METROPOLITAN WEST FUNDS

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.


Issues	Maturity Date			Principal Amount		Value
BONDS – 76.98%
ASSET-BACKED SECURITIES — 8.69%**
Access Group, Inc., Series 2015-1, Class A
(LIBOR USD 1-Month plus 0.70%)
3.21%		07/25/56	^1,2	$	19,851	$	19,874
BA Credit Card Trust, Series 2014-A1, Class A
(LIBOR USD 1-Month plus 0.38%)
2.84%		06/15/21	¹		140,000		140,009
Bayview Commercial Asset Trust, Series 2004-3, Class A1
(LIBOR USD 1-Month plus 0.56%)
3.06%		01/25/35	^1,2		15,893		15,722
BlueMountain CLO Ltd., Series 2013-2A, Class A1R (Cayman Islands)
(LIBOR USD 3-Month plus 1.18%)
3.65%		10/22/30	^1,2,3		50,000		49,448
Brazos Higher Education Authority, Inc., Series 2010-1, Class A2
(LIBOR USD 3-Month plus 1.20%)
3.88%		02/25/35	¹		15,000		15,356
Brazos Higher Education Authority, Inc., Series 2011-2, Class A3
(LIBOR USD 3-Month plus 1.00%)
3.49%		10/27/36	¹		15,000		15,186
Chase Issuance Trust, Series 2015-A4, Class A4 0.00%
1.84%		04/15/22			140,000		138,184
Citibank Credit Card Issuance Trust, Series 2014-A6, Class A6 0.00%
2.15%		07/15/21			140,000		139,437
Dryden XXVI Senior Loan Fund, Series 2013-26A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.90%)
3.34%		04/15/29	^1,2,3		50,000		49,510
Educational Funding of the South, Inc., Series 2011-1, Class A2
(LIBOR USD 3-Month plus 0.65%)
3.14%		04/25/35	¹		4,201		4,194
Educational Funding of the South, Inc., Series 2012-1, Class A
(LIBOR USD 1-Month plus 1.05%)
3.56%		03/25/36	¹		41,917		42,274
Magnetite IX Ltd., Series 2014-9A, Class A1R (Cayman Islands)
(LIBOR USD 3-Month plus 1.00%)
3.49%		07/25/26	^1,2,3		36,858		36,895
Navient Student Loan Trust, Series 2017-4A, Class A2
(LIBOR USD 1-Month plus 0.50%)


Issues	Maturity Date			Principal Amount		Value
ASSET-BACKED SECURITIES (continued)
3.01%		09/27/66	^1,2	$	100,000	$	100,172
Nelnet Student Loan Trust, Series 2014-3A, Class A
(LIBOR USD 1-Month plus 0.58%)
3.09%		06/25/41	^1,2		21,103		21,174
North Carolina State Education Authority, Series 2011-1, Class A3
(LIBOR USD 3-Month plus 0.90%)
3.39%		10/25/41	¹		13,555		13,682
Northstar Education Finance, Inc., Series 2007-1, Class A2
(1.00 X LIBOR USD 3-Month plus 0.75%)
3.26%		01/29/46	¹		10,000		9,870
Scholar Funding Trust, Series 2011-A, Class A
(LIBOR USD 3-Month plus 0.90%)
3.41%		10/28/43	^1,2		4,305		4,318
SLM Student Loan Trust, Series 2003-10A, Class A3
(LIBOR USD 3-Month plus 0.47%)
3.26%		12/15/27	^1,2		79,792		79,750
SLM Student Loan Trust, Series 2003-11, Class A6
(LIBOR USD 3-Month plus 0.55%)
3.34%		12/15/25	^1,2		74,894		75,275
SLM Student Loan Trust, Series 2004-1, Class A4
(LIBOR USD 3-Month plus 0.26%)
2.75%		10/27/25	¹		95,980		96,058
SLM Student Loan Trust, Series 2005-8, Class A4
(LIBOR USD 3-Month plus 0.55%)
3.04%		01/25/28	¹		63,854		63,930
SLM Student Loan Trust, Series 2007-6, Class A4
(LIBOR USD 3-Month plus 0.38%)
2.87%		10/25/24	¹		56,287		56,313
SLM Student Loan Trust, Series 2008-9, Class A
(LIBOR USD 3-Month plus 1.50%)
3.99%		04/25/23	¹		103,449		104,070
SLM Student Loan Trust, Series 2011-1, Class A1
(LIBOR USD 1-Month plus 0.52%)
3.03%		03/25/26	¹		50,616		50,726
SLM Student Loan Trust, Series 2011-2, Class A1
(LIBOR USD 1-Month plus 0.60%)
3.11%		11/25/27	¹		9,897		9,940
SLM Student Loan Trust, Series 2013-4, Class A
(LIBOR USD 1-Month plus 0.55%)
3.06%		06/25/43	¹		8,377		8,348


Issues	Maturity Date			Principal Amount		Value
ASSET-BACKED SECURITIES (continued)
Voya CLO Ltd., Series 2014-3A, Class A1R (Cayman Islands)
(LIBOR USD 3-Month plus 0.72%)
3.21%		07/25/26	^1,2,3	$	44,790	$	44,735


Total Asset-Backed Securities
(Cost $1,402,730)							1,404,450

BANK LOANS — 0.04%*
Industrials — 0.04%
Tyco International Holdings SARL, Term Loan
LIBOR
4.16%		03/02/20	^1,4,5		6,825		6,799

Total Bank Loans
(Cost $6,830)

CORPORATES — 45.19%*
Banking — 11.37%
Bank of America Corp.
2.74%		01/23/22	⁶		100,000		98,512
3.00%		12/20/23	⁶		91,000		88,502
Bank of America Corp. (GMTN)
2.37%		07/21/21	⁶		200,000		196,591
Bank of New York Mellon Corp., (The) Series G
2.20%		05/15/19			100,000		99,791
JPMorgan Chase & Co.
(LIBOR USD 3-Month plus 0.68%)
3.42%		06/01/21	¹		75,000		74,570
JPMorgan Chase Bank N.A. (BKNT)
(LIBOR USD 3-Month plus 0.29%)
2.83%		02/01/21	¹		250,000		248,307
Lloyds Bank PLC (United Kingdom) (MTN)
5.80%		01/13/20	^2,3		75,000		76,783
Macquarie Bank Ltd. (Australia)
2.60%		06/24/19	^2,3		50,000		49,854
PNC Bank N.A. (BKNT)
1.95%		03/04/19			250,000		249,658
Santander UK PLC (United Kingdom)
2.50%		03/14/19	³		60,000		59,991
US Bank N.A. (BKNT)
3.05%		07/24/20			250,000		249,761
Wells Fargo & Co., Series N (MTN)
2.15%		01/30/20			100,000		98,928
Wells Fargo Bank N.A. (BKNT)
2.40%		01/15/20			250,000		247,840


							1,839,088

Communications — 1.26%
CCO Holdings LLC/CCO Holdings Capital Corp.
5.13%		05/01/27	²		6,000		5,596


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Communications (continued)
Clear Channel International BV (Netherlands)
8.75%		12/15/20	^2,3	$	3,000	$	3,034
Comcast Corp.
3.45%		10/01/21			60,000		60,632
Discovery Communications LLC
2.75%		11/15/19	²		35,000		34,782
Intelsat Jackson Holdings SA (Luxembourg)
5.50%		08/01/23	³		10,000		8,750
8.50%		10/15/24	^2,3		5,000		4,841
9.75%		07/15/25	^2,3		2,000		2,016
Sprint Communications, Inc.
7.00%		03/01/20	²		16,000		16,440
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC
3.36%		09/20/21	²		68,750		67,805


							203,896

Consumer Discretionary — 1.49%
Anheuser-Busch InBev Worldwide, Inc.
6.88%		11/15/19			75,000		77,314
Central Garden & Pet Co.
5.13%		02/01/28			6,000		5,400
Constellation Brands, Inc.
2.00%		11/07/19			50,000		49,394
(LIBOR USD 3-Month plus 0.70%)
3.21%		11/15/21	¹		50,000		49,421
KFC Holding Co./Pizza Hut Holdings LLC/ Taco Bell of America LLC
5.25%		06/01/26	²		6,000		5,790
Molson Coors Brewing Co.
1.45%		07/15/19			55,000		54,465


							241,784

Consumer Products — 0.25%
Newell Brands, Inc.
2.60%		03/29/19			40,000		39,949

Electric — 3.27%
DTE Energy Co.
2.40%		12/01/19			50,000		49,498
Jersey Central Power & Light Co.
7.35%		02/01/19			100,000		100,307
NextEra Energy Capital Holdings, Inc.
(LIBOR USD 3-Month plus 0.48%)
3.06%		05/04/21	¹		55,000		54,483
(LIBOR USD 3-Month plus 0.55%)
3.26%		08/28/21	¹		40,000		39,508
NextEra Energy Operating Partners LP
4.50%		09/15/27	²		4,000		3,580


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Electric (continued)
PNM Resources, Inc.
3.25%		03/09/21		$	100,000	$	99,103
Progress Energy, Inc.
7.05%		03/15/19			70,000		70,535
Union Electric Co.
6.70%		02/01/19			111,000		111,283


							528,297

Energy — 0.63%
Antero Resources Corp.
5.00%		03/01/25			5,000		4,550
Energy Transfer LP
5.50%		06/01/27			12,000		11,730
Rockies Express Pipeline LLC
5.63%		04/15/20	²		20,000		20,100
6.00%		01/15/19	²		50,000		50,011
Transocean Guardian Ltd. (Cayman Islands)
5.88%		01/15/24	^2,3		7,000		6,738
Transocean Pontus Ltd. (Cayman Islands)
6.13%		08/01/25	^2,3		6,000		5,820
Transocean Proteus Ltd. (Cayman Islands)
6.25%		12/01/24	^2,3		3,200		3,080


							102,029

Finance — 7.79%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland)
3.75%		05/15/19	³		100,000		100,002
Air Lease Corp.
3.50%		01/15/22			65,000		64,012
BMW U.S. Capital LLC
(LIBOR USD 3-Month plus 0.38%)
3.18%		04/06/20	^1,2		60,000		59,697
Citibank N.A. (BKNT)
3.40%		07/23/21			100,000		100,162
Citigroup, Inc.
2.40%		02/18/20			40,000		39,626
8.50%		05/22/19			50,000		51,047
(LIBOR USD 3-Month plus 0.95%)
3.44%		07/24/23	¹		30,000		29,311
Daimler Finance North America LLC
1.75%		10/30/19	²		50,000		49,341
Ford Motor Credit Co. LLC
2.46%		03/27/20			50,000		48,961
3.20%		01/15/21			60,000		58,169
(LIBOR USD 3-Month plus 0.79%)
3.57%		06/12/20	¹		15,000		14,792
GE Capital International Funding Co. (Ireland)
2.34%		11/15/20	³		45,000		43,431


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Finance (continued)
General Motors Financial Co., Inc.
2.35%		10/04/19		$	50,000	$	49,574
Goldman Sachs Group, Inc. (The)
2.55%		10/23/19			175,000		174,069
Goldman Sachs Group, Inc. (The) (MTN)
(LIBOR USD 3-Month plus 1.60%)
4.31%		11/29/23	¹		75,000		74,414
Morgan Stanley (GMTN)
5.50%		07/24/20			100,000		103,126
(LIBOR USD 3-Month plus 0.55%)
3.17%		02/10/21	¹		50,000		49,456
Morgan Stanley, Series 3NC2
(LIBOR USD 3-Month plus 0.80%)
3.41%		02/14/20	¹		150,000		150,007


							1,259,197

Food — 2.05%
Campbell Soup Co.
(LIBOR USD 3-Month plus 0.50%)
3.29%		03/16/20	¹		50,000		49,564
Conagra Brands, Inc.
(LIBOR USD 3-Month plus 0.50%)
3.30%		10/09/20	¹		60,000		59,343
Danone SA (France)
1.69%		10/30/19	^2,3		50,000		49,322
Kraft Heinz Foods Co.
(LIBOR USD 3-Month plus 0.42%)
3.02%		08/09/19	¹		75,000		74,819
Mondelez International Holdings Netherlands BV (Netherlands)
1.63%		10/28/19	^2,3		50,000		49,397
Tyson Foods, Inc.
(LIBOR USD 3-Month plus 0.45%)
3.10%		08/21/20	¹		50,000		49,640


							332,085

Health Care — 4.92%
Allergan Sales LLC
5.00%		12/15/21	²		40,000		41,192
Anthem, Inc.
2.25%		08/15/19			75,000		74,609
Bayer U.S. Finance II LLC
2.13%		07/15/19	²		35,000		34,730
Bayer U.S. Finance LLC
2.38%		10/08/19	²		35,000		34,805
Becton Dickinson and Co.
2.68%		12/15/19			50,000		49,708
Boston Scientific Corp.
6.00%		01/15/20			45,000		46,069


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Health Care (continued)
Centene Corp.
5.38%		06/01/26	²	$	5,000	$	4,895
5.63%		02/15/21			10,000		10,050
CHS/Community Health Systems, Inc.
8.63%		01/15/24	²		3,000		2,978
Cigna Corp.
(LIBOR USD 3-Month plus 0.65%)
3.44%		09/17/21	^1,2		100,000		98,626
CVS Health Corp.
(LIBOR USD 3-Month plus 0.72%)
3.49%		03/09/21	¹		32,000		31,752
Fresenius Medical Care U.S. Finance II, Inc.
5.63%		07/31/19	²		75,000		75,855
HCA, Inc.
5.00%		03/15/24			12,000		11,910
Hologic, Inc.
4.63%		02/01/28	²		2,000		1,813
Humana, Inc.
2.63%		10/01/19			50,000		49,757
Roche Holdings, Inc.
2.25%		09/30/19	²		75,000		74,612
Shire Acquisitions Investments Ireland DAC (Ireland)
1.90%		09/23/19	³		100,000		98,616
Tenet Healthcare Corp.
4.63%		07/15/24			10,000		9,338
Valeant Pharmaceuticals International
9.25%		04/01/26	²		5,000		5,014
Zimmer Biomet Holdings, Inc.
(LIBOR USD 3-Month plus 0.75%)
3.55%		03/19/21	¹		40,000		39,638


							795,967

Industrials — 3.05%
BAE Systems Holdings, Inc.
6.38%		06/01/19	²		90,000		91,107
Bemis Co., Inc.
6.80%		08/01/19			50,000		51,034
Berry Global, Inc.
5.13%		07/15/23			6,000		5,949
Clean Harbors, Inc.
5.13%		06/01/21			6,000		6,000
General Electric Co. (GMTN)
5.50%		01/08/20			50,000		50,600
General Electric Co. (MTN)
5.55%		05/04/20			45,000		45,729
(LIBOR USD 3-Month plus 0.38%)
2.96%		05/05/26	¹		30,000		24,970
(LIBOR USD 3-Month plus 0.48%)


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Industrials (continued)
3.10%		08/15/36	¹	$	75,000	$	51,753
Itron, Inc.
5.00%		01/15/26	²		6,000		5,505
United Technologies Corp.
(LIBOR USD 3-Month plus 0.65%)
3.28%		08/16/21	¹		75,000		74,746
WestRock RKT Co.
4.45%		03/01/19			85,000		85,142


							492,535

Information Technology — 0.76%
Analog Devices, Inc.
2.85%		03/12/20			40,000		39,871
Broadcom Corp./Broadcom Cayman Finance Ltd.
2.38%		01/15/20			55,000		54,325
Dell International LLC/EMC Corp.
3.48%		06/01/19	²		25,000		24,929
Zayo Group LLC/Zayo Capital, Inc.
5.75%		01/15/27	²		4,000		3,580


							122,705

Insurance — 0.18%
Allstate Corp. (The)
(LIBOR USD 3-Month plus 0.43%)
3.23%		03/29/21	¹		30,000		29,684

Materials — 0.31%
Georgia-Pacific LLC
2.54%		11/15/19	²		50,000		49,780

Real Estate Investment Trust (REIT) — 6.15%
Alexandria Real Estate Equities,Inc.
2.75%		01/15/20			65,000		64,508
American Campus Communities
Operating Partnership LP
3.35%		10/01/20			90,000		89,672
American Tower Corp.
3.40%		02/15/19			75,000		74,985
Boston Properties LP
5.63%		11/15/20			15,000		15,528
GLP Capital LP/GLP Financing II, Inc.
4.38%		04/15/21			45,000		44,929
4.88%		11/01/20			30,000		30,296
HCP, Inc.
2.63%		02/01/20			100,000		99,462
Healthcare Trust of America Holdings LP
3.38%		07/15/21			50,000		49,776
MGM Growth Properties Operating
Partnership LP/MGP Finance Co.-Issuer, Inc.
4.50%		01/15/28			6,000		5,280


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Real Estate Investment Trust (REIT) (continued)
SL Green Operating Partnership LP
(LIBOR USD 3-Month plus 0.98%)
3.61%		08/16/21	¹	$	100,000	$	99,610
UDR, Inc.
3.70%		10/01/20			100,000		100,427
Ventas Realty LP/Ventas Capital Corp.
2.70%		04/01/20			50,000		49,589
VEREIT Operating Partnership LP
3.00%		02/06/19			55,000		54,981
WEA Finance LLC/Westfield UK & Europe Finance PLC
2.70%		09/17/19	²		115,000		114,413
Welltower, Inc.
4.13%		04/01/19			75,000		75,038
6.13%		04/15/20			25,000		25,797


							994,291

Retail — 0.98%
Alimentation Couche-Tard, Inc. (Canada)
2.35%		12/13/19	^2,3		50,000		49,545
Dollar Tree, Inc.
(LIBOR USD 3-Month plus 0.70%)
3.15%		04/17/20	¹		55,000		54,659
Rite Aid Corp.
6.13%		04/01/23	²		12,000		9,525
Walgreens Boots Alliance, Inc.
2.70%		11/18/19			45,000		44,749


							158,478

Services — 0.03%
Matthews International Corp.
5.25%		12/01/25	²		6,000		5,595


Transportation — 0.70%
Continental Airlines Pass-Through Trust, Series 2000-1, Class A1
8.05%		11/01/20			53,608		55,678
Continental Airlines Pass-Through Trust, Series 2000-2, Class A1
7.71%		04/02/21			22,984		24,177
U.S. Airways Pass-Through Trust,
Series 2001-1, Class G
7.08%		03/20/21			31,547		32,926


							112,781


Total Corporates
(Cost $7,353,760)							7,308,141


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED — 16.32%**
Non-Agency Commercial Mortgage-Backed — 4.45%
Commercial Mortgage Trust, Series 2006-GG7, Class AM
5.67%		07/10/38	⁶	$	13,728	$	13,780
Commercial Mortgage Trust, Series 2012-CR4, Class XA (IO)
1.79%		10/15/45	⁶		374,243		20,061
Commercial Mortgage Trust, Series 2013-CR11, Class A1
1.47%		08/10/50			13,572		13,556
Commercial Mortgage Trust, Series 2013-CR7, Class XA (IO)
1.24%		03/10/46	⁶		614,659		24,211
DBUBS Mortgage Trust, Series 2011-LC1A, Class A2
4.53%		11/10/46	²		6,838		6,852
GRACE Mortgage Trust, Series 2014-GRCE, Class A
3.37%		06/10/28	²		40,000		40,053
GS Mortgage Securities Trust,Series 2010-C1, Class X (IO)
1.35%		08/10/43	^2,6		544,822		8,686
GS Mortgage Securities Trust, Series 2010-C2, Class A1
3.85%		12/10/43	²		12,057		12,134
GS Mortgage Securities Trust, Series 2013-GC12, Class XA (IO)
1.44%		06/10/46	⁶		978,530		45,669
JPMBB Commercial Mortgage Securities Trust, Series 2014-C19, Class XB (IO)
0.27%		04/15/47	^4,5,6		1,000,000		16,929
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2005-CIBC11, Class C
5.56%		08/12/37	⁶		100,000		99,877
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2015-JP1, Class XA (IO)
1.12%		01/15/49	^4,5,6		976,682		43,596
LB-UBS Commercial Mortgage Trust, Series 2006-C6, Class XCL (IO)
0.69%		09/15/39	^2,6		562,606		7,666
Morgan Stanley Capital I Trust,Series 2011-C3, Class A3
4.05%		07/15/49			105,323		105,610
UBS Commercial Mortgage Trust, Series 2018-C12, Class A1
3.29%		08/15/51			85,710		86,001
UBS-Barclays Commercial Mortgage Trust,Series 2012-C3, Class XB (IO)
0.20%		08/10/49	^2,4,5,6		3,000,000		25,695
Wells Fargo Commercial Mortgage Trust,Series 2015-P2, Class XA (IO)
1.01%		12/15/48	^4,5,6		982,526		46,915


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Commercial Mortgage-Backed (continued)
Wells Fargo Commercial Mortgage Trust, Series 2015-SG1, Class XA (IO)
0.75%		09/15/48	^4,5,6	$	1,367,902	$	50,362
WF-RBS Commercial Mortgage Trust, Series 2011-C2, Class XA (IO)
0.78%		02/15/44	^2,6		1,762,072		24,554
WF-RBS Commercial Mortgage Trust, Series 2011-C3, Class A3
4.00%		03/15/44	²		28,234		28,338


							720,545

Non-Agency Mortgage-Backed — 7.05%
Ameriquest Mortgage Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-R3, Class M2
(LIBOR USD 1-Month plus 0.71%)
3.21%		05/25/35	¹		20,199		20,209
Asset-Backed Funding Certificates, Series 2006-OPT1, Class A2
(LIBOR USD 1-Month plus 0.14%)
2.65%		09/25/36	¹		31,991		31,674
Banc of America Funding Trust, Series 2006-G, Class 2A4
(LIBOR USD 1-Month plus 0.29%)
2.76%		07/20/36	¹		69,453		69,193
BCAP LLC Trust, Series 2012-RR11, Class 2A3
2.43%		08/26/36	^2,6		17,583		17,614
BCAP LLC Trust, Series 2014-RR1, Class 3A3
(LIBOR USD 1-Month plus 0.16%)
2.48%		03/26/37	^1,2		46,985		46,769
Bear Stearns ALT-A Trust, Series 2004-11, Class 1A1
(LIBOR USD 1-Month plus 0.68%)
3.19%		11/25/34	¹		3,649		3,632
Citigroup Mortgage Loan Trust, Series 2006-HE1, Class M2
(LIBOR USD 1-Month plus 0.51%)
3.02%		01/25/36	¹		10,026		10,049
Countrywide Asset-Backed Certificates, Series 2007-13, Class 2A1
(LIBOR USD 1-Month plus 0.90%)
3.41%		10/25/47	¹		111,922		105,716
Countrywide Home Loan Mortgage Pass-Through Trust, Series 2005-9, Class 1A1
(LIBOR USD 1-Month plus 0.60%)
3.11%		05/25/35	¹		77,929		71,754
Credit Suisse First Boston Mortgage Securities Corp., Series 1997-2, Class A


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
7.50%		06/25/20	²	$	45	$	45
Credit-Based Asset Servicing and Securitization LLC, Series 2003-CB1,
Class AF (STEP-reset date 02/25/19)
3.95%		01/25/33			12,717		12,812
Credit-Based Asset Servicing and Securitization LLC, Series 2003-CB5,
Class M1
(LIBOR USD 1-Month plus 1.02%)
3.34%		11/25/33	¹		16,312		15,963
DSLA Mortgage Loan Trust, Series 2004-AR3, Class 2A2A
(LIBOR USD 1-Month plus 0.74%)
3.21%		07/19/44	¹		4,894		4,899
First Franklin Mortgage Loan Trust, Series 2006-FF4, Class A3
(LIBOR USD 1-Month plus 0.28%)
2.87%		03/25/36	¹		120,000		113,842
GMACM Mortgage Corp. Loan Trust,
Series 2006-AR1, Class 1A1
3.83%		04/19/36	⁶		86,124		76,722
HarborView Mortgage Loan Trust,
Series 2005-4, Class 2A
4.88%		07/19/35	⁶		1,374		1,208
HarborView Mortgage Loan Trust, Series 2005-9, Class 2A1A
(LIBOR USD 1-Month plus 0.34%)
2.81%		06/20/35	¹		23,058		22,736
HSI Asset Securitization Corp. Trust, 2006-OPT1, Class 2A4
(LIBOR USD 1-Month plus 0.30%)
2.81%		12/25/35	¹		78,172		77,368
IndyMac Index Mortgage Loan Trust, Series 2004-AR5, Class 2A1A
(LIBOR USD 1-Month plus 0.86%)
3.37%		08/25/34	¹		8,731		7,994
JPMorgan Mortgage Acquisition Trust, Series 2007-CH5, Class A4
(LIBOR USD 1-Month plus 0.16%)
2.67%		06/25/36	¹		32,108		31,867
Long Beach Mortgage Loan Trust, Series 2004-4, Class 1A1
(LIBOR USD 1-Month plus 0.56%)
3.07%		10/25/34	¹		100,360		95,993
Residential Asset Mortgage Products Trust,
Series 2004-SL1, Class A2
8.50%		11/25/31			4,097		672
Residential Asset Mortgage Products Trust, Series 2005-RZ3, Class M3
(LIBOR USD 1-Month plus 0.55%)
3.06%		09/25/35	¹		100,000		99,370


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Soundview Home Loan Trust, Series 2006-2, Class M1
(LIBOR USD 1-Month plus 0.33%)
2.84%		03/25/36	¹	$	57,555	$	57,426
Terwin NIMs Trust, Series 2004-13AL, Class 2PX (IO)
0.34%		08/25/34	^2,4,5		3,041,241		44,541
WaMu Mortgage Pass-Through Certificates, Series 2002-AR6, Class A
(Federal Reserve US 12-Month Cumulative Average plus 1.40%)
3.56%		06/25/42	¹		3,575		3,464
Wells Fargo Alternative Loan Trust, Series 2005-2, Class M1
(LIBOR USD 1-Month plus 0.45%)
2.96%		10/25/35	¹		68,140		68,117
Wells Fargo Mortgage-Backed Securities
Trust, Series 2003-I, Class A1
4.44%		09/25/33	⁶		21,709		21,799
Wells Fargo Mortgage-Backed Securities
Trust, Series 2004-I, Class 1A1
4.77%		07/25/34	⁶		5,981		5,987


							1,139,435

U.S. Agency Commercial
Mortgage-Backed — 2.83%
Fannie Mae-Aces, Series 2014-M2, Class ASV2
2.78%		06/25/21	⁶		15,237		15,197
Fannie Mae-Aces, Series 2015-M10, Class FA
(LIBOR USD 1-Month plus 0.25%)
2.55%		03/25/19	¹		39,118		39,055
Fannie Mae-Aces, Series 2016-M9, Class FA
(LIBOR USD 1-Month plus 0.59%)
2.89%		09/25/23	¹		19,092		19,140
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KF34, Class A
(LIBOR USD 1-Month plus 0.36%)
2.71%		08/25/24	¹		33,411		33,259
Freddie Mac Multifamily Structured Pass-Through Certificates, Series J15F, Class A1
2.36%		07/25/20			45,938		45,760
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KAIV, Class X2 (IO)
3.61%		06/25/41	⁶		250,000		19,974
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KF04, Class A


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Commercial Mortgage-Backed (continued)
(LIBOR USD 1-Month plus 0.31%)
2.66%		06/25/21	¹	$	20,790	$	20,762
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KF05, Class A
(LIBOR USD 1-Month plus 0.35%)
2.70%		09/25/21	¹		3,029		3,023
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KJ10, Class A1
2.12%		12/25/22			47,278		46,872
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KP03, Class A2
1.78%		07/25/19			193,275		192,470
Ginnie Mae, Series 2012-86, Class AF
3.89%		04/16/40			22,761		22,726


							458,238

U.S. Agency Mortgage-Backed — 1.99%
Fannie Mae Pool 471278
2.46%		05/01/19			93,628		93,433
Fannie Mae Pool 802665
(LIBOR USD 6-Month plus 1.74%)
4.36%		12/01/34	¹		812		823
Fannie Mae Pool 995916
5.01%		06/01/19			68,466		68,773
Fannie Mae Pool AD0166
4.79%		08/01/19			97,241		97,407
Fannie Mae Pool AL0851
6.00%		10/01/40			4,336		4,732
Fannie Mae REMICS, Series 1997-91, Class SL (IO)
LIBOR USD 1-Month
7.50%		11/25/23	¹		32,314		3,712
Fannie Mae REMICS, Series 2003-11, Class FA
(LIBOR USD 1-Month plus 1.00%)
3.51%		09/25/32	¹		8,504		8,668
Fannie Mae REMICS, Series 2008-47, Class PF
(LIBOR USD 1-Month plus 0.50%)
3.01%		06/25/38	¹		346		346
Fannie Mae REMICS, Series 2010-109, Class PF
(LIBOR USD 1-Month plus 0.40%)
2.91%		10/25/40	¹		7,570		7,597
Fannie Mae REMICS, Series G-36,
Class ZB
7.00%		11/25/21			215		219

Issues

Maturity
Date

Principal
Amount

Value

MORTGAGE-BACKED (continued)

U.S. Agency Mortgage-Backed (continued)

Freddie Mac REMICS, Series 2684, Class F

(LIBOR USD 1-Month plus 0.90%)

3.36%

01/15/33

8,243

8,375

Freddie Mac Strips, Series 263, Class F5

(LIBOR USD 1-Month plus 0.50%)

2.96%

06/15/42

27,178

27,371

321,456

Total Mortgage-Backed

(Cost $2,715,107)

2,639,674

U.S. TREASURY SECURITIES — 6.74%

U.S. Treasury Notes — 6.74%

U.S. Treasury Notes

2.75%

09/30/20

572,000

574,246

2.88%

10/15/21

510,000

515,459

1,089,705

Total U.S. Treasury Securities

(Cost $1,081,107)

1,089,705

Total Bonds – 76.98%

(Cost $12,559,534)

12,448,769

Issues

Shares

Value

MUTUAL FUNDS — 1.49%

Mutual Funds — 1.49%

SPDR S&P500 ETF Trust⁷

962

240,423

Total Mutual Funds

(Cost $255,009)

Issues

Maturity
Date

Principal
Amount/
Shares

Value

SHORT-TERM INVESTMENTS — 21.30%

Commercial Paper — 0.61%

Ford Motor Credit Co.

3.07%

04/04/19

100,000

99,128

Money Market Funds — 1.56%

Morgan Stanley Institutional Liquidity

Funds-Government Portfolio

2.30%⁸

253,000

U.S. Treasury Bills — 19.13%

U.S. Treasury Bills

2.35%⁹

02/12/19

219,000

218,399


Issues	Maturity Date		Principal Amount/ Shares		Value
SHORT-TERM INVESTMENTS (continued)
U.S. Treasury Bills (continued)
2.38%⁹		02/19/19	$	611,000	$	609,070
2.38%^9,10		03/28/19		820,000		815,419
2.44%⁹		04/18/19		690,000		685,147
U.S. Treasury Bills (WI)
2.43%⁹		04/11/19		770,000		764,923


						3,092,958


Total Short-Term Investments
(Cost $3,445,089)						3,445,086


Total Investments – 99.77%
(Cost $16,259,632)						16,134,278


Cash and Other Assets, Less
Liabilities – 0.23%						37,625

Net Assets – 100.00%					$	16,171,903

¹	Floating rate security. The rate disclosed was in effect at December 31, 2018.

²	Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

³	U.S. dollar-denominated security issued by foreign-domiciled entity.

⁴	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

⁵	Illiquid security as determined under procedures approved by the Board of Trustees. The aggregate value of illiquid securities is $234,837, which is 1.45% of total net assets.

⁶	Variable rate security. Interest rate disclosed is as of the most recent information available. 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.

⁷

SPDR S&P 500 ETF Trust (the “S&P 500 ETF”) is a unit investment trust created under the laws of the State of New York and registered under the Investment Company Act of 1940, as amended. The S&P 500 ETF was created to provide investors with the opportunity to purchase a security representing a proportionate undivided interest in a portfolio of securities consisting of substantially all of the component common stocks, in substantially the same weighting, which comprise the Standard & Poor’s 500 Index (the “S&P 500 Index”). Each unit of fractional undivided interest in the S&P 500 ETF is referred to as a “Unit”. The S&P 500 ETF seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. You can access the financial statements of this ETF by going to its homepage at (https://us.spdrs.com/en/etf/spdr-sp-500-etf-SPY).

⁸	Represents the current yield as of December 31, 2018.

⁹	Represents annualized yield at date of purchase.

¹⁰	Securities, or a portion thereof, pledged as collateral for futures. The total market value of collateral pledged is $815,482.

*	Securities with a call or reset feature will have an effective maturity date sooner than the stated maturity.

**	Securities backed by mortgage or consumer loans where payment is periodically made will have an effective maturity date sooner than the stated maturity date.


Issues	Maturity Date			Principal Amount		Value
BONDS – 98.98%
CORPORATES — 82.76%*
Banking — 8.38%
Bank of America Corp.
3.00%		12/20/23	¹	$	5,000	$	4,863
Bank of America Corp. (MTN)
3.97%		03/05/29	¹		20,000		19,516
4.27%		07/23/29	¹		15,000		14,993
Bank of New York Mellon Corp. (The) (MTN)
3.25%		09/11/24			5,000		4,915
Discover Bank
4.20%		08/08/23			10,000		10,013
JPMorgan Chase & Co.
4.01%		04/23/29	¹		20,000		19,890
4.02%		12/05/24	¹		15,000		15,129
4.20%		07/23/29	¹		15,000		14,972
Lloyds Banking Group PLC (United Kingdom)
2.91%		11/07/23	^1,2		10,000		9,465
Santander UK Group Holdings PLC (United Kingdom)
3.13%		01/08/21	²		10,000		9,819
State Street Corp.
3.78%		12/03/24	¹		5,000		5,020
Wells Fargo & Co.
3.07%		01/24/23			5,000		4,872
Wells Fargo & Co. (MTN)
2.63%		07/22/22			10,000		9,636
3.55%		09/29/25			10,000		9,724
3.58%		05/22/28	¹		20,000		19,210


							172,037

Communications — 8.22%
21st Century Fox America, Inc.
6.20%		12/15/34			8,000		9,753
AT&T, Inc.
4.35%		06/15/45			40,000		34,016
Charter Communications Operating LLC/Charter Communications Operating Capital
5.38%		05/01/47			15,000		13,609
Comcast Corp.
4.00%		11/01/49			15,000		13,475
4.70%		10/15/48			20,000		20,266
SES GLOBAL Americas Holdings GP
5.30%		03/25/44	³		10,000		8,647
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC
5.15%		03/20/28	³		10,000		9,850
Time Warner Cable LLC
5.50%		09/01/41			3,000		2,742
Verizon Communications, Inc.
3.85%		11/01/42			35,000		30,283


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Communications (continued)
Viacom, Inc.
3.88%		04/01/24		$	6,000	$	5,890
Vodafone Group PLC (United Kingdom)
4.38%		05/30/28	²		10,000		9,719
Warner Media LLC
3.88%		01/15/26			11,000		10,522


							168,772

Consumer Discretionary — 2.90%
Altria Group, Inc.
5.38%		01/31/44			5,000		4,689
Anheuser-Busch InBev Worldwide, Inc.
4.60%		04/15/48			20,000		17,948
Bacardi Ltd. (Bermuda)
4.70%		05/15/28	^2,3		8,000		7,702
BAT Capital Corp.
2.76%		08/15/22			5,000		4,727
Constellation Brands, Inc. (LIBOR USD 3-Month plus 0.70%)
3.21%		11/15/21	⁴		10,000		9,884
Pernod Ricard SA (France)
4.45%		01/15/22	^2,3		5,000		5,123
Reynolds American, Inc.
4.45%		06/12/25			5,000		4,828
5.85%		08/15/45			5,000		4,660


							59,561

Consumer Products — 0.24%
Newell Brands, Inc.
3.85%		04/01/23			5,000		4,872


Electric — 9.95%
Appalachian Power Co.
4.45%		06/01/45			10,000		9,884
Consolidated Edison Co. of New York, Inc.
3.88%		06/15/47			10,000		9,313
Duke Energy Carolinas LLC
3.75%		06/01/45			40,000		36,601
Duquesne Light Holdings, Inc.
5.90%		12/01/21	³		2,000		2,117
6.40%		09/15/20	³		8,000		8,338
Florida Power & Light Co.
4.13%		02/01/42			15,000		15,143
ITC Holdings Corp.
4.05%		07/01/23			10,000		10,173
Kansas City Power & Light Co.
3.15%		03/15/23			5,000		4,951
MidAmerican Energy Co.
4.25%		05/01/46			10,000		10,180


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Electric (continued)
Northern States Power Co./MN
4.13%		05/15/44			$10,000	$	10,118
PacifiCorp.
4.13%		01/15/49			30,000		29,598
PNM Resources, Inc.
3.25%		03/09/21			10,000		9,910
Public Service Co. of New Mexico
3.85%		08/01/25			5,000		4,941
South Carolina Electric & Gas Co.
4.25%		08/15/28			5,000		5,194
Southern Co. Gas Capital Corp.
2.45%		10/01/23			10,000		9,375
Tucson Electric Power Co.
3.85%		03/15/23			10,000		10,059
Virginia Electric & Power Co., Series B
3.80%		09/15/47			20,000		18,533


							204,428

Energy — 9.01%
Enbridge Energy Partners LP
5.50%		09/15/40			10,000		10,371
Energy Transfer Operating LP
4.95%		06/15/28			15,000		14,704
EQM Midstream Partners LP
6.50%		07/15/48			8,000		7,921
EQT Corp.
3.90%		10/01/27			5,000		4,318
Hess Corp.
4.30%		04/01/27			18,000		16,522
KeySpan Gas East Corp.
5.82%		04/01/41	³		15,000		17,986
Kinder Morgan Energy Partners LP (MTN)
6.95%		01/15/38			15,000		17,086
Plains All American Pipeline LP/PAA Finance Corp.
4.65%		10/15/25			10,000		9,829
Rockies Express Pipeline LLC
5.63%		04/15/20	³		6,000		6,030
Ruby Pipeline LLC
6.00%		04/01/22	³		8,409		8,646
Sabine Pass Liquefaction LLC
4.20%		03/15/28			3,000		2,857
5.75%		05/15/24			10,000		10,412
TC PipeLines LP
3.90%		05/25/27			15,000		14,239
Texas Eastern Transmission LP
2.80%		10/15/22	³		10,000		9,628
TransCanada PipeLines Ltd. (Canada)
5.00%		10/16/43	²		15,000		14,736


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Energy (continued)
Williams Cos., Inc. (The)
3.70%		01/15/23			$12,000	$	11,721
4.55%		06/24/24			8,000		8,080


							185,086

Finance — 9.91%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland)
3.88%		01/23/28	²		14,000		12,267
Air Lease Corp.
3.63%		12/01/27			14,000		12,390
Citigroup, Inc.
2.88%		07/24/23	¹		5,000		4,844
3.14%		01/24/23	¹		10,000		9,830
3.67%		07/24/28	¹		20,000		19,026
Ford Motor Credit Co. LLC
5.88%		08/02/21			20,000		20,524
GE Capital International Funding Co. (Ireland)
4.42%		11/15/35	²		14,000		11,759
General Motors Financial Co., Inc.
3.55%		04/09/21			20,000		19,735
Goldman Sachs Group, Inc. (The)
2.88%		10/31/22	¹		10,000		9,706
3.50%		11/16/26			5,000		4,623
4.22%		05/01/29	¹		20,000		19,306
Morgan Stanley (GMTN)
3.70%		10/23/24			5,000		4,923
3.77%		01/24/29	¹		20,000		19,157
Morgan Stanley, Series F
3.88%		04/29/24			10,000		9,959
Nationwide Building Society (United Kingdom)
3.77%		03/08/24	^1,2,3		5,000		4,817
Pipeline Funding Co. LLC
7.50%		01/15/30	³		9,488		11,202
Raymond James Financial, Inc.
3.63%		09/15/26			10,000		9,439


							203,507

Food — 1.42%
Campbell Soup Co.
(LIBOR USD 3-Month plus 0.50%)
3.29%		03/16/20	⁴		10,000		9,913
Conagra Brands, Inc.
4.60%		11/01/25			6,000		6,028
Kraft Heinz Foods Co.
4.38%		06/01/46			10,000		8,324
Tyson Foods, Inc.
3.90%		09/28/23			5,000		4,998


							29,263


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Health Care — 11.71%
AbbVie, Inc.
4.40%		11/06/42			$20,000	$	17,616
Allergan Funding SCS (Luxembourg)
4.55%		03/15/35	²		10,000		9,513
Amgen, Inc.
4.40%		05/01/45			15,000		14,081
Anthem, Inc.
4.38%		12/01/47			10,000		9,337
AstraZeneca PLC (United Kingdom)
3.38%		11/16/25	²		10,000		9,671
Barnabas Health, Inc.
4.00%		07/01/28			5,000		5,040
Bayer U.S. Finance II LLC
4.38%		12/15/28	³		10,000		9,535
Becton Dickinson and Co.
2.89%		06/06/22			10,000		9,722
Celgene Corp.
3.90%		02/20/28			13,000		12,217
Cigna Corp.
4.38%		10/15/28	³		5,000		5,038
4.90%		12/15/48	³		15,000		14,733
CVS Health Corp.
4.00%		12/05/23			22,000		22,120
4.30%		03/25/28			5,000		4,897
5.05%		03/25/48			5,000		4,881
Elanco Animal Health, Inc.
4.90%		08/28/28	³		10,000		10,195
Fresenius Medical Care U.S. Finance II, Inc.
5.63%		07/31/19	³		5,000		5,057
Fresenius U.S. Finance II, Inc.
4.25%		02/01/21	³		5,000		5,011
Gilead Sciences, Inc.
3.70%		04/01/24			10,000		9,990
Humana, Inc.
2.63%		10/01/19			5,000		4,976
Kaiser Foundation Hospitals
3.15%		05/01/27			10,000		9,624
Pfizer, Inc.
4.10%		09/15/38			10,000		10,041
Providence St. Joseph Health Obligated Group, Series H
2.75%		10/01/26			10,000		9,316
Shire Acquisitions Investments Ireland DAC (Ireland)
3.20%		09/23/26	²		10,000		9,054
UnitedHealth Group, Inc.
4.25%		04/15/47			15,000		14,906
WellCare Health Plans, Inc.
5.38%		08/15/26	³		4,000		3,880


							240,451


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Industrials — 3.47%
Amcor Finance USA, Inc.
3.63%		04/28/26	³		$10,000	$	9,449
BAE Systems Holdings, Inc.
2.85%		12/15/20	³		5,000		4,936
6.38%		06/01/19	³		5,000		5,061
General Electric Co. (MTN)
4.65%		10/17/21			5,000		5,020
5.55%		05/04/20			5,000		5,081
5.55%		01/05/26			5,000		4,967
Ingersoll-Rand Luxembourg Finance SA (Luxembourg)
3.55%		11/01/24	²		5,000		4,961
L3 Technologies, Inc.
3.85%		06/15/23			10,000		10,051
Sydney Airport Finance Co. Pty Ltd. (Australia)
3.63%		04/28/26	^2,3		5,000		4,743
United Technologies Corp.
4.13%		11/16/28			12,000		11,912
Westrock Co.
4.90%		03/15/29	³		5,000		5,116


							71,297

Information Technology — 0.97%
Broadcom Corp./Broadcom Cayman Finance Ltd.
2.38%		01/15/20			10,000		9,877
Dell International LLC/EMC Corp.
3.48%		06/01/19	³		10,000		9,971


							19,848

Insurance — 4.24%
Berkshire Hathaway Finance Corp.
4.20%		08/15/48			20,000		19,930
Farmers Insurance Exchange
4.75%		11/01/57	^1,3		20,000		17,726
Nationwide Mutual Insurance Co.
5.08%		12/15/24	^1,3		10,000		9,950
New York Life Global Funding
3.00%		01/10/28	³		10,000		9,494
Teachers Insurance & Annuity Association of America
4.38%		09/15/54	^1,3		20,000		20,255
Travelers Cos., Inc. (The)
4.05%		03/07/48			10,000		9,652


							87,007


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Materials — 0.25%
International Flavors & Fragrances, Inc.
4.45%		09/26/28		$	5,000	$	5,083

Real Estate Investment Trust (REIT) — 7.97%
Alexandria Real Estate Equities, Inc.
4.50%		07/30/29			6,000		6,007
American Campus Communities Operating Partnership LP
3.35%		10/01/20			5,000		4,982
3.63%		11/15/27			5,000		4,702
AvalonBay Communities, Inc. (GMTN)
3.95%		01/15/21			10,000		10,123
CC Holdings GS V LLC/Crown Castle GS III Corp.
3.85%		04/15/23			10,000		9,907
Digital Realty Trust LP
3.63%		10/01/22			5,000		4,957
GLP Capital LP/GLP Financing II, Inc.
4.38%		04/15/21			5,000		4,992
HCP, Inc.
3.88%		08/15/24			10,000		9,836
Healthcare Realty Trust, Inc.
3.75%		04/15/23			5,000		4,928
Healthcare Trust of America Holdings LP
3.70%		04/15/23			5,000		4,928
Highwoods Realty LP
3.20%		06/15/21			5,000		4,951
Host Hotels & Resorts LP
5.25%		03/15/22			5,000		5,177
6.00%		10/01/21			5,000		5,251
Kilroy Realty LP
3.45%		12/15/24			10,000		9,662
Liberty Property LP
3.38%		06/15/23			10,000		9,860
National Retail Properties, Inc.
3.80%		10/15/22			5,000		5,014
Realty Income Corp.
3.25%		10/15/22			10,000		9,911
SL Green Realty Corp.
4.50%		12/01/22			8,000		8,103
UDR, Inc. (MTN)
4.63%		01/10/22			5,000		5,136
Ventas Realty LP
4.13%		01/15/26			10,000		9,932
VEREIT Operating Partnership LP
4.13%		06/01/21			5,000		5,049
WEA Finance LLC/Westfield UK & Europe Finance PLC
3.25%		10/05/20	³		10,000		9,991


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Real Estate Investment Trust (REIT) (continued)
Welltower, Inc.
5.25%		01/15/22		$	10,000	$	10,402


							163,801

Retail — 1.19%
Family Dollar Stores, Inc.
5.00%		02/01/21			5,000		5,134
Home Depot, Inc. (The)
3.90%		12/06/28			5,000		5,114
Starbucks Corp.
3.80%		08/15/25			5,000		4,952
Walgreens Boots Alliance, Inc.
4.80%		11/18/44			10,000		9,227


							24,427

Services — 0.48%
IHS Markit Ltd. (Bermuda)
4.75%		08/01/28	²		5,000		4,902
5.00%		11/01/22	^2,3		5,000		5,075


							9,977

Transportation — 2.45%
Burlington Northern Santa Fe LLC
4.40%		03/15/42			8,000		8,072
U.S. Airways Pass-Through Trust, Series 2011-1, Class A
7.13%		10/22/23			30,631		33,457
United Airlines Pass-Through Trust, Series 2016-2, Class AA
2.88%		10/07/28			9,471		8,773


							50,302


Total Corporates
(Cost $1,716,148)							1,699,719


MORTGAGE-BACKED — 15.42%**
Non-Agency Commercial
Mortgage-Backed — 8.95%
Commercial Mortgage Pass-Through Certificates, Series 2014-CR14, Class XA (IO)
0.65%		02/10/47	¹		1,554,791		40,822
Commercial Mortgage Trust, Series 2012-CR5, Class XA (IO)
1.55%		12/10/45	¹		428,914		21,524
Commercial Mortgage Trust, Series 2014-CR18, Class XA (IO)
1.15%		07/15/47	¹		158,189		5,755
Commercial Mortgage Trust, Series 2014-UBS5, Class XA (IO)
1.02%		09/10/47	^1,5,6		802,443		26,726


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Commercial Mortgage-Backed (continued)
Commercial Mortgage Trust, Series 2014-UBS6, Class XA (IO)
0.95%		12/10/47	¹	$	528,539	$	21,049
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2011-C3, Class XA (IO)
0.94%		02/15/46	^1,3		231,207		4,010
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2012-C5, Class XA (IO)
1.47%		08/15/45	^1,3		261,816		10,766
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2012-C6, Class XA (IO)
1.62%		11/15/45	^1,3,5,6		165,262		8,160
UBS-Barclays Commercial Mortgage Trust, Series 2012-C3, Class XB (IO)
0.20%		08/10/49	^1,3,5,6		2,200,000		18,843
Wells Fargo Commercial Mortgage Trust, Series 2015-C26, Class XA (IO)
1.23%		02/15/48	¹		455,750		26,119


							183,774

U.S. Agency Commercial
Mortgage-Backed — 1.14%
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K712,Class X1 (IO)
1.33%		11/25/19	¹		3,172,856		23,527

U.S. Agency Mortgage-Backed — 5.33%
Fannie Mae REMICS, Series 2012-128, Class UA
2.50%		06/25/42			44,031		40,815
Freddie Mac REMICS, Series 4638, Class UF (LIBOR USD 1-Month plus 1.00%)
3.52%		09/15/44	⁴		68,220		68,613


							109,428


Total Mortgage-Backed
(Cost $314,580)							316,729

MUNICIPAL BONDS — 0.80%*
California — 0.56%
Los Angeles Department of Water & Power,Build America Bonds, Series SY
6.01%		07/01/39			5,000		6,080
University of California, Taxable Revenue Bonds, Series AJ
4.60%		05/15/31			5,000		5,377


							11,457

Issues

Maturity
Date

Principal
Amount

Value

MUNICIPAL BONDS (continued)

New York — 0.24%

New York City Transitional Finance Authority Future Tax Secured Revenue

3.73%

08/01/29

$5,000

$ 5,035

Total Municipal Bonds

(Cost $16,390)

16,492

Total Bonds – 98.98%

(Cost $2,047,118)

2,032,940

SHORT-TERM INVESTMENTS — 0.48%

U.S. Treasury Bills — 0.48%

U.S. Treasury Bills

2.38%⁷

03/28/19

⁸

$10,000

9,944

Total Short-Term Investments

(Cost $9,944)

9,944

Total Investments – 99.46%

(Cost $2,057,062)

2,042,884

Cash and Other Assets, Less

Liabilities – 0.54%

11,005

Net Assets – 100.00%

2,053,889

¹	Variable rate security. Interest rate disclosed is as of the most recent information available. 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.

²	U.S. dollar-denominated security issued by foreign-domiciled entity.

³	Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

⁴	Floating rate security. The rate disclosed was in effect at December 31, 2018.

⁵	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

⁶	Illiquid security as determined under procedures approved by the Board of Trustees. The aggregate value of illiquid securities is $53,729, which is 2.62% of total net assets.

⁷	Represents annualized yield at date of purchase.

⁸	Securities, or a portion thereof, pledged as collateral for futures. The total market value of collateral pledged is $9,944.

*	Securities with a call or reset feature will have an effective maturity date sooner than the stated maturity.

**	Securities backed by mortgage or consumer loans where payment is periodically made will have an effective maturity date sooner than the stated maturity date.


Issues	Maturity Date			Principal Amount		Value
BONDS – 49.86%
ASSET-BACKED SECURITIES — 8.05%*
Education Loan Asset-Backed Trust I, Series 2013-1, Class A2 (LIBOR USD 1-Month plus 0.80%)
3.31%		04/26/32	^1,2		$50,000	$	50,263
J.G. Wentworth XXIV LLC,
Series 2011-2A, Class A
4.94%		09/15/56	²		40,785		44,053
J.G. Wentworth XXX LLC, Series 2013-3A, Class A
4.08%		01/17/73	²		14,309		14,660
Nelnet Student Loan Trust, Series 2014-4A, Class A2
(LIBOR USD 1-Month plus 0.95%)
3.46%		11/25/48	^1,2		60,000		60,421
SLC Student Loan Trust, Series 2006-1, Class A6
(LIBOR USD 3-Month plus 0.16%)
2.95%		03/15/55	¹		40,000		38,003
Wachovia Student Loan Trust, Series 2006-1, Class A6
(LIBOR USD 3-Month plus 0.17%)
2.66%		04/25/40	^1,2		40,000		39,016


Total Asset-Backed Securities
(Cost $237,019)							246,416


CORPORATES — 16.51%**
Banking — 3.56%
Bank of America Corp.
3.00%		12/20/23	³		15,000		14,588
Bank of New York Mellon Corp. (The) (MTN)
3.25%		09/11/24			5,000		4,915
JPMorgan Chase & Co.
(LIBOR USD 3-Month plus 1.00%)
3.44%		01/15/23	¹		40,000		39,645
Lloyds Bank PLC (United Kingdom) (MTN)
5.80%		01/13/20	^2,4		5,000		5,119
Santander UK Group Holdings PLC (United Kingdom)
4.80%		11/15/24	^3,4		15,000		14,910
Wells Fargo & Co.
(LIBOR USD 3-Month plus 1.23%)
3.76%		10/31/23	¹		30,000		29,913


							109,090


Communications — 0.74%
Charter Communications Operating
LLC/Charter Communications Operating Capital
4.50%		02/01/24			10,000		9,992
Viacom, Inc.
3.88%		04/01/24			8,000		7,853


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Communications (continued)
Vodafone Group PLC (United Kingdom)
4.38%		05/30/28	⁴	$	5,000	$	4,860


							22,705


Consumer Discretionary — 0.80%
Bacardi Ltd. (Bermuda)
4.70%		05/15/28	^2,4		5,000		4,814
Constellation Brands, Inc.
(LIBOR USD 3-Month plus 0.70%)
3.21%		11/15/21	¹		10,000		9,884
Reynolds American, Inc.
4.45%		06/12/25			10,000		9,656


							24,354


Electric — 0.26%
Eversource Energy, Series O
4.25%		04/01/29			8,000		8,076


Energy — 1.74%
Energy Transfer Operating LP
4.75%		01/15/26			10,000		9,603
Kinder Morgan Energy Partners LP
3.50%		09/01/23			8,000		7,819
Plains All American Pipeline LP/PAA
Finance Corp.
4.65%		10/15/25			8,000		7,864
Range Resources Corp.
5.00%		03/15/23			3,000		2,651
Sabine Pass Liquefaction LLC
5.75%		05/15/24			5,000		5,206
Spectra Energy Partners LP
4.75%		03/15/24			10,000		10,256
Williams Cos., Inc. (The)
4.30%		03/04/24			10,000		9,977


							53,376


Finance — 3.98%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland)
4.50%		05/15/21	⁴		10,000		10,050
BMW U.S. Capital LLC
(LIBOR USD 3-Month plus 0.38%)
3.18%		04/06/20	^1,2		10,000		9,950
Citigroup, Inc.
(LIBOR USD 3-Month plus 0.95%)
3.44%		07/24/23	¹		30,000		29,311
Ford Motor Credit Co. LLC
4.25%		09/20/22			30,000		28,857


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Finance (continued)
Goldman Sachs Group, Inc. (The)
2.91%		07/24/23	³	$	5,000	$	4,769
4.22%		05/01/29	³		10,000		9,653
(LIBOR USD 3-Month plus 1.11%)
3.62%		04/26/22	¹		20,000		19,784
Nationwide Building Society (United Kingdom)
3.77%		03/08/24	^2,3,4		10,000		9,633


							122,007


Food — 0.55%
Conagra Brands, Inc.
(LIBOR USD 3-Month plus 0.50%)
3.30%		10/09/20	¹		10,000		9,890
Kraft Heinz Foods Co.
4.00%		06/15/23			7,000		7,011


							16,901


Health Care — 2.01%
Aetna, Inc.
3.50%		11/15/24			10,000		9,631
Allergan Funding SCS (Luxembourg)
3.85%		06/15/24	⁴		10,000		9,875
Bausch Health Cos., Inc. (Canada)
5.50%		11/01/25	^2,4		3,000		2,809
Bayer U.S. Finance II LLC
(LIBOR USD 3-Month plus 1.01%)
3.80%		12/15/23	^1,2		10,000		9,573
Becton Dickinson and Co.
3.73%		12/15/24			10,000		9,673
CVS Health Corp.
(LIBOR USD 3-Month plus 0.72%)
3.49%		03/09/21	¹		10,000		9,922
Fresenius Medical Care U.S. Finance II, Inc.
4.13%		10/15/20	²		10,000		10,071


							61,554


Industrials — 0.50%
General Electric Co. (MTN)
(LIBOR USD 3-Month plus 0.48%)
3.10%		08/15/36	¹		22,000		15,181


Real Estate Investment Trust (REIT) — 1.45%
Boston Properties LP
2.75%		10/01/26			10,000		9,048
Digital Realty Trust LP
3.63%		10/01/22			10,000		9,914
HCP, Inc.
3.15%		08/01/22			10,000		9,753


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Real Estate Investment Trust (REIT) (continued)
Welltower, Inc.
5.25%		01/15/22		$	15,000	$	15,603


							44,318


Retail — 0.21%
Rite Aid Corp.
6.13%		04/01/23	²		8,000		6,350


Transportation — 0.71%
Continental Airlines Pass-Through Trust, Series 2000-1, Class A1
8.05%		11/01/20			17,869		18,559
Continental Airlines Pass-Through Trust, Series 2001-1, Class A1
6.70%		06/15/21			3,003		3,154


							21,713


Total Corporates
(Cost $504,720)							505,625


MORTGAGE-BACKED — 25.30%*
Non-Agency Commercial
Mortgage-Backed — 16.94%
BANK, Series 2017-BNK8, Class XA (IO)
0.75%		11/15/50	³		497,970		26,198
BBCMS Mortgage Trust, Series 2017-C1, Class XA (IO)
1.51%		02/15/50	³		395,307		35,744
BBCMS Trust, Series 2015-SRCH, Class A2
4.20%		08/10/35	²		50,000		51,294
CD Mortgage Trust, Series 2016-CD1, Class A3
2.46%		08/10/49			40,000		37,362
Commercial Mortgage Trust, Series 2012-CR4, Class XA (IO)
1.79%		10/15/45	³		246,754		13,227
Commercial Mortgage Trust, Series 2013-CR12, Class XA (IO)
1.18%		10/10/46	³		753,338		33,062
Commercial Mortgage Trust, Series 2013-CR7, Class XA (IO)
1.24%		03/10/46	³		826,847		32,569
Commercial Mortgage Trust, Series 2015-LC23, Class A4
3.77%		10/10/48			31,000		31,516
CSAIL Commercial Mortgage Trust, Series 2016-C6, Class XA (IO)
1.80%		01/15/49	³		295,293		26,189
CSAIL Commercial Mortgage Trust, Series 2016-C7, Class A5
3.50%		11/15/49			30,000		29,673


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Commercial Mortgage-Backed (continued)
JPMCC Commercial Mortgage Securities Trust, Series 2017-JP7, Class A3
3.38%		09/15/50		$	50,000	$	49,688
JPMDB Commercial Mortgage Securities Trust, Series 2016-C2, Class XA (IO)
1.69%		06/15/49	³		342,379		25,416
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C18, Class XA (IO)
0.90%		10/15/47	³		186,243		3,951
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C20, Class A4
3.25%		02/15/48			28,000		27,645
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C21, Class XA (IO)
0.94%		03/15/48	³		771,683		32,661
UBS Commercial Mortgage Trust, Series 2017-C7, Class A4 (IO)
3.68%		12/15/50			12,000		11,933
Wells Fargo Commercial Mortgage Trust, Series 2015-NXS1, Class XA (IO)
1.15%		05/15/48	³		738,285		34,132
WF-RBS Commercial Mortgage Trust, Series 2011-C2, Class XA (IO)
0.78%		02/15/44	^2,3		1,176,183		16,390


							518,650


Non-Agency Mortgage-Backed — 4.55%
American Home Mortgage Investment Trust, Series 2006-1, Class 11A1
(LIBOR USD 1-Month plus 0.28%)
2.79%		03/25/46	¹		28,407		25,988
First Franklin Mortgage Loan Trust, Series 2005-FF12, Class M1
(LIBOR USD 1-Month plus 0.45%)
2.96%		11/25/36	¹		30,000		30,009
GSR Mortgage Loan Trust, Series 2005-AR6, Class 2A1
4.30%		09/25/35	³		12,784		13,035
Mill City Mortgage Trust, Series 2015-2, Class A1 (Cayman Islands)
3.00%		09/25/57	^2,3,4		415		414
Nomura Resecuritization Trust, Series 2015-5R, Class 4A1
(LIBOR USD 1-Month plus 0.14%)
4.67%		07/26/37	^1,2		27,782		27,887
Residential Accredit Loans Trust, Series 2005-QA10, Class A31
4.75%		09/25/35	³		13,434		11,372


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Wells Fargo Mortgage-Backed Securities Trust, Series 2006-AR4, Class 2A1
4.21%		04/25/36	³	$	31,284	$	30,542

							139,247


U.S. Agency Commercial
Mortgage-Backed — 0.98%
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K006, Class AX1 (IO)
0.94%		01/25/20	³		4,207,834		29,971


U.S. Agency Mortgage-Backed — 2.83%
Fannie Mae Pool AM8692
3.03%		04/01/30			40,000		38,277
Fannie Mae REMICS, Series 2005-56, Class SP
(LIBOR USD 1-Month plus 42.30%)
6.00%		08/25/33	¹		15,983		16,584
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K710, Class X1 (IO)
1.73%		05/25/19	³		4,891,158		11,881
Ginnie Mae, Series 2012-73, Class NK (IO)
3.00%		08/20/40			20,026		19,986


							86,728


Total Mortgage-Backed
(Cost $752,952)							774,596


Total Bonds – 49.86%
(Cost $1,494,691)							1,526,637


Issues	Maturity Date			Principal Amount/ Shares		Value
SHORT-TERM INVESTMENTS — 47.34%
Money Market Funds — 3.86%
Dreyfus Government Cash
Management Fund
2.20%⁵					118,000		118,000


Issues	Maturity Date		Principal Amount/ Shares		Value
SHORT-TERM INVESTMENTS (continued)
U.S. Treasury Bills — 43.48%
U.S. Treasury Bills
2.38%⁶		02/19/19	$	140,000	$	139,558
2.41%⁶		04/04/19		300,000		298,144
2.44%⁶		04/18/19		300,000		297,890
2.45%⁶		04/25/19		300,000		297,739
U.S. Treasury Bills (WI)
2.44%⁶		04/11/19		300,000		298,022


						1,331,353


Total Short-Term Investments
(Cost $1,449,296)						1,449,353


Total Investments – 97.20%
(Cost $2,943,987)						2,975,990


Cash and Other Assets, Less
Liabilities – 2.80%						85,719


Net Assets – 100.00%					$	3,061,709

¹	Floating rate security. The rate disclosed was in effect at December 31, 2018.

²	Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

³	Variable rate security. Interest rate disclosed is as of the most recent information available. 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.

⁴	U.S. dollar-denominated security issued by foreign-domiciled entity.

⁵	Represents the current yield as of December 31, 2018.

⁶	Represents annualized yield at date of purchase.

*	Securities backed by mortgage or consumer loans where payment is periodically made will have an effective maturity date sooner than the stated maturity date.

**	Securities with a call or reset feature will have an effective maturity date sooner than the stated maturity.

Note: For Fund compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications for more meaningful presentation for investors.

(IO): Interest only

(LIBOR): London InterBank Offer Rate

(MTN): Medium-term note

(USD): U.S. dollar

(WI): When issued


Issues	Maturity Date			Principal Amount		Value
BONDS – 94.44%
BANK LOANS — 90.03%*
Automotive — 0.12%
Tenneco, Inc., Term Loan B
(LIBOR plus 2.75%)
5.27%		06/18/25	¹	$	350,000	$	330,138

Communications — 13.10%
Altice Financing SA, Term Loan
(LIBOR plus 2.75%)
5.22%		01/31/26	¹		990,000		916,988
AP NMT Acquisition BV, Term Loan B, 1st Lien
(LIBOR plus 5.75%)
8.15%		08/13/21	¹		312,558		301,306
Beasley Mezzanine Holdings LLC, Term Loan
(LIBOR plus 4.00%)
6.47%		11/01/23	¹		482,530		476,901
CBS Radio, Inc., Term Loan B1
(LIBOR plus 2.75%)
5.26%		11/18/24	¹		728,402		687,885
CenturyLink, Inc., Term Loan B
(LIBOR plus 2.75%)
5.27%		01/31/25	¹		1,488,741		1,394,206
Charter Communications Operating LLC, Term Loan B
(LIBOR plus 2.00%)
4.53%		04/30/25	¹		1,980,000		1,904,522
Coral U.S. Co-Borrower LLC., Term Loan B4
(LIBOR plus 3.25%)
5.77%		02/02/26	¹		500,000		484,285
CSC Holdings LLC, Term Loan
(LIBOR plus 2.25%)
4.75%		01/15/26	¹		1,000,000		950,000
CSC Holdings LLC, Term Loan B, 1st Lien
(LIBOR plus 2.25%)
4.71%		07/17/25	¹		617,139		587,517
Dawn Acquisition LLC, Term Loan
(LIBOR plus 3.75%)
6.55%		10/27/25	¹		1,500,000		1,417,500
Go Wireless, Inc., Term Loan, 2nd Lien
(LIBOR plus 6.50%)
9.02%		12/22/24	¹		712,500		693,202
Gray Television, Inc., Term Loan C
(LIBOR plus 2.50%)
5.02%		11/02/25	¹		400,000		387,644
GTT Communications, Inc., Term Loan
(LIBOR plus 2.75%)
5.27%		05/31/25	¹		1,493,747		1,409,104
Intelsat Jackson Holdings SA, Term Loan B5 (Luxembourg)


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Communications (continued)
6.63%		01/02/24	²	$	500,000	$	494,250
Lamar Media Corp., Term Loan B
(LIBOR plus 1.75%)
4.31%		03/14/25	¹		1,439,125		1,404,341
LSF9 Atlantis Holdings LLC,Term Loan
(LIBOR plus 6.00%)
8.38%		05/01/23	¹		721,875		689,091
Maxar Technologies Ltd.,Term Loan B
(LIBOR plus 2.75%)
5.15%		10/04/24	¹		1,337,513		1,233,855
Merrill Communications LLC, Term Loan
(LIBOR plus 5.25%)
7.78%		06/01/22	¹		196,044		196,044
Mission Broadcasting, Inc., Term Loan B3
(LIBOR plus 2.25%)
4.76%		01/17/24	¹		68,954		65,472
Nep Group, Inc., Term Loan, 1st Lien
(LIBOR plus 3.25%)
5.77%		10/19/25	¹		1,750,000		1,685,478
Nep Group, Inc., Term Loan, 2nd Lien
(LIBOR plus 7.00%)
9.52%		10/19/26	¹		440,000		415,800
Nexstar Broadcasting, Inc. Term Loan B3
(LIBOR plus 2.25%)
4.76%		01/17/24	¹		397,856		377,764
Numericable U.S. LLC, Term Loan B13, (France)
(LIBOR plus 4.00%)
6.46%		08/14/26	^1,2		500,000		473,645
Radiate Holdco LLC,Term Loan
(LIBOR plus 3.00%)
5.52%		02/01/24	¹		1,488,655		1,408,990
Research Now Group, Inc., Term Loan, 1st Lien
(LIBOR plus 5.50%)
8.02%		12/20/24	¹		495,000		486,956
SBA Senior Finance II LLC, Term Loan
(LIBOR plus 2.00%)
4.53%		04/11/25	¹		2,014,875		1,937,433
Sinclair Television Group, Inc., Term Loan B
(LIBOR plus 2.25%)
4.78%		01/03/24	¹		1,950,231		1,856,376
Sprint Communications, Inc., Term Loan
(LIBOR plus 2.50%)
5.06%		02/02/24	¹		2,982,310		2,845,630
Tribune Media Co., Term Loan B


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Communications (continued)
(LIBOR plus 3.00%)
5.52%		12/27/20	¹	$	41,215	$	41,035
Tribune Media Co., Term Loan C
(LIBOR plus 3.00%)
5.52%		01/27/24	¹		513,695		505,605
Unitymedia Finance LLC, Term Loan D, 1st Lien
(LIBOR plus 2.25%)
4.71%		01/15/26	¹		2,000,000		1,936,660
Unitymedia Hessen GMBH & Co., Term Loan B (Germany)
(LIBOR plus 2.25%)
4.76%		09/30/25	^1,2		500,000		484,500
Univision Communications, Inc., Term Loan
(LIBOR plus 2.75%)
5.27%		03/15/24	¹		1,059,305		963,968
UPC Financing Partnership, Term Loan AR
(LIBOR plus 2.50%)
4.96%		01/15/26	¹		1,999,367		1,907,896
WideOpenWest Finance LLC, Term Loan B
(LIBOR plus 3.25%)
5.72%		08/18/23	¹		933,918		867,377
Windstream Services LLC, Term Loan B6
(LIBOR plus 4.00%)
6.46%		03/29/21	¹		1,313,000		1,178,418
Windstream Services LLC, Term Loan B7
(LIBOR plus 3.25%)
5.71%		02/17/24	¹		587,974		500,513
Ziggo Secured Finance Partnership, Term Loan E
(LIBOR plus 2.50%)
4.96%		04/15/25	¹		945,114		892,986


							36,461,143

Consumer Discretionary — 9.23%
AI Aqua Merger Sub, Inc., Term Loan B1
(LIBOR plus 3.25%)
5.77%		12/13/23	¹		500,000		480,625
AI Aqua Merger Sub, Inc., Term Loan
(LIBOR plus 3.25%)
5.77%		12/13/23	¹		1,485,000		1,427,456
Allied Universal Holdco LLC, Term Loan, 1st Lien
(LIBOR plus 3.75%)
6.27%		07/28/22	¹		997,436		949,060


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Consumer Discretionary (continued)
Alphabet Holding Co., Inc., Term Loan, 1st Lien
(LIBOR plus 3.50%)
6.02%		09/26/24	¹	$	493,750	$	446,844
Arterra Wines Canada, Inc., Term Loan B1 (Canada)
(LIBOR plus 2.75%)
5.54%		12/15/23	^1,2		2,458,728		2,348,085
Boing US Holdco, Inc., Term Loan B, 1st Lien
(LIBOR plus 3.25%)
5.84%		10/03/24	¹		990,019		952,893
CityCenter Holdings LLC, Term Loan
(LIBOR plus 2.25%)
4.77%		04/18/24	¹		2,222,484		2,112,149
Crown Finance US, Inc., Term Loan
(LIBOR plus 2.50%)
5.02%		02/28/25	¹		992,500		942,046
CSC SW Holdco, Inc., Term Loan B1
(LIBOR plus 3.25%)
5.69%		11/14/22	¹		1,976,234		1,891,256
Four Seasons Hotels, Ltd., Term Loan
(LIBOR plus 2.00%)
4.52%		11/30/23	¹		980,000		943,074
Hilton Worldwide Finance LLC, Term Loan B2
(LIBOR plus 1.75%)
4.26%		10/25/23	¹		539,970		522,613
KFC Holding Co., Term Loan B
(LIBOR plus 1.75%)
4.22%		04/03/25	¹		2,463,981		2,410,093
KUEHG Corp., Term Loan B3, 1st Lien
(LIBOR plus 3.75%)
6.55%		02/21/25	¹		746,250		719,202
Nai Entertainment Holdings LLC, Term Loan B
(LIBOR plus 2.50%)
5.03%		05/08/25	¹		748,125		706,978
National Cinemedia LLC, Term Loan
(LIBOR plus 3.00%)
5.50%		06/20/25	¹		498,750		483,538
Nielsen Finance LLC, Term Loan B4
(LIBOR plus 2.00%)
4.39%		10/04/23	¹		1,225,094		1,192,555
Prometric Holdings, Inc., Term Loan, 1st Lien
(LIBOR plus 3.00%)
5.53%		01/29/25	¹		994,987		961,406
Restaurant Technologies, Inc., Term Loan, 1st Lien


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Consumer Discretionary (continued)
(LIBOR plus 3.25%)
5.65%		10/01/25	¹	$	500,000	$	487,500
Reynolds Group Holdings, Inc., Term Loan
(LIBOR plus 2.75%)
5.27%		02/05/23	¹		939,480		898,208
SMG U.S. Midco 2, Inc., Term Loan, 1st Lien
(LIBOR plus 3.00%)
5.52%		01/23/25	¹		496,250		482,191
Stars Group Holdings BV, Term Loan
(LIBOR plus 3.50%)
6.30%		07/10/25	¹		1,992,494		1,931,474
Sunshine Investments BV, Term Loan B3
(LIBOR plus 3.25%)
5.87%		03/28/25	¹		2,000,000		1,920,000
Wyndham Hotels & Resorts, Inc.Term Loan B
(LIBOR plus 1.75%)
4.27%		05/30/25	¹		498,750		481,294


							25,690,540

Consumer Products — 1.17%
BJ’s Wholesale Club, Inc., Term Loan
(LIBOR plus 3.00%)
5.43%		02/05/24	¹		401,316		391,233
Hoffmaster Group, Inc., Term Loan B1
(LIBOR plus 4.00%)
6.52%		11/21/23	¹		478,747		471,566
JBS USA LUX SA, Term Loan (Luxembourg)
(LIBOR plus 2.50%)
5.02%		10/30/22	^1,2		218,960		211,205
5.30%		10/30/22	^1,2		1,277,233		1,232,000
Shearer’s Foods LLC, Term Loan, 1st Lien
(LIBOR plus 4.25%)
6.77%		06/30/21	¹		986,688		948,045


							3,254,049

Electric — 0.57%
Calpine Corp., Term Loan
(LIBOR plus 1.75%)
4.28%		12/31/19	¹		245,625		244,059
Chief Power Finance LLC, Term Loan B
(LIBOR plus 4.75%)
7.28%		12/31/20	^1,3,4		931,510		871,348
EIF Channelview Cogeneration LLC, Term Loan B
(LIBOR plus 4.25%)
6.78%		05/03/25	¹		465,209		461,431


							1,576,838


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Energy — 3.81%
Centurion Pipeline Co. LLC, Term Loan
(LIBOR plus 3.25%)
6.05%		09/29/25	¹	$	1,000,000	$	957,500
Contura Energy, Inc. Term Loan
(LIBOR plus 5.00%)
7.39%		11/10/25	¹		500,000		496,250
EG Dutch Finco BV, Term Loan B (United Kingdom)
(LIBOR plus 4.00%)
6.81%		02/07/25	^1,2		498,744		481,911
EG Group LLC, Term Loan
(LIBOR plus 4.00%)
6.81%		02/07/25	¹		1,240,627		1,198,756
EMG Utica LLC, Term Loan
(LIBOR plus 3.75%)
6.55%		03/27/20	^1,3,4		559,038		552,050
Energizer Holdings, Inc., Term Loan B
(LIBOR plus 2.25%)
2.25%		12/17/25	¹		1,000,000		968,750
Energy Transfer Equity LP, Term Loan
(LIBOR plus 2.00%)
4.52%		02/02/24	¹		1,750,000		1,712,183
Glass Mountain Pipeline Holdings LLC, Term Loan
(LIBOR plus 4.50%)
7.01%		12/23/24	¹		496,250		468,956
Seadrill Operating LP, Term Loan (United Kingdom)
(LIBOR plus 6.00%)
8.80%		02/21/21	^1,2		496,037		390,631
Traverse Midstream Partners LLC, Term Loan
(LIBOR plus 4.00%)
6.60%		09/27/24	¹		1,000,000		962,500
Vistra Operations Co., LLC, Term Loan
(LIBOR plus 2.00%)
4.46%		12/31/25	¹		1,831,561		1,767,200
4.52%		12/31/25	¹		659,056		635,897


							10,592,584

Finance — 8.18%
ADMI Corp., Term Loan, 1st Lien
(LIBOR plus 3.00%)
5.52%		04/30/25	¹		995,000		948,563
Aruba Investments, Inc., Term Loan B1
(LIBOR plus 3.25%)
5.77%		02/02/22	¹		402,085		391,866
Auris Lux Co., Term Loan, (Luxembourg)


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Finance (continued)
(LIBOR plus 3.75%)
3.75%		07/24/25	^1,2	$	1,250,000	$	1,221,100
Auris Luxembourg III SARL, Term Loan B7, (Luxembourg)
(LIBOR plus 3.00%)
5.52%		01/17/22	^1,2		1,434,066		1,434,066
Avolon TLB Borrower 1 (US) LLC, Term Loan B3
(LIBOR plus 2.00%)
4.47%		01/15/25	¹		2,073,161		1,997,802
Camelot US Acquisition I Co., Term Loan
(LIBOR plus 3.25%)
5.77%		10/03/23	^1,3,4		1,427,103		1,366,451
CBAC Borrower LLC, Term Loan B, 1st Lien
(LIBOR plus 4.00%)
6.52%		07/07/24	¹		1,283,750		1,263,293
Delos Finance SARL, Term Loan
(LIBOR plus 1.75%)
4.55%		10/06/23	¹		2,500,000		2,438,750
DTZ US Borrower LLC, Term Loan
(LIBOR plus 3.25%)
5.77%		08/21/25	¹		648,375		622,035
Engineered Machinery Holdings, Inc., Term Loan, 1st Lien
(LIBOR plus 3.25%)
6.05%		07/19/24	¹		990,000		959,063
First Eagle Holdings, Inc., Term Loan
(LIBOR plus 2.75%)
5.56%		12/02/24	¹		500,000		493,283
Forest City Enterprises, Term Loan
(LIBOR plus 4.00%)
6.38%		12/08/25	¹		1,000,000		979,165
Helix Gen Funding LLC, Term Loan
(LIBOR plus 3.75%)
6.27%		06/03/24	¹		528,060		495,661
Midas Intermediate Holdco II LLC, Term Loan B
(LIBOR plus 2.75%)
5.56%		08/18/21	¹		713,266		678,494
NMN Holdings III Corp. Term Loan, 1st Lien
(LIBOR plus 3.75%)
6.18%		11/13/25	^1,5		1,237,500		1,212,750
Plaskolite PPC Intermediate II LLC, Term Loan, 1st Lien
(LIBOR plus 4.25%)
6.69%		12/15/25	¹		2,000,000		1,980,000
Pre Paid Legal Services, Inc., Term Loan, 1st Lien


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Finance (continued)
(LIBOR plus 3.00%)
5.52%		05/01/25	¹	$	458,750	$	450,148
RPI Finance Trust, Term Loan B6
(LIBOR plus 2.00%)
4.52%		03/27/23	¹		983,406		954,784
Telenet Financing USD LLC, Term Loan
(LIBOR plus 2.25%)
4.71%		08/15/26	¹		1,500,000		1,431,818
UFC Holdings LLC, Term Loan, 1st Lien
(LIBOR plus 3.25%)
5.78%		08/18/23	¹		1,466,250		1,432,526


							22,751,618

Food — 3.06%
8th Avenue Food & Provisions, Term Loan, 1st Lien
(LIBOR plus 3.75%)
6.10%		10/01/25	¹		250,000		245,521
Albertson’s LLC, Term Loan B7
(LIBOR plus 3.00%)
5.52%		11/17/25	¹		300,000		285,375
American Seafoods Group LLC, Term Loan B
(PRIME plus 1.75%)
7.25%		08/21/23	¹		19,345		18,644
(LIBOR plus 2.75%)
5.28%		08/21/23	¹		1,262,248		1,216,491
Chobani LLC, Term Loan B
(LIBOR plus 3.50%)
6.02%		10/10/23	¹		980,043		916,345
H-Food Holdings LLC, Term Loan
(LIBOR plus 3.69%)
6.21%		05/23/25	¹		995,000		957,190
H-Food Holdings LLC, Term Loan B2
(LIBOR plus 4.00%)
6.52%		05/23/25	¹		1,000,000		992,500
Hostess Brands LLC, Term Loan B
(LIBOR plus 2.25%)
4.78%		08/03/22	¹		1,473,946		1,410,847
Northeast Foods LLC, Term Loan
(LIBOR plus 3.75%)
6.27%		07/20/25	¹		1,293,500		1,280,565
Utz Quality Foods LLC, Term Loan, 1st Lien
(LIBOR plus 3.50%)
6.02%		11/21/24	¹		1,237,500		1,202,695


							8,526,173


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Gaming — 7.30%
Affinity Gaming LLC, Term Loan
(LIBOR plus 3.25%)
5.77%		07/03/23	¹	$	468,887	$	449,154
Caesars Resort Collection LLC, Term Loan B
(LIBOR plus 2.75%)
5.27%		12/23/24	¹		1,485,000		1,430,901
CEOC LLC, Term Loan B
(LIBOR plus 2.00%)
4.52%		10/06/24	¹		991,241		947,462
Churchill Downs, Inc., Term Loan B
(LIBOR plus 2.00%)
4.53%		12/27/24	¹		1,549,350		1,497,059
Gateway Casinos & Entertainment Ltd., Term Loan
(LIBOR plus 3.00%)
5.80%		12/01/23	¹		995,000		960,175
Golden Entertainment, Inc., Term Loan B, 1st Lien
(LIBOR plus 3.00%)
5.53%		10/21/24	¹		1,485,000		1,425,600
Golden Entertainment, Inc., Term Loan B, 2nd Lien
(LIBOR plus 7.00%)
9.53%		10/20/25	¹		500,000		483,750
Golden Nugget, Inc., Term Loan B
(LIBOR plus 2.75%)
5.19%		10/04/23	¹		622,380		601,154
5.28%		10/04/23	¹		783,900		757,165
Greektown Holdings LLC, Term Loan B, 1st Lien
(LIBOR plus 2.75%)
5.27%		04/25/24	¹		1,474,981		1,460,231
GVC Holdings PLC, Term Loan B2
(LIBOR plus 2.50%)
5.02%		03/29/24	¹		1,488,750		1,454,628
Las Vegas Sands LLC, Term Loan B
(LIBOR plus 1.75%)
4.27%		03/27/25	¹		2,431,923		2,330,597
Penn National Gaming, Inc., Term Loan B1
(LIBOR plus 2.25%)
4.71%		10/15/25	¹		1,405,000		1,358,902
Station Casinos LLC, Term Loan B
(LIBOR plus 2.50%)
5.03%		06/08/23	¹		1,423,953		1,371,573
Wynn Resorts, Ltd., Term Loan
(LIBOR plus 2.25%)
4.78%		10/30/24	¹		2,500,000		2,373,450
Yonkers Racing Corp., Term Loan, 1st Lien


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Gaming (continued)
(PRIME plus 2.25%)
7.75%		05/31/24	¹	$	1,418,942	$	1,406,527


							20,308,328

Health Care — 10.88%
Acadia Healthcare Co., Inc., Term Loan B3
(LIBOR plus 2.50%)
5.02%		02/11/22	¹		937,241		907,511
Acadia Healthcare Co., Inc., Term Loan B4
(LIBOR plus 2.50%)
5.02%		02/16/23	¹		284,071		275,060
Albany Molecular Research, Inc., Term Loan, 1st Lien
(LIBOR plus 3.25%)
5.77%		08/30/24	¹		734,997		698,710
Argon Medical Devices Holdings, Inc., Term Loan, 1st Lien
(LIBOR plus 3.75%)
6.27%		01/23/25	¹		992,500		982,575
Aveanna Healthcare LLC, Term Loan, 1st Lien
(LIBOR plus 4.25%)
6.77%		03/13/24	¹		1,376,241		1,293,666
Bausch Health Co., Inc., Term Loan
(LIBOR plus 2.75%)
5.13%		11/27/25	¹		246,875		234,956
Bausch Health Companies, Inc., Term Loan
(LIBOR plus 3.00%)
5.38%		06/02/25	¹		2,113,937		2,024,983
Carestream Dental Equipment, Inc., Term Loan, 1st Lien
(LIBOR plus 3.25%)
6.05%		09/01/24	¹		987,500		955,406
CCS-CMGC Holdings, Inc., Term Loan, 1st Lien
(LIBOR plus 5.50%)
8.02%		10/01/25	¹		500,000		487,500
Change Healthcare Holdings LLC, Term Loan
(LIBOR plus 2.75%)
5.27%		03/01/24	¹		498,705		474,600
Community Health Systems, Inc., Term Loan H
(LIBOR plus 3.25%)
5.96%		01/27/21	¹		436,611		421,019
Endo Luxembourg Finance I Co. SARL, Term Loan (Luxembourg)
(LIBOR plus 4.25%)
6.81%		04/29/24	^1,2		486,918		462,572


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Health Care (continued)
Gentiva Health Services, Inc., Term Loan, 1st Lien
(LIBOR plus 3.75%)
6.31%		07/02/25	¹	$	1,462,398	$	1,422,182
Gentiva Health Services, Inc., Term Loan, 2nd Lien
(LIBOR plus 7.00%)
9.56%		07/02/26	¹		250,000		250,000
Greatbatch Ltd. Term Loan B
(LIBOR plus 3.00%)
5.39%		10/27/22	¹		869,388		850,231
Inovalon Holdings, Inc., Term Loan
(LIBOR plus 3.50%)
5.94%		04/02/25	¹		997,500		975,056
IQVIA, Inc., Term Loan B3
(LIBOR plus 1.75%)
4.27%		06/11/25	¹		497,500		482,267
Lantheus Medical Imaging, Inc., Term Loan B
(LIBOR plus 3.75%)
6.27%		06/30/22	¹		982,500		965,306
Medical Solutions Holdings, Inc., Term Loan, 1st Lien
(LIBOR plus 3.75%)
6.27%		06/14/24	¹		987,538		972,724
MPH Acquisition Holdings LLC, Term Loan
(LIBOR plus 2.75%)
5.55%		06/07/23	¹		1,714,697		1,630,154
Navicure, Inc., Term Loan, 1st Lien
(LIBOR plus 3.75%)
6.27%		11/01/24	¹		1,089,000		1,063,136
NMSC Holdings, Inc., Term Loan, 1st Lien
(LIBOR plus 5.00%)
7.59%		04/19/23	¹		1,177,338		1,165,565
Ortho-Clinical Diagnostics, Inc., Term Loan
(LIBOR plus 3.25%)
5.76%		06/30/25	¹		492,500		458,025
Pearl Intermediate Parent LLC, Delayed-Draw Term Loan, 1st Lien
(LIBOR plus 2.75%)
5.25%		02/14/25	¹		328,957		312,920
5.27%		02/14/25	¹		16,573		15,765
Pearl Intermediate Parent LLC, Term Loan, 1st Lien
(LIBOR plus 2.75%)
5.25%		02/14/25	^1,6		1,533,864		1,459,088
PharMerica Corp., Term Loan, 1st Lien
(LIBOR plus 3.50%)
5.96%		12/06/24	¹		1,491,244		1,429,111


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Health Care (continued)
Premise Health Holding Corp., Term Loan, 1st Lien
(LIBOR plus 3.75%)
6.55%		07/10/25	^1,7	$	696,628	$	686,179
Prospect Medical Holdings, Inc., Term Loan B1
(LIBOR plus 5.50%)
7.94%		02/22/24	¹		980,069		970,881
Surgery Center Holdings, Inc., Term Loan
(LIBOR plus 3.25%)
5.78%		09/02/24	¹		2,236,837		2,137,589
TecoStar Holdings, Inc., Term Loan, 1st Lien
(LIBOR plus 3.50%)
5.89%		05/01/24	¹		704,883		680,212
Viant Medical Holdings, Inc., Term Loan, 1st Lien
(LIBOR plus 3.75%)
6.55%		07/02/25	¹		997,500		986,278
Wink Holdco, Inc., Term Loan, 1st Lien
(LIBOR plus 3.00%)
5.52%		12/01/24	¹		1,988,092		1,892,415
Wink Holdco, Inc., Term Loan, 2nd Lien
(LIBOR plus 6.75%)
9.28%		12/01/25	¹		250,000		237,918


							30,261,560

Industrials — 10.18%
Agro Merchants North America Holdings, Inc., Term Loan, 1st Lien
(LIBOR plus 3.75%)
6.55%		12/06/24	¹		1,529,979		1,472,605
American Traffic Solutions Inc., Term Loan, 1st Lien
(LIBOR plus 3.75%)
6.27%		02/28/25	¹		1,493,737		1,460,128
Berry Global, Inc., Term Loan Q
(LIBOR plus 2.00%)
4.39%		10/01/22	¹		469,600		459,948
Berry Global, Inc., Term Loan R
(LIBOR plus 2.00%)
4.39%		01/19/24	¹		491,250		479,757
CHG PPC Parent LLC, Term Loan B, 1st Lien
(LIBOR plus 2.75%)
5.27%		03/31/25	¹		995,000		957,688
Clean Harbors, Inc., Term Loan
(LIBOR plus 1.75%)
4.27%		06/30/24	¹		1,832,199		1,780,669
CPI Holdco LLC, Term Loan, 1st Lien


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Industrials (continued)
(LIBOR plus 3.50%)
6.02%		03/21/24	¹	$	1,965,007	$	1,917,110
CRCI Longhorn Holdings, Inc., Term Loan, 1st Lien
(LIBOR plus 3.50%)
5.89%		08/08/25	¹		1,995,000		1,910,213
IBC Capital Limited, Term Loan B1, 1st Lien
(LIBOR plus 3.75%)
6.55%		09/11/23	¹		1,985,000		1,920,488
Infiltrator Water Technologies LLC, Term Loan B2
(LIBOR plus 3.00%)
5.80%		05/27/22	¹		1,455,042		1,413,209
Jade Germany GMBH, Term Loan, (Germany)
(LIBOR plus 5.50%)
8.09%		05/31/23	^1,2		985,000		955,450
Pelican Products, Inc., Term Loan, 1st Lien
(LIBOR plus 3.50%)
5.88%		05/01/25	¹		497,500		472,625
Penn Engineering & Manufacturing Corp., Term Loan B
(LIBOR plus 2.75%)
5.27%		06/27/24	¹		738,750		715,354
PGT Innovations, Inc., Term Loan B
(LIBOR plus 3.50%)
6.02%		02/16/22	¹		18,518		18,303
6.12%		02/16/22	¹		99,954		98,788
Plaze, Inc., Term Loan
(LIBOR plus 3.50%)
5.90%		07/31/22	¹		135,063		134,725
6.02%		07/31/22	¹		2,058,524		2,053,378
ProAmpac PG Borrower LLC, Term Loan, 1st Lien
(LIBOR plus 3.50%)
5.98%		11/20/23	¹		534,497		512,782
6.02%		11/20/23	¹		240,523		230,752
6.08%		11/20/23	¹		266,179		255,366
6.09%		11/20/23	¹		101,298		97,183
6.14%		11/20/23	¹		327,503		314,198
Sigma Bidco BV, Term Loan B2
(LIBOR plus 3.00%)
5.40%		07/02/25	¹		995,000		945,250
Spectrum Holdings III Corp., Term Loan, 1st Lien
(LIBOR plus 3.25%)
5.77%		01/31/25	¹		1,449,075		1,392,923
Technimark LLC, Term Loan


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Industrials (continued)
(LIBOR plus 3.75%)
6.27%		08/08/25	¹	$	1,000,000	$	988,750
Titan Acquisition, Ltd. Term Loan
(LIBOR plus 3.00%)
5.52%		03/28/25	¹		497,494		457,694
Transcendia Holdings, Inc., Term Loan, 1st Lien
(LIBOR plus 3.50%)
6.02%		05/30/24	¹		1,481,287		1,407,223
Transdigm, Inc., Term Loan F
(LIBOR plus 2.50%)
5.02%		06/09/23	¹		1,480,184		1,400,624
TricorBraun, Inc., Term Loan, 1st Lien
(LIBOR plus 3.75%)
6.55%		11/30/23	^1,8		1,336,364		1,313,532
Tyco International Holdings SARL, Term Loan
(LIBOR plus 1.25%)
4.16%		03/02/20	^1,3,4		136,500		135,988
Zep, Inc., Term Loan, 1st Lien
(LIBOR plus 4.00%)
6.52%		08/12/24	¹		740,625		666,563


							28,339,266

Information Technology — 7.26%
Ascend Learning LLC, Term Loan B, 1st Lien
(LIBOR plus 3.00%)
5.52%		07/12/24	¹		987,500		938,125
Ciena Corp., Term Loan
(LIBOR plus 2.00%)
4.47%		09/26/25	¹		500,000		481,250
Dell International LLC, Term Loan B
(LIBOR plus 2.00%)
4.53%		09/07/23	¹		1,349,692		1,300,766
DigiCert Holdings, Inc., Term Loan, 1st Lien
(LIBOR plus 4.00%)
6.52%		10/31/24	¹		1,493,756		1,467,616
EagleView Technology Corp., Term Loan, 1st Lien
(LIBOR plus 3.50%)
5.96%		08/14/25	¹		500,000		478,333
First Data Corp., Term Loan
(LIBOR plus 2.00%)
4.50%		07/08/22	¹		972,765		937,045
4.50%		04/26/24	¹		528,184		505,868
GlobalLogic Holdings, Inc., Term Loan, 1st Lien


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Information Technology (continued)
(LIBOR plus 3.25%)
5.59%		08/01/25	^1,9	$	436,406	$	421,678
Imperva, Inc., Term Loan
(LIBOR plus 4.00%)
6.52%		11/20/25	¹		500,000		493,125
IQVIA, Inc., Term Loan B2
(LIBOR plus 2.00%)
4.52%		01/17/25	¹		1,984,975		1,932,869
Microchip Technology, Inc., Term Loan
(LIBOR plus 2.00%)
4.53%		05/29/25	¹		452,167		429,746
Oberthur Technologies Of America Corp., Term Loan B
(LIBOR plus 3.75%)
6.55%		01/10/24	¹		1,473,750		1,436,449
OpenLink International Holdings, Inc., Term Loan
(LIBOR plus 4.75%)
7.27%		03/21/25	¹		732,956		728,833
Peak 10 Holding Corp., Term Loan, 1st Lien
(LIBOR plus 3.50%)
6.30%		08/01/24	¹		246,875		225,273
Perspecta, Inc., Term Loan B
(LIBOR plus 2.25%)
4.77%		05/30/25	¹		497,500		482,575
Project Alpha Intermediate Holdings Inc., Term Loan B, 1st Lien
(LIBOR plus 3.50%)
5.94%		04/26/24	¹		985,000		952,987
Scientific Games International, Inc., Term Loan B5
(LIBOR plus 2.75%)
5.25%		08/14/24	¹		1,201,295		1,131,362
5.27%		08/14/24	¹		287,455		270,721
Sophia LP, Term Loan B
(LIBOR plus 3.25%)
6.05%		09/30/22	¹		1,191,033		1,151,259
SS&C Technologies, Inc., Term Loan B5
(LIBOR plus 2.25%)
4.77%		04/16/25	¹		498,743		472,249
SS&C Technologies, Inc., Term Loan B3
(LIBOR plus 2.25%)
4.77%		04/16/25	¹		1,295,156		1,225,774
SS&C Technologies, Inc., Term Loan B4
(LIBOR plus 2.25%)
4.77%		04/16/25	¹		491,270		464,953
TierPoint LLC, Term Loan, 1st Lien


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Information Technology (continued)
(LIBOR plus 3.75%)
6.27%		05/06/24	¹	$	467,133	$	437,938
VT Topco, Inc., Term Loan, 1st Lien
(LIBOR plus 3.75%)
6.05%		08/01/25	¹		59,756		59,103
6.55%		08/01/25	^1,10		798,000		789,274
6.55%		08/01/25	¹		40,667		40,222
Zotec Partners LLC, Term Loan
(LIBOR plus 5.00%)
7.51%		02/14/24	¹		981,250		951,813


							20,207,206

Insurance – 0.72%
Alliant Holdings Intermediate LLC, Term Loan
(LIBOR plus 2.75%)
5.21%		05/09/25	¹		1,126,964		1,068,429
AssuredPartners, Inc., Term Loan B
(LIBOR plus 3.25%)
5.77%		10/22/24	¹		486,447		460,607
Hyperion Refinance SARL., Term Loan
(LIBOR plus 3.50%)
6.06%		12/20/24	¹		495,000		480,769


							2,009,805

Materials — 3.51%
Archroma Finance SARL, Term Loan B2 (Switzerland)
(LIBOR plus 4.00%)
6.42%		08/12/24	^1,2		740,625		734,759
Berry Plastics Group, Inc. Term Loan
(LIBOR plus 1.75%)
4.14%		01/06/21	¹		900,000		881,249
Cyanco Intermediate 2 Corp., Term Loan, 1st Lien
(LIBOR plus 3.50%)
6.02%		03/16/25	¹		1,493,737		1,447,058
DuBois Chemicals, Inc., Term Loan
(LIBOR plus 3.25%) 5.77%		03/15/24	¹		1,721,219		1,671,734
Flex Acquisition Co., Inc., Term Loan B
(LIBOR plus 3.25%)
5.60%		06/29/25	¹		1,496,250		1,421,438
Multi-Color Corp., Term Loan B
(LIBOR plus 2.00%)
4.52%		10/31/24	¹		495,000		472,727
Schenectady International Group, Inc., Term Loan


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Materials (continued)
(LIBOR plus 4.75%)
7.19%		10/15/25	¹	$	250,000	$	241,250
Starfruit Finco BV, Term Loan (Netherlands)
(LIBOR plus 3.25%)
5.60%		10/01/25	^1,2		1,000,000		960,000
WR Grace & Co., Term Loan B1
(LIBOR plus 1.75%)
4.55%		04/03/25	¹		735,000		713,182
WR Grace & Co., Term Loan B2
(LIBOR plus 1.75%)
4.14%		04/03/25	¹		1,260,000		1,222,597


							9,765,994

Real Estate Investment Trust (REIT) — 1.79%
Lightstone HoldCo LLC, Term Loan B
(LIBOR plus 3.75%)
6.27%		01/30/24	¹		931,664		884,307
Lightstone HoldCo LLC, Term Loan C
(LIBOR plus 3.75%)
6.27%		01/30/24	¹		50,039		47,496
MGM Growth Properties Operating Partnership LP, Term Loan B
(LIBOR plus 2.00%)
4.52%		03/21/25	¹		2,048,409		1,968,674
VICI Properties 1 LLC, Term Loan B
(LIBOR plus 2.00%)
4.50%		12/20/24	¹		2,159,091		2,069,024


							4,969,501

Retail — 1.28%
BC ULC/New Red Finance, Inc., Term Loan B-3 (Canada)
(LIBOR plus 2.25%)
4.77%		02/16/24	^1,2		2,223,948		2,122,936
IRB Holding Corp., Term Loan B
(LIBOR plus 3.25%)
5.68%		02/05/25	¹		1,493,737		1,428,013


							3,550,949

Services — 6.38%
Aramark Services, Inc., Term Loan B3
(LIBOR plus 1.75%)
4.27%		03/11/25	¹		1,865,325		1,814,812
Carlisle Foodservice Products, Inc. Term Loan, 1st Lien
(LIBOR plus 3.00%)
5.51%		03/20/25	^1,11		404,916		386,694
CIBT Global, Inc. Term Loan, 1st Lien


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Services (continued)
(LIBOR plus 3.75%)
6.55%		06/03/24	¹	$	739,367	$	722,731
EHS Hospitality, Inc., Term Loan
(LIBOR plus 2.00%)
4.52%		08/30/23	¹		1,311,452		1,263,912
Epic Y-Grade Services LP, Term Loan
(LIBOR plus 5.50%)
8.02%		06/07/25	¹		1,250,000		1,187,500
GFL Environmental, Inc., Term Loan
(LIBOR plus 3.00%)
5.52%		05/30/25	¹		2,490,407		2,329,776
Lakeland Tours LLC, Term Loan B
(LIBOR plus 4.00%)
6.79%		12/16/24	¹		1,491,244		1,456,453
Mister Car Wash Holdings, Inc., Term Loan
(LIBOR plus 3.25%)
5.75%		08/20/21	¹		970,010		953,438
PODS LLC, Term Loan B4
(LIBOR plus 2.75%)
5.18%		12/06/24	¹		1,488,697		1,430,385
Powerteam Services LLC, Term Loan, 1st Lien
(LIBOR plus 3.25%)
6.06%		03/06/25	¹		1,459,653		1,415,864
PowerTeam Services LLC, Term Loan, 2nd Lien
(LIBOR plus 7.25%)
10.06%		03/06/26	¹		750,000		731,250
Prime Security Services Borrower LLC, Term Loan B1
(LIBOR plus 2.75%)
5.27%		05/02/22	¹		1,122,193		1,073,097
St. George’s University Scholastic Services LLC, Term Loan
(LIBOR plus 3.50%)
6.03%		06/20/25	^1,12		1,667,479		1,629,961
TKC Holdings, Inc., Term Loan, 1st Lien
(LIBOR plus 3.75%)
6.28%		02/01/23	¹		1,429,753		1,364,528


							17,760,401

Transportation — 1.49%
American Airlines, Inc., Term Loan
(LIBOR plus 1.75%)
4.26%		06/27/25	¹		1,293,406		1,215,801
Arctic LNG Carriers Ltd., Term Loan
(LIBOR plus 4.50%)
7.02%		05/18/23	¹		492,500		478,956


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Transportation (continued)
Commercial Barge Line Co., Term Loan
(LIBOR plus 8.75%)
11.27%		11/12/20	¹	$	181,579	$	131,826
International Seaways, Inc., Term Loan, 1st Lien
(LIBOR plus 6.00%)
8.53%		06/22/22	¹		1,424,890		1,408,860
Navios Maritime Partners LP, Term Loan (Greece)
(LIBOR plus 5.00%)
7.78%		09/14/20	^1,2		915,389		909,283


							4,144,726


Total Bank Loans
(Cost $258,825,814)							250,500,819


CORPORATES — 4.26%*
Communications — 0.87%
CSC Holdings LLC
5.38%		02/01/28	¹³		1,000,000		922,180
5.50%		05/15/26	¹³		500,000		472,500
6.75%		11/15/21			1,000,000		1,027,500


							2,422,180

Finance — 0.85%
Citigroup, Inc.
(LIBOR USD 3-Month plus 0.55%)
3.24%		08/25/36	¹		1,800,000		1,408,259
Goldman Sachs Group, Inc. (The) (MTN)
3.85%		07/08/24			980,000		956,309


							2,364,568

Health Care — 1.55%
Bausch Health Cos., Inc. (Canada)
6.13%		04/15/25	^2,13		500,000		436,250
CHS/Community Health Systems, Inc.
5.13%		08/01/21			250,000		233,750
Cigna Corp.
(LIBOR USD 3-Month plus 0.89%)
3.33%		07/15/23	^1,13		2,700,000		2,660,511
CVS Health Corp.
(LIBOR USD 3-Month plus 0.72%)
3.49%		03/09/21	¹		1,000,000		992,249


							4,322,760

Industrials — 0.76%
General Electric Co. (MTN)
(LIBOR USD 3-Month plus 0.48%)
3.10%		08/15/36	¹		850,000		586,529

Issues

Maturity
Date

Principal

Amount

Value

CORPORATES (continued)

Industrials (continued)

Sealed Air Corp.

