc.		58		3,405
Encore Energy Corp.*		826		3,254
Centrus Energy Corp. — Class A*		65		2,779
AdvanSix, Inc.		118		2,705
Radius Recycling, Inc. — Class A		122		1,863
Ur-Energy, Inc.*		1,274		1,784
Lightwave Logic, Inc.*		556		1,662
Compass Minerals International, Inc.		160		1,653
Rayonier Advanced Materials, Inc.*		297		1,616
Oil-Dri Corporation of America		23		1,474
Lifezone Metals Ltd.*		169		1,298
i-80 Gold Corp.*,1		1,201		1,297
Kronos Worldwide, Inc.		101		1,268
Intrepid Potash, Inc.*		51		1,195
Universal Stainless & Alloy Products, Inc.*		40		1,095
American Vanguard Corp.		117		1,006
Codexis, Inc.*		324		1,004
Perpetua Resources Corp.*		178		926
Piedmont Lithium, Inc.*		84		838
Dakota Gold Corp.*		304		775
Caledonia Mining Corporation plc		76		739
Contango ORE, Inc.*,1		36		650
Northern Technologies International Corp.		36		596
Critical Metals Corp.*		34		383
Valhi, Inc.		11		196
Total Basic Materials				404,040
Utilities - 1.7%
Portland General Electric Co.		471		20,366
Southwest Gas Holdings, Inc.		282		19,847
New Jersey Resources Corp.		455		19,447
Brookfield Infrastructure Corp. — Class A		556		18,715
Ormat Technologies, Inc.		250		17,925
Black Hills Corp.		318		17,293
Otter Tail Corp.		192		16,817
ALLETE, Inc.		269		16,772
ONE Gas, Inc.		261		16,665
PNM Resources, Inc.		417		15,412
Spire, Inc.		251		15,243
Northwestern Energy Group, Inc.		286		14,323
California Water Service Group		268		12,995
MGE Energy, Inc.		169		12,628
Avista Corp.		363		12,563
American States Water Co.		173		12,555
Chesapeake Utilities Corp.		102		10,833
SJW Group		150		8,133
Northwest Natural Holding Co.		176		6,355
Hawaiian Electric Industries, Inc.*		515		4,645
Ameresco, Inc. — Class A*		149		4,293
Middlesex Water Co.		82		4,285
Unitil Corp.		74		3,833
York Water Co.		66		2,448
Consolidated Water Company Ltd.		70		1,858
Altus Power, Inc.*		352		1,380
Genie Energy Ltd. — Class B		60		877
RGC Resources, Inc.		38		777
Global Water Resources, Inc.		54		653
Total Utilities				309,936
Government - 0.0%
Banco Latinoamericano de Comercio Exterior S.A. — Class E		127		3,768
Total Common Stocks
(Cost $10,890,210)				11,380,016
WARRANTS† - 0.0%
Danimer Scientific, Inc.
Expiring 07/15/25*		222		–
Total Warrants
(Cost $–)				–
RIGHTS† - 0.0%
Consumer, Non-cyclical - 0.0%
Cartesian Therapeutics, Inc.*		881		–
Sanofi SA*		261		–
Oncternal Therapeutics, Inc.*,†††		7		–
Tobira Therapeutics, Inc.*,†††		141		–
Novartis AG *,†††		429		–
Total Consumer, Non-cyclical				–
Total Rights
(Cost $271)				–
EXCHANGE-TRADED FUNDS***,† - 13.8%
Vanguard Russell 2000 ETF1		15,743		1,290,453
iShares Russell 2000 Index ETF1		6,356		1,289,569
Total Exchange-Traded Funds
(Cost $2,799,130)				2,580,022

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Face Amount
U.S. TREASURY BILLS†† - 4.8%
U.S. Treasury Bills
5.21% due 09/12/242,3	$	500,000	494,689
5.18% due 07/09/243,4		308,000	307,643
5.23% due 09/12/242,3		100,000	98,938
Total U.S. Treasury Bills
(Cost $901,294)			901,270
REPURCHASE AGREEMENTS††,5 - 16.6%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/242		1,738,612	1,738,612
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/242		1,370,691	1,370,691
Total Repurchase Agreements
(Cost $3,109,303)			3,109,303

	Shares
SECURITIES LENDING COLLATERAL†,6 - 11.6%
Money Market Fund***
First American Government Obligations Fund - Class X, 5.23%7		2,165,410		2,165,410
Total Securities Lending Collateral
(Cost $2,165,410)				2,165,410
Total Investments - 107.6%
(Cost $19,865,618)			$	20,136,021
Other Assets & Liabilities, net - (7.6)%				(1,415,130	)
Total Net Assets - 100.0%			$	18,720,891

Futures Contracts

Description	Number of Contracts	Expiration Date	Notional Amount		Value and Unrealized Appreciation**
Equity Futures Contracts Purchased†
Russell 2000 Index Mini Futures Contracts	16	Sep 2024	$	1,653,120	$	12,481

Total Return Swap Agreements

Counterparty	Index	Type	Financing Rate	Payment Frequency	Maturity Date	Units		Notional Amount		Value and Unrealized Appreciation
OTC Equity Index Swap Agreements††
BNP Paribas	Russell 2000 Index	Pay	5.53% (Federal Funds Rate + 0.20%)	At Maturity	09/26/24		497	$	1,017,067	$	12,588
Barclays Bank plc	Russell 2000 Index	Pay	5.79% (SOFR + 0.45%)	At Maturity	09/25/24		543		1,111,335		9,368
Goldman Sachs International	Russell 2000 Index	Pay	5.43% (Federal Funds Rate + 0.10%)	At Maturity	09/26/24		495		1,013,723		8,170
								$	3,142,125	$	30,126

*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
***	A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	All or a portion of this security is pledged as equity index swap collateral at June 30, 2024.
3	Rate indicated is the effective yield at the time of purchase.
4	All or a portion of this security is pledged as futures collateral at June 30, 2024.
5	Repurchase Agreements — See Note 4.
6	Securities lending collateral — See Note 5.
7	Rate indicated is the 7-day yield as of June 30, 2024.

plc — Public Limited Company

REIT — Real Estate Investment Trust

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices			Level 2 Significant Observable Inputs			Level 3 Significant Unobservable Inputs			Total
Common Stocks	$	11,380,016		$	—	*	$	—		$	11,380,016
Warrants		—	*		—			—			—
Rights		—	*		—			—	*		—
Exchange-Traded Funds		2,580,022			—			—			2,580,022
U.S. Treasury Bills		—			901,270			—			901,270
Repurchase Agreements		—			3,109,303			—			3,109,303
Securities Lending Collateral		2,165,410			—			—			2,165,410
Equity Futures Contracts**		12,481			—			—			12,481
Equity Index Swap Agreements**		—			30,126			—			30,126
Total Assets	$	16,137,929		$	4,040,699		$	—		$	20,178,628

* Security has a market value of $0.

** This derivative is reported as unrealized appreciation/depreciation at period end.

S&P 500® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 94.6%
Technology - 29.7%
Microsoft Corp.		37,603	$	16,806,661
NVIDIA Corp.		124,452		15,374,800
Apple, Inc.		72,926		15,359,674
Broadcom, Inc.		2,204		3,538,588
Advanced Micro Devices, Inc.*		8,178		1,326,553
Salesforce, Inc.		4,914		1,263,389
Adobe, Inc.*		2,267		1,259,409
Oracle Corp.		8,066		1,138,919
QUALCOMM, Inc.		5,656		1,126,562
Applied Materials, Inc.		4,204		992,102
Accenture plc — Class A		3,181		965,147
Intuit, Inc.		1,417		931,267
Texas Instruments, Inc.		4,607		896,200
ServiceNow, Inc.*		1,037		815,777
International Business Machines Corp.		4,648		803,872
Micron Technology, Inc.		5,603		736,963
Lam Research Corp.		661		703,866
Intel Corp.		21,537		667,001
Analog Devices, Inc.		2,509		572,704
KLA Corp.		681		561,491
Synopsys, Inc.*		772		459,386
Crowdstrike Holdings, Inc. — Class A*		1,167		447,183
Fiserv, Inc.*		2,960		441,158
Cadence Design Systems, Inc.*		1,377		423,772
NXP Semiconductor N.V.		1,294		348,203
Roper Technologies, Inc.		542		305,504
Autodesk, Inc.*		1,082		267,741
Microchip Technology, Inc.		2,734		250,161
Fidelity National Information Services, Inc.		2,814		212,063
Super Micro Computer, Inc.*		255		208,934
Monolithic Power Systems, Inc.		246		202,133
Fortinet, Inc.*		3,208		193,346
MSCI, Inc. — Class A		401		193,182
Paychex, Inc.		1,621		192,186
Fair Isaac Corp.*		125		186,083
Gartner, Inc.*		393		176,481
Electronic Arts, Inc.		1,231		171,515
Cognizant Technology Solutions Corp. — Class A		2,516		171,088
HP, Inc.		4,367		152,932
ON Semiconductor Corp.*		2,177		149,233
ANSYS, Inc.*		442		142,103
Hewlett Packard Enterprise Co.		6,577		139,235
NetApp, Inc.		1,044		134,467
Western Digital Corp.*		1,652		125,172
Take-Two Interactive Software, Inc.*		803		124,858
Broadridge Financial Solutions, Inc.		598		117,806
Teradyne, Inc.		790		117,149
PTC, Inc.*		606		110,092
Tyler Technologies, Inc.*		215		108,098
Seagate Technology Holdings plc		988		102,031
Leidos Holdings, Inc.		684		99,782
Skyworks Solutions, Inc.		812		86,543
Zebra Technologies Corp. — Class A*		260		80,322
Akamai Technologies, Inc.*		771		69,452
Jack Henry & Associates, Inc.		369		61,261
Qorvo, Inc.*		488		56,628
EPAM Systems, Inc.*		293		55,116
Dayforce, Inc.*		799		39,630
Paycom Software, Inc.		243		34,759
Total Technology				72,797,733
Consumer, Non-cyclical - 16.3%
Eli Lilly & Co.		4,039		3,656,830
UnitedHealth Group, Inc.		4,657		2,371,624
Procter & Gamble Co.		11,941		1,969,310
Johnson & Johnson		12,177		1,779,790
Merck & Company, Inc.		12,815		1,586,497
AbbVie, Inc.		8,934		1,532,360
Coca-Cola Co.		19,615		1,248,495
PepsiCo, Inc.		6,956		1,147,253
Thermo Fisher Scientific, Inc.		1,931		1,067,843
Abbott Laboratories		8,802		914,616
Amgen, Inc.		2,714		847,989
Danaher Corp.		3,335		833,250
Pfizer, Inc.		28,669		802,159
Intuitive Surgical, Inc.*		1,795		798,506
Philip Morris International, Inc.		7,865		796,960
S&P Global, Inc.		1,620		722,520
Elevance Health, Inc.		1,176		637,227
Vertex Pharmaceuticals, Inc.*		1,306		612,148
Stryker Corp.		1,715		583,529
Boston Scientific Corp.*		7,438		572,800
Regeneron Pharmaceuticals, Inc.*		537		564,403
Medtronic plc		6,718		528,774
Automatic Data Processing, Inc.		2,071		494,327
Cigna Group		1,437		475,029
Mondelez International, Inc. — Class A		6,787		444,141
Gilead Sciences, Inc.		6,303		432,449
Bristol-Myers Squibb Co.		10,256		425,932
Colgate-Palmolive Co.		4,151		402,813
Zoetis, Inc.		2,309		400,288
Altria Group, Inc.		8,690		395,830
McKesson Corp.		658		384,298
CVS Health Corp.		6,352		375,149
Becton Dickinson & Co.		1,462		341,684
Moody’s Corp.		795		334,639
HCA Healthcare, Inc.		981		315,176
PayPal Holdings, Inc.*		5,292		307,095
Cintas Corp.		436		305,313
Edwards Lifesciences Corp.*		3,049		281,636
Kimberly-Clark Corp.		1,704		235,493
Dexcom, Inc.*		2,012		228,121
Humana, Inc.		610		227,926
United Rentals, Inc.		337		217,948
Constellation Brands, Inc. — Class A		815		209,683
IDEXX Laboratories, Inc.*		418		203,650
Moderna, Inc.*		1,687		200,331
IQVIA Holdings, Inc.*		922		194,948
Verisk Analytics, Inc. — Class A		722		194,615
Agilent Technologies, Inc.		1,483		192,241

S&P 500® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 94.6% (continued)
Consumer, Non-cyclical - 16.3% (continued)
Corteva, Inc.		3,526	$	190,193
Cencora, Inc. — Class A		838		188,801
Quanta Services, Inc.		741		188,281
General Mills, Inc.		2,856		180,671
Sysco Corp.		2,520		179,903
Monster Beverage Corp.*		3,589		179,271
Centene Corp.*		2,700		179,010
Keurig Dr Pepper, Inc.		5,281		176,385
Kenvue, Inc.		9,688		176,128
Biogen, Inc.*		737		170,851
Kroger Co.		3,387		169,113
GE HealthCare Technologies, Inc.		2,148		167,372
Equifax, Inc.		625		151,537
Archer-Daniels-Midland Co.		2,502		151,246
ResMed, Inc.		743		142,225
Hershey Co.		747		137,321
Kraft Heinz Co.		3,993		128,654
Church & Dwight Company, Inc.		1,237		128,252
Estee Lauder Companies, Inc. — Class A		1,179		125,445
Global Payments, Inc.		1,291		124,840
West Pharmaceutical Services, Inc.		369		121,545
Cardinal Health, Inc.		1,232		121,130
Zimmer Biomet Holdings, Inc.		1,041		112,980
STERIS plc		500		109,770
Corpay, Inc.*		356		94,842
McCormick & Company, Inc.		1,274		90,378
Avery Dennison Corp.		408		89,209
Molina Healthcare, Inc.*		296		88,001
Cooper Companies, Inc.*		1,006		87,824
Hologic, Inc.*		1,181		87,689
Waters Corp.*		300		87,036
Labcorp Holdings, Inc.		426		86,695
Baxter International, Inc.		2,578		86,234
Clorox Co.		628		85,703
Align Technology, Inc.*		354		85,466
Tyson Foods, Inc. — Class A		1,447		82,682
Quest Diagnostics, Inc.		562		76,927
Kellanova		1,332		76,830
Bunge Global S.A.		716		76,447
Insulet Corp.*		354		71,437
Rollins, Inc.		1,421		69,331
Conagra Brands, Inc.		2,419		68,748
Revvity, Inc.		624		65,433
Viatris, Inc.		6,024		64,035
Lamb Weston Holdings, Inc.		731		61,462
J M Smucker Co.		537		58,554
Bio-Techne Corp.		797		57,105
Universal Health Services, Inc. — Class B		302		55,849
Charles River Laboratories International, Inc.*		261		53,917
Catalent, Inc.*		916		51,507
Teleflex, Inc.		238		50,058
Incyte Corp.*		804		48,739
Molson Coors Beverage Co. — Class B		920		46,764
Campbell Soup Co.		995		44,964
Hormel Foods Corp.		1,469		44,790
Henry Schein, Inc.*		648		41,537
Brown-Forman Corp. — Class B		906		39,130
MarketAxess Holdings, Inc.		192		38,502
Solventum Corp.*		699		36,963
DaVita, Inc.*		262		36,305
Bio-Rad Laboratories, Inc. — Class A*		103		28,130
Total Consumer, Non-cyclical				39,911,785
Communications - 14.4%
Amazon.com, Inc.*		46,333		8,953,852
Meta Platforms, Inc. — Class A		11,088		5,590,791
Alphabet, Inc. — Class A		29,718		5,413,134
Alphabet, Inc. — Class C		24,724		4,534,876
Netflix, Inc.*		2,180		1,471,239
Cisco Systems, Inc.		20,486		973,290
Walt Disney Co.		9,224		915,851
Verizon Communications, Inc.		21,296		878,247
Comcast Corp. — Class A		19,803		775,486
Uber Technologies, Inc.*		10,572		768,373
AT&T, Inc.		36,276		693,234
Booking Holdings, Inc.		172		681,378
Palo Alto Networks, Inc.*		1,635		554,281
T-Mobile US, Inc.		2,609		459,654
Arista Networks, Inc.*		1,284		450,016
Airbnb, Inc. — Class A*		2,234		338,742
Motorola Solutions, Inc.		844		325,826
CDW Corp.		680		152,211
Corning, Inc.		3,901		151,554
Charter Communications, Inc. — Class A*		496		148,284
eBay, Inc.		2,560		137,523
GoDaddy, Inc. — Class A*		713		99,613
Omnicom Group, Inc.		991		88,893
Warner Bros Discovery, Inc.*		11,282		83,938
Expedia Group, Inc.*		642		80,886
FactSet Research Systems, Inc.		193		78,796
VeriSign, Inc.*		438		77,876
Gen Digital, Inc.		2,788		69,644
Juniper Networks, Inc.		1,644		59,940
Interpublic Group of Companies, Inc.		1,910		55,562
News Corp. — Class A		1,919		52,907
F5, Inc.*		297		51,152
Match Group, Inc.*		1,344		40,831
Fox Corp. — Class A		1,169		40,179
Etsy, Inc.*		592		34,916
Paramount Global — Class B		2,501		25,985
Fox Corp. — Class B		667		21,357
News Corp. — Class B		579		16,438
Total Communications				35,346,755
Financial - 12.7%
Berkshire Hathaway, Inc. — Class B*		9,159		3,725,881
JPMorgan Chase & Co.		14,529		2,938,636
Visa, Inc. — Class A		7,964		2,090,311
Mastercard, Inc. — Class A		4,154		1,832,579
Bank of America Corp.		34,422		1,368,963
Wells Fargo & Co.		17,639		1,047,580
Goldman Sachs Group, Inc.		1,631		737,734
American Express Co.		2,875		665,706
Progressive Corp.		2,963		615,445

