Strategic

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2023

(Unaudited)

1

/

December

2023

Issues

Maturity

Date

Principal

Amount

Value

BONDS

–

90

.40

%

ASSET-BACKED

SECURITIES

—

12

.69

%

**

AGL

CLO

12

Ltd.,

Series

2021-12A,

Class

B

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

1.86%)

7.28%

07/20/34

1,2,3

$

125,000‌

$

124,767‌

Aimco

CLO,

Series

2015-AA,

Class

BR2

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

1.86%)

7.26%

10/17/34

1,2,3

70,000‌

69,953‌

Allegro

CLO

XII

Ltd.,

Series

2020-1A,

Class

B

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

1.96%)

7.37%

01/21/32

1,2,3

45,000‌

44,968‌

AMSR

Trust,

Series

2020-SFR1,

Class

H

5.30%

04/17/37

3

200,000‌

191,741‌

AMSR

Trust,

Series

2020-SFR1,

Class

I

8.19%

04/17/37

3

100,000‌

98,377‌

BCRED

CLO

LLC,

Series

2023-1A,

Class

A

(CME

Term

SOFR

3-Month

plus

2.30%)

0.00%

01/20/36

2,3

250,000‌

250,902‌

Carvana

Auto

Receivables

Trust,

Series

2022-P3,

Class

R

0.00%

09/10/29

3

1,750‌

246,467‌

Cedar

Funding

II

CLO

Ltd.,

Series

2013-1A,

Class

BRR

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

1.61%)

7.03%

04/20/34

1,2,3

75,000‌

73,619‌

Cedar

Funding

XII

CLO

Ltd.,

Series

2020-12A,

Class

A1R

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

1.39%)

6.77%

10/25/34

1,2,3

180,000‌

179,712‌

CoreVest

American

Finance

Trust,

Series

2020-1,

Class

A2

2.30%

03/15/50

3

140,000‌

125,637‌

Crystal

River

CDO,

Series

2005-1A,

Class

A

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

0.62%)

5.99%

03/02/46

1,2,3,4,5

419,900‌

42,987‌

Diamond

Infrastructure

Funding

LLC,

Series

2021-1A,

Class

C

3.48%

04/15/49

3

215,000‌

186,504‌

Dryden

85

CLO

Ltd.,

Series

2020-85A,

Class

AR

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

1.41%)

6.81%

10/15/35

1,2,3

150,000‌

150,182‌

Issues

Maturity

Date

Principal

Amount

Value

ASSET-BACKED

SECURITIES

(continued)

Eaton

Vance

CLO

Ltd.,

Series

2020-1A,

Class

AR

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

1.43%)

6.83%

10/15/34

1,2,3

$

90,000‌

$

90,114‌

FirstKey

Homes

Trust,

Series

2020-SFR1,

Class

F2

4.28%

08/17/37

3

162,000‌

153,915‌

FirstKey

Homes

Trust,

Series

2020-SFR1,

Class

G

4.78%

08/17/37

3

265,000‌

249,766‌

Flatiron

RR

CLO

22

LLC,

Series

2021-2A,

Class

B

(CME

Term

SOFR

3-Month

plus

1.86%)

7.26%

10/15/34

2,3

250,000‌

249,861‌

FRTKL,

Series

2021-SFR1,

Class

G

4.11%

09/17/38

3

300,000‌

261,869‌

Global

SC

Finance

II

SRL,

Series

2014-1A,

Class

A2

(Barbados)

3.09%

07/17/29

1,3

17,751‌

17,465‌

GLS

Auto

Receivables

Issuer

Trust,

Series

2023-2A,

Class

D

6.31%

03/15/29

3

220,000‌

221,437‌

GoldenTree

Loan

Management

U.S.

CLO

1

Ltd.,

Series

2021-9A,

Class

B

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

1.76%)

7.18%

01/20/33

1,2,3

325,000‌

323,116‌

GoldenTree

Loan

Management

U.S.

CLO

17

Ltd.,

Series

2023-17A,

Class

D

(United

Kingdom)

(CME

Term

SOFR

3-Month

plus

5.00%)

10.25%

07/20/36

1,2,3

175,000‌

177,075‌

Golub

Capital

Partners

CLO

42M-R,

Series

2019-42RA,

Class

A2R

(CME

Term

SOFR

3-Month

plus

2.75%)

0.00%

01/20/36

2,3

175,000‌

175,162‌

Golub

Capital

Partners

CLO

54M

L.P,

Series

2021-54A,

Class

A

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

1.79%)

7.18%

08/05/33

1,2,3

90,000‌

89,576‌

Golub

Capital

Partners

CLO

69M,

Series

2023-69A,

Class

B1

(CME

Term

SOFR

3-Month

plus

3.25%)

8.66%

11/09/36

2,3

250,000‌

251,400‌

Harvest

Commercial

Capital

Loan

Trust,

Series

2019-1,

Class

A

3.29%

09/25/46

3,6

15,064‌

14,623‌

HPS

Loan

Management

Ltd.

Series

10A-16,

Class

A1RR

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

1.40%)

6.82%

04/20/34

1,2,3

85,000‌

84,743‌

Strategic

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2023

(Unaudited)

December

2023

/

2

Issues

Maturity

Date

Principal

Amount

Value

ASSET-BACKED

SECURITIES

(continued)

HPS

Loan

Management

Ltd.,

Series

2023-18A,

Class

D

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

5.75%)

11.08%

07/20/36

1,2,3

$

175,000‌

$

179,370‌

KGS-Alpha

SBA

COOF

Trust,

Series

2015-1,

Class

A

(IO)

1.53%

10/25/35

3,6

814,550‌

25,008‌

Neuberger

Berman

Loan

Advisers

CLO

43

Ltd.,

Series

2021-43A,

Class

A

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

1.39%)

6.79%

07/17/35

1,2,3

85,000‌

85,104‌

OCP

CLO

Ltd.,

Series

2021-21A,

Class

B

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

1.96%)

7.38%

07/20/34

1,2,3

50,000‌

50,076‌

OCP

CLO

Ltd.,

Series

2023-28A,

Class

D

(United

Kingdom)

(CME

Term

SOFR

3-Month

plus

5.35%)

10.77%

07/16/36

1,2,3

250,000‌

254,676‌

Octagon

Investment

Partners

46

Ltd.,

Series

2020-2A,

Class

BR

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

1.91%)

7.31%

07/15/36

1,2,3

125,000‌

124,063‌

OHA

Credit

Funding

7

Ltd.,

Series

2020-7A,

Class

AR

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

1.30%)

6.70%

02/24/37

1,2,3

150,000‌

149,812‌

Park

Avenue

Institutional

Advisers

CLO

Ltd.,

Series

2021-1A,

Class

A2

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

2.01%)

7.43%

01/20/34

1,2,3

40,000‌

39,988‌

Progress

Residential

Trust,

Series

2019-SFR4,

Class

F

3.68%

10/17/36

3

161,000‌

156,337‌

Progress

Residential

Trust,

Series

2021-SFR6,

Class

G

4.00%

07/17/38

3

250,000‌

221,564‌

Progress

Residential

Trust,

Series

2021-SFR7,

Class

F

3.83%

08/17/40

3

220,000‌

182,738‌

Progress

Residential,

Series

2021-SFR1,

Class

F

2.76%

04/17/38

3

292,000‌

261,042‌

Progress

Residential,

Series

2021-SFR3,

Class

E1

2.54%

05/17/26

3

225,000‌

202,848‌

Progress

Residential,

Series

2021-SFR3,

Class

F

3.44%

05/17/26

3

200,000‌

179,463‌

Issues

Maturity

Date

Principal

Amount

Value

ASSET-BACKED

SECURITIES

(continued)

Progress

Residential,

Series

2021-SFR4,

Class

F

3.41%

05/17/38

3

$

320,000‌

$

286,268‌

Rad

CLO

22

Ltd.,

Series

2023-22A,

Class

D

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

5.00%)

10.37%

01/20/37

1,2,3

100,000‌

101,850‌

Rockford

Tower

CLO

Ltd.,

Series

2017-3A,

Class

A

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

1.45%)

6.87%

10/20/30

1,2,3

104,374‌

104,509‌

Rockford

Tower

CLO

Ltd.,

Series

2021-1A,

Class

B

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

1.91%)

7.33%

07/20/34

1,2,3

75,000‌

74,613‌

Skyline

Aircraft

Finance

LLC,

Series

2021-1,

Class

A

3.23%

05/10/37

4,5,6

62,964‌

56,945‌

SLC

Student

Loan

Trust,

Series

2004-1,

Class

B

(SOFR90A

plus

0.55%)

5.89%

08/15/31

2

83,735‌

70,988‌

SLM

Student

Loan

Trust,

Series

2007-7,

Class

B

(SOFR90A

plus

1.01%)

6.35%

10/27/70

2

215,000‌

194,075‌

SLM

Student

Loan

Trust,

Series

2008-2,

Class

B

(SOFR90A

plus

1.46%)

6.80%

01/25/83

2

340,000‌

316,408‌

SLM

Student

Loan

Trust,

Series

2008-3,

Class

B

(SOFR90A

plus

1.46%)

6.80%

04/26/83

2

340,000‌

321,152‌

SLM

Student

Loan

Trust,

Series

2008-4,

Class

B

(SOFR90A

plus

2.11%)

7.45%

04/25/73

2

340,000‌

333,883‌

SLM

Student

Loan

Trust,

Series

2008-5,

Class

B

(SOFR90A

plus

2.11%)

7.45%

07/25/73

2

235,000‌

231,543‌

Stratus

CLO

Ltd.,

Series

2021-3A,

Class

SUB

(Cayman

Islands)

0.00%

12/29/29

1,3,6

250,000‌

149,225‌

Structured

Receivables

Finance

LLC,

Series

2010-A,

Class

B

7.61%

01/16/46

3

236,197‌

236,197‌

Structured

Receivables

Finance

LLC,

Series

2010-B,

Class

B

7.97%

08/15/36

3

270,000‌

276,672‌

Strategic

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2023

(Unaudited)

3

/

December

2023

Issues

Maturity

Date

Principal

Amount

Value

ASSET-BACKED

SECURITIES

(continued)

Textainer

Marine

Containers

VII

Ltd.,

Series

2021-2A,

Class

A

(Bermuda)

2.23%

04/20/46

1,3

$

196,667‌

$

175,820‌

TIF

Funding

II

LLC,

Series

2021-1A,

Class

A

1.65%

02/20/46

3

411,616‌

350,941‌

Trestles

CLO

V

Ltd.,

Series

2021-5A,

Class

A1

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

1.43%)

6.85%

10/20/34

1,2,3

90,000‌

89,780‌

Tricon

American

Homes,

Series

2020-SFR1,

Class

D

2.55%

07/17/38

3

133,000‌

121,737‌

Total

Asset-Backed

Securities

(Cost

$10,036,735)

9,750,633‌

CORPORATES

—

23

.11

%

*

Banking

—

4

.43

%

Bank

of

America

Corp.

