Schedule

of

Investments

Blue

Chip

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

1

INVESTMENT

COMPANIES

-

0

.28

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

0

.28

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.04%

(a),(b)

11,576,800‌

$

11,577‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

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

10,704,146‌

10,704‌

$

22,281‌

TOTAL

INVESTMENT

COMPANIES

$

22,281‌

COMMON

STOCKS

-

99

.97

%

Shares

Held

Value

(000's)

Aerospace

&

Defense

-

4

.77

%

TransDigm

Group

Inc

670,258‌

$

388,207‌

Chemicals

-

2

.75

%

Ecolab

Inc

118,325‌

26,286‌

Linde

PLC

638,361‌

163,689‌

Sherwin-Williams

Co/The

45,067‌

33,693‌

$

223,668‌

Commercial

Services

-

8

.63

%

CoStar

Group

Inc

(d)

107,823‌

98,180‌

Moody's

Corp

326,979‌

92,319‌

PayPal

Holdings

Inc

(d)

1,806,536‌

386,816‌

S&P

Global

Inc

354,535‌

124,718‌

$

702,033‌

Diversified

Financial

Services

-

10

.85

%

Charles

Schwab

Corp/The

2,689,344‌

131,186‌

Mastercard

Inc

1,135,416‌

382,079‌

Visa

Inc

1,753,551‌

368,860‌

$

882,125‌

Electronics

-

1

.57

%

Roper

Technologies

Inc

298,282‌

127,366‌

Healthcare

-

Products

-

3

.13

%

Danaher

Corp

829,953‌

186,433‌

IDEXX

Laboratories

Inc

(d)

147,894‌

68,176‌

$

254,609‌

Insurance

-

2

.50

%

Aon

PLC

723,192‌

148,175‌

Progressive

Corp/The

629,660‌

54,850‌

$

203,025‌

Internet

-

22

.86

%

Alphabet

Inc

-

A

Shares

(d)

49,989‌

87,701‌

Alphabet

Inc

-

C

Shares

(d)

298,214‌

525,077‌

Amazon.com

Inc

(d)

227,628‌

721,135‌

Facebook

Inc

(d)

1,020,707‌

282,705‌

Netflix

Inc

(d)

341,184‌

167,419‌

Spotify

Technology

SA

(d)

143,052‌

41,681‌

VeriSign

Inc

(d)

166,234‌

33,366‌

$

1,859,084‌

Lodging

-

1

.90

%

Hilton

Worldwide

Holdings

Inc

1,487,460‌

154,145‌

Media

-

4

.15

%

Charter

Communications

Inc

(d)

487,651‌

317,944‌

Liberty

Broadband

Corp

-

C

Shares

(d)

124,062‌

19,521‌

$

337,465‌

Private

Equity

-

5

.99

%

Brookfield

Asset

Management

Inc

(e)

10,729,944‌

434,455‌

KKR

&

Co

Inc

1,390,772‌

52,752‌

$

487,207‌

REITs

-

3

.96

%

American

Tower

Corp

1,394,142‌

322,326‌

Retail

-

4

.00

%

CarMax

Inc

(d)

596,084‌

55,722‌

Costco

Wholesale

Corp

171,531‌

67,201‌

O'Reilly

Automotive

Inc

(d)

131,606‌

58,228‌

Starbucks

Corp

1,466,040‌

143,701‌

$

324,852‌

Semiconductors

-

1

.63

%

NVIDIA

Corp

246,732‌

132,263‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Software

-

21

.28

%

Adobe

Inc

(d)

726,920‌

$

347,809‌

Autodesk

Inc

(d)

478,453‌

134,077‌

Intuit

Inc

1,030,191‌

362,648‌

Microsoft

Corp

2,843,852‌

608,783‌

salesforce.com

Inc

(d)

1,123,580‌

276,176‌

Snowflake

Inc

-

Class

A

(d)

3,725‌

1,214‌

$

1,730,707‌

TOTAL

COMMON

STOCKS

$

8,129,082‌

Total

Investments

$

8,151,363‌

Other

Assets

and

Liabilities

-  (0.25)%

(

19,982‌

)

TOTAL

NET

ASSETS

-

100.00%

$

8,131,381‌

(a)

Current

yield

shown

is

as

of

period

end.

(b)

Security

or

a

portion

of

the

security

was

received

as

collateral

for

securities

lending.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$22,277

or

0.27%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940)

or

an

affiliate

as

defined

by

the

Investment

Company

Act

of

1940

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(d)

Non-income

producing

security

(e)

Security

or

a

portion

of

the

security

was

on

loan

at

the

end

of

the

period.

Portfolio

Summary  (unaudited)

Sector

Percent

Communications

27

.01‌

%

Financial

23

.30‌

%

Technology

22

.91‌

%

Consumer,

Non-cyclical

11

.76‌

%

Industrial

6

.34‌

%

Consumer,

Cyclical

5

.90‌

%

Basic

Materials

2

.75‌

%

Money

Market

Funds

0

.28‌

%

Other

Assets

and

Liabilities

(

0

.25‌

)

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

Blue

Chip

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

2

Affiliated

Securities

August

31,

2020

Purchases

Sales

November

30,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

11,250‌

$

217,532‌

$

218,078‌

$

10,704‌

$

11,250‌

$

217,532‌

$

218,078‌

$

10,704‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

3

INVESTMENT

COMPANIES

-

5

.86

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

5

.86

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.04%

(a),(b)

1,122,109‌

$

1,122‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(c),(d)

49,936,510‌

49,937‌

$

51,059‌

TOTAL

INVESTMENT

COMPANIES

$

51,059‌

BONDS

-

31

.84

%

Principal

Amount

(000's)

Value

(000's)

Advertising

-

0

.04

%

Interpublic

Group

of

Cos

Inc/The

4.20%,

04/15/2024

$

50‌

$

55‌

Omnicom

Group

Inc

2.45%,

04/30/2030

155‌

165‌

Omnicom

Group

Inc

/

Omnicom

Capital

Inc

3.63%,

05/01/2022

75‌

78‌

WPP

Finance

2010

3.75%,

09/19/2024

75‌

83‌

$

381‌

Aerospace

&

Defense

-

0

.56

%

Boeing

Co/The

2.70%,

02/01/2027

110‌

111‌

2.75%,

02/01/2026

85‌

87‌

2.80%,

03/01/2024

200‌

207‌

2.95%,

02/01/2030

140‌

141‌

3.25%,

02/01/2028

85‌

89‌

3.50%,

03/01/2039

200‌

196‌

3.63%,

02/01/2031

85‌

90‌

3.95%,

08/01/2059

290‌

295‌

4.51%,

05/01/2023

630‌

674‌

5.04%,

05/01/2027

315‌

361‌

5.71%,

05/01/2040

120‌

152‌

5.81%,

05/01/2050

155‌

205‌

5.88%,

02/15/2040

100‌

123‌

General

Dynamics

Corp

3.25%,

04/01/2025

80‌

88‌

3.50%,

05/15/2025

235‌

263‌

4.25%,

04/01/2040

155‌

204‌

L3Harris

Technologies

Inc

1.80%,

01/15/2031

35‌

36‌

Lockheed

Martin

Corp

4.07%,

12/15/2042

105‌

137‌

4.09%,

09/15/2052

162‌

221‌

4.70%,

05/15/2046

75‌

106‌

Northrop

Grumman

Corp

3.20%,

02/01/2027

130‌

145‌

Raytheon

Technologies

Corp

3.20%,

03/15/2024

(e)

75‌

81‌

4.13%,

11/16/2028

270‌

322‌

4.70%,

12/15/2041

(e)

350‌

441‌

6.13%,

07/15/2038

46‌

69‌

$

4,844‌

Agriculture

-

0

.26

%

Altria

Group

Inc

2.35%,

05/06/2025

65‌

69‌

3.40%,

05/06/2030

125‌

139‌

5.38%,

01/31/2044

25‌

32‌

BAT

Capital

Corp

2.26%,

03/25/2028

150‌

155‌

2.73%,

03/25/2031

150‌

154‌

2.79%,

09/06/2024

210‌

224‌

3.46%,

09/06/2029

210‌

230‌

3.98%,

09/25/2050

150‌

158‌

BAT

International

Finance

PLC

1.67%,

03/25/2026

150‌

153‌

Philip

Morris

International

Inc

0.88%,

05/01/2026

85‌

85‌

1.75%,

11/01/2030

85‌

85‌

2.38%,

08/17/2022

90‌

93‌

4.13%,

03/04/2043

300‌

359‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Agriculture

(continued)

Reynolds

American

Inc

4.45%,

06/12/2025

$

220‌

$

251‌

5.70%,

08/15/2035

50‌

63‌

5.85%,

08/15/2045

50‌

64‌

$

2,314‌

Airlines

-

0

.08

%

American

Airlines

2019-1

Class

AA

Pass

Through

Trust

3.15%,

08/15/2033

135‌

129‌

Delta

Air

Lines

2020-1

Class

AA

Pass

Through

Trust

2.00%,

06/10/2028

310‌

307‌

Southwest

Airlines

Co

3.00%,

11/15/2026

80‌

83‌

5.25%,

05/04/2025

130‌

148‌

United

Airlines

2019-2

Class

AA

Pass

Through

Trust

2.70%,

11/01/2033

69‌

65‌

$

732‌

Apparel

-

0

.04

%

NIKE

Inc

2.40%,

03/27/2025

155‌

166‌

3.25%,

03/27/2040

155‌

182‌

$

348‌

Automobile

Manufacturers

-

0

.62

%

American

Honda

Finance

Corp

0.65%,

09/08/2023

150‌

151‌

1.20%,

07/08/2025

160‌

163‌

1.95%,

05/20/2022

150‌

154‌

1.95%,

05/10/2023

155‌

161‌

Cummins

Inc

4.88%,

10/01/2043

25‌

35‌

General

Motors

Co

4.88%,

10/02/2023

80‌

88‌

5.15%,

04/01/2038

160‌

191‌

5.20%,

04/01/2045

85‌

103‌

5.40%,

04/01/2048

65‌

82‌

6.25%,

10/02/2043

75‌

101‌

General

Motors

Financial

Co

Inc

1.70%,

08/18/2023

320‌

327‌

3.45%,

01/14/2022

1,000‌

1,027‌

3.45%,

04/10/2022

50‌

52‌

3.55%,

07/08/2022

935‌

977‌

4.00%,

10/06/2026

75‌

84‌

PACCAR

Financial

Corp

0.35%,

08/11/2023

160‌

160‌

1.80%,

02/06/2025

100‌

105‌

Toyota

Motor

Credit

Corp

0.35%,

10/14/2022

95‌

95‌

0.50%,

08/14/2023

160‌

161‌

0.80%,

10/16/2025

55‌

55‌

1.15%,

05/26/2022

155‌

157‌

1.15%,

08/13/2027

160‌

160‌

1.80%,

02/13/2025

155‌

162‌

2.00%,

10/07/2024

145‌

152‌

3.30%,

01/12/2022

500‌

516‌

$

5,419‌

Automobile

Parts

&

Equipment

-

0

.04

%

BorgWarner

Inc

4.38%,

03/15/2045

300‌

346‌

Banks

-

5

.51

%

Banco

Santander

SA

2.75%,

05/28/2025

200‌

213‌

3.49%,

05/28/2030

200‌

223‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

4

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Bank

of

America

Corp

0.81%,

10/24/2024

(f)

$

205‌

$

206‌

United

States

Secured

Overnight

Financing

Rate

+

0.74%

0.98%,

09/25/2025

(f)

150‌

151‌

United

States

Secured

Overnight

Financing

Rate

+

0.91%

1.32%,

06/19/2026

(f)

310‌

314‌

United

States

Secured

Overnight

Financing

Rate

+

1.15%

1.90%,

07/23/2031

(f)

250‌

252‌

United

States

Secured

Overnight

Financing

Rate

+

1.53%

1.92%,

10/24/2031

(f)

205‌

207‌

United

States

Secured

Overnight

Financing

Rate

+

1.37%

2.02%,

02/13/2026

(f)

365‌

381‌

3

Month

USD

LIBOR

+

0.64%

2.46%,

10/22/2025

(f)

300‌

318‌

3

Month

USD

LIBOR

+

0.87%

2.50%,

10/21/2022

75‌

76‌

2.68%,

06/19/2041

(f)

465‌

483‌

United

States

Secured

Overnight

Financing

Rate

+

1.93%

2.82%,

07/21/2023

(f)

75‌

78‌

3

Month

USD

LIBOR

+

0.93%

2.83%,

10/24/2051

(f)

75‌

79‌

United

States

Secured

Overnight

Financing

Rate

+

1.88%

2.88%,

04/24/2023

(f)

110‌

114‌

3

Month

USD

LIBOR

+

1.02%

3.25%,

10/21/2027

350‌

389‌

3.46%,

03/15/2025

(f)

500‌

542‌

3

Month

USD

LIBOR

+

0.97%

3.86%,

07/23/2024

(f)

200‌

217‌

3

Month

USD

LIBOR

+

0.94%

3.95%,

01/23/2049

(f)

110‌

139‌

3

Month

USD

LIBOR

+

1.19%

3.97%,

03/05/2029

(f)

75‌

87‌

3

Month

USD

LIBOR

+

1.07%

4.00%,

01/22/2025

90‌

101‌

4.10%,

07/24/2023

75‌

82‌

4.33%,

03/15/2050

(f)

255‌

337‌

3

Month

USD

LIBOR

+

1.52%

5.00%,

01/21/2044

75‌

107‌

5.70%,

01/24/2022

75‌

80‌

5.88%,

02/07/2042

60‌

93‌

6.11%,

01/29/2037

250‌

367‌

Bank

of

Montreal

1.85%,

05/01/2025

160‌

168‌

2.55%,

11/06/2022

75‌

78‌

3.30%,

02/05/2024

350‌

379‌

Bank

of

New

York

Mellon

Corp/The

0.35%,

12/07/2023

(g),(h)

245‌

245‌

Bank

of

Nova

Scotia/The

0.55%,

09/15/2023

150‌

151‌

1.30%,

06/11/2025

155‌

158‌

2.00%,

11/15/2022

150‌

155‌

2.70%,

03/07/2022

145‌

150‌

4.50%,

12/16/2025

60‌

69‌

Barclays

PLC

2.65%,

06/24/2031

(f)

310‌

322‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

1

Year

+

1.90%

2.85%,

05/07/2026

(f)

200‌

213‌

3

Month

USD

LIBOR

+

2.45%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Barclays

PLC  

(continued)

3.56%,

09/23/2035

(f)

$

200‌

$

209‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.90%

3.68%,

01/10/2023

200‌

206‌

4.38%,

01/12/2026

380‌

434‌

4.97%,

05/16/2029

(f)

200‌

240‌

3

Month

USD

LIBOR

+

1.90%

Canadian

Imperial

Bank

of

Commerce

2.61%,

07/22/2023

(f)

220‌

228‌

3

Month

USD

LIBOR

+

0.79%

Citigroup

Inc

0.78%,

10/30/2024

(f)

130‌

130‌

United

States

Secured

Overnight

Financing

Rate

+

0.69%

1.68%,

05/15/2024

(f)

155‌

159‌

United

States

Secured

Overnight

Financing

Rate

+

1.67%

2.57%,

06/03/2031

(f)

310‌

329‌

United

States

Secured

Overnight

Financing

Rate

+

2.11%

2.75%,

04/25/2022

425‌

438‌

2.90%,

12/08/2021

385‌

394‌

2.98%,

11/05/2030

(f)

150‌

164‌

United

States

Secured

Overnight

Financing

Rate

+

1.42%

3.52%,

10/27/2028

(f)

125‌

141‌

3

Month

USD

LIBOR

+

1.15%

3.70%,

01/12/2026

110‌

125‌

3.88%,

01/24/2039

(f)

220‌

264‌

3

Month

USD

LIBOR

+

1.17%

4.13%,

07/25/2028

110‌

128‌

4.30%,

11/20/2026

75‌

87‌

4.45%,

09/29/2027

75‌

88‌

4.65%,

07/30/2045

115‌

156‌

6.68%,

09/13/2043

360‌

584‌

Cooperatieve

Rabobank

UA

5.25%,

05/24/2041

185‌

273‌

Deutsche

Bank

AG/New

York

NY

2.22%,

09/18/2024

(f)

150‌

153‌

United

States

Secured

Overnight

Financing

Rate

+

2.16%

3.95%,

02/27/2023

100‌

106‌

4.10%,

01/13/2026

750‌

826‌

Fifth

Third

Bank

NA

1.80%,

01/30/2023

250‌

257‌

Goldman

Sachs

Group

Inc/The

0.63%,

11/17/2023

(f)

115‌

115‌

United

States

Secured

Overnight

Financing

Rate

+

0.54%

3.27%,

09/29/2025

(f)

75‌

82‌

3

Month

USD

LIBOR

+

1.20%

3.63%,

01/22/2023

335‌

357‌

3.75%,

02/25/2026

75‌

85‌

3.81%,

04/23/2029

(f)

75‌

87‌

3

Month

USD

LIBOR

+

1.16%

3.85%,

01/26/2027

110‌

126‌

4.41%,

04/23/2039

(f)

175‌

224‌

3

Month

USD

LIBOR

+

1.43%

4.75%,

10/21/2045

150‌

210‌

6.25%,

02/01/2041

220‌

347‌

6.75%,

10/01/2037

210‌

322‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

5

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

HSBC

Holdings

PLC

1.65%,

04/18/2026

(f)

$

240‌

$

243‌

United

States

Secured

Overnight

Financing

Rate

+

1.54%

2.01%,

09/22/2028

(f)

300‌

305‌

United

States

Secured

Overnight

Financing

Rate

+

1.73%

2.10%,

06/04/2026

(f)

310‌

320‌

United

States

Secured

Overnight

Financing

Rate

+

1.93%

2.36%,

08/18/2031

(f)

200‌

205‌

United

States

Secured

Overnight

Financing

Rate

+

1.95%

2.63%,

11/07/2025

(f)

225‌

237‌

3

Month

USD

LIBOR

+

1.14%

2.85%,

06/04/2031

(f)

200‌

213‌

United

States

Secured

Overnight

Financing

Rate

+

2.39%

3.26%,

03/13/2023

(f)

500‌

517‌

3

Month

USD

LIBOR

+

1.06%

3.90%,

05/25/2026

500‌

566‌

3.97%,

05/22/2030

(f)

300‌

346‌

3

Month

USD

LIBOR

+

1.61%

4.58%,

06/19/2029

(f)

240‌

283‌

3

Month

USD

LIBOR

+

1.53%

6.50%,

09/15/2037

100‌

144‌

HSBC

USA

Inc

3.50%,

06/23/2024

500‌

544‌

Huntington

National

Bank/The

1.80%,

02/03/2023

325‌

335‌

ING

Groep

NV

3.15%,

03/29/2022

400‌

414‌

3.55%,

04/09/2024

300‌

327‌

4.55%,

10/02/2028

300‌

366‌

JPMorgan

Chase

&

Co

0.65%,

09/16/2024

(f)

195‌

196‌

United

States

Secured

Overnight

Financing

Rate

+

0.60%

1.05%,

11/19/2026

(f)

135‌

136‌

United

States

Secured

Overnight

Financing

Rate

+

0.80%

1.51%,

06/01/2024

(f)

220‌

225‌

United

States

Secured

Overnight

Financing

Rate

+

1.46%

1.76%,

11/19/2031

(f)

135‌

136‌

United

States

Secured

Overnight

Financing

Rate

+

1.11%

2.00%,

03/13/2026

(f)

155‌

162‌

United

States

Secured

Overnight

Financing

Rate

+

1.59%

2.08%,

04/22/2026

(f)

145‌

152‌

United

States

Secured

Overnight

Financing

Rate

+

1.85%

2.18%,

06/01/2028

(f)

220‌

231‌

United

States

Secured

Overnight

Financing

Rate

+

1.89%

2.30%,

10/15/2025

(f)

320‌

338‌

United

States

Secured

Overnight

Financing

Rate

+

1.16%

2.53%,

11/19/2041

(f)

65‌

66‌

United

States

Secured

Overnight

Financing

Rate

+

1.51%

2.78%,

04/25/2023

(f)

250‌

258‌

3

Month

USD

LIBOR

+

0.94%

2.96%,

05/13/2031

(f)

95‌

104‌

United

States

Secured

Overnight

Financing

Rate

+

2.52%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

JPMorgan

Chase

&

Co  

(continued)

3.11%,

04/22/2041

(f)

$

235‌

$

262‌

United

States

Secured

Overnight

Financing

Rate

+

2.46%

3.11%,

04/22/2051

(f)

235‌

263‌

United

States

Secured

Overnight

Financing

Rate

+

2.44%

3.21%,

04/01/2023

(f)

500‌

518‌

3

Month

USD

LIBOR

+

0.70%

3.51%,

01/23/2029

(f)

200‌

227‌

3

Month

USD

LIBOR

+

0.95%

3.56%,

04/23/2024

(f)

75‌

80‌

3

Month

USD

LIBOR

+

0.73%

3.80%,

07/23/2024

(f)

180‌

195‌

3

Month

USD

LIBOR

+

0.89%

3.88%,

02/01/2024

85‌

94‌

3.88%,

09/10/2024

75‌

84‌

4.01%,

04/23/2029

(f)

350‌

410‌

3

Month

USD

LIBOR

+

1.12%

4.20%,

07/23/2029

(f)

230‌

273‌

3

Month

USD

LIBOR

+

1.26%

5.60%,

07/15/2041

370‌

565‌

KeyCorp

2.25%,

04/06/2027

110‌

117‌

Korea

Development

Bank/The

0.80%,

04/27/2026

200‌

200‌

Kreditanstalt

fuer

Wiederaufbau

0.00%,

04/18/2036

(d)

260‌

210‌

0.25%,

10/19/2023

305‌

305‌

0.38%,

07/18/2025

315‌

314‌

2.13%,

01/17/2023

775‌

806‌

2.38%,

12/29/2022

440‌

460‌

2.50%,

11/20/2024

500‌

543‌

3.13%,

12/15/2021

750‌

773‌

Landwirtschaftliche

Rentenbank

2.38%,

06/10/2025

230‌

250‌

Lloyds

Banking

Group

PLC

4.58%,

12/10/2025

575‌

647‌

4.65%,

03/24/2026

475‌

542‌

Mitsubishi

UFJ

Financial

Group

Inc

1.41%,

07/17/2025

200‌

204‌

2.19%,

02/25/2025

200‌

211‌

2.62%,

07/18/2022

400‌

414‌

2.80%,

07/18/2024

200‌

214‌

3.20%,

07/18/2029

200‌

225‌

3.75%,

07/18/2039

200‌

241‌

Mizuho

Financial

Group

Inc

1.24%,

07/10/2024

(f)

200‌

203‌

3

Month

USD

LIBOR

+

0.99%

2.20%,

07/10/2031

(f)

200‌

207‌

3

Month

USD

LIBOR

+

1.51%

2.23%,

05/25/2026

(f)

200‌

210‌

3

Month

USD

LIBOR

+

0.83%

2.72%,

07/16/2023

(f)

200‌

207‌

3

Month

USD

LIBOR

+

0.84%

2.84%,

07/16/2025

(f)

200‌

213‌

3

Month

USD

LIBOR

+

0.98%

Morgan

Stanley

0.56%,

11/10/2023

(f)

135‌

135‌

United

States

Secured

Overnight

Financing

Rate

+

0.47%

1.79%,

02/13/2032

(f)

135‌

136‌

United

States

Secured

Overnight

Financing

Rate

+

1.03%

2.72%,

07/22/2025

(f)

255‌

273‌

United

States

Secured

Overnight

Financing

Rate

+

1.15%

2.75%,

05/19/2022

360‌

372‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

6

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Morgan

Stanley  

(continued)

3.13%,

01/23/2023

$

220‌

$

232‌

3.59%,

07/22/2028

(f)

90‌

102‌

3

Month

USD

LIBOR

+

1.34%

3.63%,

01/20/2027

95‌

109‌

3.75%,

02/25/2023

150‌

161‌

3.88%,

04/29/2024

75‌

83‌

3.95%,

04/23/2027

60‌

69‌

4.00%,

07/23/2025

25‌

29‌

4.30%,

01/27/2045

320‌

435‌

5.00%,

11/24/2025

75‌

89‌

6.38%,

07/24/2042

315‌

516‌

MUFG

Union

Bank

NA

3.15%,

04/01/2022

500‌

517‌

National

Australia

Bank

Ltd/New

York

1.88%,

12/13/2022

250‌

258‌

Natwest

Group

PLC

3.50%,

05/15/2023

(f)

400‌

416‌

3

Month

USD

LIBOR

+

1.48%

5.08%,

01/27/2030

(f)

400‌

491‌

3

Month

USD

LIBOR

+

1.91%

6.00%,

12/19/2023

475‌

539‌

Oesterreichische

Kontrollbank

AG

0.38%,

09/17/2025

305‌

303‌

PNC

Bank

NA

1.74%,

02/24/2023

(f)

250‌

254‌

3

Month

USD

LIBOR

+

0.00%

PNC

Financial

Services

Group

Inc/The

2.20%,

11/01/2024

120‌

127‌

2.60%,

07/23/2026

110‌

121‌

Royal

Bank

of

Canada

0.50%,

10/26/2023

100‌

100‌

1.95%,

01/17/2023

265‌

274‌

Santander

Holdings

USA

Inc

3.40%,

01/18/2023

75‌

79‌

3.70%,

03/28/2022

75‌

78‌

Santander

UK

Group

Holdings

PLC

1.53%,

08/21/2026

(f)

200‌

201‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

1

Year

+

1.25%

3.57%,

01/10/2023

500‌

515‌

Santander

UK

PLC

2.10%,

01/13/2023

470‌

486‌

State

Street

Corp

2.35%,

11/01/2025

(f)

110‌

117‌

United

States

Secured

Overnight

Financing

Rate

+

0.94%

3.10%,

05/15/2023

50‌

53‌

3.30%,

12/16/2024

75‌

83‌

3.70%,

11/20/2023

75‌

83‌

Sumitomo

Mitsui

Financial

Group

Inc

1.47%,

07/08/2025

200‌

205‌

2.13%,

07/08/2030

200‌

208‌

2.14%,

09/23/2030

150‌

151‌

2.35%,

01/15/2025

200‌

212‌

2.78%,

07/12/2022

390‌

405‌

3.01%,

10/19/2026

75‌

83‌

3.04%,

07/16/2029

200‌

222‌

3.45%,

01/11/2027

165‌

185‌

Toronto-Dominion

Bank/The

0.45%,

09/11/2023

240‌

240‌

0.75%,

06/12/2023

125‌

126‌

1.15%,

06/12/2025

125‌

128‌

Truist

Bank

1.25%,

03/09/2023

250‌

255‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Truist

Financial

Corp

1.20%,

08/05/2025

(i)

$

60‌

$

61‌

1.95%,

06/05/2030

60‌

63‌

4.00%,

05/01/2025

75‌

85‌

US

Bancorp

1.38%,

07/22/2030

110‌

110‌

2.40%,

07/30/2024

190‌

202‌

3.00%,

03/15/2022

50‌

52‌

Wells

Fargo

&

Co

1.65%,

06/02/2024

(f)

220‌

225‌

United

States

Secured

Overnight

Financing

Rate

+

1.60%

2.19%,

04/30/2026

(f)

485‌

508‌

United

States

Secured

Overnight

Financing

Rate

+

2.00%

2.39%,

06/02/2028

(f)

220‌

232‌

United

States

Secured

Overnight

Financing

Rate

+

2.10%

3.07%,

04/30/2041

(f)

485‌

528‌

United

States

Secured

Overnight

Financing

Rate

+

2.53%

3.55%,

09/29/2025

75‌

84‌

3.58%,

05/22/2028

(f)

375‌

424‌

3

Month

USD

LIBOR

+

1.31%

4.75%,

12/07/2046

250‌

333‌

4.90%,

11/17/2045

75‌

100‌

5.38%,

11/02/2043

185‌

262‌

Westpac

Banking

Corp

2.00%,

01/13/2023

155‌

161‌

2.35%,

02/19/2025

150‌

160‌

2.89%,

02/04/2030

(f)

155‌

161‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

1.35%

4.11%,

07/24/2034

(f)

145‌

165‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.00%

$

48,026‌

Beverages

-

0

.53

%

Anheuser-Busch

InBev

Finance

Inc

4.63%,

02/01/2044

75‌

94‌

Anheuser-Busch

InBev

Worldwide

Inc

3.50%,

06/01/2030

130‌

151‌

4.35%,

06/01/2040

130‌

161‌

4.50%,

06/01/2050

130‌

163‌

4.60%,

04/15/2048

35‌

44‌

4.75%,

04/15/2058

75‌

99‌

4.95%,

01/15/2042

25‌

33‌

5.45%,

01/23/2039

200‌

272‌

5.80%,

01/23/2059

210‌

320‌

8.20%,

01/15/2039

60‌

103‌

Coca-Cola

Co/The

1.00%,

03/15/2028

265‌

265‌

1.75%,

09/06/2024

140‌

147‌

2.50%,

06/01/2040

140‌

151‌

2.50%,

03/15/2051

115‌

120‌

2.60%,

06/01/2050

140‌

148‌

Constellation

Brands

Inc

3.15%,

08/01/2029

90‌

100‌

Diageo

Capital

PLC

2.13%,

10/24/2024

200‌

211‌

Fomento

Economico

Mexicano

SAB

de

CV

3.50%,

01/16/2050

160‌

176‌

Keurig

Dr

Pepper

Inc

4.42%,

05/25/2025

75‌

87‌

4.99%,

05/25/2038

250‌

334‌

Molson

Coors

Beverage

Co

3.00%,

07/15/2026

105‌

114‌

4.20%,

07/15/2046

250‌

289‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

7

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Beverages

(continued)

PepsiCo

Inc

0.40%,

10/07/2023

$

100‌

$

100‌

0.75%,

05/01/2023

95‌

96‌

1.40%,

02/25/2031

130‌

131‌

2.75%,

03/05/2022

355‌

368‌

2.75%,

03/01/2023

75‌

79‌

2.85%,

02/24/2026

90‌

100‌

2.88%,

10/15/2049

145‌

162‌

$

4,618‌

Biotechnology

-

0

.38

%

Amgen

Inc

2.25%,

08/19/2023

60‌

63‌

2.45%,

02/21/2030

155‌

166‌

2.65%,

05/11/2022

50‌

51‌

3.15%,

02/21/2040

155‌

168‌

3.38%,

02/21/2050

155‌

172‌

3.88%,

11/15/2021

414‌

424‌

5.15%,

11/15/2041

113‌

157‌

Biogen

Inc

4.05%,

09/15/2025

160‌

183‌

5.20%,

09/15/2045

30‌

40‌

Gilead

Sciences

Inc

1.65%,

10/01/2030

150‌

150‌

1.95%,

03/01/2022

300‌

306‌

2.60%,

10/01/2040

75‌

76‌

2.80%,

10/01/2050

150‌

150‌

2.95%,

03/01/2027

240‌

265‌

3.50%,

02/01/2025

75‌

83‌

3.65%,

03/01/2026

75‌

85‌

4.15%,

03/01/2047

25‌

31‌

Regeneron

Pharmaceuticals

Inc

1.75%,

09/15/2030

160‌

157‌

Royalty

Pharma

PLC

0.75%,

09/02/2023

(e)

155‌

156‌

1.75%,

09/02/2027

(e)

155‌

157‌

2.20%,

09/02/2030

(e)

155‌

157‌

3.30%,

09/02/2040

(e)

155‌

162‌

$

3,359‌

Building

Materials

-

0

.18

%

Carrier

Global

Corp

1.92%,

02/15/2023

(e)

155‌

159‌

2.24%,

02/15/2025

(e)

155‌

163‌

2.49%,

02/15/2027

(e)

155‌

166‌

3.38%,

04/05/2040

(e)

155‌

171‌

3.58%,

04/05/2050

(e)

155‌

175‌

Johnson

Controls

International

plc

5.13%,

09/14/2045

47‌

64‌

Martin

Marietta

Materials

Inc

2.50%,

03/15/2030

155‌

163‌

Owens

Corning

4.30%,

07/15/2047

150‌

178‌

Vulcan

Materials

Co

3.50%,

06/01/2030

295‌

337‌

$

1,576‌

Chemicals

-

0

.40

%

Dow

Chemical

Co/The

2.10%,

11/15/2030

160‌

164‌

3.50%,

10/01/2024

250‌

274‌

3.60%,

11/15/2050

160‌

178‌

DuPont

de

Nemours

Inc

4.21%,

11/15/2023

50‌

55‌

5.32%,

11/15/2038

145‌

198‌

5.42%,

11/15/2048

185‌

267‌

Eastman

Chemical

Co

4.65%,

10/15/2044

75‌

96‌

Ecolab

Inc

1.30%,

01/30/2031

150‌

149‌

2.13%,

08/15/2050

150‌

144‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Chemicals

(continued)

Linde

Inc/CT

1.10%,

08/10/2030

$

160‌

$

158‌

2.20%,

08/15/2022

350‌

360‌

LYB

International

Finance

II

BV

3.50%,

03/02/2027

300‌

335‌

LYB

International

Finance

III

LLC

1.25%,

10/01/2025

65‌

66‌

2.25%,

10/01/2030

130‌

133‌

3.63%,

04/01/2051

130‌

140‌

4.20%,

10/15/2049

160‌

187‌

Mosaic

Co/The

4.25%,

11/15/2023

300‌

327‌

5.63%,

11/15/2043

25‌

31‌

Nutrien

Ltd

1.90%,

05/13/2023

95‌

98‌

3.00%,

04/01/2025

150‌

162‌

$

3,522‌

Commercial

Mortgage

Backed

Securities

-

0

.93

%

Citigroup

Commercial

Mortgage

Trust

2013-GC15

4.37%,

09/10/2046

(j)

500‌

546‌

COMM

2012-CCRE4

Mortgage

Trust

3.25%,

10/15/2045

500‌

503‌

COMM

2015-PC1

Mortgage

Trust

3.90%,

07/10/2050

885‌

980‌

Fannie

Mae-Aces

2.51%,

11/25/2022

(j)

749‌

768‌

3.08%,

12/25/2027

(j)

1,000‌

1,132‌

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

2.87%,

12/25/2021

313‌

319‌

3.17%,

10/25/2024

1,000‌

1,095‌

3.21%,

03/25/2025

1,248‌

1,378‌

GS

Mortgage

Securities

Trust

2011-GC5

3.71%,

08/10/2044

375‌

377‌

JPMBB

Commercial

Mortgage

Securities

Trust

2014-C19

3.67%,

04/15/2047

500‌

504‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2015-C21

3.15%,

03/15/2048

496‌

518‌

$

8,120‌

Commercial

Services

-

0

.26

%

California

Institute

of

Technology

4.32%,

08/01/2045

50‌

66‌

Global

Payments

Inc

2.65%,

02/15/2025

140‌

150‌

3.20%,

08/15/2029

140‌

155‌

4.15%,

08/15/2049

70‌

86‌

IHS

Markit

Ltd

3.63%,

05/01/2024

223‌

243‌

Massachusetts

Institute

of

Technology

3.96%,

07/01/2038

185‌

227‌

4.68%,

07/01/2114

100‌

146‌

Moody's

Corp

2.55%,

08/18/2060

160‌

151‌

5.25%,

07/15/2044

90‌

124‌

PayPal

Holdings

Inc

1.35%,

06/01/2023

155‌

159‌

2.20%,

09/26/2022

145‌

150‌

2.40%,

10/01/2024

145‌

154‌

2.85%,

10/01/2029

145‌

161‌

S&P

Global

Inc

1.25%,

08/15/2030

160‌

158‌

2.50%,

12/01/2029

55‌

60‌

3.25%,

12/01/2049

55‌

64‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

8

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Services

(continued)

University

of

Southern

California

5.25%,

10/01/2111

$

20‌

$

31‌

$

2,285‌

Computers

-

0

.68

%

Apple

Inc

2.40%,

01/13/2023

75‌

78‌

2.40%,

05/03/2023

75‌

79‌

2.40%,

08/20/2050

210‌

217‌

2.50%,

02/09/2022

105‌

108‌

2.55%,

08/20/2060

105‌

108‌

2.95%,

09/11/2049

140‌

160‌

3.20%,

05/11/2027

110‌

125‌

3.75%,

11/13/2047

195‌

249‌

4.38%,

05/13/2045

80‌

111‌

4.65%,

02/23/2046

170‌

245‌

Dell

International

LLC

/

EMC

Corp

4.00%,

07/15/2024

(e)

300‌

330‌

5.30%,

10/01/2029

(e)

300‌

363‌

5.45%,

06/15/2023

(e)

105‌

116‌

6.02%,

06/15/2026

(e)

300‌

364‌

8.35%,

07/15/2046

(e)

105‌

153‌

DXC

Technology

Co

4.75%,

04/15/2027

100‌

113‌

Hewlett

Packard

Enterprise

Co

1.45%,

04/01/2024

455‌

465‌

2.25%,

04/01/2023

140‌

145‌

4.45%,

10/02/2023

160‌

176‌

4.90%,

10/15/2025

200‌

233‌

6.20%,

10/15/2035

75‌

96‌

HP

Inc

3.00%,

06/17/2027

140‌

153‌

6.00%,

09/15/2041

355‌

458‌

International

Business

Machines

Corp

2.50%,

01/27/2022

500‌

513‌

3.50%,

05/15/2029

160‌

185‌

4.15%,

05/15/2039

195‌

250‌

4.70%,

02/19/2046

145‌

201‌

NetApp

Inc

2.38%,

06/22/2027

155‌

164‌

$

5,958‌

Consumer

Products

-

0

.03

%

Church

&

Dwight

Co

Inc

3.95%,

08/01/2047

200‌

248‌

Kimberly-Clark

Corp

2.40%,

03/01/2022

30‌

31‌

$

279‌

Cosmetics

&

Personal

Care

-

0

.12

%

Procter

&

Gamble

Co/The

0.55%,

10/29/2025

180‌

181‌

1.20%,

10/29/2030

280‌

282‌

3.55%,

03/25/2040

155‌

196‌

Unilever

Capital

Corp

1.38%,

09/14/2030

150‌

151‌

2.60%,

05/05/2024

200‌

213‌

$

1,023‌

Credit

Card

Asset

Backed

Securities

-

0

.26

%

BA

Credit

Card

Trust

2.70%,

07/17/2023

1,675‌

1,684‌

Citibank

Credit

Card

Issuance

Trust

2.88%,

01/23/2023

605‌

607‌

$

2,291‌

Diversified

Financial

Services

-

0

.72

%

AerCap

Ireland

Capital

DAC

/

AerCap

Global

Aviation

Trust

2.88%,

08/14/2024

225‌

230‌

3.95%,

02/01/2022

200‌

205‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Diversified

Financial

Services

(continued)

Air

Lease

Corp

2.25%,

01/15/2023

$

195‌

$

200‌

2.30%,

02/01/2025

585‌

593‌

Ally

Financial

Inc

8.00%,

11/01/2031

170‌

244‌

American

Express

Co

2.50%,

07/30/2024

220‌

234‌

2.65%,

12/02/2022

75‌

78‌

2.75%,

05/20/2022

300‌

310‌

American

Express

Credit

Corp

2.70%,

03/03/2022

75‌

77‌

BlackRock

Inc

3.38%,

06/01/2022

30‌

31‌

Brookfield

Finance

Inc

3.50%,

03/30/2051

150‌

162‌

Capital

One

Financial

Corp

3.20%,

02/05/2025

60‌

65‌

3.30%,

10/30/2024

75‌

82‌

CME

Group

Inc

3.00%,

09/15/2022

50‌

52‌

Discover

Financial

Services

4.10%,

02/09/2027

75‌

85‌

GE

Capital

International

Funding

Co

Unlimited

Co

4.42%,

11/15/2035

315‌

363‌

Intercontinental

Exchange

Inc

0.70%,

06/15/2023

160‌

162‌

1.85%,

09/15/2032

120‌

121‌

2.65%,

09/15/2040

160‌

165‌

3.00%,

09/15/2060

160‌

169‌

3.75%,

12/01/2025

75‌

85‌

Legg

Mason

Inc

5.63%,

01/15/2044

25‌

36‌

Mastercard

Inc

3.35%,

03/26/2030

75‌

88‌

3.38%,

04/01/2024

150‌

165‌

Nomura

Holdings

Inc

1.85%,

07/16/2025

315‌

325‌

2.68%,

07/16/2030

315‌

333‌

Synchrony

Financial

4.25%,

08/15/2024

290‌

319‌

4.50%,

07/23/2025

575‌

647‌

Visa

Inc

1.10%,

02/15/2031

160‌

157‌

1.90%,

04/15/2027

80‌

85‌

2.00%,

08/15/2050

160‌

153‌

2.70%,

04/15/2040

155‌

172‌

2.80%,

12/14/2022

75‌

79‌

$

6,272‌

Electric

-

2

.09

%

AEP

Texas

Inc

2.10%,

07/01/2030

160‌

168‌

3.45%,

01/15/2050

50‌

57‌

AES

Corp/The

2.45%,

01/15/2031

(e),(g)

60‌

61‌

Alabama

Power

Co

1.45%,

09/15/2030

155‌

158‌

Ameren

Illinois

Co

1.55%,

11/15/2030

65‌

66‌

3.25%,

03/15/2050

75‌

87‌

American

Electric

Power

Co

Inc

1.00%,

11/01/2025

15‌

15‌

2.30%,

03/01/2030

155‌

162‌

Arizona

Public

Service

Co

2.60%,

08/15/2029

90‌

97‌

2.65%,

09/15/2050

150‌

157‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

9

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Electric

(continued)

Berkshire

Hathaway

Energy

Co

1.65%,

05/15/2031

(e)

$

65‌

$

65‌

2.85%,

05/15/2051

(e)

85‌

90‌

3.80%,

07/15/2048

125‌

153‌

CenterPoint

Energy

Inc

2.95%,

03/01/2030

100‌

109‌

3.70%,

09/01/2049

60‌

69‌

CMS

Energy

Corp

3.75%,

12/01/2050

(f)

60‌

61‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.90%

Commonwealth

Edison

Co

3.00%,

03/01/2050

155‌

171‌

4.70%,

01/15/2044

150‌

204‌

Connecticut

Light

and

Power

Co/The

0.75%,

12/01/2025

(g)

60‌

60‌

3.20%,

03/15/2027

140‌

156‌

Consolidated

Edison

Co

of

New

York

Inc

3.00%,

12/01/2060

65‌

67‌

3.70%,

11/15/2059

80‌

94‌

3.88%,

06/15/2047

300‌

359‌

Consumers

Energy

Co

2.50%,

05/01/2060

155‌

156‌

Dominion

Energy

Inc

3.38%,

04/01/2030

155‌

177‌

DTE

Electric

Co

3.70%,

03/15/2045

200‌

242‌

DTE

Energy

Co

0.55%,

11/01/2022

150‌

150‌

1.05%,

06/01/2025

80‌

81‌

2.25%,

11/01/2022

145‌

150‌

Duke

Energy

Carolinas

LLC

4.00%,

09/30/2042

280‌

345‌

5.30%,

02/15/2040

250‌

356‌

Duke

Energy

Corp

0.90%,

09/15/2025

150‌

151‌

2.65%,

09/01/2026

90‌

98‌

3.15%,

08/15/2027

90‌

100‌

Duke

Energy

Florida

LLC

1.75%,

06/15/2030

155‌

159‌

2.50%,

12/01/2029

125‌

136‌

3.40%,

10/01/2046

200‌

233‌

Duke

Energy

Indiana

LLC

2.75%,

04/01/2050

155‌

165‌

Duke

Energy

Ohio

Inc

2.13%,

06/01/2030

155‌

163‌

Duke

Energy

Progress

LLC

2.50%,

08/15/2050

160‌

162‌

Emera

US

Finance

LP

4.75%,

06/15/2046

75‌

94‌

Entergy

Arkansas

LLC

2.65%,

06/15/2051

150‌

156‌

Entergy

Louisiana

LLC

2.90%,

03/15/2051

35‌

38‌

3.12%,

09/01/2027

300‌

333‌

Entergy

Texas

Inc

1.75%,

03/15/2031

150‌

151‌

4.00%,

03/30/2029

300‌

351‌

Evergy

Inc

2.45%,

09/15/2024

140‌

148‌

Evergy

Metro

Inc

2.25%,

06/01/2030

155‌

165‌

Eversource

Energy

0.80%,

08/15/2025

160‌

160‌

1.65%,

08/15/2030

160‌

160‌

Exelon

Corp

3.50%,

06/01/2022

90‌

94‌

4.95%,

06/15/2035

320‌

407‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Electric

(continued)

Florida

Power

&

Light

Co

3.70%,

12/01/2047

$

70‌

$

87‌

4.05%,

10/01/2044

145‌

188‌

5.65%,

02/01/2037

250‌

359‌

Georgia

Power

Co

2.20%,

09/15/2024

140‌

147‌

3.25%,

03/30/2027

750‌

820‌

Interstate

Power

and

Light

Co

2.30%,

06/01/2030

40‌

42‌

Kentucky

Utilities

Co

3.30%,

06/01/2050

155‌

177‌

MidAmerican

Energy

Co

3.15%,

04/15/2050

145‌

169‌

Mississippi

Power

Co

4.25%,

03/15/2042

30‌

37‌

National

Rural

Utilities

Cooperative

Finance

Corp

2.85%,

01/27/2025

100‌

108‌

NextEra

Energy

Capital

Holdings

Inc

2.25%,

06/01/2030

250‌

262‌

2.75%,

11/01/2029

105‌

115‌

Northern

States

Power

Co/MN

2.60%,

06/01/2051

155‌

165‌

2.90%,

03/01/2050

70‌

77‌

5.35%,

11/01/2039

30‌

44‌

Oncor

Electric

Delivery

Co

LLC

0.55%,

10/01/2025

(e)

150‌

150‌

3.10%,

09/15/2049

195‌

221‌

Pacific

Gas

and

Electric

Co

2.10%,

08/01/2027

1,155‌

1,161‌

2.50%,

02/01/2031

310‌

312‌

3.30%,

08/01/2040

155‌

156‌

3.50%,

08/01/2050

350‌

353‌

PECO

Energy

Co

2.38%,

09/15/2022

330‌

340‌

2.80%,

06/15/2050

110‌

117‌

PPL

Electric

Utilities

Corp

3.00%,

10/01/2049

70‌

78‌

Progress

Energy

Inc

3.15%,

04/01/2022

40‌

41‌

Public

Service

Co

of

Colorado

2.70%,

01/15/2051

95‌

102‌

Public

Service

Electric

and

Gas

Co

2.05%,

08/01/2050

160‌

149‌

3.15%,

01/01/2050

155‌

179‌

3.65%,

09/01/2028

200‌

232‌

Public

Service

Enterprise

Group

Inc

0.80%,

08/15/2025

320‌

320‌

San

Diego

Gas

&

Electric

Co

1.70%,

10/01/2030

150‌

152‌

3.32%,

04/15/2050

155‌

174‌

4.50%,

08/15/2040

350‌

439‌

Sempra

Energy

4.00%,

02/01/2048

70‌

83‌

Southern

California

Edison

Co

2.25%,

06/01/2030

155‌

161‌

2.85%,

08/01/2029

100‌

108‌

4.00%,

04/01/2047

70‌

83‌

5.50%,

03/15/2040

350‌

464‌

5.95%,

02/01/2038

30‌

40‌

Southern

Co/The

2.95%,

07/01/2023

105‌

111‌

4.00%,

01/15/2051

(f)

150‌

157‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.73%

Southern

Power

Co

2.50%,

12/15/2021

300‌

306‌

4.95%,

12/15/2046

35‌

41‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

10

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Electric

(continued)

Southwestern

Public

Service

Co

4.50%,

08/15/2041

$

300‌

$

385‌

Tucson

Electric

Power

Co

1.50%,

08/01/2030

105‌

104‌

Union

Electric

Co

2.63%,

03/15/2051

130‌

137‌

WEC

Energy

Group

Inc

0.55%,

09/15/2023

150‌

150‌

1.38%,

10/15/2027

130‌

131‌

3.55%,

06/15/2025

70‌

78‌

Xcel

Energy

Inc

0.50%,

10/15/2023

75‌

75‌

2.60%,

12/01/2029

140‌

152‌

$

18,206‌

Electrical

Components

&

Equipment

-

0

.03

%

Emerson

Electric

Co

0.88%,

10/15/2026

225‌

227‌

Electronics

-

0

.10

%

Agilent

Technologies

Inc

2.10%,

06/04/2030

155‌

162‌

Arrow

Electronics

Inc

4.50%,

03/01/2023

30‌

32‌

Honeywell

International

Inc

1.35%,

06/01/2025

80‌

83‌

2.15%,

08/08/2022

70‌

72‌

2.80%,

06/01/2050

155‌

173‌

Roper

Technologies

Inc

1.40%,

09/15/2027

160‌

162‌

2.35%,

09/15/2024

90‌

95‌

Tyco

Electronics

Group

SA

7.13%,

10/01/2037

37‌

56‌

$

835‌

Environmental

Control

-

0

.03

%

Republic

Services

Inc

1.75%,

02/15/2032

35‌

35‌

2.30%,

03/01/2030

85‌

90‌

Waste

Management

Inc

0.75%,

11/15/2025

35‌

35‌

2.50%,

11/15/2050

75‌

76‌

$

236‌

Finance

-

Mortgage

Loan/Banker

-

1

.18

%

Fannie

Mae

0.50%,

06/17/2025

1,060‌

1,064‌

0.50%,

11/07/2025

135‌

135‌

0.75%,

10/08/2027

400‌

400‌

0.88%,

08/05/2030

480‌

470‌

1.38%,

09/06/2022

300‌

306‌

2.00%,

01/05/2022

500‌

510‌

2.25%,

04/12/2022

500‌

515‌

2.63%,

01/11/2022

500‌

514‌

5.63%,

07/15/2037

65‌

104‌

6.63%,

11/15/2030

230‌

350‌

7.13%,

01/15/2030

250‌

384‌

7.25%,

05/15/2030

249‌

387‌

Federal

Home

Loan

Banks

0.13%,

10/21/2022

205‌

205‌

0.38%,

09/04/2025

150‌

150‌

5.50%,

07/15/2036

370‌

575‌

Freddie

Mac

0.13%,

10/16/2023

205‌

205‌

0.25%,

06/26/2023

1,315‌

1,316‌

0.25%,

08/24/2023

310‌

310‌

0.25%,

09/08/2023

460‌

460‌

0.25%,

11/06/2023

150‌

150‌

0.38%,

09/23/2025

455‌

453‌

2.38%,

01/13/2022

850‌

871‌

6.25%,

07/15/2032

280‌

434‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Finance

-

Mortgage

Loan/Banker

(continued)

Freddie

Mac  

(continued)

6.75%,

03/15/2031

$

43‌

$

66‌

$

10,334‌

Food

-

0

.38

%

Campbell

Soup

Co

4.15%,

03/15/2028

185‌

218‌

Conagra

Brands

Inc

1.38%,

11/01/2027

100‌

101‌

4.85%,

11/01/2028

140‌

174‌

5.30%,

11/01/2038

85‌

114‌

5.40%,

11/01/2048

85‌

123‌

General

Mills

Inc

3.15%,

12/15/2021

30‌

31‌

4.00%,

04/17/2025

75‌

85‌

Hershey

Co/The

1.70%,

06/01/2030

155‌

160‌

2.65%,

06/01/2050

185‌

197‌

J

M

Smucker

Co/The

3.00%,

03/15/2022

300‌

310‌

Kellogg

Co

2.10%,

06/01/2030

155‌

162‌

Koninklijke

Ahold

Delhaize

NV

5.70%,

10/01/2040

(i)

9‌

13‌

Kroger

Co/The

4.45%,

02/01/2047

25‌

32‌

5.15%,

08/01/2043

300‌

412‌

5.40%,

07/15/2040

30‌

39‌

Mondelez

International

Inc

0.63%,

07/01/2022

160‌

160‌

1.50%,

02/04/2031

165‌

163‌

2.13%,

04/13/2023

230‌

239‌

2.63%,

09/04/2050

165‌

168‌

Sysco

Corp

4.85%,

10/01/2045

250‌

314‌

Tyson

Foods

Inc

3.55%,

06/02/2027

75‌

86‌

$

3,301‌

Forest

Products

&

Paper

-

0

.10

%

Fibria

Overseas

Finance

Ltd

5.50%,

01/17/2027

300‌

343‌

Georgia-Pacific

LLC

7.75%,

11/15/2029

20‌

29‌

8.00%,

01/15/2024

400‌

490‌

$

862‌

Gas

-

0

.22

%

Atmos

Energy

Corp

1.50%,

01/15/2031

150‌

151‌

3.38%,

09/15/2049

145‌

169‌

4.13%,

10/15/2044

250‌

315‌

CenterPoint

Energy

Resources

Corp

1.75%,

10/01/2030

150‌

153‌

Eastern

Energy

Gas

Holdings

LLC

4.60%,

12/15/2044

200‌

257‌

NiSource

Inc

0.95%,

08/15/2025

320‌

320‌

3.60%,

05/01/2030

160‌

185‌

Southern

California

Gas

Co

2.55%,

02/01/2030

155‌

167‌

Southern

Co

Gas

Capital

Corp

1.75%,

01/15/2031

160‌

161‌

$

1,878‌

Hand

&

Machine

Tools

-

0

.04

%

Stanley

Black

&

Decker

Inc

2.75%,

11/15/2050

85‌

89‌

3.40%,

12/01/2021

250‌

256‌

$

345‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

11

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Healthcare

-

Products

-

0

.28

%

Abbott

Laboratories

1.15%,

01/30/2028

$

250‌

$

253‌

4.75%,

04/15/2043

300‌

425‌

Baxter

International

Inc

1.73%,

04/01/2031

(e)

85‌

86‌

Boston

Scientific

Corp

1.90%,

06/01/2025

155‌

162‌

Danaher

Corp

2.60%,

10/01/2050

150‌

158‌

DH

Europe

Finance

II

Sarl

2.05%,

11/15/2022

150‌

155‌

2.60%,

11/15/2029

150‌

165‌

3.25%,

11/15/2039

150‌

174‌

Koninklijke

Philips

NV

5.00%,

03/15/2042

30‌

41‌

Medtronic

Inc

4.63%,

03/15/2045

86‌

122‌

Stryker

Corp

3.38%,

11/01/2025

75‌

84‌

4.38%,

05/15/2044

25‌

31‌

Thermo

Fisher

Scientific

Inc

2.60%,

10/01/2029

145‌

160‌

4.13%,

03/25/2025

155‌

176‌

Zimmer

Biomet

Holdings

Inc

3.15%,

04/01/2022

275‌

284‌

$

2,476‌

Healthcare

-

Services

-

0

.66

%

Advocate

Health

&

Hospitals

Corp

3.83%,

08/15/2028

300‌

345‌

Aetna

Inc

2.75%,

11/15/2022

250‌

260‌

2.80%,

06/15/2023

50‌

53‌

3.88%,

08/15/2047

60‌

72‌

6.75%,

12/15/2037

205‌

312‌

Anthem

Inc

2.88%,

09/15/2029

220‌

242‌

3.13%,

05/15/2050

75‌

83‌

4.10%,

03/01/2028

255‌

300‌

4.65%,

01/15/2043

30‌

40‌

Baylor

Scott

&

White

Holdings

4.19%,

11/15/2045

125‌

156‌

HCA

Inc

4.75%,

05/01/2023

500‌

546‌

5.25%,

06/15/2026

970‌

1,145‌

Humana

Inc

3.13%,

08/15/2029

70‌

78‌

4.50%,

04/01/2025

155‌

178‌

Providence

St

Joseph

Health

Obligated

Group

3.74%,

10/01/2047

250‌

294‌

Quest

Diagnostics

Inc

2.95%,

06/30/2030

155‌

171‌

UnitedHealth

Group

Inc

1.25%,

01/15/2026

155‌

159‌

2.38%,

08/15/2024

250‌

266‌

2.75%,

05/15/2040

155‌

170‌

2.88%,

03/15/2023

250‌

264‌

2.88%,

08/15/2029

150‌

170‌

2.90%,

05/15/2050

155‌

173‌

4.25%,

06/15/2048

110‌

149‌

4.45%,

12/15/2048

95‌

132‌

$

5,758‌

Home

Builders

-

0

.02

%

DR

Horton

Inc

1.40%,

10/15/2027

150‌

150‌

Home

Furnishings

-

0

.03

%

Leggett

&

Platt

Inc

4.40%,

03/15/2029

250‌

286‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Insurance

-

0

.71

%

Allstate

Corp/The

0.75%,

12/15/2025

$

170‌

$

170‌

1.45%,

12/15/2030

170‌

169‌

American

International

Group

Inc

3.75%,

07/10/2025

75‌

84‌

4.50%,

07/16/2044

75‌

96‌

5.75%,

04/01/2048

(f)

400‌

451‌

3

Month

USD

LIBOR

+

2.87%

Aon

Corp

2.20%,

11/15/2022

60‌

62‌

2.80%,

05/15/2030

155‌

169‌

Athene

Holding

Ltd

4.13%,

01/12/2028

575‌

637‌

AXA

SA

8.60%,

12/15/2030

30‌

47‌

Berkshire

Hathaway

Finance

Corp

1.45%,

10/15/2030

130‌

132‌

2.85%,

10/15/2050

100‌

109‌

4.20%,

08/15/2048

180‌

242‌

5.75%,

01/15/2040

25‌

39‌

Berkshire

Hathaway

Inc

2.75%,

03/15/2023

60‌

63‌

Brown

&

Brown

Inc

4.50%,

03/15/2029

300‌

351‌

Chubb

INA

Holdings

Inc

1.38%,

09/15/2030

300‌

298‌

2.70%,

03/13/2023

300‌

316‌

CNA

Financial

Corp

2.05%,

08/15/2030

160‌

164‌

Equitable

Holdings

Inc

4.35%,

04/20/2028

140‌

166‌

5.00%,

04/20/2048

90‌

119‌

First

American

Financial

Corp

4.60%,

11/15/2024

300‌

333‌

Marsh

&

McLennan

Cos

Inc

4.90%,

03/15/2049

110‌

161‌

MetLife

Inc

4.13%,

08/13/2042

250‌

320‌

4.60%,

05/13/2046

195‌

268‌

4.88%,

11/13/2043

50‌

71‌

Progressive

Corp/The

4.35%,

04/25/2044

30‌

40‌

Prudential

Financial

Inc

3.70%,

10/01/2050

(f)

160‌

167‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.04%

3.70%,

03/13/2051

185‌

223‌

5.20%,

03/15/2044

(f)

400‌

427‌

3

Month

USD

LIBOR

+

3.04%

W

R

Berkley

Corp

4.00%,

05/12/2050

75‌

92‌

Willis

North

America

Inc

2.95%,

09/15/2029

50‌

55‌

3.88%,

09/15/2049

140‌

173‌

$

6,214‌

Internet

-

0

.22

%

Alibaba

Group

Holding

Ltd

3.40%,

12/06/2027

260‌

292‌

Alphabet

Inc

1.10%,

08/15/2030

160‌

159‌

1.90%,

08/15/2040

160‌

158‌

2.25%,

08/15/2060

160‌

158‌

Amazon.com

Inc

2.50%,

11/29/2022

75‌

78‌

2.50%,

06/03/2050

285‌

301‌

2.80%,

08/22/2024

75‌

81‌

3.80%,

12/05/2024

75‌

84‌

4.25%,

08/22/2057

75‌

107‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

12

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Internet

(continued)

Baidu

Inc

3.08%,

04/07/2025

$

200‌

$

213‌

eBay

Inc

1.90%,

03/11/2025

155‌

162‌

3.45%,

08/01/2024

60‌

66‌

4.00%,

07/15/2042

20‌

23‌

$

1,882‌

Iron

&

Steel

-

0

.10

%

Nucor

Corp

2.00%,

06/01/2025

155‌

163‌

4.00%,

08/01/2023

250‌

270‌

Steel

Dynamics

Inc

1.65%,

10/15/2027

65‌

66‌

2.40%,

06/15/2025

40‌

42‌

2.80%,

12/15/2024

75‌

80‌

Vale

Overseas

Ltd

6.25%,

08/10/2026

200‌

247‌

$

868‌

Leisure

Products

&

Services

-

0

.04

%

Harley-Davidson

Inc

3.50%,

07/28/2025

300‌

326‌

Lodging

-

0

.04

%

Las

Vegas

Sands

Corp

3.20%,

08/08/2024

140‌

146‌

3.50%,

08/18/2026

70‌

73‌

3.90%,

08/08/2029

140‌

147‌

$

366‌

Machinery

-

Construction

&

Mining

-

0

.12

%

Caterpillar

Financial

Services

Corp

0.45%,

09/14/2023

120‌

120‌

0.65%,

07/07/2023

160‌

161‌

0.80%,

11/13/2025

65‌

66‌

1.10%,

09/14/2027

120‌

121‌

1.90%,

09/06/2022

360‌

370‌

Caterpillar

Inc

3.25%,

09/19/2049

145‌

172‌

3.80%,

08/15/2042

50‌

64‌

$

1,074‌

Machinery

-

Diversified

-

0

.19

%

CNH

Industrial

Capital

LLC

1.88%,

01/15/2026

150‌

154‌

Dover

Corp

5.38%,

03/01/2041

30‌

38‌

John

Deere

Capital

Corp

0.40%,

10/10/2023

130‌

130‌

0.70%,

07/05/2023

155‌

156‌

1.20%,

04/06/2023

115‌

118‌

2.05%,

01/09/2025

155‌

164‌

Otis

Worldwide

Corp

2.06%,

04/05/2025

155‌

163‌

2.57%,

02/15/2030

155‌

167‌

3.36%,

02/15/2050

155‌

179‌

Westinghouse

Air

Brake

Technologies

Corp

4.95%,

09/15/2028

300‌

350‌

$

1,619‌

Media

-

0

.87

%

Charter

Communications

Operating

LLC

/

Charter

Communications

Operating

Capital

2.30%,

02/01/2032

(g)

250‌

250‌

2.80%,

04/01/2031

110‌

116‌

3.70%,

04/01/2051

110‌

115‌

3.85%,

04/01/2061

(g)

250‌

257‌

4.91%,

07/23/2025

70‌

81‌

5.38%,

04/01/2038

50‌

63‌

5.75%,

04/01/2048

280‌

370‌

Comcast

Cable

Communications

Holdings

Inc

9.46%,

11/15/2022

20‌

24‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Media

(continued)

Comcast

Corp

1.50%,

02/15/2031

$

160‌

$

159‌

2.35%,

01/15/2027

155‌

167‌

2.45%,

08/15/2052

160‌

157‌

2.65%,

02/01/2030

115‌

126‌

2.65%,

08/15/2062

160‌

161‌

3.10%,

04/01/2025

155‌

170‌

3.15%,

03/01/2026

75‌

84‌

3.25%,

11/01/2039

230‌

263‌

3.55%,

05/01/2028

225‌

260‌

3.97%,

11/01/2047

105‌

133‌

4.05%,

11/01/2052

90‌

117‌

4.50%,

01/15/2043

25‌

33‌

4.60%,

08/15/2045

270‌

365‌

4.65%,

07/15/2042

75‌

102‌

Discovery

Communications

LLC

2.95%,

03/20/2023

40‌

42‌

3.63%,

05/15/2030

60‌

68‌

3.95%,

06/15/2025

350‌

393‌

3.95%,

03/20/2028

500‌

572‌

4.00%,

09/15/2055

(e)

91‌

101‌

Fox

Corp

5.48%,

01/25/2039

110‌

153‌

5.58%,

01/25/2049

140‌

205‌

Thomson

Reuters

Corp

5.85%,

04/15/2040

30‌

42‌

Time

Warner

Cable

LLC

5.88%,

11/15/2040

260‌

337‌

6.55%,

05/01/2037

50‌

69‌

7.30%,

07/01/2038

60‌

88‌

Time

Warner

Entertainment

Co

LP

8.38%,

07/15/2033

20‌

31‌

TWDC

Enterprises

18

Corp

7.00%,

03/01/2032

30‌

45‌

ViacomCBS

Inc

4.38%,

03/15/2043

400‌

465‌

4.85%,

07/01/2042

300‌

364‌

7.88%,

07/30/2030

30‌

44‌

Walt

Disney

Co/The

2.20%,

01/13/2028

155‌

164‌

3.38%,

11/15/2026

170‌

193‌

3.50%,

05/13/2040

155‌

181‌

3.60%,

01/13/2051

155‌

184‌

6.40%,

12/15/2035

179‌

276‌

$

7,590‌

Metal

Fabrication

&

Hardware

-

0

.03

%

Precision

Castparts

Corp

3.90%,

01/15/2043

193‌

227‌

Mining

-

0

.09

%

BHP

Billiton

Finance

USA

Ltd

4.13%,

02/24/2042

170‌

218‌

Newmont

Corp

3.70%,

03/15/2023

66‌

70‌

6.25%,

10/01/2039

100‌

152‌

Rio

Tinto

Alcan

Inc

6.13%,

12/15/2033

30‌

45‌

Southern

Copper

Corp

5.88%,

04/23/2045

110‌

156‌

Teck

Resources

Ltd

3.90%,

07/15/2030

115‌

125‌

$

766‌

Miscellaneous

Manufacturers

-

0

.22

%

3M

Co

3.25%,

08/26/2049

100‌

116‌

Eaton

Corp

4.15%,

11/02/2042

95‌

120‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

13

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Miscellaneous

Manufacturers

(continued)

General

Electric

Co

3.10%,

01/09/2023

$

75‌

$

79‌

3.45%,

05/01/2027

80‌

88‌

3.63%,

05/01/2030

140‌

157‌

4.13%,

10/09/2042

3‌

3‌

4.25%,

05/01/2040

80‌

91‌

5.88%,

01/14/2038

420‌

544‌

Illinois

Tool

Works

Inc

2.65%,

11/15/2026

90‌

99‌

Parker-Hannifin

Corp

3.50%,

09/15/2022

30‌

32‌

Textron

Inc

4.00%,

03/15/2026

500‌

558‌

$

1,887‌

Oil

&

Gas

-

1

.36

%

BP

Capital

Markets

America

Inc

1.75%,

08/10/2030

205‌

207‌

2.94%,

04/06/2023

130‌

138‌

3.00%,

02/24/2050

155‌

161‌

3.12%,

05/04/2026

110‌

122‌

3.19%,

04/06/2025

215‌

236‌

3.54%,

04/06/2027

215‌

241‌

3.59%,

04/14/2027

200‌

226‌

BP

Capital

Markets

PLC

2.50%,

11/06/2022

75‌

78‌

3.28%,

09/19/2027

115‌

128‌

3.51%,

03/17/2025

75‌

83‌

Canadian

Natural

Resources

Ltd

3.80%,

04/15/2024

470‌

510‌

Chevron

Corp

2.00%,

05/11/2027

155‌

164‌

2.98%,

05/11/2040

40‌

44‌

Chevron

USA

Inc

0.43%,

08/11/2023

240‌

241‌

1.02%,

08/12/2027

160‌

160‌

2.34%,

08/12/2050

160‌

156‌

CNOOC

Finance

2013

Ltd

2.88%,

09/30/2029

200‌

209‌

CNOOC

Petroleum

North

America

ULC

7.50%,

07/30/2039

39‌

64‌

Devon

Energy

Corp

5.00%,

06/15/2045

75‌

85‌

Diamondback

Energy

Inc

2.88%,

12/01/2024

150‌

156‌

3.25%,

12/01/2026

150‌

159‌

Ecopetrol

SA

5.88%,

09/18/2023

90‌

101‌

5.88%,

05/28/2045

160‌

190‌

Equinor

ASA

1.75%,

01/22/2026

155‌

162‌

3.00%,

04/06/2027

155‌

172‌

3.15%,

01/23/2022

525‌

542‌

3.25%,

11/18/2049

185‌

205‌

3.63%,

04/06/2040

155‌

185‌

Exxon

Mobil

Corp

1.57%,

04/15/2023

235‌

242‌

1.90%,

08/16/2022

45‌

46‌

2.02%,

08/16/2024

200‌

210‌

3.00%,

08/16/2039

150‌

161‌

4.23%,

03/19/2040

315‌

389‌

Hess

Corp

4.30%,

04/01/2027

300‌

324‌

7.13%,

03/15/2033

21‌

27‌

7.30%,

08/15/2031

109‌

136‌

Husky

Energy

Inc

4.00%,

04/15/2024

500‌

532‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Oil

&

Gas

(continued)

Marathon

Oil

Corp

2.80%,

11/01/2022

$

26‌

$

27‌

3.85%,

06/01/2025

500‌

526‌

4.40%,

07/15/2027

300‌

327‌

Marathon

Petroleum

Corp

3.63%,

09/15/2024

145‌

156‌

5.00%,

09/15/2054

200‌

219‌

Noble

Energy

Inc

3.25%,

10/15/2029

290‌

326‌

Phillips

66

1.30%,

02/15/2026

30‌

30‌

2.15%,

12/15/2030

110‌

109‌

3.85%,

04/09/2025

95‌

106‌

4.30%,

04/01/2022

75‌

79‌

5.88%,

05/01/2042

30‌

41‌

Pioneer

Natural

Resources

Co

1.90%,

08/15/2030

160‌

157‌

Shell

International

Finance

BV

0.38%,

09/15/2023

150‌

150‌

2.00%,

11/07/2024

150‌

158‌

2.38%,

04/06/2025

105‌

112‌

2.38%,

11/07/2029

150‌

161‌

2.88%,

05/10/2026

155‌

171‌

3.13%,

11/07/2049

150‌

165‌

4.38%,

05/11/2045

325‌

419‌

Suncor

Energy

Inc

2.80%,

05/15/2023

155‌

163‌

4.00%,

11/15/2047

100‌

107‌

6.85%,

06/01/2039

73‌

98‌

Total

Capital

International

SA

2.99%,

06/29/2041

115‌

125‌

3.13%,

05/29/2050

155‌

170‌

3.39%,

06/29/2060

115‌

131‌

Valero

Energy

Corp

1.20%,

03/15/2024

150‌

150‌

2.85%,

04/15/2025

150‌

158‌

6.63%,

06/15/2037

60‌

79‌

7.50%,

04/15/2032

60‌

83‌

$

11,895‌

Oil

&

Gas

Services

-

0

.13

%

Baker

Hughes

a

GE

Co

LLC

/

Baker

Hughes

Co-

Obligor

Inc

2.77%,

12/15/2022

75‌

78‌

3.14%,

11/07/2029

150‌

163‌

3.34%,

12/15/2027

135‌

149‌

Halliburton

Co

3.80%,

11/15/2025

14‌

16‌

5.00%,

11/15/2045

230‌

261‌

7.45%,

09/15/2039

26‌

36‌

National

Oilwell

Varco

Inc

3.60%,

12/01/2029

150‌

152‌

Schlumberger

Investment

SA

2.65%,

06/26/2030

160‌

168‌

3.65%,

12/01/2023

75‌

81‌

$

1,104‌

Packaging

&

Containers

-

0

.01

%

WRKCo

Inc

3.00%,

06/15/2033

80‌

87‌

Pharmaceuticals

-

1

.61

%

AbbVie

Inc

2.85%,

05/14/2023

40‌

42‌

2.95%,

11/21/2026

300‌

332‌

3.60%,

05/14/2025

170‌

189‌

3.85%,

06/15/2024

90‌

99‌

4.05%,

11/21/2039

375‌

455‌

4.25%,

11/14/2028

140‌

169‌

4.40%,

11/06/2042

25‌

31‌

4.45%,

05/14/2046

270‌

343‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

14

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pharmaceuticals

(continued)

AbbVie

Inc  

(continued)

4.55%,

03/15/2035

$

170‌

$

215‌

4.85%,

06/15/2044

30‌

40‌

4.88%,

11/14/2048

170‌

232‌

AstraZeneca

PLC

0.70%,

04/08/2026

120‌

120‌

1.38%,

08/06/2030

160‌

158‌

2.13%,

08/06/2050

80‌

76‌

4.38%,

08/17/2048

60‌

82‌

6.45%,

09/15/2037

30‌

47‌

Becton

Dickinson

and

Co

4.67%,

06/06/2047

155‌

204‌

4.69%,

12/15/2044

59‌

76‌

Bristol-Myers

Squibb

Co

0.75%,

11/13/2025

65‌

65‌

1.13%,

11/13/2027

120‌

121‌

1.45%,

11/13/2030

65‌

65‌

2.55%,

11/13/2050

65‌

67‌

3.25%,

02/20/2023

85‌

90‌

3.45%,

11/15/2027

90‌

104‌

3.90%,

02/20/2028

130‌

154‌

4.13%,

06/15/2039

195‌

251‌

4.25%,

10/26/2049

360‌

488‌

4.35%,

11/15/2047

210‌

286‌

4.55%,

02/20/2048

220‌

308‌

5.00%,

08/15/2045

305‌

443‌

Cardinal

Health

Inc

3.41%,

06/15/2027

400‌

450‌

Cigna

Corp

3.20%,

03/15/2040

155‌

172‌

3.88%,

10/15/2047

185‌

222‌

4.13%,

11/15/2025

170‌

196‌

4.80%,

08/15/2038

170‌

222‌

CVS

Health

Corp

1.30%,

08/21/2027

160‌

160‌

1.75%,

08/21/2030

160‌

159‌

2.63%,

08/15/2024

140‌

150‌

2.70%,

08/21/2040

160‌

161‌

3.00%,

08/15/2026

105‌

115‌

3.25%,

08/15/2029

140‌

156‌

3.70%,

03/09/2023

229‌

245‌

3.88%,

07/20/2025

60‌

68‌

4.10%,

03/25/2025

19‌

21‌

5.13%,

07/20/2045

430‌

579‌

Eli

Lilly

and

Co

2.50%,

09/15/2060

155‌

157‌

GlaxoSmithKline

Capital

Inc

3.38%,

05/15/2023

190‌

204‌

3.63%,

05/15/2025

85‌

96‌

3.88%,

05/15/2028

165‌

196‌

GlaxoSmithKline

Capital

PLC

0.53%,

10/01/2023

150‌

151‌

Johnson

&

Johnson

0.55%,

09/01/2025

115‌

115‌

0.95%,

09/01/2027

115‌

115‌

2.10%,

09/01/2040

115‌

117‌

2.25%,

09/01/2050

115‌

117‌

2.45%,

09/01/2060

115‌

121‌

2.95%,

03/03/2027

110‌

123‌

3.70%,

03/01/2046

90‌

116‌

5.95%,

08/15/2037

75‌

118‌

McKesson

Corp

0.90%,

12/03/2025

(g),(h)

60‌

60‌

4.88%,

03/15/2044

80‌

99‌

Mead

Johnson

Nutrition

Co

4.60%,

06/01/2044

30‌

40‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pharmaceuticals

(continued)

Merck

&

Co

Inc

0.75%,

02/24/2026

$

80‌

$

80‌

1.45%,

06/24/2030

210‌

214‌

2.35%,

02/10/2022

50‌

51‌

2.35%,

06/24/2040

135‌

141‌

2.80%,

05/18/2023

75‌

80‌

Novartis

Capital

Corp

2.75%,

08/14/2050

155‌

170‌

Pfizer

Inc

0.80%,

05/28/2025

100‌

101‌

2.55%,

05/28/2040

100‌

106‌

3.40%,

05/15/2024

100‌

110‌

4.00%,

12/15/2036

45‌

57‌

4.20%,

09/15/2048

80‌

107‌

4.30%,

06/15/2043

225‌

296‌

4.40%,

05/15/2044

75‌

101‌

7.20%,

03/15/2039

60‌

103‌

Takeda

Pharmaceutical

Co

Ltd

3.18%,

07/09/2050

645‌

691‌

Utah

Acquisition

Sub

Inc

5.25%,

06/15/2046

305‌

403‌

Viatris

Inc

1.13%,

06/22/2022

(e)

80‌

81‌

2.30%,

06/22/2027

(e)

115‌

121‌

2.70%,

06/22/2030

(e)

155‌

165‌

3.85%,

06/22/2040

(e)

115‌

130‌

4.00%,

06/22/2050

(e)

155‌

177‌

Wyeth

LLC

5.95%,

04/01/2037

60‌

90‌

Zoetis

Inc

2.00%,

05/15/2030

85‌

88‌

3.00%,

05/15/2050

40‌

44‌

$

14,080‌

Pipelines

-

0

.92

%

Boardwalk

Pipelines

LP

3.38%,

02/01/2023

30‌

31‌

Cheniere

Corpus

Christi

Holdings

LLC

3.70%,

11/15/2029

300‌

329‌

Enbridge

Energy

Partners

LP

7.38%,

10/15/2045

70‌

105‌

Enbridge

Inc

2.50%,

01/15/2025

150‌

158‌

3.13%,

11/15/2029

150‌

163‌

4.25%,

12/01/2026

75‌

87‌

Energy

Transfer

Operating

LP

2.90%,

05/15/2025

310‌

322‌

3.75%,

05/15/2030

155‌

160‌

4.05%,

03/15/2025

300‌

322‌

4.20%,

04/15/2027

300‌

325‌

5.30%,

04/15/2047

350‌

372‌

6.25%,

04/15/2049

155‌

181‌

Energy

Transfer

Partners

LP

/

Regency

Energy

Finance

Corp

5.00%,

10/01/2022

350‌

371‌

Enterprise

Products

Operating

LLC

4.25%,

02/15/2048

250‌

292‌

4.45%,

02/15/2043

350‌

410‌

6.88%,

03/01/2033

39‌

54‌

Kinder

Morgan

Energy

Partners

LP

4.70%,

11/01/2042

20‌

23‌

Kinder

Morgan

Inc

2.00%,

02/15/2031

130‌

129‌

3.25%,

08/01/2050

130‌

126‌

5.05%,

02/15/2046

30‌

36‌

MPLX

LP

1.75%,

03/01/2026

160‌

162‌

4.13%,

03/01/2027

140‌

158‌

4.25%,

12/01/2027

300‌

341‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

15

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Pipelines

(continued)

MPLX

LP  

(continued)

4.50%,

04/15/2038

$

200‌

$

222‌

5.50%,

02/15/2049

130‌

163‌

ONEOK

Inc

2.20%,

09/15/2025

155‌

156‌

2.75%,

09/01/2024

375‌

392‌

3.40%,

09/01/2029

350‌

363‌

Plains

All

American

Pipeline

LP

/

PAA

Finance

Corp

4.70%,

06/15/2044

30‌

30‌

Sabine

Pass

Liquefaction

LLC

4.20%,

03/15/2028

75‌

84‌

5.00%,

03/15/2027

375‌

434‌

5.63%,

03/01/2025

75‌

87‌

Spectra

Energy

Partners

LP

4.75%,

03/15/2024

105‌

117‌

TransCanada

PipeLines

Ltd

4.25%,

05/15/2028

300‌

352‌

4.88%,

05/15/2048

190‌

245‌

Williams

Cos

Inc/The

3.75%,

06/15/2027

45‌

51‌

3.90%,

01/15/2025

500‌

552‌

4.00%,

09/15/2025

50‌

56‌

6.30%,

04/15/2040

30‌

39‌

$

8,000‌

Private

Equity

-

0

.04

%

Brookfield

Asset

Management

Inc

4.00%,

01/15/2025

300‌

334‌

Regional

Authority

-

0

.29

%

Province

of

Alberta

Canada

1.00%,

05/20/2025

310‌

315‌

Province

of

British

Columbia

Canada

2.00%,

10/23/2022

500‌

516‌

6.50%,

01/15/2026

45‌

58‌

Province

of

Manitoba

Canada

3.05%,

05/14/2024

30‌

33‌

Province

of

Ontario

Canada

1.13%,

10/07/2030

300‌

297‌

1.75%,

01/24/2023

315‌

324‌

3.20%,

05/16/2024

165‌

181‌

3.40%,

10/17/2023

210‌

228‌

Province

of

Quebec

Canada

0.60%,

07/23/2025

200‌

200‌

1.35%,

05/28/2030

315‌

322‌

7.50%,

09/15/2029

36‌

55‌

$

2,529‌

REITs

-

1

.09

%

Alexandria

Real

Estate

Equities

Inc

1.88%,

02/01/2033

240‌

237‌

2.75%,

12/15/2029

70‌

76‌

4.00%,

02/01/2050

70‌

86‌

4.90%,

12/15/2030

80‌

101‌

American

Campus

Communities

Operating

Partnership

LP

2.85%,

02/01/2030

160‌

165‌

American

Tower

Corp

0.60%,

01/15/2024

120‌

120‌

1.30%,

09/15/2025

80‌

81‌

1.88%,

10/15/2030

150‌

151‌

2.90%,

01/15/2030

155‌

169‌

2.95%,

01/15/2051

60‌

61‌

3.50%,

01/31/2023

75‌

80‌

4.70%,

03/15/2022

50‌

53‌

AvalonBay

Communities

Inc

2.30%,

03/01/2030

155‌

164‌

Brixmor

Operating

Partnership

LP

3.65%,

06/15/2024

400‌

427‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

REITs

(continued)

Crown

Castle

International

Corp

1.35%,

07/15/2025

$

115‌

$

117‌

3.10%,

11/15/2029

125‌

137‌

3.20%,

09/01/2024

75‌

81‌

3.25%,

01/15/2051

115‌

122‌

4.00%,

11/15/2049

95‌

111‌

CubeSmart

LP

2.00%,

02/15/2031

110‌

109‌

Duke

Realty

LP

1.75%,

07/01/2030

155‌

156‌

2.88%,

11/15/2029

75‌

82‌

Equinix

Inc

1.00%,

09/15/2025

150‌

150‌

1.25%,

07/15/2025

155‌

157‌

1.80%,

07/15/2027

155‌

159‌

2.63%,

11/18/2024

150‌

160‌

3.20%,

11/18/2029

130‌

144‌

5.38%,

05/15/2027

175‌

191‌

Essex

Portfolio

LP

3.00%,

01/15/2030

140‌

152‌

Federal

Realty

Investment

Trust

1.25%,

02/15/2026

115‌

116‌

GLP

Capital

LP

/

GLP

Financing

II

Inc

4.00%,

01/15/2030

140‌

150‌

5.25%,

06/01/2025

400‌

443‌

Healthcare

Trust

of

America

Holdings

LP

2.00%,

03/15/2031

150‌

148‌

Healthpeak

Properties

Inc

4.20%,

03/01/2024

200‌

219‌

4.25%,

11/15/2023

4‌

4‌

Kilroy

Realty

LP

2.50%,

11/15/2032

160‌

160‌

Kimco

Realty

Corp

2.70%,

03/01/2024

300‌

317‌

2.70%,

10/01/2030

160‌

167‌

3.70%,

10/01/2049

30‌

31‌

Life

Storage

LP

2.20%,

10/15/2030

75‌

76‌

Mid-America

Apartments

LP

1.70%,

02/15/2031

120‌

119‌

National

Retail

Properties

Inc

3.60%,

12/15/2026

300‌

329‌

Office

Properties

Income

Trust

4.00%,

07/15/2022

300‌

304‌

Omega

Healthcare

Investors

Inc

4.75%,

01/15/2028

30‌

34‌

4.95%,

04/01/2024

30‌

33‌

Prologis

LP

1.25%,

10/15/2030

160‌

158‌

3.00%,

04/15/2050

180‌

199‌

Realty

Income

Corp

3.25%,

01/15/2031

160‌

181‌

4.13%,

10/15/2026

20‌

23‌

Simon

Property

Group

LP

2.00%,

09/13/2024

150‌

156‌

2.75%,

02/01/2023

250‌

261‌

3.50%,

09/01/2025

160‌

176‌

4.75%,

03/15/2042

164‌

195‌

UDR

Inc

3.20%,

01/15/2030

145‌

162‌

4.00%,

10/01/2025

200‌

227‌

Ventas

Realty

LP

3.75%,

05/01/2024

500‌

543‌

VEREIT

Operating

Partnership

LP

2.20%,

06/15/2028

65‌

65‌

Welltower

Inc

3.63%,

03/15/2024

120‌

131‌

4.13%,

03/15/2029

300‌

345‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

16

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

REITs

(continued)

WP

Carey

Inc

2.40%,

02/01/2031

$

65‌

$

66‌

$

9,537‌

Retail

-

0

.52

%

AutoZone

Inc

1.65%,

01/15/2031

160‌

157‌

Costco

Wholesale

Corp

2.30%,

05/18/2022

200‌

206‌

Dollar

Tree

Inc

4.20%,

05/15/2028

130‌

154‌

Home

Depot

Inc/The

2.70%,

04/01/2023

50‌

52‌

3.13%,

12/15/2049

235‌

270‌

4.25%,

04/01/2046

180‌

239‌

Kohl's

Corp

4.25%,

07/17/2025

300‌

320‌

Lowe's

Cos

Inc

1.30%,

04/15/2028

130‌

130‌

1.70%,

10/15/2030

130‌

131‌

2.50%,

04/15/2026

90‌

97‌

3.38%,

09/15/2025

50‌

56‌

3.65%,

04/05/2029

135‌

157‌

3.70%,

04/15/2046

20‌

24‌

4.55%,

04/05/2049

135‌

182‌

5.00%,

04/15/2040

155‌

210‌

McDonald's

Corp

2.63%,

09/01/2029

140‌

153‌

3.25%,

06/10/2024

175‌

191‌

3.70%,

01/30/2026

150‌

170‌

3.70%,

02/15/2042

300‌

354‌

O'Reilly

Automotive

Inc

1.75%,

03/15/2031

75‌

75‌

Starbucks

Corp

1.30%,

05/07/2022

185‌

187‌

TJX

Cos

Inc/The

1.15%,

05/15/2028

65‌

65‌

1.60%,

05/15/2031

65‌

65‌

Walgreens

Boots

Alliance

Inc

4.80%,

11/18/2044

155‌

178‌

Walmart

Inc

2.35%,

12/15/2022

220‌

229‌

3.95%,

06/28/2038

195‌

253‌

5.25%,

09/01/2035

40‌

59‌

5.63%,

04/01/2040

40‌

61‌

5.63%,

04/15/2041

60‌

94‌

$

4,519‌

Semiconductors

-

0

.72

%

Applied

Materials

Inc

4.35%,

04/01/2047

45‌

62‌

Broadcom

Corp

/

Broadcom

Cayman

Finance

Ltd

3.88%,

01/15/2027

650‌

730‌

Broadcom

Inc

2.25%,

11/15/2023

395‌

413‌

3.15%,

11/15/2025

590‌

641‌

3.63%,

10/15/2024

415‌

455‌

4.15%,

11/15/2030

590‌

685‌

4.75%,

04/15/2029

355‌

422‌

Intel

Corp

2.88%,

05/11/2024

105‌

113‌

3.15%,

05/11/2027

150‌

169‌

3.40%,

03/25/2025

155‌

173‌

3.73%,

12/08/2047

105‌

129‌

3.75%,

03/25/2027

155‌

180‌

4.60%,

03/25/2040

155‌

208‌

Micron

Technology

Inc

4.19%,

02/15/2027

405‌

468‌

4.64%,

02/06/2024

300‌

334‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Semiconductors

(continued)

NXP

BV

/

NXP

Funding

LLC

/

NXP

USA

Inc

3.15%,

05/01/2027

(e)

$

80‌

$

87‌

QUALCOMM

Inc

1.30%,

05/20/2028

(e)

327‌

328‌

1.65%,

05/20/2032

(e)

243‌

244‌

4.80%,

05/20/2045

110‌

158‌

Texas

Instruments

Inc

1.75%,

05/04/2030

50‌

52‌

4.15%,

05/15/2048

165‌

228‌

$

6,279‌

Software

-

0

.49

%

Activision

Blizzard

Inc

1.35%,

09/15/2030

80‌

79‌

2.50%,

09/15/2050

160‌

154‌

Fiserv

Inc

3.50%,

10/01/2022

30‌

31‌

3.50%,

07/01/2029

300‌

344‌

Intuit

Inc

1.35%,

07/15/2027

160‌

163‌

Microsoft

Corp

2.53%,

06/01/2050

311‌

335‌

2.68%,

06/01/2060

149‌

164‌

3.30%,

02/06/2027

140‌

160‌

3.95%,

08/08/2056

141‌

194‌

4.10%,

02/06/2037

176‌

231‌

Oracle

Corp

2.40%,

09/15/2023

75‌

79‌

2.50%,

10/15/2022

75‌

78‌

2.50%,

04/01/2025

155‌

166‌

2.63%,

02/15/2023

370‌

387‌

2.80%,

04/01/2027

155‌

171‌

2.95%,

11/15/2024

85‌

92‌

2.95%,

05/15/2025

105‌

115‌

2.95%,

04/01/2030

155‌

174‌

3.40%,

07/08/2024

145‌

159‌

3.60%,

04/01/2040

155‌

181‌

3.90%,

05/15/2035

130‌

160‌

4.00%,

11/15/2047

75‌

92‌

4.30%,

07/08/2034

75‌

96‌

4.38%,

05/15/2055

150‌

196‌

4.50%,

07/08/2044

50‌

65‌

6.13%,

07/08/2039

60‌

92‌

ServiceNow

Inc

1.40%,

09/01/2030

160‌

156‌

$

4,314‌

Sovereign

-

1

.65

%

Colombia

Government

International

Bond

2.63%,

03/15/2023

500‌

513‌

3.13%,

04/15/2031

315‌

331‌

5.00%,

06/15/2045

200‌

240‌

5.63%,

02/26/2044

250‌

318‌

Export

Development

Canada

1.38%,

02/24/2023

250‌

256‌

Hungary

Government

International

Bond

5.38%,

03/25/2024

600‌

685‌

Indonesia

Government

International

Bond

3.70%,

10/30/2049

200‌

222‌

4.75%,

02/11/2029

300‌

365‌

Israel

Government

International

Bond

3.88%,

07/03/2050

200‌

239‌

Japan

Bank

for

International

Cooperation

0.38%,

09/15/2023

460‌

460‌

0.63%,

05/22/2023

200‌

201‌

1.63%,

10/17/2022

200‌

205‌

1.88%,

07/21/2026

264‌

280‌

3.00%,

05/29/2024

300‌

326‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

17

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Sovereign

(continued)

Korea

International

Bond

1.00%,

09/16/2030

$

200‌

$

196‌

3.88%,

09/20/2048

250‌

340‌

Mexico

Government

International

Bond

3.25%,

04/16/2030

(i)

200‌

212‌

3.63%,

03/15/2022

80‌

83‌

3.75%,

01/11/2028

225‌

249‌

3.90%,

04/27/2025

600‌

665‌

4.50%,

04/22/2029

300‌

346‌

4.50%,

01/31/2050

200‌

227‌

4.60%,

01/23/2046

200‌

227‌

4.60%,

02/10/2048

300‌

341‌

4.75%,

03/08/2044

150‌

173‌

5.75%,

10/12/2110

100‌

125‌

Panama

Government

International

Bond

3.16%,

01/23/2030

200‌

219‌

3.75%,

03/16/2025

200‌

219‌

4.50%,

04/16/2050

200‌

253‌

Peruvian

Government

International

Bond

1.86%,

12/01/2032

(g)

60‌

60‌

2.78%,

12/01/2060

(g)

60‌

59‌

5.63%,

11/18/2050

150‌

229‌

8.75%,

11/21/2033

180‌

300‌

Philippine

Government

International

Bond

3.00%,

02/01/2028

300‌

332‌

3.70%,

03/01/2041

400‌

466‌

7.75%,

01/14/2031

290‌

444‌

10.63%,

03/16/2025

275‌

390‌

Republic

of

Italy

Government

International

Bond

2.38%,

10/17/2024

200‌

210‌

5.38%,

06/15/2033

205‌

265‌

6.88%,

09/27/2023

350‌

408‌

Svensk

Exportkredit

AB

0.50%,

08/26/2025

320‌

319‌

2.88%,

03/14/2023

210‌

222‌

Tennessee

Valley

Authority

3.50%,

12/15/2042

100‌

126‌

4.25%,

09/15/2065

115‌

173‌

5.25%,

09/15/2039

250‌

378‌

5.38%,

04/01/2056

61‌

103‌

5.88%,

04/01/2036

325‌

500‌

6.75%,

11/01/2025

57‌

74‌

Uruguay

Government

International

Bond

4.13%,

11/20/2045

136‌

165‌

4.38%,

10/27/2027

135‌

158‌

5.10%,

06/18/2050

200‌

275‌

7.63%,

03/21/2036

150‌

238‌

$

14,410‌

Supranational

Bank

-

1

.65

%

Asian

Development

Bank

0.25%,

10/06/2023

450‌

449‌

0.38%,

09/03/2025

310‌

309‌

2.13%,

03/19/2025

300‌

322‌

2.38%,

08/10/2027

500‌

554‌

2.75%,

03/17/2023

670‌

709‌

2.75%,

01/19/2028

(i)

130‌

148‌

5.82%,

06/16/2028

39‌

52‌

Asian

Infrastructure

Investment

Bank/The

0.25%,

09/29/2023

305‌

304‌

Corp

Andina

de

Fomento

3.25%,

02/11/2022

595‌

613‌

4.38%,

06/15/2022

234‌

245‌

Council

Of

Europe

Development

Bank

1.38%,

02/27/2025

310‌

322‌

European

Bank

for

Reconstruction

&

Development

0.25%,

07/10/2023

315‌

315‌

1.88%,

02/23/2022

500‌

510‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Supranational

Bank

(continued)

European

Investment

Bank

0.38%,

12/15/2025

$

305‌

$

304‌

0.63%,

10/21/2027

60‌

60‌

1.63%,

03/14/2025

80‌

84‌

1.88%,

02/10/2025

250‌

265‌

2.25%,

03/15/2022

500‌

513‌

2.38%,

05/24/2027

650‌

720‌

2.50%,

03/15/2023

440‌

463‌

2.88%,

12/15/2021

600‌

617‌

FMS

Wertmanagement

2.00%,

08/01/2022

225‌

232‌

Inter-American

Development

Bank

0.25%,

11/15/2023

310‌

310‌

0.63%,

09/16/2027

305‌

302‌

1.75%,

03/14/2025

230‌

243‌

2.13%,

01/18/2022

500‌

511‌

2.13%,

01/15/2025

500‌

535‌

2.38%,

07/07/2027

250‌

276‌

4.38%,

01/24/2044

50‌

76‌

International

Bank

for

Reconstruction

&

Development

0.25%,

11/24/2023

60‌

60‌

0.50%,

10/28/2025

200‌

200‌

0.75%,

11/24/2027

120‌

120‌

0.75%,

08/26/2030

310‌

304‌

1.63%,

01/15/2025

470‌

493‌

1.75%,

10/23/2029

200‌

214‌

2.50%,

03/19/2024

115‌

123‌

2.50%,

07/29/2025

270‌

295‌

3.00%,

09/27/2023

300‌

323‌

7.63%,

01/19/2023

933‌

1,079‌

International

Finance

Corp

0.38%,

07/16/2025

315‌

314‌

Nordic

Investment

Bank

0.38%,

09/11/2025

230‌

229‌

1.38%,

10/17/2022

255‌

260‌

$

14,377‌

Telecommunications

-

1

.38

%

America

Movil

SAB

de

CV

6.13%,

03/30/2040

450‌

670‌

AT&T

Inc

1.65%,

02/01/2028

200‌

203‌

2.25%,

02/01/2032

145‌

146‌

3.00%,

06/30/2022

90‌

93‌

3.10%,

02/01/2043

145‌

149‌

3.50%,

09/15/2053

(e)

1,227‌

1,252‌

3.55%,

09/15/2055

(e)

815‌

835‌

3.65%,

09/15/2059

(e)

699‌

708‌

Cisco

Systems

Inc

5.50%,

01/15/2040

60‌

91‌

Juniper

Networks

Inc

4.35%,

06/15/2025

200‌

226‌

Orange

SA

5.38%,

01/13/2042

30‌

43‌

Rogers

Communications

Inc

3.70%,

11/15/2049

190‌

227‌

5.00%,

03/15/2044

200‌

272‌

7.50%,

08/15/2038

250‌

400‌

T-Mobile

USA

Inc

1.50%,

02/15/2026

(e)

310‌

315‌

2.05%,

02/15/2028

(e)

310‌

319‌

2.25%,

11/15/2031

(e)

150‌

152‌

3.00%,

02/15/2041

(e)

150‌

155‌

3.30%,

02/15/2051

(e)

150‌

157‌

3.50%,

04/15/2025

(e)

155‌

171‌

3.75%,

04/15/2027

(e)

315‌

356‌

4.38%,

04/15/2040

(e)

155‌

189‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

18

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Telecommunications

(continued)

Verizon

Communications

Inc

0.85%,

11/20/2025

$

65‌

$

65‌

1.50%,

09/18/2030

180‌

178‌

1.68%,

10/30/2030

(e)

2,626‌

2,635‌

1.75%,

01/20/2031

135‌

137‌

2.65%,

11/20/2040

50‌

52‌

2.88%,

11/20/2050

135‌

141‌

2.99%,

10/30/2056

(e)

89‌

94‌

3.00%,

11/20/2060

65‌

68‌

3.85%,

11/01/2042

90‌

109‌

4.33%,

09/21/2028

60‌

73‌

4.52%,

09/15/2048

231‌

311‌

4.81%,

03/15/2039

75‌

100‌

Vodafone

Group

PLC

3.75%,

01/16/2024

75‌

82‌

4.13%,

05/30/2025

75‌

86‌

4.25%,

09/17/2050

250‌

306‌

5.00%,

05/30/2038

80‌

104‌

6.15%,

02/27/2037

240‌

345‌

$

12,015‌

Transportation

-

0

.53

%

Burlington

Northern

Santa

Fe

LLC

3.55%,

02/15/2050

155‌

194‌

4.15%,

04/01/2045

200‌

263‌

4.40%,

03/15/2042

30‌

40‌

5.40%,

06/01/2041

400‌

582‌

Canadian

Pacific

Railway

Co

6.13%,

09/15/2115

75‌

121‌

CSX

Corp

2.40%,

02/15/2030

60‌

65‌

3.35%,

09/15/2049

60‌

69‌

3.80%,

03/01/2028

75‌

88‌

4.30%,

03/01/2048

200‌

264‌

FedEx

Corp

3.88%,

08/01/2042

30‌

35‌

4.55%,

04/01/2046

500‌

643‌

Norfolk

Southern

Corp

2.55%,

11/01/2029

150‌

163‌

3.25%,

12/01/2021

40‌

41‌

3.94%,

11/01/2047

192‌

238‌

4.84%,

10/01/2041

30‌

41‌

Ryder

System

Inc

2.90%,

12/01/2026

150‌

163‌

Union

Pacific

Corp

2.97%,

09/16/2062

(e)