5.25%

04/01/23

¹³

1,500,000

1,511,250

2,097,779

Transportation — 0.23%

American Airlines Pass-Through Trust, Series 2013-2, Class B

5.60%

07/15/20

¹³

631,554

638,122

Total Corporates

(Cost $12,275,022)

11,845,409

MUNICIPAL BONDS — 0.15%*

California — 0.15%

State of California, Build America Bonds

7.95%

03/01/36

400,000

422,396

Total Municipal Bonds

(Cost $425,308)

Total Bonds – 94.44%


(Cost $271,526,144)									262,768,624

Issues

Maturity
Date

Principal

Amount/

Shares

Value

SHORT-TERM INVESTMENTS — 12.04%

Foreign Government Obligations — 2.52%

Japan Treasury Discount Bill, Series 793 (Japan)

0.00%^2,14

02/12/19

770,000,000

7,019,229

Money Market Funds — 3.80%

Morgan Stanley Institutional Liquidity

Funds-Government Portfolio

2.30%¹⁵

10,555,000

U.S. Treasury Bills — 5.72%

U.S. Treasury Bills

2.35%¹⁴

02/12/19

6,000,000

5,983,523

2.45%¹⁴

04/18/19

4,200,000

4,170,459

U.S. Treasury Bills (WI)

2.42%¹⁴

04/11/19

5,804,000

5,765,733

15,919,715

Total Short-Term Investments

(Cost $33,269,045)

33,493,944


Issues	Value
Total Investments – 106.48%
(Cost $304,795,189)	$	296,262,568


Net unrealized depreciation on unfunded commitments (0.00)%		(29,378	)

Liabilities in Excess of Other
Assets – (6.48)%		(18,021,752	)


Net Assets – 100.00%	$	278,211,438

¹	Floating rate security. The rate disclosed was in effect at December 31, 2018.

²	U.S. dollar-denominated security issued by foreign-domiciled entity.

³	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

⁴	Illiquid security as determined under procedures approved by the Board of Trustees. The aggregate value of illiquid securities is $2,925,837, which is 1.05% of total net assets.

⁵	Excluded from the investment total above is an unfunded delayed draw term loan commitment in an amount not to exceed $257,250, at an interest rate of 6.18% and a maturity of November 13, 2025. The investment is accruing an unused commitment fee of 0.25% per annum.

⁶	Excluded from the investment total above is an unfunded delayed draw term loan commitment in an amount not to exceed $102,577, at an interest rate of 1.00% and a maturity of February 14, 2025. The investment is not accruing any unused commitment fee.

⁷	Excluded from the investment total above is an unfunded delayed draw term loan commitment in an amount not to exceed $54,595, at an interest rate of 1.00% and a maturity of July 10, 2025. The investment is not accruing any unused commitment fee.

⁸	Excluded from the investment total above is an unfunded delayed draw term loan commitment in an amount not to exceed $132,358, at an interest rate of 6.54% and a maturity of November 30, 2023. The investment is accruing an unused commitment fee of 1.00% per annum.

⁹	Excluded from the investment total above is an unfunded delayed draw term loan commitment in an amount not to exceed $60,391, at an interest rate of 3.25% and a maturity of August 01, 2025. The investment is accruing an unused commitment fee of 0.50% per annum.

¹⁰	Excluded from the investment total above is an unfunded delayed draw term loan commitment in an amount not to exceed $98,247, at an interest rate of 6.55% and a maturity of August 01, 2025. The investment is not accruing any unused commitment fee.

¹¹	Excluded from the investment total above is an unfunded delayed draw term loan commitment in an amount not to exceed $87,883, at an interest rate of 1.00% and a maturity of March 20, 2025. The investment is not accruing any unused commitment fee.

¹²	Excluded from the investment total above is an unfunded delayed draw term loan commitment in an amount not to exceed $510,288, at an interest rate of 3.50% and a maturity of July 17, 2025. The investment is not accruing any unused commitment fee.

¹³	Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

¹⁴	Represents annualized yield at date of purchase.

¹⁵	Represents the current yield as of December 31, 2018.

*	Securities with a call or reset feature will have an effective maturity date sooner than the stated maturity.

(JPY): Japanese Yen

(LIBOR): London InterBank Offer Rate

(MTN): Medium-term note

(USD): U.S. dollar

(WI): When issued


Issues	Maturity Date			Principal Amount		Value
BONDS – 90.10%
BANK LOANS — 18.37%*
Communications — 5.92%
CenturyLink, Inc., Term Loan B
(LIBOR plus 2.75%)
5.27%		01/31/25	¹	$	2,488,690	$	2,330,658
Colorado Buyer, Inc., Term Loan, 1st Lien
(LIBOR plus 3.00%)
5.38%		05/01/24	¹		916,050		880,324
Colorado Buyer, Inc., Term Loan, 2nd Lien
(LIBOR plus 7.25%)
9.63%		05/01/25	¹		480,000		444,000
CSC Holdings LLC, Term Loan
(LIBOR plus 2.25%)
4.71%		07/17/25	¹		5,652,342		5,381,029
Intelsat Jackson Holdings SA,
Term Loan B5 (Luxembourg)
6.63%		01/02/24	²		1,329,300		1,314,013
Level 3 Financing, Inc., Term Loan B
(LIBOR plus 2.25%)
4.75%		02/22/24	¹		1,700,000		1,619,955
Nep Group, Inc., Term Loan, 2nd Lien
(LIBOR plus 7.00%)
9.52%		10/19/26	¹		875,000		826,875
SBA Senior Finance II LLC, Term Loan
(LIBOR plus 2.00%)
4.53%		04/11/25	¹		4,842,333		4,656,218
Sprint Communications, Inc., Term Loan
(LIBOR plus 2.50%)
5.06%		02/02/24	¹		5,285,601		5,043,362
Unitymedia Finance LLC, Term Loan E
(LIBOR plus 2.00%)
4.46%		06/01/23	¹		3,089,552		3,007,756
Virgin Media Bristol LLC, Term Loan K
(LIBOR plus 2.50%)
4.96%		01/15/26	¹		5,000,000		4,748,775


							30,252,965

Consumer Discretionary — 0.56%
Alphabet Holding Co., Inc., Term Loan, 1st Lien
(LIBOR plus 3.50%)
6.02%		09/26/24	¹		1,497,883		1,355,584
CityCenter Holdings LLC, Term Loan
(LIBOR plus 2.25%)
4.77%		04/18/24	¹		1,596,418		1,517,164


							2,872,748


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Energy — 1.23%
Equitrans Midstream Corp., Term Loan
(LIBOR plus 4.50%)
7.03%		12/13/23	¹	$	500,000	$	490,415
Vistra Operations Co., LLC, Term Loan
(LIBOR plus 2.00%)
4.46%		12/31/25	¹		3,126,041		3,016,192
4.52%		12/31/25	¹		1,124,853		1,085,326
Vistra Operations Co., LLC, Term Loan B1
(LIBOR plus 2.00%)
4.52%		08/04/23	¹		1,746,806		1,688,332


							6,280,265

Finance — 0.41%
Auris Lux Co., Term Loan, (Luxembourg)
(LIBOR plus 3.75%)
3.75%		07/24/25	^1,2		525,000		512,862
UFC Holdings LLC, Term Loan, 1st Lien
(LIBOR plus 3.25%)
5.78%		08/18/23	¹		1,625,842		1,588,447


							2,101,309

Food — 0.11%
Northeast Foods LLC, Term Loan
(LIBOR plus 3.75%)
6.27%		07/20/25	¹		547,250		541,778

Gaming — 0.82%
Churchill Downs, Inc., Term Loan B
(LIBOR plus 2.00%)
4.53%		12/27/24	¹		3,366,000		3,252,397
Golden Nugget, Inc., Term Loan B
(LIBOR plus 2.75%)
5.19%		10/04/23	¹		425,403		410,895
5.27%		10/04/23	¹		535,804		517,530


							4,180,822

Health Care — 2.85%
Aveanna Healthcare LLC, Term Loan, 1st Lien
(LIBOR plus 4.25%)
6.77%		03/13/24	¹		781,038		734,175
Aveanna Healthcare LLC, Term Loan, 2nd Lien
(LIBOR plus 8.00%)
10.52%		03/13/25	¹		465,000		448,725
Bausch Health Companies, Inc., Term Loan
(LIBOR plus 3.00%)


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Health Care (continued)
5.38%		06/02/25	¹	$	2,961,538	$	2,836,917
Catalent Pharma Solutions, Inc., Term Loan
(LIBOR plus 2.25%)
4.77%		05/20/24	¹		846,894		825,299
Change Healthcare Holdings LLC, Term Loan
(LIBOR plus 2.75%)
5.27%		03/01/24	¹		2,897,218		2,757,181
Gentiva Health Services, Inc., Term Loan, 1st Lien
(LIBOR plus 3.75%)
6.31%		07/02/25	¹		1,096,798		1,066,636
Gentiva Health Services, Inc., Term Loan, 2nd Lien
(LIBOR plus 7.00%)
9.56%		07/02/26	¹		550,000		550,000
IQVIA, Inc., Term Loan B3
(LIBOR plus 1.75%)
4.27%		06/11/25	¹		2,359,073		2,286,838
PharMerica Corp., Term Loan, 1st Lien
(LIBOR plus 3.50%)
5.96%		12/06/24	¹		918,063		879,811
PharMerica Corp., Term Loan, 2nd Lien
(LIBOR plus 7.75%)
10.21%		12/05/25	¹		1,425,000		1,360,875
Wink Holdco, Inc., Term Loan, 2nd Lien
(LIBOR plus 6.75%)
9.28%		12/01/25	¹		850,000		808,919


							14,555,376

Information Technology — 3.43%
Dell International LLC, Term Loan A2
(LIBOR plus 1.75%)
4.28%		09/07/21	¹		2,000,000		1,947,920
First Data Corp., Term Loan
(LIBOR plus 2.00%)
4.50%		07/08/22	¹		2,010,112		1,936,300
4.50%		04/26/24	¹		6,689,948		6,407,297
Scientific Games International, Inc., Term Loan B5
(LIBOR plus 2.75%)
5.25%		08/14/24	¹		1,463,703		1,378,494
5.27%		08/14/24	¹		350,246		329,856
SS&C Technologies, Inc., Term Loan B3
(LIBOR plus 2.25%)
4.77%		04/16/25	¹		3,324,735		3,146,629
SS&C Technologies, Inc., Term Loan B4


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Information Technology (continued)
(LIBOR plus 2.25%)
4.77%		04/16/25	¹	$	1,261,117		$ 1,193,559
TierPoint LLC, Term Loan, 1st Lien
(LIBOR plus 3.75%)
6.27%		05/06/24	¹		1,271,472		1,192,005


							17,532,060

Materials — 0.18%
Axalta Coating Systems US Holdings, Inc., Term Loan B3
(LIBOR plus 1.75%)
4.55%		06/03/24	¹		997,487		943,040

Real Estate Investment Trust (REIT) — 1.17%
MGM Growth Properties Operating Partnership LP, Term Loan B
(LIBOR plus 2.00%)
4.52%		03/21/25	¹		3,057,141		2,938,142
VICI Properties 1 LLC, Term Loan B
(LIBOR plus 2.00%)
4.50%		12/20/24	¹		3,203,636		3,069,997


							6,008,139

Retail — 1.04%
BC ULC/New Red Finance, Inc., Term Loan B-3 (Canada)
(LIBOR plus 2.25%)
4.77%		02/16/24	^1,²		5,587,459		5,333,676

Services — 0.65%
Mister Car Wash Holdings, Inc., Term Loan
(LIBOR plus 3.25%)
5.75%		08/20/21	¹		1,813,097		1,782,120
PowerTeam Services LLC, Term Loan, 2nd Lien
(LIBOR plus 7.25%)
10.06%		03/06/26	¹		1,565,000		1,525,875


							3,307,995


Total Bank Loans
(Cost $97,427,757)							93,910,173


CORPORATES — 71.68%*
Communications — 18.26%
Altice Financing SA (Luxembourg)
7.50%		05/15/26	^2,3		1,965,000		1,797,975
Altice France SA (France)
7.38%		05/01/26	^2,3		3,866,000		3,556,720
AMC Networks, Inc.
4.75%		08/01/25			1,913,000		1,731,265
Cable One, Inc.
5.75%		06/15/22	³		3,080,000		3,103,100


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Communications (continued)
Charter Communications Operating LLC/Charter Communications Operating Capital
3.75%		02/15/28		$	5,120,000	$	4,640,368
Clear Channel International BV (Netherlands)
8.75%		12/15/20	^2,3		3,108,000		3,142,965
CSC Holdings LLC
5.38%		02/01/28	³		2,250,000		2,074,905
5.50%		05/15/26	³		684,000		646,380
DISH DBS Corp.
5.88%		11/15/24			489,000		394,867
7.75%		07/01/26			449,000		373,231
DISH Network Corp.
3.38%		08/15/26			1,398,000		1,132,402
EW Scripps Co. (The)
5.13%		05/15/25	³		1,967,000		1,821,934
Frontier Communications Corp.
7.13%		01/15/23			4,161,000		2,361,367
8.50%		04/01/26	³		918,000		805,545
Intelsat Jackson Holdings SA (Luxembourg)
5.50%		08/01/23	²		5,273,000		4,613,875
8.50%		10/15/24	^2,3		3,087,000		2,988,602
Intelsat Luxembourg SA (Luxembourg)
8.13%		06/01/23	²		1,851,000		1,443,780
Lamar Media Corp.
5.75%		02/01/26			560,000		568,400
Level 3 Financing, Inc.
5.25%		03/15/26			1,370,000		1,256,975
5.38%		01/15/24			777,000		739,547
5.38%		05/01/25			2,870,000		2,688,831
6.13%		01/15/21			1,850,000		1,850,000
Midcontinent Communications/Midcontinent Finance Corp.
6.88%		08/15/23	³		1,255,000		1,291,081
Qwest Corp.
6.75%		12/01/21			4,830,000		4,950,509
6.88%		09/15/33			1,360,000		1,215,500
Radiate Holdco LLC/Radiate Finance, Inc.
6.88%		02/15/23	³		879,000		802,087
Sinclair Television Group, Inc.
5.38%		04/01/21			3,350,000		3,341,625
Sirius XM Radio, Inc.
3.88%		08/01/22	³		5,742,000		5,505,143
Sprint Capital Corp.
8.75%		03/15/32			4,562,000		4,824,315
Sprint Corp.
7.13%		06/15/24			3,809,000		3,781,728
7.63%		03/01/26			625,000		618,750


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Communications (continued)
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC
3.36%		09/20/21	³	$	2,761,000	$	2,723,036
5.15%		03/20/28	³		4,154,000		4,091,690
TEGNA, Inc.
5.13%		10/15/19			2,980,000		2,982,324
T-Mobile USA, Inc.
4.75%		02/01/28			6,536,000		5,923,250
6.50%		01/15/24			5,025,000		5,150,625
Univision Communications, Inc.
5.13%		02/15/25	³		1,383,000		1,206,667
Virgin Media Secured Finance PLC (United Kingdom)
5.50%		08/15/26	^2,³		723,000		670,583
Windstream Services LLC/Windstream Finance Corp.
9.00%		06/30/25	³		726,000		495,495


							93,307,442

Consumer Discretionary — 3.53%
Central Garden & Pet Co.
5.13%		02/01/28			2,605,000		2,344,500
High Ridge Brands Co.
8.88%		03/15/25	^3,4,5		400,000		178,000
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC
4.75%		06/01/27	³		761,000		709,633
5.25%		06/01/26	³		3,925,000		3,787,625
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Luxembourg S.A.
(LIBOR USD 3-Month plus 3.50%)
5.94%		07/15/21	^1,3		6,400,000		6,392,000
Spectrum Brands, Inc.
5.75%		07/15/25			1,128,000		1,074,082
6.13%		12/15/24			2,025,000		1,956,656
6.63%		11/15/22			155,000		157,325
WMG Acquisition Corp.
5.50%		04/15/26	³		1,512,000		1,449,343


							18,049,164

Electric — 0.41%
Energizer Gamma Acquisition, Inc.
6.38%		07/15/26	³		2,059,000		1,894,280
Indiantown Cogeneration LP, Series A-10
9.77%		12/15/20	^4,5		204,033		219,463


							2,113,743


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Energy — 13.00%
Antero Resources Corp.
5.00%		03/01/25		$	2,275,000	$	2,070,250
5.13%		12/01/22			920,000		874,000
Centennial Resource Production LLC
5.38%		01/15/26	³		776,000		725,560
Cheniere Corpus Christi Holdings LLC
5.13%		06/30/27			265,000		251,167
Cheniere Energy Partners LP
5.25%		10/01/25			627,000		587,029
5.63%		10/01/26	³		1,906,000		1,786,875
CrownRock LP/CrownRock Finance, Inc.
5.63%		10/15/25	³		570,000		519,413
Diamondback Energy, Inc.
4.75%		11/01/24	³		764,000		739,170
4.75%		11/01/24			350,000		338,625
5.38%		05/31/25			960,000		950,400
Endeavor Energy Resources LP/EER
Finance, Inc.
5.75%		01/30/28	³		839,000		860,143
Energy Transfer LP
5.50%		06/01/27			2,889,000		2,823,997
5.88%		01/15/24			2,280,000		2,327,219
Ensco PLC (United Kingdom)
7.75%		02/01/26	²		1,398,000		1,041,510
EQT Corp.
3.90%		10/01/27			2,280,000		1,969,070
Gulfport Energy Corp.
6.38%		05/15/25			300,000		266,625
Kinder Morgan Energy Partners LP
2.65%		02/01/19			3,440,000		3,437,913
Matador Resources Co.
5.88%		09/15/26			1,950,000		1,803,750
Newfield Exploration Co.
5.75%		01/30/22			4,182,000		4,234,275
NGPL Pipe Co. LLC
4.38%		08/15/22	³		3,405,000		3,328,387
Parsley Energy LLC/Parsley Finance Corp.
5.25%		08/15/25	³		1,493,000		1,358,630
5.38%		01/15/25	³		475,000		439,375
Range Resources Corp.
4.88%		05/15/25			2,864,000		2,362,800
5.00%		03/15/23			1,350,000		1,193,063
Rockies Express Pipeline LLC
5.63%		04/15/20	³		4,553,000		4,575,765
6.00%		01/15/19	³		2,765,000		2,765,622
6.88%		04/15/40	³		2,578,000		2,706,900
Seven Generations Energy Ltd. (Canada)
5.38%		09/30/25	^2,3		1,220,000		1,111,725


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Energy (continued)
SunCoke Energy Partners LP/SunCoke Energy Partners Finance Corp.
7.50%		06/15/25	³	$	740,000	$	706,700
Sunoco LP/Sunoco Finance Corp.
5.88%		03/15/28			2,100,000		1,968,750
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
5.88%		04/15/26	³		951,000		924,847
TransMontaigne Partners LP/ TLP Finance Corp.
6.13%		02/15/26			2,170,000		1,953,000
Transocean Pontus Ltd. (Cayman Islands)
6.13%		08/01/25	^2,3		2,740,000		2,657,800
Transocean Proteus Ltd. (Cayman Islands)
6.25%		12/01/24	^2,3		3,940,000		3,792,250
USA Compression Partners LP/USA Compression Finance Corp.
6.88%		04/01/26	³		1,996,000		1,926,140
Williams Cos., Inc. (The)
3.70%		01/15/23			1,695,000		1,655,633
4.55%		06/24/24			1,650,000		1,666,565
WPX Energy, Inc.
5.25%		09/15/24			814,000		738,705
5.75%		06/01/26			1,040,000		946,400
6.00%		01/15/22			31,000		30,225


							66,416,273

Finance — 1.15%
International Lease Finance Corp.
6.25%		05/15/19			4,000,000		4,035,752
Trident Merger Sub, Inc.
6.63%		11/01/25	³		2,073,000		1,865,700


							5,901,452

Food — 2.32%
B&G Foods, Inc.
4.63%		06/01/21			1,360,000		1,331,100
Chobani LLC/Chobani Finance Corp., Inc.
7.50%		04/15/25	³		2,238,000		1,773,615
Kraft Heinz Foods Co.
4.88%		02/15/25	³		579,000		581,958
Pilgrim’s Pride Corp.
5.88%		09/30/27	³		2,068,000		1,881,880
Post Holdings, Inc.
5.63%		01/15/28	³		4,983,000		4,603,046
Sigma Holdco BV (Netherlands)
7.88%		05/15/26	^2,3		1,912,000		1,663,440


							11,835,039


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Gaming — 2.26%
Boyd Gaming Corp.
6.00%		08/15/26		$	2,265,000	$	2,126,269
Caesars Resort Collection LLC/CRC Finco, Inc.
5.25%		10/15/25	³		2,585,000		2,274,800
Churchill Downs, Inc.
4.75%		01/15/28	³		1,535,000		1,396,389
Eldorado Resorts, Inc.
6.00%		09/15/26	³		1,450,000		1,372,063
Rivers Pittsburgh Borrower LP/Rivers Pittsburgh Finance Corp.
6.13%		08/15/21	³		2,389,000		2,323,303
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
5.25%		05/15/27	³		1,383,000		1,225,684
5.50%		03/01/25	³		910,000		850,850


							11,569,358

Health Care — 12.06%
Acadia Healthcare Co., Inc.
6.50%		03/01/24			2,111,000		2,047,670
Bausch Health Cos., Inc. (Canada)
5.50%		11/01/25	^2,3		5,736,000		5,370,330
5.88%		05/15/23	^2,3		779,000		721,549
6.50%		03/15/22	^2,3		865,000		871,487
Centene Corp.
4.75%		01/15/25			4,903,000		4,694,623
5.38%		06/01/26	³		425,000		416,096
5.63%		02/15/21			2,346,000		2,357,730
CHS/Community Health Systems, Inc.
5.13%		08/01/21			1,386,000		1,295,910
6.25%		03/31/23			882,000		804,869
6.88%		02/01/22			1,021,000		463,279
Elanco Animal Health, Inc.
3.91%		08/27/21	³		2,147,000		2,161,709
4.90%		08/28/28	³		2,142,000		2,183,732
Endo DAC/Endo Finance LLC/Endo Finco, Inc. (Ireland)
6.00%		02/01/25	^2,3		1,315,000		948,444
HCA, Inc.
5.00%		03/15/24			1,524,000		1,512,570
5.25%		04/15/25			2,890,000		2,882,775
5.25%		06/15/26			3,691,000		3,663,317
6.50%		02/15/20			5,234,000		5,377,935
Hill-Rom Holdings, Inc.
5.75%		09/01/23	³		1,289,000		1,295,445
Hologic, Inc.
4.63%		02/01/28	³		860,000		779,590
Molina Healthcare, Inc.
4.88%		06/15/25	³		2,837,000		2,599,401


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Health Care (continued)
5.38%		11/15/22		$	1,300,000	$	1,254,500
MPH Acquisition Holdings LLC
7.13%		06/01/24	³		1,739,000		1,625,965
Teleflex, Inc.
4.88%		06/01/26			460,000		441,600
Tenet Healthcare Corp.
4.50%		04/01/21			2,973,000		2,894,959
4.63%		07/15/24			4,424,000		4,130,910
4.75%		06/01/20			3,904,000		3,906,342
6.00%		10/01/20			938,000		952,070
Valeant Pharmaceuticals International
9.25%		04/01/26	³		450,000		451,125
WellCare Health Plans, Inc.
5.25%		04/01/25			2,104,000		2,032,990
5.38%		08/15/26	³		1,533,000		1,487,010


							61,625,932

Industrials — 6.61%
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. (Ireland)
6.00%		02/15/25	^2,3		750,000		694,215
7.25%		05/15/24	^2,3		4,414,000		4,419,517
Ball Corp.
4.00%		11/15/23			2,700,000		2,625,750
4.38%		12/15/20			1,000,000		1,007,500
Berry Global, Inc.
4.50%		02/15/26	³		1,090,000		1,000,075
Bombardier, Inc. (Canada)
6.13%		01/15/23	^2,3		1,757,000		1,651,580
Clean Harbors, Inc.
5.13%		06/01/21			3,723,000		3,723,000
Covanta Holding Corp.
5.88%		07/01/25			1,007,000		930,216
6.00%		01/01/27			1,275,000		1,149,157
Crown Americas LLC/Crown Americas Capital Corp. V
4.25%		09/30/26			2,229,000		2,008,886
General Electric Co. (GMTN)
6.00%		08/07/19			2,075,000		2,098,803
General Electric Co. (MTN)
(LIBOR USD 3-Month plus 0.48%)
3.10%		08/15/36	¹		1,300,000		897,044
Graphic Packaging International LLC
4.88%		11/15/22			2,080,000		2,054,000
Itron, Inc.
5.00%		01/15/26	³		2,215,000		2,032,263
Multi-Color Corp.
4.88%		11/01/25	³		1,809,000		1,560,263


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Industrials (continued)
Sealed Air Corp.
5.25%		04/01/23	³	$	1,530,000	$	1,541,475
5.50%		09/15/25	³		1,115,000		1,103,850
Silgan Holdings, Inc.
4.75%		03/15/25			1,539,000		1,442,813
Titan Acquisition Ltd./Titan Co-Borrower LLC (Canada)
7.75%		04/15/26	^2,3		2,123,000		1,833,741


							33,774,148

Information Technology — 2.01%
CDK Global, Inc.
3.80%		10/15/19			2,823,000		2,815,943
IQVIA, Inc.
5.00%		10/15/26	³		2,760,000		2,648,910
MSCI, Inc.
5.75%		08/15/25	³		634,000		641,133
NXP BV/NXP Funding LLC (Netherlands)
3.88%		09/01/22	^2,3		1,800,000		1,750,722
Zayo Group LLC/Zayo Capital, Inc.
5.75%		01/15/27	³		2,678,000		2,396,810


							10,253,518

Materials — 0.80%
Axalta Coating Systems LLC
4.88%		08/15/24	³		161,000		152,950
Big River Steel LLC/BRS Finance Corp.
7.25%		09/01/25	³		700,000		696,500
Kissner Holdings LP/Kissner Milling Co. Ltd./BSC Holding, Inc./Kissner USA (Canada)
8.38%		12/01/22	^2,3		1,031,000		1,036,155
Valvoline, Inc.
4.38%		08/15/25			2,388,000		2,199,945


							4,085,550

Real Estate Investment Trust (REIT) — 0.89%
GLP Capital LP/GLP Financing II, Inc.
5.30%		01/15/29			1,890,000		1,858,731
5.75%		06/01/28			1,500,000		1,520,625
MGM Growth Properties Operating Partnership LP/MGP Finance Co.-Issuer, Inc.
4.50%		01/15/28			1,000,000		880,000
5.63%		05/01/24			300,000		298,125


							4,557,481

Retail — 1.71%
Cumberland Farms, Inc.
6.75%		05/01/25	³		540,000		544,725


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Retail (continued)
IRB Holding Corp.
6.75%		02/15/26	³	$	1,303,000	$	1,143,383
Nathan’s Famous, Inc.
6.63%		11/01/25	³		696,000		682,950
Party City Holdings, Inc.
6.63%		08/01/26	³		2,162,000		1,972,825
Rite Aid Corp.
6.13%		04/01/23	³		5,521,000		4,382,294


							8,726,177

Services — 2.95%
Gartner, Inc.
5.13%		04/01/25	³		369,000		359,085
GFL Environmental, Inc. (Canada)
5.38%		03/01/23	^2,3		2,418,000		2,127,840
IHS Markit Ltd. (Bermuda)
4.00%		03/01/26	^2,3		3,559,000		3,318,767
4.75%		02/15/25	^2,3		455,000		448,744
4.75%		08/01/28	²		80,000		78,435
Matthews International Corp.
5.25%		12/01/25	³		2,665,000		2,485,113
Service Corp. International/U.S.
4.50%		11/15/20			2,480,000		2,470,700
4.63%		12/15/27			1,448,000		1,366,550
Waste Pro USA, Inc.
5.50%		02/15/26	³		2,640,000		2,442,000


							15,097,234

Transportation — 3.72%
American Airlines Pass-Through Trust, Series 2013-1, Class B
5.63%		01/15/21	³		4,205,370		4,239,553
Avolon Holdings Funding Ltd. (Cayman Islands)
5.13%		10/01/23	^2,3		2,102,000		2,012,665
Continental Airlines Pass-Through Trust, Series 2007-1, Class B
6.90%		04/19/22			1,077,281		1,108,630
Delta Air Lines Pass-Through Trust, Series 2002-1, Class G1
6.72%		01/02/23			7,595,764		8,074,951
U.S. Airways Pass-Through Trust, Series 2010-1, Class A
6.25%		04/22/23			1,289,517		1,372,990
U.S. Airways Pass-Through Trust, Series 2012-1, Class A
5.90%		10/01/24			2,096,078		2,230,163


							19,038,952


Total Corporates
(Cost $379,771,825)							366,351,463

Issues

Maturity
Date

Principal

Amount

Value

MORTGAGE-BACKED — 0.05%**

Non-Agency Mortgage-Backed — 0.05%

Countrywide Asset-Backed Certificates, Series 2007-13, Class 2A1

(LIBOR USD 1-Month plus 0.90%)

3.41%

10/25/47

$252,219

238,234

Total Mortgage-Backed

(Cost $190,116)

Total Bonds – 90.10%

(Cost $477,389,698)

460,499,870

Issues

Shares

Value

COMMON STOCK — 0.87%

Electric — 0.84%

Homer City Holdings LLC^3,4,5,6

502,908

4,274,718

Energy — 0.03%

Sabine Oil & Gas Holdings, Inc.^3,4,5,6

3,587

163,209

Secured Assets — 0.00%

Entegra TC LLC^4,5,6,7

28,545

—

Total Common Stock

(Cost $30,886,763)

4,437,927

WARRANT — 0.01%

Energy — 0.01%

Sabine Oil & Gas Holdings, Inc. Warrant Tranche 1^3,4,5,6

11,172

47,481

Sabine Oil & Gas Holdings, Inc. Warrant Tranche 2^4,5,6

2,347

7,334

54,815

Total Warrant

(Cost $2,595,507)

Issues

Maturity
Date

Principal

Amount/
Shares

Value

SHORT-TERM INVESTMENTS — 9.35%

Money Market Funds — 1.38%

Morgan Stanley Institutional Liquidity Funds-Government Portfolio

2.30%⁸

7,059,000

U.S. Treasury Bills — 7.97%

U.S. Treasury Bills

2.38%⁹

02/19/19

15,000,000

14,952,625

2.38%^9,10

03/28/19

870,000

865,139


Issues	Maturity Date		Principal Amount/ Shares		Value
SHORT-TERM INVESTMENTS (continued)
U.S. Treasury Bills (continued)
2.44%⁹		04/18/19	$	6,067,000	$	6,024,328
2.45%⁹		04/25/19		19,000,000		18,856,792


						40,698,884


Total Short-Term Investments
(Cost $47,755,411)						47,757,884


Total Investments – 100.33%
(Cost $558,627,379)						512,750,496


Liabilities in Excess of Other
Assets – (0.33)%						(1,677,519	)


Net Assets – 100.00%					$	511,072,977

¹	Floating rate security. The rate disclosed was in effect at December 31, 2018.

²	U.S. dollar-denominated security issued by foreign-domiciled entity.

³	Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

⁴	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

⁵	Illiquid security as determined under procedures approved by the Board of Trustees. The aggregate value of illiquid securities is $4,890,205, which is 0.96% of total net assets.

⁶	Non-income producing security.

⁷	All or a portion of this security is owned by Metropolitan West HY Sub I LLC, a consolidated subsidiary.

⁸	Represents the current yield as of December 31, 2018.

⁹	Represents annualized yield at date of purchase.

¹⁰	Securities, or a portion thereof, pledged as collateral for futures. The total market value of collateral pledged is $865,206.

*	Securities with a call or reset feature will have an effective maturity date sooner than the stated maturity.

**	Securities backed by mortgage or consumer loans where payment is periodically made will have an effective maturity date sooner than the stated maturity date.

(LIBOR): London InterBank Offer Rate

(MTN): Medium-term note

(GMTN): Global medium-term note

(USD): U.S. dollar


Issues	Maturity Date			Principal Amount		Value
BONDS – 97.39%
ASSET-BACKED SECURITIES — 6.91%**
Academic Loan Funding Trust, Series 2012-1A, Class A2
(LIBOR USD 1-Month plus 1.10%)
3.61%		12/27/44	^1,2	$	842,497	$	847,603
Barings CLO Ltd., Series 2013-IA, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.80%)
3.27%		01/20/28	^1,2,3		1,315,000		1,296,055
Bayview Commercial Asset Trust, Series 2004-3, Class A1
(LIBOR USD 1-Month plus 0.56%)
3.06%		01/25/35	^1,2		476,795		471,674
Brazos Higher Education Authority, Inc., Series 2005-3, Class A16
(LIBOR USD 3-Month plus 0.20%)
3.02%		06/25/26	¹		165,898		164,369
Brazos Higher Education Authority, Inc., Series 2010-1, Class A2
(LIBOR USD 3-Month plus 1.20%)
3.88%		02/25/35	¹		650,000		665,441
Brazos Higher Education Authority, Inc., Series 2011-2, Class A3
(LIBOR USD 3-Month plus 1.00%)
3.49%		10/27/36	¹		930,000		941,535
CIT Education Loan Trust, Series 2007-1, Class A
(LIBOR USD 3-Month plus 0.09%)
2.91%		03/25/42	^1,2		293,316		283,287
Dryden 71 CLO Ltd., Series 2018-71A, Class A (Cayman Islands)
(LIBOR USD 3-Month plus 1.15%)
0.00%		01/15/29	^1,2,3,^†		1,700,000		1,700,028
Dryden XXVI Senior Loan Fund, Series 2013-26A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.90%)
3.34%		04/15/29	^1,2,3		1,785,000		1,767,514
Educational Funding of the South, Inc., Series 2011-1, Class A2
(LIBOR USD 3-Month plus 0.65%)
3.14%		04/25/35	¹		327,686		327,133
GCO Education Loan Funding Trust, Series 2006-2AR, Class A1RN
(LIBOR USD 1-Month plus 0.65%)
2.97%		08/27/46	^1,2		810,462		773,330
Global SC Finance II SRL, Series 2014-1A, Class A2 (Barbados)
3.09%		07/17/29	^2,3		935,208		917,724
Higher Education Funding I, Series 2014-1, Class A
(LIBOR USD 3-Month plus 1.05%)


Issues	Maturity Date			Principal Amount		Value
ASSET-BACKED SECURITIES (continued)
3.74%		05/25/34	^1,2	$	1,190,952	$	1,201,621
J.G. Wentworth XXX LLC, Series 2013-3A, Class A
4.08%		01/17/73	²		479,344		491,124
J.G. Wentworth XXXII LLC, Series 2014-2A, Class A
3.61%		01/17/73	²		884,350		872,899
LCM XX LP, Series 20A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 1.04%)
3.38%		10/20/27	^1,2,3		1,700,000		1,683,739
Magnetite XI Ltd., Series 2014-11A, Class A1R (Cayman Islands)
(LIBOR USD 3-Month plus 1.12%)
3.56%		01/18/27	^1,2,3		2,400,000		2,393,376
Navient Student Loan Trust, Series 2014-1, Class A3
(LIBOR USD 1-Month plus 0.51%)
3.02%		06/25/31	¹		2,448,080		2,437,474
Navient Student Loan Trust, Series 2014-3, Class A
(LIBOR USD 1-Month plus 0.62%)
3.13%		03/25/83	¹		1,955,676		1,935,841
Navient Student Loan Trust, Series 2014-4, Class A
(LIBOR USD 1-Month plus 0.62%)
3.13%		03/25/83	¹		1,816,275		1,794,942
Navient Student Loan Trust, Series 2014-8, Class A3
(LIBOR USD 1-Month plus 0.60%)
3.11%		05/27/49	¹		4,710,000		4,733,529
Navient Student Loan Trust, Series 2016-2A, Class A3
(LIBOR USD 1-Month plus 1.50%)
4.01%		06/25/65	^1,2		1,640,000		1,697,291
Nelnet Student Loan Trust, Series 2011-1A, Class A
(LIBOR USD 1-Month plus 0.85%)
3.36%		02/25/48	^1,2		1,148,884		1,159,296
Nelnet Student Loan Trust, Series 2014-4A, Class A2
(LIBOR USD 1-Month plus 0.95%)
3.46%		11/25/48	^1,2		1,370,000		1,379,603
SLC Student Loan Trust, Series 2004-1, Class B
(LIBOR USD 3-Month plus 0.29%)
2.91%		08/15/31	¹		172,682		163,546
SLC Student Loan Trust, Series 2008-1, Class A4A
(LIBOR USD 3-Month plus 1.60%)
4.39%		12/15/32	¹		392,315		402,089


Issues	Maturity Date			Principal Amount		Value
ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Series 2004-2, Class B
(LIBOR USD 3-Month plus 0.47%)
2.96%		07/25/39	¹	$	206,469	$	194,913
SLM Student Loan Trust, Series 2006-8, Class A6
(LIBOR USD 3-Month plus 0.16%)
2.65%		01/25/41	¹		925,000		901,046
SLM Student Loan Trust, Series 2008-2, Class B
(LIBOR USD 3-Month plus 1.20%)
3.69%		01/25/83	¹		160,000		153,070
SLM Student Loan Trust, Series 2008-3, Class B
(LIBOR USD 3-Month plus 1.20%)
3.69%		04/26/83	¹		160,000		156,834
SLM Student Loan Trust, Series 2008-4, Class B
(LIBOR USD 3-Month plus 1.85%)
4.34%		04/25/73	¹		160,000		164,604
SLM Student Loan Trust, Series 2008-5, Class B
(LIBOR USD 3-Month plus 1.85%)
4.34%		07/25/73	¹		2,210,000		2,265,269
SLM Student Loan Trust, Series 2008-6, Class A4
(LIBOR USD 3-Month plus 1.10%)
3.59%		07/25/23	¹		2,416,333		2,436,180
SLM Student Loan Trust, Series 2008-6, Class B
(LIBOR USD 3-Month plus 1.85%)
4.34%		07/26/83	¹		160,000		163,697
SLM Student Loan Trust, Series 2008-7, Class B
(LIBOR USD 3-Month plus 1.85%)
4.34%		07/26/83	¹		160,000		163,248
SLM Student Loan Trust, Series 2008-8, Class B
(LIBOR USD 3-Month plus 2.25%)
4.74%		10/25/75	¹		160,000		168,012
SLM Student Loan Trust, Series 2008-9, Class A
(LIBOR USD 3-Month plus 1.50%)
3.99%		04/25/23	¹		1,603,457		1,613,085
SLM Student Loan Trust, Series 2008-9, Class B
(LIBOR USD 3-Month plus 2.25%)
4.74%		10/25/83	¹		1,860,000		1,938,575
SLM Student Loan Trust, Series 2009-3, Class A
(LIBOR USD 1-Month plus 0.75%)
3.26%		01/25/45	^1,2		3,842,000		3,824,531


Issues	Maturity Date			Principal Amount		Value
ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Series 2011-2, Class A2
(LIBOR USD 1-Month plus 1.20%)
3.71%		10/25/34	¹	$	500,000	$	510,094
SLM Student Loan Trust, Series 2012-7, Class A3
(LIBOR USD 1-Month plus 0.65%)
3.16%		05/26/26	¹		705,480		697,640
Structured Receivables Finance LLC, Series 2010-A, Class B
7.61%		01/16/46	^2,^†		560,165		639,971
Student Loan Consolidation Center Student Loan Trust I, Series 2002-2, Class B2 (28 Day Auction Rate plus 0.00%)0
1.61%		07/01/42	^1,2		650,000		519,756


Total Asset-Backed Securities
(Cost $48,738,931)							49,012,588


BANK LOANS — 0.74%*
Communications — 0.11%
CSC Holdings LLC, Term Loan
(LIBOR plus 2.25%)
4.75%		01/15/26	¹		360,000		342,000
Intelsat Jackson Holdings SA, Term Loan B5 (Luxembourg)
6.63%		01/02/24	³		225,000		222,413
Lamar Media Corp., Term Loan B
(LIBOR plus 1.75%)
4.31%		03/14/25	¹		198,500		193,702
Sprint Communications, Inc., Term Loan
(LIBOR plus 2.50%)
5.06%		02/02/24	¹		54,722		52,214


							810,329

Consumer Discretionary — 0.06%
Reynolds Group Holdings, Inc., Term Loan
(LIBOR plus 2.75%)
5.27%		02/05/23	¹		439,898		420,573

Energy — 0.05%
Energy Transfer Equity LP, Term Loan
(LIBOR plus 2.00%)
4.52%		02/02/24	¹		265,000		259,273
Vistra Operations Co., LLC, Term Loan B1
(LIBOR plus 2.00%)
4.52%		08/04/23	¹		120,424		116,393


							375,666

Finance — 0.29%
Avolon TLB Borrower 1 (US) LLC, Term Loan
B3


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Finance (continued)
(LIBOR plus 2.00%)
4.47%		01/15/25	¹	$	138,441	$	133,409
Delos Finance SARL, Term Loan
(LIBOR plus 1.75%)
4.55%		10/06/23	¹		1,980,136		1,931,623


							2,065,032

Gaming — 0.01%
Churchill Downs, Inc., Term Loan B
(LIBOR plus 2.00%)
4.53%		12/27/24	¹		54,724		52,877

Health Care — 0.07%
Change Healthcare Holdings LLC, Term Loan
(LIBOR plus 2.75%)
5.27%		03/01/24	¹		249,352		237,300
Gentiva Health Services, Inc., Term Loan, 1st Lien
(LIBOR plus 3.75%)
6.31%		07/02/25	¹		29,925		29,102
MPH Acquisition Holdings LLC, Term Loan
(LIBOR plus 2.75%)
5.55%		06/07/23	¹		250,000		237,674


							504,076

Industrials — 0.04%
Tyco International Holdings SARL, Term Loan
(LIBOR plus 1.25%)
4.16%		03/02/20	^1,4,5		291,200		290,108
Information Technology — 0.11%
Dell International LLC, Term Loan A2
(LIBOR plus 1.75%)
4.28%		09/07/21	¹		475,000		462,631
SS&C Technologies, Inc., Term Loan B3
(LIBOR plus 2.25%)
4.77%		04/16/25	¹		213,615		202,172
SS&C Technologies, Inc., Term Loan B4
(LIBOR plus 2.25%)
4.77%		04/16/25	¹		81,027		76,687


							741,490


Total Bank Loans
(Cost $5,384,597)							5,260,151


Issues	Maturity Date			Principal Amount		Value
CORPORATES — 36.98%*
Automotive — 0.12%
General Motors Co.
4.88%		10/02/23		$	845,000	$	847,800

Banking — 6.23%
Bank of America Corp.
2.74%		01/23/22	⁶		1,745,000		1,719,029
3.00%		12/20/23	⁶		906,000		881,128
3.71%		04/24/28	⁶		605,000		580,611
Bank of America Corp. (GMTN)
2.37%		07/21/21	⁶		1,605,000		1,577,643
3.59%		07/21/28	⁶		440,000		417,140
Bank of America Corp. (MTN)
3.09%		10/01/25	⁶		1,795,000		1,703,328
4.13%		01/22/24			955,000		968,672
4.27%		07/23/29	⁶		820,000		819,645
Bank of America Corp., Series L
2.60%		01/15/19			115,000		114,978
Bank of New York Mellon Corp. (The) (MTN)
2.50%		04/15/21			1,049,000		1,034,832
2.60%		02/07/22			635,000		623,039
3.25%		09/11/24			355,000		349,002
JPMorgan Chase & Co.
2.55%		10/29/20			4,440,000		4,390,647
3.22%		03/01/25	⁶		1,960,000		1,895,602
4.02%		12/05/24	⁶		1,770,000		1,785,270
JPMorgan Chase Bank N.A. (BKNT)
2.60%		02/01/21	⁶		2,655,000		2,637,207
(LIBOR USD 3-Month plus 0.25%)
2.87%		02/13/20	¹		3,055,000		3,051,453
Lloyds Banking Group PLC (United Kingdom)
2.91%		11/07/23	^3,6		1,465,000		1,386,565
Santander UK Group Holdings PLC (United Kingdom)
2.88%		10/16/20	³		1,015,000		1,000,882
Santander UK PLC (United Kingdom)
2.50%		03/14/19	³		780,000		779,879
3.40%		06/01/21	³		1,650,000		1,642,515
State Street Corp.
3.78%		12/03/24	⁶		355,000		356,399
US Bank N.A. (BKNT)
3.40%		07/24/23			1,510,000		1,509,492
Wells Fargo & Co.
3.00%		04/22/26			640,000		596,081
3.00%		10/23/26			1,755,000		1,626,314
Wells Fargo & Co. (MTN)
2.63%		07/22/22			355,000		342,082
3.30%		09/09/24			2,975,000		2,881,622
Wells Fargo Bank N.A. (BKNT)
2.40%		01/15/20			3,900,000		3,866,306


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Banking (continued)
3.33%		07/23/21	⁶	$	1,520,000	$	1,518,861
3.63%		10/22/21			2,145,000		2,158,550


							44,214,774

Communications — 2.78%
AT&T, Inc.
3.40%		05/15/25			1,950,000		1,835,803
3.80%		03/15/22			1,170,000		1,174,289
CCO Holdings LLC/CCO Holdings Capital Corp.
5.13%		05/01/27	²		226,000		210,777
Charter Communications Operating LLC/Charter Communications Operating Capital
3.75%		02/15/28			450,000		407,845
4.91%		07/23/25			1,500,000		1,494,689
Clear Channel International BV (Netherlands)
8.75%		12/15/20	^2,3		142,000		143,597
Comcast Corp.
3.95%		10/15/25			1,700,000		1,721,617
CSC Holdings LLC
5.50%		05/15/26	²		350,000		330,750
Intelsat Jackson Holdings SA (Luxembourg)
5.50%		08/01/23	³		132,000		115,500
8.50%		10/15/24	^2,3		235,000		227,509
9.75%		07/15/25	^2,3		350,000		352,730
Sprint Corp.
7.13%		06/15/24			47,000		46,663
7.63%		03/01/26			484,000		479,160
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC
3.36%		09/20/21	²		1,847,313		1,821,912
4.74%		03/20/25	²		780,000		767,325
5.15%		03/20/28	²		750,000		738,750
T-Mobile USA, Inc.
4.50%		02/01/26			172,000		159,960
4.75%		02/01/28			118,000		106,938
6.50%		01/15/24			367,000		376,175
Verizon Communications, Inc.
2.95%		03/15/22			775,000		767,416
3.38%		02/15/25			340,000		330,390
3.50%		11/01/24			1,268,000		1,251,481
4.33%		09/21/28			468,000		470,147
Viacom, Inc.
4.25%		09/01/23			1,000,000		1,003,525
Vodafone Group PLC (United Kingdom)
4.38%		05/30/28	³		750,000		728,936
(LIBOR USD 3-Month plus 0.99%)
3.43%		01/16/24	^1,3		500,000		488,079


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Communications (continued)
Warner Media LLC
3.55%		06/01/24		$	800,000	$	768,340
3.88%		01/15/26			1,500,000		1,434,817


							19,755,120

Consumer Discretionary — 1.02%
Anheuser-Busch Cos LLC/Anheuser-Busch InBev Worldwide, Inc.
3.65%		02/01/26	²		1,565,000		1,480,874
Bacardi Ltd. (Bermuda)
4.70%		05/15/28	^2,3		720,000		693,199
BAT Capital Corp.
2.76%		08/15/22			715,000		675,904
Central Garden & Pet Co.
5.13%		02/01/28			278,000		250,200
Constellation Brands, Inc.
2.00%		11/07/19			1,950,000		1,926,383
First Quality Finance Co., Inc.
5.00%		07/01/25	²		171,000		153,473
Reckitt Benckiser Treasury Services PLC (United Kingdom)
2.75%		06/26/24	^2,3		1,595,000		1,508,596
Reynolds American, Inc.
4.45%		06/12/25			355,000		342,776
Spectrum Brands, Inc.
5.75%		07/15/25			225,000		214,245


							7,245,650

Consumer Products — 0.10%
Newell Brands, Inc.
3.85%		04/01/23			750,000		730,859


Electric — 2.51%
AEP Texas, Inc.
3.85%		10/01/25	²		1,150,000		1,142,772
Consolidated Edison Co. of New York, Inc., Series D
4.00%		12/01/28			750,000		769,993
Duquesne Light Holdings, Inc.
5.90%		12/01/21	²		395,000		418,189
6.40%		09/15/20	²		1,843,000		1,920,854
Entergy Corp.
4.00%		07/15/22			955,000		958,860
Entergy Mississippi LLC
3.10%		07/01/23			1,435,000		1,413,892
Kansas City Power & Light Co.
3.65%		08/15/25			640,000		640,493
KCP&L Greater Missouri Operations Co.
8.27%		11/15/21			1,775,000		1,948,956


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Electric (continued)
Metropolitan Edison Co.
4.00%		04/15/25	²	$	770,000	$	787,135
7.70%		01/15/19			390,000		390,579
Nevada Power Co.
7.13%		03/15/19			1,560,000		1,573,053
NextEra Energy Capital Holdings, Inc.
(LIBOR USD 3-Month plus 0.55%)
3.26%		08/28/21	¹		1,635,000		1,614,895
Public Service Co. of New Mexico
3.85%		08/01/25			1,405,000		1,388,377
Southwestern Electric Power Co.
3.55%		02/15/22			955,000		957,488
Texas-New Mexico Power Co.
9.50%		04/01/19	²		1,405,000		1,428,100
Tucson Electric Power Co.
3.85%		03/15/23			445,000		447,622


							17,801,258

Energy — 2.80%
Brooklyn Union Gas Co. (The)
3.41%		03/10/26	²		2,555,000		2,483,450
Diamondback Energy, Inc.
4.75%		11/01/24			210,000		203,175
Energy Transfer LP
5.50%		06/01/27			71,000		69,403
Energy Transfer Operating LP
4.05%		03/15/25			1,000,000		939,245
4.90%		02/01/24			1,000,000		1,007,953
Energy Transfer Partners LP/Regency Energy Finance Corp.
4.50%		11/01/23			1,000,000		998,125
5.00%		10/01/22			235,000		239,759
Florida Gas Transmission Co. LLC
7.90%		05/15/19	²		1,170,000		1,188,625
Kinder Morgan, Inc.
4.30%		03/01/28			1,500,000		1,474,538
Matador Resources Co.
5.88%		09/15/26			225,000		208,125
NiSource, Inc.
2.65%		11/17/22			970,000		934,911
Petroleos Mexicanos (Mexico)
2.00%		12/20/22	³		1,200,000		1,179,774
5.35%		02/12/28	³		355,000		310,625
6.50%		01/23/29	³		715,000		667,024
Plains All American Pipeline LP/PAA Finance Corp.
3.85%		10/15/23			235,000		226,413
4.65%		10/15/25			780,000		766,693


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Energy (continued)
Ruby Pipeline LLC
6.00%		04/01/22	²	$	819,886	$	843,033
Sabine Pass Liquefaction LLC
5.75%		05/15/24			1,066,000		1,109,879
Spectra Energy Partners LP
4.75%		03/15/24			1,500,000		1,538,366
TC PipeLines LP
4.65%		06/15/21			2,010,000		2,046,763
Williams Cos., Inc. (The)
3.35%		08/15/22			480,000		469,861
3.60%		03/15/22			947,000		929,900


							19,835,640

Finance — 6.76%
Air Lease Corp.
2.13%		01/15/20			1,170,000		1,153,385
3.38%		01/15/19			780,000		779,743
American Express Credit Corp. (MTN)
2.20%		03/03/20			3,800,000		3,759,790
Citibank N.A. (BKNT)
3.40%		07/23/21			1,520,000		1,522,469
Durrah MSN 35603 (Cayman Islands)
1.68%		01/22/25	³		3,487,404		3,373,986
Ford Motor Credit Co. LLC
2.02%		05/03/19			1,560,000		1,550,306
2.34%		11/02/20			1,065,000		1,022,511
2.43%		06/12/20			835,000		813,343
3.22%		01/09/22			500,000		469,864
5.88%		08/02/21			1,000,000		1,026,179
GE Capital International Funding Co. (Ireland)
2.34%		11/15/20	³		1,730,000		1,669,668
General Motors Financial Co., Inc.
2.40%		05/09/19			1,560,000		1,554,272
Goldman Sachs Group, Inc. (The)
2.55%		10/23/19			2,730,000		2,715,472
2.75%		09/15/20			1,275,000		1,262,338
3.27%		09/29/25	⁶		1,080,000		1,013,261
3.69%		06/05/28	⁶		775,000		725,950
4.22%		05/01/29	⁶		355,000		342,677
Goldman Sachs Group, Inc. (The) (MTN)
3.85%		07/08/24			1,770,000		1,727,212
Morgan Stanley
(LIBOR USD 3-Month plus 0.93%)
3.40%		07/22/22	¹		1,180,000		1,164,015
Morgan Stanley, Series 3NC2
(LIBOR USD 3-Month plus 0.80%)
3.41%		02/14/20	¹		5,460,000		5,460,238


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Finance (continued)
Nationwide Building Society (United Kingdom)
3.77%		03/08/24	^2,3,6	$	710,000	$	683,979
Protective Life Global Funding
1.72%		04/15/19	²		1,405,000		1,399,432
2.70%		11/25/20	²		2,430,000		2,407,152
Raymond James Financial, Inc.
3.63%		09/15/26			250,000		235,984
5.63%		04/01/24			1,950,000		2,111,115
Safina Ltd. (Cayman Islands)
2.00%		12/30/23	³		6,114,931		5,976,428
Sandalwood 2013 LLC
2.90%		07/10/25			2,003,995		2,004,897


							47,925,666

Food — 1.20%
Campbell Soup Co.
(LIBOR USD 3-Month plus 0.50%)
3.29%		03/16/20	¹		1,000,000		991,279
Conagra Brands, Inc.
4.60%		11/01/25			1,400,000		1,406,434
General Mills, Inc.
4.20%		04/17/28			610,000		598,885
Kraft Heinz Foods Co.
3.00%		06/01/26			640,000		571,861
3.95%		07/15/25			1,245,000		1,206,567
Mondelez International Holdings
Netherlands BV (Netherlands)
1.63%		10/28/19	^2,3		3,005,000		2,968,769
Tyson Foods, Inc.
3.90%		09/28/23			750,000		749,759


							8,493,554

Health Care — 4.00%
AbbVie, Inc.
3.60%		05/14/25			1,747,000		1,678,047
Aetna, Inc.
3.50%		11/15/24			1,250,000		1,203,847
Allergan Funding SCS (Luxembourg)
3.85%		06/15/24	³		1,342,000		1,325,219
Allergan Sales LLC
5.00%		12/15/21	²		500,000		514,901
Anthem, Inc.
3.13%		05/15/22			1,950,000		1,922,866
Bausch Health Cos., Inc. (Canada)
5.50%		11/01/25	^2,3		150,000		140,438
5.88%		05/15/23	^2,3		358,000		331,598
Baxalta, Inc.
2.88%		06/23/20			325,000		322,211


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Health Care (continued)
Bayer U.S. Finance II LLC
4.38%		12/15/28	²	$	1,500,000	$	1,430,182
Bayer U.S. Finance LLC
2.38%		10/08/19	²		780,000		775,658
3.38%		10/08/24	²		1,000,000		946,984
Baylor Scott & White Holdings
2.65%		11/15/26			1,475,000		1,370,304
Becton Dickinson and Co.
2.89%		06/06/22			820,000		797,171
3.73%		12/15/24			1,250,000		1,209,085
Celgene Corp.
3.45%		11/15/27			500,000		455,848
3.88%		08/15/25			1,595,000		1,537,657
CHS/Community Health Systems, Inc.
8.63%		01/15/24	²		90,000		89,325
Cigna Corp.
4.13%		11/15/25	²		1,285,000		1,285,094
Cigna Holding Co.
3.05%		10/15/27			1,285,000		1,167,040
CVS Health Corp.
4.00%		12/05/23			2,030,000		2,041,081
Elanco Animal Health, Inc.
3.91%		08/27/21	²		1,000,000		1,006,851
Eli Lilly & Co.
2.75%		06/01/25			350,000		337,420
Fresenius Medical Care U.S. Finance II, Inc.
5.63%		07/31/19	²		1,091,000		1,103,443
Gilead Sciences, Inc.
3.50%		02/01/25			1,430,000		1,412,252
HCA, Inc.
5.25%		04/15/25			296,000		295,260
6.50%		02/15/20			695,000		714,113
Hologic, Inc.
4.63%		02/01/28	²		200,000		181,300
Humana, Inc.
3.95%		03/15/27			845,000		826,981
Shire Acquisitions Investments Ireland DAC (Ireland)
1.90%		09/23/19	³		390,000		384,603
Tenet Healthcare Corp.
4.38%		10/01/21			75,000		73,125
4.50%		04/01/21			514,000		500,508
UnitedHealth Group, Inc.
3.75%		07/15/25			805,000		815,579
Valeant Pharmaceuticals International, Inc. (Canada)
7.00%		03/15/24	^2,3		175,000		177,188


							28,373,179


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Industrials — 3.03%
Amcor Finance USA, Inc.
3.63%		04/28/26	²	$	1,950,000	$	1,842,604
BAE Systems Holdings, Inc.
3.80%		10/07/24	²		610,000		605,617
6.38%		06/01/19	²		1,500,000		1,518,443
Clean Harbors, Inc.
5.13%		06/01/21			380,000		380,000
Crane Co.
4.45%		12/15/23			1,100,000		1,129,162
General Electric Co. (GMTN)
2.20%		01/09/20			850,000		837,831
4.63%		01/07/21			2,080,000		2,087,032
General Electric Co. (MTN)
4.65%		10/17/21			1,430,000		1,435,861
5.55%		05/04/20			1,000,000		1,016,195
5.55%		01/05/26			1,060,000		1,052,949
(LIBOR USD 3-Month plus 0.48%)
3.10%		08/15/36	¹		1,000,000		690,034
Itron, Inc.
5.00%		01/15/26	²		100,000		91,750
L3 Technologies, Inc.
3.85%		06/15/23			1,250,000		1,256,409
Northrop Grumman Corp.
2.93%		01/15/25			2,440,000		2,318,438
3.20%		02/01/27			985,000		925,248
Packaging Corp. of America
2.45%		12/15/20			1,410,000		1,385,392
Siemens Financieringsmaatschappij NV (Netherlands)
2.00%		09/15/23	^2,3		1,275,000		1,193,636
Sydney Airport Finance Co. Pty Ltd. (Australia)
3.38%		04/30/25	^2,3		410,000		391,932
United Technologies Corp.
3.35%		08/16/21			605,000		603,187
Westrock Co.
4.65%		03/15/26	²		710,000		721,924


							21,483,644

Information Technology — 0.34%
Broadcom Corp./Broadcom Cayman Finance Ltd.
2.38%		01/15/20			1,755,000		1,733,459
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc.
5.75%		03/01/25	²		257,000		240,295
IQVIA, Inc.
5.00%		10/15/26	²		300,000		287,925


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Information Technology (continued)
Zayo Group LLC/Zayo Capital, Inc.
5.75%		01/15/27	²	$	200,000	$	179,000


							2,440,679

Insurance — 0.94%
Nationwide Mutual Insurance Co.
5.08%		12/15/24	^2,6		1,212,000		1,205,940
New York Life Global Funding
2.00%		04/13/21	²		1,275,000		1,242,601
Pricoa Global Funding I
2.55%		11/24/20	²		1,945,000		1,920,723
Principal Life Global Funding II
2.63%		11/19/20	²		2,340,000		2,320,906


							6,690,170

Materials — 0.18%
Axalta Coating Systems LLC
4.88%		08/15/24	²		250,000		237,500
International Flavors & Fragrances, Inc.
4.45%		09/26/28			800,000		813,359
Valvoline, Inc.
5.50%		07/15/24			250,000		245,125


							1,295,984

Real Estate Investment Trust (REIT) — 3.38%
Alexandria Real Estate Equities, Inc.
2.75%		01/15/20			1,170,000		1,161,149
4.60%		04/01/22			1,275,000		1,314,323
American Campus Communities Operating Partnership LP
3.35%		10/01/20			2,340,000		2,331,479
American Tower Corp.
2.80%		06/01/20			820,000		813,349
3.00%		06/15/23			355,000		341,905
CC Holdings GS V LLC/Crown Castle GS III Corp.
3.85%		04/15/23			190,000		188,237
GLP Capital LP/GLP Financing II, Inc.
5.25%		06/01/25			505,000		503,737
5.38%		04/15/26			1,373,000		1,361,343
5.75%		06/01/28			325,000		329,469
HCP, Inc.
4.00%		12/01/22			2,130,000		2,130,032
4.25%		11/15/23			1,210,000		1,213,320
Healthcare Trust of America Holdings LP
3.70%		04/15/23			920,000		906,742
MGM Growth Properties Operating Partnership LP/MGP Finance Co.-Issuer, Inc.
4.50%		01/15/28			300,000		264,000


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Real Estate Investment Trust (REIT) (continued)
Piedmont Operating Partnership LP
3.40%		06/01/23		$	1,210,000	$	1,172,826
Reckson Operating Partnership LP
7.75%		03/15/20			505,000		533,248
SL Green Operating Partnership LP
3.25%		10/15/22			1,320,000		1,276,673
(LIBOR USD 3-Month plus 0.98%)
3.61%		08/16/21	¹		1,000,000		996,101
UDR, Inc.
3.70%		10/01/20			2,000,000		2,008,549
Ventas Realty LP
3.25%		10/15/26			1,155,000		1,080,089
Ventas Realty LP/Ventas Capital Corp.
2.70%		04/01/20			800,000		793,431
WEA Finance LLC/Westfield UK & Europe Finance PLC
2.70%		09/17/19	²		1,750,000		1,741,070
Welltower, Inc.
3.75%		03/15/23			640,000		639,456
5.25%		01/15/22			820,000		852,987


							23,953,515

Retail — 0.24%
Alimentation Couche-Tard, Inc. (Canada)
3.55%		07/26/27	^2,3		640,000		598,704
BC ULC/New Red Finance, Inc. (Canada)
4.25%		05/15/24	^2,3		295,000		272,138
Home Depot, Inc. (The)
3.90%		12/06/28			355,000		363,105
Rite Aid Corp.
6.13%		04/01/23	²		585,000		464,344


							1,698,291

Services — 0.17%
IHS Markit Ltd. (Bermuda)
4.13%		08/01/23	³		1,205,000		1,194,215

Transportation — 1.18%
American Airlines Pass-Through Trust, Series 2013-2, Class A
4.95%		01/15/23			519,791		528,689
Continental Airlines Pass-Through Trust, Series 1999-1, Class A
6.55%		02/02/19			144,442		144,811
Continental Airlines Pass-Through Trust, Series 1999-2, Class A
7.26%		03/15/20			66,930		68,154
Continental Airlines Pass-Through Trust, Series 2007-1, Class A
5.98%		04/19/22			1,800,634		1,882,383


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Transportation (continued)
Continental Airlines Pass-Through Trust, Series 2009-2, Class A
7.25%		11/10/19		$	1,743,870	$	1,798,366
Delta Air Lines Pass-Through Trust, Series 2002-1, Class G1
6.72%		01/02/23			647,267		688,101
Northwest Airlines Pass-Through Trust, Series 2001-1, Class A1
7.04%		04/01/22			945,026		1,017,793
U.S. Airways Pass-Through Trust, Series 2001-1, Class G
7.08%		03/20/21			140,607		146,754
U.S. Airways Pass-Through Trust, Series 2011-1, Class A
7.13%		10/22/23			607,049		663,055
U.S. Airways Pass-Through Trust, Series 2012-1, Class A
5.90%		10/01/24			409,390		435,579
U.S. Airways Pass-Through Trust, Series 2012-2, Class A
4.63%		06/03/25			349,547		355,062
Union Pacific Corp.
3.95%		09/10/28			620,000		621,627


							8,350,374


Total Corporates
(Cost $265,903,825)							262,330,372


MORTGAGE-BACKED — 15.83%**
Non-Agency Commercial
Mortgage-Backed — 1.30%
225 Liberty Street Trust, Series 2016-225L, Class A
3.60%		02/10/36	²		1,225,000		1,224,556
Banc of America Merrill Lynch Commercial Mortgage Trust, Series 2018-PARK, Class A
4.09%		08/10/38	^2,6		1,095,000		1,140,474
Citigroup Commercial Mortgage Trust, Series 2012-GC8, Class XA (IO)
1.80%		09/10/45	^2,6		6,287,786		314,469
CityLine Commercial Mortgage Trust, Series 2016-CLNE, Class A
2.78%		11/10/31	^2,6		1,085,000		1,064,234
Commercial Mortgage Trust, Series 2013-300P, Class A1
4.35%		08/10/30	²		1,160,000		1,219,523
Commercial Mortgage Trust, Series 2014-277P, Class A
3.61%		08/10/49	^2,6		1,265,000		1,281,938
Commercial Mortgage Trust, Series 2016-787S, Class A
3.55%		02/10/36	²		1,225,000		1,213,548


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Commercial Mortgage-Backed (continued)
RBS Commercial Funding, Inc., Trust, Series 2013-GSP, Class A
3.83%		01/15/32	^2,6	$	1,170,000	$	1,181,448
Wells Fargo Commercial Mortgage Trust, Series 2010-C1, Class A1
3.35%		11/15/43	²		585,791		586,410


							9,226,600

Non-Agency Mortgage-Backed — 6.46%
ACE Securities Corp. Home Equity Loan Trust, Series 2006-NC1, Class A1
(LIBOR USD 1-Month)
2.95%		12/25/35	¹		1,227,406		1,224,871
Ameriquest Mortgage Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-R8, Class M1
(LIBOR USD 1-Month)
3.47%		09/25/34	¹		629,845		631,115
Asset-Backed Securities Corp. Home Equity Loan Trust, Series 2004-HE9, Class M1
(LIBOR USD 1-Month)
3.48%		12/25/34	¹		520,104		509,000
Banc of America Funding Trust, Series 2003-2, Class 1A1
6.50%		06/25/32			2,193		2,309
Banc of America Funding Trust, Series 2015-R2, Class 9A1
(LIBOR USD 1-Month)
2.72%		03/27/36	^1,2		1,091,554		1,080,784
Bear Stearns ALT-A Trust, Series 2004-12, Class 1M1
(LIBOR USD 1-Month)
3.44%		01/25/35	¹		2,487,996		2,473,167
Chevy Chase Mortgage Funding LLC, Mortgage-Backed Certificates, Series 2005-2A, Class A1
(LIBOR USD 1-Month)
2.69%		05/25/36	^1,2		91,923		90,428
Citigroup Mortgage Loan Trust, Inc., Series 2004-HYB1, Class A41
3.49%		02/25/34	⁶		9,051		8,828
Conseco Finance Corp., Series 1996-7, Class M1
7.70%		09/15/26	⁶		253,546		270,285
Conseco Finance Corp., Series 1998-4, Class A5
6.18%		04/01/30			143,730		147,668
Conseco Finance Corp., Series 1998-6, Class A8
6.66%		06/01/30	⁶		246,209		256,777


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Conseco Finance Home Equity Loan Trust, Series 2002-C, Class BF2
8.00%		06/15/32	^2,6	$	134,848	$	139,502
Conseco Finance Securitizations Corp., Series 2001-4, Class A4
7.36%		08/01/32	⁶		60,907		62,092
CountryPlace Manufactured Housing Contract Trust, Series 2007-1, Class A4
5.85%		07/15/37	^2,6		539,327		547,822
Countrywide Home Loan Mortgage Pass-Through Trust, Series 2004-14, Class 4A1
3.89%		08/25/34	⁶		56,799		55,196
Credit Suisse Mortgage Capital, Series 2014-4R, Class 16A1
(LIBOR USD 1-Month)
2.52%		02/27/36	^1,2		247,817		247,625
Credit-Based Asset Servicing and Securitization LLC, Series 2003-CB3, Class AF1 (STEP-reset date 02/25/19)
3.38%		12/25/32			835,634		828,981
Credit-Based Asset Servicing and Securitization LLC, Series 2006-CB2, Class AF4 (STEP-reset date 02/25/19)
3.46%		12/25/36			486,059		428,501
Credit-Based Asset Servicing and Securitization LLC, Series 2007-CB5, Class A1
(LIBOR USD 1-Month)
2.38%		04/25/37	¹		147,757		105,537
Credit-Based Asset Servicing and Securitization LLC, Series 2007-CB5, Class A3
(LIBOR USD 1-Month)
2.57%		04/25/37	¹		1,755,736		1,290,877
First Franklin Mortgage Loan Trust, Series 2005-FFH4, Class M1
(LIBOR USD 1-Month)
2.99%		12/25/35	¹		3,191,185		3,194,896
First Horizon Alternative Mortgage Securities Trust, Series 2004-AA3, Class A1
4.22%		09/25/34	⁶		192,452		190,239
GSAA Home Equity Trust, Series 2005-9, Class 1A1
(LIBOR USD 1-Month)
2.79%		08/25/35	¹		68,915		68,856
HSI Asset Securitization Corp. Trust, 2005-OPT1, Class M1
(LIBOR USD 1-Month)
3.14%		11/25/35	¹		575,170		572,838
HSI Asset Securitization Corp. Trust, Series 2006-OPT1, Class 1A
(LIBOR USD 1-Month)


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
2.73%		12/25/35	¹	$	1,087,289	$	1,073,279
IndyMac Index Mortgage Loan Trust, Series 2004-AR8, Class 2A2A
(LIBOR USD 1-Month)
3.31%		11/25/34	¹		22,375		21,050
IndyMac Index Mortgage Loan Trust, Series 2007-AR11, Class 1A1
3.35%		06/25/37	⁶		931,899		766,505
IndyMac Manufactured Housing Contract Pass-Through Certificates, Series 1997-1, Class A3
6.61%		02/25/28			137,620		138,823
IndyMac Manufactured Housing Contract Pass-Through Certificates, Series 1997-1, Class A4
6.75%		02/25/28			36,636		37,023
IndyMac Manufactured Housing Contract Pass-Through Certificates, Series 1998-1, Class A4
6.49%		09/25/28			119,546		127,046
JPMorgan Mortgage Acquisition Trust, Series 2006-CH1, Class M2
(LIBOR USD 1-Month)
2.80%		07/25/36	¹		450,000		440,340
JPMorgan Mortgage Trust, Series 2007-A3, Class 3A2
3.78%		05/25/37	⁶		239,686		227,849
Lehman ABS Manufactured Housing Contract Trust, Series 2001-B, Class A4
5.27%		04/15/40			12,445		12,517
Lehman ABS Manufactured Housing Contract Trust, Series 2001-B, Class A5
5.87%		04/15/40			7,151		7,178
Lehman ABS Manufactured Housing Contract Trust, Series 2001-B, Class A6
6.47%		04/15/40	⁶		22,536		22,698
MASTR Adjustable Rate Mortgages Trust, Series 2003-6, Class 4A2
4.27%		01/25/34	⁶		82,727		81,650
MASTR Adjustable Rate Mortgages Trust, Series 2004-1, Class 2A1
4.87%		01/25/34	⁶		593		591
MASTR Seasoned Securitization Trust, Series 2004-1, Class 4A1
4.62%		10/25/32	⁶		1,093		1,109
MASTR Seasoned Securitization Trust, Series 2005-1, Class 4A1
4.53%		10/25/32	⁶		10,882		10,982
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-3, Class A2C
(LIBOR USD 1-Month)
2.69%		06/25/37	¹		492,792		362,575


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-3, Class A2D
(LIBOR USD 1-Month)
2.76%		06/25/37	¹	$	910,666	$	697,765
Mid-State Capital Corp., Series 2004-1, Class A
6.01%		08/15/37			340,264		366,910
Mid-State Capital Corp., Series 2004-1, Class B
8.90%		08/15/37			467,028		534,120
Mid-State Capital Corp., Series 2004-1, Class M1
6.50%		08/15/37			333,592		352,947
Mid-State Capital Corp., Series 2005-1, Class M2
7.08%		01/15/40			541,634		606,821
Mid-State Trust XI, Series 2011, Class A1
4.86%		07/15/38			728,232		768,626
Morgan Stanley ABS Capital I Trust, Series 2004-NC7, Class M2
(LIBOR USD 1-Month)
3.44%		07/25/34	¹		435,248		438,688
Morgan Stanley ABS Capital I Trust, Series 2006-NC1, Class A4
(LIBOR USD 1-Month)
2.81%		12/25/35	¹		1,263,423		1,259,882
New Century Home Equity Loan Trust, Series 2005-D, Class A1
(LIBOR USD 1-Month)
2.73%		02/25/36	¹		3,957,534		3,913,847
New York Mortgage Trust, Series 2005-3, Class A1
(LIBOR USD 1-Month)
2.99%		02/25/36	¹		1,351,139		1,343,007
Nomura Resecuritization Trust, Series 2014-7R, Class 2A3
(LIBOR USD 1-Month)
2.52%		12/26/35	^1,2		3,228,704		3,196,310
Option One Mortgage Loan Trust, Series 2005-2, Class M1
(LIBOR USD 1-Month)
3.17%		05/25/35	¹		211,548		211,494
Park Place Securities, Inc., Series 2005-WCW1, Class M1
(LIBOR USD 1-Month)
2.96%		09/25/35	¹		160,529		160,968
RBSSP Resecuritization Trust, Series 2009-6, Class 11A4
(LIBOR USD 1-Month)
2.74%		08/26/36	^1,2		141,615		141,882


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Residential Asset Mortgage Product Trust, Series 2003-SL1, Class A41
8.00%		04/25/31		$	18,112	$	19,704
Residential Asset Mortgage Products Trust, Series 2006-NC1, Class A3
(LIBOR USD 1-Month)
2.81%		01/25/36	¹		3,313,850		3,239,332
Residential Asset Securitization Trust, Series 2004-IP2, Class 2A1
4.38%		12/25/34	⁶		25,415		25,415
STRU TCW-1165 Coll
3.66%		02/01/29			3,535,000		3,581,825
STRU TCW-1166 Coll
3.64%		03/01/29			1,535,000		1,554,293
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-15, Class A
4.32%		10/25/34	⁶		1,442,164		1,359,829
Structured Asset Mortgage Investments II Trust, Series 2005-AR1, Class A1
(LIBOR USD 1-Month)
2.95%		04/19/35	¹		899,822		879,202
Structured Asset Mortgage Investments II Trust, Series 2005-AR8, Class A2 (Federal Reserve US 12-Month Cumulative Average)
2.61%		02/25/36	¹		628,411		617,279
Structured Asset Mortgage Investments II Trust, Series 2006-AR3, Class 22A1
3.82%		05/25/36	⁶		2,394,375		1,613,336
UCFC Home Equity Loan, Series 1998-D,
Class MF1
6.91%		04/15/30			13,894		14,183
WaMu Mortgage Pass-Through Certificates, Series 2002-AR18, Class A
4.73%		01/25/33	⁶		5,805		5,939
WaMu Mortgage Pass-Through Certificates, Series 2005-AR13, Class A1A3
(LIBOR USD 1-Month)
3.29%		10/25/45	¹		1,162,161		1,171,055


							45,834,068

U.S. Agency Commercial
Mortgage-Backed — 0.28%
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K084, Class A2
3.78%		10/25/28	⁶		1,920,000		1,987,117

U.S. Agency Mortgage-Backed — 7.79%
Fannie Mae Pool (TBA)
3.00%		01/01/34			165,000		164,716


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
Fannie Mae Pool 253974
7.00%		08/01/31		$	2,047	$	2,208
Fannie Mae Pool 254232
6.50%		03/01/22			2,830		2,945
Fannie Mae Pool 527247
7.00%		09/01/26			25		26
Fannie Mae Pool 545191
7.00%		09/01/31			1,146		1,246
Fannie Mae Pool 545646
7.00%		09/01/26			16		17
Fannie Mae Pool 549740
6.50%		10/01/27			5,260		5,651
Fannie Mae Pool 606108
7.00%		03/01/31			423		424
Fannie Mae Pool 630599
7.00%		05/01/32			5,374		6,102
Fannie Mae Pool 655928
7.00%		08/01/32			3,061		3,519
Fannie Mae Pool 735207
7.00%		04/01/34			1,317		1,479
Fannie Mae Pool 735646
4.50%		07/01/20			382		390
Fannie Mae Pool 735686
6.50%		12/01/22			2,061		2,101
Fannie Mae Pool 735861
6.50%		09/01/33			83,415		91,208
Fannie Mae Pool 764388
(LIBOR USD 6-Month)
3.90%		03/01/34	¹		27,753		29,164
Fannie Mae Pool 776708
5.00%		05/01/34			133,895		143,062
Fannie Mae Pool 817611
(LIBOR USD 6-Month)
4.08%		11/01/35	¹		6,725		7,087
Fannie Mae Pool 844773
(LIBOR USD 12-Month)
4.55%		12/01/35	¹		850		883
Fannie Mae Pool 889125
5.00%		12/01/21			17,181		17,293
Fannie Mae Pool 889184
5.50%		09/01/36			111,472		120,100
Fannie Mae Pool 890221
5.50%		12/01/33			171,888		185,328
Fannie Mae Pool 918445
(LIBOR USD 12-Month)
3.69%		05/01/37	¹		536		558
Fannie Mae Pool 939419
(LIBOR USD 12-Month)


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
3.64%		05/01/37	¹	$	40,176	$	42,186
Fannie Mae Pool AL0209
4.50%		05/01/41			431,077		453,061
Fannie Mae Pool AM6501
3.32%		08/01/26			2,000,000		2,016,553
Fannie Mae Pool AM7357
3.38%		12/01/29			2,338,044		2,336,287
Fannie Mae Pool AN0556
3.46%		12/01/30			2,396,271		2,408,644
Fannie Mae Pool BL0242
3.82%		11/01/30			1,900,000		1,946,495
Fannie Mae Pool BL0661
3.99%		11/01/33			3,575,182		3,701,389
Fannie Mae Pool CA1711
4.50%		05/01/48			3,333,285		3,453,474
Fannie Mae Pool MA1561
3.00%		09/01/33			1,841,404		1,832,436
Fannie Mae Pool MA1608
3.50%		10/01/33			1,699,686		1,725,247
Fannie Mae REMICS, Series 1989-25, Class G
6.00%		06/25/19			42		42
Fannie Mae REMICS, Series 1992-116, Class B
6.50%		06/25/22			5		5
Fannie Mae REMICS, Series 1993-80, Class S
(LIBOR USD 1-Month)
7.81%		05/25/23	¹		2,862		3,097
Fannie Mae REMICS, Series 2001-52, Class YZ
6.50%		10/25/31			106,102		118,551
Fannie Mae REMICS, Series 2007-64, Class FA
(LIBOR USD 1-Month)
2.98%		07/25/37	¹		67,475		68,050
Fannie Mae REMICS, Series 2008-50, Class SA (IO)
(LIBOR USD 1-Month)
3.54%		11/25/36	¹		1,314,857		173,793
Fannie Mae REMICS, Series 2018-55, Class PA
3.50%		01/25/47			234,642		236,869
Fannie Mae REMICS, Series 2018-86, Class JA
4.00%		05/25/47			1,501,340		1,547,576
Fannie Mae Trust, Series 2003-W6, Class 5T (IO)
(LIBOR USD 1-Month)
0.55%		09/25/42	¹		12,742,137		196,252


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
Freddie Mac Gold Pool (TBA)
3.50%		01/01/34		$	3,475,000	$	3,517,623
4.50%		01/01/49			4,875,000		5,046,387
Freddie Mac Gold Pool A25162
5.50%		05/01/34			140,341		150,410
Freddie Mac Gold Pool A33262
5.50%		02/01/35			44,423		48,112
Freddie Mac Gold Pool A68781
5.50%		10/01/37			9,630		10,535
Freddie Mac Gold Pool C03813
3.50%		04/01/42			1,123,612		1,132,522
Freddie Mac Gold Pool C90504
6.50%		12/01/21			322		334
Freddie Mac Gold Pool G01548
7.50%		07/01/32			268,584		309,411
Freddie Mac Gold Pool G01644
5.50%		02/01/34			88,905		95,955
Freddie Mac Gold Pool G02366
6.50%		10/01/36			61,936		70,038
Freddie Mac Gold Pool G08844
5.00%		10/01/48			1,087,572		1,140,517
Freddie Mac Gold Pool G11707
6.00%		03/01/20			81		82
Freddie Mac Gold Pool G12393
5.50%		10/01/21			38,472		39,207
Freddie Mac Gold Pool G12909
6.00%		11/01/22			81,073		84,246
Freddie Mac Gold Pool G13032
6.00%		09/01/22			37,442		38,516
Freddie Mac Gold Pool G16085
2.50%		02/01/32			2,663,977		2,602,348
Freddie Mac Gold Pool J06246
5.50%		10/01/21			12,933		13,129
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K158, Class A3
3.90%		10/25/33	⁶		1,250,000		1,285,928
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KW07, Class A1
3.60%		07/25/28			4,499,494		4,585,062
Freddie Mac REMICS, Series 1602, Class SN (Prime Rate)
10.09%		10/15/23	¹		14,290		15,339
Freddie Mac REMICS, Series 2174, Class PN
6.00%		07/15/29			36,662		39,429


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
Freddie Mac REMICS, Series 3460, Class SA (IO)
(LIBOR USD 1-Month)
3.74%		06/15/38	¹	$	1,300,086	$	171,587
Freddie Mac REMICS, Series 4030, Class HS (IO)
(LIBOR USD 1-Month)
4.15%		04/15/42	¹		1,146,221		164,526
Ginnie Mae I Pool 782810
4.50%		11/15/39			892,589		946,981
Ginnie Mae II Pool (TBA)
4.00%		01/20/49			1,870,000		1,914,851
4.50%		01/20/49			2,660,000		2,752,840
Ginnie Mae II Pool 80968
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year)
3.75%		07/20/34	¹		24,806		25,435
Ginnie Mae II Pool MA4588
4.50%		07/20/47			664,354		688,875
Ginnie Mae II Pool MA4589
5.00%		07/20/47			3,367,305		3,509,549
Ginnie Mae II Pool MA4838
4.00%		11/20/47			1,753,062		1,797,489
Ginnie Mae, Series 2004-8, Class SE
(LIBOR USD 1-Month)
9.67%		11/26/23	¹		24,999		27,137


							55,269,914

Total Mortgage-Backed
(Cost $111,144,461)							112,317,699


MUNICIPAL BONDS — 1.89%*
California — 0.73%
State of California, Build America Bonds
7.95%		03/01/36			2,750,000		2,903,973
University of California, Taxable Revenue Bonds, Series AJ
4.60%		05/15/31			2,110,000		2,268,904


							5,172,877

Massachusetts — 0.37%
Commonwealth of Massachusetts, Build America Bonds, Series D
4.50%		08/01/31			2,450,000		2,625,861

New York — 0.79%
City of New York, Build America Bonds
5.05%		10/01/24			1,000,000		1,090,500


Issues	Maturity Date			Principal Amount		Value
MUNICIPAL BONDS (continued)
New York (continued)
New York City Transitional Finance Authority
Revenue, Future Tax Secured Revenue, Qualified School Construction Bonds
5.01%		08/01/27		$	2,000,000	$	2,211,260
New York City Transitional Finance Authority Revenue, Future Tax Secured Revenue, Qualified School Construction Bonds, Series G-3
5.27%		05/01/27			1,400,000		1,571,038
New York State Urban Development Corp.,
Personal Income Tax, Series SE
3.20%		03/15/22			700,000		704,851


							5,577,649

Total Municipal Bonds
(Cost $13,672,342)							13,376,387


U.S. TREASURY SECURITIES — 35.04%
U.S. Treasury Notes — 35.04%
U.S. Treasury Notes
2.63%		12/31/23			16,870,000		16,959,951
2.75%		09/30/20			43,740,000		43,911,714
2.88%		09/30/23			27,820,000		28,275,196
2.88%		10/31/23			120,865,000		122,899,501
U.S. Treasury Notes - Treasury Inflation Indexed Notes
0.13%		07/15/24	⁷		1,863,593		1,787,571
0.38%		07/15/25	⁷		1,615,384		1,558,341
U.S. Treasury Notes (WI)
3.13%		11/15/28			32,005,000		33,203,312

Total U.S. Treasury Securities
(Cost $243,880,173)							248,595,586


Total Bonds – 97.39%
(Cost $688,724,329)							690,892,783



Issues				Shares		Value
COMMON STOCK — 0.01%
Electric — 0.01%

Homer City Holdings LLC^2,4,5					8,014		68,119

Total Common Stock
(Cost $457,400)


Issues	Maturity Date		Principal Amount/ Shares		Value
SHORT-TERM INVESTMENTS — 5.61%
Commercial Paper — 0.19%
Ford Motor Credit Co.
3.07%⁸		04/04/19	$	1,355,000	$	1,343,190

Foreign Government Obligations — 1.52%
Japan Treasury Discount Bill, Series 786 (Japan)
0.00%^3,8		01/09/19		385,000,000		3,509,158
Japan Treasury Discount Bill, Series 791 (Japan)
0.00%^3,8		01/28/19		400,000,000		3,646,145
Japan Treasury Discount Bill, Series 793 (Japan)
0.00%^3,8		02/12/19		400,000,000		3,646,353


						10,801,656


Money Market Funds — 1.78%
Fidelity Investments Money Market Funds - Government Portfolio
2.24%⁹				18		18
Morgan Stanley Institutional Liquidity Funds-Government Portfolio
2.30%⁹				12,612,000		12,612,000


						12,612,018


U.S. Treasury Bills — 2.12%
U.S. Treasury Bills
2.37%⁸		04/04/19	$	6,000,000		5,962,874
2.38%⁸		02/19/19		5,000,000		4,984,208
2.38%^8,10		03/28/19		1,159,000		1,152,525
2.44%⁸		04/25/19		3,000,000		2,977,388


						15,076,995


Total Short-Term Investments
(Cost $39,509,940)						39,833,859


Total Investments – 103.01%
(Cost $728,691,669)						730,794,761


Liabilities in Excess of Other
Assets – (3.01)%						(21,350,645	)


Net Assets – 100.00%					$	709,444,116

¹	Floating rate security. The rate disclosed was in effect at December 31, 2018.

²	Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

³	U.S. dollar-denominated security issued by foreign-domiciled entity.

⁴	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

⁵	Illiquid security as determined under procedures approved by the Board of Trustees. The aggregate value of illiquid securities is $358,227, which is 0.05% of total net assets.

⁶	Variable rate security. Interest rate disclosed is as of the most recent information available. 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.

⁷	Inflation protected security. Principal amount reflects original security face amount.

⁸	Represents annualized yield at date of purchase.

⁹	Represents the current yield as of December 31, 2018.

¹⁰	Securities, or a portion thereof, pledged as collateral for futures. The total market value of collateral pledged is $1,152,614.

†

Fair valued security. The aggregate value of fair valued securities is $2,339,999, which is 0.33% of total net assets. These securities were not valued utilizing an independent quote but were valued pursuant to guidelines established by the Board of Trustees. This figure represents securities that are priced using a benchmark pricing system and securities that have been deemed permanently stale. See Notes to Financial Statements.

*	Securities with a call or reset feature will have an effective maturity date sooner than the stated maturity.

**	Securities backed by mortgage or consumer loans where payment is periodically made will have an effective maturity date sooner than the stated maturity date.

(BKNT): Banker’s Note, Inc.