2.30%

07/21/32

6

15,000‌

12,261‌

3.42%

12/20/28

6

35,000‌

32,965‌

Bank

of

America

Corp.

(MTN)

1.90%

07/23/31

6

10,000‌

8,187‌

1.92%

10/24/31

6

415,000‌

337,543‌

2.88%

10/22/30

6

50,000‌

44,369‌

3.82%

01/20/28

6

110,000‌

105,758‌

Bank

of

America

Corp.,

Series

N

1.66%

03/11/27

6

80,000‌

74,119‌

Bank

of

America

Corp.,

Series

RR

4.38%

6,7

15,000‌

13,438‌

Comerica,

Inc.

5.63%

6,7

45,000‌

42,495‌

HSBC

Holdings

PLC

(United

Kingdom)

0.98%

05/24/25

1,6

10,000‌

9,804‌

1.59%

05/24/27

1,6

25,000‌

22,941‌

2.01%

09/22/28

1,6

115,000‌

102,446‌

2.36%

08/18/31

1,6

50,000‌

41,545‌

2.80%

05/24/32

1,6

20,000‌

16,715‌

6.33%

03/09/44

1,6

75,000‌

81,189‌

JPMorgan

Chase

&

Co.

1.58%

04/22/27

6

55,000‌

50,778‌

2.07%

06/01/29

6

25,000‌

22,189‌

2.58%

04/22/32

6

365,000‌

309,118‌

Lloyds

Banking

Group

PLC

(United

Kingdom)

4.98%

08/11/33

1,6

55,000‌

53,579‌

NatWest

Group

PLC

(United

Kingdom)

4.27%

03/22/25

1,6

40,000‌

39,860‌

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Banking

(continued)

PNC

Financial

Services

Group,

Inc.

(The)

5.07%

01/24/34

6

$

40,000‌

$

39,172‌

6.04%

10/28/33

6

35,000‌

36,624‌

6.88%

10/20/34

6

170,000‌

188,960‌

Santander

UK

Group

Holdings

PLC

(United

Kingdom)

1.09%

03/15/25

1,6

100,000‌

98,887‌

1.67%

06/14/27

1,6

50,000‌

45,532‌

U.S.

Bancorp

3.70%

6,7

15,000‌

11,849‌

4.84%

02/01/34

6

150,000‌

144,024‌

5.84%

06/12/34

6

40,000‌

41,327‌

5.85%

10/21/33

6

35,000‌

36,158‌

UBS

Group

AG

(Switzerland)

1.31%

02/02/27

1,3,6

30,000‌

27,487‌

2.59%

09/11/25

1,3,6

25,000‌

24,463‌

3.09%

05/14/32

1,3,6

15,000‌

12,793‌

4.19%

04/01/31

1,3,6

655,000‌

610,454‌

6.54%

08/12/33

1,3,6

55,000‌

58,644‌

UBS

Group

AG

(EMTN)

(Switzerland)

0.63%

01/18/33

1

100,000‌

83,476‌

Wells

Fargo

&

Co.

(MTN)

2.39%

06/02/28

6

75,000‌

68,727‌

3.35%

03/02/33

6

415,000‌

363,140‌

4.90%

07/25/33

6

55,000‌

53,611‌

5.57%

07/25/29

6

40,000‌

40,925‌

3,407,552‌

Communications

—

2

.06

%

Cable

One,

Inc.

4.00%

11/15/30

3

115,000‌

94,300‌

CCO

Holdings,

LLC/CCO

Holdings

Capital

Corp.

4.50%

06/01/33

3

75,000‌

63,844‌

Charter

Communications

Operating

LLC/Charter

Communications

Operating

Capital

4.80%

03/01/50

50,000‌

38,768‌

Charter

Communications

Operating,

LLC/Charter

Communications

Operating

Capital

5.25%

04/01/53

120,000‌

100,662‌

Cogent

Communications

Group,

Inc.

7.00%

06/15/27

3

38,000‌

38,466‌

CommScope,

Inc.

4.75%

09/01/29

3

95,000‌

64,837‌

CSC

Holdings

LLC

5.75%

01/15/30

3

15,000‌

9,353‌

6.50%

02/01/29

3

117,000‌

103,357‌

7.50%

04/01/28

3

48,000‌

35,954‌

DIRECTV

Financing

LLC/DIRECTV

Financing

Co.

Obligor,

Inc.

5.88%

08/15/27

3

30,000‌

28,189‌

Frontier

Communications

Holdings

LLC

6.75%

05/01/29

3

40,000‌

35,810‌

Strategic

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2023

(Unaudited)

December

2023

/

4

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Communications

(continued)

8.63%

03/15/31

3

$

111,000‌

$

113,272‌

Intelsat

Jackson

Holdings

SA

(Luxembourg)

6.50%

03/15/30

1,3

28,000‌

26,839‌

Northwest

Fiber

LLC/Northwest

Fiber

Finance

Sub,

Inc.

4.75%

04/30/27

3

30,000‌

28,800‌

Qwest

Corp.

7.25%

09/15/25

70,000‌

68,513‌

Scripps

Escrow,

Inc.

5.88%

07/15/27

3

66,000‌

58,760‌

SES

GLOBAL

Americas

Holdings,

Inc.

5.30%

03/25/44

3

200,000‌

156,478‌

Sirius

XM

Radio,

Inc.

3.88%

09/01/31

3

55,000‌

47,120‌

Sprint

Spectrum

Co.

LLC/Sprint

Spectrum

Co.

II

LLC/Sprint

Spectrum

Co.

III

LLC

4.74%

03/20/25

3

56,250‌

55,792‌

Tencent

Holdings

Ltd.

(Cayman

Islands)

3.98%

04/11/29

1,3

25,000‌

23,766‌

Time

Warner

Cable

LLC

5.50%

09/01/41

154,000‌

133,428‌

5.88%

11/15/40

10,000‌

9,121‌

T-Mobile

USA,

Inc.

2.25%

02/15/26

66,000‌

62,586‌

2.63%

04/15/26

38,000‌

36,177‌

VZ

Secured

Financing

BV

(Netherlands)

5.00%

01/15/32

1,3

175,000‌

150,218‌

1,584,410‌

Consumer

Discretionary

—

1

.54

%

BAT

Capital

Corp.

2.73%

03/25/31

25,000‌

20,993‌

4.39%

08/15/37

20,000‌

16,775‌

4.54%

08/15/47

175,000‌

134,652‌

5.65%

03/16/52

125,000‌

113,666‌

Central

Garden

&

Pet

Co.

4.13%

10/15/30

40,000‌

36,446‌

Edgewell

Personal

Care

Co.

5.50%

06/01/28

3

32,000‌

31,560‌

Everi

Holdings,

Inc.

5.00%

07/15/29

3

73,000‌

66,795‌

Imperial

Brands

Finance

PLC

(United

Kingdom)

3.13%

07/26/24

1,3

25,000‌

24,633‌

6.13%

07/27/27

1,3

70,000‌

71,910‌

JDE

Peet's

NV

(Netherlands)

2.25%

09/24/31

1,3

200,000‌

160,505‌

Spectrum

Brands,

Inc.

3.88%

03/15/31

3

25,000‌

22,723‌

5.50%

07/15/30

3

10,000‌

9,825‌

Triton

Water

Holdings,

Inc.

6.25%

04/01/29

3

134,000‌

117,417‌

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Consumer

Discretionary

(continued)

WarnerMedia

Holdings,

Inc.

4.28%

03/15/32

$

40,000‌

$

36,609‌

5.05%

03/15/42

70,000‌

61,796‌

5.14%

03/15/52

300,000‌

258,424‌

1,184,729‌

Consumer

Products

—

0

.12

%

Newell

Brands,

Inc.

6.50%

04/01/46

112,000‌

93,273‌

Diversified

REITs

—

0

.91

%

American

Assets

Trust

LP

3.38%

02/01/31

30,000‌

24,513‌

American

Tower

Corp.

1.00%

01/15/32

100,000‌

90,652‌

Digital

Intrepid

Holding

BV

(Netherlands)

0.63%

07/15/31

1

100,000‌

87,054‌

GLP

Capital

LP/GLP

Financing

II,

Inc.

3.25%

01/15/32

79,000‌

67,150‌

4.00%

01/15/30

10,000‌

9,145‌

4.00%

01/15/31

50,000‌

45,079‌

5.38%

04/15/26

65,000‌

64,639‌

5.75%

06/01/28

25,000‌

25,244‌

LXP

Industrial

Trust

2.38%

10/01/31

55,000‌

44,451‌

2.70%

09/15/30

35,000‌

29,045‌

VICI

Properties

LP

4.95%

02/15/30

10,000‌

9,723‌

5.13%

05/15/32

171,000‌

166,930‌

VICI

Properties

LP/VICI

Note

Co.,

Inc.

3.88%

02/15/29

3

5,000‌

4,597‌

4.13%

08/15/30

3

12,000‌

10,969‌

4.50%

09/01/26

3

5,000‌

4,897‌

4.50%

01/15/28

3

9,000‌

8,592‌

4.63%

06/15/25

3

5,000‌

4,915‌

697,595‌

Electric

—

1

.52

%

Alliant

Energy

Finance,

LLC

3.60%

03/01/32

3

55,000‌

48,544‌

American

Electric

Power

Co.,

Inc.

5.63%

03/01/33

60,000‌

62,589‌

Arizona

Public

Service

Co.

6.35%

12/15/32

245,000‌

266,588‌

Commonwealth

Edison

Co.

5.30%

02/01/53

130,000‌

132,739‌

Duke

Energy

Carolinas

LLC

5.35%

01/15/53

30,000‌

30,861‌

Duke

Energy

Corp.

3.85%

06/15/34

100,000‌

109,533‌

Entergy

Texas,

Inc.

3.45%

12/01/27

150,000‌

140,613‌

FirstEnergy

Transmission

LLC

2.87%

09/15/28

3

39,000‌

35,399‌

Jersey

Central

Power

&

Light

Co.

4.70%

04/01/24

3

55,000‌

54,811‌

Strategic

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2023

(Unaudited)

5

/

December

2023

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Electric

(continued)

Metropolitan

Edison

Co.

4.00%

04/15/25

3

$

75,000‌

$

73,045‌

Pike

Corp.

8.63%

01/31/31

3

35,000‌

36,842‌

TenneT

Holding

BV

(EMTN)

(Netherlands)

2.75%

05/17/42

1

105,000‌

108,447‌

Tucson

Electric

Power

Co.

5.50%

04/15/53

65,000‌

66,628‌

1,166,639‌

Energy

—

0

.88

%

Energy

Transfer

LP

5.00%

05/15/50

65,000‌

58,227‌

5.40%

10/01/47

49,000‌

45,841‌

5.50%

06/01/27

3,000‌

3,039‌

Global

Partners

LP/GLP

Finance

Corp.

6.88%

01/15/29

41,000‌

39,749‌

KeySpan

Gas

East

Corp.