90‌

96‌

3.55%,

08/15/2039

435‌

509‌

3.84%,

03/20/2060

220‌

271‌

3.95%,

09/10/2028

140‌

166‌

United

Parcel

Service

Inc

2.50%,

09/01/2029

125‌

137‌

3.40%,

09/01/2049

180‌

223‌

3.90%,

04/01/2025

155‌

175‌

4.88%,

11/15/2040

30‌

41‌

$

4,628‌

Water

-

0

.02

%

American

Water

Capital

Corp

3.75%,

09/01/2047

140‌

172‌

6.59%,

10/15/2037

13‌

20‌

$

192‌

TOTAL

BONDS

$

277,726‌

MUNICIPAL

BONDS

-

0

.50

%

Principal

Amount

(000's)

Value

(000's)

California

-

0

.16

%

Bay

Area

Toll

Authority

6.26%,

04/01/2049

$

175‌

$

302‌

6.91%,

10/01/2050

125‌

229‌

California

State

University

2.98%,

11/01/2051

155‌

160‌

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

California

(continued)

East

Bay

Municipal

Utility

District

Water

System

Revenue

5.87%,

06/01/2040

$

20‌

$

30‌

Regents

of

the

University

of

California

Medical

Center

Pooled

Revenue

6.55%,

05/15/2048

20‌

32‌

State

of

California

3.50%,

04/01/2028

115‌

134‌

7.30%,

10/01/2039

300‌

494‌

$

1,381‌

Georgia

-

0

.02

%

Municipal

Electric

Authority

of

Georgia

6.64%,

04/01/2057

155‌

233‌

Illinois

-

0

.14

%

Chicago

Transit

Authority

Sales

Tax

Receipts

Fund

6.20%,

12/01/2040

30‌

41‌

6.90%,

12/01/2040

300‌

425‌

State

of

Illinois

4.95%,

06/01/2023

60‌

62‌

5.10%,

06/01/2033

700‌

702‌

$

1,230‌

New

Jersey

-

0

.06

%

New

Jersey

Economic

Development

Authority

(credit

support

from

Assured

Guaranty

Municipal

Corp

)

0.00%,

02/15/2023

(d),(k)

50‌

49‌

New

Jersey

Economic

Development

Authority

(credit

support

from

National

Public

Finance

Guarantee

Corp

)

7.43%,

02/15/2029

(k)

250‌

313‌

New

Jersey

Transportation

Trust

Fund

Authority

6.56%,

12/15/2040

146‌

187‌

$

549‌

New

York

-

0

.04

%

Port

Authority

of

New

York

&

New

Jersey

4.46%,

10/01/2062

250‌

326‌

Ohio

-

0

.01

%

Ohio

State

University/The

4.91%,

06/01/2040

50‌

70‌

Texas

-

0

.03

%

Dallas

Area

Rapid

Transit

5.02%,

12/01/2048

30‌

42‌

State

of

Texas

4.68%,

04/01/2040

160‌

214‌

$

256‌

Wisconsin

-

0

.04

%

State

of

Wisconsin

(credit

support

from

Assured

Guaranty

Municipal

Corp

)

5.70%,

05/01/2026

(k)

285‌

335‌

TOTAL

MUNICIPAL

BONDS

$

4,380‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

-

65

.66

%

Principal

Amount

(000's)

Value

(000's)

Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

-

3

.53

%

2.00%,

09/01/2031

$

126‌

$

132‌

2.00%,

12/01/2031

165‌

173‌

2.50%,

08/01/2028

124‌

129‌

2.50%,

01/01/2030

371‌

387‌

2.50%,

01/01/2031

328‌

342‌

2.50%,

02/01/2031

329‌

343‌

2.50%,

12/01/2031

528‌

551‌

2.50%,

01/01/2032

554‌

578‌

2.50%,

03/01/2032

167‌

174‌

2.50%,

11/01/2036

107‌

112‌

3.00%,

11/01/2028

249‌

265‌

3.00%,

04/01/2029

222‌

233‌

3.00%,

09/01/2029

206‌

216‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

19

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

(continued)

3.00%,

10/01/2029

$

304‌

$

319‌

3.00%,

11/01/2029

139‌

146‌

3.00%,

01/01/2030

120‌

126‌

3.00%,

11/01/2030

118‌

126‌

3.00%,

03/01/2031

79‌

83‌

3.00%,

05/01/2032

340‌

360‌

3.00%,

03/01/2033

187‌

200‌

3.00%,

04/01/2033

48‌

51‌

3.00%,

09/01/2036

157‌

166‌

3.00%,

09/01/2036

81‌

87‌

3.00%,

02/01/2037

165‌

173‌

3.00%,

10/01/2042

292‌

310‌

3.00%,

11/01/2042

513‌

546‌

3.00%,

02/01/2043

477‌

507‌

3.00%,

08/01/2043

635‌

675‌

3.00%,

08/01/2043

766‌

814‌

3.00%,

09/01/2043

132‌

140‌

3.00%,

10/01/2043

104‌

110‌

3.00%,

01/01/2045

91‌

96‌

3.00%,

06/01/2046

326‌

343‌

3.00%,

10/01/2046

175‌

187‌

3.00%,

02/01/2047

288‌

304‌

3.50%,

12/01/2031

229‌

245‌

3.50%,

05/01/2034

216‌

233‌

3.50%,

05/01/2034

75‌

81‌

3.50%,

11/01/2034

89‌

95‌

3.50%,

01/01/2035

189‌

203‌

3.50%,

06/01/2035

157‌

170‌

3.50%,

03/01/2037

318‌

337‌

3.50%,

04/01/2037

77‌

82‌

3.50%,

06/01/2037

150‌

160‌

3.50%,

06/01/2042

132‌

142‌

3.50%,

06/01/2042

607‌

654‌

3.50%,

06/01/2042

488‌

525‌

3.50%,

07/01/2042

1,292‌

1,387‌

3.50%,

10/01/2042

742‌

806‌

3.50%,

02/01/2045

114‌

122‌

3.50%,

03/01/2045

277‌

296‌

3.50%,

06/01/2045

296‌

316‌

3.50%,

07/01/2045

284‌

303‌

3.50%,

06/01/2046

386‌

409‌

3.50%,

08/01/2046

225‌

240‌

3.50%,

09/01/2046

465‌

493‌

4.00%,

12/01/2024

86‌

91‌

4.00%,

12/01/2030

20‌

22‌

4.00%,

11/01/2033

142‌

155‌

4.00%,

07/01/2034

97‌

106‌

4.00%,

04/01/2038

208‌

225‌

4.00%,

12/01/2040

194‌

213‌

4.00%,

02/01/2044

167‌

185‌

4.00%,

04/01/2044

215‌

235‌

4.00%,

07/01/2044

267‌

290‌

4.00%,

09/01/2044

94‌

102‌

4.00%,

11/01/2044

322‌

354‌

4.00%,

01/01/2045

285‌

311‌

4.00%,

08/01/2045

399‌

434‌

4.00%,

11/01/2045

57‌

61‌

4.00%,

12/01/2045

78‌

85‌

4.00%,

02/01/2046

112‌

122‌

4.00%,

05/01/2046

203‌

222‌

4.50%,

10/01/2030

86‌

95‌

4.50%,

05/01/2031

10‌

11‌

4.50%,

02/01/2041

139‌

154‌

4.50%,

09/01/2043

101‌

113‌

4.50%,

12/01/2043

168‌

187‌

4.50%,

03/01/2044

344‌

386‌

4.50%,

04/01/2044

154‌

173‌

4.50%,

09/01/2044

231‌

259‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

(continued)

4.50%,

10/01/2044

$

91‌

$

100‌

4.50%,

03/01/2047

132‌

145‌

4.50%,

07/01/2047

106‌

116‌

4.50%,

11/01/2047

27‌

29‌

4.50%,

05/01/2049

5,513‌

5,985‌

5.00%,

11/01/2035

73‌

84‌

5.00%,

12/01/2036

202‌

235‌

5.00%,

08/01/2039

101‌

117‌

5.00%,

12/01/2041

96‌

109‌

5.00%,

02/01/2042

439‌

509‌

5.00%,

04/01/2044

97‌

110‌

5.00%,

02/01/2048

138‌

153‌

5.00%,

07/01/2048

72‌

79‌

5.50%,

06/01/2034

100‌

116‌

5.50%,

07/01/2038

107‌

126‌

5.50%,

07/01/2038

78‌

89‌

5.50%,

12/01/2038

198‌

232‌

5.50%,

10/01/2039

334‌

392‌

5.50%,

06/01/2041

121‌

142‌

6.00%,

04/01/2038

347‌

408‌

6.00%,

11/01/2038

107‌

125‌

$

30,795‌

Federal

National

Mortgage

Association

(FNMA)/Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

Uniform

Mortgage-Backed

Security

-

17

.15

%

2.00%,

09/01/2029

287‌

301‌

2.00%,

05/01/2030

118‌

123‌

2.00%,

12/01/2031

225‌

235‌

2.00%,

02/01/2032

135‌

141‌

2.00%,

12/01/2035

(l)

4,000‌

4,165‌

2.00%,

12/01/2050

(l)

4,500‌

4,674‌

2.50%,

01/01/2028

115‌

120‌

2.50%,

07/01/2028

302‌

314‌

2.50%,

07/01/2028

111‌

116‌

2.50%,

11/01/2028

371‌

386‌

2.50%,

09/01/2029

236‌

246‌

2.50%,

02/01/2030

96‌

100‌

2.50%,

03/01/2030

281‌

293‌

2.50%,

05/01/2030

274‌

286‌

2.50%,

07/01/2030

128‌

133‌

2.50%,

08/01/2030

352‌

366‌

2.50%,

08/01/2030

283‌

294‌

2.50%,

12/01/2030

382‌

398‌

2.50%,

03/01/2031

323‌

336‌

2.50%,

07/01/2031

365‌

380‌

2.50%,

11/01/2031

532‌

555‌

2.50%,

12/01/2031

107‌

112‌

2.50%,

01/01/2032

157‌

164‌

2.50%,

03/01/2032

176‌

184‌

2.50%,

07/01/2033

15‌

16‌

2.50%,

02/01/2035

2,071‌

2,154‌

2.50%,

10/01/2036

51‌

53‌

2.50%,

10/01/2036

137‌

143‌

2.50%,

12/01/2036

141‌

148‌

2.50%,

07/01/2040

3,067‌

3,223‌

2.50%,

01/01/2043

136‌

145‌

2.50%,

05/01/2043

146‌

155‌

2.50%,

10/01/2043

118‌

125‌

2.50%,

08/01/2046

104‌

109‌

2.50%,

12/01/2046

179‌

190‌

2.50%,

12/01/2046

148‌

157‌

2.50%,

12/01/2050

(l)

21,500‌

22,528‌

3.00%,

04/01/2027

93‌

98‌

3.00%,

01/01/2029

82‌

87‌

3.00%,

02/01/2029

74‌

78‌

3.00%,

12/01/2029

167‌

175‌

3.00%,

12/01/2029

84‌

88‌

3.00%,

01/01/2030

370‌

387‌

3.00%,

01/01/2030

431‌

452‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

20

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Federal

National

Mortgage

Association

(FNMA)/Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

Uniform

Mortgage-Backed

Security

(continued)

3.00%,

06/01/2030

$

265‌

$

277‌

3.00%,

09/01/2030

91‌

96‌

3.00%,

10/01/2030

401‌

420‌

3.00%,

11/01/2030

429‌

450‌

3.00%,

12/01/2030

81‌

85‌

3.00%,

03/01/2031

240‌

252‌

3.00%,

04/01/2031

90‌

94‌

3.00%,

09/01/2031

425‌

446‌

3.00%,

12/01/2031

186‌

195‌

3.00%,

01/01/2033

45‌

47‌

3.00%,

04/01/2033

45‌

48‌

3.00%,

08/01/2034

474‌

507‌

3.00%,

05/01/2035

493‌

517‌

3.00%,

06/01/2040

2,792‌

2,952‌

3.00%,

04/01/2043

271‌

288‌

3.00%,

04/01/2043

479‌

508‌

3.00%,

04/01/2043

132‌

140‌

3.00%,

05/01/2043

519‌

558‌

3.00%,

05/01/2043

117‌

124‌

3.00%,

05/01/2043

220‌

233‌

3.00%,

07/01/2043

121‌

129‌

3.00%,

07/01/2043

587‌

622‌

3.00%,

08/01/2043

650‌

690‌

3.00%,

08/01/2043

84‌

89‌

3.00%,

10/01/2043

582‌

618‌

3.00%,

10/01/2043

337‌

358‌

3.00%,

11/01/2043

148‌

157‌

3.00%,

01/01/2045

785‌

834‌

3.00%,

05/01/2046

188‌

197‌

3.00%,

05/01/2046

163‌

171‌

3.00%,

10/01/2046

735‌

771‌

3.00%,

09/01/2049

2,479‌

2,598‌

3.00%,

10/01/2049

3,178‌

3,339‌

3.00%,

10/01/2049

2,595‌

2,718‌

3.00%,

11/01/2049

1,550‌

1,626‌

3.00%,

11/01/2049

2,845‌

3,042‌

3.00%,

11/01/2049

7,698‌

8,063‌

3.00%,

03/01/2050

5,782‌

6,124‌

3.50%,

12/01/2026

143‌

151‌

3.50%,

03/01/2029

121‌

129‌

3.50%,

09/01/2029

151‌

161‌

3.50%,

11/01/2030

102‌

109‌

3.50%,

04/01/2032

21‌

22‌

3.50%,

07/01/2032

17‌

19‌

3.50%,

09/01/2032

19‌

21‌

3.50%,

12/01/2032

2,596‌

2,798‌

3.50%,

10/01/2033

11‌

12‌

3.50%,

05/01/2034

61‌

66‌

3.50%,

06/01/2034

43‌

47‌

3.50%,

07/01/2034

268‌

289‌

3.50%,

09/01/2034

205‌

220‌

3.50%,

10/01/2034

66‌

70‌

3.50%,

12/01/2035

344‌

370‌

3.50%,

02/01/2036

75‌

80‌

3.50%,

07/01/2036

113‌

121‌

3.50%,

08/01/2036

122‌

131‌

3.50%,

02/01/2037

61‌

65‌

3.50%,

05/01/2037

92‌

98‌

3.50%,

06/01/2038

151‌

159‌

3.50%,

07/01/2038

145‌

153‌

3.50%,

03/01/2041

31‌

33‌

3.50%,

02/01/2042

321‌

348‌

3.50%,

03/01/2042

73‌

79‌

3.50%,

05/01/2042

443‌

477‌

3.50%,

06/01/2042

408‌

439‌

3.50%,

07/01/2042

74‌

80‌

3.50%,

10/01/2042

585‌

629‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Federal

National

Mortgage

Association

(FNMA)/Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

Uniform

Mortgage-Backed

Security

(continued)

3.50%,

04/01/2043

$

544‌

$

585‌

3.50%,

05/01/2043

531‌

570‌

3.50%,

05/01/2043

372‌

403‌

3.50%,

06/01/2043

102‌

111‌

3.50%,

08/01/2043

401‌

431‌

3.50%,

09/01/2043

1,237‌

1,343‌

3.50%,

01/01/2044

1,309‌

1,438‌

3.50%,

01/01/2044

132‌

142‌

3.50%,

07/01/2044

623‌

673‌

3.50%,

10/01/2044

233‌

250‌

3.50%,

11/01/2044

261‌

278‌

3.50%,

12/01/2044

362‌

387‌

3.50%,

02/01/2045

412‌

441‌

3.50%,

02/01/2045

255‌

270‌

3.50%,

04/01/2045

230‌

246‌

3.50%,

04/01/2045

383‌

417‌

3.50%,

10/01/2045

136‌

146‌

3.50%,

10/01/2045

156‌

166‌

3.50%,

11/01/2045

200‌

215‌

3.50%,

11/01/2045

321‌

343‌

3.50%,

12/01/2045

387‌

413‌

3.50%,

12/01/2045

23‌

25‌

3.50%,

12/01/2045

183‌

195‌

3.50%,

01/01/2046

443‌

473‌

3.50%,

03/01/2046

115‌

123‌

3.50%,

03/01/2046

517‌

552‌

3.50%,

05/01/2046

86‌

92‌

3.50%,

06/01/2046

122‌

131‌

3.50%,

07/01/2046

452‌

481‌

3.50%,

12/01/2046

343‌

365‌

3.50%,

03/01/2047

297‌

317‌

3.50%,

07/01/2049

2,660‌

2,811‌

3.50%,

08/01/2049

1,649‌

1,739‌

3.50%,

11/01/2049

4,777‌

5,078‌

3.50%,

11/01/2049

3,005‌

3,165‌

4.00%,

12/01/2024

138‌

146‌

4.00%,

04/01/2029

8‌

8‌

4.00%,

12/01/2030

10‌

11‌

4.00%,

03/01/2031

531‌

565‌

4.00%,

03/01/2031

81‌

86‌

4.00%,

11/01/2031

14‌

15‌

4.00%,

11/01/2033

238‌

260‌

4.00%,

11/01/2033

56‌

59‌

4.00%,

10/01/2034

149‌

162‌

4.00%,

02/01/2036

210‌

229‌

4.00%,

01/01/2037

72‌

79‌

4.00%,

10/01/2037

116‌

125‌

4.00%,

03/01/2038

50‌

53‌

4.00%,

07/01/2038

205‌

220‌

4.00%,

12/01/2038

135‌

145‌

4.00%,

01/01/2039

181‌

194‌

4.00%,

09/01/2040

86‌

94‌

4.00%,

01/01/2041

85‌

93‌

4.00%,

02/01/2041

30‌

33‌

4.00%,

12/01/2041

138‌

151‌

4.00%,

06/01/2042

119‌

131‌

4.00%,

06/01/2042

224‌

246‌

4.00%,

07/01/2042

686‌

754‌

4.00%,

12/01/2042

240‌

261‌

4.00%,

11/01/2043

318‌

346‌

4.00%,

09/01/2044

122‌

133‌

4.00%,

11/01/2044

135‌

145‌

4.00%,

01/01/2045

114‌

125‌

4.00%,

04/01/2045

302‌

327‌

4.00%,

08/01/2045

127‌

139‌

4.00%,

11/01/2045

445‌

484‌

4.00%,

07/01/2046

110‌

119‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

21

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Federal

National

Mortgage

Association

(FNMA)/Federal

Home

Loan

Mortgage

Corporation

(FHLMC)

Uniform

Mortgage-Backed

Security

(continued)

4.00%,

05/01/2048

$

264‌

$

290‌

4.00%,

04/01/2049

614‌

656‌

4.00%,

07/01/2049

2,281‌

2,435‌

4.00%,

08/01/2049

3,200‌

3,412‌

4.00%,

10/01/2049

4,302‌

4,667‌

4.00%,

11/01/2049

2,450‌

2,620‌

4.00%,

04/01/2050

3,431‌

3,729‌

4.50%,

08/01/2023

64‌

69‌

4.50%,

06/01/2029

18‌

20‌

4.50%,

07/01/2029

4‌

4‌

4.50%,

08/01/2030

10‌

11‌

4.50%,

01/01/2034

29‌

32‌

4.50%,

04/01/2039

112‌

125‌

4.50%,

09/01/2040

217‌

243‌

4.50%,

05/01/2041

277‌

311‌

4.50%,

09/01/2041

359‌

404‌

4.50%,

11/01/2043

223‌

250‌

4.50%,

11/01/2043

146‌

164‌

4.50%,

01/01/2044

207‌

231‌

4.50%,

02/01/2044

66‌

74‌

4.50%,

04/01/2044

282‌

316‌

4.50%,

04/01/2044

161‌

180‌

4.50%,

05/01/2044

57‌

63‌

4.50%,

08/01/2044

246‌

276‌

4.50%,

08/01/2044

70‌

75‌

4.50%,

10/01/2044

142‌

159‌

4.50%,

04/01/2045

85‌

92‌

4.50%,

04/01/2046

73‌

81‌

4.50%,

05/01/2046

146‌

162‌

4.50%,

01/01/2047

333‌

367‌

4.50%,

01/01/2047

104‌

115‌

5.00%,

12/01/2025

23‌

25‌

5.00%,

01/01/2039

481‌

557‌

5.00%,

07/01/2039

197‌

229‌

5.00%,

02/01/2041

98‌

114‌

5.00%,

02/01/2041

153‌

177‌

5.00%,

04/01/2041

341‌

395‌

5.00%,

05/01/2042

189‌

219‌

5.00%,

07/01/2042

89‌

103‌

5.00%,

03/01/2044

74‌

83‌

5.00%,

05/01/2044

118‌

132‌

5.00%,

02/01/2045

165‌

191‌

5.00%,

06/01/2045

467‌

542‌

5.00%,

06/01/2048

146‌

162‌

5.00%,

08/01/2048

98‌

109‌

5.50%,

12/01/2027

36‌

41‌

5.50%,

03/01/2038

107‌

126‌

5.50%,

05/01/2038

119‌

140‌

5.50%,

06/01/2038

163‌

192‌

5.50%,

09/01/2038

259‌

307‌

5.50%,

11/01/2038

134‌

158‌

5.50%,

04/01/2039

133‌

157‌

5.50%,

04/01/2040

159‌

185‌

6.00%,

04/01/2026

20‌

22‌

6.00%,

10/01/2036

115‌

137‌

$

149,581‌

Government

National

Mortgage

Association

(GNMA)

-

6

.30

%

2.50%,

06/20/2027

112‌

117‌

2.50%,

12/20/2030

105‌

110‌

2.50%,

03/20/2031

171‌

178‌

2.50%,

07/20/2043

132‌

141‌

2.50%,

12/20/2046

396‌

419‌

2.50%,

01/20/2047

130‌

138‌

2.50%,

12/01/2050

7,500‌

7,903‌

3.00%,

02/15/2027

66‌

69‌

3.00%,

08/20/2029

79‌

83‌

3.00%,

09/20/2029

91‌

96‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Government

National

Mortgage

Association

(GNMA)

(continued)

3.00%,

07/20/2030

$

73‌

$

77‌

3.00%,

01/20/2031

78‌

82‌

3.00%,

07/20/2032

103‌

109‌

3.00%,

09/20/2042

72‌

77‌

3.00%,

11/20/2042

536‌

572‌

3.00%,

12/20/2042

400‌

427‌

3.00%,

01/20/2043

389‌

416‌

3.00%,

03/20/2043

497‌

530‌

3.00%,

03/20/2043

88‌

95‌

3.00%,

03/20/2043

465‌

501‌

3.00%,

04/20/2043

620‌

662‌

3.00%,

06/20/2043

552‌

589‌

3.00%,

08/20/2043

600‌

639‌

3.00%,

05/20/2044

231‌

247‌

3.00%,

12/15/2044

59‌

61‌

3.00%,

12/20/2044

620‌

662‌

3.00%,

01/15/2045

77‌

80‌

3.00%,

01/15/2045

65‌

67‌

3.00%,

02/20/2045

65‌

70‌

3.00%,

05/20/2045

429‌

458‌

3.00%,

06/20/2045

175‌

187‌

3.00%,

07/20/2045

1,251‌

1,331‌

3.00%,

08/20/2045

575‌

612‌

3.00%,

09/20/2045

246‌

262‌

3.00%,

10/20/2045

527‌

560‌

3.00%,

12/20/2045

291‌

310‌

3.00%,

01/20/2046

133‌

141‌

3.00%,

03/20/2046

556‌

591‌

3.00%,

04/20/2046

1,255‌

1,334‌

3.00%,

05/20/2046

914‌

972‌

3.00%,

06/20/2046

886‌

942‌

3.00%,

07/20/2046

2,023‌

2,150‌

3.00%,

08/20/2046

835‌

888‌

3.00%,

09/20/2046

631‌

671‌

3.00%,

10/20/2046

472‌

501‌

3.00%,

11/20/2046

726‌

783‌

3.00%,

12/15/2046

153‌

159‌

3.50%,

05/20/2042

149‌

162‌

3.50%,

06/20/2042

151‌

164‌

3.50%,

07/20/2042

597‌

650‌

3.50%,

09/20/2042

456‌

496‌

3.50%,

10/20/2042

330‌

360‌

3.50%,

11/20/2042

287‌

312‌

3.50%,

12/20/2042

294‌

320‌

3.50%,

01/20/2043

480‌

523‌

3.50%,

02/20/2043

767‌

843‌

3.50%,

03/20/2043

521‌

567‌

3.50%,

04/15/2043

292‌

315‌

3.50%,

04/20/2043

352‌

384‌

3.50%,

05/20/2043

229‌

250‌

3.50%,

07/20/2043

299‌

325‌

3.50%,

08/20/2043

748‌

813‌

3.50%,

09/20/2043

529‌

576‌

3.50%,

10/20/2043

250‌

272‌

3.50%,

09/20/2044

229‌

247‌

3.50%,

10/20/2044

265‌

287‌

3.50%,

11/20/2044

259‌

279‌

3.50%,

12/20/2044

267‌

287‌

3.50%,

01/20/2045

262‌

282‌

3.50%,

02/20/2045

354‌

383‌

3.50%,

03/15/2045

63‌

67‌

3.50%,

03/20/2045

451‌

484‌

3.50%,

04/15/2045

30‌

32‌

3.50%,

04/20/2045

367‌

407‌

3.50%,

04/20/2045

276‌

296‌

3.50%,

05/20/2045

457‌

492‌

3.50%,

06/20/2045

69‌

74‌

3.50%,

07/20/2045

388‌

416‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

22

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Government

National

Mortgage

Association

(GNMA)

(continued)

3.50%,

08/20/2045

$

415‌

$

445‌

3.50%,

09/20/2045

402‌

432‌

3.50%,

10/20/2045

364‌

395‌

3.50%,

11/20/2045

635‌

681‌

3.50%,

12/20/2045

467‌

501‌

3.50%,

02/20/2046

393‌

422‌

3.50%,

08/15/2046

141‌

151‌

3.50%,

09/15/2046

89‌

95‌

3.50%,

01/15/2048

91‌

96‌

3.50%,

09/15/2048

96‌

110‌

4.00%,

11/20/2043

456‌

502‌

4.00%,

02/20/2044

185‌

203‌

4.00%,

05/15/2044

97‌

104‌

4.00%,

05/20/2044

107‌

117‌

4.00%,

07/20/2044

31‌

34‌

4.00%,

08/20/2044

232‌

254‌

4.00%,

09/20/2044

206‌

225‌

4.00%,

10/20/2044

765‌

838‌

4.00%,

11/15/2044

79‌

86‌

4.00%,

11/20/2044

151‌

166‌

4.00%,

12/20/2044

275‌

301‌

4.00%,

01/20/2045

117‌

128‌

4.00%,

03/20/2045

173‌

190‌

4.00%,

08/20/2045

236‌

257‌

4.00%,

09/15/2045

75‌

80‌

4.00%,

09/20/2045

279‌

304‌

4.00%,

10/20/2045

347‌

380‌

4.00%,

11/20/2045

472‌

515‌

4.00%,

12/15/2045

96‌

103‌

4.00%,

01/20/2046

558‌

609‌

4.00%,

02/20/2046

87‌

95‌

4.00%,

04/20/2046

334‌

364‌

4.00%,

10/20/2046

95‌

104‌

4.00%,

11/20/2046

444‌

483‌

4.00%,

01/20/2047

28‌

30‌

4.00%,

02/20/2047

464‌

501‌

4.00%,

03/20/2047

329‌

355‌

4.00%,

05/20/2047

112‌

121‌

4.00%,

11/20/2047

756‌

817‌

4.50%,

03/15/2039

154‌

172‌

4.50%,

03/15/2040

209‌

233‌

4.50%,

07/15/2040

209‌

233‌

4.50%,

02/20/2041

33‌

37‌

4.50%,

03/20/2041

26‌

28‌

4.50%,

05/15/2045

138‌

154‌

4.50%,

09/15/2045

70‌

77‌

4.50%,

12/20/2046

292‌

325‌

4.50%,

03/15/2047

191‌

211‌

4.50%,

10/15/2047

146‌

161‌

5.00%,

05/15/2033

143‌

166‌

5.00%,

07/20/2038

128‌

147‌

5.00%,

10/15/2038

192‌

222‌

5.00%,

04/20/2039

87‌

100‌

5.00%,

10/15/2041

131‌

146‌

5.00%,

01/20/2045

148‌

170‌

5.00%,

02/20/2046

50‌

57‌

5.00%,

12/20/2046

129‌

149‌

5.00%,

08/20/2048

67‌

73‌

5.00%,

10/20/2048

254‌

279‌

5.50%,

03/15/2038

114‌

127‌

5.50%,

02/15/2039

63‌

70‌

5.50%,

06/15/2040

176‌

196‌

5.50%,

07/20/2044

114‌

134‌

5.50%,

09/20/2044

157‌

187‌

5.50%,

12/20/2048

38‌

41‌

$

54,923‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

U.S.

Treasury

-

38

.68

%

0.13%,

09/30/2022

$

1,695‌

$

1,694‌

0.13%,

10/31/2022

1,835‌

1,834‌

0.25%,

06/30/2025

1,585‌

1,579‌

0.25%,

10/31/2025

6,100‌

6,068‌

0.38%,

07/31/2027

1,200‌

1,184‌

0.38%,

09/30/2027

1,710‌

1,685‌

0.50%,

03/31/2025

375‌

378‌

0.50%,

04/30/2027

450‌

449‌

0.50%,

05/31/2027

555‌

553‌

0.50%,

06/30/2027

745‌

742‌

0.50%,

10/31/2027

5,100‌

5,063‌

0.63%,

05/15/2030

3,070‌

3,018‌

0.63%,

08/15/2030

3,155‌

3,094‌

0.88%,

11/15/2030

3,500‌

3,508‌

1.13%,

02/28/2022

1,645‌

1,666‌

1.13%,

02/28/2027

4,125‌

4,277‌

1.13%,

05/15/2040

1,260‌

1,213‌

1.13%,

08/15/2040

1,965‌

1,886‌

1.25%,

08/31/2024

3,140‌

3,257‌

1.25%,

05/15/2050

2,980‌

2,749‌

1.38%,

01/31/2022

4,630‌

4,697‌

1.38%,

08/31/2023

315‌

325‌

1.38%,

11/15/2040

2,100‌

2,101‌

1.38%,

08/15/2050

1,610‌

1,533‌

1.50%,

01/31/2022

3,800‌

3,861‌

1.50%,

08/15/2022

2,200‌

2,251‌

1.50%,

09/15/2022

5,465‌

5,596‌

1.50%,

02/28/2023

2,090‌

2,153‌

1.50%,

03/31/2023

3,520‌

3,630‌

1.50%,

09/30/2024

525‌

550‌

1.50%,

10/31/2024

930‌

975‌

1.50%,

08/15/2026

5,875‌

6,220‌

1.50%,

02/15/2030

2,060‌

2,191‌

1.63%,

11/15/2022

2,175‌

2,238‌

1.63%,

04/30/2023

1,875‌

1,941‌

1.63%,

05/31/2023

3,000‌

3,109‌

1.63%,

10/31/2023

3,270‌

3,408‌

1.63%,

02/15/2026

2,808‌

2,986‌

1.63%,

05/15/2026

5,851‌

6,229‌

1.63%,

11/30/2026

2,340‌

2,496‌

1.63%,

08/15/2029

1,600‌

1,719‌

1.63%,

11/15/2050

2,000‌

2,021‌

1.75%,

05/31/2022

3,370‌

3,452‌

1.75%,

06/15/2022

510‌

523‌

1.75%,

09/30/2022

415‌

427‌

1.75%,

01/31/2023

2,110‌

2,183‌

1.75%,

05/15/2023

4,000‌

4,155‌

1.88%,

01/31/2022

1,450‌

1,480‌

1.88%,

02/28/2022

3,370‌

3,443‌

1.88%,

03/31/2022

1,535‌

1,571‌

1.88%,

05/31/2022

1,245‌

1,278‌

1.88%,

07/31/2022

2,850‌

2,932‌

1.88%,

09/30/2022

3,210‌

3,311‌

1.88%,

10/31/2022

80‌

83‌

1.88%,

08/31/2024

2,065‌

2,190‌

1.88%,

07/31/2026

1,340‌

1,447‌

2.00%,

02/15/2022

4,000‌

4,092‌

2.00%,

10/31/2022

1,975‌

2,045‌

2.00%,

11/30/2022

2,180‌

2,260‌

2.00%,

05/31/2024

4,660‌

4,948‌

2.00%,

06/30/2024

1,500‌

1,595‌

2.00%,

02/15/2025

5,485‌

5,876‌

2.00%,

11/15/2026

2,840‌

3,092‌

2.00%,

02/15/2050

1,760‌

1,942‌

2.13%,

06/30/2022

2,000‌

2,063‌

2.13%,

02/29/2024

5,315‌

5,644‌

2.13%,

03/31/2024

810‌

861‌

2.13%,

11/30/2024

2,465‌

2,646‌

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

23

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

U.S.

Treasury

(continued)

2.13%,

05/15/2025

$

3,870‌

$

4,179‌

2.25%,

04/30/2024

3,710‌

3,966‌

2.25%,

10/31/2024

1,320‌

1,422‌

2.25%,

12/31/2024

4,000‌

4,320‌

2.25%,

03/31/2026

1,425‌

1,564‌

2.25%,

02/15/2027

2,670‌

2,953‌

2.25%,

08/15/2027

2,755‌

3,060‌

2.25%,

11/15/2027

2,610‌

2,905‌

2.25%,

08/15/2046

1,675‌

1,939‌

2.25%,

08/15/2049

1,570‌

1,825‌

2.38%,

03/15/2022

3,535‌

3,637‌

2.38%,

01/31/2023

2,985‌

3,128‌

2.38%,

04/30/2026

2,895‌

3,199‌

2.38%,

05/15/2029

565‌

641‌

2.38%,

11/15/2049

1,780‌

2,124‌

2.50%,

01/31/2024

3,600‌

3,861‌

2.50%,

02/28/2026

2,840‌

3,151‌

2.50%,

02/15/2045

1,460‌

1,765‌

2.50%,

02/15/2046

1,520‌

1,841‌

2.50%,

05/15/2046

695‌

842‌

2.63%,

02/28/2023

3,030‌

3,197‌

2.63%,

06/30/2023

2,000‌

2,126‌

2.63%,

12/31/2023

3,435‌

3,691‌

2.63%,

12/31/2025

2,160‌

2,405‌

2.63%,

01/31/2026

805‌

897‌

2.75%,

04/30/2023

2,875‌

3,054‌

2.75%,

05/31/2023

2,900‌

3,086‌

2.75%,

07/31/2023

2,818‌

3,011‌

2.75%,

11/15/2023

1,505‌

1,619‌

2.75%,

02/15/2024

4,600‌

4,974‌

2.75%,

02/15/2028

4,790‌

5,510‌

2.75%,

08/15/2042

1,234‌

1,551‌

2.75%,

11/15/2042

125‌

157‌

2.75%,

08/15/2047

1,070‌

1,361‌

2.75%,

11/15/2047

1,595‌

2,032‌

2.88%,

04/30/2025

3,325‌

3,699‌

2.88%,

05/31/2025

2,000‌

2,228‌

2.88%,

11/30/2025

1,470‌

1,652‌

2.88%,

05/15/2028

2,600‌

3,023‌

2.88%,

08/15/2028

3,185‌

3,713‌

2.88%,

05/15/2043

1,305‌

1,673‌

2.88%,

08/15/2045

765‌

986‌

2.88%,

11/15/2046

600‌

777‌

2.88%,

05/15/2049

2,045‌

2,679‌

3.00%,

09/30/2025

540‌

609‌

3.00%,

05/15/2042

1,045‌

1,363‌

3.00%,

11/15/2044

660‌

866‌

3.00%,

05/15/2045

825‌

1,085‌

3.00%,

02/15/2047

1,800‌

2,387‌

3.00%,

05/15/2047

1,190‌

1,580‌

3.00%,

02/15/2048

1,765‌

2,350‌

3.00%,

08/15/2048

1,475‌

1,969‌

3.00%,

02/15/2049

2,070‌

2,771‌

3.13%,

02/15/2042

1,140‌

1,515‌

3.13%,

02/15/2043

1,235‌

1,643‌

3.13%,

08/15/2044

100‌

134‌

3.13%,

05/15/2048

1,665‌

2,268‌

3.38%,

05/15/2044

1,595‌

2,212‌

3.38%,

11/15/2048

1,200‌

1,711‌

3.63%,

08/15/2043

1,285‌

1,840‌

3.63%,

02/15/2044

1,245‌

1,787‌

3.88%,

08/15/2040

1,070‌

1,554‌

4.25%,

05/15/2039

1,240‌

1,865‌

4.25%,

11/15/2040

1,038‌

1,582‌

4.38%,

02/15/2038

495‌

746‌

4.38%,

05/15/2041

1,090‌

1,694‌

4.50%,

02/15/2036

1,110‌

1,649‌

4.50%,

05/15/2038

1,000‌

1,531‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

U.S.

Treasury

(continued)

4.75%,

02/15/2037

$

1,020‌

$

1,575‌

4.75%,

02/15/2041

99‌

161‌

5.25%,

11/15/2028

409‌

554‌

5.25%,

02/15/2029

795‌

1,085‌

5.38%,

02/15/2031

1,100‌

1,594‌

6.00%,

02/15/2026

1,170‌

1,508‌

6.25%,

05/15/2030

2,000‌

3,004‌

6.38%,

08/15/2027

1,540‌

2,131‌

6.50%,

11/15/2026

1,000‌

1,354‌

6.63%,

02/15/2027

450‌

619‌

$

337,385‌

TOTAL

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

$

572,684‌

Total

Investments

$

905,849‌

Other

Assets

and

Liabilities

-  (3.86)%

(

33,675‌

)

TOTAL

NET

ASSETS

-

100.00%

$

872,174‌

(a)

Current

yield

shown

is

as

of

period

end.

(b)

Security

or

a

portion

of

the

security

was

received

as

collateral

for

securities

lending.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$1,122

or

0.13%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940)

or

an

affiliate

as

defined

by

the

Investment

Company

Act

of

1940

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(d)

Non-income

producing

security

(e)

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$12,634

or

1.45%

of

net

assets.

(f)

Rate

shown

is

as

of

period

end.

The

rate

may

be

a

variable

or

floating

rate

or

a

fixed

rate

which

may

convert

to

a

variable

or

floating

rate

in

the

future.

(g)

Security

purchased

on

a

when-issued

basis.

(h)

Fair

value

of

these

investments

is

determined

in

good

faith

by

the

Manager

under

procedures

established

and

periodically

reviewed

by

the

Board

of

Directors.

Certain

inputs

used

in

the

valuation

may

be

unobservable;

however,

each

security

is

evaluated

individually

for

purposes

of

ASC

820

which

results

in

not

all

securities

being

identified

as

Level

3

of

the

fair

value

hierarchy.

At

the

end

of

the

period,

the

fair

value

of

these

securities

totaled

$305

or

0.03%

of

net

assets.

(i)

Security

or

a

portion

of

the

security

was

on

loan

at

the

end

of

the

period.

(j)

Certain

variable

rate

securities

are

not

based

on

a

published

reference

rate

and

spread

but

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.

Rate

shown

is

the

rate

in

effect

as

of

period

end.

(k)

Credit

support

indicates

investments

that

benefit

from

credit

enhancement

or

liquidity

support

provided

by

a

third

party

bank,

institution,

or

government

agency.

(l)

Security

was

purchased

in

a

"to-be-announced"

("TBA")

transaction.

See

notes

for

additional

information.

Schedule

of

Investments

Bond

Market

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

24

Portfolio

Summary  (unaudited)

Sector

Percent

Government

43

.45‌

%

Mortgage

Securities

27

.91‌

%

Financial

8

.07‌

%

Money

Market

Funds

5

.86‌

%

Consumer,

Non-cyclical

4

.51‌

%

Communications

2

.51‌

%

Energy

2

.41‌

%

Utilities

2

.33‌

%

Industrial

2

.04‌

%

Technology

1

.89‌

%

Consumer,

Cyclical

1

.43‌

%

Basic

Materials

0

.69‌

%

Asset

Backed

Securities

0

.26‌

%

Revenue

Bonds

0

.23‌

%

General

Obligation

Unlimited

0

.19‌

%

Insured

0

.08‌

%

Other

Assets

and

Liabilities

(

3

.86‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

August

31,

2020

Purchases

Sales

November

30,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

170,674‌

$

569,159‌

$

689,896‌

$

49,937‌

$

170,674‌

$

569,159‌

$

689,896‌

$

49,937‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

Capital

Securities

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

25

INVESTMENT

COMPANIES

-

1

.57

%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0

.24

%

Invesco

Preferred

ETF

56,169‌

$

844‌

iShares

Preferred

&

Income

Securities

ETF

35,963‌

1,357‌

$

2,201‌

Money

Market

Funds

-

1

.33

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.04%

(a),(b)

4,690,855‌

4,691‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(c),(d)

7,604,984‌

7,605‌

$

12,296‌

TOTAL

INVESTMENT

COMPANIES

$

14,497‌

CONVERTIBLE

PREFERRED

STOCKS

-

0

.49

%

Shares

Held

Value

(000's)

Banks

-

0

.16

%

Bank

of

America

Corp

7.25%

(e)

1,000‌

$

1,483‌

Hand

&

Machine

Tools

-

0

.33

%

Stanley

Black

&

Decker

Inc

5.00%,

05/15/2021

(e)

2,500‌

3,075‌

TOTAL

CONVERTIBLE

PREFERRED

STOCKS

$

4,558‌

PREFERRED

STOCKS

-

3

.51

%

Shares

Held

Value

(000's)

Banks

-

1

.23

%

Banco

Santander

SA

4.00%,

12/05/2020

(e)

8,736‌

$

218‌

3

Month

USD

LIBOR

+

0.52%

Cullen/Frost

Bankers

Inc

0.00%,

12/15/2025

(d),(e)

60,000‌

1,518‌

Fifth

Third

Bancorp

6.63%,

12/31/2023

(e)

53,385‌

1,533‌

3

Month

USD

LIBOR

+

3.71%

First

Republic

Bank/CA

5.13%,

06/30/2022

(e),(f)

40,136‌

1,056‌

Fulton

Financial

Corp

0.00%,

01/15/2026

(d),(e)

121,600‌

3,190‌

Huntington

Bancshares

Inc/OH

6.25%,

04/15/2021

(e)

76,459‌

1,962‌

KeyCorp

6.13%,

12/15/2026

(e)

16,586‌

496‌

3

Month

USD

LIBOR

+

3.89%

Valley

National

Bancorp

6.25%,

06/30/2025

(e)

25,803‌

735‌

3

Month

USD

LIBOR

+

3.85%

Webster

Financial

Corp

5.25%,

12/15/2022

(e)

24,861‌

650‌

$

11,358‌

Diversified

Financial

Services

-

0

.12

%

Capital

One

Financial

Corp

4.80%,

06/01/2025

(e)

11,119‌

280‌

Capital

One

Financial

Corp

5.00%,

12/01/2024

(e)

34,500‌

890‌

$

1,170‌

Electric

-

0

.11

%

Southern

Co/The

0.00%,

01/30/2080

(d)

37,500‌

1,022‌

Gas

-

0

.01

%

NiSource

Inc

6.50%,

03/15/2024

(e)

2,439‌

68‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.63%

Insurance

-

0

.36

%

American

International

Group

Inc

5.85%,

03/15/2024

(e)

1,600‌

44‌

Assurant

Inc

0.00%,

01/15/2061

(d),(f)

40,000‌

1,090‌

Equitable

Holdings

Inc

5.25%,

12/15/2024

(e)

20,466‌

532‌

MetLife

Inc

0.00%,

03/15/2025

(d),(e)

20,461‌

547‌

Prudential

Financial

Inc

4.13%,

09/01/2060

9,926‌

255‌

Voya

Financial

Inc

5.35%,

09/15/2029

(e)

30,000‌

834‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.21%

$

3,302‌

Pipelines

-

0

.45

%

Enbridge

Inc

6.38%,

04/15/2078

158,468‌

4,210‌

3

Month

USD

LIBOR

+

3.59%

REITs

-

0

.16

%

Kimco

Realty

Corp

5.25%,

12/20/2022

(e)

5,764‌

153‌

PS

Business

Parks

Inc

4.88%,

11/04/2024

(e)

1,447‌

39‌

PS

Business

Parks

Inc

5.20%,

12/07/2022

(e)

2,000‌

53‌

Public

Storage

4.63%,

06/17/2025

(e)

2,700‌

73‌

Public

Storage

4.88%,

09/12/2024

(e)

36,756‌

1,022‌

PREFERRED

STOCKS

(continued)

Shares

Held

Value

(000’s)

REITs

(continued)

Public

Storage

5.13%,

05/17/2021

(e)

4,326‌

$

112‌

$

1,452‌

Sovereign

-

0

.74

%

CoBank

ACB

6.13%,

01/01/2021

(e)

6,000‌

615‌

CoBank

ACB

6.20%,

01/01/2025

(e)

10,000‌

1,073‌

3

Month

USD

LIBOR

+

3.74%

CoBank

ACB

6.25%,

10/01/2022

(e)

38,800‌

4,074‌

3

Month

USD

LIBOR

+

4.56%

Farm

Credit

Bank

of

Texas

6.75%,

09/15/2023

(e),(g)

10,000‌

1,060‌

3

Month

USD

LIBOR

+

4.01%

$

6,822‌

Telecommunications

-

0

.33

%

AT&T

Inc

0.00%,

02/18/2025

(d),(e)

115,500‌

3,028‌

TOTAL

PREFERRED

STOCKS

$

32,432‌

BONDS

-

90

.20

%

Principal

Amount

(000's)

Value

(000's)

Banks

-

47

.58

%

Australia

&

New

Zealand

Banking

Group

Ltd/

United

Kingdom

6.75%,

12/31/2049

(e),(g),(h),(i)

$

1,900‌

$

2,195‌

USD

Swap

Rate

NY

5

Year

+

5.17%

Banco

Bilbao

Vizcaya

Argentaria

SA

6.50%,

12/31/2049

(e),(h),(i)

9,400‌

9,940‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.19%

Bank

of

America

Corp

6.25%,

12/31/2049

(e),(h)

2,000‌

2,238‌

3

Month

USD

LIBOR

+

3.71%

6.30%,

12/31/2049

(e),(h)

2,000‌

2,298‌

3

Month

USD

LIBOR

+

4.55%

6.50%,

12/31/2049

(e),(h)

3,000‌

3,382‌

3

Month

USD

LIBOR

+

4.17%

Bank

of

New

York

Mellon

Corp/The

3.65%,

12/31/2049

(e)

8,100‌

8,136‌

3

Month

USD

LIBOR

+

3.42%

3.70%,

12/31/2049

(e),(h)

12,000‌

12,234‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.35%

4.62%,

12/31/2099

(e),(h)

7,408‌

7,793‌

3

Month

USD

LIBOR

+

3.13%

Bank

of

Nova

Scotia/The

4.90%,

12/31/2049

(e),(h)

9,000‌

9,651‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.55%

Barclays

Bank

PLC

6.28%,

12/31/2049

(e),(h)

5,450‌

6,808‌

3

Month

USD

LIBOR

+

1.55%

10.18%,

06/12/2021

(g)

3,000‌

3,143‌

10.18%,

06/12/2021

900‌

943‌

Barclays

PLC

8.00%,

12/31/2049

(e),(h),(i)

5,000‌

5,575‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.67%

BNP

Paribas

SA

4.50%,

12/31/2049

(e),(g),(h),(i)

3,000‌

2,985‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.94%

6.63%,

12/31/2049

(e),(h),(i)

800‌

872‌

USD

Swap

Rate

NY

5

Year

+

4.15%

7.20%,

12/31/2049

(e),(g),(h)

1,300‌

1,409‌

3

Month

USD

LIBOR

+

1.29%

7.37%,

12/31/2049

(e),(g),(h),(i)

6,103‌

7,064‌

USD

Swap

Semi-Annual

5

Year

+

5.15%

7.63%,

12/31/2049

(e),(g),(h),(i)

2,242‌

2,281‌

USD

Swap

Semi-Annual

5

Year

+

6.31%

7.63%,

12/31/2049

(e),(h),(i)

9,942‌

10,116‌

USD

Swap

Semi-Annual

5

Year

+

6.31%

Schedule

of

Investments

Capital

Securities

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

26

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Citigroup

Inc

4.70%,

12/31/2049

(e)

$

6,000‌

$

6,010‌

3

Month

USD

LIBOR

+

4.48%

6.25%,

12/31/2049

(e),(h)

1,500‌

1,721‌

3

Month

USD

LIBOR

+

4.52%

Citizens

Financial

Group

Inc

4.19%,

12/31/2049

(e)

9,490‌

9,395‌

3

Month

USD

LIBOR

+

3.96%

5.65%,

12/31/2049

(e),(h)

500‌

552‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.31%

6.38%,

12/31/2049

(e),(h)

3,500‌

3,570‌

3

Month

USD

LIBOR

+

3.16%

Comerica

Inc

5.63%,

12/31/2049

(e),(h)

13,000‌

14,267‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.29%

Corestates

Capital

III

0.79%,

02/15/2027

(g)

22,771‌

21,027‌

3

Month

USD

LIBOR

+

0.57%

Credit

Agricole

SA

7.88%,

12/31/2049

(e),(h),(i)

2,300‌

2,605‌

USD

Swap

Semi-Annual

5

Year

+

4.90%

8.13%,

12/31/2049

(e),(g),(h),(i)

7,232‌

8,724‌

USD

Swap

Semi-Annual

5

Year

+

6.19%

Credit

Suisse

AG

6.50%,

08/08/2023

(i)

600‌

677‌

Credit

Suisse

Group

AG

5.10%,

12/31/2049

(e),(f),(h),(i)

5,000‌

5,235‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.29%

6.25%,

12/31/2049

(e),(g),(h),(i)

5,490‌

6,018‌

USD

Swap

Semi-Annual

5

Year

+

3.46%

6.38%,

12/31/2099

(e),(g),(h),(i)

5,000‌

5,569‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.82%

7.50%,

12/31/2049

(e),(g),(h),(i)

6,250‌

6,953‌

USD

Swap

Semi-Annual

5

Year

+

4.60%

Danske

Bank

A/S

6.13%,

12/31/2099

(e),(h),(i)

6,600‌

6,971‌

USD

Swap

Semi-Annual

7

Year

+

3.90%

Fifth

Third

Bancorp

4.50%,

12/31/2049

(e),(h)

2,200‌

2,282‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.22%

Goldman

Sachs

Group

Inc/The

4.13%,

12/31/2049

(e)

1,500‌

1,495‌

3

Month

USD

LIBOR

+

3.92%

4.95%,

12/31/2049

(e),(h)

1,000‌

1,045‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.22%

5.50%,

12/31/2049

(e),(f),(h)

2,000‌

2,199‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.62%

HSBC

Capital

Funding

Dollar

1

LP

10.18%,

12/31/2049

(e),(g),(h)

1,700‌

2,916‌

3

Month

USD

LIBOR

+

4.98%

10.18%,

12/31/2049

(e),(h)

4,400‌

7,547‌

3

Month

USD

LIBOR

+

4.98%

HSBC

Holdings

PLC

6.00%,

12/31/2099

(e),(h),(i)

3,000‌

3,248‌

USD

Swap

Rate

NY

5

Year

+

3.75%

6.38%,

12/31/2049

(e),(h),(i)

1,300‌

1,386‌

USD

Swap

Rate

NY

5

Year

+

3.71%

6.50%,

12/31/2099

(e),(h),(i)

500‌

559‌

USD

Swap

Rate

NY

5

Year

+

3.61%

6.87%,

12/31/2049

(e),(h),(i)

8,100‌

8,242‌

USD

Swap

Rate

NY

5

Year

+

5.51%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Huntington

Bancshares

Inc/OH

4.45%,

12/31/2049

(e),(h)

$

10,200‌

$

10,558‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

7

Year

+

4.05%

5.63%,

12/31/2049

(e),(h)

8,800‌

10,182‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

10

Year

+

4.95%

Huntington

Capital

II

0.88%,

06/15/2028

2,400‌

2,148‌

3

Month

USD

LIBOR

+

0.63%

ING

Groep

NV

5.75%,

12/31/2049

(e),(h),(i)

7,000‌

7,556‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.34%

6.50%,

12/31/2049

(e),(h),(i)

500‌

543‌

USD

Swap

Semi-Annual

5

Year

+

4.45%

JPMorgan

Chase

&

Co

4.01%,

12/31/2099

(e)

5,000‌

5,029‌

3

Month

USD

LIBOR

+

3.80%

4.60%,

12/31/2049

(e),(h)

2,100‌

2,143‌

United

States

Secured

Overnight

Financing

Rate

+

3.13%

6.10%,

12/31/2099

(e),(h)

4,128‌

4,463‌

3

Month

USD

LIBOR

+

3.33%

6.75%,

12/31/2049

(e),(h)

2,000‌

2,234‌

3

Month

USD

LIBOR

+

3.78%

KeyCorp

5.00%,

12/31/2049

(e),(h)

4,000‌

4,200‌

3

Month

USD

LIBOR

+

3.61%

KeyCorp

Capital

I

0.97%,

07/01/2028

2,000‌

1,852‌

3

Month

USD

LIBOR

+

0.74%

KeyCorp

Capital

III

7.75%,

07/15/2029

1,500‌

1,962‌

Lloyds

Bank

PLC

12.00%,

12/31/2049

(e),(g),(h)

3,100‌

3,524‌

3

Month

USD

LIBOR

+

11.76%

12.00%,

12/31/2049

(e),(h)

5,500‌

6,253‌

3

Month

USD

LIBOR

+

11.76%

Lloyds

Banking

Group

PLC

6.41%,

12/31/2049

(e),(g),(h)

1,200‌

1,493‌

3

Month

USD

LIBOR

+

1.50%

7.50%,

12/31/2049

(e),(h),(i)

4,300‌

4,741‌

USD

Swap

Semi-Annual

5

Year

+

4.76%

7.50%,

12/31/2049

(e),(h),(i)

6,600‌

7,460‌

USD

Swap

Semi-Annual

5

Year

+

4.50%

M&T

Bank

Corp

5.12%,

12/31/2049

(e),(h)

4,000‌

4,290‌

3

Month

USD

LIBOR

+

3.52%

6.45%,

12/31/2049

(e),(h)

1,300‌

1,433‌

3

Month

USD

LIBOR

+

3.61%

Natwest

Group

PLC

2.54%,

12/31/2049

(e)

1,000‌

941‌

3

Month

USD

LIBOR

+

2.32%

6.00%,

12/31/2049

(e),(f),(h),(i)

8,000‌

8,752‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.63%

8.00%,

12/31/2049

(e),(h),(i)

1,000‌

1,158‌

USD

Swap

Semi-Annual

5

Year

+

5.72%

8.62%,

12/31/2049

(e),(h),(i)

2,800‌

2,913‌

USD

Swap

Semi-Annual

5

Year

+

7.60%

Nordea

Bank

Abp

6.13%,

12/31/2049

(e),(g),(h),(i)

4,300‌

4,692‌

USD

Swap

Semi-Annual

5

Year

+

3.39%

6.63%,

12/31/2099

(e),(g),(h),(i)

13,400‌

15,372‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.11%

Schedule

of

Investments

Capital

Securities

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

27

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Northern

Trust

Corp

4.60%,

12/31/2049

(e),(h)

$

2,400‌

$

2,547‌

3

Month

USD

LIBOR

+

3.20%

NTC

Capital

I

0.76%,

01/15/2027

1,250‌

1,188‌

3

Month

USD

LIBOR

+

0.52%

NTC

Capital

II

0.83%,

04/15/2027

1,200‌

1,117‌

3

Month

USD

LIBOR

+

0.59%

PNC

Capital

Trust

C

0.82%,

06/01/2028

3,000‌

2,835‌

3

Month

USD

LIBOR

+

0.57%

Regions

Financial

Corp

5.75%,

12/31/2049

(e),(h)

1,000‌

1,093‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.43%

Skandinaviska

Enskilda

Banken

AB

5.63%,

12/31/2049

(e),(h),(i)

200‌

207‌

USD

Swap

Semi-Annual

5

Year

+

3.49%

Societe

Generale

SA

7.38%,

12/31/2049

(e),(g),(h),(i)

5,500‌

5,906‌

USD

Swap

Semi-Annual

5

Year

+

4.30%

7.38%,

12/31/2049

(e),(g),(h),(i)

5,000‌

5,165‌

USD

Swap

Semi-Annual

5

Year

+

6.24%

8.00%,

12/31/2049

(e),(g),(h),(i)

3,500‌

4,086‌

USD

Swap

Rate

NY

5

Year

+

5.87%

Standard

Chartered

PLC

7.01%,

12/31/2049

(e),(f),(g),(h)

7,800‌

9,940‌

3

Month

USD

LIBOR

+

1.46%

7.01%,

12/31/2049

(e),(h)

3,600‌

4,588‌

3

Month

USD

LIBOR

+

1.46%

7.50%,

12/31/2049

(e),(g),(h),(i)

3,300‌

3,438‌

USD

Swap

Semi-Annual

5

Year

+

6.30%

7.75%,

12/31/2049

(e),(g),(h),(i)

1,000‌

1,089‌

USD

Swap

Semi-Annual

5

Year

+

5.72%

Swedbank

AB

6.00%,

12/31/2049

(e),(h),(i)

4,400‌

4,560‌

USD

Swap

Semi-Annual

5

Year

+

4.11%

TCF

National

Bank

5.50%,

05/06/2030

(h)

2,000‌

2,061‌

3

Month

USD

LIBOR

+

5.09%

Truist

Bank

0.89%,

05/15/2027

4,500‌

4,286‌

3

Month

USD

LIBOR

+

0.67%

0.90%,

03/15/2028

2,000‌

1,877‌

3

Month

USD

LIBOR

+

0.65%

Truist

Financial

Corp

4.80%,

12/31/2099

(e),(h)

21,200‌

22,222‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.00%

4.95%,

12/31/2099

(e),(h)

2,800‌

3,066‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.61%

UBS

Group

AG

6.88%,

12/31/2049

(e),(h),(i)

1,600‌

1,624‌

USD

Swap

Semi-Annual

(VS

6

Month)

5

Year

+

5.50%

6.88%,

12/31/2049

(e),(h),(i)

9,200‌

10,385‌

USD

Swap

Semi-Annual

(VS

6

Month)

5

Year

+

4.59%

7.00%,

12/31/2049

(e),(g),(h),(i)

1,400‌

1,535‌

USD

Swap

Semi-Annual

5

Year

+

4.34%

$

439,983‌

Diversified

Financial

Services

-

4

.20

%

American

Express

Co

3.54%,

12/31/2049

(e)

4,500‌

4,382‌

3

Month

USD

LIBOR

+

3.29%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Diversified

Financial

Services

(continued)

Capital

One

Financial

Corp

4.05%,

12/31/2049

(e)

$

4,000‌

$

3,900‌

3

Month

USD

LIBOR

+

3.80%

Charles

Schwab

Corp/The

5.38%,

12/31/2049

(e),(h)

9,700‌

10,815‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.97%

7.00%,

12/31/2049

(e),(h)

5,813‌

6,162‌

3

Month

USD

LIBOR

+

4.82%

Depository

Trust

&

Clearing

Corp/The

3.42%,

12/31/2049

(e),(g)

6,000‌

5,700‌

3

Month

USD

LIBOR

+

3.17%

Discover

Financial

Services

6.13%,

12/31/2049

(e),(h)

7,150‌

7,883‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.78%

$

38,842‌

Electric

-

7

.25

%

Dominion

Energy

Inc

4.65%,

12/31/2099

(e),(h)

14,800‌

15,665‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.99%

5.75%,

10/01/2054

(h)

6,775‌

7,434‌

3

Month

USD

LIBOR

+

3.06%

Duke

Energy

Corp

4.88%,

12/31/2099

(e),(h)

12,050‌

12,918‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.39%

Emera

Inc

6.75%,

06/15/2076

(h)

10,000‌

11,454‌

3

Month

USD

LIBOR

+

5.44%

Enel

SpA

8.75%,

09/24/2073

(g),(h)

6,700‌

7,859‌

USD

Swap

Semi-Annual

5

Year

+

5.88%

National

Rural

Utilities

Cooperative

Finance

Corp

5.25%,

04/20/2046

(h)

700‌

776‌

3

Month

USD

LIBOR

+

3.63%

NextEra

Energy

Capital

Holdings

Inc

2.29%,

10/01/2066

4,500‌

3,899‌

3

Month

USD

LIBOR

+

2.07%

2.38%,

06/15/2067

580‌

504‌

3

Month

USD

LIBOR

+

2.13%

4.80%,

12/01/2077

(h)

250‌

275‌

3

Month

USD

LIBOR

+

2.41%

Southern

Co/The

4.00%,

01/15/2051

(h)

6,000‌

6,272‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.73%

$

67,056‌

Food

-

0

.49

%

Dairy

Farmers

of

America

Inc

7.13%,

12/31/2049

(e),(g)

5,000‌

4,589‌

Gas

-

1

.02

%

NiSource

Inc

5.65%,

12/31/2049

(e),(h)

9,195‌

9,425‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.84%

Hand

&

Machine

Tools

-

0

.12

%

Stanley

Black

&

Decker

Inc

4.00%,

03/15/2060

(h)

1,100‌

1,165‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.66%

Insurance

-

21

.84

%

ACE

Capital

Trust

II

9.70%,

04/01/2030

2,570‌

3,899‌

Allstate

Corp/The

5.75%,

08/15/2053

(h)

9,900‌

10,615‌

3

Month

USD

LIBOR

+

2.94%

Schedule

of

Investments

Capital

Securities

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

28

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Insurance

(continued)

American

International

Group

Inc

5.75%,

04/01/2048

(h)

$

13,077‌

$

14,751‌

3

Month

USD

LIBOR

+

2.87%

8.18%,

05/15/2068

(h)

6,700‌

9,768‌

3

Month

USD

LIBOR

+

4.20%

Aon

Corp

8.21%,

01/01/2027

1,000‌

1,352‌

Argentum

Netherlands

BV

for

Zurich

Insurance

Co

Ltd

5.13%,

06/01/2048

(h)

2,000‌

2,338‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.27%

AXA

SA

6.38%,

12/31/2049

(e),(g),(h)

4,905‌

6,856‌

3

Month

USD

LIBOR

+

2.26%

8.60%,

12/15/2030

2,400‌

3,715‌

Cloverie

PLC

for

Zurich

Insurance

Co

Ltd

5.63%,

06/24/2046

(h)

12,100‌

14,187‌

3

Month

USD

LIBOR

+

4.92%

Everest

Reinsurance

Holdings

Inc

2.61%,

05/01/2067

1,600‌

1,447‌

3

Month

USD

LIBOR

+

2.39%

Hartford

Financial

Services

Group

Inc/The

2.35%,

02/12/2067

(g)

2,800‌

2,492‌

3

Month

USD

LIBOR

+

2.13%

Legal

&

General

Group

PLC

5.25%,

03/21/2047

(h)

4,700‌

5,180‌

USD

Swap

Semi-Annual

5

Year

+

3.69%

Liberty

Mutual

Group

Inc

7.80%,

03/07/2087

(g)

6,100‌

7,805‌

3

Month

USD

LIBOR

+

3.58%

Liberty

Mutual

Insurance

Co

7.70%,

10/15/2097

(g)

1,100‌

1,790‌

Lincoln

National

Corp

2.26%,

04/20/2067

4,200‌

3,066‌

3

Month

USD

LIBOR

+

2.04%

Meiji

Yasuda

Life

Insurance

Co

5.20%,

10/20/2045

(g),(h)

1,000‌

1,148‌

USD

Swap

Semi-Annual

5

Year

+

4.23%

MetLife

Capital

Trust

IV

7.88%,

12/15/2067

(g)

1,800‌

2,520‌

MetLife

Inc

3.83%,

12/31/2049

(e)

1,167‌

1,163‌

3

Month

USD

LIBOR

+

3.58%

3.85%,

12/31/2049

(e),(h)

6,200‌

6,417‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.58%

6.40%,

12/15/2066

700‌

894‌

3

Month

USD

LIBOR

+

2.21%

9.25%,

04/08/2068

(g)

10,372‌

15,816‌

3

Month

USD

LIBOR

+

5.54%

10.75%,

08/01/2069

4,300‌

7,365‌

3

Month

USD

LIBOR

+

7.55%

Mitsui

Sumitomo

Insurance

Co

Ltd

7.00%,

03/15/2072

(g),(h)

3,600‌

3,847‌

3

Month

USD

LIBOR

+

5.90%

7.00%,

03/15/2072

(h)

2,500‌

2,672‌

3

Month

USD

LIBOR

+

5.90%

Nationwide

Financial

Services

Inc

6.75%,

05/15/2087

500‌

597‌

Nippon

Life

Insurance

Co

5.00%,

10/18/2042

(g),(h)

1,525‌

1,616‌

3

Month

USD

LIBOR

+

4.24%

5.10%,

10/16/2044

(h)

785‌

877‌

USD

Swap

Rate

NY

5

Year

+

3.65%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Insurance

(continued)

Prudential

Financial

Inc

3.70%,

10/01/2050

(h)

$

3,800‌

$

3,961‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.04%

5.63%,

06/15/2043

(h)

9,380‌

10,095‌

3

Month

USD

LIBOR

+

3.92%

5.88%,

09/15/2042

(h)

11,000‌

11,774‌

3

Month

USD

LIBOR

+

4.18%

QBE

Insurance

Group

Ltd

5.88%,

12/31/2049

(e),(g),(h)

1,900‌

2,081‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.51%

Sumitomo

Life

Insurance

Co

6.50%,

09/20/2073

(g),(h)

3,000‌

3,375‌

3

Month

USD

LIBOR

+

4.44%

Swiss

Re

Finance

Luxembourg

SA

5.00%,

04/02/2049

(g),(h)

17,400‌

20,228‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.58%

Voya

Financial

Inc

4.70%,

01/23/2048

(h)

3,300‌

3,374‌

3

Month

USD

LIBOR

+

2.08%

5.65%,

05/15/2053

(h)

10,800‌

11,394‌

3

Month

USD

LIBOR

+

3.58%

6.13%,

12/31/2049

(e),(h)

1,400‌

1,467‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.36%

$

201,942‌

Oil

&

Gas

-

0

.54

%

BP

Capital

Markets

PLC

4.38%,

12/31/2049

(e),(h)

4,700‌

5,017‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.04%

Pipelines

-

5

.17

%

Enbridge

Inc

5.75%,

07/15/2080

(h)

3,700‌

4,032‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.31%

6.00%,

01/15/2077

(h)

1,500‌

1,582‌

3

Month

USD

LIBOR

+

3.89%

6.25%,

03/01/2078

(h)

7,000‌

7,496‌

3

Month

USD

LIBOR

+

3.64%

Enterprise

Products

Operating

LLC

5.25%,

08/16/2077

(h)

14,881‌

14,679‌

3

Month

USD

LIBOR

+

3.03%

5.38%,

02/15/2078

(h)

1,300‌

1,236‌

3

Month

USD

LIBOR

+

2.57%

Transcanada

Trust

5.50%,

09/15/2079

(h)

12,500‌

13,688‌

3

Month

USD

LIBOR

+

4.15%

5.63%,

05/20/2075

(h)

600‌

637‌

3

Month

USD

LIBOR

+

3.53%

5.87%,

08/15/2076

(h)

4,000‌

4,440‌

3

Month

USD

LIBOR

+

4.64%

$

47,790‌

REITs

-

0

.96

%

Scentre

Group

Trust

2

4.75%,

09/24/2080

(g),(h)

4,000‌

4,160‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.38%

5.13%,

09/24/2080

(g),(h)

4,500‌

4,717‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.69%

$

8,877‌

Sovereign

-

0

.34

%

CoBank

ACB

6.25%,

12/31/2049

(e),(h)

1,000‌

1,088‌

3

Month

USD

LIBOR

+

4.66%

Schedule

of

Investments

Capital

Securities

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

29

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Sovereign

(continued)

Farm

Credit

Bank

of

Texas

5.70%,

12/31/2049

(e),(g),(h)

$

1,900‌

$

2,052‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.42%

$

3,140‌

Telecommunications

-

0

.07

%

Vodafone

Group

PLC

7.00%,

04/04/2079

(h)

500‌

615‌

USD

Swap

Semi-Annual

5

Year

+

4.87%

Transportation

-

0

.62

%

BNSF

Funding

Trust

I

6.61%,

12/15/2055

(h)

5,000‌

5,725‌

3

Month

USD

LIBOR

+

2.35%

TOTAL

BONDS

$

834,166‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

-

2

.70

%

Principal

Amount

(000's)

Value

(000's)

U.S.

Treasury

-

2

.70

%

0.13%,

08/31/2022

$

6,500‌

$

6,498‌

0.13%,

08/15/2023

9,000‌

8,988‌

0.25%,

04/15/2023

2,500‌

2,505‌

0.25%,

07/31/2025

5,000‌

4,981‌

0.38%,

03/31/2022

2,000‌

2,007‌

$

24,979‌

TOTAL

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

$

24,979‌

Total

Investments

$

910,632‌

Other

Assets

and

Liabilities

-  1.53%

14,125‌

TOTAL

NET

ASSETS

-

100.00%

$

924,757‌

(a)

Current

yield

shown

is

as

of

period

end.

(b)

Security

or

a

portion

of

the

security

was

received

as

collateral

for

securities

lending.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$4,691

or

0.51%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940)

or

an

affiliate

as

defined

by

the

Investment

Company

Act

of

1940

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(d)

Non-income

producing

security

(e)

Perpetual

security.

Perpetual

securities

pay

an

indefinite

stream

of

interest,

but

they

may

be

called

by

the

issuer

at

an

earlier

date.

Date

shown,

if

any,

reflects

the

next

call

date

or

final

legal

maturity

date.

Rate

shown

is

as

of

period

end.

(f)

Security

or

a

portion

of

the

security

was

on

loan

at

the

end

of

the

period.

(g)

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$226,235

or

24.46%

of

net

assets.

(h)

Rate

shown

is

as

of

period

end.

The

rate

may

be

a

variable

or

floating

rate

or

a

fixed

rate

which

may

convert

to

a

variable

or

floating

rate

in

the

future.

(i)

Security

is

a

contingent

convertible

security,

("CoCo").

CoCo's

are

hybrid

debt

securities

that

may

convert

to

equity

or

have

their

principal

written

down

upon

occurrence

of

certain

"triggers".

See

notes

for

additional

information.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$188,397

or

20.37%

of

net

assets.

Portfolio

Summary  (unaudited)

Sector

Percent

Financial

76

.61‌

%

Utilities

8

.39‌

%

Energy

6

.16‌

%

Government

3

.78‌

%

Money

Market

Funds

1

.33‌

%

Industrial

1

.07‌

%

Consumer,

Non-cyclical

0

.49‌

%

Communications

0

.40‌

%

Investment

Companies

0

.24‌

%

Other

Assets

and

Liabilities

1

.53‌

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

August

31,

2020

Purchases

Sales

November

30,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

30,689‌

$

91,827‌

$

114,911‌

$

7,605‌

$

30,689‌

$

91,827‌

$

114,911‌

$

7,605‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

30

INVESTMENT

COMPANIES

-

2

.67

%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0

.27

%

Invesco

S&P

Global

Water

Index

ETF

(a)

38,764‌

$

1,753‌

SPDR

S&P

Global

Natural

Resources

ETF

166,153‌

7,063‌

$

8,816‌

Money

Market

Funds

-

2

.40

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.04%

(b),(c)

11,255,170‌

11,256‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

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

65,737,959‌

65,737‌

$

76,993‌

TOTAL

INVESTMENT

COMPANIES

$

85,809‌

COMMON

STOCKS

-

53

.42

%

Shares

Held

Value

(000's)

Advertising

-

0

.03

%

Clear

Channel

Outdoor

Holdings

Inc

(e)

596,711‌

$

901‌

Agriculture

-

0

.98

%

Archer-Daniels-Midland

Co

316,493‌

15,752‌

Bunge

Ltd

267,976‌

15,781‌

$

31,533‌

Automobile

Parts

&

Equipment

-

0

.05

%

Georg

Fischer

AG

1,471‌

1,718‌

Biotechnology

-

0

.49

%

Advanz

Pharma

Corp

Ltd

(e),(f)

15,259‌

73‌

Corteva

Inc

410,659‌

15,736‌

$

15,809‌

Building

Materials

-

0

.65

%

American

Woodmark

Corp

(e)

8,889‌

778‌

Builders

FirstSource

Inc

(e)

32,749‌

1,225‌

Forterra

Inc

(e)

6,785‌

126‌

Fortune

Brands

Home

&

Security

Inc

9,326‌

779‌

Geberit

AG

5,221‌

3,142‌

Louisiana-Pacific

Corp

235,338‌

8,055‌

Norbord

Inc

140,420‌

5,265‌

Pinnacle

Renewable

Energy

Inc

86,733‌

556‌

UFP

Industries

Inc

16,987‌

911‌

$

20,837‌

Chemicals

-

1

.64

%

Air

Liquide

SA

34,715‌

5,673‌

CF

Industries

Holdings

Inc

323,130‌

12,052‌

FMC

Corp

25,652‌

2,976‌

ICL

Group

Ltd

735,592‌

3,499‌

Ingevity

Corp

(e)

14,036‌

935‌

Lenzing

AG

(e)

10,093‌

864‌

Mosaic

Co/The

693,553‌

15,230‌

Nutrien

Ltd

73,900‌

3,648‌

Olin

Corp

50,960‌

1,116‌

Sociedad

Quimica

y

Minera

de

Chile

SA

ADR

87,409‌

4,114‌

Yara

International

ASA

64,994‌

2,634‌

$

52,741‌

Commercial

Services

-

1

.86

%

ALEATICA

SAB

de

CV

6,634,322‌

6,647‌

Atlantia

SpA

(e)

687,254‌

12,588‌

Atlas

Arteria

Ltd

3,399,861‌

16,121‌

Cengage

Learning

Holdings

II

Inc

(e)

2,772‌

21‌

Sembcorp

Industries

Ltd

251,700‌

341‌

Transurban

Group

2,339,302‌

24,138‌

$

59,856‌

Consumer

Products

-

0

.15

%

Avery

Dennison

Corp

23,756‌

3,548‌

Kimberly-Clark

Corp

10,095‌

1,406‌

$

4,954‌

Cosmetics

&

Personal

Care

-

0

.08

%

Essity

AB

41,718‌

1,326‌

Unicharm

Corp

24,700‌

1,200‌

$

2,526‌

Electric

-

8

.95

%

ACEA

SpA

12,012‌

255‌

Algonquin

Power

&

Utilities

Corp

165,300‌

2,590‌

American

Electric

Power

Co

Inc

179,522‌

15,240‌

AusNet

Services

8,108,881‌

11,051‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Electric

(continued)

Brookfield

Renewable

Corp

(a)

195,924‌

$

15,507‌

Clearway

Energy

Inc

-

Class

C

384,323‌

11,249‌

CLP

Holdings

Ltd

578,500‌

5,434‌

CMS

Energy

Corp

78,893‌

4,855‌

Duke

Energy

Corp

29,392‌

2,723‌

Edison

International

135,992‌

8,345‌

EDP

-

Energias

de

Portugal

SA

2,359,364‌

12,611‌

Emera

Inc

305,604‌

12,672‌

Evoqua

Water

Technologies

Corp

(e)

33,209‌

866‌

Exelon

Corp

205,651‌

8,446‌

Hydro

One

Ltd

(g)

215,060‌

5,018‌

Iberdrola

SA

655,759‌

9,002‌

Infraestructura

Energetica

Nova

SAB

de

CV

(e)

1,763,393‌

6,285‌

National

Grid

PLC

1,369,993‌

15,342‌

NextEra

Energy

Inc

225,967‌

16,629‌

Orsted

AS

(g)

28,686‌

5,161‌

PPL

Corp

54,929‌

1,561‌

Public

Service

Enterprise

Group

Inc

200,649‌

11,694‌

Red

Electrica

Corp

SA

903,871‌

18,478‌

Sempra

Energy

153,530‌

19,572‌

Southern

Co/The

278,505‌

16,669‌

Spark

Infrastructure

Group

8,422,477‌

12,649‌

SSE

PLC

682,034‌

12,207‌

Terna

Rete

Elettrica

Nazionale

SpA

1,799,514‌

13,517‌

Transmissora

Alianca

de

Energia

Eletrica

SA

1,932,300‌

11,892‌

$

287,520‌

Electronics

-

0

.25

%

Badger

Meter

Inc

10,444‌

861‌

Halma

PLC

100,426‌

2,955‌

Itron

Inc

(e)

40,292‌

3,167‌

Watts

Water

Technologies

Inc

9,847‌

1,154‌

$

8,137‌

Energy

-

Alternate

Sources

-

0

.52

%

NEL

ASA

(a),(e)

607,070‌

1,660‌

NextEra

Energy

Partners

LP

239,273‌

15,186‌

$

16,846‌

Engineering

&

Construction

-

2

.46

%

Aegion

Corp

(e)

8,678‌

149‌

Aena

SME

SA

(e),(g)

103,484‌

16,858‌

Auckland

International

Airport

Ltd

(e)

1,499,391‌

8,185‌

Enav

SpA

(g)

2,522,269‌

11,103‌

Flughafen

Zurich

AG

(e)

44,704‌

7,575‌

Fomento

de

Construcciones

y

Contratas

SA

14,999‌

159‌

Grupo

Aeroportuario

del

Pacifico

SAB

de

CV

(e)

464,200‌

4,758‌

Sacyr

SA

636,071‌

1,489‌

Sydney

Airport

3,895,074‌

19,219‌

Vinci

SA

94,998‌

9,652‌

$

79,147‌

Environmental

Control

-

0

.63

%

Casella

Waste

Systems

Inc

(e)

98,820‌

5,947‌

China

Water

Affairs

Group

Ltd

240,000‌

189‌

Clean

Harbors

Inc

(e)

45,698‌

3,307‌

Covanta

Holding

Corp

324,490‌

4,024‌

Energy

Recovery

Inc

(e)

14,380‌

153‌

Kurita

Water

Industries

Ltd

38,400‌

1,417‌

METAWATER

Co

Ltd

10,800‌

245‌

Pentair

PLC

59,509‌

3,084‌

Tetra

Tech

Inc

15,199‌

1,812‌

$

20,178‌

Food

-

0

.17

%

Ingredion

Inc

34,078‌

2,629‌

Wilmar

International

Ltd

855,100‌

2,662‌

$

5,291‌

Forest

Products

&

Paper

-

2

.14

%

Acadian

Timber

Corp

109,581‌

1,328‌

BillerudKorsnas

AB

33,833‌

544‌

Canfor

Corp

(e)

281,248‌

4,115‌

Clearwater

Paper

Corp

(e)

12,924‌

451‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

31

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Forest

Products

&

Paper

(continued)

Domtar

Corp

25,852‌

$

778‌

Empresas

CMPC

SA

425,964‌

923‌

Holmen

AB

38,980‌

1,688‌

Interfor

Corp

(e)

280,396‌

4,214‌

International

Paper

Co

128,467‌

6,356‌

Mercer

International

Inc

74,508‌

610‌

Mondi

PLC

237,974‌

5,207‌

Nine

Dragons

Paper

Holdings

Ltd

3,143,000‌

4,129‌

Oji

Holdings

Corp

900,400‌

4,081‌

Sappi

Ltd

(e)

388,328‌

725‌

Smurfit

Kappa

Group

PLC

122,340‌

5,206‌

Stora

Enso

Oyj

403,805‌

6,814‌

Sumitomo

Forestry

Co

Ltd

86,000‌

1,557‌

Suzano

SA

(e)

262,800‌

2,754‌

Svenska

Cellulosa

AB

SCA

(e)

377,532‌

6,127‌

UPM-Kymmene

Oyj

148,530‌

4,874‌

West

Fraser

Timber

Co

Ltd

91,217‌

5,051‌

Western

Forest

Products

Inc

1,839,156‌

1,359‌

$

68,891‌

Gas

-

1

.62

%

Atmos

Energy

Corp

50,226‌

4,816‌

Enagas

SA

429,383‌

10,490‌

Italgas

SpA

1,057,784‌

6,803‌

NiSource

Inc

235,437‌

5,698‌

Snam

SpA

3,422,539‌

19,332‌

Southwest

Gas

Holdings

Inc

78,372‌

5,035‌

$

52,174‌

Hand

&

Machine

Tools

-

0

.03

%

Franklin

Electric

Co

Inc

13,752‌

929‌

Healthcare

-

Products

-

0

.04

%

Hengan

International

Group

Co

Ltd

161,595‌

1,111‌

Healthcare

-

Services

-

0

.00

%

Millennium

Health

LLC

(e),(f),(h),(i)

20,580‌

23‌

Millennium

Health

LLC

(e),(f),(h),(i)

19,318‌

19‌

$

42‌

Home

Builders

-

0

.21

%

DR

Horton

Inc

18,814‌

1,402‌

Lennar

Corp

-

A

Shares

16,662‌

1,264‌

PulteGroup

Inc

34,115‌

1,488‌

Toll

Brothers

Inc

34,353‌

1,627‌

TRI

Pointe

Group

Inc

(e)

50,130‌

876‌

$

6,657‌

Housewares

-

0

.09

%

Scotts

Miracle-Gro

Co/The

16,263‌

2,859‌

Internet

-

0

.00

%

Catalina

Marketing

Corp

(e),(h),(i)

3,965‌

—‌

Iron

&

Steel

-

1

.18

%

ArcelorMittal

SA

(e)

862,206‌

15,678‌

Fortescue

Metals

Group

Ltd

212,772‌

2,835‌

Nippon

Steel

Corp

(e)

278,300‌

3,388‌

Nucor

Corp

60,298‌

3,238‌

POSCO

17,648‌

3,741‌

Steel

Dynamics

Inc

152,162‌

5,510‌

Vale

SA

ADR

249,194‌

3,628‌

$

38,018‌

Lodging

-

0

.15

%

Choice

Hotels

International

Inc

17,200‌

1,714‌

City

Developments

Ltd

551,200‌

3,172‌

$

4,886‌

Machinery

-

Diversified

-

0

.42

%

ANDRITZ

AG

48,076‌

2,028‌

Gorman-Rupp

Co/The

6,740‌

222‌

Husqvarna

AB

81,800‌

876‌

Interpump

Group

SpA

29,290‌

1,277‌

Kadant

Inc

5,780‌

739‌

Lindsay

Corp

3,887‌

450‌

Mueller

Water

Products

Inc

-

Class

A

56,606‌

672‌

Organo

Corp

1,900‌

108‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Machinery

-

Diversified

(continued)

Valmet

Oyj

42,469‌

$

1,072‌

Xylem

Inc/NY

64,548‌

6,195‌

$

13,639‌

Media

-

0

.11

%

Cumulus

Media

Inc

(e)

61,334‌

538‌

iHeartMedia

Inc

(e)

247,950‌

2,964‌

$

3,502‌

Metal

Fabrication

&

Hardware

-

0

.11

%

Advanced

Drainage

Systems

Inc

17,510‌

1,222‌

Northwest

Pipe

Co

(e)

3,516‌

101‌

Reliance

Worldwide

Corp

Ltd

222,811‌

677‌

Rexnord

Corp

43,277‌

1,623‌

$

3,623‌

Mining

-

4

.41

%

Agnico

Eagle

Mines

Ltd

33,200‌

2,176‌

Alamos

Gold

Inc

353,181‌

2,921‌

Anglo

American

PLC

493,625‌

14,374‌

AngloGold

Ashanti

Ltd

ADR

92,887‌

2,013‌

Antofagasta

PLC

190,617‌

3,148‌

Barrick

Gold

Corp

537,491‌

12,337‌

BHP

Group

Ltd

97,772‌

2,726‌

Coeur

Mining

Inc

(e)

448,401‌

3,179‌

First

Quantum

Minerals

Ltd

308,861‌

4,383‌

Franco-Nevada

Corp

18,200‌

2,423‌

Freeport-McMoRan

Inc

707,749‌

16,554‌

Fresnillo

PLC

162,154‌

2,281‌

Glencore

PLC

(e)

1,210,078‌

3,412‌

Gold

Fields

Ltd

ADR

210,369‌

1,832‌

Kinross

Gold

Corp

1,697,184‌

12,089‌

Kirkland

Lake

Gold

Ltd

51,400‌

2,106‌

Korea

Zinc

Co

Ltd

8,170‌

2,808‌

Lundin

Mining

Corp

835,448‌

6,677‌

MMC

Norilsk

Nickel

PJSC

ADR

105,224‌

2,949‌

Newcrest

Mining

Ltd

115,972‌

2,296‌

Newmont

Corp

207,858‌

12,227‌

Polymetal

International

PLC

100,946‌

2,103‌

Polyus

PJSC

22,267‌

2,106‌

Rio

Tinto

Ltd

37,822‌

2,822‌

Sibanye

Stillwater

Ltd

1,113,941‌

3,712‌

South32

Ltd

1,764,982‌

3,111‌

Southern

Copper

Corp

127,775‌

7,586‌

Sumitomo

Metal

Mining

Co

Ltd

89,800‌

3,334‌

Wheaton

Precious

Metals

Corp

51,300‌

1,980‌

$

141,665‌

Miscellaneous

Manufacturers

-

0

.05

%

Aalberts

NV

34,507‌

1,489‌

Oil

&

Gas

-

5

.77

%

BP

PLC

774,872‌

2,516‌

Cabot

Oil

&

Gas

Corp

151,746‌

2,659‌

California

Resources

Corp

(e)

167,116‌

3,646‌

California

Resources

Corp

-

Warrants

(e)

439‌

1‌

Canadian

Natural

Resources

Ltd

138,800‌

3,167‌

Chevron

Corp

32,659‌

2,847‌

CNOOC

Ltd

2,408,000‌

2,396‌

CNX

Resources

Corp

(e)

289,364‌

2,723‌

Comstock

Resources

Inc

(e)

647,167‌

3,152‌

Concho

Resources

Inc

119,633‌

6,876‌

ConocoPhillips

428,896‌

16,967‌

Ecopetrol

SA

ADR

240,661‌

2,772‌

Empresas

COPEC

SA

136,652‌

1,080‌

Eni

SpA

293,846‌

2,926‌

EOG

Resources

Inc

60,456‌

2,834‌

EQT

Corp

583,183‌

8,678‌

Equinor

ASA

999,779‌

15,563‌

Exxon

Mobil

Corp

68,630‌

2,617‌

Fieldwood

Energy

Inc

(e)

2,556‌

—‌

Fieldwood

Energy

LLC

(e),(f),(i)

12,648‌

2‌

Gazprom

PJSC

ADR

563,319‌

2,599‌

Hess

Corp

213,162‌

10,057‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

32

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Oil

&

Gas

(continued)

LUKOIL

PJSC

ADR

40,074‌

$

2,580‌

Marathon

Petroleum

Corp

355,885‌

13,836‌

Neste

Oyj

51,150‌

3,418‌

Novatek

PJSC

18,507‌

2,847‌

Occidental

Petroleum

Corp

215,159‌

3,391‌

Petroleo

Brasileiro

SA

ADR

335,510‌

3,211‌

Petroleo

Brasileiro

SA

ADR

1,076,439‌

9,957‌

Phillips

66

46,880‌

2,840‌

Pioneer

Natural

Resources

Co

111,195‌

11,184‌

Range

Resources

Corp

420,353‌

3,069‌

Reliance

Industries

Ltd

(g)

47,342‌

2,442‌

Repsol

SA

346,118‌

3,317‌

Rosneft

Oil

Co

PJSC

539,589‌

3,122‌

Royal

Dutch

Shell

PLC

-

A

Shares

184,967‌

3,101‌

Southwestern

Energy

Co

(e)

246,221‌

766‌

Suncor

Energy

Inc

170,500‌

2,727‌

Tatneft

PJSC

ADR

61,350‌

2,314‌

TOTAL

SE

69,245‌

2,939‌

Transocean

Ltd

(a),(e)

54,446‌

101‌

Valero

Energy

Corp

170,795‌

9,184‌

Vantage

Drilling

International

(e)

4,456‌

9‌

Woodside

Petroleum

Ltd

189,299‌

3,088‌

$

185,521‌

Oil

&

Gas

Services

-

0

.18

%

Halliburton

Co

169,416‌

2,810‌

Schlumberger

NV

144,193‌

2,998‌

Select

Energy

Services

Inc

(e)

22,439‌

95‌

$

5,903‌

Packaging

&

Containers

-

1

.13

%

Amcor

PLC

247,841‌

2,808‌

Ball

Corp

55,480‌

5,327‌

DS

Smith

PLC

(e)

1,127,665‌

4,936‌

Graphic

Packaging

Holding

Co

88,310‌

1,353‌

Greif

Inc

-

Class

A

10,590‌

515‌

Klabin

SA

162,100‌

756‌

Lee

&

Man

Paper

Manufacturing

Ltd

362,000‌

294‌

Packaging

Corp

of

America

43,615‌

5,670‌

Sealed

Air

Corp

69,750‌

3,143‌

SIG

Combibloc

Group

AG

(e)

170,057‌

3,928‌

Sonoco

Products

Co

18,951‌

1,100‌

Westrock

Co

150,812‌

6,366‌

$

36,196‌

Pipelines

-

3

.19

%

APA

Group

427,769‌

3,242‌

Cheniere

Energy

Inc

(e)

345,157‌

19,567‌

Enbridge

Inc

743,577‌

23,223‌

Enterprise

Products

Partners

LP

131,229‌

2,546‌

Gibson

Energy

Inc

511,840‌

8,221‌

Kinder

Morgan

Inc

416,013‌

5,982‌

Magellan

Midstream

Partners

LP

62,568‌

2,575‌

Pembina

Pipeline

Corp

87,308‌

2,227‌

TC

Energy

Corp

547,549‌

24,087‌

Williams

Cos

Inc/The

522,995‌

10,972‌

$

102,642‌

Real

Estate

-

1

.42

%

Entra

ASA

(a),(g)

312,089‌

6,220‌

Fabege

AB

301,075‌

4,742‌

Mitsubishi

Estate

Co

Ltd

469,300‌

8,074‌

New

World

Development

Co

Ltd

1,598,660‌

8,100‌

Vonovia

SE

239,101‌

16,349‌

Zhongliang

Holdings

Group

Co

Ltd

3,183,500‌

2,095‌

$

45,580‌

REITs

-

9

.67

%

Alexandria

Real

Estate

Equities

Inc

68,408‌

11,200‌

Allied

Properties

Real

Estate

Investment

Trust

100,600‌

3,162‌

American

Homes

4

Rent

200,199‌

5,750‌

American

Tower

Corp

32,294‌

7,466‌

Ascendas

Real

Estate

Investment

Trust

1,473,500‌

3,254‌

Ascendas

Real

Estate

Investment

Trust

-

Rights

(e)

54,519‌

—‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

REITs

(continued)

AvalonBay

Communities

Inc

59,834‌

$

9,968‌

Camden

Property

Trust

88,100‌

8,707‌

CatchMark

Timber

Trust

Inc

171,605‌

1,646‌

CFE

Capital

S

de

RL

de

CV

5,410,851‌

7,041‌

Cousins

Properties

Inc

148,093‌

4,948‌

Crown

Castle

International

Corp

45,220‌

7,578‌

CubeSmart

96,732‌

3,147‌

Daiwa

Office

Investment

Corp

616‌

3,520‌

Dexus

708,077‌

5,073‌

Equinix

Inc

14,291‌

9,972‌

Essential

Properties

Realty

Trust

Inc

147,727‌

3,034‌

Essex

Property

Trust

Inc

35,928‌

8,834‌

Federal

Realty

Investment

Trust

32,000‌

2,791‌

Frasers

Logistics

&

Commercial

Trust

2,689,251‌

2,759‌

Gecina

SA

35,413‌

5,387‌

Goodman

Group

1,055,934‌

14,491‌

Industrial

&

Infrastructure

Fund

Investment

Corp

1,300‌

2,193‌

Inmobiliaria

Colonial

Socimi

SA

782,753‌

7,501‌

InterRent

Real

Estate

Investment

Trust

265,460‌

2,866‌

Invitation

Homes

Inc

423,077‌

12,092‌

Japan

Retail

Fund

Investment

Corp

1,446‌

2,292‌

Kilroy

Realty

Corp

45,791‌

2,801‌

Klepierre

SA

77,400‌

1,710‌

Link

REIT

889,770‌

7,779‌

Minto

Apartment

Real

Estate

Investment

Trust

327,342‌

4,812‌

Nippon

Prologis

REIT

Inc

(e)

2,467‌

7,732‌

Park

Hotels

&

Resorts

Inc

299,100‌

4,881‌

Physicians

Realty

Trust

129,448‌

2,246‌

PotlatchDeltic

Corp

115,017‌

5,353‌

Prologis

Inc

189,893‌

18,999‌

Rayonier

Inc

271,447‌

7,646‌

Regency

Centers

Corp

97,852‌

4,460‌

Rexford

Industrial

Realty

Inc

251,213‌

12,038‌

Segro

PLC

686,071‌

8,301‌

STORE

Capital

Corp

431,420‌

14,047‌

Summit

Industrial

Income

REIT

316,247‌

3,227‌

Sun

Communities

Inc

50,468‌

7,015‌

Sunstone

Hotel

Investors

Inc

195,480‌

2,053‌

UNITE

Group

PLC/The

(e)

337,880‌

4,441‌

United

Urban

Investment

Corp

3,413‌

3,844‌

VICI

Properties

Inc

162,618‌

4,113‌

Warehouses

De

Pauw

CVA

99,000‌

3,365‌

Welltower

Inc

232,712‌

14,656‌

Weyerhaeuser

Co

288,964‌

8,391‌

$

310,582‌

Retail

-

0

.01

%

Gymboree

Corp/The

(e),(h),(i)

17,842‌

9‌

Gymboree

Holding

Corp

(e),(h),(i)

48,577‌

24‌

Home

Depot

Inc/The

876‌

243‌

$

276‌

Software

-

0

.09

%

Avaya

Holdings

Corp

(e)

15,282‌

284‌

Skillsoft

-

Class

A

(e),(h),(i)

14,073‌

2,393‌

Skillsoft

-

Class

A

Warrants

(e)

282‌

—‌

Skillsoft

-

Class

B

(e),(h),(i)

192‌

41‌

Skillsoft

-

Class

B

Warrants

(e)

565‌

—‌

$

2,718‌

Storage

&

Warehousing

-

0

.11

%

Safestore

Holdings

PLC

330,851‌

3,402‌

Telecommunications

-

0

.04

%

Eutelsat

Communications

SA

95,902‌

1,056‌

Windstream

(e)

9,809‌

110‌

Windstream

-

Warrants

(e),(h),(i)

16,396‌

197‌

$

1,363‌

Transportation

-

0

.36

%

American

Commercial

Lines

Inc

(e)

573‌

22‌

American

Commercial

Lines

Inc

-

Warrants

(e)

603‌

23‌

East

Japan

Railway

Co

109,400‌

6,766‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

33

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Transportation

(continued)

West

Japan

Railway

Co

100,800‌

$

4,590‌

$

11,401‌

Water

-

1

.98

%

Aguas

Andinas

SA

24,233,743‌

7,030‌

American

States

Water

Co

10,402‌

768‌

American

Water

Works

Co

Inc

39,742‌

6,096‌

Artesian

Resources

Corp

2,383‌

88‌

Beijing

Enterprises

Water

Group

Ltd

(e)

1,444,000‌

585‌

California

Water

Service

Group

13,931‌

689‌

Cia

de

Saneamento

Basico

do

Estado

de

Sao

Paulo

ADR

96,378‌

800‌

Essential

Utilities

Inc

210,050‌

9,511‌

Guangdong

Investment

Ltd

810,000‌

1,343‌

Middlesex

Water

Co

4,925‌

337‌

Pennon

Group

PLC

118,713‌

1,484‌

Severn

Trent

PLC

308,269‌

9,741‌

SJW

Group

7,403‌

486‌

Suez

SA

114,265‌

2,186‌

United

Utilities

Group

PLC

1,608,562‌

19,160‌

Veolia

Environnement

SA

139,029‌

3,189‌

York

Water

Co/The

3,677‌

166‌

$

63,659‌

TOTAL

COMMON

STOCKS

$

1,716,722‌

PREFERRED

STOCKS

-

0

.25

%

Shares

Held

Value

(000's)

Electric

-

0

.24

%

Cia

de

Transmissao

de

Energia

Eletrica

Paulista

0.52%

1,492,900‌

$

7,568‌

Transportation

-

0

.01

%

American

Commercial

Lines

Inc

Preferred

A

0.32%

2,133‌

57‌

American

Commercial

Lines

Inc

Preferred

A

-

Anti-Dilution

Warrants

0.00%,

04/30/2045

(e),(h),(i)

2,243‌

52‌

American

Commercial

Lines

Inc

Preferred

A

-

Warrants

0.00%,

04/30/2045

(e),(h),(i)

2,243‌

52‌

American

Commercial

Lines

Inc

Preferred

B

0.42%

2,428‌

79‌

American

Commercial

Lines

Inc

Preferred

B

-

Anti-Dilution

Warrants

0.00%,

04/30/2045

(e)

1,706‌

55‌

American

Commercial

Lines

Inc

Preferred

B

-

Warrants

0.00%,

04/30/2045

(e)

1,706‌

55‌

$

350‌

TOTAL

PREFERRED

STOCKS

$

7,918‌

BONDS

-

12

.14

%

Principal

Amount

(000's)

Value

(000's)

Commercial

Mortgage

Backed

Securities

-

3

.70

%

BBCMS

2018-TALL

Mortgage

Trust

0.86%,

03/15/2037

(g)

$

6,000‌

$

5,812‌

1.00

x

1

Month

USD

LIBOR

+

0.72%

BBCMS

2019-BWAY

Mortgage

Trust

1.10%,

11/15/2034

(g)