S&P 500® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 94.6% (continued)
Financial - 12.7% (continued)
Morgan Stanley		6,331	$	615,310
Citigroup, Inc.		9,651		612,452
BlackRock, Inc. — Class A		707		556,635
Charles Schwab Corp.		7,553		556,581
Prologis, Inc. REIT		4,684		526,060
Marsh & McLennan Companies, Inc.		2,493		525,325
Chubb Ltd.		2,054		523,934
American Tower Corp. — Class A REIT		2,363		459,320
Blackstone, Inc. — Class A		3,616		447,661
Intercontinental Exchange, Inc.		2,902		397,255
Equinix, Inc. REIT		480		363,168
CME Group, Inc. — Class A		1,822		358,205
KKR & Company, Inc. — Class A		3,367		354,343
Aon plc — Class A		1,100		322,938
Welltower, Inc. REIT		3,025		315,356
U.S. Bancorp		7,895		313,432
PNC Financial Services Group, Inc.		2,013		312,981
Arthur J Gallagher & Co.		1,105		286,538
Capital One Financial Corp.		1,933		267,624
Truist Financial Corp.		6,770		263,014
Simon Property Group, Inc. REIT		1,649		250,318
Digital Realty Trust, Inc. REIT		1,642		249,666
American International Group, Inc.		3,358		249,298
Travelers Companies, Inc.		1,159		235,671
Aflac, Inc.		2,616		233,635
Realty Income Corp. REIT		4,406		232,725
Public Storage REIT		800		230,120
Bank of New York Mellon Corp.		3,784		226,624
Ameriprise Financial, Inc.		503		214,877
Crown Castle, Inc. REIT		2,198		214,745
Allstate Corp.		1,335		213,146
Prudential Financial, Inc.		1,816		212,817
MetLife, Inc.		3,022		212,114
Arch Capital Group Ltd.*		1,892		190,884
Extra Space Storage, Inc. REIT		1,071		166,444
Discover Financial Services		1,268		165,867
CoStar Group, Inc.*		2,066		153,173
VICI Properties, Inc. REIT		5,278		151,162
Hartford Financial Services Group, Inc.		1,496		150,408
AvalonBay Communities, Inc. REIT		718		148,547
CBRE Group, Inc. — Class A*		1,526		135,982
Willis Towers Watson plc		517		135,526
Iron Mountain, Inc. REIT		1,483		132,906
T. Rowe Price Group, Inc.		1,130		130,300
M&T Bank Corp.		844		127,748
Fifth Third Bancorp		3,461		126,292
Equity Residential REIT		1,745		120,998
Raymond James Financial, Inc.		944		116,688
Nasdaq, Inc.		1,925		116,000
State Street Corp.		1,524		112,776
Brown & Brown, Inc.		1,198		107,113
SBA Communications Corp. REIT		544		106,787
Ventas, Inc. REIT		2,048		104,981
Weyerhaeuser Co. REIT		3,688		104,702
Invitation Homes, Inc. REIT		2,913		104,548
Huntington Bancshares, Inc.		7,332		96,636
Synchrony Financial		2,032		95,890
Cincinnati Financial Corp.		792		93,535
Alexandria Real Estate Equities, Inc. REIT		796		93,108
Regions Financial Corp.		4,634		92,865
Essex Property Trust, Inc. REIT		325		88,465
Cboe Global Markets, Inc.		520		88,431
Northern Trust Corp.		1,035		86,919
Principal Financial Group, Inc.		1,091		85,589
Mid-America Apartment Communities, Inc. REIT		591		84,283
Everest Group Ltd.		220		83,825
Citizens Financial Group, Inc.		2,302		82,941
W R Berkley Corp.		1,022		80,309
Healthpeak Properties, Inc. REIT		3,561		69,796
Loews Corp.		919		68,686
KeyCorp		4,770		67,782
Kimco Realty Corp. REIT		3,377		65,716
Host Hotels & Resorts, Inc. REIT		3,567		64,135
UDR, Inc. REIT		1,533		63,083
Camden Property Trust REIT		539		58,810
Regency Centers Corp. REIT		832		51,750
BXP, Inc. REIT		731		45,000
Assurant, Inc.		263		43,724
Federal Realty Investment Trust REIT		378		38,167
Globe Life, Inc.		425		34,969
Invesco Ltd.		2,276		34,049
Franklin Resources, Inc.		1,517		33,905
Total Financial				31,178,923
Consumer, Cyclical - 7.4%
Tesla, Inc.*		14,038		2,777,839
Costco Wholesale Corp.		2,244		1,907,378
Home Depot, Inc.		5,014		1,726,019
Walmart, Inc.		21,612		1,463,348
McDonald’s Corp.		3,646		929,147
Lowe’s Companies, Inc.		2,895		638,232
TJX Companies, Inc.		5,730		630,873
NIKE, Inc. — Class B		6,129		461,943
Starbucks Corp.		5,731		446,158
Chipotle Mexican Grill, Inc. — Class A*		6,948		435,292
Target Corp.		2,341		346,562
O’Reilly Automotive, Inc.*		298		314,706
Marriott International, Inc. — Class A		1,214		293,509
Hilton Worldwide Holdings, Inc.		1,265		276,023
PACCAR, Inc.		2,652		272,997
General Motors Co.		5,773		268,214
AutoZone, Inc.*		88		260,841
Ford Motor Co.		19,840		248,794
Ross Stores, Inc.		1,696		246,463
Copart, Inc.*		4,427		239,766
DR Horton, Inc.		1,500		211,395
WW Grainger, Inc.		221		199,395
Cummins, Inc.		692		191,635
Royal Caribbean Cruises Ltd.*		1,198		190,997
Yum! Brands, Inc.		1,425		188,755
Lennar Corp. — Class A		1,239		185,689

S&P 500® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 94.6% (continued)
Consumer, Cyclical - 7.4% (continued)
Fastenal Co.		2,897	$	182,047
Lululemon Athletica, Inc.*		580		173,246
Delta Air Lines, Inc.		3,265		154,892
Tractor Supply Co.		545		147,150
Dollar General Corp.		1,111		146,908
Deckers Outdoor Corp.*		130		125,833
NVR, Inc.*		16		121,417
PulteGroup, Inc.		1,064		117,146
Dollar Tree, Inc.*		1,048		111,895
Genuine Parts Co.		705		97,516
Aptiv plc*		1,376		96,898
Carnival Corp.*		5,111		95,678
Ulta Beauty, Inc.*		243		93,766
Darden Restaurants, Inc.		604		91,397
Domino’s Pizza, Inc.		176		90,874
Southwest Airlines Co.		3,028		86,631
Best Buy Company, Inc.		974		82,098
Las Vegas Sands Corp.		1,847		81,729
United Airlines Holdings, Inc.*		1,664		80,970
Live Nation Entertainment, Inc.*		721		67,587
Pool Corp.		194		59,622
CarMax, Inc.*		796		58,379
MGM Resorts International*		1,270		56,439
LKQ Corp.		1,350		56,147
Tapestry, Inc.		1,163		49,765
Bath & Body Works, Inc.		1,132		44,205
Walgreens Boots Alliance, Inc.		3,623		43,820
Caesars Entertainment, Inc.*		1,095		43,515
Wynn Resorts Ltd.		478		42,781
Norwegian Cruise Line Holdings Ltd.*		2,171		40,793
Hasbro, Inc.		662		38,727
American Airlines Group, Inc.*		3,319		37,604
BorgWarner, Inc.		1,153		37,173
Ralph Lauren Corp. — Class A		198		34,662
Total Consumer, Cyclical				18,241,280
Industrial - 6.7%
General Electric Co.		5,538		880,376
Caterpillar, Inc.		2,474		824,090
Honeywell International, Inc.		3,295		703,614
Union Pacific Corp.		3,087		698,465
RTX Corp.		6,727		675,323
Eaton Corporation plc		2,023		634,312
Boeing Co.*		2,920		531,469
United Parcel Service, Inc. — Class B		3,690		504,976
Lockheed Martin Corp.		1,080		504,468
Deere & Co.		1,310		489,455
Amphenol Corp. — Class A		6,077		409,407
Waste Management, Inc.		1,847		394,039
Trane Technologies plc		1,145		376,625
TransDigm Group, Inc.		283		361,564
FedEx Corp.		1,145		343,317
General Dynamics Corp.		1,150		333,661
CSX Corp.		9,891		330,854
Parker-Hannifin Corp.		650		328,776
Illinois Tool Works, Inc.		1,374		325,583
Emerson Electric Co.		2,895		318,913
Northrop Grumman Corp.		704		306,909
3M Co.		2,800		286,132
Carrier Global Corp.		4,240		267,459
Norfolk Southern Corp.		1,143		245,391
GE Vernova, Inc.*		1,387		237,884
TE Connectivity Ltd.		1,549		233,016
Johnson Controls International plc		3,408		226,530
L3Harris Technologies, Inc.		960		215,597
Republic Services, Inc. — Class A		1,036		201,336
Otis Worldwide Corp.		2,046		196,948
AMETEK, Inc.		1,171		195,217
Ingersoll Rand, Inc.		2,041		185,404
Martin Marietta Materials, Inc.		312		169,042
Xylem, Inc.		1,227		166,418
Vulcan Materials Co.		669		166,367
Old Dominion Freight Line, Inc.		901		159,116
Rockwell Automation, Inc.		577		158,837
Howmet Aerospace, Inc.		1,962		152,310
Mettler-Toledo International, Inc.*		108		150,940
Westinghouse Air Brake Technologies Corp.		892		140,981
Fortive Corp.		1,781		131,972
Garmin Ltd.		777		126,589
Dover Corp.		695		125,413
Keysight Technologies, Inc.*		883		120,750
Veralto Corp.		1,112		106,163
Axon Enterprise, Inc.*		359		105,632
Hubbell, Inc.		272		99,411
Ball Corp.		1,570		94,231
Teledyne Technologies, Inc.*		240		93,115
Expeditors International of Washington, Inc.		715		89,225
Jacobs Solutions, Inc.		634		88,576
Builders FirstSource, Inc.*		618		85,537
Textron, Inc.		965		82,855
Packaging Corporation of America		451		82,335
IDEX Corp.		383		77,060
Masco Corp.		1,114		74,270
Amcor plc		7,313		71,521
Snap-on, Inc.		267		69,791
Trimble, Inc.*		1,236		69,117
Jabil, Inc.		610		66,362
J.B. Hunt Transport Services, Inc.		412		65,920
Westrock Co.		1,306		65,640
Pentair plc		840		64,403
Nordson Corp.		275		63,783
Stanley Black & Decker, Inc.		779		62,234
Allegion plc		442		52,222
CH Robinson Worldwide, Inc.		592		52,167
A O Smith Corp.		611		49,968
Huntington Ingalls Industries, Inc.		200		49,266
Generac Holdings, Inc.*		307		40,592
Mohawk Industries, Inc.*		268		30,442
Total Industrial				16,487,683
Energy - 3.5%
Exxon Mobil Corp.		22,695		2,612,648
Chevron Corp.		8,672		1,356,474
ConocoPhillips		5,917		676,787

S&P 500® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 94.6% (continued)
Energy - 3.5% (continued)
EOG Resources, Inc.		2,908	$	366,030
Schlumberger N.V.		7,232		341,206
Marathon Petroleum Corp.		1,783		309,315
Phillips 66		2,145		302,810
Williams Companies, Inc.		6,166		262,055
Valero Energy Corp.		1,654		259,281
ONEOK, Inc.		2,953		240,817
Occidental Petroleum Corp.		3,364		212,033
Hess Corp.		1,398		206,233
Kinder Morgan, Inc.		9,769		194,110
Diamondback Energy, Inc.		902		180,571
Baker Hughes Co.		5,049		177,573
Devon Energy Corp.		3,198		151,585
Halliburton Co.		4,479		151,301
Targa Resources Corp.		1,122		144,491
First Solar, Inc.*		542		122,199
Coterra Energy, Inc. — Class A		3,765		100,413
Equities Corp.		2,234		82,613
Marathon Oil Corp.		2,854		81,824
Enphase Energy, Inc.*		688		68,601
APA Corp.		1,822		53,640
Total Energy				8,654,610
Utilities - 2.2%
NextEra Energy, Inc.		10,395		736,070
Southern Co.		5,532		429,117
Duke Energy Corp.		3,905		391,398
Constellation Energy Corp.		1,595		319,431
Sempra		3,202		243,544
American Electric Power Company, Inc.		2,667		234,003
Dominion Energy, Inc.		4,241		207,809
PG&E Corp.		10,812		188,778
Public Service Enterprise Group, Inc.		2,520		185,724
Exelon Corp.		5,060		175,127
Consolidated Edison, Inc.		1,750		156,485
Xcel Energy, Inc.		2,811		150,136
Vistra Corp.		1,652		142,039
Edison International		1,947		139,814
American Water Works Company, Inc.		986		127,352
WEC Energy Group, Inc.		1,598		125,379
DTE Energy Co.		1,047		116,227
Entergy Corp.		1,080		115,560
PPL Corp.		3,733		103,217
Eversource Energy		1,782		101,057
FirstEnergy Corp.		2,621		100,306
CenterPoint Energy, Inc.		3,237		100,282
Ameren Corp.		1,349		95,927
CMS Energy Corp.		1,511		89,950
Atmos Energy Corp.		763		89,004
NRG Energy, Inc.		1,055		82,142
Alliant Energy Corp.		1,297		66,017
NiSource, Inc.		2,268		65,341
AES Corp.		3,596		63,182
Evergy, Inc.		1,163		61,604
Pinnacle West Capital Corp.		575		43,919
Total Utilities				5,245,941
Basic Materials - 1.7%
Linde plc		2,432		1,067,186
Freeport-McMoRan, Inc.		7,268		353,225
Sherwin-Williams Co.		1,180		352,147
Ecolab, Inc.		1,286		306,068
Air Products and Chemicals, Inc.		1,125		290,306
Newmont Corp.		5,834		244,269
Nucor Corp.		1,213		191,751
Dow, Inc.		3,558		188,752
DuPont de Nemours, Inc.		2,115		170,236
PPG Industries, Inc.		1,191		149,935
LyondellBasell Industries N.V. — Class A		1,302		124,549
International Flavors & Fragrances, Inc.		1,292		123,011
Steel Dynamics, Inc.		747		96,737
International Paper Co.		1,757		75,815
CF Industries Holdings, Inc.		925		68,561
Celanese Corp. — Class A		508		68,524
Eastman Chemical Co.		595		58,292
Albemarle Corp.		595		56,835
Mosaic Co.		1,626		46,992
FMC Corp.		632		36,372
Total Basic Materials				4,069,563
Total Common Stocks
(Cost $153,973,236)				231,934,273
		Face Amount
FEDERAL AGENCY DISCOUNT NOTES†† - 2.0%
Federal Home Loan Bank
5.26% due 08/09/241	$	5,000,000		4,971,530
Total Federal Agency Discount Notes
(Cost $4,971,530)				4,971,530
U.S. TREASURY BILLS†† - 0.3%
U.S. Treasury Bills
5.23% due 09/12/241,2		700,000		692,565
Total U.S. Treasury Bills
(Cost $692,577)				692,565
REPURCHASE AGREEMENTS††,3 - 2.8%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/242		3,894,855		3,894,855
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/242		3,070,636		3,070,636
Total Repurchase Agreements
(Cost $6,965,491)				6,965,491
Total Investments - 99.7%
(Cost $166,602,834)			$	244,563,859
Other Assets & Liabilities, net - 0.3%				632,495
Total Net Assets - 100.0%			$	245,196,354