(CLO): Collateralized loan obligation

(GMTN): Global medium-term note

(IO): Interest only

(JPY): Japanese Yen

(LIBOR): London InterBank Offer Rate

(MTN): Medium-term note

(STEP): Step coupon bond

(TBA): To be announced

(USD): U.S. dollar

(WI): When issued


Issues	Maturity Date			Principal Amount		Value
BONDS – 97.71%
ASSET-BACKED SECURITIES — 9.50%**
CarMax Auto Owner Trust, Series 2016-2, Class B
2.16%		12/15/21		$	30,000	$	29,661
J.G. Wentworth XXX LLC, Series 2013-3A, Class A
4.08%		01/17/73	¹		42,926		43,981
Navient Student Loan Trust, Series 2014-2, Class A
(LIBOR USD 1-Month plus 0.64%)
3.15%		03/25/83	²		90,849		90,437
SLC Student Loan Trust, Series 2006-1, Class A6
(LIBOR USD 3-Month plus 0.16%)
2.95%		03/15/55	²		60,000		57,004
SLM Student Loan Trust, Series 2008-5, Class B
(LIBOR USD 3-Month plus 1.85%)
4.34%		07/25/73	²		15,000		15,375
SLM Student Loan Trust, Series 2008-6, Class A4
(LIBOR USD 3-Month plus 1.10%)
3.59%		07/25/232			43,149		43,503
SLM Student Loan Trust, Series 2008-8, Class A4
(LIBOR USD 3-Month plus 1.50%)
3.99%		04/25/23	²		49,912		50,825
SLM Student Loan Trust, Series 2008-8, Class B
(LIBOR USD 3-Month plus 2.25%)
4.74%		10/25/75	²		10,000		10,501
SLM Student Loan Trust, Series 2008-9, Class A
(LIBOR USD 3-Month plus 1.50%)
3.99%		04/25/23	²		38,793		39,026
SLM Student Loan Trust, Series 2008-9, Class B
(LIBOR USD 3-Month plus 2.25%)
4.74%		10/25/83	²		15,000		15,634
Structured Receivables Finance LLC,
Series 2010-B, Class A
3.73%		08/15/36	¹		95,579		93,900
Wachovia Student Loan Trust,
Series 2006-1, Class A6
(LIBOR USD 3-Month plus 0.17%)
2.66%		04/25/40	^1,2		50,000		48,770


Total Asset-Backed Securities
(Cost $526,071)							538,617


CORPORATES — 47.12%*
Banking — 7.54%
Bank of America Corp. (MTN)
3.50%		05/17/22	³		40,000		40,027


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Banking (continued)
3.97%		03/05/29	³	$	60,000	$	58,548
Bank of New York Mellon Corp. (The) (MTN)
2.66%		05/16/23	³		30,000		29,400
3.25%		09/11/24			5,000		4,915
Citigroup, Inc.
3.20%		10/21/26			20,000		18,482
JPMorgan Chase & Co.
3.90%		07/15/25			70,000		69,456
4.01%		04/23/29	³		20,000		19,890
4.02%		12/05/24	³		50,000		50,431
4.20%		07/23/29	³		15,000		14,972
Lloyds Banking Group PLC (United Kingdom)
2.91%		11/07/23	^3,4		30,000		28,394
Santander UK Group Holdings PLC (United Kingdom)
3.37%		01/05/24	^3,4		15,000		14,240
Santander UK PLC (United Kingdom)
2.50%		01/05/21	⁴		15,000		14,654
State Street Corp.
3.78%		12/03/24	³		15,000		15,059
US Bank N.A. (BKNT)
3.40%		07/24/23			30,000		29,990
Wells Fargo & Co. (MTN)
3.58%		05/22/28	³		20,000		19,210


							427,668


Communications — 4.02%
21st Century Fox America, Inc.
6.20%		12/15/34			4,000		4,876
7.75%		01/20/24			12,000		14,125
AT&T, Inc.
4.30%		02/15/30			45,000		42,855
Charter Communications Operating LLC/Charter Communications Operating Capital
3.75%		02/15/28			27,000		24,471
Comcast Corp.
2.35%		01/15/27			30,000		26,769
4.15%		10/15/28			30,000		30,515
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint
Spectrum Co. III LLC
5.15%		03/20/28	¹		20,000		19,700
Verizon Communications, Inc.
4.33%		09/21/28			40,000		40,183
Vodafone Group PLC (United Kingdom)
4.38%		05/30/28	⁴		15,000		14,579
Warner Media LLC 3.88%		01/15/26			10,000		9,565


							227,638


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Consumer Discretionary — 2.17%
Anheuser-Busch InBev Worldwide, Inc.
4.00%		04/13/28			$52,000	$	49,835
Bacardi Ltd. (Bermuda)
4.70%		05/15/28	^1,4		15,000		14,442
BAT Capital Corp.
2.76%		08/15/22			30,000		28,360
Constellation Brands, Inc.
4.25%		05/01/23			15,000		15,190
Pernod Ricard SA (France)
4.45%		01/15/22	^1,4		15,000		15,369


							123,196


Consumer Products — 0.26%
Newell Brands, Inc.
3.85%		04/01/23			15,000		14,617


Electric — 2.53%
Appalachian Power Co.
4.45%		06/01/45			5,000		4,942
Duquesne Light Holdings, Inc.
5.90%		12/01/21	¹		23,000		24,350
6.40%		09/15/20	¹		7,000		7,296
ITC Holdings Corp.
4.05%		07/01/23			10,000		10,173
Metropolitan Edison Co.
4.00%		04/15/25	¹		25,000		25,556
PNM Resources, Inc.
3.25%		03/09/21			10,000		9,910
Public Service Co. of New Mexico
3.85%		08/01/25			10,000		9,882
Southwestern Electric Power Co., Series M
4.10%		09/15/28			20,000		20,084
Tucson Electric Power Co.
5.15%		11/15/21			30,000		31,436


							143,629


Energy — 4.31%
Enbridge Energy Partners LP
5.50%		09/15/40			5,000		5,186
Energy Transfer Operating LP
4.05%		03/15/25			10,000		9,392
4.95%		06/15/28			5,000		4,901
EQM Midstream Partners LP
5.50%		07/15/28			8,000		7,828
EQT Corp.
3.90%		10/01/27			15,000		12,954
Hess Corp.
4.30%		04/01/27			12,000		11,015
Kinder Morgan, Inc.
5.63%		11/15/23	¹		25,000		26,455


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Energy (continued)
Petroleos Mexicanos (Mexico)
5.35%		02/12/28	⁴		$15,000	$	13,125
6.50%		01/23/29	⁴		25,000		23,323
Plains All American Pipeline LP/PAA Finance Corp.
4.65%		10/15/25			15,000		14,744
Ruby Pipeline LLC
6.00%		04/01/22	¹		21,023		21,616
Sabine Pass Liquefaction LLC
4.20%		03/15/28			12,000		11,430
Sunoco Logistics Partners Operations LP
4.00%		10/01/27			10,000		9,176
TC PipeLines LP
3.90%		05/25/27			30,000		28,477
Texas Eastern Transmission LP
2.80%		10/15/22	¹		10,000		9,628
Williams Cos., Inc. (The)
3.70%		01/15/23			10,000		9,768
4.55%		06/24/24			25,000		25,251


							244,269


Finance — 7.26%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland)
3.88%		01/23/28	⁴		11,000		9,639
3.95%		02/01/22	⁴		20,000		19,663
Air Lease Corp.
3.00%		09/15/23			15,000		14,086
3.63%		12/01/27			11,000		9,735
Citigroup, Inc.
3.67%		07/24/28	³		20,000		19,026
Ford Motor Credit Co. LLC
4.25%		09/20/22			25,000		24,048
(LIBOR USD 3-Month plus
1.08%)
3.66%		08/03/22	²		35,000		33,014
GE Capital International Funding Co. (Ireland)
2.34%		11/15/20	⁴		20,000		19,302
4.42%		11/15/35	⁴		21,000		17,638
Goldman Sachs Group, Inc. (The)
2.88%		10/31/22	³		75,000		72,794
4.22%		05/01/29	³		20,000		19,306
Morgan Stanley (GMTN)
3.70%		10/23/24			70,000		68,927
3.77%		01/24/29	³		20,000		19,157
Nationwide Building Society (United Kingdom)
3.77%		03/08/24	^1,3,4		15,000		14,450
Pipeline Funding Co. LLC
7.50%		01/15/30	¹		18,976		22,404


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Finance (continued)
Raymond James Financial, Inc.
3.63%		09/15/26			$30,000	$	28,318


							411,507


Food — 1.26%
Conagra Brands, Inc.
4.60%		11/01/25			16,000		16,073
General Mills, Inc.
3.70%		10/17/23			15,000		14,929
Kraft Heinz Foods Co.
3.00%		06/01/26			23,000		20,551
Tyson Foods, Inc.
3.90%		09/28/23			20,000		19,994


							71,547


Health Care — 6.54%
AbbVie, Inc.
3.60%		05/14/25			25,000		24,013
4.25%		11/14/28			10,000		9,738
Allergan Funding SCS (Luxembourg)
3.80%		03/15/25	⁴		5,000		4,888
Allergan Sales LLC
5.00%		12/15/21	¹		25,000		25,745
Anthem, Inc.
3.65%		12/01/27			25,000		23,921
AstraZeneca PLC (United Kingdom)
3.50%		08/17/23	⁴		12,000		11,873
Barnabas Health, Inc.
4.00%		07/01/28			15,000		15,121
Baxalta, Inc.
3.60%		06/23/22			25,000		24,830
Bayer U.S. Finance II LLC
4.38%		12/15/28	¹		25,000		23,836
Becton Dickinson and Co.
2.89%		06/06/22			15,000		14,582
Celgene Corp.
3.90%		02/20/28			25,000		23,494
Cigna Corp.
4.38%		10/15/28	¹		30,000		30,226
CVS Health Corp.
4.00%		12/05/23			60,000		60,327
Elanco Animal Health, Inc.
4.90%		08/28/28	¹		15,000		15,292
Fresenius U.S. Finance II, Inc.
4.25%		02/01/21	¹		15,000		15,032
Humana, Inc.
2.90%		12/15/22			15,000		14,537
Providence St. Joseph Health Obligated Group, Series H
2.75%		10/01/26			20,000		18,632


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Health Care (continued)
Shire Acquisitions Investments Ireland DAC (Ireland)
3.20%		09/23/26	⁴	$	5,000	$	4,527
UnitedHealth Group, Inc.
3.85%		06/15/28			10,000		10,129


							370,743


Industrials — 2.62%
Amcor Finance USA, Inc.
3.63%		04/28/26	¹		5,000		4,725
4.50%		05/15/28	¹		15,000		14,936
BAE Systems Holdings, Inc.
3.80%		10/07/24	¹		25,000		24,820
General Electric Co.
2.70%		10/09/22			15,000		13,925
General Electric Co. (MTN)
5.55%		01/05/26			10,000		9,933
Ingersoll-Rand Co.
9.00%		08/15/21			10,000		11,317
L3 Technologies, Inc.
3.85%		06/15/23			15,000		15,077
Northrop Grumman Corp.
2.93%		01/15/25			15,000		14,253
Sydney Airport Finance Co. Pty Ltd. (Australia)
3.63%		04/28/26	^1,4		15,000		14,229
United Technologies Corp.
4.13%		11/16/28			10,000		9,927
Westrock Co.
4.65%		03/15/26	¹		15,000		15,252


							148,394


Insurance — 1.46%
Farmers Insurance Exchange
4.75%		11/01/57	^1,3		25,000		22,158
Metropolitan Life Global Funding I
3.88%		04/11/22	¹		15,000		15,254
Nationwide Mutual Insurance Co.
5.08%		12/15/24	^1,3		20,000		19,900
Teachers Insurance & Annuity
Association of America
4.38%		09/15/54	^1,3		25,000		25,319


							82,631


Materials — 0.27%
International Flavors & Fragrances, Inc.
4.45%		09/26/28			15,000		15,250


Real Estate Investment Trust (REIT) — 4.40%
Alexandria Real Estate Equities, Inc.
4.50%		07/30/29			8,000		8,009


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Real Estate Investment Trust (REIT) (continued)
American Campus Communities Operating Partnership LP
3.35%		10/01/20			$15,000	$	14,945
3.63%		11/15/27			5,000		4,702
American Tower Corp.
3.55%		07/15/27			15,000		14,097
Boston Properties LP
2.75%		10/01/26			10,000		9,048
4.50%		12/01/28			10,000		10,243
CC Holdings GS V LLC/Crown Castle GS III Corp.
3.85%		04/15/23			15,000		14,861
Digital Realty Trust LP
3.63%		10/01/22			15,000		14,871
GLP Capital LP/GLP Financing II, Inc.
5.30%		01/15/29			15,000		14,752
HCP, Inc.
3.88%		08/15/24			10,000		9,835
4.25%		11/15/23			20,000		20,055
Healthcare Realty Trust, Inc.
3.75%		04/15/23			15,000		14,784
Healthcare Trust of America Holdings LP
2.95%		07/01/22			15,000		14,614
Highwoods Realty LP
3.20%		06/15/21			5,000		4,951
Host Hotels & Resorts LP
6.00%		10/01/21			5,000		5,251
National Retail Properties, Inc.
3.80%		10/15/22			15,000		15,043
SL Green Operating Partnership LP
3.25%		10/15/22			15,000		14,508
UDR, Inc. (MTN)
4.63%		01/10/22			15,000		15,407
Ventas Realty LP
4.13%		01/15/26			10,000		9,932
WEA Finance LLC
3.15%		04/05/22	¹		20,000		19,708


							249,616

Retail — 0.45%
Family Dollar Stores, Inc.
5.00%		02/01/21			15,000		15,403
Home Depot, Inc. (The)
3.90%		12/06/28			10,000		10,228


							25,631

Services — 0.61%
IHS Markit Ltd. (Bermuda)
4.75%		08/01/28	⁴		5,000		4,902
5.00%		11/01/22	^1,4		15,000		15,225


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Services (continued)
Republic Services, Inc.
2.90%		07/01/26		$	15,000	$	14,172


							34,299


Transportation — 1.42%
Burlington Northern Santa Fe LLC
4.40%		03/15/42			4,000		4,036
Continental Airlines Pass-Through Trust, Series 2007-1, Class A
5.98%		04/19/22			27,355		28,597
U.S. Airways Pass-Through Trust, Series 2010-1, Class A
6.25%		04/22/23			5,158		5,492
U.S. Airways Pass-Through Trust, Series 2011-1, Class A
7.13%		10/22/23			25,062		27,374
Union Pacific Corp.
3.95%		09/10/28			15,000		15,039


							80,538


Total Corporates
(Cost $2,684,803)							2,671,173


MORTGAGE-BACKED — 40.07%**

Non-Agency Commercial
Mortgage-Backed — 9.46%
Banc of America Merrill Lynch Commercial Mortgage Trust, Series 2018-PARK, Class A
4.09%		08/10/38	^1,3		5,000		5,208
Citigroup Commercial Mortgage Trust, Series 2013-GC11, Class XA (IO)
1.40%		04/10/46	³		833,877		39,981
Commercial Mortgage Trust, Series 2013-CR10, Class XA (IO)
0.68%		08/10/46	³		950,110		26,351
Commercial Mortgage Trust, Series 2014-CR18, Class XA (IO)
1.15%		07/15/47	³		1,355,909		49,326
Commercial Mortgage Trust, Series 2018-HOME, Class A
3.82%		04/10/33	^1,3		60,000		60,162
DBUBS Mortgage Trust, Series 2011-LC2A, Class XA (IO)
1.06%		07/10/44	^1,3		820,604		16,410
GS Mortgage Securities Trust, Series 2011-GC5, Class XA (IO)
1.34%		08/10/44	^1,3		1,657,080		46,357
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2010-C2, Class XB (IO)
0.70%		11/15/43	^1,3		1,397,175		15,495


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Commercial Mortgage-Backed (continued)
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2013-LC11, Class XA (IO)
1.27%		04/15/46	³	$	483,993	$	21,946
SFAVE Commercial Mortgage Securities Trust, Series 2015-5AVE, Class A1
3.87%		01/05/43	^1,3		100,000		93,022
SFAVE Commercial Mortgage Securities Trust, Series 2015-5AVE, Class A2A
3.66%		01/05/43	^1,3		110,000		104,075
UBS-Barclays Commercial Mortgage Trust, Series 2012-C3, Class XB (IO)
0.20%		08/10/49	^1,3,5,6		3,700,000		31,691
Wells Fargo Commercial Mortgage Trust, Series 2015-C26, Class XA (IO)
1.23%		02/15/48	³		455,750		26,119


							536,143


Non-Agency Mortgage-Backed — 8.83%
Adjustable Rate Mortgage Trust, Series 2005-5, Class 6A22
(LIBOR USD 1-Month plus 0.28%)
2.79%		09/25/35	²		15,331		15,270
Ameriquest Mortgage Securities, Inc., Series 2005-R2, Class M2
(LIBOR USD 1-Month plus 0.72%)
3.23%		04/25/35	²		6,950		6,969
Bear Stearns ALT-A Trust, Series 2004-3, Class A1
(LIBOR USD 1-Month plus 0.64%)
3.15%		04/25/34	²		46,604		45,709
Bear Stearns ARM Trust, Series 2004-1, Class 12A5
4.01%		04/25/34	³		14,852		14,919
Bear Stearns Asset-Backed Securities Trust, Series 2006-SD2, Class A1
(LIBOR USD 1-Month plus 0.38%)
2.89%		06/25/36	²		7,809		7,781
Bombardier Capital Mortgage Securitization Corp., Series 2000-A, Class A2
7.58%		06/15/30	³		19,426		6,796
CIT Mortgage Loan Trust, Series 2007-1, Class 1A
(LIBOR USD 1-Month plus 1.35%)
3.86%		10/25/37	^1,2		14,492		14,682
Citigroup Mortgage Loan Trust, Inc., Series 2005-OPT1, Class M1
(LIBOR USD 1-Month plus 0.63%)
3.14%		02/25/35	²		21,456		21,327
Conseco Finance Corp., Series 1998-4, Class A5
6.18%		04/01/30			42,487		43,651


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Fremont Home Loan Trust 2005-B
(LIBOR USD 1-Month plus 0.71%)
3.21%		04/25/35	²	$	26,300	$	26,350
GSR Mortgage Loan Trust, Series 2005-AR6, Class 2A1
4.30%		09/25/35	³		31,960		32,588
IndyMac Index Mortgage Loan Trust, Series 2007-FLX3, Class A1
(LIBOR USD 1-Month plus 0.24%)
2.75%		06/25/37	²		19,185		18,927
JPMorgan Mortgage Acquisition Trust, Series 2007-CH2, Class AV1
(LIBOR USD 1-Month plus 0.16%)
2.67%		01/25/37	²		12,192		12,212
JPMorgan Mortgage Trust, Series 2005-A3, Class 2A1
3.86%		06/25/35	³		19,199		19,036
Long Beach Mortgage Loan Trust, Series 2006-1, Class 1A
(LIBOR USD 1-Month plus 0.22%)
2.73%		02/25/36	²		9,806		9,493
Morgan Stanley Mortgage Loan Trust, Series 2004-5AR, Class 3A1
4.17%		07/25/34	³		24,618		24,491
Saxon Asset Securities Trust, Series 2007-2, Class A2A
(LIBOR USD 1-Month plus 0.10%)
2.61%		05/25/47	^2,5,6		97,205		74,346
Structured Asset Mortgage Investments II Trust, Series 2004-AR1, Class 1A2
(LIBOR USD 1-Month plus 0.70%)
3.17%		03/19/34	²		3,545		3,433
Structured Asset Securities Corp. Mortgage Loan Trust, Series 2006-EQ1A, Class A5
(LIBOR USD 1-Month plus 0.31%)
2.82%		07/25/36	^1,2		105,000		102,697


							500,677


U.S. Agency Commercial
Mortgage-Backed — 5.48%
Freddie Mac Multifamily Structured
Pass-Through Certificates, Series K011, Class X3 (IO)
2.57%		12/25/43	³		1,067,620		50,678
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K013, Class X3 (IO)
2.81%		01/25/43	³		860,000		47,316
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K015, Class X3 (IO)
2.80%		08/25/39	³		350,000		23,767


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Commercial Mortgage-Backed (continued)
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K717, Class X3 (IO)
1.62%		11/25/42	³	$	900,000	$	38,093
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KAIV, Class X2 (IO)
3.61%		06/25/41	³		200,000		15,979
Ginnie Mae, Series 2013-1, Class IO (IO)
0.62%		02/16/54	³		2,034,267		75,447
Ginnie Mae, Series 2013-125, Class IO (IO)
0.76%		10/16/54	³		1,689,220		59,021


							310,301


U.S. Agency Mortgage-Backed — 16.30%
Fannie Mae Pool AM1691
3.46%		01/01/43			35,955		34,396
Fannie Mae Pool AM6428
3.58%		08/01/29			74,630		75,963
Fannie Mae Pool AM6492
3.76%		08/01/34			48,158		49,268
Fannie Mae Pool AN0335
3.39%		01/01/31			49,336		49,292
Fannie Mae Pool AN0854
3.28%		02/01/28			55,000		54,748
Fannie Mae Pool AN5529
3.02%		06/01/28			39,116		38,523
Fannie Mae Pool AN6146
3.13%		07/01/32			50,000		47,747
Fannie Mae Pool AN6241
3.46%		09/01/37			95,000		92,285
Fannie Mae Pool AN7631
3.16%		12/01/32			50,000		47,398
Fannie Mae Pool AN9420
3.77%		07/01/43			49,544		50,127
Fannie Mae REMICS, Series 2012-128, Class UA
2.50%		06/25/42			115,870		107,407
Fannie Mae REMICS, Series 2013-5, Class GF
(LIBOR USD 1-Month plus 1.10%)
3.61%		10/25/42	²		76,169		76,541
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K710, Class X1 (IO)
1.73%		05/25/19	³		11,942,576		29,010
Freddie Mac REMICS, Series 4064, Class TB
3.50%		06/15/42			103,000		102,909
Freddie Mac REMICS, Series 4638, Class UF

Issues

Maturity
Date

Principal
Amount

Value

MORTGAGE-BACKED (continued)

U.S. Agency Mortgage-Backed (continued)

(LIBOR USD 1-Month plus 1.00%)

3.52%

09/15/44

68,220

68,613

924,227

Total Mortgage-Backed

(Cost $2,272,025)

2,271,348

MUNICIPAL BONDS — 0.18%*

California — 0.09%

University of California, Taxable Revenue Bonds, Series AJ

4.60%

05/15/31

5,000

5,377

New York — 0.09%

New York City Transitional Finance Authority Future Tax Secured Revenue

3.73%

08/01/29

5,000

5,035

Total Municipal Bonds

(Cost $10,290)

10,412

U.S. TREASURY SECURITIES — 0.84%

U.S. Treasury Notes — 0.84%

U.S. Treasury Notes (WI)

3.13%

11/15/28

46,000

47,722

Total U.S. Treasury Securities

(Cost $47,409)

47,722

Total Bonds – 97.71%

(Cost $5,540,598)

5,539,272

Issues

Maturity
Date

Principal
Amount/
Shares

Value

SHORT-TERM INVESTMENTS — 1.22%

Money Market Funds — 0.74%

Morgan Stanley Institutional Liquidity Funds-Government Portfolio

2.30%⁷

42,000

U.S. Treasury Bills — 0.48%

U.S. Treasury Bills

2.38%^8,9

03/28/19

$27,000

$26,849

Total Short-Term Investments

(Cost $68,849)

68,849


Issues	Value
Total Investments – 98.93%
(Cost $5,609,447)	$	5,608,121


Cash and Other Assets, Less
Liabilities – 1.07%		60,893


Net Assets – 100.00%	$	5,669,014

¹	Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

²	Floating rate security. The rate disclosed was in effect at December 31, 2018.

³	Variable rate security. Interest rate disclosed is as of the most recent information available. 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.

⁴	U.S. dollar-denominated security issued by foreign-domiciled entity.

⁵	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

⁶	Illiquid security as determined under procedures approved by the Board of Trustees. The aggregate value of illiquid securities is $106,037, which is 1.87% of total net assets.

⁷	Represents the current yield as of December 31, 2018.

⁸	Securities, or a portion thereof, pledged as collateral for futures. The total market value of collateral pledged is $26,851.

⁹	Represents annualized yield at date of purchase.

*	Securities with a call or reset feature will have an effective maturity date sooner than the stated maturity.

**	Securities backed by mortgage or consumer loans where payment is periodically made will have an effective maturity date sooner than the stated maturity date.

(BKNT): Banker’s Note, Inc.

(GMTN): Global medium-term note

(IO): Interest only

(LIBOR): London InterBank Offer Rate

(MTN): Medium-term Note

(USD): U.S. dollar

(WI): When issued


Issues	Maturity Date			Principal Amount		Value
BONDS – 98.80%
ASSET-BACKED SECURITIES — 6.60%**
Access Group, Inc., Series 2015-1, Class A
(LIBOR USD 1-Month plus 0.70%)
3.21%		07/25/56	^1,2	$	2,069,449	$	2,071,829
Babson CLO Ltd., Series 2016-2A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 1.08%)
3.56%		07/20/28	^1,2,3,^†		5,500,000		5,500,114
Barings CLO Ltd., Series 2013-IA, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.80%)
3.27%		01/20/28	^1,2,3		6,700,000		6,603,473
Bayview Commercial Asset Trust, Series 2005-1A, Class A1
(LIBOR USD 1-Month plus 0.30%)
2.81%		04/25/35	^1,2		260,025		253,415
Brazos Higher Education Authority, Inc., Series 2011-1, Class A2
(LIBOR USD 3-Month plus 0.80%)
3.48%		02/25/30	¹		112,603		113,587
Brazos Higher Education Authority, Inc., Series 2011-2, Class A3
(LIBOR USD 3-Month plus 1.00%)
3.49%		10/27/36	¹		5,075,000		5,137,945
Cifc Funding Ltd., Series 2014-4RA, Class A1A (Cayman Islands)
(LIBOR USD 3-Month plus 1.13%)
3.59%		10/17/30	^1,2,3		5,880,000		5,815,426
Education Loan Asset-Backed Trust I, Series 2013-1, Class A2
(LIBOR USD 1-Month plus 0.80%)
3.31%		04/26/32	^1,2		8,375,000		8,419,112
GCO Education Loan Funding Trust, Series 2006-2AR, Class A1RN
(LIBOR USD 1-Month plus 0.65%)
2.97%		08/27/46	^1,2		7,301,266		6,966,753
Goal Capital Funding Trust, Series 2006-1, Class B
(LIBOR USD 3-Month plus 0.45%)
3.13%		08/25/42	¹		2,579,467		2,414,402
J.G. Wentworth XXX LLC, Series 2013-3A, Class A
4.08%		01/17/73	²		4,060,114		4,159,893
Magnetite VII Ltd., Series 2012-7A, Class A1R2 (Cayman Islands)
(LIBOR USD 3-Month plus 0.80%)
3.24%		01/15/28	^1,2,3		5,880,000		5,799,638
Navient Student Loan Trust, Series 2015-2, Class A3
(LIBOR USD 1-Month plus 0.57%)
3.08%		11/26/40	¹		5,300,000		5,276,431


Issues	Maturity Date			Principal Amount		Value
ASSET-BACKED SECURITIES (continued)
Nelnet Student Loan Trust, Series 2013-1A, Class A
(LIBOR USD 1-Month plus 0.60%)
3.11%		06/25/41	^1,2	$	2,983,785	$	2,999,849
Nelnet Student Loan Trust, Series 2014-5A, Class A
(LIBOR USD 1-Month plus 0.55%)
3.06%		07/25/46	^1,2		9,931,082		9,945,898
Northstar Education Finance, Inc., Series 2007-1, Class A1
(1.00 X LIBOR USD 3-Month plus 0.10%)
2.61%		04/28/30	¹		3,165,518		3,155,577
SLC Student Loan Trust, Series 2007-1, Class A4
(LIBOR USD 3-Month plus 0.06%)
2.68%		05/15/29	¹		4,826,011		4,778,938
SLM Student Loan Trust, Series 2003-10A, Class A3
(LIBOR USD 3-Month plus 0.47%)
3.26%		12/15/27	^1,2		9,649,475		9,644,413
SLM Student Loan Trust, Series 2003-11, Class A6
(LIBOR USD 3-Month plus 0.55%)
3.34%		12/15/25	^1,2		4,755,742		4,779,957
SLM Student Loan Trust, Series 2006-9, Class A5
(LIBOR USD 3-Month plus 0.10%)
2.59%		01/26/26	¹		2,078,213		2,075,314
SLM Student Loan Trust, Series 2007-3, Class A3
(LIBOR USD 3-Month plus 0.04%)
2.53%		04/25/19	¹		3,017,739		3,013,513
SLM Student Loan Trust, Series 2007-6, Class A4
(LIBOR USD 3-Month plus 0.38%)
2.87%		10/25/24	¹		5,206,568		5,208,978
SLM Student Loan Trust, Series 2008-1, Class A4
(LIBOR USD 3-Month plus 0.65%)
3.14%		01/25/22	¹		6,205,615		6,169,802
SLM Student Loan Trust, Series 2008-6, Class A4
(LIBOR USD 3-Month plus 1.10%)
3.59%		07/25/23	¹		3,598,610		3,628,169
SLM Student Loan Trust, Series 2008-8, Class B
(LIBOR USD 3-Month plus 2.25%)
4.74%		10/25/75	¹		1,095,000		1,149,830
SLM Student Loan Trust, Series 2011-1, Class A1
(LIBOR USD 1-Month plus 0.52%)
3.03%		03/25/26	¹		118,948		119,207


Issues	Maturity Date			Principal Amount		Value
ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Series 2012-2, Class A
(LIBOR USD 1-Month plus 0.70%)
3.21%		01/25/29	¹	$	2,909,928	$	2,893,867
SLM Student Loan Trust, Series 2012-7, Class A3
(LIBOR USD 1-Month plus 0.65%)
3.16%		05/26/26	¹		11,587,514		11,458,743
SLM Student Loan Trust, Series 2013-4, Class A
(LIBOR USD 1-Month plus 0.55%)
3.06%		06/25/43	¹		3,623,097		3,610,716
SLM Student Loan Trust, Series 2014-1, Class A3
(LIBOR USD 1-Month plus 0.60%)
3.11%		02/26/29	¹		5,848,626		5,776,198
Student Loan Consolidation Center Student Loan Trust I, Series 2002-2, Class B2 (28 Day Auction Rate plus 0.00%)0
1.61%		07/01/42	^1,2		3,900,000		3,118,534
Voya CLO Ltd., Series 2015-2A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.97%)
3.45%		07/23/27	^1,2,3		3,505,000		3,461,159


Total Asset-Backed Securities (Cost $144,929,836)							145,520,680


BANK LOANS — 0.67%*

Communications — 0.19%
CSC Holdings LLC, Term Loan
(LIBOR plus 2.25%)
4.75%		01/15/26			1,200,000		1,140,000
Intelsat Jackson Holdings SA, Term Loan B5 (Luxembourg)
6.63%		01/02/24	³		500,000		494,250
Lamar Media Corp., Term Loan B
(LIBOR plus 1.75%)
4.31%		03/14/25	¹		496,250		484,256
Sprint Communications, Inc., Term Loan
(LIBOR plus 2.50%)
5.06%		02/02/24	¹		793,939		757,553
Unitymedia Finance LLC, Term Loan E
(LIBOR plus 2.00%)
4.46%		06/01/23	¹		1,250,000		1,216,906


							4,092,965


Electric — 0.04%
Chief Power Finance LLC, Term Loan B
(LIBOR plus 4.75%)
7.28%		12/31/20	^1,4,5		983,459		919,942


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Energy — 0.01%
Energy Transfer Equity LP, Term Loan
(LIBOR plus 2.00%)
4.52%		02/02/24		$	250,000	$	244,598

Finance — 0.15%
Delos Finance SARL, Term Loan
(LIBOR plus 1.75%)
4.55%		10/06/23	¹		3,429,507		3,345,484

Health Care — 0.10%
Bausch Health Companies, Inc., Term Loan
(LIBOR plus 3.00%)
5.38%		06/02/25	¹		770,000		737,598
Catalent Pharma Solutions, Inc., Term Loan
(LIBOR plus 2.25%)
4.77%		05/20/24	¹		984,745		959,634
IQVIA, Inc., Term Loan B3
(LIBOR plus 1.75%)
4.27%		06/11/25	¹		497,500		482,267


							2,179,499


Industrials — 0.06%
Tyco International Holdings SARL, Term Loan
(LIBOR plus 1.25%)
4.16%		03/02/20	^1,4,5		1,368,640		1,363,508


Information Technology — 0.12%
Dell International LLC, Term Loan A2
(LIBOR plus 1.75%)
4.28%		09/07/21			1,500,000		1,460,940
IQVIA, Inc., Term Loan B1
(LIBOR plus 2.00%)
4.80%		03/07/24	¹		450,337		438,741
SS&C Technologies, Inc.,
Term Loan B3
(LIBOR plus 2.25%)
4.77%		04/16/25	¹		605,060		572,647
SS&C Technologies, Inc., Term Loan B4
(LIBOR plus 2.25%)
4.77%		04/16/25	¹		229,507		217,213


							2,689,541


Total Bank Loans
(Cost $15,266,718)							14,835,537


CORPORATES — 38.16%*

Banking — 8.92%
Bank of America Corp.
2.74%		01/23/22	⁶		9,705,000		9,560,561


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Banking (continued)
3.00%		12/20/23	⁶	$	2,159,000	$	2,099,729
7.63%		06/01/19			5,000,000		5,090,039
Bank of America Corp. (GMTN)
2.37%		07/21/21	⁶		18,025,000		17,717,764
Bank of New York Mellon Corp. (The) (MTN)
2.30%		09/11/19			4,753,000		4,731,450
Bank of New York Mellon Corp., (The) Series G
2.20%		05/15/19			629,000		627,688
JPMorgan Chase & Co.
2.25%		01/23/20			10,000,000		9,898,582
6.30%		04/23/19			22,375,000		22,597,475
JPMorgan Chase Bank N.A. (BKNT)
2.60%		02/01/21	⁶		13,950,000		13,856,512
(LIBOR USD 3-Month plus 0.25%)
2.87%		02/13/20	¹		7,695,000		7,686,066
Lloyds Bank PLC (United Kingdom)
3.30%		05/07/21	³		6,475,000		6,426,285
6.38%		01/21/21	³		2,000,000		2,110,914
Lloyds Bank PLC (United Kingdom) (MTN)
5.80%		01/13/20	^2,3		3,000,000		3,071,324
Macquarie Bank Ltd. (Australia)
2.60%		06/24/19	^2,3		5,000,000		4,985,393
PNC Bank N.A. (BKNT)
1.95%		03/04/19			10,000,000		9,986,310
2.25%		07/02/19			1,795,000		1,788,699
Santander UK Group Holdings PLC (United Kingdom)
2.88%		08/05/21	³		13,000,000		12,584,540
Santander UK PLC (United Kingdom)
2.50%		01/05/21	³		2,250,000		2,198,151
UBS AG/London (Switzerland)
(LIBOR USD 3-Month plus 0.32%)
3.03%		05/28/19	^1,2,3		8,000,000		8,000,612
US Bank N.A. (BKNT)
3.05%		07/24/20			12,075,000		12,063,434
Wells Fargo & Co.
(LIBOR USD 3-Month plus 1.23%)
3.76%		10/31/23	¹		2,000,000		1,994,195
Wells Fargo & Co. (MTN)
2.63%		07/22/22			1,105,000		1,064,791
Wells Fargo & Co., Series N (MTN)
2.15%		01/30/20			9,535,000		9,432,799
Wells Fargo Bank N.A. (BKNT)
2.15%		12/06/19			2,715,000		2,694,205
2.40%		01/15/20			20,000,000		19,827,210
3.33%		07/23/21	⁶		4,620,000		4,616,539


							196,711,267


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Communications — 1.91%
21st Century Fox America, Inc.
6.90%		03/01/19		$	738,000	$	742,265
AT&T, Inc.
3.00%		06/30/22			7,440,000		7,262,251
3.40%		05/15/25			2,655,000		2,499,517
3.90%		03/11/24			1,700,000		1,691,546
Charter Communications Operating LLC/Charter Communications Operating Capital
4.50%		02/01/24			2,720,000		2,717,908
4.91%		07/23/25			1,400,000		1,395,043
Comcast Corp.
3.45%		10/01/21			3,265,000		3,299,392
Cox Communications, Inc.
7.63%		06/15/25			900,000		1,044,052
Discovery Communications LLC
2.75%		11/15/19	²		2,000,000		1,987,564
2.80%		06/15/20S			715,000		707,669
Sprint Communications, Inc.
7.00%		03/01/20	²		1,264,000		1,298,760
Sprint Corp.
7.63%		03/01/26			21,000		20,790
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC
3.36%		09/20/21	²		10,484,375		10,340,215
Viacom, Inc.
3.88%		04/01/24			2,000,000		1,963,344
Vodafone Group PLC (United Kingdom)
(LIBOR USD 3-Month plus 0.99%)
3.43%		01/16/24	^1,3		3,910,000		3,816,778
Warner Media LLC
3.88%		01/15/26			1,400,000		1,339,163


							42,126,257

Consumer Discretionary — 0.56%
Constellation Brands, Inc.
2.00%		11/07/19			7,000,000		6,915,222
Molson Coors Brewing Co.
2.25%		03/15/20			5,000,000		4,933,312
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Luxembourg S.A.
(LIBOR USD 3-Month plus 3.50%)
5.94%		07/15/21	^1,2		550,000		549,313


							12,397,847


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Consumer Products — 0.11%
Newell Brands, Inc.
2.60%		03/29/19		$	2,540,000	$	2,536,763


Electric — 2.47%
American Electric Power Co., Inc., Series I
3.65%		12/01/21			5,000,000		5,031,550
Black Hills Corp.
4.25%		11/30/23			4,050,000		4,045,710
Duke Energy Florida LLC
2.10%		12/15/19			2,240,000		2,222,066
ITC Holdings Corp.
5.50%		01/15/20	²		1,780,000		1,814,616
Jersey Central Power & Light Co.
7.35%		02/01/19			505,000		506,551
LG&E & KU Energy LLC
3.75%		11/15/20			3,400,000		3,414,822
Metropolitan Edison Co.
7.70%		01/15/19			4,250,000		4,256,309
Mississippi Power Co.
(LIBOR USD 3-Month plus 0.65%)
3.47%		03/27/20	¹		5,000,000		4,992,440
Nevada Power Co.
7.13%		03/15/19			4,125,000		4,159,515
NextEra Energy Capital Holdings, Inc.
(LIBOR USD 3-Month plus 0.48%)
3.06%		05/04/21	¹		7,700,000		7,627,644
(LIBOR USD 3-Month plus 0.55%)
3.26%		08/28/21	¹		3,952,000		3,903,403
Pennsylvania Electric Co.
5.20%		04/01/20			1,262,000		1,292,100
PNM Resources, Inc.
3.25%		03/09/21			7,115,000		7,051,193
Progress Energy, Inc.
7.05%		03/15/19			4,200,000		4,232,119


							54,550,038


Energy — 1.54%
Energy Transfer Operating LP
4.90%		02/01/24			4,292,000		4,326,134
Florida Gas Transmission Co. LLC
7.90%		05/15/19	²		3,320,000		3,372,849
Panhandle Eastern Pipe Line Co. LP
8.13%		06/01/19			1,000,000		1,019,027
Plains All American Pipeline LP/PAA
Finance Corp.
3.85%		10/15/23			5,422,000		5,223,880
Rockies Express Pipeline LLC
5.63%		04/15/20	²		2,036,000		2,046,180
6.00%		01/15/19	²		1,651,000		1,651,371


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Energy (continued)
Ruby Pipeline LLC
6.00%		04/01/22	²	$	3,292,159	$	3,385,103
Sabine Pass Liquefaction LLC
5.75%		05/15/24			3,215,000		3,347,338
Spectra Energy Partners LP
4.75%		03/15/24			4,519,000		4,634,582
TC PipeLines LP
4.65%		06/15/21			4,900,000		4,989,621


							33,996,085

Finance — 6.53%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
(Ireland)
3.75%		05/15/19	³		500,000		500,008
Air Lease Corp.
2.13%		01/15/20			5,000,000		4,928,995
3.50%		01/15/22			3,420,000		3,367,993
American Express Credit Corp. (GMTN)
2.25%		08/15/19			2,840,000		2,827,339
American Express Credit Corp. (MTN)
2.20%		03/03/20			4,000,000		3,957,674
BMW U.S. Capital LLC
(LIBOR USD 3-Month plus 0.38%)
3.18%		04/06/20	^1,2		8,000,000		7,959,628
Citibank N.A. (BKNT)
3.05%		05/01/20			11,605,000		11,592,513
Citigroup, Inc.
2.50%		07/29/19			2,500,000		2,491,811
8.50%		05/22/19			3,000,000		3,062,806
Daimler Finance North America LLC
1.50%		07/05/19	²		4,407,000		4,363,920
1.75%		10/30/19	²		2,000,000		1,973,652
Ford Motor Credit Co. LLC
2.38%		03/12/19			1,290,000		1,286,528
2.46%		03/27/20			1,000,000		979,226
2.60%		11/04/19			3,550,000		3,508,584
3.20%		01/15/21			3,000,000		2,908,445
5.75%		02/01/21			5,241,000		5,346,541
(LIBOR USD 3-Month plus 0.79%)
3.57%		06/12/20	¹		2,080,000		2,051,180
(LIBOR USD 3-Month plus 0.88%)
3.31%		10/12/21	¹		2,500,000		2,400,095
Ford Motor Credit Co. LLC (MTN)
2.94%		01/08/19			1,000,000		999,860
GE Capital International Funding Co. (Ireland)
2.34%		11/15/20	³		14,515,000		14,008,804
General Motors Financial Co., Inc.
2.40%		05/09/19			2,600,000		2,590,453


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Finance (continued)
Goldman Sachs Group, Inc. (The)
2.55%		10/23/19		$	6,049,000	$	6,016,810
2.63%		04/25/21			1,880,000		1,832,053
2.88%		10/31/22	⁶		726,000		704,646
2.91%		07/24/23	⁶		6,000,000		5,722,690
(LIBOR USD 3-Month plus 1.02%)
3.50%		10/23/19	¹		5,000,000		5,008,210
International Lease Finance Corp.
6.25%		05/15/19			3,000,000		3,026,814
Morgan Stanley (GMTN)
5.50%		01/26/20			2,805,000		2,868,435
5.50%		07/24/20			3,450,000		3,557,848
7.30%		05/13/19			8,000,000		8,122,160
(LIBOR USD 3-Month plus 0.55%)
3.17%		02/10/21	¹		10,000,000		9,891,262
Morgan Stanley (MTN)
5.63%		09/23/19			2,000,000		2,030,615
Morgan Stanley, Series 3NC2
(LIBOR USD 3-Month plus 0.80%)
3.41%		02/14/20	¹		3,795,000		3,795,165
Protective Life Global Funding
1.72%		04/15/19	²		8,245,000		8,212,325


							143,895,088


Food — 1.88%
Campbell Soup Co.
3.30%		03/15/21			4,025,000		4,002,098
(LIBOR USD 3-Month plus 0.50%)
3.29%		03/16/20	¹		1,000,000		991,279
Conagra Brands, Inc. (LIBOR USD 3-Month plus 0.50%)
3.30%		10/09/20	¹		8,203,000		8,113,157
(LIBOR USD 3-Month plus 0.75%)
3.22%		10/22/20	¹		3,000,000		2,992,352
Danone SA (France)
1.69%		10/30/19	^2,3		3,325,000		3,279,919
General Mills, Inc.
3.20%		04/16/21			7,000,000		6,965,366
Kraft Heinz Foods Co.
4.00%		06/15/23			1,500,000		1,502,282
(LIBOR USD 3-Month plus 0.42%)
3.02%		08/09/19	¹		4,000,000		3,990,364
Mondelez International Holdings Netherlands BV (Netherlands)
1.63%		10/28/19	^2,3		9,670,000		9,553,409


							41,390,226


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Health Care — 4.33%
AbbVie, Inc.
3.75%		11/14/23		$	5,000,000	$	4,980,213
Aetna, Inc.
3.50%		11/15/24			3,136,000		3,020,213
Allergan Funding SCS (Luxembourg)
3.45%		03/15/22	³		3,000,000		2,954,341
Anthem, Inc.
2.50%		11/21/20			10,270,000		10,141,484
AstraZeneca PLC (United Kingdom)
2.38%		11/16/20	³		2,835,000		2,786,848
Bayer U.S. Finance II LLC
2.13%		07/15/19	²		4,275,000		4,242,002
3.50%		06/25/21	²		1,825,000		1,815,100
Bayer U.S. Finance LLC
2.38%		10/08/19	²		6,425,000		6,389,235
Becton Dickinson and Co.
2.40%		06/05/20			2,260,000		2,225,499
2.68%		12/15/19			3,661,000		3,639,583
Boston Scientific Corp.
6.00%		01/15/20			4,605,000		4,714,401
Celgene Corp.
2.75%		02/15/23			585,000		560,302
2.88%		08/15/20			5,000,000		4,967,011
3.25%		08/15/22			2,278,000		2,237,589
Cigna Corp.
3.20%		09/17/20	²		6,000,000		5,982,549
Cigna Holding Co.
4.50%		03/15/21			5,335,000		5,453,749
5.13%		06/15/20			1,725,000		1,768,470
Elanco Animal Health, Inc.
3.91%		08/27/21	²		2,500,000		2,517,127
Fresenius Medical Care U.S. Finance II, Inc.
4.13%		10/15/20	²		2,356,000		2,372,679
HCA, Inc.
6.50%		02/15/20			1,960,000		2,013,900
Humana, Inc.
2.50%		12/15/20			5,675,000		5,587,060
Roche Holdings, Inc.
2.25%		09/30/19	²		3,710,000		3,690,824
Shire Acquisitions Investments Ireland DAC (Ireland)
1.90%		09/23/19	³		5,865,000		5,783,830
2.40%		09/23/21	³		1,500,000		1,451,420
Sutter Health, Series 13-C
2.29%		08/15/53			1,525,000		1,505,803
Zimmer Biomet Holdings, Inc. (LIBOR USD 3-Month plus 0.75%)
3.55%		03/19/21	¹		2,685,000		2,660,700


							95,461,932


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Industrials — 2.12%
BAE Systems Holdings, Inc.
6.38%		06/01/19	²	$	5,660,000	$	5,729,590
Bemis Co., Inc.
6.80%		08/01/19			4,180,000		4,266,428
Clean Harbors, Inc.
5.13%		06/01/21			243,000		243,000
General Electric Co. (GMTN)
2.20%		01/09/20			2,000,000		1,971,366
4.63%		01/07/21			1,030,000		1,033,482
6.00%		08/07/19			2,281,000		2,307,166
General Electric Co. (MTN)
4.65%		10/17/21			1,835,000		1,842,521
(LIBOR USD 3-Month plus 0.38%)
2.96%		05/05/26	¹		5,180,000		4,311,414
(LIBOR USD 3-Month plus 0.48%)
3.10%		08/15/36	¹		2,182,000		1,505,654
Ingersoll-Rand Co.
9.00%		08/15/21			1,100,000		1,244,928
L3 Technologies, Inc.
4.95%		02/15/21			1,525,000		1,559,984
Siemens Financieringsmaatschappij NV (Netherlands)
1.30%		09/13/19	^2,3		6,500,000		6,421,487
United Technologies Corp. (LIBOR USD 3-Month plus 0.65%)
3.28%		08/16/21	¹		7,250,000		7,225,465
WestRock MWV LLC
7.38%		09/01/19			5,850,000		5,985,443
WestRock RKT Co.
3.50%		03/01/20			1,000,000		999,386


							46,647,314


Information Technology — 0.81%
Analog Devices, Inc.
2.85%		03/12/20			4,030,000		4,017,013
Apple, Inc.
1.70%		02/22/19			3,255,000		3,250,559
Broadcom Corp./Broadcom Cayman Finance Ltd.
2.38%		01/15/20			6,750,000		6,667,151
Dell International LLC/EMC Corp.
3.48%		06/01/19	²		4,000,000		3,988,583


							17,923,306


Insurance — 0.34%
Allstate Corp. (The)
(LIBOR USD 3-Month plus 0.43%)
3.23%		03/29/21	¹		4,000,000		3,957,899
Nationwide Mutual Insurance Co.
5.08%		12/15/24	^2,6		3,550,000		3,532,250


							7,490,149


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Materials — 0.36%
Georgia-Pacific LLC
2.54%		11/15/19	²	$	8,000,000	$	7,964,812

Real Estate Investment Trust (REIT) — 4.98%
Alexandria Real Estate Equities, Inc.
2.75%		01/15/20			8,800,000		8,733,428
American Campus Communities Operating Partnership LP
3.35%		10/01/20			6,040,000		6,018,005
American Tower Corp.
3.40%		02/15/19			7,395,000		7,393,513
Boston Properties LP
5.63%		11/15/20			2,260,000		2,339,524
Digital Realty Trust LP
3.63%		10/01/22			2,430,000		2,409,061
5.88%		02/01/20			3,000,000		3,061,383
Duke Realty LP
3.88%		02/15/21			6,385,000		6,447,597
GLP Capital LP/GLP Financing II, Inc.
4.38%		04/15/21			3,240,000		3,234,913
4.88%		11/01/20			4,210,000		4,251,546
HCP, Inc.
2.63%		02/01/20			10,765,000		10,707,117
Healthcare Trust of America Holdings LP
3.38%		07/15/21			425,000		423,098
Host Hotels & Resorts LP
6.00%		10/01/21			3,500,000		3,675,549
National Retail Properties, Inc.
3.80%		10/15/22			900,000		902,602
Realty Income Corp.
3.25%		10/15/22			3,000,000		2,973,391
Reckson Operating Partnership LP
7.75%		03/15/20			1,650,000		1,742,294
SL Green Operating Partnership LP
(LIBOR USD 3-Month plus 0.98%)
3.61%		08/16/21	¹		5,000,000		4,980,507
UDR, Inc.
3.70%		10/01/20			3,000,000		3,012,823
UDR, Inc. (MTN)
4.63%		01/10/22			5,523,000		5,673,032
Ventas Realty LP/Ventas Capital Corp.
2.70%		04/01/20			3,949,000		3,916,575
VEREIT Operating Partnership LP
3.00%		02/06/19			3,890,000		3,888,662
4.13%		06/01/21			2,325,000		2,347,603
WEA Finance LLC/Westfield UK & Europe Finance PLC
2.70%		09/17/19	²		5,500,000		5,471,935
3.25%		10/05/20	²		4,000,000		3,996,512


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Real Estate Investment Trust (REIT) (continued)
Welltower, Inc.
4.13%		04/01/19		$	12,135,000	$	12,141,213


							109,741,883


Retail — 0.86%
Alimentation Couche-Tard, Inc. (Canada)
2.35%		12/13/19	^2,3		7,000,000		6,936,307
Dollar Tree, Inc.
(LIBOR USD 3-Month plus 0.70%)
3.15%		04/17/20	¹		7,000,000		6,956,661
Walgreens Boots Alliance, Inc.
2.70%		11/18/19			5,000,000		4,972,137


							18,865,105


Services — 0.26%
IHS Markit Ltd. (Bermuda)
5.00%		11/01/22	^2,3		4,761,000		4,832,415
Republic Services, Inc.
5.50%		09/15/19			850,000		864,006


							5,696,421


Transportation — 0.18%
America West Airlines Pass-Through Trust, Series 2001-1, Class G
7.10%		04/02/21			86,845		90,102
American Airlines Pass-Through Trust, Series 2011-1, Class A
5.25%		01/31/21			865,077		884,195
American Airlines Pass-Through Trust, Series 2013-2, Class A
4.95%		01/15/23			1,332,797		1,355,613
Continental Airlines Pass-Through Trust, Series 1999-1, Class A
6.55%		02/02/19			1,077,401		1,080,158
Continental Airlines Pass-Through Trust, Series 2000-2, Class A1
7.71%		04/02/21			604,850		636,227


							4,046,295

Total Corporates

(Cost $846,179,989)							841,440,788

MORTGAGE-BACKED — 19.98%**
Non-Agency Commercial
Mortgage-Backed — 0.57%
Citigroup Commercial Mortgage Trust, Series 2012-GC8, Class XA (IO)
1.80%		09/10/45	^2,6		17,391,748		869,808
GE Business Loan Trust, Series 2006-2A, Class A
2.64%		11/15/34	²		1,952,175		1,918,062


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Commercial
Mortgage-Backed (continued)
GE Business Loan Trust, Series 2007-1A,Class A
(LIBOR USD 1-Month plus 0.17%)
2.63%		04/15/35	^1,2	$	928,577	$	911,439
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2006-LDP9, Class A3S
5.24%		05/15/47	²		949,830		945,659
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2006-LDP9, Class A3SF
(LIBOR USD 1-Month plus 0.16%)
2.61%		05/15/47	¹		5,138,302		5,144,724
Wells Fargo Commercial Mortgage Trust, Series 2013-120B, Class A
2.71%		03/18/28	^2,6		2,855,000		2,832,924


							12,622,616

Non-Agency Mortgage-Backed — 9.41%
Accredited Mortgage Loan Trust, Series 2007-1, Class A4
(LIBOR USD 1-Month plus 0.22%)
2.73%		02/25/37	¹		12,000,000		11,756,388
ACE Securities Corp. Home Equity Loan Trust, Series 2006-NC1, Class A1
(LIBOR USD 1-Month plus 0.44%)
2.95%		12/25/35	¹		1,614,211		1,610,877
Aegis Asset-Backed Securities Trust, Series 2005-5, Class 2A
(LIBOR USD 1-Month plus 0.25%)
2.76%		12/25/35	¹		4,798,122		4,791,348
Ameriquest Mortgage Securities Trust, Series 2006-R2, Class A1
(LIBOR USD 1-Month plus 0.18%)
2.68%		04/25/36	¹		2,501,615		2,495,605
Amresco Residential Securities Corp. Mortgage Loan Trust, Series 1998-1, Class A5
(STEP-reset date 02/25/19)
7.23%		10/25/27			11,261		11,527
Argent Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-W2, Class A1
(LIBOR USD 1-Month plus 0.26%)
2.77%		10/25/35	¹		3,808,703		3,808,494
Banc of America Alternative Loan Trust,Series 2003-8, Class 1CB1
5.50%		10/25/33			8,954,595		9,217,604
Banc of America Funding Trust, Series 2015-R2, Class 9A1
(LIBOR USD 1-Month plus 0.22%)
2.72%		03/27/36	^1,2		4,728,538		4,681,883


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Banc of America Funding Trust, Series 2015-R4, Class 3A1
(LIBOR USD 1-Month plus 0.14%)
2.46%		07/27/36	^1,2	$	4,945,473	$	4,853,162
BCAP LLC Trust, Series 2008-IND2, Class A1
(LIBOR USD 1-Month plus 1.65%)
4.16%		04/25/38	¹		5,507,245		5,506,985
BCAP LLC Trust, Series 2013-RR5,Class 2A1
3.32%		03/26/37	^2,6		4,350,949		4,389,205
Bear Stearns ARM Trust, Series 2004-3,Class 4A
4.38%		07/25/34	⁶		1,951,664		1,935,301
Chase Funding Trust, Series 2002-2, Class 2M1
(LIBOR USD 1-Month plus 0.90%)
3.41%		02/25/32	¹		63,597		63,597
Chase Mortgage Finance Trust,Series 2007-A1, Class 8A1
4.68%		02/25/37	⁶		7,914,613		8,128,814
Chase Mortgage Finance Trust,Series 2007-A2, Class 2A3
4.51%		07/25/37	⁶		1,644,686		1,689,407
Chevy Chase Mortgage Funding LLC, Mortgage-Backed Certificates, Series 2005-2A, Class A1
(LIBOR USD 1-Month plus 0.18%)
2.69%		05/25/36	^1,2		910,888		896,077
CIM Trust, Series 2018-R6, Class A1
(LIBOR USD 1-Month plus 1.08%)
3.43%		09/25/58	^1,2		8,661,807		8,573,678
Citigroup Mortgage Loan Trust, Inc.,Series 2004-HYB1, Class A41
3.49%		02/25/34	⁶		115,707		112,848
Citigroup Mortgage Loan Trust, Inc., Series 2007-WFH4, Class A2C
(LIBOR USD 1-Month plus 1.30%)
3.81%		07/25/37	¹		90,000		85,617
Conseco Finance Corp., Series 1998-2,Class A5
6.24%		12/01/28			2,869		2,918
Conseco Finance Securitizations Corp., Series 2001-4, Class A4
7.36%		08/01/32	⁶		676,482		689,650
Countrywide Home Loan Mortgage Pass-Through Trust, Series 2004-14,Class 4A1
3.89%		08/25/34	⁶		12,339		11,991


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Credit Suisse First Boston Mortgage Securities Corp., Series 2004-AR1, Class 5A1
4.28%		02/25/34	⁶	$	1,980,212	$	1,997,031
Credit Suisse Mortgage Capital, Series 2014-9R, Class 8A1
(LIBOR USD 1-Month plus 0.16%)
2.47%		10/27/36	^1,2		1,006,477		998,482
Credit-Based Asset Servicing and Securitization LLC, Series 2005-CB7, Class AF3
(STEP-reset date 02/25/19)
3.75%		11/25/35			70,759		70,808
Credit-Based Asset Servicing and Securitization LLC, Series 2007-CB5, Class A1
(LIBOR USD 1-Month plus 0.06%)
2.38%		04/25/37	¹		2,962,911		2,116,300
DSLA Mortgage Loan Trust, Series 2005-AR2, Class 2A1A
(LIBOR USD 1-Month plus 0.21%)
2.68%		03/19/45	¹		944,882		907,540
Encore Credit Receivables Trust, Series 2005-2, Class M2
(LIBOR USD 1-Month plus 0.69%)
3.20%		11/25/35	¹		3,659,263		3,719,290
FBR Securitization Trust, Series 2005-02, Class M1
(LIBOR USD 1-Month plus 0.72%)
3.23%		09/25/35	¹		140,850		141,225
First Franklin Mortgage Loan Trust, Series 2004-FF5, Class A3C
(LIBOR USD 1-Month plus 1.00%)
3.51%		08/25/34	¹		881,640		861,309
First Horizon Alternative Mortgage Securities Trust, Series 2004-AA3, Class A1
4.22%		09/25/34	⁶		7,102		7,020
First Horizon Mortgage Pass-Through Trust, Series 2004-AR7, Class 2A2
4.01%		02/25/35	⁶		779,148		782,593
GMACM Home Equity Loan Trust, Series 2000-HE2, Class A1
(LIBOR USD 1-Month plus 0.44%)
2.95%		06/25/30	¹		181,971		151,726
GSAA Home Equity Trust, Series 2005-9, Class 1A1
(LIBOR USD 1-Month plus 0.28%)
2.79%		08/25/35	¹		198,251		198,080
GSAMP Trust, Series 2006-NC1, Class A3
(LIBOR USD 1-Month plus 0.29%)
2.80%		02/25/36	¹		9,086,423		8,917,691


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
GSR Mortgage Loan Trust, Series 2005-AR7, Class 2A1
4.04%		11/25/35	⁶	$	592,419	$	585,333
HSI Asset Securitization Corp. Trust, 2005-NC1, Class M1
(LIBOR USD 1-Month plus 0.77%)
3.27%		07/25/35	¹		3,384,388		3,391,603
Impac CMB Trust, Series 2005-5, Class A1
(LIBOR USD 1-Month plus 0.64%)
3.15%		08/25/35	¹		2,723,449		2,627,679
IndyMac Index Mortgage Loan Trust, Series 2004-AR12, Class A1
(LIBOR USD 1-Month plus 0.78%)
3.29%		12/25/34	¹		281,151		251,342
IndyMac Index Mortgage Loan Trust, Series 2004-AR8, Class 2A2A
(LIBOR USD 1-Month plus 0.80%)
3.31%		11/25/34	¹		884,814		832,399
IndyMac Manufactured Housing Contract Pass-Through Certificates, Series 1998-1, Class A4
6.49%		09/25/28			544,591		578,756
JPMorgan Mortgage Acquisition Trust, Series 2005-FRE1, Class A2F3
(STEP-reset date 02/25/19)
3.36%		10/25/35			1,479,509		1,485,825
JPMorgan Mortgage Acquisition Trust, Series 2007-HE1, Class AV4
(LIBOR USD 1-Month plus 0.28%)
2.79%		03/25/47	¹		50,000		44,109
JPMorgan Mortgage Trust, Series 2007-A1, Class 1A1
4.45%		07/25/35	⁶		1,124,486		1,143,655
JPMorgan Mortgage Trust, Series 2007-A1, Class 5A2
4.33%		07/25/35	⁶		301,385		311,000
Lehman ABS Manufactured Housing Contract Trust, Series 2001-B, Class A3
4.35%		04/15/40			152,707		153,420
Lehman ABS Manufactured Housing Contract Trust, Series 2001-B, Class A4
5.27%		04/15/40			140,062		140,870
Lehman ABS Manufactured Housing Contract Trust, Series 2001-B, Class AIOC (IO)
0.55%		04/15/40	^4,5,6		118,169,373		2,207,711
MASTR Adjustable Rate Mortgages Trust,Series 2003-6, Class 4A2
4.27%		01/25/34	⁶		9,603		9,478


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
MASTR Adjustable Rate Mortgages Trust, Series 2004-1, Class 2A1
4.87%		01/25/34	⁶	$	46,733	$	46,550
MASTR Adjustable Rate Mortgages Trust, Series 2004-13, Class 3A1
4.44%		11/21/34	⁶		1,005,968		1,033,949
MASTR Adjustable Rate Mortgages Trust, Series 2004-3, Class 3A3
3.82%		04/25/34	⁶		136,958		137,004
MASTR Adjustable Rate Mortgages Trust, Series 2004-5, Class 3A1
3.62%		06/25/34	⁶		31,209		28,785
MASTR Alternative Loan Trust, Series 2003-1, Class 1A1
6.25%		12/25/32			2,816,087		2,946,059
MASTR Alternative Loan Trust, Series 2003-5, Class 4A1
5.50%		07/25/33			4,279,792		4,535,320
MASTR Alternative Loan Trust, Series 2003-9, Class 4A1
5.25%		11/25/33			4,592,534		4,763,802
MASTR Alternative Loan Trust, Series 2004-7, Class 1A1
5.50%		07/25/34			4,623,850		4,800,472
MASTR Seasoned Securitization Trust,Series 2004-1, Class 4A1
4.62%		10/25/32	⁶		216,518		219,687
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-3, Class A2C
(LIBOR USD 1-Month plus 0.18%)
2.69%		06/25/37	¹		11,569,830		8,512,585
Merrill Lynch Mortgage Investors Trust, Series 2004-A4, Class A1
4.09%		08/25/34	⁶		1,474,776		1,473,265
Merrill Lynch Mortgage Investors Trust, Series 2006-F1, Class 1A2
6.00%		04/25/36			1,756,701		1,515,306
Mid-State Capital Corp., Series 2004-1, Class B
8.90%		08/15/37			1,056,374		1,208,128
Mid-State Capital Corp., Series 2006-1,Class A
5.79%		10/15/40	²		5,071,615		5,471,818
Mid-State Trust, Series 2010-W, Class A2
5.82%		02/15/36			639,641		688,664
Morgan Stanley ABS Capital I Trust, Series 2004-NC7, Class M2
(LIBOR USD 1-Month plus 0.93%)
3.44%		07/25/34	¹		2,829,111		2,851,474
Morgan Stanley Mortgage Loan Trust, Series 2004-6AR, Class 1A
(LIBOR USD 1-Month plus 0.90%)


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
3.41%		07/25/34	¹	$	268,108	$	269,011
Morgan Stanley Resecuritization Trust, Series 2014-R3, Class 3A
(LIBOR USD 1-Month plus 1.25%)
3.57%		03/26/37	^1,2		402,186		402,996
MortgageIT Trust, Series 2005-3, Class A1
(LIBOR USD 1-Month plus 0.60%)
3.11%		08/25/35	¹		340,443		332,970
MortgageIT Trust, Series 2005-4, Class A1
(LIBOR USD 1-Month plus 0.28%)
2.79%		10/25/35	¹		5,285,978		5,134,543
New Century Home Equity Loan Trust, Series 2005-3, Class M2
(LIBOR USD 1-Month plus 0.74%)
3.24%		07/25/35	¹		1,792,182		1,797,474
New Century Home Equity Loan Trust, Series 2005-D, Class A1
(LIBOR USD 1-Month plus 0.22%)
2.73%		02/25/36	¹		10,011,901		9,901,382
Option One Mortgage Loan Trust, Series 2005-1, Class A4
(LIBOR USD 1-Month plus 0.80%)
3.31%		02/25/35	¹		85,806		86,003
Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-WCW2, Class M2
(LIBOR USD 1-Month plus 0.98%)
3.48%		10/25/34	¹		6,363,586		6,371,250
Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-WCW2, Class M1
(LIBOR USD 1-Month plus 0.75%)
3.26%		07/25/35	¹		4,965,945		4,983,267
Park Place Securities, Inc., Series 2005-WCW1, Class M1
(LIBOR USD 1-Month plus 0.45%)
2.96%		09/25/35	¹		668,041		669,870
Residential Accredit Loans Trust, Series 2005-QA3, Class NB1
3.78%		03/25/35	⁶		2,862,926		1,874,470
Residential Asset Mortgage Products Trust, Series 2004-SL4, Class A3
6.50%		07/25/32			267,213		262,934
Residential Asset Mortgage Products Trust, Series 2005-SL1, Class A5
6.50%		05/25/32			841,184		824,024
Securitized Asset-Backed Receivables LLC Trust, Series 2006-CB1, Class AF2 (STEP-reset date 02/25/19)
3.37%		01/25/36			2,091,818		1,753,921


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Structured Asset Investment Loan Trust, Series 2005-8, Class A4
(LIBOR USD 1-Month plus 0.72%)
3.23%		10/25/35	¹	$	2,264,678	$	2,267,666
Structured Asset Securities Corp. Mortgage Loan Trust, Series 2006-WF3, Class A5
(LIBOR USD 1-Month plus 0.14%)
2.65%		09/25/36	¹		4,950,422		4,925,338
Structured Asset Securities Corp. Mortgage Pass-Through Certificates, Series 2003-26A, Class 3A5
4.34%		09/25/33	⁶		795,779		800,949
Terwin Mortgage Trust, Series 2004-7HE, Class A1
(LIBOR USD 1-Month plus 0.55%)
3.06%		07/25/34	^1,2		115,413		112,615
WaMu Mortgage Pass-Through Certificates, Series 2002-AR18, Class A
4.73%		01/25/33	⁶		105,291		107,717
WaMu Mortgage Pass-Through Certificates, Series 2004-AR14, Class A1
4.31%		01/25/35	⁶		779,912		798,489
WaMu Mortgage Pass-Through Certificates, Series 2004-CB2, Class 2A
5.50%		07/25/34			4,372,620		4,505,119
WaMu Mortgage Pass-Through Certificates, Series 2005-AR13, Class A1A1
(LIBOR USD 1-Month plus 0.29%)
2.80%		10/25/45	¹		2,699,738		2,677,227
WaMu Mortgage Pass-Through Certificates, Series 2005-AR2, Class 2A21
(LIBOR USD 1-Month plus 0.33%)
2.84%		01/25/45	¹		438,133		423,139
Wells Fargo Mortgage-Backed Securities Trust, Series 2004-Q, Class 1A1
4.72%		09/25/34	⁶		1,139,532		1,170,632
Wells Fargo Mortgage-Backed Securities Trust, Series 2005-AR10, Class 2A14
4.51%		06/25/35	⁶		3,860,832		3,878,885
Wells Fargo Mortgage-Backed Securities Trust, Series 2005-AR9, Class 1A1
4.47%		05/25/35	⁶		105,214		106,519
Wells Fargo Mortgage-Backed Securities Trust, Series 2006-AR2, Class 2A5
4.61%		03/25/36	⁶		949,053		941,496


							207,558,025

U.S. Agency Commercial Mortgage-Backed — 2.37%
Fannie Mae-Aces, Series 2015-M10, Class FA
(LIBOR USD 1-Month plus 0.25%)


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Commercial Mortgage-Backed (continued)
2.55%		03/25/19	¹	$	1,635,457	$	1,632,824
Fannie Mae-Aces, Series 2017-M11, Class FA
(LIBOR USD 1-Month plus 0.47%)
2.77%		09/25/24	¹		7,816,898		7,826,853
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KF34, Class A
(LIBOR USD 1-Month plus 0.36%)
2.71%		08/25/24	¹		3,969,195		3,951,219
Freddie Mac Multifamily Structured Pass-Through Certificates, Series J19F, Class A1
2.91%		02/25/22			2,757,020		2,758,393
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KJ03, Class A1
1.67%		01/25/21			3,747,438		3,675,581
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KJ18, Class A1
2.46%		03/25/22			5,889,589		5,826,895
Freddie Mac Multifamily Structured Pass-Through Certificates, Series Q004, Class A2H
2.87%		01/25/21	⁶		11,507,443		11,497,553
Freddie Mac Multifamily Structured Pass-Through Certificates, Series Q004, Class AFL
(Federal Reserve US 12-Month Cumulative Average plus 0.74%)
2.90%		10/25/21	¹		4,713,881		4,717,655
Ginnie Mae, Series 2006-3, Class C
5.24%		04/16/39	⁶		843,735		843,241
Ginnie Mae, Series 2007-12, Class C
5.28%		04/16/41	⁶		1,381,152		1,381,692
NCUA Guaranteed Notes Trust, Series 2011-C1, Class 2A
(LIBOR USD 1-Month plus 0.53%)
3.05%		03/09/21	¹		8,164,544		8,168,362


							52,280,268


U.S. Agency Mortgage-Backed — 7.63%
Fannie Mae Pool 466973
3.85%		01/01/21			13,508,624		13,767,939
Fannie Mae Pool 567002
8.00%		05/01/23			21,583		22,713
Fannie Mae Pool 735861
6.50%		09/01/33			14,389		15,733
Fannie Mae Pool 770900
(LIBOR USD 12-Month plus 1.55%)
3.92%		04/01/34¹			253,057		258,470


Issues	Maturity Date	Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
Fannie Mae Pool 995182
5.50%	06/01/20	$	34,461	$	34,524
Fannie Mae Pool AD0538
6.00%	05/01/24		395,759		413,620
Fannie Mae Pool AE0083
6.00%	01/01/40		1,121,438		1,222,886
Fannie Mae Pool AL0851
6.00%	10/01/40		1,385,163		1,511,741
Fannie Mae REMICS, Series 1997-76, Class FS
LIBOR USD 1-Month
2.91%	09/17/27¹		15,899		15,612
Fannie Mae REMICS, Series 2001-60, Class OF
(LIBOR USD 1-Month plus 0.95%)
3.46%	10/25/31¹		814,067		830,491
Fannie Mae REMICS, Series 2003-130, Class HF
(LIBOR USD 1-Month plus 0.45%)
2.96%	12/25/33¹		385,097		385,368
Fannie Mae REMICS, Series 2003-134, Class FC
(LIBOR USD 1-Month plus 0.60%)
3.11%	12/25/32¹		5,071,789		5,122,635
Fannie Mae REMICS, Series 2005-59, Class NF
(LIBOR USD 1-Month plus 0.25%)
2.76%	05/25/35¹		2,615,397		2,608,396
Fannie Mae REMICS, Series 2007-61, Class AF
(LIBOR USD 1-Month plus 0.28%)
2.79%	03/25/37¹		1,239,388		1,238,795
Fannie Mae REMICS, Series 2007-64, Class FA
(LIBOR USD 1-Month plus 0.47%)
2.98%	07/25/37¹		418,196		421,756
Fannie Mae REMICS, Series 2009-111, Class DA
5.00%	12/25/39		265,840		269,872
Fannie Mae REMICS, Series 2009-33, Class FB
(LIBOR USD 1-Month plus 0.82%)
3.33%	03/25/37¹		2,448,651		2,498,811
Fannie Mae REMICS, Series 2009-85, Class LF
(LIBOR USD 1-Month plus 1.20%)
3.71%	10/25/49¹		3,048,075		3,114,938
Fannie Mae REMICS, Series 2009-96, Class FA
(LIBOR USD 1-Month plus 0.90%)
3.41%	11/25/49¹		2,146,095		2,195,051


Issues	Maturity Date	Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
Fannie Mae REMICS, Series 2010-109, Class PF
(LIBOR USD 1-Month plus 0.40%)
2.91%	10/25/40¹	$	1,457,889	$	1,463,079
Fannie Mae REMICS, Series 2010-26, Class S (IO)
LIBOR USD 1-Month
3.72%	11/25/36¹		8,707,717		1,257,955
Fannie Mae REMICS, Series 2010-39, Class FE
(LIBOR USD 1-Month plus 0.77%)
3.28%	06/25/37¹		4,705,205		4,785,523
Fannie Mae REMICS, Series 2010-43, Class DP
5.00%	05/25/40		1,122,898		1,190,497
Fannie Mae REMICS, Series 2010-6, Class BF
(LIBOR USD 1-Month plus 0.76%)
3.27%	02/25/40¹		1,752,821		1,784,318
Fannie Mae REMICS, Series 2010-95, Class S (IO)
LIBOR USD 1-Month
4.09%	09/25/40¹		6,267,627		1,113,101
Fannie Mae REMICS, Series 2011-118, Class FB
(LIBOR USD 1-Month plus 0.45%)
2.96%	11/25/41¹		7,517,073		7,542,707
Fannie Mae REMICS, Series 2011-71, Class FB
(LIBOR USD 1-Month plus 0.50%)
3.01%	05/25/37¹		3,088,062		3,100,032
Fannie Mae REMICS, Series 2012-33, Class F
(LIBOR USD 1-Month plus 0.52%)
3.03%	04/25/42¹		6,156,832		6,218,466
Fannie Mae REMICS, Series 2013-75, Class FC
(LIBOR USD 1-Month plus 0.25%)
2.76%	07/25/42¹		5,655,033		5,653,227
Fannie Mae REMICS, Series G92-10, Class Z
7.75%	01/25/22		362		375
Freddie Mac Gold Pool A45796
7.00%	01/01/33		5,782		6,300
Freddie Mac Gold Pool C46104
6.50%	09/01/29		7,671		8,332
Freddie Mac Gold Pool G13032
6.00%	09/01/22		467,716		481,130
Freddie Mac Gold Pool G13475
6.00%	01/01/24		61,748		63,397


Issues	Maturity Date	Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
Freddie Mac Multifamily Structured Pass-Through Certificates, Series J22F, Class A1
3.45%	05/25/23	$	12,221,045	$	12,411,959
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K084, Class A1
3.78%	08/25/28		5,515,425		5,735,536
Freddie Mac REMICS, Series 2174, Class PN
6.00%	07/15/29		508,763		547,173
Freddie Mac REMICS, Series 2454, Class FQ
(LIBOR USD 1-Month plus 1.00%)
3.46%	06/15/31¹		7,892		8,116
Freddie Mac REMICS, Series 2733, Class FB
(LIBOR USD 1-Month plus 0.60%)
3.06%	10/15/33¹		3,465,643		3,501,682
Freddie Mac REMICS, Series 3071, Class TF
(LIBOR USD 1-Month plus 0.30%)
2.76%	04/15/35¹		3,404,477		3,407,420
Freddie Mac REMICS, Series 3084, Class FN
(LIBOR USD 1-Month plus 0.50%)
2.96%	12/15/34¹		2,410,119		2,413,143
Freddie Mac REMICS, Series 3294, Class CB
5.50%	03/15/37		225,904		245,302
Freddie Mac REMICS, Series 3300, Class FA
(LIBOR USD 1-Month plus 0.30%)
2.76%	08/15/35¹		889,811		888,548
Freddie Mac REMICS, Series 3325, Class NF
(LIBOR USD 1-Month plus 0.30%)
2.76%	08/15/35¹		2,294,687		2,291,430
Freddie Mac REMICS, Series 3524, Class FC
(LIBOR USD 1-Month plus 0.94%)
3.40%	06/15/38¹		476,116		481,172
Freddie Mac REMICS, Series 3531, Class FM
(LIBOR USD 1-Month plus 0.90%)
3.36%	05/15/39¹		555,998		567,332
Freddie Mac REMICS, Series 3672, Class A
6.00%	05/15/40		148,097		159,799
Freddie Mac REMICS, Series 3792, Class DF
(LIBOR USD 1-Month plus 0.40%)


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
2.86%		11/15/40	¹	$	573,148	$	569,365
Freddie Mac REMICS, Series 3828, Class TF
(LIBOR USD 1-Month plus 0.40%)
2.86%		04/15/29	¹		134,330		134,400
Freddie Mac REMICS, Series 4060, Class FJ
(LIBOR USD 1-Month plus 0.35%)
2.81%		02/15/41	¹		6,536,081		6,520,904
Freddie Mac REMICS, Series 4109, Class KF
(LIBOR USD 1-Month plus 0.40%)
2.86%		05/15/32	¹		1,491,041		1,494,034
Freddie Mac REMICS, Series 4235, Class FA
(LIBOR USD 1-Month plus 0.35%)
2.81%		01/15/34	¹		1,932,725		1,935,553
Freddie Mac Strips, Series 240, Class F30
(LIBOR USD 1-Month plus 0.30%)
2.76%		07/15/36	¹		2,551,521		2,548,473
Freddie Mac Strips, Series 263, Class F5
(LIBOR USD 1-Month plus 0.50%)
2.96%		06/15/42	¹		3,822,724		3,849,933
Freddie Mac Strips, Series 319, Class F2
(LIBOR USD 1-Month plus 0.50%)
2.96%		11/15/43	¹		16,838,340		16,888,270
Ginnie Mae I Pool 422972
6.50%		07/15/29			5,942		6,400
Ginnie Mae II Pool 1849
8.50%		08/20/24			306		311
Ginnie Mae II Pool 2020
8.50%		06/20/25			484		519
Ginnie Mae II Pool 2286
8.50%		09/20/26			1,211		1,318
Ginnie Mae II Pool 2487
8.50%		09/20/27			8,675		9,409
Ginnie Mae II Pool 80059
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 1.50%)
3.63%		04/20/27	¹		17,396		17,887
Ginnie Mae II Pool 80589
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 1.50%)
3.38%		03/20/32	¹		35,763		35,724
Ginnie Mae II Pool 80610
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 1.50%)
3.63%		06/20/32	¹		10,672		11,044


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
Ginnie Mae II Pool 80968
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 1.50%)
3.75%		07/20/34	¹	$	347,677	$	356,494
Ginnie Mae II Pool 81201
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 2.00%)
3.88%		01/20/35	¹		10,371		10,460
Ginnie Mae II Pool 8599
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 1.50%)
3.50%		02/20/25	¹		14,134		14,381
Ginnie Mae, Series 2003-11, Class FK
(LIBOR USD 1-Month plus 0.30%)
2.76%		02/16/33	¹		1,064,515		1,064,858
Ginnie Mae, Series 2004-5, Class PF
(LIBOR USD 1-Month plus 0.55%)
3.02%		02/20/33	¹		3,539		3,553
Ginnie Mae, Series 2009-106, Class XI (IO)
(-1.00 X LIBOR USD 1-Month plus 6.80%, 6.80% Cap)
4.33%		05/20/37	¹		5,300,722		680,785
Ginnie Mae, Series 2012-13, Class KF
(LIBOR USD 1-Month plus 0.30%)
2.77%		07/20/38	¹		859,126		858,365
Ginnie Mae, Series 2013-53, Class AD
1.50%		12/20/26			2,769,953		2,675,751
NCUA Guaranteed Notes Trust, Series 2010-R1, Class 1A
(LIBOR USD 1-Month plus 0.45%)
2.97%		10/07/20	¹		9,800,440		9,803,509
NCUA Guaranteed Notes Trust, Series 2010-R3, Class 1A
(LIBOR USD 1-Month plus 0.56%)
2.94%		12/08/20	¹		7,617,111		7,639,214
NCUA Guaranteed Notes Trust, Series 2010-R3, Class 2A
(LIBOR USD 1-Month plus 0.56%)
2.94%		12/08/20	¹		3,495,948		3,501,210
NCUA Guaranteed Notes Trust, Series 2011-R1, Class 1A
(LIBOR USD 1-Month plus 0.45%)
2.83%		01/08/20	¹		2,727,319		2,731,139
NCUA Guaranteed Notes Trust, Series 2011-R3, Class 1A
(LIBOR USD 1-Month plus 0.40%)
2.80%		03/11/20	¹		1,511,659		1,513,607


							168,153,272

Total Mortgage-Backed
(Cost $438,135,416)							440,614,181

Issues

Maturity
Date

Principal
Amount

Value

MUNICIPAL BONDS — 0.03%*

California — 0.03%

State of California, Taxable, Various Purpose

6.20%

03/01/19

600,000

603,282

Total Municipal Bonds

(Cost $603,690)

U.S. TREASURY SECURITIES — 33.36%

U.S. Treasury Notes — 33.36%

2.75%

09/30/20

393,560,000

395,105,030

2.75%

09/15/21

84,565,000

85,166,205

2.88%

10/15/21

252,715,000

255,419,839

Total U.S. Treasury Securities

(Cost $730,805,102)

735,691,074

Total Bonds – 98.80%

(Cost $2,175,920,751)

2,178,705,542

Issues

Shares

Value

COMMON STOCK — 0.04%

Electric — 0.04%

Homer City Holdings LLC^2,4,5,7

106,501

$905,259

Total Common Stock

(Cost $6,078,660)

Purchased Swaptions – 0.00%

(Cost $939,000)

22,911

Issues

Maturity
Date

Principal
Amount/
Shares

Value

SHORT-TERM INVESTMENTS — 2.59%

Commercial Paper — 0.27%

Ford Motor Credit Co.

3.07%⁸

04/04/19

6,000,000

5,947,705

Money Market Funds — 0.18%

Fidelity Investments Money Market Funds - Government Portfolio

2.24%⁹

Morgan Stanley Institutional Liquidity Funds-Government Portfolio

2.30%⁹

3,899,000

3,899,044

U.S. Treasury Bills — 2.14%

U.S. Treasury Bills

2.38%⁸

02/19/19

24,000,000

23,924,200

Issues

Maturity
Date

Principal
Amount/
Shares

Value

SHORT-TERM INVESTMENTS (continued)

U.S. Treasury Bills (continued)

2.38%^8,10

03/28/19

4,693,000

$ 4,666,780

U.S. Treasury Bills (WI)

2.43%⁸

04/11/19

18,800,000

18,676,049

47,267,029

Total Short-Term Investments

(Cost $57,117,636)

57,113,778

Issues

Value

Total Investments Before Written

Swaptions – 101.43%

(Cost $2,240,056,047)

2,236,747,490

Written Swaptions – 0.00%

(Cost $(540,000))

(9,102)

Liabilities in Excess of Other

Assets – (1.43)%

(31,597,973)

Net Assets – 100.00%

$2,205,140,415

¹	Floating rate security. The rate disclosed was in effect at December 31, 2018.

²	Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

³	U.S. dollar-denominated security issued by foreign-domiciled entity.

⁴	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

⁵	Illiquid security as determined under procedures approved by the Board of Trustees. The aggregate value of illiquid securities is $5,396,420, which is 0.24% of total net assets.

⁶	Variable rate security. Interest rate disclosed is as of the most recent information available. 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.

⁷	Non-income producing security.

⁸	Represents annualized yield at date of purchase.

⁹	Represents the current yield as of December 31, 2018.

¹⁰	Securities, or a portion thereof, pledged as collateral for futures. The total market value of collateral pledged is $4,667,142.

^†

Fair valued security. The aggregate value of fair valued securities is $5,500,114, which is 0.25% of total net assets. These securities were not valued utilizing an independent quote but were valued pursuant to guidelines established by the Board of Trustees. This figure represents securities that are priced using a benchmark pricing system and securities that have been deemed permanently stale. See Notes to Financial Statements.

*	Securities with a call or reset feature will have an effective maturity date sooner than the stated maturity.

**	Securities backed by mortgage or consumer loans where payment is periodically made will have an effective maturity date sooner than the stated maturity date.


Issues	Maturity Date			Principal Amount		Value
BONDS – 98.59%
ASSET-BACKED SECURITIES — 13.32%**
A Voce CLO Ltd., Series 2014-1A, Class A1R (Cayman Islands)
(LIBOR USD 3-Month plus 1.16%)
3.60%		07/15/26	^1,2,3	$	241,043	$	240,466
Atrium XII, Series 12A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.83%)
3.30%		04/22/27	^1,2,3		165,000		163,073
Barings CLO Ltd., Series 2013-IA, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.80%)
3.27%		01/20/28	^1,2,3		250,000		246,398
Barings CLO Ltd., Series 2018-3A, Class A1 (Cayman Islands)
(LIBOR USD 3-Month plus 0.95%)
3.42%		07/20/29	^1,2,3		250,000		246,221
Bayview Commercial Asset Trust, Series 2004-3, Class A1
(LIBOR USD 1-Month plus 0.56%)
3.06%		01/25/35	^2,3		182,771		180,808
Cedar Funding II CLO Ltd., Series 2013-1A, Class A1R (Cayman Islands)
(LIBOR USD 3-Month plus 1.23%)
4.00%		06/09/30	^1,2,3		250,000		249,515
Crystal River CDO, Series 2005-1A, Class A (Cayman Islands)
(LIBOR USD 3-Month plus 0.36%)
2.68%		03/02/46	^1,2,3,4,5		419,900		35,069
Dryden 30 Senior Loan Fund, Series 2013-30A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.82%)
3.44%		11/15/28	^1,2,3		250,000		246,732
Education Loan Asset-Backed Trust I, Series 2013-1, Class A2
(LIBOR USD 1-Month plus 0.80%)
3.31%		04/26/32	^2,3		645,000		648,397
Flagship CLO VIII Ltd., Series 2014-8A, Class ARR (Cayman Islands)
(LIBOR USD 3-Month plus 0.85%)
3.29%		01/16/26	^1,2,3		110,000		109,600
Global SC Finance II SRL, Series 2014-1A,
Class A2 (Barbados)
3.09%		07/17/29	^1,3		170,292		167,108
Higher Education Funding I, Series 2014-1, Class A
(LIBOR USD 3-Month plus 1.05%)
3.74%		05/25/34	^2,3		454,562		458,634
LCM XX LP, Series 20A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 1.04%)
3.38%		10/20/27	^1,2,3		200,000		198,087


Issues	Maturity Date			Principal Amount		Value
ASSET-BACKED SECURITIES (continued)
Magnetite VII Ltd., Series 2012-7A, Class A1R2 (Cayman Islands)
(LIBOR USD 3-Month plus 0.80%)
3.24%		01/15/28	^1,2,3	$	250,000	$	246,583
Nelnet Student Loan Trust, Series 2014-4A, Class A2
(LIBOR USD 1-Month plus 0.95%)
3.46%		11/25/48	^2,3		500,000		503,505
Neuberger Berman CLO XVI-S Ltd., Series 2017-16SA, Class A (Cayman Islands)
(LIBOR USD 3-Month plus 0.85%)
3.29%		01/15/28	^1,2,3		250,000		246,516
Octagon Investment Partners 25 Ltd.,
Series 2015-1A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.80%)
3.27%		10/20/26	^1,2,3		240,000		237,244
Panthera Aviation, Series 2013-1
10.00%		01/25/22	^3,4,5,^†		338,214		98,092
Scholar Funding Trust, Series 2012-B, Class A2
(LIBOR USD 1-Month plus 1.10%)
3.61%		03/28/46	^2,3		793,277		799,964
SLC Student Loan Trust, Series 2004-1, Class B
(LIBOR USD 3-Month plus 0.29%)
2.91%		08/15/31	²		197,625		187,169
SLM Student Loan Trust, Series 2004-2, Class B
(LIBOR USD 3-Month plus 0.47%)
2.96%		07/25/39	²		373,708		352,793
SLM Student Loan Trust, Series 2004-3A, Class A6A
(LIBOR USD 3-Month plus 0.55%)
3.04%		10/25/64	^2,3		270,000		271,325
SLM Student Loan Trust, Series 2005-9, Class B
(LIBOR USD 3-Month plus 0.30%)
2.79%		01/25/41	²		285,059		273,294
SLM Student Loan Trust, Series 2007-7, Class B
(LIBOR USD 3-Month plus 0.75%)
3.24%		10/27/70	²		215,000		201,537
SLM Student Loan Trust, Series 2008-1, Class A4
(LIBOR USD 3-Month plus 0.65%)
3.14%		01/25/22	²		221,629		220,350
SLM Student Loan Trust, Series 2008-2, Class B
(LIBOR USD 3-Month plus 1.20%)
3.69%		01/25/83	²		340,000		325,274


Issues	Maturity Date			Principal Amount		Value
ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Series 2008-3, Class B
(LIBOR USD 3-Month plus 1.20%)
3.69%		04/26/83	²	$	340,000	$	333,272
SLM Student Loan Trust, Series 2008-4, Class B
(LIBOR USD 3-Month plus 1.85%)
4.34%		04/25/73	²		340,000		349,784
SLM Student Loan Trust, Series 2008-5, Class B
(LIBOR USD 3-Month plus 1.85%)
4.34%		07/25/73	²		235,000		240,877
SLM Student Loan Trust, Series 2008-6, Class B
(LIBOR USD 3-Month plus 1.85%)
4.34%		07/26/83	²		340,000		347,857
SLM Student Loan Trust, Series 2008-7, Class B
(LIBOR USD 3-Month plus 1.85%)
4.34%		07/26/83	²		340,000		346,901
SLM Student Loan Trust, Series 2008-8, Class B
(LIBOR USD 3-Month plus 2.25%)
4.74%		10/25/75	²		340,000		357,025
SLM Student Loan Trust, Series 2011-1, Class A2
(LIBOR USD 1-Month plus 1.15%)
3.66%		10/25/34	²		310,000		315,851
Structured Receivables Finance LLC,
Series 2010-A, Class B
7.61%		01/16/46	^3,^†		336,099		383,982
Structured Receivables Finance LLC,
Series 2010-B, Class B
7.97%		08/15/36	³		342,390		391,380
Treman Park CLO Ltd., Series 2015-1A, Class ARR (Cayman Islands)
(LIBOR USD 3-Month plus 1.07%)
3.53%		10/20/28	^1,2,3		450,000		450,275
Voya CLO Ltd., Series 2015-2A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.97%)
3.45%		07/23/27	^1,2,3		175,000		172,811
Wachovia Student Loan Trust, Series 2006-1, Class A6
(LIBOR USD 3-Month plus 0.17%)
2.66%		04/25/40	^2,3		300,000		292,619


Total Asset-Backed Securities
(Cost $11,531,935)							11,136,388


Issues	Maturity Date			Principal Amount		Value
CORPORATES — 39.96%*
Banking — 7.16%
Bank of America Corp.
2.74%		01/23/22	⁶	$	485,000	$	477,782
3.00%		12/20/23	⁶		476,000		462,932
3.71%		04/24/28	⁶		525,000		503,836
Bank of America Corp. (MTN)
4.27%		07/23/29	⁶		80,000		79,965
Bank of New York Mellon Corp. (The) (MTN)
2.66%		05/16/23	⁶		250,000		244,998
3.25%		09/11/24			45,000		44,240
Goldman Sachs Bank USA (BKNT)
3.20%		06/05/20			300,000		299,519
JPMorgan Chase & Co.
3.22%		03/01/25	⁶		420,000		406,200
3.90%		07/15/25			250,000		248,059
4.02%		12/05/24	⁶		220,000		221,898
(LIBOR USD 3-Month plus 0.68%)
3.42%		06/01/21	²		200,000		198,853
JPMorgan Chase Bank N.A. (BKNT)
2.60%		02/01/21	⁶		485,000		481,750
(LIBOR USD 3-Month plus 0.25%)
2.87%		02/13/20	²		385,000		384,553
Lloyds Banking Group PLC (United Kingdom)
2.91%		11/07/23	^1,6		200,000		189,292
Santander UK Group Holdings PLC (United Kingdom)
2.88%		08/05/21	¹		165,000		159,727
3.37%		01/05/24	^1,6		200,000		189,865
Wells Fargo & Co. 3.00%		04/22/26			145,000		135,049
3.00%		10/23/26			250,000		231,669
(LIBOR USD 3-Month plus 1.23%)
3.76%		10/31/23	²		150,000		149,565
Wells Fargo & Co. (MTN)
2.63%		07/22/22			45,000		43,363
3.58%		05/22/28	⁶		325,000		312,159
Wells Fargo Bank N.A. (BKNT)
3.33%		07/23/21	⁶		250,000		249,813
3.63%		10/22/21			270,000		271,706


							5,986,793


Communications — 2.99%
AT&T, Inc.
4.80%		06/15/44			350,000		312,944
5.25%		03/01/37			265,000		260,948
CBS Corp.
3.38%		02/15/28			150,000		136,268
CCO Holdings LLC/CCO Holdings
Capital Corp.
5.13%		05/01/27	³		48,000		44,767


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Communications (continued)
Charter Communications Operating LLC/Charter Communications Operating Capital
6.48%		10/23/45		$	200,000	$	206,020
Clear Channel International BV
(Netherlands)
8.75%		12/15/20	^1,3		19,000		19,214
Comcast Corp. 2.35%		01/15/27			100,000		89,229
Discovery Communications LLC
2.80%		06/15/20	³		150,000		148,462
Intelsat Jackson Holdings SA (Luxembourg)
5.50%		08/01/23	¹		19,000		16,625
8.50%		10/15/24	^1,3		31,000		30,012
9.75%		07/15/25	^1,3		40,000		40,312
Level 3 Financing, Inc.
5.13%		05/01/23			20,000		19,375
5.38%		01/15/24			40,000		38,072
5.38%		05/01/25			20,000		18,737
Sprint Capital Corp.
8.75%		03/15/32			27,000		28,553
Sprint Communications, Inc.
7.00%		03/01/20	³		30,000		30,825
Sprint Corp.
7.13%		06/15/24			27,000		26,807
7.63%		03/01/26			25,000		24,750
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC
3.36%		09/20/21	³		137,500		135,609
4.74%		03/20/25	³		200,000		196,750
T-Mobile USA, Inc.
4.50%		02/01/26			45,000		41,850
4.75%		02/01/28			45,000		40,781
6.00%		04/15/24			40,000		40,100
Verizon Communications, Inc.
4.13%		08/15/46			240,000		213,374
4.86%		08/21/46			50,000		49,297
Vodafone Group PLC (United Kingdom)
4.38%		05/30/28	¹		100,000		97,191
Warner Media LLC
3.88%		01/15/26			200,000		191,309


							2,498,181


Consumer Discretionary — 0.82%
Anheuser-Busch Cos LLC/Anheuser-Busch
InBev Worldwide, Inc.
3.65%		02/01/26	³		200,000		189,249
Anheuser-Busch InBev Worldwide, Inc.
4.00%		04/13/28			145,000		138,962


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Consumer Discretionary (continued)
Bacardi Ltd. (Bermuda)
5.30%		05/15/48	^1,3	$	100,000	$	90,595
Central Garden & Pet Co.
5.13%		02/01/28			31,000		27,900
6.13%		11/15/23			40,000		40,200
Reynolds American, Inc.
4.45%		06/12/25			175,000		168,974
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Luxembourg S.A.
(LIBOR USD 3-Month plus 3.50%)
5.94%		07/15/21	^2,3		25,000		24,969


							680,849


Electric — 3.02%
Duke Energy Carolinas LLC
3.75%		06/01/45			355,000		324,836
Entergy Texas, Inc.
3.45%		12/01/27			250,000		240,034
NextEra Energy Capital Holdings, Inc.
(LIBOR USD 3-Month plus 0.48%)
3.06%		05/04/21	²		485,000		480,442
Pacific Gas & Electric Co.
3.30%		12/01/27			75,000		61,547
Pennsylvania Electric Co.
5.20%		04/01/20			400,000		409,540
Puget Energy, Inc.
6.00%		09/01/21			250,000		264,620
Southern Co. Gas Capital Corp.
3.25%		06/15/26			500,000		471,214
Southwestern Electric Power Co., Series K
2.75%		10/01/26			300,000		275,296


							2,527,529


Energy — 3.67%
Antero Resources Corp.
5.00%		03/01/25			30,000		27,300
5.13%		12/01/22			30,000		28,500
Cheniere Energy Partners LP
5.25%		10/01/25			45,000		42,131
CrownRock LP/CrownRock Finance, Inc.
5.63%		10/15/25	³		10,000		9,113
Diamondback Energy, Inc.
4.75%		11/01/24			15,000		14,513
4.75%		11/01/24	³		3,000		2,903
5.38%		05/31/25			9,000		8,910
Energy Transfer LP
5.50%		06/01/27			3,000		2,933
5.88%		01/15/24			70,000		71,450


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Energy (continued)
EQM Midstream Partners LP
4.13%		12/01/26		$	350,000	$	314,935
Florida Gas Transmission Co. LLC
7.90%		05/15/19	³		200,000		203,184
Gulfport Energy Corp.
6.38%		05/15/25			13,000		11,554
KazMunayGas National Co. JSC, Series REGS (Kazakhstan)
5.38%		04/24/30	¹		200,000		197,250
Kinder Morgan, Inc.
4.30%		03/01/28			175,000		172,029
5.63%		11/15/23	³		200,000		211,643
Matador Resources Co.
5.88%		09/15/26			15,000		13,875
NiSource, Inc.
2.65%		11/17/22			150,000		144,574
Parsley Energy LLC/Parsley Finance Corp.
5.25%		08/15/25	³		10,000		9,100
5.38%		01/15/25	³		35,000		32,375
Peru LNG Srl, Series REGS (Peru)
5.38%		03/22/30	¹		200,000		194,510
Petroleos Mexicanos (Mexico)
6.50%		03/13/27	¹		45,000		42,413
6.50%		01/23/29	¹		230,000		214,567
Plains All American Pipeline LP/PAA Finance Corp.
4.65%		10/15/25			125,000		122,867
Range Resources Corp.
4.88%		05/15/25			20,000		16,500
5.00%		03/15/23			43,000		38,001
Rockies Express Pipeline LLC
5.63%		04/15/20	³		142,000		142,710
Ruby Pipeline LLC
6.00%		04/01/22	³		168,182		172,930
Sabine Pass Liquefaction LLC
5.75%		05/15/24			65,000		67,676
Sunoco Logistics Partners Operations LP
5.40%		10/01/47			200,000		179,595
Texas Eastern Transmission LP
2.80%		10/15/22	³		150,000		144,416
Transocean Guardian Ltd. (Cayman Islands)
5.88%		01/15/24	^1,3		31,000		29,837
Transocean Pontus Ltd. (Cayman Islands)
6.13%		08/01/25	^1,3		33,000		32,010
Transocean Proteus Ltd. (Cayman Islands)
6.25%		12/01/24	^1,3		15,200		14,630
Williams Cos., Inc. (The)
3.70%		01/15/23			110,000		107,445


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Energy (continued)
WPX Energy, Inc.
5.75%		06/01/26		$	30,000	$	27,300


							3,065,679


Finance — 4.87%
Air Lease Corp.
3.38%		01/15/19			250,000		249,918
Citibank N.A. (BKNT)
3.05%		05/01/20			565,000		564,392
3.40%		07/23/21			250,000		250,406
Citigroup, Inc.
3.67%		07/24/28	⁶		405,000		385,268
Ford Motor Credit Co. LLC
3.16%		08/04/20			275,000		269,448
3.20%		01/15/21			175,000		169,659
8.13%		01/15/20			300,000		310,065
(LIBOR USD 3-Month plus 1.27%)
4.08%		03/28/22	²		115,000		109,935
GE Capital International Funding Co. (Ireland)
2.34%		11/15/20	¹		225,000		217,153
General Motors Financial Co., Inc.
3.55%		04/09/21			95,000		93,742
Goldman Sachs Group, Inc. (The)
3.69%		06/05/28	⁶		200,000		187,342
3.81%		04/23/29	⁶		145,000		135,532
4.22%		05/01/29	⁶		45,000		43,438
Morgan Stanley
(LIBOR USD 3-Month plus 0.93%)
3.40%		07/22/22	²		500,000		493,227
Morgan Stanley (GMTN)
7.30%		05/13/19			500,000		507,635
Nationwide Building Society (United Kingdom)
3.77%		03/08/24	^1,3,6		85,000		81,885


							4,069,045


Food — 1.28%
Campbell Soup Co.
(LIBOR USD 3-Month plus 0.50%)
3.29%		03/16/20	²		140,000		138,779
Chobani LLC/Chobani Finance Corp., Inc.
7.50%		04/15/25	³		22,000		17,435
General Mills, Inc.
4.20%		04/17/28			145,000		142,358
Kraft Heinz Foods Co.
3.00%		06/01/26			200,000		178,707
4.63%		01/30/29			190,000		188,231


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Food (continued)
Mondelez International Holdings Netherlands BV (Netherlands)
1.63%		10/28/19	^1,3	$	300,000	$	296,383
Post Holdings, Inc.
5.63%		01/15/28	³		20,000		18,475
5.75%		03/01/27	³		97,000		91,423


							1,071,791


Gaming — 0.03%
Churchill Downs, Inc.
4.75%		01/15/28	³		30,000		27,291


Health Care — 5.83%
Abbott Laboratories
3.75%		11/30/26			117,000		115,685
AbbVie, Inc.
3.60%		05/14/25			100,000		96,053
4.50%		05/14/35			50,000		46,386
Amgen, Inc.
4.40%		05/01/45			200,000		187,746
Anthem, Inc.
2.25%		08/15/19			200,000		198,958
3.65%		12/01/27			145,000		138,741
Bausch Health Cos., Inc. (Canada)
5.50%		11/01/25	^1,3		124,000		116,095
6.13%		04/15/25	^1,3		10,000		8,725
Bayer U.S. Finance II LLC
4.38%		12/15/28	³		200,000		190,691
Bayer U.S. Finance LLC
2.38%		10/08/19	³		200,000		198,887
Becton Dickinson and Co.
(LIBOR USD 3-Month plus 0.88%)
3.68%		12/29/20	²		250,000		247,558
Boston Scientific Corp.
6.00%		01/15/20			200,000		204,751
Catalent Pharma Solutions, Inc.
4.88%		01/15/26	³		30,000		28,575
Celgene Corp.
5.00%		08/15/45			320,000		296,296
Centene Corp.
4.75%		01/15/25			25,000		23,937
5.38%		06/01/26	³		52,000		50,911
5.63%		02/15/21			43,000		43,215
CHS/Community Health Systems, Inc.
8.63%		01/15/24	³		14,000		13,895
Cigna Corp.
4.13%		11/15/25	³		375,000		375,027
CVS Health Corp.
5.05%		03/25/48			240,000		234,304


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Health Care (continued)
Fresenius Medical Care U.S. Finance II, Inc.
4.13%		10/15/20	³	$	400,000	$	402,832
5.63%		07/31/19	³		300,000		303,421
Fresenius U.S. Finance II, Inc.
4.25%		02/01/21	³		150,000		150,321
Gilead Sciences, Inc.
4.15%		03/01/47			205,000		189,288
HCA, Inc.
4.75%		05/01/23			30,000		29,625
5.00%		03/15/24			80,000		79,400
5.25%		04/15/25			23,000		22,943
6.50%		02/15/20			54,000		55,485
Hologic, Inc.
4.63%		02/01/28	³		55,000		49,857
Humana, Inc.
2.90%		12/15/22			195,000		188,976
Molina Healthcare, Inc.
5.38%		11/15/22			83,000		80,095
Shire Acquisitions Investments Ireland DAC (Ireland)
1.90%		09/23/19	¹		300,000		295,848
Teleflex, Inc.
4.63%		11/15/27			10,000		9,313
Tenet Healthcare Corp.
4.63%		07/15/24			46,000		42,953
4.75%		06/01/20			10,000		10,006
Teva Pharmaceutical Finance Netherlands III BV (Netherlands)
1.70%		07/19/19	¹		63,000		62,167
Valeant Pharmaceuticals International
9.25%		04/01/26	³		7,000		7,017
WellCare Health Plans, Inc.
5.25%		04/01/25			77,000		74,401