7,670‌

7,463‌

1.00

x

1

Month

USD

LIBOR

+

0.96%

Benchmark

2019-B12

Mortgage

Trust

1.20%,

08/15/2052

(j),(k)

94,668‌

6,141‌

2.26%,

08/15/2052

2,391‌

2,441‌

Benchmark

2019-B15

Mortgage

Trust

0.95%,

12/15/2072

(j),(k)

16,071‌

925‌

2.00%,

12/15/2072

2,744‌

2,794‌

BF

2019-NYT

Mortgage

Trust

1.34%,

12/15/2035

(g)

5,950‌

5,937‌

1.00

x

1

Month

USD

LIBOR

+

1.20%

BHP

Trust

2019-BXHP

1.12%,

08/15/2036

(g)

5,493‌

5,339‌

1.00

x

1

Month

USD

LIBOR

+

0.98%

BX

Commercial

Mortgage

Trust

2018-IND

0.89%,

11/15/2035

(g)

2,621‌

2,620‌

1.00

x

1

Month

USD

LIBOR

+

0.75%

BX

Commercial

Mortgage

Trust

2019-XL

1.06%,

10/15/2036

(g)

6,816‌

6,816‌

1.00

x

1

Month

USD

LIBOR

+

0.92%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Mortgage

Backed

Securities

(continued)

BX

Commercial

Mortgage

Trust

2020-BXLP

0.94%,

12/15/2036

(g)

$

3,996‌

$

3,992‌

1.00

x

1

Month

USD

LIBOR

+

0.80%

BX

Trust

2018-EXCL

1.23%,

09/15/2037

(g)

5,762‌

5,329‌

1.00

x

1

Month

USD

LIBOR

+

1.09%

BX

Trust

2019-CALM

1.02%,

11/15/2032

(g)

2,500‌

2,482‌

1.00

x

1

Month

USD

LIBOR

+

0.88%

CAMB

Commercial

Mortgage

Trust

2019-LIFE

1.21%,

12/15/2037

(g)

4,562‌

4,559‌

1.00

x

1

Month

USD

LIBOR

+

1.07%

CGDB

Commercial

Mortgage

Trust

2019-MOB

1.09%,

11/15/2036

(g)

6,500‌

6,455‌

1.00

x

1

Month

USD

LIBOR

+

0.95%

Citigroup

Commercial

Mortgage

Trust

2019-GC41

1.19%,

08/10/2056

(j),(k)

80,510‌

5,638‌

1.95%,

08/10/2056

1,209‌

1,229‌

Citigroup

Commercial

Mortgage

Trust

2020-GC46

1.11%,

02/15/2053

(j),(k)

6,241‌

451‌

COMM

2018-HCLV

Mortgage

Trust

1.14%,

09/15/2033

(g)

10,120‌

9,638‌

1.00

x

1

Month

USD

LIBOR

+

1.00%

CORE

2019-CORE

Mortgage

Trust

1.02%,

12/15/2031

(g)

6,100‌

6,072‌

1.00

x

1

Month

USD

LIBOR

+

0.88%

DBCG

2017-BBG

Mortgage

Trust

0.84%,

06/15/2034

(g)

3,840‌

3,812‌

1.00

x

1

Month

USD

LIBOR

+

0.70%

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

1.09%,

05/25/2026

(j),(k)

69,915‌

3,250‌

1.44%,

07/25/2026

(j),(k)

12,096‌

742‌

GS

Mortgage

Securities

Corp

Trust

2019-SMP

1.29%,

08/15/2032

(g)

4,000‌

3,910‌

1.00

x

1

Month

USD

LIBOR

+

1.15%

GS

Mortgage

Securities

Corp

Trust

2019-SOHO

1.04%,

06/15/2036

(g)

3,000‌

2,978‌

1.00

x

1

Month

USD

LIBOR

+

0.90%

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

2019-BKWD

1.14%,

09/15/2029

(g)

5,000‌

4,912‌

1.00

x

1

Month

USD

LIBOR

+

1.00%

KNDL

2019-KNSQ

Mortgage

Trust

0.94%,

05/15/2036

(g)

2,000‌

1,995‌

1.00

x

1

Month

USD

LIBOR

+

0.80%

Merit

2020-Hill

1.29%,

08/15/2037

(g)

4,250‌

4,255‌

1.00

x

1

Month

USD

LIBOR

+

1.15%

UBS-Barclays

Commercial

Mortgage

Trust

2012-C3

3.09%,

08/10/2049

969‌

1,001‌

$

118,988‌

Electric

-

0

.05

%

Pacific

Gas

and

Electric

Co

3.15%,

01/01/2026

842‌

890‌

4.50%,

07/01/2040

587‌

659‌

$

1,549‌

Federal

&

Federally

Sponsored

Credit

-

1

.57

%

Federal

Farm

Credit

Banks

Funding

Corp

0.13%,

11/23/2022

(l)

2,500‌

2,497‌

0.16%,

06/28/2021

(l)

3,800‌

3,800‌

1

Month

USD

LIBOR

+

0.01%

0.16%,

12/27/2021

(l)

11,000‌

11,008‌

1

Month

USD

LIBOR

+

0.02%

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

34

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Federal

&

Federally

Sponsored

Credit

(continued)

Federal

Farm

Credit

Banks

Funding

Corp  

(continued)

0.18%,

09/23/2022

$

2,400‌

$

2,401‌

United

States

Secured

Overnight

Financing

Rate

+

0.09%

0.23%,

12/13/2021

2,100‌

2,102‌

1

Month

USD

LIBOR

+

0.09%

0.27%,

11/05/2021

(l)

15,000‌

15,018‌

1

Month

USD

LIBOR

+

0.13%

0.28%,

05/27/2022

(l)

12,000‌

12,013‌

Federal

Reserve

Bank

Prime

Loan

Rate

US

+

(2.97)%

0.38%,

01/18/2022

(l)

1,500‌

1,503‌

1

Month

USD

LIBOR

+

0.24%

$

50,342‌

Finance

-

Mortgage

Loan/Banker

-

5

.86

%

Fannie

Mae

0.20%,

03/04/2022

(l)

17,000‌

17,011‌

United

States

Secured

Overnight

Financing

Rate

+

0.22%

0.25%,

05/13/2022

(l)

7,000‌

7,012‌

United

States

Secured

Overnight

Financing

Rate

+

0.18%

0.31%,

05/06/2022

(l)

14,000‌

14,034‌

United

States

Secured

Overnight

Financing

Rate

+

0.23%

0.40%,

10/22/2021

1,000‌

1,003‌

United

States

Secured

Overnight

Financing

Rate

+

0.32%

0.44%,

04/07/2022

(l),(m)

40,000‌

40,158‌

United

States

Secured

Overnight

Financing

Rate

+

0.35%

0.48%,

04/15/2022

(l)

10,000‌

10,046‌

United

States

Secured

Overnight

Financing

Rate

+

0.39%

Federal

Home

Loan

Banks

0.13%,

04/05/2021

(l)

7,500‌

7,501‌

1

Month

USD

LIBOR

+

(0.01)%

0.13%,

05/03/2021

(l)

20,500‌

20,502‌

1

Month

USD

LIBOR

+

(0.01)%

0.14%,

10/15/2021

(l)

14,000‌

13,993‌

1

Month

USD

LIBOR

+

0.00%

0.14%,

11/10/2022

(l)

14,000‌

13,996‌

United

States

Secured

Overnight

Financing

Rate

+

0.07%

2.00%,

09/09/2022

(l)

9,700‌

10,011‌

Freddie

Mac

0.23%,

12/09/2021

(l)

6,000‌

6,006‌

United

States

Secured

Overnight

Financing

Rate

+

0.15%

0.24%,

03/04/2022

2,000‌

2,002‌

United

States

Secured

Overnight

Financing

Rate

+

0.15%

0.28%,

06/02/2022

(l)

15,000‌

15,028‌

United

States

Secured

Overnight

Financing

Rate

+

0.19%

0.40%,

09/23/2021

(l)

10,000‌

10,023‌

United

States

Secured

Overnight

Financing

Rate

+

0.32%

$

188,326‌

Media

-

0

.00

%

iHeartCommunications

Inc

8.38%,

05/01/2027

1‌

1‌

Sovereign

-

0

.96

%

Colombia

Government

International

Bond

3.00%,

01/30/2030

340‌

354‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Sovereign

(continued)

Italy

Buoni

Poliennali

Del

Tesoro

0.40%,

05/15/2030

(g)

EUR

1,070‌

$

1,340‌

1.30%,

05/15/2028

(g)

2,908‌

3,868‌

Japanese

Government

CPI

Linked

Bond

0.10%,

03/10/2028

JPY

375,022‌

3,603‌

0.10%,

03/10/2029

730,276‌

7,020‌

Mexico

Government

International

Bond

2.66%,

05/24/2031

$

395‌

395‌

4.50%,

04/22/2029

290‌

335‌

New

Zealand

Government

Bond

1.75%,

05/15/2041

NZD

2,670‌

1,927‌

New

Zealand

Government

Inflation

Linked

Bond

2.22%,

09/20/2025

2,732‌

2,141‌

2.50%,

09/20/2035

3,061‌

2,957‌

2.50%,

09/20/2040

919‌

932‌

3.00%,

09/20/2030

1,054‌

980‌

Panama

Government

International

Bond

4.50%,

04/01/2056

$

120‌

152‌

Spain

Government

Bond

0.50%,

04/30/2030

(g)

EUR

1,980‌

2,468‌

1.00%,

10/31/2050

(g)

655‌

804‌

Spain

Government

Inflation

Linked

Bond

1.00%,

11/30/2030

(g)

1,183‌

1,687‌

$

30,963‌

TOTAL

BONDS

$

390,169‌

COMMODITY

INDEXED

STRUCTURED

NOTES

-

0

.71

%

Principal

Amount

(000's)

Value

(000's)

Banks

-

0

.71

%

Royal

Bank

of

Canada;

Dow

Jones

-

UBS

Commodity

Index

Linked

Note

0.09%,

04/26/2021

(g),(k)

$

16,700‌

$

22,722‌

TOTAL

COMMODITY

INDEXED

STRUCTURED

NOTES

$

22,722‌

SENIOR

FLOATING

RATE

INTERESTS

-

7

.69

%

Principal

Amount

(000's)

Value

(000's)

Advertising

-

0

.14

%

Affinion

Group

Inc

5.00%,

PIK

1.75%,

04/10/2024

(n),(o)

$

356‌

$

214‌

1

Month

USD

LIBOR

+

4.00%

Checkout

Holding

Corp

2.00%,

PIK

9.50%,

08/15/2023

(n),(o)

261‌

40‌

3

Month

USD

LIBOR

+

1.00%

8.50%,

02/15/2023

(n)

167‌

114‌

3

Month

USD

LIBOR

+

7.50%

Clear

Channel

Outdoor

Holdings

Inc

3.71%,

08/07/2026

(n)

4,061‌

3,818‌

1

Month

USD

LIBOR

+

3.50%

Red

Ventures

LLC

2.65%,

11/08/2024

(n)

377‌

364‌

1

Month

USD

LIBOR

+

5.00%

$

4,550‌

Aerospace

&

Defense

-

0

.11

%

Dynasty

Acquisition

Co

Inc

3.72%,

04/06/2026

(n)

331‌

308‌

1

Month

USD

LIBOR

+

3.50%

Sequa

Mezzanine

Holdings

LLC

5.00%,

PIK

6.75%,

04/28/2024

(n),(o)

689‌

552‌

1

Month

USD

LIBOR

+

7.50%

8.75%,

11/28/2023

(n)

1,584‌

1,532‌

1

Month

USD

LIBOR

+

10.75%

Standard

Aero

Ltd

3.72%,

04/06/2026

(n)

178‌

166‌

1

Month

USD

LIBOR

+

3.50%

TransDigm

Inc

2.40%,

05/30/2025

(n)

475‌

460‌

1

Month

USD

LIBOR

+

1.75%

2.40%,

12/24/2025

(n)

512‌

496‌

1

Month

USD

LIBOR

+

2.25%

$

3,514‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

35

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Airlines

-

0

.12

%

Allegiant

Travel

Co

3.21%,

02/05/2024

(n)

$

340‌

$

327‌

1

Month

USD

LIBOR

+

3.00%

American

Airlines

Inc

2.14%,

12/14/2023

(n)

243‌

215‌

3

Month

USD

LIBOR

+

2.00%

2.15%,

04/28/2023

(n)

148‌

130‌

3

Month

USD

LIBOR

+

2.00%

Delta

Air

Lines

Inc

5.75%,

04/27/2023

(n)

342‌

345‌

1

Month

USD

LIBOR

+

4.75%

SkyMiles

IP

Ltd

4.75%,

09/16/2027

(n)

1,100‌

1,123‌

1

Month

USD

LIBOR

+

3.75%

WestJet

Airlines

Ltd

4.00%,

12/11/2026

(n)

1,679‌

1,573‌

3

Month

USD

LIBOR

+

2.75%

$

3,713‌

Apparel

-

0

.01

%

Champ

Acquisition

Corp

5.72%,

12/19/2025

(n)

458‌

446‌

3

Month

USD

LIBOR

+

5.50%

Automobile

Parts

&

Equipment

-

0

.06

%

Clarios

Global

LP

3.65%,

04/30/2026

(n)

1,825‌

1,804‌

3

Month

USD

LIBOR

+

3.00%

Biotechnology

-

0

.18

%

Concordia

International

Corp

6.50%,

09/06/2024

(n)

5,972‌

5,784‌

1

Week

USD

LIBOR

+

5.50%

Building

Materials

-

0

.02

%

Quikrete

Holdings

Inc

2.65%,

01/31/2027

(n)

790‌

778‌

1

Month

USD

LIBOR

+

8.25%

Casino

Hotels

-

0

.01

%

Golden

Nugget

LLC

3.25%,

10/04/2023

(n)

356‌

339‌

1

Month

USD

LIBOR

+

2.50%

Chemicals

-

0

.08

%

ASP

Unifrax

Holdings

Inc

3.97%,

12/12/2025

(n)

1,324‌

1,155‌

3

Month

USD

LIBOR

+

3.75%

INEOS

US

Finance

LLC

2.15%,

03/31/2024

(n)

234‌

229‌

3

Month

USD

LIBOR

+

2.00%

Innophos

Holdings

Inc

3.65%,

02/04/2027

(n)

712‌

706‌

1

Month

USD

LIBOR

+

3.75%

Lummus

Technology

Holdings

V

LLC

4.15%,

06/16/2027

(n)

500‌

499‌

1

Month

USD

LIBOR

+

4.00%

Tronox

Finance

LLC

3.18%,

09/20/2024

(n)

33‌

32‌

3

Month

USD

LIBOR

+

5.50%

$

2,621‌

Coal

-

0

.01

%

Peabody

Energy

Corp

2.90%,

03/31/2025

(n)

947‌

232‌

3

Month

USD

LIBOR

+

2.50%

Commercial

Services

-

0

.59

%

Belron

Finance

2.46%,

10/25/2026

(n)

493‌

480‌

1

Month

USD

LIBOR

+

2.50%

Fly

Funding

2.00%,

08/09/2025

(n)

900‌

801‌

3

Month

USD

LIBOR

+

1.75%

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Services

(continued)

Garda

World

Security

4.91%,

10/23/2026

(n)

$

356‌

$

355‌

1

Month

USD

LIBOR

+

4.75%

Hertz

Corp/The

1.44%,

12/31/2021

(n)

284‌

291‌

1

Month

USD

LIBOR

+

7.25%

3.50%,

06/30/2023

(n)

3,350‌

3,235‌

3

Month

USD

LIBOR

+

2.75%

HGIM

Corp

7.00%,

07/02/2023

(n)

1,277‌

608‌

3

Month

USD

LIBOR

+

6.00%

Midas

Intermediate

Holdco

II

LLC

0.00%,

08/18/2021

(n),(p)

825‌

780‌

3

Month

USD

LIBOR

+

5.25%

PAREXEL

International

Corp

2.90%,

09/27/2024

(n)

2,370‌

2,317‌

3

Month

USD

LIBOR

+

8.75%

Refinitiv

US

Holdings

Inc

3.40%,

10/01/2025

(n)

1,877‌

1,864‌

1

Month

USD

LIBOR

+

3.25%

Sabert

Corp

5.50%,

11/26/2026

(n)

493‌

489‌

1

Month

USD

LIBOR

+

4.50%

Syniverse

Holdings

Inc

6.00%,

02/09/2023

(n)

1,787‌

1,533‌

3

Month

USD

LIBOR

+

3.25%

10.00%,

02/09/2024

(n)

2,350‌

1,268‌

3

Month

USD

LIBOR

+

5.00%

Team

Health

Holdings

Inc

3.75%,

02/06/2024

(n)

1,174‌

1,021‌

3

Month

USD

LIBOR

+

2.50%

Trans

Union

LLC

1.90%,

11/13/2026

(n)

488‌

481‌

1

Month

USD

LIBOR

+

3.75%

Travelport

Finance

Luxembourg

Sarl

8.36%,

02/28/2025

(n)

470‌

454‌

1

Month

USD

LIBOR

+

3.50%

Verscend

Holding

Corp

4.65%,

08/27/2025

(n)

1,248‌

1,242‌

3

Month

USD

LIBOR

+

7.25%

Wand

NewCo

3

Inc

3.15%,

02/05/2026

(n)

1,236‌

1,201‌

1

Month

USD

LIBOR

+

6.00%

WEX

Inc

2.40%,

05/14/2026

(n)

457‌

448‌

3

Month

USD

LIBOR

+

2.25%

$

18,868‌

Computers

-

0

.19

%

Ahead

DB

Holdings

LLC

6.00%,

10/13/2027

(n)

600‌

577‌

1

Month

USD

LIBOR

+

5.00%

Conduent

Business

Services

LLC

1.90%,

12/07/2022

(n)

715‌

676‌

3

Month

USD

LIBOR

+

4.00%

Dell

International

LLC

2.75%,

09/12/2025

(n)

667‌

666‌

1

Month

USD

LIBOR

+

2.00%

iQor

US

Inc

0.00%,

PIK

0.00%,

04/01/2021

(e),(n),(o)

949‌

609‌

3

Month

USD

LIBOR

+

2.75%

McAfee

LLC

3.90%,

09/30/2024

(n)

934‌

931‌

3

Month

USD

LIBOR

+

3.75%

NCR

Corp

2.65%,

08/07/2026

(n)

490‌

482‌

1

Month

USD

LIBOR

+

5.75%

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

36

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Computers

(continued)

NeuStar

Inc

4.50%,

08/08/2024

(n)

$

697‌

$

664‌

3

Month

USD

LIBOR

+

2.25%

Perforce

Software

Inc

3.90%,

07/01/2026

(n)

414‌

405‌

1

Month

USD

LIBOR

+

3.25%

Tempo

Acquisition

LLC

3.75%,

11/02/2026

(n)

1,178‌

1,157‌

1

Month

USD

LIBOR

+

2.75%

$

6,167‌

Consumer

Products

-

0

.08

%

KIK

Custom

Products

Inc

5.00%,

05/15/2023

(n)

2,683‌

2,672‌

3

Month

USD

LIBOR

+

2.25%

Cosmetics

&

Personal

Care

-

0

.07

%

Coty

Inc

1.88%,

04/05/2023

(n)

1,288‌

1,209‌

1

Month

USD

LIBOR

+

1.75%

Revlon

Consumer

Products

Corp

4.25%,

07/21/2023

(n)

3,755‌

1,097‌

1

Month

USD

LIBOR

+

3.25%

$

2,306‌

Distribution

&

Wholesale

-

0

.04

%

Core

&

Main

LP

3.75%,

08/01/2024

(n)

706‌

695‌

3

Month

USD

LIBOR

+

3.00%

IAA

Inc

2.44%,

06/28/2026

(n)

209‌

207‌

3

Month

USD

LIBOR

+

2.25%

KAR

Auction

Services

Inc

2.44%,

09/11/2026

(n)

277‌

270‌

1

Month

USD

LIBOR

+

3.75%

$

1,172‌

Diversified

Financial

Services

-

0

.02

%

Avolon

TLB

Borrower

1

US

LLC

2.25%,

02/12/2027

(n)

406‌

393‌

1

Month

USD

LIBOR

+

1.50%

Ditech

Holding

Corp

0.00%,

06/30/2022

(e),(n)

1,225‌

377‌

3

Month

USD

LIBOR

+

4.75%

$

770‌

Electric

-

0

.05

%

Calpine

Corp

2.15%,

08/12/2026

(n)

931‌

916‌

1

Month

USD

LIBOR

+

2.00%

2.40%,

01/15/2024

(n)

324‌

322‌

1

Month

USD

LIBOR

+

2.25%

Exgen

Renewables

IV

LLC

4.00%,

11/28/2024

(n)

281‌

280‌

3

Month

USD

LIBOR

+

3.00%

$

1,518‌

Electronics

-

0

.01

%

TTM

Technologies

Inc

2.65%,

09/13/2024

(n)

408‌

402‌

3

Month

USD

LIBOR

+

6.50%

Engineering

&

Construction

-

0

.03

%

Atlantic

Aviation

FBO

Inc

3.90%,

12/06/2025

(n)

487‌

480‌

3

Month

USD

LIBOR

+

3.75%

Brand

Industrial

Services

Inc

5.25%,

06/21/2024

(n)

377‌

361‌

3

Month

USD

LIBOR

+

4.25%

$

841‌

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Entertainment

-

0

.36

%

Crown

Finance

US

Inc

2.77%,

02/07/2025

(n)

$

756‌

$

577‌

3

Month

USD

LIBOR

+

2.25%

3.02%,

09/30/2026

(n)

154‌

116‌

1

Month

USD

LIBOR

+

2.50%

Delta

2

Lux

Sarl

3.50%,

02/01/2024

(n)

1,877‌

1,824‌

3

Month

USD

LIBOR

+

4.25%

Lions

Gate

Capital

Holdings

LLC

2.40%,

03/24/2025

(n)

472‌

458‌

3

Month

USD

LIBOR

+

2.25%

Merlin

Entertainment

3.47%,

10/16/2026

(n)

933‌

878‌

3

Month

USD

LIBOR

+

3.25%

3.47%,

11/12/2026

(n)

155‌

146‌

3

Month

USD

LIBOR

+

3.25%

Metro-Goldwyn-Mayer

Inc

2.65%,

07/03/2025

(n)

1,804‌

1,751‌

3

Month

USD

LIBOR

+

2.00%

5.50%,

07/03/2026

(n)

500‌

491‌

3

Month

USD

LIBOR

+

3.50%

PCI

Gaming

Authority

2.65%,

05/29/2026

(n)

757‌

740‌

1

Month

USD

LIBOR

+

7.25%

Penn

National

Gaming

Inc

3.00%,

10/15/2025

(n)

648‌

636‌

3

Month

USD

LIBOR

+

3.75%

Scientific

Games

International

Inc

2.90%,

08/14/2024

(n)

1,383‌

1,334‌

1

Month

USD

LIBOR

+

2.50%

SeaWorld

Parks

&

Entertainment

Inc

3.75%,

04/01/2024

(n)

1,147‌

1,092‌

3

Month

USD

LIBOR

+

4.50%

Stars

Group

Holdings

BV

3.72%,

06/27/2025

(n)

340‌

341‌

3

Month

USD

LIBOR

+

3.00%

William

Morris

Endeavor

Entertainment

LLC

2.90%,

05/16/2025

(n)

1,295‌

1,170‌

3

Month

USD

LIBOR

+

2.00%

$

11,554‌

Environmental

Control

-

0

.09

%

GFL

Environmental

Inc

4.00%,

05/09/2025

(n)

2,857‌

2,849‌

3

Month

USD

LIBOR

+

3.50%

Food

-

0

.13

%

Atkins

Nutritionals

Holdings

Inc

4.75%,

07/07/2024

(n)

757‌

757‌

1

Month

USD

LIBOR

+

3.75%

Bellring

Brands

LLC

6.00%,

10/10/2024

(n)

1,280‌

1,283‌

1

Month

USD

LIBOR

+

5.00%

CHG

PPC

Parent

LLC

2.90%,

03/30/2025

(n)

241‌

236‌

3

Month

USD

LIBOR

+

2.75%

Froneri

US

Inc

2.40%,

01/29/2027

(n)

175‌

170‌

1

Month

USD

LIBOR

+

5.75%

5.90%,

01/28/2028

(n)

500‌

497‌

1

Month

USD

LIBOR

+

3.25%

Shearer's

Foods

LLC

4.75%,

09/15/2027

(n)

675‌

673‌

1

Month

USD

LIBOR

+

2.25%

US

Foods

Inc

1.90%,

06/27/2023

(n)

544‌

526‌

1

Month

USD

LIBOR

+

3.25%

$

4,142‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

37

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Food

Service

-

0

.02

%

8th

Avenue

Food

&

Provisions

Inc

3.65%,

09/19/2025

(n)

$

634‌

$

630‌

3

Month

USD

LIBOR

+

3.50%

Forest

Products

&

Paper

-

0

.03

%

Asplundh

Tree

Expert

LLC

2.64%,

08/19/2027

(n)

1,135‌

1,136‌

1

Month

USD

LIBOR

+

2.50%

Hand

&

Machine

Tools

-

0

.05

%

Alliance

Laundry

Systems

LLC

4.25%,

09/30/2027

(n)

750‌

748‌

1

Month

USD

LIBOR

+

3.50%

Apex

Tool

Group

LLC

6.50%,

08/01/2024

(n)

767‌

746‌

3

Month

USD

LIBOR

+

5.50%

$

1,494‌

Healthcare

-

Products

-

0

.18

%

Carestream

Health

Inc

5.50%,

PIK

8.00%,

08/08/2023

(n),(o)

603‌

440‌

1

Month

USD

LIBOR

+

4.50%

7.74%,

05/08/2023

(n)

1,307‌

1,268‌

1

Month

USD

LIBOR

+

6.75%

CPI

Holdco

LLC

4.40%,

10/28/2026

(n)

1,196‌

1,188‌

1

Month

USD

LIBOR

+

4.25%

LifeScan

Global

Corp

6.23%,

10/01/2024

(n)

886‌

837‌

3

Month

USD

LIBOR

+

6.00%

Viant

Medical

Holdings

Inc

3.90%,

07/02/2025

(n)

1,186‌

1,102‌

3

Month

USD

LIBOR

+

4.50%

Vyaire

Medical

Inc

5.75%,

04/11/2025

(n)

1,425‌

1,065‌

3

Month

USD

LIBOR

+

3.00%

$

5,900‌

Healthcare

-

Services

-

0

.68

%

AHP

Health

Partners

Inc

5.50%,

06/16/2025

(n)

1,653‌

1,649‌

3

Month

USD

LIBOR

+

4.50%

Air

Methods

Corp

4.50%,

04/12/2024

(n)

641‌

598‌

3

Month

USD

LIBOR

+

3.50%

ATI

Holdings

Acquisition

Inc

4.50%,

05/10/2023

(n)

645‌

616‌

3

Month

USD

LIBOR

+

3.50%

BW

NHHC

Holdco

Inc

5.22%,

05/15/2025

(n)

1,322‌

1,142‌

3

Month

USD

LIBOR

+

5.00%

Catalent

Pharma

Solutions

Inc

3.25%,

05/17/2026

(n)

485‌

484‌

3

Month

USD

LIBOR

+

2.25%

Envision

Healthcare

Corp

3.90%,

10/10/2025

(n)

3,996‌

3,247‌

3

Month

USD

LIBOR

+

3.75%

Eyecare

Partners

LLC

3.90%,

02/05/2027

(n)

482‌

461‌

1

Month

USD

LIBOR

+

3.75%

Gentiva

Health

Services

Inc

3.44%,

07/02/2025

(n)

1,107‌

1,099‌

1

Month

USD

LIBOR

+

3.25%

Global

Medical

Response

Inc

5.75%,

09/24/2025

(n)

2,000‌

1,973‌

1

Month

USD

LIBOR

+

4.75%

HCA

Inc

1.90%,

03/13/2025

(n)

292‌

291‌

1

Month

USD

LIBOR

+

1.75%

1.90%,

03/18/2026

(n)

833‌

830‌

1

Month

USD

LIBOR

+

1.75%

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Healthcare

-

Services

(continued)

Heartland

Dental

LLC

3.64%,

04/18/2025

(n)

$

121‌

$

116‌

3

Month

USD

LIBOR

+

3.75%

Jaguar

Holding

Co

II

3.50%,

08/18/2022

(n)

673‌

672‌

3

Month

USD

LIBOR

+

3.75%

LifePoint

Health

Inc

3.90%,

11/14/2025

(n)

3,076‌

3,028‌

1

Month

USD

LIBOR

+

3.50%

MMM

Holdings

LLC

6.75%,

10/30/2026

(n)

953‌

953‌

1

Month

USD

LIBOR

+

5.75%

Phoenix

Guarantor

Inc

3.40%,

03/05/2026

(n)

1,500‌

1,479‌

1

Month

USD

LIBOR

+

3.75%

Quorum

Health

Corp

9.25%,

04/29/2025

(n)

342‌

328‌

3

Month

USD

LIBOR

+

3.00%

Select

Medical

Corp

2.78%,

03/06/2025

(n)

1,248‌

1,225‌

3

Month

USD

LIBOR

+

6.75%

Surgery

Center

Holdings

Inc

4.25%,

06/20/2024

(n)

1,757‌

1,718‌

3

Month

USD

LIBOR

+

5.00%

$

21,909‌

Insurance

-

0

.15

%

Acrisure

LLC

3.65%,

02/12/2027

(n)

1,548‌

1,514‌

1

Month

USD

LIBOR

+

3.50%

Alliant

Holdings

Intermediate

LLC

3.40%,

05/09/2025

(n)

913‌

889‌

1

Month

USD

LIBOR

+

3.25%

BroadStreet

Partners

Inc

3.40%,

01/27/2027

(n)

616‌

599‌

1

Month

USD

LIBOR

+

3.25%

4.75%,

01/27/2027

(n)

236‌

232‌

1

Month

USD

LIBOR

+

3.75%

HUB

International

Ltd

2.96%,

04/25/2025

(n)

1,273‌

1,241‌

1

Month

USD

LIBOR

+

2.75%

5.00%,

04/25/2025

(n)

321‌

321‌

1

Month

USD

LIBOR

+

4.00%

$

4,796‌

Internet

-

0

.08

%

Ancestry.com

0.00%,

11/24/2027

(n),(p)

350‌

349‌

CNT

Holdings

I

Corp

4.50%,

10/16/2027

(n)

1,000‌

991‌

1

Month

USD

LIBOR

+

3.75%

Uber

Technologies

Inc

3.65%,

07/13/2023

(n)

887‌

882‌

3

Month

USD

LIBOR

+

4.00%

5.00%,

04/04/2025

(n)

326‌

325‌

3

Month

USD

LIBOR

+

1.75%

$

2,547‌

Leisure

Products

&

Services

-

0

.12

%

Alterra

Mountain

Co

2.90%,

07/31/2024

(n)

1,018‌

985‌

1

Month

USD

LIBOR

+

3.75%

Callaway

Golf

Co

4.65%,

01/02/2026

(n)

434‌

434‌

3

Month

USD

LIBOR

+

4.50%

Carnival

Corp

8.50%,

06/30/2025

(n)

433‌

448‌

1

Month

USD

LIBOR

+

5.75%

ClubCorp

Holdings

Inc

2.97%,

08/16/2024

(n)

1,225‌

1,085‌

3

Month

USD

LIBOR

+

2.75%

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

38

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Leisure

Products

&

Services

(continued)

Equinox

Holdings

Inc

4.00%,

03/08/2024

(n)

$

1,253‌

$

1,049‌

3

Month

USD

LIBOR

+

3.00%

$

4,001‌

Lodging

-

0

.17

%

Boyd

Gaming

Corp

2.32%,

09/15/2023

(n)

1,686‌

1,659‌

3

Month

USD

LIBOR

+

2.25%

Caesars

Resort

Collection

LLC

2.90%,

12/22/2024

(n)

2,049‌

1,981‌

3

Month

USD

LIBOR

+

2.75%

4.65%,

06/19/2025

(n)

1,000‌

990‌

1

Month

USD

LIBOR

+

4.50%

CityCenter

Holdings

LLC

3.00%,

04/18/2024

(n)

581‌

559‌

3

Month

USD

LIBOR

+

2.25%

Hilton

Worldwide

Finance

LLC

1.90%,

06/18/2026

(n)

399‌

389‌

3

Month

USD

LIBOR

+

1.75%

$

5,578‌

Machinery

-

Construction

&

Mining

-

0

.12

%

TNT

Crane

&

Rigging

Inc

7.50%,

10/16/2024

(n)

3,000‌

3,022‌

1

Month

USD

LIBOR

+

9.00%

Vertiv

Group

Corp

3.15%,

02/11/2027

(n)

744‌

732‌

1

Month

USD

LIBOR

+

4.50%

$

3,754‌

Machinery

-

Diversified

-

0

.07

%

Altra

Industrial

Motion

Corp

2.15%,

10/01/2025

(n)

385‌

378‌

3

Month

USD

LIBOR

+

2.00%

Gardner

Denver

Inc

2.90%,

03/01/2027

(n)

264‌

263‌

1

Month

USD

LIBOR

+

2.75%

NN

Inc

5.90%,

10/19/2022

(n)

139‌

137‌

1

Month

USD

LIBOR

+

2.75%

6.50%,

10/19/2022

(n)

109‌

109‌

1

Month

USD

LIBOR

+

2.50%

Vertical

US

Newco

4.57%,

06/30/2027

(n)

1,250‌

1,246‌

3

Month

USD

LIBOR

+

4.25%

$

2,133‌

Media

-

0

.52

%

Altice

Financing

SA

2.89%,

07/15/2025

(n)

1,807‌

1,737‌

3

Month

USD

LIBOR

+

3.25%

CSC

Holdings

LLC

2.39%,

07/17/2025

(n)

494‌

480‌

3

Month

USD

LIBOR

+

2.50%

2.64%,

04/27/2027

(n)

971‌

947‌

1

Month

USD

LIBOR

+

4.00%

Entercom

Media

Corp

2.64%,

11/18/2024

(n)

514‌

496‌

1

Month

USD

LIBOR

+

2.50%

EW

Scripps

Co/The

2.65%,

05/01/2026

(n)

1,463‌

1,430‌

1

Month

USD

LIBOR

+

2.50%

Gray

Television

Inc

2.40%,

02/07/2024

(n)

323‌

317‌

3

Month

USD

LIBOR

+

2.25%

2.65%,

01/02/2026

(n)

387‌

381‌

3

Month

USD

LIBOR

+

2.50%

Houghton

Mifflin

Harcourt

Publishers

Inc

7.25%,

11/19/2024

(n)

1,068‌

1,007‌

1

Month

USD

LIBOR

+

6.25%

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Media

(continued)

iHeartCommunications

Inc

3.15%,

05/01/2026

(n)

$

1,196‌

$

1,156‌

1

Month

USD

LIBOR

+

3.00%

LCPR

Loan

Financing

LLC

5.14%,

10/22/2026

(n)

1,065‌

1,065‌

1

Month

USD

LIBOR

+

8.25%

McGraw

Hill

LLC

5.00%,

05/04/2022

(n)

2,092‌

1,972‌

3

Month

USD

LIBOR

+

4.25%

Meredith

Corp

5.25%,

01/31/2025

(n)

434‌

433‌

1

Month

USD

LIBOR

+

2.50%

Nexstar

Broadcasting

Inc

2.40%,

01/17/2024

(n)

1,053‌

1,038‌

3

Month

USD

LIBOR

+

2.75%

2.90%,

09/18/2026

(n)

966‌

953‌

1

Month

USD

LIBOR

+

2.00%

Nielsen

Finance

LLC

2.13%,

10/04/2023

(n)

668‌

661‌

3

Month

USD

LIBOR

+

4.00%

Radiate

Holdco

LLC

4.25%,

09/11/2026

(n)

400‌

398‌

1

Month

USD

LIBOR

+

2.25%

Sinclair

Television

Group

Inc

2.40%,

01/03/2024

(n)

461‌

449‌

3

Month

USD

LIBOR

+

3.75%

Univision

Communications

Inc

3.75%,

03/15/2024

(n)

307‌

302‌

3

Month

USD

LIBOR

+

6.75%

WideOpenWest

Finance

LLC

4.25%,

08/18/2023

(n)

388‌

383‌

3

Month

USD

LIBOR

+

2.75%

Ziggo

Financing

Partnership

2.64%,

04/17/2028

(n)

1,125‌

1,100‌

1

Month

USD

LIBOR

+

7.50%

$

16,705‌

Miscellaneous

Manufacturers

-

0

.04

%

Gates

Global

LLC

3.75%,

03/31/2024

(n)

1,226‌

1,214‌

3

Month

USD

LIBOR

+

2.75%

Office

&

Business

Equipment

-

0

.01

%

Pitney

Bowes

Inc

5.65%,

01/17/2025

(n)

357‌

353‌

1

Month

USD

LIBOR

+

6.50%

Oil

&

Gas

-

0

.19

%

California

Resources

10.00%,

10/27/2025

(n)

774‌

766‌

1

Month

USD

LIBOR

+

9.00%

CITGO

Petroleum

Corp

7.25%,

03/28/2024

(n)

464‌

443‌

1

Month

USD

LIBOR

+

6.25%

Delek

US

Holdings

Inc

2.40%,

03/30/2025

(n)

945‌

883‌

3

Month

USD

LIBOR

+

2.25%

6.50%,

03/30/2025

(n)

1,161‌

1,133‌

1

Month

USD

LIBOR

+

5.50%

Fieldwood

Energy

LLC

0.00%,

04/11/2022

(e),(n)

8,736‌

1,944‌

3

Month

USD

LIBOR

+

5.25%

0.00%,

04/11/2023

(e),(n)

3,648‌

1‌

3

Month

USD

LIBOR

+

7.25%

9.75%,

08/04/2021

(n)

128‌

127‌

1

Month

USD

LIBOR

+

8.75%

Gulf

Finance

LLC

6.25%,

08/25/2023

(n)

1,073‌

778‌

3

Month

USD

LIBOR

+

5.25%

$

6,075‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

39

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Oil

&

Gas

Services

-

0

.04

%

PGS

ASA

7.73%,

03/19/2024

(n)

$

1,553‌

$

1,139‌

3

Month

USD

LIBOR

+

4.00%

Packaging

&

Containers

-

0

.17

%

Berry

Global

Inc

2.13%,

01/19/2024

(n)

931‌

922‌

1

Month

USD

LIBOR

+

2.00%

2.13%,

07/01/2026

(n)

506‌

496‌

1

Month

USD

LIBOR

+

2.00%

Graham

Packaging

Co

Inc

4.50%,

08/06/2027

(n)

695‌

694‌

1

Month

USD

LIBOR

+

3.75%

Kloeckner

Pentaplast

of

America

Inc

5.25%,

06/29/2022

(n)

1,603‌

1,581‌

3

Month

USD

LIBOR

+

3.50%

Plaze

Inc

5.25%,

08/03/2026

(n)

1,125‌

1,108‌

1

Month

USD

LIBOR

+

2.00%

Reynolds

Group

Holdings

Inc

2.90%,

02/05/2023

(n)

742‌

732‌

3

Month

USD

LIBOR

+

2.75%

$

5,533‌

Pharmaceuticals

-

0

.32

%

Amneal

Pharmaceuticals

LLC

3.69%,

05/04/2025

(n)

690‌

667‌

3

Month

USD

LIBOR

+

3.50%

Bausch

Health

Americas

Inc

2.89%,

11/14/2025

(n)

1,118‌

1,100‌

3

Month

USD

LIBOR

+

4.00%

3.12%,

05/19/2025

(n)

2,702‌

2,668‌

3

Month

USD

LIBOR

+

2.75%

Change

Healthcare

Holdings

LLC

3.60%,

03/01/2024

(n)

1,590‌

1,574‌

1

Month

USD

LIBOR

+

2.50%

Grifols

Worldwide

Operations

USA

Inc

2.07%,

11/15/2027

(n)

924‌

909‌

1

Month

USD

LIBOR

+

2.00%

Mallinckrodt

International

Finance

SA

5.50%,

09/24/2024

(n)

1,548‌

1,446‌

3

Month

USD

LIBOR

+

3.00%

5.75%,

02/24/2025

(n)

758‌

707‌

3

Month

USD

LIBOR

+

7.50%

Milano

Acquisition

Corp

4.75%,

08/17/2027

(n)

1,150‌

1,138‌

1

Month

USD

LIBOR

+

4.25%

$

10,209‌

Pipelines

-

0

.09

%

BCP

Renaissance

Parent

LLC

4.50%,

10/31/2024

(n)

461‌

432‌

3

Month

USD

LIBOR

+

3.50%

Blackstone

CQP

Holdco

LP

3.73%,

09/30/2024

(n)

972‌

961‌

3

Month

USD

LIBOR

+

3.50%

Buckeye

Partners

LP

2.90%,

11/15/2026

(n)

591‌

585‌

1

Month

USD

LIBOR

+

2.75%

Traverse

Midstream

Partners

LLC

6.50%,

09/21/2024

(n)

1,149‌

1,081‌

1

Month

USD

LIBOR

+

2.25%

$

3,059‌

Real

Estate

-

0

.10

%

Brookfield

Retail

Holdings

VII

Sub

3

LLC

3.15%,

08/27/2023

(n)

2,516‌

2,314‌

3

Month

USD

LIBOR

+

3.00%

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Real

Estate

(continued)

Realogy

Group

LLC

2.15%,

02/08/2023

(n)

$

465‌

$

451‌

3

Month

USD

LIBOR

+

3.50%

3.00%,

02/08/2025

(n)

458‌

443‌

3

Month

USD

LIBOR

+

2.50%

$

3,208‌

REITs

-

0

.03

%

Blackstone

Mortgage

Trust

Inc

2.40%,

04/23/2026

(n)

981‌

943‌

1

Month

USD

LIBOR

+

2.25%

Retail

-

0

.27

%

1011778

BC

ULC

1.90%,

11/14/2026

(n)

1,096‌

1,064‌

1

Month

USD

LIBOR

+

3.00%

Academy

Ltd

5.75%,

10/28/2027

(n)

1,000‌

983‌

1

Month

USD

LIBOR

+

5.00%

Belk

Inc

7.75%,

07/31/2025

(n)

1,386‌

450‌

1

Month

USD

LIBOR

+

6.75%

BJ's

Wholesale

Club

Inc

2.14%,

02/03/2024

(n)

82‌

81‌

1

Month

USD

LIBOR

+

2.00%

CWGS

Group

LLC

3.50%,

11/08/2023

(n)

2,427‌

2,382‌

3

Month

USD

LIBOR

+

2.75%

EG

America

LLC

4.22%,

02/07/2025

(n)

719‌

704‌

3

Month

USD

LIBOR

+

3.00%

LS

Group

OpCo

Acquistion

LLC

4.25%,

10/26/2027

(n)

750‌

743‌

1

Month

USD

LIBOR

+

5.00%

Mattress

Firm

Inc

0.00%,

11/24/2027

(n),(p)

600‌

594‌

1

Month

USD

LIBOR

+

3.75%

Petco

Animal

Supplies

Inc

4.25%,

01/26/2023

(n)

421‌

397‌

3

Month

USD

LIBOR

+

5.50%

Sally

Holdings

0.00%,

11/20/2024

(n),(p)

160‌

157‌

Serta

Simmons

Bedding

LLC

8.50%,

08/10/2023

(n)

61‌

61‌

1

Month

USD

LIBOR

+

7.50%

8.50%,

08/10/2023

(n)

383‌

345‌

1

Month

USD

LIBOR

+

4.00%

SRS

Distribution

Inc

3.15%,

05/23/2025

(n)

396‌

387‌

3

Month

USD

LIBOR

+

3.00%

Staples

Inc

5.21%,

04/09/2026

(n)

469‌

451‌

3

Month

USD

LIBOR

+

9.00%

$

8,799‌

Semiconductors

-

0

.06

%

Bright

Bidco

BV

4.50%,

06/30/2024

(n)

2,163‌

1,187‌

3

Month

USD

LIBOR

+

5.00%

MACOM

Technology

Solutions

Holdings

Inc

2.40%,

05/17/2024

(n)

375‌

365‌

3

Month

USD

LIBOR

+

2.25%

Microchip

Technology

Inc

2.15%,

05/29/2025

(n)

282‌

280‌

3

Month

USD

LIBOR

+

4.00%

$

1,832‌

Software

-

0

.96

%

athenahealth

Inc

4.75%,

02/11/2026

(n)

443‌

440‌

3

Month

USD

LIBOR

+

4.50%

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

40

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Software

(continued)

Blackboard

Inc

7.00%,

06/28/2024

(n)

$

1,720‌

$

1,699‌

1

Month

USD

LIBOR

+

6.00%

Boxer

Parent

Co

Inc

4.40%,

10/02/2025

(n)

322‌

318‌

3

Month

USD

LIBOR

+

4.25%

BY

Crown

Parent

LLC

4.00%,

01/31/2026

(n)

346‌

343‌

1

Month

USD

LIBOR

+

3.50%

Camelot

Finance

SA

3.15%,

10/30/2026

(n)

451‌

446‌

1

Month

USD

LIBOR

+

4.50%

Cengage

Learning

Inc

5.25%,

06/07/2023

(n)

1,787‌

1,658‌

3

Month

USD

LIBOR

+

4.25%

Ceridian

HCM

Holding

Inc

2.60%,

04/04/2025

(n)

768‌

750‌

1

Month

USD

LIBOR

+

2.50%

DiscoverOrg

LLC

3.90%,

02/01/2026

(n)

949‌

934‌

3

Month

USD

LIBOR

+

4.50%

DTI

Holdco

Inc

5.75%,

09/30/2023

(n)

668‌

599‌

3

Month

USD

LIBOR

+

4.75%

Dun

&

Bradstreet

Corp/The

3.85%,

02/06/2026

(n)

1,044‌

1,036‌

1

Month

USD

LIBOR

+

3.75%

Dynatrace

LLC

2.40%,

08/08/2025

(n)

208‌

205‌

1

Month

USD

LIBOR

+

2.75%

Epicor

Software

Corp

5.25%,

07/30/2027

(n)

2,164‌

2,166‌

1

Month

USD

LIBOR

+

4.25%

Finastra

USA

Inc

4.51%,

06/13/2024

(n)

1,083‌

1,048‌

3

Month

USD

LIBOR

+

3.50%

Greeneden

US

Holdings

II

LLC

0.00%,

10/08/2027

(n),(p)

2,761‌

2,750‌

1

Month

USD

LIBOR

+

4.00%

Greenway

Health

LLC

4.75%,

02/16/2024

(n)

266‌

236‌

3

Month

USD

LIBOR

+

4.25%

Informatica

LLC

3.40%,

02/14/2027

(n)

1,016‌

998‌

1

Month

USD

LIBOR

+

3.25%

MA

FinanceCo

LLC

2.65%,

06/21/2024

(n)

315‌

306‌

3

Month

USD

LIBOR

+

2.50%

5.25%,

05/29/2025

(n)

259‌

259‌

1

Month

USD

LIBOR

+

4.25%

Rackspace

Technology

Global

Inc

4.00%,

11/03/2023

(n)

3,197‌

3,174‌

3

Month

USD

LIBOR

+

2.25%

Riverbed

Technology

Inc

4.25%,

04/24/2022

(n)

1,658‌

1,491‌

3

Month

USD

LIBOR

+

3.00%

Seattle

SpinCo

Inc

2.65%,

06/21/2024

(n)

2,130‌

2,069‌

3

Month

USD

LIBOR

+

4.25%

Skillsoft

8.50%,

04/27/2025

(n)

1,503‌

1,483‌

3

Month

USD

LIBOR

+

7.50%

Skillsoft

First

Out

8.50%,

12/27/2024

(n)

217‌

217‌

1

Month

USD

LIBOR

+

7.50%

Software

Luxembourg

Acquisition

Sarl

8.50%,

12/27/2024

(n)

248‌

248‌

1

Month

USD

LIBOR

+

7.00%

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Software

(continued)

Sophia

LP

4.50%,

09/23/2027

(n)

$

1,048‌

$

1,040‌

1

Month

USD

LIBOR

+

6.75%

SS&C

Technologies

Inc

1.90%,

04/16/2025

(n)

301‌

295‌

1

Month

USD

LIBOR

+

1.75%

1.90%,

04/16/2025

(n)

228‌

224‌

1

Month

USD

LIBOR

+

1.75%

1.90%,

04/16/2025

(n)

1,286‌

1,267‌

1

Month

USD

LIBOR

+

3.25%

TIBCO

Software

Inc

3.91%,

06/30/2026

(n)

320‌

313‌

1

Month

USD

LIBOR

+

3.25%

Ultimate

Software

Group

Inc/The

3.90%,

05/03/2026

(n)

1,228‌

1,219‌

3

Month

USD

LIBOR

+

3.50%

4.75%,

05/04/2026

(n)

443‌

443‌

1

Month

USD

LIBOR

+

3.75%

Xperi

Holding

Corp

4.14%,

06/01/2025

(n)

172‌

171‌

1

Month

USD

LIBOR

+

3.00%

Zelis

Payments

Buyer

Inc

4.90%,

09/30/2026

(n)

1,027‌

1,026‌

1

Month

USD

LIBOR

+

7.50%

$

30,871‌

Telecommunications

-

0

.78

%

Altice

France

SA/France

4.24%,

08/14/2026

(n)

1,924‌

1,896‌

3

Month

USD

LIBOR

+

2.25%

Avaya

Inc

4.39%,

12/16/2024

(n)

1,087‌

1,085‌

3

Month

USD

LIBOR

+

4.25%

5.88%,

12/15/2027

(n)

1,465‌

1,445‌

1

Month

USD

LIBOR

+

4.25%

CenturyLink

Inc

2.40%,

03/15/2027

(n)

482‌

471‌

1

Month

USD

LIBOR

+

2.25%

CommScope

Inc

3.40%,

04/06/2026

(n)

1,265‌

1,242‌

3

Month

USD

LIBOR

+

3.25%

Connect

Finco

SARL

5.50%,

09/23/2026

(n)

1,116‌

1,113‌

1

Month

USD

LIBOR

+

2.50%

Frontier

Communications

Corp

0.00%,

10/08/2021

(n),(p)

55‌

55‌

1

Month

USD

LIBOR

+

4.75%

GTT

Communications

Inc

2.97%,

05/31/2025

(n)

345‌

266‌

3

Month

USD

LIBOR

+

2.75%

Infoblox

0.00%,

10/07/2027

(n),(p)

1,500‌

1,485‌

Intelsat

Jackson

Holdings

SA

6.50%,

07/13/2022

(n)

1,123‌

1,146‌

1

Month

USD

LIBOR

+

2.75%

7.87%,

11/27/2023

(n)

5,816‌

5,881‌

1

Month

USD

LIBOR

+

3.75%

8.63%,

01/02/2024

(n)

1,425‌

1,444‌

Intrado

Corp

4.50%,

10/10/2024

(n)

292‌

276‌

3

Month

USD

LIBOR

+

8.00%

5.00%,

10/10/2024

(n)

2,585‌

2,455‌

3

Month

USD

LIBOR

+

3.50%

Iridium

Satellite

LLC

4.75%,

10/16/2026

(n)

1,594‌

1,593‌

1

Month

USD

LIBOR

+

5.00%

Maxar

Technologies

Ltd

2.90%,

10/05/2024

(n)

895‌

867‌

3

Month

USD

LIBOR

+

1.75%

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

41

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Telecommunications

(continued)

MLN

US

Holdco

LLC

4.64%,

11/30/2025

(n)

$

492‌

$

429‌

3

Month

USD

LIBOR

+

4.50%

Plantronics

Inc

2.65%,

07/02/2025

(n)

892‌

860‌

3

Month

USD

LIBOR

+

6.00%

Windstream

Services

LLC

7.25%,

08/11/2027

(n)

887‌

847‌

1

Month

USD

LIBOR

+

6.25%

Zayo

Group

Holdings

Inc

3.15%,

02/19/2027

(n)

219‌

215‌

1

Month

USD

LIBOR

+

4.75%

$

25,071‌

Transportation

-

0

.04

%

CEVA

Logistics

Finance

BV

5.22%,

08/04/2025

(n)

481‌

462‌

3

Month

USD

LIBOR

+

4.00%

Genesee

&

Wyoming

Inc

2.22%,

11/06/2026

(n)

309‌

306‌

1

Month

USD

LIBOR

+

2.00%

XPO

Logistics

Inc

2.15%,

02/24/2025

(n)

394‌

390‌

3

Month

USD

LIBOR

+

1.75%

$

1,158‌

TOTAL

SENIOR

FLOATING

RATE

INTERESTS

$

247,089‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

-

23

.43

%

Principal

Amount

(000's)

Value

(000's)

U.S.

Treasury

-

3

.84

%

0.14%,

07/31/2022

(l)

$

63,000‌

$

63,008‌

US

Treasury

3

Month

Bill

Money

Market

Yield

+

0.11%

0.14%,

10/31/2022

(l)

11,000‌

10,999‌

US

Treasury

3

Month

Bill

Money

Market

Yield

+

0.06%

0.20%,

04/30/2022

(l)

17,000‌

17,016‌

US

Treasury

3

Month

Bill

Money

Market

Yield

+

0.11%

0.39%,

10/31/2021

(l),(q)

30,000‌

30,078‌

US

Treasury

3

Month

Bill

Money

Market

Yield

+

0.30%

1.13%,

08/15/2040

1,495‌

1,435‌

1.38%,

08/15/2050

870‌

828‌

$

123,364‌

U.S.

Treasury

Bill

-

0

.81

%

0.08%,

12/29/2020

(r)

1,000‌

1,000‌

0.09%,

01/28/2021

(l),(r)

3,000‌

3,000‌

0.09%,

05/27/2021

(r)

1,000‌

999‌

0.10%,

01/07/2021

(l),(r)

8,000‌

7,999‌

0.11%,

04/08/2021

(l),(r)

8,000‌

7,998‌

0.12%,

03/11/2021

(r)

5,000‌

4,999‌

$

25,995‌

U.S.

Treasury

Inflation-Indexed

Obligations

-

18

.78

%

0.13%,

04/15/2022

18,517‌

18,812‌

0.13%,

07/15/2022

23,314‌

23,894‌

0.13%,

01/15/2023

19,242‌

19,819‌

0.13%,

07/15/2024

19,661‌

20,798‌

0.13%,

10/15/2024

10,916‌

11,562‌

0.13%,

04/15/2025

26,048‌

27,658‌

0.13%,

10/15/2025

11,014‌

11,820‌

0.13%,

07/15/2026

13,158‌

14,251‌

0.13%,

01/15/2030

(q)

18,872‌

20,791‌

0.13%,

07/15/2030

20,512‌

22,721‌

0.25%,

01/15/2025

16,915‌

18,020‌

0.25%,

07/15/2029

13,269‌

14,795‌

0.25%,

02/15/2050

5,654‌

6,704‌

0.38%,

07/15/2023

22,113‌

23,205‌

0.38%,

07/15/2025

21,884‌

23,716‌

0.38%,

01/15/2027

16,561‌

18,209‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

U.S.

Treasury

Inflation-Indexed

Obligations

(continued)

0.38%,

07/15/2027

(q)

$

20,706‌

$

22,970‌

0.50%,

04/15/2024

3,602‌

3,819‌

0.50%,

01/15/2028

(q)

22,197‌

24,836‌

0.63%,

04/15/2023

21,368‌

22,316‌

0.63%,

01/15/2024

17,380‌

18,455‌

0.63%,

01/15/2026

(q)

19,610‌

21,571‌

0.63%,

02/15/2043

6,979‌

8,651‌

0.75%,

07/15/2028

(q)

21,016‌

24,131‌

0.75%,

02/15/2042

9,960‌

12,598‌

0.75%,

02/15/2045

10,608‌

13,601‌

0.88%,

01/15/2029

(q)

16,767‌

19,451‌

0.88%,

02/15/2047

6,766‌

9,045‌

1.00%,

02/15/2046

5,889‌

7,986‌

1.00%,

02/15/2048

6,338‌

8,782‌

1.00%,

02/15/2049

6,480‌

9,082‌

1.38%,

02/15/2044

10,280‌

14,730‌

1.75%,

01/15/2028

4,863‌

5,897‌

2.00%,

01/15/2026

7,928‌

9,302‌

2.13%,

02/15/2040

4,120‌

6,346‌

2.13%,

02/15/2041

5,498‌

8,567‌

2.38%,

01/15/2025

6,356‌

7,348‌

2.38%,

01/15/2027

7,436‌

9,127‌

2.50%,

01/15/2029

4,269‌

5,547‌

3.38%,

04/15/2032

3,294‌

4,959‌

3.63%,

04/15/2028

5,660‌

7,707‌

$

603,599‌

TOTAL

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

$

752,958‌

TOTAL

PURCHASED

OPTIONS

-

0.00%

$

27‌

TOTAL

PURCHASED

INTEREST

RATE

SWAPTIONS

-

0.06%

$

1,804‌

TOTAL

PURCHASED

CAPPED

OPTIONS

-

0.01%

$

209‌

Total

Investments

$

3,225,427‌

Other

Assets

and

Liabilities

-  (0.38)%

(

12,000‌

)

TOTAL

NET

ASSETS

-

100.00%

$

3,213,427‌

(a)

Security

or

a

portion

of

the

security

was

on

loan

at

the

end

of

the

period.

(b)

Current

yield

shown

is

as

of

period

end.

(c)

Security

or

a

portion

of

the

security

was

received

as

collateral

for

securities

lending.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$22,586

or

0.70%

of

net

assets.

(d)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940)

or

an

affiliate

as

defined

by

the

Investment

Company

Act

of

1940

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(e)

Non-income

producing

security

(f)

Restricted

Security.

Please

see

Restricted

Securities

sub-schedule

for

additional

information.

(g)

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$174,067

or

5.42%

of

net

assets.

(h)

The

value

of

these

investments

was

determined

using

significant

unobservable

inputs.

(i)

Fair

value

of

these

investments

is

determined

in

good

faith

by

the

Manager

under

procedures

established

and

periodically

reviewed

by

the

Board

of

Directors.

Certain

inputs

used

in

the

valuation

may

be

unobservable;

however,

each

security

is

evaluated

individually

for

purposes

of

ASC

820

which

results

in

not

all

securities

being

identified

as

Level

3

of

the

fair

value

hierarchy.

At

the

end

of

the

period,

the

fair

value

of

these

securities

totaled

$2,812

or

0.09%

of

net

assets.

(j)

Security

is

an

Interest

Only

Strip.

(k)

Certain

variable

rate

securities

are

not

based

on

a

published

reference

rate

and

spread

but

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.

Rate

shown

is

the

rate

in

effect

as

of

period

end.

(l)

All

or

a

portion

of

this

security

is

owned

by

the

DRA

Cayman

Corporation,

which

is

a

100%

owned

subsidiary

of

the

fund.

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

42

(m)

Security

or

a

portion

of

the

security

was

pledged

to

cover

margin

requirements

for

futures

contracts.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$22,589

or

0.70%

of

net

assets.

(n)

Rate

information

disclosed

is

based

on

an

average

weighted

rate

of

the

underlying

tranches

as

of

period

end.

(o)

Payment

in

kind;

the

issuer

has

the

option

of

paying

additional

securities

in

lieu

of

cash.

(p)

This

Senior

Floating

Rate

Note

will

settle

after

November

30,

2020,

at

which

time

the

interest

rate

will

be

determined.

(q)

Security

or

a

portion

of

the

security

was

pledged

to

cover

margin

requirements

for

swap

and/or

swaption

contracts.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$2,444

or

0.08%

of

net

assets.

(r)

Rate

shown

is

the

discount

rate

of

the

original

purchase.

Portfolio

Summary  (unaudited)

Sector

Percent

Government

31

.82‌

%

Utilities

12

.89‌

%

Financial

12

.10‌

%

Energy

9

.99‌

%

Basic

Materials

9

.48‌

%

Industrial

6

.85‌

%

Consumer,

Non-cyclical

6

.00‌

%

Mortgage

Securities

3

.70‌

%

Money

Market

Funds

2

.40‌

%

Consumer,

Cyclical

1

.80‌

%

Communications

1

.70‌

%

Technology

1

.31‌

%

Investment

Companies

0

.27‌

%

Purchased

Interest

Rate

Swaptions

0

.06‌

%

Purchased

Capped

Options

0

.01‌

%

Purchased

Options

0

.00‌

%

Other

Assets

and

Liabilities

(

0

.38‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

August

31,

2020

Purchases

Sales

November

30,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

69,408‌

$

630,140‌

$

633,811‌

$

65,737‌

$

69,408‌

$

630,140‌

$

633,811‌

$

65,737‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Restricted

Securities

Security

Name

Acquisition

Date

Cost

Value

Percent

of

Net

Assets

Advanz

Pharma

Corp

Ltd

08/08/2018

$

209‌

$

73‌

0.00%

Fieldwood

Energy

LLC

04/05/2018-08/29/2018

301‌

2‌

0.00%

Millennium

Health

LLC

03/15/2016

—‌

23‌

0.00%

Millennium

Health

LLC

03/15/2016

—‌

19‌

0.00%

Total

$

117‌

0.00%

Amounts

in

thousands.

Purchased

Capped

Options

Description

Counterparty

Range

Pay/

Receive

Floating

Rate

Notional

Amount

Exercise

Rate

Expiration

Date

Upfront

Payments

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Call

-

5Y-30Y

CMS

Index

Cap

Barclays

Bank

PLC

Max

(0,

5Y

CMS-0.30%)

Receive

$

38,200‌

0.30%

02/15/2022

$

67‌

$

191‌

$

124‌

Call

-

5Y-30Y

CMS

Index

Cap

Barclays

Bank

PLC

Max

(0,

5Y

CMS-0.30%)

Receive

3,630‌

0.30%

02/15/2022

15‌

18‌

3‌

Total

$

82‌

$

209‌

$

127‌

Written

Capped

Options

Description

Counterparty

Range

Pay/

Receive

Floating

Rate

Notional

Amount

Exercise

Rate

Expiration

Date

Upfront

Receipts

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Put

-

5Y-30Y

CMS

Index

Cap

Barclays

Bank

PLC

Max

(0,

5Y

CMS-0.55%)

Receive

$

19,100‌

0.55%

02/15/2022

$

(

15‌

)

$

(

57‌

)

$

(

42‌

)

Put

-

5Y-30Y

CMS

Index

Cap

Barclays

Bank

PLC

Max

(0,

5Y

CMS-0.55%)

Receive

19,100‌

0.55%

02/15/2022

(

20‌

)

(

58‌

)

(

38‌

)

Total

$

(

35‌

)

$

(

115‌

)

$

(

80‌

)

Amounts

in

thousands.

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

43

Options

Purchased

Options

Outstanding

Counterparty

Contracts/

Shares

Notional

Amount

Exercise

Price

Expiration

Date

Upfront

Payments

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Call

-

90

Day

Eurodollar

Future;

December

2021

N/A

204‌

$

510‌

$

99

.75‌

12/14/2021

$

40‌

$

27‌

$

(

13‌

)

Total

$

40‌

$

27‌

$

(

13‌

)

Written

Options

Outstanding

Counterparty

Contracts/

Shares

Notional

Amount

Exercise

Price

Expiration

Date

Upfront

Receipts

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Call

-

90

Day

Eurodollar

Future;

December

2021

N/A

51‌

$

128‌

$

100

.00‌

12/14/2021

$

(

8‌

)

$

(

2‌

)

$

6‌

Call

-

90

Day

Eurodollar

Future;

December

2021

N/A

102‌

255‌

$

99

.38‌

12/14/2021

(

51‌

)

(

100‌

)

(

49‌

)

Total

$

(

59‌

)

$

(

102‌

)

$

(

43‌

)

Amounts

in

thousands

except

contracts/shares.

Interest

Rate

Swaptions

Purchased

Swaptions

Outstanding

Counterparty

Floating

Rate

Index

Pay/

Receive

Floating

Rate

Notional

Amount

Exercise

Rate

Expiration

Date

Upfront

Payments

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Call

-

1

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Pay

$

6,340‌

0.82%

11/26/2024

$

23‌

$

24‌

$

1‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,490‌

3.09%

12/07/2038

69‌

233‌

164‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

560‌

3.05%

01/11/2029

32‌

86‌

54‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

560‌

3.08%

01/30/2029

32‌

87‌

55‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,760‌

1.46%

08/17/2021

63‌

98‌

35‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,956‌

2.98%

03/08/2024

90‌

329‌

239‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,330‌

2.95%

03/13/2024

60‌

220‌

160‌

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,120‌

1.50%

02/26/2025

59‌

60‌

1‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

280‌

1.42%

06/06/2025

20‌

14‌

(

6‌

)

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

505‌

1.28%

06/05/2025

27‌

22‌

(

5‌

)

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

740‌

0.89%

05/01/2025

40‌

21‌

(

19‌

)

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

505‌

1.42%

06/06/2025

27‌

25‌

(

2‌

)

Call

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

410‌

2.99%

04/28/2038

19‌

61‌

42‌

Call

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Pay

130‌

2.86%

02/23/2039

7‌

19‌

12‌

Call

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

560‌

3.04%

01/12/2029

32‌

85‌

53‌

Call

-

20

Year

Interest

Rate

Swap

Deutsche

Bank

AG

6

Month

JPY

LIBOR

Pay

JPY

3,760‌

0.78%

04/19/2021

2‌

4‌

2‌

Call

-

20

Year

Interest

Rate

Swap

JPMorgan

Chase

6

Month

JPY

LIBOR

Receive

39,560‌

0.78%

04/19/2021

12‌

38‌

26‌

Put

-

1

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

$

6,340‌

0.82%

11/26/2024

24‌

23‌

(

1‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,330‌

2.95%

03/13/2024

60‌

7‌

(

53‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,120‌

1.50%

02/26/2025

59‌

46‌

(

13‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,390‌

2.25%

08/09/2022

33‌

6‌

(

27‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,490‌

3.09%

12/07/2038

69‌

45‌

(

24‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

560‌

3.05%

01/11/2029

32‌

11‌

(

21‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

JPY

LIBOR

Pay

JPY

758,545‌

1.10%

06/30/2022

103‌

—‌

(

103‌

)

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

44

Interest

Rate

Swaptions

(continued)

Purchased

Swaptions

Outstanding

Counterparty

Floating

Rate

Index

Pay/

Receive

Floating

Rate

Notional

Amount

Exercise

Rate

Expiration

Date

Upfront

Payments

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

$

1,760‌

1.46%

08/17/2021

$

63‌

$

9‌

$

(

54‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

560‌

3.08%

01/30/2029

32‌

11‌

(

21‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,956‌

2.98%

03/08/2024

90‌

10‌

(

80‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

320‌

2.50%

06/21/2024

3‌

3‌

—‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

3,650‌

1.05%

12/10/2020

15‌

—‌

(

15‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

740‌

0.89%

05/01/2025

40‌

55‌

15‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

505‌

1.28%

06/05/2025

28‌

27‌

(

1‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

2,120‌

0.95%

12/22/2020

14‌

4‌

(

10‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

505‌

1.42%

06/06/2025

28‌

24‌

(

4‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

280‌

1.42%

06/06/2025

12‌

13‌

1‌

Put

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

130‌

2.86%

02/23/2039

6‌

4‌

(

2‌

)

Put

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

410‌

2.99%

04/28/2038

19‌

13‌

(

6‌

)

Put

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Receive

2,010‌

2.25%

08/03/2022

54‌

8‌

(

46‌

)

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

1,330‌

2.50%

06/21/2024

53‌

14‌

(

39‌

)

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

1,960‌

2.50%

06/14/2024

88‌

21‌

(

67‌

)

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

560‌

3.04%

01/12/2029

32‌

11‌

(

21‌

)

Put

-

20

Year

Interest

Rate

Swap

Deutsche

Bank

AG

6

Month

JPY

LIBOR

Receive

JPY

3,760‌

0.78%

04/19/2021

2‌

—‌

(

2‌

)

Put

-

20

Year

Interest

Rate

Swap

JPMorgan

Chase

6

Month

JPY

LIBOR

Receive

39,560‌

0.78%

04/19/2021

12‌

—‌

(

12‌

)

Put

-

30

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

$

2,210‌

2.85%

05/10/2022

128‌

13‌

(

115‌

)

Put

-

30

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,390‌

3.80%

06/08/2021

54‌

—‌

(

54‌

)

Total

$

1,767‌

$

1,804‌

$

37‌

Written

Swaptions

Outstanding

Counterparty

Floating

Rate

Index

Pay/

Receive

Floating

Rate

Notional

Amount

Exercise

Rate

Expiration

Date

Upfront

Receipts

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Call

-

1

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

$

880‌

0.37%

03/18/2021

$

(

1‌

)

$

(

1‌

)

$

—‌

Call

-

1

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

9,290‌

0.41%

03/18/2021

(

16‌

)

(

18‌

)

(

2‌

)

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

2,464‌

2.79%

03/09/2021

(

74‌

)

(

460‌

)

(

386‌

)

Call

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

1,590‌

3.05%

03/13/2029

(

84‌

)

(

243‌

)

(

159‌

)

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

915‌

1.06%

10/12/2022

(

31‌

)

(

27‌

)

4‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

1,190‌

0.74%

06/28/2021

(

31‌

)

(

11‌

)

20‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

1,070‌

0.45%

10/01/2021

(

10‌

)

(

5‌

)

5‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

1,030‌

0.82%

06/17/2021

(

27‌

)

(

13‌

)

14‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

110‌

0.74%

05/03/2022

(

3‌

)

(

2‌

)

1‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

2,120‌

0.65%

12/22/2020

(

9‌

)

(

1‌

)

8‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

45

Interest

Rate

Swaptions

(continued)

Written

Swaptions

Outstanding

Counterparty

Floating

Rate

Index

Pay/

Receive

Floating

Rate

Notional

Amount

Exercise

Rate

Expiration

Date

Upfront

Receipts

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

$

1,190‌

0.72%

06/30/2021

$

(

31‌

)

$

(

10‌

)

$

21‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

2,170‌

0.75%

06/03/2021

(

55‌

)

(

20‌

)

35‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

977‌

0.93%

10/07/2021

(

24‌

)

(

19‌

)

5‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

1,140‌

0.74%

05/03/2022

(

40‌

)

(

17‌

)

23‌

Call

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

1,190‌

0.67%

07/15/2021

(

30‌

)

(

9‌

)

21‌

Call

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

1,680‌

0.74%

04/20/2021

(

47‌

)

(

13‌

)

34‌

Call

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

5,728‌

1.53%

12/14/2020

(

27‌

)

(

149‌

)

(

122‌

)

Call

-

2

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Receive

5,725‌

1.51%

12/15/2020

(

27‌

)

(

146‌

)

(

119‌

)

Call

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Receive

EUR

2,400‌

0.12%

04/05/2022

(

31‌

)

(

47‌

)

(

16‌

)

Call

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Receive

2,780‌

0.02%

04/08/2022

(

36‌

)

(

68‌

)

(

32‌

)

Call

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Receive

1,023‌

0.14%

09/13/2022

(

16‌

)

(

19‌

)

(

3‌

)

Call

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Receive

690‌

0.02%

04/08/2022

(

14‌

)

(

17‌

)

(

3‌

)

Call

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Receive

1,020‌

0.04%

09/14/2022

(

16‌

)

(

24‌

)

(

8‌

)

Call

-

5

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

$

2,710‌

0.48%

01/20/2021

(

7‌

)

(

9‌

)

(

2‌

)

Put

-

1

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

27,720‌

2.15%

05/28/2021

(

78‌

)

—‌

78‌

Put

-

1

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

20,360‌

2.35%

05/18/2021

(

42‌

)

—‌

42‌

Put

-

1

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

34,330‌

2.40%

06/02/2021

(

62‌

)

—‌

62‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

4,670‌

1.00%

06/02/2021

(

71‌

)

(

57‌

)

14‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,070‌

1.05%

06/14/2021

(

16‌

)

(

12‌

)

4‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,950‌

2.10%

01/07/2022

(

45‌

)

(

5‌

)

40‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,950‌

2.15%

01/11/2022

(

45‌

)

(

4‌

)

41‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

730‌

1.10%

07/15/2021

(

8‌

)

(

8‌

)

—‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,300‌

1.85%

02/23/2022

(

23‌

)

(

6‌

)

17‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,300‌

1.85%

02/23/2022

(

22‌

)

(

6‌

)

16‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,390‌

2.75%

08/09/2022

(

17‌

)

(

3‌

)

14‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

750‌

1.10%

07/19/2021

(

7‌

)

(

8‌

)

(

1‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,590‌

3.05%

03/13/2029

(

84‌

)

(

31‌

)

53‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

4,810‌

2.75%

05/10/2022

(

140‌

)

(

7‌

)

133‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,216‌

1.60%

03/07/2022

(

20‌

)

(

10‌

)

10‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,000‌

0.95%

08/05/2021

(

11‌

)

(

18‌

)

(

7‌

)

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

2,930‌

3.87%

06/08/2021

(

57‌

)

—‌

57‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

2,464‌

2.79%

03/09/2021

(

73‌

)

—‌

73‌

Put

-

10

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

1,390‌

3.25%

08/09/2022

(

8‌

)

(

1‌

)

7‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

46

Interest

Rate

Swaptions

(continued)

Written

Swaptions

Outstanding

Counterparty

Floating

Rate

Index

Pay/

Receive

Floating

Rate

Notional

Amount

Exercise

Rate

Expiration

Date

Upfront

Receipts

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

$

1,190‌

0.74%

06/28/2021

$

(

31‌

)

$

(

32‌

)

$

(

1‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

2,508‌

1.15%

11/05/2021

(

34‌

)

(

36‌

)

(

2‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

1,190‌

0.72%

06/30/2021

(

31‌

)

(

34‌

)

(

3‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

1,190‌

0.67%

07/15/2021

(

30‌

)

(

39‌

)

(

9‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

2,140‌

1.45%

10/01/2021

(

15‌

)

(

13‌

)

2‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

680‌

1.15%

01/11/2022

(

10‌

)

(

11‌

)

(

1‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

1,140‌

0.74%

05/03/2022

(

39‌

)

(

49‌

)

(

10‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

100‌

1.05%

06/14/2021

(

1‌

)

(

1‌

)

—‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

977‌

0.93%

10/07/2021

(

23‌

)

(

21‌

)

2‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

2,170‌

0.75%

06/03/2021

(

54‌

)

(

54‌

)

—‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

915‌

1.06%

10/12/2022

(

31‌

)

(

29‌

)

2‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

1,090‌

0.95%

08/06/2021

(

12‌

)

(

19‌

)

(

7‌

)

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Receive

440‌

1.00%

06/02/2021

(

7‌

)

(

5‌

)

2‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

1,230‌

1.60%

03/01/2022

(

23‌

)

(

10‌

)

13‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

1,230‌

1.60%

03/04/2022

(

22‌

)

(

10‌

)

12‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

1,935‌

1.60%

03/07/2022

(

32‌

)

(

15‌

)

17‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

1,030‌

0.82%

06/17/2021

(

25‌

)

(

22‌

)

3‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

160‌

2.25%

08/21/2024

(

2‌

)

(

2‌

)

—‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

110‌

0.74%

05/03/2022

(

5‌

)

(

5‌

)

—‌

Put

-

10

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

1,790‌

1.60%

03/07/2022

(

18‌

)

(

14‌

)

4‌

Put

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Pay

2,010‌

2.75%

08/03/2022

(

28‌

)

(

4‌

)

24‌

Put

-

10

Year

Interest

Rate

Swap

JPMorgan

Chase

3

Month

USD

LIBOR

Pay

2,010‌

3.25%

08/03/2022

(

13‌

)

(

2‌

)

11‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

1,730‌

2.25%

08/21/2024

(

52‌

)

(

27‌

)

25‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

1,760‌

1.95%

01/31/2022

(

41‌

)

(

6‌

)

35‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

1,330‌

3.00%

06/21/2024

(

32‌

)

(

8‌

)

24‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

1,960‌

3.00%

06/14/2024

(

54‌

)

(

12‌

)

42‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

1,960‌

3.50%

06/14/2024

(

33‌

)

(

7‌

)

26‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

1,680‌

0.74%

04/20/2021

(

47‌

)

(

38‌

)

9‌

Put

-

10

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

1,330‌

3.50%

06/21/2024

(

20‌

)

(

5‌

)

15‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

EUR

2,400‌

0.00%

06/28/2021

(

5‌

)

—‌

5‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

10,110‌

0.10%

03/30/2021

(

35‌

)

—‌

35‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

7,830‌

0.10%

04/13/2021

(

26‌

)

—‌

26‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

7,830‌

0.16%

04/13/2021

(

27‌

)

—‌

27‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

47

Interest

Rate

Swaptions

(continued)

Written

Swaptions

Outstanding

Counterparty

Floating

Rate

Index

Pay/

Receive

Floating

Rate

Notional

Amount

Exercise

Rate

Expiration

Date

Upfront

Receipts

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

EUR

7,920‌

0.25%

09/06/2021

$

(

12‌

)

$

(

2‌

)

$

10‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

8,490‌

0.25%

09/07/2021

(

14‌

)

(

2‌

)

12‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

4,870‌

0.05%

06/11/2021

(

12‌

)

—‌

12‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

2,130‌

0.00%

06/15/2021

(

6‌

)

—‌

6‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

2,190‌

0.00%

06/15/2021

(

6‌

)

—‌

6‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Receive

$

2,400‌

3.25%

12/30/2020

(

9‌

)

—‌

9‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

EUR

2,200‌

0.00%

06/21/2021

(

5‌

)

—‌

5‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

2,570‌

0.00%

07/02/2021

(

5‌

)

—‌

5‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

4,950‌

0.11%

05/18/2021

(

16‌

)

—‌

16‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

3,330‌

0.15%

08/10/2021

(

4‌

)

—‌

4‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

5,880‌

0.15%

08/10/2021

(

8‌

)

(

1‌

)

7‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

2,500‌

0.05%

07/06/2021

(

5‌

)

—‌

5‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

2,630‌

0.00%

07/20/2021

(

5‌

)

—‌

5‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

3

Month

USD

LIBOR

Pay

$

5,728‌

1.53%

12/14/2020

(

27‌

)

—‌

27‌

Put

-

2

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

EUR

2,570‌

0.00%

06/22/2021

(

6‌

)

—‌

6‌

Put

-

2

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

6

Month

Euro

Interbank

Offered

Rate

Pay

7,790‌

0.15%

04/20/2021

(

28‌

)

—‌

28‌

Put

-

2

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

3

Month

USD

LIBOR

Pay

$

5,725‌

1.51%

12/15/2020

(

27‌

)

—‌

27‌

Put

-

2

Year

Interest

Rate

Swap

Morgan

Stanley

&

Co

6

Month

Euro

Interbank

Offered

Rate

Pay

EUR

3,140‌

0.08%

06/01/2021

(

9‌

)

—‌

9‌

Put

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

1,023‌

0.14%

09/13/2022

(

16‌

)

(

6‌

)

10‌

Put

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

690‌

0.02%

04/08/2022

(

6‌

)

(

2‌

)

4‌

Put

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

2,780‌

0.02%

04/08/2022

(

36‌

)

(

7‌

)

29‌

Put

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

2,400‌

0.12%

04/05/2022

(

31‌

)

(

8‌

)

23‌

Put

-

5

Year

Interest

Rate

Swap

Barclays

Bank

PLC

6

Month

Euro

Interbank

Offered

Rate

Pay

1,020‌

0.04%

09/14/2022

(

16‌

)

(

4‌

)

12‌

Put

-

5

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

$

2,710‌

0.48%

01/20/2021

(

7‌

)

(

4‌

)

3‌

Put

-

5

Year

Interest

Rate

Swap

Deutsche

Bank

AG

3

Month

USD

LIBOR

Pay

3,330‌

0.60%

09/06/2021

(

17‌

)

(

18‌

)

(

1‌

)

Total

$

(

2,707‌

)

$

(

2,108‌

)

$

599‌

Amounts

in

thousands.

Futures

Contracts

Description

and

Expiration

Date

Type

Contracts

Notional

Amount

Value

and

Unrealized

Appreciation/(Depreciation)

Brent

Crude;

March

2021

(a)

Long

151‌

$

7,241‌

$

711‌

Canada

10

Year

Bond;

March

2021

Short

30‌

3,438‌

(

4‌

)

Cocoa;

March

2021

(a)

Short

22‌

603‌

(

49‌

)

Coffee

'C';

March

2021

(a)

Short

197‌

9,109‌

(

19‌

)

Copper;

March

2021

(a)

Long

371‌

31,888‌

3,335‌

Corn;

March

2021

(a)

Short

233‌

4,963‌

16‌

Corn;

September

2021

(a)

Long

18‌

370‌

—‌

Cotton

No.2;

March

2021

(a)

Short

349‌

12,590‌

(

211‌

)

Euro

Bond

10

Year

Bond;

December

2020

Short

57‌

11,916‌

(

48‌

)

Euro

Buxl

30

Year

Bond;

December

2020

Short

3‌

811‌

9‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

48

Futures

Contracts

(continued)

Description

and

Expiration

Date

Type

Contracts

Notional

Amount

Value

and

Unrealized

Appreciation/(Depreciation)

Euro-BTP;

December

2020

Short

1‌

$

180‌

$

(

7‌

)

Feeder

Cattle;

January

2021

(a)

Long

63‌

4,443‌

59‌

Gasoline

RBOB;

January

2021

(a)

Short

166‌

8,656‌

(

569‌

)

Gasoline

RBOB;

March

2021

(a)

Short

108‌

5,760‌

(

372‌

)

Gold

100

oz;

April

2021

(a)

Long

215‌

38,373‌

(

1,724‌

)

KC

HRW

Wheat;

March

2021

(a)

Short

172‌

4,704‌

120‌

Lean

Hogs;

February

2021

(a)

Short

590‌

16,184‌

(

478‌

)

Live

Cattle;

February

2021

(a)

Short

210‌

9,481‌

(

8‌

)

LME

Lead;

December

2020

(a)

Short

—‌

—‌

170‌

LME

Lead;

June

2021

(a)

Long

52‌

2,709‌

72‌

LME

Nickel;

December

2020

(a)

Short

—‌

—‌

(

957‌

)

LME

Nickel;

January

2021

(a)

Long

1‌

96‌

5‌

LME

Nickel;

June

2021

(a)

Short

—‌

—‌

10‌

LME

Nickel;

March

2021

(a)

Short

72‌

6,929‌

(

140‌

)

LME

PRI

Alum;

December

2020

(a)

Short

—‌

—‌

214‌

LME

PRI

Alum;

January

2021

(a)

Long

1‌

51‌

7‌

LME

PRI

Alum;

June

2021

(a)

Long

409‌

20,961‌

1,524‌

LME

PRI

Alum;

March

2021

(a)

Short

—‌

—‌

18‌

LME

Zinc;

December

2020

(a)

Short

—‌

—‌

1,342‌

LME

Zinc;

March

2021

(a)

Long

224‌

15,648‌

748‌

Low

Sulphur

Gasoline;

January

2021

(a)

Short

156‌

6,084‌

(

598‌

)

Natural

Gas;

April

2022

(a)

Short

648‌

16,304‌

427‌

Natural

Gas;

January

2021

(a)

Long

969‌

27,927‌

(

287‌

)

Natural

Gas;

March

2022

(a)

Long

648‌

18,831‌

(

535‌

)

NY

Harb

ULSD;

January

2021

(a)

Long

284‌

16,358‌

(

27‌

)

NY

Harb

ULSD;

March

2021

(a)

Short

8‌

466‌

(

30‌

)

Platinum;

January

2021

(a)

Long

5‌

242‌

3‌

Silver;

March

2021

(a)

Long

1‌

113‌

(

11‌

)

Soybean

Meal;

January

2021

(a)

Long

206‌

8,044‌

492‌

Soybean

Oil;

December

2021

(a)

Long

262‌

5,497‌

97‌

Soybean

Oil;

March

2021

(a)

Long

442‌

9,884‌

881‌

Soybean;

January

2021

(a)

Long

116‌

6,777‌

103‌

Soybean;

November

2021

(a)

Long

171‌

8,907‌

23‌

Sugar

#11;

March

2021

(a)

Long

378‌

6,143‌

278‌

US

10

Year

Note;

March

2021

Short

100‌

13,817‌

(

26‌

)

US

10

Year

Ultra

Note;

March

2021

Short

25‌

3,928‌

(

5‌

)

US

2

Year

Note;

March

2021

Long

176‌

38,870‌

15‌

US

5

Year

Note;

March

2021

Long

3‌

378‌

—‌

US

Long

Bond;

March

2021

Short

2‌

350‌

—‌

US

Ultra

Bond;

March

2021

Short

1‌

216‌

—‌

Wheat;

March

2021

(a)

Short

268‌

7,839‌

190‌

WTI

Crude;

January

2021

(a)

Short

1,020‌

46,247‌

(

4,360‌

)

WTI

Crude;

June

2021

(a)

Long

794‌

36,341‌

1,989‌

Total

$

2,393‌

Amounts

in

thousands

except

contracts.

(a)

All

or

a

portion

of

this

security

is

owned

by

the

DRA

Cayman

Corporation,

which

is

a

100%

owned

subsidiary

of

the

fund.

Foreign

Currency

Contracts

Unrealized

Appreciation/(Depreciation)

Counterparty

Settlement

Date

Currency

to

Accept

Currency

to

Deliver

Asset

Liability

Bank

of

America

NA

12/16/2020

$

645‌

CAD

839‌

$

—‌

$

(

1‌

)

Barclays

Bank

PLC

12/03/2020

JPY

20,372‌

$

195‌

—‌

—‌

Barclays

Bank

PLC

12/03/2020

$

181‌

NZD

274‌

—‌

(

11‌

)

Barclays

Bank

PLC

12/03/2020

$

636‌

EUR

538‌

—‌

(

5‌

)

Barclays

Bank

PLC

12/17/2020

$

1,430‌

MXN

31,253‌

—‌

(

114‌

)

BNP

Paribas

12/03/2020

$

6,722‌

NZD

10,140‌

—‌

(

389‌

)

BNP

Paribas

12/16/2020

$

1,140‌

CAD

1,517‌

—‌

(

29‌

)

Citigroup

Inc

12/03/2020

$

145‌

GBP

112‌

—‌

(

4‌

)

Citigroup

Inc

12/11/2020

CAD

752‌

$

570‌

9‌

—‌

Citigroup

Inc

12/11/2020

$

570‌

CAD

751‌

—‌

(

8‌

)

Citigroup

Inc

12/16/2020

CAD

7,668‌

$

5,825‌

82‌

—‌

Citigroup

Inc

12/16/2020

$

3,470‌

CAD

4,579‌

—‌

(

56‌

)

Deutsche

Bank

AG

12/03/2020

JPY

1,106,813‌

$

10,643‌

—‌

(

41‌

)

Deutsche

Bank

AG

01/06/2021

$

10,652‌

JPY

1,106,813‌

39‌

—‌

Goldman

Sachs

&

Co

12/03/2020

EUR

4,132‌

$

4,921‌

8‌

—‌

Goldman

Sachs

&

Co

12/03/2020

$

6,085‌

EUR

5,195‌

—‌

(

113‌

)

Goldman

Sachs

&

Co

12/17/2020

MXN

32,336‌

$

1,430‌

168‌

—‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

49

Foreign

Currency

Contracts

(continued)

Unrealized

Appreciation/(Depreciation)

Counterparty

Settlement

Date

Currency

to

Accept

Currency

to

Deliver

Asset

Liability

Goldman

Sachs

&

Co

01/06/2021

$

4,926‌

EUR

4,132‌

$

—‌

$

(

8‌

)

HSBC

Securities

Inc

12/16/2020

$

570‌

CAD

750‌

—‌

(

8‌

)

JPMorgan

Chase

12/03/2020

$

14,881‌

JPY

1,553,791‌

—‌

(

3‌

)

JPMorgan

Chase

12/03/2020

$

16‌

CAD

22‌

—‌

—‌

Morgan

Stanley

&

Co

12/03/2020

JPY

426,464‌

$

4,083‌

2‌

—‌

Morgan

Stanley

&

Co

12/03/2020

$

1,687‌

NZD

2,424‌

—‌

(

13‌

)

Standard

Chartered

Bank,

Hong

Kong

12/03/2020

EUR

2,578‌

$

3,060‌

15‌

—‌

Standard

Chartered

Bank,

Hong

Kong

12/03/2020

$

188‌

GBP

143‌

—‌

(

2‌

)

UBS

AG

12/03/2020

EUR

4,132‌

$

4,943‌

—‌

(

14‌

)

UBS

AG

12/03/2020

NZD

12,768‌

$

8,960‌

—‌

(

7‌

)

UBS

AG

12/03/2020

$

6,071‌

EUR

5,196‌

—‌

(

127‌

)

UBS

AG

12/03/2020

$

1,027‌

GBP

794‌

—‌

(

32‌

)

UBS

AG

01/06/2021

$

8,960‌

NZD

12,768‌

9‌

—‌

UBS

AG

01/06/2021

$

4,948‌

EUR

4,132‌

14‌

—‌

Total

$

346‌

$

(

985‌

)

Amounts

in

thousands.

