Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

1

/

June

2022

Issues

Maturity

Date

Principal

Amount

Value

BONDS

–

99.43%

ASSET-BACKED

SECURITIES

—

6.11%**  

Academic

Loan

Funding

Trust,

Series

2012-1A,

Class

A2

(LIBOR

USD

1-Month

plus

1.10%)

2.72%

12/27/44

1,2

$

508,042‌

$

491,827‌

AIG

CLO

Ltd.,

Series

2019-2A,

Class

BR

(Cayman

Islands)

(LIBOR

USD

3-Month

plus

1.60%)

2.78%

10/25/33

1,2,3

2,200,000‌

2,088,812‌

AMMC

CLO

19

Ltd.,

Series

2016-19A,

Class

AR

(Cayman

Islands)

(LIBOR

USD

3-Month

plus

1.14%)

2.18%

10/16/28

1,2,3

366,664‌

364,328‌

Barings

CLO

Ltd.,

Series

2013-IA,

Class

AR

(Cayman

Islands)

(LIBOR

USD

3-Month

plus

0.80%)

1.86%

01/20/28

1,2,3

990,998‌

977,422‌

Bayview

Commercial

Asset

Trust,

Series

2004-3,

Class

A1

(LIBOR

USD

1-Month

plus

0.56%)

2.18%

01/25/35

1,2

220,557‌

219,280‌

Brazos

Higher

Education

Authority,

Inc.,

Series

2010-1,

Class

A2

(LIBOR

USD

3-Month

plus

1.20%)

2.72%

02/25/35

2

650,000‌

640,129‌

Brazos

Higher

Education

Authority,

Inc.,

Series

2011-1,

Class

A2

(LIBOR

USD

3-Month

plus

0.80%)

2.32%

02/25/30

2

8,559‌

8,524‌

Brazos

Higher

Education

Authority,

Inc.,

Series

2011-2,

Class

A3

(LIBOR

USD

3-Month

plus

1.00%)

2.18%

10/27/36

2

1,030,000‌

1,020,024‌

Cedar

Funding

XII

CLO

Ltd.,

Series

2020-12A,

Class

A1R

(Cayman

Islands)

(LIBOR

USD

3-Month

plus

1.13%)

2.31%

10/25/34

1,2,3

2,000,000‌

1,928,182‌

CIT

Education

Loan

Trust,

Series

2007-1,

Class

A

(LIBOR

USD

3-Month

plus

0.09%)

2.29%

03/25/42

1,2

187,084‌

174,689‌

CoreVest

American

Finance

Trust,

Series

2019-1,

Class

XA

(IO)

2.35%

03/15/52

1,4

2,555,468‌

107,357‌

Dryden

XXVI

Senior

Loan

Fund,

Series

2013-26A,

Class

AR

(Cayman

Islands)

(LIBOR

USD

3-Month

plus

0.90%)

1.94%

04/15/29

1,2,3

1,640,179‌

1,615,412‌

Educational

Funding

of

the

South,

Inc.,

Series

2011-1,

Class

A2

(LIBOR

USD

3-Month

plus

0.65%)

1.83%

04/25/35

2

132,408‌

131,548‌

Issues

Maturity

Date

Principal

Amount

Value

ASSET-BACKED

SECURITIES

(continued)

Global

SC

Finance

II

SRL,

Series

2014-1A,

Class

A2

(Barbados)

3.09%

07/17/29

1,3

$

348,668‌

$

340,706‌

Higher

Education

Funding

I,

Series

2014-1,

Class

A

(LIBOR

USD

3-Month

plus

1.05%)

2.57%

05/25/34

1,2

377,666‌

376,732‌

J.G.

Wentworth

XXX

LLC,

Series

2013-3A,

Class

A

4.08%

01/17/73

1

360,525‌

348,348‌

J.G.

Wentworth

XXXII

LLC,

Series

2014-2A,

Class

A

3.61%

01/17/73

1

679,657‌

640,431‌

LCM

XVIII

LP,

Series

19A,

Class

AR

(Cayman

Islands)

(LIBOR

USD

3-Month

plus

1.24%)

2.28%

07/15/27

1,2,3

16,554‌

16,466‌

LCM

XX

LP,

Series

20A,

Class

AR

(Cayman

Islands)

(LIBOR

USD

3-Month

plus

1.04%)

2.10%

10/20/27

1,2,3

673,365‌

667,372‌

Navient

Student

Loan

Trust,

Series

2014-1,

Class

A3

(LIBOR

USD

1-Month

plus

0.51%)

2.13%

06/25/31

2

548,436‌

531,203‌

Navient

Student

Loan

Trust,

Series

2014-3,

Class

A

(LIBOR

USD

1-Month

plus

0.62%)

2.24%

03/25/83

2

1,454,395‌

1,385,466‌

Navient

Student

Loan

Trust,

Series

2014-4,

Class

A

(LIBOR

USD

1-Month

plus

0.62%)

2.24%

03/25/83

2

1,306,723‌

1,245,108‌

Navient

Student

Loan

Trust,

Series

2016-2A,

Class

A3

(LIBOR

USD

1-Month

plus

1.50%)

3.12%

06/25/65

1,2

1,601,532‌

1,610,075‌

Nelnet

Student

Loan

Trust,

Series

2014-4A,

Class

A2

(LIBOR

USD

1-Month

plus

0.95%)

2.57%

11/25/48

1,2

1,370,000‌

1,337,764‌

Neuberger

Berman

CLO

XX

Ltd.,

Series

2015-20A,

Class

ARR

(Cayman

Islands)

(LIBOR

USD

3-Month

plus

1.16%)

2.20%

07/15/34

1,2,3

2,140,000‌

2,064,351‌

OCP

CLO

Ltd.,

Series

2020-19A,

Class

AR

(Cayman

Islands)

(LIBOR

USD

3-Month

plus

1.15%)

2.21%

10/20/34

1,2,3

1,850,000‌

1,788,519‌

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

June

2022

/

2

Issues

Maturity

Date

Principal

Amount

Value

ASSET-BACKED

SECURITIES

(continued)

Octagon

Investment

Partners

46

Ltd.,

Series

2020-2A,

Class

AR

(Cayman

Islands)

(LIBOR

USD

3-Month

plus

1.16%)

2.20%

07/15/36

1,2,3

$

2,000,000‌

$

1,927,358‌

Progress

Residential

Trust,

Series

2021-SFR8,

Class

D

2.08%

10/17/38

1

1,150,000‌

992,872‌

Recette

CLO

Ltd.,

Series

2015-1A,

Class

ARR

(Cayman

Islands)

(LIBOR

USD

3-Month

plus

1.08%)

2.14%

04/20/34

1,2,3

1,875,000‌

1,806,656‌

Regata

XII

Funding

Ltd.,

Series

2019-1A,

Class

BR

(Cayman

Islands)

(LIBOR

USD

3-Month

plus

1.60%)

2.64%

10/15/32

1,2,3

2,100,000‌

2,003,085‌

Rockford

Tower

CLO

Ltd.,

Series

2019-2A,

Class

AR

(Cayman

Islands)

(LIBOR

USD

3-Month

plus

1.10%)

2.58%

08/20/32

1,2,3

2,000,000‌

1,944,192‌

Skyline

Aircraft

Finance

LLC,

Series

2021-1,

Class

A

3.23%

05/10/37

5,6

2,130,493‌

1,961,386‌

SLC

Student

Loan

Trust,

Series

2004-1,

Class

B

(LIBOR

USD

3-Month

plus

0.29%)

1.70%

08/15/31

2

102,421‌

94,843‌

SLC

Student

Loan

Trust,

Series

2008-1,

Class

A4A

(LIBOR

USD

3-Month

plus

1.60%)

3.43%

12/15/32

2

208,039‌

208,718‌

SLM

Student

Loan

Trust,

Series

2004-2,

Class

B

(LIBOR

USD

3-Month

plus

0.47%)

1.65%

07/25/39

2

134,778‌

128,805‌

SLM

Student

Loan

Trust,

Series

2006-8,

Class

A6

(LIBOR

USD

3-Month

plus

0.16%)

1.34%

01/25/41

2

931,394‌

887,071‌

SLM

Student

Loan

Trust,

Series

2008-2,

Class

A3

(LIBOR

USD

3-Month

plus

0.75%)

1.93%

04/25/23

2

3,169,567‌

3,082,478‌

SLM

Student

Loan

Trust,

Series

2008-2,

Class

B

(LIBOR

USD

3-Month

plus

1.20%)

2.38%

01/25/83

2

185,000‌

167,312‌

SLM

Student

Loan

Trust,

Series

2008-3,

Class

B

(LIBOR

USD

3-Month

plus

1.20%)

2.38%

04/26/83

2

185,000‌

170,390‌

Issues

Maturity

Date

Principal

Amount

Value

ASSET-BACKED

SECURITIES

(continued)

SLM

Student

Loan

Trust,

Series

2008-4,

Class

B

(LIBOR

USD

3-Month

plus

1.85%)

3.03%

04/25/73

2

$

185,000‌

$

181,348‌

SLM

Student

Loan

Trust,

Series

2008-5,

Class

B

(LIBOR

USD

3-Month

plus

1.85%)

3.03%

07/25/73

2

2,235,000‌

2,214,109‌

SLM

Student

Loan

Trust,

Series

2008-6,

Class

A4

(LIBOR

USD

3-Month

plus

1.10%)

2.28%

07/25/23

2

1,652,404‌

1,621,421‌

SLM

Student

Loan

Trust,

Series

2008-6,

Class

B

(LIBOR

USD

3-Month

plus

1.85%)

3.03%

07/26/83

2

185,000‌

173,266‌

SLM

Student

Loan

Trust,

Series

2008-7,

Class

B

(LIBOR

USD

3-Month

plus

1.85%)

3.03%

07/26/83

2

185,000‌

171,666‌

SLM

Student

Loan

Trust,

Series

2008-8,

Class

B

(LIBOR

USD

3-Month

plus

2.25%)

3.43%

10/25/75

2

185,000‌

185,306‌

SLM

Student

Loan

Trust,

Series

2008-9,

Class

A

(LIBOR

USD

3-Month

plus

1.50%)

2.68%

04/25/23

2

567,250‌

564,371‌

SLM

Student

Loan

Trust,

Series

2008-9,

Class

B

(LIBOR

USD

3-Month

plus

2.25%)

3.43%

10/25/83

2

1,885,000‌

1,878,136‌

SLM

Student

Loan

Trust,

Series

2009-3,

Class

A

(LIBOR

USD

1-Month

plus

0.75%)

2.37%

01/25/45

1,2

2,504,322‌

2,447,980‌

SLM

Student

Loan

Trust,

Series

2011-2,

Class

A2

(LIBOR

USD

1-Month

plus

1.20%)

2.82%

10/25/34

2

444,536‌

442,440‌

SLM

Student

Loan

Trust,

Series

2012-7,

Class

A3

(LIBOR

USD

1-Month

plus

0.65%)

2.27%

05/26/26

2

551,070‌

531,095‌

Structured

Receivables

Finance

LLC,

Series

2010-A,

Class

B

7.61%

01/16/46

1

438,833‌

454,321‌

Student

Loan

Consolidation

Center

Student

Loan

Trust

I,

Series

2002-2,

Class

B2

(28

Day

Auction

Rate

plus

0.00%)

1.61%

07/01/42

1,2

500,000‌

461,009‌

Vantage

Data

Centers

Issuer

LLC,

Series

2018-2A,

Class

A2

4.20%

11/16/43

1

2,024,750‌

2,009,108‌

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

3

/

June

2022

Issues

Maturity

Date

Principal

Amount

Value

ASSET-BACKED

SECURITIES

(continued)

Velocity

Commercial

Capital

Loan

Trust,

Series

2019-1,

Class

A

3.76%

03/25/49

1,4

$

2,250,791‌

$

2,199,523‌

Total

Asset-Backed

Securities

(Cost

$54,950,923)

53,030,340‌

BANK

LOANS

—

1.36%*  

Automotive

—

0.02%

Clarios

Global

LP,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.25%)

4.92%

04/30/26

2

169,042‌

158,265‌

Communications

—

0.15%

CenturyLink,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.25%)

3.92%

03/15/27

2

565,102‌

521,129‌

Charter

Communications

Operating

LLC,

Term

Loan

B2,

1st

Lien

(LIBOR

plus

1.75%)