							4,870,384


Industrials — 2.30%
Amcor Finance USA, Inc.
4.50%		05/15/28	³		145,000		144,381
BAE Systems Holdings, Inc.
2.85%		12/15/20	³		200,000		197,459
Ball Corp.
4.00%		11/15/23			30,000		29,175
Berry Global, Inc.
4.50%		02/15/26	³		13,000		11,927
5.13%		07/15/23			6,000		5,949
Crown Americas LLC/Crown Americas Capital Corp. V
4.25%		09/30/26			21,000		18,926


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Industrials (continued)
General Electric Co. (GMTN)
4.63%		01/07/21		$	100,000	$	100,338
5.50%		01/08/20			160,000		161,920
General Electric Co. (MTN)
4.65%		10/17/21			50,000		50,205
5.55%		01/05/26			130,000		129,135
(LIBOR USD 3-Month plus 0.48%)
3.10%		08/15/36	²		600,000		414,020
Graphic Packaging International LLC
4.88%		11/15/22			55,000		54,313
Itron, Inc.
5.00%		01/15/26	³		30,000		27,525
L3 Technologies, Inc.
4.40%		06/15/28			145,000		145,557
Multi-Color Corp.
4.88%		11/01/25	³		50,000		43,125
Northrop Grumman Corp.
3.20%		02/01/27			150,000		140,901
OI European Group BV (Netherlands)
4.00%		03/15/23	^1,3		15,000		14,063
Silgan Holdings, Inc.
4.75%		03/15/25			60,000		56,250
Westrock Co.
4.65%		03/15/26	³		175,000		177,939


							1,923,108

Information Technology — 0.57%
Broadcom Corp./Broadcom Cayman Finance Ltd.
2.38%		01/15/20			200,000		197,545
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc.
5.75%		03/01/25	³		28,000		26,180
Dell International LLC/EMC Corp.
3.48%		06/01/19	³		250,000		249,286


							473,011

Insurance — 1.06%
Farmers Exchange Capital II
6.15%		11/01/53	^3,6		450,000		487,711
Nationwide Mutual Insurance Co.
5.08%		12/15/24	^3,6		400,000		398,000


							885,711

Materials — 0.30%
Indonesia Asahan Aluminum Persero PT (Indonesia)
6.53%		11/15/28	^1,3		200,000		210,250


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Materials (continued)
Valvoline, Inc.
5.50%		07/15/24		$	40,000	$	39,220


							249,470

Real Estate Investment Trust (REIT) — 3.49%
Alexandria Real Estate Equities, Inc.
3.45%		04/30/25			200,000		192,529
American Campus Communities Operating Partnership LP
3.35%		10/01/20			125,000		124,545
American Tower Corp.
3.00%		06/15/23			150,000		144,467
Boston Properties LP
2.75%		10/01/26			200,000		180,952
CC Holdings GS V LLC/Crown Castle GS III Corp.
3.85%		04/15/23			200,000		198,144
Digital Realty Trust LP
5.88%		02/01/20			145,000		147,967
GLP Capital LP/GLP Financing II, Inc.
5.30%		01/15/29			65,000		63,925
5.38%		04/15/26			205,000		203,260
HCP, Inc.
3.88%		08/15/24			325,000		319,655
SL Green Realty Corp.
4.50%		12/01/22			200,000		202,573
Ventas Realty LP
4.40%		01/15/29			250,000		249,251
VEREIT Operating Partnership LP
3.00%		02/06/19			240,000		239,917
WEA Finance LLC/Westfield UK & Europe Finance PLC
2.70%		09/17/19	³		250,000		248,724
Welltower, Inc.
3.75%		03/15/23			400,000		399,660


							2,915,569

Retail — 0.97%
Alimentation Couche-Tard, Inc. (Canada)
2.70%		07/26/22	^1,3		45,000		43,460
BC ULC/New Red Finance, Inc. (Canada)
4.25%		05/15/24	^1,3		20,000		18,450
Dollar Tree, Inc. (LIBOR USD 3-Month plus 0.70%)
3.15%		04/17/20	²		250,000		248,452
Home Depot, Inc. (The)
3.90%		12/06/28			50,000		51,142
Rite Aid Corp.
6.13%		04/01/23	³		72,000		57,150


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Retail (continued)
Walgreens Boots Alliance, Inc.
3.80%		11/18/24		$	400,000	$	394,267


							812,921

Services — 0.29%
IHS Markit Ltd. (Bermuda)
4.00%		03/01/26	^1,3		7,000		6,527
4.75%		08/01/28	¹		35,000		34,315
5.00%		11/01/22	^1,3		170,000		172,550
Matthews International Corp.
5.25%		12/01/25	³		30,000		27,975


							241,367

Transportation — 1.31%
Avolon Holdings Funding Ltd. (Cayman Islands)
5.13%		10/01/23	^1,3		56,000		53,620
Continental Airlines Pass-Through Trust, Series 2007-1, Class B
6.90%		04/19/22			573,137		589,815
Delta Air Lines Pass-Through Trust, Series 2002-1, Class G1
6.72%		01/02/23			331,527		352,442
Union Pacific Corp.
3.95%		09/10/28			100,000		100,262


							1,096,139


Total Corporates
(Cost $34,100,803)							33,394,838

FOREIGN GOVERNMENT OBLIGATIONS — 1.11%
Foreign Government Obligations — 1.11%
Argentine Republic Government International Bond (Argentina)
6.88%		04/22/21	¹		150,000		135,975
Bahrain Government International Bond, Series REGS (Bahrain)
7.00%		10/12/28	¹		200,000		200,500
Brazilian Government International Bond (Brazil)
4.63%		01/13/28	¹		200,000		193,040
Qatar Government International Bond (Qatar)
4.50%		04/23/28	¹		200,000		208,940
Republic of South Africa Government International Bond (Saudi Arabia))
4.88%		04/14/26	¹		200,000		190,780


Total Foreign Government Obligations
(Cost $931,584)							929,235


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED — 43.04%**
Non-Agency Commercial
Mortgage-Backed — 5.05%
Banc of America Commercial Mortgage Trust, Series 2007-5, Class AJ
6.03%		02/10/51	⁶	$	178,950	$	180,171
Banc of America Merrill Lynch Commercial Mortgage Trust, Series 2018-PARK, Class A
4.09%		08/10/38	^3,6		140,000		145,814
Banc of America Merrill Lynch Trust, Series 2011-FSHN, Class A
4.42%		07/11/33	³		100,000		102,006
CGRBS Commercial Mortgage Trust, Series 2013-VN05, Class A
3.37%		03/13/35	³		80,000		80,189
Citigroup Commercial Mortgage Trust, Series 2012-GC8, Class XA (IO)
1.80%		09/10/45	^3,6		1,622,115		81,126
COBALT CMBS Commercial Mortgage Trust, Series 2007-C2, Class X (IO)
0.29%		04/15/47	^3,6		10,097,038		19,163
Commercial Mortgage Trust, Series 2006-GG7, Class AM
5.67%		07/10/38	⁶		264,954		265,950
Commercial Mortgage Trust, Series 2013-CR12, Class XA (IO)
1.18%		10/10/46	⁶		1,987,151		87,212
Commercial Mortgage Trust, Series 2014-UBS5, Class XA (IO)
1.02%		09/10/47	^4,5,6		2,766,070		92,125
Commercial Mortgage Trust, Series 2015-CR26, Class XA (IO)
0.96%		10/10/48	^4,5,6		3,392,064		168,715
Commercial Mortgage Trust, Series 2018-HOME, Class A
3.82%		04/10/33	^3,6		190,000		190,514
Credit Suisse Commercial Mortgage Trust, Series 2007-C2, Class AJ
5.72%		01/15/49	⁶		207,427		209,188
GS Mortgage Securities Trust, Series 2012-GC6, Class XB (IO)
0.20%		01/10/45	^3,6		5,749,132		38,072
GS Mortgage Securities Trust, Series 2013-GC12, Class XA (IO)
1.44%		06/10/46	⁶		7,658,876		357,451
JPMBB Commercial Mortgage Securities Trust, Series 2013-C15, Class XA (IO)
1.09%		11/15/45	⁶		3,087,621		132,900
JPMBB Commercial Mortgage Securities Trust, Series 2014-C24, Class XA (IO)
0.97%		11/15/47	⁶		3,099,849		108,030
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2013-C13, Class XA (IO)
0.20%		01/15/46	⁶		9,030,564		44,278


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Commercial
Mortgage-Backed (continued)
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2013-LC11, Class XA (IO)
1.27%		04/15/46	⁶	$	1,555,691	$	70,541
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2018-BCON, Class A
3.73%		01/05/31	³		95,000		96,640
Morgan Stanley Capital I Trust, Series 2011-C3, Class A3
4.05%		07/15/49			427,831		428,994
SFAVE Commercial Mortgage Securities Trust, Series 2015-5AVE, Class A2A
3.66%		01/05/43	^3,6		120,000		113,536
UBS Commercial Mortgage Trust, Series 2012-C1, Class XA (IO)
2.07%		05/10/45	^3,6		1,829,893		101,075
UBS Commercial Mortgage Trust, Series 2018-C12, Class A1
3.29%		08/15/51			466,644		468,229
Wells Fargo Commercial Mortgage Trust, Series 2015-C26, Class XA (IO)
1.23%		02/15/48	⁶		6,179,972		354,170
WF-RBS Commercial Mortgage Trust, Series 2011-C5, Class XA (IO)
1.74%		11/15/44	^3,6		3,588,909		136,145
WF-RBS Commercial Mortgage Trust, Series 2012-C9, Class XA (IO)
1.88%		11/15/45	^3,6		1,102,865		65,626
WF-RBS Commercial Mortgage Trust, Series 2013-C14, Class XA (IO)
0.74%		06/15/46	⁶		3,131,953		83,545


							4,221,405

Non-Agency Mortgage-Backed — 28.73%
ACE Securities Corp. Home Equity Loan Trust, Series 2006-HE3, Class A2C
(LIBOR USD 1-Month plus 0.15%)
2.66%		06/25/36	²		1,482,136		1,189,241
Banc of America Alternative Loan Trust, Series 2005-2, Class 4A1
5.50%		03/25/20			62,037		59,460
Banc of America Funding Trust, Series 2006-3, Class 5A3
5.50%		03/25/36			359,100		336,204
BCAP LLC Trust, Series 2011-RR3, Class 5A3
3.95%		11/27/37	^3,6		351,741		351,399
Bear Stearns ALT-A Trust, Series 2005-1, Class A1
(LIBOR USD 1-Month plus 0.56%)
3.07%		01/25/35	²		144,974		144,385


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Chase Mortgage Finance Trust, Series 2007-A1, Class 8A1
4.68%		02/25/37	⁶	$	119,188	$	122,413
Conseco Finance Corp., Series 1996-7, Class M1
7.70%		09/15/26	⁶		277,944		296,294
Conseco Finance Corp., Series 1998-3, Class A6
6.76%		03/01/30	⁶		203,549		211,871
Conseco Finance Corp., Series 1998-4, Class A6
6.53%		04/01/30	⁶		273,374		286,532
Conseco Finance Corp., Series 1998-4, Class A7
6.87%		04/01/30	⁶		135,366		142,678
Conseco Finance Corp., Series 1999-5, Class A5
7.86%		03/01/30	⁶		81,181		58,527
Conseco Finance Home Equity Loan Trust, Series 2002-C, Class BF1
8.00%		06/15/32	⁶		343,661		348,762
Conseco Finance Home Equity Loan Trust, Series 2002-C, Class BF2
8.00%		06/15/32	^3,6		476,720		493,172
Conseco Finance Securitizations Corp., Series 2001-4, Class A4
7.36%		08/01/32	⁶		83,747		85,377
Credit Suisse Mortgage Capital, Series 2014-4R, Class 16A1
(LIBOR USD 1-Month plus 0.20%)
2.52%		02/27/36	^2,3		97,357		97,281
Credit-Based Asset Servicing and Securitization LLC, Mortgage Loan Trust, Series 2007-CB2, Class A2B (STEP-reset date 02/25/19)
4.10%		02/25/37			1,094,795		846,001
Credit-Based Asset Servicing and Securitization LLC, Mortgage Loan Trust, Series 2007-CB2, Class A2C (STEP-reset date 02/25/19)
4.10%		02/25/37			361,510		279,320
Credit-Based Asset Servicing and Securitization LLC, Mortgage Loan Trust, Series 2007-CB3, Class A3 (STEP-reset date 02/25/19)
3.82%		03/25/37			1,071,592		612,155
First Franklin Mortgage Loan Trust, Series 2006-FF18, Class A2B
(LIBOR USD 1-Month plus 0.11%)
2.62%		12/25/37	²		676,695		583,467
First Franklin Mortgage Loan Trust, Series 2007-FF1, Class A2D
(LIBOR USD 1-Month plus 0.22%)


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
2.73%		01/25/38	²	$	2,283,689	$	1,687,465
First Franklin Mortgage Loan Trust, Series 2007-FF2, Class A2B
(LIBOR USD 1-Month plus 0.10%)
2.61%		03/25/37	²		751,493		509,837
GMACM Mortgage Corp. Loan Trust, Series 2006-AR1, Class 1A1
3.83%		04/19/36	⁶		382,623		340,849
GreenPoint Mortgage Funding Trust, Series 2006-AR8,Class 1A2A⁷
0.00%		^4,8,†			2,140,000		—
GSR Mortgage Loan Trust, Series 2007-AR2, Class 5A1A
4.31%		05/25/37	⁶		480,547		429,085
HSI Asset Loan Obligation Trust, Series 2007-2, Class 2A12
6.00%		09/25/37			367,675		328,521
Impac CMB Trust, Series 2004-4, Class 1A2 (LIBOR USD 1-Month plus 0.62%)
3.13%		09/25/34	²		307,317		304,510
IndyMac Index Mortgage Loan Trust, Series 2005-AR25, Class 2A1
3.80%		12/25/35	⁶		425,805		405,156
IndyMac Index Mortgage Loan Trust, Series 2007-FLX2, Class A1C
(LIBOR USD 1-Month plus 0.19%)
2.70%		04/25/37	²		1,636,563		1,483,523
IndyMac Manufactured Housing Contract Pass-Through Certificates, Series 1997-1, Class A3
6.61%		02/25/28			183,368		184,970
IndyMac Manufactured Housing Contract Pass-Through Certificates, Series 1997-1, Class A4
6.75%		02/25/28			77,192		78,008
IndyMac Manufactured Housing Contract Pass-Through Certificates, Series 1998-1, Class A4
6.49%		09/25/28			92,995		98,829
IndyMac Manufactured Housing Contract Pass-Through Certificates, Series 1998-1, Class A5
6.96%		09/25/28	⁶		224,149		235,688
JPMorgan Mortgage Acquisition Trust, Series 2007-HE1, Class AF6 (STEP-reset date 02/25/19)
4.26%		03/25/47			867,372		653,123
JPMorgan Mortgage Trust, Series 2006-S2, Class 2A2
5.88%		06/25/21			172,901		163,570


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
JPMorgan Mortgage Trust, Series 2007-S1, Class 1A2
5.50%		03/25/22		$	81,033	$	91,033
Lehman ABS Manufactured Housing Contract Trust, Series 2001-B, Class A6
6.47%		04/15/40	⁶		28,590		28,796
Lehman XS Trust, Series 2006-13, Class 1A2
(LIBOR USD 1-Month plus 0.17%)
2.68%		09/25/36	²		176,179		171,927
Lehman XS Trust, Series 2006-9, Class A1B
(LIBOR USD 1-Month plus 0.16%)
2.67%		05/25/46	²		130,089		194,388
MASTR Asset-Backed Securities Trust, Series 2007-HE1, Class A4 (LIBOR USD 1-Month plus 0.28%)
2.79%		05/25/37	²		1,810,500		1,540,972
Merrill Lynch Alternative Note Asset Trust, Series 2007-A3, Class A2D (LIBOR USD 1-Month plus 0.33%)
2.84%		04/25/37	^2,4,5		1,696,107		161,308
Merrill Lynch Mortgage Investors Trust, Series 2004-HE2, Class A2C (LIBOR USD 1-Month plus 1.16%)
3.67%		08/25/35	²		709,726		665,464
Mid-State Capital Corp., Series 2004-1, Class B
8.90%		08/15/37			620,036		709,107
Mid-State Capital Corp., Series 2004-1, Class M1
6.50%		08/15/37			428,821		453,701
Mid-State Capital Corp., Series 2005-1, Class A
5.75%		01/15/40			178,954		192,739
Mid-State Trust XI, Series 2011, Class B
8.22%		07/15/38			9,781		11,137
Morgan Stanley Mortgage Loan Trust, Series 2004-7AR, Class 2A4
3.95%		09/25/34	⁶		295,837		290,523
Morgan Stanley Mortgage Loan Trust, Series 2006-7, Class 5A2
5.96%		06/25/36	⁶		2,454,571		1,041,628
Oakwood Mortgage Investors, Inc., Series 1998-A,Class M
6.83%		05/15/28	⁶		207,734		215,345
Oakwood Mortgage Investors, Inc., Series 1999-B, Class A4
6.99%		12/15/26			338,797		352,668
Oakwood Mortgage Investors, Inc., Series 2001-D, Class A3
5.90%		09/15/22	⁶		859,264		680,745


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Oakwood Mortgage Investors, Inc., Series 2002-A, Class A3
6.03%		05/15/24	⁶	$	338,366	$	351,181
Residential Accredit Loans Trust, Series 2005-QA3,Class NB1
3.78%		03/25/35	⁶		367,167		240,398
SG Mortgage Securities Trust, Series 2007-NC1, Class A2
(LIBOR USD 1-Month plus 0.24%)
2.75%		12/25/36	^2,3		1,534,126		1,023,141
Specialty Underwriting & Residential Finance Trust, Series 2006-AB3, Class A2B
(LIBOR USD 1-Month plus 0.15%)
2.66%		09/25/37	²		585,163		346,805
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-12, Class 2A
4.24%		09/25/34	⁶		395,883		390,364
Terwin Mortgage Trust, Series 2004-7HE, Class A1
(LIBOR USD 1-Month plus 0.55%)
3.06%		07/25/34	^2,3		98,925		96,527
WaMu Mortgage Pass-Through Certificates, Series 2005-AR8, Class 2A1A
(LIBOR USD 1-Month plus 0.58%)
3.09%		07/25/45	²		86,809		86,009
Wells Fargo Home Equity Asset-Backed Securities, Series 2007-1, Class A3
(LIBOR USD 1-Month plus 0.32%)
2.83%		03/25/37	²		1,500,000		1,228,100


							24,011,679

U.S. Agency Commercial
Mortgage-Backed — 3.36%
Fannie Mae-Aces, Series 2011-M5, Class X (IO)
1.04%		07/25/21	⁶		4,088,465		94,138
Fannie Mae-Aces, Series 2012-M14, Class X2 (IO)
44.80%		09/25/22	⁶		5,383,521		70,659
Fannie Mae-Aces, Series 2016-M11, Class AL
2.94%		07/25/39			359,062		350,646
Fannie Mae-Aces, Series 2016-M11, Class X2 (IO)
2.71%		07/25/39	⁶		2,056,447		90,102
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K021, Class X3 (IO)
1.97%		07/25/40	⁶		850,000		56,263


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
U.S. Agency Commercial
Mortgage-Backed (continued)
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K022, Class X3 (IO)
1.81%		08/25/40	⁶	$	850,000	$	51,268
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K157, Class A3
3.99%		08/25/33	⁶		250,000		259,717
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K712, Class X1 (IO)
1.33%		11/25/19	⁶		5,562,644		41,247
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K714, Class X1 (IO)
0.66%		10/25/20	⁶		10,749,362		107,547
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KAIV, Class X2 (IO)
3.61%		06/25/41	⁶		1,220,000		97,472
Freddie Mac Multifamily Structured Pass-Through Certificates, Series Q004, Class A2H
2.87%		01/25/21	⁶		504,396		503,963
Freddie Mac Multifamily Structured Pass-Through Certificates, Series Q006, Class APT1
2.58%		07/25/26	⁶		470,258		476,527
Ginnie Mae, Series 2008-92, Class E
5.56%		03/16/44	⁶		195,311		197,600
Ginnie Mae, Series 2009-114, Class IO (IO)
0.00%		10/16/49	⁶		7,586,848		8,573
Ginnie Mae, Series 2014-103, Class IO (IO)
0.61%		05/16/55	⁶		2,593,189		86,928
Ginnie Mae, Series 2014-125, Class IO (IO)
0.97%		11/16/54	⁶		2,448,023		154,396
Ginnie Mae, Series 2014-88, Class IE (IO)
0.33%		03/16/55	⁶		3,721,692		91,194
Ginnie Mae, Series 2015-47, Class IO (IO)
0.83%		10/16/56	⁶		1,417,543		72,732


							2,810,972

U.S. Agency Mortgage-Backed — 5.90%
Fannie Mae Pool 463408
5.25%		08/01/24			261,426		287,563
Fannie Mae Pool 874941
6.32%		11/01/37			499,955		549,240
Fannie Mae Pool AN6168
3.13%		07/01/32			200,000		188,837
Fannie Mae Pool AN7345
3.21%		11/01/37			461,232		435,835


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
Fannie Mae Pool AN9163
3.49%		05/01/30		$	350,000	$	348,418
Fannie Mae Pool AN9420
3.77%		07/01/43			247,721		250,635
Fannie Mae Pool AN9619
3.77%		06/01/33			285,000		288,708
Fannie Mae Pool BL0242
3.82%		11/01/30			250,000		256,118
Fannie Mae REMICS, Series 1993-80, Class S LIBOR USD 1-Month
7.81%		05/25/23	²		1,660		1,796
Fannie Mae REMICS, Series 2000-45, Class SA (IO) LIBOR USD 1-Month
5.50%		12/18/30	²		243,679		25,598
Fannie Mae REMICS, Series 2001-42, Class SB LIBOR USD 1-Month
8.50%		09/25/31	²		580		673
Fannie Mae REMICS, Series 2003-124, Class TS LIBOR USD 1-Month
9.80%		01/25/34	²		6,437		7,421
Fannie Mae REMICS, Series 2005-92, Class US (IO) (-1.00 X LIBOR USD 1-Month plus 6.10%, 6.10% Cap)
3.59%		10/25/25	²		1,211,778		92,019
Fannie Mae REMICS, Series 2006-125, Class SM (IO) LIBOR USD 1-Month
4.69%		01/25/37	²		1,109,128		199,870
Fannie Mae REMICS, Series 2008-50, Class SA (IO) LIBOR USD 1-Month
3.54%		11/25/36	²		1,352,424		178,758
Fannie Mae REMICS, Series 2010-43, Class KS (IO) (-1.00 X LIBOR USD 1-Month plus 6.42%, 6.42% Cap)
3.91%		05/25/40	²		1,156,125		178,029
Freddie Mac Gold Pool WA3303
3.83%		05/01/35			448,977		457,888
Freddie Mac REMICS, Series 1602, Class SN Prime Rate
10.09%		10/15/23	²		14,290		15,339
Freddie Mac REMICS, Series 1673, Class SD US Treasury Yield Curve Rate T Note Constant Maturity 10 Year
13.34%		02/15/24	²		83,015		95,399


Issues	Maturity Date		Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
Freddie Mac REMICS, Series 2642, Class BW (IO)
5.00%		06/15/23	$	1,664	$	30
Freddie Mac REMICS, Series 2990, Class ND LIBOR USD 1-Month
10.65%		12/15/34²		24,945		25,795
Freddie Mac REMICS, Series 3242, Class SA (IO) LIBOR USD 1-Month
3.89%		11/15/36²		3,783,722		532,971
Freddie Mac REMICS, Series 3247, Class SI (IO) LIBOR USD 1-Month
0.15%		08/15/36²		15,704,631		88,502
Freddie Mac REMICS, Series 3260, Class AS (IO) LIBOR USD 1-Month
3.92%		01/15/37²		2,416,270		311,546
Freddie Mac REMICS, Series 3289, Class SD (IO) LIBOR USD 1-Month
3.66%		03/15/37²		871,509		53,157
Ginnie Mae, Series 2004-8, Class SE LIBOR USD 1-Month
9.67%		11/26/23²		52,775		57,289


						4,927,434

Total Mortgage-Backed
(Cost $37,736,424)						35,971,490


MUNICIPAL BONDS — 1.06%*
California — 0.62%
San Jose Redevelopment Agency Successor Agency, Series A-T
3.23%		08/01/27		225,000		220,833
State of California, Taxable, Miscellaneous Revenue Bonds, Series B
2.19%		04/01/47		300,000		297,921


						518,754

New York — 0.44%
New York City Transitional Finance Authority Revenue, Future Tax Secured Revenue, Build America Bonds
5.81%		08/01/30		350,000		365,673

Total Municipal Bonds
(Cost $893,590)						884,427

Issues

Maturity
Date

Principal

Amount

Value

U.S. TREASURY SECURITIES — 0.10%

U.S. Treasury Notes — 0.10%

U.S. Treasury Notes

2.75%

09/30/20

$85,000

$85,334

Total U.S. Treasury Securities

(Cost $85,114)

Total Bonds – 98.59%

(Cost $85,279,450)

82,401,712

Issues

Maturity
Date

Principal

Amount/

Shares

Value

SHORT-TERM INVESTMENTS — 1.64%

Money Market Funds — 0.31%

Morgan Stanley Institutional Liquidity Funds-Government Portfolio

2.30%⁹

262,000

U.S. Treasury Bills — 1.33%

U.S. Treasury Bills

2.38%¹⁰

02/19/19

1,000,000

996,842

2.38%^10,11

03/28/19

111,000

110,380

1,107,222

Total Short-Term Investments

(Cost $1,369,214)

1,369,222

Total Investments – 100.23%

(Cost $86,648,664)

83,770,934

Liabilities in Excess of Other
Assets – (0.23)%

(195,649

)

Net Assets – 100.00%

83,575,285

¹	U.S. dollar-denominated security issued by foreign-domiciled entity.

²	Floating rate security. The rate disclosed was in effect at December 31, 2018.

³	Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

⁴	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

⁵	Illiquid security as determined under procedures approved by the Board of Trustees. The aggregate value of illiquid securities is $555,309, which is 0.66% of total net assets.

⁶	Variable rate security. Interest rate disclosed is as of the most recent information available. 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.

⁷	Non-income producing security.

⁸	Security is currently in default with regard to scheduled interest or principal payments.

⁹	Represents the current yield as of December 31, 2018.

¹⁰	Represents annualized yield at date of purchase.

¹¹	Securities, or a portion thereof, pledged as collateral for futures. The total market value of collateral pledged is $110,388.

^†

Fair valued security. The aggregate value of fair valued securities is $482,074, which is 0.58% of total net assets. These securities were not valued utilizing an independent quote but were valued pursuant to guidelines established by the Board of Trustees. This figure represents securities that are priced using a benchmark pricing system and securities that have been deemed permanently stale. See Notes to Financial Statements.

*	Securities with a call or reset feature will have an effective maturity date sooner than the stated maturity.

**	Securities backed by mortgage or consumer loans where payment is periodically made will have an effective maturity date sooner than the stated maturity date.

(BKNT): Banker’s Note, Inc.

(CDO): Collateralized debt obligation

(CLO): Collateralized loan obligation

(GMTN): Global medium-term note

(IO): Interest only

(LIBOR): London InterBank Offer Rate

(MTN): Medium-term note

(STEP): Step coupon bond

(USD): U.S. dollar


Issues	Maturity Date			Principal Amount		Value

BONDS – 98.09%
ASSET-BACKED SECURITIES — 5.98%**
A Voce CLO Ltd., Series 2014-1A, Class A1R (Cayman Islands)
(LIBOR USD 3-Month plus 1.16%)
3.60%		07/15/26^1,2,3		$	24,562,317	$	24,503,470
Academic Loan Funding Trust, Series 2012-1A, Class A2
(LIBOR USD 1-Month plus 1.10%)
3.61%		12/27/44^2,3			29,611,555		29,791,029
AIMCO CLO, Series 2014-AA, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 1.10%)
3.57%		07/20/26^1,2,3			16,516,235		16,458,089
AIMCO CLO, Series 2015-AA, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.85%)
3.29%		01/15/28^1,2,3			13,120,000		12,929,760
Atrium XII, Series 12A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.83%)
3.30%		04/22/27^1,2,3			22,000,000		21,743,016
Babcock & Brown Air Funding I Ltd., Series 2007-1A, Class G1 (Bermuda)
(LIBOR USD 1-Month plus 0.30%)
2.73%		11/14/33^1,2,3			139,663		132,331
Babson CLO Ltd., Series 2016-2A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 1.08%)
3.56%		07/20/28^1,2,3,†			50,005,000		50,006,035
Barings CLO Ltd., Series 2013-IA, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.80%)
3.27%		01/20/28^1,2,3			54,735,000		53,946,433
Barings CLO Ltd., Series 2018-3A, Class A1 (Cayman Islands)
(LIBOR USD 3-Month plus 0.95%)
3.42%		07/20/29^1,2,3			35,930,000		35,386,810
Bayview Commercial Asset Trust, Series 2004-3, Class A1
(LIBOR USD 1-Month plus 0.56%)
3.06%		01/25/35^2,3			1,784,856		1,765,686
Bayview Commercial Asset Trust, Series 2005-1A, Class A1
(LIBOR USD 1-Month plus 0.30%)
2.81%		04/25/35^2,3			3,882,689		3,783,982
BlueMountain CLO Ltd., Series 2015-2A, Class A1R (Cayman Islands)
(LIBOR USD 3-Month plus 0.93%)
3.37%		07/18/27^1,2,3			8,330,000		8,267,097
Brazos Education Loan Authority, Inc., Series 2012-1, Class A1
(LIBOR USD 1-Month plus 0.70%)
3.21%		12/26/35	²		51,681		51,634


Issues	Maturity Date			Principal Amount		Value

ASSET-BACKED SECURITIES (continued)
Brazos Higher Education Authority, Inc., Series 2005-1, Class 1A4
(LIBOR USD 3-Month plus 0.15%)
2.97%		03/26/29	²	$	4,591,667	$	4,568,988
Brazos Higher Education Authority, Inc., Series 2010-1, Class A2
(LIBOR USD 3-Month plus 1.20%)
3.88%		02/25/35	²		14,230,000		14,568,049
Brazos Higher Education Authority, Inc., Series 2011-1, Class A3
(LIBOR USD 3-Month plus 1.05%)
3.73%		11/25/33	²		16,050,000		16,341,028
Brazos Higher Education Authority, Inc., Series 2011-2, Class A3
(LIBOR USD 3-Month plus 1.00%)
3.49%		10/27/36	²		24,361,000		24,663,149
Cifc Funding Ltd., Series 2014-4RA, Class A1A (Cayman Islands)
(LIBOR USD 3-Month plus 1.13%)
3.59%		10/17/30	^1,2,3		16,175,000		15,997,366
CIT Education Loan Trust, Series 2007-1, Class A
(LIBOR USD 3-Month plus 0.09%)
2.91%		03/25/42	^2,3		21,741,874		20,998,434
CIT Education Loan Trust, Series 2007-1, Class B
(LIBOR USD 3-Month plus 0.30%)
3.12%		06/25/42	^2,3		15,217,593		14,151,204
Clear Creek CLO Ltd., Series 2015-1A, Class AR
(Cayman Islands)
(LIBOR USD 3-Month plus 1.20%)
3.67%		10/20/30	^1,2,3		27,190,000		27,041,244
College Loan Corp. Trust I, Series 2005-2, Class B
(LIBOR USD 3-Month plus 0.49%)
2.93%		01/15/37	²		3,135,479		2,961,156
Dryden 30 Senior Loan Fund, Series 2013-30A, Class AR
(Cayman Islands)
(LIBOR USD 3-Month plus 0.82%)
3.44%		11/15/28	^1,2,3		19,066,000		18,816,775
Dryden 33 Senior Loan Fund, Series 2014-33A, Class AR
(Cayman Islands)
(LIBOR USD 3-Month plus 1.43%)
3.87%		10/15/28	^1,2,3		4,000,000		4,000,118
Dryden 71 CLO Ltd., Series 2018-71A, Class A
(Cayman Islands)
(LIBOR USD 3-Month plus 1.15%)
0.00%		01/15/29	^1,2,3,†		73,850,000		73,851,212


Issues	Maturity Date			Principal Amount		Value

ASSET-BACKED SECURITIES (continued)
Dryden XXV Senior Loan Fund, Series 2012-25A, Class ARR (Cayman Islands)
(LIBOR USD 3-Month plus 0.90%)
3.34%		10/15/27	^1,2,3	$	23,850,000	$	23,678,683
Dryden XXVI Senior Loan Fund, Series 2013-26A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.90%)
3.34%		04/15/29	^1,2,3		23,113,000		22,886,578
Education Loan Asset-Backed Trust I, Series 2013-1, Class A1
(LIBOR USD 1-Month plus 0.80%)
3.31%		06/25/26	^2,3		4,268,184		4,284,010
Education Loan Asset-Backed Trust I, Series 2013-1, Class A2
(LIBOR USD 1-Month plus 0.80%)
3.31%		04/26/32	^2,3		12,740,000		12,807,103
Educational Funding of the South, Inc., Series 2011-1, Class A2
(LIBOR USD 3-Month plus 0.65%)
3.14%		04/25/35	²		25,207		25,164
Educational Funding of the South, Inc., Series 2012-1, Class A
(LIBOR USD 1-Month plus 1.05%)
3.56%		03/25/36	²		15,033,694		15,161,583
EFS Volunteer No. 2 LLC, Series 2012-1, Class A2
(LIBOR USD 1-Month plus 1.35%)
3.86%		03/25/36	^2,3		16,085,000		16,388,493
Flatiron CLO Ltd., Series 2015-1A, Class AR
(Cayman Islands)
(LIBOR USD 3-Month plus 0.89%)
3.33%		04/15/27	^1,2,3		7,145,000		7,101,931
GCO Education Loan Funding Trust, Series 2006-1, Class A11L
(LIBOR USD 3-Month plus 0.23%)
2.92%		05/25/36	²		25,000,000		24,389,425
Global SC Finance II SRL, Series 2014-1A, Class A2 (Barbados)
3.09%		07/17/29	^1,3		49,716,792		48,787,318
Goal Capital Funding Trust, Series 2005-2, Class A3
(LIBOR USD 3-Month plus 0.17%)
2.85%		05/28/30	²		3,140,512		3,136,314
Goal Capital Funding Trust, Series 2005-2, Class B
(LIBOR USD 3-Month plus 0.53%)
3.21%		11/25/44	²		9,487,904		9,094,593
Goal Capital Funding Trust, Series 2006-1, Class B
(LIBOR USD 3-Month plus 0.45%)
3.13%		08/25/42	²		2,697,792		2,525,154


Issues	Maturity Date			Principal Amount		Value

ASSET-BACKED SECURITIES (continued)
Goal Structured Solutions Trust, Series 2015-1, Class A
(LIBOR USD 1-Month plus 0.65%)
3.16%		09/25/41	^2,3	$	82,123,571	$	81,787,645
GoldenTree Loan Opportunities IX Ltd., Series 2014-9A, Class AR2 (Cayman Islands)
(LIBOR USD 3-Month plus 1.11%)
3.62%		10/29/29	^1,2,3		5,345,000		5,320,974
J.G. Wentworth XXX LLC,Series 2013-3A, Class A
4.08%		01/17/73	³		815,600		835,644
J.G. Wentworth XXXII LLC,Series 2014-2A, Class A
3.61%		01/17/73	³		47,950,999		47,330,120
LCM XX LP, Series 20A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 1.04%)
3.38%		10/20/27	^1,2,3		8,615,000		8,532,598
LCM XXI LP, Series 21A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.88%)
3.35%		04/20/28	^1,2,3		32,465,000		31,994,939
Limerock CLO III LLC, Series 2014-3A, Class A1R
(Cayman Islands)
(LIBOR USD 3-Month plus 1.20%)
3.67%		10/20/26	^1,2,3		77,695,000		77,546,816
Madison Park Funding XXX, Ltd., Series 2018-30A, Class A (Cayman Islands)
(LIBOR USD 3-Month plus 0.75%)
3.19%		04/15/29	^1,2,3		22,882,500		22,356,225
Magnetite IX Ltd., Series 2014-9A, Class A1R (Cayman Islands)
(LIBOR USD 3-Month plus 1.00%)
3.49%		07/25/26	^1,2,3		2,922,813		2,925,761
Magnetite XI Ltd., Series 2014-11A, Class A1R
(Cayman Islands)
(LIBOR USD 3-Month plus 1.12%)
3.56%		01/18/27	^1,2,3		55,905,000		55,750,697
Magnetite XVIII Ltd., Series 2016-18A, Class AR
(Cayman Islands)
(LIBOR USD 3-Month plus 1.08%)
3.70%		11/15/28	^1,2,3		21,100,000		20,871,508
Navient Student Loan Trust, Series 2014-1, Class A3
(LIBOR USD 1-Month plus 0.51%)
3.02%		06/25/31	²		1,040,324		1,035,816
Navient Student Loan Trust, Series 2014-2,Class A
(LIBOR USD 1-Month plus 0.64%)
3.15%		03/25/83	²		73,915,493		73,580,153


Issues	Maturity Date			Principal Amount		Value

ASSET-BACKED SECURITIES (continued)
Navient Student Loan Trust, Series 2014-3, Class A
(LIBOR USD 1-Month plus 0.62%)
3.13%		03/25/83	²	$	77,755,561	$	76,966,925
Navient Student Loan Trust, Series 2014-4, Class A
(LIBOR USD 1-Month plus 0.62%)
3.13%		03/25/83	²		118,864,722		117,468,608
Navient Student Loan Trust, Series 2014-5, Class A
(LIBOR USD 1-Month plus 0.62%)
3.13%		03/25/83	²		95,639,777		94,656,103
Navient Student Loan Trust, Series 2014-6, Class A
(LIBOR USD 1-Month plus 0.61%)
3.12%		03/25/83	²		97,465,375		97,173,281
Navient Student Loan Trust, Series 2014-7, Class A
(LIBOR USD 1-Month plus 0.61%)
3.12%		03/25/83	²		98,365,508		97,975,103
Navient Student Loan Trust, Series 2014-8, Class A3
(LIBOR USD 1-Month plus 0.60%)
3.11%		05/27/49	²		800,000		803,996
Navient Student Loan Trust, Series 2015-1, Class A2
(LIBOR USD 1-Month plus 0.60%)
3.11%		04/25/40	²		185,712,100		184,808,017
Navient Student Loan Trust, Series 2015-2, Class A3
(LIBOR USD 1-Month plus 0.57%)
3.08%		11/26/40	²		99,055,000		98,614,512
Navient Student Loan Trust, Series 2016-1A, Class A
(LIBOR USD 1-Month plus 0.70%)
3.21%		02/25/70	^2,3		35,266,920		35,408,109
Navient Student Loan Trust, Series 2018-3A, Class A3
(LIBOR USD 1-Month plus 0.80%)
3.31%		03/25/67	^2,3		60,000,000		59,360,964
Nelnet Student Loan Trust, Series 2006-1, Class A6
(LIBOR USD 3-Month plus 0.45%)
3.10%		08/23/36	^2,3		12,500,000		12,209,333
Nelnet Student Loan Trust, Series 2007-2A, Class A3L
(LIBOR USD 3-Month plus 0.35%)
3.17%		03/25/26	^2,3		35,164,472		34,632,462
Nelnet Student Loan Trust, Series 2008-3, Class A4
(LIBOR USD 3-Month plus 1.65%)
4.33%		11/25/24	²		1,719,030		1,730,031


Issues	Maturity Date			Principal Amount		Value

ASSET-BACKED SECURITIES (continued)
Nelnet Student Loan Trust, Series 2014-3A, Class A
(LIBOR USD 1-Month plus 0.58%)
3.09%		06/25/41	^2,3	$	27,069,988	$	27,160,835
Nelnet Student Loan Trust, Series 2014-4A, Class A2
(LIBOR USD 1-Month plus 0.95%)
3.46%		11/25/48	^2,3		21,495,000		21,645,667
Nelnet Student Loan Trust, Series 2014-5A, Class A
(LIBOR USD 1-Month plus 0.55%)
3.06%		07/25/46	^2,3		82,814,839		82,938,391
Nelnet Student Loan Trust, Series 2015-1A, Class A
(LIBOR USD 1-Month plus 0.59%)
3.10%		04/25/46	^2,3		148,623,447		147,410,360
Nelnet Student Loan Trust, Series 2015-2A, Class A2
(LIBOR USD 1-Month plus 0.60%)
3.11%		09/25/47	^2,3		176,650,702		175,366,734
Nelnet Student Loan Trust, Series 2015-3A, Class A2
(LIBOR USD 1-Month plus 0.60%)
3.11%		02/27/51	^2,3		6,445,457		6,425,994
Nelnet Student Loan Trust, Series 2015-3A, Class A3
(LIBOR USD 1-Month plus 0.90%)
3.41%		06/25/54	^2,3		13,095,000		13,103,764
Neuberger Berman CLO XVI-S Ltd., Series 2017-16SA, Class A (Cayman Islands)
(LIBOR USD 3-Month plus 0.85%)
3.29%		01/15/28	^1,2,3		1,690,000		1,666,446
North Carolina State Education Authority, Series 2011-1, Class A3
(LIBOR USD 3-Month plus 0.90%)
3.39%		10/25/41	²		22,180,848		22,388,649
North Carolina State Education Authority, Series 2011-2, Class A2
(LIBOR USD 3-Month plus 0.80%)
3.29%		07/25/25	²		3,431		3,449
Northstar Education Finance, Inc., Series 2007-1, Class A1
(1.00 X LIBOR USD 3-Month plus 0.10%)
2.61%		04/28/30	²		5,648		5,630
Northstar Education Finance, Inc., Series 2007-1, Class A2
(1.00 X LIBOR USD 3-Month plus 0.75%)
3.26%		01/29/46	²		42,780,000		42,221,986
Octagon Investment Partners 25 Ltd., Series 2015-1A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.80%)
3.27%		10/20/26	^1,2,3		17,910,000		17,704,337


Issues	Maturity Date			Principal Amount		Value

ASSET-BACKED SECURITIES (continued)
Octagon Investment Partners XXIII Ltd., Series 2015-1A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.85%)
3.29%		07/15/27	^1,2,3	$	22,105,000	$	21,831,639
Panhandle-Plains Higher Education Authority, Inc., Series 2011-1, Class A3
(LIBOR USD 3-Month plus 0.95%)
3.75%		10/01/37	²		16,955,000		17,067,768
Panthera Aviation, Series 2013-1
10.00%		01/25/22	^3,4,5,†		13,004,312		3,771,626
Panthera Aviation, Series 2013-26
10.00%		03/20/24	^3,4,5,7,†		15,944,679		5,262,205
PHEAA Student Loan Trust, Series 2015-1A, Class A
(LIBOR USD 1-Month plus 0.60%)
3.11%		10/25/41	^2,3		164,659,791		163,095,605
Scholar Funding Trust, Series 2012-B, Class A2
(LIBOR USD 1-Month plus 1.10%)
3.61%		03/28/46	^2,3		30,798,997		31,058,610
SLC Student Loan Trust, Series 2004-1, Class B
(LIBOR USD 3-Month plus 0.29%)
2.91%		08/15/31	²		306,990		290,748
SLC Student Loan Trust, Series 2006-1, Class A6
(LIBOR USD 3-Month plus 0.16%)
2.95%		03/15/55	²		9,495,000		9,020,852
SLC Student Loan Trust, Series 2006-2, Class A6
(LIBOR USD 3-Month plus 0.16%)
2.95%		09/15/39	²		16,000,000		15,600,885
SLC Student Loan Trust, Series 2008-1, Class A4A
(LIBOR USD 3-Month plus 1.60%)
4.39%		12/15/32	²		17,784,127		18,227,190
SLM Student Loan Trust, Series 2003-4, Class A5E
(LIBOR USD 3-Month plus 0.75%)
3.54%		03/15/33	^2,3		6,114,738		6,032,332
SLM Student Loan Trust, Series 2004-1, Class A4
(LIBOR USD 3-Month plus 0.26%)
2.75%		10/27/25	²		2,697,037		2,699,216
SLM Student Loan Trust, Series 2004-3A, Class A6A
(LIBOR USD 3-Month plus 0.55%)
3.04%		10/25/64	^2,3		82,990,000		83,397,249
SLM Student Loan Trust, Series 2005-4, Class A3
(LIBOR USD 3-Month plus 0.12%)
2.61%		01/25/27	²		173,005		172,223


Issues	Maturity Date			Principal Amount		Value

ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Series 2005-5, Class A5
(LIBOR USD 3-Month plus 0.75%)
3.24%		10/25/40	²	$	7,134,000	$	7,067,472
SLM Student Loan Trust, Series 2005-8, Class A5
(LIBOR USD 3-Month plus 0.17%)
2.66%		01/25/40	²		430,000		411,437
SLM Student Loan Trust, Series 2005-9, Class A7A
(LIBOR USD 3-Month plus 0.60%)
3.09%		01/25/41	²		72,550,000		72,145,846
SLM Student Loan Trust, Series 2006-2, Class A6
(LIBOR USD 3-Month plus 0.17%)
2.66%		01/25/41	²		41,412,225		40,237,372
SLM Student Loan Trust, Series 2006-8, Class A6
(LIBOR USD 3-Month plus 0.16%)
2.65%		01/25/41	²		33,055,000		32,198,985
SLM Student Loan Trust, Series 2007-1, Class B
(LIBOR USD 3-Month plus 0.22%)
2.71%		01/27/42	²		5,078,699		4,761,007
SLM Student Loan Trust, Series 2007-3, Class A4
(LIBOR USD 3-Month plus 0.06%)
2.55%		01/25/22	²		3,110,000		3,042,912
SLM Student Loan Trust, Series 2007-6, Class A4
(LIBOR USD 3-Month plus 0.38%)
2.87%		10/25/24	²		20,554,219		20,563,732
SLM Student Loan Trust, Series 2007-6, Class B
(LIBOR USD 3-Month plus 0.85%)
3.34%		04/27/43	²		5,118,003		4,965,689
SLM Student Loan Trust, Series 2008-1, Class A4
(LIBOR USD 3-Month plus 0.65%)
3.14%		01/25/22	²		48,182,168		47,904,103
SLM Student Loan Trust, Series 2008-2, Class A3
(LIBOR USD 3-Month plus 0.75%)
3.24%		04/25/23	²		110,666,774		109,982,981
SLM Student Loan Trust, Series 2008-2, Class B
(LIBOR USD 3-Month plus 1.20%)
3.69%		01/25/83	²		38,874,000		37,190,344
SLM Student Loan Trust, Series 2008-3, Class A3
(LIBOR USD 3-Month plus 1.00%)
3.49%		10/25/21	²		22,961		23,011


Issues	Maturity Date			Principal Amount		Value

ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Series 2008-3, Class B
(LIBOR USD 3-Month plus 1.20%)
3.69%		04/26/83	²	$	2,170,000	$	2,127,058
SLM Student Loan Trust, Series 2008-4, Class A4
(LIBOR USD 3-Month plus 1.65%)
4.14%		07/25/22	²		2,787,556		2,824,438
SLM Student Loan Trust, Series 2008-4, Class B
(LIBOR USD 3-Month plus 1.85%)
4.34%		04/25/73	²		8,759,000		9,011,042
SLM Student Loan Trust, Series 2008-5, Class A4
(LIBOR USD 3-Month plus 1.70%)
4.19%		07/25/23	²		75,476,549		76,742,110
SLM Student Loan Trust, Series 2008-5, Class B
(LIBOR USD 3-Month plus 1.85%)
4.34%		07/25/73	²		37,199,000		38,129,293
SLM Student Loan Trust, Series 2008-6, Class A4
(LIBOR USD 3-Month plus 1.10%)
3.59%		07/25/23	²		16,586,397		16,722,638
SLM Student Loan Trust, Series 2008-6, Class B
(LIBOR USD 3-Month plus 1.85%)
4.34%		07/26/83	²		31,644,000		32,375,266
SLM Student Loan Trust, Series 2008-7, Class B
(LIBOR USD 3-Month plus 1.85%)
4.34%		07/26/83	²		17,346,000		17,698,075
SLM Student Loan Trust, Series 2008-8, Class A4
(LIBOR USD 3-Month plus 1.50%)
3.99%		04/25/23	²		6,583,399		6,703,854
SLM Student Loan Trust, Series 2008-8, Class B
(LIBOR USD 3-Month plus 2.25%)
4.74%		10/25/75	²		545,000		572,290
SLM Student Loan Trust, Series 2008-9, Class A
(LIBOR USD 3-Month plus 1.50%)
3.99%		04/25/23	²		150,855,276		151,761,101
SLM Student Loan Trust, Series 2008-9, Class B
(LIBOR USD 3-Month plus 2.25%)
4.74%		10/25/83	²		45,100,000		47,005,231
SLM Student Loan Trust, Series 2009-3, Class A
(LIBOR USD 1-Month plus 0.75%)
3.26%		01/25/45	^2,3		201,492,329		200,576,133


Issues	Maturity Date			Principal Amount		Value

ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Series 2011-1, Class A2
(LIBOR USD 1-Month plus 1.15%)
3.66%		10/25/34	²	$	3,070,000	$	3,127,942
SLM Student Loan Trust, Series 2012-1, Class A3
(LIBOR USD 1-Month plus 0.95%)
3.46%		09/25/28	²		355,755		356,650
SLM Student Loan Trust, Series 2012-2, Class A
(LIBOR USD 1-Month plus 0.70%)
3.21%		01/25/29	²		16,096,950		16,008,108
SLM Student Loan Trust, Series 2012-3, Class A
(LIBOR USD 1-Month plus 0.65%)
3.16%		12/27/38	²		32,572,279		32,558,580
SLM Student Loan Trust, Series 2012-7, Class A3
(LIBOR USD 1-Month plus 0.65%)
3.16%		05/26/26	²		28,589,590		28,271,877
SLM Student Loan Trust, Series 2013-6, Class A3
(LIBOR USD 1-Month plus 0.65%)
3.16%		06/25/55	²		24,562,064		24,718,632
Student Loan Consolidation Center Student Loan Trust I, Series 2002-2, Class B2 (28 Day Auction Rate plus 0.00%)0
1.61%		07/01/42	^2,3		23,450,000		18,751,183
Treman Park CLO Ltd., Series 2015-1A, Class ARR (Cayman Islands)
(LIBOR USD 3-Month plus 1.07%)
3.53%		10/20/28	^1,2,3		21,540,000		21,553,154
Vermont Student Assistance Corp., Series 2012-1, Class A
(LIBOR USD 1-Month plus 0.70%)
3.21%		07/28/34	²		4,294,111		4,305,404
Voya CLO Ltd., Series 2014-3A, Class A1R (Cayman Islands)
(LIBOR USD 3-Month plus 0.72%)
3.21%		07/25/26	^1,2,3		31,841,435		31,802,400
Voya CLO Ltd., Series 2015-2A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.97%)
3.45%		07/23/27	^1,2,3		22,585,000		22,302,507
Wachovia Student Loan Trust, Series 2006-1, Class A6
(LIBOR USD 3-Month plus 0.17%)
2.66%		04/25/40	^2,3		20,000		19,508

Total Asset-Backed Securities
(Cost $4,159,632,597)							4,150,756,539


Issues	Maturity Date			Principal Amount		Value

BANK LOANS – 0.97%*
Communications — 0.20%
CSC Holdings LLC, Term Loan
(LIBOR plus 2.25%)
4.75%		01/15/26	²	$	25,310,391	$	24,044,871
CSC Holdings LLC, Term Loan
(LIBOR plus 2.25%)
4.71%		07/17/25	²		3,924,609		3,736,228
Intelsat Jackson Holdings SA, Term Loan B4 (Luxembourg)
(LIBOR plus 4.50%)
7.01%		01/02/24	^1,2		2,000,000		1,993,500
Intelsat Jackson Holdings SA, Term Loan B5 (Luxembourg)
6.63%		01/02/24	¹		10,225,000		10,107,413
Lamar Media Corp., Term Loan B
(LIBOR plus 1.75%)
4.31%		03/14/25	²		2,481,250		2,421,278
Level 3 Financing, Inc., Term Loan B
(LIBOR plus 2.25%)
4.75%		02/22/24	²		6,750,000		6,432,176
SBA Senior Finance II LLC, Term Loan
(LIBOR plus 2.00%)
4.53%		04/11/25	²		44,854,600		43,130,613
Sprint Communications, Inc., Term Loan
(LIBOR plus 2.50%)
5.06%		02/02/24	²		17,565,909		16,760,863
(LIBOR plus 3.00%)
5.56%		02/02/24	²		2,400,000		2,328,000
Unitymedia Finance LLC, Term Loan E
(LIBOR plus 2.00%)
4.46%		06/01/23	²		25,920,000		25,233,768


							136,188,710

Consumer Discretionary — 0.04%
Reynolds Group Holdings, Inc., Term Loan
(LIBOR plus 2.75%)
5.27%		02/05/23	²		26,589,360		25,421,289

Electric — 0.03%
Dayton Power & Light Co. (The), Term Loan
(LIBOR plus 2.00%)
4.51%		08/24/22	²		15,831,132		15,653,032
Homer City Generation LP, Term Loan
(LIBOR plus 11.00%)
13.53%		04/05/23	^2,4,5		8,062,663		7,753,581


							23,406,613

Energy — 0.06%
Energizer Holdings, Inc., Term Loan B


Issues	Maturity Date			Principal Amount		Value

BANK LOANS (continued)
Energy (continued)
(LIBOR plus 2.25%)
2.25%		12/17/25	²	$	4,000,000	$	3,875,000
Energy Transfer Equity LP, Term Loan
(LIBOR plus 2.00%)
4.52%		02/02/24	²		25,093,229		24,550,964
Vistra Operations Co., LLC, Term Loan
(LIBOR plus 2.00%)
4.46%		12/31/25	²		746,250		720,027
Vistra Operations Co., LLC, Term Loan B1
(LIBOR plus 2.00%)
4.52%		08/04/23	²		11,723,547		11,331,102


							40,477,093

Finance — 0.12%
Avolon TLB Borrower 1 (US) LLC, Term Loan B3
(LIBOR plus 2.00%)
4.47%		01/15/25	²		17,114,890		16,492,763
Delos Finance SARL, Term Loan
(LIBOR plus 1.75%)
4.55%		10/06/23	²		43,856,910		42,782,416
Telenet Financing USD LLC, Term Loan
(LIBOR plus 2.25%)
4.71%		08/15/26	²		24,510,000		23,395,898


							82,671,077

Food — 0.00%
Northeast Foods LLC, Term Loan
(LIBOR plus 3.75%)
6.27%		07/20/25	²		2,327,028		2,303,758

Gaming — 0.08%
CEOC LLC, Term Loan B
(LIBOR plus 2.00%)
4.52%		10/06/24	²		11,386,241		10,883,367
Churchill Downs, Inc., Term Loan B
(LIBOR plus 2.00%)
4.53%		12/27/24	²		11,872,519		11,471,821
Las Vegas Sands LLC, Term Loan B
(LIBOR plus 1.75%)
4.27%		03/27/25	²		38,161,625		36,571,621


							58,926,809

Health Care — 0.06%
Bausch Health Co., Inc., Term Loan
(LIBOR plus 2.75%)
5.13%		11/27/25	²		1,234,375		1,174,779
Bausch Health Companies, Inc., Term Loan


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Health Care (continued)
(LIBOR plus 3.00%)
5.38%		06/02/25	²	$	17,517,500	$	16,780,364
Catalent Pharma Solutions, Inc., Term Loan
(LIBOR plus 2.25%)
4.77%		05/20/24	²		2,264,658		2,206,910
Change Healthcare Holdings LLC, Term Loan
(LIBOR plus 2.75%)
5.27%		03/01/24	²		5,834,845		5,552,817
Gentiva Health Services, Inc., Term Loan, 1st Lien
(LIBOR plus 3.75%)
6.31%		07/02/25	²		2,144,851		2,085,867
IQVIA, Inc., Term Loan B3
(LIBOR plus 1.75%)
4.27%		06/11/25	²		3,233,750		3,134,733
MPH Acquisition Holdings LLC, Term Loan
(LIBOR plus 2.75%)
5.55%		06/07/23	²		10,600,000		10,077,367


							41,012,837

Industrials — 0.01%
Clean Harbors, Inc., Term Loan
(LIBOR plus 1.75%)
4.27%		06/30/24	²		2,984,848		2,900,900
Tyco International Holdings SARL, Term Loan
(LIBOR plus 1.25%)
4.16%		03/02/20	^2,4,5		3,672,358		3,658,587


							6,559,487

Information Technology — 0.25%
Dell International LLC, Term Loan A2
(LIBOR plus 1.75%)
4.28%		09/07/21	²		62,067,848		60,451,601
First Data Corp., Term Loan
(LIBOR plus 2.00%)
4.50%		07/08/22	²		6,599,867		6,357,520
4.50%		04/26/24	²		72,048,232		69,004,194
IQVIA, Inc., Term Loan B1
(LIBOR plus 2.00%)
4.80%		03/07/24	²		2,476,852		2,413,073
IQVIA, Inc., Term Loan B2
(LIBOR plus 2.00%)
4.52%		01/17/25	²		9,091,071		8,852,430
SS&C Technologies, Inc., Term Loan B5
(LIBOR plus 2.25%)
4.77%		04/16/25	²		4,987,426		4,722,494


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Information Technology (continued)
SS&C Technologies, Inc., Term Loan B3
(LIBOR plus 2.25%)
4.77%		04/16/25	²	$	17,586,541	$	16,644,430
SS&C Technologies, Inc., Term Loan B4
(LIBOR plus 2.25%)
4.77%		04/16/25	²		6,670,814		6,313,459


							174,759,201

Real Estate Investment Trust (REIT) — 0.05%
MGM Growth Properties Operating Partnership LP, Term Loan B
(LIBOR plus 2.00%)
4.52%		03/21/25	²		25,043,976		24,069,140
VICI Properties 1 LLC, Term Loan B
(LIBOR plus 2.00%)
4.50%		12/20/24	²		9,218,636		8,834,081


							32,903,221

Retail — 0.05%
BC ULC/New Red Finance, Inc., Term Loan B-3 (Canada)
(LIBOR plus 2.25%)
4.77%		02/16/24	^1,2		36,772,886		35,102,662

Transportation — 0.02%
United Airlines, Inc., Term Loan
(LIBOR plus 1.75%)
4.27%		04/01/24	²		18,691,912		17,990,966

Total Bank Loans
(Cost $699,994,824)							677,723,723

CORPORATES — 35.14%*
Automotive — 0.02%
General Motors Co.
6.60%		04/01/36			12,495,000		12,243,451
(LIBOR USD 3-Month plus 0.80%)
3.39%		08/07/20	²		5,000,000		4,950,720


							17,194,171

Banking — 6.33%
Bank of America Corp.
2.74%		01/23/22	⁸		157,539,000		155,194,355
3.00%		12/20/23	⁸		106,237,000		103,320,490
3.37%		01/23/26	⁸		20,790,000		19,893,253
3.42%		12/20/28	⁸		82,391,000		77,053,111
3.71%		04/24/28	⁸		175,670,000		168,588,303
7.63%		06/01/19			16,755,000		17,056,722
Bank of America Corp. (GMTN)
2.37%		07/21/21	⁸		67,101,000		65,957,263


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Banking (continued)
3.59%		07/21/28	⁸	$	28,845,000	$	27,346,387
Bank of America Corp. (MTN)
3.09%		10/01/25	⁸		109,675,000		104,073,803
3.82%		01/20/28	⁸		16,592,000		16,112,432
3.97%		03/05/29	⁸		8,665,000		8,455,305
4.00%		04/01/24			12,327,000		12,404,057
4.13%		01/22/24			72,072,000		73,103,807
4.27%		07/23/29	⁸		8,910,000		8,906,142
Bank of America Corp., Series L
2.60%		01/15/19			5,239,000		5,238,006
Bank of New York Mellon Corp. (The) (MTN)
2.66%		05/16/23	⁸		13,650,000		13,376,888
3.25%		09/11/24			8,997,000		8,844,976
Bank One Corp. (STEP-reset date 03/01/19)
8.53%		03/01/19			1,810,000		1,824,870
Cooperatieve Rabobank UA (Netherlands)
3.13%		04/26/21	¹		46,385,000		46,230,616
Discover Bank
4.20%		08/08/23			9,065,000		9,076,481
7.00%		04/15/20			9,000,000		9,374,395
Discover Bank (BKNT)
3.10%		06/04/20			6,023,000		5,970,371
3.20%		08/09/21			6,040,000		5,981,463
8.70%		11/18/19			3,676,000		3,844,765
Goldman Sachs Bank USA (BKNT)
3.20%		06/05/20			650,000		648,958
JPMorgan Chase & Co.
2.55%		10/29/20			47,905,000		47,372,512
2.70%		05/18/23			21,870,000		21,029,798
2.75%		06/23/20			114,472,000		113,840,315
3.20%		01/25/23			2,435,000		2,405,019
3.20%		06/15/26			63,486,000		59,875,869
3.22%		03/01/25	⁸		139,321,000		134,743,469
3.51%		01/23/29	⁸		16,630,000		15,765,058
3.54%		05/01/28	⁸		51,540,000		49,216,474
3.78%		02/01/28	⁸		23,730,000		23,014,398
3.90%		07/15/25			55,319,000		54,889,448
4.02%		12/05/24	⁸		276,250,000		278,633,220
4.25%		10/15/20			9,620,000		9,789,764
4.45%		12/05/29	⁸		10,390,000		10,580,789
4.95%		03/25/20			20,000,000		20,426,889
(LIBOR USD 3-Month plus 0.68%)
3.42%		06/01/21	²		23,030,000		22,897,911
(LIBOR USD 3-Month plus 0.96%)
3.43%		01/23/20	²		15,000,000		15,058,998
JPMorgan Chase Bank N.A. (BKNT)
3.09%		04/26/21	⁸		166,725,000		166,336,114
(LIBOR USD 3-Month plus 0.25%)
2.87%		02/13/20	²		317,960,000		317,590,848


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Banking (continued)
(LIBOR USD 3-Month plus 0.29%)
2.83%		02/01/21	²	$	206,660,000	$	205,260,498
Lloyds Bank PLC (United Kingdom)
2.40%		03/17/20	¹		2,450,000		2,416,861
3.30%		05/07/21	¹		31,065,000		30,831,282
6.38%		01/21/21	¹		5,070,000		5,351,167
Lloyds Bank PLC (United Kingdom) (MTN)
5.80%		01/13/20	^1,3		9,850,000		10,084,181
Lloyds Banking Group PLC (United Kingdom)
4.05%		08/16/23	¹		5,000,000		4,944,771
Lloyds Banking Group PLC (United Kingdom)
2.91%		11/07/23	^1,8		63,145,000		59,764,280
3.57%		11/07/28	^1,8		14,420,000		12,862,474
Macquarie Bank Ltd. (Australia)
2.35%		01/15/19	^1,3		12,785,000		12,782,376
2.60%		06/24/19	^1,3		10,870,000		10,838,243
PNC Bank N.A. (BKNT)
2.00%		05/19/20			27,000,000		26,585,236
2.45%		11/05/20			52,730,000		52,097,586
2.50%		01/22/21			95,195,000		93,960,814
PNC Financial Services Group, Inc. (The)
5.13%		02/08/20			5,593,000		5,713,700
Santander UK Group Holdings PLC (United Kingdom)
4.80%		11/15/24	^1,8		11,650,000		11,580,186
Santander UK Group Holdings PLC (United Kingdom)
2.88%		10/16/20	¹		48,375,000		47,702,128
2.88%		08/05/21	¹		60,921,000		58,974,056
3.13%		01/08/21	¹		26,863,000		26,376,995
3.37%		01/05/24	^1,8		70,050,000		66,500,041
Santander UK PLC (United Kingdom)
2.35%		09/10/19	¹		38,080,000		37,873,987
2.50%		03/14/19	¹		62,359,000		62,349,303
3.40%		06/01/21	¹		45,470,000		45,263,723
State Street Corp.
3.78%		12/03/24	⁸		28,780,000		28,893,393
US Bank N.A. (BKNT)
3.05%		07/24/20			5,830,000		5,824,416
3.40%		07/24/23			9,980,000		9,976,642
Wells Fargo & Co.
2.15%		01/15/19			15,135,000		15,129,451
3.00%		04/22/26			81,495,000		75,902,487
3.00%		10/23/26			87,487,000		81,071,978
(LIBOR USD 3-Month plus 1.23%)
3.76%		10/31/23	²		23,917,000		23,847,582
Wells Fargo & Co. (GMTN)
2.60%		07/22/20			20,646,000		20,448,198


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Banking (continued)
Wells Fargo & Co. (MTN)
2.63%		07/22/22		$	313,933,000	$	302,509,606
3.55%		09/29/25			41,628,000		40,477,860
3.58%		05/22/28	⁸		113,004,000		108,538,986
Wells Fargo & Co., Series N (MTN)
2.15%		01/30/20			6,040,000		5,975,261
Wells Fargo Bank N.A. (BKNT)
1.75%		05/24/19			60,000,000		59,714,910
2.40%		01/15/20			84,095,000		83,368,461
2.60%		01/15/21			287,880,000		284,431,917
3.63%		10/22/21			6,850,000		6,893,272
(SOFR Rate plus 0.48%)
2.93%		03/25/20	²		16,800,000		16,753,262


							4,391,215,682

Communications — 3.62%
21st Century Fox America, Inc.
4.95%		10/15/45			1,050,000		1,166,416
5.40%		10/01/43			5,335,000		6,179,120
6.15%		03/01/37			3,576,000		4,422,121
6.90%		03/01/19			42,049,000		42,291,988
7.75%		01/20/24			4,872,000		5,734,622
AT&T, Inc.
3.40%		05/15/25			105,081,000		98,927,194
3.95%		01/15/25			12,955,000		12,684,926
4.30%		02/15/30			30,575,000		29,117,299
4.35%		06/15/45			39,928,000		33,954,985
4.50%		05/15/35			28,455,000		25,908,391
4.75%		05/15/46			30,227,000		26,935,583
4.80%		06/15/44			99,213,000		88,708,893
5.15%		11/15/46			16,505,000		15,392,564
5.25%		03/01/37			146,950,000		144,703,318
CBS Corp.
3.70%		06/01/28			46,870,000		43,586,194
CCO Holdings LLC/CCO Holdings Capital Corp.
5.00%		02/01/28	³		1,023,000		946,275
5.13%		05/01/27	³		13,599,000		12,683,005
Charter Communications Operating LLC/Charter Communications Operating Capital
3.75%		02/15/28			13,245,000		12,004,233
4.50%		02/01/24			69,202,000		69,148,784
4.91%		07/23/25			2,080,000		2,072,635
5.75%		04/01/48			8,735,000		8,226,012
6.48%		10/23/45			47,413,000		48,840,131
Clear Channel International BV (Netherlands)
8.75%		12/15/20	^1,3		15,286,000		15,457,967
Comcast Corp.
2.35%		01/15/27			13,285,000		11,854,033


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Communications (continued)
3.38%		02/15/25		$	2,000,000	$	1,960,465
3.60%		03/01/24			600,000		601,211
3.90%		03/01/38			5,165,000		4,792,164
3.95%		10/15/25			33,605,000		34,032,315
4.05%		11/01/52			1,975,000		1,774,592
4.15%		10/15/28			119,128,000		121,171,343
4.25%		10/15/30			100,000,000		101,418,850
4.40%		08/15/35			14,265,000		13,839,984
4.60%		10/15/38			224,545,000		227,174,388
4.65%		07/15/42			4,905,000		4,888,401
Cox Communications, Inc.
3.15%		08/15/24	³		15,445,000		14,838,050
CSC Holdings LLC
5.38%		07/15/23	³		11,509,000		11,252,349
5.38%		02/01/28	³		19,487,000		17,970,522
5.50%		05/15/26	³		17,188,000		16,242,660
6.75%		11/15/21			4,216,000		4,331,940
8.63%		02/15/19			8,975,000		9,019,875
Deutsche Telekom International Finance BV (Netherlands)
4.38%		06/21/28	^1,3		4,425,000		4,365,276
Discovery Communications LLC
2.75%		11/15/19	³		8,235,000		8,183,796
DISH DBS Corp.
5.88%		07/15/22			1,846,000		1,689,090
Intelsat Jackson Holdings SA (Luxembourg)
5.50%		08/01/23	¹		41,757,000		36,537,375
8.50%		10/15/24	^1,3		20,544,000		19,889,160
9.75%		07/15/25	^1,3		14,027,000		14,136,411
Level 3 Financing, Inc.
5.13%		05/01/23			494,000		478,563
5.25%		03/15/26			20,937,000		19,209,698
5.38%		01/15/24			12,635,000		12,025,961
5.38%		05/01/25			16,208,000		15,184,870
5.63%		02/01/23			2,936,000		2,891,960
SES GLOBAL Americas Holdings GP
5.30%		03/25/44	³		11,130,000		9,623,977
Sirius XM Radio, Inc.
3.88%		08/01/22	³		1,525,000		1,462,094
Sprint Capital Corp.
6.88%		11/15/28			5,930,000		5,618,675
8.75%		03/15/32			217,000		229,478
Sprint Communications, Inc.
7.00%		03/01/20	³		8,385,000		8,615,588
Sprint Corp.
7.13%		06/15/24			15,079,000		14,971,034
7.63%		02/15/25			2,000,000		2,005,000
7.63%		03/01/26			19,446,000		19,251,540


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Communications (continued)
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint
Spectrum Co. III LLC
3.36%		09/20/21	³	$	92,844,125	$	91,567,518
4.74%		03/20/25	³		42,375,000		41,686,406
5.15%		03/20/28	³		218,278,000		215,003,830
Time Warner Cable LLC
4.50%		09/15/42			23,307,000		18,547,408
5.50%		09/01/41			20,046,000		18,324,204
5.88%		11/15/40			36,463,000		33,944,373
8.25%		04/01/19			8,442,000		8,537,576
8.75%		02/14/19			23,735,000		23,884,519
T-Mobile USA, Inc.
4.50%		02/01/26			3,629,000		3,374,970
4.75%		02/01/28			39,770,000		36,041,563
6.50%		01/15/24			18,635,000		19,100,875
Verizon Communications, Inc.
3.85%		11/01/42			32,548,000		28,161,766
4.27%		01/15/36			10,205,000		9,623,473
4.40%		11/01/34			26,685,000		25,790,977
4.81%		03/15/39			16,983,000		16,684,334
4.86%		08/21/46			26,175,000		25,807,032
5.01%		04/15/49			23,990,000		23,996,411
5.25%		03/16/37			102,164,000		106,737,218
Viacom, Inc.
3.88%		04/01/24			40,342,000		39,602,612
4.25%		09/01/23			48,827,000		48,999,093
Virgin Media Secured Finance PLC (United Kingdom)
5.25%		01/15/26	^1,3		5,575,000		5,129,000
5.50%		08/15/26	^1,3		16,302,000		15,120,105
Vodafone Group PLC (United Kingdom)
3.75%		01/16/24	¹		20,950,000		20,669,480
4.38%		05/30/28	¹		65,530,000		63,689,554
5.25%		05/30/48	¹		5,045,000		4,753,574
Warner Media LLC
3.80%		02/15/27			24,315,000		22,841,572


							2,510,244,787

Consumer Discretionary — 1.12%
Anheuser-Busch Cos LLC/Anheuser-Busch InBev Worldwide, Inc.
4.70%		02/01/36	³		49,675,000		46,215,857
4.90%		02/01/46	³		69,582,000		64,699,779
Anheuser-Busch InBev Worldwide, Inc.
3.50%		01/12/24			38,805,000		38,000,194
4.00%		04/13/28			21,780,000		20,873,080
4.60%		04/15/48			35,640,000		31,983,552
6.88%		11/15/19			31,350,000		32,317,320
Bacardi Ltd. (Bermuda)
4.70%		05/15/28	^1,3		15,236,000		14,668,865


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Consumer Discretionary (continued)
5.15%		05/15/38	^1,3	$	12,881,000	$	11,867,339
5.30%		05/15/48	^1,3		25,923,000		23,484,888
BAT Capital Corp.
2.30%		08/14/20			68,745,000		67,165,268
2.76%		08/15/22			35,915,000		33,951,161
3.56%		08/15/27			7,000,000		6,200,004
4.39%		08/15/37			7,800,000		6,403,032
4.54%		08/15/47			2,660,000		2,133,159
BAT International Finance PLC (EMTN) (United Kingdom)
1.63%		09/09/19	¹		22,385,000		22,053,332
Central Garden & Pet Co.
5.13%		02/01/28			10,866,000		9,779,400
6.13%		11/15/23			14,925,000		14,999,625
Constellation Brands, Inc.
2.00%		11/07/19			69,620,000		68,776,825
3.88%		11/15/19			22,650,000		22,739,012
(LIBOR USD 3-Month plus 0.70%)
3.21%		11/15/21	²		74,320,000		73,459,691
First Quality Finance Co., Inc.
4.63%		05/15/21	³		3,938,000		3,814,938
5.00%		07/01/25	³		15,921,000		14,289,098
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC
4.75%		06/01/27	³		9,999,000		9,324,068
5.00%		06/01/24	³		6,800,000		6,579,000
5.25%		06/01/26	³		10,271,000		9,911,515
Molson Coors Brewing Co.
1.45%		07/15/19			21,664,000		21,453,188
2.25%		03/15/20			13,040,000		12,866,079
Reynolds American, Inc.
4.00%		06/12/22			6,127,000		6,131,839
4.45%		06/12/25			16,268,000		15,707,809
5.85%		08/15/45			3,795,000		3,537,088
6.88%		05/01/20			5,845,000		6,084,078
Reynolds Group Issuer, Inc./Reynolds Group Issuer
LLC/Reynolds Group Issuer Luxembourg S.A.
5.75%		10/15/20			35,676,731		35,676,731
(LIBOR USD 3-Month plus 3.50%)
5.94%		07/15/21	^2,3		8,770,000		8,759,038
Spectrum Brands, Inc.
5.75%		07/15/25			5,556,000		5,290,423
6.13%		12/15/24			4,310,000		4,164,538


							775,360,813

Consumer Products — 0.11%
Newell Brands, Inc.
2.60%		03/29/19			10,962,000		10,948,029
3.85%		04/01/23			63,662,000		62,037,218


							72,985,247


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Electric — 2.61%
Alliant Energy Finance LLC
3.75%		06/15/23	³	$	34,081,000	$	34,325,524
American Electric Power Co., Inc., Series I
3.65%		12/01/21			14,300,000		14,390,233
American Electric Power Co., Inc., Series J
4.30%		12/01/28			68,405,000		69,644,412
Appalachian Power Co.
4.45%		06/01/45			23,066,000		22,798,123
Appalachian Power Co., Series X
3.30%		06/01/27			13,250,000		12,681,416
Consolidated Edison Co. of New York, Inc.
4.45%		03/15/44			8,300,000		8,329,785
Consolidated Edison Co. of New York, Inc., Series D
4.00%		12/01/28			52,700,000		54,104,877
Consolidated Edison Co. of New York, Inc., Series E
4.65%		12/01/48			66,236,000		68,945,838
Consolidated Edison, Inc., Series A
2.00%		03/15/20			400,000		393,900
Dominion Energy, Inc.
(LIBOR USD 3-Month plus 0.40%)
3.14%		12/01/20	^2,3		45,075,000		44,847,597
(LIBOR USD 3-Month plus 0.55%)
3.29%		06/01/19	^2,3		70,520,000		70,480,035
DTE Energy Co.
2.40%		12/01/19			350,000		346,486
Duke Energy Carolinas LLC
3.75%		06/01/45			32,875,000		30,081,661
4.00%		09/30/42			16,040,000		15,441,820
4.25%		12/15/41			26,358,000		26,482,846
Duke Energy Indiana LLC, Series WWW
4.90%		07/15/43			6,395,000		6,936,889
Duke Energy Progress LLC
3.70%		10/15/46			12,165,000		11,171,393
4.10%		05/15/42			8,150,000		7,923,555
4.15%		12/01/44			9,960,000		9,696,279
4.20%		08/15/45			22,820,000		22,668,901
Duquesne Light Holdings, Inc.
6.40%		09/15/20	³		19,829,000		20,666,638
Entergy Corp.
4.00%		07/15/22			12,632,000		12,683,059
5.13%		09/15/20			9,800,000		10,005,482
Entergy Texas, Inc.
7.13%		02/01/19			20,982,000		21,047,254
Eversource Energy, Series H
3.15%		01/15/25			6,120,000		5,921,001
Eversource Energy, Series N
3.80%		12/01/23			22,025,000		22,284,774
Eversource Energy, Series O
4.25%		04/01/29			23,802,000		24,026,905


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Electric (continued)
FirstEnergy Transmission LLC
4.35%		01/15/25	³	$	23,330,000	$	23,652,906
5.45%		07/15/44	³		24,625,000		26,517,798
Florida Power & Light Co.
3.95%		03/01/48			3,710,000		3,632,639
Indiana Michigan Power Co., Series J
3.20%		03/15/23			30,672,000		30,354,483
Indiana Michigan Power Co., Series K
4.55%		03/15/46			11,515,000		11,776,437
ITC Holdings Corp.
3.35%		11/15/27			6,225,000		5,908,060
3.65%		06/15/24			5,165,000		5,134,369
Jersey Central Power & Light Co.
4.30%		01/15/26	³		4,980,000		5,023,097
4.70%		04/01/24	³		37,747,000		39,345,124
6.40%		05/15/36			12,630,000		14,386,652
Kansas City Power & Light Co.
3.15%		03/15/23			23,665,000		23,432,839
3.65%		08/15/25			13,885,000		13,895,698
KCP&L Greater Missouri Operations Co.
8.27%		11/15/21			75,000		82,350
LG&E & KU Energy LLC
4.38%		10/01/21			14,595,000		14,933,582
Metropolitan Edison Co.
3.50%		03/15/23	³		10,715,000		10,671,702
4.00%		04/15/25	³		35,719,000		36,513,873
7.70%		01/15/19			8,451,000		8,463,546
MidAmerican Energy Co.
4.25%		05/01/46			30,700,000		31,253,343
4.40%		10/15/44			8,110,000		8,414,770
4.80%		09/15/43			13,715,000		15,014,839
Minejesa Capital BV (Netherlands)
5.63%		08/10/37	^1,3		4,400,000		3,883,000
Mississippi Power Co.
(LIBOR USD 3-Month plus 0.65%)
3.47%		03/27/20	²		6,300,000		6,290,475
NextEra Energy Capital Holdings, Inc.
2.30%		04/01/19			7,190,000		7,176,339
(LIBOR USD 3-Month plus 0.48%)
3.06%		05/04/21	²		268,945,000		266,417,761
(LIBOR USD 3-Month plus 0.55%)
3.26%		08/28/21	²		158,500,000		156,550,962
NextEra Energy Operating Partners LP
4.50%		09/15/27	³		9,852,000		8,817,540
Niagara Mohawk Power Corp.
4.28%		12/15/28	³		46,775,000		48,273,180
Oncor Electric Delivery Co. LLC
5.75%		03/15/29	³		23,645,000		27,631,429


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Electric (continued)
PacifiCorp
3.35%		07/01/25		$	6,580,000	$	6,451,495
Pennsylvania Electric Co.
4.15%		04/15/25	³		23,140,000		23,608,724
5.20%		04/01/20			25,200,000		25,801,045
Perusahaan Listrik Negara PT, Series REGS (EMTN) (Indonesia)
6.15%		05/21/48	¹		4,200,000		4,231,500
PNM Resources, Inc.
3.25%		03/09/21			34,295,000		33,987,442
Potomac Electric Power Co.
3.60%		03/15/24			6,783,000		6,848,168
Progress Energy, Inc.
4.88%		12/01/19			4,761,000		4,822,280
7.05%		03/15/19			7,050,000		7,103,914
Public Service Co. of New Mexico
3.85%		08/01/25			14,390,000		14,219,752
5.35%		10/01/21			5,065,000		5,250,302
Rochester Gas & Electric Corp.
3.10%		06/01/27	³		5,605,000		5,404,529
South Carolina Electric & Gas Co.
3.50%		08/15/21			23,230,000		23,293,116
4.25%		08/15/28			8,930,000		9,275,790
Southern Co. Gas Capital Corp.
2.45%		10/01/23			10,065,000		9,435,570
5.88%		03/15/41			790,000		898,619
Southwestern Electric Power Co.
3.55%		02/15/22			15,882,000		15,923,375
Southwestern Electric Power Co., Series K
2.75%		10/01/26			36,488,000		33,483,359
Tucson Electric Power Co.
4.85%		12/01/48			26,195,000		27,311,299
Union Electric Co.
6.70%		02/01/19			12,983,000		13,016,146
Virginia Electric & Power Co.
4.60%		12/01/48			27,495,000		28,794,789
WEC Energy Group, Inc.
3.38%		06/15/21			11,130,000		11,129,503


							1,812,066,193

Energy — 2.47%
Anadarko Petroleum Corp.
4.50%		07/15/44			18,331,000		15,588,613
Antero Resources Corp.
5.00%		03/01/25			12,776,000		11,626,160
5.13%		12/01/22			13,568,000		12,889,600
BP Capital Markets PLC (United Kingdom)
3.51%		03/17/25	¹		7,712,000		7,563,852
3.54%		11/04/24	¹		17,368,000		17,248,560


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Energy (continued)
Brooklyn Union Gas Co. (The)
3.41%		03/10/26	³	$	12,245,000	$	11,902,091
Canadian Natural Resources Ltd. (Canada)
3.85%		06/01/27	¹		5,617,000		5,307,991
Centennial Resource Production LLC
5.38%		01/15/26	³		5,352,000		5,004,120
CrownRock LP/CrownRock Finance, Inc.
5.63%		10/15/25	³		3,017,000		2,749,241
Devon Energy Corp.
5.00%		06/15/45			6,480,000		5,741,025
Diamondback Energy, Inc.
4.75%		11/01/24	³		10,484,000		10,143,270
4.75%		11/01/24			5,869,000		5,678,257
5.38%		05/31/25			4,688,000		4,641,120
Ecopetrol SA (Colombia)
5.88%		05/28/45	¹		3,600,000		3,412,692
Enbridge Energy Partners LP
7.38%		10/15/45			11,790,000		14,543,354
Endeavor Energy Resources LP/EER Finance, Inc.
5.50%		01/30/26	³		2,377,000		2,445,339
5.75%		01/30/28	³		2,109,000		2,162,147
Energy Transfer LP
4.25%		03/15/23			1,750,000		1,680,000
5.50%		06/01/27			16,612,000		16,238,230
5.88%		01/15/24			25,073,000		25,592,262
Energy Transfer Operating LP
3.60%		02/01/23			5,872,000		5,662,529
4.05%		03/15/25			7,094,000		6,663,007
4.75%		01/15/26			3,229,000		3,100,715
4.90%		02/01/24			3,835,000		3,865,500
4.90%		03/15/35			5,320,000		4,729,666
4.95%		06/15/28			3,069,000		3,008,344
5.15%		03/15/45			68,717,000		60,080,716
6.00%		06/15/48			7,640,000		7,465,191
Energy Transfer Partners LP/Regency Energy Finance Corp.
4.50%		11/01/23			8,900,000		8,883,313
EQM Midstream Partners LP
5.50%		07/15/28			59,085,000		57,814,702
6.50%		07/15/48			4,680,000		4,633,979
EQT Corp.
3.90%		10/01/27			97,704,000		84,379,817
Florida Gas Transmission Co. LLC
7.90%		05/15/19	³		21,200,000		21,537,472
Gulfport Energy Corp.
6.38%		05/15/25			5,618,000		4,992,998
Halliburton Co.
5.00%		11/15/45			2,854,000		2,820,505
Hess Corp.
5.60%		02/15/41			27,446,000		24,222,752


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Energy (continued)
HollyFrontier Corp.
5.88%		04/01/26		$	16,630,000	$	17,050,473
KazMunayGas National Co. JSC, Series REGS (Kazakhstan)
5.38%		04/24/30	¹		12,220,000		12,051,975
Kinder Morgan Energy Partners LP
5.00%		08/15/42			5,955,000		5,467,630
5.80%		03/15/35			6,940,000		7,113,558
Kinder Morgan, Inc.
5.30%		12/01/34			7,870,000		7,734,340
5.63%		11/15/233			2,485,000		2,629,666
6.95%		06/01/28			5,465,000		6,013,582
Matador Resources Co.
5.88%		09/15/26			13,471,000		12,460,675
Newfield Exploration Co.
5.63%		07/01/24			747,000		760,073
5.75%		01/30/22			3,071,000		3,109,388
NGPL Pipe Co. LLC
4.38%		08/15/22	³		2,154,000		2,105,535
Noble Energy, Inc.
5.05%		11/15/44			8,268,000		7,282,711
Panhandle Eastern Pipe Line Co. LP
8.13%		06/01/19			2,407,000		2,452,798
Parsley Energy LLC/Parsley Finance Corp.
5.25%		08/15/25	³		2,898,000		2,637,180
5.38%		01/15/25	³		11,792,000		10,907,600
5.63%		10/15/27	³		7,205,000		6,565,556
Peru LNG Srl, Series REGS (Peru)
5.38%		03/22/30	¹		9,000,000		8,752,950
Petrobras Global Finance BV (Netherlands)
5.75%		02/01/29	¹		5,650,000		5,240,375
Petroleos del Peru SA, Series REGS (Peru)
4.75%		06/19/32	¹		6,600,000		6,352,500
Petroleos Mexicanos (Mexico)
5.35%		02/12/28	¹		40,396,000		35,346,500
6.50%		03/13/27	¹		41,545,000		39,156,163
6.50%		01/23/29	¹		147,555,000		137,654,060
6.75%		09/21/47	¹		4,200,000		3,483,438
Plains All American Pipeline LP/PAA Finance Corp.
3.60%		11/01/24			22,760,000		21,622,000
3.85%		10/15/23			20,264,000		19,523,553
4.65%		10/15/25			114,221,000		112,272,338
Range Resources Corp.
4.88%		05/15/25			15,738,000		12,983,850
5.00%		03/15/23			10,694,000		9,450,823
Rockies Express Pipeline LLC
5.63%		04/15/20	³		36,054,000		36,234,270
6.00%		01/15/19	³		66,107,000		66,121,874
6.88%		04/15/40	³		8,066,000		8,469,300


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Energy (continued)
Ruby Pipeline LLC
6.00%		04/01/22	³	$	79,698,000	$	81,948,026
Sabine Pass Liquefaction LLC
4.20%		03/15/28			18,055,000		17,197,388
5.63%		03/01/25			7,337,000		7,637,725
5.75%		05/15/24			40,280,000		41,938,034
Shell International Finance BV (Netherlands)
4.38%		05/11/45	¹		8,169,000		8,406,238
Spectra Energy Partners LP
4.60%		06/15/21			6,115,000		6,287,312
4.75%		03/15/24			9,047,000		9,278,395
Sunoco Logistics Partners Operations LP
4.00%		10/01/27			14,177,000		13,008,765
5.40%		10/01/47			69,348,000		62,272,808
TC PipeLines LP
3.90%		05/25/27			68,834,000		65,340,158
4.38%		03/13/25			42,850,000		42,509,248
4.65%		06/15/21			6,108,000		6,219,715
Tennessee Gas Pipeline Co. LLC
8.38%		06/15/32			4,079,000		5,313,937
Transcontinental Gas Pipe Line Co. LLC
4.60%		03/15/48			9,250,000		8,682,545
TransMontaigne Partners LP/ TLP Finance Corp.
6.13%		02/15/26			10,972,000		9,874,800
Transocean Guardian Ltd. (Cayman Islands)
5.88%		01/15/24	^1,3		23,391,000		22,513,838
Transocean Pontus Ltd. (Cayman Islands)
6.13%		08/01/25	^1,3		19,997,000		19,397,090
Transocean Proteus Ltd. (Cayman Islands)
6.25%		12/01/24	^1,3		17,376,000		16,724,400
Williams Cos., Inc. (The)
3.35%		08/15/22			7,545,000		7,385,632
3.60%		03/15/22			4,910,000		4,821,341
3.70%		01/15/23			16,348,000		15,968,307
3.90%		01/15/25			5,952,000		5,766,187
4.30%		03/04/24			12,274,000		12,245,259
4.50%		11/15/23			8,900,000		9,045,184
4.55%		06/24/24			42,434,000		42,860,001
6.30%		04/15/40			34,085,000		36,039,311
7.88%		09/01/21			3,543,000		3,873,828
WPX Energy, Inc.
5.75%		06/01/26			15,161,000		13,796,510


							1,711,377,846

Finance — 5.50%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland)
3.50%		05/26/22	¹		20,425,000		19,831,066


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Finance (continued)
3.88%		01/23/28	¹	$	6,245,000	$	5,472,181
3.95%		02/01/22	¹		95,265,000		93,658,839
4.50%		05/15/21	¹		16,345,000		16,426,725
4.63%		10/30/20	¹		7,444,000		7,494,874
5.00%		10/01/21	¹		42,862,000		43,558,507
Air Lease Corp.
2.13%		01/15/20			5,150,000		5,076,865
2.50%		03/01/21			28,960,000		28,214,743
3.00%		09/15/23			10,870,000		10,207,986
3.25%		03/01/25			15,100,000		13,912,166
3.38%		01/15/19			61,666,000		61,645,672
3.88%		07/03/23			3,285,000		3,236,429
4.75%		03/01/20			15,890,000		16,113,468
Alta Wind Holdings LLC
7.00%		06/30/35	^3,4,5		19,006,046		20,650,332
American Express Credit Corp. (MTN)
2.20%		03/03/20			20,090,000		19,877,418
BMW U.S. Capital LLC
3.10%		04/12/21	³		25,160,000		24,926,311
(LIBOR USD 3-Month plus 0.38%)
3.18%		04/06/20	^2,3		8,350,000		8,307,862
Capital One Financial Corp.
2.45%		04/24/19			300,000		299,517
Citibank N.A. (BKNT)
3.05%		05/01/20			223,200,000		222,959,837
3.40%		07/23/21			22,810,000		22,847,047
Citigroup, Inc.
2.05%		06/07/19			48,475,000		48,275,756
2.45%		01/10/20			8,190,000		8,126,257
2.50%		07/29/19			34,523,000		34,409,918
2.55%		04/08/19			91,290,000		91,157,839
3.14%		01/24/23	⁸		29,160,000		28,663,102
3.67%		07/24/28	⁸		102,500,000		97,505,990
3.88%		10/25/23			12,890,000		12,952,652
3.89%		01/10/28	⁸		8,688,000		8,372,717
8.50%		05/22/19			47,207,000		48,195,293
Daimler Finance North America LLC
1.50%		07/05/19	³		11,600,000		11,486,605
1.75%		10/30/19	³		18,115,000		17,876,352
2.20%		05/05/20	³		5,950,000		5,855,689
2.30%		01/06/20	³		11,400,000		11,276,821
Discover Financial Services
3.85%		11/21/22			9,064,000		9,009,208
Ford Motor Credit Co. LLC
1.90%		08/12/19			14,465,000		14,285,742
2.02%		05/03/19			17,727,000		17,616,844
2.34%		11/02/20			38,147,000		36,625,104
2.43%		06/12/20			40,044,000		39,005,417
2.46%		03/27/20			8,855,000		8,671,050


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Finance (continued)
2.60%		11/04/19		$	13,380,000	$	13,223,902
2.68%		01/09/20			3,820,000		3,763,394
3.10%		05/04/23			10,000,000		9,056,632
3.16%		08/04/20			2,000,000		1,959,625
3.20%		01/15/21			15,460,000		14,988,186
3.22%		01/09/22			60,140,000		56,515,255
3.34%		03/18/21			24,035,000		23,298,556
3.34%		03/28/22			11,257,000		10,602,124
3.81%		10/12/21			22,199,000		21,573,531
4.25%		09/20/22			19,823,000		19,067,929
5.75%		02/01/21			6,000,000		6,120,826
5.88%		08/02/21			22,933,000		23,533,357
8.13%		01/15/20			4,470,000		4,619,964
(LIBOR USD 3-Month plus 0.83%)
3.61%		03/12/19	²		15,000,000		14,989,560
(LIBOR USD 3-Month plus 0.88%)
3.31%		10/12/21	²		48,530,000		46,590,648
(LIBOR USD 3-Month plus 1.08%)
3.66%		08/03/22	²		3,950,000		3,725,827
(LIBOR USD 3-Month plus 1.27%)
4.08%		03/28/22	²		30,153,000		28,824,989
Ford Motor Credit Co. LLC (MTN)
2.94%		01/08/19			63,346,000		63,337,132
GE Capital International Funding Co. (Ireland)
2.34%		11/15/20	¹		212,710,000		205,291,951
3.37%		11/15/25	¹		7,730,000		6,853,899
4.42%		11/15/35	¹		105,049,000		88,232,788
General Motors Financial Co., Inc.
2.35%		10/04/19			19,090,000		18,927,182
2.40%		05/09/19			37,332,000		37,194,923
3.10%		01/15/19			161,350,000		161,334,946
3.20%		07/13/20			8,150,000		8,051,789
3.55%		04/09/21			51,224,000		50,545,848
Goldman Sachs Group, Inc. (The)
2.55%		10/23/19			87,083,000		86,619,588
2.91%		06/05/23	⁸		5,000,000		4,791,567
2.91%		07/24/23	⁸		9,114,000		8,692,766
3.27%		09/29/25	⁸		116,490,000		109,291,448
3.69%		06/05/28	⁸		70,665,000		66,192,566
3.81%		04/23/29	⁸		75,900,000		70,943,862
3.85%		01/26/27			13,860,000		13,050,694
4.02%		10/31/38	⁸		5,565,000		4,892,759
4.22%		05/01/29	⁸		11,540,000		11,139,416
5.25%		07/27/21			41,285,000		42,854,676
5.75%		01/24/22			10,395,000		10,883,469
Goldman Sachs Group, Inc. (The) (GMTN)
5.38%		03/15/20			60,000		61,352
Goldman Sachs Group, Inc. (The) (MTN)
3.85%		07/08/24			102,819,000		100,333,453


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Finance (continued)
Goldman Sachs Group, Inc., Series D (The) (MTN)
6.00%		06/15/20		$	9,510,000	$	9,850,406
Morgan Stanley
2.50%		01/24/19			63,094,000		63,072,012
(LIBOR USD 3-Month plus 0.93%)
3.40%		07/22/22	²		151,455,000		149,403,313
Morgan Stanley (GMTN)
2.38%		07/23/19			27,425,000		27,336,061
2.45%		02/01/19			31,284,000		31,267,404
4.00%		07/23/25			17,466,000		17,241,492
5.50%		01/26/20			4,000,000		4,090,459
5.50%		07/24/20			41,588,000		42,888,056
7.30%		05/13/19			177,103,000		179,807,365
(LIBOR USD 3-Month plus 0.55%)
3.17%		02/10/21	²		208,920,000		206,648,235
(LIBOR USD 3-Month plus 1.38%)
3.92%		02/01/19	²		14,595,000		14,606,100
Morgan Stanley (MTN)
5.63%		09/23/19			102,468,000		104,036,549
Morgan Stanley, Series 3NC2
(LIBOR USD 3-Month plus 0.80%)
3.41%		02/14/20	²		185,790,000		185,798,086
Pipeline Funding Co. LLC
7.50%		01/15/30	³		26,063,536		30,772,203
Protective Life Global Funding
2.70%		11/25/20	³		29,420,000		29,143,378
Raymond James Financial, Inc.
4.95%		07/15/46			55,981,000		54,850,576


							3,816,870,275

Food — 1.02%
Campbell Soup Co.
3.30%		03/15/21			12,610,000		12,538,249
(LIBOR USD 3-Month plus 0.50%)
3.29%		03/16/20	²		81,235,000		80,526,585
Chobani LLC/Chobani Finance Corp., Inc.
7.50%		04/15/25	³		14,944,000		11,843,120
Conagra Brands, Inc.
3.80%		10/22/21			19,277,000		19,296,513
4.60%		11/01/25			25,198,000		25,313,795
(LIBOR USD 3-Month plus 0.50%)
3.30%		10/09/20	²		8,525,000		8,431,630
(LIBOR USD 3-Month plus 0.75%)
3.22%		10/22/20	²		31,600,000		31,519,446
General Mills, Inc.
3.20%		04/16/21			8,315,000		8,273,860
3.70%		10/17/23			8,205,000		8,166,000
4.20%		04/17/28			59,655,000		58,568,005


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Food (continued)
Kraft Heinz Foods Co.
3.95%		07/15/25		$	26,439,000	$	25,622,837
4.00%		06/15/23			1,250,000		1,251,901
4.38%		06/01/46			90,793,000		75,578,817
4.63%		01/30/29			21,005,000		20,809,443
5.20%		07/15/45			23,577,000		21,334,320
5.38%		02/10/20			3,505,000		3,572,878
(LIBOR USD 3-Month plus 0.42%)
3.02%		08/09/19	²		11,505,000		11,477,284
Mondelez International Holdings
Netherlands BV (Netherlands)
1.63%		10/28/19	^1,3		121,532,000		120,066,689
2.00%		10/28/21	^1,3		34,567,000		33,085,868
Mondelez International, Inc.
(LIBOR USD 3-Month plus 0.52%)
3.06%		02/01/19	²		11,740,000		11,740,304
Pilgrim’s Pride Corp.
5.88%		09/30/27	³		15,303,000		13,925,730
Post Holdings, Inc.
5.00%		08/15/26	³		15,710,000		14,374,650
5.63%		01/15/28	³		21,905,000		20,234,744
5.75%		03/01/27	³		19,560,000		18,435,300
Tyson Foods, Inc.
2.65%		08/15/19			50,879,000		50,713,134