5.99%

03/06/33

3

65,000‌

66,375‌

Kinder

Morgan

Energy

Partners

LP

5.00%

08/15/42

45,000‌

40,598‌

Petroleos

Mexicanos

(Mexico)

6.35%

02/12/48

1

5,000‌

3,195‌

Rockies

Express

Pipeline

LLC

4.80%

05/15/30

3

100,000‌

92,000‌

Southern

Co.

Gas

Capital

Corp.

3.88%

11/15/25

70,000‌

68,296‌

Sunoco

LP/Sunoco

Finance

Corp.

4.50%

05/15/29

56,000‌

52,034‌

4.50%

04/30/30

9,000‌

8,342‌

TransCanada

PipeLines

Ltd.

(Canada)

4.63%

03/01/34

1

5,000‌

4,739‌

TransMontaigne

Partners

LP/TLP

Finance

Corp.

6.13%

02/15/26

73,000‌

66,704‌

Venture

Global

Calcasieu

Pass

LLC

3.88%

08/15/29

3

60,000‌

54,205‌

Venture

Global

LNG,

Inc.

9.50%

02/01/29

3

35,000‌

37,049‌

9.88%

02/01/32

3

35,000‌

36,471‌

676,864‌

Finance

—

2

.55

%

AerCap

Ireland

Capital

DAC/AerCap

Global

Aviation

Trust

(Ireland)

2.45%

10/29/26

1

75,000‌

69,495‌

3.30%

01/30/32

1

125,000‌

108,942‌

Air

Lease

Corp.

(MTN)

2.30%

02/01/25

75,000‌

72,414‌

American

Express

Co.,

Series

D

3.55%

6,7

15,000‌

12,938‌

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Finance

(continued)

Avolon

Holdings

Funding

Ltd.

(Cayman

Islands)

2.53%

11/18/27

1,3

$

185,000‌

$

164,070‌

3.25%

02/15/27

1,3

15,000‌

13,899‌

Capital

One

Financial

Corp.

3.27%

03/01/30

6

40,000‌

35,747‌

Charles

Schwab

Corp.

(The)

Series

K

5.00%

6,7

15,000‌

13,579‌

Citigroup,

Inc.

2.52%

11/03/32

6

185,000‌

152,409‌

2.57%

06/03/31

6

160,000‌

136,757‌

2.98%

11/05/30

6

20,000‌

17,846‌

3.52%

10/27/28

6

5,000‌

4,732‌

GGAM

Finance

Ltd.

(Cayman

Islands)

8.00%

02/15/27

1,3

35,000‌

35,920‌

8.00%

06/15/28

1,3

68,000‌

70,040‌

Goldman

Sachs

Group,

Inc.

(The)

1.54%

09/10/27

6

235,000‌

213,352‌

1.95%

10/21/27

6

10,000‌

9,157‌

2.38%

07/21/32

6

120,000‌

98,732‌

(SOFR

Rate

plus

0.49%)

5.86%

10/21/24

2

30,000‌

29,967‌

Icahn

Enterprises

LP/Icahn

Enterprises

Finance

Corp.

4.38%

02/01/29

27,000‌

22,680‌

5.25%

05/15/27

72,000‌

65,250‌

9.75%

01/15/29

3

20,000‌

20,441‌

Jane

Street

Group/JSG

Finance,

Inc.

4.50%

11/15/29

3

74,000‌

69,153‌

JPMorgan

Chase

&

Co.

1.04%

02/04/27

6

175,000‌

160,892‌

Morgan

Stanley

0.79%

05/30/25

6

120,000‌

117,345‌

2.48%

09/16/36

6

110,000‌

87,383‌

Morgan

Stanley

(MTN)

1.93%

04/28/32

6

135,000‌

108,352‌

Nationwide

Building

Society

(United

Kingdom)

2.97%

02/16/28

1,3,6

50,000‌

46,520‌

1,958,012‌

Food

—

0

.84

%

B&G

Foods,

Inc.

5.25%

04/01/25

11,000‌

10,890‌

H-Food

Holdings

LLC/Hearthside

Finance

Co.,

Inc.

8.50%

06/01/26

3

66,000‌

6,600‌

JBS

USA

LUX

SA/JBS

USA

Food

Co./JBS

Luxembourg

Sarl

(Canada)

6.75%

03/15/34

1,3

135,000‌

142,169‌

JBS

USA

LUX

SA/JBS

USA

Food

Co./JBS

USA

Finance,

Inc.

(Canada)

3.75%

12/01/31

1

52,000‌

44,811‌

5.50%

01/15/30

1

25,000‌

24,593‌

Strategic

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2023

(Unaudited)

December

2023

/

6

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Food

(continued)

6.50%

12/01/52

1

$

10,000‌

$

10,054‌

Pilgrim's

Pride

Corp.

3.50%

03/01/32

36,000‌

30,525‌

4.25%

04/15/31

25,000‌

22,605‌

6.25%

07/01/33

135,000‌

139,089‌

Post

Holdings,

Inc.

5.75%

03/01/27

3

98,000‌

97,755‌

Simmons

Foods,

Inc./Simmons

Prepared

Foods,

Inc./

Simmons

Pet

Food,

Inc./Simmons

Feed

4.63%

03/01/29

3

95,000‌

82,467‌

Smithfield

Foods,

Inc.

2.63%

09/13/31

3

45,000‌

35,007‌

646,565‌

Gaming

—

0

.13

%

Penn

Entertainment,

Inc.

4.13%

07/01/29

3

79,000‌

68,039‌

5.63%

01/15/27

3

36,000‌

34,933‌

102,972‌

Health

Care

—

2

.06

%

1375209

BC

Ltd.

(Canada)

9.00%

01/30/28

1,3

69,000‌

67,334‌

AbbVie,

Inc.

3.60%

05/14/25

50,000‌

49,140‌

Amgen,

Inc.

4.20%

02/22/52

25,000‌

21,216‌

Bayer

U.S.

Finance

II

LLC

2.85%

04/15/25

3

20,000‌

19,290‌

4.38%

12/15/28

3

70,000‌

66,585‌

4.63%

06/25/38

3

156,000‌

134,175‌

4.88%

06/25/48

3

50,000‌

42,224‌

Cano

Health

LLC

6.25%

10/01/28

3

26,000‌

1,996‌

Catalent

Pharma

Solutions,

Inc.

3.13%

02/15/29

3

115,000‌

100,769‌

Centene

Corp.

3.00%

10/15/30

134,000‌

116,219‌

4.25%

12/15/27

49,000‌

47,251‌

CommonSpirit

Health

2.78%

10/01/30

40,000‌

34,723‌

DENTSPLY

SIRONA,

Inc.

3.25%

06/01/30

45,000‌

39,799‌

Embecta

Corp.

5.00%

02/15/30

3

28,000‌

23,822‌

6.75%

02/15/30

3

53,000‌

46,356‌

Encompass

Health

Corp.

4.50%

02/01/28

20,000‌

19,275‌

Fortrea

Holdings,

Inc.

7.50%

07/01/30

3

35,000‌

36,150‌

Fresenius

Medical

Care

U.S.

Finance

III,

Inc.

1.88%

12/01/26

3

30,000‌

27,108‌

Grifols

SA

(Spain)

4.75%

10/15/28

1,3

94,000‌

85,681‌

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Health

Care

(continued)

HCA,

Inc.

5.25%

04/15/25

$

12,000‌

$

11,994‌

5.25%

06/15/49

80,000‌

74,469‌

5.50%

06/15/47

15,000‌

14,498‌

5.63%

09/01/28

14,000‌

14,334‌

Kedrion

SpA

(Italy)

6.50%

09/01/29

1,3

90,000‌

82,350‌

ModivCare

Escrow

Issuer,

Inc.

5.00%

10/01/29

3

90,000‌

73,719‌

Option

Care

Health,

Inc.

4.38%

10/31/29

3

72,000‌

65,721‌

Prestige

Brands,

Inc.

3.75%

04/01/31

3

116,000‌

101,531‌

Prime

Healthcare

Services,

Inc.

7.25%

11/01/25

3

90,000‌

88,131‌

Tenet

Healthcare

Corp.

4.88%

01/01/26

65,000‌

64,331‌

Universal

Health

Services,

Inc.

1.65%

09/01/26

15,000‌

13,664‌

1,583,855‌

Health

Care

REITs

—

0

.16

%

Healthcare

Reality

Holdings

LP

2.00%

03/15/31

25,000‌

20,026‌

3.10%

02/15/30

30,000‌

26,308‌

Healthcare

Realty

Holdings

LP

2.05%

03/15/31

10,000‌

7,814‌

3.63%

01/15/28

70,000‌

64,617‌

118,765‌

Industrial

REITs

—

0

.01

%

Rexford

Industrial

Realty

LP

2.15%

09/01/31

5,000‌

4,019‌

Industrials

—

1

.30

%

Advanced

Drainage

Systems,

Inc.

6.38%

06/15/30

3

14,000‌

14,114‌

Ardagh

Packaging

Finance

PLC/Ardagh

Holdings

USA,

Inc.

(Canada)

5.25%

08/15/27

1,3

90,000‌

70,036‌

Artera

Services

LLC

9.03%

12/04/25

3

38,000‌

36,077‌

Ball

Corp.

6.88%

03/15/28

91,000‌

94,878‌

Berry

Global,

Inc.

1.65%

01/15/27

5,000‌

4,505‌

4.88%

07/15/26

3

50,000‌

49,167‌

5.50%

04/15/28

3

115,000‌

116,613‌

Boeing

Co.

(The)

1.43%

02/04/24

60,000‌

59,776‌

4.88%

05/01/25

10,000‌

9,959‌

Energizer

Holdings,

Inc.

4.38%

03/31/29

3

46,000‌

41,439‌

Strategic

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2023

(Unaudited)

7

/

December

2023

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Industrials

(continued)

General

Electric

Co.

(MTN)

(CME

Term

SOFR

3-Month

plus

0.74%)

6.12%

08/15/36

2

$

325,000‌

$

296,831‌

OT

Merger

Corp.

7.88%

10/15/29

3

123,000‌

74,589‌

TransDigm,

Inc.

6.75%

08/15/28

3

97,000‌

99,635‌

Trivium

Packaging

Finance

BV

(Netherlands)

5.50%

08/15/26

1,3

30,000‌

29,465‌

997,084‌

Information

Technology

—

0

.76

%

Fiserv,

Inc.

5.60%

03/02/33

115,000‌

120,381‌

5.63%

08/21/33

15,000‌

15,721‌

Gen

Digital,

Inc.

6.75%

09/30/27

3

65,000‌

66,204‌

NCR

Voyix

Corp.

5.13%

04/15/29

3

42,000‌

40,019‌

Netflix,

Inc.

5.88%

02/15/25

50,000‌

50,411‌

Open

Text

Corp.

(Canada)

6.90%

12/01/27

1,3

18,000‌

18,675‌

Oracle

Corp.

3.80%

11/15/37

10,000‌

8,519‌

3.95%

03/25/51

193,000‌

151,878‌

6.50%

04/15/38

70,000‌

77,356‌

RingCentral,

Inc.

8.50%

08/15/30

3

35,000‌

35,825‌

584,989‌

Insurance

—

1

.07

%

Acrisure

LLC/Acrisure

Finance,

Inc.