3.42%

02/01/27

2

97,494‌

93,194‌

CSC

Holdings

LLC,

Term

Loan

B5,

1st

Lien

(LIBOR

plus

2.50%)

3.82%

04/15/27

2

98,489‌

91,789‌

Term

Loan,

1st

Lien

(LIBOR

plus

2.25%)

3.57%

07/17/25

2

147,668‌

137,775‌

Zayo

Group

Holdings,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.00%)

4.67%

03/09/27

2

445,395‌

412,349‌

(SOFR

plus

3.25%)

5.78%

03/09/27

2

63,793‌

59,792‌

1,316,028‌

Consumer

Discretionary

—

0.02%

AI

Aqua

Merger

Sub,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

4.00%)

4.00%

07/31/28

2,7

59,104‌

53,883‌

Naked

Juice,

LLC,

Term

Loan,

1st

Lien

(SOFR

plus

3.25%)

4.88%

-

5.40%

01/24/29

2

89,362‌

83,479‌

Sunshine

Luxembourg

VII

SARL,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

6.00%

10/01/26

2

85,145‌

79,093‌

216,455‌

Electric

—

0.01%

Vistra

Operations

Co.,

LLC,

Term

Loan

B3,

1st

Lien

(LIBOR

plus

3.75%)

3.27%

-

3.42%

12/31/25

2

136,165‌

130,719‌

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Energy

—

0.01%

Lucid

Energy

Group

II

Borrower

LLC,

Term

Loan,

1st

Lien

(LIBOR

plus

4.25%)

5.87%

11/24/28

2

$

113,118‌

$

111,967‌

Finance

—

0.05%

Deerfield

Dakota

Holding

LLC,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.75%)

5.28%

04/09/27

2

89,859‌

84,384‌

Mozart

Borrower,

LP,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.25%)

4.92%

10/23/28

2

99,750‌

92,814‌

Setanta

Aircraft

Leasing

DAC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.00%)

4.25%

11/05/28

2

275,000‌

262,397‌

439,595‌

Food

—

0.02%

Hostess

Brands

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.25%)

3.49%

-

3.92%

08/03/25

2

167,802‌

161,539‌

Gaming

—

0.05%

Caesars

Resort

Collection

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.75%)

4.42%

12/23/24

2

171,695‌

165,739‌

Golden

Nugget,

LLC,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.00%)

5.53%

01/26/29

2

35,411‌

32,756‌

Scientific

Games

International,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

2.00%)

2.00%

04/13/29

2

287,114‌

273,415‌

471,910‌

Health

Care

—

0.18%

Avantor

Funding,

Inc.,

Term

Loan

B5,

1st

Lien

(LIBOR

plus

2.25%)

3.92%

11/08/27

2

327,240‌

315,481‌

Avolon

TLB

Borrower

1

U.S.

LLC,

Term

Loan

B3,

1st

Lien

(LIBOR

plus

1.75%)

3.35%

01/15/25

2

52,744‌

50,502‌

Change

Healthcare

Holdings

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.50%)

4.17%

03/01/24

2

202,532‌

197,647‌

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

June

2022

/

4

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Health

Care

(continued)

Grifols

Worldwide

Operations

USA,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.00%)

3.67%

11/15/27

2

$

92,556‌

$

87,708‌

Horizon

Therapeutics

USA,

Inc.,

Term

Loan

B2,

1st

Lien

(LIBOR

plus

1.75%)

3.38%

03/15/28

2

280,440‌

271,589‌

ICON

Luxembourg

SARL,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.25%)

4.56%

07/03/28

2

157,365‌

152,437‌

Jazz

Financing

Lux

SARL,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

5.17%

05/05/28

2

409,692‌

391,895‌

Peraton

Corp.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

5.42%

02/01/28

2

30,485‌

28,711‌

PetVet

Care

Centers

LLC,

Term

Loan

B3,

1st

Lien

(LIBOR

plus

3.50%)

5.17%

02/14/25

2

35,409‌

33,491‌

1,529,461‌

Industrials

—

0.21%

Berry

Global,

Inc.,

Term

Loan

Z,

1st

Lien

(LIBOR

plus

1.75%)

3.00%

07/01/26

2

909,899‌

881,214‌

DIRECTV

Financing

LLC,

Term

Loan,

1st

Lien

(LIBOR

plus

5.00%)

6.67%

08/02/27

2

382,325‌

353,094‌

Indigo

Merger

Sub, Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.25%)

4.56%

07/03/28

2

39,208‌

37,980‌

Ingram

Micro,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

5.75%

06/30/28

2

264,456‌

250,902‌

TransDigm,

Inc.,

Term

Loan

E,

1st

Lien

(LIBOR

plus

2.25%)

3.92%

05/30/25

2

290,535‌

276,832‌

Term

Loan

F,

1st

Lien

(LIBOR

plus

2.25%)

3.92%

12/09/25

2

39,621‌

37,674‌

1,837,696‌

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Information

Technology

—

0.19%

Central

Parent,

Inc.,

Term

Loan,

1st

Lien

(SOFR

plus

0.00%)

0.00%

07/06/29

2

$

177,633‌

$

168,397‌

Entegris,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.00%)

0.00%

07/06/29

2

130,000‌

126,100‌

Gainwell

Acquisition

Corp.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

5.63%

10/01/27

2

199,494‌

189,208‌

NortonLifeLock,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

2.00%)

2.00%

01/28/29

2

530,000‌

503,897‌

Prime

Security

Services

Borrower

LLC,

Term

Loan

B1,

1st

Lien

(LIBOR

plus

2.75%)

2.75%

09/23/26

2

76,684‌

71,780‌

Proofpoint,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.25%)

4.82%

08/31/28

2

202,469‌

188,694‌

Sophia

LP,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.25%)

5.50%

10/07/27

2

219,879‌

205,725‌

Spin

Holdco,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

5.61%

03/04/28

2

229,982‌

212,388‌

1,666,189‌

Insurance

—

0.04%

Acrisure

LLC,

Term

Loan

B1,

1st

Lien

(LIBOR

plus

3.50%)

4.86%

02/15/27

2

248,728‌

229,078‌

HUB

International

Ltd.,

Term

Loan

B3,

1st

Lien

(LIBOR

plus

3.25%)

3.25%

04/25/25

2

86,095‌

81,883‌

310,961‌

Retail

—

0.19%

Level

3

Parent

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

1.75%)

3.42%

03/01/27

2

1,275,000‌

1,184,692‌

Whatabrands LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.25%)

4.92%

08/03/28

2

472,625‌

444,341‌

1,629,033‌

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

5

/

June

2022

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Services

—

0.21%

Amentum

Government

Services

Holdings

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

5.42%

01/29/27

2

$

286,934‌

$

274,023‌

Elanco

Animal

Health,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

1.75%)

2.81%

08/01/27

2

894,924‌

847,604‌

Element

Materials

Technology

Group

U.S.

Holdings,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

4.25%)

4.25%

06/22/29

2,8

42,657‌

41,044‌

Pre-Paid

Legal

Services,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

3.75%)

5.42%

12/15/28

2

64,374‌

60,251‌

Trans

Union

LLC,

Term

Loan

B6,

1st

Lien

(LIBOR

plus

2.25%)

3.92%

12/01/28

2

400,511‌

382,823‌

TruGreen

LP,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

5.67%

11/02/27

2

188,105‌

179,483‌

1,785,228‌

Transportation

—

0.01%

American

Airlines,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

1.75%)

3.40%

01/29/27

2

51,722‌

45,774‌

United

Airlines,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

5.39%

04/21/28

2

39,253‌

36,653‌

82,427‌

Total

Bank

Loans

(Cost

$12,182,821)

11,847,473‌

CORPORATES

—

30.89%*  

Automotive

—

0.10%

General

Motors

Co.

4.88%

10/02/23

845,000‌

853,669‌

Banking

—

6.09%

Bank

of

America

Corp.

1.73%

07/22/27

4

2,605,000‌

2,322,748‌

2.30%

07/21/32

4

1,420,000‌

1,148,149‌

2.57%

10/20/32

4

215,000‌

177,541‌

2.69%

04/22/32

4

250,000‌

210,170‌

3.00%

12/20/23

4

1,000,000‌

996,971‌

3.37%

01/23/26

4

605,000‌

585,961‌

Bank

of

America

Corp.

(MTN)

1.92%

10/24/31

4

900,000‌

718,503‌

2.09%

06/14/29

4

2,355,000‌

2,019,866‌

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Banking

(continued)

2.46%

10/22/25

4

$

1,120,000‌

$

1,067,977‌

3.09%

10/01/25

4

152,000‌

147,247‌

3.46%

03/15/25

4

315,000‌

311,029‌

3.97%

03/05/29

4

1,540,000‌

1,468,939‌

Credit

Suisse

Group

AG

(Switzerland)

1.31%

02/02/27

1,3,4

2,020,000‌

1,739,564‌

2.19%

06/05/26

1,3,4

1,405,000‌

1,275,515‌

2.59%

09/11/25

1,3,4

370,000‌

350,407‌

3.09%

05/14/32

1,3,4

750,000‌

601,058‌

3.87%

01/12/29

1,3,4

145,000‌

130,600‌

DNB

Bank

ASA

(Norway)

0.86%

09/30/25

1,3,4

2,485,000‌

2,323,808‌

HSBC

Holdings

PLC

(United

Kingdom)

1.59%

05/24/27

3,4

1,730,000‌

1,522,263‌

2.01%

09/22/28

3,4

2,425,000‌

2,076,465‌

2.21%

08/17/29

3,4

1,195,000‌

1,005,093‌

2.80%

05/24/32

3,4

435,000‌

357,819‌

2.87%

11/22/32

3,4

285,000‌

233,783‌

4.04%

03/13/28

3,4

500,000‌

475,559‌

ING

Groep

NV

(Netherlands)

4.02%

03/28/28

3,4

1,795,000‌

1,714,514‌

JPMorgan

Chase

&

Co.

0.97%

06/23/25

4

755,000‌

706,610‌

1.58%

04/22/27

4

420,000‌

375,003‌

2.08%

04/22/26

4

850,000‌

796,657‌

2.58%

04/22/32

4

420,000‌

353,933‌

3.22%

03/01/25

4

1,910,000‌

1,877,199‌

3.96%

01/29/27

4

50,000‌

48,871‌

4.02%

12/05/24

4

910,000‌

907,549‌

Lloyds

Banking

Group

PLC

(United

Kingdom)

2.91%

11/07/23

3,4

875,000‌

872,634‌

3.87%

07/09/25

3,4

3,020,000‌

2,985,406‌

Macquarie

Group

Ltd.

(Australia)

1.20%

10/14/25

1,3,4

1,760,000‌

1,633,227‌

1.34%

01/12/27

1,3,4

1,660,000‌

1,461,593‌

4.44%

06/21/33

1,3,4

265,000‌

246,001‌

NatWest

Group

PLC

(United

Kingdom)

4.27%

03/22/25

3,4

385,000‌

381,280‌

4.52%

06/25/24

3,4

1,165,000‌

1,162,596‌

Santander

UK

Group

Holdings

PLC

(United

Kingdom)

1.09%

03/15/25

3,4

1,575,000‌

1,472,316‌

1.53%

08/21/26

3,4

155,000‌

138,986‌

1.67%

06/14/27

3,4

435,000‌

380,498‌

2.47%

01/11/28

3,4

1,245,000‌

1,104,984‌

4.80%

11/15/24

3,4

1,730,000‌

1,730,967‌

Santander

UK

PLC

(United

Kingdom)

5.00%

11/07/23

1,3

330,000‌

332,752‌

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

June

2022

/

6

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Banking

(continued)

Wells

Fargo

&

Co.

2.19%

04/30/26

4

$

305,000‌

$

285,733‌

Wells

Fargo

&

Co.

(MTN)

2.16%

02/11/26

4

240,000‌

225,850‌

2.39%

06/02/28

4

9,400,000‌

8,425,480‌

52,887,674‌

Communications

—

3.03%

AT&T,

Inc.

2.55%

12/01/33

4,887,000‌

3,985,054‌

CCO

Holdings,

LLC/CCO

Holdings

Capital

Corp.