Exchange

Cleared

Interest

Rate

Swaps

Floating

Rate

Index

(Pay)/

Receive

Floating

Rate

Fixed

Rate

Payment

Frequency

Paid

by

Fund

Payment

Frequency

Received

by

Fund

Effective

Date

(a)

Maturity

Date

Notional

Amount

Unrealized

Appreciation/

(Depreciation)

Upfront

Payments/

(Receipts)

Fair

Value

3

Month

USD

LIBOR

Receive

0.63%

Semiannual

Quarterly

N/A

04/14/2025

$

3,090‌

$

(

35‌

)

$

—‌

$

(

35‌

)

3

Month

USD

LIBOR

Receive

0.50%

Semiannual

Quarterly

N/A

08/19/2027

360‌

2‌

—‌

2‌

3

Month

USD

LIBOR

Receive

0.97%

Semiannual

Quarterly

N/A

08/17/2040

300‌

12‌

—‌

12‌

3

Month

USD

LIBOR

Receive

0.50%

Semiannual

Quarterly

N/A

08/17/2027

640‌

4‌

—‌

4‌

3

Month

USD

LIBOR

Receive

0.88%

Semiannual

Quarterly

N/A

07/12/2053

350‌

44‌

—‌

44‌

3

Month

USD

LIBOR

Pay

0.65%

Quarterly

Semiannual

N/A

07/12/2028

1,890‌

(

23‌

)

—‌

(

23‌

)

3

Month

USD

LIBOR

Receive

0.67%

Semiannual

Quarterly

N/A

10/09/2030

1,070‌

18‌

—‌

18‌

3

Month

USD

LIBOR

Pay

0.25%

Quarterly

Semiannual

N/A

07/08/2023

2,610‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Receive

0.65%

Semiannual

Quarterly

N/A

11/04/2030

1,060‌

20‌

—‌

20‌

3

Month

USD

LIBOR

Receive

0.68%

Semiannual

Quarterly

N/A

09/16/2030

860‌

13‌

—‌

13‌

3

Month

USD

LIBOR

Pay

0.65%

Quarterly

Semiannual

N/A

06/20/2027

1,705‌

(

3‌

)

—‌

(

3‌

)

3

Month

USD

LIBOR

Receive

1.09%

Semiannual

Quarterly

N/A

06/20/2052

310‌

19‌

—‌

19‌

3

Month

USD

LIBOR

Pay

0.68%

Quarterly

Semiannual

N/A

06/20/2027

1,705‌

(

1‌

)

—‌

(

1‌

)

3

Month

USD

LIBOR

Receive

1.14%

Semiannual

Quarterly

N/A

06/20/2052

310‌

16‌

—‌

16‌

3

Month

USD

LIBOR

Receive

0.76%

Semiannual

Quarterly

N/A

06/03/2031

186‌

3‌

—‌

3‌

3

Month

USD

LIBOR

Pay

0.36%

Quarterly

Semiannual

N/A

06/02/2025

1,720‌

(

2‌

)

—‌

(

2‌

)

3

Month

USD

LIBOR

Receive

0.65%

Semiannual

Quarterly

N/A

06/02/2030

880‌

14‌

—‌

14‌

3

Month

USD

LIBOR

Receive

0.77%

Semiannual

Quarterly

N/A

05/06/2032

1,490‌

39‌

—‌

39‌

3

Month

USD

LIBOR

Receive

0.77%

Semiannual

Quarterly

N/A

05/04/2032

1,790‌

48‌

—‌

48‌

3

Month

USD

LIBOR

Receive

0.76%

Semiannual

Quarterly

N/A

05/03/2032

1,730‌

47‌

—‌

47‌

3

Month

USD

LIBOR

Receive

0.65%

Semiannual

Quarterly

N/A

04/20/2027

230‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Pay

0.82%

Quarterly

Semiannual

N/A

04/14/2030

1,610‌

2‌

—‌

2‌

3

Month

USD

LIBOR

Pay

0.36%

Quarterly

Semiannual

N/A

09/29/2022

1,380‌

3‌

—‌

3‌

3

Month

USD

LIBOR

Receive

0.55%

Semiannual

Quarterly

N/A

03/12/2021

11,570‌

(

10‌

)

—‌

(

10‌

)

3

Month

USD

LIBOR

Pay

1.25%

Quarterly

Semiannual

N/A

09/08/2050

190‌

(

1‌

)

—‌

(

1‌

)

3

Month

USD

LIBOR

Receive

0.82%

Semiannual

Quarterly

N/A

09/08/2025

1,110‌

(

22‌

)

—‌

(

22‌

)

3

Month

USD

LIBOR

Pay

0.68%

Quarterly

Semiannual

N/A

03/06/2022

1,720‌

10‌

—‌

10‌

3

Month

USD

LIBOR

Receive

1.11%

Semiannual

Quarterly

N/A

03/08/2032

545‌

(

5‌

)

—‌

(

5‌

)

3

Month

USD

LIBOR

Pay

0.88%

Quarterly

Semiannual

N/A

03/02/2023

2,905‌

38‌

—‌

38‌

3

Month

USD

LIBOR

Receive

2.46%

Semiannual

Quarterly

N/A

02/28/2022

9,730‌

(

270‌

)

—‌

(

270‌

)

3

Month

USD

LIBOR

Receive

1.10%

Semiannual

Quarterly

N/A

11/25/2050

360‌

16‌

—‌

16‌

3

Month

USD

LIBOR

Receive

0.86%

Semiannual

Quarterly

N/A

10/04/2031

90‌

1‌

—‌

1‌

3

Month

USD

LIBOR

Pay

0.23%

Quarterly

Semiannual

N/A

10/21/2022

540‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Pay

0.23%

Quarterly

Semiannual

N/A

10/21/2022

70‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Receive

1.03%

Semiannual

Quarterly

N/A

11/26/2031

330‌

(

1‌

)

—‌

(

1‌

)

3

Month

USD

LIBOR

Pay

0.86%

Quarterly

Semiannual

N/A

11/25/2030

270‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Receive

0.43%

Semiannual

Quarterly

N/A

05/31/2025

1,850‌

(

3‌

)

—‌

(

3‌

)

3

Month

USD

LIBOR

Receive

0.26%

Semiannual

Quarterly

N/A

12/15/2022

14,180‌

(

9‌

)

—‌

(

9‌

)

3

Month

USD

LIBOR

Pay

0.84%

Quarterly

Semiannual

N/A

11/24/2030

310‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Pay

0.85%

Quarterly

Semiannual

N/A

11/24/2030

310‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Pay

0.86%

Quarterly

Semiannual

N/A

11/23/2030

310‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Pay

0.87%

Quarterly

Semiannual

N/A

11/23/2030

390‌

1‌

—‌

1‌

3

Month

USD

LIBOR

Receive

1.74%

Semiannual

Quarterly

N/A

11/23/2030

2,420‌

(

212‌

)

1‌

(

211‌

)

3

Month

USD

LIBOR

Receive

0.40%

Semiannual

Quarterly

N/A

11/22/2023

2,775‌

(

2‌

)

—‌

(

2‌

)

3

Month

USD

LIBOR

Pay

0.40%

Quarterly

Semiannual

N/A

11/22/2023

2,775‌

2‌

—‌

2‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

50

Exchange

Cleared

Interest

Rate

Swaps

(continued)

Floating

Rate

Index

(Pay)/

Receive

Floating

Rate

Fixed

Rate

Payment

Frequency

Paid

by

Fund

Payment

Frequency

Received

by

Fund

Effective

Date

(a)

Maturity

Date

Notional

Amount

Unrealized

Appreciation/

(Depreciation)

Upfront

Payments/

(Receipts)

Fair

Value

3

Month

USD

LIBOR

Receive

0.57%

Semiannual

Quarterly

N/A

11/21/2024

$

620‌

$

—‌

$

—‌

$

—‌

3

Month

USD

LIBOR

Pay

0.87%

Quarterly

Semiannual

N/A

11/20/2030

530‌

1‌

—‌

1‌

3

Month

USD

LIBOR

Pay

0.79%

Quarterly

Semiannual

N/A

11/19/2025

6,330‌

(

1‌

)

—‌

(

1‌

)

3

Month

USD

LIBOR

Pay

2.52%

Quarterly

Semiannual

N/A

02/28/2025

700‌

64‌

—‌

64‌

3

Month

USD

LIBOR

Pay

0.88%

Quarterly

Semiannual

N/A

11/17/2030

130‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Receive

0.95%

Semiannual

Quarterly

N/A

11/12/2030

690‌

(

7‌

)

—‌

(

7‌

)

3

Month

USD

LIBOR

Receive

0.96%

Semiannual

Quarterly

N/A

12/11/2030

550‌

(

6‌

)

—‌

(

6‌

)

3

Month

USD

LIBOR

Receive

0.93%

Semiannual

Quarterly

N/A

11/12/2030

90‌

(

1‌

)

—‌

(

1‌

)

3

Month

USD

LIBOR

Receive

1.58%

Semiannual

Quarterly

N/A

11/09/2021

9,290‌

(

119‌

)

—‌

(

119‌

)

3

Month

USD

LIBOR

Receive

0.90%

Semiannual

Quarterly

N/A

11/05/2030

530‌

(

3‌

)

—‌

(

3‌

)

3

Month

USD

LIBOR

Receive

1.25%

Semiannual

Quarterly

N/A

11/05/2040

60‌

(

1‌

)

—‌

(

1‌

)

3

Month

USD

LIBOR

Pay

0.87%

Quarterly

Semiannual

N/A

12/02/2030

450‌

1‌

—‌

1‌

3

Month

USD

LIBOR

Receive

0.88%

Semiannual

Quarterly

N/A

11/04/2030

380‌

(

1‌

)

—‌

(

1‌

)

3

Month

USD

LIBOR

Pay

0.87%

Quarterly

Semiannual

N/A

12/02/2030

1,030‌

1‌

—‌

1‌

3

Month

USD

LIBOR

Receive

0.90%

Semiannual

Quarterly

N/A

10/27/2030

545‌

(

3‌

)

—‌

(

3‌

)

3

Month

USD

LIBOR

Receive

0.90%

Semiannual

Quarterly

N/A

10/27/2030

545‌

(

3‌

)

—‌

(

3‌

)

3

Month

USD

LIBOR

Receive

0.86%

Semiannual

Quarterly

N/A

10/26/2030

350‌

(

1‌

)

1‌

—‌

3

Month

USD

LIBOR

Receive

0.84%

Semiannual

Quarterly

N/A

10/26/2030

350‌

—‌

—‌

—‌

3

Month

USD

LIBOR

Pay

0.83%

Quarterly

Semiannual

N/A

12/23/2030

1,270‌

(

4‌

)

—‌

(

4‌

)

3

Month

USD

LIBOR

Receive

0.96%

Semiannual

Quarterly

N/A

11/12/2030

650‌

(

7‌

)

—‌

(

7‌

)

3

Month

USD

LIBOR

Pay

1.10%

Quarterly

Semiannual

N/A

03/01/2023

5,810‌

100‌

—‌

100‌

3

Month

USD

LIBOR

Receive

0.25%

Semiannual

Quarterly

N/A

12/01/2022

3,520‌

(

2‌

)

—‌

(

2‌

)

3

Month

USD

LIBOR

Receive

1.65%

Semiannual

Quarterly

N/A

08/22/2034

535‌

(

16‌

)

—‌

(

16‌

)

3

Month

USD

LIBOR

Receive

1.93%

Semiannual

Quarterly

N/A

10/22/2034

540‌

(

30‌

)

—‌

(

30‌

)

3

Month

USD

LIBOR

Receive

1.91%

Semiannual

Quarterly

N/A

10/21/2034

20‌

(

1‌

)

—‌

(

1‌

)

3

Month

USD

LIBOR

Receive

1.98%

Semiannual

Quarterly

N/A

10/23/2034

240‌

(

14‌

)

—‌

(

14‌

)

3

Month

USD

LIBOR

Pay

3.21%

Quarterly

Semiannual

N/A

10/29/2024

4,535‌

511‌

—‌

511‌

3

Month

USD

LIBOR

Pay

1.17%

Quarterly

Semiannual

N/A

09/08/2021

2,650‌

19‌

—‌

19‌

3

Month

USD

LIBOR

Receive

2.10%

Semiannual

Quarterly

N/A

10/23/2039

100‌

(

5‌

)

—‌

(

5‌

)

3

Month

USD

LIBOR

Pay

1.93%

Quarterly

Semiannual

N/A

12/01/2056

50‌

6‌

—‌

6‌

3

Month

USD

LIBOR

Receive

1.67%

Semiannual

Quarterly

N/A

08/17/2049

180‌

(

3‌

)

—‌

(

3‌

)

3

Month

USD

LIBOR

Receive

1.71%

Semiannual

Quarterly

N/A

08/16/2049

240‌

(

4‌

)

—‌

(

4‌

)

3

Month

USD

LIBOR

Receive

2.40%

Semiannual

Quarterly

N/A

02/26/2022

37,510‌

(

1,014‌

)

—‌

(

1,014‌

)

3

Month

USD

LIBOR

Receive

1.98%

Semiannual

Quarterly

N/A

10/23/2034

240‌

(

14‌

)

—‌

(

14‌

)

3

Month

USD

LIBOR

Pay

1.71%

Quarterly

Semiannual

N/A

07/13/2022

19,600‌

292‌

—‌

292‌

3

Month

USD

LIBOR

Pay

1.83%

Quarterly

Semiannual

N/A

02/10/2050

180‌

26‌

—‌

26‌

3

Month

USD

LIBOR

Receive

1.77%

Semiannual

Quarterly

N/A

07/12/2023

19,920‌

(

299‌

)

—‌

(

299‌

)

3

Month

USD

LIBOR

Receive

2.38%

Semiannual

Quarterly

N/A

07/05/2049

300‌

(

21‌

)

—‌

(

21‌

)

3

Month

USD

LIBOR

Receive

2.33%

Semiannual

Quarterly

N/A

06/24/2034

150‌

(

14‌

)

—‌

(

14‌

)

3

Month

USD

LIBOR

Receive

1.77%

Semiannual

Quarterly

N/A

06/15/2021

9,380‌

(

78‌

)

—‌

(

78‌

)

3

Month

USD

LIBOR

Receive

1.87%

Semiannual

Quarterly

N/A

06/03/2022

12,690‌

(

209‌

)

—‌

(

209‌

)

3

Month

USD

LIBOR

Pay

2.53%

Semiannual

Semiannual

N/A

02/07/2022

55,240‌

1,530‌

(

17‌

)

1,513‌

3

Month

USD

LIBOR

Receive

2.57%

Semiannual

Quarterly

N/A

02/07/2025

5,220‌

(

488‌

)

4‌

(

484‌

)

3

Month

USD

LIBOR

Pay

3.09%

Quarterly

Semiannual

N/A

11/29/2024

6,660‌

732‌

—‌

732‌

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.41)%

Annual

Semiannual

N/A

02/16/2023

EUR

2,420‌

(

7‌

)

—‌

(

7‌

)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.43)%

Semiannual

Annual

N/A

08/05/2023

1,020‌

2‌

—‌

2‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.41)%

Semiannual

Annual

N/A

07/27/2023

1,280‌

4‌

(

1‌

)

3‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.43)%

Semiannual

Annual

N/A

08/09/2023

810‌

2‌

—‌

2‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.33)%

Semiannual

Annual

N/A

02/12/2023

1,390‌

6‌

—‌

6‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.41)%

Semiannual

Annual

N/A

07/20/2023

2,700‌

7‌

—‌

7‌

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.17)%

Annual

Semiannual

N/A

11/11/2024

460‌

(

7‌

)

—‌

(

7‌

)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.40)%

Semiannual

Annual

N/A

07/08/2023

1,250‌

3‌

1‌

4‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.42)%

Semiannual

Annual

N/A

07/02/2023

1,870‌

4‌

—‌

4‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.40)%

Semiannual

Annual

N/A

06/25/2023

1,310‌

4‌

—‌

4‌

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.40)%

Annual

Semiannual

N/A

07/21/2022

2,610‌

(

6‌

)

—‌

(

6‌

)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.25)%

Semiannual

Annual

N/A

08/16/2027

1,880‌

12‌

—‌

12‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.36)%

Semiannual

Annual

N/A

10/18/2027

850‌

(

1‌

)

—‌

(

1‌

)

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.40)%

Annual

Semiannual

N/A

02/16/2023

2,370‌

(

7‌

)

—‌

(

7‌

)

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.29)%

Annual

Semiannual

N/A

07/26/2023

7,870‌

(

42‌

)

(

1‌

)

(

43‌

)

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.30)%

Annual

Semiannual

N/A

07/25/2023

5,450‌

(

28‌

)

—‌

(

28‌

)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.45)%

Semiannual

Annual

N/A

08/11/2023

830‌

1‌

—‌

1‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.58)%

Semiannual

Annual

N/A

08/17/2023

700‌

(

1‌

)

—‌

(

1‌

)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.50)%

Semiannual

Annual

N/A

09/14/2023

1,800‌

1‌

—‌

1‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.43)%

Semiannual

Annual

N/A

09/14/2023

530‌

1‌

—‌

1‌

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.26)%

Annual

Semiannual

N/A

08/16/2027

470‌

(

3‌

)

—‌

(

3‌

)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.45)%

Semiannual

Annual

N/A

09/28/2023

430‌

1‌

—‌

1‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.40)%

Semiannual

Annual

N/A

10/18/2027

200‌

(

1‌

)

—‌

(

1‌

)

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

51

Exchange

Cleared

Interest

Rate

Swaps

(continued)

Floating

Rate

Index

(Pay)/

Receive

Floating

Rate

Fixed

Rate

Payment

Frequency

Paid

by

Fund

Payment

Frequency

Received

by

Fund

Effective

Date

(a)

Maturity

Date

Notional

Amount

Unrealized

Appreciation/

(Depreciation)

Upfront

Payments/

(Receipts)

Fair

Value

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.42)%

Semiannual

Annual

N/A

06/24/2023

EUR

1,320‌

$

3‌

$

—‌

$

3‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.43)%

Semiannual

Annual

N/A

09/21/2025

410‌

1‌

—‌

1‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.28)%

Semiannual

Annual

N/A

09/19/2027

370‌

1‌

—‌

1‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.47)%

Semiannual

Annual

N/A

09/13/2023

2,340‌

2‌

1‌

3‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.44)%

Semiannual

Annual

N/A

08/24/2023

1,130‌

2‌

—‌

2‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.44)%

Semiannual

Annual

N/A

10/06/2023

540‌

1‌

—‌

1‌

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.17)%

Annual

Semiannual

N/A

12/13/2023

2,370‌

(

18‌

)

(

1‌

)

(

19‌

)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.34)%

Semiannual

Annual

N/A

07/20/2026

1,030‌

5‌

—‌

5‌

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.45)%

Annual

Semiannual

N/A

12/16/2021

2,045‌

(

2‌

)

1‌

(

1‌

)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.34)%

Semiannual

Annual

N/A

10/02/2022

2,120‌

8‌

—‌

8‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.32)%

Semiannual

Annual

N/A

09/29/2022

1,080‌

5‌

—‌

5‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.28)%

Semiannual

Annual

N/A

06/26/2022

436‌

2‌

—‌

2‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.29)%

Semiannual

Annual

N/A

06/25/2022

436‌

2‌

—‌

2‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.25)%

Semiannual

Annual

N/A

06/24/2022

1,162‌

5‌

1‌

6‌

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.18)%

Annual

Semiannual

N/A

03/24/2023

4,700‌

(

36‌

)

(

2‌

)

(

38‌

)

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.18)%

Annual

Semiannual

N/A

03/24/2023

4,695‌

(

37‌

)

(

2‌

)

(

39‌

)

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.17)%

Annual

Semiannual

N/A

03/24/2023

4,695‌

(

38‌

)

(

2‌

)

(

40‌

)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.33)%

Semiannual

Annual

N/A

10/02/2022

1,980‌

8‌

—‌

8‌

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.26)%

Annual

Semiannual

N/A

09/22/2022

2,360‌

(

13‌

)

—‌

(

13‌

)

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.34)%

Annual

Semiannual

N/A

03/20/2022

1,220‌

(

3‌

)

—‌

(

3‌

)

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.35)%

Annual

Semiannual

N/A

03/20/2022

1,210‌

(

3‌

)

—‌

(

3‌

)

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.38)%

Annual

Semiannual

N/A

06/19/2022

1,720‌

(

4‌

)

—‌

(

4‌

)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.49)%

Semiannual

Annual

N/A

03/09/2022

1,730‌

1‌

(

1‌

)

—‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.48)%

Semiannual

Annual

N/A

03/06/2022

950‌

1‌

(

1‌

)

—‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.48)%

Semiannual

Annual

N/A

03/05/2022

2,560‌

2‌

(

1‌

)

1‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.47)%

Semiannual

Annual

N/A

03/04/2023

1,290‌

2‌

—‌

2‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.41)%

Semiannual

Annual

N/A

03/02/2023

2,340‌

6‌

—‌

6‌

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.30)%

Annual

Semiannual

N/A

03/23/2022

4,410‌

(

14‌

)

(

1‌

)

(

15‌

)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.30)%

Semiannual

Annual

N/A

07/16/2022

1,830‌

7‌

1‌

8‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.28)%

Semiannual

Annual

N/A

06/30/2022

436‌

2‌

—‌

2‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.30)%

Semiannual

Annual

N/A

07/20/2022

2,550‌

10‌

—‌

10‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.35)%

Semiannual

Annual

N/A

11/02/2022

1,420‌

6‌

—‌

6‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.34)%

Semiannual

Annual

N/A

05/03/2023

1,410‌

6‌

—‌

6‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.37)%

Semiannual

Annual

N/A

05/06/2023

470‌

2‌

—‌

2‌

6

Month

Euro

Interbank

Offered

Rate

Receive

0.19%

Annual

Semiannual

N/A

01/16/2030

1,020‌

(

51‌

)

(

3‌

)

(

54‌

)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.31)%

Semiannual

Annual

N/A

04/29/2023

670‌

3‌

—‌

3‌

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.30)%

Semiannual

Annual

N/A

01/16/2022

4,940‌

13‌

—‌

13‌

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.05)%

Annual

Semiannual

N/A

01/03/2024

1,335‌

(

14‌

)

(

1‌

)

(

15‌

)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.38)%

Semiannual

Annual

N/A

05/04/2023

1,410‌

5‌

—‌

5‌

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.06)%

Annual

Semiannual

N/A

01/03/2024

1,335‌

(

14‌

)

—‌

(

14‌

)

6

Month

Euro

Interbank

Offered

Rate

Receive

(0.18)%

Annual

Semiannual

N/A

03/18/2025

120‌

(

2‌

)

—‌

(

2‌

)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.30)%

Semiannual

Annual

N/A

07/20/2022

2,200‌

9‌

—‌

9‌

6

Month

JPY

LIBOR

Receive

0.17%

Semiannual

Semiannual

N/A

08/08/2039

JPY

8,330‌

1‌

—‌

1‌

6

Month

JPY

LIBOR

Receive

0.72%

Semiannual

Semiannual

N/A

03/21/2044

8,220‌

(

5‌

)

—‌

(

5‌

)

6

Month

JPY

LIBOR

Receive

0.34%

Semiannual

Semiannual

N/A

02/08/2034

8,650‌

(

2‌

)

—‌

(

2‌

)

6

Month

JPY

LIBOR

Receive

0.30%

Semiannual

Semiannual

N/A

06/17/2039

11,470‌

(

1‌

)

—‌

(

1‌

)

6

Month

JPY

LIBOR

Receive

0.20%

Semiannual

Semiannual

N/A

08/28/2044

1,270‌

—‌

—‌

—‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.33%

Annual

Annual

N/A

05/04/2030

$

3,205‌

213‌

—‌

213‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.82%

Annual

Annual

N/A

02/03/2030

5,375‌

60‌

—‌

60‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.71%

Annual

Annual

N/A

08/12/2024

2,070‌

(

6‌

)

—‌

(

6‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.90%

Annual

Annual

N/A

02/12/2024

3,930‌

(

49‌

)

—‌

(

49‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.29%

Annual

Annual

N/A

05/05/2030

5,115‌

366‌

—‌

366‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

2.25%

Annual

Annual

N/A

10/30/2028

2,195‌

(

92‌

)

—‌

(

92‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.75%

Annual

Annual

N/A

08/21/2022

11,990‌

76‌

1‌

77‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

2.01%

Annual

Annual

N/A

09/04/2030

810‌

(

7‌

)

—‌

(

7‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

1.85%

Annual

Annual

N/A

08/10/2030

2,855‌

(

86‌

)

—‌

(

86‌

)

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

52

Exchange

Cleared

Interest

Rate

Swaps

(continued)

Floating

Rate

Index

(Pay)/

Receive

Floating

Rate

Fixed

Rate

Payment

Frequency

Paid

by

Fund

Payment

Frequency

Received

by

Fund

Effective

Date

(a)

Maturity

Date

Notional

Amount

Unrealized

Appreciation/

(Depreciation)

Upfront

Payments/

(Receipts)

Fair

Value

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Receive

1.96%

Annual

Annual

N/A

12/12/2049

$

1,540‌

$

79‌

$

—‌

$

79‌

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

1.95%

Annual

Annual

N/A

09/18/2030

1,230‌

(

16‌

)

—‌

(

16‌

)

Consumer

Price

All

Urban

Non-

Seasonally

Adjusted

Index

Pay

1.92%

Annual

Annual

N/A

09/10/2030

2,455‌

(

44‌

)

—‌

(

44‌

)

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Receive

1.29%

Annual

Annual

N/A

03/15/2029

EUR

3,675‌

(

181‌

)

(

15‌

)

(

196‌

)

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Receive

1.13%

Annual

Annual

N/A

02/15/2030

605‌

(

16‌

)

(

2‌

)

(

18‌

)

Harmonised

Indices

of

Consumer

Prices

Excluding

Food

and

Energy

Receive

0.92%

Annual

Annual

N/A

09/15/2030

2,095‌

22‌

—‌

22‌

New

Zealand

Bank

Bill

3

Month

FRA

Receive

1.08%

Semiannual

Quarterly

N/A

09/16/2030

NZD

8,540‌

(

90‌

)

(

35‌

)

(

125‌

)

Secured

Overnight

Financing

Rate

Receive

0.53%

Annual

Annual

N/A

10/21/2030

$

120‌

1‌

—‌

1‌

United

Kingdom

Retail

Prices

Index

Pay

3.61%

Annual

Annual

N/A

01/15/2029

GBP

1,145‌

89‌

(

1‌

)

88‌

United

Kingdom

Retail

Prices

Index

Pay

3.45%

Annual

Annual

N/A

02/15/2030

530‌

10‌

(

1‌

)

9‌

United

Kingdom

Retail

Prices

Index

Receive

3.39%

Annual

Annual

N/A

01/15/2035

1,700‌

(

69‌

)

6‌

(

63‌

)

United

Kingdom

Retail

Prices

Index

Pay

3.49%

Annual

Annual

N/A

03/15/2029

2,600‌

117‌

(

2‌

)

115‌

United

Kingdom

Retail

Prices

Index

Pay

3.46%

Annual

Annual

N/A

11/15/2030

2,285‌

(

19‌

)

—‌

(

19‌

)

United

Kingdom

Retail

Prices

Index

Pay

3.57%

Annual

Annual

N/A

10/15/2030

2,890‌

20‌

4‌

24‌

United

Kingdom

Retail

Prices

Index

Pay

3.33%

Annual

Annual

N/A

11/15/2040

690‌

4‌

—‌

4‌

United

Kingdom

Retail

Prices

Index

Receive

3.11%

Annual

Annual

N/A

01/15/2050

1,300‌

(

48‌

)

11‌

(

37‌

)

United

Kingdom

Retail

Prices

Index

Pay

3.22%

Annual

Annual

N/A

01/15/2045

1,300‌

62‌

(

8‌

)

54‌

United

Kingdom

Retail

Prices

Index

Pay

3.34%

Annual

Annual

N/A

01/15/2040

1,700‌

91‌

(

8‌

)

83‌

United

Kingdom

Retail

Prices

Index

Pay

3.31%

Annual

Annual

N/A

01/15/2040

1,700‌

68‌

(

10‌

)

58‌

United

Kingdom

Retail

Prices

Index

Receive

3.36%

Annual

Annual

N/A

01/15/2035

1,700‌

(

54‌

)

6‌

(

48‌

)

United

Kingdom

Retail

Prices

Index

Pay

3.24%

Annual

Annual

N/A

01/15/2045

1,300‌

78‌

(

9‌

)

69‌

United

Kingdom

Retail

Prices

Index

Pay

3.27%

Annual

Annual

N/A

10/15/2044

2,725‌

246‌

(

11‌

)

235‌

United

Kingdom

Retail

Prices

Index

Pay

3.36%

Annual

Annual

N/A

10/15/2039

3,555‌

276‌

(

25‌

)

251‌

United

Kingdom

Retail

Prices

Index

Receive

3.16%

Annual

Annual

N/A

10/15/2049

2,725‌

(

222‌

)

(

6‌

)

(

228‌

)

United

Kingdom

Retail

Prices

Index

Receive

3.53%

Annual

Annual

N/A

10/15/2025

2,890‌

(

17‌

)

1‌

(

16‌

)

United

Kingdom

Retail

Prices

Index

Receive

3.13%

Annual

Annual

N/A

01/15/2050

1,300‌

(

72‌

)

11‌

(

61‌

)

United

Kingdom

Retail

Prices

Index

Receive

3.42%

Annual

Annual

N/A

10/15/2034

3,555‌

(

229‌

)

22‌

(

207‌

)

US

Federal

Funds

Effective

Rate

(continuous

series)

Pay

0.56%

Annual

Annual

N/A

10/21/2030

$

120‌

(

1‌

)

—‌

(

1‌

)

Total

$

1,056‌

$

(

94‌

)

$

962‌

Amounts

in

thousands.

(a)    

Forward

swap.

Total

Return

Swaps

Counterparty

Reference

Entity

Contracts

Pay/Receive

Positive

Return

Financing

Rate

Payment

Frequency

Expiration

Date

Notional

Amount

Upfront

Payments/

(Receipts)

Value

and

Unrealized

Appreciation/

(Depreciation)

Asset

----

Liability

Bank

of

America

NA

Bloomberg

Commodity

Index

Total

Return

(a)

469,069

Receive

UST

13

Week

Bill

High

Discount

Rate

+

0.11%

Monthly

12/17/2020

$

72,781‌

$

—‌

$

1,668‌

$

—‌

Bank

of

America

NA

Bloomberg

Commodity

Index

Total

Return

(a)

82,614

Receive

UST

13

Week

Bill

High

Discount

Rate

+

0.11%

Monthly

12/17/2020

13,000‌

—‌

113‌

—‌

M3

Capital

Partners

Bloomberg

Commodity

Index

Total

Return

(a)

634,898

Receive

UST

13

Week

Bill

High

Discount

Rate

+

0.09%

Monthly

12/17/2020

98,511‌

—‌

2,258‌

—‌

M3

Capital

Partners

Macquarie

Commodity

Product

251E

(a)

147,833

Receive

0.33%

Annual

12/02/2020

13,619‌

—‌

—‌

(

141‌

)

Merrill

Lynch

BofA

Merrill

Lynch

Commodity

MLBXCS3T

Total

Return

Strategy

(a)

189,217

Receive

0.32%

Annual

12/02/2020

18,188‌

—‌

—‌

(

299‌

)

Societe

Generale

Bloomberg

Commodity

Index

Total

Return

(a)

146,250

Receive

UST

13

Week

Bill

High

Discount

Rate

+

0.11%

Monthly

12/17/2020

22,692‌

—‌

520‌

—‌

Consolidated

Schedule

of

Investments

Diversified

Real

Asset

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

53

Total

Return

Swaps

(continued)

Counterparty

Reference

Entity

Contracts

Pay/Receive

Positive

Return

Financing

Rate

Payment

Frequency

Expiration

Date

Notional

Amount

Upfront

Payments/

(Receipts)

Value

and

Unrealized

Appreciation/

(Depreciation)

Asset

----

Liability

Societe

Generale

Bloomberg

Commodity

Index

Total

Return

(a)

82,614

Receive

UST

13

Week

Bill

High

Discount

Rate

+

0.11%

Monthly

12/17/2020

$

13,000‌

$

—‌

$

113‌

$

—‌

Societe

Generale

Societe

Generale

Commodities

Custom

Alpha

(a)

235,684

Receive

0.35%

Annual

12/02/2020

18,958‌

—‌

—‌

(

213‌

)

Total

$

—‌

$

4,672‌

$

(

653‌

)

Amounts

in

thousands

except

contracts.

(a)

All

or

a

portion

of

this

security

is

owned

by

the

DRA

Cayman

Corporation,

which

is

a

100%

owned

subsidiary

of

the

fund.

Schedule

of

Investments

Edge

MidCap

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

54

INVESTMENT

COMPANIES

-

2

.16

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

2

.16

%

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c)

20,066,126‌

$

20,066‌

TOTAL

INVESTMENT

COMPANIES

$

20,066‌

COMMON

STOCKS

-

97

.74

%

Shares

Held

Value

(000's)

Advertising

-

1

.69

%

Interpublic

Group

of

Cos

Inc/The

707,968‌

$

15,774‌

Automobile

Parts

&

Equipment

-

1

.03

%

Autoliv

Inc

107,691‌

9,590‌

Banks

-

2

.64

%

Bank

OZK

322,352‌

9,013‌

Cullen/Frost

Bankers

Inc

185,667‌

15,579‌

$

24,592‌

Building

Materials

-

1

.50

%

Lennox

International

Inc

48,439‌

13,942‌

Chemicals

-

2

.65

%

FMC

Corp

212,950‌

24,704‌

Commercial

Services

-

1

.56

%

Morningstar

Inc

72,699‌

14,547‌

Computers

-

1

.12

%

Amdocs

Ltd

158,505‌

10,431‌

Consumer

Products

-

2

.80

%

Avery

Dennison

Corp

174,441‌

26,051‌

Diversified

Financial

Services

-

2

.34

%

Aaron's

Holdings

Co

Inc

345,660‌

21,752‌

Electric

-

3

.00

%

Alliant

Energy

Corp

479,577‌

25,225‌

Eversource

Energy

31,169‌

2,728‌

$

27,953‌

Electrical

Components

&

Equipment

-

5

.48

%

Energizer

Holdings

Inc

492,474‌

20,630‌

Littelfuse

Inc

126,013‌

30,310‌

$

50,940‌

Electronics

-

1

.85

%

Arrow

Electronics

Inc

(b)

188,167‌

17,246‌

Environmental

Control

-

1

.93

%

Waste

Connections

Inc

172,385‌

17,925‌

Gas

-

0

.71

%

ONE

Gas

Inc

83,543‌

6,615‌

Hand

&

Machine

Tools

-

5

.44

%

Lincoln

Electric

Holdings

Inc

277,415‌

31,902‌

Snap-on

Inc

107,130‌

18,839‌

$

50,741‌

Healthcare

-

Products

-

8

.13

%

STERIS

PLC

156,885‌

30,406‌

Teleflex

Inc

84,051‌

32,171‌

Varian

Medical

Systems

Inc

(b)

75,383‌

13,115‌

$

75,692‌

Healthcare

-

Services

-

3

.16

%

Universal

Health

Services

Inc

225,639‌

29,464‌

Insurance

-

4

.40

%

Fidelity

National

Financial

Inc

603,502‌

21,719‌

Markel

Corp

(b)

19,765‌

19,248‌

$

40,967‌

Internet

-

1

.68

%

Rightmove

PLC

(b)

1,880,326‌

15,671‌

Leisure

Products

&

Services

-

6

.15

%

Brunswick

Corp/DE

242,620‌

18,109‌

YETI

Holdings

Inc

(b)

619,620‌

39,142‌

$

57,251‌

Machinery

-

Diversified

-

2

.34

%

Nordson

Corp

106,739‌

21,754‌

Media

-

1

.07

%

Cable

One

Inc

5,019‌

9,941‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Oil

&

Gas

-

2

.62

%

Cimarex

Energy

Co

353,651‌

$

12,714‌

Helmerich

&

Payne

Inc

215,146‌

4,899‌

HollyFrontier

Corp

290,211‌

6,788‌

$

24,401‌

REITs

-

7

.35

%

Alexandria

Real

Estate

Equities

Inc

148,614‌

24,333‌

CyrusOne

Inc

390,667‌

27,312‌

STORE

Capital

Corp

377,614‌

12,295‌

Terreno

Realty

Corp

78,480‌

4,547‌

$

68,487‌

Retail

-

1

.55

%

Tractor

Supply

Co

102,351‌

14,412‌

Savings

&

Loans

-

2

.24

%

Washington

Federal

Inc

891,478‌

20,834‌

Semiconductors

-

4

.36

%

Teradyne

Inc

368,234‌

40,631‌

Software

-

10

.63

%

Black

Knight

Inc

(b)

440,154‌

40,327‌

Fair

Isaac

Corp

(b)

86,632‌

40,958‌

Tyler

Technologies

Inc

(b)

41,173‌

17,606‌

$

98,891‌

Toys,

Games

&

Hobbies

-

1

.56

%

Hasbro

Inc

156,220‌

14,533‌

Transportation

-

3

.60

%

Expeditors

International

of

Washington

Inc

375,732‌

33,578‌

Water

-

1

.16

%

Essential

Utilities

Inc

238,668‌

10,807‌

TOTAL

COMMON

STOCKS

$

910,117‌

Total

Investments

$

930,183‌

Other

Assets

and

Liabilities

-  0.10%

912‌

TOTAL

NET

ASSETS

-

100.00%

$

931,095‌

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940)

or

an

affiliate

as

defined

by

the

Investment

Company

Act

of

1940

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

(c)

Current

yield

shown

is

as

of

period

end.

Portfolio

Summary  (unaudited)

Sector

Percent

Industrial

22

.14‌

%

Financial

18

.97‌

%

Technology

16

.11‌

%

Consumer,

Non-cyclical

15

.65‌

%

Consumer,

Cyclical

10

.29‌

%

Utilities

4

.87‌

%

Communications

4

.44‌

%

Basic

Materials

2

.65‌

%

Energy

2

.62‌

%

Money

Market

Funds

2

.16‌

%

Other

Assets

and

Liabilities

0

.10‌

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

Edge

MidCap

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

55

Affiliated

Securities

August

31,

2020

Purchases

Sales

November

30,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

26,003‌

$

49,327‌

$

55,264‌

$

20,066‌

$

26,003‌

$

49,327‌

$

55,264‌

$

20,066‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

56

INVESTMENT

COMPANIES

-

11.93%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0.08%

iShares

Russell

1000

Growth

ETF

785‌

$

182‌

iShares

Russell

2000

Value

ETF

1,138‌

140‌

SPDR

Gold

Shares

ETP

798‌

133‌

VanEck

Vectors

Gold

Miners

ETF

2,460‌

85‌

VanEck

Vectors

Junior

Gold

Miners

ETF

1,381‌

69‌

$

609‌

Money

Market

Funds

-

11.85%

First

American

Government

Obligations

Fund

-

Institutional

Class

0.03%

(a)

16,099,410‌

16,099‌

Morgan

Stanley

Institutional

Liquidity

Funds

-

Government

Portfolio

-

Institutional

Class

0.02%

(a),(b)

4,240,531‌

4,240‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(c),(d)

72,690,246‌

72,691‌

$

93,030‌

TOTAL

INVESTMENT

COMPANIES

$

93,639‌

COMMON

STOCKS

-

39.07%

Shares

Held

Value

(000's)

Advertising

-

0.06%

Clear

Channel

Outdoor

Holdings

Inc

(d)

94,859‌

$

143‌

Interpublic

Group

of

Cos

Inc/The

(e)

4,036‌

90‌

Omnicom

Group

Inc

(e)

1,026‌

65‌

WPP

PLC

20,897‌

201‌

$

499‌

Aerospace

&

Defense

-

0.60%

Aerojet

Rocketdyne

Holdings

Inc

(d)

600‌

22‌

Airbus

SE

(d)

564‌

59‌

CAE

Inc

2,900‌

70‌

General

Dynamics

Corp

(e)

1,209‌

181‌

HEICO

Corp

-

Class

A

(e)

1,428‌

158‌

Howmet

Aerospace

Inc

(e)

39,027‌

916‌

L3Harris

Technologies

Inc

507‌

97‌

Lockheed

Martin

Corp

(e)

3,217‌

1,174‌

Moog

Inc

1,071‌

83‌

MTU

Aero

Engines

AG

600‌

141‌

Northrop

Grumman

Corp

1,623‌

491‌

Raytheon

Technologies

Corp

2,274‌

163‌

Thales

SA

2,120‌

194‌

TransDigm

Group

Inc

(e)

1,704‌

987‌

$

4,736‌

Agriculture

-

0.27%

Altria

Group

Inc

(e)

8,739‌

348‌

Archer-Daniels-Midland

Co

(e)

4,812‌

239‌

Philip

Morris

International

Inc

(e)

13,861‌

1,050‌

Swedish

Match

AB

5,817‌

471‌

$

2,108‌

Airlines

-

0.02%

Delta

Air

Lines

Inc

3,747‌

151‌

Apparel

-

0.48%

Carter's

Inc

1,566‌

139‌

Gildan

Activewear

Inc

3,000‌

78‌

Hanesbrands

Inc

(e)

36,169‌

514‌

Kontoor

Brands

Inc

2,878‌

120‌

LVMH

Moet

Hennessy

Louis

Vuitton

SE

602‌

346‌

NIKE

Inc

(e)

4,553‌

613‌

Puma

SE

(d)

500‌

50‌

PVH

Corp

(e)

18,236‌

1,450‌

Steven

Madden

Ltd

5,082‌

160‌

VF

Corp

1,031‌

86‌

Wolverine

World

Wide

Inc

6,208‌

179‌

$

3,735‌

Automobile

Manufacturers

-

0.28%

Cummins

Inc

(e)

2,560‌

592‌

Ferrari

NV

2,630‌

557‌

Ford

Motor

Co

10,198‌

93‌

General

Motors

Co

(e)

6,210‌

272‌

PACCAR

Inc

4,628‌

403‌

REV

Group

Inc

10,671‌

99‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Automobile

Manufacturers

(continued)

Tesla

Inc

(d),(e)

346‌

$

196‌

$

2,212‌

Automobile

Parts

&

Equipment

-

0.17%

BorgWarner

Inc

(e)

11,759‌

457‌

Dana

Inc

7,525‌

126‌

Fox

Factory

Holding

Corp

(d)

1,009‌

88‌

Gentherm

Inc

(d)

2,582‌

147‌

Magna

International

Inc

4,400‌

270‌

NGK

Insulators

Ltd

2,100‌

33‌

Rheinmetall

AG

2,047‌

182‌

$

1,303‌

Banks

-

1.26%

Allegiance

Bancshares

Inc

2,243‌

71‌

Atlantic

Union

Bankshares

Corp

1,401‌

42‌

Banca

Generali

SpA

(d)

4,354‌

145‌

Bank

of

America

Corp

(e)

16,341‌

461‌

Bank

OZK

5,350‌

150‌

Cadence

BanCorp

6,608‌

92‌

Citigroup

Inc

846‌

47‌

Concordia

Financial

Group

Ltd

72,400‌

256‌

DBS

Group

Holdings

Ltd

23,600‌

440‌

DNB

ASA

6,765‌

122‌

Fifth

Third

Bancorp

(e)

23,444‌

594‌

FinecoBank

Banca

Fineco

SpA

(d)

10,057‌

159‌

First

Citizens

BancShares

Inc/NC

292‌

154‌

First

Hawaiian

Inc

3,818‌

84‌

First

Interstate

BancSystem

Inc

2,256‌

86‌

First

Midwest

Bancorp

Inc/IL

4,724‌

66‌

First

Republic

Bank/CA

1,453‌

188‌

FNB

Corp/PA

9,168‌

81‌

Goldman

Sachs

Group

Inc/The

(e)

2,163‌

499‌

Great

Western

Bancorp

Inc

5,186‌

85‌

Heritage

Commerce

Corp

8,081‌

68‌

Hilltop

Holdings

Inc

3,865‌

93‌

Home

BancShares

Inc/AR

5,445‌

101‌

HSBC

Holdings

PLC

41,629‌

214‌

Huntington

Bancshares

Inc/OH

(e)

11,512‌

139‌

ING

Groep

NV

(d)

64,747‌

630‌

JPMorgan

Chase

&

Co

(e)

2,607‌

308‌

M&T

Bank

Corp

(e)

5,203‌

606‌

Morgan

Stanley

7,213‌

446‌

Natixis

SA

(d)

40,882‌

126‌

PNC

Financial

Services

Group

Inc/The

(e)

1,335‌

184‌

Shinsei

Bank

Ltd

17,800‌

210‌

Shizuoka

Bank

Ltd/The

14,000‌

99‌

Sumitomo

Mitsui

Trust

Holdings

Inc

12,900‌

374‌

SVB

Financial

Group

(d),(e)

1,898‌

654‌

Swedbank

AB

(d)

9,576‌

173‌

UBS

Group

AG

19,902‌

282‌

Umpqua

Holdings

Corp

5,935‌

82‌

United

Community

Banks

Inc/GA

3,406‌

81‌

Veritex

Holdings

Inc

3,507‌

76‌

Wells

Fargo

&

Co

(e)

27,060‌

740‌

Western

Alliance

Bancorp

5,415‌

278‌

Zions

Bancorp

NA

2,713‌

105‌

$

9,891‌

Beverages

-

0.51%

Anheuser-Busch

InBev

SA/NV

1,680‌

112‌

Boston

Beer

Co

Inc/The

(d)

92‌

86‌

Coca-Cola

Co/The

(e)

19,066‌

984‌

Constellation

Brands

Inc

(e)

5,365‌

1,104‌

Diageo

PLC

11,288‌

435‌

Keurig

Dr

Pepper

Inc

4,772‌

145‌

Molson

Coors

Beverage

Co

2,424‌

112‌

Monster

Beverage

Corp

(d),(e)

4,932‌

418‌

PepsiCo

Inc

(e)

4,031‌

581‌

$

3,977‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

57

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Biotechnology

-

0.44%

Abcam

PLC

11,866‌

$

227‌

Alexion

Pharmaceuticals

Inc

(d),(e)

1,620‌

198‌

Amgen

Inc

656‌

146‌

Apellis

Pharmaceuticals

Inc

(d)

2,986‌

141‌

Arena

Pharmaceuticals

Inc

(d)

1,574‌

104‌

Ascendis

Pharma

A/S

ADR

(d)

269‌

45‌

Biogen

Inc

(d),(e)

1,344‌

323‌

ChemoCentryx

Inc

(d)

646‌

36‌

Dicerna

Pharmaceuticals

Inc

(d)

3,300‌

83‌

Emergent

BioSolutions

Inc

(d)

1,016‌

83‌

Exact

Sciences

Corp

(d)

2,300‌

278‌

Genmab

A/S

(d)

256‌

98‌

Gilead

Sciences

Inc

(e)

9,514‌

577‌

Global

Blood

Therapeutics

Inc

(d)

1,723‌

79‌

Illumina

Inc

(d)

190‌

61‌

Incyte

Corp

(d)

285‌

24‌

Ionis

Pharmaceuticals

Inc

(d),(e)

2,037‌

103‌

Kodiak

Sciences

Inc

(d)

595‌

81‌

Moderna

Inc

(d)

890‌

136‌

NeoGenomics

Inc

(d)

2,000‌

95‌

Regeneron

Pharmaceuticals

Inc

(d)

213‌

110‌

Sage

Therapeutics

Inc

(d)

876‌

65‌

Seagen

Inc

(d)

395‌

67‌

TCR2

Therapeutics

Inc

(d)

2,700‌

74‌

Vertex

Pharmaceuticals

Inc

(d)

196‌

45‌

Y-mAbs

Therapeutics

Inc

(d)

3,587‌

183‌

$

3,462‌

Building

Materials

-

1.02%

American

Woodmark

Corp

(d)

1,352‌

118‌

Armstrong

World

Industries

Inc

5,456‌

420‌

Boise

Cascade

Co

3,368‌

146‌

Carrier

Global

Corp

(e)

11,493‌

438‌

Cemex

SAB

de

CV

ADR

40,181‌

185‌

Cie

de

Saint-Gobain

(d)

6,756‌

320‌

CRH

PLC

1,233‌

48‌

CRH

PLC

3,948‌

155‌

Daikin

Industries

Ltd

2,500‌

566‌

Fortune

Brands

Home

&

Security

Inc

(e)

5,256‌

439‌

Geberit

AG

780‌

469‌

HeidelbergCement

AG

1,110‌

79‌

JELD-WEN

Holding

Inc

(d)

6,234‌

151‌

Johnson

Controls

International

plc

(e)

8,541‌

393‌

LafargeHolcim

Ltd

(d)

266‌

14‌

Lennox

International

Inc

(e)

1,758‌

506‌

Lixil

Corp

13,900‌

333‌

Marshalls

PLC

16,467‌

154‌

Martin

Marietta

Materials

Inc

(e)

1,856‌

493‌

Masco

Corp

(e)

11,016‌

591‌

Nibe

Industrier

AB

5,951‌

168‌

Rinnai

Corp

5,200‌

607‌

ROCKWOOL

International

A/S

337‌

123‌

Sanwa

Holdings

Corp

5,300‌

64‌

TOTO

Ltd

8,900‌

503‌

Vulcan

Materials

Co

(e)

2,614‌

365‌

Wienerberger

AG

6,201‌

172‌

$

8,020‌

Chemicals

-

1.56%

Air

Products

and

Chemicals

Inc

2,351‌

659‌

Akzo

Nobel

NV

6,336‌

671‌

Asahi

Kasei

Corp

12,400‌

113‌

Borregaard

ASA

6,573‌

97‌

Brenntag

AG

2,655‌

203‌

Celanese

Corp

(e)

5,786‌

748‌

CF

Industries

Holdings

Inc

(e)

13,440‌

501‌

Codexis

Inc

(d)

7,230‌

134‌

Dow

Inc

(e)

5,344‌

283‌

DuPont

de

Nemours

Inc

(e)

19,981‌

1,268‌

Eastman

Chemical

Co

(e)

2,146‌

209‌

Ecolab

Inc

1,790‌

398‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Chemicals

(continued)

FMC

Corp

(e)

3,499‌

$

406‌

Hexion

Holdings

Corp

(d)

22,049‌

259‌

IMCD

NV

880‌

110‌

Ingevity

Corp

(d)

1,916‌

128‌

Kansai

Paint

Co

Ltd

6,400‌

193‌

Linde

PLC

(e)

4,269‌

1,094‌

LyondellBasell

Industries

NV

(e)

5,323‌

453‌

Minerals

Technologies

Inc

1,800‌

109‌

Mosaic

Co/The

(e)

26,065‌

572‌

Nippon

Sanso

Holdings

Corp

3,300‌

55‌

Nissan

Chemical

Corp

12,400‌

740‌

Nitto

Denko

Corp

5,700‌

470‌

Novozymes

A/S

5,261‌

300‌

Nutrien

Ltd

785‌

39‌

PPG

Industries

Inc

(e)

5,343‌

784‌

Sherwin-Williams

Co/The

(e)

1,310‌

980‌

Toray

Industries

Inc

29,700‌

160‌

Victrex

PLC

(d)

4,111‌

108‌

$

12,244‌

Commercial

Services

-

1.73%

2U

Inc

(d)

2,792‌

90‌

Adtalem

Global

Education

Inc

(d)

3,337‌

96‌

AMERCO

577‌

239‌

AMN

Healthcare

Services

Inc

(d)

1,715‌

112‌

Babcock

International

Group

PLC

37,440‌

168‌

Badger

Daylighting

Ltd

4,270‌

127‌

BrightView

Holdings

Inc

(d)

6,645‌

91‌

Bureau

Veritas

SA

32,336‌

837‌

Carriage

Services

Inc

3,146‌

86‌

Chegg

Inc

(d)

4,773‌

372‌

Cintas

Corp

(e)

4,829‌

1,716‌

CoStar

Group

Inc

(d)

264‌

240‌

Deluxe

Corp

3,004‌

77‌

Elis

SA

(d)

8,294‌

135‌

FleetCor

Technologies

Inc

(d)

425‌

113‌

Gartner

Inc

(d),(e)

3,420‌

520‌

Global

Payments

Inc

1,801‌

351‌

Hypoport

SE

(d)

191‌

100‌

ICF

International

Inc

1,668‌

121‌

IHS

Markit

Ltd

(e)

696‌

69‌

Kforce

Inc

2,240‌

92‌

LiveRamp

Holdings

Inc

(d)

2,341‌

137‌

Loomis

AB

8,684‌

249‌

Medifast

Inc

523‌

107‌

Moody's

Corp

(e)

1,558‌

440‌

Multiplan

Corp

(d)

22,923‌

159‌

Nielsen

Holdings

PLC

7,568‌

122‌

Paylocity

Holding

Corp

(d)

633‌

124‌

PayPal

Holdings

Inc

(d),(e)

1,541‌

330‌

Persol

Holdings

Co

Ltd

21,800‌

398‌

Quanta

Services

Inc

(e)

17,347‌

1,186‌

Randstad

NV

(d)

661‌

41‌

Recruit

Holdings

Co

Ltd

11,100‌

465‌

Robert

Half

International

Inc

(e)

2,557‌

164‌

S&P

Global

Inc

(e)

3,068‌

1,079‌

Square

Inc

(d)

2,083‌

439‌

TransUnion

(e)

15,913‌

1,449‌

TriNet

Group

Inc

(d)

1,648‌

124‌

United

Rentals

Inc

(d),(e)

3,578‌

812‌

Verisk

Analytics

Inc

103‌

20‌

$

13,597‌

Computers

-

1.46%

Accenture

PLC

-

Class

A

(e)

2,930‌

729‌

Amdocs

Ltd

841‌

55‌

Apple

Inc

(e)

49,459‌

5,889‌

Cognizant

Technology

Solutions

Corp

(e)

4,076‌

319‌

Fortinet

Inc

(d),(e)

3,611‌

445‌

Genpact

Ltd

1,835‌

75‌

HP

Inc

(e)

21,835‌

479‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

58

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Computers

(continued)

International

Business

Machines

Corp

(e)

4,764‌

$

588‌

Itochu

Techno-Solutions

Corp

7,100‌

250‌

Leidos

Holdings

Inc

2,623‌

264‌

Logitech

International

SA

3,720‌

331‌

Lumentum

Holdings

Inc

(d)

2,076‌

179‌

NetApp

Inc

(e)

6,171‌

329‌

Nomura

Research

Institute

Ltd

17,300‌

585‌

NTT

Data

Corp

22,568‌

300‌

Obic

Co

Ltd

400‌

90‌

Rapid7

Inc

(d)

2,158‌

162‌

SCSK

Corp

700‌

42‌

Seagate

Technology

PLC

4,193‌

247‌

Softcat

PLC

6,754‌

102‌

Western

Digital

Corp

606‌

27‌

$

11,487‌

Consumer

Products

-

0.12%

Church

&

Dwight

Co

Inc

(e)

1,446‌

127‌

Clorox

Co/The

(e)

1,736‌

352‌

Kimberly-Clark

Corp

(e)

3,487‌

486‌

$

965‌

Cosmetics

&

Personal

Care

-

0.42%

Colgate-Palmolive

Co

(e)

12,767‌

1,093‌

Edgewell

Personal

Care

Co

2,567‌

89‌

Estee

Lauder

Cos

Inc/The

(e)

768‌

189‌

Kao

Corp

100‌

7‌

Procter

&

Gamble

Co/The

(e)

13,708‌

1,904‌

$

3,282‌

Distribution

&

Wholesale

-

0.29%

Bunzl

PLC

3,729‌

116‌

Copart

Inc

(d)

3,666‌

423‌

Diploma

PLC

5,124‌

144‌

Fastenal

Co

4,195‌

208‌

LKQ

Corp

(d),(e)

26,122‌

920‌

MARR

SpA

(d)

4,592‌

86‌

Toyota

Tsusho

Corp

4,100‌

141‌

WW

Grainger

Inc

(e)

600‌

251‌

$

2,289‌

Diversified

Financial

Services

-

1.69%

4L

Technologies

(d),(f),(g)

24,306‌

12‌

4L

Technologies

-

Rights

(d),(f),(g)

869‌

174‌

Ally

Financial

Inc

27,185‌

806‌

American

Express

Co

4,745‌

563‌

Ares

Management

Corp

2,081‌

94‌

ASX

Ltd

873‌

49‌

B

Riley

Financial

Inc

4,197‌

152‌

BlackRock

Inc

(e)

818‌

571‌

Cboe

Global

Markets

Inc

(e)

6,332‌

578‌

Charles

Schwab

Corp/The

11,191‌

546‌

CI

Financial

Corp

33,500‌

439‌

CME

Group

Inc

3,897‌

682‌

Credit

Acceptance

Corp

(d)

787‌

235‌

Discover

Financial

Services

(e)

8,316‌

633‌

ECN

Capital

Corp

31,945‌

149‌

Element

Comm

Aviation

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

280‌

342‌

Euronext

NV

(i)

1,111‌

118‌

Federal

Agricultural

Mortgage

Corp

1,240‌

84‌

Franklin

Resources

Inc

(e)

15,097‌

332‌

Greenhill

&

Co

Inc

7,072‌

92‌

Hamilton

Lane

Inc

1,456‌

102‌

Hannon

Armstrong

Sustainable

Infrastructure

Capital

Inc

1,352‌

74‌

Intercontinental

Exchange

Inc

(e)

544‌

57‌

Invesco

Ltd

(e)

58,997‌

957‌

LPL

Financial

Holdings

Inc

618‌

56‌

Magellan

Financial

Group

Ltd

5,821‌

253‌

Mastercard

Inc

(e)

1,571‌

528‌

Moelis

&

Co

3,120‌

122‌

Nasdaq

Inc

(e)

4,224‌

541‌

Navient

Corp

10,709‌

100‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Diversified

Financial

Services

(continued)

PRA

Group

Inc

(d)

7,233‌

$

301‌

Raymond

James

Financial

Inc

1,724‌

157‌

Sanne

Group

PLC

8,794‌

66‌

SEI

Investments

Co

(e)

7,197‌

380‌

Singapore

Exchange

Ltd

69,900‌

461‌

Synchrony

Financial

(e)

13,645‌

416‌

T

Rowe

Price

Group

Inc

(e)

3,251‌

467‌

Virtu

Financial

Inc

590‌

13‌

Visa

Inc

(e)

4,380‌

922‌

VZ

Holding

AG

1,566‌

131‌

Western

Union

Co/The

(e)

21,056‌

475‌

$

13,230‌

Electric

-

0.71%

AES

Corp/The

(e)

862‌

18‌

Consolidated

Edison

Inc

733‌

56‌

Dominion

Energy

Inc

(e)

5,950‌

467‌

Duke

Energy

Corp

4,005‌

371‌

Endesa

SA

19,983‌

574‌

Enel

SpA

16,212‌

163‌

Exelon

Corp

8,793‌

361‌

FirstEnergy

Corp

1,889‌

50‌

Iberdrola

SA

6,261‌

86‌

Meridian

Energy

Ltd

36,965‌

167‌

NRG

Energy

Inc

(e)

30,346‌

994‌

OGE

Energy

Corp

(e)

2,776‌

90‌

Pinnacle

West

Capital

Corp

1,084‌

89‌

Portland

General

Electric

Co

2,634‌

109‌

Red

Electrica

Corp

SA

9,785‌

200‌

RWE

AG

27,929‌

1,155‌

Terna

Rete

Elettrica

Nazionale

SpA

60,920‌

457‌

Vistra

Corp

(e)

10,477‌

196‌

$

5,603‌

Electrical

Components

&

Equipment

-

0.51%

AMETEK

Inc

(e)

6,616‌

785‌

Belden

Inc

2,951‌

114‌

Casio

Computer

Co

Ltd

32,810‌

589‌

Emerson

Electric

Co

(e)

11,107‌

853‌

Energizer

Holdings

Inc

1,925‌

81‌

EnerSys

2,658‌

217‌

Legrand

SA

7,172‌

607‌

Novanta

Inc

(d)

848‌

102‌

Schneider

Electric

SE

3,799‌

529‌

Signify

NV

(d),(i)

2,748‌

116‌

$

3,993‌

Electronics

-

1.09%

Agilent

Technologies

Inc

1,962‌

229‌

Allegion

plc

(e)

4,441‌

506‌

Assa

Abloy

AB

15,295‌

366‌

DiscoverIE

Group

PLC

16,684‌

141‌

Electrocomponents

PLC

14,499‌

156‌

FARO

Technologies

Inc

(d)

1,962‌

130‌

FLIR

Systems

Inc

(e)

5,750‌

220‌

Fortive

Corp

(e)

10,723‌

752‌

Garmin

Ltd

(e)

3,778‌

441‌

GoPro

Inc

(d)

16,677‌

117‌

Halma

PLC

5,600‌

165‌

Hirose

Electric

Co

Ltd

1,200‌

169‌

Honeywell

International

Inc

(e)

4,367‌

891‌

Hoya

Corp

2,000‌

266‌

II-VI

Inc

(d)

2,589‌

175‌

LEM

Holding

SA

62‌

115‌

MINEBEA

MITSUMI

Inc

8,600‌

178‌

nVent

Electric

PLC

3,416‌

79‌

Otsuka

Corp

10,500‌

509‌

PerkinElmer

Inc

(e)

3,215‌

428‌

Roper

Technologies

Inc

136‌

58‌

Rotork

PLC

30,512‌

120‌

Shimadzu

Corp

10,200‌

367‌

TE

Connectivity

Ltd

(e)

5,944‌

677‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

59

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Electronics

(continued)

Trimble

Inc

(d),(e)

4,373‌

$

262‌

Vontier

Corp

(d),(e)

19,720‌

654‌

Waters

Corp

(d),(e)

1,736‌

403‌

$

8,574‌

Energy

-

Alternate

Sources

-

0.05%

First

Solar

Inc

(d)

1,271‌

118‌

NextEra

Energy

Partners

LP

4,455‌

283‌

$

401‌

Engineering

&

Construction

-

0.06%

Comfort

Systems

USA

Inc

2,229‌

112‌

Obayashi

Corp

8,800‌

78‌

WillScot

Mobile

Mini

Holdings

Corp

(d)

13,444‌

289‌

$

479‌

Entertainment

-

0.13%

Aristocrat

Leisure

Ltd

5,918‌

139‌

Cie

des

Alpes

1,228‌

28‌

CTS

Eventim

AG

&

Co

KGaA

(d)

1,783‌

108‌

Deluxe

Entertainment

(d),(g)

67,048‌

30‌

DraftKings

Inc

(d)

6,396‌

335‌

Lions

Gate

Entertainment

Corp

-

B

shares

(d),(e)

10,213‌

92‌

Penn

National

Gaming

Inc

(d)

3,923‌

275‌

$

1,007‌

Environmental

Control

-

0.20%

GVS

SpA

(d),(i)

4,796‌

76‌

Pentair

PLC

(e)

14,715‌

763‌

Republic

Services

Inc

(e)

3,478‌

336‌

Tetra

Tech

Inc

1,337‌

160‌

Waste

Management

Inc

(e)

1,681‌

200‌

$

1,535‌

Food

-

0.80%

a2

Milk

Co

Ltd/The

(d)

31,300‌

324‌

Associated

British

Foods

PLC

2,455‌

69‌

Calavo

Growers

Inc

1,439‌

103‌

Calbee

Inc

2,400‌

71‌

Campbell

Soup

Co

(e)

2,813‌

141‌

Conagra

Brands

Inc

6,623‌

242‌

Cranswick

PLC

3,192‌

145‌

Empire

Co

Ltd

3,400‌

93‌

General

Mills

Inc

(e)

3,862‌

235‌

Hostess

Brands

Inc

(d)

6,776‌

92‌

J

M

Smucker

Co/The

(e)

2,465‌

289‌

Jardine

Strategic

Holdings

Ltd

15,100‌

359‌

Just

Eat

Takeaway.com

NV

(d),(i)

5,978‌

636‌

Kellogg

Co

4,370‌

279‌

Koninklijke

Ahold

Delhaize

NV

15,780‌

451‌

Kraft

Heinz

Co/The

12,028‌

396‌

Kroger

Co/The

5,198‌

171‌

Lamb

Weston

Holdings

Inc

(e)

7,943‌

575‌

Seven

&

i

Holdings

Co

Ltd

11,700‌

369‌

Sysco

Corp

(e)

8,688‌

620‌

Tyson

Foods

Inc

7,700‌

502‌

Viscofan

SA

2,030‌

144‌

$

6,306‌

Food

Service

-

0.06%

Compass

Group

PLC

21,955‌

387‌

Elior

Group

SA

(i)

19,180‌

109‌

$

496‌

Forest

Products

&

Paper

-

0.16%

International

Paper

Co

(e)

5,714‌

283‌

Mondi

PLC

8,386‌

183‌

Schweitzer-Mauduit

International

Inc

2,432‌

84‌

Smurfit

Kappa

Group

PLC

7,662‌

326‌

UPM-Kymmene

Oyj

11,325‌

372‌

$

1,248‌

Gas

-

0.20%

AltaGas

Ltd

11,000‌

158‌

Enagas

SA

6,416‌

157‌

New

Jersey

Resources

Corp

2,825‌

93‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Gas

(continued)

NiSource

Inc

8,039‌

$

195‌

Osaka

Gas

Co

Ltd

23,300‌

447‌

Tokyo

Gas

Co

Ltd

4,500‌

101‌

UGI

Corp

(e)

12,710‌

450‌

$

1,601‌

Hand

&

Machine

Tools

-

0.27%

Kennametal

Inc

6,610‌

231‌

Makita

Corp

5,900‌

305‌

Schindler

Holding

AG

-

PC

2,131‌

584‌

Snap-on

Inc

(e)

4,558‌

801‌

Stanley

Black

&

Decker

Inc

(e)

1,247‌

230‌

$

2,151‌

Healthcare

-

Products

-

1.53%

Abbott

Laboratories

(e)

3,259‌

353‌

ABIOMED

Inc

(d),(e)

650‌

178‌

Align

Technology

Inc

(d),(e)

841‌

405‌

Avanos

Medical

Inc

(d)

2,914‌

123‌

Baxter

International

Inc

3,017‌

229‌

Carl

Zeiss

Meditec

AG

466‌

62‌

Cellavision

AB

(d)

2,134‌

72‌

Coloplast

A/S

512‌

77‌

Danaher

Corp

(e)

3,955‌

889‌

DENTSPLY

SIRONA

Inc

(e)

6,807‌

347‌

DiaSorin

SpA

625‌

132‌

Edwards

Lifesciences

Corp

(d),(e)

2,583‌

217‌

Envista

Holdings

Corp

(d)

2,722‌

81‌

Fisher

&

Paykel

Healthcare

Corp

Ltd

19,201‌

483‌

Globus

Medical

Inc

(d)

1,271‌

76‌

GN

Store

Nord

AS

1,137‌

93‌

Hill-Rom

Holdings

Inc

1,077‌

102‌

Hologic

Inc

(d),(e)

11,059‌

764‌

IDEXX

Laboratories

Inc

(d),(e)

668‌

308‌

Insulet

Corp

(d)

1,362‌

351‌

Intuitive

Surgical

Inc

(d),(e)

902‌

655‌

Koninklijke

Philips

NV

(d)

3,495‌

180‌

Medtronic

PLC

(e)

8,888‌

1,010‌

Natus

Medical

Inc

(d)

2,614‌

55‌

Olympus

Corp

4,400‌

95‌

Omnicell

Inc

(d)

2,603‌

273‌

QIAGEN

NV

(d)

3,006‌

145‌

ResMed

Inc

(e)

1,749‌

366‌

Siemens

Healthineers

AG

(i)

19,451‌

894‌

Smith

&

Nephew

PLC

18,782‌

363‌

Sonova

Holding

AG

(d)

1,710‌

425‌

STERIS

PLC

(e)

942‌

183‌

Stryker

Corp

966‌

225‌

Tandem

Diabetes

Care

Inc

(d)

1,019‌

96‌

Thermo

Fisher

Scientific

Inc

1,682‌

782‌

Varian

Medical

Systems

Inc

(d),(e)

3,434‌

597‌

West

Pharmaceutical

Services

Inc

520‌

143‌

Zimmer

Biomet

Holdings

Inc

(e)

1,066‌

159‌

$

11,988‌

Healthcare

-

Services

-

0.84%

Anthem

Inc

(e)

837‌

260‌

Centene

Corp

(d)

1,946‌

120‌

DaVita

Inc

(d),(e)

3,234‌

355‌

Eurofins

Scientific

SE

(d)

1,590‌

130‌

HCA

Healthcare

Inc

(e)

4,609‌

692‌

Humana

Inc

(e)

1,966‌

787‌

IQVIA

Holdings

Inc

(d),(e)

5,853‌

989‌

Laboratory

Corp

of

America

Holdings

(d),(e)

2,318‌

463‌

LHC

Group

Inc

(d)

561‌

110‌

Orpea

SA

(d)

1,007‌

126‌

Quest

Diagnostics

Inc

(e)

5,332‌

661‌

UnitedHealth

Group

Inc

(e)

3,044‌

1,025‌

Universal

Health

Services

Inc

(e)

6,553‌

856‌

$

6,574‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

60

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Home

Builders

-

0.42%

Cavco

Industries

Inc

(d)

662‌

$

119‌

Century

Communities

Inc

(d)

2,693‌

120‌

DR

Horton

Inc

2,564‌

191‌

Glenveagh

Properties

PLC

(d),(i)

160,392‌

161‌

Installed

Building

Products

Inc

(d)

1,289‌

127‌

Kaufman

&

Broad

SA

3,063‌

130‌

Lennar

Corp

-

A

Shares

405‌

31‌

NVR

Inc

(d),(e)

214‌

856‌

Persimmon

PLC

11,486‌

403‌

PulteGroup

Inc

(e)

14,737‌

643‌

Skyline

Champion

Corp

(d)

7,095‌

218‌

Thor

Industries

Inc

2,782‌

268‌

$

3,267‌

Home

Furnishings

-

0.07%

Hoshizaki

Corp

1,500‌

148‌

Leggett

&

Platt

Inc

(e)

3,176‌

137‌

Whirlpool

Corp

(e)

1,405‌

273‌

$

558‌

Housewares

-

0.03%

Newell

Brands

Inc

(e)

9,621‌

205‌

Insurance

-

1.11%

Aflac

Inc

(e)

532‌

23‌

American

International

Group

Inc

(e)

7,236‌

278‌

Aon

PLC

1,797‌

368‌

Arch

Capital

Group

Ltd

(d),(e)

5,120‌

165‌

Arthur

J

Gallagher

&

Co

(e)

1,333‌

154‌

Athene

Holding

Ltd

(d)

2,187‌

97‌

AXA

SA

7,206‌

168‌

Beazley

PLC

19,974‌

96‌

Berkshire

Hathaway

Inc

-

Class

B

(d),(e)

4,558‌

1,043‌

Chubb

Ltd

3,743‌

553‌

Cincinnati

Financial

Corp

(e)

5,136‌

392‌

CNO

Financial

Group

Inc

3,801‌

81‌

Equitable

Holdings

Inc

2,077‌

53‌

Fidelity

National

Financial

Inc

(e)

12,900‌

464‌

Globe

Life

Inc

(e)

2,370‌

221‌

James

River

Group

Holdings

Ltd

1,855‌

85‌

Lancashire

Holdings

Ltd

7,899‌

78‌

Markel

Corp

(d)

410‌

399‌

Marsh

&

McLennan

Cos

Inc

(e)

6,619‌

759‌

Medibank

Pvt

Ltd

26,363‌

55‌

MetLife

Inc

(e)

11,545‌

533‌

MGIC

Investment

Corp

10,955‌

131‌

NMI

Holdings

Inc

(d)

5,682‌

125‌

Progressive

Corp/The

5,996‌

522‌

Prudential

Financial

Inc

(e)

3,001‌

227‌

Radian

Group

Inc

5,477‌

103‌

RSA

Insurance

Group

PLC

16,325‌

145‌

Sampo

Oyj

9,496‌

408‌

Sompo

Holdings

Inc

5,300‌

202‌

Third

Point

Reinsurance

Ltd

(d)

10,235‌

98‌

Tokio

Marine

Holdings

Inc

800‌

40‌

Travelers

Cos

Inc/The

552‌

72‌

Tryg

A/S

8,485‌

246‌

Unum

Group

1,713‌

38‌

Voya

Financial

Inc

1,208‌

70‌

W

R

Berkley

Corp

(e)

1,494‌

97‌

White

Mountains

Insurance

Group

Ltd

137‌

132‌

$

8,721‌

Internet

-

2.19%

Alibaba

Group

Holding

Ltd

ADR

(d)

1,118‌

295‌

Alphabet

Inc

-

A

Shares

(d),(e)

1,839‌

3,226‌

Amazon.com

Inc

(d),(e)

1,641‌

5,199‌

Booking

Holdings

Inc

(d)

203‌

412‌

CDW

Corp/DE

504‌

66‌

eBay

Inc

(e)

15,265‌

769‌

Expedia

Group

Inc

(e)

5,229‌

651‌

F5

Networks

Inc

(d),(e)

2,553‌

415‌

Facebook

Inc

(d),(e)

8,467‌

2,345‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Internet

(continued)

GoDaddy

Inc

(d),(e)

8,981‌

$

715‌

IAC/InterActiveCorp

(d),(e)

1,220‌

173‌

Kakaku.com

Inc

3,200‌

90‌

Limelight

Networks

Inc

(d)

29,143‌

129‌

Magnite

Inc

(d)

5,214‌

99‌

Match

Group

Inc

(d)

1,804‌

251‌

Mimecast

Ltd

(d)

1,773‌

80‌

MonotaRO

Co

Ltd

2,400‌

146‌

Netflix

Inc

(d)

573‌

281‌

NortonLifeLock

Inc

(e)

13,603‌

249‌

Prosus

NV

(d)

2,743‌

297‌

Q2

Holdings

Inc

(d)

970‌

110‌

Snap

Inc

Class

A

(d),(e)

7,286‌

324‌

Spotify

Technology

SA

(d)

660‌

192‌

Trend

Micro

Inc/Japan

5,400‌

292‌

Twitter

Inc

(d),(e)

4,088‌

190‌

VeriSign

Inc

(d)

59‌

12‌

ZOZO

Inc

7,200‌

179‌

$

17,187‌

Iron

&

Steel

-

0.22%

ArcelorMittal

SA

(d)

4,957‌

90‌

Evraz

PLC

10,421‌

52‌

Hitachi

Metals

Ltd

69,653‌

1,019‌

Nippon

Steel

Corp

(d)

16,900‌

206‌

Nucor

Corp

2,514‌

135‌

Reliance

Steel

&

Aluminum

Co

894‌

105‌

Steel

Dynamics

Inc

(e)

3,060‌

111‌

$

1,718‌

Leisure

Products

&

Services

-

0.16%

MIPS

AB

2,089‌

105‌

Peloton

Interactive

Inc

(d)

1,100‌

128‌

Planet

Fitness

Inc

(d)

1,249‌

91‌

Polaris

Inc

2,126‌

204‌

Shimano

Inc

1,400‌

331‌

Thule

Group

AB

(d),(i)

3,572‌

120‌

Yamaha

Corp

3,400‌

194‌

YETI

Holdings

Inc

(d)

910‌

58‌

$

1,231‌

Lodging

-

0.12%

Choice

Hotels

International

Inc

3,126‌

311‌

Las

Vegas

Sands

Corp

1,038‌

58‌

Marriott

International

Inc/MD

(e)

174‌

22‌

MGM

Resorts

International

(e)

18,789‌

531‌

$

922‌

Machinery

-

Construction

&

Mining

-

0.18%

Argan

Inc

3,372‌

155‌

Astec

Industries

Inc

2,558‌

148‌

Caterpillar

Inc

820‌

142‌

Sandvik

AB

(d)

41,353‌

933‌

$

1,378‌

Machinery

-

Diversified

-

1.00%

Applied

Industrial

Technologies

Inc

1,200‌

94‌

Curtiss-Wright

Corp

1,975‌

228‌

Deere

&

Co

656‌

172‌

Dover

Corp

(e)

9,254‌

1,130‌

FANUC

Corp

2,300‌

564‌

Flowserve

Corp

(e)

20,189‌

688‌

GEA

Group

AG

10,891‌

372‌

Hexagon

AB

4,996‌

416‌

Husqvarna

AB

21,843‌

234‌

Ichor

Holdings

Ltd

(d)

2,823‌

90‌

IDEX

Corp

(e)

4,606‌

889‌

Inficon

Holding

AG

89‌

76‌

Interpump

Group

SpA

3,510‌

153‌

Kone

Oyj

3,658‌

307‌

Kornit

Digital

Ltd

(d)

1,099‌

93‌

Marel

HF

(i)

28,268‌

143‌

Nabtesco

Corp

8,600‌

353‌

Otis

Worldwide

Corp

(e)

14,004‌

938‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

61

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Machinery

-

Diversified

(continued)

Rockwell

Automation

Inc

(e)

995‌

$

254‌

SMC

Corp/Japan

400‌

254‌

Spirax-Sarco

Engineering

PLC

602‌

89‌

Stabilus

SA

2,033‌

143‌

Washtec

AG

(d)

1,856‌

95‌

Westinghouse

Air

Brake

Technologies

Corp

1,524‌

112‌

$

7,887‌

Media

-

0.48%

Charter

Communications

Inc

(d),(e)

711‌

463‌

Comcast

Corp

-

Class

A

7,663‌

385‌

Discovery

Inc

-

C

Shares

(d),(e)

12,628‌

303‌

DISH

Network

Corp

(d),(e)

16,994‌

610‌

Fox

Corp

-

A

Shares

(e)

10,840‌

313‌

iHeartMedia

Inc

(d)

18,582‌

222‌

Nexstar

Media

Group

Inc

303‌

32‌

Schibsted

ASA

-

B

Shares

(d)

1,278‌

46‌

Sirius

XM

Holdings

Inc

(e)

97,035‌

630‌

TEGNA

Inc

6,808‌

98‌

ViacomCBS

Inc

-

Class

B

151‌

5‌

Walt

Disney

Co/The

(e)

3,520‌

521‌

Wolters

Kluwer

NV

1,740‌

146‌

$

3,774‌

Metal

Fabrication

&

Hardware

-

0.07%

Advanced

Drainage

Systems

Inc

860‌

60‌

Rexnord

Corp

9,358‌

351‌

Tenaris

SA

ADR

1,870‌

28‌

Troax

Group

AB

4,549‌

89‌

$

528‌

Mining

-

0.53%

BHP

Group

Ltd

22,216‌

619‌

Compass

Minerals

International

Inc

1,354‌

85‌

Ecobat

Holdings,

Inc

-

Class

B

(d)

2,998‌

1,701‌

Freeport-McMoRan

Inc

2,627‌

61‌

Kirkland

Lake

Gold

Ltd

10,100‌

414‌

Livent

Corp

(d)

11,705‌

178‌

Newmont

Corp

7,431‌

437‌

Norsk

Hydro

ASA

87,888‌

356‌

Rio

Tinto

PLC

4,033‌

263‌

Wheaton

Precious

Metals

Corp

1,000‌

39‌

$

4,153‌

Miscellaneous

Manufacturers

-

0.42%

3M

Co

(e)

2,533‌

438‌

A

O

Smith

Corp

482‌

27‌

Alstom

SA

(d)

6,290‌

339‌

Alstom

SA

-

Rights

(d)

1,560‌

9‌

Carlisle

Cos

Inc

478‌

69‌

Enerpac

Tool

Group

Corp

4,470‌

100‌

Illinois

Tool

Works

Inc

(e)

4,554‌

961‌

ITT

Inc

3,015‌

219‌

Knorr-Bremse

AG

3,998‌

512‌

Lydall

Inc

(d)

4,800‌

132‌

Parker-Hannifin

Corp

499‌

133‌

Sturm

Ruger

&

Co

Inc

1,436‌

88‌

Trane

Technologies

PLC

(e)

1,895‌

277‌

$

3,304‌

Office

Furnishings

-

0.01%

Knoll

Inc

6,416‌

88‌

Oil

&

Gas

-

0.36%

Apache

Corp

(e)

44,244‌

570‌

Bellatrix

Exploration

Ltd

(d),(f),(g)

94,641‌

—‌

California

Resources

Corp

(d)

3,331‌

73‌

Canadian

Natural

Resources

Ltd

4,405‌

100‌

Chevron

Corp

5,055‌

440‌

Concho

Resources

Inc

1,025‌

59‌

ConocoPhillips

(e)

2,417‌

96‌

Diamondback

Energy

Inc

1,096‌

44‌

Dommo

Energia

SA

ADR

(d),(g)

269‌

1‌

ENEOS

Holdings

Inc

22,900‌

78‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Oil

&

Gas

(continued)

EOG

Resources

Inc

6,623‌

$

311‌

Exxon

Mobil

Corp

(e)

3,264‌

124‌

Lundin

Energy

AB

21,879‌

523‌

Royal

Dutch

Shell

PLC

-

A

Shares

3,589‌

60‌

Santos

Ltd

68,268‌

305‌

Whiting

Petroleum

Corp

(d)

2,723‌

62‌

$

2,846‌

Oil

&

Gas

Services

-

0.23%

DMC

Global

Inc

2,600‌

106‌

Halliburton

Co

(e)

46,957‌

780‌

National

Oilwell

Varco

Inc

17,628‌

216‌

Schlumberger

NV

(e)

24,428‌

508‌

TechnipFMC

PLC

(e)

23,755‌

197‌

$

1,807‌

Packaging

&

Containers

-

0.41%

Amcor

PLC

(e)

75,971‌

861‌

Ball

Corp

6,652‌

639‌

CCL

Industries

Inc

8,400‌

370‌

Sealed

Air

Corp

(e)

26,145‌

1,178‌

Vidrala

SA

1,205‌

130‌

$

3,178‌

Pharmaceuticals

-

1.61%

AbbVie

Inc

(e)

3,994‌

418‌

AmerisourceBergen

Corp

3,157‌

325‌

AstraZeneca

PLC

ADR

2,815‌

149‌

AstraZeneca

PLC

1,081‌

113‌

Bayer

AG

1,881‌

108‌

Becton

Dickinson

and

Co

517‌

121‌

BioGaia

AB

1,705‌

99‌

Bristol-Myers

Squibb

Co

(e)

3,758‌

235‌

China

Biologic

Products

Holdings

Inc

(d)

2,696‌

321‌

Chugai

Pharmaceutical

Co

Ltd

6,300‌

305‌

Cigna

Corp

(e)

302‌

63‌

CVS

Health

Corp

(e)

8,273‌

561‌

DexCom

Inc

(d)

691‌

221‌

Elanco

Animal

Health

Inc

(d)

3,774‌

115‌

Eli

Lilly

and

Co

752‌

110‌

Galapagos

NV

(d)

947‌

116‌

Ipsen

SA

1,006‌

97‌

Jazz

Pharmaceuticals

PLC

(d),(e)

2,579‌

363‌

Johnson

&

Johnson

(e)

16,452‌

2,380‌

KalVista

Pharmaceuticals

Inc

(d)

4,148‌

78‌

Kyowa

Kirin

Co

Ltd

7‌

—‌

McKesson

Corp

1,350‌

243‌

Merck

&

Co

Inc

(e)

6,566‌

527‌

Merck

KGaA

4,741‌

757‌

Myovant

Sciences

Ltd

(d)

3,984‌

95‌

Neurocrine

Biosciences

Inc

(d),(e)

786‌

75‌

Nippon

Shinyaku

Co

Ltd

3,000‌

215‌

Novartis

AG

3,545‌

321‌

Novo

Nordisk

A/S

6,840‌

458‌

Odonate

Therapeutics

Inc

(d)

1,937‌

29‌

Orion

Oyj

11,477‌

540‌

Otsuka

Holdings

Co

Ltd

2,400‌

97‌

Pfizer

Inc

(e)

18,050‌

691‌

Premier

Inc

2,218‌

79‌

Roche

Holding

AG

3,344‌

1,099‌

Santen

Pharmaceutical

Co

Ltd

7,500‌

125‌

Sarepta

Therapeutics

Inc

(d),(e)

1,568‌

221‌

Shionogi

&

Co

Ltd

2,700‌

144‌

Sumitomo

Dainippon

Pharma

Co

Ltd

17,037‌

215‌

UCB

SA

1,219‌

130‌

Viatris

Inc

(d)

15,440‌

260‌

$

12,619‌

Pipelines

-

0.11%

Enterprise

Products

Partners

LP

932‌

18‌

Kinder

Morgan

Inc

(e)

33,625‌

483‌

Southcross

Holdings

(d),(f),(g)

388,623‌

39‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

62

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Pipelines

(continued)

Williams

Cos

Inc/The

(e)

16,009‌

$

336‌

$

876‌

Private

Equity

-

0.06%

Blackstone

Group

Inc/The

1,836‌

109‌

Intermediate

Capital

Group

PLC

8,096‌

175‌

Partners

Group

Holding

AG

166‌

179‌

$

463‌

Real

Estate

-

0.17%

Catena

AB

3,195‌

144‌

CBRE

Group

Inc

(d)

952‌

58‌

CK

Asset

Holdings

Ltd

23,500‌

128‌

Daito

Trust

Construction

Co

Ltd

4,600‌

450‌

Hill

Street

(d),(f),(g)

222‌

5‌

Hill

Street

-

Warrants

(d),(f),(g)

377‌

—‌

Kojamo

Oyj

4,247‌

88‌

REA

Group

Ltd

2,767‌

295‌

Redfin

Corp

(d)

1,011‌

49‌

Shurgard

Self

Storage

SA

2,240‌

95‌

WE

Company

Common

Class

A

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

356‌

2‌

$

1,314‌

REITs

-

0.87%

Agree

Realty

Corp

1,371‌

90‌

Alexandria

Real

Estate

Equities

Inc

(e)

2,027‌

332‌

American

Tower

Corp

2,002‌

463‌

Americold

Realty

Trust

2,980‌

102‌

Annaly

Capital

Management

Inc

(e)

8,388‌

67‌

Apartment

Investment

and

Management

Co

(e)

3,063‌

93‌

AvalonBay

Communities

Inc

670‌

112‌

Big

Yellow

Group

PLC

5,904‌

89‌

Boston

Properties

Inc

259‌

25‌

Camden

Property

Trust

685‌

68‌

CoreCivic

Inc

8,202‌

58‌

Crown

Castle

International

Corp

559‌

94‌

Digital

Realty

Trust

Inc

294‌

40‌

Easterly

Government

Properties

Inc

3,500‌

76‌

Equinix

Inc

69‌

48‌

Essential

Properties

Realty

Trust

Inc

5,129‌

105‌

Goodman

Group

15,142‌

208‌

Hibernia

REIT

plc

88,532‌

121‌

Iron

Mountain

Inc

1,004‌

27‌

Japan

Retail

Fund

Investment

Corp

120‌

190‌

Kimco

Realty

Corp

(e)

5,014‌

72‌

Klepierre

SA

6,446‌

142‌

Lamar

Advertising

Co

7,734‌

616‌

Mid-America

Apartment

Communities

Inc

(e)

1,656‌

209‌

Monmouth

Real

Estate

Investment

Corp

7,058‌

105‌

Pebblebrook

Hotel

Trust

5,542‌

102‌

Prologis

Inc

(e)

1,310‌

131‌

Public

Storage

(e)

1,919‌

431‌

Realty

Income

Corp

(e)

1,078‌

65‌

SBA

Communications

Corp

145‌

42‌

Segro

PLC

6,466‌

78‌

Simon

Property

Group

Inc

(e)

412‌

34‌

Stockland

9,916‌

33‌

Unibail-Rodamco-Westfield

780‌

55‌

Ventas

Inc

(e)

15,465‌

741‌

VICI

Properties

Inc

4,636‌

117‌

Weyerhaeuser

Co

(e)

48,076‌

1,396‌

Xenia

Hotels

&

Resorts

Inc

3,400‌

48‌

$

6,825‌

Retail

-

3.25%

ABC-Mart

Inc

600‌

31‌

Advance

Auto

Parts

Inc

(e)

4,264‌

630‌

AutoZone

Inc

(d),(e)

561‌

638‌

Best

Buy

Co

Inc

(e)

1,967‌

214‌

BMC

Stock

Holdings

Inc

(d)

2,841‌

139‌

CarMax

Inc

(d)

2,523‌

236‌

Casey's

General

Stores

Inc

6,082‌

1,105‌

Children's

Place

Inc/The

2,457‌

106‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Retail

(continued)

Cosmos

Pharmaceutical

Corp

1,600‌

$

276‌

Costco

Wholesale

Corp

(e)

1,084‌

425‌

Darden

Restaurants

Inc

(e)

9,844‌

1,063‌

Dollar

General

Corp

1,888‌

413‌

Dollar

Tree

Inc

(d),(e)

3,963‌

433‌

Domino's

Pizza

Inc

9‌

3‌

Dunkin'

Brands

Group

Inc

12,500‌

1,329‌

Fast

Retailing

Co

Ltd

300‌

246‌

Five

Below

Inc

(d)

5,722‌

894‌

Floor

&

Decor

Holdings

Inc

(d)

1,645‌

132‌

Gap

Inc/The

(e)

44,213‌

927‌

Genuine

Parts

Co

(e)

2,677‌

263‌

Hennes

&

Mauritz

AB

(d)

17,190‌

366‌

Home

Depot

Inc/The

(e)

4,508‌

1,250‌

Industria

de

Diseno

Textil

SA

23,020‌

764‌

Jand

Inc

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

1,693‌

39‌

JD

Sports

Fashion

PLC

(d)

36,900‌

379‌

L

Brands

Inc

(e)

28,830‌

1,119‌

Lawson

Inc

2,500‌

113‌

Lowe's

Cos

Inc

(e)

6,366‌

991‌

Lululemon

Athletica

Inc

(d)

207‌

77‌

Marui

Group

Co

Ltd

11,600‌

211‌

McDonald's

Corp

(e)

5,766‌

1,254‌

McDonald's

Holdings

Co

Japan

Ltd

8,900‌

432‌

Michaels

Cos

Inc/The

(d)

9,711‌

96‌

Moncler

SpA

(d)

2,366‌

117‌

Movado

Group

Inc

5,436‌

92‌

Next

PLC

3,912‌

338‌

Nitori

Holdings

Co

Ltd

1,800‌

383‌

Ollie's

Bargain

Outlet

Holdings

Inc

(d)

1,422‌

125‌

O'Reilly

Automotive

Inc

(d),(e)

1,417‌

627‌

Pandora

A/S

4,500‌

451‌

Regis

Corp

(d)

3,149‌

27‌

Ross

Stores

Inc

6,690‌

719‌

Starbucks

Corp

2,953‌

289‌

Sundrug

Co

Ltd

9,400‌

394‌

Target

Corp

(e)

3,762‌

676‌

TJX

Cos

Inc/The

13,188‌

838‌

Tractor

Supply

Co

(e)

2,021‌

285‌

Ulta

Beauty

Inc

(d),(e)

3,180‌

876‌

USS

Co

Ltd

6,500‌

135‌

Walgreens

Boots

Alliance

Inc

(e)

2,568‌

98‌

Walmart

Inc

(e)

8,619‌

1,317‌

Wesfarmers

Ltd

555‌

20‌

WH

Smith

PLC

6,435‌

121‌

Wingstop

Inc

28‌

4‌

Yum!

Brands

Inc

(e)

9,207‌

974‌

$

25,500‌

Savings

&

Loans

-

0.04%

OceanFirst

Financial

Corp

4,202‌

66‌

Pacific

Premier

Bancorp

Inc

3,245‌

94‌

Sterling

Bancorp/DE

6,408‌

102‌

WSFS

Financial

Corp

1,918‌

73‌

$

335‌

Semiconductors

-

1.60%

Advanced

Micro

Devices

Inc

(d),(e)

6,210‌

575‌

Advantest

Corp

300‌

21‌

Applied

Materials

Inc

(e)

10,228‌

843‌

ASML

Holding

NV

1,522‌

661‌

BE

Semiconductor

Industries

NV

2,491‌

130‌

Broadcom

Inc

(e)

1,861‌

747‌

Entegris

Inc

1,195‌

111‌

Infineon

Technologies

AG

11,802‌

416‌

Intel

Corp

(e)

21,686‌

1,048‌

KLA

Corp

986‌

248‌

Kulicke

&

Soffa

Industries

Inc

3,984‌

121‌

Lam

Research

Corp

(e)

1,322‌

599‌

Marvell

Technology

Group

Ltd

4,405‌

204‌

Maxim

Integrated

Products

Inc

(e)

5,107‌

424‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

63

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Semiconductors

(continued)

Microchip

Technology

Inc

(e)

2,075‌

$

279‌

Micron

Technology

Inc

(d),(e)

2,438‌

157‌

MKS

Instruments

Inc

1,127‌

156‌

NVIDIA

Corp

(e)

647‌

347‌

Qorvo

Inc

(d),(e)

3,830‌

600‌

QUALCOMM

Inc

(e)

8,028‌

1,181‌

Rohm

Co

Ltd

600‌

50‌

Samsung

Electronics

Co

Ltd

1,449‌

87‌

Silicon

Motion

Technology

Corp

ADR

2,128‌

84‌

Skyworks

Solutions

Inc

(e)

2,172‌

307‌

SOITEC

(d)

968‌

169‌

STMicroelectronics

NV

14,281‌

563‌

Teradyne

Inc

(e)

7,142‌

788‌

Texas

Instruments

Inc

(e)

5,744‌

927‌

Tokyo

Electron

Ltd

1,000‌

340‌

Tower

Semiconductor

Ltd

(d)

16,009‌

392‌

$

12,575‌

Shipbuilding

-

0.04%

Huntington

Ingalls

Industries

Inc

(e)

1,907‌

305‌

Software

-

2.62%

Activision

Blizzard

Inc

(e)

1,338‌

107‌

Adobe

Inc

(d),(e)

1,054‌

505‌

Agilysys

Inc

(d)

5,017‌

187‌

ANSYS

Inc

(d)

112‌

38‌

Autodesk

Inc

(d),(e)

1,783‌

499‌

Avid

Technology

Inc

(d)

7,845‌

95‌

Bandwidth

Inc

(d)

542‌

82‌

Black

Knight

Inc

(d)

2,792‌

256‌

Broadridge

Financial

Solutions

Inc

3,749‌

551‌

Cadence

Design

Systems

Inc

(d)

766‌

89‌

Cardlytics

Inc

(d)

2,277‌

270‌

Cerner

Corp

(e)

5,064‌

379‌

Citrix

Systems

Inc

(e)

2,645‌

327‌

Cloudera

Inc

(d)

13,998‌

163‌

Constellation

Software

Inc/Canada

332‌

411‌

CSG

Systems

International

Inc

1,647‌

71‌

DocuSign

Inc

(d)

3,707‌

845‌

Dropbox

Inc

-

A

Shares

(d),(e)

11,837‌

236‌

Electronic

Arts

Inc

1,140‌

146‌

Envestnet

Inc

(d)

1,502‌

121‌

Fair

Isaac

Corp

(d),(e)

1,801‌

852‌

Fidelity

National

Information

Services

Inc

196‌

29‌

Five9

Inc

(d)

431‌

67‌

Guidewire

Software

Inc

(d)

1,293‌

158‌

Health

Catalyst

Inc

(d)

2,192‌

78‌

HubSpot

Inc

(d)

147‌

58‌

Intuit

Inc

(e)

438‌

154‌

J2

Global

Inc

(d)

1,680‌

151‌

Manhattan

Associates

Inc

(d)

994‌

102‌

Microsoft

Corp

(e)

25,024‌

5,356‌

MINDBODY

Inc

(d),(f),(g)

9,229‌

337‌

MongoDB

Inc

(d)

3,371‌

969‌

NextGen

Healthcare

Inc

(d)

5,266‌

93‌

Oracle

Corp

(e)

15,071‌

869‌

Oracle

Corp

Japan

800‌

89‌

PagerDuty

Inc

(d)

1,964‌

68‌

Paychex

Inc

(e)

11,774‌

1,097‌

Paycom

Software

Inc

(d)

444‌

185‌

PROS

Holdings

Inc

(d)

2,490‌

107‌

RingCentral

Inc

(d)

505‌

150‌

salesforce.com

Inc

(d),(e)

1,861‌

458‌

ServiceNow

Inc

(d),(e)

734‌

393‌

SimCorp

A/S

860‌

113‌

Splunk

Inc

(d)

1,421‌

290‌

Square

Enix

Holdings

Co

Ltd

3,600‌

220‌

Synopsys

Inc

(d)

481‌

109‌

Take-Two

Interactive

Software

Inc

(d),(e)

1,206‌

218‌

Twilio

Inc

(d)

3,268‌

1,046‌

Verra

Mobility

Corp

(d)

6,100‌

74‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Software

(continued)

VMware

Inc

(d)

525‌

$

73‌

WiseTech

Global

Ltd

5,721‌

129‌

Workday

Inc

(d),(e)

3,982‌

896‌

Xperi

Holding

Corp

5,171‌

99‌

Zoom

Video

Communications

Inc

(d),(e)

178‌

85‌

$

20,550‌

Telecommunications

-

0.85%

AT&T

Inc

(e)

26,443‌

760‌

CenturyLink

Inc

984‌

10‌

Cisco

Systems

Inc

(e)

24,740‌

1,065‌

Corning

Inc

6,196‌

232‌

Deutsche

Telekom

AG

36,876‌

666‌

Harmonic

Inc

(d)

16,921‌

110‌

Hellenic

Telecommunications

Organization

SA

9,696‌

161‌

HMS

Networks

AB

(d)

2,397‌

64‌

InterDigital

Inc

1,396‌

84‌

Juniper

Networks

Inc

(e)

19,208‌

418‌

Koninklijke

KPN

NV

123,828‌

368‌

Motorola

Solutions

Inc

(e)

3,058‌

525‌

Ooma

Inc

(d)

6,067‌

95‌

Plantronics

Inc

(e)

7,694‌

210‌

Proximus

SADP

4,821‌

101‌

SoftBank

Group

Corp

14,800‌

1,020‌

T-Mobile

US

Inc

(d)

1,994‌

265‌

Verizon

Communications

Inc

(e)

8,775‌

530‌

$

6,684‌

Textiles

-

0.07%

Mohawk

Industries

Inc

(d),(e)

4,105‌

517‌

Toys,

Games

&

Hobbies

-

0.08%

Games

Workshop

Group

PLC

1,098‌

144‌

Hasbro

Inc

(e)

1,106‌

103‌

Nintendo

Co

Ltd

700‌

397‌

$

644‌

Transportation

-

0.67%

Canadian

National

Railway

Co

4,868‌

510‌

CH

Robinson

Worldwide

Inc

(e)

1,099‌

103‌

CSX

Corp

(e)

6,461‌

582‌

Deutsche

Post

AG

3,263‌

157‌

Expeditors

International

of

Washington

Inc

(e)

16,799‌

1,501‌

FedEx

Corp

(e)

1,925‌

551‌

Hub

Group

Inc

(d)

2,090‌

114‌

JB

Hunt

Transport

Services

Inc

(e)

3,279‌

444‌

Kuehne

+

Nagel

International

AG

495‌

112‌

Norfolk

Southern

Corp

595‌

141‌

Old

Dominion

Freight

Line

Inc

(e)

902‌

184‌

Union

Pacific

Corp

4,066‌

830‌

United

Parcel

Service

Inc

387‌

66‌

$

5,295‌

Water

-

0.03%

Severn

Trent

PLC

2,310‌

73‌

Veolia

Environnement

SA

7,899‌

181‌

$

254‌

TOTAL

COMMON

STOCKS

$

306,652‌

CONVERTIBLE

PREFERRED

STOCKS

-

0.25%

Shares

Held

Value

(000's)

Agriculture

-

0.10%

Bunge

Ltd

4.88%

(j)

6,930‌

$

748‌

Banks

-

0.08%

Bank

of

America

Corp

7.25%

(j)

215‌

319‌

Wells

Fargo

&

Co

7.50%

(j)

243‌

341‌

$

660‌

Electric

-

0.01%

NextEra

Energy

Inc

5.28%,

03/01/2023

1,526‌

74‌

Healthcare

-

Products

-

0.03%

Boston

Scientific

Corp

5.50%,

06/01/2023

1,922‌

196‌

Internet

-

0.02%

Airbnb

Inc

-

Series

E

0.00%

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

3,370‌

137‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

64

CONVERTIBLE

PREFERRED

STOCKS

(continued)

Shares

Held

Value

(000’s)

Oil

&

Gas

-

0.00%

Chesapeake

Energy

Corp

5.75%

(j)

355‌

$

1‌

Pipelines

-

0.00%

El

Paso

Energy

Capital

Trust

I

4.75%,

03/31/2028

452‌

23‌

Retail

-

0.01%

Jand

Inc

0.00%

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

3,781‌

88‌

TOTAL

CONVERTIBLE

PREFERRED

STOCKS

$

1,927‌

PREFERRED

STOCKS

-

0.39%

Shares

Held

Value

(000's)

Automobile

Manufacturers

-

0.02%

Volkswagen

AG

4.86%

1,011‌

$

170‌

Chemicals

-

0.02%

FUCHS

PETROLUB

SE

0.97%

3,593‌

204‌

Internet

-

0.00%

Veracode

Inc

0.00%

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

6,031‌

4‌

Pipelines

-

0.30%

Southcross

Energy

Series

A

0.00%

(d),(f),(g)

2,399,339‌

1,368‌

Southcross

Energy

Series

B

0.00%

(d),(f),(g)

703,849‌

985‌

$

2,353‌

Private

Equity

-

0.04%

Forward

Venture

Services

LLC

0.00%

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

32,815‌

294‌

Real

Estate

-

0.01%

WE

Company

Preferred

D-1

0.00%

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

4,867‌

38‌

WE

Company

Preferred

D-2

0.00%

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

3,824‌

30‌

$

68‌

Software

-

0.00%

Marklogic

-

Escrow

0.00%

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

14,832‌

4‌

TOTAL

PREFERRED

STOCKS

$

3,097‌

BONDS

-

37.80%

Principal

Amount

(000's)

Value

(000's)

Advertising

-

0.03%

Lamar

Media

Corp

3.75%,

02/15/2028

$

50‌

$

50‌

4.00%,

02/15/2030

100‌

104‌

Outfront

Media

Capital

LLC

/

Outfront

Media

Capital

Corp

4.63%,

03/15/2030

(i)

120‌

119‌

$

273‌

Aerospace

&

Defense

-

0.62%

Boeing

Co/The

2.25%,

06/15/2026

195‌

196‌

2.95%,

02/01/2030

85‌

86‌

3.10%,

05/01/2026

10‌

10‌

3.25%,

02/01/2035

45‌

44‌

3.38%,

06/15/2046

250‌

231‌

3.50%,

03/01/2039

65‌

64‌

3.55%,

03/01/2038

30‌

29‌

3.63%,

03/01/2048

155‌

148‌

3.65%,

03/01/2047

50‌

48‌

3.75%,

02/01/2050

205‌

206‌

3.83%,

03/01/2059

25‌

25‌

3.85%,

11/01/2048

50‌

49‌

3.90%,

05/01/2049

100‌

102‌

3.95%,

08/01/2059

60‌

61‌

5.15%,

05/01/2030

380‌

448‌

5.71%,

05/01/2040

75‌

95‌

5.81%,

05/01/2050

755‌

998‌

5.93%,

05/01/2060

110‌

149‌

Embraer

Netherlands

Finance

BV

5.05%,

06/15/2025

180‌

191‌

5.40%,

02/01/2027

130‌

137‌

Leonardo

US

Holdings

Inc

6.25%,

01/15/2040

(i)

716‌

823‌

Spirit

AeroSystems

Inc

4.60%,

06/15/2028

35‌

34‌

7.50%,

04/15/2025

(i)

310‌

332‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Aerospace

&

Defense

(continued)

TransDigm

Inc

6.25%,

03/15/2026

(i)

$

375‌

$

398‌

$

4,904‌

Agriculture

-

0.14%

JBS

Investments

II

GmbH

7.00%,

01/15/2026

(i)

1,000‌

1,077‌

Airlines

-

0.17%

American

Airlines

Inc

11.75%,

07/15/2025

(i)

253‌

280‌

Mileage

Plus

Holdings

LLC

/

Mileage

Plus

Intellectual

Property

Assets

Ltd

6.50%,

06/20/2027

(i)

316‌

343‌

United

Airlines

2019-2

Class

B

Pass

Through

Trust

3.50%,

11/01/2029

884‌

753‌

$

1,376‌

Automobile

Asset

Backed

Securities

-

0.71%

American

Credit

Acceptance

Receivables

Trust

2020-3

2.40%,

06/15/2026

(i)

305‌

311‌

American

Credit

Acceptance

Receivables

Trust

2020-4

1.77%,

12/14/2026

(i)

280‌

281‌

AmeriCredit

Automobile

Receivables

Trust

2020-2

2.13%,

03/18/2026

120‌

123‌

AmeriCredit

Automobile

Receivables

Trust

2020-3

1.49%,

09/18/2026

450‌

451‌

Avid

Automobile

Receivables

Trust

2019-1

3.14%,

07/15/2026

(i)

150‌

152‌

Avis

Budget

Rental

Car

Funding

AESOP

LLC

2.96%,

02/20/2027

(i)

100‌

102‌

CarMax

Auto

Owner

Trust

2018-1

3.37%,

07/15/2024

25‌

26‌

Carmax

Auto

Owner

Trust

2018-4

4.15%,

04/15/2025

205‌

214‌

Carmax

Auto

Owner

Trust

2020-1

2.64%,

07/15/2026

175‌

180‌

Chesapeake

Funding

II

LLC

3.57%,

04/15/2030

(i)

175‌

179‌

3.71%,

05/15/2029

(i)

130‌

131‌

3.92%,

04/15/2030

(i)

455‌

465‌

Drive

Auto

Receivables

Trust

2019-1

4.09%,

06/15/2026

260‌

272‌

DT

Auto

Owner

Trust

2020-2

4.73%,

03/16/2026

(i)

25‌

27‌

DT

Auto

Owner

Trust

2020-3

1.84%,

06/15/2026

(i)

125‌

126‌

Exeter

Automobile

Receivables

Trust

2020-2

4.73%,

04/15/2026

(i)

140‌

151‌

Exeter

Automobile

Receivables

Trust

2020-3

1.32%,

07/15/2025

219‌

220‌

First

Investors

Auto

Owner

Trust

2019-2

2.80%,

12/15/2025

(i)

75‌

77‌

3.88%,

01/15/2026

(i)

175‌

181‌

Flagship

Credit

Auto

Trust

2020-3

1.73%,

09/15/2026

(i)

445‌

453‌

Prestige

Auto

Receivables

Trust

2019-1

3.90%,

05/15/2026

(i)

145‌

149‌

Santander

Drive

Auto

Receivables

Trust

2020-1

5.35%,

03/15/2028

385‌

427‌

Santander

Drive

Auto

Receivables

Trust

2020-2

2.22%,

09/15/2026

135‌

138‌

Santander

Drive

Auto

Receivables

Trust

2020-4

1.48%,

01/15/2027

450‌

451‌

Tidewater

Auto

Receivables

Trust

2018-A

4.30%,

11/15/2024

(i)