6.00%

08/01/29

3

77,000‌

70,455‌

Alliant

Holdings

Intermediate

LLC/Alliant

Holdings

Co.-Issuer

6.75%

10/15/27

3

66,000‌

65,917‌

Aon

Corp./Aon

Global

Holdings

PLC

3.90%

02/28/52

55,000‌

43,786‌

Athene

Global

Funding

1.61%

06/29/26

3

30,000‌

27,198‌

1.99%

08/19/28

3

100,000‌

86,476‌

3.21%

03/08/27

3

25,000‌

22,970‌

(SOFR

Index

plus

0.70%)

6.10%

05/24/24

2,3

30,000‌

29,981‌

Brown

&

Brown,

Inc.

4.95%

03/17/52

40,000‌

35,466‌

Farmers

Exchange

Capital

II

6.15%

11/01/53

3,6

50,000‌

47,255‌

Farmers

Insurance

Exchange

4.75%

11/01/57

3,6

25,000‌

19,283‌

HUB

International

Ltd.

7.00%

05/01/26

3

15,000‌

15,075‌

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Insurance

(continued)

Metropolitan

Life

Global

Funding

I

4.30%

08/25/29

3

$

150,000‌

$

146,046‌

Nationwide

Mutual

Insurance

Co.

7.94%

12/15/24

3,6

75,000‌

74,937‌

Teachers

Insurance

&

Annuity

Association

of

America

4.27%

05/15/47

3

65,000‌

56,502‌

Willis

North

America,

Inc.

5.35%

05/15/33

80,000‌

80,930‌

822,277‌

Materials

—

0

.71

%

ASP

Unifrax

Holdings,

Inc.

5.25%

09/30/28

3

30,000‌

21,937‌

ATI,

Inc.

7.25%

08/15/30

35,000‌

36,575‌

Axalta

Coating

Systems,

LLC

3.38%

02/15/29

3

76,000‌

68,529‌

Clearwater

Paper

Corp.

4.75%

08/15/28

3

112,000‌

104,433‌

International

Flavors

&

Fragrances,

Inc.

2.30%

11/01/30

3

201,000‌

166,368‌

3.27%

11/15/40

3

5,000‌

3,587‌

3.47%

12/01/50

3

15,000‌

10,269‌

4.38%

06/01/47

20,000‌

15,452‌

5.00%

09/26/48

15,000‌

12,778‌

SK

Invictus

Intermediate

II

SARL

(Luxembourg)

5.00%

10/30/29

1,3

45,000‌

39,087‌

Valvoline,

Inc.

3.63%

06/15/31

3

80,000‌

68,419‌

547,434‌

Office

REITs

—

0

.16

%

Hudson

Pacific

Properties

LP

3.25%

01/15/30

105,000‌

78,954‌

3.95%

11/01/27

25,000‌

20,957‌

4.65%

04/01/29

30,000‌

24,373‌

124,284‌

Residential

REITs

—

0

.32

%

American

Homes

4

Rent

LP

3.38%

07/15/51

40,000‌

27,580‌

4.30%

04/15/52

50,000‌

40,693‌

Invitation

Homes

Operating

Partnership

LP

2.00%

08/15/31

170,000‌

135,501‌

5.50%

08/15/33

40,000‌

40,095‌

243,869‌

Retail

—

0

.38

%

Ferrellgas

LP/Ferrellgas

Finance

Corp.

5.88%

04/01/29

3

80,000‌

75,768‌

Fertitta

Entertainment,

LLC/Fertitta

Entertainment

Finance

Co.,

Inc.

6.75%

01/15/30

3

91,000‌

80,401‌

LCM

Investments

Holdings

II

LLC

8.25%

08/01/31

3

35,000‌

36,490‌

Strategic

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2023

(Unaudited)

December

2023

/

8

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Retail

(continued)

Michaels

Cos.,

Inc.

(The)

7.88%

05/01/29

3

$

93,000‌

$

58,651‌

Raising

Cane's

Restaurants

LLC

9.38%

05/01/29

3

35,000‌

37,370‌

288,680‌

Services

—

0

.60

%

Adtalem

Global

Education,

Inc.

5.50%

03/01/28

3

76,000‌

73,767‌

HealthEquity,

Inc.

4.50%

10/01/29

3

75,000‌

69,500‌

Hertz

Corp.

(The)

4.63%

12/01/26

3

3,000‌

2,713‌

5.00%

12/01/29

3

89,000‌

73,255‌

Upbound

Group,

Inc.

6.38%

02/15/29

3

74,000‌

69,765‌

VT

Topco,

Inc.

8.50%

08/15/30

3

70,000‌

72,932‌

WASH

Multifamily

Acquisition,

Inc.

5.75%

04/15/26

3

60,000‌

58,329‌

Waste

Pro

USA,

Inc.

5.50%

02/15/26

3

42,000‌

40,472‌

460,733‌

Specialized

REITs

—

0

.33

%

Blackstone

Property

Partners

Europe

Holdings

SARL

(EMTN)

(Luxembourg)

1.63%

04/20/30

1

100,000‌

88,621‌

Extra

Space

Storage

LP

2.35%

03/15/32

95,000‌

77,506‌

2.40%

10/15/31

50,000‌

41,263‌

2.55%

06/01/31

15,000‌

12,486‌

Greystar

Real

Estate

Partners

LLC

7.75%

09/01/30

3

35,000‌

36,750‌

256,626‌

Transportation

—

0

.27

%

JetBlue

Airways

Pass-Through

Trust,

Series

2020-1,

Class

A

4.00%

11/15/32

80,369‌

73,501‌

United

Airlines

Pass-Through

Trust,

Series

2023-1,

Class

A

5.80%

01/15/36

135,000‌

137,147‌

210,648‌

Total

Corporates

(Cost

$17,835,231)

17,761,874‌

MORTGAGE-BACKED

—

46

.61

%

**

Non-Agency

Commercial

Mortgage-Backed

—

3

.38

%

Banc

of

America

Commercial

Mortgage

Trust,

Series

2015-UBS7,

Class

XE

(IO)

1.25%

09/15/48

3,6

1,500,000‌

24,428‌

Banc

of

America

Merrill

Lynch

Commercial

Mortgage

Trust,

Series

2019-BPR,

Class

AMP

3.29%

11/05/32

3

100,000‌

91,625‌

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

Non-Agency

Commercial

Mortgage-Backed

(continued)

BX

Commercial

Mortgage

Trust,

Series

2021-VOLT,

Class

F

(CME

Term

SOFR

1-Month

plus

2.51%)

7.88%

09/15/36

2,3

$

100,000‌

$

94,604‌

BXHPP

Trust,

Series

2021-FILM,

Class

C

(CME

Term

SOFR

1-Month

plus

1.21%)

6.58%

08/15/36

2,3

120,000‌

107,904‌

BXHPP

Trust,

Series

2021-FILM,

Class

D

(CME

Term

SOFR

1-Month

plus

1.61%)

6.98%

08/15/36

2,3

100,000‌

87,080‌

Citigroup

Commercial

Mortgage

Trust,

Series

2014-GC25,

Class

XA

(IO)

0.94%

10/10/47

6

3,871,665‌

20,443‌

Citigroup

Commercial

Mortgage

Trust,

Series

2016-P4,

Class

XA

(IO)

1.89%

07/10/49

6

1,933,225‌

66,759‌

Citigroup

Commercial

Mortgage

Trust,

Series

2020-555,

Class

G

3.50%

12/10/41

3,6

200,000‌

133,887‌

COBALT

CMBS

Commercial

Mortgage

Trust,

Series

2007-C2,

Class

X

(IO)

0.44%

04/15/47

3,6

1,083,713‌

4,850‌

Commercial

Mortgage

Trust,

Series

2012-CR3,

Class

XA

(IO)

0.88%

10/15/45

6

137,567‌

638‌

Commercial

Mortgage

Trust,

Series

2013-CR12,

Class

XA

(IO)

0.72%

10/10/46

6

386,673‌

20‌

Commercial

Mortgage

Trust,

Series

2020-CBM,

Class

XCP

(IO)

0.60%

02/10/37

3,6

1,667,987‌

7,903‌

Credit

Suisse

Mortgage

Capital

Trust,

Series

2014-USA,

Class

X1

(IO)

0.54%

09/15/37

3,6

9,783,817‌

59,997‌

CSAIL

Commercial

Mortgage

Trust,

Series

2015-C1,

Class

XA

(IO)

0.80%

04/15/50

6

1,611,296‌

7,035‌

CSMC,

Series

2018-SITE,

Class

B

4.53%

04/15/36

3

100,000‌

98,551‌

DROP

Mortgage

Trust,

Series

2021-FILE,

Class

D

(CME

Term

SOFR

1-Month

plus

2.86%)

8.23%

10/15/43

2,3

150,000‌

108,283‌

European

Loan

Conduit

No.

36

DAC,

Series

36A,

Class

E

(Ireland)

(3-Month

Euribor

plus

3.35%)

7.34%

02/17/30

1,2,3

95,559‌

101,541‌

FREMF

Mortgage

Trust,

Series

2017-K66,

Class

X2A

(IO)

0.10%

06/25/27

3

42,462,609‌

109,231‌

Strategic

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2023

(Unaudited)

9

/

December

2023

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

Non-Agency

Commercial

Mortgage-Backed

(continued)

FREMF

Mortgage

Trust,

Series

2017-K726,

Class

X2B

(IO)

0.10%

07/25/49

3

$

25,000,000‌

$

6,377‌

Frost

CMBS

DAC,

Series

2021-1X,

Class

EUA

(Ireland)

(3-Month

Euribor

plus

1.15%)

5.15%

11/20/33

1,2

98,628‌

103,962‌

GS

Mortgage

Securities

Corp.