S&P 500® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

Futures Contracts

Description	Number of Contracts	Expiration Date	Notional Amount		Value and Unrealized Appreciation**
Equity Futures Contracts Purchased†
S&P 500 Index Mini Futures Contracts	8	Sep 2024	$	2,209,400	$	5,881

Total Return Swap Agreements

Counterparty

Index

Type

Financing Rate

Payment Frequency

Maturity Date

Units

Notional Amount

Value and Unrealized Appreciation (Depreciation)

OTC Equity Index Swap Agreements††

Barclays Bank plc

S&P 500 Index

Pay

5.94% (SOFR + 0.60%)

At Maturity

09/25/24

736

$

4,017,248

$

9,276

Goldman Sachs International

S&P 500 Index

Pay

5.83% (Federal Funds Rate + 0.50%)

At Maturity

09/26/24

1,141

6,231,896

3,366

BNP Paribas

S&P 500 Index

Pay

5.93% (Federal Funds Rate + 0.60%)

At Maturity

09/26/24

126

689,375

(1,117

)

$

10,938,519

$

11,525

*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Rate indicated is the effective yield at the time of purchase.
2	All or a portion of this security is pledged as equity index swap collateral at June 30, 2024.
3	Repurchase Agreements — See Note 4.

plc — Public Limited Company

REIT — Real Estate Investment Trust

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	231,934,273	$	—	$	—	$	231,934,273
Federal Agency Discount Notes		—		4,971,530		—		4,971,530
U.S. Treasury Bills		—		692,565		—		692,565
Repurchase Agreements		—		6,965,491		—		6,965,491
Equity Futures Contracts**		5,881		—		—		5,881
Equity Index Swap Agreements**		—		12,642		—		12,642
Total Assets	$	231,940,154	$	12,642,228	$	—	$	244,582,382

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Equity Index Swap Agreements**	$	—	$	1,117	$	—	$	1,117

** This derivative is reported as unrealized appreciation/depreciation at period end.

S&P 500® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.6%
Technology - 35.6%
NVIDIA Corp.		13,258	$	1,637,893
Monolithic Power Systems, Inc.		1,070		879,198
Crowdstrike Holdings, Inc. — Class A*		2,262		866,776
KLA Corp.		974		803,073
Advanced Micro Devices, Inc.*		4,044		655,977
Super Micro Computer, Inc.*		792		648,925
Applied Materials, Inc.		2,712		640,005
ServiceNow, Inc.*		716		563,255
Broadcom, Inc.		331		531,430
Lam Research Corp.		490		521,777
Intuit, Inc.		718		471,877
Cadence Design Systems, Inc.*		1,369		421,310
Oracle Corp.		2,884		407,221
Microsoft Corp.		882		394,210
Synopsys, Inc.*		590		351,085
Fortinet, Inc.*		5,756		346,914
Fair Isaac Corp.*		231		343,880
Adobe, Inc.*		600		333,324
Tyler Technologies, Inc.*		660		331,835
Salesforce, Inc.		1,251		321,632
Apple, Inc.		1,166		245,583
Gartner, Inc.*		532		238,900
Total Technology				11,956,080
Consumer, Cyclical - 23.0%
Royal Caribbean Cruises Ltd.*		5,781		921,665
PulteGroup, Inc.		5,722		629,992
Deckers Outdoor Corp.*		639		618,520
Marriott International, Inc. — Class A		2,512		607,326
Hilton Worldwide Holdings, Inc.		2,734		596,559
Live Nation Entertainment, Inc.*		6,182		579,501
Chipotle Mexican Grill, Inc. — Class A*		8,750		548,188
DR Horton, Inc.		3,798		535,252
Copart, Inc.*		9,109		493,343
NVR, Inc.*		60		455,314
Tesla, Inc.*		2,084		412,382
Norwegian Cruise Line Holdings Ltd.*		20,767		390,212
Wynn Resorts Ltd.		3,734		334,193
Ross Stores, Inc.		2,257		327,987
Lululemon Athletica, Inc.*		953		284,661
Total Consumer, Cyclical				7,735,095
Communications - 17.6%
Arista Networks, Inc.*		2,837		994,312
Uber Technologies, Inc.*		10,547		766,556
Booking Holdings, Inc.		192		760,608
Meta Platforms, Inc. — Class A		1,389		700,361
Palo Alto Networks, Inc.*		1,759		596,319
Amazon.com, Inc.*		2,358		455,683
Expedia Group, Inc.*		3,149		396,742
Netflix, Inc.*		575		388,056
Alphabet, Inc. — Class A		1,865		339,710
Alphabet, Inc. — Class C		1,573		288,520
GoDaddy, Inc. — Class A*		1,642		229,404
Total Communications				5,916,271
Energy - 6.1%
Targa Resources Corp.		5,622		724,001
Diamondback Energy, Inc.		2,809		562,334
APA Corp.		13,512		397,793
Hess Corp.		2,459		362,752
Total Energy				2,046,880
Industrial - 5.7%
Builders FirstSource, Inc.*		3,734		516,823
Axon Enterprise, Inc.*		1,484		436,652
Fortive Corp.		5,170		383,097
TransDigm Group, Inc.		238		304,071
Old Dominion Freight Line, Inc.		1,610		284,326
Total Industrial				1,924,969
Consumer, Non-cyclical - 4.5%
United Rentals, Inc.		796		514,797
Eli Lilly & Co.		454		411,043
Corpay, Inc.*		1,192		317,561
West Pharmaceutical Services, Inc.		837		275,699
Total Consumer, Non-cyclical				1,519,100
Financial - 3.9%
KKR & Company, Inc. — Class A		6,792		714,790
Arch Capital Group Ltd.*		5,794		584,557
Total Financial				1,299,347
Basic Materials - 1.6%
Celanese Corp. — Class A		3,916		528,229
Utilities - 1.6%
Vistra Corp.		6,105		524,908
Total Common Stocks
(Cost $26,591,626)				33,450,879
		Face Amount
REPURCHASE AGREEMENTS††,1 - 0.5%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	94,042		94,042
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		74,141		74,141
Total Repurchase Agreements
(Cost $168,183)				168,183
Total Investments - 100.1%
(Cost $26,759,809)			$	33,619,062
Other Assets & Liabilities, net - (0.1)%				(35,460	)
Total Net Assets - 100.0%			$	33,583,602

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Repurchase Agreements — See Note 4.

See Sector Classification in Other Information section.

S&P 500® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	33,450,879	$	—	$	—	$	33,450,879
Repurchase Agreements		—		168,183		—		168,183
Total Assets	$	33,450,879	$	168,183	$	—	$	33,619,062

S&P 500® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.2%
Financial - 31.2%
Berkshire Hathaway, Inc. — Class B*		831	$	338,051
Citigroup, Inc.		3,300		209,418
Citizens Financial Group, Inc.		4,718		169,989
Invesco Ltd.		10,657		159,429
Truist Financial Corp.		3,066		119,114
Capital One Financial Corp.		859		118,929
Synchrony Financial		2,396		113,067
Prudential Financial, Inc.		871		102,073
Bank of America Corp.		2,478		98,550
Wells Fargo & Co.		1,654		98,231
M&T Bank Corp.		644		97,476
Loews Corp.		1,294		96,714
American International Group, Inc.		1,267		94,062
Bank of New York Mellon Corp.		1,412		84,565
Huntington Bancshares, Inc.		5,887		77,591
Regions Financial Corp.		3,741		74,969
State Street Corp.		994		73,556
KeyCorp		5,070		72,045
Goldman Sachs Group, Inc.		156		70,562
Hartford Financial Services Group, Inc.		663		66,658
Franklin Resources, Inc.		2,895		64,703
MetLife, Inc.		870		61,065
Fifth Third Bancorp		1,520		55,465
Everest Group Ltd.		145		55,248
PNC Financial Services Group, Inc.		354		55,040
Assurant, Inc.		331		55,029
Allstate Corp.		314		50,133
Cincinnati Financial Corp.		414		48,893
Alexandria Real Estate Equities, Inc. REIT		410		47,957
Principal Financial Group, Inc.		600		47,070
Travelers Companies, Inc.		230		46,768
U.S. Bancorp		1,157		45,933
Total Financial				2,968,353
Consumer, Non-cyclical - 24.1%
Tyson Foods, Inc. — Class A		3,603		205,875
Viatris, Inc.		18,857		200,450
Bunge Global S.A.		1,785		190,584
Kroger Co.		3,326		166,067
CVS Health Corp.		2,728		161,116
McKesson Corp.		264		154,186
Centene Corp.*		2,291		151,893
Cencora, Inc. — Class A		582		131,125
Cigna Group		392		129,583
Cardinal Health, Inc.		1,071		105,301
Universal Health Services, Inc. — Class B		565		104,485
Archer-Daniels-Midland Co.		1,677		101,375
Kraft Heinz Co.		2,592		83,514
Molson Coors Beverage Co. — Class B		1,378		70,044
Elevance Health, Inc.		108		58,521
Conagra Brands, Inc.		1,835		52,151
Corteva, Inc.		925		49,895
Sysco Corp.		666		47,546
Henry Schein, Inc.*		677		43,396
Bio-Rad Laboratories, Inc. — Class A*		156		42,605
Humana, Inc.		100		37,365
Total Consumer, Non-cyclical				2,287,077
Consumer, Cyclical - 17.7%
General Motors Co.		8,808		409,220
Ford Motor Co.		21,143		265,133
United Airlines Holdings, Inc.*		4,558		221,792
CarMax, Inc.*		2,022		148,293
BorgWarner, Inc.		3,635		117,192
Walgreens Boots Alliance, Inc.		9,440		114,177
Best Buy Company, Inc.		1,345		113,370
American Airlines Group, Inc.*		9,074		102,809
Southwest Airlines Co.		3,417		97,760
Target Corp.		367		54,331
LKQ Corp.		1,001		41,632
Total Consumer, Cyclical				1,685,709
Communications - 5.8%
Paramount Global — Class B		16,817		174,729
Warner Bros Discovery, Inc.*		15,249		113,453
AT&T, Inc.		4,128		78,886
Verizon Communications, Inc.		1,404		57,901
Fox Corp. — Class A		1,358		46,674
News Corp. — Class A		1,502		41,410
Fox Corp. — Class B		726		23,246
News Corp. — Class B		433		12,293
Total Communications				548,592
Energy - 5.4%
Valero Energy Corp.		1,310		205,356
Phillips 66		1,119		157,969
Equities Corp.		1,456		53,843
Kinder Morgan, Inc.		2,461		48,900
Chevron Corp.		301		47,082
Total Energy				513,150
Industrial - 5.3%
Mohawk Industries, Inc.*		1,730		196,511
Westrock Co.		3,020		151,785
FedEx Corp.		189		56,670
Stanley Black & Decker, Inc.		630		50,331
CH Robinson Worldwide, Inc.		518		45,646
Total Industrial				500,943
Basic Materials - 4.9%
International Paper Co.		2,685		115,858
Mosaic Co.		3,040		87,856
International Flavors & Fragrances, Inc.		752		71,598
Dow, Inc.		1,059		56,180
Eastman Chemical Co.		529		51,826
LyondellBasell Industries N.V. — Class A		516		49,360
Albemarle Corp.		373		35,629
Total Basic Materials				468,307
Utilities - 2.8%
NRG Energy, Inc.		1,588		123,642
Evergy, Inc.		968		51,275
Pinnacle West Capital Corp.		637		48,654
Eversource Energy		793		44,971
Total Utilities				268,542
Technology - 2.0%
Hewlett Packard Enterprise Co.		6,914		146,369

S&P 500® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.2% (continued)
Technology - 2.0% (continued)
HP, Inc.		1,297	$	45,421
Total Technology				191,790
Total Common Stocks
(Cost $8,032,628)				9,432,463
		Face Amount
REPURCHASE AGREEMENTS††,1 - 0.9%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	49,666		49,666
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		39,155		39,155
Total Repurchase Agreements
(Cost $88,821)				88,821
Total Investments - 100.1%
(Cost $8,121,449)			$	9,521,284
Other Assets & Liabilities, net - (0.1)%				(8,814	)
Total Net Assets - 100.0%			$	9,512,470

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Repurchase Agreements — See Note 4.

REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	9,432,463	$	—	$	—	$	9,432,463
Repurchase Agreements		—		88,821		—		88,821
Total Assets	$	9,432,463	$	88,821	$	—	$	9,521,284

S&P MidCap 400® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.6%
Industrial - 25.5%
Comfort Systems USA, Inc.		2,186	$	664,806
TopBuild Corp.*		1,675		645,327
AAON, Inc.		6,808		593,930
EMCOR Group, Inc.		1,473		537,763
Owens Corning		3,007		522,376
Clean Harbors, Inc.*		2,232		504,767
nVent Electric plc		5,495		420,972
Simpson Manufacturing Company, Inc.		2,442		411,550
Eagle Materials, Inc.		1,819		395,560
Saia, Inc.*		786		372,792
Lennox International, Inc.		678		362,716
Universal Display Corp.		1,689		355,112
UFP Industries, Inc.		2,953		330,736
Chart Industries, Inc.*		2,185		315,383
Esab Corp.		3,101		292,828
Applied Industrial Technologies, Inc.		1,463		283,822
Advanced Drainage Systems, Inc.		1,677		268,974
Trex Company, Inc.*		3,558		263,719
Crane Co.		1,790		259,514
RBC Bearings, Inc.*		923		249,007
Lincoln Electric Holdings, Inc.		1,296		244,477
Vontier Corp.		6,166		235,541
NEXTracker, Inc. — Class A*		4,537		212,695
Total Industrial				8,744,367
Consumer, Cyclical - 19.6%
Wingstop, Inc.		1,678		709,223
Murphy USA, Inc.		1,229		576,966
Toll Brothers, Inc.		4,995		575,324
Hyatt Hotels Corp. — Class A		3,732		566,966
Churchill Downs, Inc.		3,077		429,549
Crocs, Inc.*		2,761		402,940
Texas Roadhouse, Inc. — Class A		2,345		402,660
Casey’s General Stores, Inc.		982		374,692
Williams-Sonoma, Inc.		1,303		367,928
Skechers USA, Inc. — Class A*		5,316		367,442
Floor & Decor Holdings, Inc. — Class A*		3,188		316,919
Tempur Sealy International, Inc.		6,427		304,254
Watsco, Inc.		605		280,260
Light & Wonder, Inc. — Class A*		2,554		267,864
Planet Fitness, Inc. — Class A*		3,464		254,916
FirstCash Holdings, Inc.		1,968		206,404
Boyd Gaming Corp.		2,854		157,255
Five Below, Inc.*		1,384		150,815
Total Consumer, Cyclical				6,712,377
Consumer, Non-cyclical - 17.8%
elf Beauty, Inc.*		4,040		851,309
Medpace Holdings, Inc.*		1,612		663,902
Celsius Holdings, Inc.*		10,849		619,369
Lantheus Holdings, Inc.*		6,036		484,630
Valvoline, Inc.*		9,727		420,206
Coca-Cola Consolidated, Inc.		308		334,180
Grand Canyon Education, Inc.*		2,162		302,485
RB Global, Inc.		3,900		297,804
Exelixis, Inc.*		12,769		286,920
Arrowhead Pharmaceuticals, Inc.*		9,877		256,703
Brink’s Co.		2,334		239,002
Halozyme Therapeutics, Inc.*		4,239		221,954
Acadia Healthcare Company, Inc.*		3,271		220,923
Progyny, Inc.*		7,626		218,180
Penumbra, Inc.*		983		176,911
FTI Consulting, Inc.*		799		172,209
Coty, Inc. — Class A*		16,890		169,238
Avis Budget Group, Inc.		1,573		164,410
Total Consumer, Non-cyclical				6,100,335
Energy - 15.8%
CNX Resources Corp.*		33,868		822,992
Weatherford International plc*		6,048		740,578
Southwestern Energy Co.*		108,846		732,533
Permian Resources Corp.		40,024		646,388
Valaris Ltd.*		6,722		500,789
Range Resources Corp.		13,258		444,541
Chord Energy Corp.		2,603		436,471
Ovintiv, Inc.		9,173		429,938
Civitas Resources, Inc.		5,355		369,495
Matador Resources Co.		5,123		305,331
Total Energy				5,429,056
Technology - 12.3%
Duolingo, Inc.*		3,670		765,819
Appfolio, Inc. — Class A*		2,569		628,300
Onto Innovation, Inc.*		2,447		537,263
Rambus, Inc.*		7,669		450,631
Dynatrace, Inc.*		8,745		391,251
Pure Storage, Inc. — Class A*		5,808		372,932
Manhattan Associates, Inc.*		1,366		336,965
Altair Engineering, Inc. — Class A*		3,035		297,673
Qualys, Inc.*		1,831		261,100
Dropbox, Inc. — Class A*		7,749		174,120
Total Technology				4,216,054
Financial - 5.5%
Ryan Specialty Holdings, Inc.		11,366		658,205
Kinsale Capital Group, Inc.		1,218		469,271
Park Hotels & Resorts, Inc. REIT		29,873		447,498
Primerica, Inc.		1,260		298,091
Total Financial				1,873,065
Basic Materials - 3.1%
Reliance, Inc.		1,427		407,551
Westlake Corp.		2,315		335,259
NewMarket Corp.		604		311,404
Total Basic Materials				1,054,214
Total Common Stocks
(Cost $26,947,466)				34,129,468