100‌

102‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

65

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Automobile

Asset

Backed

Securities

(continued)

Westlake

Automobile

Receivables

Trust

2020-3

1.65%,

02/17/2026

(i)

$

180‌

$

181‌

$

5,570‌

Automobile

Manufacturers

-

0.36%

Allison

Transmission

Inc

3.75%,

01/30/2031

(i)

185‌

187‌

FCE

Bank

PLC

0.87%,

09/13/2021

EUR

395‌

470‌

1.88%,

06/24/2021

280‌

334‌

Ford

Motor

Co

8.50%,

04/21/2023

$

185‌

207‌

9.00%,

04/22/2025

220‌

267‌

9.63%,

04/22/2030

50‌

70‌

General

Motors

Co

5.40%,

04/01/2048

260‌

328‌

5.95%,

04/01/2049

730‌

985‌

$

2,848‌

Banks

-

0.91%

Banco

Hipotecario

SA

35.75%,

11/07/2022

(i)

ARS

10,245‌

119‌

Argentina

Deposit

Rates

Badlar

Private

Banks

ARS

30

to

35

Days

+

4.00%

Banco

Macro

SA

17.50%,

05/08/2022

(i)

5,115‌

41‌

Banco

Santander

SA

2.75%,

12/03/2030

(g),(k)

$

200‌

200‌

Banque

Centrale

de

Tunisie

International

Bond

5.75%,

01/30/2025

1,600‌

1,445‌

Barclays

PLC

3.56%,

09/23/2035

(l)

495‌

516‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.90%

Danske

Bank

A/S

3.24%,

12/20/2025

(i),(l)

200‌

214‌

3

Month

USD

LIBOR

+

1.59%

Deutsche

Bank

AG/New

York

NY

3.55%,

09/18/2031

(l)

150‌

161‌

United

States

Secured

Overnight

Financing

Rate

+

3.04%

Financiera

de

Desarrollo

Territorial

SA

Findeter

7.88%,

08/12/2024

(i)

COP

1,717,000‌

516‌

International

Bank

of

Azerbaijan

OJSC

3.50%,

09/01/2024

$

2,000‌

1,875‌

JPMorgan

Chase

&

Co

4.49%,

03/24/2031

(l)

780‌

957‌

United

States

Secured

Overnight

Financing

Rate

+

3.79%

Standard

Chartered

PLC

3.27%,

02/18/2036

(i),(l)

375‌

381‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.30%

4.64%,

04/01/2031

(i),(l)

295‌

355‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.85%

UniCredit

SpA

2.57%,

09/22/2026

(i),(l)

350‌

356‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

1

Year

+

2.30%

$

7,136‌

Beverages

-

0.05%

Fomento

Economico

Mexicano

SAB

de

CV

3.50%,

01/16/2050

386‌

425‌

Building

Materials

-

0.32%

Builders

FirstSource

Inc

6.75%,

06/01/2027

(i)

225‌

242‌

Carrier

Global

Corp

2.72%,

02/15/2030

(i)

310‌

330‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Building

Materials

(continued)

Cemex

SAB

de

CV

5.20%,

09/17/2030

(i)

$

1,425‌

$

1,554‌

CP

Atlas

Buyer

Inc

7.00%,

12/01/2028

(i)

148‌

153‌

Standard

Industries

Inc/NJ

4.38%,

07/15/2030

(i)

230‌

243‌

$

2,522‌

Chemicals

-

0.06%

Braskem

Netherlands

Finance

BV

4.50%,

01/31/2030

(i)

200‌

202‌

Nutrition

&

Biosciences

Inc

2.30%,

11/01/2030

(i)

255‌

262‌

$

464‌

Commercial

Mortgage

Backed

Securities

-

2.75%

BBCMS

2020-BID

Mortgage

Trust

2.68%,

10/15/2037

(i)

325‌

325‌

1.00

x

1

Month

USD

LIBOR

+

2.54%

Citigroup

Commercial

Mortgage

Trust

2019-C7

2.75%,

12/15/2072

(i)

1,125‌

884‌

COMM

2012-LC4

Mortgage

Trust

5.72%,

12/10/2044

(m)

10‌

9‌

COMM

2015-CCRE25

Mortgage

Trust

3.94%,

08/10/2048

(m)

2,280‌

1,652‌

COMM

2015-CCRE27

Mortgage

Trust

3.25%,

10/10/2048

(i)

2,800‌

1,865‌

COMM

2015-LC21

Mortgage

Trust

1.23%,

07/10/2048

(i),(m),(n)

10,000‌

451‌

1.23%,

07/10/2048

(i),(m),(n)

3,125‌

136‌

COMM

2016-CR28

Mortgage

Trust

3.25%,

02/10/2049

(i)

850‌

445‌

Credit

Suisse

Commercial

Mortgage

Securities

Corp

2019-SLKZ

3.74%,

01/15/2034

(i)

155‌

146‌

1.00

x

1

Month

USD

LIBOR

+

3.60%

Csail

2015-C2

Commercial

Mortgage

Trust

4.33%,

06/15/2057

(m)

960‌

753‌

4.33%,

06/15/2057

(m)

2,184‌

1,667‌

CSMC

2014-USA

OA

LLC

4.37%,

09/15/2037

(i)

1,055‌

762‌

GS

Mortgage

Securities

Corp

II

4.56%,

07/10/2051

(i),(m)

635‌

288‌

HPLY

Trust

2019-HIT

1.74%,

11/15/2036

(i)

252‌

243‌

1.00

x

1

Month

USD

LIBOR

+

1.60%

JPMBB

Commercial

Mortgage

Securities

Trust

2015-C29

3.84%,

05/15/2048

(m),(o)

2,735‌

2,101‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2013-C12

3.71%,

10/15/2046

(i)

1,275‌

488‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2015-C25

4.68%,

10/15/2048

(i),(m)

350‌

226‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2017-C34

1.02%,

11/15/2052

(i),(m),(n)

3,150‌

155‌

Morgan

Stanley

Capital

I

Trust

2011-C2

5.66%,

06/15/2044

(i),(m)

475‌

370‌

5.66%,

06/15/2044

(i),(m)

160‌

95‌

Motel

6

Trust

2017-M6MZ

7.07%,

08/15/2024

(i)

731‌

666‌

1.00

x

1

Month

USD

LIBOR

+

6.93%

Starwood

Retail

Property

Trust

2014-STAR

2.89%,

11/15/2027

(f),(g),(i)

170‌

122‌

1.00

x

1

Month

USD

LIBOR

+

2.75%

4.54%,

11/15/2027

(f),(g),(i)

645‌

220‌

1.00

x

1

Month

USD

LIBOR

+

4.40%

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

66

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Mortgage

Backed

Securities

(continued)

Wells

Fargo

Commercial

Mortgage

Trust

2015-C26

3.25%,

02/15/2048

(i)

$

1,981‌

$

1,173‌

Wells

Fargo

Commercial

Mortgage

Trust

2015-LC22

3.36%,

09/15/2058

(i)

260‌

154‌

Wells

Fargo

Commercial

Mortgage

Trust

2015-NXS1

2.88%,

05/15/2048

(i),(m)

1,485‌

957‌

Wells

Fargo

Commercial

Mortgage

Trust

2016-NXS6

2.00%,

11/15/2049

(i),(m),(n)

7,575‌

640‌

Wells

Fargo

Commercial

Mortgage

Trust

2019-JWDR

3.14%,

09/15/2031

(i),(m)

650‌

627‌

WF-RBS

Commercial

Mortgage

Trust

2011-C2

5.63%,

02/15/2044

(i),(m)

115‌

115‌

WFRBS

Commercial

Mortgage

Trust

2011-C3

5.84%,

03/15/2044

(i),(m)

350‌

159‌

WFRBS

Commercial

Mortgage

Trust

2011-C4

5.38%,

06/15/2044

(i),(m)

845‌

743‌

WFRBS

Commercial

Mortgage

Trust

2012-C6

5.77%,

04/15/2045

(i),(m)

500‌

503‌

WFRBS

Commercial

Mortgage

Trust

2012-C7

4.96%,

06/15/2045

(m)

80‌

61‌

4.96%,

06/15/2045

(i),(m)

225‌

87‌

WFRBS

Commercial

Mortgage

Trust

2014-C20

3.99%,

05/15/2047

(i)

267‌

108‌

WFRBS

Commercial

Mortgage

Trust

2014-C21

3.50%,

08/15/2047

(i),(o)

2,885‌

2,184‌

$

21,580‌

Commercial

Services

-

0.47%

Adani

Ports

&

Special

Economic

Zone

Ltd

4.20%,

08/04/2027

(i)

1,620‌

1,726‌

APX

Group

Inc

6.75%,

02/15/2027

(i)

1,000‌

1,080‌

Gartner

Inc

3.75%,

10/01/2030

(i)

150‌

156‌

Sabre

GLBL

Inc

9.25%,

04/15/2025

(i)

30‌

35‌

United

Rentals

North

America

Inc

4.00%,

07/15/2030

630‌

663‌

$

3,660‌

Computers

-

0.03%

Diebold

Nixdorf

Inc

9.38%,

07/15/2025

(i)

191‌

210‌

Consumer

Products

-

0.03%

Kimberly-Clark

de

Mexico

SAB

de

CV

2.43%,

07/01/2031

(i)

200‌

206‌

Credit

Card

Asset

Backed

Securities

-

0.03%

Genesis

Sales

Finance

Master

Trust

Series

2019-A

4.68%,

08/20/2023

(i)

255‌

257‌

Distribution

&

Wholesale

-

0.00%

H&E

Equipment

Services

Inc

3.88%,

12/15/2028

(g),(i),(k)

37‌

37‌

Diversified

Financial

Services

-

0.96%

AerCap

Ireland

Capital

DAC

/

AerCap

Global

Aviation

Trust

3.65%,

07/21/2027

150‌

155‌

3.88%,

01/23/2028

150‌

153‌

4.50%,

09/15/2023

380‌

407‌

6.50%,

07/15/2025

150‌

174‌

Air

Lease

Corp

3.13%,

12/01/2030

535‌

543‌

3.38%,

07/01/2025

330‌

348‌

Aircastle

Ltd

4.25%,

06/15/2026

695‌

708‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Diversified

Financial

Services

(continued)

Ally

Financial

Inc

3.88%,

05/21/2024

$

35‌

$

38‌

5.75%,

11/20/2025

240‌

280‌

Aviation

Capital

Group

LLC

5.50%,

12/15/2024

(i)

175‌

187‌

Navient

Corp

5.00%,

03/15/2027

370‌

366‌

5.88%,

10/25/2024

15‌

16‌

6.13%,

03/25/2024

5‌

5‌

6.50%,

06/15/2022

5‌

5‌

6.75%,

06/15/2026

15‌

16‌

7.25%,

01/25/2022

20‌

21‌

7.25%,

09/25/2023

50‌

55‌

OneMain

Finance

Corp

6.88%,

03/15/2025

5‌

6‌

7.13%,

03/15/2026

90‌

104‌

8.88%,

06/01/2025

85‌

95‌

Power

Finance

Corp

Ltd

3.95%,

04/23/2030

300‌

315‌

5.25%,

08/10/2028

1,940‌

2,204‌

Quicken

Loans

LLC

5.25%,

01/15/2028

(i)

685‌

724‌

Quicken

Loans

LLC

/

Quicken

Loans

Co-Issuer

Inc

3.63%,

03/01/2029

(i)

205‌

204‌

3.88%,

03/01/2031

(i)

380‌

385‌

$

7,514‌

Electric

-

0.64%

Adani

Electricity

Mumbai

Ltd

3.95%,

02/12/2030

(i)

1,400‌

1,467‌

3.95%,

02/12/2030

500‌

524‌

AES

Corp/The

3.95%,

07/15/2030

(i)

115‌

130‌

5.13%,

09/01/2027

115‌

127‌

5.50%,

04/15/2025

40‌

41‌

6.00%,

05/15/2026

15‌

16‌

Calpine

Corp

5.13%,

03/15/2028

(i)

125‌

131‌

FirstEnergy

Corp

4.85%,

07/15/2047

57‌

70‌

GenOn

Energy

Inc

-

Escrow

0.00%,

10/15/2018

(d),(f),(g)

6,993‌

—‌

0.00%,

10/15/2020

(d),(f),(g)

6,143‌

—‌

IPALCO

Enterprises

Inc

4.25%,

05/01/2030

(i)

30‌

35‌

NRG

Energy

Inc

4.45%,

06/15/2029

(i)

130‌

148‌

5.25%,

06/15/2029

(i)

60‌

65‌

5.75%,

01/15/2028

130‌

142‌

Pacific

Gas

and

Electric

Co

3.50%,

08/01/2050

210‌

212‌

4.30%,

03/15/2045

220‌

236‌

4.95%,

07/01/2050

25‌

30‌

Southern

California

Edison

Co

3.65%,

02/01/2050

65‌

76‌

4.00%,

04/01/2047

20‌

24‌

4.13%,

03/01/2048

25‌

31‌

Vistra

Operations

Co

LLC

3.70%,

01/30/2027

(i)

1,285‌

1,409‌

4.30%,

07/15/2029

(i)

125‌

139‌

$

5,053‌

Electronics

-

0.13%

Brightstar

Escrow

Corp

9.75%,

10/15/2025

(i)

1,000‌

1,034‌

Engineering

&

Construction

-

0.03%

GMR

Hyderabad

International

Airport

Ltd

5.38%,

04/10/2024

270‌

271‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

67

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Entertainment

-

0.02%

Caesars

Resort

Collection

LLC

/

CRC

Finco

Inc

5.75%,

07/01/2025

(i)

$

188‌

$

199‌

Environmental

Control

-

0.02%

GFL

Environmental

Inc

4.00%,

08/01/2028

(i)

148‌

147‌

Finance

-

Mortgage

Loan/Banker

-

0.04%

Fannie

Mae

0.88%,

08/05/2030

286‌

280‌

Food

-

0.55%

Albertsons

Cos

Inc

/

Safeway

Inc

/

New

Albertsons

LP

/

Albertsons

LLC

5.75%,

03/15/2025

232‌

239‌

Kraft

Heinz

Foods

Co

4.38%,

06/01/2046

170‌

181‌

4.88%,

10/01/2049

(i)

570‌

643‌

5.00%,

06/04/2042

85‌

97‌

5.20%,

07/15/2045

175‌

207‌

Lamb

Weston

Holdings

Inc

4.88%,

05/15/2028

(i)

80‌

89‌

MARB

BondCo

PLC

6.88%,

01/19/2025

1,100‌

1,144‌

7.00%,

03/15/2024

1,000‌

1,029‌

NBM

US

Holdings

Inc

7.00%,

05/14/2026

(i)

320‌

349‌

Post

Holdings

Inc

5.75%,

03/01/2027

(i)

125‌

132‌

Smithfield

Foods

Inc

3.00%,

10/15/2030

(i)

45‌

47‌

United

Natural

Foods

Inc

6.75%,

10/15/2028

(i)

133‌

138‌

$

4,295‌

Forest

Products

&

Paper

-

0.03%

Suzano

Austria

GmbH

3.75%,

01/15/2031

230‌

242‌

Healthcare

-

Products

-

0.05%

Hologic

Inc

3.25%,

02/15/2029

(i)

360‌

366‌

Healthcare

-

Services

-

0.28%

Centene

Corp

4.63%,

12/15/2029

35‌

38‌

Encompass

Health

Corp

4.75%,

02/01/2030

45‌

48‌

Hadrian

Merger

Sub

Inc

8.50%,

05/01/2026

(i)

971‌

991‌

HCA

Inc

3.50%,

09/01/2030

190‌

197‌

LifePoint

Health

Inc

5.38%,

01/15/2029

(g),(i),(k)

74‌

74‌

Syneos

Health

Inc

3.63%,

01/15/2029

(i)

148‌

149‌

Tenet

Healthcare

Corp

4.63%,

06/15/2028

(i)

5‌

5‌

5.13%,

05/01/2025

620‌

626‌

6.13%,

10/01/2028

(i)

65‌

66‌

$

2,194‌

Home

Builders

-

0.04%

Lennar

Corp

4.75%,

11/29/2027

160‌

190‌

4.88%,

12/15/2023

35‌

39‌

5.00%,

06/15/2027

5‌

6‌

PulteGroup

Inc

4.25%,

03/01/2021

100‌

100‌

$

335‌

Insurance

-

0.14%

American

International

Group

Inc

4.38%,

06/30/2050

625‌

812‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Insurance

(continued)

Athene

Holding

Ltd

3.50%,

01/15/2031

$

165‌

$

175‌

Global

Atlantic

Fin

Co

4.40%,

10/15/2029

(i)

130‌

140‌

$

1,127‌

Internet

-

0.51%

Arches

Buyer

Inc

4.25%,

06/01/2028

(i),(k)

148‌

148‌

6.13%,

12/01/2028

(i),(k)

296‌

304‌

Booking

Holdings

Inc

4.63%,

04/13/2030

400‌

492‌

eBay

Inc

4.00%,

07/15/2042

35‌

40‌

Expedia

Group

Inc

3.25%,

02/15/2030

640‌

649‌

4.63%,

08/01/2027

(i)

165‌

182‌

6.25%,

05/01/2025

(i)

520‌

594‌

7.00%,

05/01/2025

(i)

265‌

290‌

Uber

Technologies

Inc

7.50%,

05/15/2025

(i)

40‌

43‌

7.50%,

09/15/2027

(i)

600‌

655‌

8.00%,

11/01/2026

(i)

575‌

622‌

$

4,019‌

Investment

Companies

-

0.09%

Icahn

Enterprises

LP

/

Icahn

Enterprises

Finance

Corp

4.75%,

09/15/2024

90‌

93‌

5.25%,

05/15/2027

235‌

248‌

6.25%,

05/15/2026

325‌

339‌

$

680‌

Iron

&

Steel

-

0.33%

ABJA

Investment

Co

Pte

Ltd

5.45%,

01/24/2028

210‌

216‌

CSN

Inova

Ventures

6.75%,

01/28/2028

(i)

1,150‌

1,205‌

Metinvest

BV

7.65%,

10/01/2027

(i)

450‌

470‌

8.50%,

04/23/2026

200‌

216‌

Reliance

Steel

&

Aluminum

Co

2.15%,

08/15/2030

40‌

41‌

Steel

Dynamics

Inc

3.45%,

04/15/2030

370‌

416‌

$

2,564‌

Leisure

Products

&

Services

-

0.34%

Constellation

Merger

Sub

Inc

8.50%,

09/15/2025

(i)

2,449‌

2,137‌

Royal

Caribbean

Cruises

Ltd

11.50%,

06/01/2025

(i)

442‌

519‌

$

2,656‌

Lodging

-

0.07%

Hilton

Domestic

Operating

Co

Inc

4.00%,

05/01/2031

(i),(k)

210‌

221‌

Hyatt

Hotels

Corp

5.38%,

04/23/2025

45‌

50‌

5.75%,

04/23/2030

80‌

95‌

Marriott

International

Inc/MD

4.63%,

06/15/2030

85‌

98‌

5.75%,

05/01/2025

5‌

6‌

Wyndham

Destinations

Inc

6.63%,

07/31/2026

(i)

85‌

95‌

$

565‌

Media

-

0.83%

Block

Communications

Inc

4.88%,

03/01/2028

(i)

95‌

99‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

68

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Media

(continued)

CCO

Holdings

LLC

/

CCO

Holdings

Capital

Corp

4.25%,

02/01/2031

(i)

$

675‌

$

700‌

4.50%,

08/15/2030

(i)

190‌

200‌

4.50%,

05/01/2032

(i)

20‌

21‌

5.38%,

06/01/2029

(i)

35‌

38‌

Cengage

Learning

Inc

9.50%,

06/15/2024

(i)

1,161‌

1,077‌

Clear

Channel

Worldwide

Holdings

Inc

5.13%,

08/15/2027

(i)

295‌

298‌

CSC

Holdings

LLC

4.63%,

12/01/2030

(i)

200‌

205‌

6.50%,

02/01/2029

(i)

200‌

224‌

Diamond

Sports

Group

LLC

/

Diamond

Sports

Finance

Co

5.38%,

08/15/2026

(i)

323‌

250‌

iHeartCommunications

Inc

4.75%,

01/15/2028

(i)

320‌

323‌

5.25%,

08/15/2027

(i)

280‌

287‌

6.38%,

05/01/2026

100‌

106‌

8.38%,

05/01/2027

285‌

302‌

NBCUniversal

Enterprise

Inc

5.25%,

12/31/2099

(i),(j)

1,205‌

1,229‌

Sinclair

Television

Group

Inc

4.13%,

12/01/2030

(i),(k)

55‌

55‌

Sirius

XM

Radio

Inc

4.63%,

07/15/2024

(i)

30‌

31‌

5.00%,

08/01/2027

(i)

160‌

169‌

5.38%,

07/15/2026

(i)

60‌

62‌

5.50%,

07/01/2029

(i)

15‌

17‌

Virgin

Media

Finance

PLC

5.00%,

07/15/2030

(i)

200‌

210‌

Virgin

Media

Secured

Finance

PLC

5.50%,

08/15/2026

(i)

200‌

209‌

Ziggo

BV

4.88%,

01/15/2030

(i)

215‌

226‌

5.50%,

01/15/2027

(i)

150‌

157‌

$

6,495‌

Metal

Fabrication

&

Hardware

-

0.33%

HTA

Group

Ltd/Mauritius

7.00%,

12/18/2025

(i)

2,390‌

2,566‌

Mining

-

0.26%

First

Quantum

Minerals

Ltd

6.88%,

03/01/2026

(i)

405‌

418‌

7.50%,

04/01/2025

(i)

200‌

208‌

Freeport-McMoRan

Inc

4.13%,

03/01/2028

140‌

148‌

4.25%,

03/01/2030

105‌

114‌

4.38%,

08/01/2028

55‌

59‌

4.63%,

08/01/2030

35‌

39‌

5.00%,

09/01/2027

20‌

21‌

5.40%,

11/14/2034

65‌

81‌

5.45%,

03/15/2043

35‌

44‌

Indonesia

Asahan

Aluminium

Persero

PT

5.80%,

05/15/2050

550‌

680‌

Newcrest

Finance

Pty

Ltd

3.25%,

05/13/2030

(i)

135‌

149‌

Novelis

Corp

4.75%,

01/30/2030

(i)

70‌

74‌

$

2,035‌

Miscellaneous

Manufacturers

-

0.15%

FXI

Holdings

Inc

7.88%,

11/01/2024

(i),(o)

1,162‌

1,165‌

Mortgage

Backed

Securities

-

3.78%

Alternative

Loan

Trust

2003-22CB

5.75%,

12/25/2033

81‌

85‌

Alternative

Loan

Trust

2004-16CB

5.50%,

07/25/2034

59‌

61‌

5.50%,

08/25/2034

65‌

67‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Mortgage

Backed

Securities

(continued)

Alternative

Loan

Trust

2004-J10

6.00%,

09/25/2034

$

137‌

$

144‌

Alternative

Loan

Trust

2005-J1

5.50%,

02/25/2025

58‌

59‌

Banc

of

America

Alternative

Loan

Trust

2003-8

5.50%,

10/25/2033

61‌

61‌

Banc

of

America

Funding

2005-7

Trust

5.75%,

11/25/2035

57‌

62‌

Banc

of

America

Funding

2007-4

Trust

5.50%,

11/25/2034

58‌

58‌

Banc

of

America

Mortgage

2005-A

Trust

3.67%,

02/25/2035

(m)

21‌

22‌

CHL

Mortgage

Pass-Through

Trust

2004-HYB4

2.97%,

09/20/2034

(m)

26‌

25‌

Citigroup

Mortgage

Loan

Trust

2018-A

4.00%,

01/25/2068

(i),(m)

214‌

215‌

Citigroup

Mortgage

Loan

Trust

2018-C

4.13%,

03/25/2059

(i),(m)

478‌

478‌

Citigroup

Mortgage

Loan

Trust

2019-B

3.26%,

04/25/2066

(i),(m)

315‌

320‌

Connecticut

Avenue

Securities

Trust

2019-R04

5.40%,

06/25/2039

(i)

280‌

279‌

1.00

x

1

Month

USD

LIBOR

+

5.25%

Connecticut

Avenue

Securities

Trust

2019-R07

3.55%,

10/25/2039

(i)

2,000‌

1,920‌

1.00

x

1

Month

USD

LIBOR

+

3.40%

Connecticut

Avenue

Securities

Trust

2020-R01

2.20%,

01/25/2040

(i)

155‌

153‌

1.00

x

1

Month

USD

LIBOR

+

2.05%

3.40%,

01/25/2040

(i)

260‌

238‌

1.00

x

1

Month

USD

LIBOR

+

3.25%

Connecticut

Avenue

Securities

Trust

2020-SBT1

3.80%,

02/25/2040

(i)

295‌

290‌

1.00

x

1

Month

USD

LIBOR

+

3.65%

3.80%,

02/25/2040

(i)

365‌

360‌

1.00

x

1

Month

USD

LIBOR

+

3.65%

CSFB

Mortgage-Backed

Pass-Through

Certificates

Series

2003-27

5.75%,

11/25/2033

34‌

36‌

CSMC

2019-RP10

Trust

3.09%,

12/26/2059

(i),(m)

284‌

285‌

CSMC

2020-RPL3

Trust

2.69%,

03/25/2060

(i),(m)

206‌

206‌

DSLA

Mortgage

Loan

Trust

2005-AR5

0.48%,

09/19/2045

123‌

92‌

1.00

x

1

Month

USD

LIBOR

+

0.33%

Dukinfield

II

PLC

1.31%,

12/20/2052

GBP

262‌

350‌

1.00

x

3

Month

GBP

LIBOR

+

1.25%

Fannie

Mae

Connecticut

Avenue

Securities

2.35%,

01/25/2030

$

29‌

29‌

1.00

x

1

Month

USD

LIBOR

+

2.20%

4.40%,

01/25/2031

4,451‌

4,412‌

1.00

x

1

Month

USD

LIBOR

+

4.25%

5.00%,

10/25/2029

1,320‌

1,346‌

1.00

x

1

Month

USD

LIBOR

+

4.85%

5.90%,

07/25/2029

1,215‌

1,300‌

1.00

x

1

Month

USD

LIBOR

+

5.75%

Freddie

Mac

STACR

2019-HQA3

7.65%,

09/25/2049

(i)

240‌

205‌

1.00

x

1

Month

USD

LIBOR

+

7.50%

Freddie

Mac

Stacr

Remic

Trust

2019-Hqa4

6.75%,

11/25/2049

(i)

530‌

424‌

1.00

x

1

Month

USD

LIBOR

+

6.60%

Freddie

Mac

Stacr

Remic

Trust

2020-DNA1

5.40%,

01/25/2050

(i)

350‌

249‌

1.00

x

1

Month

USD

LIBOR

+

5.25%

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

69

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Mortgage

Backed

Securities

(continued)

Freddie

Mac

STACR

Remic

Trust

2020-DNA2

4.95%,

02/25/2050

(i)

$

470‌

$

367‌

1.00

x

1

Month

USD

LIBOR

+

4.80%

Freddie

Mac

STACR

REMIC

Trust

2020-HQA1

5.25%,

01/25/2050

(i)

220‌

155‌

1.00

x

1

Month

USD

LIBOR

+

5.10%

Freddie

Mac

Stacr

Remic

Trust

2020-HQA2

3.25%,

03/25/2050

(i)

660‌

662‌

1.00

x

1

Month

USD

LIBOR

+

3.10%

4.25%,

03/25/2050

(i)

660‌

640‌

1.00

x

1

Month

USD

LIBOR

+

4.10%

Freddie

Mac

STACR

Trust

2019-DNA4

6.40%,

10/25/2049

(i)

300‌

252‌

1.00

x

1

Month

USD

LIBOR

+

6.25%

Freddie

Mac

STACR

Trust

2019-HRP1

4.20%,

02/25/2049

(i)

270‌

244‌

1.00

x

1

Month

USD

LIBOR

+

4.05%

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

1.95%,

07/25/2030

22‌

21‌

1.00

x

1

Month

USD

LIBOR

+

1.80%

5.10%,

07/25/2029

2,689‌

2,782‌

1.00

x

1

Month

USD

LIBOR

+

4.95%

8.95%,

03/25/2028

4,453‌

4,854‌

1.00

x

1

Month

USD

LIBOR

+

8.80%

GSR

Mortgage

Loan

Trust

2005-4F

6.50%,

02/25/2035

38‌

38‌

IndyMac

INDX

Mortgage

Loan

Trust

2004-AR7

1.37%,

09/25/2034

109‌

102‌

1.00

x

1

Month

USD

LIBOR

+

1.22%

IndyMac

INDX

Mortgage

Loan

Trust

2005-AR11

3.21%,

08/25/2035

(m)

456‌

407‌

Lehman

XS

Trust

Series

2006-2N

0.41%,

02/25/2046

85‌

76‌

1.00

x

1

Month

USD

LIBOR

+

0.26%

MASTR

Alternative

Loan

Trust

2003-9

5.25%,

11/25/2033

33‌

34‌

MASTR

Alternative

Loan

Trust

2004-5

5.50%,

06/25/2034

29‌

30‌

6.00%,

06/25/2034

38‌

40‌

MASTR

Alternative

Loan

Trust

2004-8

6.00%,

09/25/2034

178‌

184‌

Merrill

Lynch

Mortgage

Investors

Trust

Series

MLCC

2006-2

2.44%,

05/25/2036

(m)

11‌

11‌

PRPM

2020-5

LLC

3.10%,

11/25/2025

(i),(m)

594‌

595‌

RCO

V

Mortgage

LLC

2020-1

3.10%,

09/25/2025

(i),(m)

163‌

164‌

STACR

Trust

2018-HRP2

2.55%,

02/25/2047

(i)

2,390‌

2,318‌

1.00

x

1

Month

USD

LIBOR

+

2.40%

Structured

Adjustable

Rate

Mortgage

Loan

Trust

0.46%,

07/25/2035

535‌

389‌

1.00

x

1

Month

USD

LIBOR

+

0.31%

Toorak

Mortgage

Corp

2018-1

Ltd

4.34%,

08/25/2021

(i),(m)

1,452‌

1,455‌

$

29,651‌

Office

&

Business

Equipment

-

0.03%

CDW

LLC

/

CDW

Finance

Corp

4.13%,

05/01/2025

195‌

202‌

Oil

&

Gas

-

1.89%

Aker

BP

ASA

3.75%,

01/15/2030

(i)

505‌

512‌

4.00%,

01/15/2031

(i)

150‌

152‌

Bellatrix

Exploration

Ltd

0.00%,

09/11/2023

(d),(f),(g)

236‌

—‌

0.00%,

PIK

0.00%,

12/15/2023

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

257‌

—‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Oil

&

Gas

(continued)

Cobalt

International

Energy

Inc

0.00%,

12/01/2023

(d)

$

4,635‌

$

97‌

Diamond

Offshore

Drilling

Inc

0.00%,

10/15/2039

(d)

327‌

26‌

Diamondback

Energy

Inc

3.50%,

12/01/2029

20‌

21‌

EQT

Corp

5.00%,

01/15/2029

15‌

16‌

Hess

Corp

5.60%,

02/15/2041

155‌

182‌

Leviathan

Bond

Ltd

5.75%,

06/30/2023

(i)

600‌

634‌

6.13%,

06/30/2025

(i)

910‌

980‌

6.50%,

06/30/2027

(i)

1,005‌

1,103‌

Occidental

Petroleum

Corp

2.70%,

08/15/2022

69‌

68‌

2.70%,

02/15/2023

19‌

18‌

2.90%,

08/15/2024

105‌

98‌

3.50%,

06/15/2025

35‌

33‌

5.55%,

03/15/2026

10‌

10‌

Odebrecht

Drilling

Norbe

VIII/IX

Ltd

6.35%,

12/01/2021

754‌

716‌

Odebrecht

Offshore

Drilling

Finance

Ltd

6.72%,

12/01/2022

491‌

454‌

OGX

Austria

GmbH

0.00%,

06/01/2018

(d),(i)

600‌

—‌

0.00%,

04/01/2022

(d),(i)

1,100‌

—‌

Petrobras

Global

Finance

BV

5.09%,

01/15/2030

875‌

961‌

7.25%,

03/17/2044

125‌

155‌

Petroleos

Mexicanos

5.95%,

01/28/2031

1,435‌

1,337‌

6.50%,

03/13/2027

950‌

954‌

6.63%,

06/15/2035

630‌

580‌

6.84%,

01/23/2030

1,200‌

1,176‌

6.95%,

01/28/2060

2,275‌

1,951‌

Saudi

Arabian

Oil

Co

3.25%,

11/24/2050

(i)

425‌

427‌

Tullow

Oil

PLC

6.25%,

04/15/2022

750‌

559‌

7.00%,

03/01/2025

2,300‌

1,466‌

YPF

SA

6.95%,

07/21/2027

(i)

240‌

158‌

$

14,844‌

Other

Asset

Backed

Securities

-

5.78%

Accelerated

Assets

2018-1

LLC

4.51%,

12/02/2033

(i)

135‌

138‌

Adams

Outdoor

Advertising

LP

4.81%,

11/15/2048

(i)

745‌

786‌

AIG

CLO

2018-1

Ltd

6.67%,

01/20/2032

(i)

2,640‌

2,547‌

1.00

x

3

Month

USD

LIBOR

+

6.45%

AIM

Aviation

Finance

Ltd

5.07%,

02/15/2040

(i),(m)

675‌

254‌

Ajax

Mortgage

Loan

Trust

2017-B

3.16%,

09/25/2056

(i),(m)

234‌

235‌

Allegro

CLO

VI

Ltd

2.97%,

01/17/2031

(i)

250‌

232‌

1.00

x

3

Month

USD

LIBOR

+

2.75%

ALM

VII

R

Ltd

7.38%,

10/15/2028

(i)

2,000‌

1,936‌

1.00

x

3

Month

USD

LIBOR

+

7.14%

American

Homes

4

Rent

2014-SFR2

Trust

5.15%,

10/17/2036

(i)

280‌

306‌

6.23%,

10/17/2036

(i)

695‌

772‌

American

Homes

4

Rent

2014-SFR3

Trust

6.42%,

12/17/2036

(i)

900‌

1,010‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

70

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Other

Asset

Backed

Securities

(continued)

American

Homes

4

Rent

2015-SFR1

5.64%,

04/17/2052

(i)

$

1,045‌

$

1,149‌

Anchorage

Capital

CLO

9

Ltd

4.24%,

07/15/2032

(i)

250‌

246‌

1.00

x

3

Month

USD

LIBOR

+

4.00%

Apidos

CLO

XXIII

2.24%,

04/15/2033

(i)

370‌

362‌

1.00

x

3

Month

USD

LIBOR

+

2.00%

Arbys

Funding

LLC

3.24%,

07/30/2050

(i)

314‌

321‌

ArrowMark

Colorado

Holdings

2.94%,

07/15/2029

(i)

250‌

249‌

1.00

x

3

Month

USD

LIBOR

+

2.70%

Ascentium

Equipment

Receivables

2017-2

Trust

2.87%,

08/10/2022

(i)

80‌

81‌

Avery

Point

VII

CLO

Ltd

6.84%,

01/15/2028

(i)

1,400‌

1,199‌

1.00

x

3

Month

USD

LIBOR

+

6.60%

Barings

Clo

Ltd

2019-IV

3.04%,

01/15/2033

(i)

250‌

251‌

1.00

x

3

Month

USD

LIBOR

+

2.80%

Battalion

Clo

XIV

Ltd

6.90%,

04/20/2032

(i)

250‌

240‌

1.00

x

3

Month

USD

LIBOR

+

6.68%

Bayview

Opportunity

Master

Fund

V

Trust

2020-RN3

3.23%,

09/25/2035

(i),(m)

178‌

179‌

BCC

Funding

XIV

LLC

6.00%,

04/21/2025

(i)

250‌

254‌

Blackbird

Capital

Aircraft

Lease

Securitization

Ltd

2016-1

4.21%,

12/16/2041

(i),(m)

194‌

184‌

5.68%,

12/16/2041

(i),(m)

536‌

393‌

BlueMountain

CLO

XXIV

Ltd

2.92%,

04/20/2031

(i)

250‌

250‌

1.00

x

3

Month

USD

LIBOR

+

2.70%

Bowman

Park

CLO

Ltd

5.61%,

11/23/2025

(i)

1,000‌

971‌

1.00

x

3

Month

USD

LIBOR

+

5.40%

Cairn

CLO

XI

DAC

6.77%,

07/15/2035

(i)

EUR

360‌

427‌

1.00

x

3

Month

Euro

Interbank

Offered

Rate

+

6.77%

Canyon

Capital

CLO

2019-2

Ltd

7.39%,

10/15/2032

(i)

$

250‌

242‌

1.00

x

3

Month

USD

LIBOR

+

7.15%

Carlyle

Global

Market

Strategies

Euro

CLO

2015-1

Ltd

3.40%,

01/16/2033

(i)

EUR

2,205‌

2,500‌

1.00

x

3

Month

Euro

Interbank

Offered

Rate

+

3.40%

5.50%,

01/16/2033

(i)

882‌

954‌

1.00

x

3

Month

Euro

Interbank

Offered

Rate

+

5.50%

CCG

Receivables

Trust

2018-1

3.42%,

06/16/2025

(i)

$

100‌

101‌

Coinstar

Funding

LLC

Series

2017-1

5.22%,

04/25/2047

(i)

574‌

551‌

Cole

Park

CLO

Ltd

2015-1

3.37%,

10/20/2028

(i)

255‌

249‌

1.00

x

3

Month

USD

LIBOR

+

3.15%

Colony

American

Finance

2016-1

Ltd

4.64%,

06/15/2048

(i),(m)

201‌

201‌

CSMC

2018-RPL8

Trust

4.17%,

07/25/2058

(i),(m)

430‌

430‌

DB

Master

Finance

LLC

4.35%,

05/20/2049

(i)

207‌

224‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Other

Asset

Backed

Securities

(continued)

Diamond

Resorts

Owner

Trust

6.07%,

10/22/2029

(i)

$

64‌

$

65‌

Diamond

Resorts

Owner

Trust

2018-1

4.53%,

01/21/2031

(i)

221‌

225‌

Diamond

Resorts

Owner

Trust

2019-1

3.53%,

02/20/2032

(i)

218‌

222‌

Domino's

Pizza

Master

Issuer

LLC

4.12%,

07/25/2047

(i)

514‌

551‌

Dryden

33

Senior

Loan

Fund

7.21%,

04/15/2029

(i)

700‌

664‌

1.00

x

3

Month

USD

LIBOR

+

6.97%

Dryden

63

GBP

CLO

2018

BV

2.95%,

10/15/2032

(i)

GBP

2,060‌

2,708‌

1.00

x

3

Month

GBP

LIBOR

+

2.90%

4.55%,

10/15/2032

(i)

1,052‌

1,387‌

1.00

x

3

Month

GBP

LIBOR

+

4.50%

Fairstone

Financial

Issuance

Trust

I

3.95%,

03/21/2033

(i)

CAD

515‌

400‌

GCA2014

Holdings

Ltd

-

Class

C

6.00%,

01/05/2030

(f),(g),(i)

$

684‌

219‌

GCA2014

Holdings

Ltd

-

Class

D

7.50%,

01/05/2030

(f),(g),(i)

310‌

39‌

GCA2014

Holdings

Ltd

-

Class

E

0.00%,

01/05/2030

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

1,030‌

—‌

Global

Container

Assets

Ltd

4.50%,

02/05/2030

(i)

183‌

182‌

Harbour

Aircraft

Investments

Ltd

8.00%,

11/15/2037

554‌

251‌

Hardee's

Funding

LLC

3.98%,

12/20/2050

(i),(k)

120‌

120‌

Hayfin

Kingsland

XI

Ltd

7.12%,

07/20/2032

(i)

110‌

104‌

1.00

x

3

Month

USD

LIBOR

+

6.90%

Hilton

Grand

Vacations

Trust

2018-A

4.00%,

02/25/2032

(i)

60‌

62‌

HPEFS

Equipment

Trust

2.79%,

07/22/2030

(i)

500‌

510‌

HPEFS

Equipment

Trust

2020-1

2.26%,

02/20/2030

(i)

115‌

116‌

Invitation

Homes

2018-SFR1

Trust

2.14%,

03/17/2037

(i)

470‌

470‌

1.00

x

1

Month

USD

LIBOR

+

2.00%

Invitation

Homes

2018-SFR2

Trust

2.14%,

06/17/2037

(i)

835‌

836‌

1.00

x

1

Month

USD

LIBOR

+

2.00%

Invitation

Homes

2018-SFR4

Trust

1.79%,

01/17/2038

(i)

210‌

209‌

1.00

x

1

Month

USD

LIBOR

+

1.65%

Kestrel

Aircraft

Funding

Ltd

4.25%,

12/15/2038

(i)

338‌

311‌

KKR

Clo

25

Ltd

6.78%,

04/15/2032

(i)

640‌

602‌

1.00

x

3

Month

USD

LIBOR

+

6.54%

Legacy

Mortgage

Asset

Trust

2019-GS3

3.75%,

04/25/2059

(i),(m)

338‌

341‌

MAPS

2018-1

Ltd

4.21%,

05/15/2043

(i)

615‌

578‌

MVW

Owner

Trust

2019-1

3.33%,

11/20/2036

(i)

292‌

298‌

Neuberger

Berman

CLO

XIV

Ltd

2.12%,

01/28/2030

(i)

365‌

353‌

1.00

x

3

Month

USD

LIBOR

+

1.90%

New

Residential

Mortgage

Loan

Trust

2020-NPL2

3.23%,

08/25/2060

(i),(m)

95‌

95‌

OCP

CLO

2015-8

Ltd

3.02%,

04/17/2027

(i)

260‌

260‌

1.00

x

3

Month

USD

LIBOR

+

2.80%

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

71

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Other

Asset

Backed

Securities

(continued)

Octagon

Investment

Partners

40

Ltd

4.02%,

04/20/2031

(i)

$

250‌

$

249‌

1.00

x

3

Month

USD

LIBOR

+

3.80%

Octagon

Investment

Partners

XVI

Ltd

5.97%,

07/17/2030

(i)

500‌

446‌

1.00

x

3

Month

USD

LIBOR

+

5.75%

Octagon

Investment

Partners

XXII

Ltd

2.12%,

01/22/2030

(i)

250‌

242‌

1.00

x

3

Month

USD

LIBOR

+

1.90%

OHA

Credit

Funding

3

LTD

5.22%,

07/20/2032

(i)

255‌

237‌

1.00

x

3

Month

USD

LIBOR

+

5.00%

OHA

Credit

Funding

5

Ltd

2.22%,

04/18/2033

(i)

420‌

411‌

1.00

x

3

Month

USD

LIBOR

+

2.00%

OHA

Loan

Funding

2013-1

Ltd

3.26%,

07/23/2031

(i)

275‌

264‌

1.00

x

3

Month

USD

LIBOR

+

3.05%

OHA

Loan

Funding

2016-1

Ltd

2.17%,

01/20/2033

(i)

345‌

340‌

1.00

x

3

Month

USD

LIBOR

+

1.95%

OneMain

Financial

Issuance

Trust

2015-3

4.16%,

11/20/2028

(i)

790‌

791‌

OneMain

Financial

Issuance

Trust

2019-1

4.22%,

02/14/2031

(i)

620‌

639‌

OneMain

Financial

Issuance

Trust

2020-2

2.76%,

09/14/2035

(i)

120‌

122‌

Oxford

Finance

Funding

2019-1

LLC

4.46%,

02/15/2027

(i)

145‌

150‌

OZLM

XXIII

Ltd

7.04%,

04/15/2032

(i)

430‌

417‌

1.00

x

3

Month

USD

LIBOR

+

6.80%

Parallel

2017-1

Ltd

2.22%,

07/20/2029

(i)

305‌

296‌

1.00

x

3

Month

USD

LIBOR

+

2.00%

Parallel

2018-2

Ltd

2.37%,

10/20/2031

(i)

480‌

467‌

1.00

x

3

Month

USD

LIBOR

+

2.15%

Pikes

Peak

CLO

3

7.07%,

04/25/2030

(i)

260‌

257‌

1.00

x

3

Month

USD

LIBOR

+

6.86%

Pikes

Peak

Clo

4

7.01%,

07/15/2032

(i)

250‌

238‌

1.00

x

3

Month

USD

LIBOR

+

6.77%

Planet

Fitness

Master

Issuer

LLC

3.86%,

12/05/2049

(i)

273‌

258‌

Progress

Residential

2018-SFR2

Trust

4.66%,

08/17/2035

(i)

100‌

102‌

Progress

Residential

2019-SFR1

Trust

4.47%,

08/17/2035

(i)

420‌

433‌

PRPM

2019-4

LLC

3.35%,

11/25/2024

(i),(m)

179‌

179‌

PRPM

2020-1

LLC

2.98%,

02/25/2025

(i),(m)

403‌

404‌

Republic

FInance

Issuance

Trust

2019-A

3.43%,

11/22/2027

(i)

490‌

499‌

Rockford

Tower

CLO

2017-2

Ltd

2.14%,

10/15/2029

(i)

295‌

287‌

1.00

x

3

Month

USD

LIBOR

+

1.90%

SCF

Equipment

Leasing

2018-1

LLC

4.21%,

04/20/2027

(i)

795‌

797‌

Sierra

Timeshare

2020-2

Receivables

Funding

LLC

3.51%,

07/20/2037

(i)

88‌

90‌

S-Jets

2017-1

Ltd

3.97%,

08/15/2042

(i)

746‌

711‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Other

Asset

Backed

Securities

(continued)

Sound

Point

Clo

XV

Ltd

6.17%,

01/23/2029

(i)

$

1,500‌

$

1,195‌

1.00

x

3

Month

USD

LIBOR

+

5.96%

Sprite

2017-1

Ltd

5.75%,

12/15/2037

(i)

240‌

167‌

Thunderbolt

Aircraft

Lease

Ltd

5.75%,

05/17/2032

(i),(m)

163‌

130‌

Towd

Point

Mortgage

Trust

2015-2

2.50%,

11/25/2060

(i),(m)

100‌

100‌

Towd

Point

Mortgage

Trust

2019-4

2.90%,

10/25/2059

(i),(m)

385‌

404‌

VERDE

CLO

Ltd

7.14%,

04/15/2032

(i)

555‌

533‌

1.00

x

3

Month

USD

LIBOR

+

6.90%

WAVE

2017-1

Trust

5.68%,

11/15/2042

(i)

243‌

176‌

Wendy's

Funding

LLC

4.08%,

06/15/2049

(i)

83‌

89‌

Wingstop

Funding

LLC

2.84%,

12/05/2050

(i)

100‌

101‌

York

CLO-2

Ltd

2.07%,

01/22/2031

(i)

250‌

241‌

1.00

x

3

Month

USD

LIBOR

+

1.85%

York

CLO-7

Ltd

4.02%,

01/22/2033

(i)

295‌

295‌

1.00

x

3

Month

USD

LIBOR

+

3.80%

$

45,359‌

Pharmaceuticals

-

0.26%

Teva

Pharmaceutical

Finance

Netherlands

II

BV

6.00%,

01/31/2025

EUR

190‌

245‌

Teva

Pharmaceutical

Finance

Netherlands

III

BV

4.10%,

10/01/2046

$

1,420‌

1,232‌

7.13%,

01/31/2025

210‌

229‌

Viatris

Inc

4.00%,

06/22/2050

(i)

290‌

331‌

$

2,037‌

Pipelines

-

0.18%

Cheniere

Corpus

Christi

Holdings

LLC

3.70%,

11/15/2029

630‌

690‌

Energy

Transfer

Operating

LP

3.75%,

05/15/2030

65‌

67‌

Gray

Oak

Pipeline

LLC

3.45%,

10/15/2027

(i)

30‌

31‌

Kinder

Morgan

Inc

5.05%,

02/15/2046

75‌

90‌

Sabine

Pass

Liquefaction

LLC

4.50%,

05/15/2030

(i)

445‌

521‌

$

1,399‌

Real

Estate

-

0.64%

Kaisa

Group

Holdings

Ltd

8.50%,

06/30/2022

1,150‌

1,157‌

11.95%,

11/12/2023

525‌

546‌

Sunac

China

Holdings

Ltd

7.25%,

06/14/2022

200‌

204‌

7.88%,

02/15/2022

1,300‌

1,329‌

Yuzhou

Group

Holdings

Co

Ltd

6.00%,

01/25/2022

420‌

425‌

8.50%,

02/04/2023

1,275‌

1,359‌

$

5,020‌

Regional

Authority

-

0.08%

Provincia

de

Buenos

Aires/Government

Bonds

34.19%,

05/31/2022

ARS

51,665‌

511‌

Argentina

Deposit

Rates

Badlar

Private

Banks

ARS

30

to

35

Days

+

3.83%

35.91%,

04/12/2025

(i)

11,045‌

96‌

Argentina

Deposit

Rates

Badlar

Private

Banks

ARS

30

to

35

Days

+

3.75%

$

607‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

72

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

REITs

-

0.33%

American

Tower

Corp

2.10%,

06/15/2030

$

280‌

$

288‌

Equinix

Inc

3.20%,

11/18/2029

45‌

50‌

Iron

Mountain

Inc

5.00%,

07/15/2028

(i)

165‌

171‌

5.25%,

07/15/2030

(i)

165‌

176‌

Ladder

Capital

Finance

Holdings

LLLP

/

Ladder

Capital

Finance

Corp

4.25%,

02/01/2027

(i)

510‌

471‌

5.25%,

03/15/2022

(i)

50‌

50‌

5.25%,

10/01/2025

(i)

90‌

86‌

MGM

Growth

Properties

Operating

Partnership

LP

/

MGP

Finance

Co-Issuer

Inc

3.88%,

02/15/2029

(i)

280‌

283‌

Scentre

Group

Trust

2

5.13%,

09/24/2080

(i),(l)

670‌

702‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.69%

Uniti

Group

LP

/

Uniti

Group

Finance

Inc

/

CSL

Capital

LLC

6.00%,

04/15/2023

(i)

279‌

285‌

$

2,562‌

Retail

-

0.71%

1011778

BC

ULC

/

New

Red

Finance

Inc

3.88%,

01/15/2028

(i)

50‌

51‌

4.38%,

01/15/2028

(i)

660‌

681‌

AutoNation

Inc

4.75%,

06/01/2030

60‌

72‌

Carvana

Co

5.63%,

10/01/2025

(i)

145‌

146‌

5.88%,

10/01/2028

(i)

275‌

279‌

Dave

&

Buster's

Inc

7.63%,

11/01/2025

(i)

217‌

225‌

Lithia

Motors

Inc

4.38%,

01/15/2031

(i)

45‌

48‌

McDonald's

Corp

3.63%,

09/01/2049

230‌

270‌

Sizzling

Platter

LLC

/

Sizzling

Platter

Finance

Corp

8.50%,

11/28/2025

(i)

259‌

269‌

Staples

Inc

10.75%,

04/15/2027

(i),(o)

2,048‌

1,925‌

Vivo

Energy

Investments

BV

5.13%,

09/24/2027

(i)

1,100‌

1,172‌

Yum!

Brands

Inc

3.63%,

03/15/2031

230‌

230‌

4.75%,

01/15/2030

(i)

230‌

249‌

$

5,617‌

Semiconductors

-

0.40%

Broadcom

Corp

/

Broadcom

Cayman

Finance

Ltd

3.50%,

01/15/2028

10‌

11‌

Broadcom

Inc

4.15%,

11/15/2030

50‌

58‌

4.30%,

11/15/2032

740‌

885‌

4.75%,

04/15/2029

710‌

844‌

5.00%,

04/15/2030

225‌

272‌

Micron

Technology

Inc

4.66%,

02/15/2030

140‌

170‌

5.33%,

02/06/2029

670‌

821‌

NXP

BV

/

NXP

Funding

LLC

/

NXP

USA

Inc

3.15%,

05/01/2027

(i)

70‌

76‌

3.40%,

05/01/2030

(i)

40‌

45‌

$

3,182‌

Software

-

0.05%

MSCI

Inc

3.63%,

09/01/2030

(i)

165‌

172‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Software

(continued)

Open

Text

Corp

3.88%,

02/15/2028

(i)

$

70‌

$

72‌

Open

Text

Holdings

Inc

4.13%,

02/15/2030

(i)

65‌

68‌

SS&C

Technologies

Inc

5.50%,

09/30/2027

(i)

65‌

70‌

$

382‌

Sovereign

-

9.30%

1MDB

Global

Investments

Ltd

4.40%,

03/09/2023

900‌

907‌

Angolan

Government

International

Bond

8.00%,

11/26/2029

2,000‌

1,745‌

9.13%,

11/26/2049

1,025‌

878‌

Argentine

Republic

Government

International

Bond

0.12%,

07/09/2035

(m)

6,176‌

2,168‌

0.12%,

07/09/2046

(m)

EUR

64‌

25‌

0.50%,

07/09/2029

1‌

—‌

Brazilian

Government

International

Bond

2.88%,

06/06/2025

$

2,717‌

2,803‌

Dominican

Republic

International

Bond

4.88%,

09/23/2032

(i)

450‌

481‌

5.88%,

01/30/2060

(i)

1,150‌

1,196‌

5.95%,

01/25/2027

425‌

477‌

Egypt

Government

International

Bond

6.38%,

04/11/2031

EUR

400‌

488‌

7.63%,

05/29/2032

$

1,850‌

2,021‌

El

Salvador

Government

International

Bond

5.88%,

01/30/2025

150‌

133‌

7.12%,

01/20/2050

150‌

125‌

7.65%,

06/15/2035

200‌

175‌

Ghana

Government

International

Bond

6.38%,

02/11/2027

1,825‌

1,833‌

Indonesia

Treasury

Bond

7.00%,

09/15/2030

IDR

59,000,000‌

4,426‌

8.38%,

03/15/2034

11,300,000‌

909‌

Ivory

Coast

Government

International

Bond

4.88%,

01/30/2032

(i),(k)

EUR

925‌

1,099‌

Malaysia

Government

Bond

4.07%,

06/15/2050

MYR

7,350‌

1,784‌

Mexican

Bonos

7.75%,

05/29/2031

MXN

17,250‌

983‌

7.75%,

11/23/2034

21,800‌

1,240‌

8.50%,

05/31/2029

23,750‌

1,408‌

Mexico

Government

International

Bond

3.77%,

05/24/2061

$

670‌

668‌

Montenegro

Government

International

Bond

5.75%,

03/10/2021

EUR

2,282‌

2,757‌

Peru

Government

Bond

6.15%,

08/12/2032

PEN

14,875‌

4,873‌

Peruvian

Government

International

Bond

2.78%,

12/01/2060

(k)

$

1,050‌

1,038‌

3.23%,

07/28/2121

(k)

350‌

345‌

6.95%,

08/12/2031

PEN

2,650‌

926‌

Republic

of

South

Africa

Government

Bond

6.25%,

03/31/2036

ZAR

53,471‌

2,361‌

8.88%,

02/28/2035

97,400‌

5,453‌

Republic

of

South

Africa

Government

International

Bond

4.30%,

10/12/2028

$

875‌

881‌

Romanian

Government

International

Bond

1.38%,

12/02/2029

(i),(k)

EUR

675‌

804‌

2.00%,

01/28/2032

1,325‌

1,641‌

2.63%,

12/02/2040

(i),(k)

1,200‌

1,444‌

3.38%,

02/08/2038

250‌

337‌

3.38%,

01/28/2050

450‌

594‌

3.50%,

04/03/2034

550‌

768‌

3.62%,

05/26/2030

(i)

650‌

914‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

73

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Sovereign

(continued)

Russian

Federal

Bond

-

OFZ

6.10%,

07/18/2035

RUB

147,000‌

$

1,905‌

7.25%,

05/10/2034

198,000‌

2,851‌

Serbia

International

Bond

3.13%,

05/15/2027

(i)

EUR

1,725‌

2,296‌

Turkey

Government

International

Bond

4.88%,

04/16/2043

$

2,450‌

2,037‌

5.60%,

11/14/2024

592‌

605‌

5.75%,

03/22/2024

747‌

765‌

6.25%,

09/26/2022

358‌

369‌

6.35%,

08/10/2024

732‌

763‌

6.38%,

10/14/2025

1,978‌

2,074‌

Ukraine

Government

International

Bond

0.00%,

05/31/2040

(d),(m)

1,895‌

1,875‌

7.75%,

09/01/2025

750‌

824‌

7.75%,

09/01/2027

1,650‌

1,827‌

Zambia

Government

International

Bond

0.00%,

09/20/2022

(d)

900‌

432‌

0.00%,

04/14/2024

(d)

1,700‌

816‌

0.00%,

07/30/2027

(d)

875‌

416‌

$

72,963‌

Student

Loan

Asset

Backed

Securities

-

0.32%

Education

Funding

Trust

Trust

2.79%,

07/25/2041

(i)

276‌

283‌

Navient

Private

Education

Refi

Loan

Trust

2018-A

3.68%,

02/18/2042

(i)

140‌

142‌

Navient

Private

Education

Refi

Loan

Trust

2019-F

3.12%,

08/15/2068

(i)

445‌

454‌

Navient

Private

Education

Refi

Loan

Trust

2019-G

3.08%,

10/15/2068

(i)

105‌

104‌

Navient

Private

Education

Refi

Loan

Trust

2020-F

2.69%,

07/15/2069

(i)

100‌

100‌

SLM

Private

Credit

Student

Loan

Trust

2003-A

3.17%,

06/15/2032

189‌

188‌

1.00

x

US

28

Day

Auction

Rate

+

0.00%

SLM

Private

Credit

Student

Loan

Trust

2003-B

3.19%,

03/15/2033

400‌

397‌

1.00

x

US

28

Day

Auction

Rate

+

0.00%

3.19%,

03/15/2033

50‌

50‌

1.00

x

US

28

Day

Auction

Rate

+

0.00%

SMB

Private

Education

Loan

Trust

2015-C

3.50%,

09/15/2043

(i)

100‌

105‌

SMB

Private

Education

Loan

Trust

2017-B

0.89%,

10/15/2035

(i)

215‌

215‌

1.00

x

1

Month

USD

LIBOR

+

0.75%

SMB

Private

Education

Loan

Trust

2018-C

4.00%,

11/17/2042

(i)

100‌

101‌

SoFi

Professional

Loan

Program

2015-C

LLC

3.58%,

08/25/2036

(i)

27‌

28‌

Sofi

Professional

Loan

Program

2016-A

LLC

3.57%,

01/26/2038

(i)

154‌

157‌

SoFi

Professional

Loan

Program

2020-ATrust

3.12%,

05/15/2046

(i)

160‌

166‌

$

2,490‌

Supranational

Bank

-

0.09%

Eastern

&

Southern

African

Trade

&

Development

Bank

4.88%,

05/23/2024

675‌

699‌

Telecommunications

-

1.42%

AT&T

Inc

3.65%,

06/01/2051

325‌

344‌

C&W

Senior

Financing

DAC

7.50%,

10/15/2026

(i)

1,200‌

1,276‌

CommScope

Inc

6.00%,

03/01/2026

(i)

250‌

264‌

7.13%,

07/01/2028

(i)

455‌

485‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Telecommunications

(continued)

CommScope

Technologies

LLC

5.00%,

03/15/2027

(i)

$

175‌

$

174‌

Frontier

Communications

Corp

0.00%,

08/15/2031

(d)

186‌

86‌

Gogo

Intermediate

Holdings

LLC

/

Gogo

Finance

Co

Inc

9.88%,

05/01/2024

(i)

1,064‌

1,132‌

Intrado

Corp

8.50%,

10/15/2025

(i)

1,912‌

1,828‌

Kenbourne

Invest

SA

6.88%,

11/26/2024

(i)

355‌

378‌

Level

3

Financing

Inc

4.63%,

09/15/2027

(i)

55‌

57‌

Ligado

Networks

LLC

0.00%,

PIK

15.50%,

11/01/2023

(d),(i),(m),(p)

145‌

140‌

Millicom

International

Cellular

SA

5.13%,

01/15/2028

(i)

200‌

214‌

MTN

Mauritius

Investments

Ltd

5.37%,

02/13/2022

1,410‌

1,446‌

Sprint

Capital

Corp

6.88%,

11/15/2028

40‌

52‌

Total

Play

Telecomunicaciones

SA

de

CV

7.50%,

11/12/2025

(i)

1,150‌

1,152‌

VEON

Holdings

BV

3.38%,

11/25/2027

(i)

2,050‌

2,099‌

$

11,127‌

Transportation

-

0.02%

FedEx

Corp

4.05%,

02/15/2048

5‌

6‌

4.10%,

02/01/2045

55‌

65‌

5.25%,

05/15/2050

75‌

107‌

$

178‌

TOTAL

BONDS

$

296,666‌

CONVERTIBLE

BONDS

-

0.47%

Principal

Amount

(000's)

Value

(000's)

Biotechnology

-

0.12%

BioMarin

Pharmaceutical

Inc

0.60%,

08/01/2024

$

160‌

$

166‌

1.25%,

05/15/2027

(i)

720‌

712‌

Guardant

Health

Inc

0.00%,

11/15/2027

(d),(i)

90‌

100‌

$

978‌

Commercial

Services

-

0.01%

Chegg

Inc

0.00%,

09/01/2026

(d),(i)

60‌

62‌

Computers

-

0.01%

Lumentum

Holdings

Inc

0.50%,

12/15/2026

(i)

50‌

57‌

Healthcare

-

Services

-

0.04%

Teladoc

Health

Inc

1.25%,

06/01/2027

(i)

275‌

324‌

Internet

-

0.00%

Palo

Alto

Networks

Inc

0.38%,

06/01/2025

(i)

15‌

17‌

Media

-

0.25%

DISH

Network

Corp

2.38%,

03/15/2024

555‌

526‌

3.38%,

08/15/2026

1,249‌

1,245‌

Liberty

Media

Corp

0.50%,

12/01/2050

(i)

165‌

167‌

$

1,938‌

Pharmaceuticals

-

0.03%

Neurocrine

Biosciences

Inc

2.25%,

05/15/2024

150‌

207‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

74

CONVERTIBLE

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Trucking

&

Leasing

-

0.01%

Greenbrier

Cos

Inc/The

2.88%,

02/01/2024

$

80‌

$

79‌

TOTAL

CONVERTIBLE

BONDS

$

3,662‌

CREDIT

LINKED

STRUCTURED

NOTES

-

1.32%

Principal

Amount

(000's)

Value

(000's)

Sovereign

-

1.32%

China

Government

Bond

-

JPMorgan

Chase

2.85%,

06/04/2027

CNY

69,700‌

$

10,332‌

TOTAL

CREDIT

LINKED

STRUCTURED

NOTES

$

10,332‌

SENIOR

FLOATING

RATE

INTERESTS

-

1.22%

Principal

Amount

(000's)

Value

(000's)

Advertising

-

0.09%

Clear

Channel

Outdoor

Holdings

Inc

3.71%,

08/07/2026

(q)

$

718‌

$

675‌

1

Month

USD

LIBOR

+

3.50%

Red

Ventures

LLC

4.26%,

11/08/2024

(q)

23‌

23‌

1

Month

USD

LIBOR

+

3.75%

$

698‌

Airlines

-

0.06%

JetBlue

Airways

Corp

6.26%,

06/12/2024

(q)

12‌

12‌

1

Month

USD

LIBOR

+

3.75%

Mileage

Plus

Holdings

LLC

6.25%,

06/21/2027

(q)

318‌

327‌

1

Month

USD

LIBOR

+

2.50%

SkyMiles

IP

Ltd

4.75%,

09/16/2027

(q)

133‌

136‌

1

Month

USD

LIBOR

+

3.75%

$

475‌

Automobile

Parts

&

Equipment

-

0.18%

American

Axle

&

Manufacturing

Inc

3.00%,

04/06/2024

(q)

403‌

395‌

3

Month

USD

LIBOR

+

2.25%

GC

EOS

Buyer

Inc

4.65%,

06/27/2025

(q)

973‌

920‌

3

Month

USD

LIBOR

+

4.50%

Wheel

Pros

Inc

0.00%,

11/06/2027

(q),(r)

76‌

74‌

1

Month

USD

LIBOR

+

4.00%

$

1,389‌

Building

Materials

-

0.02%

CP

Atlas

Buyer

Inc

0.00%,

11/19/2027

(q),(r)

31‌

30‌

1

Month

USD

LIBOR

+

4.50%

5.25%,

11/19/2027

(q)

105‌

105‌

1

Month

USD

LIBOR

+

4.50%

5.25%,

11/19/2027

(q)

35‌

35‌

1

Month

USD

LIBOR

+

4.50%

LEB

Holdings

USA

Inc

4.74%,

09/25/2027

(q)

18‌

18‌

1

Month

USD

LIBOR

+

4.00%

$

188‌

Coal

-

0.00%

Oxbow

Carbon

LLC

5.00%,

10/13/2025

(q)

30‌

30‌

1

Month

USD

LIBOR

+

4.00%

Commercial

Services

-

0.12%

Cambium

Learning

Group

Inc

4.72%,

12/18/2025

(q)

51‌

50‌

3

Month

USD

LIBOR

+

4.50%

Employbridge

LLC

5.50%,

04/18/2025

(q)

125‌

119‌

3

Month

USD

LIBOR

+

4.50%

Kingpin

Intermediate

Holdings

LLC

4.50%,

07/03/2024

(q)

400‌

370‌

3

Month

USD

LIBOR

+

4.00%

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Commercial

Services

(continued)

Mavis

Tire

Express

Services

Corp

0.00%,

03/20/2025

(q),(r)

$

47‌

$

47‌

1

Month

USD

LIBOR

+

4.00%

PAE

Holding

Corp

5.25%,

10/14/2027

(q)

79‌

78‌

1

Month

USD

LIBOR

+

4.50%

Travelport

Finance

Luxembourg

Sarl

8.36%,

02/28/2025

(q)

279‌

269‌

1

Month

USD

LIBOR

+

3.50%

$

933‌

Computers

-

0.08%

Ahead

DB

Holdings

LLC

6.00%,

10/13/2027

(q)

63‌

60‌

1

Month

USD

LIBOR

+

5.00%

Electronics

For

Imaging

Inc

5.15%,

07/23/2026

(q)

371‌

315‌

3

Month

USD

LIBOR

+

5.00%

Genuine

Financial

Holdings

LLC

3.89%,

07/12/2025

(q)

109‌

102‌

3

Month

USD

LIBOR

+

3.75%

Imprivata

Inc

0.00%,

11/24/2027

(q),(r)

56‌

56‌

Netsmart

Inc

6.25%,

09/29/2027

(q)

70‌

69‌

1

Month

USD

LIBOR

+

3.50%

Redstone

Buyer

LLC

6.00%,

06/29/2027

(q)

31‌

31‌

1

Month

USD

LIBOR

+

5.00%

$

633‌

Diversified

Financial

Services

-

0.01%

Citadel

Securities

LP

2.90%,

02/27/2026

(q)

24‌

24‌

1

Month

USD

LIBOR

+

2.75%

Hudson

River

Trading

LLC

3.15%,

02/18/2027

(q)

50‌

49‌

1

Month

USD

LIBOR

+

3.00%

Jefferies

Finance

LLC

4.50%,

09/30/2027

(q)

8‌

8‌

1

Month

USD

LIBOR

+

2.50%

$

81‌

Electric

-

0.02%

EFS

Cogen

Holdings

I

LLC

4.50%,

09/24/2027

(q)

89‌

89‌

1

Month

USD

LIBOR

+

3.50%

PG&E

Corp

5.50%,

06/23/2025

(q)

57‌

57‌

1

Month

USD

LIBOR

+

4.50%

$

146‌

Engineering

&

Construction

-

0.01%

Tutor

Perini

Corp

4.50%,

08/13/2027

(q)

44‌

44‌

3

Month

USD

LIBOR

+

4.75%

Entertainment

-

0.03%

Deluxe

Entertainment

Services

Group

Inc

6.00%,

PIK

1.50%,

03/25/2024

(f),(g),(p),(q)

102‌

97‌

1

Month

USD

LIBOR

+

6.50%

7.00%,

PIK

2.50%,

09/25/2024

(f),(g),(p),(q)

806‌

97‌

1

Month

USD

LIBOR

+

8.50%

$

194‌

Environmental

Control

-

0.00%

Packers

Holdings

0.00%,

12/04/2024

(q),(r)

18‌

18‌

1

Month

USD

LIBOR

+

2.75%

Food

-

0.00%

Quirch

Foods

Co

6.74%,

10/19/2027

(q)

35‌

35‌

1

Month

USD

LIBOR

+

3.00%

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

75

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Hand

&

Machine

Tools

-

0.01%

Alliance

Laundry

Systems

LLC

4.25%,

09/30/2027

(q)

$

95‌

$

95‌

1

Month

USD

LIBOR

+

3.50%

Healthcare

-

Services

-

0.05%

Air

Methods

Corp

4.50%,

04/12/2024

(q)

373‌

348‌

3

Month

USD

LIBOR

+

3.50%

Cambrex

Corp

0.00%,

12/04/2026

(q),(r)

63‌

63‌

1

Month

USD

LIBOR

+

4.50%

Phoenix

Guarantor

Inc

4.24%,

03/05/2026

(q)

13‌

13‌

1

Month

USD

LIBOR

+

5.50%

$

424‌

Home

Furnishings

-

0.03%

Weber-Stephen

Products

LLC

4.00%,

10/20/2027

(q)

125‌

125‌

1

Month

USD

LIBOR

+

3.00%

4.00%,

10/20/2027

(q)

138‌

137‌

1

Month

USD

LIBOR

+

3.00%

Insurance

-

0.03%

Alliant

Holdings

Intermediate

LLC

4.26%,

10/08/2027

(q)

17‌

17‌

1

Month

USD

LIBOR

+

3.75%

Sedgwick

Claims

Management

Services

Inc

5.25%,

09/03/2026

(q)

224‌

224‌

1

Month

USD

LIBOR

+

2.50%

$

241‌

Internet

-

0.03%

Ancestry.com

0.00%,

11/24/2027

(q),(r)

67‌

67‌

CNT

Holdings

7.50%,

12/16/2028

(q)

70‌

70‌

3

Month

USD

LIBOR

+

3.75%

CNT

Holdings

I

Corp

4.50%,

10/16/2027

(q)

61‌

60‌

1

Month

USD

LIBOR

+

3.75%

$

197‌

Leisure

Products

&

Services

-

0.04%

Carnival

Corp

8.50%,

06/30/2025

(q)

40‌

41‌

1

Month

USD

LIBOR

+

5.75%

Varsity

Brands

Holding

Co

Inc

4.50%,

12/16/2024

(q)

277‌

257‌

3

Month

USD

LIBOR

+

3.50%

$

298‌

Machinery

-

Diversified

-

0.01%

Vertical

US

Newco

4.57%,

06/30/2027

(q)

60‌

60‌

3

Month

USD

LIBOR

+

4.25%

Media

-

0.12%

NEP

Group

Inc

3.40%,

10/20/2025

(q)

486‌

454‌

3

Month

USD

LIBOR

+

5.75%

UPC

Financing

Partners

0.00%,

01/20/2029

(q),(r)

40‌

39‌

0.00%,

01/20/2029

(q),(r)

40‌

39‌

Virgin

Media

Bristol

LLC

0.00%,

01/31/2029

(q),(r)

91‌

90‌

1

Month

USD

LIBOR

+

2.75%

Ziggo

BV

3.00%,

01/17/2029

(q)

EUR

235‌

280‌

3

Month

Euro

Interbank

Offered

Rate

+

2.50%

$

902‌

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Oil

&

Gas

-

0.00%

Gavilan

Resources

LLC

0.00%,

03/01/2024

(d),(f),(g),(q)

$

680‌

$

—‌

3

Month

USD

LIBOR

+

6.00%

Oil

&

Gas

Services

-

0.01%

ChampionX

Holding

Inc

6.02%,

06/03/2027

(q)

14‌

14‌

1

Month

USD

LIBOR

+

5.00%

Lealand

Finance

Co

BV

3.15%,

06/28/2024

(q)

44‌

35‌

1

Month

USD

LIBOR

+

3.50%

$

49‌

Packaging

&

Containers

-

0.02%

Charter

Nex

Films

0.00%,

11/24/2027

(q),(r)

43‌

43‌

Graham

Packaging

Co

Inc

4.50%,

08/06/2027

(q)

50‌

50‌

1

Month

USD

LIBOR

+

3.75%

Proampac

PG

Borrower

LLC

5.01%,

11/20/2025

(q)

86‌

85‌

1

Month

USD

LIBOR

+

5.25%

$

178‌

Pharmaceuticals

-

0.01%

Milano

Acquisition

Corp

4.75%,

08/17/2027

(q)

106‌

105‌

1

Month

USD

LIBOR

+

4.25%

Real

Estate

-

0.00%

Toys

R

Us

Property

Co

I

LLC

0.00%,

PIK

12.50%,

02/04/2024

(d),(p),(q)

7‌

7‌

Retail

-

0.09%

Harbor

Freight

Tools

USA

Inc

4.00%,

10/20/2027

(q)

87‌

86‌

1

Month

USD

LIBOR

+

3.25%

IRB

Holding

Corp

0.00%,

11/19/2027

(q),(r)

145‌

144‌

1

Month

USD

LIBOR

+

3.25%

0.00%,

11/19/2027

(q),(r)

114‌

113‌

1

Month

USD

LIBOR

+

3.25%

KPAE

Finance

Sub

Inc

4.98%,

10/26/2027

(q)

17‌

17‌

1

Month

USD

LIBOR

+

4.50%

LS

Group

OpCo

Acquistion

LLC

4.25%,

10/26/2027

(q)

104‌

103‌

1

Month

USD

LIBOR

+

5.00%

Mattress

Firm

Inc

0.00%,

11/24/2027

(q),(r)

61‌

60‌

1

Month

USD

LIBOR

+

3.75%

Michaels

Stores

Inc

4.25%,

09/17/2027

(q)

66‌

65‌

1

Month

USD

LIBOR

+

2.75%

White

Cap

Buyer

LLC

4.50%,

10/08/2027

(q)

138‌

137‌

1

Month

USD

LIBOR

+

3.25%

$

725‌

Shipbuilding

-

0.01%

MHI

Holdings

LLC

0.00%,

09/21/2026

(q),(r)

41‌

41‌

1

Month

USD

LIBOR

+

5.00%

Software

-

0.11%

Camelot

Finance

4.00%,

10/30/2026

(q)

29‌

29‌

1

Month

USD

LIBOR

+

3.00%

GlobalLogic

Holdings

Inc

4.50%,

08/23/2027

(q)

82‌

82‌

1

Month

USD

LIBOR

+

3.75%

Greeneden

US

Holdings

II

LLC

0.00%,

10/08/2027

(q),(r)

78‌

78‌

1

Month

USD

LIBOR

+

4.00%

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

76

SENIOR

FLOATING

RATE

INTERESTS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Software

(continued)

Ivanti

Software

0.00%,

11/22/2027

(q),(r)

$

81‌

$

80‌

Mitchell

International

Inc

4.75%,

12/01/2024

(q)

90‌

88‌

1

Month

USD

LIBOR

+

3.25%

Riverbed

Technology

Inc

4.25%,

04/24/2022

(q)

466‌

419‌

3

Month

USD

LIBOR

+

3.00%

Symplr

Software

0.00%,

11/23/2027

(q),(r)

60‌

59‌

Ultimate

Software

Group

Inc/The

4.75%,

05/04/2026

(q)

45‌

45‌

1

Month

USD

LIBOR

+

3.75%

$

880‌

Telecommunications

-

0.03%

LogMeIn

Inc

4.89%,

08/14/2027

(q)

230‌

227‌

1

Month

USD

LIBOR

+

4.75%

TOTAL

SENIOR

FLOATING

RATE

INTERESTS

$

9,555‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

-

20.27%

Principal

Amount

(000's)

Value

(000's)

U.S.

Treasury

-

19.77%

0.13%,

06/30/2022

(o)

$

2,773‌

$

2,773‌

0.25%,

06/15/2023

(o)

17,829‌

17,866‌

0.25%,

09/30/2025

(o)

7,578‌

7,542‌

0.38%,

09/30/2027

(o)

10,570‌

10,413‌

1.13%,

08/15/2040

(o)

7,844‌

7,528‌

1.25%,

10/31/2021

(o)

20,120‌

20,327‌

1.88%,

03/31/2022

(o)

18,234‌

18,657‌

2.13%,

05/15/2022

23,265‌

23,938‌

2.50%,

01/15/2022

(o)

26,693‌

27,404‌

2.50%,

02/15/2022

(o)

18,234‌

18,760‌

$

155,208‌

U.S.

Treasury

Bill

-

0.50%

0.09%,

10/07/2021

(s)

1,305‌

1,304‌

0.12%,

06/17/2021

(s)

1,315‌

1,314‌

0.12%,

11/04/2021

(s)

1,300‌

1,299‌

$

3,917‌

TOTAL

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

$

159,125‌

REPURCHASE

AGREEMENTS

-

11.35%

Maturity

Amount

(000's)

Value

(000's)

Banks

-

11.35%

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

0.00%

traded

03/18/2020

(collateralized

by

Turkey

Government

International

Bond;

$721,823;

11.88%;

dated

01/15/30)

(d),(t)

$

631‌

$

631‌

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

0.01%

traded

11/30/2020

maturing

12/02/2020

(collateralized

by

United

States

Treasury

Note/Bond;

$3,999,340;

1.25%;

dated

05/15/50)

3,980‌

3,980‌

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

0.03%

traded

11/30/2020

maturing

12/02/2020

(collateralized

by

United

States

Treasury

Note/Bond;

$3,627,240;

0.63%;

dated

08/15/30)

3,623‌

3,623‌

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

0.05%

traded

11/30/2020

maturing

12/02/2020

(collateralized

by

United

States

Treasury

Note/Bond;

$21,008,567;

1.13%;

dated

02/28/22)

20,996‌

20,996‌

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

0.05%

traded

11/30/2020

maturing

12/02/2020

(collateralized

by

United

States

Treasury

Note/Bond;

$18,846,411;

2.25%;

dated

02/15/37)

18,842‌

18,842‌

REPURCHASE

AGREEMENTS

(continued)

Maturity

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

0.05%

traded

11/30/2020

maturing

12/02/2020

(collateralized

by

United

States

Treasury

Note/Bond;

$29,976,014;

0.13%;

dated

09/30/22)

$

29,979‌

$

29,979‌

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

0.05%

traded

11/30/2020

maturing

12/02/2020

(collateralized

by

United

States

Treasury

Inflation

Indexed

Bonds;

$8,117,927

;

0.13%;

dated

10/15/25)

8,106‌

8,106‌

Merrill

Lynch

Repurchase

Agreement

on

securities

sold

short;

(0.30)%

traded

03/18/2020

(collateralized

by

Republic

of

South

Africa

Government

International

Bond;

$3,252,871;

4.85%;

dated

09/27/27)

(t)

2,949‌

2,956‌

$

89,113‌

TOTAL

REPURCHASE

AGREEMENTS

$

89,113‌

TOTAL

PURCHASED

OPTIONS

-

0.13%

$

1,035‌

Total

Investments

$

974,803‌

Other

Assets

and

Liabilities

-  (24.20)%

(189,887‌)

TOTAL

NET

ASSETS

-

100.00%

$

784,916‌

(a)

Current

yield

shown

is

as

of

period

end.

(b)

All

or

a

portion

of

this

security

is

owned

by

the

GMS

Cayman

Corporation,

which

is

a

100%

owned

subsidiary

of

the

fund.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940)

or

an

affiliate

as

defined

by

the

Investment

Company

Act

of

1940

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(d)

Non-income

producing

security

(e)

Security

or

a

portion

of

the

security

was

pledged

as

collateral

for

short

sales.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$103,488

or

13.18%

of

net

assets.

(f)

The

value

of

these

investments

was

determined

using

significant

unobservable

inputs.

(g)

Fair

value

of

these

investments

is

determined

in

good

faith

by

the

Manager

under

procedures

established

and

periodically

reviewed

by

the

Board

of

Directors.

Certain

inputs

used

in

the

valuation

may

be

unobservable;

however,

each

security

is

evaluated

individually

for

purposes

of

ASC

820

which

results

in

not

all

securities

being

identified

as

Level

3

of

the

fair

value

hierarchy.

At

the

end

of

the

period,

the

fair

value

of

these

securities

totaled

$5,034

or

0.64%

of

net

assets.

(h)

Restricted

Security.

Please

see

Restricted

Securities

sub-schedule

for

additional

information.

(i)

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$151,783

or

19.34%

of

net

assets.

(j)

Perpetual

security.

Perpetual

securities

pay

an

indefinite

stream

of

interest,

but

they

may

be

called

by

the

issuer

at

an

earlier

date.

Date

shown,

if

any,

reflects

the

next

call

date

or

final

legal

maturity

date.

Rate

shown

is

as

of

period

end.

(k)

Security

purchased

on

a

when-issued

basis.

(l)

Rate

shown

is

as

of

period

end.

The

rate

may

be

a

variable

or

floating

rate

or

a

fixed

rate

which

may

convert

to

a

variable

or

floating

rate

in

the

future.

(m)

Certain

variable

rate

securities

are

not

based

on

a

published

reference

rate

and

spread

but

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.

Rate

shown

is

the

rate

in

effect

as

of

period

end.

(n)

Security

is

an

Interest

Only

Strip.

(o)

Security

or

portion

of

the

security

was

pledged

as

collateral

for

reverse

repurchase

agreements.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$137,480

or

17.52%

of

net

assets.

(p)

Payment

in

kind;

the

issuer

has

the

option

of

paying

additional

securities

in

lieu

of

cash.

(q)

Rate

information

disclosed

is

based

on

an

average

weighted

rate

of

the

underlying

tranches

as

of

period

end.

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

77

(r)

This

Senior

Floating

Rate

Note

will

settle

after

November

30,

2020,

at

which

time

the

interest

rate

will

be

determined.

(s)

Rate

shown

is

the

discount

rate

of

the

original

purchase.

(t)

Although

the

maturity

date

of

the

repurchase

agreement

is

open-ended

through

the

maturity

date

of

the

collateral,

the

Fund

has

a

right

to

terminate

the

repurchase

agreement

and

demand

repayment

from

the

counterparty

at

any

time

with

two

days'

notice

or

less.

During

periods

of

high

demand

for

the

collateral

security,

the

fund

may

also

pay

the

counterparty

a

fee.

Portfolio

Summary  (unaudited)

Sector

Percent

Government

31.10‌%

Financial

19.79‌%

Money

Market

Funds

11.85‌%

Consumer,

Non-cyclical

10.83‌%

Industrial

8.25‌%

Consumer,

Cyclical

7.81‌%

Communications

6.91‌%

Asset

Backed

Securities

6.84‌%

Mortgage

Securities

6.53‌%

Technology

6.39‌%

Energy

3.13‌%

Basic

Materials

2.95‌%

Utilities

1.61‌%

Purchased

Options

0.13‌%

Investment

Companies

0.08‌%

Investments

Sold

Short

(27.26‌)%

Other

Assets

and

Liabilities

3.06‌%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

August

31,

2020

Purchases

Sales

November

30,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

89,036‌

$

194,569‌

$

210,914‌

$

72,691‌

$

89,036‌

$

194,569‌

$

210,914‌

$

72,691‌

Income

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

Restricted

Securities

Security

Name

Acquisition

Date

Cost

Value

Percent

of

Net

Assets

Airbnb

Inc

-

Series

E  

0.00%

06/24/2015

$

157‌

$

137‌

0.02%

Element

Comm

Aviation

06/15/2015

2,800‌

342‌

0.04%

Forward

Venture

Services

LLC  

0.00%

11/20/2014

102‌

294‌

0.04%

Jand

Inc

04/23/2015

19‌

39‌

0.01%

Jand

Inc  

0.00%

04/23/2015

43‌

88‌

0.01%

Marklogic

-

Escrow  

0.00%

11/10/2020

4‌

4‌

0.00%

Veracode

Inc  

0.00%

04/18/2017

24‌

4‌

0.00%

WE

Company

Common

Class

A

12/08/2014

6‌

2‌

0.00%

WE

Company

Preferred

D-1  

0.00%

12/08/2014

81‌

38‌

0.01%

WE

Company

Preferred

D-2  

0.00%

12/08/2014

64‌

30‌

0.00%

Total

$

978‌

0.13%

Amounts

in

thousands.

Options

Purchased

Options

Outstanding

Counterparty

Contracts/

Shares

Notional

Amount

Exercise

Price

Expiration

Date

Upfront

Payments

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Call

-

SPDR

Gold

Shares

ETP

N/A

22‌

$

2‌

$

200.00‌

01/24/2022

$

28‌

$

12‌

$

(16‌)

Call

-

Coca-Cola

Co/The

N/A

111‌

11‌

$

47.50‌

12/21/2020

31‌

47‌

16‌

Put

-

iShares

Russell

2000

ETF

N/A

62‌

6‌

$

145.00‌

12/21/2020

40‌

—‌

(40‌)

Put

-

iShares

Russell

2000

ETF

N/A

62‌

6‌

$

137.00‌

12/21/2020

29‌

—‌

(29‌)

Put

-

S&P

500

Index

N/A

34‌

3‌

$

3,150.00‌

03/22/2021

553‌

168‌

(385‌)

Put

-

S&P

500

Index

N/A

48‌

5‌

$

3,100.00‌

12/21/2020

385‌

12‌

(373‌)

Put

-

S&P

500

Index

N/A

16‌

2‌

$

3,250.00‌

06/21/2021

214‌

186‌

(28‌)

Put

-

SPDR

S&P

500

ETF

Trust

N/A

21‌

2‌

$

296.00‌

12/21/2020

15‌

—‌

(15‌)

Put

-

SPDR

S&P

500

ETF

Trust

N/A

21‌

2‌

$

313.00‌

12/21/2020

23‌

1‌

(22‌)

Call

-

EUR

versus

USD

Barclays

Bank

PLC

1

EUR

5,000‌

EUR

1.20‌

02/15/2021

41‌

63‌

22‌

Call

-

EUR

versus

USD

Citigroup

Inc

1

2,775‌

EUR

1.18‌

12/11/2020

24‌

57‌

33‌

Call

-

EUR

versus

USD

Goldman

Sachs

&

Co

1

2,775‌

EUR

1.20‌

02/08/2021

32‌

39‌

7‌

Call

-

EUR

versus

ZAR

Citigroup

Inc

1

1,839‌

EUR

19.30‌

04/01/2021

50‌

52‌

2‌

Call

-

GBP

versus

USD

Barclays

Bank

PLC

1

GBP

1,785‌

GBP

1.30‌

12/15/2020

7‌

23‌

16‌

Call

-

USD

versus

KRW

Goldman

Sachs

&

Co

1

$

1,388‌

$

1,260.00‌

12/08/2020

15‌

—‌

(15‌)

Call

-

USD

versus

KRW

Goldman

Sachs

&

Co

1

1,665‌

$

1,210.00‌

12/18/2020

17‌

—‌

(17‌)

Call

-

USD

versus

MXN

UBS

AG

1

2,756‌

$

21.00‌

02/16/2021

49‌

39‌

(10‌)

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

78

Options

(continued)

Purchased

Options

Outstanding

Counterparty

Contracts/

Shares

Notional

Amount

Exercise

Price

Expiration

Date

Upfront

Payments

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Call

-

USD

versus

MXN

JPMorgan

Chase

1

$

918‌

$

21.00‌

02/08/2021

$

15‌

$

12‌

$

(3‌)

Call

-

USD

versus

MXN

UBS

AG

1

612‌

$

21.00‌

02/16/2021

12‌

9‌

(3‌)

Put

-

EUR

versus

JPY

Goldman

Sachs

&

Co

1

EUR

1,388‌

EUR

122.00‌

12/21/2020

22‌

1‌

(21‌)

Put

-

EUR

versus

JPY

Barclays

Bank

PLC

1

2,775‌

EUR

122.50‌

12/17/2020

33‌

3‌

(30‌)

Put

-

GBP

versus

USD

Barclays

Bank

PLC

1

GBP

1,800‌

GBP

1.33‌

12/15/2020

15‌

16‌

1‌

Put

-

USD

versus

BRL

BNP

Paribas

1

$

4,245‌

$

5.15‌

01/20/2021

135‌

47‌

(88‌)

Put

-

USD

versus

BRL

BNP

Paribas

1

1,530‌

$

5.15‌

01/20/2021

18‌

17‌

(1‌)

Put

-

USD

versus

CLP

Morgan

Stanley

&

Co

1

2,058‌

$

740.00‌

12/04/2020

13‌

—‌

(13‌)

Put

-

USD

versus

IDR

Standard

Chartered

Hong

Kong

1

1,224‌

$

14,000.00‌

02/12/2021

18‌

10‌

(8‌)

Put

-

USD

versus

IDR

Morgan

Stanley

&

Co

1

3,978‌

$

14,350.00‌

02/05/2021

71‌

81‌

10‌

Put

-

USD

versus

IDR

JPMorgan

Chase

1

3,060‌

$

14,200.00‌

02/02/2021

47‌

43‌

(4‌)

Put

-

USD

versus

INR

UBS

AG

1

5,179‌

$

73.75‌

01/08/2021

18‌

24‌

6‌

Put

-

USD

versus

INR

JPMorgan

Chase

1

4,267‌

$

73.70‌

01/19/2021

16‌

21‌

5‌

Put

-

USD

versus

INR

Nomura

Securities

1

2,754‌

$

73.75‌

01/08/2021

14‌

13‌

(1‌)

Put

-

USD

versus

TRY

JPMorgan

Chase

1

2,142‌

$

7.62‌

02/12/2021

54‌

25‌

(29‌)

Put

-

90

Day

Eurodollar

Future;

December

2020

N/A

306‌

765‌

$

99.75‌

12/15/2020

20‌

10‌

(10‌)

Put

-

90

Day

Eurodollar

Future;

December

2020

N/A

306‌

765‌

$

99.50‌

12/15/2020

3‌

2‌

(1‌)

Put

-

90

Day

Eurodollar

Future;

December

2022

N/A

279‌

698‌

$

99.63‌

12/14/2020

41‌

2‌

(39‌)

Total

$

2,118‌

$

1,035‌

$

(1,083‌)

Written

Options

Outstanding

Counterparty

Contracts/

Shares

Notional

Amount

Exercise

Price

Expiration

Date

Upfront

Receipts

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Call

-

Activision

Blizzard

Inc

N/A

1‌

$

—‌

$

90.00‌

12/21/2020

$

—‌

$

—‌

$

—‌

Call

-

Applied

Materials

Inc

N/A

2‌

—‌

$

70.00‌

12/21/2020

(1‌)

(3‌)

(2‌)

Call

-

Best

Buy

Co

Inc

N/A

1‌

—‌

$

130.00‌

12/21/2020

—‌

—‌

—‌

Call

-

Bristol-Myers

Squibb

Co

N/A

1‌

—‌

$

65.00‌

12/21/2020

—‌

—‌

—‌

Call

-

Coca-Cola

Co/The

N/A

111‌

11‌

$

57.50‌

12/21/2020

(4‌)

—‌

4‌

Call

-

Comcast

Corp

N/A

3‌

—‌

$

47.50‌

12/21/2020

(1‌)

(1‌)

—‌

Call

-

CSX

Corp

N/A

1‌

—‌

$

87.50‌

12/21/2020

—‌

—‌

—‌

Call

-

DR

Horton

Inc

N/A

1‌

—‌

$

85.00‌

12/21/2020

—‌

—‌

—‌

Call

-

eBay

Inc

N/A

1‌

—‌

$

60.00‌

12/21/2020

—‌

—‌

—‌

Call

-

Enterprise

Products

Partners

LP

N/A

3‌

—‌

$

19.00‌

12/21/2020

—‌

—‌

—‌

Call

-

EOG

Resources

Inc

N/A

2‌

—‌

$

45.00‌

12/21/2020

(1‌)

(1‌)

—‌

Call

-

Fidelity

National

Information

Services

Inc

N/A

1‌

—‌

$

155.00‌

12/21/2020

—‌

—‌

—‌

Call

-

Global

Payments

Inc

N/A

1‌

—‌

$

200.00‌

12/21/2020

—‌

—‌

—‌

Call

-

Intel

Corp

N/A

2‌

—‌

$

60.00‌

12/21/2020

—‌

—‌

—‌

Call

-

Kroger

Co/The

N/A

3‌

—‌

$

38.00‌

12/21/2020

—‌

—‌

—‌

Call

-

Lowe's

Cos

Inc

N/A

1‌

—‌

$

195.00‌

12/21/2020

—‌

—‌

—‌

Call

-

Masco

Corp

N/A

3‌

—‌

$

65.00‌

12/21/2020

—‌

—‌

—‌

Call

-

MetLife

Inc

N/A

2‌

—‌

$

45.00‌

12/21/2020

—‌

—‌

—‌

Call

-

Morgan

Stanley

N/A

2‌

—‌

$

55.00‌

12/21/2020

—‌

(1‌)

(1‌)

Call

-

Newmont

Corp

N/A

1‌

—‌

$

70.00‌

12/21/2020

—‌

—‌

—‌

Call

-

Nexstar

Media

Group

Inc

N/A

1‌

—‌

$

100.00‌

12/21/2020

(1‌)

(1‌)

—‌

Call

-

Oracle

Corp

N/A

2‌

—‌

$

65.00‌

12/21/2020

—‌

—‌

—‌

Call

-

Philip

Morris

International

Inc

N/A

1‌

—‌

$

85.00‌

12/21/2020

—‌

—‌

—‌

Call

-

QUALCOMM

Inc

N/A

1‌

—‌

$

145.00‌

12/21/2020

(1‌)

(1‌)

—‌

Call

-

Teradyne

Inc

N/A

1‌

—‌

$

100.00‌

12/21/2020

—‌

(1‌)

(1‌)

Call

-

Vistra

Corp

N/A

1‌

—‌

$

21.00‌

12/21/2020

—‌

—‌

—‌

Put

-

Coca-Cola

Co/The

N/A

111‌

11‌

$

37.50‌

12/21/2020

(8‌)

—‌

8‌

Put

-

S&P

500

Index

N/A

16‌

2‌

$

2,975.00‌

06/21/2021

(134‌)

(114‌)

20‌

Put

-

S&P

500

Index

N/A

34‌

3‌

$

2,875.00‌

03/22/2021

(348‌)

(85‌)

263‌

Call

-

EUR

versus

JPY

Barclays

Bank

PLC

1

EUR

2,775‌

EUR

128.50‌

02/17/2021

(28‌)

(9‌)

19‌

Put

-

EUR

versus

PLN

JPMorgan

Chase

1

2,678‌

EUR

4.48‌

02/15/2021

(32‌)

(34‌)

(2‌)

Put

-

EUR

versus

USD

Barclays

Bank

PLC

1

5,000‌

EUR

1.16‌

02/15/2021

(32‌)

(13‌)

19‌

Put

-

USD

versus

IDR

Morgan

Stanley

&

Co

1

$

3,978‌

$

13,800.00‌

02/05/2021

(17‌)

(16‌)

1‌

Put

-

USD

versus

IDR

JPMorgan

Chase

1

3,060‌

$

13,800.00‌

02/02/2021

(16‌)

(12‌)

4‌

Put

-

USD

versus

MXN

BNP

Paribas

1

1,225‌

$

20.60‌

02/08/2021

(26‌)

(40‌)

(14‌)

Put

-

USD

versus

MXN

JPMorgan

Chase

1

612‌

$

20.00‌

02/08/2021

(10‌)

(10‌)

—‌

Put

-

USD

versus

ZAR

Morgan

Stanley

&

Co

1

1,544‌

$

16.00‌

02/16/2021

(33‌)

(68‌)

(35‌)

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

79

Options

(continued)

Written

Options

Outstanding

Counterparty

Contracts/

Shares

Notional

Amount

Exercise

Price

Expiration

Date

Upfront

Receipts

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Put

-

90

Day

Eurodollar

Future;

December

2020

N/A

612‌

$

1,530‌

$

99.63‌

12/15/2020

$

(11‌)

$

(4‌)

$

7‌

Total

$

(704‌)

$

(414‌)

$

290‌

Amounts

in

thousands

except

contracts/shares.