4.25%

01/15/34

1

875,000‌

678,978‌

4.50%

06/01/33

1

1,800,000‌

1,433,250‌

Charter

Communications

Operating

LLC/Charter

Communications

Operating

Capital

2.30%

02/01/32

825,000‌

626,965‌

Charter

Communications

Operating,

LLC/Charter

Communications

Operating

Capital

4.40%

04/01/33

1,615,000‌

1,447,828‌

Cox

Communications,

Inc.

2.60%

06/15/31

1

705,000‌

590,368‌

CSC

Holdings

LLC

4.13%

12/01/30

1

900,000‌

702,487‌

5.38%

02/01/28

1

65,000‌

56,390‌

6.50%

02/01/29

1

43,000‌

38,920‌

Diamond

Sports

Group,

LLC/Diamond

Sports

Finance

Co.

5.38%

08/15/26

1

1,007,000‌

253,009‌

Fox

Corp.

3.50%

04/08/30

1,500,000‌

1,362,549‌

Global

Switch

Finance

BV

(EMTN)

(Netherlands)

1.38%

10/07/30

3

925,000‌

787,211‌

Intelsat

Jackson

Holdings

SA

(Luxembourg)

6.50%

03/15/30

1,3

2,108,000‌

1,743,816‌

Intelsat

Jackson

Holdings

SA,

Class

B

(Luxembourg)

8.50%

10/15/24

†,1,3,5,6

1,003,000‌

—‌

9.75%

07/15/25

†,1,3,5,6,9,10

585,000‌

—‌

Level

3

Financing,

Inc.

3.88%

11/15/29

1

1,210,000‌

1,001,714‌

Lumen

Technologies,

Inc.

5.38%

06/15/29

1

275,000‌

218,433‌

Netflix,

Inc.

4.63%

05/15/29

720,000‌

711,588‌

Paramount

Global

4.20%

05/19/32

500,000‌

443,747‌

SES

GLOBAL

Americas

Holdings,

Inc.

5.30%

03/25/44

1

750,000‌

640,709‌

SES

SA

(Luxembourg)

3.60%

04/04/23

1,3

1,500,000‌

1,483,422‌

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Communications

(continued)

Sprint

Corp.

7.88%

09/15/23

$

65,000‌

$

67,210‌

Sprint

Spectrum

Co.

LLC/Sprint

Spectrum

Co.

II

LLC/Sprint

Spectrum

Co.

III

LLC

4.74%

03/20/25

1

807,814‌

808,553‌

5.15%

03/20/28

1

1,785,000‌

1,800,954‌

Tencent

Holdings

Ltd.

(Cayman

Islands)

2.88%

04/22/31

1,3

1,210,000‌

1,040,671‌

T-Mobile

USA,

Inc.

2.25%

02/15/26

700,000‌

633,343‌

2.55%

02/15/31

740,000‌

623,448‌

3.75%

04/15/27

2,275,000‌

2,189,259‌

3.88%

04/15/30

800,000‌

747,355‌

Zayo

Group

Holdings,

Inc.

4.00%

03/01/27

1

250,000‌

207,862‌

26,325,093‌

Consumer

Discretionary

—

1.78%

Anheuser-Busch

InBev

Worldwide,

Inc.

4.38%

04/15/38

725,000‌

666,150‌

Bacardi

Ltd.

(Bermuda)

4.45%

05/15/25

1,3

1,045,000‌

1,035,686‌

BAT

Capital

Corp.

2.73%

03/25/31

555,000‌

438,839‌

3.46%

09/06/29

1,570,000‌

1,347,142‌

3.56%

08/15/27

550,000‌

504,006‌

4.39%

08/15/37

830,000‌

659,732‌

BAT

International

Finance

PLC

(United

Kingdom)

1.67%

03/25/26

3

330,000‌

292,567‌

Constellation

Brands,

Inc.

4.35%

05/09/27

95,000‌

94,468‌

4.65%

11/15/28

1,000,000‌

990,605‌

GSK

Consumer

Healthcare

Capital

U.S.,

LLC

3.38%

03/24/27

1

1,000,000‌

957,959‌

Hyatt

Hotels

Corp.

1.30%

10/01/23

1,240,000‌

1,199,997‌

Imperial

Brands

Finance

PLC

(United

Kingdom)

3.13%

07/26/24

1,3

1,000,000‌

968,387‌

JDE

Peet's

NV

(Netherlands)

0.80%

09/24/24

1,3

1,650,000‌

1,534,590‌

Magallanes,

Inc.

4.28%

03/15/32

1

4,320,000‌

3,861,976‌

Reynolds

American,

Inc.

5.70%

08/15/35

940,000‌

876,195‌

15,428,299‌

Electric

—

1.45%

Alliant

Energy

Finance,

LLC

3.60%

03/01/32

1

1,625,000‌

1,477,363‌

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

7

/

June

2022

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Electric

(continued)

Appalachian

Power

Co.,

Series

H

5.95%

05/15/33

$

350,000‌

$

375,421‌

Appalachian

Power

Co.,

Series

X

3.30%

06/01/27

410,000‌

393,405‌

Duke

Energy

Corp.

2.65%

09/01/26

30,000‌

28,153‌

3.10%

06/15/28

1,030,000‌

1,068,612‌

EVERSOURCE

ENERGY

4.60%

07/01/27

1,295,000‌

1,306,513‌

Exelon

Corp.

2.75%

03/15/27

1

1,325,000‌

1,243,507‌

FirstEnergy

Transmission

LLC

2.87%

09/15/28

1

853,000‌

722,313‌

Jersey

Central

Power

&

Light

Co.

4.70%

04/01/24

1

995,000‌

1,001,806‌

Metropolitan

Edison

Co.

4.00%

04/15/25

1

770,000‌

757,724‌

NextEra

Energy

Capital

Holdings,

Inc.

4.63%

07/15/27

2,160,000‌

2,188,868‌

Public

Service

Co.

of

New

Mexico

3.85%

08/01/25

1,405,000‌

1,382,017‌

Tucson

Electric

Power

Co.

3.85%

03/15/23

595,000‌

596,127‌

12,541,829‌

Energy

—

1.17%

Boston

Gas

Co.

3.76%

03/16/32

1

2,400,000‌

2,228,706‌

Energy

Transfer

LP

3.45%

01/15/23

105,000‌

104,648‌

3.75%

05/15/30

315,000‌

284,123‌

4.00%

10/01/27

400,000‌

378,937‌

4.75%

01/15/26

130,000‌

129,741‌

4.95%

05/15/28

750,000‌

735,043‌

4.95%

06/15/28

1,000,000‌

986,398‌

5.50%

06/01/27

531,000‌

539,439‌

Occidental

Petroleum

Corp.

0.00%

10/10/36

11

444,000‌

220,710‌

Petroleos

Mexicanos

(Mexico)

2.00%

12/20/22

3

150,000‌

149,387‌

5.95%

01/28/31

3

300,000‌

220,335‌

6.63%

06/15/35

3

1,780,000‌

1,222,860‌

Plains

All

American

Pipeline

LP/PAA

Finance

Corp.

3.80%

09/15/30

525,000‌

464,613‌

Rockies

Express

Pipeline

LLC

4.80%

05/15/30

1

400,000‌

335,000‌

4.95%

07/15/29

1

1,000,000‌

857,312‌

Ruby

Pipeline

LLC

8.00%

04/01/22

1,5,6,9,10

561,364‌

479,966‌

USA

Compression

Partners

LP/USA

Compression

Finance

Corp.

6.88%

04/01/26

60,000‌

54,657‌

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Energy

(continued)

Venture

Global

Calcasieu

Pass

LLC

3.88%

08/15/29

1

$

825,000‌

$

723,896‌

10,115,771‌

Finance

—

5.94%

AerCap

Ireland

Capital

DAC/AerCap

Global

Aviation

Trust

(Ireland)

2.45%

10/29/26

3

2,045,000‌

1,781,948‌

3.00%

10/29/28

3

1,000,000‌

841,845‌

3.30%

01/30/32

3

285,000‌

227,319‌

Air

Lease

Corp.

2.25%

01/15/23

1,000,000‌

990,060‌

3.25%

03/01/25

820,000‌

789,355‌

3.25%

10/01/29

525,000‌

439,207‌

3.63%

12/01/27

355,000‌

317,699‌

American

Express

Co.

2.55%

03/04/27

815,000‌

760,283‌

Avolon

Holdings

Funding

Ltd.

(Cayman

Islands)

2.53%

11/18/27

1,3

1,273,000‌

1,038,793‌

2.88%

02/15/25

1,3

1,160,000‌

1,068,689‌

Capital

One

Financial

Corp.

1.34%

12/06/24

4

2,090,000‌

2,003,641‌

Cboe

Global

Markets,

Inc.

3.00%

03/16/32

820,000‌

734,614‌

Citigroup,

Inc.

2.52%

11/03/32

4

3,285,000‌

2,691,340‌

2.56%

05/01/32

4

780,000‌

643,004‌

2.57%

06/03/31

4

285,000‌

239,813‌

3.52%

10/27/28

4

1,505,000‌

1,407,484‌

4.41%

03/31/31

4

985,000‌

941,799‌

Citigroup,

Inc.,

Series

VAR

3.07%

02/24/28

4

405,000‌

375,946‌

Durrah

MSN

35603

(Cayman

Islands)

1.68%

01/22/25

3

1,574,730‌

1,545,615‌

Goldman

Sachs

Group,

Inc.

(The)

0.93%

10/21/24

4

840,000‌

803,814‌

1.22%

12/06/23

2,090,000‌

2,017,286‌

1.43%

03/09/27

4

2,555,000‌

2,272,928‌

2.38%

07/21/32

4

1,020,000‌

826,682‌

2.65%

10/21/32

4

3,160,000‌

2,607,438‌

2.91%

07/24/23

4

725,000‌

724,607‌

3.75%

02/25/26

20,000‌

19,639‌

Intercontinental

Exchange,

Inc.

4.00%

09/15/27

2,050,000‌

2,018,205‌

JPMorgan

Chase

&

Co.

1.05%

11/19/26

4

1,235,000‌

1,100,178‌

1.56%

12/10/25

4

370,000‌

346,642‌

2.55%

11/08/32

4

425,000‌

353,492‌

2.60%

02/24/26

4

185,000‌

176,167‌

2.74%

10/15/30

4

3,055,000‌

2,668,099‌

2.95%

02/24/28

4

425,000‌

394,406‌

Morgan

Stanley

1.59%

05/04/27

4

1,210,000‌

1,079,708‌

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

June

2022

/

8

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Finance

(continued)

2.48%

09/16/36

4

$

620,000‌

$

476,865‌

2.95%

05/07/32

4

415,000‌

412,698‌

Morgan

Stanley

(GMTN)

1.51%

07/20/27

4

500,000‌

439,882‌

Morgan

Stanley

(MTN)

1.16%

10/21/25

4

4,790,000‌

4,444,068‌

1.93%

04/28/32

4

340,000‌

270,090‌

Nationwide

Building

Society

(United

Kingdom)

2.97%

02/16/28

1,3,4

700,000‌

641,674‌

3.77%

03/08/24

1,3,4

1,265,000‌

1,262,037‌

4.36%

08/01/24

1,3,4

1,085,000‌

1,086,661‌

Park

Aerospace

Holdings

Ltd.

(Cayman

Islands)

4.50%

03/15/23

1,3

860,000‌

857,109‌

5.50%

02/15/24

1,3

40,000‌

39,702‌

Safina

Ltd.

(Cayman

Islands)

2.00%

12/30/23

3

2,211,544‌

2,192,383‌

Sandalwood

2013

LLC

2.90%

07/10/25

1,013,061‌

1,007,092‌

TIAA

FSB

Holdings,

Inc.

5.75%

07/02/25

1,150,000‌

1,174,128‌

UBS

Group

AG

(Switzerland)

4.49%

05/12/26

1,3,4

1,000,000‌

997,108‌

51,549,242‌

Food

—

0.70%

JBS

USA

LUX

SA/JBS

USA

Food

Co./JBS

USA

Finance,

Inc.

(Canada)

3.00%

02/02/29

1,3

1,435,000‌

1,230,840‌

5.75%

04/01/33

1,3

750,000‌

714,914‌

JBS

USA

LUX

SA/JBS

USA

Food

Co/JBS

USA

Finance,

Inc.