							706,701,102

Health Care — 5.45%
Abbott Laboratories
3.75%		11/30/26			29,401,000		29,070,459
AbbVie, Inc.
3.60%		05/14/25			44,612,000		42,851,188
4.25%		11/14/28			62,836,000		61,190,941
4.40%		11/06/42			15,773,000		13,892,914
4.50%		05/14/35			5,845,000		5,422,489
4.88%		11/14/48			46,365,000		43,360,214
Aetna, Inc.
4.13%		06/01/21			13,170,000		13,363,070
4.13%		11/15/42			6,375,000		5,518,586
Allergan Finance LLC
3.25%		10/01/22			10,772,000		10,512,020
Allergan Funding SCS (Luxembourg)
3.45%		03/15/22	¹		15,285,000		15,052,367
3.80%		03/15/25	¹		11,354,000		11,100,307
3.85%		06/15/24	¹		58,908,000		58,171,394
Allergan Sales LLC
5.00%		12/15/21	³		31,435,000		32,371,842
Amgen, Inc.
3.63%		05/22/24			5,633,000		5,620,929
4.40%		05/01/45			32,527,000		30,534,004


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Health Care (continued)
4.56%		06/15/48		$	4,068,000	$	3,905,157
4.66%		06/15/51			56,290,000		53,050,784
Anthem, Inc.
2.25%		08/15/19			70,320,000		69,953,615
3.30%		01/15/23			23,390,000		23,036,916
3.35%		12/01/24			59,880,000		58,412,204
3.50%		08/15/24			37,245,000		36,996,583
3.65%		12/01/27			56,315,000		53,883,994
4.38%		12/01/47			6,274,000		5,858,242
4.65%		01/15/43			12,185,000		11,878,790
AstraZeneca PLC (United Kingdom)
3.13%		06/12/27	¹		81,455,000		75,965,910
3.38%		11/16/25	¹		8,294,000		8,020,762
3.50%		08/17/23	¹		23,458,000		23,208,759
Bausch Health Cos., Inc. (Canada)
5.50%		11/01/25	^1,3		35,963,000		33,670,359
5.88%		05/15/23	^1,3		14,947,000		13,844,659
6.13%		04/15/25	^1,3		135,000		117,788
Baxalta, Inc.
2.88%		06/23/20			11,998,000		11,895,051
4.00%		06/23/25			4,695,000		4,567,920
Bayer U.S. Finance II LLC
2.13%		07/15/19	³		10,504,000		10,422,921
4.25%		12/15/25	³		12,551,000		12,233,542
4.38%		12/15/28	³		168,605,000		160,757,196
(LIBOR USD 3-Month plus 1.01%)
3.80%		12/15/23	^2,3		8,130,000		7,783,151
Bayer U.S. Finance LLC
2.38%		10/08/19	³		159,742,000		158,852,796
Becton Dickinson and Co.
2.68%		12/15/19			5,114,000		5,084,083
2.89%		06/06/22			12,140,000		11,802,024
3.25%		11/12/20			42,315,000		42,151,474
(LIBOR USD 3-Month plus 0.88%)
3.68%		12/29/20	²		134,297,000		132,985,208
Boston Scientific Corp.
6.00%		01/15/20			9,300,000		9,520,940
Catalent Pharma Solutions, Inc.
4.88%		01/15/26	³		7,723,000		7,356,157
Celgene Corp.
2.75%		02/15/23			51,220,000		49,057,576
2.88%		08/15/20			4,350,000		4,321,300
3.45%		11/15/27			30,032,000		27,380,046
3.88%		08/15/25			23,495,000		22,650,313
3.90%		02/20/28			58,436,000		54,915,007
5.00%		08/15/45			116,326,000		107,709,035
Centene Corp.
4.75%		05/15/22			5,876,000		5,824,585
4.75%		01/15/25			10,845,000		10,384,087


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Health Care (continued)
5.38%		06/01/26	³	$	22,869,000	$	22,389,894
5.63%		02/15/21			4,517,000		4,539,585
CHS/Community Health Systems, Inc.
5.13%		08/01/21			1,841,000		1,721,335
8.63%		01/15/24	³		5,038,000		5,000,215
Cigna Corp.
3.20%		09/17/20	³		68,750,000		68,550,041
3.75%		07/15/23	³		67,360,000		66,879,791
4.38%		10/15/28	³		94,675,000		95,387,743
4.80%		08/15/38	³		63,643,000		62,701,147
4.90%		12/15/48	³		6,885,000		6,762,398
(LIBOR USD 3-Month plus 0.35%)
3.14%		03/17/20	^2,3		25,000,000		24,851,600
(LIBOR USD 3-Month plus 0.65%)
3.44%		09/17/21	^2,3		81,400,000		80,281,159
(LIBOR USD 3-Month plus 0.89%)
3.33%		07/15/23	^2,3		68,250,000		67,251,806
Cigna Holding Co.
3.05%		10/15/27			72,111,000		65,491,390
CVS Health Corp.
2.13%		06/01/21			15,110,000		14,587,564
2.25%		08/12/19			12,000,000		11,943,004
2.75%		12/01/22			19,200,000		18,341,213
2.80%		07/20/20			74,671,000		74,006,092
3.13%		03/09/20			165,200,000		164,920,245
3.35%		03/09/21			20,127,000		20,080,017
3.88%		07/20/25			17,090,000		16,648,565
4.00%		12/05/23			44,268,000		44,509,639
4.13%		05/15/21			16,035,000		16,253,292
4.30%		03/25/28			60,320,000		59,080,386
4.78%		03/25/38			9,531,000		9,161,314
4.88%		07/20/35			34,160,000		32,879,905
5.05%		03/25/48			117,060,000		114,281,776
Elanco Animal Health, Inc.
3.91%		08/27/21	³		19,750,000		19,885,305
4.27%		08/28/23	³		6,000,000		6,001,195
4.90%		08/28/28	³		11,850,000		12,080,870
Fresenius Medical Care U.S. Finance II, Inc.
4.13%		10/15/20	³		3,850,000		3,877,255
5.63%		07/31/19	³		143,484,000		145,120,401
Gilead Sciences, Inc.
4.00%		09/01/36			16,630,000		15,188,185
4.50%		02/01/45			10,530,000		10,100,839
HCA, Inc.
4.25%		10/15/19			9,790,000		9,783,881
4.75%		05/01/23			7,267,000		7,176,163
5.00%		03/15/24			28,601,000		28,386,493
5.25%		04/15/25			13,975,000		13,940,063
5.25%		06/15/26			3,681,000		3,653,393


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Health Care (continued)
6.50%		02/15/20		$	42,247,000	$	43,408,793
Hologic, Inc.
4.38%		10/15/25	³		3,394,000		3,158,524
4.63%		02/01/28	³		9,333,000		8,460,365
Humana, Inc.
2.63%		10/01/19			16,200,000		16,121,112
Johnson & Johnson
2.90%		01/15/28			6,970,000		6,688,230
3.40%		01/15/38			6,375,000		5,946,277
Kaiser Foundation Hospitals
4.15%		05/01/47			59,170,000		58,532,097
Molina Healthcare, Inc.
4.88%		06/15/25	³		17,063,000		15,633,974
5.38%		11/15/22			27,313,000		26,357,045
Providence St. Joseph Health Obligated Group, Series H
2.75%		10/01/26			6,845,000		6,376,809
Shire Acquisitions Investments Ireland DAC (Ireland)
1.90%		09/23/19	¹		107,494,000		106,006,310
2.40%		09/23/21	¹		150,790,000		145,906,411
3.20%		09/23/26	¹		7,645,000		6,921,885
Teleflex, Inc.
4.63%		11/15/27			4,186,000		3,898,401
Tenet Healthcare Corp.
4.38%		10/01/21			5,885,000		5,737,875
4.50%		04/01/21			23,904,000		23,276,520
4.63%		07/15/24			8,853,000		8,266,489
4.75%		06/01/20			1,290,000		1,290,774
Teva Pharmaceutical Finance IV LLC
2.25%		03/18/20			18,465,000		17,899,112
Teva Pharmaceutical Finance
Netherlands III BV (Netherlands)
1.70%		07/19/19	¹		16,750,000		16,528,481
UnitedHealth Group, Inc.
3.95%		10/15/42			5,452,000		5,260,557
4.25%		03/15/43			11,250,000		11,225,459
4.75%		07/15/45			46,733,000		50,165,999
Valeant Pharmaceuticals International
9.25%		04/01/26	³		2,722,000		2,728,805
WellCare Health Plans, Inc.
5.25%		04/01/25			21,904,000		21,164,740
5.38%		08/15/26	³		1,901,000		1,843,970
Zimmer Biomet Holdings, Inc.
2.70%		04/01/20			250,000		246,755
(LIBOR USD 3-Month plus 0.75%)
3.55%		03/19/21	²		16,850,000		16,697,504


							3,786,936,090


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Industrials — 1.57%
Amcor Finance USA, Inc.
3.63%		04/28/26	³	$	11,781,000	$	11,132,161
4.50%		05/15/28	³		4,210,000		4,192,027
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.
(Ireland)
4.63%		05/15/23	^1,3		8,332,000		7,936,230
6.00%		02/15/25	^1,3		2,690,000		2,489,918
7.25%		05/15/24	^1,3		32,849,000		32,890,061
BAE Systems Holdings, Inc.
6.38%		06/01/19	³		45,190,000		45,745,611
Ball Corp.
4.00%		11/15/23			9,502,000		9,240,695
Bemis Co., Inc.
6.80%		08/01/19			7,415,000		7,568,317
Berry Global, Inc.
4.50%		02/15/26	³		3,114,000		2,857,095
5.13%		07/15/23			3,836,000		3,803,586
Clean Harbors, Inc.
5.13%		06/01/21			24,390,000		24,390,000
Crown Americas LLC/Crown Americas Capital Corp. V
4.25%		09/30/26			3,847,000		3,467,109
General Electric Co.
2.70%		10/09/22			27,420,000		25,455,712
General Electric Co. (GMTN)
2.20%		01/09/20			73,419,000		72,367,857
2.30%		01/14/19			12,825,000		12,818,718
3.15%		09/07/22			7,508,000		7,102,362
4.63%		01/07/21			100,670,000		101,010,345
5.50%		01/08/20			34,772,000		35,189,285
General Electric Co. (MTN)
4.38%		09/16/20			5,815,000		5,812,784
4.65%		10/17/21			106,992,000		107,430,507
5.55%		05/04/20			38,121,000		38,738,351
5.55%		01/05/26			104,629,000		103,933,060
5.88%		01/14/38			14,985,000		14,454,472
(LIBOR USD 3-Month plus
0.48%)
3.10%		08/15/36	²		11,550,000		7,969,893
General Electric Co., Series NOTZ (MTN)
(LIBOR USD 3-Month plus 0.80%)
3.24%		04/15/20	²		5,250,000		5,172,633
Graphic Packaging International LLC
4.13%		08/15/24			3,250,000		3,071,250
4.88%		11/15/22			3,721,000		3,674,488
Itron, Inc.
5.00%		01/15/26	³		19,844,000		18,206,870
L3 Technologies, Inc.
3.85%		06/15/23			96,710,000		97,205,818
4.40%		06/15/28			55,585,000		55,798,438


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Industrials (continued)
Multi-Color Corp.
4.88%		11/01/25	³	$	9,220,000	$	7,952,250
Northrop Grumman Corp.
3.20%		02/01/27			12,520,000		11,760,517
3.25%		01/15/28			40,635,000		37,985,491
OI European Group BV (Netherlands)
4.00%		03/15/23	^1,3		3,364,000		3,153,750
Sealed Air Corp.
4.88%		12/01/22	³		6,050,000		6,050,000
5.13%		12/01/24	³		3,255,000		3,210,244
5.25%		04/01/23	³		4,088,000		4,118,660
5.50%		09/15/25	³		14,156,000		14,014,440
Silgan Holdings, Inc.
4.75%		03/15/25			3,558,000		3,335,625
United Technologies Corp.
4.13%		11/16/28			4,270,000		4,238,795
4.50%		06/01/42			3,697,000		3,505,040
8.75%		03/01/21			7,320,000		8,127,013
(LIBOR USD 3-Month plus 0.65%)
3.28%		08/16/21	²		33,525,000		33,411,545
Waste Management, Inc.
3.15%		11/15/27			6,825,000		6,480,501
Westrock Co.
4.65%		03/15/26	³		24,935,000		25,353,760
4.90%		03/15/29	³		25,375,000		25,961,843
WestRock MWV LLC
7.38%		09/01/19			11,000,000		11,254,680
WestRock RKT Co.
3.50%		03/01/20			10,120,000		10,113,787
4.45%		03/01/19			450,000		450,751


							1,091,604,345

Information Technology — 0.51%
Analog Devices, Inc.
2.85%		03/12/20			240,000		239,227
Apple, Inc.
3.00%		11/13/27			7,070,000		6,722,892
Broadcom Corp./Broadcom Cayman Finance Ltd.
2.38%		01/15/20			214,924,000		212,286,023
Change Healthcare Holdings LLC/Change
Healthcare Finance, Inc.
5.75%		03/01/25	³		25,880,000		24,197,800
Dell International LLC/EMC Corp.
3.48%		06/01/19	³		41,913,000		41,793,372
IQVIA, Inc.
5.00%		10/15/26	³		17,505,000		16,800,424
NXP BV/NXP Funding LLC (Netherlands)
3.88%		09/01/22	^1,3		4,600,000		4,474,068
4.13%		06/01/21	^1,3		14,665,000		14,518,350


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Information Technology (continued)
Oracle Corp.
3.25%		11/15/27		$	21,785,000	$	20,951,103
Zayo Group LLC/Zayo Capital, Inc.
5.75%		01/15/27	³		16,815,000		15,049,425


							357,032,684

Insurance — 0.50%
Allstate Corp. (The)
(LIBOR USD 3-Month plus 0.43%)
3.23%		03/29/21	²		8,740,000		8,648,009
Berkshire Hathaway Finance Corp.
4.20%		08/15/48			51,261,000		51,081,202
4.30%		05/15/43			6,290,000		6,346,142
4.40%		05/15/42			4,982,000		5,088,313
Farmers Exchange Capital
7.05%		07/15/28	³		13,283,000		15,442,196
7.20%		07/15/48	³		18,265,000		21,265,592
Farmers Exchange Capital II
6.15%		11/01/53	^3,8		64,140,000		69,515,092
Farmers Exchange Capital III
5.45%		10/15/54	^3,8		72,575,000		69,672,000
Farmers Insurance Exchange
4.75%		11/01/57	^3,8		19,580,000		17,354,051
MassMutual Global Funding II
2.00%		04/15/21	³		5,765,000		5,609,861
Metropolitan Life Global Funding I
2.50%		12/03/20	³		23,790,000		23,512,132
Nationwide Mutual Insurance Co.
5.08%		12/15/24	^3,8		18,189,000		18,098,055
New York Life Global Funding
2.00%		04/13/21	³		17,300,000		16,860,396
Teachers Insurance & Annuity
Association of America
4.38%		09/15/54	^3,8		19,825,000		20,077,739


							348,570,780

Materials — 0.22%
Axalta Coating Systems LLC
4.88%		08/15/24	³		37,999,000		36,099,050
Georgia-Pacific LLC
2.54%		11/15/19	³		65,075,000		64,788,768
Indonesia Asahan Aluminum Persero PT (Indonesia)
6.53%		11/15/28	^1,3		4,000,000		4,205,000
International Flavors & Fragrances, Inc.
5.00%		09/26/48			13,254,000		13,366,599
LyondellBasell Industries NV (Netherlands)
5.00%		04/15/19	¹		4,194,000		4,198,643
SASOL Financing USA LLC
5.88%		03/27/24			8,420,000		8,389,688


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Materials (continued)
Valvoline, Inc.
4.38%		08/15/25		$	16,105,000	$	14,836,731
5.50%		07/15/24			6,995,000		6,858,598


							152,743,077

Real Estate Investment Trust (REIT) — 2.53%
Alexandria Real Estate Equities, Inc.
2.75%		01/15/20			26,671,000		26,469,234
3.90%		06/15/23			45,889,000		46,168,235
4.60%		04/01/22			32,455,000		33,455,962
American Campus Communities
Operating Partnership LP
3.35%		10/01/20			14,995,000		14,940,396
3.63%		11/15/27			7,095,000		6,672,417
3.75%		04/15/23			43,679,000		43,393,449
American Tower Corp.
2.80%		06/01/20			15,030,000		14,908,098
3.00%		06/15/23			34,305,000		33,039,608
3.40%		02/15/19			22,278,000		22,273,521
3.60%		01/15/28			7,445,000		6,969,309
AvalonBay Communities, Inc. (GMTN)
3.95%		01/15/21			6,025,000		6,099,032
AvalonBay Communities, Inc. (MTN)
(LIBOR USD 3-Month plus 0.43%)
2.87%		01/15/21	²		60,530,000		60,110,198
Boston Properties LP
2.75%		10/01/26			54,127,000		48,971,954
3.20%		01/15/25			72,105,000		68,866,404
4.50%		12/01/28			5,260,000		5,387,710
5.63%		11/15/20			7,914,000		8,192,474
CC Holdings GS V LLC/Crown Castle
GS III Corp.
3.85%		04/15/23			12,849,000		12,729,768
Crown Castle International Corp.
3.15%		07/15/23			17,770,000		17,099,838
3.20%		09/01/24			26,790,000		25,303,921
4.75%		05/15/47			4,950,000		4,569,147
Digital Realty Trust LP
3.63%		10/01/22			5,490,000		5,442,693
5.88%		02/01/20			18,197,000		18,569,331
GLP Capital LP/GLP Financing II, Inc.
4.38%		04/15/21			13,411,000		13,389,945
4.88%		11/01/20			19,699,000		19,893,399
5.25%		06/01/25			58,420,000		58,273,950
5.30%		01/15/29			25,900,000		25,471,495
5.38%		11/01/23			13,490,000		13,761,689
5.38%		04/15/26			63,032,000		62,496,858
5.75%		06/01/28			34,128,000		34,597,260


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Real Estate Investment Trust (REIT) (continued)
HCP, Inc.
2.63%		02/01/20		$	39,248,000	$	39,036,964
3.15%		08/01/22			10,530,000		10,269,756
3.88%		08/15/24			24,274,000		23,874,753
4.00%		12/01/22			54,010,000		54,010,824
4.20%		03/01/24			20,709,000		20,689,777
4.25%		11/15/23			77,695,000		77,908,156
Healthcare Realty Trust, Inc.
3.75%		04/15/23			12,755,000		12,571,382
Healthcare Trust of America Holdings LP
3.75%		07/01/27			18,945,000		18,070,675
Host Hotels & Resorts LP
5.25%		03/15/22			20,960,000		21,701,321
Kilroy Realty LP
3.45%		12/15/24			25,270,000		24,415,154
Liberty Property LP
3.38%		06/15/23			9,128,000		9,000,252
Life Storage LP
3.88%		12/15/27			6,960,000		6,624,375
MGM Growth Properties Operating Partnership LP/MGP
Finance Co.-Issuer, Inc.
4.50%		01/15/28			5,612,000		4,938,560
Mid-America Apartments LP
4.30%		10/15/23			9,636,000		9,888,273
Reckson Operating Partnership LP
7.75%		03/15/20			26,913,000		28,418,406
SBA Communications Corp.
4.88%		09/01/24			2,494,000		2,356,830
SL Green Operating Partnership LP
3.25%		10/15/22			16,935,000		16,379,134
(LIBOR USD 3-Month plus 0.98%)
3.61%		08/16/21	²		19,510,000		19,433,938
SL Green Realty Corp.
4.50%		12/01/22			14,495,000		14,681,470
UDR, Inc.
3.70%		10/01/20			7,263,000		7,294,044
Ventas Realty LP
3.25%		10/15/26			10,135,000		9,477,664
3.50%		02/01/25			22,540,000		21,605,906
3.75%		05/01/24			14,555,000		14,349,673
4.13%		01/15/26			20,800,000		20,658,361
Ventas Realty LP/Ventas Capital Corp.
2.70%		04/01/20			55,838,000		55,379,524
3.25%		08/15/22			7,357,000		7,259,689
VEREIT Operating Partnership LP
3.00%		02/06/19			42,463,000		42,448,393
WEA Finance LLC
3.15%		04/05/22	³		5,180,000		5,104,270


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Real Estate Investment Trust (REIT) (continued)
WEA Finance LLC/Westfield UK & Europe Finance PLC
2.70%		09/17/19	³	$	177,642,000	$	176,735,555
3.25%		10/05/20	³		100,965,000		100,876,959
Welltower, Inc.
4.00%		06/01/25			27,119,000		26,801,820
4.13%		04/01/19			74,948,000		74,986,373
4.95%		09/01/48			12,285,000		12,095,349
6.13%		04/15/20			11,200,000		11,556,971


							1,758,417,846

Retail — 0.67%
Alimentation Couche-Tard, Inc. (Canada)
2.35%		12/13/19	^1,3		55,703,000		55,196,158
2.70%		07/26/22	^1,3		4,128,000		3,986,775
3.55%		07/26/27	^1,3		10,115,000		9,462,323
BC ULC/New Red Finance, Inc. (Canada)
4.25%		05/15/24	^1,3		12,794,000		11,802,465
Cumberland Farms, Inc.
6.75%		05/01/25	³		3,771,000		3,803,996
Dollar Tree, Inc.
(LIBOR USD 3-Month plus 0.70%)
3.15%		04/17/20	²		40,895,000		40,641,810
Family Dollar Stores, Inc.
5.00%		02/01/21			18,280,000		18,771,256
Home Depot, Inc. (The)
4.50%		12/06/48			6,620,000		6,820,586
Rite Aid Corp.
6.13%		04/01/23	³		57,373,000		45,539,819
Walgreens Boots Alliance, Inc.
2.70%		11/18/19			76,310,000		75,884,755
3.45%		06/01/26			41,825,000		39,415,957
3.80%		11/18/24			11,195,000		11,034,542
4.80%		11/18/44			14,164,000		13,069,781
Walmart, Inc.
3.55%		06/26/25			49,895,000		50,487,806
3.70%		06/26/28			70,690,000		71,472,609
4.05%		06/29/48			8,315,000		8,258,666


							465,649,304

Services — 0.28%
DP World Crescent Ltd. (Cayman Islands)
4.85%		09/26/28	^1,3		6,600,000		6,477,966
Gartner, Inc.
5.13%		04/01/25	³		1,488,000		1,448,017
IHS Markit Ltd. (Bermuda)
4.00%		03/01/26	^1,3		21,158,000		19,729,835
4.13%		08/01/23	¹		38,500,000		38,155,425
4.75%		02/15/25	^1,3		29,266,000		28,863,593
4.75%		08/01/28	¹		4,550,000		4,461,002


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Services (continued)
5.00%		11/01/22	^1,3	$	59,254,000	$	60,142,810
Matthews International Corp.
5.25%		12/01/25	³		11,682,000		10,893,465
Moody’s Corp.
3.25%		06/07/21			6,095,000		6,076,636
Northwestern University
3.69%		12/01/38			18,720,000		18,050,456
Service Corp. International/U.S.
4.63%		12/15/27			1,922,000		1,813,888


							196,113,093

Transportation — 0.61%
America West Airlines Pass-Through Trust,
Series 1999-1, Class G
7.93%		01/02/19			1,120,189		1,121,365
America West Airlines Pass-Through Trust, Series 2001-1, Class G
7.10%		04/02/21			5,396,809		5,599,189
American Airlines Pass-Through Trust, Series 2011-1, Class A
5.25%		01/31/21			2,130,253		2,177,331
American Airlines Pass-Through Trust, Series 2013-1, Class A
4.00%		07/15/25			17,844,649		17,789,410
American Airlines Pass-Through Trust, Series 2013-2, Class A
4.95%		01/15/23			68,573,754		69,747,634
American Airlines Pass-Through Trust, Series 2017-2, Class AA
3.35%		10/15/29			19,405,266		18,289,463
Continental Airlines Pass-Through Trust, Series 1999-1, Class A
6.55%		02/02/19			1,009,035		1,011,618
Continental Airlines Pass-Through Trust, Series 1999-2 AMBC, Class C2
6.24%		03/15/20			27,134		27,394
Continental Airlines Pass-Through Trust, Series 1999-2, Class A
7.26%		03/15/20			2,271,504		2,313,072
Continental Airlines Pass-Through Trust, Series 2000-1, Class A1
8.05%		11/01/20			7,863		8,166
Continental Airlines Pass-Through Trust, Series 2000-2, Class A1
7.71%		04/02/21			1,544,303		1,624,416
Continental Airlines Pass-Through Trust, Series 2007-1, Class A
5.98%		04/19/22			62,092,127		64,911,110
Continental Airlines Pass-Through Trust, Series 2007-1, Class B
6.90%		04/19/22			540,695		556,430


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Transportation (continued)
Continental Airlines Pass-Through Trust, Series 2009-2, Class A
7.25%		11/10/19		$	27,853,069	$	28,723,477
Delta Air Lines Pass-Through Trust, Series 2002-1, Class G1
6.72%		01/02/23			37,385,226		39,743,711
Northwest Airlines Pass-Through Trust, Series 2001-1, Class A1
7.04%		04/01/22			3,263,305		3,514,580
SMBC Aviation Capital Finance DAC (Ireland)
3.00%		07/15/221,3			20,315,000		19,717,462
U.S. Airways Pass-Through Trust, Series 2001-1, Class G
7.08%		03/20/21			630,930		658,512
U.S. Airways Pass-Through Trust, Series 2010-1, Class A
6.25%		04/22/23			17,493,583		18,625,978
U.S. Airways Pass-Through Trust, Series 2011-1, Class A
7.13%		10/22/23			3,258,017		3,558,595
U.S. Airways Pass-Through Trust, Series 2012-1, Class A
5.90%		10/01/24			40,871,560		43,486,093
U.S. Airways Pass-Through Trust, Series 2012-2, Class A
4.63%		06/03/25			9,800		9,955
Union Pacific Corp.
3.95%		09/10/28			44,490,000		44,606,768
United Airlines Pass-Through Trust, Series 2018-1, Class AA
3.50%		03/01/30			34,925,000		33,528,000


							421,349,729

Total Corporates
(Cost $24,872,366,251)							24,392,433,064


FOREIGN GOVERNMENT OBLIGATIONS — 0.14%
Foreign Government Obligations — 0.14%

Argentine Republic Government International Bond (Argentina)
6.88%		04/22/21	¹		9,240,000		8,376,060

Bahrain Government International Bond, Series REGS (Bahrain)
7.00%		10/12/28	¹		4,700,000		4,711,750

Brazilian Government International Bond (Brazil)
4.63%		01/13/28	¹		5,700,000		5,501,640

Colombia Government International Bond (Colombia)
4.00%		02/26/24	¹		4,700,000		4,648,887

Dominican Republic International Bond, Series REGS (Dominican Republic)
6.60%		01/28/24	¹		8,420,000		8,798,900


Issues	Maturity Date			Principal Amount		Value

FOREIGN GOVERNMENT OBLIGATIONS (continued)
Foreign Government Obligations (continued)
Egypt Government International Bond (Egypt)
5.58%		02/21/23	^1,3	$	4,700,000	$	4,462,650
Mexico Government International Bond (Mexico)
3.75%		01/11/28	¹		7,500,000		7,020,938
Oman Government International Bond (Oman)
5.63%		01/17/28	^1,3		9,400,000		8,320,880
Perusahaan Penerbit SBSN Indonesia III, Series REGS (Indonesia)
4.15%		03/29/27	¹		5,100,000		4,908,750
Qatar Government International Bond (Qatar)
4.50%		04/23/28	¹		8,430,000		8,806,821
Russian Foreign Bond - Eurobond, Series REGS (Russia)
4.75%		05/27/26	¹		9,400,000		9,329,500
Saudi Government International Bond (Saudi Arabia)
4.00%		04/17/25	^1,3		8,420,000		8,361,060
Saudi Government International Bond, Series REGS (EMTN) (Saudi Arabia)
4.50%		10/26/46	¹		3,800,000		3,446,999
South Africa Government International Bond (South Africa)
4.67%		01/17/24	¹		7,500,000		7,340,850
Uruguay Government International Bond (Uruguay)
4.38%		10/27/27	¹		6,570,000		6,612,705

Total Foreign Government Obligations
(Cost $102,610,357)							100,648,390


MORTGAGE-BACKED — 41.30%**
Non-Agency Commercial
Mortgage-Backed — 1.58%
225 Liberty Street Trust, Series 2016-225L, Class A
3.60%		02/10/36	³		63,710,000		63,686,892
Banc of America Merrill Lynch Commercial Mortgage Trust, Series 2018-PARK, Class A
4.09%		08/10/38	^3,8		99,295,000		103,418,627
Banc of America Merrill Lynch Trust, Series 2011-FSHN, Class A
4.42%		07/11/33	³		7,740,000		7,895,306
Bayview Commercial Asset Trust, Series 2004-1, Class A
(LIBOR USD 1-Month plus 0.54%)
2.86%		04/25/34	^2,3		29,678		29,413
Bayview Commercial Asset Trust, Series 2004-2, Class A


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Commercial
Mortgage-Backed (continued)
(LIBOR USD 1-Month plus 0.43%)
2.94%		08/25/34	^2,3	$	282,799	$	278,565
BB-UBS Trust, Series 2012-SHOW, Class A
3.43%		11/05/36	³		8,640,000		8,571,614
Capmark Mortgage Securities, Inc., Series 1998-C2, Class X (IO)
1.13%		05/15/35	⁸		2,988,415		30
CGRBS Commercial Mortgage Trust, Series 2013-VN05, Class A
3.37%		03/13/35	³		42,582,744		42,683,442
Citigroup Commercial Mortgage Trust, Series 2013-375P, Class A
3.25%		05/10/35	³		5,000		4,997
Commercial Mortgage Trust, Series 2013-300P, Class A1
4.35%		08/10/30	³		14,635,000		15,385,960
Commercial Mortgage Trust, Series 2013-CR12, Class A4
4.05%		10/10/46			440,000		454,951
Commercial Mortgage Trust, Series 2013-SFS, Class A2
2.99%		04/12/35	^3,8		7,205,000		7,170,098
Commercial Mortgage Trust, Series 2014-277P, Class A
3.61%		08/10/49	^3,8		15,960,000		16,173,700
Commercial Mortgage Trust, Series 2015-3BP, Class A
3.18%		02/10/35	³		16,440,000		16,220,039
Commercial Mortgage Trust, Series 2016-787S, Class A
3.55%		02/10/36	³		74,550,000		73,853,080
Core Industrial Trust, Series 2015-CALW, Class A
3.04%		02/10/34	³		45,744,931		45,551,201
Core Industrial Trust, Series 2015-TEXW, Class A
3.08%		02/10/34	³		3,051,927		3,041,311
DBUBS Mortgage Trust, Series 2011-LC1A, Class A2
4.53%		11/10/46	³		1,986,338		1,990,371
Eleven Madison Mortgage Trust, Series 2015-11MD, Class A
3.55%		09/10/35	^3,8		1,362,500		1,372,503
GE Business Loan Trust, Series 2007-1A, Class A
(LIBOR USD 1-Month plus 0.17%)
2.63%		04/15/35	^2,3		7,202,757		7,069,822
GRACE Mortgage Trust, Series 2014-GRCE, Class A
3.37%		06/10/28	³		73,520,000		73,617,870
GS Mortgage Securities Corp. II, Series 2013-KING, Class A


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Commercial
Mortgage-Backed (continued)
2.71%		12/10/27	³	$	7,320,648	$	7,278,063
GS Mortgage Securities Trust, Series 2010-C2, Class A1
3.85%		12/10/43	³		2,881,505		2,900,055
GS Mortgage Securities Trust, Series 2011-GC5, Class A4
3.71%		08/10/44			87,335,000		88,201,027
GS Mortgage Securities Trust, Series 2012-ALOH, Class A
3.55%		04/10/34	³		59,497,000		60,012,333
Irvine Core Office Trust, Series 2013-IRV, Class A1
2.07%		05/15/48	³		6,544,707		6,396,938
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2006-LDP9, Class A3S
5.24%		05/15/47	³		1,254,644		1,249,133
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2011-C5, Class A3
4.17%		08/15/46			34,511,170		35,215,598
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2012-HSBC, Class A
3.09%		07/05/32	³		41,592,581		41,474,533
Lehman Brothers Small Balance Commercial Mortgage Trust, Series 2007-1A, Class 2A3
5.62%		03/25/37	^3,8		2,382,918		2,359,975
Morgan Stanley Capital I Trust, Series 2014-CPT, Class A
3.35%		07/13/29	³		975,000		976,974
Morgan Stanley Capital I Trust, Series 2014-MP, Class A
3.47%		08/11/33	³		94,742,500		95,919,486
Morgan Stanley Capital I Trust, Series 2015-420, Class A
3.73%		10/12/50	³		1,065,000		1,076,503
Queens Center Mortgage Trust, Series 2013-QCA, Class A
3.28%		01/11/37	³		15,810,000		15,591,340
RBS Commercial Funding, Inc., Trust, Series 2013-GSP, Class A
3.83%		01/15/32	^3,8		103,085,000		104,093,687
SFAVE Commercial Mortgage Securities Trust, Series 2015-5AVE, Class A1
3.87%		01/05/43	^3,8		20,040,000		18,641,693
VNDO Mortgage Trust, Series 2012-6AVE, Class A
3.00%		11/15/30	³		29,803,200		29,570,592
Wells Fargo Commercial Mortgage Trust, Series 2010-C1, Class A2
4.39%		11/15/43	³		900,000		915,605


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Commercial
Mortgage-Backed (continued)
Wells Fargo Commercial Mortgage Trust, Series 2013-120B, Class A
2.71%		03/18/28	^3,8	$	49,280,000	$	48,898,942
WF-RBS Commercial Mortgage Trust, Series 2010-C8, Class A3
3.00%		08/15/45			47,205,000		46,935,818
WF-RBS Commercial Mortgage Trust, Series 2011-C4, Class A3
4.39%		06/15/44	³		147,920		148,101


							1,096,326,188

Non-Agency Mortgage-Backed — 7.12%
Aames Mortgage Trust, Series 2002-1, Class A3 (STEP-reset date 02/25/19)
7.40%		06/25/32			47,879		47,771
Accredited Mortgage Loan Trust, Series 2007-1, Class A4
(LIBOR USD 1-Month plus 0.22%)
2.73%		02/25/37	²		46,525,000		45,580,496
ACE Securities Corp. Home Equity Loan Trust, Series 2004-IN1, Class A1
(LIBOR USD 1-Month plus 0.64%)
3.15%		05/25/34	²		4,181		3,881
ACE Securities Corp. Home Equity Loan Trust, Series 2006-HE3, Class A2C
(LIBOR USD 1-Month plus 0.15%)
2.66%		06/25/36	²		3,559,893		2,856,398
ACE Securities Corp. Home Equity Loan Trust, Series 2007-ASAP2, Class A1
(LIBOR USD 1-Month plus 0.19%)
2.70%		06/25/37	²		47,983,057		39,495,799
Adjustable Rate Mortgage Trust, Series 2005-10, Class 6A1
(LIBOR USD 1-Month plus 0.54%)
3.05%		01/25/36	²		336,804		316,487
Adjustable Rate Mortgage Trust, Series 2005-5, Class 6A21
(LIBOR USD 1-Month plus 0.23%)
2.74%		09/25/35	²		487,767		486,527
Adjustable Rate Mortgage Trust, Series 2006-3, Class 4A32
(LIBOR USD 1-Month plus 0.20%)
2.71%		08/25/36	²		11,618,502		11,429,150
American Home Mortgage Assets Trust, Series 2006-3, Class 2A12 (Federal Reserve US 12-Month Cumulative Average plus 1.15%)
3.31%		10/25/46	²		51,170,912		45,450,383
American Home Mortgage Assets Trust, Series 2007-2, Class A1


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
(LIBOR USD 1-Month plus 0.13%)
2.63%		03/25/47	²	$	16,750,363	$	15,330,142
American Home Mortgage Investment Trust, Series 2004-3, Class 2A (LIBOR USD 6-Month plus 1.50%)
4.30%		10/25/34	²		6,740,493		6,605,682
Ameriquest Mortgage Securities Trust, Series 2006-R1, Class M1 (LIBOR USD 1-Month plus 0.39%)
2.90%		03/25/36	²		20,041,967		20,000,747
Ameriquest Mortgage Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-R10, Class A1 (LIBOR USD 1-Month plus 0.66%)
3.17%		11/25/34	²		29,726,646		29,503,786
Ameriquest Mortgage Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-R11, Class M1 (LIBOR USD 1-Month plus 0.45%)
2.96%		01/25/36	²		17,946,372		17,988,314
Amresco Residential Securities Corp. Mortgage Loan Trust, Series 1998-1, Class A5 (STEP-reset date 02/25/19)
7.23%		10/25/27			50,048		51,233
Argent Securities, Inc., Asset-Backed Pass-Through Certificates Series 2005-W3, Class M1 (LIBOR USD 1-Month plus 0.44%)
2.95%		11/25/35	²		19,840,000		19,426,729
Argent Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-W6, Class AV2 (LIBOR USD 1-Month plus 0.90%)
3.41%		05/25/34	²		13,495,823		13,401,239
Argent Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-W2, Class A1 (LIBOR USD 1-Month plus 0.26%)
2.77%		10/25/35	²		14,927,344		14,926,524
Argent Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-W3, Class A1 (LIBOR USD 1-Month plus 0.26%)
2.77%		11/25/35	²		34,485,274		34,091,242
Asset-Backed Funding Certificates, Series 2005-HE1, Class M1 (LIBOR USD 1-Month plus 0.63%)
3.14%		03/25/35	²		9,211,598		9,209,269
Asset-Backed Funding Certificates, Series 2006-OPT3, Class A3B (LIBOR USD 1-Month plus 0.16%)
2.67%		11/25/36	²		23,270,405		13,464,133


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Asset-Backed Funding Certificates, Series 2007-WMC1, Class A2B (LIBOR USD 1-Month plus 1.00%)
3.51%		06/25/37	²	$	24,158,037	$	20,559,751
Asset-Backed Securities Corp. Home Equity Loan Trust, Series 2006-HE5, Class A1
(LIBOR USD 1-Month plus 0.13%)
2.63%		07/25/36	²		18,007,615		17,730,438
Asset-Backed Securities Corp. Home Equity Loan Trust, Series 2006-HE6, Class A5
(LIBOR USD 1-Month plus 0.23%)
2.74%		11/25/36	²		18,411,000		17,166,508
Banc of America Funding Trust, Series 2003-2, Class 1A1
6.50%		06/25/32			19,923		20,976
Banc of America Funding Trust, Series 2006-D, Class 3A1
3.91%		05/20/36	⁸		6,337,247		5,946,353
Banc of America Funding Trust, Series 2006-E, Class 2A1
4.25%		06/20/36	⁸		89,044		86,750
Banc of America Funding Trust, Series 2006-G, Class 2A1
(LIBOR USD 1-Month plus 0.22%)
2.69%		07/20/36	²		7,048,917		7,001,508
Banc of America Funding Trust, Series 2006-H, Class 3A1
4.25%		09/20/46	⁸		1,697,366		1,564,063
Banc of America Funding Trust, Series 2014-R8, Class A1
(LIBOR USD 1-Month plus 0.24%)
2.75%		06/26/36	^2,3		7,202,266		7,160,235
Banc of America Funding Trust, Series 2015-R2, Class 1A1 (LIBOR USD 1-Month plus 0.14%)
2.65%		08/27/36	^2,3		31,138,410		30,410,518
Banc of America Funding Trust, Series 2015-R2, Class 3A1 (LIBOR USD 1-Month plus 0.26%)
2.77%		04/29/37	^2,3		15,586,424		15,434,293
Banc of America Funding Trust, Series 2015-R2, Class 7A1 (LIBOR USD 1-Month plus 0.28%)
2.79%		09/29/36	^2,3		11,819,667		11,800,991
Banc of America Funding Trust, Series 2015-R2, Class 9A1 (LIBOR USD 1-Month plus 0.22%)
2.72%		03/27/36	^2,3		6,927,851		6,859,496
Banc of America Funding Trust, Series 2015-R5, Class 1A1


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
(LIBOR USD 1-Month plus 0.13%)
2.64%		10/26/36	^2,3	$	42,079,326	$	41,571,361
Banc of America Funding Trust, Series 2015-R5, Class 1A2 (LIBOR USD 1-Month plus 0.13%)
2.64%		10/26/36	^2,3		42,536,000		40,919,313
Banc of America Funding Trust, Series 2016-R1, Class A1
2.50%		03/25/40	^3,8		35,085,429		34,326,215
Banc of America Mortgage Securities, Inc., Series 2004-F, Class 1A1
4.49%		07/25/34	⁸		51,616		52,685
Banc of America Mortgage Securities, Inc., Series 2005-C, Class 2A2
4.04%		04/25/35	⁸		488,284		461,605
Banc of America Mortgage Securities, Inc., Series 2006-2, Class A2 (0.00 X LIBOR USD 1-Month plus 6.00%, 6.00% Cap)
6.00%		07/25/46	²		192,144		182,751
Banc of America Mortgage Securities, Inc., Series 2007-1, Class 1A24
6.00%		03/25/3	⁷		850,107		787,097
Banc of America Mortgage Securities, Inc., Series 2007-3, Class 1A1
6.00%		09/25/37			483,606		460,355
BCAP LLC Trust, Series 2007-AA2, Class 2A5
6.00%		04/25/37			317,328		257,006
BCAP LLC Trust, Series 2007-AA5, Class A1
(LIBOR USD 1-Month plus 0.65%)
3.16%		09/25/47	²		28,830,506		27,009,730
BCAP LLC Trust, Series 2011-RR3, Class 5A3
3.95%		11/27/37	^3,8		2,226,643		2,224,474
BCAP LLC Trust, Series 2015-RR2, Class 26A1
4.61%		03/28/36	^3,8		4,731,380		4,765,807
Bear Stearns ALT-A Trust, Series 2005-4, Class 22A2
4.03%		05/25/35	⁸		21,956		19,844
Bear Stearns ALT-A Trust, Series 2005-7, Class 11A1
(LIBOR USD 1-Month plus 0.54%)
3.05%		08/25/35	²		425,293		423,271
Bear Stearns ALT-A Trust, Series 2006-4, Class 32A1
4.03%		07/25/36	⁸		2,151,996		1,810,934
Bear Stearns ARM Trust, Series 2004-1, Class 13A2
3.95%		04/25/34	⁸		8,924		8,901


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Bear Stearns ARM Trust, Series 2004-10, Class 14A1
4.45%		01/25/35	⁸	$	3,427,625	$	3,397,416
Bear Stearns ARM Trust, Series 2006-4, Class 2A1
4.11%		10/25/36	⁸		691,355		644,007
Bear Stearns Asset-Backed Securities I Trust, Series 2005-AC5, Class 2A3 (LIBOR USD 1-Month plus 0.25%)
2.76%		08/25/20	²		1,685,863		1,152,122
Bear Stearns Asset-Backed Securities I Trust, Series 2006-AC2, Class 21A3
6.00%		03/25/36			878,558		979,505
Bear Stearns Asset-Backed Securities I Trust, Series 2006-HE9, Class 3A (LIBOR USD 1-Month plus 0.14%)
2.65%		11/25/36	²		9,617,398		8,772,185
Bear Stearns Asset-Backed Securities Trust, Series 2003-AC7, Class A1 (STEP-reset date 02/25/19)
5.50%		01/25/34			742,739		740,099
Bear Stearns Asset-Backed Securities Trust, Series 2003-AC7, Class A2 (STEP-reset date 02/25/19)
5.75%		01/25/34			669,629		668,223
Bear Stearns Mortgage Funding Trust, Series 2006-AR3, Class 1A1 (LIBOR USD 1-Month plus 0.18%)
2.69%		10/25/36	²		2,521,893		2,355,655
Bear Stearns Mortgage Funding Trust, Series 2007-AR5, Class 1A1A (LIBOR USD 1-Month plus 0.17%)
2.68%		06/25/47	²		632,324		593,551
Bombardier Capital Mortgage Securitization Corp., Series 2001-A, Class A
6.81%		12/15/30	⁸		395,890		396,491
Carrington Mortgage Loan Trust, Series 2005-NC5, Class M1 (LIBOR USD 1-Month plus 0.48%)
2.99%		10/25/35	²		668,057		668,413
Carrington Mortgage Loan Trust, Series 2006-NC1, Class A4 (LIBOR USD 1-Month plus 0.31%)
2.82%		01/25/36	²		75,435,000		75,034,908
Centex Home Equity Loan Trust, Series 2006-A, Class AV4 (LIBOR USD 1-Month plus 0.25%)
2.76%		06/25/36	²		10,628,222		10,559,788
Chase Funding Trust, Series 2003-5, Class 2A2 (LIBOR USD 1-Month plus 0.60%)
3.11%		07/25/33	²		3,059		2,871


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Chase Funding Trust, Series 2004-2, Class 2A2 (LIBOR USD 1-Month plus 0.50%)
3.01%		02/26/35	²	$	5,668	$	5,410
Chase Mortgage Finance Trust, Series 2006-A1, Class 1A2
4.07%		09/25/36	⁸		934,207		866,985
Chase Mortgage Finance Trust, Series 2006-S3, Class 2A1
5.50%		11/25/21			1,858,605		1,307,264
Chase Mortgage Finance Trust, Series 2007-A2, Class 2A3
4.51%		07/25/37	⁸		2,496,016		2,563,885
Chaseflex Trust, Series 2005-2, Class 4A2
5.50%		05/25/20			895,270		808,481
Chaseflex Trust, Series 2006-2, Class A2B (LIBOR USD 1-Month plus 0.20%)
2.71%		09/25/36	²		9,051,610		8,192,865
CIM Trust, Series 2016-4, Class A1 (LIBOR USD 1-Month plus 2.00%)
4.35%		10/25/57	^2,3		269,906,779		276,142,881
CIM Trust, Series 2017-5, Class A1
2.30%		05/25/57	^3,8		9,997,175		9,895,479
CIM Trust, Series 2017-8, Class A1
3.00%		12/25/65	^3,8		142,069,618		139,520,847
CIM Trust, Series 2018-R1, Class A1
3.65%		05/01/55	³		118,474,774		115,951,605
CIM Trust, Series 2018-R2, Class A1
3.69%		08/25/57	^3,8		93,113,147		91,625,580
CIM Trust, Series 2018-R4, Class A1
4.07%		12/26/57	^3,8		64,171,625		63,617,850
CIM Trust, Series 2018-R5, Class A1
3.75%		07/25/58	^3,8		163,323,471		162,289,862
CIM Trust, Series 2018-R6, Class A1 (LIBOR USD 1-Month plus 1.08%)
3.43%		09/25/58	^2,3		134,907,643		133,535,039
CIT Mortgage Loan Trust, Series 2007-1, Class 1A (LIBOR USD 1-Month plus 1.35%)
3.86%		10/25/37	^2,3		65,503,875		66,363,410
Citicorp Mortgage Securities, Inc., Series 2005-1, Class 1A12
5.00%		02/25/35			253,554		256,554
Citicorp Residential Mortgage Trust, Series 2006-2, Class A5 (STEP-reset date 02/25/19)
5.41%		09/25/36			471,448		476,311
Citicorp Residential Mortgage Trust, Series 2007-1, Class A5 (STEP-reset date 02/25/19)


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
5.36%		03/25/37		$	650,000	$	676,234
Citigroup Mortgage Loan Trust, Inc., Series 2004-HYB1, Class A41
3.49%		02/25/34	⁸		130,491		127,267
Citigroup Mortgage Loan Trust, Inc., Series 2004-RR2, Class A2
4.31%		05/25/34	^3,8		2,071,845		2,129,442
Citigroup Mortgage Loan Trust, Inc., Series 2005-5, Class 3A2A
4.10%		10/25/35	⁸		713,020		541,974
Citigroup Mortgage Loan Trust, Inc., Series 2005-9, Class 1A1
(LIBOR USD 1-Month plus 0.26%)
2.77%		11/25/35	²		193,964		154,992
Citigroup Mortgage Loan Trust, Inc., Series 2006-WFH2, Class A2A
(LIBOR USD 1-Month plus 0.15%)
2.66%		08/25/36	²		277,059		277,662
Citigroup Mortgage Loan Trust, Inc., Series 2007-WFH1, Class A4
(LIBOR USD 1-Month plus 0.20%)
2.71%		01/25/37	²		53,801		53,943
Citigroup Mortgage Loan Trust, Inc., Series 2007-WFH3, Class A3
(LIBOR USD 1-Month plus 0.25%)
2.76%		06/25/37	²		715,495		705,924
Citigroup Mortgage Loan Trust, Series 2006-HE1, Class M2
(LIBOR USD 1-Month plus 0.51%)
3.02%		01/25/36	²		2,785,975		2,792,416
Citigroup Mortgage Loan Trust, Series 2006-AR2, Class 1A1
4.13%		03/25/36	⁸		16,465,397		15,839,587
Citigroup Mortgage Loan Trust, Series 2006-AR3, Class 1A2A
4.10%		06/25/36	⁸		4,981,673		4,781,215
Citigroup Mortgage Loan Trust, Series 2006-HE2, Class M1
(LIBOR USD 1-Month plus 0.29%)
2.80%		08/25/36	²		305,000		296,252
Citigroup Mortgage Loan Trust, Series 2006-WF2, Class A1 (STEP-reset date 02/25/19)
6.75%		05/25/36			46,927,869		34,346,146
Citigroup Mortgage Loan Trust, Series 2007-6, Class 1A4A
3.44%		03/25/37	⁸		534,372		447,832
Citigroup Mortgage Loan Trust, Series 2010-7, Class 2A1
4.16%		02/25/35	^3,8		47,561		47,984
Citigroup Mortgage Loan Trust, Series 2012-3, Class 4A1


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
4.09%		11/25/36	^3,⁸	$	516,715	$	517,541
Citigroup Mortgage Loan Trust, Series 2014-5, Class 2A2
(LIBOR USD 1-Month plus 1.75%)
3.99%		02/20/36	²^,³		16,549,776		15,934,171
Citigroup Mortgage Loan Trust, Series 2014-6, Class 3A2
4.26%		11/25/35	³^,⁸		1,669,648		1,673,205
Citigroup Mortgage Loan Trust, Series 2015-2, Class 1A1
(LIBOR USD 1-Month plus 0.20%)
2.52%		06/25/47	²^,³		15,700,335		15,714,285
Citigroup Mortgage Loan Trust, Series 2015-2, Class 4A1
(LIBOR USD 1-Month plus 0.70%)
2.75%		03/25/47	²^,³		18,920,867		18,426,774
Citigroup Mortgage Loan Trust, Series 2015-3, Class 1A1
(LIBOR USD 1-Month plus 0.27%)
2.85%		03/25/36	²^,³		7,517,592		7,442,264
Conseco Finance Corp., Series 1996-7, Class M1
7.70%		09/15/26	⁸		4,546,365		4,846,525
Conseco Finance Corp., Series 1998-2, Class A5
6.24%		12/01/28			18,977		19,302
Conseco Finance Corp., Series 1998-3, Class A6
6.76%		03/01/30	⁸		1,909,137		1,987,192
Conseco Finance Corp., Series 1998-6, Class A8
6.66%		06/01/30	⁸		2,470,004		2,576,024
Conseco Finance Home Equity Loan Trust, Series 2002-C, Class BF2
8.00%		06/15/32	^3,8		231,168		239,146
Conseco Finance Securitizations Corp., Series 2001-4, Class A4
7.36%		08/01/32	⁸		913,751		931,538
CountryPlace Manufactured Housing Contract Trust, Series 2007-1, Class A4
5.85%		07/15/37	^3,8		7,049,770		7,160,821
Countrywide Alternative Loan Trust, Series 2004-J6, Class 2A1
6.50%		11/25/31			9,074		9,470
Countrywide Alternative Loan Trust, Series 2005-38, Class A1
(Federal Reserve US 12-Month Cumulative Average plus 1.50%)
3.66%		09/25/35	²		627,005		616,919
Countrywide Alternative Loan Trust, Series 2005-76, Class 2A1


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
(Federal Reserve US 12-Month Cumulative Average plus 1.00%)
3.16%		02/25/36	²	$	55,232,358	$	52,076,991
Countrywide Alternative Loan Trust, Series 2005-84, Class 1A1
3.70%		02/25/36	⁸		75,023		59,191
Countrywide Alternative Loan Trust, Series 2006-24CB, Class A19
(LIBOR USD 1-Month plus 0.50%)
3.01%		08/01/36	²		1,088,432		746,904
Countrywide Alternative Loan Trust, Series 2006-HY13, Class 4A1
3.89%		02/25/37	⁸		1,885,731		1,826,829
Countrywide Alternative Loan Trust, Series 2006-OC5, Class 2A2A
(LIBOR USD 1-Month plus 0.17%)
2.68%		06/25/46	²		533,293		552,935
Countrywide Alternative Loan Trust, Series 2007-J1, Class 2A1
(LIBOR USD 1-Month plus 0.20%)
2.71%		03/25/37	²		675,767		262,098
Countrywide Asset-Backed Certificates, Series 2005-11, Class AF4
5.21%		03/25/34	⁸		6,066,597		6,110,819
Countrywide Asset-Backed Certificates, Series 2005-13, Class AF4
5.81%		04/25/36	⁸		261,007		228,714
Countrywide Asset-Backed Certificates, Series 2005-AB2, Class 1A1
(LIBOR USD 1-Month plus 0.46%)
2.97%		11/25/35	²		18,235,806		18,110,056
Countrywide Asset-Backed Certificates, Series 2007-13, Class 2A2
(LIBOR USD 1-Month plus 0.80%)
3.31%		10/25/47	²		12,742,443		12,544,226
Countrywide Home Loan Mortgage Pass-Through Trust, Series 2001-HYB1, Class 1A1
3.81%		06/19/31	⁸		10,494		10,496
Countrywide Home Loan Mortgage Pass-Through Trust, Series 2003-J8, Class 1A4
5.25%		09/25/23			75,041		75,096
Countrywide Home Loan Mortgage Pass-Through Trust, Series 2004-14, Class 4A1
3.89%		08/25/34	⁸		997,473		969,320
Countrywide Home Loan Mortgage Pass-Through Trust, Series 2004-25, Class 1A1
(LIBOR USD 1-Month plus 0.66%)
3.17%		02/25/35	²		127,516		123,326


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Countrywide Home Loan Mortgage Pass-Through Trust, Series 2004-HYB3, Class 1A
4.13%		06/20/34	⁸	$	28,466	$	28,845
Countrywide Home Loan Mortgage Pass-Through Trust, Series 2004-HYB4, Class 2A1
4.17%		09/20/34	⁸		1,154,813		1,122,252
Countrywide Home Loan Mortgage Pass-Through Trust, Series 2004-HYB7, Class 3A
4.52%		11/20/34	⁸		311,514		315,899
Countrywide Home Loan Mortgage Pass-Through Trust, Series 2005-11, Class 1A2
4.06%		04/25/35	⁸		979,295		915,495
Countrywide Home Loan Mortgage Pass-Through Trust, Series 2005-31, Class 2A3
3.54%		01/25/36	⁸		231,068		218,398
Countrywide Home Loan Mortgage Pass-Through Trust, Series 2005-9, Class 1A1
(LIBOR USD 1-Month plus 0.60%)
3.11%		05/25/35	²		4,421,709		4,071,335
Countrywide Home Loan Mortgage Pass-Through Trust, Series 2007-HY5, Class 1A1
4.52%		09/25/47	⁸		1,088,460		1,057,133
Countrywide Home Loan Mortgage Pass-Through Trust, Series 2007-HYB1, Class 1A1
3.29%		03/25/37	⁸		1,426,330		1,191,981
Credit Suisse First Boston Mortgage Securities Corp., Series 2003-AR20, Class 2A4
4.24%		08/25/33	⁸		18,329		18,508
Credit Suisse First Boston Mortgage Securities Corp., Series 2005-6, Class 8A1
4.50%		07/25/20			5,843		5,724
Credit Suisse First Boston Mortgage-Backed Pass-Through Certificates, Series 2004-1, Class 2A1
6.50%		02/25/34			33,366		34,621
Credit Suisse First Boston Mortgage-Backed Pass-Through Certificates, Series 2004-AR5, Class 6A1
4.24%		06/25/34	⁸		172,873		175,989
Credit Suisse Mortgage Capital, Mortgage-Backed Trust, Series 2006-2, Class 5A1
(LIBOR USD 1-Month plus 0.70%)
3.21%		03/25/36	²		4,055,059		2,225,600


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Credit Suisse Mortgage Capital, Mortgage-Backed Trust, Series 2007-2, Class 3A4
5.50%		03/25/37		$	2,123,413	$	1,771,076
Credit Suisse Mortgage Capital, Series 2009-14R, Class 2A1
5.00%		06/26/37	³		265,125		265,869
Credit Suisse Mortgage Capital, Series 2010-17R, Class 1A1
4.28%		06/26/36	^3,8		244,319		245,509
Credit Suisse Mortgage Capital, Series 2014-10R, Class 3A1
(LIBOR USD 1-Month plus 2.75%)
5.26%		04/27/36	^2,3		2,073,505		2,105,559
Credit Suisse Mortgage Capital, Series 2014-11R, Class 10A1
(LIBOR USD 1-Month plus 0.22%)
2.54%		05/27/37	^2,3		2,822,754		2,820,624
Credit Suisse Mortgage Capital, Series 2014-12R, Class 1A1
(LIBOR USD 1-Month plus 1.75%)
4.10%		08/27/36	^2,3		10,821,526		10,911,940
Credit Suisse Mortgage Capital, Series 2014-7R, Class 7A1
2.46%		08/27/36	^3,8		262,865		264,030
Credit Suisse Mortgage Capital, Series 2015-1R, Class 5A1
4.28%		09/27/35	^3,8		5,507,941		5,528,325
Credit Suisse Mortgage Capital, Series 2015-2R, Class 4A1
2.52%		06/27/47	^3,8		19,576,232		19,392,742
Credit Suisse Mortgage Capital, Series 2015-6R, Class 2A1
(LIBOR USD 1-Month plus 0.20%)
2.52%		11/27/46	^2,3		10,559,889		10,221,542
Credit-Based Asset Servicing and Securitization LLC, Mortgage Loan Trust, Series 2007-CB2, Class A2C (STEP-reset date 02/25/19)
4.10%		02/25/37			37,473,476		28,953,873
Credit-Based Asset Servicing and Securitization LLC, Mortgage Loan Trust, Series 2007-CB2, Class A2D (STEP-reset date 02/25/19)
4.10%		02/25/37			27,436,163		21,192,625
Credit-Based Asset Servicing and Securitization LLC, Mortgage Loan Trust, Series 2007-CB2, Class A2E (STEP-reset date 02/25/19)
4.10%		02/25/37			4,989,224		3,854,673
Credit-Based Asset Servicing and Securitization LLC, Series 2003-CB1, Class AF (STEP-reset date 02/25/19)


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
3.95%		01/25/33		$	14,851	$	14,962
Credit-Based Asset Servicing and Securitization LLC, Series 2003-CB4, Class M1
(LIBOR USD 1-Month plus 1.04%)
3.54%		03/25/33	²		3,455,052		3,437,486
Credit-Based Asset Servicing and Securitization LLC, Series 2003-CB5, Class M1
(LIBOR USD 1-Month plus 1.02%)
3.34%		11/25/33	²		85,637		83,808
Credit-Based Asset Servicing and Securitization LLC, Series 2006-CB8, Class A1
(LIBOR USD 1-Month plus 0.14%)
2.65%		10/25/36	²		17,899,856		15,571,541
Credit-Based Asset Servicing and Securitization LLC, Series 2006-CB9, Class A3
(LIBOR USD 1-Month plus 0.15%)
2.66%		11/25/36	²		31,881,963		20,229,287
Credit-Based Asset Servicing and Securitization LLC, Series 2007-CB1, Class AF4 (STEP-reset date 02/25/19)
3.58%		01/25/37			7,619,255		3,523,071
Credit-Based Asset Servicing and Securitization LLC, Series 2007-CB1, Class AF5 (STEP-reset date 02/25/19)
3.58%		01/25/37			14,318,394		6,619,392
Credit-Based Asset Servicing and Securitization LLC, Series 2007-CB5, Class A2
(LIBOR USD 1-Month plus 0.17%)
2.49%		04/25/37	²		30,814,369		23,025,242
Credit-Based Asset Servicing and Securitization LLC, Series 2006-CB7, Class A1
(LIBOR USD 1-Month plus 0.14%)
2.65%		10/25/36	²		60,457,355		46,443,516
CSAB Mortgage-Backed Trust, Series 2006-4, Class A6B (STEP-reset date 02/25/19)
5.78%		12/25/36			5,268,016		692,708
Deutsche ALT-A Securities Mortgage Loan Trust, Series 2006-AR3, Class A1
(LIBOR USD 1-Month plus 0.19%)
2.70%		08/25/36	²		4,329,432		4,040,210
Deutsche ALT-A Securities Mortgage Loan Trust, Series 2006-AR4, Class A1
(LIBOR USD 1-Month plus 0.13%)
2.64%		12/25/36	²		2,187,631		1,227,698
Deutsche ALT-A Securities Mortgage Loan Trust, Series 2006-AR6, Class AR6


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
(LIBOR USD 1-Month plus 0.19%)
2.70%		02/25/37	²	$	851,412	$	765,381
Deutsche ALT-A Securities, Inc. Mortgage Loan Trust, Series 2005-6, Class 1A7
5.50%		12/25/35			492,823		405,001
Deutsche ALT-A Securities, Inc. Mortgage Loan Trust, Series 2006-AR1, Class 2A1
4.16%		02/25/36	⁸		1,187,261		1,018,108
DSLA Mortgage Loan Trust, Series 2004-AR4, Class 2A1A
(LIBOR USD 1-Month plus 0.36%)
2.83%		01/19/45	²		2,706,393		2,459,814
DSLA Mortgage Loan Trust, Series 2005-AR1, Class 2A1A
(LIBOR USD 1-Month plus 0.25%)
2.72%		02/19/45	²		442,574		433,025
DSLA Mortgage Loan Trust, Series 2005-AR3, Class 2A1A
(LIBOR USD 1-Month plus 0.24%)
2.71%		07/19/45	²		207,695		201,279
DSLA Mortgage Loan Trust, Series 2006-AR2, Class 2A1A
(LIBOR USD 1-Month plus 0.20%)
2.67%		10/19/36	²		20,206,436		17,638,815
DSLA Mortgage Loan Trust, Series 2007-AR1, Class 2A1A
(LIBOR USD 1-Month plus 0.14%)
2.61%		04/19/47	²		11,122,989		10,864,693
Equity One Mortgage Pass-Through Trust, Series 2002-4, Class M1
5.22%		02/25/33	⁸		11,144		11,143
Equity One Mortgage Pass-Through Trust, Series 2002-5, Class M1 (STEP-reset date 02/25/19)
5.80%		11/25/32			36,213		37,811
First Franklin Mortgage Loan Trust, Series 2006-FF13, Class A2C
(LIBOR USD 1-Month plus 0.16%)
2.67%		10/25/36	²		16,039,176		12,227,844
First Franklin Mortgage Loan Trust, Series 2006-FF13, Class A2D
(LIBOR USD 1-Month plus 0.24%)
2.75%		10/25/36	²		1,011,392		780,316
First Franklin Mortgage Loan Trust, Series 2006-FF18, Class A2B
(LIBOR USD 1-Month plus 0.11%)
2.62%		12/25/37	²		11,809,171		10,182,232
First Franklin Mortgage Loan Trust, Series 2006-FF18, Class A2C
(LIBOR USD 1-Month plus 0.16%)
2.67%		12/25/37	²		32,476,281		28,150,541


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
First Franklin Mortgage Loan Trust, Series 2006-FF18, Class A2D
(LIBOR USD 1-Month plus 0.21%)
2.72%		12/25/37	²	$	23,537,751	$	20,510,215
First Franklin Mortgage Loan Trust, Series 2006-FF5, Class 1A
(LIBOR USD 1-Month plus 0.15%)
2.66%		04/25/36	²		28,993,225		28,354,003
First Franklin Mortgage Loan Trust, Series 2006-FF8, Class IIA4
(LIBOR USD 1-Month plus 0.23%)
2.74%		07/25/36	²		31,440,000		29,459,632
First Franklin Mortgage Loan Trust, Series 2007-FF1, Class A2C
(LIBOR USD 1-Month plus 0.14%)
2.65%		01/25/38	²		77,528,312		56,631,315
First Franklin Mortgage Loan Trust, Series 2007-FF2, Class A2B
(LIBOR USD 1-Month plus 0.10%)
2.61%		03/25/37	²		29,041,032		19,702,386
First Franklin Mortgage Loan Trust, Series 2007-FF2, Class A2C
(LIBOR USD 1-Month plus 0.15%)
2.66%		03/25/37	²		16,648,759		11,387,953
First Franklin Mortgage Loan Trust, Series 2007-FF2, Class A2D
(LIBOR USD 1-Month plus 0.22%)
2.73%		03/25/37	²		30,999,548		21,446,210
First Horizon Alternative Mortgage Securities Trust, Series 2004-AA2, Class 1A1
4.07%		08/25/34	⁸		9,535,866		9,548,011
First Horizon Alternative Mortgage Securities Trust, Series 2004-AA3, Class A1
4.22%		09/25/34	⁸		45,213		44,693
First Horizon Alternative Mortgage Securities Trust, Series 2004-AA4, Class A1
4.21%		10/25/34	⁸		1,649,542		1,633,055
First Horizon Alternative Mortgage Securities Trust, Series 2005-AA10, Class 1A1
4.08%		12/25/35	⁸		18,029,850		16,466,022
First Horizon Alternative Mortgage Securities Trust, Series 2005-AA12, Class 2A1
4.08%		02/25/36	⁸		20,333,750		17,927,489
First Horizon Alternative Mortgage Securities Trust, Series 2005-AA4, Class 2A1
3.89%		06/25/35	⁸		19,144,687		17,882,690
First Horizon Alternative Mortgage Securities Trust, Series 2005-AA7, Class 2A1
4.09%		09/25/35	⁸		18,156,790		16,535,773
First Horizon Alternative Mortgage Securities Trust, Series 2005-AA8, Class 2A1
4.14%		10/25/35	⁸		22,565,170		18,739,985


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
First Horizon Alternative Mortgage Securities Trust, Series 2005-AA9, Class 2A1
4.10%		11/25/35	⁸	$	20,833,357	$	19,887,765
First Horizon Alternative Mortgage Securities Trust, Series 2006-AA1, Class 1A1
4.12%		03/25/36	⁸		23,929,183		20,408,362
First Horizon Alternative Mortgage Securities Trust, Series 2006-FA8, Class 1A7
6.00%		02/25/37			12,974		9,920
First Horizon Mortgage Pass-Through Trust, Series 2004-AR6, Class 2A1
4.67%		12/25/34	⁸		315,427		324,557
First Horizon Mortgage Pass-Through Trust, Series 2006-AR4, Class 1A2
4.30%		01/25/37	⁸		133,053		119,709
First Horizon Mortgage Pass-Through Trust, Series 2007-AR3, Class 1A1
4.35%		11/25/37	⁸		294,962		266,802
FNBA Mortgage Loan Trust, Series 2004-AR1, Class A2
(LIBOR USD 1-Month plus 0.40%)
2.87%		08/19/34	²		6,814		6,757
Fremont Home Loan Trust, Series 2005-C, Class M1
(LIBOR USD 1-Month plus 0.72%)
3.23%		07/25/35	²		597,005		598,804
GMACM Home Equity Loan Trust, Series 2000-HE2, Class A1
(LIBOR USD 1-Month plus 0.44%)
2.95%		06/25/30	²		27,504		22,933
GMACM Mortgage Corp. Loan Trust, Series 2003-AR2, Class 3A5
4.85%		12/19/33	⁸		2,187,875		2,203,859
GMACM Mortgage Corp. Loan Trust, Series 2004-AR1, Class 22A
4.19%		06/25/34	⁸		5,068		4,988
GMACM Mortgage Corp. Loan Trust, Series 2005-AR6, Class 3A1
4.28%		11/19/35	⁸		809,463		770,323
GMACM Mortgage Corp. Loan Trust, Series 2006-AR2, Class 1A1
3.95%		05/19/36	⁸		1,570,322		985,435
GreenPoint Mortgage Funding Trust, Series 2005-AR3, Class 1A1
(LIBOR USD 1-Month plus 0.24%)
2.75%		08/25/45	²		1,870,875		1,675,697
GreenPoint Mortgage Funding Trust, Series 2005-AR4, Class G41B
(LIBOR USD 1-Month plus 0.20%)
2.71%		10/25/45	²		17,524,815		15,555,427
GreenPoint Mortgage Funding Trust, Series 2005-HY1, Class 1A1A


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
(LIBOR USD 1-Month plus 0.27%)
2.78%		07/25/35	²	$	3,161,679	$	3,146,524
GreenPoint Mortgage Funding Trust, Series 2006-AR8, Class 1A2A⁶
0.00%		^4,7,†			37,800,000		—
GreenPoint Mortgage Funding Trust, Series 2007-AR1, Class 3A2
(LIBOR USD 1-Month plus 0.16%)
2.67%		02/25/37	²		2,337,817		2,313,270
GS Mortgage Securities Resecuritization Trust, Series 2014-3R, Class 2A
(LIBOR USD 1-Month plus 0.18%)
2.50%		09/26/36	^2,3		7,587,978		7,546,089
GS Mortgage Securities Resecuritization Trust, Series 2015-1R, Class 2A
4.30%		01/26/36	^3,8		2,411,332		2,412,274
GS Mortgage-Backed Securities Trust, Series 2018-RPL1, Class A1A
3.75%		10/25/57	³		53,906,071		53,035,273
GSAA Home Equity Trust, Series 2005-11, Class 1A1
(LIBOR USD 1-Month plus 0.28%)
2.79%		10/25/35	²		5,961,328		5,924,250
GSAA Home Equity Trust, Series 2005-9, Class 2A3
(LIBOR USD 1-Month plus 0.37%)
2.88%		08/25/35	²		1,047,219		1,042,439
GSAMP Trust, Series 2005-AHL2, Class A2D
(LIBOR USD 1-Month plus 0.35%)
2.86%		12/25/35	²		25,693,000		24,679,288
GSR Mortgage Loan Trust, Series 2004-9, Class 3A1
4.31%		08/25/34	⁸		4,628		4,635
GSR Mortgage Loan Trust, Series 2004-9, Class 5A7
4.05%		08/25/34	⁸		383,996		383,397
GSR Mortgage Loan Trust, Series 2005-AR5, Class 2A3
4.20%		10/25/35	⁸		3,590,180		2,962,798
GSR Mortgage Loan Trust, Series 2005-AR6, Class 4A5
4.43%		09/25/35	⁸		172,244		169,442
GSR Mortgage Loan Trust, Series 2007-AR2, Class 2A1
4.28%		05/25/37	⁸		2,718,300		2,414,001
HarborView Mortgage Loan Trust, Series 2004-1, Class 2A
4.26%		04/19/34	⁸		7,247		7,307
HarborView Mortgage Loan Trust, Series 2004-11, Class 3A2A


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
(LIBOR USD 1-Month plus 0.68%)
3.15%		01/19/35	²	$	435,167	$	391,140
HarborView Mortgage Loan Trust,Series 2004-5, Class 2A6
3.86%		06/19/34	⁸		4,082		4,089
HarborView Mortgage Loan Trust,Series 2005-3, Class 2A1A
(LIBOR USD 1-Month plus 0.48%)
2.95%		06/19/35	²		495,232		490,286
HarborView Mortgage Loan Trust,Series 2005-4, Class 2A
4.88%		07/19/35	⁸		46,438		40,784
HarborView Mortgage Loan Trust,Series 2006-10, Class 1A1A
(LIBOR USD 1-Month plus 0.20%)
2.67%		11/19/36	²		84,497,903		72,757,629
HarborView Mortgage Loan Trust, Series 2006-7, Class 1A
(LIBOR USD 1-Month plus 0.21%)
2.51%		09/19/46	²		101,215,063		94,293,451
HarborView Mortgage Loan Trust, Series 2007-7, Class 1A1
(LIBOR USD 1-Month plus 1.00%)
3.51%		10/25/37	²		33,260,422		30,934,966
HarborView Mortgage Loan Trust, Series 2007-7, Class 2A1A
(LIBOR USD 1-Month plus 1.00%)
3.51%		10/25/37	²		10,288,978		10,251,214
Impac CMB Trust, Series 2005-1, Class 1A1
(LIBOR USD 1-Month plus 0.52%)
3.03%		04/25/35	²		5,180,966		4,917,101
Impac CMB Trust, Series 2005-4, Class 1A1B
(LIBOR USD 1-Month plus 0.25%)
2.76%		05/25/35	²		6,721,023		6,545,577
Impac Secured Assets Corp., Series 2004-3, Class M1
(LIBOR USD 1-Monthplus 0.90%)
3.41%		11/25/34	²		798,948		800,606
Impac Secured Assets Corp., Series 2004-4, Class M3
(LIBOR USD 1-Month plus 0.90%)
3.41%		02/25/35	²		670,000		667,486
Impac Secured Assets Trust, Series 2006-3, Class A1
(LIBOR USD 1-Month plus 0.17%)
2.68%		11/25/36	²		10,544,547		9,865,865
Impac Secured Assets Trust, Series 2007-2, Class 1A1A


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
(LIBOR USD 1-Month plus 0.11%)
2.62%		05/25/37	²	$	9,885,462	$	8,103,167
Impac Secured Assets Trust, Series 2007-2, Class 1A1B
(LIBOR USD 1-Month plus 0.25%)
2.76%		05/25/37	²		72,706,357		61,812,633
IndyMac Index Mortgage Loan Trust,Series 2004-AR4, Class 1A
3.94%		08/25/34	⁸		1,293,402		1,278,182
IndyMac Index Mortgage Loan Trust, Series 2004-AR5, Class 2A1B
(LIBOR USD 1-Month plus 0.80%)
3.31%		08/25/34	²		18,606		16,968
IndyMac Index Mortgage Loan Trust, Series 2004-AR7, Class A2
(LIBOR USD 1-Month plus 0.86%)
3.37%		09/25/34	²		70,695		66,976
IndyMac Index Mortgage Loan Trust,Series 2005-AR1, Class 4A1
3.95%		03/25/35	⁸		801,668		787,395
IndyMac Index Mortgage Loan Trust,Series 2005-AR17, Class 3A1
3.93%		09/25/35	⁸		4,984,433		4,540,810
IndyMac Index Mortgage Loan Trust,Series 2005-AR19, Class A1
3.75%		10/25/35	⁸		29,942,164		24,894,544
IndyMac Index Mortgage Loan Trust,Series 2005-AR31, Class 3A1
3.91%		01/25/36	⁸		1,431,597		1,347,795
IndyMac Index Mortgage Loan Trust, Series 2005-AR6, Class 2A1
(LIBOR USD 1-Month plus 0.48%)
2.99%		04/25/35	²		678,391		651,397
IndyMac Index Mortgage Loan Trust,Series 2006-AR19, Class 1A2
3.94%		08/25/36	⁸		17,171,227		13,790,973
IndyMac Index Mortgage Loan Trust, Series 2006-AR21, Class A1
(LIBOR USD 1-Month plus 0.12%)
2.63%		08/25/36	²		193,784		180,372
IndyMac Index Mortgage Loan Trust, Series 2006-AR27, Class 2A2
(LIBOR USD 1-Month plus 0.20%)
2.71%		10/25/36	²		27,492,976		25,440,938
IndyMac Index Mortgage Loan Trust,Series 2006-AR7, Class 1A1
3.55%		05/25/36	⁸		4,445,984		4,142,525
IndyMac Index Mortgage Loan Trust,Series 2006-AR7, Class 2A1
3.83%		05/25/36	⁸		31,733,072		27,621,786
IndyMac Index Mortgage Loan Trust, Series 2007-AR1, Class 1A2


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
3.78%		03/25/37	⁸	$	767,093	$	742,457
IndyMac Index Mortgage Loan Trust, Series 2007-AR11, Class 1A1
3.35%		06/25/37	⁸		4,588,123		3,773,821
IndyMac Index Mortgage Loan Trust,Series 2007-AR7, Class 1A1
4.04%		11/25/37	⁸		3,428,882		3,352,801
IndyMac Manufactured Housing Contract Pass-Through Certificates, Series 1997-1,Class A3
6.61%		02/25/28			113,557		114,549
JPMorgan Alternative Loan Trust,Series 2006-A2, Class 2A1
4.13%		05/25/36	⁸		870,450		731,241
JPMorgan Alternative Loan Trust,Series 2006-A2, Class 5A1
3.85%		05/25/36	⁸		8,474,692		7,190,580
JPMorgan Mortgage Acquisition Trust, Series 2005-WMC1, Class M2
(LIBOR USD 1-Month plus 0.66%)
3.17%		09/25/35	²		10,036,967		10,015,573
JPMorgan Mortgage Acquisition Trust, Series 2006-NC2, Class A4
(LIBOR USD 1-Month plus 0.15%)
2.66%		07/25/36	²		3,536,134		3,561,292
JPMorgan Mortgage Acquisition Trust, Series 2006-WF1, Class A3A (STEP-reset date 02/25/19)
5.83%		07/25/36			37,990,533		19,676,296
JPMorgan Mortgage Acquisition Trust, Series 2006-WF1, Class A6 (STEP-reset date 02/25/19)
6.00%		07/25/36			5,297,688		2,637,385
JPMorgan Mortgage Acquisition Trust,Series 2007-CH1, Class MV1
(LIBOR USD 1-Month plus 0.23%)
2.74%		11/25/36	²		732,748		733,112
JPMorgan Mortgage Acquisition Trust,Series 2007-CH3, Class A4
(LIBOR USD 1-Month plus 0.21%)
2.72%		03/25/37	²		1,416,424		1,413,459
JPMorgan Mortgage Acquisition Trust,Series 2007-CH4, Class A1
(LIBOR USD 1-Month plus 0.15%)
2.66%		05/25/37	²		64,115,650		61,443,297
JPMorgan Mortgage Acquisition Trust,Series 2007-HE1, Class AF1
(LIBOR USD 1-Month plus 0.10%)
2.61%		03/25/47	²		146,869		101,965
JPMorgan Mortgage Acquisition Trust, Series 2007-HE1, Class AF2 (STEP-reset date 02/25/19)


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
4.26%		03/25/47		$	9,607,894	$	7,234,861
JPMorgan Mortgage Acquisition Trust, Series 2007-HE1, Class AF3 (STEP-reset date 02/25/19)
4.26%		05/25/35			8,086,216		6,088,956
JPMorgan Mortgage Acquisition Trust, Series 2007-HE1, Class AF4 (STEP-reset date 02/25/19)
4.26%		03/25/47			3,675,553		2,767,646
JPMorgan Mortgage Acquisition Trust, Series 2007-HE1, Class AV4
(LIBOR USD 1-Month plus 0.28%)
2.79%		03/25/47	²		240,000		211,723
JPMorgan Mortgage Trust, Series 2003-A2, Class 2A3
3.86%		11/25/33	⁸		168,028		165,346
JPMorgan Mortgage Trust, Series 2004-A4, Class 1A3
4.64%		09/25/34	⁸		668,487		686,236
JPMorgan Mortgage Trust, Series 2005-A5, Class TA1
4.43%		08/25/35	⁸		147,715		148,733
JPMorgan Mortgage Trust, Series 2005-S2, Class 4A3
5.50%		09/25/20			2,672,210		2,463,798
JPMorgan Mortgage Trust, Series 2006-A2, Class 5A3
4.61%		11/25/33	⁸		6,930		6,992
JPMorgan Mortgage Trust, Series 2006-A3, Class 2A1
3.81%		05/25/36	⁸		1,392,491		1,334,180
JPMorgan Mortgage Trust, Series 2006-A3, Class 3A3
3.79%		05/25/36	⁸		920,575		892,919
JPMorgan Mortgage Trust, Series 2006-A4, Class 1A1
4.19%		06/25/36	⁸		720,275		689,755
JPMorgan Mortgage Trust, Series 2006-A4, Class 1A4
4.19%		06/25/36	⁸		2,321,936		2,175,989
JPMorgan Mortgage Trust, Series 2006-A5, Class 2A4
4.28%		08/25/36	⁸		677,345		623,649
JPMorgan Mortgage Trust, Series 2007-A1, Class 5A2
4.33%		07/25/35	⁸		2,321,354		2,395,412
JPMorgan Mortgage Trust, Series 2007-A3, Class 2A3
3.88%		05/25/37	⁸		3,222,165		2,891,481
JPMorgan Mortgage Trust, Series 2007-A3, Class 3A2
3.78%		05/25/37	⁸		515,326		489,876


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
JPMorgan Mortgage Trust, Series 2007-A4, Class 1A1
3.89%		06/25/37	⁸	$	4,844,933	$	4,761,272
JPMorgan Mortgage Trust, Series 2007-A4, Class 2A3
4.05%		06/25/37	⁸		752,769		708,012
JPMorgan Resecuritization Trust, Series 2015-1, Class 3A1
(LIBOR USD 1-Month plus 0.19%)
2.51%		12/27/46	^2,3		13,248,582		12,959,004
Lehman ABS Manufactured Housing Contract Trust, Series 2001-B, Class A4
5.27%		04/15/40			1,345		1,353
Lehman ABS Manufactured Housing Contract Trust, Series 2001-B, Class A6
6.47%		04/15/40	⁸		389,721		392,520
Lehman XS Trust, Series 2005-5N, Class 3A1A
(LIBOR USD 1-Month plus 0.30%)
2.81%		11/25/35	²		12,407,215		12,328,378
Lehman XS Trust, Series 2005-7N, Class 1A1A
(LIBOR USD 1-Month plus 0.54%)
3.05%		12/25/35	²		526,847		497,209
Lehman XS Trust, Series 2006-12N, Class A31A
(LIBOR USD 1-Month plus 0.20%)
2.71%		08/25/46	²		20,245,556		18,650,403
Lehman XS Trust, Series 2006-13, Class 1A2
(LIBOR USD 1-Month plus 0.17%)
2.68%		09/25/36	²		6,377,130		6,223,246
Lehman XS Trust, Series 2006-14N, Class 3A2
(LIBOR USD 1-Month plus 0.24%)
2.75%		08/25/36	²		77,629		74,077
Lehman XS Trust, Series 2006-8, Class 1A1A
(LIBOR USD 1-Month plus 0.16%)
2.67%		06/25/36	²		43,184,913		38,423,958
Lehman XS Trust, Series 2006-9, Class A1B
(LIBOR USD 1-Month plus 0.16%)
2.67%		05/25/46	²		5,880,286		8,786,693
Lehman XS Trust, Series 2007-4N, Class 1A3
(LIBOR USD 1-Month plus 0.24%)
2.75%		03/25/47	²		27,032,214		23,245,401
Long Beach Mortgage Loan Trust, Series 2004-4, Class M1


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
(LIBOR USD 1-Month plus 0.90%)
3.41%		10/25/34	²	$	49,441	$	49,333
MASTR Adjustable Rate Mortgages Trust, Series 2003-6, Class 4A2
4.27%		01/25/34	⁸		50,909		50,246
MASTR Adjustable Rate Mortgages Trust, Series 2003-7, Class 3A1
4.24%		11/25/33	⁸		1,228,220		1,243,984
MASTR Adjustable Rate Mortgages Trust, Series 2004-13, Class 3A1
4.44%		11/21/34	⁸		5,252,913		5,399,022
MASTR Adjustable Rate Mortgages Trust, Series 2004-15, Class 9A1
4.45%		10/25/34	⁸		666,170		659,963
MASTR Adjustable Rate Mortgages Trust, Series 2004-5, Class 3A1
3.62%		06/25/34	⁸		253		233
MASTR Adjustable Rate Mortgages Trust, Series 2004-8, Class 2A1
4.37%		09/25/34	⁸		3,566,547		3,469,793
MASTR Adjustable Rate Mortgages Trust, Series 2006-2, Class 5A1
3.98%		05/25/36	⁸		8,005,290		6,249,105
MASTR Alternative Loan Trust, Series 2004-6, Class 3A1
4.75%		07/25/19			69,066		68,997
MASTR Asset Securitization Trust, Series 2004-3, Class 3A2
4.50%		03/25/19			2,529		2,531
MASTR Asset-Backed Securities Trust, Series 2006-HE4, Class A3
(LIBOR USD 1-Month plus 0.15%)
2.66%		11/25/36	²		15,857,477		7,543,477
MASTR Asset-Backed Securities Trust, Series 2006-HE4, Class A4
(LIBOR USD 1-Month plus 0.21%)
2.72%		11/25/36	²		4,404,855		2,116,980
MASTR Asset-Backed Securities Trust, Series 2007-HE1, Class A3
(LIBOR USD 1-Month plus 0.21%)
2.72%		05/25/37	²		39,138,107		37,181,284
MASTR Seasoned Securitization Trust, Series 2004-1, Class 4A1
4.62%		10/25/32	⁸		18,986		19,264
Mellon Residential Funding Corp. Mortgage Pass-Through Certificates, Series 2001-TBC1, Class A1
(LIBOR USD 1-Month plus 0.70%)
3.16%		11/15/31	²		1,581,632		1,578,845
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-1, Class A2B


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
(LIBOR USD 1-Month plus 0.17%)
2.68%		04/25/37	²	$	36,893,012	$	21,590,529
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-1, Class A2C
(LIBOR USD 1-Month plus 0.25%)
2.76%		04/25/37	²		80,065,308		47,376,757
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-2, Class A2C
(LIBOR USD 1-Month plus 0.24%)
2.75%		05/25/37	²		38,179,052		25,817,538
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-2, Class A2D
(LIBOR USD 1-Month plus 0.32%)
2.83%		05/25/37	²		18,854,474		12,903,302
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-3, Class A2C
(LIBOR USD 1-Month plus 0.18%)
2.69%		06/25/37	²		15,787,732		11,615,936
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-3, Class A2D
(LIBOR USD 1-Month plus 0.25%)
2.76%		06/25/37	²		21,086,169		16,156,505
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-4, Class 2A2
(LIBOR USD 1-Month plus 0.12%)
2.63%		07/25/37	²		34,066,045		23,614,228
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-4, Class 2A3
(LIBOR USD 1-Month plus 0.16%)
2.67%		07/25/37	²		24,971,257		16,531,385
Merrill Lynch Mortgage Investors Trust, Series 2003-A6, Class 2A
4.59%		10/25/33	⁸		457,807		462,491
Merrill Lynch Mortgage Investors Trust, Series 2004-A4, Class A1
4.09%		08/25/34	⁸		2,143,218		2,141,022
Merrill Lynch Mortgage Investors Trust, Series 2005-A10, Class A
(LIBOR USD 1-Month plus 0.21%)
2.72%		02/25/36	²		12,891		12,269
Merrill Lynch Mortgage Investors Trust, Series 2005-A6, Class 2A4
(LIBOR USD 1-Month plus 0.34%)
2.85%		08/25/35	²		549,147		545,330
Merrill Lynch Mortgage Investors Trust, Series 2006-WMC2, Class A2B (STEP-reset date 02/25/19)
5.61%		03/25/37			32,482,042		11,233,162
Merrill Lynch Mortgage Investors Trust, Series 2006-WMC2, Class A2D (STEP-reset date 02/25/19)
5.90%		03/25/37			25,422,576		8,791,404


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Merrill Lynch Mortgage-Backed Securities Trust, Series 2007-2, Class 1A1
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 2.40%)
5.09%		08/25/36	²	$	5,554,950	$	5,416,660
Mid-State Capital Corp., Series 2004-1, Class A
6.01%		08/15/37			335,816		362,114
Mid-State Capital Corp., Series 2005-1, Class A
5.75%		01/15/40			16,238,037		17,488,846
Mid-State Capital Corp., Series 2006-1, Class A
5.79%		10/15/40	³		11,864,284		12,800,499
Mid-State Trust XI, Series 2011, Class A1
4.86%		07/15/38			263,009		277,598
Morgan Stanley ABS Capital I Trust, Series 2006-NC1, Class A4
(LIBOR USD 1-Month plus 0.30%)
2.81%		12/25/35	²		4,211,411		4,199,606
Morgan Stanley Mortgage Loan Trust, Series 2004-11AR, Class 1A1
(LIBOR USD 1-Month plus 0.32%)
2.83%		01/25/35	²		168,216		162,828
Morgan Stanley Mortgage Loan Trust, Series 2004-7AR, Class 2A4
3.95%		09/25/34	⁸		998,449		980,516
Morgan Stanley Mortgage Loan Trust, Series 2005-2AR, Class A
(LIBOR USD 1-Month plus 0.26%)
2.77%		04/25/35	²		3,945,414		3,859,085
Morgan Stanley Mortgage Loan Trust, Series 2006-7, Class 5A2
5.96%		06/25/36	⁸		830,145		352,282
Morgan Stanley Mortgage Loan Trust, Series 2007-6XS, Class 1A2S (STEP-reset date 02/25/19)
5.50%		02/25/47			212,031		209,321
Morgan Stanley Mortgage Loan Trust, Series 2007-7AX, Class 2A1
(LIBOR USD 1-Month plus 0.12%)
2.63%		04/25/37	²		5,751,366		2,701,105
Morgan Stanley Resecuritization Trust, Series 2013-R9, Class 3A
3.60%		06/26/46	^3,8		2,623,730		2,618,409
Morgan Stanley Resecuritization Trust, Series 2014-R2, Class 1A (Federal Reserve US 12-Month Cumulative Average plus 0.82%)
2.87%		12/26/46	^2,3		13,324,952		13,184,238
Morgan Stanley Resecuritization Trust, Series 2014-R3, Class 4A


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
(Federal Reserve US 12-Month Cumulative Average plus 0.98%)
3.03%		07/26/46	^2,3	$	5,334,262	$	5,316,161
Morgan Stanley Resecuritization Trust, Series 2014-R4, Class 2A
4.18%		08/26/34	^3,8		2,352,791		2,372,554
Morgan Stanley Resecuritization Trust, Series 2014-R8, Class 3A

(Federal Reserve US 12-Month Cumulative Average plus 0.75%)
2.63%		06/26/47	^2,3		26,473,275		25,792,293
Morgan Stanley Resecuritization Trust, Series 2014-R8, Class 4A

(Federal Reserve US 12-Month Cumulative Average plus 0.96%)
3.01%		06/26/47	^2,3		9,845,861		9,768,984
Morgan Stanley Resecuritization Trust, Series 2015-R4, Class 2A
(LIBOR USD 1-Month plus 0.40%)
3.12%		08/26/47	^2,3		14,029,499		13,900,209
MortgageIT Trust, Series 2005-1, Class 1A1
(LIBOR USD 1-Month plus 0.64%)
3.15%		02/25/35	²		7,712,413		7,679,548
MortgageIT Trust, Series 2005-4, Class A1
(LIBOR USD 1-Month plus 0.28%)
2.79%		10/25/35	²		9,114,157		8,853,051
MortgageIT Trust, Series 2005-5, Class A1
(LIBOR USD 1-Month plus 0.26%)
2.77%		12/25/35	²		1,425,226		1,414,689
Nationstar Home Equity Loan Trust, Series 2006-B, Class AV4
(LIBOR USD 1-Month plus 0.28%)
2.79%		09/25/36	²		13,085,875		12,881,205
Nationstar Home Equity Loan Trust, Series 2007-C, Class 2AV4
(LIBOR USD 1-Month plus 0.25%)
2.76%		06/25/37	²		8,265,000		7,771,421
New Century Home Equity Loan Trust, Series 2003-6, Class M1
(LIBOR USD 1-Month plus 1.08%)
3.59%		01/25/34	²		151,462		150,797
New Century Home Equity Loan Trust, Series 2005-1, Class M1
(LIBOR USD 1-Month plus 0.68%)
3.18%		03/25/35	²		748,493		746,415
New Century Home Equity Loan Trust, Series 2005-B, Class A1
(LIBOR USD 1-Month plus 0.25%)
2.76%		10/25/35	²		5,301,745		5,297,648
New Century Home Equity Loan Trust, Series 2005-D, Class A1


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
(LIBOR USD 1-Month plus 0.22%)
2.73%		02/25/36	²	$	340,421	$	336,663
Nomura Home Equity Loan, Inc., Series 2006-HE2, Class A4
(LIBOR USD 1-Month plus 0.27%)
2.78%		03/25/36	²		24,732,000		24,469,467
Nomura Resecuritization Trust, Series 2011-4RA, Class 2A1
3.59%		06/26/37	^3,8		2,659,742		2,683,836
Nomura Resecuritization Trust, Series 2013-1R, Class 2A1
(LIBOR USD 1-Month plus 0.14%)
2.78%		11/26/36	^2,3		5,472,290		5,399,187
Nomura Resecuritization Trust, Series 2014-4R, Class 1A1
4.06%		01/26/36	^3,8		3,837,396		3,850,938
Nomura Resecuritization Trust, Series 2014-4R, Class 3A1
(LIBOR USD 1-Month plus 0.15%)
2.74%		09/26/36	^2,3		3,540,576		3,486,401
Nomura Resecuritization Trust, Series 2014-6R, Class 2A1
(LIBOR USD 1-Month plus 0.16%)
2.91%		03/26/37	^2,3		8,329,111		8,028,936
Nomura Resecuritization Trust, Series 2014-7R, Class 4A1
(LIBOR USD 1-Month plus 0.13%)
2.44%		01/26/37	^2,3		13,169,637		12,987,523
Nomura Resecuritization Trust,Series 2015-4R, Class 1A1
(LIBOR USD 1-Month plus 0.19%)
2.49%		03/26/47	^2,3		164,471		165,195
Oakwood Mortgage Investors, Inc., Series 2000-A, Class A5
8.16%		09/15/29	⁸		22,009,324		12,108,557
Option One Mortgage Loan Trust, Series 2006-1, Class 1A1
(LIBOR USD 1-Month plus 0.22%)
2.73%		01/25/36	²		22,061,989		21,838,752
Ownit Mortgage Loan Trust, Series 2006-4, Class A1
(LIBOR USD 1-Month plus 0.14%)
2.65%		05/25/37	²		25,801,130		24,725,183
Ownit Mortgage Loan Trust, Series 2006-4, Class A2D
(LIBOR USD 1-Month plus 0.24%)
2.75%		05/25/37	²		23,807,987		19,927,040
Popular ABS Mortgage Pass-Through Trust, Series 2005-6, Class A5 (STEP-reset date 02/25/19)
3.84%		01/25/36			22,910,000		20,156,782


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Popular ABS Mortgage Pass-Through Trust,Series 2006-D, Class A3 (LIBOR USD 1-Month plus 0.26%)
2.77%		11/25/36	²	$	80,728	$	79,470
Popular ABS Mortgage Pass-Through Trust, Series 2007-A, Class A3 (LIBOR USD 1-Month plus 0.31%)
2.82%		06/25/47	²		23,015,500		18,687,615
Popular ABS, Inc., Series 1998-1,Class A2 (STEP-reset date 02/25/19)
7.48%		11/25/29			73,604		71,781
Provident Funding Mortgage Loan Trust, Series 2003-1, Class A
4.34%		08/25/33	⁸		587,816		593,302
Residential Accredit Loans Trust, Series 2005-QA10, Class A31
4.75%		09/25/35	⁸		519,711		439,952
Residential Accredit Loans Trust, Series 2005-QA12, Class CB1
4.84%		12/25/35	⁸		4,817,921		3,218,299
Residential Accredit Loans Trust, Series 2005-QA4, Class A41
4.29%		04/25/35	⁸		1,680,740		1,580,498
Residential Accredit Loans Trust, Series 2005-QA7, Class A1
4.26%		07/25/35	⁸		4,274,824		3,522,480
Residential Accredit Loans Trust, Series 2005-QO5, Class A1 (Federal Reserve US 12-Month Cumulative Average plus 1.00%)
3.16%		01/25/46	²		6,946,793		6,406,025
Residential Accredit Loans Trust, Series 2006-QA1, Class A11
4.21%		01/25/36	⁸		162,078		140,550
Residential Accredit Loans Trust, Series 2006-QA1, Class A21
4.75%		01/25/36	⁸		17,507,135		15,123,283
Residential Accredit Loans Trust, Series 2006-QA7, Class 2A1 (LIBOR USD 1-Month plus 0.19%)
2.69%		08/25/36	²		30,578,915		27,880,744
Residential Accredit Loans Trust, Series 2006-QS10, Class AV (IO)
0.57%		08/25/36	^4,5,8		31,093,212		728,620
Residential Accredit Loans Trust, Series 2006-QS12, Class 2A9 (LIBOR USD 1-Month plus 0.38%)
2.89%		09/25/36	²		282,806		222,235
Residential Accredit Loans Trust, Series 2006-QS2, Class 1AV (IO)
0.47%		02/25/36	^4,5,8		101,318,027		1,624,635