Futures

Contracts

Description

and

Expiration

Date

Type

Contracts

Notional

Amount

Value

and

Unrealized

Appreciation/(Depreciation)

90

Day

Eurodollar;

December

2021

Long

196‌

$

48,882‌

$

(6‌)

90

Day

Eurodollar;

March

2022

Long

454‌

113,233‌

64‌

90

Day

Eurodollar;

March

2023

Short

454‌

113,148‌

(71‌)

90

Day

Short

Sterling;

December

2021

Long

215‌

35,830‌

15‌

Australia

10

Year

Bond;

December

2020

Long

40‌

4,367‌

(9‌)

Brent

Crude;

February

2021

(a)

Short

14‌

670‌

(53‌)

CAC40

Index;

December

2020

Short

16‌

1,051‌

3‌

Canada

10

Year

Bond;

March

2021

Long

102‌

11,690‌

10‌

Cocoa;

March

2021

(a)

Long

8‌

198‌

23‌

Coffee

'C';

March

2021

(a)

Short

9‌

416‌

(51‌)

Corn;

March

2021

(a)

Long

65‌

1,385‌

52‌

Cotton

No.2;

March

2021

(a)

Long

13‌

469‌

10‌

DAX

Index;

December

2020

Short

3‌

1,193‌

(6‌)

DJ

Euro

Stoxx

50;

December

2020

Short

25‌

1,045‌

(133‌)

DJ

Euro

Stoxx

50;

December

2020

Short

255‌

10,661‌

(589‌)

Dollar

Index;

December

2020

Short

8‌

735‌

—‌

E-Mini

DJIA

Index;

December

2020

Long

27‌

4,000‌

163‌

Euribor;

December

2021

Long

143‌

42,879‌

2‌

Euro

Bond

10

Year

Bond;

December

2020

Long

37‌

7,735‌

8‌

Euro

Bond

10

Year

Bond;

December

2020

Short

20‌

4,181‌

(1‌)

Euro

Buxl

30

Year

Bond;

December

2020

Short

4‌

1,081‌

(4‌)

Euro

Schatz;

December

2020

Long

106‌

14,203‌

5‌

Euro-Bobl

5

Year;

December

2020

Long

106‌

17,120‌

33‌

FTSE100

Index;

December

2020

Short

65‌

5,453‌

(69‌)

FTSE100

Index;

December

2020

Short

43‌

3,607‌

(151‌)

Gasoline

RBOB;

January

2021

(a)

Long

1‌

52‌

3‌

Gold

100

oz;

February

2021

(a)

Long

2‌

356‌

(6‌)

Hang

Seng

Index;

December

2020

Short

4‌

682‌

9‌

Japan

10

Year

Bond

TSE;

December

2020

Short

9‌

13,106‌

(8‌)

Japan

Topix

Index;

December

2020

Long

16‌

2,690‌

216‌

Japan

Topix

Index;

December

2020

Short

3‌

504‌

(45‌)

KC

HRW

Wheat;

March

2021

(a)

Long

25‌

684‌

(29‌)

LME

Copper;

December

2020

(a)

Short

—‌

—‌

152‌

LME

Copper;

March

2021

(a)

Long

19‌

3,602‌

361‌

LME

PRI

Alum;

December

2020

(a)

Short

—‌

—‌

7‌

LME

PRI

Alum;

March

2021

(a)

Long

22‌

1,125‌

124‌

LME

Zinc;

December

2020

(a)

Short

—‌

—‌

86‌

LME

Zinc;

March

2021

(a)

Long

13‌

908‌

63‌

Low

Sulphur

Gasoline;

January

2021

(a)

Short

25‌

975‌

(80‌)

Mini

Japan

10

Year

Bond;

December

2020

Short

15‌

2,184‌

—‌

Nasdaq

100

E-Mini;

December

2020

Long

8‌

1,964‌

41‌

Natural

Gas;

January

2021

(a)

Short

39‌

1,124‌

3‌

Nikkei

225

OSE;

December

2020

Short

2‌

507‌

(65‌)

Nikkei

225

OSE;

December

2020

Long

27‌

6,843‌

513‌

NY

Harb

ULSD;

January

2021

(a)

Short

16‌

922‌

(82‌)

Russell

2000

Emini;

December

2020

Long

50‌

4,550‌

162‌

Russell

2000

Emini;

December

2020

Short

226‌

20,567‌

(3,622‌)

S&P

500

Emini;

December

2020

Short

41‌

7,428‌

(560‌)

S&P

500

Emini;

December

2020

Long

31‌

5,616‌

91‌

S&P

500

Emini;

December

2020

Short

2‌

362‌

(30‌)

S&P

Mid

400

Emini;

December

2020

Short

5‌

1,084‌

(159‌)

S&P/TSX

60

Index;

December

2020

Short

7‌

1,103‌

(66‌)

Silver;

March

2021

(a)

Long

4‌

452‌

(18‌)

Soybean

Meal;

March

2021

(a)

Long

17‌

662‌

(5‌)

Soybean

Oil;

March

2021

(a)

Long

15‌

335‌

(4‌)

Soybean;

March

2021

(a)

Long

36‌

2,105‌

226‌

Sugar

#11;

March

2021

(a)

Long

36‌

585‌

42‌

UK

10

Year

Gilt;

March

2021

Long

43‌

7,693‌

2‌

US

10

Year

Note;

March

2021

Long

23‌

3,178‌

3‌

US

10

Year

Note;

March

2021

Long

73‌

10,087‌

15‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

80

Futures

Contracts

(continued)

Description

and

Expiration

Date

Type

Contracts

Notional

Amount

Value

and

Unrealized

Appreciation/(Depreciation)

US

10

Year

Ultra

Note;

March

2021

Short

2‌

$

314‌

$

(1‌)

US

2

Year

Note;

March

2021

Short

124‌

27,386‌

(9‌)

US

2

Year

Note;

March

2021

Long

168‌

37,103‌

14‌

US

5

Year

Note;

March

2021

Long

71‌

8,948‌

10‌

US

5

Year

Note;

March

2021

Long

55‌

6,932‌

6‌

US

Long

Bond;

March

2021

Short

9‌

1,574‌

(2‌)

US

Ultra

Bond;

March

2021

Short

16‌

3,457‌

(1‌)

Wheat;

March

2021

(a)

Long

28‌

819‌

(26‌)

WTI

Crude;

January

2021

(a)

Short

22‌

997‌

(81‌)

Total

$

(3,505‌)

Amounts

in

thousands

except

contracts.

(a)

All

or

a

portion

of

this

security

is

owned

by

the

GMS

Cayman

Corporation,

which

is

a

100%

owned

subsidiary

of

the

fund.

Foreign

Currency

Contracts

Unrealized

Appreciation/(Depreciation)

Counterparty

Settlement

Date

Currency

to

Accept

Currency

to

Deliver

Asset

Liability

Bank

of

America

NA

12/01/2020

EUR

3,366‌

HUF

1,217,415‌

$

—‌

$

(33‌)

Bank

of

America

NA

12/01/2020

HUF

1,209,649‌

EUR

3,366‌

9‌

(2‌)

Bank

of

America

NA

12/02/2020

BRL

8,865‌

$

1,592‌

62‌

—‌

Bank

of

America

NA

12/02/2020

EUR

797‌

ZAR

15,329‌

—‌

(39‌)

Bank

of

America

NA

12/02/2020

ZAR

4,629‌

EUR

251‌

—‌

(1‌)

Bank

of

America

NA

12/02/2020

ZAR

19,126‌

$

1,222‌

13‌

—‌

Bank

of

America

NA

12/02/2020

$

1,222‌

ZAR

19,817‌

—‌

(57‌)

Bank

of

America

NA

12/02/2020

$

1,592‌

BRL

8,553‌

6‌

(10‌)

Bank

of

America

NA

12/03/2020

ZAR

8,924‌

$

572‌

5‌

—‌

Bank

of

America

NA

12/03/2020

$

572‌

ZAR

9,596‌

—‌

(48‌)

Bank

of

America

NA

12/04/2020

AUD

833‌

$

614‌

—‌

(3‌)

Bank

of

America

NA

12/04/2020

COP

13,161,688‌

$

3,484‌

174‌

—‌

Bank

of

America

NA

12/04/2020

EUR

1,110‌

$

1,330‌

—‌

(6‌)

Bank

of

America

NA

12/04/2020

EUR

555‌

SEK

5,680‌

—‌

—‌

Bank

of

America

NA

12/04/2020

JPY

233,735‌

$

2,220‌

19‌

—‌

Bank

of

America

NA

12/04/2020

MXN

58,096‌

$

2,787‌

89‌

(2‌)

Bank

of

America

NA

12/04/2020

SEK

5,645‌

EUR

555‌

—‌

(4‌)

Bank

of

America

NA

12/04/2020

$

460‌

MXN

9,746‌

—‌

(22‌)

Bank

of

America

NA

12/04/2020

$

3,485‌

COP

12,938,106‌

—‌

(112‌)

Bank

of

America

NA

12/04/2020

$

1,314‌

EUR

1,110‌

—‌

(10‌)

Bank

of

America

NA

12/04/2020

$

1,144‌

NZD

1,665‌

—‌

(23‌)

Bank

of

America

NA

12/04/2020

$

606‌

AUD

833‌

—‌

(5‌)

Bank

of

America

NA

12/07/2020

IDR

17,457,912‌

$

1,224‌

13‌

(2‌)

Bank

of

America

NA

12/07/2020

PEN

16,544‌

$

4,590‌

2‌

(5‌)

Bank

of

America

NA

12/07/2020

$

4,590‌

PEN

16,552‌

1‌

—‌

Bank

of

America

NA

12/07/2020

$

1,224‌

IDR

17,852,040‌

—‌

(39‌)

Bank

of

America

NA

12/11/2020

EUR

555‌

$

665‌

—‌

(3‌)

Bank

of

America

NA

12/11/2020

$

1,662‌

EUR

1,388‌

7‌

—‌

Bank

of

America

NA

12/11/2020

$

1,110‌

CAD

1,438‌

2‌

—‌

Bank

of

America

NA

12/14/2020

CLP

1,875,505‌

$

2,448‌

20‌

(5‌)

Bank

of

America

NA

12/14/2020

COP

2,235,024‌

$

612‌

9‌

—‌

Bank

of

America

NA

12/14/2020

THB

121,189‌

$

3,932‌

74‌

—‌

Bank

of

America

NA

12/14/2020

TRY

3,808‌

$

489‌

—‌

(4‌)

Bank

of

America

NA

12/14/2020

$

2,448‌

CLP

1,865,131‌

—‌

(2‌)

Bank

of

America

NA

12/14/2020

$

490‌

TRY

3,803‌

5‌

—‌

Bank

of

America

NA

12/14/2020

$

3,876‌

THB

121,189‌

—‌

(131‌)

Bank

of

America

NA

12/15/2020

CNY

46,601‌

$

7,010‌

60‌

—‌

Bank

of

America

NA

12/15/2020

TRY

2,282‌

$

285‌

6‌

—‌

Bank

of

America

NA

12/15/2020

$

11,019‌

CNY

74,997‌

—‌

(360‌)

Bank

of

America

NA

12/15/2020

$

292‌

TRY

2,282‌

2‌

—‌

Bank

of

America

NA

12/16/2020

GBP

4,718‌

$

6,248‌

42‌

—‌

Bank

of

America

NA

12/16/2020

EUR

850‌

$

1,008‌

6‌

—‌

Bank

of

America

NA

12/16/2020

INR

340,994‌

$

4,583‌

16‌

—‌

Bank

of

America

NA

12/16/2020

IDR

14,953,514‌

$

1,021‌

36‌

(1‌)

Bank

of

America

NA

12/16/2020

JPY

90,276‌

$

850‌

15‌

—‌

Bank

of

America

NA

12/16/2020

KRW

3,162,573‌

$

2,771‌

80‌

—‌

Bank

of

America

NA

12/16/2020

$

850‌

JPY

89,597‌

—‌

(9‌)

Bank

of

America

NA

12/16/2020

$

1,002‌

EUR

850‌

—‌

(12‌)

Bank

of

America

NA

12/16/2020

$

4,794‌

GBP

3,611‌

2‌

(20‌)

Bank

of

America

NA

12/16/2020

$

3,885‌

KRW

4,490,278‌

—‌

(169‌)

Bank

of

America

NA

12/16/2020

$

1,689‌

INR

125,181‌

3‌

(2‌)

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

81

Foreign

Currency

Contracts

(continued)

Unrealized

Appreciation/(Depreciation)

Counterparty

Settlement

Date

Currency

to

Accept

Currency

to

Deliver

Asset

Liability

Bank

of

America

NA

12/16/2020

$

1,021‌

IDR

15,041,685‌

$

—‌

$

(41‌)

Bank

of

America

NA

12/17/2020

COP

4,734,111‌

$

1,242‌

75‌

—‌

Bank

of

America

NA

12/17/2020

EUR

1,365‌

$

1,618‌

11‌

—‌

Bank

of

America

NA

12/17/2020

EUR

4,224‌

HUF

1,540,698‌

—‌

(86‌)

Bank

of

America

NA

12/17/2020

HUF

1,509,576‌

EUR

4,224‌

4‌

(20‌)

Bank

of

America

NA

12/17/2020

INR

58,438‌

$

792‌

—‌

(4‌)

Bank

of

America

NA

12/17/2020

IDR

14,490,154‌

$

967‌

56‌

—‌

Bank

of

America

NA

12/17/2020

JPY

222,847‌

$

2,117‌

22‌

(3‌)

Bank

of

America

NA

12/17/2020

ZAR

16,947‌

$

999‌

94‌

—‌

Bank

of

America

NA

12/17/2020

$

967‌

IDR

14,490,154‌

—‌

(56‌)

Bank

of

America

NA

12/17/2020

$

1,241‌

COP

4,780,823‌

—‌

(88‌)

Bank

of

America

NA

12/17/2020

$

999‌

ZAR

16,705‌

—‌

(78‌)

Bank

of

America

NA

12/17/2020

$

1,505‌

JPY

159,235‌

—‌

(21‌)

Bank

of

America

NA

12/17/2020

$

891‌

EUR

753‌

—‌

(7‌)

Bank

of

America

NA

12/18/2020

AUD

15,932‌

$

11,554‌

143‌

(5‌)

Bank

of

America

NA

12/18/2020

GBP

11,828‌

$

15,457‌

320‌

(5‌)

Bank

of

America

NA

12/18/2020

CAD

2,728‌

$

2,069‌

33‌

—‌

Bank

of

America

NA

12/18/2020

EUR

20,204‌

$

23,873‌

241‌

(3‌)

Bank

of

America

NA

12/18/2020

IDR

10,810,980‌

$

765‌

—‌

(2‌)

Bank

of

America

NA

12/18/2020

JPY

2,567,823‌

$

24,568‌

81‌

(36‌)

Bank

of

America

NA

12/18/2020

MXN

72,027‌

$

3,318‌

235‌

—‌

Bank

of

America

NA

12/18/2020

NZD

10,390‌

$

7,073‌

211‌

—‌

Bank

of

America

NA

12/18/2020

CHF

8,750‌

$

9,593‌

50‌

(5‌)

Bank

of

America

NA

12/18/2020

$

6,650‌

GBP

5,121‌

—‌

(179‌)

Bank

of

America

NA

12/18/2020

$

15,383‌

EUR

13,055‌

—‌

(200‌)

Bank

of

America

NA

12/18/2020

$

3,183‌

NZD

4,816‌

—‌

(193‌)

Bank

of

America

NA

12/18/2020

$

6,202‌

AUD

8,675‌

—‌

(164‌)

Bank

of

America

NA

12/18/2020

$

2,338‌

CAD

3,071‌

—‌

(25‌)

Bank

of

America

NA

12/18/2020

$

1,422‌

INR

106,267‌

—‌

(11‌)

Bank

of

America

NA

12/18/2020

$

1,027‌

MXN

21,952‌

1‌

(59‌)

Bank

of

America

NA

12/18/2020

$

13,562‌

JPY

1,423,769‌

1‌

(85‌)

Bank

of

America

NA

12/18/2020

$

7,187‌

CHF

6,550‌

—‌

(27‌)

Bank

of

America

NA

12/21/2020

EUR

1,775‌

HUF

641,288‌

—‌

(16‌)

Bank

of

America

NA

12/21/2020

HUF

639,462‌

EUR

1,775‌

10‌

—‌

Bank

of

America

NA

12/21/2020

IDR

16,975,546‌

$

1,138‌

60‌

—‌

Bank

of

America

NA

12/21/2020

$

1,138‌

IDR

17,100,244‌

—‌

(68‌)

Bank

of

America

NA

12/22/2020

CLP

1,136,172‌

$

1,488‌

4‌

—‌

Bank

of

America

NA

12/22/2020

$

1,489‌

CLP

1,149,562‌

—‌

(22‌)

Bank

of

America

NA

12/23/2020

$

490‌

TRY

3,766‌

12‌

—‌

Bank

of

America

NA

12/23/2020

$

306‌

IDR

4,356,216‌

—‌

(1‌)

Bank

of

America

NA

12/24/2020

COP

1,108,791‌

$

306‌

2‌

—‌

Bank

of

America

NA

12/24/2020

$

918‌

COP

3,366,306‌

—‌

(18‌)

Bank

of

America

NA

12/28/2020

EUR

1,342‌

TRY

12,381‌

33‌

—‌

Bank

of

America

NA

12/28/2020

MXN

63,529‌

$

2,949‌

187‌

—‌

Bank

of

America

NA

12/28/2020

TRY

12,552‌

EUR

1,341‌

4‌

(15‌)

Bank

of

America

NA

12/28/2020

$

2,845‌

MXN

63,529‌

—‌

(291‌)

Bank

of

America

NA

12/28/2020

$

20‌

TRY

171‌

—‌

(1‌)

Bank

of

America

NA

01/05/2021

MXN

12,602‌

$

569‌

53‌

—‌

Bank

of

America

NA

01/05/2021

$

589‌

BRL

3,174‌

—‌

(4‌)

Bank

of

America

NA

01/05/2021

$

569‌

MXN

12,145‌

—‌

(30‌)

Bank

of

America

NA

01/06/2021

CNY

8,101‌

$

1,220‌

7‌

—‌

Bank

of

America

NA

01/06/2021

INR

67,640‌

$

890‌

20‌

—‌

Bank

of

America

NA

01/06/2021

$

890‌

INR

66,265‌

—‌

(2‌)

Bank

of

America

NA

01/06/2021

$

1,221‌

CNY

8,688‌

—‌

(96‌)

Bank

of

America

NA

01/07/2021

CNY

10,071‌

$

1,477‌

49‌

—‌

Bank

of

America

NA

01/07/2021

PEN

16,549‌

$

4,590‌

4‌

—‌

Bank

of

America

NA

01/07/2021

$

1,476‌

CNY

10,482‌

—‌

(111‌)

Bank

of

America

NA

01/11/2021

INR

106,615‌

$

1,439‌

—‌

(5‌)

Bank

of

America

NA

01/11/2021

$

4,028‌

INR

300,152‌

4‌

(14‌)

Bank

of

America

NA

01/12/2021

THB

9,001‌

$

294‌

4‌

—‌

Bank

of

America

NA

01/12/2021

$

285‌

THB

9,001‌

—‌

(13‌)

Bank

of

America

NA

01/15/2021

EUR

555‌

SEK

5,647‌

4‌

—‌

Bank

of

America

NA

01/15/2021

JPY

371,444‌

$

3,576‌

—‌

(14‌)

Bank

of

America

NA

01/19/2021

IDR

11,919,412‌

$

797‌

42‌

—‌

Bank

of

America

NA

01/19/2021

$

797‌

IDR

11,395,363‌

—‌

(4‌)

Bank

of

America

NA

01/20/2021

CLP

976,026‌

$

1,245‌

39‌

—‌

Bank

of

America

NA

01/20/2021

COP

1,690,158‌

$

455‌

14‌

—‌

Bank

of

America

NA

01/20/2021

$

1,814‌

CLP

1,417,909‌

—‌

(51‌)

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

82

Foreign

Currency

Contracts

(continued)

Unrealized

Appreciation/(Depreciation)

Counterparty

Settlement

Date

Currency

to

Accept

Currency

to

Deliver

Asset

Liability

Bank

of

America

NA

01/20/2021

$

455‌

COP

1,700,809‌

$

—‌

$

(17‌)

Bank

of

America

NA

01/21/2021

BRL

3,934‌

$

734‌

1‌

(1‌)

Bank

of

America

NA

01/21/2021

$

734‌

BRL

3,981‌

—‌

(8‌)

Bank

of

America

NA

01/25/2021

EUR

793‌

TRY

7,859‌

—‌

(39‌)

Bank

of

America

NA

01/25/2021

TRY

8,088‌

EUR

793‌

68‌

—‌

Bank

of

America

NA

01/25/2021

TRY

7,605‌

$

920‌

35‌

—‌

Bank

of

America

NA

01/25/2021

$

955‌

TRY

7,835‌

—‌

(28‌)

Bank

of

America

NA

01/27/2021

PLN

12,174‌

EUR

2,678‌

47‌

—‌

Bank

of

America

NA

01/27/2021

$

366‌

ARS

34,043‌

—‌

(5‌)

Bank

of

America

NA

02/04/2021

IDR

5,196,720‌

$

367‌

—‌

(2‌)

Bank

of

America

NA

02/04/2021

$

367‌

IDR

5,205,161‌

1‌

—‌

Bank

of

America

NA

02/12/2021

TRY

6,800‌

$

857‌

—‌

(9‌)

Bank

of

America

NA

02/12/2021

$

857‌

TRY

6,734‌

17‌

—‌

Bank

of

America

NA

02/16/2021

EUR

1,190‌

PLN

5,345‌

—‌

(3‌)

Bank

of

America

NA

02/16/2021

PLN

5,368‌

EUR

1,190‌

9‌

—‌

Bank

of

America

NA

02/16/2021

$

122‌

IDR

1,744,934‌

—‌

—‌

Bank

of

America

NA

02/18/2021

CNY

28,572‌

$

4,325‌

—‌

(10‌)

Bank

of

America

NA

02/18/2021

$

4,290‌

CNY

28,572‌

—‌

(25‌)

Bank

of

America

NA

02/26/2021

$

918‌

PHP

44,252‌

1‌

—‌

Bank

of

America

NA

03/16/2021

MXN

32,213‌

$

1,422‌

154‌

—‌

Bank

of

America

NA

03/16/2021

$

2,901‌

MXN

63,105‌

—‌

(188‌)

Bank

of

America

NA

03/29/2021

MXN

64,192‌

$

2,845‌

292‌

—‌

Bank

of

America

NA

03/29/2021

$

2,950‌

MXN

64,191‌

—‌

(188‌)

Bank

of

America

NA

03/31/2021

EUR

1,408‌

HUF

503,702‌

7‌

—‌

Bank

of

America

NA

03/31/2021

HUF

515,849‌

EUR

1,407‌

34‌

—‌

Bank

of

America

NA

03/31/2021

$

36‌

HUF

12,147‌

—‌

(4‌)

Bank

of

America

NA

04/05/2021

THB

18,069‌

$

591‌

6‌

—‌

Bank

of

America

NA

04/05/2021

$

569‌

THB

18,069‌

—‌

(28‌)

Bank

of

America

NA

04/06/2021

ZAR

10,232‌

EUR

546‌

—‌

(2‌)

Bank

of

America

NA

04/27/2021

COP

15,551,057‌

$

4,146‌

160‌

—‌

Bank

of

America

NA

04/27/2021

$

4,053‌

COP

15,551,057‌

—‌

(251‌)

Bank

of

America

NA

05/03/2021

$

3,065‌

MXN

66,941‌

—‌

(194‌)

Bank

of

America

NA

05/05/2021

$

4,590‌

PEN

16,564‌

—‌

(7‌)

Bank

of

America

NA

05/06/2021

$

1,530‌

MXN

32,742‌

—‌

(63‌)

Bank

of

America

NA

05/10/2021

$

1,530‌

MXN

32,305‌

—‌

(41‌)

Bank

of

America

NA

06/01/2021

MXN

32,249‌

$

1,430‌

135‌

—‌

Bank

of

America

NA

06/01/2021

$

1,486‌

MXN

32,249‌

—‌

(79‌)

Bank

of

America

NA

06/14/2021

MXN

32,550‌

$

1,478‌

98‌

—‌

Bank

of

America

NA

06/14/2021

$

1,423‌

MXN

32,550‌

—‌

(155‌)

Bank

of

America

NA

08/03/2021

MXN

67,668‌

$

3,065‌

195‌

—‌

Bank

of

America

NA

08/20/2021

CNY

30,388‌

$

4,290‌

242‌

—‌

Bank

of

America

NA

08/20/2021

$

4,540‌

CNY

30,388‌

9‌

—‌

Bank

of

America

NA

09/01/2021

MXN

84,927‌

$

3,718‌

359‌

—‌

Bank

of

America

NA

09/01/2021

$

3,753‌

MXN

84,927‌

—‌

(324‌)

Bank

of

America

NA

09/07/2021

MXN

66,212‌

$

2,907‌

270‌

—‌

Bank

of

America

NA

09/07/2021

$

2,978‌

MXN

66,211‌

—‌

(199‌)

Bank

of

America

NA

09/14/2021

MXN

31,562‌

$

1,422‌

91‌

—‌

Bank

of

America

NA

11/08/2021

MXN

33,466‌

$

1,530‌

64‌

—‌

Bank

of

America

NA

11/09/2021

MXN

33,005‌

$

1,530‌

42‌

—‌

Bank

of

New

York

Mellon

12/02/2020

$

3,558‌

EUR

3,000‌

—‌

(21‌)

Bank

of

New

York

Mellon

12/15/2020

ZAR

24,721‌

$

1,542‌

52‌

—‌

Bank

of

New

York

Mellon

12/15/2020

$

3,330‌

ZAR

54,369‌

—‌

(176‌)

Bank

of

New

York

Mellon

12/16/2020

GBP

2,475‌

$

3,173‌

127‌

—‌

Bank

of

New

York

Mellon

12/16/2020

EUR

1,075‌

$

1,264‌

19‌

—‌

Bank

of

New

York

Mellon

12/16/2020

JPY

59,000‌

$

564‌

1‌

(1‌)

Bank

of

New

York

Mellon

12/16/2020

$

841‌

SEK

7,350‌

—‌

(17‌)

Bank

of

New

York

Mellon

12/16/2020

$

6,643‌

JPY

704,600‌

—‌

(109‌)

Bank

of

New

York

Mellon

12/16/2020

$

9,493‌

EUR

8,011‌

—‌

(67‌)

Bank

of

New

York

Mellon

12/16/2020

$

596‌

HKD

4,625‌

—‌

—‌

Bank

of

New

York

Mellon

12/16/2020

$

578‌

CHF

525‌

1‌

—‌

Bank

of

New

York

Mellon

12/16/2020

$

271‌

NOK

2,450‌

—‌

(4‌)

Bank

of

New

York

Mellon

12/16/2020

$

3,792‌

GBP

2,905‌

—‌

(82‌)

Bank

of

New

York

Mellon

01/19/2021

$

4,005‌

GBP

3,100‌

—‌

(130‌)

Bank

of

New

York

Mellon

03/10/2021

$

2,785‌

EUR

2,350‌

—‌

(25‌)

Barclays

Bank

PLC

12/16/2020

MYR

7,042‌

$

1,684‌

47‌

—‌

Barclays

Bank

PLC

12/16/2020

$

1,684‌

MYR

7,011‌

—‌

(39‌)

Barclays

Bank

PLC

01/25/2021

$

292‌

EUR

245‌

—‌

(1‌)

Deutsche

Bank

AG

01/29/2021

$

378‌

GBP

291‌

—‌

(10‌)

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

83

Foreign

Currency

Contracts

(continued)

Unrealized

Appreciation/(Depreciation)

Counterparty

Settlement

Date

Currency

to

Accept

Currency

to

Deliver

Asset

Liability

Goldman

Sachs

&

Co

12/16/2020

EUR

1,625‌

$

1,931‌

$

8‌

$

—‌

Goldman

Sachs

&

Co

12/16/2020

$

1,227‌

GBP

941‌

—‌

(28‌)

Goldman

Sachs

&

Co

01/13/2021

$

2,593‌

BRL

14,000‌

—‌

(19‌)

Goldman

Sachs

&

Co

01/13/2021

$

1,432‌

MXN

29,200‌

—‌

(7‌)

HSBC

Securities

Inc

12/16/2020

EUR

2,359‌

$

2,806‌

10‌

(1‌)

HSBC

Securities

Inc

12/16/2020

$

8,540‌

EUR

7,202‌

5‌

(61‌)

HSBC

Securities

Inc

01/13/2021

BRL

14,000‌

$

2,591‌

21‌

—‌

HSBC

Securities

Inc

01/13/2021

INR

570,000‌

$

7,617‌

50‌

—‌

HSBC

Securities

Inc

01/13/2021

MXN

4,000‌

$

199‌

—‌

(2‌)

HSBC

Securities

Inc

01/13/2021

$

3,059‌

ZAR

47,500‌

8‌

—‌

HSBC

Securities

Inc

02/16/2021

$

82‌

EUR

70‌

—‌

(1‌)

JPMorgan

Chase

12/16/2020

$

2,944‌

GBP

2,240‌

—‌

(43‌)

JPMorgan

Chase

12/16/2020

$

8,286‌

EUR

7,006‌

—‌

(74‌)

JPMorgan

Chase

01/13/2021

PLN

14,500‌

$

3,845‌

21‌

—‌

JPMorgan

Chase

01/13/2021

TRY

19,800‌

$

2,525‌

—‌

(29‌)

JPMorgan

Chase

01/13/2021

$

2,466‌

TRY

19,800‌

—‌

(29‌)

Merrill

Lynch

01/25/2021

$

405‌

CAD

530‌

—‌

(4‌)

Merrill

Lynch

01/25/2021

$

226‌

EUR

190‌

—‌

(1‌)

Morgan

Stanley

&

Co

12/16/2020

CNY

10,075‌

$

1,509‌

23‌

(1‌)

Morgan

Stanley

&

Co

12/16/2020

EUR

605‌

$

718‌

4‌

—‌

Morgan

Stanley

&

Co

12/16/2020

KRW

707,577‌

$

637‌

3‌

—‌

Morgan

Stanley

&

Co

12/16/2020

$

720‌

EUR

605‌

—‌

(2‌)

Morgan

Stanley

&

Co

12/16/2020

$

1,466‌

CNY

10,075‌

—‌

(63‌)

Morgan

Stanley

&

Co

12/16/2020

$

630‌

KRW

707,578‌

—‌

(9‌)

Morgan

Stanley

&

Co

01/08/2021

COP

1,499,569‌

$

393‌

24‌

—‌

Morgan

Stanley

&

Co

01/08/2021

$

863‌

COP

3,330,000‌

—‌

(63‌)

RBC

Dominon

Securities

Corp

12/16/2020

$

1,616‌

CAD

2,130‌

—‌

(24‌)

Standard

Chartered

Bank,

Hong

Kong

01/04/2021

$

721‌

EUR

615‌

—‌

(13‌)

Total

$

5,669‌

$

(6,346‌)

Amounts

in

thousands.

Credit

Default

Swaps

Buy

Protection

Counterparty

Reference

Entity

Implied

Credit

Spread

as

of

November

30,

2020

(a)

(Pay)/

Receive

Fixed

Rate

Payment

Frequency

Maturity

Date

Notional

Amount

Upfront

Payments/

(Receipts)

Unrealized

Appreciation/

(Depreciation)

Fair

Value

Asset

----

Liability

Barclays

Bank

PLC

Mexico

Government

International

Bond,

4.15%,

03/28/2027

0.88%

(1.00)%

Quarterly

12/20/2025

$

2,550‌

$

38‌

$

(54‌)

$

—‌

$

(16‌)

Goldman

Sachs

&

Co

American

Airlines

Group,

5.00%,

06/01/2022

17.76%

(5.00)%

Quarterly

06/22/2022

200‌

73‌

(38‌)

35‌

—‌

Goldman

Sachs

&

Co

Kohl's

Corp,

4.25%,

07/17/2025

1.81%

(1.00)%

Quarterly

06/20/2025

250‌

24‌

(15‌)

9‌

—‌

Goldman

Sachs

&

Co

Pitney

Bowes

Inc,

4.70%,

04/01/2023

3.54%

(1.00)%

Quarterly

06/20/2023

300‌

84‌

(65‌)

19‌

—‌

Goldman

Sachs

&

Co

Royal

Caribbean

Cruises

Ltd,

5.25%,

11/15/2022

6.27%

(5.00)%

Quarterly

06/20/2025

450‌

94‌

(73‌)

21‌

—‌

Total

$

313‌

$

(245‌)

$

84‌

$

(16‌)

Amounts

in

thousands.

Exchange

Cleared

Credit

Default

Swaps

Buy

Protection

Reference

Entity

Implied

Credit

Spread

as

of

November

30,

2020

(a)

(Pay)/

Receive

Fixed

Rate

Payment

Frequency

Maturity

Date

Notional

Amount

Upfront

Payments/

(Receipts)

Unrealized

Appreciation/

(Depreciation)

Fair

Value

CDX.NA.HY.35

N/A

(5.00)%

Quarterly

12/20/2025

$

35,000‌

$

(2,934‌)

$

(193‌)

$

(3,127‌)

Turkey

Government

International

Bond,

11.88%,

01/15/2030

3.83%

(1.00)%

Quarterly

12/20/2025

5,593‌

991‌

(274‌)

717‌

Total

$

(1,943‌)

$

(467‌)

$

(2,410‌)

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

84

Exchange

Cleared

Credit

Default

Swaps

(continued)

Sell

Protection

Reference

Entity

Implied

Credit

Spread

as

of

November

30,

2020

(a)

(Pay)/

Receive

Fixed

Rate

Payment

Frequency

Maturity

Date

Notional

Amount

(b)

Upfront

Payments/

(Receipts)

Unrealized

Appreciation/

(Depreciation)

Fair

Value

(c)

CDX.NA.HY.35

N/A

5.00%

Quarterly

12/20/2025

$

5,160‌

$

207‌

$

254‌

$

461‌

Total

$

207‌

$

254‌

$

461‌

Amounts

in

thousands.

(a)

Implied

credit

spreads,

represented

in

absolute

terms,

used

in

determining

the

market

value

of

credit

default

swap

agreements

on

corporate

issues

or

sovereign

issues

as

of

period

end

serve

as

an

indicator

of

the

current

status

of

the

payment/performance

risk

and

represent

the

likelihood

or

risk

of

default

for

the

credit

derivative.

The

implied

credit

spread

of

a

particular

referenced

entity

reflects

the

cost

of

buying/selling

protection

and

may

include

upfront

payments

required

to

be

made

to

enter

into

the

agreement.

Wider

credit

spreads

represent

a

deterioration

of

the

referenced

entity's

credit

soundness

and

a

greater

likelihood

or

risk

of

default

or

other

credit

event

occurring

as

defined

under

the

terms

of

the

agreement.

(b)

The

maximum

potential

payment

amount

that

the

seller

of

credit

protection

could

be

required

to

make

if

a

credit

event

occurs

as

defined

under

the

terms

of

that

particular

swap

agreement

is

$5,160.

(c)

The

market

price

and

resulting

market

value

for

credit

default

swap

agreements

on

an

issuer

serve

as

an

indicator

of

the

current

status

of

the

payment/performance

risk

and

represent

the

likelihood

of

an

expected

liability

(or

profit)

for

the

credit

default

swap

as

of

the

period

end.

Increasing

market

values,

in

absolute

terms,

when

compared

to

the

notional

amount

of

the

swap,

represent

a

deterioration

of

the

referenced

entity's

credit

soundness

and

a

greater

likelihood

or

risk

of

default

or

other

credit

event

occurring

as

defined

under

the

terms

of

the

agreement.

Interest

Rate

Swaps

Counterparty

Floating

Rate

Index

(Pay)/

Receive

Floating

Rate

Fixed

Rate

Payment

Frequency

Paid

by

Fund

Payment

Frequency

Received

by

Fund

Effective

Date

(a)

Maturity

Date

Notional

Amount

Unrealized

Appreciation/

(Depreciation)

Upfront

Payments/

(Receipts)

Fair

Value

Asset

Liability

Bank

of

America

NA

Turkish

Lara

Overnight

Reference

Rate

Receive

16.55%

Quarterly

Quarterly

N/A

11/06/2023

TRY

16,640‌

$

(122‌)

$

—‌

$

—‌

$

(122‌)

Barclays

Bank

PLC

6

Month

Warsaw

Interbank

Offered

Rate

Receive

2.20%

Annual

Semiannual

N/A

12/12/2023

PLN

10,712‌

(159‌)

—‌

—‌

(159‌)

JPMorgan

Chase

Brazil

Cetip

DI

Interbank

Deposit

Rate

Pay

7.00%

Annual

Annual

N/A

01/02/2025

BRL

94,600‌

10‌

—‌

10‌

—‌

JPMorgan

Chase

Brazil

Cetip

DI

Interbank

Deposit

Rate

Receive

3.29%

Annual

Annual

N/A

01/03/2022

253,400‌

(93‌)

—‌

—‌

(93‌)

JPMorgan

Chase

Brazil

Cetip

DI

Interbank

Deposit

Rate

Receive

7.00%

Annual

Annual

N/A

01/02/2025

12,000‌

(18‌)

27‌

9‌

—‌

JPMorgan

Chase

Brazil

Cetip

DI

Interbank

Deposit

Rate

Pay

3.29%

Annual

Annual

N/A

01/03/2022

19,000‌

4‌

(3‌)

1‌

—‌

Morgan

Stanley

&

Co

China

Foreign

Exchange

Trade

System

Fixing

Repo

Rates

7

Day

Pay

3.09%

Quarterly

Quarterly

N/A

11/08/2024

CNY

18,894‌

37‌

—‌

37‌

—‌

Total

$

(341‌)

$

24‌

$

57‌

$

(374‌)

Amounts

in

thousands.

Exchange

Cleared

Interest

Rate

Swaps

Floating

Rate

Index

(Pay)/

Receive

Floating

Rate

Fixed

Rate

Payment

Frequency

Paid

by

Fund

Payment

Frequency

Received

by

Fund

Effective

Date

(a)

Maturity

Date

Notional

Amount

Unrealized

Appreciation/

(Depreciation)

Upfront

Payments/

(Receipts)

Fair

Value

3

Month

Johannesburg

Interbank

Agreed

Rate

Pay

5.50%

Quarterly

Quarterly

N/A

11/09/2025

ZAR

13,184‌

$

13‌

$

1‌

$

14‌

3

Month

Johannesburg

Interbank

Agreed

Rate

Pay

7.00%

Quarterly

Quarterly

N/A

07/13/2030

10,850‌

9‌

1‌

10‌

3

Month

Johannesburg

Interbank

Agreed

Rate

Pay

4.21%

Quarterly

Quarterly

N/A

11/27/2023

56,610‌

(5‌)

—‌

(5‌)

3

Month

Johannesburg

Interbank

Agreed

Rate

Receive

6.59%

Quarterly

Quarterly

N/A

11/11/2022

105,000‌

(303‌)

(44‌)

(347‌)

3

Month

Johannesburg

Interbank

Agreed

Rate

Pay

5.29%

Quarterly

Quarterly

N/A

11/06/2025

344‌

—‌

—‌

—‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

85

Exchange

Cleared

Interest

Rate

Swaps

(continued)

Floating

Rate

Index

(Pay)/

Receive

Floating

Rate

Fixed

Rate

Payment

Frequency

Paid

by

Fund

Payment

Frequency

Received

by

Fund

Effective

Date

(a)

Maturity

Date

Notional

Amount

Unrealized

Appreciation/

(Depreciation)

Upfront

Payments/

(Receipts)

Fair

Value

3

Month

Johannesburg

Interbank

Agreed

Rate

Pay

7.20%

Quarterly

Quarterly

N/A

11/11/2022

ZAR

105,000‌

$

385‌

$

39‌

$

424‌

3

Month

KRW

Certificate

of

Deposit

Receive

0.80%

Annual

Annual

N/A

10/08/2022

$

23,100,000‌

7‌

—‌

7‌

3

Month

KRW

Certificate

of

Deposit

Receive

1.41%

Quarterly

Quarterly

N/A

01/28/2022

8,790,000‌

(67‌)

—‌

(67‌)

3

Month

KRW

Certificate

of

Deposit

Pay

1.09%

Annual

Annual

N/A

10/07/2030

2,310,000‌

(28‌)

1‌

(27‌)

3

Month

KRW

Certificate

of

Deposit

Pay

1.09%

Annual

Annual

N/A

10/07/2030

2,310,000‌

(28‌)

1‌

(27‌)

3

Month

KRW

Certificate

of

Deposit

Receive

0.80%

Annual

Annual

N/A

10/07/2022

11,560,000‌

2‌

—‌

2‌

3

Month

KRW

Certificate

of

Deposit

Receive

1.31%

Quarterly

Quarterly

N/A

11/22/2029

1,391,000‌

(10‌)

—‌

(10‌)

3

Month

KRW

Certificate

of

Deposit

Receive

0.80%

Annual

Annual

N/A

10/07/2022

11,560,000‌

2‌

—‌

2‌

3

Month

KRW

Certificate

of

Deposit

Receive

1.39%

Quarterly

Quarterly

N/A

12/18/2029

1,690,489‌

(25‌)

—‌

(25‌)

3

Month

KRW

Certificate

of

Deposit

Receive

1.75%

Annual

Annual

N/A

03/17/2030

12,855,000‌

(510‌)

—‌

(510‌)

3

Month

KRW

Certificate

of

Deposit

Pay

2.00%

Annual

Annual

N/A

03/17/2022

85,700,000‌

1,161‌

—‌

1,161‌

3

Month

KRW

Certificate

of

Deposit

Pay

1.07%

Annual

Annual

N/A

10/14/2030

4,620,000‌

(63‌)

1‌

(62‌)

3

Month

KRW

Certificate

of

Deposit

Pay

0.95%

Annual

Annual

N/A

08/07/2022

72,500,000‌

165‌

—‌

165‌

3

Month

KRW

Certificate

of

Deposit

Pay

1.07%

Annual

Annual

N/A

10/08/2030

4,620,000‌

(62‌)

—‌

(62‌)

3

Month

KRW

Certificate

of

Deposit

Receive

0.79%

Annual

Annual

N/A

10/14/2022

23,100,000‌

12‌

—‌

12‌

3

Month

USD

LIBOR

Pay

2.98%

Quarterly

Semiannual

N/A

08/07/2023

4,428‌

325‌

—‌

325‌

3

Month

USD

LIBOR

Receive

2.75%

Semiannual

Quarterly

N/A

03/29/2025

1,575‌

(163‌)

—‌

(163‌)

3

Month

USD

LIBOR

Receive

2.93%

Semiannual

Quarterly

N/A

06/11/2025

3,963‌

(457‌)

—‌

(457‌)

3

Month

USD

LIBOR

Receive

0.26%

Semiannual

Quarterly

N/A

06/30/2023

5,875‌

(3‌)

1‌

(2‌)

3

Month

USD

LIBOR

Receive

0.26%

Semiannual

Quarterly

N/A

06/29/2023

5,875‌

(3‌)

—‌

(3‌)

3

Month

USD

LIBOR

Receive

0.23%

Semiannual

Quarterly

N/A

07/03/2023

5,875‌

1‌

—‌

1‌

3

Month

USD

LIBOR

Receive

2.77%

Semiannual

Quarterly

N/A

03/07/2025

3,938‌

(405‌)

—‌

(405‌)

3

Month

USD

LIBOR

Receive

2.97%

Semiannual

Quarterly

N/A

04/25/2025

2,700‌

(309‌)

1‌

(308‌)

3

Month

USD

LIBOR

Receive

2.88%

Semiannual

Quarterly

N/A

08/21/2025

6,337‌

(742‌)

1‌

(741‌)

3

Month

USD

LIBOR

Receive

2.97%

Semiannual

Quarterly

N/A

05/04/2025

2,381‌

(273‌)

—‌

(273‌)

3

Month

USD

LIBOR

Receive

3.04%

Semiannual

Quarterly

N/A

05/22/2025

3,180‌

(379‌)

—‌

(379‌)

3

Month

USD

LIBOR

Receive

3.09%

Semiannual

Quarterly

N/A

10/01/2024

4,584‌

(486‌)

—‌

(486‌)

3

Month

USD

LIBOR

Receive

3.04%

Semiannual

Quarterly

N/A

08/07/2028

2,362‌

(425‌)

—‌

(425‌)

6

Month

Budapest

Interbank

Offered

Rate

Receive

2.09%

Annual

Semiannual

N/A

07/11/2023

HUF

482,425‌

(60‌)

8‌

(52‌)

6

Month

Budapest

Interbank

Offered

Rate

Receive

1.20%

Annual

Semiannual

N/A

10/27/2024

965,475‌

(29‌)

—‌

(29‌)

6

Month

Euro

Interbank

Offered

Rate

Receive

0.05%

Annual

Semiannual

N/A

08/27/2034

EUR

870‌

(22‌)

—‌

(22‌)

6

Month

Euro

Interbank

Offered

Rate

Receive

0.06%

Annual

Semiannual

N/A

04/18/2024

1,487‌

(33‌)

(1‌)

(34‌)

6

Month

Euro

Interbank

Offered

Rate

Pay

(0.19)%

Semiannual

Annual

N/A

08/27/2029

1,305‌

16‌

—‌

16‌

6

Month

Prague

Interbank

Offered

Rate

Receive

0.63%

Annual

Semiannual

N/A

12/16/2025

CZK

38,006‌

31‌

—‌

31‌

6

Month

Prague

Interbank

Offered

Rate

Pay

1.59%

Semiannual

Annual

N/A

08/16/2021

85,188‌

29‌

4‌

33‌

6

Month

Thai

Baht

Interest

Rate

Fixing

Pay

0.61%

Annual

Annual

N/A

03/17/2024

$

159,380‌

(7‌)

—‌

(7‌)

6

Month

Thai

Baht

Interest

Rate

Fixing

Pay

0.71%

Annual

Annual

N/A

09/16/2023

57,720‌

9‌

—‌

9‌

6

Month

Thai

Baht

Interest

Rate

Fixing

Pay

0.73%

Semiannual

Semiannual

N/A

09/16/2023

90,465‌

16‌

—‌

16‌

6

Month

Thai

Baht

Interest

Rate

Fixing

Pay

1.00%

Annual

Annual

N/A

12/16/2023

88,800‌

15‌

1‌

16‌

6

Month

Thai

Baht

Interest

Rate

Fixing

Receive

0.58%

Semiannual

Semiannual

N/A

11/12/2023

94,860‌

—‌

—‌

—‌

6

Month

Warsaw

Interbank

Offered

Rate

Pay

0.29%

Semiannual

Annual

N/A

10/08/2022

PLN

122,600‌

18‌

1‌

19‌

6

Month

Warsaw

Interbank

Offered

Rate

Receive

2.55%

Annual

Semiannual

N/A

03/10/2022

6,420‌

(48‌)

(2‌)

(50‌)

6

Month

Warsaw

Interbank

Offered

Rate

Receive

2.48%

Annual

Semiannual

N/A

03/23/2023

4,152‌

(53‌)

(3‌)

(56‌)

6

Month

Warsaw

Interbank

Offered

Rate

Receive

2.37%

Annual

Semiannual

N/A

04/26/2022

6,600‌

(51‌)

(2‌)

(53‌)

6

Month

Warsaw

Interbank

Offered

Rate

Receive

1.10%

Annual

Semiannual

N/A

10/08/2030

25,500‌

17‌

—‌

17‌

6

Month

Warsaw

Interbank

Offered

Rate

Pay

0.29%

Semiannual

Annual

N/A

10/08/2022

24,400‌

(1‌)

5‌

4‌

6

Month

Warsaw

Interbank

Offered

Rate

Receive

1.10%

Annual

Semiannual

N/A

10/08/2030

5,100‌

8‌

(5‌)

3‌

6

Month

Warsaw

Interbank

Offered

Rate

Receive

2.52%

Annual

Semiannual

N/A

03/09/2022

3,605‌

(26‌)

(2‌)

(28‌)

6

Month

Warsaw

Interbank

Offered

Rate

Receive

2.54%

Annual

Semiannual

N/A

05/17/2023

5,873‌

(82‌)

(4‌)

(86‌)

Brazil

Cetip

DI

Interbank

Deposit

Rate

Pay

6.53%

Annual

Annual

N/A

01/02/2025

BRL

21,726‌

(15‌)

—‌

(15‌)

China

Foreign

Exchange

Trade

System

Fixing

Repo

Rates

7

Day

Pay

1.99%

Annual

Annual

N/A

06/16/2023

$

13,584‌

(33‌)

1‌

(32‌)

China

Foreign

Exchange

Trade

System

Fixing

Repo

Rates

7

Day

Pay

2.76%

Annual

Annual

N/A

11/23/2023

17,626‌

10‌

—‌

10‌

China

Foreign

Exchange

Trade

System

Fixing

Repo

Rates

7

Day

Pay

2.62%

Annual

Annual

N/A

11/26/2021

42,840‌

(8‌)

—‌

(8‌)

China

Foreign

Exchange

Trade

System

Fixing

Repo

Rates

7

Day

Pay

2.00%

Quarterly

Quarterly

N/A

05/13/2023

13,455‌

(48‌)

—‌

(48‌)

China

Foreign

Exchange

Trade

System

Fixing

Repo

Rates

7

Day

Pay

2.51%

Annual

Annual

N/A

07/10/2023

16,675‌

(6‌)

1‌

(5‌)

China

Foreign

Exchange

Trade

System

Fixing

Repo

Rates

7

Day

Pay

2.10%

Annual

Annual

N/A

06/08/2023

21,112‌

(41‌)

—‌

(41‌)

China

Foreign

Exchange

Trade

System

Fixing

Repo

Rates

7

Day

Pay

2.33%

Annual

Annual

N/A

07/07/2023

17,370‌

(20‌)

—‌

(20‌)

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

86

Exchange

Cleared

Interest

Rate

Swaps

(continued)

Floating

Rate

Index

(Pay)/

Receive

Floating

Rate

Fixed

Rate

Payment

Frequency

Paid

by

Fund

Payment

Frequency

Received

by

Fund

Effective

Date

(a)

Maturity

Date

Notional

Amount

Unrealized

Appreciation/

(Depreciation)

Upfront

Payments/

(Receipts)

Fair

Value

China

Foreign

Exchange

Trade

System

Fixing

Repo

Rates

7

Day

Pay

2.04%

Annual

Annual

N/A

06/12/2023

$

13,714‌

$

(30‌)

$

—‌

$

(30‌)

China

Foreign

Exchange

Trade

System

Fixing

Repo

Rates

7

Day

Pay

2.10%

Annual

Annual

N/A

06/12/2023

13,641‌

(27‌)

1‌

(26‌)

China

Foreign

Exchange

Trade

System

Fixing

Repo

Rates

7

Day

Pay

2.00%

Annual

Annual

N/A

04/13/2023

19,980‌

(63‌)

—‌

(63‌)

Sinacofi

Chile

Interbank

Rate

Avg

Receive

1.00%

Annual

Annual

N/A

09/08/2024

CLP

1,081,100‌

14‌

—‌

14‌

Sinacofi

Chile

Interbank

Rate

Avg

Receive

1.30%

Annual

Annual

N/A

07/20/2025

1,360,650‌

17‌

1‌

18‌

Sinacofi

Chile

Interbank

Rate

Avg

Receive

1.39%

Annual

Annual

N/A

11/13/2025

1,395,360‌

25‌

1‌

26‌

Sinacofi

Chile

Interbank

Rate

Avg

Receive

0.75%

Annual

Annual

N/A

09/03/2023

438,130‌

5‌

—‌

5‌

Sinacofi

Chile

Interbank

Rate

Avg

Receive

1.41%

Annual

Annual

N/A

11/16/2025

930,240‌

16‌

—‌

16‌

Total

$

(3,121‌)

$

8‌

$

(3,113‌)

Amounts

in

thousands.

(a)    

Forward

swap.

Total

Return

Equity

Basket

Swaps

Counterparty

Fund

Pays

Fund

Receives

Payment

Frequency

Expiration

Date

Notional

Amount

Upfront

Payments/

(Receipts)

Value

and

Unrealized

Appreciation/(Depreciation)

Asset

-----

Liability

Credit

Suisse

Floating

rate

based

on

1

Month

LIBOR

plus/less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

GBP

Monthly

04/19/2022

$

403‌

$

—‌

$

10‌

$

—‌

Goldman

Sachs

&

Co

Floating

rate

based

on

the

Federal

Funds

Rate

plus/

less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

USD

Monthly

05/15/2030-

06/05/2030

7,427‌

—‌

—‌

(1,174‌)

JPMorgan

Chase

Floating

rate

based

on

the

Hong

Kong

Interbank

Offered

Rate

plus/less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

HKD

Monthly

06/25/2021-

12/20/2021

—‌

—‌

82‌

—‌

JPMorgan

Chase

Floating

rate

based

on

the

Hong

Kong

Interbank

Offered

Rate

plus/less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

ZAR

Monthly

06/22/2021

97‌

—‌

—‌

(4‌)

JPMorgan

Chase

Floating

rate

based

on

1

Month

LIBOR

plus/less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

USD

Monthly

12/04/2020-

05/24/2021

1,866‌

—‌

49‌

—‌

JPMorgan

Chase

Floating

rate

based

on

Norway

Interbank

Offered

Rate

plus/less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

NOK

Monthly

12/02/2021

109‌

—‌

—‌

(6‌)

JPMorgan

Chase

Floating

rate

based

on

1

Month

LIBOR

plus/less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

KRW

Monthly

11/23/2021

—‌

—‌

19‌

—‌

JPMorgan

Chase

Floating

rate

based

on

1

Month

LIBOR

plus/less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

CNY

Monthly

12/04/2020

76‌

—‌

87‌

—‌

JPMorgan

Chase

Floating

rate

based

on

1

Month

Euro

Interbank

Offered

Rate

plus/less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

EUR

Monthly

04/13/2021-

12/06/2021

2,744‌

—‌

280‌

—‌

JPMorgan

Chase

Floating

rate

based

on

1

Month

GBP

LIBOR

plus/

less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

GBP

Monthly

04/30/2021-

12/02/2021

299‌

—‌

9‌

—‌

JPMorgan

Chase

Floating

rate

based

on

1

Month

JPY

LIBOR

plus/

less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

JPY

Monthly

03/25/2021

—‌

—‌

—‌

(3‌)

Morgan

Stanley

&

Co

(a)

Floating

rate

based

on

1

Month

LIBOR

plus/less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

USD

Monthly

07/28/2021-

10/13/2021

18,642‌

—‌

912‌

—‌

Morgan

Stanley

&

Co

Floating

rate

based

on

1

Month

LIBOR

plus/less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

JPY

Monthly

01/21/2021-

11/30/2021

507‌

—‌

—‌

(126‌)

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

87

Total

Return

Equity

Basket

Swaps

(continued)

Counterparty

Fund

Pays

Fund

Receives

Payment

Frequency

Expiration

Date

Notional

Amount

Upfront

Payments/

(Receipts)

Value

and

Unrealized

Appreciation/(Depreciation)

Asset

-----

Liability

Morgan

Stanley

&

Co

Floating

rate

based

on

the

Hong

Kong

Interbank

Offered

Rate

plus/less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

HKD

Monthly

01/28/2021

$

—‌

$

—‌

$

21‌

$

—‌

Morgan

Stanley

&

Co

Floating

rate

based

on

1

Month

LIBOR

plus/less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

GBP

Monthly

05/20/2021

533‌

—‌

91‌

—‌

Morgan

Stanley

&

Co

(b)

Floating

rate

based

on

1

Month

Euro

Interbank

Offered

Rate

plus/less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

EUR

Monthly

01/19/2021-

09/28/2022

11,039‌

—‌

—‌

(638‌)

UBS

AG

Floating

rate

based

on

1

Day

Reserve

Bank

of

Australia

Cash

Rate

plus/

less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

AUD

Monthly

11/28/2022

168‌

—‌

77‌

—‌

UBS

AG

Floating

rate

based

on

1

Month

EUR

LIBOR

plus/

less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

EUR

Monthly

02/01/2022

3,181‌

—‌

426‌

—‌

UBS

AG

Floating

rate

based

on

1

Month

GBP

LIBOR

plus/

less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

GBP

Monthly

02/01/2022

122‌

—‌

—‌

(33‌)

UBS

AG

Floating

rate

based

on

the

Hong

Kong

Interbank

Offered

Rate

plus/less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

HKD

Monthly

03/01/2022

—‌

—‌

—‌

(34‌)

UBS

AG

Floating

rate

based

on

1

Month

LIBOR

plus/less

spread

Total

return

on

a

custom

basket

of

long

and

short

securities

traded

in

USD

Monthly

03/01/2022

55‌

—‌

—‌

(12‌)

Total

$

47,268‌

$

—‌

$

2,063‌

$

(2,030‌)

The

expiration

dates

are

measured

from

the

commencement

of

investment

in

each

underlying

swap

position.

The

fund

pays

a

floating

rate

based

on

the

reference

rate

plus/less

a

spread.

The

spread

is

negotiated

at

the

security

level

and

is

usually

similar

within

a

region

but

may

vary

depending

on

how

difficult

it

is

to

borrow

the

security.

Notional

Amount

represents

the

total

absolute

value

of

the

underlying

securities.

Top

Underlying

Securities

includes

the

50

largest

components

and

any

other

components

where

the

notional

exceeds

1%

of

the

notional

amount

of

the

index

or

custom

basket.

Amounts

in

thousands.

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

88

Description

Shares

Notional

Amount

%

of

Total

Absolute

Notional

Amount

Aon

PLC

(16,034)

$

(3,285

)

(17.62)%

Willis

Towers

Watson

PLC

14,846

3,091

16.58%

Boston

Scientific

Corp

32,889

1,090

5.85%

TJX

Cos

Inc/The

16,999

1,080

5.79%

Adobe

Inc

2,138

1,023

5.49%

Envestnet

Inc

11,503

923

4.95%

Mastercard

Inc

2,698

908

4.87%

Fidelity

National

Information

Services

Inc

5,809

862

4.62%

NextEra

Energy

Inc

10,574

778

4.17%

Coca-Cola

Co/The

13,683

706

3.79%

Amazon.com

Inc

213

675

3.62%

3M

Co

(3,381)

(584

)

(3.13)%

Amcor

PLC

(44,507)

(504

)

(2.71)%

FedEx

Corp

1,513

434

2.33%

Exxon

Mobil

Corp

(10,405)

(397

)

(2.13)%

Campbell

Soup

Co

(6,487)

(324

)

(1.74)%

Verizon

Communications

Inc

(5,370)

(324

)

(1.74)%

Kroger

Co/The

(9,619)

(317

)

(1.70)%

Aramark

7,728

270

1.45%

J

M

Smucker

Co/The

(2,146)

(252

)

(1.35)%

Kinder

Morgan

Inc

(17,148)

(247

)

(1.32)%

General

Mills

Inc

(3,966)

(241

)

(1.30)%

Church

&

Dwight

Co

Inc

(1,748)

(153

)

(0.82)%

Kimberly-Clark

Corp

(825)

(115

)

(0.62)%

Bristol-Myers

Squibb

Co

48,758

58

0.31%

Description

Shares

Notional

Amount

%

of

Total

Absolute

Notional

Amount

Stoxx

Europe

600

Index

(20,743)

$

(9,634

)

(87.27)%

Eiffage

SA

6,868

673

6.09%

Getlink

SE

31,984

532

4.82%

Aena

SME

SA

1,226

200

1.81%

(a)

Top

Underlying

Securities

YORKEBS

(b)

Top

Underlying

Securities

YRKEBSEUR

Reverse

Repurchase

Agreements

Counterparty

Coupon

Rate

Maturity

Date

Principal

Amount

Payable

for

Reverse

Repurchase

Agreements

Merrill

Lynch

(1.75‌)%

Open

ended

$

825‌

$

(836‌)

Merrill

Lynch

(1.75‌)%

Open

ended

590‌

(596‌)

Merrill

Lynch

(1.99‌)%

12/04/2020

1,067‌

(1,068‌)

Merrill

Lynch

(2.29‌)%

12/04/2020

1,350‌

(1,352‌)

Merrill

Lynch

(0.15‌)%

12/02/2020

27,661‌

(27,661‌)

Merrill

Lynch

(0.15‌)%

12/02/2020

18,895‌

(18,895‌)

Merrill

Lynch

(0.15‌)%

12/02/2020

18,713‌

(18,713‌)

Merrill

Lynch

(0.15‌)%

12/02/2020

20,346‌

(20,346‌)

Merrill

Lynch

(0.13‌)%

12/02/2020

7,540‌

(7,540‌)

Merrill

Lynch

(0.15‌)%

12/02/2020

7,530‌

(7,530‌)

Merrill

Lynch

(0.15‌)%

12/02/2020

17,874‌

(17,874‌)

Merrill

Lynch

(0.15‌)%

12/02/2020

2,773‌

(2,773‌)

Merrill

Lynch

(0.15‌)%

12/02/2020

10,411‌

(10,411‌)

Total

$

(135,595‌)

Amounts

in

thousands.

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

89

Total

Return

Swaps

Counterparty

Reference

Entity

Contracts

Pay/Receive

Positive

Return

Financing

Rate

Payment

Frequency

Expiration

Date

Notional

Amount

Upfront

Payments/

(Receipts)

Value

and

Unrealized

Appreciation/

(Depreciation)

Asset

----

Liability

HSBC

Securities

Inc

Egypt

Treasury

Bills,

0.00%,

02/16/2021

16,000,000

Receive

3

Month

USD

LIBOR

+

0.80%

Quarterly

02/17/2021

$

959‌

$

—‌

$

32‌

$

—‌

HSBC

Securities

Inc

Egypt

Treasury

Bills,

0.00%,

03/02/2021

29,000,000

Receive

3

Month

USD

LIBOR

+

0.80%

Quarterly

03/03/2021

1,759‌

—‌

30‌

—‌

HSBC

Securities

Inc

Egypt

Treasury

Bills,

0.00%,

03/23/2021

20,800,000

Receive

3

Month

USD

LIBOR

+

0.80%

Quarterly

01/07/2021

1,248‌

—‌

25‌

—‌

HSBC

Securities

Inc

Egypt

Treasury

Bills,

0.00%,

12/29/2020

20,300,000

Receive

3

Month

USD

LIBOR

+

0.80%

Quarterly

12/30/2020

1,259‌

—‌

22‌

—‌

Total

$

—‌

$

109‌

$

—‌

Amounts

in

thousands

except

contracts.

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

90

Short

Sales

Outstanding

COMMON

STOCKS

-

(15.73)%

Shares

Value

(000's)

Advertising

-

(0.04)%

Hakuhodo

DY

Holdings

Inc

2,600‌

$

37‌

Trade

Desk

Inc/The

347‌

313‌

$

350‌

Aerospace

&

Defense

-

(0.36)%

Boeing

Co/The

3,885‌

818‌

Dassault

Aviation

SA

258‌

264‌

General

Dynamics

Corp

1,671‌

250‌

L3Harris

Technologies

Inc

2,256‌

433‌

Raytheon

Technologies

Corp

11,387‌

816‌

Teledyne

Technologies

Inc

534‌

202‌

$

2,783‌

Agriculture

-

(0.10)%

Archer-Daniels-Midland

Co

15,972‌

795‌

Airlines

-

(0.18)%

Alaska

Air

Group

Inc

3,602‌

184‌

American

Airlines

Group

Inc

13,085‌

185‌

Delta

Air

Lines

Inc

11,225‌

452‌

Japan

Airlines

Co

Ltd

16,500‌

311‌

Southwest

Airlines

Co

3,248‌

150‌

United

Airlines

Holdings

Inc

3,938‌

177‌

$

1,459‌

Apparel

-

(0.26)%

Ralph

Lauren

Corp

5,696‌

488‌

Tapestry

Inc

18,058‌

511‌

Under

Armour

Inc

-

Class

C

29,585‌

430‌

VF

Corp

7,308‌

609‌

$

2,038‌

Automobile

Manufacturers

-

(0.21)%

General

Motors

Co

8,633‌

378‌

Honda

Motor

Co

Ltd

4,300‌

120‌

Mazda

Motor

Corp

16,500‌

97‌

PACCAR

Inc

1,679‌

146‌

Suzuki

Motor

Corp

7,900‌

424‌

Toyota

Motor

Corp

2,300‌

155‌

Volkswagen

AG

1,648‌

305‌

$

1,625‌

Automobile

Parts

&

Equipment

-

(0.11)%

Aptiv

PLC

3,591‌

426‌

Autoliv

Inc

865‌

77‌

Lear

Corp

727‌

104‌

Sumitomo

Electric

Industries

Ltd

6,100‌

70‌

Toyoda

Gosei

Co

Ltd

7,300‌

198‌

$

875‌

Banks

-

(0.49)%

Bank

of

New

York

Mellon

Corp/The

6,783‌

265‌

Citizens

Financial

Group

Inc

247‌

8‌

Comerica

Inc

622‌

31‌

Commonwealth

Bank

of

Australia

4,265‌

247‌

FinecoBank

Banca

Fineco

SpA

32,869‌

519‌

First

Republic

Bank/CA

123‌

16‌

Huntington

Bancshares

Inc/OH

25,973‌

314‌

KeyCorp

3,254‌

50‌

M&T

Bank

Corp

2,284‌

266‌

Northern

Trust

Corp

6,848‌

637‌

PNC

Financial

Services

Group

Inc/The

814‌

112‌

Regions

Financial

Corp

16,982‌

259‌

State

Street

Corp

7,876‌

555‌

Toronto-Dominion

Bank/The

3,200‌

171‌

Truist

Financial

Corp

5,866‌

272‌

US

Bancorp

2,978‌

129‌

Zions

Bancorp

NA

4,580‌

177‌

$

4,028‌

Beverages

-

(0.16)%

Asahi

Group

Holdings

Ltd

2,700‌

104‌

Brown-Forman

Corp

-

B

Shares

7,319‌

590‌

Coca-Cola

European

Partners

PLC

4,256‌

190‌

Ito

En

Ltd

700‌

54‌

Kirin

Holdings

Co

Ltd

1,300‌

28‌

COMMON

STOCKS

(continued)

Shares

Value

(000’s)

Beverages

(continued)

Remy

Cointreau

SA

1,798‌

$

320‌

$

1,286‌

Biotechnology

-

(0.31)%

Alnylam

Pharmaceuticals

Inc

282‌

37‌

Argenx

SE

1,182‌

339‌

Biogen

Inc

161‌

39‌

Bio-Rad

Laboratories

Inc

1,287‌

693‌

Corteva

Inc

15,379‌

589‌

Incyte

Corp

1,535‌

130‌

Vertex

Pharmaceuticals

Inc

2,345‌

534‌

$

2,361‌

Building

Materials

-

(0.17)%

Cie

de

Saint-Gobain

8,005‌

379‌

CRH

PLC

9,587‌

377‌

Investment

AB

Latour

15,433‌

407‌

Owens

Corning

2,135‌

156‌

Vulcan

Materials

Co

181‌

25‌

$

1,344‌

Chemicals

-

(0.42)%

Air

Products

and

Chemicals

Inc

2,419‌

678‌

Albemarle

Corp

8,026‌

1,091‌

Dow

Inc

733‌

39‌

International

Flavors

&

Fragrances

Inc

6,328‌

709‌

LANXESS

AG

2,974‌

207‌

Nippon

Paint

Holdings

Co

Ltd

3,300‌

423‌

Umicore

SA

3,117‌

140‌

$

3,287‌

Commercial

Services

-

(0.46)%

AMERCO

332‌

138‌

Atlantia

SpA

12,814‌

235‌

Automatic

Data

Processing

Inc

825‌

143‌

Equifax

Inc

1,001‌

167‌

FleetCor

Technologies

Inc

1,323‌

351‌

Global

Payments

Inc

4,057‌

792‌

GMO

Payment

Gateway

Inc

1,600‌

224‌

IHS

Markit

Ltd

1,147‌

114‌

MarketAxess

Holdings

Inc

552‌

298‌

Nihon

M&A

Center

Inc

5,500‌

384‌

Rollins

Inc

5,657‌

323‌

Transurban

Group

27,398‌

283‌

Worldline

SA/France

1,488‌

138‌

$

3,590‌

Computers

-

(0.45)%

Atos

SE

5,887‌

537‌

DXC

Technology

Co

23,653‌

518‌

Fortinet

Inc

5,599‌

690‌

Hewlett

Packard

Enterprise

Co

50,353‌

556‌

International

Business

Machines

Corp

384‌

47‌

Leidos

Holdings

Inc

2,632‌

265‌

NEC

Corp

3,250‌

175‌

Western

Digital

Corp

16,284‌

731‌

$

3,519‌

Consumer

Products

-

(0.04)%

Avery

Dennison

Corp

1,025‌

153‌

Church

&

Dwight

Co

Inc

2,019‌

177‌

$

330‌

Cosmetics

&

Personal

Care

-

(0.07)%

Shiseido

Co

Ltd

8,200‌

579‌

Distribution

&

Wholesale

-

(0.18)%

Copart

Inc

4,199‌

485‌

Fastenal

Co

7,056‌

349‌

Mitsubishi

Corp

16,100‌

374‌

Pool

Corp

760‌

263‌

WW

Grainger

Inc

69‌

29‌

$

1,500‌

Diversified

Financial

Services

-

(0.51)%

Afterpay

Ltd

3,191‌

222‌

American

Express

Co

3,245‌

384‌

Ameriprise

Financial

Inc

1,818‌

337‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

91

Short

Sales

Outstanding

COMMON

STOCKS

(continued)

Shares

Value

(000’s)

Diversified

Financial

Services

(continued)

Capital

One

Financial

Corp

3,683‌

$

315‌

Charles

Schwab

Corp/The

8,986‌

438‌

CME

Group

Inc

919‌

161‌

Japan

Exchange

Group

Inc

22,500‌

557‌

London

Stock

Exchange

Group

PLC

1,242‌

134‌

Raymond

James

Financial

Inc

6,123‌

557‌

St

James's

Place

PLC

33,946‌

455‌

TMX

Group

Ltd

4,200‌

413‌

Tokyo

Century

Corp

1,400‌

92‌

$

4,065‌

Electric

-

(0.94)%

Alliant

Energy

Corp

4,535‌

239‌

Ameren

Corp

3,943‌

307‌

American

Electric

Power

Co

Inc

3,355‌

285‌

CenterPoint

Energy

Inc

5,874‌

136‌

Chugoku

Electric

Power

Co

Inc/The

43,000‌

546‌

CMS

Energy

Corp

4,706‌

290‌

Consolidated

Edison

Inc

7,069‌

539‌

DTE

Energy

Co

3,109‌

391‌

Duke

Energy

Corp

924‌

86‌

E.ON

SE

10,550‌

114‌

Edison

International

6,692‌

411‌

EDP

-

Energias

de

Portugal

SA

21,505‌

115‌

Emera

Inc

7,500‌

311‌

Entergy

Corp

4,030‌

439‌

Evergy

Inc

3,105‌

172‌

Eversource

Energy

3,567‌

312‌

FirstEnergy

Corp

7,425‌

197‌

Kyushu

Electric

Power

Co

Inc

13,900‌

117‌

NextEra

Energy

Inc

888‌

65‌

Pinnacle

West

Capital

Corp

4,851‌

397‌

PPL

Corp

6,862‌

195‌

Public

Service

Enterprise

Group

Inc

2,040‌

119‌

RWE

AG

8,065‌

334‌

Sempra

Energy

1,603‌

204‌

Southern

Co/The

144‌

9‌

WEC

Energy

Group

Inc

2,292‌

218‌

Xcel

Energy

Inc

8,881‌

598‌

$

7,146‌

Electrical

Components

&

Equipment

-

(0.05)%

Prysmian

SpA

11,471‌

378‌

Electronics

-

(0.25)%

Allegion

plc

4,954‌

565‌

Amphenol

Corp

629‌

82‌

Keysight

Technologies

Inc

5,589‌

671‌

Mettler-Toledo

International

Inc

46‌

53‌

Murata

Manufacturing

Co

Ltd

4,100‌

357‌

Waters

Corp

553‌

128‌

$

1,856‌

Energy

-

Alternate

Sources

-

(0.12)%

Siemens

Gamesa

Renewable

Energy

SA

14,217‌

510‌

Sunrun

Inc

6,098‌

391‌

$

901‌

Engineering

&

Construction

-

(0.46)%

ACS

Actividades

de

Construccion

y

Servicios

SA

4,809‌

152‌

CIMIC

Group

Ltd

823‌

15‌

Ferrovial

SA

26,994‌

754‌

Jacobs

Engineering

Group

Inc

14,878‌

1,604‌

Japan

Airport

Terminal

Co

Ltd

12,000‌

695‌

Kajima

Corp

20,600‌

270‌

Lendlease

Corp

Ltd

3,687‌

38‌

Skanska

AB

5,090‌

121‌

$

3,649‌

Entertainment

-

(0.27)%

Flutter

Entertainment

PLC

3,568‌

662‌

GVC

Holdings

PLC

6,159‌

85‌

Live

Nation

Entertainment

Inc

7,716‌

506‌

Oriental

Land

Co

Ltd/Japan

1,950‌

331‌

COMMON

STOCKS

(continued)

Shares

Value

(000’s)

Entertainment

(continued)

Vail

Resorts

Inc

1,882‌

$

519‌

$

2,103‌

Food

-

(0.28)%

Ajinomoto

Co

Inc

1,600‌

33‌

Barry

Callebaut

AG

134‌

289‌

Hershey

Co/The

543‌

80‌

Hormel

Foods

Corp

6,258‌

295‌

J

M

Smucker

Co/The

983‌

115‌

Kellogg

Co

993‌

63‌

Kraft

Heinz

Co/The

4,373‌

144‌

Kroger

Co/The

11,986‌

396‌

McCormick

&

Co

Inc/MD

183‌

34‌

Metro

Inc/CN

1,400‌

64‌

Mondelez

International

Inc

2,930‌

168‌

NH

Foods

Ltd

3,100‌

132‌

Ocado

Group

PLC

13,007‌

382‌

$

2,195‌

Forest

Products

&

Paper

-

(0.15)%

Stora

Enso

Oyj

8,893‌

150‌

Svenska

Cellulosa

AB

SCA

62,548‌

1,015‌

$

1,165‌

Gas

-

(0.10)%

Atmos

Energy

Corp

8,164‌

783‌

Naturgy

Energy

Group

SA

1,342‌

31‌

$

814‌

Hand

&

Machine

Tools

-

(0.01)%

Snap-on

Inc

227‌

40‌

Healthcare

-

Products

-

(0.42)%

ABIOMED

Inc

1,537‌

421‌

Alcon

Inc

1,430‌

91‌

Align

Technology

Inc

490‌

236‌

Ambu

A/S

5,062‌

169‌

Baxter

International

Inc

826‌

63‌

Boston

Scientific

Corp

6,366‌

211‌

Cooper

Cos

Inc/The

1,328‌

445‌

Edwards

Lifesciences

Corp

5,825‌

489‌

Insulet

Corp

432‌

111‌

Intuitive

Surgical

Inc

370‌

269‌

Teleflex

Inc

1,052‌

403‌

Zimmer

Biomet

Holdings

Inc

2,992‌

446‌

$

3,354‌

Healthcare

-

Services

-

(0.28)%

BioMerieux

1,926‌

277‌

Catalent

Inc

10,310‌

991‌

Centene

Corp

1,823‌

112‌

Fresenius

Medical

Care

AG

&

Co

KGaA

1,925‌

162‌

Fresenius

SE

&

Co

KGaA

1,883‌

84‌

HCA

Healthcare

Inc

380‌

57‌

IQVIA

Holdings

Inc

3,108‌

525‌

$

2,208‌

Holding

Companies

-

Diversified

-

(0.06)%

Washington

H

Soul

Pattinson

&

Co

Ltd

21,372‌

456‌

Home

Builders

-

(0.10)%

Daiwa

House

Industry

Co

Ltd

8,400‌

257‌

NVR

Inc

144‌

576‌

$

833‌

Home

Furnishings

-

(0.13)%

Electrolux

AB

5,992‌

144‌

Panasonic

Corp

7,900‌

84‌

Sony

Corp

6,200‌

578‌

Whirlpool

Corp

1,392‌

271‌

$

1,077‌

Insurance

-

(0.61)%

Aflac

Inc

3,104‌

136‌

Allstate

Corp/The

571‌

58‌

Assurant

Inc

936‌

121‌

Athene

Holding

Ltd

2,088‌

93‌

Berkshire

Hathaway

Inc

-

Class

B

2,673‌

612‌

Chubb

Ltd

1,354‌

200‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

92

Short

Sales

Outstanding

COMMON

STOCKS

(continued)

Shares

Value

(000’s)

Insurance

(continued)

Dai-ichi

Life

Holdings

Inc

7,000‌

$

110‌

Everest

Re

Group

Ltd

339‌

77‌

Globe

Life

Inc

1,666‌

155‌

Hartford

Financial

Services

Group

Inc/The

3,994‌

177‌

Japan

Post

Insurance

Co

Ltd

26,700‌

444‌

Lincoln

National

Corp

6,840‌

323‌

Loews

Corp

7,575‌

317‌

Progressive

Corp/The

1,327‌

116‌

Prudential

Financial

Inc

3,605‌

273‌

Travelers

Cos

Inc/The

412‌

53‌

Unum

Group

14,792‌

329‌

Voya

Financial

Inc

8,964‌

517‌

Willis

Towers

Watson

PLC

2,929‌

610‌

$

4,721‌

Internet

-

(0.43)%

Booking

Holdings

Inc

357‌

724‌

Etsy

Inc

4,386‌

705‌

Expedia

Group

Inc

4,942‌

615‌

Iliad

SA

2,558‌

519‌

Netflix

Inc

478‌

235‌

Rakuten

Inc

2,400‌

27‌

Wayfair

Inc

774‌

197‌

Z

Holdings

Corp

43,500‌

274‌

$

3,296‌

Investment

Companies

-

(0.04)%

EXOR

NV

832‌

58‌

Kinnevik

AB

-

Class

B

2,943‌

147‌

L

E

Lundbergforetagen

AB

1,241‌

64‌

$

269‌

Iron

&

Steel

-

(0.06)%

Hitachi

Metals

Ltd

30,700‌

449‌

Leisure

Products

&

Services

-

(0.12)%

Carnival

Corp

9,544‌

191‌

Norwegian

Cruise

Line

Holdings

Ltd

9,385‌

215‌

Peloton

Interactive

Inc

2,294‌

267‌

Royal

Caribbean

Cruises

Ltd

3,878‌

306‌

$

979‌

Lodging

-

(0.31)%

City

Developments

Ltd

36,300‌

209‌

Crown

Resorts

Ltd

28,451‌

202‌

Hilton

Worldwide

Holdings

Inc

1,487‌

154‌

Las

Vegas

Sands

Corp

12,962‌

722‌

Melco

Resorts

&

Entertainment

Ltd

ADR

2,570‌

47‌

MGM

Resorts

International

10,446‌

295‌

Whitbread

PLC

6,376‌

256‌

Wynn

Resorts

Ltd

4,540‌

457‌

$

2,342‌

Machinery

-

Construction

&

Mining

-

(0.07)%

Hitachi

Construction

Machinery

Co

Ltd

11,600‌

320‌

Hitachi

Ltd

5,300‌

201‌

$

521‌

Machinery

-

Diversified

-

(0.43)%

CNH

Industrial

NV

35,208‌

384‌

Daifuku

Co

Ltd

2,800‌

324‌

Deere

&

Co

604‌

158‌

Ingersoll

Rand

Inc

17,591‌

779‌

KION

Group

AG

732‌

56‌

KION

Group

AG

-

Rights

732‌

—‌

Otis

Worldwide

Corp

4,791‌

321‌

Rockwell

Automation

Inc

1,264‌

323‌

Westinghouse

Air

Brake

Technologies

Corp

3,963‌

290‌

Xylem

Inc/NY

7,391‌

709‌

$

3,344‌

Media

-

(0.24)%

Altice

USA

Inc

2,656‌

90‌

Discovery

Inc

-

A

Shares

3,998‌

108‌

Liberty

Broadband

Corp

-

C

Shares

5,401‌

850‌

Liberty

Global

PLC

-

A

Shares

8,458‌

190‌

News

Corp

-

A

Shares

13,296‌

235‌

COMMON

STOCKS

(continued)

Shares

Value

(000’s)

Media

(continued)

Pearson

PLC

45,816‌

$

390‌

ViacomCBS

Inc

-

Class

B

1,230‌

44‌

Walt

Disney

Co/The

571‌

84‌

$

1,991‌

Metal

Fabrication

&

Hardware

-

(0.04)%

SKF

AB

13,108‌

324‌

Mining

-

(0.16)%

Anglo

American

PLC

6,046‌

176‌

Cameco

Corp

8,300‌

83‌

Freeport-McMoRan

Inc

17,561‌

411‌

Lundin

Mining

Corp

39,900‌

319‌

Northern

Star

Resources

Ltd

20,289‌

188‌

Teck

Resources

Ltd

7,500‌

118‌

$

1,295‌

Miscellaneous

Manufacturers

-

(0.29)%

A

O

Smith

Corp

4,756‌

268‌

Eaton

Corp

PLC

1,081‌

131‌

General

Electric

Co

56,357‌

574‌

Illinois

Tool

Works

Inc

145‌

31‌

JSR

Corp

23,100‌

640‌

Orica

Ltd

6,711‌

80‌

Smiths

Group

PLC

5,686‌

109‌

Textron

Inc

12,433‌

561‌

$

2,394‌

Office

&

Business

Equipment

-

(0.16)%

FUJIFILM

Holdings

Corp

7,700‌

414‌

Ricoh

Co

Ltd

45,900‌

306‌

Seiko

Epson

Corp

3,600‌

54‌

Xerox

Holdings

Corp

13,832‌

303‌

Zebra

Technologies

Corp

361‌

137‌

$

1,214‌

Oil

&

Gas

-

(0.49)%

Cabot

Oil

&

Gas

Corp

42,466‌

744‌

Canadian

Natural

Resources

Ltd

3,100‌

71‌

Concho

Resources

Inc

1,619‌

93‌

ConocoPhillips

1,514‌

60‌

Devon

Energy

Corp

25,641‌

359‌

Diamondback

Energy

Inc

8,687‌

347‌

Exxon

Mobil

Corp

2,707‌

103‌

Hess

Corp

10,742‌

507‌

HollyFrontier

Corp

7,251‌

170‌

Idemitsu

Kosan

Co

Ltd

3,200‌

66‌

Marathon

Oil

Corp

49,485‌

293‌

Marathon

Petroleum

Corp

6,734‌

262‌

Occidental

Petroleum

Corp

13,518‌

213‌

Phillips

66

2,473‌

150‌

Pioneer

Natural

Resources

Co

1,898‌

191‌

Valero

Energy

Corp

4,526‌

244‌

$

3,873‌

Oil

&

Gas

Services

-

(0.03)%

Baker

Hughes

Co

13,760‌

258‌

Packaging

&

Containers

-

(0.09)%

Ball

Corp

928‌

89‌

Packaging

Corp

of

America

1,590‌

207‌

Westrock

Co

8,520‌

360‌

$

656‌

Pharmaceuticals

-

(0.49)%

Alfresa

Holdings

Corp

12,700‌

254‌

Becton

Dickinson

and

Co

598‌

140‌

Cardinal

Health

Inc

2,471‌

135‌

Cigna

Corp

820‌

171‌

DexCom

Inc

1,891‌

604‌

Eisai

Co

Ltd

2,000‌

151‌

Eli

Lilly

and

Co

210‌

31‌

Galapagos

NV

4,756‌

583‌

Grifols

SA

781‌

22‌

Henry

Schein

Inc

7,665‌

493‌

Perrigo

Co

PLC

16,870‌

813‌

Pfizer

Inc

6,595‌

253‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

93

Short

Sales

Outstanding

COMMON

STOCKS

(continued)

Shares

Value

(000’s)

Pharmaceuticals

(continued)

Sumitomo

Dainippon

Pharma

Co

Ltd

15,700‌

$

198‌

Taisho

Pharmaceutical

Holdings

Co

Ltd

1,100‌

70‌

Viatris

Inc

818‌

14‌

Zoetis

Inc

198‌

32‌

$

3,964‌

Pipelines

-

(0.27)%

Cheniere

Energy

Inc

2,809‌

159‌

Keyera

Corp

7,100‌

122‌

Kinder

Morgan

Inc

12,268‌

176‌

Koninklijke

Vopak

NV

4,501‌

236‌

ONEOK

Inc

20,211‌

725‌

TC

Energy

Corp

4,500‌

198‌

Williams

Cos

Inc/The

21,630‌

454‌

$

2,070‌

Real

Estate

-

(0.18)%

Aeon

Mall

Co

Ltd

19,300‌

308‌

Deutsche

Wohnen

SE

4,458‌

224‌

Hulic

Co

Ltd

7,100‌

72‌

LEG

Immobilien

AG

525‌

75‌

Nomura

Real

Estate

Holdings

Inc

2,400‌

52‌

Tokyu

Fudosan

Holdings

Corp

26,100‌

126‌

UOL

Group

Ltd

14,500‌

79‌

Vonovia

SE

5,596‌

383‌

$

1,319‌

REITs

-

(0.53)%

Digital

Realty

Trust

Inc

2,810‌

379‌

Duke

Realty

Corp

2,245‌

85‌

Equinix

Inc

888‌

620‌

Equity

Residential

2,843‌

165‌

Essex

Property

Trust

Inc

797‌

196‌

Extra

Space

Storage

Inc

1,953‌

220‌

Federal

Realty

Investment

Trust

2,510‌

219‌

Healthpeak

Properties

Inc

15,693‌

453‌

Host

Hotels

&

Resorts

Inc

8,369‌

117‌

Iron

Mountain

Inc

5,277‌

145‌

Regency

Centers

Corp

6,422‌

293‌

SL

Green

Realty

Corp

5,104‌

295‌

UDR

Inc

7,457‌

287‌

Vornado

Realty

Trust

7,624‌

297‌

Welltower

Inc

2,114‌

133‌

$

3,904‌

Retail

-

(0.67)%

Aeon

Co

Ltd

8,900‌

264‌

CarMax

Inc

7,855‌

734‌

Chipotle

Mexican

Grill

Inc

295‌

380‌

Costco

Wholesale

Corp

163‌

64‌

Dollar

Tree

Inc

3,150‌

344‌

Domino's

Pizza

Inc

1,442‌

566‌

Lululemon

Athletica

Inc

175‌

65‌

Pan

Pacific

International

Holdings

Corp

3,600‌

85‌

Ross

Stores

Inc

7,752‌

833‌

Starbucks

Corp

8,297‌

813‌

Tiffany

&

Co

3,977‌

523‌

TJX

Cos

Inc/The

9,813‌

623‌

$

5,294‌

Savings

&

Loans

-

(0.04)%

People's

United

Financial

Inc

26,700‌

331‌

Semiconductors

-

(0.43)%

Advanced

Micro

Devices

Inc

7,290‌

675‌

Analog

Devices

Inc

1,298‌

181‌

IPG

Photonics

Corp

4,458‌

923‌

Lasertec

Corp

400‌

42‌

Microchip

Technology

Inc

1,166‌

157‌

NVIDIA

Corp

8‌

4‌

NXP

Semiconductors

NV

3,600‌

570‌

ON

Semiconductor

Corp

681‌

20‌

SUMCO

Corp

28,800‌

582‌

Xilinx

Inc

2,288‌

333‌

$

3,487‌

COMMON

STOCKS

(continued)

Shares

Value

(000’s)

Shipbuilding

-

(0.04)%

Huntington

Ingalls

Industries

Inc

1,150‌

$

184‌

Wartsila

OYJ

Abp

16,775‌

158‌

$

342‌

Software

-

(0.65)%

Akamai

Technologies

Inc

2,230‌

231‌

ANSYS

Inc

586‌

198‌

Cadence

Design

Systems

Inc

1,659‌

193‌

Cerner

Corp

254‌

19‌

Dassault

Systemes

SE

1,700‌

314‌

Datadog

Inc

1,223‌

121‌

DocuSign

Inc

842‌

192‌

Dynatrace

Inc

1,227‌

47‌

Fidelity

National

Information

Services

Inc

5,005‌

743‌

Fiserv

Inc

2,244‌

258‌

Intuit

Inc

307‌

108‌

Jack

Henry

&

Associates

Inc

377‌

61‌

Konami

Holdings

Corp

700‌

36‌

MongoDB

Inc

1,540‌

442‌

MSCI

Inc

1,620‌

663‌

Nexon

Co

Ltd

13,000‌

392‌

Paycom

Software

Inc

1,173‌

489‌

Splunk

Inc

889‌

181‌

Twilio

Inc

337‌

108‌

Tyler

Technologies

Inc

948‌

405‌

$

5,201‌

Telecommunications

-

(0.39)%

Arista

Networks

Inc

2,261‌

612‌

CenturyLink

Inc

41,257‌

431‌

Corning

Inc

7,503‌

281‌

Juniper

Networks

Inc

25,510‌

555‌

KDDI

Corp

2,300‌

65‌

Motorola

Solutions

Inc

2,931‌

503‌

Nippon

Telegraph

&

Telephone

Corp

11,950‌

283‌

SES

SA

3,994‌

36‌

T-Mobile

US

Inc

1,499‌

199‌

$

2,965‌

Transportation

-

(0.28)%

Canadian

National

Railway

Co

800‌

84‌

FedEx

Corp

1,377‌

395‌

Kansas

City

Southern

912‌

170‌

Kintetsu

Group

Holdings

Co

Ltd

7,400‌

328‌

Kyushu

Railway

Co

5,900‌

124‌

MTR

Corp

Ltd

18,000‌

97‌

Nagoya

Railroad

Co

Ltd

5,100‌

140‌

Nippon

Express

Co

Ltd

4,000‌

267‌

Odakyu

Electric

Railway

Co

Ltd

4,900‌

148‌

Old

Dominion

Freight

Line

Inc

647‌

132‌

SG

Holdings

Co

Ltd

3,200‌

96‌

Yamato

Holdings

Co

Ltd

10,600‌

267‌

$

2,248‌

Water

-

(0.05)%

American

Water

Works

Co

Inc

2,574‌

395‌

TOTAL

COMMON

STOCKS

(proceeds

$105,069)

$

123,435‌

PREFERRED

STOCKS

-

(0.06)%

Shares

Value

(000's)

Automobile

Manufacturers

-

(0.05)%

Porsche

Automobil

Holding

SE

2.21%

6,279‌

$

399‌

Electronics

-

(0.01)%

Sartorius

AG

0.36%

226‌

103‌

TOTAL

PREFERRED

STOCKS

(proceeds

$465)

$

502‌

BONDS

-

(0.59)%

Principal

Amount

(000's)

Value

(000's)

Computers

-

(0.03)%

Diebold

Nixdorf

Inc

8.50%,

04/15/2024

$

190‌

$

190‌

Entertainment

-

(0.02)%

Caesars

Resort

Collection

LLC

/

CRC

Finco

Inc

5.25%,

10/15/2025

188‌

188‌

Consolidated

Schedule

of

Investments

Global

Multi-Strategy

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

94

Short

Sales

Outstanding

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Media

-

(0.04)%

Clear

Channel

Worldwide

Holdings

Inc

9.25%,

02/15/2024

$

337‌

$

337‌

Sovereign

-

(0.50)%

Republic

of

South

Africa

Government

International

Bond

4.85%,

09/27/2027

3,071‌

3,226‌

Turkey

Government

International

Bond

11.88%,

01/15/2030

497‌

699‌

$

3,925‌

TOTAL

BONDS

(proceeds

$4,220)

$

4,640‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

-

(10.88)%

Principal

Amount

(000's)

Value

(000's)

U.S.

Treasury

-

(9.85)%

0.13%,

09/30/2022

$

29,979‌

$

29,970‌

0.63%,

08/15/2030

3,692‌

3,620‌

1.13%,

02/28/2022

20,686‌

20,949‌

1.25%,

05/15/2050

4,332‌

3,997‌

2.25%,

02/15/2027

16,937‌

18,735‌

$

77,271‌

U.S.