S&P MidCap 400® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Face Amount		Value
REPURCHASE AGREEMENTS††,1 - 0.6%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	113,977	$	113,977
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		89,857		89,857
Total Repurchase Agreements
(Cost $203,834)			$	203,834
Total Investments - 100.2%
(Cost $27,151,300)			$	34,333,302
Other Assets & Liabilities, net - (0.2)%				(81,698	)
Total Net Assets - 100.0%			$	34,251,604

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Repurchase Agreements — See Note 4.

plc — Public Limited Company

REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	34,129,468	$	—	$	—	$	34,129,468
Repurchase Agreements		—		203,834		—		203,834
Total Assets	$	34,129,468	$	203,834	$	—	$	34,333,302

S&P MidCap 400® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.8%
Consumer, Cyclical - 26.0%
Macy’s, Inc.		9,891	$	189,907
Nordstrom, Inc.		6,388		135,553
Lithia Motors, Inc. — Class A		531		134,051
Goodyear Tire & Rubber Co.*		11,341		128,720
AutoNation, Inc.*		796		126,867
Taylor Morrison Home Corp. — Class A*		1,835		101,732
Adient plc*		4,024		99,433
WESCO International, Inc.		625		99,075
Aramark		2,839		96,583
Lear Corp.		690		78,805
Penske Automotive Group, Inc.		527		78,534
PVH Corp.		735		77,814
Whirlpool Corp.		748		76,446
Thor Industries, Inc.		688		64,294
Harley-Davidson, Inc.		1,774		59,500
Marriott Vacations Worldwide Corp.		636		55,535
Gap, Inc.		2,243		53,585
BJ’s Wholesale Club Holdings, Inc.*		539		47,346
Under Armour, Inc. — Class C*		3,424		22,359
Under Armour, Inc. — Class A*		3,310		22,078
Total Consumer, Cyclical				1,748,217
Financial - 22.3%
Jones Lang LaSalle, Inc.*		641		131,584
Unum Group		2,075		106,053
Ally Financial, Inc.		2,542		100,841
Jefferies Financial Group, Inc.		1,716		85,388
Reinsurance Group of America, Inc. — Class A		409		83,956
Kemper Corp.		1,398		82,943
Associated Banc-Corp.		3,916		82,824
Cousins Properties, Inc. REIT		2,950		68,292
FNB Corp.		4,977		68,085
Zions Bancorp North America		1,471		63,797
First Horizon Corp.		3,770		59,453
Kilroy Realty Corp. REIT		1,869		58,257
Old National Bancorp		3,010		51,742
Independence Realty Trust, Inc. REIT		2,692		50,448
Janus Henderson Group plc		1,487		50,127
Valley National Bancorp		7,148		49,893
Texas Capital Bancshares, Inc.*		759		46,405
Prosperity Bancshares, Inc.		742		45,366
Healthcare Realty Trust, Inc. REIT		2,647		43,623
CNO Financial Group, Inc.		1,396		38,697
Old Republic International Corp.		1,236		38,192
Webster Financial Corp.		835		36,398
First American Financial Corp.		591		31,885
New York Community Bancorp, Inc.		8,615		27,740
Total Financial				1,501,989
Industrial - 17.9%
Avnet, Inc.		3,626		186,703
TD SYNNEX Corp.		1,532		176,793
MasTec, Inc.*		1,400		149,786
Arrow Electronics, Inc.*		1,227		148,172
Ryder System, Inc.		777		96,255
MDU Resources Group, Inc.		3,728		93,573
Fluor Corp.*		1,662		72,380
Coherent Corp.*		840		60,866
Greif, Inc. — Class A		745		42,815
Oshkosh Corp.		384		41,549
Vishay Intertechnology, Inc.		1,633		36,416
AGCO Corp.		363		35,531
Berry Global Group, Inc.		540		31,779
Knight-Swift Transportation Holdings, Inc.		631		31,499
Total Industrial				1,204,117
Consumer, Non-cyclical - 13.6%
Tenet Healthcare Corp.*		1,023		136,089
US Foods Holding Corp.*		2,328		123,337
ManpowerGroup, Inc.		1,666		116,287
Pilgrim’s Pride Corp.*		2,885		111,044
Performance Food Group Co.*		1,610		106,437
Graham Holdings Co. — Class B		150		104,932
Perrigo Company plc		2,304		59,167
Post Holdings, Inc.*		561		58,434
Enovis Corp.*		1,012		45,742
Envista Holdings Corp.*		1,968		32,728
QuidelOrtho Corp.*		730		24,251
Total Consumer, Non-cyclical				918,448
Energy - 7.2%
PBF Energy, Inc. — Class A		4,272		196,598
HF Sinclair Corp.		2,689		143,431
Antero Resources Corp.*		1,726		56,319
Chesapeake Energy Corp.1		606		49,807
NOV, Inc.		1,931		36,708
Total Energy				482,863
Basic Materials - 6.7%
United States Steel Corp.		4,025		152,145
Alcoa Corp.		3,206		127,534
Cleveland-Cliffs, Inc.*		5,954		91,632
Commercial Metals Co.		1,434		78,856
Total Basic Materials				450,167
Utilities - 2.5%
UGI Corp.		2,260		51,754
Southwest Gas Holdings, Inc.		622		43,777
Black Hills Corp.		698		37,957
Spire, Inc.		529		32,126
Total Utilities				165,614
Technology - 1.9%
Kyndryl Holdings, Inc.*		3,728		98,084
Concentrix Corp.		425		26,894
Total Technology				124,978
Communications - 1.7%
Frontier Communications Parent, Inc.*		2,621		68,618
TEGNA, Inc.		3,401		47,410
Total Communications				116,028
Total Common Stocks
(Cost $5,796,506)				6,712,421

S&P MidCap 400® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Face Amount		Value
REPURCHASE AGREEMENTS††,2 - 0.3%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	11,005	$	11,005
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		8,676		8,676
Total Repurchase Agreements
(Cost $19,681)				19,681
		Shares
SECURITIES LENDING COLLATERAL†,3 - 0.6%
Money Market Fund**
First American Government Obligations Fund - Class X, 5.23%4		38,136		38,136
Total Securities Lending Collateral
(Cost $38,136)				38,136
Total Investments - 100.7%
(Cost $5,854,323)			$	6,770,238
Other Assets & Liabilities, net - (0.7)%				(45,811	)
Total Net Assets - 100.0%			$	6,724,427

*	Non-income producing security.
**	A copy of each underlying unaffiliated fund’s financial statements is available at the SEC’s website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Repurchase Agreements — See Note 4.
3	Securities lending collateral — See Note 5.
4	Rate indicated is the 7-day yield as of June 30, 2024.

plc — Public Limited Company

REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	6,712,421	$	—	$	—	$	6,712,421
Repurchase Agreements		—		19,681		—		19,681
Securities Lending Collateral		38,136		—		—		38,136
Total Assets	$	6,750,557	$	19,681	$	—	$	6,770,238

S&P SmallCap 600® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.2%
Consumer, Cyclical - 20.6%
Abercrombie & Fitch Co. — Class A*		357	$	63,489
Cinemark Holdings, Inc.*		2,364		51,110
Boot Barn Holdings, Inc.*		381		49,122
Green Brick Partners, Inc.*		808		46,250
Group 1 Automotive, Inc.		146		43,403
Six Flags Entertainment Corp.		1,266		41,955
Installed Building Products, Inc.		200		41,136
Patrick Industries, Inc.		348		37,775
Cavco Industries, Inc.*		108		37,386
Shake Shack, Inc. — Class A*		374		33,660
GMS, Inc.*		398		32,083
Meritage Homes Corp.		183		29,619
Urban Outfitters, Inc.*		719		29,515
M/I Homes, Inc.*		239		29,191
Signet Jewelers Ltd.		272		24,366
Dave & Buster’s Entertainment, Inc.*		602		23,965
Guess?, Inc.1		1,067		21,767
Oxford Industries, Inc.		201		20,130
Monarch Casino & Resort, Inc.		267		18,191
American Eagle Outfitters, Inc.		831		16,587
Steven Madden Ltd.		390		16,497
Madison Square Garden Sports Corp. — Class A*		73		13,733
Kontoor Brands, Inc.		204		13,495
XPEL, Inc.*		293		10,419
Jack in the Box, Inc.		134		6,826
Total Consumer, Cyclical				751,670
Financial - 18.3%
Two Harbors Investment Corp. REIT		4,159		54,940
SiriusPoint Ltd.*		3,773		46,031
St. Joe Co.		748		40,916
Marathon Digital Holdings, Inc.*		1,752		34,777
Ambac Financial Group, Inc.*		2,680		34,358
Redwood Trust, Inc. REIT		4,911		31,872
HCI Group, Inc.		329		30,324
Customers Bancorp, Inc.*		625		29,988
First BanCorp		1,627		29,758
Bancorp, Inc.*		744		28,093
Pathward Financial, Inc.		492		27,832
Palomar Holdings, Inc.*		340		27,591
Sunstone Hotel Investors, Inc. REIT		2,591		27,102
Goosehead Insurance, Inc. — Class A*		453		26,020
OFG Bancorp		657		24,605
WisdomTree, Inc.		2,347		23,259
DiamondRock Hospitality Co. REIT		2,750		23,238
Ellington Financial, Inc. REIT		1,887		22,795
Preferred Bank/Los Angeles CA		278		20,986
eXp World Holdings, Inc.		1,853		20,911
World Acceptance Corp.*		150		18,537
Triumph Financial, Inc.*		216		17,658
New York Mortgage Trust, Inc. REIT		2,331		13,613
Apple Hospitality REIT, Inc.		917		13,333
Total Financial				668,537
Consumer, Non-cyclical - 16.3%
UFP Technologies, Inc.*		215		56,732
PROG Holdings, Inc.		1,516		52,575
Inter Parfums, Inc.		309		35,853
Vericel Corp.*		676		31,015
Cal-Maine Foods, Inc.		502		30,677
Viad Corp.*		881		29,954
Adtalem Global Education, Inc.*		432		29,467
Stride, Inc.*		415		29,257
ANI Pharmaceuticals, Inc.*		412		26,236
Collegium Pharmaceutical, Inc.*		772		24,859
RadNet, Inc.*		421		24,805
CorVel Corp.*		90		22,884
Glaukos Corp.*		186		22,013
LiveRamp Holdings, Inc.*		709		21,936
Catalyst Pharmaceuticals, Inc.*		1,413		21,887
Dynavax Technologies Corp.*		1,932		21,696
Amphastar Pharmaceuticals, Inc.*		526		21,040
Arlo Technologies, Inc.*		1,466		19,117
Integer Holdings Corp.*		138		15,979
Astrana Health, Inc.*		374		15,170
Ensign Group, Inc.		115		14,225
WD-40 Co.		52		11,421
NeoGenomics, Inc.*		710		9,848
CONMED Corp.		98		6,794
Ligand Pharmaceuticals, Inc.*,††		214		–
Total Consumer, Non-cyclical				595,440
Industrial - 16.3%
Encore Wire Corp.		200		57,966
Dorian LPG Ltd.		992		41,624
Matson, Inc.		305		39,946
Fabrinet*		138		33,781
ArcBest Corp.		292		31,268
AZZ, Inc.		403		31,132
Powell Industries, Inc.		199		28,537
AeroVironment, Inc.*		143		26,049
Mueller Industries, Inc.		456		25,964
Federal Signal Corp.		288		24,097
Badger Meter, Inc.		128		23,853
Gibraltar Industries, Inc.*		345		23,650
Materion Corp.		211		22,815
Boise Cascade Co.		182		21,698
MYR Group, Inc.*		154		20,900
SPX Technologies, Inc.*		134		19,047
Moog, Inc. — Class A		113		18,905
Frontdoor, Inc.*		494		16,692
Franklin Electric Company, Inc.		164		15,796
Standex International Corp.		94		15,148
Tennant Co.		150		14,766
OSI Systems, Inc.*		100		13,752
Armstrong World Industries, Inc.		119		13,475
Alamo Group, Inc.		71		12,283
Total Industrial				593,144
Energy - 13.1%
Warrior Met Coal, Inc.		748		46,952
Northern Oil and Gas, Inc.		1,217		45,236
Alpha Metallurgical Resources, Inc.		159		44,604
CONSOL Energy, Inc.*		418		42,649
Liberty Energy, Inc. — Class A		1,840		38,438

S&P SmallCap 600® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.2% (continued)
Energy - 13.1% (continued)
Tidewater, Inc.*		369	$	35,132
REX American Resources Corp.*		698		31,822
Helix Energy Solutions Group, Inc.*		2,645		31,581
Par Pacific Holdings, Inc.*		1,167		29,467
California Resources Corp.		530		28,206
Oceaneering International, Inc.*		1,040		24,606
Magnolia Oil & Gas Corp. — Class A		927		23,490
SM Energy Co.		494		21,356
RPC, Inc.		2,903		18,144
Archrock, Inc.		771		15,590
Total Energy				477,273
Technology - 6.3%
Axcelis Technologies, Inc.*		339		48,203
Verra Mobility Corp.*		1,502		40,854
Veeco Instruments, Inc.*		789		36,854
SPS Commerce, Inc.*		125		23,520
Agilysys, Inc.*		184		19,162
DoubleVerify Holdings, Inc.*		830		16,160
PDF Solutions, Inc.*		357		12,988
Donnelley Financial Solutions, Inc.*		198		11,805
Progress Software Corp.		197		10,689
Privia Health Group, Inc.*		488		8,481
Total Technology				228,716
Communications - 4.8%
Cargurus, Inc.*		1,436		37,623
InterDigital, Inc.		284		33,103
Cars.com, Inc.*		1,531		30,161
TripAdvisor, Inc.*		1,214		21,621
Yelp, Inc. — Class A*		542		20,027
Liquidity Services, Inc.*		985		19,680
Cogent Communications Holdings, Inc.		252		14,223
Total Communications				176,438
Basic Materials - 2.8%
Hawkins, Inc.		496		45,136
Carpenter Technology Corp.		299		32,764
ATI, Inc.*		458		25,396
Total Basic Materials				103,296
Utilities - 0.7%
Otter Tail Corp.		302		26,452
Total Common Stocks
(Cost $2,868,212)				3,620,966
		Face Amount
REPURCHASE AGREEMENTS††,2 - 0.8%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	16,952		16,952
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		13,365		13,365
Total Repurchase Agreements
(Cost $30,317)				30,317
		Shares
SECURITIES LENDING COLLATERAL†,3 - 0.5%
Money Market Fund
First American Government Obligations Fund - Class X, 5.23%4		16,600		16,600
Total Securities Lending Collateral
(Cost $16,600)				16,600
Total Investments - 100.5%
(Cost $2,915,129)			$	3,667,883
Other Assets & Liabilities, net - (0.5)%				(18,870	)
Total Net Assets - 100.0%			$	3,649,013

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Repurchase Agreements — See Note 4.
3	Securities lending collateral — See Note 5.
4	Rate indicated is the 7-day yield as of June 30, 2024.

REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs			Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	3,620,966	$	—	*	$	—	$	3,620,966
Repurchase Agreements		—		30,317			—		30,317
Securities Lending Collateral		16,600		—			—		16,600
Total Assets	$	3,637,566	$	30,317		$	—	$	3,667,883

* Security has a market value of $0.

S&P SmallCap 600® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.4%
Consumer, Cyclical - 27.3%
JetBlue Airways Corp.*		13,243	$	80,650
Phinia, Inc.		2,048		80,609
ScanSource, Inc.*		1,446		64,072
MarineMax, Inc.*		1,807		58,493
Foot Locker, Inc.		2,238		55,771
Kohl’s Corp.		2,371		54,509
Topgolf Callaway Brands Corp.*		3,532		54,040
Advance Auto Parts, Inc.		806		51,044
Resideo Technologies, Inc.*		2,005		39,218
Sally Beauty Holdings, Inc.*		3,353		35,978
Dana, Inc.		2,875		34,845
American Axle & Manufacturing Holdings, Inc.*		4,974		34,768
ODP Corp.*		834		32,751
Sonic Automotive, Inc. — Class A		598		32,573
Caleres, Inc.		954		32,054
Penn Entertainment, Inc.*		1,654		32,013
Designer Brands, Inc. — Class A		4,668		31,883
Hibbett, Inc.		342		29,826
Shoe Carnival, Inc.		769		28,368
Alaska Air Group, Inc.*		668		26,987
G-III Apparel Group Ltd.*		963		26,068
Wolverine World Wide, Inc.		1,855		25,080
Allegiant Travel Co. — Class A		426		21,398
Newell Brands, Inc.		3,311		21,224
Interface, Inc. — Class A		1,443		21,183
Vista Outdoor, Inc.*		539		20,293
Wabash National Corp.		821		17,931
MillerKnoll, Inc.		653		17,298
Hanesbrands, Inc.*		3,415		16,836
Victoria’s Secret & Co.*		916		16,186
Nu Skin Enterprises, Inc. — Class A		1,477		15,568
PriceSmart, Inc.		186		15,103
VF Corp.		1,041		14,053
Standard Motor Products, Inc.		472		13,089
Leggett & Platt, Inc.		1,128		12,927
Haverty Furniture Companies, Inc.		387		9,787
Titan International, Inc.*		1,212		8,981
Total Consumer, Cyclical				1,183,457
Financial - 22.8%
Bread Financial Holdings, Inc.		1,650		73,524
EZCORP, Inc. — Class A*		5,632		58,967
Jackson Financial, Inc. — Class A		790		58,665
Genworth Financial, Inc. — Class A*		9,281		56,057
StoneX Group, Inc.*		643		48,424
Cushman & Wakefield plc*		4,497		46,769
Medical Properties Trust, Inc. REIT1		7,938		34,213
United Fire Group, Inc.		1,536		33,009
ProAssurance Corp.*		2,441		29,829
Stewart Information Services Corp.		468		29,054
Pebblebrook Hotel Trust REIT		2,062		28,352
PRA Group, Inc.*		1,363		26,797
Hope Bancorp, Inc.		2,339		25,121
Brandywine Realty Trust REIT		5,390		24,147
Simmons First National Corp. — Class A		1,251		21,992
Lincoln National Corp.		705		21,926
SL Green Realty Corp. REIT1		385		21,806
JBG SMITH Properties REIT		1,421		21,642
Mercury General Corp.		395		20,990
Hudson Pacific Properties, Inc. REIT		4,194		20,173
Comerica, Inc.		361		18,425
Eagle Bancorp, Inc.		948		17,917
Navient Corp.		1,207		17,574
Banc of California, Inc.		1,358		17,355
Safehold, Inc. REIT		872		16,821
Veritex Holdings, Inc.		774		16,324
Independent Bank Group, Inc.		355		16,160
Renasant Corp.		528		16,125
Encore Capital Group, Inc.*		379		15,816
Virtu Financial, Inc. — Class A		641		14,390
Dime Community Bancshares, Inc.		705		14,382
Provident Financial Services, Inc.		970		13,920
Hanmi Financial Corp.		822		13,744
Ready Capital Corp. REIT		1,614		13,203
BankUnited, Inc.		437		12,791
Service Properties Trust REIT		2,487		12,783
Heritage Financial Corp.		699		12,603
Pacific Premier Bancorp, Inc.		517		11,875
Brookline Bancorp, Inc.		1,413		11,799
Total Financial				985,464
Consumer, Non-cyclical - 19.4%
Green Dot Corp. — Class A*		7,262		68,626
Kelly Services, Inc. — Class A		3,154		67,527
Fresh Del Monte Produce, Inc.		2,907		63,518
Hertz Global Holdings, Inc.*,1		17,404		61,436
United Natural Foods, Inc.*		4,396		57,587
AdaptHealth Corp.*		4,409		44,090
GEO Group, Inc.*		2,885		41,429
SpartanNash Co.		2,068		38,796
Chefs’ Warehouse, Inc.*		991		38,758
Pediatrix Medical Group, Inc.*		4,723		35,659
ABM Industries, Inc.		682		34,489
B&G Foods, Inc.		3,985		32,199
Deluxe Corp.		1,427		32,050
Phibro Animal Health Corp. — Class A		1,376		23,075
Enhabit, Inc.*		2,465		21,988
Universal Corp.		452		21,782
Cross Country Healthcare, Inc.*		1,514		20,954
Heidrick & Struggles International, Inc.		661		20,874
Owens & Minor, Inc.*		1,468		19,818
Select Medical Holdings Corp.		543		19,037
Healthcare Services Group, Inc.*		1,589		16,812
Patterson Companies, Inc.		641		15,461
Avanos Medical, Inc.*		659		13,127
TreeHouse Foods, Inc.*		300		10,992
Fulgent Genetics, Inc.*		551		10,811
Hain Celestial Group, Inc.*		1,490		10,296
Total Consumer, Non-cyclical				841,191

S&P SmallCap 600® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.4% (continued)
Industrial - 12.5%
World Kinect Corp.		3,095	$	79,851
Benchmark Electronics, Inc.		1,853		73,119
Clearwater Paper Corp.*		1,375		66,646
Enviri Corp.*		7,063		60,954
Greenbrier Companies, Inc.		1,142		56,586
DXP Enterprises, Inc.*		1,053		48,270
Sanmina Corp.*		698		46,243
O-I Glass, Inc.*		2,371		26,389
TTM Technologies, Inc.*		1,152		22,383
Astec Industries, Inc.		553		16,402
Hub Group, Inc. — Class A		364		15,670
Werner Enterprises, Inc.		408		14,619
Masterbrand, Inc.*		865		12,698
Total Industrial				539,830
Technology - 5.1%
NCR Atleos Corp.*		2,366		63,929
Xerox Holdings Corp.		4,303		50,001
Alpha & Omega Semiconductor Ltd.*		1,022		38,192
NCR Voyix Corp.*		2,781		34,345
DXC Technology Co.*		967		18,460
NetScout Systems, Inc.*		822		15,035
Total Technology				219,962
Energy - 4.7%
US Silica Holdings, Inc.*		2,146		33,156
SunCoke Energy, Inc.		3,100		30,380
Sunrun, Inc.*		2,450		29,057
DNOW, Inc.*		2,065		28,352
Bristow Group, Inc.*		785		26,321
Nabors Industries Ltd.*		298		21,206
ProPetro Holding Corp.*		2,350		20,374
Talos Energy, Inc.*		1,114		13,535
Total Energy				202,381
Basic Materials - 4.1%
Kaiser Aluminum Corp.		522		45,884
Mercer International, Inc.		4,386		37,457
Mativ Holdings, Inc.		2,085		35,362
Century Aluminum Co.*		2,082		34,873
AdvanSix, Inc.		1,080		24,753
Total Basic Materials				178,329
Communications - 3.5%
EchoStar Corp. — Class A*		4,216		75,087
AMC Networks, Inc. — Class A*		3,578		34,563
Viasat, Inc.*		1,229		15,608
Lumen Technologies, Inc.*		11,715		12,887
Consolidated Communications Holdings, Inc.*		2,733		12,025
Total Communications				150,170
Total Common Stocks
(Cost $3,697,303)				4,300,784
	Face Amount
REPURCHASE AGREEMENTS††,2 - 0.4%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	8,834		8,834
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		6,964		6,964
Total Repurchase Agreements
(Cost $15,798)				15,798
		Shares
SECURITIES LENDING COLLATERAL†,3 - 2.2%
Money Market Fund***
First American Government Obligations Fund - Class X, 5.23%4		95,879		95,879
Total Securities Lending Collateral
(Cost $95,879)				95,879
Total Investments - 102.0%
(Cost $3,808,980)			$	4,412,461
Other Assets & Liabilities, net - (2.0)%				(87,584	)
Total Net Assets - 100.0%			$	4,324,877

*	Non-income producing security.
***	A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Repurchase Agreements — See Note 4.
3	Securities lending collateral — See Note 5.
4	Rate indicated is the 7-day yield as of June 30, 2024.

plc — Public Limited Company

REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

S&P SmallCap 600® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	4,300,784	$	—	$	—	$	4,300,784
Repurchase Agreements		—		15,798		—		15,798
Securities Lending Collateral		95,879		—		—		95,879
Total Assets	$	4,396,663	$	15,798	$	—	$	4,412,461

Strengthening Dollar 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Face Amount		Value
U.S. TREASURY BILLS†† - 2.2%
U.S. Treasury Bills
5.18% due 07/09/241,2	$	58,000	$	57,932
Total U.S. Treasury Bills
(Cost $57,932)				57,932
REPURCHASE AGREEMENTS††,3 - 97.3%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/244		1,446,387		1,446,387
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/244		1,140,306		1,140,306
Total Repurchase Agreements
(Cost $2,586,693)				2,586,693
Total Investments - 99.5%
(Cost $2,644,625)			$	2,644,625
Other Assets & Liabilities, net - 0.5%				12,949
Total Net Assets - 100.0%			$	2,657,574

Futures Contracts

Description	Number of Contracts	Expiration Date	Notional Amount		Value and Unrealized Appreciation**
Currency Futures Contracts Purchased†
U.S. Dollar Index Futures Contracts	46	Sep 2024	$	4,855,300	$	32,242

Total Return Swap Agreements

Counterparty	Index	Type	Financing Rate	Payment Frequency	Maturity Date	Units		Notional Amount		Value and Unrealized Appreciation
OTC Currency Index Swap Agreements††
Goldman Sachs International	U.S. Dollar Index	Receive	N/A	At Maturity	09/24/24		4,059	$	428,163	$	2,663

**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is pledged as futures collateral at June 30, 2024.
2	Rate indicated is the effective yield at the time of purchase.
3	Repurchase Agreements — See Note 4.
4	All or a portion of this security is pledged as currency index swap collateral at June 30, 2024.

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
U.S. Treasury Bills	$	—	$	57,932	$	—	$	57,932
Repurchase Agreements		—		2,586,693		—		2,586,693
Currency Futures Contracts**		32,242		—		—		32,242
Currency Index Swap Agreements**		—		2,663		—		2,663
Total Assets	$	32,242	$	2,647,288	$	—	$	2,679,530

** This derivative is reported as unrealized appreciation/depreciation at period end.

Technology Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.6%
Software - 31.0%
Microsoft Corp.		9,303	$	4,157,976
Adobe, Inc.*		2,253		1,251,632
Salesforce, Inc.		4,641		1,193,201
Oracle Corp.		7,629		1,077,215
Intuit, Inc.		1,540		1,012,103
ServiceNow, Inc.*		1,208		950,297
Synopsys, Inc.*		1,151		684,914
Cadence Design Systems, Inc.*		2,147		660,739
Workday, Inc. — Class A*		2,557		571,643
Roper Technologies, Inc.		1,010		569,297
Autodesk, Inc.*		2,232		552,308
Palantir Technologies, Inc. — Class A*		21,777		551,611
Atlassian Corp. — Class A*		3,087		546,029
Snowflake, Inc. — Class A*		3,489		471,329
Datadog, Inc. — Class A*		3,631		470,904
Electronic Arts, Inc.		3,172		441,955
NetEase, Inc. ADR		4,295		410,516
Cloudflare, Inc. — Class A*		4,725		391,372
ANSYS, Inc.*		1,173		377,119
Monday.com Ltd.*		1,519		365,714
HubSpot, Inc.*		615		362,721
Take-Two Interactive Software, Inc.*		2,317		360,270
AppLovin Corp. — Class A*		4,026		335,044
PTC, Inc.*		1,837		333,728
ROBLOX Corp. — Class A*		8,843		329,048
MongoDB, Inc.*		1,300		324,948
Zoom Video Communications, Inc. — Class A*		5,036		298,081
Manhattan Associates, Inc.*		1,180		291,082
Nutanix, Inc. — Class A*		4,909		279,077
Akamai Technologies, Inc.*		2,974		267,898
Dynatrace, Inc.*		5,630		251,886
DocuSign, Inc.*		4,521		241,874
Twilio, Inc. — Class A*		3,828		217,469
Confluent, Inc. — Class A*		7,219		213,177
Dropbox, Inc. — Class A*		8,942		200,927
Gitlab, Inc. — Class A*		3,934		195,598
MicroStrategy, Inc. — Class A*,1		134		184,582
BILL Holdings, Inc.*		3,313		174,330
Unity Software, Inc.*		9,402		152,877
ZoomInfo Technologies, Inc. — Class A*		11,740		149,920
Five9, Inc.*		3,044		134,240
C3.ai, Inc. — Class A*,1		4,337		125,600
Total Software				22,132,251
Semiconductors - 28.2%
NVIDIA Corp.		30,578		3,777,606
Broadcom, Inc.		1,109		1,780,533
Advanced Micro Devices, Inc.*		7,290		1,182,511
QUALCOMM, Inc.		5,142		1,024,183
Applied Materials, Inc.		4,266		1,006,733
Texas Instruments, Inc.		4,937		960,395
Lam Research Corp.		812		864,658
Intel Corp.		27,011		836,531
Micron Technology, Inc.		6,265		824,035
Analog Devices, Inc.		3,341		762,617
KLA Corp.		918		756,900
NXP Semiconductor N.V.		2,416		650,121
ASML Holding N.V. — Class G		572		585,002
Taiwan Semiconductor Manufacturing Company Ltd. ADR		3,320		577,049
Marvell Technology, Inc.		7,904		552,490
Microchip Technology, Inc.		5,467		500,230
ARM Holdings plc ADR*,1		3,016		493,478
ON Semiconductor Corp.*		5,460		374,283
STMicroelectronics N.V. — Class Y		8,942		351,242
Teradyne, Inc.		2,366		350,854
Entegris, Inc.		2,402		325,231
Monolithic Power Systems, Inc.		367		301,556
Skyworks Solutions, Inc.		2,776		295,866
Qorvo, Inc.*		2,070		240,203
Lattice Semiconductor Corp.*		3,405		197,456
Rambus, Inc.*		3,129		183,860
MKS Instruments, Inc.		1,257		164,139
GLOBALFOUNDRIES, Inc.*,1		3,073		155,371
Axcelis Technologies, Inc.*		798		113,468
Total Semiconductors				20,188,601
Computers - 16.9%
Apple, Inc.		18,683		3,935,014
International Business Machines Corp.		5,291		915,078
Crowdstrike Holdings, Inc. — Class A*		1,808		692,808
Dell Technologies, Inc. — Class C		4,817		664,313
Accenture plc — Class A		1,681		510,032
Fortinet, Inc.*		7,346		442,743
Super Micro Computer, Inc.*		530		434,256
Cognizant Technology Solutions Corp. — Class A		6,336		430,848
Gartner, Inc.*		947		425,260
Check Point Software Technologies Ltd.*		2,557		421,905
Infosys Ltd. ADR1		22,186		413,103
HP, Inc.		11,704		409,874
Hewlett Packard Enterprise Co.		17,807		376,974
NetApp, Inc.		2,868		369,398
Western Digital Corp.*		4,556		345,208
Seagate Technology Holdings plc		3,193		329,741
Zscaler, Inc.*		1,653		317,690
Pure Storage, Inc. — Class A*		4,796		307,951
Amdocs Ltd.		2,840		224,133
Lumentum Holdings, Inc.*		2,741		139,572
Total Computers				12,105,901
Internet - 14.7%
Alphabet, Inc. — Class A		19,156		3,489,265
Meta Platforms, Inc. — Class A		5,114		2,578,581
Palo Alto Networks, Inc.*		2,274		770,909
Shopify, Inc. — Class A*		7,198		475,428
Pinterest, Inc. — Class A*		9,027		397,820
CDW Corp.		1,766		395,301
Sea Ltd. ADR*		5,382		384,382
Baidu, Inc. ADR*		4,386		379,301
Snap, Inc. — Class A*		20,336		337,781
Okta, Inc.*		3,150		294,872
VeriSign, Inc.*		1,575		280,035
Gen Digital, Inc.		10,744		268,385