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Residential Accredit Loans Trust, Series 2006-QS7, Class AV (IO)
0.71%		06/25/36	^4,5,8	$	53,737,757	$	1,380,069
Residential Accredit Loans Trust, Series 2006-QS8, Class AV (IO)
0.78%		08/25/36	^4,5,8		121,781,605		3,897,346
Residential Accredit Loans Trust, Series 2007-QS10, Class AV (IO)
0.41%		09/25/37	^4,5,8		87,218,899		1,520,217
Residential Accredit Loans Trust, Series 2007-QS4, Class 3AV (IO)
0.37%		03/25/37	^4,5,8		54,190,656		787,406
Residential Accredit Loans Trust, Series 2007-QS5, Class AV (IO)
0.26%		03/25/37	^4,5,8		64,282,472		588,030
Residential Accredit Loans Trust, Series 2007-QS6, Class AV (IO)
0.32%		04/25/37	^4,5,8		136,092,395		1,846,883
Residential Accredit Loans Trust, Series 2007-QS7, Class 2AV (IO)
0.38%		06/25/37	^4,5,8		42,900,015		620,956
Residential Accredit Loans Trust, Series 2007-QS8, Class AV (IO)
0.40%		06/25/37	^4,5,8		113,956,613		2,026,469
Residential Asset Mortgage Products Trust, Series 2004-SL3, Class A2
6.50%		12/25/31			6,027		5,933
Residential Asset Mortgage Products Trust, Series 2004-SL1, Class A8
6.50%		11/25/31			38,755		40,346
Residential Asset Mortgage Products Trust, Series 2004-SL3, Class A4
8.50%		12/25/31			32,838		22,741
Residential Asset Mortgage Products Trust, Series 2005-RS8, Class A3 (LIBOR USD 1-Month plus 0.37%)
2.88%		09/25/35	²		7,484,070		7,486,932
Residential Asset Mortgage Products Trust, Series 2005-RZ3, Class M3 (LIBOR USD 1-Month plus 0.55%)
3.06%		09/25/35	²		750,000		745,274
Residential Asset Securities Trust, Series 2006-KS3, Class M1 (LIBOR USD 1-Month plus 0.33%)
2.84%		04/25/36	²		815,000		787,836
Residential Asset Securitization Trust, Series 2004-IP2, Class 1A1
4.47%		12/25/34	⁸		262,486		256,904
Residential Asset Securitization Trust, Series 2004-IP2, Class 2A1
4.38%		12/25/34	⁸		23,973		23,973


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Residential Asset Securitization Trust, Series 2004-IP2, Class 3A1
4.53%		12/25/34	⁸	$	536,921	$	540,512
Residential Asset Securitization Trust, Series 2006-A7CB, Class 1A3
6.25%		07/25/36			2,645,155		2,620,002
Residential Funding Mortgage Securities Trust, Series 2005-SA5, Class 1A
4.14%		11/25/35	⁸		5,871,342		4,760,443
Residential Funding Mortgage Securities Trust, Series 2006-SA3, Class 3A1
4.93%		09/25/36	⁸		1,013,749		967,351
Residential Funding Mortgage Securities Trust, Series 2006-SA3, Class 4A1
5.45%		09/25/36	⁸		369,154		289,095
Residential Funding Mortgage Securities Trust, Series 2006-SA4, Class 2A1
5.31%		11/25/36	⁸		113,632		108,190
Residential Funding Mortgage Securities Trust, Series 2007-SA2, Class 2A2
4.41%		04/25/37	⁸		2,154,788		2,057,297
Saxon Asset Securities Trust, Series 2001-2, Class AF6 (STEP-reset date 02/25/19)
6.81%		08/25/31			6,632		6,632
Saxon Asset Securities Trust, Series 2007-1, Class A2C (LIBOR USD 1-Month plus 0.15%)
2.66%		01/25/47	²		7,177,640		7,034,975
Saxon Asset Securities Trust, Series 2007-3, Class 2A3 (LIBOR USD 1-Month plus 0.40%)
2.91%		09/25/47	²		32,174,000		27,933,953
Securitized Asset-Backed Receivables LLC Trust, Series 2006-CB1, Class AF2 (STEP-reset date 02/25/19)
3.37%		01/25/36			8,247,221		6,915,024
Securitized Asset-Backed Receivables LLC Trust, Series 2007-BR1, Class A2A (LIBOR USD 1-Month plus 0.11%)
2.62%		02/25/37	²		6,897,963		4,204,762
Securitized Asset-Backed Receivables LLC Trust, Series 2007-BR1, Class A2B (LIBOR USD 1-Month plus 0.27%)
2.78%		02/25/372			34,147,073		21,446,479
Securitized Asset-Backed Receivables LLC Trust, Series 2007-BR2, Class A2 (LIBOR USD 1-Month plus 0.23%)
2.74%		02/25/37	²		55,186,553		31,310,166
Securitized Asset-Backed Receivables LLC Trust, Series 2007-BR5, Class A2A (LIBOR USD 1-Month plus 0.13%)
2.64%		05/25/37	²		19,938,474		14,839,097


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Securitized Asset-Backed Receivables LLC Trust, Series 2007-BR5, Class A2C (LIBOR USD 1-Month plus 0.35%)
2.86%		05/25/37	²	$	15,037,424	$	11,427,083
Securitized Asset-Backed Receivables LLC Trust, Series 2007-NC1, Class A2B (LIBOR USD 1-Month plus 0.15%)
2.66%		12/25/36	²		36,701,481		21,295,113
Securitized Asset-Backed Receivables LLC Trust, Series 2007-NC2, Class A2B (LIBOR USD 1-Month plus 0.14%)
2.65%		01/25/37	²		20,036,346		14,672,774
Sequoia Mortgage Trust, Series 2003-2, Class A1 (LIBOR USD 1-Month plus 0.66%)
3.13%		06/20/33	²		949		927
Sequoia Mortgage Trust, Series 2003-8, Class A1 (LIBOR USD 1-Month plus 0.64%)
3.11%		01/20/34	²		1,896		1,859
Sequoia Mortgage Trust, Series 2004-3, Class A (LIBOR USD 6-Month plus 0.50%)
3.19%		05/20/34	²		468,477		455,157
SG Mortgage Securities Trust, Series 2007-NC1, Class A2 (LIBOR USD 1-Month plus 0.24%)
2.75%		12/25/36	^2,3		16,526,611		11,021,946
Soundview Home Loan Trust, Series 2005-OPT1, Class M2 (LIBOR USD 1-Month plus 0.68%)
3.18%		06/25/35	²		26,959,842		26,795,614
STRU TCW-1154 Coll
3.78%		01/01/29			39,112,000		40,199,803
STRU TCW-1161 Coll
3.81%		01/01/29			42,000,000		43,336,734
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-1, Class 3A3
4.62%		02/25/34	⁸		23,565		23,750
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-12, Class 2A
4.24%		09/25/34	⁸		8,980,141		8,854,945
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-14, Class 1A
4.23%		10/25/34	⁸		231,276		232,037
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-14, Class 2A
4.36%		10/25/348			9,429,984		9,572,167
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-15, Class A
4.32%		10/25/34	⁸		3,219,228		3,035,438


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-17, Class A1
2.92%		11/25/34	⁸	$	47,298	$	44,226
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-20, Class 1A2
4.12%		01/25/35	⁸		796,140		788,368
Structured Adjustable Rate Mortgage Loan Trust, Series 2005-12, Class 3A1
4.34%		06/25/35	⁸		2,544,465		2,470,260
Structured Adjustable Rate Mortgage Loan Trust, Series 2005-18, Class 7A3
4.25%		09/25/35	⁸		18,927,694		15,843,750
Structured Adjustable Rate Mortgage Loan Trust, Series 2006-12, Class 1A1 (LIBOR USD 1-Month plus 0.16%)
2.67%		01/25/37	²		36,768,955		34,097,371
Structured Adjustable Rate Mortgage Loan Trust, Series 2007-9, Class 2A1
4.19%		10/25/47	⁸		883,412		737,433
Structured Asset Mortgage Investments II Trust, Series 2005-AR8, Class A1A (LIBOR USD 1-Month plus 0.28%)
2.79%		02/25/36	²		699,488		662,344
Structured Asset Securities Corp. Mortgage Loan Trust, Series 2006-WF2, Class A4 (LIBOR USD 1-Month plus 0.31%)
2.82%		07/25/36	²		9,383,719		9,412,116
Structured Asset Securities Corp. Mortgage Loan Trust, Series 2006-WF3, Class A1 (LIBOR USD 1-Month plus 0.14%)
2.65%		09/25/36	²		4,391,320		4,369,068
Structured Asset Securities Corp. Mortgage Pass-Through Certificates, Series 2004-23XS, Class 2A1 (LIBOR USD 1-Month plus 0.30%)
2.81%		01/25/35	²		2,023,981		1,980,315
Structured Asset Securities Corp. Mortgage Pass-Through Certificates, Series 1997-2, Class 2A4
7.25%		03/28/30			1,295		1,322
Structured Asset Securities Corp. Mortgage Pass-Through Certificates, Series 2003-26A, Class 3A5
4.34%		09/25/33	⁸		188,512		189,737
Structured Asset Securities Corp. Mortgage Pass-Through Certificates, Series 2003-34A, Class 5A4
4.39%		11/25/33	⁸		1,460,122		1,483,271
Structured Asset Securities Corp. Trust, Series 2005-17, Class 4A4
5.50%		10/25/35			3,336,102		3,342,118
Structured Asset Securities Corp. Trust, Series 2005-5, Class 2A4


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
5.50%		04/25/35		$	2,925,561	$	2,876,312
Suntrust Adjustable Rate Mortgage Loan Trust, Series 2007-3, Class 1A1
4.19%		06/25/37	⁸		3,667,971		3,386,730
Thornburg Mortgage Securities Trust, Series 2004-4, Class 2A
4.02%		12/25/44	⁸		142,626		140,126
Wachovia Mortgage Loan Trust, Series 2006-ALT1, Class A3 (LIBOR USD 1-Month plus 0.23%)
2.74%		01/25/37	²		18,255,327		11,983,614
Wachovia Mortgage Loan Trust, Series 2006-AMN1, Class A3 (LIBOR USD 1-Month plus 0.24%)
2.47%		08/25/36	²		20,494,501		11,844,123
WaMu Asset-Backed Certificates, Series 2007-HE1, Class 2A2 (LIBOR USD 1-Month plus 0.11%)
2.62%		01/25/37	²		4,142,411		2,624,692
WaMu Asset-Backed Certificates, Series 2007-HE1, Class 2A3 (LIBOR USD 1-Month plus 0.15%)
2.66%		01/25/37	²		38,239,108		24,351,169
WaMu Asset-Backed Certificates, Series 2007-HE1, Class 2A4 (LIBOR USD 1-Month plus 0.23%)
2.74%		01/25/37	²		12,836,223		8,257,846
WaMu Mortgage Pass-Through Certificates, Series 2003-AR6, Class A1
4.22%		06/25/33	⁸		4,363,690		4,409,609
WaMu Mortgage Pass-Through Certificates, Series 2004-AR3, Class A2
3.96%		06/25/34	⁸		46,756		47,631
WaMu Mortgage Pass-Through Certificates, Series 2004-AR6, Class A (LIBOR USD 1-Month plus 0.42%)
2.93%		05/25/44	²		1,693,666		1,698,215
WaMu Mortgage Pass-Through Certificates, Series 2005-3, Class 2A3 (LIBOR USD 1-Month plus 0.55%)
3.06%		05/25/35	²		3,527,555		2,850,415
WaMu Mortgage Pass-Through Certificates, Series 2005-4, Class CB13 (LIBOR USD 1-Month plus 0.50%)
3.01%		06/25/35	²		6,225,070		5,318,615
WaMu Mortgage Pass-Through Certificates, Series 2005-AR1, Class A1A (LIBOR USD 1-Month plus 0.64%)
3.15%		01/25/45	²		866,575		889,493
WaMu Mortgage Pass-Through Certificates, Series 2005-AR11, Class A1A


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
(LIBOR USD 1-Month plus 0.32%)
2.83%		08/25/45	²	$	44,265,494	$	42,468,235
WaMu Mortgage Pass-Through Certificates, Series 2005-AR12, Class 1A6
4.04%		10/25/358			1,450,261		1,431,940
WaMu Mortgage Pass-Through Certificates, Series 2005-AR13, Class A1A1 (LIBOR USD 1-Month plus 0.29%)
2.80%		10/25/45	²		6,709,413		6,653,467
WaMu Mortgage Pass-Through Certificates, Series 2005-AR14, Class 2A1
4.06%		12/25/35	⁸		4,640,686		4,486,126
WaMu Mortgage Pass-Through Certificates, Series 2005-AR15, Class A1A1 (LIBOR USD 1-Month plus 0.26%)
2.77%		11/25/45	²		34,019,897		33,046,611
WaMu Mortgage Pass-Through Certificates, Series 2005-AR17, Class A1A1 (LIBOR USD 1-Month plus 0.27%)
2.78%		12/25/45	²		15,761,922		15,676,275
WaMu Mortgage Pass-Through Certificates, Series 2005-AR19, Class A1A2 (LIBOR USD 1-Month plus 0.29%)
2.80%		12/25/45	²		18,418,314		17,470,631
WaMu Mortgage Pass-Through Certificates, Series 2005-AR2, Class 1A1A (LIBOR USD 1-Month plus 0.33%)
2.84%		01/25/45	²		16,012,860		16,016,517
WaMu Mortgage Pass-Through Certificates, Series 2005-AR2, Class 2A1A (LIBOR USD 1-Month plus 0.31%)
2.82%		01/25/45	²		1,453,901		1,412,717
WaMu Mortgage Pass-Through Certificates, Series 2005-AR2, Class 2A23 (LIBOR USD 1-Month plus 0.38%)
2.89%		01/25/45	²		5,162,794		5,045,226
WaMu Mortgage Pass-Through Certificates, Series 2005-AR6, Class 2A1A (LIBOR USD 1-Month plus 0.46%)
2.97%		04/25/45	²		187,386		183,124
WaMu Mortgage Pass-Through Certificates, Series 2006-AR1, Class 2A1A (Federal Reserve US 12-Month Cumulative Average plus 1.07%)
3.23%		01/25/46	²		36,973,768		36,278,447
WaMu Mortgage Pass-Through Certificates, Series 2006-AR10, Class 1A4
3.88%		09/25/36	⁸		15,119,173		13,943,991
WaMu Mortgage Pass-Through Certificates, Series 2006-AR16, Class 3A1
3.69%		12/25/36	⁸		852,459		822,620


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
WaMu Mortgage Pass-Through Certificates, Series 2006-AR3, Class A1A (Federal Reserve US 12-Month Cumulative Average plus 1.00%)
3.16%		02/25/46	²	$	19,037,806	$	18,947,487
WaMu Mortgage Pass-Through Certificates, Series 2006-AR4, Class 1A1A (Federal Reserve US 12-Month Cumulative Average plus 0.94%)
2.99%		05/25/46	²		6,478,572		6,491,261
WaMu Mortgage Pass-Through Certificates, Series 2006-AR7, Class 2A (Federal Reserve US 12-Month Cumulative Average plus 0.98%)
3.14%		07/25/46	²		14,096,020		12,731,073
WaMu Mortgage Pass-Through Certificates, Series 2007-1, Class 2A1
6.00%		01/25/22			260,248		250,970
WaMu Mortgage Pass-Through Certificates, Series 2007-HY7, Class 4A2
3.90%		07/25/37	⁸		307,285		283,320
WaMu Mortgage Pass-Through Certificates, Series 2007-OA1, Class A1A (Federal Reserve US 12-Month Cumulative Average plus 0.70%)
2.86%		02/25/47	²		16,090,069		14,419,491
WaMu MSC Mortgage Pass-Through Certificates, Series 2002-AR1, Class 1A1
4.09%		11/25/30	⁸		344,546		348,780
Wells Fargo Alternative Loan Trust, Series 2007-PA5, Class 1A1
6.25%		11/25/37			212,619		205,392
Wells Fargo Mortgage-Backed SecuritiesTrust, Series 2003-M, Class A1
4.90%		12/25/33	⁸		923,417		948,411
Wells Fargo Mortgage-Backed Securities Trust, Series 2004-L, Class A8
4.54%		07/25/34	⁸		174,784		174,759
Wells Fargo Mortgage-Backed Securities Trust, Series 2004-S, Class A1
4.61%		09/25/34	⁸		1,679,693		1,724,610
Wells Fargo Mortgage-Backed Securities Trust, Series 2005-AR10, Class 2A14
4.51%		06/25/35	⁸		821,875		825,718
Wells Fargo Mortgage-Backed Securities Trust, Series 2006-10, Class A4
6.00%		08/25/36			1,794,362		1,773,810
Wells Fargo Mortgage-Backed Securities Trust, Series 2006-2, Class 2A3
5.50%		03/25/36			210,294		204,158
Wells Fargo Mortgage-Backed Securities Trust, Series 2006-AR1, Class 1A1
4.08%		03/25/36	⁸		3,400,568		3,350,200


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Wells Fargo Mortgage-Backed Securities Trust, Series 2006-AR10, Class 5A1
4.43%		07/25/36	⁸	$	171,821	$	171,754
Wells Fargo Mortgage-Backed Securities Trust, Series 2006-AR10, Class 5A2
4.43%		07/25/36	⁸		58,271		58,249
Wells Fargo Mortgage-Backed Securities Trust, Series 2006-AR10, Class 5A3
4.43%		07/25/36	⁸		124,623		124,575
Wells Fargo Mortgage-Backed Securities Trust, Series 2006-AR10, Class 5A6
4.43%		07/25/36	⁸		728,482		728,201
Wells Fargo Mortgage-Backed Securities Trust, Series 2006-AR8, Class 1A3
4.56%		04/25/36	⁸		3,203		3,203


							4,939,941,384

U.S. Agency Commercial
Mortgage-Backed — 1.72%
Fannie Mae-Aces, Series 2011-M5, Class X (IO)
1.04%		07/25/21	⁸		115,206,501		2,652,659
Fannie Mae-Aces, Series 2014-M12, Class FA (LIBOR USD 1-Month plus 0.30%)
2.60%		10/25/21	²		12,101,894		12,109,216
Fannie Mae-Aces, Series 2014-M8, Class A1
2.35%		06/25/24			5,074,674		5,018,639
Fannie Mae-Aces, Series 2015-M10, Class A2
3.09%		04/25/27	⁸		122,515,000		119,666,857
Fannie Mae-Aces, Series 2015-M10, Class FA (LIBOR USD 1-Month plus 0.25%)
2.55%		03/25/19	²		1,591,255		1,588,694
Fannie Mae-Aces, Series 2016-M13, Class FA (LIBOR USD 1-Month plus 0.67%)
2.97%		11/25/23	²		38,035,585		38,078,662
Fannie Mae-Aces, Series 2017-M13, Class A2
2.94%		09/25/27	⁸		186,605,000		181,622,423
Fannie Mae-Aces, Series 2017-M13, Class FA (LIBOR USD 1-Month plus 0.40%)
2.70%		10/25/24	²		4,467,496		4,467,210
Fannie Mae-Aces, Series 2018-M1, Class A2
2.99%		12/25/27	⁸		810,000		794,186
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K082, Class A2


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Commercial
Mortgage-Backed (continued)
3.92%		09/25/28	⁸	$	180,000,000	$	188,432,766
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K083, Class A2
4.05%		09/25/28	⁸		175,000,000		184,994,136
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K084, Class A2
3.78%		10/25/28	⁸		200,335,000		207,338,050
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K154, Class A2
3.42%		04/25/32			750,000		748,102
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K154, Class A3
3.46%		11/25/32			72,550,000		71,506,629
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K157, Class A3
3.99%		08/25/33	⁸		250,000		259,717
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KF03, Class A (LIBOR USD 1-Month plus 0.34%)
2.69%		01/25/21	²		418,928		419,416
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KF15, Class A (LIBOR USD 1-Month plus 0.67%)
3.02%		02/25/23	²		72,261,757		72,373,538
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KF17, Class A (LIBOR USD 1-Month plus 0.55%)
2.90%		03/25/23	²		33,924,578		33,988,187
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KS07, Class A2
2.74%		09/25/25			65,000,000		62,666,302
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KSW1, Class A (LIBOR USD 1-Month plus 0.58%)
2.93%		02/25/26	²		6,816,993		6,808,837
NCUA Guaranteed Notes Trust, Series 2011-C1, Class 2A (LIBOR USD 1-Month plus 0.53%)
3.05%		03/09/21	²		1,577,731		1,578,469


							1,197,112,695

U.S. Agency Mortgage-Backed — 30.88%
Fannie Mae Pool (TBA)


Issues	Maturity Date		Principal Amount		Value

MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
3.00%		01/01/34	$	34,100,000	$	34,041,391
3.50%		01/01/49		386,770,000		386,732,232
4.00%		01/01/49		244,920,000		249,684,461
4.50%		01/01/49		39,225,000		40,623,157
Fannie Mae Pool 190375
5.50%		11/01/36		926,895		998,397
Fannie Mae Pool 190396
4.50%		06/01/39		13,943		14,606
Fannie Mae Pool 254232
6.50%		03/01/22		11,261		11,717
Fannie Mae Pool 313182
7.50%		10/01/26		1,597		1,709
Fannie Mae Pool 394854
6.50%		05/01/27		1,092		1,179
Fannie Mae Pool 467243
4.55%		01/01/21		2,442,609		2,522,790
Fannie Mae Pool 468128
4.33%		07/01/21		1,904,219		1,969,200
Fannie Mae Pool 468587
3.84%		08/01/21		640,586		656,226
Fannie Mae Pool 545191
7.00%		09/01/31		3,869		4,208
Fannie Mae Pool 545756
7.00%		06/01/32		903		1,024
Fannie Mae Pool 606108
7.00%		03/01/31		2,727		2,737
Fannie Mae Pool 613142
7.00%		11/01/31		9,583		10,911
Fannie Mae Pool 625666
7.00%		01/01/32		9,245		10,166
Fannie Mae Pool 633698
7.50%		02/01/31		33,614		38,427
Fannie Mae Pool 655928
7.00%		08/01/32		147,304		169,342
Fannie Mae Pool 725257
5.50%		02/01/34		1,021,095		1,099,773
Fannie Mae Pool 734830
4.50%		08/01/33		14,077		14,643
Fannie Mae Pool 734922
4.50%		09/01/33		2,254,340		2,356,615
Fannie Mae Pool 735207
7.00%		04/01/34		21,731		24,402
Fannie Mae Pool 735224
5.50%		02/01/35		4,223,310		4,550,174
Fannie Mae Pool 735646
4.50%		07/01/20		209,128		213,094
Fannie Mae Pool 735651
4.50%		06/01/35		4,880,326		5,111,249


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
Fannie Mae Pool 735686
6.50%		12/01/22		$	3,472	$	3,540
Fannie Mae Pool 740297
5.50%		10/01/33			2,020		2,176
Fannie Mae Pool 745147
4.50%		12/01/35			30,748		32,022
Fannie Mae Pool 745592
5.00%		01/01/21			292		293
Fannie Mae Pool 753168
4.50%		12/01/33			8,053		8,384
Fannie Mae Pool 815422
4.50%		02/01/35			39,389		41,018
Fannie Mae Pool 817611 (LIBOR USD 6-Month plus 1.58%)
4.08%		11/01/35	²		188,103		198,243
Fannie Mae Pool 839109 (LIBOR USD 12-Month plus 1.91%)
4.79%		11/01/35	²		4,070		4,219
Fannie Mae Pool 841031 (LIBOR USD 12-Month plus 1.84%)
4.71%		11/01/35	²		2,689		2,797
Fannie Mae Pool 844773 (LIBOR USD 12-Month plus 1.59%)
4.55%		12/01/35	²		5,224		5,425
Fannie Mae Pool 888412
7.00%		04/01/37			251,403		274,829
Fannie Mae Pool 889125
5.00%		12/01/21			605,336		609,286
Fannie Mae Pool 889184
5.50%		09/01/36			3,962,169		4,268,836
Fannie Mae Pool 918445 (LIBOR USD 12-Month plus 1.57%)
3.69%		05/01/37	²		7,052		7,342
Fannie Mae Pool 933033
6.50%		10/01/37			285,410		309,274
Fannie Mae Pool AB1613
4.00%		10/01/40			37,803,056		38,941,578
Fannie Mae Pool AB1803
4.00%		11/01/40			42,937,568		44,284,399
Fannie Mae Pool AB2127
3.50%		01/01/26			20,681,720		20,964,425
Fannie Mae Pool AB3679
3.50%		10/01/41			14,807,479		14,914,439
Fannie Mae Pool AB3864
3.50%		11/01/41			12,428,518		12,533,869
Fannie Mae Pool AB4045
3.50%		12/01/41			13,147,638		13,257,459
Fannie Mae Pool AB4262


Issues	Maturity Date		Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed
(continued)
3.50%		01/01/32	$	9,060,438	$	9,228,870
Fannie Mae Pool AB9703
3.50%		06/01/43		33,802,814		34,013,958
Fannie Mae Pool AC8279
4.50%		08/01/39		20,320		21,164
Fannie Mae Pool AD0849
4.25%		02/01/20		16,864,392		17,063,704
Fannie Mae Pool AD0895
4.50%		07/01/19		13,462,258		13,500,406
Fannie Mae Pool AE0482
5.50%		01/01/38		9,825,678		10,593,982
Fannie Mae Pool AE0600
3.85%		11/01/20		15,323,818		15,590,650
Fannie Mae Pool AE0605
4.65%		07/01/20		8,628,421		8,710,318
Fannie Mae Pool AE0913
4.15%		09/01/20		77,034,709		78,194,598
Fannie Mae Pool AE0918
3.67%		10/01/20		2,800,227		2,835,940
Fannie Mae Pool AH3780
4.00%		02/01/41		16,888,978		17,429,074
Fannie Mae Pool AJ1404
4.00%		09/01/41		25,504,082		26,254,852
Fannie Mae Pool AL0209
4.50%		05/01/41		25,878,546		27,198,267
Fannie Mae Pool AL0290
4.45%		04/01/21		21,902,899		22,616,649
Fannie Mae Pool AL0834
4.07%		10/01/21		21,612,552		22,208,578
Fannie Mae Pool AL0851
6.00%		10/01/40		16,734,692		18,263,933
Fannie Mae Pool AL1445
4.36%		11/01/21		66,060,770		67,686,257
Fannie Mae Pool AL2669
4.46%		09/01/21		18,028,982		18,372,997
Fannie Mae Pool AL4597
4.00%		01/01/44		64,557,129		66,561,931
Fannie Mae Pool AL6829
2.96%		05/01/27		2,303,861		2,282,326
Fannie Mae Pool AL8037
4.50%		07/01/34		289,719		303,012
Fannie Mae Pool AL8356
4.50%		07/01/34		768,667		803,881
Fannie Mae Pool AL8960
4.50%		05/01/46		67,331,338		70,137,964
Fannie Mae Pool AL9106
4.50%		02/01/46		87,387,079		90,958,867
Fannie Mae Pool AL9217


Issues	Maturity Date		Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed
(continued)
3.50%		10/01/46	$	42,737,531	$	42,899,252
Fannie Mae Pool AL9472
4.00%		10/01/43		12,297,342		12,644,646
Fannie Mae Pool AL9722
4.50%		08/01/46		295,115,735		307,381,483
Fannie Mae Pool AL9846
4.50%		02/01/47		294,468,545		306,707,394
Fannie Mae Pool AM0414
2.87%		09/01/27		39,760,000		38,751,438
Fannie Mae Pool AM1445
1.56%		11/01/19		650,014		641,707
Fannie Mae Pool AM4236
3.94%		08/01/25		9,233		9,665
Fannie Mae Pool AM4687
3.70%		12/01/25		5,148,130		5,339,465
Fannie Mae Pool AM4869
4.07%		12/01/25		1,831,203		1,933,608
Fannie Mae Pool AM6057
3.44%		08/01/26		6,750,000		6,911,329
Fannie Mae Pool AM6155
3.23%		07/01/26		2,880,545		2,925,022
Fannie Mae Pool AM6667
3.39%		09/01/26		3,461,000		3,524,886
Fannie Mae Pool AM7016
3.47%		10/01/29		4,972,635		5,007,608
Fannie Mae Pool AM8036
2.66%		03/01/27		1,965,000		1,890,050
Fannie Mae Pool AM8709
2.82%		04/01/27		6,315,339		6,153,910
Fannie Mae Pool AM8765
2.83%		06/01/27		4,000,000		3,890,508
Fannie Mae Pool AM8958
2.97%		06/01/30		5,500,000		5,230,422
Fannie Mae Pool AM8969
3.27%		07/01/30		12,691,000		12,458,902
Fannie Mae Pool AM9004
2.80%		06/01/25		99,189,037		98,645,853
Fannie Mae Pool AM9440
3.05%		07/01/27		47,705,000		46,794,479
Fannie Mae Pool AM9602
3.57%		08/01/27		1,741,931		1,771,633
Fannie Mae Pool AM9623
3.34%		07/01/30		1,420,000		1,401,996
Fannie Mae Pool AM9749
3.48%		11/01/30		5,410,396		5,448,280
Fannie Mae Pool AM9954
3.22%		11/01/27		3,192,135		3,184,828
Fannie Mae Pool AN0153


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed
(continued)
3.36%		11/01/30		$	10,614,645	$	10,509,208
Fannie Mae Pool AN0154
3.36%		11/01/30			15,049,531		14,900,042
Fannie Mae Pool AN0648
3.28%		01/01/28			13,943,987		13,912,018
Fannie Mae Pool AN0959
2.92%		05/01/31			35,459,000		33,502,060
Fannie Mae Pool AN1161
3.05%		04/01/28			435,000		423,284
Fannie Mae Pool AN1210
2.85%		05/01/31			5,977,500		5,622,784
Fannie Mae Pool AN1427
2.96%		04/01/28			4,116,681		4,009,847
Fannie Mae Pool AN1482
3.03%		05/01/31			5,396,126		5,182,821
Fannie Mae Pool AN1686
2.32%		07/01/26			30,377,560		29,033,051
Fannie Mae Pool AN1688
2.32%		07/01/26			25,792,268		24,650,704
Fannie Mae Pool AN1954
2.26%		07/01/26			28,345,175		26,965,635
Fannie Mae Pool AN2228
2.52%		08/01/26			15,985,000		15,417,783
Fannie Mae Pool AN2248
2.48%		08/01/26			51,160,000		49,207,945
Fannie Mae Pool AN2270
2.51%		08/01/26			2,619,082		2,532,165
Fannie Mae Pool AN2271
2.33%		08/01/26			2,152,000		2,024,804
Fannie Mae Pool AN2309
2.21%		07/01/26			44,984,601		42,680,466
Fannie Mae Pool AN2338
2.36%		09/01/26			41,029,380		39,027,659
Fannie Mae Pool AN2367
2.46%		08/01/26			12,432,109		11,967,090
Fannie Mae Pool AN2371
2.18%		09/01/26			35,922,542		33,973,509
Fannie Mae Pool AN2799
2.21%		09/01/26			475,000		444,418
Fannie Mae Pool AN3097
2.54%		11/01/28			35,120,000		32,799,291
Fannie Mae Pool AN3574
2.34%		11/01/26			28,210,000		26,470,718
Fannie Mae Pool AN3597 (LIBOR USD 1-Month plus 0.64%)
2.99%		11/01/26	²		23,520,000		23,500,887
Fannie Mae Pool AN3631
2.99%		02/01/29			37,752,000		36,212,538


Issues	Maturity Date		Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed
(continued)
Fannie Mae Pool AN4429
3.22%		01/01/27	$	23,130,000	$	23,117,970
Fannie Mae Pool AN4431
3.22%		01/01/27		49,395,000		49,369,310
Fannie Mae Pool AN4435
3.22%		01/01/27		29,420,000		29,404,699
Fannie Mae Pool AN5718
3.24%		06/01/29		3,805,000		3,750,299
Fannie Mae Pool AN5719
3.24%		06/01/29		3,405,000		3,356,049
Fannie Mae Pool AN6168
3.13%		07/01/32		200,000		188,837
Fannie Mae Pool AN6459
3.21%		08/01/29		783,535		771,603
Fannie Mae Pool AN6479
2.80%		12/01/22		600,000		597,696
Fannie Mae Pool AN9163
3.49%		05/01/30		350,000		348,418
Fannie Mae Pool AN9814
3.63%		08/01/28		135,845,101		138,749,536
Fannie Mae Pool AN9827
3.62%		08/01/28		37,930,000		38,705,631
Fannie Mae Pool AS8605
3.00%		01/01/32		324,009		323,528
Fannie Mae Pool AS8663
4.50%		01/01/47		52,259,495		54,186,564
Fannie Mae Pool AS9830
4.00%		06/01/47		216,863,326		221,319,189
Fannie Mae Pool AS9972
4.00%		07/01/47		188,309,679		192,178,854
Fannie Mae Pool AU3739
3.50%		08/01/43		44,755,978		45,188,571
Fannie Mae Pool BD2450
3.50%		01/01/47		188,090		188,566
Fannie Mae Pool BL0242
3.82%		11/01/30		250,000		256,118
Fannie Mae Pool BL0690
3.90%		12/01/30		17,950,000		18,476,089
Fannie Mae Pool BL0691
3.90%		12/01/30		34,968,000		35,992,863
Fannie Mae Pool BL0702
3.86%		11/01/28		39,100,000		40,398,206
Fannie Mae Pool BL0838
3.61%		12/01/25		50,717,000		52,123,753
Fannie Mae Pool BL0937
3.83%		12/01/28		94,967,000		97,883,594
Fannie Mae Pool BM2007
4.00%		09/01/48		33,776,942		34,443,094


Issues	Maturity Date		Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed
(continued)
Fannie Mae Pool CA1187
3.50%		02/01/48	$	211,505,784	$	211,538,832
Fannie Mae Pool CA1711
4.50%		05/01/48		48,350,975		50,094,382
Fannie Mae Pool CA2208
4.50%		08/01/48		116,908,527		121,137,484
Fannie Mae Pool FN0001
3.77%		12/01/20		35,278,303		35,841,972
Fannie Mae Pool FN0003
4.28%		01/01/21		5,930,477		6,091,135
Fannie Mae Pool MA1177
3.50%		09/01/42		76,233,934		76,737,200
Fannie Mae Pool MA1404
3.50%		04/01/43		5,850		5,887
Fannie Mae Pool MA1527
3.00%		08/01/33		71,268,227		70,921,146
Fannie Mae Pool MA1561
3.00%		09/01/33		44,442,379		44,225,934
Fannie Mae Pool MA1582
3.50%		09/01/43		22,562,048		22,702,730
Fannie Mae Pool MA1584
3.50%		09/01/33		72,463,283		73,553,065
Fannie Mae Pool MA1608
3.50%		10/01/33		49,783,417		50,532,115
Fannie Mae Pool MA2960
4.00%		04/01/47		121,837,254		124,287,478
Fannie Mae Pool MA3027
4.00%		06/01/47		215,045,097		219,374,137
Fannie Mae Pool MA3029
3.00%		06/01/32		70,791,589		70,681,613
Fannie Mae Pool MA3058
4.00%		07/01/47		84,184,154		85,913,875
Fannie Mae Pool MA3182
3.50%		11/01/47		128,791,344		128,776,310
Fannie Mae Pool MA3210
3.50%		12/01/47		279,877,040		279,920,771
Fannie Mae Pool MA3237
3.00%		01/01/48		939,558		916,625
Fannie Mae Pool MA3238
3.50%		01/01/48		185,739,049		185,768,071
Fannie Mae Pool MA3239
4.00%		01/01/48		1,440,900		1,470,506
Fannie Mae Pool MA3275
3.00%		02/01/48		1,568,338		1,530,259
Fannie Mae Pool MA3276
3.50%		02/01/48		79,139,982		79,152,348
Fannie Mae Pool MA3305
3.50%		03/01/48		230,931,634		230,955,374


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed
(continued)
Fannie Mae Pool MA3306
4.00%		03/01/48		$	378,138	$	385,760
Fannie Mae Pool MA3332
3.50%		04/01/48			435,199,220		435,243,958
Fannie Mae Pool MA3333
4.00%		04/01/48			160,970,868		164,163,562
Fannie Mae Pool MA3383
3.50%		06/01/48			269,511,668		269,539,374
Fannie Mae Pool MA3444
4.50%		08/01/48			141,939,325		147,073,726
Fannie Mae Pool MA3468
4.50%		09/01/48			45,298,956		46,937,565
Fannie Mae Pool MA3496
4.50%		10/01/48			23,505,938		24,347,642
Fannie Mae REMICS, Series 1989-27, Class Y
6.90%		06/25/19			9		9
Fannie Mae REMICS, Series 1991-65, Class Z
6.50%		06/25/21			1,253		1,285
Fannie Mae REMICS, Series 1992-123, Class Z
7.50%		07/25/22			604		634
Fannie Mae REMICS, Series 1993-132, Class D (PO)
0.00%		10/25/22	⁹		24,406		23,289
Fannie Mae REMICS, Series 1993-29, Class PK
7.00%		03/25/23			2,525		2,615
Fannie Mae REMICS, Series 1994-55, Class H
7.00%		03/25/24			10,765		11,643
Fannie Mae REMICS, Series 1997-34, Class SA
(Cost of Funds 11th District of San Francisco * 5.542, 37.68% Cap)
5.87%		10/25/23	²		2,933		3,574
Fannie Mae REMICS, Series 1998-37, Class VZ
6.00%		06/17/28			7,344		7,698
Fannie Mae REMICS, Series 1999-11, Class Z
5.50%		03/25/29			35,762		36,521
Fannie Mae REMICS, Series 2001-52, Class YZ
6.50%		10/25/31			127,552		142,518
Fannie Mae REMICS, Series 2005-104, Class NI (IO)
(-1.00 X LIBOR USD 1-Month plus 6.70%, 6.70% Cap)
4.19%		03/25/35	²		7,771,314		281,081
Fannie Mae REMICS, Series 2005-117, Class LC


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed
(continued)
5.50%		11/25/35		$	6,905,734	$	7,192,992
Fannie Mae REMICS, Series 2005-122, Class SG (IO)
(-1.00 X LIBOR USD 1-Month plus 6.60%, 6.60% Cap)
4.09%		11/25/35	²		81,515		8,943
Fannie Mae REMICS, Series 2005-92, Class US (IO)
(-1.00 X LIBOR USD 1-Month plus 6.10%, 6.10% Cap)
3.59%		10/25/25	²		5,768,927		438,076
Fannie Mae REMICS, Series 2006-4, Class WE
4.50%		02/25/36			85,414		87,879
Fannie Mae REMICS, Series 2006-49, Class SE
(-4.00 X LIBOR USD 1-Month plus 29.00%, 29.00% Cap)
18.98%		04/25/36	²		2,316,338		3,314,785
Fannie Mae REMICS, Series 2007-17, Class SI (IO)
(-1.00 X LIBOR USD 1-Month plus 6.40%, 6.40% Cap)
3.89%		03/25/37	²		1,790,116		202,790
Fannie Mae REMICS, Series 2007-34, Class SB (IO)
(-1.00 X LIBOR USD 1-Month plus 6.11%, 6.11% Cap)
3.60%		04/25/37	²		3,957,618		564,920
Fannie Mae REMICS, Series 2007-64, Class FA
(LIBOR USD 1-Month plus 0.47%)
2.98%		07/25/37	²		5,548		5,595
Fannie Mae REMICS, Series 2008-24, Class NA
6.75%		06/25/37			551,145		607,285
Fannie Mae REMICS, Series 2010-116, Class SE (IO)
(-1.00 X LIBOR USD 1-Month plus 6.60%, 6.60% Cap)
4.09%		10/25/40	²		5,218,646		712,381
Fannie Mae REMICS, Series 2010-135, Class EA
3.00%		01/25/40			12,977		13,001
Fannie Mae REMICS, Series 2010-17, Class SB (IO)
(-1.00 X LIBOR USD 1-Month plus 6.35%, 6.35% Cap)
3.84%		03/25/40	²		9,173,989		1,350,969
Fannie Mae REMICS, Series 2010-43, Class KS (IO)
(-1.00 X LIBOR USD 1-Month plus 6.42%, 6.42% Cap)
3.91%		05/25/40	²		16,295,414		2,509,295
Fannie Mae REMICS, Series 2011-101, Class HE
4.00%		10/25/41			10,100,000		10,301,573
Fannie Mae REMICS, Series 2011-111, Class DB


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed
(continued)
4.00%		11/25/41		$	24,977,334	$	26,001,092
Fannie Mae REMICS, Series 2011-2, Class PD
4.00%		12/25/39			32,191		32,628
Fannie Mae REMICS, Series 2013-101, Class BO (PO)
0.00%		10/25/43	⁹		23,331,021		19,079,740
Fannie Mae REMICS, Series 2013-101, Class CO (PO)
0.00%		10/25/43	⁹		14,351,048		11,603,494
Fannie Mae REMICS, Series 2018-29, Class AP
3.50%		11/25/46			282,162,372		284,854,576
Fannie Mae REMICS, Series 2018-55, Class PA
3.50%		01/25/47			80,439,234		81,202,560
Fannie Mae REMICS, Series 2018-86, Class JA
4.00%		05/25/47			6,699,358		6,905,675
Fannie Mae REMICS, Series 2018-94, Class KD
3.50%		12/25/48			33,130,000		33,202,472
Fannie Mae REMICS, Series G92-12, Class B
7.70%		02/25/22			5		5
Fannie Mae REMICS, Series G92-36, Class Z
7.00%		07/25/22			35		36
Fannie Mae REMICS, Series G93-21, Class Z
7.20%		05/25/23			2,352		2,487
Fannie Mae Trust, Series 2003-W2, Class 2A9
5.90%		07/25/42			30,992		33,885
Freddie Mac Gold Pool (TBA)
3.50%		01/01/34			648,845,000		656,803,486
4.00%		01/01/49			109,325,000		111,458,118
4.50%		01/01/49			550,125,000		569,465,332
Freddie Mac Gold Pool A24156
6.50%		10/01/31			245,471		269,604
Freddie Mac Gold Pool A25162
5.50%		05/01/34			2,141,898		2,295,569
Freddie Mac Gold Pool A39012
5.50%		06/01/35			45,956		49,343
Freddie Mac Gold Pool A54856
5.00%		01/01/34			4,309,924		4,577,648
Freddie Mac Gold Pool A61164
5.00%		04/01/36			13,096		13,884
Freddie Mac Gold Pool A97038
4.00%		02/01/41			13,844,735		14,269,111
Freddie Mac Gold Pool C01492


Issues	Maturity Date		Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
5.00%		02/01/33	$	682,864	$	723,089
Freddie Mac Gold Pool C04546
3.00%		02/01/43		21,843,355		21,477,066
Freddie Mac Gold Pool C04573
3.00%		03/01/43		27,447,312		27,051,136
Freddie Mac Gold Pool C46104
6.50%		09/01/29		16,603		18,035
Freddie Mac Gold Pool C55789
7.50%		10/01/27		7,215		7,713
Freddie Mac Gold Pool C90573
6.50%		08/01/22		39,925		42,071
Freddie Mac Gold Pool E02402
6.00%		10/01/22		10,770		11,081
Freddie Mac Gold Pool G00992
7.00%		11/01/28		769		842
Freddie Mac Gold Pool G01515
5.00%		02/01/33		722,270		764,388
Freddie Mac Gold Pool G02579
5.00%		12/01/34		1,005,140		1,067,433
Freddie Mac Gold Pool G02884
6.00%		04/01/37		2,588,841		2,861,644
Freddie Mac Gold Pool G02955
5.50%		03/01/37		3,802,732		4,158,359
Freddie Mac Gold Pool G03357
5.50%		08/01/37		1,529,793		1,648,225
Freddie Mac Gold Pool G03676
5.50%		12/01/37		2,696,626		2,949,555
Freddie Mac Gold Pool G03783
5.50%		01/01/38		1,923,066		2,122,131
Freddie Mac Gold Pool G03985
6.00%		03/01/38		23,189		25,836
Freddie Mac Gold Pool G04438
5.50%		05/01/38		5,359,790		5,780,132
Freddie Mac Gold Pool G04703
5.50%		08/01/38		4,814,074		5,213,796
Freddie Mac Gold Pool G04706
5.50%		09/01/38		202,183		223,240
Freddie Mac Gold Pool G05866
4.50%		02/01/40		19,651,139		20,652,887
Freddie Mac Gold Pool G06361
4.00%		03/01/41		25,912		26,673
Freddie Mac Gold Pool G06498
4.00%		04/01/41		26,170,086		26,957,235
Freddie Mac Gold Pool G06499
4.00%		03/01/41		12,698,565		13,080,515
Freddie Mac Gold Pool G07408
3.50%		06/01/43		24,615,664		24,803,167
Freddie Mac Gold Pool G07786


Issues	Maturity Date		Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
4.00%		08/01/44	$	236,966,828	$	244,113,655
Freddie Mac Gold Pool G07848
3.50%		04/01/44		121,806,863		122,748,076
Freddie Mac Gold Pool G07849
3.50%		05/01/44		17,498,856		17,627,267
Freddie Mac Gold Pool G07924
3.50%		01/01/45		25,447,718		25,562,034
Freddie Mac Gold Pool G07925
4.00%		02/01/45		15,392,460		15,856,466
Freddie Mac Gold Pool G08676
3.50%		11/01/45		93,398,261		93,704,724
Freddie Mac Gold Pool G08681
3.50%		12/01/45		61,688,850		61,791,710
Freddie Mac Gold Pool G08710
3.00%		06/01/46		302,529,088		295,341,723
Freddie Mac Gold Pool G08711
3.50%		06/01/46		27,416,746		27,416,027
Freddie Mac Gold Pool G08715
3.00%		08/01/46		431,910,344		421,648,716
Freddie Mac Gold Pool G08721
3.00%		09/01/46		29,018,443		28,311,110
Freddie Mac Gold Pool G08722
3.50%		09/01/46		119,658,347		119,655,200
Freddie Mac Gold Pool G08726
3.00%		10/01/46		471,370,966		459,881,166
Freddie Mac Gold Pool G08727
3.50%		10/01/46		97,181,687		97,313,714
Freddie Mac Gold Pool G08732
3.00%		11/01/46		279,124,323		272,320,589
Freddie Mac Gold Pool G08737
3.00%		12/01/46		163,005,335		159,032,034
Freddie Mac Gold Pool G08741
3.00%		01/01/47		161,458,614		157,464,885
Freddie Mac Gold Pool G08742
3.50%		01/01/47		149,125,323		149,167,227
Freddie Mac Gold Pool G08747
3.00%		02/01/47		52,269,924		50,995,830
Freddie Mac Gold Pool G08757
3.50%		04/01/47		74,897,903		74,919,140
Freddie Mac Gold Pool G08762
4.00%		05/01/47		61,750,874		63,014,837
Freddie Mac Gold Pool G08791
3.00%		12/01/47		302,869,416		295,400,114
Freddie Mac Gold Pool G08826
5.00%		06/01/48		52,951,126		55,496,316
Freddie Mac Gold Pool G08833
5.00%		07/01/48		29,978,225		31,416,445
Freddie Mac Gold Pool G08838


Issues	Maturity Date		Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
5.00%		09/01/48	$	16,427,302	$	17,217,454
Freddie Mac Gold Pool G08840
5.00%		08/01/48		6,131,121		6,426,027
Freddie Mac Gold Pool G08843
4.50%		10/01/48		43,807,743		45,381,259
Freddie Mac Gold Pool G08844
5.00%		10/01/48		49,400,487		51,805,378
Freddie Mac Gold Pool G08849
5.00%		11/01/48		19,532,127		20,464,280
Freddie Mac Gold Pool G11707
6.00%		03/01/20		27,399		27,503
Freddie Mac Gold Pool G12393
5.50%		10/01/21		1,274,661		1,299,007
Freddie Mac Gold Pool G12399
6.00%		09/01/21		788		806
Freddie Mac Gold Pool G12824
6.00%		08/01/22		937,107		971,246
Freddie Mac Gold Pool G12909
6.00%		11/01/22		2,463,198		2,559,598
Freddie Mac Gold Pool G13032
6.00%		09/01/22		365,242		375,717
Freddie Mac Gold Pool G13058
4.50%		10/01/20		86,108		86,324
Freddie Mac Gold Pool G16085
2.50%		02/01/32		6,005,985		5,867,040
Freddie Mac Gold Pool G18596
3.00%		04/01/31		72,264,930		72,161,729
Freddie Mac Gold Pool G60023
3.50%		04/01/45		21,523,175		21,640,040
Freddie Mac Gold Pool G60080
3.50%		06/01/45		259,050,857		260,133,612
Freddie Mac Gold Pool G60138
3.50%		08/01/45		181,136,076		182,119,590
Freddie Mac Gold Pool G60238
3.50%		10/01/45		79,571,806		79,940,632
Freddie Mac Gold Pool G67700
3.50%		08/01/46		58,726,878		58,953,987
Freddie Mac Gold Pool G67703
3.50%		04/01/47		584,257,445		587,133,803
Freddie Mac Gold Pool G67706
3.50%		12/01/47		308,291,489		309,278,985
Freddie Mac Gold Pool G67707
3.50%		01/01/48		670,276,830		673,426,065
Freddie Mac Gold Pool G67708
3.50%		03/01/48		767,505,583		768,554,916
Freddie Mac Gold Pool G67709
3.50%		03/01/48		497,345,980		498,104,641
Freddie Mac Gold Pool G67710


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
3.50%		03/01/48		$	526,093,834	$	526,895,305
Freddie Mac Gold Pool G67711
4.00%		03/01/48			140,957,268		144,536,258
Freddie Mac Gold Pool G67713
4.00%		06/01/48			208,801,471		213,772,220
Freddie Mac Gold Pool H00790
5.50%		05/01/37			16,852		17,564
Freddie Mac Gold Pool H03161
6.50%		08/01/37			1,136		1,232
Freddie Mac Gold Pool H05069
5.50%		05/01/37			513,332		535,028
Freddie Mac Gold Pool Q05804
4.00%		01/01/42			43,388,490		44,763,328
Freddie Mac Gold Pool Q56089
5.00%		05/01/48			26,690,927		28,061,387
Freddie Mac Gold Pool U99097
3.50%		07/01/43			74,237,559		74,782,741
Freddie Mac Gold Pool V80356
3.50%		08/01/43			45,757,289		46,048,634
Freddie Mac REMICS, Series 1004, Class H
7.95%		10/15/20			22		22
Freddie Mac REMICS, Series 1073, Class G
7.00%		05/15/21			135		140
Freddie Mac REMICS, Series 1107, Class ZC
6.50%		07/15/21			1,698		1,747
Freddie Mac REMICS, Series 165, Class K
6.50%		09/15/21			12		12
Freddie Mac REMICS, Series 1980, Class Z
7.00%		07/15/27			91,221		100,731
Freddie Mac REMICS, Series 1983, Class Z
6.50%		12/15/23			33,575		35,259
Freddie Mac REMICS, Series 2098, Class TZ
6.00%		01/15/28			384,668		411,756
Freddie Mac REMICS, Series 2174, Class PN
6.00%		07/15/29			20,917		22,496
Freddie Mac REMICS, Series 2313, Class LA
6.50%		05/15/31			10,264		11,603
Freddie Mac REMICS, Series 2433, Class SA
(-2.60 X LIBOR USD 1-Month plus 20.93%, 20.93% Cap)
14.55%		02/15/32	²		10,600		14,375


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
Freddie Mac REMICS, Series 2481, Class AW
6.50%		08/15/32		$	42,932	$	46,198
Freddie Mac REMICS, Series 2642, Class BW (IO)
5.00%		06/15/23			5,106		91
Freddie Mac REMICS, Series 2649, Class PC
5.50%		07/15/33			2,187		2,201
Freddie Mac REMICS, Series 3019, Class SW (IO)
(-1.00 X LIBOR USD 1-Month plus 7.20%, 7.20% Cap)
4.74%		08/15/35	²		1,657,171		318,231
Freddie Mac REMICS, Series 3063, Class YG
5.50%		11/15/35			4,387,879		4,725,215
Freddie Mac REMICS, Series 3300, Class SA (IO)
(-1.00 X LIBOR USD 1-Month plus 7.20%, 7.20% Cap)
4.74%		08/15/35	²		732,672		127,179
Freddie Mac REMICS, Series 3707, Class EI (IO)
5.00%		12/15/38			12,610,327		1,146,310
Freddie Mac REMICS, Series 3730, Class JG
3.00%		09/15/39			14,385		14,324
Freddie Mac REMICS, Series 3752, Class XL
4.50%		11/15/40			66,277,000		69,670,701
Freddie Mac REMICS, Series 3891, Class HS (IO)
(-1.00 X LIBOR USD 1-Month plus 5.95%, 5.95% Cap)
3.49%		07/15/41	²		7,584,785		560,560
Freddie Mac REMICS, Series 3904, Class JB
4.50%		08/15/41			18,155,000		19,221,697
Freddie Mac REMICS, Series 3925, Class LB
4.50%		09/15/41			9,215,000		10,079,704
Freddie Mac REMICS, Series 3928, Class JD
4.00%		09/15/41			32,095,702		33,424,984
Freddie Mac REMICS, Series 4102, Class TC
2.50%		09/15/41			18,855,851		18,555,685
Freddie Mac REMICS, Series 4161, Class BA
2.50%		12/15/41			28,701,213		28,237,169
Freddie Mac REMICS, Series 4818, Class CA
3.00%		04/15/48			8,207,946		8,050,750


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
Freddie Mac REMICS, Series 4846, Class PA
4.00%		06/15/47		$	3,032,878	$	3,136,350
Freddie Mac REMICS, Series 4852, Class CA
4.00%		11/15/47			81,228,087		83,714,272
Freddie Mac Strips, Series 309, Class PO (PO)
0.00%		08/15/43	⁹		34,704,058		28,676,663
Freddie Mac Strips, Series 319, Class F2
(LIBOR USD 1-Month plus 0.50%)
2.96%		11/15/43	²		6,652,295		6,672,021
Ginnie Mae I Pool 782817
4.50%		11/15/39			20,254,700		21,183,139
Ginnie Mae II Pool (TBA)
4.00%		01/20/49			189,375,000		193,917,042
4.50%		01/20/49			22,400,000		23,181,812
5.00%		01/20/49			56,000,000		58,290,313
Ginnie Mae II Pool 2631
7.00%		08/20/28			2,189		2,444
Ginnie Mae II Pool 3388
4.50%		05/20/33			6,542		6,823
Ginnie Mae II Pool 3427
4.50%		08/20/33			2,090		2,183
Ginnie Mae II Pool 3554
4.50%		05/20/34			2,088		2,180
Ginnie Mae II Pool 4058
5.00%		12/20/37			1,279		1,344
Ginnie Mae II Pool 4342
5.00%		01/20/39			1,783		1,896
Ginnie Mae II Pool 4520
5.00%		08/20/39			34,971		37,076
Ginnie Mae II Pool 5175
4.50%		09/20/41			11,310		11,871
Ginnie Mae II Pool 5281
4.50%		01/20/42			22,290		23,396
Ginnie Mae II Pool 783591
4.50%		07/20/41			29,406		30,863
Ginnie Mae II Pool 80968
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 1.50%)
3.75%		07/20/34	²		16,868		17,296
Ginnie Mae II Pool 81267
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 1.50%)
3.38%		03/20/35	²		26,895		27,175
Ginnie Mae II Pool 81432


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
(US Treasury Yield Curve Rate T Note
Constant Maturity 1 Year plus 1.50%)
3.75%		08/20/35	²	$	31,563	$	32,775
Ginnie Mae II Pool 81497
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 1.50%)
3.13%		10/20/35	²		27,444		28,543
Ginnie Mae II Pool 8631
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 1.50%)
3.63%		05/20/25	²		5,136		5,258
Ginnie Mae II Pool 8644
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 1.50%)
3.63%		06/20/25	²		7,086		7,264
Ginnie Mae II Pool MA0627
4.50%		12/20/42			85,685		89,909
Ginnie Mae II Pool MA0701
4.50%		01/20/43			111,716		116,723
Ginnie Mae II Pool MA1997
4.50%		06/20/44			24,943		26,224
Ginnie Mae II Pool MA2374
5.00%		11/20/44			629,301		657,005
Ginnie Mae II Pool MA2756
4.50%		04/20/45			55,905		58,650
Ginnie Mae II Pool MA2828
4.50%		05/20/45			2,403,575		2,499,509
Ginnie Mae II Pool MA2894
4.50%		06/20/45			910,168		949,729
Ginnie Mae II Pool MA3036
4.50%		08/20/45			100,610		105,543
Ginnie Mae II Pool MA3456
4.50%		02/20/46			654,117		683,094
Ginnie Mae II Pool MA3521
3.50%		03/20/46			88,941,887		89,681,046
Ginnie Mae II Pool MA3524
5.00%		03/20/46			26,489		27,990
Ginnie Mae II Pool MA3597
3.50%		04/20/46			224,455,299		226,286,094
Ginnie Mae II Pool MA3600
5.00%		04/20/46			17,164,095		18,134,939
Ginnie Mae II Pool MA3663
3.50%		05/20/46			65,616,805		66,131,809
Ginnie Mae II Pool MA3665
4.50%		05/20/46			273,431		284,731
Ginnie Mae II Pool MA3666
5.00%		05/20/46			9,429,733		9,842,731
Ginnie Mae II Pool MA3738
4.50%		06/20/46			1,189,932		1,239,109


Issues	Maturity Date		Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
Ginnie Mae II Pool MA3739
5.00%		06/20/46	$	5,639,714	$	5,959,979
Ginnie Mae II Pool MA3805
4.50%		07/20/46		9,536,045		9,930,152
Ginnie Mae II Pool MA3806
5.00%		07/20/46		416,427		439,974
Ginnie Mae II Pool MA3876
4.50%		08/20/46		10,042,602		10,473,335
Ginnie Mae II Pool MA3877
5.00%		08/20/46		2,002,798		2,141,137
Ginnie Mae II Pool MA3937
3.50%		09/20/46		51,817,754		52,290,760
Ginnie Mae II Pool MA3939
4.50%		09/20/46		5,406,575		5,752,450
Ginnie Mae II Pool MA4003
3.00%		10/20/46		26,925,753		26,571,300
Ginnie Mae II Pool MA4006
4.50%		10/20/46		6,039,775		6,315,811
Ginnie Mae II Pool MA4007
5.00%		10/20/46		12,203,067		12,740,288
Ginnie Mae II Pool MA4069
3.50%		11/20/46		161,918,946		163,398,986
Ginnie Mae II Pool MA4071
4.50%		11/20/46		17,863,242		18,805,460
Ginnie Mae II Pool MA4072
5.00%		11/20/46		2,947,696		3,147,191
Ginnie Mae II Pool MA4126
3.00%		12/20/46		447,025,984		440,861,898
Ginnie Mae II Pool MA4127
3.50%		12/20/46		168,168,499		169,705,665
Ginnie Mae II Pool MA4129
4.50%		12/20/46		51,873,269		54,146,776
Ginnie Mae II Pool MA4198
4.50%		01/20/47		471,058		489,389
Ginnie Mae II Pool MA4199
5.00%		01/20/47		9,807,315		10,361,503
Ginnie Mae II Pool MA4264
4.50%		02/20/47		153,936,571		160,034,854
Ginnie Mae II Pool MA4265
5.00%		02/20/47		2,701,212		2,815,130
Ginnie Mae II Pool MA4324
5.00%		03/20/47		14,929,218		15,586,453
Ginnie Mae II Pool MA4382
3.50%		04/20/47		121,519,029		122,364,062
Ginnie Mae II Pool MA4384
4.50%		04/20/47		7,801,506		8,110,591
Ginnie Mae II Pool MA4385
5.00%		04/20/47		25,784,968		26,920,110


Issues	Maturity Date		Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
Ginnie Mae II Pool MA4453
4.50%		05/20/47	$	417,120,896	$	433,639,989
Ginnie Mae II Pool MA4454
5.00%		05/20/47		58,841,708		61,383,854
Ginnie Mae II Pool MA4511
4.00%		06/20/47		340,247		348,870
Ginnie Mae II Pool MA4512
4.50%		06/20/47		1,465,129		1,522,933
Ginnie Mae II Pool MA4513
5.00%		06/20/47		1,180,288		1,231,280
Ginnie Mae II Pool MA4586
3.50%		07/20/47		203,401,542		204,947,876
Ginnie Mae II Pool MA4589
5.00%		07/20/47		59,440,222		61,951,139
Ginnie Mae II Pool MA4652
3.50%		08/20/47		1,435,783		1,446,746
Ginnie Mae II Pool MA4655
5.00%		08/20/47		70,297,775		73,323,033
Ginnie Mae II Pool MA4719
3.50%		09/20/47		146,490,014		147,603,685
Ginnie Mae II Pool MA4722
5.00%		09/20/47		1,370,233		1,429,269
Ginnie Mae II Pool MA4781
5.00%		10/20/47		18,468,492		19,264,311
Ginnie Mae II Pool MA4836
3.00%		11/20/47		408,373,840		402,264,184
Ginnie Mae II Pool MA4838
4.00%		11/20/47		180,985,225		185,571,814
Ginnie Mae II Pool MA4840
5.00%		11/20/47		5,052,458		5,269,805
Ginnie Mae II Pool MA4961
3.00%		01/20/48		1,133,518		1,116,560
Ginnie Mae, Series 2000-22, Class SG (IO)
(-1.00 X LIBOR USD 1-Month plus 10.80%, 10.80% Cap)
8.34%		05/16/30²		3,917		85
Ginnie Mae, Series 2003-86, Class ZK
5.00%		10/20/33		8,666,705		9,271,818
Ginnie Mae, Series 2007-35, Class PY (IO)
(-1.00 X LIBOR USD 1-Month plus 6.75%, 6.75% Cap)
4.29%		06/16/37²		16,402,117		2,533,148
Ginnie Mae, Series 2009-106, Class SD (IO)
(-1.00 X LIBOR USD 1-Month plus 6.25%, 6.25% Cap)
3.78%		03/20/36²		13,358,858		1,303,989
Ginnie Mae, Series 2009-106, Class XI (IO)
(-1.00 X LIBOR USD 1-Month plus 6.80%, 6.80% Cap)
4.33%		05/20/37²		33,686,326		4,326,422
Ginnie Mae, Series 2009-124, Class SC (IO)


Issues	Maturity Date		Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
(-1.00 X LIBOR USD 1-Month plus 6.48%, 6.48% Cap)
4.01%		12/20/39²	$	5,535,110	$	931,561
Ginnie Mae, Series 2009-17, Class P
4.00%		08/16/38		11,060		11,131
Ginnie Mae, Series 2009-66, Class XS (IO)
(-1.00 X LIBOR USD 1-Month plus 6.80%, 6.80% Cap)
4.34%		07/16/39²		59,598		6,210
Ginnie Mae, Series 2009-8, Class PS (IO)
(-1.00 X LIBOR USD 1-Month plus 6.30%, 6.30% Cap)
3.84%		08/16/38²		96,847		8,020
Ginnie Mae, Series 2010-4, Class SL (IO)
(-1.00 X LIBOR USD 1-Month plus 6.40%, 6.40% Cap)
3.94%		01/16/40²		69,721		10,436
Ginnie Mae, Series 2010-4, Class SM (IO)
(-1.00 X LIBOR USD 1-Month plus 5.80%, 5.80% Cap)
3.34%		01/16/40²		12,676,560		1,597,307
Ginnie Mae, Series 2010-6, Class BS (IO)
(-1.00 X LIBOR USD 1-Month plus 6.50%, 6.50% Cap)
4.04%		09/16/39²		3,601,764		274,448
Ginnie Mae, Series 2011-146, Class EI (IO)
5.00%		11/16/41		161,254		33,528
Ginnie Mae, Series 2013-113, Class LY
3.00%		05/20/43		51,184,000		48,733,054
Ginnie Mae, Series 2018-124, Class NW
3.50%		09/20/48		2,196,122		2,216,400
NCUA Guaranteed Notes Trust, Series 2010-R1, Class 1A
(LIBOR USD 1-Month plus 0.45%)
2.97%		10/07/20²		10,110,238		10,113,404
NCUA Guaranteed Notes Trust, Series 2010-R3, Class 1A
(LIBOR USD 1-Month plus 0.56%)
2.94%		12/08/20²		7,501,561		7,523,329
NCUA Guaranteed Notes Trust, Series 2010-R3, Class 2A
(LIBOR USD 1-Month plus 0.56%)
2.94%		12/08/20²		20,164,129		20,194,480


						21,436,540,857

Total Mortgage-Backed
(Cost $28,778,168,818)						28,669,921,124


Issues	Maturity Date		Principal Amount		Value

MUNICIPAL BONDS — 0.73%*
California — 0.26%
Los Angeles Department of Water & Power, Build America Bonds, Series SY
6.01%		07/01/39		$ 350,000		$ 425,576
Los Angeles Department of Water & Power, Electric Light and Power Improvements, Series C
5.52%		07/01/27		12,625,000		14,688,556
San Jose Redevelopment Agency Successor Agency, Series A-T
3.08%		08/01/25		3,250,000		3,216,395
3.18%		08/01/26		450,000		443,880
3.23%		08/01/27		11,865,000		11,645,260
State of California, Build America Bonds
6.65%		03/01/22		4,245,000		4,649,676
7.95%		03/01/36		77,500,000		81,839,225
State of California, Build America Bonds, Various Purpose
7.50%		04/01/34		3,885,000		5,304,812
State of California, Taxable, Miscellaneous Revenue Bonds, Series B
2.19%		04/01/47		17,800,000		17,676,646
State of California, Taxable, Various Purpose
6.20%		03/01/19		10,680,000		10,738,420
University of California, Taxable Revenue Bonds, Series AP
3.93%		05/15/45		30,040,000		29,261,363


						179,889,809

New Jersey — 0.00%
Jersey City Municipal Utilities Authority
5.47%		05/15/27		400,000		441,956
New Jersey Turnpike Authority
3.73%		01/01/36		300,000		291,906


						733,862

New York — 0.46%
City of New York, Build America Bonds
4.77%		10/01/23		4,420,000		4,792,871
5.05%		10/01/24		13,820,000		15,070,710
5.21%		10/01/31		6,420,000		7,290,552
5.52%		10/01/37		6,075,000		7,173,117
5.82%		10/01/31		220,000		230,085
5.99%		12/01/36		14,055,000		17,028,616
City of New York, Build America Bonds, Series F1
6.65%		12/01/31		46,470,000		49,504,491
Fiscal Year 2005 Securitization Corp., Special Obligation, Series B
4.93%		04/01/20		15,000		15,118
New York City Municipal Water Finance Authority, Build America Bonds, Series SE
6.49%		06/15/42		3,555,000		3,719,241


Issues	Maturity Date		Principal Amount		Value

MUNICIPAL BONDS (continued)
New York (continued)
New York City Transitional Finance Authority Future Tax Secured Revenue
3.73%		08/01/29	$	22,505,000	$	22,661,410
New York City Transitional Finance Authority Future Tax Secured Revenue Bonds, Public Improvements, Subseries F-2
2.90%		05/01/26		7,235,000		6,996,824
New York City Transitional Finance Authority Revenue, Future Tax Secured Revenue, Build America Bonds
5.51%		08/01/37		25,000,000		29,419,750
New York City Transitional Finance Authority Revenue, Future Tax Secured Revenue, Qualified School Construction Bonds
5.01%		08/01/27		5,225,000		5,776,917
New York City Transitional Finance Authority Revenue, Future Tax Secured Revenue, Qualified School Construction Bonds, Series G-3
5.27%		05/01/27		13,135,000		14,739,703
New York City Water and Sewer Authority, Build America, Taxable Bonds
5.88%		06/15/44		5,505,000		7,079,320
New York City Water and Sewer Authority, Build America, Taxable Bonds, Series SE
6.01%		06/15/42		3,945,000		5,105,895
New York State Dormitory Authority, Taxable, Build America Bonds
5.43%		03/15/39		21,400,000		24,992,204
New York State Dormitory Authority, Build America Bonds
5.29%		03/15/33		44,990,000		51,502,303
5.50%		03/15/30		21,430,000		24,572,281
New York State Urban Development Corp., Economic Improvements, Revenue Bonds, Series D-2
3.32%		03/15/29		18,330,000		17,922,891
New York State Urban Development Corp., Personal Income Tax, Series SE
3.20%		03/15/22		5,870,000		5,910,679


						321,504,978

Texas — 0.01%
Texas Transportation Commission State Highway Fund, Taxable, Fuel Sales Revenue Bonds, Series B
5.18%		04/01/30		3,075,000		3,498,458

Total Municipal Bonds
(Cost $509,247,547)						505,627,107


Issues	Maturity Date			Principal Amount			Value
U.S. TREASURY SECURITIES — 13.83%
U.S. Treasury Bonds — 7.58%
U.S. Treasury Bonds
2.50%		02/15/46			$	332,510,000		$	300,220,153
3.00%		08/15/48				511,990,000			509,720,046
U.S. Treasury Bonds - Treasury Inflation Indexed Bonds
1.00%		02/15/48	¹⁰			448,287,178			425,375,646
U.S. Treasury Bonds (WI)
3.38%		11/15/48				3,764,510,000			4,026,628,728


									5,261,944,573

U.S. Treasury Notes — 6.25%
U.S. Treasury Notes
2.63%		12/31/23				369,330,000			371,299,279
2.75%		09/30/20				171,012,000			171,683,355
2.88%		09/30/23				133,061,000			135,238,168
2.88%		10/31/23				1,204,626,000			1,224,903,277
U.S. Treasury Notes - Treasury Inflation Indexed Notes
0.13%		07/15/24	¹⁰			178,723,845			171,433,203
0.38%		07/15/25	¹⁰			167,093,605			161,193,112
0.75%		07/15/28	¹⁰			563,031,994			551,478,110
U.S. Treasury Notes (WI)
3.13%		11/15/28				1,494,830,000			1,550,798,543


									4,338,027,047

Total U.S. Treasury Securities
(Cost $9,340,861,478)									9,599,971,620


Total Bonds – 98.09%
(Cost $68,462,881,872)									68,097,081,567



Issues				Shares			Value
COMMON STOCK — 0.02%
Electric — 0.02%
Homer City Holdings LLC^3,4,5,6						1,180,703			10,035,976

Total Common Stock
(Cost $65,187,440)

Purchased Options - 0.00%
(Cost $6,284,230)									437,500


Issues	Maturity Date		Principal Amount/ Shares		Value
SHORT-TERM INVESTMENTS — 5.04%

Commercial Paper — 0.22%
Ford Motor Credit Co.
3.07%¹¹		04/04/19	$	28,825,000	$	28,573,764
3.07%¹¹		04/05/19		125,000,000		123,898,924


						152,472,688


Foreign Government Obligations — 2.02%
Japan Treasury Discount Bill, Series 786 (Japan)
0.00%^1,11		01/09/19		42,250,000,000		385,095,955
Japan Treasury Discount Bill, Series 791 (Japan)
0.00%^1,11		01/28/19		38,585,000,000		351,716,263
Japan Treasury Discount Bill, Series 793 (Japan)
0.00%^1,11		02/12/19		35,855,000,000		326,849,951
Japan Treasury Discount Bill, Series 796 (Japan)
0.00%^1,11		02/25/19		37,380,000,000		340,768,706


						1,404,430,875


Money Market Funds — 0.95%
Fidelity Investments Money Market Funds - Government Portfolio
2.24%^12,13				23,650,024		23,650,024
Morgan Stanley Institutional Liquidity Funds-Government Portfolio
2.30%¹²				633,384,000		633,384,000


						657,034,024


U.S. Agency Discount Notes — 0.50%
Federal Home Loan Bank
2.39%¹¹		03/05/19	$	150,000,000		149,368,815
2.40%¹¹		02/08/19		200,000,000		199,512,100


						348,880,915


U.S. Treasury Bills — 1.35%
U.S. Treasury Bills
2.17%¹¹		01/31/19		212,891,000		212,499,134
2.23%¹¹		01/03/19		36,000,000		35,997,784
2.25%¹¹		01/10/19		20,000,000		19,990,006
2.28%¹¹		01/17/19		10,000,000		9,990,500


Issues	Maturity Date		Principal Amount/ Shares		Value
SHORT-TERM INVESTMENTS (continued)
U.S. Treasury Bills (continued)
2.37%¹¹		04/04/19	$	300,979,000	$	299,116,650
2.38%^11,14		03/28/19		113,224,000		112,591,420
U.S. Treasury Bills (WI)
2.43%¹¹		04/11/19		250,000,000		248,351,718


						938,537,212


Total Short-Term Investments
(Cost $3,459,996,677)						3,501,355,714


Total Investments Before Written Options – 103.15%
(Cost $71,994,350,219)						71,608,910,757


Written Options - 0.00%
(Cost $(1,417,120))						(187,500	)


Liabilities in Excess of Other
Assets – (3.15)%						(2,187,277,010	)


Net Assets – 100.00%					$	69,421,446,247

¹	U.S. dollar-denominated security issued by foreign-domiciled entity.

²	Floating rate security. The rate disclosed was in effect at December 31, 2018.

³	Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

⁴	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

⁵	Illiquid security as determined under procedures approved by the Board of Trustees. The aggregate value of illiquid securities is $66,152,938, which is 0.10% of total net assets.

⁶	Non-income producing security.

⁷	Security is currently in default with regard to scheduled interest or principal payments.

⁸	Variable rate security. Interest rate disclosed is as of the most recent information available. 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.

⁹	Zero coupon bond. The rate shown is the effective yield as of December 31, 2018.

¹⁰	Inflation protected security. Principal amount reflects original security face amount.

¹¹	Represents annualized yield at date of purchase.

¹²	Represents the current yield as of December 31, 2018.

¹³	Securities, or a portion thereof, pledged as collateral for swaps and foreign currency exchange contracts. The total market value of collateral pledged for swaps is $23,650,000.

¹⁴	Securities, or a portion thereof, pledged as collateral for futures and options. The total market value of collateral pledged for futures is $112,277,921. The total market value of collateral pledged for options is $141,205.

^†

Fair valued security. The aggregate value of fair valued securities is $132,891,078, which is 0.19% of total net assets. These securities were not valued utilizing an independent quote but were valued pursuant to guidelines established by the Board of Trustees. This figure represents securities that are priced using a benchmark pricing system and securities that have been deemed permanently stale. See Notes to Financial Statements.

*	Securities with a call or reset feature will have an effective maturity date sooner than the stated maturity.

**	Securities backed by mortgage or consumer loans where payment is periodically made will have an effective maturity date sooner than the stated maturity date.

(BKNT): Banker’s Note, Inc.

(CLO): Collateralized loan obligation

(EMTN): Euro medium-term note

(GMTN): Global medium-term note

(IO): Interest only

(JPY): Japanese Yen

(LIBOR): London InterBank Offer Rate

(MTN): Medium-term Note

(PO): Principal only

(SOFR): Secured Overnight Financing Rate

(STEP): Step coupon bond

(TBA): To be announced

(USD): U.S. dollar

(WI): When issued


Issues	Maturity Date			Principal Amount		Value

BONDS – 80.78%
ASSET-BACKED SECURITIES — 2.13%*
Nelnet Student Loan Trust, Series 2012-5A, Class A
(LIBOR USD 1-Month plus 0.60%)
3.11%		10/27/36	^1,2	$	120,219	$	119,860
SLM Student Loan Trust, Series 2003-10A, Class A3
(LIBOR USD 3-Month plus 0.47%)
3.26%		12/15/27	^1,2		393,639		393,432
SLM Student Loan Trust, Series 2003-14, Class A6
(LIBOR USD 3-Month plus 0.30%)
2.79%		07/25/25	¹		372,210		371,451
SLM Student Loan Trust, Series 2005-8, Class A4
(LIBOR USD 3-Month plus 0.55%)
3.04%		01/25/28	¹		407,682		408,166
SLM Student Loan Trust, Series 2007-6, Class A4
(LIBOR USD 3-Month plus 0.38%)
2.87%		10/25/24	¹		375,248		375,422
SLM Student Loan Trust, Series 2007-8, Class A4
(LIBOR USD 3-Month plus 0.47%)
2.96%		01/26/26	¹		260,128		260,756
SLM Student Loan Trust, Series 2011-1, Class A1
(LIBOR USD 1-Month plus 0.52%)
3.03%		03/25/26	¹		273,328		273,923
SLM Student Loan Trust, Series 2013-4, Class A
(LIBOR USD 1-Month plus 0.55%)
3.06%		06/25/43	¹		159,165		158,621


Total Asset-Backed Securities
(Cost $2,363,797)							2,361,631


CORPORATES — 25.42%**
Banking — 5.76%
Bank of America Corp.
7.63%		06/01/19			500,000		509,004
Bank of America Corp. (GMTN)
2.37%		07/21/21	³		250,000		245,739
Bank of New York Mellon Corp., (The) Series G
2.20%		05/15/19			500,000		498,957
JPMorgan Chase & Co.
(LIBOR USD 3-Month plus 0.68%)
3.42%		06/01/21	¹		400,000		397,706
(LIBOR USD 3-Month plus 1.00%)
3.44%		01/15/23	¹		200,000		198,223


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Banking (continued)
JPMorgan Chase Bank N.A. (BKNT)
3.09%		04/26/21	³	$	250,000	$	249,417
(LIBOR USD 3-Month plus 0.25%)
2.87%		02/13/20	¹		515,000		514,402
(LIBOR USD 3-Month plus 0.29%)
2.83%		02/01/21	¹		500,000		496,614
Lloyds Bank PLC (United Kingdom)
2.40%		03/17/20	⁴		350,000		345,266
Lloyds Bank PLC (United Kingdom) (MTN)
5.80%		01/13/20	^2,4		150,000		153,566
Santander UK PLC (United Kingdom)
2.50%		03/14/19	⁴		450,000		449,930
US Bank N.A. (BKNT)
3.05%		07/24/20			550,000		549,473
Wells Fargo Bank N.A. (BKNT)
2.40%		01/15/20			1,000,000		991,362
3.33%		07/23/21	³		275,000		274,794
(SOFR Rate plus 0.48%)
2.93%		03/25/20	¹		500,000		498,609


							6,373,062

Communications — 1.13%
21st Century Fox America, Inc.
6.90%		03/01/19			650,000		653,756
Discovery Communications LLC
2.75%		11/15/19	²		200,000		198,756
Sprint Spectrum Co. LLC/Sprint Spectrum
Co. II LLC/Sprint Spectrum Co. III LLC
3.36%		09/20/21	²		405,625		400,048


							1,252,560

Consumer Discretionary — 0.56%
Constellation Brands, Inc.
2.00%		11/07/19			200,000		197,578
(LIBOR USD 3-Month plus 0.70%)
3.21%		11/15/21	¹		125,000		123,553
Molson Coors Brewing Co.
1.45%		07/15/19			300,000		297,081


							618,212

Consumer Products — 0.23%
Newell Brands, Inc.
2.60%		03/29/19			250,000		249,681

Electric — 1.02%
Nevada Power Co.
7.13%		03/15/19			200,000		201,673
NextEra Energy Capital Holdings, Inc.
(LIBOR USD 3-Month plus 0.55%)
3.26%		08/28/21	¹		250,000		246,926


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Electric (continued)
Progress Energy, Inc.
7.05%		03/15/19		$	425,000	$	428,250
Union Electric Co.
6.70%		02/01/19			250,000		250,638


							1,127,487

Energy — 0.27%
Rockies Express Pipeline LLC
6.00%		01/15/19	²		300,000		300,068

Finance — 4.94%
AerCap Ireland Capital DAC/AerCap Global
Aviation Trust (Ireland)
4.63%		10/30/20	⁴		200,000		201,367
American Express Credit Corp. (GMTN)
2.25%		08/15/19			300,000		298,663
BMW U.S. Capital LLC
(LIBOR USD 3-Month plus 0.38%)
3.18%		04/06/20	^1,2		375,000		373,108
Citigroup, Inc.
8.50%		05/22/19			1,050,000		1,071,982
(LIBOR USD 3-Month plus 0.95%)
3.44%		07/24/23	¹		308,000		300,925
Daimler Finance North America LLC
1.75%		10/30/19	²		200,000		197,365
Ford Motor Credit Co. LLC
2.38%		03/12/19			200,000		199,462
2.60%		11/04/19			500,000		494,167
(LIBOR USD 3-Month plus 0.79%)
3.57%		06/12/20	¹		250,000		246,536
GE Capital International Funding Co.
(Ireland)
2.34%		11/15/20	⁴		310,000		299,189
General Motors Financial Co., Inc.
3.10%		01/15/19			400,000		399,963
Morgan Stanley (GMTN)
5.50%		07/24/20			500,000		515,630
7.30%		05/13/19			350,000		355,346
Morgan Stanley (MTN)
5.63%		09/23/19			500,000		507,654


							5,461,357

Food — 1.56%
Campbell Soup Co.
(LIBOR USD 3-Month plus 0.50%)
3.29%		03/16/20	¹		240,000		237,907
Conagra Brands, Inc.
(LIBOR USD 3-Month plus 0.50%)
3.30%		10/09/20	¹		325,000		321,440
(LIBOR USD 3-Month plus 0.75%)


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Food (continued)
3.22%		10/22/20	¹	$	200,000	$	199,490
Danone SA (France)
1.69%		10/30/19	^2,4		250,000		246,610
Kraft Heinz Foods Co.
(LIBOR USD 3-Month plus 0.42%)
3.02%		08/09/19	¹		350,000		349,157
Mondelez International Holdings
Netherlands BV (Netherlands)
1.63%		10/28/19	^2,4		375,000		370,479


							1,725,083

Health Care — 1.97%
Bayer U.S. Finance LLC
2.38%		10/08/19	²		300,000		298,330
Becton Dickinson and Co.
(LIBOR USD 3-Month plus 0.88%)
3.68%		12/29/20	¹		325,000		321,825
Boston Scientific Corp.
6.00%		01/15/20			200,000		204,751
CVS Health Corp.
2.25%		08/12/19			325,000		323,456
Fresenius Medical Care U.S. Finance II, Inc.
5.63%		07/31/19	²		250,000		252,851
Humana, Inc.
2.63%		10/01/19			300,000		298,539
Shire Acquisitions Investments Ireland DAC
(Ireland)
1.90%		09/23/19	⁴		250,000		246,540
Zimmer Biomet Holdings, Inc.
(LIBOR USD 3-Month plus 0.75%)
3.55%		03/19/21	¹		240,000		237,828


							2,184,120

Industrials — 1.98%
BAE Systems Holdings, Inc.
6.38%		06/01/19	²		325,000		328,996
Bemis Co., Inc.
6.80%		08/01/19			300,000		306,203
General Electric Co. (GMTN)
2.20%		01/09/20			250,000		246,421
4.63%		01/07/21			310,000		311,048
6.00%		08/07/19			150,000		151,721
General Electric Co. (MTN)
5.55%		05/04/20			125,000		127,024
United Technologies Corp.
(LIBOR USD 3-Month plus 0.65%)
3.28%		08/16/21	¹		250,000		249,154


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Industrials (continued)
WestRock RKT Co.
4.45%		03/01/19		$	475,000	$	475,792


							2,196,359

Information Technology — 1.06%
Analog Devices, Inc.
2.85%		03/12/20			120,000		119,613
Apple, Inc.
1.70%		02/22/19			435,000		434,406

Broadcom Corp./Broadcom Cayman Finance Ltd.
2.38%		01/15/20			375,000		370,397
Dell International LLC/EMC Corp.
3.48%		06/01/19	²		250,000		249,286


							1,173,702

Materials — 0.41%
Georgia-Pacific LLC
2.54%		11/15/19	²		250,000		248,900
LyondellBasell Industries NV (Netherlands)
5.00%		04/15/19	⁴		200,000		200,221


							449,121

Real Estate Investment Trust (REIT) — 3.60%
Alexandria Real Estate Equities, Inc.
2.75%		01/15/20			300,000		297,732
American Campus Communities Operating Partnership LP
3.35%		10/01/20			400,000		398,543
American Tower Corp.
3.40%		02/15/19			350,000		349,930
GLP Capital LP/GLP Financing II, Inc.
4.88%		11/01/20			375,000		378,701
HCP, Inc.
2.63%		02/01/20			650,000		646,505
Reckson Operating Partnership LP
7.75%		03/15/20			250,000		263,984
UDR, Inc.
3.70%		10/01/20			500,000		502,137
VEREIT Operating Partnership LP
3.00%		02/06/19			250,000		249,914
WEA Finance LLC/Westfield UK & Europe Finance PLC
2.70%		09/17/19	²		300,000		298,469
Welltower, Inc.
4.13%		04/01/19			500,000		500,256
6.13%		04/15/20			100,000		103,187


							3,989,358


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Retail — 0.76%
Alimentation Couche-Tard, Inc. (Canada)
2.35%		12/13/19	^2,4	$	300,000	$	297,270
Dollar Tree, Inc.
(LIBOR USD 3-Month plus 0.70%)
3.15%		04/17/20	¹		300,000		298,143
Walgreens Boots Alliance, Inc.
2.70%		11/18/19			250,000		248,607


							844,020

Transportation — 0.17%
Continental Airlines Pass-Through Trust, Series 2000-1, Class A1
8.05%		11/01/20			178,694		185,592

Total Corporates
(Cost $28,231,094)							28,129,782


MORTGAGE-BACKED — 25.74%*

Non-Agency Commercial
Mortgage-Backed — 0.06%
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2006-LDP9, Class A3S
5.24%		05/15/47	²		61,648		61,377


Non-Agency Mortgage-Backed — 2.32%
Aames Mortgage Trust, Series 2002-1, Class A3
(STEP-reset date 02/25/19)
7.40%		06/25/32			23,940		23,885
Adjustable Rate Mortgage Trust, Series 2005-1, Class 1A1
4.13%		05/25/35	³		143,243		136,490
Banc of America Funding Trust, Series 2003-2, Class 1A1
6.50%		06/25/32			4,752		5,003
Citigroup Mortgage Loan Trust, Inc., Series 2004-HYB1, Class A41
3.49%		02/25/34	³		54,309		52,967
Countrywide Alternative Loan Trust, Series 2004-J6, Class 2A1
6.50%		11/25/31			74,284		77,526
Credit Suisse First Boston Mortgage Securities Corp., Series 2002-AR31, Class 4A2
4.84%		11/25/32	³		24,128		23,309
DSLA Mortgage Loan Trust, Series 2004-AR3, Class 2A2A
(LIBOR USD 1-Month plus 0.74%)
3.21%		07/19/44	¹		173,739		173,901
First Franklin Mortgage Loan Trust, Series 2006-FF10, Class A4


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
(LIBOR USD 1-Month plus 0.15%)
2.66%		07/25/36	¹	$	182,409	$	182,396
Fremont Home Loan Trust, Series 2005-C,
Class M1
(LIBOR USD 1-Month plus 0.72%)
3.23%		07/25/35	¹		23,140		23,209
GE Mortgage Services LLC,Series 1998-HE1, Class A7
6.47%		06/25/28			9		8
IndyMac Index Mortgage Loan Trust, Series 2004-AR12, Class A1 ,
(LIBOR USD 1-Month plus 0.78%)
3.29%		12/25/34	¹		437,209		390,853
IndyMac Index Mortgage Loan Trust, Series 2004-AR6, Class 6A1
4.57%		10/25/34	³		141,241		137,095
JPMorgan Mortgage Trust, Series 2005-A2,Class 9A1
3.75%		04/25/35	³		185,461		189,318
MASTR Adjustable Rate Mortgages Trust, Series 2004-1, Class 2A1
4.87%		01/25/34	³		11,866		11,820
MASTR Adjustable Rate Mortgages Trust, Series 2004-12, Class 5A1
4.50%		10/25/34	³		289,124		294,392
MASTR Adjustable Rate Mortgages Trust, Series 2004-5, Class 3A1
3.62%		06/25/34	³		5,904		5,446
MASTR Adjustable Rate Mortgages Trust, Series 2007-2, Class A2⁵
0.00%		03/25/47	^6,7,8		4,000,000		—
MASTR Seasoned Securitization Trust, Series 2004-1, Class 4A1
4.62%		10/25/32	³		42,042		42,658
Merrill Lynch Mortgage Investors Trust, Series 2003-A1, Class 2A
(LIBOR USD 12-Month plus 1.63%)
4.74%		12/25/32	¹		169,313		169,564
Morgan Stanley ABS Capital I Trust, Series 2006-NC1, Class A4
(LIBOR USD 1-Month plus 0.30%)
2.81%		12/25/35	¹		157,928		157,485
Residential Asset Mortgage Products Trust, Series 2004-SL1, Class A2
8.50%		11/25/31			34,570		5,666
Residential Asset Mortgage Products Trust, Series 2004-SL1, Class A8
6.50%		11/25/31			49,592		51,628
Residential Asset Securitization Trust, Series 2004-IP2, Class 2A1
4.38%		12/25/34	³		118,965		118,966


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Terwin NIMs Trust, Series 2004-13AL, Class 2PX (IO)
0.34%		08/25/34	^2,6,7	$	2,109,138	$	30,889
WaMu Mortgage Pass-Through Certificates, Series 2002-AR6, Class A
(Federal Reserve US 12-Month Cumulative Average plus 1.40%)
3.56%		06/25/42	¹		29,504		28,582
WaMu Mortgage Pass-Through Certificates, Series 2003-AR6, Class A1
4.22%		06/25/33	³		77,522		78,338
WaMu Mortgage Pass-Through Certificates, Series 2005-4, Class CB13
(LIBOR USD 1-Month plus 0.50%)
3.01%		06/25/35	¹		188,378		160,948


							2,572,342

U.S. Agency Commercial
Mortgage-Backed — 2.53%
Fannie Mae-Aces, Series 2014-M12, Class FA
(LIBOR USD 1- Month plus 0.30%)
2.60%		10/25/21	¹		62,821		62,859
Fannie Mae-Aces, Series 2016-M6, Class ASQ2
1.79%		06/25/19			1,137		1,131
Fannie Mae-Aces, Series 2017-M11, Class FA
(LIBOR USD 1-Month plus 0.47%)
2.77%		09/25/24	¹		375,224		375,701
Freddie Mac Multifamily Structured
Pass-Through Certificates, Series KF34, Class A
(LIBOR USD 1-Month plus 0.36%)
2.71%		08/25/24	¹		177,077		176,275
Freddie Mac Multifamily Structured Pass-Through Certificates, Series J15F, Class A1
2.36%		07/25/20			298,598		297,443
Freddie Mac Multifamily Structured
Pass-Through Certificates, Series K010, Class A1
3.32%		07/25/20			32,662		32,622
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K717, Class A1
2.34%		02/25/21			170,838		170,216
Freddie Mac Multifamily Structured
Pass-Through Certificates, Series KF05, Class A
(LIBOR USD 1-Month plus 0.35%)
2.70%		09/25/21	¹		100,814		100,625


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
U.S. Agency Commercial
Mortgage-Backed (continued)
Freddie Mac Multifamily Structured
Pass-Through Certificates, Series KP02, Class A2
2.36%		04/25/21	³	$	766,547	$	763,011
Freddie Mac Multifamily Structured
Pass-Through Certificates, Series Q004, Class AFL
(Federal Reserve US 12-Month Cumulative Average plus 0.74%)
2.90%		10/25/21	¹		452,533		452,895
NCUA Guaranteed Notes Trust, Series 2011-C1, Class 2A
(LIBOR USD 1-Month plus 0.53%)
3.05%		03/09/21	¹		361,240		361,409


							2,794,187

U.S. Agency Mortgage-Backed — 20.83%
Fannie Mae Pool 111643
(US Treasury Yield Curve Rate T Note Constant Maturity 3 Year plus 1.57%)
2.59%		09/01/20	¹		439		438
Fannie Mae Pool 254548
5.50%		12/01/32			129,169		138,253
Fannie Mae Pool 523829
8.00%		11/01/19			6,268		6,281
Fannie Mae Pool 555098
(LIBOR USD 12-Month plus 1.51%)
4.39%		11/01/32	¹		15,927		16,167
Fannie Mae Pool 555424
5.50%		05/01/33			84,675		90,825
Fannie Mae Pool 567002
8.00%		05/01/23			20,602		21,681
Fannie Mae Pool 655133
7.00%		08/01/32			7,556		7,873
Fannie Mae Pool 655151
7.00%		08/01/32			14,383		14,960
Fannie Mae Pool 762525
6.50%		11/01/33			26,915		29,025
Fannie Mae Pool 770900
(LIBOR USD 12-Month plus 1.55%)
3.92%		04/01/34	¹		169,760		173,391
Fannie Mae Pool 893489
(LIBOR USD 12-Month plus 1.62%)
4.37%		09/01/36	¹		29,988		31,275
Fannie Mae Pool AD0538
6.00%		05/01/24			53,967		56,403
Fannie Mae Pool AE0443
6.50%		10/01/39			93,238		100,167
Fannie Mae Pool AL0851


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed
(continued)
6.00%		10/01/40		$	86,052	$	93,915
Fannie Mae REMICS, Series 1993-80, Class S
LIBOR USD 1-Month
7.81%		05/25/23	¹		916		991
Fannie Mae REMICS, Series 2001-42, Class SB
LIBOR USD 1-Month
8.50%		09/25/31	¹		1,575		1,826
Fannie Mae REMICS, Series 2001-60, Class OF
(LIBOR USD 1-Month plus 0.95%)
3.46%		10/25/31	¹		118,518		120,909
Fannie Mae REMICS, Series 2002-30, Class FB
(LIBOR USD 1-Month plus 1.00%)
3.51%		08/25/31	¹		149,770		152,261
Fannie Mae REMICS, Series 2003-124, Class TS
LIBOR USD 1-Month
9.80%		01/25/34	¹		18,805		21,679
Fannie Mae REMICS, Series 2003-134, Class FC
(LIBOR USD 1-Month plus 0.60%)
3.11%		12/25/321			487,516		492,403
Fannie Mae REMICS, Series 2004-60, Class FW
(LIBOR USD 1-Month plus 0.45%)
2.96%		04/25/34	¹		458,814		460,014
Fannie Mae REMICS, Series 2004-79, Class F
(LIBOR USD 1-Month plus 0.30%)
2.81%		08/25/32	¹		26,517		26,517
Fannie Mae REMICS, Series 2004-96, Class MT
LIBOR USD 1-Month
7.00%		12/25/34	¹		10,049		10,662
Fannie Mae REMICS, Series 2005-114, Class PF
(LIBOR USD 1-Month plus 0.38%)
2.88%		08/25/35	¹		579,920		580,256
Fannie Mae REMICS, Series 2006-84, Class WF
(LIBOR USD 1-Month plus 0.30%)
2.81%		02/25/36	¹		68,827		68,820
Fannie Mae REMICS, Series 2007-68, Class SC (IO)
LIBOR USD 1-Month
4.19%		07/25/37	¹		120,607		20,229
Fannie Mae REMICS, Series 2008-47, Class PF


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)

U.S. Agency Mortgage-Backed (continued)
(LIBOR USD 1-Month plus 0.50%)
3.01%		06/25/38	¹	$	6,942	$	6,944
Fannie Mae REMICS, Series 2009-111, Class DA
5.00%		12/25/39			16,478		16,728
Fannie Mae REMICS, Series 2009-33, Class FB
(LIBOR USD 1-Month plus 0.82%)
3.33%		03/25/37	¹		152,362		155,483
Fannie Mae REMICS, Series 2010-109, Class PF
(LIBOR USD 1-Month plus 0.40%)
2.91%		10/25/40	¹		88,613		88,929
Fannie Mae REMICS, Series 2010-26, Class S (IO)
LIBOR USD 1-Month
3.72%		11/25/36	¹		482,019		69,635
Fannie Mae REMICS, Series 2010-35, Class FL
(LIBOR USD 1-Month plus 0.45%)
2.96%		07/25/38	¹		2,762		2,762
Fannie Mae REMICS, Series 2011-124, Class DF
(LIBOR USD 1-Month plus 0.45%)
2.96%		08/25/40	¹		425,260		426,453
Fannie Mae REMICS, Series 2011-71, Class FB
(LIBOR USD 1-Month plus 0.50%)
3.01%		05/25/37	¹		182,184		182,890
Fannie Mae REMICS, Series 2011-8, Class PF
(LIBOR USD 1-Month plus 0.50%)
3.01%		01/25/40	¹		106,663		106,924
Fannie Mae REMICS, Series 2012-19, Class FP
(LIBOR USD 1-Month plus 0.50%)
3.01%		12/25/39	¹		619,593		623,374
Fannie Mae REMICS, Series 2012-33, Class F
(LIBOR USD 1-Month plus 0.52%)
3.03%		04/25/42	¹		634,049		640,397
Fannie Mae REMICS, Series 2013-75, Class FC
(LIBOR USD 1-Month plus 0.25%)
2.76%		07/25/42	¹		625,188		624,988
Fannie Mae REMICS, Series 2014-19, Class FA
(LIBOR USD 1-Month plus 0.40%)
2.91%		11/25/39	¹		268,090		268,171
Fannie Mae REMICS. Series 2004-92, Class FD


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)

U.S. Agency Mortgage-Backed (continued)
(LIBOR USD 1-Month plus 0.35%)
2.86%		05/25/34	¹	$	584,728	$	586,077
Freddie Mac Gold Pool C90474
7.00%		08/01/21			12,672		12,967
Freddie Mac Gold Pool D93410
6.50%		04/01/19			1,149		1,151
Freddie Mac Gold Pool G13107
5.50%		07/01/20			9,053		9,091
Freddie Mac Multifamily Structured
Pass-Through Certificates, Series J22F, Class A1
3.45%		05/25/23			548,700		557,272
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K504, Class A2
2.57%		09/25/20	³		1,192,451		1,188,927
Freddie Mac REMICS, Series 1526, Class L
6.50%		06/15/23			2,221		2,335
Freddie Mac REMICS, Series 2368, Class AF
(LIBOR USD 1-Month plus 0.95%)
3.41%		10/15/31	¹		73,501		74,600
Freddie Mac REMICS, Series 2642, Class BW (IO)
5.00%		06/15/23			693		12
Freddie Mac REMICS, Series 2733, Class FB
(LIBOR USD 1-Month plus 0.60%)
3.06%		10/15/33	¹		883,463		892,650
Freddie Mac REMICS, Series 2763, Class FC
(LIBOR USD 1-Month plus 0.35%)
2.81%		04/15/32	¹		239,281		239,348
Freddie Mac REMICS, Series 2945, Class LD
4.00%		02/15/35			608		607
Freddie Mac REMICS, Series 2990, Class DE
(LIBOR USD 1-Month plus 0.38%)
2.84%		11/15/34	¹		319,387		320,184
Freddie Mac REMICS, Series 2990, Class LE
(LIBOR USD 1-Month plus 0.32%)
2.78%		10/15/34	¹		359,097		359,136
Freddie Mac REMICS, Series 3066, Class PF
(LIBOR USD 1-Month plus 0.30%)
2.76%		04/15/35	¹		591,083		591,190
Freddie Mac REMICS, Series 3085, Class FW


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
(LIBOR USD 1-Month plus 0.70%)
3.16%		08/15/35	¹	$	546,315	$	555,581
Freddie Mac REMICS, Series 3139, Class FL
(LIBOR USD 1-Month plus 0.30%)
2.76%		01/15/36	¹		408,218		408,177
Freddie Mac REMICS, Series 3172, Class FK
(LIBOR USD 1-Month plus 0.45%)
2.91%		08/15/33	¹		102,080		102,142
Freddie Mac REMICS, Series 3196, Class FA
(LIBOR USD 1-Month plus 0.35%)
2.81%		04/15/32	¹		650,959		651,236
Freddie Mac REMICS, Series 3300, Class FA
(LIBOR USD 1-Month plus 0.30%)
2.76%		08/15/35	¹		508,436		507,714
Freddie Mac REMICS, Series 3325, Class NF
(LIBOR USD 1-Month plus 0.30%)
2.76%		08/15/35	¹		102,138		101,993
Freddie Mac REMICS, Series 3652, Class PF
(LIBOR USD 1-Month plus 0.75%)
3.21%		07/15/32	¹		26,996		27,099
Freddie Mac REMICS, Series 3767, Class JF
(LIBOR USD 1-Month plus 0.30%)
2.76%		02/15/39	¹		387,093		387,985
Freddie Mac REMICS, Series 3792, Class DF
(LIBOR USD 1-Month plus 0.40%)
2.86%		11/15/40	¹		173,289		172,146
Freddie Mac REMICS, Series 3806, Class DF
(LIBOR USD 1-Month plus 0.40%)
2.86%		08/15/25	¹		167,987		168,358
Freddie Mac REMICS, Series 3828, Class TF
(LIBOR USD 1-Month plus 0.40%)
2.86%		04/15/29	¹		39,048		39,068
Freddie Mac REMICS, Series 3845, Class FQ
(LIBOR USD 1-Month plus 0.25%)
2.71%		02/15/26	¹		298,471		298,819
Freddie Mac REMICS, Series 3895, Class BF
(LIBOR USD 1-Month plus 0.50%)
2.96%		07/15/41	¹		334,230		336,369


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
Freddie Mac REMICS, Series 3940, Class PF
(LIBOR USD 1-Month plus 0.35%)
2.81%		05/15/40	¹	$	814,013	$	815,274
Freddie Mac REMICS, Series 3946, Class FG
(LIBOR USD 1-Month plus 0.35%)
2.81%		10/15/39	¹		404,358		404,579
Freddie Mac REMICS, Series 4109, Class KF
(LIBOR USD 1-Month plus 0.40%)
2.86%		05/15/32	¹		89,609		89,789
Freddie Mac Strips, Series 263, Class F5
(LIBOR USD 1-Month plus 0.50%)
2.96%		06/15/42	¹		513,906		517,564
Ginnie Mae II Pool 80546 (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 1.50%)
3.13%		10/20/31	¹		10,574		10,970
Ginnie Mae II Pool 80610 (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 1.50%)
3.63%		06/20/32	¹		126,781		131,201
Ginnie Mae II Pool 80614 (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 1.50%)
3.75%		07/20/32	¹		16,460		17,091
Ginnie Mae II Pool 80687 (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 1.50%)
3.63%		04/20/33	¹		113,940		117,996
Ginnie Mae II Pool 8339 (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 1.50%)
3.13%		12/20/23	¹		15,155		15,474
Ginnie Mae II Pool 8684 (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 1.50%)
3.75%		08/20/25	¹		27,096		27,857
Ginnie Mae II Pool MA0331 (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 1.50%)
3.75%		08/20/42	¹		166,257		171,615
Ginnie Mae, Series 2001-22, Class FK
(LIBOR USD 1-Month plus 0.35%)
2.81%		05/16/31	¹		738,098		740,018
Ginnie Mae, Series 2001-51, Class FA
(LIBOR USD 1-Month plus 0.50%)
2.96%		10/16/31	¹		560,081		561,704
Ginnie Mae, Series 2002-16, Class FV


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
(LIBOR USD 1-Month plus 0.40%)
2.86%		02/16/32	¹	$	816,269	$	819,719
Ginnie Mae, Series 2002-72, Class FB
(LIBOR USD 1-Month plus 0.40%)
2.87%		10/20/32	¹		166,634		166,984
Ginnie Mae, Series 2002-72, Class FC
(LIBOR USD 1-Month plus 0.40%)
2.87%		10/20/32	¹		158,926		159,260
Ginnie Mae, Series 2003-42, Class FA
(LIBOR USD 1-Month plus 0.40%)
2.86%		07/16/31	¹		798,575		802,566
Ginnie Mae, Series 2004-2, Class FW
(LIBOR USD 1-Month plus 1.40%)
3.75%		01/16/34	¹		488,287		504,828
Ginnie Mae, Series 2009-66, Class UF
(LIBOR USD 1-Month plus 1.00%)
3.46%		08/16/39	¹		161,136		165,091
Ginnie Mae, Series 2009-92, Class FC
(LIBOR USD 1-Month plus 0.80%)
3.26%		10/16/39	¹		170,270		173,090
Ginnie Mae, Series 2011-70, Class IL (IO)
(LIBOR USD 1-Month plus 7.10%)
0.60%		06/16/37	¹		2,280,926		43,755
Ginnie Mae, Series 2012-10, Class FP
(LIBOR USD 1-Month plus 0.30%)
2.77%		01/20/41	¹		120,658		120,686
Ginnie Mae, Series 2012-13, Class KF
(LIBOR USD 1-Month plus 0.30%)
2.77%		07/20/38	¹		262,595		262,363
NCUA Guaranteed Notes Trust, Series 2010-R1, Class 1A
(LIBOR USD 1-Month plus 0.45%)
2.97%		10/07/20	¹		901,529		901,811
NCUA Guaranteed Notes Trust, Series 2010-R3, Class 1A
(LIBOR USD 1-Month plus 0.56%)
2.94%		12/08/20	¹		575,914		577,586
NCUA Guaranteed Notes Trust, Series 2011-R3, Class 1A
(LIBOR USD 1-Month plus 0.40%)
2.80%		03/11/20	¹		193,389		193,638


							23,055,642

Total Mortgage-Backed
(Cost $28,524,204)							28,483,548


Issues	Maturity Date		Principal Amount		Value
U.S. TREASURY SECURITIES — 27.49%
U.S. Treasury Notes — 27.49%
U.S. Treasury Notes
2.75%		09/30/20	$	21,515,000	$	21,599,463
2.75%		09/15/21		835,000		840,936
2.88%		10/15/21		7,905,000		7,989,608

Total U.S. Treasury Securities
(Cost $30,232,443)						30,430,007


Total Bonds – 80.78%
(Cost $89,351,538)						89,404,968


Issues	Maturity Date		Principal Amount/ Share		Value
SHORT-TERM INVESTMENTS — 19.51%
Commercial Paper — 0.20%
Ford Motor Credit Co.
3.07%		04/04/19		225,000		223,039

Foreign Government Obligations — 2.88%
Japan Treasury Discount Bill, Series 791 (Japan)
0.00%^4,9		01/28/19		350,000,000		3,190,377

Money Market Funds — 2.23%
Morgan Stanley Institutional Liquidity Funds-Government Portfolio
2.30%¹⁰				2,464,000		2,464,000

U.S. Treasury Bills — 14.20%
U.S. Treasury Bills
2.14%⁹		01/10/19		900,000		899,550
2.22%⁹		01/31/19		4,000,000		3,992,637
2.37%⁹		04/04/19		600,000		596,287
2.38%⁹		02/19/19		4,000,000		3,987,367
2.38%^9,11		03/28/19		26,000		25,855
2.38%⁹		04/18/19		1,650,000		1,638,395
U.S. Treasury Bills (WI)
2.43%⁹		04/11/19		4,600,000		4,569,672


						15,709,763

Total Short-Term Investments
(Cost $21,509,114)						21,587,179


Total Investments – 100.29%
(Cost $110,860,652)						110,992,147


Liabilities in Excess of Other
Assets – (0.29)%						(317,107	)


Net Assets – 100.00%					$	110,675,040

¹	Floating rate security. The rate disclosed was in effect at December 31, 2018.