(Canada)

3.00%

05/15/32

1,3

1,185,000‌

918,375‌

Kraft

Heinz

Foods

Co.

5.00%

07/15/35

933,000‌

908,508‌

5.00%

06/04/42

245,000‌

224,243‌

Mondelez

International,

Inc.

3.00%

03/17/32

860,000‌

752,967‌

Pilgrim's

Pride

Corp.

5.88%

09/30/27

1

65,000‌

62,262‌

Post

Holdings,

Inc.

4.63%

04/15/30

1

826,000‌

698,350‌

5.75%

03/01/27

1

600,000‌

584,250‌

6,094,709‌

Gaming

—

0.03%

Caesars

Entertainment,

Inc.

4.63%

10/15/29

1

300,000‌

234,384‌

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Health

Care

—

3.75%

AbbVie,

Inc.

3.60%

05/14/25

$

1,152,000‌

$

1,134,818‌

3.85%

06/15/24

1,342,000‌

1,341,707‌

Aetna,

Inc.

2.80%

06/15/23

50,000‌

49,395‌

3.50%

11/15/24

1,250,000‌

1,236,076‌

Alcon

Finance

Corp.

2.75%

09/23/26

1

2,300,000‌

2,151,913‌

American

Medical

Systems

Europe

BV

(Netherlands)

1.63%

03/08/31

3

400,000‌

364,115‌

Amgen,

Inc.

3.00%

02/22/29

500,000‌

461,837‌

3.35%

02/22/32

580,000‌

531,495‌

Bayer

U.S.

Finance

II

LLC

4.25%

12/15/25

1

25,000‌

24,716‌

4.38%

12/15/28

1

2,900,000‌

2,826,993‌

5.50%

08/15/25

1

1,100,000‌

1,105,412‌

Bayer

U.S.

Finance

LLC

3.38%

10/08/24

1

1,020,000‌

997,231‌

Baylor

Scott

&

White

Holdings

2.65%

11/15/26

1,530,000‌

1,418,176‌

Becton

Dickinson

and

Co.

3.36%

06/06/24

589,000‌

583,119‌

Centene

Corp.

3.00%

10/15/30

2,000,000‌

1,662,770‌

Cigna

Corp.

4.13%

11/15/25

545,000‌

546,426‌

CommonSpirit

Health

2.78%

10/01/30

1,650,000‌

1,423,163‌

CVS

Health

Corp.

3.25%

08/15/29

2,890,000‌

2,640,954‌

DENTSPLY

SIRONA,

Inc.

3.25%

06/01/30

1,000,000‌

845,038‌

Endo

DAC/Endo

Finance

LLC/Endo

Finco,

Inc.

(Ireland)

6.00%

06/30/28

1,3

627,000‌

54,079‌

HCA,

Inc.

4.13%

06/15/29

1,145,000‌

1,045,784‌

5.38%

02/01/25

866,000‌

864,799‌

5.88%

02/15/26

2,530,000‌

2,552,669‌

5.88%

02/01/29

1,000,000‌

1,004,480‌

7.05%

12/01/27

80,000‌

84,558‌

Humana,

Inc.

3.85%

10/01/24

860,000‌

859,537‌

3.95%

03/15/27

885,000‌

868,850‌

ModivCare

Escrow

Issuer,

Inc.

5.00%

10/01/29

1

700,000‌

566,509‌

PerkinElmer,

Inc.

0.85%

09/15/24

2,050,000‌

1,903,613‌

Royalty

Pharma

PLC

(United

Kingdom)

2.20%

09/02/30

3

675,000‌

546,217‌

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

9

/

June

2022

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Health

Care

(continued)

Tenet

Healthcare

Corp.

4.25%

06/01/29

1

$

1,000,000‌

$

845,180‌

32,541,629‌

Industrials

—

1.11%

Amcor

Finance

USA,

Inc.

3.63%

04/28/26

1,950,000‌

1,875,072‌

Artera

Services

LLC

9.03%

12/04/25

1

227,000‌

183,518‌

BAE

Systems

Holdings,

Inc.

3.80%

10/07/24

1

630,000‌

624,488‌

Berry

Global,

Inc.

1.50%

01/15/27

1

690,000‌

630,584‌

1.65%

01/15/27

95,000‌

83,234‌

4.88%

07/15/26

1

1,055,000‌

1,008,855‌

Boeing

Co.

(The)

1.43%

02/04/24

1,300,000‌

1,244,281‌

Crane

Holdings

Co.

4.45%

12/15/23

1,130,000‌

1,140,754‌

General

Electric

Co.

(MTN)

(LIBOR

USD

3-Month

plus

0.38%)

1.74%

05/05/26

2

1,028,000‌

976,109‌

(LIBOR

USD

3-Month

plus

0.48%)

1.89%

08/15/36

2

1,115,000‌

885,597‌

General

Electric

Co.,

Series

A

(MTN)

6.75%

03/15/32

135,000‌

151,157‌

L3Harris

Technologies,

Inc.

3.85%

06/15/23

410,000‌

410,010‌

Mauser

Packaging

Solutions

Holding

Co.

5.50%

04/15/24

1

65,000‌

62,205‌

Sydney

Airport

Finance

Co.

Pty

Ltd.

(Australia)

3.38%

04/30/25

1,3

410,000‌

398,663‌

9,674,527‌

Information

Technology

—

0.59%

Apple,

Inc.

3.25%

02/23/26

20,000‌

19,891‌

Broadcom,

Inc.

4.30%

11/15/32

950,000‌

865,418‌

Change

Healthcare

Holdings

LLC/Change

Healthcare

Finance,

Inc.

5.75%

03/01/25

1

61,000‌

59,780‌

Oracle

Corp.

2.30%

03/25/28

1,000,000‌

861,501‌

2.88%

03/25/31

1,955,000‌

1,611,528‌

TSMC

Arizona

Corp.

4.25%

04/22/32

920,000‌

909,991‌

VMware,

Inc.

1.00%

08/15/24

815,000‌

763,405‌

5,091,514‌

Insurance

—

1.41%

Aon

Corp./Aon

Global

Holdings

PLC

2.85%

05/28/27

1,625,000‌

1,524,593‌

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Insurance

(continued)

Athene

Global

Funding

1.99%

08/19/28

1

$

2,555,000‌

$

2,120,048‌

3.21%

03/08/27

1

530,000‌

482,443‌

Berkshire

Hathaway

Finance

Corp.

2.88%

03/15/32

1,210,000‌

1,086,711‌

Brown

&

Brown,

Inc.

4.20%

03/17/32

1,330,000‌

1,214,317‌

Equitable

Financial

Life

Global

Funding

1.80%

03/08/28

1

1,190,000‌

1,035,014‌

Metropolitan

Life

Global

Funding

I

3.30%

03/21/29

1

1,200,000‌

1,125,691‌

Nationwide

Mutual

Insurance

Co.

4.12%

12/15/24

1,4

1,212,000‌

1,212,278‌

New

York

Life

Global

Funding

3.00%

01/10/28

1

50,000‌

47,388‌

Trinity

Acquisition

PLC

(United

Kingdom)

4.40%

03/15/26

3

1,385,000‌

1,370,625‌

Willis

North

America,

Inc.

4.65%

06/15/27

1,025,000‌

1,009,371‌

12,228,479‌

Materials

—

0.31%

International

Flavors

&

Fragrances,

Inc.

1.23%

10/01/25

1

950,000‌

858,668‌

2.30%

11/01/30

1

1,135,000‌

933,827‌

Valvoline,

Inc.

3.63%

06/15/31

1

1,100,000‌

882,090‌

2,674,585‌

Real

Estate

Investment

Trust

(REIT)

—

2.44%

American

Campus

Communities

Operating

Partnership

LP

2.85%

02/01/30

205,000‌

195,466‌

3.75%

04/15/23

50,000‌

49,964‌

4.13%

07/01/24

1,250,000‌

1,257,529‌

Annington

Funding

PLC

(EMTN)

(United

Kingdom)

2.31%

10/06/32

3

360,000‌

353,291‌

Ascendas

Real

Estate

Investment

Trust

(EMTN)

(Slovenia)

0.75%

06/23/28

3

375,000‌

315,984‌

Digital

Dutch

Finco

BV

(Netherlands)

1.25%

02/01/31

3

1,085,000‌

855,722‌

Extra

Space

Storage

LP

3.90%

04/01/29

1,650,000‌

1,549,956‌

GLP

Capital

LP/GLP

Financing

II,

Inc.

3.35%

09/01/24

1,140,000‌

1,102,950‌

5.38%

11/01/23

30,000‌

30,021‌

5.38%

04/15/26

2,323,000‌

2,277,690‌

5.75%

06/01/28

325,000‌

317,993‌

Healthcare

Realty

Trust,

Inc.

3.88%

05/01/25

1,400,000‌

1,371,047‌

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

June

2022

/

10

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Real

Estate

Investment

Trust

(REIT)

(continued)

Healthcare

Trust

of

America

Holdings

LP

3.50%

08/01/26

$

225,000‌

$

214,494‌

3.75%

07/01/27

930,000‌

883,899‌

Healthpeak

Properties,

Inc.

4.00%

06/01/25

750,000‌

748,601‌

Hudson

Pacific

Properties

LP

4.65%

04/01/29

1,065,000‌

1,023,306‌

Kilroy

Realty

LP

3.45%

12/15/24

1,670,000‌

1,629,548‌

Life

Storage

LP

2.20%

10/15/30

1,000,000‌

803,477‌

Piedmont

Operating

Partnership

LP

3.40%

06/01/23

1,210,000‌

1,204,342‌

Prologis

Euro

Finance

LLC

(EMTN)

1.00%

02/08/29

380,000‌

340,536‌

SL

Green

Operating

Partnership

LP

3.25%

10/15/22

1,350,000‌

1,350,463‌

VICI

Properties

LP

4.75%

02/15/28

605,000‌

578,344‌

VICI

Properties

LP/VICI

Note

Co.,

Inc.

3.88%

02/15/29

1

1,425,000‌

1,228,375‌

4.25%

12/01/26

1

540,000‌

495,450‌

4.63%

06/15/25

1

60,000‌

57,220‌

5.63%

05/01/24

1

270,000‌

267,188‌

Weyerhaeuser

Co.

3.38%

03/09/33

810,000‌

707,320‌

21,210,176‌

Retail

—

0.44%

7-Eleven,

Inc.

0.80%

02/10/24

1

1,565,000‌

1,484,034‌

Alimentation

Couche-Tard,

Inc.

(Canada)

3.55%

07/26/27

1,3

640,000‌

598,145‌

FirstCash,

Inc.

5.63%

01/01/30

1

415,000‌

364,098‌

Michaels

Cos.,

Inc.

(The)

5.25%

05/01/28

1

405,000‌

319,134‌

Starbucks

Corp.

3.00%

02/14/32

1,220,000‌

1,061,579‌

3,826,990‌

Services

—

0.40%

Global

Payments,

Inc.

1.50%

11/15/24

1,255,000‌

1,177,699‌

S&P

Global,

Inc.

2.70%

03/01/29

1

500,000‌

455,481‌

Waste

Connections,

Inc.

(Canada)

3.20%

06/01/32

3

2,045,000‌

1,824,342‌

3,457,522‌

Transportation

—

0.15%

Canadian

Pacific

Railway

Co.

(Canada)

1.35%

12/02/24

3

490,000‌

462,268‌

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Transportation

(continued)

U.S.

Airways

Pass-Through

Trust,

Series

2011-1,

Class

A

7.13%

10/22/23

$

378,322‌

$

380,613‌

U.S.

Airways

Pass-Through

Trust,

Series

2012-1,

Class

A

5.90%

10/01/24

265,789‌

267,465‌

U.S.

Airways

Pass-Through

Trust,

Series

2012-2,

Class

A

4.63%

06/03/25

241,223‌

222,910‌

Union

Pacific

Corp.