Technology Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.6% (continued)
Internet - 14.7% (continued)
F5, Inc.*		1,349	$	232,338
Match Group, Inc.*		6,491		197,197
Total Internet				10,481,595
Telecommunications - 3.7%
Cisco Systems, Inc.		20,583		977,898
Arista Networks, Inc.*		1,928		675,726
Motorola Solutions, Inc.		1,526		589,112
Corning, Inc.		10,383		403,380
Total Telecommunications				2,646,116
Electronics - 3.1%
Amphenol Corp. — Class A		9,515		641,026
TE Connectivity Ltd.		3,285		494,163
Keysight Technologies, Inc.*		2,564		350,634
Trimble, Inc.*		4,789		267,801
Jabil, Inc.		2,246		244,342
Flex Ltd.*		8,052		237,453
Total Electronics				2,235,419
Energy-Alternate Sources - 1.1%
First Solar, Inc.*		1,363		307,302
Enphase Energy, Inc.*		2,324		231,726
SolarEdge Technologies, Inc.*		8,547		215,897
Total Energy-Alternate Sources				754,925
Investment Companies - 0.6%
Marathon Digital Holdings, Inc.*		8,441		167,554
Cleanspark, Inc.*		8,201		130,806
Riot Platforms, Inc.*		11,422		104,397
Total Investment Companies				402,757
Office & Business Equipment - 0.3%
Zebra Technologies Corp. — Class A*		777	$	240,039
Total Common Stocks
(Cost $40,317,573)				71,187,604

	Face Amount
REPURCHASE AGREEMENTS††,2 - 0.6%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	246,956		246,956
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		194,696		194,696
Total Repurchase Agreements
(Cost $441,652)				441,652
		Shares
SECURITIES LENDING COLLATERAL†,3 - 1.5%
Money Market Fund***
First American Government Obligations Fund - Class X, 5.23%4		1,091,673		1,091,673
Total Securities Lending Collateral
(Cost $1,091,673)				1,091,673
Total Investments - 101.7%
(Cost $41,850,898)			$	72,720,929
Other Assets & Liabilities, net - (1.7)%				(1,181,961	)
Total Net Assets - 100.0%			$	71,538,968

*	Non-income producing security.
***	A copy of each underlying unaffiliated fund's statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Repurchase Agreements — See Note 4.
3	Securities lending collateral — See Note 5.
4	Rate indicated is the 7-day yield as of June 30, 2024.

ADR — American Depositary Receipt

plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	71,187,604	$	—	$	—	$	71,187,604
Repurchase Agreements		—		441,652		—		441,652
Securities Lending Collateral		1,091,673		—		—		1,091,673
Total Assets	$	72,279,277	$	441,652	$	—	$	72,720,929

Telecommunications Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.5%
Telecommunications - 72.4%
Cisco Systems, Inc.		2,076	$	98,631
Verizon Communications, Inc.		2,252		92,872
AT&T, Inc.		4,623		88,346
T-Mobile US, Inc.		389		68,534
Arista Networks, Inc.*		165		57,829
Motorola Solutions, Inc.		130		50,186
Juniper Networks, Inc.		908		33,106
Ciena Corp.*		523		25,198
Frontier Communications Parent, Inc.*		940		24,609
Nice Ltd. ADR*		134		23,044
BCE, Inc.		676		21,882
Telefonaktiebolaget LM Ericsson ADR		3,544		21,866
Vodafone Group plc ADR		2,405		21,332
Nokia Oyj ADR		5,277		19,947
TELUS Corp.		1,306		19,773
America Movil SAB de CV ADR		1,143		19,431
Rogers Communications, Inc. — Class B		517		19,119
EchoStar Corp. — Class A*		1,073		19,112
InterDigital, Inc.		138		16,085
Iridium Communications, Inc.		600		15,972
Telephone & Data Systems, Inc.		668		13,848
Calix, Inc.*		383		13,570
Extreme Networks, Inc.*		996		13,396
Infinera Corp.*		1,910		11,632
Viavi Solutions, Inc.*		1,686		11,583
Harmonic, Inc.*		967		11,382
Viasat, Inc.*		856		10,871
Gogo, Inc.*		758		7,292
ADTRAN Holdings, Inc.		1,123		5,907
Lumen Technologies, Inc.*		3,093		3,402
CommScope Holding Company, Inc.*		1,585		1,950
Total Telecommunications				861,707
Media - 17.1%
Comcast Corp. — Class A		2,335		91,439
Charter Communications, Inc. — Class A*		171		51,122
Liberty Broadband Corp. — Class C*		492		26,971
Liberty Global Ltd. — Class C*		1,210		21,599
Liberty Latin America Ltd. — Class C*		1,308		12,583
Total Media				203,714
Internet - 6.5%
F5, Inc.*		180		31,001
Roku, Inc.*		506		30,325
Cogent Communications Holdings, Inc.		284		16,029
Total Internet				77,355
Computers - 2.5%
Lumentum Holdings, Inc.*		365		18,586
NetScout Systems, Inc.*		599		10,955
Total Computers				29,541
Software - 0.6%
Digi International, Inc.*		304		6,971
Electronics - 0.4%
Applied Optoelectronics, Inc.*		577		4,784
Total Common Stocks
(Cost $974,683)				1,184,072

	Face Amount
REPURCHASE AGREEMENTS††,1 - 0.5%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	3,231		3,231
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		2,548		2,548
Total Repurchase Agreements
(Cost $5,779)				5,779
Total Investments - 100.0%
(Cost $980,462)			$	1,189,851
Other Assets & Liabilities, net - 0.0%				530
Total Net Assets - 100.0%			$	1,190,381

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Repurchase Agreements — See Note 4.

ADR — American Depositary Receipt

plc — Public Limited Company

See Sector Classification in Other Information section.

Telecommunications Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	1,184,072	$	—	$	—	$	1,184,072
Repurchase Agreements		—		5,779		—		5,779
Total Assets	$	1,184,072	$	5,779	$	—	$	1,189,851

Transportation Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.9%
Transportation - 38.4%
Union Pacific Corp.		1,899	$	429,668
United Parcel Service, Inc. — Class B		2,724		372,779
FedEx Corp.		1,101		330,124
CSX Corp.		8,899		297,672
Norfolk Southern Corp.		1,158		248,611
Old Dominion Freight Line, Inc.		1,235		218,101
Expeditors International of Washington, Inc.		1,218		151,994
Canadian Pacific Kansas City Ltd.		1,787		140,690
J.B. Hunt Transport Services, Inc.		826		132,160
Saia, Inc.*		277		131,378
TFI International, Inc.		896		130,063
Canadian National Railway Co.		1,098		129,707
XPO, Inc.*		1,214		128,866
ZTO Express Cayman, Inc. ADR		5,793		120,205
CH Robinson Worldwide, Inc.		1,340		118,081
Knight-Swift Transportation Holdings, Inc.		2,097		104,682
Landstar System, Inc.		513		94,638
Hub Group, Inc. — Class A		1,373		59,108
Werner Enterprises, Inc.		1,495		53,566
ArcBest Corp.		486		52,041
Forward Air Corp.		1,292		24,600
Total Transportation				3,468,734
Auto Manufacturers - 25.9%
Tesla, Inc.*		4,369		864,538
Ford Motor Co.		21,096		264,544
General Motors Co.		5,686		264,172
Li Auto, Inc. ADR*		7,281		130,184
Rivian Automotive, Inc. — Class A*,1		9,632		129,261
Toyota Motor Corp. ADR		625		128,106
NIO, Inc. ADR*,1		30,436		126,614
Honda Motor Company Ltd. ADR		3,898		125,671
Stellantis N.V.		6,284		124,737
Ferrari N.V.		305		124,553
Lucid Group, Inc.*,1		19,993		52,182
Total Auto Manufacturers				2,334,562
Auto Parts & Equipment - 11.9%
Aptiv plc*		1,836		129,291
Magna International, Inc.		2,974		124,611
Mobileye Global, Inc. — Class A*,1		4,431		124,445
Autoliv, Inc.		1,118		119,615
Gentex Corp.		2,981		100,490
BorgWarner, Inc.		3,021		97,397
Lear Corp.		795		90,797
Goodyear Tire & Rubber Co.*		5,689		64,570
Visteon Corp.*		585		62,419
Adient plc*		2,084		51,496
Fox Factory Holding Corp.*		1,065		51,322
QuantumScape Corp.*,1		9,622		47,340
Luminar Technologies, Inc.*,1		9,898		14,748
Total Auto Parts & Equipment				1,078,541
Airlines - 11.9%
Delta Air Lines, Inc.		4,164		197,540
Southwest Airlines Co.		5,301		151,662
United Airlines Holdings, Inc.*		2,940		143,060
Ryanair Holdings plc ADR		1,090		126,920
Copa Holdings S.A. — Class A		1,301		123,829
American Airlines Group, Inc.*		8,727		98,877
Alaska Air Group, Inc.*		2,040		82,416
SkyWest, Inc.*		821		67,379
JetBlue Airways Corp.*		8,912		54,274
Allegiant Travel Co. — Class A		629		31,595
Total Airlines				1,077,552
Internet - 7.3%
Uber Technologies, Inc.*		6,233		453,014
Grab Holdings Ltd. — Class A*		36,080		128,084
Lyft, Inc. — Class A*		5,633		79,425
Total Internet				660,523
Commercial Services - 1.8%
GXO Logistics, Inc.*		1,786		90,193
Avis Budget Group, Inc.		455		47,557
Hertz Global Holdings, Inc.*,1		6,727		23,746
Total Commercial Services				161,496
Building Materials - 1.0%
Modine Manufacturing Co.*		853		85,462
Home Builders - 0.9%
Thor Industries, Inc.		849		79,339
Leisure Time - 0.8%
Harley-Davidson, Inc.		2,219		74,425
Total Common Stocks
(Cost $5,363,347)				9,020,634

	Face Amount
REPURCHASE AGREEMENTS††,2 - 0.2%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	12,212	12,212
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		9,627	9,627
Total Repurchase Agreements
(Cost $21,839)			21,839

	Shares
SECURITIES LENDING COLLATERAL†,3 - 4.0%
Money Market Fund**
First American Government Obligations Fund - Class X, 5.23%4		359,621		359,621
Total Securities Lending Collateral
(Cost $359,621)				359,621
Total Investments - 104.1%
(Cost $5,744,807)			$	9,402,094
Other Assets & Liabilities, net - (4.1)%				(367,020	)
Total Net Assets - 100.0%			$	9,035,074

Transportation Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

*	Non-income producing security.
**	A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Repurchase Agreements — See Note 4.
3	Securities lending collateral — See Note 5.
4	Rate indicated is the 7-day yield as of June 30, 2024.

ADR — American Depositary Receipt

plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	9,020,634	$	—	$	—	$	9,020,634
Repurchase Agreements		—		21,839		—		21,839
Securities Lending Collateral		359,621		—		—		359,621
Total Assets	$	9,380,255	$	21,839	$	—	$	9,402,094

Utilities Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Shares		Value
COMMON STOCKS† - 99.1%
Electric - 85.3%
NextEra Energy, Inc.		14,900	$	1,055,069
Southern Co.		10,600		822,242
Duke Energy Corp.		7,852		787,006
Constellation Energy Corp.		3,453		691,532
Sempra		8,263		628,484
American Electric Power Company, Inc.		6,962		610,846
Dominion Energy, Inc.		11,558		566,342
Public Service Enterprise Group, Inc.		7,432		547,738
PG&E Corp.		30,032		524,359
Exelon Corp.		15,150		524,342
Vistra Corp.		5,837		501,865
Consolidated Edison, Inc.		5,544		495,745
Xcel Energy, Inc.		9,103		486,191
Edison International		6,526		468,632
WEC Energy Group, Inc.		5,709		447,928
Entergy Corp.		4,040		432,280
FirstEnergy Corp.		10,705		409,680
CenterPoint Energy, Inc.		12,985		402,275
DTE Energy Co.		3,623		402,189
PPL Corp.		14,484		400,483
Eversource Energy		6,971		395,325
Ameren Corp.		5,535		393,594
CMS Energy Corp.		6,341		377,480
NRG Energy, Inc.		4,619		359,635
Alliant Energy Corp.		6,475		329,578
Evergy, Inc.		5,888		311,887
AES Corp.		16,973		298,216
Fortis, Inc.		7,293		283,260
Pinnacle West Capital Corp.		3,459		264,198
OGE Energy Corp.		6,810		243,117
Clearway Energy, Inc. — Class C		7,726		190,755
Portland General Electric Co.		4,410		190,688
Ormat Technologies, Inc.		2,513		180,182
Northwestern Energy Group, Inc.		3,125		156,500
Avista Corp.		4,249		147,058
Avangrid, Inc.		4,009		142,440
Black Hills Corp.		2,567		139,594
Otter Tail Corp.		1,271		111,327
Hawaiian Electric Industries, Inc.*		9,625		86,818
Total Electric				15,806,880
Gas - 8.8%
Atmos Energy Corp.		3,242		378,179
NiSource, Inc.		11,356		327,166
Brookfield Infrastructure Corp. — Class A		8,111		273,016
UGI Corp.		8,589		196,688
New Jersey Resources Corp.		4,308		184,124
ONE Gas, Inc.		2,722		173,800
Southwest Gas Holdings, Inc.		1,418		99,799
Total Gas				1,632,772
Water - 3.8%
American Water Works Company, Inc.		3,507		452,964
Essential Utilities, Inc.		6,992		261,011
Total Water				713,975
Energy-Alternate Sources - 1.2%
NextEra Energy Partners, LP1		5,292		146,271
Sunnova Energy International, Inc.*,1		12,935		72,177
Total Energy-Alternate Sources				218,448
Total Common Stocks
(Cost $14,552,146)				18,372,075

	Face Amount
REPURCHASE AGREEMENTS††,2 - 0.2%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/24	$	16,034	16,034
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/24		12,641	12,641
Total Repurchase Agreements
(Cost $28,675)			28,675

	Shares
SECURITIES LENDING COLLATERAL†,3 - 0.9%
Money Market Fund**
First American Government Obligations Fund - Class X, 5.23%4		161,217		161,217
Total Securities Lending Collateral
(Cost $161,217)				161,217
Total Investments - 100.2%
(Cost $14,742,038)			$	18,561,967
Other Assets & Liabilities, net - (0.2)%				(31,330	)
Total Net Assets - 100.0%			$	18,530,637

*	Non-income producing security.
**	A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2024 — See Note 5.
2	Repurchase Agreements — See Note 4.
3	Securities lending collateral — See Note 5.
4	Rate indicated is the 7-day yield as of June 30, 2024.