Trust,

Series

2020-UPTN,

Class

XA

(IO)

0.35%

02/10/37

3,6

940,000‌

2,669‌

GS

Mortgage

Securities

Trust,

Series

2014-GC24,

Class

XA

(IO)

0.68%

09/10/47

6

2,471,817‌

5,390‌

GS

Mortgage

Securities

Trust,

Series

2015-GC32,

Class

XA

(IO)

0.68%

07/10/48

6

4,396,530‌

35,909‌

Impact

Funding

Affordable

Multifamily

Housing

Mortgage

Loan

Trust,

Series

2010-1,

Class

A1

5.31%

01/25/51

3

33,803‌

33,194‌

JPMBB

Commercial

Mortgage

Securities

Trust,

Series

2014-C22,

Class

XA

(IO)

0.78%

09/15/47

6

6,549,401‌

12,804‌

JPMBB

Commercial

Mortgage

Securities

Trust,

Series

2014-C25,

Class

XA

(IO)

0.80%

11/15/47

6

4,371,502‌

15,928‌

JPMBB

Commercial

Mortgage

Securities

Trust,

Series

2014-C26,

Class

XA

(IO)

0.92%

01/15/48

6

2,373,959‌

10,404‌

JPMDB

Commercial

Mortgage

Securities

Trust,

Series

2018-C8,

Class

XEF

(IO)

1.76%

06/15/51

3,6

1,157,000‌

73,698‌

JPMorgan

Chase

Commercial

Mortgage

Securities

Trust,

Series

2019-ICON,

Class

C

4.54%

01/05/34

3

72,000‌

68,742‌

Ladder

Capital

Commercial

Mortgage

Trust,

Series

2013-GCP,

Class

XA

(IO)

1.15%

02/15/36

3,6

1,391,199‌

52,918‌

Med

Trust,

Series

2021-MDLN,

Class

G

(CME

Term

SOFR

1-Month

plus

5.36%)

10.73%

11/15/38

2,3

99,522‌

95,136‌

MKT

Mortgage

Trust,

Series

2020-525M,

Class

D

2.94%

02/12/40

3,6

286,000‌

141,356‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust,

Series

2013-C9,

Class

XB

(IO)

0.10%

05/15/46

3,6

9,022,624‌

4,944‌

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust,

Series

2014-C19,

Class

XA

(IO)

0.95%

12/15/47

6

2,587,070‌

9,340‌

Natixis

Commercial

Mortgage

Securities

Trust,

Series

2018-ALXA,

Class

E

4.32%

01/15/43

3,6

180,000‌

93,805‌

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

Non-Agency

Commercial

Mortgage-Backed

(continued)

SFAVE

Commercial

Mortgage

Securities

Trust,

Series

2015-5AVE,

Class

A1

3.87%

01/05/43

3,6

$

220,000‌

$

157,127‌

SFAVE

Commercial

Mortgage

Securities

Trust,

Series

2015-5AVE,

Class

D

4.39%

01/05/43

3,6

200,000‌

94,169‌

SMRT,

Series

2022-MINI,

Class

E

(CME

Term

SOFR

1-Month

plus

2.70%)

8.06%

01/15/39

2,3

100,000‌

94,276‌

VASA

Trust,

Series

2021-VASA,

Class

B

(CME

Term

SOFR

1-Month

plus

1.36%)

6.73%

07/15/39

2,3

300,000‌

239,837‌

Wells

Fargo

Commercial

Mortgage

Trust,

Series

2015-NXS2,

Class

XA

(IO)

0.59%

07/15/58

6

3,024,792‌

19,446‌

Wells

Fargo

Commercial

Mortgage

Trust,

Series

2016-NXS6,

Class

XA

(IO)

1.59%

11/15/49

6

3,247,290‌

95,179‌

WF-RBS

Commercial

Mortgage

Trust,

Series

2013-C14,

Class

XA

(IO)

0.35%

06/15/46

6

88,657‌

167‌

WF-RBS

Commercial

Mortgage

Trust,

Series

2014-C21,

Class

XA

(IO)

0.98%

08/15/47

6

2,985,009‌

6,683‌

2,598,239‌

Non-Agency

Mortgage-Backed

—

27

.44

%

ACE

Securities

Corp.

Home

Equity

Loan

Trust,

Series

2007-ASP1,

Class

A2D

(CME

Term

SOFR

1-Month

plus

0.87%)

6.23%

03/25/37

2

368,351‌

148,471‌

ACE

Securities

Corp.

Home

Equity

Loan

Trust,

Series

2007-HE1,

Class

A1

(CME

Term

SOFR

1-Month

plus

0.41%)

5.77%

01/25/37

2

575,956‌

299,561‌

Ajax

Mortgage

Loan

Trust,

Series

2021-C,

Class

A

(STEP-reset

date

01/25/24)

2.12%

01/25/61

3

275,238‌

267,210‌

Alternative

Loan

Trust,

Series

2005-10CB,

Class

1A8

5.50%

05/25/35

312,299‌

259,673‌

Alternative

Loan

Trust,

Series

2005-59,

Class

1A1

(CME

Term

SOFR

1-Month

plus

0.77%)

6.13%

11/20/35

2

320,376‌

293,711‌

Alternative

Loan

Trust,

Series

2007-15CB,

Class

A7

6.00%

07/25/37

464,744‌

277,509‌

American

Home

Mortgage

Assets

Trust,

Series

2007-1,

Class

A1

(Federal

Reserve

US

12-Month

Cumulative

Average

plus

0.70%)

5.71%

02/25/47

2

707,673‌

276,153‌

Strategic

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2023

(Unaudited)

December

2023

/

10

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

Non-Agency

Mortgage-Backed

(continued)

APS

Resecuritization

Trust,

Series

2016-3,

Class

3MZ

2.22%

09/27/46

3,6

$

390,249‌

$

192,739‌

Banc

of

America

Funding

Trust,

Series

2006-7,

Class

T2A3

5.69%

10/25/36

6

221,310‌

189,766‌

Banc

of

America

Funding

Trust,

Series

2014-R5,

Class

1A2

(TSFR6M

plus

1.93%)

3.88%

09/26/45

2,3

250,555‌

183,294‌

Banc

of

America

Funding

Trust,

Series

2015-R3,

Class

1A2

3.79%

03/27/36

3,6

382,326‌

300,556‌

BRAVO

Residential

Funding

Trust,

Series

2021-A,

Class

A1

(STEP-reset

date

01/25/24)

1.99%

10/25/59

3

269,847‌

264,969‌

Carrington

Mortgage

Loan

Trust,

Series

2006-NC4,

Class

A4

(CME

Term

SOFR

1-Month

plus

0.35%)

5.71%

10/25/36

2

175,000‌

156,829‌

Carrington

Mortgage

Loan

Trust,

Series

2007-RFC1,

Class

A3

(CME

Term

SOFR

1-Month

plus

0.25%)

5.61%

12/25/36

2

95,901‌

92,771‌

CIM

Trust,

Series

2020-R6,

Class

A1

2.25%

12/25/60

3,6

312,753‌

260,873‌

CIM

Trust,

Series

2021-NR1,

Class

A1

(STEP-reset

date

02/25/24)

2.57%

07/25/55

3

170,688‌

168,506‌

CIM

Trust,

Series

2021-NR2,

Class

A1

(STEP-reset

date

02/25/24)

2.57%

07/25/59

3

97,579‌

96,248‌

CIM

Trust,

Series

2021-R1,

Class

A2

2.40%

08/25/56

3,6

353,551‌

311,327‌

CIM

Trust,

Series

2021-R3,

Class

A1A

1.95%

06/25/57

3,6

61,906‌

54,522‌

CIM

Trust,

Series

2021-R5,

Class

A1B

2.00%

08/25/61

3,6

115,000‌

74,644‌

CIM

Trust,

Series

2022-NR1,

Class

A1

(STEP-reset

date

02/25/24)

5.00%

07/25/62

3

84,954‌

82,178‌

CIM

Trust,

Series

2023-NR1,

Class

A1

(STEP-reset

date

02/25/24)

6.00%

06/25/62

3

276,610‌

269,379‌

CIM

Trust,

Series

2023-NR2,

Class

A1

(STEP-reset

date

02/25/24)

6.00%

06/25/62

3

303,420‌

293,983‌

CIM

Trust,

Series

2023-R3,

Class

A1A

4.50%

01/25/63

3,6

239,795‌

222,348‌

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

Non-Agency

Mortgage-Backed

(continued)

CIT

Mortgage

Loan

Trust,

Series

2007-1,

Class

1M2

(CME

Term

SOFR

1-Month

plus

1.86%)

7.22%

10/25/37

2,3

$

240,000‌

$

208,095‌

Citigroup

Mortgage

Loan

Trust,

Inc.,

Series

2005-WF2,

Class

AF6A

(STEP-reset

date

02/25/24)

6.13%

08/25/35

316,819‌

287,120‌

COLT

Mortgage

Loan

Trust,

Series

2021-2,

Class

A1

0.92%

08/25/66

3,6

102,080‌

82,148‌

COLT

Mortgage

Loan

Trust,

Series

2021-HX1,

Class

A1

1.11%

10/25/66

3,6

318,899‌

247,588‌

Conseco

Finance

Corp.,

Series

1999-5,

Class

A5

7.86%

03/01/30

6

70,970‌

26,147‌

Credit

Suisse

Mortgage

Capital

Trust,

Series

2015-12R,

Class

2A2

3.19%

11/30/37

3,6

91,007‌

81,383‌

Credit

Suisse

Mortgage

Capital

Trust,

Series

2021-RPL4,

Class

A1

1.80%

12/27/60

3,6

206,994‌

200,284‌

Credit-Based

Asset

Servicing

and

Securitization

LLC,

Mortgage

Loan

Trust,

Series

2007-CB2,

Class

A2C

(STEP-reset

date

02/25/24)

3.54%

02/25/37

226,939‌

129,534‌

Credit-Based

Asset

Servicing

and

Securitization

LLC,

Mortgage

Loan

Trust,

Series

2007-CB3,

Class

A3

(STEP-reset

date

02/25/24)

3.32%

03/25/37

805,246‌

300,417‌

Cross

Mortgage

Trust,

Series

2023-H1,

Class

A1

(STEP-reset

date

02/25/24)

6.62%

03/25/68

3

263,944‌

266,656‌

CSMC

Mortgage-Backed

Trust,

Series

2007-5,

Class

1A9

7.00%

08/25/37

6

426,371‌

246,231‌

CSMC

Trust,

Series

2021-RPL7,

Class

A1

1.93%

07/27/61

3,6

342,608‌

329,022‌

Deutsche

ALT-A

Securities

Mortgage

Loan

Trust,

Series

2007-AR3,

Class

2A5

(CME

Term

SOFR

1-Month

plus

0.51%)

5.87%

06/25/37

2

293,001‌

247,297‌

Ellington

Financial

Mortgage

Trust,

Series

2021-3,

Class

A1

1.24%

09/25/66

3,6

82,782‌

65,991‌

Fannie

Mae

Connecticut

Avenue

Securities,

Series

2019-R04,

Class

2B1

(SOFR30A

plus

5.36%)

10.70%

06/25/39

2,3

171,246‌

180,941‌

Fannie

Mae

Connecticut

Avenue

Securities,

Series

2019-R06,

Class

2B1

(SOFR30A

plus

3.86%)

9.20%

09/25/39

2,3

67,833‌

69,873‌

Strategic

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2023

(Unaudited)

11

/

December

2023

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

Non-Agency

Mortgage-Backed

(continued)

Fannie

Mae

Connecticut

Avenue

Securities,

Series

2021-R03,

Class

1B1

(SOFR30A

plus

2.75%)

8.09%

12/25/41

2,3

$

150,000‌

$

151,552‌

First

Franklin

Mortgage

Loan

Trust,

Series

2006-FF18,

Class

A2B

(CME

Term

SOFR

1-Month

plus

0.33%)

5.69%

12/25/37

2

268,996‌

233,812‌

First

Franklin

Mortgage

Loan

Trust,

Series

2007-FF1,

Class

A2D

(CME

Term

SOFR

1-Month

plus

0.55%)

5.91%

01/25/38

2

724,117‌

374,356‌

First

Franklin

Mortgage

Loan

Trust,

Series

2007-FF2,

Class

A2B

(CME

Term

SOFR

1-Month

plus

0.31%)

5.67%

03/25/37

2

520,935‌

251,155‌

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes,

Series

2021-HQA2,

Class

M2

(SOFR30A

plus

2.05%)

7.39%

12/25/33

2,3

120,000‌

118,558‌

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes,

Series

2022-DNA1,

Class

M1B

(SOFR30A

plus

1.85%)

7.19%

01/25/42

2,3

150,000‌

150,334‌

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes,

Series

2022-DNA1,

Class

M2

(SOFR30A

plus

2.50%)

7.84%

01/25/42

2,3

200,000‌

201,318‌

GMACM

Mortgage

Corp.