2.80%

02/14/32

5,000‌

4,451‌

1,337,707‌

Total

Corporates

(Cost

$289,759,792)

268,073,799‌

FOREIGN

GOVERNMENT

OBLIGATIONS

—

0.13%  

Foreign

Government

Obligations

—

0.13%

Airport

Authority

(Hong

Kong)

2.50%

01/12/32

1,3

1,245,000‌

1,091,840‌

Total

Foreign

Government

Obligations

(Cost

$1,244,057)

MORTGAGE-BACKED

—

17.48%**  

Non-Agency

Commercial

Mortgage-Backed

—

3.04%

Arbor

Realty

Commercial

Real

Estate

Notes

Ltd.,

Series

2021-FL2,

Class

A

(Cayman

Islands)

(LIBOR

USD

1-Month

plus

1.10%)

2.42%

05/15/36

1,2,3

1,688,000‌

1,646,287‌

Banc

of

America

Merrill

Lynch

Commercial

Mortgage

Trust,

Series

2018-PARK,

Class

A

4.23%

08/10/38

1,4

1,095,000‌

1,054,170‌

BX

Commercial

Mortgage

Trust,

Series

2019-XL,

Class

A

(LIBOR

USD

1-Month

plus

0.92%)

2.24%

10/15/36

1,2

2,005,656‌

1,974,087‌

BX

Commercial

Mortgage

Trust,

Series

2021-ACNT,

Class

B

(LIBOR

USD

1-Month

plus

1.25%)

2.58%

11/15/38

1,2

2,000,000‌

1,900,925‌

BX

Trust,

Series

2019-OC11,

Class

A

3.20%

12/09/41

1

375,000‌

336,073‌

BXSC

Commercial

Mortgage

Trust,

Series

2022-WSS,

Class

D

(CME

Term

SOFR

1-Month

plus

3.19%)

4.47%

03/15/35

1,2

1,550,000‌

1,491,401‌

CALI

Mortgage

Trust,

Series

2019-101C,

Class

A

3.96%

03/10/39

1

805,000‌

766,288‌

Century

Plaza

Towers,

Series

2019-CPT,

Class

A

2.87%

11/13/39

1

715,000‌

626,246‌

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

11

/

June

2022

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

Non-Agency

Commercial

Mortgage-Backed

(continued)

Citigroup

Commercial

Mortgage

Trust,

Series

2016-GC36,

Class

A5

3.62%

02/10/49

$

3,250,000‌

$

3,187,218‌

Citigroup

Commercial

Mortgage

Trust,

Series

2016-GC37,

Class

A4

3.31%

04/10/49

1,000,000‌

968,461‌

Commercial

Mortgage

Trust,

Series

2014-UBS2,

Class

XA

(IO)

1.24%

03/10/47

4

18,747,578‌

245,243‌

Credit

Suisse

Mortgage

Capital

Trust,

Series

2019-ICE4,

Class

E

(LIBOR

USD

1-Month

plus

2.15%)

3.47%

05/15/36

1,2

1,825,000‌

1,755,974‌

DC

Office

Trust,

Series

2019-MTC,

Class

A

2.97%

09/15/45

1

765,000‌

675,349‌

GPMT

Ltd.,

Series

2021-FL4,

Class

AS

(Cayman

Islands)

(LIBOR

USD

1-Month

plus

1.70%)

3.34%

12/15/36

1,2,3

2,380,000‌

2,281,350‌

Hudson

Yards

Mortgage

Trust,

Series

2019-30HY,

Class

A

3.23%

07/10/39

1

760,000‌

687,603‌

Hudson

Yards

Mortgage

Trust,

Series

2019-55HY,

Class

A

3.04%

12/10/41

1,4

765,000‌

682,562‌

JPMBB

Commercial

Mortgage

Securities

Trust,

Series

2015-C29,

Class

XA

(IO)

0.72%

05/15/48

4

22,289,518‌

299,937‌

JPMorgan

Chase

Commercial

Mortgage

Securities

Trust,

Series

2019-OSB,

Class

A

3.40%

06/05/39

1

740,000‌

681,144‌

Last

Mile

Logistics

Pan

Euro

Finance

DAC,

Series

1A,

Class

A

(Ireland)

(-1.00

X

3

month

Euribor

plus

0.75%)

0.75%

08/17/33

1,2,3

2,371,365‌

2,420,125‌

MKT

Mortgage

Trust,

Series

2020-525M,

Class

A

2.69%

02/12/40

1

520,000‌

449,804‌

One

Bryant

Park

Trust,

Series

2019-OBP,

Class

A

2.52%

09/15/54

1

960,000‌

834,240‌

RBS

Commercial

Funding,

Inc.,

Trust,

Series

2013-GSP,

Class

A

3.96%

01/15/32

1,4

560,000‌

548,720‌

SFAVE

Commercial

Mortgage

Securities

Trust,

Series

2015-5AVE,

Class

A2B

4.14%

01/05/43

1,4

45,000‌

36,610‌

Wells

Fargo

Commercial

Mortgage

Trust,

Series

2015-C26,

Class

XA

(IO)

1.34%

02/15/48

4

32,420,515‌

808,446‌

26,358,263‌

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

Non-Agency

Mortgage-Backed

—

5.18%

ACE

Securities

Corp.

Home

Equity

Loan

Trust,

Series

2005-HE2,

Class

M5

(LIBOR

USD

1-Month

plus

1.02%)

2.64%

04/25/35

2

$

3,100,111‌

$

3,019,224‌

Amresco

Residential

Securities

Corp.

Mortgage

Loan

Trust,

Series

1998-1,

Class

A5

(STEP-reset

date

08/25/22)

7.50%

10/25/27

4,514‌

4,555‌

Asset-Backed

Securities

Corp.

Home

Equity

Loan

Trust,

Series

2004-HE9,

Class

M1

(LIBOR

USD

1-Month

plus

0.98%)

2.60%

12/25/34

2

342,810‌

329,992‌

Banc

of

America

Funding

Trust,

Series

2003-2,

Class

1A1

6.50%

06/25/32

3,697‌

3,692‌

Bear

Stearns

ALT-A

Trust,

Series

2004-12,

Class

1M1

(LIBOR

USD

1-Month

plus

0.93%)

2.55%

01/25/35

2

1,980,805‌

1,942,789‌

Chevy

Chase

Mortgage

Funding

LLC,

Mortgage-Backed

Certificates,

Series

2005-2A,

Class

A1

(LIBOR

USD

1-Month

plus

0.18%)

1.80%

05/25/36

1,2

43,747‌

38,988‌

CIM

Trust,

Series

2021-R3,

Class

A1A

1.95%

06/25/57

1,4

2,805,008‌

2,438,305‌

Citigroup

Mortgage

Loan

Trust,

Inc.,

Series

2004-HYB1,

Class

A41

2.62%

02/25/34

4

87‌

87‌

Citigroup

Mortgage

Loan

Trust,

Inc.,

Series

2006-WFH1,

Class

M5

(LIBOR

USD

1-Month

plus

0.78%)

2.40%

01/25/36

2

2,000,000‌

1,978,099‌

Countrywide

Asset-Backed

Certificates

Trust,

Series

2005-7,

Class

MV5

(LIBOR

USD

1-Month

plus

1.13%)

2.75%

11/25/35

2

4,220,000‌

4,098,028‌

Countrywide

Home

Loan

Mortgage

Pass-Through

Trust,

Series

2004-14,

Class

4A1

2.45%

08/25/34

4

54,252‌

50,419‌

Credit

Suisse

Mortgage

Capital

Trust

Series

2022-RPL3,

Class

A1

3.61%

03/25/61

1

3,900,000‌

3,797,067‌

Credit

Suisse

Mortgage

Capital

Trust,

Series

2022-ATH2,

Class

A1

4.55%

05/25/67

1,4

1,971,217‌

1,948,046‌

Credit-Based

Asset

Servicing

and

Securitization

LLC,

Series

2003-CB3,

Class

AF1

(STEP-reset

date

08/25/22)

3.38%

12/25/32

501,184‌

474,193‌

Credit-Based

Asset

Servicing

and

Securitization

LLC,

Series

2006-CB2,

Class

AF4

(STEP-reset

date

08/25/22)

3.01%

12/25/36

360,250‌

303,278‌

Credit-Based

Asset

Servicing

and

Securitization

LLC,

Series

2007-CB5,

Class

A1

(LIBOR

USD

1-Month

plus

0.06%)

1.68%

04/25/37

2

103,338‌

74,728‌

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

June

2022

/

12

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

Non-Agency

Mortgage-Backed

(continued)

Credit-Based

Asset

Servicing

and

Securitization

LLC,

Series

2007-CB5,

Class

A3

(LIBOR

USD

1-Month

plus

0.25%)

1.87%

04/25/37

2

$

1,227,924‌

$

768,575‌

First

Horizon

Alternative

Mortgage

Securities

Trust,

Series

2004-AA3,

Class

A1

2.47%

09/25/34

4

52,387‌

49,173‌

GSR

Mortgage

Loan

Trust,

Series

2004-9,

Class

5A7

3.26%

08/25/34

4

14,067‌

14,021‌

HarborView

Mortgage

Loan

Trust,

Series

2007-7,

Class

2A1A

(LIBOR

USD

1-Month

plus

1.00%)

2.62%

10/25/37

2

1,669,428‌

1,616,319‌

HomeBanc

Mortgage

Trust,

Series

2005-4,

Class

A1

(LIBOR

USD

1-Month

plus

0.54%)

2.16%

10/25/35

2

4,074‌

4,070‌

HSI

Asset

Securitization

Corp.

Trust,

Series

2005-OPT1,

Class

M1

(LIBOR

USD

1-Month

plus

0.63%)

2.25%

11/25/35

2

171,209‌

168,479‌

IndyMac

Index

Mortgage

Loan

Trust,

Series

2004-AR7,

Class

A2

(LIBOR

USD

1-Month

plus

0.86%)

2.48%

09/25/34

2

7,714‌

6,962‌

IndyMac

Index

Mortgage

Loan

Trust,

Series

2004-AR8,

Class

2A2A

(LIBOR

USD

1-Month

plus

0.80%)

2.42%

11/25/34

2

21,819‌

19,817‌

IndyMac

Index

Mortgage

Loan

Trust,

Series

2007-AR11,

Class

1A1

2.88%

06/25/37

4

505,069‌

449,212‌

IndyMac

Manufactured

Housing

Contract

Pass-Through

Certificates,

Series

1997-1,

Class

A3

6.61%

02/25/28

41,758‌

41,437‌

IndyMac

Manufactured

Housing

Contract

Pass-Through

Certificates,

Series

1997-1,

Class

A4

6.75%

02/25/28

11,116‌

11,038‌

IndyMac

Manufactured

Housing

Contract

Pass-Through

Certificates,

Series

1998-1,

Class

A4

6.49%

09/25/28

49,863‌

51,372‌

JPMorgan

Mortgage

Acquisition

Trust,

Series

2006-CH1,

Class

M2

(LIBOR

USD

1-Month

plus

0.29%)

1.91%

07/25/36

2

1,465,717‌

1,458,684‌

JPMorgan

Mortgage

Trust,

Series

2007-A3,

Class

3A2

3.28%

05/25/37

4

111,005‌

100,507‌

MASTR

Adjustable

Rate

Mortgages

Trust,

Series

2003-6,

Class

4A2

3.03%

01/25/34

4

47,942‌

47,829‌

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

Non-Agency

Mortgage-Backed

(continued)

MASTR

Adjustable

Rate

Mortgages

Trust,

Series

2007-HF2,

Class

A1

(LIBOR

USD

1-Month

plus

0.62%)

2.24%

09/25/37

2

$

863,606‌

$

843,678‌

MASTR

Seasoned

Securitization

Trust,

Series

2004-1,

Class

4A1

2.41%

10/25/32

4

4,670‌

4,617‌

MASTR

Seasoned

Securitization

Trust,

Series

2005-1,

Class

4A1

2.37%

10/25/32

4

17,099‌

16,568‌

Merrill

Lynch

First

Franklin

Mortgage

Loan

Trust,

Series

2007-3,

Class

A2C

(LIBOR

USD

1-Month

plus

0.18%)

1.80%

06/25/37

2

337,120‌

215,667‌

Merrill

Lynch

First

Franklin

Mortgage

Loan

Trust,

Series

2007-3,

Class

A2D

(LIBOR

USD

1-Month

plus

0.25%)

1.87%

06/25/37

2

622,988‌

527,051‌

Mid-State

Capital

Corp.