See Sector Classification in Other Information section.

Utilities Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	18,372,075	$	—	$	—	$	18,372,075
Repurchase Agreements		—		28,675		—		28,675
Securities Lending Collateral		161,217		—		—		161,217
Total Assets	$	18,533,292	$	28,675	$	—	$	18,561,967

Weakening Dollar 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

	Face Amount		Value
U.S. TREASURY BILLS†† - 1.9%
U.S. Treasury Bills
5.18% due 07/09/241,2	$	23,000	$	22,973
Total U.S. Treasury Bills
(Cost $22,973)				22,973
REPURCHASE AGREEMENTS††,3 - 98.5%
J.P. Morgan Securities LLC issued 06/28/24 at 5.32% due 07/01/244	$	689,992		689,992
BofA Securities, Inc. issued 06/28/24 at 5.30% due 07/01/244		543,977		543,977
Total Repurchase Agreements
(Cost $1,233,969)				1,233,969
Total Investments - 100.4%
(Cost $1,256,942)			$	1,256,942
Other Assets & Liabilities, net - (0.4)%				(4,713	)
Total Net Assets - 100.0%			$	1,252,229

Futures Contracts

Description	Number of Contracts	Expiration Date	Notional Amount		Value and Unrealized Depreciation**
Currency Futures Contracts Sold Short†
U.S. Dollar Index Futures Contracts	17	Sep 2024	$	1,794,350	$	(10,488	)

Total Return Swap Agreements

Counterparty

Index

Type

Financing Rate

Payment Frequency

Maturity Date

Units

Notional Amount

Value and Unrealized Depreciation

OTC Currency Index Swap Agreements Sold Short††

Goldman Sachs International

U.S. Dollar Index

Pay

N/A

At Maturity

09/24/24

6,710

$

707,804

$

(3,504

)

**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is pledged as futures collateral at June 30, 2024.
2	Rate indicated is the effective yield at the time of purchase.
3	Repurchase Agreements — See Note 4.
4	All or a portion of this security is pledged as currency index swap collateral at June 30, 2024.

See Sector Classification in Other Information section.

Weakening Dollar 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2024

The following table summarizes the inputs used to value the Fund’s investments at June 30, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
U.S. Treasury Bills	$	—	$	22,973	$	—	$	22,973
Repurchase Agreements		—		1,233,969		—		1,233,969
Total Assets	$	—	$	1,256,942	$	—	$	1,256,942

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Currency Futures Contracts**	$	10,488	$	—	$	—	$	10,488
Currency Index Swap Agreements**		—		3,504		—		3,504
Total Liabilities	$	10,488	$	3,504	$	—	$	13,992

** This derivative is reported as unrealized appreciation/depreciation at period end.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Note 1 – Organization and Significant Accounting Policies

Organization

The Rydex Series Funds (the “Trust”), a Delaware statutory trust, is registered with the U.S. Securities and Exchange Commission (the “SEC”) under the Investment Company Act of 1940 (“1940 Act”), as an open-ended investment company of the series type. Each series, in effect, is representing a separate fund (each, a “Fund”). The Trust may issue an unlimited number of authorized shares. The Trust accounts for the assets of each Fund separately.

This report covers the following funds (collectively, the “Funds”): 

Fund Name	Investment Company Type
Banking Fund	Diversified
Basic Materials Fund	Diversified
Biotechnology Fund	Diversified
Consumer Products Fund	Diversified
Dow Jones Industrial Average® Fund	Non-diversified
Electronics Fund	Non-diversified
Emerging Markets 2x Strategy Fund	Non-diversified
Emerging Markets Bond Strategy Fund	Diversified
Energy Fund	Diversified
Energy Services Fund	Non-diversified
Europe 1.25x Strategy Fund	Non-diversified
Financial Services Fund	Diversified
Government Long Bond 1.2x Strategy Fund	Diversified
Health Care Fund	Diversified
High Yield Strategy Fund	Non-diversified
Internet Fund	Diversified
Inverse Emerging Markets 2x Strategy Fund	Non-diversified
Inverse Government Long Bond Strategy Fund	Diversified
Inverse High Yield Strategy Fund	Non-diversified
Inverse Mid-Cap Strategy Fund	Non-diversified
Inverse NASDAQ-100® Strategy Fund	Non-diversified
Inverse Russell 2000® Strategy Fund	Non-diversified
Inverse S&P 500® Strategy Fund	Non-diversified
Japan 2x Strategy Fund	Non-diversified
Leisure Fund	Diversified
Long Short Equity Fund	Non-diversified
Mid-Cap 1.5x Strategy Fund	Non-diversified
Monthly Rebalance NASDAQ-100® 2x Strategy Fund	Non-diversified
NASDAQ-100® Fund	Non-diversified
Nova Fund	Non-diversified
Precious Metals Fund	Non-diversified
Real Estate Fund	Diversified
Retailing Fund	Diversified
Russell 2000® 1.5x Strategy Fund	Non-diversified
Russell 2000® Fund	Non-diversified
S&P 500® Fund	Non-diversified
S&P 500® Pure Growth Fund	Non-diversified
S&P 500® Pure Value Fund	Non-diversified
S&P MidCap 400® Pure Growth Fund	Non-diversified
S&P MidCap 400® Pure Value Fund	Non-diversified
S&P SmallCap 600® Pure Growth Fund	Non-diversified
S&P SmallCap 600® Pure Value Fund	Non-diversified
Strengthening Dollar 2x Strategy Fund	Non-diversified
Technology Fund	Diversified
Telecommunications Fund	Non-diversified
Transportation Fund	Diversified
Utilities Fund	Diversified
Weakening Dollar 2x Strategy Fund	Non-diversified

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

For information on the Funds’ policy regarding valuation of investments and other significant accounting policies, please refer to the Funds’ most recent semi-annual or annual shareholder report.

Significant Accounting Policies

The Funds operate as investment companies and, accordingly, follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946 Financial Services – Investment Companies. 

The following significant accounting policies are in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) and are consistently followed by the Trust. This requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. All time references are based on Eastern Time.

(a) Valuation of Investments 

The Board of Trustees of the Funds (the “Board”) adopted policies and procedures for the valuation of the Funds’ investments (the “Fund Valuation Procedures”). The SEC adopted Rule 2a-5 under the 1940 Act (“Rule 2a-5”) which establishes requirements for determining fair value in good faith. Rule 2a-5 also defines “readily available market quotations” for purposes of the 1940 Act and establishes requirements for determining whether a fund must fair value a security in good faith.

Pursuant to Rule 2a-5, the Board has designated the Adviser as the valuation designee to perform fair valuation determinations for the Funds with respect to all Fund investments and other assets. As the Funds’ valuation designee pursuant to Rule 2a-5, the Adviser has adopted separate procedures (the “Valuation Designee Procedures” and collectively with the Fund Valuation Procedures, the “Valuation Procedures”) reasonably designed to prevent violations of the requirements of Rule 2a-5 and Rule 31a-4. The Adviser, in its role as valuation designee, utilizes the assistance of a valuation committee, consisting of representatives from Guggenheim’s investment management, fund administration, legal and compliance departments (the “Valuation Committee”), in determining the fair value of the Funds’ securities and other assets.

Valuations of the Funds’ securities and other assets are supplied primarily by pricing service providers appointed pursuant to the processes set forth in the Valuation Procedures. The Adviser, with the assistance of the Valuation Committee, convenes monthly, or more frequently as needed, to review the valuation of all assets which have been fair valued. The Adviser, consistent with the monitoring and review responsibilities set forth in the Valuation Procedures, regularly reviews the appropriateness of the inputs, methods, models and assumptions employed by the pricing service provider.

If the pricing service provider cannot or does not provide a valuation for a particular investment or such valuation is deemed unreliable, such investment is fair valued by the Adviser.

Equity securities listed or traded on a recognized U.S. securities exchange or the Nasdaq Stock Market (“NASDAQ”) will generally be valued on the basis of the last sale price on the primary U.S. exchange or market on which the security is listed or traded; provided, however, that securities listed on NASDAQ will be valued at the NASDAQ official closing price, which may not necessarily represent the last sale price.

Open-end investment companies are valued at their net asset value (“NAV”) as of the close of business, on the valuation date. Exchange-traded funds and closed-end investment companies are generally valued at the last quoted sale price.

U.S. Government securities are valued by pricing service providers, using the last traded fill price, or at the reported bid price at the close of business on the valuation date.

Commercial paper and discount notes with a maturity of greater than 60 days at acquisition are valued at prices that reflect broker-dealer supplied valuations or are obtained from pricing service providers, which may consider the trade activity, treasury spreads, yields or price of bonds of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities. Commercial paper and discount notes with a maturity of 60 days or less at acquisition are valued at amortized cost, unless the Adviser concludes that amortized cost does not represent the fair value of the applicable asset in which case it will be valued using a pricing service provider.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Repurchase agreements are generally valued at amortized cost, provided such amounts approximate market value.

Futures contracts are valued on the basis of the last sale price as of 4:00 p.m. price on the valuation date. In the event that the exchange for a specific futures contract closes earlier than 4:00 p.m., the futures contract is valued at the official settlement price of the exchange. However, the underlying securities from which the futures contract value is derived are monitored until 4:00 p.m. to determine if fair valuation of the underlying securities would provide a more accurate valuation of the futures contract. 

Swap agreements entered into by a Fund are generally valued using an evaluated price provided by a pricing service provider.

Investments for which market quotations are not readily available are fair valued as determined in good faith by the Adviser. Valuations in accordance with these methods are intended to reflect each security’s (or asset’s or liability’s) “fair value”. Each such determination is based on a consideration of all relevant factors, which are likely to vary from one pricing context to another. Examples of such factors may include, but are not limited to market prices; sale prices; broker quotes; and models which derive prices based on inputs such as anticipated cash flows or collateral, spread over U.S. Treasury securities, and other information analysis. In connection with futures contracts and other derivative investments, such factors may include obtaining information as to how (a) these contracts and other derivative investments trade in the futures or other derivative markets, respectively, and (b) the securities underlying these contracts and other derivative investments trade in the cash market.

Note 2 – Financial Instruments and Derivatives

As part of their investment strategies, the Funds may utilize short sales and a variety of derivative instruments. These investments involve, to varying degrees, elements of market risk. Valuation and accounting treatment of these instruments can be found under Significant Accounting Policies in Note 1 of these Notes to Schedule of Investments.

Short Sales

A short sale is a transaction in which a Fund sells a security it does not own. If the security sold short decreases in price between the time the Fund sells the security and closes its short position, the Fund will realize a gain on the transaction. Conversely, if the security increases in price during the period, the Fund will realize a loss on the transaction. The risk of such price increases is the principal risk of engaging in short sales.

Derivatives 

Derivatives are instruments whose values depend on, or are derived from, in whole or in part, the value of one or more other assets, such as securities, currencies, commodities or indices. Derivative instruments may be used for investment purposes (including to maintain cash reserves while maintaining exposure to certain other assets), for risk management (hedging) purposes, to facilitate trading, to reduce transaction costs and to pursue higher investment returns. Derivative instruments may also be used to seek to mitigate certain investment risks, such as foreign currency exchange rate risk, interest rate risk and credit risk. U.S. GAAP requires disclosures to enable investors to better understand how and why a Fund uses derivative instruments, how these derivative instruments are accounted for and their effects on the Fund’s financial position and results of operations.

The Funds may utilize derivatives for the following purposes:

Duration: the use of an instrument to manage the interest rate risk of a portfolio.

Index Exposure: the use of an instrument to obtain exposure to a listed or other type of index.

Leverage: gaining total exposure to equities or other assets on the long and short sides at greater than 100% of invested capital.

Liquidity: the ability to buy or sell exposure with little price/market impact.

If a Fund’s investment strategy consistently involves applying leverage, the value of the Fund’s shares will tend to increase or decrease more than the value of any increase or decrease in the underlying index or other asset. In addition, because an investment in derivative instruments generally requires a small investment relative to the amount of investment exposure assumed, an opportunity for increased net income is created; but, at the same time, leverage risk will increase. The Fund’s use of leverage, through borrowings or instruments such as derivatives, may cause the Fund to be more volatile and riskier than if they had not been leveraged.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Futures contracts

A futures contract is an agreement to purchase (long) or sell (short) an agreed amount of securities or other instruments at a set price for delivery at a future date. There are significant risks associated with a Fund’s use of futures contracts, including (i) there may be an imperfect or no correlation between the changes in market value of the underlying asset and the prices of futures contracts; (ii) there may not be a liquid secondary market for a futures contract; (iii) trading restrictions or limitations may be imposed by an exchange; and (iv) government regulations may restrict trading in futures contracts. When investing in futures, there is minimal counterparty credit risk to a Fund because futures are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees against default. Securities held as collateral are noted on the Funds’ Schedules of Investments.

Swap Agreements

A swap is an agreement that obligates two parties to exchange a series of cash flows at specified intervals based upon or calculated by reference to changes in specified prices or rates for a specified amount of an underlying asset. When utilizing over-the-counter (“OTC”) swaps, a Fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty or if the underlying asset declines in value. Certain standardized swaps are subject to mandatory central clearing and are executed on a multi-lateral or other trade facility platform, such as a registered exchange. There is limited counterparty credit risk with respect to centrally-cleared swaps as the transaction is facilitated through a central clearinghouse, much like exchange-traded futures contracts. For a Fund utilizing centrally-cleared swaps, the exchange bears the risk of loss resulting from a counterparty not being able to pay. There is no guarantee that a Fund or an underlying fund could eliminate its exposure under an outstanding swap agreement by entering into an offsetting swap agreement with the same or another party.

Total return swaps involve commitments where single or multiple cash flows are exchanged based on the price of an underlying reference asset (such as index or basket) or a fixed or variable interest rate. Index swaps will usually be computed based on the current index value as of the close of regular trading on the NYSE or other exchange, with the swap value being adjusted to include dividends accrued, financing charges and/or interest associated with the swap agreement. When utilizing a total return index swap the Fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty or if the underlying index declines in value.

Currency swaps enable the Funds to gain exposure to currencies in a market without actually possessing a given currency, or to hedge a position. Currency swaps involve the exchange of the principal and interest in one currency for the principal and interest in another currency. As in other types of OTC swaps, the Funds may be at risk due to the counterparty’s inability to perform.

Credit default swaps are instruments which allow for the full or partial transfer of third party credit risk, with respect to a particular entity or entities, from one counterparty to the other. A fund enters into credit default swaps as a “seller” or “buyer” of protection primarily to gain or reduce exposure to the investment grade and/or high yield bond market. A seller of credit default swaps is selling credit protection or assuming credit risk with respect to the underlying entity or entities. The buyer in a credit default swap is obligated to pay the seller a periodic stream of payments over the term of the contract provided that no event of default on an underlying reference obligation has occurred. If a credit event occurs, as defined under the terms of the swap agreement, the seller will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. The notional amount reflects the maximum potential amount the seller of credit protection could be required to pay to the buyer if a credit event occurs. The seller of protection receives periodic premium payments from the buyer and may also receive or pay an upfront premium adjustment to the stated periodic payments. In the event a credit event occurs on a credit default swap referencing an index, a factor adjustment will take place and the buyer of protection will receive a payment reflecting the par less the default recovery rate of the default recovery of the defaulted index component based on its weighting in the index. If no default occurs, the counterparty will pay the stream of payments and have no further obligations to the fund selling the credit protection. For a fund utilizing centrally cleared credit default swaps, the exchange bears the risk of loss resulting from a counterparty not being able to pay. For OTC credit default swaps, a fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty, or in the case of a credit default swap in which a fund is selling credit protection, the default of a third party issuer.

The quoted market prices and resulting market values for credit default swap agreements on securities and credit indices 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 derivative had the notional amount of the swap agreement been closed/sold 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.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

In conjunction with short sales and the use of derivative instruments, the Funds are required to maintain collateral in various forms. Depending on the financial instrument utilized and the broker involved, the Funds use margin deposits at the broker, cash and/or securities segregated at the custodian bank, discount notes or repurchase agreements allocated to the Funds as collateral.