Loan

Trust,

Series

2006-AR1,

Class

1A1

3.36%

04/19/36

6

179,538‌

139,246‌

GreenPoint

Mortgage

Funding

Trust,

Series

2005-AR1,

Class

A2

(CME

Term

SOFR

1-Month

plus

0.55%)

5.91%

06/25/45

2

85,241‌

80,461‌

GSAA

Home

Equity

Trust,

Series

2006-1,

Class

A3

(CME

Term

SOFR

1-Month

plus

0.77%)

6.13%

01/25/36

2

687,418‌

292,801‌

GSAA

Home

Equity

Trust,

Series

2006-10,

Class

AF3

5.98%

06/25/36

6

575,690‌

143,293‌

GSAA

Home

Equity

Trust,

Series

2006-6,

Class

AF3

5.73%

03/25/36

6

533,650‌

155,528‌

GSAA

Home

Equity

Trust,

Series

2007-4,

Class

A2

(CME

Term

SOFR

1-Month

plus

0.51%)

5.87%

03/25/37

2

1,020,496‌

283,900‌

GSAA

Home

Equity

Trust,

Series

2007-5,

Class

1AF6

(STEP-reset

date

02/25/24)

5.91%

05/25/37

685,765‌

240,343‌

GSAA

Home

Equity

Trust,

Series

2007-5,

Class

2A1B

(CME

Term

SOFR

1-Month

plus

0.39%)

5.75%

04/25/47

2

1,739,354‌

309,932‌

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

Non-Agency

Mortgage-Backed

(continued)

GSAA

Trust,

Series

2006-7,

Class

AF3

(STEP-reset

date

02/25/24)

6.72%

03/25/46

$

687,238‌

$

268,476‌

GSAMP

Trust,

Series

2007-NC1,

Class

A2C

(CME

Term

SOFR

1-Month

plus

0.26%)

5.62%

12/25/46

2

249,180‌

120,065‌

HarborView

Mortgage

Loan

Trust,

Series

2005-3,

Class

1A

(CME

Term

SOFR

1-Month

plus

0.63%)

5.99%

06/19/35

2

296,086‌

166,053‌

HarborView

Mortgage

Loan

Trust,

Series

2006-4,

Class

1A1A

(CME

Term

SOFR

1-Month

plus

0.47%)

5.83%

05/19/46

2

589,939‌

304,910‌

HarborView

Mortgage

Loan

Trust,

Series

2006-5,

Class

1A1A

(Federal

Reserve

US

12-Month

Cumulative

Average

plus

0.91%)

5.92%

07/19/47

2

310,504‌

117,791‌

HSI

Asset

Loan

Obligation

Trust,

Series

2007-2,

Class

2A12

6.00%

09/25/37

216,400‌

166,592‌

HSI

Asset

Securitization

Corp.

Trust,

Series

2007-OPT1,

Class

1A

(CME

Term

SOFR

1-Month

plus

0.25%)

5.61%

12/25/36

2

196,204‌

165,260‌

Impac

CMB

Trust,

Series

2004-4,

Class

1A2

(CME

Term

SOFR

1-Month

plus

0.73%)

6.09%

09/25/34

2

36,311‌

36,154‌

Impac

CMB

Trust,

Series

2004-6,

Class

1A2

(CME

Term

SOFR

1-Month

plus

0.89%)

6.25%

10/25/34

2

66,062‌

65,021‌

IndyMac

Index

Mortgage

Loan

Trust,

Series

2005-AR25,

Class

2A1

3.72%

12/25/35

6

208,524‌

170,288‌

IndyMac

Index

Mortgage

Loan

Trust,

Series

2007-AR5,

Class

2A1

3.28%

05/25/37

6

201,242‌

157,675‌

IndyMac

Manufactured

Housing

Contract

Pass-Through

Certificates,

Series

1997-1,

Class

A3

6.61%

02/25/28

21,906‌

21,702‌

IndyMac

Manufactured

Housing

Contract

Pass-Through

Certificates,

Series

1997-1,

Class

A4

6.75%

02/25/28

9,222‌

9,137‌

IndyMac

Manufactured

Housing

Contract

Pass-Through

Certificates,

Series

1998-1,

Class

A4

6.49%

09/25/28

22,697‌

22,791‌

Strategic

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2023

(Unaudited)

December

2023

/

12

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

Non-Agency

Mortgage-Backed

(continued)

IndyMac

Manufactured

Housing

Contract

Pass-Through

Certificates,

Series

1998-1,

Class

A5

6.96%

09/25/28

6

$

54,707‌

$

54,350‌

JPMorgan

Mortgage

Acquisition

Trust,

Series

2007-HE1,

Class

AF6

(STEP-reset

date

02/25/24)

4.27%

03/25/47

604,385‌

404,268‌

Long

Beach

Mortgage

Loan

Trust,

Series

2006-9,

Class

2A3

(CME

Term

SOFR

1-Month

plus

0.43%)

5.79%

10/25/36

2

392,106‌

128,251‌

Luminent

Mortgage

Trust,

Series

2006-5,

Class

A1A

(CME

Term

SOFR

1-Month

plus

0.49%)

5.85%

07/25/36

2

256,455‌

170,776‌

MASTR

Adjustable

Rate

Mortgages

Trust,

Series

2007-1,

Class

I1A

(CME

Term

SOFR

1-Month

plus

0.50%)

5.86%

01/25/47

2

432,831‌

183,508‌

MASTR

Adjustable

Rate

Mortgages

Trust,

Series

2007-2,

Class

A1

(CME

Term

SOFR

1-Month

plus

0.41%)

5.77%

03/25/47

2

223,179‌

201,314‌

MASTR

Alternative

Loan

Trust,

Series

2006-2,

Class

2A1

(CME

Term

SOFR

1-Month

plus

0.51%)

5.87%

03/25/36

2,4,5

2,399,675‌

261,967‌

MASTR

Asset-Backed

Securities

Trust,

Series

2007-HE1,

Class

A3

(CME

Term

SOFR

1-Month

plus

0.32%)

5.68%

05/25/37

2

129,507‌

123,168‌

MASTR

Asset-Backed

Securities

Trust,

Series

2007-HE1,

Class

A4

(CME

Term

SOFR

1-Month

plus

0.39%)

5.75%

05/25/37

2

300,000‌

232,104‌

Merrill

Lynch

Alternative

Note

Asset

Trust,

Series

2007-A3,

Class

A2D

(CME

Term

SOFR

1-Month

plus

0.77%)

6.13%

04/25/37

2,4,5

1,696,107‌

73,211‌

Merrill

Lynch

Mortgage

Investors

Trust,

Series

2006-RM2,

Class

A1A

(CME

Term

SOFR

1-Month

plus

0.48%)

5.84%

05/25/37

2

436,948‌

119,415‌

Mid-State

Capital

Corp.

Trust,

Series

2005-1,

Class

A

5.75%

01/15/40

52,524‌

51,849‌

Mid-State

Trust

XI,

Series

11,

Class

B

8.22%

07/15/38

3,196‌

3,222‌

Morgan

Stanley

ABS

Capital

I,

Inc.,

Trust,

Series

2006-HE4,

Class

A3

(CME

Term

SOFR

1-Month

plus

0.41%)

5.77%

06/25/36

2

605,176‌

315,491‌

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

Non-Agency

Mortgage-Backed

(continued)

Morgan

Stanley

Home

Equity

Loan

Trust,

Series

2007-1,

Class

A3

(CME

Term

SOFR

1-Month

plus

0.25%)

5.61%

12/25/36

2

$

597,641‌

$

290,641‌

Morgan

Stanley

Mortgage

Loan

Trust,

Series

2004-7AR,

Class

2A4

5.26%

09/25/34

6

81,734‌

78,243‌

Morgan

Stanley

Mortgage

Loan

Trust,

Series

2006-15XS,

Class

A4A

(STEP-reset

date

02/25/24)

6.70%

11/25/36

420,216‌

98,094‌

Morgan

Stanley

Mortgage

Loan

Trust,

Series

2006-7,

Class

5A2

5.96%

06/25/36

6

890,732‌

258,458‌

Morgan

Stanley

Mortgage

Loan

Trust,

Series

2007-11AR,

Class

2A3

2.83%

06/25/37

6

296,736‌

161,661‌

New

Residential

Mortgage

Loan

Trust,

Series

2022-NQM2,

Class

A2

3.70%

03/27/62

3,6

250,000‌

193,705‌

Nomura

Resecuritization

Trust,

Series

2015-4R,

Class

2A2

(-1.00

X

CME

Term

SOFR

1-Month

plus

0.42%)

2.92%

10/26/36

2,3

337,694‌

291,513‌

OBX

Trust,

Series

2022-NQM1,

Class

A1

2.31%

11/25/61

3,6

236,778‌

204,486‌

Option

One

Mortgage

Loan

Trust,

Series

2006-3,

Class

1A1

(CME

Term

SOFR

1-Month

plus

0.25%)

5.61%

02/25/37

2

181,759‌

117,905‌

PRET

LLC,

Series

2022-RN2,

Class

A2

(STEP-reset

date

01/25/24)

6.50%

06/25/52

3

197,000‌

186,786‌

Pretium

Mortgage

Credit

Partners

LLC,

Series

2022-RN3,

Class

A2

6.50%

08/25/52

3,6

180,000‌

164,664‌

PRPM

LLC,

Series

2020-4,

Class

A1

(STEP-reset

date

01/25/24)

5.95%

10/25/25

3

65,772‌

65,625‌

PRPM

LLC,

Series

2021-4,

Class

A1

(STEP-reset

date

01/25/24)

1.87%

04/25/26

3

175,882‌

172,170‌

PRPM

LLC,

Series

2021-5,

Class

A1

(STEP-reset

date

01/25/24)

1.79%

06/25/26

3

86,076‌

84,048‌

PRPM

LLC,

Series

2021-9,

Class

A1

(STEP-reset

date

01/25/24)

2.36%

10/25/26

3

118,453‌

115,108‌

PRPM

LLC,

Series

2022-1,

Class

A1

(STEP-reset

date

01/25/24)

3.72%

02/25/27

3

174,813‌

169,133‌

PRPM

LLC,

Series

2022-4,

Class

A2

(STEP-reset

date

01/25/24)

5.00%

08/25/27

3

170,000‌

161,520‌

Strategic

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2023

(Unaudited)

13

/

December

2023

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

Non-Agency

Mortgage-Backed

(continued)