Trust,

Series

2005-1,

Class

M2

7.08%

01/15/40

266,971‌

268,502‌

Mid-State

Trust

XI,

Series

11,

Class

A1

4.86%

07/15/38

372,328‌

366,949‌

Morgan

Stanley

ABS

Capital

I

Trust,

Series

2004-NC7,

Class

M2

(LIBOR

USD

1-Month

plus

0.93%)

2.55%

07/25/34

2

119,198‌

113,662‌

Morgan

Stanley

ABS

Capital

I,

Inc.,

Trust,

Series

2005-HE3,

Class

M5

(LIBOR

USD

1-Month

plus

1.04%)

2.66%

07/25/35

2

4,110,619‌

4,030,077‌

Nationstar

Home

Equity

Loan

Trust,

Series

2007-B,

Class

1AV1

(LIBOR

USD

1-Month

plus

0.22%)

1.84%

04/25/37

2

1,629,594‌

1,614,720‌

New

Century

Home

Equity

Loan

Trust,

Series

2005-1,

Class

M1

(LIBOR

USD

1-Month

plus

0.68%)

2.30%

03/25/35

2

1,901,197‌

1,894,291‌

New

Century

Home

Equity

Loan

Trust,

Series

2005-D,

Class

A1

(LIBOR

USD

1-Month

plus

0.44%)

2.06%

02/25/36

2

724,739‌

722,688‌

New

York

Mortgage

Trust,

Series

2005-3,

Class

A1

(LIBOR

USD

1-Month

plus

0.48%)

2.10%

02/25/36

2

438,150‌

433,338‌

Option

One

Mortgage

Loan

Trust,

Series

2005-2,

Class

M1

(LIBOR

USD

1-Month

plus

0.66%)

2.28%

05/25/35

2

39,825‌

39,653‌

PRPM

LLC,

Series

2021-11,

Class

A1

(STEP-reset

date

07/25/22)

2.49%

11/25/26

1

1,636,552‌

1,544,220‌

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

13

/

June

2022

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

Non-Agency

Mortgage-Backed

(continued)

PRPM

LLC,

Series

2022-3,

Class

A1

(STEP-reset

date

07/25/22)

5.56%

06/25/27

†,1

$

2,500,000‌

$

2,459,131‌

RBSSP

Resecuritization

Trust,

Series

2009-12,

Class

17A2

2.07%

10/25/35

1,4

1,709,633‌

1,686,607‌

Residential

Asset

Mortgage

Products

Trust,

Series

2003-SL1,

Class

A41

8.00%

04/25/31

15,935‌

14,603‌

Residential

Asset

Mortgage

Products

Trust,

Series

2004-SL1,

Class

A7

7.00%

11/25/31

7,222‌

6,663‌

Residential

Asset

Securities

Corp.,

Series

2005-AHL3,

Class

A3

(LIBOR

USD

1-Month

plus

0.34%)

2.30%

11/25/35

2

6,424‌

6,422‌

Residential

Asset

Securitization

Trust,

Series

2004-IP2,

Class

2A1

2.84%

12/25/34

4

11,883‌

10,758‌

Structured

Adjustable

Rate

Mortgage

Loan

Trust,

Series

2004-15,

Class

A

2.73%

10/25/34

4

637,556‌

592,848‌

Structured

Asset

Mortgage

Investments

II

Trust,

Series

2005-AR1,

Class

A1

(LIBOR

USD

1-Month

plus

0.48%)

2.08%

04/19/35

2

376,817‌

354,632‌

Structured

Asset

Mortgage

Investments

II

Trust,

Series

2005-AR8,

Class

A2

(Federal

Reserve

US

12-Month

Cumulative

Average

plus

1.48%)

1.57%

02/25/36

2

374,207‌

357,712‌

Structured

Asset

Mortgage

Investments

II

Trust,

Series

2006-AR3,

Class

22A1

2.57%

05/25/36

4

1,804,079‌

1,079,744‌

WaMu

Mortgage

Pass-Through

Certificates,

Series

2005-AR13,

Class

A1A3

(LIBOR

USD

1-Month

plus

1.56%)

3.18%

10/25/45

2

449,426‌

438,029‌

44,951,815‌

U.S.

Agency

Commercial

Mortgage-Backed

—

0.11%

Fannie

Mae

Pool

AN2786

2.76%

09/01/36

47,696‌

42,733‌

Fannie

Mae

Pool

BL6060

2.46%

04/01/40

1,160,000‌

937,281‌

Fannie

Mae-Aces,

Series

2015-M4,

Class

X2

(IO)

0.27%

07/25/22

4

465,933‌

2‌

980,016‌

U.S.

Agency

Mortgage-Backed

—

9.15%

Fannie

Mae

Pool

253974

7.00%

08/01/31

735‌

773‌

Fannie

Mae

Pool

527247

7.00%

09/01/26

7‌

7‌

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

U.S.

Agency

Mortgage-Backed

(continued)

Fannie

Mae

Pool

545191

7.00%

09/01/31

$

434‌

$

460‌

Fannie

Mae

Pool

545646

7.00%

09/01/26

5‌

5‌

Fannie

Mae

Pool

549740

6.50%

10/01/27

1,363‌

1,430‌

Fannie

Mae

Pool

606108

7.00%

03/01/31

300‌

301‌

Fannie

Mae

Pool

630599

7.00%

05/01/32

2,246‌

2,373‌

Fannie

Mae

Pool

655928

7.00%

08/01/32

1,581‌

1,747‌

Fannie

Mae

Pool

735207

7.00%

04/01/34

781‌

841‌

Fannie

Mae

Pool

735686

6.50%

12/01/22

1‌

1‌

Fannie

Mae

Pool

735861

6.50%

09/01/33

40,317‌

42,393‌

Fannie

Mae

Pool

764388

(LIBOR

USD

6-Month

plus

1.38%)

1.76%

03/01/34

2

6,887‌

6,843‌

Fannie

Mae

Pool

776708

5.00%

05/01/34

68,985‌

72,608‌

Fannie

Mae

Pool

844773

(LIBOR

USD

12-Month

plus

1.53%)

1.78%

12/01/35

2

5,023‌

5,002‌

Fannie

Mae

Pool

889184

5.50%

09/01/36

54,205‌

58,132‌

Fannie

Mae

Pool

890221

5.50%

12/01/33

79,106‌

84,314‌

Fannie

Mae

Pool

939419

(LIBOR

USD

12-Month

plus

1.27%)

2.64%

05/01/37

2

20,404‌

20,382‌

Fannie

Mae

Pool

AL0209

4.50%

05/01/41

220,502‌

228,710‌

Fannie

Mae

Pool

CA1710

4.50%

05/01/48

9,209‌

9,368‌

Fannie

Mae

Pool

CA1711

4.50%

05/01/48

622,151‌

632,930‌

Fannie

Mae

Pool

CA2208

4.50%

08/01/48

8,344‌

8,488‌

Fannie

Mae

Pool

FM2318

3.50%

09/01/49

1,018,979‌

993,423‌

Fannie

Mae

Pool

MA1527

3.00%

08/01/33

14,516‌

14,198‌

Fannie

Mae

Pool

MA1561

3.00%

09/01/33

815,423‌

792,130‌

Fannie

Mae

Pool

MA1608

3.50%

10/01/33

710,071‌

709,959‌

Fannie

Mae

Pool

MA3427

4.00%

07/01/33

7,291‌

7,428‌

Fannie

Mae

Pool

MA3537

4.50%

12/01/48

578,322‌

588,342‌

Fannie

Mae

Pool

MA3811

3.00%

10/01/49

443,948‌

413,080‌

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

June

2022

/

14

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

U.S.

Agency

Mortgage-Backed

(continued)

Fannie

Mae

Pool

MA4152

2.00%

10/01/40

$

2,573,107‌

$

2,316,932‌

Fannie

Mae

Pool

MA4333

2.00%

05/01/41

712,421‌

638,822‌

Fannie

Mae

REMICS,

Series

1993-80,

Class

S

(-1.22

X

LIBOR

USD

1-Month

plus

10.88%,

10.88%

Cap)

8.89%

05/25/23

2

226‌

231‌

Fannie

Mae

REMICS,

Series

2001-52,

Class

YZ

6.50%

10/25/31

82,180‌

85,450‌

Fannie

Mae

REMICS,

Series

2003-124,

Class

TS

(-14.00

X

LIBOR

USD

1-Month

plus

100.80%,

9.80%

Cap)

9.80%

01/25/34

2

2,475‌

2,549‌

Fannie

Mae

REMICS,

Series

2007-64,

Class

FA

(LIBOR

USD

1-Month

plus

0.47%)

2.09%

07/25/37

2

36,566‌

36,604‌

Fannie

Mae

REMICS,

Series

2008-50,

Class

SA

(IO)

(-1.00

X

LIBOR

USD

1-Month

plus

6.05%,

6.05%

Cap)

4.43%

11/25/36

2

596,644‌

70,905‌

Fannie

Mae

REMICS,

Series

2018-38,

Class

PA

3.50%

06/25/47

3,956‌

3,952‌

Fannie

Mae

REMICS,

Series

2018-43,

Class

CT

3.00%

06/25/48

210,726‌

203,683‌

Fannie

Mae

REMICS,

Series

2018-55,

Class

PA

3.50%

01/25/47

31,066‌

31,123‌

Fannie

Mae

REMICS,

Series

2018-86,

Class

JA

4.00%

05/25/47

187,080‌

187,189‌

Fannie

Mae

Trust,

Series

2003-W6,

Class

5T

(IO)

(-1.00

X

LIBOR

USD

1-Month

plus

8.15%,

0.55%

Cap)

0.55%

09/25/42

2

7,076,234‌

108,363‌

Freddie

Mac

Gold

Pool

A25162

5.50%

05/01/34

61,073‌

65,113‌

Freddie

Mac

Gold

Pool

A33262

5.50%

02/01/35

26,762‌

28,707‌

Freddie

Mac

Gold

Pool

A68781

5.50%

10/01/37

4,033‌

4,332‌

Freddie

Mac

Gold

Pool

C03813

3.50%

04/01/42

517,696‌

512,511‌

Freddie

Mac

Gold

Pool

G01548

7.50%

07/01/32

175,539‌

196,074‌

Freddie

Mac

Gold

Pool

G01644

5.50%

02/01/34

40,653‌

43,634‌

Freddie

Mac

Gold

Pool

G02366

6.50%

10/01/36

34,880‌

38,788‌

Freddie

Mac

Gold

Pool

G08844

5.00%

10/01/48

175,227‌

179,902‌

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

U.S.

Agency

Mortgage-Backed

(continued)

Freddie

Mac

Gold

Pool

G12909

6.00%

11/01/22

$

1,468‌

$

1,475‌

Freddie

Mac

Gold

Pool

G13032

6.00%

09/01/22

4‌

4‌

Freddie

Mac

Gold

Pool

G15897

2.50%

09/01/31

20,973‌

20,396‌

Freddie

Mac

Gold

Pool

G16085

2.50%

02/01/32

1,285,409‌

1,262,323‌

Freddie

Mac

Gold

Pool

G16524

3.50%

05/01/33

44,560‌

44,639‌

Freddie

Mac

Gold

Pool

G16756

3.50%

01/01/34

766,823‌

768,138‌

Freddie

Mac

Gold

Pool

G18581

2.50%

01/01/31

19,996‌

19,637‌

Freddie

Mac

Pool

SD7503

3.50%

08/01/49

2,846,332‌

2,774,948‌

Freddie

Mac

REMICS,

Series

1602,

Class

SN

(-4.25

X

PRIME

plus

46.22%,

10.09%

Cap)

10.09%

10/15/23

2

2,002‌

2,027‌

Freddie

Mac

REMICS,

Series

2174,

Class

PN

6.00%

07/15/29

14,875‌

15,608‌

Freddie

Mac

REMICS,

Series

3460,

Class

SA

(IO)

(-1.00

X

LIBOR

USD

1-Month

plus

6.20%,

6.20%

Cap)

4.88%

06/15/38

2

560,674‌

72,096‌

Freddie

Mac

REMICS,

Series

4030,

Class

HS

(IO)

(-1.00

X

LIBOR

USD

1-Month

plus

6.61%,

6.61%

Cap)

5.29%

04/15/42

2

484,184‌

71,427‌

Ginnie

Mae

(TBA)

2.50%

07/20/52

3,900,000‌

3,566,333‌

Ginnie

Mae

I

Pool

782810

4.50%

11/15/39

412,846‌

426,511‌

Ginnie

Mae

II

Pool

80968

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

1-Year

plus

1.50%)

1.63%

07/20/34

2

10,977‌

10,991‌

Ginnie

Mae

II

Pool

MA4454

5.00%

05/20/47

15,047‌

15,769‌

Ginnie

Mae

II

Pool

MA4511

4.00%

06/20/47

3,766‌

3,791‌

Ginnie

Mae

II

Pool

MA4588

4.50%

07/20/47

135,965‌

140,207‌

Ginnie

Mae

II

Pool

MA4589

5.00%

07/20/47

744,542‌

782,818‌

Ginnie

Mae

II

Pool

MA4838

4.00%

11/20/47

344,064‌

345,816‌

Ginnie

Mae

II

Pool

MA4901

4.00%

12/20/47

276,145‌

277,551‌

Ginnie

Mae

II

Pool

MA5399

4.50%

08/20/48

349,099‌

356,593‌

Ginnie

Mae

II

Pool

MA5530

5.00%

10/20/48

4,257‌

4,381‌

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

15

/

June

2022

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

U.S.