The Trust has established counterparty credit guidelines and enters into transactions only with financial institutions rated/identified as investment grade or better. The Trust monitors the counterparty credit risk associated with each such financial institution.

Foreign Investments 

There are several risks associated with exposure to foreign currencies, foreign issuers and emerging markets. A fund’s indirect and direct exposure to foreign currencies subjects the Fund to the risk that those currencies will decline in value relative to the U.S. dollar, or in the case of short positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad. In addition, the Funds may incur transaction costs in connection with conversions between various currencies. The Funds may, but is not obligated to, engage in currency hedging transactions, which generally involve buying currency forward, options or futures contracts. However, not all currency risks may be effectively hedged, and in some cases the costs of hedging techniques may outweigh expected benefits. In such instances, the value of securities denominated in foreign currencies can change significantly when foreign currencies strengthen or weaken relative to the U.S. dollar.

The Funds may invest in securities of foreign companies directly, or in financial instruments, such as ADRs and exchange-traded funds, which are indirectly linked to the performance of foreign issuers. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Investing in securities of foreign companies directly, or in financial instruments that are indirectly linked to the performance of foreign issuers, may involve risks not typically associated with investing in U.S. issuers. The value of securities denominated in foreign currencies, and of dividends from such securities, can change significantly when foreign currencies strengthen or weaken relative to the U.S. dollar. Foreign securities markets generally have less trading volume and less liquidity than U.S. markets, and prices in some foreign markets may fluctuate more than those of securities traded on U.S. markets. Many foreign countries lack accounting and disclosure standards comparable to those that apply to U.S. companies, and it may be more difficult to obtain reliable information regarding a foreign issuer’s financial condition and operations. Transaction costs and costs associated with custody services are generally higher for foreign securities than they are for U.S. securities. Some foreign governments levy withholding taxes against dividend and interest income. Although in some countries portions of these taxes are recoverable, the non-recovered portion will reduce the income received by the Funds.

Emerging markets, which consist of countries that have an emerging stock market as defined by Standard & Poor’s^®, countries or markets with low - to middle – income economies as classified by the World Bank, and other countries or markets with similar characteristics as determined by GI, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market,or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic,regulatory, and political uncertainties and can be extremely volatile. As a result, the securities of emerging market issuers may present market, credit, currency, liquidity, legal, political and other risks different from, or greater than, the risks of investing in securities of developed foreign countries. In addition, the risks associated

with investing in a narrowly defined geographic area are generally more pronounced with respect to investments in emerging market countries. The Fund may also be subject to this risk with respect to its investments in derivatives or other securities or financial instruments whose returns are related to the returns of emerging market securities.

Note 3 – Fair Value Measurement  

In accordance with U.S. GAAP, fair value is defined as the price that the Funds would receive to sell an investment or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a three-tier fair value hierarchy based on the types of inputs used to value assets and liabilities and requires corresponding disclosure. The hierarchy and the corresponding inputs are summarized below:

Level 1 — unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2 — significant other observable inputs (for example quoted prices for securities that are similar based on characteristics such as interest rates, prepayment speeds, credit risk, etc.).

Level 3 — significant unobservable inputs based on the best information available under the circumstances, to the extent observable inputs are not available, which may include assumptions.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Rule 2a-5 sets forth a definition of “readily available market quotations,” which is consistent with the definition of a Level 1 input under U.S. GAAP. Rule 2a-5 provides that “a market quotation is readily available only when that quotation is a quoted price (unadjusted) in active markets for identical investments that the fund can access at the measurement date, provided that a quotation will not be readily available if it is not reliable.”

Securities for which market quotations are not readily available must be valued at fair value as determined in good faith. Accordingly, any security priced using inputs other than Level 1 inputs will be subject to fair value requirements. The types of inputs available depend on a variety of factors, such as the type of security and the characteristics of the markets in which it trades, if any. Fair valuation determinations that rely on fewer or no observable inputs require greater judgment. Accordingly, fair value determinations for Level 3 securities require the greatest amount of judgment.

The inputs or methodologies selected and applied for valuing securities or other assets are not necessarily an indication of the risk associated with investing in those securities. The suitability, appropriateness and accuracy of the techniques, methodologies and sources employed to determine fair valuation are periodically reviewed and subject to change.

Note 4 – Repurchase Agreements

The Funds transfer uninvested cash balances into a single joint account, the daily aggregate balance of which is invested in one or more repurchase agreements collateralized by obligations of the U.S. Treasury and U.S. government agencies.  The joint account includes other Funds in the Guggenheim complex not covered in this report. The collateral is in the possession of the Funds’ custodian and is evaluated to ensure that its market value exceeds, at a minimum, 102% of the original face amount of the repurchase agreements. Each Fund holds a pro rata share of the collateral based on the dollar amount of the repurchase agreement entered into by each Fund.

At June 30, 2024, the repurchase agreements in the joint account were as follows:

Counterparty and Terms of Agreement	Face Value		Repurchase Price		Collateral		Par Value		Fair Value
J.P. Morgan Securities LLC						U.S. Treasury Note
5.32%						4.63%
Due 07/01/24	$	156,496,806	$	156,566,187		Due 06/15/27	$	158,843,700	$	159,626,761
BofA Securities, Inc.						U.S. Treasury Strip
5.30%						0.00%
Due 07/01/24		123,379,335		123,433,827		Due 02/15/26 - 08/15/45		137,546,888		98,445,053
						U.S. Treasury Inflation Indexed Bond
						1.00%
						Due 02/15/49		34,679,568		27,032,789
						U.S. Treasury Bond
						3.50%
						Due 02/15/39		400,100		369,081
								172,626,556		125,846,923

In the event of counterparty default, the Funds have the right to collect the collateral to offset losses incurred. There is potential loss to the Funds in the event the Funds are delayed or prevented from exercising their rights to dispose of the collateral securities, including the risk of a possible decline in the value of the underlying securities during the period while the Funds seek to assert their rights. GI, acting under the supervision of the Board, reviews the value of the collateral and the creditworthiness of those banks and dealers with which the Funds enter into repurchase agreements to evaluate potential risks.

Note 5 – Portfolio Securities Loaned

The Funds may lend their securities to approved brokers to earn additional income. Security lending income is net of rebates paid to the borrowers and earnings on cash collateral investments shared with the lending agent. Within this arrangement, the Funds act as the lender, U.S. Bank acts as the lending agent, and other approved registered broker dealers act as the borrowers. The Funds receive cash collateral, valued at 102% of the value of the securities on loan. Under the terms of the Funds’ securities lending agreement with U.S. Bank, cash collateral and proceeds are invested in the First American Government Obligations Fund – Class X. The Funds bear the risk of loss on cash collateral investments. Collateral is maintained over the life of the loan in an amount not less than the value of loaned securities, as determined at the close of fund business each day; any additional collateral required due to changes in security values is delivered to the Funds the next business day. Although the collateral mitigates the risk, the Funds could experience a delay in recovering its securities and a possible loss of income or value if the borrower fails to return the securities. The Funds have the right under the securities lending agreement to recover the securities from the borrower on demand. Securities lending transactions are accounted for as secured borrowings. The remaining contractual maturity of the securities lending agreement is overnight and continuous.

At June 30, 2024, the Funds participated in securities lending transactions, which are subject to enforceable netting arrangements, as follows:

Fund	Value of Securities Loaned		Collateral Received
Banking Fund	$	177,698	$	182,804
Basic Materials Fund		491,741		509,003
Biotechnology Fund		144,535		155,023
Consumer Products Fund		531,200		550,384
Electronics Fund		4,183,380		4,355,199
Emerging Markets 2x Strategy Fund		46,561		48,080
Energy Fund		518,062		535,623
Europe 1.25x Strategy Fund		45,827		47,163
Financial Services Fund		27,897		28,501
Health Care Fund		2,813		2,837
Internet Fund		27,117		31,050
Leisure Fund		53,125		54,229

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Fund	Value of Securities Loaned		Collateral Received
Long Short Equity Fund	$	14,533	$	14,537
Mid-Cap 1.5x Strategy Fund		60,616		62,379
Monthly Rebalance NASDAQ-100® 2x Strategy Fund		1,683,540		1,735,934
NASDAQ-100® Fund		4,291,175		4,423,862
Precious Metals Fund		2,252,863		2,343,350
Real Estate Fund		41,428		44,116
Retailing Fund		78,254		79,743
Russell 2000® 1.5x Strategy Fund		40,537		42,537
Russell 2000® Fund		2,116,517		2,165,410
S&P MidCap 400® Pure Value Fund		37,314		38,136
S&P SmallCap 600® Pure Growth Fund		16,320		16,600
S&P SmallCap 600® Pure Value Fund		88,727		95,879
Technology Fund		1,043,074		1,091,673
Transportation Fund		336,324		359,621
Utilities Fund		144,597		161,217

In the event of counterparty default, the Funds have the right to collect the collateral to offset losses incurred. There is potential loss to the Funds in the event the Funds are delayed or prevented from exercising their rights to dispose of the collateral securities, including the risk of a possible decline in the value of the underlying securities during the period while the Funds seek to assert their rights. GI, acting under the supervision of the Board, reviews the value of the collateral and the creditworthiness of those banks and dealers to evaluate potential risks.

Note 6– Federal Income Tax Information

The Funds intend to comply with the provisions of Subchapter M of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), applicable to regulated investment companies and will distribute substantially all taxable net investment income and capital gains sufficient to relieve the Funds from all, or substantially all, federal income, excise and state income taxes. Therefore, no provision for federal or state income tax or federal excise tax is required.

Tax positions taken or expected to be taken in the course of preparing the Funds’ tax returns are evaluated to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold would be recorded as a tax benefit or expense in the current year. Management has analyzed the Funds’ tax positions taken, or to be taken, on U.S. federal income tax returns for all open tax years, and has concluded that no provision for income tax is required in the Funds’ financial statements. The Funds’ U.S. federal income tax returns are subject to examination by the Internal Revenue Service (“IRS”) for a period of three years after they are filed.

At June 30, 2024, the cost of investments for U.S. federal income tax purposes, the aggregate gross unrealized appreciation for all investments for which there was an excess of value over tax cost, and the aggregate gross unrealized depreciation for all investments for which there was an excess of tax cost over value, were as follows:

Fund	Tax Cost		Tax Unrealized Appreciation		Tax Unrealized Depreciation			Net Tax Unrealized Appreciation (Depreciation)
Banking Fund	$	24,152,695	$	1,246,610	$	(519,368	)	$	727,242
Basic Materials Fund		20,453,043		8,972,970		(745,945	)		8,227,025
Biotechnology Fund		63,770,596		49,160,883		(4,388,837	)		44,772,046
Consumer Products Fund		32,021,049		22,236,634		(368,722	)		21,867,912
Dow Jones Industrial Average® Fund		19,627,337		3,778,701		(99,119	)		3,679,582
Electronics Fund		88,845,662		54,877,158		(2,601,644	)		52,275,514
Emerging Markets 2x Strategy Fund		2,412,745		296,393		(26,190	)		270,203
Emerging Markets Bond Strategy Fund		528,803		634		(3,809	)		(3,175	)
Energy Fund		22,081,566		6,200,879		(285,663	)		5,915,216
Energy Services Fund		8,521,156		1,349,866		(36,352	)		1,313,514
Europe 1.25x Strategy Fund		12,918,843		185,540		(1,618	)		183,922
Financial Services Fund		11,828,576		18,970		(45,872	)		(26,902	)
Government Long Bond 1.2x Strategy Fund		20,828,956		–		(177,844	)		(177,844	)
Health Care Fund		16,850,342		5,828,299		(282,742	)		5,545,557
High Yield Strategy Fund		29,050,252		209,310		(109,274	)		100,036
Internet Fund		7,697,572		3,853,932		(91,935	)		3,761,997
Inverse Emerging Markets 2x Strategy Fund		388,140		3,339		–			3,339
Inverse Government Long Bond Strategy Fund		13,405,920		11,225		(37,294	)		(26,069	)
Inverse High Yield Strategy Fund		8,447,338		20,684		(29,771	)		(9,087	)
Inverse Mid-Cap Strategy Fund		532,791		3,322		(287	)		3,035
Inverse NASDAQ-100® Strategy Fund		18,632,275		39,361		(68,949	)		(29,588	)
Inverse Russell 2000® Strategy Fund		2,375,067		14,778		(26,720	)		(11,942	)
Inverse S&P 500® Strategy Fund		41,231,386		25,586		(125,716	)		(100,130	)
Japan 2x Strategy Fund		1,446,005		61,980		(68,080	)		(6,100	)
Leisure Fund		5,106,879		1,992,488		(125,122	)		1,867,366
Long Short Equity Fund		14,424,399		2,572,316		(442,671	)		2,129,645
Mid-Cap 1.5x Strategy Fund		11,542,512		1,817,301		(322,076	)		1,495,225
Monthly Rebalance NASDAQ-100® 2x Strategy Fund		830,476,851		40,759,165		(7,138,310	)		33,620,855
NASDAQ-100® Fund		657,366,113		1,256,643,102		(7,670,266	)		1,248,972,836
Nova Fund		268,302,408		21,195,960		(2,532,622	)		18,663,338
Precious Metals Fund		81,954,335		–		(5,976,900	)		(5,976,900	)
Real Estate Fund		5,042,120		175,897		(36,011	)		139,886
Retailing Fund		8,514,191		1,682,207		(97,403	)		1,584,804
Russell 2000® 1.5x Strategy Fund		6,183,210		705,567		(852,962	)		(147,395	)
Russell 2000® Fund		20,563,963		1,940,345		(2,325,680	)		(385,335	)
S&P 500® Fund		196,178,464		49,057,889		(655,088	)		48,402,801
S&P 500® Pure Growth Fund		28,005,628		5,954,627		(341,193	)		5,613,434
S&P 500® Pure Value Fund		9,362,427		418,974		(260,117	)		158,857
S&P MidCap 400® Pure Growth Fund		28,701,031		5,995,217		(362,946	)		5,632,271
S&P MidCap 400® Pure Value Fund		6,133,611		872,019		(235,392	)		636,627
S&P SmallCap 600® Pure Growth Fund		3,156,939		570,646		(59,702	)		510,944
S&P SmallCap 600® Pure Value Fund		4,145,339		384,858		(117,736	)		267,122
Strengthening Dollar 2x Strategy Fund		2,644,625		34,905		–			34,905
Technology Fund		45,995,545		27,684,911		(959,527	)		26,725,384
Telecommunications Fund		1,174,075		40,692		(24,916	)		15,776
Transportation Fund		7,368,496		2,327,585		(293,987	)		2,033,598
Utilities Fund		17,773,258		840,147		(51,438	)		788,709
Weakening Dollar 2x Strategy Fund		1,256,942		–		(13,992	)		(13,992	)

Note 7 – Market Risks

The value of, or income generated by, the investments held by the Funds are subject to the possibility of rapid and unpredictable fluctuation, and loss that may result from various factors. These factors include, among others, developments affecting individual companies, or from broader influences, including real or perceived changes in prevailing interest rates (which may change at any time based on changes in monetary policies and various market and other economic condition), changes in inflation rates or expectations about inflation rates, adverse investor confidence or sentiment, changing economic, political (including geopolitical), social or financial market conditions, increased instability or general uncertainty, environmental disasters, governmental actions, public health emergencies (such as the spread of infectious diseases, pandemics and epidemics), debt crises, actual or threatened wars or other armed conflicts (such as the ongoing Russia-Ukraine conflict and its collateral economic and other effects, including, but not limited to, sanctions and other international trade barriers) or ratings downgrades, and other similar events, each of which may be temporary or last for extended periods. Moreover, changing economic, political, geopolitical, social, financial market or other conditions in one country, geographic region or industry could adversely affect the value, yield and return of the investments held by the Funds in a different country, geographic region, economy, industry or market because of the increasingly interconnected global economies and financial markets. The duration and extent of the foregoing types of factors or conditions are highly uncertain and difficult to predict and have in the past, and may in the future, cause volatility and distress in economies and financial markets or other adverse circumstances, which may negatively affect the value of the Funds’ investments and performance of the Funds.