Treasury

Inflation-Indexed

Obligations

-

(1.03)%

0.13%,

10/15/2025

7,564‌

8,117‌

TOTAL

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

(proceeds

$85,419)

$

85,388‌

TOTAL

SHORT

SALES

(proceeds

$195,173)

$

213,965‌

Schedule

of

Investments

International

Equity

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

95

INVESTMENT

COMPANIES

-

2

.05

%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

1

.22

%

iShares

MSCI

EAFE

ETF

197,500‌

$

13,855‌

Money

Market

Funds

-

0

.83

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.04%

(a),(b)

3,822,117‌

3,822‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

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

5,678,883‌

5,679‌

$

9,501‌

TOTAL

INVESTMENT

COMPANIES

$

23,356‌

COMMON

STOCKS

-

97

.62

%

Shares

Held

Value

(000's)

Advertising

-

0

.21

%

Dentsu

Group

Inc

16,000‌

$

517‌

Hakuhodo

DY

Holdings

Inc

17,300‌

248‌

Publicis

Groupe

SA

16,055‌

724‌

WPP

PLC

90,800‌

875‌

$

2,364‌

Aerospace

&

Defense

-

1

.10

%

Airbus

SE

(d)

43,576‌

4,556‌

BAE

Systems

PLC

238,363‌

1,590‌

Dassault

Aviation

SA

(d)

186‌

190‌

Elbit

Systems

Ltd

1,965‌

252‌

MTU

Aero

Engines

AG

3,935‌

927‌

Rolls-Royce

Holdings

PLC

(d)

620,053‌

859‌

Safran

SA

(d)

23,746‌

3,461‌

Thales

SA

7,897‌

724‌

$

12,559‌

Agriculture

-

0

.88

%

British

American

Tobacco

PLC

170,006‌

5,985‌

Imperial

Brands

PLC

70,131‌

1,266‌

Japan

Tobacco

Inc

89,000‌

1,802‌

Swedish

Match

AB

12,020‌

972‌

$

10,025‌

Airlines

-

0

.11

%

ANA

Holdings

Inc

(e)

8,500‌

204‌

Deutsche

Lufthansa

AG

(d)

22,164‌

256‌

Japan

Airlines

Co

Ltd

10,400‌

196‌

Qantas

Airways

Ltd

68,480‌

269‌

Singapore

Airlines

Ltd

(d)

99,400‌

320‌

$

1,245‌

Apparel

-

2

.12

%

Adidas

AG

(d)

14,109‌

4,503‌

Burberry

Group

PLC

29,990‌

687‌

Hermes

International

2,347‌

2,284‌

Kering

SA

5,615‌

4,054‌

LVMH

Moet

Hennessy

Louis

Vuitton

SE

20,572‌

11,816‌

Puma

SE

(d)

7,266‌

720‌

$

24,064‌

Automobile

Manufacturers

-

2

.82

%

Bayerische

Motoren

Werke

AG

24,536‌

2,129‌

Daimler

AG

63,422‌

4,246‌

Ferrari

NV

9,341‌

1,979‌

Fiat

Chrysler

Automobiles

NV

(d)

81,652‌

1,277‌

Hino

Motors

Ltd

21,200‌

183‌

Honda

Motor

Co

Ltd

120,900‌

3,364‌

Isuzu

Motors

Ltd

40,900‌

398‌

Mazda

Motor

Corp

42,100‌

249‌

Nissan

Motor

Co

Ltd

172,000‌

814‌

Peugeot

SA

(d)

43,582‌

1,022‌

Renault

SA

(d)

14,244‌

566‌

Subaru

Corp

45,600‌

905‌

Suzuki

Motor

Corp

27,300‌

1,464‌

Toyota

Motor

Corp

157,200‌

10,609‌

Volkswagen

AG

2,406‌

445‌

Volvo

AB

-

B

Shares

(d)

105,523‌

2,403‌

$

32,053‌

Automobile

Parts

&

Equipment

-

0

.85

%

Aisin

Seiki

Co

Ltd

12,000‌

355‌

Bridgestone

Corp

39,700‌

1,382‌

Cie

Generale

des

Etablissements

Michelin

SCA

12,576‌

1,564‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Automobile

Parts

&

Equipment

(continued)

Continental

AG

8,152‌

$

1,104‌

Denso

Corp

32,200‌

1,518‌

Faurecia

SE

(d)

6,136‌

304‌

Koito

Manufacturing

Co

Ltd

7,700‌

462‌

NGK

Insulators

Ltd

19,000‌

302‌

NGK

Spark

Plug

Co

Ltd

11,300‌

204‌

Stanley

Electric

Co

Ltd

9,700‌

284‌

Sumitomo

Electric

Industries

Ltd

55,900‌

637‌

Toyoda

Gosei

Co

Ltd

4,800‌

130‌

Toyota

Industries

Corp

10,800‌

778‌

Valeo

SA

16,969‌

655‌

$

9,679‌

Banks

-

8

.59

%

ABN

AMRO

Bank

NV

(d),(f)

31,346‌

321‌

Australia

&

New

Zealand

Banking

Group

Ltd

210,164‌

3,476‌

Banco

Bilbao

Vizcaya

Argentaria

SA

494,098‌

2,288‌

Banco

Espirito

Santo

SA

(d),(g),(h)

131,709‌

—‌

Banco

Santander

SA

(d)

1,230,220‌

3,568‌

Banco

Santander

SA

-

Rights

(d)

1,259,056‌

157‌

Bank

Hapoalim

BM

(d)

84,144‌

551‌

Bank

Leumi

Le-Israel

BM

107,662‌

605‌

Bank

of

East

Asia

Ltd/The

97,000‌

215‌

Bank

of

Kyoto

Ltd/The

4,200‌

209‌

Banque

Cantonale

Vaudoise

2,232‌

230‌

Barclays

PLC

1,285,462‌

2,281‌

BNP

Paribas

SA

(d)

83,351‌

4,243‌

BOC

Hong

Kong

Holdings

Ltd

274,500‌

893‌

CaixaBank

SA

265,939‌

680‌

Chiba

Bank

Ltd/The

39,200‌

221‌

Commerzbank

AG

(d)

74,241‌

458‌

Commonwealth

Bank

of

Australia

131,177‌

7,607‌

Concordia

Financial

Group

Ltd

76,200‌

269‌

Credit

Agricole

SA

(d)

85,504‌

987‌

Credit

Suisse

Group

AG

181,380‌

2,297‌

Danske

Bank

A/S

(d)

51,112‌

841‌

DBS

Group

Holdings

Ltd

133,100‌

2,483‌

Deutsche

Bank

AG

(d)

145,493‌

1,613‌

DNB

ASA

70,262‌

1,267‌

Erste

Group

Bank

AG

20,703‌

594‌

FinecoBank

Banca

Fineco

SpA

(d)

45,169‌

713‌

Fukuoka

Financial

Group

Inc

12,700‌

225‌

Hang

Seng

Bank

Ltd

56,600‌

984‌

HSBC

Holdings

PLC

1,509,219‌

7,766‌

ING

Groep

NV

(d)

289,042‌

2,811‌

Intesa

Sanpaolo

SpA

(d)

1,225,392‌

2,839‌

Israel

Discount

Bank

Ltd

86,256‌

292‌

Japan

Post

Bank

Co

Ltd

30,000‌

235‌

KBC

Group

NV

(d)

18,514‌

1,289‌

Lloyds

Banking

Group

PLC

(d)

5,245,463‌

2,463‌

Macquarie

Group

Ltd

25,447‌

2,588‌

Mediobanca

Banca

di

Credito

Finanziario

SpA

(d)

46,023‌

413‌

Mitsubishi

UFJ

Financial

Group

Inc

905,900‌

3,866‌

Mizrahi

Tefahot

Bank

Ltd

10,395‌

222‌

Mizuho

Financial

Group

Inc

178,780‌

2,265‌

National

Australia

Bank

Ltd

243,798‌

4,056‌

Natixis

SA

(d)

70,159‌

216‌

Natwest

Group

PLC

359,389‌

729‌

Nordea

Bank

Abp

(d)

240,085‌

2,052‌

Oversea-Chinese

Banking

Corp

Ltd

245,100‌

1,827‌

Raiffeisen

Bank

International

AG

(d)

10,969‌

209‌

Resona

Holdings

Inc

153,700‌

536‌

Shinsei

Bank

Ltd

11,500‌

136‌

Shizuoka

Bank

Ltd/The

30,900‌

218‌

Skandinaviska

Enskilda

Banken

AB

(d)

120,602‌

1,273‌

Societe

Generale

SA

(d)

60,074‌

1,191‌

Standard

Chartered

PLC

198,796‌

1,181‌

Sumitomo

Mitsui

Financial

Group

Inc

96,800‌

2,783‌

Sumitomo

Mitsui

Trust

Holdings

Inc

25,044‌

727‌

Svenska

Handelsbanken

AB

(d)

115,289‌

1,168‌

Schedule

of

Investments

International

Equity

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

96

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Banks

(continued)

Swedbank

AB

(d)

67,107‌

$

1,215‌

UBS

Group

AG

271,663‌

3,853‌

UniCredit

SpA

(d)

157,495‌

1,635‌

United

Overseas

Bank

Ltd

87,200‌

1,450‌

Westpac

Banking

Corp

267,630‌

3,925‌

$

97,705‌

Beverages

-

2

.11

%

Anheuser-Busch

InBev

SA/NV

56,463‌

3,764‌

Asahi

Group

Holdings

Ltd

33,600‌

1,291‌

Budweiser

Brewing

Co

APAC

Ltd

(f)

127,500‌

438‌

Carlsberg

AS

7,634‌

1,137‌

Coca-Cola

Amatil

Ltd

37,555‌

348‌

Coca-Cola

Bottlers

Japan

Holdings

Inc

9,100‌

139‌

Coca-Cola

European

Partners

PLC

15,146‌

677‌

Coca-Cola

HBC

AG

(d)

14,841‌

424‌

Davide

Campari-Milano

NV

43,039‌

501‌

Diageo

PLC

173,209‌

6,668‌

Heineken

Holding

NV

8,538‌

787‌

Heineken

NV

(e)

19,208‌

2,025‌

Ito

En

Ltd

3,900‌

301‌

JDE

Peet's

BV

(d)

5,553‌

214‌

Kirin

Holdings

Co

Ltd

61,000‌

1,324‌

Pernod

Ricard

SA

15,525‌

2,966‌

Remy

Cointreau

SA

1,673‌

298‌

Suntory

Beverage

&

Food

Ltd

10,300‌

376‌

Treasury

Wine

Estates

Ltd

53,447‌

335‌

$

24,013‌

Biotechnology

-

0

.91

%

Argenx

SE

(d)

3,309‌

948‌

CSL

Ltd

33,672‌

7,374‌

Genmab

A/S

(d)

4,846‌

1,863‌

H

Lundbeck

A/S

5,166‌

158‌

$

10,343‌

Building

Materials

-

1

.84

%

AGC

Inc

14,300‌

475‌

Cie

de

Saint-Gobain

(d)

38,344‌

1,816‌

CRH

PLC

58,167‌

2,288‌

Daikin

Industries

Ltd

18,500‌

4,190‌

Geberit

AG

2,745‌

1,652‌

HeidelbergCement

AG

11,028‌

780‌

Investment

AB

Latour

(e)

10,971‌

289‌

James

Hardie

Industries

PLC

(d)

32,852‌

951‌

Kingspan

Group

PLC

(d)

11,422‌

988‌

LafargeHolcim

Ltd

(d)

38,796‌

2,036‌

Lixil

Corp

19,700‌

471‌

Nibe

Industrier

AB

23,109‌

652‌

Rinnai

Corp

2,700‌

315‌

ROCKWOOL

International

A/S

597‌

218‌

Sika

AG

10,507‌

2,674‌

Taiheiyo

Cement

Corp

8,500‌

228‌

TOTO

Ltd

10,500‌

594‌

Xinyi

Glass

Holdings

Ltd

134,000‌

301‌

$

20,918‌

Chemicals

-

3

.40

%

Air

Liquide

SA

35,089‌

5,734‌

Air

Water

Inc

13,600‌

224‌

Akzo

Nobel

NV

14,299‌

1,514‌

Arkema

SA

5,119‌

596‌

Asahi

Kasei

Corp

93,000‌

850‌

BASF

SE

68,061‌

4,976‌

Brenntag

AG

11,449‌

877‌

Chr

Hansen

Holding

A/S

(d)

7,817‌

759‌

Clariant

AG

14,759‌

296‌

Covestro

AG

(f)

13,599‌

757‌

Croda

International

PLC

10,337‌

814‌

EMS-Chemie

Holding

AG

607‌

554‌

Evonik

Industries

AG

15,540‌

469‌

Givaudan

SA

685‌

2,806‌

ICL

Group

Ltd

52,191‌

248‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Chemicals

(continued)

Johnson

Matthey

PLC

14,342‌

$

423‌

Kansai

Paint

Co

Ltd

13,100‌

395‌

Koninklijke

DSM

NV

12,772‌

2,086‌

Kuraray

Co

Ltd

23,600‌

234‌

LANXESS

AG

6,157‌

428‌

Mitsubishi

Chemical

Holdings

Corp

94,900‌

522‌

Mitsubishi

Gas

Chemical

Co

Inc

11,700‌

248‌

Mitsui

Chemicals

Inc

13,600‌

380‌

Nippon

Paint

Holdings

Co

Ltd

10,900‌

1,397‌

Nippon

Sanso

Holdings

Corp

11,200‌

186‌

Nissan

Chemical

Corp

9,200‌

549‌

Nitto

Denko

Corp

11,800‌

973‌

Novozymes

A/S

15,424‌

881‌

Shin-Etsu

Chemical

Co

Ltd

26,300‌

4,309‌

Solvay

SA

5,493‌

627‌

Sumitomo

Chemical

Co

Ltd

110,500‌

390‌

Symrise

AG

9,534‌

1,195‌

Toray

Industries

Inc

102,700‌

554‌

Tosoh

Corp

19,200‌

301‌

Umicore

SA

14,607‌

655‌

Yara

International

ASA

12,915‌

524‌

$

38,731‌

Commercial

Services

-

2

.82

%

Adecco

Group

AG

11,484‌

694‌

Adyen

NV

(d),(f)

1,345‌

2,569‌

Amadeus

IT

Group

SA

33,384‌

2,296‌

Ashtead

Group

PLC

33,296‌

1,405‌

Atlantia

SpA

(d)

36,716‌

672‌

Brambles

Ltd

111,425‌

899‌

Bureau

Veritas

SA

21,769‌

563‌

Dai

Nippon

Printing

Co

Ltd

18,000‌

336‌

Edenred

18,271‌

1,044‌

Experian

PLC

67,909‌

2,406‌

GMO

Payment

Gateway

Inc

3,000‌

421‌

Intertek

Group

PLC

11,960‌

876‌

Nexi

SpA

(d),(f)

32,565‌

615‌

Nihon

M&A

Center

Inc

11,200‌

783‌

Persol

Holdings

Co

Ltd

13,100‌

239‌

Randstad

NV

(d)

8,830‌

546‌

Recruit

Holdings

Co

Ltd

94,300‌

3,953‌

RELX

PLC

143,145‌

3,313‌

Rentokil

Initial

PLC

(d)

137,409‌

910‌

Secom

Co

Ltd

15,600‌

1,557‌

Securitas

AB

23,204‌

382‌

SGS

SA

449‌

1,282‌

Sohgo

Security

Services

Co

Ltd

5,200‌

279‌

Toppan

Printing

Co

Ltd

19,400‌

264‌

Transurban

Group

202,758‌

2,092‌

Worldline

SA/France

(d),(f)

17,739‌

1,642‌

$

32,038‌

Computers

-

1

.15

%

Atos

SE

(d)

7,335‌

670‌

Bechtle

AG

2,022‌

441‌

Capgemini

SE

11,929‌

1,660‌

Check

Point

Software

Technologies

Ltd

(d)

8,312‌

978‌

Computershare

Ltd

36,073‌

378‌

CyberArk

Software

Ltd

(d)

2,870‌

330‌

Fujitsu

Ltd

14,600‌

2,020‌

Itochu

Techno-Solutions

Corp

7,100‌

250‌

Logitech

International

SA

12,187‌

1,086‌

NEC

Corp

19,200‌

1,034‌

Nomura

Research

Institute

Ltd

23,643‌

800‌

NTT

Data

Corp

46,700‌

620‌

Obic

Co

Ltd

5,200‌

1,169‌

SCSK

Corp

3,800‌

227‌

Teleperformance

4,352‌

1,447‌

$

13,110‌

Schedule

of

Investments

International

Equity

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

97

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Consumer

Products

-

0

.47

%

Henkel

AG

&

Co

KGaA

7,701‌

$

743‌

Reckitt

Benckiser

Group

PLC

52,702‌

4,600‌

$

5,343‌

Cosmetics

&

Personal

Care

-

2

.50

%

Beiersdorf

AG

7,470‌

837‌

Essity

AB

45,095‌

1,433‌

Kao

Corp

35,800‌

2,684‌

Kose

Corp

2,500‌

381‌

Lion

Corp

16,600‌

393‌

L'Oreal

SA

18,650‌

6,865‌

Pigeon

Corp

8,500‌

379‌

Pola

Orbis

Holdings

Inc

6,700‌

134‌

Shiseido

Co

Ltd

29,700‌

2,096‌

Unicharm

Corp

29,900‌

1,452‌

Unilever

PLC

194,830‌

11,833‌

$

28,487‌

Distribution

&

Wholesale

-

1

.05

%

Bunzl

PLC

24,964‌

778‌

Ferguson

PLC

16,666‌

1,866‌

ITOCHU

Corp

99,900‌

2,636‌

Marubeni

Corp

122,300‌

710‌

Mitsubishi

Corp

99,200‌

2,305‌

Mitsui

&

Co

Ltd

120,900‌

2,054‌

Sumitomo

Corp

88,100‌

1,078‌

Toyota

Tsusho

Corp

15,700‌

541‌

$

11,968‌

Diversified

Financial

Services

-

1

.81

%

Acom

Co

Ltd

29,600‌

142‌

Afterpay

Ltd

(d)

15,755‌

1,098‌

AMP

Ltd

254,656‌

319‌

Amundi

SA

(d),(f)

4,495‌

358‌

ASX

Ltd

14,346‌

811‌

Daiwa

Securities

Group

Inc

107,100‌

465‌

Deutsche

Boerse

AG

14,080‌

2,345‌

Hargreaves

Lansdown

PLC

24,604‌

466‌

Hong

Kong

Exchanges

&

Clearing

Ltd

89,200‌

4,430‌

Japan

Exchange

Group

Inc

37,700‌

933‌

Julius

Baer

Group

Ltd

16,586‌

956‌

London

Stock

Exchange

Group

PLC

23,439‌

2,528‌

Magellan

Financial

Group

Ltd

9,524‌

413‌

Mitsubishi

UFJ

Lease

&

Finance

Co

Ltd

29,800‌

137‌

Nomura

Holdings

Inc

233,100‌

1,169‌

ORIX

Corp

97,300‌

1,440‌

SBI

Holdings

Inc/Japan

17,590‌

475‌

Schroders

PLC

9,213‌

394‌

Singapore

Exchange

Ltd

59,600‌

393‌

St

James's

Place

PLC

39,797‌

533‌

Standard

Life

Aberdeen

PLC

166,172‌

593‌

Tokyo

Century

Corp

3,100‌

204‌

$

20,602‌

Electric

-

3

.19

%

AGL

Energy

Ltd

46,177‌

456‌

AusNet

Services

139,052‌

189‌

Chubu

Electric

Power

Co

Inc

47,700‌

573‌

Chugoku

Electric

Power

Co

Inc/The

21,500‌

273‌

CLP

Holdings

Ltd

121,500‌

1,141‌

E.ON

SE

166,367‌

1,800‌

EDP

-

Energias

de

Portugal

SA

205,797‌

1,100‌

Electricite

de

France

SA

(d)

45,998‌

699‌

Elia

Group

SA/NV

2,290‌

259‌

Endesa

SA

23,537‌

677‌

Enel

SpA

602,691‌

6,047‌

Engie

SA

(d)

135,343‌

1,992‌

Fortum

Oyj

32,913‌

754‌

HK

Electric

Investments

&

HK

Electric

Investments

Ltd

196,000‌

197‌

Iberdrola

SA

447,018‌

6,137‌

Kansai

Electric

Power

Co

Inc/The

52,100‌

476‌

Kyushu

Electric

Power

Co

Inc

28,100‌

237‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Electric

(continued)

Mercury

NZ

Ltd

50,475‌

$

212‌

Meridian

Energy

Ltd

94,946‌

428‌

National

Grid

PLC

260,848‌

2,921‌

Origin

Energy

Ltd

130,508‌

495‌

Orsted

AS

(f)

14,018‌

2,522‌

Power

Assets

Holdings

Ltd

102,500‌

538‌

Red

Electrica

Corp

SA

32,077‌

656‌

RWE

AG

47,605‌

1,969‌

SSE

PLC

77,043‌

1,379‌

Terna

Rete

Elettrica

Nazionale

SpA

104,260‌

783‌

Tohoku

Electric

Power

Co

Inc

31,700‌

265‌

Tokyo

Electric

Power

Co

Holdings

Inc

(d)

107,300‌

279‌

Uniper

SE

14,915‌

505‌

Verbund

AG

5,047‌

355‌

$

36,314‌

Electrical

Components

&

Equipment

-

0

.74

%

Brother

Industries

Ltd

16,500‌

315‌

Casio

Computer

Co

Ltd

14,300‌

257‌

Legrand

SA

19,787‌

1,675‌

Prysmian

SpA

17,884‌

589‌

Schneider

Electric

SE

39,920‌

5,562‌

$

8,398‌

Electronics

-

2

.20

%

ABB

Ltd

136,564‌

3,612‌

Assa

Abloy

AB

(e)

74,272‌

1,777‌

Azbil

Corp

9,100‌

408‌

Halma

PLC

28,133‌

828‌

Hirose

Electric

Co

Ltd

2,399‌

339‌

Hoya

Corp

27,900‌

3,710‌

Ibiden

Co

Ltd

7,800‌

365‌

Kyocera

Corp

23,700‌

1,350‌

MINEBEA

MITSUMI

Inc

26,900‌

558‌

Murata

Manufacturing

Co

Ltd

42,600‌

3,714‌

Nidec

Corp

33,200‌

4,211‌

Omron

Corp

13,700‌

1,230‌

Otsuka

Corp

7,700‌

373‌

Shimadzu

Corp

16,500‌

595‌

TDK

Corp

9,700‌

1,362‌

Venture

Corp

Ltd

20,400‌

285‌

Yokogawa

Electric

Corp

16,900‌

298‌

$

25,015‌

Energy

-

Alternate

Sources

-

0

.32

%

Siemens

Gamesa

Renewable

Energy

SA

17,667‌

634‌

Vestas

Wind

Systems

A/S

14,593‌

2,974‌

$

3,608‌

Engineering

&

Construction

-

1

.32

%

ACS

Actividades

de

Construccion

y

Servicios

SA

19,821‌

626‌

Aena

SME

SA

(d),(f)

5,002‌

815‌

Aeroports

de

Paris

2,200‌

277‌

Auckland

International

Airport

Ltd

(d)

92,751‌

506‌

Bouygues

SA

16,899‌

670‌

Cellnex

Telecom

SA

(f)

23,445‌

1,485‌

CIMIC

Group

Ltd

(d)

7,038‌

132‌

CK

Infrastructure

Holdings

Ltd

49,000‌

250‌

Eiffage

SA

(d)

6,275‌

614‌

Ferrovial

SA

36,066‌

1,007‌

HOCHTIEF

AG

1,833‌

176‌

Infrastrutture

Wireless

Italiane

SpA

(f)

24,902‌

321‌

Japan

Airport

Terminal

Co

Ltd

3,700‌

214‌

Kajima

Corp

33,200‌

436‌

Keppel

Corp

Ltd

107,900‌

403‌

Lendlease

Corp

Ltd

51,000‌

531‌

Obayashi

Corp

48,100‌

423‌

Shimizu

Corp

40,900‌

309‌

Singapore

Technologies

Engineering

Ltd

115,800‌

331‌

Skanska

AB

25,209‌

599‌

Sydney

Airport

97,987‌

484‌

Taisei

Corp

14,100‌

496‌

Schedule

of

Investments

International

Equity

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

98

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Engineering

&

Construction

(continued)

Vinci

SA

38,572‌

$

3,919‌

$

15,024‌

Entertainment

-

0

.77

%

Aristocrat

Leisure

Ltd

42,586‌

1,004‌

Evolution

Gaming

Group

AB

(f)

11,858‌

1,009‌

Flutter

Entertainment

PLC

(d)

11,468‌

2,128‌

Genting

Singapore

Ltd

448,200‌

275‌

GVC

Holdings

PLC

43,240‌

594‌

La

Francaise

des

Jeux

SAEM

(f)

6,370‌

266‌

Oriental

Land

Co

Ltd/Japan

14,900‌

2,531‌

Sega

Sammy

Holdings

Inc

12,800‌

180‌

Tabcorp

Holdings

Ltd

159,043‌

445‌

Toho

Co

Ltd/Tokyo

8,300‌

350‌

$

8,782‌

Environmental

Control

-

0

.02

%

Kurita

Water

Industries

Ltd

7,300‌

269‌

Food

-

4

.78

%

a2

Milk

Co

Ltd/The

(d)

55,001‌

569‌

Ajinomoto

Co

Inc

34,600‌

721‌

Associated

British

Foods

PLC

26,399‌

736‌

Barry

Callebaut

AG

224‌

483‌

Calbee

Inc

6,400‌

189‌

Carrefour

SA

45,440‌

744‌

Chocoladefabriken

Lindt

&

Spruengli

AG

-

PC

77‌

658‌

Chocoladefabriken

Lindt

&

Spruengli

AG

-

REG

8‌

716‌

Coles

Group

Ltd

98,847‌

1,292‌

Danone

SA

45,793‌

2,953‌

Etablissements

Franz

Colruyt

NV

4,107‌

245‌

HelloFresh

SE

(d)

10,950‌

646‌

ICA

Gruppen

AB

7,454‌

361‌

J

Sainsbury

PLC

131,801‌

368‌

Jardine

Strategic

Holdings

Ltd

16,430‌

391‌

Jeronimo

Martins

SGPS

SA

18,654‌

320‌

Just

Eat

Takeaway.com

NV

(d),(f)

9,368‌

997‌

Kerry

Group

PLC

11,783‌

1,652‌

Kesko

Oyj

20,238‌

531‌

Kikkoman

Corp

10,800‌

670‌

Kobe

Bussan

Co

Ltd

9,100‌

319‌

Koninklijke

Ahold

Delhaize

NV

81,566‌

2,332‌

MEIJI

Holdings

Co

Ltd

8,500‌

602‌

Mowi

ASA

32,572‌

660‌

Nestle

SA

213,486‌

23,913‌

NH

Foods

Ltd

6,100‌

260‌

Nisshin

Seifun

Group

Inc

14,595‌

237‌

Nissin

Foods

Holdings

Co

Ltd

4,700‌

388‌

Ocado

Group

PLC

(d)

36,024‌

1,059‌

Orkla

ASA

55,656‌

533‌

Seven

&

i

Holdings

Co

Ltd

55,900‌

1,763‌

Tesco

PLC

725,710‌

2,184‌

Toyo

Suisan

Kaisha

Ltd

6,500‌

320‌

WH

Group

Ltd

(f)

709,500‌

578‌

Wilmar

International

Ltd

142,400‌

443‌

Wm

Morrison

Supermarkets

PLC

(e)

178,447‌

425‌

Woolworths

Group

Ltd

93,598‌

2,540‌

Yakult

Honsha

Co

Ltd

9,500‌

451‌

Yamazaki

Baking

Co

Ltd

8,900‌

148‌

$

54,397‌

Food

Service

-

0

.25

%

Compass

Group

PLC

132,186‌

2,326‌

Sodexo

SA

6,557‌

541‌

$

2,867‌

Forest

Products

&

Paper

-

0

.40

%

Mondi

PLC

35,981‌

787‌

Oji

Holdings

Corp

63,800‌

289‌

Smurfit

Kappa

Group

PLC

18,160‌

773‌

Stora

Enso

Oyj

43,109‌

727‌

Svenska

Cellulosa

AB

SCA

(d)

44,896‌

729‌

UPM-Kymmene

Oyj

39,551‌

1,298‌

$

4,603‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Gas

-

0

.40

%

Enagas

SA

18,444‌

$

451‌

Hong

Kong

&

China

Gas

Co

Ltd

789,321‌

1,208‌

Naturgy

Energy

Group

SA

21,878‌

505‌

Osaka

Gas

Co

Ltd

27,700‌

531‌

Snam

SpA

149,426‌

844‌

Toho

Gas

Co

Ltd

5,400‌

354‌

Tokyo

Gas

Co

Ltd

27,800‌

623‌

$

4,516‌

Hand

&

Machine

Tools

-

0

.40

%

Amada

Co

Ltd

23,900‌

229‌

Disco

Corp

2,100‌

668‌

Fuji

Electric

Co

Ltd

9,400‌

333‌

Makita

Corp

16,600‌

857‌

Schindler

Holding

AG

-

PC

3,017‌

827‌

Schindler

Holding

AG

-

REG

1,492‌

396‌

Techtronic

Industries

Co

Ltd

101,500‌

1,296‌

$

4,606‌

Healthcare

-

Products

-

2

.24

%

Alcon

Inc

(d)

36,437‌

2,327‌

Ambu

A/S

(e)

12,111‌

405‌

Asahi

Intecc

Co

Ltd

14,400‌

528‌

Carl

Zeiss

Meditec

AG

2,983‌

397‌

Cochlear

Ltd

4,872‌

789‌

Coloplast

A/S

8,804‌

1,316‌

Demant

A/S

(d)

8,027‌

303‌

DiaSorin

SpA

1,866‌

394‌

EssilorLuxottica

SA

(d)

21,077‌

3,047‌

Fisher

&

Paykel

Healthcare

Corp

Ltd

42,604‌

1,073‌

GN

Store

Nord

AS

9,489‌

772‌

Koninklijke

Philips

NV

(d)

67,511‌

3,479‌

Olympus

Corp

86,500‌

1,867‌

QIAGEN

NV

(d)

17,104‌

824‌

Sartorius

Stedim

Biotech

2,050‌

739‌

Siemens

Healthineers

AG

(f)

19,916‌

915‌

Smith

&

Nephew

PLC

64,875‌

1,253‌

Sonova

Holding

AG

(d)

4,056‌

1,007‌

Straumann

Holding

AG

767‌

885‌

Sysmex

Corp

12,500‌

1,309‌

Terumo

Corp

47,900‌

1,901‌

$

25,530‌

Healthcare

-

Services

-

0

.88

%

BioMerieux

3,070‌

442‌

Eurofins

Scientific

SE

(d)

9,824‌

804‌

Fresenius

Medical

Care

AG

&

Co

KGaA

15,802‌

1,329‌

Fresenius

SE

&

Co

KGaA

30,983‌

1,385‌

Lonza

Group

AG

5,518‌

3,472‌

NMC

Health

PLC

(d),(g),(h)

7,238‌

—‌

Orpea

SA

(d)

3,831‌

478‌

PeptiDream

Inc

(d)

6,900‌

351‌

Ramsay

Health

Care

Ltd

13,569‌

628‌

Ryman

Healthcare

Ltd

29,641‌

306‌

Sonic

Healthcare

Ltd

33,534‌

811‌

$

10,006‌

Holding

Companies

-

Diversified

-

0

.24

%

CK

Hutchison

Holdings

Ltd

199,632‌

1,448‌

Jardine

Matheson

Holdings

Ltd

16,209‌

857‌

Swire

Pacific

Ltd

36,500‌

209‌

Washington

H

Soul

Pattinson

&

Co

Ltd

7,984‌

171‌

$

2,685‌

Home

Builders

-

0

.47

%

Barratt

Developments

PLC

(d)

75,459‌

619‌

Berkeley

Group

Holdings

PLC

9,316‌

569‌

Daiwa

House

Industry

Co

Ltd

42,000‌

1,284‌

Iida

Group

Holdings

Co

Ltd

10,820‌

217‌

Persimmon

PLC

23,635‌

829‌

Sekisui

Chemical

Co

Ltd

26,400‌

455‌

Sekisui

House

Ltd

45,700‌

819‌

Taylor

Wimpey

PLC

(d)

270,056‌

550‌

$

5,342‌

Schedule

of

Investments

International

Equity

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

99

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Home

Furnishings

-

1

.06

%

Electrolux

AB

16,715‌

$

401‌

Hoshizaki

Corp

3,800‌

374‌

Panasonic

Corp

163,700‌

1,736‌

Rational

AG

379‌

337‌

SEB

SA

1,678‌

297‌

Sharp

Corp/Japan

(e)

15,700‌

210‌

Sony

Corp

93,500‌

8,713‌

$

12,068‌

Insurance

-

4

.93

%

Admiral

Group

PLC

14,163‌

533‌

Aegon

NV

132,595‌

491‌

Ageas

SA/NV

12,976‌

635‌

AIA

Group

Ltd

896,200‌

9,835‌

Allianz

SE

30,914‌

7,246‌

Assicurazioni

Generali

SpA

81,752‌

1,397‌

Aviva

PLC

291,050‌

1,232‌

AXA

SA

143,326‌

3,351‌

Baloise

Holding

AG

3,436‌

592‌

CNP

Assurances

(d)

12,720‌

202‌

Dai-ichi

Life

Holdings

Inc

79,900‌

1,259‌

Direct

Line

Insurance

Group

PLC

101,115‌

397‌

Gjensidige

Forsikring

ASA

14,821‌

323‌

Hannover

Rueck

SE

4,468‌

747‌

Insurance

Australia

Group

Ltd

180,788‌

682‌

Japan

Post

Holdings

Co

Ltd

116,700‌

864‌

Japan

Post

Insurance

Co

Ltd

16,600‌

276‌

Legal

&

General

Group

PLC

442,146‌

1,460‌

M&G

PLC

192,657‌

478‌

Medibank

Pvt

Ltd

204,075‌

427‌

MS&AD

Insurance

Group

Holdings

Inc

33,000‌

960‌

Muenchener

Rueckversicherungs-Gesellschaft

AG

in

Muenchen

10,381‌

2,877‌

NN

Group

NV

21,360‌

863‌

Phoenix

Group

Holdings

PLC

40,719‌

386‌

Prudential

PLC

193,320‌

2,973‌

QBE

Insurance

Group

Ltd

108,871‌

797‌

RSA

Insurance

Group

PLC

76,663‌

681‌

Sampo

Oyj

34,905‌

1,500‌

SCOR

SE

(d)

11,750‌

400‌

Sompo

Holdings

Inc

24,950‌

953‌

Suncorp

Group

Ltd

94,823‌

703‌

Swiss

Life

Holding

AG

2,254‌

1,006‌

Swiss

Re

AG

21,175‌

1,935‌

T&D

Holdings

Inc

39,800‌

463‌

Tokio

Marine

Holdings

Inc

46,900‌

2,322‌

Tryg

A/S

11,193‌

325‌

Zurich

Insurance

Group

AG

11,149‌

4,521‌

$

56,092‌

Internet

-

1

.41

%

Adevinta

ASA

-

B

Shares

(d)

17,778‌

291‌

Auto

Trader

Group

PLC

(f)

71,574‌

532‌

CyberAgent

Inc

7,400‌

506‌

Delivery

Hero

SE

(d),(f)

9,590‌

1,166‌

Iliad

SA

1,097‌

222‌

Kakaku.com

Inc

9,900‌

277‌

LINE

Corp

(d)

2,600‌

134‌

M3

Inc

32,700‌

3,009‌

Mercari

Inc

(d)

6,300‌

288‌

MonotaRO

Co

Ltd

9,200‌

560‌

Prosus

NV

(d)

36,118‌

3,915‌

Rakuten

Inc

63,700‌

712‌

Scout24

AG

(f)

7,974‌

608‌

SEEK

Ltd

24,851‌

472‌

Trend

Micro

Inc/Japan

9,800‌

531‌

United

Internet

AG

7,908‌

315‌

Wix.com

Ltd

(d)

4,083‌

1,043‌

Z

Holdings

Corp

196,700‌

1,240‌

ZOZO

Inc

8,000‌

199‌

$

16,020‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Investment

Companies

-

0

.61

%

Eurazeo

SE

(d)

2,914‌

$

180‌

EXOR

NV

8,037‌

562‌

Groupe

Bruxelles

Lambert

SA

8,371‌

816‌

Industrivarden

AB

-

A

Shares

(d)

7,916‌

245‌

Industrivarden

AB

-

C

Shares

(d)

11,834‌

362‌

Investor

AB

33,753‌

2,343‌

Kinnevik

AB

-

Class

B

(d)

17,927‌

893‌

L

E

Lundbergforetagen

AB

(d)

5,633‌

289‌

Melrose

Industries

PLC

(d)

360,002‌

720‌

Sofina

SA

1,143‌

363‌

Wendel

SE

1,987‌

225‌

$

6,998‌

Iron

&

Steel

-

0

.43

%

ArcelorMittal

SA

(d)

53,119‌

966‌

BlueScope

Steel

Ltd

37,247‌

466‌

Evraz

PLC

37,814‌

190‌

Fortescue

Metals

Group

Ltd

125,486‌

1,672‌

Hitachi

Metals

Ltd

15,800‌

231‌

JFE

Holdings

Inc

(d)

36,500‌

333‌

Nippon

Steel

Corp

(d)

59,777‌

728‌

voestalpine

AG

8,601‌

275‌

$

4,861‌

Leisure

Products

&

Services

-

0

.20

%

Shimano

Inc

5,500‌

1,301‌

Yamaha

Corp

9,900‌

563‌

Yamaha

Motor

Co

Ltd

20,700‌

397‌

$

2,261‌

Lodging

-

0

.43

%

Accor

SA

(d)

13,552‌

465‌

City

Developments

Ltd

33,600‌

193‌

Crown

Resorts

Ltd

27,599‌

196‌

Galaxy

Entertainment

Group

Ltd

160,000‌

1,214‌

InterContinental

Hotels

Group

PLC

(d)

12,859‌

793‌

Melco

Resorts

&

Entertainment

Ltd

ADR

15,912‌

289‌

Sands

China

Ltd

179,600‌

734‌

SJM

Holdings

Ltd

147,000‌

172‌

Whitbread

PLC

(d)

14,956‌

600‌

Wynn

Macau

Ltd

(d)

115,200‌

196‌

$

4,852‌

Machinery

-

Construction

&

Mining

-

0

.97

%

Epiroc

AB

-

A

Shares

48,835‌

812‌

Epiroc

AB

-

B

Shares

28,898‌

459‌

Hitachi

Construction

Machinery

Co

Ltd

7,900‌

218‌

Hitachi

Ltd

71,700‌

2,721‌

Komatsu

Ltd

64,900‌

1,583‌

Mitsubishi

Electric

Corp

135,300‌

1,982‌

Mitsubishi

Heavy

Industries

Ltd

23,700‌

532‌

Sandvik

AB

(d)

83,657‌

1,887‌

Siemens

Energy

AG

(d)

29,613‌

880‌

$

11,074‌

Machinery

-

Diversified

-

2

.45

%

Atlas

Copco

AB

-

A

Shares

49,761‌

2,517‌

Atlas

Copco

AB

-

B

Shares

28,916‌

1,281‌

CNH

Industrial

NV

(d)

75,829‌

826‌

Daifuku

Co

Ltd

7,600‌

879‌

FANUC

Corp

14,300‌

3,508‌

GEA

Group

AG

11,369‌

389‌

Harmonic

Drive

Systems

Inc

2,800‌

223‌

Hexagon

AB

20,856‌

1,738‌

Husqvarna

AB

30,976‌

332‌

Keyence

Corp

13,560‌

6,914‌

KION

Group

AG

4,814‌

369‌

KION

Group

AG

-

Rights

(d)

4,922‌

2‌

Kone

Oyj

25,187‌

2,111‌

Kubota

Corp

76,900‌

1,519‌

Miura

Co

Ltd

6,400‌

337‌

Nabtesco

Corp

8,300‌

341‌

SMC

Corp/Japan

4,200‌

2,671‌

Spirax-Sarco

Engineering

PLC

5,464‌

805‌

Schedule

of

Investments

International

Equity

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

100

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Machinery

-

Diversified

(continued)

THK

Co

Ltd

8,900‌

$

275‌

Yaskawa

Electric

Corp

17,800‌

854‌

$

27,891‌

Media

-

0

.49

%

Bollore

SA

65,509‌

254‌

Informa

PLC

111,311‌

780‌

Pearson

PLC

55,800‌

475‌

Schibsted

ASA

-

A

Shares

(d)

5,601‌

229‌

Schibsted

ASA

-

B

Shares

(d)

7,264‌

264‌

Vivendi

SA

61,495‌

1,844‌

Wolters

Kluwer

NV

20,232‌

1,694‌

$

5,540‌

Metal

Fabrication

&

Hardware

-

0

.16

%

MISUMI

Group

Inc

21,000‌

659‌

NSK

Ltd

26,500‌

214‌

SKF

AB

28,217‌

697‌

Tenaris

SA

34,993‌

271‌

$

1,841‌

Mining

-

2

.38

%

Anglo

American

PLC

90,906‌

2,647‌

Antofagasta

PLC

29,222‌

483‌

BHP

Group

Ltd

218,292‌

6,087‌

BHP

Group

PLC

156,508‌

3,539‌

Boliden

AB

20,269‌

701‌

Evolution

Mining

Ltd

120,265‌

439‌

Fresnillo

PLC

13,650‌

192‌

Glencore

PLC

(d)

740,510‌

2,088‌

Newcrest

Mining

Ltd

60,471‌

1,197‌

Norsk

Hydro

ASA

99,656‌

403‌

Northern

Star

Resources

Ltd

54,884‌

510‌

Rio

Tinto

Ltd

27,508‌

2,052‌

Rio

Tinto

PLC

83,145‌

5,428‌

South32

Ltd

359,114‌

633‌

Sumitomo

Metal

Mining

Co

Ltd

17,300‌

642‌

$

27,041‌

Miscellaneous

Manufacturers

-

1

.04

%

Alfa

Laval

AB

(d)

23,313‌

589‌

Alstom

SA

(d),(e)

14,195‌

766‌

Alstom

SA

-

Rights

(d)

14,608‌

82‌

JSR

Corp

15,000‌

415‌

Knorr-Bremse

AG

5,375‌

688‌

Orica

Ltd

30,082‌

357‌

Siemens

AG

56,688‌

7,567‌

Smiths

Group

PLC

29,360‌

564‌

Toshiba

Corp

28,700‌

801‌

$

11,829‌

Office

&

Business

Equipment

-

0

.30

%

Canon

Inc

74,100‌

1,313‌

FUJIFILM

Holdings

Corp

26,700‌

1,436‌

Ricoh

Co

Ltd

49,700‌

331‌

Seiko

Epson

Corp

20,700‌

309‌

$

3,389‌

Oil

&

Gas

-

3

.00

%

Ampol

Ltd

18,505‌

416‌

BP

PLC

1,501,555‌

4,875‌

DCC

PLC

7,301‌

550‌

ENEOS

Holdings

Inc

227,530‌

777‌

Eni

SpA

188,509‌

1,877‌

Equinor

ASA

72,420‌

1,127‌

Galp

Energia

SGPS

SA

37,145‌

399‌

Idemitsu

Kosan

Co

Ltd

14,381‌

298‌

Inpex

Corp

75,900‌

420‌

Lundin

Energy

AB

13,772‌

329‌

Neste

Oyj

31,351‌

2,095‌

Oil

Search

Ltd

146,273‌

386‌

OMV

AG

10,914‌

366‌

Repsol

SA

108,466‌

1,040‌

Royal

Dutch

Shell

PLC

-

A

Shares

303,907‌

5,095‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Oil

&

Gas

(continued)

Royal

Dutch

Shell

PLC

-

B

Shares

274,633‌

$

4,411‌

Santos

Ltd

131,206‌

586‌

TOTAL

SE

186,768‌

7,927‌

Woodside

Petroleum

Ltd

70,720‌

1,154‌

$

34,128‌

Pharmaceuticals

-

8

.55

%

Alfresa

Holdings

Corp

13,900‌

278‌

Amplifon

SpA

(d)

9,225‌

369‌

Astellas

Pharma

Inc

138,100‌

1,967‌

AstraZeneca

PLC

97,242‌

10,175‌

Bayer

AG

72,799‌

4,194‌

Chugai

Pharmaceutical

Co

Ltd

49,800‌

2,409‌

Daiichi

Sankyo

Co

Ltd

126,100‌

4,465‌

Eisai

Co

Ltd

18,700‌

1,409‌

Galapagos

NV

(d)

3,143‌

385‌

GlaxoSmithKline

PLC

371,791‌

6,748‌

Grifols

SA

22,105‌

627‌

Hikma

Pharmaceuticals

PLC

12,809‌

443‌

Hisamitsu

Pharmaceutical

Co

Inc

3,800‌

223‌

Ipsen

SA

2,795‌

268‌

Kobayashi

Pharmaceutical

Co

Ltd

3,700‌

444‌

Kyowa

Kirin

Co

Ltd

20,000‌

542‌

Medipal

Holdings

Corp

13,600‌

255‌

Merck

KGaA

9,578‌

1,529‌

Nippon

Shinyaku

Co

Ltd

3,400‌

244‌

Novartis

AG

164,531‌

14,896‌

Novo

Nordisk

A/S

127,598‌

8,552‌

Ono

Pharmaceutical

Co

Ltd

27,400‌

868‌

Orion

Oyj

7,845‌

369‌

Otsuka

Holdings

Co

Ltd

29,000‌

1,176‌

Recordati

Industria

Chimica

e

Farmaceutica

SpA

7,749‌

415‌

Roche

Holding

AG

52,061‌

17,099‌

Sanofi

83,959‌

8,463‌

Santen

Pharmaceutical

Co

Ltd

26,600‌

442‌

Shionogi

&

Co

Ltd

19,600‌

1,049‌

Sumitomo

Dainippon

Pharma

Co

Ltd

13,200‌

167‌

Suzuken

Co

Ltd/Aichi

Japan

4,900‌

187‌

Taisho

Pharmaceutical

Holdings

Co

Ltd

2,600‌

165‌

Takeda

Pharmaceutical

Co

Ltd

116,800‌

4,178‌

Teva

Pharmaceutical

Industries

Ltd

ADR

(d)

81,199‌

772‌

UCB

SA

9,369‌

1,003‌

Vifor

Pharma

AG

3,372‌

496‌

$

97,271‌

Pipelines

-

0

.08

%

APA

Group

87,432‌

663‌

Koninklijke

Vopak

NV

5,211‌

273‌

$

936‌

Private

Equity

-

0

.26

%

3i

Group

PLC

72,110‌

1,020‌

EQT

AB

17,656‌

394‌

Partners

Group

Holding

AG

1,385‌

1,493‌

$

2,907‌

Real

Estate

-

1

.57

%

Aeon

Mall

Co

Ltd

7,550‌

121‌

Aroundtown

SA

74,032‌

512‌

Azrieli

Group

Ltd

3,146‌

193‌

CapitaLand

Ltd

195,500‌

453‌

CK

Asset

Holdings

Ltd

191,132‌

1,044‌

Daito

Trust

Construction

Co

Ltd

4,900‌

479‌

Deutsche

Wohnen

SE

25,331‌

1,270‌

ESR

Cayman

Ltd

(d),(f)

124,600‌

375‌

Fastighets

AB

Balder

(d)

7,503‌

375‌

Hang

Lung

Properties

Ltd

149,000‌

368‌

Henderson

Land

Development

Co

Ltd

106,982‌

450‌

Hongkong

Land

Holdings

Ltd

86,474‌

351‌

Hulic

Co

Ltd

22,400‌

226‌

LEG

Immobilien

AG

5,288‌

752‌

Mitsubishi

Estate

Co

Ltd

87,700‌

1,509‌

Mitsui

Fudosan

Co

Ltd

68,000‌

1,419‌

Schedule

of

Investments

International

Equity

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

101

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Real

Estate

(continued)

New

World

Development

Co

Ltd

112,750‌

$

571‌

Nomura

Real

Estate

Holdings

Inc

8,500‌

183‌

REA

Group

Ltd

3,904‌

416‌

Sino

Land

Co

Ltd

233,073‌

318‌

Sumitomo

Realty

&

Development

Co

Ltd

23,000‌

748‌

Sun

Hung

Kai

Properties

Ltd

96,500‌

1,283‌

Swire

Properties

Ltd

86,600‌

264‌

Swiss

Prime

Site

AG

5,631‌

507‌

Tokyu

Fudosan

Holdings

Corp

45,300‌

219‌

UOL

Group

Ltd

34,300‌

187‌

Vonovia

SE

38,638‌

2,642‌

Wharf

Real

Estate

Investment

Co

Ltd

123,000‌

572‌

$

17,807‌

REITs

-

1

.37

%

Ascendas

Real

Estate

Investment

Trust

238,150‌

526‌

Ascendas

Real

Estate

Investment

Trust

-

Rights

(d)

8,622‌

—‌

British

Land

Co

PLC/The

65,237‌

408‌

CapitaLand

Integrated

Commercial

Trust

335,856‌

484‌

Covivio

3,854‌

314‌

Daiwa

House

REIT

Investment

Corp

147‌

353‌

Dexus

80,860‌

579‌

Gecina

SA

3,398‌

517‌

GLP

J-Reit

(d)

280‌

421‌

Goodman

Group

122,968‌

1,687‌

GPT

Group/The

144,345‌

499‌

Japan

Real

Estate

Investment

Corp

98‌

508‌

Japan

Retail

Fund

Investment

Corp

193‌

306‌

Klepierre

SA

14,447‌

319‌

Land

Securities

Group

PLC

52,198‌

456‌

Link

REIT

153,200‌

1,339‌

Mapletree

Commercial

Trust

159,500‌

241‌

Mapletree

Logistics

Trust

214,200‌

313‌

Mirvac

Group

291,753‌

551‌

Nippon

Building

Fund

Inc

109‌

601‌

Nippon

Prologis

REIT

Inc

(d)

156‌

489‌

Nomura

Real

Estate

Master

Fund

Inc

315‌

409‌

Orix

JREIT

Inc

195‌

291‌

Scentre

Group

384,613‌

787‌

Segro

PLC

88,252‌

1,068‌

Stockland

176,726‌

587‌

Suntec

Real

Estate

Investment

Trust

146,300‌

164‌

Unibail-Rodamco-Westfield

10,263‌

722‌

United

Urban

Investment

Corp

220‌

248‌

Vicinity

Centres

286,729‌

346‌

$

15,533‌

Retail

-

2

.23

%

ABC-Mart

Inc

2,400‌

125‌

Aeon

Co

Ltd

48,500‌

1,441‌

Cie

Financiere

Richemont

SA

38,682‌

3,231‌

Cie

Financiere

Richemont

SA

-

Warrants

(d)

77,430‌

15‌

Cosmos

Pharmaceutical

Corp

1,500‌

259‌

Fast

Retailing

Co

Ltd

4,300‌

3,523‌

Hennes

&

Mauritz

AB

(d)

59,531‌

1,268‌

Industria

de

Diseno

Textil

SA

80,833‌

2,683‌

JD

Sports

Fashion

PLC

(d)

32,454‌

333‌

Kingfisher

PLC

(d)

156,364‌

568‌

Lawson

Inc

3,700‌

168‌

Marui

Group

Co

Ltd

14,000‌

255‌

McDonald's

Holdings

Co

Japan

Ltd

4,900‌

238‌

Moncler

SpA

(d)

14,359‌

708‌

Next

PLC

9,853‌

851‌

Nitori

Holdings

Co

Ltd

6,000‌

1,276‌

Pan

Pacific

International

Holdings

Corp

30,500‌

720‌

Pandora

A/S

7,411‌

743‌

Ryohin

Keikaku

Co

Ltd

17,600‌

361‌

Shimamura

Co

Ltd

1,700‌

175‌

Sundrug

Co

Ltd

5,300‌

222‌

Swatch

Group

AG/The

-

BR

2,145‌

528‌

Swatch

Group

AG/The

-

REG

3,900‌

187‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Retail

(continued)

Tsuruha

Holdings

Inc

2,800‌

$

411‌

USS

Co

Ltd

16,200‌

338‌

Welcia

Holdings

Co

Ltd

7,000‌

282‌

Wesfarmers

Ltd

84,020‌

3,045‌

Yamada

Holdings

Co

Ltd

53,700‌

255‌

Zalando

SE

(d),(f)

11,334‌

1,151‌

$

25,360‌

Semiconductors

-

2

.34

%

Advantest

Corp

14,800‌

1,029‌

ASM

Pacific

Technology

Ltd

22,700‌

283‌

ASML

Holding

NV

31,542‌

13,704‌

Hamamatsu

Photonics

KK

10,300‌

579‌

Infineon

Technologies

AG

96,769‌

3,414‌

Lasertec

Corp

5,600‌

589‌

Renesas

Electronics

Corp

(d)

57,300‌

508‌

Rohm

Co

Ltd

6,500‌

541‌

STMicroelectronics

NV

47,233‌

1,861‌

SUMCO

Corp

19,400‌

392‌

Tokyo

Electron

Ltd

11,100‌

3,772‌

$

26,672‌

Shipbuilding

-

0

.03

%

Wartsila

OYJ

Abp

32,887‌

309‌

Software

-

1

.62

%

AVEVA

Group

PLC

4,795‌

216‌

AVEVA

Group

PLC

-

Rights

(d)

3,729‌

56‌

Capcom

Co

Ltd

6,500‌

368‌

Dassault

Systemes

SE

9,792‌

1,808‌

Koei

Tecmo

Holdings

Co

Ltd

3,300‌

175‌

Konami

Holdings

Corp

6,900‌

360‌

Nemetschek

SE

4,283‌

338‌

Nexon

Co

Ltd

36,000‌

1,086‌

Oracle

Corp

Japan

2,900‌

322‌

Sage

Group

PLC/The

80,840‌

648‌

SAP

SE

77,380‌

9,341‌

Square

Enix

Holdings

Co

Ltd

6,800‌

416‌

TeamViewer

AG

(d),(f)

11,173‌

533‌

Temenos

AG

4,943‌

623‌

TIS

Inc

16,600‌

330‌

Ubisoft

Entertainment

SA

(d)

6,784‌

643‌

WiseTech

Global

Ltd

10,803‌

244‌

Xero

Ltd

(d)

8,996‌

875‌

$

18,382‌

Telecommunications

-

3

.79

%

Altice

Europe

NV

(d)

47,018‌

247‌

BT

Group

PLC

661,373‌

1,024‌

Deutsche

Telekom

AG

246,981‌

4,459‌

Elisa

Oyj

10,541‌

566‌

Hikari

Tsushin

Inc

1,500‌

360‌

HKT

Trust

&

HKT

Ltd

279,980‌

366‌

KDDI

Corp

119,700‌

3,406‌

Koninklijke

KPN

NV

264,721‌

788‌

Nice

Ltd

(d)

4,648‌

1,131‌

Nippon

Telegraph

&

Telephone

Corp

95,400‌

2,256‌

Nokia

OYJ

(d)

418,960‌

1,671‌

Orange

SA

147,835‌

1,871‌

PCCW

Ltd

315,000‌

191‌

Proximus

SADP

11,272‌

235‌

SES

SA

28,415‌

257‌

Singapore

Telecommunications

Ltd

605,100‌

1,072‌

SoftBank

Corp

212,800‌

2,622‌

SoftBank

Group

Corp

116,200‌

8,008‌

Spark

New

Zealand

Ltd

136,128‌

435‌

Swisscom

AG

1,920‌

1,016‌

Tele2

AB

37,006‌

478‌

Telecom

Italia

SpA/Milano

619,613‌

292‌

Telecom

Italia

SpA/Milano

-

RSP

446,666‌

229‌

Telefonaktiebolaget

LM

Ericsson

216,285‌

2,655‌

Telefonica

Deutschland

Holding

AG

77,148‌

213‌

Telefonica

SA

355,359‌

1,553‌

Schedule

of

Investments

International

Equity

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

102

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Telecommunications

(continued)

Telenor

ASA

51,852‌

$

882‌

Telia

Co

AB

181,829‌

773‌

Telstra

Corp

Ltd

308,458‌

696‌

TPG

Telecom

Ltd

(d)

27,523‌

155‌

Vodafone

Group

PLC

1,987,686‌

3,243‌

$

43,150‌

Textiles

-

0

.02

%

Teijin

Ltd

13,200‌

225‌

Toys,

Games

&

Hobbies

-

0

.53

%

Bandai

Namco

Holdings

Inc

14,800‌

1,347‌

Nintendo

Co

Ltd

8,300‌

4,709‌

$

6,056‌

Transportation

-

1

.78

%

AP

Moller

-

Maersk

A/S

-

A

236‌

446‌

AP

Moller

-

Maersk

A/S

-

B

(e)

455‌

928‌

Aurizon

Holdings

Ltd

141,878‌

442‌

Central

Japan

Railway

Co

10,700‌

1,360‌

Deutsche

Post

AG

73,302‌

3,536‌

DSV

PANALPINA

A/S

15,340‌

2,416‌

East

Japan

Railway

Co

22,400‌

1,385‌

Getlink

SE

(d)

32,606‌

540‌

Hankyu

Hanshin

Holdings

Inc

17,000‌

554‌

Keihan

Holdings

Co

Ltd

7,100‌

334‌

Keikyu

Corp

16,300‌

279‌

Keio

Corp

7,600‌

539‌

Keisei

Electric

Railway

Co

Ltd

9,600‌

321‌

Kintetsu

Group

Holdings

Co

Ltd

12,700‌

563‌

Kuehne

+

Nagel

International

AG

4,002‌

906‌

Kyushu

Railway

Co

11,000‌

231‌

MTR

Corp

Ltd

114,000‌

617‌

Nagoya

Railroad

Co

Ltd

13,800‌

380‌

Nippon

Express

Co

Ltd

5,400‌

360‌

Nippon

Yusen

KK

11,300‌

245‌

Odakyu

Electric

Railway

Co

Ltd

21,900‌

663‌

Poste

Italiane

SpA

(f)

38,715‌

398‌

Seibu

Holdings

Inc

15,500‌

153‌

SG

Holdings

Co

Ltd

23,800‌

712‌

Tobu

Railway

Co

Ltd

14,000‌

419‌

Tokyu

Corp

37,000‌

448‌

West

Japan

Railway

Co

12,100‌

551‌

Yamato

Holdings

Co

Ltd

22,900‌

577‌

$

20,303‌

Water

-

0

.23

%

Severn

Trent

PLC

17,691‌

559‌

Suez

SA

25,610‌

490‌

United

Utilities

Group

PLC

50,530‌

602‌

Veolia

Environnement

SA

39,934‌

916‌

$

2,567‌

TOTAL

COMMON

STOCKS

$

1,110,572‌

PREFERRED

STOCKS

-

0

.55

%

Shares

Held

Value

(000's)

Automobile

Manufacturers

-

0

.29

%

Bayerische

Motoren

Werke

AG

2.52%

4,215‌

$

277‌

Porsche

Automobil

Holding

SE

2.21%

11,347‌

721‌

Volkswagen

AG

4.86%

13,753‌

2,308‌

$

3,306‌

Chemicals

-

0

.03

%

FUCHS

PETROLUB

SE

0.97%

5,151‌

293‌

Consumer

Products

-

0

.12

%

Henkel

AG

&

Co

KGaA

1.85%

13,203‌

1,420‌

Electronics

-

0

.11

%

Sartorius

AG

0.36%

2,636‌

1,202‌

TOTAL

PREFERRED

STOCKS

$

6,221‌

Total

Investments

$

1,140,149‌

Other

Assets

and

Liabilities

-  (0.22)%

(

2,535‌

)

TOTAL

NET

ASSETS

-

100.00%

$

1,137,614‌

(a)

Current

yield

shown

is

as

of

period

end.

(b)

Security

or

a

portion

of

the

security

was

received

as

collateral

for

securities

lending.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$7,362

or

0.65%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940)

or

an

affiliate

as

defined

by

the

Investment

Company

Act

of

1940

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(d)

Non-income

producing

security

(e)

Security

or

a

portion

of

the

security

was

on

loan

at

the

end

of

the

period.

(f)

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$20,371

or

1.79%

of

net

assets.

(g)

The

value

of

these

investments

was

determined

using

significant

unobservable

inputs.

(h)

Fair

value

of

these

investments

is

determined

in

good

faith

by

the

Manager

under

procedures

established

and

periodically

reviewed

by

the

Board

of

Directors.

Certain

inputs

used

in

the

valuation

may

be

unobservable;

however,

each

security

is

evaluated

individually

for

purposes

of

ASC

820

which

results

in

not

all

securities

being

identified

as

Level

3

of

the

fair

value

hierarchy.

At

the

end

of

the

period,

the

fair

value

of

these

securities

totaled

$0

or

0.00%

of

net

assets.

Portfolio

Summary  (unaudited)

Location

Percent

Japan

25

.01‌

%

United

Kingdom

12

.11‌

%

France

10

.75‌

%

Switzerland

9

.81‌

%

Germany

8

.98‌

%

Australia

6

.99‌

%

Netherlands

4

.71‌

%

Sweden

3

.14‌

%

Hong

Kong

3

.11‌

%

Spain

2

.46‌

%

Denmark

2

.44‌

%

Italy

2

.09‌

%

United

States

2

.05‌

%

Finland

1

.23‌

%

Ireland

1

.04‌

%

Singapore

1

.04‌

%

Belgium

0

.89‌

%

Norway

0

.60‌

%

Israel

0

.59‌

%

New

Zealand

0

.39‌

%

Luxembourg

0

.25‌

%

Portugal

0

.16‌

%

Austria

0

.15‌

%

Macao

0

.08‌

%

Isle

of

Man

0

.05‌

%

Chile

0

.04‌

%

Jordan

0

.04‌

%

Mexico

0

.02‌

%

United

Arab

Emirates

0

.00‌

%

Other

Assets

and

Liabilities

(

0

.22‌

)

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

International

Equity

Index

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

103

Affiliated

Securities

August

31,

2020

Purchases

Sales

November

30,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

10,634‌

$

83,911‌

$

88,866‌

$

5,679‌

$

10,634‌

$

83,911‌

$

88,866‌

$

5,679‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Futures

Contracts

Description

and

Expiration

Date

Type

Contracts

Notional

Amount

Value

and

Unrealized

Appreciation/(Depreciation)

eMini

MSCI

EAFE;

December

2020

Long

25‌

$

2,541‌

$

(

34‌

)

Total

$

(

34‌

)

Amounts

in

thousands

except

contracts.

Schedule

of

Investments

International

Small

Company

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

104

INVESTMENT

COMPANIES

-

4

.59

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

4

.59

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.04%

(a),(b)

22,436,333‌

$

22,436‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

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

28,468,571‌

28,469‌

$

50,905‌

TOTAL

INVESTMENT

COMPANIES

$

50,905‌

COMMON

STOCKS

-

97

.54

%

Shares

Held

Value

(000's)

Advertising

-

0

.86

%

Future

PLC

137,254‌

$

3,057‌

Stroeer

SE

&

Co

KGaA

72,444‌

6,472‌

$

9,529‌

Aerospace

&

Defense

-

0

.38

%

CAE

Inc

61,100‌

1,478‌

Ultra

Electronics

Holdings

PLC

97,635‌

2,708‌

$

4,186‌

Agriculture

-

0

.34

%

Genus

PLC

68,325‌

3,777‌

Airlines

-

0

.28

%

Wizz

Air

Holdings

Plc

(d),(e)

51,471‌

3,082‌

Apparel

-

1

.06

%

boohoo

Group

PLC

(d)

1,974,765‌

8,285‌

Puma

SE

(d)

34,947‌

3,463‌

$

11,748‌

Automobile

Parts

&

Equipment

-

2

.32

%

Faurecia

SE

(d)

129,719‌

6,426‌

FCC

Co

Ltd

99,400‌

1,888‌

Rheinmetall

AG

77,753‌

6,904‌

Toyoda

Gosei

Co

Ltd

260,800‌

7,067‌

TS

Tech

Co

Ltd

117,800‌

3,445‌

$

25,730‌

Banks

-

3

.78

%

Banca

Mediolanum

SpA

(d)

725,066‌

6,628‌

BAWAG

Group

AG

(d),(e)

95,433‌

4,312‌

Cembra

Money

Bank

AG

42,337‌

4,902‌

Chiba

Bank

Ltd/The

936,900‌

5,278‌

Israel

Discount

Bank

Ltd

1,785,157‌

6,038‌

Mediobanca

Banca

di

Credito

Finanziario

SpA

(d)

806,290‌

7,233‌

Paragon

Banking

Group

PLC

395,415‌

2,124‌

Shinsei

Bank

Ltd

462,400‌

5,465‌

$

41,980‌

Beverages

-

1

.01

%

Carlsberg

AS

20,099‌

2,994‌

Royal

Unibrew

A/S

78,394‌

8,183‌

$

11,177‌

Building

Materials

-

2

.06

%

Buzzi

Unicem

SpA

(f)

318,346‌

7,790‌

Ibstock

PLC

(d),(e)

1,143,020‌

2,944‌

ROCKWOOL

International

A/S

21,701‌

7,914‌

Wienerberger

AG

153,093‌

4,251‌

$

22,899‌

Chemicals

-

2

.96

%

Arkema

SA

71,821‌

8,364‌

Denka

Co

Ltd

247,600‌

7,640‌

Koninklijke

DSM

NV

19,302‌

3,152‌

Lintec

Corp

137,500‌

2,832‌

Sumitomo

Bakelite

Co

Ltd

154,700‌

4,756‌

Zeon

Corp

490,700‌

6,057‌

$

32,801‌

Commercial

Services

-

1

.79

%

Dai

Nippon

Printing

Co

Ltd

133,700‌

2,494‌

Loomis

AB

224,757‌

6,437‌

Nishio

Rent

All

Co

Ltd

91,300‌

1,774‌

Nuvei

Corp

(d),(e)

34,053‌

1,570‌

QinetiQ

Group

PLC

642,930‌

2,500‌

Rentokil

Initial

PLC

(d)

545,135‌

3,609‌

Sixt

SE

(d)

12,646‌

1,448‌

$

19,832‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Computers

-

5

.67

%

Appen

Ltd

291,779‌

$

6,751‌

Computacenter

PLC

126,883‌

3,741‌

CyberArk

Software

Ltd

(d)

51,758‌

5,945‌

Indra

Sistemas

SA

(d)

269,824‌

2,174‌

Keywords

Studios

PLC

(d)

122,957‌

3,748‌

Logitech

International

SA

49,088‌

4,375‌

MCJ

Co

Ltd

289,800‌

2,670‌

NEC

Corp

83,600‌

4,504‌

NEC

Networks

&

System

Integration

Corp

204,800‌

3,617‌

NET

One

Systems

Co

Ltd

93,000‌

3,305‌

Nomura

Research

Institute

Ltd

145,000‌

4,903‌

NSD

Co

Ltd

133,300‌

2,545‌

S&T

AG

(d),(f)

146,980‌

3,366‌

Softcat

PLC

181,111‌

2,730‌

Sopra

Steria

Group

(d)

24,980‌

3,787‌

Teleperformance

14,178‌

4,715‌

$

62,876‌

Distribution

&

Wholesale

-

1

.67

%

Inchcape

PLC

(d)

562,788‌

4,480‌

Seven

Group

Holdings

Ltd

(f)

475,811‌

7,677‌

Toromont

Industries

Ltd

93,004‌

6,362‌

$

18,519‌

Diversified

Financial

Services

-

2

.74

%

DWS

Group

GmbH

&

Co

KGaA

(e)

76,414‌

2,976‌

Euronext

NV

(e)

52,731‌

5,613‌

IG

Group

Holdings

PLC

678,211‌

7,225‌

Mitsubishi

UFJ

Lease

&

Finance

Co

Ltd

1,398,700‌

6,417‌

TP

ICAP

PLC

641,484‌

1,803‌

Zenkoku

Hosho

Co

Ltd

140,300‌

6,402‌

$

30,436‌

Electric

-

2

.42

%

Capital

Power

Corp

261,700‌

6,698‌

Hera

SpA

1,754,270‌

6,395‌

Iren

SpA

1,816,476‌

4,873‌

Northland

Power

Inc

(f)

260,500‌

8,928‌

$

26,894‌

Electrical

Components

&

Equipment

-

1

.56

%

Prysmian

SpA

270,690‌

8,910‌

Signify

NV

(d),(e)

199,239‌

8,398‌

$

17,308‌

Electronics

-

1

.45

%

Anritsu

Corp

(f)

336,400‌

7,675‌

Halma

PLC

124,489‌

3,663‌

Mycronic

AB

180,674‌

4,783‌

$

16,121‌

Energy

-

Alternate

Sources

-

0

.65

%

Vestas

Wind

Systems

A/S

35,666‌

7,269‌

Engineering

&

Construction

-

4

.84

%

Balfour

Beatty

PLC

(d)

924,948‌

3,122‌

Downer

EDI

Ltd

1,774,177‌

6,741‌

Hazama

Ando

Corp

799,300‌

5,251‌

JGC

Holdings

Corp

519,300‌

4,623‌

Kajima

Corp

559,800‌

7,344‌

KAWADA

TECHNOLOGIES

Inc

24,700‌

994‌

Kyowa

Exeo

Corp

306,000‌

7,859‌

Mirait

Holdings

Corp

132,600‌

1,986‌

Penta-Ocean

Construction

Co

Ltd

1,058,800‌

7,858‌

SPIE

SA

212,326‌

4,316‌

Stantec

Inc

120,800‌

3,641‌

$

53,735‌

Entertainment

-

1

.74

%

Flutter

Entertainment

PLC

(d)

23,858‌

4,347‌

GVC

Holdings

PLC

583,581‌

8,019‌

Kindred

Group

PLC

(d)

457,519‌

3,848‌

Tokyotokeiba

Co

Ltd

62,000‌

3,073‌

$

19,287‌

Schedule

of

Investments

International

Small

Company

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

105

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Food

-

3

.87

%

AAK

AB

(f)

213,588‌

$

4,226‌

Empire

Co

Ltd

253,600‌

6,940‌

HelloFresh

SE

(d)

134,210‌

7,920‌

J

Sainsbury

PLC

2,456,588‌

6,857‌

Morinaga

Milk

Industry

Co

Ltd

160,200‌

7,778‌

NH

Foods

Ltd

160,300‌

6,827‌

Sonae

SGPS

SA

3,018,831‌

2,431‌

$

42,979‌

Forest

Products

&

Paper

-

0

.72

%

Sumitomo

Forestry

Co

Ltd

217,400‌

3,936‌

UPM-Kymmene

Oyj

122,509‌

4,020‌

$

7,956‌

Gas

-

0

.48

%

Rubis

SCA

125,317‌

5,318‌

Healthcare

-

Products

-

2

.23

%

Ambu

A/S

(f)

153,913‌

5,147‌

Carl

Zeiss

Meditec

AG

18,390‌

2,445‌

ConvaTec

Group

PLC

(e)

1,978,426‌

5,442‌

GN

Store

Nord

AS

90,144‌

7,337‌

Sartorius

Stedim

Biotech

12,069‌

4,352‌

$

24,723‌

Healthcare

-

Services

-

0

.99

%

Evotec

SE

(d),(f)

123,540‌

3,765‌

ICON

PLC

(d)

37,202‌

7,250‌

$

11,015‌

Home

Builders

-

0

.73

%

Redrow

PLC

982,081‌

6,755‌

Taylor

Wimpey

PLC

(d)

637,481‌

1,297‌

$

8,052‌

Insurance

-

2

.19

%

ASR

Nederland

NV

245,044‌

9,081‌

Direct

Line

Insurance

Group

PLC

1,544,732‌

6,060‌

Phoenix

Group

Holdings

PLC

644,336‌

6,102‌

SCOR

SE

(d)

91,346‌

3,108‌

$

24,351‌

Internet

-

0

.57

%

Scout24

AG

(e)

83,580‌

6,369‌

Investment

Companies

-

0

.73

%

Kinnevik

AB

-

Class

B

(d)

162,686‌

8,104‌

Lodging

-

0

.12

%

NagaCorp

Ltd

1,056,000‌

1,349‌

Machinery

-

Diversified

-

3

.33

%

ATS

Automation

Tooling

Systems

Inc

(d)

204,300‌

3,412‌

Bucher

Industries

AG

21,161‌

8,925‌

GEA

Group

AG

57,951‌

1,981‌

Husqvarna

AB

628,472‌

6,731‌

KION

Group

AG

87,319‌

6,692‌

KION

Group

AG

-

Rights

(d)

87,757‌

31‌

Okuma

Holdings

Inc

117,400‌

6,747‌

Vesuvius

PLC

372,643‌

2,406‌

$

36,925‌

Media

-

1

.08

%

Nine

Entertainment

Co

Holdings

Ltd

4,274,320‌

7,190‌

ProSiebenSat.1

Media

SE

(d)

334,206‌

4,846‌

$

12,036‌

Metal

Fabrication

&

Hardware

-

0

.66

%

Reliance

Worldwide

Corp

Ltd

1,040,480‌

3,162‌

SKF

AB

168,411‌

4,159‌

$

7,321‌

Mining

-

3

.73

%

Equinox

Gold

Corp

(d),(f)

237,100‌

2,342‌

IGO

Ltd

258,041‌

889‌

Lundin

Mining

Corp

1,249,500‌

9,987‌

NRW

Holdings

Ltd

1,489,823‌

2,879‌

OZ

Minerals

Ltd

815,792‌

9,767‌

Saracen

Mineral

Holdings

Ltd

(d)

1,643,668‌

5,709‌

Silver

Lake

Resources

Ltd

(d)

1,578,053‌

2,056‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Mining

(continued)

SSR

Mining

Inc

(d)

285,334‌

$

5,282‌

Wesdome

Gold

Mines

Ltd

(d)

286,400‌

2,514‌

$

41,425‌

Miscellaneous

Manufacturers

-

0

.90

%

Aalberts

NV

107,624‌

4,643‌

Trelleborg

AB

(d)

259,933‌

5,362‌

$

10,005‌

Office

&

Business

Equipment

-

0

.90

%

Canon

Marketing

Japan

Inc

149,100‌

3,116‌

Ricoh

Co

Ltd

774,300‌

5,157‌

Sato

Holdings

Corp

86,100‌

1,665‌

$

9,938‌

Oil

&

Gas

-

2

.10

%

Aker

BP

ASA

110,770‌

2,487‌

Beach

Energy

Ltd

5,405,204‌

6,902‌

DCC

PLC

72,456‌

5,455‌

Parex

Resources

Inc

(d)

460,367‌

6,310‌

Tourmaline

Oil

Corp

155,300‌

2,162‌

$

23,316‌

Packaging

&

Containers

-

1

.54

%

DS

Smith

PLC

(d)

1,597,863‌

6,993‌

SIG

Combibloc

Group

AG

(d)

437,373‌

10,104‌

$

17,097‌

Pharmaceuticals

-

3

.00

%

ALK-Abello

A/S

(d)

8,573‌

3,042‌

Clinigen

Group

Plc

182,308‌

1,584‌

Dechra

Pharmaceuticals

PLC

108,978‌

4,859‌

Hikma

Pharmaceuticals

PLC

226,740‌

7,832‌

Nippon

Shinyaku

Co

Ltd

72,000‌

5,162‌

Sawai

Pharmaceutical

Co

Ltd

130,900‌

5,902‌

Ship

Healthcare

Holdings

Inc

62,700‌

3,124‌

Towa

Pharmaceutical

Co

Ltd

96,100‌

1,752‌

$

33,257‌

Pipelines

-

0

.54

%

Keyera

Corp

(f)

166,100‌

2,866‌

Koninklijke

Vopak

NV

58,828‌

3,085‌

$

5,951‌

Private

Equity

-

0

.97

%

Intermediate

Capital

Group

PLC

400,392‌

8,636‌

JAFCO

Group

Co

ltd

50,500‌

2,161‌

$

10,797‌

Real

Estate

-

4

.33

%

CA

Immobilien

Anlagen

AG

66,138‌

2,291‌

Castellum

AB

370,476‌

9,188‌

Entra

ASA

(e),(f)

167,834‌

3,345‌

Hysan

Development

Co

Ltd

1,390,000‌

5,594‌

Kojamo

Oyj

155,324‌

3,232‌

LEG

Immobilien

AG

51,841‌

7,374‌

PSP

Swiss

Property

AG

68,405‌

8,317‌

TAG

Immobilien

AG

(d)

87,273‌

2,609‌

UOL

Group

Ltd

1,118,100‌

6,088‌

$

48,038‌

REITs

-

6

.37

%

alstria

office

REIT-AG

239,846‌

3,861‌

Canadian

Apartment

Properties

REIT

65,400‌

2,576‌

Charter

Hall

Group

923,316‌

9,255‌

Cofinimmo

SA

17,527‌

2,610‌

Frasers

Logistics

&

Commercial

Trust

3,593,400‌

3,687‌

GLP

J-Reit

(d)

4,255‌

6,402‌

Granite

Real

Estate

Investment

Trust

59,700‌

3,519‌

Inmobiliaria

Colonial

Socimi

SA

344,069‌

3,297‌

Japan

Hotel

REIT

Investment

Corp

9,217‌

4,518‌

Kenedix

Office

Investment

Corp

955‌

6,041‌

Keppel

DC

REIT

2,341,600‌

4,901‌

Mapletree

Industrial

Trust

2,748,400‌

6,001‌

MCUBS

MidCity

Investment

Corp

3,468‌

2,729‌

Mitsui

Fudosan

Logistics

Park

Inc

1,244‌

5,910‌

Summit

Industrial

Income

REIT

290,700‌

2,966‌

Schedule

of

Investments

International

Small

Company

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

106

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

REITs

(continued)

Waypoint

REIT

1,191,033‌

$

2,350‌

$

70,623‌

Retail

-

7

.22

%

ABC-Mart

Inc

52,100‌

2,713‌

B&M

European

Value

Retail

SA

1,478,294‌

9,347‌

cocokara

fine

Inc

44,800‌

3,257‌

Cosmos

Pharmaceutical

Corp

39,900‌

6,891‌

Grafton

Group

PLC

408,649‌

4,629‌

JD

Sports

Fashion

PLC

(d)

631,414‌

6,479‌

Man

Wah

Holdings

Ltd

2,147,200‌

3,937‌

Moncler

SpA

(d)

59,409‌

2,930‌

Ryohin

Keikaku

Co

Ltd

419,100‌

8,601‌

Saizeriya

Co

Ltd

131,400‌

2,252‌

Seiko

Holdings

Corp

125,900‌

1,618‌

Seria

Co

Ltd

172,700‌

6,094‌

Shop

Apotheke

Europe

NV

(d),(e)

22,845‌

3,589‌

Super

Retail

Group

Ltd

575,673‌

4,165‌

Sushiro

Global

Holdings

Ltd

304,600‌

9,712‌

Zur

Rose

Group

AG

(d)

12,799‌

3,868‌

$

80,082‌

Semiconductors

-

1

.02

%

ASM

International

NV

64,293‌

11,336‌

Shipbuilding

-

0

.11

%

Mitsui

E&S

Holdings

Co

Ltd

(d)

372,100‌

1,207‌

Software

-

2

.42

%

CompuGroup

Medical

SE

&

Co

KgaA

33,249‌

3,294‌

Descartes

Systems

Group

Inc/The

(d)

74,700‌

4,430‌

Kinaxis

Inc

(d)

26,000‌

3,920‌

LINK

Mobility

Group

Holding

ASA

(d)

887,357‌

4,987‌

Open

Text

Corp

90,600‌

3,999‌

TIS

Inc

311,500‌

6,186‌

$

26,816‌

Telecommunications

-

1

.93

%

Bezeq

The

Israeli

Telecommunication

Corp

Ltd

(d)

5,692,871‌

6,161‌

Eutelsat

Communications

SA

(f)

314,369‌

3,460‌

Proximus

SADP

233,806‌

4,881‌

Spark

New

Zealand

Ltd

2,148,223‌

6,869‌

$

21,371‌

Transportation

-

3

.18

%

ComfortDelGro

Corp

Ltd

4,119,000‌

5,039‌

Kamigumi

Co

Ltd

336,100‌

5,800‌

Nippon

Express

Co

Ltd

92,900‌

6,191‌

PostNL

NV

(d)

1,143,847‌

3,895‌

Sankyu

Inc

147,900‌

5,425‌

TFI

International

Inc

175,800‌

8,921‌

$

35,271‌

TOTAL

COMMON

STOCKS

$

1,082,214‌

PREFERRED

STOCKS

-

0

.29

%

Shares

Held

Value

(000's)

Machinery

-

Diversified

-

0

.29

%

Jungheinrich

AG

0.48%

73,858‌

$

3,217‌

TOTAL

PREFERRED

STOCKS

$

3,217‌

Total

Investments

$

1,136,336‌

Other

Assets

and

Liabilities

-  (2.42)%

(

26,860‌

)

TOTAL

NET

ASSETS

-

100.00%

$

1,109,476‌

(a)

Current

yield

shown

is

as

of

period

end.

(b)

Security

or

a

portion

of

the

security

was

received

as

collateral

for

securities

lending.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$43,166

or

3.89%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940)

or

an

affiliate

as

defined

by

the

Investment

Company

Act

of

1940

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(d)

Non-income

producing

security

(e)

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$47,640

or

4.29%

of

net

assets.

(f)

Security

or

a

portion

of

the

security

was

on

loan

at

the

end

of

the

period.

Portfolio

Summary  (unaudited)

Location

Percent

Japan

24

.78‌

%

United

Kingdom

11

.62‌

%

Canada

9

.09‌

%

Germany

6

.80‌

%

Australia

6

.51‌

%

United

States

4

.88‌

%

Netherlands

4

.75‌

%

Sweden

4

.41‌

%

Italy

4

.03‌

%

France

3

.94‌

%

Switzerland

3

.92‌

%

Denmark

3

.77‌

%

Singapore

2

.32‌

%

Ireland

2

.29‌

%

Israel

1

.63‌

%

Austria

1

.28‌

%

Norway

0

.97‌

%

Hong

Kong

0

.86‌

%

Isle

of

Man

0

.72‌

%

Jordan

0

.71‌

%

Belgium

0

.68‌

%

Finland

0

.65‌

%

New

Zealand

0

.62‌

%

Spain

0

.50‌

%

Malta

0

.35‌

%

Portugal

0

.22‌

%

Cambodia

0

.12‌

%

Other

Assets

and

Liabilities

(

2

.42‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

August

31,

2020

Purchases

Sales

November

30,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

34,884‌

$

147,219‌

$

153,634‌

$

28,469‌

$

34,884‌

$

147,219‌

$

153,634‌

$

28,469‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

Schedule

of

Investments

International

Small

Company

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

107

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

Opportunistic

Municipal

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

108

INVESTMENT

COMPANIES

-

0

.04

%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0

.04

%

SPDR

Nuveen

Bloomberg

Barclays

High

Yield

Municipal

Bond

ETF

435‌

$

25‌

VanEck

Vectors

Short

High

Yield

Muni

ETF

1,000‌

25‌

$

50‌

TOTAL

INVESTMENT

COMPANIES

$

50‌

MUNICIPAL

BONDS

-

99

.49

%

Principal

Amount

(000's)

Value

(000's)

Alabama

-

3

.95

%

Lower

Alabama

Gas

District/The

5.00%,

09/01/2034

$

1,500‌

$

2,062‌

Tuscaloosa

County

Industrial

Development

Authority

4.50%,

05/01/2032

(a)

1,000‌

1,108‌

5.25%,

05/01/2044

(a)

2,000‌

2,247‌

$

5,417‌

Arizona

-

4

.19

%

Arizona

Industrial

Development

Authority

5.00%,

01/01/2049

(a)

1,000‌

765‌

7.25%,

01/01/2054

(a)

1,000‌

860‌

Navajo

Nation

5.50%,

12/01/2030

(a)

2,500‌

2,774‌

Salt

Verde

Financial

Corp

5.00%,

12/01/2032

1,000‌

1,337‌

$

5,736‌

Arkansas

-

0

.77

%

Arkansas

Development

Finance

Authority

4.50%,

09/01/2049

(a)

1,000‌

1,052‌

California

-

3

.70

%

Abag

Finance

Authority

for

Nonprofit

Corps

5.00%,

08/01/2043

500‌

546‌

California

Statewide

Communities

Development

Authority

5.25%,

12/01/2048

(a)

1,000‌

1,141‌

California

Statewide

Communities

Development

Authority

(credit

support

from

Ginnie

Mae

Collateral

)

4.90%,

07/20/2039

(b)

500‌

506‌

California

Statewide

Financing

Authority

6.00%,

05/01/2043

1,000‌

1,009‌

La

Verne

Public

Financing

Authority

7.25%,

09/01/2026

430‌

431‌

Oakland

Unified

School

District/Alameda

County

5.00%,

08/01/2035

1,225‌

1,433‌

$

5,066‌

Colorado

-

4

.88

%

Centerra

Metropolitan

District

No

1

5.00%,

12/01/2037

(a)

1,000‌

1,045‌

Creekside

Village

Metropolitan

District

5.00%,

12/01/2039

1,255‌

1,306‌

Eagle

County

Airport

Terminal

Corp

5.00%,

05/01/2037

1,000‌

1,137‌

Elbert

County

Independence

Water

&

Sanitation

District

7.25%,

12/01/2038

1,000‌

1,095‌

Painted

Prairie

Public

Improvement

Authority

5.00%,

12/01/2049

500‌

528‌

Velocity

Metropolitan

District

No

3

5.50%,

12/01/2048

1,500‌

1,583‌

$

6,694‌

Connecticut

-

1

.73

%

Mohegan

Tribal

Finance

Authority

7.00%,

02/01/2045

(a)

2,400‌

2,369‌

District

of

Columbia

-

0

.81

%

District

of

Columbia

4.00%,

07/01/2039

1,000‌

1,111‌

Florida

-

3

.85

%

Greater

Orlando

Aviation

Authority

5.00%,

10/01/2047

(c)

2,999‌

3,517‌

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Florida

(continued)

Ocean

Highway

&

Port

Authority

5.50%,

12/01/2049

(a)

$

1,500‌

$

1,464‌

Orange

County

Housing

Finance

Authority

7.00%,

10/01/2025

300‌

301‌

$

5,282‌

Illinois

-

14

.97

%

City

of

Chicago

IL

5.50%,

01/01/2042

300‌

318‌

5.50%,

01/01/2049

1,000‌

1,091‌

6.00%,

01/01/2038

1,900‌

2,143‌

7.46%,

02/15/2026

1,707‌

1,241‌

City

of

Chicago

IL

Wastewater

Transmission

Revenue

5.00%,

01/01/2031

760‌

880‌

5.00%,

01/01/2039

1,200‌

1,369‌

Illinois

Finance

Authority

0.00%,

12/01/2042

(d)

300‌

199‌

4.00%,

10/01/2055

250‌

271‌

5.00%,

10/01/2035

250‌

314‌

Illinois

Sports

Facilities

Authority/The

5.00%,

06/15/2028

1,000‌

1,138‌

5.00%,

06/15/2029

1,000‌

1,144‌

Illinois

State

Toll

Highway

Authority

5.00%,

01/01/2040

(c)

4,991‌

5,843‌

Metropolitan

Pier

&

Exposition

Authority

4.00%,

06/15/2050

500‌

511‌

5.00%,

06/15/2050

1,000‌

1,117‌

5.00%,

06/15/2057

500‌

546‌

Metropolitan

Pier

&

Exposition

Authority

(credit

support

from

National

Public

Finance

Guarantee

Corp

)

5.50%,

06/15/2029

(b)

1,000‌

1,165‌

State

of

Illinois

5.50%,

07/01/2027

1,150‌

1,227‌

$

20,517‌

Indiana

-

0

.93

%

Indiana

Finance

Authority

7.00%,

03/01/2039

(a)

1,000‌

962‌

Town

of

Shoals

IN

7.25%,

11/01/2043

300‌

318‌

$

1,280‌

Louisiana

-

6

.90

%

Louisiana

Local

Government

Environmental

Facilities

&

Community

Development

Authority

4.40%,

11/01/2044

(a)

1,000‌

1,037‌

5.50%,

11/01/2039

(a)

800‌

865‌

5.65%,

11/01/2037

(a)

1,000‌

1,117‌

Louisiana

Public

Facilities

Authority

0.00%,

07/01/2039

(d)

278‌

—‌

Parish

of

St

James

LA

6.35%,

10/01/2040

(a)

4,000‌

4,814‌

Parish

of

St

John

the

Baptist

LA

2.10%,

06/01/2037

(e)

1,000‌

1,017‌

Port

New

Orleans

Board

of

Commissioners

5.00%,

04/01/2044

500‌

605‌

$

9,455‌

Maine

-

0

.81

%

Finance

Authority

of

Maine

5.25%,

01/01/2025

(a)

1,000‌

1,114‌

Maryland

-

0

.47

%

City

of

Westminster

MD

6.25%,

07/01/2044

600‌

650‌

Michigan

-

3

.23

%

Kalamazoo

Economic

Development

Corp

5.00%,

05/15/2032

1,000‌

1,095‌

Michigan

Finance

Authority

5.00%,

07/01/2035

1,000‌

1,168‌

Schedule

of

Investments

Opportunistic

Municipal

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

109

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Michigan

(continued)

Michigan

Strategic

Fund

5.00%,

11/15/2043

$

1,000‌

$

1,081‌

5.00%,

11/15/2049

1,000‌

1,084‌

$

4,428‌

Missouri

-

1

.99

%

City

of

St

Louis

MO

Airport

Revenue

(credit

support

from

National

Public

Finance

Guarantee

Corp

)

5.50%,

07/01/2028

(b)

400‌

521‌

Health

&

Educational

Facilities

Authority

of

the

State

of

Missouri

5.00%,

02/01/2034

1,000‌

1,113‌

Kansas

City

Industrial

Development

Authority

5.00%,

04/01/2046

(a)

1,100‌

1,089‌

$

2,723‌

Montana

-

1

.04

%

City

of

Kalispell

MT

5.25%,

05/15/2037

1,400‌

1,426‌

Nevada

-

1

.84

%

Las

Vegas

Convention

&

Visitors

Authority

5.00%,

07/01/2043

(c)

1,396‌

1,653‌

State

of

Nevada

Department

of

Business

&

Industry

5.13%,

12/15/2037

(a)

1,000‌

874‌

$

2,527‌

New

Hampshire

-

1

.84

%

New

Hampshire

Business

Finance

Authority

2.95%,

04/01/2029

(a),(e)

1,000‌

1,010‌

New

Hampshire

Health

and

Education

Facilities

Authority

Act

5.00%,

08/01/2059

1,000‌

1,507‌

$

2,517‌

New

Jersey

-

8

.08

%

Casino

Reinvestment

Development

Authority

Inc

5.25%,

11/01/2039

250‌

261‌

New

Jersey

Economic

Development

Authority

5.00%,

07/15/2028

500‌

584‌

5.00%,

06/15/2047

500‌

568‌

5.25%,

06/15/2040

55‌

67‌

5.25%,

06/15/2040

945‌

1,058‌

5.63%,

11/15/2030

1,500‌

1,591‌

5.75%,

09/15/2027

500‌

502‌

New

Jersey

Transportation

Trust

Fund

Authority

5.25%,

06/15/2032

2,000‌

2,247‌

South

Jersey

Port

Corp

5.00%,

01/01/2048

1,000‌

1,109‌

South

Jersey

Transportation

Authority

(credit

support

from

Assured

Guaranty

Municipal

Corp

)

5.00%,

11/01/2029

(b)

500‌

655‌

State

of

New

Jersey

4.00%,

06/01/2031

2,000‌

2,438‌

$

11,080‌

New

York

-

4

.79

%

New

York

Counties

Tobacco

Trust

VI

5.00%,

06/01/2041

400‌

446‌

New

York

State

Thruway

Authority

5.25%,

01/01/2056

1,000‌

1,162‌

New

York

Transportation

Development

Corp

4.00%,

10/01/2030

1,000‌

1,126‌

4.00%,

12/01/2038

(f)

300‌

337‌

4.00%,

12/01/2042

(f)

300‌

335‌

5.00%,

12/01/2030

(f)

350‌

438‌

5.00%,

12/01/2035

(f)

400‌

492‌

5.00%,

01/01/2036

1,000‌

1,133‌

5.38%,

08/01/2036

1,000‌

1,095‌

$

6,564‌

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

North

Carolina

-

1

.26

%

Charlotte-Mecklenburg

Hospital

Authority/The

0.12%,

01/15/2038

(e)

$

800‌

$

800‌

North

Carolina

Medical

Care

Commission

5.00%,

10/01/2050

800‌

930‌

$

1,730‌

Ohio

-

4

.22

%

Buckeye

Tobacco

Settlement

Financing

Authority

5.00%,

06/01/2055

3,000‌

3,371‌

Ohio

Air

Quality

Development

Authority

4.50%,

01/15/2048

(a)

1,000‌

1,098‌

5.00%,

07/01/2049

(a)

1,000‌

1,038‌

Ohio

State

Air

Quality

Development

Authority

Escrow

0.00%,

12/01/2023

(d),(g)

1,000‌

273‌

$

5,780‌

Oklahoma

-

1

.64

%

Oklahoma

Development

Finance

Authority

5.25%,

08/15/2043

1,000‌

1,185‌

Tulsa

County

Industrial

Authority

5.25%,

11/15/2045

1,000‌

1,063‌

$

2,248‌

Oregon

-

0

.40

%

Oregon

State

Business

Development

Commission

0.00%,

04/01/2031

(a),(d)

1,000‌

550‌

Pennsylvania

-

5

.17

%

Allegheny

County

Industrial

Development

Authority

4.88%,

11/01/2024

500‌

487‌

Commonwealth

Financing

Authority

5.00%,

06/01/2028

1,000‌

1,292‌

5.00%,

06/01/2035

1,000‌

1,248‌

Lancaster

County

Hospital

Authority/PA

5.00%,

07/01/2045

1,000‌

1,048‌

Pennsylvania

Economic

Development

Financing

Authority

3.25%,

08/01/2039

(a)

1,000‌

973‌

5.50%,

11/01/2044

1,000‌

1,035‌

5.75%,

06/01/2036

(a)

1,000‌

999‌

$

7,082‌

South

Carolina

-

0

.38

%

South

Carolina

Jobs-Economic

Development

Authority

5.25%,

11/15/2052

500‌

521‌

South

Dakota

-

0

.37

%

Oglala

Sioux

Tribe

5.75%,

10/01/2025

(a)

500‌

500‌

Tennessee

-

2

.61

%

Chattanooga

Health

Educational

&

Housing

Facility

Board

5.00%,

10/01/2028

1,050‌

1,099‌

5.00%,

10/01/2035

500‌

512‌

Metropolitan

Government

Nashville

&

Davidson

County

Health

&

Educational

Facilities

Board

5.00%,

07/01/2040

1,000‌

1,172‌

Nashville

Metropolitan

Development

&

Housing

Agency

5.13%,

06/01/2036

(a)

750‌

798‌

$

3,581‌

Texas

-

6

.51

%

Grand

Parkway

Transportation

Corp

3.00%,

10/01/2050

1,250‌

1,300‌

North

Texas

Tollway

Authority

5.00%,

01/01/2045

615‌

700‌

5.00%,

01/01/2048

500‌

587‌

Port

Beaumont

Navigation

District

4.00%,

01/01/2050

(a)

3,500‌

3,534‌

Schedule

of

Investments

Opportunistic

Municipal

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

110

MUNICIPAL

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Texas

(continued)

Texas

Municipal

Gas

Acquisition

and

Supply

Corp

I

6.25%,

12/15/2026

$

2,100‌

$

2,464‌

Texas

Private

Activity

Bond

Surface

Transportation

Corp

7.00%,

12/31/2038

300‌

344‌

$

8,929‌

Utah

-

1

.05

%

Utah

Infrastructure

Agency

5.25%,

10/15/2033

1,250‌

1,435‌

Vermont

-

1

.07

%

Vermont

Economic

Development

Authority

4.63%,

04/01/2036

(a),(e)

1,300‌

1,463‌

Virginia

-

1

.10

%

Amelia

County

Industrial

Development

Authority

3.00%,

04/01/2027

(e)

1,500‌

1,511‌

Wisconsin

-

2

.94

%

Public

Finance

Authority

5.00%,

01/01/2024

500‌

553‌

5.00%,

12/01/2025

1,200‌

1,396‌

5.00%,

09/01/2039

(a)

1,000‌

1,120‌

Wisconsin

Health

&

Educational

Facilities

Authority

5.50%,

07/01/2023

70‌

68‌

6.00%,

07/01/2028

170‌

160‌

6.50%,

07/01/2033

300‌

272‌

7.00%,

07/01/2043

500‌

455‌

$

4,024‌

TOTAL

MUNICIPAL

BONDS

$

136,362‌

Total

Investments

$

136,412‌

Liability

for

Floating

Rate

Notes

Issued

in

Conjunction

with

Securities

Held

-

(4.40)%

Notes

with

interest

rates

of

0.14%

-

0.41%

at

November

30,

2020

and

contractual

maturity

of

collateral

from

2024-2026.

(h)

$

(

6,023‌

)

(

6,023‌

)

Total

Net

Investments

$

130,389‌

Other

Assets

and

Liabilities

-  4.87%

6,668‌

TOTAL

NET

ASSETS

-

100.00%

$

137,057‌

(a)

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$39,780

or

29.02%

of

net

assets.

(b)

Credit

support

indicates

investments

that

benefit

from

credit

enhancement

or

liquidity

support

provided

by

a

third

party

bank,

institution,

or

government

agency.

(c)

Security

or

portion

of

underlying

security

related

to

Inverse

Floaters

entered

into

by

the

fund.

See

notes

for

additional

information.

(d)

Non-income

producing

security

(e)

Certain

variable

rate

securities

are

not

based

on

a

published

reference

rate

and

spread

but

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.

Rate

shown

is

the

rate

in

effect

as

of

period

end.

(f)

Security

purchased

on

a

when-issued

basis.

(g)

Fair

value

of

these

investments

is

determined

in

good

faith

by

the

Manager

under

procedures

established

and

periodically

reviewed

by

the

Board

of

Directors.

Certain

inputs

used

in

the

valuation

may

be

unobservable;

however,

each

security

is

evaluated

individually

for

purposes

of

ASC

820

which

results

in

not

all

securities

being

identified

as

Level

3

of

the

fair

value

hierarchy.

At

the

end

of

the

period,

the

fair

value

of

these

securities

totaled

$273

or

0.20%

of

net

assets.

(h)

Floating

rate

securities.

The

interest

rate(s)

shown

reflect

the

rates

in

effect

at

November

30,

2020.

Portfolio

Summary  (unaudited)

Sector

Percent

Revenue

Bonds

85

.55‌

%

General

Obligation

Unlimited

6

.32‌

%

General

Obligation

Limited

2

.10‌

%

Insured

2

.08‌

%

Tax

Allocation

1

.34‌

%

Certificate

Participation

0

.91‌

%

Prerefunded

0

.82‌

%

Special

Tax

0

.37‌

%

Investment

Companies

0

.04‌

%

Liability

For

Floating

Rate

Notes

Issued

(

4

.40‌

)

%

Other

Assets

and

Liabilities

4

.87‌

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

Origin

Emerging

Markets

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

111

INVESTMENT

COMPANIES

-

1

.55

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

1

.55

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.04%

(a),(b)

22‌

$

—‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(c),(d)

27,224,074‌

27,224‌

$

27,224‌

TOTAL

INVESTMENT

COMPANIES

$

27,224‌

COMMON

STOCKS

-

97

.12

%

Shares

Held

Value

(000's)

Aerospace

&

Defense

-

1

.15

%

Aselsan

Elektronik

Sanayi

Ve

Ticaret

AS

9,139,800‌

$

20,204‌

Apparel

-

0

.78

%

Shenzhou

International

Group

Holdings

Ltd

814,000‌

13,681‌

Automobile

Parts

&

Equipment

-

1

.54

%

Hyundai

Mobis

Co

Ltd

72,600‌

16,027‌

Weichai

Power

Co

Ltd

5,338,800‌

10,903‌

$

26,930‌

Banks

-

4

.12

%

Banco

do

Brasil

SA

1,317,200‌

8,389‌

Bank

Mandiri

Persero

Tbk

PT

21,296,700‌

9,552‌

China

Merchants

Bank

Co

Ltd

5,212,600‌

33,039‌

Grupo

Financiero

Banorte

SAB

de

CV

(d)

2,227,800‌

11,092‌

Sberbank

of

Russia

PJSC

ADR

772,300‌

10,188‌

$

72,260‌

Beverages

-

0

.62

%

Kweichow

Moutai

Co

Ltd

41,948‌

10,906‌

Building

Materials

-

3

.48

%

Anhui

Conch

Cement

Co

Ltd

2,079,200‌

13,290‌

China

National

Building

Material

Co

Ltd

6,751,900‌

8,852‌

China

Resources

Cement

Holdings

Ltd

10,588,200‌

13,150‌

Gansu

Qilianshan

Cement

Group

Co

Ltd

3,286,944‌

7,615‌

Jiangxi

Wannianqing

Cement

Co

Ltd

3,599,949‌

8,115‌

Taiwan

Cement

Corp

6,657,441‌

10,019‌

$

61,041‌

Chemicals

-

1

.64

%

Coromandel

International

Ltd

877,000‌

9,760‌

Hansol

Chemical

Co

Ltd

52,937‌

7,481‌

Soulbrain

Co

Ltd/New

(d)

49,612‌

11,443‌

$

28,684‌

Coal

-

0

.52

%

Shaanxi

Coal

Industry

Co

Ltd

5,721,968‌

9,076‌

Commercial

Services

-

1

.36

%

China

Yuhua

Education

Corp

Ltd

(e)

13,150,269‌

12,419‌

New

Oriental

Education

&

Technology

Group

Inc

ADR

(d)

69,100‌

11,391‌

$

23,810‌

Computers

-

3

.93

%

Asustek

Computer

Inc

1,606,300‌

14,011‌

Gigabyte

Technology

Co

Ltd

3,650,400‌

10,053‌

Infosys

Ltd

ADR

2,082,818‌

31,701‌

Phison

Electronics

Corp

1,158,500‌

13,127‌

$

68,892‌

Diversified

Financial

Services

-

5

.13

%

B3

SA

-

Brasil

Bolsa

Balcao

1,658,200‌

17,373‌

Chailease

Holding

Co

Ltd

2,330,790‌

12,787‌

E.Sun

Financial

Holding

Co

Ltd

11,437,084‌

10,121‌

Hana

Financial

Group

Inc

552,000‌

16,777‌

KB

Financial

Group

Inc

302,000‌

12,485‌

Manappuram

Finance

Ltd

3,413,500‌

8,225‌

Muthoot

Finance

Ltd

786,800‌

12,205‌

$

89,973‌

Electrical

Components

&

Equipment

-

2

.47

%

Delta

Electronics

Inc

4,318,000‌

34,041‌

LG

Innotek

Co

Ltd

65,500‌

9,200‌

$

43,241‌

Electronics

-

4

.75

%

BYD

Electronic

International

Co

Ltd

3,420,700‌

16,920‌

Lotes

Co

Ltd

575,000‌

8,982‌

Luxshare

Precision

Industry

Co

Ltd

1,537,121‌

12,077‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Electronics

(continued)

Micro-Star

International

Co

Ltd

3,899,800‌

$

17,080‌

Radiant

Opto-Electronics

Corp

2,399,800‌

9,774‌

Tripod

Technology

Corp

1,963,600‌

8,445‌

Zhen

Ding

Technology

Holding

Ltd

2,305,300‌

9,991‌

$

83,269‌

Engineering

&

Construction

-

0

.42

%

Daelim

Industrial

Co

Ltd

101,850‌

7,371‌

Environmental

Control

-

0

.69

%

China

Conch

Venture

Holdings

Ltd

2,557,400‌

12,108‌

Food

-

2

.84

%

BIM

Birlesik

Magazalar

AS

1,233,800‌

11,053‌

Dino

Polska

SA

(d),(e)

276,100‌

18,598‌

Marfrig

Global

Foods

SA

(d)

4,670,100‌

12,770‌

X5

Retail

Group

NV

203,700‌

7,290‌

$

49,711‌

Gas

-

1

.38

%

ENN

Energy

Holdings

Ltd

1,838,000‌

24,247‌

Home

Furnishings

-

0

.54

%

E

Ink

Holdings

Inc

6,590,600‌

9,500‌

Insurance

-

2

.79

%

BB

Seguridade

Participacoes

SA

2,283,400‌

12,356‌

Cathay

Financial

Holding

Co

Ltd

6,022,000‌

8,535‌

PICC

Property

&

Casualty

Co

Ltd

12,714,100‌

10,491‌

Ping

An

Insurance

Group

Co

of

China

Ltd

1,485,300‌

17,469‌

$

48,851‌

Internet

-

22

.84

%

Alibaba

Group

Holding

Ltd

ADR

(d)

552,700‌

145,559‌

Autohome

Inc

ADR

148,000‌

13,974‌

Baidu

Inc

ADR

(d)

120,000‌

16,679‌

JD.com

Inc

ADR

(d)

212,106‌

18,103‌

Meituan

(d)

683,700‌

25,568‌

Naspers

Ltd

283,900‌

57,075‌

NCSoft

Corp

14,400‌

10,581‌

Tencent

Holdings

Ltd

1,547,305‌

112,795‌

$

400,334‌

Iron

&

Steel

-

0

.56

%

Kumba

Iron

Ore

Ltd

289,600‌

9,843‌

Machinery

-

Construction

&

Mining

-

1

.06

%

Sany

Heavy

Industry

Co

Ltd

2,013,961‌

9,400‌

Zoomlion

Heavy

Industry

Science

and

Technology

Co

Ltd

8,712,100‌

9,096‌

$

18,496‌

Mining

-

2

.79

%

Grupo

Mexico

SAB

de

CV

2,776,000‌

10,096‌

MMC

Norilsk

Nickel

PJSC

ADR

521,946‌

14,630‌

Polymetal

International

PLC

1,162,200‌

24,211‌

$

48,937‌

Miscellaneous

Manufacturers

-

0

.62

%

Elite

Material

Co

Ltd

1,969,100‌

10,781‌

Oil

&

Gas

-

1

.43

%

Reliance

Industries

Ltd

969,700‌

25,075‌

Pharmaceuticals

-

4

.15

%

Alkem

Laboratories

Ltd

182,202‌

6,974‌

Aurobindo

Pharma

Ltd

784,500‌

9,119‌

Changchun

High

&

New

Technology

Industry

Group

Inc

180,352‌

10,043‌

Chong

Kun

Dang

Pharmaceutical

Corp

63,000‌

9,916‌

CSPC

Pharmaceutical

Group

Ltd

15,506,688‌

15,073‌

Shanghai

Fosun

Pharmaceutical

Group

Co

Ltd

1,792,000‌

7,517‌

Sino

Biopharmaceutical

Ltd

14,080,850‌

14,132‌

$

72,774‌

Real

Estate

-

2

.31

%

China

Vanke

Co

Ltd

4,496,600‌

17,079‌

Country

Garden

Services

Holdings

Co

Ltd

2,242,400‌

12,529‌

Longfor

Group

Holdings

Ltd

(e)

1,655,400‌

10,818‌

$

40,426‌

Schedule

of

Investments

Origin

Emerging

Markets

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

112

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Retail

-

2

.19

%

ANTA

Sports

Products

Ltd

1,687,600‌

$

22,901‌

Zhongsheng

Group

Holdings

Ltd

2,060,900‌

15,495‌

$

38,396‌

Semiconductors

-

15

.18

%

Novatek

Microelectronics

Corp

2,787,800‌

29,260‌

Parade

Technologies

Ltd

321,200‌

11,674‌

Realtek

Semiconductor

Corp

863,900‌

11,230‌

Samsung

Electronics

Co

Ltd

27,690‌

41,947‌

Samsung

Electronics

Co

Ltd

544,100‌

32,799‌

Taiwan

Semiconductor

Manufacturing

Co

Ltd

1,056,607‌

17,985‌

Taiwan

Semiconductor

Manufacturing

Co

Ltd

ADR

1,249,417‌

121,219‌

$

266,114‌

Software

-

3

.25

%

HCL

Technologies

Ltd

3,544,100‌

39,122‌

NetEase

Inc

ADR

198,000‌

17,893‌

$

57,015‌

Telecommunications

-

0

.59

%

Telekomunikasi

Indonesia

Persero

Tbk

PT

45,217,900‌

10,335‌

TOTAL

COMMON

STOCKS

$

1,702,281‌

PREFERRED

STOCKS

-

1

.57

%

Shares

Held

Value

(000's)

Banks

-

1

.57

%

Banco

Bradesco

SA

0.02%

6,017,570‌

$

27,451‌

TOTAL

PREFERRED

STOCKS

$

27,451‌

Total

Investments

$

1,756,956‌

Other

Assets

and

Liabilities

-  (0.24)%

(

4,172‌

)

TOTAL

NET

ASSETS

-

100.00%

$

1,752,784‌

(a)

Current

yield

shown

is

as

of

period

end.