Agency

Mortgage-Backed

(continued)

Ginnie

Mae

II

Pool

MA6030

3.50%

07/20/49

$

48,533‌

$

46,488‌

Ginnie

Mae

II

Pool

MA6080

3.00%

08/20/49

23,095‌

21,526‌

Ginnie

Mae

II

Pool

MA6209

3.00%

10/20/49

414,906‌

386,707‌

Ginnie

Mae,

Series

2004-8,

Class

SE

(-2.00

X

LIBOR

USD

1-Month

plus

14.30%,

14.30%

Cap)

11.05%

11/26/23

2

3,126‌

3,218‌

UMBS

(TBA)

2.00%

07/01/52

3,225,000‌

2,798,180‌

2.00%

08/01/52

6,900,000‌

5,981,329‌

2.50%

07/01/52

1,775,000‌

1,595,751‌

2.50%

08/01/52

13,950,000‌

12,524,849‌

3.00%

07/01/52

19,625,000‌

18,272,503‌

3.00%

08/01/52

4,150,000‌

3,866,308‌

3.50%

07/01/52

3,250,000‌

3,125,669‌

3.50%

08/01/52

1,750,000‌

1,680,684‌

4.00%

07/01/52

3,825,000‌

3,772,929‌

4.50%

07/01/52

4,900,000‌

4,920,098‌

79,430,250‌

Total

Mortgage-Backed

(Cost

$157,695,055)

151,720,344‌

MUNICIPAL

BONDS

—

0.77%*  

California

—

0.22%

City

of

San

Francisco

Public

Utilities

Commission

Water

Revenue

Bonds,

Series

G

2.19%

11/01/32

795,000‌

663,212‌

Los

Angeles

Department

of

Water

&

Power

Power

System

Revenue

Bonds,

Electric

Light

&

Power

Improvements,

Series

C

5.52%

07/01/27

50,000‌

53,993‌

Los

Angeles

Unified

School

District

General

Obligation

Bonds,

School

Improvements,

Series

KR

5.75%

07/01/34

1,075,000‌

1,196,155‌

1,913,360‌

Florida

—

0.06%

County

of

Miami-Dade

Aviation

Revenue

Bonds,

Airport

and

Marina

Improvements,

Series

C

4.06%

10/01/31

280,000‌

273,165‌

County

of

Miami-Dade

Aviation

Revenue

Bonds,

Airport

and

Marina

Improvements,

Series

D

3.50%

10/01/31

245,000‌

226,498‌

499,663‌

Michigan

—

0.08%

University

of

Michigan

Revenue

Bonds,

Series

C

3.48%

04/01/33

750,000‌

727,603‌

New

York

—

0.41%

City

of

New

York

General

Obligation,

Public

Improvements,

Series

2

1.70%

03/01/29

250,000‌

217,662‌

Issues

Maturity

Date

Principal

Amount

Value

MUNICIPAL

BONDS

(continued)

New

York

(continued)

Metropolitan

Transportation

Authority

Revenue

Bonds,

Transit

Improvements

6.55%

11/15/31

$

25,000‌

$

27,900‌

New

York

City

Transitional

Finance

Authority

Future

Tax

Secured

Revenue

Bonds,

School

Improvements,

Series

G-3

5.27%

05/01/27

1,465,000‌

1,560,741‌

New

York

State

Dormitory

Authority

Revenue

Bonds,

Series

C

1.95%

03/15/29

590,000‌

511,703‌

New

York

State

Dormitory

Authority

Revenue

Bonds,

Transit

Improvements,

Series

F

3.03%

02/15/33

1,245,000‌

1,121,515‌

New

York

State

Dormitory

Authority

Revenue

Bonds,

University

&

College

Improvements,

Series

D

5.50%

03/15/30

70,000‌

74,205‌

3,513,726‌

Pennsylvania

—

0.00%

Pennsylvania

Economic

Development

Financing

Authority

Revenue

Bonds,

University

of

Pittsburgh

Medical

Center,

Series

B

3.20%

11/15/27

40,000‌

38,032‌

Total

Municipal

Bonds

(Cost

$7,343,752)

6,692,384‌

U.S.

TREASURY

SECURITIES

—

42.69%  

U.S.

Treasury

Notes

—

42.69%

U.S.

Treasury

Notes

2.50%

05/31/24

3,320,000‌

3,290,691‌

2.63%

05/31/27

69,270,000‌

67,968,482‌

2.75%

04/30/27

48,535,000‌

47,877,072‌

2.88%

05/15/32

22,942,000‌

22,668,715‌

2.88%

06/15/25

115,403,000‌

114,992,511‌

3.00%

06/30/24

5,525,000‌

5,528,237‌

3.25%

06/30/27

107,170,000‌

108,233,328‌

Total

U.S.

Treasury

Securities

(Cost

$368,824,264)

370,559,036‌

Total

Bonds

—

99.43%

(Cost

$892,000,664)

863,015,216‌

Issues

Shares

Value

COMMON

STOCK

—

0.05%

Communications

—

0.05%

Intelsat

Emergence

SA

3,5,6,9

(Luxembourg)

15,249‌

430,784‌

Electric

—

0.00%

Homer

City

Holdings

LLC

†,5,6

8,014‌

—‌

Total

Common

Stock

(Cost

$968,242)

430,784‌

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

June

2022

/

16

Issues

Shares

Value

RIGHTS

—

0.00%

Communications

—

0.00%

Intelsat

Jackson

Holdings

SA,

Series

A

†,3,5,6,9

(Luxembourg)

1,596‌

$

—‌

Intelsat

Jackson

Holdings

SA,

Series

B

†,3,5,6,9

(Luxembourg)

1,596‌

—‌

—‌

Total

Rights

(Cost

$–)

—‌

Purchased

Options

-

0.00%

(Cost

$172,497)

10,475‌

Issues

Maturity

Date

Principal

Amount

/

Shares

Value

SHORT-TERM

INVESTMENTS

—

1.22%

Money

Market

Funds

—

1.22%

Dreyfus

Government

Cash

Management

Fund

1.35%

12

6,404,000‌

6,404,000‌

Fidelity

Investments

Money

Market

Funds

-

Government

Portfolio

1.21%

12,13

9,778‌

9,778‌

Morgan

Stanley

Institutional

Liquidity

Funds

-

Government

Portfolio

1.38%

12

4,185,000‌

4,185,000‌

Total

Short-Term

Investments

(Cost

$10,598,778)

10,598,778‌

Total

Investments

Before

Written

Options

-

100.70%

(Cost

$903,740,181)

874,055,253‌

Written

Options

-

0.00%

(Cost

$(163,604))

(6,188)

Net

unrealized

depreciation

on

unfunded

commitments

-

0.00%

(452‌)

Liabilities

in

Excess

of

Other

Assets

-

(0.70)%

(6,080,546‌)

Net

Assets

-

100.00%

$

867,968,067‌

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

June

30,

2022.

3

Foreign

denominated

security

issued

by

foreign

domiciled

entity.

4

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.

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

$2,872,136,

which

is

0.33%

of

total

net

assets.

7

Excluded

from

the

investment

total

above

is

an

unfunded

delayed

draw

term

loan

commitment

in

an

amount

not

to

exceed

$12,246,

at

an

interest

rate

of

4.00%

and

a

maturity

of

July

31,

2028.

The

investment

is

not

accruing

an

unused

commitment

fee.

8

Excluded

from

the

investment

total

above

is

an

unfunded

delayed

draw

term

loan

commitment

in

an

amount

not

to

exceed

$18,943,

at

an

interest

rate

of

4.25%

and

a

maturity

of

June

22,

2029.

The

investment

is

not

accruing

an

unused

commitment

fee.

9

Non-income producing

security.

10

Security

is

currently

in

default

with

regard

to

scheduled

interest

or

principal

payments.

11

Zero

coupon

bond.

The

rate

shown

is

the

effective

yield

as

of

June

30,

2022.

12

Represents

the

current

yield

as

of

June

30,

2022.

13

Securities,

or

a

portion

thereof,

pledged

as

collateral

for

swaps.

The

total

market

value

of

collateral

pledged

is

$36.

†

Fair

valued

security.

The

aggregate

value

of

fair

valued

securities

is

$2,459,131,

which

is

0.28%

of

total

net

assets.

Fair

valued

securities

were

not

valued

utilizing

an

independent

quote

but

were

valued

pursuant

to

guidelines

established

by

the

Board

of

Trustees.

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.

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.

(CLO):

Collateralized

Loan

Obligation

(EMTN):

Euro

Medium-Term

Note

(EUR):

Euro

(EURIBOR):

Euro

InterBank

Offer

Rate

(GBP):

British

Pound

(GMTN):

Global

Medium-Term

Note

(IO):

Interest

Only

(LIBOR):

London

InterBank

Offer

Rate

(MTN):

Medium-Term

Note

(S&P):

Standard

&

Poor’s

(SOFR):

Secured

Overnight

Financing

Rate

(STEP):

Step

Coupon

Bond

(TBA):

To-Be-Announced

(USD):

U.S.

Dollar

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

17

/

June

2022

Currency

to

be

Purchased

Currency

to

be

Sold

Counterparty

Settlement

Date

Unrealized

Appreciation

(Depreciation)

FOREIGN

CURRENCY

EXCHANGE

CONTRACT

USD

4,867,107

EUR

4,586,000

Citigroup

Global

Markets,

Inc.

07/08/22

$

70,142‌

USD

3,380,799

EUR

3,184,000

Goldman

Sachs

International

07/08/22

50,330‌

USD

386,073

GBP

315,000

Citigroup

Global

Markets,

Inc.

07/08/22

3,468‌

USD

7,990,217

EUR

7,539,000

Citigroup

Global

Markets,

Inc.

10/07/22

51,302‌

USD

360,258

GBP

294,000

Citigroup

Global

Markets,

Inc.

10/07/22

2,496‌

177,738‌

EUR

7,759,000

USD

8,167,377

Citigroup

Global

Markets,

Inc.

07/08/22

(51,447‌)

EUR

11,000

USD

11,617

Goldman

Sachs

International

07/08/22

(111‌)

GBP

315,000

USD

384,918

Citigroup

Global

Markets,

Inc.

07/08/22

(2,313‌)

(53,871‌)

NET

UNREALIZED

APPRECIATION

$

123,867‌

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

FUTURES

CONTRACTS:

LONG

POSITIONS

U.S.

Treasury

Two-Year

Note

650

09/30/22

$

136,510,157‌

$

(392,668‌)

$

(392,668‌)

U.S.

Treasury

Five-Year

Note

101

09/30/22

11,337,250‌

(71,381‌)

(71,381‌)

U.S.

Treasury

Ten-Year

Ultra

Bond

17

09/21/22

2,165,375‌

5,103‌

5,103‌

150,012,782‌

(458,946‌)

(458,946‌)

FUTURES

CONTRACTS:

SHORT

POSITIONS

U.S.