²	Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

³	Variable rate security. Interest rate disclosed is as of the most recent information available. 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.

⁴	U.S. dollar-denominated security issued by foreign-domiciled entity.

⁵	Non-income producing security.

⁶	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

⁷	Illiquid security as determined under procedures approved by the Board of Trustees. The aggregate value of illiquid securities is $30,889, which is 0.03% of total net assets.

⁸	Security is currently in default with regard to scheduled interest or principal payments.

⁹	Represents annualized yield at date of purchase.

¹⁰	Represents the current yield as of December 31, 2018.

¹¹	Securities, or a portion thereof, pledged as collateral for futures. The total market value of collateral pledged is $25,857.

*	Securities backed by mortgage or consumer loans where payment is periodically made will have an effective maturity date sooner than the stated maturity date.

**	Securities with a call or reset feature will have an effective maturity date sooner than the stated maturity.

(BKNT): Banker’s Note, Inc.

(GMTN): Global medium-term note

(IO): Interest only

(JPY): Japanese Yen

(LIBOR): London InterBank Offer Rate

(MTN): Medium-term note

(STEP): Step coupon bond

(SOFR): Secured Overnight Financing Rate

(USD): U.S. dollar

(WI): When issued


Issues	Maturity Date			Principal Amount		Value
BONDS – 95.03%
ASSET-BACKED SECURITIES — 14.88%**
321 Henderson Receivables VI LLC Series 2010-1A, Class B
9.31%		07/15/61	¹	$	394,136	$	463,135
Access Group, Inc., Series 2015-1, Class A
(LIBOR USD 1-Month plus 0.70%)
3.21%		07/25/56	^1,2		4,394,477		4,399,531
AIMCO CLO, Series 2014-AA, Class AR
(Cayman Islands)
(LIBOR USD 3-Month plus 1.10%)
3.57%		07/20/26	^1,2,3		2,674,321		2,664,906
AIMCO CLO, Series 2015-AA, Class AR
(Cayman Islands)
(LIBOR USD 3-Month plus 0.85%)
3.29%		01/15/28	^1,2,3		10,000,000		9,855,000
ARES XXIX CLO Ltd., Series 2014-1A, Class A1R (Cayman Islands)
(LIBOR USD 3-Month plus 1.19%)
3.64%		04/17/26	^1,2,3		5,562,255		5,553,448
Babson CLO Ltd., Series 2016-2A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 1.08%)
3.56%		07/20/28	^1,2,3,†		5,800,000		5,800,120
Babson CLO Ltd., Series 2044-1A, Class A1R (Cayman Islands)
(LIBOR USD 3-Month plus 1.15%)
3.62%		07/20/25	^1,2,3		5,250,688		5,251,139
Barings CLO Ltd., Series 2018-3A, Class A1 (Cayman Islands)
(LIBOR USD 3-Month plus 0.95%)
3.42%		07/20/29	^1,2,3		8,400,000		8,273,009
Bayview Commercial Asset Trust, Series 2004-3, Class A1
(LIBOR USD 1-Month plus 0.56%)
3.06%		01/25/35	^1,2		695,889		688,415
Bayview Commercial Asset Trust, Series 2005-1A, Class A1
(LIBOR USD 1-Month plus 0.30%)
2.81%		04/25/35	^1,2		1,252,906		1,221,055
BlueMountain CLO Ltd., Series 2015-1A, Class A1R (Cayman Islands)
(LIBOR USD 3-Month plus 1.33%)
3.77%		04/13/27	^1,2,3		6,285,000		6,287,724
Brazos Higher Education Authority, Inc., Series 2005-3, Class A16
(LIBOR USD 3-Month plus 0.20%)
3.02%		06/25/26	²		71,099		70,444
Brazos Higher Education Authority, Inc., Series 2011-1, Class A2
(LIBOR USD 3-Month plus 0.80%)
3.48%		02/25/30	²		60,055		60,580


Issues	Maturity Date			Principal Amount		Value
ASSET-BACKED SECURITIES (continued)
CIT Education Loan Trust, Series 2007-1, Class A
(LIBOR USD 3-Month plus 0.09%)
2.91%		03/25/42	^1,2	$	2,971,215	$	2,869,617
CIT Education Loan Trust, Series 2007-1, Class B
(LIBOR USD 3-Month plus 0.30%)
3.12%		06/25/42	^1,2		2,655,775		2,469,669
Dryden 30 Senior Loan Fund, Series 2013-30A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.82%)
3.44%		11/15/28	^1,2,3		7,500,000		7,401,962
Dryden XXV Senior Loan Fund, Series 2012-25A, Class ARR
(Cayman Islands)
(LIBOR USD 3-Month plus 0.90%)
3.34%		10/15/27	^1,2,3		9,500,000		9,431,761
Edsouth Indenture No. 3 LLC, Series 2012-2, Class A
(LIBOR USD 1-Month plus 0.73%)
3.24%		04/25/39	^1,2		165,752		164,747
Education Loan Asset-Backed Trust I, Series 2013-1, Class A2
(LIBOR USD 1-Month plus 0.80%)
3.31%		04/26/32	^1,2		3,465,000		3,483,251
Educational Funding of the South, Inc., Series 2012-1, Class A
(LIBOR USD 1-Month plus 1.05%)
3.56%		03/25/36	²		91,124		91,900
EFS Volunteer No. 2 LLC, Series 2012-1, Class A2
(LIBOR USD 1-Month plus 1.35%)
3.86%		03/25/36	^1,2		6,400,000		6,520,756
Flagship CLO VIII Ltd., Series 2014-8A, Class ARR (Cayman Islands)
(LIBOR USD 3-Month plus 0.85%)
3.29%		01/16/26	^1,2,3		7,950,000		7,921,068
Galaxy XXIX CLO Ltd. (Cayman Islands)
(LIBOR USD 3-Month plus 0.79%)
3.41%		11/15/26	^1,2,3		3,500,000		3,468,468
GCO Education Loan Funding Trust, Series 2006-2AR, Class A1RN
(LIBOR USD 1-Month plus 0.65%)
2.97%		08/27/46	^1,2		2,665,993		2,543,848
Global SC Finance II SRL, Series 2014-1A, Class A2 (Barbados)
3.09%		07/17/29	^1,3		1,418,167		1,391,654
Goal Capital Funding Trust, Series 2006-1, Class B
(LIBOR USD 3-Month plus 0.45%)
3.13%		08/25/42	²		473,297		443,010


Issues	Maturity Date			Principal Amount		Value
ASSET-BACKED SECURITIES (continued)
Higher Education Funding I, Series 2014-1, Class A
(LIBOR USD 3-Month plus 1.05%)
3.74%		05/25/34	^1,2	$	1,686,424	$	1,701,532
J.G. Wentworth XXXVIII LLC, Series 2016-1A, Class A
3.41%		06/15/67	¹		766,971		752,651
J.G. Wentworth XXXVIII LLC, Series 2017-1A, Class A
3.99%		08/16/60	¹		3,834,718		3,899,351
LCM XXI LP, Series 21A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.88%)
3.35%		04/20/28	^1,2,3		3,575,000		3,523,238
Limerock CLO III LLC, Series 2014-3A, Class A1R (Cayman Islands)
(LIBOR USD 3-Month plus 1.20%)
3.67%		10/20/26	^1,2,3		8,000,000		7,984,742
Mill Creek II CLO Ltd., Series 2016-1A, Class A (Cayman Islands)
(LIBOR USD 3-Month plus 1.75%)
4.22%		04/20/28	^1,2,3		5,590,000		5,594,161
Navient Student Loan Trust, Series 2014-1, Class A4
(LIBOR USD 1-Month plus 0.75%)
3.26%		02/25/39	²		3,840,000		3,804,955
Navient Student Loan Trust, Series 2014-8, Class A3
(LIBOR USD 1-Month plus 0.60%)
3.11%		05/27/49	²		6,120,000		6,150,572
Navient Student Loan Trust, Series 2015-1, Class A2
(LIBOR USD 1-Month plus 0.60%)
3.11%		04/25/40	²		8,726,792		8,684,308
Navient Student Loan Trust, Series 2016-2A, Class A3
(LIBOR USD 1-Month plus 1.50%)
4.01%		06/25/65	^1,2		11,200,000		11,591,256
Navient Student Loan Trust, Series 2017-1A, Class A3
(LIBOR USD 1-Month plus 1.15%)
3.66%		07/26/66	^1,2		16,200,000		16,403,786
Navient Student Loan Trust, Series 2017-3A, Class A3
(LIBOR USD 1-Month plus 1.05%)
3.56%		07/26/66	^1,2		18,400,000		18,613,714
Navient Student Loan Trust, Series 2018-3A, Class A3
(LIBOR USD 1-Month plus 0.80%)
3.31%		03/25/67	^1,2		3,500,000		3,462,723
Nelnet Student Loan Trust, Series 2006-2, Class B
(LIBOR USD 3-Month plus 0.20%)


Issues	Maturity Date			Principal Amount		Value
ASSET-BACKED SECURITIES (continued)
2.69%		01/25/38	²	$	4,106,007	$	3,845,629
Nelnet Student Loan Trust, Series 2007-1, Class A3
(LIBOR USD 3-Month plus 0.07%)
2.75%		05/27/25	²		2,037,810		2,030,100
Nelnet Student Loan Trust, Series 2012-5A, Class A
(LIBOR USD 1-Month plus 0.60%)
3.11%		10/27/36	^1,2		134,729		134,326
Nelnet Student Loan Trust, Series 2014-4A, Class A2
(LIBOR USD 1-Month plus 0.95%)
3.46%		11/25/48	^1,2		1,865,000		1,878,073
Nelnet Student Loan Trust, Series 2015-1A, Class A
(LIBOR USD 1-Month plus 0.59%)
3.10%		04/25/46	^1,2		2,595,734		2,574,547
Nelnet Student Loan Trust, Series 2015-3A, Class A3
(LIBOR USD 1-Month plus 0.90%)
3.41%		06/25/54	^1,2		11,000,000		11,007,362
Northstar Education Finance, Inc., Series 2007-1, Class A2
(1.00 X LIBOR USD 3-Month plus 0.75%)
3.26%		01/29/46	²		135,000		133,239
Octagon Investment Partners 25 Ltd., Series 2015-1A, Class AR (Cayman Islands)
(LIBOR USD 3-Month plus 0.80%)
3.27%		10/20/26	^1,2,3		4,910,000		4,853,618
PHEAA Student Loan Trust, Series 2013-3A, Class A
(LIBOR USD 1-Month plus 0.75%)
3.26%		11/25/42	^1,2		4,091,545		4,112,967
Scholar Funding Trust, Series 2011-A, Class A
(LIBOR USD 3-Month plus 0.90%)
3.41%		10/28/43	^1,2		114,083		114,414
Scholar Funding Trust, Series 2012-B, Class A2
(LIBOR USD 1-Month plus 1.10%)
3.61%		03/28/46	^1,2		118,992		119,995
SLC Student Loan Trust, Series 2004-1, Class B
(LIBOR USD 3-Month plus 0.29%)
2.91%		08/15/31	²		613,981		581,496
SLC Student Loan Trust, Series 2005-2, Class A4
(LIBOR USD 3-Month plus 0.16%)
2.95%		12/15/39	²		12,000,000		11,646,776
SLC Student Loan Trust, Series 2005-3, Class A4
(LIBOR USD 3-Month plus 0.15%)
2.94%		12/15/39	²		13,800,000		13,059,769


Issues	Maturity Date			Principal Amount		Value
ASSET-BACKED SECURITIES (continued)
SLC Student Loan Trust, Series 2006-1, Class A6
(LIBOR USD 3-Month plus 0.16%)
2.95%		03/15/55	²	$	13,120,000	$	12,464,832
SLC Student Loan Trust, Series 2008-1, Class A4A
(LIBOR USD 3-Month plus 1.60%)
4.39%		12/15/32	²		3,733,587		3,826,603
SLM Student Loan Trust, Series 2003-12, Class B
(LIBOR USD 3-Month plus 0.59%)
3.38%		03/15/38	²		5,424,896		5,089,650
SLM Student Loan Trust, Series 2003-4, Class A5D
(LIBOR USD 3-Month plus 0.75%)
3.54%		03/15/33	^1,2		2,605,638		2,601,844
SLM Student Loan Trust, Series 2003-7, Class B
(LIBOR USD 3-Month plus 0.57%)
3.36%		09/15/39	²		3,809,046		3,649,374
SLM Student Loan Trust, Series 2004-10, Class B
(LIBOR USD 3-Month plus 0.37%)
2.86%		01/25/40	²		10,888,929		10,385,250
SLM Student Loan Trust, Series 2004-2, Class B
(LIBOR USD 3-Month plus 0.47%)
2.96%		07/25/39	²		660,700		623,723
SLM Student Loan Trust, Series 2006-2, Class A6
(LIBOR USD 3-Month plus 0.17%)
2.66%		01/25/41	²		13,397,930		13,017,835
SLM Student Loan Trust, Series 2006-8, Class A6
(LIBOR USD 3-Month plus 0.16%)
2.65%		01/25/41	²		1,800,000		1,753,386
SLM Student Loan Trust, Series 2007-2, Class B
(LIBOR USD 3-Month plus 0.17%)
2.66%		07/25/25	²		12,800,000		11,637,787
SLM Student Loan Trust, Series 2007-3, Class A4
(LIBOR USD 3-Month plus 0.06%)
2.55%		01/25/22	²		215,000		210,362
SLM Student Loan Trust, Series 2007-3, Class B
(LIBOR USD 3-Month plus 0.15%)
2.64%		01/25/28	²		12,800,000		11,622,116
SLM Student Loan Trust, Series 2007-7, Class B
(LIBOR USD 3-Month plus 0.75%)
3.24%		10/27/70	²		2,195,000		2,057,550


Issues	Maturity Date			Principal Amount		Value
ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Series 2008-2, Class A3
(LIBOR USD 3-Month plus 0.75%)
3.24%		04/25/23	²	$	16,451,970	$	16,350,315
SLM Student Loan Trust, Series 2008-2, Class B
(LIBOR USD 3-Month plus 1.20%)
3.69%		01/25/83	²		1,000,000		956,689
SLM Student Loan Trust, Series 2008-3, Class B
(LIBOR USD 3-Month plus 1.20%)
3.69%		04/26/83	²		710,000		695,950
SLM Student Loan Trust, Series 2008-4, Class A4
(LIBOR USD 3-Month plus 1.65%)
4.14%		07/25/22	²		1,459,106		1,478,411
SLM Student Loan Trust, Series 2008-4, Class B
(LIBOR USD 3-Month plus 1.85%)
4.34%		04/25/73	²		710,000		730,430
SLM Student Loan Trust, Series 2008-5, Class A4
(LIBOR USD 3-Month plus 1.70%)
4.19%		07/25/23	²		13,108,884		13,328,689
SLM Student Loan Trust, Series 2008-5, Class B
(LIBOR USD 3-Month plus 1.85%)
4.34%		07/25/73	²		7,315,000		7,497,938
SLM Student Loan Trust, Series 2008-6, Class A4
(LIBOR USD 3-Month plus 1.10%)
3.59%		07/25/23	²		10,985,683		11,075,920
SLM Student Loan Trust, Series 2008-6, Class B
(LIBOR USD 3-Month plus 1.85%)
4.34%		07/26/83	²		710,000		726,407
SLM Student Loan Trust, Series 2008-7, Class B
(LIBOR USD 3-Month plus 1.85%)
4.34%		07/26/83	²		820,000		836,644
SLM Student Loan Trust, Series 2008-8, Class A4
(LIBOR USD 3-Month plus 1.50%)
3.99%		04/25/23	²		3,204,354		3,262,983
SLM Student Loan Trust, Series 2008-8, Class B
(LIBOR USD 3-Month plus 2.25%)
4.74%		10/25/75	²		735,000		771,803
SLM Student Loan Trust, Series 2008-9, Class A
(LIBOR USD 3-Month plus 1.50%)
3.99%		04/25/23	²		4,559,507		4,586,885

Issues

Maturity

Date

Principal
Amount

Value

ASSET-BACKED SECURITIES (continued)

SLM Student Loan Trust, Series 2008-9, Class B

(LIBOR USD 3-Month plus 2.25%)

4.74%

10/25/83

7,235,000

7,540,640

SLM Student Loan Trust, Series 2009-3, Class A

(LIBOR USD 1-Month plus 0.75%)

3.26%

01/25/45

^1,2

9,376,472

9,333,837

SLM Student Loan Trust, Series 2011-1, Class A2

(LIBOR USD 1-Month plus 1.15%)

3.66%

10/25/34

2,680,000

2,730,581

SLM Student Loan Trust, Series 2011-2, Class A2

(LIBOR USD 1-Month plus 1.20%)

3.71%

10/25/34

4,035,000

4,116,455

SLM Student Loan Trust, Series 2012-1, Class A3

(LIBOR USD 1-Month plus 0.95%)

3.46%

09/25/28

1,027,736

1,030,321

SLM Student Loan Trust, Series 2012-2, Class A

(LIBOR USD 1-Month plus 0.70%)

3.21%

01/25/29

1,500,196

1,491,916

SLM Student Loan Trust, Series 2012-7, Class A3

(LIBOR USD 1-Month plus 0.65%)

3.16%

05/26/26

3,880,142

3,837,022

SLM Student Loan Trust, Series 2012-7,

Class B

(LIBOR USD 1-Month plus 1.80%)

4.31%

09/25/43

2,200,000

2,217,955

SLM Student Loan Trust, Series 2013-4,

Class A

(LIBOR USD 1-Month plus 0.55%)

3.06%

06/25/43

1,424,107

1,419,241

SLM Student Loan Trust, Series 2014-1,

Class A3

(LIBOR USD 1-Month plus 0.60%)

3.11%

02/26/29

1,422,754

1,405,135

SLM Student Loan Trust, Series 2014-2,

Class A3

(LIBOR USD 1-Month plus 0.59%)

3.10%

03/25/55

13,174,702

13,238,319

Structured Receivables Finance LLC,

Series 2010-A, Class B

7.61%

01/16/46

^1,†

1,838,043

2,099,903

Structured Receivables Finance LLC,

Series 2010-B, Class B

7.97%

08/15/36

1,232,604

1,408,968

Student Loan Consolidation Center Student

Loan Trust I, Series 2002-2, Class B2

(28 Day Auction Rate plus 0.00%)0


Issues	Maturity Date			Principal Amount		Value
ASSET-BACKED SECURITIES (continued)
1.61%		07/01/42	^1,2	$	200,000	$	159,925
Voya CLO Ltd., Series 2014-3A, Class A1R
(Cayman Islands)
(LIBOR USD 3-Month plus 0.72%)
3.21%		07/25/26	^1,2,3		3,189,070		3,185,161
Voya CLO Ltd., Series 2015-2A, Class AR
(Cayman Islands)
(LIBOR USD 3-Month plus 0.97%)
3.45%		07/23/27	^1,2,3		8,445,000		8,339,370


Total Asset-Backed Securities
(Cost $445,688,090)							451,843,642


BANK LOANS — 0.92%*
Communications — 0.22%
CSC Holdings LLC, Term Loan
(LIBOR plus 2.25%)
4.75%		01/15/26	²		1,500,000		1,425,000
SBA Senior Finance II LLC, Term Loan
(LIBOR plus 2.00%)
4.53%		04/11/25	²		2,273,575		2,186,190
Sprint Communications, Inc., Term Loan
(LIBOR plus 2.50%)
5.06%		02/02/24	²		496,212		473,471
(LIBOR plus 3.00%)
5.56%		02/02/24	²		1,000,000		970,000
Unitymedia Finance LLC,
Term Loan E
(LIBOR plus 2.00%)
4.46%		06/01/23	²		1,600,000		1,557,640


							6,612,301

Consumer Discretionary — 0.02%
Reynolds Group Holdings, Inc., Term Loan
(LIBOR plus 2.75%)
5.27%		02/05/23	²		806,479		771,050

Electric — 0.07%
Chief Power Finance LLC, Term Loan B
(LIBOR plus 4.75%)
7.28%		12/31/20	^2,4,5		1,408,440		1,317,476
Homer City Generation LP, Term Loan
(LIBOR plus 11.00%)
13.53%		04/05/23	^2,4,5		713,230		685,888


							2,003,364

Energy — 0.04%
Energy Transfer Equity LP, Term Loan
(LIBOR plus 2.00%)
4.52%		02/02/24	²		1,050,000		1,027,310
Vistra Operations Co., LLC, Term Loan B1


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Energy (continued)
(LIBOR plus 2.00%)
4.52%		08/04/23	²	$	114,983	$	111,134


							1,138,444

Finance — 0.10%
Avolon TLB Borrower 1 (US) LLC, Term Loan B3
(LIBOR plus 2.00%)
4.47%		01/15/25	²		461,472		444,697
Delos Finance SARL, Term Loan
(LIBOR plus 1.75%)
4.55%		10/06/23	²		2,652,629		2,587,639


							3,032,336

Gaming — 0.05%
Las Vegas Sands LLC, Term Loan B
(LIBOR plus 1.75%)
4.27%		03/27/25	²		1,588,000		1,521,836

Health Care — 0.16%
Bausch Health Companies, Inc., Term Loan
(LIBOR plus 3.00%)
5.38%		06/02/25	²		2,936,859		2,813,276
Gentiva Health Services, Inc., Term Loan, 1st Lien
(LIBOR plus 3.75%)
6.31%		07/02/25	²		1,462,398		1,422,182
IQVIA, Inc., Term Loan B3
(LIBOR plus 1.75%)
4.27%		06/11/25	²		746,250		723,400


							4,958,858

Industrials — 0.02%
Tyco International Holdings SARL, Term Loan
(LIBOR plus 1.25%)
4.16%		03/02/20	^2,4,5		566,475		564,351

Information Technology — 0.23%
Dell International LLC, Term Loan A2
(LIBOR plus 1.75%)
4.28%		09/07/21	²		2,000,000		1,947,920
First Data Corp., Term Loan
(LIBOR plus 2.00%)
4.50%		04/26/24	²		3,075,353		2,945,420
IQVIA, Inc., Term Loan B1
(LIBOR plus 2.00%)
4.80%		03/07/24	²		675,505		658,111
SS&C Technologies, Inc.,
Term Loan B3


Issues	Maturity Date			Principal Amount		Value
BANK LOANS (continued)
Information Technology (continued)
(LIBOR plus 2.25%)
4.77%		04/16/25	²	$	1,092,492	$	1,033,967
SS&C Technologies, Inc., Term Loan B4
(LIBOR plus 2.25%)
4.77%		04/16/25	²		414,397		392,198


							6,977,616

Retail — 0.01%
BC ULC/New Red Finance, Inc., Term Loan B-3 (Canada)
(LIBOR plus 2.25%)
4.77%		02/16/24	^2,3		492,274		469,915

Total Bank Loans
(Cost $28,955,055)							28,050,071


CORPORATES — 35.52%*

Automotive — 0.02%
Metalsa SA de CV, Series REGS (Mexico)
4.90%		04/24/23	³		500,000		478,150

Banking — 5.24%
Banco Continental Sa Via Continental Senior Trustees, Series REGS (Cayman Islands)
5.50%		11/18/20	³		950,000		982,063
Banco Internacional del Peru SAA Interbank,
Series REGS (Peru)
6.63%		03/19/29	^3,6		250,000		263,600
Banco Nacional de Comercio Exterior
SNC/Cayman Islands (Mexico)
3.80%		08/11/26	^1,3,6		2,000,000		1,915,020
Bank of America Corp.
2.74%		01/23/22	⁶		8,625,000		8,496,635
3.00%		12/20/23	⁶		1,515,000		1,473,409
3.42%		12/20/28	⁶		488,000		456,384
3.71%		04/24/28	⁶		9,040,000		8,675,575
Bank of America Corp. (GMTN)
2.37%		07/21/21	⁶		5,185,000		5,096,622
3.59%		07/21/28	⁶		7,810,000		7,404,239
Bank of America Corp. (MTN)
3.09%		10/01/25	⁶		4,710,000		4,469,456
4.00%		04/01/24			544,000		547,401
4.27%		07/23/29	⁶		2,635,000		2,633,859
Bank of New York Mellon Corp. (The) (MTN)
3.25%		09/11/24			1,515,000		1,489,401
Global Bank Corp. (Panama)
4.50%		10/20/21	^1,3		1,198,000		1,165,055


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Banking (continued)
JPMorgan Chase & Co.
2.55%		10/29/20		$	657,000	$	649,697
3.22%		03/01/25	⁶		10,980,000		10,619,241
3.54%		05/01/28	⁶		6,299,000		6,015,028
3.90%		07/15/25			3,244,000		3,218,810
4.02%		12/05/24	⁶		7,635,000		7,700,867
JPMorgan Chase Bank N.A. (BKNT)
2.60%		02/01/21	⁶		9,100,000		9,039,015
(LIBOR USD 3-Month plus 0.29%)
2.83%		02/01/21	²		7,560,000		7,508,804
Lloyds Banking Group PLC
(United Kingdom)
2.91%		11/07/23	^3,6		5,780,000		5,470,545
PNC Bank N.A. (BKNT)
1.45%		07/29/19			4,000,000		3,966,368
Santander UK Group Holdings PLC (United Kingdom)
2.88%		08/05/21	³		4,300,000		4,162,578
3.37%		01/05/24	^3,6		3,000,000		2,847,967
Santander UK PLC (United Kingdom)
2.50%		03/14/19	³		3,000,000		2,999,533
2.50%		01/05/21	³		885,000		864,606
5.00%		11/07/23	^1,3		3,100,000		3,042,870
Wells Fargo & Co.
3.00%		04/22/26			14,265,000		13,286,079
3.00%		10/23/26			9,405,000		8,715,374
Wells Fargo & Co. (MTN)
2.63%		07/22/22			1,525,000		1,469,508
3.58%		05/22/28	⁶		4,810,000		4,619,947
Wells Fargo Bank N.A. (BKNT)
2.40%		01/15/20			15,000,000		14,870,408
3.33%		07/23/21	⁶		3,050,000		3,047,715


							159,183,679

Communications — 3.59%
21st Century Fox America, Inc.
6.90%		03/01/19			3,287,000		3,305,995
AMC Networks, Inc.
4.75%		08/01/25			1,580,000		1,429,900
AT&T, Inc.
3.40%		05/15/25			3,500,000		3,295,031
4.30%		02/15/30			4,115,000		3,918,812
4.35%		06/15/45			3,765,000		3,201,776
4.80%		06/15/44			4,662,000		4,168,414
5.15%		11/15/46			3,415,000		3,184,829
5.25%		03/01/37			3,170,000		3,121,535
CBS Corp.
3.38%		02/15/28			2,625,000		2,384,696


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Communications (continued)
CCO Holdings LLC/CCO Holdings Capital Corp.
5.13%		05/01/27	¹	$	939,000	$	875,751
Charter Communications Operating LLC/Charter Communications Operating Capital
3.58%		07/23/20			1,250,000		1,249,121
6.48%		10/23/45			1,490,000		1,534,849
Clear Channel International BV (Netherlands)
8.75%		12/15/20	^1,3		1,069,000		1,081,026
Comcast Corp.
4.60%		10/15/38			9,360,000		9,469,604
CSC Holdings LLC
5.38%		07/15/23	¹		3,824,000		3,738,725
5.38%		02/01/28	¹		1,795,000		1,655,313
8.63%		02/15/19			700,000		703,500
Intelsat Jackson Holdings SA (Luxembourg)
5.50%		08/01/23	³		2,398,000		2,098,250
8.50%		10/15/24	^1,3		2,020,000		1,955,613
9.75%		07/15/25	^1,3		800,000		806,240
Level 3 Financing, Inc.
5.25%		03/15/26			1,140,000		1,045,950
5.38%		05/01/25			1,500,000		1,405,313
5.63%		02/01/23			1,190,000		1,172,150
Qwest Corp.
6.75%		12/01/21			2,235,000		2,290,763
6.88%		09/15/33			500,000		446,875
SES GLOBAL Americas Holdings GP
5.30%		03/25/44	¹		4,095,000		3,540,897
Sirius XM Radio, Inc.
3.88%		08/01/22	¹		1,379,000		1,322,116
Sprint Capital Corp.
6.88%		11/15/28			1,141,000		1,081,098
Sprint Communications, Inc.
7.00%		03/01/20	¹		1,400,000		1,438,500
Sprint Corp.
7.13%		06/15/24			1,142,000		1,133,823
7.63%		03/01/26			530,000		524,700
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC
3.36%		09/20/21	¹		7,913,125		7,804,320
4.74%		03/20/25	¹		6,625,000		6,517,344
Time Warner Cable LLC
5.50%		09/01/41			2,972,000		2,716,728
5.88%		11/15/40			965,000		898,344
T-Mobile USA, Inc.
4.50%		02/01/26			200,000		186,000
4.75%		02/01/28			2,481,000		2,248,406
6.50%		01/15/24			740,000		758,500


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Communications (continued)
Verizon Communications, Inc.
4.50%		08/10/33		$	4,755,000	$	4,736,534
4.86%		08/21/46			6,740,000		6,645,249
Virgin Media Secured Finance PLC (United Kingdom)
5.25%		01/15/26	^1,3		840,000		772,800
5.50%		08/15/26	^1,3		2,260,000		2,096,150
Vodafone Group PLC (United Kingdom)
4.38%		05/30/28	³		3,000,000		2,915,743
Warner Media LLC
3.80%		02/15/27			2,205,000		2,071,383


							108,948,666

Consumer Discretionary — 1.19%
Anheuser-Busch Cos LLC/Anheuser-Busch InBev Worldwide, Inc.
3.65%		02/01/26	¹		1,750,000		1,655,930
4.90%		02/01/46	¹		2,950,000		2,743,013
Bacardi Ltd. (Bermuda)
4.70%		05/15/28	^1,3		1,500,000		1,444,165
5.15%		05/15/38	^1,3		1,500,000		1,381,959
BAT Capital Corp.
2.30%		08/14/20			6,000,000		5,862,122
Central Garden & Pet Co.
5.13%		02/01/28			815,000		733,500
Constellation Brands, Inc.
2.00%		11/07/19			10,000,000		9,878,889
First Quality Finance Co., Inc.
5.00%		07/01/25	¹		634,000		569,015
High Ridge Brands Co.
8.88%		03/15/25	^1,4,5		2,175,000		967,875
Molson Coors Brewing Co.
1.45%		07/15/19			3,196,000		3,164,900
Reynolds American, Inc.
4.45%		06/12/25			1,500,000		1,448,347
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Luxembourg S.A.
5.75%		10/15/20			3,202,901		3,202,901
Suntory Holdings Ltd. (Japan)
2.55%		09/29/19	^1,3		3,015,000		2,997,136


							36,049,752


Consumer Products — 0.10%
Newell Brands, Inc.
3.85%		04/01/23			3,000,000		2,923,434


Electric — 2.68%
AES Panama SRL, Series REGS (Panama)
6.00%		06/25/22	³		250,000		252,825


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Electric (continued)
Alabama Power Capital Trust V
5.90%		10/01/42	⁶	$	1,300,000	$	1,270,519
Cleco Power LLC
6.00%		12/01/40			1,380,000		1,565,265
Consolidated Edison Co. of New York, Inc., Series E
4.65%		12/01/48			4,000,000		4,163,647
Dominion Energy, Inc.
5.75%		10/01/54	⁶		2,515,000		2,523,830
Duke Energy Carolinas LLC
3.70%		12/01/47			1,810,000		1,648,198
Duke Energy Progress LLC
3.25%		08/15/25			2,625,000		2,556,610
Duquesne Light Holdings, Inc.
6.40%		09/15/20	¹		4,641,000		4,837,050
Entergy Corp.
4.00%		07/15/22			1,750,000		1,757,073
Eskom Holdings SOC Ltd., Series REGS (South Africa)
7.13%		02/11/25	³		1,000,000		915,209
Interstate Power & Light Co.
3.25%		12/01/24			6,130,000		5,938,284
ITC Holdings Corp.
3.65%		06/15/24			1,251,000		1,243,581
Kansas City Power & Light Co.
3.15%		03/15/23			5,470,000		5,416,338
Metropolitan Edison Co.
4.00%		04/15/25	¹		2,625,000		2,683,415
7.70%		01/15/19			7,230,000		7,240,733
MidAmerican Energy Co.
4.25%		05/01/46			2,900,000		2,952,270
NextEra Energy Capital Holdings, Inc. (LIBOR USD 3-Month plus 0.55%)
3.26%		08/28/21	²		7,005,000		6,918,861
NextEra Energy Operating Partners LP
4.50%		09/15/27	¹		1,412,000		1,263,740
Pacific Gas & Electric Co.
3.30%		12/01/27			3,000,000		2,461,875
Perusahaan Gas Negara Persero TBK PT (Indonesia)
5.13%		05/16/24	^1,3		1,650,000		1,647,781
PNM Resources, Inc.
3.25%		03/09/21			1,073,000		1,063,377
Public Service Co. of New Mexico
3.85%		08/01/25			5,565,000		5,499,160
5.35%		10/01/21			45,000		46,646
Public Service Electric & Gas Co., Series CC
9.25%		06/01/21			6,935,000		7,887,872


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Electric (continued)
Southern Co. Gas Capital Corp.
3.25%		06/15/26		$	2,935,000	$	2,766,028
Southwestern Electric Power Co.
3.55%		02/15/22			2,625,000		2,631,838
Southwestern Electric Power Co., Series M
4.10%		09/15/28			2,190,000		2,199,249


							81,351,274

Energy — 3.17%
Antero Resources Corp.
5.00%		03/01/25			1,100,000		1,001,000
5.13%		12/01/22			1,775,000		1,686,250
Centennial Resource Production LLC
5.38%		01/15/26	¹		400,000		374,000
Cheniere Energy Partners LP
5.25%		10/01/25			1,700,000		1,591,625
CrownRock LP/CrownRock Finance, Inc.
5.63%		10/15/25	¹		490,000		446,513
Diamondback Energy, Inc.
4.75%		11/01/24	¹		196,000		189,630
5.38%		05/31/25			1,350,000		1,336,500
Enbridge Energy Partners LP
5.88%		10/15/25			2,190,000		2,367,335
Energy Transfer LP
5.50%		06/01/27			1,448,000		1,415,420
5.88%		01/15/24			1,745,000		1,781,139
Energy Transfer Operating LP
5.15%		03/15/45			3,116,000		2,724,384
EQM Midstream Partners LP
5.50%		07/15/28			1,205,000		1,179,093
EQT Corp.
3.90%		10/01/27			3,000,000		2,590,881
Florida Gas Transmission Co. LLC
7.90%		05/15/19	¹		1,375,000		1,396,888
Gulfport Energy Corp.
6.38%		05/15/25			315,000		279,956
Hess Corp.
7.88%		10/01/29			1,855,000		2,105,559
Kinder Morgan Energy Partners LP
5.80%		03/15/35			210,000		215,252
Kinder Morgan, Inc.
5.30%		12/01/34			875,000		859,917
5.63%		11/15/23	¹		3,127,000		3,309,040
Matador Resources Co.
5.88%		09/15/26			1,543,000		1,427,275
Newfield Exploration Co.
5.75%		01/30/22			2,416,000		2,446,200
Parsley Energy LLC/Parsley Finance Corp.
5.25%		08/15/25	¹		924,000		840,840


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Energy (continued)
Petrobras Global Finance BV (Netherlands)
4.38%		05/20/23	³	$	360,000	$	345,672
Petroleos del Peru SA, Series REGS (Peru)
4.75%		06/19/32	³		500,000		481,250
Petroleos Mexicanos (Mexico)
1.70%		12/20/22	³		60,000		58,461
5.38%		03/13/22	³		3,650,000		3,586,125
6.50%		03/13/27	³		1,560,000		1,470,300
6.50%		01/23/29	³		4,135,000		3,857,541
Plains All American Pipeline LP/PAA Finance Corp.
4.65%		10/15/25			6,250,000		6,143,372
Range Resources Corp.
4.88%		05/15/25			1,250,000		1,031,250
5.00%		03/15/23			1,950,000		1,723,313
Rockies Express Pipeline LLC
5.63%		04/15/20	¹		6,234,000		6,265,170
6.00%		01/15/19	¹		1,500,000		1,500,337
Ruby Pipeline LLC
6.00%		04/01/22	¹		5,760,227		5,922,849
Sabine Pass Liquefaction LLC
5.75%		05/15/24			2,280,000		2,373,851
Spectra Energy Partners LP
4.60%		06/15/21			3,335,000		3,428,975
Sunoco Logistics Partners Operations LP
5.40%		10/01/47			4,380,000		3,933,133
Sunoco LP/Sunoco Finance Corp.
5.88%		03/15/28			2,793,000		2,618,438
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
5.88%		04/15/26	¹		604,000		587,390
TC PipeLines LP
4.38%		03/13/25			3,000,000		2,976,143
4.65%		06/15/21			2,300,000		2,342,067
TransMontaigne Partners LP/ TLP Finance Corp.
6.13%		02/15/26			2,050,000		1,845,000
Transocean Guardian Ltd. (Cayman Islands)
5.88%		01/15/24	^1,3		1,060,000		1,020,250
Transocean Pontus Ltd. (Cayman Islands)
6.13%		08/01/25	^1,3		1,623,000		1,574,310
Transocean Proteus Ltd. (Cayman Islands)
6.25%		12/01/24	^1,3		1,504,800		1,448,370
USA Compression Partners LP/USA Compression Finance Corp.
6.88%		04/01/26	¹		1,709,000		1,649,185
Williams Cos., Inc. (The)
3.60%		03/15/22			1,184,000		1,162,621
4.55%		06/24/24			2,625,000		2,651,353
6.30%		04/15/40			1,750,000		1,850,339


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Energy (continued)
WPX Energy, Inc.
5.75%		06/01/26		$	939,000	$	854,490


							96,266,252

Finance — 5.15%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland)
3.95%		02/01/22	³		1,500,000		1,474,710
Air Lease Corp.
2.50%		03/01/21			3,450,000		3,361,218
3.88%		07/03/23			2,862,000		2,819,683
Alta Wind Holdings LLC
7.00%		06/30/35	^1,4,5		1,735,562		1,885,713
American Express Credit Corp. (MTN)
2.20%		03/03/20			5,000,000		4,947,093
Citibank N.A. (BKNT)
3.40%		07/23/21			5,850,000		5,859,501
Citigroup, Inc.
3.14%		01/24/23	⁶		4,200,000		4,128,430
3.67%		07/24/28	⁶		2,940,000		2,796,757
8.50%		05/22/19			3,050,000		3,113,853
Fondo MIVIVIENDA SA, Series REGS (Peru)
3.50%		01/31/23	³		1,000,000		961,875
Ford Motor Credit Co. LLC
2.02%		05/03/19			515,000		511,800
2.34%		11/02/20			3,295,000		3,163,544
2.98%		08/03/22			3,015,000		2,786,548
3.20%		01/15/21			5,970,000		5,787,805
3.22%		01/09/22			630,000		592,029
3.34%		03/28/22			7,735,000		7,285,016
8.13%		01/15/20			7,780,000		8,041,011
(LIBOR USD 3-Month plus 0.88%)
3.31%		10/12/21	²		3,000,000		2,880,114
Ford Motor Credit Co. LLC (MTN)
2.94%		01/08/19			5,000,000		4,999,300
GE Capital International Funding Co.
(Ireland)
2.34%		11/15/20	³		10,500,000		10,133,823
4.42%		11/15/35	³		4,462,000		3,747,724
General Motors Financial Co., Inc.
2.40%		05/09/19			2,500,000		2,490,820
3.10%		01/15/19			4,000,000		3,999,627
Goldman Sachs Group, Inc. (The)
2.55%		10/23/19			10,000,000		9,946,785
3.27%		09/29/25	⁶		4,745,000		4,451,781
3.81%		04/23/29	⁶		5,175,000		4,837,081
4.22%		05/01/29	⁶		1,505,000		1,452,757
Goldman Sachs Group, Inc. (The) (MTN)
3.85%		07/08/24			8,155,000		7,957,861


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Finance (continued)
International Lease Finance Corp.
6.25%		05/15/19		$	3,000,000	$	3,026,814
Morgan Stanley
3.63%		01/20/27			2,290,000		2,178,655
(LIBOR USD 3-Month plus 0.93%)
3.40%		07/22/22	²		8,400,000		8,286,209
Morgan Stanley (GMTN)
5.50%		07/24/20			3,000,000		3,093,781
7.30%		05/13/19			2,740,000		2,781,840
(LIBOR USD 3-Month plus 0.55%)
3.17%		02/10/21	²		8,400,000		8,308,660
(LIBOR USD 3-Month plus 1.38%)
3.92%		02/01/19	²		4,000,000		4,003,042
Morgan Stanley (MTN)
5.63%		09/23/19			2,000,000		2,030,615
Morgan Stanley, Series 3NC2 (LIBOR USD 3-Month plus 0.80%)
3.41%		02/14/20	²		2,025,000		2,025,088
Nationwide Building Society (United Kingdom)
3.77%		03/08/24	^1,3,6		3,070,000		2,957,488
Raymond James Financial, Inc.
3.63%		09/15/26			1,540,000		1,453,662


							156,560,113

Food — 1.33%
Campbell Soup Co.
(LIBOR USD 3-Month plus 0.50%)
3.29%		03/16/20	²		5,000,000		4,956,397
Chobani LLC/Chobani Finance Corp., Inc.
7.50%		04/15/25	¹		1,549,000		1,227,583
Conagra Brands, Inc.
3.80%		10/22/21			7,766,000		7,773,861
Kraft Heinz Foods Co.
3.00%		06/01/26			3,043,000		2,719,020
5.20%		07/15/45			4,815,000		4,356,990
Mondelez International Holdings Netherlands BV (Netherlands)
1.63%		10/28/19	^1,3		6,700,000		6,619,218
Pilgrim’s Pride Corp.
5.88%		09/30/27	¹		1,800,000		1,638,000
Post Holdings, Inc.
5.63%		01/15/28	¹		955,000		882,181
5.75%		03/01/27	¹		3,206,000		3,021,655
Tyson Foods, Inc.
2.65%		08/15/19			5,000,000		4,983,700
(LIBOR USD 3-Month plus 0.45%)
3.10%		08/21/20	²		2,185,000		2,169,289


							40,347,894


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Gaming — 0.14%
Churchill Downs, Inc.
4.75%		01/15/28	¹	$	1,700,000	$	1,546,490
Rivers Pittsburgh Borrower LP/Rivers Pittsburgh Finance Corp.
6.13%		08/15/21	¹		1,735,000		1,687,287
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
5.25%		05/15/27	¹		1,260,000		1,116,675


							4,350,452

Health Care — 4.88%
AbbVie, Inc.
3.20%		05/14/26			700,000		650,303
4.25%		11/14/28			3,000,000		2,921,459
4.30%		05/14/36			875,000		782,952
4.88%		11/14/48			615,000		575,144
Aetna, Inc.
2.80%		06/15/23			1,382,000		1,313,573
4.13%		06/01/21			4,380,000		4,444,210
Allergan Funding SCS (Luxembourg)
3.80%		03/15/25	³		695,000		679,471
Amgen, Inc.
4.40%		05/01/45			3,570,000		3,351,259
Anthem, Inc.
2.50%		11/21/20			4,605,000		4,547,374
3.50%		08/15/24			7,156,000		7,108,271
3.65%		12/01/27			3,385,000		3,238,876
AstraZeneca PLC (United Kingdom)
3.13%		06/12/27	³		646,000		602,467
3.38%		11/16/25	³		3,185,000		3,080,073
Bausch Health Cos., Inc. (Canada)
5.50%		11/01/25	^1,3		2,664,000		2,494,170
6.13%		04/15/25	^1,3		1,060,000		924,850
Bayer U.S. Finance II LLC
4.38%		12/15/28	¹		6,400,000		6,102,109
(LIBOR USD 3-Month plus 1.01%)
3.80%		12/15/23	^1,2		1,000,000		957,337
Bayer U.S. Finance LLC
2.38%		10/08/19	¹		6,700,000		6,662,704
Becton Dickinson and Co.
2.13%		06/06/19			2,920,000		2,903,294
2.89%		06/06/22			1,750,000		1,701,280
(LIBOR USD 3-Month plus 0.88%)
3.68%		12/29/20	²		2,000,000		1,980,464
Biogen, Inc.
5.20%		09/15/45			2,998,000		3,087,997
Catalent Pharma Solutions, Inc.
4.88%		01/15/26	¹		880,000		838,200


Issues	Maturity Date			Principal Amount		Value
CORPORATES (continued)
Health Care (continued)
Celgene Corp.
2.75%		02/15/23		$	3,060,000	$	2,930,812
2.88%		08/15/20			4,300,000		4,271,630
3.88%		08/15/25			1,400,000		1,349,668
5.00%		08/15/45			2,845,000		2,634,254
Centene Corp.
4.75%		01/15/25			1,000,000		957,500
5.38%		06/01/26	¹		2,888,000		2,827,496
5.63%		02/15/21			1,206,000		1,212,030
CHS/Community Health Systems, Inc.
6.25%		03/31/23			136,000		124,107
Cigna Corp.
4.13%		11/15/25	¹		4,380,000		4,380,321
4.38%		10/15/28	¹		1,750,000		1,763,175
Cigna Holding Co.
3.05%		10/15/27			4,875,000		4,427,487
CVS Health Corp.
2.25%		08/12/19			5,000,000		4,976,252
4.30%		03/25/28			4,380,000		4,289,988
5.05%		03/25/48			2,190,000		2,138,024
Elanco Animal Health, Inc.
4.27%		08/28/23	¹		6,355,000		6,356,266
Fresenius Medical Care U.S. Finance II, Inc.
4.13%		10/15/20	¹		1,015,000		1,022,185
5.63%		07/31/19	¹		6,446,000		6,519,515
Gilead Sciences, Inc.
4.15%		03/01/47			1,750,000		1,615,870
Hartford HealthCare Corp.
5.75%		04/01/44			1,525,000		1,667,494
HCA, Inc.
5.00%		03/15/24			1,987,000		1,972,097
5.25%		04/15/25			977,000		974,557
6.50%		02/15/20			1,698,000		1,744,695
Hologic, Inc.
4.63%		02/01/28	¹		1,600,000		1,450,400
Humana, Inc.
2.90%		12/15/22			4,795,000		4,646,870
Molina Healthcare, Inc.
4.88%		06/15/25	¹		905,000		829,206
5.38%		11/15/22			1,913,000		1,846,045
MPH Acquisition Holdings LLC
7.13%		06/01/24	¹		1,025,000		958,375
Shire Acquisitions Investments Ireland DAC (Ireland)
1.90%		09/23/19	³		5,686,000		5,607,307
2.40%		09/23/21	³		5,450,000		5,273,493
Tenet Healthcare Corp.
4.50%		04/01/21			2,250,000		2,190,938
4.63%		07/15/24			1,461,000		1,364,209


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Health Care (continued)
Teva Pharmaceutical Finance Netherlands III BV (Netherlands)
1.70%		07/19/19	³	$	1,015,000	$	1,001,577
WellCare Health Plans, Inc.
5.25%		04/01/25			1,916,000		1,851,335


							148,123,015

Industrials — 1.88%
Amcor Finance USA, Inc.
3.63%		04/28/26	¹		2,125,000		2,007,966
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. (Ireland)
6.00%		02/15/25	^1,3		900,000		833,058
7.25%		05/15/24	^1,3		2,875,000		2,878,594
BAE Systems Holdings, Inc.
2.85%		12/15/20	¹		1,895,000		1,870,922
Ball Corp.
4.00%		11/15/23			1,000,000		972,500
Berry Global, Inc.
4.50%		02/15/26	¹		670,000		614,725
Clean Harbors, Inc.
5.13%		06/01/21			3,000,000		3,000,000
Covanta Holding Corp.
5.88%		07/01/25			1,250,000		1,154,687
6.00%		01/01/27			1,654,000		1,490,750
Crown Americas LLC/Crown Americas Capital Corp. V
4.25%		09/30/26			1,000,000		901,250
General Electric Co. (GMTN)
2.20%		01/09/20			3,250,000		3,203,470
4.63%		01/07/21			6,220,000		6,241,029
General Electric Co. (MTN)
4.65%		10/17/21			2,060,000		2,068,443
5.55%		05/04/20			2,600,000		2,642,106
5.55%		01/05/26			4,550,000		4,519,736
(LIBOR USD 3-Month plus 0.48%)
3.10%		08/15/36	²		8,555,000		5,903,241
Graphic Packaging International LLC
4.88%		11/15/22			500,000		493,750
Heathrow Funding Ltd. (United Kingdom)
4.88%		07/15/21	^1,3		700,000		723,130
Itron, Inc.
5.00%		01/15/26	¹		1,648,000		1,512,040
L3 Technologies, Inc.
4.40%		06/15/28			4,210,000		4,226,166
Northrop Grumman Corp.
2.93%		01/15/25			825,000		783,898
Sealed Air Corp.
5.25%		04/01/23	¹		1,000,000		1,007,500
5.50%		09/15/25	¹		563,000		557,370


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Industrials (continued)
Titan Acquisition Ltd./Titan Co-Borrower LLC (Canada)
7.75%		04/15/26	^1,3	$	1,450,000	$	1,252,438
Westrock Co.
4.65%		03/15/26	¹		6,215,000		6,319,375


							57,178,144

Information Technology — 0.45%
Broadcom Corp./Broadcom Cayman Finance Ltd.
2.38%		01/15/20			8,297,000		8,195,163
Dell International LLC/EMC Corp.
3.48%		06/01/19	¹		1,203,000		1,199,566
IQVIA, Inc.
5.00%		10/15/26	¹		1,800,000		1,727,550
NXP BV/NXP Funding LLC (Netherlands)
3.88%		09/01/22	^1,3		300,000		291,787
4.13%		06/01/21	^1,3		800,000		792,000
Zayo Group LLC/Zayo Capital, Inc.
5.75%		01/15/27	¹		1,531,000		1,370,245


							13,576,311

Insurance — 0.48%
Farmers Exchange Capital
7.20%		07/15/48	¹		150,000		174,642
Farmers Exchange Capital II
6.15%		11/01/53	^1,6		2,500,000		2,709,506
Farmers Insurance Exchange
4.75%		11/01/57	^1,6		3,800,000		3,367,998
8.63%		05/01/24	¹		942,000		1,123,741
Nationwide Mutual Insurance Co.
5.08%		12/15/24	^1,6		3,825,000		3,805,875
Teachers Insurance & Annuity Association of America
4.38%		09/15/54	^1,6		3,425,000		3,468,664


							14,650,426

Materials — 0.60%
Axalta Coating Systems LLC
4.88%		08/15/24	¹		1,550,000		1,472,500
Corp. Nacional del Cobre de Chile (Chile)
3.63%		08/01/27	³		250,000		238,175
Fresnillo PLC, Series REGS (United Kingdom)
5.50%		11/13/23	³		500,000		510,200
Georgia-Pacific LLC
2.54%		11/15/19	¹		10,000,000		9,956,015
Gold Fields Orogen Holdings BVI Ltd., Series REGS (British Virgin Islands)
4.88%		10/07/20	³		250,000		248,594


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Materials (continued)
Indonesia Asahan Aluminum Persero PT (Indonesia)
6.53%		11/15/28	^1,3	$	4,000,000	$	4,205,000
SASOL Financing USA LLC
5.88%		03/27/24			1,200,000		1,195,680
Vale Overseas Ltd. (Cayman Islands)
4.38%		01/11/22	³		66,000		67,267
Volcan Cia Minera SAA, Series REGS (Peru)
5.38%		02/02/22	³		300,000		301,050


							18,194,481

Real Estate Investment Trust (REIT) — 2.93%
Alexandria Real Estate Equities, Inc.
2.75%		01/15/20			5,000,000		4,962,175
3.45%		04/30/25			2,660,000		2,560,640
4.60%		04/01/22			875,000		901,986
American Campus Communities Operating Partnership LP
3.35%		10/01/20			1,735,000		1,728,682
3.63%		11/15/27			2,246,000		2,112,227
American Tower Corp.
3.00%		06/15/23			2,740,000		2,638,931
3.40%		02/15/19			10,000,000		9,997,989
AvalonBay Communities, Inc. (GMTN)
3.63%		10/01/20			1,500,000		1,507,764
Boston Properties LP
5.63%		11/15/20			1,750,000		1,811,578
CC Holdings GS V LLC/Crown Castle GS III Corp.
3.85%		04/15/23			2,625,000		2,600,641
Crown Castle International Corp.
3.20%		09/01/24			4,695,000		4,434,562
GLP Capital LP/GLP Financing II, Inc.
4.88%		11/01/20			1,650,000		1,666,283
5.30%		01/15/29			2,280,000		2,242,278
5.38%		04/15/26			2,680,000		2,657,247
5.75%		06/01/28			3,600,000		3,649,500
HCP, Inc.
3.88%		08/15/24			2,715,000		2,670,345
4.25%		11/15/23			5,325,000		5,339,609
Healthcare Realty Trust, Inc.
3.88%		05/01/25			2,190,000		2,140,532
MGM Growth Properties Operating Partnership LP/MGP Finance Co.-Issuer, Inc.
5.63%		05/01/24			2,000,000		1,987,500
Piedmont Operating Partnership LP
3.40%		06/01/23			4,520,000		4,381,135
Post Apartment Homes LP
3.38%		12/01/22			90,000		88,922


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Real Estate Investment Trust (REIT) (continued)
Reckson Operating Partnership LP
7.75%		03/15/20		$	2,375,000	$	2,507,848
SL Green Realty Corp.
4.50%		12/01/22			3,000,000		3,038,593
UDR, Inc.
3.70%		10/01/20			4,628,000		4,647,781
Ventas Realty LP
3.25%		10/15/26			4,380,000		4,095,922
3.75%		05/01/24			875,000		862,656
VEREIT Operating Partnership LP
3.00%		02/06/19			1,200,000		1,199,587
WEA Finance LLC/Westfield UK & Europe Finance PLC
2.70%		09/17/19	¹		1,500,000		1,492,346
3.25%		10/05/20	¹		7,000,000		6,993,896
Welltower, Inc.
4.95%		01/15/21			1,020,000		1,045,150
6.13%		04/15/20			995,000		1,026,713


							88,991,018

Retail — 0.83%
Alimentation Couche-Tard, Inc. (Canada)
3.55%		07/26/27	^1,3		1,935,000		1,810,143
BC ULC/New Red Finance, Inc. (Canada)
4.25%		05/15/24	^1,3		2,355,000		2,172,487
Home Depot, Inc. (The)
3.90%		12/06/28			1,715,000		1,754,157
Party City Holdings, Inc.
6.63%		08/01/26	¹		2,327,000		2,123,387
Rite Aid Corp.
6.13%		04/01/23	¹		5,285,000		4,194,969
Walgreens Boots Alliance, Inc.
2.70%		11/18/19			2,000,000		1,988,855
3.80%		11/18/24			5,099,000		5,025,916
Walmart, Inc.
3.55%		06/26/25			6,140,000		6,212,950


							25,282,864

Services — 0.39%
DP World Crescent Ltd. (Cayman Islands)
4.85%		09/26/28	^1,3		2,200,000		2,159,322
Gartner, Inc.
5.13%		04/01/25	¹		500,000		486,565
GFL Environmental, Inc. (Canada)
5.38%		03/01/23	^1,3		1,779,000		1,565,520
IHS Markit Ltd. (Bermuda)
4.00%		03/01/26	^1,3		1,516,000		1,413,670
4.13%		08/01/23	³		3,000,000		2,973,150
4.75%		08/01/28	³		1,750,000		1,715,770


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Services (continued)
Matthews International Corp.
5.25%		12/01/25	¹	$	1,554,000	$	1,449,105


							11,763,102

Transportation — 0.47%
America West Airlines Pass-Through Trust, Series 2001-1, Class G
7.10%		04/02/21			967,704		1,003,993
American Airlines Pass-Through Trust, Series 2011-1, Class A
5.25%		01/31/21			32,440		33,157
American Airlines Pass-Through Trust, Series 2013-2, Class A
4.95%		01/15/23			1,616,017		1,643,681
American Airlines Pass-Through Trust, Series 2015-2, Class AA
3.60%		09/22/27			2,500,241		2,416,608
Avolon Holdings Funding Ltd. (Cayman Islands)
5.13%		10/01/23	^1,3		2,163,000		2,071,073
Continental Airlines Pass-Through Trust,
Series 1999-1, Class A
6.55%		02/02/19			913,015		915,352
Continental Airlines Pass-Through Trust, Series 1999-2, Class A
7.26%		03/15/20			753,711		767,504
Continental Airlines Pass-Through Trust, Series 2000-1, Class A1
8.05%		11/01/20			268,041		278,388
Continental Airlines Pass-Through Trust, Series 2000-2, Class A1
7.71%		04/02/21			264,077		277,777
Continental Airlines Pass-Through Trust, Series 2001-1, Class A1
6.70%		06/15/21			18,766		19,713
Continental Airlines Pass-Through Trust, Series 2007-1, Class A
5.98%		04/19/22			2,222,583		2,323,488
Continental Airlines Pass-Through Trust, Series 2012-1, Class B
6.25%		04/11/20			33,192		33,773
Delta Air Lines Pass-Through Trust,
Series 2002-1, Class G1
6.72%		01/02/23			959,850		1,020,404
U.S. Airways Pass-Through Trust,
Series 2001-1, Class G
7.08%		03/20/21			494,829		516,461
U.S. Airways Pass-Through Trust,
Series 2010-1, Class A
6.25%		04/22/23			876,871		933,633


Issues	Maturity Date			Principal Amount		Value

CORPORATES (continued)
Transportation (continued)
U.S. Airways Pass-Through Trust, Series 2012-1, Class A
5.90%		10/01/24		$	81,878	$	87,116


							14,342,121

Total Corporates
(Cost $1,104,702,821)							1,078,561,148


FOREIGN GOVERNMENT OBLIGATIONS — 1.55%
Foreign Government Obligations — 1.55%
Argentine Republic Government International Bond (Argentina)
6.88%		04/22/21	³		2,500,000		2,266,250
Bahrain Government International Bond, Series REGS (Bahrain)
7.00%		10/12/28	³		1,400,000		1,403,500
Brazilian Government International Bond (Brazil)
4.63%		01/13/28	³		3,450,000		3,329,940
Chile Government International Bond (Chile)
2.25%		10/30/22	³		3,900,000		3,768,570
Colombia Government International Bond (Colombia)
4.50%		01/28/26	³		4,500,000		4,508,437
Corp. Financiera de Desarrollo SA, Series REGS (Peru)
4.75%		07/15/25	³		2,000,000		1,986,250
Dominican Republic International Bond, Series REGS (Dominican Republic)
6.60%		01/28/24	³		3,750,000		3,918,750
Egypt Government International Bond (Egypt)
5.58%		02/21/23	^1,3		1,600,000		1,519,200
Hazine Mustesarligi Varlik Kiralama AS, Series REGS (Turkey)
4.49%		11/25/24	³		270,000		246,038
Kazakhstan Government International Bond, Series REGS (EMTN) (Kazakhstan)
5.13%		07/21/25	³		3,450,000		3,658,725
Oman Government International Bond (Oman)
5.63%		01/17/28	^1,3		3,120,000		2,761,824
Paraguay Government International Bond, Series REGS (Paraguay)
4.63%		01/25/23	³		950,000		955,581
Qatar Government International Bond (Qatar)
4.50%		04/23/28	³		2,700,000		2,820,690
Republic of Azerbaijan International Bond, Series REGS (Azerbaijan)
4.75%		03/18/24	³		1,200,000		1,199,340


Issues	Maturity Date			Principal Amount		Value

FOREIGN GOVERNMENT OBLIGATIONS (continued)
Foreign Government Obligations (continued)
Russian Foreign Bond - Eurobond, Series REGS (Russia)
4.88%		09/16/23	³	$	4,200,000	$	4,284,000
Saudi Government International Bond (Saudi Arabia)
4.00%		04/17/25	^1,3		2,700,000		2,681,100
Saudi Government International Bond, Series REGS (EMTN) (Saudi Arabia)
4.50%		10/26/46	³		1,300,000		1,179,237
South Africa Government International Bond (South Africa)
4.67%		01/17/24	³		900,000		880,902
Turkey Government International Bond (Turkey)
5.13%		03/25/22	³		2,250,000		2,199,375
Uruguay Government International Bond (Uruguay)
4.38%		10/27/27	³		1,357,835		1,366,661

Total Foreign Government Obligations
(Cost $48,362,503)							46,934,370


MORTGAGE-BACKED — 41.51%**

Non-Agency Commercial
Mortgage-Backed — 4.97%
Banc of America Commercial Mortgage Trust, Series 2007-5, Class AJ
6.03%		02/10/51	⁶		6,173,783		6,215,897
Banc of America Merrill Lynch Commercial Mortgage Trust, Series 2018-PARK, Class A
4.09%		08/10/38	^1,6		4,705,000		4,900,394
Banc of America Merrill Lynch Trust, Series 2011-FSHN, Class A
4.42%		07/11/33	¹		4,970,000		5,069,725
Bayview Commercial Asset Trust, Series 2004-2, Class A (LIBOR USD 1-Month plus 0.43%)
2.94%		08/25/34	^1,2		1,039,111		1,023,556
BBCMS Trust, Series 2013-TYSN, Class A2
3.76%		09/05/32	¹		4,675,000		4,683,845
Bear Stearns Commercial Mortgage Securities, Series Trust 2004-PWR5, Class F
5.48%		07/11/42	^1,6		38,278		38,203
Citigroup Commercial Mortgage Trust, Series 2012-GC8, Class XA (IO)
1.80%		09/10/45	^1,6		42,579,682		2,129,525
CityLine Commercial Mortgage Trust, Series 2016-CLNE, Class A
2.78%		11/10/31	^1,6		4,900,000		4,806,217


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Commercial Mortgage-Backed (continued)
Commercial Mortgage Trust, Series 2012-CR4, Class XA (IO)
1.79%		10/15/45	⁶	$	48,860,599	$	2,619,148
Commercial Mortgage Trust, Series 2012-CR5, Class XA (IO)
1.55%		12/10/45	⁶		76,297,332		3,828,791
Commercial Mortgage Trust, Series 2013-300P, Class A1
4.35%		08/10/30	¹		2,840,000		2,985,728
Commercial Mortgage Trust, Series 2013-LC6, Class XA (IO)
1.36%		01/10/46	⁶		37,184,661		1,661,507
Commercial Mortgage Trust, Series 2014-277P, Class A
3.61%		08/10/49	^1,6		6,275,000		6,359,021
GE Business Loan Trust, Series 2006-2A, Class A
2.64%		11/15/34	¹		8,871,133		8,716,115
GE Business Loan Trust, Series 2007-1A, Class A (LIBOR USD 1-Month plus 0.17%)
2.63%		04/15/35	^1,2		3,640,704		3,573,511
GRACE Mortgage Trust, Series 2014-GRCE, Class A
3.37%		06/10/28	¹		1,875,000		1,877,496
GS Mortgage Securities Trust, Series 2010-C1, Class X (IO)
1.35%		08/10/43	^1,6		41,522,892		661,997
GS Mortgage Securities Trust, Series 2012-GC6, Class XA (IO)
1.95%		01/10/45	^1,6		52,313,051		2,442,036
JPMBB Commercial Mortgage Securities Trust, Series 2013-C14, Class XA (IO)
0.56%		08/15/46	⁶		90,557,616		1,823,554
JPMBB Commercial Mortgage Securities Trust, Series 2013-C15, Class XA (IO)
1.09%		11/15/45	⁶		19,287,338		830,181
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2009-IWST, Class XA (IO)
1.85%		12/05/27	^1,6		49,525,337		856,452
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2010-C1, Class A2
4.61%		06/15/43	¹		11,514,883		11,653,997
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2011-C3, Class XA (IO)
0.94%		02/15/46	^1,6		17,753,269		307,917
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2013-LC11, Class XA (IO)
1.27%		04/15/46	⁶		12,529,125		568,121


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Commercial Mortgage-Backed (continued)
Lehman Brothers Small Balance Commercial Mortgage Trust, Series 2005-2A, Class 1A
(LIBOR USD 1-Month plus 0.25%)
2.76%		09/25/30	^1,2	$	74,117	$	74,080
Lehman Brothers Small Balance Commercial Mortgage Trust, Series 2007-2A, Class 1A4
(LIBOR USD 1-Month plus 0.25%)
2.76%		06/25/37	^1,2		2,427,691		2,360,622
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2012-C6, Class A4
2.86%		11/15/45			1,209,352		1,193,016
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C12, Class XA (IO)
0.62%		10/15/46	⁶		34,959,796		846,219
Morgan Stanley Capital I Trust, Series 2011-C3, Class A3
4.05%		07/15/49			5,084,574		5,098,405
Morgan Stanley Capital I Trust, Series 2015-420, Class A
3.73%		10/12/50	¹		7,000,000		7,075,604
RBS Commercial Funding, Inc., Trust, Series 2013-GSP, Class A
3.83%		01/15/32	^1,6		3,460,000		3,493,856
SFAVE Commercial Mortgage Securities Trust, Series 2015-5AVE, Class XA (IO)
0.45%		01/05/43	^1,6		28,685,000		1,635,025
TIAA Seasoned Commercial Mortgage Trust, Series 2007-C4, Class AJ
5.48%		08/15/39	⁶		403,856		404,398
VNDO Mortgage Trust, Series 2012-6AVE, Class A
3.00%		11/15/30	¹		4,370,000		4,335,893
Wells Fargo Commercial Mortgage Trust, Series 2010-C1, Class A2
4.39%		11/15/43	¹		21,025,000		21,389,561
Wells Fargo Commercial Mortgage Trust, Series 2014-LC16, Class XA (IO)
1.33%		08/15/50	⁶		62,143,119		2,623,993
WF-RBS Commercial Mortgage Trust, Series 2011-C4, Class A3
4.39%		06/15/44	¹		290,040		290,394
WF-RBS Commercial Mortgage Trust, Series 2011-C5, Class XA (IO)
1.74%		11/15/44	^1,6		21,946,177		832,528
WF-RBS Commercial Mortgage Trust, Series 2012-C10, Class XA (IO)
1.56%		12/15/45	^1,6		71,306,338		3,609,798
WF-RBS Commercial Mortgage Trust, Series 2012-C8, Class XA (IO)
1.84%		08/15/45	^1,6		46,839,572		2,445,248


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Commercial Mortgage-Backed (continued)
WF-RBS Commercial Mortgage Trust, Series 2012-C9, Class XA (IO)
1.88%		11/15/45	^1,6	$	42,680,859	$	2,539,725
WF-RBS Commercial Mortgage Trust, Series 2013-C14, Class XA (IO)
0.74%		06/15/46	⁶		77,954,725		2,079,442
WF-RBS Commercial Mortgage Trust, Series 2014-C23, Class XA (IO)
0.62%		10/15/57	⁶		94,596,764		2,524,986
Worldwide Plaza Trust, Series 2017-WWP, Class A
3.53%		11/10/36	¹		6,500,000		6,434,672


							150,920,399

Non-Agency Mortgage-Backed — 25.19%
Aames Mortgage Investment Trust, Series 2006-1, Class A4
(LIBOR USD 1-Month plus 0.56%)
3.07%		04/25/36	²		2,082,000		2,057,137
Accredited Mortgage Loan Trust, Series 2006-1, Class A4
(LIBOR USD 1-Month plus 0.28%)
2.59%		04/25/36	²		4,919,388		4,783,527
ACE Securities Corp. Home Equity Loan Trust, Series 2006-OP2, Class A2C
(LIBOR USD 1-Month plus 0.15%)
2.66%		08/25/36	²		555,466		544,623
ACE Securities Corp. Home Equity Loan Trust, Series 2007-ASP1, Class A2D
(LIBOR USD 1-Month plus 0.38%)
2.89%		03/25/37	²		3,048,732		1,834,339
Adjustable Rate Mortgage Trust, Series 2005-4, Class 5A1
3.84%		08/25/35	⁶		3,074,020		2,776,829
Adjustable Rate Mortgage Trust, Series 2005-5, Class 6A21
(LIBOR USD 1-Month plus 0.23%)
2.74%		09/25/35	²		83,927		83,714
Adjustable Rate Mortgage Trust, Series 2007-1, Class 1A1
4.65%		03/25/37	⁶		3,570,637		3,211,324
Asset-Backed Funding Certificates, Series 2007-NC1, Class A2
(LIBOR USD 1-Month plus 0.30%)
2.81%		05/25/37	^1,2		5,754,081		5,586,497
Asset-Backed Funding Certificates, Series 2007-WMC1, Class A2B
(LIBOR USD 1-Month plus 1.00%)
3.51%		06/25/37	²		4,714,790		4,012,532
Asset-Backed Securities Corp. Home Equity Loan Trust, Series 2004-HE9, Class M1
(LIBOR USD 1-Month plus 0.98%)


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
3.48%		12/25/34	²	$	1,849,714	$	1,810,225
Asset-Backed Securities Corp. Home Equity
Loan Trust, Series 2006-HE1, Class A4
(LIBOR USD 1-Month plus 0.30%)
2.81%		01/25/36	²		5,000,000		4,853,968
Asset-Backed Securities Corp. Home Equity
Loan Trust, Series 2006-HE5, Class A5
(LIBOR USD 1-Month plus 0.24%)
2.75%		07/25/36	²		9,754,000		9,061,773
Banc of America Alternative Loan Trust,Series 2003-8, Class 1CB1
5.50%		10/25/33			1,159,967		1,194,037
Banc of America Alternative Loan Trust, Series 2005-2, Class 4A1
5.50%		03/25/20			31,019		29,730
Banc of America Funding Trust, Series 2004-B, Class 5A1
4.65%		11/20/34	⁶		433,890		422,826
Banc of America Funding Trust, Series 2006-D, Class 3A1
3.91%		05/20/36	⁶		1,522,058		1,428,174
Banc of America Funding Trust,
Series 2006-G, Class 2A1
(LIBOR USD 1-Month plus 0.22%)
2.69%		07/20/36	²		1,520,908		1,510,679
Banc of America Funding Trust,
Series 2006-G, Class 2A4
(LIBOR USD 1-Month plus 0.29%)
2.76%		07/20/36	²		6,074,095		6,051,352
Banc of America Funding Trust, Series 2015-R3, Class 6A2
2.49%		05/27/36	^1,6		17,232,324		16,063,238
Banc of America Funding Trust, Series 2016-R1, Class A1
2.50%		03/25/40	^1,6		5,022,321		4,913,642
Banc of America Mortgage Securities, Inc.,Series 2005-K, Class 2A1
4.51%		12/25/35	⁶		1,847,185		1,809,742
BCAP LLC Trust,
Series 2007-AA1, Class 2A1
(LIBOR USD 1-Month plus 0.18%)
2.69%		03/25/37	²		5,152,982		5,012,741
BCAP LLC Trust, Series 2014-RR2, Class 6A1
(LIBOR USD 1-Month plus 0.24%)
2.55%		10/26/36	^1,2		10,898,855		10,824,863
BCAP LLC Trust, Series 2014-RR3, Class 4A1
2.62%		03/26/36	^1,6		5,915,641		5,642,829
Bear Stearns ALT-A Trust, Series 2005-1, Class M1
(LIBOR USD 1-Month plus 0.75%)


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
3.26%		01/25/35	²	$	14,935,000	$	14,902,427
Bear Stearns ALT-A Trust, Series 2005-2, Class 2A4
3.99%		04/25/35	⁶		2,334,234		2,317,280
Bear Stearns ALT-A Trust, Series 2005-8, Class 11A1
(LIBOR USD 1-Month plus 0.54%)
3.05%		10/25/35	²		13,290,397		12,830,583
Bear Stearns ARM Trust, Series 2005-9, Class A1 (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 2.30%)
4.73%		10/25/35	²		3,417,337		3,451,681
Bear Stearns Asset-Backed Securities I Trust, Series 2005-AC6, Class 1A3
5.50%		09/25/35	⁶		556,467		550,979
Bear Stearns Asset-Backed Securities I Trust, Series 2006-AC2, Class 21A3
6.00%		03/25/36			103,073		114,916
Bear Stearns Mortgage Funding Trust, Series 2007-AR4, Class 1A1
(LIBOR USD 1-Month plus 0.20%)
2.71%		09/25/47	²		11,319,271		10,301,833
Carrington Mortgage Loan Trust, Series 2005-OPT2, Class M4
(LIBOR USD 1-Month plus 0.98%)
3.48%		05/25/35	²		2,960,000		2,960,629
Carrington Mortgage Loan Trust, Series 2006-OPT1, Class M1
(LIBOR USD 1-Month plus 0.35%)
2.86%		02/25/36	²		3,620,000		3,544,250
Centex Home Equity Loan Trust, Series 2006-A, Class AV4
(LIBOR USD 1-Month plus 0.25%)
2.76%		06/25/36	²		3,262,678		3,241,670
Chase Mortgage Finance Trust, Series 2007-A1, Class 8A1
4.68%		02/25/37	⁶		1,278,557		1,313,160
CIM Trust, Series 2016-4, Class A1
(LIBOR USD 1-Month plus 2.00%)
4.35%		10/25/57	^1,2		8,232,479		8,422,688
CIM Trust, Series 2017-5, Class A1
2.30%		05/25/57	^1,6		4,117,029		4,075,148
CIM Trust, Series 2017-8, Class A1
3.00%		12/25/65	^1,6		15,034,241		14,764,522
CIM Trust, Series 2018-R4, Class A1
4.07%		12/26/57	^1,6		13,809,655		13,690,483
CIM Trust, Series 2018-R5, Class A1
3.75%		07/25/58	^1,6		14,275,239		14,184,897


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Citigroup Mortgage Loan Trust, Inc., Series 2005-9, Class 1A1
(LIBOR USD 1-Month plus 0.26%)
2.77%		11/25/35	²	$	79,575	$	63,587
Citigroup Mortgage Loan Trust, Inc., Series 2006-WFH2, Class A2A
(LIBOR USD 1-Month plus 0.15%)
2.66%		08/25/36	²		2,698		2,704
Citigroup Mortgage Loan Trust, Inc., Series 2006-WFH2, Class M1
(LIBOR USD 1-Month plus 0.27%)
2.78%		08/25/36	²		8,972,899		9,076,249
Citigroup Mortgage Loan Trust, Inc., Series 2006-WFH3, Class M1
(LIBOR USD 1-Month plus 0.29%)
2.80%		10/25/36	²		9,420,748		9,446,991
Citigroup Mortgage Loan Trust, Inc., Series 2007-WFH1, Class A4
(LIBOR USD 1-Month plus 0.20%)
2.71%		01/25/37	²		2,396,943		2,403,262
Citigroup Mortgage Loan Trust, Series 2006-AR3, Class 1A2A
4.10%		06/25/36	⁶		355,276		340,980
Citigroup Mortgage Loan Trust, Series 2006-HE2, Class A2D
(LIBOR USD 1-Month plus 0.24%)
2.75%		08/25/36	²		1,642,388		1,604,605
Citigroup Mortgage Loan Trust, Series 2006-NC1, Class A2C
(LIBOR USD 1-Month plus 0.14%)
2.65%		08/25/36	²		147,044		146,259
Citigroup Mortgage Loan Trust, Series 2007-WFHE2, Class A4
(LIBOR USD 1-Month plus 0.35%)
2.86%		03/25/37	²		5,557,065		5,559,794
Conseco Finance Corp., Series 1998-6, Class A8
6.66%		06/01/30	⁶		24,269		25,311
Countrywide Alternative Loan Trust, Series 2005-76, Class 1A1
(Federal Reserve US 12-Month Cumulative Average plus 1.48%)
3.64%		01/25/36	²		5,165,558		5,116,786
Countrywide Alternative Loan Trust, Series 2006-HY12, Class A5
3.87%		08/25/36	⁶		5,709,940		5,846,211
Countrywide Asset-Backed Certificates, Series 2004-15, Class MV4
(LIBOR USD 1-Month plus 1.28%)
3.59%		04/25/35	²		3,889,085		3,930,267


Issues	Maturity Date			Principal Amount		Value
MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Countrywide Home Loan Mortgage Pass-Through Trust, Series 2004-HYB7, Class 3A
4.52%		11/20/34	⁶	$	16,724	$	16,959
Countrywide Home Loan Mortgage Pass-Through Trust, Series 2005-3, Class 1A2
(LIBOR USD 1-Month plus 0.58%)
3.09%		04/25/35	²		5,606,099		5,294,007
Countrywide Home Loan Mortgage
Pass-Through Trust, Series 2005-9, Class 1A1
(LIBOR USD 1-Month plus 0.60%)
3.11%		05/25/35	²		121,312		111,699
Credit Suisse First Boston Mortgage Securities Corp., Series 2003-AR26, Class 3A1
4.54%		11/25/33	⁶		1,063,498		1,058,592
Credit Suisse First Boston Mortgage Securities Corp., Series 2005-11, Class 1A1
6.50%		12/25/35			810,237		659,227
Credit Suisse First Boston Mortgage-Backed Pass-Through Certificates, Series 2004-AR5, Class 9A1
3.34%		06/25/34	⁶		100,925		98,651
Credit Suisse Mortgage Capital, Mortgage-Backed Trust, Series 2006-8, Class 3A1
6.00%		10/25/21			77,774		71,559
Credit-Based Asset Servicing and Securitization LLC, Mortgage Loan Trust, Series 2007-CB2, Class A2B (STEP-reset date 02/25/19)
4.10%		02/25/37			6,532,622		5,048,071
Credit-Based Asset Servicing and Securitization LLC, Mortgage Loan Trust, Series 2007-CB2, Class A2C (STEP-reset date 02/25/19)
4.10%		02/25/37			1,563,529		1,208,060
Credit-Based Asset Servicing and Securitization LLC, Mortgage Loan Trust, Series 2007-CB3, Class A3 (STEP-reset date 02/25/19)
3.82%		03/25/37			3,607,692		2,060,921
Credit-Based Asset Servicing and Securitization LLC, Series 2006-CB2, Class AF3 (STEP-reset date 02/25/19)
3.46%		12/25/36			925,595		819,685
Credit-Based Asset Servicing and Securitization LLC, Series 2006-CB9, Class A2
(LIBOR USD 1-Month plus 0.11%)
2.62%		11/25/36	²		9,883,222		6,238,514


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Credit-Based Asset Servicing and Securitization LLC, Series 2007-CB1, Class AF2 (STEP-reset date 02/25/19)
3.58%		01/25/37		$	2,655,855	$	1,257,888
Credit-Based Asset Servicing and Securitization LLC, Series 2007-CB4, Class A1A
(LIBOR USD 1-Month plus 0.09%)
2.41%		04/25/37	²		3,599,545		3,338,127
Credit-Based Asset Servicing and Securitization LLC, Series 2007-CB5, Class A1
(LIBOR USD 1-Month plus 0.06%)
2.38%		04/25/37	²		1,957,507		1,398,176
DSLA Mortgage Loan Trust, Series 2004-AR4, Class 2A1A
(LIBOR USD 1-Month plus 0.36%)
2.83%		01/19/45	²		1,074,765		976,844
DSLA Mortgage Loan Trust, Series 2005-AR6, Class 2A1A
(LIBOR USD 1-Month plus 0.29%)
2.76%		10/19/45	²		5,752,441		5,698,073
DSLA Mortgage Loan Trust, Series 2006-AR2, Class 2A1A
(LIBOR USD 1-Month plus 0.20%)
2.67%		10/19/36	²		6,668,124		5,820,809
DSLA Mortgage Loan Trust, Series 2007-AR1, Class 2A1A
(LIBOR USD 1-Month plus 0.14%)
2.61%		04/19/47	²		2,423,547		2,367,268
First Franklin Mortgage Loan Trust, Series 2006-FF13, Class A2C
(LIBOR USD 1-Month plus 0.16%)
2.67%		10/25/36	²		1,062,986		810,392
First Franklin Mortgage Loan Trust, Series 2006-FF18, Class A2D
(LIBOR USD 1-Month plus 0.21%)
2.72%		12/25/37	²		1,715,343		1,494,707
First Franklin Mortgage Loan Trust, Series 2007-FF1, Class A2D
(LIBOR USD 1-Month plus 0.22%)
2.73%		01/25/38	²		5,855,613		4,326,833
First Franklin Mortgage Loan Trust, Series 2007-FF2, Class A2B
(LIBOR USD 1-Month plus 0.10%)
2.61%		03/25/37	²		751,493		509,837
First Franklin Mortgage Loan Trust, Series 2006-FF4, Class A3
(LIBOR USD 1-Month plus 0.28%)
2.87%		03/25/36	²		15,096,000		14,321,336


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
First Horizon Alternative Mortgage Securities Trust, Series 2004-AA3, Class A1
4.22%		09/25/34	⁶	$	706,602	$	698,479
First Horizon Alternative Mortgage Securities Trust, Series 2004-AA3, Class A3
4.22%		09/25/34	⁶		1,086,534		1,074,043
First Horizon Alternative Mortgage Securities Trust, Series 2005-AA10, Class 1A1
4.08%		12/25/35	⁶		1,870,581		1,708,335
First Horizon Alternative Mortgage Securities Trust, Series 2005-AA12, Class 2A1
4.08%		02/25/36	⁶		2,724,862		2,402,407
First Horizon Alternative Mortgage Securities Trust, Series 2005-AA2, Class 2A1
4.03%		04/25/35	⁶		3,263,663		3,254,002
First Horizon Alternative Mortgage Securities Trust, Series 2005-AA3, Class 3A1
4.18%		05/25/35	⁶		3,393,232		3,376,692
First Horizon Alternative Mortgage Securities Trust, Series 2005-AA7, Class 2A1
4.09%		09/25/35	⁶		4,138,133		3,768,685
First Horizon Alternative Mortgage Securities Trust, Series 2005-AA8, Class 2A1
4.14%		10/25/35	⁶		4,485,636		3,725,244
First Horizon Alternative Mortgage Securities Trust, Series 2005-AA9, Class 2A1
4.10%		11/25/35	⁶		2,613,527		2,494,903
First Horizon Alternative Mortgage Securities Trust, Series 2006-AA1, Class 1A1
4.12%		03/25/36	⁶		3,242,085		2,765,061
First Horizon Alternative Mortgage Securities Trust, Series 2006-AA7, Class A1
4.05%		01/25/37	⁶		4,592,274		4,125,377
First Horizon Mortgage Pass-Through Trust, Series 2005-AR4, Class 1A1
4.43%		09/25/35	⁶		3,456,686		3,113,404
First Horizon Mortgage Pass-Through Trust, Series 2005-AR4, Class 2A1
4.10%		10/25/35	⁶		178,518		171,305
First Horizon Mortgage Pass-Through Trust, Series 2005-AR5, Class 2A1
4.69%		11/25/35	⁶		2,002,515		1,896,027
First Horizon Mortgage Pass-Through Trust, Series 2007-AR2, Class 1A2
4.51%		08/25/37	⁶		165,163		135,319
Ginnie Mae, Series 2018-134, Class ZP
4.50%		10/20/48			13,229,447		13,225,953
GMACM Mortgage Corp. Loan Trust, Series 2005-AR5, Class 2A1
4.56%		09/19/35	⁶		1,942,828		1,663,710


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
GMACM Mortgage Corp. Loan Trust, Series 2005-AR5, Class 3A1
4.23%		09/19/35	⁶	$	2,384,638	$	2,261,591
GMACM Mortgage Corp. Loan Trust, Series 2006-AR1, Class 1A1
3.83%		04/19/36	⁶		3,211,297		2,860,701
GreenPoint Mortgage Funding Trust, Series 2005-HY1, Class 2A
(LIBOR USD 1-Month plus 0.29%)
2.80%		07/25/35	²		1,700,074		1,679,450
GreenPoint Mortgage Funding Trust, Series 2006-AR8, Class 1A2A ⁷
0.00%		^4,8,†			1,060,000		—
GreenPoint Mortgage Funding Trust, Series 2007-AR1, Class 2A1A
(LIBOR USD 1-Month plus 0.20%)
2.71%		03/25/47	²		18,098,790		16,539,990
GSAMP Trust, Series 2005-HE5, Class M2
(LIBOR USD 1-Month plus 0.43%)
2.94%		11/25/35	²		7,486,254		7,503,910
GSR Mortgage Loan Trust, Series 2005-7F, Class 3A3 (IO)
LIBOR USD 1-Month
2.99%		09/25/35	^2,4,5		28,109		503
GSR Mortgage Loan Trust, Series 2005-AR4, Class 5A1
4.28%		07/25/35	⁶		1,374,458		1,282,042
GSR Mortgage Loan Trust, Series 2006-AR2, Class 2A1
3.83%		04/25/36	⁶		299,776		260,794
GSR Mortgage Loan Trust, Series 2007-AR2, Class 5A1A
4.31%		05/25/37	⁶		1,242,794		1,109,702
HarborView Mortgage Loan Trust, Series 2005-10, Class 2A1A
(LIBOR USD 1-Month plus 0.31%)
2.78%		11/19/35	²		3,725,906		3,340,472
HarborView Mortgage Loan Trust, Series 2006-7, Class 1A
(LIBOR USD 1-Month plus 0.21%)
2.51%		09/19/46	²		16,392,342		15,271,349
HarborView Mortgage Loan Trust, Series 2007-6, Class 1A1A
(LIBOR USD 1-Month plus 0.20%)
2.67%		08/19/37	²		17,166,050		15,620,713
Home Equity Mortgage Loan Asset-Backed Trust, Series 2005-D, Class AII4
(LIBOR USD 1-Month plus 0.35%)
2.86%		03/25/36	²		8,145,598		7,985,194


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Impac CMB Trust, Series 2005-2, Class 1A1
(LIBOR USD 1-Month plus 0.52%)
3.03%		04/25/35	²	$	5,496,451	$	5,446,771
IndyMac Index Mortgage Loan Trust, Series 2005-AR19, Class A1
3.75%		10/25/35	⁶		2,998,208		2,492,773
IndyMac Index Mortgage Loan Trust, Series 2006-AR27, Class 1A3
(LIBOR USD 1-Month plus 0.27%)
2.78%		10/25/36	²		8,061,440		5,200,831
IndyMac Index Mortgage Loan Trust, Series 2006-AR7, Class 3A1
3.85%		05/25/36	⁶		615,334		540,609
IndyMac Index Mortgage Loan Trust, Series 2006-AR9, Class 3A3
3.63%		06/25/36	⁶		5,028,783		4,814,318
IndyMac Manufactured Housing Contract Pass-Through Certificates, Series 1998-1, Class A4
6.49%		09/25/28			59,773		63,523
JPMorgan Mortgage Acquisition Trust, Series 2006-ACC1, Class M1
(LIBOR USD 1-Month plus 0.27%)
2.78%		05/25/36	²		8,497,000		8,427,614
JPMorgan Mortgage Acquisition Trust, Series 2006-CH1, Class M2
(LIBOR USD 1-Month plus 0.29%)
2.80%		07/25/36	²		12,400,000		12,133,814
JPMorgan Mortgage Acquisition Trust, Series 2007-CH1, Class MV1
(LIBOR USD 1-Month plus 0.23%)
2.74%		11/25/36	²		7,689,326		7,693,147
JPMorgan Mortgage Acquisition Trust, Series 2007-CH1, Class MV3
(LIBOR USD 1-Month plus 0.32%)
2.83%		11/25/36	²		14,417,000		14,414,489
JPMorgan Mortgage Acquisition Trust,
Series 2007-CH5, Class A4
(LIBOR USD 1-Month plus 0.16%)
2.67%		06/25/36	²		3,814,657		3,786,038
JPMorgan Mortgage Trust, Series 2005-A6, Class 7A1
4.37%		08/25/35	⁶		56,115		54,914
JPMorgan Mortgage Trust, Series 2006-A3, Class 2A1
3.81%		05/25/36	⁶		49,581		47,505
JPMorgan Mortgage Trust, Series 2006-S2, Class 2A2
5.88%		06/25/21			216,126		204,462


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
JPMorgan Mortgage Trust, Series 2007-S1,Class 1A2
5.50%		03/25/22		$	111,421	$	125,171
Legacy Mortgage Asset Trust, Series 2017-RPL1, Class A
(LIBOR USD 1-Month plus 1.75%)
4.26%		01/28/70	^1,2		16,676,812		16,983,888
Lehman ABS Manufactured Housing Contract Trust, Series 2001-B, Class A3
4.35%		04/15/40			1,514		1,521
Lehman XS Trust, Series 2005-4, Class 1A3
(LIBOR USD 1-Month plus 0.80%)
3.31%		10/25/35	²		106,478		105,122
Lehman XS Trust, Series 2005-5N, Class 3A1A
(LIBOR USD 1-Month plus 0.30%)
2.81%		11/25/35	²		5,687,588		5,651,449
Lehman XS Trust, Series 2006-GP2, Class 1A5A
(LIBOR USD 1-Month plus 0.21%)
2.72%		06/25/46	²		8,750,870		8,421,497
Lehman XS Trust, Series 2007-18N, Class 1A1
(LIBOR USD 1-Month plus 0.85%)
3.36%		10/25/37	²		8,657,313		8,436,452
MASTR Adjustable Rate Mortgages Trust, Series 2003-7, Class 3A1
4.24%		11/25/33	⁶		354,669		359,221
MASTR Adjustable Rate Mortgages Trust,Series 2004-15, Class 8A1
5.30%		10/25/34	⁶		575,708		575,964
MASTR Adjustable Rate Mortgages Trust, Series 2004-3, Class 3A3
3.82%		04/25/34	⁶		85,027		85,056
MASTR Adjustable Rate Mortgages Trust, Series 2006-2, Class 4A1
4.72%		02/25/36	⁶		74,833		72,827
MASTR Adjustable Rate Mortgages Trust, Series 2007-2, Class A2⁷
0.00%		03/25/47	^4,5,8		20,725,600		—
MASTR Asset-Backed Securities Trust, Series 2007-HE1, Class A4
(LIBOR USD 1-Month plus 0.28%)
2.79%		05/25/37	²		3,150,000		2,681,062
Merrill Lynch Alternative Note Asset Trust, Series 2007-A3, Class A2D
(LIBOR USD 1-Month plus 0.33%)
2.84%		04/25/37	^2,4,5		883,581		84,033
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-4, Class 2A4
(LIBOR USD 1-Month plus 0.25%)