(b)

Security

or

a

portion

of

the

security

was

received

as

collateral

for

securities

lending.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$0

or

0.00%

of

net

assets.

(c)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940)

or

an

affiliate

as

defined

by

the

Investment

Company

Act

of

1940

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(d)

Non-income

producing

security

(e)

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$41,835

or

2.39%

of

net

assets.

Portfolio

Summary  (unaudited)

Location

Percent

China

40

.69‌

%

Taiwan

21

.60‌

%

Korea,

Republic

Of

10

.04‌

%

India

8

.11‌

%

Brazil

4

.47‌

%

South

Africa

3

.82‌

%

Russian

Federation

1

.83‌

%

Turkey

1

.78‌

%

Hong

Kong

1

.56‌

%

United

States

1

.55‌

%

Cyprus

1

.38‌

%

Mexico

1

.21‌

%

Indonesia

1

.14‌

%

Poland

1

.06‌

%

Other

Assets

and

Liabilities

(

0

.24‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

August

31,

2020

Purchases

Sales

November

30,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

77,485‌

$

234,508‌

$

284,769‌

$

27,224‌

$

77,485‌

$

234,508‌

$

284,769‌

$

27,224‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

Small-MidCap

Dividend

Income

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

113

INVESTMENT

COMPANIES

-

1

.98

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

1

.98

%

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c)

31,349,601‌

$

31,350‌

TOTAL

INVESTMENT

COMPANIES

$

31,350‌

COMMON

STOCKS

-

97

.93

%

Shares

Held

Value

(000's)

Advertising

-

0

.84

%

Interpublic

Group

of

Cos

Inc/The

594,736‌

$

13,251‌

Automobile

Parts

&

Equipment

-

2

.28

%

Linamar

Corp

783,834‌

36,105‌

Banks

-

10

.30

%

Bank

OZK

1,466,808‌

41,012‌

Cathay

General

Bancorp

721,640‌

20,387‌

Cullen/Frost

Bankers

Inc

234,966‌

19,716‌

East

West

Bancorp

Inc

950,542‌

40,607‌

ServisFirst

Bancshares

Inc

676,610‌

25,562‌

Washington

Trust

Bancorp

Inc

391,207‌

15,382‌

$

162,666‌

Chemicals

-

4

.20

%

HB

Fuller

Co

216,610‌

11,335‌

Huntsman

Corp

1,119,942‌

27,741‌

RPM

International

Inc

309,147‌

27,208‌

$

66,284‌

Commercial

Services

-

0

.80

%

John

Wiley

&

Sons

Inc

366,344‌

12,654‌

Computers

-

2

.83

%

Amdocs

Ltd

395,349‌

26,018‌

Leidos

Holdings

Inc

185,964‌

18,726‌

$

44,744‌

Consumer

Products

-

2

.23

%

Avery

Dennison

Corp

236,115‌

35,261‌

Diversified

Financial

Services

-

2

.30

%

Federal

Agricultural

Mortgage

Corp

185,886‌

12,584‌

Raymond

James

Financial

Inc

261,671‌

23,799‌

$

36,383‌

Electric

-

2

.47

%

ALLETE

Inc

495,079‌

27,843‌

IDACORP

Inc

75,775‌

6,864‌

Portland

General

Electric

Co

104,381‌

4,319‌

$

39,026‌

Electrical

Components

&

Equipment

-

3

.61

%

Energizer

Holdings

Inc

560,920‌

23,497‌

Littelfuse

Inc

139,676‌

33,596‌

$

57,093‌

Electronics

-

3

.21

%

Hubbell

Inc

146,234‌

23,630‌

nVent

Electric

PLC

1,175,501‌

27,036‌

$

50,666‌

Engineering

&

Construction

-

0

.41

%

Comfort

Systems

USA

Inc

127,648‌

6,432‌

Food

-

1

.73

%

Ingredion

Inc

354,645‌

27,361‌

Gas

-

0

.98

%

ONE

Gas

Inc

75,213‌

5,955‌

Spire

Inc

149,476‌

9,561‌

$

15,516‌

Hand

&

Machine

Tools

-

5

.64

%

Lincoln

Electric

Holdings

Inc

246,004‌

28,290‌

MSA

Safety

Inc

214,292‌

32,024‌

Snap-on

Inc

163,336‌

28,723‌

$

89,037‌

Healthcare

-

Products

-

6

.65

%

CONMED

Corp

332,034‌

33,831‌

Hill-Rom

Holdings

Inc

140,346‌

13,313‌

LeMaitre

Vascular

Inc

172,659‌

6,801‌

STERIS

PLC

199,596‌

38,684‌

Teleflex

Inc

32,437‌

12,415‌

$

105,044‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Home

Builders

-

2

.27

%

LCI

Industries

284,617‌

$

35,799‌

Insurance

-

6

.08

%

Assured

Guaranty

Ltd

697,519‌

21,016‌

Fidelity

National

Financial

Inc

1,261,935‌

45,417‌

James

River

Group

Holdings

Ltd

651,180‌

29,681‌

$

96,114‌

Leisure

Products

&

Services

-

5

.01

%

Acushnet

Holdings

Corp

1,030,051‌

38,833‌

Brunswick

Corp/DE

540,742‌

40,361‌

$

79,194‌

Machinery

-

Diversified

-

3

.96

%

Albany

International

Corp

297,912‌

20,416‌

Crane

Co

301,070‌

20,934‌

Nordson

Corp

103,971‌

21,190‌

$

62,540‌

Media

-

0

.72

%

Cable

One

Inc

5,725‌

11,339‌

Metal

Fabrication

&

Hardware

-

1

.92

%

Timken

Co/The

414,131‌

30,414‌

Miscellaneous

Manufacturers

-

1

.60

%

Donaldson

Co

Inc

181,390‌

9,657‌

EnPro

Industries

Inc

221,288‌

15,670‌

$

25,327‌

Oil

&

Gas

-

2

.47

%

Cimarex

Energy

Co

410,558‌

14,760‌

Diamondback

Energy

Inc

293,024‌

11,709‌

HollyFrontier

Corp

537,236‌

12,566‌

$

39,035‌

Packaging

&

Containers

-

1

.50

%

Packaging

Corp

of

America

182,277‌

23,696‌

Pharmaceuticals

-

0

.40

%

Phibro

Animal

Health

Corp

331,603‌

6,264‌

Pipelines

-

0

.95

%

Targa

Resources

Corp

636,857‌

14,966‌

REITs

-

12

.21

%

Agree

Realty

Corp

294,899‌

19,434‌

Camden

Property

Trust

85,983‌

8,498‌

CyrusOne

Inc

440,817‌

30,818‌

EastGroup

Properties

Inc

153,144‌

20,878‌

Four

Corners

Property

Trust

Inc

619,740‌

17,359‌

Granite

Real

Estate

Investment

Trust

374,298‌

22,062‌

Medical

Properties

Trust

Inc

1,064,266‌

20,647‌

National

Health

Investors

Inc

169,071‌

10,932‌

STORE

Capital

Corp

804,849‌

26,206‌

Terreno

Realty

Corp

277,916‌

16,102‌

$

192,936‌

Retail

-

0

.40

%

Papa

John's

International

Inc

78,585‌

6,315‌

Semiconductors

-

4

.61

%

Kulicke

&

Soffa

Industries

Inc

406,329‌

12,373‌

MKS

Instruments

Inc

324,114‌

44,721‌

Monolithic

Power

Systems

Inc

49,008‌

15,681‌

$

72,775‌

Shipbuilding

-

1

.16

%

Huntington

Ingalls

Industries

Inc

114,160‌

18,287‌

Software

-

0

.45

%

ManTech

International

Corp/VA

91,689‌

7,057‌

Toys,

Games

&

Hobbies

-

1

.74

%

Hasbro

Inc

295,818‌

27,520‌

TOTAL

COMMON

STOCKS

$

1,547,101‌

Total

Investments

$

1,578,451‌

Other

Assets

and

Liabilities

-  0.09%

1,451‌

TOTAL

NET

ASSETS

-

100.00%

$

1,579,902‌

Schedule

of

Investments

Small-MidCap

Dividend

Income

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

114

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940)

or

an

affiliate

as

defined

by

the

Investment

Company

Act

of

1940

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

(c)

Current

yield

shown

is

as

of

period

end.

Portfolio

Summary  (unaudited)

Sector

Percent

Financial

30

.89‌

%

Industrial

23

.01‌

%

Consumer,

Non-cyclical

11

.81‌

%

Consumer,

Cyclical

11

.70‌

%

Technology

7

.89‌

%

Basic

Materials

4

.20‌

%

Utilities

3

.45‌

%

Energy

3

.42‌

%

Money

Market

Funds

1

.98‌

%

Communications

1

.56‌

%

Other

Assets

and

Liabilities

0

.09‌

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

August

31,

2020

Purchases

Sales

November

30,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

15,508‌

$

231,642‌

$

215,800‌

$

31,350‌

$

15,508‌

$

231,642‌

$

215,800‌

$

31,350‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

Small-MidCap

Growth

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

115

INVESTMENT

COMPANIES

-

0

.80

%

Shares

Held

Value

(000's)

Money

Market

Funds

-

0

.80

%

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

(a),(b),(c)

75,603‌

$

76‌

TOTAL

INVESTMENT

COMPANIES

$

76‌

COMMON

STOCKS

-

99

.76

%

Shares

Held

Value

(000's)

Airlines

-

1

.35

%

Allegiant

Travel

Co

756‌

$

129‌

Apparel

-

3

.25

%

Crocs

Inc

(b)

1,595‌

94‌

Deckers

Outdoor

Corp

(b)

661‌

168‌

Tapestry

Inc

1,678‌

48‌

$

310‌

Automobile

Parts

&

Equipment

-

2

.37

%

Visteon

Corp

(b)

1,870‌

226‌

Banks

-

4

.75

%

Pinnacle

Financial

Partners

Inc

1,746‌

95‌

SVB

Financial

Group

(b)

1,036‌

357‌

$

452‌

Beverages

-

0

.48

%

Boston

Beer

Co

Inc/The

(b)

50‌

46‌

Biotechnology

-

7

.62

%

Arrowhead

Pharmaceuticals

Inc

(b)

1,175‌

73‌

Biohaven

Pharmaceutical

Holding

Co

Ltd

(b)

2,408‌

214‌

Blueprint

Medicines

Corp

(b)

440‌

48‌

CRISPR

Therapeutics

AG

(b)

481‌

61‌

Denali

Therapeutics

Inc

(b)

720‌

44‌

Fate

Therapeutics

Inc

(b)

1,406‌

82‌

Mirati

Therapeutics

Inc

(b)

393‌

94‌

Trillium

Therapeutics

Inc

(b)

2,557‌

51‌

Ultragenyx

Pharmaceutical

Inc

(b)

497‌

59‌

$

726‌

Building

Materials

-

2

.46

%

Masonite

International

Corp

(b)

992‌

99‌

Trex

Co

Inc

(b)

1,797‌

135‌

$

234‌

Commercial

Services

-

0

.75

%

ASGN

Inc

(b)

906‌

71‌

Computers

-

1

.53

%

Crowdstrike

Holdings

Inc

(b)

551‌

84‌

Zscaler

Inc

(b)

397‌

62‌

$

146‌

Cosmetics

&

Personal

Care

-

1

.79

%

elf

Beauty

Inc

(b)

7,799‌

170‌

Distribution

&

Wholesale

-

0

.44

%

SiteOne

Landscape

Supply

Inc

(b)

303‌

42‌

Diversified

Financial

Services

-

3

.83

%

Ally

Financial

Inc

4,389‌

130‌

OneMain

Holdings

Inc

3,656‌

143‌

Tradeweb

Markets

Inc

1,549‌

92‌

$

365‌

Electrical

Components

&

Equipment

-

2

.32

%

Littelfuse

Inc

919‌

221‌

Energy

-

Alternate

Sources

-

5

.12

%

Enphase

Energy

Inc

(b)

989‌

135‌

First

Solar

Inc

(b)

986‌

92‌

Plug

Power

Inc

(b)

7,937‌

209‌

Sunnova

Energy

International

Inc

(b)

1,272‌

52‌

$

488‌

Engineering

&

Construction

-

1

.10

%

TopBuild

Corp

(b)

601‌

105‌

Entertainment

-

2

.61

%

Caesars

Entertainment

Inc

(b)

2,475‌

169‌

Penn

National

Gaming

Inc

(b)

1,147‌

80‌

$

249‌

Food

-

2

.11

%

Hain

Celestial

Group

Inc/The

(b)

2,605‌

100‌

Performance

Food

Group

Co

(b)

2,320‌

101‌

$

201‌

COMMON

STOCKS

(continued)

Shares

Held

Value

(000’s)

Healthcare

-

Products

-

12

.87

%

Alphatec

Holdings

Inc

(b)

5,345‌

$

56‌

Axonics

Modulation

Technologies

Inc

(b)

1,677‌

74‌

Inspire

Medical

Systems

Inc

(b)

1,166‌

216‌

Insulet

Corp

(b)

880‌

227‌

iRhythm

Technologies

Inc

(b)

183‌

45‌

NanoString

Technologies

Inc

(b)

1,321‌

65‌

Natera

Inc

(b)

3,203‌

283‌

Repligen

Corp

(b)

500‌

95‌

Tandem

Diabetes

Care

Inc

(b)

1,759‌

165‌

$

1,226‌

Healthcare

-

Services

-

0

.98

%

Amedisys

Inc

(b)

201‌

49‌

LHC

Group

Inc

(b)

224‌

44‌

$

93‌

Home

Furnishings

-

0

.54

%

Sonos

Inc

(b)

2,295‌

51‌

Insurance

-

0

.47

%

Lemonade

Inc

(b)

644‌

45‌

Internet

-

7

.48

%

Anaplan

Inc

(b)

2,816‌

197‌

Q2

Holdings

Inc

(b)

1,085‌

123‌

Zendesk

Inc

(b)

2,290‌

305‌

Zillow

Group

Inc

-

A

Shares

(b)

786‌

87‌

$

712‌

Leisure

Products

&

Services

-

1

.73

%

Norwegian

Cruise

Line

Holdings

Ltd

(b)

4,026‌

92‌

YETI

Holdings

Inc

(b)

1,158‌

73‌

$

165‌

Machinery

-

Diversified

-

2

.98

%

Altra

Industrial

Motion

Corp

2,540‌

144‌

Chart

Industries

Inc

(b)

1,352‌

140‌

$

284‌

Metal

Fabrication

&

Hardware

-

1

.23

%

Timken

Co/The

1,599‌

117‌

Pharmaceuticals

-

3

.86

%

Horizon

Therapeutics

Plc

(b)

4,038‌

284‌

Jazz

Pharmaceuticals

PLC

(b)

336‌

47‌

Seres

Therapeutics

Inc

(b)

1,327‌

37‌

$

368‌

Retail

-

7

.79

%

Cheesecake

Factory

Inc/The

1,309‌

49‌

Five

Below

Inc

(b)

550‌

86‌

Floor

&

Decor

Holdings

Inc

(b)

3,183‌

255‌

National

Vision

Holdings

Inc

(b)

2,936‌

126‌

Shake

Shack

Inc

(b)

1,736‌

142‌

Ulta

Beauty

Inc

(b)

307‌

84‌

$

742‌

Semiconductors

-

7

.62

%

Ambarella

Inc

(b)

2,136‌

167‌

Cree

Inc

(b)

1,415‌

128‌

Inphi

Corp

(b)

514‌

79‌

MACOM

Technology

Solutions

Holdings

Inc

(b)

3,643‌

163‌

MaxLinear

Inc

(b)

2,470‌

77‌

Teradyne

Inc

1,013‌

112‌

$

726‌

Software

-

8

.33

%

Cardlytics

Inc

(b)

668‌

79‌

Cloudflare

Inc

(b)

1,428‌

107‌

Five9

Inc

(b)

595‌

93‌

MongoDB

Inc

(b)

359‌

103‌

Nuance

Communications

Inc

(b)

7,503‌

324‌

RingCentral

Inc

(b)

294‌

87‌

$

793‌

TOTAL

COMMON

STOCKS

$

9,503‌

Total

Investments

$

9,579‌

Other

Assets

and

Liabilities

-  (0.56)%

(

53‌

)

TOTAL

NET

ASSETS

-

100.00%

$

9,526‌

Schedule

of

Investments

Small-MidCap

Growth

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

116

(a)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940)

or

an

affiliate

as

defined

by

the

Investment

Company

Act

of

1940

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(b)

Non-income

producing

security

(c)

Current

yield

shown

is

as

of

period

end.

Portfolio

Summary  (unaudited)

Sector

Percent

Consumer,

Non-cyclical

30

.46‌

%

Consumer,

Cyclical

20

.08‌

%

Technology

17

.48‌

%

Industrial

10

.09‌

%

Financial

9

.05‌

%

Communications

7

.48‌

%

Energy

5

.12‌

%

Money

Market

Funds

0

.80‌

%

Other

Assets

and

Liabilities

(

0

.56‌

)

%

TOTAL

NET

ASSETS

100.00%

Affiliated

Securities

August

31,

2020

Purchases

Sales

November

30,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

47‌

$

1,056‌

$

1,027‌

$

76‌

$

47‌

$

1,056‌

$

1,027‌

$

76‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Schedule

of

Investments

Spectrum

Preferred

and

Capital

Securities

Income

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

117

INVESTMENT

COMPANIES

-

1

.49

%

Shares

Held

Value

(000's)

Exchange-Traded

Funds

-

0

.63

%

Invesco

Preferred

ETF

562,143‌

$

8,449‌

iShares

Preferred

&

Income

Securities

ETF

(a)

1,091,543‌

41,184‌

$

49,633‌

Money

Market

Funds

-

0

.86

%

BlackRock

Liquidity

FedFund

-

Institutional

Class

0.04%

(b),(c)

18,713,232‌

18,713‌

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

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

49,074,749‌

49,075‌

$

67,788‌

TOTAL

INVESTMENT

COMPANIES

$

117,421‌

CONVERTIBLE

PREFERRED

STOCKS

-

1

.73

%

Shares

Held

Value

(000's)

Banks

-

1

.40

%

Bank

of

America

Corp

7.25%

(f)

629‌

$

933‌

Wells

Fargo

&

Co

7.50%

(f)

77,835‌

109,358‌

$

110,291‌

Hand

&

Machine

Tools

-

0

.33

%

Stanley

Black

&

Decker

Inc

5.00%,

05/15/2021

(f)

21,000‌

25,830‌

TOTAL

CONVERTIBLE

PREFERRED

STOCKS

$

136,121‌

PREFERRED

STOCKS

-

10

.54

%

Shares

Held

Value

(000's)

Banks

-

3

.47

%

AgriBank

FCB

6.88%,

01/01/2024

(f)

61,700‌

$

6,540‌

3

Month

USD

LIBOR

+

4.23%

Associated

Banc-Corp

5.63%,

09/15/2025

(a),(f)

202,544‌

5,728‌

Associated

Banc-Corp

5.88%,

12/15/2023

(a),(f)

2,429‌

66‌

Bank

of

America

Corp

0.00%,

11/03/2025

(e),(f)

378,000‌

9,805‌

Bank

of

America

Corp

5.00%,

09/17/2024

(f)

2,000‌

53‌

Bank

of

New

York

Mellon

Corp/The

5.20%,

12/20/2020

(f)

99,135‌

2,509‌

Citigroup

Inc

6.88%,

11/15/2023

(f)

414,370‌

11,805‌

3

Month

USD

LIBOR

+

4.13%

Citizens

Financial

Group

Inc

5.00%,

01/06/2025

(f)

6,909‌

178‌

Citizens

Financial

Group

Inc

6.35%,

04/06/2024

(a),(f)

14,879‌

412‌

3

Month

USD

LIBOR

+

3.64%

Cullen/Frost

Bankers

Inc

0.00%,

12/15/2025

(e),(f)

152,212‌

3,851‌

First

Republic

Bank/CA

4.13%,

10/30/2025

(f)

2,200‌

56‌

Fulton

Financial

Corp

0.00%,

01/15/2026

(e),(f)

449,000‌

11,777‌

Goldman

Sachs

Group

Inc/The

5.50%,

05/10/2023

(f)

742,590‌

19,991‌

3

Month

USD

LIBOR

+

3.64%

Huntington

Bancshares

Inc/OH

5.88%,

10/15/2021

(f)

325,787‌

8,718‌

Huntington

Bancshares

Inc/OH

6.25%,

04/15/2021

(f)

990,034‌

25,404‌

JPMorgan

Chase

&

Co

4.75%,

12/01/2024

(f)

277,529‌

7,385‌

JPMorgan

Chase

&

Co

5.75%,

12/01/2023

(f)

222,039‌

6,155‌

KeyCorp

6.13%,

12/15/2026

(f)

750,031‌

22,433‌

3

Month

USD

LIBOR

+

3.89%

Morgan

Stanley

4.88%,

01/15/2025

(f)

7,117‌

189‌

Morgan

Stanley

5.85%,

04/15/2027

(a),(f)

649,481‌

18,835‌

3

Month

USD

LIBOR

+

3.49%

PNC

Financial

Services

Group

Inc/The

6.13%,

05/01/2022

(a),(f)

1,239,905‌

32,820‌

3

Month

USD

LIBOR

+

4.07%

Regions

Financial

Corp

5.70%,

05/15/2029

(f)

328,950‌

9,276‌

3

Month

USD

LIBOR

+

3.15%

State

Street

Corp

5.90%,

03/15/2024

(a),(f)

236,076‌

6,646‌

3

Month

USD

LIBOR

+

3.11%

Synovus

Financial

Corp

5.88%,

07/01/2024

(f)

344,000‌

9,206‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.13%

Truist

Financial

Corp

4.75%,

09/01/2025

(f)

479,202‌

12,747‌

Truist

Financial

Corp

5.63%,

06/01/2021

(f)

134,160‌

3,433‌

US

Bancorp

0.00%,

01/15/2026

(e),(f)

13,090‌

325‌

US

Bancorp

3.50%,

12/31/2020

(f)

13,000‌

306‌

3

Month

USD

LIBOR

+

0.60%

PREFERRED

STOCKS

(continued)

Shares

Held

Value

(000’s)

Banks

(continued)

US

Bancorp

6.50%,

01/15/2022

(f)

234,945‌

$

6,294‌

3

Month

USD

LIBOR

+

4.47%

Valley

National

Bancorp

6.25%,

06/30/2025

(a),(f)

170,096‌

4,848‌

3

Month

USD

LIBOR

+

3.85%

Webster

Financial

Corp

5.25%,

12/15/2022

(f)

194,856‌

5,092‌

Wells

Fargo

&

Co

4.75%,

03/15/2025

(f)

330,978‌

8,433‌

Wells

Fargo

&

Co

5.63%,

06/15/2022

(f)

196,171‌

5,134‌

Wells

Fargo

&

Co

5.70%,

03/15/2021

(f)

2,000‌

51‌

Wells

Fargo

&

Co

5.85%,

09/15/2023

(f)

62,555‌

1,633‌

3

Month

USD

LIBOR

+

3.09%

Wells

Fargo

&

Co

6.63%,

03/15/2024

(f)

207,457‌

5,867‌

3

Month

USD

LIBOR

+

3.69%

$

274,001‌

Diversified

Financial

Services

-

0

.26

%

Affiliated

Managers

Group

Inc

5.88%,

03/30/2059

146,761‌

4,020‌

Capital

One

Financial

Corp

0.00%,

06/01/2025

(e),(f)

164,734‌

4,149‌

Capital

One

Financial

Corp

5.00%,

12/01/2024

(f)

355,725‌

9,178‌

Charles

Schwab

Corp/The

6.00%,

12/31/2020

(f)

138,263‌

3,501‌

$

20,848‌

Electric

-

1

.74

%

Alabama

Power

Co

5.00%,

10/01/2022

(f)

572,000‌

16,108‌

Algonquin

Power

&

Utilities

Corp

6.20%,

07/01/2079

490,152‌

13,587‌

3

Month

USD

LIBOR

+

4.01%

CMS

Energy

Corp

5.88%,

03/01/2079

118,402‌

3,236‌

Dominion

Energy

Inc

5.25%,

07/30/2076

(a)

890,372‌

22,909‌

DTE

Energy

Co

5.25%,

12/01/2077

315,006‌

8,530‌

DTE

Energy

Co

5.38%,

06/01/2076

7,539‌

195‌

Duke

Energy

Corp

5.13%,

01/15/2073

312,100‌

8,133‌

Duke

Energy

Corp

5.75%,

06/15/2024

(f)

68,264‌

1,923‌

Entergy

Louisiana

LLC

4.70%,

06/01/2063

(a)

154,575‌

3,884‌

Entergy

Louisiana

LLC

4.88%,

09/01/2066

24,691‌

643‌

Entergy

Louisiana

LLC

5.25%,

07/01/2052

93,525‌

2,364‌

Entergy

Texas

Inc

5.38%,

10/15/2024

(f)

30,000‌

830‌

Georgia

Power

Co

5.00%,

10/01/2077

(a)

262,012‌

7,218‌

Integrys

Holding

Inc

6.00%,

08/01/2073

81,343‌

2,212‌

3

Month

USD

LIBOR

+

3.22%

Interstate

Power

and

Light

Co

5.10%,

12/31/2020

(a),(f)

492,885‌

12,978‌

National

Rural

Utilities

Cooperative

Finance

Corp

5.50%,

05/15/2064

225,022‌

6,249‌

NextEra

Energy

Capital

Holdings

Inc

5.65%,

03/01/2079

77,046‌

2,145‌

Southern

Co/The

0.00%,

01/30/2080

(e)

239,337‌

6,522‌

Southern

Co/The

5.25%,

12/01/2077

555,000‌

14,846‌

Southern

Co/The

5.25%,

10/01/2076

100,061‌

2,601‌

$

137,113‌

Food

-

0

.30

%

Dairy

Farmers

of

America

Inc

7.88%,

12/31/2020

(f),(g)

16,000‌

1,496‌

Dairy

Farmers

of

America

Inc

7.88%,

12/01/2025

(f),(g)

236,300‌

22,094‌

$

23,590‌

Gas

-

0

.02

%

Entergy

New

Orleans

LLC

5.00%,

12/01/2052

(a)

3,299‌

85‌

Entergy

New

Orleans

LLC

5.50%,

04/01/2066

(a)

46,623‌

1,209‌

$

1,294‌

Insurance

-

1

.21

%

Allstate

Corp/The

4.75%,

01/15/2025

(f)

153,679‌

4,142‌

Allstate

Corp/The

5.10%,

01/15/2053

537,816‌

14,387‌

3

Month

USD

LIBOR

+

3.17%

Allstate

Corp/The

5.10%,

10/15/2024

(f)

439‌

12‌

American

Financial

Group

Inc/OH

5.63%,

06/01/2060

126,116‌

3,471‌

American

Financial

Group

Inc/OH

5.88%,

03/30/2059

(a)

100,515‌

2,788‌

Schedule

of

Investments

Spectrum

Preferred

and

Capital

Securities

Income

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

118

PREFERRED

STOCKS

(continued)

Shares

Held

Value

(000’s)

Insurance

(continued)

American

International

Group

Inc

5.85%,

03/15/2024

(f)

15,000‌

$

409‌

Arch

Capital

Group

Ltd

5.25%,

09/29/2021

(f)

289,942‌

7,463‌

Arch

Capital

Group

Ltd

5.45%,

08/17/2022

(f)

53,235‌

1,412‌

Equitable

Holdings

Inc

5.25%,

12/15/2024

(f)

475,000‌

12,350‌

Hartford

Financial

Services

Group

Inc/The

7.88%,

04/15/2042

1,042,030‌

28,791‌

3

Month

USD

LIBOR

+

5.60%

MetLife

Inc

0.00%,

03/15/2025

(e),(f)

32,500‌

869‌

Reinsurance

Group

of

America

Inc

6.20%,

09/15/2042

23,190‌

611‌

3

Month

USD

LIBOR

+

4.37%

RenaissanceRe

Holdings

Ltd

5.38%,

12/31/2020

(f)

544,287‌

13,819‌

RenaissanceRe

Holdings

Ltd

5.75%,

06/30/2023

(f)

29,666‌

817‌

Voya

Financial

Inc

5.35%,

09/15/2029

(f)

72,909‌

2,027‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.21%

W

R

Berkley

Corp

5.70%,

03/30/2058

1,933‌

53‌

W

R

Berkley

Corp

5.75%,

06/01/2056

65,882‌

1,687‌

$

95,108‌

Pipelines

-

0

.00

%

Enbridge

Inc

6.38%,

04/15/2078

1,939‌

51‌

3

Month

USD

LIBOR

+

3.59%

REITs

-

1

.29

%

Federal

Realty

Investment

Trust

5.00%,

09/29/2022

(a),(f)

49,075‌

1,307‌

Kimco

Realty

Corp

5.13%,

08/16/2022

(a),(f)

12,477‌

333‌

Kimco

Realty

Corp

5.25%,

12/20/2022

(f)

406,949‌

10,829‌

National

Retail

Properties

Inc

5.20%,

10/11/2021

(f)

121,276‌

3,120‌

Prologis

Inc

8.54%,

11/13/2026

(f)

162,700‌

12,203‌

PS

Business

Parks

Inc

4.88%,

11/04/2024

(a),(f)

3,957‌

107‌

PS

Business

Parks

Inc

5.25%,

09/21/2022

(f)

57,755‌

1,542‌

Public

Storage

4.13%,

08/14/2025

(a),(f)

316,800‌

8,414‌

Public

Storage

4.63%,

06/17/2025

(f)

232,200‌

6,255‌

Public

Storage

4.75%,

12/20/2024

(a),(f)

185,477‌

5,238‌

Public

Storage

4.90%,

10/14/2021

(f)

6,561‌

171‌

Public

Storage

5.05%,

08/09/2022

(f)

177,565‌

4,746‌

Public

Storage

5.60%,

03/11/2024

(a),(f)

311,855‌

8,910‌

Vornado

Realty

Trust

0.00%,

11/24/2025

(e),(f)

200,000‌

5,002‌

Vornado

Realty

Trust

5.25%,

12/13/2022

(f)

382,922‌

9,592‌

Vornado

Realty

Trust

5.40%,

12/31/2020

(f)

188,066‌

4,719‌

Vornado

Realty

Trust

5.70%,

12/31/2020

(f)

750,100‌

18,955‌

$

101,443‌

Savings

&

Loans

-

0

.05

%

People's

United

Financial

Inc

5.63%,

12/15/2026

(f)

94,067‌

2,654‌

3

Month

USD

LIBOR

+

4.02%

Sterling

Bancorp/DE

6.50%,

10/15/2022

(f)

42,713‌

1,167‌

$

3,821‌

Sovereign

-

0

.86

%

CoBank

ACB

6.13%,

01/01/2021

(f)

8,000‌

820‌

CoBank

ACB

6.20%,

01/01/2025

(f)

65,000‌

6,975‌

3

Month

USD

LIBOR

+

3.74%

CoBank

ACB

6.25%,

10/01/2022

(f)

296,500‌

31,132‌

3

Month

USD

LIBOR

+

4.56%

Farm

Credit

Bank

of

Texas

6.75%,

09/15/2023

(f),(g)

270,500‌

28,673‌

3

Month

USD

LIBOR

+

4.01%

$

67,600‌

Telecommunications

-

1

.34

%

AT&T

Inc

0.00%,

02/18/2025

(e),(f)

2,701,319‌

70,829‌

AT&T

Inc

5.00%,

12/12/2024

(f)

40,144‌

1,086‌

Telephone

and

Data

Systems

Inc

6.63%,

03/31/2045

49,776‌

1,326‌

Telephone

and

Data

Systems

Inc

7.00%,

03/15/2060

1,069,497‌

27,668‌

PREFERRED

STOCKS

(continued)

Shares

Held

Value

(000’s)

Telecommunications

(continued)

United

States

Cellular

Corp

6.25%,

09/01/2069

160,000‌

$

4,248‌

United

States

Cellular

Corp

6.95%,

05/15/2060

(a)

30,667‌

784‌

$

105,941‌

TOTAL

PREFERRED

STOCKS

$

830,810‌

BONDS

-

82

.72

%

Principal

Amount

(000's)

Value

(000's)

Banks

-

49

.26

%

Australia

&

New

Zealand

Banking

Group

Ltd/

United

Kingdom

6.75%,

12/31/2049

(f),(g),(h),(i)

$

12,200‌

$

14,092‌

USD

Swap

Rate

NY

5

Year

+

5.17%

6.75%,

12/31/2049

(f),(h),(i)

2,700‌

3,119‌

USD

Swap

Rate

NY

5

Year

+

5.17%

Banco

Bilbao

Vizcaya

Argentaria

SA

6.13%,

12/31/2049

(f),(h),(i)

9,200‌

9,527‌

USD

Swap

Semi-Annual

5

Year

+

3.87%

6.50%,

12/31/2049

(f),(h),(i)

30,600‌

32,359‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.19%

Banco

Santander

SA

7.50%,

12/31/2049

(f),(h),(i)

42,400‌

46,374‌

USD

Swap

Semi-Annual

5

Year

+

4.99%

Bank

of

America

Corp

6.10%,

12/31/2049

(f),(h)

5,000‌

5,549‌

3

Month

USD

LIBOR

+

3.90%

6.25%,

12/31/2049

(f),(h)

30,599‌

34,248‌

3

Month

USD

LIBOR

+

3.71%

6.30%,

12/31/2049

(f),(h)

46,995‌

53,993‌

3

Month

USD

LIBOR

+

4.55%

6.50%,

12/31/2049

(f),(h)

97,785‌

110,253‌

3

Month

USD

LIBOR

+

4.17%

8.05%,

06/15/2027

6,312‌

8,421‌

Bank

of

Montreal

1.85%,

05/01/2025

11,800‌

12,362‌

Bank

of

New

York

Mellon

Corp/The

3.65%,

12/31/2049

(f)

70,400‌

70,710‌

3

Month

USD

LIBOR

+

3.42%

3.70%,

12/31/2049

(f),(h)

27,410‌

27,944‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.35%

4.62%,

12/31/2099

(f),(h)

19,688‌

20,712‌

3

Month

USD

LIBOR

+

3.13%

4.70%,

12/31/2049

(f),(h)

12,400‌

13,547‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.36%

Bank

of

Nova

Scotia/The

1.63%,

05/01/2023

9,000‌

9,259‌

4.90%,

12/31/2049

(f),(h)

33,000‌

35,386‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.55%

Barclays

Bank

PLC

6.28%,

12/31/2049

(f),(h)

4,000‌

4,997‌

3

Month

USD

LIBOR

+

1.55%

6.86%,

12/31/2049

(f),(h)

517‌

728‌

6

Month

USD

LIBOR

+

1.73%

7.63%,

11/21/2022

(i)

8,000‌

8,848‌

Barclays

PLC

6.13%,

12/31/2049

(f),(h),(i)

5,000‌

5,375‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.87%

7.75%,

12/31/2049

(f),(h),(i)

47,300‌

50,847‌

USD

Swap

Semi-Annual

5

Year

+

4.84%

7.88%,

12/31/2049

(f),(h),(i)

30,065‌

31,643‌

USD

Swap

Semi-Annual

5

Year

+

6.77%

8.00%,

12/31/2049

(f),(h),(i)

67,803‌

75,600‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.67%

Schedule

of

Investments

Spectrum

Preferred

and

Capital

Securities

Income

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

119

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

BNP

Paribas

SA

6.63%,

12/31/2049

(f),(g),(h),(i)

$

39,300‌

$

42,837‌

USD

Swap

Semi-Annual

5

Year

+

4.15%

6.63%,

12/31/2049

(f),(h),(i)

8,700‌

9,483‌

USD

Swap

Rate

NY

5

Year

+

4.15%

6.75%,

12/31/2049

(f),(h),(i)

11,525‌

12,072‌

USD

Swap

Semi-Annual

5

Year

+

4.92%

7.00%,

12/31/2049

(f),(g),(h),(i)

2,500‌

2,966‌

USD

Swap

Semi-Annual

5

Year

+

3.98%

7.20%,

12/31/2049

(f),(g),(h)

5,800‌

6,287‌

3

Month

USD

LIBOR

+

1.29%

7.37%,

12/31/2049

(f),(g),(h),(i)

100‌

116‌

USD

Swap

Semi-Annual

5

Year

+

5.15%

7.37%,

12/31/2049

(f),(h),(i)

13,000‌

15,048‌

USD

Swap

Semi-Annual

5

Year

+

5.15%

7.63%,

12/31/2049

(f),(g),(h),(i)

80,898‌

82,314‌

USD

Swap

Semi-Annual

5

Year

+

6.31%

7.63%,

12/31/2049

(f),(h),(i)

50,000‌

50,875‌

USD

Swap

Semi-Annual

5

Year

+

6.31%

BPCE

SA

5.15%,

07/21/2024

(g)

13,014‌

14,746‌

Citigroup

Capital

III

7.63%,

12/01/2036

2,700‌

3,851‌

Citigroup

Inc

4.32%,

12/31/2049

(f)

300‌

299‌

3

Month

USD

LIBOR

+

4.10%

4.70%,

12/31/2049

(f)

36,800‌

36,859‌

3

Month

USD

LIBOR

+

4.48%

5.90%,

12/31/2049

(f),(h)

7,383‌

7,808‌

3

Month

USD

LIBOR

+

4.23%

5.95%,

12/31/2049

(f),(h)

16,100‌

16,945‌

3

Month

USD

LIBOR

+

4.07%

5.95%,

12/31/2049

(f),(h)

10,770‌

11,622‌

3

Month

USD

LIBOR

+

3.91%

6.25%,

12/31/2049

(f),(h)

86,582‌

99,316‌

3

Month

USD

LIBOR

+

4.52%

Citizens

Financial

Group

Inc

4.19%,

12/31/2049

(f)

13,300‌

13,167‌

3

Month

USD

LIBOR

+

3.96%

5.65%,

12/31/2049

(f),(h)

54,032‌

59,705‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.31%

6.00%,

12/31/2049

(f),(h)

7,000‌

6,912‌

3

Month

USD

LIBOR

+

3.00%

6.38%,

12/31/2049

(a),(f),(h)

11,200‌

11,424‌

3

Month

USD

LIBOR

+

3.16%

Comerica

Inc

5.63%,

12/31/2049

(f),(h)

18,600‌

20,413‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.29%

Corestates

Capital

III

0.79%,

02/15/2027

(a),(g)

18,621‌

17,195‌

3

Month

USD

LIBOR

+

0.57%

Credit

Agricole

SA

7.88%,

12/31/2049

(f),(g),(h),(i)

29,540‌

33,454‌

USD

Swap

Semi-Annual

5

Year

+

4.90%

7.88%,

12/31/2049

(f),(h),(i)

18,100‌

20,498‌

USD

Swap

Semi-Annual

5

Year

+

4.90%

8.13%,

12/31/2049

(f),(g),(h),(i)

34,368‌

41,456‌

USD

Swap

Semi-Annual

5

Year

+

6.19%

Credit

Suisse

AG

6.50%,

08/08/2023

(g),(i)

23,254‌

26,219‌

6.50%,

08/08/2023

(i)

6,000‌

6,765‌

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Credit

Suisse

Group

AG

5.10%,

12/31/2049

(f),(g),(h),(i)

$

21,300‌

$

22,301‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.29%

5.10%,

12/31/2049

(a),(f),(h),(i)

3,000‌

3,141‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.29%

5.25%,

12/31/2049

(f),(g),(h),(i)

34,800‌

36,905‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.89%

6.25%,

12/31/2049

(f),(g),(h),(i)

6,000‌

6,577‌

USD

Swap

Semi-Annual

5

Year

+

3.46%

6.38%,

12/31/2099

(f),(g),(h),(i)

14,400‌

16,038‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.82%

7.13%,

12/31/2049

(f),(h),(i)

24,838‌

26,266‌

USD

Swap

Semi-Annual

5

Year

+

5.11%

7.50%,

12/31/2049

(f),(g),(h),(i)

6,500‌

7,077‌

USD

Swap

Semi-Annual

5

Year

+

4.60%

7.50%,

12/31/2049

(f),(g),(h),(i)

77,040‌

85,711‌

USD

Swap

Semi-Annual

5

Year

+

4.60%

Danske

Bank

A/S

6.13%,

12/31/2099

(f),(h),(i)

2,500‌

2,641‌

USD

Swap

Semi-Annual

7

Year

+

3.90%

7.00%,

12/31/2049

(f),(h),(i)

29,645‌

32,848‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

7

Year

+

4.13%

DNB

Bank

ASA

4.88%,

12/31/2049

(f),(h),(i)

4,775‌

4,913‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.14%

Fifth

Third

Bancorp

4.50%,

12/31/2049

(f),(h)

13,525‌

14,032‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.22%

First

Maryland

Capital

I

1.24%,

01/15/2027

2,000‌

1,880‌

3

Month

USD

LIBOR

+

1.00%

Goldman

Sachs

Group

Inc/The

4.13%,

12/31/2049

(f)

10,800‌

10,762‌

3

Month

USD

LIBOR

+

3.92%

4.95%,

12/31/2049

(f),(h)

23,363‌

24,414‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.22%

5.50%,

12/31/2049

(a),(f),(h)

13,750‌

15,119‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.62%

Hbos

Capital

Funding

NO

1

LP

6.85%,

12/31/2049

(f)

19,106‌

19,154‌

HSBC

Capital

Funding

Dollar

1

LP

10.18%,

12/31/2049

(f),(g),(h)

56,967‌

97,715‌

3

Month

USD

LIBOR

+

4.98%

10.18%,

12/31/2049

(a),(f),(h)

38,708‌

66,396‌

3

Month

USD

LIBOR

+

4.98%

HSBC

Holdings

PLC

6.00%,

12/31/2099

(f),(h),(i)

15,900‌

17,217‌

USD

Swap

Rate

NY

5

Year

+

3.75%

6.37%,

12/31/2049

(f),(h),(i)

14,800‌

16,114‌

USD

Swap

Rate

NY

5

Year

+

4.37%

6.38%,

12/31/2049

(f),(h),(i)

3,300‌

3,518‌

USD

Swap

Rate

NY

5

Year

+

3.71%

6.50%,

12/31/2099

(f),(h),(i)

25,600‌

28,638‌

USD

Swap

Rate

NY

5

Year

+

3.61%

6.87%,

12/31/2049

(f),(h),(i)

54,800‌

55,759‌

USD

Swap

Rate

NY

5

Year

+

5.51%

Schedule

of

Investments

Spectrum

Preferred

and

Capital

Securities

Income

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

120

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Huntington

Bancshares

Inc/OH

4.45%,

12/31/2049

(f),(h)

$

80,634‌

$

83,464‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

7

Year

+

4.05%

5.63%,

12/31/2049

(f),(h)

41,103‌

47,556‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

10

Year

+

4.95%

ING

Groep

NV

5.75%,

12/31/2049

(f),(h),(i)

14,075‌

15,192‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.34%

6.50%,

12/31/2049

(f),(h),(i)

44,300‌

48,088‌

USD

Swap

Semi-Annual

5

Year

+

4.45%

6.75%,

12/31/2049

(f),(h),(i)

30,000‌

32,588‌

USD

Swap

Rate

NY

5

Year

+

4.20%

6.87%,

12/31/2049

(f),(h),(i)

69,986‌

73,403‌

USD

Swap

Semi-Annual

5

Year

+

5.12%

Intesa

Sanpaolo

SpA

7.70%,

12/31/2049

(f),(g),(h),(i)

15,900‌

17,862‌

USD

Swap

Semi-Annual

5

Year

+

5.46%

JPMorgan

Chase

&

Co

4.01%,

12/31/2099

(f)

24,318‌

24,458‌

3

Month

USD

LIBOR

+

3.80%

4.60%,

12/31/2049

(f),(h)

3,200‌

3,265‌

United

States

Secured

Overnight

Financing

Rate

+

3.13%

6.00%,

12/31/2049

(f),(h)

6,680‌

7,009‌

3

Month

USD

LIBOR

+

3.30%

6.10%,

12/31/2099

(f),(h)

2,800‌

3,028‌

3

Month

USD

LIBOR

+

3.33%

6.75%,

12/31/2049

(f),(h)

147,336‌

164,553‌

3

Month

USD

LIBOR

+

3.78%

KeyCorp

5.00%,

12/31/2049

(f),(h)

16,101‌

16,906‌

3

Month

USD

LIBOR

+

3.61%

KeyCorp

Capital

I

0.97%,

07/01/2028

2,825‌

2,616‌

3

Month

USD

LIBOR

+

0.74%

KeyCorp

Capital

III

7.75%,

07/15/2029

3,500‌

4,578‌

Lloyds

Bank

PLC

12.00%,

12/31/2049

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

38,250‌

43,487‌

3

Month

USD

LIBOR

+

11.76%

12.00%,

12/31/2049

(f),(h)

19,489‌

22,157‌

3

Month

USD

LIBOR

+

11.76%

Lloyds

Banking

Group

PLC

3.87%,

07/09/2025

(h)

5,000‌

5,481‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

1

Year

+

3.50%

6.41%,

12/31/2049

(f),(g),(h)

12,674‌

15,763‌

3

Month

USD

LIBOR

+

1.50%

6.66%,

12/31/2049

(f),(h)

3,000‌

3,795‌

3

Month

USD

LIBOR

+

1.27%

6.66%,

12/31/2049

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

51,385‌

65,002‌

3

Month

USD

LIBOR

+

1.27%

7.50%,

12/31/2049

(f),(h),(i)

47,496‌

52,364‌

USD

Swap

Semi-Annual

5

Year

+

4.76%

7.50%,

12/31/2049

(f),(h),(i)

22,500‌

25,432‌

USD

Swap

Semi-Annual

5

Year

+

4.50%

M&T

Bank

Corp

5.00%,

12/31/2049

(f),(h)

4,678‌

4,877‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.17%

5.12%,

12/31/2049

(f),(h)

14,020‌

15,036‌

3

Month

USD

LIBOR

+

3.52%

6.45%,

12/31/2049

(f),(h)

6,615‌

7,292‌

3

Month

USD

LIBOR

+

3.61%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Macquarie

Bank

Ltd/London

6.13%,

12/31/2049

(f),(h),(i)

$

5,000‌

$

5,275‌

USD

Swap

Semi-Annual

5

Year

+

3.70%

Morgan

Stanley

4.05%,

12/31/2049

(f)

6,002‌

5,972‌

3

Month

USD

LIBOR

+

3.81%

Natwest

Group

PLC

2.54%,

12/31/2049

(f)

1,900‌

1,788‌

3

Month

USD

LIBOR

+

2.32%

6.00%,

12/31/2049

(f),(h),(i)

35,000‌

38,290‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.63%

8.00%,

12/31/2049

(f),(h),(i)

22,825‌

26,434‌

USD

Swap

Semi-Annual

5

Year

+

5.72%

8.62%,

12/31/2049

(f),(h),(i)

35,275‌

36,699‌

USD

Swap

Semi-Annual

5

Year

+

7.60%

Nordea

Bank

Abp

6.13%,

12/31/2049

(f),(g),(h),(i)

42,131‌

45,975‌

USD

Swap

Semi-Annual

5

Year

+

3.39%

6.13%,

12/31/2049

(a),(f),(h),(i)

13,735‌

14,988‌

USD

Swap

Semi-Annual

5

Year

+

3.39%

6.63%,

12/31/2099

(f),(g),(h),(i)

41,520‌

47,632‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.11%

Northern

Trust

Corp

4.60%,

12/31/2049

(f),(h)

2,200‌

2,335‌

3

Month

USD

LIBOR

+

3.20%

NTC

Capital

I

0.76%,

01/15/2027

5,500‌

5,227‌

3

Month

USD

LIBOR

+

0.52%

NTC

Capital

II

0.83%,

04/15/2027

6,500‌

6,050‌

3

Month

USD

LIBOR

+

0.59%

PNC

Financial

Services

Group

Inc/The

6.75%,

12/31/2049

(f),(h)

7,589‌

7,822‌

3

Month

USD

LIBOR

+

3.68%

Regions

Financial

Corp

5.75%,

12/31/2049

(f),(h)

16,750‌

18,299‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.43%

Skandinaviska

Enskilda

Banken

AB

5.13%,

12/31/2049

(f),(h),(i)

17,800‌

18,512‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.46%

5.63%,

12/31/2049

(f),(h),(i)

11,800‌

12,228‌

USD

Swap

Semi-Annual

5

Year

+

3.49%

Societe

Generale

SA

5.38%,

12/31/2049

(f),(g),(h),(i)

15,300‌

15,865‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.51%

7.37%,

12/31/2049

(f),(h),(i)

14,120‌

14,586‌

USD

Swap

Semi-Annual

5

Year

+

6.24%

7.38%,

12/31/2049

(f),(g),(h),(i)

16,800‌

18,040‌

USD

Swap

Semi-Annual

5

Year

+

4.30%

7.38%,

12/31/2049

(f),(g),(h),(i)

25,026‌

25,852‌

USD

Swap

Semi-Annual

5

Year

+

6.24%

7.88%,

12/31/2049

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

4,900‌

5,414‌

USD

Swap

Semi-Annual

5

Year

+

4.98%

7.88%,

12/31/2049

(f),(h),(i)

14,000‌

15,469‌

USD

Swap

Semi-Annual

5

Year

+

4.98%

8.00%,

12/31/2049

(f),(g),(h),(i)

26,660‌

31,126‌

USD

Swap

Rate

NY

5

Year

+

5.87%

8.00%,

12/31/2049

(f),(h),(i)

19,000‌

22,183‌

USD

Swap

Rate

NY

5

Year

+

5.87%

Schedule

of

Investments

Spectrum

Preferred

and

Capital

Securities

Income

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

121

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

Standard

Chartered

PLC

4.87%,

03/15/2033

(h)

$

1,026‌

$

1,148‌

USD

Swap

Rate

NY

5

Year

+

1.97%

6.00%,

12/31/2049

(f),(h),(i)

1,000‌

1,070‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.66%

6.00%,

12/31/2099

(f),(g),(h),(i)

15,000‌

16,050‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.66%

7.01%,

12/31/2049

(f),(g),(h)

42,900‌

54,671‌

3

Month

USD

LIBOR

+

1.46%

7.01%,

12/31/2049

(f),(h)

19,800‌

25,233‌

3

Month

USD

LIBOR

+

1.46%

7.50%,

12/31/2049

(f),(g),(h),(i)

17,700‌

18,438‌

USD

Swap

Semi-Annual

5

Year

+

6.30%

7.50%,

12/31/2049

(f),(h),(i)

23,500‌

24,480‌

USD

Swap

Semi-Annual

5

Year

+

6.30%

7.75%,

12/31/2049

(f),(g),(h),(i)

25,000‌

27,219‌

USD

Swap

Semi-Annual

5

Year

+

5.72%

State

Street

Corp

3.85%,

12/31/2049

(f)

4,000‌

4,025‌

3

Month

USD

LIBOR

+

3.60%

Svenska

Handelsbanken

AB

5.25%,

12/31/2049

(f),(h),(i)

29,400‌

29,565‌

USD

Swap

Semi-Annual

5

Year

+

3.34%

6.25%,

12/31/2049

(f),(h),(i)

13,800‌

15,111‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.69%

Swedbank

AB

6.00%,

12/31/2049

(f),(h),(i)

5,200‌

5,389‌

USD

Swap

Semi-Annual

5

Year

+

4.11%

Truist

Bank

0.89%,

05/15/2027

10,900‌

10,381‌

3

Month

USD

LIBOR

+

0.67%

0.90%,

03/15/2028

9,022‌

8,467‌

3

Month

USD

LIBOR

+

0.65%

1.21%,

04/01/2027

7,000‌

6,660‌

3

Month

USD

LIBOR

+

0.98%

Truist

Financial

Corp

4.80%,

12/31/2099

(f),(h)

99,300‌

104,087‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.00%

4.95%,

12/31/2099

(f),(h)

43,690‌

47,841‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.61%

UBS

Group

AG

6.88%,

12/31/2049

(f),(h),(i)

68,834‌

69,858‌

USD

Swap

Semi-Annual

(VS

6

Month)

5

Year

+

5.50%

6.88%,

12/31/2049

(f),(h),(i)

11,933‌

13,469‌

USD

Swap

Semi-Annual

(VS

6

Month)

5

Year

+

4.59%

7.00%,

12/31/2049

(f),(g),(h),(i)

19,500‌

21,377‌

USD

Swap

Semi-Annual

5

Year

+

4.34%

7.00%,

12/31/2049

(f),(h),(i)

13,900‌

15,238‌

USD

Swap

Semi-Annual

(VS

6

Month)

5

Year

+

4.34%

7.00%,

12/31/2049

(f),(h),(i)

20,700‌

23,547‌

USD

Swap

Semi-Annual

(VS

6

Month)

5

Year

+

4.87%

7.13%,

12/31/2049

(f),(h),(i)

20,426‌

21,040‌

USD

Swap

Semi-Annual

(VS

6

Month)

5

Year

+

5.88%

UniCredit

SpA

8.00%,

12/31/2049

(f),(h),(i)

21,000‌

22,759‌

USD

Swap

Semi-Annual

5

Year

+

5.18%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Banks

(continued)

US

Bancorp

5.12%,

12/31/2049

(f),(h)

$

2,850‌

$

2,850‌

3

Month

USD

LIBOR

+

3.49%

USB

Realty

Corp

1.38%,

12/31/2049

(f),(g)

1,500‌

1,165‌

3

Month

USD

LIBOR

+

1.15%

Wachovia

Capital

Trust

II

0.74%,

01/15/2027

6,345‌

5,863‌

3

Month

USD

LIBOR

+

0.50%

Wachovia

Capital

Trust

III

5.57%,

12/31/2049

(f)

6,500‌

6,574‌

3

Month

USD

LIBOR

+

0.93%

Wells

Fargo

&

Co

5.87%,

12/31/2049

(f),(h)

50,300‌

55,078‌

3

Month

USD

LIBOR

+

3.99%

7.95%,

11/15/2029

3,700‌

4,978‌

$

3,882,625‌

Diversified

Financial

Services

-

2

.79

%

Capital

One

Financial

Corp

4.05%,

12/31/2049

(f)

20,430‌

19,921‌

3

Month

USD

LIBOR

+

3.80%

Charles

Schwab

Corp/The

5.38%,

12/31/2049

(f),(h)

106,742‌

119,017‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.97%

7.00%,

12/31/2049

(f),(h)

28,358‌

30,060‌

3

Month

USD

LIBOR

+

4.82%

Depository

Trust

&

Clearing

Corp/The

3.42%,

12/31/2049

(f),(g)

27,000‌

25,650‌

3

Month

USD

LIBOR

+

3.17%

Discover

Financial

Services

5.50%,

12/31/2049

(f),(h)

5,947‌

6,126‌

3

Month

USD

LIBOR

+

3.08%

6.13%,

12/31/2049

(f),(h)

17,150‌

18,908‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.78%

$

219,682‌

Electric

-

4

.53

%

Dominion

Energy

Inc

4.65%,

12/31/2099

(f),(h)

109,299‌

115,688‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.99%

Duke

Energy

Corp

4.88%,

12/31/2099

(f),(h)

57,900‌

62,069‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.39%

Emera

Inc

6.75%,

06/15/2076

(h)

57,795‌

66,198‌

3

Month

USD

LIBOR

+

5.44%

Enel

SpA

8.75%,

09/24/2073

(g),(h)

12,991‌

15,238‌

USD

Swap

Semi-Annual

5

Year

+

5.88%

National

Rural

Utilities

Cooperative

Finance

Corp

5.25%,

04/20/2046

(h)

22,969‌

25,455‌

3

Month

USD

LIBOR

+

3.63%

NextEra

Energy

Capital

Holdings

Inc

2.29%,

10/01/2066

23,474‌

20,340‌

3

Month

USD

LIBOR

+

2.07%

2.38%,

06/15/2067

7,700‌

6,694‌

3

Month

USD

LIBOR

+

2.13%

4.80%,

12/01/2077

(h)

2,300‌

2,527‌

3

Month

USD

LIBOR

+

2.41%

5.65%,

05/01/2079

(h)

800‌

939‌

3

Month

USD

LIBOR

+

3.16%

PPL

Capital

Funding

Inc

2.89%,

03/30/2067

15,700‌

13,212‌

3

Month

USD

LIBOR

+

2.67%

Schedule

of

Investments

Spectrum

Preferred

and

Capital

Securities

Income

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

122

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Electric

(continued)

Southern

Co/The

4.00%,

01/15/2051

(h)

$

14,700‌

$

15,368‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.73%

5.50%,

03/15/2057

(h)

13,050‌

13,556‌

3

Month

USD

LIBOR

+

3.63%

$

357,284‌

Food

-

0

.10

%

Dairy

Farmers

of

America

Inc

7.13%,

12/31/2049

(f),(g)

8,700‌

7,985‌

Gas

-

0

.80

%

NiSource

Inc

5.65%,

12/31/2049

(f),(h)

61,800‌

63,345‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.84%

Hand

&

Machine

Tools

-

0

.17

%

Stanley

Black

&

Decker

Inc

4.00%,

03/15/2060

(h)

12,900‌

13,665‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.66%

Insurance

-

19

.22

%

ACE

Capital

Trust

II

9.70%,

04/01/2030

15,505‌

23,521‌

AIG

Life

Holdings

Inc

8.50%,

07/01/2030

31,200‌

41,549‌

Allianz

SE

3.50%,

12/31/2049

(f),(g),(h)

9,000‌

9,092‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.97%

Allstate

Corp/The

5.75%,

08/15/2053

(h)

11,754‌

12,603‌

3

Month

USD

LIBOR

+

2.94%

6.50%,

05/15/2067

(h)

11,905‌

15,715‌

3

Month

USD

LIBOR

+

2.12%

American

International

Group

Inc

5.75%,

04/01/2048

(h)

46,701‌

52,679‌

3

Month

USD

LIBOR

+

2.87%

8.18%,

05/15/2068

(h)

29,013‌

42,298‌

3

Month

USD

LIBOR

+

4.20%

Aon

Corp

8.21%,

01/01/2027

4,750‌

6,420‌

Argentum

Netherlands

BV

for

Swiss

Re

Ltd

5.63%,

08/15/2052

(h)

54,000‌

62,100‌

3

Month

USD

LIBOR

+

3.78%

5.75%,

08/15/2050

(h)

34,400‌

38,893‌

3

Month

USD

LIBOR

+

3.59%

Argentum

Netherlands

BV

for

Zurich

Insurance

Co

Ltd

5.13%,

06/01/2048

(h)

6,290‌

7,351‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.27%

AXA

SA

6.38%,

12/31/2049

(f),(g),(h)

27,793‌

38,847‌

3

Month

USD

LIBOR

+

2.26%

8.60%,

12/15/2030

21,874‌

33,858‌

Cloverie

PLC

for

Swiss

Re

Corporate

Solutions

Ltd

4.50%,

09/11/2044

(h)

20,000‌

21,350‌

USD

Swap

Semi-Annual

10

Year

+

2.91%

Cloverie

PLC

for

Zurich

Insurance

Co

Ltd

5.63%,

06/24/2046

(h)

5,000‌

5,863‌

3

Month

USD

LIBOR

+

4.92%

Dai-ichi

Life

Insurance

Co

Ltd/The

7.25%,

12/31/2049

(f),(g),(h)

13,250‌

13,743‌

3

Month

USD

LIBOR

+

4.56%

Everest

Reinsurance

Holdings

Inc

2.61%,

05/01/2067

27,820‌

25,167‌

3

Month

USD

LIBOR

+

2.39%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Insurance

(continued)

Hartford

Financial

Services

Group

Inc/The

2.35%,

02/12/2067

(g)

$

5,685‌

$

5,060‌

3

Month

USD

LIBOR

+

2.13%

Legal

&

General

Group

PLC

5.25%,

03/21/2047

(h)

37,104‌

40,895‌

USD

Swap

Semi-Annual

5

Year

+

3.69%

Liberty

Mutual

Group

Inc

7.80%,

03/07/2087

(g)

76,240‌

97,547‌

3

Month

USD

LIBOR

+

3.58%

Liberty

Mutual

Insurance

Co

7.70%,

10/15/2097

(g)

20,025‌

32,586‌

Lincoln

National

Corp

2.26%,

04/20/2067

60,769‌

44,361‌

3

Month

USD

LIBOR

+

2.04%

2.58%,

05/17/2066

916‌

701‌

3

Month

USD

LIBOR

+

2.36%

M&G

PLC

6.50%,

10/20/2048

(h)

14,188‌

17,062‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.41%

Meiji

Yasuda

Life

Insurance

Co

5.20%,

10/20/2045

(g),(h)

9,545‌

10,960‌

USD

Swap

Semi-Annual

5

Year

+

4.23%

MetLife

Capital

Trust

IV

7.88%,

12/15/2067

(g)

24,540‌

34,358‌

MetLife

Inc

3.85%,

12/31/2049

(f),(h)

49,500‌

51,232‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.58%

6.40%,

12/15/2066

20,770‌

26,537‌

3

Month

USD

LIBOR

+

2.21%

9.25%,

04/08/2068

(g)

63,475‌

96,791‌

3

Month

USD

LIBOR

+

5.54%

10.75%,

08/01/2069

50,439‌

86,387‌

3

Month

USD

LIBOR

+

7.55%

Mitsui

Sumitomo

Insurance

Co

Ltd

4.95%,

12/31/2049

(f),(h)

520‌

619‌

USD

Swap

Semi-Annual

5

Year

+

3.26%

4.95%,

12/31/2099

(f),(g),(h)

1,800‌

2,142‌

USD

Swap

Semi-Annual

5

Year

+

3.26%

7.00%,

03/15/2072

(g),(h)

10,700‌

11,436‌

3

Month

USD

LIBOR

+

5.90%

MMI

Capital

Trust

I

7.63%,

12/15/2027

1,073‌

1,403‌

Nationwide

Financial

Services

Inc

6.75%,

05/15/2087

79,015‌

94,367‌

Nippon

Life

Insurance

Co

4.70%,

01/20/2046

(g),(h)

5,000‌

5,637‌

USD

Swap

Rate

NY

5

Year

+

3.75%

5.10%,

10/16/2044

(g),(h)

26,700‌

29,837‌

USD

Swap

Rate

NY

5

Year

+

3.65%

Prudential

Financial

Inc

3.70%,

10/01/2050

(h)

11,400‌

11,885‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.04%

5.20%,

03/15/2044

(h)

3,945‌

4,212‌

3

Month

USD

LIBOR

+

3.04%

5.63%,

06/15/2043

(h)

79,130‌

85,164‌

3

Month

USD

LIBOR

+

3.92%

5.88%,

09/15/2042

(h)

45,255‌

48,441‌

3

Month

USD

LIBOR

+

4.18%

QBE

Capital

Funding

III

Ltd

7.25%,

05/24/2041

(g),(h)

5,000‌

5,133‌

USD

Swap

Semi-Annual

10

Year

+

4.05%

Schedule

of

Investments

Spectrum

Preferred

and

Capital

Securities

Income

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

123

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Insurance

(continued)

QBE

Insurance

Group

Ltd

5.88%,

06/17/2046

(h)

$

3,100‌

$

3,430‌

USD

Swap

Rate

NY

10

Year

+

4.40%

5.88%,

12/31/2049

(f),(g),(h)

17,200‌

18,834‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.51%

6.75%,

12/02/2044

(h)

5,533‌

6,238‌

USD

Swap

Semi-Annual

10

Year

+

4.30%

Sompo

Japan

Insurance

Inc

5.33%,

03/28/2073

(g),(h)

60,300‌

65,106‌

3

Month

USD

LIBOR

+

4.27%

Sumitomo

Life

Insurance

Co

4.00%,

09/14/2077

(g),(h)

4,700‌

5,205‌

3

Month

USD

LIBOR

+

2.99%

6.50%,

09/20/2073

(g),(h)

15,500‌

17,438‌

3

Month

USD

LIBOR

+

4.44%

Voya

Financial

Inc

4.70%,

01/23/2048

(h)

8,055‌

8,236‌

3

Month

USD

LIBOR

+

2.08%

5.65%,

05/15/2053

(h)

77,926‌

82,212‌

3

Month

USD

LIBOR

+

3.58%

6.13%,

12/31/2049

(f),(h)

11,706‌

12,262‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.36%

$

1,514,763‌

Oil

&

Gas

-

0

.20

%

BP

Capital

Markets

PLC

4.38%,

12/31/2049

(f),(h)

14,600‌

15,585‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.04%

Pipelines

-

3

.66

%

Enbridge

Inc

5.75%,

07/15/2080

(h)

52,375‌

57,068‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.31%

6.00%,

01/15/2077

(h)

44,100‌

46,525‌

3

Month

USD

LIBOR

+

3.89%

6.25%,

03/01/2078

(h)

31,558‌

33,793‌

3

Month

USD

LIBOR

+

3.64%

Enterprise

Products

Operating

LLC

5.25%,

08/16/2077

(h)

58,300‌

57,507‌

3

Month

USD

LIBOR

+

3.03%

5.38%,

02/15/2078

(h)

5,000‌

4,756‌

3

Month

USD

LIBOR

+

2.57%

Transcanada

Trust

5.50%,

09/15/2079

(h)

51,000‌

55,845‌

3

Month

USD

LIBOR

+

4.15%

5.87%,

08/15/2076

(h)

30,081‌

33,390‌

3

Month

USD

LIBOR

+

4.64%

$

288,884‌

REITs

-

1

.01

%

Scentre

Group

Trust

2

4.75%,

09/24/2080

(g),(h)

10,500‌

10,920‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.38%

4.75%,

09/24/2080

(h)

4,300‌

4,472‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.38%

5.13%,

09/24/2080

(g),(h)

61,600‌

64,563‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.69%

$

79,955‌

Sovereign

-

0

.46

%

CoBank

ACB

6.25%,

12/31/2049

(f),(h)

16,400‌

17,835‌

3

Month

USD

LIBOR

+

4.66%

BONDS

(continued)

Principal

Amount

(000’s)

Value

(000’s)

Sovereign

(continued)

Farm

Credit

Bank

of

Texas

5.70%,

12/31/2049

(f),(g),(h)

$

17,000‌

$

18,360‌

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

5.42%

$

36,195‌

Transportation

-

0

.52

%

BNSF

Funding

Trust

I

6.61%,

12/15/2055

(h)

35,709‌

40,887‌

3

Month

USD

LIBOR

+

2.35%

TOTAL

BONDS

$

6,520,855‌

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

-

2

.62

%

Principal

Amount

(000's)

Value

(000's)

U.S.

Treasury

-

2

.62

%

0.13%,

08/31/2022

$

53,500‌

$

53,485‌

0.13%,

08/15/2023

51,000‌

50,932‌

0.25%,

04/15/2023

35,000‌

35,074‌

0.25%,

07/31/2025

55,000‌

54,790‌

0.38%,

03/31/2022

12,000‌

12,039‌

$

206,320‌

TOTAL

U.S.

GOVERNMENT

&

GOVERNMENT

AGENCY

OBLIGATIONS

$

206,320‌

TOTAL

PURCHASED

OPTIONS

-

0.00%

$

13‌

Total

Investments

$

7,811,540‌

Other

Assets

and

Liabilities

-  0.90%

70,979‌

TOTAL

NET

ASSETS

-

100.00%

$

7,882,519‌

(a)

Security

or

a

portion

of

the

security

was

on

loan

at

the

end

of

the

period.

(b)

Current

yield

shown

is

as

of

period

end.

(c)

Security

or

a

portion

of

the

security

was

received

as

collateral

for

securities

lending.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$36,003

or

0.46%

of

net

assets.

(d)

Affiliated

Security.

Security

is

either

an

affiliate

(and

registered

under

the

Investment

Company

Act

of

1940)

or

an

affiliate

as

defined

by

the

Investment

Company

Act

of

1940

(controls

5.00%

or

more

of

the

outstanding

voting

shares

of

the

security).

Please

see

Affiliated

Securities

sub-schedule

for

transactional

information.

(e)

Non-income

producing

security

(f)

Perpetual

security.

Perpetual

securities

pay

an

indefinite

stream

of

interest,

but

they

may

be

called

by

the

issuer

at

an

earlier

date.

Date

shown,

if

any,

reflects

the

next

call

date

or

final

legal

maturity

date.

Rate

shown

is

as

of

period

end.

(g)

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$1,719,675

or

21.82%

of

net

assets.

(h)

Rate

shown

is

as

of

period

end.

The

rate

may

be

a

variable

or

floating

rate

or

a

fixed

rate

which

may

convert

to

a

variable

or

floating

rate

in

the

future.

(i)

Security

is

a

contingent

convertible

security,

("CoCo").

CoCo's

are

hybrid

debt

securities

that

may

convert

to

equity

or

have

their

principal

written

down

upon

occurrence

of

certain

"triggers".

See

notes

for

additional

information.

At

the

end

of

the

period,

the

value

of

these

securities

totaled

$1,971,658

or

25.01%

of

net

assets.

Portfolio

Summary  (unaudited)

Sector

Percent

Financial

79

.96‌

%

Utilities

7

.09‌

%

Government

3

.94‌

%

Energy

3

.86‌

%

Communications

1

.34‌

%

Industrial

1

.02‌

%

Money

Market

Funds

0

.86‌

%

Investment

Companies

0

.63‌

%

Consumer,

Non-cyclical

0

.40‌

%

Purchased

Options

0

.00‌

%

Other

Assets

and

Liabilities

0

.90‌

%

TOTAL

NET

ASSETS

100.00%

Schedule

of

Investments

Spectrum

Preferred

and

Capital

Securities

Income

Fund

November

30,

2020

(unaudited)

See

accompanying

notes.

124

Affiliated

Securities

August

31,

2020

Purchases

Sales

November

30,

2020

Value

Cost

Proceeds

Value

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

245,019‌

$

576,952‌

$

772,896‌

$

49,075‌

$

245,019‌

$

576,952‌

$

772,896‌

$

49,075‌

Income

(a)

Realized

Gain/Loss

on

Investments

Realized

Gain

from

Capital

Gain

Distributions

Change

in

Unrealized

Gain/

Loss

Principal

Government

Money

Market

Fund

-

Institutional

Class

0.00%

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

$

—‌

Amounts

in

thousands.

(a)

Amount

excludes

earnings

from

securities

lending

collateral.

Options

Purchased

Options

Outstanding

Counterparty

Contracts/

Shares

Notional

Amount

Exercise

Price

Expiration

Date

Upfront

Payments

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Call

-

US

10

Year

Note

Future;

March

2021

N/A

750‌

$

750‌

$

142

.50‌

12/28/2020

$

14‌

$

12‌

$

(

2‌

)

Call

-

US

Long

Bond

Future;

March

2021

N/A

100‌

100‌

$

181

.00‌

12/07/2020

3‌

1‌

(

2‌

)

Total

$

17‌

$

13‌

$

(

4‌

)

Written

Options

Outstanding

Counterparty

Contracts/

Shares

Notional

Amount

Exercise

Price

Expiration

Date

Upfront

Receipts

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Call

-

US

Long

Bond

Future;

March

2021

N/A

100‌

$

100‌

$

175

.00‌

12/07/2020

$

(

84‌

)

$

(

69‌

)

$

15‌

Total

$

(

84‌

)

$

(

69‌

)

$

15‌

Amounts

in

thousands

except

contracts/shares.

Futures

Contracts

Description

and

Expiration

Date

Type

Contracts

Notional

Amount

Value

and

Unrealized

Appreciation/(Depreciation)

US

10

Year

Note;

March

2021

Short

750‌

$

103,629‌

$

(

229‌

)

Total

$

(

229‌

)

Amounts

in

thousands

except

contracts.

Glossary

to

the

Schedule

of

Investments

November

30,

2020

(unaudited)

See

accompanying

notes.

125

Currency

Abbreviations

ARS

Argentine

Peso

AUD

Australian

Dollar

BRL

Brazilian

Real

CAD

Canadian

Dollar

CHF

Swiss

Franc

CLP

Chilean

Peso

CNY

Chinese

Renminbi

COP

Colombian

Peso

CZK

Czech

Koruna

EUR

Euro

GBP

British

Pound

Sterling

HUF

Hungarian

Forint

IDR

Indonesian

Rupiah

INR

Indian

Rupee

JPY

Japanese

Yen

KRW

South

Korean

Won

MXN

Mexican

Peso

MYR

Malaysian

Ringgit

NZD

New

Zealand

Dollar

PEN

Peruvian

Nuevo

Sol

PLN

Polish

Zloty

RUB

Russian

Ruble

SEK

Swedish

Krona

THB

Thai

Baht

TRY

Turkish

Lira

USD/$

United

States

Dollar

ZAR

South

African

Rand

November

30,

2020

(unaudited)

126

Security

Valuation.

Blue

Chip

Fund,

Bond

Market

Index

Fund,

Capital

Securities

Fund,

Diversified

Real

Asset

Fund,

Edge

MidCap

Fund,

Global

Multi-Strategy

Fund,

International

Equity

Index

Fund,

International

Small

Company

Fund,

Opportunistic

Municipal

Fund,

Origin

Emerging

Markets

Fund,

Small-MidCap

Dividend

Income

Fund,

Small-MidCap

Growth

Fund,

and

Spectrum

Preferred

and

Capital

Securities

Income

Fund

(known

as

the

“Funds”)

value

securities

for

which

market

quotations

are

readily

available

at

fair

value,

which

is

determined

using

the

last

reported

sale

price.

If

no

sales

are

reported,

as

is

regularly

the

case

for

some

securities

traded

over-the-counter,

securities

are

valued

using

the

last

reported

bid

price

or

an

evaluated

bid

price

provided

by

a

pricing

service.

Pricing

services

use

modeling

techniques

that

incorporate

security

characteristics

such

as

current

quotations

by

broker/dealers,

coupon,

maturity,

quality,

type

of

issue,

trading

characteristics,

other

yield

and

risk

factors,

and

other

market

conditions

to

determine

an

evaluated

bid

price

or,

in

the

case

of

certain

credit

default

swaps,

a

mean

price

provided

by

a

pricing

service.

When

reliable

market

quotations

are

not

considered

to

be

readily

available,

which

may

be

the

case,

for

example,

with

respect

to

restricted

securities,

certain

debt

securities,

preferred

stocks,

and

foreign

securities,

the

investments

are

valued

at

their

fair

value

as

determined

in

good

faith

by

the

Principal

Global

Investors,

LLC

(“the

Manager”)

under

procedures

established

and

periodically

reviewed

by

the

Fund’s

Board

of

Directors.

Certain

of

the

Funds

invest

in

other

series

of

Principal

Funds,

Inc.

(the

“Underlying

Funds”).

Investments

in

the

Underlying

Funds

are

valued

at

the

closing

net

asset

value

per

share

of

each

Underlying

Fund

on

the

day

of

valuation.

The

value

of

foreign

securities

used

in

computing

the

net

asset

value

per

share

is

generally

determined

as

of

the

close

of

the

foreign

exchange

where

the

security

is

principally

traded.

Events

that

occur

after

the

close

of

the

applicable

foreign

market

or

exchange

but

prior

to

the

calculation

of

the

Funds’

net

asset

values

are

reflected

in

the

Funds’

net

asset

values

and

these

securities

are

valued

at

fair

value.

Many

factors,

provided

by

independent

pricing

services,

are

reviewed

in

the

course

of

making

a

good

faith

determination

of

a

security’s

fair

value,

including,

but

not

limited

to,

price

movements

in

American

depositary

receipts

(“ADRs”),

futures

contracts,

industry

indices,

general

indices,

and

foreign

currencies.

To

the

extent

the

Funds

invest

in

foreign

securities

listed

on

foreign

exchanges

which

trade

on

days

on

which

the

Funds

do

not

determine

net

asset

values,

for

example

weekends

and

other

customary

national

U.S.

holidays,

the

Funds’

net

asset

values

could

be

significantly

affected

on

days

when

shareholders

cannot

purchase

or

redeem

shares.

Certain

securities

issued

by

companies

in

emerging

market

countries

may

have

more

than

one

quoted

valuation

at

any

given

point

in

time,

sometimes

referred

to

as

a

“local”

price

and

a

“premium”

price.

The

premium

price

is

often

a

negotiated

price,

which

may

not

consistently

represent

a

price

at

which

a

specific

transaction

can

be

effected.

It

is

the

policy

of

the

Funds

to

value

such

securities

at

prices

at

which

it

is

expected

those

shares

may

be

sold,

and

the

Manager

or

any

sub-advisor

is

authorized

to

make

such

determinations

subject

to

such

oversight

by

the

Fund’s

Board

of

Directors

as

may

occasionally

be

necessary.

Fair

value

is

defined

as

the

price

that

the

Funds

would

receive

upon

selling

a

security

or

transferring

a

liability

in

a

timely

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

of

the

security

at

the

measurement

date.

In

determining

fair

value,

the

Funds

may

use

one

or

more

of

the

following

approaches:

market,

income

and/or

cost.

A

hierarchy

for

inputs

is

used

in

measuring

fair

value

that

maximizes

the

use

of

observable

inputs

and

minimizes

the

use

of

unobservable

inputs

by

requiring

that

the

most

observable

inputs

be

used

when

available.

Observable

inputs

are

inputs

that

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability

developed

based

on

market

data

obtained

from

sources

independent

of

the

Funds.

Unobservable

inputs

are

inputs

that

reflect

the

fund’s

own

estimates

about

the

estimates

market

participants

would

use

in

pricing

the

asset

or

liability

developed

based

on

the

best

information

available

in

the

circumstances.

The

three-tier

hierarchy

of

inputs

is

summarized

in

the

three

broad

levels

listed

below.

Level

1

–

Quoted

prices

are

available

in

active

markets

for

identical

securities

as

of

the

reporting

date.

Investments

which

are

generally

included

in

this

category

include

listed

equities

and

listed

derivatives.

Level

2

–

Other

significant

observable

inputs

(including

quoted

prices

for

similar

investments,

interest

rates,

prepayments

speeds,

credit

risk,

etc.).

Investments

which

are

generally

included

in

this

category

include

certain

foreign

equities,

corporate

bonds,

municipal

bonds,

OTC

derivatives,

senior

floating

rate

interests,

and

US

Government

and

Government

Agency

Obligations.

Level

3

–

Significant

unobservable

inputs

(including

the

Funds’

assumptions

in

determining

the

fair

value

of

investments).

Investments

which

are

generally

included

in

this

category

include

certain

common

stocks,

corporate

bonds,

mortgage

backed

securities

or

senior

floating

rate

interests.

November

30,

2020

(unaudited)

127

The

availability

of

observable

inputs

can

vary

from

security

to

security

and

is

affected

by

a

wide

variety

of

factors,

including,

for

example,

the

type

of

security,

whether

the

security

is

new

and

not

yet

established

in

the

market

place,

and

other

characteristics

particular

to

the

transaction.

To

the

extent

that

valuation

is

based

on

models

or

inputs

that

are

less

observable

or

unobservable

in

the

market,

the

determination

of

fair

value

requires

more

judgment.

Accordingly,

the

degree

of

judgment

exercised

by

the

Funds

in

determining

fair

value

is

greatest

for

instruments

categorized

in

Level

3.

In

certain

cases,

the

inputs

used

to

measure

fair

value

may

fall

into

different

levels

of

the

fair

value

hierarchy.

In

such

cases,

for

disclosure

purposes,

the

level

in

the

fair

value

hierarchy

within

which

the

fair

value

measurement

in

its

entirety

falls

is

determined

based

on

the

lowest

level

input

that

is

significant

to

the

fair

value

measurement

in

its

entirety.

Fair

value

is

a

market

based

measure

considered

from

the

perspective

of

a

market

participant

who

holds

the

asset

rather

than

an

entity

specific

measure.

Therefore,

even

when

market

assumptions

are

not

readily

available,

the

Funds’

own

assumptions

are

set

to

reflect

those

that

market

participants

would

use

in

pricing

the

asset

or

liability

at

the

measurement

date.

The

Funds

use

prices

and

inputs

that

are

current

as

of

the

measurement

date,

when

available.

Investments

which

are

included

in

the

Level

3

category

may

be

valued

using

indicative

quoted

prices

from

brokers

and

dealers

participating

in

the

market

for

these

investments.

These

investments

are

classified

as

Level

3

investments

due

to

the

lack

of

market

transparency

and

market

corroboration

to

support

these

quoted

prices.

Valuation

models

may

be

used

as

the

pricing

source

for

other

investments

classified

as

Level

3.

Valuation

models

rely

on

one

or

more

significant

unobservable

inputs

such

as:

yield

to

maturity,

EBITDA

multiples,

discount

rates

or

available

cash.

Significant

increases

in

yield

to

maturity,

EBITDA

multiples

or

available

cash

would

have

resulted

in

significantly

higher

fair

value

measurements.

Significant

increases

in

discount

rates

would

have

resulted

in

a

significantly

lower

fair

value

measurement.

Benchmark

pricing

procedures

set

the

base

price

of

a

security

based

on

current

market

data.

The

base

price

may

be

a

broker-dealer

quote,

transaction

price,

or

internal

value

based

on

relevant

market

data.

The

fair

values

of

these

securities

are

dependent

on

economic,

political

and

other

considerations.

The

values

of

such

securities

may

be

affected

by

significant

changes

in

the

economic

conditions,

changes

in

government

policies,

and

other

factors

(e.g.,

natural

disasters,

accidents,

conflicts,

etc.).

The

inputs

or

methodology

used

for

valuing

securities

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

those

instruments.

Fund

Level

1

-

Quoted

Prices

Level

2

-

Other

Significant

Observable

Inputs

Level

3

-

Significant

Unobservable

Inputs

Totals

(Level

1,2,3)

Blue

Chip

Fund

Common

Stocks*

$

8,129,082

$

—

$

—

$

8,129,082

Investment

Companies

22,281

—

—

22,281

Total

investments

in

securities

$

8,151,363

$

—

$

—

$

8,151,363

Bond

Market

Index

Fund

Bonds*

—

277,726

—

277,726

Investment

Companies

51,059

—

—

51,059

Municipal

Bonds*

—

4,380

—

4,380

U.S.

Government

&

Government

Agency

Obligations*

—

572,684

—

572,684

Total

investments

in

securities

$

51,059

$

854,790

$

—

$

905,849

Capital

Securities

Fund

Bonds*

—

834,166

—

834,166

Convertible

Preferred

Stocks

Financial

1,483

—

—

1,483

Industrial

3,075

—

—

3,075

Investment

Companies

14,497

—

—

14,497

Preferred

Stocks

Communications

3,028

—

—

3,028

Energy

4,210

—

—

4,210

Financial

17,282

—

—

17,282

Government

1,073

5,749

—

6,822

Utilities

1,090

—

—

1,090

U.S.

Government

&

Government

Agency

Obligations*

—

24,979

—

24,979

Total

investments

in

securities

$

45,738

$

864,894

$

—

$

910,632

November

30,

2020

(unaudited)

128

Fund

Level

1

-

Quoted

Prices

Level

2

-

Other

Significant

Observable

Inputs

Level

3

-

Significant

Unobservable

Inputs

Totals

(Level

1,2,3)

Diversified

Real

Asset

Fund

Bonds*

$

—

$

390,169

$

—

$

390,169

Commodity

Indexed

Structured

Notes*

—

22,722

—

22,722

Common

Stocks

Basic

Materials

172,895

128,420

—

301,315

Communications

4,513

1,056

197

5,766

Consumer,

Cyclical

11,473

8,292

33

19,798

Consumer,

Non-cyclical

61,572

59,508

42

121,122

Energy

249,750

61,162

—

310,912

Financial

226,940

129,222

—

356,162

Industrial

85,347

110,229

—

195,576

Technology

284

—

2,434

2,718

Utilities

206,303

197,050

—

403,353

Investment

Companies

85,809

—

—

85,809

Preferred

Stocks

Industrial

110

136

104

350

Utilities

7,568

—

—

7,568

Senior

Floating

Rate

Interests*

—

247,089

—

247,089

U.S.

Government

&

Government

Agency

Obligations*

—

752,958

—

752,958

Purchased

Options

27

—

—

27

Purchased

Interest

Rate

Swaptions

—

1,804

—

1,804

Purchased

Capped

Options

—

209

—

209

Total

investments

in

securities

$

1,112,591

$

2,110,026

$

2,810

$

3,225,427

Assets

Commodity

Contracts

Futures**

12,384

—

—

12,384

Total

Return

Swaps

—

4,672

—

4,672

Foreign

Exchange

Contracts

Foreign

Currency

Contracts

—

346

—

346

Interest

Rate

Contracts

Exchange

Cleared

Interest

Rate

Swaps**

—

5,702

—

5,702

Futures**

24

—

—

24

Liabilities

Commodity

Contracts

Futures**

(10,375

)

—

—

(10,375

)

Total

Return

Swaps

—

(653

)

—

(653

)

Foreign

Exchange

Contracts

Foreign

Currency

Contracts

—

(985)

—

(985)

Interest

Rate

Contracts

Capped

Options

—

(115)

—

(115)

Exchange

Cleared

Interest

Rate

Swaps**

—

(4,646)

—

(4,646)

Futures**

(90)

—

—

(90)

Interest

Rate

Swaptions

—

(2,108)

—

(2,108)

Written

Options

(102)

—

—

(102)

Edge

MidCap

Fund

Common

Stocks

Basic

Materials

24,704

—

—

24,704

Communications

25,715

15,671

—

41,386

Consumer,

Cyclical

95,786

—

—

95,786

Consumer,

Non-cyclical

145,754

—

—

145,754

Energy

24,401

—

—

24,401

Financial

176,632

—

—

176,632

Industrial

206,126

—

—

206,126

Technology

149,953

—

—

149,953

Utilities

45,375

—

—

45,375

Investment

Companies

20,066

—

—

20,066

Total

investments

in

securities

$

914,512

$

15,671

$

—

$

930,183

Global

Multi-Strategy

Fund

Bonds*

—

296,066

600

296,666

Common

Stocks

Basic

Materials

10,697

6,965

—

17,662

Communications

24,367

3,777

—

28,144

Consumer,

Cyclical

34,720

9,366

39

44,125

November

30,

2020

(unaudited)

129

Fund

Level

1

-

Quoted

Prices

Level

2

-

Other

Significant

Observable

Inputs

Level

3

-

Significant

Unobservable

Inputs

Totals

(Level

1,2,3)

Global

Multi-Strategy

Fund

Consumer,

Non-cyclical

$

52,052

$

14,527

$

—

$

66,579

Energy

4,924

967

39

5,930

Financial

32,028

8,216

535

40,779

Industrial

36,278

15,085

—

51,363

Technology

39,587

4,688

337

44,612

Utilities

3,697

3,761

—

7,458

Convertible

Bonds*

—

3,662

—

3,662

Convertible

Preferred

Stocks

Communications

—

—

137

137

Consumer,

Cyclical

—

—

88

88

Consumer,

Non-cyclical

944

—

—

944

Energy

24

—

—

24

Financial

660

—

—

660

Utilities

74

—

—

74

Credit

Linked

Structured

Notes*

—

10,332

—

10,332

Investment

Companies

93,639

—

—

93,639

Preferred

Stocks

Basic

Materials

—

204

—

204

Communications

—

—

4

4

Consumer,

Cyclical

—

170

—

170

Energy

—

—

2,353

2,353

Financial

—

—

362

362

Technology

—

—

4

4

Repurchase

Agreements*

—

89,113

—

89,113

Senior

Floating

Rate

Interests*

—

9,361

194

9,555

U.S.

Government

&

Government

Agency

Obligations*

—

159,125

—

159,125

Purchased

Options

440

595

—

1,035

Total

investments

in

securities

$

334,131

$

635,980

$

4,692

$

974,803

Short

Sales

Bonds

—

(4,640)

—

(4,640)

Common

Stocks

Basic

Materials

(3,448)

(2,748)

—

(6,196)

Communications

(6,971)

(1,631)

—

(8,602)

Consumer,

Cyclical

(14,914)

(5,211)

—

(20,125)

Consumer,

Non-cyclical

(15,077)

(5,585)

—

(20,662)

Diversified

—

(456)

—

(456)

Energy

(6,290)

(812)

—

(7,102)

Financial

(14,269)

(4,368)

—

(18,637)

Industrial

(11,609)

(8,270)

—

(19,879)

Technology

(10,569)

(2,852)

—

(13,421)

Utilities

(7,098)

(1,257)

—

(8,355)

Preferred

Stocks

Consumer,

Cyclical

—

(399)

—

(399)

Industrial

—

(103)

—

(103)

U.S.

Government

&

Government

Agency

Obligations

—

(85,388)

—

(85,388)

Total

Short

Sales

$

(90,245)

$

(123,720)

$

—

$

(213,965)

Reverse

Repurchase

Agreements

—

(135,595

)

—

(135,595

)

Assets

Credit

Contracts

Credit

Default

Swaps

—

84

—

84

Exchange

Cleared

Credit

Default

Swaps**

—

254

—

254

Commodity

Contracts

Futures**

1,152

—

—

1,152

Equity

Contracts

Futures**

1,198

—

—

1,198

Total

Return

Equity

Basket

Swaps

—

2,06

3

—

2,06

3

Foreign

Exchange

Contracts

Foreign

Currency

Contracts

—

5669

—

5,669

Interest

Rate

Contracts

Exchange

Cleared

Interest

Rate

Swaps**

—

2,328

—

2,328

Futures**

187

—

—

187

Interest

Rate

Swaps

—

57

—

57

Total

Return

Swaps

—

1

09

—

1

09

Liabilities

Credit

Contracts

November

30,

2020

(unaudited)

130

Fund

Level

1

-

Quoted

Prices

Level

2

-

Other

Significant

Observable

Inputs

Level

3

-

Significant

Unobservable

Inputs

Totals

(Level

1,2,3)

Global

Multi-Strategy

Fund

Credit

Default

Swaps

$

—

$

(16)

$

—

$

(16)

Exchange

Cleared

Credit

Default

Swaps**

—

(467)

—

(467)

Commodity

Contracts

Futures**

(435

)

—

—

(435

)

Equity

Contracts

Futures**

(5,495

)

—

—

(5,495

)

Written

Options

(208)

—

—

(208)

Total

Return

Equity

Basket

Swaps

—

(2,030

)

—

(2,030

)

Foreign

Exchange

Contracts

Foreign

Currency

Contracts

—

(6,346)

—

(6,346)

Written

Options

—

(202)

—

(202)

Interest

Rate

Contracts

Exchange

Cleared

Interest

Rate

Swaps**

—

(5,449)

—

(5,449)

Futures**

(112)

—

—

(112)

Interest

Rate

Swaps

—

(374)

—

(374)

Written

Options

(4)

—

—

(4)

International

Equity

Index

Fund

Common

Stocks

Basic

Materials

—

75,236

—

75,236

Communications

1,043

66,031

—

67,074

Consumer,

Cyclical

289

146,533

—

146,822

Consumer,

Non-cyclical

1,449

296,004

—

297,453

Diversified

—

2,685

—

2,685

Energy

—

38,672

—

38,672

Financial

—

217,644

—

217,644

Industrial

—

160,036

—

160,036

Technology

1,308

60,245

—

61,553

Utilities

—

43,397

—

43,397

Investment

Companies

23,356

—

—

23,356

Preferred

Stocks

Basic

Materials

—

293

—

293

Consumer,

Cyclical

—

3,306

—

3,306

Consumer,

Non-cyclical

—

1,420

—

1,420

Industrial

—

1,202

—

1,202

Total

investments

in

securities

$

27,445

$

1,112,704

$

—

$

1,140,149

Liabilities

Equity

Contracts

Futures**

(34)

—

—

(34)

International

Small

Company

Fund

Common

Stocks

Basic

Materials

20,125

62,057

—

82,182

Communications

—

49,305

—

49,305

Consumer,

Cyclical

6,362

161,487

—

167,849

Consumer,

Non-cyclical

15,760

131,000

—

146,760

Energy

11,338

25,198

—

36,536

Financial

9,061

225,268

—

234,329

Industrial

17,452

204,623

—

222,075

Technology

18,294

92,672

—

110,966

Utilities

15,626

16,586

—

32,212

Investment

Companies

50,905

—

—

50,905

Preferred

Stocks

Industrial

—

3,217

—

3,217

Total

investments

in

securities

$

164,923

$

971,413

$

—

$

1,136,336

Opportunistic

Municipal

Fund

Investment

Companies

50

—

—

50

Municipal

Bonds*

—

136,362

—

136,362

Total

investments

in

securities

$

50

$

136,362

$

—

$

136,412

Origin

Emerging

Markets

Fund

Common

Stocks

Basic

Materials

24,726

62,738

—

87,464

November

30,

2020

(unaudited)

131

*For

additional

detail

regarding

sector

classifications,

please

see

the

Schedule

of

Investments.

**Exchange

cleared

swaps

and

futures

are

presented

at

the

unrealized

appreciation/(depreciation)

of

the

instrument.

The

Funds'

Schedules

of

Investments

as

of

November

3

0

,

2020

have

not

been

audited.

This

report

is

provided

for

the

general

information

of

the

Funds'

shareholders.

For

more

information

regarding

the

Fund

and

its

holdings,

please

see

the

Funds'

prospectus

and

annual

report.

Fund

Level

1

-

Quoted

Prices

Level

2

-

Other

Significant

Observable

Inputs

Level

3

-

Significant

Unobservable

Inputs

Totals

(Level

1,2,3)

Origin

Emerging

Markets

Fund

Communications

$

194,315

$

216,354

$

—

$

410,669

Consumer,

Cyclical

—

88,507

—

88,507

Consumer,

Non-cyclical

24,161

133,040

—

157,201

Energy

—

34,151

—

34,151

Financial

49,210

202,300

—

251,510

Industrial

—

256,511

—

256,511

Technology

170,813

221,208

—

392,021

Utilities

—

24,247

—

24,247

Investment

Companies

27,224

—

—

27,224

Preferred

Stocks

27,451

—

—

27,451

Total

investments

in

securities

$

517,900

$

1,239,056

$

—

$

1,756,956

Small-

MidCap

Dividend

Income

Fund

Common

Stocks*

1,547,101

—

—

1,547,101

Investment

Companies

31,350

—

—

31,350

Total

investments

in

securities

$

1,578,451

$

—

$

—

$

1,578,451

Small-

MidCap

Growth

Fund

Common

Stocks*

9,503

—

—

9,503

Investment

Companies

76

—

—

76

Total

investments

in

securities

$

9,579

$

—

$

—

$

9,579

Spectrum

Preferred

and

Capital

Securities

Income

Fund

Bonds*

—

6,520,855

—

6,520,855

Convertible

Preferred

Stocks

Financial

110,291

—

—

110,291

Industrial

25,830

—

—

25,830

Investment

Companies

117,421

—

—

117,421

Preferred

Stocks

Communications

105,941

—

—

105,941

Consumer,

Non-cyclical

—

23,590

—

23,590

Energy

51

—

—

51

Financial

488,681

6,540

—

495,221

Government

6,975

60,625

—

67,600

Utilities

136,195

2,212

—

138,407

U.S.

Government

&

Government

Agency

Obligations*

—

206,320

—

206,320

Purchased

Options

13

—

—

13

Total

investments

in

securities

$

991,398

$

6,820,142

$

—

$

7,811,540

Liabilities

Interest

Rate

Contracts

Futures**

(229)

—

—

(229)

Written

Options

(69)

—

—

(69)