Treasury

Ultra

Bond

33

09/21/22

(5,093,344‌)

139,594‌

139,594‌

Euro-Bobl

Future

16

09/08/22

(2,171,767‌)

13,554‌

13,554‌

Euro-Bund

Future

12

09/08/22

(1,951,337‌)

17,396‌

17,396‌

(9,216,448‌)

170,544‌

170,544‌

TOTAL

FUTURES

CONTRACTS

$

140,796,334‌

$

(288,402‌)

$

(288,402‌)

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

June

2022

/

18

Reference

Obligation/Index

Financing

Rate

Paid

by

the

Fund

Payment

Frequency

Implied

Credit

Spread

at

06/30/22

1

Counterparty

Expiration

Date

Notional

Amount

(000's)

2

Value

3

Premiums

Paid

Unrealized

Appreciation

SWAPS:

CREDIT

DEFAULT

(SALES)

-

SINGLE

ISSUES

OTC

4

Berry

Global,

Inc.,

5.63%,

due

07/15/27

5.00%

3

Months

175

Credit

Suisse

First

Boston

International

12/20/23

$

1,155‌

$

55,148‌

$

52,246‌

$

2,902‌

1011778

BC

ULC/New

Red

Finance,

Inc.,

4.00%,

due

10/15/30

5

5.00%

3

Months

120

Credit

Suisse

First

Boston

International

06/20/23

2,070‌

78,401‌

66,320‌

12,081‌

TOTAL

$

133,549‌

$

118,566‌

$

14,983‌

1

An

implied

credit

spread

is

the

spread

in

yield

between

a

U.S.

Treasury

security

and

the

referenced

obligation

or

underlying

investment

that

are

identical

in

all

respects

except

for

the

quality

rating.

Implied

credit

spreads,

represented

in

absolute

terms,

utilized

in

determining

the

value

of

credit

default

swaps

on

corporate

issues

as

of

year

end

serve

as

an

indicator

of

the

current

status

of

the

payment

performance

risk

and

represent

the

likelihood

of

risk

of

default

for

the

credit

derivative.

The

implied

credit

spread

of

a

particular

referenced

entity

reflects

the

cost

of

buying/selling

protection

and

may

include

upfront

payments

required

to

be

made

to

enter

the

agreement.

Wider

credit

spreads,

in

comparison

to

narrower

credit

spreads,

represent

a

deterioration

of

the

referenced

entity's

credit

soundness

and

a

greater

likelihood

of

risk

of

default

or

other

credit

event

occurring

as

defined

under

the

terms

of

the

agreement.

2

The

maximum

potential

amount

for

the

Fund

could

be

required

to

pay

as

a

seller

of

credit

protection

or

receive

as

a

buyer

of

credit

protection

if

a

credit

event

occurs

as

defined

under

the

terms

of

that

particular

swap

agreement.

3

The

quoted

market

prices

are

resulting

values

for

credit

default

swap

agreements

on

credit

indices

serve

as

an

indicator

of

the

current

status

of

the

payment/performance

risk

and

represent

the

likelihood

of

an

expected

liability

(or

profit)

for

the

credit

derivative

had

the

notional

amount

of

the

swap

agreement

been

closed/sold

as

of

year

end.

Increasing

values

(buy

protection)

or

decreasing

values

(sell

protection),

when

compared

to

the

notional

amount

of

the

swap,

represent

a

deterioration

of

the

referenced

entity's

credit

soundness

and

a

greater

likelihood

of

risk

of

default

or

other

credit

event

occurring

as

defined

under

the

terms

of

the

agreement.

4

If

the

Fund

is

a

seller

of

protection

and

credit

event

occurs,

as

defined

under

the

terms

of

that

particular

swap

agreement,

the

Fund

will

either

(i)

pay

to

the

buyer

of

protection

the

amount

equal

to

the

notional

amount

of

the

swap

and

take

delivery

of

the

referenced

obligation

or

underlying

investments

comprising

the

referenced

index

or

(ii)

pay

a

net

settlement

amount

in

the

form

of

cash

or

investments

equal

to

the

notional

amount

of

the

swap

less

the

recovery

value

of

the

referenced

obligation

or

underlying

investments

comprising

the

referenced

index.

5

Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

3

in

the

fair

value

hierarchy.

Description

Number

of

contracts

Exercise

Price

Expiration

Date

Notional

Amount

Value

PURCHASED

CALL

OPTIONS

EXCHANGE

TRADED

IMM

Eurodollar

1-Year

MIDCV

Future

Options

101‌

$

98.38

09/16/22

$

733,222‌

$

5,050‌

IMM

Eurodollar

1-Year

MIDCV

Future

Options

217‌

98.75

09/16/22

10,502,258‌

5,425‌

TOTAL

PURCHASED

OPTIONS

$

11,235,480‌

$

10,475‌

Description

Number

of

contracts

Exercise

Price

Expiration

Date

Notional

Amount

Value

WRITTEN

CALL

OPTIONS

EXCHANGE

TRADED

IMM

Eurodollar

1-Year

MIDCV

Future

Options

495‌

$

99.00

09/16/22

$

(21,561,086‌)

$

(6,188‌)

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

19

/

June

2022

SIGNIFICANT

ACCOUNTING

POLICIES

The

following

is

a

summary

of

significant

accounting

policies

consistently

followed

by

the

Fund:

Net

Asset

Value

The

Net

Asset

Value

(“NAV”)

of

each

class

of

the

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.

Security

Valuation

Fixed

income

securities

for

which

market

quotations

are

readily

available were

valued

during

the

period at

prices

as

provided

by

independent

pricing

vendors

or

broker

quotes.

The

Fund

received

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

Fund

also

uses

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

(e.g.,

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

on

which

those

securities

are

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

ask

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

ask

prices.

Securities

and

other

assets

that

could

not be

valued

as

described

above were

valued

for

the

period 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

for

the

period included,

but were

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

influence

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

could

not be

valued

pursuant

to

one

of

the

valuation

methods

established

by

the

Board,

the

value

of

the

security

or

asset was

determined

in

good

faith

by

the

Pricing

Committee

of

the

Board,

generally

based

upon

recommendations

provided

by

the

Adviser.

When

the

Fund

uses

these

fair

valuation

methods

applied

by

the

Adviser

that

use

significant

unobservable

inputs

to

determine

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

Fund’s

policy

is

intended

to

result

in

a

calculation

of

its

NAV

that

fairly

reflects

security

values

as

of

the

time

of

pricing,

the

Fund

cannot

guarantee

that

values

determined

by

the

Board

or

persons

acting

at

their

direction

would

accurately

reflect

the

price

that

the

Fund

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

Fund

may

differ

from

the

value

that

would

be

realized

if

the

securities

were

sold.

Fair

Value

Measurements

Various

inputs

are

used

in

determining

the

fair

value

of

investments,

which

are

as

follows:

*

Level

1

-

unadjusted

quoted

prices

in

active

markets

for

identical

securities

*

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

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

June

2022

/

20

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 as

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.

The

summary

of

inputs

used

to

value

the

Fund’s

investments

and

other

financial

instruments

carried

at

fair

value

as

of

June

30,

2022

is

as

follows:

INTERMEDIATE

BOND

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTAL

Investments

in

Securities

Assets:

Short-Term

Investments:

Money

Market

Funds

$

10,598,778‌

$

—‌

$

—‌

$

10,598,778‌

Long-Term

Investments:

Asset-Backed

Securities

—‌

51,068,954‌

1,961,386‌

53,030,340‌

Bank

Loans

—‌

11,847,473‌

—‌

11,847,473‌

Common

Stock

—‌

—‌

430,784‌

430,784‌

Corporates

—‌

267,593,833‌

479,966‌

268,073,799‌

Foreign

Government

Obligations

—‌

1,091,840‌

—‌

1,091,840‌

Mortgage-Backed

Securities

—‌

151,720,344‌

—‌

151,720,344‌

Municipal

Bonds

—‌

6,692,384‌

—‌

6,692,384‌

Purchased

Options

10,475‌

—‌

—‌

10,475‌

Rights

—‌

—‌

—‌

—‌

U.S.

Treasury

Securities

370,559,036‌

—‌

—‌

370,559,036‌

Other

Financial

Instruments

*

Assets:

Credit

contracts

—‌

55,148‌

78,401‌

133,549‌

Foreign

currency

exchange

contracts

—‌

177,738‌

—‌

177,738‌

Interest

rate

contracts

175,647‌

—‌

—‌

175,647‌

Liabilities:

Foreign

currency

exchange

contracts

—‌

(

53,871‌

)

—‌

(

53,871‌

)

Interest

rate

contracts

(

470,237‌

)

—‌

—‌

(

470,237‌

)

Total

$

380,873,699‌

$

490,193,843‌

$

2,950,537‌

$

874,018,079‌

*Other

financial

instruments

include

foreign

currency

exchange

contracts,

futures,

swaps

and

written

options.

Credit

contracts

include

swaps.

Interest

rate

contracts

include

futures

and

written

options.

Intermediate

Bond

Fund

Schedule

of

Portfolio

Investments

June

30,

2022

(Unaudited)

21

/

June

2022

Certain

securities

held

by

the

Funds

are

categorized

as

Level

3

investments.

Their

prices

may

be

derived

by

utilizing

unobservable

prior

transaction

values

or

information

from

third

party

valuation

services.

The

value

of

Level

3

investments

could

be

significantly

affected

by

changes

in

these

unobservable

inputs.

For

the

period

ended

June

30,

2022

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

table

is

a

reconciliation

of

Level

3

investments

for

which

significant

unobservable

inputs

were

used

in

determining

fair

value:

COMMITMENTS

AND

CONTINGENCIES

The

Intermediate

Bond

Fund had

the

following

unfunded

commitments

and

unrealized

gain

(loss)

as

of

June

30,

2022:

INTERMEDIATE

BOND

FUND

ASSET-BACKED

SECURITIES

COMMON

STOCK

CORPORATES

CREDIT

DEFAULT

SWAPS

Balance

as

of

April

1,

2022

$

2,041,174‌

$

457,470‌

$

522,068‌

$

98,067‌

Accrued

discounts/premiums

—‌

—‌

—‌

—‌

Realized

gain

(loss)

—‌

—‌

—‌

—‌

Change

in

unrealized

appreciation

(depreciation)*

(

47,448‌

)

(

26,686‌

)

(

42,102‌

)

545‌

Purchases

—‌

—‌

—‌

—‌

Sales

(

32,340‌

)

—‌

—‌

(

20,211‌

)

Transfers

into

Level

3**

—‌

—‌

—‌

—‌

Transfers

out

of

Level

3**

—‌

—‌

—‌

—‌

Balance

as

of

June

30,

2022

$

1,961,386‌

$

430,784‌

$

479,966‌

$

78,401‌

*The

change

in

unrealized

appreciation

(depreciation)

on

securities

still

held

at

June

30,

2022

was

$(118,566)

and

is

included

in

the

related

net

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

ended

June

30,

2022.

Significant

unobservable

valuations

inputs

for

Level

3

investments

as

of

June

30,

2022,

are

as

follows:

INTERMEDIATE

BOND

FUND

FAIR

VALUE

AT

6/30/22

VALUATION

TECHNIQUE

*

UNOBSERVABLE

INPUT

RANGE

WEIGHTED

AVERAGE

INPUT

TO

VALUATION

IF

INPUT

INCREASES

Asset-Backed

Securities

$1,961,386

Broker

Quote

Offered

Quote

$92.06

$92.06

Increase

Common

Stock

$—

Broker

Quote

Offered

Quote

$—

$—

Increase

Common

Stock

$430,784

Third-Party

Vendor

Vendor

Prices

$28.25

$28.25

Increase

Corporate

Securities

$—

Broker

Quote

Offered

Quote

$—

$—

Increase

Corporate

Securities

$479,966

Third-Party

Vendor

Vendor

Prices

$85.50

$85.50

Increase

Rights

$—

Broker

Quote

Offered

Quote

$—

$—

Increase

Credit

Default

Swaps

$78,401

Broker

Quote

Offered

Quote

$3.65

$3.65

Increase

*

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.

INTERMEDIATE

BOND

FUND

UNFUNDED

COMMITMENTS

MATURITY

AMOUNT

UNREALIZED

GAIN

(LOSS)

AI

Aqua

Merger

Sub,

Inc.,

Delayed-Draw

Term

Loan,

1st

Lien

July

2028

$

12,246‌

$

(

582‌

)

Element

Materials

Technology

Group

U.S.

Holdings,

Inc.,

Delayed-Draw

Term

Loan,

1st

Lien

June

2029

18,943‌

130‌

Total

Unfunded

Commitments

$

31,189‌

$

(

452‌

)