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
2.76%		07/25/37	²	$	1,309,671	$	877,050
Merrill Lynch Mortgage Investors Trust,Series 2003-A6, Class 2A
4.59%		10/25/33	⁶		219,163		221,405
Merrill Lynch Mortgage-Backed Securities Trust, Series 2007-2, Class 1A1
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 2.40%)
5.09%		08/25/36	²		2,084,346		2,032,457
Mid-State Capital Corp., Series 2004-1,Class B
8.90%		08/15/37			66,718		76,303
Morgan Stanley Capital I, Inc., Trust, Series 2006-NC2, Class A2D
(LIBOR USD 1-Month plus 0.29%)
2.80%		02/25/36	²		3,227,684		3,163,958
Morgan Stanley Home Equity Loan Trust, Series 2006-2, Class A4
(LIBOR USD 1-Month plus 0.28%)
2.79%		02/25/36	²		3,642,976		3,550,971
Morgan Stanley Mortgage Loan Trust, Series 2004-7AR, Class 2A4
3.95%		09/25/34	⁶		517,714		508,416
Morgan Stanley Mortgage Loan Trust, Series 2005-6AR, Class 1A1
(LIBOR USD 1-Month plus 0.28%)
2.79%		11/25/35	²		38,334		38,469
Morgan Stanley Mortgage Loan Trust, Series 2006-2, Class 1A
5.25%		02/25/21			180,338		176,234
Morgan Stanley Resecuritization Trust, Series 2013-R3, Class 12A
4.10%		01/26/47	^1,6		4,466		4,476
Morgan Stanley Resecuritization Trust, Series 2014-R9, Class 3A
(Federal Reserve US 12-Month Cumulative Average plus 0.84%)
2.89%		11/26/46	^1,2		3,163,603		3,103,604
MortgageIT Trust, Series 2005-2, Class 2A
(LIBOR USD 1-Month plus 1.65%)
4.00%		05/25/35	²		2,776,049		2,753,809
MortgageIT Trust, Series 2005-4, Class A1
(LIBOR USD 1-Month plus 0.28%)
2.79%		10/25/35	²		3,431,671		3,333,359
MortgageIT Trust, Series 2005-5, Class A1
(LIBOR USD 1-Month plus 0.26%)
2.77%		12/25/35	²		604,386		599,917
New Century Home Equity Loan Trust, Series 2005-D, Class A2D
(LIBOR USD 1-Month plus 0.33%)
2.84%		02/25/36	²		3,348,458		3,265,126


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
New York Mortgage Trust, Series 2005-3, Class A1
(LIBOR USD 1-Month plus 0.48%)
2.99%		02/25/36	²	$	810,683	$	805,804
Nomura Asset Acceptance Corp., Series 2005-AR4, Class 4A1
4.73%		08/25/35	⁶		4,344,078		4,187,048
Nomura Resecuritization Trust, Series 2016-2R, Class 1A1
2.47%		09/26/36	^1,6		5,366,367		5,272,079
Nomura Resecuritization Trust, Series 2011-2RA, Class 1A2
4.11%		12/26/46	^1,6		6,538,907		6,536,543
Oakwood Mortgage Investors, Inc., Series 2000-A, Class A5
8.16%		09/15/29	⁶		10,925,724		6,010,850
Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates, Series 2005-3, Class M2
(LIBOR USD 1-Month plus 0.48%)
2.99%		07/25/35	²		11,301,000		10,639,580
Ownit Mortgage Loan Trust, Series 2006-2, Class A1
(LIBOR USD 1-Month plus 0.21%)
2.72%		01/25/37	²		12,232,246		11,435,791
Popular ABS Mortgage Pass-Through Trust, Series 2007-A, Class A3
(LIBOR USD 1-Month plus 0.31%)
2.82%		06/25/47	²		5,152,000		4,183,207
RAAC Trust,Series 2005-SP1, Class 4A1
7.00%		09/25/34			115,948		117,670
Residential Accredit Loans Trust, Series 2005-QA13, Class 2A1
4.75%		12/25/35	⁶		2,806,888		2,537,965
Residential Accredit Loans Trust, Series 2005-QA4, Class A41
4.29%		04/25/35	⁶		137,048		128,874
Residential Accredit Loans Trust, Series 2005-QA7, Class A21
4.42%		07/25/35	⁶		1,333,534		1,261,274
Residential Accredit Loans Trust, Series 2005-QA8, Class CB21
4.56%		07/25/35	⁶		1,079,207		827,904
Residential Accredit Loans Trust, Series 2006-QS13, Class 2A1
5.75%		09/25/21			120,222		114,548
Residential Accredit Loans Trust, Series 2006-QS16, Class A6
6.00%		11/25/36			797,813		708,791


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Residential Accredit Loans Trust,Series 2007-QS1, Class 2AV (IO)
0.18%		01/25/37	^4,5,6	$	3,184,336	$	24,885
Residential Asset Securities Trust, Series 2004-KS9, Class AII4
(LIBOR USD 1-Month plus 0.60%)
3.11%		10/25/34	²		15,282		14,132
Residential Asset Securities Trust, Series 2005-KS9, Class M4
(LIBOR USD 1-Month plus 0.60%)
3.11%		10/25/35	²		5,465,000		5,425,171
Residential Asset Securitization Trust,Series 2006-A9CB, Class A9
6.00%		09/25/36			5,724,581		3,375,493
Residential Funding Mortgage Securities Trust, Series 2007-SA2, Class 1A
4.56%		04/25/37	⁶		324,295		214,519
Saxon Asset Securities Trust, Series 2005-4, Class M1
(LIBOR USD 1-Month plus 0.44%)
2.95%		11/25/37	²		8,400,000		8,364,612
Securitized Asset-Backed Receivables LLC Trust, Series 2006-CB1, Class AF4 (STEP-reset date 02/25/19)
3.37%		01/25/36			5,291,067		4,436,326
Securitized Asset-Backed Receivables LLC Trust, Series 2007-BR2, Class A2
(LIBOR USD 1-Month plus 0.23%)
2.74%		02/25/37	²		1,600,931		908,290
Securitized Asset-Backed Receivables LLC Trust, Series 2007-BR4, Class A2B
(LIBOR USD 1-Month plus 0.20%)
2.71%		05/25/37	²		2,724,898		1,761,518
Securitized Asset-Backed Receivables LLC Trust, Series 2007-NC1, Class A2B
(LIBOR USD 1-Month plus 0.15%)
2.66%		12/25/36	²		7,835,839		4,546,549
Soundview Home Loan Trust, Series 2006-WF2, Class M1
(LIBOR USD 1-Month plus 0.22%)
2.73%		12/25/36	²		12,750,000		12,649,339
Soundview Home Loan Trust, Series 2007-WMC1, Class 3A3
(LIBOR USD 1-Month plus 0.26%)
2.77%		02/25/37	²		1,148,373		450,613
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-12, Class 2A
4.24%		09/25/34	⁶		1,448,031		1,427,843
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-2, Class 4A2
4.15%		03/25/34	⁶		2,030,070		2,043,738


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
Structured Adjustable Rate Mortgage Loan Trust, Series 2005-12, Class 3A1
4.34%		06/25/35	⁶	$	1,686,098	$	1,636,926
Structured Adjustable Rate Mortgage Loan Trust, Series 2005-21, Class 2A
4.40%		11/25/35	⁶		1,584,273		1,471,843
Structured Adjustable Rate Mortgage Loan Trust, Series 2005-7, Class 1A3
4.09%		04/25/35	⁶		4,186,622		4,130,759
Structured Adjustable Rate Mortgage Loan Trust, Series 2006-11, Class 1A1
(LIBOR USD 1-Month plus 0.16%)
2.67%		12/25/36	²		159,406		148,315
Structured Asset Investment Loan Trust, Series 2004-6, Class A3
(LIBOR USD 1-Month plus 0.80%)
3.31%		07/25/34	²		16,572,759		16,159,306
Structured Asset Mortgage Investments II Trust, Series 2006-AR3, Class 22A1
3.82%		05/25/36	⁶		595,601		401,317
Structured Asset Mortgage Investments II Trust, Series 2006-AR5, Class 1A1
(LIBOR USD 1-Month plus 0.21%)
2.72%		05/25/36	²		499,551		457,911
Structured Asset Mortgage Investments II Trust, Series 2007-AR6, Class A1
(Federal Reserve US 12-Month Cumulative Average plus 1.50%)
3.66%		08/25/47	²		12,139,133		11,437,210
Structured Asset Securities Corp. Mortgage Loan Trust, Series 2005-2XS, Class 2A2
(LIBOR USD 1-Month plus 1.50%)
3.85%		02/25/35	²		164,907		161,697
Structured Asset Securities Corp. Mortgage Loan Trust, Series 2005-4XS, Class 2A1A
(LIBOR USD 1-Month plus 1.75%)
4.10%		03/25/35	²		2,241,867		2,172,173
Structured Asset Securities Corp. Mortgage Pass-Through Certificates, Series 2003-34A, Class 3A3
4.28%		11/25/33	⁶		81,105		81,316
Suntrust Adjustable Rate Mortgage Loan Trust, Series 2007-4, Class 3A1
4.30%		10/25/37	⁶		2,614,922		2,438,218
Suntrust Adjustable Rate Mortgage Loan Trust, Series 2007-S1, Class 2A1
4.69%		01/25/37	⁶		955,336		958,629
Suntrust Adjustable Rate Mortgage Loan Trust, Series 2007-S1, Class 5A1
4.62%		01/25/37	⁶		558,866		559,702


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
WaMu Asset-Backed Certificates,
Series 2007-HE1, Class 2A2
(LIBOR USD 1-Month plus 0.11%)
2.62%		01/25/37	²	$	3,852,083	$	2,440,736
WaMu Mortgage Pass-Through Certificates, Series 2004-AR13, Class A1A
(LIBOR USD 1-Month plus 0.72%)
3.23%		11/25/34	²		249,166		249,525
WaMu Mortgage Pass-Through Certificates, Series 2004-AR14, Class A1
4.31%		01/25/35	⁶		903,760		925,288
WaMu Mortgage Pass-Through Certificates, Series 2004-AR6, Class A
(LIBOR USD 1-Month plus 0.42%)
2.93%		05/25/44	²		143,769		144,155
WaMu Mortgage Pass-Through Certificates, Series 2005-AR1, Class A1A
(LIBOR USD 1-Month plus 0.64%)
3.15%		01/25/45	²		265,079		272,090
WaMu Mortgage Pass-Through Certificates, Series 2005-AR11, Class A1A
(LIBOR USD 1-Month plus 0.32%)
2.83%		08/25/45	²		645,629		619,416
WaMu Mortgage Pass-Through Certificates, Series 2005-AR12, Class 1A6
4.04%		10/25/35	⁶		1,980,699		1,955,677
WaMu Mortgage Pass-Through Certificates, Series 2005-AR13, Class A1A1
(LIBOR USD 1-Month plus 0.29%)
2.80%		10/25/45	²		1,531,981		1,519,207
WaMu Mortgage Pass-Through Certificates, Series 2005-AR14, Class 2A1
4.06%		12/25/35	⁶		38,879		37,584
WaMu Mortgage Pass-Through Certificates, Series 2005-AR16, Class 1A3
4.28%		12/25/35	⁶		2,274,811		2,275,238
WaMu Mortgage Pass-Through Certificates, Series 2005-AR2, Class 2A21
(LIBOR USD 1-Month plus 0.33%)
2.84%		01/25/45	²		1,223,922		1,182,038
WaMu Mortgage Pass-Through Certificates, Series 2005-AR6, Class 2A1A
(LIBOR USD 1-Month plus 0.46%)
2.97%		04/25/45	²		1,305,487		1,275,791
WaMu Mortgage Pass-Through Certificates, Series 2005-AR9, Class A1A
(LIBOR USD 1-Month plus 0.64%)
3.15%		07/25/45	²		1,139,026		1,141,446
WaMu Mortgage Pass-Through Certificates, Series 2006-AR3, Class A1A
(Federal Reserve US 12-Month Cumulative Average plus 1.00%)


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
Non-Agency Mortgage-Backed (continued)
3.16%		02/25/46	²	$	7,335,032	$	7,300,233
WaMu Mortgage Pass-Through Certificates, Series 2006-AR4, Class 1A1A
(Federal Reserve US 12-Month Cumulative Average plus 0.94%)
2.99%		05/25/46	²		3,051,031		3,057,007
WaMu Mortgage Pass-Through Certificates, Series 2006-AR7, Class 2A
(Federal Reserve US 12-Month Cumulative Average plus 0.98%)
3.14%		07/25/46	²		6,215,422		5,613,569
WaMu Mortgage Pass-Through Certificates, Series 2007-HY3, Class 1A1
3.17%		03/25/37	⁶		2,915,803		2,692,952
WaMu Mortgage Pass-Through Certificates, Series 2007-OA5, Class 1A
(Federal Reserve US 12-Month Cumulative Average plus 0.75%)
2.91%		06/25/47	²		2,288,472		2,071,273
Wells Fargo Alternative Loan Trust,
Series 2007-PA5, Class 1A1
6.25%		11/25/37			3,595,324		3,473,111
Wells Fargo Home Equity Asset-Backed Securities,
Series 2006-2, Class A4
(LIBOR USD 1-Month plus 0.25%)
2.76%		07/25/36	²		1,443,246		1,430,785
Wells Fargo Home Equity Asset-Backed Securities,
Series 2007-1, Class A3
(LIBOR USD 1-Month plus 0.32%)
2.83%		03/25/37	²		4,690,000		3,839,861
Wells Fargo Mortgage-Backed Securities Trust, Series 2006-AR4, Class 1A1
4.22%		04/25/36	⁶		208,880		209,406
Wells Fargo Mortgage-Backed Securities Trust, Series 2005-AR16, Class 7A1
4.75%		10/25/35	⁶		1,214,470		1,199,390
Wells Fargo Mortgage-Backed Securities Trust, Series 2006-AR10, Class 5A2
4.43%		07/25/36	⁶		200,308		200,231
Wells Fargo Mortgage-Backed Securities Trust, Series 2006-AR14, Class 2A1
4.75%		10/25/36	⁶		896,350		884,167
Wells Fargo Mortgage-Backed Securities Trust, Series 2006-AR2, Class 2A1
4.61%		03/25/36	⁶		1,708,365		1,738,887
Wells Fargo Mortgage-Backed Securities Trust, Series 2006-AR8, Class 3A2
4.66%		04/25/36	⁶		1,806,062		1,801,675


							764,858,726


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
U.S. Agency Commercial Mortgage-Backed — 5.27%
Fannie Mae-Aces, Series 2009-M2, Class X (IO)
1.36%		01/25/19	⁶	$	4,198,467	$	42
Fannie Mae-Aces, Series 2010-M5, Class X (IO)
0.89%		07/25/20	⁶		14,604,578		163,508
Fannie Mae-Aces, Series 2011-M5, Class X (IO)
1.04%		07/25/21	⁶		57,625,489		1,326,841
Fannie Mae-Aces, Series 2012-M17, Class X2 (IO)
0.35%		11/25/22	⁶		117,965,481		1,316,247
Fannie Mae-Aces, Series 2012-M2, Class X (IO)
0.67%		02/25/22	⁶		68,967,161		1,066,225
Fannie Mae-Aces, Series 2012-M4, Class X1 (IO)
0.57%		04/25/22	⁶		68,606,132		935,057
Fannie Mae-Aces, Series 2016-M11, Class X2 (IO)
2.71%		07/25/39	⁶		83,563,580		3,661,288
Fannie Mae-Aces, Series 2016-M13, Class FA
(LIBOR USD 1-Month plus 0.67%)
2.97%		11/25/23	²		5,997,837		6,004,629
Fannie Mae-Aces, Series 2016-M2, Class X3 (IO)
2.00%		04/25/36	⁶		26,152,401		1,129,499
Fannie Mae-Aces, Series 2016-M4, Class X2 (IO)
2.63%		01/25/39	⁶		33,445,788		3,013,412
Fannie Mae-Aces, Series 2018-M13, Class A1
3.70%		03/25/30	⁶		8,490,871		8,957,407
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K004, Class AX1 (IO)
1.26%		08/25/19	⁶		81,244,721		488,102
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K007, Class X1 (IO)
1.03%		04/25/20	⁶		48,978,862		493,354
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K008, Class X3 (IO)
5.28%		08/25/20	⁶		11,970,000		879,179
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K009, Class X2 (IO)
5.21%		09/25/40	⁶		10,498,652		857,835


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
U.S. Agency Commercial Mortgage-Backed (continued)
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K011, Class X3 (IO)
2.57%		12/25/43	⁶	$	50,337,359	$	2,389,434
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K015, Class X3 (IO)
2.80%		08/25/39	⁶		32,027,257		2,174,811
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K021, Class X3 (IO)
1.97%		07/25/40	⁶		19,350,000		1,280,806
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K022, Class X3 (IO)
1.81%		08/25/40	⁶		37,280,187		2,248,577
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K157, Class A3
3.99%		08/25/33	⁶		9,550,000		9,921,188
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K712, Class X3 (IO)
1.44%		05/25/40	⁶		79,541,384		1,059,094
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K719, Class X1 (IO)
0.44%		06/25/22	⁶		88,959,402		768,164
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KJ05, Class A1
1.42%		05/25/21			6,262,420		6,194,674
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KJ18, Class A1
2.46%		03/25/22			7,719,786		7,637,609
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KJ20, Class A1
3.21%		10/25/24			4,469,568		4,541,208
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KS07, Class X (IO)
0.65%		09/25/25	⁶		104,500,000		4,019,885
Freddie Mac Multifamily Structured Pass-Through Certificates, Series Q004, Class A2H
2.87%		01/25/21	⁶		16,965,733		16,951,151
Freddie Mac Multifamily Structured Pass-Through Certificates, Series Q006, Class APT2
2.48%		09/25/26	⁶		15,306,992		15,412,227


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
U.S. Agency Commercial Mortgage-Backed (continued)
Freddie Mac Multifamily Structured Pass-Through Certificates, Series Q007, Class APT1
2.99%		10/25/47	⁶	$	12,298,598	$	12,513,767
Freddie Mac Multifamily Structured Pass-Through Certificates, Series Q007, Class APT2
3.33%		10/25/47	⁶		14,810,701		15,548,792
Freddie Mac Multifamily Structured Pass-Through Certificates, Series X3FX, Class XFX (IO)
0.09%		06/25/27	⁶		275,705,754		2,579,269
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KC01, Class X1 (IO)
0.71%		12/25/22	⁶		97,413,314		1,564,312
Freddie Mac Multifamily Structured Pass-Through Certificates, Series KS01, Class X1 (IO)
1.31%		01/25/23	⁶		30,351,286		1,066,954
Ginnie Mae, Series 2006-3, Class C
5.24%		04/16/39	⁶		327,665		327,473
Ginnie Mae, Series 2011-152, Class IO (IO)
0.35%		08/16/51	⁶		15,610,839		186,471
Ginnie Mae, Series 2012-112, Class IO (IO)
0.28%		02/16/53	⁶		63,994,487		1,268,985
Ginnie Mae, Series 2012-78, Class IO (IO)
0.49%		06/16/52	⁶		92,258,083		1,936,091
Ginnie Mae, Series 2014-103, Class IO (IO)
0.61%		05/16/55	⁶		42,682,410		1,430,785
Ginnie Mae, Series 2014-125, Class IO (IO)
0.97%		11/16/54	⁶		41,343,028		2,607,486
Ginnie Mae, Series 2016-22, Class IX (IO)
1.29%		06/16/38	⁶		5,351,916		1,105,284
Ginnie Mae, Series 2017-105, Class IO (IO)
0.74%		05/16/59	⁶		24,648,868		1,824,200
Ginnie Mae, Series 2017-142, Class IO (IO)
0.82%		11/16/59	⁶		56,059,737		4,282,263
Ginnie Mae, Series 2017-148, Class IO (IO)
0.66%		07/16/59	⁶		37,014,954		2,225,824
Ginnie Mae, Series 2017-44, Class IO (IO)
0.70%		04/17/51	⁶		26,273,972		1,556,743
Ginnie Mae, Series 2018-56, Class IO (IO)
0.63%		11/16/59	⁶		55,234,062		3,145,259


							160,061,411

U.S. Agency Mortgage-Backed — 6.08%
Fannie Mae Pool
3.73%		01/01/29			16,501,800		16,862,874
3.73%		01/01/29			7,228,400		7,425,210


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
Fannie Mae Pool AN0026
3.48%		11/01/35		$	3,646,446	$	3,576,380
Fannie Mae Pool AN0564
3.20%		03/01/31			7,500,000		7,285,704
Fannie Mae Pool AN0971
3.11%		02/01/28			7,535,000		7,433,140
Fannie Mae Pool AN0976
3.26%		02/01/28			2,970,000		2,969,869
Fannie Mae Pool AN1151
3.20%		03/01/31			3,642,824		3,577,884
Fannie Mae Pool AN2799
2.21%		09/01/26			12,655,000		11,840,243
Fannie Mae Pool AN3516
(LIBOR USD 1-Month plus 0.65%)
3.00%		11/01/26	²		17,245,000		17,301,507
Fannie Mae Pool AN3597
(LIBOR USD 1-Month plus 0.64%)
2.99%		11/01/26	²		15,000,000		14,987,810
Fannie Mae Pool AN6168
3.13%		07/01/32			5,800,000		5,476,274
Fannie Mae Pool AN7345
3.21%		11/01/37			16,682,875		15,764,264
Fannie Mae Pool AN9163
3.49%		05/01/30			11,124,000		11,073,718
Fannie Mae Pool AN9572
3.77%		07/01/30			6,384,000		6,595,153
Fannie Mae Pool AN9612
3.72%		07/01/33			4,059,000		4,097,569
Fannie Mae Pool BL0242
3.82%		11/01/30			15,550,000		15,930,529
Fannie Mae REMICS, Series 2006-11, Class PS
LIBOR USD 1-Month
15.38%		03/25/36	²		23,980		34,469
Fannie Mae REMICS, Series 2006-8, Class HJ (IO)
4.09%		03/25/36	²		1,238,258		195,924
Fannie Mae REMICS, Series 2007-52, Class LS (IO)
3.54%		06/25/37	²		49,828		5,075
Fannie Mae REMICS, Series 2007-77, Class SK (IO)
3.36%		08/25/37	²		91,875		11,722
Fannie Mae REMICS, Series 2007-88, Class JI (IO)
3.94%		04/25/37	²		1,279,147		195,562
Fannie Mae REMICS, Series 2008-18, Class SM (IO)
4.49%		03/25/38	²		61,139		7,075


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
Fannie Mae REMICS, Series 2008-62, Class SN (IO)
3.69%		07/25/38	²	$	227,627	$	33,581
Fannie Mae REMICS, Series 2010-116, Class SE (IO)
4.09%		10/25/40	²		74,119		10,118
Fannie Mae REMICS, Series 2013-5, Class GF
(LIBOR USD 1-Month plus 1.10%)
3.61%		10/25/42	²		342,759		344,436
Fannie Mae REMICS, Series 2014-49, Class CF
(LIBOR USD 1-Month plus 1.00%)
3.52%		07/25/43	²		14,521,503		14,696,667
Freddie Mac Multifamily Structured Pass-Through Certificates, Series K159, Class A3
3.95%		11/25/33	⁶		10,175,000		10,417,980
Freddie Mac REMICS, Series 2711, Class FA
(LIBOR USD 1-Month plus 1.00%)
3.46%		11/15/33	²		84,883		86,793
Freddie Mac REMICS, Series 2733, Class FB
(LIBOR USD 1-Month plus 0.60%)
3.06%		10/15/33	²		354,035		357,716
Freddie Mac REMICS, Series 3339, Class JS
LIBOR USD 1-Month
26.88%		07/15/37	²		17,483		31,260
Freddie Mac REMICS, Series 3404, Class AS (IO)
3.44%		01/15/38	²		77,643		10,926
Freddie Mac REMICS, Series 3439, Class SC (IO)
3.44%		04/15/38	²		58,453		8,031
Freddie Mac REMICS, Series 3828, Class TF
(LIBOR USD 1-Month plus 0.40%)
2.86%		04/15/29	²		19,989		19,999
Freddie Mac REMICS, Series 3885, Class PO (PO)
0.00%		11/15/33	⁹		26,649		23,583
Freddie Mac REMICS, Series 4030, Class HS (IO)
LIBOR USD 1-Month
4.15%		04/15/42	²		175,955		25,256
Freddie Mac REMICS, Series 4638, Class UF
(LIBOR USD 1-Month plus 1.00%)
3.52%		09/15/44	²		4,976,000		5,004,666


Issues	Maturity Date			Principal Amount		Value

MORTGAGE-BACKED (continued)
U.S. Agency Mortgage-Backed (continued)
Freddie Mac REMICS, Series 4824, Class ZC
4.00%		09/15/48		$	302,223	$	300,934
Ginnie Mae, Series 2011-146, Class EI (IO)
5.00%		11/16/41			139,643		29,034
Ginnie Mae, Series 2011-69, Class GI (IO)
5.00%		05/16/40			189,823		13,334
Ginnie Mae, Series 2011-70, Class IL (IO)
(LIBOR USD 1-Month plus 7.10%)
0.60%		06/16/37	²		834,656		16,011
Ginnie Mae, Series 2011-81, Class IC (IO)
0.62%		07/20/35	²		1,119,159		22,013
Ginnie Mae, Series 2012-7, Class PI (IO)
3.50%		01/20/38			39,758		983
Ginnie Mae, Series 2013-135, Class CS (IO)
3.74%		09/16/43	²		3,322,288		477,770
Ginnie Mae, Series 2017-136, Class IO (IO)
5.00%		09/20/47			1,119,869		191,930


							184,770,976


Total Mortgage-Backed
(Cost $1,285,900,565)							1,260,611,512


MUNICIPAL BONDS — 0.65%*

California — 0.31%
Los Angeles Department of Water & Power, Build America Bonds, Series SY
6.01%		07/01/39			1,950,000		2,371,063
State of California, Build America Bonds
7.95%		03/01/36			6,650,000		7,022,333


							9,393,396


New York — 0.34%
City of New York, Build America Bonds, Series F1
6.65%		12/01/31			3,000,000		3,195,900
City of New York, General Purpose, Public Improvements, Series B-3
3.05%		10/01/29			2,000,000		1,882,440
New York City Municipal Water Finance Authority, Build America Bonds, Series SE
6.49%		06/15/42			1,650,000		1,726,230
New York State Dormitory Authority, Build America Bonds
5.29%		03/15/33			3,100,000		3,548,725


							10,353,295


Total Municipal Bonds
(Cost $19,995,221)							19,746,691

Issues

Maturity
Date

Principal
Amount

Value

U.S. TREASURY SECURITIES — 0.00%

U.S. Treasury Notes — 0.00%

U.S. Treasury Notes

2.75%

09/30/20

50,000

$50,196

Total U.S. Treasury Securities

(Cost $50,006)

50,196

Total Bonds – 95.03%

(Cost $2,933,654,261)

2,885,797,630


Issues	Shares		Value

COMMON STOCK — 0.03%
Electric — 0.03%
Homer City Holdings LLC^1,4,5		112,222		953,887


Total Common Stock
(Cost $5,519,754)				953,887


Issues	Maturity Date		Principal Amount/ Shares		Value

SHORT-TERM INVESTMENTS — 4.83%
Money Market Funds — 2.63%
Fidelity Investments Money Market Funds - Government Portfolio
2.24%¹⁰				1		1
Morgan Stanley Institutional Liquidity Funds-Government Portfolio
2.30%¹⁰				79,888,000		79,888,000

						79,888,001
U.S. Treasury Bills — 2.20%
U.S. Treasury Bills
2.38%¹¹		02/19/19	$	65,000,000		64,794,709
2.39%^11,12		03/28/19		2,066,000		2,054,457

						66,849,166

Total Short-Term Investments
(Cost $146,736,605)						146,737,167

Total Investments – 99.89%
(Cost $3,085,910,620)						3,033,488,684

Cash and Other Assets, Less Liabilities – 0.11%						3,285,100


Net Assets – 100.00%						$3,036,773,784

¹	Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

²	Floating rate security. The rate disclosed was in effect at December 31, 2018.

³	U.S. dollar-denominated security issued by foreign-domiciled entity.

⁴	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

⁵	Illiquid security as determined under procedures approved by the Board of Trustees. The aggregate value of illiquid securities is $6,484,611, which is 0.21% of total net assets.

⁶	Variable rate security. Interest rate disclosed is as of the most recent information available. 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.

⁷	Non-income producing security.

⁸	Security is currently in default with regard to scheduled interest or principal payments.

⁹	Zero coupon bond. The rate shown is the effective yield as of December 31, 2018.

¹⁰	Represents the current yield as of December 31, 2018.

¹¹	Represents annualized yield at date of purchase.

¹²	Securities, or a portion thereof, pledged as collateral for futures. The total market value of collateral pledged is $2,054,616.

^†

Fair valued security. The aggregate value of fair valued securities is $7,900,023, which is 0.26% of total net assets. These securities were not valued utilizing an independent quote but were valued pursuant to guidelines established by the Board of Trustees. This figure represents securities that are priced using a benchmark pricing system and securities that have been deemed permanently stale. See Notes to Financial Statements.

*	Securities with a call or reset feature will have an effective maturity date sooner than the stated maturity.

**	Securities backed by mortgage or consumer loans where payment is periodically made will have an effective maturity date sooner than the stated maturity date.

(BKNT): Banker’s Note, Inc.

(CLO): Collateralized loan obligation

(EMTN): Euro medium-term note

(GMTN): Global medium-term note

(IO): Interest only

(LIBOR): London InterBank Offer Rate

(MTN): Medium-term note

(PO): Principal only

(STEP): Step coupon bond

(USD): U.S. dollar

The following is a summary of significant accounting policies consistently followed by the Trust:

The Net Asset Value (“NAV”) of each class of a Fund is determined by dividing the net assets attributable to each class of shares of the Fund by the number of issued and outstanding shares of the class of the Fund on each business day as of 4 p.m. ET.

Fixed-income securities for which market quotations are readily available are valued at prices as provided by independent pricing vendors or broker quotes. The Funds receive pricing information from independent pricing vendors approved by the Board of Trustees (the “Board” or the “Board of Trustees”). Securities with a demand feature exercisable within one to seven days are valued at par. The Funds also use a benchmark pricing system to the extent vendors’ prices for their securities are either inaccurate (such as when the reported prices are different from recent known market transactions) or are not available from another pricing source. For a security priced using this system, the Adviser initially selects a proxy composed of a relevant security (i.e., U.S. Treasury Note) or benchmark (e.g., LIBOR) and a multiplier, divisor or margin that the Adviser believes would together best reflect changes in the market value of the security. The value of the security changes daily based on changes to the market price of the assigned benchmark. The benchmark pricing system is continuously reviewed by the Adviser and implemented according to the pricing policy reviewed by the Board. S&P 500 Index futures contracts are valued at the first sale price after 4 p.m. ET on the Chicago Mercantile Exchange. All other futures contracts are valued at the official settlement price of the exchange where it is traded. Equity securities, including depository receipts, are valued at the last reported sale price or the market’s closing price on the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the average of the bid and asked prices. In cases where equity securities are traded on more than one exchange, the securities are valued on the exchange or market determined by the Adviser to be the broadest and most representative market, which may be either a securities exchange or the over-the-counter market. Equity options are valued at the average of the bid and asked prices. Securities and other assets that cannot be valued as described above will be valued at their fair value as determined by the Adviser under guidelines established by and under the general supervision and responsibility of the Board.

Investments in registered open-ended investment companies, including those classified as money market funds, are valued based upon the reported NAV of such investments.

Fair value methods approved by the Board of Trustees include, but are not limited to, obtaining market quotations from secondary pricing services, broker-dealers, or widely used quotation systems. General factors considered in determining the fair value of securities include fundamental analytical data, the nature and duration of any restrictions on disposition of the securities, and an evaluation of the forces that influenced the market in which the investments are purchased and sold. These securities are either categorized as Level 2 or 3 depending on the relevant inputs used. In the event that the security or asset cannot be valued pursuant to one of the valuation methods established by the Board, the value of the security or asset will be determined in good faith by the Valuation Committee of the Board, generally based upon recommendation provided by the Adviser. When the Funds use these fair valuation methods applied by the Adviser that use significant unobservable inputs to determine its NAV, securities will be priced by a method that the Board or persons acting at their direction believe accurately reflect fair value and are categorized as Level 3 of the fair value hierarchy. These methods may require subjective determinations about the value of a security. While the Trust’s policy is intended to result in a calculation of a Fund’s NAV that fairly reflects security values as of the time of pricing, the Funds cannot guarantee that values determined by the Board or persons acting at their direction would accurately reflect the price that the Funds could obtain for a security if it were to dispose of that security as of the time of pricing (for instance, in a forced or distressed sale). The prices used by the Funds may differ from the value that would be realized if the securities were sold.

The books and records of each Fund are maintained in U.S. dollars as follows: (1) the foreign currency market value of investment securities, and other assets and liabilities stated in foreign currencies, are translated using the daily spot rate; and (2) purchases, sales, income and expenses are translated at the rate of exchange prevailing on the respective dates of such transactions. The resultant exchange gains and losses are included in net realized or net unrealized gain (loss) in the Statements of Operations. Pursuant to U.S. federal income tax regulations, certain foreign exchange gains and losses included in realized and unrealized gains and losses are reclassified to ordinary income for federal income tax purposes.

The Funds may be subject to withholding taxes on income and capital gains imposed by certain countries in which they invest. The withholding tax on income is netted against the income accrued or received. Any reclaimable taxes are recorded as income. The withholding tax on realized or unrealized gain is recorded as a liability.

Securities transactions are accounted for no later than the first NAV calculation on the first business day following the trade date. However, for financial reporting purposes, portfolio securities transactions are reported on the trade date. Cost is determined and gains and losses are based on the first-in, first-out method for both financial statement and federal income tax purposes. Dividend income is recorded on the ex-dividend date. Interest income is accrued daily. Discounts, including original issue discount, and premiums on securities are amortized using the effective interest method.

Distributions to shareholders are recorded on the ex-dividend date. The Funds (except the AlphaTrak 500 Fund) expect to declare dividends daily and pay them monthly to shareholders. The AlphaTrak 500 Fund expects to declare and pay dividends to shareholders quarterly. Distributions of net capital gains, if any, will be made at least annually. The Board may determine to declare and make distributions more or less frequently.

It is each Fund’s policy to continue to comply with the requirements of the Internal Revenue Code applicable to regulated investment companies and to distribute all of its net taxable income, including any net realized gain on investments, to its shareholders. Therefore, no federal income tax provision is required.

Income and long-term capital gain distributions are determined in accordance with federal income tax regulations, which may differ from accounting principles generally accepted in the United States of America (“GAAP”). Distributions determined in accordance with tax regulations may differ in amount or character from net investment income and realized gains for financial reporting purposes. Financial reporting records are adjusted for permanent book/tax differences to reflect tax character. Financial records are not adjusted for temporary differences.

Management has analyzed the Funds’ tax positions taken on federal income tax returns for all open tax years (current and prior three tax years), and has concluded that no provision for federal income tax is required in the Funds’ financial statements. The Funds are subject to examination by U.S. federal and state tax authorities for returns filed for the prior three and four fiscal years, respectively.

As of and during the three months ended December 31, 2018, the Funds did not have a liability for any unrecognized tax benefits. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Statements of Operations. During the calendar year 2018, the Funds did not incur any interest or penalties.

The Trust has defined cash and cash equivalents as cash which can be in interest-bearing accounts. The Funds also maintain cash in bank account deposits that, at times, may exceed federally insured limits. The Funds have not experienced any losses in any such accounts.

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Various inputs are used in determining the fair value of investments, which are as follows:

* Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

* Level 3 - significant unobservable inputs that are not corroborated by observable market data

The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those investments and the determination of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to each security.

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 marketplace, the liquidity of markets, and other characteristics particular to the security. 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 in determining fair value is greatest for instruments categorized in Level 3.

In periods of market dislocation, the observability of prices and inputs may be reduced for many instruments. This condition, as well as changes related to liquidity of investments, could cause a security to be reclassified between Level 1, Level 2, or 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 falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

Money market funds. Money market funds are open-ended mutual funds that invest in short-term debt securities. To the extent that these funds are valued based upon the reported NAV, they are categorized in Level 1 of the fair value hierarchy.

Short-term investments. Short-term investments (commercial paper and repurchase agreements) are valued using market price quotations, and are reflected as Level 2 of the fair value hierarchy.

Equity securities. Securities such as common stocks and warrants are generally valued based on quoted prices from the applicable exchange. To the extent these securities are actively traded, valuation adjustments are not applied and they are categorized in Level 1 of the fair value hierarchy. Restricted securities issued by publicly held companies are valued at a discount to similar publicly traded securities and may be categorized as Level 2 of the fair value hierarchy to the extent that the discount is considered to be insignificant to the fair value measurement in its entirety, otherwise they may be categorized as Level 3. Restricted securities held in non-public entities are included in Level 3 of the fair value hierarchy because they trade infrequently, and therefore, the inputs are unobservable.

Corporate bonds. The fair value of corporate bonds is estimated using recently executed transactions, market price quotations (where observable), bond spreads, or credit default swap spreads adjusted for any basis difference between cash and derivative instruments. Corporate bonds are generally categorized in Level 2 of the fair value hierarchy; in instances where prices, spreads, or any of the other aforementioned key inputs are unobservable, they are categorized in Level 3 of the hierarchy.

Asset-backed securities and mortgage-backed securities. The fair value of asset-backed securities and mortgage-backed securities is estimated based on models that consider the estimated cash flows of each debt tranche of the issuer, establish a benchmark yield, and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche including, but not limited to, the prepayment speed assumptions and attributes of the collateral. To the extent the inputs are observable and timely, the values would be categorized in Level 2 of the fair value hierarchy, otherwise they would be categorized as Level 3.

Bank loans. The fair value of bank loans is estimated using recently executed transactions, market price quotations, credit/market events, and cross-asset pricing. Inputs are generally observable market inputs obtained from independent sources. Bank Loans are generally categorized in Level 2 of the fair value hierarchy, unless key inputs are unobservable which would then be in Level 3.

Municipal bonds. Municipal bonds are fair valued based on pricing models that take into account, among other factors, information received from market makers and broker-dealers, current trades, bid-want lists, offerings, market movements, the callability of the bond, state of issuance, benchmark yield curves, and bond insurance. To the extent that these inputs are observable and timely, the fair values of municipal bonds would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

U.S. and Foreign government and agency securities. U.S. and Foreign government and agency securities are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, quoted market prices, and reference data. Some government securities are actively traded and transparent in the market place. As such, they can be Level 1. Other government and agencies securities are quoted based in similar securities and yields and therefore, would be in Level 2.

Restricted securities. Restricted securities that are deemed to be both Rule 144A securities and illiquid, as well as restricted securities held in non-public entities, are included in Level 3 of the fair value hierarchy because they trade infrequently, and, therefore, the inputs are unobservable. Any other restricted securities are valued at a discount to similar publicly traded securities and may be categorized as Level 2 of the fair value hierarchy to the extent that the discount is considered to be insignificant to the fair value measurement in its entirety, otherwise they may be categorized as Level 3.

Foreign currency contracts. The fair value of foreign currency contracts are derived from indices, reference rates, and other inputs or a combination of these factors. These contracts are normally valued on the basis of broker dealer quotations or by pricing service

providers. Depending on the product and the terms of the transaction, the value of financial derivatives can be estimated by a pricing service provider using a series of techniques, including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as indices and exchange rates. Foreign currency contracts are categorized as Level 2 of the fair value hierarchy.

Futures contracts. Futures contracts and options on futures contracts are traded on commodity exchanges and are fair valued based on quoted prices from the applicable exchange, and to the extent valuation adjustments are not applied to futures contracts, they are categorized as Level 1. To the extent that valuation adjustments are observable and timely, the fair values of futures contracts would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

Options and Swaptions contracts. Exchange listed options contracts are traded on securities exchanges and are fair valued based on quoted prices from the applicable exchange, and to the extent valuation adjustments are not applied or mean variation to exchange listed options contracts, they are categorized as Level 1. If valuation adjustments are applied and such adjustments are observable and timely, the fair values of exchange listed options contracts would be categorized as Level 2; otherwise the fair values would be categorized as Level 3. Options and swaptions contracts traded over the counter (“OTC”) are fair valued based on pricing models and incorporate various inputs such as interest rates, credit spreads, currency exchange rates and volatility measurements for in-the-money, at-the-money, and out-of-the-money contracts based on a given strike price. To the extent that these inputs are observable and timely, the fair values of OTC options and swaptions contracts would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

Interest rate swaps. Interest rate swaps are fair valued using pricing models that are based on real-time intraday snap shots of relevant interest rate curves that are built using the most actively traded securities for a given maturity. The pricing models also incorporate cash and money market rates. In addition, market data pertaining to interest rate swaps are monitored regularly to ensure that interest rates are properly depicting the current market rate. To the extent that these inputs are observable and timely, the fair values of interest rate swaps would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

Credit default swaps. Credit default swaps are fair valued using pricing models that take into account, among other factors, information received from market makers and broker-dealers, default probabilities from index specific credit spread curves, recovery rates, and cash flows. To the extent that these inputs are observable and timely, the fair values of credit default swaps would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

Total return swaps. Total return swaps are fair valued using pricing models that take into account among other factors, index spread curves, nominal values, modified duration values and cash flows. To the extent that these inputs are observable and timely, the fair values of total return swaps would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

As of December 31, 2018, Level 3 securities consist of certain asset-backed and mortgage-backed securities, bank loans, common stocks, corporate bonds and warrants.

The summary of inputs used to value each Fund’s investments and other financial instruments carried at fair value December 31, 2018 is as follows:

*Other financial instruments include futures. Interest rate contracts include futures.

*Other financial instruments include swap contracts and futures. Credit contracts include credit default swaps. Interest rate contracts include futures.

*Other financial instruments include foreign currency exchange contracts, futures and swaps. Interest rate contracts include futures and swaps.

*Other financial instruments include futures and swaps. Interest rate contracts include futures and swaps.

*Other financial instruments include futures, swaps and written swaptions. Interest rate contracts include futures, swaps and written swaptions.

*Other financial instruments include futures and swaps. Interest rate contracts include futures and swaps.

*Other financial instruments include foreign currency exchange contracts, futures, swaps and written options. Interest rate contracts include futures, swaps and written options.

*Other financial instruments include futures and foreign currency exchange contracts. Interest rate contracts include futures.

Certain of the Funds’ investments are categorized as Level 3 investments with values derived utilizing prices from prior transactions or third party pricing information without adjustment for which such inputs are unobservable. A significant change in the unobservable inputs could result in a significantly lower or higher value in such Level 3 investments.

For the nine months ended 2018 (unless otherwise noted), a reconciliation of Level 3 investments is presented when the Fund had a significant amount of level 3 investments at the beginning and/or end of the period in relation to net assets. The following tables are a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:


ALPHATRAK 500 FUND	BANK LOANS				MORTGAGE-BACKED SECURITIES

Balance as of April 1, 2018		$	32,613			$	77,800
Accrued discounts/premiums			(14	)			(7,600	)
Realized (loss)			(35	)			—
Change in unrealized appreciation/ (depreciation)^*			54				(6,263	)
Purchases			—				191,829
Sales			(25,819	)			—
Transfers into Level 3^**			—				—
Transfers out of Level 3^**			—				(27,728	)


Balance as of December 31, 2018		$	6,799			$	228,038

* The change in unrealized appreciation/(depreciation) on securities still held at December 31, 2018 was $5,293 and is included in the related realized gains/(losses) and net change in appreciation/(depreciation) in the Statements of Operations.

** Transfers into and transfers out of level 3 represent the values as of the end of the reporting period. As of March 31, 2018, the Fund used unobservable inputs in determining the value of certain investments. As of December 31, 2018, the Fund used significant observable inputs in determining the value of the same investments. As a result, investments with an end of period value of $27,728 transferred from level 3 to level 2 in the disclosure hierarchy.


CORPORATE BOND FUND	MORTGAGE- BACKED SECURITIES

Balance as of June 29, 2018^***		$ —
Accrued discounts/premiums		(33	)
Realized (loss)		—
Change in unrealized depreciation^*		(4,884	)
Purchases		58,646
Sales		—
Transfers into Level 3^**		—
Transfers out of Level 3^**		—

Balance as of December 31, 2018		$53,729

* The change in unrealized appreciation/(depreciation) on securities still held at December 31, 2018 was $(4,484) and is included in the related realized gains/(losses) and net change in appreciation/(depreciation) in the Statements of Operations.

** There were no transfers between level 2 and 3 for the period between commencement of operations and December 31, 2018.


FLOATING RATE INCOME FUND	BANK LOANS

Balance as of April 1, 2018	$	5,584,745
Accrued discounts/premiums		3,940
Realized gain		3,780
Change in unrealized appreciation^*		33,654
Purchases		—
Sales		(2,700,282	)
Transfers into Level 3^**		—
Transfers out of Level 3^**		—


Balance as of December 31, 2018	$	2,925,837

* The change in unrealized appreciation/(depreciation) on securities still held at December 31, 2018 was $(10,794) and is included in the related realized gains/(losses) and net change in appreciation/(depreciation) in the Statements of Operations.

** There were no transfers between level 2 and 3 for the nine months ended December 31, 2018.



HIGH YIELD BOND FUND	BANK LOANS				COMMON STOCK				CORPORATES				WARRANT

Balance as of April 1, 2018		$	3,644,646			$	9,106,394			$	1,474,110			$	83,507
Accrued discounts/premiums			6,065				—				2,992				—
Realized gain/(loss)			(349,873	)			—				141,600				—
Change in unrealized appreciation/ (depreciation)^*			172,289				(4,668,467	)			(353,071	)			(28,692	)
Purchases			—				—				347,000				—
Sales			(3,473,127	)			—				(1,571,168	)			—
Transfers into Level 3**			—				—				356,000				—
Transfers out of Level 3**			—				—				—				—


Balance as of December 31, 2018		$	—			$	4,437,927	***		$	397,463			$	54,815

* The change in unrealized appreciation/(depreciation) on securities still held at December 31, 2018 was $(4,709,651) and is included in the related realized gains/(losses) and net change in appreciation/(depreciation) in the Statements of Operations.



INTERMEDIATE BOND FUND	BANK LOANS				COMMON STOCK				MORTGAGE-BACKED SECURITIES

Balance as of April 1, 2018		$	1,391,498			$	136,238			$	402,435
Accrued discounts/ premiums			232				—				(18,958	)
Realized gain			574				—				—
Change in unrealized (depreciation)^*			(596	)			(68,119	)			(69,008	)
Purchases			—				—				—
Sales			(1,101,600	)			—				—
Transfers into Level 3^**			—				—				—
Transfers out of Level 3^**			—				—				(314,469	)


Balance as of December 31, 2018		$	290,108			$	68,119			$	—

* The change in unrealized appreciation/(depreciation) on securities still held at December 31, 2018 was $(68,715) and is included in the related realized gains/(losses) and net change in appreciation/(depreciation) in the Statements of Operations.

** Transfers into and transfers out of level 3 represent the values as of the end of the reporting period. As of March 31, 2018, the Fund used unobservable inputs in determining the value of certain investments. As of December 31, 2018, the Fund used significant observable inputs in determining the value of the same investments. As a result, investments with an end of period value of $314,469 transferred from level 3 to level 2 in the disclosure hierarchy.



INVESTMENT GRADE CREDIT FUND	MORTGAGE- BACKED SECURITIES

Balance as of June 29, 2018^***		$ —
Accrued discounts/premiums		180
Realized gain		576
Change in unrealized (depreciation)^*		(3,530	)
Purchases		111,334
Sales		(2,523	)
Transfers into Level 3^**		—
Transfers out of Level 3^**		—


Balance as of December 31, 2018		$106,037

* The change in unrealized appreciation/(depreciation) on securities still held at December 31, 2018 was $(3,530) and is included in the related realized gains/(losses) and net change in appreciation/(depreciation) in the Statements of Operations.

** There were no transfers between level 2 and 3 for the period between commencement of operations and December 31, 2018.



LOW DURATION BOND FUND	BANK LOANS			COMMON STOCK			MORTGAGE-BACKED SECURITIES

Balance as of April 1, 2018		$7,723,606			$1,810,517			$3,501,547
Accrued discounts/premiums		(842	)		—			(79,352	)
Realized (loss)		(36,641	)		—			—
Change in unrealized appreciation/ (depreciation)^*		130,132			(905,258	)		(344,676	)
Purchases		—			—			—
Sales		(5,532,805	)		—			—
Transfers into Level 3^**		—			—			—
Transfers out of Level 3^**		—			—			(869,808	)

Balance as of December 31, 2018		$ 2,283,450			$ 905,259			$2,207,711

* The change in unrealized appreciation/(depreciation) on securities still held at December 31, 2018 was $(929,006) and is included in the related realized gains/(losses) and net change in appreciation/(depreciation) in the Statements of Operations.

** Transfers into and transfers out of level 3 represent the values as of the end of the reporting period. As of March 31, 2018, the Fund used unobservable inputs in determining the value of certain investments. As of December 31, 2018, the Fund used significant observable inputs in determining the value of the same investments. As a result, investments with an end of period value of $869,808 transferred from level 3 to level 2 in the disclosure hierarchy.

* The change in unrealized appreciation/(depreciation) on securities still held at December 31, 2018 was $(109,732) and is included in the related realized gains/(losses) and net change in appreciation/(depreciation) in the Statements of Operations.

** Transfers into and transfers out of level 3 represent the values as of the end of the reporting period. As of March 31, 2018, the Fund used unobservable inputs in determining the value of certain investments. As of December 31, 2018, the Fund used significant observable inputs in determining the value of the same investments. As a result, investments with an end of period value of $763,931 transferred from level 3 to level 2 in the disclosure hierarchy.

*** As of December 31, 2018 GreenPoint Mortgage Funding Trust, Series 2006-AR8, Class 1A2A had a $0 market value.



TOTAL RETURN BOND FUND	ASSET-BACKED SECURITIES			BANK LOANS			COMMON STOCK			CORPORATES			MORTGAGE- BACKED SECURITIES

Balance as of April 1, 2018		$10,392,233			$ 24,876,384			$ 20,071,951			$23,600,001			$16,652,349
Accrued discounts/premiums		—			52,877			—			(40,745	)		(770,787	)
Realized (loss)		—			(12,711	)		—			—			—
Change in unrealized appreciation/(depreciation)^*		(1,358,402	)		449,557			(10,035,975	)		(1,043,651	)		(860,901	)
Purchases		—			(353,122	)		—			—			—
Sales		—			(13,600,817	)		—			(1,865,273	)		—
Transfers into Level 3^**		—			—			—			—			—
Transfers out of Level 3^**		—			—			—			—			(30)

Balance as of December 31, 2018		$ 9,033,831			$ 11,412,168			$ 10,035,976			$20,650,332			$15,020,631	***

* The change in unrealized appreciation/(depreciation) on securities still held at December 31, 2018 was $(12,874,492) and is included in the related realized gains/(losses) and net change in appreciation/(depreciation) in the Statements of Operations.

** Transfers into and transfers out of level 3 represent the values as of the end of the reporting period. As of March 31, 2018, the Fund used unobservable inputs in determining the value of certain investments. As of December 31, 2018, the Fund used significant observable inputs in determining the value of the same investments. As a result, investments with an end of period value of $30 transferred from level 3 to level 2 in the disclosure hierarchy.

*** As of December 31, 2018, GreenPoint Mortgage Funding Trust, Series 2006-AR8, Class 1A2A had a $0 market value.

* The change in unrealized appreciation/(depreciation) on securities still held at December 31, 2018 was $3,589 and is included in the related realized gains/(losses) and net change in appreciation/(depreciation) in the Statements of Operations.

** There were no transfers between level 2 and 3 for the nine months ended December 31, 2018.

*** As of March 31, 2018 and December 31, 2018, MASTR Adjustable Rate Mortgages Trust, Series 2007-2, Class A2 had a $0 market value.

* The change in unrealized appreciation/(depreciation) on securities still held at December 31, 2018 was $(746,705) and is included in the related realized gains/(losses) and net change in appreciation/(depreciation) in the Statements of Operations.

** Transfers into and transfers out of level 3 represent the values as of the end of the reporting period. As of March 31, 2018, the Fund used significant observable inputs in determining the value of certain investments. As of December 31, 2018, the Fund used unobservable inputs in determining the value of the same investments. As a result, investments with an end of period value of $1,935,750 transferred from level 2 to level 3 in the disclosure hierarchy. As of March 31, 2018, the Fund used unobservable inputs in determining the value of certain investments. As of December 31, 2018, the Fund used significant observable inputs in determining the value of the same investments. As a result, investments with an end of period value of $32,162,758 transferred from level 3 to level 2 in the disclosure hierarchy.

*** As of March 31, 2018 and December 31, 2018, Master Adjustable Rate Mortgages Trust, Series 2007-2, Class A2 had a $0 market value. As of December 31, 2018, GreenPoint Mortgage Funding Trust, Series 2006-AR8, Class 1A2A had a $0 market value.

Significant unobservable valuations inputs for Level 3 investments as of December 31, 2018, are as follows:

* The valuation technique employed on the Level 3 securities involves the use of vendor prices, broker quotes and benchmark pricing. The Adviser monitors the third-party brokers and vendors using the valuation process described below.

Investments classified within Level 3 of the fair value hierarchy may be fair valued by the Adviser with consent by the Adviser’s Pricing Working Group in accordance with procedures approved by the Board of Trustees, and under the general oversight of the Board of Trustees. The Adviser’s Pricing Working Group employs various methods to determine fair valuations including a regular review of key inputs and assumptions and review of any related market activity. The Adviser’s Pricing Working Group reports to the Board of Trustees at their regularly scheduled meetings. It is possible that fair value prices will be used by the Funds to a significant extent. The value determined for an investment using the Trust’s fair value procedures may differ from recent market prices for the investment and may be significantly different from the value realized upon the sale of such investment. The Adviser, as part of the daily process, conducts back-testing of prices based on daily trade activities.

The Adviser’s Pricing Working Group consists of the Adviser’s General Counsel, Chief Compliance Officer, internal regulatory legal counsel, members of the Adviser’s Mutual Fund Administration Department, and a representative from the portfolio management team.The Adviser’s Pricing Working Group reviews and makes recommendations concerning the fair valuation of portfolio securities and the Funds’ pricing procedures in general.

The Funds may invest in mortgage pass-through securities which represent interests in pools of mortgages in which payments of both principal and interest on the securities are generally made monthly, in effect “passing through” monthly payments made by borrowers

on the residential or commercial mortgage loans which underlie the securities (net of any fees paid to the issuer or guarantor of the securities). Mortgage pass-through securities differ from other forms of debt securities, which normally provide for periodic payment of interest in fixed amounts with principal payments at maturity or specified call dates.

The Funds may invest in securities issued by Federal National Mortgage Association (“FNMA”) and Federal Home Loan Mortgage Corp. (“FHLMC”). These are fixed-income securities that derive their value from or represent interests in a pool of mortgages or mortgage securities. An unexpectedly high rate of defaults on the mortgages held by a mortgage pool may adversely affect the value of a mortgage-backed security and could result in losses to the Funds. The risk of such defaults is generally higher in the case of mortgage pools that include sub-prime mortgages. Sub-prime mortgages refer to loans made to borrowers with weakened credit histories or with a lower capacity to make timely payments on their mortgages.

Additionally, securities issued by FNMA and FHLMC are not backed by or entitled to the full faith and credit of the United States and are supported by the right to the issuer to borrow from the Treasury.

On September 7, 2008, the Federal Housing Finance Agency was appointed as conservator of FNMA and FHLMC. In addition, the U.S. Department of the Treasury has agreed to provide capital as needed to ensure FNMA and FHLMC continue to provide liquidity to the housing and mortgage markets.

The Funds may also invest in Collateralized Mortgage Obligations (“CMOs”). CMOs are debt obligations collateralized by residential or commercial mortgage loans or residential or commercial mortgage pass-through securities. Interest and principal are generally paid monthly. CMOs may be collateralized by whole mortgage loans or private mortgage pass-through securities but are more typically collateralized by portfolios of mortgage pass-through securities guaranteed by Government National MortgageAssociation (“GNMA”), FHLMC, or FNMA. The issuer of a series of CMOs may elect to be treated for tax purposes as a Real Estate Mortgage Investment Conduit. CMOs are structured into multiple classes, each bearing a different stated maturity. Monthly payment of principal received from the pool of underlying mortgages, including prepayments, is first returned to investors holding the shortest maturity class. Investors holding the longer maturity classes usually receive principal only after shorter classes have been retired. An investor may be partially protected against a sooner than desired return of principal because of the sequential payments.

The Funds may enter into to be announced (“TBA”) commitments to purchase or sell securities for a fixed price at a future date. TBA commitments are considered securities in themselves, and involve a risk of loss if the value of the security to be purchased or sold declines or increases prior to settlement date, which is in addition to the risk of decline in the value of the Funds’ other assets. Unsettled TBA commitments are valued at the current market value of the underlying securities, according to the procedures described in Note 2 under “Security Valuation”.

The Funds may invest in Collateralized Bond Obligations (“CBOs”), Collateralized Loan Obligations (“CLOs”) and other Collateralized Debt Obligations (“CDOs”), which are debt instruments backed solely by a pool of other debt securities. The risks of an investment in a CBO, CLO or other CDO depend largely on the type of the collateral securities and the class of the CBO, CLO or other CDO in which a Fund invests. Some CBOs, CLOs and other CDOs have credit ratings, but are typically issued in various classes with various priorities. Normally, CBOs, CLOs and other CDOs are privately offered and sold (that is, not registered under the securities laws) and may be characterized by the Funds as illiquid securities, but an active dealer market may exist for CBOs, CLOs and other CDOs that qualify for Rule 144A transactions. In addition to the normal interest rate, default and other risks of fixed income securities, CBOs, CLOs and other CDOs carry additional risks, including the possibility that distributions from collateral securities will not be adequate to make interest or other payments, the quality of the collateral may decline in value or default, the Funds may invest in CBOs, CLOs and other CDOs that are subordinate to other classes, volatility in value, and the complex structure of the security may not be fully understood at the time of investment and produce disputes with the issuer or unexpected investment results.

The Funds may invest in stripped mortgage-backed securities issued by the U.S. government, its agencies and instrumentalities. Stripped mortgage-backed securities are usually structured with two classes that receive different proportions of the interest and principal distributions on a pool of mortgage assets. In certain cases, one class will receive all of the interest (the interest-only or “IO” class), while the other class will receive all of the principal (the principal-only or “PO” class). During the three months ended December 31, 2018, certain interest only securities were held as part of the overall mortgage portfolio holdings. The yield to maturity on IOs is sensitive to the rate of principal repayments (including prepayments) on the related underlying mortgage assets, and principal payments may have a material effect on yield to maturity. If the underlying mortgage assets experience greater than anticipated prepayments of principal, a Fund may not fully recoup its initial investment in IOs. Such securities will be considered liquid only if so determined in accordance with guidelines established by the Board. The Funds also may invest in stripped mortgage-backed securities that are privately issued. These securities will be considered illiquid for purposes of each Fund’s limit on illiquid securities.

The Funds may purchase participations in commercial loans, or may purchase assignments of such loans. Such indebtedness may be secured or unsecured. Loan participations typically represent direct participation in a loan to a corporate borrower, and generally are offered by banks or other financial institutions or lending syndicates. The Funds may participate in such syndications, or can buy part

of a loan, becoming a part lender. When purchasing loan participations, a Fund assumes the credit risk associated with the corporate borrower and may assume the credit risk associated with an interposed bank or other financial intermediary.The participation interests in which a Fund intends to invest may not be rated by any nationally recognized rating service. Participations and assignments also involve special types of risk, including interest rate risk, liquidity risk, and the risk of being a lender. If a Fund purchases a participation, it may only be able to enforce its rights through the lender, and may assume the credit risk of the lender in addition to the borrower.

The Funds may also sell a debt or equity security short that is, without owning it and borrow the same security from a broker or other institution to complete the sale. The Adviser may use short sales when it believes a security is overvalued or as a partial hedge against a position in a related security of the same issuer held by a Fund. The Ultra Short Bond Fund, Low Duration Bond Fund, Intermediate Bond Fund, and Total Return Bond Fund will not make total short sales exceeding 25% of the value of each respective Fund’s assets. The High Yield Bond Fund, Unconstrained Bond Fund, Floating Rate Income Fund and Strategic Income Fund will not make total short sales exceeding 33 1/3% of each respective Fund’s assets. If the value of the security sold short increases, a Fund would lose money because it would need to replace the borrowed security by purchasing it at a higher price. The potential loss is unlimited. (If the short sale was intended as a hedge against another investment, the loss on the short sale may be fully or partially offset by gains in that other investment.) At December 31, 2018, the Funds did not hold any short debt or equity.

A lender may request that the borrowed securities be returned on short notice; if that occurs at a time when other short sellers of the subject security are receiving similar requests, a “short squeeze” can occur. This means that the Funds might be compelled, at the most disadvantageous time, to replace borrowed securities previously sold short, with purchases on the open market at prices significantly greater than those at which the securities were sold short. Short selling also may produce higher than normal portfolio turnover and result in increased transaction costs to the Funds. The Funds also may make short sales “against-the-box”, in which the Funds sell short securities they own.The Funds will incur transaction costs, including interest expenses, in connection with opening, maintaining and closing short sales against-the-box, which result in a “constructive sale”, requiring the Fund to recognize any taxable gain from the transaction.

The Funds may invest in payment-in-kind securities (“PIKs”). PIKs give the issuer the option at each interest payment date of making interest payments in either cash or additional debt securities. Those additional debt securities usually have the same terms, including maturity dates and interest rates, and associated risks as the original bonds. The daily market quotations of the original bonds may include the accrued interest (referred to as a dirty price) and require a pro-rata adjustment from the unrealized appreciation or depreciation on investments to interest receivable on the Statements of Assets and Liabilities.

For the three months ended December 31, 2018, the Funds did not receive any in-kind payments with respect to PIK securities.

The Funds may invest in repurchase agreements. In a repurchase agreement, the Funds purchase a security from a counterparty who agrees to repurchase the same security at a mutually agreed upon date and price. On a daily basis, the counterparty is required to maintain collateral subject to the agreement and in value no less than the agreed repurchase amount. The agreements are conditioned upon the collateral being deposited under the Federal Reserve book entry system or held in a segregated account by the Funds’ custodian or designated sub-custodians under tri-party repurchase agreements. In the event the counterparty defaults and the fair value of the collateral declines, the Funds could experience losses, delays and costs in liquidating the collateral.

Master Repurchase Agreements (“MRAs”) permit each Fund, under certain circumstances including an event of default (such as bankruptcy or insolvency), to offset payables and/or receivables under the MRA with collateral held and/or posted to the counterparty and create one single net payment due to or from each Fund. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of a MRA counterparty’s bankruptcy or insolvency. Pursuant to the terms of the MRA, each Fund receives securities as collateral with a market value in excess of the repurchase price to be received by each Fund upon the maturity of the repurchase transaction. Upon a bankruptcy or insolvency of the MRA counterparty, each Fund recognizes a liability with respect to such excess collateral to reflect each Fund’s obligation under bankruptcy law to return the excess to the counterparty. As of December 31, 2018, the Funds did not hold any repurchase agreements.

The Funds may enter into reverse repurchase agreements, whereby a Fund sells securities concurrently with entering into an agreement to repurchase those securities at a later date at a fixed price. During the reverse repurchase agreement period, the Fund continues to receive principal and interest payments on those securities. Reverse repurchase agreements are speculative techniques involving leverage and are considered borrowings by the Fund for purposes of the percentage limitations applicable to borrowings.

Reverse repurchase transactions and treasury roll transactions are entered into by a Fund under MRAs. With reverse repurchase transactions and treasury roll transactions, typically the Funds and the counterparties are not permitted to sell, re-pledge, or use the collateral associated with the transaction. Pursuant to the terms of the MRA, a Fund receives or posts securities as collateral with a market value in excess of the repurchase price to be paid or received by a Fund upon the maturity of the transaction. Upon a bankruptcy or insolvency of the MRA counterparty, a Fund is considered an unsecured creditor with respect to excess collateral and, as such, the return of excess collateral may be delayed. There were no reverse repurchase agreements held on December 31, 2018.

Each Fund may enter into when-issued, delayed-delivery, or forward commitment transactions in order to lock in the purchase price of the underlying security, or in order to adjust the interest rate exposure of the Fund’s existing portfolio. In when-issued, delayed-delivery, or forward commitment transactions, a Fund commits to purchase or sell particular securities, with payment and delivery to take place at a future date. Although a Fund does not pay for the securities or start earning interest on them until they are delivered, it immediately assumes the risks of ownership, including the risk of price fluctuation. If a Fund’s counterparty fails to deliver a security purchased on a when-issued, delayed-delivery, or forward commitment basis, there may be a loss, and that Fund may have missed an opportunity to make an alternative investment. Prior to settlement of these transactions, the value of the subject securities will fluctuate, reflecting interest rate changes. In addition, because a Fund is not required to pay for when-issued, delayed-delivery, or forward commitment securities until the delivery date, they must result in a form of leverage to the extent a Fund does not maintain liquid assets equal to the face amount of the contract. The Funds segregate assets (cash and/or securities) to cover the amounts outstanding related to these transactions.

The Funds engaged in various portfolio investment strategies both to increase the return of the Funds and to economically hedge, or protect, their exposure to interest rate movements and movements in the securities markets. Losses may arise if the value of the contract decreases due to an unfavorable change in the price of the underlying security or if the counterparty does not perform under the contract.The Funds are subject to credit risk, equity price risk and interest rate risk in the normal course of pursuing its investment objectives by investing in various derivative financial instruments, as described below:

Over the reporting period, the Funds engaged in interest rate futures contracts, foreign currency exchange contracts, swap agreements and swaptions as a means of managing interest rate risk and yield curve positioning consistent with the Adviser’s current market perspectives.Additionally, credit default swaps were held for the purposes of (1) hedging valuation risks specific to identified market segments, industries and credits and (2) efficiently gaining income-bearing exposures to selected market segments, industries and credits. The market value of these instruments, realized and changes in unrealized gains and losses, and the types of contracts are included in the Schedule of Portfolio Investments and the Notes to Financial Statements.

Options - The Funds may purchase and write call and put options on securities, securities indices and on foreign currencies. A Fund may purchase put options on securities to seek to protect holdings in an underlying or related security against a substantial decline in market value.A Fund may purchase call options on securities to seek to protect against substantial increases in prices of securities the Fund intends to purchase pending its ability to invest in such securities in an orderly manner. The Fund pays a premium which is included as an asset on the Statements of Assets and Liabilities and subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options which expire are treated as realized losses. A Fund may write a call or put option only if the option is covered by the Fund holding a position in the underlying securities or by other means which would permit immediate satisfaction of the Fund’s obligation as writer of the option. When the Fund writes a call or put, an amount equal to the premium received is recorded as a liability and subsequently marked to market to reflect the current value of the option written.These liabilities are included on the Statements of Assets and Liabilities. Premiums received from writing options which expire are treated as realized gains. Premiums received from writing options which are exercised or closed are added to the proceeds or offset against amounts paid on the underlying futures, swap, security or currency transaction to determine the realized gain (loss). The purchase and writing of options involves certain risks. During the option period, the covered call writer has, in return for the premium on the option, given up the opportunity to profit from a price increase in the underlying securities above the sum of the premium and exercise price, but, as long as its obligation as a writer continues, has retained the risk of loss should the price of the underlying securities decline. The writer of an option has no control over the time when it may be required to fulfill its obligation as a writer of the option. Once an option writer has received an exercise notice, it cannot effect a closing purchase transaction in order to terminate its obligation under the option and must deliver the underlying securities at the exercise price. If a put or call option purchased by the Fund is not sold when it has remaining value, and if the market price of the underlying security, in the case of a put, remains equal to or greater than the exercise price or, in the case of a call, remains less than or equal to the exercise price, the Fund will lose its entire investment in the option. There can be no assurance that a liquid market will exist when a Fund seeks to close out an option position. Furthermore, if trading restrictions or suspensions are imposed on the options markets, a Fund may be unable to close out a position.

The Funds may execute transactions in both listed and over-the-counter options. Listed options involve minimal counterparty risk since listed options are guaranteed against default by the exchange on which they trade. Transactions in certain over-the-counter options may expose the Funds to the risk of default by the counterparty to the transaction. In the event of default by the counterparty to the over-the-counter option transaction, a Fund’s maximum amount of loss is the premium paid (as purchaser) or the unrealized loss of the contract (as writer). As of December 31, 2018, the Low Duration Bond Fund held written swaptions.

Futures - The Funds purchased or sold exchange-traded futures contracts, which are contracts that obligate the Funds to make or take delivery of a financial instrument or the cash value of a security index at a specified future date at a specified price. The Funds may

use futures contracts to manage exposure to the stock and bond markets or changes in interest rates and currency values, or for gaining exposure to markets. Risks of entering into futures contracts include the possibility that there may be an illiquid market at the time the Adviser to the Fund may be attempting to sell some or all the Fund holdings or that a change in the value of the contract may not correlate with changes in the value of the underlying securities. Upon entering into a futures contract, the Fund is required to deposit either cash or securities (initial margin). Subsequent payments (variation margin) are made or received by the Fund, generally on a daily basis. The variation margin payments are equal to the daily changes in the contract value and are recorded as unrealized gains or losses. The Funds recognize a realized gain or loss when the contract is closed or expires.

Futures transactions involve minimal counterparty risk since futures contracts are guaranteed against default by the exchange on which they trade.

Foreign Currency - The Funds may hold foreign currency as an economic hedge against either specific transactions or portfolio instruments or to obtain exposure to foreign currencies (foreign currency exchange rate risk).

Foreign Currency Exchange Contracts - The Funds entered into foreign currency exchange contracts as an economic hedge against either specific transactions or portfolio instruments or to obtain exposure to foreign currencies (foreign currency exchange rate risk). A foreign currency exchange contract is an agreement between two parties to buy and sell a currency at a set exchange rate on a future date. Foreign currency exchange contracts, when used by a Fund, help to manage the overall exposure to the currencies in which some of the investments held by a Fund are denominated. The contract is marked-to-market daily and the change in market value is recorded by a Fund as an unrealized gain or loss. When the contract is closed, a Fund records a realized gain or loss equal to the difference between the value at the time it was opened and the value at the time it was closed. The use of foreign currency exchange contracts involves the risk that the value of a foreign currency exchange contract changes unfavorably due to movements in the value of the referenced foreign currencies and the risk that a counterparty to the contract does not perform its obligations under the agreement.

Swaps - The Funds invested in swap agreements. Swap agreements are two-party contracts entered into primarily by institutional investors for periods ranging from a few weeks to more than a year. In a standard swap transaction, two parties agree to exchange the returns earned on specific assets, such as the return on, or increase in value of, a particular dollar amount invested at a particular interest rate, in a particular foreign currency, or in a basket of securities representing a particular index. A swap contract may not be assigned without the consent of the counterparty (and in certain circumstances may not be assignable), and may result in losses in the event of a default or bankruptcy of the counterparty.

The Funds entered into credit default swap agreements to provide a measure of protection against defaults of the issuers (i.e., to reduce risk where a Fund owns or has exposure to the referenced obligation) or to take an active long or short position with respect to the likelihood of a particular issuer’s default. The buyer in a credit default contract is obligated to pay the seller a periodic, stream of payments over the term of the contract provided no event of default has occurred. In the event of default, the seller must pay the buyer the par value (full notional value) of the reference obligation in exchange for the reference obligation. The Funds may be either the buyer or seller in such transactions. If a Fund is a buyer and no event of default occurs, the Fund loses its investment and recovers nothing. However, if an event of default occurs, the buyer receives full notional value for a reference obligation that may have little or no value. As a seller of a credit default swap, the Fund receives a fixed rate of income throughout the term of the contract, provided there is no default event. If an event of default occurs, the seller may pay the notional value of the reference obligation. The value of the reference obligation received by the seller, coupled with the periodic payments previously received may be less than the full notional value it pays to the buyer, resulting in a loss of value to the Fund. Credit default swaps involve greater risks than if the Fund had invested in the reference obligation directly. In addition to general market risks, credit default swaps are subject to illiquidity risk, counterparty risk and credit risk.

The aggregate fair value of credit default swaps in a net liability position is reflected as unrealized depreciation.The collateral posted, net of assets received as collateral, for swap contracts is also disclosed in the Notes to Schedules of Portfolio Investments.The maximum potential amount of future payments (undiscounted) that a portfolio as a seller of protection could be required to make under a credit default swap agreement is an amount equal to the notional amount of the agreement. Notional amounts of all credit default swap agreements outstanding as of December 31, 2018, for which a portfolio is the seller of protection are also disclosed. These potential amounts are partially offset by any recovery values of the respective referenced obligations, upfront payments received upon entering into the agreement, or net amounts received from the settlement of buy protection credit default swap agreements entered into by a portfolio for the same referenced entity or entities.

The Funds entered into interest rate swap agreements. Interest rate swaps are agreements in which one party pays a floating rate of interest on a notional principal amount and receives a fixed rate of interest on the same notional principal amount for a specified period of time. Alternatively, a party may pay a fixed rate and receive a floating rate. In more complex swaps, the notional principal amount may decline (or amortize) over time. The Funds’ maximum risk of loss due to counterparty default is the discounted NAV of the cash flows paid to/received from the counterparty over the interest rate swap’s remaining life. The Funds enter into interest rate

swaps to manage duration, the yield curve or interest rate risk by economically hedging the value of the fixed-rate bonds which may decrease when interest rates rise (interest rate risk).

The Funds may write (sell) and purchase put and call swaptions. Swaption contracts written by the Funds represent an option that gives the purchaser the right, but not the obligation, to enter into a new swap agreement, or to shorten, extend, cancel or modify an existing swap agreement, on a future date on specified terms. Depending on the terms of the particular option agreement, a Fund will generally incur a greater degree of risk when it writes a swaption than it will incur when it purchases a swaption. When a Fund purchases a swaption, it risks losing only the amount of the premium it has paid should it decide to let the option expire unexercised. However, when a Fund writes a swaption, upon exercise of the option the Fund will become obligated according to the terms of the underlying agreement. At December 31, 2018, the Low Duration Bond Fund held swaptions.

In addition to the securities listed above, the AlphaTrak 500 Fund invested in the following equity derivative instruments with a notional or contractual value up to its total assets: S&P 500 Index futures contracts, Mini S&P 500 Index futures contracts, options on the S&P 500 Index and S&P futures, and swap agreements involving the S&P 500 Index. When the above listed S&P Index derivatives appear to be overvalued relative to the S&P 500 Index, the Fund may invest up to 100% in the common stocks that comprise the S&P 500 Index. The Fund may also invest up to 25% of its total assets in these stocks indirectly by purchasing interests in one or more mutual funds, asset pools, or trusts that invest in such stocks.

The Funds may enter into total return swap agreements. Total return swap is the generic name for any non-traditional swap where one party agrees to pay the other the “total return” of a defined underlying asset, usually in return for receiving a stream of LIBOR based cash flows. The total return swap may be applied to any underlying asset but is most commonly used with equity indices, single stocks, bonds and defined portfolios of loans and mortgages.The total return swap is a mechanism for the user to accept the economic benefits of asset ownership without utilizing the balance sheet. The other leg of the swap, usually LIBOR, is spread to reflect the non-balance sheet nature of the product. Total return swaps can be designed with any underlying asset agreed between two parties.

As a result, unrealized gains are reported as an asset and unrealized losses are reported as a liability in the Statements of Assets and Liabilities. The change in the value of the swaps, including periodic amounts of interest paid or received on swaps is reported as unrealized gains or losses in both the Statements of Assets and Liabilities and the Statements of Operations. A realized gain or loss is recorded upon payment or termination of swap agreements. Swap agreements are stated at fair value. Notional principal amounts are used upon payment or receipt of a periodic payment or termination of swap agreements to express the extent of involvement in these transactions, but the amounts subject to credit risk are much smaller. At December 31, 2018, the Funds had outstanding swap agreements as listed in the Funds’ Schedules of Portfolio Investments. Swap transactions present risk of loss in excess of the related amounts in the Statements of Assets and Liabilities.

The Floating Rate Income Fund had the following unfunded commitments and unrealized gain/(loss) by investment as of December 31, 2018:

In the normal course of business, the Trust enters into contracts which provide a variety of representations and warranties, and that provide general indemnifications. Such contracts include those with certain service providers, brokers and trading counterparties. Any exposure to the Trust under these arrangements is unknown as it would involve future claims that may be made against the Trust; however, based on the Trust’s experience, the risk of loss is remote and no such claims are expected to occur. As such, the Trust has not accrued any liability in connection with such indemnifications.

At December 31, 2018 , the following Funds had available for federal income tax purposes unused capital losses as follows:

Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


Description	Number of Contracts	Expiration Date	Notional Amount	Value	Unrealized Appreciation
FUTURES CONTRACTS: LONG POSITIONS
U.S. Treasury Five Year Note	2	03/29/19	$229,375	$3,683	$3,683


Currency to be Purchased	Currency to be Sold	Counterparty	Settlement Date	Unrealized (Depreciation)
FOREIGN CURRENCY EXCHANGE CONTRACT
USD 6,848,645	JPY 770,000,000	Goldman Sachs International	02/12/19		$(193,460)


Reference Obligation/Index	Financing Rate Paid by the Fund		Payment Frequency		Counterparty		Expiration Date		Notional Amount^a		Value			Premiums Paid			Unrealized (Depreciation)
SWAPS: CREDIT DEFAULT (PURCHASED) - SINGLE ISSUES OTC
Arconic, Inc., 5.72%,						Goldman Sachs
due 02/23/19		1.00%		3 Months		International		03/20/19	$	9,750,000	$	(19,629	)		$	13,807		$(33,436	)
Arconic, Inc., 5.72%,						Morgan Stanley Capital
due 02/23/19		1.00%		3 Months		Services LLC		03/20/19		5,000,000		(10,066	)			8,650		(18,716	)
Teck Resources Ltd., 3.75%, due						Morgan Stanley Capital
02/01/23		1.00%		3 Months		Services LLC		03/20/19		5,000,000		(11,210	)			7,639		(18,849	)


TOTAL											$	(40,905	)		$	30,096		$(71,001	)


Description	Number of Contracts		Expiration Date		Notional Amount				Value				Unrealized Appreciation (Depreciation)
FUTURES CONTRACTS: LONG POSITIONS
U.S. Treasury Ultra Bond		1		03/20/19		$	160,656			$	8,084			$	8,084
FUTURES CONTRACTS: SHORT POSITIONS
U.S. Treasury Five Year Note		104		03/29/19			(11,927,500	)			(181,468	)			(181,468	)
U.S. Treasury Ten Year Ultra Bond		26		03/20/19			(3,382,031	)			(80,007	)			(80,007	)


							(15,309,531	)			(261,475	)			(261,475	)


TOTAL FUTURES CONTRACTS						$	(15,148,875	)		$	(253,391	)		$	(253,391	)


			Received by the Fund				Paid by the Fund
Descriptions	Put/Call	Maturity Date	Rate		Frequency		Rate		Frequency		Notional Amount (000’s)		Value			Premiums Paid		Unrealized Appreciation/ (Depreciation)
SWAPS: INTEREST RATE
Interest Rate Swap¹	Call	11/21/21		3.07%		Semi-annually		3-month USD LIBOR		Quarterly	$	168,440	$	1,747,666		$	—	$	1,747,666
Interest Rate Swap¹	Call	11/21/24		3 month USD LIBOR		Quarterly		3.08%		Semi-annually		69,245		(1,637,388	)		—		(1,637,388	)


TOTAL SWAPS CONTRACTS											$	237,685	$	110,278		$	—	$	110,278



ALPHATRAK 500 FUND	LEVEL 1	LEVEL 2	LEVEL 3	TOTAL



Investments in Securities

Assets
Short-Term Investments:
Commercial Paper	$ —	$ 99,128	$ —	$ 99,128
Money Market Funds	253,000	—	—	253,000
U.S. Treasury Bills	3,092,958	—	—	3,092,958
Long-Term Investments:
Asset-Backed Securities	—	1,404,450	—	1,404,450
Bank Loans	—	—	6,799	6,799
Corporates	—	7,308,141	—	7,308,141
Mortgage-Backed	—	2,411,636	228,038	2,639,674
Mutual Funds	240,423	—	—	240,423
U.S. Treasury Securities	1,089,705	—	—	1,089,705

Other Financial Instruments *

Liabilities:
Equity contracts	(1,112,526)	—	—	(1,112,526)

Total	$ 3,563,560	$11,223,355	$234,837	$15,021,752



CORPORATE BOND FUND	LEVEL 1	LEVEL 2	LEVEL 3	TOTAL



Investments in Securities

Assets
Short-Term Investments:
U.S. Treasury Bills	$9,944	$ —	$ —	$ 9,944
Long-Term Investments:
Corporates	—	1,699,719	—	1,699,719
Mortgage-Backed	—	263,000	53,729	316,729
Municipal Bonds	—	16,492	—	16,492

Other Financial Instruments *

Assets:
Interest rate contracts	3,683	—	—	3,683

Total	$13,627	$1,979,211	$53,729	$2,046,567



FLEXIBLE INCOME FUND	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL



Investments in Securities

Assets
Short-Term Investments:
Money Market Funds		$ 118,000		$ —		$—		$ 118,000
U.S. Treasury Bills		1,331,353		—		—		1,331,353
Long-Term Investments:
Asset-Backed Securities		—		246,416		—		246,416
Corporates		—		505,625		—		505,625
Mortgage-Backed		—		774,596		—		774,596

Total		$1,449,353		$1,526,637		$—		$2,975,990


FLOATING RATE INCOME FUND	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL



Investments in Securities

Assets
Short-Term Investments:
Foreign Government Obligations		$ —		$ 7,019,229		$ —		$ 7,019,229
Money Market Funds		10,555,000		—		—		10,555,000
U.S. Treasury Bills		15,919,715		—		—		15,919,715
Long-Term Investments:
Bank Loans		—		247,500,114		2,925,837		250,500,819
Corporates		—		11,845,409		—		11,845,409
Municipal Bonds		—		422,396		—		422,396

Other Financial Instruments *

Liabilities:
Foreign currency exchange contracts		—		(193,460)		—		(193,460)

Total		$26,474,715		$266,593,688		$2,925,837		$296,069,108



HIGH YIELD BOND FUND	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL



Investments in Securities

Assets
Short-Term Investments:
Money Market Funds		$ 7,059,000		$ —		$ —		$ 7,059,000
U.S. Treasury Bills		40,698,884		—		—		40,698,884
Long-Term Investments:
Bank Loans		—		93,910,173		—		93,910,173
Common Stock		—		—		4,437,927		4,437,927
Corporates		—		365,954,000		397,463		366,351,463
Mortgage-Backed		—		238,234		—		238,234
Warrant		—		—		54,815		54,815

Other Financial Instruments *

Assets:
Interest rate contracts		1,477,436		—		—		1,477,436
Liabilities:
Credit contracts		—		(40,905)		—		(40,905)
Interest rate contracts		(367,110)		—		—		(367,110)


Total	$	48,868,210	$	460,061,502	$	4,890,205	$	513,819,917



INTERMEDIATE BOND FUND	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL



Investments in Securities

Assets
Short-Term Investments:
Commercial Paper		$ —		$ 1,343,190		$ —		$ 1,343,190
Foreign Government Obligations		—		10,801,656		—		10,801,656
Money Market Funds		12,612,018		—		—		12,612,018
U.S. Treasury Bills		15,076,995		—		—		15,076,995
Long-Term Investments:
Asset-Backed Securities		—		49,012,588		—		49,012,588
Bank Loans		—		4,970,043		290,108		5,260,151
Common Stock		—		—		68,119		68,119
Corporates		—		262,330,372		—		262,330,372
Mortgage-Backed		—		112,317,699		—		112,317,699
Municipal Bonds		—		13,376,387		—		13,376,387
U.S. Treasury Securities		245,249,674		3,345,912		—		248,595,586

Other Financial Instruments *

Assets:
Interest rate contracts		2,158,582		398,890		—		2,557,472
Liabilities:
Foreign currency exchange contracts		—		(257,575)		—		(257,575)
Interest rate contracts		(47,372)		(373,730)		—		(421,102)


Total	$	275,049,897	$	457,265,432	$	358,227	$	732,673,556



INVESTMENT GRADE CREDIT FUND	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL

Investments in Securities

Assets

Short-Term Investments:

Money Market Funds		$42,000		$ —		$ —		$ 42,000

U.S. Treasury Bills		26,849		—		—		26,849

Long-Term Investments:

Asset-Backed Securities		—		538,617		—		538,617

Corporates		—		2,671,173		—		2,671,173

Mortgage-Backed		—		2,165,311		106,037		2,271,348

Municipal Bonds		—		10,412		—		10,412

U.S. Treasury Securities		47,722		—		—		47,722

Other Financial Instruments *

Assets:

Interest rate contracts		33,437		3,165		—		36,602

Liabilities:

Interest rate contracts		(32,832)		(2,956)		—		(35,788)

Total		$117,176		$5,385,722		$106,037		$5,608,935



LOW DURATION BOND FUND	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL

Investments in Securities
Assets
Short-Term Investments:
Commercial Paper		$ —		$ 5,947,705		$ —		$ 5,947,705
Money Market Funds		3,899,044		—		—		3,899,044
U.S. Treasury Bills		47,267,029		—		—		47,267,029
Long-Term Investments:
Asset-Backed Securities		—		145,520,680		—		145,520,680
Bank Loans		—		12,552,087		2,283,450		14,835,537
Common Stock		—		—		905,259		905,259
Corporates		—		841,440,788		—		841,440,788
Mortgage-Backed		—		438,406,470		2,207,711		440,614,181
Municipal Bonds		—		603,282		—		603,282
Purchased Swaptions		—		22,911		—		22,911
U.S. Treasury Securities		735,691,074		—		—		735,691,074

Other Financial Instruments *

Assets:
Interest rate contracts		8,565,838		1,247,406		—		9,813,244
Liabilities:
Interest rate contracts		(163,925)		(1,177,820)		—		(1,341,745)


Total	$	795,259,060	$	1,444,563,509	$	5,396,420	$	2,245,218,989



STRATEGIC INCOME FUND	LEVEL 1			LEVEL 2			LEVEL 3		TOTAL

Investments in Securities

Assets

Short-Term Investments:

Money Market Funds		$ 262,000			$ —			$ —		$ 262,000

U.S. Treasury Bills		1,107,222			—			—		1,107,222

Long-Term Investments:

Asset-Backed Securities		—			11,003,227			133,161		11,136,388

Corporates		—			33,394,838			—		33,394,838

Foreign Government Obligations		—			929,235			—		929,235

Mortgage-Backed		—			35,549,342			422,148		35,971,490

Municipal Bonds		—			884,427			—		884,427

U.S. Treasury Securities		85,334			—			—		85,334

Other Financial Instruments *

Assets:

Interest rate contracts		8,084			49,440			—		57,524

Liabilities:

Interest rate contracts		(261,475	)		(46,347	)		—		(307,822	)


Total	$	1,201,165		$	81,764,162		$	555,309	$	83,520,636



TOTAL RETURN BOND FUND	LEVEL 1			LEVEL 2		LEVEL 3		TOTAL

Investments in Securities

Assets

Short-Term Investments:

Commercial Paper		$ —			$ 152,472,688		$ —		$ 152,472,688

Foreign Government Obligations		—			1,404,430,875		—		1,404,430,875

Money Market Funds		657,034,024			—		—		657,034,024

U.S. Agency Discount Notes		—			348,880,915		—		348,880,915

U.S. Treasury Bills		938,537,212			—		—		938,537,212

Long-Term Investments:

Asset-Backed Securities		—			4,141,722,708		9,033,831		4,150,756,539

Bank Loans		—			666,311,555		11,412,168		677,723,723

Common Stock		—			—		10,035,976		10,035,976

Corporates		—			24,371,782,732		20,650,332		24,392,433,064

Foreign Government Obligations		—			100,648,390		—		100,648,390

Mortgage-Backed		—			28,654,900,493		15,020,631		28,669,921,124

Municipal Bonds		—			505,627,107		—		505,627,107

Purchased Options - Exchange Traded		437,500			—		—		437,500

U.S. Treasury Securities		8,290,491,549			1,309,480,071		—		9,599,971,620

Other Financial Instruments *

Assets:

Interest rate contracts		279,613,002			39,646,931		—		319,259,933

Liabilities:

Foreign currency exchange contracts		—			(33,538,166)		—		(33,538,166)

Interest rate contracts		(30,319,179	)		(37,168,673)		—		(67,487,852)


Total	$	10,135,794,108		$	61,625,197,626	$	66,152,938	$	71,827,144,672



ULTRA SHORT BOND FUND	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL

Investments in Securities

Assets

Short-Term Investments:

Commercial Paper		$ —		$ 223,039		$ —		$ 223,039

Foreign Government Obligations		—		3,190,377		—		3,190,377

Money Market Funds		2,464,000		—		—		2,464,000

U.S. Treasury Bills		15,709,763		—		—		15,709,763

Long-Term Investments:

Asset-Backed Securities		—		2,361,631		—		2,361,631

Corporates		—		28,129,782		—		28,129,782

Mortgage-Backed		—		28,452,659		30,889		28,483,548

U.S. Treasury Securities		30,430,007		—		—		30,430,007

Other Financial Instruments *

Assets:

Interest rate contracts		48,489		—		—		48,489

Liabilities:

Foreign currency exchange contracts		—		(58,142)		—		(58,142)


Total	$	48,652,259	$	62,299,346	$	30,889	$	110,982,494



UNCONSTRAINED BOND FUND	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL



Investments in Securities

Assets
Short-Term Investments:
Money Market Funds		$79,888,001		$ —		$ —		$ 79,888,001
U.S. Treasury Bills		66,849,166		—		—		66,849,166
Long-Term Investments:
Asset-Backed Securities		—		451,843,642		—		451,843,642
Bank Loans		—		25,482,356		2,567,715		28,050,071
Common Stock		—		—		953,887		953,887
Corporates		—		1,075,707,560		2,853,588		1,078,561,148
Foreign Government Obligations		—		46,934,370		—		46,934,370
Mortgage-Backed		—		1,260,502,091		109,421		1,260,611,512
Municipal Bonds		—		19,746,691		—		19,746,691
U.S. Treasury Securities		50,196		—		—		50,196

Other Financial Instruments *

Assets:
Interest rate contracts		4,999,912		1,747,666		—		6,747,578

Liabilities:
Interest rate contracts		(7,094,151)		(1,637,388)		—		(8,731,539)


Total		$ 144,693,124		$ 2,880,326,988		$ 6,484,611		$ 3,031,504,723


STRATEGIC INCOME FUND	ASSET-BACKED SECURITIES			MORTGAGE- BACKED SECURITIES

Balance as of April 1, 2018		$211,574			$ 1,238,386
Accrued discounts/premiums		220			10,637
Realized gain (loss)		579			(51,803	)
Change in unrealized (depreciation)^*		(28,267	)		(231,149	)
Purchases		—			276,613
Sales		(50,945	)		(56,605	)
Transfers into Level 3**		—			—
Transfers out of Level 3**		—			(763,931	)

Balance as of December 31, 2018		$133,161			$ 422,148	***



ULTRA SHORT BOND FUND	MORTGAGE-BACKED SECURITIES

Balance as of April 1, 2018		$31,324
Accrued discounts/premiums		(4,024	)
Realized (loss)		—
Change in unrealized appreciation^*		3,589
Purchases		—
Sales		—
Transfers into Level 3^**		—
Transfers out of Level 3^**		—

Balance as of December 31, 2018		$30,889	***



UNCONSTRAINED BOND FUND	BANK LOANS			COMMON STOCK			CORPORATES			MORTGAGE- BACKED SECURITIES

Balance as of April 1, 2018		$ 5,782,639			$1,907,774			$2,155,066			$38,334,680
Accrued discounts/premiums		8,432			—			(6,403	)		(1,313,063	)
Realized (loss)		(117,708	)		—			(22,456	)		(263,272	)
Change in unrealized appreciation/ (depreciation)^*		321,101			(953,887	)		(1,038,039	)		(6,034,299	)
Purchases		—			—			—			2,061,515
Sales		(3,426,749	)		—			(170,330	)		(513,382	)
Transfers into Level 3^**		—			—			1,935,750			—
Transfers out of Level 3^**		—			—			—			(32,162,758	)

Balance as of December 31, 2018		$ 2,567,715			$ 953,887			$ 2,853,588			$ 109,421	***



ALPHATRAK 500 FUND	FAIR VALUE AT 12/31/18	VALUATION TECHNIQUE*	UNOBSERVABLE INPUT	RANGE	WEIGHTED AVERAGE

Bank Loans	$6,799	Third-party Vendor	Vendor Prices	$99.63	$99.63

Mortgage-Backed Securities - Commercial Mortgage-Backed	$183,497	Third-party Vendor	Vendor Prices	0.86 - 4.78	3.57

Mortgage-Backed Securities-Non Agency	$44,541	Third-party Vendor	Vendor Prices	1.46	1.46


CORPORATE BOND FUND	FAIR VALUE AT 12/31/18	VALUATION TECHNIQUE*	UNOBSERVABLE INPUT	RANGE	WEIGHTED AVERAGE

Mortgage-Backed Securities- Commercial Mortgage-Backed	$53,729	Third-party Vendor	Vendor Prices	$2.71	$2.71


FLOATING RATE INCOME FUND	FAIR VALUE AT 12/31/18	VALUATION TECHNIQUE*	UNOBSERVABLE INPUT	RANGE	WEIGHTED AVERAGE

Bank Loans	$2,925,837	Third-party Vendor	Vendor Prices	$95.84	$95.84


HIGH YIELD BOND FUND	FAIR VALUE AT 12/31/18	VALUATION TECHNIQUE*	UNOBSERVABLE INPUT	RANGE	WEIGHTED AVERAGE

Common Stock	$4,437,927	Broker Quote	Offered Quote	$0.00 - $45.50	$9.86

Corporate Securities	$397,463	Third-party Vendor	Vendor Prices	44.50 - 107.56	79.32

Warrant	$54,815	Third-party Vendor	Vendor Prices	3.13 - 4.25	4.10


INTERMEDIATE BOND FUND	FAIR VALUE AT 12/31/18	VALUATION TECHNIQUE*	UNOBSERVABLE INPUT	RANGE	WEIGHTED AVERAGE

Bank Loans	$290,108	Third-party Vendor	Vendor Prices	$99.63	$99.63

Common Stock	$68,119	Third-party Vendor	Vendor Prices	8.50	8.50


INVESTMENT GRADE CREDIT FUND	FAIR VALUE AT 12/31/18	VALUATION TECHNIQUE*	UNOBSERVABLE INPUT	RANGE	WEIGHTED AVERAGE

Mortgage-Backed Securities- Commercial Mortgage-Backed	$31,691	Third-party Vendor	Vendor Prices	$0.86	$0.86

Mortgage-Backed Securities-Non- Agency	$74,346	Third-party Vendor	Vendor Prices	76.48	76.48


LOW DURATION BOND FUND	FAIR VALUE AT 12/31/18	VALUATION TECHNIQUE*	UNOBSERVABLE INPUT	RANGE	WEIGHTED AVERAGE

Bank Loans	$2,283,450	Third-party Vendor	Vendor Prices	$93.54 - $99.63	$97.17

Common Stock	$905,259	Broker Quote	Offered Quote	8.50	8.50

Mortgage-Backed Securities-Non- Agency	$2,207,711	Third-party Vendor	Vendor Prices	1.87	1.87



UNFUNDED COMMITMENTS	MATURITY		AMOUNT		UNREALIZED (LOSS)
TricorBraun Holdings Inc, Delayed Draw Term Loan 1st Lien		November 2023		$ 132,358		$ (1,171	)
Pearl Intermediate Parent LLC, Delayed Draw Term Loan, 1st Lien		February 2025		102,577		(5,257	)

Carlisle Foodservice Products Incorporated, Term Loan 1st Lien		March 2025		87,883		(4,141	)

Premise Health Holding Corp, Delayed Draw Term Loan, 1st lien		July 2025		54,595		(832	)

St. George’s University Scholastic Services LLC, Delayed Draw Term Loan		July 2025		510,288		(10,500	)

GlobalLogic Holdings Inc, Delayed Draw Term Loan		July 2025		60,391		(1,797	)

VT Topco Inc, Delayed Draw Term Loan, 1st Lien		August 2025		98,247		(1,086	)

NMN Holdings III Corp, Delayed Draw Term Loan, 1st Lien		November 2025		257,250		(4,594	)


Total Unfunded Commitments				$1,303,589		$(29,378	)



FUND	EXPIRING IN 2019			EXPIRING IN 2020			SHORTTERM NON-EXPIRING AMOUNTS*		LONG TERM NON-EXPIRING AMOUNTS*

AlphaTrak 500 Fund		$	12,617,196		$	—		$ —		$ —

Floating Rate Income Fund			—			—		—		1,027,619

High Yield Bond Fund			—			—		—		78,611,678

Intermediate Bond Fund			—			—		23,617,689		1,676,650

Low Duration Bond Fund			42,081,240			—		15,297,621		62,789,709

Strategic Income Fund			41,345,040			—		—		—

Total Return Bond Fund			—			—		1,611,508,344		98,450,214

Ultra Short Bond Fund			10,083,524			—		512,256		4,871,467

Unconstrained Bond Fund			—			—		—		—


By (Signature and Title)*		/s/ David B. Lippman
		David B. Lippman, President and Principal Executive Officer
		(principal executive officer)


By (Signature and Title)*		/s/ David S. DeVito
		David S. DeVito, Treasurer, Principal Financial Officer and Principal Accounting Officer
		(principal financial officer)