PRPM,

LLC,

Series

2021-8,

Class

A1

1.74%

09/25/26

3,6

$

71,711‌

$

69,304‌

Residential

Accredit

Loans

Trust,

Series

2005-QA3,

Class

NB1

3.62%

03/25/35

6

111,412‌

60,057‌

Residential

Accredit

Loans

Trust,

Series

2006-QS5,

Class

A6

6.00%

05/25/36

259,670‌

207,958‌

Residential

Accredit

Loans

Trust,

Series

2007-QS1,

Class

1A5

(CME

Term

SOFR

1-Month

plus

0.66%)

6.00%

01/25/37

2

305,398‌

218,069‌

Residential

Asset

Securities

Corp.,

Series

2005-KS11,

Class

M3

(CME

Term

SOFR

1-Month

plus

0.77%)

6.13%

12/25/35

2

164,736‌

156,201‌

Residential

Asset

Securitization

Trust,

Series

2005-A5,

Class

A8

5.50%

05/25/35

364,776‌

266,958‌

SG

Mortgage

Securities

Trust,

Series

2006-OPT2,

Class

A3D

(CME

Term

SOFR

1-Month

plus

0.32%)

5.68%

10/25/36

2

250,000‌

179,067‌

Starwood

Mortgage

Residential

Trust,

Series

2021-6,

Class

A1

1.92%

11/25/66

3,6

199,884‌

165,228‌

Structured

Adjustable

Rate

Mortgage

Loan

Trust,

Series

2004-12,

Class

2A

5.67%

09/25/34

6

78,292‌

75,541‌

Structured

Asset

Mortgage

Investments

II

Trust,

Series

2005-AR8,

Class

A1B

(CME

Term

SOFR

1-Month

plus

0.28%)

5.64%

02/25/36

2

305,103‌

257,476‌

Structured

Asset

Mortgage

Investments

II

Trust,

Series

2006-AR7,

Class

A1A

(CME

Term

SOFR

1-Month

plus

0.53%)

5.89%

08/25/36

2

375,928‌

294,854‌

Terwin

Mortgage

Trust,

Series

2004-7HE,

Class

A1

(CME

Term

SOFR

1-Month

plus

1.21%)

6.57%

07/25/34

2,3

52,108‌

48,824‌

Towd

Point

Mortgage

Trust,

Series

2017-4,

Class

A2

3.00%

06/25/57

3,6

350,000‌

318,460‌

Towd

Point

Mortgage

Trust,

Series

2019-HY2,

Class

M2

(CME

Term

SOFR

1-Month

plus

2.01%)

7.37%

05/25/58

2,3

210,000‌

213,053‌

TRK

Trust,

Series

2021-INV2,

Class

A1

1.97%

11/25/56

3,6

247,770‌

199,576‌

VOLT

XCIV

LLC,

Series

2021-NPL3,

Class

A1

(STEP-reset

date

01/25/24)

2.24%

02/27/51

3

73,659‌

71,954‌

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

Non-Agency

Mortgage-Backed

(continued)

WaMu

Asset-Backed

Certificates,

Series

2007-HE1,

Class

2A4

(CME

Term

SOFR

1-Month

plus

0.34%)

5.70%

01/25/37

2

$

522,953‌

$

222,392‌

21,086,077‌

U.S.

Agency

Commercial

Mortgage-Backed

—

0

.49

%

Fannie

Mae-Aces,

Series

2016-M11,

Class

X2

(IO)

3.05%

07/25/39

6

248,034‌

3,710‌

Freddie

Mac

Multifamily

PC

REMIC

Trust,

Series

2019-P002,

Class

X

(IO)

1.01%

07/25/33

6

535,000‌

41,349‌

Freddie

Mac

Multifamily

Structured

Pass-Through

Certificates,

Series

K040,

Class

X3

(IO)

2.03%

11/25/42

6

1,100,000‌

14,806‌

Freddie

Mac

Multifamily

Structured

Pass-Through

Certificates,

Series

K047,

Class

X3

(IO)

1.49%

06/25/43

6

1,676,868‌

31,546‌

Freddie

Mac

Multifamily

Structured

Pass-Through

Certificates,

Series

KC04,

Class

X1

(IO)

1.25%

12/25/26

6

2,229,701‌

37,204‌

Freddie

Mac

Multifamily

Structured

Pass-Through

Certificates,

Series

KC05,

Class

X1

(IO)

1.22%

06/25/27

6

1,828,140‌

41,739‌

Freddie

Mac

Multifamily

Structured

Pass-Through

Certificates,

Series

Q010,

Class

XPT2

(IO)

0.36%

08/25/24

597,877‌

1,119‌

Ginnie

Mae,

Series

2009-114,

Class

IO

(IO)

0.01%

10/16/49

6

4,108,190‌

67‌

Ginnie

Mae,

Series

2010-148,

Class

IO

(IO)

0.30%

09/16/50

6

1,359,651‌

13,654‌

Ginnie

Mae,

Series

2012-123,

Class

IO

(IO)

0.62%

12/16/51

6

2,019,422‌

24,132‌

Ginnie

Mae,

Series

2012-125,

Class

IO

(IO)

0.18%

02/16/53

6

6,598,726‌

30,618‌

Ginnie

Mae,

Series

2012-27,

Class

IO

(IO)

0.23%

04/16/53

6

2,628,815‌

5,810‌

Ginnie

Mae,

Series

2013-156,

Class

IO

(IO)

0.24%

06/16/55

6

3,489,159‌

16,248‌

Ginnie

Mae,

Series

2013-163,

Class

IO

(IO)

1.01%

02/16/46

6

1,211,417‌

14,278‌

Strategic

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2023

(Unaudited)

December

2023

/

14

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

U.S.

Agency

Commercial

Mortgage-Backed

(continued)

Ginnie

Mae,

Series

2013-63,

Class

IO

(IO)

0.75%

09/16/51

6

$

3,750,190‌

$

70,374‌

Ginnie

Mae,

Series

2013-74,

Class

IO

(IO)

0.45%

12/16/53

6

897,218‌

6,469‌

Ginnie

Mae,

Series

2014-103,

Class

IO

(IO)

0.19%

05/16/55

6

850,141‌

5,656‌

Ginnie

Mae,

Series

2014-125,

Class

IO

(IO)

0.90%

11/16/54

6

502,264‌

11,096‌

Ginnie

Mae,

Series

2015-47,

Class

IO

(IO)

0.37%

10/16/56

6

523,384‌

6,308‌

376,183‌

U.S.

Agency

Mortgage-Backed

—

15

.30

%

Fannie

Mae

REMICS,

Series

2000-45,

Class

SA

(IO)

(-1.00

X

SOFR30A

plus

7.84%,

7.95%

Cap)

2.50%

12/18/30

2

13,551‌

555‌

Fannie

Mae

REMICS,

Series

2001-42,

Class

SB

(-16.00

X

SOFR30A

plus

126.17%,

8.50%

Cap)

8.50%

09/25/31

2

194‌

192‌

Fannie

Mae

REMICS,

Series

2003-124,

Class

TS

(-14.00

X

SOFR30A

plus

99.20%,

9.80%

Cap)

9.80%

01/25/34

2

2,146‌

2,167‌

Fannie

Mae

REMICS,

Series

2005-92,

Class

US

(IO)

(-1.00

X

SOFR30A

plus

5.99%,

6.10%

Cap)

0.65%

10/25/25

2

46,340‌

170‌

Fannie

Mae

REMICS,

Series

2006-125,

Class

SM

(IO)

(-1.00

X

SOFR30A

plus

7.09%,

7.20%

Cap)

1.75%

01/25/37

2

400,220‌

42,465‌

Fannie

Mae

REMICS,

Series

2008-50,

Class

SA

(IO)

(-1.00

X

SOFR30A

plus

5.94%,

6.05%

Cap)

0.60%

11/25/36

2

466,743‌

37,568‌

Fannie

Mae

REMICS,

Series

2010-43,

Class

KS

(IO)

(-1.00

X

SOFR30A

plus

6.31%,

6.42%

Cap)

0.97%

05/25/40

2

454,569‌

48,123‌

Freddie

Mac

REMICS,

Series

1673,

Class

SD

(-2.16

X

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

10-Year

plus

19.39%,

18.31%

Cap)

9.70%

02/15/24

2

105‌

105‌

Freddie

Mac

REMICS,

Series

3247,

Class

SI

(IO)

(-1.00

X

SOFR30A

plus

6.54%,

0.15%

Cap)

0.15%

08/15/36

2

5,988,862‌

26,419‌

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

U.S.

Agency

Mortgage-Backed

(continued)

Freddie

Mac

REMICS,

Series

3289,

Class

SD

(IO)

(-1.00

X

SOFR30A

plus

6.01%,

6.12%

Cap)

0.67%

03/15/37

2

$

463,357‌

$

32,509‌

Ginnie

Mae

(TBA)

4.50%

01/20/54

1,050,000‌

1,024,901‌

5.00%

01/20/54

850,000‌

845,105‌

5.50%

01/20/54

375,000‌

377,460‌

Ginnie

Mae,

Series

2013-25,

Class

SA

(IO)

(-1.00

X

CME

Term

SOFR

1-Month

plus

6.09%,

6.20%

Cap)

0.73%

02/20/43

2

1,182,036‌

123,409‌

UMBS

(TBA)

2.00%

01/01/54

1,100,000‌

899,250‌

2.50%

01/01/54

800,000‌

681,625‌

3.00%

01/01/54

1,000,000‌

884,727‌

4.00%

01/01/54

2,625,000‌

2,483,092‌

4.50%

01/01/54

3,100,000‌

3,008,452‌

5.00%

01/01/54

825,000‌

816,299‌

5.50%

01/01/54

425,000‌

426,859‌

11,761,452‌

Total

Mortgage-Backed

(Cost

$41,900,887)

35,821,951‌

MUNICIPAL

BONDS

—

0

.12

%

*

California

—

0

.03

%

California

Health

Facilities

Financing

Authority

Revenue

Bonds,

Series

A

3.00%

08/15/51

20,000‌

16,613‌

California

State

University

Revenue

Bonds,

University

&

College

Improvements,

Series

B

2.37%

11/01/35

10,000‌

7,604‌

24,217‌

Florida

—

0

.01

%

County

of

Miami-Dade

Aviation

Revenue

Bonds,

Airport

and

Marina

Improvements,

Series

B

2.86%

10/01/35

15,000‌

12,088‌

New

York

—

0

.08

%

New

York

City

Transitional

Finance

Authority

Future

Tax

Secured

Revenue

Bonds,

Public

Improvements,

Subseries

B3

1.85%

08/01/32

75,000‌

60,194‌

Total

Municipal

Bonds

(Cost

$114,722)

96,499‌

U.S.

TREASURY

SECURITIES

—

7

.87

%

U.S.

Treasury

Bonds

—

0

.03

%

U.S.

Treasury

Bonds

(WI)

4.75%

11/15/53

20,000‌

22,495‌

U.S.

Treasury

Notes

—

7

.84

%

U.S.

Treasury

Notes

4.25%

12/31/25

1,390,000‌

1,390,055‌

4.38%

11/30/28

613,000‌

627,439‌

Strategic

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2023

(Unaudited)

15

/

December

2023

Issues

Maturity

Date

Principal

Amount

Value

U.S.

TREASURY

SECURITIES

(continued)

U.S.

Treasury

Notes

(continued)

4.38%

12/15/26

$

3,175,000‌

$

3,207,122‌

4.88%

11/30/25

210,000‌

212,218‌

4.88%

10/31/28

135,000‌

140,938‌

U.S.

Treasury

Notes

(WI)

3.75%

12/31/28

335,000‌

333,495‌

4.50%

11/15/33

110,000‌

115,517‌

6,026,784‌

Total

U.S.

Treasury

Securities

(Cost

$6,015,941)

6,049,279‌

Total

Bonds

—

90

.40

%

(Cost

$75,903,516)

69,480,236‌

Issues

Shares

Value

COMMON

STOCK

—

0

.10

%

Communications

—

0

.04

%

Intelsat

Emergence

SA

1,4,5,8

(Luxembourg)

1,042‌

30,219‌

Financials

—

0

.06

%

AGNC

Investment

Corp.

4,500‌

44,145‌

Total

Common

Stock

(Cost

$90,046)

74,364‌

Issues

Maturity

Date

Principal

Amount

/

Shares

Value

SHORT-TERM

INVESTMENTS

—

24

.02

%

Money

Market

Funds

—

7

.98

%

Dreyfus

Government

Cash

Management

Fund

5.25%

9

2,957,000‌

2,957,000‌

Fidelity

Investments

Money

Market

Funds

-

Government

Portfolio

5.25%

9

21,793‌

21,793‌

Morgan

Stanley

Institutional

Liquidity

Funds

-

Government

Portfolio

5.27%

9

3,154,000‌

3,154,000‌

6,132,793‌

U.S.

Agency

Discount

Notes

—

1

.29

%

Federal

Home

Loan

Bank

5.30%

10

02/27/24

1,000,000‌

991,623‌

U.S.

Treasury

Bills

—

14

.75

%

U.S.

Treasury

Bills

(WI)

5.49%

10

04/11/24

10,000,000‌

9,856,083‌

5.38%

10

04/25/24

1,000,000‌

983,633‌

Issues

Maturity

Date

Principal

Amount/Shares

Value

SHORT-TERM

INVESTMENTS

(continued)

U.S.

Treasury

Bills

(continued)

5.46%

10

04/04/24

$

500,000‌

$

493,300‌

11,333,016‌

Total

Short-Term

Investments

(Cost

$18,452,667)

18,457,432‌

Total

Investments

-

114.52%

(Cost

$94,446,229)

88,012,032‌

Liabilities

in

Excess

of

Other

Assets

-

(14.52)%

(

11,156,146‌

)

Net

Assets

-

100.00%

$

76,855,886‌

1

Foreign

denominated

security

issued

by

foreign

domiciled

entity.

2

Floating

rate

security.

The

rate

disclosed

was

in

effect

at

December

31,

2023.

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

$465,329,

which

is

0.61%

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

Perpetual

security

with

no

stated

maturity

date.

8

Non-income producing

security.

9

Represents

the

current

yield

as

of

December

31,

2023.

10

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.

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.

(CDO):

Collateralized

Debt

Obligation

(CLO):

Collateralized

Loan

Obligation

(EMTN):

Euro

Medium-Term

Note

(EUR):

Euro

(EURIBOR):

Euro

InterBank

Offer

Rate

(IO):

Interest

Only

(MTN):

Medium-Term

Note

(REIT):

Real

Estate

Investment

Trust

(SOFR):

Secured

Overnight

Financing

Rate

(STEP):

Step

Coupon

Bond

(TBA):

To-Be-Announced

(WI):

When

Issued

Strategic

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2023

(Unaudited)

December

2023

/

16

Currency

to

be

Purchased

Currency

to

be

Sold

Counterparty

Settlement

Date

Unrealized

Appreciation

(Depreciation)

FOREIGN

CURRENCY

EXCHANGE

CONTRACT

EUR

54,000

USD

58,967

Citibank

N.A.

01/12/24

$

719‌

USD

806,316

EUR

761,000

Citibank

N.A.

01/12/24

(

34,812‌

)

NET

UNREALIZED

DEPRECIATION

$

(

34,093‌

)

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

FUTURES

CONTRACTS:

LONG

POSITIONS

U.S.

Treasury

Five-Year

Note

82

03/28/24

$

8,919,422‌

$

170,990‌

$

170,990‌

U.S.

Treasury

Two-Year

Note

73

03/28/24

15,031,727‌

135,211‌

135,211‌

23,951,149‌

306,201‌

306,201‌

FUTURES

CONTRACTS:

SHORT

POSITIONS

U.S.

Treasury

Ten-Year

Ultra

Bond

22

03/19/24

(

2,596,344‌

)

(

105,772‌

)

(

105,772‌

)

U.S.

Treasury

Ultra

Bond

14

03/19/24

(

1,870,313‌

)

(

171,676‌

)

(

171,676‌

)

Euro-Bund

Future

4

03/07/24

(

606,320‌

)

(

12,433‌

)

(

12,433‌

)

Euro-Bobl

Future

1

03/07/24

(

131,763‌

)

(

1,647‌

)

(

1,647‌

)

(

5,204,740‌

)

(

291,528‌

)

(

291,528‌

)

TOTAL

FUTURES

CONTRACTS

$

18,746,409‌

$

14,673‌

$

14,673‌

Received

by

the

Fund

Paid

by

the

Fund

Description

Maturity

Date

Rate

Frequency

Rate

Frequency

Notional

Amount

(000's)

Value

Premiums

Paid

Unrealized

(Depreciation)

SWAPS:

INTEREST

RATE

Interest

Rate

Swap

1

12/20/53

USD-SOFR-

COMPOUND

Annual

3.52%

Annual

$

157‌

$

(

6,829‌

)

$

—‌

$

(

6,829‌

)

TOTAL

SWAPS

CONTRACTS

$

157‌

$

(

6,829‌

)

$

—‌

$

(

6,829‌

)

1

Centrally

cleared.

Strategic

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2023

(Unaudited)

17

/

December

2023

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

Pursuant

to

Rule

2a-5

under

the

1940

Act,

the

Board

of

Trustees

(the

"Board"

or

the

"Board

of

Trustees")

has

designated

the

Adviser

as

the

"valuation

designee"

with

respect

to

the

fair

valuation

of

the

Fund's

portfolio

securities,

subject

to

oversight

by

and

periodic

reporting

to

the

Board. 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

selected

and

overseen

by

the

valuation

designee.

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 at

their

fair

value

as

determined

by

the

Adviser

in

accordance

with

procedures

approved by

and

under

the

general

oversight

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

used

by

the

Adviser 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

used

by

the

Adviser,

the

value

of

the

security

or

asset was

determined

in

good

faith

by

the Adviser,

as

the

valuation

designee.

When

the

Fund

uses

these

fair

valuation

methods that

use

significant

unobservable

inputs

to

determine

NAV,

securities

will

be

priced

by

a

method

that

the

Adviser

believes

accurately

reflects

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

Adviser

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

Strategic

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2023

(Unaudited)

December

2023

/

18

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

December

31,

2023

is

as

follows:

STRATEGIC

INCOME

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTAL

Investments

in

Securities

Assets:

Short-Term

Investments:

Money

Market

Funds

$

6,132,793‌

$

—‌

$

—‌

$

6,132,793‌

U.S.

Agency

Discount

Notes

—‌

991,623‌

—‌

991,623‌

U.S.

Treasury

Bills

11,333,016‌

—‌

—‌

11,333,016‌

Long-Term

Investments:

Asset-Backed

Securities

—‌

9,650,701‌

99,932‌

9,750,633‌

Common

Stock

44,145‌

—‌

30,219‌

74,364‌

Corporates

—‌

17,761,874‌

—‌

17,761,874‌

Mortgage-Backed

Securities

—‌

35,486,773‌

335,178‌

35,821,951‌

Municipal

Bonds

—‌

96,499‌

—‌

96,499‌

U.S.

Treasury

Securities

6,049,279‌

—‌

—‌

6,049,279‌

Other

Financial

Instruments

*

Assets:

Foreign

currency

exchange

contracts

—‌

719‌

—‌

719‌

Interest

rate

contracts

306,201‌

—‌

—‌

306,201‌

Liabilities:

Foreign

currency

exchange

contracts

—‌

(

34,812‌

)

—‌

(

34,812‌

)

Interest

rate

contracts

(

291,528‌

)

(

6,829‌

)

—‌

(

298,357‌

)

Total

$

23,573,906‌

$

63,946,548‌

$

465,329‌

$

87,985,783‌

*Other

financial

instruments

include

foreign

currency

exchange

contracts,

futures

and

swaps.

Interest

rate

contracts

include

futures

and

swaps.

Strategic

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2023

(Unaudited)

19

/

December

2023

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

December

31,

2023

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:

STRATEGIC

INCOME

FUND

ASSET-BACKED

SECURITIES

COMMON

STOCK

MORTGAGE-

BACKED

SECURITIES

TOTAL

Balance

as

of

April

1,

2023

$

104,763‌

$

27,066‌

$

326,465‌

$

458,294‌

Accrued

discounts/premiums

143‌

—‌

154,354‌

154,497‌

Realized

gain

—‌

—‌

1,119‌

1,119‌

Change

in

unrealized

appreciation

(depreciation)*

(

1,680‌

)

3,132‌

(

145,187‌

)

(

143,735‌

)

Purchases

—‌

21‌

—‌

21‌

Sales

(

3,294‌

)

—‌

(

1,573‌

)

(

4,867‌

)

Transfers

into

Level

3**

—‌

—‌

—‌

—‌

Transfers

out

of

Level

3**

—‌

—‌

—‌

—‌

Balance

as

of

December

31,

2023

$

99,932‌

$

30,219‌

$

335,178‌

$

465,329‌

*The

change

in

unrealized

appreciation

(depreciation)

on

securities

still

held

at

December

31,

2023

was

$(143,735)

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

December

31,

2023.

Significant

unobservable

valuations

inputs

for

Level

3

investments

as

of

December

31,

2023,

are

as

follows:

STRATEGIC

INCOME

FUND

FAIR

VALUE

AT

12/31/23

VALUATION

TECHNIQUE

*

UNOBSERVABLE

INPUT

RANGE

WEIGHTED

AVERAGE

INPUT

TO

VALUATION

IF

INPUT

INCREASES

Asset-Backed

Securities

$56,945

Broker

Quote

Offered

Quote

$90.44

$90.44

Increase

Asset-Backed

Securities

$42,987

Third-Party

Vendor

Vendor

Prices

$10.24

$10.24

Increase

Common

Stock

$30,219

Third-Party

Vendor

Vendor

Prices

$29.00

$29.00

Increase

Mortgage-Backed

Securities-Non-Agency

$335,178

Third-Party

Vendor

Vendor

Prices

$4.32

-

$10.92

$9.48

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.